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7,050,000 <br />Underwriters: Lead Manager - First Chicago Capital Markets, Inc <br />Co- Managers Norwest Investment Services, Inc. <br />- Raffensperger, Hughes & Co., Inc. <br />Optional <br />Redemption: Callable in year 10 at 102 <br />C, <br />•Credit <br />Enhancement: <br />Bond Insurance - MBIA, AMBA or FGIC <br />Security: <br />The bonds (lease rentals) will be payable from special ad valorem <br />property taxes levied on all property within the Redevelopment District, <br />which is coterminous wit the geographical boundaries of the City of South <br />Bend. In addition, the Commission intends to use certain revenues <br />received from operation of certain facilities subject to the Lease, certain <br />revenues received by the Commission from a county -wide hotel -motel tax, <br />and surplus tax increment revenues received from the South Bend Central <br />Development Area, to the extent such funds and revenues are available, to <br />pay lease rentals under the Lease. The revenues available from such <br />sources which are set aside to pay lease rentals under the Lease will <br />reduce the amount of taxes levied each year to pay the lease rentals. <br />Sources: <br />Uses <br />Sources <br />Bond proceeds $7,050,000 <br />Uses <br />Refunding of 1978 Bonds $3,238,538 <br />• <br />Construction Fund (Net) 2,571,104 <br />Capitalized Interest 430,799 <br />Debt Service Reserve 601,770 <br />Costs of Issuance 147,114 <br />Bond Insurance 60.676 <br />7,050,000 <br />Underwriters: Lead Manager - First Chicago Capital Markets, Inc <br />Co- Managers Norwest Investment Services, Inc. <br />- Raffensperger, Hughes & Co., Inc. <br />Optional <br />Redemption: Callable in year 10 at 102 <br />C, <br />