No. 0747 authorizing the issuance of tax increment revenue bonds for the purpose of raising money for property acquisition and redevelopment in the SBCDA

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� ry Parcel 2 is an area within the Allocation Area as more particularly described in Exhibit C attached hereto and incorporated herein with the base assess- ment date of March 1, 1983; Parcel 3 is an area within the Allocation Area as more particularly described in Exhibit D attached hereto and incorporated herein with the base assess- ment date of March 1, 1981; Parcel 4 is an area within the Allocation Area as more particularly described in Exhibit E attached hereto and incorporated herein with the base assess- ment date of March 1, 1981; Parcel 5 is an area within the Allocation Area as more particularly described in Exhibit F attached hereto and incorporated herein with the base assess- ment date of March 1, 1985; Parcel 6 is an area within the Allocation Area as more particularly described in Exhibit G attached hereto and incorporated herein with the base assess- ment date of March 1, 1985; Parcel 7 is an area within the Allocation Area as more particularly described in Exhibit H attached hereto and incorporated herein with the base assess- ment date of March 1, 1985; and Parcel 8 is an area within the Allocation Area as more particularly described in Exhibit I attached hereto and incorporated herein with the base assess- ment date of March 1, 1985; WHEREAS, with regard to taxes levied on real property in the Allocation Area, property tax proceeds in excess of those attributable to the lesser of: (a) the assessed value of the property for the assessment date with respect to which the allo- cation and distribution is made; or (b) the assessed value of all property as finally determined for the base assessment date of the allocation provisions of the pertinent declara- tory resolutions establishing the individual parcels within the Allocation Area; shall be allocated to the Redevelopment District and, when collected, paid into the Allocation Fund, and may be used by the Commission only to: -2-