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<br />Overlapping Debt
<br /> 2002/2003
<br /> 2002/2003 Net Tax
<br /> Net Tax Capacity Percentage Taxpayer's
<br /> Capacity Value Applicable Share
<br />Issuer Value(1) in City(1) in City Net Debt of Debt
<br />Anoka County $ 206,920,412 $2,104,563 1.02% $ 65,723,563(2) $ 670,380
<br />ISD No. 12, Centennial 18,817,233 2,104,563 11.18 90,789,577(3) 10,150,275
<br />NMISD No. 916 368,172,360 2,104,563 .57 14,697,244(4) 83,774
<br />Metropolitan Council 1,927,292,970 2,104,563 .11 20,352,000(5) 22,387
<br />Metro Transit 1,675,944,134 2,104,563 .13 132,683,000(6) 172.488
<br /> Total Overlapping Debt: $11.099.304
<br />
<br />(1) Net tax capacity value is after tax increment and fiscal disparity contribution adjustments, but before fiscal disparity distribution.
<br />(2) Anoka County has bond indebtedness of $71,075,000 as of December 2, 2002 and sinking funds of $5,351,437 as of November 30,
<br />2002.
<br />(3) ISD No. 12, Centennial, reported bond indebtedness of $95,465,000 and sinking funds of $4,675,423 as of December 31, 2002.
<br />(4) NMISD No. 916, reported bond indebtedness of $15,960,000 and sinking funds of $1,262,756 as of June 30,2002.
<br />(5) Deductions: (A) $588,220,618 Metropolitan Waste Control Commission Debt as of December 31, 2002.
<br />Note 1; Debt Service on A above is 100% self supported from revenues of the Metro Sanitary Sewer System, although the bonds
<br />are full faith and credit bonds. Sinking funds of $11,192,000 and escrow funds of $19,250,000 have not been deducted
<br />because said funds are attributable to A above. Sinking fund/escrow balances are as of December 31, 2002.
<br />Note 2: The only tax supported bond indebtedness is $28,800,000 as of December 31, 2002 and sinking funds of $8,448,000 as
<br />of December 31, 2002.
<br />(6) Metro Transit has bond indebtedness of $178,700,000 with sinking funds of $43,189,000 and escrow funds of $2,828,000 as of
<br />December 31, 2002.
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