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08/09/2010 EXHIBIT C ATTACHMENT 2 "Non-Residential Property" means all Assessor's Parcels of Developed Property for which a building permit permitting the construction of one or more non - residential units or facilities has been issued by the City, excluding Hotel Property. "One Time Special Tax" means a one -time special tax to be levied by the CFD Administrator on Public Property or Property Owner Association Property that is not exempted from the Special Tax under Section F herein, and is therefore required to prepay such Special Tax under Section F. The one -time special tax shall be equal to the Special Tax Prepayment Amount necessary to mitigate the loss of special tax revenues from such excess Public Property or Property Owner Association Property, as calculated under Section 1.3 herein. "Outstanding Bonds" means all CFD No. 2010.1 Bonds which are deemed to be outstanding under the Indenture. "Property Owner Association Property" means, for each Fiscal Year, (i) any property within the boundaries of CFD No. 2010 -1 for which the owner of record, as determined from the County Assessor's secured tax roll for the Fiscal Year in which the Special Tax is being levied, is a property owner's association, including any master or sub - association, (ii) any property located in a Final Subdivision that was recorded as of the January 1 preceding the Fiscal Year in which the Special Tax is being levied and which, as determined from such Final Subdivision, is or will be open space, a common area recreation facility, or a private street, or (iii) any property which, as of the May 1 preceding the Fiscal Year for which the Special Tax is being levied, has been conveyed, irrevocably dedicated, or irrevocably offered to a property owner's association, including any master or sub- association, provided such conveyance, dedication, or offer is submitted to the CFD Administrator by May 1 preceding the Fiscal Year for which the Special Tax is being levied. "Proportionately" means, for Developed Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is equal for all Assessor's Parcels of Developed Property. For Undeveloped Property, "Proportionately" means that the ratio of the actual Special Tax levy per acre to the Maximum Special Tax per acre for such property is equal for all Assessor's Parcels of Undeveloped Property. "Public Property" means, for each Fiscal Year, any property within the boundaries of CFD No. 2010 -1 that is (i) owned by, irrevocably offered or dedicated to the federal government, the State, the County, the City, or any local government or other public agency, provided that any property leased by a public agency to a private entity and subject to taxation under Section 53340.1 of the Act shall be taxed and classified according to its use; or (ii) encumbered by a public utility easement making impractical its use for any purpose other than that set forth in the easement. "Rate and Method of Apportionment" means this Rate and Method of Apportionment for CFD No. 2010 -1. "Residential Floor Area" means all of the square footage of living area within the perimeter of a residential structure, not including any carport, walkway, garage, #15048 MUFF # 506