Loading...
2013 06 18 FAFINANCING AUTHORITY AGENDA CITY HALL, 78 -495 Calle Tampico, La Quinta REGULAR MEETING ON TUESDAY, JUNE 18, 2013 AT 4:00 P.M. CALL TO ORDER ROLL CALL: Authority Members: Evans, Franklin, Henderson, Osborne, Chairperson Adolph PUBLIC COMMENT At this time, members of the public may address the Financing Authority on any matter not listed on the agenda. Please complete a "request to speak" form and limit your comments to three minutes. The Financing Authority values your comments; however in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by GC 54954.2(b). CONFIRMATION OF AGENDA PAGE NO. APPROVAL OF MINUTES 1 . MINUTES OF JUNE 4, 2013 3 CONSENT CALENDAR 1 . TREASURER'S REPORT DATED APRIL 30, 2013 5 2. REVENUE AND EXPENDITURE REPORT DATED APRIL 30, 2013 7 3. RESOLUTION TO ADOPT THE INVESTMENT POLICY OF THE 11 CITY OF LA QUINTA FOR FISCAL YEAR 2013/2014 [RESOLUTION FA 2013 -0021 FINANCING AUTHORITY AGENDA JUNE 18, 2013 PAGE NO. 59 BUSINESS SESSION 1. RESOLUTION TO ADOPT THE FISCAL YEAR 2013/2014 LA QUINTA FINANCING AUTHORITY BUDGET [RESOLUTION FA 2013- 0031 STUDY SESSION - NONE CHAIR AND BOARD MEMBERS' ITEMS — NONE PUBLIC HEARINGS — NONE ADJOURNMENT The next regular meeting of the Financing Authority will be held on July 16, 2013 at 4:00 p.m. in the City Hall, 78 -495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Susan Maysels, Authority Secretary of the La Quinta Financing Authority, do hereby declare that the foregoing agenda for the La Quinta Financing Authority meeting was posted near the entrance to the Council Chambers at 78 -495 Calle Tampico and on the bulletin boards at the La Quinta Cove Post Office at 51 -321 Avenida Bermudas and at the Stater Brothers Supermarket 78 -630 Highway 1 1 1, on June 14, 2013. DATED: June 14, 2013 SUSAN MAYSELS, Authority Secretary La Quinta Financing Authority Public Notices • Any writings or documents provided to a majority of the Financing Authority regarding any item on this agenda will be made available for public inspection at the City Clerk counter at City Hall located at 78 -495 Calle Tampico, La Quinta, California, 92253, during normal