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"Final Residential Subdivision" means a subdivision of property created by recordation of a final map, parcel map, or lot line adjustment, approved by the City pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq) or recordation of a condominium plan pursuant to California Civil Code 1352 that creates individual lots for which residential building permits may be issued without further subdivision of such property. "Fiscal Agent Agreement" means the fiscal agent agreement or other instrument pursuant to which Bonds are issued, as modified, amended and/or supplemented from time to time, and any instrument replacing or supplementing the same. "Fiscal Year" means the period starting July 1 and ending on the following June 30. "Low Moderate Income Housing" means a dwelling unit whose occupancy is restricted to persons who qualify at the level of housing affordability based on 80 percent to 120 percent of the Median Household income for Alameda County in any given year and/or as defined by the State of California Department of Housing and Community Development. "Land Use Category" means any of the categories listed in Tables 1 and 2 of Section C. "Master Developer" means the owner of the predominant amount of Undeveloped Property in CFD No.1 at the time the CFD -1 was established. "Maximum Annual Special Tax" means the maximum annual Facilities Special Tax or Services Special Tax as determined in accordance with the provisions of Section C below, that may be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property. "Occupied Residential Property" means all Assessors' Parcels of Residential Property for which an occupancy permit for private residential use has been issued. "Outstanding Bonds" means all Bonds which remain outstanding. "Property Owner Association Property" means any property within the boundaries of CFD No.1 owned by a property owner association, including any master or sub - association. • "Proportionately" means for Developed Property that the ratio of the actual Special Tax levy to the Maximum Annual Special Tax is equal for all Assessor's Parcels of Developed Property within CFD No.1. For Undeveloped Property, "Proportionately" for Undeveloped Property means that the ratio of the actual Special Tax levy per Acre to the Maximum Annual Special Tax per Acre is equal for all Assessor's Parcels of Undeveloped Property within CFD No.1. "Public Property" means any property within the boundaries of CFD No.1 that is used for rights -of -way or any other purpose and is owned by or dedicated to the federal government, the State of California, the County, the City or any other local government or public agency. City of San Leandro May 23, 2000 Community Facilities District No.! Page 3