In 2017 , Hotel Taxes fell 30% in Beach Town due to a hurricane to $1,650,000. Beach Town has $27,000,000 of Hotel Tax Revenue Bonds outstanding that amortize annually through 2045 . Maximum Annual Debt Service is in 2032 with principal and interest totally $1,575,000. The Hotel Tax Indenture contains an Additional Bonds Test of 1.3x. Can the City Council sell $10 million of new money parity bonds due in 10 years with a 5% coupon to rebuild the sand dunes