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~ '` ~ tl <br />SUMMARY OF SALE NOTICE <br />(See Notice of Intent to Sell) <br />$5,685,000 <br />SOUTH BEND, INDIANA, REDEVELOPMENT AUTHORITY <br />TAXABLE LEASE RENTAL REVENUE BONDS OF 1988 <br />(COVELESKI STADIUM PROJECT) <br />(Unlimited Tax) <br />Issuer and Lessor: South Bend Redevelopment Authority. <br /> South Bend Redevelopment Commission. <br />Lessee: <br /> First Interstate Bank of Northern Indiana, N. A. <br />Trustee' <br /> The Authority will sell taxable lease rental revenue bonds to finance <br />Purpose: the acquisition of the Stadium Facility and the .site, and related <br /> issuance costs, for lease to the South Bend Redevelopment <br /> Commission pursuant to the Lease Agreement. <br /> Bonds will be secured by a Trust Agreement and issued pursuant to <br />Security: terms and provisions of the Trust Agreement- and the Bond <br />l will be <br />t <br /> a <br />Resolution. Funds for the payment of the lease ren <br />enerated by the South Bend Redevelopment District from unlimited <br /> g <br />ad valorem property taxes assessed throughout the District. <br />Sale Date• Within 24 hours of notice of sale given by telephone prior to <br /> September I, 1988. <br />Anticipated Sale Date: Tuesday, July 26, 1988, Noon, Eastern Standard Time. <br /> Office of the South Bend Redevelopment Authority <br />Place of Sale•_ 1200 County-City Building <br /> South Bend, Indiana 46601 <br />Notice By Bidders of <br />On or before 10.00 A M. (EST), July I9, I988. <br />Intent to [aid: Interested bidders must furnish -n writing to the Authority c/o <br />rth Illinois <br />251 N <br /> o <br />Mr. Richard Treptow, Springsted Incorporated, . <br />Indianapolis, Indiana 46204-1942, bidder's name, <br />1510 <br />it <br />S <br /> , <br />e <br />u <br />Street, <br />telephone number and telex number (optional). Bidders will <br />address <br /> , <br />be notified at least 24 hours prior to the date and time of the sale. <br />Type of Bid: A Non-Collusion Affidavit and a sealed bid for not less than <br />$5,599,725 and accrued interest on the total principal .amount of the <br />Bonds shall be filed with the Secretary of the Authority prior to the <br />time set for opening bids. (Bid Forms and aNon-Collusion Affidavit <br />are included as part of the Official Statement.) Each bid must be <br />accompanied by a certified or cashier's check in the amount of <br />$56,850 made payable to "The South Bend Redevelopment <br />Authority." No bid may be conditioned upon the award of any other <br />~- obligations of the Authority. <br />