FISCAL YEAR 2005-06 February 13, 2006 Prepared By

CITY OF VALLEJO COMMUNITY FACILITIES DISTRICT NO. 2002-1 (MARE ISLAND SERVICES)

CFD STATUS REPORT FISCAL YEAR 2005-06

February 13, 2006

Prepared By:

Goodwin Consulting Group, Inc. 555 University Avenue, Suite 280 Sacramento, CA 95825 (916) 561-0890

TABLE OF CONTENTS

Section Page

I. Introduction...... 1

II. Fiscal Year 2005-06 Special Tax Requirement ...... 2

III. Fiscal Year 2005-06 Special Tax Levy ...... 3 Rate and Method of Apportionment of Special Tax...... 3

IV. Development Status...... 6

V. Fiscal Year 2004-05 Special Tax Delinquencies ...... 8

VI. SB 165 Reporting Requirements ...... 9

Appendix A - City of Vallejo CFD No. 2002-1 Fiscal Year 2005-06 Direct Tax Levy Summary (July Levy Only)

Appendix B - City of Vallejo CFD No. 2002-1 Fiscal Year 2005-06 Direct Tax Levy Summary (January Levy Only)

Appendix C - Fiscal Year 2005-06 Special Tax Levy for Properties Placed on Tax Roll

Appendix D - Fiscal Year 2005-06 Services Budget and Estimated Revenues

Appendix E - Boundary Map of Community Facilities District No. 2002-1

I. INTRODUCTION

City of Vallejo Community Facilities District No. 2002-1 (Mare Island Services)

On May 7, 2002, the Vallejo City Council adopted Resolution No. 02-189 which established Community Facilities District No. 2002-1 (Mare Island Services) and a successful landowner election authorized the levy of a Mello-Roos special tax on property within the CFD. The special tax will be levied on all taxable properties within the CFD for the fiscal year 2005-06. In Exhibit A of said Resolution, the level and description of services to be funded by the CFD were presented. The Exhibit specifies that the Services shall include the attributable costs of engineering, design, planning and coordination, together with the expenses related to the creation and administration of the CFD and all other expenses incidental thereto. Furthermore, it is specified that the Services shall consist of any or all of the services defined by Section 14.45.110 (C) of the City of Vallejo – Mare Island Services Financing Code.

The CFD is located in the City of Vallejo and its boundaries encompass a 553-acre area on Mare Island that includes areas for future residential development, as well as existing residential, commercial, industrial, golf course, and public property. The current residential development plan for the CFD includes construction of 764 single family detached units, 486 single family attached units, and 150 multi-family units.

The Mello-Roos Community Facilities Act of 1982

The California State Legislature approved the Mello-Roos Community Facilities District Act of 1982 that provides for the levy of a special tax within a defined geographic area (a “Community Facilities District” or “CFD”) if such a levy is approved by two-thirds of the qualified electors in the area. CFDs can generate funding for a broad range of facilities and eligible services. These services include police protection services, fire protection and suppression services, library services, recreation program services, maintenance services for school sites and structures, maintenance of parks, parkways, and open space, and flood and storm protection services. Special taxes can be allocated to property in any reasonable manner other than on an ad valorem basis.

City of Vallejo CFD No. 2002-1 Page 1 Fiscal Year 2005-06 Administration Report

II. SPECIAL TAX REQUIREMENT

Pursuant to the Rate and Method of Apportionment of Special Tax (“RMA”), the Special Tax Requirement means the amount necessary in any Fiscal Year to (i) pay service costs for the Fiscal Year pursuant to the CFD budget prepared by the City, (ii) repay the City for amounts advanced to cover the costs of services authorized to be funded by the CFD, (iii) cure delinquencies in the payment of the Special Tax in prior Fiscal Years or (based on delinquencies in past Fiscal Years) that are expected to occur in the current Fiscal Year, (iv) pay administrative expenses of the CFD, and (v) maintain the Operating Reserve at $300,000. This Special Tax Requirement will be reduced each fiscal year by (i) surplus revenue, if any, carried forward from the Special Tax Levy in prior Fiscal Years, (ii) revenues generated from property or activities on Mare Island that are required to be applied to reduce the Special Tax Requirement, including but not limited to, property tax, sales tax, utility users tax, transient occupancy tax, franchise tax, business license fees, possessory interest tax, property transfer tax, storm drainage revenues, net water and sanitary sewer revenues, and (iii) other revenues that, at the City’s sole discretion, are determined to be available to be applied to reduce the Special Tax Requirement, including but not limited to, funds paid to the City by the Master Developer pursuant to the Acquisition Agreement, and funds paid to the City as a result of the City’s lease of the dredge ponds.

For fiscal year 2005-06, the Special Tax Requirement is based on an estimate of services costs for the CFD provided by the City, less any reductions deemed applicable. The Special Tax Requirement for fiscal year 2005-06 is $3,612,114. This is a decrease of $116,319 from the 2004-05 fiscal year Special Tax Requirement of $3,728,433. The fiscal year 2005-06 Special Tax Requirement is calculated as follows:

Expenses for Fiscal Year 2005-06 $5,305,900

Services Budget $5,055,900 Operating Reserve $250,000 Surplus Carried Forward from Fiscal Year 2004-05 ($1,310,000) Estimated Revenues for Fiscal Year 2005-06 ($383,786)

Net Fiscal Year 2005-06 Special Tax Requirement $3,612,114

City of Vallejo CFD No. 2002-1 Page 2 Fiscal Year 2005-06 Administration Report

SECTION III. SPECIAL TAX LEVY

Special Tax Categories

Special taxes within CFD No. 2002-1 are levied pursuant to the methodology set forth in the Rate and Method of Apportionment of Special Tax (“RMA”), which was adopted as an exhibit to the Resolution of Formation of CFD No. 2002-1. The RMA establishes various special tax categories against which the special tax can be levied each fiscal year, including Single Family Detached Property, Single Family Attached Property, Multi-Family Property, Non-Residential Property, and Unused Property. [All capitalized terms are defined in the RMA.]

Single Family Detached Property is defined as all Parcels for which a building permit for construction of a residence that does not share a common wall with another unit was issued prior to June 1 of the preceding Fiscal Year. Single Family Attached Property is defined as all Parcels for which a building permit for new construction of a residential structure consisting of two or more units that share common walls and are offered as for-sale units, including condominiums, was issued prior to June 1 of the preceding Fiscal Year. Multi-Family Property is defined as all Parcels for which a building permit for new construction of a residential structure with Units that are offered for rent to the general public was issued prior to June 1 of the preceding Fiscal Year.

