1999 AGN JAN 19 I21 - Laserfiche WebLink

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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 cQ-de 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 Distnct 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 including the Fiscal Agent Agreement dated as of November 1, 1998, by and between the City and U.S. Bank Trust National Association as Fiscal Agent) 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. ReserveFund 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, calculated according to the formula set forth above. 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 Tax Rate Area No. 1 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 Tax Rate Area No. 1 means the aggregate Taxable Square Footage of each Parcel in Tax Rate Area No. 1.