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"Marina View Property" means all Residential Property that have (i) front, rear, or side yard <br /> frontage along the Marina Property, or (ii) direct front door access to the Marina Property. <br /> "Maximum Special Tax" means the maximum Special Tax, determined in accordance with <br /> Section C herein, that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable <br /> Property. <br /> "Non- Marina View Property" means all Residential Property that is not Marina View Property. <br /> "Non- Residential Property" means all Assessor's Parcels of Developed Property for which a <br /> building permit permitting the construction of one or more non - residential units or facilities has <br /> been issued by the City, excluding Hotel Property. <br /> "One Time Special Tax" means a one -time special tax to be levied by the CFD Administrator <br /> on Public Property or Property Owner Association Property that is not exempted from the Special <br /> Tax under Section F herein, and is therefore required to prepay such Special Tax under Section F. <br /> The one -time special tax shall be equal to the Special Tax Prepayment Amount necessary to <br /> mitigate the loss of special tax revenues from such excess Public Property or Property Owner <br /> Association Property, as calculated under Section I.3 herein. <br /> "Outstanding Bonds" means all CFD No. 2010 -1 Bonds which are deemed to be outstanding <br /> under the Indenture. <br /> "Property Owner Association Property" means, for each Fiscal Year, (i) any property within <br /> the boundaries of CFD No. 2010 -1 for which the owner of record, as determined from the County <br /> Assessor' s secured tax roll for the Fiscal Year in which the Special Tax is being levied, is a <br /> property owner' s association, including any master or sub - association, (ii) any property located in <br /> a Final Subdivision that was recorded as of the January 1 preceding the Fiscal Year in which the <br /> Special Tax is being levied and which, as determined from such Final Subdivision, is or will be <br /> open space, a common area recreation facility, or a private street, or (iii) any property which, as <br /> of the May 1 preceding the Fiscal Year for which the Special Tax is being levied, has been <br /> conveyed, irrevocably dedicated, or irrevocably offered to a property owner's association, <br /> including any master or sub - association, provided such conveyance, dedication, or offer is <br /> submitted to the CFD Administrator by May 1 preceding the Fiscal Year for which the Special <br /> Tax is being levied. <br /> "Proportionately" means, for Developed Property, that the ratio of the actual Special Tax levy <br /> to the Maximum Special Tax is equal for all Assessor's Parcels of Developed Property. For <br /> Undeveloped Property, "Proportionately" means that the ratio of the actual Special Tax levy per <br /> acre to the Maximum Special Tax per acre for such property is equal for all Assessor's Parcels of <br /> Undeveloped Property. <br /> "Public Property" means, for each Fiscal Year, any property within the boundaries of CFD No. <br /> 2010 -1 that is (i) owned by, irrevocably offered or dedicated to the federal government, the State, <br /> the County, the City, or any local government or other public agency, provided that any property <br /> B -5 <br /> 302108_1.doc <br />