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Exhibit "C" <br /> METHOD OF ASSESSMENT SPREAD <br /> SEAPORT BOULEVARD LANDSCAPE MAINTENANCE DISTRICT <br /> The assessments are apportioned according to the special benefits received by <br /> the parcels of land within the District. The special benefit derived by each parcel <br /> is determined in relationship to the entirety of the annual maintenance and <br /> operation expenses of the improvements to be maintained by the District. No <br /> assessment has been apportioned on any parcel that exceeds the reasonable <br /> cost of the proportional special benefits conferred on that parcel. <br /> Only special benefits are assessed and any general benefits have been <br /> separated from the special benefits for purposes of this report. For such <br /> purposes, the general benefits derived from the subject improvements are <br /> estimated to be $0. While the public-at-large may visit the District, it is expected <br /> to do so only in connection with the various businesses on the parcels within the <br /> District. Absent the improvements, real estate development would not be <br /> possible within the District. Consequently, all of the improvements are required <br /> by the parcels within the District and all of the benefits associated with the <br /> improvements accrue solely to the parcels in the District. <br /> The method of assessment to the various parcels within the Seaport Boulevard <br /> Landscape Maintenance District shall be calculated as follows: <br /> c = {C — PRWC } x {(1/2 a/A) + (1/4 f/F) + (1/4 d/D)} <br /> where: <br /> c Individual parcel assessment. <br /> C Total District Operation and Maintenance budget for the fiscal year. <br /> a Individual parcel area. <br /> A Summation of all Maintenance District parcel areas. <br /> f Individual parcel frontage on the Southern Pacific Transportation <br /> Company right-of-way. <br /> F Summation of all Maintenance District parcel frontages on the Southern <br /> Pacific Transportation right-of-way. <br /> 5 <br />