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HomeMy WebLinkAboutROSENOW SPEVACEK GROUP, INC - 1996-02-05 l CounciVAgency Meeting Held: - DeferredlContinued to: 4- Approved O Conditionally Approved D Denied City Clerk's Slgrfatdre Council Meeting Date: February 5. 1996 Department ID Number. ED 96-06 CITY OF HUNTINGTON BEACH REQUEST FOR REDEVELOPMENT AGENCY ACTION SUBMITTED TO: Honorable Chairman And Redevelopment Agency Members SUBMITTED BY: Michael T. Uberuaga, Executive Director PREPARED BY: David C. Biggs, Director of Economic Development vo SUBJECT: CONTRACT FOR CONSULTANT SERVICES - PLAN AMENDMENTS FOR THE CITY'S REDEVELOPMENT PROJECT AREAS Statement of issue,Funding Soum*.Rocormwndod Action.AiMmativr Action(s),Ansis.Envirorawntai Status,AttachrnsM{s Statement of Issue: On October 2, 1995, the Agency authorized staff to pursue Plan Amendments for the city's five redevelopment project areas. Also, authorized at that time was up to $200.000 for the procurement of technical and legal assistance. A contract for this assistance is attached. Funding Source: Redevelopment Administration Account. Recommended Action: Motion to: 1. Approve the attached contract as prepared by the City Attomey's office between the Redevelopment Agency and Rosenow Spevacek Group Inc. to provide technical assistance in the preparation and presentation to the Agency of proposed redevelopment project area plan amendments. Alternative Action(s): Do not approve the attached contract and analysis. Analysis- Staff prepared and distributed a Request for Qualifications and Fee Quote to firms providing technical assistance regarding project area amendments, adoptions, and mergers. Proposals were due October 6,1995. and four firms responded. Interviews with the responding firms were conducted on October 19 and 23, 1995, and it is staffs recommendation that the attached contract with Rosenow Spevacek Group Inc., be approved as the most highly qualified to provide technical assistance. � ` 11 REQUEST FOR REDEVELOPMENT AGENCY ACTION MEETING DATE: February 5, 1996 DEPARTMENT ID NUMBER: ED 96-06 The scope of work is consistent with the direction of the Agency Members and would include an analysis leading to the merger of the five Redevelopment Project Areas for financial purposes and the potential amendment of project area plans to extend the life of each plan, the financial limits, and to maintain or restore eminent domain author-sty. In addition to procuring these technical assistant services, special legal counsel will provide guidance In the preparation and adoption of these amendments under separate agreement with the Agency Attorney. It is anticipated that the amendments could be presented to the Redevelopment Agency within ten to twelve months from the commencement of the work Environmental tatus: N/A Attachment s 1. RSG Contract RAA9606.DOC -2- 01/04/96 4:30 PM O, CITY OF HUNTINGTON BEACH 2000 MAIN STREET CALIFORNIA 92648 OFFICE OF THE CITY CLERK CONNIE BROCKWAY CITY CLERK February 7, 1996 Mr. Frank Spevacek Rosenow Spevacek Group, Inc. 540 North Golden Circle,Suite 305 Santa Ana, CA 92705 The City Council of the City of Huntington Beach at their meeting held February 5, 1996, approved the Professional Services Contract Between the Redevelopment Agency of the City of Huntington Beach and Rosenow Spevacek Group, Inc. for Consultant Services Relative to Redevelopment Project Area Merger. Enclosed is an original executed contract for your records. If you have any questions regarding this matter, please call the Office of the City Clerk at(714) 536-5227. Connie Brockway, CMC City Clerk Evelyn Schubert, CIVIC Deputy City Clerk Enclosure cc: David Biggs, Director of EconomicDevelopment g:lfallcwuplagrmt (Tole phone:71 4-536-52271 M PROFESSIONAL SERVICES CONTRACT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND ROSENOW SPEVACEK GROUP, INC. FOR CONSULTANT SERVICES RELATIVE TO REDEVELOPMENT PROJECT AREA MERGER Table of Contents 1 Work Statement................................................................................................... 1 2 Agency Staff Assistance......................................................................................2 3 Time of Performance...........................................................................................2 4 Compensation.....................................................................................................2 5 Extra Work...........................................................................................................2 6 Method of Payment.............................................................................................2 7 Disposition of Plans, Estimates and Other Documents........................................4 8 Indemnification and Hold Harmless.....................................................................4 9 Workers' Compensation......................................................................................4 10 Insurance.................................................. ..........................................................5 11 Certificates of Insurance.......................... ..........................................................6 12 Independent Contractor......................................................................................7 13 Termination of Agreement..................................................................................7 14 Assignment and Subcontracting.........................................................................7 15 Copyrights/Patents.............................................................................................7 16 Agency Employees and Officials........................................................................7 17 Notices................................................................................................................8 18 Immigration.........................................................................................................8 19 Legal Services Subcontracting Prohibited..........................................................8 20 Attorney Fees.....................................................................................................9 21 Entirety...............................................................................................................9 7/Vowrow/1f W PROFESSIONAL SERVICES CONTRACT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND ROSENOW SPEVACEK GROUP, INC. FOR CONSULTANT SERVICES RELATIVE TO REDEVELOPMENT PROJECT AREA MERGER THIS AGREEMENT is made and entered into this day, 1996, by and between the Redevelopment Agency of the City of Huntington Beach, a public body, hereinafter referred to as"AGENCY", and Rosenow Spevacek Group, Inc. (RSG), a California corporation, hereinafter referred to as "CONSULTANT." WHEREAS, AGENCY desires to engage the services of a consultant to provide environmental, redevelopment, fiscal and project management services, as they relate to merger of the Redevelopment Agency's five existing redevelopment project areas, in the City of Huntington Beach; and Pursuant to documentation on file in the office of the City Clerk, the provisions of HBMC Chapter 3.03 relating to procurement of professional service contracts has been complied with; and CONSULTANT has been selected to perform said services, NOW, THEREFORE, it is agreed by AGENCY and CONSULTANT as follows: 1. WORK STATEMENT CONSULTANT shall provide all services as described in the Request for Qualifications, and CONSULTANT's proposal dated October 6, 1995 (hereinafter referred to as Exhibit"A"), which is attached hereto and incorporated into this Agreement by this reference. Said services shall sometimes hereinafter be referred to as "PROJECT." CONSULTANT hereby designates Frank Spevacek, who shall represent it and be its sole contact and agent in all consultations with AGENCY during the performance of this Agreement. Mh senowrlaw V V 2. AGENCY STAFF ASSISTANCE AGENCY shall assign a staff coordinator to work directly with CONSULTANT in the performance of this Agreement. 3. TIME OF PERFORMANCE Time is of the essence of this Agreement. The services of the CONSULTANT are to commence as soon as practicable after the execution of this Agreement and all tasks specified in Exhibit"A" shall be completed no later than twelve months from the date of this Agreement. These times may be extended with the written permission of the AGENCY. The time for performance of the tasks identified in Exhibit "A" are generally to be shown in the Scope of Services on the Work Program/Project Schedule. This schedule may be amended to benefit the PROJECT if mutually agreed by the AGENCY and CONSULTANT. 4. COMPENSATION In consideration of the performance of the services described herein, AGENCY agrees to pay CONSULTANT a fee not to exceed One Hundred Twenty-Five Thousand Dollars ($925,000). Projected costs for discrete areas of consultant activities are set forth in Exhibit W. 5. EXTRA WORK In the event AGENCY requires additional services not included in Exhibit"A;'or changes in the scope of services described in Exhibit"A," CONSULTANT will undertake such work after receiving written authorization from AGENCY. Additional compensation for such extra work shall be allowed only if the prior written approval of AGENCY is obtained. 6. METHOD OF PAYMENT A. CONSULTANT shall be entitled to monthly payments following invoice. 2 7lk1rmww/1 aSG B. Delivery of work product: A copy of every technical memo and report prepared by CONSULTANT shall be submitted to the AGENCY to demonstrate progress toward completion of tasks. In the event AGENCY rejects or has comments on any such product, AGENCY shall identify specific requirements for satisfactory completion. Any such product which has not been formally accepted or rejected by AGENCY shall be deemed accepted. C. The CONSULTANT shall submit to the AGENCY an invoice for each progress payment due. Such invoice shall: 1) Reference this Agreement; 2) Describe the services performed, 3) Show the total amount of the payment due; 4) Include a certification by a principal member of the CONSULTANT's firm that the work has been performed in accordance with the provisions of this Agreement; and 5) For all payments include an estimate of the percentage of work completed. Upon submission of any such invoice, if AGENCY is satisfied that CONSULTANT is making satisfactory progress toward completion of tasks in accordance with this Agreement, AGENCY shall promptly approve the invoice, in which event payment shall be made within thirty (30) days of receipt of the invoice by AGENCY. Such approval shall not be unreasonably withheld. If the AGENCY does not approve an invoice, AGENCY shall notify CONSULTANT in writing of the reasons for non-approval, within seven (7) calendar days of receipt of the invoice, and the schedule of performance set forth in Exhibit"A" shall be suspended until the parties agree that past performance by CONSULTANT is in, or has been brought into compliance, or until this Agreement is terminated as provided herein. 3 71kftWMW11/1S6 v v D. Any billings for extra work or additional services authorized by AGENCY shall be invoiced separately to the AGENCY. Such invoice shall contain all of the information required above, and in addition shall list the hours expended and hourly rate charged for such time. Such invoices shall be approved by AGENCY if the work performed is in accordance with the extra work or additional services requested, and if AGENCY is satisfied that the statement of hours worked and costs incurred is accurate. Such approval shall not be unreasonably withheld. Any dispute between the parties concerning payment of such an invoice shall be treated as separate and apart from the ongoing performance of the remainder of this Agreement. 7. DISPOSITION OF PLANS, ESTIMATES AND OTHER DOCUMENTS CONSULTANT agrees that all materials prepared hereunder, including all original drawings, designs, reports, both field and office notices, calculations, maps and other documents, shall be turned over to AGENCY upon termination of this Agreement or upon PROJECT completion, whichever shall occur first. In the event this Agreement is terminated, said materials may be used by AGENCY in the completion of PROJECT or as it otherwise sees fit. Title to said materials shall pass to the AGENCY upon payment of fees determined to be earned by CONSULTANT to the point of termination or completion of the PROJECT, whichever is applicable. CONSULTANT shall be entitled to retain copies of all data prepared hereunder. 8. INDEMNIFICATION AND HOLD HARMLESS CONSULTANT hereby agrees to indemnify, defend, and hold and save harmless AGENCY, its officers and employees from any and all liability, including any claim of liability and any and all losses or costs arising out of the negligent performance of this Agreement by CONSULTANT, its officers or employees. 9. WORKERS COMPENSATION CONSULTANT shall comply with all of the provisions of the Workers Compensation Insurance and Safety Acts of the State of California, the applicable 4 71k'rosenowll rim provisions of the Califomia Labor Code and all amendments thereto; and all similar state or federal acts or laws applicable; and shall indemnify, defend and hold harmless AGENCY from and against all claims, demands, payments, suits, actions, proceedings and judgments of every nature and description, including attorney fees and costs presented, brought or recovered against AGENCY, for or on account of any liability under any of said acts which may be incurred by reason of any work to be performed by CONSULTANT under this Agreement. CONSULTANT shall obtain and furnish evidence to AGENCY of maintenance of statutory workers compensation insurance and employers liability in an amount of not less than $100,000 bodily injury by accident, each occurrence, $100,000 bodily injury by diseass;each employee, and S250,000 bodily injury by disease, policy limit. 10. INSURANCE In addition to the workers compensation insurance and CONSULTANTS covenant to indemnify AGENCY, CONSULTANT shall obtain and furnish to AGENCY the following insurance policies covering the PROJECT: A. General Liability Insurance A policy of general public liability insurance, including motor vehicle coverage. Said policy shall indemnify CONSULTANT, its officers, agents and employees, while acting within the scope of their duties, against any and all claims of arising out of or in connection with the PROJECT, and shall provide coverage in not less than the following amount: combined single limit bodily injury and property damage, including prod uctslcompleted operations liability and blanket contractual liability, of$1,000,000 per occurrence. If coverage is provided under a form which includes a designated general aggregate limit, the aggregate limit must be no less than $1,000,000. Said policy shall name AGENCY, its officers, and employees as Additional Insureds, and shall specifically provide that any other insurance coverage which may 5 7nch'osenov,dtl�'9s be applicable to the PROJECT shall be deemed excess coverage and that CONSULTANT's insurance shall be primary. B. Professional Liability-Insurance. CONSULTANT shall acquire a professional liability insurance policy covering the work performed by it hereunder. Said policy shall provide coverage for CONSULTANT's professional liability in an amount not less than $500,000 per claim. A claims made policy shall be acceptable. 11. CERTIFICATES OF INSURANCE; ADDITIONAL INSURED ENDORSEMENTS Prior to commencing performance of the work hereunder, CONSULTANT shall furnish to AGENCY certificates of insurance subject to approval of the City Attorney evidencing the foregoing insurance coverages as required by this Agreement; said certificates shall provide the name and policy number of each carrier and policy, and shall state that the policy is currently in force and shall promise to provide that such policies will not be canceled or modified without thirty (30) days prior written notice of AGENCY. CONSULTANT shall maintain the foregoing insurance coverages in force until the work under this Agreement is fully completed and accepted by AGENCY. The requirement for carrying the foregoing insurance coverages shall not derogate from the provisions for indemnification of AGENCY by CONSULTANT under the Agreement. AGENCY or its representative shall at all times have the right to demand the original or a copy of all said policies of insurance. CONSULTANT shall pay, in a prompt and timely manner, the premiums on all insurance hereinabove required. A separate copy of the additional insured endorsement to each of CONSULTANT's insurance policies, naming the AGENCY, its officers and employees 6 71k'rosenow/113'96 � v as Additional Insureds shall be provided to the City Attorney for approval prior to any payment hereunder. 12. INDEPENDENT CONTRACTOR CONSULTANT is, and shall be, acting at all times in the performance of this Agreement as an independent contractor. CONSULTANT shall secure at its expense, and be responsible for any and all payment of all taxes, social security, state disability insurance compensation, unemployment compensation and other payroll deductions for CONSULTANT and its officers, agents and employees and all business licenses, if any, in connection with the services to be performed hereunder. 13. TERMINATION OF AGREEMENT All work required hereunder shall be performed in a good and workmanlike manner. AGENCY may terminate CONSULTANT's services hereunder at any time with or without cause, and whether or not PROJECT is fully complete. Any termination of this Agreement by AGENCY shall be made in writing, notice of which shall be delivered to CONSULTANT as provided herein. 14. ASSIGNMENT AND SUBCONTRACTING This Agreement is a personal service contract and the supervisory work hereunder shall not be delegated by CONSULTANT to any other person or entity without the consent of AGENCY. 15. COPYRIGHTSMATENTS AGENCY shall own all rights to any patent or copyright on any work, item or material produced as a result of this Agreement. 16. AGENCY EMPLOYEES AND OFFICIALS CONSULTANT shall employ no AGENCY official nor any regular AGENCY employee in the work performed pursuant to this Agreement. No officer or employee of AGENCY shall have any financial interest in this Agreement in violation of the applicable provisions of the California Government Code. 7 7fK"WWW11/3W 17. NOTICES Any notice or special instructions required to be given in writing under this Agreement shall be given either by personal delivery to CONSULTANT's agent (as designated in Section 1 hereinabove) or to CITY's Director of Economic Development as the situation shall warrant, or by enclosing the same in a sealed envelope, postage prepaid, and depositing the same in the United States Postal Service, addressed as follows: TO AGENCY. TO CONSULTANT: Mr. David Biggs Mr. Frank Spevacek Director of Economic Development Rosenow Spevacek Group, Inc. City of Huntington Beach 540 North Golden Circle, Suite 305 2000 Main Street Santa Ana, CA 92705 Huntington Beach, CA 92648 18. IMMIGRATION CONSULTANT shall be responsible for full compliance with the immigration and naturalization laws of the United States and shall, in particular, comply with the provisions of the United States Code regarding employment verification. 19. LEGAL SERVICES SUBCONTRACTING PROHIBITED CONSULTANT and AGENCY agree that AGENCY is not liable for payment of any subcontractor work involving legal services, and that such legal services are expressly outside the scope of services contemplated hereunder. CONSULTANT understands that pursuant to Huntington Beach City Charter Section 309, the Agency Attorney is the exclusive legal counsel for AGENCY; and AGENCY shall not be liable for payment of any legal services expenses incurred by CONSULTANT. 8 ynkkoxrownrim u 20. ATTORNEYS FEES In the event suit is brought by either party to enforce the terms and provisions of this agreement or to secure the performance hereof, each party shall bear its own attorney's fees. 21. ENTIRETY The foregoing, and Exhibit "A": attached hereto, set forth the entire Agreement between the parties. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by and through their authorized offices the day, month and year first above written. ROSENOW SPEVACEK GROUP, INC. REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH, a By. �: s ,�� public body Print name � .. ITS: (drde one)Chalrma �resldece President C. Chairperson By: FWdsl es-- APPROVED AS TO FORM: print name ITS: (Ciro Secreta /Cheer Financial r Office 5st. secretary-'Treasure City Attorney ATTEST: INI TED AND APPROVED: 01 Agency Clerk 7 f6 Director of Econordic Development - }-AND RO ED: 4. Executive erector 9 7ndrosenowmase - - Y F:-- - - Y- y 2'.('7 - - --- -- ' -k-k- { -{• �. t{ $� 9 I 4 __--_--`Mn^°A✓ { p.YdiWIYYJ CER7IFtCr� 'EYflF �NSURANCE u/ -��':� :�Ra5$SGadLOSabS.:d:.ocwpYab�.S:�.w.ea:Q1D..ow:cooW�3�, c-`�•�-- - ...:A� �.6��.Xe6.aoc6c ��3ws..��.�..•. 29 1995 + � THIS CERiIFSCA'TL IS ISSUED AS A UATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE BOLDER. THIS CERTIFICATE Consolidated orange County Ins 1 DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE %6253 Laguna Canyon Rd. , 4190 ..........L1CITs..BELOW. _wine, CA 92718 COMPANIES AFFORDING COVERAGE (714) ?5 3-?6 0 0 €............................................................................_. A CNA Insurance Co. 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Contract amount $10,000 *EXCEPT 10 DAY NOTICE OF CANCELLATION FOR NON PAYMENT OF PREMIUM C ERTIFICATI':HOLDER-4 -a «s ., K CANCELLAAON ��. �.'.e t R. r ch s 'ny' w'- .....,,.. .. :e �,.. tea • N a :�.�... -� . ;� SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCI:7IED BEFORE THE EXPIRATION DATE THEREOF.THE ISSUING COMPANY WILL MAIL 3 0 DAYS wRTTIEN NOTICE TO THE CERTIFICATE HOLDER NmAED TO THE VS'TY OF BUNTINGTON BEACH LE1TT. ATTN: DENISE WYLLIE 2000 Mx,IN STREET ,AMOOR@DRLPRESUCTAM , HUN'TINGTON BEACH CA 92648 ico-IT"RS=S�/50 �' :::- � Ac COR bRAi10 i990 _�. ...4-.:moo--Y- JAN 26 '96 1 1 :44 PAGE.002 -ire w.i �+ar.q wsTdst : 7W CEIKT1Rr2AW S;KUM AS A MATTVA CW>1S�CSMTIOM OILY AND Consolidated orange County ins a 'OR u 19=32 Laguna canton Ad., #140 Xrvi", Ch '92718 COWAMES AFFORDING COVERAGE (714) 753-7600 ------ -.._ - A C1�1 ZnsTzraave-� hrt ?raont Coepeaaation ]tosenor-spevacek QzvW v taco 6[T1Y1 C ZVanston Ynaurance Co. 54CI No Golden Cirvle, #303 Santa 7►aa C■ 92705 IIMS 13 VO CMW SWTHE?M Cn OF POPO M 1M 11 LM WW SM 1B WW TO THE VCRPM TM�ADM PM THE rv=re�oo 1Kr K ATIM LMVM AW IIdOtJ�E11Q1r.MW OR COWMON OF AM Col MtCT OR O'RMM DO�,UMM t WW MM50 To�17Mq C1:m1CJ1TE MAY W M»Qq MAY�M�C 1 TEE�w10E M4 OPM 1K TM[ralpR�t"9w a auLMT TO ALL THE Tuffix VrAUMM OM ocsoTTaro OF SM MXCM w1a SHOW"MAY%WE KV4 PEMM W PM0 CLAPML TM OF cos j IMarR UwrM �iOUCr S IGLT�wp�./o�. f1tR _...�OwarmAmmon �• 10000. �..� • ]' oo��a�eM<tNcrtY Mt7 t iMwcm4w4yML is I�900 OQ Z". 