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City Property - Sold - Talbert-Beach Industrial Site - S sid
71 qW, _ r:! RE UE T Ft `)REDEVELOPMENT ,,l, o. . ENCY, ACTION ' RH 87-06 t. March 6; 1987 : 1466 rable Chairman and Redevelopment Agency Member C+ r 1 . ,Wtted , ' Charles W. Thompson, Chief Executive Offlcere -' •, oyyt,� r pr t Douglas N. La Belle, Deputy City adminlstrator/Rede+V 1 men SELECTION OF DEVELOPER TALBERT-BEACH INDU O I. Contix t,with Council Policy? Q Yes [ J New Poliuq or Exception Stalternmt of line, Recommendation, Analysis, Funding Source, A!ternative Actions, Attachments: STATEMENT OF ISSUE: EIght (8) proposals were received for the disposition of the Agency--ovined five-acre industrial parcel in the Talbert-Deac:h Redevelopment Project Area by the deadline of January 23, !987. Staff has reviewed these: proposals, interviewed selected developers, i and transmitted a recommendation for ►he Agency's consideration on February 1 .3, 1987. It %vas the Agency's action at teat time to continue this mutter for the ptlrpos,Y. of allowing a presentation or, their p�-oposa1 to be rnadc: by two (2) cl^ve'lope-rr, Boureston Devulo1.lment, In%. and These pres:,ritations 'here tunde to tho. Agency on March 2, 19U and fctlov/ing thosi, prc ienOtions it was your action to fi:ive this rnatter :c.huduled for actiotr at your tni:c!tlnU, of March 16, 1987. '1�:1!1 •.iVC th'' ,( 1'.'t:tl(tl) of 1111w..W, 111C. 6.V+'l0pIIw;1. f t-111 tr.1 th'.� xiv�:-:tr:► c; l,n(1cl�;ttit:l l),trr:(:1 ist ih�• 'I�lll,,c:rt-!.3(��((_tt I�.c•(lc�v(�lt�l�rrlc^llt l't'c,jt�rt r1c(.::1 ,.:1tcl liltli.+rl.•(° 1',n(trc ;,fc,rl Is•::vt lajtrrtc'nt tC, 10c for cvn► iticli. `rlt!; to ill( olt th" •.ilc, I'! jilttli'.'l Il`f:(';'Ill lt' 111:tt :,(.itfI bt' ottz hot l.-tA to I (:VC','.' tl;i" of P' '11C+1`ri10W."(.' ,l.'l mll)](' , t t(L" }'om w:10,11 .CIS(: �> ItC'!�C1(l:lfi' l�!'•i1(.,' Itl++rl ll?l l)t \'t.'lt.1l)iil+.'f11 l�,i'1 •:±'rri+'ll� !i'.'ti'.?'('t! tilt' �1;'(:rLC,"}' :trla tll:'• rtrlil f(?t i111'.C'r�t!('lit i�111!'Iv' llt':tt"til}` ll'j t1w: !'I; '1{r-}'' mid tor('(' .•I\'� tll" .;i�r�)l�li)i) (If ,.'G•l{>l1t•( !l('(;O.'iI VIM lir. ri')il-1• '{,tll(l,;il•: llltl(: , . 1}1C• f\ '(•1?t•y, j� t,lt.tltl,: to l)cS i('� {tt. i I'A.1. ,j•• i: '' I I !{ 6i' 1 { t tS. +i. ..? I.'�r l i" '.'. lt {lip':+{�•tS I tl =1 tjt .'l 111 ill°., l•tl{:. T ( i'< l; 11 i', (i. �� 'ft'i'?,:t''41 >. r _ •I{.} S. I x i '.t,. � l{.5.. . i'( r .. .- 4. ..1 .'?:.i' � �,_,' :,,3 { � } tit l t?,l . t• l �.te.. , , ' t '!;�G•,., „r._,. ; ,: , }1..'.. r i r r _ t .r, J {r i ,i f +;'Qt p y�lltij 4 i :1 ' -, .;1 �I' � ,,• if 'i• t pry •r' t Y -t mom• .} ' I r,}• ,'•1 j «i o .Y yYe,,u61. AI .04406h to too disp�cailtlo�t of .thb.'PLO- cal« At the conclusion of tfiese, Interviews, the management 1 review team met ag�rin 'tee compare the statements contained In tech proposal and the ,. . ;,. representations made' by development firms thi o'u?h the Interview process. This eluded li)','. the: tormularlon of- a recommendation for the. selected fIr±in and this. f, ' reck-,Mme Wation Wert vibsequently,%pr,esented to the City Administrator/Execirtive 1re�ctor. The City Administrator/Executive Director,, subseq.Wrntly transmitted his recommendation to the Agency on. February 18, 1987. Developer f ,eseiitations were made to the Agency by two of the developer's (Boureston Development, Inc. and Rhoades-Ewing Development) on March 2. ALTERNATIVE ACTIONS: 1, Select Rhoades-Ewing Development, A: Deject all proposals and postpone the disposition of the site to a later time. This will impair the Redevelopment Agency's ability to repay outstanding loans to the City predicated upon the revenue to be generated by the sale of this property. FUNDING SOURCE: Sale procc eds will bc! r,cdevelop+nrnt Agency revent+c. ATTAC:l'lM!?NTS: t. Revised Summary of Prnpmal:, (Fcbriwry 20, 19,"'). ?, l',curv-ilc i "lt'.1'c(t)j)r1 ent, Inc., letter of Ur;cir r�tr?trcli��s;. 3. (: 01;ittal `!.{>: rial, of I`':�ri c.rfT1i1 IC-1: '.. i, i ..�..�--s.•r�_rT...�-•„ram—••----"— — , ., ,;w. t e - e, P 2.�'„yf ��k > rti tl3 �f'�l'. t �� � � •j, fr,tt '. .'y tI e '. 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H Ujifington Be, arh t:! 0FF10E'DF T141 CITY ADMINISTRATOR ,t P bruary 12, 1937 Mr. Michael D. Todd Proureston Development, I►-c:. 3335 Via Lido, Suite 205 Newport Deach, California 92663 SUBJECT: LETTER OF (.Irt1DER5TANDINC - TALBERT-BEACH INDUSTRIAL PARCEL i Dear Mr. Todd: Flle Kc deve+opt�:e:nt r+ ency staff v:ill be rt!corr��nending the selection of your firm for the disposltior, Of the five (5) acre industrial parcel owned by the Rcdc'•Mloprtient Agency lar in the Talko:rt-Beach ltr_•developrnent Prnjectl��rc19 7,a to t l7riorhe bctoy iortivarelln 3t its bttli s Adjourned t~icetinf, of Tuesday, February , i r-commendatier to the Agen;:y, hovic•v(2r, it viould bc! to c,fr mutual Gcn,-fit to ,Hake tine jullovrit��; points clear: Deposit sit Of 17ift 1•ltcju,tjl Will't [ar�ll.�r�c (�+aU,UUG) 1, clue �tt�c pt>tfi?l:lc� l t.itl► L cp Y F rL�rt.r_�ry l ,f `, 19N. lik car' r,;.3"•llkr.: c 11'�t l: to tl`c: 1tcc;c�tilt;it,lrr:+''rtt 11;,r r►cy nr. f+f+ ,- f Y o };trf orm � I:�::t,cl:�lt i.� rc•itrtl:l-�ia;<, tartly if title (::��y/}�.c:cic�tit:'S�,�rt� rl, 1'�c,_n .� i_• utt�tit�lf� t t t,c 11":iltr <. f 1'"rfcft nt ttt'' l)Crllr!".;toll l'cVoloplil�';lt, 11 tt..:t.l 1"cl ._ i r-t t ' 1 'iiil rttu..l tO fltlly c�.(�13�ttttc �:rtih tlit. t:ffort !t► c:lc7� tl y ,t t'• t•t�+ rrit r.�cl t ct 1:�;7tnl�ly r:itlr flfs� `',��lr= tlr.l!(• trf p t'i�yf/11;;r tt; y in l;( r`If,,r:r►iTrl; =311 c' l l''.t fc+r)rt".t; . _ iri:l t« t.:lr.>�°.. 1►y trcl l.1iC'r tlr.ttf April -ti(•j' llit° H11011;; of ;tll `..r_tir.►r:r of 111: :.1 11}' 11v_- of Put lCt'.•111,(I;r'f," �XY >�1'°►)r,.e"it.lrl l.r'`.4`t`lt)lli}►t`�►t 4'!rll }'tr`'1111r: il;.: C �)t'.7f�t'�•1'+t t+._ }' ';°'ltlC a ::ttf.' },l,Ctt iill';t t+'l::t,. r t'tf`i!' i!t`:f'I t,tjtl=+tlr)11 iitit t'. C. hy tll tl "111— tttir�r)ti :J'r''1 trt r,5ti 1!°'t . in cic t•.11 to 1• >r f,,.,. .f,,+:;ii •tri rf';;'lit :r�"ti, (r. r ! If (r t F: ' tt ! '•(s: s.f IIR ;" ni r'(strt .1tt;1 trr = 1'l`,r 3.';1 �j [!t-. tit t `' .. t • r i z' ."s. �., f 'i" tit .{ . '. tl1: f;'tr; �.t! (t i 1, �l - ' . st.i' S r + ,�jrl tiY. 1i- .,S •i �.1"i ;`.•; � ., r. l,. n� V A I y�iaJ iq rt rt ty l,.tt t� { ry t"i }�'t: ,{, `�r• .i, -.+ - l t r t` S(r t + 1t, + } `_„ _ Ttl,tl ,t � tt,��f .r,r�r'. ••7i4, -r 1 -t '�, '.�v^'S jr+.f ,',�•:L7 •l�,t > •.' r f - ! \` r �Y i , ♦t it i .1 1 + t '.+: N•�t 1�•�'+11 ' j � t +. ` '` .,�l1' ✓i+. r 5 , Y� .1 Li .�� ` !t + �r�Jt'%1`ft' t.+Y'1 t 'L' '• r{ 1 t .Y ! ?• his •••i t S s 1 r. t! r+��l! ,f} J t rr •r. ;t,-'ll s� .tl t1 ail i �Xf• Yr r ;; Y1 tt` 1" �� t�(1 t �: t 1 TIP,..M 1 . ...., .. ..,... , r ... C.,,I II .tt' .. .r.L. .... . ., ...+ a4.:.. r..., n . -. u�4 a +.•.. .•r_.......... nor' t •;'rr,S•. y! . . . . •t' YS t �}. • 1 .. } '1 .l tRFswAfl••� •rY. t._ • /r', ,�J .PsbOuery 129 17 Two 6. The Redeveivopmant, Agency will require a Dlspositton and Development agreement with your firm prior to .the close of escrow for the property. This Agreement will be In iubsts-mially the same form as prese6ted to you In your meeting with the Riiaevela�prnent Agency staff on Friday, February b, 087. T. At the time of conveyance of the Good Faith Deposit you will transmit 'to the Agency In a form satisfactory to the Agency's Exe;ptive Director documentation of flw!anclal guarantee(s) to camp:ete the acquisition and development of the property u, accordance with the approved site plan. I L-illeve these terms have been conveyed to ynu in your meetings with the Redevelopment Agency staff through the interview process. It is our objective to forward a copy of this letter to the Redevelopment Agency along with the recommendation for the selection of your firm. If you concur with the items above, please countersign In the space provided below and return the original to this office by noon on Friday, February 13, 1987. 1 appreciate your cooperation and assistance through the selection process, and 1 look forward to working; with you and your firm on the disposition of this property. Very C1, rt•ii°"�y _..r- CiT.y 'Tod'iu : , S•�`Ill f +4 rJ �Fr t .:r�tr '7 ,j7f^. ,r• f f+ t,r . ' f .+ .•,r .. (7� (F}l��u{+,+,a. +'�. j �_r� r+ + - + ,;tr j• +• .� , 1! ' 4 r4. F It Y+r !i .+ #; rt, + 7+• t. j ,7. it �L ` }; .(. ! T +7r Yid '/(t 7 �l I�••' .Y i ,�' t +"• +. ' f'.)'+, t'•+ rT. I If r+� yxfS! +•�+ ' i ij!♦. +�„r 1).if } +j 'JrT r r .i f✓��+•ll...r .r �rl. _ r ..i, 4 � �f .t: ��}.,'r i!.y; r + � 3. +: ftt r. �1 f.,,s , f '• r' ., y� •+ 4.r , j4• t if r +f l_ ! + y ",w •t,S + _�+ y 7 � � r+�tv .ir� 7,.t r .t, i f i f 1+ t , . _ � '•V f ,er t .•7 (. 1 l` ' (,• t k =� N i I L ,1�-.f4 '_'y� .k,� i + •/_.i 1 if. i '7-' + ,., .. , . +waiwi�lYp�w"+l r4�.. �+ ",�1S^�+1"F' f'1A'.' •� rj"r •••• +.! � ,' f' '. ,�T r ,' .r.w.�w..•...,..iwr,w+wr.IrMw } .1 •1' • ` f•ri � r rT r d;"+�"+r ( .•Y++'.i l..Lw..:.:2•.e Y..+1..-.r. ;tw...