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3. Prepayment of Public Property or Property Owner Association Property <br /> An Assessor's Parcel, or portion thereof, of Public Property or Property Owner Association <br /> Property within CFD No. 2010 -1 that is not exempt from the Special Tax pursuant to Section F <br /> herein shall be required to prepay the Special Tax obligation applicable to such Assessor's Parcel <br /> as calculated by the CFD Administrator according to the following steps: <br /> 1. Determine the Maximum Special Tax anticipated to apply to such Assessor' s Parcel, or <br /> portion thereof, of excess Public Property or Property Owner Association Property by <br /> multiplying the Acreage of such Assessor's Parcel that is ineligible for exemption status, <br /> as determined pursuant to Section F herein, times the Maximum Special Tax for Non - <br /> Residential Property (set forth in Table 1 of Section C herein). <br /> 2. Divide the Maximum Special Tax computed pursuant to step 1 above by the sum of (i) <br /> the amount of Maximum Special Taxes required to provide 110% debt service coverage <br /> on the Outstanding Bonds, and (ii) the Administrative Expenses as defined in Section A <br /> herein. <br /> 3. Determine the amount of Special Tax delinquencies that apply to such Assessor's Parcel, <br /> or portion thereof. <br /> 4. The Special Tax prepayment shall be calculated using the prepayment formula described <br /> in Section I.1, with the following exceptions: (i) skip paragraphs 1, 2 and 3, and begin <br /> with paragraph 4; (ii) the Bond Redemption Amount in paragraph 4 of the prepayment <br /> formula described in Section I.1 shall equal the product of the quotient computed <br /> pursuant to step 2 above times the Previously Issued Bonds; (iii) the Future Facilities <br /> Amount in paragraph 7 of the prepayment formula described in Section I.1 shall be $0; <br /> and (iv) the Capitalized Interest Credit described in paragraph 14 of the prepayment <br /> formula described in Section I.1 shall be $0. The amount of Special Tax delinquencies as <br /> determined pursuant to step 3 above shall be added to this Special Tax prepayment <br /> amount (collectively the "Special Tax Prepayment Amount "). <br /> 4. General Provisions Applicable to the Prepayment of Special Tax <br /> (a) Use of the Special Tax Prepayment Amount <br /> The Special Tax Prepayment Amount shall be applied in the following order of priority: <br /> (i) to be deposited into specific funds established under the Indenture and applied as <br /> specified therein, and (ii) to be remitted to the City and used for any Authorized <br /> Facilities. <br /> (b) Full Prepayment of Special Tax <br /> Upon confirmation of the payment of the current Fiscal Year's entire Special Tax <br /> obligation, the CFD Administrator shall remove the current Fiscal Year's Special Tax <br /> B -19 <br /> 302108_1.doc <br />