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"Assigned Special Tax" means the Special Tax for each Land Use Class of Developed <br />Property, as determined in accordance with Section C. La. I below. <br />"Authorized Improvements" means those facilities that are authorized to be funded by <br />CFD No. 1-2021. <br />"Backup Special Tax" means the Special Tax for each Land Use Class of Developed <br />Property, as determined in accordance with Section C. I.a.2 below. <br />"Bonds" means bonds or other debt pursuant to Article 6 of the Code, whether in one or <br />more series, issued, incurred, or assumed to fund Authorized Improvements. <br />"Buildable Lot" means an individual lot within a Final Plat Map, for which a Building <br />Permit may be issued without further subdivision of such lot. <br />"Building Permit" means a single permit or set of permits required to construct a <br />residential or non-residential structure, other than a permit issued for a foundation, <br />parking, landscaping, or other related facility or amenity if a building permit has not yet <br />been issued for the structure served by these facilities or amenities. <br />"Capitalized Interest" means funds in any capitalized interest account available to pay <br />interest on Bonds. <br />"CFD Administrator" means the person or firm designated by the County to administer <br />the Special Taxes according to this RMA. <br />"CFD Formation" means the date on which the Ordinance of Formation became <br />effective. <br />"Code" means the Community Facilities Districts Code (1994, Ord. No. 94-77, sec. 3), <br />being Chapter 32 of the Hawaii County Code 1983 (2009 Edition, as amended). <br />"County" means the County of Hawaii. <br />"County Council" means the County Council of the County of Hawaii. <br />"Developed Property" means, for each Fiscal Year, all Taxable Property, exclusive of <br />Final Mapped Property and Taxable Property Owner Association Property, for which a <br />Building Permit for new construction was issued prior to March I of the preceding Fiscal <br />Year. <br />"Development Plan" means a site plan or other development plan, which may be <br />updated from time to time, that identifies such information as the type of structure, <br />acreage, and/or square footage that is approved to be developed on Taxable Property <br />within CFD No. 1-2021. <br />Hawaii County CFD No. 1-2021 2 June 23,2021 <br />