SA Resolution 2012-001RESOLUTION NO. SA 2012 - 001
A RESOLUTION OF THE CITY OF LA QUINTA ACTING
AS THE SUCCESSOR AGENCY TO LA QUINTA
REDEVELOPMENT AGENCY ADOPTING THE DRAFT
RECOGNIZED ENFORCEABLE OBLIGATION PAYMENT
SCHEDULE
WHEREAS, the City Council of the City of La Quinta ("City Council" or "City,"
as applicable) approved and adopted (i) the Redevelopment Plan for La Quinta Project
Area No. 1 ("Project Area No. 1" or "Project Area No. 1 Redevelopment Plan," as
applicable) on November 29, 1983, by Ordinance No. 43, as amended on December
20, 1994, by Ordinance No. 258, on August 19, 2003, by Ordinance No. 388, and on
March 16, 2004, by Ordinance No. 402; and (ii) the Redevelopment Plan for La Quinta
Redevelopment Project Area No. 2 ("Project Area No. 2" or "Project Area No. 2
Redevelopment Plan," as applicable) on May 16, 1989, by Ordinance No. 139, as
amended on December 20, 1994, by Ordinance No. 259, on February 3, 2004, by
Ordinance No. 399, on March 16, 2004, by Ordinance No. 403, and on March 16,
2004, by Ordinance No. 404; and
WHEREAS, the La Quinta Redevelopment Agency ("Agency") was engaged
in activities to execute and implement the Project Area No. 1 Redevelopment Plan
and the Project Area No. 2 Redevelopment Plan (collectively, the "Redevelopment
Plans") pursuant to the provisions of the California Community Redevelopment Law
(Health and Safety Code § 33000, et seq.) ("CRL"); and
WHEREAS, as part of the 2011-12 State budget bill, the California
Legislature enacted and the Governor signed, companion bill ABx1 26 requiring that
each redevelopment agency be dissolved; and
WHEREAS, an action challenging the constitutionality of ABx1 26 and ABx1
27 has been filed in the California Supreme Court by the California Redevelopment
Association, the League of California Cities, and two individual cities; and
WHEREAS, on December 29, 2011, the Court upheld ABx1 26; and
WHEREAS, Health and Safety Code Section 34169 requires successor
agencies to prepare and adopt a "Draft Recognized Enforceable Obligation Payment
Schedule" that lists all obligations of the former redevelopment agency that are
enforceable within the meaning of subdivision (d) of Section 34167 for the period
of January 2012 through June 2012; and
Resolution No. SA 2012-001
Adoption of Recognized Enforceable Obligations Payment Schedule
Adopted: February 21, 2012
Page 2
WHEREAS, Health & Safety Code Section 34169 requires redevelopment
agencies to provide the "draft enforceable obligation payment schedule" to the
Successor Agency, so that pledges of revenues associated with enforceable
obligations of the former redevelopment agencies are honored; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution
have occurred.
NOW THEREFORE, BE IT RESOLVED, by the City of La Quinta Acting as the
Successor Agency to the La Quinta Redevelopment Agency, as follows:
Section 1. Recitals. The Recitals set forth above are true and correct and
incorporated herein by reference.
Section 2. Adoption of a. Draft Recognized Enforceable Obligation Payment
Schedule. In order to enable the City of La Quinta as Successor Agency to strictly
comply with ABx1 26, and.based on the Recitals set forth above, the Successor
Agency hereby adopts the Schedule attached hereto as Exhibit A as the Draft
Recognized Enforceable Obligation Payment Schedule. Pursuant to Health & Safety
Section 341731e1, the Successor Agency's liability, including, but not limited to, its
liability for the obligations on the attached schedule is limited to the total sum of
property tax revenues it receives pursuant to Part 1.85 of AB x1 26.
Section 3. Implementation. The Successor Agency hereby authorizes and directs
the Interim Executive Director to take any action and execute any documents
necessary to implement this Resolution, and further authorizes the Interim
Executive Director to forward the Draft Enforceable Obligation Payment Schedule
to the Oversight Board.
Section 4. Severability. If any provision of this Resolution or the application
thereof to any person or circumstance is held invalid, such invalidity shall not affect
other provisions or applications of this Resolution which can be given effect
without the invalid provision or application, and to this end the provisions of this
Resolution are severable. The Successor Agency hereby declares that it would
have adopted this Resolution irrespective of the invalidity of any particular portion
thereof.
