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CITY OF ST. ANTHONY, MINNESOTA <br />LEGAL DEBT MARGIN INFORMATION <br />Last Ten Fiscal Years <br />Legal Debt Margin Calculation for Fiscal Year 2014 <br />Market value <br />Debt limit (3% of market value) <br />Debt applicable to limit: <br />General obligation bonds <br />Less: Amount set aside for repayment <br />of general obligation debt <br />Total net debt applicable to limit <br />Legal debt margin <br />2005* <br />Debt limit $ 13,406,318 <br />Total net debt applicable to limit 4,776,007 <br />Legal debt margin $ 8,630,311 <br />2006* <br />$ 14,610,820 <br />4,429,013 <br />$ 10,181,807 <br />2007* <br />$ 17,870,856 <br />4,099,637 <br />$ 13,771,219 <br />Total net debt applicable to the limit as a <br />percentage of debt limit 35.63% 30.31% 22.94% <br />Source: Market Value - Hennepin County and Ramsey County, Minnesota Assessor's Offices <br />*Debt limit was 2% of market value. <br />144 <br />