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DAYS WWrTM WNW TO Tf1ECUMACAW MMW MMM To WE CITY or 31UNTIUMN Sit Li#T.WK49M 200C 3M= a-SIE!? .ruww�o 319TON DZUM CA :Sias ,�,_ ' JAN 26 '96 t 1 :45 PAGE .ttv t THIS ENDORvEMENT CHANGES THE POUCY.FLEASE READ tT CAREFULLY. ADDMONAL INSURED - OWNERS, LESSEES OR CONTRACTORS (FORM S) Tha endorsenwra modirws iris mace provided wtdtr the koowin. COMMERCIAL GENERAL LIMILI Y COVERAGE PART SCHEDULE Name of Person or Orguintion: CIT7 OF 'r.GT0N EEAcH TfiW MILERS, 0"Ff'ICIALS, E` LOYM AND AG>rl+l'I5 2000 WN ST t3IR+'TIPGI% BEACH, CA 92640 (If r►a eftuy apinm abo•re,Informtion muuite4 to eompktt> endotssmsr wilt be shown in the Detlsri. tions as applicable to thit lndorstfmnt.) WHO IS AN INSURED (Section 11) is amrrtded to iaciude as an irnwred Vw person or organaation sham in the, Schedvk. bvt only with respect to liabirty arising, out of your ongoing operations performed Wr tha in- • CG 20 10 10 SS Coppi t Ietsunnce Sarices 2trom Inc..I= Q ** TOTAL PAGE .003 ** v v ATTACHMENT # 1 1 ENGAGEMENT ACTIVITIES Based upon the RFQ and disci ssions with the City's economic development consultant, it is our understanding that the Ageu,•y is considering a merger of, and amendments to, five existing redevelopment projects; the first priority is to structure a merger of these projects iniorder to enhance the Agency's cash flow situation and improve its ability to refinance and/or issue new bond debt The second priority is to amend provisions unique to each of the redevelopment projects to extend or reinstitute eminent dormiin authority, to extend the time limit within which to incur indebtedness, and increase the dollar limit on the receipt of tax increment revenue. The unique aspect of this transaction is that though the five projects would be merged into one redevelopment project, the California Redevelopment Law req�.iires that the merged project's redevelopment plan must stipulate financial and time limits that are specific to the circumstances associated with the existing projects. To date, both the City's economic development consultant and financial advisor have reviewed these issues and 1 recommended that the Agency retain a redevelopment consultant to: • design the best structure for the mergerfamendment activities;and undertake document preparation, project coordination, fiscal analysis, and community interface activities associated%%ith processing a mergerfamendment This section of our Statement of Qualifications sets forth RSG's suggested approach to these engagement activities. Though the RFQ did not specify that a scope of services should be included with the submittal, we thought it prudent to briefly outline the approach we would undertake and highlight the services our consultant team will provide. Scoping Meedng with Staff/Project Team: RSG will meet with assigned staff, project team members, and legal counsel to refine the work effort, discuss critical issues, and identify City officials who may be of _ assistance in assembling information on: financial constraints and opportunities, physical, economic; and social conditions that pervade the project areas, existing redevelopment and economic development studies, and City/Agency budgets, work program, and improvement programs that set forth the projects and activities proposed for the project areas. An important task will be to discuss the vision, goals, and objectives for this effort to ensure that the desired outcome and results are delineated for the project team. RojzanowSp-nmk Group,kra G}tyofHunfigVon Beach Rudevrlopment ASency October, 1995 I P1rop=jI forRedeWgpmmt Consultant Savfccs Issues Analysts: RSG s discussion with Agency staff indicates that questions remain regarding the financial and legal benefits of merging the projects. In particular, concerns were raised as to whether or not sufficient bond and revenue capacity would be generated as a result of the merger. RSG proposes that once baseline data has been collected, -RSG will then ' evaluate this information in order to identify the financial benefits and constraints the merger would generate, and delineate the most cost effective course of action the Agency should pursue to accomplish the goals and objectives of the mergerlamendment activities_ Review Findings with Project Team: Once our analysis is complete, RSG will then convene a project team meeting to review our findings and identify a recommended course f of action. From these discussions, RSG will s then prepare a project merger schedule that incorporates: the procedures set forth in the Redevelopment Law for merger/amendment activities, City meeting dates and agenda deadlines, and document preparation and review time frames. Perform Field Survey: RSG will conduct a parcel-by-parcel detailed land use and blight analysis of the project areas. This survey will document urbanization, land use, and economic conditions as defined by the Redevelopment Law, as well as surface potential ' redevelopment opportunities. This data will then be incorporated in the appropriate documents in order to justify: the need for the merger, the reimpositionlextension of eminent domain authority, and the modifications to the financial and time Limits embodied in the current redevelopment plans. R[z=owSpc vice tGmvp, 4tyofNunt*fon Beech leodevelopment AiMCY Oirtolxr, 1995 2 PtvPOW for TXdCVd0pnient Coruultant ScrniCS Document Blighting Factors and Conditions: Using our sophisticated parcel management • database, RSG will integrate the results of the blight and land use survey with ownership, assessment, and sales data from the Orange County Assessor's Roll. The master database we+ald then be analyzed to identify blighting conditions at the parcel, block, or other geographic levels. This inforAation would be tabulated and narratively described. RSG will also prepare maps depicting the blighting conditions. Areas of focus will include: O A photo portfolio of the project ar= O condition analysis of key raidrntial na g O A 6Mng condition analysis of major commercial proxrtim ' O An infrastmctum review to identify inadequate and dilapidated public facilitirsrnfrastructure: O An emph7nmt base analysis concerning xndenmployment and unemployment in the community. O A review of major commercial propertia to analyze vacancy rates and capacity utilization. 0 An economic analysis of the viability of commer W use,new construction,and rehabilitation compered to existing Huntington Beach rent& O An analysis of eommemid uses that have Hunthnton Beach or plan to kzm in immediate futures 1 O An analysis of competing communities in terms of economic opportunities and available retail, o&e, and commercial properties. Identify Prolects/Programs: Once the baseline blight data is compiled, RSG will then work with City staff and the project team to formulate redevelopment projects and programs. Our approach will be to provide example projectstprograms that would address conditions specific to the project areas, and then work with the aforementioned parties to further tailor them to fit the unique needs of the community. XasenowSPCVAVXk Grmrp,&C. 01yofHuntr4bi?Beach RadnW0Plnent JV=Cy Olcfo icr, 1995 py up=I for Rodemlopmen t Consultant Sery= Prepare Required Merger/Amendment Documents: As part of our effort, RSG will prepare the documents required by the Redevelopment Law for merger/amendment activities. Every attempt will be made to prepare these • documents far enough in advance to provide: sufficient staff and legal counsel review time prior to agenda submittal deadlines. Required documents shall include the following: • O Surtsey area map and resolution. O Preliminary plan. O Redevelopment plan for the merged projects O Preliminary report • O Report to eounciL O Owner participation guidelines for the merged _ Fmx= O Method of relocation for the merged projem Prepare Staff Reports and Adoption Resolutions: As part of our project merger/amendment engagements, RSG also prepares required staff reports and resolution for use by Agency staff and legal counsel. The reports and resolutions will be prepared in the format required for Planning Commission, Agency, and City Council agendas. Further, RSG will also prepare all transmittal notices, property owner letters, and other communication materials for Agency staff signature. Finally, our data transmission capabilities will enable us to transfer all documents via modem for use at Agency offices. Develop Tax Increment Revenue Model: Using the County's 1995-96 tax roll, RSG will develop tax increment revenue projections involving taxable secured and unsecured properties in the project areas. This revenue model will indicate the annual low and _ moderate income housing deposit, affected 1 taxing entity payments, and remaining Agency nonhousing revenue. The model will also indicate the cumulative and net present value of these amounts, and project the merged project's bonding capacity. Finally, a j 1 l 05mowSpcva='Group,Lac. C}tpofHunuzWton Bmclr Xadevrlopmcnt.Srtrcy manber, 1995 4 Ptopoul fonftdevrlopment Consonant Scry= present value analysis will be performed to determine today's value of the projected revenue resources, thus permitting the staff to evaluate the financial capacity of the resulting merged/amended redevelopment project. Environmental Documents: RSG will subcontract with LSA to provide the Agency quality environmental documents at a cost-effective . price. For project merger/amendment activities, CEQA requires that a program environmental impact report be prepared thaC evaluates potential environmental impacts resulting from implementing proposed redevelopment projects and programs. When the exact scope of the projects and programs are defined, ISA will then prepare a detailed scope of work for the environmental effort. Further, they will commit to managing all aspects of the environmental notification document preparation and review process. In order to achieve cost savings, environmental documentation currently being prepared for the City's General Plan update will be utilized f in the program environmental impact report for the merger/amendment. Coordinate Project Merger/Amendment Activities: RSG proposes to assume an active role in coordinating all aspects of the mergerfamendment process, including coordinating the activities of City and Agency staff, legal counsel, environmental consultant, and other entities. The RSG project manager will have the ultimate responsibility for: the delivery of required documents and reports in a timely manner, the accuracy of the work effort, adherence to the established schedule, and formulating solutions to the many issues and problems that surface during the merger/amendment process. r Ros=cwSPcv&=k Qvup,Inc. aty of ffLw ngtnn Burch J hkwJopn=t,garcY acto6e4I995 5 Fmp=IforRadev+e•IopmaztConsuWtS=Viocs Project Area Committee Activities: Our discussions with Agency staff indicate that a project area committee may be required for the merger/amendment. In particular, the Redevelopment Law states that if properties that are developed with housing affordable to very low, Iow, and Moderate income families are subject to acquisition through eminent domain, then a project area ?ommittee must be established. Further, it is our 1 understanding that some of the project areas that are identified for a merger include affordable housing. One of the first tasks in 1 evaluating the approach to the mergerlamendment activities will be to determine whether or not a project area committee is needed. If one is required, then RSG will assist Agency staff by managing the project area committee formation process. These activities shall include preparing and coordinating the circulation of meeting notices, conducting the orientation and 1 election meetings, managing the election of PAC members, and subsequently staffing PAC meetings as desired by Agency staff. Taxing Entity Consultation: The current Redevelopment Law virtually eliminates the need for taxing agency consultations. However, many agencies still pursue fiscal negotiations in order to secure a priority status for projects that would benefit their efforts. The RSG project manager will assist Agency staff and legal counsel in taxing entity consultations, applying our intimate knowledge of the approach and pursuits of local entities. Other Meeting Attendance: The RSG project manager assigned to this engagement will participate in meetings with staff, Agency members, PIanning Commission members, and project area committee members. As requested in the RFQ a minimum of 15 meetings will be included in the overall budget for this engagement. JAdditional meetings will be charged on a time-and-materials basis. J Rz owSpevocek Group,lnra Q'rofHunftWon Bedeh RakwJopm=t A.�rency Oao&r, 1995 G FmpaW for Redevelopment Consult snt S= c= FEE PRoposAL Though the SOD did not request a price proposal, we have elected to outline a projected cost for this engagement based upon our experience with recent similar projects. Anticipated expenses for these engagement activities are as follows: .1 • Initial Project Activity Evaluation Effort $10,000 N • Document Preparation, Merger/Amendment. t Coordination, Fiscal Analysis $40,000 • Project Area Committee Formation/Staffing $10,000-515,000 • Environmental Documents $40,000448,000 ` • Meetings: Council/Agency, PIanning Commission, Taxing Agency $8,000-510,000 • Staff Reports, Resolutions, Notices $2,000 Number of Copies: Up to five 15) copies of each document, report, map and individual graphics are included in our fee quote. Additional copies will be provided at actual cost plus a 10% overhead charge. Invoking: Invoices will be issued monthly and are payable upon receipt, unless otherwise agreed upon in advance. Invoices will identify tasks completed to date, hours expended and the hourly rate. Scope of Work Modificadon: In the event the final scope of work should change to a degree � Pe 1?e g 8r that would alter the fee, RSG will contact the Agency in writing and submit a revised fee schedule prior to the commencement of work. Requests for extra work will be documented, and a completion time and compensation amount will be submitted for approval prior to initiating work. Rb=7ow5prvsaek Group,Ina City of HunhiWton Brach RcdcvdopMCnf Aency Clctolr, 1995 13 Ptoposd forRodemlopment Consultantsmrvic= ' Schedule of Fees: Our quoted fees are valid through July 31, 1996. Non-contract services commenced after this date that are not included as part of the Scope of Services presented in this proposal will be r charged at the fee schedule effective on August 1, 1996. RSG's current hourly fee schedule is presented below: Principal $120.00 j Associate .1 90.00 ■ Senior Anlayst 80.00 Analyst 70.00 Word Processor/Graphic Artist 40.00 i Reimbursable Expenses: Cost plus 10% r As a policy, RSG does not charge clients for mileage, parking, telephone-fax expense, postage, and incidental copies. However, we do charge clients for additional insured certificates, -� messenger services, Express Mail/Federal Express costs, and copies of reports, documents, notices and support material. These costs are charged at actual expense, plus a 10% surcharge. .� ~� RSG carries general liability insurance in the amount of $1,000,000 combined single limit per occurrence with a $2,000,000 general aggregate; fire damage liability in the amount of $50,000; and medical expense liability of $5,000; automobile liability for non-company owned automobiles in the amount of $1,000,000 combined single limits; $1,000,000 professional liability; and worker's compensation and employer's liability insurance in the amount of $1,000,000. A Certificate of Insurance will be supplied upon request. RSG provides all employees with full-paid medical insurance coverage. A=ztowSpcvsak Group,Ina ao of FrunfinSton B;csch Redevelopment Asency Orto&r, 1995 14 Ptvpasal for Redevelopment Con mulant Scrnces P-'ENED FROM ,MADE A PART OF THE RECORD CUUNCIL MEETING OF OFFICE OF THE CITY CLERK CounciVAgency Meeting Held: Deferred/Continued to: O Approved ❑ Conditionaliy Approved 0 Denied City Cleric's Signature Council Meeting Date: February 5. 19% Department ID Number. ED 96-M CITY OF HUNTINGTON BEACH REQUEST FOR REDEVELOPMENT AGENCY ACTION SUBMITTED TO: Honorable Chain-nan And Redevelopment Agency Members SUBMITTED BY: Michael T. Uberuaga, Executive Director PREPARED BY: David C. Biggs, Director of Economic Development SUBJECT: CONTRACT FOR CONSULTANT SERVICES -PLAN AMENDMENTS FOR THE CnnrS REDEVELOPMENT PROJECT AREAS Statement of Issue.Funding Source,Reconrrunded Action.Akenu tiv*Acdon(s) Analysis,Emkorknsntal Status,AttacNnwd(s) Statement of Issue: On October 2, 1995, the Agency authorized staff to pursue Plan Amendments for the city's five redevelopment project areas. Also, authorized at that time was up to $200,000 for the procurement of technical and legal assistance. A contract for this assistance is attached. Funding-Source: Redevelopment Administration Account. Recommended Action: Motion to: 1. Approve the attached contract as prepared by the City Attorney's office between the Redevelopment Agency and Rosenow Spevacek Group Inc. to provide technical assistance in the preparation and presentation to the Agency of proposed redevelopment project area plan amendments. Alternative Actions : Do not approve the attached contract and analysis. Analysis: Staff prepared and distributed a Request for Qualifications and Fee Quote to firms providing technical assistance regarding project area amendments, adoptions, and mergers. Proposals were due October 6,1995, and four firms responded. Interviews with the responding firms v&vre conducted on October 19 and 23, 1995, and it is staffs recommendation that the attached contract with Rosenow Spevacek Group Inc., be approved as the most highly qualified to provide technical assistance. REQUEST FOR REDEVELOPMENT AGENCY ACTION F MEETING DATE: February 5, 1996 DEPARTMENT ID NUMBER: ED 96-06 The scope of work is consistent with the direction of the Agency Members and would include an analysis leading to the merger of the five Redevelopment Project Areas for financial purposes and the potential amendment of project area plans to extend the life of each plan, the financial limits, and to maintain or restore eminent domain authority. In addition to procuring these technical assistant services, spacial legal counsel will provide guidance in the preparation and adoption of these amendments under separate agreement with the Agency Attorney. It is anticipated that the amendments could be presented to the Redevelopment Agency within ten to twelve months from the commencement of the work. Environmental Status: NIA Attachments : RSG Contract FtAA9606.DOC -2- 01/04196 4:30 PM ATTACHMENT # 1 t ENGAGEMENT ACTIVITIES Based upon the RFQ and disciissions with the City's economic development consultant, it is our understanding that the Agee y is considering a merger of, and amendments to, five existing redevelopment projects; the first priority is to structure a merger of these projects inIorder to enhance the Agencys cash flow situation and improve its ability to refinance and/or issue new bond debt The second priority is to amp..nd provisions unique to each of the redevelopment projects to extend or ' reinstitute eminent domain authority, to extend the time limit within which to incur indebtedness, and 4 increase the dollar limit on the receipt of tax increment revenue. The unique aspect of this transaction is that though the five projects would be merged into one redevelopment project, the California Redevelopment Izw requires that the merged project's redevelopment plan must stipulate finandal and time limits that are specific to the©rcumstanees associated with the existing projects. To date,both the City's economic development consultant and financial advisor have reviewed these issues and 4 recommended that the Agency retain a redevelopment consultant to: • design the best structure for the mergerlamendment activities;and • undertake document preparation, project coordination, fiscal analysis, and community interface activities associated with processing a mergerlamendment This section of our Statement of Qualifications sets forth RSG's suggested approach to these engagement activities. Though the RFQ did not specify that a scope of services should be included with the submittal, we thought it prudent to briefly outline the approach we would undertake and highlight the services our consultant team will provide. Scoping Meedng witfi Staff/Project Team: RSG will meet with assigned staff, project team members, and legal counsel to refine the work effort, discuss critical issues, and identify City officials who may be of assistance in assembling information on: financial constraints and opportunities, physical, economic, and social conditions that pervade the project areas, existing redevelopment and economic development studies, and City/Agency budgets, work . program, and improvement programs that set forth the projects and activities proposed for the project areas. An important task will be to discuss the vision, goals, and objectives for this effort to ensure that the desired outcome and results are delineated for the project team. Ro=vowSprvscrk Group,Ina ao,ofH=iWon Beach Ank- rlopmaitASr=Cr Actor, 1.9.95 1 Propo 1 for"cvrlopment Conmitirnt Sc7w= Issues Analysts: RSG's discussion with Agency staff indicates that questions remain regarding the financial and legal benefits of merging the projects. In particular, concerns were raised as to whether or not sufficient bond and revenue capacity would be generated as a result of the merger. RSG proposes that once baseline data has been collected, - SG will then ' evaluate this information in order to identify the financial benefits and constraints the merger would generate, and delineate the ' most cost effective course of action the Agency should pursue to accomplish the goals and objectives of the merger/amendment activities. Review Findings with Project Team: Once our analysis is complete. RSG will then _ convene a project team meeting to review our findings and identify a recommended Course of action. From these discussions, RSG will then prepare a project merger schedule that incorporates: the procedures set forth in the Redevelopment Law for merger/amendment activities, City meeting dates and agenda deadlines, and document preparation and review time frames. 1 Perform field Survey: RSG will conduct a parcel-by-parcel detailed land use and blight analysis of the project areas. This survey will document urbanization, land use, and economic conditions as defined by the Redevelopment Law, as well as surface potential ' redevelopment opportunities. This data will then be incorporated in the appropriate documents in order to justify: the need for the merger, the reimpositionlextension of eminent domain authority, and the modifications to the financial and time limits embodied in the current redevelopment plans. 1'asmowSpemcck Getup,Loa C}ty at'Hurtt$WW Beach Rode dop v=t icy y oacber, 1995 2 PnWMl forRedewJopment ComulMnt Smices Document Blighting Factors and Conditions: Using our sophisticated parcel management database, RSG will integrate the results of the blight and land use survey with ownership, assessment, and sales data from the Orange County Assessor's Roll. The master database would then be analyzed to identify blighting conditions at the parcel, block, or other geographic levels. This infoAwtion would be tabulated and narratively described. RSG will also prepare maps depicting the blighting conditions. f Areas of focus will include: O A photo por#oi lio of the project arras. O A housing ndition analysis of key residential� g s. O A building condition analysis of major commercial proper'* ` O An rsfrastructum review to identify inadequate and dilapidated public f"UitialSnfrastructurE� O An employment blase a Aconcerning underemployment and unem t in the community. O A review of major commercial properties to anal re wcRncy rats and capadry utilization. 1 O An economic analysis of the viability of commercial J use,new wnstruction,and rehabilitation compared to existing Huntington Beach rents. J O An analysis of commercial uses that hacae left J Huntington Beath or plan to leaw in the im» iate future. O An analysis of competing communities in terms of economic opportunities and asaadabk retail; office, and commercial properties. Identify Projects/Programs: Once the baseline blight data is compiled, RSG will then work with City staff and the project team to formulate redevelopment projects and programs. Our approach will be to provide example projects/programs that would address conditions specific to the project areas, and then work with the aforementioned parties to further tailor them to fit the unique needs of the community. 