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D. Special Assessment Methodology <br />The City Council may assess Actual Costs against Assessed Property so long as the special <br />benefit conferred upon the Assessed Property by the Public Improvements equals or <br />exceeds the amount of the Special Assessments. The Actual Costs may be assessed using <br />any methodology that results in the imposition of equal shares of the Actual Costs on <br />Assessed Property similarly benefited. <br />• Assessment Methodology for Major Improvement Area <br />For purpose of this SAP, the City Council has determined that the Actual Costs of the <br />portion of the Major Public Improvements to be financed with the Major Public <br />Improvement PID Bonds shall be allocated to the Assessed Property by spreading the <br />entire Special Assessment across all Parcels and Lots within Assessed Property based <br />on the ratio of the estimated build out value of each Lot to the total build out value for <br />all Parcels with such Special Assessment not to exceed the Actual Costs allocated to a <br />particular portion of the Project. Table IV -C summarizes the allocation of the Special <br />Assessments relating to the Major Public Improvement PID Bonds for the Assessed <br />Property. <br />Based on the cost estimates provided by the Landowner for the Public Improvements, <br />the City Council has determined that the benefit to the Assessed Property from the <br />Public Improvements is at least equal to the Special Assessments levied on the Assessed <br />Property. <br />The Special Assessments and Annual Installments for each Parcel or Lot is shown on the <br />Assessment Roll, attached as Appendix A, and no Special Assessment shall be changed <br />except as authorized by this SAP or the PID Act. Table IV -C summarizes the initial <br />allocation of the Special Assessment relating to the Major Public Improvement PID <br />Bonds for the Assessed Property at the time the Assessment Ordinance relating to the <br />PID was adopted by the City Council. This SAP will be modified as appropriate based on <br />the actual amount of the PID Bonds that are sold. <br />17 <br />