Item 9 Preliminary Official Statment Dated February 25, 1994

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RATING Standard &Poor's Ratings Group ("S&P") has assigned the Bonds a rating of AAA, and Moody's Investors Service, Inc. ("Moody's") has assigned the Bonds the rating of Aaa, with the understanding that, upon delivery of the Bonds, the Municipal Bond Insurance Policy will be issued by the Insurer. Such ratings reflect only the views of S&P and Moody's, and does not constitute a recommendation to buy, sell or hold the Bonds. Explanation of the significance of the rating may be obtained from the S&P and Moody's. A rating is subject to revision or withdrawal at any time by the particular rating agency, and there is no assurance that a rating will continue for any period of time or that it will be revised or withdrawn. Any revision or withdrawal of either or both of the ratings could have an adverse effect on the market price of the Bonds. LITIGATION There is no action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, regulatory agency, public board or body, pending or, to the knowledge of the Authority, threatened against the Authority or the City affecting the existence thereof or the titles of its members or officers to their respective offices or seeking to restrain or to enjoin the sale of the Bonds, the application of the proceeds thereof in accordance with the Indenture, or in any way contesting or affecting the validity or enforceability of the Joint Powers Agreement, the Bonds, the Indenture, the Ground Lease, the Lease, the Assignment Agreement or any action of the Authority or the City contemplated by any of said documents, or in any way contesting the completeness or accuracy of this Official Statement or any amendment or supplement thereto, or contesting the powers of the Authority or the City or their authority with respect to the Joint Powers Agreement, the Bonds, the Indenture, the Ground Lease, the Lease, the Assignment Agreement or any action of the Authority or the City contemplated by any of said documents, nor to the knowledge of the Authority, is there any basis therefor. Although the City is subject to occasional lawsuits in the ordinary conduct of its affairs, in the opinion of the City, there are no claims or actions threatened or pending which, if determined adversely against the City, either individually or in the aggregate, would have a material adverse effect on the financial condition of the City or on the ability of the City to make Base Rental payments under the Lease. UNDERWRITING The underwriters set forth on the cover page hereof(the "Underwriters") have jointly and severally agreed, subject to certain conditions set forth in the Purchase Contract, dated March 1994 (the "Purchase Contract"), to purchase all of the Bonds for an aggregate purchase price of$ (constituting the aggregate principal amount of the Bonds less underwriters' discount of$ sco of$ ) plus the interest on the Current Interest Bonds accrued from March 1,i1994 tod thedelil issue very ant date thereof. The initial public offering prices stated on the inside cover of this Official Statement may be changed from time to time by the Underwriters. The Underwriters may offer and sell the Bonds to certain dealers (including dealers depositing Bonds into investment trusts), dealer banks, banks acting as agents and others at prices lower than said public offering prices. 35