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8.B. - Page 42
<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, Ipass, 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.
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