REPORT OF SPECIAL TAX LEVY FOR THE CITY OF LAKE ELSINORE. CITY OF LAKE ELSINORE CFD NO (West Lake Elsinore Public Improvements)

REPORT OF SPECIAL TAX LEVY FOR THE CITY OF LAKE ELSINORE CITY OF LAKE ELSINORE CFD NO. 88-3 (West Lake Elsinore Public Improvements) Fiscal Year 2002-03 Submitted to: City of Lake Elsinore Riverside County, California Submitted by: September 2002

CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 88-3 (West Lake Elsinore Public Improvements) TABLE OF CONTENTS Introduction...1 I. Facilities Financed by the District...1 II. Rate and Method of Apportionment...1 III. Special Tax Levy...2 IV. Special Tax Roll...4 APPENDIX Exhibit A Exhibit B Exhibit C Exhibit D Boundary Map Rate and Method of Apportionment Debt Service Schedules Special Tax Roll

City of Lake Elsinore September 2002 Community Facilities District No. 88-3 Page 1 INTRODUCTION The City Council of the City of Lake Elsinore established Community Facilities District No. 88-3 (West Lake Elsinore Public Improvements) for the purpose of financing the purchase, construction, expansion or rehabilitation of certain public improvements needed to meet increased demand upon the City of Lake Elsinore as a result of development within the boundaries of Community Facilities District No. 88-3. A map showing the boundaries of CFD No. 88-3 is included in the Appendix of this report as Exhibit A. In compliance with the proceedings governing the formation of CFD No. 88-3, the special tax has been levied on each assessable parcel within the District according to the provisions of the Rate and Method of Apportionment as shown in the Appendix of this report in Exhibit B. The special tax has been levied on all undeveloped and developed property within CFD No. 88-3, except those exempted by law or excepted by the provisions set forth in the Rate and Method of Apportionment for the District. I. FACILITIES FINANCED BY THE DISTRICT The public facilities financed by CFD No. 88-3 are described in detail in the Community Facilities District Report (CFD Report) for CFD No. 88-3 and include the grading and construction of streets, curbs, gutters, sidewalks, street lighting, storm drainage, water, sewer and utility improvements (both on and off-site) to serve the area within the boundaries of CFD No. 88-3, together with appurtenances and appurtenant work. Also included are fire station and park facilities as required by the City. A cost estimate for the public facilities financed by CFD No. 88-3 is also included in the CFD Report for the District. II. RATE AND METHOD OF APPORTIONMENT The Rate and Method of Apportionment for CFD No. 88-3 establishes specific land use categories for the apportionment of Special Taxes which are collected annually, in the same manner and at the same time as ordinary ad valorem property taxes. On July 1, all Taxable Property within the boundaries of CFD No. 88-3 was categorized either as Developed Property, Approved Undeveloped Property or Raw Undeveloped Property. The parcel classifications for Fiscal Year 2002-03 are summarized in Table 1. TABLE 1 PARCEL DISTRIBUTION BY CATEGORY Total Parcels Total Parcels % Change from Special Tax Classification Developed Property FY 2001-02 1,195 FY 2002-03 1,329 FY 2001-02 11.2% Approved Undeveloped Property 117 125 6.8% Raw Undeveloped Property 11 8-27.3% Exempt Property 26 29 11.5% Total Parcels 1,349 1,491 10.5% i:\projects\lake elsinore\cfd pdf files\0203 cfd 88-3.doc

City of Lake Elsinore September 2002 Community Facilities District No. 88-3 Page 2 III. SPECIAL TAX LEVY FOR FISCAL YEAR 2002-03 The annual special taxes for Fiscal Year 2002-03 have been levied as provided in the Rate and Method of Apportionment of Special Taxes for each Land Use Class described below. Developed Property: Developed Property includes all Taxable Property within CFD No. 88-3 for which a foundation building permit has been issued. The Assigned Special Tax Rates levied for Fiscal Year 2002-03 have increased by 2% over the Assigned Special Tax Rates levied for the prior Fiscal Year. The Assigned Special Tax Rate and special tax levy for parcels classified as Developed Property for Fiscal Year 2002-03 are shown in Table 2. TABLE 2 SPECIAL TAX LEVY - DEVELOPED PROPERTY Land Use Square Assigned Special Tax Number Funds Class Description Footage Rate FY 2002-03 of Parcels Generated 1 Single Family Detached >2,800 $2,497.18 2 $4,994.36 2 Single Family Detached 2,300-2,799 $2,140.80 170 $363,936.00 3 Single Family Detached 1,700-2,299 $1,783.16 705 $1,257,127.80 4 Single Family Detached <1,700 $1,428.04 452 $645,474.08 5 Attached Homes N/A $1,142.69 0 $0.00 6 Commercial/Industrial N/A $10,497.24 0 $0.00 Total, Developed Property 1,329 $2,271,532.24 Approved Undeveloped Property: Approved Undeveloped Property includes all Taxable Property within CFD No. 88-3 not classified as Developed Property, for which a final tract map has been recorded. The Assigned Special Tax Rate and special tax levy for parcels classified as Approved Undeveloped Property for Fiscal Year 2002-03 are shown in Table 3. TABLE 3 SPECIAL TAX LEVY - APPROVED UNDEVELOPED PROPERTY Maximum Assigned Special Tax Lot Special Tax per per Acre Number Total Funds Size Acre FY 2002-03 FY 2002-03 of Parcels Acreage Generated < 20,000 sf $11,676.71 $1255.56/lot 125 22.79 $266,112.82 >= 20,000 sf $11,676.71 $0.00/acre 0 0.00 $0.00 Total, Approved Undeveloped 125 22.79 $266,112.82 The Maximum Assigned Special Tax Rate levied for Fiscal Year 2002-03 has increased by 2% over the rate for the prior Fiscal Year. i:\projects\lake elsinore\cfd pdf files\0203 cfd 88-3.doc

City of Lake Elsinore September 2002 Community Facilities District No. 88-3 Page 3 Raw Undeveloped Property: Raw Undeveloped Property includes all Taxable Property in CFD No. 88-3 not classified as Developed Property or Approved Undeveloped Property above. The Maximum Assigned Special Tax Rate and special tax levy for parcels classified as Raw Undeveloped Property for Fiscal Year 2002-03 are shown in Table 4. TABLE 4 SPECIAL TAX LEVY - RAW UNDEVELOPED PROPERTY Maximum Special Tax Rate per Special Tax Rate Total Funds Acre FY 2002-03 FY 2002-03 Acreage Generated Special Tax Area A $11,676.71 $11,676.71 9.13 $106,608.36 Special Tax Area B $2,984.18 $34.37 591.26 $20,323.48 Total, Raw Undeveloped Property 600.39 $126,931.84 A statement showing the Sources and Obligations of special tax funds for CFD No. 88-3 for Fiscal Year 2002-03 is presented in Table 5. The special tax requirement for Fiscal Year 2002-03 was determined as specified in the Rate and Method of Apportionment of Special Taxes. The debt service requirements for Fiscal Year 2002-03 have been taken from the Debt Service Schedules for the District which are included in the Appendix of this report as Exhibit C. TABLE 5 SOURCES AND OBLIGATIONS Fiscal Year Fiscal Year 2001-02 2002-03 SOURCES Amount Amount Annual Special Tax Roll Developed Property $1,979,400.34 $2,271,532.24 Approved Undeveloped Property $144,022.32 $266,112.82 Raw Undeveloped Property $525,888.52 $126,931.84 Subtotal $2,649,311.18 $2,664,576.90 Rounding of Uneven Assessments ($0.00) ($0.00) TOTAL SPECIAL TAXES FROM ALL SOURCES $2,649,311.18 $2,664,576.90 i:\projects\lake elsinore\cfd pdf files\0203 cfd 88-3.doc

