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17. What is your best estimate of the amount of taxes to be abated during each of the five <br />years after installation? <br />South Bend German 5 Year Personal Property Abatement Schedule* <br />Total estimated Equipment Cost: $1,216,873 <br />Assume constant tax rate of: 5.1376 <br />Assume constant SRTC rate of: 7.0636 <br />Gross <br />Less <br />TTV <br />Assessed <br />Year <br />TTV% <br />(Year 1 -5) <br />Value <br />1 <br />40% <br />486,749 <br />486,749 <br />2 <br />56% <br />681,449 <br />681,449 <br />3 <br />42% <br />511,087 <br />511,087 <br />4 <br />32% <br />389,399 <br />389,399 <br />5 <br />24% <br />292,050 <br />292,050 <br />Gross <br />Less <br />Net <br />Percent <br />Tax <br />Tax <br />Tax <br />SRTC <br />Tax <br />Abated <br />Abated <br />Paid <br />$25,007 <br />1,766 <br />$23,241 <br />100% <br />$23,241 <br />$0 <br />$35,010 <br />2,473 <br />$32,537 <br />80% <br />$26,030 <br />$6,507 <br />$26,258 <br />1,855 <br />$24,403 <br />60% <br />$14,642 <br />$9,761 <br />$20,006 <br />1,413 <br />$18,593 <br />40% <br />$7,437 <br />$11,156 <br />$15,004 <br />1,060 <br />$13,944 <br />20% <br />$2,789 <br />$11,155 <br />$121,285 <br />8,567 <br />$112,718 <br />$74,138 <br />$38,580 <br />Total Taxes Due During Abatement: <br />Total Taxes Abated During Abatement: <br />Total Taxes Paid During Abatement: <br />(Revised 8/2/02) 7 <br />$112,718 <br />$74,138 <br />$38,580 <br />