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Purpose Amount <br /> • Mashpee High School Construction $ 28,700,000 <br /> Regional Septage Treatment Plant 3,250,000 <br /> • Chapter 90 968,586 <br /> Sachem Village 100,000 <br /> Clipper Ship Village 350,000 <br /> Landfill Capping 1,263,000 <br /> Town Hall Renovations 1,500,000 <br /> Total $ 36.131.586 <br /> it <br /> At June 30, 1996, bond anticipation notes, totaling $ 28,768,000, were � <br /> outstanding for these projects. j <br /> D. Overlapping Debt <br /> The Town 's proportionate share of debt of other governmental units <br /> which provide services within the Towns boundaries, and which must <br /> be borne by the resources of the Town, is summarized below (in thous- <br /> ands of dollars) (unaudited): <br /> Total Town 's Town 's <br /> Related Entity Principal Percent Share <br /> Barnstable County $ 915,000 5.18% $ 47,397 <br /> This liability is appropriately not reported in the accompanying financial <br /> statements. <br /> E. Legal Debt Margin <br /> The Town is subject to the General Laws of the Commonwealth of <br /> Massachusetts which limits the amount of bonded debt the Town may <br /> have outstanding to 5 percent of the valuation of taxable property as <br /> last equalized by the Commonwealth's Department of Revenue. The <br /> following is a computation of the legal debt margin as of June 30, 1996 <br /> (in thousands of dollars): <br /> i <br /> Equalized valuation - January 1, 1995 $ 1.300.459.500 <br /> Debt limit - 5% of equalized valuation $ 65,022,975 <br /> Total debt outstanding 7,783,700 <br /> Less: debt exempt from limit (4,426,500) 3,357,200 <br /> Legal, Debt Margin $ 61.665.775 <br /> 18 <br />