##### Table of Contents



UNITED STATES
 SECURITIES AND EXCHANGE
    COMMISSION
 Washington, D.C. 20549
  FORM 10-K
  (Mark One)
 [X]  ANNUAL REPORT
    PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES EXCHANGE ACT OF
    1934
  For the fiscal year ended December 31, 2008
  OR
  [ ]  TRANSITION
    REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES EXCHANGE ACT OF
    1934
  For the transition period from
    
    to
  Commission file no. 0-16191
  DEL TACO RESTAURANT PROPERTIES
    I
 (A California limited partnership)
 (Exact name of registrant as
    specified in its charter)
  California(State or other jurisdiction of
    incorporation or organization)

95-3852699(I.R.S. Employer
    Identification Number)25521 Commercentre Drive
    Lake Forest, California(Address of principal executive
    offices)

92630(Zip Code)    (949) 462-9300
      X
  X
  X
  DOCUMENTS
    INCORPORATED BY REFERENCE
      Large
    accelerated
    filer o
    Accelerated
    filer o
    Non-accelerated
    filer þ
    Smaller
    reporting
    company o   Rule 12b-2  X




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TABLE OF CONTENTS  PART IItem 1. BusinessItem 1A. Risk FactorsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Submission of Matters to a Vote of Security HoldersPART IIItem 5. Market for the Partnerships Common Equity, Related Security Holder Matters and Issuer Purchases of Equity SecuritiesItem 6. Selected Financial DataItem 7. Managements Discussion and Analysis of Financial Condition and Results of OperationsItem 7A. Quantitative and Qualitative Disclosures About Market RiskItem 8. Financial Statements and Supplementary DataItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosuresItem 9A(T). Controls and ProceduresItem 9B. Other InformationPART IIIItem 10. Directors, Executive Officers, and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership of Certain Beneficial Owners and ManagementItem 13. Certain Relationships, Related Transactions, and Director IndependenceItem 14. Principal Accountant Fees and ServicesPART IVItem 15. Exhibits and Financial Statement SchedulesSIGNATURESEXHIBIT INDEXEX-31.1EX-31.2EX-32.1    Table of Contents  
 PART I
 
 Item 1. Business
    
 Item 1A. Risk Factors
  2




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Item 2. Properties
  Date ofDate of
    
    Restaurant
    
    CommencementAddress
    
    City, State
    
    Acquisition
    
    Constructed
    
    of Operation (1)Riverside Avenue
    
    Rialto, CA
    
    September 28, 1984
    
    60 seat with drive through service window
    
    February 12, 1985Elden Avenue
    
    Moreno Valley, CA
    
    March 8, 1985
    
    60 seat with drive through service window
    
    June 30, 1985Foothill Boulevard
    
    La Verne, CA
    
    April 16, 1985
    
    60 seat with drive through service window
    
    November 6, 1985Baseline & Archibald
    
    Rancho Cucamonga, CA
    
    July 10, 1985
    
    60 seat with drive through service window
    
    November 26, 1985Elkhorn Boulevard
    
    Sacramento, CA
    
    August 22, 1985
    
    60 seat with drive through service window
    
    January 15, 1986Haven Avenue
    
    Rancho Cucamonga, CA
    
    September 20, 1985
    
    60 seat with drive through service window
    
    February 14, 1986
  
 (1)
    
    Commencement of operation is the first date Del Taco, as lessee, operated the facility on the
site as a Del Taco restaurant. 
 Item 3. Legal Proceedings
  
 Item 4. Submission of Matters to a Vote of Security Holders
  3




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PART II
 
 Item 5.
    
