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I <br />07/09/1996 17:12 3104346681 SCOTT ASSOCIATES <br />PAGE 03 <br />Exhibit A <br />City of C011ton <br />Community Facilities District 88-1 <br />1996/97 <br />Special Tax Levy <br />The annual ayadspecial tax levy is determined by summing the amounts necessary to pay <br />bonds and pay administrative expenses for the year. In addition, amounts may be <br />Reserve Fund for any delinquencies incurred, <br />debt service on the <br />added to replenish the <br />and credits may be given for any funds on hand. This CFD is <br />given a credit for interest earnings from the Construction Fund. <br />1996/97 Debt Service Requirements <br />Interest Due 3/1/97 <br />Interest Due 911/97 $86,966.25 <br />Principal Due 9/1/97 88,966.25 <br />Replenish Reserve Fund 35,000.00 <br />Less: Available Funds 0.00 <br />Total Debt Service Levy (50,000.00) <br />1996/97 Services Requirements <br />r_ $158i932.8U� <br />Police Services <br />0.00 <br />Less: Available Funds <br />Total Services Levy (0.00) <br />1996/97 Administrative Expense <br />—Low <br />City Staff Requirements <br />Fiscal Agent $2,474.77 <br />Legal Fees 2,400.00 <br />CFD Administrator 500.00 <br />Arbitrage Rebate Calculation (95/96) 4,000.00 <br />Arbitrage Rebate Calculation (96/97) 2,525.00 <br />Publish Tax Rates 2,000.00 <br />Postage 100.00 <br />Miscellaneous Expenses 124.29 <br />Less: Available Funds 500.00 <br />Total Administrative Expense Levy (0.00) <br />1996197 Special Tax Requirement <br />_ 14 624.06) <br />$173,556.5_6 1 <br />The following chart shows the 1996/97 Maximum Special Tax and the Actual Special Tax being levied for <br />the 1996/97 tax year. For comparison, the 1996197 Actual Special Tax <br />of 13% over last <br />year's special tax rate. represents a savings <br />to each parcel <br />1996/97 1996/97 <br />EMM:t,. r (Maximum Actual <br />1995/96 <br />n <br />Final Land Use: Colton (180 parcels) S awal-i 15 SRaclal Tax <br />Actual <br />spl 91.w <br />Final Land Use: San Bernardino (208 parcels $871'84 $480.58 <br />$759.27 <br />$553.66 <br />$418.52 <br />$482.18"+ <br />Prepared by Scott Associates <br />4 <br />July 8, 1996 <br />