"In February 2016, the Corporation drew $403,941 from an operating reserve account and $1,922,921 from the site specific hotel occupancy tax account in order to fund a semi-annual bond payment due in March 2016," the filings state. "The timing of this payment follows a several month period that is typically slow in the Baltimore hotel industry, and the Hotel was unable to fully fund the payment strictly with Hotel operating cash flows. The draw does not violate the terms of the bond agreement, and the Corporation continues to maintain adequate funding in the reserve accounts for future years. Management is working diligently to increase operating revenue to prevent the need to draw on reserve funds in future years."