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The City's gross direct general oblj~tion debt currendy outstanding is $1,216,000, or
<br />4.90% of ~ year 1968-69 assessed valuation. Upon delivery of the $535,000 in bonds
<br />hereby offered, the City's gross direct debt will be 7.05% of ~ valuation.
<br />
<br /> A statement of direct general obligation debt service is ~hown in Table VII. A com-
<br />plete statement of direct and overlapping debt ratio~ is shown in Table VIII.
<br />
<br />Year of PrincJ~al P~nclpal
<br />1969 $535,000 S 26,750 $
<br />1970 535,000 26,750 5,OOO
<br />1971 53O,00O 26,500 5,000
<br />1972 ' 525,OO0 26,250 5,0OO
<br />1973 520,0OO 26,000 10,0OO
<br />1974 510,000 25,500 10,000
<br />1975 5OO,OOO 25,OO0 IO,OOO
<br />1976 490,000 24,500 15,000
<br />1977 475,000 23,750 15,000
<br />1978 460,OO0 23,OO0 15,000
<br />1979 445,OO0 22,250 15,000
<br />1980 430,000 21,500 15,000
<br />1981 415,000 20,750 15,000
<br />1982 400,000 20,000 15,000
<br />1983 385,OO0 19,250 15,000
<br />1984 370,0OO 18,500 15,000
<br />1985 355,0OO 17,~/50 20,000
<br />1986 335,000 16,750 20,000
<br />1987 315,000 15,750 20,OOO
<br />1988 295,1300 14,750 20,OO0
<br />1989 275,OO0 13,750 20, .000
<br />1990 255,0OO 12,750 25,000
<br />1991 230,000 11,500 25,000
<br />1992 205,000 10,250 25,000
<br />1993 180,000 9,000 25,000
<br />1994 155,000 7,750 30,OO0
<br />1995 125,000 6,250 30,000
<br />1996 95,000 4,750 30,000
<br />1997 65,0OO 3,250 30,OOO
<br />1998 35,ooo 1,750 35,00o
<br /> $522,250 $535,ooO
<br />
<br />*~tin~ted It 5%.
<br />
<br />$ 26,750 $ 73,303.75
<br />31,750 77,800.00
<br />31,500 76,990.00
<br />31,250 82,180.00
<br />36,OO0 87,OO3.75
<br />35,500 80,578.75
<br />35,OOO ~4,215.OO
<br />39,500 83,525.OO
<br />38,750 87,000.00
<br />38,OO0 85,125.00
<br />37,250 85,432.50
<br />36,500 76,710.00
<br />35,750 80,110.OO
<br />35,000 79,26O.OO
<br />34,250 78,375.OO
<br />33,5OO 69,455:OO
<br />37,750 '67,705.OO
<br />36,750 66,060.00
<br />35,750 69,415.00
<br />34,750 ./67,535.OO
<br />33,750 70,635.00
<br />37,750 68,497.50
<br />36,5oo 66,360.oo
<br />35,25o 69,2oo.oo
<br />34,000 ..__66~66 800.OO
<br />31,750 69,400.00
<br />36,250 66,760.00
<br />34,750 69,120.00
<br />33,250 71,2d0.00
<br />36,750 68,120.00
<br />$1,057,256 $2,243,911.2~
<br />
<br /> Total
<br />
<br /> Serff~
<br /> $ loo,053.75
<br /> 109,550.00
<br /> 108,490.00
<br /> 113,430.00
<br /> 123,OO3.75
<br /> 116,078.75
<br /> 119,215.00
<br /> 123,025.00
<br /> 125,750.00
<br /> 123,125.00
<br /> 122,682.50
<br /> 113,210.OO
<br /> 115,860.00
<br /> 114,260.00
<br /> 112,625.OO
<br /> 102,955.00
<br /> 105,455.00
<br /> 102,810.00
<br /> 105,165.00
<br /> 102,285.00
<br /> lO4,385.oo
<br /> 106,247.50
<br /> 102,860.OO
<br /> 104,450.00
<br /> loo,8OO.OO
<br /> 107,150,OO
<br /> 103,010.00
<br /> 103,870.00
<br /> 104,490.00
<br /> 104,870.00
<br />$3,301,161.25
<br />
<br />
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