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2002 LINC - IRS CertificateCERTIFICATE PURSUANT TO SECTION 149 (e) (2) (F) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED The undersigned hereby certifies as follows: 1. This certification is made in order to comply with Section 149 (e) (2) (F) of the Internal Revenue Code of 1986, as amended (the "Code") and Section 1.25-4T(d) of Part I, of Title 26 of the Code of Federal Regulations. I am an official of the State of California duly designated under State law to make this certification. 2. This certification is based upon information filed with the California Debt Limit Allocation Committee (the "Committee") and information compiled by the Committee. 3. The private activity bond issue(s) identified in Exhibit A of this certificate met the requirements of Section 146 of the Code. Date: May 18, 2002 i LAURIE W R, Executive Director Califo Debt Limit Allocation Committee Exhibit A Bond Issue Amount and Name: $5,000,000 (2001 carryforward allocation) La Quinta Redevelopment Agency, Variable Rate Demand Multifamily Housing Revenue Bonds (Miraflores Apartments) Series A $3,000,000 (2001 carryforward allocation) La Quinta Redevelopment Agency; Multifamily Housing Revenue Bonds (Miraflores Apartments) Series B Issue Date: April 4, 2002 CUSIP #: 50419V AB7 (Series A); 50419V AA9 (Series B) E I N #: 95-3740431 Address of Issuer: Redevelopment Agency of the City of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 STATE OF CALIFORNIA 0 CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE 915 CAPITOL MALL, ROOM 311 MEMBERS SACRAMENTO, CA 95814 TELEPHONE: (916) 653-3255 Philip Angelides, Chairman FAX: (916) 653-6827 State Treasurer Laurie Weir Executive Direct r May 18, 2002 Gray Davis Governor Kathleen Connell State Controller William Marticorena, Esq. Rutan & Tucker, LLP 611 Anton Boulevard, Suite 1400 Costa Mesa, CA 92626 Dear Mr. Marticorena: RE: IRS CERTIFICATION (Application #01-212) Enclosed is the required certification stating that the bonds issued by the Redevelopment Agency of the City of La Quinta for the Miraflores Senior Apartments Project met the requirements of Section 146 of the Internal Revenue Code. Please do not hesitate to contact either Carolyn Lutton or myself at (916) 653-3255 should you have questions. Sincerely, URIE WEIR Executive Director Enclosure cc: Thomas P. Genovese, La Quinta Redevelopment Agency Frank J. Spevacek, Rosenow Spevacek Group, Inc. STATE OF CALIFORNIA CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE 915 CAPITOL MALL, ROOM 311 SACRAMENTO, CA 95814 MEMBERS TELEPHONE: (916) 653-3255 L Philip Angelides, Chairman FAX: (916) 653-6827 j1 State Treasurer Laurie Weir I C Gray Davis Executive Director p �h Governor 1 I Kathleen Connell State Controller May 18, 2002 Thomas P. Genovese Executive Director Redevelopment Agency of the City of La Quinta 708-495 Calla Tampico La Quinta, CA 92253 Dear Mr. Genovese: RE: RELEASE OF PERFORMANCE DEPOSIT (Application #01-212) This letter provides written authorization for the release of the $40,000 performance deposit that was certified by the Redevelopment Agency of the City of La Quinta in support of the application for an allocation of the 2001 State Ceiling on Private Activity Bonds for the Miraflores Senior Apartments Project. This release is being provided based upon information presented in the Report of Action Taken that was filed with the California Debt Limit Allocation Committee on April 16, 2002. The full amount of the deposit is being released since the full amount of the allocation was used to issue bonds. Please do not hesitate to contact either Carolyn Lutton or myself at (916) 653-3255 should you have questions. Sin cere!y, LAURI WEIR Executive Director cc: Frank J. Spevacek, Rosenow Spevacek Group, Inc. Hunter L. Johnson, LINC Housing Corporation city 4 .C'a 2u4st4 f a c s i m i l e OFFICE THE CITY CLERK T R A N S M I T T A L JUNE S. GREEK To: Kathy Jenson Of: Rutan and Tucker Fax: (714)546-9035 Phone: (714) 641-3413 Pages: 4, including this cover sheet. Date: May 29, 2002 Kathy, Here are the letters and the form I called you about. Please advise if I need to do anything further. June From the desk of...