••• r� i) .T, .,+�i.,+1M,r. r ,t .,r+ri'�r, t + +(' ./� . e i! .,� = t .r4 a.. �`''�y_'rr4;,i�,w.ry. i! :.yw•t• ZC! - r t .!r +.i;' 7 •'r( j1 t ,! �It•y„ad✓,.:���1 ,%Atir�(d�.lyl �l�, 1 "LJ�(� t,1 r R +{ ! .. +' � '�E7• •� 7 �i ` .5�.`,+ r r •r'r j f wS�t' �: -7 ', ,' .� .r, .t, p��'�rpy5''Y�T�� i Ir 'r �1 ::.y , L.• 7 ,."•!,�� :f'+i S r', {•'!. �7C(r 2 .r y ++ ,�i! f + 1 7 `'• .! r ! .�•• ,S'+': tr `Yk r, ' J+ �' t�� (jA t.i'..r•.. :;s. , £ ..rl. , ' ''` J,• j+. ,/)rr,i:r.•.�4. �I 11 ;r, + ) .r Tt 7, r �� 't t �•• ` i • r03 3L TTA RCHIMME OF rMFORK ANCR DISPOSITION AND DEJYE PHI �.GREEt�EINT THE. REDEVEI+CIP"UT A41my AND err;. TALRERT-REACH PARTNERS LTD. 1�EERl�ARY 1T, 1967 . !�Bl,lCT`ION OF IDBV�!�.OPEI� RY RI*DIEVBL.CPMEMT AGENCY FEBRUARY 181 1907 PLANNING STAFF COMMENCES PROCESSIMG OF NEW PRIBC 1 SE PLAN OF STREETSNEW CUL—DE—SACS y DEVELOPER FILES FOR ADMINISTRATIVE REVIEW AND NEGATIVE DECLARATION WITH BOARD OF ZONING ADJUSTMENT t $i l5 EACH APPLICATION) IF VAR I k+NCE RSQU I RED, DEVELOPER ALSO SUBMITS MAILING LAOL;L;S FOR ADJACENT PROPERTIES AGENCY E,XEcu*r t VE D I RECTOP. FILES LETTER OF AUTjgOR 1'rY FOR DEVELOPER TO AI'F L.Y FOR ::PJT I TLI"M"-?1TS DEVELOPER I'PGV 1 DgE, r,5C, 000 GOOD FAITH LE; TESTS S OF i i TC' P.r:ti:,'�' 1 '•li IJi;Ca..l;Ftl7"� l E�ll + } -'= c, cl.'.i"':):�i' `_�'f'ltt':' �'sC.tl�'r•)+!r 1 ��:.::a �' I i'.:�'�' i,l.�'i' I G�: Ui.: 4 r " (:r: ..._:s:E.'.�:+i J'fi;f.:i . i '1' s GOti1'(; 1 ,, tail + �•r• ii+l:lr! � C t.: l 1. ,;t.a't' i 9..+ �i lr i i l li ,;= .; V'$O1J'P O .. ., .i, _ ,... _• l � ,r• Z"!r;t l i ►`•is r_•t! ° �. t '' ( � i ..r�.. .5.,+ .. t I �.��i:q.)1� ,.. •) l`{fi � t i , f 1i � #,�•,'y �Y�: fi• ,+:...+.. X ...... } !'�r.., ��; lrr•,i:Rt.^ sad^r• ljsr t ;1.t. •}I .r{l: '•tl 1. ., . '� �� t.r (! c •i ,i k' l4:w •�l t� �tFY 4 r ! � r7• tf..k. ,t � ' •S'r 'rr 7 � :J r - ; f t +�'� t •�`. e`•r j r.' r�r�,���VFAIM4 T 4 1 {1S' t .St1 , i, t t i .,t- .tl++i '�" lr- - ,�S t s •J+. t�.prl r�", rr t t�• s '1 r , :4y% re , t •� ri+R'�t,�'i�ih,' a;rj 1 t '1" ��•� i y�l c;•;�' ..}� t" !!tL { �`. � � :n ,� � r .3. "'1 t/lrt t _ •� + �. ; �•�• t- 5 tt Y•..t' ` s it t { t t- ,1 .r�•'r { }d'�IM'r,. t i '- ; �• I 4 + t 5 ' '• t .'�jr7 1. i �„ � • 4.r fArt4� �i r r` � U; .� 2 r r 'S ilk !. rt,? ! .1 s -'11 f■@ '' �t '+ � +; iWj �;tilvrl�� �t5 ti.5 jai t!• �r i �r r i. ,�„ r { 1 r1 y 1r'.1•{�• l� �1 fr �5 ,. �. ii•S. 7, t / ,''S 't i �. ' 1 r r: � r?r �� � .I.�s+MM Y r �' .•r .�,t 'ddt ..r r .,,f) 1 r '. 15 fI.S. �j ,f r �!�`ri`7�''*� �i J1��'�rr�`�i`s jYyrnr•, rjF.4� r•j I r r,` 1 .' .,. ... rar•��� t'• r, . . .. ,tt• .,�rr'"1 . 'r.•" r ,+t +�,Ir Astir {, - .. .r�.i '�. �•� f. 1 , r + IIrk t���. i1J t r t_ rt. .SS.rt J t .. r !•il Ara r t , �,���y1..�1 } •"�, ,��'A�.b) �s� / s 7 •, I. + _ r .. tr ``rr f r r !' r� .t efa '}i}. iq rlY'{,+,k �'>K' i�.r .l r�,.5' ( '} ,. - - s �,�� r.r�_ '.1' r rl r• 1' •pARD, .D� `$ON I wfi ADJ USTNW COMM t ' HEARING 0KADMINIMMV1 1 NWAT,IYM iNCLAINATION CX"TI".RI'tWS i•` �;�w�y11�t r�. . •tyr' :t � t t,r•! 4• • ".t`. '.I' � b• ...a .tt t I ;.h r!p'•''•f i'j�l •4.Orf)r�,�.�i';..J, .p R Y}� �I r 1 ~r t�� rY •r�'y� '.r y �,) " • _ .. 'f; `�WXR i +he 614Y 1 MotS r�f��J�'2 r i r t -l rr'i .r.i+ 4'. _ I,• t .. � ,n• ., �Ii _ 1+`% AGOCY OF OUTCOME OF BOILS 1120s; is 1 7.1 AGENCY AND• CITY, COUK I L CGNW T J Q I HT . PUNL 1 C NZAI1110 ON ODA (DDA' APPROVD) ,v 4 !'THIN- ,17 t 1967. PLANN i N*13 COHN 158 1 ON. CONDUCTS PUNL I C HILAX I"G DN THE NEV PREC RR PLAN DP STREETS ` HARCH ASt 1967 ROUGH GRADING PERM3T ISSUED BY CITY TO DEVELOPER (SUBJECT TO DiVELOPER SUBMITTAL OF PLAN BY MARCH Ile 1987 MARCK 81 , 1987 DEVELOPER PROVIDES AGENCY EVIDENCE OF LUAK COMM I TTMENT APR I L .3, 1981' ESCROW CLUSES 4 r� r"� 1 A.,Tr_ f ,� ir' -' ; .1' °- �' sr i '•t• tj `t tr - • jl - "^;r'• 4•, t, it ,, ! + `.r IL , rf 1. .1 r /Sir �' •, ' � r CA 97'23 A•p;{ ILJI t 1� ,. t'. � r, ,t r " . ' 'iV�.t 'r`M''('t .NN/4' ,� �r ...�} s t .11 ,rt 'r 1 .l r.''� l 1 '•t` ,,. �^}�1��,�Et Ir < ' 1 L tI� :( , ,t. t.l r�•r. ''t y, s 1' 'l ,1 .t 1 t . 4 -t4 r ', { `� r' l: '� '"ray .rli,a i• ' '�- •1 f . • ,y 1"'.3ws;�.ta..i.r t .. :Zti�. .'1+'. .i. 1,. •r' ,i• •• .. 1, .. . . ,,, r, „ . tai..:'. Sry'1 Ill• as.,'`� ilt ';; t., t ./ :� i . '. . � "S� '� Iv" 't MWIL ADMINISTRATOR COMMUNICATION; it ��rl�frtl �!' ti trl •: i. is t v 1 ° ' t`' lrot+i `Ilny rnd r; from , Charles .W. Thompson' i t. City CcKind Mmbors Cite► Administrator 1 � ap'Toukl4wl'1`TAL t ,'ADDITIONAL Date F+.bruary,269 19871 .' SAWN �► Ty�A/L�B�Ex '-e ACH g' Attvahed please find a copy of thr Council-Administrator communication of Febl'aty A 1987 (CA 81-23) regardIpg the disposition of the industrial property In the Talbert-1 ch Redevelopment Project Area. This Item will be the topic of a Study Session of the Redevelopment Agency commencing at 3:30 p.m. on [Monday, March 2, 1987. This packet contai.rts the o-Iginal Request for Redevelopment Agency Action forwarded to the Agens-y for itL consideration at the February 17, 1997 meeting, excerpts from both the Bourestor;'t nd Rhoades-Ewing proposals, the proposed Schedule of Performance, the Request for RAevc;ailment Agency Action approved by the Agency � in December, 19$5 authorizing, distribution of an RFP, a copy of the original RFPf internal correspondence relating to the review of proposals and the extension of the: deadline for re:celpt of proposal:;, correspondence relating to the briefing scsJlon conducted for interested developers, 4 schedule for the disposition of property, questions asked of developers in the intervicws conducted by the management team, and scrlcrlule of interviews with d-_,ve:lopers. 1?epre!ir;ntative— of bath I'�oureston Dt:velopment, Inc. and Rhoades-irwing f.7r�vcloprncnt will br prc5:,nt Fit the: Agency Study Sfr-;,ion on March 2, 1987 to male a In Ow tncuatitr►c, is you should have Amy questions, we will l)c- happy to re:spond. CIVII r i 0, l, --I j �� ... ,'. ,. ;t a .. t' . ( I• . tY,t r r 1} ' .t rr , `' .. i t t ,t ..•y.1. :� $' +,� oN,� ,iY , t / 4 r r( , - '• rye/..{' •i Oak 't JJ 1,�'�(� .t 't � is i�'. ' •CI , .. i CA 17w23 ; COUNCIL !'ADWINISTRATOR COMMUNICATION From Charles We fihticnpscrri z, , �• C"fty.t ll m rs City Administratbr i, MAC. 04FORMATION Q�t February 20, 1937 ST ACH'FROPERTY Pursuant to a request by the City Council/Rede•�elopment Agency Members at the* R. Ww Adjourned Meeting of "Tuesday, February 17, 1987 attached clease find a floral Information an the subject matter. Sp,-cifitally, attached are Internal owreVor0ence and other documents which outline the, steps taken In the review process l mWft to the recommendation presented to the Agency on February 17. In addition, also attached are cople,t of the Proposals received from the two.fisms to be Interviewed at the Agency Study Sesslor of Monday, March 2. 1987. Lastly, also Included is a. :e+fised matrix compating the tight (8) Proposals received. I hop' thls Information w:11 be of assistance to the Agency Members in preparing for the { Study Session on the subject mattes to 1n- conducted on March c, 1987. 01 cour,'e, If you should have any additioi%al questluns, we w!11 be happy to respand. t 1 b itttci, Charles I" •Thornp.-i-in City Ad lrfl,�treitur J t:c: 1.)L)V,�JX1 i4- I_ L � r lIJ;°, D:,puty City !icl;;ilr�i tl`,:tc�r�1?E:tls Yr lr�r�t ty I f,{1T;*", f'l'.� ;{?!°i, 1'Cllti:l11i11 !�.4"i•.' e'f,`.�f,)�)!t1':'�lf �'!';ili1.:1" S V. l.l..(�lc i r VJ;-';Jr A ' A 0"i'r V 1 { e r '•'r:S?. ',t. J +•'l,t,: 't y - ,• t !1 t t r• .r r ... „ .IC .. i' S ••t rl ,', `�:ii•�.{ •r:tic, ,-r it ' .1 ... 1` ` + r. -, '). CI ♦ aY �rlyi ft ti •+[•, t� Sir' .i t' '. •� tirl•• ,�:. :�:,.,;ry ;d f C .(I I A1r 1Z f+ t ` rrr•�• ,. .�•�,1'( i Ilk REQUE- -, FOR- CITY,, C 3Uhl tit A TION RK 87-06 ".;t, � February 5; 1987 ,•fig+ _. .. ' .YirWlrWif.l�wi�ww�eY �.rirYY�riYMS NIM��IrMrYt�rt•,t tot Honora.bie Chairman and Redeveloprranf Agency Mjpber3 Charles W. Tltl6mpson4 Chief LKecutivte'C�ific r Douglas N. LaBelle, Deputy City Administrator/Redevelopmen tr:.r. • SELECTION OF DEVELOPER - T'ALBERT•-BEACH INDUSTRIAL PARCEL 1 Ca�Mtesrrt with Co ntidl Policy? �Q "� [ 1 Now Policy o; Exoaption II� rrr— V/WWW Start #n>snt of 1WW, RliaolMMMdntion, Analysis, Funding Source, Altt�rnative Actions, Attsohn nts: .� � STATEMENT OF Ts�uE• Eight (8) proposals were received for the disposition of the Agency-owned five-acre industrial parcel in the Talbert-Beach Redevelopment Project Area by the deadline of January 2:, 1°87. Staff has reviewed these proposals and interviewed selected develop!rs and forwards the following recommendation for the Agency's consideration. RcC�al4 MENDATIQN: Approve the selection of 13oureston Development, Inc. development firm to purchzse the five`-acre! industrial parcel in the 'Talbert-Beach Redevelopment Project Area, authc, iz7e this firm to file entitlements to use on t1w- site, and authorize stuff to rttf,r,tiatc. a C)ivpu ,itic�n and 1:),.vcie�pme:nt Al,rc�crnent i�rt.�(.cn the. �'+t,r:nc, �.nel this firm ( an"I t-(wWrn it to t.lr� it�:clt:=:c�loprnt�r/t AE;( i.cv, and rcc give th(_ y50,000 Oel.�v it iron (k-%,('1Ojwr which -,l i!1 he rfr�n-r;ft1n 1,!t�l�! u.11t .; 01�' hE'.c Tic. , k !!n%thk,- to pu;•f(}rn:. A F.1 "i 1. 