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1990-03-02 Minutes
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1990-03-02 Minutes
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NOTICE OF INTENT TO SELL <br />$4,895,000 <br />• SOUTH BEND (INDIANA) REDEVELOPMENT AUTHORITY <br />LEASE RENTAL REVENUE BONDS <br />(SOUTH BEND CENTRAL DEVELOPMENT AREA PUBLIC IMPROVEMENT PROJECT) <br />Upon not less than twenty-four (24) hours' notice given <br />by telephone by or on behalf of the South Bend Redevelopment <br />Authority (the "Authority") prior to the sale date. anticipated to <br />be March 27, 1990, the Secretary-Treasurer of the Authority will <br />receive in the office of the Authority, .1200 County-City <br />Building, South Bend, Indiana, and consider sealed bids for the <br />purchase of the lease rental revenue bonds of the Authority <br />designated as "South Bend Redevelopment Authority Lease Rental <br />Revenue Bonds (South Bend Central Development Area Public <br />• Improvement Project)" (the "Bonds"), in the aggregate principal <br />amount of Four Million Eight Hundred Ninety-Five Thousand Dollars <br />($4,895,000), bearing interest at a rate or rates not exceeding <br />eight and one-half percent (8.5%) per annum (the exact rate or <br />rates to be determined by bidding), which interest shall be <br />payable on February 1, 1991, and semiannually thereafter on <br />August 1 and February 1 of each year. The Bonds will be issued <br />in fully registered form in the denominations of $5,000 or an <br />integral multiple thereof not exceeding the aggregate principal <br />amount of the Bonds maturing in any year, will be originally <br />dated as of the first day of the month in which they are <br />originally delivered (anticipated to be April 1, 1990), will. be <br />numbered consecutively, and will mature serially on February 1 in <br />• the years and amounts as follows: <br />-iv- <br />
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