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Taxing Jurisdiction Outstanding Percent General Obligation Applicable Indebtedness to City Amount Applicable to City St. Louis County University City School District $116,545,000.00 2.4% 28,488,041.00 96.4 $ 2,797,080.00 27,462,471.52 TOTALS $145.033.04 I. 0~0 Source: Taxing jurisdictions' records and telephone surveys. Other Obligations of the City On January 24, 2000, the City approved the issuance of a $2,467,278 tax increment revenue anticipation note to construct certain public improvements for the New Olive East project. On July 16, 2001, the City approved the issuance of an additional $41,910 tax increment revenue anticipation note to construct certain public improvements for the New Olive East project, for a total of $2,509,188. Interest on the notes is payable semi-annually on March I and September 1 beginning in the year 2001, with a final ~naturity date of March 1, 2009. The notes and interest thereon are special limited obligations of the City, payable solely from payments in lieu of taxes attributable to the increase in assessed value of real property, incremental increases in economic activity taxes in the project area and monies on deposit in the City's Special Allocation Fund. The notes do not constitute a general obligation of the City. History of Debt Payment The City has never defaulted on any indebtedness. SALES AND PROPERTY TAX INFORMATION Local Park Sales Tax In November 2001, the City passed a one-quarter cent local park sales tax that went into effect in April 2002. In November 2002, the City increased the local park sale tax by an additional quarter-cent that went into effect in April 2003. The following table represents the collection history of the City's local park sales tax: Fiscal Year ending Total Amount June 30 Collected 2002 $ 43,245 2003 6 i 6,931 2004 284,548 Represents collections from the middle of May 2002 through June 30, 2002. Represents collections from July I, 2003 through September 30, 2003. -19-