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CITY OF SOUTH BEND
<br />NOTES TO FINANCIAL STATEMENTS
<br />(Continued)
<br />Purpose
<br />Balance at
<br />December 31
<br />Unamortized
<br />Discount
<br />(Premium)
<br />Unamortized
<br />Loss (Gain) on
<br />Refunding
<br />Adjusted
<br />Balance
<br />Governmental Activities
<br />24,637
<br />13,010,363
<br />2002 Water Works Improvement
<br />5,580,000
<br />Tax Incremental Financing Revenue Bonds:
<br />5,558,968
<br />2001 Sewage Works Refinancing
<br />3,200,000
<br />(50,300)
<br />2002 TJX Special Taxing District
<br />$ 6,115,000
<br />$ 59,410
<br />$ $
<br />6,055,590
<br />2003 Airport TIF
<br />14,175,000
<br />-
<br />172,889 4,450,729
<br />14,175,000
<br />2003 SB Downtown Central Development TIF
<br />19,715,000
<br />-
<br />54,371
<br />19,660,629
<br />Redevelopment Authority Revenue Bonds:
<br />1996 Central Development Area Refinancing
<br />3,265,000
<br />5,373
<br />-
<br />3,259,627
<br />1998 Morris Performing Arts Center
<br />10,545,000
<br />87,500
<br />-
<br />10,457,500
<br />2000 Hall of Fame Refinancing
<br />13,270,000
<br />46,594
<br />(13,562)
<br />13,236,968
<br />2001 Century Center Refinancing
<br />5,875,000
<br />46,157
<br />345,110
<br />5,483,733
<br />CEDIT Revenue Bonds:
<br />1997 CEDIT Bonds
<br />9,175,000
<br />91,446
<br />9,083,554
<br />Total governmental activities
<br />$ 82,135,000
<br />$ 336,480
<br />$ 385,919 $
<br />81,412,601
<br />Business -Tvoe Activities
<br />1993 Water Works Improvement
<br />$ 1,915,000 $
<br />3,276 $
<br />1,911,724
<br />1997 Water Works Improvement
<br />13.035,000
<br />24,637
<br />13,010,363
<br />2002 Water Works Improvement
<br />5,580,000
<br />21,032
<br />5,558,968
<br />2001 Sewage Works Refinancing
<br />3,200,000
<br />(50,300)
<br />96,982 3,153,318
<br />2004 Sewage Works Improvement
<br />11,425,000
<br />10,919
<br />- 11,414,081
<br />1998 Blackthorn Golf Course Refinancing
<br />4,660,000
<br />36,382
<br />172,889 4,450,729
<br />Total business -type activities
<br />$ 39,815,000 $
<br />45,946 $
<br />269,871 $ 39,499,183
<br />Revenue bonds debt service requirements to maturity are as follows:
<br />Year Ended
<br />December 31
<br />2005
<br />2006
<br />2007
<br />2008
<br />2009
<br />2010 -2014
<br />2015 -2019
<br />2020 -2024
<br />Totals
<br />Governmental Activities Business-Type Activities
<br />Principal Interest Principal Interest
<br />$ 3,130,000
<br />3,535,000
<br />3,680,000
<br />3,860,000
<br />4,220,000
<br />25,405,000
<br />23,745, 000
<br />14,560,000
<br />$ 3,936,674
<br />3,794,060
<br />3,641,185
<br />3,477,012
<br />3,299,984
<br />13,144,296
<br />6,366,151
<br />2,011,071
<br />$ 1,580,000
<br />3,870,000
<br />4,035,000
<br />4,240,000
<br />3,570,000
<br />12,195,000
<br />4,740,000
<br />5,585,000
<br />$ 1,263,720
<br />1,632,714
<br />1,466,204
<br />1,289,512
<br />1,101,822
<br />3,468,116
<br />1,964,077
<br />748,465
<br />$ 82,135,000 $ 39,670,433 $ 39,815,000 $ 12,934,630
<br />4. Notes and Loans Payable
<br />The primary government has entered into various notes/loans. Annual debt service requirements
<br />to maturity for the notes/loans are as follows:
<br />..
<br />
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