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<br />TAX ADEQUACY
<br />
<br />1987 Net Taxable Assessed Valuation ---------------------------------------------- $791,184,556
<br />
<br />All General Obligation Debt (including the Bonds and the Certificates) . . .
<br />A verage Annual Principal and Interest Requirements, 1988-2006 -----------------------
<br />$0.208 Tax Rate @ 95% Collection Produces ----------------------------------------
<br />
<br />$
<br />$
<br />
<br />Maximum Principal and Interest Requirements, 1989 --------------------------------- $
<br />$0.259 Tax Rate @ 95% Collection Produces ---------------------------------------- $
<br />
<br />General Purpose Debt. . .
<br />Average Annual Principal and Interest Requirements--------------------------------- $
<br />$0.106 Tax Rate @ 95% Collection Produces ---------------------------------------- $
<br />
<br />Maximum Principal and Interest Requirements, 1989 --------------------------------- $
<br />$0.135 Tax Rate @ 95% Collection Produces ---------------------------------------- $
<br />
<br />INTEREST AND SINKING FUND MANAGEMENT INDEX
<br />
<br />1,555,930
<br />1,563,380
<br />
<br />1,940,226
<br />1,946,709
<br />
<br />796,522
<br />796,722
<br />
<br />1,103,903
<br />1,014,694
<br />
<br />General Purpose Debt Service Requirements, Fiscal Year Ending 9-30-88 ---------------- $
<br />
<br />723,893
<br />
<br />General Obligation Interest and Sinking Fund, 9-30-87 ----------------------- $802,325
<br />1987-88 Interest and Sinking Fund Tax Levy at 9596 CoUection --------------- 751.62.5 1.553.950
<br />
<br />Estimated Surplus ----------------------------------------------------------------- $ 830,057
<br />
<br /> A UTHORIZED GENERAL OBLIGATION BONDS
<br /> Amount Amounts
<br /> Date Amount Heretofore Being Unissued
<br />Purpose Authorized Authorized Issued Issued Balance
<br />Streets and Drainage 4-7-84 $4,000,000 $2,200,000 $1,360,000 $440,000
<br />Parks/Recreation 4-7-84 400,000 350,000 -0- 50,000
<br />Fire Department (Telesquirt) 4-7-84 300,000 -0- 300,000 -0-
<br />Library 4-7-84 450 000 -0- -0- 450.000
<br /> $.5,150: 000 $2,.5.50,000 $1,660,000 $940,000
<br />
<br />ANTICIPA TED ISSUANCE OF VOTED GENERAL OBLIGATION BONDS
<br />
<br />The City anticipates issuing the unissued balance of its authorized general obligation bonds over the next
<br />eighteen months.
<br />
<br />TOP TEN TAXPA YERS
<br />
<br />Name of Taxpayer
<br />Kroger Company
<br />H. Y. Price Enterprises
<br />San Marcos Valve
<br />San Marcos Place Apartments
<br />Wide-Lite Corporation
<br />Butler Manufacturing Company
<br />River Ridge Joint Ventures
<br />Springtown Center
<br />Brown School
<br />San Marcos Association of
<br />Limited Partners
<br />
<br />1987 Net
<br />Taxable
<br />Assessed
<br />Valuation
<br />$ 28,938,410
<br />14,.565,590
<br />13,141,130
<br />10,.557,280
<br />7,203,040
<br />6,044,090
<br />.5,3.53,790
<br />.5,042,330
<br />4,790,.530
<br />
<br />Nature of Property
<br />Grocery, Warehouse Terminal
<br />Telephone Utility
<br />Oil Field Valve Manufacturer
<br />Apartments
<br />Illumination Manufacturer
<br />Metal Building Manufacturer
<br />Apartments
<br />Commercial Properties
<br />Medical Treatment Center
<br />
<br />Apartments
<br />
<br />4.783.410
<br />$100,419,600
<br />
<br />- 11 -
<br />
<br />96 of 1987
<br />Net Taxable
<br />Assessed
<br />Valuation
<br />3.6696
<br />1.8496
<br />1.6696
<br />1.3396
<br />0.9196
<br />0.7696
<br />0.6896
<br />0.6496
<br />0.6196
<br />
<br />0.6096
<br />12.6996
<br />
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