FIGURE 1-2

Location, Developer, and Governmental Status
Of the 58 New Communities Surveyed

<table><thead><tr><td>Community</td><td>Location</td><td>Original/Successive Developers</td><td>Governmental Status</td></tr></thead><tbody><tr><td>Aliso Viejo, California</td><td>50 miles southeast of Los Angeles</td><td>Mission Viejo Co. (subsidiary of Philip Morris)</td><td>Unincorporated; Orange County</td></tr><tr><td>Brandermill, Virginia</td><td>16 miles southwest of Richmond</td><td>Sea Pines Co.; East West Partners of Virginia</td><td>Unincorporated; Chesterfield County</td></tr><tr><td>Briargate, Colorado</td><td>9 miles north of Colorado Springs</td><td>Vintage Development Co./Colrad Development Corp. (subsidiary of Columbia Savings)</td><td>Part of Colorado Springs</td></tr><tr><td>Cheyenne Mountain Ranch, Colorado</td><td>3 miles southwest of Colorado Springs</td><td>Gates Land Co. (subsidiary of Gates Corp.)</td><td>Part of Colorado Springs</td></tr><tr><td>Clear Lake City, Texas</td><td>23 miles southeast of Houston</td><td>Friendswood Development Company (subsidiary of Exxon)</td><td>Part of Houston/ Pasadena/Webster</td></tr><tr><td>Colorado City, Colorado</td><td>20 miles south of Pueblo</td><td>N.K. Mendelson; Colorado City Development Corp.; no master developer</td><td>Unincorporated; Pueblo County</td></tr><tr><td>Columbia, Maryland</td><td>20 miles southwest of Baltimore</td><td>Rouse Co. (Connecticut General/ CIGNA had an ownership interest)</td><td>Unincorporated; Howard County</td></tr><tr><td>Coral Springs, Florida</td><td>20 miles northwest of Ft. Lauderdale</td><td>Coral Ridge Properties (subsidiary of Westinghouse Electric)</td><td>Incorporated in 1963</td></tr><tr><td>Crowfield Plantation, South Carolina</td><td>16 miles north of Charleston</td><td>Westvaco Development Corp. (subsidiary of Westvaco Corp.)</td><td>Part of Goose Creek</td></tr><tr><td>Diamond Bar, California</td><td>30 miles east of Los Angeles</td><td>Transamerica Development Corp.</td><td>Incorporated in 1989</td></tr><tr><td>EastLake, California</td><td>16 miles southeast of San Diego</td><td>EastLake Development Co. (subsidiary of Lane Kuhn Pacific)</td><td>Part of Chula Vista</td></tr><tr><td>El Dorado Hills, California</td><td>25 miles east of Sacramento</td><td>Allan Lindsay & Co.; John Hancock Life Insurance Co.; El Dorado Hills Communities</td><td>Unincorporated; El Dorado County</td></tr><tr><td>First Colony, Texas</td><td>22 miles southwest of Houston</td><td>Ford Foundation; Sugarland Properties (Gerald D. Hines Interests/Royal Dutch Shell Pension Fund)</td><td>Unincorporated; Fort Bend County</td></tr><tr><td>Foster City, California</td><td>20 miles southeast of San Francisco</td><td>T. Jack Foster & Sons; Centex; no master developer</td><td>Incorporated in 1971</td></tr><tr><td>Green Valley, Nevada</td><td>8 miles southeast of Las Vegas</td><td>American Nevada Corp.</td><td>Part of Henderson</td></tr><tr><td>Harbison, South Carolina</td><td>10 miles northwest of Columbia</td><td>Harbison Development Corp.; Harbison Group</td><td>Unincorporated; Richland and Lexington counties</td></tr><tr><td>Highlands Ranch, Colorado</td><td>12 miles south of Denver</td><td>Mission Viejo Co. (subsidiary of Philip Morris)</td><td>Unincorporated; Douglas County</td></tr><tr><td>Homestead, Villages of, Florida</td><td>32 miles south of Miami</td><td>Homestead Properties</td><td>Part of Homestead</td></tr><tr><td>Horizon City, Texas</td><td>19 miles east of El Paso</td><td>Horizon Land Corp.; Knapp Brothers</td><td>Incorporated in 1988</td></tr><tr><td>Irvine, California</td><td>40 miles southeast of Los Angeles</td><td>Irvine Co.</td><td>Incorporated in 1971, plus portions in Newport Beach</td></tr></tbody></table>

