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CITY OF LINO LAKES, MINNESOTA DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT As of December 31, 2012 Table 10 Estimated Estimated Share of Debt Percentage Overlapping Outstanding Applicable Debt Overlapping: Anoka County $ 156,865,958 6.6% $ 10,288,289 ISD 12 50,645,000 46.5% 23,534,395 ISD 624 92,180,000 3.5% 3,197,863 ISD 831 26,740,000 7.6% 2,043,174 Metropolitan Council 1,396,829,257 0.6% 8,274,700 Anoka County Railroad Authority 27,440,000 6.6% 1,799,697 Total Overlapping 49,13 8,118 City of Lino Lakes Direct Debt $ 19,280,000 100% 19,280,000 Total Direct and Overlapping Debt: $ 68,418,118 Sources: Taxable value data used to estimate applicable percentages provided by the County Property Appraiser. Debt outstanding data provided by each governmental unit. Notes: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government. Determined by ratio of net tax capacity (after fiscal disparities and tax increment adjustment) of property subject to taxation in overlapping unit to valuation of property subject to taxation in City. 105