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<br />CITY OF REDWOOD CITY, CALIFORNIA <br />COMPUTATION OF LEGAL DEBT MARGIN <br />June 30, 2003 <br /> <br />Total Assessed Valuation Subject to General Property Taxes <br />Exemptions <br />Total Assessed Valuation <br /> <br />Debt limit - 3.75 percent of Total Assessed valuation <br /> <br />Actual General Obligation Debt <br /> <br />Legal Debt Margin <br /> <br />Source: County of San Mateo Assessor's records <br /> <br />97 <br /> <br />Table 7 <br /> <br />$ <br /> <br />10,798,742,608 <br />349,724,840 <br />11,148,467,448 <br /> <br />$ <br /> <br />$ <br /> <br />418,067,529 <br /> <br />0 <br /> <br />$ <br /> <br />418,067,529 <br />