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1990-12-28 Resolution 30
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1990-12-28 Resolution 30
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7/17/2008 3:19:39 PM
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~; <br />i <br />,.~.. <br />s x <br />'~ ~ 5 <br />ESTIMATED SOURCES AND USES OF FUNDS ~ ~ G ~ 9 fi~9O <br />The proceeds from the sale of the Lease Rental-Bonds will be applied to the costs <br />of constructing the Projects, the ..payment of capitalized interest and the <br />,payment of bond issuance costs. The- estimated sources and uses of funds are <br />summarized below; <br />Estimated Sources of Funds: <br />Proposed Lease Rental Bonds $.2,355,000 <br />Estimated Uses of Funds: <br />Construction and related costs $1,830,000 <br />Allowance for capitalized interest 416,.225 <br />Underwriters discount 47,100 <br />Bond issuance costs 105,000 <br />Less: Capitalized interest fund earnings (43.325) <br />Total estimated uses of funds ~2,35~ S~®¢000 <br />UNDERWRITING <br />The Lease Rental Bonds are being purchased for reoffering by the Underwriter, <br />(the "Underwriter") at a purchase <br />price of $ plus accrued interest from March 1, 1991. The Notice <br />of Intent to Sell provides that all of the Lease Rental Bonds will be purchased <br />by the Underwriter if any of such Bonds are purchased. <br />The Underwriter intends to offer the Lease Rental Bonds to the public at the <br />offrering prices set forth- on the inside cover page of this Official Statement. <br />The Underwriter may .allow concessions to 'certain dealers (including dealers in a <br />selling group of the Underwriter :and other dealers depositing the Lease .Rental <br />Bonds into investment trusts), who may reallow concessions to other dealers. <br />After the initial public. offering, the offering price may be varied from time to <br />time by .the Underwriter. <br />OPINION OF BOND COUNSEL <br />Legal matters incident to the authorization and issuance of the Bonds are subject <br />to the unqualified approving opinion of Baker & Daniels, Indianapolis, Indiana, <br />Bond Counsel.. Copies of such opinion will be made available by the. Authority at <br />the time of the delivery of the Bonds. Bond Counsel has not undertaken to review <br />the accuracy or completeness of any representation contained in this Official <br />Statement and expresses no opinion thereon nor assumes any responsibility in <br />connection therewith. A form of the legal opinion can be found as Appendix F of <br />this Official Statement. <br />LITIGATION <br />At the time of delivery of the Bonds, the Authority will certify that there is <br />i no litigation or other proceedings pending or, to the .knowledge. of the <br />Authority, threatened in any court, agency or other administrative body <br />restraining or contesting the issuance of the Bonds or in any way affecting the <br />validity of any provisions of the Bonds. <br />eye <br />
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