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City of Roseville — 2007 Budget <br />Debt Management Plan <br />The City of Roseville revised its debt policy in 1998. A major highlight of this policy includes <br />confining the city's borrowing to capital improvements. Those improvements must have a life that is <br />greater than or equal to the length of debt retirement. <br />The City currently has two types of debt; 1) general obligation improvement debt, and 2) general <br />obligation facility debt. Improvement debt is used for financing the city's street improvement program. <br />The debt service is supported by approximately 25% special assessment of benefited properties and 75% <br />from property taxes. The city will have three general obligation debt issues outstanding at the beginning <br />of 2007. The following schedule depicts the City's outstanding debt as of 01/01/2007. <br />Series 25 <br />1,56000 <br />177,490 <br />4.24 % <br />2015 <br />03/01/2014 <br />2010 <br />3/01/2006 <br />Series 27 <br />90000 <br />116,524 <br />3.72% <br />2011 <br />3/01/2019 <br />3/01/2013 <br />L350J11 <br />Total 1 $ 11,875,000 <br />The following table depicts the City's debt service payments by year. <br />2009 <br />98500 <br />177,490 <br />357,021 <br />2015 <br />1,342,021 <br />2010 <br />1,000,000 <br />2016 <br />325,319 <br />116,524 <br />1,325,319 <br />2011 <br />1,060,000 <br />290,111 <br />L350J11 <br />2012 1,100,000 251,146 L351J46 <br />2013 89500 213,364 1,108,364 <br />2014 <br />93500 <br />177,490 <br />1,112,490 <br />2015 <br />74000 <br />145,221 <br />885,221 <br />2016 <br />77000 <br />116,524 <br />886,524 <br />2017 80500 8604 891,004 <br />2018 84500 53,406 898,406 <br />2019 <br />88500 <br />18,253 <br />903,253 <br />Total <br />$ 11,875,000 <br />$ 2,830,458 <br />$ 14,705,458 <br />73 <br />