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Annual_Report_1985_001
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Annual_Report_1985_001
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Table 8 GITY OF ROSEVILLE, MINNESOTA <br />COMPUTATION OF LEGAL DEBT MARGIN <br />DECEMBER 31, 1985 <br />Assessed Value <br />(A) Debt limit 7.333 percent of <br />Assessed value <br />Amount of debt applicable to debt limit <br />Total bonded debt <br />(B) Deduction <br />General debt service fund assets $ 312,737 <br />Special Assessment Bonds 13,845,000 <br />General Obligation Revenue Bonds 155,000 <br />General Obligation State Aid Highway Bonds 2,225,000 <br />General Obligation Tax Increment Bonds 22,720,000 <br />Tota1 amount of debt <br />Legal Debt Margin <br />338.830,976�` <br />$39,430,000 <br />$39,257,737 <br />$24,846,475 — <br />$ 172,263 <br />$24,674,212 <br />'^Includes $29,472,531 negative adjustment from "Fiscal Disparity" area-wide tax base. <br />Note (A) M.S.A. Section 475.53 (see following page) <br />Note (B) M.S.A. Section 475.51 (see following page) <br />_g2_ <br />
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