Non-Residential Property means any Parcel of Taxable Property within the boundaries of CFD No. 2002-1 that (i) is owned by the Master Developer (Lennar Mare Island), Legacy Partners (now the City of Vallejo), or a Subsequent Owner and on which there is an executed lease, license or other agreement for use or occupancy of a building or area of land, (ii) owned by a Subsequent Owner and has had a building permit for construction or reconstruction of a non- residential building issued before June 1 of the prior Fiscal Year (but not prior to June 1, 2001) (iii) is owned by a Subsequent Owner and a occupancy permit for non-residential use has been issued before June 1 of the prior Fiscal Year (iv) is owned by a Subsequent owner and a building on the Parcel is occupied for a non-residential use whether or not a building permit or certificate of occupancy has been issued, (v) is owned by a Subsequent Owner and a building has been constructed which is leasable but has not yet been leased, or (vi) is Taxable Public Property.

Lastly, Unused Property is defined as all Taxable Property that is owned or controlled by Lennar Mare Island or the City of Vallejo which (i) is developable but has no buildings on it, (ii) is developable but has a building on it which is unusable and scheduled to be demolished, or (iii) has a building on it which is leasable but has not yet been leased. “Unused Property” shall also include (i) Taxable Property that is owned by a Subsequent Owner that is not yet Developed Residential or Non-Residential Property, and (ii) the remainder of a Parcel if the leased land area is a portion, but not all, or a particular Parcel. Notwithstanding the above, if a lease is entered into for an area of land that does not have a building constructed on it, such land area will be treated as Non-Residential Property and not Unused Property.

City of Vallejo CFD No. 2002-1 Page 3 Fiscal Year 2005-06 Administration Report

Apportionment of Actual Special Taxes Levied in Fiscal Year 2005-06

Each fiscal year, the Special Tax shall be a levied as follows until the amount of the levy is equal to the Special Tax Requirement for that fiscal year.

Prior to Parcelization

For all or any portion of Mare Island, before (i) the County Assessor’s Office has assigned Assessor’s Parcel numbers to individual parcels of property, (ii) those Parcels and Assessor’s Parcel numbers are reflected on the County Assessor’s Maps, and (iii) the County will determine an assessed value for the Parcels and begin levying an ad valorem property tax on such Parcels on the County tax roll, the Special Taxes for such parcels are to be levied on a Semi-Annual basis and apportioned as follows: First, proportionally levy the Special Tax on all parcels of Developed Property up to 50% of the Maximum Special Tax. If additional revenues are needed after the first step, the Special Tax shall be levied proportionally on each parcel of Golf Course Property, Non-Residential Property, and Unused Property up to 50% of the maximum of the Special Tax for those properties. The tax bills for this Semi-Annual Levy will be billed directly, and not on the property tax bill, and are due in December 10th and April 10th of the then current Fiscal Year.

After Parcelization

Once Parcelization has occurred, properties are then taxed on an annual basis by the following apportionments: First, Levy the Special Tax Proportionately on each Parcel of Developed Residential Property up to 100% of the Maximum Special Tax. If additional revenues are needed, the Special Tax shall be levied proportionately on each parcel of Golf Course Property, Non-Residential Property, and Unused Property up to 100% of the Maximum Special Tax. These taxes will be placed on the County Tax Roll and paid at the same time as regular ad valorem taxes.

For the 2005-06 fiscal year, the CFD included parcels that have been parcelized as well as those that have not yet been assigned assessor’s parcel numbers. As such, the CFD tax levy for fiscal year 2005-06 includes individual levies that have been submitted to the County for placement on property tax bills, as well as direct billed tax levies that have been mailed to the property owners. Taxing Developed Residential Property at 100% of the Maximum Special Tax generates a total of $217,109 for this Fiscal Year. This is insufficient to cover the Special Tax Requirement for the 2005-06 Fiscal Year of $3,612,114. Therefore Golf Course Property, Non-Residential Property, and Unused Property are each taxed at 34.9% of their respective Maximum Special Tax Rates in order to generate the remaining $3,395,005 needed to cover the Services budget. The Maximum and Actual Tax rates for Fiscal Year 2005-06 are summarized in the tables below.

City of Vallejo CFD No. 2002-1 Page 4 Fiscal Year 2005-06 Administration Report

Fiscal Year 2005-06 Maximum and Actual Special Tax Rates City of Vallejo CFD No. 2002-1

Land 2005-06 Maximum 2005-06 Actual Use Class Special Taxes Special Taxes Developed Residential $2,294.76 per Residential Unit $2,294.76 per Residential Unit Greater than 3,000 sq. ft. Developed Residential $2,137.80 per Residential Unit $2,137.80 per Residential Unit Between 2,601 and 2,999 sq. ft. Developed Residential $1,921.32 per Residential Unit $1,921.32 per Residential Unit Between 2,301 and 2,600 sq. ft. Developed Residential $1,731.89 per Residential Unit $1,731.89 per Residential Unit Between 2,001 and 2,300 sq. ft. Developed Residential $1,596.59 per Residential Unit $1,596.59 per Residential Unit Between 1,700 and 2,000 sq. ft. Developed Residential $1,488.34 per Residential Unit $1,488.34 per Residential Unit Less than 1,700 sq. ft. Single Family Attached Units $1,407.16 per Residential Unit $1,407.16 per Residential Unit Multi-Family Units $1,190.68 per Residential Unit $1,190.68 per Residential Unit Greater of $19,889.69 per acre Greater of $6,942.64 per acre Non-Residential Property or $2.11 per building sq. ft. or $0.74 per building sq. ft. Golf Course Property $1,988.43 per acre $694.08 per acre Greater of $19,889.69 per acre Greater of $6,942.64 per acre Taxable Public Property or $2.11 per building sq. ft. or $0.74 per building sq. ft. Unused Property $9,944.30 per acre $3,471.73 per acre

City of Vallejo CFD No. 2002-1 Page 5 Fiscal Year 2005-06 Administration Report

SECTION IV. DEVELOPMENT STATUS

Parcelized Properties

As of June 1, 2005, parcelization has occurred in one residential area and one non-residential area of Mare Island. Farrgut Village Unit 1, located on 24.78 acres of land, has been subdivided into 126 Single Family developable parcels. Of those 126 parcels, 113 have had building permits issued as of June 1, 2005, causing them to be classified as Developed Residential Property for the 2005-06 Fiscal Year. A portion of the Eastern Early Transfer Parcel on the northwest end of the island has been broken up into 4 industrial use parcels. Pursuant to the methods described in Section III, all these aforementioned properties will have their annual Special Taxes placed on their property tax bills. The Golf Course property has also been parcelized, and is therefore included in the special tax levy that is submitted to the County Auditor. A breakdown of the development status for the entire District is outlined in the table on the following page.

Non-Parcelized Properties

All property in the CFD not mentioned in the preceding paragraph has not been parcelized as of June 1, 2005 and will therefore be taxed directly through a mailed tax bill. These properties include property owned by Lennar Mare Island, the City of Vallejo, all Subsequent Owner property, and any other Taxable Public Property. These properties are subject to the same tax rates outlined in Section III. Given that these properties all fall into either the Non-Residential or Taxable Public Property tax categories, they are all taxed at those respective rates. As more parcelization and subsequent development occurs, more property will be taxed through their property tax bills. A summary of ownership, acreage, and tax information is provided in the Appendix.

