Notice of Special Lien Tax Community Facilities District No 2022-1

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"Indenture" means the indenture, fiscal agent agreement, resolution, or other instrument pursuant to which CFD No. 2022-1 Bonds are issued, as modified, amended, and/or supplemented from time to time, and any instrument replacing or supplementing the same. "Land Use Class" means any of the classes listed in Table 1 and Table 2. "Land Use Type" means any of the land uses listed in Table 1 and Table 2. "Leasehold Interest" means an interest pursuant to which a person leases or otherwise obtains real property rights for a set period of time. "Maximum Special Tax" means the Maximum Special Tax, determined in accordance with Section C below, that can be levied in any Fiscal Year on Taxable Property. "Non -Residential Floor Area" means the total building square footage of the non-residential building(s) or the non-residential portion of a building with both residential and non-residential areas located on Taxable Property that is Developed Property, measured from outside wall to outside wall, not including space devoted to stairwells, public restrooms, lighted courts, vehicle parking and areas incident thereto, and mechanical equipment incidental to the operation of such building. The determination of Non - Residential Floor Area shall be made by the CFD Administrator by reference to the Building Permit(s) issued for such Taxable Property and/or the records of the City's building division. "Non -Residential Property" means all Taxable Property that is Developed Property for which a Building Permit permitting the construction of one or more non-residential buildings or facilities has been issued that is not Hotel Property. "Outstanding CFD No. 2022-1 Bonds" means all CFD No. 2022-1 Bonds which are outstanding under and in accordance with the provisions of the Indenture. "Pay -As -You -Go Expenditure" means Pay -As -You -Go Revenue which is used or set aside for Authorized Facilities, including for Authorized Facilities to be constructed or acquired by CFD No. 2022-1. Pay -As -You - Go Expenditures may be included in the Special Tax Requirement until all Authorized Facilities have been constructed or acquired. "Pay -As -You -Go Revenue" means Special Tax revenues that are available after being used or set aside for Debt Service, Administrative Expenses, or Authorized Services. "Property Owner Association Property" means, for each Fiscal Year, any property within the boundaries of CFD No. 2022-1 that is owned by a property owner association, including any master or sub -association, but not including any such property that is located directly under a residential structure. "Proportionately" means, for Developed Property and Final Map Property, that the ratio of the Special Tax levy to the Assigned Special Tax or the Backup Special Tax is equal within each respective Tax Zone. For Undeveloped Property, "Proportionately" means that the ratio of the actual Special Tax levy per Acre to the Maximum Special Tax per Acre is equal within each respective Tax Zone. "Public Property" means property within the boundaries of CFD No. 2022-1 owned by, irrevocably offered or dedicated to, or for which an easement for purposes of public right-of-way has been granted to the federal government, the State, the County, the City, or any local government or other public agency, City of San Leandro July S, 2022 CFD No. 2022-1 (Monarch Bay Shoreline Facilities & Services) Page B-4