Examples of Development Class in a sentence
In some instances, a Parcel of Developed Property may contain more than one Development Class.
The Maximum Special Tax that may be levied on such Parcel shall be the sum of the Maximum Special Tax that can be levied within the applicable Improvement Area for each Development Class located on that Parcel.
The Administrator’s allocation to each Development Class shall be final.
Once a Maximum Special Tax has been assigned to a Parcel of Developed Property, the Maximum Special Tax shall not be reduced in future Fiscal Years regardless of changes in Development Class, Square Footage, or Acreage, unless a reduction in the Maximum Special Tax is approved by the Board for the entire CFD.