City of Vallejo CFD No. 2002-1 Page 6 Fiscal Year 2005-06 Administration Report

Allocation to Special Tax Categories FY 2005-06

Land Units or Acres in Use Class Special Tax Category Developed Residential 0 Units Greater than 3,000 sq. ft. Developed Residential 35 Units Between 2,601 and 2,999 sq. ft. Developed Residential 38 Units Between 2,301 and 2,600 sq. ft. Developed Residential 40 Units Between 2,001 and 2,300 sq. ft. Developed Residential 0 Units Between 1,700 and 2,000 sq. ft. Developed Residential 0 Units Less than 1,700 sq. ft. Single Family Attached Units 0 Units Multi-Family Units 0 Units Non-Residential Property 186.8 Acres Golf Course Property 170.3 Acres Unused Property 342.9 Acres

City of Vallejo CFD No. 2002-1 Page 7 Fiscal Year 2005-06 Administration Report

SECTION V. DELINQUENCIES

As of August 31, 2005, there have been no reported delinquencies in Special Tax payments for the 2004-05 Fiscal Year.

City of Vallejo CFD No. 2002-1 Page 8 Fiscal Year 2005-06 Administration Report

SECTION V. SENATE BILL 165 REPORTING REQUIREMENTS

On September 18, 2000, Governor Gray Davis approved Senate Bill (SB) 165 which enacted the “Local Agency Special Tax and Bond Accountability Act.” In approving the bill, the Legislature declared that local agencies need to demonstrate to the voters that special taxes and bond proceeds are being spent on the facilities and services for which they were intended. To further this objective, the Legislature added Section 50075.3 to the California Government Code setting forth annual reporting requirements relative to special taxes collected by a local public agency. Pursuant to the Section 50075.3, the “chief fiscal officer” of the City will, by January 1, 2002 and at least once a year thereafter, file a report with the City Council setting forth the information below.

Section 50075.3

Item (a): Identify the amount of special taxes that have been collected and expended.

Item (b): Identify the status of any project required or authorized to be funded by the special taxes.

City of Vallejo CFD No. 2002-1 Page 9 Fiscal Year 2005-06 Administration Report

APPENDIX A

City of Vallejo Community Facilities District No. 2002-1

Fiscal Year 2005-06 Direct Tax Levy Summary (July Levy Only)

CITY OF VALLEJO COMMUNITY FACILITIES DISTRICT NO. 2002-1 (MARE ISLAND MUNICIPAL SERVICES) FISCAL YEAR 2005-06 LEVY (JULY LEVY ONLY)

Assumptions

Maximum Annual Special Tax Fiscal Year 2005-06 per acre per bldg sf Non-Residential Property, greater of: $19,890 $2.111 Taxable Public Property, greater of: $19,890 $2.111 Unused Property $9,944 N/A Golf Course Property $1,988 N/A Residential Property per unit # of proposed units # of actual units Revenue SFD Units > 3,000 sqft $2,295 99 0 $0 SFD Units 2,601-3,000 sqft $2,138 98 35 $74,823 SFD Units 2,301-2,600 sqft $1,921 92 38 $73,010 SFD Units 2,001-2,300 sqft $1,732 97 40 $69,276 SFD Units 1,700-2,000 sqft $1,597 164 0 $0 SFD Units < 1,700 sqft $1,488 214 0 $0 Single Family Attached Units $1,407 486 0 $0 Multi-Family Units $1,191 150 0 $0 FY 2005-06 Residential Revenue: $217,109 Acreage Breakdown: Lennar (including leased acreage and TPP) 397.51 Lennar (excluding leased acreage and TPP) 242.63 City of Vallejo (formerly Legacy) 80.76 Subsequent Owner of Farragut Village Unit #3 15.76

Fiscal Year 2005-06 Net Services Budget Full Fiscal Year 2005-06 Services Budget $5,055,900 [1] plus: Operating Reserve $250,000 less: Surplus Carried Forward from Fiscal Year 2004-05 ($1,310,000) [2] less: Estimated Revenues for Fiscal Year 2005-06 ($383,786) [3] Fiscal Year 2005-06 Net Services Budget $3,612,114

One-Half of FY 2005-06 Net Services Budget (for July levy) $1,806,057 less: Revenues From Residential Property Placed on the County Tax Roll ($108,554) less: Reduction per Section 8 of Settlement Agreement $0 [4] less: Revenues from Non-Residential & Unused Property Placed on Tax Ro ($243,936) Net Amount to be Collected From Property Other Than Those on Roll $1,453,567

Maximum Revenues that Could be Collected Non-Residential Property (Lennar leases) $4,419,402 Taxable Public Property $536,531 Lennar, Unused Acreage $2,412,768 City of Vallejo (formerly Legacy), Unused Acreage $803,102 Subsequent Owner of Farragut Village Unit #3 $156,722 Total Maximum Revenues Available $8,328,526 Actual Revenue Needed for July 2005 Direct Levy $1,453,567 Percent of Total Revenues Needed for July 2005 Levy 17.45%

Actual Revenues to be Collected % of Total Per-Acre Levy Per-SqFt Levy Non-Residential Property (Lennar leases) $771,313 53.06% $3,471 $0.37 Taxable Public Property $93,640 6.44% $3,471 $0.37 Lennar, Unused Acreage $421,097 28.97% $1,736 N/A Vallejo (formerly Legacy), Unused Acreage $140,164 9.64% $1,736 N/A Subsequent Owner of Farragut Village Unit #3 $27,353 1.88% $1,736 N/A Total Special Tax Levy, July 2005 $1,453,567 100.00%

1. Provided by John Cerini, June 15, 2005. Includes adjustment per Section C(8) of Settlement Agreement. 2. Provided by Bill Miller, July 28, 2005 3. Provided by Bill Miller, July 28, 2005 4. Amount required pursuant to Section C(8) of Settlement Agreement was deducted from the total budget amount. This reduction will apply through FY 2007-08.

