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• • <br /> The Maximum Special Tax that may be levied and escalated as explained further in <br /> Section C.1.(b) below in any Fiscal Year for each Assessor's Parcel classified as <br /> Developed Property is shown below in Table 1. <br /> TABLE 1 <br /> Maximum Special Tax for Developed Property <br /> CFD No. 2010 -1 (One Marina) <br /> Fiscal Year 2010 -2011 <br /> and � \ \ ,-\ Fiscal Year 201 - <br /> e` nt oor , <br /> � � i �� 4 \ �04V,0i1/tMlhA1 i <br /> ..' s Descriptioir:* \ A4(0(1'11004) <br /> t) Location '`'ax <br /> 1 Residential Property Less than 1,375 Non -Marina View $1,540 per unit <br /> 1,375 to less than 1,525 Non - Marina View <br /> 2 Residential Property $2,310 per unit <br /> Less than 1,375 Marina View <br /> 1,375 to less than 1,525 Marina View <br /> 3 Residential Property $3,080 per unit <br /> 1,525 or Greater NA <br /> 4 Below Market Rate Unit NA NA $1,540 per unit <br /> 5 Non - Residential Property NA NA $86,820 per acre <br /> (b) Increase in the Maximum Special Tax <br /> On each July 1, commencing on July 1, 2011 and ending July 1 of the fifth Fiscal Year in <br /> which Special Taxes are levied in CFD No. 2010 -1, the Maximum Special Tax, identified <br /> in Table 1 above, as such table may be amended and restated in full pursuant to this First <br /> Y p <br /> Amended Rate and Method of Apportionment, shall increase by an amount equal to two <br /> percent (2 %) of the Maximum Special Tax in effect in the previous Fiscal Year. There <br /> will be no increase in the Maximum Special Tax that may be levied after the fifth Fiscal <br /> Year in which Special Taxes are levied in CFD No. 2010 -1. <br /> (c) Multiple Land Use Classes <br /> In some instances an Assessor's Parcel of Developed Property may contain more than <br /> one Land Use Class. The Maximum Special Tax levied on an Assessor's Parcel shall be <br /> the sum of the Maximum Special Taxes for all Land Use Classes located on that <br /> Assessor's Parcel. The CFD Administrator's allocation to each Land Use Class shall be <br /> final. <br /> 2. Undeveloped Property <br /> The Fiscal Year 2010 -2011 Maximum Special Tax for Undeveloped Property shall be $103,100 <br /> per acre and shall increase on each July 1, commencing on July 1, 2011 and ending July 1 of the <br /> fifth Fiscal Year in which Special Taxes are levied in CFD No. 2010 -1, by an amount equal to <br /> two percent (2 %) of the Maximum Special Tax for Undeveloped Property in effect in the <br /> previous Fiscal Year. There will be no increase in the Maximum Special Tax for Undeveloped <br /> Community Facilities District No. 2010 -1 February 16, 2011 <br /> City of Redwood City (One Marina) Page 7 <br />