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CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF LEGAL DEBT MARGIN <br />December 31, 2002 <br />(Unaudited) <br />Table 10 <br />Market Value <br />Debt Limit Percentage <br />Debt Limit <br />Total Bonded Debt <br />Less: <br />Special Assessment Bonds <br />Revenue Bonds - Enterprise Fund <br />Public Project Revenue Bonds <br />Total Debt Applicable to Debt Limit <br />Legal Debt Margin <br />2002 2001 <br />$ 1,034,432,100 $ 903,685,700 <br />2% 2% <br />20,688,642 18,073,714 <br />21,104,450 20,346,430 <br />(11,640,000) (10,195,000) <br />(3,220,000) (3,465,000) <br />(765,000) (980,000) <br />$ 5,479,450 5,706,430 <br />$ 15,209,192 $ 12,367,284 <br />