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<br />. <br /> <br />C. SPECIAL ASESSMENTS <br /> <br />1. The Amount of the Special Assessment <br /> <br />The total of the Special Assessments, the Principal Portion of the Special Assessments, <br />and the Annual Installments shall not exceed the amounts set forth in the Special <br />Assessment Roll as it may be updated at the issuance of the Bonds and from time to time <br />as provided for herein. The Special Assessment for each Parcel shall not be changed <br />except pursuant to the provisions of herein. <br /> <br />Upon a change in the estimate of the total of the Equivalent Units of a Parcel, the Board <br />of Directors may reapportion the Special Assessment on some or all of the Parcels upon <br />the unanimous request of the owners of the Parcels for which the Special Assessment is <br />to be reapportioned. The reapportionment shall be made according to the following <br />formula: <br /> <br />A = (B + C) x D <br /> <br />Where the terms have the following meanings: <br /> <br />. <br /> <br />A = the Special Assessment of the Parcel <br />B = the Equivalent Units of a Parcel <br />C = the total Equivalent Units of all Parcels subject to the reallocation <br />D = the total of the Special Assessments for all Parcels subject to the <br />reallocation. <br /> <br />The computation of the Equivalent Units shall be calculated by the Administrator, based <br />on the information available regarding the use of the Parcel, and the estimate of the <br />Administrator shall be final. The Administrator shall use consistent standards in <br />preparing the calculations and shall prepare and keep in the records of the CDA the <br />computations made according to this section. <br /> <br />The total of all Special Assessment shall not be reduced after the issuance of Bonds <br />except as provided below. <br /> <br />2. Reapportionment of Special Assessment Upon the Subdivision of a Parcel <br /> <br />Upon the subdivision of any Parcel, the Special Assessment (including both the Principal <br />Portion of the Special Assessment and the Annual Installments) of the Parcel prior to the <br />subdivision shall be reallocated to each new Parcel in proportion to the Equivalent Units <br />of each Parcel and the Special Assessment for the Parcel prior to the subdivision. The <br />reapportionment of the Special Assessment shall be represented by the formula: <br /> <br />A = B x(C + D) <br /> <br />. <br /> <br />Where the terms have the following meanings: <br /> <br />Page 4 of8 <br /> <br />