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1 �-�� <br /> Step 2 The sum of unexpended fund balances (inciuding amounts cnllected in the prioc <br /> Fiscal Year to be applied to Debt Service in such Fiscal Year) held under the <br /> indenture securing outstanding CFD bonds that is available to pay Debt Service in <br /> such Fiscal Year shall be determined. <br /> Step 3 The amount of Debt Service due in such Fiscal Year payable from Annual Tax <br /> Revenues collected in the prior Fiscal Year shall be determined. <br /> Step 4 The amounts calculated in Steps 1 and 3 above shall be added together and the <br /> amount determined in Step 2 above shall be subtracted from such sum to arrive at <br /> the Annual Tax Revenues to be collected in such Fiscal Year. <br /> Step 5 The Maximum Annual Special Tax Rate shall be multiplied by the Commercial <br /> � Square Feet correspondingto each Taxable Rarcel. <br /> Step 6 If the total of the amounts calculated in Step 5 is greater than the Annual Costs, <br /> the Special Tax rate shall be decreased until the Special Tax rate on all Taxable <br /> Parcels produces scheduled Annual Tax Revenue equal to the projected Annual <br /> Costs. If the total of the amounts calculated in Step 5 is less than Annual Costs, <br /> the Special Tax rate applicable .to Taxable Parcels shall be established at the <br /> Maximum Annual Special Tax Rate. <br /> Step 7 An annual Special Ta�c shall be determined for each Taxable Parcel by multiplying <br /> the Special Tax rate identified in Step 6 above times the number of Commercial <br /> Square Feet applicable to each such Taxable Parcel. <br /> If Credits Are Due fhe Owners of Parcels Pursuant to Section 10 Hereof.• <br /> Step 1 The annual Special Ta�c. rates shall be calculated as provided for_ in Step 5 above <br /> without any adjustment to Annual Costs to reflect the credit due as provided for in <br /> ' Section 10 hereof (the "Initial Special Tax Rate"). <br /> � Step 2 A Special Tax shall be calculated for the Parcel or Parcels due a credit by <br /> multiplying the Initial Special Tax Rate times the number of Commercial Square <br /> Feet applicable to such Parcel or Parcels (the "Initial Special Tax"). For each <br /> applicable Parcel, the credit as due shall be subtracted from the applicable .Initial <br /> Special Tax to determine the adjusted Special Tax due on such Parcel or Parcels <br /> (the "Adjusted Special Tax"). <br /> Step 3 The Commercial Square Feet applicable to the Par�ceel or Parcels due an Adjusted <br /> Special Tax shall be subtracted from the total of all Commercial Square Feet <br /> subject to taxation in such Fiscal Year (the result of such calculation being the <br /> °Revised Commercial Square Feet") and the total amount of Adjusted Special <br /> Taxes shall be subtracted from the Annual Costs for such Fiscal Year (the result <br /> ' of such calculation being the "Revised Annual Costs"). <br /> Step 4 The Revised Annual Costs shall be distributed among the remaining Taxable � <br /> Parcels not due any credits in the proportion that the Commercial Square Feet of <br /> Adoptbn Draft 4124100 C-6 <br /> - <br />