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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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