Notice of Special Lien Tax Community Facilities District No 2022-1

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Taxable Public Property and Taxable Welfare Exempt Property shall continue to be assigned to the same land use class as the property was assigned to before becoming Taxable Public Property or Taxable Welfare Exempt Property. Taxable Property Owner Association Property shall be assigned to land use class S. b. Backup Special Tax The Backup Special Tax per Land Use Class for each Taxable Property that is Developed Property and Final Map Property, is calculated as follows: Backup Special Tax = Expected Revenue / Dwelling Units or Non -Residential Floor Area on Developed Property and/or Dwelling Units or Non -Residential Floor Area expected on Final Map Property For each Land Use Class, by reference to Table 2, should the number of Dwelling Units or Non - Residential Floor Are be less than the Expected Dwelling Units or Non -Residential Floor Area when all Taxable Property has been classified as Developed Property and Final Map Property, the Backup Special Tax per Dwelling Unit or Square Foot of Non -Residential Floor Area shall be adjusted so that the Backup Special Tax per Dwelling Unit or Non -Residential Floor Area is sufficient to generate the Expected Revenue from the levy of Special Taxes on Taxable Property in each Land Use Class in any Fiscal Year. The CFD Administrator shall update Table 2 with the revised Dwelling Units or Non - Residential Floor Area and Expected Revenue to be derived from each Land Use Class. TABLE 2 — TAX ZONE A EXPECTED DWELLING UNITS AND EXPECTED REVENUE FISCAL YEAR 2022/23 Land Use Class Expected Dwelling Units/Square Feet of Non -Residential Floor Area Expected Revenue 1 148 $ 814, 000.00 2 52 (21 of which are BMR Units) 179,400.00 3 285 250,016.25 4 100,876 250,172.48 5 19,024 41,472.32 Prior to a sale of CFD No. 2022-1 Bonds, if a Land Use Class change for Taxable Property is proposed or identified that will result in a change in the Expected Revenues, no action will be needed pursuant to this Section. Each Fiscal Year, the CFD Administrator shall update Table 2 to show the revised Units and Expected Revenues if a Land Use Class change has been approved. After a sale of CFD No. 2022-1 Bonds, if a Land Use Class change for Taxable Property is proposed or identified, the following must be applied: If the Special Tax revenue from the levy of Special Taxes on Taxable Property in each respective Land Use Class calculated based on the Land Use Class change is greater than the respective revenue reflected in Table 2 or less than the respective revenue calculated in Table 2, but the reduction in Expected Revenues does not reduce debt service coverage below any minimum debt City of San Leandro July 8, 2022 CFD No. 2022-1 (Monarch Bay Shoreline Facilities & Services) Page B-8