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INTRODUCTION TO THE OFFICIAL STATEMENT <br />'s $1,410,000 <br />The following in formation u furnished sdety to provide limited introductory infoo~atwnom ~S~ et All s formation is <br />Taxable Lease Rental Revenue Bonds (the "Bonds") and does not Purport ~ Statementi incheding the <br />qualified in ixs entirety by reference to the more detailed descriptions appearing in Offic' <br />appendices hereto. <br />i. <br /> <br /> of South Bend, Indiana, Redevelopment Authority. <br />Cit <br />Issuer: y <br />Security: The Bonds are ppayable from lease rental ayments of the <br />ment ofpthe <br />Pa <br />ritt <br />h <br />A <br />n <br /> y <br />yy. <br />ut <br />o <br />Commission to the <br />~ mited <br />ad <br />will be generated by the Commission from <br /> valorem property taxes assessed throughout the District. <br />Although not pledged, the Commission expects to make <br /> certain tax increment revenues available for the payment of <br /> the lease rental. <br /> To finance the acquisition of the Palms Royale building. <br />Purpose: <br />Optional Redemption The Bonds .are subject to prior redemption on February 1, <br />t <br />i <br /> . <br />nteres <br />2001, at a price of par plus accrued <br />Denominations: $5,000 or integral multiples thereof. <br />Record Date: The 15th day of the month preceding the payment date. <br />Principal Payments: Annually commencing February 1,1993. <br />Interest Payments: Semiannually on February 1 and Augguusst 1 commencing <br />ft of the Trustee to the <br />d <br /> ra <br />February 1, 1993, by check or <br /> .owner as of the record date. <br />Tax Status: See "Tax Matters" in Appendix D herein. <br />Professional Consultants: Financial Advisor: Evensen Dodge~,~ Inc. <br />Minneapolis, Minnesota <br /> Bond Counsel: <br />n <br /> d, Indiana <br />South Be <br />1 <br />