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City of South Bend, Indiana
<br /> Major Moves Fund 412 Interfund Loan to NE Residential TIF Fund 436
<br /> Triangle Development
<br /> Interfund Loan Amortization Schedule
<br /> March 14, 2011
<br /> Original Principal -$1,513,920 (costs paid by Major Moves Fund) Revised
<br /> Payments -Semi-annual, beginning August 15, 2014 through February 15, 2029.
<br /> Thirty (30) payments. Interest rate-2%.
<br /> NE Residental TIF Expenditures -#436-1050-460-38-01 (Principal), #436-1050-460-38-02(Interest)
<br /> Major Moves Revenue -#412-0000-399-02.06 (Principal),#412-0000-399-02-07 (Interest)
<br /> Payment- $60,371.00
<br /> 2%
<br /> Beginning 2% Unpaid Ending
<br /> Payment Payment Principal Total Interest Principal Capitalized Principal
<br /> Number Date Balance Paid Paid Paid Interest Balance
<br /> 2/28/2013 1,513,920.00 0.00 0.00 0.00 44,130.00 1,558,050.00
<br /> 1 8/15/2014 1,558,050.00 60,371.00 15,580.50 44,790.50 0.00 1,513,259.50
<br /> 2 2/15/2015 1,513,259.50 60,371.00 15,132.60 45,238.41 0.00 1,468,021.10
<br /> 3 8/15/2015 1,468,021.10 60,371.00 14,680.21 45,690.79 0.00 1,422,330.31
<br /> 4 2/15/2016 1,422,330.31 60,371.00 14,223.30 46,147.70 0.00 1,376,182.61
<br /> 5 8/15/2016 1,376,182.61 60,371.00 13,761.83 46,609.17 0.00 1,329,573.44
<br /> 6 211512017 1,329,573.44 60,371.00 13,295.73 47,075.27 0.00 1,282,49817
<br /> 7 8/15/2017 1,282,498.17 60,371.00 12,824.98 47,546.02 0.00 1,234,952.15
<br /> 8 2/15/2018 1,234,952.15 60,371.00 12,349.52 48,021.48 0.00 1,186,930.67
<br /> 9 8/15/2018 1,186,930.67 60,371.00 11,869.31 48,501.69 0.00 1,138,428.98
<br /> 10 2/15/2019 1,138,428.98 60,371.00 11,384.29 48,986.71 0.00 1,089,442.27
<br /> 11 8/15/2019 1,089,442.27 60,371.00 10,894.42 49,476.58 0.00 1,039,965.69
<br /> 12 2/15/2020 1,039,965.69 60,371.00 10,399.66 49,971.34 0.00 989,994.35
<br /> 13 8/15/2020 989,994.35 60,371.00 9,899.94 50,471.06 0.00 939,523.29
<br /> 14 2/15/2021 939,523.29 60,371.00 9,395.23 50,975.77 0.00 888,547.53
<br /> 15 8/1512021 888,547.53 60,371.00 8,685.48 51,485.52 0.00 837,062.00
<br /> 16 2/15/2022 837,062.00 60,371.00 8,370.62 52,000.38 0.00 785,061.62
<br /> 17 8/15/2022 785,061.62 60,371.00 7,850.62 52,520.38 0.00 732,541.24
<br /> 18 2/15/2023 732,541.24 60,371.00 7,325.41 53,045.59 0.00 679,495.65
<br /> 19 8/15/2023 679,495.65 60,371.00 6,794.96 53,576.04 0.00 625,919.61
<br /> 20 2/15/2024 625,919.61 60,371.00 6,25920 54,111.80 0.00 571,807.80
<br /> 21 8/15/2024 571,807 80 60,371 00 5,718.08 54,652.92 0.00 517,154.88
<br /> 22 2/15/2025 517,154.88 60,371.00 5,171.55 55,199.45 0.00 461,955.43
<br /> 23 8/15/2025 461,955.43 60,371.00 4,619.55 55,751.45 0.00 406,203.98
<br /> 24 2/15/2026 406,203.98 60,37100 4,062.04 56,308.96 0.00 349,895.02
<br /> 25 8/15/2026 349,895.02 60,37100 3,498.95 56,872.05 0.00 293,022.97
<br /> 26 2/15/2027 293,022.97 60,371.00 2,930.23 57,440.77 0.00 235,582.20
<br /> 27 8/15/2027 235,582.20 60,371.00 2,355.82 58,015.18 0.00 177,567.02
<br /> 28 2/15/2028 177.567.02 60,371.00 1,775.67 58,595.33 0.00 118,971.69
<br /> 29 8/15/2028 118,97L69 60,371.00 1,189.72 59,181.28 0.00 59,790.41
<br /> 30 2115/2029 59,790.41 60,38832 597.90 59,790.42 0.00 (0.00)
<br /> Total 1,811,147.32 253,097.32 1,558,050.00 44,130.00
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