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February 28 and August 28 of each year. The funds for the payment of the lease rental <br />will be generated by the Redevelopemnt District of the City of South Bend from <br />unlimited ad valorem property taxes assessed throughout said District. <br />~' <br />After sale of the Bonds, the annual rental shall be reduced to an amount equal to two <br />times the sum of the multiple of One Thousand Dollars ($1,000) next highest to the <br />highest sum of principal and interest due on such bonds on any bond payment date plus <br />One Thousand Dollars ($1,000), payable in equal semi-annual installments. All bidders <br />shall be deemed to be advised as to the provisions of the above-mentioned Trust <br />Agreement, Bond Resolution and lease and the provisions of the aforesaid .Indiana Code <br />Title 36, Article 7, Chapters 14 and 14.5. <br />The bonds consitute an indebtedness only of -the Authority, payable in accordance with <br />the terms of the above-mentioned Trust Agreement and Bond Resolution and the <br />provisions of the aforesaid Indiana Code.. <br />The Authority has prepared an Official Statement relating to the bonds. A copy of the <br />Official Statement may be obtained upon request by prospective bidders to Springsted <br />Incorporated, 251 North Illinois Street, Suite 1510, Indianapolis, Indiana, 46204-1942, <br />(317) 237-3636, financial advisor to the Authority. If bids are submitted by mail, they <br />should be addressed to the Authority, attention of Chris Davey, Secretary, South Bend <br />Redevelopment Authority, 1200 County-City Building, South .Bend, Indiana, 46601. <br />Dated this 1st day of July, 1988 SOUTH BEND REDEVELOPMENT AUTHORITY <br />By: Chris Davey, Secretary <br /> <br /> <br />-iv- <br />