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Original Final Outstanding
<br />Par Amount Maturity Amount
<br />Self-Supporting Revenue Debt (1)
<br />Waterworks Refunding Revenue Bonds of 2016 $3,300,000 01/01/27 $3,300,000
<br />Waterworks Revenue Bonds of 2012 8,300,000 01/01/33 6,925,000
<br />Waterworks Refunding Revenue Bonds of 2012B 3,785,000 01/01/23 2,380,000
<br />Waterworks Revenue Bonds of 2009, Series A (SRF) 427,332 01/01/30 332,562
<br />Waterworks Revenue Bonds of 2009, Series B 5,380,000 01/01/30 4,325,000
<br />Sewage Works Refunding Revenue Bonds of 2015 27,440,000 12/01/25 24,965,000
<br />Sewage Works Refunding Revenue Bonds, Series 2013A 14,765,000 12/01/24 8,050,000
<br />Sewage Works Revenue Bonds of 2012 25,000,000 12/01/32 20,890,000
<br />Sewage Works Revenue Bonds of 2011 21,500,000 12/01/31 17,295,000
<br />Sewage Works Revenue Bonds of 2010 9,345,000 12/01/30 7,145,000
<br />Sewage Works Revenue Bonds of 2009 (SRF) 3,297,000 12/01/28 2,249,643
<br />Waterworks and Sewage Works Leases 3,325,737
<br />Subtotal 101,182,942
<br />Total Direct Debt $220,791,335
<br />Allocable to Allocable to
<br />Overlapping Debt Total Debt City (2)City
<br />Tax Supported Debt
<br />$30,465,000 28.17% $8,581,991
<br />114,089,291 52.85% 60,296,190
<br />36,675,073 2.68% 982,892
<br />Mishawaka-Penn-Harris Public Library 2,475,000 2.19% 54,203
<br />St. Joseph County Public Library 4,015,000 49.51% 1,987,827
<br />12,080,000 28.17% 3,402,936
<br />Tax Supported Debt 75,306,039
<br /> Self-Supporting Revenue Debt
<br />875,000 62.41% 546,088
<br />Self-Supporting Revenue Debt 546,088
<br />Total Overlapping Debt $75,852,127
<br />Penn-Harris-Madison School Corporation
<br />St. Joseph County Airport Authority
<br />(3)On December 30, 2014, the City of South Bend's Mayor, as the executive of the City, designated a portion of the City's
<br />distributive share of County Economic Development Income Tax to St. Joseph County (the "County"), pursuant to IC 6-3.5-7-
<br />15, in such amount as necessary to pay the annual debt service of 29.03% of the County's Economic Development Income Tax
<br />Revenue Bonds of 2014 ("County Bonds"), as long as these County Bonds remain outstanding. The principal balance
<br />outstanding attributable to the City was $2,386,508 as of December 31, 2016, as the City prepaid some of the outstanding
<br />principal amount.
<br />2
<br />The schedule presented above is based on information furnished by the obligors or other sources and is deemed reliable. The
<br />City makes no representation or warranty as to its accuracy or completeness.
<br />The City anticipates making substantial improvements to the Sewage Works over the next 20 years as part of its Long Term
<br />Control Plan and a Consent Decree entered into between the City and the U.S. Department of Justice and USEPA. The
<br />cost estimate for the Consent Decree is approximately $600 million. The exact costs and timing of these improvements are
<br />still to be determined.
<br />(1)
<br />Based upon the 2016 payable 2017 net assessed valuation of the respective taxing units.(2)
<br />St. Joseph County (3)
<br />CITY OF SOUTH BEND
<br />South Bend Public Transportation
<br />South Bend Community School Corporation
<br />SCHEDULE OF INDEBTEDNESS
<br />(Cont'd)
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