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M <br />E� <br />E <br />City of Roseville — 2011 Budget <br />... ... ... ... ... . <br />. ... ... ... ... ... ... ... ... ... ... ... ... ... ... <br />I W <br />Nk 1m <br />mf�=_ - 3 <br />2D1 1 2013 2015 2017 2019 2021 2023 2025 <br />Legal Debt Limit <br />Minnesota State Statutes Section 475.51 generally limits net debt to no more than three percent of the <br />estimated market value of the taxable property within the municipality. A number of categories of debt <br />are not included within the net debt calculation. The City's debt limit 'is calculated as follows: <br />WA VFW M <br />Estimated market value <br />Wrebt Limit (3% of total estimated markety�4ue)_ 1 13356543878 <br />Total Outstanding Debt <br />r-,e.ss amount backed by special assessments <br />Total net debt applicable to limit $9770004, <br />As shown in the above table,, the City is well below its allowable debt limit. <br />hE6*i <br />