1990-12-21 Resolution 29 - Laserfiche WebLink

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~ :, iw. ~ ~~ i a ;r ESTIMATED SOURCES AND USES OF FUNDS DEC ~. 9 ' The proceeds from the sale of the Taxable Lease Rental .Bonds will be applied to the costs of constructing the Projects, the- payment of capitalized interest and the payment of bond .issuance costs. The estimated sources and uses of funds are summarized below: Estimated Sources of Funds: Proposed Taxable Lease Rental Bonds Estimated Uses of Funds: Construction and related costs Allowance for capitalized interest .Underwriters discount Bond issuance costs Less: Capitalized interest fund earnings $4.,200,000 $3,280,000 798,216 84,000 108,000 (70.216) Total estimated uses of .funds UNDERWRITING U S4,200,000 The Taxable Lease Rental Bonds are being purchased for reoffering by the Underwriter, (the "Underwriter") at a purchase price of $ plus accrued interest .from January 1, 1991. The Notice of Intent to Sell provides that all of the Taxable Lease Rental Bonds will be purchased by the Underwriter if any of such Bonds are purchased. The Underwriter intends to offer the Taxable Lease Rental Bonds to the public at the offering prices set forth on the .inside •cover page of this Official Statement. The Underwriter may allow concessions to certain dealers (including dealers in a selling group of the Underwriter and other dealers depositing the Taxable Lease Rental Bonds into investment trusts), who may reallow concessions to other dealers. After the initial public offering, the offering price may be varied from time to time by the. Underwriter. OPINION OF BOND COUNSEL Legal matters incident to the authorization and issuance of the Bonds are subject to the unqualified approving opinion of Baker & Daniels, Indianapolis, Indiana, Bond Counsel. .Copies of such .opinion will be made available by the Authority at the time of the delivery of the Bonds. Bond Counsel has not undertaken to review the accuracy or completeness of any representation contained in this Official Statement and expresses no opinion thereon nor assumes any responsibility in connection therewith. A form of the legal opinion can be found as Appendix F of this Official Statement. LITIGATION At the time of delivery of the .Bonds, the Authority will certify that there is no litigation or other proceedings pending or, to the knowledge of the • Authority, threatened in any court., agency or other administrative body restraining or contesting the issuance of the Bonds or in any way affecting the validity of any provisions of the Bonds. _ -5-