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Estimated <br />Net Debt Share of <br />Governmental Unit Outstanding Overlapping Debt <br />Debt repaid with property taxes <br />Ramsey County 96,894,334$ 2.47 %2,398,130$ <br />County library 29,071,681 4.90 1,423,602 <br />Independent School District No. 621 86,370,055 13.45 11,617,247 <br />Independent School District No. 623 44,445,765 0.78 344,694 <br />Intermediate School District No. 916 76,887,597 4.98 3,825,254 <br />Metropolitan Council 1,308,024,397 0.36 4,744,441 <br />Total overlapping debt 24,353,368 <br />City of Arden Hills – – – <br />Total direct and overlapping debt 24,353,368$ <br />(1) <br />Note: <br />Source: <br />The percentage of overlapping debt applicable is estimated using taxable assessed property values.Applicable <br />percentages were estimated by determining the portion of the county’s taxable assessed value that is within the <br />City’s boundaries and dividing it by the county’s total taxable assessed value. <br />Overlapping governments are those that coincide,at least in part,with the geographic boundaries of the City.This <br />schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the <br />residents and businesses of the City.This process recognizes that,when considering the City’s ability to issue and <br />repay long-term debt,the entire debt burden borne by the residents and businesses should be taken into account. <br />However,this does not imply that every taxpayer is a resident and,therefore,responsible for repaying the debt of <br />each overlapping government. <br />Assessed value data used to estimate applicable percentages provided by the Ramsey County Assessor.Debt <br />outstanding data provided by the county. <br />CITY OF ARDEN HILLS <br />Direct and Overlapping Governmental Activities Debt <br />as of December 31, 2017 <br />Estimated <br />Percentage <br />Applicable (1) <br /> <br />-85-