|
Summary of Debt
<br /> Gross Less: Debt Net •
<br /> Debt Service Funds(a) Direct Debt
<br /> G.O. Debt Supported Primarily by
<br /> Special Assessments $3,445,000 $ (713,042) $2,731,958
<br /> G.O. Debt Supported by Tax Increments 4,065,000 (1,478,952) 2,586,048
<br /> Revenue Debt 895,000 -0-(b) 895,000
<br /> (a) Debt service funds are as of December 31, 1998 and include money to pay both principal and interest.
<br /> (b) Debt service is paid directly from net revenues of the City's Liquor Enterprise.
<br /> Indirect Debt
<br /> Debt Applicable to
<br /> 1997 Taxable G.O. Debt Tax Capacity in City
<br /> Taxing Unit(a) Net Tax Capacity As of 1-2-99(b) Percent Amount
<br /> Hennepin County $1,041,418,995 $178,385,000 0.38% $ 677,863
<br /> Ramsey County 349,842,601 123,205,000 0.54 665,307
<br /> ISD 282 (St. Anthony-
<br /> New Brighton) 7,058,689 5,755,000 83.53 4,807,152
<br /> Northeast Metro
<br /> Intermediate District 375,454,974 5,135,000 0.51 26,189
<br /> Hennepin County
<br /> Park District 763,031,572 10,415,000 0.52 54,158
<br /> Metropolitan Council 2,102,309,970 32,035,000(x) 0.28 89,698
<br /> Metropolitan Transit
<br /> District 1,878,470,023 85,675,000 0.31 265.593
<br /> Total $6,585,960
<br /> (a) Only those taxing units which have outstanding general obligation debt are presented here.
<br /> (b) Excludes general obligation debt supported by revenues and revenue-supported debt.
<br /> (c) Metropolitan Council also has outstanding $281,855,000 of general obligation sewer bonds and loans
<br /> which are supported by sewer system revenues.
<br /> Debt Ratios Including This Issue
<br /> G.O. Net G.O. Indirect &
<br /> Direct Debt' Net Direct Debt
<br /> To 1997 Indicated Market Value ($364,196,638) 1.46% 3.27%
<br /> Per Capita (8,425 - 1997 State Demographer's Estimate) $631 $1,413
<br /> Excludes revenue debt.
<br /> I
<br /> - 12 -
<br />
|