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<br />q = Moody' s
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<br />' = y " PRELIMINARY OFFICIAL STATEMENT DATED DECEMBER 21, 1990
<br />o~
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<br />'o ~ ~.
<br />o s ~ -INTEREST ON THE TAXABLE LEASE RENTAL BONDS IS NOT EXCLUDABLE FROM GROSS INCOME OF
<br />_°' THE OWNERS THEREOF FOR FEDERAL INCOME TAX PURPOSES UNDER SECTION 103 OF THE
<br />ao~
<br />' y = = INTERNAL REVENUE CODE OF 1986, AS AMENDED. In the opinion of Baker & Daniels,
<br />o ~ ~ South Bend, Indiana, .interest on the Taxable Lease Rental Bonds is exempt from all
<br />j ~~° ~ present .Indiana taxes, except the Indiana financial institutions tax and the
<br />E'er ~ Indiana inheritance tax. See "TAX MATTERS" herein.
<br />_ .o
<br />.~Nd
<br />d d H
<br />_; ~ o ~ $4 , 200 , 000
<br />_u N.Q SOUTH BEND REDEVELOPMENT AUTHORITY
<br />` ~ o ~ SOUTH BEND, INDIANA
<br />TAXABLE- LEASE RENTAL REVENUE BONDS.
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<br />d (Airport Economic bevelopment Area
<br />~A~
<br />H ~: _ .Public Improvement Project)•.
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<br />aiO'" Original Dater January 1, 1991 Due: August 1st as shown below
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<br />o the "Redevelo ment Authorit ") is issuing
<br />~;~ = The-South Bend Redevelopment Authority ( p Y
<br />"" ° $4 200,000 of Taxable Lease Rental Revenue Bonds (Airport Economic Development
<br />°
<br />t .~ ~ ~ o e
<br />'3 ~ ~ Area Public Improvement P~.oject) (the .Taxable Lease Rental Bonds ) for the purp s
<br />R o of road construction and. land acquisition. In addition, bondTpaoceoeds will provide
<br />o for .issuance expenses and capitalized interest. The Taxable e~se ental Bonds a
<br />t a a payable from semi-annual lease rental payments to be paid by the Soutn Send
<br />s 3 Redevelopment Commission (the "Commission") directly to Society Bank located in
<br />- ~ South Bend, Indiana, as Trustee (the "Trustee"), under a Trust Agreement, dated as
<br />dA~
<br />• a y ~ of December 1, 1990, between the Redevelopment Authority and the Trustee .(the
<br />e ~ ~ "Trust Indenture") and a lease dated as of August 1, 1990 and restated and amended
<br />y ~ as of December 21, 1990 (the "Lease").between the Redevelopment Authority as Lessor
<br />osd
<br />d ~ N and the Redevelopment Commission as Lessee.
<br />a.~ _
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<br />" _ ° The Taxable Lease Rental Bonds are being issued pursuant to IC 36-7-14.5. The
<br />o d -~
<br />~'~ Taxable Lease Rental- Bonds will be issued in fully registered form in the
<br />V = U
<br />d=~
<br />denomination of $5,000 or any .integral .multiple thereof. Interest payable
<br />~'°•°`~ August 1, 1991, and semi-annually thereafter, will be paid by check mailed by the
<br />A (p -~
<br />~= ~ Trustee to the registered owners at their addresses as shown on the registration,
<br />y books maintained by the Trustee. The Taxable Lease Rental Bonds are subject to
<br />p, y U
<br />~_ ` L optional redemption, prior to maturity, beginning August 1, 1992 as more .fully
<br />C ~ ~
<br />eO Q,
<br />described herein.
<br />o~•~
<br />_ TAXABLE LEASE RENTAL REVENUE BONDS
<br />~~o -
<br />O dr V
<br />'~ ~ 'd
<br />~ ~ ~ ~ Interest Interest
<br />s~.a
<br />L ~ ~ Maturity Principal Rate Price Maturity PrinciQal Rate Price
<br />__ _
<br />~ o --
<br />R ~ ~ 8/1/96 $ 40,000 ~ ~ 8/1/05 $255,000 $ ~
<br />"~= 8/1/97 50,000 ~ ~ 8/1/06 280,000. $ ~
<br />E .E v
<br />°'~ ~ 8/1/98 90,000 ~ ~ 8/1/07 310,000 ~ ~
<br />"'/ " 8/1/99 125,000 ~ ~ 8/1/08 340,000 ~ ~
<br />R°~
<br />~_ ~ 0 8/1/00 145,000 ~ - ~ 8/1/09 380,000 ~ $
<br />° ~°' 8/1/01 165,000 $ ~ 8/1/10 420,000- $ $
<br />~d h
<br />8/1/02 190,000 ~ ~ 8/1/11 460,000 ~ ~
<br />~ ~ R 8/1/03 210,000. ~ ~ 8/1/12 510,000 ~ €
<br />~, '° a
<br />d ° °' 8/1/04 230 , 000 $ ~
<br />N T ~
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