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• <br /> Special Taxes that may be levied on Taxable Property within CFD No. 2010 -1 in all Fiscal Years <br /> to below the sum of (i) 1.10 times the debt service necessary to support the remaining <br /> Outstanding Bonds, and (ii) the Administrative Expenses as defined in this Section A. If such <br /> determination is made by the CFD Administrator, the residential dwelling units constructed that <br /> would otherwise qualify as Below Market Rate Units shall be assigned to Land Use Classes 1 <br /> through 3 based on the Residential Floor Area and Location for each such residential dwelling <br /> unit. Notwithstanding the above, any residential dwelling unit(s) located on an Assessor's Parcel <br /> of Residential Property for which Deed Restrictions are not recorded in favor of the City <br /> providing for affordable housing prior to the close of escrow to the first private residential owner <br /> for such residential dwelling unit shall be assigned to Land Use Classes 1 through 3 based on the <br /> Residential Floor Area and Location for each such residential dwelling unit and shall <br /> permanently be ineligible for status as a Below Market Rate Unit. <br /> "Certificate of Occupancy" means a certificate issued by the City that authorizes the actual <br /> occupancy of a residential dwelling unit for habitation by one or more residents. <br /> "CFD Administrator" means an official of the City, or designee thereof, responsible for <br /> determining the Special Tax Requirement and providing for the levy and collection of the <br /> Special Taxes. <br /> "CFD No. 2010 -1" means Community Facilities District No. 2010 -1 of the City of Redwood <br /> City (One Marina). <br /> "CFD No. 2010 -1 Bonds" means any bonds or other debt (as defined in Section 53317(d) of the <br /> Act), whether in one or more series, issued by CFD No. 2010 -1 and secured solely by the Special <br /> Tax levy on property within the boundaries of CFD No. 2010 -1 under the Act. <br /> "City" means the City of Redwood City, California. <br /> "Council" means the City Council of the City acting as the legislative body of CFD No. 2010 -1. <br /> "County" means the County of San Mateo. <br /> "Developed Property" means, for each Fiscal Year, all Taxable Property for which a building <br /> permit for new construction was issued after January 1, 2010 and on or before May 1 of the <br /> Fiscal Year preceding the Fiscal Year for which the Special Taxes are being levied. <br /> "Final Subdivision" means a subdivision of property by recordation of a final map, parcel map, <br /> or lot line adjustment, approved by the City pursuant to the Subdivision Map Act (California <br /> Government Code Section 66410 et seq.) or recordation of a condominium plan pursuant to <br /> California Civil Code 1352 that, in either case, creates individual lots for which building permits <br /> may be issued without further subdivision. The term "Final Subdivision" shall not include any <br /> Assessor's Parcel Map or subdivision map or portion thereof, which does not create individual <br /> lots for o r which a building permit may be issued, including Assessor's Parcels that are designated <br /> as remainder parcels. <br /> "Fiscal Year" means the period starting July 1 and ending on the following June 30. <br /> Community Facilities District No. 2010 -1 February 16, 2011 <br /> City of Redwood City (One Marina) Page 3 <br />