PASSED, APPROVED, AND ADOPTED at the meeting of the City of La
Quinta Acting as the Successor Agency to the La Quinta Redevelopment Agency
held this 21 st of February, 2012, by the following vote, to wit:
Resolution No. SA 2012-001
Adoption of Recognized Enforceable Obligations Payment Schedule
Adopted: February 21, 2012
Page 3
AYES: Agency Members Evans, Franklin, Henderson, Osborne, Chair Adolph
NOES: None
ABSENT: None
ABSTAIN: None
Don Adol h, May r
City of La Quinta Acting as Successor
Agency to the La Quinta Redevelopment
Agency
ATTEST:
is�_ V h��
SUSAN MAYSELS, InterWn Secretary
City of La Quinta Acting as Successor Agency
To the La Quinta Redevelopment Agency
(AGENCY SEAL)
APPROVED AS TOl FORM:
W. KAItHLRINE JE S¢N Successor Agency Counsel
City of La Quinta Ing as Successor Agency
To the La Quinta Redevelopment Agency
EXHIBIT A
Name of Redevelopment Agency: La Quinta Redevelopment Agency
Project Area(s) No.1
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS)
For Fiscal Year 2011.2012
Per ABx126 - Health & Safety Code Section 34167, 34169 & 34177
Outstanding
30uroe
P ymeem
Project Name/
Debt or
Payments by month
Jan'12
Feb'12
March'12
April'12
May'12
June'12
Total
Debt Obligation
Payee
Description
Obligation
Professional
Rosenow
Professional Services
Services Agreement
Spevacek Group,
Agreement to implement
for Housing and
Inc.
AB x1 26
1)
Economic
Development
Programs
FY 2011-2012
$193,000
"C,E
1$30,000
$25.000
$25,000
1$25,000
$25,000
j$25,000
$155,000
Affordable Housing
Rosenow
Professional Services
Compliance
Spevacek Group,
Agreement to carry out
Monitoring
Inc.
activities related to
affordable housing
2)
compliance monitoring.
This task is included in
the agreement listed as
FY 2011-2012
1)
$110,000
"A,E
1
$5,000
$5,000
1$5,000
$5,000
1$5,000
$25,000
Amended Agreement
Rutan & Tucker
Legal expenses related to
3)
for Contract Legal
implementation of ABx1
Services
26
FY 2011-2012
$211,650
"C,E
$50,000
$48,800
$48,800
$48,800
$48,800
$43,400
$288,600
Agreement for Home
La Quinta Palms
Purchase and
Purchase and
Realty
rehabilitation of blighted
Rehabilitation
foreclosed homes for
4)
Program
rental or resale to income
qualified tenantstbuyers
$3,200,000
"A,E
J$200,000
J$200,000
$200,000
$200,000
$200,000
$1,000,000
Page 1 of 12
Outstanding
50umeo
Project Name/
Debt or
Payment
(See
Payments by month
Jan'12
Feb'12
March'12
April'12
May'12
June'12
Total
Debt Obligation
Payee
Description
Obli ation
pndl
Home Purchase and
City of La Quinta
Project Management
Rehabilitation
Costs -Staff Time, Non-
Program
Personnel
4a)
$2,710 for
period covered
by this ROPS
"A,E
$542
$542
$542
$542
$542
$2,710
Home Purchase and
Rutan & Tucker
Project Management
Rehabilitation
Costs -Legal
Program
4b)
$6,000 for
period covered
by this ROPS
"A,E
$1,200
$1,200
$1,200
$1,200
$1,200
$6,000
Agreement for
Habitat for
Program will require a
Construction of
Humanity
total expenditure of up to
mutual self help
$1,100,000 for five
homes to provide
homes to be constructed
5)
affordable housing
over five fiscal years for
Low- and Moderate-
Fy 2013.2014
Income Housing qualified
to 2017-2016
buyers.