FIGURE 1-2

5

<table><thead><tr><td>Community</td><td>Location</td><td>Original/Successive Developers</td><td>Governmental Status</td></tr></thead><tbody><tr><td>Jonathan, Minnesota</td><td>26 miles southwest of Minneapolis</td><td>Jonathan Development Corp.; Land Tech.; Chaska Investment Ltd. Partnership</td><td>Part of Chaska</td></tr><tr><td>Ken-Caryl Ranch, Colorado</td><td>18 miles southwest of Denver</td><td>Manville Corp.; no master developer</td><td>Unincorporated; Jefferson County</td></tr><tr><td>Kingwood, Texas</td><td>22 miles northeast of Houston</td><td>Friendswood Development Co. (subsidiary of Exxon)</td><td>Unincorporated; Harris County</td></tr><tr><td>Laguna Niguel, California</td><td>50 miles southeast of Los Angeles</td><td>Cabot Cabot &amp; Forbes; Avco Community Developers; no master developer</td><td>Incorporated in 1989</td></tr><tr><td>Lake Havasu City, Arizona</td><td>150 miles south of Las Vegas</td><td>McCulloch Properties (subsidiary of McCulloch Oil Corp.); MCO Properties (name change)</td><td>Incorporated in 1978</td></tr><tr><td>Lakeway, Texas</td><td>20 miles northwest of Austin</td><td>Lakeway Co.</td><td>Incorporated in 1974</td></tr><tr><td>Las Colinas, Texas</td><td>10 miles northwest of Dallas</td><td>Crockett Co.; Southland Financial Corp.; Teachers/JMB Prop./ Carpenter Family</td><td>Part of Irving</td></tr><tr><td>Litchfield Park, Arizona</td><td>16 miles west of Phoenix</td><td>Goodyear Tire and Rubber; SunCor Development Co.</td><td>Incorporated in 1987</td></tr><tr><td>Maumelle, Arkansas</td><td>12 miles northwest of Little Rock</td><td>Maumelle Land Development (Jess Odom); Maumelle Co.</td><td>Incorporated in 1985</td></tr><tr><td>Miami Lakes, Florida</td><td>15 miles north of Miami</td><td>Sengra Development Corp. (Graham Family); The Graham Companies (name change)</td><td>Unincorporated; Dade County</td></tr><tr><td>Mission Viejo, California</td><td>50 miles southeast of Los Angeles</td><td>Mission Viejo Co. (subsidiary of Philip Morris)</td><td>Incorporated in 1988</td></tr><tr><td>Montgomery Village, Maryland</td><td>28 miles northwest of Washington, D.C.</td><td>Kettler Brothers</td><td>Unincorporated; Montgomery County</td></tr><tr><td>Oak Harbor (Eden Isles), Louisiana</td><td>30 miles east of New Orleans</td><td>Leisure, Inc.; Security Pacific Bank; Landmark Land Co.</td><td>Unincorporated; St. Tammany Parish</td></tr><tr><td>Palm Coast, Florida</td><td>32 miles north of Daytona Beach</td><td>ITT Community Development Corp.</td><td>Unincorporated; Flagler County</td></tr><tr><td>Paradise Hills, New Mexico</td><td>12 miles west of Albuquerque</td><td>Horizon Land Corp.; no master developer</td><td>Unincorporated; Bernalillo County</td></tr><tr><td>Peachtree City, Georgia</td><td>29 miles south of Atlanta</td><td>Fayette Community Development Corp.; Bessemer Securities; Peachtree City Development Corp. (Equitable Life Assurance Co.)</td><td>Incorporated in 1959</td></tr><tr><td>Poinciana, Florida</td><td>20 miles south of Orlando</td><td>GAC; Avatar</td><td>Unincorporated; Orange County</td></tr><tr><td>Port LaBelle, Florida</td><td>28 miles east of Ft. Myers</td><td>General Development Corp.</td><td>Unincorporated; Hendry County</td></tr><tr><td>Radisson, New York</td><td>16 miles northwest of Syracuse</td><td>New York State Urban Development Corp.</td><td>Part of Lysander</td></tr><tr><td>Rancho Bernardo, California</td><td>25 miles north of San Diego</td><td>Hawn &amp; Summers; Avco Community Developers; no master developer</td><td>Part of San Diego</td></tr></tbody></table>

