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M <br />0 <br />2005* <br />2006* <br />CITY OF ST. ANTHONY, MINNESOTA <br />2008 <br />LEGAL DEBT MARGIN INFORMATION <br />Table 11 <br />r Last Four Fiscal Years <br />I <br />$26,094,699 <br />Legal Debt Margin Calculation for Fiscal Year 2008 <br />4,429,013 <br />Market value <br />$869,823,300 <br />Debt limit (3% of market value) <br />26,094,699 <br />Debt applicable to limit: <br />$20,352,850 <br />General obligation bonds <br />6,665,000 <br />Less: Amount set aside for repayment <br />of general obligation debt <br />(923,151) <br />Total net debt applicable to limit <br />5,741,849 <br />Legal debt margin <br />$20,352,850 <br />M <br />0 <br />2005* <br />2006* <br />2007* <br />2008 <br />Debt limit $13,406,318 <br />$14,610,820 <br />$17,870,856 <br />$26,094,699 <br />Total net debt applicable to limit 4,776,007 <br />4,429,013 <br />4,099,637 <br />5,741,849 <br />Legal debt margin $8,630,311 <br />$10,181,807 <br />$13,771,219 <br />$20,352,850 <br />Total net debt applicable to the limit as a <br />percentage of debt limit 35.63% 30.31% <br />Source: Market Value - Hennepin County and Ramsey County, Minnesota Assessor's Offices <br />Information is not available for years prior to 2005. <br />*Debt limit was 2% of market value <br />139 <br />30.31% 22.00% <br />