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8.A Page 21 Exhibit C ATTACHMENT 1 the sale of a first bond issue that causes the Acreage of Public Property andlor Property O�mer I Association Propertv to exceed such 23.6 Acreage iimit shall not be exempt from the Speciat Ta�: and shall instead require a prepayment of the Special Tax pursuant to Section J.3 herein, unless the CFD Administrator determines that such transfer will not reduce the amount of Special Taxes that may be levied on Taxable Property within CFD No. 2010-1 in all Fiscal Years to below the sum of (i) 1.10 times the debt service necessary to support the remaining Outstanding Bonds, and (ii) the Administrative E�penses as defined in this Section A. The prepayment of the Special Tax for Assessor's Parcels, or portion thereof, requiring such prepayment shall occur prior ta the transfer of the Assessor's Parcel to a public agency or property owner association. Should the excess Public Property and/or Pr�perty Owner Association Property be transferred without such Special Tax being prepaid, a One Time Special Tax eguivalent to the appropriate Prepayment Amount as calculated under Section J.3 herein shall be imposed on the puhlic agency or property owner association that naw owns the Assessor's Parcel, to be paid within 30 days of receipt af a demand letter from the CFD Administrator for payment. G. RELEASE OF PROPEKTY Upon recordation of a map which creates separate legal lots for such property, all property within the Future Excluded Area shall be removed from the boundaries of CFD No. 2010-1 and the City shall cause (i) an amended botmdary map to be recorded in compliance with the Act to indicate that such property is not in CFD No. 2010-1, and (ii) a suitable notice to be recorded in compliance with the Act to indicate the release of the Special Ta�: lien on such property. H. APPEALS AND INTERPRETATIONS Any landowner or resident who feels that the amount of the Special Tax levied on his Assessor's Parcel is in error may submit a written appeal to the CFD Administrator. The CFD Administrator shall review the appeal and if the CFD Administrator concurs, the amount of the Special Tax Ievied shall be apprapriately modified through an adjustment to the Special Tax levy in the following Fiscal Year. No refunds shall be given. The CFD Administrator may interpret this First Amended Rate and Method of Apportionment for purposes of clarifyinb any ambiguity and make determinations relative to the annual administration of the Special Tax and any landowner or resident appeals. I. MANNER OF C�LLECTION The Special Tax will be collected in the same manner and at the same time as ordinary ad ��alarenr property taYes; provided, E�owever, that CFD No. 2010-I may directly bill the Special Ta�, may collect Special Taxes at a different time or in a different manner if necessary to meet its financial obligations, and may covenant to foreclose and may actual(y foreclose on delinquent .Assessor's Parcels as permitted by the .Act. J. PREPAYMENT OF SPECIAL TAX Under this First Amended Rate and Method of Apportionment, an Assessor's Parcel within CFD Na. 20I0-1 is permitted to prepay the Special Ta�. The obligation of the Assessor's Parcel to pay the Special Tax may be fully or partially prepaid and permanently satisfied as described Colnnu�nity Facifities District No. 1p10-1 Februnry J6, 2017 City aJRcdwnod Cily (One Marfnn) Page 13