Goodwin Consulting Group, Inc. 09/21/2005 TABLE 1 MARE ISLAND COMMUNITY FACILITIES DISTRICT NO. 2002-1 SUMMARY OF CURRENT LEASES ON LENNAR PROPERTY (NOT INCLUDING TAXABLE PUBLIC PROPERTY)

MAXIMUM FY 2005-06 SPECIAL TAX LEVY AND ACTUAL LEVY FOR JULY 2005

Leased Leased Floor Area FY 2005-06 Actual July 2005 Tenant Premises Land SqFt Bldg SqFt Ratio Max. Special Tax Tax Levy American Trash Mgt Bldg 120 10,750 1,900 0.177 $4,908 $857 Architectural Metals 672 21,200 9,000 0.425 $18,999 $3,316 Babcock 124 9,520 2,100 0.221 $4,433 $774 Battlebots 140 12,722 5,922 0.465 $12,501 $2,182 Battlebots 34 12,300 5,775 0.470 $12,191 $2,128 Berkeley Farms Yard Space 44,700 0 0.000 $20,410 $3,562 Bio Energy Bldg 690 6,000 4,000 0.667 $8,444 $1,474 Bio Energy 150 4,040 1,624 0.402 $3,428 $598 Brooks Street Bldg 459 4,336 1,700 0.392 $3,589 $626 Cagwin & Dorward B117S 3,176 1,024 0.322 $2,162 $377 Carpenter 112 60,720 57,480 0.947 $121,340 $21,177 Carpenter Expansn 112 64,945 57,000 0.878 $120,327 $21,001 Cat Tech Portion 117 14,080 8,580 0.609 $18,112 $3,161 Cerberus Qtrs 17 and 17B 15,695 1,268 0.081 $7,166 $1,251 CH2M Hill Bldg 459 8,418 2,681 0.318 $5,660 $988 Chaudhary Bldg 459 5,923 1,886 0.318 $3,981 $695 Cingular Wireless 483 Roof 0 600 0.000 $1,267 $221 Cooper Crane 684 and Laydown 70,046 1,555 0.022 $31,983 $5,582 Cooper Crane Bldg 112 6,291 3,291 0.523 $6,947 $1,213 Cooper Crane Berth 15 58,237 0 0.000 $26,591 $4,641 CS Marine Portion Berth 19 110,513 0 0.000 $50,461 $8,807 CS Marine Land 28,000 0 0.000 $12,785 $2,231 Curtis Coleman Bldg 118 36,800 22,500 0.611 $47,498 $8,290 Davis Electric 670 17,500 8,400 0.480 $17,732 $3,095 Department of Trans. Bldg 459 26,635 7,915 0.297 $16,709 $2,916 DL Equipment Portion 117 0 1,609 0.000 $3,397 $593 East Bay Erectors B152 25,800 5,751 0.223 $12,140 $2,119 Engeo Bldg 744 5,226 1,005 0.192 $2,386 $416 Engeo Bldg 459 7,417 3,560 0.480 $7,515 $1,312 Esco Marine Berth 12 30,000 0 0.000 $13,698 $2,391 Expertees Bldg 58 17,344 7,344 0.423 $15,503 $2,706 Falcon's Court Qtrs E 38,518 9,543 0.248 $20,145 $3,516 Falcon Truck School Laydown 15,000 0 0.000 $6,849 $1,195 Finishing Technology 670 25,840 8,804 0.341 $18,585 $3,244 Gary Morris Qtrs. R 24,075 2,447 0.102 $10,993 $1,919 Globalcrete Bldg 559 51,667 21,520 0.417 $45,429 $7,929 Granberg Bldg 289 42,075 9,000 0.214 $19,212 $3,353 Gridley's Ferry Boats Berth 8 11,250 0 0.000 $5,137 $897 Greystone Homes Bldg 112 0 762 0.000 $1,609 $281 Hal Pierce Electric Portion B117 0 4,865 0.000 $10,270 $1,792 Home Depot portion of 112 14,506 6,506 0.449 $13,734 $2,397 Hot Water, Inc. Portion of B117 0 1,300 0.000 $2,744 $479 Island Energy Qtrs P 18,700 3,414 0.183 $8,539 $1,490 Jeffco 678 155,000 107,599 0.694 $227,141 $39,643 TABLE 1 MARE ISLAND COMMUNITY FACILITIES DISTRICT NO. 2002-1 SUMMARY OF CURRENT LEASES ON LENNAR PROPERTY (NOT INCLUDING TAXABLE PUBLIC PROPERTY)

MAXIMUM FY 2005-06 SPECIAL TAX LEVY AND ACTUAL LEVY FOR JULY 2005

Leased Leased Floor Area FY 2005-06 Actual July 2005 Tenant Premises Land SqFt Bldg SqFt Ratio Max. Special Tax Tax Levy Jeffco 750/688 183,715 75,300 0.410 $158,958 $27,743 Jeffco 738/874/931/1332 87,676 23,625 0.269 $49,872 $8,704 Jeffco S. of McDonalds 118,460 0 0.000 $54,089 $9,440 Jerry Carter B132 0 3,700 0.000 $7,811 $1,363 Kiewit Pacific Berth 2 & 5 24,000 0 0.000 $10,959 $1,913 Kiewit Pacific Berth 16 & 17 90,130 0 0.000 $41,154 $7,183 Klamath Boat B207 24,036 51,636 2.148 $109,004 $19,024 Latham 98/507 156,014 42,119 0.270 $88,913 $15,518 Lennar Mare Island Bldg 459 23,837 7,194 0.302 $15,187 $2,650 Lennar Homes Qtrs 411 & 420 37,000 4,194 0.113 $16,894 $2,949 Lennar Homes Qtrs 19 15,330 1,400 0.091 $7,000 $1,222 Lennar Homes Qtrs O 46,356 8,365 0.180 $21,166 $3,694 Lords Fellowship 733/737 58,172 21,477 0.369 $45,338 $7,913 Mactec Bldg 459 17,588 5,599 0.318 $11,819 $2,063 McCovey's Portion 117 0 9,256 0.000 $19,539 $3,410 Miam 141 & 155 15,939 12,879 0.808 $27,188 $4,745 Michael Boyle B523 84,814 61,586 0.726 $130,008 $22,690 Michael Learn Portion 117 0 1,620 0.000 $3,420 $597 Minuteman Press B-760 20,250 3,180 0.157 $9,246 $1,614 Nextel 483 Roof 0 600 n/a $1,267 $221 North America Title Portion Qtrs O 0 750 0.000 $1,583 $276 North Hills Baptist Morton Field / B549 152,000 960 0.006 $69,404 $12,113 North Pacific Laydown 54,140 0 0.000 $24,721 $4,314 North Pacific B459 13,509 4,300 0.318 $9,077 $1,584 North Pacific B100/373/Yard 296,896 51,492 0.173 $135,564 $23,660 Packaging Arts Qtrs K 66,600 8,783 0.132 $30,410 $5,307 Pamala Norman Bldg 112 0 1,523 0.000 $3,215 $561 RD Council Portion 117 0 3,208 0.000 $6,772 $1,182 Recon 457 17,250 3,750 0.217 $7,916 $1,382 Red Barn Productions Bldg 145 11,530 6,834 0.593 $14,427 $2,518 Roofing Supp;y Group Bldg 223 47,400 18,000 0.380 $37,998 $6,632 Rose, Tim 153 12,312 8,230 0.668 $17,374 $3,032 Scott Scherer Bldg 757 9,280 6,375 0.687 $13,458 $2,349 Shining Star 902 27,940 3,625 0.130 $12,758 $2,227 Stairbuilders Portion B1328 0 1,200 0.000 $2,533 $442 Storage Mobility Portion B126 22,245 16,745 0.753 $35,349 $6,169 Supreme Truck 853 34,398 8,540 0.248 $18,028 $3,146 Syar Industry Berth 18 71,645 0 0.000 $32,713 $5,709 Tanglefoot Portion B126 44,400 36,220 0.816 $76,460 $13,345 Tetra Tech Portion of Bldg 535 0 6,000 0.000 $12,666 $2,211 Tony Peninsi 1326 19,094 5,000 0.262 $10,555 $1,842 Touro Campus. PH I 928,965 191,193 0.206 $424,170 $74,030 Touro Campus. PH II 458,596 92,359 0.201 $209,397 $36,546 Touro Campus. PH III 492,560 217,625 0.442 $459,406 $80,180 TABLE 1 MARE ISLAND COMMUNITY FACILITIES DISTRICT NO. 2002-1 SUMMARY OF CURRENT LEASES ON LENNAR PROPERTY (NOT INCLUDING TAXABLE PUBLIC PROPERTY)

