Res00 13889 - Laserfiche WebLink

Browse Search

"Final Development Plan" means a site plan and overall architectural and/or landscaping plan describing contemplated development on a Parcel, as more specifically defined in the Development Agreement. "Fiscal Year" means a period beginning July 1 and ending the following June 30. "Maximum Annual Special Tax Rate" means the maximum amount of Special Taxes per Commercial Square Foot that may be levied against a Taxable Parcel. "Net Taxable Square Feet" means the total amount of Commercial Square Feet subject to the levy of Special Taxes in any given Fiscal Year. "Parking Unit" means the number of parking spaces assigned to a Building Parcel to serve Commercial Square Feet on a different Building Parcel pursuant to the Development Agreement, or a Final Development Plan when applicable. "Parcel" means any Parcel within the boundaries of the CFD that is identified by an Assessor's parcel number on the secured tax rolls of the County as of the January 1 lien date (or such other lien date as may be established by the Assessor) of the prior Fiscal Year. "Parcel Classification" means the placement of each Parcel into its respective classification as such parcel exists on each Classification Date. "Prepaid Parcel" means any Parcel that has prepaid in full pursuant to this Rate and Method of Apportionment the Special Taxes to be levied against such Parcel in satisfaction of its pro rata share of Annual Costs. "Principal Prepayment Amount" means the amount of unpaid outstanding bond principal and authorized but unissued bond principal of the CFD allocable to each Taxable Parcel as of the date of such calculation. "Public Parcel" means any Parcel that is, or pursuant to a Final Development Plan, is designated to be, publicly owned and which is normally exempt from ad valorem taxes under California law, including public streets, schools, school district administrative offices, police and fire facilities, parks, and public drainage ways, rights -of -way, landscaping, greenbelts and open space. "Residential Parcel" means any Parcel approved by the City for single or multi - family residential use which does not contain any Commercial Square Feet. "Special Tax" or "Special Taxes" means any tax levy by the City Council with respect to the CFD under the Act on Taxable Parcels. "Special Tax Report" means the report prepared annually pursuant to Section 3 hereof. "Tax Collection Schedule" means the document prepared by the City Manager for use by the Auditor in collecting the Special Taxes each Fiscal Year pursuant to Section 6 hereof. AdopWn Draft 4124/00 Ci -3