City of Lake Elsinore September 2002 Community Facilities District No. 88-3 Page 4 OBLIGATIONS Bond Debt Service (Total) $2,606,310.00 $2,669,238.00 Allocation for Delinquencies, Administration and Incidentals $43,000.00 $0.00 $2,649,310.00 $2,669,238.00 Surplus/Shortage to District $1.18 ($4,661.10) * TOTAL OBLIGATIONS FOR SPECIAL TAXES $2,649,311.18 $2,664,576.90 * After submitting the special taxes for FY 2002-03 to the County of Riverside for placement on property tax bills, two parcels that were being assessed as approved undeveloped properties were rejected by the County. After reviewing the parcels, it was determined that they are non-taxable as they are now owned by a public agency which is using the parcels as detention basins. IV. SPECIAL TAX ROLL The Special Tax Roll lists the special tax levy on each parcel within the boundaries of CFD No. 88-3 for Fiscal Year 2002-03. A copy of the Special Tax Roll is included in the Appendix of this report as Exhibit D. i:\projects\lake elsinore\cfd pdf files\0203 cfd 88-3.doc

EXHIBIT A Boundary Map

EXHIBIT B Rate and Method of Apportionment

EXHIBIT B RATE AND METHOD OF APPORTIONMENT FOR PROPOSED COMMUNITY FACILITIES DISTRICT NO. 88-3 OF THE CITY OF LAKE ELSINORE (WEST LAKE ELSINORE) A Special Tax (the "Special Tax") shall be levied on and collected from each parcel in Special Tax Area A and Special Tax Area B of Community Facilities District No. 88-3 in each Fiscal Year, commencing July 1, 1990, in an amount determined by the City Council of the City of Lake Elsinore through the application of the appropriate Special Tax for "Developed Property" and "Undeveloped Property" as described below. All of the property in CFD No. 88-3, unless exempted by law or by the provisions hereof, shall be taxed for the purposes, to the extent and in the manner herein provided. A. Definitions. The terms hereinafter set forth have the following meanings: "Act" means the Mello-Roos Community Facilities Act of 1962, being Chapter 2.5, Division 2 of Title 5 of the Government Code of the State of California. "Approved Undeveloped Property" means all Taxable Property in CFD No. 88-3 as of July 1 of any year not classified as Developed Property, for which a final tract map has been recorded as of March 1 of the previous Fiscal Year. "Assigned Special Tax" means the Special Tax f or each Land Use Class, as determined by reference to Table I and Table II of Section C below. "Base Maximum Special Tax" means an amount equal to $0.19 per square foot of Parcel applicable to each parcel of Developed, Approved Undeveloped and Raw Undeveloped Property within Special Tax Area A in Fiscal Year 1990-91, and an amount equal to $0.05 per square foot of Parcel applicable to each parcel of Developed, Approved Undeveloped and Raw Undeveloped Property within Special Tax Area B in Fiscal Year 1990-91. "City" means the City of Lake Elsinore. "Council" means the City Council of the City of Lake Elsinore. "Developed Property" means all Taxable Property in CFD No. 88-3 as of July 1 of any year for which a foundation building permit has been issued as of March 1 of the previous Fiscal Year. "Facilities" means any improvements or facilities designated by the Council with an estimated useful life of five years or longer which are eligible for financing under the provisions of the Act. "Fiscal Year" means the period starting July 1 and ending the following June 30. "Land Use Class" means any of the categories listed in Table I or Table II in Section C below to which a parcel is assigned consistent with the provisions hereof. 12/18/89

Page 2 "Maximum Assigned Special Tax" for Approved Undeveloped Property and Raw Undeveloped Property in Fiscal Year 1990-91 means an amount equal to $9,207 per acre in Special Tax Area A and $2,353 per acre in Special Tax Area B. "Maximum Special Tax" means the maximum Special Tax, determined in accordance with Section C, that can be levied by the council in any Fiscal Year for each class of Developed Property and for Approved and Raw Undeveloped Property, as applicable. "Raw Undeveloped Property" means all Taxable Property in CFD No. 88-3 not classified as Developed Property or Approved Undeveloped Property. "Special Tax" means the Special Tax for each Land Use Class, determined in accordance with Section C below, that can be levied by the Council in any Fiscal Year. "Special Tax Requirement" means the amount, to be determined annually by the Council, necessary to pay the authorized costs and expenses of CFD No. 88-3 including those necessary to administer, the bonds, collect and administer the Special Taxes, and administer CFD No. 88-3 (which total administrative amount shall be separately stated by the Council in each levy), to pay current debt service on the bonds, to accumulate funds for future debt service (but only in years in which no revenues are collected from Undeveloped Property), to pay amounts delinquent on the bonds (or to become delinquent based upon past Special Tax delinquencies), to replenish the reserve fund to its proper level (including payments to be made from the reserve fund based upon past Special Tax delinquencies), to compensate for anticipated Special Tax delinquencies (based upon past delinquency experience), to pay directly for Facilities or to accumulate funds for that purpose, and to pay for all authorized services. "Taxable Property" means all of the Parcels within the boundaries of CFD No. 88-3 which are not exempt from the Special Tax pursuant to law or Section E below. B. Assignment to Land Use Categories. On July 1 of each year, all Taxable Property within CFD No. 88-3 shall be categorized either as Developed Property, Approved Undeveloped Property or Raw Undeveloped Property, and shall be subject to tax in accordance with the rate and method of apportionment determined pursuant to Sections C and D below. For purposes of determining the applicable Maximum Special Tax pursuant to Section C and depending on its location in Special Tax Area A or B, Developed Property shall be assigned to one of the classes designated in Table I or Table II below. Single Family Detached Residential Developed Property shall be assigned to Classes 1 through 4 based on the square footage of the dwelling unit, exclusive of garages or other structures not used as living space, to be constructed on an Parcel as set forth in the original building permit issued for such property. Attached Residential Developed Property shall be assigned to Class 5. Commercial/Industrial Developed Properties shall be assigned to Class 6. The square footage of a Commercial/Industrial building shall be computed from the gross square footage for the building(s) as reflected in the building plans upon which the building permit(s) for such parcel was issued. The acreage of a Commercial/Industrial parcel shall be determined by reference to the then current Parcel Map and, if appropriate, to the most current parcel map or other subdivision tract map recorded with the office of the Recorder for Riverside County.

