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12/03/2012 <br />or appraised value of such property if the City determines at the time of formation of a <br />CFD that over the term of the bonds, the special taxes, ad valorem taxes and <br />assessments are expected to average two percent (2%) or less per year of the greater <br />of the assessed value or appraised value of such property. It is further the policy of the <br />City to comply with the provisions of Section 53321 of the Act with respect to the <br />escalation of maximum taxes. <br />V. Definitions, Standards, and Assumptions to be Used in Appraisals <br />Required by Section 53345.8. <br />It is the goal of the City to conform, as nearly as practicable, to the <br />California Debt and Investment Advisory Commission's Appraisal Standards for Land - <br />Secured Financings, as such standards may be amended from time to time, provided, <br />however, that this City Council may additionally amend such standards from time to <br />time as it deems necessary and reasonable, in its own discretion, to provide needed <br />infrastructure improvements within the City, while still accomplishing the goals set forth <br />herein. <br />A-3 <br />