    Market for the Partnerships Common Equity, Related Security Holder Matters and Issuer Purchases of Equity Securities
  
 Item 6. Selected Financial Data
  Years Ended December 31,2008
    
    
    2007
    
    
    2006
    
    
    2005
    
    
    2004Rental revenues
    
    $
    746,097
    
    
    $
    730,322
    
    
    $
    722,953
    
    
    $
    780,229
    
    
    $
    772,133General and administrative
expense
    
    
    71,643
    
    
    
    73,984
    
    
    
    71,436
    
    
    
    68,833
    
    
    
    68,345Depreciation expense
    
    
    28,948
    
    
    
    28,948
    
    
    
    28,948
    
    
    
    40,420
    
    
    
    43,772Interest and other income
    
    
    4,576
    
    
    
    6,100
    
    
    
    5,443
    
    
    
    4,627
    
    
    
    3,696Net income
    
    
    650,082
    
    
    
    633,490
    
    
    
    628,012
    
    
    
    675,603
    
    
    
    663,712Net income per limited
partnership unit
    
    
    73.54
    
    
    
    71.67
    
    
    
    71.05
    
    
    
    76.43
    
    
    
    75.09Cash distributions per
limited partnership unit
    
    
    68.35
    
    
    
    74.47
    
    
    
    76.21
    
    
    
    80.45
    
    
    
    80.78Total assets
    
    
    2,243,902
    
    
    
    2,205,826
    
    
    
    2,275,794
    
    
    
    2,316,566
    
    
    
    2,340,659Long-term obligations
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
 4




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Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations
   Liquidity and Capital Resources
   Off Balance Sheet Arrangements and Contractual Obligations
  Results of Operations
  5




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Item 7.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations (Continued)
 Results of Operations
  Years Ended December 31,2008
    
    
    2007
    
    
    2006Riverside Avenue, Rialto, CA
    
    $
    114,099
    
    
    $
    113,841
    
    
    $
    116,077Elden Avenue, Moreno Valley, CA
    
    
    102,202
    
    
    
    103,720
    
    
    
    120,781Foothill Boulevard, La Verne, CA
    
    
    175,614
    
    
    
    175,299
    
    
    
    173,288Baseline & Archibald, Rancho Cucamonga, CA
    
    
    119,344
    
    
    
    121,287
    
    
    
    120,339Elkhorn Boulevard, Sacramento, CA
    
    
    90,482
    
    
    
    81,243
    
    
    
    72,871Haven Avenue, Rancho Cucamonga, CA
    
    
    144,356
    
    
    
    134,932
    
    
    
    119,597Total
    
    $
    746,097
    
    
    $
    730,322
    
    
    $
    722,953
    Percentage of Total General and Administrative ExpenseYears Ended December 31,2008
    
    
    2007
    
    
    2006Accounting fees
    
    
    66.09
    %
    
    
    62.92
    %
    
    
    60.99
    %Distribution of information
to limited partners
    
    
    32.77
    
    
    
    35.64
    
    
    
    37.31Other
    
    
    1.14
    
    
    
    1.44
    
    
    
    1.70100.00
    
    
    
    100.00
    
    
    
    100.00
   6




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##### Table of Contents



Item 7.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations (Continued)
 Results of Operations
   Recent Accounting Pronouncements
  Critical Accounting Policies and Estimates
  Revenue Recognition:
 7




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Item 7.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations (Continued)
 Property and Equipment:
  
 Item 7A. Quantitative and Qualitative Disclosures About Market Risk
  8




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Item 8. Financial Statements and Supplementary Data
 PART I. INFORMATION
 INDEX
    
    PAGE NUMBERReport of Independent Registered Public Accounting Firm -
Squar, Milner, Peterson, Miranda & Williamson, LLP
    
    
    10Balance Sheets at December 31, 2008 and 2007
    
    
    11Statements of Income for the years ended
December 31, 2008, 2007 and 2006
    
    
    12Statements of Partners Equity for
the years ended December 31, 2008, 2007 and 2006
    
    
    13Statements of Cash Flows for the years ended
December 31, 2008, 2007 and 2006
    
    
    14Notes to Financial Statements
    
    
    15-20Schedule III  Real Estate and Accumulated Depreciation
    
    
    27
 9




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Report of Independent Registered Public Accounting Firm
 
        10




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DEL TACO RESTAURANT PROPERTIES I
 BALANCE SHEETS
 December 31,2008
    
