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<br /> EXHIBIT 1 <br /> BUILDING VALUE AND PROPERTY TAX ASSUMPTIONS <br /> SELECTED MID-POINT TECHNOLOGY BUILDINGS (1) <br /> 2004 <br /> Building 2004 Assessed Yalue (2) Property <br />Address Sq. Ft. Total Sq. Ft. Tax (2004) (3) <br />420 Broadway 90,840 $16,094,985 $177 $169,303 <br />430 Broadway 86,904 $15,391,085 $177 $162,151 <br />440 Broadway 96,342 $17,113,656 $178 $180,262 <br />450 Broadway 86,418 $15,280,050 $177 $160,983 <br />Total/Average 360,504 $63,879,776 $177 $672,699 <br />Notes: <br />(1) Includes only the Mid-Point Technology Park buildings anticipated to be purchased by Stanford <br />Hospital and Clinics. <br />(2) Includes land and improvements. <br />(3) Total property tax payments, only a portion of which accrue to the City of Redwood City. <br />Sources: CoStar; San Mateo County Assessor's Office; and CBRE Consulting. <br />Q:\projects\2004\ 1004150 Stanford Hosp. Redwood City\ Working <br />Docs\Fiscal Benefit\[Stanford FiscaI6.xls]Ex1 [JB] 27 -Sep-05 <br /> <br />~ <br />~ <br />