1994-05-17 Resolution 91 - Laserfiche WebLink

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e 4 S TH BEND REDEVELOPMENT AUTHORITY • _..... °LEASE RENTAL REVENUE BONDS OF 1994 (CENTURY CENTER PROJECT) PURCHASE CONTRACT May _, 1994 South Bend Redevelopment Authority 1200 County-City Building South Bend, Indiana 46601 Ladies and Gentlemen: The undersigned, First Chicago Capital Markets, Inc. (the "Representative "), as representative of the Underwriters listed on Exhibit A attached hereto (the "Underwriters "), hereby offers to enter into the following purchase contract (this "Contract ") with the South Bend Redevelopment Authority, South Bend, Indiana (the "Issuer "), a body corporate and politic, separate from the City of South Bend, Indiana (the "City"), and an instrumentality of the City, organized and existing pursuant to Indiana Code 36 -7 -14.5, which Contract, upon acceptance by the Issuer, will • be binding upon the Underwriters and the Issuer. This offer is made subject to withdrawal by the Underwriters upon notice delivered by the Representative to you at any time prior to the acceptance hereof by you. Section 1. Purchase and Sale. Subject to the terms and conditions and upon the basis of the representations, warranties and agreements set forth herein, the Underwriters hereby agree to purchase from the Issuer, and the Issuer hereby agrees to sell and deliver to the Underwriters, all but not less than all of the $ aggregate principal amount of the Issuer's South Bend Redevelopment Authority Lease Rental Revenue Bonds of 1994 (Century Center Project) (the "Bonds"). The Bonds shall be dated as of May 15, 1994, and shall have the maturities and bear interest at the rates per annum as set forth on the inside front cover of the Official Statement the hereinafter defined). The purchase price for the Bonds shall be $ (representing par amount of the Bonds, as listed on the inside front cover of the Official Statement, less an Underwriters' discount of $ and an original issue discount of $ . ) plus accrued interest on the Bonds, as defined in the Official Statement, from the dated date to the date of delivery. Section 2. Official Statement. The Official Statement dated the date hereof and relating to the Bonds, together with the cover page and all appendices thereto, is designated herein as the "Official Statement" and a draft thereof is attached hereto and incorporated herein. Section 3. Offering. The Underwriters agree to make a bona fide public offering of all of • the Bonds at prices not in excess of the initial public offering prices set forth on the cover page of the Official Statement, plus interest accrued thereon from the date of the Bonds. The Issuer hereby ratifies and consents to the use and distribution of the Preliminary Official Statement dated May , 1994 relating to the Bonds (the "Preliminary Official Statement ") and authorizes the