    
    2007ASSETSCURRENT ASSETS:Cash
    
    $
    207,772
    
    
    $
    218,140Receivable from Del Taco LLC
    
    
    62,158
    
    
    
    62,093Deposits
    
    
    1,110
    
    
    
    986Total current assets
    
    
    271,040
    
    
    
    281,219PROPERTY AND EQUIPMENT:Land and improvements
    
    
    1,929,685
    
    
    
    1,852,482Buildings and improvements
    
    
    1,013,134
    
    
    
    1,013,134Machinery and equipment
    
    
    1,136,026
    
    
    
    1,136,0264,078,845
    
    
    
    4,001,642Lessaccumulated depreciation
    
    
    2,105,983
    
    
    
    2,077,0351,972,862
    
    
    
    1,924,607$
    2,243,902
    
    
    $
    2,205,826LIABILITIES AND PARTNERS EQUITYCURRENT LIABILITIES:Payable to limited partners
    
    $
    31,289
    
    
    $
    39,157Accounts payable
    
    
    6,967
    
    
    
    6,859Total current liabilities
    
    
    38,256
    
    
    
    46,016PARTNERS EQUITY AT DECEMBER 31, 2008 AND 2007:Limited partners; 8,751 units outstanding at December 31, 2008
and December 31, 2007
    
    
    1,943,492
    
    
    
    1,898,115General partner-Del Taco LLC
    
    
    262,154
    
    
    
    261,6952,205,646
    
    
    
    2,159,810$
    2,243,902
    
    
    $
    2,205,826
  11




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DEL TACO RESTAURANT PROPERTIES I
 STATEMENTS OF INCOME
 Years Ended December 31,2008
    
    
    2007
    
    
    2006RENTAL REVENUES
    
    $
    746,097
    
    
    $
    730,322
    
    
    $
    722,953EXPENSES:General and administrative
    
    
    71,643
    
    
    
    73,984
    
    
    
    71,436Depreciation
    
    
    28,948
    
    
    
    28,948
    
    
    
    28,948100,591
    
    
    
    102,932
    
    
    
    100,384Operating income
    
    
    645,506
    
    
    
    627,390
    
    
    
    622,569OTHER INCOME:Interest
    
    
    1,551
    
    
    
    4,375
    
    
    
    4,668Other
    
    
    3,025
    
    
    
    1,725
    
    
    
    775Net income
    
    $
    650,082
    
    
    $
    633,490
    
    
    $
    628,012Net income per limited
partnership unit (note 2)
    
    $
    73.54
    
    
    $
    71.67
    
    
    $
    71.05Number of limited partnership units
used in computing per unit amounts
    
    
    8,751
    
    
    
    8,751
    
    
    
    8,751
  12




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DEL TACO RESTAURANT PROPERTIES I
 STATEMENTS OF PARTNERS EQUITY
 Years Ended December 31, 2008, 2007, and 2006
 Limited Partners
    
    
    GeneralUnits
    
    
    Amount
    
    
    Partner
    
    
    TotalBalance, December 31, 2005
    
    
    8,751
    
    
    $
    1,967,669
    
    
    $
    262,398
    
    
    $
    2,230,067Net Income
    
    
    
    
    
    
    621,732
    
    
    
    6,280
    
    
    
    628,012Cash Distributions
    
    
    
    
    
    
    (666,847
    )
    
    
    (6,736
    )
    
    
    (673,583
    )Balance, December 31, 2006
    
    
    8,751
    
    
    
    1,922,554
    
    
    
    261,942
    
    
    
    2,184,496Net Income
    
    
    
    
    
    
    627,155
    
    
    
    6,335
    
    
    
    633,490Cash Distributions
    
    
    
    
    
    
    (651,594
    )
    
    
    (6,582
    )
    
    
    (658,176
    )Balance, December 31, 2007
    
    
    8,751
    
    
    
    1,898,115
    
    
    
    261,695
    
    
    
    2,159,810Net Income
    
    
    
    
    
    
    643,581
    
    
    
    6,501
    
    
    
    650,082Cash Distributions
    
    
    
    
    
    
    (598,204
    )
    
