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SOUTH BEND REDEVELOPMENT COMMISSION
<br /> Supporting Information-River East
<br /> River East 1 Economic Development Area
<br /> ESTIMATED ANNUAL TAX INCREMENT
<br /> Estimated Tax Increment
<br /> Taxes Existing Tax Increment 2023 Expansion
<br /> Payable South Bend- South Bend- New Development
<br /> Year Portage Twp. Clay Twp. Total Tax Increment Total
<br /> (1) (2) (3)
<br /> 2023 $3,466,540 $37,480 $3,504,020 $3,504,020
<br /> 2024 3,493,530 37,480 3,531,010 3,531,010
<br /> 2025 3,524,080 37,480 3,561,560 3,561,560
<br /> 2026 3,545,790 37,480 3,583,270 $1,005,270 4,588,540
<br /> 2027 3,715,600 37,480 3,753,080 1,005,270 4,758,350
<br /> 2028 3,811,240 37,480 3,848,720 1,005,270 4,853,990
<br /> 2029 3,869,750 37,480 3,907,230 1,005,270 4,912,500
<br /> 2030 3,872,390 37,480 3,909,870 1,005,270 4,915,140
<br /> 2031 3,872,390 37,480 3,909,870 1,005,270 4,915,140
<br /> 2032 4,324,200 37,480 4,361,680 1,005,270 5,366,950
<br /> 2033 2,618,780 37,480 (4) 2,656,260 1,005,270 3,661,530
<br /> 2034 514,330 514,330 1,005,270 1,519,600
<br /> 2035 511,770 511,770 1,005,270 1,517,040
<br /> 2036 511,770 511,770 1,005,270 1,517,040
<br /> 2037 39,210 39,210 1,005,270 1,044,480
<br /> 2038 15,790 15,790 1,005,270 1,021,060
<br /> 2039 15,790 15,790 1,005,270 1,021,060
<br /> 2040 0 0 1,005,270 1,005,270
<br /> 2041 0 0 1,005,270 1,005,270
<br /> 2042 0 0 1,005,270 1,005,270
<br /> 2043 0 0 1,005,270 1,005,270
<br /> 2044 0 (5) 0 1,005,270 (6) 1,005,270
<br /> Totals $41,722,950 $412,280 $42,135,230 $19,100,130 $61,235,360
<br /> (1) See pages 17 and 18.
<br /> (2) See page 19.
<br /> (3) See page 20.
<br /> (4) The entire portion of the Allocation Area within the South Bend -Clay Township taxing district expires following
<br /> 2033.
<br /> (5) Assumes that the final portion of the Allocation Area within the South Bend - Portage Township taxing district
<br /> will expire following 2044.
<br /> (6) The 2022 Expansion expires 25 years following the issuance of bonds or leases payable from the Tax
<br /> Increment in the 2022 Expansion. Assumes the 25-year life begins with the issuance of the illustrative Bonds.
<br /> (Subject to the attached letter dated December 2, 2022)
<br /> (Preliminary-Subject to Change)
<br /> (For Internal Use Only)
<br /> 16
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