$1,100,000
E
$0
Habitat for Humanity
City of La Quinta
Project Management
Agreement
Costs -Staff Time, Non-
5a)
Personnel
None for period
covered by this
ROPS
E
$0
Habitat for Humanity
Rutan & Tucker
Project Management
Agreement
Costs -Legal, preparation
5b)
of required loan and legal
None for period
documents
covered by this
ROPS
E
$0
SilverRock Resort
RBF Consutting
Design and engineering
Infrastructure Design
of infrastructure to
6)
and Engineering
support development of
SilverRock Resort
$759,875.00
"B,E
$25,000
$25,000
$50,000
Page 2 of 12
FX
Outstanding
ouroe
Project Name/
Debt or
Payment I
See
Payments by month
Jan'12
Feb'12
March'12
April'12
May'12
June'12
Total
Debt Obligation
Payee
Description
Obligation
Domestic Water &
Coachella Valley
Future infrastructure
Sanitation System
Water District
improvements required
Installation and
for development of
irrigation Agreement
SilverRock Resort by
7)
for SilverRook Resort
Domestic Water &
Development
Sanitation System
Installation and Irrigation
Agreement
$14,825,644
E
$0
Written Agreement
City of La Quints
Reimbursement of costs
Updating Prior
for staff and overhead
Agreements Between
related to City staffs
the City of La Quinta
implementation of
and the La Quinta
Redevelopment Plan
Redevelopment
(housing and non -
Agency Regarding
housing combined)
8)
Rental charges for
Use of City Hall and
Allocation of
Overhead and
Administrative Costs
$40,825,152
" C,E
$190,343
$190,343
$190,343
$190,343
$190,343
$190,345
$1,142,060
Written Agreement
City of La Quinta
Rental payment for use of
Updating Prior
City Hall
Agreements Between
the City of La Quinta
and the La Quinta
Redevelopment
Agency regarding
9)
Rental Charges for
Use of City Hall and
Allocation of
Overhead and
Administrative Costs
For FY 2011-
2012
$1,074,348
1 "C,E
1$89,529
1$89,529 1$89,529
$89,529
1$89,529
$89,529
1537,174
Grand Total for PA 1
$359,872
$560,414
$560,414
$560,414
$585,414
$580,016
$3,206,544
Page 3 of 12
W
FX
Project Name/
Outstanding
Debt or
UGUMS of
P cr
Payments by month
DebtObligadon
Payee
Description
Obli ation
(So
Jan'12
Feb'12
March'12
April'12
M '12
June'12
Total
THE FUNDING FOR THE PAYMENT WAS ADVANCED FROM
THE ACCOUNT LISTED BEFORE THE COMMA. THE
SUCCESSOR AGAECY'S POSITION IS THAT THESE
PAYMENTS SHOUD BE FROM THE REDEVELOPMENT
PROPERTY TAX TRUST FUNDITAX INCREMENT (SOURCE OF
PAYMENT E), BUT DUE TO THE TIMING OF THE PAYMENT,
FUNDS FROM THAT SOURCE WERE NOT MADE AVAILABLE
TO THE SUCCESSOR AGENCY.
A Low and Moderate Housing Furls
B Bond Proceeds
C Reserve Balances
D Administrative Cost Allowance
E Redevelopment Pro" Tax That Fund/Tax
Increment
n
Page 4 of 12
Name of Redevelopment Agency: La Quints Redevelopment Agency
Project Area(s) No.2
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE (BOPS)
For Fiscal Year 2011.2012
Total
Sourceof
Outstanding
Payment
Payments by month
Project Name/Debt
Debt or
(See
Obligation
Payee
Description
Obligation
Legend)Jan'12
Feb'12
March'12
Apol'12
May 12
June'12
Total
Professional
Rosenow
Professional Services Agreement
Services Agreement
Spevacek Group,
implement AB x126
for Housing and
Inc.
Economic
1)
Development
Programs
FY 2011-2012
$403,000
"C,E
$30,000
$24,000
1$24,000
$24,000
1$24,000
$24,000
J$150,000
Amended Agreement
Rutan 8 Tucker
Legal expenses related to
for Contract Legal
implementation of ABx1 26
Services
2)
FY 2011-2012
$571,000
" C,E
$40,000
$36,880
$36,880
$36,880
$36,880
$36,880
$224,400
Tone Nissan Owner
Mega Dealer
Investment to upgrade and
Participation
LLCIRoberl N. La
expand auto dealership facilities
Agreement
Torte, Inc.
