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below. At least quarterly after the First Bond Sale, the CFD Administrator shall review <br /> all new Building Permits, Final Plat Maps, condominium plans, and any other project <br /> information that has changed from the prior quarter. In addition,the CFD Administrator <br /> shall, on an ongoing basis, review all Land Use Changes. With each review, the CFD <br /> Administrator shall compare the revised land uses to the Expected Land Uses to <br /> evaluate the impact on the Expected Maximum Special Tax Revenues. Prior to the First <br /> Bond Sale and issuance of any subsequent series of Bonds, and together with the CFD <br /> Administrator's review on at least a quarterly basis, the owners of all TMK Parcels for <br /> which Building Permits have yet to be issued shall provide the CFD Administrator with <br /> a written confirmation of the Expected Land Uses on each TMK Parcel. <br /> C. MAXIMUM SPECIAL TAX <br /> 1. Tax Zone I <br /> a. Developed Property <br /> The Maximum Special Tax that may be levied in any Fiscal Year on each <br /> TMK Parcel in Tax Zone I classified as Developed Property shall be the <br /> greater of (i) the amount derived by application of the Assigned Special <br /> Tax or(ii)the amount derived by application of the Backup Special Tax. <br /> 1) Assigned Special Tax <br /> The Assigned Special Tax that may be levied in any Fiscal Year <br /> for each Land Use Class is shown in Table I on the following <br /> page. <br /> Hawai'i County CFD No. 1-2021 8 June 23,2021 <br />