    
    (6,042
    )
    
    
    (604,246
    )Balance, December 31, 2008
    
    
    8,751
    
    
    $
    1,943,492
    
    
    $
    262,154
    
    
    $
    2,205,646
  13




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DEL TACO RESTAURANT PROPERTIES I
 STATEMENTS OF CASH FLOWS
 Years Ended December 31,2008
    
    
    2007
    
    
    2006CASH FLOWS FROM OPERATING ACTIVITIES:Net income
    
    $
    650,082
    
    
    $
    633,490
    
    
    $
    628,012Adjustments to reconcile net income to net
cash provided by operating activities:Depreciation
    
    
    28,948
    
    
    
    28,948
    
    
    
    28,948Changes in operating assets and liabilities:Receivable from Del Taco LLC
    
    
    (65
    )
    
    
    (452
    )
    
    
    3,550Deposits
    
    
    (124
    )
    
    
    144
    
    
    
    (530
    )Payable to limited partners
    
    
    (7,868
    )
    
    
    (42,720
    )
    
    
    (97
    )Accounts payable
    
    
    108
    
    
    
    (2,562
    )
    
    
    4,896Net cash provided by operating activities
    
    
    671,081
    
    
    
    616,848
    
    
    
    664,779CASH FLOWS FROM INVESTING ACTIVITIES:Purchase of land and improvements
    
    
    (77,203
    )
    
    
    
    
    
    
    CASH FLOWS FROM FINANCING ACTIVITIES:Cash distributions to partners
    
    
    (604,246
    )
    
    
    (658,176
    )
    
    
    (673,583
    )Net decrease in cash
    
    
    (10,368
    )
    
    
    (41,328
    )
    
    
    (8,804
    )Beginning cash balance
    
    
    218,140
    
    
    
    259,468
    
    
    
    268,272Ending cash balance
    
    $
    207,772
    
    
    $
    218,140
    
    
    $
    259,468
  14




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DEL TACO RESTAURANT PROPERTIES I
 NOTES TO FINANCIAL STATEMENTS
 NOTE 1  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 The Partnership:
   Basis of Accounting:
 Property and Equipment:
  15




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DEL TACO RESTAURANT PROPERTIES I  NOTES TO FINANCIAL STATEMENTS  CONTINUED
 NOTE 1  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)
 Income Taxes:
 Net Income Per Limited Partnership Unit:
 Use of Estimates:
 Revenue Recognition:
 Concentration of Risk:
  Fair Value of Financial Instruments:
 NOTE 2  PARTNERS EQUITY
   16




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DEL TACO RESTAURANT PROPERTIES I  NOTES TO FINANCIAL STATEMENTS  CONTINUED
 NOTE 3  LEASING ACTIVITIES
   NOTE 4  RELATED PARTIES
     17




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DEL TACO RESTAURANT PROPERTIES I  NOTES TO FINANCIAL STATEMENTS  CONTINUED
 NOTE 5  INCOME TAXES (UNAUDITED)
   2008
    
    
    2007
    
    
    2006Net income per
financial statements
    
    $
    650,082
    
    
    $
    633,490
    
    
    $
    628,012Excess book depreciation
    
    
    17,328
    
    
    
    17,328
    
    
    
    17,328Taxable income
    
    $
    667,410
    
    
    $
    650,818
    
    
    $
    645,340
  Partners equity per financial statements
    
    $
    2,205,646Issue costs of limited partnership units capitalized for tax purposes
    
    
    637,325Difference in book vs. tax depreciation
    
    
    128,219Other
    
    
    235Partners equity for tax purposes
    
    $
    2,971,425
 18




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DEL TACO RESTAURANT PROPERTIES I  NOTES TO FINANCIAL STATEMENTS  CONTINUED
 NOTE 6  CASH DISTRIBUTIONS TO LIMITED PARTNERS
  Cash
    
    
    Weighted
    
    
    Number of UnitsDistribution per
    
    
    Average Number
    
    
    Outstanding atLimited Partnership
    
    
    of Units
    
    
    the End ofQuarter Ended
    
    Unit
    
    
    Outstanding
    
    
    QuarterDecember 31, 2005
    
    $
    20.51
    
    
    
