Ordinances-2024-511 - 2024 Urban Renewal Area

3) Required Financial Information. The following information is provided in accordance with the requirements of Section 403.17 of the Code of Iowa: Constitutional debt limit of the City: $30,239,097 Outstanding general obligation debt of the City: $16,721,391 Proposed debt to be incurred in area to be added in connection with this June, 2024 Amendment*: $ 498,000 *It is anticipated that some or all of the debt incurred hereunder will be subject to annual appropriation by the City Council.