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EXHIBIT B <br /> TO ORDINANCE <br /> DEBT STATEMENT <br /> (1) The aggregate principal amount of all outstanding General Obligation bonds and notes of the <br /> City: <br /> Notes Outstanding: $ 0 <br /> Bonds Outstanding: 230,000 $230,000 <br /> (2) Deduction, if any, permitted by the Constitution and general laws <br /> (debt service fund balance as of December 30,2014) (168,353) <br /> (3) The amount of existing net indebtedness 61,647 <br /> (4) The amount of net indebtedness after the issuance of the bonds authorized <br /> by such bond ordinance 20,061,647 <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 568,971,631 <br /> (6) The aggregate principal amount of bonds and notes the City may issue <br /> pursuant to law: <br /> Assessed valuation- 2014 tax year $ 568,971,631 <br /> Debt limit- 10%of assessed valuation 56,897,163 <br /> Amount of debt applicable to debt limit: <br /> Total general obligation bonded debt 230,000 <br /> Less: Amount available in debt service fund (168,353) <br /> Bond indebtedness applicable to debt limit 61,647 <br /> Legal debt margin $ 56,835,516 <br /> The forgoing is sworn to be a true and complete statement this 2nd <br /> Day of January, 2015. <br /> Tina Charumilind <br /> Director of Finance <br /> Subscribed and sworn to before me, a Notary <br /> Public,this a 7 qday of January 2015 <br /> Public <br /> My Commission expires: 2 <br /> JOYCE PUMM <br /> Notary Public, Notary Seal <br /> B-1 State of Missouri <br /> St. Louis County <br /> Commission # 11 389284 <br /> My Commission Expires April 22, 2015 <br /> --.— <br />