Agenda - Council - 10/12/1993 - Laserfiche WebLink

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Advisor is an independent advisory firm and is not engaged in the business of underwriting, trading or distributing municipal securities or other public securities and therefore will not participate in the underwriting of the Bonds. Certification The City has authorized the distribution of this Official Statement for use in connection with the initial sale of the Bonds. As of the date of the settlement of this Issue, the Purchaser will be furnished with a certificate signed by the appropriate officers of the City. The certificate will state that as of the date of the Official Statement, it did not and does not as of the date of the certificate contain any untrue statement of material fact or omit to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. CiTY PROPERTY VALUES 1992 Indicated Market Value of Taxable Property: $432,431,987' * Calculated by dividing the county assessor's estimated market value of $396,107,700 by the 1992 sales ratio of 91.6% for the City as determined by the State Department of Revenue. 1 992 Taxable Net Tax Capacity: $6,701,210 1992 Net Tax Capacity Less: Captured Tax Increment Tax Capacity Contribution to Fiscal Disparities Plus: Distribution from Fiscal Disparities 1992 Taxable Net Tax Capacity $6,402,126 (844,937) (698,605) 1,842,626 $6,701,21 0 1992 Taxable Net Tax Capacity by Class of Property Residential Homestead Residential Non-Homestead Commercial, Industrial, Public Utility, and Personal Property* Agricultural $3,868,614 57.7% 445,O85 6.6 2,241,906 33.5 145,605 2.2 Total $6,701,21 0 Includes adjustments for fiscal disparities and captured tax increment tax capacity. 1 00.0% -4-