1998-10-19 Resolution 130 - Laserfiche WebLink

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purpose of reducing the lease rentals due thereunder by the Commission to the Authority, which Lease was heretofore approved and executed by this Authority; and WHEREAS, there has been prepared and submitted to the Authority a form of Trust Agreement to be dated as of November 1, 1998, between the Authority and Norwest Bank Indiana, N.A., as Trustee (the "Trust Agreement") which Trust Agreement provides for, among other things, the issuance of the Bonds to pay the costs of the advance refunding of the Refunded Bonds and pay the costs of issuance of the Bonds; and WHEREAS, a form of the nearly final Official Statement of the Authority (the "Official Statement") to be dated October 26, 1998, relating to the issuance of the Bonds has been prepared by Crowe, Chizek and Company LLP, as financial advisor to the Authority (the "Financial Advisor"), and presented to the Authority; and WHEREAS, there has been prepared and submitted to the Authority a form of • Irrevocable Escrow Deposit Agreement to be dated as of November 1, 1998 (the "Escrow Agreement"), between the Authority and Norwest Bank Indiana, N.A., Fort Wayne, Indiana, as Escrow Trustee (the "Escrow Trustee"), which Escrow Agreement provides for, among other things, the deposit of a portion of the proceeds of the Bonds with the Escrow Trustee in an amount, plus investment earnings thereon, that will be sufficient to pay all principal of and interest on the Refunded Bonds; and WHEREAS, there has been prepared and submitted to the Authority a form of Continuing Disclosure Undertaking Agreement to be dated as of November 1, 1998 (the "Continuing Disclosure Undertaking Agreement"), between the Authority and Norwest Bank Indiana, N.A., as counterparty (the "Counterparty"), which Continuing Disclosure Undertaking Agreement evidences • _2_ ::ODMA\PCDOCS\SBDOCS 1\24200\2