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Parcels and Approved Commercial Square Feet attributable to Participating Commercial Parcels for such Fiscal Year and, in each case, the Maximum Annual Special Tax Rate applicable to such commercial square feet 4) the total number of Developed Commercial Square Feet and Approved Commercial Square Feet allocable to Prepaid Parcels, 5) the net taxable Developed Commercial Square Feet and Approved Commercial Square Feet allocable to Taxable Parcels for such Fiscal Year, 6) the Special Tax rate necessary to satisfy Annual Costs applicable to such Developed Commercial Square Feet and Approved Commercial Square Feet allocable to each Taxable Parcel for such Fiscal Year, 7) the amount of Special Taxes to be levied on each Taxable Parcel in the next ensuing Fiscal Year, 8) the annual Principal Prepayment Amount allocable to each Taxable Parcel, and 9) a Tax Collection Schedule. Parcels shall be classified as of their status applicable in the next ensuing Fiscal Year on each Classification Date. The secured property tax roll, land use codes and plot map books maintained by the County Assessor of San Mateo County, in combination with official records maintained by the City regarding Development Agreements, recorded final maps, building permits issued, and other changes in parcel development status, will be the basis for classifying the Parcels in the CFD. If the land use code on the secured property tax roll is incorrect, the City may assign the appropriate code based on its review of the status of the property. Commercial Parcels without Developed Commercial Square Feet or Approved Commercial Square Feet shall be classified as Inactive Parcels. Commercial Parcels with Approved Commercial Square Feet for which no written request is on file for such Parcel to be classified as a Participating Commercial Parcel shall be classified as Inactive Parcels. Developed Commercial Parcels and Participating Commercial Parcels shall be classified as either Taxable Parcels, or, if the Special Taxes for such Parcels have been prepaid, Prepaid Parcels. Residential Parcels and Public Parcels shall be classified as Tax-Exempt Parcels. Once a Parcel is classified as a Taxable Parcel it may not be removed from such classification unless i) Special Taxes allocable to such Parcel have been prepaid pursuant to Section 7 hereof, in which case such Parcel shall be reclassified as a Prepaid Parcel or ii) the City Manager determines that such removal shall not cause the Special Tax rate per commercial square foot on remaining Taxable Parcels to exceed their respective Maximum Annual Special Tax Rates, provided that, once the number of Approved Commercial Square Feet and Developed Commercial Square Feet has been initially allocated to a Taxable Parcel (provided such initial allocation is not in error), such number may not be reduced unless the City Manager determines that such reduction shall not cause the Special Tax rate per commercial square foot on remaining Taxable Parcels to exceed their respective Maximum Annual Special Tax Rates. Participating Commercial Parcels may be reclassified as Developed Commercial Parcels and, if warranted, their taxable commercial square feet reduced subject to the proviso in the preceding sentence. The Special Tax shall be levied only on Taxable Parcels. The amount of the Special Tax for each Taxable Parcel shall be determined in accordance with the provisions of Section 6 hereof. Each Taxable Parcel's Special Tax for the next ensuing Fiscal Year shall be levied against such Parcel's assessor's parcel number as it was shown on the County Assessor's records of Parcels in the CFD as of the prior January 1 lien date, or such other lien date established by the County Assessor. Section 4, Termination of the Special Tax C-4 13590