1"A",: 1h 4 ,( t!1 vr. lc l�trlc'l1t �(;t r1t y ittlthc}ri�'.tti -.ml!(.:i,tltinll of llrulxl�,;:l�, fol t'u. (1i''l1cl;.itir�tl (A tit'.• x� ,:c-t..: •!°,;.11x�ri- !'It••1t�lt it1(l1t;•t�i•;tf l,t�l(•(�l it1 t1tc� "!'.t!l,t.•; i•-41(�,tr�!# i2(•c�';vi�!(,t1tn?`ttt I !'rf.•I`.ia. t11!'ic dirt l.�c`('.t.'1r11'..,# 11 ! !}„{i. lilt.: mil"twil lcic'i#tili1w for ':'.!1)flll:,';ir.!#I (11 il1(TOU'iit!'t ',"J., 1%+'_. _'t111�':r• � lsf�;�r, 1#". C:'f'-'•'rl ,'ii . ('..tr.•t!(�t.'r1 }`I '.lull �.!tt' !rl 1"��.t'II#1�''r, l �1`,i`:� ,C} -.lt'Iti;1Xt ,l,j, ! .i :/. „', :t t{';•(!1t (11 ti1!##!t fri)111 �'(!liti!!', t(t'1'f !1+!}r t '. l!L#t ti#" tttilc-•!(i;l1w ftit . i#l:it!}tt:�lrt �1,%I�t .`. lt:ll•r. { !ti rl11`• tf:Ett: ti !it �f ltl !il`. -.ittfitiltt! r! lrrt7�' ., !t', (;i !: 'li'll 1',f' th!', pill j:- /R\ }f11Ult!'til'.+ ttt1111 .. �' it ,:111 !t� 11l, C.tll�'t;. lil..`tl•.i) r'#I{I"'ill t•.l t i !. i, i tii.° !)t rr•, 1 „.0 ##i� ( t'I r-, •e..# till t}r;i�F• .. -.�'. °1•#;Y'. s'1 I, ',1.,1 t 1! #•� I1I.:t' (: t1 �S! T�t•(i�, . l+,�.;7±-'ili TF\i '!I, `it j,t.tjt' .tt`'�•�, !t;t ,t{'' !1.!',111 of lki �'•'t!'("'.�lr ,l �i:. t olr. li.1; 6111 Of tti: , 1I1:!'t��rt'. �r th'.' tt#r'!1� itlt-'l1I i rl, t slcl 1:t l tt{l;+t,:l ' t�1 ' t II!!'ltt: f rrtCt :ii, . {I'. 1' 4i h I'rcii?•• ` I l Atr . ,... ',`.>C'. '1�. ;.�. tl.., C (� E;i!•. fii ,t! ';l: t.#il •.It"�I ,�:. lt.l+•! :1t.' .. t+; -. ,. . ( l+... � .....w.,..rare..+.tee..._,......,.. 7 4 1 ; .• ', � Y1�• t .t .rf .� � �� i � 'r''"' 'r � • � ��� :i^jQT• rltr+'�rl,�``tr t� 1 �fZr , y ' r I '• I } r i,Y t t � .., �'t�,,.}t; (r, ,` J r r,' � `- r �Y:1 � 1, Y•• Y ., •' r �!' rt l. f..41'; '±yY;,. SJ1i' S• � t .r t o r• -7 Yrr I + i .r. f- � S. y. do Y'�,�•15i f7(t• y' 91. � )i. '- I r {; ram.'. 1� �i`(+.Yfd c f �V fit,S',��' � r� � t• ! rf ,t r Y , .fl � F/1 � t" �.,r.d r {:� Yi �y� .ir+ ,� '(. , � �VJ�Jt�1 'Y+� "1' Y4 ^.:yl �*�t • ��y.� 'r'i r r 'L 'it t i. ' ,i' .. ,.tr �'S ..�r" . �•l�1 ?tr f.: J. 1�. ,y ���,�! J;. r.r r. r, r•{,' Yr. f ( - tlf T .r { j .» , i '..,.,_ - tt'• •;:+ 'i✓yw'.�.M�> rj t ;� Ir - ?3�� f. Y,� .ti,l ,`� �r "'. it S• [{f4y'' }� .\ ti� yt• I � r Y S NJ� a ,t � ` rr� . it if ,y�, -t t •i malt•.S(�,,`•r�.� Y t, r' jl., r; 1 .(l l „• `'a rr• ' _•'t•;i/�aq S�+,r ,r. •" 1}� 1r + Ci • t �+ � rr,t•�t f � � � - �T yr 1 •' ! i .'t� 1 +{y' Y r. •'' :•r; .r + i i 1 �A'+ II Yr�'' ,'4�r h•yt f s C t��r- a r �f 11,+ at'�'YPi��rT.��A'�it+�l'.��� t I �t a`/� /4 f I f+ � � f t r "f j ,1 T t Y ,�• t '.:7 .. fit ! .f ,. r f 1•Y !� r , r �y� r.. � �S + ` t fit`•, •, '`' t. ., - '� t ,. 'T"t prtctrapri crlterir .for #tom revltw of prapoMis were Irocluckd In the orlglrt�l ��tegiuulrst . llisl wfM+Cn It was distributed to developers (sew.Selection Criteria attached). In j #d#t#+air,- A6 asiurt` that. there , not be misunderstanding$ regarding the Agency's ' 04616 #was -In .the disposition 'of this site, staff held a briefing session for Interested • .t k' rs tin' Vednesday, January 70 1987, which was attended by approximately ig t en (1G��irdividuals. r� ALURN ' 1. Select an alternate developer. This will delay the disposition of this parcel. 2. Reject all proposals and postpone the disposition of the site to a later time. This will impair the Redevelopment Agency's ability to repay outstanding loans to the City predicated upon the revenue to be generated by the suie of this property. FUNDING SOURCE: Sate procet-ds will be Redevelopment Agency revenue. ATTACHI'dr-.N T S: I. Selection Criteria.. 2. Summary of. F;oposals. 3. Boureston Development, Inc. let ter of Underst:inding. 4. Schedule of Performance. 5. C;:cerht., IYoureston I:)T_rMoprnent Proposal. (i95 r i i I 6 �.._. ._._._. ___ ._J—_ -_....�.... ....... ..... _........ ... _.. __.. .... .. _. _.... _ _..... ........._.e. .+.,••...... ,.,,.�.auae.�......veN 6lMV.0 m.J...�tF _ rry i / t t, ' '`Yr�'y i. kl,t 1lr..1 r4� art ,r .�11 - i ! ;� r' ;� tl .l•, t �r t'r rl t J'r 1, � t r• r! �}. '' t � ,� '' � , 1 �rry'",e 1`,r+yf r .:lr c ` �l{1 r r' 'j\{{ !• f rf` ( Y: '. �` ,,Fp9AJ�R�Ftyst r+`! ��� r S3 Ft t. +, .�y.' ., .. , . ! t. r . ` J l .' t•: j���'J;{,f✓r IYr'.'!! Ar�j i, t' t � '�� !' Y _ •!� ,l rit Fyn j! ( J !r "U"t ,ri•] SZACM RI+'E 1 rrwLOPMEN a GINCi i.. CH t!�[[��ri�#i1MIA�.-PARCEL t 1 +rr )y,Frt.� �*r h, 1e,•1{. � { .� r. -. - _. � •'!r t �� .f1 weft '���, }�{�,�.r�.Tr�IJ /r�l.��,�'•, r ; .l �+. ! r. rr} �9 :,;J,�;:• ;; , A r 'Aiff *01 use the toilowi":critiriis to selee.;t ra recorntt Weed• r' A) act* T41beriv wrch,lr wArtal Site. ••�,;;q K�,.'r•'}r'`rri,`• •11 Try r'��'ry .r{Vi '(1• t•. • -r} �'� • , , 7lh S AA dl.F •~. •. r. /dA • r t•{ +i � rmr t i� tiimz of the #!wmdrepr . 4 i a# the p twriaiis expeerl. rece of the i3cvelop .r !n slmliar projects as " Si* 7,6 an''anc:iol capacity of the. [ie'veloperr to purchase th'A site on of before the last day to e(o!se eschew (with or without entitlement approvals). 4. The Investment per squarer foot In Improvements planned by the Developer for ,` 'Y -• Ods liter ' 't. 'The approximate number of square feet of =mprowtrnents intended by li— ,,. % Developer for this site. 1 G. The total vakw of the completed project (as estirm-stz:d ljy the Developer for this 1 Sit0. 7. The ptjrc•hayfi, price offered by the Devvloper for this sft �,. 37r f ' ra. .. - - - .._i� - ice" - - - ti s` c :+ - •" •4 SUAMO&Y UiVIVAX * .: TAI DIAT•MACH WDUS DIAL TRO(MUS c - S•Qo".P- DOLLARS Mit = L.' 3w�C0 SL`!lst.t:. Si1a'SO Q3 ApR`}7. - - �' F^.ai!Cs4GTt tal•L E6.23/ Wit- Tikti 3�UW. . '.r_F o-e lived smuk0imm ft cko%ba 73,QCL:•-100,000 3ILW SAS-an CiOW APY 7 7 i00'm s4!L >i %n:iticl2 Grin '3,CCt'-4.,Ct 0 33.s:-YL�3 3 ..1 twith"t Vast riwlfd Palm isnd) + Suba4dun aw-,prsar tc CDC W total}' Is'!" 76,OCJ 6&42 G.L32 �3r:3i.90a l�.�eeC�to pnNW'VtBky bcW imr _ Into.i"AQ sails Tatar.ALT/L • a-,,Wir2e�a :f,170 63.6� SS �r_'rrtttLrrrr'rfts: - - 3t1tit-- April 3 3:�,CCO 711.53 (withmi knprwm VA"a o-it fta=Y- _ t. F: P:�s^n'• j+.r p'"kL-s i.;tt,ts3atallP6 iffarK M642,2W total) EmekJa wems pint is CONS fit' f,r.._ ;l+r L' ,Y�. r .)1 *' - , - r ,f .. , y ! t L" , ti . • r ,r— M rK_' ':�f t r !• .i 7 tff ' f•. r ,)+ t - ,`•r %': .:,.t.,+(.�7 ,f• �.rl '1A 1``. of f���.,•rr) 1{ •L 1 yw rfrtjl ! t, ` j T� 7 r r , �+' ?•S;r �''� f' HuntiPgdto.n ' ,Be'.1 "ch . l6A+�l14 STREET �7. �1 CALIFORNIA O 0FPIC OF 1i NE C:o'i'Y ADh'lR�i[5�'R -.�r�jR February 129 -1997 "Michael D. 'Todd Bakrrrestan'.Developnteht, Inc. 33g5 Via Lido, Suite 205 Newport Beach, California 926co!3 ; SUBJECT: LETTER OF UNDERSTANDING TALBERT-BEACH ;NDUSTRIAL'PARCEL Dear '41r. Todd: � The Redevelopment Agency .staff- will be rect,-rrimending ;the selection' of your"firm for i a u..'dispasition of the five,N acre indlbstrral parcel owned by the Redevelopment Agency in the "Caibert-Bf. "ach Redevelopmerit Project Area to the Agency at its Regulrar :adjourned, lWrcting of Tuesday, February 17, 1987. -Prior, to forwarding this recommendation to the agency, hawever, it would be to oar mutual benefit to make the , following points clear: _ 1. The'.,Cool Faith Deposit of Fifty Thousand Dollars'(SS0,000) will be due and Payable in cash or-cashiers check to the Redevelopment Agency on February l 8, 1987. nim Deposit is refu»dable' only if the City/Redevelopment Agency is uha! le to perform under the attached Schcdule of Performance. Boureston Development, Inc. agre7�s to expend its tx-st efforts to close by April 3, 1987 and to fully cooperate with the City/Age;ncy= in performing all acts required to comply with the Schedule of Performance an'J to close by r.o later. than April 3. 4• The diming of all actions of your firm and the City/Redevelopment Agency will be governed by the Schedule of Performance attached hereto., 1 Boureston Development ifill provide the City/Agency with a site plan and related infsarrnaxian in Ft .detail to enable a determination by the City tiiat 'thc development rnce,�s all t.:ity 2z ning and other development requirements by February 18, 19,87. ,f #. At will be tt'i'e responsibility of your `irrn, to apply for at; the necessary entitlements-tia-•use required for the approval of the project you wish to construct on the site In =Lccerdance with the attached Schedule of Perfer;riance. t Sr Bused upon tite above con, mitments the 02y/Agency will process your application and recommend entitlements in accordance with the avached Schedule of Performance.: Teleplarne (714) 53&5 d;L, :h L• �.'•^:,r� `.4 ,(. 4 �. Xrrt� ,},, :.l x.r,., + 1Jti•.IiL 'w'1! �, ,M1... � it �' 'f!. ' 'YI "a r!/^•1' ' �� +Jr ,'1 1 A a Y,1 L f. 1 ,R �. �; .��' ✓<). - „�' i; •r ,1',, �• .. ,�.,. J! T; +.' 'F 7:,.;dF. J�1 w,.�" xi��"f+.7.,, ",( v Y' i�tvtty.�I,'iL`•�• :...�`,' 1 r 1, ;:a��,,ll`.i ,",`):�'ry �!!n �',�a:,� .i!, , rr .. ,";,1.{{ Y ri':', lti 'S yy, +� ,. •rr up. �.' .Y:'il,.� I•. +..� ;L :•r• i 4.5'f.^r.•. ..,t:• '.w .,.f.r. fi��+•�r.0 .r tt,'1 . `l..,f.,'• r r1r1 t, l ✓ ` r' � 2 'fit',*• II , - ,. 'J,• '' �` :i t t.:i. a t ' 1 ', ,. , ` .. rr .. {` t. .r- ,. •5 .r ``� t ' 't• 1._4�'�,Vj r >t Wchael:Todd... fi; try.-. ./:;,', .! ,+, ".' �. • . .•.1. , ' 'February 12. 