MAXIMUM FY 2005-06 SPECIAL TAX LEVY AND ACTUAL LEVY FOR JULY 2005

Leased Leased Floor Area FY 2005-06 Actual July 2005 Tenant Premises Land SqFt Bldg SqFt Ratio Max. Special Tax Tax Levy US Army Corp of Eng. Berth 9 31,300 0 0.000 $14,292 $2,494 Vallejo Floor Portion 117 0 10,908 0.000 $23,027 $4,019 Vincent Backen Berth 6 5,600 0 0.000 $2,557 $446 Walsh Construction Blidg 112 0 2,635 0.000 $5,562 $971 Western Dovetail Bldg 118 36,800 22,500 0.611 $47,498 $8,290 Western Dovetail B106A 14,850 13,500 0.909 $28,499 $4,974 Wines Central 627 391,950 185,400 0.473 $391,379 $68,307 XKT 382/388/390/etc 487,680 170,800 0.350 $360,559 $62,928 XKT Berth 20/Laydown 110,600 0 0.000 $50,500 $8,814

TOTAL 5,965,872 1,822,515 $4,419,402 $771,313

Goodwin Consulting Group, Inc. 09/21/2005 TABLE 2

MARE ISLAND COMMUNITY FACILITIES DISTRICT NO. 2002-1 TAXABLE PUBLIC PROPERTY

MAXIMUM FY 2005-06 SPECIAL TAX LEVY AND ACTUAL LEVY FOR JULY 2005

Leased Leased Floor Area FY 2005-06 Actual July 2005 Tenant Premises Land SqFt Bldg SqFt Ratio Special Tax Levy Special Tax Levy City of Vallejo Mktg Center 25,500 3,400 0.133 $11,643 $2,032 City of Vallejo Corp. Yard 104,000 21,040 0.202 $47,487 $8,288 City of Vallejo Ferry Service 52,000 5,717 0.110 $23,743 $4,144 City of Vallejo Bldg 127 27,040 16,900 0.625 $35,676 $6,226 City of Vallejo Berth 3 6,000 0 0.000 $2,740 $478 City of Vallejo Bldg 165 19,120 15,550 0.813 $32,826 $5,729 City of Vallejo Bldg 115 24,700 8,750 0.354 $18,471 $3,224 City of Vallejo Alden Park 187,500 0 0.000 $85,613 $14,942 City of Vallejo 104 (Chapel) 110,496 3,218 0.029 $50,453 $8,805 MI Historic Pk Bldg 46 61,600 51,270 0.832 $108,231 $18,889 MI Historic Pk 215 31,020 25,850 0.833 $54,569 $9,524 MI Historic Pk Qtrs A 88,725 12,020 0.135 $40,512 $7,071 MI Historic Pk Qtrs B 43,080 7,842 0.182 $19,671 $3,433 Veterans Admin Portion 112 0 2,319 0.000 $4,895 $854 780,781 173,876 $536,531 $93,640

Goodwin Consulting Group, Inc. 09/10/2005

APPENDIX B

City of Vallejo Community Facilities District No. 2002-1

Fiscal Year 2005-06 Direct Tax Levy Summary (January Levy Only)

CITY OF VALLEJO COMMUNITY FACILITIES DISTRICT NO. 2002-1 (MARE ISLAND MUNICIPAL SERVICES) FISCAL YEAR 2005-06 LEVY (JANUARY LEVY ONLY)

Assumptions

Maximum Annual Special Tax Fiscal Year 2005-06 per acre per bldg sf Non-Residential Property, greater of: $19,890 $2.111 Taxable Public Property, greater of: $19,890 $2.111 Unused Property $9,944 N/A Golf Course Property $1,988 N/A Residential Property per unit # of proposed units # of actual units Revenue SFD Units > 3,000 sqft $2,295 99 0 $0 SFD Units 2,601-3,000 sqft $2,138 98 35 $74,823 SFD Units 2,301-2,600 sqft $1,921 92 38 $73,010 SFD Units 2,001-2,300 sqft $1,732 97 40 $69,276 SFD Units 1,700-2,000 sqft $1,597 164 0 $0 SFD Units < 1,700 sqft $1,488 214 0 $0 Single Family Attached Units $1,407 486 0 $0 Multi-Family Units $1,191 150 0 $0 FY 2005-06 Residential Revenue: $217,109 Acreage Breakdown: Lennar (including leased acreage and TPP) 394.42 Lennar (excluding leased acreage and TPP) 241.35 City of Vallejo (formerly Legacy property) 80.76 Subsequent Owner of Farragut Village Unit #3 14.18 Subsequent Owner of Farragut Village Unit #4 Lots 1-3, 18-35, and 55-59 3.09 Subsequent Owner of Subdivision 6C Lots 5-8 1.58

One-Half of FY 2005-06 Net Services Budget (for January levy) $1,806,057 less: Revenues From Residential Property Enrolled on Property Tax Bills for FY 2005-06 ($108,554) less: Reduction per Section 8 of Settlement Agreement $0 [4] less: Revenues from Non-Residential and Undeveloped Property Placed on Tax Roll ($243,936) Net Amount to be Collected From Property Other Than Those on Roll $1,453,567

Maximum Revenues that Could be Collected Non-Residential Property (Lennar leases) $4,420,934 Taxable Public Property $536,531 Lennar, Unused Acreage $2,400,046 City of Vallejo (formerly Legacy), Unused Acreage $803,102 Subsequent Owner of Farragut Village Unit #3 $140,980 Subsequent Owner of Farragut Village Unit #4 Lots 1-3, 18-35, and 55-59 $30,728 Subsequent Owner of Subdivision 6C Lots 5-8 $15,742 Total Maximum Revenues Available $8,348,063 Actual Revenue Needed for January 2006 Direct Levy $1,453,567 Percent of Total Revenues Needed for January 2006 Levy 17.41%

