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05-13-19-R
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05-13-19-R
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Net Estimated <br />Debt Share of <br />Governmental Unit Outstanding Overlapping Debt <br />Debt repaid with property taxes <br />Ramsey County 98,073,786$ 2.51 %2,465,275$ <br />County library 26,437,422 5.00 1,322,851 <br />Independent School District No. 621 229,100,266 13.73 31,459,287 <br />Independent School District No. 623 170,245,228 0.78 1,319,847 <br />Intermediate School District No. 916 75,125,459 5.08 3,817,807 <br />Metropolitan Council 1,351,243,297 0.37 5,019,673 <br />Total overlapping debt 45,404,740 <br />City of Arden Hills – 100.00 – <br />Total direct and overlapping debt 45,404,740$ <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, 2018 <br />Estimated <br />Percentage <br />Applicable (1) <br /> <br />-87-
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