b"City of DoverTuscarawas County, OhioLegal Debt Margin InformationLast Ten Years2018 2017 2016 2015Overall Legal Debt Limit(10.5% of Assessed Valuation) $27,350,827 $26,857,861 $25,143,146 $24,983,642Net Debt Applicable to Debt Limit 1,966,031 2,101,374 2,226,325 2,305,000Overall Legal Debt Margin(10.5% of Assessed Valuation) $25,384,796 $24,756,487 $22,916,821 $22,678,642Legal Debt Margin as a Percentage of Debt Limit 92.81% 92.18% 91.15% 90.77%Unvoted Legal Debt Limit(5.5% of Assessed Valuation) $14,326,624 $14,068,403 $13,170,219 $13,086,670Net Debt Applicable to Debt Limit 1,966,031 2,101,374 2,226,325 2,305,000Unvoted Legal Debt Margin(5.5% of Assessed Valuation) $12,360,593 $11,967,029 $10,943,894 $10,781,670Legal Debt Margin as a Percentage of Debt Limit 86.28% 85.06% 83.10% 82.39%Legal Debt Margin Calculation for the Year Ended December 31, 2018Overall Margin Unvoted MarginWithin 10.5% Within 5.5%Assessed property value$260,484,070 $260,484,070Debt Limitation (percentage of assessed property value)$27,350,827 $14,326,624Gross Indebtedness18,317,536 18,317,536Less: Revenue Bonds(2,600,000) (2,600,000)General Obligation Bonds - Enterprise Funds (5,710,000) (5,710,000)SIB Loan(120,977) (120,977)OWDA Loan(7,708,176) (7,708,176)Police and Fire Pension(212,352) (212,352)Net Debt Applicable to Debt Limit1,966,031 1,966,031Legal Debt Margin Within Limitations$25,384,796 $12,360,593Note: Under State of Ohio finance law, the City of Dover's outstanding general obligation debt that is supported through real estate valueshould not exceed 10.5 percent of total assessed property value. In addition, the outstanding general obligation debt net of voted debtshould not exceed 5.5 percent of total assessed property value. By law, the general obligation debt subject to the limitation is offset byamounts set aside for repaying general obligation bonds. - S24 -"