FIGURE 1-2 Continued

<table><thead><tr><th>Community</th><th>Location</th><th>Original/Successive<br>Developers</th><th>Governmental<br>Status</th></tr></thead><tbody><tr><td>Jonathan, Minnesota</td><td>26 miles southwest<br>of Minneapolis</td><td>Jonathan Development Corp.; Land<br>Tech.; Chaska Investment Ltd. Part-<br>nership</td><td>Part of Chaska</td></tr><tr><td>Ken-Caryl Ranch,<br>Colorado</td><td>18 miles southwest of Denver</td><td>Manville Corp.; no master developer</td><td>Unincorporated;<br>Jefferson County</td></tr><tr><td>Kingwood, Texas</td><td>22 miles northeast of Houston</td><td>Friendswood Development Co.<br>(subsidiary of Exxon)</td><td>Unincorporated;<br>Harris County</td></tr><tr><td>Laguna Niguel, California</td><td>50 miles southeast<br>of Los Angeles</td><td>Cabot Cabot &amp; Forbes; Avco Commu-<br>nity Developers; no master developer</td><td>Incorporated in 1989</td></tr><tr><td>Lake Havasu City, Arizona</td><td>150 miles south of Las Vegas</td><td>McCulloch Properties (subsidiary of<br>McCulloch Oil Corp.); MCO Proper-<br>ties (name change)</td><td>Incorporated in 1978</td></tr><tr><td>Lakeway, Texas</td><td>20 miles northwest of Austin</td><td>Lakeway Co.</td><td>Incorporated in 1974</td></tr><tr><td>Las Colinas, Texas</td><td>10 miles northwest of Dallas</td><td>Crockett Co.; Southland Financial<br>Corp.; Teachers/JMB Prop./<br>Carpenter Family</td><td>Part of Irving</td></tr><tr><td>Litchfield Park, Arizona</td><td>16 miles west of Phoenix</td><td>Goodyear Tire and Rubber; SunCor<br>Development Co.</td><td>Incorporated in 1987</td></tr><tr><td>Maumelle, Arkansas</td><td>12 miles northwest<br>of Little Rock</td><td>Maumelle Land Development<br>(Jess Odom); Maumelle Co.</td><td>Incorporated in 1985</td></tr><tr><td>Miami Lakes, Florida</td><td>15 miles north of Miami</td><td>Sengra Development Corp. (Graham<br>Family); The Graham Companies<br>(name change)</td><td>Unincorporated;<br>Dade County</td></tr><tr><td>Mission Viejo, California</td><td>50 miles southeast<br>of Los Angeles</td><td>Mission Viejo Co. (subsidiary of<br>Philip Morris)</td><td>Incorporated in 1988</td></tr><tr><td>Montgomery Village,<br>Maryland</td><td>28 miles northwest of<br>Washington, D.C.</td><td>Kettler Brothers</td><td>Unincorporated;<br>Montgomery County</td></tr><tr><td>Oak Harbor (Eden<br>Isles), Louisiana</td><td>30 miles east of New Orleans</td><td>Leisure, Inc.; Security Pacific Bank;<br>Landmark Land Co.</td><td>Unincorporated;<br>St. Tammany Parish</td></tr><tr><td>Palm Coast, Florida</td><td>32 miles north of<br>Daytona Beach</td><td>ITT Community Development Corp.</td><td>Unincorporated;<br>Flagler County</td></tr><tr><td>Paradise Hills, New<br>Mexico</td><td>12 miles west of Albuquerque</td><td>Horizon Land Corp.; no master<br>developer</td><td>Unincorporated;<br>Bernalillo County</td></tr><tr><td>Peachtree City, Georgia</td><td>29 miles south of Atlanta</td><td>Fayette Community Development<br>Corp.; Bessemer Securities;<br>Peachtree City Development Corp.<br>(Equitable Life Assurance Co.)</td><td>Incorporated in 1959</td></tr><tr><td>Poinciana, Florida</td><td>20 miles south of Orlando</td><td>GAC; Avatar</td><td>Unincorporated;<br>Orange County</td></tr><tr><td>Port LaBelle, Florida</td><td>28 miles east of Ft. Myers</td><td>General Development Corp.</td><td>Unincorporated;<br>Hendry County</td></tr><tr><td>Radisson, New York</td><td>16 miles northwest of<br>Syracuse</td><td>New York State Urban Develop-<br>ment Corp.</td><td>Part of Lysander</td></tr><tr><td>Rancho Bernardo,<br>California</td><td>25 miles north of San Diego</td><td>Hawn &amp; Summers; Avco Community<br>Developers; no master developer</td><td>Part of San Diego</td></tr></tbody></table>

