Undevelopable Property definition
Undevelopable Property means all property designated by cross-hatching on the most current boundary map for CFD No. 92-1 on file with the School District, unless and until, if ever, property heretofore designated by cross-hatching is identified on an approved tentative map, Final Commercial Subdivision, or Final Residential Subdivision as intended to be developed (i.e., fails to meet the exemption criteria set forth in Section E) or property heretofore not designated by cross-hatching is identified on an approved tentative map, Final Commercial Subdivision, or Final Residential Subdivision as intended to be undevelopable (i.e., meets the exemption criteria set forth in Section E) in which event Undevelopable Property shall mean property designated as such on the revised boundary map on file with the School District on which the preceding changes will be reflected. Notwithstanding the above, the amount of Undevelopable Property exempt from the Special Tax shall not be increased to exceed the limitations set forth in Section E. If the amount of Undevelopable Property is greater than the limitations set forth in Section E, then the amount in excess shall be allocated its share of Gross Acreage pursuant to methodology in Section C and shall be subject to the Special Tax pursuant to Section D. Undevelopable Property shall be allocated to the categories set forth in Section E on a first in time basis.