<Project
xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
<ItemGroup>
<Example Include="Item1">
<Color>Blue</Color>
</Example>
<Example Include="Item2">
<Color>Red</Color>
</Example>
</ItemGroup>
<Target Name="RunMyTask">
<MyTask
Sources = "@(Example)"
Output = "%(Color)\MyFile.txt"/>
</Target>
</Project>