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"Maximum Annual Special Tax Rate" means the maximum amount of <br />Special Taxes per Approved Commercial Square Foot and Developed <br />Commercial Square Foot that may be levied against a Taxable Parcel. <br /> <br />"Net Taxable Square Feet" means the total amount of Developed Commercial <br />Square Feet and Approved Commercial Square Feet subject to taxation in any <br />given Fiscal Year. <br /> <br />"Parcel" means any Parcel within the boundaries of the CFD that is identified <br />by an Assessor's parcel number on the secured tax rolls of the County as of the <br />January 1 lien date (or such other lien date as may be established by the <br />Assessor) of each Fiscal Year. <br /> <br />"Parcel Classification" means the placement of each Parcel into its respective <br />classification as such parcel exists each Classification Date. <br /> <br />"Prepaid Parcel" means any Parcel that has prepaid in full pursuant to this <br />Rate and Method of Apportionment the Special Taxes to be levied against <br />such Parcel in satisfaction of its pro rata share of Annual Costs. <br /> <br />"Principal Prepayment Amount" means the amount of unpaid outstanding <br />bond principal and authorized but unissued bond principal allocable to each <br />Taxable Parcel as of the date of such calculation. <br /> <br />"Public Parcel" means any Parcel that is, or is intended to be, publicly owned <br />and which is normally exempt from ad valorem taxes under California law, <br />including public streets, schools, school district administrative offices, police <br />and fire facilities, parks, and public drainage ways, rights-of-way, landscaping, <br />greenbelts and open space. <br /> <br />"Residential Parcel" means any Parcel zoned for single or multi-family <br />residential use. <br /> <br />"Special Tax" or "Special Taxes" means any tax levy with respect to the CFD <br />under the Act on Taxable Parcels. <br /> <br />"Special Tax Report" means the report prepared annually pursuant to Section <br />3 hereof. <br /> <br />"Tax Collection Schedule" means the document prepared by the City Manager <br />for use by the Auditor in collecting the Special Taxes each Fiscal Year <br />pursuant to Section 6 hereof. <br /> <br />"Taxable Classification Date" means the date on which a Parcel is first <br />classified as a Taxable Parcel. <br /> <br /> C-3 13611 <br /> <br /> <br />