AgdaPkt 2012-01-09 - Laserfiche WebLink

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8.A. - Page 76 "Fiscal Year" means a period begint�ing July 1 and ending the following June 30. "Maximum Annual Special Tax Rate" means the maximum amount of Special Taxes per Commercial Square Foot that may be levied against a Taxable Parcel. "Net Taxable Square Feet" means the total amount of Commercial Square Feet subject to the levy of Special Taxes in any given Fiscal Ye1r. "Parking Unit" means the number of parl<ing spaces assigned to a Building Parcel to serve Commercial Square Feet on a different Builduzg Parcel pursuant to the Development Agreement, or 1 Final Development Plan when applicable. "Parcel" means any Parcel within the boundaries of tlle CFD that is identified by an Assessor's parcel number on the secured tax rolls of the County as of the January 1 lien date (or such other lien dlte as may be established by the Assessor) of the prior Fiscal Year. "Parcel Classification" means the placement of each Parcel into its respective classification as such parcel exists on each Classification Date. "Prepaid Parcel" means any Parcel that has prepaid in full pursuant to this Rate and Method of Apportionment the Special Taxes to be levied against such Parcel in satisfaction of its pro rata share of Annual Costs. "Principll Prepayment Amount" means the amount of unpaid outstanding bond principal and authorized but unissued bond principal of the CFD allocable to each Taxable Parcel as of the date of such calculation. "Public Parcel" means any Parcel that is, or pursuant to a Final Development Plan, is designated to be, publicly owned and which is normally exempt from ad valorem taxes under California law, including public streets, schools, school district administrative offices, police 1nd fire facilities, parks, and public drlinage w1ys, rights-of-way, landscaping, greenbelts and open space. "Residential Parcel" means any Parcel approved by the City for single or multi-family residential use which does not contain 1ny Commercial Square Feet. "Special Tax" or "Special Taxes" means any tax levy by the City Council with respect to the CFD under the Law on Taxable Parcels. "Special Tax Report" means the report prepared annually pursuant to Section 3 hereof. "Tax Collection Schedule" means the document prepared by the City Manager for use by the Auditor in collecting the Special Taxes each Fiscal Year pursulnt to Section 6 hereof. "Taxable Classification Date" means the date on which a Parcel is first classified as a Taxable Parcel. "Taxable Parcel" means any Building Parcel approved for Commercial Square Feet or Parking Units which is not a Prepaid Parcel. "Tax-Exempt Parcel" means any Parcel that is a Prepaid Parcel, Public Parcel, Accessory Parcel, Common Parcel or Residential Parcel. However, Taxable Parcels that are acquired by a public entity shall remain subject to the applicable Special Tax pursuant to Section 53317.4 of the Law. B-3