    8,751
    
    
    
    8,751March 31, 2006
    
    
    18.36
    
    
    
    8,751
    
    
    
    8,751June 30, 2006
    
    
    17.97
    
    
    
    8,751
    
    
    
    8,751September 30, 2006
    
    
    19.37
    
    
    
    8,751
    
    
    
    8,751Total paid in 2006
    
    $
    76.21December 31, 2006
    
    $
    19.53
    
    
    
    8,751
    
    
    
    8,751March 31, 2007
    
    
    17.39
    
    
    
    8,751
    
    
    
    8,751June 30, 2007
    
    
    16.56
    
    
    
    8,751
    
    
    
    8,751September 30, 2007
    
    
    20.99
    
    
    
    8,751
    
    
    
    8,751Total paid in 2007
    
    $
    74.47December 31, 2007
    
    $
    19.68
    
    
    
    8,751
    
    
    
    8,751March 31, 2008
    
    
    9.60
    
    
    
    8,751
    
    
    
    8,751June 30, 2008
    
    
    19.66
    
    
    
    8,751
    
    
    
    8,751September 30, 2008
    
    
    19.41
    
    
    
    8,751
    
    
    
    8,751Total paid in 2008
    
    $
    68.35
  NOTE 7  RESULTS BY QUARTER (UNAUDITED)
 First
    
    Second
    
    Third
    
    FourthQuarter
    
    Quarter
    
    Quarter
    
    QuarterYear ended December 31, 2008Rental revenues
    
    $
    183,905
    
    
    $
    185,959
    
    
    $
    189,942
    
    
    $
    186,291Net income
    
    
    136,914
    
    
    
    170,451
    
    
    
    174,089
    
    
    
    168,628Net income per
limited partnership
unit
    
    
    15.49
    
    
    
    19.28
    
    
    
    19.69
    
    
    
    19.08Year ended December 31, 2007Rental revenues
    
    $
    173,334
    
    
    $
    181,721
    
    
    $
    188,813
    
    
    $
    186,454Net income
    
    
    127,514
    
    
    
    163,285
    
    
    
    172,130
    
    
    
    170,561Net income per
limited partnership
unit
    
    
    14.43
    
    
    
    18.47
    
    
    
    19.47
    
    
    
    19.30
 19




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DEL TACO RESTAURANT PROPERTIES I  NOTES TO FINANCIAL STATEMENTS  CONTINUED
 NOTE 8  PAYABLE TO LIMITED PARTNERS
  NOTE 9  ACQUISITION OF GENERAL PARTNER
  NOTE 10  COMMITMENTS AND CONTINGENCIES
  20




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Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures
  
 Item 9A(T). Controls and Procedures
     (a)
    
    Managements Report on Internal Control over Financial Reporting
  Internal Control -
Integrated Framework
 21




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(b)
    
    Changes in internal controls:
  
 Item 9B. Other Information
  
 PART III
 
 Item 10. Directors, Executive Officers, and Corporate Governance
  Name
    
    Title
    
    AgePaul J.B. Murphy, III
    
    Chief Executive Officer
    
    
    54James W. Lyons
    
    Chief Development Officer
    
    
    53James D. Stoops
    
    Executive Vice President, Operations
    
    
    56Janet D. Erickson
    
    Executive Vice President, Purchasing
    
    
    52Steven L. Brake
    
    Treasurer
    
    
    36
  (c)
    
    None(d)
    
    No family relationship exists between any such officer of the General Partner.(e)
    
    The following is an account of the business experience during the past five years of each
such officer:
 22




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Paul J. B. Murphy, III
 James W. Lyons
 James D. Stoops
 Janet D. Erickson
 Steven L. Brake
   23




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Item 11. Executive Compensation
  
 Item 12. Security Ownership of Certain Beneficial Owners and Management
 (a)
    
