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8.A <br /> Page 14 <br /> Exhibit C ATTACHMEN7 1 <br /> "State" means the State of California. <br /> "Taxable Property" means all of the Assessor's Parce(s within the boundaries of CFD No. <br /> 2010-1 which are not exempt trom the Special Tax pursuant to law or Section F herein. <br /> "Trustee" means the trustee or fiscal agent under the Indenture. <br /> "Undeveloped Property" means, for each Fiscal Year, all Taxable Property not classified as <br /> Developed Property. <br /> Please refe�� to additional definitiotts in Section D herein relating to the Bt�ydotivn of Outstanding <br /> Bo»ds, and to additional de.frnitions in Section J he�•ein rel.ating to the Prepayment of Speciul <br /> Tax. <br /> B. ASSIGNMENT TO LAND USE CLASSES <br /> Each Fiscal Year, all Taxable Property within CFD No. 2010-1 shall be classified as Developed <br /> Property or Undeveloped Propert�1, and shall be subject to Special Taxes in accardance with this <br /> First Amended Rate and Method of Apportionment determined pursuant to Sections C and E <br /> herein. <br /> C. MAXIMUM SPECIAL TAX RATE <br /> Residential Property shall be assigned to Land Use Classes 1 through 4, as listed in Table 1 <br /> below, based on the type of use, Residential Floor Area and Location for each residential <br /> dwelling unit. Non-Residential Property shal] be assigned to Land Use Class 5. Prior to the <br /> issuance of CFD No. 2010-1 Bonds, the MaYimum Special Tax on Developed Property (set forth <br /> in Table 1) may be reduced in accordance with, and subject to the conditions set forth in this <br /> Section C, without the need for any proceedings to make changes as permitted under the Act. <br /> These Maximum Special Tax reductions, if applicable, will be made if it is reasonably <br /> determined by the CFD Administrator that the overlapping debt burden as defined in the City of <br /> Redwood City "Statement of Local Goals and Policies Concerning the Use of the Mello-Roos <br /> Community Facilities Act of 1982" adopted by the Counci! on March 22, 1999, (the "Goals and <br /> Policies") calculated pursuant to the Goals and Policies based upon the Maximum Special Tax <br /> on Developed Property exceeds the City's maYimum level objective set forth in the Goals and <br /> Policies, the Ma�imum Special Tax on Developed Properly may be reduced to the amount <br /> necessary to satisfy the City's objective with respect to the maximum overlapping debt burden <br /> level «rith the written consent of the CFD Administrator without need for any additional City <br /> Council proceedings. Each Maximum Special Tax reduction for a Land Use Class shall be <br /> calculated separately, as reasonabty detennined by the CFD Administrator, and it shall not be <br /> required that such reduction be proportionate among Land Use Classes. The reductions <br /> permitted pursuant to this paragraph shall be reflected in an amended notice of Special Tax lien <br /> which the Ciry shall cause to be recorded by executing a certificate in substantially the form <br /> attached herein as Exhi6it "A". <br /> l. Developed Propertv <br /> (a) Maximum Special Taa <br /> Communiry Facilities District No. 2010-I February 16, 2011 <br /> City o,/'Redwnod Cfty (One Marina) Prrge G <br />