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CITY OF ORONO <br />FUTURE AD VALOREM LEVIES TO RETIRE BONDS <br />As of December 31, 1985 <br />Special Assessment Bonds <br />1971 <br />1980 <br />i992 <br />Year <br />Improvement <br />Improvement <br />Improvement <br />Total <br />Collectible <br />Bonds <br />Bonds <br />Bonds <br />Levied <br />1986 <br />(Note 2) <br />(Note 2) <br />(Note 2) <br />1987 <br />$ 30,800 <br />$ 18,400 <br />$ 49,200 <br />1988 <br />18,300 <br />18,300 <br />1989 <br />18,100 <br />18,100 <br />.r <br />1990 <br />17,700 <br />17,700 <br />1991 <br />17,300 <br />17,300 <br />1992 <br />16,800 <br />16,800 <br />1993 <br />16,100 <br />16,100 <br />1994 <br />15,300 <br />$ 400 <br />15,700 <br />1995 <br />14,400 <br />1,200 <br />15,600 <br />1996 <br />700 <br />700 <br />`r <br />1997 <br />600 <br />600 <br />1998 <br />500 <br />500 <br />Total <br />$ 30,800 <br />$ 152,400 <br />$ 3,400 <br />$ 186,600 <br />Note <br />1) The levies <br />for these issues <br />are the general <br />obligation ad <br />valorem levies <br />. <br />which are <br />in addition to the amounts levied <br />in the special <br />assessment <br />rolls. Ad <br />valorem levies are <br />placed (as required by law) <br />at 105% of debt <br />service requirements. <br />at <br />'14 Note <br />2) The City canceled <br />the collectible <br />1986 tax <br />levies tctaling <br />$44,200 scheduled <br />to finance <br />the retirement <br />of Special Assessment <br />Bonds. The City may cancel <br />future ad <br />valorem levies if <br />the respective <br />special assessment <br />funds have suf- <br />ficient sources <br />to pay future <br />debt requirements. <br />f <br />f <br />- 60 - <br />