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'7. 2 Reawooa City crt> 994 <br /> <br /> 2. SPECIAL TAX RATES & CREDIT CALCULATION <br /> Special Tax Rates <br /> The Special Taxes, which were applied at an average of 40.54% of' the MaXamum Special <br /> Tax Kate, were levied to the 56 taxable parcels as follows: <br /> <br /> SQUARE APPLIED MAXIMUM PARCELS GOMMERCIAL ~ TOTAL <br /> FOOTAGE SPECIAL SPECIAL LEVIED SQUARE DOLLARS <br /> TYPE TAX TAX FOOTAGE LEVIED <br /> RATE/Sq Ft RATE/Sq Ft LEVIED <br /> APPROVED $0.09406 $0.232 4 407,673 $38,344.80 <br /> DE\~ELOPED $0.09406 $0.232 52 3,915,226 $368,257.20 <br /> TOTAL 56 4,32Z899 $406,602.00 <br /> <br /> The slight difference between the Special Tax Requirement and the total amount levied <br /> are due to rounding. <br /> <br /> Credit Calculation <br /> <br /> The calendar year 2002 interest payments are made from the Capitalized Interest Fund. <br /> Funds available after the September 2002 debt service payment are calculated below: <br /> <br /> DESCRIPTION AMOUNT <br /> Administrative Expense Account as of March 31,2002 51,714.70 <br /> Administrative Fees through June 2002 (9,253.00) <br /> Administrative Fees through July 2002 to June 2003 (8,090.00) <br /> Administrative Fees through July 2003 to September 2003 (1.348.75) <br /> 33,022.95 <br /> <br /> The Administrative Account balance will be utilized to cover Administration costs until <br /> it is depleted. On depletion the Administrative costs will be collected as part of the <br /> annual special tax. <br /> <br /> <br />