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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 162,770,434$ 2.30 %3,741,128$ <br />County library 16,037,406 4.62 741,402 <br />Independent School District No. 621 181,452,685 12.59 22,841,091 <br />Independent School District No. 623 133,937,381 0.74 993,307 <br />Metropolitan Council 1,581,725,568 0.33 5,255,559 <br />Total overlapping debt 33,572,487 <br />City of Arden Hills – 100.00 – <br />Total direct and overlapping debt 33,572,487$ <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, 2022 <br />Estimated <br />Percentage <br />Applicable (1) <br />-88-