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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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ISSUANCE OF THE CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX <br />INCREMENT REVENUE BONDS OF 1990 FOR THE PURPOSE OF RAISING MONEY <br />FOR PROPERTY ACQUISITION AND REDEVELOPMENT IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA, ALLOCATION AREA NO. 1" (Resolution No. ), <br />(the "Resolution ") adopted by the City of South Bend Redevelopment <br />Commission (the "Commission ") on August 31, 1990, and in strict <br />compliance with IC 36 -7 -14, for the purpose of procuring funds to <br />pay for the cost of property acquisition and redevelopment in <br />Allocation Area No. 1, together with a sum sufficient to pay the <br />estimated cost of all expenses reasonably incurred in connection <br />with the acquisition and redevelopment of Allocation Area No. 1, <br />including the total cost of all land, rights -of -way and other <br />property to be acquired and redeveloped, all reasonable and <br />necessary architectural, engineering, legal, financing, accounting, <br />advertising, bond discount and supervisory expenses, capitalized <br />interest and a debt service reserve for the bonds as set forth in <br />the Resolution and expenses the Commission may be required or <br />permitted to pay as "relocation assistance" under IC 8- 23 -17, <br />together with the expenses in connection with or on account of the <br />issuance of the bonds, all as described in the Resolution. <br />Reference is hereby made to the Resolution for a description of the <br />nature and extent of the rights, duties and obligations of the <br />owners of the bonds, the City and the Commission and the terms on <br />which this bond is issued, and to all the provisions of the <br />Resolution to which the owner hereof by the acceptance of this bond <br />assents. <br />The Bonds are subject to mandatory redemption through <br />operation of a sinking fund at a redemption price of loot of the <br />principal amount redeemed, plus interest accrued to the redemption <br />date, and at maturity, on the dates specified below in the <br />following principal amounts: <br />Date Amount <br />The Bonds are subject to redemption at the option of the <br />Commission at any time after issuance thereof, as a whole or in <br />part from time to time, only in Authorized Denominations (with the <br />Bonds to be selected by lot in such manner as may be designated by <br />the Registrar, in case of redemption in part), at face value plus <br />interest accrued on the Bonds so redeemed to the date fixed for <br />redemption, and without premium. <br />Unless waived by any holder of bonds to be redeemed, <br />official notice of any such redemption shall be given by the <br />-13- <br />\rlhill \sthbnd\ airport \general \finalbd;lh;August 31, 1990 <br />
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