Confirming Tax Abatement - 3950 William Richardson Court - Ryan Fireprotection, Inc

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Tax Abatement Schedule prepared for: 17-Dec-o7 RYAN FIREPROTECTION, INC. South Bend German Township 6 Year Real Property Abatement Schedule" Total estimated Project Cost: $1,103,650 Base Assessed Value: $938,103 (base assessed value is estimated at 85% of project cost) Assume constant tax rate of: 5.1376% Assume constant SRTC of: 21.7293% Assessed Gross Less Net Percent Tax Tax Year Value Tax SRTC Tax Abated Abated Paid 1 $938,103 $48,196 $10,473 $37,723 100% $37,723 $0 2 938,103 48,196 10,473 37,723 85% 32,065 5,658 3 938,103 48,196 10,473 37,723 66% 24,897 12,826 4 938,103 48,196 10,473 37,723 50% 18,862 18,861 5 938,103 48,196 10,473 37,723 34% 12,826 24,897 6 938,103 48,196 10,473 37,723 17% ~ 6,413 31,310 $226,338 $132,786 $93,552 Total Taxes Due During Abatement: $226,338 Total Taxes Abated During Abatement: 132,786 Total Taxes Paid During Abatement: 93,552 -This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates.