Agenda - 10-15-1985 - Laserfiche WebLink

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! • L". • • • , • . • b(2) Funding and refunding bonds' authorized but not yet issued $ b(3) The amount of money held in sinking funds or otherwise for the payment of any part of the principal of gross debt other than debt incurred for water purposes or sanitary sewer purposes (to the extent that the bonds are de- ) ductible under G.S. §159-55(b)) $ b(4) Bonded debt included in gross debt • and incurred, or to be incurred, for water purposes 185,000 b(5) Bonded debt included in gross debt and incurred, or to be incurred, for sanitary sewer system purposes to the extent that said debt is made -0- deductible by G.S. §159-55(b) b(6) Uncollected special assessments heretofore levied for local im- provements for which any part of • the gross debt (that is not otherwise deducted) was or is to be incurred to the extent that such assessments will be applied, when collected, to the payment of any part of the gross debt -0- b(7) The amount, as estimated by the , of special assessments to be levied for local improvements for which any part of the gross debt (that is not • otherwise deducted) was or is to be incurred, to the extent that the •1 special assessments,, when collected, will be applied to the payment of any part of the gross debt $ -0- (b) DEDUCTIONS, being the sum of b(1), b(2), b(3), b(4), b(5), b(6) and • b(7) 185,000 • (c) NET DEBT (c) NET DEBT, being the difference between the GROSS DEBT (a) and • the DEDUCTIONS (b) $ 6,558,325 • (d) -APPRAISED_MALDE _ _ _ ------ (d) APPRAISED VALUE of property subject to municipal taxation before the application of any assessment ratio, being the value fixed in 1985 2 075 076 133 $ . 1.. .. -2-