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SOUTH BEND REDEVELOPMENT AUTHORITY
<br />LEASE RENTAL REVENUE BONDS OF 1994
<br />(CENTURY CENTER PROJECT)
<br />NET DEBT SERVICE REQUIREMENTS
<br />• DELIVERY DATE: 6/15/94
<br />PERIOD
<br />TOTAL
<br />CONSTR. FUND DEBT SVC. RES.
<br />NET
<br />SURPLUS FUNDS
<br />ENDING
<br />PRINCIPAL
<br />COUPON
<br />INTEREST
<br />DEBT SERVICE
<br />EARNINGS + CAP. INT.
<br />-- - --- ------ -- - - -- -- ----
<br />DEBT SERVICE
<br />---- --- ---
<br />REMAINING
<br />-- ---- --- --- --
<br />-- --- - -- - -----
<br />2/ 1/95
<br />-- - - - ---
<br />---- - - ---- --
<br />--- ---- - -- -- ---
<br />304,928.00
<br />------- - --- --
<br />304,928.00
<br />-- ----
<br />498,939.63
<br />194,011.63
<br />2/ 1/96
<br />170,000.00
<br />4.400000
<br />428,805.00
<br />598,805.00
<br />36,939.55
<br />367,853.82
<br />2/ 1/97
<br />180,000.00
<br />4.750000
<br />421,325.00
<br />601,325.00
<br />33,097.36
<br />568,227.64
<br />2/ 1/98
<br />185,000.00
<br />5.050000
<br />412,775.00
<br />597,775.00
<br />33,097.36
<br />564,677.64
<br />2/ 1/99
<br />195,000.00
<br />5.250000
<br />403,432.50
<br />598,432.50
<br />33,097.36
<br />565,335.14
<br />2/ 1/ 0
<br />205,000.00
<br />5.350000
<br />393,195.00
<br />598,195.00
<br />33,097.36
<br />565,097.64
<br />2/ 1/ 1
<br />215,000.00
<br />5.450000
<br />382,227.50
<br />597,227.50
<br />33,097.36
<br />564,130.14
<br />2/ 1/ 2
<br />230,000.00
<br />5.550000
<br />370,510.00
<br />600,510.00
<br />33,097.36
<br />567,412.64
<br />2/ 1/ 3
<br />240,000.00
<br />5.650000
<br />357,745.00
<br />597,745.00
<br />33,097.36
<br />564,647.64
<br />2/ 11 4
<br />255,000.00
<br />5.750000
<br />344,185.00
<br />599,185.00
<br />33,097.36
<br />566,087.64
<br />2/ 1/ 5
<br />270,000.00
<br />5.850000
<br />329,522.50
<br />599,522.50
<br />33,097.36
<br />566,425.14
<br />2/ 1/ 6
<br />285,000.00
<br />5.950000
<br />313,727.50
<br />598,727.50
<br />33,097.36
<br />565,630.14
<br />2/ 1/ 7
<br />305,000.00
<br />6.050000
<br />296,770.00
<br />601,770.00
<br />33,097.36
<br />568,672.64
<br />2/ 1/ 8
<br />320,000.00
<br />6.450000
<br />278,317.50
<br />598,317.50
<br />33,097.36
<br />565,220.14
<br />2/ 1/ 9
<br />340,000.00
<br />6.450000
<br />257,677.50
<br />597,677.50
<br />33,097.36
<br />564,580.14
<br />2/ 1/10
<br />365,000.00
<br />6.450000
<br />235,747.50
<br />600,747.50
<br />33,097.36
<br />567,650.14
<br />2/ 1/11
<br />385,000.00
<br />6.450000
<br />212,205.00
<br />597,205.00
<br />33,097.36
<br />564,107.64
<br />2/ 1/12
<br />410,000.00
<br />6.450000
<br />187,372.50
<br />597,372.50
<br />33,097.36
<br />564,275.14
<br />2/ 1/13
<br />440,000.00
<br />6.450000
<br />160,927.50
<br />600,927.50
<br />33,097.36
<br />567,830.14
<br />2/ 1/14
<br />465,000.00
<br />6.450000
<br />132,547.50
<br />597,547.50
<br />33,097.36
<br />564,450.14
<br />2/ 1/15
<br />495,000.00
<br />6.450000
<br />102,555.00
<br />597,555.00
<br />33,097.36
<br />564,457.64
<br />2/ 1/16
<br />2/ 1/17
<br />530,000.00
<br />565,000.00
<br />6.450000
<br />6.450000
<br />70,627.50
<br />36,442.50
<br />600,627.50
<br />601,442.50
<br />---
<br />33,097.36
<br />634,867.36
<br />----- - - - - -- --- ----- - -- - --
<br />567,530.14
<br />1,672.57
<br />---- ---- - -- - --
<br />35,097.43
<br />------
<br />_7_050,000_00
<br />• _
<br />-- -- - - --
<br />--------
<br />_
<br />- - - - --
<br />6,433,568 00
<br />-- --- ---- - ----
<br />_13,483_568_00
<br />1,832,693 74
<br />_11,685_971 69
<br />Dated 5/15/94 with Delivery
<br />of 6/15/94
<br />Bond Years
<br />102,253.333
<br />Average Coupon
<br />6.291793
<br />Average Life
<br />14.504019
<br />N I C %
<br />6.351132
<br />% Using 99.1393467
<br />T I C %
<br />6.344081
<br />% From Delivery Date
<br />Bond Insurance:
<br />0.450000
<br />% of (Total
<br />Debt Service
<br />Only)
<br />= 60,676.06
<br />First Chicago Capital Markets, Inc.
<br />Micro -Muni Sizing Date: 05-16 -1994 a 10:59:54 Filename: SBRA Key: CC -94
<br />•
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