83-47 AUTHORIZING AND DIRECTING THE EXECUTION OF AN ESCROW AGREEMENT

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• . ,''.��."tidU 6��.t'vl�SLS'�!� Statement of Direct and Overlapping Debt The following table sets forth the pro forma outstanding direct and overlapping debt, as of May 1 , 1983 of the City and the ma jor units of local government in the Decatur area whose tax bases overlap that of the City, assuming the issuance of the $13,300,000* of the Bonds. No other authorized but unissued debt has been included, and outstanding revenue obligations are excluded. DIRECT AND OVERLAPPING DEBT Map 1, 1983 (In Thousands) Percent Amount Applicable Applicable Amount to the City(1) to the City Direct Debt General Obligation Bonds...................$ 19 ,650* 100X $19,650* Special Assessment Bonds.. . . .. ... ... . . . . ... 1 ,262 100% 1 ,262 Total Direct Debt. ... . . . . . .. . . . . . . . . . ....$20,912* $20,912* _______ _______ � Overlapping Debt Unit of Government Niantic School District. .. .. . . . . . . . . .. . . .. .$ 230 .11% $ -- Decatur Sanitary District. . . ... . . . . .. . . ... . 20,750 73.19 15,187 Decatur Park District. . . . .. . ... . . .. . . . . . .. . 3,670 73.52 2,698 Richland Com. College Dist. . ... . . .. . .. .. ... 1,650 32.13 530 Decatur Township.. . . . . . . . .. . ... . . . .. . .. . . . . -- 100.00 -- Argenta School Dist. No. 1.. .. . . . . . . .. . .... 490 3.02 15 Decatur Public School Dist. No. 61.. . . . . .. . 9,180 74.89 6,875 Macon School Dist. No. 5. ... . . . . . .. . ... .. . . 520 15.47 80 Mt. Zion School Dist. No. 3. . .. . . .... . . . ... 2,670 1.00 26 Warrensburg School Dist. No. 11 . . . . . . . . . ... 714 12.46 89 Macon County.. . . . ... .... ... . .. . . . . . . .. . . . . . -- 63.90 -- Total Overlapping Debt. ... . .. .. . . .. . . . . ..$39,874 $25,500 Total DirectandOverlappingDebt.......$ $46,412* (1) Based upon the equalized assessed valuation of taxable property for calendar year 1982. * Subject to change 15