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<table><thead><tr><td>Community</td><td>Location</td><td>Original/Successive Developers</td><td>Governmental Status</td></tr></thead><tbody><tr><td>Rancho Santa Margarita, California</td><td>60 miles southeast of Los Angeles</td><td>Santa Margarita Co. (O'Neill Family)/Copley Real Estate (New England Life)</td><td>Unincorporated; Orange County</td></tr><tr><td>Redwood Shores, California</td><td>22 miles southeast of San Francisco</td><td>Leslie Properties; Mobil Land Development; Redwood Shores Properties (KG Land Corp./First City Development)</td><td>Part of Redwood City</td></tr><tr><td>Reston, Virginia</td><td>20 miles west of Washington, D.C.</td><td>Robert E. Simon; Gulf Oil; Mobil Land Development (subsidiary of Mobil Oil)</td><td>Unincorporated; Fairfax County</td></tr><tr><td>Riverchase, Alabama</td><td>10 miles south of Birmingham</td><td>Harbert Properties/Equitable Life Assurance Co.</td><td>Part of Hoover</td></tr><tr><td>Riverton, New York</td><td>15 miles south of Rochester</td><td>Riverton Properties; Fabercon</td><td>Part of Henrietta</td></tr><tr><td>St. Charles, Maryland</td><td>25 miles south of Washington, D.C.</td><td>St. Charles City, Inc.; Interstate General Co.</td><td>Unincorporated; Charles County</td></tr><tr><td>San Antonio Ranch, Texas</td><td>23 miles northwest of San Antonio</td><td>San Antonio Ranch Ltd. Partnership (Robert Horts)</td><td>Unincorporated; Bexar County</td></tr><tr><td>Shenandoah/White Oak, Georgia</td><td>35 miles southwest of Atlanta</td><td>Shenandoah Development, Inc.; no master developer</td><td>Unincorporated; Coweta County</td></tr><tr><td>Silver Springs Shores, Florida</td><td>6 miles southeast of Ocala</td><td>AMREP; General Development Corp.</td><td>Unincorporated; Marion County</td></tr><tr><td>Stanford Ranch (Sunset City), California</td><td>25 miles northeast of Sacramento</td><td>Sunset International Petroleum; Kaufman &amp; Broad Family Trust</td><td>Part of Rockland</td></tr><tr><td>Tampa Palms, Florida</td><td>18 miles northeast of Tampa</td><td>Gulfstream Land Development Corp.; CitiBank/Bank of Boston</td><td>Part of Tampa</td></tr><tr><td>Temecula (Rancho California), California</td><td>60 miles north of San Diego</td><td>Kaiser Development Co. (subsidiary of Kaiser Aluminum); Rancho California Development Co. (subsidiary of Bedford Properties)</td><td>Incorporated in 1989</td></tr><tr><td>University Park (Park Forest South), Illinois</td><td>38 miles south of Chicago</td><td>New Community Enterprise (Manilow &amp; U.S. Gypsum); no master developer</td><td>Incorporated in 1967</td></tr><tr><td>Valencia, California</td><td>30 miles northwest of Los Angeles</td><td>Newhall Land and Farming Company</td><td>Part of Santa Clarita</td></tr><tr><td>Westlake Village, California</td><td>42 miles west of Los Angeles</td><td>American-Hawaiian Steamship Co.; Prudential Insurance Co.; no master developer</td><td>Incorporated in 1981, plus portions in Thousand Oaks</td></tr><tr><td>Weston, Florida</td><td>15 miles west of Ft. Lauderdale</td><td>Arvida/JMB Partners</td><td>Unincorporated; Broward County</td></tr><tr><td>Windward, Georgia</td><td>30 miles north of Atlanta</td><td>Mobil Land Development Corp. (subsidiary of Mobil Oil)</td><td>Part of Alpharetta</td></tr><tr><td>The Woodlands, Texas</td><td>27 miles north of Houston</td><td>Mitchell Energy &amp; Development Corp.</td><td>Unincorporated; Montgomery County</td></tr></tbody></table>