1597 ; =w Page W a c a •} r ills TM. Rede we;lopment Agency will require a Disposition and Cevelopment Agre mpnt E wlth 'yr...;ar firm prior to the close. of escrow for the property. This Agreement will in 'substantially the, same form as presented to you In your meeting with the Redevelopment Agency staff o7 Friday, February 6, 1987. �:r, ,...• 'r 7. At tht. iIrrae of conveyanzr of the Good Faits , Deposit you will transmit to the Agency' ln;.j, .form 'tat i.sfaclory-'to the AS'cncy's ExecutiveMirec:tor documerja.ign of financial guarantee(s) to:.complete the acquisition 'and development of tt;erproperty .. • ', r .. .' .'. it " �n sccoroance with the.approved Mte`plan. 1..:believe : these terms :have 'been.. conveyed to you in your meetings. the { Redevelopment ' Agency. staff thro►�gh the interview ,process. it is our.: ob'ective to facwar'd ' copy of = this letter to the Redevel�p:-nen,- . Agency along with the -recommendation for the selection of your firm. if you concur with the items above, please counsecsiarl in the spaoe provided below and return. the origir:al to this office 1"y G' noon on'Friday, February 13, 1987. 1 appreciate your c000erL,ti���. grid assistance through' the selection proses, and l look forward to working with', you and, your firm on try; , disposition of -thi: property. I k VL" Y' tr rss �ha ►c rompsorn ti _......r., ._.._.....�.,.,1 City Administrator Michael Todd C.WT/SYK-sar ' M t v . ��� l::t• J r r. '. : "'. ;I' , . }' ``r t, t 1 { '� 't. t•I wl,.i •: "'`*rT t �� 1/ .. r,''' 't !' . 4• it ., . . '; r t,: owft ICATION IIIL...' )i• s r ��•.J Ta orrolre:Mayor and (,ArOnr Clr�►r�e rN►� Thore�inson Cdt i 111 n 11 M mlwrl' City lAldrtilnl tcatix " SubJ4 + IN 1 YMY►S OF TALiZRI., t ' Ferbova .2 l 937► , t+ `} o ter' eodiine1""'a S" '1 , ;ariiis' fcw "the'di siti• .bi'the jiye "you' knave," t ii ar'�ubirt s .o�3-0. �. . acre Talb t-eiicK trim!svkt,Parca;wti Fri��a�j; 9iiir�ui� `'2N-: 1987, The stag rev1d* team'"iris ,eon<iuete d itz'..lust, . etin 'on`]a'iti,atry; ��, `1987 ind !hits dete:rrnined:tlti�►t incerr�i r'i�s� t '.the: torte (3) ,tom raitkitt3 firms wili t nece:saar�i� 'Th an inter-iieara hav' 'sCti*"edY 4-1bilodvs: r •.�. ' ' �ioi'ida�►,�E�tbruerry'�..,1'38� - 3iGd p.Me I t, F` :.. + � .�►tt�`1=1 � C .cd velapmene` Contir"ence Room ! Tut*'y� i�ebr�iiary 3, 1987"W`1'1 p m. 40 Floor:cte hie:r, Cop, rertt+ct+ t c�e►m v.� Tuesday, February 3; 19i 3i00p.m. 4th'Floor' Center C ni.rentce ROOM l liape ibis infot.mation will assist 'ln' keepi'rig he. City Co6ncll/,agency Nembers u,'. !► informed of tt 'pragresa of Ills property'dispoiit€on, '.Of coursz,'I you should have a'ny questlQh3, aMe" wall b'e: happy'to respo�id.' Res�e:C ,i } "•sub�itt• R + , `' •(� . , 1, I Charles'W. Tho'mpstin. '"'� city •Aft' inistcator `. ` CiWT/SVK=ar f' xcs 0' 1" �N. ha Belle* ,"Deputy. Cit}r'Administrator/Ft'edevelopment 5iephen V. t'C6hlar, Orlikloal Oidevelopmeril; trlalist `. Jam,*t; W. P41HIN- kector dt Cje:vvi lop"me:nt Services lean Brennan', R W*Property -Manager cou ' Bill Patapott, F'rirklpal Englnee:r t 0952r f l,77!1r f )r . � ti+ ttdr' �ti!•f.r ;.!7' � , y jt r, tS•r `{, .+ r` ,r 'tr'tlj t ' y' J ,: r "r t)r+'� 1S ' '� , p. c. •ti l ,,t'i7 f Ott t, f , ,. t ., 1' '1(' , , •, 't ,J ,., t.� � ,t S' !l i ti•�l + ., ; `•l+.r +' .1 S, r . - ' , l CI ,, r, 35} 1, .r:',' '` ' 1 FS!'o 7t. ��ri .•!'j , n �l MOM, f r +� Oa..,a.r+ r-S. t,t, •r. M j). Jt+ll '',' '.1 t i. .1.' - it , , 't.. .l w`r `.+'+ •.lf j (�j iet t•1 t',�S ' t d` � y ! r i. .r• !' r, .•+ - . r r•;' ..�,.'',• .� �y�+qJ4`I ' fj , 3 r.5.3 ,, e•t ! •.. rl , t,. ., t t, r'•,C .. ` `.+ _ . ��r I t , ,. ar{f•✓i•� �/'t 1,1. 1. f, 't - ', ,t' . , �/,r� 'ItT1Y��♦. .., 1,e yt .' 1 r+1tt r..j�,,:t, a i1,Y.,, d atslr ♦r,.0 { ..`t` .'p''c •f• . '.. ''! . . , ... .. c + St' 'r 3 (F '` t ;r`,•.. i�w pr '''t } ♦ i '''S( lt, r• �3. S'r •, r `;'.'-`I, , A.`i h1v � '� No r,t Y f r + f rr r t + SCHRI iLB. OF' PERl�aRMANCE, i!,' Yi ,,. ! tl l DISPOSITION AND DEVIL PHENT AGREEMEN? ,�. ., : '8ETWERN • ( j' • 'PHIS REDEVELOPMENTAGENCv ` kTALSENT=BEACH P'ARTNERV LTD. r ' FEBRUARY 17j 198,7, 511LECT4 ON OF.,DRVELOPER,• EY REDEVELOPMf`NT,. AGENCY. ,+ 'P'E8RU/1RY +l8�• ; INdT PLANNING STAF.;,COMMENCEr+ PROCESS ING ;OR- ,,' „�. •}.`rre Y.+' ' =e (�wEw PRECISE .PIr,d1N OF,:'STIt�LQTS SHOW IN�3: VIEW t f 'tip ` ` i `tr •' ) ji' 9 r., CUL-M-SACS _ + t� } ,' r ,• t . 3, ,fr'1• + �� r 'DEVELOPER 1"LLES' FOR AD t M I STRATI VE REV I EW AND NGAT I Y<» DECLARATION W I TH �. 9O'ARD•: 0F, ZONING ADJUSTMENT;,4$i'15.t EACH APPL'I CAT I ON) 1 F, VAR I ANCE,,.REGU I RED,' DEVELOPER 'ALSO SEISM!I Ts ; MA I to NG "LASELS ' F l►DJ AGEAlT FlidlsEAT I ES ; ~f' AGENCY : EXECUT I VS: 01 RECTOR. ;F I LES' .L-ETTER. AIJrNOR I T'i r0R 4EVELaPEIt TD . APPLY FOR ENTITLEMENTS. • , F`r .. -' tiDE1IELOPER.,'PROV'I AEt3" 6'509 000 GOOD FA 1-THtj� DEPOSIT TO AGENCY: 'DEVELOPER • ORDERS SOILS':,TESTS 'OF SITE `�FEBRUARY 27-,,1;9$7:.r r PLANKING STAFF. ADVERTISES NOT I OF X NEGATIVE 'DECLARAT I ON .: MA Cif 2' 1887 ' At�6 6. STAFF ADVERTISES F I F.ST :NOTICE OF • ' ' .� JOINT ,PUBLIC HEARfNC OF AGENCY' AND .CITY COUNCIL ON DDA FOR MARK 18; 1907 ` MARCH' 3 119a'T PLANN I NG:' STAFF NOTICES BOARD OF iON I•NC ADJUSTMENT HEARING FOR' MARCH'. 11 , 19a7 ' MARCH 4, `x9d7 PLANNIN0 , STAFF; ADV�R�'IS PLANNING - MARCH x f COMMISSION HEA I NG 0N* ?REC I SE', PLAN OF i STREETS FOR MARCH 17, 1957 ` .11A1 ,CH Be 1987 DEVELOPER SU3M I TS SIGNED ODA 'r MARCH !9, 15�87 AGENCY STAFF ADVERTISES SECOND NOTICE OF JOINT PU#L I C HEARING OF . AGENCY AND -CITY" .COUNC I I. ON .'DDA t. t lit) tnf r�• •xr tSi. •1 •Qi .•r �� ,. � t�t,,�.�r J.i �1 .'1tr.� r.`r`` , t r •F`�r1, ? ( !i t f i ' I pI ` t r,y, r'. �,� ,, •�. I ., djtic , t r• � � '' St rl •mil. ` , +� \:� ,. t ( �>,' p r' ..� ' ',r 'r fir, �J� i - :i11 ! rl .' i/ •ir war r ,t y 7 � %, ,•' it ,I �I' .rJ !r .1 , ± 7 .tr J ! F - 'it ,l , •, '�` t .F• !r.,r r.y,» d',F�:� r( t f�•t.t. � ' j .t, 't '.� f. ,tl r .. � ��1• t. 4, , „ f� r �.�lw 'S,•;� 'r 't' ���p tr, .�( S r('; •+:,rt y - , .. r• • r ('' (1 `y' ,•�'>f r"�p"r �e'j. 11�..`L,ff A , ! t• 1F rF r t; r :, F_ .r, ' .J t, .r - , ., >}(�^.I_ r".'�! '��. .. :,... .• 7 ,.,. r•a -I.J.. ''�•1' r r. r •, .r -tp..r ,. r. / .. .,� ,i, r � �1 1 ., ��aJrw r aj I`` �y` t tr , i r r • - t � 'd ti, t r 1. 'r .' ,t �I.. t! .., � .. % , .+ -. .;(�Ir •• ', ., rr, ;,,(,.,� t ��t '�NA�C4i` S��' 1RRT ��,� ��,,RaAR9� Gf:�.SON r N�� ADJIJ�BTMRNT caMau��r3;r.'� ,', • ' HRAX I N+G', ON ADH I NI r STRAT 1 VR REV 1 RN.. -AND r: `, ;`•. ,�.`+;, MEGAT I VB DRCLARAT ION (EMT t TUNINTS. a 'ri ,7�;., r t ;• r ,,l' ,1. }•' •. � _ •Ar�r�R���D� r�l � '� t.•:` +, x ,• ' ,'' •! I=;,�r `x: ` • RCH 12 r�w� or i�R or M«c9i w ' rc1 v Aw'r s t` MAItgw IS. M7 . 1+IVELOPAR .NOT I F 1128 AGINCY _ OF OUTCOME , Of SOILS 'r"IST "'i.'•yr. ./; r. � r .. , ` MARCH A 0 j9a7 AGENCY AND ,C I T'Y I L , CONDUCT 'JOINT' I 4 r PUBL i C •' HEAR NQ, ON DDA ' ODA APPROVED {mlAfkc1i;1 7, ;1987 PLANNING, COMM I SS i ON CONDUCTS PUBLIC � r. HEARING ON THE 'NEW PREC 1'3E ',PLAN::.OF'', ` 10157 ROUGH GRAD r IdG PERM 1!'�', I SS1iEID eY CI TY TO j DEVELOPER (SUBJECT 10. .DEVELOPER SU M I'T,T'AL OF- PLA14 BY MARCH lit 1987 .`, i, . • MARCH 4 1 , :'A 987 DEVEL0P9R PROV I DES' A�GEWCY EV I DENGE OF r r1 'LOAN COMM'TTMEW ' t. APR I L, B" 19157. ESCROW :CLOSES :`lit '', +• 1 ( ,I, , t: • . ,. • r t1 J1`x�', i=1? ,i, '!„'j;f' �' ''t 1•l. rift, • ' t (•,1,}�' ;iJ/, t", 1( "Y' :y`'t(' - _ ;J• ,+ '•t ; .i, y:�, 1.— ,, ps li : �, � ',' t,,,:�r ) ..( '.r. Tt',;e• ' r1 ,1 i' , �i'• " t, 1 �, .i • err ./ -/l: iP'{Jr 7�, I ' ' „ '"'Y{ , — ', :t ,,. 't�, t', ,f• ,'i' r it . ;�1,• ',`I' :J f •!'t /'t �,.' ++ rt •. ti t { S' ' 1.. , t +�� {<t � J ,t,' ' .1 f ' •Y 1 1 :) .1: i , .1' !', .Sr ° !.. c t ��.tl jf .tf�.�r ' S f- 1 •4 .t• , _ f i t .,1, +- ( , t`.Its* G..• Y r �:` tJ�i tt f !. .•, t t� „ �4� , t t: I�fta t,l,r.r r •�l'1 f: .L,t t+, ( 1' 1 , t ' ,r , t, ti '. � . Y,`. i' i. , w r,..e i {;' j� 'r+r .G 1. •t41. t'� �l .t'i lit .f',St.:,j( y j`�i'. .ii ,'. 1' •.t t' (f .,� r :1' 1 .I;(lJ{Jtll„ ,'t' , .. .i;''+,. 7., -,.•y { .5:1' t,s^:4Yt ! .. r {, tit A` TACH"ENT/. NO. .3 " "` ; �c �- SCHEDULZ: OF PERFORMANCE r It DISP091T.a AND, D++1V#LO,.MENT AGREEMENT + ' it t•9RTV19EN a. :3 •('^ , 't.r {:. ,. `,. THE':REDEVELiDPMENT *AGENCY. ,TALbERT-BEAC!i. 'PARTNERS LTD. FE BAUARY :'17 r •.r 1987, SELECTION "OF DEVELOPER,. BY RSDEVELOP"ENT I~ERIZUP►liYr718 ; .199T . PLANNING, STAFF. 'COMMENCES PROCESSING. OF• NEW' `PREG 1 SIr' PU'AN OF 5tk ETS SHOW i KG NEW CUL-DE-SACS Jiif ( `` `y ' ' ' r., , _ ( t ..•1 ' l.J ,. ,.. •, x! .. ,..L t� E tt�• DEVEL OP99, F.IUs,'FOR ADM I N,I$TRAT I1�E 7 R I EWE' AND; ME(,'AT I ARAT I GN,,W I TH BOARD O1" -ZONING 1 NG .AUJLSTI�EI�'C } if aP 'h I'CAT I�.fN) I F /atR 1 A►NCE REQu 1 RED` t DRV"LOPER. ALSO SUBiM I TS MAILING LABELS FCJR ADJACENT PROPERTIES fir. t t:' '•• ,.. t: ... ..•. •t ' ,1+ ' c " r AGENCY,, I+XCUT I VE DIRECTOR F'I LES 'LET'TEh:..'' . t OF.'.'AUTHCIF�I T,Y ;FOR DEVELOPER �TA ' APPLY � I�OR ' J t i f 1rNT I ELEMENTS i DEVELOPER PROV I DES 65a, 000 Gi00D 'FAITH. Jr .DEPOSIT TO AGENCY t' ,-DEVELOPER 'ORDERS SOILS TESTS OF SITE `` PEBRUARY. 