Resolutions-2017-118

<table> <tr> <th rowspan="2">Fiscal Year</th> <th rowspan="2">Actual Valuation</th> <th rowspan="2">Legal Debt Limit</th> <th colspan="3">Outstanding Debt Issues Subject to Debt Limit</th> <th colspan="2">Projected Debt</th> <th colspan="2">Total Debt</th> <th rowspan="2">Percent Debt is of Legal Debt Limit</th> </tr> <tr> <th>GO 2012A</th> <th>Annual Appr. 2015A</th> <th>TIF Agree. Combined</th> <th>GO 2017</th> <th>Against Legal Debt Limit</th> <th>Available Legal Capacity</th> </tr> <tr> <td>FY 2013</td> <td>153,104,484</td> <td>7,633,224</td> <td>6,100,000</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>6,100,000</td> <td>1,555,224</td> <td>79.68%</td> </tr> <tr> <td>FY 2014</td> <td>159,216,266</td> <td>7,960,813</td> <td>5,650,000</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>5,650,000</td> <td>2,310,813</td> <td>70.97%</td> </tr> <tr> <td>FY 2015</td> <td>172,153,111</td> <td>8,607,656</td> <td>5,220,000</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>5,220,000</td> <td>3,387,656</td> <td>60.64%</td> </tr> <tr> <td>FY 2016</td> <td>182,283,772</td> <td>9,114,199</td> <td>4,785,000</td> <td>369,636</td> <td>-</td> <td>-</td> <td>-</td> <td>5,154,636</td> <td>1,959,563</td> <td>56.56%</td> </tr> <tr> <td>FY 2017</td> <td>214,157,172</td> <td>10,507,589</td> <td>4,345,000</td> <td>418,905</td> <td>-</td> <td>-</td> <td>-</td> <td>4,763,905</td> <td>5,943,954</td> <td>44.49%</td> </tr> <tr> <td>FY 2018</td> <td>254,624,303</td> <td>12,731,215</td> <td>3,900,000</td> <td>417,805</td> <td>-</td> <td>265,000</td> <td>5,275,000</td> <td>9,857,805</td> <td>2,872,110</td> <td>77.43%</td> </tr> <tr> <td>FY 2019</td> <td>324,624,303</td> <td>16,231,215</td> <td>3,450,000</td> <td>416,605</td> <td>-</td> <td>1,365,000</td> <td>5,015,000</td> <td>10,246,605</td> <td>5,984,610</td> <td>63.13%</td> </tr> <tr> <td>FY 2020</td> <td>394,624,303</td> <td>19,731,215</td> <td>2,990,000</td> <td>419,990</td> <td>-</td> <td>1,365,000</td> <td>4,760,000</td> <td>9,534,990</td> <td>10,196,228</td> <td>48.32%</td> </tr> <tr> <td>FY 2021</td> <td>464,624,303</td> <td>23,231,215</td> <td>2,600,000</td> <td>417,515</td> <td>-</td> <td>1,365,000</td> <td>4,505,000</td> <td>8,887,515</td> <td>14,343,200</td> <td>38.26%</td> </tr> <tr> <td>FY 2022</td> <td>487,855,518</td> <td>24,392,776</td> <td>2,205,000</td> <td>419,265</td> <td>-</td> <td>1,365,000</td> <td>4,245,000</td> <td>8,234,265</td> <td>16,158,511</td> <td>33.76%</td> </tr> <tr> <td>FY 2023</td> <td>512,248,294</td> <td>25,612,415</td> <td>1,800,000</td> <td>415,425</td> <td>-</td> <td>1,365,000</td> <td>3,980,000</td> <td>7,560,425</td> <td>18,051,990</td> <td>29.52%</td> </tr> <tr> <td>FY 2024</td> <td>537,860,709</td> <td>26,893,005</td> <td>1,390,000</td> <td>415,765</td> <td>-</td> <td>1,365,000</td> <td>3,710,000</td> <td>6,880,765</td> <td>20,012,270</td> <td>25.59%</td> </tr> <tr> <td>FY 2025</td> <td>564,753,744</td> <td>28,237,687</td> <td>1,055,000</td> <td>415,115</td> <td>-</td> <td>1,365,000</td> <td>3,430,000</td> <td>6,265,115</td> <td>21,972,572</td> <td>22.19%</td> </tr> <tr> <td>FY 2026</td> <td>592,991,431</td> <td>29,649,522</td> <td>710,000</td> <td>418,800</td> <td>-</td> <td>1,365,000</td> <td>3,145,000</td> <td>5,638,800</td> <td>24,010,772</td> <td>19.02%</td> </tr> <tr> <td>FY 2027</td> <td>622,641,003</td> <td>31,132,080</td> <td>360,000</td> <td>416,640</td> <td>-</td> <td>1,365,000</td> <td>2,850,000</td> <td>4,991,640</td> <td>26,140,410</td> <td>16.03%</td> </tr> <tr> <td>FY 2028</td> <td>653,773,053</td> <td>32,688,633</td> <td>360,000</td> <td>418,770</td> <td>-</td> <td>1,365,000</td> <td>2,550,000</td> <td>4,693,770</td> <td>27,994,883</td> <td>14.36%</td> </tr> <tr> <td>FY 2029</td> <td>686,461,706</td> <td>34,525,085</td> <td>-</td> <td>-</td> <td>-</td> <td>1,365,000</td> <td>2,240,000</td> <td>3,605,000</td> <td>30,718,080</td> <td>10.50%</td> </tr> <tr> <td>FY 2030</td> <td>720,784,791</td> <td>36,039,249</td> <td>-</td> <td>-</td> <td>-</td> <td>1,365,000</td> <td>1,920,000</td> <td>3,285,000</td> <td>32,754,240</td> <td>9.12%</td> </tr> <tr> <td colspan="2">Original Issue Par Amount</td> <td></td> <td>6,100,000</td> <td>4,430,000</td> <td></td> <td></td> <td>5,275,000</td> <td></td> <td></td> <td></td> </tr> </table> Assumed Val. Growth (after 2021) 5.00% Debt Limit (as % of 100% valuation) 5.00% Prepared by Northland Securities, Inc.