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City of South Bend
<br />Eddy Street Commons Project
<br />Major Moves Fund 412
<br />Amortization of Loan to Project to be
<br />Repaid from Project TIF Revenue
<br />Prepared 12/31/07.
<br />Original
<br />Capitalized
<br />New
<br />Principal
<br />Interest
<br />Principal Payment
<br />Principal 5,300,000
<br />795,000
<br />6,095,000 $291,204.72
<br />Rate 0.05
<br />8/15/2011
<br />291,205
<br />Term (Yrs) 15
<br />138,830
<br />5,956,170
<br />Payment
<br />Interest
<br />Principal Balance
<br />Beginning Balance
<br />6,095,000
<br />2/15/2011
<br />0
<br />0
<br />0
<br />6,095,000
<br />8/15/2011
<br />291,205
<br />152,375
<br />138,830
<br />5,956,170
<br />2/15/2012
<br />291,205
<br />148,904
<br />142,300
<br />5,813,870
<br />8/15/2012
<br />291,205
<br />145,347
<br />145,858
<br />5,668,012
<br />2/15/2013
<br />291,205
<br />141,700
<br />149,504
<br />5,518,507
<br />8/15/2013
<br />291,205
<br />137,963
<br />153,242
<br />5,365,265
<br />2/15/2014
<br />291,205
<br />134,132
<br />157,073
<br />5,208,192
<br />8/15/2014
<br />291,205
<br />130,205
<br />161,000
<br />5,047,192
<br />2/15/2015
<br />291,205
<br />126,180
<br />165,025
<br />4,882,167
<br />8/15/2015
<br />291,205
<br />122,054
<br />169,151
<br />4,713,017
<br />2/15/2016
<br />291,205
<br />117,825
<br />173,379
<br />4,539,638
<br />8/1512016
<br />291,205
<br />113,491
<br />177,714
<br />4,361,924
<br />2/15/2017
<br />291,205
<br />109,048
<br />182,157
<br />4,179,767
<br />8/15/2017
<br />291,205
<br />104,494
<br />186,711
<br />3,993,057
<br />2/15/2018
<br />291,205
<br />99,826
<br />191,378
<br />3,801,678
<br />8/15/2018
<br />291,205
<br />95,042
<br />196,163
<br />3,605,516
<br />2/15/2019
<br />291,205
<br />90,138
<br />201,067
<br />3,404,449
<br />8/15/2019
<br />291,205
<br />85,111
<br />206,094
<br />3,198,355
<br />2/15/2020
<br />291,205
<br />79,959
<br />211,246
<br />2,987,109
<br />8/15/2020
<br />291,205
<br />74,678
<br />216,527
<br />2,770,582
<br />2/15/2021
<br />291,205
<br />69,265
<br />221,940
<br />2,548,642
<br />8/15/2021
<br />291,205
<br />63,716
<br />227,489
<br />2,321,154
<br />2/15/2022
<br />291,205
<br />58,029
<br />233,176
<br />2,087,978
<br />8/15/2022
<br />291,205
<br />52,199
<br />239,005
<br />1,848,973
<br />2/15/2023
<br />291,205
<br />46,224
<br />244,980
<br />1,603,992
<br />8/15/2023
<br />291,205
<br />40,100
<br />251,105
<br />1,352,887
<br />2/15/2024
<br />291,205
<br />33,822
<br />257,383
<br />1,095,505
<br />8/15/2024
<br />291,205
<br />27,388
<br />263,817
<br />831,688
<br />2/15/2025
<br />291,205
<br />20,792
<br />270,413
<br />561,275
<br />8/15/2025
<br />291,205
<br />14,032
<br />277,173
<br />284,102
<br />2/15/2026
<br />291,205
<br />7,103
<br />284,102
<br />(0)
<br />Totals
<br />8,736,142
<br />2,641,142
<br />6,095,000
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