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3/13/00 EXHIBIT D NOTICE OF PUBLIC HEARING ON PROPOSED CITY OF REDWOOD CITY COMMUNITY FACILITIES DISTRICT NO. 2000-1 (PACIFIC SHORES PROJECT) CITY OF REDWOOD CITY, COUNTY OF SAN MATEO, CALIFORNIA The City of Redwood City is considering the formation of a community facilities district (the "CFD ") under the authority of the Mello -Roos Community Facilities District Act of 1982, as amended, to fund certain public facilities and services related to new development within the City of Redwood City. This Notice contains a brief summary of the proposal, but you are referred to the City Council's Resolution of Intention (No. , adopted March 13, 2000) and its Resolution to Incur Bonded Indebtedness (No. , adopted March 13, 2000) for the definitive description of the proposal. The proposal is to subject the property within the CFD to a special tax which will be used to pay for facilities and services of benefit to land within the CFD, including paying principal and interest on bonds used to build facilities, and will expire when the bonds are retired and all eligible facilities are financed. No parcel may be taxed beyond the 2021/22 tax year. The proceeds of the bonds will be used to pay for the facilities and other expenses set forth on Exhibit A and Exhibit B attached hereto. The proposal also includes authority to issue up to $21,000,000 in bonds to be repaid by the special tax. Neither the City of Redwood City nor any person outside the CFD has any liability for the special tax or the bonds. The security for the bonds is limited to the property subject to the special tax within the CFD. In order to confer the authority upon the City of Redwood City City Council to levy the special tax and to issue the bonds, a public hearing must be held on the proposal, then the City Council will decide whether to form the CFD, and finally the qualified electors within the CFD must approve the proposal by a two- thirds vote. Where the CFD is uninhabited (as is the case here) the qualified electors are, pursuant to law, the owners of property within the CFD. This is the notice of the public hearing. The public hearing will be held during the City Council meeting on Monday, April 17, 2000 at 7:30 p.m., in the City of Redwood City City Hall Council Chambers located at 1017 Middlefield Road, Redwood City, California 94063 -0478. At the hearing, the testimony of all interested persons or potential special taxpayers for or against the formation of the proposed community facilities district, the authorization to levy the special tax, and the authorization to issue the bonds will be heard. If written protests against the Redwood Reso of Intention.DOC 13849