|
F4,:S y "%�... J+�{Ar��'�1.1. '. K' /I'�!r's•tyiF t+.4`,i;tSY..S`+1-Y �T S(tlab.��Y ByFMME
<br />�%S'9'"�2u.: -
<br />!J.2. TM1flil/Z .:!}4+ �J YFiF {,LP' t i /L,� >�"r S3J•�,. `� S!- LLt it T% AIYRP YfP }Y
<br />F f b;Bon%St9+v ;4�, Ri t ... }r'
<br />5 5 TY F' e` 2 Z 41Y{`: -' i JFK Lf JL"l'C
<br />f� tif
<br />Fa
<br />} �;,.�>:�.. '� '..:�,-t;� '� �n �I/ {
<br />. �; r,,..,^, :Dr,44. ;.,,. ,- rr,3s,�;, ec�allkssl335' /l�Po�;atlon a •s e � ,� y ,,. +� r r
<br />Units Assessed Annual Annual Equivalent
<br />Square Value Per Build Out Total Annual Assessment Assessment Installment Installment Tax Rate per
<br />Land Use Feet UnItISF Value Asseassment Installment per Unit per SF per Unit per SF $100 AV
<br />RetalVCommerolal 876,000 $ 114 $ 100,000,000 $ 2,358,786 $ 171,077 $ - $ 2.70 $ - $ 0.20 $ 0.17
<br />Multl-Family 400 $ 70,000 $ 28,000,000 $ 660,460 $ 47,901 $ 1,651 $ - $ 120 $ - $ 0.17
<br />Business Park 3,150,000 $ 98 $ 308,000,000 $ 7,265,061 $ 526,916 $ $ 2.31 $ - $ 0.17 $ 0.17
<br />Commercial 300,000 $ 100 $ 30,000,000 $ 707,636 $ 51,323 $ $ 2.36 $ $ 0.17 $ 0.17
<br />Mixed -Use 92,000 $ 100 9,200,000 217,008 15,739 $ $ 2.36 $ $ 0.17 $ 0.17
<br />Single Family 575 $ 215,000 $ 123,625,000 $ 2,916,049 $ 211,494 $ 6,071 $ $ 368 $ $ 0.17
<br />Total $598825,000 $ 14,125,000 $ 1,024450 $ 0.17
<br />�g
<br />�a�) PSlirq$testised brj t;.a .��N4;S ,YHe 191,,®sps:aTlop[d8ry; h�rCl' Co ngll IThHrGW Iryyljt qn rr-y `...,W§
<br />es�rr. oPd �5b er itis v°a0 i
<br />} � � ��a;:,ry .c�P �ri�° $ -ecr1 � � v�l�h� ste � b I�Pldet��ndia{��7k`o 41�p si;' 1if����g,�+l� pfa�•IJ�i atg dP,�Pf05iY:�j�'
<br />'ih � j ri 4' ...xrsit r t? l' , p, s r tr +'S n �. r „+ ix rij•. �'.. t i
<br />�� 4��er � �o,��l,��x4�r��fi�i•��is�''�as P'�OSt�4,�� a .°mss �� �n ����"�f�}�I t3o�fi �g����,]n`p � to ��ea o ;� I �t�a asS�i�e
<br />few:.E '�#C.�3�'e'1��k'�;n�:1��4?.fir�K: `_t',"�^.,���+?f��R'r..fs� F�r��`&
<br />el::'Y� :"�.=.-wt.. ...u'f4,.!+`, i,+�"�a"S°fie%.e.ii9�.�`.�•.���.�i.:CK+.-�i.'S.2:1.1iY��'�,, ,, sr �i.•.�.r�s."r�k�
<br />E. Special Assessment and Annual Installments
<br />The Special Assessments will be levied on each Parcel or Lot according to the Assessment
<br />Roll, as applicable. The Annual Installments for the Special Assessments will be collected on
<br />the dates and in the amounts shown on the Assessment Roll, subject to any revisions made
<br />during an Annual Service Plan Update.
<br />F. Administrative Expenses
<br />The cost of administering the PID and collecting the Annual Installments shall be paid for
<br />on a pro rata basis by each Parcel or Lot based on the amount of outstanding Special
<br />Assessment remaining on the Parcel or Lot. The Administrative Expenses shall be collected
<br />as part of and in the same manner as Annual Installments in the amounts shown on the
<br />Assessment Roll shown on Appendix A. which is subject to revision through Annual
<br />Service Plan Updates.
<br />G. Additional Interest
<br />Pursuant to the PID Act, the interest rate for Special Assessments may exceed the actual
<br />interest rate per annum paid on bonds issued by a PID by no more than one half of one
<br />percent (0.50%) per annum, (the "Additional Interest"). For the PID, there will be forty
<br />percent (40.0%) of the funds generated by the Additional Interest (i.e. 0.20%) per annum
<br />that is dedicated to fund the Prepayment Reserve as described in Section IV.H below. The
<br />remaining sixty percent (60.0%) balance of the funds generated by the Additional Interest
<br />(i.e. 0.30%) per annum is dedicated to the Delinquency Reserve as described in Section
<br />Ml below.
<br />14
<br />
|