Laserfiche WebLink
CITY OF LINO LAKES, MINNESOTA <br />COMPUTATION OF LEGAL DEBT MARGIN <br />December 31, 1998 <br />(Unaudited) <br />Table 10 <br />1998/1999 1997/1998 <br />Market Value $687,417,400 $627,423,800 <br />Debt Limit Percentage 2% 2% <br />Debt Limit 13,748,348 12,548,476 <br />Total Bonded Debt 24,152,734 13,085,000 <br />Less: <br />Special Assessment Bonds (13,215,000) (7,455,000) <br />Revenue Bonds - Enterprise Fund (4,075,000) (4,215,000) <br />Public Project Revenue Bonds (6,350,000) (1,040,000) <br />Cash in related Debt Service Funds (8,893) (4,417) <br />Total Debt Applicable to Debt Limit 503,841 370.583 <br />Legal Debt Margin $13,244,507 $12,177,893 <br />131 <br />