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NOTICE OF FAU URE TO FILE ANNUAL REPORT <br />Name of Issuer: City of Redwood City, <br />for and on behalf of the Redwood Shores Community Facilities District No. 99 -1 <br />(Shores Transportation Improvement Project) of the City of Redwood City <br />Name of Bond Issue: Redwood Shores Community Facilities District No. 99 -1 (Shores Transportation <br />Improvement Project) of the City of Redwood City Special Tax Bonds, Series <br />2003B <br />Date of Issuance: 2003 <br />NOTICE IS HEREBY GIVEN that the City has not provided an Annual Report with respect to <br />the above -named Bonds as requited by Section 5.03 of the Fiscal Agent Agreement dated as of <br />February 1, 2001 between the City and BNY Western Trust Company. The City anticipates that the <br />Annual Report will be filed by <br />Dated: <br />CITY OF REDWOOD CITY, for and on behalf of <br />the REDWOOD SHORES COMMUNITY <br />FACILITIES DISTRICT NO. 99-1 (SHORES <br />TRANSPORTATION IMPROVEMENT PROJECT) <br />OF THE CITY OF REDWOOD CITY <br />By: <br />E -6 <br />