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8.A Page 9 Exhibit C ATTACHMENT 1 FIRST AMENDED RATE AND METHOD OF APPORTI�NMENT FOR COMMUNITY FACILITIES DISTRICT No. 2010-1 OF THE CITY OF REDWOOD CITY (ONE MARINA) A Special Tax hereinafter defined shall be levied on ail Assessor's Parcels of Taxable Property in Community Facilities District No. 2010-1 of the City of Redwood City ("CFD No. 2010-1 ") and collected in each Fiscal Year, in an amount determined by the City Council of the City of Redwood City, through the application of this First Amended Rate and Method of Apportionment as described below. All of the real property in CFD No. 20I0-1, unless exempted by la�� or by the provisions hereof, shall be taxed for the purposes, to the extent and in the manner herein provided. A. DEFINITIONS The terms hereinafter set forth have the following meanings: "Acreage" means the land area expressed in acres of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the [and area is not shown on an Assessor's Parcel Map, the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County map or the land area calculated to the reasonable satisfaction of the CFD Administrator using the boundaries set forth on such map or pfan. The square footage of an Assessor's Parcel is equal to the Acreage of such parcel multipIied by 43,560. "Act" means the Me(lo-Roos Community Facilities Act of 1982, being Chapter 2.�, Part l, Division 2 of Title 5 of the California Government Code. "Acquisition Agreement" means the acquisitionlfinancing agreement by and between the City of Redwood City and R.C. Peninsula Park, LLC for CFD No. 2010-1 providing for the acquisition and construction of Authorized Facilities with t11e proceeds of CFD No. 2010-1 Bonds and Special Taaes, as modified, amended and/or supplemented from time to time in accordance with its terms, or any applicable predecessar or successor to or restatement of such agreement. "Administrative Expenses" means the following actua) or reasonably estimated costs directly related to the administration of CFD No. 2010-1, including but not limited ta the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the City or designee thereof or bath); the costs of collecting the Special Taxes (whether by the County or otherwise); the costs of remitting the Special Taaes to the Trustee; the costs of the Trustee (including its legal counsel) in the discharge of the duties required of it under the Indenture; the costs to the City, CFD No. 2010-1 or any designee thereof of complying with arbitrage rebate requirements; the costs to the City, CFD No. 2010-1 or any designee thereof of comptying with City, CFD No. 2010-1 or obligated persons disclosure requirements of applicable federal and state securities laws and the Act; the costs associated with preparing Special Tax disclosure statements and responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2010-1 or any designee thereof related.to an appeal af the Communiry Facilities District No. 2010-1 Februar}� 16, 2�I1 Chp afRedwood Cin� (One Mari�:a) Page 1