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REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO
<br />West San Leandro/MacArthur Boulevard Redevelopment Project
<br />Assessment Appeals By Top Ten Property Owners,
<br />2002-03 and 2003-04
<br /> Applicant
<br /> Opinion County
<br />Parcel Number Owner/ Applicant Of Value Roll Value Status
<br />ll Y
<br />2003
<br />04
<br />R
<br />ear
<br />-
<br />o
<br />079A-0375-007-12 AMB Property Corporation $4,000,000 $4,957,298 Pending
<br />0778-0851-003-00 AMB Property Corporation 4,000,000 5,083,374 Pending
<br />077A-0646-029-03 AMB Property Corporation 3,000,000 3,670,000 Pending
<br />077A-0646-028-00 AMB Property Corporation 3,000,000 3,528,000 Pending
<br />0778-0853-036-01 AMB Property Corporation 4,750,000 5,590,069 Pending
<br />0778-0853-035-O1 AMB Property Corporation 1,750,000 2,243,102 Pending
<br />0778-0853-034-00 AMB Property Corporation 5,500,000 6,371,409 Pending
<br />0778-0853-033-00 AMB Property Corporation 5,500,000 6,603,419 Pending
<br />079A-0515-002-10 AMB Property Corporation 14,500,000 18,509,940 Pending
<br />079A-0515-009-00 AMB Property Corporation 9,000,000 11,277,295 Pending
<br />077A-0644-002-03 American National Can Co 4,908,750 9,817,500 Pending
<br />079A-0395-002-28 Patrician Assoc Inc 12,170,000 14,489,918 Pending
<br />079A-0395-002-24 Olson Propertes $11,000,000 $14,484,000 Pending
<br />Roll Year 2002-03
<br />079A-0375-007-12 AMB Partners II LP $ 500,000 $ 4,860,096 Withdrawn
<br />0778-0851-003-00 AMB Partners II LP 500,000 4,676,700 Withdrawn
<br />079A-0515-002-10 AMB Property LP 9,000,000 18,000,000 Stipulated
<br />0778-0853-033-00 AMB Properties, LP 3,500,000 7,160,400 Withdrawn
<br />0778-0853-034-00 AMB Properties, LP 4,000,000 7,038,000 Withdrawn
<br />0778-0853-035-O1 AMB Properties, LP 1,150,000 2,641,800 Withdrawn
<br />0778-0853-036-01 AMB-SGP CIF-California LLC 3,000,000 6,058,800 Withdrawn
<br />079A-0515-009-00 AMB Property LP $5,500,000 $11,002,230 Withdrawn
<br />Source: Alameda County Assessment Appeals Board
<br />Low and Moderate Income Housing
<br />Sections 33334.2 and 33334.3 of the Redevelopment Law require the Agency to set aside
<br />not less than 20% of all Tax Revenues allocated to the Agency in a low and moderate income
<br />housing fund (the "Housing Fund") to be expended for authorized low and moderate income
<br />housing purposes (the "Housing Set-Aside Amount"). Amounts on deposit in the Housing
<br />Fund may also be applied to pay debt service on bonds, loans or advances used to provide
<br />financing for such low and moderate income housing purposes. Under the Redevelopment Law,
<br />the Housing Set-Aside Amount could be reduced or eliminated if the Agency finds that (1) no
<br />need exists in the community to improve or increase the supply of low and moderate income
<br />housing, (2) that some stated percentage less than 20% of the tax increment is sufficient to meet
<br />the housing need or (3) that other substantial efforts, including the obligation of funds from
<br />certain local, state or federal sources for low and moderate income housing, or equivalent
<br />impact are being provided for in the community. The Tax Revenue projections set forth in the
<br />table below assume that the full Housing Set-Aside Amount will be deposited in the Housing
<br />Fund and will not be available in future years to pay debt service on the Bonds. The definition
<br />of Tax Revenues contained in the Indenture expressly excludes the Housing Set-Aside Amount.
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