279 1987 'PLANNING STAFF ADVERTISES, NO'T I CE •OF t. yEGAT I VE,. DECLARATION WARCH. r2, ' 1887 AGENCY• STAFF, ADVERTISES •FIRST NOT I CE OF 'JOINT PUBLIC, HEAR I NG,, OF AGENCY .AND 'C I TY t ✓t COUNCIL ON: ODA FOR MARCH 18, 1987 �.J, ;,!ARCM :'3�.; 1987 ;; ?L,AN14 I NC • STAFF NOTICES BOARD Of ZONING { ADJUSTMENT' HEARING FOR MARCH. I; , 1987 } I '''.•t'IARCH . 4 L967' ,' . PLANN I NG STAFF ADVERTISES Pi ANN I NG .. COMM I SS I ON. HEAT I NC ON PRlwC 15I~ PLAN 'OF t S'I"RESTS FOR MARCH 9 79 1987 '::- "MARCH S, 1837 i'> I `DEVELOPER SUBMITS SIGNED DDA MARCH ,' 19137' AGENCY STAOO ADVERTISE5 SECOND NOTICE OF „ J 0 I NT POBL I C HEARING OF AGENCY AND CITY COUNCIL ON DDA' ti�``.I`��r f• i r{,r ' ii.. Y• t- 1;•: (, t , 11�. r !- •.r ri r' '1 ',:) ` Ir y „ Ir ! ,r. .4 • t ; '`YC`•.i::.•'t' y.!'t t •<� rt � 1 r ti 't. {, y �•y .; � r ! - 1 ( r`fr}�?,t� `r'f.`t;fr. .r .�;i� `, 7�f t 't. .�� .: � r r t. t•, ,i� � �1 .. Sr,r, r. - `:,'•,r y ' t r I r 1'I t t t •r t ( t •t •, = , r .1 20 e1r l.. ` ;, �`aril ...�,y tr-, '1 ',r••, ,. - 7' rt. .1, ,.... f goalw t l' ! ' �r• .a ' ! (' .!� ' ��'? ((e �• t, ' ! '4 � '•,'S , lr r t r. .� i r •Ir1 r'' -f'y""" ji ,�I}�' :r�,`,, ; t y rJ.���G , 1. (, 1 •• 1; •� , . 1 :y ., t���.1- c ► .. y•rPr ' j' ; y •. 1 - 1 r, (r � �l �: .�` rr/. y ,,jrl t � rir1 .a •}i�t..12 .�Y -�,1�,�,L i'! ,J...1,' iL t /. i�.x�' tt. �•,+j ,� ,trl :, ( r .� tT 11 tr j• _ r ( 7 t il., rl r .a. p�i/� a p �` , y1.. ( f f• - r 'y, 1'.'•� f . r l (�71 t��j..1'4, .ai.f 1 � } .I'. 4. l r+ ` t, �•1 r y ' , / ly f , ,y �!' �.,. It. !• w..tJ,. t9 l.,y C. t n ,.ii. i i"' a r: ' ,`y 4� '• {-rtt..a..( {' `��• 11 ' tt'/� ,/'`'F, `.• .� i\ 1 ,j�( ' t• 7,, `tl I'. _ .. � i , r If �! ,. !. �1 ... �y'[{' jt/ ;i t�q L•r jf 4}4' ;•, Sf�'h',�rt- t1. ,'. I ,j ."'+h. f; ( , rt 1, ""MUCH ;t'i'; .'108? ' BaA�cA tlF. ZOw`iwG Ati�tUS�'MEN�' GQNDUC'Ta HNAlt I NO O.N .•ADMINISTRATIVE REVIEW tkD ; NEGATIVE DECLARAT I'ON (ENT I TLHHENTS 4 ` �PPRQVED) X t• i r l . I , t , �. ,1, r t at1, '`,4 r r• r •, „a rDEVELOPER COMMENCES WORKING DRAW I NGS • .1 ' r', �..J',• t 'r i,. t '` i'„'�� t :7 1 t .r r - F t ' l9j.I cH ?!8,,..188y D9VkLOPZR` N0T I F I ES AGENCY OF OUTCOME;.& aid I- 19 "TESTS .- r �[A�RCH'.FS6; 9!!7 !. AGENCY 'AN6 CITY `CCUNC I L:IICONDUCT ;'JOINT 1 - ' PUBLIC HEARING qN D +A (DD►A( APPROVED)' ! y. `17,``:.1 987 PLANNING' CQMM 155 I.ON -C0NDUCTS` PV8L I C ,NEAR I NG- ON THE NE .t�+1 h'RECISE '.PLAN OF 1't�,=rr'�; If�tt ' •r, - , - �� .t- STREETB t' � _ y ` _ 1, r,, ;.1 •g• '•r..rt,, t 7 1 !. It; e t r, 1' s t !. '�•( }y, 1 �1 ., i 7 :. r �J.1' : .• ,•l ,, r .` 8,;- 1987 R©UGH°,ORAD I NG PERM I T. °I Sstl�i BY C d TY ''Tt): :: �,.,','t .:r:; ` �;,• , , D!lVELOPER', (SUBJECT-10 DEVELOPER- '. t' 1 SU8M I TTAL :0F':PLAN BY 17ARCH 11,,, 1987 , a987 DEVELOPER 'PROV. AGENCY''EV I DENCE ,DIr + ft. LOAN COMM I TTMENT APR I L 3 ...T. 1987 ! 1 ESCROW. ,CLOSES r , •( ' t it I t .. '` Ali f ;,• '•' '.1 1 r C! j� i 1 .�•• t r ,.' :(,,tr:y j '•7" •r. 'i. �;�• .: ,�r' 7 t:r y •.t ,t fit. .' r t t , , 1'.+, 't '` �,_ 'w� � .�•i• �';' .j;tt' v..tJt '{'��3�•yl 1 ', '1. :7!'I. Ir, t •+ i rr rt ' •' �,'• `' •,� r; t `r r,• r,' 1, .r�•' 'k� r, t!, ,t, ,`ix f'�r , �} r' t7 ,�, 1 ' f{• ',-'••� 'ri /`.• �• t' .1,y ` ',': ' �; •I'' •� .�'1 rii f t �ff'r•. t. { I f �r. .rt 1 I r , •, •rr,Jtrt`, '11 ,r /y! fC�7r r. •''i�, ��{l + , .• 1� t v � .t•. ` ,(�r , r r, `•t �ti rb yl 3 .` i1•'^', r� 1r' '• f,I• �4 ' 1 - 't ' ,' '.r, • - 1 ' ' f l ral•'ft rA ,, '��t, ,, 1 'j: l + Y JG v t + t 1. 'i•'31 r u ! 7:3 { , t, r,.` i "�' 1� .. 111.E .1 � 'f rt t; r. " 'j r,:..'7 � ,� r•. !t}/;�+r'{ '� •'l' ,f n.7• ` r f i , ,.7 ,'; 11,, '., •.ft•y'r ; r; .l'�•- s'•t r*1.` MR r r +,; ':1�• t i i .';t , ,: `r{(' '' I - . + 'r•01' L�YSr !$!��' "'.i rF�rf .+>!j ''�' •�' t ! ,lr �l�'' , t t r fir �l + •.'1 fy��f f,, �•,r 7^J'•S�;^r'!+'� ., a'+ } r ,h -r a tr• ,r ,r r;1 :S ,t , '.c 1j t`�},y,,� .r.t,. c .'[t. �. r._r.(,r'11• .,.. .r ,,.. .. 1 h .. 'C4j� ...,. ' .,).�'. {� .. , !"•; .._:1++ .a,,. ^r ' �' J7iM It IS.C�j't I'.� �'' `• � r � {tr' �, EE' t ,, ` 'r (, ,,yj r 7�7• t r. ,,'7r,'.11. 1�• t r+''�� ,,4 7 '•1 � t 7 i. � . '`, 1' ` i � r� ,'' - r ,I' if Jt t .t. l ;r ," tl i I •,'r i AD'f ANTAGES tTOWURESTON,SELECTION: �r �`•t� + ',7,7,A1 � l��fAl'1'��= r + r,. .'!. f(�. t , . � t! - ;f 11 .. � • ` ,r. Ver.y',cQmpe ltlr,e,. at $1;�7k�,004 a ftw .thousand'hljlrer than ti�ie. next hl 'h° st -bidder, plus'dic Cost of any necessary public irnprovernents:' � t �� I14� yal a ref irn{�raveorient.s r{)Iri arable 'to other l',ro posals t t1, , rr , , •. .. '. •, 1 III. 514 Us;er:r r >' ` ;,. 1Wause:t� ;user uf:thls faciiity'is knowneD The :Agency his a 'better uy,derstandinpt of the 'use, 6n the site and can provide. rnitliatian measures tha:t,,may be'necessary. 'l • •},. !'tl;,` ,. ll�t,t •) , , ..r 1•r ,Jit ' 7 ', '` Y e i'` + 1•_7 i" ` •y ;I°', �.�• 1 f' ,' � 1+'�•' '�r, ',•S, t ;. � rr . 1. , t Nei E3: 51hiie user' wll j speed .the entitlernerit-•to 'use.process. . ,'r•fr .' Stain experience indicates' 'there +ill be .fewer enforcetner?c' problems for a single «`srr structure'than results-tenant or for•sale project. t r'D. The user fs a loca�l'business ,which"wlshPs to expand. .The alternative site'woulii '' °• t t have jaken the business"out of- Huntington Beach. Therefore, this'provides for t business'Cetent, and expansion. ' r.:',.•i:., '.` The,.planhed-'user' will co'Unt as a "point of sale"•for,goods, sold Within,Cali for•nia= and'so will col! tribut' to sales tax. 1. The user.rcig sires t;igli value e:quipinent Ripon whic'n propet•ty tax will be•paid.! 'T ie :deye'loper, has signed a long term lease) with the user. Possessory' interest t, tax':will he paid on the vali,e of this lease. 4l 1 { � '' t i �', + • .:; i t .` ;.' � •• � ram; , ' ::; fu t onstruction schedule calls r cornple'tion ;of .structure in December' 1'987 and will place faelli ty"on'tax rolls at early'date. S , Mr •.•i i. .j,i'I .- , ..' to • , , I YYrI'r._.___�..i_—._.—_.r�wwaru—�--_-_-..._...—��—��—_. _ _ •1 .. v. r,..'a.i •i r! ''r_a..�_a.,w__..1,IAL'.4.1- _ t r ; , t-t1. .TI:, :l',i t. y i 's i r •• t� 1 t .t�. �'1 zip.1.rf. .tr _ "!'1,'.'11.Q+='t.: .'r �^ t , ',� 1, t al / •11. �t , 't •:,f• .t� • t 7� f:�i��'�Jki.�>!{�ilrit�?i •, ) t} tj tt` /. .� ,. •} ,.[, ;\}` + i't '' /, tl, .. i s,• ,� t '�:� }I�y' (.' +IIt rf 1�if( 't/,r)`Fr 1 f;'i �t3.' �.t � ,•{ l 1� � 't. 'r.. '•al ,t ) i' t i t.` J. '� ,/�• {, t •.1 •1. 'r� ,t -�i, / :1 � 1'11 'i •)�riA �.e }r, h r 'C 1 ! .�i .i i 't �• + r t _ '.5� .i ,! ` '�,i tit i�((••)1�'',ii'�t i t �Y ! 1 t f ' ', i �'�S: } `�..i;•,. ;�j1y, 'S, , i . �l4¢..�1 57 t { ! 1 , �1 r , i + 7`, r I � ) +yV'�•a� li�++r `(1�1 J. ''r �Irr �t{, ra}t+ l L 1 '.I .t, _ r `; I '• i ''(. li ♦,, d - ,r• ( ' .r4I r^• r ''Y i' •`tr •,r• ( r f• 1 1 .1 ��'%r. r I! '•"i 1 r. .. '7 . p.a .' `Yr P�,`n•:••� '� t jjI� A )r t j 1 �>I' t� {' ',�.,`'r tt 'S. .. ,t } .f,. .; r ,(', 1 - f .. _..• , •.-.. t •••�.�r.Iif.7 iw• t1 3• t�,, i t r' 11 it l'ts ! � �44}1t+' t -.r��,, �� I•.. 1• f r i. r rf ' - •i. — .. 419861. /i `r: r• `�. c .ro,l f` 11',3 ,+ 1{�t t.lY�r•T f , '}`I 1 i• ., • ' 1 7. SOURCE i( ,r �; , ` 'l 1, ;f• , t. Land'.sa19 oeeeds wiU be Aaimintest��i ive dusts' from R;edevetopment 'Agency budge Y , j R+odavoloprt�+�tit Agr�nc� rev ! t .. J` {�}i'•r.' ,+l.If,t 'rlil !t f. 'j 4. .• , ',• � AL'I'BRNA`CIYF ACTIONt i Iry nat" n'�yoV 'the atte�h�d RFP/Bids. This will; ro- mp�t��iapositibn of tho!parcel at. �' f t` ' ��thid.litn�. ttt� ''I• , � ' ;� ' � ,� � ' � 1 ,rti l,✓r'. ' t :AT:TACH fiGN i DLB Misar } (`4 it t'Ist, ` r ill' .t`:� r• ,{. ' � � � -, . •1 f ;r t�r�if �r./I'++• �( 7 (r •.P 1 't r. (; .' ,, •V t,p• ' ±; ,rt, ,ti .k(, tt. i s ,r � tl, I�Ii. irJ I• ` , '` •' , c ,y' .S / '� �( • ��a1 ', 'r°t''I i}I r{ r. ; r. .�; ' ', � It t I ., •f�F`t`' .+ (.. J t E. rJ:; 1t1 Illf'rJ wry ,f, P.r• 1 r' ; I , i:.rwv :M1��/}'�"'•� ri!•r � .�', ': . ....... .. t.. ., r .. ._ . . !.. � � •.�.+;t• ......J•., ... ., e �t. . S .,v �•. ......, •v.-.r1..� �.{+,•�r t.+'(t/ t: � r, '.,'' t ( ,f I , 1, e ; '!t �" . r41i r iiq;to faMie4wahl Adwlc liwnwrrMf'bf iN MW46 publk , r ,f.�, llfi►f M fl�r Mcr+rd.of;tiw:s4pdrlor:Court:of nr oM�nty, CiAptM17I ,MM Tp 5006rrlf3lr, 1941, Mind ' `J1400 Ti d1111d 11.Ai4v'11M. �rs ('�1/1 i�•Mtt'V�twt��kl�11��7�� 'J •I � I t .. � � rl, r O Wy of Orange' ►,tree:K.in:AtfWWV rAvold Mwi P" MMnr.N N Pam r �a M't;I ''. ,c y•�.. ,I woo WS 61tYMM� r`1 'I sir+ a G;ttiYert al Wetin;ted States 8fid.a resident,of ; '! IN County'atoreiurld; I ii'ri OV*r the spe of,�,,ghteen yff #;;arid nol`a pe(ty,to of interfffstiod'in the oeiow, ! f, iriliiiad'iitif�tlfar('1'arty a prII'c1pIrI clerk•of the,Orange E ith which smbi oiti 61LY PILO, w nQ "Me '' :MIEWis'=fs#� SSrr.a �tffrwspap of'genera! 'circulation, prntso and+�piubliahed in .;he City 'oi Cc�ata`Mesa, ` t'Cwgty of rt�ra�ige: 'Stat�a vl California, •aMnd that s ' ! Notice of Extend'ed' Deadline q1 W�tich CO?Y.8ttp�• d 0hheiet "Is.a true ald complete copy,`waa printad and 'published In the CostaMesa, E, ` NOWPOH K,Isch, HuntirigtOn Beach, Fountain' Valley, Irvine; tho':touth Ciiastr�communitiea,lend Laguna, Bach les.ui ls.'ol newspaper,1pr 2na r.Ira A " sha to`wit the iasue(sj,of " Deyember 30 r : -_-� 198 t,14m ore; under' . t. . f perjury, 1 -', :•' I� ,,:•r.' ;: ' � p�n�tlty o � that tne f r gf ink is'trus�an correct' 'Execut6d bin Lb.' her 10 Ott ,Costa Nleaa,,C1 !ifornie. a•' _ •` Sl 'nature t. r ,'��gJ,��'•Yt.. F�.. 