“Assessor’s parcel” means a parcel of land in the district designated and assigned a discrete identifying number on a map of the county assessor of the county of Monterey.

“CFD administrator” means the city manager for the city of Marina, or his/her designee, responsible for the activities of the district.

“City” means the city of Marina, California.

“Developed single-family unit (DSFU)” means a residential dwelling unit on an assessor’s parcel for which a building permit has been issued by the city on or prior to May 1st preceding the fiscal year in which the special tax is being levied.

“Fiscal year” means the period beginning on July 1st and ending on the following June 30th.

“Maximum special tax” means the maximum special tax that can be levied by CFD No. 2007-2 in any fiscal year on any assessor’s parcel.

“Operating fund” means a fund that shall be maintained for CFD No. 2007-2 for any fiscal year to pay for the actual costs of maintenance related to the service area, and the applicable administrative expenses.

“Operating fund balance” means the amount of funds in the operating fund at the end of the preceding fiscal year.

“Service area” means exterior landscape and park areas on Paddon Place, Reservation Road, and along the TAMC right-of-way.

“Special tax” means any of the special taxes authorized to be levied within CFD No. 2007-2 pursuant to the Act to fund the special tax requirement.

“Special tax requirement” means the amount determined in any fiscal year for CFD No. 2007-2 equal to: (i) the budgeted costs directly related to the service area, including maintenance, repair and replacement of certain components of the service area which have been accepted and maintained or are reasonably expected to be accepted and maintained during the current fiscal year, (ii) administrative expenses, and (iii) anticipated delinquent special taxes based on the delinquency rate in CFD No. 2007-2 for the previous fiscal year, less (iv) the operating fund balance, as determined by the CFD administrator.

“Unit” means each separate residential dwelling unit, which comprises an independent facility capable of conveyance or use separate from adjacent dwelling units. (Ord. 2007-09 § 1 (Exh. A), 2007)