1992-06-18 Resolution 56 - Laserfiche WebLink

Home Browse Search

The property referred to in the Trust Agreement has been leased for a term not to exceed thirteen (13) years to the Commission at the rental amounts set forth in such lease, payable on such dates and subject to the terms as set forth in the lease. The funds for the payment of the lease rental will be generated by the Redevelopment District of the City of South Bend from unlimited ad valorem property taxes assessed throughout said District. After the sale of the Bonds, the lease shall be amended to reduce the annual rental as set forth in the lease, and the term of the lease may also be shortened as described in the Official Statement. All bidders shall be deemed to be advised as to the provisions of the above-mentioned Trust Agreement, Bond Resolution and lease and the provisions of the aforesaid Indiana Code. The Bonds constitute an indebtedness only of the Authority, payable in accordance with the terms of the above- mentioned Trust Agreement and Bond Resolution and the provisions of the aforesaid Indiana Code. The Authority has authorized the preparation of an Official Statement dated June 18, 1992, containing pertinent information relative to the Bonds, and said Official Statement will ~~ serve as an Official Statement "deemed final" as of the date thereof pursuant to Rule 15c2-12 of the Securities and Exchange Commission. For copies of the Official Statement and the Official Bid Form or for any additional information prior to sale, any prospective purchaser is referred to the Financial'Advisor to the Authority, Evensen Dodge, Inc., 222 South Ninth Street, Suite 3800, n LJ -7- \rrrompol\PALAIS.gpY\notice.int\fc\June 17, 1992