Page 3 C. Maximum Special Tax Rate 1. Developed Property The Maximum special Tax for an Parcel classified as Developed Property in Classes 1 through 6 shall be the greater of (i) the amount derived by multiplying the square footage of such Parcel times the Base Maximum Special Tax or (ii) the Assigned Special Tax determined by reference to Table I or Table II below. For purposes of this Section C, the acreage or square footage of an parcel shall be determined by reference to the then current Parcel Map and, if appropriate, to the most current parcel map or other subdivision tract map recorded with the office of the Recorder for Riverside County. Notwithstanding the above, for Attached Residential Developed Property, a portion of the acreage in a recorded tract map shall be taxed as Undeveloped Property if building permits for one or more, but not all, of the units in the approved condominium or site plan for that map have been issued. The acreage in a recorded tract map to be taxed as Undeveloped Property shall equal the proportion of the associated condominium or site plan's approved units for which building permits have not been issued, multiplied by the total acreage within that tract map. Notwithstanding Section E below, for purposes of computing the Base Maximum Special Tax for each dwelling unit located on parcels of Attached Residential Developed Property that are owned by a homeowner's or property owner's association, the square footage of the entire Parcel shall be included to determine the Base Maximum Special Tax. In making the computations set forth in this Section C (1) and in determining the Maximum Special Tax which may be levied in any Fiscal Year, on July 1, 1991 and on each July 1 thereafter, the Base Maximum Special Tax and the Assigned Special Tax for each class set forth in Table I and Table II shall be increased by an amount equal to 2.0% of the amount in effect for the previous Fiscal Year. TABLE I ASSIGNED SPECIAL TAXES ON DEVELOPED PROPERTY IN SPECIAL TAX AREA A OF COMMUNITY FACILITIES DISTRICT NO. 88-3 (FISCAL YEAR 1990-91) PER UNIT (RESIDENTIAL) AND PER ACRE (COMMERCIAL/INDUSTRIAL) (ALL SPECIAL TAX AREA A PROPERTIES ARE IDENTIFIED ON ATTACHED MAP AND IN THE "NOTICE OF SPECIAL TAX LIEN" TO BE RECORDED IN CONJUNCTION WITH THIS DISTRICT) Land Use Density or Assigned Special Tax Class Description Square Footage (Fiscal Year 1990-91) 1 Single Family Detached 2,800 or more $ 1,969 per unit 2 Single Family Detached 2,300-2,799 SF $ 1,688 per unit 3 Single Family Detached 1,700-2,299 SF $ 1,406 per unit 4 Single Family Detached Less than 1,700 SF $ 1,126 per unit 5 Attached Homes Not Applicable $ 901 per unit 6 Commercial/Industrial Not Applicable $ 8,277 per acre

Page 4 The Maximum Special tax may exceed the Assigned Special Tax for some Assessor s Parcels within each class if the Base Maximum Special Tax alternative is used ($0.19 per square foot of Parcel). The Base Maximum Special Tax would be applied under the Fourth step of Section D (below) to lots larger than a certain size for each class of Single Family Detached Property. Single Family Detached lots, larger than the following minimum sizes, would be taxed at the Base Maximum Special Tax: Class 1: 10,363 Sq. Ft. Class 3: 7,400 Sq. Ft. Class 2: 8,884 Sq. Ft. Class 4: 5,926 Sq. Ft. The Base Maximum Special Tax would also apply to Class 5 if units are built at densities less than 9.18 units per acre and to all Class 6 parcels. TABLE II ASSIGNED SPECIAL TAXES ON DEVELOPED PROPERTY IN SPECIAL TAX AREA B OF COMMUNITY FACILITIES DISTRICT NO. 88-3 (FISCAL YEAR 1990-91) PER UNIT (RESIDENTIAL) AND PER ACRE (COMMERCIAL/INDUSTRIAL) (ALL SPECIAL TAX AREA B PROPERTIES ARE IDENTIFIED ON ATTACHED MAP AND IN THE "NOTICE OF SPECIAL TAX LIEN" TO BE RECORDED IN CONJUNCTION WITH THIS DISTRICT) Land Use Density or Assigned Special Tax Class Description Square Footage (Fiscal Year 1990-91) 1 Single Family Detached 2,800 or more $ 1,969 per unit 2 Single Family Detached 2,300-2,799 SF $ 1,688 per unit 3 Single Family Detached 1,700-2,299 SF $ 1,406 per unit 4 Single Family Detached Less than 1,700 SF $ 1,126 per unit 5 Attached Homes Not Applicable $ 901 per unit 6 Commercial/Industrial Not Applicable $ 2,178 per acre The Maximum Special Tax may exceed the Assigned Special Tax for some Parcels within each class if the Base Maximum Special Tax alternative is used ($0.05 per square foot of Parcel). The Base Maximum Special Tax would be applied under the Fourth step of Section D (below) to lots larger than a certain size for each class of Single Family Detached Property. Single Family Detached lots, larger than the following minimum sizes, would be taxed at the Base Maximum Special Tax: Class 1: 39,380 Sq. Ft. Class 3: 28,120 Sq. Ft. Class 2: 33,760 Sq. Ft. Class 4: 22,520 Sq. Ft. The Base Maximum Special Tax would also apply to Class 5 if units are built at densities less than 2.41 units per acre and to all Class 6 parcels.

