Commencing fiscal year 2008—2009 and for each subsequent fiscal year, the city, through administrative action, shall cause to be levied special taxes on all assessor’s parcels containing a developed single-family unit, up to the applicable maximum special tax to fund the special tax requirement.

The maximum special tax for fiscal year 2008—2009 shall be eight hundred ninety-eight dollars and fifty-eight cents per developed single-family unit.

On each July 1st, commencing July 1, 2009, the maximum special tax shall be increased by two percent of the approved maximum special tax in effect in the prior fiscal year. The CFD administrator, without action of the city council, may initiate any such annual increase. (Ord. 2007-09 § 1 (Exh. A), 2007)