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s JUL-22-97 TUE 12:37 G P&M 310 439 1146 P.02 <br />Exhibit A <br />City of Cotton <br />Community Facilities District 90-1 <br />1997/98 Special Tax Levy <br />The annual special tax levy is determined by summing the amounts necessary to pay debt service on <br />the bonds and pay administrative expenses for the year, In addition, amounts may be added to <br />replenish the Reserve Fund for any delinquencies incurred, and credits may be given for any funds on <br />hand, <br />1997198 Debt Service Requirements <br />interest Due 3/1/98 <br />164,025.00 <br />Interest Due 9/1/98 <br />Principal Due 9/1/98 <br />164,025,00 <br />Replenish Reserve Fund <br />50,000.00 <br />(0:00) <br />Less: Available Funds <br />Total <br />(0.00) <br />Debt Service Levy <br />2,000.00 <br />( $378,OSO.00J <br />1997/98 Administrative Expense Requirements <br />City Staff <br />$3,647.69 <br />Paying Agent <br />4,500.00 <br />Legal Fees <br />10,000,00 <br />CFD Administrator <br />2,000.00 <br />Arbitrage Rebate Calculation (97/98) <br />2,025.00 <br />Arbitrage Rebate Calculation (5th Year) <br />2,025.00 <br />Publish Tax Rates <br />0.00 <br />Postage <br />9.61 <br />County Fee <br />2.70 <br />Miscellaneous Expenses <br />500.00 <br />Reimbursement to City for 1996/97 legal fees <br />8,435.00 <br />Less: Available Funds <br />(0.00) <br />Total Administrative Expense Levy <br />33,145.t)i) <br />1997/98 Special Tax Requirement <br />( <br />$411,195 <br />The following chart shows the 1997/98 Maximum Special Tax and the Actual Special <br />Tax being <br />levied for the 1997/98 tax year. <br />1997/98 1997/98 <br />Maximum Actual <br />1997/98 <br />1997/98 <br />Property Classificafion -So pial Tax Special Tax <br />Acrss <br />TQt J3e.xen.Lt9 <br />TRA 1 $500,000 $300,419.06 <br />4.,98 <br />$300,419.06 <br />TRA 2 $200,000 $110,775.94 <br />2.54 <br />$_UQ,Z,_94 <br />$411,195.00 <br />