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Acting in its legislative capacity and based on information provided by the Developer and its engineer and reviewed by the City staff and by third -party consultants retained by the City, the City Council has determined that the costs related to the Authorized Improvements shall be allocated as follows: ■ The costs of the Major Improvements shall be allocated to Improvement Area #1 and the Remainder Area based upon Estimated Buildout Value of each Parcel or Assessed Property to the Estimated Buildout Value of the District. Currently, the Remainder Area is allocated 70.10% of the Major Improvements costs, and Improvement Area #1 is allocated 29.90% of the Major Improvements costs. The Remainder Area and Improvement Area #1's shares of the Major Improvement costs are illustrated in Exhibit B-2. ■ The costs of the Improvement Area #1 Authorized Improvements shall be allocated to each Parcel within Improvement Area #1 based on the ratio of the Estimated Buildout Value of each Parcel designated as Improvement Area #1 Assessed Property to the Estimated Buildout Value of all Improvement Area #1 Assessed Property. Currently, the Improvement Area #1 Initial Parcel is the only Parcel within Improvement Area #1, and as such, the Improvement Area #1 Initial Parcel is allocated 100% of the Improvement Area #1 Authorized Improvements. B. Assessments The Improvement Area #1 Assessment will be levied on the Improvement Area #1 Initial Parcel in the amount shown on the Improvement Area #1 Assessment Roll, attached hereto as Exhibit F-1. The projected Improvement Area #1 Annual Installments are shown on Exhibit F-2 and are subject to revisions made in the any Annual Service Plan Update. Upon division or subdivision of the Improvement Area #1 Initial Parcel, the Improvement Area #1 Assessment will be reallocated pursuant to Section VI. The Maximum Assessment for each current Lot Type is shown on Exhibit E. In no case will the Assessment for Lots classified as Lot Type 1 exceed the corresponding Maximum Assessment for each Lot Type classification. C. Findings of Special Benefit Acting in its legislative capacity and based on information provided by the Developer and its engineer and reviewed by the City staff and by third -party consultants retained by the City, the City Council has found and determined the following: ■ Improvement Area #1 „ ................... K PUBLIC IMPROVEMENTDISTRICT SERVICE wASSESSMENT ►