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6.3.A. - Page 14 _ Developed Commercial Square Feet or Approved Commerc�al Square Feet on each such 7axable 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 peveloped Commerciat Square Foot or Approved Commercial Square Foot allocable to each Taxable Parcel in the CFD shall be established as follaws: Step 1 The total Annual Costs for such Fiscal Year shall be projected. Step 2 7he sum of unexpende� fund balances {including amaunts collected in khe prior Fiscal Year to be applied ta Debt Service in such Fiscal Year) held under the fiscal agent agreement securir�g outstanding bonds that is availabfe#a pay Debt Service in suc� Fiscal Year shall be determined. Step 3 The amou�t of Debt Service due in such Fiscal Year payable from Annual Tax Revenues collected in the�rior Fiscal Year shall be determined. Step 4 The amounts calculated in steps 1 and 3 above shall be added kogether and the amount determine� in step 2 above sha1� be subtracted from such sum to arrive� at the Annual Tax Revenues to be collected in such Fiscal Year. Step 5 7he Maximum Annual Specia! Tax Rate �or rates, as the case may be) applicable to each Taxable Parcel shall be multipEied by the taxable cammercial square feet corresponding to such rate(s). Step fi If the total af the amounts cafculated ir� Step 5 is greater than the Annuai Costs, all Special Tax rates shall be decreased by equal proportions of the applicable Maximum Annual Special Tax Rates until the Special Tax rates on all Taxable Parcels praduces scheduled Annuaf Tax Revenue equal ta the projected Annual Costs. Step 7 An annual Special Tax shall be determined for each Taxable Parcel by multiplying the Special Tax rate(s) identified in Step 6 abflve times the number o#commercial square feet taxable at such Special Tax rate(s)on each such Taxable Parcel, After each Parcel has been annually classified, the annual Special Tax and Principai 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 far each Taxable Parcel to the County Auditor, requesting that the 7ax CollECtipn Schedule be placed on the secured proper#y tax rall for the applicab�e Fiscaf Year. �he Tax Collection Schedule shall be sent nat later than August 10 or such other date required by the County Auditor for such placement. The City shall make every effort to correctly assign the Special Tax rates and calculate t�e annual Speciak Tax liability for each Taxable Parcel and the annual Principal Prepayment Amount for each Taxable Parcel. It sha11 be the burden of the taxpayer to correct any errors in the A-6 2iso