1'4z=owSperscrk Gmup,bra [sty of Hunti W01r Barth Radcreloprrlcnt Ag=C-Y Uctober, 1595 $ A-npara1 for Redevelopment C onsultant Semc es Prepare Required Merger/Amendment • ' [documents: As part of our effort, RSG will prepare the documents required by the Redevelopment Law for mergerfamendment activities. Every attempt will be made to prepare these • documents far enough in advance to provide: sufficient staff and legal counsel review time prior to agenda submittal deadlines. Required documents shall include the following: O Sunvy area map and resolution. O Preliminary plan. O Redcsxlopmem plan for the merged projetx O Preliminary report • O Report to council. O Owner participation guidelines for the merged _ pro1em O Method of relocation for the merged projects Prepare Staff Reports and Adoption Resolutions: As part of our project merger/amendment engagements, RSG also prepares required staff reports and resolution for use by Agency staff and legal counsel. The reports and resolutions will be prepared in the format required for Planning Commission, Agency, and City Council agendas. Further, RSG will also prepare all transmittal notices, property owner letters, and other communication materials for Agency staff signature. Finally, our data transmission capabilities will enable us to transfer all documents via modem for use at Agency offices. Develop Tax Increment Revenue Model: Using the County's 1995-96 tax roll, RSG will develop tax increment revenue projections involving taxable secured and unsecured properties in the project areas. This revenue model will indicate the annual low and moderate income housing deposit, affected j taxing entity payments, and remaining Agency nonhous'ing revenue. The model will also indicate the cumulative and net present _ value of these amounts, and project the merged project's bonding capacity. Finally, a J J -wwowSpcv&mk Croup,Inc. ao oftrunfinvon Bench Rcdowdopmml Ajcncp Q'7olxr, 1905 4 f'tvparsl foi-Redcvdopment Conndtant Semces present value analysis will be performed to determine today's value of the projected revenue resources, thus permitting the staff to evaluate the financial capacity of the resulting merged/amended redevelopment project. Environmental Documents: RSG will subcontract with I SA to provide the Agency quality environmental'documents at a cost-effective . price. For project mergerlamendment activities, CEQA requires that a program environmental impact report be prepared that•- evaluates potential environmental impacts resulting from implementing proposed redevelopment projects and programs. When the exact scope of the projects and programs are defined, ISA will then prepare a detailed scope of work for the environmental effort. Further, they will commit to managing all aspects of the environmental notification document preparation and review process. In order to achieve cost savings, environmental documentation currently being prepared for the City's General Plan update will be utilized in the program environmental impact report for the merger/amendment. # Coordinate Project Merger/Amendment Activities: RSG proposes to assume an.active role in coordinating all aspects of the merger/amendment process, including coordinating the activities of City and Agency staff, legal counsel, environmental consultant, and other entities. The RSG project manager will have the ultimate responsibility for: the delivery of required documents and reports in a timely manner, the accuracy of the work effort, adherence to the established schedule, and formulating solutions to the many.issues and problems that surface during the merger/amendment process. Fo=owSpcwcrk Group,Inc. OtyofHImfi gtnn Bagc*Radcvrlopnrcnl A69en4y CWober, 1995 5 pmposg for Redemlopmarl Consullanl Srsvicw Project Area Committee Activities: Our discussions with Agency staff indicate • that a project area committee may be required for the mergerlamendment. In particular, the Redevelopment Law states that if properties that are developed with housing affordable to very low, low, and moderate income families are subject to acquisition through eminent domain, then a project area committee must be established. Further, it is our understanding that some of the project areas that are identified for a merger include affordable housing. One of the first tasks in evaluating the approach to the mergerlamendment activities will be to determine whether or not a project area committee is needed. If one is required, then RSG will assist Agency staff by managing the project area committee formation process. These activities shall include preparing and coordinating the circulation of meeting notices, conducting the orientation and jelection meetings, managing the election of PAC members, and subsequently staffing PAC meetings as desired by Agency staff. Taxing Entity Consultation: The current Redevelopment Law virtually eliminates the need for taxing agency consultations. However, many agencies still pursue fiscal negotiations in order to secure a priority status for projects that would benefit their efforts. The RSG project manager will assist Agency staff and legal counsel in taxing 3 entity consultations, applying our intimate knowledge of the approach and pursuits of local entities. Other Meedng Attendance: The RSG project manager assigned to this engagement will participate in meetings with staff, Agency members, Planning Commission members, and project area committee members. As requested in the RFQ a minimum of 15 meetings will be included in the overall budget for this engagement. JAdditional meetings will be charged on a time-and-materials basis. J .IPasonowSpetxark Croup,Ins Arty otNunhrston Bosch"cvrlopmurt 4grncy octolxr, 19.95 fi Ptopossl forXcdcvdopmcnt Consultant&rW= FEE PROPOSAL Though the SOQ did not request a price proposal, we have elected to outline a projected cost for this engagement based upon our experience with recent similar projects. Anticipated expenses for these engagement activities are as follows: .t • Initial Project Activity Evaluation Effort $10,000 • Document Preparation, Merger/Amendment, Coordination, Fiscal Analysis $40,000 • Project Area Committee Formation/Staffmg $10,000-$15,000 • Environmental Documents $40,000-$48,000 • Meetings: Council/Agency, Planning Commission, Taring Agency $8,000410,000 • Staff Reports, Resolutions, Notices $9,000 Number of Copies: Up to five (5) copies of each document, report, map and individual graphics are included in our fee quote. Additional copies will be provided at actual cost plus a 10% overhead charge. Invoicing: Invoices will be issued monthly and are payable upon receipt, unless otherwise agreed upon in advance. Invoices will identify tasks completed to date, hours expended and the hourly rate. Scope of Work Modificadon: In the event the final scope of work should change to a degree that would alter the fee, RSG will contact the Agency in writing and submit a revised fee schedule prior to the commencement of work. Requests for extra work will be documented, and a completion time and compensation amount will be submitted for approval prior to initiating work. Je-k$Wow$pry xkGroup,Inc alyofNuffww nBeach gmdn lopme tt&racy O-tohcr' 1995 13 Pmpianel for RedcwJopment Consultant Sere= Schedule of Fees: Our quoted fees are valid through July 31, 1996. Non-contract services commenced after this date that are not included as part of the Scope of Services presented in this proposal will be charged at the fee schedule effective on August 1, 1996. RSG's current hourly fee schedule is presented below: Principal $120.00 i Associate i 90.00 r Senior Anaayst 80.00 Analyst 70.00 Word ProcessorlGraphic Artist 40.00 •r Reimbursable Expenses: Cost plus 101Y) As a policy, RSG does not charge clients for mileage, parking, telephone-fax expense, postage, and incidental copies. However, we do charge clients for additional insured certificates, r� messenger services, Express Mail/Federal Express costs, and copies of reports, documents, notices and support material. These costs are charged at actual expense, plus a 10% surcharge. r, i • i + RSG carries general liability insurance in the amount of $1,000,000 combined single limit per occurrence with a $2,000,000 general aggregate; fire damage liability in the amount of $50,000; and medical expense liability of $5,000; automobile liability for non-company owned automobiles in the amount of $1,000,000 combined single limits; $1,000,000 professional liability; and worker's compensation and employer's liability insurance in the amount of $1,000,000. A Certificate of Insurance will be supplied upon request. RSG provides all employees with hill-paid medical insurance coverage. I .ta=owSp-vacck Group,lna atyoflfunbrWan 6egch rWemlopmentAsency Cktobrr, 1995 14 Ptnposal for RadevetopmentConsultantServicra PROFESSIONAL SERVICES CONTRACT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND ROSENOW SPEVACEK GROUP, INC. FOR CONSULTANT SERVICES RELATIVE TO REDEVELOPMENT PROJECT AREA MERGER Table of Contents 1 Work Statement...................................................................................................1 2 Agency Staff Assistance......................................................................................2 3 Time of Performance...........................................................................................2 4 Compensation.....................................................................................................2 5 Extra Work...........................................................................................................2 6 Method of Payment.............................................................................................2 7 Disposition of Plans, Estimates and Other Documents......................................4 8 Indemnification and Hold Harmless.....................................................................4 9 Workers' Compensation......................................................................................4 10 Insurance.............................................................................................................5 11 Certificates of Insurance.....................................................................................6 12 Independent Contractor......................................................................................7 13 Termination of Agreement..................................................................................7 14 Assignment and Subcontracting.........................................................................7 15 Copyrights/Patents.............................................................................................7 16 Agency Employees and Officials........................................................................7 17 Notices................................................................................................................8 18 Immigration.........................................................................................................8 19 Legal Services Subcontracting Prohibited..........................................................8 20 Attorney Fees.....................................................................................................9 21 Entirety...............................................................................................................9 71w'roseromil aw PROFESSIONAL SERVICES CONTRACT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND ROSENOW SPEVACEK GROUP, INC. FOR CONSULTANT SERVICES RELATIVE TO REDEVELOPMENT PROJECT AREA MERGER THIS AGREEMENT is made and entered into this day 1996. by and between the Redevelopment Agency of the City of Huntington Beach, a public body, hereinafter referred to as"AGENCY", and Rosenow Spevacek Group, Inc. (RSG), a California corI oration, hereinafter referred to as "CONSULTANT." WHEREAS, AGENCY desires to engage the services of a consultant to provide environmental, redevelopment, fiscal and project management services, as they relate to merger of the Redevelopment Agency's five existing redevelopment project areas, in the City of Huntington Beach; and Pursuant to documentation on'rile in the office of the City Clerk, the provisions of HBMC Chapter 3.03 relating to procurement of professional service contracts has been complied with; and CONSULTANT has been selected to perform said services, NOW,THEREFORE, it is agreed by AGENCY and CONSULTANT as follows: 1. WORK STATEMENT CONSULTANT shall provide all services as described in the Request for Qualifications, and CONSULTANTS proposal dated October 6, 1995 (hereinafter referred to as Exhibit"A"), which is attached hereto and incorporated into this Agreement by this reference. Said services shall sometimes hereinafter be referred to as "PROJECT." CONSULTANT hereby designates Frank Spevacek, who shall represent it and be its sole contact and agent in all consultations with AGENCY during the performance of this Agreement. Mftsemwn raw 2. AGENCY STAFF ASSISTANCE AGENCY shall assign a staff coordinator to work directly with CONSULTANT in the performance of this Agreement. 3. TIME OF PERFORMANCE Time is of the essence of this Agreement. The services of the CONSULTANT are to commence as soon as practicable after the execution of this Agreement and all tasks specified in Exhibit"A" shall be completed no later than twelve months from the date of this Agreement. These times may be extended with the written permission of the AGENCY. The time for performance of the tasks identified in Exhibit Ware generally to be shown in the Scope of Services on the Work Program/Project Schedule. This schedu!e may be amended to benefit the PROJECT if mutually agreed by the AGENCY and CONSULTANT. 4. COMPENSATION In consideration of the performance of the services described herein, AGENCY agrees to pay CONSULTANT a fee not to exceed One Hundred Twenty-Five Thousand Dollars ($125,000). Projected costs for discrete areas of consultant activities are set forth in Exhibit MA'. 5. EXTRA WORK In the event AGENCY requires additional services not included in Exhibit"A," or changes in the scope of services described in Exhibit"A," CONSULTANT will undertake such work after receiving written authorization from AGENCY. Additional compensation for such extra work shall be allowed only if the prior written approval of AGENCY is obtained. 6. METHOD OF PAYMENT A CONSULTANT shall be entitled to monthly payments following invoice. 2 Wroserowitaw B. Delivery of work product: A copy of every technical memo and report prepared by CONSULTANT shall be submitted to the AGENCY to demonstrate progress toward completion of tasks. In the event AGENCY rejects or has comments on any such product, AGENCY shall identify specific requirements for satisfactory completion. Any such product which has not been formally accepted or rejected by AGENCY shall be deemed accepted. C. The CONSULTANT shall submit to the AGENCY an invoice for each progress payment due. Such invoice shall: I) Reference this Agreement; 2) Describe the services performed; 3) Show the total amount of the payment due; 4) Include a certification by a principal member of the CONSULTANT's firm that the work has been performed in accordance with the provisions of this Agreement; and 5) - For all payments inc.iude an estimate of the percentage of work completed. Upon submission of any such invoice, if AGENCY is satisfied that CONSULTANT is making satisfactory progress toward completion of tasks in accordance with this Agreement, AGENCY shall promptly approve the invoice, in which event payment shall be made within thirty (30) days of receipt of the invoice by AGENCY. Such approval shall not be unreasonably withheld. if the AGENCY does not approve an invoice, AGENCY shall notify CONSULTANT in writing of the reasons for non-approval, within seven (7) calendar days of receipt of the invoice, and the schedule of performance set forth in Exhibit "A" shall be suspended until the parties agree that past performance by CONSULTANT is in, or has been brought into compliance, or until this Agreement is terminated as provided herein. 3 71clrOUMWlll S6 D. Any billings for extra work or additional services authorized by AGENCY shall be invoiced separately to the AGENCY. Such invoice shall contain all of the information required above, and in addition shall list the hours expended and hourly rate charged for such time. Such invoices shall be approved by AGENCY if the work performed is in accordance with the extra work or additional services requested, and if AGENCY Is satisfied that the statement of hours worked and costs incurred is accurate. Such approval shall not be unreasonably withheld. Any dispute between the parties concerning payment of such an invoice shall be treated as separate and apart from the ongoing performance of the remainder of this Agreement. 7. DISPOSITION OF PLANS, ESTIMATES AND OTHER DOCUMENTS CONSULTANT agrees that all materials prepared hereunder, including all original drawings, designs, reports, both field and office notices, calculations, maps and other documents, shall be turned over to AGENCY upon termination of this Agreement or upon PROJECT completion, whichever shall occur first. In the event this Agreement is terminated, said materials may be used by AGENCY in the completion of PROJECT or as it otherwise sees fit. Title to said materials shall pass to the AGENCY upon payment of fees determined to be earned by CONSULTANT to the point of termination or completion of the PROJECT, whichever is applicable. CONSULTANT shall be entitled to retain copies of all data prepared hereunder. S. INDEMNIFICATION AND HOLD HARMLESS CONSULTANT hereby agrees to indemnify, defend, and hold and save harmless AGENCY, its officers and employees from any and all liability, including any claim of liability and any and all losses or costs arising out of the negligent performance of this Agreement by CONSULTANT, its officers or employees. 9. WORKERS COMPENSATION CONSULTANT shall comply with all of the provisions of the Workers Compensation Insurance and Safety Acts of the State of California, the applicable 4 7Mosenowl1 r1% t provisions of the California Labor Code and all amendments thereto; and all similar state or federal acts or laws applicable; and shall indemnify, defend and hold harmless AGENCY from and against all claims, demands, payments, suits, actions, proceedings and judgments of every nature and description, including attorney fees and costs presented, brought or recovered against AGENCY, for or on account of any liability under any of said acts which may be incurred by reason of any work to be performed by CONSULTANT under this Agreement. CONSULTANT shall obtain and furnish evidence to AGENCY of maintenance of statutory workers compensation insurance and employers liability in an amount of not less than $100,000 bodily injury by accident, each occurrence, $100,000 bodily injury by disease;each employee, and $250,000 bodily injury by disease, policy limit. 10. INSURANCE In addition to the workers compensation insurance and CONSULTANTS covenant to indemnify AGENCY, CONSULTANT shall obtain and fumish to AGENCY the following insurance policies covering the PROJECT: A. General_Liability Insurance A policy of general public liability insurance, including motor vehicle coverage. Said policy shall indemnify CONSULTANT, its officers, agents and employees, while acting within the scope of their duties, against any and all claims of arising out of or in connection with the PROJECT, and shall provide coverage in not less than the following amount: combined single limit bodily injury and property damage, including prod uctslcompleted operations liability and blanket contractual liability, of$1,000,000 per occurrence. If coverage is provided under a form which includes a designated general aggregate limit, the aggregate limit must be no less than $1,000,000. Said policy shall name AGENCY, its officers, and employees as Additional Insureds, and shall specifically provide that any other insurance coverage which may 5 Moserownr,.% be applicable to the PROJECT shall be deemed excess coverage and that CONSULTANT's insurance shall be primary. B. Professional Liability Insurance. CONSULTANT shall acquire a professional liability insurance policy covering the work performed by it hereunder. Said policy shall provide coverage for CONSULTANT's professional liability in an amount not less than $500,000 per claim. A claims made policy shall be acceptable. 11. CERTIFICATES OF INSURANCE: ADDITIONAL INSURED ENDORSEMENTS Prior to commencing performance of the work hereunder, CONSULTANT shall furnish to AGENCY certificates of insurance subject to approval of the City Attorney evidencing the foregoing insurance coverages as required by this Agreement; said certificates shall provide the name and policy number of each carrier and policy, and shall state that the policy is currently in force and shall promise to provide that such policies will not be canceled or modified without thirty (30) days prior written notice of AGENCY. CONSULTANT shall maintain the foregoing insurance coverages in force until the work under this Agreement is fully completed and accepted by AGENCY. The requirement for carrying the foregoing insurance coverages shall not derogate from the provisions for indemnification of AGENCY by CONSULTANT under the Agreement. AGENCY or its representative shall at all times have the right to demand the original or a copy of all said policies of insurance. CONSULTANT shall pay, in a prompt and timely manner, the premiums on all insurance hereinabove required. A separate copy of the additional insured endorsement to each of CONSULTANTs insurance policies, naming the AGENCY, its officers and employees s 7lklrosenow/mm as Additional Insureds shall be provided to the City Attorney for approval prior to any payment hereunder. 12. INDEPENDENT CONTRACTOR CONSULTANT is, and shall be, acting at all times in the performance of this Agreement as an Independent contractor. CONSULTANT shall secure at its expense, and be responsible for any and all payment of all taxes, social security, state disability insurance compensation, unemployment compensation and other payroll deductions for CONSULTANT and its officers, agents and employees and all business licenses, if any, in connection with the services to be performed hereunder. 13. TERMINATION OF AGREEMENT All work required hereunder shall be performed in a good and workmanlike manner. AGENCY may terminate CONSULTANT's services hereunder at any time with or without cause, and whether or not PROJECT is fully complete. Any termination of this Agreement by AGENCY shall be made in writing, notice of which shall be delivered to CONSULTANT as provided herein. 14. ASSIGNMENT AND SUBCONTRACTING This Agreement is a personal service contract and the supervisory work hereunder shall not be delegated by CONSULTANT to any other person or entity without the consent of AGENCY. 15. COPYRIGHTSIPATENTS AGENCY shall own all rights to any patent or copyright on any work, item or material produced as a result of this Agreement. 16. AGENCY EMPLOYEES AND-OFFICIALS CONSULTANT shall employ no AGENCY official nor any regular AGENCY employee in the work performed pursuant to this Agreement. No officer or employee of AGENCY shall have any financial interest in this Agreement in violation of the applicable provisions of the California Government Code. 7 7/MosermllMW 17. NOTICES Any notice or special instructions required to be given in writing under this Agreement shall be given either by personal delivery to CONSULTANTS agent (as designated in Section 1 hereinabove) or to CITY's Director of Economic Development as the situation shall warrant, or by enclosing the same in a sealed envelope, postage prepaid, and depositing the same in the United States Postal Service, addressed as follows: TO AGENCY: TO CONSULTANT: Mr. David Biggs Mr. Frank Spevacek Director of Economic Development Rosenow Spevacek Group, Inc. City of Huntington Beach 540 North Golden Circle, Suite 305 2000 Main Street Santa Ana, CA 92705 Huntington Beach, CA 92648 18. IMMIGRATION CONSULTANT shall be responsible for full compliance with the immigration and naturalization laws of the United States and shall, in particular, comply with the provisions of the United States Code regarding employment verification. 19. LEGAL SERVICES SUBCONTRACTING PROHIBITED CONSULTANT and AGENCY agree that AGENCY is not liable for payment of any subcontractor work involving legal services, and that such legal services are expressly outside the scope of services contemplated hereunder. CONSULTANT understands that pursuant to Huntington Beach City Charter Section 309, the Agency Attorney is the exclusive legal counsel for AGENCY, and AGENCY shall not be liable for payment of any legal services expenses incurred by CONSULTANT. 8 7/Wrosewwllass 20. ATTORNEYS FEES In the event suit is brought by either party to enforce the terms and provisions of this agreement or to secure the performance hereof, each party shall bear its own attorney's fees. 21. ENTIRETY The foregoing, and Exhibit"A": attached hereto, set forth the entire Agreement between the parties. