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"CFD Public Facilities Costs" means either $11,637,000 in 2010 dollars, which shall increase <br /> by the Construction Inflation Index on July 1, 2011, and on each July 1 thereafter, or such lower <br /> number as (i) shall be determined by the CFD Administrator as sufficient to provide funding for <br /> all of the Authorized Facilities, or (ii) shall be determined by Council concurrently with a <br /> covenant that it will not issue any more CFD No. 2010 -1 Bonds (except refunding bonds) to be <br /> supported by the Special Tax levy under this Rate and Method of Apportionment as described in <br /> Section E herein. <br /> "Construction Inflation Index" means the annual percentage change in the Engineering News <br /> Record Building Cost Index for the City of San Francisco, measured as of the month of <br /> December in the calendar year which ends in the previous Fiscal Year. In the event this index <br /> ceases to be published, the Construction Inflation Index shall be another index as determined by <br /> the CFD Administrator that is reasonably comparable to the Engineering News Record Building <br /> Cost Index for the City of San Francisco. <br /> "Future Facilities Costs" means the CFD Public Facilities Costs minus (i) costs of Authorized <br /> Facilities previously paid from the Improvement Fund, (ii) moneys currently on deposit in the <br /> Improvement Fund available to pay costs of Authorized Facilities, (iii) moneys currently on <br /> deposit in an escrow fund that are expected to be available to finance the costs of Authorized <br /> Facilities, and (iv) the amount the CFD Administrator reasonably expects to derive from the <br /> reinvestment of these funds. <br /> "Improvement Fund" means a fund or account specifically identified in the Indenture to hold <br /> funds which are currently available for expenditure to acquire or construct Authorized Facilities. <br /> "Previously Issued Bonds" means, for any Fiscal Year, all Outstanding Bonds that are <br /> outstanding under the Indenture after the first interest and/or principal payment date following <br /> the current Fiscal Year. <br /> 1. Prepayment in Full <br /> The Special Tax Prepayment Amount (defined below) shall be calculated as summarized below <br /> (capitalized terms as defined below): <br /> Bond Redemption Amount <br /> plus Redemption Premium <br /> plus Future Facilities Amount <br /> plus Defeasance Amount <br /> plus Administrative Fees and Expenses <br /> less Reserve Fund Credit <br /> less Capitalized Interest Credit <br /> Total: equals Special Tax Prepayment Amount <br /> As of the proposed date of prepayment, the Special Tax Prepayment Amount shall be calculated <br /> according to the following paragraphs: <br /> B -16 <br /> 302108_1.doc <br />