business hours. FINANCING AUTHORITY AGENDA 2 JUNE 18, 2013 0061 FINANCING AUTHORITY MINUTES TUESDAY, JUNE 4, 2013 A special meeting of the La Quinta Financing Authority was called to order at 4:51 p.m. by Chairperson Adolph. PRESENT: Authority Members Evans, Franklin, Henderson, Osborne, Chair Adolph ABSENT: None PUBLIC COMMENT-- None CONFIRMATION OF AGENDA-- Confirmed APPROVAL OF MINUTES MOTION — A motion was made and seconded by Authority Members Henderson/ Evans to approve the minutes of May 21, 2013 as submitted. Motion passed unanimously. CONSENT CALENDAR - None BUSINESS SESSION 1. RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY AUTHORIZING THE EXECUTION OF THE ESCROW AGREEMENT [RELATING TO THE REFUNDING OF THE 2004 HOUSING BONDS] Executive Director Spevacek presented the staff report, which is on file in the Authority Secretary's office. MOTION — A motion was made and seconded by Authority Members Franklin/ Evans to adopt the above - mentioned Resolution No. FA 2013 -001. Motion passed unanimously. CHAIR AND BOARD MEMBERS' ITEMS — None PUBLIC HEARINGS — None ADJOURNMENT There being no further business, it was moved by Authority Members Henderson/ Evans to adjourn at 4:53 p.m. Motion passed unanimously. Respectfully submitted, SUSAN MAYSELS, Authority Secretary La Quinta Financing Authority SPECIAL FINANCING AUTHORITY MINUTES 1 JUNE 4, 2013 3 FA MEETING DATE: June 18, 2013 ITEM TITLE TREASURER'S REPORTS DATED APRIL 30, 2013 AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 1 STUDY SESSION: PUBLIC HEARING: RECOMMENDED ACTION: It is recommended the La Quinta Financing Authority receive and file this Treasurer's Report. BACKGROUND AND ANALYSIS: Per City Investment Policy, these items are presented on a monthly basis reflecting the monthly Cash Balances, Investment Activities and the Portfolio Performance which is presented in the City Council's Consent Staff Report of this item. ALTERNATIVES: None. Report prepared by: Robbeyn Bird, Finance Director Report approved for submission by: Frank J. Spevacek, City Manager 4 FA MEETING DATE: June 18, 2013 ITEM TITLE: REVENUE AND EXPENDITURE REPORTS DATED APRIL 