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City of Ramsey <br />Direct and Overlapping Governmental Activities Debt <br />As of December 31, 2010 <br />Estimated <br />Estimated Share of <br />Debt Percentage Overlapping <br />Governmental Unit Outstanding Applicable(1) Debt <br />Debt repaid with property taxes: <br />Anoka County $ 183,641,649 6.41% $ 11,775,667 <br />ISD No. 11, Anoka - Hennepin 214,431,689 8.81% 18,899,709 <br />ISD No. 728, Elk River 326,140,000 3.95% 12,893,036 <br />Metropolitan Council 1,154,165,500 0.89% 10,272,073 <br />Anoka County RR Authority 30,990,000 6.43% 1,991,250 <br />Subtotal, overlapping debt 55,831,735 <br />City of Ramsey direct debt 25,030,000 100.00% 25,030,000 <br />Total direct and overlapping debt $ 80,861,735 <br />Sources: Assessed value data used to estimate applicable percentages provided by the County Board <br />of Equalization and Assessment. Debt outstanding data provided by the county. <br />Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries <br />of the city. This schedule estimates the portion of the outstanding debt of those overlapping <br />governments that is borne by the residents and businesses of the City of Ramsey. This process <br />recognizes that, when considering the government's ability to issue and repay long -term <br />debt, the entire debt burden borne by the residents and businesses should be taken into account. <br />However, this does not imply that every taxpayer is a resident, and therefore responsible for <br />repaying the debt, of each overlapping government. <br />(1) The percentage of overlapping debt applicable is estimated using taxable assessed property values. <br />Applicable percentages were estimated by determining the portion of the county's taxable assessed <br />value that is within the city's boundaries and dividing it by the county's total taxable <br />assessed value. <br />