Page 5 2. Undeveloped Property The Maximum Special Tax for an Parcel classified as Raw Undeveloped Property or Approved Undeveloped Property shall be the greater of (i) the amount derived by multiplying the square footage of such Parcel by the Base Maximum Special Tax (as applicable for each Special Tax Area) or (ii) the Maximum Assigned Special Tax Rate. The Assigned Special Tax for Approved Undeveloped Property shall be $990 per lot in both Special Tax Area A and Special Tax Area B except for recorded lots over 20,000 square feet, for which the Assigned Special Tax shall be $2,157 per acre. The Maximum Assigned Special Tax for Approved Undeveloped Property and Raw Undeveloped Property shall be $9,207 per acre in special Tax Area A and $2,353 per acre in Special Tax Area B. In making the computation set forth in Section C (2) and in determining the Assigned Special Tax for Approved Undeveloped Property and the Maximum Assigned Special Tax on Raw and Approved Undeveloped Property which may be levied in any Fiscal Year, on July 1, 1991 and on any July 1 thereafter, the Assigned Special Tax for Approved Undeveloped Property and the Maximum Assigned Special Tax for Raw and Approved Undeveloped Property shall be increased by an amount equal to 2.0% of the amount in effect for the previous Fiscal Year. D. Method of Apportionment of the Special Tax to Developed Property and Undeveloped Property. Starting in Fiscal Year 1990-91 and for each following Fiscal Year, the Council shall determine the amount of money to be collected from Taxable Property in CFD No. 88-3 in the Fiscal Year (the Special Tax Requirement). The Council shall levy the Special Tax as follows until the amount of the levy equals the Special Tax Requirement: First: The Special Tax shall be levied on each parcel of Developed Property, exclusive of property exempt from Special Taxes pursuant to Section E below, in equal percentages (up to 100%) of the Assigned Special Tax Rate for each class of Developed Property for such Fiscal Year determined by reference to Table I and Table II; Second: If additional monies are needed after the first step has been completed, the Special Tax shall be levied on each parcel of Approved Undeveloped Property, exclusive of Undeveloped Property exempted by law or by the provisions of Section E (below), in equal percentages (up to 100%) of the Assigned Special Tax; Third: If additional monies are needed after the first two steps have been completed, then the Special Tax shall be levied on each parcel of Raw Undeveloped Property in equal percentages (up to 100%) of the Maximum Assigned Special Tax for Raw Undeveloped Property, exclusive of Undeveloped Property exempted by law or by the provisions of Section E below, up to, for Special Tax Area A, 91.47% of the Special Tax Requirement (i.e. net of revenues collected in the first and second steps above) and, for Special Tax Area B, 8.53% of the Special Tax Requirement (i.e. net of revenues collected in the first and second steps above);

Page 6 Fourth: If additional monies are needed after the first three steps have been completed, the Special Tax shall be levied on each parcel of Approved Undeveloped Property, exclusive of Undeveloped Property exempted by law or by the provisions of Section E (below), in equal percentages (up to 100%) of the Maximum Assigned Special Tax for Approved Undeveloped Property; Fifth: If additional monies are needed after the first four steps have been completed, then the levy of the Special Tax on each parcel of Developed Property whose Maximum Special Tax is determined through the application of the Base Maximum Special Tax Rate shall be increased in equal percentages from the Assigned Special Tax Rate up to the Maximum Special Tax Rate for each such parcel for such Fiscal Year; Sixth: If additional monies are needed after the first five steps have been completed, then the Special Tax shall be levied proportionately on each parcel of Developed or Undeveloped Property owned by a Homeowners' Association which has not been exempted from the Special Tax pursuant to Section E, up to the Maximum Special Tax for Undeveloped Property; and Seventh: If additional monies are needed after the first six steps have been completed, then the Special Tax shall be levied proportionately on each parcel of Developed or Undeveloped Property conveyed or irrevocably offered to a public agency which has not been exempted from the Special Tax pursuant to Section E, up to the Maximum Special Tax for Undeveloped Property. E. Exemptions. 1. Special Tax Area A A Special Tax shall not be imposed on up to 156.50 acres of Undeveloped Property conveyed or irrevocably offered to a public agency or conveyed to a Homeowners' Association. The acres exceeding such total of 156.50 acres shall be taxed consistent with Developed or Undeveloped Property to the extent set forth in Steps Six and Seven of Section D above. Under no circumstances shall the Council impose a Special Tax on land which is a public right of way or which is an unmanned utility property utilized for the provision of services to the public or a property encumbered with public or utility easements making impractical its utilization for other than the purposes set forth in the easement. 2. Special Tax Area B A Special Tax shall not be imposed on up to 486 acres of Undeveloped Property conveyed or irrevocably offered to a public agency or conveyed to a Homeowners' Association. The acres exceeding such total of 486 acres shall be taxed consistent with Developed or Undeveloped Property to the extent set forth in Steps Six and Seven of Section D above. Under no circumstances shall the Council impose a Special Tax on land which is a public right of way or which is an unmanned utility property utilized for the provision of services to the public or a property encumbered with public or utility easements making impractical its utilization for other than the purposes set forth in the easement. F. Review/Appeal Committee. The Council shall establish as part of the proceedings and administration of CFD No. 88-3 a special three-member Review/Appeal Committee. Any landowner or resident who feels that the amount of the Special Tax, as to their parcel, is in error may file a notice with the Review/Appeal Committee appealing the amount of the Special Tax levied on such parcel. The Review/Appeal Committee shall

Page 7 interpret this Rate and Method of Apportionment of the Special Tax and make determinations relative to the annual administration of the Special Tax and any landowner or resident appeals, as herein specified. The decision of the Review/Appeal Committee shall be final and binding as to all persons. G. Manner of Collection. The special taxes for CFD No. 88-3 will be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 88-3 may collect Special Taxes at a different time or in a different manner if necessary to meet its financial obligations. In the event of a delinquency, CFD No. 88-3 will pursue foreclosure in a timely manner.

