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CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF LEGAL DEBT MARGIN <br />December 31, 1999 <br />(Unaudited) <br />Table 10 <br />1999 1998 <br />Market Value $ 687,737,400 $ 627,423,800 <br />— Debt Limit Percentage 2% 2% <br />Debt Limit 13,754,748 12,548,476 <br />Total Bonded Debt 25,499,570 24,152,734 <br />_ Less: <br />Special Assessment Bonds (14,045,000) (13,215,000) <br />Revenue Bonds - Enterprise Fund (4,550,000) (4,075,000) <br />Public Project Revenue Bonds (6,330,000) (6,350,000) <br />Cash in related Debt Service Funds (29,726) (8,893) <br />Total Debt Applicable to Debt Limit <br />$ 544,844 503,841 <br />Legal Debt Margin $ 13,209,904 $ 12,044,635 <br />