Laserfiche WebLink
185 <br /> <br />b(3) <br /> <br />The amount of money held in sinking funds <br />or otherwise for the payment of any part <br />of the principal of gross debt other than <br />debt incurred for water purposes or sanitary <br />sewer purposes (to the extent that the bonds <br />are deductible under G.S. 159-55(b) ) <br /> <br />NONE <br /> <br />b(4) <br /> <br />b(5) <br /> <br />Bonded debt included in gross debt and in- <br />curred, for water purposes <br /> <br />Bonded debt included in gross debt and in- <br />curred, or to be incurred, for sanitary <br />sewer system purposes to the extent that <br />said debt is made deductible by G. S. 159- <br />55 (b) <br /> <br />$ 900,000 <br /> <br />NONE <br /> <br />b(6) <br /> <br />Uncollected special assessments heretofore <br />levied for local improvements for which <br />any part of the gross debt (that is not <br />otherwise deducted) was or is to be incurred, <br />to be extent that such assessments will be <br />applied, when collected, to the payment of <br />any part of the gross debt <br /> <br />NONE <br /> <br />b(7) <br /> <br />The amount as estimated by the N/A , <br />of special assessments to be levied for <br />local improvements for which any part of <br />the gross debt (that is not otherwise <br />deducted) was or is to be incurred, to the <br />extent that the special assessments, when <br />collected, will be applied to the payment <br />of any part of the gross debt <br /> <br />NONE <br /> <br />(b) <br /> <br />DEDUCTIONS, being the sum of b(1), b(2), <br />b(3) , b(4) , b(5) , b(6) and b(7) <br /> <br />$ 900,000 <br /> <br />(c) NET DEBT <br /> <br />(c) <br /> <br />NET DEBT, being the difference between the <br />GROSS DEBT (a) and the DEDUCTIONS (b) <br /> <br />$ 24,300,000 <br /> <br />(d) APPRAISED VALUE <br /> <br />(d) <br /> <br />APPRAISED VALUE of property subject to <br />municipal taxation before the application <br />of any assessment ratio, being the value <br />fixed in 1978 <br /> <br />990,000,000 <br /> <br />(e) DEBT RATIO <br /> <br />(e) <br /> <br />Percentage which the NET DEBT (c) bears to <br />the APPRAISED VALUE (d) <br /> <br />2.4545% <br /> <br />The foregoing statement is true. <br /> <br />FINANCE OFFICER OF THE <br />COUNTY OF CABARRUS, <br />NORTH CAROLINA <br /> <br />STATE OF NORTH CAROLINA <br /> <br />COUNTY OF CABARRUS <br /> <br />Subscribed and sworn to before me this 10th day of August, <br /> <br />1978. <br /> <br />My Commissioner Expires <br /> NOTARY PUBLIC <br /> <br /> <br />