Calculate the Special Assessment to be Collected From. Each Parcel This task involves calculating the amount of the special assessment to be collected from each parcel each year. The Trustee shall certify in each of the years 2007 through 2027 to the Administrator and the City the amount of funds available in the Debt Service Fund to pay interest on the Bonds. Based on Trustee’s certification and pursuant to this agreement, the Administrator shall calculate annually on or before the last Tuesday of December for each of the years 2007 through 2027 the special assessments necessary to pay debt service on the bonds. The special assessment to be collected from each parcel shall be calculated based on the special assessments necessary to pay debt service on the Bonds and the allocation of the special assessments to be each parcel.