EXHIBIT C Debt Service Schedules

BOND DEBT SERVICE City of Lake Elsinore Community Facilities District No. 88-3 (West Lake Elsinore) 1997 Special Tax Bonds - Series A Period Annual Ending Principal Coupon Interest Debt Service Debt Service Aug 7, 1997 - - - - - Mar 1, 1998 - - 987,728.33 987,728.33 - Sep 1, 1998 - - 871,525.00 871,525.00 1,859,253.33 Mar 1, 1999 - - 871,525.00 871,525.00 - Sep 1, 1999 115,000.00 7.100% 871,525.00 986,525.00 1,858,050.00 Mar 1, 2000 - - 867,442.50 867,442.50 - Sep 1, 2000 185,000.00 7.100% 867,442.50 1,052,442.50 1,919,885.00 Mar 1, 2001 - - 860,875.00 860,875.00 - Sep 1, 2001 240,000.00 7.100% 860,875.00 1,100,875.00 1,961,750.00 Mar 1, 2002 - - 852,355.00 852,355.00 - Sep 1, 2002 305,000.00 7.100% 852,355.00 1,157,355.00 2,009,710.00 Mar 1, 2003 - - 841,527.50 841,527.50 - Sep 1, 2003 365,000.00 7.100% 841,527.50 1,206,527.50 2,048,055.00 Mar 1, 2004 - - 828,570.00 828,570.00 - Sep 1, 2004 425,000.00 7.100% 828,570.00 1,253,570.00 2,082,140.00 Mar 1, 2005 - - 813,482.50 813,482.50 - Sep 1, 2005 495,000.00 7.100% 813,482.50 1,308,482.50 2,121,965.00 Mar 1, 2006 - - 795,910.00 795,910.00 - Sep 1, 2006 570,000.00 7.100% 795,910.00 1,365,910.00 2,161,820.00 Mar 1, 2007 - - 775,675.00 775,675.00 - Sep 1, 2007 650,000.00 7.100% 775,675.00 1,425,675.00 2,201,350.00 Mar 1, 2008 - - 752,600.00 752,600.00 - Sep 1, 2008 740,000.00 7.100% 752,600.00 1,492,600.00 2,245,200.00 Mar 1, 2009 - - 726,330.00 726,330.00 - Sep 1, 2009 830,000.00 7.100% 726,330.00 1,556,330.00 2,282,660.00 Mar 1, 2010 - - 696,865.00 696,865.00 - Sep 1, 2010 935,000.00 7.100% 696,865.00 1,631,865.00 2,328,730.00 Mar 1, 2011 - - 663,672.50 663,672.50 - Sep 1, 2011 1,045,000.00 7.100% 663,672.50 1,708,672.50 2,372,345.00 Mar 1, 2012 - - 626,575.00 626,575.00 - Sep 1, 2012 1,160,000.00 7.100% 626,575.00 1,786,575.00 2,413,150.00 Mar 1, 2013 - - 585,395.00 585,395.00 - Sep 1, 2013 1,290,000.00 7.100% 585,395.00 1,875,395.00 2,460,790.00 Mar 1, 2014 - - 539,600.00 539,600.00 - Sep 1, 2014 1,430,000.00 7.100% 539,600.00 1,969,600.00 2,509,200.00 Mar 1, 2015 - - 488,835.00 488,835.00 - Sep 1, 2015 1,575,000.00 7.100% 488,835.00 2,063,835.00 2,552,670.00 Mar 1, 2016 - - 432,922.50 432,922.50 - Sep 1, 2016 1,735,000.00 7.100% 432,922.50 2,167,922.50 2,600,845.00 Mar 1, 2017 - - 371,330.00 371,330.00 - Sep 1, 2017 1,905,000.00 7.100% 371,330.00 2,276,330.00 2,647,660.00 Mar 1, 2018 - - 303,702.50 303,702.50 - Sep 1, 2018 2,095,000.00 7.100% 303,702.50 2,398,702.50 2,702,405.00 Mar 1, 2019 - - 229,330.00 229,330.00 - Sep 1, 2019 2,290,000.00 7.100% 229,330.00 2,519,330.00 2,748,660.00 Mar 1, 2020 - - 148,035.00 148,035.00 - Sep 1, 2020 4,170,000.00 7.100% 148,035.00 4,318,035.00 4,466,070.00 24,550,000.00 30,004,363.33 54,554,363.33 54,554,363.33

BOND DEBT SERVICE City of Lake Elsinore Community Facilities District No. 88-3 (West Lake Elsinore) 1997 Special Tax Bonds - Series B (Refund Bonds) Period Annual Ending Principal Coupon Interest Debt Service Debt Service Aug 7, 1997 - - - - - Mar 1, 1998 - - 289,340.00 289,340.00 - Sep 1, 1998 105,000.00 12.000% 255,300.00 360,300.00 649,640.00 Mar 1, 1999 - - 249,000.00 249,000.00 - Sep 1, 1999 165,000.00 12.000% 249,000.00 414,000.00 663,000.00 Mar 1, 2000 - - 239,100.00 239,100.00 - Sep 1, 2000 150,000.00 12.000% 239,100.00 389,100.00 628,200.00 Mar 1, 2001 - - 230,100.00 230,100.00 - Sep 1, 2001 155,000.00 12.000% 230,100.00 385,100.00 615,200.00 Mar 1, 2002 - - 220,800.00 220,800.00 - Sep 1, 2002 155,000.00 12.000% 220,800.00 375,800.00 596,600.00 Mar 1, 2003 - - 211,500.00 211,500.00 - Sep 1, 2003 235,000.00 12.000% 211,500.00 446,500.00 658,000.00 Mar 1, 2004 - - 197,400.00 197,400.00 - Sep 1, 2004 245,000.00 12.000% 197,400.00 442,400.00 639,800.00 Mar 1, 2005 - - 182,700.00 182,700.00 - Sep 1, 2005 240,000.00 12.000% 182,700.00 422,700.00 605,400.00 Mar 1, 2006 - - 168,300.00 168,300.00 - Sep 1, 2006 240,000.00 12.000% 168,300.00 408,300.00 576,600.00 Mar 1, 2007 - - 153,900.00 153,900.00 - Sep 1, 2007 240,000.00 12.000% 153,900.00 393,900.00 547,800.00 Mar 1, 2008 - - 139,500.00 139,500.00 - Sep 1, 2008 235,000.00 12.000% 139,500.00 374,500.00 514,000.00 Mar 1, 2009 - - 125,400.00 125,400.00 - Sep 1, 2009 235,000.00 12.000% 125,400.00 360,400.00 485,800.00 Mar 1, 2010 - - 111,300.00 111,300.00 - Sep 1, 2010 225,000.00 12.000% 111,300.00 336,300.00 447,600.00 Mar 1, 2011 - - 97,800.00 97,800.00 - Sep 1, 2011 220,000.00 12.000% 97,800.00 317,800.00 415,600.00 Mar 1, 2012 - - 84,600.00 84,600.00 - Sep 1, 2012 215,000.00 12.000% 84,600.00 299,600.00 384,200.00 Mar 1, 2013 - - 71,700.00 71,700.00 - Sep 1, 2013 205,000.00 12.000% 71,700.00 276,700.00 348,400.00 Mar 1, 2014 - - 59,400.00 59,400.00 - Sep 1, 2014 185,000.00 12.000% 59,400.00 244,400.00 303,800.00 Mar 1, 2015 - - 48,300.00 48,300.00 - Sep 1, 2015 185,000.00 12.000% 48,300.00 233,300.00 281,600.00 Mar 1, 2016 - - 37,200.00 37,200.00 - Sep 1, 2016 170,000.00 12.000% 37,200.00 207,200.00 244,400.00 Mar 1, 2017 - - 27,000.00 27,000.00 - Sep 1, 2017 150,000.00 12.000% 27,000.00 177,000.00 204,000.00 Mar 1, 2018 - - 18,000.00 18,000.00 - Sep 1, 2018 120,000.00 12.000% 18,000.00 138,000.00 156,000.00 Mar 1, 2019 - - 10,800.00 10,800.00 - Sep 1, 2019 105,000.00 12.000% 10,800.00 115,800.00 126,600.00 Mar 1, 2020 - - 4,500.00 4,500.00 - Sep 1, 2020 75,000.00 12.000% 4,500.00 79,500.00 84,000.00 4,255,000.00 5,921,240.00 10,176,240.00 10,176,240.00

