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Direct Debt Issuance Limitation <br />The City is limited to the issuance of direct general obligation debt in an amount not to <br />exceed 2% of one -third of the assessed valuation. The Bonds being issued herein are <br />subject to the 2% debt limitation. <br />Net Assessed Valuation - 2013 Payable Year 2014 $ 2,181,510,508 <br />2% of One -Third Thereof 14,543,403 <br />Less Bonds subject to limitation: <br />County Economic Development Income Tax Refunding Revenue <br />Bonds,Series 2006 A $ (1,060,000) <br />Taxable County Economic Development Income Tax Refunding <br />Revenue Bonds,Series 2006 B (995,000) <br />Economic Development Income Tax Bonds of 2015 (1) (5,580,000) <br />Issuance Margin $ 6,908,403 <br />(1) To be issued herein. <br />Per Capita and Debt Ratio Analysis <br />Population - 2010 101,168 <br />Assessed Valuation (2013 Payable Year 2014) $ 2,181,510,508 <br />Ratio of <br />Debt Per Debt/Assessed <br />Description Amount Capita Valuation <br />Total Direct Debt and Lease Obligations $ 5,580,000 $ 55.16 0.26% <br />Total Overlapping and Underlying Direct <br />Debt and Lease Obligations 150,738,061 1,489.98 6.91 <br />Totals S 156,318,061 $ 1,545.14 7 17 % <br />Hotel -Motel Tax Revenue Debt <br />Issue Original Final Outstanding as of <br />Date Amount Matur November 1. 2014 Title <br />Lease Rental Revenue Refunding Bonds, <br />2013 $3,990,000 05/01/26 $ 3,750,000 Series 2013 ( Centry Center Project) <br />LID <br />