Actual Revenues to be Collected % of Total Per-Acre Levy Per-SqFt Levy Non-Residential Property (Lennar leases) $769,774 52.96% $3,463 $0.37 Taxable Public Property $93,421 6.43% $3,463 $0.37 Lennar, Unused Acreage $417,897 28.75% $1,732 N/A City of Vallejo (formerly Legacy), Unused Acreage $139,836 9.62% $1,732 N/A Subsequent Owner of Farragut Village Unit #3 [5] $24,548 1.69% $1,732 N/A Subsequent Owner of Farragut Village Unit #4 $5,350 0.37% $1,732 N/A Subsequent Owner of Subdivision 6C Lots 5-8 $2,741 0.19% $1,732 N/A Total Special Tax Levy, January 2006 $1,453,567 100.00%

Goodwin Consulting Group, Inc. 02/03/2006 TABLE 1 MARE ISLAND COMMUNITY FACILITIES DISTRICT NO. 2002-1 SUMMARY OF CURRENT LEASES ON LENNAR PROPERTY (NOT INCLUDING TAXABLE PUBLIC PROPERTY)

MAXIMUM FY 2005-06 SPECIAL TAX LEVY AND ACTUAL LEVY FOR JANUARY 2006

Leased Leased Floor Area FY 2005-06 Actual January 2006 Tenant Premises Land SqFt Bldg SqFt Ratio Max. Special Tax Tax Levy

American Trash Mgt Bldg 120 10,750 1,900 0.177 $4,908 $855 Architectural Metals 672 21,200 9,000 0.425 $18,999 $3,308 Babcock 124 9,520 2,100 0.221 $4,433 $772 Battlebots 140 12,722 5,922 0.465 $12,501 $2,177 Battlebots 34 12,300 5,775 0.470 $12,191 $2,123 Berkeley Farms Yard Space 44,700 0 0.000 $20,410 $3,554 Bernard Bedeur B1329 0 1,920 0.000 $4,053 $706 Brooks Street Bldg 459 4,336 1,700 0.392 $3,589 $625 Carpenter Expansn 112 64,945 57,000 0.878 $120,327 $20,951 Carpenter 112 60,720 57,480 0.947 $121,340 $21,128 Cat Tech Portion 117 14,080 8,580 0.609 $18,112 $3,154 Cerberus Qtrs 17 and 17B 15,695 1,268 0.081 $7,166 $1,248 CH2M Hill Bldg 459 8,418 2,681 0.318 $5,660 $985 Chaudhary Bldg 459 5,923 1,886 0.318 $3,981 $693 Cingular Wireless 483 Roof 0 600 0.000 $1,267 $221 Cooper Crane 684 and Laydown 70,046 1,555 0.022 $31,983 $5,569 Cooper Crane DD4 Laydown 40,000 0 0.000 $18,264 $3,180 Cooper Crane Bldg 112 6,291 3,291 0.523 $6,947 $1,210 Cooper Crane Berth 15 58,237 0 0.000 $26,591 $4,630 CS Marine Land 28,000 0 0.000 $12,785 $2,226 CS Marine Portion Berth 19 110,513 0 0.000 $50,461 $8,786 Curtis Coleman Bldg 118 36,800 22,500 0.611 $47,498 $8,270 Department of Trans. Bldg 459 26,635 7,915 0.297 $16,709 $2,909 Desal LLC Pier 21 300 0 0.000 $137 $24 DL Equipment Portion 117 0 1,609 0.000 $3,397 $591 East Bay Erectors B152 25,800 5,751 0.223 $12,140 $2,114 Engeo Bldg 744 5,226 1,005 0.192 $2,386 $415 Engeo Bldg 459 7,417 3,560 0.480 $7,515 $1,309 Esco Marine Berth 12 30,000 0 0.000 $13,698 $2,385 Expertees Bldg 58 17,344 7,344 0.423 $15,503 $2,699 F & M Fabrications 457 13,500 4,950 0.367 $10,449 $1,819 Falcon's Court Qtrs E 38,518 9,543 0.248 $20,145 $3,508 Falcon Truck School Laydown 15,000 0 0.000 $6,849 $1,193 Finishing Technology 670 25,840 8,804 0.341 $18,585 $3,236 Gary Morris Qtrs. R 24,075 2,447 0.102 $10,993 $1,914 Globalcrete Bldg 559 51,667 21,520 0.417 $45,429 $7,910 Granberg Bldg 289 42,075 9,000 0.214 $19,212 $3,345 Greystone Homes Bldg 112 0 762 0.000 $1,609 $280 Gridley's Ferry Boats Berth 8 11,250 0 0.000 $5,137 $894 Hal Pierce Electric Portion B117 0 4,865 0.000 $10,270 $1,788 TABLE 1 MARE ISLAND COMMUNITY FACILITIES DISTRICT NO. 2002-1 SUMMARY OF CURRENT LEASES ON LENNAR PROPERTY (NOT INCLUDING TAXABLE PUBLIC PROPERTY)

MAXIMUM FY 2005-06 SPECIAL TAX LEVY AND ACTUAL LEVY FOR JANUARY 2006

Leased Leased Floor Area FY 2005-06 Actual January 2006 Tenant Premises Land SqFt Bldg SqFt Ratio Max. Special Tax Tax Levy Home Depot portion of 112 14,506 6,506 0.449 $13,734 $2,391 Hot Water, Inc. Portion of B117 0 1,300 0.000 $2,744 $478 Huppe Landscape B117S 3,176 1,024 0.322 $2,162 $376 Island Energy Qtrs P 18,700 3,414 0.183 $8,539 $1,487 Jeffco 678 155,000 107,599 0.694 $227,141 $39,550 Jeffco 750/688 183,715 75,300 0.410 $158,958 $27,678 Jeffco 738/874/931/1332 87,676 23,625 0.269 $49,872 $8,684 Jeffco S. of McDonalds 118,460 0 0.000 $54,089 $9,418 Jerry Carter B132 0 3,700 0.000 $7,811 $1,360 JR Mortgage Qtrs 29 9,610 1,671 0.174 $4,388 $764 Kiewit Pacific Berth 2 & 5 24,000 0 0.000 $10,959 $1,908 Kiewit Pacific Berth 16 & 17 90,130 0 0.000 $41,154 $7,166 Klamath Boat B207 24,036 51,636 2.148 $109,004 $18,980 Latham 98/507 156,014 42,119 0.270 $88,913 $15,482 Lennar Homes Qtrs 411 & 420 37,000 4,194 0.113 $16,894 $2,942 Lennar Homes Qtrs 19 15,330 1,400 0.091 $7,000 $1,219 Lennar Homes Qtrs O 46,356 8,365 0.180 $21,166 $3,685 Lennar Mare Island Bldg 459 23,837 7,194 0.302 $15,187 $2,644 Level Marine WA-6 0 2,376 0.000 $5,016 $873 Lords Fellowship 733/737 58,172 21,477 0.369 $45,338 $7,894 Mactec Bldg 459 17,588 5,599 0.318 $11,819 $2,058 McCovey's Portion 117 0 9,256 0.000 $19,539 $3,402 Miam 141 & 155 15,939 12,879 0.808 $27,188 $4,734 Michael Boyle B523 84,814 61,586 0.726 $130,008 $22,637 Michael Learn Portion 117 0 1,620 0.000 $3,420 $595 Minuteman Press B-760 20,250 3,180 0.157 $9,246 $1,610 Nextel 483 Roof 0 600 n/a $1,267 $221 North America Title Portion Qtrs O 0 750 0.000 $1,583 $276 North Pacific B459 13,509 4,300 0.318 $9,077 $1,581 North Pacific B100/373/Yard 296,896 51,492 0.173 $135,564 $23,604 North Pacific Laydown 54,140 0 0.000 $24,721 $4,304 Packaging Arts Qtrs K 66,600 8,783 0.132 $30,410 $5,295 Pamala Norman Bldg 112 0 1,523 0.000 $3,215 $560 Praxis Associates B126 0 6,000 0.000 $12,666 $2,205 Red Barn Productions Bldg 145 11,530 6,834 0.593 $14,427 $2,512 Roofing Supp;y Group Bldg 223 47,400 18,000 0.380 $37,998 $6,616 Rose, Tim 153 12,312 8,230 0.668 $17,374 $3,025 Scott Scherer Bldg 757 9,280 6,375 0.687 $13,458 $2,343 Shining Star Qtrs F & S 32,700 6,271 0.192 $14,931 $2,600 Stairbuilders Portion B1328 0 1,200 0.000 $2,533 $441 Storage Mobility Portion B126 45,645 40,145 0.880 $84,746 $14,756 TABLE 1 MARE ISLAND COMMUNITY FACILITIES DISTRICT NO. 2002-1 SUMMARY OF CURRENT LEASES ON LENNAR PROPERTY (NOT INCLUDING TAXABLE PUBLIC PROPERTY)

