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EXHIBIT B
<br />CITY OF SOUTH BEND
<br />South Bend, Indiana
<br />(1) Interest rates presented on this debt service schedule are estimated and subject to change. We make no
<br />assertion that these rates will be the actual interest rates achieved at the time debt is issued by the City.
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<br />Proposed Economic Development Income Tax Bonds of 2015
<br />Estimated Amortization Schedule
<br />Fiscal
<br />Date
<br />Principal
<br />Rate (1)
<br />Interest
<br />Total
<br />Total
<br />8/1/15
<br />$ 90,000
<br />1.80
<br />% $ 89,408
<br />$ 179,408
<br />2/1/16
<br />90,000
<br />1.80
<br />107,930
<br />197,930 $
<br />377,338
<br />8/1/16
<br />100,000
<br />2.05
<br />107,120
<br />207,120
<br />2/1/17
<br />105,000
<br />2.05
<br />106,095
<br />211,095
<br />418,215
<br />8/1/17
<br />105,000
<br />2.40
<br />105,019
<br />210,019
<br />2/1/18
<br />105,000
<br />2.40
<br />103,759
<br />208,759
<br />418,778
<br />8/1/18
<br />110,000
<br />2.75
<br />102,499
<br />212,499
<br />2/1/19
<br />105,000
<br />2.75
<br />100,986
<br />205,986
<br />418,485
<br />8/1/19
<br />105,000
<br />3.05
<br />99,543
<br />204,543
<br />2/1/20
<br />115,000
<br />3.05
<br />97,941
<br />212,941
<br />417,484
<br />8/1/20
<br />110,000
<br />3.35
<br />96,188
<br />206,188
<br />2/1121
<br />115,000
<br />3.35
<br />94,345
<br />209,345
<br />415,533
<br />8/1/21
<br />115,000
<br />3.65
<br />92,419
<br />207,419
<br />211/22
<br />120,000
<br />3.65
<br />90,320
<br />210,320
<br />417,739
<br />8/1/22
<br />125,000
<br />3.80
<br />88,130
<br />213,130
<br />2/1/23
<br />120,000
<br />3.80
<br />85,755
<br />205,755
<br />418,885
<br />8/1/23
<br />125,000
<br />3.90
<br />83,475
<br />208,475
<br />2/1/24
<br />125,000
<br />3.90
<br />81,038
<br />206,038
<br />414,513
<br />8/1/24
<br />130,000
<br />4.00
<br />78,600
<br />208,600
<br />2/1/25
<br />130,000
<br />4.00
<br />76,000
<br />206,000
<br />414,600
<br />8/1/25
<br />140,000
<br />4.10
<br />73,400
<br />213,400
<br />2/1/26
<br />135,000
<br />4.10
<br />70,530
<br />205,530
<br />418,930
<br />8/1/26
<br />140,000
<br />4.15
<br />67,763
<br />207,763
<br />2/1/27
<br />145,000
<br />4.15
<br />64,858
<br />209,858
<br />417,621
<br />8/1/27
<br />145,000
<br />4.25
<br />61,849
<br />206,849
<br />2/1/28
<br />150,000
<br />4.25
<br />58,768
<br />208,768
<br />415,617
<br />8/1/28
<br />155,000
<br />4.30
<br />55,580
<br />210,580
<br />2/1/29
<br />155,000
<br />4.30
<br />52,248
<br />207,248
<br />417,828
<br />8/1/29
<br />165,000
<br />4.35
<br />48,915
<br />213,915
<br />2/1/30
<br />160,000
<br />4.35
<br />45,326
<br />205,326
<br />419,241
<br />8/1/30
<br />165,000
<br />4.40
<br />41,846
<br />206,846
<br />2/1/31
<br />170,000
<br />4.40
<br />38,216
<br />208,216
<br />415,062
<br />8/1/31
<br />175,000
<br />4.45
<br />34,476
<br />209,476
<br />2/1/32
<br />175,000
<br />4.45
<br />30,583
<br />205,583
<br />415,059
<br />8/1/32
<br />185,000
<br />4.55
<br />26,689
<br />211,689
<br />2/1/33
<br />185,000
<br />4.55
<br />22,480
<br />207,480
<br />419,169
<br />8/1/33
<br />190,000
<br />4.60
<br />18,271
<br />208,271
<br />2/1/34
<br />195,000
<br />4.60
<br />13,901
<br />208,901
<br />417,172
<br />8/1/34
<br />205,000
<br />4.65
<br />9,416
<br />214,416
<br />2/1/35
<br />200,000
<br />4.65
<br />4,650
<br />204,650
<br />419,066
<br />Totals
<br />$ 5,580,000
<br />$ 2,726,335
<br />$ 8,306,335
<br />(1) Interest rates presented on this debt service schedule are estimated and subject to change. We make no
<br />assertion that these rates will be the actual interest rates achieved at the time debt is issued by the City.
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