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12/03/2012 <br />Table 6 <br />Direct and Overlapping Bonded Debt <br />(as of October 31, 2012) <br />2012-13 Assessed Valuation: $1,158,163,515 <br />DIRECT AND OVERLAPPLNG TAX AND ASSESSMENT DEBT: <br />% Applicable <br />Debt 1 /23 /13 ' <br />San Mateo Community College District General Obligation Bonds <br />0.796% <br />S 4,622,054 <br />Sequoia Union High School District General Obligation Bonds <br />1.933 <br />6,526,581 <br />Belmont -Redwood Shores School District General Obligation Bonds <br />20.769 <br />3,570,93() <br />Belmont -Redwood Shores School District <br />Redwood Shores School facilities Improvement District <br />General Obligation Bonds <br />22.623 <br />5267,766 <br />San Carlos School District General Obligation Bonds <br />0.952 <br />495,254 <br />City of Redwood City Redwood Shores Community facilities District No. 99-1 <br />100. <br />10,315,000" <br />TOTAL DIRECT AND OVERLAPPING TAX AND ASSESSMENT' DEBT <br />$30,797,585 <br />OVERLAPPING GENERAL FUND DEBT: <br />San Mateo County General Fund Obligations <br />0.7960/,'i <br />$2,481,369 <br />San Mateo County Board of Education Certificates of Participation <br />0.796 <br />95,082 <br />Redwood City School District General Fund Obligations <br />7.741 <br />397,113 <br />Midperdmula Regional Pa rk and Opem Space District General FW.)d Obligations <br />0.690 <br />935.983 <br />TOTAL OVERLAPPING GENERAL FUND DEBT <br />$3,909,547 <br />COMBINED TOTAL DEBT <br />534,707,132 <br />(1) Excludes issues sold betweenn date of preparation (10/31/201.2) and dated date (1 /23/2013). <br />(2) Represents Prior Bonds to be refunded. Excludes refunding Bonds to be sold. <br />(3) Excludes tax and revenue anticipation.notes, enterprise revenue, mortgage revenue and non -bonded capital <br />lease obligations. <br />Ratios to 2012-13 Assessed Valuation: <br />Direct Debt ($10,315,000) .......... ....... ...... ...................... ............................ <br />....D.S9% <br />Tota 1 Direct and Overlapping Tax and Assessment Debt................2.66% <br />Combined Total Debt.....................................................................................3.00% <br />Source: Califori-da Municipal Statistics, Inc. <br />Projected Debt Service Coverage <br />The table below shows the projected debt service coverage from the annual Special 'lax <br />levy in the District for the Bonds, assuming a levy of the maximum. Special Tax on all Taxable <br />Parcels, less the Annual Administrative Expense Amount, and no Special Tax delinquencies. <br />-29- <br />37 RESO. # 15237 <br />MUFF # 505 <br />