AgdaPkt 2020-10-26 Joint SA PFA - Laserfiche WebLink

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7.A. - Page 34 of 176 "Service Special Tax for Levees" means the special tax levied against Seaport Centre Taxable Parcels and the Seaport Plaza Taxable Parcel, if applicable, to finance the costs and expenses of Services for Levees in accordance with Section 5 hereof. "Service Special Tax for Wet Utilities" means the special tax levied against Seaport Centre Taxable Parcels to finance the costs and expenses of Services for Wet Utilities in accordance with Section 5 hereof. "Special Tax" or "Special Taxes" means collectively, the Facilities Special Tax and the Services Special Tax. "Special Tax Report" means the annual report prepared by the City Manager pursuant to Section 5 hereof. "Tax Collection Schedule" means the document prepared by the City Manager pursuant to Section 5 hereof, and used by the Auditor in levying the Special Taxes on the County's secured property tax roll and collecting the Special Taxes each Fiscal Year. "Taxable Parcel" means, initially, those parcels identified with Assessor's parcel numbers in Exhibit 1 hereto as taxable parcels, and subsequently, (i) any parcels into which such initial Taxable Parcels may be reconfigured and/or subdivided, (ii) any Public Parcel that is leased by a public agency to a private entity and subject to taxation under Section 53340.1 of the Act, and/or acquired by a private entity, and (iii) any Initial Non -Taxable Parcel for which a Building Permit was issued after January 1, 2020, and on or before June 1 of the Fiscal Year preceding the Fiscal Year for which the Special Taxes are being levied, for either such Initial Non -Taxable Parcel or an adjacent Taxable Parcel if the Initial Non -Taxable Parcel is the basis for the increase in FAR for construction on the adjacent Taxable Parcel. "Tax -Exempt Parcel" means any Parcel that is a Public Parcel. However, Taxable Parcels that are acquired by a public entity after the CFD Formation Proceedings shall remain subject to the applicable Special Tax, except as provided in Section 53317.3 of the Act. "Wet Utilities" means the Storm Drain Systems Improvements, Water Facilities and Sanitary Sewer Facilities, as each term is defined in the CFD Formation Proceedings, existing in and for Seaport Centre. SECTION 2 DETERMINATION AND CLASSIFICATION OF PARCELS SUBJECT TO SPECIAL TAX Special Taxes shall be levied only on Taxable Parcels. The amount of the Special Tax for each Taxable Parcel shall be determined in accordance with the provisions of Section 5 hereof. Each Taxable Parcel's Special Taxes for the next Fiscal Year shall be levied against such Parcel's Assessor's parcel number as it was shown on the County Assessor's records of Parcels in the CFD as of the prior January 1 lien date, or such other lien date established by the County Assessor. ATTY/RESO.0121/CC RESO REDWOOD CITY ROI ESTABLISH REV: 10-21-2020 MI Page 16 of 26 216