EXHIBIT D Special Tax Roll

EXHIBIT D SPECIAL TAX ROLL (Fiscal Year 2002-03) CITY OF LAKE ELSINORE CFD No. 88-3 Parcel Special Tax Parcel Special Tax Number Special Tax Classification Amount Number Special Tax Classification Amount 387-451-001 Developed Property $1,428.04 387-453-013 Developed Property $1,428.04 387-451-002 Developed Property $1,428.04 387-453-014 Developed Property $1,428.04 387-451-003 Developed Property $1,783.16 387-453-015 Developed Property $1,428.04 387-451-004 Developed Property $1,428.04 387-453-016 Developed Property $1,783.16 387-451-005 Developed Property $1,428.04 387-453-017 Developed Property $1,428.04 387-451-006 Developed Property $1,428.04 387-453-018 Developed Property $1,428.04 387-451-007 Developed Property $1,783.16 387-453-019 Developed Property $1,783.16 387-451-008 Developed Property $1,428.04 387-453-020 Developed Property $1,428.04 387-451-009 Developed Property $1,428.04 387-453-021 Developed Property $1,428.04 387-451-010 Developed Property $1,428.04 387-453-022 Developed Property $1,783.16 387-451-011 Developed Property $1,783.16 387-453-023 Developed Property $1,783.16 387-451-012 Developed Property $1,428.04 387-453-024 Developed Property $1,783.16 387-452-001 Developed Property $1,783.16 387-453-025 Developed Property $1,783.16 387-452-002 Developed Property $1,783.16 387-461-001 Developed Property $1,428.04 387-452-003 Developed Property $1,428.04 387-461-002 Developed Property $1,783.16 387-452-004 Developed Property $1,428.04 387-461-003 Developed Property $1,783.16 387-452-005 Developed Property $1,783.16 387-461-004 Developed Property $1,428.04 387-452-006 Developed Property $1,783.16 387-461-005 Developed Property $1,428.04 387-452-007 Developed Property $1,428.04 387-461-006 Developed Property $1,783.16 387-452-008 Developed Property $1,428.04 387-461-007 Developed Property $1,783.16 387-452-009 Developed Property $1,783.16 387-461-008 Developed Property $1,783.16 387-452-010 Developed Property $1,428.04 387-461-009 Developed Property $1,783.16 387-452-011 Developed Property $1,783.16 387-461-010 Developed Property $1,428.04 387-452-012 Developed Property $1,428.04 387-461-011 Developed Property $1,783.16 387-452-013 Developed Property $1,783.16 387-461-012 Developed Property $1,428.04 387-452-014 Developed Property $1,783.16 387-461-013 Developed Property $1,783.16 387-452-015 Developed Property $1,428.04 387-461-014 Developed Property $1,783.16 387-452-016 Developed Property $1,783.16 387-461-015 Developed Property $1,428.04 387-452-017 Developed Property $1,783.16 387-461-017 Exempt Property $0.00 387-452-018 Developed Property $1,783.16 387-461-018 Developed Property $1,428.04 387-452-019 Developed Property $1,428.04 387-461-019 Developed Property $1,428.04 387-452-020 Developed Property $1,783.16 387-461-020 Developed Property $1,783.16 387-453-001 Developed Property $1,428.04 387-461-021 Developed Property $1,783.16 387-453-002 Developed Property $1,783.16 387-461-022 Developed Property $1,428.04 387-453-003 Developed Property $1,783.16 387-461-023 Developed Property $1,783.16 387-453-004 Developed Property $1,783.16 387-461-024 Developed Property $1,428.04 387-453-005 Developed Property $1,783.16 387-461-025 Developed Property $1,783.16 387-453-006 Developed Property $1,783.16 387-461-026 Developed Property $1,783.16 387-453-007 Developed Property $1,783.16 387-461-027 Developed Property $1,783.16 387-453-008 Developed Property $1,783.16 387-461-028 Developed Property $1,428.04 387-453-009 Developed Property $1,428.04 387-461-029 Developed Property $1,428.04 387-453-010 Developed Property $1,783.16 387-461-030 Exempt Property $0.00 387-453-011 Developed Property $1,783.16 387-461-031 Exempt Property $0.00 387-453-012 Developed Property $1,428.04 387-461-032 Exempt Property $0.00 D - 1

EXHIBIT D SPECIAL TAX ROLL (Fiscal Year 2002-03) CITY OF LAKE ELSINORE CFD No. 88-3 Parcel Special Tax Parcel Special Tax Number Special Tax Classification Amount Number Special Tax Classification Amount 387-461-033 Exempt Property $0.00 387-472-010 Developed Property $1,783.16 387-461-034 Exempt Property $0.00 387-472-011 Developed Property $1,428.04 387-462-001 Developed Property $1,783.16 387-472-012 Developed Property $1,783.16 387-462-002 Developed Property $1,428.04 387-472-013 Developed Property $1,428.04 387-462-003 Developed Property $1,783.16 387-472-014 Developed Property $1,428.04 387-462-004 Developed Property $1,783.16 387-472-015 Developed Property $1,783.16 387-462-005 Developed Property $1,783.16 387-472-016 Developed Property $1,783.16 387-462-006 Developed Property $1,783.16 387-472-017 Developed Property $1,428.04 387-462-007 Developed Property $1,783.16 387-472-018 Developed Property $1,783.16 387-462-008 Developed Property $1,783.16 387-472-019 Developed Property $1,783.16 387-462-009 Developed Property $1,428.04 387-472-020 Developed Property $1,783.16 387-462-010 Developed Property $1,783.16 387-472-021 Developed Property $1,783.16 387-462-011 Developed Property $1,428.04 387-481-001 Developed Property $1,428.04 387-462-012 Developed Property $1,428.04 387-481-002 Developed Property $1,783.16 387-462-013 Developed Property $1,428.04 387-481-003 Developed Property $1,783.16 387-462-014 Developed Property $1,783.16 387-481-004 Developed Property $1,428.04 387-462-015 Developed Property $1,428.04 387-481-005 Developed Property $1,783.16 387-462-016 Developed Property $1,783.16 387-481-006 Developed Property $1,783.16 387-462-017 Exempt Property $0.00 387-481-007 Developed Property $1,428.04 387-471-001 Developed Property $1,428.04 387-481-008 Developed Property $1,783.16 387-471-002 Developed Property $1,783.16 387-481-009 Developed Property $1,783.16 387-471-003 Developed Property $1,783.16 387-481-010 Developed Property $1,783.16 387-471-004 Developed Property $1,428.04 387-481-011 Developed Property $1,428.04 387-471-005 Developed Property $1,783.16 387-481-012 Developed Property $1,783.16 387-471-006 Developed Property $1,783.16 387-481-013 Developed Property $1,783.16 387-471-007 Developed Property $1,428.04 387-481-014 Developed Property $1,428.04 387-471-008 Developed Property $1,783.16 387-481-015 Developed Property $1,783.16 387-471-009 Developed Property $1,428.04 387-481-016 Developed Property $1,428.04 387-471-010 Developed Property $1,783.16 387-481-017 Developed Property $1,428.04 387-471-011 Developed Property $1,783.16 387-481-018 Developed Property $1,428.04 387-471-012 Developed Property $1,783.16 387-481-019 Developed Property $1,783.16 387-471-013 Developed Property $1,783.16 387-481-020 Developed Property $1,428.04 387-471-014 Developed Property $1,428.04 387-481-021 Developed Property $1,428.04 387-471-015 Developed Property $1,783.16 387-481-022 Developed Property $1,428.04 387-471-016 Exempt Property $0.00 387-481-023 Developed Property $1,783.16 387-472-001 Developed Property $1,783.16 387-481-024 Developed Property $1,783.16 387-472-002 Developed Property $1,783.16 387-481-025 Developed Property $1,783.16 387-472-003 Developed Property $1,428.04 387-481-026 Developed Property $1,783.16 387-472-004 Developed Property $1,783.16 387-481-027 Developed Property $1,783.16 387-472-005 Developed Property $1,428.04 387-481-028 Developed Property $1,783.16 387-472-006 Developed Property $1,783.16 387-481-029 Exempt Property $0.00 387-472-007 Developed Property $1,783.16 387-482-001 Developed Property $1,428.04 387-472-008 Developed Property $1,428.04 387-482-002 Developed Property $1,428.04 387-472-009 Developed Property $1,783.16 387-482-003 Developed Property $1,783.16 D - 2

