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8.B. - Page 44
<br /> completed in the Spring of 2008 and, in general, have a useful life that can exceed 50 years.
<br /> However, changing traffic patterns and traffic volume may play a role in the need for future
<br /> improvements in the area.
<br /> On December 3, 2012, the City Council of the City, acting in the capacity as the
<br /> legislative body of the District, adopted the Bond Resolution authorizing the issuance of the
<br /> Bonds, and approving and authorizing the execution of the Fiscal Agent Agreement, escrow
<br /> instructions relating to the redemption of the Prior Bonds, the Continuing Disclosure
<br /> Agreement and other related documents and actions.
<br /> Land Ownership and Current Special Tax Levy
<br /> Land Ownership; Current Assessed Values. Table 1 below shows the fee title owners of
<br /> the Taxable Parcels in the District and the current San Mateo County assessed values of the
<br /> Taxable Parcels of each such owner. See "APPENDIX H—Taxable Parcels in the District" for
<br /> a table showing assessed valuation and other information for each Taxable Parcel in the
<br /> District.
<br /> Table 1
<br /> Ownership of Taxable Parcels in the District
<br /> and 2012-2013 Assessed Values
<br /> Number Taxable
<br /> of Building
<br /> Taxable Square 2012/2013 County Assessed Value�l�
<br /> Property Owner«� Parcels Footage«� Land Building Total
<br /> WESTPORT OFFICE PARK LLC 3 967,680.0 $82,122,095 $176,451,542 $ 258,573,637
<br /> ELECTRONIC ARTS INC 3 742,003.0 18,838,815 161,011,820 179,850,635
<br /> SPK-TOWERS @ SHORES CENTER LLC 2 340,000.0 54,613,239 66,346,552 120,959,791
<br /> PLCP SF BAY HOTEL OWNERCO LLC 1 280,268.0 16,319,972 48,307,ll8 64,627,090
<br /> METROPOLITAN LIFE INS CO 1 239,400.0 15,025,829 32,336,870 47,362,699
<br /> CA-SHOREBREEZE OFFICE LTD PTP 2 220,000.0 36,266,603 39,679,931 75,946,534
<br /> SPK-TWIN DOLPHIN PLAZA LLC 1 200,000.0 33,813,275 34,453,275 68,266,550
<br /> CA 333 TWIN DOLPHIN OFFICE L P 1 183,000.0 30,826,614 31,466,613 62,293,227
<br /> PROVIDENT CENTRAL CREDIT UNION 1 165,000.0 9,505,001 25,386,408 34,891,409
<br /> REALTY ASSOCIATES FUND VII LP 2 134,989.0 15,980,513 18,255,516 34,236,029
<br /> SHAPELL INDUSTRIES INC 1 123,961.0 6,745,381 18,484,847 25,230,228
<br /> RNM TWIN DOLPHIN L P 2 121,194.0 5,355,560 16,929,594 22,285,154
<br /> BAY CLUB PENINSULA LLC 1 100,088.0 ll,754,228 18,771,209 30,525,437
<br /> 101 REDWOOD SHORES LLC 1 100,000.0 13,295,335 15,993,571 29,288,906
<br /> AG PREMIA REDWOOD SHORES LLC 1 88,560.0 1,938,000 5,395,800 7,333,800
<br /> HINES VAF NO CAL PROPERTIES L P 1 75,ll4.0 13,000,000 7,000,000 20,000,000
<br /> LBA REALTY FUND III COMPANY I LLC 1 62,500.0 7,359,986 14,639,974 21,999,960
<br /> REDWOOD SUITES LLC 1 56,692.0 2,700,000 7,900,000 10,600,000
<br /> SHP WESTSHORE LLC 23 49,100.8 9,516,287 6,169,886 15,686,173
<br /> 350 MARINE PARKWAY LLC 1 33,800.0 7,700,000 2,300,000 10,000,000
<br /> BRIDGE PARK CENTER LP 1 25,186.0 5,261,754 4,527,555 9,789,309
<br /> MAI SU WUAN TR 1 16,754.0 1,160,408 2,881,069 4,041,477
<br /> REDWOOD SHORES ASSOCIATES LLC 1 8,052.0 2,447,054 1,254,898 3,701,952
<br /> VERTEX MANAGEMENT INC 1 2,055.9 199,696 199,696 399,392
<br /> SAN MATEO CO DENTAL SOCIETY 1 1,843.3 132,381 141,745 274,126
<br /> Totals: 55 4,337,241.0 $401,878,026 $756,285,489 $1,158,163,515
<br /> (1) Based on San Mateo County 2012/2013 Secured Property Tax Roll.
<br /> (2) Equal to the"Developed Commercial Square Feet"for the respective parcel,as such term is used in the Rate and
<br /> Method of Apportionment of Special Taxes for the District.
<br /> Source: Willdan Financial Services.
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