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CITY OF SOUTH BEND
<br />NOTES TO FINANCIAL STATEMENTS
<br />(Continued)
<br />Mortgage debt service requirements to maturity are as follows:
<br />Year Ended Governmental Activities
<br />December 31 Principal Interest
<br />2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />2012-2016
<br />2017-2021
<br />2022-2026
<br />$ 1,379,285
<br />1,423,375
<br />1,473,317
<br />1,522,892
<br />1,375,265
<br />7,830,120
<br />9,882,870
<br />2,450,000
<br />$ 1,212,285
<br />1,165,421
<br />1,116,990
<br />1,064,546
<br />1,007,431
<br />4,065,521
<br />2,008,981
<br />123,625
<br />Totals
<br />3. Revenue Bonds
<br />$ 27,337,124 $ 11,764,800
<br />Business-Type Activities
<br />Principal Interest
<br />$ 45,510 $ 48,050
<br />47,970 45,859
<br />49,815 43,537
<br />52,275 41,112
<br />54,735 38,570
<br />314,880 148,948
<br />407,130 56,149
<br />$ 972,315 $ 422,225
<br />The primary government issues bonds to be paid by income derived from the acquired or con-
<br />structed assets. Revenue bonds outstanding at year end are as follows:
<br />Interest Original Outstanding
<br />Purpose Rates Issue 12-31-06
<br />Governmental activities:
<br />Tax Incremental Financing Revenue Bonds:
<br />2002 TJX Special Taxing District 3.0% to 4.75% $ 6,620,000 $ 5,580,000
<br />2003 Airport TIF 1.6% to 5.20% 14,420,000 13,175,000
<br />2003 SB Downtown Central Development TIF 1.6% to 5.20% 19,795,000 19,500,000
<br />2005 Southside TIF 6.1 % to 6.75% 5,485,000 5,485,000
<br />2006 Erskine Commons 4.50% to 5.40% 2,440,000 2,440,000
<br />Redevelopment Authority Revenue Bonds:
<br />1996 Central Development Refinancing 4% to 5.85% 3,790,000 2,545,000
<br />1998 Morris Performing Arts Center 4.5%to 5.1% 13,300,000 9,255,000
<br />2000 Hall of Fame Refinancing 4.45% to 6.0% 15,370,000 11,825,000
<br />2001 Century Center Refinancing 2.9% to 5.0% 6,825,000 5,200,000
<br />CEDIT Revenue Bonds:
<br />2006 CEDIT Refinancing Bonds 3.75% to 4% 7,440,000 7,440,000
<br />Total governmental activities $ 95,485,000 $ 82,445,000
<br />Business-type activities:
<br />1993 Water Works Improvement 3.4% to 5.1% $ 5,100,000 $ 1,030,000
<br />1997 Water Works Improvement 4.35% to 4.75% 22,500,000 9,735,000
<br />2002 Water Works Improvement 3.5% to 5.0% 5,975,000 5,160,000
<br />2006 Water Works Improvement 4.25% to 4.50% 4,710,000 4,710,000
<br />2001 Sewage Works Refinancing 3.0%to 4.25% 5,240,000 1,655,000
<br />2004 Sewage Works Improvements 2.5% to 4.75% 11,425,000 10,640,000
<br />2006 Sewage Works Improvements 3.6% to 4.625% 7,630,000 7,630,000
<br />1998 Blackthorn Golf Course Refinancing 3.25% to 4.8% 6,135,000 3,785,000
<br />Total business-type activities $ 68,715,000 $ 44,345,000
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