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AgdaPkt 2010-08-09
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AgdaPkt 2010-08-09
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Last modified
8/10/2010 4:17:37 PM
Creation date
8/5/2010 2:11:14 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
8/9/2010
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<br />O.Lt:S <br />Page 41 <br /> <br />ATTAcHMENT 2 <br /> <br />EXHIBIT C <br />EXHIBIT A <br /> <br />CERTIFICATE TO AMEND SPECIAL TAX <br /> <br />CITY OF REDWOOD CITY AND CFD No. 2010-1 CERTIFICATE <br /> <br />1. Pursuant to Section C of the Rate and Method of Apportionment, the City of <br />Redwood City ("City") and City of Redwood City Community Facilities District No. <br />2010-1 ("CFD No. 2010-1") hereby agree to a reduction in the Maximum Special Tax <br />for Developed Property within CFD No. 2010-1. <br /> <br />The information in Table 1 relating to the Fiscal Year 2010-2011 Maximum Special <br />Tax for Developed Property within CFD No. 2010-1 shall be modified as follows: <br /> <br />land <br />Use Residential Floor Maximum <br />Class Description Area (square feet) location Special Tax <br />1 Residential Property Less than 1,375 Non-Marina View $L-J per unit <br /> 1,375 to less than Non-Marina View <br />2 Residential Property 1.525 $L-J per unit <br /> Less than 1.375 Marina View <br /> 1,375 to less than Marina View <br />3 Residential Property 1,525 $L-J per unit <br /> 1.525 or Greater NA <br />4 Below Mark Rate Unit NA NA $L-J per unit <br />5 Non-Residential NA NA $L-J per <br />ProDertv acre <br />6 Hotel Property NA NA $L-J per <br /> acre <br /> <br />2. The Maximum Special Tax for Developed Property may only be modified prior to the <br />first issuance of CFD No. 2010-1 Bonds. <br /> <br />3. Upon execution of the certificate by the City and CFD No. 2010-1, the City shall <br />cause an amended notice of Special Tax lien for CFD No. 2010-1 to be recorded <br />reflecting the modifications set forth herein. <br /> <br />By execution hereof, the undersigned acknowledges, on behalf of the City and CFD No. <br />2010-1, receipt of this certificate and modification of the Rate and Method of <br />Apportionment as set forth in this certificate. <br /> <br />CITY OF REDWOOD CITY <br /> <br />By: <br /> <br />Date: <br /> <br />CITY OF REDWOOD CITY COMMUNITY FACILITIES DISTRICT NO. 2010-1 <br /> <br />By: <br /> <br />Date: <br />
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