Laserfiche WebLink
CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF LEGAL DEBT MARGIN <br />December 3 I , 2005 <br />(Unaudited) <br />Table 10 <br />2005 2004 <br />Market Value $ 1,534,933,700 $ 1,430,803,500 <br />Debt Limit Percentage 2% 2 %, <br />Debt Limit 30,698,674 28,616,070 <br />Total Bonded Debt 27,165,000 20,049,000 <br />Less: <br />Special Assessment Bonds (19,405,000) (11,580,000) <br />Revenue Bonds - Enterprise Fund (2,425,000) (2,705,000) <br />Public Project Revenue Bonds (490,000) (595,000) <br />Total Debt Applicable to Debt Limit <br />Legal Debt Margin <br />96 <br />4,845,000 5,169,000 <br />$ 25,853,674 $ 23,447,070 <br />