(monthly figures are estimates
based on OPA Schedule of
3)
Performance)
$1,500,000
'B,E
$180,000
$180,000
$180,000
$200,000
1$220,000
$140,000
$1,100,000
Tone Nissan Owner
City of La Quints
Project Management Costs -Stall
Participation
Time, Non -Personnel
Agreement
3a)
Ongoing
"GE
$1,043
$1,043
$1,043
$1,044
$1.043
$5,216
Page 5 of 12
Total
Source of
Outstanding
Payment
P mend montil
aY by
ProjectName/Debt
Debtor
(See
Obligation
P
Description
Obl` atibn
L n
Jan'12
Feb'12
March'12
April '12
May 12
June '12
Total
Torre Nissan Owner
Rutan & Tucker
Project Management Costs -Legal
Participation
Agreement
3b)
Ongoing
"C,E
$720
$720
$720
$720
$720
$3,600
Torre Nissan Owner
Rosenow
Project Management Costs -
Participation
Spevacek Group,
Consulting Services
Agreement
Inc
3c)
Ongoing
"C,E
$2,000
$2,000
$2,000
$2,000
$2,000
$10,000
Coral Mountain
Coral Mountain
Construction of 176 affordable
Partners Disposition
Partners, LLC
units (monMy figures are
and Development
estimates based on DDA
4)
Agreement
Schedule of Perrormance)
$29,000,000
A, E
$235,469
$235,469
$235,469
$235,469
$235.469
$235,469
$1,412,814
Coral Mountain
City of La Quinta
Project Management Costs - Staff
'
Partners Disposition
Time, Non -Personnel
4a)
and Development
Agreement
Ongoing
"A,E
$2,238
$2,238
$2,238
$2,237
$2,237
$11,188
Coral Mountain
Rutan BTudier
Project Management Costs -
Partners Disposition
Legal
4b)
and Development
Agreement
Ding
I "A,E
I
I$1.2D0
$1,200
1$1,200
IS1.2DO
l$1,2D0
I56,000
Coral Mountain
Rosenow
Project Management Costs -
PaMers Disposition
Spevacek Group,
Consulting Services
4c)
and Development
Inc
Agreement
Ongoing
"A,E
$4,000
$4,000
$4,000
$4,000
$4,000
$20,000
Page 6d 12
Total
Source of
Outstanding
Payment
Payments by month
I
Project NamelDebt
Debt or
(See
Obli ation
Payee
Description
Obligation
Legend)
Jan712
Feb'12
March'12
April'12
May 12
1 June'12
Total
Development and
Rosenow
Rehabilitation of 30 year -old units
Implementation
Spevacek Group,
and construction of new units for
Services Contract for
Inc.
a very -low income senior and
5)
Washington Street
special needs housing complex
Apartments
Rehabilitation Project
$1,471,200.00
"A,E
$70,000
$80,000
$80,000
$90,000
$100,000
$100,000
$520,000
Construction of
La Quints
Written commitment to US
Washington Street
Housing Authority
Department of Agriculture Rural
Apartments Site
Development to Rehabilitate 8
Improvements &
Construct Improvements to
Rehabilitation
Washington Street Apartments
6)
$18,906,474
"B,E
$750,000
$750,000
$750,000
$750,000
$750,000
$3,750,000
Washington Street
City of La Quints
Project Management Costs - Staff
Apartments
Time, Non -Personnel
6a)
Rehabilitation Project
Ongoing
"A,E
$3,217
$3,217
$3,217
$3,217
$3,218
$16,086
Washington Street
Rutan 8 Tucker
Project Management Costs -
Apar6nents
Legal
6b)
Rehabilitation Project
Ongoing
"A,E
$1,200
1$1,200
$1,200
$1,200
$1,200
$6,000
Written Agreement
City of La Quints
Reimbursement of costs for staff
Updating Prior
and overhead related to City
Agreements Between
staffs implementation of
the City of La Quints
Redevelopment Plan (housing
and the La Quints
and non -housing combined)
Redevelopment
Agency Regarding
7)
Rental charges for
Use of City Hall and
Allocation of
Overhead and
Administrative Costs
FY 2011-2012
$539,124
"C,E
$44,927
$44,927
$44,927
$44,927
$44,927
$44,927
$269,562
Page 7 of 12
Total
Sourceuf
Outstanding
payment
P aY by rM
Payments mo
Project NemelDebt
Debtor
Obligation
Payee
Description
Obligation
L(seed
Jan'12
Feb'12
March'12
April '12
MaV 12
June '12
Total
Written Agreement
City of La Quints
Rental paynentfor use of City
Updating Prior
Hall
Agreemenbs Between
the City of La Quints
and the La Quiinta
Redevelopment
Agency regarding
8)
Rental Charges for
Use of City Hall and
Allocation of
Overhead and
Administrative Cost
FY 2011.2012
$1,074,268
"C,E
$89,529
$89,529
$89,529
$89,529
$89.529
$89,529
$537,174
6reW4 TOMB for PA 2 -
$689,925
$1,456,423
$1,4 ,423
$1,486,423
$1,516,423
$1,436,423
$8042,040
•a
THE FUNDING FOR THE PAYMENT WAS ADVANCED FROM THE
ACCOUNT LISTED BEFORE THE COMMA. THE SUCCESSOR
AGENCY'S POSITION IS THAT THESE PAYMENTS SHOULD BE FROM
THE REDEVELOPMENT PROPERTY TAX TRUST FUNDTTAX
INCREMENT (SOURCE OF PAYMENT E), BUT DUE TO THE TIMING OF
THE PAYMENTS, FUNDS FROM THAT SOURCE WERE NOT MADE
AVAILABLE TO THE SUCCESSOR AGENCY.
