Laserfiche WebLink
Table 8 <br />CITY OF ROSF.VILLE, MIN�ESOTA <br />COMPUTATION OP L�GAL DEBT ��RGIN <br />DECEti1BLR 31, 1g81 <br />Assessed Value <br />(A) Debt limit 6.667 percent of <br />Assessed Value <br />Amount of debt applicable to debt <br />limit <br />Total bonded debt <br />(B) Deduction <br />Gsneral debt service fund assets <br />Qpecial Assessment Bonds <br />General Obligation Revenue Bonds <br />Total amount of debt <br />applicable to debt limit <br />Legal Debt Margin <br />$ 171,995 <br />13,985,000 <br />315,000 <br />�269,948,296* <br />$ 15,055,000 <br />14,471,995 <br />$17,997,452 <br />583,005 <br />$17,414,447 <br />* Includes $8,903,518 negative adjustment from "Fiscal Disparity" area-wide tax <br />base. <br />Note (A) b4.S.A. Section 475.53 (see f.ollowing page) <br />Note (B) M.S.A. Section 475,51 (see following page) <br />