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If the fiscal year beginning 7/1 in which commercial square footage first becomes subject to taxation is: 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Thereafter 12/03/2012 Then for as long as the Parcel on which such commercial square feet is located is a Taxable Parcel, such commercial square feet shall thereafter be taxed at: $0.232 per square foot $0.244 per square foot $0.258 per square foot $0.272 per square foot $0.287 per square foot $0.30.3 per sgtjare foot $0.319 per square foot $0.337 per square foot $0.355 per square foot $0.375 per square foot $0.395 per square foot $0.417 per square foot $0.440 per square foot $0.464 per square foot $0.490 per square foot $0.490 per square foot Inactive Parcels, Prepaid Parcels and Tax-Exennpt Parcels shall not be subject to the levy of Special Taxes. Section b. Apportionment, levy and Selection of Special Tax Rates A Special Tax rate per Developed Commercial Square boot or Approved Commercial Square Foot allocable to each Taxable Parcel in the CFD shall be established annually by the City Council. The Special Tax rate or rates per Developed Commercial Square Foot or Approved Commercial Square Foot allocable to each Taxable Parcel shall then be multiplied by the Developed Commercial Square Feet or Approved Commercial Square Feet on each such Taxable Parcel to determine the Special Tax applicable to each such Taxable Parcel. Prior to July 1 of each Fiscal Year for which Annual Costs are payable, the Special Tax rate per Developed Commercial Square Foot or Approved Commercial Square Foot allocable to each Taxable Parcel in the CPD shall be established as follows: Step 1 The total Annual Costs for such Fiscal Year shall be projected. Step 2 The sum of unexpended fund balances (including amounts collected in the prior Fiscal Year to be applied to Debt Service in such Fiscal Year) held under the fiscal agent agreement securing outstanding Bonds that is available to pay Debt Service in such Fiscal Year shall be determined. Step 3 The amount of Debt Service due in such Fiscal Year payable from Annual Tax Revenues collected in the prior Fiscal Year shall be determined. Step 4 The amounts calculated in steps 1 and 3 above shall be added together and the amount determined in step 2 above shall be subtracted from such sum to arrive at the Annual Tax Revenues to be collected in such Fiscal Year. B-5 E4 RES4. # 15237 MUFF # 505