1998-10-19 Resolution 130 - Laserfiche WebLink

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• It is anticipated that CUSIP identification numbers will be printed on the Bonds (at the expense of the successful bidder), but neither the failure to print such numbers on any Bonds nor any error with respect thereto shall constitute cause for a failure or refusal by the successful bidder to accept delivery of and pay for the Bonds. At the time of delivery of the Bonds the approving legal opinion of Baker & Daniels, bond counsel, of South Bend, Indiana, as to the validity of the Bonds, together with a transcript of Bond proceedings, the printed Bonds with such legal opinion printed thereon, and closing certificates in the customary form showing no litigation, will be furnished to the successful bidder at the expense of the Authority. The Authority was organized in compliance with IC 36-7-14.5, for the purpose of financing local public improvements, including the Project (as defined in the Trust Agreement) for • lease to the South Bend Redevelopment Commission (the "Commission") and the construction of which Project the Authority fmanced with the proceeds of its lease rental revenue bonds issued in 1992. which bonds are to be refunded with the proceeds of the Bonds hereinabove described. All actions have been taken in compliance with the provisions of IC 36-7-14, IC 36-7-14.5 and IC 5-1- 5. The Bonds will be secured by the Trust Agreement, and the Bonds will be issued pursuant to the terms and provisions of said Trust Agreement and a resolution of the Authority entitled "Resolution of the South Bend Redevelopment Authority Authorizing the Issuance of the South Bend Redevelopment Authority Lease Rental Revenue Refunding Bonds of 1998 (Blackthorn Golf Course Project) (the "Bond Resolution"). The property referred to in the Trust Agreement has been leased to the Commission at the rental amounts set forth in such lease, payable on such dates and subject to the terms as set • forth in the lease. ..The .funds for the a merit of the lease rental will p Y be generated by the -7- ::ODMA\PCDOCS\SBDOCS 1\24381\1