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by and through their authorized offices the day, month and year first above written. ROSENOW SPEVACEK GROUP, INC. REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH, a By: , t.�~v-- public body print name ITS: (drde one)Chairma �resldece President Chairperson By. a,�, F APPROVED AS TO FORM: print name ITS: (dGhxrLQLSecret IChief Financial Z. r Office sst Secretary-Treasure ;3� p City Attorney 8�7 ATTEST: INITIATED AND APPROVED: ���V Agency Clerk Director of Economic Development REVIEWED AND APPROVED: Executive Director 9 7Wrosersm/113*6 #At`�llr1! `'CERTFICATE`�(]F} INSURatVGEw °"� �.- • y x a I1/29/19 a►�narr.a.�.aer�: :�.�.'�� �:: ,.:� ..- .:r„.ate-�M�y»= � r- •. 9 5 I THIS CER-nFICATL IS ISSUED AS A MATTER OF wronmAnom ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE consolidated orange County Ins ; DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE ?6253 Laguna Canyon Rd. , 1190 POLICIES BELOW. ...... -rvine, CA 92718 COMPANIES AFFORDING COVERAGE {714} 7 5 3-7 6 Q 0 €.._ ----• ._ ..._. ._. _............._....-------- A CPTA Insurance Co. .~ LETFM ..--•- �...._ _........_ .... ..._�..............._.._. _. ... . _..._......_. ... _ .......... B •Fremont Compensation .................. _._.__._..__ .._.._._._........_._._._...._._.. . _. _ ..___.. ._........ _ Rosenow-Spevacek Group, Inc. `: COL""'r C Evanston Insurance Co. LEM 540 Be Golden Circle, #305 Santa Ana Ca 92705 OWE p LEM LETM AGwc..i.iMw4r THIS IS TOECEMITY THAT THE POLVES OF OMUR,WCE LWED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED 1184E FOR'*1E POLICY PMOO >r0"7M.WOTWMWANDM ANY>i6CIuiMOANT.TUN OR CONDfTl4 OF ANY CORMACT OR OIHER DOCUMENT Write F ESKCT TO"4W THIS CERTIFICATE MjkY BE>GSUED OR MAY P KAK THE 1l+I. RANCE AFFORDED BY THE POl1GES DESCRIBED HERON IS S1J ACT TO ALL 7HE TEF"S. EXCLdJ".13 ANO CO►�DiiIONS OF SUCH POL1C?ES. EMU SKNM MAY HAVE KM ISMU=BY PAID OUQM . .....F.............................-............._..................p....-............................._._.._... __.....__..E.._......_ _.._.... .... __ .__.._......... xf T"IC of INSURAWX } rM Xy MOM ��Y ,� n L WM A}?L'DmPAL LuxllTf_ 06MOUL A00FO ATE is Z /000,000 �p0 Q,/U�0 0 i 7IXyA1X11G'.AL Q[1#)iAL UABCIIY 7 P12TM 51 �r,� �bQ. j= 1 Y V Q L Y: i .• i ter-S I•• ._.��_._1__Q Q t7 Mt4 Lug �g QC�LZSL 1i p r r- r +NTAT'TV P 6gD0l�AL L AOV fLL1HY i _Z -0 0 0,0 Q 0 $ :OWNW3 t oanRACTORS PFCT. ` _ _ % E4or CCCUMMMf 1 t?0 0 0 0 0 !_- .».». »ram-- ••- --- - ---•--• • -�*�":: I fKWuAmPvT s 50t000 = I ' = I Lmf�w+©aEPow ear s iaU'4�+oeRt � i C12T7657L35 E COMOMM S1401L: 's 1,0 Q Q,0 Q Q Are a�Nn AS1T05 i ip�R0YED 1S TO i R 149 6 01 s sODEY ruUmr s ! IxyneoKrroa O.t1L SCTTOK. C, sa+ • e / / fiwA V = -� AttolrAOX = B $y: DeDutz Olts Y RUJ" _ €f1tiED AUr06 �+WRACT L1ALi IrY MX PCMY CAMAW Mcin u" irr EAdt OOI�JRi?I]+C£ i 1,0001000 A? X 'rl clsA Falw C12TI65M b l/14/9 5 : 01/14/9 6:ATE L1 1 r 0 0 0 r 0 00 • �: _ _ _ ODIM new U=.:e►,a.l.n Fon+ 8 A" wI+>a3ax� sxr 1/Z4 J9 5 01/14/9 6 e`°'A° R L 1,.0 00,0 0�0 CI ASE-MJVL"T 191,o00,o00 LASE.EACH 0 MiotiEE €s 1.!0 0 0/-0 0 0 C€Professional j 8JI02547 303/01/95 03/01196 Occurrence 1,000,000 .Liability !Aggregate 110001000 DEV-Rrnom of OPMTgMsrtotA ItJR Certificate holder is named as Additional Insured with their elected officials, officers, employees and agents. Contract amount $10,000 *EXCEPT 10 DAY NOTICE OF CANCELLATION FOR NON PAYMENT OF PREMIUM ZERTIFICATE HOLDERsik�i k,� f:AN ON. : SHOLR.O ANY CF THE ABOVE DE.Smem POl1CLES BE CAl+CF m BEFORE THE { E)CAIRATION LATE TNEnEoF.THE m=NQ COMPANY WILL ~� LAAII. 0 DAYS WRITra.N NOTICE TO THE CEmricATE HOLDER NAmm TO TK L,1TY OF EUNTINGTON BEACH LIST. ATTU: DENISE WYLLIE 2000 MAIN STREET rAUTHOR=WRESOaAnni , HUNTINGTON BEACH CA 92648 - ..�,,,,,,..x-,a..,,......��. �O"e °a�'0�04�s'�3°4' : �-a'S"�•;s•y'�3�'F� ,���ee �rs�s at^ ���u+� ::.a CORD:sCORPORATION 7944.: RECEIVED FROM AND MADE A PART OF THE RECORD AT THE COUNCIL MEETING OF _-` OFFICE OF THE CITY CLERK Background CONNIE r ROCKWAY,CITY CLERK •December 2, 1996 City Council Workshop on Redevelopment Merger/Amendment Proposal. •Mayor Sullivan/Council Member Leipzig Briefing. Background •EDC meeting of January 12th. Request for further Council discussion at January 22, 1996 workshop. •Council Workshop of January 22, 1996. Purpose & Issues •Purpose: To Review Remaining Issues of the City Council. Is Issues: - Agency's Mission - RSG's Financial Analysis Merger/Amendment Options Purpose & Issues •Issues(continued) - Requirement for Project Area Committee. - Schedule update. - Draft RCA forgoing forward. What Is the Role of Economic Development(Redevelopment In Huntington Beach? Long-Term Versus Short-Term Perspective •Purpose is to expand the economic base, and as such,taxes and other revenues. •Strategic investment of resources otherwise not available to the community(i.e.,tax Increment.) 2 Long-Term Versus Short-Term Perspective •Generation of resources otherwise not destined to the community. Financial Cons-tralnts •Cash flow Inadequate currently. •'Debt`repayment to city. •Long-term resources should be sufficient(timing Is issue). MergerlPlan Amendment •Financial flexibility. •Eminent Domain. •Increase CAPS on tax increment. 3 Merger/Plan Amendmenf PoliticaVcommunity controversy: School Districts. City employee groups(perceived Impact on General Fund). Business community concerns. Past history(criticism of past deals). Downtown •Is Downtown'Done7' •Remaining Projects: - Third Block West - Fourth Block - Waterfront - Chevron 31 acres - Main-Pier Phase 11 Downtown •Qther Issues: - Business Improvement District. - Main Street effort. - Parking management. 4 Huntington Center e Ripe for true repositioning- - Off-priceldiscountlpower center. - Entertainment uses. - Restaurants. Huntington Center e Short-term pain for long-term gain: - Reduction in tax increment/sales tax for reconstruction period. - Opportunity for dramatic increases therea`ter. e City intervention if need be? Business Development Program e Is it worth the effort and expense. e Long-term improvement In perception as a business-friendly community. 5 Business Development Program •Are the results sufficient to sustain politicallorganizational support for program(i.e.,*Sharps" few and far between). 6 �t. DECEIVED FROM AND MADE A PART OF THE ZO�D HE COUNCIL MEETING OF OFFICE OF THE CITY CLERK ` CONNIE 6ROCKWAY,CITY CLERK 'Recommended men ments Purpose of Amendment Main-Pier Huntington Oakview Talbert. Yorktown. Center Beach Lake Reinstitute Eminent X X --- Domain Increase Tax increment --- X --- X X Limit Increase Indebtedness Merged Cap Merged Cap Merged Cap Merged Cap Merged Cap Limit Extend Timeframe to 2002 to 2014 2004 to 2014 2002 to 2014 2002 to 2014 2002 to 2014 Incur Debt Extend Duration of X X -- X X Redevelopment Plans Cumulative Thru Without Project Area Tax Increment Cap 1995/96 Amendments " CAP Hit Huntington Center $84.5 Million $13 Million $71,635,325 No total Main-Pier $15.25 Million $15.9 Million $228,525,912 No annual ($10,406,075) Oakview $90 Million $6.1 Million $25,216,778 No total Talbert-Beach $350,000 $2.5 Million $10,611,699 Yes annual 1999100 Yorktown Lake $250,000 $1.7 Million $7,750,000 Yes annual Current * 2%, plus new development (gWavi&Agcn)Tcc) 1 ROSF ` OW S PEVACE K GROUP INC. Yrla Alessengcr January 18, 1996 Nir. David Biggs, Director of Economic Development RECEIVED FROM e0"''�fU• �rr CITY OF HUNTINGTON BEACH AND MADE A PRAT OF TtdEIRliCOR,�IT THE COUNCIL MEETING oF_ 2000 Main Street OFFICE OF THE CITY CLERK cCr NNE sROCKvrAY•CITY CLERK Huntington Beach,California 92648 Mr. Stephen Kohler, Redevelopment Project Manager CITY OF HUNTINGTON BEACH 2000:Main Street Huntington Beach, California 92648 FEASIBILITY ANALYSIS OF REDEVELOPMENT PLAN AMENDMENTS FOR THE HUN MINGTON BEACH REDEVELOPMENT PROJECTS Dear Messrs. Biggs and Kohler: Enclosed is RSG's final analysis of the need for,and benefits of,a series of redevelopment plan amendments involving the Agency's five redevelopment projects. In short, given the Agency's desire to start new redevelopment efforts,we recommend that the Agency proceed with a series of amendments to all five redevelopment plans in order to remove constraints which severely limit future redevelopment activity. Redevelopment Plan Issues In November, 1995,RSG reviewed each of the five redevelopment plans to identify constraints that would inhibit the Agency's ability to either pay off existing debt or start new projects;these constraints(see Exhibit A)include the following: • The-need to extend minent domain authority: In the event that the Agency desires to implement redevelopment projects involving land acquisition, eminent domain authority may be a useful tool. Presently,the authority to use eminent domain has expired in all but the Huntington Center and Oakview Projects. The Huntington Center Plan's eminent domain provisions expire in November, 1996 and the Oalaiew Plan's provisions expire in July, 2001. 540 North Golden Circle. Snit• 305, Santa Ana. CA 92705-3914. T.l.?{ion•7141541-4585. Fa.714.836-1748. San Diego 6t91967-6462 +. Mr. David Biggs.'Mr. Stephen Kohler CITY OF H[NTINGTON BEACH January 18, 1996 Page 2 • nred to ent tu incrcment limits: Presently,the Yorktown-Lake Redevelopment Project exceeds its annual$250,000 tax increment cap. Given moderate growth projections, it is projected that the Talbert-Beach Redevelopment Projects will also exceed its tax increment limit prior to the expiration of the redevelopment plan. Without an increase in the tar increment limits,the additional tax increment revenue will be allocated to other public agencies. • The need to increase The bond limit: In conjunction with tax increment revenue limit amendments, bond indebtedness limit increases should also be considered. This would permit the Agency to raise additional capital and invest in new redevelopment projects and programs. • The necd togrtend the-time fmme to incur debt: With the exception of the Huntington Center Project, the Agency is prohibited from incurring debt after 2002; the Huntington Center Redevelopment Plan limits the time frame to incur debt to 2004. In the event that the Agency wishes to pursue new projects and/or incur debt after these time frames,an amendment is necessary. Reasons for Amendments Based upon input from the City Council workshop, RSG then analyzed how the aforementioned amendments would facilitate new redevelopment projects. Exhibit B presents a summary of this analysis. In general,an amendment would permit the Agency to both consider new redevelopment projects and complete those which it has authorized. The agency's current obligations dedicate all tax increment revenue(until 2000)to previously authorized redevelopment projects/programs;future redevelopment efforts can only be funded from resources that will be available after 2000. However,because four of the five Projects are prohibited from incurring debt after 2002,the Agency is left with only a two-year window of oppomuuty within which new redevelopment projects can be initiated. Another reason for an amendment is to increase the amount of tax increment revenue which the Agency may receive from the Talbert-Beach and Yorktown-Lake Redevelopment Projects. As stated earlier, the Yorktown-Lake Redevelopment Project has already exceeded its annual tax increment limit; moderate growth projections indicate that the Talbert-Beach Project will also achieve its tax increment limit by 1999, 18 years before this redevelopment plan expires.An amendment to increase these limits would provide from 510.4 to $15.3 million of additional revenue capacity (employing conservative to moderate growth assumptions). *ARW.b 19MItr ti J 'qr Mr. David Biggs/Mr. Stephen Kohler ' CITY OF HUNTINGTON BEACH January 18, 1996 Page 3 Finally,an amendment is also necessary to extend the Agency's authority to use eminent domain,as a last resort, for land assembly projects. The 12 year time limit to employ this authority has expired in the Main Pier,Talbert-Beach,and Yorktown-Lake Redevelopment Projects. In November, 1996,eminent domain authority will cease for the Huntington Center Project, while the authority to enact eminent domain in the Oakview Project will expire in 2001. Because eminent domain authority may be crucial in order assemble parcels for future redevelopment projects, new 12 year time limits should be considered. Merger Alternative The high concentration of ownership,combined with the recent assessed value decline in the Huntington Center Project Area,resulted in the downgrading of the 1992 revenue bonds' credit rating. As a result,the Agency's financial advisor has opined that it is not feasible to either refund the 1992 bonds or issue new bonds. By merging and amending the redevelopment plans, the Agency could potentially refund the 1992 bonds as well as issue new bonds. Benefits of an Amendineat/tiierger Exhibit C highlights the opportunities and benefits of an amendment and merger; an amendment could extend the time frame to incur debt,and increase tax increment revenue and bond debt limits. This would provide the Agency the additional capacity to initiate new redevelopment efforts. Therefore,after meeting current obligations,the Agency would have 12 years to enact new projects and programs, issue bonds,and incur additional loans and advances. Through an amendment and merger the Agency could also establish a new 12 year time frame to enact eminent domain proceedings. The Bottom Line RSG conducted a financial analysis of the benefits of an amendment. This analysis employed two growth scenarios: a conservative scenario that uses a only a 2%growth rate for all five redevelopment project areas,and a moderate growth scenario that incorporates the development assumptions presented on Exhibit D plus a 2%growth for all other properties. Exhibit E indicates the cumulative gross housing and nonhousing revenues under both growth scenarios,with and without an amendment. Gross housing revenues are the Agency's annual 20%housing set-aside deposits. Available nonhousing revenues are equal to 80%of the gross tax increment revenue, less any payments to affected taxing agencies and debt service on the 1992 bonds. It should be noted that available nonhousing revenue does not take into account tax increment reimbursement to developers to facilitate the projects listed on Exhibit D. hLwftnra.iV Mr. David Biggs/%Mr. Stephen Kohler CITY OF HUNTINGTON BEACH January 18, 1996 Page 4 Assuming moderate growth,an amendment would yield an additional S 106.3 million of tax increment revenue. This additional tax increment revenue would be allocated as follows: 532.5 million for housing projects,and$73.8 million for nonhousing projects. The conservative growth scenario indicates that the Agency would receive 533.2 million of additional tar increment revenue,comprised of$11.4 million of gross housing revenue and$21.8 million of nonhousing revenue. An amendment would also provide additional bond capacity. Exhibit F indicates the future net nonhousing bond proceeds the Agency could receive both with and without an amendment. Using the conservative growth assumptions,an amendment would permit the Agency to issue additional bonds yielding a projected$7.0 million in net bond proceeds. Under the moderate growth assumptions,an amendment would allow the Agency to receive a projected$21.7 million more in net bond proceeds. Detailed tar increment revenue projections for each project area are also included. They employ the conservative and moderate growth assumptions and are entitled Exhibits G and H, respectively. This concludes our summary of the evaluation of the five redevelopment plans;we look forward to the opportunity to further discuss these items with you. Please do not hesitate to call us with questions or comments. Sincerely, ROSENOW SPEVACEK GROUP,INC. 4. Frank J.S va k es C.Simon Principal Associate FIS:JCS:dw Enclosures WA&Ch lea,ly „n ` EXHIBIT "A” Plan Amendment/Merger :t•4 •f?1 41�•11' AGENCY'S MISSION r.ryY } R Issues To Only To Start New i' ' Pq off Debt Projects F+A -'J Benefit Bonds POSSIBLE YES .. a iEXISTiNG BONDS)--.-.._ (NEW BONDS) x , Extend Eminent Domain Limit NO YES :.,. : Increase Tax Increment Limit YES YES Increase Bond Limit NO YES Extend Timeframe to Incur Debt NO YES Add New Projects NO MAYBE Other, including housing ? 4 E XHIBIT "B" forReasons r.r ■ Due to Current -Cash Position, No Future Projects Can Be Initiated Until 2000 { r µ r } ■ New Debt Cannot be Incurred after 2002 ■ Tax Increment Revenue Limits Insufficient f f Huntington Center, Talbert--Beach, & Yorktown-Lake rirr�nrn uuurnururu y5::: ■ Eminent Domain AuthorityEx fired in. T.1. }r Main-Pier Talbert-Beach, & Yorktown- If:r } Huntingtonires in 1996;Lake• Center ' Oakview in 2001 x.:-krrrr ��rliYrii � , EXHIBIT Bene fits of Amendment/T\4erger -ia� I -s. 'an Be Ini4 Led Afte-" 2002 a New Projed L m Time Frame to Incur SJj G ! �r yi New Debt Can be VI:, X .j: .............................. Exte from 2002to 2014. ............. . ...... s Eminent Domain Powers Extended to 2008 0 $21 .7 Million of Additional Bond Capacity ap m $ 106.3 Million of Additional Tax Increment «., irrrrr fr<f. rq FjrM Revenue Iflrf�Nl i.iy/I. .�Illk ;h F $32.5 1 Housing Revenue $73 .8 Million of Revenue •+•r�:n H���r�rrrcr4 �:n�nn Nonhousing FXHIM "D" HUNTINGTON REACH REDEVELOPMENT AGENCY 1/18/96 rFVFJ,CPNff—E T ASSU14 MONS TO TAX INCRF.MFNf PROW11ONS Main Pier Redevelopment Project: Developount Projectkas Waterfront RuiNeut Cbevron Project Jrd Block West TOTALS Project Timeshares Hotel Tower Single Family Project Upscale Retail Single Family Project Retail Center Ned Size 1 250 Units 300 Rooms 350 Units Tots! 217,8W SF ISO Units Total Total Value S12K/wk(grow) S53,000hom S400,000heiit S100/SF S300,000hmit $18 Million riming Corm 1. 1997 Cam 1. 1998 Cam. 1998-2004 Con 1.2001 Com 1.2001 Con 1. 1997 1995-96 - - - - - 1996-97 - - 1997-98 - - - - - - 1998-99 27,540,000 - - 27,540,000 - 18,000000 18,000,000 45,540. 1999-00 36,720,000 15,900,000 24,000,000 76,620,000 - - - 76,620, 2000-01 27,540 000 • 24000.000 51.540,000 - - 51,540,000 2001-02 - - 24,000,000 24,000,000 - - - 24.000000 2002-03 - - 24,000,000 24,000.000 21.780,000 15.000,000 36,790,000 - 60,780,0W 2003-04 - - 24.000.000 24,000,000 - 15.000,000 15.000,000 - 39,000,000 2004-05 - 20.000,000 20,000.000 15.000.000 15,000,000 - 35,000,000 91,80u ow 15.900,000 140,OW OW 247,700,OW 21.780.000 45.000,000 66.780,000 18,000,OW 18,OW,000 J 332,414U,OW Huntington Center Redevelopment Project- Devebpn at Prejectloru Talbert Beady Reievelopment Project: Developraeat Prejectk= Mali Redevelopment TOTALS Pacific Park Vlllu Pacific Park Slagle Family TOTALS ELoLect Redesign& Project Pro ecf Townhonm Project Single Family Project Rehabilitate Total Size 16 Units Total 50 Units Total Value S150Million l"alue $190,000h+nit $200,0001wnit riming Com 1. 1999 -riming- Con 1. 1997 Cam 1. 1998-99 1995-96 - 1995-96 - - 1996-97 - 1996-97 - - 1997.98 1997-98 - - 1998-99 - 1998-99 3,040,000 3,040,000 - 3,040,000 1999-00 - 1999-00 5.000,000 51000,000 5,000.000 2000-01 150,000,000 150,000,000 150,000,000 2000-01 - 5,000,000 5.000.000 5,00000 2001-02 - 2MI-02 - - - 2002-03 - 2002-03 - - 2003-04 2003-04 - - 2004-05 - 2004-05 - - 150.0W,000 150,0W.000 150,0W.000 3.040,OW 3.040,(W 1010W.Ow l0,tx10,000 I 10,[(w),m) R06=WW SPCVVAWk Oroup,lr& nnT"X"ra..er.1hWK 1 of i EXHIBIT "E" Huntington Beach Redeyelenment Agency Cumulative Gross Housing & Available Nonhousing Revenue With & Without Plan Amendments PROJECT AREA CONSERVATIVE GROWTH MODERATE GROWTH Witkwt With WitbEwt With Amendment Amendment Amendment Amendment HIJNTINGTON CENTER Gross Housing S 12,861.303 S 15,994.773 S 14,327,065 S 30,394,913 Available Nonhousing 21,429,533 25,716,976 26,577.005 71.567,260 Total S 34,290,837 S 41,701,749 $ 40,904,070 S 101,962,173 Net Present Value(7.5%) S 7,576,970 S 7.817,424 S 16,294,058 S 23,703.616 RiA1N-PIER Gross Housing S 21,692,629 S 27,870,204 $ 45,705,182 $ 59,160.012 Available Nonhousing 53.406,212 65,704,213 149,456,424 169,664.902 Total S 75,098,841 S 93.574,417 S 195,161,606 S 228,824,914 Net Present Value(7.5%.) S 23,166.351 $ 24,024.703 S 59.998.617 S 59,047,416 OAKVIEW,TALBERT-BEACH,dt YORKTOWN-LAKE(Combined) Gross Housing $ 8,602,272 S 10,694,250 $ 8,765,696 $ 11,782,626 Available Nonhousing 16.315,999 21,528,643 16,969,582 25,530,&M Total $ 24,918,16I $ 32,212,893 $ 25,735.279 S 37,333.430 Net Present Value(7.51%) S 7,629,409 S 9,441,942 S 8,004,391 $ 11,001,947 ALL PROJECTS Gross Hbusing $ 43,156,204 $ 54,539,226 S 69,797.943 S 101,337,551 Available Nonhousing 91.151.635 112,949,832 193,003,011 266.782,966 Total S 134,307,939 S 167,489,059 S 261,800,954 S 368,120.517 Increase With Amendment 15 33.181,220 r S 106.319, 63 Net Present Value(7.5%) $ 38,371,729 S 41,284,069 S 93,297.066 S 93,752,879 ZI= Available nonhousing revenues are equal to the 801%of the projected gross tar increment revenue.less pa)1mcnts to taxing agencies(via an existing pass through agreement,and,with an amendment,statutory pass throughs)and dot service payments on the 1992 Revenue Bonds. Rosenow Spevwek Grout+,1w. sLUkART=Taxb -- Rcvwv^:nt% t oft EXHIBIT "F" funtinatoe Reach Redcvcloomest Anzwy Estimated Future Net Bond Proceeds With & Without Plan Amendments (Available Nonhousing Revenues Only) PROJECT AREA CONSERVATIVE GROWnH MODERATE GROVA'TH Year of without with Without with Issue Amesdmest Amesdmest Ameadme■t Ameedoest HUNTINMON CENTER 1996-97 S - S - $ - $ - 2003-04 - 6,846,400 8,989,200 2008-09 - 1,632,400 2013-14 - 1,663.200 - 1,636,8W TOTAL S - S 1,663,200 S 6.846,400 S 12,258,400 MAIN-PIER 1997-98 $ - S - S - $ - 2001-02 7,194,000 7,194,000 20,600,800 20,600,800 2007-08 - 1,992,000 - 10,394,000 2013.14 1,799,600 - 3,718,000 TOTAL S 7,194,000 S 10,885.600 S 20,600,900 S 34,702.800 OAKVIEW, 1997-98 S - S - S S - TALBERT-BEAM, 2001-02 2,292,400 2.965,600 2,723,600 3,850,000 &YORKTOWN-LAKE 2007-08 - - - (CombirL4 2013.14 - 954,8W - 1.086.800 TOTAL S 2,292,400 S 3,920,400 $ 2,723,600 $ 4,936,900 ALL PROJECTS TOTAL S 9,486^ S 16,469.200 3 30,170,800 S 51,898A00 bKreaae With Axmmdsncet Is 6y82.S00 IS 21,727.200 IQt ; Without an amendment to extend the time frame to incur debt,the final year to issue bonds for the Huntington Center Redevelopment Project is 2004;for all other Redevelopment Projm-M the Agency cannot incur debt after 2002 without an amendment. Assumtions: 25 year term,7.5%interest rate, 1.20 debt eovtrage ratio. 12%Cost of issuance, minimum of$150,000 of mmilable nonhousing revenue needed to issue. 