30, 2013 AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 2 STUDY SESSION: PUBLIC HEARING: RECOMMENDED ACTION: Receive and File. EXECUTIVE SUMMARY: Monthly and year -to -date revenues and expenditures of the La Quinta Financing Authority dated April 30, 2013. FISCAL IMPACT: None. BACK GROUND /ANAYLSIS: Receive and File Transmittal of the April 30, 2013 Statement of Revenues and Expenditures for the La Quinta Financing Authority. Actual revenues received and expenditures spent are $678,533 and $678,633, respectively. The revenue amounts have exceeded the 2012/13 budget. The expenditures represent interest and principal of the 1996 bonds. ALTERNATIVES: None. Report prepared by: Robbeyn Bird, Finance Director Report approved for submission by: Frank J. Spevacek, City Manager Attachment: 1 . Revenue and Expenditure Reports for April 30, 2013 ê é FA MEETING DATE: June 18, 2013 ITEMTITLE: RESOLUTION FOR THE INVESTMENT POLICY OF THE CITY OF LA QUINTA FOR FISCAL YEAR 2013/2014 AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 3 STUDY SESSION: PUBLIC HEARING: RECOMMENDATION: Adopt a Resolution of the La Quinta Financing Authority approving the Investment Policy for Fiscal Year 2013/2014. BACKGROUND AND ANALYSIS The City has one investment policy for all entities including the Financing Authority. Please see the City Council's consent Staff Report of this item for more in depth discussion of the Investment Policy for Fiscal Year 2013/2014. ALTERNATIVES: None. Report prepared by: Robbeyn Bird, Finance Director Report approved for submission by: Frank J. Spevacek 8 ÎÛÍÑÔËÌ×ÑÒ ÒÑò Úß îðïíó ß ÎÛÍÑÔËÌ×ÑÒ ÑÚ ÌØÛ Ôß ÏË×ÒÌß Ú×ÒßÒÝ×ÒÙ ßËÌØÑÎ×ÌÇ ÑÚ ÌØÛ Ý×ÌÇ ÑÚ Ôß ÏË×ÒÌß ßÐÐÎÑÊ×ÒÙ ßÒÜ ßÜÑÐÌ×ÒÙ ÌØÛ ßÓÛÒÜÛÜ ×ÒÊÛÍÌÓÛÒÌ ÐÑÔ×ÝÇ ÚÑÎ Ú×ÍÝßÔ ÇÛßÎ îðïíóîðïì ÉØÛÎÛßÍô ¬¸» ¹»²»®¿´ °«®°±­» ±º ¬¸» ײª»­¬³»²¬ б´·½§ ·­ ¬± °®±ª·¼» ¬¸» ®«´»­ ¿²¼ ­¬¿²¼¿®¼­ «­»®­ ³«­¬ º±´´±© ·² ·²ª»­¬·²¹ º«²¼­ ±º ¬¸» Ý·¬§ ±º Ô¿ Ï«·²¬¿å ¿²¼ ÉØÛÎÛßÍô ÊÖÙÎÌÕÑÝÌÅÏÜÔÙÛÊÕÈÙËÕÐÏÌÚÙÌÏØÎÌÕÏÌÕÊÅÏØÊÖÙûÕÊÅÏØòÝíÉÕÐÊÝÑË ·²ª»­¬³»²¬ ¿½¬·ª·¬§ ­¸¿´´ ¾»æ Í¿º»¬§ ±º °®·²½·°¿´ ·­ ¬¸» º±®»³±­¬ ±¾¶»½¬·ª» ±º ¬¸» ·²ª»­¬³»²¬ °®±¹®¿³ò ײª»­¬³»²¬­ ±º ¬¸» Ý·¬§ ±º Ô¿ Ï«·²¬¿ ­¸¿´´ ¾» «²¼»®¬¿µ»² ·² ¿ ³¿²²»® ¬¸¿¬ ­»»µ­ ¬± »²­«®» ¬¸» °®»­»®ª¿¬·±² ±º ½¿°·¬¿´ ·² ¬¸» ±ª»®¿´´ °±®¬º±´·±ò ̸» ·²ª»­¬³»²¬ °±®¬º±´·± ­¸¿´´ ®»³¿·² ­«ºº·½·»²¬´§ ´·¯«·¼ ¬± ³»»¬ ¿´´ ±°»®¿¬·²¹ ®»¯«·®»³»²¬­ ¬¸¿¬ ³¿§ ¾» ®»¿­±²¿¾´§ ¿²¬·½·°¿¬»¼ò ̸» ·²ª»­¬³»²¬ °±®¬º±´·± ­¸¿´´ ¾» ¼»­·¹²»¼ ©·¬¸ ¬¸» ±¾¶»½¬·ª» ±º ¿¬¬¿·²·²¹ ¿ ³¿®µ»¬ ®¿¬» ±º ®»¬«®² ±® §·»´¼ ¬¸®±«¹¸±«¬ ¾«¼¹»¬¿®§ ¿²¼ »½±²±³·½ ½§½´»­ô ¬¿µ·²¹ ·²¬± ¿½½±«²¬ ¬¸» ·²ª»­¬³»²¬ ®·­µ ½±²­¬®¿·²¬­ ¿²¼ ´·¯«·¼·¬§ ²»»¼­å ¿²¼ ÉØÛÎÛßÍô ¿«¬¸±®·¬§ ¬± ³¿²¿¹» ¬¸» Ý·¬§ ±º Ô¿ íÉÕÐÊÝÑËÕÐÈÙËÊÑÙÐÊÎÏÌÊØÏÒÕÏÕË ¼»®·ª»¼ º®±³ ¬¸» Ý·¬§ Ñ®¼·²¿²½»ò Ó¿²¿¹»³»²¬ ®»­°±²­·¾·´·¬§ º±® ¬¸» ·²ª»­¬³»²¬ °®±¹®¿³ ·­ ¼»´»¹¿¬»¼ ¬± ¬¸» Ý·¬§ Ì®»¿­«®»®ô ©¸± ­¸¿´´ »­¬¿¾´·­¸ ¿²¼ ·³°´»³»²¬ ©®·¬¬»² ÎÌÏÛÙÚÉÌÙËØÏÌÊÖÙÏÎÙÌÝÊÕÏÐÏØÊÖÙûÕÊÅÑË·²ª»­¬³»²¬ °®±¹®¿³ ½±²­·­¬»²¬ ©·¬¸ ¬¸» ײª»­¬³»²¬ б´·½§ º±® Ú·­½¿´ Ç»¿® îðïíóîðïìå ¿²¼ ÉØÛÎÛßÍô ¬¸» ײª»­¬³»²¬ б´·½§ ©·´´ ¾» ¿¼±°¬»¼ ¾»º±®» ¬¸» »²¼ ±º Ö«²» ±º »¿½¸ §»¿® ¿²¼ ¿³»²¼»¼ ¿­ ½±²­·¼»®»¼ ²»½»­­¿®§ò ÒÑÉô ÌØÛÎÛÚÑÎÛô ÞÛ ×Ì ÎÛÍÑÔÊÛÜ ¾§ ¬¸» Ú·²¿²½·²¹ ß«¬¸±®·¬§ ±º ¬¸» Ý·¬§ ±º Ô¿ Ï«·²¬¿ ¬± ¿¼±°¬ ¬¸» Ú·­½¿´ Ç»¿® ײª»­¬³»²¬ б´·½§ øÛ¨¸·¾·¬ ß÷ò ç Resolution No. FA 2013- Investment Policy Adopted: June 18, 2013 Page 2 of 3 ÐßÍÍÛÜô ßÐÐÎÑÊÛÜ ¿²¼ ßÜÑÐÌÛÜ ¿¬ ¿ ®»¹«´¿® ³»»¬·²¹ ±º ¬¸» Ô¿ Ï«·²¬¿ ¬¸ ¼¿§ ±º Ö«²»ô îðïí ¾§ ¬¸» º±´´±©·²¹ ª±¬»ô ¬± ©·¬æ Ú·²¿²½·²¹ ß«¬¸±®·¬§ô ¸»´¼ ±² ¬¸·­ ïè ßÇÛÍæ ÒÑÛÍæ ßÞÍÌß×Òæ ßÞÍÛÒÌæ ÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁ ÜÑÒ ßÜÑÔÐØô ݸ¿·®³¿² Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ ßÌÌÛÍÌæ ÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁ ÍËÍßÒ ÓßÇÍÛÔÍô ײ¬»®·³ Í»½®»¬¿®§ Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ øÍÛßÔ÷ ßÐÐÎÑÊÛÜ ßÍ ÌÑ ÚÑÎÓæ ÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁ Óò ÕßÌØÛÎ×ÒÛ ÖÛÒÍÑÒô ß«¬¸±®·¬§ ݱ«²­»´ Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ ïð ÷äôóúóèû ïï ïî ïí ïì ïë ïê ïé ïè ïç îð îï îî îí îì îë îê îé îè îç íð íï íî íí íì íë íê íé íè íç ìð ìï ìî ìí ìì ìë ìê ìé ìè ìç ëð ëï ëî ëí ëì FA MEETING DATE: June 18, 2013 ITEM TITLE: RESOLUTION TO ADOPT THE FISCAL YEAR 2013/2014 LA QUINTA FINANCING AUTHORITY BUDGET AGENDA CATEGORY: BUSINESS SESSION: 1 CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: RECOMMENDED