EXHIBIT D SPECIAL TAX ROLL (Fiscal Year 2002-03) CITY OF LAKE ELSINORE CFD No. 88-3 Parcel Special Tax Parcel Special Tax Number Special Tax Classification Amount Number Special Tax Classification Amount 387-482-004 Developed Property $1,428.04 387-491-012 Developed Property $1,783.16 387-482-005 Developed Property $1,783.16 387-491-013 Developed Property $1,428.04 387-482-006 Developed Property $1,428.04 387-491-014 Developed Property $1,783.16 387-482-007 Developed Property $1,783.16 387-491-015 Developed Property $1,783.16 387-482-008 Developed Property $1,428.04 387-491-016 Developed Property $1,428.04 387-482-009 Developed Property $1,428.04 387-491-017 Developed Property $1,783.16 387-482-010 Developed Property $1,783.16 387-491-018 Developed Property $1,783.16 387-482-011 Developed Property $1,428.04 387-491-019 Exempt Property $0.00 387-482-012 Developed Property $1,428.04 387-492-001 Developed Property $1,783.16 387-482-013 Developed Property $1,783.16 387-492-002 Developed Property $1,783.16 387-482-014 Developed Property $1,428.04 387-492-003 Developed Property $1,428.04 387-482-015 Developed Property $1,783.16 387-492-004 Developed Property $1,783.16 387-482-016 Developed Property $1,783.16 387-492-005 Developed Property $1,783.16 387-482-017 Developed Property $1,428.04 387-492-006 Developed Property $1,428.04 387-482-018 Developed Property $1,783.16 387-492-007 Developed Property $1,783.16 387-482-019 Developed Property $1,783.16 387-492-008 Developed Property $1,428.04 387-482-020 Developed Property $1,428.04 387-492-009 Developed Property $1,428.04 387-482-021 Developed Property $1,783.16 387-492-010 Developed Property $1,783.16 387-482-022 Developed Property $1,783.16 387-492-011 Developed Property $1,783.16 387-482-023 Developed Property $1,783.16 387-492-012 Developed Property $1,428.04 387-483-001 Developed Property $1,428.04 387-492-013 Developed Property $1,428.04 387-483-002 Developed Property $1,783.16 387-492-014 Developed Property $1,783.16 387-483-003 Developed Property $1,428.04 387-492-015 Developed Property $1,783.16 387-483-004 Developed Property $1,428.04 387-492-016 Developed Property $1,428.04 387-483-005 Developed Property $1,783.16 387-492-017 Developed Property $1,783.16 387-483-006 Developed Property $1,428.04 387-492-018 Developed Property $1,783.16 387-483-007 Developed Property $1,428.04 387-492-019 Developed Property $1,783.16 387-483-008 Developed Property $1,428.04 387-492-020 Developed Property $1,783.16 387-483-009 Developed Property $1,783.16 387-492-021 Developed Property $1,783.16 387-483-010 Developed Property $1,783.16 387-492-022 Developed Property $1,428.04 387-483-011 Developed Property $1,428.04 387-492-023 Developed Property $1,783.16 387-483-012 Developed Property $1,783.16 387-492-024 Developed Property $1,428.04 387-483-013 Developed Property $1,783.16 387-492-025 Developed Property $1,783.16 387-491-001 Developed Property $1,783.16 387-492-026 Developed Property $1,428.04 387-491-002 Developed Property $1,783.16 387-493-001 Developed Property $1,428.04 387-491-003 Developed Property $1,783.16 387-493-002 Developed Property $1,783.16 387-491-004 Developed Property $1,428.04 387-493-003 Developed Property $1,783.16 387-491-005 Developed Property $1,783.16 387-493-004 Developed Property $1,783.16 387-491-006 Developed Property $1,428.04 387-493-005 Developed Property $1,428.04 387-491-007 Developed Property $1,428.04 387-493-006 Developed Property $1,783.16 387-491-008 Developed Property $1,783.16 387-493-007 Developed Property $1,783.16 387-491-009 Developed Property $1,783.16 387-493-008 Developed Property $1,428.04 387-491-010 Developed Property $1,783.16 387-493-009 Developed Property $1,783.16 387-491-011 Developed Property $1,783.16 387-493-010 Developed Property $1,783.16 D - 3

