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City of San Leandro July 8, 2022 <br />CFD No. 2022-1 (Monarch Bay Shoreline Facilities & Services) Page B-10 <br />D. METHOD OF APPORTIONMENT OF THE SPECIAL TAXES <br />1. Tax Zone A <br />Commencing with Fiscal Year 2023/24 and for each following Fiscal Year, the CFD Administrator <br />shall determine the Special Tax Requirement, and shall levy the Special Tax until the amount of the <br />Special Tax levied equals the Special Tax Requirement. The Special Tax shall be levied each Fiscal <br />Year as follows for Tax Zone A: <br />First: The Special Tax shall be levied Proportionately on each Taxable Property that is Developed <br />Property and Taxable Welfare Exempt Property at a rate up to 100% of the applicable Maximum <br />Special Tax to satisfy the Special Tax Requirement. <br />Second: If additional monies are needed to satisfy the Special Tax Requirement after the first step <br />has been completed, the Special Tax shall be levied Proportionately on each Taxable Property that <br />is Final Map Property at a rate up to 100% of the Maximum Special Tax for Final Map Property to <br />satisfy the Special Tax Requirement. <br />Third: If additional monies are needed to satisfy the Special Tax Requirement after the second step <br />has been completed, the Special Tax shall be levied Proportionately on each Taxable Property that <br />is Undeveloped Property at a rate up to 100% of the Maximum Special Tax for Undeveloped <br />Property to satisfy the Special Tax Requirement. <br />Fourth: If additional monies are needed to satisfy the Special Tax Requirement after the first three <br />steps have been completed, the Special Tax shall be levied on each Taxable Property that is Taxable <br />Property Owner Association Property at a rate up to 100% of the Maximum Special Tax for Taxable <br />Property Owner Association Property to satisfy the Special Tax Requirement. <br />Fifth: If additional monies are needed to satisfy the Special Tax Requirement after the first four <br />steps have been completed, then the Special Tax shall be levied Proportionately on each Taxable <br />Property that is Taxable Public Property at a rate up to 100% of the Maximum Special Tax for <br />Taxable Public Property to satisfy the Special Tax Requirement. <br />2. Tax Zone B <br />Commencing in the Fiscal Year following the Tax Zone B Lease Event and for each following Fiscal <br />Year, the CFD Administrator shall determine the Special Tax Requirement, and shall levy the Special <br />Tax until the amount of the Special Tax levied equals the Special Tax Requirement. The Special Tax <br />shall be levied each Fiscal Year as follows for Tax Zone B: <br />First: The Special Tax shall be levied Proportionately on each Taxable Property that is Developed <br />Property and Taxable Welfare Exempt Property at a rate up to 100% of the applicable Maximum <br />Special Tax to satisfy the Special Tax Requirement. <br />E. EXEMPTIONS <br />1. Tax-exempt status will be assigned by the CFD Administrator in the chronological order in which <br />property becomes Property Owner Association Property or Public Property. Any property that is <br />classified as Property Owner Association Property or Public Property prior to the issuance of the first