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'~ <br />3 <br />_.j . <br />1 <br />MYRON H. PRASIER. C. P. A. <br /> ROGER L. UMBAUGH. C. P. A. <br />` EDWARD W. GUNTZ. C. P. A. <br /> GERALD G. MALONE, C. P. A. <br /> CHARLES A. DALTON, C. P. A. <br /> DAViD C.' FREDERICK. C.P. A. <br /> <br /> HERSCHELL J. UMBAUGH. C. P.A. <br /> 11915 -19 B 91 <br />H.J. UMBAUGH ~ ASSOCIATES <br />ecsftftcd Jn-u`rftc ~ceounfanfs <br />SUITE 100. 9100 MERIDIAN SQUARE <br />20 EAST 91sT STREET <br />P. O. BOX 40458 <br />INDIANAPOLIS, INDIANA 46240-045 8 <br />TELEPHONE l3i71 844-7288 <br />TELECOPIER 13171 848-3604 <br />December 18, 1990 <br />South Bend Redevelopment Authority <br />City of South Bend <br />1200 County-City Building <br />South Bend, Indiana 46601 <br />PLYMOUTH OfPICE <br />X2191 935-5178 <br />Re: $2,355,000 Lease Rental Revenue Bonds <br />!embers of the Redevelopment Authority: <br />In connection with the issuance of $2,355.000 principal amount of Lease Rental <br />'- Revenue Bonds, we have, at your request, compiled this special purpose report <br />including the following schedules: <br />Pa e s <br />2-3 General Comments <br />4 Summary of Estimated Project Costs and Funding <br />5 Schedule of Amortization of $2,355,000 Proposed Lease <br />Rental Bonds <br />6 Maximum Lease Payment Schedule <br />7 Analysis of Debt Service and Estimated Tax Increment <br />8 Bond Year Schedule <br />In the preparation of these schedules, assumptions were made as noted regarding <br />certain future events. As is the case with such assumptions regarding future <br />events and transactions, some or all may not occur as expected and the resulting <br />differences could be material. We have not examined the underlying assumptions <br />nor have we audited the historical data. Consequently, we express no opinion <br />thereon nor do we have a responsibility to prepare subsequent reports.. <br /> <br />• <br />