Laserfiche WebLink
CITY OF LINO LAKES, MINNESOTA <br />DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br />As of December 31, 2009 <br />Table 10 <br />Overlapping: <br />Anoka County <br />ISD 12 <br />ISD 624 <br />ISD 831 <br />Metropolitan Council <br />Anoka County Railroad Authority <br />Total Overlapping <br />City of Lino Lakes Direct Debt <br />Total Direct and Overlapping Debt: <br />Estimated <br />Estimated Share of <br />Debt Percentage Overlapping <br />Outstanding Applicable Debt <br />$ 183,641,649 6.5% $ 12,024,052 <br />99,350,000 47.4% 47,118,665 <br />110,595,000 3.5% 3,875,483 <br />38,145,000 7.8% 2,970,864 <br />229,420,000 0.6% 1,477,128 <br />30,990,000 6.5% 2,029,090 <br />69,495,282 <br />$ 3,732,000 100% 3,732,000 <br />$ 73,227,282 <br />Sources: Taxable value data used to estimate applicable percentages provided by the County Property Appraiser. Debt <br />outstanding data provided by each governmental unit. <br />Notes: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This <br />schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and <br />businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long -term debt, the <br />entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every <br />taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government. <br />Does not include general obligation debt supported by special assessments, utility revenues, <br />tax or aid anticipation certificates, State -aid road or revenue debt. <br />Determined by ratio of net tax capacity (after fiscal disparities and tax increment adjustment) <br />of property subject to taxation in overlapping unit to valuation of property subject to taxation in City. <br />104 <br />