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CITY OF LINO LAKES, MINNESOTA <br />- COMPUTATION OF LEGAL DEBT MARGIN <br />December 31, 1997 <br />— (Unaudited) <br />w <br />VW. <br />Table 10 <br />Market Value <br />Debt Limit Percentage <br />1997/1998 1996/1997 <br />$627,423,800 $552,696,200 <br />2% 2% <br />Debt Limit 12,548,476 11,053,924 <br />Total Bonded Debt 13,085,000 13,318,000 <br />Less: <br />Special Assessment Bonds (7,455,000) (7,675,000) <br />Proprietary Bonds (4,215,000) (4,265,000) <br />Public Project Revenue Bonds (1,040,000) (1,065,000) <br />Cash in related Debt Service Funds (4,417) (13,703) <br />Total Debt Applicable to Debt Limit 370,583 299,297 <br />Legal Debt Margin $12,177,893 $10,754,627 <br />133 <br />