1990 ORD O-17-90_Special Tax within CFD

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directly related thereto and a proportionate amount of City general administrative overhead related thereto, any amounts paid by the City from its general funds, and all other costs and expenses of the City or the Fiscal Agent incurred in connection with the discharge of their respective duties under the District and, in the case of the City, in any way related to administration of the District. The Bonds means the Community Facilities District No. 90-1 (Mount Vernon Corridor) of the City of Colton 1990 Special Tax Bonds and any other bonds of the District payable from the Special Tax. City means the City of Colton, California. Debt Service is the total annual principal, interest and redemption payment on the Bonds, less investment earnings on the Reserve Fund available for that purpose and not required to be set aside in a rebate account pursuant to the Internal Revenue Code of 1986 or any successor code or statute, and less any capitalized interest and any other amounts remaining in the debt service funds and accounts held by the Fiscal Agent for the previous fiscal year with the exception of the Reserve Fund. District is the Community Facilities District No. 90-1 (Mount Vernon Corridor) of the City of Colton. Fiscal Agent means the registrar, paying agent and transfer agent for the Bonds appointed under the Indenture. Fiscal Year means the period starting on July 1 and ending the following June 30. Improvements are the public improvements designated in the Resolution of Formation to be constructed by the District. Improvements in a Tax Rate Area are those public improvements designated to be constructed in relation to such Tax Rate Area. Such improvements are not required to be located within such Tax Rate Area. Indenture means the agreement by that name (or any other name) approved by the Resolution of Issuance pursuant to which the Bonds are issued. Parcel is the Assessor's parcels that are within the boundaries of the District based on the equalized rolls of the County of San Bernardino as of March 1 of each year which is not exempt from the Special Tax pursuant to Section 53311, et seq., of the California Government Code. Reserve Fund is the reserve fund for the Bonds created under the Indenture. Resolution of Issuance is any Resolution adopted by the City authorizing the issuance of Bonds to be secured by the levy of a Special Tax within the District. Special Tax is any tax authorized by Section 53340 of the California Government Code adopted by Ordinance of the City and levied within the District. Tax Rate Area means any area designated as a tax rate area as shown on Community Facilities District No. 90-1 (Mount Vernon Corridor) City of Colton Boundary Map. Taxable Square Footage is all of the area within the boundaries of the District which is not exempt from the Special Tax pursuant to Section 53311, et. seq., of the California Government Code. Total Taxable Square Footage of TRA means the aggregate Taxable Square Footage of each Parcel in a Tax Rate Area. A-3