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12/03/2012
<br />the south. The site was originally part of a marshland system that bordered the San Francisco
<br />Bay along what is now San Mateo County.
<br />The District comprises the commercial portion of Redwood Shores, and consists of 74
<br />fully subdivided Parcels totaling approximately 300.55 acres. Eleven of the 74 Parcels,
<br />comprising a total of 16.115 acres, are used. as open space, parking areas, or other uses that
<br />exclude them from being subject to Special Taxes under the Rate and Method, are not Taxable
<br />Parcels. Sixty-three of the Parcels were initially classified as Taxable Parcels subject to the lien
<br />of Special Taxes. Oracle Corporation, the owner or controlling entity of eight of the Parcels in
<br />the District, prepaid its Special Taxes prior to the issuance of the Series 2001A Bonds, and
<br />such Parcels are not Taxable Parcels.
<br />Special Taxes are apportioned among the remaining 55 Taxable Parcels in proportion to
<br />their respective Developed Commercial Square Feet. A total of 6,158,921 commercial square
<br />feet has been constructed in the District and was initially used as the basis for levying Special
<br />Taxes on Taxable Parcels. Oracle prepaid Special Taxes applicable to eight Parcels with
<br />1,819,310 commercial square feet, and those Parcels are no longer subject to the lien of the
<br />Special Taxes. The remaining approximately 4,337,241 commercial square feet, located on
<br />262.2 acres comprising the 55 separate Taxable Parcels, is subject to the lien of the Special
<br />Taxes. There are approximately 25 different entities that own Taxable Parcels, some of which
<br />are related to each other.
<br />The first major commercial development in Redwood Shores, a corporate complex
<br />called the Shores Center, was completed in 1979, and attracted companies like DHL, Oral-B
<br />Labs, Fluor Mining & Metals, Hotel Sofitel, and many high-tech companies. By 1995 the last
<br />commercial property still retained by the Redwood Shores master developer was sold for
<br />commercial development. Electronic Arts now occupies approximately 575,000 square feet as
<br />its corporate headquarters on that site.
<br />Major owners of the Taxable Parcels in the District include Westport Office Park LLC,
<br />Electronic Arts Inc., SPK -Towers at Shores Center LLC, PLCP SF Bay Hotel Co LLC,
<br />Metropolitan Life Insurance Corporation and CA-Shorebreeze Office Limited (see "THE
<br />DISTRICT—Land Ownership and Current Special Tax Levy - Land Ownership; Current
<br />Assessed Values," and "- Property Owner Information" herein). A partial list of tenants of
<br />the buildings located in the District, based on the City's records regarding business licenses for
<br />2012, include the following: Accuvant Inc., All Nippon Airways Co., Ltd., Allegis Technology
<br />Partners LLC, Ascendent Telecommunications Inc., Avangate Inc., Biocentury Publications,
<br />Celigo Inc., Checkpoint Software Technologies, Inc., Clarus Systems, Inc., Clickatell Inc., Cloud
<br />9 Analytics Inc., Covington & Burling LLP, Electro -Diagnostic Imaging, Energy Experts
<br />International, Ensenta Corporation, Franciscan Builders Inc., Gallasus, Inc., Gazelle
<br />Technologies Inc., GX Software Inc., IAP Solutions, Inc., ICON Clinical Research, Imperva Inc.,
<br />Inside Secure Corporation, 1pass, Inc., Isocloud LLC, Jivox Corporation, King & Spalding LLP,
<br />Liveops, Inc., Manumatix Inc., Matrixstream Technologies, Inc., Mckinley Financial Group,
<br />Merchant Esolutions, Inc., Model N, Inc., Nintendo of America, Inc., Openlane, Inc.,
<br />Pharmagenesis, Platinum Security, Powerspeaking, Inc., Proteus Biomedical, Provident
<br />Services Corporation, Qubera Solutions Inc., Research In Motion, Corp., Saba Software, Inc.,
<br />SACC, Inc., Seven Dreamers Laboratories, Inc., Shutterfly.com, Inc., SSH Communications
<br />Security, The Crosby Group, Tragon Corporation, Trion Worlds, Inc., Ubmatrix, Inc., Vyshnavi
<br />Information Technologies, Weil, Gotshal & Manges, Westface Financial & Insurance Services,
<br />LLC, Xtime, Inc., and Zyme Solutions, Inc. No assurance can be given, however, that any of
<br />the foregoing are still tenants in the buildings located in the District, or that any of such entities
<br />will remain tenants of such buildings in the future.
<br />28 RESO. # 15237
<br />MUFF # 505
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