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In accordance with Nevada Revised Statutes 271A, the City of Las Vegas formed a Tourism
Improvement District in the Symphony Park area (“TID”). The City pledged up to 75% of the
amount of proceeds of taxes collected in the TID and distributed to the City pursuant to NRS
271A.070 to the repayment of bonds issued to finance a project as defined in NRS 271A.050,
including a parking garage and the related infrastructure such as drainage, roadways, and
pedestrian connection bridges.