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Debt a�;*+;stration <br />Summarv of Outstandina Debt <br />Net bonded debt per capita, and the percentage of net debt to <br />aeseesed value and to market value are ueeful indicators of the <br />City'e debt poaition. Debt statiatics for the City as of Decem- <br />ber 31, 1992, as ehown in Table 9, are ae follows: <br />Net Direct <br />Debt <br />Net Over- <br />Lapping <br />Debt <br />Total 1992 <br />Percent of <br />Amount Tax Ca�acitv <br />$32,330,621 <br />S15,345,872 <br />$47,676,493 <br />76.33� <br />37.18� <br />115.51� <br />Percent of <br />Market Value <br />1.94� <br />.92� <br />2.86$ <br />Debt Per <br />Caflita <br />$ 965.29 <br />S 458.18 <br />51.423.48 <br />Total 1991 $46,987,587 111.04� 2.85� 51.403.24 <br />Net direct debt ie based on Roseville's outstanding indebtedneea, <br />less caeh and inveatments on hand. Net overlapping debt is <br />Roseville's pro-rata share of bonded indebtedness for the county, <br />echool dietricts, and other governmental agencies that levy taxes <br />within the City. <br />Under etate law, the City's 1992 debt limit is $33,345,508 of <br />which the City has 99� available margin. Much of the debt the <br />City hae ieeued is outside of the computation and does not apply <br />to the limitation. <br />The City's bond rating on December 31, 1992, ie as follows: <br />City's Sonde <br />Moody's <br />Investor <br />Service <br />Aal <br />Standard <br />& <br />Poor's <br />AA- <br />Public Improvement bonde in the amount of $2,200,000 were iseued <br />ia 1992. Ia addition, $20,035,000 of tax increment bonde were <br />refunded in 1992. The City retired $1,555,000 of bonde, leaving <br />an outstanding iadebtedness on December 31, 1992 of $36,805,000. <br />Following ie a tabulation of bonds iesued since January 1, 1985 <br />and still outetanding. <br />15 <br />