'i+ ,.t�j��+f•�ij, '.Y� ./J' �� �`' f;. .� 'r `r. +r I' :?: _ .tt. ! j f, r , I::� l it ♦,I ' �''f ,'f�' � ,'± �t �� t FTS' P�fl, rr. `, { + + ,••5 Sr ; {, _+ �f� . rj # If,k .� rr^ if (. 'r' ,+' , t" ,, f � �f.1 ♦ �, .{.�.. rx t�lj� •TI`,+•`,ftl�'' .,�4 v ,�'+ il�t t {"jti. T , + �• '' f, 1 '.+ ��.., .,1 P { i ',j.�`lftr r' ��Ltl�ri,jlr ++ -/e l t jf i (•, r �fr + fr frT 1 , f r - �•�":G�'.N'!'[.;' �`�' . ,�/`'('�Fr ! .+ fir, ! t+ (' t + � j t . , 1 k� r� `��. `1 � ' •r:+ � e{•+�1 ,"),,!11'��it Jft. (S'�r.+•+�.,.VW,��'f•r.,�' a+~f.. ,t.. ', h�{rr+ ft.i.+r, i•tn-,• ++ t�r� �t'ra�� i. , t, ^J +i 't+,,;t;py , ( tr;l: Sr, `;,:.�,�t.� .e. ..� i �•'.f�° .J.. +f r I- i 4a✓�C,17�+ k i;, '+C�.7�, .. 'yr' �. •( �'r.. •�.) mom t ,��t r�, r � .t> I• r � , PUBLIC`NOTW DEADLIIv EXTENDED t *�" '��•f!.'t• f+ I•,t,, '(tr ,t I .ri.++. ,'•' "HE` •FtraDE-VELOOMENT+• AGENCY OF THE, CITY 'OF HUNTINGTON+ 6EACH:' ,4AS 4XTI NaED�'''THI'. DEADLIN,-. ,.POR TI•lE; `SUBMI5SI4 1.:,, OF PROPOSALS FOR THE , L:+�`tUISITION, ';,;OF T�1L: I.NDUSi1'RIAL SITE WITHIN TALBERT'�-F�EP;CH, I� `REDEW.LOPMMNT PR03ECT• AREA THE NEB DtADLINE'IS'.,'' FRIDAY, JANUA.RY'23t -1987 4: 'f^k"+ir'+S� ,'• t, t + + �. .j�. , ,r + 4iV06+P.M. r f •.I � ,,� 1 t� T MR. D1AN BRENNAN f 20a0 MAIN STREET' HUNTINGTON 5EACFij,-CA 9$2648p . + 1 ..A BRIEFING SESSION:FCiR�,ALL•INTERF.S'TED DEVELOPERS ,HAS BEEN SCHEDULE 5. WEDNESDAY, JANUARY 7 •!987 .9.:00,ABM. ' HUNTINGTON BEACH ,CIVIC CENTER 2000 MAIN STREET I ,! OTHFI IyFORMA�'IOIw1 ABOUT THE SITE IS AS FOLI'OWS: t., �f: t.. `SIDE: AP 'ROXIMATELY S ACRES; ESSEN`TIALLk' 't AT.: E 2 LOCATION:. SOUTH SIDE"OF TALf3ERT RVENUEr WEST OF -BEACH ;f. y .BOULEVARD. . 3:' - GENERAL FLAN:' `ItVDUSTRIAL.. t 4. ZONING: 0r'ESCR0W,.WILL BE NO LATER THAN APRIL 3p 1987. INTERFESIf 1b''DEVELOPERS StiQULD SUBMIT ONE ORIGINAL AND FIVE (5) COPILS_OF �`�.:•.. . PFi4�1"0SAL5 ,TO,MR. 'BRENNAN A'T :THE ',sCIVIC CENTER PRIOR TO THE SUBMISSION }'DEADI,INE. .P ``DA d e:a ALICIA M.-WENTWORTH,,'SECRETARY j REDEVELL7P144ENT AGENCY `! 0736r " .. r � :. � t .. ..__.___.�._.......,.,..... ...N r•, �.,.�...r.rc...E.,._.^+S1i..lirl.'.a"•V.tir� i& i`r tS 'e" h (s ,,rl(1�r-_ 't fi,a .'},,'r.t t•i ;r..' t'��r!l}, r t, ,' '' I ^` it ., ,. i.i''i��•�'�t ) ;'r F/, ;;'j r r' -ft1 4 �'i�rQr.i ��� t r i ,5' ' a i ' AIM►• , -L. t ' ' " i - . 'r .: :r�•rl ! t + t '.i t � �. � f t 41 ' , , r,• ,j { {• r,. .1 -r '�;� 3 +wind 14 .G..4 .fll.;.w (.,•ten i• .1,1. 'V. .r;+tt•t 'tit . ,Lit. L,1 ., r' t.c.l .,.. .:.a/" •r.. Sr: it , • '.i....yM I i '., 5 i t Y i• .' 4 (/(`��[},{..,� • .1 ,giy'.A... t f I f f. IN El CfTYI 2&AV MAIN STREETj ` !CALIFORNIA 9?S4g ir. :f. t` ,4 •r ;i,' .1t L '( Y t,. � tt�• r t .. . t� r" ,+ , HOUSIN �i4ND REDSVEILDPMENT Decel'or 26, 9E6 t S1I00EG'T': SUBMISSION"DEADLINE E:TENDED ;f1� Dfer6ted`Party:$clri , �JI,`T'his (eater is to 'notify you .'hat'-;t:re :deadline :,for the 'submission of I=;oposals for ,the the flvi ac:rc'industial``pa,rcel in the Talbert-Beath Redevelopment Project He I' ` Area, has been Lxteitdetl,to the Ate r i. Friday, �'anuary 231 1987 4:00 . . f -'' 'To Mr. Brenrr�tn This ' extensiori�;,of time• Is, offer . q mments received L'fr6M' several intet'es,ted parties; 'to accommodate the `'difficult Ne"` acknowle'd a `In assembiln a Y. 8 $ Proposal;through the holiday period, and in.the interest of allowing all proponents time 'to. L , prepare a complete Proposal. ; Yri';addit �). , wc,';wuuid Irke to notify ,vou that a. briefing sesslan to'.discuss details of the . .. I., r, R.cgriest f�-or,Pr��psa at, 10:ansv�er'any uesiI ns you might have, and to present the process and:schedule for the review of Propos i n .set for: Wednesda January ? 198i' s Y, Y , 9:00 a.m: t , Huntington a enter Ronm A-?: t Also, please be advised that the new date for the close 'c:f. e3crow Is "+�lprii r3, 1987. .. I ' aAAreclate your in, In the Huntington Beach Redevelopm nt Program. Of course, if '. :`yob should have any questions, please do not hesitate to contact us at the number below. ,. :Vets• truly. yours, , tip n V: Kohler , Principal. Redevelo�nent,Specialist xc: Char!es W. Thompson, City Administrator Douglas N. La Belle, Deputy City Administrator/Redevelopment' Dai)' Brennan" Real Propeity Mlar:in,c e-1 i'Gala"Hutton,, .Clij•;'�Y`+ P. Clark, Stradling, Yocca, Carlson & Rauth TW"h"(714)Wi•• 542 j l ,, 1 r J ' � � J,• I , j. rian 8reanan Real PropertyfAanager'. C4Y of 11i ntin4ton Bear,;h. . ( OOG Maim"' treat Huntingdon beach, C4` 92648 ' Re: Request for Qualifications/Purchase or. Lease Bids � t t : Taibert:� -Belch ltndustria: Parcel .; ` i(unting�on` Beach Recicavelopment Agency Dear Mx. Drennan: - Mehave exirlosea 'thee' a original submittals anti three additional copies i ti S for .your consideiit ofi in the se' lecti on .of a.developer, lessee or purr ihiser of the agency'-,as ,ed. .industrial parcel in the Talbert-'Beach l edeve�ogment ProJ06t, area. t Char. firm is currently active in. the Gothard'-Indust vial Corridor, with iseveral . otentiR2 users and investors :interested''i.n pRrticipating in the aveic'piie>it `ana acquisticin of the noted property. We have recently '. ' purchased several indui ti iral sites and completed .light inda3trial fa6ilit ea' similar to those anticipated in, this de►:eloFmcnt, dernonsuratinq capability with a high level, orf value and quality in the work being f. t produced. Wa agpreciat our consideration of our submittal and will gladly provide ' .additdonai . formati or: Glarificetion, to Assist in your reView. 1 ' Very your ,. arren 11. for a, President, t A ARCQN, INC. w.HL:bp Enclosures UR 18811 Huntington Street. Suite 21.10, Huntington Beach, California, 92648 (7414) 84B.7262 license No. B 362 942 .J' I , /'`�j'rr+t+ ! r 'u - .. , •, .. '• .tit' i r:� I • ` TABLE OF CONTENTS r` PROJECT PROPOSAL SUMMARY ` Firm Name and Address ;Contact Person and Telephone Proposed Lease/Terms sr t a Y1 Alternate Purohase Proposal ' lype', of Use iDescriptlon, Value,/Cast Pr06m, a ARCO BACKGROUND INFORMATION rl Previous Experience r h Financial Status Local References ' GRAPHIC INFORMATION !' Cit' of Huntington Beach RPF with !Project Loi catlan i'1a y 9 Pf Figures: 1 4 Site' V'ie> .. Figures 5 - 5. Gotha:rd Street Industrial Figures 7 S Sampson Street ,- Orange Medi-Frans Figu"res•, 5.' - 10. Reynolds "- Serrot Corporation Figure 11 Reynol ds Si ngl a Tenant Spec � P: . t Figure 12 Reynolds Site View Figure 13 Main Office Professional Building " Figure 14 Florida Professional Budding ' .. Figure 15 Huntington Medical Profe' ss,.onal Building DEVELOPER RESUME f VILA ARGON, INC., 18811 HUNTINGTON STREET. SUITE 200. HUNT!NGTON ©EACH, CA 92648(i 14)848.7262 ,r,a. ..»-r..........,. �,�,�rt•lyas.Uw�twa�^.�..i-....=��+� }. �'�" i. r � ,1. — .y_. t f r � II` '.' , .r. S r i 1 .�, f.., I { i �f��'�,:' .c };1,. ,itJf:ilr rl' '�; 'f�.,rl•; + {:�' �'�'. rt, tl„',•t't. t, 1,`. , 1 4j�,r l t. i. j r �r,4,�f(� �S '' (,' �'. r•.1 r 11. '',fr rl,,�, �Sr, rt(S;'a% 7y 'r t 1 'f +h .1(7 +;jr, if:h1 'j,• ,,,',,/ j r} `t•'� 1. r�" �•'.:' `a r r.. 'r 'r' !• ,tr i•, ,. �'" 't,lr�. � .�•, � 1 •If•i� Fiitr art. :''l , 'Irlr..it7.i>I ,r, rtf'•r.• f.�J;S;�tt'i+s'r•� .t� r f 7.,{rr .{�; •r}t r ,� {lrjr. yr�,7,� �,iYlr (r t+..IF ,!, .JS; }' Ij\ �'••+ � i r\F�I!',: �...i ,j �pr,!/ +,rS°'� "/f F• rl :i:r; 7+.r r I ;� f ( �r Li.. ,i 4t ,i, 1 }(.t,i:�.,l .�;,• .r,, r .r �_� •4t/ir. {{ `r' '•'J :� .� . r•�„r 1 � ,i. „ 'f tE, .!" r.,, '�, ,;3 `/ �'i 'v , , t:; f �'„ �{ j �(! ` r1 .y,� r S {.:ti±'laij 'r�S iEk'rlr. -t•t•r!+ '%''_ �•�',,'r'•'�r7ti'� J �' ,. 'f:;.rf4.r1. it, �'. .r�r(r'�; 1 41,1i.',':,' ,J ,•• Ir •c , r+k �,i.� II j; ,,r:;' r�'•:( •,6+(( 1• c-,;dd; 11i: 4.� 'r:�1 . ,, l�., i.` .;li rr )rl:r. �� >d1�3 :l }4 r: .,�.! •I,' 4rf i'',r„'•pr '�:' f '(l.�,•iE.'S:% �� ' �r,'��' ��. ;' S 'tr y� J Z• S'ff�., Yj .;lkit r,7+�r., .S. '!': '.l. •�r rr i• '9`r 7r t e Y,+ri !'r f s' Ir'. ' ' . r t'r 7 � � ,I •7 ! 1,E•.t I"3" ! f i� 'a '�l l''s,t I'1 1' r, r {, � r 1. .f. .,.. k ;'S .r 'r•,. �, �;,. ,f • �;;��, ; •.,,, , �r� �,1 , • �: �: `.t,�.•.,���r � Q• '� ,r, 7•,F�;t,•'''�� ,,\, a ; � ', _� {' � t Rt ,�'... �SM1 1, �++k.',! J, { t r r '. ,,fa `a 1 t,�. .aryl, It.,'..+ f r' •.�J rh♦`t�y// ! i +{• TC•`;f+ is i'�;l'�' � /�'l�fiR••r �[����? t.1 S,��rld`.I�:;i'r. i,,l�!�•)�,.+E.�y��'!° 1�I. ,�S:t,rr r. .,�..',.Y.l. f�n.al� 1•i! ";t. rrr ,!'���, ��',1E ,t r �.';:'A+ i .{ •hlr,'',1'. rj ''� A; ,}' .', r �� �y'.Yf,,• I'!'�''� ".i a�+.F ,n Air" +r.F• i '!'�1`�. Py{i}�; 7?I;,e1 ;,�,,, .h r1.,�. `'.'fi• '1: .i l't S.l1 t, 4'I r'1, .,r!� �fl�} },.,r+ .� + .G I '� A r"y�, I ,,j.f r(!;+ll Y•r,y c j ' k�� f1{ r" /'Y/4 i V$ ' =!t,r•.:�.a�i i'r,...' d i. i J�,4 �' I t_7 f ..�� W.r'r�; ...'�{� t, �.��q`+�1'��y.,y• ,1 ,.r r .5,. [ ray S.r� ,L,,l.'rt r',�'�.L +.ri.j1.7...Y.•aa�c.•{...LG-..S..i .:.^l� .!{.,..y..... t:, l..a'.L.i, J A. tn..