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EtS'11r9Z sZVtiZY 00t161Lt Obs'Sls'tl lZs"f60'6 SSG'I£f 16CLWI ZSG'SLI'LEI Tl,bo"'y WC104 SIVtO0'►I IEL'[llt - SIi'100'tZ IWILI'Z OSL=t Z90'111'69 104624 - OlZ'6[C O►t'CO€I 16i'9000El 10CLIS'9 El-ZIOI tt€'IE/'ll t9CMr - TICZE8'1Z W990"Z OSt'61L% Isi'L[6't9 tlr9sL't - l9t'LOE 61r,url L6C'6s6"LZl E6Q'L9C'9 UlloZ 1Z9'f9L'6I 6trlal [I9'S91'61 6truel OS[YOLY WIt1'09 66CSL9'1, • iLS'56Z Ilittrl t0E'IZ9'LlI 16041V9 Il-OIOZ iLE't"'L[ lW1911 - ILf'►6LLI tflIWI 00910LI I96`SSt'SS sCrOLS't 9wou 81271Z'I firswill Z60'r90'9 01600Z tC9'ZE6`SI 00S'99L'l tE9tE611 006'99l'l 00['L69'Z QC9'iss`OS 009C9t'► - OEo'oLZ LOVEsi'[ OI1't►£'S01 LEO'L16'S 601300L t£l'99['1i L06'LS9'i - ul'"I'tl LO6'LS9'I 0S0'IOLt IEO'ZZV9t LS6'ISf r 6EC66Z 11G'rii'l ESWLZV66 6991LL'9 WLOOZ arsOSt[ 116'SSG'I - LZZ'IOitl si6'GSG'1 Oft'OOLt ►L01907t s9E'9Srt - L90IZ 90E'9ZI'i Eirr6916 IES'if9'5 LQ'900Z 60£70'01 "O'Q9►'l - 6OM6'0I ►6►'09►'E QOCS69'Z SOL'90I'LE w'SS['► • OIG'sEZ ►bi's60'[ Zs91Zo'ss I96'Z6t'i 9o-S00Z S1910% rtr99€•1 - 91/'161'6 WWI OS6'0691 116'OS9'EE talsoY - SWIZZ su'il0'i i[L'6IC18 tZ['LSf i SO't00Z ILS'SZI'S OSLuel w'sn's ouur[ OsCuot LWE6i'6Z OtS'Q96C - IZ9'IIZ 6s1 rwl 16MI LL Lwcwi to-f00Z -'ZGs'9 t9E'tll'i - I6L'ZSs'9 t9C/LC1 OOt'169% LII'ft9'SL t9LCS9CE - trb'I0Z LL9'IIO'I ttt'It$1L SOMlYS MEW 'iL9'S E91'91101 LZr`sL9'S Eii'slo'[ SOCts9`Z EZ0,L9L'iZ sis7ll'E - QGV661 LLO'E66 6GrSS1'99 SSC'596'► ZO'IOOI ELZ'4oi'r o6iLAo - ELZ`uos r 6 C"A I9t'ts9'Z 696't6611 LLl'119'E - ZII'061 OWL96 KS'69819 668'6fs'► WOW ► US'E 6trsai - t96WE 6trun IIVSL9$ IIL'Z[E'►[ 9EL'EIL'E - ►9L'6S SlE Ct6 SL6'6WLS 94s'910 0016"1 Gil'tSGt LE9'EK - S1l'rGSt LE9'EP6 s/S'IL9t ZSO'66G'Ol tsl avc 1Cs'►i tSr6l6 60ECCU 69r96S'► 66-8661 840'119'[ Zf9'fSs sL0'l[9'[ ZE9'CS1 16L'1L9t L91'9LCO OCttisl t66'6t 909'S6s O€s'9wo 6x0's4t't I6-L661 91"*LGL 9"UL - 9►t'LSL 9H'LSL Z66'9s9t IEP*Wf IEt'ttt'f ISZ'iT ZZt%Ls 10I'sirEt lll4Z9E'► L6-9661 069'96l'sC u} 8 i 1011 + +1! �i0owu►0d a "m "ow" tw":ar�l7nj PH sy ° �l+iR1�Y *w�'»9MN +P�II Z6 ro ln°1 M/°�°°+0"l L+orv�S wed a'r10AtDD moorp wo 30f1 PAY wominm" Mfg►Y wo"WS":,a wyt1 K7 "t►N 06Z I RV ftt!r!r-I �► ++►+n1"10"7 p0��ugr� �A L7 i 7!aI Aii►'ilI71E CAMj D1■Y rrtrz 9b s i!I s;Hart ouno0s q�nw,p..,�ww�-u°!i00�ia 1[i0�0J011�i at!)b+ iIHIHX3 EXHIBIT "G" Homdelre Pear%PeAwwe&n-~AS-7 TABLE I(e) Tax fnmw e d Revawe nViemum-Coaerrmm Orowtk Somwio [Jc4R7TNc TIAN R MAWS IN►RFTFCT MOM NfJNT1NOTON CENTER PROJECT APFA Year k:Kunatcd Cumulative (ww Exialial AB 1290 N4 Trot 4-U r Muw Dom SOMWO Avattebk l.'rwulatf" Aaannd Not camwau.w Oro" Oroaa Tax 8ead0 Pau Stdat-Y [eoronWt TOW an 92 Bon& Nealrewlme Avait" ll.wlayra•t Na4mm6w Nd Tim Iaerenent iaareiatwl Rswrw Pavarnta Rwwre Raiaalaaearaer! Revamm NaahOrr I ZSU.677 1996-97 1.171.062 14,039.739 235.012 6,626 933.424 933.424 1.043,31) (109.919) (109.919) (I09,819} (109,t89) !99'7At 1.214.004 15.233,742 242,101 6,t45 - 964.351 1,897.711 1.040.263 (75.905) (115,794) (75,905) (115.794) 199$-" 1.253.724 16.507,467 250.745 1.00 - 9"MO $193,691 1.041.16) (49.212) (231,046) - (45,252) (231.046) 1999-00 1,294,239 17,801."6 25t,944 7.291 • 1.021.094 3.921715 1040,663 (12.569) (243,6111) - (12,569) (243,615) 100041 033,565 19.237,271 267.113 1",403 - 931,049 4.159,034 1.043,703 (101,613) (349.269) - (105.653) (349.261, 2001-02 1.377.717 20,514.981 273.943 13011 - 967.633 S,827,490 1.045,035 (77.380) (426,641) - (77,310) (426 2002-03 1,420.712 21,93S.700 294,142 138,716 - 997,853 4,127.343 1.049,600 (51,747) (471,395) - (31,747) (47t ,te) 2003-04 1,464.567 23.400.%7 292,913 14z99/ - 1,022,613 7,853.9M 1.046,100 (17,841) (4%"9) - (17.945) (496.239) 2004-05 !.l09,299 24.909,566 301.960 141.366 - 1,060,073 1.914,071 1.042,000 11,073 (47t.166) - II.M (471.166) 2005-06 1.554.926 26.464,491 310,919 151.921 - 1,092.120 10,006,191 1,031.100 41.020 (437,147) - 41.020 (437,147) 200"7 1,601,465 29.065.936 320.293 1506S - 1,124.107 11,130,991 1,047,750 77,057 (360,090) - 77.057 (360.0%) 2007-01 1,648,905 29.714,191 329,717 NUM - 1.t7t,141 12.2".146 1.047,650 110.491 (249,591) - 110.498 (249.$91) 2001-09 1,697,334 31,412.245 339.471 165.727 1.192,156 13.481.302 1.050,450 141.706 (107,115) - 141.706 (107.185) 2009-10 1,746.742 33,19,986 349,348 170.549 - 1.226,t44 14.701,146 1,035.200 171.044 63.139 - 171.044 63.159 •2010-I1 1,797,117 34.956,104 339.423 171,461 - 1,26=6 1S.M.372 1,033,350 2Ot,176 27Z,034 • 201,976 M034 2411-12 1.14t,500 36,W.604 369."0 180,415 - 1.2".315 17.262.617 1.051,450 239,965 $11.900 - 239,865 511,900 2012-13 1,900.911 31M1,511 380,112 115,6A2 - 1.335,127 11.603,124 1,055.400 279,721 791.M - 279.727 791.626 2013-14 1,954,370 40,639,ttS 390,174 190.122 - 1.372,674 19.976,411 1.054,150 311.124 1,109.710 311.124 1,109.750 2014-15 2,001.t98 42,661.783 401,710 1%.146 - 1.410,9T2 21,317.460 1,060.350 350,422 1.460.173 - 350,422 1,460.173 2015-16 2,06a,117 44,793.300 412.903 201.977 - 1.450,037 22,137.497 1,062.700 397.337 1,947,310 - 317.337 1,947.510 2016.17 2,121,241 46,14.741 424.250 207.116 - 1.499.883 24,327.390 11066,000 423,813 2.271.392 - 423.113 2,271,392 2017-12 2,179,113 49.033,661 435.121 21Z766 1.130,325 25,157.905 1,063,100 465,425 2.736.117 - 461,425 2.736,117 2012-19 2,231,136 51,271.797 447.627 211.521 - 1.971'"1 27.429.31S 1,070,000 501,9t1 3.238,791 - 501'"1 3,231,?9t 2019.20 2.29t,340 53.570,137 419.668 224,407 - 1,614.763 29.044.130 - 1,614.265 4.iS3.063 - 1.414.263 4.853.063 2020-21 2.339.747 55.929,814 471.949 230,402 - 1.657,395 30,701,546 1,657,39! 6,510,432 - 11637.393 6,310.459 2021-22 2,422,313 5l,332.267 434.477 236,512 1,701.388 32,402,934 - 1.701,319 1.211.W 1,701.38t 1,211.( 2027-2.3 2.486,271 60,131,531 497,254 242.756 - 1,746,261 34,149,195 - 1.746,261 9,95l,l07 - 1.746" 9,95t, 2023.24 2.551,437 63,319.975 510,287 240.119 - 1.79Z031 39.941.226 - 1,792,031 11.750,131 - 1,792,031 11.750.131 2024-25 2,617,907 66,007,812 523,581 255.609 1.138,717 37,779,942 - 1,138.717 13.581,835 - 1,132.717 13,588,013 2025.26 2,685,705 61,693.921 537.141 262.229 1.116.316 39.666,271 - 1,116,336 15.471,191 - 1.116,336 15.471,191 2026-27 Z754,860 71,441.448 530,972 MINI - 1.934.901 41,601.186 1.934.908 17.410.M - 11934.904 17.410,09t 2027-28 2,125.3" 74,273.t46 56%ON 275,W1 - 1,924,451 43.305,636 1,924,451 19,394,149 - 1,914,/S1 19.394.949 2021-29 ZIW,347 77.171.193 579.469 2f?,t93 Z,034,93 45,620.621 - 2,034,"S 21.429,533 - 2,034,993 21.429.133 2029.30 - 77,171,193 - - - 45,620.621 - - 21,429,333 - - 21,429,533 2030.31 - 71,171,193 - - - 45,620.621 - - 21.429,133 - - 71.429,533 2031.32 - 77.171,193 - - 43,620,621 - 21,429,533 - - 21,429.931 2032-33 77.171,193 - - - 4S,620.621 - 21.429,533 - 21,429,533 2033-34 77171 193 4S 620 621 21 429533 2f 429 533 TOW 64,306,516 12,961.303 5,124.591 45,620.621 24.191.08t 21,429,533 - 21.429,533 NTV 1 21.061,460 4.211.692 1,673,517 11.111,I52 11,117,974 3.363.2781 3,363.271 EXHIBIT 'tG" Ifamdgtes Be"P."*w@Iopm@W A6wef TABLE I(f) Tat lemammd Revauw P►ojeatiar-Ca+r—dve C3—A S--io b[T.ltiMG F U R>rMAM ri EPFF,CT 1/11." MA[Ai4P[F.R RFDEW Vk*. 1T PRO]Wr ARFA Yew Estimated Cumulative Grew 1;J"U,4 AB 1290 Not Tax Ounwlatm Debt SavM Atti&W L%nwL w Aatmed Net C—letiva Grand Oros Tat Hem PM Stab" [aoramod Taut a 92 BMA Nealtembe Available D-elepmed No6-66 Tot Tax Tneremeet Iawu and li"*r F R"sua Tlaalwra' Rainluratsraat Revamw WoRlwxM;Aff 15.9".71 l 199d-97 2.268.701 11.073.412 433,740 - 1,814,961 1,1141961 1.111.425 633.536 633,536 - 633,534 433.516 1997-91 2.327,336 20,400,749 465,467 1.261.569 3,676,t29 t,120,91S 620,184 IX4,419 610,1114 1,314,419 1991-" Z387,146 22.717,1% 477,429 - 1,909,717 5.536,546 1,179,515 730.132 2.044,551 730,132 Z044,531 1999-00 Z441,156 23,236.098 489,631 - - 1,93f.323 7,543,071 1.177,115 7f1.340 Zt25.291 71SU40 2,t25,f91 200"1 Z510.319 27.746.448 302,078 - - Z008.312 9.SS3.3n 1,1f3,745 t24.567 3,630,451 - f2e 567 3,65-3.411 2001-02 2,373.171 30.320.310 514,774 - Z059,0% 11,61Z479 1,171,610 1:0.416 4,530,174 - 180.414 4.530, 2002-03 Z631,624 32,931.935 527,723 - - 2,110,900 13.723.379 1.1SZ600 9211M 5,459.174 - 92VOO 5.439, 2003-04 Z704,677 33.663.611 340,935 Z163,741 15.897120 1.194,400 979.341 6.439,515 - 979,341 6,431.515 2004-05 2,77Z053 31,435,664 554,411 2.217.642 18.104.763 1,124,00 1,03Z142 7,471.359 - 1.03ZU2 7.471.331 2005-06 ZW.710 41,276,M7 568,156 - Z27Z624 20,377.317 1.183.800 1,01t,f24 1,560.1t2 - 1,01f.124 0.560,112 2006-07 2.910.195 44.197.330 SRZ177 - Z321.701 2Z706,045 1,186.400 1,14Z301 9,70Z490 • 1.14v01 9.70Z490 2007-0t 2,91Z395 47.169,729 596,479 - 2,311,916 29,092.011 1,192,250 1.193,666 f0,f96,1S6 1.193,666 10.496.136 2001-09 3.055.339 50225.063 611,068 - - Z444,271 27.536.212 1.156,000 1232,271 IZI54,427 - 1,251,271 12.154.427 2009.10 3.129,744 53,354.901 623,949 - Z503.795 30.040.077 1.111'"0 1.315,445 13,469,t72 1,315,445 13.469.172 2010-11 3,205.641 56.%0.449 641,122 - ?,564,913 3Z604,390 1,[ff,600 1.379,913 14.945.783 - 071,913 14,114S.725 2011.12 3,2113,059 $9,943,501 656,612 - Z626,447 33,231,037 1,196,750 1.429.697 16.275.492 - 1,42907 16275.4112 2012.13 3;e0;7072 63,205,SM 67Z406 - - Z699,623 37.9"."0 1.197.100 1.49Z323 17.768,005 - 1.49Z523 17.761.005 2013-14 3,447-311 66,61f.117 611,916 - Z734,064 40.674,724 1.193,000 I,S59.064 19.327.069 - 1,339,064 1v27,069 2014-15 3,524,747 70,17Z263 704,949 Z119.797 43.494,122 1,195.450 1,624.347 20,931,417 - 1,624.347 20,931,417 2015-16 3.602.560 73.7f1,423 721.712 zSZ6,141 ",321.369 1,19f.100 1,611,7411 22.640,164 - 1.699.740 22,640,164 2016-17 3,694,052 77.479.475 731,110 - - Z935241 49,SM,61t 1.197.600 1,757,641 24,397,1t06 - 1.757,641 24.397,106 2017-11 3,711.257 81.256,732 736MI - - 3,023,006 52,361,616 1.193.950 1,131.056 26222,961 1,131,0% 26,221.161 2011-19 3.0".210 85.126,9641 774.042 - - 3,096.169 5$,457,714 1,20ZI50 I,194,011 28.IZZVM - I,t94rOlf 219,12Zf79 2019-20 3,960.944 t9,0f7.1" 79Z119 - - 3.168,753 51.626,339 1.201.150 1,967,605 30,090,414 - 1,967.605 30,090,414 2020.21 4,053,497 93,141,392 110,699 - - 3,24Z791 61.669,337 1,2".300 2,036.49t 32.I26,9f2 - 2.036,491 32,126,9f2 2021.22 4.147,904 97,2119,2% f29,301 3,31S.323 63,1f7,660 1,206.900 ZI11.423 34,231,405 - ZI11.42) 34,231,E 2022-23 4.244.702 101.533,408 941,1M - - 3,395,362 61,513,022 1.207,950 ZM7.412 36,423.117 - Z1f7.412 36,425, 2023-24 4,34Z429 105,975,917 961,416 - 3,473.943 7Z036,965 1,207,100 Z266,143 38,69Z660 - Z266,f43 31.69Z660 2024-25 4.442,624 110.311,542 f1tt,525 - 3.554.099 75,611,064 - 3,S34,099 42,246.759 - 3.354,094 42,246,739 2023-26 4,344.126 114,563,36t 900,965 - - 3,631,861 79,246.926 - 3,635.961 41.ItZ621 - 3,635,361 45,SIZ621 2076.27 4,649,076 119.31Z444 929.815 - 3.719.261 1Z966,1f6 - 3,719,261 49.601,111 - 3,719261 49,601.111 2027-21 4,753.413 124.267.137 9S1,0113 3.164.331 f6,770,117 3,104,331 93.406.212 - 3,104.37I 93,406,212 2028-29 - 124,267,137 - - 26,770.317 - 53.406 212 - - 53,406,212 2029-30 - 124,267.937 - 116,770,117 - - 53.406.212 93,406,212 2030.31 - 124,267,217 - f6,770,117 - 53.465.212 - 53,406,212 2031.32 - 124,267,IS7 - M.T70,317 - 33.406212 - 53.406.212 2032-33 - 124267.937 $6,770,117 - 93.406.212 - 33,406,212 2033.34 124 267177 f6 770117 53 406 212 93 04 212 Total 109,463.146 21,692,629 $6.770.517 33,364,305 31.406,212 - 53,406,212 TtPV ) 37,574,434 7,514,1191 30.059.563 14,409,103 15.631.460 13.631.460 EXHIBIT "G" 11ewt1moK A*oc%RalrvoUpame l AIwe7 TARtY.I(r) Tsu Lmomwd Rtv mm N"wbo m•Carman"Growth Som m Lxmm NG PLAN REMA1Ns in rR1 icT 1R" OAKVIPWRFIIEVFLOPIF.NTPRC1]F. rAREA Yew Eatmrated cwmdwnm G~ La" AD12W Net1m lv� 1lattSrrv" A""blr Cwmdauve Awmmd Nd LINMlrtrve Gran Oro"Ts; Rrrmltrl Pa. St� Lra+twwatt TOO as 92 Bamdt l mdwm A g Avtr7able pwwlrmml NON&W-inl NO TaffIrraremmd LWF=Mmt R"OWW P■0-4 R.v.wrr R.imt+urrrrat Rsvae+e Nmhatair+ 6.045.707 1946-97 413,369 6.459,076 IZ674 38.626 - 29ZO70 29ZO70 300,101 (1,035) (1,035) (1,039) (1,033) 19974" 426.293 6,1t5,369 15,2S9 43,141 29 AU 5t9,9% 296.905 "1 (7,054) 9I1 (7,054) 1998.99 439,471 7.324,844 17,895 47,761 303,019 893.779 291,655 5,164 (I,t9Q) 5,164 (I,t90) 1999-00 4SZ922 7.777766 90,584 SZ467 - 309,870 1.203,645 291,045 14,t2$ 1Z939 14,121 1Z931 200"1 466,616 8.244.402 93.327 59.739 313,570 1.917X5 296,345 17.225 30.160 - 17=3 30,10 2001-02 480.626 I,Tt1,02t 96,125 64,932 - 319,S69 1,836,794 302,250 17.2t9 47.449 17,289 41 2002-03 494,895 9.219,923 98,979 70.227 - 321.611 Z16Z473 297,500 28,118 75,63t 21.18I 75, 2003-04 509.449 9,7",372 10[,t90 75,629 331,930 Z494,403 297. 00 34.330 109,%t 34.330 109,%1 2004-05 524,295 10,253,667 104,259 11.139 - 331,297 Z13Z699 297,350 40.947 150,914 - 40,947 150,914 2005-06 539,437 10,793.104 107,t87 86.759 - 344,790 3,177.06 2%.750 49,040 19t,975 - 4t,040 19195S 200647 554,882 11.347,986 110.976 PZ492 - 331,414 3.121,904 300,800 50,614 249,%9 So,614 249,569 2007-08 170,637 11.911,623 114.127 91,339 • 331,170 3,tt7.074 2".150 $9,020 30I,St9 59,020 301,10 200" 5t6,706 1Z505,329 1171341 104.303 - 365,062 4,257.135 297.130 67.912 376,500 47.912 376,500 2009-10 603.096 13.101,425 120,619 110,326 - 372,091 4,624,226 304,00 67,291 443,791 67.291 "3,791 2010-11 619,915 13,721.240 123.%3 120.406 379,446 4.999.672 301.400 74,046 917,137 74,046 517,237 2011.12 636,161 14.365.101 127.374 126.976 - 31Z511 5,3MI91 297.650 84,861 6OZ704 - 94,86t 6OZ706 2012-13 6u,762 11.019.369 130.112 133,677 - 319,732 5,771,9M 303.550 16.1t2 618,11r7 t6,182 611,187 2013-14 672,001 15.691.373 134,401 140.913 397,090 6,169,012 303,400 93.690 79Z577 "A" 7IZ577 2014-IS 690.100 1011,4T3 13I,020 147,415 - 404,394 6.573.607 297,550 107,044 219,622 107.044 889,622 2015-16 701.151 17,090.031 141,712 154.197 MOO 6.9ti,t9d 301.350 110.900 1.000.521 - 110,900 11000,521 2016-17 727,396 17.117.417 143.477 161,tS1 - 420.058 7.409.914 2",100 120,911 1.121,479 120'"1 1.121,479 2017-11 746.590 11,564,001 149.311 169.250 422,022 7.133.936 301.150 126,t71 1.244,331 126,t72 1.241,351 2018-19 766,179 19.330,117 153,236 176.791 436,145 8.2".081 30Z150 133995 1,31W46 - 133991 1.3t2,344 2019-20 786.159 20.116.345 137.232 194.496 • 444.431 8.714,512 302,100 14Z331 1,524.477 14Z331 1.324.677 202a21 006.539 20.92'1,I84 16I,30I 19Z341 - 452,113 9,167;396 Wpm 146,8t3 1.671.561 146,893 1,671,561 2021.22 127.326 21.750.210 161,461 200,337 - 461.504 9,628.900 303.500 151,004 1,f29,S63 15I.W4 1.t29,f 2022-23 148.529 2Z591,739 169.706 201,526 - 470,297 10,099.197 304.950 163.347 1"4,912 165.347 1,994A 2023-24 870,156 23,461.893 174,031 216,859 - 479,266 10.371,463 - 479,266 2,474.17t - 479,266 Z474,17t 2024.25 89Z216 24,361.110 171.443 229.359 - 419.415 11.066.TN 488,413 2.96Z593 419,411 2.4*Z593 :025-26 914.717 23,275,t27 11Z943 234,021 - 497.746 11,564,624 - 497.746 3.460,339 497,746 3,460,339 2026.27 937,667 26,213,494 111.533 I42,070 507.264 1Z071,It/ 507,264 3,961.603 307,264 3,967,603 2027-2t 961,077 27.174,572 142.215 251.1t9 - 516.973 12.511,I61 - 516,973 4,494,376 316,973 4,04,576 2021-29 914,951 21.159,SZ7 196,991 261,0t9 - 326.175 13.115.736 - 326,t75 5,011.411 • 526,t75 5,011,451 2029.30 I.009,311 29.169.931 201,t62 270,473 334,976 13,65Z712 - 336,976 9,546,427 536,9% 5,541,427 2030.31 1,034.154 30,202.992 206.131 2t0,045 - 547.Z71 1099."0 - 347,27t 6,0".705 547,278 6.095,701 2031.32 1059.493 31.262.423 211.1" It4,t07 557,7t7 14,757.777 537.7t7 1.631.492 357.717 6,633.492 2032-33 - 31.26Z415 - 14.757.777 - 6,633.492 - 6,613,492 2033-34 31 26 485 14,757,777 6,651,492 6,653,492 ToW 25.216.779 5043J% 3.415,645 14.757.777 8,104,283 6,633,492 6,653.492 NPV ) 7.511.245 1:516.249 054,519 4.710,437 3,517,004 1.123.419 1.123,411 EXHIBIT "G" ' lltwar mosom Ones: "aw1mmma4Atemy TANIZ I(4 Tut lnmxma Revemm Projmkm-C nwvWj"Orwv&Sovrio ZXIt[ING PiAN1 REMAINS IN t.FFF.CI I!1 m TAIBF1tT-BEAC71 RMF.YF1.O%TNC PROIFCT Yon immut.d Ctmuisitivw (:swr Existing AB1290 Not Tax CNMWA" 13abtS.VWO Awil.ile C:ed.4w Ammood Nd Cwmm l w of Oros+Tax 17-869 PM Statrlary Lmranot Tog an 92 Bands N.w`wdng Avail" D-OWPON* Noah—iog Net Tax Isprenuml Lroradal RWVMNO P.v.sra Rovwr R-immb� Rivas Nomficonsiog Z471,204 1996-97 254,979 Z726,113 50.9% - 203.913 203,"3 16Z149 41.934 41.034 41,134 41.134 1997-91 260,397 Z986.380 12,079 - 201.317 41Z301 160,643 47.672 29,507 - 47,672 t9,507 1991-99 265.923 3,212.503 33.115 - - 217,738 623,039 139.145 33,593 143,100 - 13,593 143.100 1999-00 271.159 3.524.062 34.312 - - 217.247 "Z206 162.595 $4,652 197.712 $4,652 197.752 200MI 277.301 3.801,370 55,462 - 221.646 1.064033 160.675 61.171 259,924 61.171 231,974 2001-02 233.172 40114,542 55,634 226,531 1.1",670 152.710 67,11211 326.151 - 61,t21 326.751 ZM-03 299.153 4,373,693 57,911 - - 231.323 1.321,993 161."0 69,623 396.374 - 69,623 396,371 2003-04 295,254 4,661,930 59,031 - - 236,203 1,7S1.196 119.210 76.953 473.327 - 76,953 473.327 ZN4-05 301.477 4,970,427 60,295 - - 241.112 1".372 166,t00 74,3t2 147,709 - 74.392 147.709 2005-06 307,123 5,2711,252 61.S65 - - 246,260 2,241,631 163,650 IZ610 630,119 - SZ616 430.319 2006-07 314,299 3,592.!31 62,t60 - - 2S1,439 Z497,077 165,500 13,939 716,251 - 31,939 716.251 2007-01 320,903 5.913,454 64,111 - - 256.722 Z733,100 162.000 94.722 810'"1 94.722 110,911 200t-09 327,639 6,241,093 65.321 - 26ZII1 3.011.911 163.500 9t,611 909,592 - 91,611 9".192 2009-10 334,510 6,575,602 66.902 267.601 3,203.519 199.650 107."1 1.017.$30 - 307'"1 1,017.550 2010-11 341.511 6,917,120 61,304 - - 273.214 3.956.733 160,800 11Z414 1,129.964 - 11$414 1.129.964 2011-12 348,666 7.269.7% 69,733 - 278,933 3,131,666 166,600 lIZ333 1,24Z297 112,333 1.24Z297 Z012.13 350,040 7,615,7% 70.000 - - MOM 4.11904 1%.700 113.300 1,S5,597 - 113.3" 1.359,597 2013-14 350,000 7,965,7t6 70.000 220,000 4.3",666 166.450 113.350 1.469.147 113.350 1,"9,147 2014-15 350.000 8,315,7t6 70,000 290.000 4,671.666 160,810 119.150 1.511,297 • 119,150 1.51t,297 2015-16 350,000 1,663,796 70.000 - - 220.000 4,933,666 165.230 114.750 1,703,047 114,730 1,703.047 2016.17 356.000 9,015,796 70.000 - - 2t0,000 5.233,666 163,950 116,050 1.119,097 116.0S0 1.819.097 2017-1 t 350,000 9,363,716 70,000 - - 210,000 5,513,666 16Z300 117,700 1,936.797 - 117.700 1.936.797 2011-19 350,000 9,713,7t6 70,000 280.000 3,793,666 165,300 114.700 Z051,497 314,700 Z051,497 2019-20 350,000 10,069.7t6 70.000 - 2t0,000 6,075,666 167.600 I1Z400 Z163,197 - 11Z400 Z163,1197 2020.21 350,000 10,413.796 70.000 - 2t0,000 6,335,666 164.200 115,100 Z279,697 - II9'"0 2.279,697 r 2021-22 350,000 10,763,716 70,000 - 210,000 6.639,666 165,450 114.550 Z394,247 - 114,330 2,394,2i7 l 2072-23 350,000 11,113.786 70,000 280,000 0,915,6" 1"'000 114,000 Z301,247 - 114,000 ZS01,247 2023.24 350,000 11,465,716 70,000 - 210,000 7,195,666 165,t50 It4.150 2,622,397 - 114,130 Z62Z397 2024-25 350.000 11,111,716 70,000 2t0,000 7,473,666 - 230.000 Z902,397 210.000 2."Z397 2025.26 350,000 ]Z163,726 70.000 - 2t0,000 7,753,666 - 2t0,000 3.111Z397 - 2t0,000 3,11Z397 2026-27 330,000 1Z513,786 70,000 - 280.000 1.031,666 - 210,000 3,462.397 - 210,000 3,462.397 2027-21 IZ315,716 - 1,033,6% - - 3,46Z397 - 3,46Z397 2021-29 - 12.315.786 - - UAW - - 3,46Z397 - - 3,462,397 2029-30 - 1ZS19.716 - 1,033,666 - 3,462.397 - 3,462.397 2030-31 1 Z319.7" 1.035.6% 3,46Z397 3.46Z397 2031-32 - IZI19.796 - - 1.031,666 3.46Z397 3.46Z399 2032.33 - 12,313,716 1.031.666 3,462,397 - 3,462.397 2033.34 17,113.TB6 t 03!666 3 46 397 3,462,397 Tots1 10,044,312 2.001,916 t,035,666 4,573,269 3.462.397 - 3.462.397 NPV(7's) 3,127,914 76i,991 3.06Z363 1,972,201 1,040,162 1 1,090,162 iYt' ^ 4t' � 4 .N. � �../ "wf .N. p « wq. .w j• .�. N ;- P .b. r W W W W ff,�71 N N N N N N N N A �I a M • W N O �O i +I k . t _w N H CK u ♦ 1.! N 4 777 .s N C O QQo QQOp O QQOpp QQOpp QQOpq QQO O QQOQQ QQOpQ QQOo OOQ QQO 7 QQO QQOp OQQpp PQOp Op'�` QQOo OpQ QQOp O^� O O GQ¢p OQQp Op O O i v . . . . ■ . • O O O O O O C. � � 0 0 0 0 � $ $ O Q Q O 0 0 0 0 � � 0 0 0 +op:opp:o:op �e ��wn;�vvvaaaa ■w .wu. .w_w� wwwvvWNNJrN '� � � � � N J J , M u u u u lA u " u u u u N u �• 0 0 0 0 0 0 Q O O 0 0 0 b d O O Q O O O 088 O pQ OpQ S O O O88 O p¢Op O 0 O pppp pqpq opop QppQ QppQ 88 88 pppp pp S S pp 8 8 S pp � $ • • • • . • • $ $ V � V O � O � O � � � � G Q V � 9 V 0 0 0 O O O O O O O O . • . . . • . . • . . . • . • • . ■ • . . . . . • / • r . . . . . ■ P ... z A � a a a a a a a a a 4A u u M u db a\ ab i i w W ./W W {• f.]W W N •• ..� H y a P W $ r . . \ • • \ v v � V Q � P � � P V � � d � � � v � � G ? v � � G � � 9 Q a a a a a a u M M kA u a. p. I. w i W W W W 4! r+r . .... 0 waaaaaa Ah i a. i+W W W W WN!'+l'+ EXHIBIT "G" IiwrHa m P--%Itedawloposs rl A"" TAMY..2 Tax laoeanant Reva me Pre"O mr-C.otra verve Orowth Somrio 34TTH AMY2%MMt4TIMfRGF t 1111196 Year FAImmed Cwmldtivv Grass Exiniet AB 1290 Net Tot Cemwmtiva i)ebt Savioe Avstlabte Ctimdouw Awmed Not Cwmiwiva Oro" Chou Ttac go-be PW Stsm-Y laontwreN Tots! oa 92 Ratdt Narr.sew6 Avoit" Dw4V=-t NoAatrift Net Tax lttatenwg law and 160+010w NLW a Revem" Naphooff6c R860mrratrrl Rwawa Keohmrin 3t.t%,690 1996-97 4,434,407 43,331.097 886,88) 49,211 1,331 3,500,%* 3,500,940 Z686,992 113" 113,941 - 113" 813,941 1997-91 4,157,131 47.111=0 911.426 49,994 2.696 3.593,013 7,093,9SS 2,671.791 914,218 I.728,166 - 914.218 1,728.166 19"-99 4.682.313 S2.970.541 936,463 34,131 4.094 3,686.935 10,710,190 Z,679,541 1,008,311 Z736,154 - 1,008,311 2,736,554 1999 00 4.110.001 57,380.542 962.000 19,764 5.500 3.712.736 14.563.626 2,675.411 1.107.249 3,143,902 1.107,248 3,243,102 200"1 4.940;46 62,320.7ft 98f,049 IM142 d,94S 3.755.110 1t,311.737 2.614,468 1,070,643 4,914,44S 1,070,643 4,914.443 2001-02 5,073.100 67.393,221 1,014.620 199.450 1,418 3.850.612 22,169.340 2.614.70S 1.169,907 6,080.352 - 1.169.907 6,080,312 2002-03 9,201,614 72,602,S01 1,041.723 208.944 25,011 3,932,t% 26,102.245 2.691,400 1.241,496 7,321.148 1.241.496 7.321.149 2003-04 5,346.141 77,94V42 1,069.361 211.621 4ZO16 4,016,t29 30,119,074 2,697,750 1.329,079 1,6SQ927 - 1,329,079 8,650,927 2004-05 5.417.836 13,437.178 1,097.%7 228.503 67.532 4,094.732 34,213,306 2,690.950 1,403,212 10,054,209 1,403= 10,054,209 2005-06 5.631,654 19,06t.132 1.126.331 238,590 93,55t 4,173.185 31,396.491 2.695,300 1.477.895 11.732,094 1,4r,113 11.53Z094 2006-07 5,779.391 94,f47,113 1.115.670 241.857 121,472 4.2S2,"3 42,631.843 2,700.450 1451,903 13,013.997 - 1.351,903 13,013,997 2007-01 3,927.986 100.775.169 1,115,197 259.339 149,944 4,333.106 4d,971,949 2,701.050 1,632,016 14.726,093 - 1,63ZO% 14.716.053 2001-09 6,080.616 306,355.735 1.216.123 270,030 178,9i7 4.415.476 51,317,425 2,697,100 1.711.376 16,434.428 - 1,71t,376 16,434,42t 2009.10 6,236.303 113.OZOI8 1.247.261 280.936 201.612' 4,499,495 SS,186,919 Z708,600 1,79O,89S 11.225,323 - 1,790,195 lt,223,323 2010.11 6.395.106 119,137.194 1,279.021 295,174 23t,t?9 4,581,312 60,468,302 2.704,150 1,177.232 20,102,555 - 1,177,232 20.102.555 2011.12 6.557,088 126.044,283 1.311.411 307.461 269,651 4,661.991 65,136,160 2.719,450 1,949,101 22.051,664 - !949,lOI 2ZOSI,d64 2012-13 6,722.314 132,766,S% 1,344,463 319,280 316,519 4,741.992 69,t71,843 2,727,750 2.019,232 24,0",1% 2.019,232 24,070.t% 2013-14 6.290,847 139,657,443 1,379.169 33035 364,466 4.116.976 74,695.719 7,719,400 2.0",476 26,16un 2.097,476 26,I61,372 2014-13 7,062,754 146.720.197 1,412,511 343.631 421.708 4,884,863 79,380,Sf2 2.714,400 2.170,463 2t.331,176 - Z170,463 21.331,136 2019-16 7.238,102 153,951.24t 1,447.620 3%,174 480,096 4,934,211 94.534.793 2.727.4M 2.226,111 ".%5.647 2,2m,111 30,165,647 2016-17 7.416,960 161.373,231 1,413.392 361,%7 339,654 3.024,947 89,539.741 2,726,630 Z,29t,297 32.263,944 2.29i,297 32,163.%4 2017-11 7.599,399 161,974,657 1,519.880 38 O16 600.403 7,097.100 94,6M.940 2,722,500 2,374,600 35.231,344 - 2374,600 35.231,544 2019.19 7,785,489 176,760.146 1.557,098 395.324 662.369 5.170.696 99,t27.537 Z.739,600 7,431.096 37,669,60 2,431,096 37.669,640 2019.20 7,973.305 114,735.451 1,595,061 408.902 725.575 5.245,767 105.073,303 1,670.150 3.574,917 41,244,357 - 3.974,917 41.244.557 2020-21 2,161,920 192,904,371 1,631,794 422.750 790.046 9.322,339 110,395.643 1,676.500 3,645.239 44.t90,396 3.645,239 44,t90,396 2021-22 8.366,410 201,270.711 1,673.21`2 436.t73 135,t09 5.400,445 115.7%,Ott 1,675,150 3,724.595 48,614,991 - 3.724,595 41.614,991 r 2022-23 11,567.854 209,131,635 1.713,371 451,2f2 922,887 3,490.114 121,276,202 1,471,900 3,f01,214 SZ416,205 - 3.101,214 S2,416,205 2023-24 3.773.329 211.611,%S 1.754.666 465,977 99000 5.561.378 126,137,580 1,372,930 4,111,428 36,604,633 4,188,472 56,604,633 2024-25 8.982.918 227.594.882 1.796,994 480.%7 1,06l,099 5.644,269 132,411,149 - 5,644,269 62,24I,902 - 5,6".Z" 62.248.902 2025-26 9,196,701 236.791.113 1,93V40 4%,256 1,13Z2t7 3.728,11t 13t.210,667 5.721.t11 67,977,720 - 5.721,211 67.977720 2026-27 9,414,763 246,2%,346 I,IM933 511,130 l,206,253 5,113.7" 144,024,374 - 5,113.707 73'"1'427 3.113,707 73.791,427 2027-21 9,637.189 235.943.536 1,927.438 327,797 1,211.700 9,900.294 149,924,668 5,900.294 79,691,722 - 3,900,2964 79,691.722 2021-29 9,864,068 265.707.604 1,972,t14 543.9I2 1,351,657 5, IAIS 173,913,2t3 5,931.615 85,690,337 - 5,981,613 13.610,337 2029-30 10,095,487 275,903.090 2,019,097 960.131 1.437.154 6.070.704 161.991.997 - 6.078.704 91.739,041 - 6,07t,704 91.759,041 2030-31 9.167,120 214,970,210 1,133.424 577.412 1,325,307 5.410.971 167,422,963 5.430,979 97.190,018 - 3,43Q971 97,190,011 2031.32 9,313,922 294,354.139 1,176.7t6 594.630 1.396.664 9.519,150 172,931,114 5,319.150 IOZ705,868 - 5.515,150 f02,705.161 2032-33 1,519,736 302373,I75 1.703.947 312,426 1,413,021 9,0tt,335 171.027.149 5,011,33S 107.794.202 - 3.011,335 107.794.202 2033.34 1,718,941 311 5 f22 1 1,741,719 320112 1 449 345 5 133 630 11311 7"1 1 1 1 SS 63b 112,949,932 9,155,630 11 949132 Tod 272.696.132 54,539,2M 12,761,092 22.209,034 113,112.779 70.232.947 112,949.132 - 112.949,832 NPV ) 79.7t1,921 15,956,314 1 3,161,706 3/510172 37.112,966 317t7,2t2 23.327.614 25.327,684 006'6Z E 086'6ZCt ►l6lWII CG6'L►1'GI Mt66 191 L06.1 1►t'LatY IZZ'LEt`ZZ ( Ad.'