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<br /> <br /> <br /> <br /> EXHIBIT B <br /> TO ORDINANCE <br /> <br /> DEBT STATEMENT <br /> <br /> (1) The aggregate principal amount of all outstanding General <br /> Obligation bonds and notes of the City; <br /> <br /> Notes Outstanding: $ 0 <br /> Bonds Outstanding $1,270,000 $1,270,000 <br /> <br /> (2) Deductions, if any, permitted by the Constitution and general <br /> laws (debt service fund balance as of November 20, 2009) (116,264) <br /> <br /> (3) The amount of existing net indebtedness $1,153,736 <br /> (4) The amount of net indebtedness after the issuance of the <br /> Bonds authorized by such bond ordinance $4,153,736 <br /> <br /> (5) The assessed valuation of taxable tangible property within the City as <br /> shown by the last completed assessment for state and county purposes $634,078,973 <br /> <br /> (6) The aggregate principal amount of bonds and notes the City <br /> may issue pursuant to law: <br /> City Purposes Special Purposes <br /> Basic Limit Additional Limit <br /> 2008 Assessed Value $634.078,973.00 634.078.973.00 <br /> <br /> Debt Limit - 10% of Assessed Value 63,407,897.30 63.407.897.30 <br /> Less: General Obligation Bonds -$1,270,000.00 - <br /> Legal Debt Margin 62.137.897.30 63.407.897.30 <br /> <br /> <br /> The foregoing is sworn to be a true and complete <br /> statement this 30th day of November, 2009. <br /> <br /> <br /> J K. Watson <br /> D ety City Manager, Director of Finance <br /> <br /> Subscribed and sworn to before me, a Notary <br /> Public, this 30th day of November 2009. <br /> i <br /> Not Pub c <br /> My Commission expires: <br /> <br /> JOYCE PUMM <br /> Notary Public - Notary Seal <br /> State of Missouri <br /> Commissioned for ST. LOUIS Gouty <br /> MY Commission Expires: Apr. 22, 201 'i <br /> -5- COMMISsiok #p7389284 <br />