«..f.u/...x E.,! 1 p. a r�' •,7�r S} d,f'�i►(T( ,j;,.L!;'��'�lY 1 d.��;:C:.d'l.r•. .....�.�� � t •. � ` h i ) f r ,r. \ r irk'• f } .. Irl _� .'t't •t ,' - e1 - .. .. , •,� {ter;,(' •,! '�',• I , t 1. y'. ,, ,(' t. � •! 1 i • PROJECT ,PROPOSAL. SUMN1 M s-"i r-n Name and Ac�dr°ess Contact Person and Telephone Proposed Lease/Te ms l l�l ternate F'urrhase Propusa,l Type of Use Pescription LJ Value/Cast'• Prof orma i �.iJ• , r 7 WLA ARWN Ir1;., 16131 1 HUNUNGTON STREET. SUITE 2W, HUNTIMT ON B;ACH, CA 92648 (714)848.7262 I V- I' I A(1 j . . . PROJECT PROPOSAL SUMKOY ' INC.Fj�m. Nim* e. WLA ARCONt Ad&ess 18811 'Hu ntington 'S treet, Su I te" 4,200,!Kintinoton Beach -CA 926W tt-Person re Wa r n H. , Lortie Tel hone (714) 848-7262,'- Proposed Lease jTefns 55:year ground lease Jf .$160' 000 first Year payment (16%) v Payable e monthly in' advance. Adjqsimnt.-annual ly 'b VI 'ta, maximum '6%/yr y M P I s u c y u,-chate opti6h @ adjusted ted .value h, five ve 'ekrs.' constru Subordination .to initial lbn and perinailent'. f inakir'!/q, Comence at recordi6g '6f Parcel Ma Deferred during Co to pstruction: one year maximum. 'Split of ,Pease preparation and recording' costs. ! Al terna ti ve ff ,6090000 Purchase Proposal fA 20k payab) ei with : re ordin' of, appOoved Pa'rcel MAp Subdivision. C16se not 'to exceed' 90,.days'. after acceptance.,,, Balance carried asp one year note,, 12%.,1nter6st,, payable concurrently with construction 1 oan. Norinal splft of escrow,costs , Typ e of Lls6 Dess'c ri t'l on Light indu.itrial and war'nhd`us?e' . i=acil -ities a S' allowed by'L' the MI-A District Ordinance. SIX to eight parcels and structures a're planned, with buildings averaging 109000-13jOW,S.Fil Total building area is projecte&at 75,000 to .86MO S.F. ,a' nd Will be, c6nfiq'ured as '.single storly.,con.creti ,and masonry construction,* similar to conventional .development, in the area . Special consideration will •be given to -perimeter treatme3nt Wen and 'landscaping abutting the res I tial, Zone. 'WLA IARCbN, INC,, 18611 HUNTINGTON STREET,SUITE 2W, HUNTINGTON BEACH,CA 9?648(.714)848.7M2 IM it i.V, 'Al -Value/Copt ,PWdrm,& Val'ek et ad @,'$.58/N SF ei cWoTd� Assus', 76000.'het !bulild6ble''Area'. �.' $4,4 Assumes', 08,0W Land ''Purchase. val' Y L $2 1 ,00 , 00 0 . sfie ,jmorovemenf/subdiviSlob $T*30: :250s000 td u h�t� ction .cost @ ,$f.11 M401 1 2j050,000'�' l b ,0001 tftoi I roj et t cost : (3 tk. i Cost of' sal e, 264 000] @ (3 Grass development . profit 144000 ,, 110*'6%, of total constrvctii)n" -cost 6.3t 'u' f t(ta I Pr* o,-Idct cost 5.5%-of market l va 166 Notes'., ation will .determine 'ntual footag6. ,Es, L' F'i 6a 1 plan: CbhfjjUr1thpate'.assumes a' utilization facto�,of M on 'grost site, area or 76,000' net rentable sqpAre- feet , (2) Cost `includes'. no mal construction period interest:, d4-Ve'loper's , overMad ekp6nses, and all ' fees or, permits. ' I (:��''. Project on g roijn'd, lease would not be. sold in h6a r L term.' WLA AMON, INC.. IM I HUNTINGTON STREET,E111TE 200, HUNTINGTON BEACH, CA 92648 QW 048.7262 7 1 7j, V=77 ep It ....... ................. • rr-%p -41 ARON- BACKGROUND INFORIMATION Prevlous-Experience Financlal St"atus L 661 References o a MCI WLA ARCON. 18811 HUNTINGTON STREET. SUITE 200. HUNTINGTON BEACH,CA 92648(714)e4fi-7262 N4 1117!1,1 1-, 1 1-111'1. A.. 7477 ,�PV.IVI I... 'i , -.i 7j JOY" rr 41 'AACON: BACKGROUND INFORMATION (AL ThiPrOose. "ProjAect" wi 11 'b' dd' ela d by;-Warren' If. - Lbrtie, a 1 icen .se`d architect afid president cif ARCOW, INC. a; li 66n s e d g qne' rM 'contractor and rkl-,.estate management firm. ''.Previous: Werience Mr: L16 r.t.ieInd his ,if i m ha?/,Yconsfderabl6. backgrouhid in the punning , .' , ' . , el"6t)11 m4n tconstruction 1 . . an( d I m, 6'n dqe' e n t•. of co'm6 rd i a I i61 dustria1 'i hd tzpo E, J t n�ored development, prbiects., iperiendeAs butTihed 0 n t h eL governmen'.: n n T,; attached P&Osohal and Professional Resume; however,-, h t t a, ',ol I bwi ng, Proj ec s Lne, ,here as rtair.ill specif ical ly to the propcsed :project.. a.re . elaborated P� 9 1n' dd'S' ti`Tal1-D6Vel6Lr ent.' Devel,opment, Aesign -and '-.unstrdctiC*h',`of various ' rndustrjal prQects, totalling in excess of 100,000' sqdar' e feet, 1U6ated - th P Bernardino counties In �OrangO and Srn ,' fr"om 1981"io P. ..presenf.' , rojects in HUnting i ton. Beach are presented 'in :Figures 5 .throOgh,'12., igures' 5 ,an' ' d 6., Gothard, Street Indt'Istrial evi aoment, �,des gn arid constructi..' b of.. 14j=.' square -foot,, multi-tenant -iKdus al facility rd 66 Gotha' 'Street. Completed' and Acupied 1979. 1R*"_!Yhdicated, 083. F igur v5ampson- Sti-eet '0' ' ge Me'd ans e -7 and ,'8-' ran i Tr'' DeveloOm'ent,,,"d6si�li�"k.an'd construction of a bu' 11 t-to'.-S U i t 59013 square foot" iml ti-�tehant ifiduisteidl facility on $., %I . I . . . R Sainpson Street. ,, Cam of eted'. 1985 and occupied, Figures 9 'and , 10. 12yool ds Serrot Co�puratl6h. DeVeklopment,`design an �,construction: of a" built-to-suit 13;D47 squartfoot industrial faci 11 ty on Reynol ds" Circle n Central. Park Industrial . Completed 1985- wid occupied. wl n Teno'ht:- Spec,Figure,.11.', R�Yholds �il' qv*'el'6p*?,nt,, .design and 'comAruction of 11 ,160 square foot, in4l e �i:ena'nt spec, industria�,',, facility pn ,Rey`nolds ..Circle Is irl Central, Park- Industrial . %.,o pjetio' nAune 10 198'5 .1A WL'k ARCON. INC.. 18811 HUNTINGTON STREET, SUITE 200. HUNTINGTON EAC CA 92649(714)(148.7262 H. 7-7 .7, 7"J 7 V 1 77 47" ,f J -,f/q, I ?r IIY I . i a yV............. ......... ..................... it -fit Aaw J f tant C -�uction and manag' ifieht''of .I'AfM 1, Developm ' gn nst a e'-06�% opment,�. des 1 0: , e roJects,Ad A i aUF -fict P . n,,excess:,of 40,,00,0. square fe6t, ,,1kated va rT Of tal'I ing 'in,,,Hutitiqgtbtl'ISF.ba'ch ,'frbm.,1977 to;',Prei,',en,t. 'Th es e...p rbJ et t S are yreiinteCjn.� . Ffqures .13' thittb g �,15, to e Main Offic'i."Prof6 i a o 1 gore 13 ss Oh A"uitl di 000 construction and , an t, of N41 dpment 1,461 gh manageme 17 t Wq-stdry.,_ garden. fflce.'p, 0i ree n S: f6oect-.6 Main'in it t. Proiect 'coinpl:aced.and occup'ied .1977, .1i NQUre :14 F1 o'r ida Ptofessio'nal Bu'ildiqg.,, 0 dekfel.6��entj -det.ign i .'construction and ma' nage'm6nt 'of. 16;0'b ' S street: foot, tory of f ice` project 'on 'Floirida:, Sti Completed 'and occup 61 Id. 1980 F. 'Ic Dt Fi Q6 re 15 'HuntinOton. 'Med 0 .,P�ofe,s.s_idn,Professional De�►_AODFnent, designi.. construction and man6gemdnt of 79200' square footlm6di 'cal/p,.,,,6fessio'naI buildin!' Ah Pacifica' Medical ''Distritt. - Completed and',occupi6d - 1982. inc ludes: :the provision of office a , a Other irel,evarit ex0erience-' 0 and sp 'ce, planning services ,for Seacliff Corporation, a 0 i Itisioq '&F "he ron. of California, an a roxil'71 iltely 200,000 's,PP qudre feet bf, office development , in^5puthern Callfornih.; aWng 'as Project.,. Arcliftect, for ai'i,100.,000,s qu ire ' foot rofi fice and conference facility in Loinj '86ach;'. a'nd the development,t " design 'and: cbnsteUctidn of, thirty-one units of townhouse apartments - under Or, J o cts sponsored by the City 'of Pasadena . - Mr. Lortie has retained ownership ,and' provides Oroperty management services to,. several of the I p :,PrOects" n'odued ih Financial StAtus l irlren 11. Lortie, together with his . f irin,WLA ARGON, INC. ,' 'Of.which he is sole owner, have a Combined net worth in excess .of $500,000,, 1 A partner4ohi' P will bejormed t iih' investors those combined net worth shall be 'not less .00 the..'Purchase price or agreed lease valise of the pio'per'ty., Corporate grid financlal sta temen separate pers9na I ts 'Will be under ra te cover, upon request.. WLA)VrON. INO., Mall HUNTIf!9TON STREET;",UITE'200.HWANGION BEACH.CA 02fi48(714 840262 7T 0 h, C 1,0, ):�i IJ kt $'I'P 1 �y V Y" Wd 47 It ?I, it _ 110W. Rif erences 77 "':' ate ,Nnn t re 6fit i'`�Huntih'qtdn..Uach Cha,Mier 'df comeke') n ' Y A c6*eside' t f, A oph 'Astociatidn) . litingW 'Savings ;a ;L ,•-:6967... a Me 4 ; CA MOT 84' -8600 Charlie -ThomP On i ty, -trator,, v Hu ac tihoton, Beh Admi 6 i's Ci 2000 .11�in' Street Hunti ng on 'B6a'ch, CA 92648 (714A 536 '55761(fomiar' , Maybr of Huntinoton Beaich) t aw . .. .Attorne ""al L IM: �279 152 Beach Boul Oard,, Suite Y HUnti I n,g.ton. ea Bi ch y CA .92641 (714) 841-:3444 h6" ftional- -personal 4 n d' p' r"b"f e s s i o na I reference' s are noted- on the' enclosed LA RieI rti6 's of. Marren 'H., Ld - SUITE 2 HUNTIN TON Bkf�.0 9 -7262 WLAMOO�N, INC.,:IWI I HUNTINGTON STREE7. W !q CA 2648(714)t34e . .. ....... ------- I.0 .717 0 rP,0I J til I F f ,fir1Il . J�;Af 1"1"'1 4 A aill N, I' J1�41 U11 ox"NOW I I r I I t I' t GRAPHIC INFORMATION City d i.t f 11", ' uhtffigtoh B eac i RPF with Project Location ,Ma p Figu.-6s1 4 Site` view. Figures 5,1 - 6 Gothard Str6,et Industrial Figures, 7 .- 81 Sampson',Street Orange Medi-Trdns 0 P Fi gyres 9 .10 Reynolds Serrbv C' brati6n , Figur'e' '11 t Ro�nclda - :Single :Tenant Spec . Figure 12, Ro - Sitd View nolds ' Mai Office 'P 6fe s � 1 luifding Fi ure',13 n. r s icn .,Pr f q FigumN Flari'da. s§iohal Buildi;I 0 0 Fi gu re 15,. 