+i 9L6'91L'iZ 916191CSZ I!0'16I'►Z t90'906'6t 6LS'I29'9 CtAtC'L CLL' Wti E91&'il6'6L tviol 9L6 91L cz v G9L 1 914 914 GZ EZ6 691M 1 190 Sub 6/ £Zb G9L I ZOE LES ZS i 0ZC ZGS SG9 01i SSL 6SZ'6LZ t tf-££OZ tS0'lG6'R Sib'twi ti0'lwa SG6'9CL'l 1►171I'/t Si6'9EL'l LLVO19 901'11E ►96'6f9 IIZ'60i'6i ZZS'661'E Ef-ZCOZ 660'►IZU SSS'SOL'l 660'/1= SSS'SOL'1 LII'SOt'9t SSi'IOL'l LL1'tit za'►OE liC/Z9 6St'601r9S tt6'IZI't Zf•I£OZ ttS'SOCOZ 1IL'ol i tt4'SOS'OZ 114'0891 UV9694t 11COS9'I MIR Lgtuz 811'609 LIS'LIl'£1 OWS►0'£ WOW Ets'/ZS'SI tlt'CS9') CES'ns'll /I►'ES9`i 0Z6'610'Et ►1►IWI Sll'CE► ti0`06Z 01465 LZ6'i►1'O/ tEL'00$ OC'6ZOZ 61►'ILI'Li Zi9`9Z9'i • 6i►'1LIYl ZS9'929`l 90579E it ZG9'9Z4'l ZECSO/ E617AZ 69►'6LS EblILIU L/E'L61'Z 6L-IZOZ 99C"Vil Slt`009'l 99L'►ti'il fit'009'1 til'SEL6t 51 VOW I 9E0'tiE S91'SLZ 080'S9i 9►S'ELZ'1L S6CSZ1Y it-LZOZ lSt'ttd'Ei Z69YLS'l ISCH6'El Zb9'tLS'1 6Et'S£1'IE Z69'/LS'1 SIZ'09C li6'19Z ZL6'Oii Itt'IWIL 0905Lz LZ-9Zoz bS9'49f`Ll ►L►wl 699'69al 1Lt'6►ii LtL'09S'tC taas l Z9119Ct 6zrz9Z ltl'LEi SSS't69'99 SOL'S49% 9"70Z. G!i'ois'Oi 04CttS'i i8I'OZS'0I OSC1ZSi t1.Z'll0'SE OSL'tZSi L96'Eli 6O9'597. lSS'EZS ZSS'LOO'99 L06'LI9'Z St-►ZoZ 9Et'i6i6 aI VOW I • 9E1'S6Z'6 116'00S'i - tZS`9S/'EE lls'00S'l 07-S'16Z 61161Z LSZ'O16 6L6'64CE9 LE►'Iii% tLIM SZ6'16LL L1L'9L►i SZ676L'L L/L19L1'1 ZIO'9S6'IL L1L'9Lt'l ►iG69Z 9SLYIZ ►iVL6► SES'IES$9 iLZ'9i►'z tZ-ZZoz SLI'SiC9 61►101 ILi'llC9 btt'£it'1 99Z'60S'OE 6/1'ES►'l 6E6'L►Z IIG'9EZ La'"t L9MCSS ESE'lul Zt-IZOZ 6Z1'19S't SO9'OEt'I 6Z1'19I'► SO9'OEYi - Lls'ii0'6Z Io9'OEt'l ISL19ZZ ZO►OEZ 616'ILt t10%wii L1C6GCZ IZ-oZOZ MIEt'E SIZ'S0►'i lZIUVE Sit'lot'i 60Z'599'LZ SIZ'SOt'I 050'90Z Lo a IMP L£IbLCES OtCS6Z`Z OZ-61oz L06'SNI "Colt • LO6'SZ07 09Z'9It 000'OLO'l 166'9lr9z 09Z'9SCl owill SZS'SIZ LZ9'Lt► L66iLZ'IS 9El'SfZ'Z 61-9IOz 9►9'60L'l LE9'66Z 9►9'60L01 Lt9'66Z OOl'i90'1 twoEI'/Z LEL'19£'I iSL'i91 99Lliz EZS'S£► 1991C0'61 tll'61,It II-L10Z 600'01P'l St9'LLZ 600'01t'l MILE 000'990'l 166'S91'EZ St9'EtCi O'c"1 911'LOZ ",cm IkKns'9► loval`Z 1191oZ MIEN L/Z'09Z tLEUVI Oro9Z WCZ90'l D MITZ 067ZCi DWLZ1 UVIOZ C061It OOCEEL'11 LiS't90'z 91-sloz LZIUS SII'm LZ W 611%rZ OSS'090l SIt'66L'Oz 999'ZOCI LOCIOI 9►1'96i OIL'10t EIL'i99'Z► 9b4'800'Z 91-tIOZ Z10'00 QW= Z10'00 CCZ'iw^ oWli0'1 OGL'96011 outwl ►6S'61 ZZ!'061 ►LI'Obi GI8'6i9'07 OLL'tI41 tl"iluz Zai'lot tt9'661 w10► t19'661 00►'Ssoi 696'EIZ'Il tt0'iiZ'1 Z30'0I Zo9'fII ZSI'01E MUCH 116'006'1 EPZIOZ LEVU& ZOt'691 LEMOZ ZOI'691 OSt`SSOi SZ6'ti6'9l ZGI'LZZi t9t'0l SIt'OIl OOL'69E t49'►OI'9E OOS'SIS'l U'lioZ SEL$E Eti'L►i SELYE Cti'Ltl OSt'tio'I ELO'IELI9 C61'I0Zi EEO'19 S9►'ill Ezt'6St ►Ol'916'tE Lli'L6L'l 11.010Z (801'611) 9SC611 (so l'i11) 9SZ'611 00S'ii0'I 088'6Zi't1 %0'ill'l IIL'li 609'04I S►C61C 9S6'SWEE t/l'91L'1 01-60OZ (►9E'/l7) t16'S6 • (►9CtEZ) £16'16 00'001 (zo,tSCtl EEY6/1'l EZLY► LZCi9l 10'6cc i►Z•LIt'I£ ►iCL691 60•IOOZ (uCC(E) 199'9L - 410EEE) 199'96 0591tO'l l6Ciont 11Ctt1'l LEVEE 000'19i LSC6ZE l61'►lC6Z SE6!tlrVt SO-LOOZ (200'910 ZECIS (300'01/) EW15 OSL'L►0'1 010'130'll ZI9'6601 GZi'SZ i9C9S1 E6Z'OZE 9S6'S90'SZ S9►'I09'i LOIWZ (Otb'I91) 9049 (O►6'190 9E►'►Z 001,1WI WIS66 MILO'i "V91 1Zi'lil S olc 16►'19t'9Z 9Z6'►LS'l 9O'SOOZ (9LC9p) t".6 (9LC9f►) t"16 0o0'Z10'i 7,911061 ►9S'ISO'l OIZ'S 99CL►i 091'IOE 996'606'1Z 66Z'60i'l S"OOZ (6W960) (i►f'Ll) (6LZ'961) (Sti'lI) OOS'9t0'I SWESS'L SS9'SZO'1 M61101 C161M L9Z'OOt'EZ L9i'/9►'[ MEW S6CSL1) (L/L'IS) (66CSLt) (Ltt'li) 009'6t0'1 EICSZI'9 E93166 91VIE1 Z►I'1SZ OWSE6'1Z ZIL'Oit'i EO-ZOOZ /9'9Z11 (OICLL) (It9'9Z►) (OSE'") SEo'S10'1- 06►'LZS'S SS9'06 - SIS't£l Eti'SLZ SS6'►IG'OZ LICLLCI ml00z (S➢C4l0 (Ei9'iii) (:ivw) (CSvw) EaCi►v'l tii'bii't 6111I16 • t0►'OEl III'M ILZ'LE1'61 595'GCC'1 IQVOOZ (ii9'E/t) Will) UI9'EW (69671) E99'OtOi SU'lwC to'IZO'I 86z'L 1►S'IiZ 90L108a 6EZ't6Z'1 00-666I (9t0'1EZ) (ZSZ+St) O laj (ZSL'it) E9l'NO'l 1691t6s'Z 016'S66 690L Stl'om 19t'L0G'9l 1ZL'EGZ'l 66-061 (►6L'Ni) (906'SL) (16L'Sal) 406'SL) E9Z'010'1 IsVia'l ISC196 gtO loottz Z►CEi1"il too'►IZi 96•L661 (681'601) (b/s'bol) (68I'601) (68S'609) C!t'E/9'I tit'EE6 ►Z►'CC6 • 929'9 ZIO'i£Q 6EL6E0'tl Z9O'SL1'1 L69661 LL9't98'Z I ulr�"'(°ufy w�."y iw +'1AnM .wea�+rd «w P-4 1u"w"MI nl, MI j pw!v"O91DM VAUMJ"'1 4-PMS �d >67'�Oli Im1"DJO 200'D s�nrr^�a ON POMA V awn+ ? �w r •�!��s*wcI O"obvi 3 s+l WN 06Z 1 HV I +n+� "Mlf mn.) popm� pro E VAVV=AIOM IN'dYYa IA3(M WMN3JNOIDNLLNC li 9641/1 HADI 7I1U A3 WalizKy N11% OUnWS 9-010 ff" POEO4i 91 PWWONq=.L (+)i1'��iYl L+r+'S1�iO�OI+�+I�H y�ii M1>rl�ii Il�aa .LISI��X� EXHIBIT "G" Hkmdmvew Imwb Re4erdepinwt Ate.ry TAeu IM Tax leorm d Revmw Proj"Wo-c4nwvgm Omwtk Sowam {VrM AMLNDM' T/MSRCrR I/1 t/96 MAIN-PIFR RFTWVFJ"MFNr PROJrCr Yaw Falumaled Lum"t" 4;rera Lartiry AB 1290 Nct Tax Cmulnrvm Debt Sarvm Avaftbk QmmAa va Awua d NO COMAodive Oro" Orawt Tax 11eulat Pm Staw" laoremwt TOW am 92 Bm& Naalm.lwt Avoil" O+wtap w Naah-6t Nd Tax lowest ImraeOd Re"W" Pe R"wme Nmhcm R&mhwmmmW Revmrr Naohnwie 15,104,711 1996- 7 2.266,701 11.073,412 453.740 - - 1.l14,961 1.!l1,961 1,111,425 633,536 633,536 - 633,534 633,536 1997-98 2.327,336 20.400,748 465.467 - - 1,161,869 3,676.129 1.180,915 680,tt4 1,314,419 680.894 1,314,419 1999-99 2,387.146 22,797,194 477.429 1,909,717 3.1t6,346 1,179,315 730,132 2,044,531 ■ 730.132 2.044,551 1999-00 2,441,156 25,236.050 499,631 - I.951,525 7,543,071 1,177,185 M.340 2,125,191 - 781,340 2,125,191 2000-01 Z,310,319 27.746,440 SOZ071 - - 2,001,312 9,333.393 1.193,745 824.347 3,630.431 t24,567 3,650.4,2 Owl 2001-02 2.373,171 30.320.310 514.774 - 2.059.0% 11.61x479 1.178,610 $10.416 4.530,t74 - 280,416 4,530.174 2002-03 2.631,624 32,931,935 527.725 - 12,951 2,097.949 1%710,426 1,112,600 915.349 5.446,223 - 913.349 3.446,223 2003-04 2,704.677 33.663.611 $40,931 - 26.161 2,137,380 13,141,OOt 1,184,400 953,110 6,399,403 953,110 6,399,403 200"5 2,772.053 31,433,664 SS4,411 - 39,637 Z171,006 11,026,014 1,IS4,100 993.2% 7.39Z609 - 993,206 7.3n609 2001-06 2,140,710 41,276.44S 368.156 - 53.3t2 2,219.242 20,245,2% 1,183. 00 1,035.442 1,428,051 - 1.033,442 1.421.051 2006-07 2,910,813 44.117.330 312,177 - 67.403 2.261,305 22,So6,561 1.186,400 I.074.905 9.902,956 - 1.074,903 9,50Z.956 2007-01 2,912,395 47.169.723 596.479 81.705 Z304,211 24,110,773 1,192.250 1.111,961 10.614.918 1.111,961 10,614.911 200149 3.055,339 30,225,063 611.068 - 96" 2,347.977 27.13/,750 1,126.000 1.161.977 11.776,195 l.161,9T7 11.776.$95 2009-10 3.129,744 53.354,801 621.949 - 111.171 2,392,621 29,551,70 1,191,350 1,244,271 IZ.9t1,161 - 1.204,271 IZ"I.163 2010.11 3.705,641 $6.560,449 641.121 126,334 2.431,159 31,919,329 1.111,600 1,249.159 14,230,724 1.249.359 14,230.724 2011•12 3.2t3,059 59,143,508 656.612 - 141.231 2.484,609 34.474,139 1.196,750 I,217.159 15.11S,314 - 1,2t7,159 19.512.314 2012-11 3,362,028 63.209.336 672,406 - 170.t" XJ11.724 36,992.163 1.197,100 1,321.624 16,140,208 - 1,371.624 16,140,201 201344 3,442,S11 66.641,117 611,316 "0.542 Z,333,323 39.544,316 1,193,000 oSt.323 11.191,731 - U51,523 lt,19t.731 2414-19 3.924,747 70,17Z,t63 704,949 - 230,779 2,1t9,019 42.135,404 1,193,450 1j93.569 19,592,299 1.393,369 19.392.299 2015.16 3.601,560 73.711,423 721.712 261,622 2,623,2M 44.766,630 I,191,100 1,427,126 21,619,421 - 1.427.126 21.019,423 2016.17 3.694,052 77.475,473 738.110 293,013 2,662,151 47,422,7t9 1,197,600 1,464.551 22,413,9t4 - 1,464,S31 22,483,914 2017.11 3,781,237 t1.276,732 736."l - 325.175 2.699.131 50.12x620 1,193,950 1.503,tt1 23.9t9,963 - 1.303,tl1 23,919,16S 2018-19 3.170.210 85.126.941 774,042 - 357,909 2,731,259 32,160,fm 1.202.150 1,936,109 23,525,973 1,SK109 25,323.973 2019-20 3.960,944 19,017.186 792,119 391" 2.7".456 35,631.334 1,201,150 1.376.M 27.102.279 - 1.576,306 27,102.279 2020-21 4,053,497 93,141.392 610,699 - 425,359 2.1171439 $9.455.773 1.206,300 1.611.139 29.713,418 - 1.611.139 2t,713,411 2021-22 4.147.904 97.299.296 129,3t1 - 460.101 2.151= 61.313,993 1,206,900 1.651.322 30.364,740 1.651.322 30.364.740 2022-23 4,244,202 101,533,488 141,140 495.936 2.199,123 ".213,119 1.207.950 1,691.173 3Z.056.613 - 1.691.t73 32.036,613 2023-24 042,429 105.875,917 661,416 - 531.6% 2.942.237 67,154,076 1.207.100 1,735,157 33.791,771 - 1.735,137 33.791.771 2024-25 4,442,624 110,J11,542 ISS.525 - 5611,358 Z"1.342 70,141,619 Z"S.S42 36,717.313 - Z.9t3,342 36,777.313 202$.26 4,544,t26 114,163.361 902,965 • 606,168 3,029,693 73,171,311 - 3,029,693 39.207,006 3,029,693 39,807.006 2026-27 4,649,076 119,512.444 9"'115 644.532 3,074.729 76,246,039 - 3,074.729 42,111.734 - 3.074.729 4ZIS1.734 2027-28 4,755,413 124.267.157 951,093 • 613.664 3,120,"7 79.366.706 - 3.12007 46,002,401 - 3,120,667 46,002,401 2OM29 4.363,991 129.131,738 M776 - 723,310 3.167.524 l2,534,230 - 3.167.124 49,169.921 - 3.167.524 49,169.921 2029-30 41974,521 134,106,259 994,904 764.2% 3.215.321 15.749.951 - 3.213.321 S2315,246 - 3,213.321 S2,315.246 2030.31 5,017,377 139,193,635 1.017.475 - 10S,t27 3,264.073 ",613,626 3.264,073 33,649.321 - 3,264,073 $5.649.321 2031.32 S,202.493 144,396.121 1,040,499 • 14t,119 3.313,10S PU27,431 3,313.809 31,963,126 - 3.313.903 30.963.126 2032-33 5,319,919 149.716.043 1,063,9t3 - 904,952 3.351,380 ".671,111 - 3.331310 62.314,306 3.331.390 42,314,506 2033-34 31346t1 133135711 1017932 % 043 3 t9707 99061511 1 3319707 1 65704213 3319707 6570421) TaW 139.351.020 27,370.204 1 ■ 12,412.297 99,061,511 33,364.305 65.704,213 - 47,704.213 NPV 1 40,3T7.593 1,075.519 1,944,7t7 30357,217 14.401.103 15.949.124 13,949.1t4 EXHIBIT "G" liwwtlwlea+Rmck RaowU awaad Aefte7 TA SLK 2(H Tax Twaawewt Rewmw 15 odiar-Cmrervriw CrowtL SaWA& %TM AMV4DINLNT1AttRGER III" OAKVIEW RFT)EVFIAWMENT PRONC-T Year J alimatad LNESAA a Grow Emou AH 12% Net Tsa Crawdatiw Lit Swviw A"Ambio t la atrw Aw ma d Nd OwNdatrve Oro" (arrow Ta Hawks PON St-ft" low"O d TOW at 92 Ban& pTeshoolwt Avail" D-4*med Na-M-64 Not TAX laorveeat trwronmd Rm"+ 3Lnaww Rwi wwom+t itVAw tiew6o.r+a 6.045,701 1996.97 413,M9 6,459,WM n674 39,626 - MO" Me" 300.105 (1.035) (1,033) - (l,03S) (1,035) 1997-91 426.293 6,185.M9 15.259 43,141 MAN 519,956 296,903 "1 (7.054) 981 (7,034) 1999-99 439.475 7,)24,t44 97,19S 47.761 - 303,119 193,775 MASI 5.164 (I,190) S,164 0.2%) 1999-00 452,922 V77,766 90.104 52,467 309,170 1,203.645 295,045 1025 M935 • 14.925 12,935 :000 O1 i66,636 t;N,4d2 93�I7 34,T39 - 313.570 1,517.215 296,343 17,7Z} 30,160 - 17.225 30,160 2001-02 480,626 1,125,02t 96,125 64.932 • 319.%9 1,936,794 3OZ1280 17.219 47,449 17,219 47.449 2002-03 494,29S 912191923 9t,979 70.227 9!2 324,706 Z.161.490 297.500 27,206 74,653 - 27,2M 74,655 2003-04 509,449 9.729.372 fO1.t90 75,629 1,9l4 329,946 Z,491.436 297,600 32,346 107,001 32,346 107.001 2004.0S 524.295 10,23307 104,859 11.139 3.007 335,2W 2.t26,726 297.350 37,940 144,941 37.940 144,941 200546 539.437 10,793,104 107.997 t6 739 4,049 340.741 3.167,467 296,750 43.991 191.932 41.991 111,932 2006-07 554,132 11.347,9M 110,976 9Z492 9,113 346.301 3,113,161 300,100 45,501 234,433 - 45."1 234,433 2007-01 570.637 11.921.623 114,127 91,339 6.197 351.973 3.065,741 299,1 so 52,t23 217,256 - SUM 217.256 20014)9 536,706 I2,50S,329 117,341 104.303 7,304 357,758 4=314" 297,150 60.601 347,664 - 60,601 347.164 2W9.10 601,0% 13,101.42} 120,619 110.3t6 1,432 363.659 4.St7.1S1 304,200 51,859 406.723 5t,t59 406,723 2010-11 619,115 13,729,240 123,963 120,406 9,513 361.863 4,953.021 301,400 64,463 471.1$6 - 64,463 471,116 20t1.12 636.869 14,365,10t 127.374 126,976 10.757 371,761 5.324,712 297,650 74.111 545,297 74,111 545.297 2012.13 654.262 19.019,369 130,812 133,677 12,961 374.771 5.701.953 303,35o 73=1 611.51t - 73=1 611,51t M13-14 672,001 15,691,373 134,401 $40.513 15.201 321,1t1 6,01,4)4 303.400 71.411 696.999 71,411 696,999 2014-15 690.100 16.311.473 131,020 147.415 17,501 3t7.094 6.470,528 297,350 19,544 796.543 - ",544 7t6.343 2019-16 701,511 17,ON,031 141,712 114,597 19,139 392,410 062,931 30050 91,060 t77,603 - 91,060 t77,603 2016-17 727,316 17.017.417 145.477 161,151 22.225 397,/33 7,260.771 299,100 9t,733 976.336 - 9t,733 976.336 201740 746.390 11,564,061 149.318 169,250 24,657 403,363 7,664.134 301.150 1CZ215 1,071,SS) - 1OZ215 1,07t.551 2018-19 766,179 19.330.117 153,236 176,791 21,139 409,007 t,073.142 302,130 106,837 l.tt},107 - 106.137 1,1/S,407 2019.20 786,159 20,116.345 157.232 It4,4% 29,670 414,761 1,497,903 302,100 11Z661 1.291,06t IlZ"l 1.29t.060 2020.21 106.339 20,922,114 161,301 192,343 32,252 420631 1,90t,335 305,000 114,631 1.412.700 - 114.631 1.412.700 2021.22 $27,326 21.750.210 163.465 200,357 34,015 426.619 9,335.154 303,500 123,119 1.53S,119 - 123,119 1.533.119 2022-23 841,529 Z2.590,739 169,706 209.326 37,371 432,726 9,767,279 304,950 127.776 1.663,594 - 127.776 1,663,594 2023-24 870,156 23,468.895 174,031 216,859 40.311 431,95S 10,206,135 431,9}5 zioxglo - 431,955 ZIOZ550 2024-21 M216 2061.110 t7l.443 225.37t 43.106 449.309 10,657.144 - 445,309 2,547,1S9 - N5.309 $547,859 2025-26 914.717 2S.271.121' 1t2,943 234,027 45,956 451.790 11,103.934 - 431,790 2.999,649 - 451.790 Z999.649 2026-27 937,667 26.213,494 117,533 24ZM 41,964 458,400 12.M2.334 - 450,400 3,451.049 - 451,400 3,451.049 2027.21 961.017 27,174,572 192,215 231.119 51,129 463,143 12.027.477 - 465.143 3,923,192 - 465.143 3.923,192 20211-29 914,95S 22139.527 196,99! 261.019 34.054 47ZO21 IZ4944" - 47 O21 4,3".213 - 472,021 4.393.213 2029.30 1,009.311 29.161,138 201,162 Z70,473 57.940 479,036 12,97t.314 - 479,036 4.974.249 - 479,036 4.974.249 2030-31 1,034.154 30,20Z,992 206,131 280.045 61,017 4t6,191 13.46.4,721 4/6,191 5.360.440 - 4t6,191 5.360.440 2031-32 1,059,493 31.262,405 211,199 219,107 64" 493.490 13.951,215 493,490 l,853,930 - 493.490 9,15]930 2012-33 - 31.262.483 - 13,"k215 3.953.930 - - 5,113,930 2033.34 31 2d 41S 13 95 k2l5 5,1511930 9153 910 TaW 25,216,T7! 5.043,356 5,415,643 799,562 13.951.215 1,104,20 3.833.930 3,833.930 NpV(7%1 7.111.241 1,116,249 1.3S4,139 136.275 4,574,1t2 3.317,004 917,171 9t7,178 EXIIIM "G" Ilarwtlw @%!Bear~Red@-Up-OW A=wr7 TA11IC 20) Tax Gvxosad R^Vrm*pmeow"-C4waava—C)—V&SON— WrM AME"rDMINTMFRCM III m TAIAF3tT41EAC 1 RFDFVEI.(WMEM PROIFCP Yew FJhmmed Cmealativo Grow FXL" AB 1290 Net Tax chows Ve box Saww wagae,le OMMU MS" Aawrsad • Not cN w save Oro" Oroas Tau Ilaw od Paw Seae!<+ry Iecromr ed d To as 92 Bawds N Avail" Dw"lop"ar NOA-69 Net Tax laaedaent Ismeuaat Rffwe w RRr.ww Rmim&A raat RAMr NOaborie Z471,204 199697 254,979 -2,726,193 50,9% - - 203,9t3 203,963 162.149 41,834 41,934 - 41,134 41,t34 1997-9t 260.397 Z916,330 $210" - 208,317 412,Ml 160.645 47,672 $9,507 - 47,672 89.107 199t-99 263.923 3.21Z503 53,18S - - 21Z731 625,039 119.145 53.393 143,100 - 53,993 141.100 1999-M 271,559 3.324,062 S4.312 - - 227,247 14Z,2M 162,595 54,652 197,712 - $4,692 197.752 Vw"I 277,)Pt 3.el9V" 15.462 - - 221,146 1,04333 160,673 61.171 211,924 - 61,171 251,924 2001-02 213,112 4,094.942 %,634 - - 226,531 1.290,670 151.710 67,12t 326.731 - 67,ttt 326.751 2002-03 299.113 4.373,695 37.t31 1,196 230,126 1,S20.797 161.700 61.426 395.171 - 69,426 397,178 2003-04 295.254 4,661,950 59,051 - 2.416 233.731 1,734,584 119.250 74,537 469.719 - 74,537 469.713 200405 301,477 4,970,427 60,293 - 3."1 237,521 1,99%104 166,100 70.721 $40,439 70.721 544,435 2005-06 307,125 5,27t,452 61.MS - 4,93t 241,329 2,233.434 163,650 77.679 611,115 - 77,679 411,115 2006-07 314,299 5.59Z551 6Zt60 - 6,225 245,214 Z.471,64t 165,300 79.714 697,129 - 79.714 697,129 Z007-01 320.903 5,913,454 ",111 - 7,546 249.176 Z.727,t24 162.000 97,176 711.005 t7,176 71S.0es 700t.09 327639 6.241.093 65.521 - $'it" 253,210 2,911,042 163.100 19,711 174,723 - 19.710 t74,723 2009LIO 334.110 6.579,602 66,902 - 10" 257,340 3,231,392 139.650 97.690 97Z413 - 97,690 M413 2010.11 341.518 6.917.120 61.304 11,669 261.141 3.499,927 160,100 100.745 1,073.191 - 100.741 I.O73,tS1 2011-12 341,666 7.263,7I6 69.733 - 13.099 265,234 3,765,761 166,600 99,214 1,17Z392 • 99„234 1.M392 2012-13 355,957 7.621,743 71.191 - 15,712 261,994 4034.741 l".700 1022.2t4 1,274.676 - 107,2" 1.274.676 2013.14 363.394 7.915.131 72,679 - 11,519 272t97 4306941 1 AIO 105?47 1,3W,422 105.141 1,310,422 2014.15 370,900 1,356.112 74.196 - 2010 275,474 4,51MIS 160,ISO 114,624 1,4".w - 114,624 1.495,046 2015-16 371.717 1,734,135 75.743 - 24,151 2711,t16 061,231 163,210 113.566 1,60012 - 113,5" 1,601,612 2016.17 386.610 9,121.441 77.322 - 27062 212.226 9,1:43,457 163,930 111,276 1.726,222 - I11.276 1.726,1t11 2017-11 394.660 9,516.105 71.932 - 30.025 215.703 5,429.160 16Z300 123,403 1,150,291 123.401 1.150.291 2011-19 40ZI71 9,911.976 $0.374 - 33.046 289.251 5,711,411 165.300 123,931 1,974.242 - 123,951 1.974.242 2019.20 411,246 10,330= SZ249 - 34.121 Z92,l69 6,011�m 167,6W 125.269 2,099,511 - 125.20 Z099,511 2020-21 419,7t9 10,750.011 t3.95t - 39.272 296.559 6.307,t39 164,200 13Z359 2,231,170 - 132.359 2.23I.f70 2021.22 421.503 11.170,S14 15,701 4Z479 300.323 6.609,162 165,410 134,t73 2,366,743 - 13073 Z.3661743 2022.23 437.391 11.615,904 $7.472 • 45,749 304,163 6,912.325 166.000 131,163 Z.504.906 - 138.163 2,504.906 2023-24 446.456 1Z06Z361 19,291 - 49,096 301,079 7,220.405 169,850 14Z229 Z"7,136 - 1422" Z647,136 2024-25 451.703 12.111,064 91.141 - SZ419 31ZO74 7.337,479 312.074 Z959,210 - 31Z074 2,979,210 2021.26 465.135 t2.943,199 931027 - 53,960 326.149 7.UI,621 316,149 3,275,339 316,149 3,275,319 2026.27 474.756 13,437.955 94,931 - 59,500 320,305 9.161,932 320.309 3,593,663 320.301 3,595,663 20I7.21 494,569 13.942.524 96,914 - 63,111 324.344 1,493,477 324.544 3,92020t - 324,544 3,920,201 2021-29 494,172 14,437,102 91.916 - 6d.794 329.161 1,t2$341 32t,t61 4,249.076 322.80 4.249.076 2029.30 504,7St 14.941,t90 100,931 70.532 333ZN 9.159,623 333.279 4,SIZ354 • 333279 4,312,3S4 2030-31 - 14.941."0 - 9.111,623 4,St7,3S4 - - 4.51Z354 2031-32 - 14.941,190 - - 9.195,623 4.1twS4 - - 4.512.334 2032-33 - 14,941,290 • - 9.135.623 4,112,334 - 4,51IMS4 2033-34 14 941 t9O 9155 623 411 354 4,392,3541 TOW IZ470,696 Z494,137 120,926 0,155.623 4,573,269 4,112034 1 4,31Z334 NPV ) 434t,647 $29,729 15Z,111 3,166,t4O 1972201 1,194.599 1,194.599 EXHIBIT "G" HrwrhWew F"wh Rsdv"Up-wO AR-7 TA111s](*) Tax Wrome ric Rrvemea Projectiom-C wr d w OwW&SOa LW6 WITH AYAC. DMtNTM£RC F R 1/1 IM YORKTOWN4.AKE RFT)CVFl.OMENT PRO)rCT Year Fjtimrtad CWwAstivrr Ge+w E MA-9 Ab 1290 Nct Tex CMWIM a 1h'b4 Sarwas AvOsbie cusulM.+ve Awd d NA (,'Umdeeeve Qrurr Orow Tax Rambo Para 5teelx-Y lwe "Mad TOW ON 92 BorA Nurbomwe Avail" D-JOP-d Nad—irE Not TAW Ir"COMA Wrou M[ RrresM krw"~ Rart6unawud Raver NorAcuua 1.710."1 1996.97 32Z296 2,032,617 64,459 1.333 256,502 2%,502 2%,302 256,502 - 236.502 2%,502 1997-91 329,102 Z361.719 61,1W - Z696 260,S16 517,01E 26015" $17.011 260,186 117.011 199E-99 336.044 Z697,E33 67,2" 4.094 264,751 781.139 264,751 781.939 2IK751 721,139 1999-00 343,125 3.040,957 61,623 5,500 269.000 1,030.13E 269,000 1,050,13E 269,000 1.030,13E 2000-01 350,34E 3,391-OS 70,070 - 6,443 273,333 1,324.172 2M,333 1,321,1T2 - '173r33 024,172 2001-02 337,713 3.749,020 7043 - 1.41E 277,733 1,601" 277,753 1,60192S - 277.733 1,601,925 2002-03 365,229 4.114.749 73.046 9.921 212,262 I,IE4.117 21Z262 1,2E4.11T - 2VI.262 1.114,117 2003-04 372.194 4,417,143 74.379 - 11,414 2E061 Z171,041 226."1 Z171,04E 216,141 2,171,04E 2W4-05 310,712 4,967.154 76,142 - 13.011 291.592 Z462.600 291,552 2,462,600 - 291.952 Z46Z600 2W546 398,686 5.256.540 77.737 t4,613 296.336 Z759.M 2%.336 Z731,936 2%.336 Z731,936 2006-07 3%.920 9.613.360 79,3N - 17,606 299,130 3,031.716 299.850 3,051.766 299,150 3.058,796 2007-01 405,117 6,031,477 11.023 - 20.439 303.434 3,36Z220 303.43E 3,36Z220 - 303.434 3.36Z220 200E-09 413.379 6,47ZO56 12,716 • 23.773 307,090 3,669.310 307.090 309.310 307,090 3,669,310 2009.10 4ZZ211 6.$W,267 K"2 26930 310,119 3,9M,129 310,819 3.9M,129 - 310,119 3,910,129 2010-11 431.013 7,325.212 16" 30,190 314.622 4.294,752 314,622 4,2%.752 - 314,622 4.294,752 2011-12 439,99! 7,765.277 17.999 33.494 311.50I 1,613.25E 311,502 4.613.254 311.302 4,613,254 2012-13 449.155 1.214,432 19,131 36,965 322.459 4,935.713 322.459 4931,713 32Z439 4,915,713 2813-E4 43i,499 E,67Z431 41.700 - 40,30E 326,19! 5,262µ 1 326,49! 1.2421"1 326,495 5,262,2n1 2014.15 441,029 9,140,%0 93.606 43,111 330,412 "9UM 330.612 1.59XIM 330,612 3.59ZE20 201E-16 477.749 9.618.709 93,550 47,39E 334.112 3,927.632 334.112 l 927.632 - 334,112 9,927.632 2016.17 4E7,665 10.106.374 97.333 - $1,037 339.095 6,266.727 339.095 6.266.727 - 339,095 6,266,721 2417.1E 497.77f 10,604,152 99.5% - 31,75E 343,464 6,610,191 343,464 6.610.191 - 343,464 6,610,191 2011-19 509,094 11.11Z.246 101,619 5E,553 347,920 4.951.111 347.920 6.951,11E 347,920 6,931,111 2019.20 511,616. 11,630,16t 103.723 62,427 352,466 7.310,577 372,466 7.310.577 - 3SZ466 7.310.577 2020-21 529,348 12.160.209 105.170 66,376 357.102 7,667,680 357.102 7.667.680 337.102 7,667,610 2021-22 540.295 1Z700.503 101.09 - 70.405 361,131 1,029,511 361.131 1,029.511 - 361.931 1,029.511 C 2022-23 551,461 13,251966 1101"2 - 74,514 36d,6S! 1,396,166 366,655 1.396,166 3 ASS 1396,166 `- 2023.24 56Z131 13,114,116 11Z570 - 71,705 371.375 1,767,741 371,575 3.767.741 - 371.775 9,767.741 2024-25 574,46E 14.3E9,2E4 114,194 12910 376,194 9.1".333 376,594 9,144.333 - 376,194 9.144,333 2025-26 516,317 14.973,60E 117.263 ".341 311.713 9,326,04E 311,713 9,326.04E - 321.713 9,926,041 2026.27 598.404 13,374.00S 119,681 93,142 315.71E 9.911,629 311.511 9.911.629 - 315.311 9,911.629 2027.2E 610.732 16.194.737 12Z146 - 99,060 399,126 10,301.195 389,526 10,301.15S - 319526 10,301.151 202E-29 623.307 16.801,043 124,"1 - 105.0% 393.110 10,694.704 393,350 10.694.704 393.1" 10.694,704 2029-30 636.133 17,444,176 127,227 - 111,252 397,654 11,09277E 397,654 11,092.311 - 397.654 11.092,351 2030-31 17,4/4.176 - - - 11,092,35E 11,09Z351 - I1.092,)51 2031.32 - 17,444,176 1E.09Z,311 11.092,37E - 11,492.33E 2032-33 - 17.444.176 - 11,492,37E 1l,"7,351 - 11.09Z351 2033.34 17 444 17d 1 f 371 1 11 3i 11,092,3511 Taal 15,733,715 3,146,737 - 1,494,670 11,09Z371 , 11,092,35E OT,NI 166,744 3. 6 713, NPV 4) 5.237.216 323.029 4 EXHIBIT "II" HmodnCt s Beau Rel+wlopme a Marry TAB 1Z 1 Tax Ieorwtt a Pevowit Projeotimw-R4odw"Grow&Sowiww L%t nrL%fG PLANS REMAIN 1141 FFEC"C I!I V% Ynr Eminuled Cunulstiw Grow £xinW4 AH12" Net'fs: (-'OmuLstnv DaAswvwe AvdIsW CaEULOrvw Asumed No t_l�vs Grow Grow Tax KOWA l Pon Strtutor7 la� Total on 92 Bm& Nefth«r1nR AvsilAh Darelop. d wad ouri.1 Nd Tax ITAFOMM l 1+Eorrawlt Rrreww+ P li.+w« Rei .+wrest Rsysr Tlewtiousin 38,896.690 1996A7 4,36Z111 43,258,201 1?2,422 47.251 - 3,444.431 3.444.431 Z6t6.992 757,446 757,446 • 757,4" 797,446 1997-9t 4,479,029 47,736,930 1".W6 49,994 - 3.53Z430 6.976.M7 Z671,791 853.632 1.611.071 • 153,632 1.611071 194t-99 3,OW73 32,119,203 1.026,479 34,131 4,011,067 10."7.939 Z671,340 1,332,120 2,943,391 137,?00 1,194,t20 2,205,t" 1999-00 6,027,139 31,W,342 1,201.421 39,764 - 4.761.947 17,74902 Z67S,41t 2,Ot6,439 3,030,051 $20,800 1,565.659 4,371.559 0.225.7,43 67,03,1045 2.637,131 336.6M - 6,212.003 21,961,994 Z614,461 3.127,533 8,357,593 1,322,30o 1.999,039 070,593 2MI-02 1,612,143 71,644,231 I.72Z429 349,937 - 6.540.177 21,M762 2.614,705 3,256.172 1Z413,763 1,64t,300 Z207,672 6,97t.265 2002-03 9,414,864 15,059.102 1.StZ973 361.319 - 7.170,572 31,673,314 Z691,400 4,479,172 16.t92,931 1,95Z400 Z926,772 11.103,031 2001.04 10,015,142 95,074,944 Z003,166 374,030 - 7,6311,623 43,311,951 Z687.730 4,950,t73 21.943,111 Z147,400 7,003,473 13,901.511 2004-05 10.581,143 105,663.716 Z117,769 397,036 1,0114,031 S1,395,996 2.690.950 S,393,01t 27236,t99 2.322.400E 3,670,611 16,979,199 2005-M 10,323.307 116,4t7.093 Z164,661 400,211 - 1.251,364 39.654,360 2.695,300 5.563,064 3Z799,963 432Z400 3,240,664 20219,963 2006-07 11.06Z463 127,549.556 2,212,493 413,792 - 1,436,179 61,090,531 2,700,450 5.735.729 38,539,692 Z32Z400 3.413.329 23,633,192 2007-06 11.306,406 131.155.