ACTION: Adopt a Resolution of the La Quinta Financing Authority approving the Fiscal Year 2013/2014 La Quinta Financing Authority Budget. EXECUTIVE SUMMARY: Annually the budget for the La Quinta Financing Authority is prepared and submitted for the Financing Authority's review and approval. FISCAL IMPACT: All Fiscal Year 2013/2014 revenues, operational expenses and debt service payments are included in the Fiscal Year 2013/2014 Budget. For Fiscal Year 2013/2014, the revenues and expenditures of the financing authority are projected to be $676,400 and $677,400, respectively. BACKGROUND /ANALYSIS: At the Financing Authority Meeting of May 21, 2013, the annual budget of the Financing Authority was presented for review by the board. The revenues and expenditures of the Authority are budgeted at $676,400 and $677,400, respectively. There have been no changes made to the proposed budget since the initial presentation on May 21, 2013. 1�7 ßÔÌÛÎÒßÌ×ÊÛÍæ ̸» ¿´¬»®²¿¬·ª»­ ¿ª¿·´¿¾´» ¬± ¬¸» Ú·²¿²½·²¹ ß«¬¸±®·¬§ ·²½´«¼»æ ï÷ܱ ²±¬ ¿¼±°¬ ¿ λ­±´«¬·±² ±º ¬¸» Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¿²¼ ¼± ²±¬ ¿°°®±ª» ¬¸» Ú·­½¿´ Ç»¿® îðïíñîðïì Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ Þ«¼¹»¬å ±® î÷Ю±ª·¼» ­¬¿ºº ©·¬¸ ¿´¬»®²¿¬·ª» ¼·®»½¬·±²ò λ°±®¬ °®»°¿®»¼ ¾§æ α¾¾»§² Þ·®¼ô Ú·²¿²½» Ü·®»½¬±® λ°±®¬ ¿°°®±ª»¼ º±® ­«¾³·­­·±² ¾§æ Ú®¿²µ Öò Í°»ª¿½»µô Ý·¬§ Ó¿²¿¹»® ëê ÎÛÍÑÔËÌ×ÑÒ ÒÑò Úß îðïíó ß ÎÛÍÑÔËÌ×ÑÒ ÑÚ ÌØÛ Ôß ÏË×ÒÌß Ú×ÒßÒÝ×ÒÙ ßËÌØÑÎ×ÌÇ ßÐÐÎÑÊ×ÒÙ ß ÞËÜÙÛÌ ÚÑÎ Ú×ÍÝßÔ ÇÛßÎ îðïíñîðïì ÉØÛÎÛßÍ ô »¿½¸ §»¿® ¬¸» Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¿¼±°¬­ ¿ Þ«¼¹»¬ º±® 못²«»­ ¿²¼ Û¨°»²¼·¬«®»­ º±® ¬¸» «°½±³·²¹ Ú·­½¿´ Ç»¿®å ¿²¼ ÉØÛÎÛßÍ ô ¬¸» Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¼»­·®»­ ¬± ³¿µ» °®±ª·­·±²­ º±® ¿ ´»ª»´ ±º ­»®ª·½»­ ½±³³»²­«®¿¬» ©·¬¸ ¬¸» ²»»¼­ ±º ¬¸» Ý·¬§å ¿²¼ ÉØÛÎÛßÍ ô ¬¸» Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¸¿­ ®»ª·»©»¼ ­¿·¼ ¾«¼¹»¬ ¿²¼ ¸¿­ ¸¿¼ ­»ª»®¿´ °«¾´·½ ³»»¬·²¹­ ¬± ®»½»·ª» °«¾´·½ ·²°«¬å ¿²¼ ÉØÛÎÛßÍ ô ¬¸» Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¸¿­ô ¿º¬»® ¼«» ¼»´·¾»®¿¬·±² ¿²¼ ½±²­·¼»®¿¬·±²ô ³¿¼» ­«½¸ ¿³»²¼³»²¬­ ·² ¬¸» °®±°±­»¼ ¾«¼¹»¬ ¿­ ·¬ ½±²­·¼»®­ ¼»­·®¿¾´»å ¿²¼ ÒÑÉô ÌØÛÎÛÚÑÎÛô ÞÛ ×Ì ÎÛÍÑÔÊÛÜ ¾§ ¬¸» Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¬± ¿¼±°¬ô ¿­ º±´´±©­æ ÍÛÝÌ×ÑÒ ïò ̸» Ú·­½¿´ Ç»¿® îðïíñîðïì Þ«¼¹»¬ ©¸·½¸ ·­ ±² º·´» ©·¬¸ ¬¸» Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ Í»½®»¬¿®§ ·­ ¸»®»¾§ ¿°°®±ª»¼ò ÍÛÝÌ×ÑÒ îò Þ«¼¹»¬ ¿¼¶«­¬³»²¬ °®±½»¼«®»­ ¿®» ¿°°®±ª»¼ ¿­ º±´´±©­æ ßò ß¼¼·¬·±²¿´ ¿°°®±°®·¿¬·±²­ ¿²¼ ¬¸» ¬®¿²­º»® ±º ½¿­¸ ±® «²¿°°®±°®·¿¬»¼ º«²¼ ¾¿´¿²½» º®±³ ±²» º«²¼ ¬± ¿²±¬¸»® ­¸¿´´ ¾» ³¿¼» ±²´§ «°±² Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¿°°®±ª¿´ò Þò Ì®¿²­º»®­ ±º ¾«¼¹»¬»¼ ¿°°®±°®·¿¬·±²­ ¾»¬©»»² ¼·ª·­·±²­ ±® ½¿°·¬¿´ °®±¶»½¬­ ­¸¿´´ ¾» ³¿¼» ±²´§ «°±² Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¿°°®±ª¿´ò Ýò Ì®¿²­º»®­ ±º ¾«¼¹»¬»¼ ¿°°®±°®·¿¬·±²­ ¾»¬©»»² ¿½½±«²¬­ ©·¬¸·² ¿ ¼·ª·­·±² ±® ½¿°·¬¿´ °®±¶»½¬ ³¿§ ¾» ³¿¼» ©·¬¸ ¬¸» ¿°°®±ª¿´ ±º ¬¸» Û¨»½«¬·ª» Ü·®»½¬±® ±® ¸·­ ¼»­·¹²»»ò Üò Ю·±® §»¿® ¾«¼¹»¬ ½±²¬·²«·²¹ ß°°®±°®·¿¬·±²­ ¿²¼ Û²½«³¾®¿²½»­ º±® «²»¨°»²¼»¼ ½¿°·¬¿´ °®±¶»½¬ ¿°°®±°®·¿¬·±²­ ®»³¿·²·²¹ º®±³ «²½±³°´»¬»¼ °®·±® §»¿® ½¿°·¬¿´ °®±¶»½¬­ ­¸¿´´ ¾» ³¿¼» ©·¬¸ Û¨»½«¬·ª» Ü·®»½¬±® ¿°°®±ª¿´ò ̸»­» ½¿®®§ó±ª»® ¿°°®±°®·¿¬·±²­ ¿®» º±® °®·±® §»¿® Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¿°°®±ª»¼ ½¿°·¬¿´ °®±¶»½¬­ ¿²¼ ­¸¿´´ ²±¬ »¨½»»¼ ¬¸» ¿°°®±ª»¼ °®±¶»½¬ ¾«¼¹»¬ò ëé λ­±´«¬·±² Ò±ò Úß îðïíó Þ«¼¹»¬ ß°°®±ª¿´ ÚÇ îðïíñîðïì ß¼±°¬»¼æ Ö«²» ïèô îðïí п¹» î ÍÛÝÌ×ÑÒ íò ̸» Û¨»½«¬·ª» Ü·®»½¬±® ­¸¿´´ ®»²¼»® ¿ ³±²¬¸´§ ®»°±®¬ ¬± ¬¸» Ú·²¿²½·²¹ ß«¬¸±®·¬§ ±² ¬¸» ­¬¿¬«­ ±º Ý·¬§ ±°»®¿¬·±²­ ¿­ ·¬ ®»´¿¬»­ ¬± ¬¸» ¿°°®±ª»¼ ¾«¼¹»¬ ¿²¼ ¿²§ ¿³»²¼³»²¬­ ¬¸»®»¬±ò ÐßÍÍÛÜô ßÐÐÎÑÊÛÜô ¿²¼ ßÜÑÐÌÛÜ ¿¬ ¿ ®»¹«´¿® ³»»¬·²¹ ±º ¬¸» Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ ¸»´¼ ±² ¬¸·­ ï謸 ¼¿§ ±º Ö«²»ô îðïíô ¾§ ¬¸» º±´´±©·²¹ ª±¬»æ ßÇÛÍæ ÒÑÛÍæ ßÞÍÛÒÌæ ßÞÍÌß×Òæ ÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁ ÜÑÒ ßÜÑÔÐØô ݸ¿·®³¿² Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ ßÌÌÛÍÌæ ÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁ ÍËÍßÒ ÓßÇÍÛÔÍô ײ¬»®·³ Í»½®»¬¿®§ Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ øÍÛßÔ÷ ßÐÐÎÑÊÛÜ ßÍ ÌÑ ÚÑÎÓæ ÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁ Óò ÕßÌØÛÎ×ÒÛ ÖÛÒÍÑÒô ß«¬¸±®·¬§ ݱ«²­»´ Ô¿ Ï«·²¬¿ Ú·²¿²½·²¹ ß«¬¸±®·¬§ ëè