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_ _ 6.3.A. - Page 13 <br /> Caur�cil shall determine that the Special Tax shall cease to be levied. The City Cauncil shall then <br /> direct the City Clerk to record a Notice af Cessation of Special Tax as provided by law. <br /> Notwithstanding the foregoing, in na event shall the Special �ax be levied affer the Fiscal Year <br /> ending June 30, 2036. <br /> Section 5. Maximum Annual Special Tax Rate <br /> For each Taxable Parcel, the Maximum Annuaf Special Tax Rate shall be established for <br /> bath Developed Commercial Square Feet and Approved Commercial Square Feet as that <br /> Maximum Annua! Special Tax Rate applicable in the year in which sucf� cammercial square <br /> footage first becomes subject to kaxation. The Maximum Annual Special Tax Rate applicable to <br /> particular Developed Commercial Square Feet or Ap�roved Commercial Square Feet shall not <br /> increase after the year in which it is first so applied. A Taxabfe Parcel may have more than one <br /> Maximum Annual Special Tax Rate applicable to it. Maximum Annual Special Tax Rates shall be <br /> established in accordance with the following schedule. <br /> If the fiscal year beginning 711 in <br /> which commercial square footage first Then for as I�ng as the Parcel on which such commercial square feet is <br /> becomes subject to taxation is: located is a Taxable Parcel,such commercial square feet shall thereafter be <br /> taxed at: <br /> 1999 $0.232 per square foot <br /> Zoaa $0.244 per square foot <br /> 2001 $0.258 per square foot <br /> 2002 $0.272 per square foat <br /> 2003 $0.287 per square foot <br /> 2004 $0.303 per square foot <br /> 2005 $0.319 per square foot <br /> 2006 $0.337 per square foot <br /> 2007 $0.355 per square foot <br /> 2008 $0.375 per square foot <br /> 2009 $0.395 per s�uare fook <br /> 2010 $0.417 per square foot <br /> 2011 $0.44Q per square foot <br /> 2012 $0.464 per square foot <br /> 2013 $0.490 pe�square faot <br /> �fhereafter $0.490 per square foot <br /> Inactive Parcels, Prepaid Parcels and Tax-Exempt Parcels shall not be s�bject ta the levy of <br /> Special Taxes. <br /> Section 6. Apportionment, Levy and Selection of Special Tax Rates <br /> A S�ecia! Tax rate per Develo�ed Commercial S�uare �oot or Approved Commerciaf <br /> Square Faot allocable to each Taxable Parcel in ti�e CFD shall be established annually by the City <br /> Counci�. The Special Tax rate or rates per Develope� Commercial Square Faot ar Approved <br /> Commercial Square �aot allocable ta each Taxable Parcel shal! then be multiplied by tF�e <br /> A-� zisa <br />