    No person of record currently owns more than five percent of limited partnership units of the
Partnership, nor was any person known of by the Partnership to own of record and beneficially,
or beneficially only, more than five percent of such securities.(b)
    
    Neither Del Taco LLC, nor any executive officer or director of Del Taco LLC, owns any limited
partnership units of the Partnership.(c)
    
    The Partnership knows of no contractual arrangements, the operation or the terms of which may
at a subsequent date result in a change in control of the Partnership, except for provisions
in the Partnership agreement providing for removal of the General Partner by holders of a
majority of the limited partnership units and if a material event of default occurs under the
financing agreements of the General Partner.
 24




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Item 13. Certain Relationships, Related Transactions, and Director Independence
 (a)
    
    No transactions have occurred between the Partnership and any executive officer or director
of its General Partner.During 2008, the following transactions occurred between the Partnership and the General
Partner pursuant to the terms of the partnership agreement.
 (1)
    
    The General Partner earned $6,501 as its one percent share of the net income of
the Partnership.(2)
    
    The General Partner received $6,042 in distributions relating to its one percent
interest in the Partnership.
 (b)
    
    During 2008, the Partnership had no business relationships with any entity of a type required
to be reported under this item.(c)
    
    Neither the General Partner, any director or officer of the General Partner, or any associate
of any such person, was indebted to the Partnership at any time during 2008 for any amount.(d)
    
    Not applicable.
 
 Item 14. Principal Accountant Fees and Services
  2008
    
    
    2007Audit Fees
    
    $
    17,779
    
    
    $
    14,330Audit-Related Fees
    
    
    0
    
    
    
    0Tax Fees
    
    
    0
    
    
    
    0All Other Fees
    
    
    0
    
    
    
    0Total
    
    $
    17,779
    
    
    $
    14,330
  25




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PART IV
 
 Item 15. Exhibits and Financial Statement Schedules
 (a)(1)
    
    Financial StatementsIncluded in Part II of this report:Report of Independent Registered Public Accounting Firm 
Squar, Milner, Peterson, Miranda & Williamson, LLPBalance SheetsStatements of IncomeStatements of Partners EquityStatements of Cash FlowsNotes to Financial Statements(a)(2)
    
    Financial Statement ScheduleSchedule III  Real Estate and Accumulated DepreciationFinancial statement schedules other than those referred to above have been omitted because
they are not applicable or not required.(b)
    
    Reports on Form 8-KNone(c)
    
    Exhibits required by Item 601 of Regulation S-K:
 1.
    
    Incorporated herein by reference, Restated Certificate and Agreement of
Limited Partnership of Del Taco Restaurant Properties I filed as Exhibit 3.01 to
Partnerships Registration Statement on Form S-11 as filed with the Securities and
Exchange Commission on December 17, 1982.2.
    
    Incorporated herein by reference, Amendment to Restated Certificate and
Agreement of Limited Partnership of Del Taco Restaurant Properties I.3.
    
    Incorporated herein by reference, Form of Standard Lease to be entered into
by partnership and Del Taco LLC, as lessee, filed as Exhibit 10.02 to Partnerships
Registration Statement on Form S-11 as filed with the Securities and Exchange
Commission on December 17, 1982.31.1
    
    Paul J.B. Murphy, IIIs Certification Pursuant to Section 302 of the Sarbanes-Oxley
Act of 200231.2
    
    Steven L. Brakes Certification Pursuant to Section 302 of the Sarbanes-Oxley Act
of 200232.1
    
    Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 
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##### Table of Contents



DEL TACO RESTAURANT PROPERTIES I
SCHEDULE III  REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2008
 Cost capitalized
    
    Gross amount atInitial cost
    
    subsequent to
    
    which carried atto company
    
    acquisition
    
    close of period
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on whichLand
    
    Building &
    
    
    
    
    
    Land, buildings &
    
    
    
    
    
    
    
    
    
    
    
    
    
    depreciation in latestDescription
    
    
    
    
    
    & land
    
    Improve-
    
    Carrying
    
    improvements
    
    Accumulated
    
    Date of
    
    Date
    
    income statement(All Restaurants)
    
