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Bonds maturing in the year 2009 by an amount not to exceed <br />$200,000; and <br />WHEREAS, the Notice further provided that such resizing <br />of the individual principal amounts of the maturities of the Bonds <br />may be necessary to provide sufficient funding of the escrow fund <br />that will be established to refund the 1988 Bonds; and <br />WHEREAS, Evensen Dodge, Inc., the financial advisor to <br />the Authority (the "Financial Advisor") has received bids for the <br />Bonds on behalf of the Secretary of the Authority; and <br />WHEREAS, Evensen Dodge, Inc., has aezerminea Lice <br />individual principal amounts of the Bonds necessary to adequately <br />fund the escrow fund and Coopers & Lybrand has verified that the <br />individual principal amounts of the Bonds as determined by the <br />Financial Advisor will provide sufficient funding of the escrow <br />• fund to refund the 1988 Bonds; and <br />WHEREAS, there has been prepared and submitted to the <br />Authority a form of Irrevocable Escrow Deposit Agreement to be <br />dated as of June 1, 1992, between the Authority and Norwest Bank <br />Indiana, N.A., as Escrow Trustee (the "Escrow Agreement"), a copy <br />of which is hereby attached as "Exhibit A" hereto and incorporated <br />herein, which Escrow Agreement provides for, among other things, <br />the deposit of a portion of the proceeds of the Bonds with the <br />Escrow Trustee in an amount, plus investment earnings thereon, that <br />will be sufficient to pay all principal of and interest on the 1988 <br />Bonds; <br /> <br />-2- <br />