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CITY OF LINO LAKES, MINNESOTA
<br />LEGAL DEBT MARGIN INFORMATION
<br />Last Ten Fiscal Years
<br />Legal Debt Margin Calculation for Fiscal Year 2017
<br />Market value $1,808,417,118
<br />Applicable percentage 3%
<br />Debt limit 54,252,514
<br />Debt applicable to limit:
<br />Total bonded debt 19,976,243
<br />Less:
<br />Special assessment bonds (4,905,000)
<br />Tax abatement bonds (1,600,000)
<br />Tax increment bonds (1,625,000)
<br />Utility revenue bonds (1,420,000)
<br />10,426,243
<br />Legal debt margin $43,826,271
<br />Legal Debt Margin Calculation for Fiscal Years 2008 Through 2017
<br />Table 12
<br />155
<br />Net Debt
<br />Net Debt
<br />Legal
<br />Amount of Debt
<br />Applicable
<br />Fiscal
<br />Debt
<br />Applicable to
<br />Debt
<br />Applicable to
<br />to Limit
<br />Year
<br />Population
<br />Limit
<br />Limit
<br />Margin
<br />Debt Limit
<br />Per Capita
<br />2008
<br />19,987
<br />$60,658,830
<br />$3,804,000
<br />$56,854,830
<br />6.27%
<br />$190
<br />2009
<br />20,305
<br />64,036,746
<br />3,642,000
<br />60,394,746
<br />5.69%
<br />179
<br />2010
<br />20,216
<br />60,622,086
<br />3,386,000
<br />57,236,086
<br />5.59%
<br />167
<br />2011
<br />20,505
<br />54,123,645
<br />2,961,000
<br />51,162,645
<br />5.47%
<br />144
<br />2012
<br />20,625
<br />49,213,676
<br />4,591,000
<br />44,622,676
<br />9.33%
<br />223
<br />2013
<br />20,833
<br />45,595,717
<br />4,280,000
<br />41,315,717
<br />9.39%
<br />205
<br />2014
<br />21,129
<br />45,297,635
<br />4,191,000
<br />41,106,635
<br />9.25%
<br />198
<br />2015
<br />20,519
<br />50,830,982
<br />11,941,250
<br />38,889,732
<br />23.49%
<br />582
<br />2016
<br />20,803
<br />50,978,666
<br />10,122,081
<br />40,856,585
<br />19.86%
<br />487
<br />2017
<br />21,117
<br />54,252,514
<br />10,426,243
<br />43,826,271
<br />19.22%
<br />494
<br />155
<br />
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