MAXIMUM FY 2005-06 SPECIAL TAX LEVY AND ACTUAL LEVY FOR JANUARY 2006

Leased Leased Floor Area FY 2005-06 Actual January 2006 Tenant Premises Land SqFt Bldg SqFt Ratio Max. Special Tax Tax Levy Supreme Truck 853 34,398 8,540 0.248 $18,028 $3,139 Syar Industry Berth 18 71,645 0 0.000 $32,713 $5,696 Tanglefoot Portion B126 44,400 36,220 0.816 $76,460 $13,313 Tony Peninsi 1326 19,094 5,000 0.262 $10,555 $1,838 Touro Campus. PH I 928,965 191,193 0.206 $424,170 $73,857 Touro Campus. PH II 458,596 92,359 0.201 $209,397 $36,460 Touro Campus. PH III 492,560 217,625 0.442 $459,406 $79,992 US Army Corp of Eng. Berth 9 31,300 0 0.000 $14,292 $2,488 Vallejo Floor Portion 117 0 10,908 0.000 $23,027 $4,009 Walsh Construction Blidg 112 0 2,635 0.000 $5,562 $969 Western Dovetail Bldg 118 36,800 22,500 0.611 $47,498 $8,270 Western Dovetail B106A 14,850 13,500 0.909 $28,499 $4,962 Wines Central 627 391,950 185,400 0.473 $391,379 $68,147 XKT 382/388/390/etc 487,680 170,800 0.350 $360,559 $62,781 XKT Berth 20/Laydown 110,600 0 0.000 $50,500 $8,793

TOTAL 5,887,002 1,848,436 $4,420,934 $769,774

Goodwin Consulting Group, Inc. 01/06/2006 TABLE 2

MARE ISLAND COMMUNITY FACILITIES DISTRICT NO. 2002-1 TAXABLE PUBLIC PROPERTY

MAXIMUM FY 2005-06 SPECIAL TAX LEVY AND ACTUAL LEVY FOR JANUARY 2006

Leased Leased Floor Area FY 2005-06 Actual January 2006 Tenant Premises Land SqFt Bldg SqFt Ratio Max. Special Tax Special Tax Levy City of Vallejo Mktg Center 25,500 3,400 0.133 $11,643 $2,027 City of Vallejo Corp. Yard 104,000 21,040 0.202 $47,487 $8,268 City of Vallejo Ferry Service 52,000 5,717 0.110 $23,743 $4,134 City of Vallejo Bldg 127 27,040 16,900 0.625 $35,676 $6,212 City of Vallejo Berth 3 6,000 0 0.000 $2,740 $477 City of Vallejo Bldg 165 19,120 15,550 0.813 $32,826 $5,716 City of Vallejo Bldg 115 24,700 8,750 0.354 $18,471 $3,216 City of Vallejo Alden Park 187,500 0 0.000 $85,613 $14,907 City of Vallejo 104 (Chapel) 110,496 3,218 0.029 $50,453 $8,785 MI Historic Pk Bldg 46 61,600 51,270 0.832 $108,231 $18,845 MI Historic Pk 215 31,020 25,850 0.833 $54,569 $9,502 MI Historic Pk Qtrs A 88,725 12,020 0.135 $40,512 $7,054 MI Historic Pk Qtrs B 43,080 7,842 0.182 $19,671 $3,425 Veterans Admin Portion 112 0 2,319 0.000 $4,895 $852 780,781 173,876 $536,531 $93,421

Goodwin Consulting Group, Inc. 02/03/2006

APPENDIX C

City of Vallejo Community Facilities District No. 2002-1

Fiscal Year 2005-06 Special Tax Levy for Properties Placed on Tax Roll

City of Vallejo Community Facilities District No. 2002-1 (Mare Island Services) Special Tax Levy for Fiscal Year 2005-06

Taxable Special A.P.N. Acreage/S.F Tax

66 020 08 229,500 sf $169,109.44 66 020 09 121,066 sf $89,208.73 66 020 10 15.04 ac. $104,417.38 66 040 01 170.26 ac. $118,173.44 66 061 01 0.20 ac. $693.35 66 061 02 0.20 ac. $692.95 66 061 03 2,803 sf $2,137.80 66 061 04 2,878 sf $2,137.80 66 061 05 2,599 sf $1,921.32 66 061 06 0.18 ac. $617.25 66 061 07 0.18 ac. $613.98 66 061 08 0.19 ac. $663.79 66 061 09 0.20 ac. $685.62 66 061 10 0.15 ac. $517.72 66 061 11 2,599 sf $1,921.32 66 061 12 2,803 sf $2,137.80 66 061 13 2,878 sf $2,137.80 66 061 14 2,599 sf $1,921.32 66 061 15 2,803 sf $2,137.80 66 061 16 2,878 sf $2,137.80 66 061 17 2,599 sf $1,921.32 66 061 18 2,803 sf $2,137.80 66 061 19 2,878 sf $2,137.80 66 061 20 2,599 sf $1,921.32 66 061 23 2,878 sf $2,137.80 66 061 24 2,803 sf $2,137.80 66 061 25 2,878 sf $2,137.80 66 062 01 2,878 sf $2,137.80 66 062 02 2,878 sf $2,137.80 66 062 03 2,803 sf $2,137.80 66 062 04 2,240 sf $1,731.89 66 062 05 2,599 sf $1,921.32 66 063 01 2,039 sf $1,731.89 66 063 02 2,240 sf $1,731.89 66 063 03 2,496 sf $1,921.32 66 063 04 2,240 sf $1,731.89 66 063 05 2,496 sf $1,921.32 66 063 06 2,039 sf $1,731.89 66 063 07 2,240 sf $1,731.89 66 063 08 2,039 sf $1,731.89 66 063 09 2,240 sf $1,731.89 66 063 10 2,496 sf $1,921.32