Lax and Moderate Horsing Funds
Bond Proceeds
Reserve Balances
Administrative Cost Albwance
Redersbpmem Property Tax True Fundlrac Inurement
sr -pursuant b AB 26, Section 34177 (1)(1)(F)
Pegs 8 of 12
Name of Redevelopment Agency: La Ouirda Redevelopment Agency
Project Area(s) No. 1 and No. 2
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
For Fiscal Year 2011-2012
Total
Source of
Outstanding
Payment
Payments by month
Project Name(Debt
Debtor
(See
Obligation
Payee
Description
ObligationLegend)
Jan'12
Feb'12
March'12
April'12
May'12
June'12
Total
1994 Taxable
US Bank
Bonds to fund projects
1)
Allocation Bonds
'O,E
$90,155
§90,155
1998 Taxable
US Bank
Bonds to fund projects
2)
Allocation Bonds
'C,E
$551,463
$551,463
2001 Taxable
US Bank
Bonds to fund projects
3)
Allocation Bonds
'C,E
$1,215,360
$1,215,360
2002 Taxable
US Bank
Bonds to fund projects
4)
Allocation Bonds
'C,E
$871,341
$871,341
2003 Taxable
US Bank
Bonds to fund projects
5)
Allocation Bonds
'C,E
$719,378
$719,378
2004 Taxable
US Bank
Bonds to fund projects
Allocation Bonds,
6)
Loan Agreement &
First Supplemental
Loan Agreement
'C,E
$2,029,553
$2,029,553
2011 Taxable
US Bank
Bonds to fund projects
Allocation Bonds,
7)
Second Supplemental
Loan Agreement
'C,E
$1,086,884
$1,085,684
2011 Taxable
US Bank
Bonds to fund projects
Allocation Bonds, PA
r8)2non-housing
`C,E
$239,384
$239,384
Page 9 of 12
Total
Source of
Outstanding
payment
Payments by month
Project Name/Debt
Debtor
(See
Obligation
Payee
Description
Od' ation
Lewadl
Jan'12
Feb'12
March'12
April'12
May'12
Jurre'12
Total
Annual corddnuing
Wilden Financial
Preparation of Annual continuing
disclosure Statements
Services
disclosure reports per Federal
Bond Tenn:
9)
regulations
None for Period
covered by this
ROPS
E
$0
Bond hokler fees
US Bank
Fees for holding administration
Bond Term:
and distribution of bond proceeds
None for Period
10)
covered by this
ROPS
E
$0
1994 Taxable
US Bank
Bonds to fund projects -Reserves
11)
Allocation Bonds
for September 2012 Payment
L,560.155
E
$2,560,155
1998 Taxable
US Bank
Bonds to fund pgecls-Reserves
12)
Allocation Bonds
for September 2012 Payment
E
$691A63
$691,463
2001 Taxable
US Bank
Bonds to fund projects -Reserves
13)
All cation Bonds
for September 2012 Payment
E
$1,215,360
$7,215,360
2002 Taxable
US Bank
Bonds to fund projects -Reserves
14)
Allocation Bonds
for September 2012 Payment
E
1$1,6W.341
$1,606,341
2003 Taxable
US Bank
Bonds to fund projects -Reserves
15)
Allocation Bonds
for September 2012 Payment
1$1,279,378
E
$1,279,378
2004 Taxable
US Bank
Bonds to fund projects -Reserves
Allocation Bonds,
for September 2D12 Payment
16)
Loan Agreement 8
First Supplemental
Loan Agreement
E
$3,919,553
$3,919,553
21)11 Taxable
US Bank
