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Table 3
<br />2012-2013 Special Tax Levy by Property Owner
<br />Property Owner"}
<br />WESTPORT OFFICE PARK LLC
<br />ELECTRONIC ARTS INC
<br />SPK -TOWERS O SHORES CENTER LLC
<br />PLOP SF BAY HOTEL OWNERCO LLC
<br />METROPOLITAN LIFE INS CO
<br />CA-SHOREBREEZE OFFICE: LTD PTP
<br />SPK -TWIN DOLPHIN PLAZA LLC
<br />CA 333 TWIN DOLPI IIN OFFICE L P
<br />PROVIDENT CENTRAL CREDIT UNION
<br />REALTY ASSOCIA"T"ES FUND VTI LP
<br />SHAPELL INDUSTRIES INC
<br />RNM TWIN DOLPHIN L P
<br />BAY CLUB PENINSULA LLC
<br />101 REDWOOD SHORES LLC
<br />AG PREMIA REDWOOD SHORES LLC
<br />HINES VAF NO CAL PROPERTIES L P
<br />LBA REALTY FUND III COMPANY I LLC
<br />REDWOOD SUITES LLC
<br />SHP WESTSHORE LLC
<br />350 MARINE PARKWAY LLC
<br />BRIDGE PARK CENTER LP
<br />MAI SU WUAN TR
<br />REDWOOD SHORES ASSOCIATES LLC
<br />VERTEX MANAGEMENT INC
<br />SAN MATEO CO DENTAL SOCIETY
<br />Totals:
<br />12/03/2012
<br />Percentage
<br />Number
<br />Taxable
<br />Maximum
<br />of Total
<br />of
<br />Building
<br />Possible
<br />Special Tax
<br />2012/2013
<br />Taxable
<br />Square
<br />Annual
<br />Levy
<br />Special
<br />Parcels'
<br />Footage`'"
<br />Special Tax'
<br />2012/2013
<br />Tax Levy
<br />3
<br />967,680.0
<br />S 224,501.76
<br />$202,384.28
<br />22.31%
<br />3
<br />742,003.0
<br />172,144.70
<br />155,185.34
<br />17.11
<br />340,000.0
<br />78,880.00
<br />71,108.88
<br />7.84
<br />1
<br />280,268.0
<br />65,022.18
<br />58,616.32
<br />6.46
<br />1
<br />239,400.0
<br />55,540.80
<br />50,069.02
<br />5.52
<br />2
<br />220,000.0
<br />51,040.00
<br />46,011.64
<br />5.08
<br />1
<br />200,000.0
<br />40,400.00
<br />41,828.76
<br />4.61
<br />1
<br />183,000.0
<br />42,456.00
<br />38,273.32
<br />4.22
<br />1
<br />165,000.0
<br />38,280.00
<br />34,508.72
<br />3.80
<br />2
<br />134,959.0
<br />31, 317.45
<br />28,232.10
<br />3.11
<br />1
<br />123,961.0
<br />28,758.95
<br />25,925.68
<br />2.86
<br />2
<br />121,194.0
<br />28,117.01
<br />25,346.96
<br />2.80
<br />1
<br />100,088.0
<br />23,220.42
<br />20,932.78
<br />2.31
<br />1
<br />100,000.0
<br />23,200.00
<br />20,914.38
<br />2.30
<br />1
<br />88,560.0
<br />20,545.92
<br />78,521.76
<br />2.04
<br />1
<br />75,114.0
<br />17,426.45
<br />15,709.62
<br />1.73
<br />1
<br />62,500.0
<br />14,500.00
<br />13,071,48
<br />1.44
<br />1
<br />56,692.0
<br />13,152.54
<br />11,856.78
<br />1.31
<br />23
<br />49,100.7
<br />11,391.38
<br />10,268.90
<br />1.12
<br />1
<br />33,500.0
<br />7,841.60
<br />7,069.06
<br />0.78
<br />1
<br />25,186.0
<br />5,843.15
<br />5,267.48
<br />0.58
<br />1
<br />16,754.0
<br />3,886.93
<br />3,503.98
<br />0.39
<br />1
<br />8,052.0
<br />1,868.06
<br />1,684.02
<br />0.19
<br />1
<br />2,055.9
<br />476.96
<br />429.96
<br />0.05
<br />1
<br />1,843.3
<br />427.65
<br />385.52
<br />0.04
<br />55
<br />4,337,241.0
<br />$1,006,239.91
<br />$907,206.74
<br />100.00%
<br />f1) From Table 1.
<br />(2) Taxable Building Square Footage multiplied by applicable Maximum Annual Special Tax Rate for the
<br />respective Taxable Parcels,
<br />Source: Willdan Financial Services.
<br />The amount of the Fiscal Year 2012-2013 Special Tax levy is based on the debt service that was
<br />projected to be due on the Prior Bonds on March 1, 2013 and September 1, 2013. The Prior
<br />Bonds will be defeased on the date of issuance of the Bonds and will be fully redeemed by
<br />March 1, 2013 (see "PLAN OF REFUNDING -Redemption of Prior Bonds"). Accordingly, it
<br />is expected that future Special Tax levies on the Taxable Parcels in the District will be
<br />approximately twelve percent (12%) lower (see, e.g., Table 7 under "THE DISTRICT -
<br />Projected Debt Service Coverage" below).
<br />Value -to -Burden Ratio
<br />No Appraisal of Property in the District. The City has not commissioned an appraisal
<br />of the Taxable Parcels in the District in connection with the issuance of the Bonds. Therefore,
<br />the valuation of the Taxable Parcels in the District has been estimated for the purposes of the
<br />Act, and set forth in this Official Statement, based on the County Assessor's Fiscal Year 2012-
<br />13 assessed values.
<br />Assessed Valuation. The valuation of real property in the City is established by the
<br />County Assessor. Assessed valuations are reported at 1.00% of the full cash value of the
<br />property, as defined in Article XIIIA of the California Constitution. Article XIIIA of the
<br />California Constitution defines "full cash value" as the appraised value as of March 1, 1975,
<br />plus adjustments not to exceed 2% per year to reflect inflation, and requires assessment of
<br />"full cash value" upon change of ownership or new construction. Accordingly, the gross
<br />-26-
<br />34 RESO. # 15237
<br />MUFF # 505
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