Page 1 of 4 City of Vallejo Community Facilities District No. 2002-1 (Mare Island Services) Special Tax Levy for Fiscal Year 2005-06

Taxable Special A.P.N. Acreage/S.F Tax

66 063 11 2,039 sf $1,731.89 66 064 01 2,039 sf $1,731.89 66 064 02 2,496 sf $1,921.32 66 064 03 2,240 sf $1,731.89 66 064 04 2,496 sf $1,921.32 66 064 05 2,240 sf $1,731.89 66 064 06 2,039 sf $1,731.89 66 064 07 2,240 sf $1,731.89 66 065 01 0.12 ac. $422.66 66 065 02 2,240 sf $1,731.89 66 065 03 2,039 sf $1,731.89 66 065 04 2,496 sf $1,921.32 66 065 05 0.12 ac. $432.62 66 065 06 0.12 ac. $431.82 66 065 07 0.13 ac. $436.92 66 071 01 2599.00 sf $1,921.32 66 071 02 2,878 sf $2,137.80 66 071 03 2,803 sf $2,137.80 66 071 04 2,878 sf $2,137.80 66 071 05 2,599 sf $1,921.32 66 071 06 2,803 sf $2,137.80 66 071 08 2,803 sf $2,137.80 66 072 01 2,496 sf $1,921.32 66 072 02 2,240 sf $1,731.89 66 072 03 2,039 sf $1,731.89 66 072 04 2,496 sf $1,921.32 66 072 05 2,878 sf $2,137.80 66 072 06 2,599 sf $1,921.32 66 072 07 2,803 sf $2,137.80 66 072 08 2,803 sf $2,137.80 66 073 01 2,878 sf $2,137.80 66 073 02 2,803 sf $2,137.80 66 073 03 2,599 sf $1,921.32 66 073 04 2,878 sf $2,137.80 66 073 05 2,803 sf $2,137.80 66 073 06 2,599 sf $1,921.32 66 073 07 2,878 sf $2,137.80 66 073 08 2,803 sf $2,137.80 66 073 09 2,599 sf $1,921.32 66 073 10 2,878 sf $2,137.80 66 073 11 2,803 sf $2,137.80 66 073 12 2,599 sf $1,921.32

Page 2 of 4 City of Vallejo Community Facilities District No. 2002-1 (Mare Island Services) Special Tax Levy for Fiscal Year 2005-06

Taxable Special A.P.N. Acreage/S.F Tax

66 074 01 2,039 sf $1,731.89 66 074 02 2,240 sf $1,731.89 66 074 03 2,469 sf $1,921.32 66 074 04 2,240 sf $1,731.89 66 074 05 2,039 sf $1,731.89 66 074 06 2,240 sf $1,731.89 66 074 07 0.10 ac. $351.74 66 074 08 2,496 sf $1,921.32 66 074 09 2,240 sf $1,731.89 66 074 10 2,039 sf $1,731.89 66 074 11 2,496 sf $1,921.32 66 074 12 2,240 sf $1,731.89 66 074 13 2,496 sf $1,921.32 66 075 01 2,240 sf $1,731.89 66 075 02 2,469 sf $1,921.32 66 075 03 2,039 sf $1,731.89 66 075 04 2,039 sf $1,731.89 66 075 05 2,496 sf $1,921.32 66 075 06 2,240 sf $1,731.89 66 075 07 2,496 sf $1,921.32 66 076 01 2,496 sf $1,921.32 66 076 02 2,240 sf $1,731.89 66 076 03 2,039 sf $1,731.89 66 076 04 2,496 sf $1,921.32 66 076 05 2,240 sf $1,731.89 66 077 01 2,039 sf $1,731.89 66 077 02 2,496 sf $1,921.32 66 077 03 2,039 sf $1,731.89 66 077 04 2,240 sf $1,731.89 66 077 05 2,039 sf $1,731.89 66 077 06 2,039 sf $1,731.89 66 077 07 2,496 sf $1,921.32 66 077 08 2,240 sf $1,731.89 66 077 09 2,496 sf $1,921.32 66 077 10 2,039 sf $1,731.89 66 077 11 2,496 sf $1,921.32 66 078 01 2,599 sf $1,921.32 66 078 02 2,878 sf $2,137.80 66 078 03 2,803 sf $2,137.80 66 078 04 2,599 sf $1,921.32 66 078 05 0.12 ac. $402.02 66 078 06 2,803 sf $2,137.80

Page 3 of 4 City of Vallejo Community Facilities District No. 2002-1 (Mare Island Services) Special Tax Levy for Fiscal Year 2005-06

Taxable Special A.P.N. Acreage/S.F Tax

66 078 07 2,599 sf $1,921.32 66 078 08 2,878 sf $2,137.80 66 078 09 2,803 sf $2,137.80 66 078 10 2,599 sf $1,921.32

Total: $704,980.17

Goodwin Consulting Group, Inc. 08/05/2005

Page 4 of 4

APPENDIX D

City of Vallejo Community Facilities District No. 2002-1

Fiscal Year 2005-06 Services Budget and Estimated Revenues

City of Vallejo Community Facilities District No. 2002-1 (Mare Island Services) Services Budget for Fiscal Year 2005-06

Proposed 2005-06 Description Budget

Police Services $630,500

Fire Protection $2,149,800

Security $181,000

Community Facilities Building Maintenance $17,000

Bridge Operation/Maintenance $501,200

Roads $324,900

Grounds Maintenance $103,400

Water System $619,800

Sanitary Sewer System $175,000

Storm Drain System $25,000

Animal Control Services $49,000

Water Service $1,500

Sewer Service $300

Electrical/Natural Gas Service $20,000

CFD Administration (Consultant/Legal Services) $30,000

CFD Assessment $36,500

Contingency $141,000

ESCA Deductible $50,000

Total $5,055,900

Source: City of Vallejo 06/15/2005 City of Vallejo Community Facilities District No. 2002-1 (Mare Island Services) Projected Revenues for Fiscal Year 2005-06

FY 2005-06 Revenue Description Estimate

Property Taxes $30,000

Sales Tax (quarterly) $40,000

Franchise Tax $10,000

UUT - Gas/Electric $120,000

UUT - Telephone $80,000

Property Transfer Tax $28,786

Business License $50,000

Water Revenues $25,000

Sewer Revenues none

Storm Drain Revenues none

CFD Levy to be determined

Total $383,786

Source: City of Vallejo 06/15/2005

APPENDIX E

City of Vallejo Community Facilities District No. 2002-1

Boundary Map of Community Facilities District No. 2002-1