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· .- EXHIBIT A <br /> <br /> RATE AND METHOD OF APPORTIONMENT <br /> REDWOOD SHORES COMMUNITY FACILITIES DISTRICT NO. 99-1 <br /> (SHORES TRANSPORTATION IMPROVEMENT PROJECT) <br /> OF THE CITY OF REDWOOD CITY <br /> <br /> Section 1, Definitions <br /> <br /> The defined terms below shall apply wherever such terms are used in this Rate and <br /> Method of Apportionment. <br /> <br /> "Act" means the Mello-Roos Community Facilities Act of 1982 (Chapter 2.5, Part 1, Division 2, Title <br /> 5 of the California Government Code), as amended from time to time. <br /> <br /> "Administrative Expenses" means the actual or estimated costs incurred by the City to determine, <br /> levy and collect the Special Taxes, including salaries of City employees and the fees of <br /> consultants, corporate bond paying agents, fiscal agents and bond trustees; the costs of collecting <br /> installments of the Special Taxes; preparation and maintenance of required records and repods; <br /> preparation of financial audits; and any other costs required to administer the CFD. <br /> <br /> "Annual Costs" means, for each Fiscal Year, the total of 1) an amount sufficient to pay Debt <br /> Service in a timely manner, 2) Administrative Expenses, and 3) any amounts needed to replenish <br /> bond reserve funds and to make up for any deficit caused by actual or estimated delinquencies in <br /> Special Taxes for the previous or current Fiscal Year. <br /> <br /> "Annual Tax Revenues" means the amount of Special Taxes collected each Fiscal Year to pay the <br /> Annual Costs. <br /> <br /> "Approved Commercial Parcel" means a Commercial Parcel that has been approved for <br /> commercial development by the City pursuant to a vested Development Agreement or a recorded <br /> final map approved by the City and is not a Developed Commercial Parcel. <br /> <br /> "Approved Commercial Square Feet" means the maximum amount of commercial square feet that <br /> could be constructed on an Approved Commercial Parcel pursuant to a vested Development <br /> Agreement or a recorded final map approved by the City. If an Approved Commercial Parcel is <br /> subdivided, the City Manager may assign Approved Commercial Square Feet to successor <br /> Parcels provided that the total number of Approved Commercial Square Feet on such successor <br /> Parcels may not exceed the Approved Commercial Square Feet assigned to the predecessor <br /> Parcel. <br /> <br /> "Auditor" means the Auditor for the County or his or her designee. <br /> <br /> "CFM" means Redwood Shores Community Facilities Distdct No. 99-1 (Shores Transportation <br /> Improvement Project) of the City of Redwood City. <br /> <br /> "Classification Date" means each June 1. <br /> <br /> "City" means the City of Redwood City, California. <br /> <br /> (4~27~99) A-1 2~'180 <br /> <br /> <br />