EXHIBIT D SPECIAL TAX ROLL (Fiscal Year 2002-03) CITY OF LAKE ELSINORE CFD No. 88-3 Parcel Special Tax Parcel Special Tax Number Special Tax Classification Amount Number Special Tax Classification Amount 387-493-011 Developed Property $1,428.04 387-503-018 Developed Property $1,428.04 387-493-012 Developed Property $1,783.16 387-503-019 Developed Property $1,428.04 387-493-013 Developed Property $1,428.04 387-503-020 Developed Property $1,428.04 387-493-014 Developed Property $1,783.16 387-503-021 Developed Property $1,428.04 387-493-015 Developed Property $1,428.04 387-503-022 Developed Property $1,428.04 387-501-001 Developed Property $1,428.04 387-503-023 Developed Property $1,428.04 387-501-002 Developed Property $1,428.04 387-503-024 Developed Property $1,428.04 387-501-003 Developed Property $1,428.04 387-503-025 Developed Property $1,428.04 387-501-004 Developed Property $1,428.04 387-503-026 Developed Property $1,428.04 387-501-005 Developed Property $1,428.04 387-503-027 Developed Property $1,428.04 387-501-006 Developed Property $1,428.04 387-503-028 Developed Property $1,428.04 387-501-007 Developed Property $1,428.04 387-503-029 Developed Property $1,428.04 387-501-008 Developed Property $1,428.04 387-503-030 Developed Property $1,428.04 387-501-009 Developed Property $1,428.04 387-503-031 Developed Property $1,428.04 387-501-010 Developed Property $1,428.04 387-503-032 Developed Property $1,428.04 387-501-011 Exempt Property $0.00 387-503-033 Developed Property $1,428.04 387-501-012 Developed Property $1,428.04 387-503-034 Developed Property $1,428.04 387-501-013 Developed Property $1,428.04 387-503-035 Developed Property $1,428.04 387-501-014 Developed Property $1,428.04 387-503-036 Developed Property $1,428.04 387-501-015 Developed Property $1,428.04 387-503-038 Developed Property $1,428.04 387-501-016 Developed Property $1,428.04 387-511-001 Approved Undeveloped Property $3,619.78 387-502-001 Approved Undeveloped Property $2,685.64 387-511-002 Developed Property $1,783.16 387-502-002 Approved Undeveloped Property $2,452.12 387-511-003 Developed Property $1,783.16 387-502-003 Developed Property $1,428.04 387-511-004 Developed Property $2,140.80 387-502-004 Developed Property $1,428.04 387-511-005 Approved Undeveloped Property $1,868.28 387-502-005 Developed Property $1,428.04 387-511-006 Approved Undeveloped Property $1,868.28 387-502-006 Developed Property $1,428.04 387-511-007 Approved Undeveloped Property $1,868.28 387-502-007 Developed Property $1,428.04 387-511-008 Approved Undeveloped Property $1,868.28 387-503-001 Developed Property $1,428.04 387-511-009 Approved Undeveloped Property $1,868.28 387-503-002 Developed Property $1,428.04 387-511-010 Approved Undeveloped Property $1,868.28 387-503-003 Developed Property $1,428.04 387-511-011 Approved Undeveloped Property $2,685.64 387-503-004 Developed Property $1,428.04 387-511-012 Developed Property $1,783.16 387-503-005 Developed Property $1,428.04 387-511-013 Developed Property $1,783.16 387-503-006 Developed Property $1,428.04 387-511-014 Developed Property $2,140.80 387-503-008 Developed Property $1,428.04 387-511-015 Developed Property $1,783.16 387-503-009 Developed Property $1,428.04 387-511-016 Developed Property $1,783.16 387-503-010 Developed Property $1,428.04 387-511-017 Developed Property $1,783.16 387-503-011 Developed Property $1,428.04 387-511-018 Developed Property $2,140.80 387-503-012 Developed Property $1,428.04 387-511-019 Developed Property $2,140.80 387-503-013 Exempt Property $0.00 387-511-020 Developed Property $1,783.16 387-503-014 Developed Property $1,428.04 387-511-021 Developed Property $2,140.80 387-503-015 Developed Property $1,428.04 387-511-022 Developed Property $1,783.16 387-503-016 Developed Property $1,428.04 387-511-023 Developed Property $1,783.16 387-503-017 Developed Property $1,428.04 387-511-024 Developed Property $1,783.16 D - 4

EXHIBIT D SPECIAL TAX ROLL (Fiscal Year 2002-03) CITY OF LAKE ELSINORE CFD No. 88-3 Parcel Special Tax Parcel Special Tax Number Special Tax Classification Amount Number Special Tax Classification Amount 387-512-001 Developed Property $1,783.16 387-521-003 Developed Property $2,140.80 387-512-002 Developed Property $1,783.16 387-521-004 Developed Property $1,783.16 387-512-003 Developed Property $1,783.16 387-521-005 Developed Property $2,140.80 387-512-004 Developed Property $1,783.16 387-521-006 Developed Property $1,783.16 387-512-005 Developed Property $2,140.80 387-521-007 Developed Property $2,140.80 387-512-006 Developed Property $1,783.16 387-521-008 Developed Property $1,783.16 387-512-007 Developed Property $2,140.80 387-521-009 Developed Property $2,140.80 387-512-008 Developed Property $1,783.16 387-521-010 Developed Property $1,783.16 387-512-009 Developed Property $1,783.16 387-521-011 Developed Property $1,783.16 387-512-010 Developed Property $2,140.80 387-521-012 Developed Property $2,140.80 387-512-011 Developed Property $1,783.16 387-521-013 Developed Property $1,783.16 387-512-012 Developed Property $2,140.80 387-521-014 Developed Property $1,783.16 387-512-013 Developed Property $1,783.16 387-521-015 Developed Property $2,140.80 387-512-014 Developed Property $1,783.16 387-521-016 Developed Property $1,783.16 387-512-015 Developed Property $2,140.80 387-521-017 Developed Property $2,140.80 387-512-016 Developed Property $1,783.16 387-521-018 Developed Property $1,783.16 387-512-017 Developed Property $2,140.80 387-521-019 Developed Property $1,783.16 387-513-001 Developed Property $1,783.16 387-521-020 Developed Property $1,783.16 387-513-002 Developed Property $1,783.16 387-521-021 Developed Property $2,140.80 387-513-003 Developed Property $1,783.16 387-521-022 Developed Property $1,783.16 387-513-004 Developed Property $1,783.16 387-521-023 Developed Property $2,140.80 387-513-005 Developed Property $1,783.16 387-521-024 Developed Property $1,783.16 387-513-006 Developed Property $2,140.80 387-521-025 Exempt Property $0.00 387-513-007 Developed Property $1,783.16 387-521-026 Exempt Property $0.00 387-513-008 Developed Property $2,140.80 387-521-027 Exempt Property $0.00 387-513-009 Developed Property $1,783.16 387-522-001 Developed Property $1,783.16 387-513-010 Developed Property $1,783.16 387-522-002 Developed Property $1,783.16 387-513-011 Developed Property $2,140.80 387-522-003 Developed Property $2,140.80 387-513-012 Developed Property $1,783.16 387-522-004 Developed Property $1,783.16 387-513-013 Developed Property $2,140.80 387-522-005 Developed Property $2,140.80 387-513-014 Developed Property $1,783.16 387-522-006 Developed Property $1,783.16 387-513-015 Developed Property $1,783.16 387-522-007 Developed Property $1,783.16 387-513-016 Developed Property $1,783.16 387-522-008 Developed Property $2,140.80 387-513-017 Developed Property $1,783.16 387-522-009 Developed Property $1,783.16 387-513-018 Developed Property $1,783.16 387-522-010 Developed Property $1,783.16 387-513-019 Developed Property $1,783.16 387-522-011 Developed Property $1,783.16 387-513-020 Developed Property $1,783.16 387-522-012 Developed Property $1,783.16 387-513-021 Developed Property $1,783.16 387-522-013 Developed Property $1,783.16 387-513-022 Developed Property $1,783.16 387-522-014 Developed Property $2,140.80 387-513-023 Developed Property $1,783.16 387-522-015 Developed Property $1,783.16 387-513-024 Developed Property $1,783.16 387-522-016 Developed Property $1,783.16 387-513-025 Developed Property $1,783.16 387-522-017 Developed Property $2,140.80 387-521-001 Developed Property $1,783.16 387-522-018 Developed Property $1,783.16 387-521-002 Developed Property $2,140.80 387-522-019 Developed Property $2,140.80 D - 5