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S�1 -1�5 <br />public streets, schools, school district administrative offices, police and fire facilities, <br />parks. and public drainage ways, rights -of- way, landscaping, greenbelts and open <br />space. <br />"Residential Parcel" means any Parcel zoned for single or multi - family <br />residential use. <br />"Special Tax" or "Special Taxes" means any tax levy with respect to the CFD <br />under the Act on Taxable Parcels. <br />"Special Tax Report" means the report prepared annually pursuant to Section 3 <br />hereof. <br />"Tax Collection Schedule" means the document prepared by the City Manager <br />for use by the Auditor in collecting the Special Taxes each Fiscal Year pursuant to <br />Section 6 hereof. <br />"Taxable Classification Date" means the date on which a Parcel is first <br />classified as a Taxable Parcel. <br />"Taxable Parcel" means any Developed Commercial Parcel or Approved <br />Commercial Parcel which is not a Prepaid Parcel. <br />"Tax - Exempt Parcel" means any Parcel that is a Public Parcel or Residential <br />Parcel. However, Taxable Parcels that are acquired by a public entity shall remain <br />subject to the applicable Special Tax pursuant to Section 53317.4 of the Act <br />Section 2. Basis of Special Tax Levy <br />A Special Tax under the Act applicable to each Taxable Parcel shall be levied <br />and collected according to the tax liability determined by the City through the <br />application of the procedures described below. <br />Section 3. D ::. �....:.:, ",:'..... and Classification of Parcels Subject to Special Tax <br />Prior to the first issuance of Bonds, and thereafter prior to July 1 of each Fiscal <br />Year, the City Manager shall cause to be prepared a Special Tax Report setting forth: 1) <br />the classification as of the Classification Date applicable for such Fiscal Year of each <br />Parcel within the boundaries of the CFD, 2) a projected sources and uses of funds for <br />the CFD in such Fiscal Year showing that projected Annual Tax Revenues are sufficient <br />to pay projected Annual Costs, 3) the total number of Developed Commercial Square <br />Feet attributable to Developed Commercial Parcels and Approved Commercial Square <br />Feet attributable to Approved Commercial Parcels for such Fiscal Year and, in each <br />case, the Maximum Annual Special Tax Rate applicable to such commercial square feet <br />4) the total number of Developed Commercial Square Feet and Approved Commercial <br />Square Feet allocable to Prepaid Parcels, 5) the net taxable Developed Commercial <br />Square Feet and Approved Commercial Square Feet allocable to Taxable Parcels for <br />such Fiscal Year, 6) the Special Tax rate necessary to satisfy Annual Costs applicable to <br />such Developed Commercial Square Feet and Approved Commercial Square Feet <br />allocable to each Taxable Parcel for such Fiscal Year, 7) the amount of Special Taxes to <br />be levied on each Taxable Parcel in the next ensuing Fiscal Year, 8) the annual Principal <br />Prepayment Amount allocable to each Taxable Parcel, and 9) a Tax Collection Schedule. <br />Parcels shall be classified as of their status applicable in the next Fiscal Year on <br />each Classification Date. The secured property tax roll, land use codes and plot map <br />B -3 <br />