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6.3.A. - Page 12 � - . Approved Commercial Square Feet attributable to Appraved Commercial Parcels far such Fiscal Year and, in each case, the Maximum Annual Special Tax Rate applicable to such commercial square feet 4} the total number o�Devefoped Commerc�al Square Feet and Approved Commercial Square Fe�t allocable to Prepaid Parcels, 5) the r�et taxable Developed Commercial Square Feet and Approved Cammercial Square Feet allocable to Taxable Parcels for such Fiscal Year, 6} the Special Tax rate necessary to satisfy Annual Costs applicable to such Developed Commercial Square F�Et and Approved Commercial Square Feet allocable to each Taxable Parcel for such Fisca! Year, 7) the amaunt af Special Taxes to be levied on each Taxable Parcel in the next ensuing Fiscal Year, 8) the annual Principal Prepayment Amount allocable to each Taxabfe Parcel, and 9) a Tax Collection Schedule. Parcels shall be classified as of their status applicable in the next Fiscal Year on each Classification Date. The secured properky tax roll, land use codes an� plo� map boaks maintained by the County Assessor of the County, in combination with of�cial records maintained by the City r�garding Development Agreements, recorded final maps, building permits issued, and ather changes �n parcel development status, will be the basis for class�fying the Parcels in the CFD. If the land use code on the secured prope�ty tax roll is incorrect, the City may assign the appropr�ate code based an its review of the status of the property. Commercial Parcels without Developed Camme�cial Square Feet or Approved Cammercial Square Feet shall be cfassifed as Inactive Parcels. Developed Cammercial Parcels and Appraved Commercial Parcels shall be classified as eikher Taxable Parcels or, if the Special Taxes for such Parcels have been prepaid, Prepaid Parcels. Residential Parcels and PubEic Parcefs shall be classified as Tax-Exempk Parcels. Once a Parcel is classified as a Taxable Parcel it may nat be removed from such classification unless i) Special Taxes allocable to such f'arcel have been prepaid pursuant to Section 7 hereof, in which case such Parcel shall be reclassified as a Prepaid Parcel, or ii} the Ci#y Manager determines that such removal shall nat cause the Special Tax rate �er commercial square foot on remaining Taxable Parcels to exceed their respective Maximum Annual Speciai Tax Rates. Once the number of Approved Commercial Square Feet and Developed Commercial Square Feet has been initially allocated to a Taxable Parcef (provided such initial allocakion is not in error), such number may not be reduced unless khe City Manager determines that such reduction shall not cause the Special Tax rate per commercial square foot on remaining Taxable Parcels to exceed their respective Maximum Annual Special Tax Rates. Appraved Commercial Parcels may be reclassified as Developed Commercial Parcels and, if warranted, their taxable commercial square feet reduced subject to the preceding sentence. The 5pecial 7ax shall be levied or�ly on Taxable Parcels, The amaunt of the Special Tax far each Taxable Parcel shall be determined in accordance with the provisions of Section 6 hereaf. Each Taxable Parcel's Special Tax for the next Fiscal Year shaf( be levied against such Parcel's assessor's parcel number as it was shown on the County Assessor's records of Parcefs in the CFD as of the priar January 1 lien date, or such other lien date established by the Caur�ty Assessor. Section 4. Termination of the Special 'fax When all of the CFD's Administrative Expenses and Debt Service abligations are satisfied and no bands authorized far issuance by the CFD remain either unissued or outstanding, the City A-4 2180