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<br />CITY OF REDWOOD CITY, CALIFORNIA <br />TOP TEN PRINCIPAL PROPERTY TAXPAYERS <br />June 30, 2005 <br /> <br />Table 11 <br /> <br /> Percentage of <br /> Net Total Assessed <br />Taxpayer Type of Business Valuation Valuation <br /> $ <br />Oracle Corporation Software Publisher 729,507,982 6.51% <br />Pacific Shores Investors Land Developer 422,859,936 3.77% <br />Arrillage, John Tr et al Land Developer 330,808,342 2.95% <br />Selco Service Corporation Software Publisher 298,256,051 2.66% <br />Irvine Apartment Community LP Real Estate 241,054,237 2.15% <br />Credit Agricole et al Land Developers 231,620,318 2.07% <br />Slough Redwood City LLC Warehousing 211,921,902 1.89% <br />Metropolitan Life Insurance Co. Life Insurance 189,092,041 1.69% <br />SPK - Redwood Shores Land Developer 188,145,700 1.68% <br />Security Capital Pacific Trust Real Estate 118,192,184 1.05% <br /> <br /> 2,961,458,693 26.42% <br /> <br />Source: San Mateo County Assessor <br /> <br />103 <br />