Bonds to fund projects -Reserves
AlWation Bonds,
for September 2012 Payment
17)
Second Supplemental
Loan Agreemerd
E
$1,085,884
$1,085,884
Pepe 10 of 12
Total
Source of
Outstanding
Payment
Payments by month
I
Project Name/Debt
Debtor
(See
Obligation
Payee
Description
Obl ation
Legend)
Jan'12
Feb'12
March'12
April'12
May'12
June'12
Total
2011 Taxable
US Bank
Bonds to fund projects -Reserves
Allocation Bonds, PA
for September 2012 Payment
18)
2 non -housing
E
$274.384
$274,384
Computer Document
LaserBche storage of documents
19
Storage
ECS
related to Successor Agency
0 of
E
$233
$233
$233
$233
$233
$1,165
Online access to MuniCode
20)
Online MuniCode
DSS
related to the Successor Agency
Orgoirg
E
$17
$17
$17
$17
$17
$85
Grand Total for PA 1 and PA 2
$0
$250
$6,802,768
$250
$250
$12,632,768
$19,436,286
s
MARCH BOND PAYMENT TO BE ADVANCED FROM RESERVES I
REIMBURSED BY REDEVELOPMENT PRPERTY TAX TRUST FUND
A Low and Moderate Housing Funds
B Bond Proceeds
C Reserve Balances.
D Administrative Cost Allowance
E Redevelopment Property Tax Trust Fund/fax Increment
Page 11 of 12
Name of Redevelop La Quints Redevelopment Agency
Pm)W Area(s) No.1 and No.2
Per AR 28- Section 34167 and 34169
Project Name I
Fumfmp
Total Due Dung Fiscal
Payments by nanOx
Jan'12
Feb'12
March'12
Apol'12
May'12
June
Total
Debt Obligabon
Payee
Description
Source
Year
Negotiated pass
County General
Taring Agency
1)
through
Fund
Payment
E
$14,803,383
$7,401,692
$7,401,692
$14.803.384
Negotiated pass
County Library 8
Taxing Agency
2)
through
Fro
Payment
E
$8,253,362
$4,126,681
E4,126,681
58253,362
Negotiated pass
Desert Sands
Taxing Agency
3)
through
USD
Payment
E
E6,978,820
E3,489,410
53,489,410
$6,978,820
Negotiated pass
Coachella Valley
Taxing Agency
4)
through
USD
pwmem
E
$834,077
$421,168
$412,909
$834,077
Negodeed pass
College of the
Taxing Agency
5)
through
Desert
Payment
E
E1,594,426
$797,213
$797,213
$1,594,426
Slatutery/Neg.
Ofice of
Taxing Agency
-
6)
pass through
Educagm
Payment
E
$621,622
$310,811
$310,811
$621,622
Slabdmy pass
City of La Courts
Taxing Agency
.
7)
through
-
Payment
E
$157,632
$78,916
1
$78,916
E157,832
Statutory pass
Resource
Taxing Agency
8)
through
Conservation
Payment
E
$1,032
$516
5516
$1,032
Negotiated pass
CV Water Diabict
Taxing Agency
9)
through
Payment
E
$2,332,104
51,166,052
E1,166,052
52,332,104
SfatutorylNeg.
Desert Recreation
Taxing Agency
10)
pass through
District
Payment
E
5187,670
$93,835
E93,635
5187,670
pass
CV Public
Taxing Agency
11)
through
Cemetery
Paymerd
E
E9,999
55,000
55,000
E70,000
LStatutory
Negotiated pass
CV
TaftAgency
.
12)
through
Vector MosWilo
Payment
E
E824,321
$412,161
E412,161
$824,322
Grand Total for PA 1 and PA 2
E421,168
$17,882,287
$1%295,196
$36,598,651
Page 12 of 12