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SOUTH BEND REDEVELOPMENT COMMISSION
<br /> Supporting Information-River West
<br /> River West Development Area
<br /> SUMMARY OF OUTSTANDING RIVER WEST OBLIGATIONS
<br /> TIF Parity Obligations(1) TIF used,but not Formally Pledged(2)
<br /> Taxes Amended 2003 Amended 2003 2020 2005 2013 2015 2018 2019
<br /> Payable Airport Bonds Downtown Bonds Taxable Econ. Main/Colfax Lease Rental Lease Rental Redevelopment Lease Rental
<br /> Year (Bond Bank) (Bond Bank) Dev.Rev.Bonds Garage Lease Ref.Bonds Bonds Dist.Bonds Bonds Total
<br /> (3) (4) (5) (6) (7) (8) (9) (10)
<br /> 2023 ($1,092,427) ($1,913,419) ($326,040) ($200,000) ($394,000) ($1,712,000) ($989,675) ($1,038,000) ($7,665,561)
<br /> 2024 (543,780) (959,310) (324,140) (200,000) (398,000) (1,713,000) (992,250) (1,040,000) (6,170,480)
<br /> 2025 (322,015) (100,000) (169,000) (1,714,000) (989,150) (1,031,000) (4,325,165)
<br /> 2026 (324,740) (1,713,000) (990,450) (1,040,000) (4,068,190)
<br /> 2027 (322,240) (1,712,000) (990,925) (1,036,000) (4,061,165)
<br /> 2028 (324,515) (1,714,000) (990,725) (1,036,000) (4,065,240)
<br /> 2029 (323,515) (1,715,000) (989,700) (1,033,000) (4,061,215)
<br /> 2030 (323,081) (1,715,000) (992,925) (3,031,006)
<br /> 2031 (322,183) (1,713,000) (990,325) (3,025,508)
<br /> 2032 (325,896) (1,714,000) (991,900) (3,031,796)
<br /> 2033 (324,154) (1,712,000) (2,036,154)
<br /> 2034 (326,938) (1,713,000) (2,039,938)
<br /> 2035 (324,288) (1,712,000) (2,036,288)
<br /> 2036 (326,240) (1,715,000) (2,041,240)
<br /> Totals ($1,636,207) ($2,872,729) ($4,539,984) ($500,000) ($961,000) ($23,987,000) ($9,908,025) ($7,254,000) ($51,658,945)
<br /> (1) The outstanding Amended 2003 Bonds require Tax Increment to be 125%of the annual principal and interest due on the Amended 2003 Bonds together with annual debt service
<br /> on all parity obligations.The outstanding 2020 Bonds require TIF revenues to be 200%of the annual principal and interest due on the Amended 2003 Bonds and 2020 Bonds,
<br /> together with annual debt service on all parity obligations.
<br /> (2) TIF is not formally pledged,but the Commission intends to use TIF for debt service.
<br /> (3) Represents payments on the outstanding Amended Tax Increment Revenue Bonds,Series 2003(Airport Economic Development Area).
<br /> (4) Represents payments on the outstanding Amended Tax Increment Revenue Bonds,Series 2003(South Bend Central Development Area).
<br /> (5) Represents payments on the outstanding Taxable Economic Development Tax Increment Revenue Bonds,Series 2020(Community Education Center Project).
<br /> (6) Represents payments on the outstanding Main/Colfax Parking Garage Lease,per City representatives.
<br /> (7) Represents payments on the outstanding Lease Rental Revenue Refunding Bonds,Series 2013(Century Center Project).
<br /> (8) Represents the lease rental payments on the outstanding Lease Rental Revenue Bonds of 2015.
<br /> (9) Represents payments on the outstanding Redevelopment District Bonds,Series 2018.
<br /> (10) Represents the lease rental payments on the outstanding Lease Rental Revenue Bonds of 2019(Double Tracking Project).
<br /> (Subject to the attached letter dated December 2,2022)
<br /> (Preliminary-Subject to Change)
<br /> (For Internal Use Only)
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