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NOTICE OF PUBLIC HEARING REGARDING BONDED INDEBTEDNESS FOR CITY OF ANAHEIM COMMUNITY FACILITIES DISTRICT NO. 08-1 (PLATINUM TRIANGLE) On January 29, 2008, the City Council of the City of Anaheim (the “City Council”) adopted a Resolution No. 2008-008 entitled “A Resolution of the City Council of the City of Anaheim to Incur Bonded Indebtedness of the Proposed City of Anaheim Community Facilities District No. 08-1 (Platinum Triangle)” (the “Resolution”). NOTICE IS HEREBY given that pursuant to Section 53346 of the Mello-Roos Community Facilities Act of 1982, the Anaheim City Council will hold a public hearing in the Council Chambers of Anaheim City Hall, 200 South Anaheim Boulevard, Anaheim on Tuesday, March 4, 2008, beginning at 5:30 P.M. to consider: A. The text of the Resolution is as follows: WHEREAS, the City Council (the “City Council”) of the City of Anaheim (the “City”) has this date adopted its Resolution entitled “A Resolution of the City Council of the City of Anaheim of Intention to Establish a Community Facilities District and to Authorize the Levy of Special Taxes,” stating its intention to establish the City of Anaheim Community Facilities District No. 08-1 (Platinum Triangle) (the “Community Facilities District”) pursuant to the Mello- Roos Community Facilities Act of 1982 (the “Act”) for the purpose of financing certain public facilities (the “Facilities”), as further provided in said Resolution; and WHEREAS, in order to finance the Facilities it is necessary to incur bonded indebtedness in the amount of up to $480,000,000; NOW, THEREFORE, the City Council of the City of Anaheim does hereby resolve, determine and order as follows: Section 1. Section 2. Section 3. Section 4. The City Council hereby declares that in order to finance the Facilities, it is necessary to incur bonded indebtedness. The purpose for which the proposed debt is to be incurred is to provide the funds necessary to pay the costs of the Facilities, including construction costs and all costs incidental to, or connected with, the accomplishment of said purpose and of the financing thereof, as permitted by Section 53345.3 of the Act. The maximum amount of the proposed debt is $480,000,000. The City Council hereby fixes Tuesday, March 4, 2008, at 5:30 p.m., or as soon thereafter as the City Council may reach the matter, at 200 OHS West:260380784.1 ---PAGE BREAK--- South Anaheim Boulevard, Anaheim, California, as the time and place when and where the City Council will conduct a public hearing on the proposed debt issue. Section 5. Section 6. Section 7. The City Clerk of the City is hereby directed to publish, or cause to be published, a notice of said public hearing one time in a newspaper of general circulation published in the area of the Community Facilities District. The publication of said notice shall be completed at least seven days prior to the date herein set for said public hearing. Said notice shall contain the information prescribed by Section 53346 of the Act. The officers, employees and agents of the City are hereby authorized and directed to take all actions and do all things which they, or any of them, may deem necessary or desirable to accomplish the purposes of this Resolution and not inconsistent with the provisions hereof. This Resolution shall take effect immediately upon its adoption. B. The time and place of the hearing on the proposal to issue debt of the Community Facilities District are Tuesday, March 4, 2008 at 5:30 p.m., at 200 South Anaheim Boulevard, Anaheim, California. C. At the hearing the testimony of all interested persons, including all persons owning property in the area of the Community Facilities District, for and against the proposed Community Facilities District debt issuance, will be heard. All interested parties are invited and encouraged to attend said meeting and express their opinions for or against this item. Further information may be obtained from the Public Works Department, Civic Center, 2nd Floor, or by telephoning (714) 765-5176. BY ORDER OF THE CITY COUNCIL OF THE CITY OF ANAHEIM LINDA N. ANDAL, CITY CLERK OHS West:260380784.1