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AMIN <br />CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF LEGAL DEBT MARGIN <br />December 31, 2003 <br />(Unaudited) <br />Table 10 <br />2003 2002 <br />Market Value $ 1,251,221,800 $ 1,034,432,100 <br />Debt Limit Percentage 2% 2% <br />Debt Limit 25,024,436 20,688,642 <br />Total Bonded Debt 21,840,000 21,104,450 <br />Less: <br />Special Assessment Bonds (12,840,000) (11,640,000) <br />_ Revenue Bonds - Enterprise Fund (2,970,000) (3,220,000) <br />Public Project Revenue Bonds (680,000) (765,000) <br />Inms <br />Total Debt Applicable to Debt Limit <br />5,350,000 5,479,450 <br />Legal Debt Margin $ 19,674,436 $ 15,209,192 <br />90 <br />