%2 2.261.2t1 427,573 - 0,617.392 76,701,091 Z701.050 9,916.502 44,452,194 Z32Z400 3.594,102 27.227,294 2001-09 11.555,2M 150,411.194 2,311.046 441,629 - 1,tOZ556 13,910,646 Z697,100 6,109.456 50.357,630 ZIK700 3,920.756 31,14t,050 2009-10 11,109,036 16Z220.M 2,361,807 455,967 - 1.991.262 94.501.901 2,701.600 6.21Z662 %.140,312 1.801.600 4,481,062 35,629.112 2010-11 12.067,920 174,211.149 Z413,334 474.403 - 9.179,931 103,681,139 Z?04,150 6.475.781 63.316,092 793,900 S,611.111 41,310,992 2011-12 12.331."4 196,620,133 Z466,397 4t9.963 - 9,376,025 113,057.1164 2.719,430 6,6%.57S 69,97Z667 673,900 5.9tZ675 41,293.667 2012.13 IZ601.334 199,221.467 Z920,267 505,024 - 9,576,041 IM613."7 2.72Z730 6.153-M 75,123,960 MAW 6,423,2'i3 S3,776,%O 2el3-l4 I2,t76,073 21Z047.540 Z373,213 320.794 9,790.064 132,413,971 7,719,400 7.060.664 13,it6,624 175,000 6,119,664 60,66Z624 2014-15 13.156.310 221,233,150 ZOI3 262 536,880 - 9,912,169 14Z.40Z139 2.714.400 7,273.769 91,160,3" - 7.273.769 67,916,391 2015-16 13,44Z155 231,696.00S 2,611,431 353.217 - 10,200,431 132.60Z377 2.727.400 %473,031 91,633,431 7,473,031 73,409.431 2016.17 13.733.721 25Z429.726 Z746,744 570,M 10,416,"4 t63,019,331 7,726.650 7.690,304 106,323,735 7,6".304 13.099,739 2017-11 14.031,121 266,460.t47 Z106,224 597,092 - 10,637.104 173.657.335 Z722,300 7.919,304 114.239,039 • 7,911,304 91,015,039 2011-19 13.301,336 279,76Z683 Z660.367 503,679 - 10,137.790 183,795,126 2,739,600 7,399.190 121,631,229 - 7,39t.190 9t,413,229 2019.20 10,160.336 289,923,020 2,032,067 184.4% 7,943,774 191.731.149 1.670.850 6,27Z924 127,910,193 6=974 104.616.153 2020.21 10.370,137 300.293.157 Z074,167 192,341 2.104.322 199,143?2l 1,676,500 6.427,122 134,337,97E + 6,427.1n 111.113,973 2021-22 10.585,532 310,279.409 Z117,110 200,397 - 8,268.015 209,111,306 1.675,150 6,59Z21S 140,930,210 6,59Z235 117.706.210 r 2022-23 10,104,561 321,613,972 Z160,913 208,526 - 8,435,125 216.146,431 1,671.9M 6,756,225 141,686,434 6.756,225 t24,46Z434 2023.24 11.027,958 332,711.930 2.209,392 216,139 - 1.605,500 225,151.919 1,37Z930 7.232,511 1$4,910,992 + 7,23Z3511 131,694,992 2024-23 11.255,t24 343,967.735 Z251.165 225.351 - 1.779.302 233,931,241 - 8,779,302 163,69/,ZM • 8,779,M2 140,474,2% 2025-26 11.481.251 353,456.006 2.297.630 234,027 - 8,956.574 242.tt7.lt$ - t,956,574 172,654,661 - 1,956,514 149,430.961 2026-27 11,723.329 367,111,336 2.343,066 24Z M - 9,137,394 232,025.241 - 9,137,394 111."2,262 - 9,137J94 151.561,262 2027.28 11,367,153 373,941,4tt 2,277,431 251,199 - 1.141,13) 260,167,041 • 9.141.833 190,634,095 1.241,833 167,410,095 2022.29 924,955 379,533.443 IK991 261.0t9 526,171 261,393,916 - 526,t75 191,160,970 + 526,171 167,936.970 2029-30 1,M9,311 310,S4Z734 201,862 270.473 336.976 261.930,192 - 536.976 191,697,%6 536,976 161.473,946 2030-31 1.034.114 311,376,901 206,1131 290,045 - 547,271 26Z479,171 547,271 19Z243 224 - 347.271 169,021.224 2031-32 . 1,059,493 3t2.636.401 211.8" 289,807 - 557,737 263,039,991 - 157,7t7 M603,011 + 557,7t7 169.579,011 2032.33 3t2.636,401 263.035 911 - - 192.t03,011 - 169.579,011 2013-34 3 636 401 1 263 019 911 1 f07 Ol 1 169,579,021 Tots! 343.739.711 68.747,942 11.955,811 - 263.039,951 70XZ947 192.t03,011 23.224.000 169.579.011 1VPV 7�4 119,031,517 23,f06,317 3,97l,924 91,231,346 31,7i5,2t2 39,46t,064 1203 !9l 47,437.873 EXHIBIT 'lII" Bmw slbm Be"TWvvvWpm@W A#om7 TAB Z 1(a) Tax fawwoot Rwymma Pathos-INodwvft drowth Sommio )?XTR[TKG PLAN REMAINS 14 FF FIr.CT ills.% I R1N1 MTON CENTER PROJECT AREA Yaw FalunaW Gamddrva [:rsw FA-" AB 1290 Aral Tax Cum"Ve DOW Sarvwa Avr I*We Cr'ulriw Anumd NA Cwmolauva arom atom TEX Hembe Pam &mu" Teon.ad Told an 92 Boa& NwAo s4s1 AMUWAG Dr-kpm-d 1-A-i.1 Not Tax Im"ca mt Taffam"d 14avasr Pavmadi Rrw. Riim6.ra .d Rya Washmnin 12,864,677 1996-97 1.175.062 14.039,739 235,012 6.626 - 933,424 933.424 1.043.31) (109,1f9) (109.139) - (109,819) (109.1") 1997.9t 1.214,004 15.25),742 242.801 6.845 - 964,35t 1."7.781 1.040.263 (73.905) (115794) - (71."S) (115.794) 199t-99 1,213,724 16,507.467 250,741 7.069 - 993,910 2.893,691 1,041,163 (45,252) (231.046) - (41.292) (231.046) 1999.0 1.294,239 11,801.706 251.941 7.298 - 1.021,094 3.921,71S 1,040,663 (12.569) (243,615) (12,569) (241,615) 2(K)MI 2.833,56S 20,637.271 $67.113 276.661 1,991.591 S.913,377 1.043.703 947.819 704.274 750,000 197.189 (45.726) 2001-02 2,907,117 23.544,981 511,543 223,905 - 2.042.262 1.953.643 1,045.035 997.233 1701,307 750,000 247733 201.507 2002-03 2.911,312 26,926.300 596,262 291.091 - 2,093,931 10,049,603 1,049,600 1.044.331 2.745.166 750,000 294.358 493,166 2003-04 3,056,379 29.S12,679 611.276 298.421 - 2.146,6t3 12,196.2f6 1,046.100 1,100,113 3,846.048 730,000 330,T13 $46.049 200445 3,132,947 32,715,626 626,519 305.197 - ZMP461 14.396,747 1,042.000 1.118.461 5,004,909 73 ON 408.461 1.2S4.509 2OM-66 3,211,047 35,926.673 642,209 313.122 2.253,315 16,652,062 1.051.100 1,2o4,21S 6.209.724 750,000 4$4.215 1.701,724 2006-07 3,290.709 39.217.381 658,142 321.300 2,311,267 18.%3.321 1.047.750 1.263.317 7.472.241 730,000 113,317 2,722 41 2007-08 3,371.963 42.S89,344 674r3" 329,234 - 2,36fM7 21731.663 t.047,650 1.320.617 1,792,92t 750,000 570,617 2,792,921 200" 3.454,143 46.044.117 690,%9 337,326 2,426,548 23.751,214 1,050,450 1.376,098 10.169,026 750,000 626,098 3,419.026 2009-10 3,939,311 49.113.564 707,tM 345,560 2,485,924 26,244,131 1.011,800 1,430.124 11.599.IS1 750.000 $00,124 4.0".151 2010-11 3.625,609 33.209,177 729,122 353,999 - 2,546,481 22,790,626 1,653,350 1,493.131 13.092.211 - 1.493.131 5.39%211 2011-12 3.713,562 56,92Z.739 742.712 36ZS97 - 2,608.262 3U",188 1.058,450 I,S49,112 14,642.101 - 1.549.812 7.142.101 2012.1a 3.103.274 60.724.013 760,619 371.344 - 2,671,273 34.070.161 1.055,400 1.615173 16,257.974 - 1,615.f73 1.717.974 2013-14 3,194.710 64,620,792 773,9% 350.211 - 2.73S.543 36.805.704 1.034,350 1,690.993 17.932.967 I.W.993 10.431.967 2014-IS 3.911.116 61.601.909 797.623 319.394 - 2,f01.099 39.606,903 1,060.510 1.740,549 19,679,516 1746.349 12,179,516 2013-16 4,0113.319 72,692,221 116.664 39/.690 2,167.966 42,474,769 1,062,700 I,t03.266 21,414.781 1,805,266 13,9t4,711 2016.17 4.180,426 76.172.654 136.015 409,171 - 2,936.170 43,410,939 1,066.000 1.170,170 23.354.931 1,170,170 I5,15/,931 2017-11 4,279,475 11,152,130 155,195 417.942 3,003,731 41.416.677 1,065.100 1.940.631 23.29S.S90 - 1,910,63E 17,795.390 2018-19 3,347,170 14.300,000 669,574 326.181 - 2.351.419 50,761,092 1.670,000 1,221.415 26.577.005 1,2t1,415 19.077,003 2OM20 - 14,500,000 - _ 50,161,092 - - 26.177.005 - 19,077,005 2020-21 - 14,300,000 30,761,092 - 26,577,00S - 19,0",W 2021.22 • N,500,000 - - - 50,76t.092 - 26.377,005 - - 19,077.005 2022-23 - 84,100,000 - 50,761,092 26.577,005 - 19,077,005 2023.24 - 14.300,000 - - - 50.761.092 - 26.377,009 - 19.077.001 2024-25 14.500,000 - 50.761,092 - 26.577.005 - - 19,077,003 2025.26 14,500.000 - - - 50.768.042 - 26.377,005 - 19.077,005 2026-27 14.500.000 - - 50.761,092 - 26,377,009 - 19,077.001 2027.22 - 84,500,000 30.761,092 26,577,003 - 19,077,003 2028-29 - 84.500.000 - - 50.761.092 26,577,005 • 19.077,001 2029.30 - 04.500,000 - - $0.761,092 - 26.377.005 - 19,077.001 2030.31 14.300,000 - - 50.769,092 26,577,003 19.077.001 2031.32 - 84,"0,000 - - - SQ768,092 - 26,577.003 - - 19,077,0o5 2032-33 - 84,500.000 - - 50.768,092 - - 26,577.005 - 19,077.003 2013.34 84,500,000 $0 768 092 1 26 S77 005 19,077,005 You! 71.635,323 14,327,063 6.540.166 30,768.092 24,191.088 26.577,003 7,300,000 19,077,005 NPV ) 30,735,417 6,147,011 2,617,385 21,970,949 11,817,974 10,152,975 4,01E693 6,134,2t3 su coC9C S6►'C10'1 UrLIE'" col'sot'N giXtu'S; - - "V189'01 ou'90Y'u ( MIA tIt'ZCL`SCI 000'tZL';1 tit'9CI'601 50S't9fff 6Zt'oZs7/1 - Z/i';OL`tY Z16';I;'/LL MOL bu Ois 1 CZ9 OEE►tZ ►C•£EOZ tZ►'Z Ct'i[1 ti/'9;t'6►t 6u'oZszs l CZ9'01c,"t C E•ZEOZ ►Z17EL'icl t t'9;►'6►l 6u'cuut CZ9'ocC►►Z ZE'IEOZ MIECCEI - ►Z►190'601 - 6u,culzsl - - EZ9'OEE'►tZ WOW tit7E1ft1 - ►Zf9;t'6tl • - 6ZL'outs[ - - EZ9'0CE'MZ • of.6ZOL tiY'ZCL'EEI /Zt'9;t'601 - 6ZL'ouls1 • - - tZ9'OfC►ti - 6Z-1ZoZ tZt'Z£L'EE[ 09 Wes tZ►'90`6Y1 092'01E'i - 6ZL'OZJ`ZII o9s'/ZCs - ;[Z'ls0'L £Z9'OECttZ 9 0'",Ol tZ•LZOZ t%lot';Zl OCI'06I's t9;'IC1'101 OE['0;['s 691'66t'tL[ OE1.O;t'S - ZC;'LE01 L►;'tZ6'EEZ Z99'LII'01 LZ-9Z0Z tSYISCM 1Z1'SLCL It►'IS6'ZEl 1ZS'IL6'L 6ECDC991 SZS'IaL LOL't66'1 ;ss'9U:VZ tE;'ELG6 9Z-;ZoZ Lo9'sLZ'60i L11'OIS'L Loom';ZI 1/1'0I31 Zt6'99C/;1 L13'0181 - ZU%S6'1 I;CE9CCIZ 609'C9L'6 ;Z-tzoZ Oul"'lot Z►1.6E►'9 Ou'l6I'LII Ztl'6Et'9 001'Lorl ;ZO'9t61Ot1 Z►Z'9t91 09;'1161 Z/L'6WEOZ ZOI'L55'6 tz.EzoZ SL;'sZ0';6 us'9LZ'9 - /LMCall LL/'9LY9 0;6'LOZ'I CfL'6067t[ Lu*tst'L - WIL1'l Ot6'Itt'►61 /C0'95E'6 EZ-ZZOZ 00C1;L'/1 119'611'9 o"';L►'t0I 1/9'611`9 006'90Z'i 9;6YZ/';c[ 115'9ZfL MIES,[ ;06';s0'5sl 9ZZ's11.6 ZZ-IZoZ oZ0'ZE97s 60'596'; OZO'95136 6E1';96'; OOE'90Z'i ;LCS60'SZ1 6014i'L 09s%Wl Os9' WSLl 66Z't96's WOW tss'999'9L 41'811's Is8'06CZ6 Z6I'8I81 0t1`Iorl 9f6'9woZl ZtE'6iwL 9Cs't;t't ISCE96.99t Ul'tu'tl OZ-610Z 6s9'Sts,u 014'S99'; 6s9'ZL;'x 010's99'; 0;lwl t6;L06'EII 0LZ'OLS'9 1;6YIL'1 EOZ'61l'I;i L/ aVs 61•SIOZ 6O9'OI[';9 ►60'OC;'t - 609'►O6'OI t40'0C;'; Ot6'f6['[ t9CLE0101 tt0'tu'9 I101S91 910'109601 ;t0';ot'1 sl-11oZ ;l;'0;9'6; LZl'EsC; ;ICtLE';1 1ZIfSC; 009'Lbt'[ OZE'CIC00[ LZL'oul Zsl';►9'[ 19061'1/1 106';ZZ'1 LI'91oZ SICL9Z'ts ZZ[7trs SSC16IV69 ZZI ZtZ'; 00['9611 C6;ZWE6 ZZzb►I'9 9;0'019,1 UVOL61C[ SLZ'O;o'/ 91-;IoZ 99Z';ZO'61P ;ZO'LOl`s - 99Z'6►L19 ;ZO`LOl'; O;►';61'l ltru 'Ls ;L►'ZOC 9 619';L;'1 w owtLl ►60'841't 61-floz lK'116'(t ZC►lwt 000';L1 ItZ'Zt9'6; Zc►7L6't D00';6t'1 96/'6/6'OS ZE019119 - s;S'lts'l is07t0'Lti 06Z'61K'L VI-CIoZ 60s'ozi'6C 6f4L9t't O00'"t ",699'ts 6ECLEs4 00t'L611 19t='IL 6E0';EO'9 - 09L'SO;'l 16LIEC601 66CEICL cl-ZIOZ 143759'0E 06;'tE0'► 0O6'EL9 [LS'lt3'6► t6►'SOCIP O;L'961'1 9Zt'LsL'19 11Z';06'; - IIC9Lt'l C6 ou'lol ;;;'1IEL Zl•iloZ LLZ'119'Ot lo';66f 0061E6l LLt(WO L6C6S;'I 009'SI['I ZSI18I19 166'Lu'; 660'ttt'l IE►'Lot't6 96/'ZZZ'L. WOW O/L'Zi3'9Z 16Z'£11'E 009'1;0't O66'CC;'Ot L6s'191't o;t9st'[ ;Sl'►Ol'L; L►Z'E;9'; ZICEIY'[ Ewt/I'Ls 6;;'990'L 01-6W Est'60'a 9►Z'Ol6L weli►'1 ts0'690'9t 9►C"ry 000'9/t'l sE6btt'1; 9Y6'0f;'; - 9f17sC1 tsCi11'Os ZS9'E16'9 WBOOZ SCZ'66t'ot W"9'Z OOtus'l scilwif ;6L'IIZ'► O;Z'it t66'616';t ;t0'lit's - IMZSC1 ZoetorEL 998'E9L'9 so-LOOZ ustoll 169'tc;'Z OO►USI Ztc soVa s60'Lo['t 00t'9111 LWSO;'Ot /6t'Ews • ;LC'EZCI ;6/'Ott'99 El1'919'9 LO-900L ttl'IIC;I S;O'Zi►'Z 00t%L;*l HZ's6C1Z s;t't66't 00S'ts1,1 6tt';IZ'9c I;Z's11's ;9;'►6Z'1 ao*tZs'6; cZ1'ZL►'9 wsooZ 920'966'9I 110'Sot$ WWI 91L'Eot'61 lst'os/'t OOI'►1l'I [61Lt0'Oc [sr;90'; OZC99Z'1 OWISCE; I09'ICC9 6"OoZ so0'ss;'0l 1[Z'060Y OO UCI ;OCEZ631 Il9';6t% OCWVI1'[ 016'116'►t 110,0294 E0o'OLI'[ 66;'610L► WOW; 14EOOZ t6L'68►'I ;26;11'1 0muct i69'LZO'Zl ;ZCISGt OO9'Zst'1 66fl6Z'OZ ;Z6'oxy IWL90't ;I;'69110 LSVIEC; Moot 698.Coo 091'lZ9'[ 006'I6s 69E'6£6's 091roZ;'t olvia'I /L6bZ0.91 Ot0'669'E 091'►Z6 6Z6'OCS';E 001'LZ9'► MlooZ 60 %wr L6;'►9!'1 00;'ILL 600'6[t'9 L60'CtZ'z st1'fsl'[ tf61ZCZI Zts'9Z►'C - 0100 itl'LorIC Z;;'Ssry IO-Ool1Z ZI►'LIVE /66';/Z'[ 001'9Z; ZI61L['t s6L'99C[ ;S[LL['1 Z60't61'1 SS6'Et6`Z %C;u 9t;'E74'9t 216'6L9'E 00-d661 ;lt'll.Z't ;66'9;6 00CLE1 911'60t'Z ;69'►60'1 ss;'641'1 011'1;6'; oortLZ'Z OL;'89; 66CEtZ'CZ O;s'Z►sL 66-1661 6l►HO "I'M 61►'ttcl ►11'089 ;s6'osl'[ 6Z1'919'C 69s't9s't • Ot'99t ttl'000Z 9EE'LZE% WL661 9ft'CC9 tt;'ft9 - 9f;'EE9 9f;'EE9 solii'l 19018'1 196Yts'[ - OtCEtt ZItfLO'SI IOL'S9Z'Z 16.9661 trfto/'tt PH swwio�rojl trr�iola� �!'1'[""Y �"K W"Uvo Ill t—a1 kR"m fwd sy"'�H 7v1," '°� naip wxi+ '1 P1 P -WV •"Wi^mJ "9""V 9wa "IW.4 %Z1111/ I-Wr; "619 M&MrMMJ PW~V" M"A V3-!'d L73(OZId 111��idOr !►3Q3112i33d'AUYW 96/11/1 1�3l3�W s zrttzll Krlt J!�]i7X7 our-oS"AD Im°P°N1-M-Pafom 1i w°"a'011"I (Ol'1181/j L�r 1r+�M+�N2i 4"'8 w��wrg �alla� ,LIflIIIX� EXHIBIT "II" rl0~60 Bomb Red neMrwwd Agency TA>llt 1(e) Tax Isormwt Rev&nuc Prpjedwo-Modnnts Growth Somrio rMSMG PLAN REMAL*(3 L*(EFFECT In" OAKVTF,W RF!)EVFIjNNW.VT PRO1FiCT AREA Yew FAimded L)mmW uvs Graft Lzuteal Ali 1290 Nd Tax LU=dauvs vem Serms AvaRaMs CUMA auvs Amumod Not L)mmtauvs Oran Oro&&Tax Haring Par Statutory iftormaft TOW as 92 Sad& Nsnisrwing Avait" Dsvdapfte d Nomhoa&ie1 Nd Tax laormna t 6xr6109 Rowe"" Rw&wr& Raimbv&eraftt Rsv M NarlAatl&in 6,045.707 1996-97 413,169 6,439,076 t2.674 31,626 292,070 292.070 300,105 (1,035) (1,035) - (1,035) (8.035) 1997A3 426,293 6.815.369 15.259 43,141 - 297,1M 589,9% 296.905 911 (7,054) - "1 (7,034) 1998-99 439,475 7.32044 17,195 47.761 - 303,129 193,775 291,635 5,164 (1,890) - 5,164 (I,t90) 199940 4SZ922 7,777.766 90,594 3Z.467 - 309,170 1.203,649 295,043 14,125 12.933 - 14,12S 12,935 200"1 466,636 8.244,402 93,327 59.739 - 313.570 I,S17,219 296,345 17,225 30.160 - 17,225 30,160 200142 480,626 8.725,028 %,125 64.932 - 319,S69 1,136,784 302,210 17.219 47.449 - 17,219 47,u9 2002-03 494,891 9.219,923 91,9T9 70,2Y1 - 325,618 ZIOZ473 297,500 21.181 73,638 - 21,111 73,631 2003-04 509,449 9.729.372 101'"0 75.629 331,930 2.494,403 297.600 34,330 109.968 - 34,330 109,962 2004-03 524,293 10.253.667 104,139 81,139 331,297 $832,699 297,350 40947 150.914 40.947 150,914 2005.M 539.437 10.793,104 107,117 M.759 - 344.790 3,177,490 296,750 41,040 191,955 - 48,040 191,953 200"7 $54,882 11,347,"6 110,976 92,492 - 351,414 3.521904 300,100 50,614 249.569 - 30,614 249.569 2007-01 570.637 11.912,623 114,127 91.339 - 338,170 3,817.074 299,150 39.020 301,5M - 59,020 301,519 20084)9 516,706 l2,505.329 117.341 104903 - 365,062 4.232,13S 29 .1SO 67,012 376.500 - 67,912 376,100 2009-10 603,096 13.108,423 120.619 110,386 - 372.091 4,624xd 304,3M 67,2" "3,791 - 47.291 443,791 2010.11 619,219 13,721,240 123,963 120.406 - 37$,446 4,999,672 301,400 74,046 917,937 - 74,0" 517.837 2011.12 636,861 14.365.108 127.374 126,9M - 31Z318 5.312,191 2917.650 84.968 6OZ706 $4,561 6OZ706 2012-13 654,762 15,019,369 110.152 133.677 3to,732 3,771.922 103,550 16,112 611,117 - 16,112 6t1,117 2013-14 67ZO03 19,691,37) 134,401 140.513 - 3".0" 6.169,012 303,400 93,690 7t2,STI - 93,690 7tZ,371 20WS 690,100 16.311.473 131.020 147,415 - 404.194 6.573,607 297.550 107,044 119,622 - 107.044 119.622 2015-16 709,991 17,090.031 141,712 114,997 - 412,230 6,9tS,136 301.350 110.900 1,000,521 - 110.900 1,000,521 2016-17 727916 17,117,417 143,477 161.151 420.051 7.403,914 299,100 120978 1.121.479 120."1 1.121.479 2017-11 746,590 18.564,001 149.311 169.250 421,022 7,133,936 301,150 126,M 1,241,351 126,1T2 1,242,351 2011-19 766,179 19,330.IS7 153.136 176,791 - 436.145 1.270,081 302.150 133,9" 1.312.346 - 133,995 1.3W46 2019-20 786.159 20.11045 137,232 104.496 444,431 1,714.512 302,100 14Z.331 1,524.677 - IW31 1.924,677 2020.21 806,139 20,922,114 161,301 IM42 - 452.183 9,167,3% 306,000 146,111 1.671,561 1",113 1,671,561 2021.22 127.326 21,730,210 165.465 200,357 "1.504 9,621.900 303.500 151,004 1,829,565 - 191,004 l,129,565 2022.23 141,329 22,591,739 169.706 208,526 - 470.297 10.0",197 364,950 165.347 1,994.912 - 165,347 l,994.912 � 2023.24 170,156 23,46UM 174,031 216,159 479.266 10.571,463 - 479,266 2,474,178 479,266 2,474,171 2024.21 192,216 24.361,110 171,443 225,353 - 481,415 11,066,171 - 411.415 2,96Z593 - 499,415 2.962,591 20I5-26 914.717 25,275,127 112,943 234,027 - 497,746 11.564,624 - 497.746 3,460.339 497.746 3,460,339 2026.27 937.667 26.213,494 117,533 242,170 - 507,264 12.071,882 - 507,264 3,967,603 - 507.264 3.%7,603 2027-21 961.077 27,174,$72 I92,215 231.819 - 516.9T3 12,718.661 - 516,973 4,414,376 - M,973 4,4114,576 2021-29 984.953 28.159,527 I%.991 261,019 - 326,17S 13•119.734 326,87S 5.011.451 526,17S 5.011.451 2029-30 1.009.311 29,161.231 201,162 270.473 536,976 13,652,712 536,976 5,941,427 - 336,976 S,341,427 2030.31 1,034,154 30,T02,992 206AM 210,043 - 547" 14.199.990 • 347.271 6,095,703 347.271 6,095.705 2031.32 1.059.493 31,262.411 211,1" 219,801 557,717 14,757.7" 557,787 6,653.492 - 337.717 6,653.492 2032-33 - 31,762.419 - • 14,737,777 - - 6,633.492 6.653.492 2033.34 31 26 413 14 737 777 1 6,693,492 . 6,693,4921 Total 23,216,771 3,043.336 5,41 S.643 - 14,737,777 1.104,215 6,653,492 6,633,492 NTT ) 7.511.241 1,516,244 1,354,S39 4,710.457 3,517.004 1,123,453 1.123.453 EXHIBIT "Il" Tax iavatwd Rwemm Projamiarr-Mdodwaft(kowtb Soomr6 EX1.9MG PLAN RRMAP,93 M T.FPFCT 1/1" TAiPF.RT-REACII REDEVELOPMENT PROJECT Yew krtuaatad curowmtivo Gtvw 1;.ertial AB 1290 Not Tax Ctwaiat Vo DOW Swvwa AvaRabia CMNAAF" Mwwod N4 cumbjWve Brow Oro"Tw I e-bq Pw Stae4arr bbff=Md TOW an 92 hand. IKaaiamWWC Ah M ilobW Dkpood NoaYawitl N4 w Tot luoft d blarmbod 11er Mw PBVMM§a Rave w R4.bra 000 Ro." Nadtottsin 2.471.204 199&97 254,979 2.7M,113 50.996 - 203,913 203,9" IGZ149 41.134 41.134 41,134 41,134 1997A1 260,397 2,M.590 S2,079 - - 209.317 412,301 160.643 47,672 M,507 - 47,672 19.507 1991-99 296,323 3.232.903 59AS - - 237,051 649,359 199,149 77,913 167.420 - 77.913 167,420 1999-00 350,000 3,632.903 70,000 - - 280,000 929.359 16ZS95 117,405 21025 - 117.405 214,125 2000-01 350,000 3,912,903 70,000 - - 2f0.000 1,209,339 160.673 119,325 404,150 - 119�32$ 404,150 2001-02 350,000 4,332,903 70,000 - - 290,000 1.419.339 131,710 1211290 $23,440 - 121.290 523440 2002-03 330,000 4.612.903 70.000 - - 210,000 1.769.359 161,700 111.300 643,740 - 11VW 643:740 2003-04 330.000 5,032.903 70,000 - - 280.000 Z.049,339 159,250 120.730 764,490 - 120,750 764,490 200"5 350.000 5,312,903 70,000 - - 210,000 2.329,359 166,100 113.200 177,690 - 113,200 117,690 2001-06 350,000 9,732,903 70,000 - - 210,000 2,609.359 163,650 116,350 994,040 - 116,350 994,040 2006-07 350,000 6,OIZ903 70,000 - 210,000 $1MX9 163.500 114,500 11101.540 - 114.500 1.108.540 2MUS 350,000 6.432.903 70.000 - - 210,000 3,169.359 162,000 111.000 1.226,940 - 111,000 1.226,340 2001-09 350.000 6,712.903 70,000 - 290,000 3,4 99 163,500 116.500 1.343,040 - 116,500 1.343,040 2009.10 350,000 7,132,903 70,000 - 290,000 3.729,359 159,690 120.3" 1.463.390 - 120.350 1."3.3" 2010.11 350.000 7,4112,903 70,000 - - 210,000 4,009,339 160,000 119,200 MOW" - 119.200 1.112.990 2011.12 350.000 7.13Z,903 70.000 - - 280,000 4,2M.359 166,600 113.400 116951990 - 113,400 1.695.990 2012.13 350,000 1,11Z903 70.OM - - 2".0 M. 4.569.359 1(A.7" 113,300 1.0".249 - 113-W 1,1",240 2013.14 350,000 1,532,903 70.000 - - 210,000 4,149,359 166,450 113.550 1,922,140 - 113.950 1.922.940 2014-15 350,000 /,112,903 70,000 - 2t0.000 9,129.339 160,150 1 I9,150 2,0411990 - 119,1 S0 2,041.990 2015.16 350,000 9,232,903 70,000 - - 210,000 5,409,379 165,250 214.750 2.156,740 - 114,750 2,156.740 2016-17 310.000 9,512,903 70,000 - 290.000 9.619.399 163,"0 116.050 2,2T2,790 - 116,050 2,272,790 2017-11 350.000 9,932.903 70,000 - - 210,000 5.969,359 162,300 117,700 2.390,490 - 117.700 2,390.490 201849 350.000 10,212.903 70,000 - - 280,000 6,249,359 165,300 114,700 2,505,190 114,700 $505.190 2019-20 350,000 10,632,903 70.000 - 210,000 6,529,359 167,600 11Z400 Z.617,590 112,400 2,617.590 2020-21 330.040 10.9i2,903 70,000 - - 720,000 6,209.399 164,200 115.*" 2,733,390 11 S'sm 2.733.390 2021-22 350,000 1032,903 70.000 - - 2110,000 7,019,399 165,450 114,550 2.147.940 114,950 2,147,%0 r 2022-23 350,000 11,6112,903 70,000 - - 210,000 7.369,359 166,000 114.000 2,961,940 - 114,000 2.961.940 2023.24 350.000 12,032,903 70,000 - - 210,000 7,649,359 165,150 114,150 3,076,0% 114,150 3,076.090 2024.21 350,000 12,312,903 70,000 - - 250.000 7,929,359 - 210,000 3,)36.090 - 210.000 3.336.090 2025-26 350.000 12.732,903 70.000 - - 220,000 1,W9,399 - 290,000 3,636.040 - 210.000 3,636,090 2026-27 350,000 13,087,903 70.000 - - 280,000 1,4M,359 - 210,000 3.916,090 - 250.000 3,916.090 2027.28 - 13,012,903 - - - 1.489,359 3,916.090 - 3,916,040 2021-29 - 13,012.903 - - - 1,489.339 - 3.916.090 - 3.916.090 2029.30 - 13,012.903 - - - - 2,4".359 - 3,916,090 - 3,916,090 2030.31 - 13,012,903 - - - - 1,419.359 - 3,916,090 - 3,916.090 2031.32 - 13,OIIZ903 - - - - 1,419,359 3,916.090 - 3.916.090 2032-31 - 13,022,903 - - - - 1,419,339 - 3.916.090 - - 3.926,090 2033.34 13,012,903 1 1419 354 1 3,916,00 3 916 090 Total 10,611.699 2,122,340 - 8,419,359 4,573.269 3,916,090 - 3,916,090 NPV(7%1 4.175.251 133,050 3,340,201 1,972,20) 1,361,0M 2,361.000 � Q W V = W N •� NNNNN � N N r� ►� lYN 4 � NM �1gNN. u ;. WNN•, N � rp� r :• PY �' Y' :'' Q � �b � � 25 {{�.. � N a M N r O � � d P uN► � `.�i N � O �O M N A u +. W N •+ O �O � +1 � � � �.�i N ab O �A .1 . . . . . . . . . . . . . . . . N . . . . . . . . . . . . .N N p W U V• U M U 4A U u U V. U U •w U M U U N U M V1 u u u u U U U U UU csA N o S a a0 8 C. S0 80 S 0 0 80_".� 0 8a opp 08 pp0 Opp pop 80 08 Opp 0 Cp0 g0 g0 0S S0 0S 0S 0 w6 • ' • • • , • OO0000006 � 0 40494000P O600000 � r � o:o:P O e e:O a e .� •• r► u .�v .a -� A AAA A. a. a auwwwl�Nl�N:' z !J r 1J ..• N .�• N 7Q � N �Q .1 �.1 J N p J N +i �- uuLLLLLLL.L•L+L+LL.�LLLLirLL1..L1+t+L L•�L+'i..LL�'L.LLLLL. 4 O O O 4 a Q O ya/�� yy■• u u u yy.. yy•� VV�• u u yy�■ u u u yy yy�. u u yy�. ty/■� 44 VV�a u 1 SS eppp QQQQ pppp 88 OpOp SS 4 O O O 4pO6 opOpp SO 8O SO opOpQ 80 8OpQ 80 8Opq 80p ap0aq SOpQ 8O ppOp O O O 8O . • . • • . ■ O � 0 0 0 0 0 0 � � � � 0 0 0 0 0 p O Q O Q ¢ Q Q O P � � � 9 . 8 C�7 A Ao� AoaA aawAuu. uu:,.� a� a� Ufw %awu�NNNNr x ' A �� g� g� �go �g8�g �gSg��gQpg�ppg�p�g8 �ap�go�gb �g8g��g8�gopg�b�p�g $��$8��gapg� g5ppg��gS�gp�gp � w � • • • • , • • O O O O � O O O O Q O O O O O O O O O O � O O � O � a a 9 0 Q AAA A A. A AAMMMMMaa a a awwwww�NN�,►jar ,.. rrr • � � n a A A A A A A A A u u u u u a a a a a w w w w u J4 14 N EXHIBIT "H" Hewtingi now%R"vw*4r ome Atowey TABU 3 Tau IaarareiK Revaws I4o}e eiom-Modwals Ore+wtlt SoswU WrM AMWNDMLN[T/MEIIGiR 111 V96 Year ktemmod Lo www" Q k-" AH 12W Not Tau Lh-ealatrve Vc"Savwe Ase"el+le i.'m u muw Arw+d Not 4.'w hove Oro" Oro"Tax Rerlme Pm St M-Y taorew" Total oa 92 Bmmk No-re-lwt Avast" D velop-ad Namho-ift Nd Ts;I-arenbmd irwwr d RwowwsTWWAA peywamm lkrve r lt-4&wre"em Rvwa- NkWA�-.;P11 31,196,690 1996M 4,414.401 43,331,097 tt6,111 45,251 1.335 3.500.940 3.500.90 Z626.992 113,949 813,94t 113,94t 113.941 1997At 4.517,131 47,11t22t 911,426 49,9M 2.696 3,593,015 7.093,955 2.671,79t 914211 1,72t,166 - 914,21t 1,721,166 1994A99 5,161.417 33,056,645 1,033,613 54,t31 4,094 4,075.811 II,169,774 2,67t,348 t,397271 3,125,437 137.700 1.259,571 Z917.737 1999-00 6.12Z131 59,179,476 1224.566 59,764 5.500 4,133.000 16,OOZ774 Z675,491 2,157,513 52tZ9S0 520.900 1,636.713 4,624.450 2000-01 1.346,037 67,529,513 1.669,207 336,600 6,945 6,333,2t3 22.336,050 2.614,461 3,641,1117 t,931.767 1.521.SOO Z120217 6.744,767 200142 1,781.310 76.313,t23 1.731."2 341.137 1.412 6,673.393 29,M9.452 Z6t4,70S 3'"1'681 12,920,43S 1,641,500 2.340,1tt 9,094.955 2002-03 9,607,232 85.921,05S 1.921.446 361.319 153,612 7,161,235 36,171,30T 2.691.400 4,477,435 17,397,910 l,93Z4O0 Z525,055 11.610,010 2003-04 10,224,736 %,145,791 Z044,9 7 374,050 26Z191 7,543.344 43,721.15S Z617,750 4,155.79t 2Z253.701 Z147,400 Z701.39t 14.311.401 2004-0S 10,114.593 106,960,394 2,16Z919 3t7,036 376,9i4 7,117.6t4 31,609,539 Z690.9SO 5,196,734 27,450,442 2.3ZZ4W Z174234 17.19Z742 2001-06 11.066,250 111,026,634 2.213,250 400211 424.013 1.020.705 39.638.244 Z695.300 5,333,405 3Z7t3,t47 Z32Z400 3.011,005 20,203.747 2006-07 11.322,943 129,349.57-7 2,264,SM 413,792 473211 1,171,1t2 67.109,426 Z700.450 5,470,732 3W4.579 Z32Z400 3.141.332 23,33Z079 2007-01 11.594.774 140,434,351 2.316,91S 427.973 523,136 8.316,510 76.125,934 2,701,050 9,615.468 43,t70,039 2.32Z4W 3.293,060 26."1.139 200t-09 11.151.144 1SZ7t6,193 2,370,369 441,629 $75.100 0.464.747 14,590,692 2,697.100 5.767.647 49,637,686 ZIK700 3.5tZ%7 30.221,016 2009-10 IZ124,259 164.910.454 Z424,852 433.%7 627,491 1,615,9S0 93,206,632 Z701,6W 5,907,350 53,949,036 1.901,600 4,10S,710 34,333,136 2010-11 12,40ZI25 177,31ZS79 2,410.423 474,409 680,930 1.766265 IO1.972,997 2,"4,1SO 6.062.215 61,607.231 793,900 5,26t.319 39.602,15t 2011-12 12,611,152 119,991,171 Z537,110 419.%3 735,439 8.923.440 110,0%,437 2.719,450 6,203,990 67,111.240 673,900 5,530,090 45,13Z240 2012-13 1Z974,652 202,97.,7t2 2,594,410 S05,024 121.011 9.053.616 119.930,033 Z72Z750 6,330,966 74,14Z106 370.000 5,%0.166 51,093,106 2013.14 13,269,534 21624Z317 Z653,907 520,794 901,437 9.196,397 129,136,449 Z719,400 6,466,997 80,609,103 175,000 61291,997 57.3i5,103 2014-19 13,570,319 229,812.636 2,714,064 536,190 11011,930 9.307.446 138,443,195 2.714,400 6,593,046 17."Z149 - 6,193,046 63,97t,149 2015-16 13.977.123 243,689.758 Z775,42S 5532t7 3.117,494 9.430.917 147,t74,112 Z727,400 6.703,517 43,905,666 - 6.703,517 70.691.666 2016-17 14.1",069 257.t79,123 Z131,013 570,022 1225,171 9,556,119 137.431.671 Z726,650 6,130,209 100,735."s - 6,230,209 77.111.175 2017-12 14,309.270 27Z3t9,093 2,901,834 5t7.092 1.333,002 9,6115.321 167116."3 Z722,500 6,%Z121 107,69t,696 6,96Zt21 14.474.6% 201t-19 14,134.962 217,223.955 Z9".972 604.504 1.447,031 9,116,394 176,933.347 2,739,600 7.076.754 114.775,450 - 7.076.754 91,351.450 2019.20 15.166,969 302,390.924 3.033.3% 622,264 1.561,302 9,950,009 196.193.356 1.670,1130 1.279,159 123,054,610 • 1279,159 99.130.610 2020-21 13.503.721 317,t%,646 3,101,144 640,379 1.677.t60 10,016.338 196,969,695 1,676,500 11,409.138 131,464,449 - 1,409,t38 109240,441 2021-22 15,151,252 333,747.191 3,170,250 651,136 1,7%,750 10.221,396 207.195.090 1,675,810 1,549.546 140,013.994 - 1,149,546 116.7t4,994 2022.23 16,203,696 349,951,594 3,240,739 677,703 1,911,011 10.367.236 217.562.326 1.671,900 1,69t236 141,702.330 • 11,618.336 125.479.330 2023-24 16.363.193 366,314,7t6 3.31Z639 6%,927 Z041,714 10.511.914 228.074.240 07Z970 9.138.964 1S7,941.M - 9,131.964 134.617293 2024-2S 16,929,1t2 313,4",669 3,311,976 716,535 Z167,It4 10.659,417 231.733.7M - 10,659,417 161,500,706 - 10659,417 149,276,7X() 2025-26 17,303,909 400,748,977 3,460,712 736,535 Z2%,579 10,810.012 249.543.739 - 10,110,012 179.310.792 - 10.110,012 156,016,792 2026.27 17.685.419 411,433,996 3,537,0t4 756,936 Z429,203 10.