FIGURE 1-2 Continued

<table><thead><tr><th>Community</th><th>Location</th><th>Original/Successive<br>Developers</th><th>Governmental<br>Status</th></tr></thead><tbody><tr><td>Rancho Santa Margarita,<br>California</td><td>60 miles southeast<br>of Los Angeles</td><td>Santa Margarita Co. (O'Neill<br>Family)/Copley Real Estate (New<br>England Life)</td><td>Unincorporated;<br>Orange County</td></tr><tr><td>Redwood Shores,<br>California</td><td>22 miles southeast<br>of San Francisco</td><td>Leslie Properties; Mobil Land<br>Development; Redwood Shores<br>Properties (KG Land Corp./First<br>City Development)</td><td>Part of Redwood City</td></tr><tr><td>Reston, Virginia</td><td>20 miles west of<br>Washington, D.C.</td><td>Robert E. Simon; Gulf Oil; Mobil<br>Land Development (subsidiary of<br>Mobil Oil)</td><td>Unincorporated;<br>Fairfax County</td></tr><tr><td>Riverchase, Alabama</td><td>10 miles south of<br>Birmingham</td><td>Harbert Properties/Equitable Life<br>Assurance Co.</td><td>Part of Hoover</td></tr><tr><td>Riverton, New York</td><td>15 miles south of Rochester</td><td>Riverton Properties; Fabercon</td><td>Part of Henrietta</td></tr><tr><td>St. Charles, Maryland</td><td>25 miles south of<br>Washington, D.C.</td><td>St. Charles City, Inc.; Interstate<br>General Co.</td><td>Unincorporated;<br>Charles County</td></tr><tr><td>San Antonio Ranch,<br>Texas</td><td>23 miles northwest<br>of San Antonio</td><td>San Antonio Ranch Ltd.<br>Partnership (Robert Horts)</td><td>Unincorporated;<br>Bexar County</td></tr><tr><td>Shenandoah/White<br>Oak, Georgia</td><td>35 miles southwest of Atlanta</td><td>Shenandoah Development, Inc.; no<br>master developer</td><td>Unincorporated;<br>Coweta County</td></tr><tr><td>Silver Springs Shores,<br>Florida</td><td>6 miles southeast of Ocala</td><td>AMREP; General Development Corp.</td><td>Unincorporated;<br>Marion County</td></tr><tr><td>Stanford Ranch (Sunset<br>City), California</td><td>25 miles northeast of<br>Sacramento</td><td>Sunset International Petroleum;<br>Kaufman &amp; Broad Family Trust</td><td>Part of Rockland</td></tr><tr><td>Tampa Palms, Florida</td><td>18 miles northeast of Tampa</td><td>Gulfstream Land Development Corp.;<br>CitiBank/Bank of Boston</td><td>Part of Tampa</td></tr><tr><td>Temecula (Rancho<br>California), California</td><td>60 miles north of San Diego</td><td>Kaiser Development Co. (subsidiary<br>of Kaiser Aluminum); Rancho Califor-<br>nia Development Co. (subsidiary of<br>Bedford Properties)</td><td>Incorporated in 1989</td></tr><tr><td>University Park (Park<br>Forest South), Illinois</td><td>38 miles south of Chicago</td><td>New Community Enterprise<br>(Manilow &amp; U.S. Gypsum); no master<br>developer</td><td>Incorporated in 1967</td></tr><tr><td>Valencia, California</td><td>30 miles northwest<br>of Los Angeles</td><td>Newhall Land and Farming Company</td><td>Part of Santa Clarita</td></tr><tr><td>Westlake Village,<br>California</td><td>42 miles west of Los Angeles</td><td>American-Hawaiian Steamship Co.;<br>Prudential Insurance Co.; no master<br>developer</td><td>Incorporated in 1981,<br>plus portions in<br>Thousand Oaks</td></tr><tr><td>Weston, Florida</td><td>15 miles west of<br>Ft. Lauderdale</td><td>Arvida/JMB Partners</td><td>Unincorporated;<br>Broward County</td></tr><tr><td>Windward, Georgia</td><td>30 miles north of Atlanta</td><td>Mobil Land Development Corp.<br>(subsidiary of Mobil Oil)</td><td>Part of Alpharetta</td></tr><tr><td>The Woodlands, Texas</td><td>27 miles north of Houston</td><td>Mitchell Energy &amp; Development Corp.</td><td>Unincorporated;<br>Montgomery County</td></tr></tbody></table>

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