1990 ORD O-17-90_Special Tax within CFD

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EXHIBIT "A" COMMUNITY FACILITIES DISTRICT NO. 90-1 (Mount Vernon Corridor) of the CITY OF COLTON 1990 SPECIAL TAX BONDS RATE AND METHOD OF APPORTIONMENT OF THE SPECIAL TAX The Special Tax is to be levied by the City on behalf of the District each Fiscal Year in an amount sufficient to pay Debt Service on the Bonds, all Administrative expenses of the City related to the Bonds and the annual administration of the District and all payments required under the Indenture for the Bonds and any supplements thereto. The Special Tax may be levied each Fiscal Year in an aggregate amount not to exceed $700,000 in each Fiscal Year commencing the 1991/92 Fiscal Year. The District is subdivided into two (2) separate Tax Rate Areas. In calculating the annual Special Tax, the Special Tax shall not exceed the following maximum within the respective Tax Rate Areas or the following maximum bonded indebtedness: Tax Rate Area No. 1 Tax Rate Area No. 2 Total Maximum Annual Special Tax Maximum Maximum Special Tax Bonded Indebtedness $ 500,000 $ 4,500,000 200,000 2,000,000 $700,000 $6,500,000 The actual Special Tax to be levied each fiscal year will be calculated for each Parcel within each Tax Rate Area as follows: Bond Proceeds deposited into Improvement Fund for TRA Total Bond Proceeds deposited into Improvement Fund Definitions X Taxable Sq. Ft. of Parcel X Annual = Special Total Taxable Sq. Ft. of TRA Cost Tax Annual Cost equals the Tax Rate Area's proportionate share of the sum of (i) annual Debt Service on the Bonds; (ii) Annual Administrative Fees of the City; (iii) the amount, if any, necessary to replenish the Reserve Fund on the Bonds; and (iv) any other payment required under the Resolution of Issuance and the Indenture and any supplement Indenture thereto. Administrative Fees or Expenses means any or all of the following: the fees and expenses of the Fiscal Agent (including any fees or expenses of its counsel), the expenses of the City in carrying out its duties under the District (including, but not limited to, the levying and collection of the Special Taxes) including the fees and expenses of its counsel, an allocable share of the salaries of the City staff A-2