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determine that the Special Tax shall cease to be levied. The City Council shall then <br />City Clerk to record a Notice of Cessation of Special Tax as provided by law. <br />Notwithstanding the foregoing, in no event shall the Special Tax be levied after the Fiscal Year <br />30, 2036. <br /> <br /> Maximum Annual Special Tax Rate <br /> each Taxable Parcel, the Maximum Annual Special Tax Rate shall be established for <br /> Developed Commercial Square Feet and Approved Commercial Square Feet as that <br /> Annual Special Tax Rate applicable in the year in which such commercial square <br /> becomes subject to taxation. The Maximum Annual Special Tax Rate applicable to <br /> Developed Commercial Square Feet or Approved Commercial Square Feet shall not <br /> after the year in which it is first so applied. A Taxable Parcel may have more than one <br /> Annual Special Tax Rate applicable to it. Maximum Annual Special Tax Rates shall be <br /> in accordance with the following schedule. <br /> beginning 7/1 in <br /> commercial square footage first Then for as long as the Parcel on which such commercial square feet is <br /> subject to taxation is: located is a Taxable Parcel, such commercial square feet shall thereafter be <br /> taxed at: <br /> 1999 $0.232 per square foot <br /> 2000 $0.244 per square foot <br /> 2001 $0.258 per square foot <br /> 2002 $0.272 per square foot <br /> 2003 $0.287 per square foot <br /> 2004 $0.303 per square foot <br /> 2005 $0.319 per square foot <br /> 2006 $0.337 per square foot <br /> 2007 $0.355 per square foot <br /> 2008 $0.375 per square foot <br /> 2009 $0.395 per square foot <br /> 2010 $0.417 per square foot <br /> 2011 $0.440 per square foot <br /> 2012 $0.464 per square foot <br /> 2013 $0.490 per square foot <br /> Thereafter $0.490 per square foot <br /> <br /> Parcels, Prepaid Parcels and Tax-Exempt Parcels shall not be subject to the levy of <br /> Taxes. <br /> Apportionment, Levy and Selection of Special Tax Rates <br /> Special Tax rate per Developed Commercial Square Foot or Approved Commercial <br /> allocable to each Taxable Parcel in the CFD shall be established annually by the City <br /> The Special Tax rate or rates per Developed Commercial Square Foot or Approved <br /> Square Foot allocable to each Taxable Pamel shall then be multiplied by the <br /> <br /> A-5 2180 <br /> <br /> <br />