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06-10-1985 Council Packet
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06-10-1985 Council Packet
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CITY OF ORONO <br />Year <br />Collectible <br />1985 <br />1986 <br />1:87 <br />1988 <br />1989 <br />1990 <br />1991 <br />1992 <br />1993 <br />1994 <br />1995 <br />1996 <br />1997 <br />1998 <br />FUTURE AD VALOREM LEVIES TU RETIRE BONDS <br />As of December 31, 1984 <br />Special Assessment Bonds <br />1971 <br />1980 1982 <br />Improvement <br />Improvement Improvement <br />Bonds <br />Bonds Bonds <br />(Note 2 <br />(Note 2) <br />$ 25,800 <br />$ 18,400 <br />30,800 <br />18,400 <br />Total S 56,600 <br />18,300 <br />18,100 <br />17,700 <br />17,300 <br />16,800 <br />16,100 <br />15,300 <br />14,400 <br />$ 170,80U <br />$ 400 <br />1,200 <br />70U <br />60U <br />500 <br />$ 3,400 <br />Total <br />Levies <br />(Note 2) <br />$ 44,200 <br />49,200 <br />18,300 <br />18,100 <br />17,700 <br />17,300 <br />16,800 <br />16,100 <br />15,700 <br />15,600 <br />700 <br />600 <br />50U <br />$ 230,800 <br />Note 1) The levies for these issues are the general obligation ad valorem levies <br />which are in addition to the amounts levied in the special assessment <br />rolls. Ad valorem levies are placed (as required by law) at 105% of debt <br />service requirements. <br />Note 2) The City canceled the collectible 1985 tax levies totaling $44,400 scheduled <br />to finance the retirement of Special Assessment Bonds. The City may cancel <br />future ad valorem levies if the respective special assessment funds have suf- <br />ficient. sources to pay future debt requirements. <br />- 47 - <br />
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