AgdaPkt 2010-08-09 - Laserfiche WebLink

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(j.Lts Page 25 ATTACHMENT 2 EXHIBIT C individual lots for which building permits may be issued without further subdivision. The term "Final Subdivision" shall not include any Assessors Parcel Map or subdivision map or portion thereof, which does not create individual lots for which a building permit may be issued, including Assessor's Parcels that are designated as remainder parcels. "Fiscal Year" means the period starting July 1 and ending on the following June 30. "Hotel Property" means 2.83 acres of Developed Property located within Lot 1 as depicted for hotellretail on One Marina Vesting Tentative Map approved by Redwood City Planning Commission on July 20, 2010 for which a building permit for the construction of a place of lodging providing sleeping accommodations and related facilities, including community serving retail, for travelers is intended to be issued by the City. Furthermore, if Lot 1 described in the preceding sentence is subsequently changed or modified by recordation of a lot line adjustment or similar instrument, and only if the CFD Administrator determines that such change or modification results in a decrease in the Acreage of Lot 1 to below 2.83 acres, then for purposes of this Rate and Method of Apportionment the sum of the Acreage for all newly created parcels affected by such lot line adjustment or similar instrument shall be equal to 2.83 acres and computed as follows: (a) determine the Acreage for each lot created by such lot line adjustment or similar instrument for which building permits mayor have already been issued (a "Buildable Loe), (b) divide the Acreage for each newly created Buildable Lot by the aggregate Acreage of the Buildable Lots calculated in part "a" to determine the percentage of the aggregate Acreage to be allocated to such lots, and (c) multiply the percentages(s) computed in part "b" by the aggregate Acreage of the original Lot 1 to determine the number of acres for each Buildable Lot. IIlndenture" means the indenture, fiscal agent agreement, resolution or other instrument pursuant to which CFD No. 2010-1 Bonds are issued, as modified, amended andlor supplemented from time to time. "Land Use Class" means any of the classes listed in Table 1 and Table 2, below. "Location" means Marina View Property or Non-Marina View Property as defined in this Section A. "Marina Property" means all property located within Lot 4 as depicted for existing preserved marina basin on One Marina Vesting Tentative Map approved by Redwood City Planning Commission on July 20, 2010. "Marina View Property" means all Residential Property that have (i) front, rear, or side yard frontage along the Marina Property, or (ii) direct front door access to the Marina Property. "Maximum Special Tax" means the maximum Special Tax, determined in accordance with Section C herein, that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property. "Non-Marina View Property" means all Residential Property that is not Marina View Property .