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8.A. - Page 79 Costs, the Special Tax rate applicable to Taxable Parcels shall be established at the Maximum Annual Special Tax Rate. Step 7 An annual Special Tax shall be determined for each Taxable Parcel by multiplying the Special Tax rate identified in Step 6 above times the number of Commercial Square Feet applicable to each such Taxable Parcel. If Creclits Are Dite tlTe Oumers o{Pc�rcels Pi�rsitant to Section 10 Hereof.• Step 1 The annual Special Tax rates shall be calculated as provided for in Step 5 above without any adjustment to Annual Costs to reflect the credit due as provided for in Section 10 hereof (the "Initial Special Tax Rate"). Step 2 A Special Tax shall be calculated for the Parcel or Parcels due a credit by multiplying the Initial Specill Tax Rate times the number of Commercial Square Feet applicable to such Parcel or Parcels (the "Initial Special Tax"). For each applicable Parcel, the credit as due shall be subtracted from the applicable Initial Special Tax to determine the adjusted Special Tax due on such Parcel or Parcels (the "Adjusted Special Tax"). Step 3 The Commercial Square Feet applicable to the Parcel or Parcels due an Adjusted Special Tax shall be subtracted from the total of all Commercial Square Feet subject to taxation in such Fiscal Year (the result of such calculation being the "Revised Commercial Square Feet") and the total amouilt of Adjusted Special Taxes shall be subtracted from the Annual Costs for such Fiscal Year (the result of such calculation being the "Revised Aruzual Costs"). Step 4 The Revised Annual Costs shall be distributed among the remainiilg Taxable Parcels not due any credits in the proportion that the Commercial Square Feet of such Taxable Parcels bear to the Revised Commercial Square Feet; provided, however, that the Special Tax rate per Commercial Square Foot produced by such calculation may not exceed the Maximum Annual Special Tax Rate applicable to such Taxable Parcels. Step 5 In the event that the sum of the Revised Annu11 Costs and the Adjusted Special Tax on all Parcels due a credit is less than Annual Costs for such Fiscal Year, the credit due on each Parcel shall be reduced by equal proportions until Annual Costs are satisfied, and any unpaid credit shall credited in the following Fiscal Year. After each Parcel has been annually classified, the annual Special Tax and Principal Prepayment Amount for each Taxable Parcel has been calculated, and a Special Tax Report for such Fiscal Year has been approved by resolution of the City Council in July of each Fiscal Year, the City Manager shall forward a Tax Collection Schedule showing the annual Special Tax liability for each Taxable Parcel with Commercial Square Feet thereon to the County Auditor, requesting that the Tax Collection Schedule be placed on the secured property tax roll for the applicable Fiscal Year. The Tax Collection Schedule shlll be sent not later than August 10 or such prior date required by the Couilty Auditor for such placement. Notwithstanding the foregoing, if for any reason the Special Tax levy on a Taxable Parcel with Commercial Square Feet thereon will not be included on the County secured tax roll, the CFD may levy the Special Taxes for such Fiscal Year by means of a direct billing of the owners of the Tlxable Parcels. B-6