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NOTICE OF HEARING ON RESOLUTION OF INTENTION TO ESTABLISH PROPOSED COMMUNITY FACILITIES DISTRICT NO. 2004-1 (GALLERIA AT TYLER) OF THE CITY OF RIVERSIDE NOTICE IS HEREBY GIVEN that on December 21, 2004 the City Council of the City of Riverside adopted Resolution No. 20843, the resolution of intention with respect to the formation of proposed Community Facilities District No. 2004-1 (Galleria at Tyler) of the City of Riverside, County of Riverside, State of California, and that a public hearing on said resolution of intention and with respect to the formation of said community facilities district will be held at 3:00 p.m. on January 25, 2005, in the City Council Chambers .at the City Hall, 3900 Main Street, Riverside, California. Resolution No. 20843 provides in summary as follows: 1. The name proposed for the community facilities district is "Community Facilities District No. 2004-1 (Galleria at Tyler) of the City of Riverside, County of Riverside, State of California." 2. The boundaries of the territory proposed for inclusion in the proposed community facilities district are shown on the map entitled, "Boundaries of Community Facilities District No. 2004-1 (Galleria at Tyler) of the City of Riverside, County of Riverside, State of California," which is on file with the City Clerk. 3. The types of public facilities to be provided for and financed by the proposed community facilities district (the "Facilities") are as follows: The proposed community facilities district shall provide and finance the costs of (i) parking deck additions to create 645 new automobile parking spaces; (ii) escalators and elevators associated with parking deck additions; (iii) hardscape, including, without limitation, curb, gutter, sidewalks, driveways and fountains; (iv) landscape; (v) landscape irrigation systems; (vi) exterior lighting; (vii) exterior lighting related electrical systems; (viii) directional and other signage related to public parking; (ix) public storm drain system; (x) demolition of public and private facilities necessary to construct the Public Improvements, including the Parking Facility within the proposed community facilities district, and shall also finance costs associated with (a) planning and designing the Facilities; (b) execution and delivery of the COPs (as defined in Section 4); and (c) the determination of the amount of and the levy and collection of special taxes which are levied to provide such Facilities and costs otherwise incurred in order to carry out the authorized purposes of the community facilities district. 4. Except where funds are otherwise available, special taxes shall be annually levied within the proposed community facilities district sufficient to pay for the following: (i) the Facilities including, pursuant to Government Code Section 53313.5(g), reimbursing the City for payment from the City's General Fund of the principal of and interest with respect to the certificates of participation sold and to represent undivided interests in the RVPUB\BJS\686101.1