    Encumbrances
    
    improvements
    
    ments
    
    costs
    
    Total
    
    depreciation
    
    construction
    
    acquired
    
    is computedRialto, CA
    
    $
    
    
    
    $
    274,837
    
    
    $
    150,310
    
    
    $
    
    
    
    $
    425,147
    
    
    $
    143,905
    
    
    
    1984
    
    
    
    1984
    
    
    20 (LI), 35 (BI)Moreno Valley, CA
    
    
    
    
    
    
    353,557
    
    
    
    193,362
    
    
    
    
    
    
    
    546,919
    
    
    
    185,121
    
    
    
    1985
    
    
    
    1985
    
    
    20 (LI), 35 (BI)La Verne, CA
    
    
    
    
    
    
    452,423
    
    
    
    247,433
    
    
    
    
    
    
    
    699,856
    
    
    
    236,886
    
    
    
    1985
    
    
    
    1985
    
    
    20 (LI), 35 (BI)Rancho Cucamonga, CA
    
    
    
    
    
    
    293,817
    
    
    
    160,690
    
    
    
    77,203
    
    
    
    531,710
    
    
    
    153,837
    
    
    
    1985
    
    
    
    1985
    
    
    20 (LI), 35 (BI)Sacramento, CA
    
    
    
    
    
    
    260,516
    
    
    
    142,478
    
    
    
    
    
    
    
    402,994
    
    
    
    136,408
    
    
    
    1985
    
    
    
    1985
    
    
    20 (LI), 35 (BI)Rancho Cucamonga, CA
    
    
    
    
    
    
    217,332
    
    
    
    118,861
    
    
    
    
    
    
    
    336,193
    
    
    
    113,800
    
    
    
    1985
    
    
    
    1985
    
    
    20 (LI), 35 (BI)$
    
    
    
    $
    1,852,482
    
    
    $
    1,013,134
    
    
    $
    77,203
    
    
    $
    2,942,819
    
    
    $
    969,957
 AccumulatedRestaurants
    
    DepreciationBalances at December 31, 2005:
    
    $
    2,865,616
    
    
    $
    883,113Additions
    
    
    
    
    
    
    28,948Retirements
    
    
    
    
    
    
    Balances at December 31, 2006:
    
    
    2,865,616
    
    
    
    912,061Additions
    
    
    
    
    
    
    28,948Retirements
    
    
    
    
    
    
    Balances at December 31, 2007:
    
    
    2,865,616
    
    
    
    941,009Additions
    
    
    77,203
    
    
    
    28,948Retirements
    
    
    
    
    
    
    Balances at December 31, 2008:
    
    $
    2,942,819
    
    
    $
    969,957
   27




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##### Table of Contents



SIGNATURES
  DEL TACO RESTAURANT PROPERTIES Ia California limited partnershipDel Taco LLCGeneral PartnerDate March 11, 2009
    
    Paul J.B. Murphy, III

Paul J.B. Murphy, IIIChief Executive OfficerDate March 11, 2009
    
    James W. Lyons

James W. LyonsChief Development OfficerDate March 11, 2009
    
    Steven L. Brake

Steven L. BrakeTreasurer
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##### Table of Contents



EXHIBIT INDEX
  Exhibit
    

Description1.
    
    Incorporated herein by reference,
Restated Certificate and Agreement of Limited Partnership of
Del Taco Restaurant Properties  I filed as Exhibit 3.01 to Partnerships Registration
Statement on Form S-11 as filed with the Securities and Exchange Commission on December
17, 1982.2.
    
    Incorporated herein by reference, Amendment to Restated Certificate and Agreement of Limited
Partnership of Del Taco Restaurant Properties I.3.
    
    Incorporated herein by reference, Form of Standard Lease to be entered into by
partnership and Del Taco LLC, as lessee, filed as Exhibit 10.02 to Partnerships
Registration Statement on Form S-11 as filed with the Securities and Exchange Commission
on December 17, 1982.31.1
    
    Paul J.B. Murphy, III Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
    
    Steven L. Brakes Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1
    
    Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 29