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8.A Page 25 Exhibit C ATTACHMENT 1 2. Prepa,yment in Part The amount of the prepayment shall be calculated as in Section J.1; e�:cept that a partial prepayment shall be calculated according to the fallo�ving formula: PP =[(PE — A) x F] + A These terms have the following meaning: PP = the partial prepayment. PE = the Special Tax Prepayment Amount calculated according to Section J. t. F= the percentage, expressed as a decimal, by which the owner of the Assessor's Parcel is partially prepaying the Special Tax. A= the Administrative Fees and Expenses calculated according to Section J.1. 3. Pregayment of Puhlic Propert3� or Property Owner Assaciatian Property An Assessor's Parcel, or portion thereof of Pub(ic Property or Property Owner Associatian Property within CFD No. 2010-} that is not exempt from the Special Tax purs�iant ta Section F herein 5hall be required to prepay the Special Tax obligation applicable to such Assessar's Parcei as calculated by the CFD Administrator according to the following steps: 1. Determine the Masimum Special Tax anticipated to apply to such Assessor's Parcel, or portion thereof, of excess Public Property or Property Owner Association Property by multiplying the Acreage of such Assessor's Parcel that is ineligible for eaemption status, as determined pursuant to Section F herein, times the Maximum Special Tax for Non- Residential Property (set forth in Table 1 af Section C herein). Z. Divide the Maximum Special Tax computed pursuant to step t abave by the sum of (i) the amount of Maximum Speciaf Taxes required to pravide 110% debt seririce coverage on the Outstanding Bonds, and (ii) the /ldministrative E�penses as defined in Section A herein. 3. Determine the amount of Special Tax definquencies that apply to such Assessor's Parcel, or portion thereof. 4. The Special Tax prepayment shall be calculated using the prepayment formula described in Section J.1, ��ith the fo[lowing exceptions: (i) skip paragraphs 1, 2 and 3, and be�in with paragraph 4; (ii} the Q�nd Redemption Amount in paragraph 4 of the prepayment farmula described in Section J.1 shall equal the product of the quotient computed pursuant to step 2 above times the Previously Issued Bonds; {iii) the Future Facilities Amount in paragraph 7 of the prepayment formula described in Section J.1 shall be $0; and (iv) the Capita(ized Interest Credit described in paragraph 14 of the prepayment farrnula described in Section J.1 shaU be �0. The amount of Specia( Tax delinquencies as determined pursuant to step 3 above shall be added to this Special Tax prepay�ment amount (collectivelv the "Speciul Tizx Prepavr�aent Amou�zt"). C'omnurnity Fncilifies District No. 2010-1 February� 16, 2011 Gih� nf Redwood City (One Marina) Pcrge 17