b"City of DoverTuscarawas County, OhioLegal Debt Margin InformationLast Ten Years2019 2018 2017 2016Overall Legal Debt Limit(10.5% of Assessed Valuation) $27,619,271 $27,350,827 $26,857,861 $25,143,146Net Debt Applicable to Debt Limit 1,825,688 1,966,031 2,101,374 2,226,325Overall Legal Debt Margin(10.5% of Assessed Valuation) $25,793,583 $25,384,796 $24,756,487 $22,916,821Legal Debt Margin as a Percentage of Debt Limit 93.39% 92.81% 92.18% 91.15%Unvoted Legal Debt Limit(5.5% of Assessed Valuation) $14,467,237 $14,326,624 $14,068,403 $13,170,219Net Debt Applicable to Debt Limit 1,825,688 1,966,031 2,101,374 2,226,325Unvoted Legal Debt Margin(5.5% of Assessed Valuation) $12,641,549 $12,360,593 $11,967,029 $10,943,894Legal Debt Margin as a Percentage of Debt Limit 87.38% 86.28% 85.06% 83.10%Legal Debt Margin Calculation for the Year Ended December 31, 2019Overall Margin Unvoted MarginWithin 10.5% Within 5.5%Assessed property value$263,040,680 $263,040,680Debt Limitation (percentage of assessed property value)$27,619,271 $14,467,237Gross Indebtedness15,408,212 15,408,212Less: Revenue Bonds(1,425,000) (1,425,000)General Obligation Bonds - Enterprise Funds (4,910,000) (4,910,000)OWDA Loan(7,044,301) (7,044,301)Police and Fire Pension(203,223) (203,223)Net Debt Applicable to Debt Limit1,825,688 1,825,688Legal Debt Margin Within Limitations$25,793,583 $12,641,549Note: 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 -"