%2.196 260,305,935 - 10.%Z196 190.27Z9t9 - 10,96ZI96 167.041,999 2027-211 111,074,562 436.501.539 3,614,912 777.744 Z364,410 11,117.423 271.623.361 11.117.423 201.390,414 - 11,117.425 172.166,414 2021-29 11.471.492 454,9t0.051 3,694,291 79t,%9 Z70Z465 11.271,760 2tZt99,121 - 11.273.760 21Z666.179 IIa75.760 1"."Z175 2029-30 11,176,364 473.156,414 3.773.273 120.611 Z143,210 11,437,264 294.316,315 - 11,437,264 224,103,431 - 11,437,264 200,t79,4M 2030-31 17,814,611 491.741,095 3,376,936 84Z700 Z761.201 10,703,137 305,040.422 - 10,703,137 234.907.276 - 10.703,137 211.50,276 2031.32 11.277.143 310,011,240 3,655,429 M5224 Zt95,759 10,160,933 315,901,155 - 10.060.933 245,669.209 - 10,t60,933 22Z,444r09 2032-33 17.597,121 521.610,361 3,511.424 Stt,433 2,992.037 10,493.22i 326.394.313 10.493,222 7%,161,437 - 10,493=3 232.931.437 2033-34 17974 0t3 145 St4 444 3,594,117 601,701 3,1361029 1062l S29 337,015,913 1 10,621,529 Z 7 966 10,621,529 247 551966 Tool 506,687,754 101,337.35' 19. 00,022 48,534,269 337.015.913 70,232%7 1 266.112,966 23.224.000 243,551,966 NW 131.936.213 27,7t7,243 4,957,231 1.440.112 97.750,919 31,71S2t2 1 61.961.612 IZOM191 53,933,447 EYIIIBIT "II" Rwdoactan Do"Ralawlopw.at A=wer TABLE I(.) Tax Tmmmmi Ra anm A►+ojWUM-MO&rata GMwtlt SOMNW WIN ANCr"MENT/MERCER Ill E/'96 tRINT NOTON CFNtTR RME1►FIDPWNT PROJFZr AREA Yow L:A.Hb ted (%=Wauvr G4vw Fmstm6 Ali 1290 Na Tax (.N=dmiva Dcbl Sarvboo AradaNa t)WOula<M Not Lomadou r CNVN 0 Tat Romble PM 5tat" b+ram" Total as92Bon& N*MmwMg Avtilabk D-gopmW NaW-aing NCO Tat b weomwA looewand llmv a Tbmmo prjmdmio ltrwa RAWmmumd Rave Nawb.. 12,t64,677 1996-97 1,171,062 14,039,739 235,012 6.626 933,424 933,424 1.043.313 (109.119) (109,119) - (109,tt97 (109,It9) 1997M 1,214,004 15.253,742 242,801 6,U5 - 9w5t 1,197,781 1.040.263 (75.903) (115,794) - (73.901) (IIS,794) 199E-99 1,253,724 16.S07,467 250,74S 7.069 993,910 2.t93,691 1,041,163 (45.212) (231.6") - (43,252) (231.046) 1999-00 1.294.239 17.801,706 251,141 7,2M - 1,022,094 3,921.715 1,040,663 (12,569) (243,613) - (IZ%9) (243,615) 200"] 2,133,363 20.637,271 $67.111 276.961 1199I.191 3.913.377 1,043.703 947,819 704.274 730,000 197,819 (43,726) 2001-02 2,907,717 23,544.9d1 311,543 2t3,905 - 2,012,26E 7,955,645 1.043.035 997,233 1.701,507 750.000 247,233 201,507 2002-03 2,911.312 26.526,300 596,262 291,091 2,093,951 10.849,603 1,049,6M 1,044,33E 2.745,11" 750,000 294,351 493,t" 2003-04 3,056.379 29,5t2,679 611.276 291,421 - 2,146,613 12,196,2% 1,046,500 1,100,1t3 3,146,011 750,000 3SO,183 $4 .041 2004-05 3,132,947 3Z715,626 626.589 305,197 14,013 2,116,409 14.3t2,694 1,042,000 1,144,409 4,990,417 750,000 394,409 040,437 2005-06 3.211.047 31.926,673 642,209 313,322 21.396 2.226.929 16,609,623 1,051,100 1,175,129 6,166,2t6 750,000 423,129 1,666,2t6 2006-07 3,290.701 39.217,381 658,142 32000 43,006 2,261,260 11,1T7,t13 1,047,750 1,220.510 7.386.796 750,000 470.910 Z.136,796 2007-01 3.371.963 42,589,344 674,393 329,234 S7.919 2.310,418 21,11/,301 1,047.650 1.262,761 1.649,563 7",000 31Z.761 2.649,563 200149 3.454,841 46,044,I" 690,969 337,326 73,130 2.353,411 23.541,719 1,050.410 "02.961 9,952.S32 750.000 552.961 3,202.532 2009.10 3.319.311 49,513,568 707,176 349,530 18,645 2,397,Y79 21,931,"1 1,015.800 1.341.479 11,294,011 750,006 $91.479 3.794,011 2010-11 3.625,609 13.209,177 723.122 353,999 104.471 2.442.017 21.381,019 1,053.350 1,311,667 WIZ678 Vtt.667 5,1t2,671 2011.12 3,713.162 56,922,739 742.712 362,S17 120.613 Z.417.650 30.861,665 1,011.450 1.429.200 14.11I'm - 1.429,200 6.611,177 2012-13 3.903.274 60.724.01) 740,451 171,346 137,07t 2.134.191 33,402,00 1,057,4m 1 471,79S 11.540.677 - 1.471,791 t,090,672 2013-14 3,E94,710 64.620,792 77t.9S6 380" 113,1172 2.St1,671 33,914,531 110S4,5" 1.521,121 17.117,794 I.S27,121 9,617.794 2014-19 3,91t,116 61,601,909 797.623 )",394 115.391 2,613.708 31,600,279 1,060.550 1.535,158 11.672,952 - 1.595.158 11.172,932 2015-16 4.013.319 72,692,221 116.664 39t,690 217.$41 2,650,425 41,250,664 LOW" 1.117.727 20.260,677 - 2.517.725 IZ,760,677 2016-17 4,180,426 76,972.654 136,029 401,171 250,333 2,613,137 43,936,"l 1.066,000 1,619.137 21.980,514 1.619,137 14.380.114 2017-11 4,279,473 11.132.130 157,195 417.842 213,7t2 2,721,977 46,6511,411 1.063,fo0 1,656,157 23,537.371 - 1,656,157 16,037,371 2010-19 4.380.506 15.33263S 176,101 427,706 317.199 2,758.799 49,417,257 1.070,000 1,698.799 25,126.170 - 1,6tt,799 17,726.170 2019.20 4.483.336 90.016,192 t%.711 437.768 3S2,699 2,796,37E 72.213,633 - 2.796.378 21,022,S41 2.7%.371 20.122,S4t 2020.21 4,119,"ll 94,604,160 917,734 "11,031 31111,197 2,134,709 55,041,341 - 2,t34,709 30,217.257 2,134.709 23.357,257 2021-22 4,693,112 99,300,742 939.176 458,499 424,400 2,173,106 37.922,151 - 2,173,106 33,731,063 - 2,173,106 26,231,063 2022.23 4,803.241 104,105.9t3 961,048 469,177 461,330 2,913,696 60,833,136 2,913,686 3604,749 - 2.913,6% 29,1",749 2023-24 4.916.716 109.022,769 913.357 400,068 4".991 2,954,362 63.790,199 - 2,974,362 39,399,111 2.954XI 32,099,111 2024.23 3.030.563 114.053.332 1.006,113 491.177 337.420 2.99S,1S3 66,716,032 - 2.99S,833 42.594,964 - Z993,153 35.094,964 2025.26 3.1",614 119,199.94d 1,029.323 502.50t $76.610 3,0311.173 69.t24,221 3.031.173 41,633.137 - 3,032.173 31.133,137 2026.27 1,264,917 124,464.934 I.OSZ.997 514.0" 616,514 3,01040 72.903,564 - 3.081.340 49.714,477 - 3.081.340 41.214,477 2027.21 1.393,721 129.150,661 1.077.146 529,855 657,]St 3,125,370 76.030.934 3,121.370 S1.1139.9" - 3,125.370 ".339,046 2021.29 5.508.813 135.339,543 1,101.777 537,1t0 691,947 3,170.210 79.201,214 3,170.220 95.010.127 3,170.2110 47.310,127 2029.30 5,634.501 140,994,046 1.126,900 550.145 741.367 3,216,019 12,417.303 3,216.019 S1,226,216 - 3,216.0t9 50.726,216 2030.31 5.762,632 146.756,678 1,112,526 562,413 7t4.636 3,262,114 85,680,117 3,262,114 61.499,030 - 3.262.114 53,919,030 2031.32 1,193,326 152.670,064 1,171,665 $75,416 121.771 3.310,473 11,990,590 3,310,473 64.?"."3 3.310.473 57.299,503 2032.33 6,026,633 1511,676,636 1,203.327 516,432 t73,712 3,379,Ot6 WJ49,676 - 3.339,016 6t.152.1t9 - 3,359,0t6 60.651,519 2033.34 6,167,606 164139 242 f 23 S21 601,708 919,706 3,401,671 9S 75t 47 1 3,401.671 71 367 260 3,401,671 64,067,260 TOW 133,974,563 30,394,913 14,311,377 11,436,92/ 95,751,347 24,191.Ot/ TI,S67,2d0 7.500,000 64.067,260 T=P1► ) 40,126,263 t,165,37] 3, 700 1 174 27 76,217 11117.974 1l,932,243 4,011,693 11119.911 EXHIBIT "II" It- tl kc on Beach Ralrwlafwt mW Army TAol12(1) Tax laaement Ra omm Pr q-60-•Madwdo Orath Sm-io Mill AM lTYDMI,lfT/MZRCFR I/i 96 MAIN4V-R RFDEVELOPMENI'PROJECT Year k:mt mmmd c;miwvg (irw Ecireiai AR 1290 Not Tax CumuIww L1e61Saws AvWMWO Lava, Arwerd No cumada.,ve Orono Oren Tag R•tt.i.9 Pwa Stm" Im mm4 Total ea 9213oada wA--IwR Avr7rl+la Devek"W" Alaatto-"9 N4 TaxLoremat LQaoml Rffvew paymumb Rovesaw Rd; Mr Ravwwa Naalor.in 15.904,711 1996-97 2.260.701 11,073,412 433.740 - - 1,114.961 1,114.961 1.111.425 633.536 633.336 - 637,536 633,336 1991-98 2.327.336 2Q400,741 445.467 1,%1,969 3,676,129 1,lt0,9t7 690,194 1,314,419 680,114 1,314.419 19"-99 Z242,850 23,243,598 568,570 - - Z274,2t0 J."I'l16 1,179,9113 l,041,699 Z409,115 137.700 956,997 Z271,415 1999-00 3,679.971 26,923,376 735,9% - 2.943.913 8,t9S,092 1,177,119 1,766,791 4,175,912 320,300 1,249 9941 3,517.412 200"1 4,283,552 31,207.1211 1%,710 - - 3.426,942 IZ321,934 1,10.745 Z243,097 6,419,009 7M"O 1,464,597 4,91ZO09 2001-02 4.623,800 35,130,929 924.760 - 3,699,040 16,020,974 1,171,6t0 2,520.360 1,939.30 $".S00 1,621,/60 6,603,169 2002-03 5,339.657 41,169,SIS 1.067.731 - 142.971 4,127,994 20,148,928 1,18Z600 Z947,334 I1,114.723 1,20Z400 1,74Z954 8.346.923 2001-04 5.950,014 47,019,599 1,170.003 - 241,243 4.414,769 24,St3,696 1.124,400 3,250,368 17,135,09t 1.397.400 I,85Z968 10,199,791 2004-05 6.331,601 73,351.200 1.266.320 - 341,560 4,723,721 29,307,417 1.114,800 3,531,921 11,614,012 1,S7Z400 1,966.921 IZ166,312 200546 6,47Z123 59,924,023 1,294,56S - 369.805 4,101,454 34011,171 1,113,100 3,624.694 22,298,666 1,STZ400 Z052.274 14,211.566 2006-07 6,616,173 66,440,/93 1,323,37S - 391,614 4,t94,114 39.010.754 1,116,400 3,70t,4t4 26.M149 1,77Z400 Z136,0$4 16,354,649 2007-08 6,763.106 73,204,702 1,352,741 422.001 4,9131044 43,993,798 1,19Z230 3,790.794 29.797,943 1,77Z400 2.211,394 12,173,043 2008-09 6,913.6t2 10.118.314 1,38Z736 437.976 5,07Z969 49,066.768 1.116.000 3,816,969 33.614,913 1,434,700 Z452.269 21.025.313 2009.10 7.066.559 t7,184,943 1.413.312 411.532 5,164,697 $4.231.463 1.111,350 3.976.343 37,661.251 1.051.600 Z924,743 23,950.058 2010-11 7,22Z496 94.407.431 1,444,499 - 319.739 5,259,257 50.419720 1.181,600 4,069,637 41.730.919 793900 3,27S.777 27.223,813 2011.12 7,311,555 101,718,993 1.476,311 - 551.551 7,353,693 64,143,413 l,196.750 4.156.943 45,817,171 673900 3,413.043 30,701.258 2012-13 7,343,791 109,33Z79t 1.501.760 611"6 5,423,712 70,267,1" l,197,100 11:26,612 50.114.940 370,000 3,t36,6t2 34,961.140 2013-14 7,709.290 117,042.081 1.541.851 677,157 5.493.274 75.762.470 1,193,000 4,300,274 54,414,115 171.000 4.125,274 39,690.815 2014-15 7.871,094 124,920,175 1.575.619 734.277 1.562.198 81,330,66I 1,193,430 07Z748 51,787.%3 4,37Z748 43,063,563 2013-16 1,050,271 132.970,493 1,6I0,036 - 797.641 3,64Z511 16,973.249 1,191.100 4,444,411 63XZ044 4,444,481 47.508,044 2016.17 1,225,901 141.196,361 1.64S,1t2 $62,273 5.711,454 9Z691.703 1.197.600 4,320,854 67,75Zt91 - 4.920,854 SZO21,191 2017-18 1.405,053 149,601,416 1,611.011 - 921,199 9,795,249 41,417,547 1.193.950 4,601'"1 72,374,792 4,661,195 $6.610.792 2011-19 2.527,717 151,119,203 1,717,337 995,444 S,174,715 104.36Z333 1,20Z150 4,67Z637 77.027.421 - 4,672,635 61,303,421 2019-20 1,774,171 166,963,311 1,754.134 - 1,064,036 S,M5.306 110,317.639 1.201.150 4,734,15d 11,781,5" 4,754,1% 6d,037,514 2020.21 9,964,299 175.927,690 I,792.160 • 1.134,001 6,031.439 116.311,077 1,2%.300 4,831,131 96,61Z722 - 4,131,132 70,8tt722 2021-22 9,151,226 183.085,905 1,131,647 1,209,366 6.121,21S 12 .476,292 1,206,900 4,914.315 91.527,037 - 4.914.313 73,503:037 r 2022.23 9,356,034 194,441.940 I.M.M7 - 1,27t,l79 6,2 '"1 128AM960 1.207.910 4.991,718 96,525.733 4991.711 10.101.755 ` 2023-24 9.557.102 203,999.742 1,911.560 - 1.312,410 6,293,932 134,976,792 1.207,100 S,Ot6,732 101.612.487 5,096.732 85.188.417 2024-25 9,763.609 213.763.351 1,91Z722 - 1,421.147 6.3SZ740 141.359,532 6382.740 107,9",227 6,3tZ740 92,271=7 2025-26 9973,535 223.736,815 1,994,707 - 1.505.399 6,473.428 147,832,960 - 4,473,422 114,461.655 - 6,473,422 98.714,653 2026-27 10,11702 233,924.147 Z037.532 • 1,781.198 6.563,931 1 S4,791,872 - 6.565.931 121,034.197 - 6,365.931 105.310,517 2027-22 10,406,075 244,330,623 2.011.215 - 1."4,374 6.660,296 161,0$9,177 - 6,660.2116 127,694,872 - 6.660,216 111,970,872 2OM29 10,621,860 234,959,413 Z125.772 - 1.746.559 6.7%.529 167,115,706 6,756,129 134,451.401 - 6,7%.329 118,727,401 2029-30 10,156,104 265,913.596 Z171.221 - 1.130,111 6,154,691 174,670,404 6,1134,691 141,3M,099 6,194,6" 127,S1Z099 2030-31 11,017,89'3 276,903.482 Z217.579 - 1.913,494 6,934,832 111,62S,276 • 6.954,132 148,260,931 - 6954,132 13ZS36,931 2031-32 11,324.326 211,227,807 Z264,161 - ZOOZ 491 7,0%.970 181.61Z206 7,05070 195,317,90t - 7,0%,970 139,S91,901 2032-33 11,565,488 299,793a% 2.313,091 2,111,249 7.134,142 195,116,341 7,134,142 16Z43Z%3 7.134.147 146.721.043 2033-34 11,911,477 311 601777 1 2,342,2" 1 Z236,323 7,212,232 203,029,207 1 1 7,212,11 t 169 664 902 7,211851 1 S7 940 902 Total 295.800.061 59.160,012 33,610.342 203,02%207 33,364,305 1 169,664,902 15.724.000 153.940,902 NPV(7%) 79.513.327 1 11,90Z705 6,051.007 37,SSZf14 14,401,103 43,144,711 1 1,013 498 35,131,213 EXHIBIT "H" nwaN m Be"RadewalapwaW Ageng TANIX 2(c) Tag IsnnnaaM Ravenaas 14r jeatiarr•It4a dada Oro+rth Sosrrio Wr M AME?4DMLNT/M[RGT.R lJ1 t/96 OAKVIEW RFI)EVELOMM14T PROJECT Yaar fatawatlad OMP400" ces" r»oataal AH J Z% Not TEE Rti� 1Jabt Soy" A bw cm"auve Ammmod Not cumm ataw &M Qua Toe H"Miwl PM Stag" lawmaam TOW oa"Ro" If=hmmi.r A%wl" Davdopr W N300 rdral ?u Tax!soar"" Mweemw Rarrfaw Ravww Raw women" R.ramm tz aA im 6,045,707 1996A7 413,969 6,459,076 n674 31.626 292,070 29ZM 300,103 (1,039) (2,031) - (1,035) (9,031) 1997-91 426,293 6,115,369 15,239 43.141 - 297,186 519,9% 296,905 "1 (7,054) • "1 (7.034) 1991-99 439.475 7,324,144 17,M 41,761 - 303,819 193,775 291,655 5.164 (l,190) • 5,164 (1,190) 1999-00 412.922 7,777.766 90,594 SZ467 - 309,t70 t,203.645 295,045 1025 1Z,933 - 14,125 12,935 2000-01 466,636 1,244,402 93.327 59.739 313.370 1,517X5 296.341 17.221 30,160 - 17.225 30,160 200I-02 490,626 1.725,029 K123 64,932 - 319,569 t.136,7t4 302,280 17.2t9 47,449 17,219 47.449 2002-03 494,195 9,219,923 91,979 70=7 912 324,706 2,161,490 297,500 27.M 74,659 27.2% 74,651 2003-04 509,449 9,729,372 101,190 75.629 1."4 329,946 2.491.436 297,600 32.346 107,001 32.346 107,001 2W"S 524.295 10,253,667 104,859 11,139 3,007 335,290 2,126.726 297.350 37.940 144.941 - 37,940 144.941 2005-06 339,437 10,793,104 107,117 K759 4,049 • 340.741 3.167.467 2%.730 43.991 111,932 0."1 111.932 2006-07 $54,882 11,347,916 110,976 92.492 5,113 346.301 3,913.768 300,100 49,501 234.433 • 45.501 234.433 2007-01 570.617 11,911.623 114,121 91,339 6.197 351,973 3.165.741 299,150 52,173 2t7,256 - l2,123 287,256 200E-09 586,706 IZ503,329 117.341 104" 7,304 337.732 4,223.499 297,150 60.601 347,t64 - 60,601 347.9" 2009-10 603.096 13.101,4I5 120.619 110,3/6 1,432 363,659 4.317.151 M4,100 11,139 406,723 11,259 406,7M 2010-11 619.815 13,721.240 123,963 120,406 9.513 365.26) 4,953,021 301,400 64.463 471.116 - 64,463 471.196 2011.12 636,161 14,349.101 127,374 126.976 10.757 371.761 5224.712 297.650 74,111 l41,297 • 74.111 949.297 2012-13 6$3.262 15.019269 130,852 133.677 12.961 376,771 5.701,553 303,530 73.221 411.311 - 73221 612.31E 2013-14 672,003 19.691,373 134.401 140.513 17,20E 311.111 9,013,434 303,400 7t,411 6%,999 - 72,411 696,949 2014-13 690,100 16.381,473 13t,020 147.415 17.501 397,094 6.470.928 297.550 19,544 7t6.543 - 19.S44 716,543 2015-16 702,551 17,090,031 141,712 154.597 19.839 392.410 6.262.938 301.330 91,060 177.603 - 91.060 F",603 2016.17 727,396 17.817.417 145.477 161.851 22,225 397,133 7,260,771 299,100 91,733 976.336 91.733 976.336 2017-1t 746.590 11,564,001 149211 169.250 24,697 403,365 7,664,136 "1.130 102215 1,071,531 - 107,215 1,071.551 "IS-19 766,179 19.330.187 153,2M 176,791 27,139 409,007 8.073.142 302,150 106,857 1.119,407 - 106.257 1,185,407 2019.20 716,119 20,116245 157232 114,4% 29,670 414.761 1.417,903 30Z100 112.661 1.2".0" - 112.661 1,291,068 2020.21 806,539 20.922,114 161,301 IM41 3Z252 420,631 S."S.135 306,000 114,631 1,412.700 - 114,631 1.412.700 2021.22 827.326 21,750.210 165,46S 200.357 34,1115 426,619 9,335,134 303,500 123,119 1,535.819 - 123,119 1.531.519 r 2022-23 848.529 Z2.391,739 169.706 202,926 37.571 M1726 9.767,179 304,950 127,776 1,663,194 - 127,776 1.663.594 ~ 2023-24 970,156 23,461,19S 174,031 216,239 40,311 431.935 10.206.135 431.95! MOW" - 431."1 Z.102,550 :024-23 192,216 24,361,110 171,M3 223,351 43.106 441,309 10,612.144 "1'309 2,547,859 "3.309 2.547,159 2025-26 914,717 25275.127 ISZ.943 234,027 43.936 451,790 11.103,934 451.790 2,999.649 451.790 Z.999,649 2026-27 93707 26.213.494 117,533 24ZM 41,164 411,400 11.562,334 - 451,400 3,436,049 - 451.400 3,459.049 2027-21 961.077 27.174,972 In213 251.1t9 31,129 465,143 12.027.477 - 469.143 3,923.192 - 463,143 3,923.192 2021-29 964,955 28,139,327 196.991 261.019 54,154 47ZO21 1Y 499.491 472.021 4.3"213 - 472,021 4,395,213 2029.30 1,009,311 29.161,138 201.t62 270,473 37.940 479,036 12.971.334 - 479.036 4,974,249 479,036 4.974,249 2010-31 1.034,154 30.202,992 206,131 280,045 61.0v 416,191 13,464,723 - 416,191 5,360,440 - 496,191 3.360,440 2031.32 1.059.493 31262.415 211.t99 239.807 64297 493,490 13.952,215 - 493.490 3,153,930 - 493.490 S,133.930 2032.33 - 31,262,485 - - 13MI.7i5 - 3,953.930 - - 5.153,930 2033-34 31,261423 13 939 21 S 9 t33 930 + . 5,853,9101 Total 25.216.771 $043.3% 5.41S."5 799,562 13,951.215 1.104,21S 3.833,9301 S.153.930 NPV ) 7.581,245 1 1316.249 1 l4,939 136.275 4.S74,112 3.317,001 917,171 1 917,171 19isZ/Y Im'iit'Z 10Z'ZL.6'i i96'00/'► LZ6'OZZ ZL►Sil'1 19CLLL'f 9.4 AdN 91S'►09's !IS't09't 69L'ELCI S8L'Lll'E1 99Z'Z6111 [1S'Z6S'[ t9S'ZWO ILL 91S t49't • 9IS/09 i SIL LL1 El i9L EEO OL K-EEOZ 91 S'm't 9lS't09't 98L'LLIYI 29L'EE►'OZ EE-ZCOZ 9if't09't • 91SWO. slCuill SOCCE►'OZ Zc-UGZ 91 S'►09'8 91f't09'8 98AL1'EI - 89L'EEVOZ i C-of OZ 91S'►09'8 Ls1'68t 91S't09'8 L&L'68t SSL'LLl'[1 L"'68► 99t$01 E90's►l s9L'ECt'OZ fiCO►L OEl6ZOZ OCL'Ill's 1sCCst ` OEL'tII's liE'Ett 666'L89Yi 110E1► 60016 L60'itl C91,169'61 L8►'SZL 6Z'BZOZ 6►£'IE91 10l'ut OVIC9'L 101'LLt 8100M lol'LL/ 6S9'16 06I'DI 996'L96'Ii 0S6'OU 1Z-LZOZ LIZ'tfl'L "6'OLt LK►fl'L tt6'OLt 91CLZL'll t►6,04V ►It'9i 0►C6E1 9101SZ'II 969'%9 LZ-9ZOZ EOC'EI9'9 206'm ` EOE't19'9 solvm ZLS'9SZ'I1 I06Y9t ZLZ'It 6/6'9E1 81E'099'LI 9ZLYs9 9Z-SZOZ S6Vllr9 166'16► WrI.I '9 16CISt t99'16COI I66'8St IEZ'9L SOs'm Z66'LL1'91 LZ0'699 WtZUL tot'6SL'S 6fCLsi t4t'6S4'S 6ECLeZ OSe'S91 E19'ZCCOI 631'[St 68Z'IL OZI'1[I ► ISOV91 96S'669 tZ-CZOZ 69071t'S (OS'Iti 6907L►'S lovitZ 004'99I ►M'6L8'6 loll" ttt'99 9s►'8ZI OCUS'S1 lt►'Zt9 EZ•ZZOZ t9S'061'S SL►'9LZ t9S'061'S 60'94Z o6►'691 E86'SE/'6 LZ6'lt/ t69'19 606'67.1 9E5'016'01 EZV6Z9 ZZ•IZOZ OWt16'► LSZYL.Z 060161 1SZ= 00r"I 6SOb66's Lft'"l, LCOU • tLE'CZI U0112VI1 298*919 IZ-OZOZ ZEs'i►9'► 81019Z ZC31t9'► 861'£9Z OO L9l 1O9'E69'8 860'IE► 1Lt%6 Z6s'0Z1 S►I'►99'EI O9►'t09 OZ-610Z SEE'8LC'► CWMZ $Er"Elt EtS'09Z 0OC69I 1OS'ZZ1's Eti'SZ► ►6610 60411 S89'601I L6Z W 61-I10Z Z6L'L111 16C89 Z6L'LIV1, 16CSSE OOC'Z91 1906A 169'KV 9WEV • ►LO'9li saray'Ll 1LC085 81-110Z 90'6Si'C OWUZ IOt'66i'C 069'iSZ OS6'E91 OL6's= O►9'91► EO£'6C 9EL'EII L10'Lt1'11 089'196 Li-910Z 01CLO9'E 60'09 OIL'LO9'[ 6E►'S/Z O5i'S9l 6ZCO9s'9 689'031F f80'fE t",III L[E'Llvil Sirl S 91-SIOZ I4Z'Z9C£ tw"z lal9CE ttb't►Z OS8'091 0►9'6tt'9 t£i'S0t OS6'0C 961'601 OZ1119L'OI 086%05 U-/IOZ LK'Lli'E SZ9'►CZ LSZ'Lll'C SOUZ OS►'991 90s'E►O'9 fLvl4t 968'9Z [66'90i Qt131Z'OI 196'/CS It-£loi E99'Zil'Z 60L'6ZZ C99'List 66L'6ZZ ow"1 zutt9'S 60t'96E iZ6'ZZ ZION "1'009*6 Z91'KS [I-ZIOZ ►S6'Zf9'Z ►Erna tf6'1691 firm 009'991 CZC9►Z'S M 16E ►ZO'61 ►ILIZOI 519'90'6 ZLS'[IS Zl-Ilot OZL'LZ/'Z 60OZZ QWLZP z WOZZ 008'091 61060 S09'NE /t6'91 s£9'OOl EH'Zt9'l 161'EOS II-oIOZ S161OZ'Z 8H'61Z S1670Z"Z 3tt'61Z 069'6S1 18s'SWIF 86t'6LC Z141I E09'86 Zft'6E1's £1016t 0V600Z L90'E86'1 110'01Z L90'E86'1 110'01Z OOS'E91 9tC680't IiCELC 91671 LOW 6CL'9t9'L 1EC'Est 6o-806Z 9S0'£LL'1 1►9'SOZ 9S0'Ewl 1►9'fOZ 004Z9I sts'SIL'E IwL9£ 096'OI 069'►6 SOZ'[9I'L iSZ'EL► WLOOZ 61t'l9S'l W961 Slt'L9f'l LSC961 O0S'69I ►ErstCE L8s'19£ 1146 ZEL%6 IPW689'9 OWE" Lo-9O0Z SWILCI W%61 KO'ILE'1 f6i%61 OS9'E91 OC9661 sti'95C 191% IS8b6 tbt'9ZZ'9 LSVtSI Wsooz CC►YLi'1 /l6'E1l ECt'sii'l t16181 00s'99i ZOI'0C97 OIL'OS[ tic's 200'63 LE07LL'S s£0'ft1 So-t00Z OZS't66 i►0'911 OZS't66 1"'9*1 QSZ'6S1 6113= l6Z'fK 0161C OWLS 666'9ZC6 000'90P to-coot 60101 ► rul 60106 t r"I OW191 s60'tE6'1 tL6'6EE LEVI sull s66'O6s't otVa► Co-ZOOZ SOZ'OE9 ZSO'9Ll 601Z'OC9 ZS0'911 OICUI ►Ll'f6S'l EWPEC • 16VES 6019►'/ isr'sl► Zo-IOOZ ZSI'tft tLZ'L91 • ZSCIP0 tLZ'L91 50'091 191r6SZ'1 616'LZ[ - twill 90t'S►4'► 9E6'60► 10-00" 6Ls'9ti 6St'611 61.8'9sZ 61t'611 S6CZ91 EIt'IE6 ►S0148Z • [IVOL OL/'SE9'E L9579C 00'6661 OZ►'L91 E16'LL OZt'L91 E16'LL 90`1'6f l 66C6t9 iS0'LEZ f9Z'6f C06Urc EZE'96Z 66-1"1 LOS'68 Z1.9'L► LOS'68 ZL9'Lt St9'091 IOCZI► Lida 6L019 08C966% L6C09Z WL661 tEi'l► K8'11 ` Ki'1t ►Cs'lt 6►i'Z91 E16'[OZ [86'EOZ 966'OS ES9'9Zl'Z 6L6'/SZ L6.9661 ►OZ 107 amw"DpL P WQ"9 t +l rl MA N 1+ +io3 ""!my Ali Z6 so IMZ Pow" L-mns; Od &M—S sal.WD+D "*IV mnvp�J M'W"M.7 "I.WN "Z1ffv ORW3 POA sm >f13J>iZi1ULiClWQh'314Ir Hd7M a4""'OS Y�""���*P�NI'wro!loo�ou�[a�1O21 t'�"+o"i�l (/)i TI[ri v+aBY>—d-p-aw2E 4-88-grown i 661166 LUBLIM EXHIBIT "II" Owsting es Bomb R.Jen4.pw and Agaw7 TAIL X NO Tuc[waram W MAMOM.MCNTAIERCLR VI IM YORKTOWN-LAKE RFI EVFIAF!MFNT PRONCC Yew Emin+ded Cu wainv Go ki-t-9 Alf 1210 Na 7 eft Cwnula m Debt Somme Ani6bW Camden ive Amore d Nit (Mauve Oro" Oro"Tax Her.1c PM Sta" Tr mead TOW ON 92 Bon& N"Amosw8 Avoil" Dw kpm d Noia img Nd Ts 1nns:aea inaramed R.V.rW. pwfmwm Rii"tnra ltvv M Namhowin 1.710.391 1996-97 322.296 2,032,6V 64,459 1,335 236,502 256,302 256,502 2%,S02 - 256,S02 236,502 1997-98 329.102 2.361,719 65.f20 - 2,696 260,586 517,Otf 260,596 517,088 - 260,5% 517,012 19"-" 336,044 2,697,833 67.W9 4,024 264,731 711,839 264,751 711,239 - 264.731 711,139 1999-00 343,125 3,040,957 61,625 - 5,500 269.000 1.050,138 269,000 1,050,238 - 269.000 1,0",131 2000-01 350.349 3,39003 70,0" - 6,945 273,333 1a24,172 273,333 1.324,172 - 273,333 1,324,172 2001-02 357.715 3.749,020 71.543 8,411 M.753 1,601.925 2",753 1,601.923 - 277,7$3 1,601.923 2002-03 365,229 4,114,249 73.046 - 9,921 2M62 1.1f4.lf7 212,262 1,284.117 2tZ.262 1.114,117 2003-04 37Z"4 407,143 74,579 - 11,494 296,861 2.171,041 216,861 2.171.041 216,161 2,171.048 2004-03 390.712 4,167,214 76.142 13,018 291.552 Z.462.600 291,552 2,462.600 - 291.312 2,462,600 2005-06 311,616 5.256,940 77.737 - 14,613 2%.336 2,751,936 296.336 2,731,936 - 296.334 2.751,936 2006-07 396.120 5,653,360 79.364 - 17,606 299,130 3,051.766 299.150 3,011.756 - 299,850 3.051,7l6 2007-01 401.117 6,058,477 81.023 20,659 303.434 3,362.220 303,434 3,362,220 - 303,434 3,362, M 2002-09 413.579 6,47ZOM 12,716 23.773 307,090 3,669,310 307,090 3.669,310 - 307,090 3,669,310 2009-10 M211 6,194,267 14."2 - 26,950 310,119 3,910,129 310,119 3,90,129 - 310.119 3,910,129 2010.11 431,015 7,321.292 16.203 30,190 314.622 4.294,712 314,622 4,294.752 - 314.622 4,294,752 2011.12 439,995 7,765,277 17,999 33.494 311,S02 4,613.254 318,502 4,613,2$4 - 311.502 4,613,254 Z012-13 449.155 1,214.432 19,131 - 36,261 3'A459 4,935.713 322,459 4.935.713 - 322.419 4,919,113 2013-14 451,499 1,672.931 91.700 - 40,304 326,495 5,262,20f 326,495 3.262,20f - 326,495 5,262,204 2014-15 461.029 9,140.960 93.606 43.811 330,612 5.592.f20 330,612 5,592,t20 - 330.612 5,592,220 2015-16 477.749 9.610.709 95,550 - 47.381 334,812 l,927.632 334,112 5 927,632 - 334.112 5,927,632 2016-17 417.665 10.106,374 97.533 - 51.037 339,095 6,266.727 339,095 6,266,727 - 339.095 6,266,727 2017-18 497,77f 10.604.152 99.3% - 54.75f 343,464 6,610,191 343,464 4610.191 • 343.464 6.410.191 201t-19 503,094 IIJI2,246 101,619 51,535 347.920 6,951,111 347.920 6,9Sf,111 - 347,920 6,951,111 2019-20 518.616 11,630,16I 103,723 - 62,427 352,466 7,310,377 352,466 7.310,377 - 352,466 7,310.577 2020.21 529,341 I2,160209 L03,f70 66,376 337,102 7,667,610 317.102 7.667,620 317.102 7,667,610 2021-22 540,293 12.700,505 101.059 - 70.405 361,131 2,029.511 361.131 1.029,511 - 361.131 1,029,Sr 2022-23 551.461 13.251,966 110,29Z - 74,514 366,655 1,396.166 3 ASS 1,396,166 • 366.659 1.3%,IM 2023-24 562,151 IVI4.116 1IZ370 78,705 371,575 8,767,741 371,575 1.767.741 371.573 t.767.741 2024-25 574.462 14Jt9,284 114,194 12,910 376,594 9,144.335 376.594 9.144,335 - 376,594 9,144.315 2025-26 586.317 14.975,601 317,263 - 97.341 381,713 9,S26,044 M.713 9,526,041 - 311.713 9.326.048 2026.27 598,404 15.574,005 119.611 - 93.142 315,581 9,911,629 315.511 9,911.629 - 335.511 9.911,629 2027-21 610,732 16,114.737 122,146 • 991060 319,526 10,301.135 319.526 10,301.135 - 3",526 10,301.151 2021-29 623,307 1601,043 124,"1 - 103.0% 3913.550 10,694,704 393.550 10,694.704 - 393.930 10,694.704 2029-30 616,133 17,4",176 127=7 - 111,252 397,654 11,092.351 397.654 11,092.)51 - 397,654 11,09T,358 2030.31 • 17,444.176 - - 11,092.358 11,092,351 - • 11,092,351 2031.32 - 17.444.176 - 11.092351 11.0w5! - 11.092.351 2032.33 - 17,444,176 - - 11.092.351 11.097,351 - - 11.0w51 2033-34 17 444 176 I IOn3 58 l l 58 11 35! TOW 15,733.785 3,146.757 1,494,670 11.092,338 t 1,092.351 11,09Z, 58 NPV 7%) 5.237.216 1 1,041."3 323,029 3.166,744 3,266.744 3,966,744