1998-10-19 Resolution 130 - Laserfiche WebLink

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FORM OF BONT~ COUNSEL OPINION Upon delivery of the Refunding Bonds, Baker & Daniels, Bond Counsel, proposes to deliver an opinion in substantially the following form. ,1998 South Bend Redevelopment Authority South Bend, Indiana Re: South Bend Redevelopment Authority Lease Rental Revenue Refunding Bonds of 1998 (Blackthorn Golf Course Projectl Ladies and Gentlemen: We have acted as bond counsel in connection with the issuance by the South Bend Redevelopment Authority (the "Issuer") of Million Thousand and 00/100 Dollars ($ .00) aggregate principal amount of South Bend Redevelopment Authority Lease Rental Revenue Refunding Bonds of 1998 (Blackthorn Golf Course Project) originally dated , 1998 (the "Bonds"), pursuant to a Trust Agreement- (the "Trust Agreement") between the Issuer and Norwest Bank Indiana, N.A., as Trustee (the "Trustee"), dated as of November 1, 1998. We have examined a certified transcript of proceedings and such other certificates and .documents and .have reviewed such other proceedings,-and such questions of law as we have deemed necessary as a basis for this opinion. It is understood that the rights of the holders of the Bonds, the Issuer and the Trustee and the enforceability of the Bonds, the Trust Agreement and the Lease (as defined below), may be subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors' rights heretofore or hereafter enacted to the extent constitutionally applicable, and that their enforcement may also be subject to the exercise of judicial discretion in appropriate cases. As to questions of fact material to our opinion, we have relied, without undertaking to verify the same by independent investigation, upon representations, covenants and certifications of the Issuer and public officials contained in the Trust Agreement and in the certified transcript of proceedings and other certificates furnished to us. We have not been engaged or undertaken to review the accuracy, completeness or sufficiency of any offering materials relating to the Bonds, and we express no opinion relating thereto. • Based upon the foregoing, we are of the opinion, under existing law, as follows: