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5-Year Abatement January 8,2025 <br /> Greenleaf Holdco LLC <br /> South Bend Portage Township <br /> Personal Property Tax Abatement Schedule' <br /> Estimated Equipment Cost: $ 70,030,000 <br /> Asset Pool: Pool#4(13 years and longer) <br /> Property Address: 3820 W.Calvert Street <br /> Tax Key Number: TBD <br /> Year 1 Year 2 Year 3 Year 4 Year 5 <br /> Assessed Value(AV) <br /> True Tax Value(TTV) 40°%o 60% 63% 54% 46% <br /> New Base(Equipment Cost x TTV) 28,012,000 42,018,000 44,118,900 37,816,200 32,213,800 <br /> Abatement 100% 100% 100% 100% 100% <br /> Abatement Deduction (28,012,000) (42,018,000) (44,118,900) (37,816,200) (32,213,800) <br /> Net Assessed Value - - - - - <br /> Property Taxes <br /> Assume constant tax rate of 5.3548% <br /> Gross Tax(Tax Rate x Net AV) - - - - - <br /> Debt Service(0.3840%of Net AV) - - - - - <br /> Local Tax Credit(12.3682%of GT-DS) - - - - - <br /> Circuit Breaker Credit - - - - <br /> Taxes Due S - S - $ - $ - $ - <br /> Circuit Breaker Cap 3% 3% 3% 3% 3% <br /> 840,360 1,260.540 1,323,567 1.134.486 966.414 <br /> ax <br /> Year Abatement New TaxProj Paid <br /> Taxes Abated Net a es <br /> 1 1009/0 $ 947.926 $ (947,926) $ - <br /> 2 100% 1,421,889 (1,421,889) - <br /> 3 100% 1,492,984 (1,492,984) - <br /> 4 100% 1,279,700 (1,279.700) - <br /> 5 100% 1.090.115 (1.090.1 15) - <br /> Years 1-5 Total: 6,232,614 (6,232,614) - <br /> Years 0-10Total: 3,531,025 - 3.531,025 <br /> *This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2023 Payable 2024. <br /> The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. <br /> Department of Community Investment <br /> 'I City of South Bend <br />