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Redevelopment Agency of the City of San Leandro <br />Enforceable Obligation Payment Schedule, as of January 23, 2012 <br />Total, Property Tax Trust Fund (Fund Balance will be used prior to May Distribution) <br />Ad min Allowance for January through June (1/2 year) (5%) <br />Key to Project Areas: <br />Plaza = Plaza Project Area <br />Joint = Alameda County /City of San Leandro (Joint) Project Area <br />WSL= West San Leandro /MacArthur Boulevard Project Area <br />Hsg = Affordable Housing Set -Aside <br />' Principal balance only. Interest costs will be additional for some items. <br />2 The Kings are owners of real property located within the footprint of the Bayfair Mall that is <br />being used for parking pursuant to a 1989 ground lease with the Mall developer, as amended. <br />Amendments to the lease and other agreements have been entered into that purportedly <br />require the Redevelopment Agency to guarantee lease payments to the Kings in the event of <br />default. The developers ( Bayfair 580, LLC c/o M & 1 Wikow of California, Ltd) gave notice to the <br />parties on July 12, 2011 that Bayfair Sublessee LLC would not be making any further payments <br />of rent to the Kings under the Sublease. The Kings have demanded payment from the parties, <br />including the Redevelopment Agency, as a guarantor of the lease and payments there under. <br />(Note: the validity of the lease is in dispute). If the Redevelopment Agency is ultiumately <br />responsible to guarantee the lease and make the payments, the liability could be consistent <br />with the amouts shown above. The parties are in discussions and negotiations to attempt to <br />resolve the issues, without litigation. <br />Estimated <br />Balance as of <br />Page of <br />4,864,878.36 <br />243,243.92 <br />