2001 Comprehensive Annual Financial Report

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DEBT SERVICE FUNDS Tax Incremental Financing Bonds - To accumulate monies to meet the required debr service reserve for paymen# of Tax Incremental Revenue ~TIF} Bonds 1988 and the TIF Refinancing Bonds of 1992, which are serial bonds due in annual install- mentsthrough 2005 and 2004, respectively. Financing isprovided bytrans- fersfrom the Tax Incremental Financing -Downtown Fund Capital Projects Fund}. Redevelopment Bond - Studebaker - To accumulate monies for payment of Redevelopment District general obli- gation bands, which are serial bonds due in annual installments through 2006. Financing is to be provided by an annual property tax levy. Redevelopment District Bond - To accumulate monies for the payment of Redevelopment Authority bonds issued to refinance bonds issued fvr construction of a parking garage facil- ity, bends issued for central development area land acquisition and con- struction of public impravements, bonds issued for airport development area land acquisition and construction of public impravements, bonds issued to purchase the Palais Royale, bonds issued to refinance bonds issued for construction of Century Center improvements, bonds issued for renovations to the Morris Performing Art Center, and bonds issued for construction of the College Football Hall of Fame. EDIT Bond -Plaza Garage -Tax Exempt - To accumulate monies to meet the required debt service reserve for the Series A, Economic Development Income Tax Revenue EDIT} Bonds of 1991. EDIT Bond -Plaza Garage -Taxable - To accumulate monies to meet the required debt service reserve for the Series B, Taxable Economic Development Income Tax ~ED1T} Revenue Bonds of 1997. South Bend Building Corporation Debt Service - To account for debt retirement of the Building Corporation's Mortgage Bonds. Funding is provided by transfers from other Gity funds. 84