Laserfiche WebLink
<br /> NOTES TO BONDED INDEBTEDNESS <br />' (1) Taxable Lease Rental Acquisition and Refunding <br /> Revenue Bonds of 1993 (Airport Economic Development <br /> Area Public Improvement Project) $4,905,000 <br /> Lease Rental Revenue Bonds of 1992 5,680,000 <br /> 1990 Tax-Exempt Lease Rental Revenue Bonds (Airport <br /> Economic Development Area Public Improvement Project) 2,355,000 <br />' 1990 Lease Rental Revenue Bonds (South Bend Central <br /> Development Area Public Improvement Project) 4,895,000 <br />' 1991 Taxable Lease Rental Revenue Bonds <br />(Coveleski Stadium) Refunding <br />3,195,000 <br /> 1992 Lease Rental Revenue Refunding Bonds <br /> (Parking Garage Facility) 4,005,000 <br /> 1992 Taxable Lease Rental Revenue Bonds <br /> (Palais Royale Project) 1,375.000 <br /> Total $26.410,000 <br /> <br /> Note: The above does not include $4,200,000 outstanding of 1990 Taxable Lease <br /> Rental Revenue Bonds which are being refunded by the proposed issue. <br /> <br /> <br /> <br /> <br />Although all the Redevelopment Authority Lease Rental Revenue bond issues <br />are supported by a property tax pledge, the Coveleski Stadium Lease <br />Rental Bonds are the only bonds intended to be, and actually being, <br />paid from a property tax levy. The other lease rental revenue bond <br />issues are intended to be paid (and those issued actually are being paid) <br />primarily from tax increment revenues and other revenues such as parking <br />garage revenues. <br />(2) 1990 Redevelopment General Obligation Bonds <br />(Studebaker Corridor Project) <br />(3) 1977 Civic Center Building Authority Bonds <br />Note: In addition, the City has entered into capital <br />leases for various types of equipment, the Studebaker <br />Museum, remodeling costs of the Municipal Services <br />Facility, parking garage facilities and water <br />and sewage facilities. <br />' Balance Balance <br />January 1, 1992 at December 31. 1992 <br />Obligations under <br />Capital Leases: $3,737,032 $3,632,620 <br />(4) St. Joseph County Capital Improvement Bonds <br />' Jail Renovation Bonds of 1979 <br />Total <br />$ 4.800,000 <br />$ 3,385,000 <br />$ 2,000,000 <br />300.000 <br />$2.300,000 <br />Note: Officials of St. Joseph County anticipate issuing approximately $50 million of Lease Rental <br />debt in late 1993 or early 1994 for a new jail and juvenile detention center. <br />A-20 <br />