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April 16, 2014 <br />RE: South Bend Redevelopment Authority Lease Rental revenue Bond of 2008(Eddy Street Commons <br />Project). <br />Dear Ms. Edwards, <br />Attached please find the following: 1) Eddy Street Commons Insurance Binder for period of March 2, <br />2014 through June 2, 2014, Showing Building and Infrastructure insured-at $36,000,000.00, and Business <br />income & Rental Value insured at $15,000,000.00.2) Most recent repla ement cost estimate by Carl <br />Walker showing full replacement cost of $22,100,000.00. 3) Current amortization schedule showing <br />principal of $33,540,000.00 and Interest of $942,334.00, for a total liability of $34,482,334.00. <br />It is our opinion we have satisfied the Certificate of replacement cost or property of Section 6.02a of the <br />trust agreement by providing you with the above information. Please review the attached information If <br />you require additional information or have any questions please contact John March at 574- 235 -5839 <br />Email Jmarch @southbend in.gov. <br />arh <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />t, <br />