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"Single Family Residential Property" means all Assessor's Parcels of Residential Property not <br />classified as Multi -Family Residential Property. <br />"Special Tax" means the special tax authorized to be levied within CFD 2021-1 pursuant to the <br />Act, to fund the Special Tax Requirement. <br />"Special Tax Requirement" means the amount, as determined by the CFD Administrator, for <br />any Fiscal Year to: (i) pay the costs of providing the Public Safety Services during such Fiscal <br />Year, (ii) pay Administrative Expenses associated with the Special Tax, (iii) establish or replenish <br />any operational reserve fond established for Public Safety Services, (iv) pay incidental expenses <br />related to the Public Safety Services as authorized pursuant to the Act, (v) fund an amount equal <br />to a reasonable estimate of delinquencies expected to occur in the Fiscal Year in which the <br />Special Tax will be levied ("Estimated Special Tax Delinquency Amount") and (vi) fund the <br />shortfall, if any, in the Special Tax revenues collected in the preceding Fiscal Year necessary to <br />fund the Special Tax Requirement for such Fiscal Year where such shortfall resulted from <br />delinquencies in the payment of the Special Tax in such Fiscal Year that exceeded the Estimated <br />Special Tax Delinquency Amount included in the Special Tax Requirement for such Fiscal Year. <br />"Taxable Property" means all Assessor's Parcels that are not exempt from the Special Tax <br />pursuant to the Act or Section F. <br />"Undeveloped Property" means an Assessor's Parcel of Taxable Property which is not <br />classified as Developed Property. <br />B. Classification of Assessor's Parcels <br />Each Fiscal Year, beginning with Fiscal Year 2021-22, using the definitions above, each Assessor's <br />Parcel within CFD 2021-1 shall be classified by the CFD Administrator as Taxable Property or Exempt <br />Property. In addition, each such Fiscal Year, each Assessor's Parcel of Taxable Property shall be further <br />classified by the CFD Administrator as Developed Property or Undeveloped Property. Commencing with <br />Fiscal Year 2021-22 and for each subsequent Fiscal Year, all Taxable Property shall be assigned a Land <br />Use Type and subject to the levy of the Special Tax pursuant to Section C below. <br />C. Special Tax Rates <br />82741,WKI N2W8862.1 <br />