Laserfiche WebLink
Total Net Market Value <br />Debt Limit (2.0% of Market Value) (1) <br />Amount of Debt Applicable to Debt Limit: <br />Total Gross Bonded Debt <br />Less (2): <br />Special assessment improvement bonds <br />Tax increment improvement bonds <br />CITY OF RAMSEY, MINNESOTA Table 8 <br />COMPUTATION OF LEGAL DEBT MARGIN <br />December 31, 1988 <br />Total Amount of Debt Applicable <br />to Debt Limit 25,000 <br />Legal Debt Margin $ 5,732,490 <br />(1) Minnesota State Statutes Section 475.53. <br />(2) Minnesota State Statutes Section 475.52. <br />-102- <br />$6,760,000 <br />3,275,000 <br />3,460,000 <br />6,735,000 <br />$287,874,500 <br />$ 5,757,490 <br />