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derived from services or improvements funded, provided or caused to be provided by the District. (c) The District is authorized by the ern Act to assess and collect an annual special assessment on all property within the District. It is anticipated that the District will establish one (1) class of real property within the District for purposes of special assessments, which class shall consist of all residential units within the District (the "Residential Class"). Special assessments applicable to the Residential Class shall not exceed $2.50 per each $100 of the Original Sale Price paid by the initial purchaser of a residential unit (the "Original Sale Price") for each residential unit of real property within the District (each, a "Unit"), beginning for each respective Unit on the date, as determined by the Assessor of St. Louis County, Missouri (the "Assessor"), of the commencement of tax abatement for such Unit (for each Unit, the "Initial Assessment Date"). For any Units which remain unsold on the Initial Assessment Date, the special assessment shall be determined using the average sale price for comparably sized and equipped units as of the Initial Assessment Date. (d) The District shall have no power to levy any real property tax upon real property within its boundaries. Section Three. The District is authorized by the crn Act, at any time, to issue obligations, or to enter into agreements with other entities with the authority to issue obligations, for the purposes of carrying out any of its powers, duties, or purposes. Such obligations shall be payable out of all, part or any combination of the revenues of the District and may be further secured by all or any part of any property or any interest in any property by mortgage or any other security interest granted. Such obligations shall be authorized by resolution of the District, and if issued by the District, shall be such date or dates, and shall mature at such time or times, but not more than twenty (20) years from the date of issuance, as the resolution shall specify. Such obligations shall be in such denomination, bear interest at such rate or rates, be in such form, be payable in such place or places, be subject to redemption as such resolution may provide and be sold at either public or private sale at such prices as the District shall determine subject to the provisions of Mo. Rev. Stat. 9108.170. The District is also