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8.B. - Page 81 <br /> Section 8. Application of Surplus Tax Revenues <br /> Any amounts collected in excess of Annual Costs shall be applied as stipulated in the <br /> fiscal agent agreement securing outstanding Bonds of the CFD. <br /> Section 9. Administrative Changes <br /> The City Manager has the authority to make necessary administrative adjustments to <br /> the Rate and Method of Apportionment in order to remedy any portions of this Rate and <br /> Method of Apportionment that require clarification, provided that no such adjustment shall <br /> result in a tax levy on any Taxable Parcel in excess of the applicable Maximum Annual Special <br /> Tax Rate for such Taxable Parcel. <br /> Any taxpayer that believes that the amount or formula of the Special Tax is in error <br /> may file a written notice with the City Manager appealing the Special Tax. Any such notice of <br /> appeal must be filed by January 1 of the fiscal year for which the Special Tax in question has <br /> been levied. The City Manager or his designee will then promptly review all such timely-filed <br /> appeals, and if necessary, meet with the appellant. If the findings of the City Manager verify <br /> that the Special Tax should be modified, a recommendation at that time will be made to the <br /> City Council and, as appropriate, the Special Tax shall be corrected and, if applicable, a <br /> refund shall be granted from such fund or account established under the fiscal agent <br /> agreement securing outstanding Bonds of the CFD for which the payment of such refunds is <br /> authorized. The City Manager, in his sole discretion, may review appeals filed after the <br /> January 1 deadline, regardless of the merit of any such appeals. Under no circumstances will <br /> the City be obligated to grant refunds for a fiscal year extending beyond the fiscal year <br /> immediately preceding the fiscal year in which an appeal was filed. <br /> Interpretations may be made by resolution of the City Council for purposes of <br /> clarifying any vagueness or ambiguity as it relates to the Special Tax or the Maximum Annual <br /> Special Tax Rates, the method of apportionment, the classification of properties, or any <br /> definition applicable to the CFD. <br /> B-S <br />