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