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BID FORM <br />. PROPOSAL- FOR PURCHASE OF <br />$6,245,000* <br />South Bend Redevelopment Authority <br />Lease Rental Revenue Refunding Bonds of 1998 <br />(Blackthorn Golf Course Project) <br />To the Secretary-Treasurer, South Bend Redevelopment Authority: <br />The undersigned herewith submits its sealed proposal for the purchase of the following <br />described bonds of the South Bend Redevelopment Authority: <br />Designation of issue: Lease Rental Revenue Refunding Bonds of 1998 <br />Amount of issue: $6,245,000 <br />Dated: November 1,1998 <br />Interest: First payment March 1, 1999 and semi-annually <br />thereafter. <br />Denomination: $5,000 or integral multiples thereof. <br />Delivery: Issuer is expected to have the Refunding Bonds <br />ready for delivery to the successful bidder. on or <br />about November 24,1998. <br />Maturities On the dates and in the amounts as follows: <br />Maturi Amount Maturi Amount <br />• 3/1/99 $145,000 3/1/07 $ 465,000 <br />3/1/00 190,000 3/1/08 485,000 <br />3/1/01 240,000 3/1/09 505,000 <br />3/1/02 305,000 3/1/10 525,000 <br />3/1/03 365,000 3/1/11 550,000 <br />3/1/04 415,000 3/1/12 575,000 <br />3/1/05 430,000 3/1/13 605,000 <br />3/1/06 445,000 <br />For all of the above-mentioned bonds, bearing interest at the following rates of interest per <br />annum: <br />Principal Interest Principal Interest <br />Amount* Maturities Rate Amount* Maturities Rate <br />$ 145,000 3/1/99 $ 465,000 3/1/07 <br />190,000 3/1/00 485,000 3/1/08 <br />240,000 3/1/01 505,000 3/1/09 <br />305,000 3/1/02 525,000 3/1/10 <br />365,000 3/1/03 550,000 3/1/11 <br />415,000 3/1/04 575,000 3/1/12 <br />430,000 3/1/05 605,000 3/1/13 <br />445,000 3/1/06 <br />* Approximate Amount <br />E-2 <br />