Item 9 Preliminary Official Statment Dated February 25, 1994

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Issuance of Additional Bonds The Authority may at any time issue Additional Bonds payable from the Revenues as provided in the Indenture and secured by a pledge of the Revenues as provided in the Indenture equal to the pledge securing the Outstanding Bonds theretofore issued thereunder, but only subject to the following specific conditions, which are conditions precedent to the issuance of any such Additional Bonds: (a) The Authority shall be in compliance with all agreements and covenants contained in the Indenture. (b) The issuance of such Additional Bonds shall have been authorized by the Authority and shall have been provided for by Supplemental Indenture which shall specify the following: (1) The purpose for which such Additional Bonds are to be issued; (2) The authorized principal amount and designation of such Additional Bonds; (3) The dated date and the maturity dates of, and the sinking fund payment dates, if any, for such Additional Bonds; provided that (i) each maturity date shall fall upon July 1, (ii) the final maturity date shall not exceed the remaining useful life of the leased property, (iii) all such Additional Bonds of like maturity shall be identical in all respects, except as to number and denomination and (iv) serial maturities for Serial Bonds or sinking fund payments for Term Bonds, or any combination thereof, shall be established to provide for the retirement of such Additional Bonds on or before their respective maturity dates; (4) The interest payment dates for such Additional Bonds, which shall be Interest Payment Dates; (5) That such Additional Bonds shall be issued only in Authorized Denominations; (6) The redemption premiums, if any, and the redemption terms, if any, for such Additional Bonds; (7) The amount, if any, to be deposited from the proceeds of sale of such Additional Bonds in the Interest Account established pursuant to the Indenture; (8) The amount, if any, to be deposited from the proceeds of sale of such Additional Bonds in the Acquisition Fund established pursuant to the Indenture; (9) The amount to be deposited from the proceeds of sale of such Additional Bonds in the Reserve Account established pursuant to the Indenture, which amount shall be sufficient to cause the amount on deposit in the Reserve Account to equal the Reserve Requirement upon the issuance of such Additional Bonds; (10) The forms of such Additional Bonds; and (11) Such other provisions as are necessary or appropriate and not inconsistent with the Indenture. (c) The Lease shall have been amended so as to increase the Base Rental payable by the City thereunder by an amount at least sufficient to pay the interest on and principal of such Additional Bonds as the same become due. A-11