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Year of 3-Year 6-Year 10-Year <br />Deduction Period Period Period <br />Ist 100% 100% 100% <br />_ <br />2nd 66 85 95 <br />3rd 33 66 80 <br />4th 50 65 <br />5th 34 50 <br />6th 17 40 <br />7th 30 <br />8th 20 <br />9th 10 <br />0th ~ 5 <br />Future Financing <br />The Authority is concurrently issuing $5,685,000 Taxable Lease Rental Revenue Bonds <br />for the purpose of acquiring Stanley Coveleski Regional Stadium to be leased to the <br />Commission. The District is currently planning a general. obligation issue of <br />approximately $4 million to finance public improvements in the Studebaker Corridor <br />area. This issue is expected to be sold within the next 12 months. .The Board of Public <br />Works of the City of South Bend is planning a general obligation issue of approximately <br />$3 million to be sold within the next 12 months to finance improvements to the City's <br />wastewater treatment plant. <br />Rating <br />An application for a rating of this Issue has been made to Moody's Investor's Service, <br />Inc. ("Moody's"), 99 Church Street, New York, New York. if a rating is assigned, it will <br />reflect only the opinion of Moody's. Any explanation of the significance of the rating <br />may be obtained only from Moody's. <br />There is no assurance that a rating, if assigned, will continue for any given period of <br />time, or that such rating will not be revised or withdrawn, if in the judgment of <br />Moody's, circumstances so warrant. A revision or withdrawal of the rating may have an <br />adverse effect on the market price of the Bonds. <br />Litigation <br />Neither the Authority nor the District are aware of any threatened or pending litigation <br />affecting either the validity of the Issue or the ability of the Authority and the District <br />to meet their financial obligations. <br />Legality <br />The Bonds are subject to approval as to certain matters by Baker & Daniels, <br />Indianapolis, Indiana, as Bond Counsel. Bond Counsel has not participated in the <br />preparation of this Official Statement and will not pass upon its accuracy, <br />completeness, or sufficiency. Bond Counsel has not examined nor attempted to <br />examine or verify, any of the financial or statistical statements, or data contained in <br />this Official Statement, and will express no opinion with respect thereto. A legal <br />opinion in substantially the form .set out in Appendix A herein will be delivered at <br />closing. The legal opinion will be printed on each bond. <br />-9 - <br />