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"City Council" means the elected legislative body of the City. <br /> <br />"City Manager" means the city manager of the City. <br /> <br />"Commemial Parcel" means a Parcel which is designated for commercial use pursuant to the land <br />use approved for such Parcel by the Redwood Shores Specific Plan or other land use planning <br />document approved by the City. In the event the City has no official land use designation for a <br />Parcel, the land use code on the secured tax rolls of the County may be used to classify such <br />Parcel. <br /> <br /> "County" means County of San Uateo, California. <br /> <br />"Coverage Factor' means a percentage rate equal to ten (10) percent. <br /> <br />"Debt Service" means the total amount of principal and interest due on outstanding bonds of the <br />CFD that must be collected by the County in any Fiscal Year in order to make timely payments of <br />principal and interest on such outstanding bonds. <br /> <br />"Developed Commercial Parcel" means any Commercial Parcel for which a building permit has <br />been issued by the City. <br /> <br />"Developed Commercial Square Feet" means the number of square feet approved for construction <br />as shown on a building permit that has been issued by the City for any Developed Commercial <br />Parcel. <br /> <br />"Development Agreement" means a development agreement approved by the City which allows <br />commercial development of one or more Parcels within the boundaries of the CFD. <br /> <br />"Fiscal Year" means the pedod beginning July 1 and ending the following June 30. <br /> <br />"Inactive Parcel" means a Parcel which is not classified as a Developed Commercial Parcel, <br />Approved Commercial Parcel, Residential Parcel, or Public Parcel. <br /> <br />"Maximum Annual Special Tax Rate" means the maximum amount of Special Taxes per Approved <br />Commercial Square Foot and Developed Commercial Square Foot that may be levied against a <br />Taxable Parcel. <br /> <br />"Net Taxable Square Feet" means the total amount of Developed Commercial Square Feet and <br />Approved Commercial Square Feet subject to taxation in any given Fiscal Year. <br /> <br />"Parcel" means any Parcel within the boundaries of the CFD that is identified by an Assessor's <br />parcel number on the secured tax rolls of the County as of the January 1 lien date (or such other <br />lien date as may be established by the Assessor) of each Fiscal Year. <br /> <br />"Parcel Classification" means the placement of each Parcel into its respective classification as <br />such parcel exists each Classification Date. <br /> <br /> A-2 ~180 <br /> <br /> <br />