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<br />Notes to .Bonded Indebtedness ...
<br />may; _1 ~ .
<br />(1) Proposed 1990 Lease Rental Revenue Bonds (Airport
<br />• Economic Development Area Public .Improvement Project) $ 2.,355,000
<br />Proposed 1990 Taxable Lease Rental Revenue Bonds (Airport
<br />Economic Development Area Public Improvement Project) 4,200,000
<br />1990 Lease Rental Revenue Bonds (South Bend Central
<br />Development Area Public Improvement Project) 4,895.,000
<br />1988 Lease Rental Revenue Bonds (Parking Garage Facility) 4,500,000
<br />1988 Taxable Lease Rental Revenue Bonds (Coveleski Stadium) 4,710.000
<br />Total $20,660,000
<br />Note: Although all the Redevelopment Authority Lease Rental
<br />Revenue bond issues are supported by a property tax.
<br />pledge, the Coveleski Stadium Lease Rental Bonds are
<br />the only bonds intended to be, and actually being,
<br />paid from a property tax levy. The other Lease Rental
<br />Revenue bond issues, including this .proposed Bond issue,
<br />are intended to be paid (and those issued actually are
<br />being paid) primarily from tax .increment revenues and
<br />_ other revenues such as parking garage revenues.
<br />,
<br />(2) 1982 Park District Bonds S 1,050,000
<br />(3) 1990 Redevelopment District Bonds (Studebaker Corridor
<br />Project) $ 4,900,000
<br />1972 Redevelopment District Bonds 200.000
<br />• Total $ 5,100,000
<br />(4) Century .Center Civic Center Lease $ 3,673,.636
<br />Studebaker Museum Land Contract 255,207
<br />Master Equipment Lease 1,129,947
<br />Police, Fire, EMS CAD Computer System 395,945
<br />Leaf Loaders 181,748
<br />Fire Rescue unit and Ambulance 101.042
<br />Total $ 5,737,525
<br />(5) St. Joseph County Capital Improvement Bonds $ 4,800,000
<br />St. Joseph County Park Bonds. 625,000-ti
<br />Jail Renovation Bonds of 1979 1.200,000
<br />Total $ 6,-625,000
<br />*Will pay off on 12/30/90
<br />The County Auditor's office stated that $1,825,000 of additional
<br />debt will be issued in December, 1990 with a one year payout.
<br />(6) South Bend Library Leasing Corporation $ 2,455,000
<br />Less cash and investments (5.500)
<br />• $ 2,449,500
<br />G.O. Bonds - Series,. 1988 3,900,000
<br />G.O. Bonds - Series, 1989 3.950.000
<br />Total $10,299,500
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