Item 9 Preliminary Official Statment Dated February 25, 1994

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"Dated Date" means March 1, 1994 the date of initial issuance and delivery thereof lwith respect to 1994 94 Bonds 4 Bonds which are ch are Current nA rpreciation t Bonds and Bonds. Capitalpp "Event of Default" shall have the meaning given to such term under the caption "Events of Default". "Federal Securities" means any direct obligations of the United States of America (including obligations issued or held in book-entry form on the books of the Department of the Treasury of the United States of America) or obligations the principal of and interest on which are unconditionally guaranteed by the United States of America. "Financial Newspaper" means The Wall Street Journal or The Bond Buyer or, if neither is then in print, any other newspaper or journal printed in the English language publishing financial news and selected by the Trustee, whose decision shall be final and conclusive. "Indenture" means the Indenture, dated as of March 1, 1994, between the Authority and the Trustee, as originally executed and as it may from time to time be amended or supplemented by all Supplemental Indentures executed pursuant to the provisions thereof. "Information Services" means Financial Information, Inc.'s "Daily Called Bond Service," 30 Montgomery Street, 10th Floor, Jersey City, New Jersey 17302, Attention: Editor; Kenny Information Services' "Called Bond Service," 55 Broad Street, 28th Floor, New York, New York 10004; Moody's Investors Service's "Municipal and Government," 99 Church Street, 8th Floor, New York, New York 10007, Attention; Municipal News Reports; and Standard and Poor's Corporation's "Called Bond Record," 25 Broadway, 3rd Floor, New York, New York 10004; or, in accordance with then current guidelines of the Securities and Exchange Commission, to such other addresses and/or such other services providing information with respect to called bonds, or to such services as the Authority may designate in a Certificate of the Authority delivered to the Trustee. "Interest Payment Date" means each January 1 and July 1, commencing January 1, 1995. "Investment Agreement" means an investment agreement or guaranteed investment contract by and between the Trustee and a national or state chartered bank or savings and loan institution (including the Trustee) or other financial institution the long-term debt obligations of which are rated at the time of execution thereof "AA" or higher by Standard & Poor's Corporation and "Aa" or higher by Moody's Investors Service. Each Investment Agreement shall provide, among other matters, that the Trustee may immediately withdraw all funds or other collateral that are the subject thereof upon any downgrading of such ratings and that such agreement shall have been reviewed prior to the execution thereof by Standard &Poor's Corporation and Moody's Investors Service. Any such Investment Agreement must be approved in writing by the Bond Insurer. "Lease" means the Lease, dated as of March 1, 1994, entered into between the Authority, as lessor, and the City, as lessee, as originally executed and as it may from time to time be amended or supplemented pursuant to the provisions thereof and of the Indenture. "Maximum Annual Debt Service" means, as of the date of calculation, the greatest total Annual Debt Service payable in any Bond Year during the period commencing with the then current Bond Year and terminating with the last Bond Year in which the Bonds are Outstanding. "Net Proceeds" means any insurance proceeds or condenmation award paid with respect to the Leased Property remaining after payment therefrom of all expenses incurred in the collection thereof. "Opinion of Counsel" means a written opinion of counsel of recognized national standing in the field of law relating to municipal bonds, appointed and paid by the City or the Authority. A-3