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08/09/2010 EXHIBIT C ATTACHMENT 2 that notice of redemption of CFD No. 2010 -1 Bonds from the proceeds of such prepayment may be given by the Trustee pursuant to the Indenture that is specified in the report of the Special Tax Prepayment Amount (defined below). A prepayment may also be made for an Assessor's Parcel, or portion therefore, deemed to be excess Public Property and /or Property Owner Association Property, as determined pursuant to Section F herein. The following additional definitions apply to this Section I: "Buildout" means, for CFD No. 2010 -1, that all expected building permits for residential dwelling units and /or non - residential development identified in the Development Plan for CFD No. 2010 -1 have been issued, as reasonably determined by the CFD Administrator. "CFD Public Facilities Costs" means either $11,637,000 in 2010 dollars, which shall increase by the Construction Inflation Index on July 1, 2011, and on each July 1 thereafter, or such lower number as (i) shall be determined by the CFD Administrator as sufficient to provide funding for all of the Authorized Facilities, or (ii) shall be determined by Council concurrently with a covenant that it will not issue any more CFD No. 2010 -1 Bonds (except refunding bonds) to be supported by the Special Tax levy under this Rate and Method of Apportionment as described in Section E herein. "Construction Inflation Index" means the annual percentage change in the Engineering News Record Building Cost Index for the City of San Francisco, measured as of the month of December in the calendar year which ends in the previous Fiscal Year. In the event this index ceases to be published, the Construction Inflation Index shall be another index as determined by the CFD Administrator that is reasonably comparable to the Engineering News Record Building Cost Index for the City of San Francisco. "Future Facilities Costs" means the CFD Public Facilities Costs minus (i) costs of Authorized Facilities previously paid from the Improvement Fund, (ii) moneys currently on deposit in the Improvement Fund available to pay costs of Authorized Facilities, (iii) moneys currently on deposit in an escrow fund that are expected to be available to finance the costs of Authorized Facilities, and (iv) the amount the CFD Administrator reasonably expects to derive from the reinvestment of these funds. "Improvement Fund" means a fund or account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct Authorized Facilities. "Previously Issued Bonds" means, for any Fiscal Year, all Outstanding Bonds that are outstanding under the Indenture after the first interest and /or principal payment date following the current Fiscal Year. 1. Prepayment in Full The Special Tax Prepayment Amount (defined below) shall be calculated as summarized below (capitalized terms as defined below); #15048 MUFF # 506