1988-07-08 Resolution 10 - Laserfiche WebLink

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Year of 3-Year ~ 6-Year 10-Year Deduction Period Period Period (st 100% 100% 100°k 2nd 66 85 95 3rd 33 66 g0 4th 50 65 .5th 34 50 6th 17 40 7th 30 8th 20 9th 10 10th 5 Future Financing The Authority is concurrently issuing $4,575,000 Lease Rental Revenue Bonds for the purpose of acquiring. of constructing a Parking Facility to be leased to the Commission. The District is currently planning a general obligation issue of approximately $4 million to finance public improvements in the Studebaker Corridor area. This issue is expected to be sold within the next 12 months. The Board of Public Works of the City of South Bend is planning a general obligation issue of approximately $3 million to be sold within the next 12 months to finance improvements to the City's wastewater treatment plant. Rating An application for a rating of this Issue has been made to Moody's Investor's Service, Inc. ("Moody's"), 99 Church Street, New York, New York. If a rating is assigned, it will reflect only the opinion of Moody's. Any explanation of the significance of the rating may be obtained only from Moody's. There is no assurance that a rating, if assigned, will continue for any given period of time, or that such rating will not be revised or withdrawn, if in the .judgment of Moody's, circumstances so warrant. A revision or withdrawal of the rating may have an adverse effect on the market price of the Bonds. Litigation Neither the Authority nor the District are aware of any threatened or pending litigation affecting either the validity of the Issue or the ability of the Authority and the District to meet their f financial obligations. Legality The Bonds are subject to approval as to certain matters by Baker & Daniels, Indianapolis, Indiana, as Bond Counsel. Bond Counsel has not participated in the preparation of this Official Statement and will not pass upon its accuracy, completeness, or sufficiency. Bond Counsel has not examined nor attempted to -7 -