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TABLE I <br /> TAX ZONE 1 <br /> ASSIGNED SPECIAL TAX—DEVELOPED PROPERTY <br /> Land Residential Assigned <br /> Use Description Floor Area Special Tax <br /> Class (Square (Fiscal Year <br /> Footage) 2021-22)* <br /> ISingle Family Detached Property < 1,601 $1,663 per Unit <br /> .........................­­­­­ -..... ..... __............- - ......................... ........................... ........... <br /> 2 Single Family Detached Property 1,601 — 1,800 $1,913 per Unit <br /> ............... .......... ....................... ........................ <br /> 3 Single Family Detached Property 1,801 —2,000 $2,163 per Unit <br /> p <br /> ................. ........y....__ .......... ............I'll................ ......................- <br /> 4 Single FamilDetached Property 2,001 —2,200 $2,5')7 per Unit <br /> ............. ............................................- .................................... ................ ... .........- <br /> 5 Single Family Detached Property 2,201 —2,400 $2,869 per Unit <br /> .......... ................ ....... ..... .... ..... ..... <br /> 6 Single Family Detached Property 2,401 —2,600 $3,119 per Unit <br /> ..... ........................... .. ..... .... ..................-11 11................ <br /> 7 Single Family Detached Property >2,600 $3,410 per Unit <br /> 8 Single Family Attached Property $1,281 per Unit <br /> 9 Other Residential Property $11,298 per Acre <br /> 10 Non-Residential Property $11,298 per Acre <br /> On July 1, 2022, and on each July I thereq/ter, all of the Assigned Special Tax <br /> rates shown in Table I above shall be increased by an amount equal to two <br /> percent (2.0%) of the amount in ef <br /> ,fect.for the prior Fiscal Year. <br /> 2) Backup Special Tax <br /> Prior to the First Bond Sale, if a Land Use Change occurs that <br /> results in a change in Expected Maximum Special Tax Revenues, <br /> no action will be needed pursuant to this Section C.I.a.2. Upon <br /> identification of the Land Use Change, the CFD Administrator <br /> shall update Attachment 2 to reflect the revised Expected <br /> Maximum Special Tax Revenues, which shall then be the amount <br /> used to size the Bonds being issued. <br /> After the First Bond Sale, if a Land Use Change occurs that <br /> results in a change in Expected Maximum Special Tax Revenues, <br /> no action will be needed pursuant to this Section C.I.a.2 as long <br /> as the Required Coverage will still be achieved. Upon <br /> identification of the Land Use Change, the CFD Administrator <br /> shall update Attachment 2 to show the revised Expected <br /> Maximum Special Tax Revenues. <br /> If the CFD Administrator determines that a Land Use Change <br /> would result in a failure to achieve the Required Coverage, the <br /> Hawaii County CFD No. 1-2021 9 June 23,2021 <br />