Laserfiche WebLink
6.1. B. - Page 141 <br /> Schedule 10 <br /> CITY OF REDWOOD CITY, CALIFORNIA <br /> DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT <br /> As of June 30, 2011 <br /> Estimated <br /> Share of <br /> Estimated Direct and <br /> Percentage Overlapping <br /> Governmental Unit Applicable Debt <br /> % $ <br /> Debt Repaid with Property Taxes <br /> San Mateo Community College District 10.545 64,723,100 <br /> Sequoia Union High School District 25.137 87,702,993 <br /> Belmont-Redwood Shores School District 48.863 4,590,679 <br /> Belmont-Redwood Shores School District School Facilities Improvement Distr. 99.993 23,458,358 <br /> Redwood City School District 58.360 29,481,614 <br /> San Carlos School District 1.307 711,349 <br /> Redwood City Community Facilities District 2000-1 100.000 10,490,000 <br /> Redwood City Redwood Shores Community Facilities District No. 99-1 100.000 10,885,000 <br /> Redwood City Community Facilities District 2010-1 100.000 5,760,000 <br /> TOTAL DEBT REPAID WITH PROPERTYTAXES 237,803,093 <br /> Other Debt <br /> San Mateo County General Fund Obligations 10.545 35,598,319 <br /> San Mateo County Board of Education Certificates of Participation 10.545 1,309,689 <br /> Belmont-Redwood Shores School District Certificates of Participation 48.863 2,594,625 <br /> Midpeninsula Regional Park District General Fund Obligations 8.426 11,038,315 <br /> City of Redwood City General Fund Obligations 100.000 7,890,000 <br /> Menlo Parl< Fire Protection District 0.029 3,477 <br /> TOTAL OTHER DEBT 58,434,425 <br /> City Direct Debt 43,853,800 <br /> Total Direct and Overlapping Debt 340,091,318 <br /> Source: California Municipal Statistics <br /> Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the city. This <br /> schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and <br /> businesses of the City of Redwood City. This process recognizes that, when considering the government's ability to issue <br /> and repay long-term debt, the entire debt burden borne by the residents and businesses should be tal<en into account. <br /> However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt of each <br /> overlapping government. <br /> 1 The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages <br /> were estimated by determining the portion of the county's taxable assessed value that is within the government's boundaries <br /> and dividing it by the county's total taxable assessed value. <br /> 115 <br />