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6.3.A. - Page 16 _ Step 1 T�e total number of Developed Cammercial Square Feet and Ap�roved Cammercial Square Feek allacable to Taxable Parcels in the CFD as of the Classification Date for such Fiscal Year shall be determined. Step 2 The total amount of unpaid band pnncipal autstanding at the beginning of each F�scal Year plus autharized and unissued bond principal shalf be determined, from which amount shall be subtracted any principal caming due in such Fiscal Year, the paymenk of which was provided for in the collection of t�e prior Fiscal Year's Annual Tax Revenues. Step 3 The net amount determined in step 2 above shal! be divided by t�e total Net �axable Square Feet far such Fiscal Year as determined in step 1 abave to amve at the unpaid autf�orized bond principal per Net Taxable Square Foot for such Fiscal Year. Step 4 For each 7axable Parcel, the unpaid authorized bond principal per Net Taxable Square Foat for such Fiscal Year as determined in step 3 above shall be multiplied by the total number of Net Taxable Square �eet allocable to such Taxable Parcel to arrive ak the Pri�cipal Prepayment Amount allocable to each such Taxable Parcel. In each Fiscal Year, the owner of a Taxable Parcel may prepay the future Special Tax obligat�ons of such Parcel by paying in casE�the sum of i)the amount of any delinquent and unpaid instal[ments of Special Taxes levied against such Parcel, together with any penalties, interest and costs due thereon, ii) the Special Taxes levied against such Parcel in such Fiscal Year, iii) the Principal �repayment Amount allocable to such �axable Parcel in such Fiscal Year, iv) a prepayment premium in an amount equal to the prepayment premium required under the fiscal agent agreement to be paid on oukstanding bvnds to be called an the next permissible call date times the ratio that such Parcel's number af taxable commercia� square feet bears to the tota! taxable commerciak square feet in suc� Fiscal Year times the unpaid bond pr�ncipal outstanding at the beginning of such Fiscal Year, v) a reasonable fee, �xed by the City, for the cost of administering the prepayment ar�d the advance redemption af bonds, and vi} a credit for such Taxable Parcel's pro rata share of the r�serve fund balance (if any} established under the fiscal agent agreement. Section 8. Applicatior� of Surplus Tax Revenues Any amounts collected in excess af Annual Casts shall be appiied as stipulated in the fiscal agent agreement securing oukstanding bands of the CFD. Section 9. Administrative Changes The City Manager has the authority to make necessary administrative adjustments to the Rate and Method of Apportionment in order to remedy any portions of this Rate and Method of Apportionment that require clarification, provided that no such adjustment shall result in a tax levy A-$ 2180