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NOTICE OF INTENT TO SELL <br />$1,410,000 <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />TAXABLE LEASE RENTAL REVENUE BONDS <br />(PALAIS ROYALE PROJECT) <br />Upon not less than twenty-four (24) hours' notice given <br />by telephone by or on behalf of the South Bend Redevelopment <br />Authority (the "Authority") prior to the sale date, the Secretary- <br />Treasurer of the Authority will receive in the office of the <br />Authority, 1200 County-City Building, South Bend, Indiana, and <br />consider sealed bids for the purchase of the taxable lease rental <br />revenue bonds of the Authority designated as "South Bend <br />Redevelopment Authority Taxable Lease Rental Revenue Bonds ("Palais <br />Royale Project") (the "Bonds"), in the estimated aggregate <br />principal amount of One Million Four Hundred Ten Thousand Dollars <br />($1,410,000), bearing interest at a rate or rates not exceeding <br />ten percent (10~) per annum (the exact rate or rates to be deter- <br />mined by bidding), which interest shall be payable on February 1, <br />1993, and semiannually thereafter on August 1 and February 1 of <br />each year. The Bonds will be issued in fully registered form in <br />the denominations of $5,000 or an integral multiple thereof not <br />exceeding ,the aggregate principal amount of the Bonds maturing in <br />any year, will be originally dated as of the first day of the month <br />in which they are originally delivered, will be numbered consecu- <br />tively, and will mature serially on February 1, in the years and <br />amounts as follows: <br />• <br />