'Hun I ti no to n Medical, Professional Building. VELA ARC014, 11.4C., 18811 HUN7111C,'TON STMET. SUITE 20U, HUNTINGTON BEACH, CA 92618(714)1340-726 J-_ , ; , t ` ,- ,I" IV` i " ri. 77, it.i i3�p � QI It 1s `il � I,Yt j Illtl I 10, �T "� ji , f 1P ,it "j, it itT , J T "; d , I" . ( ( "AIIyf �Y , 1 ,. .�4 # . ! ' derIP " . "WRP 'M'I1fl'I"Iio " N I f Af01 EQVEST.FOR.QUALIFICATIONS/PURCHAfiE OR.LEASE BIDS 11 TALBERT-BEACHINDUSTRIAL PAACEL. 14 HUNTINGT6 CH,119DEVELOPMENt AGENCY t 7be Xedibveloipr�ent Ajeiie� of the Cfty,of, ton 136ach li'silicitifik Stafteffien' t of. I I . I City,of' Hunt ng, 0 ev6lopbri interested in�Ahe acquisition', ,.,,:- .W,f.Ifficatl6ns:a6d:Bids fo�,Odr6hMe-or.le& 41ro mi A g"ency- wnid ustrial, ardel located w1thin"t'he' ,Ag' ency!s Talbert�-Bdach' .;bf(ki.A P I a 'developm Re iht'",det area.,, it entertain bidi' fo� "'I 'o lease df,,thdsite it, !M6 Rik%vel6p�fiint.:M geficy will purc lase r tub"q1fte' right ci- rdui6 ia bids.db,�-: ',the,' t&AW6'st�ted below, -The Aftney,reserves''the` t Add itOM 1 itormation e" inig the site lsis'follows: SWE,DUSCRIP71011 ;i "'t , ' . . . • it `, ` �;; r � „ , , 1. SIZE-. Appe`6ximately' .5 acres; e:ssentinlly flat, *I :2 LOCATION:: South side of Talbert, Avenue, west of Beach Boulevard ,,-30. . ''GENERAL PLAN: Industrial 4. ZONING. M14 (See ':Attached)5. ACCESS.- Via Kovat' K66rt (currently d6eloped at301;..,.. Ultimate Right-6f-Way to be' 601) Precjse,Plan of S&eet Alignment t'o' c ''on i ti iue' Redo'' 'ndo Circle thru site mad be used, but is not required. 6. UTILMES: Uiwer - 811 Service in Talbert Avenue: ater, - 81' Service in'Tidbe'rt--Avenue Electricity - Available. 34� Gas - Xv' a!IAN'e 7. S S* S6 i is p -for'adjacent:pqrcef;avaik ilable Vpop r,�quest,, No OIL -r 0."o'ft..unusual W1 'are'ahtfcipked. owever, no viarrahties'or representations-regarding soils are made or implied. Sbme lincompacted.fill present on dte., SURROINDING-LA ,VSP di ND!," Seni6r citizen.co' n condos and apart ments Ao south and east, industrial G:W` 63f of site. Noise rep%`)rVpre' paired for ad e v developer will bVI, jacent sit', available lion, request. Selected dev0o `required to�subnlft'noise'niit gation plans d'ring "Exclusive" period. u 0. CURRENT LAND VALUE. Estimated at approximately $7 .$8isq. ft. 10. FINANCING% ' Ue City' maintains dn,ongoing program of capital it fi tax-exempt s ed trance through the sale of tax ecuvities. 7lie select developer m*y be an eligible partim"pan't'in this' program, the poilicies of which pro'"Ade a preterence for. developments located vilthin 'the Agency's pro' je6t areas. I P"I P ,7e�"] jr( .,"Yj I iJ "s �1, !,�dt tf Vii r T. qcj�;W�' it `Ibe!AgenGq 1111 require-a,fion46jtjnd- ab1e' .dP.P'0s1t' at-ithe ME,-a"t 10—i 6'f x—d :Agri a ISO ay E ,e1wive,At N % tWe amoun Of NS deN.Sit-Will; Ich. I L 6e,42SP0004, h ay.be 'aPj)1h3d to A4, 'sub s"Umit purchas.6price or. ease,paymftit,. ? 14TENTtOEP P _Cd... 'it60'S' AL s6thple o�rhat for V( 2 ace see.. r responses as'' attachkd ,Mi o U'I dUb. sM i t'a i i o rl g I fi-d"and btie"'Sested &V�16pers- "sh' jive (5) c601es-'dfJhtir-'. iubifi Won 1bi pm ger -FW y Mani t., nUng on I each C. 2000AM Diac h,Cp1ifcj ja 9' rn 2643,(. 14) 536-5544 A Ai . THE RECEIPT OY.RESP � 'ES Is 0 S 4 P.M." W6dnesdi Mg 1.9 4985 TO MR. BRENNAN :00, ' I A PIP y Lj JIV, 04024ff/Pa �11 J - -, 'TrT, 717. is 1{„t �Ilwh. li_ - i :1 1`777 , , , , i,*:. 4'.'1 lit%ji. 4 1 IqiI qV;r.t I "IV. -4 It 14 P A fir.. 11"I)F :31m) 14 1 .41. 14 'JI't f ')V ,,1 6-• , ;i , �?,' q JI-A te t, A' V j).., IF V �4 ilmTj� ,�die-1 144,Ul If It ti; id /A If It it SAMPIX , :j -Beach Industri I al I albertli al"Parcel ' Huntfnk tdn,Be.a6h,Redevelopment ne el AL /* Ile, It CONTAcr PARSON'll", It PHONE Please attach information 6nJirm!s previous ex4i6rleftce, financial cial status, and locz %it6f6ences (riefdrenc6s Will-b e.con'tat d). ' Include phoios f other projects c' tainh�g- product.t* sirnfi&'to;that propidstd.. r TROPOSED PURCHASE PRICE ,EASE TEAM: tit DMRIBEitrums: U 'Ond We I a,projvsed length of escrow W4 . 1 , PROP OSEDTYP230FIUS&: , I V.Al UE OFTROPOSED IMPROVEMENTS'.. ns' (include.anticipated G'qlUefie footage tb'bee''obstructed tend type. of K-,J* traction) . DEADLINE FOR SUBMISSION.- , 4:00 P.M. Nednesday,May 11.5 1 98r, 0320 ' , -ITT- —1—1 1 1 f'i'. I:, t,Ii 7 t7matttli I: ff I .,p�:,,� .)!I , W4 I I I I ,if A 11t J, tI It 'if W I If a if",t i I,) ,d I X,I.! iff, V to N p DIM 39 77 02d SECTIONAL Doi ST R I CT M A P 3,555-5-11 NOTE:aLL abismum t4y 04 fill 0 Ry 194 t "opno,saxem 't pwa 69T INOXI 0 yofiv Is wirsas to 1;vt I To Ing olojet or ms, obsr oewoiv Awmm mud KAWW".ft l., 46 814-0 ",if CIT F tomil Etc MTN" If No GN � t ��.' E-Adh r it1-1-11 111,0141 1146 1 two f .13A=,1.6". FAM1M.Wsltr-' �lwiaoir OWN ORANGRL. COUNTY -GALIFORNIA, A .0. we A" to ss, _Alk 7 "OM F1111" L Is MI-CD t W I A R4-SR R4-SR RI C4 ' Nor : MI—CD,' R4 R 01ir C.F—R MI—A it .....I...........Fw CD RI Mi . 0 C2 ILL ie $rigs MI C 2 RA-0.;ICD; RI R !' CF-C 11jair 19111 RZ LJ j � RI * . I Cut 74 RI R1 RI A _CD Mi �j L tl MI AN ARS R1 rH1 R1 It Mi Mi-O—CD MV01 RZ C2 "J L....... R5 RA-0-CD n . 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' '#' M �'t •R "'• .r T , 1 '� r,r� + ~��'� � ;- � r 4 T ti.. f�''+,�� + ,'11�{,j r ..i' ' .. 1 r '.1 M� 1 'n}' t" ,.1 „y. d.' h7 � 1., M � Rf•. .. , i ' � h rFr 1 1. y `V , y`.11' 1"';��q•r •�v�, a �� a}t k � �}���r} r F r ��� �r / ��a •`1ty r.}F',+ r tj�t�!. ''�`•, 1'. � �;. is {. r r �r,r 1 ', t �,+ r " ` � =fi ,.,� yJlE;t� + �� 1 jf ?l�v �,I�n �j Y •' � f f '4 � 1�"'¢ti r�r` ' ..l�{p; Yif� r+r� ��•' } ��.'��� ,fir s1I a i f. �. 4�Lfq�.?r!�' ''�"rr�rlt,�e AC WIT, •DNS'..��41` '•J y' 'W � 1 � t' 1 �Fy�.i? `f' ' + 6R� �( Ly�r� ty('f� ;, �• awl. ; r " f Y t`'+�i' }^ � RF+�r, �''S'�1f I (,It �;� r'L r•� ::',�7,{ r IF -.'� x 1 r j F7 : �k� � s,r�Ir 1• , a 1. Pr ti 4 t'r i •yI{ � •1+1 1 f -J it r'� 1'. � r � +•`��{ ` �.k. 'r Ir '' '1! 4 1 { X�.i, i1., f.i ,' r �, 1r r. � } " � 1' � _ r `^fM' -1� � . 4e J . ,._ YY�1 (r �.. •/J .{.'Y r. ,,• +' r.t , t + � ti • vy y I 1 •.� { 11 v IY,.1 •~ I'I'F}► 'x ' , MY' Y �,, � ", L , � i; °r 7 t, +��ry � � gyp, `, 1 r I -.�'.�yt- �: `�'- _; -..' .. _ ;.t - vim,- .. _ -__ - _ � '�.,•,.." ��.:...=�'`'.• Y I l 7 y f 4J `•• �"�. .++2'��-.i:�-a a..:'.r:Ji'G az�r_�✓✓=+..�...~...ice'..=.'., ,•r•�.u•• r. .. __--�� - I FIGURE 9. Reynolds - Serrot Corporation FIGURE 10. Reynolds - Serrot Corporation � 1 __ _ _ .....- •.+.:.r�'u-.: ^'r'.-y_" ___�;�;.—_ _� ^a..:''- .--.�'a..l•- -'� .�.."•_ y.w:..v-+•yC�c.•-arw.:..-_s!.:.:��. �:; „w' '�;, .j'- -.L... ,•��j _ . --... +-ram.-.�� ...... •1 -0.•. FIGURE 11. Reynolds - Single Tenant Spec FIGURE 12. Site View Reynolds Projects f ' - - y HUNTINGTON BEACH - CENTRAL PARK INDUSTRIAL PROJECTS '--� .j DEVELOPER RESU14E I ' tid . WlA ARCON, INC., 18811 HUNTINGTON STREET, £,UIT'E 200, HUNTINGTON HACH.CA Si2648(714) B40.7262 t r•. . f • ,, �" , ,. �+ fir` " Tj s yew.�. • ' ''' ' PEASMAL AND. PROFESSIONAL RESUME WAft MI HAWARD::LORTYE. born August"AP', 1943 :Ln ►+ Ln;� Angeles.,. 'Cal ifornfa' ' AESS TD ICE, ,,F.s 600 Iiz7.iotroQe ' Corona' del Uar, California EDUCkkI'014 University of Soothe= California ' 'bacheloe of 1.rchitect:ure. 1966 University of California a.•t:'Los Angele a Gradviate Study, Luster' of Business Ad.�inistrati6n H ward. University, Graduate School of Design, Graduate :Seminar, Design' Organization 'Ma.negement �.tWARDS' AmericanI?iaZd Se-vice `Scholarship Study an GeFmma.ny - 1961 , Douglas Aircraft 'I'iaf tion •Scholarship f; P ., 'Graduate Study. 1967•-196] `'• �... ,. Architect C-.7449 State of California, 1973 General �antractor, H-460577 - State of California, 1918 U) rt. EXPr. I&C '' Design Engineer_, .Douglas' Aircraft Company t ` ' 'Devc-4opment of DC-9 aircraft' evacuation, cabin• servic�ss + +• ' an d aeromedical support systems ms 1966-1969 fro act Architect, Killinasworth, Brady and Associates; Pulliam i�Satthevt and Associates Deasy, Bolling & G .11 Work in all. phases 'of architecture i.ncludi.ng planning program,' design 'construction documents, ,and construc-�i.on supervi.nign 1°'69-1973 Associate Professor; California State University at,' Pomona Archi.tecttiral Design Lecturer, `graduate! 'instructor ,and mentor, part-time. - 19 73-1979 ueyelopment and Construction'. ! Diasi.'gn, development rand, construction of camoicii.l projects in Huntington Beach -."1977-- present Professional Practice, Warren Loirtie A� Ociates'r` Rrchiteat i • Private, "fu17. �ae.tvic� practice i.Iz tP�.al�ning and ,��r-Ilitecruxrs ' 1973-Prurient.. . Tncorporai"(ei�`69 ,Architiir t and Contractor, ' ' �ravidin full development serviced under com ►an name P 9 , y X ARCCN$,: INC. , 1984. � + �. r a ' 1MI Hu.r0rngM St", $uite 200, Huntington Beach, California, 02648 (714) 048•7262'j License No. B 362 Y42 4/85 ;1"9 ,- I971 ih A.'s4Fac`Utioh' wif-11 ki.11in��;�vortl;, Bxady and h�sxi�,rer�r The City Center,, Orange. c ' .aster Plan developrcnt ''for shopping centex and o£fica huiiding camx�lex including graphic and architectural design. ' ;., College 'Unlpn, Vonci Beach Estate Univarsi : t. Construction:'field supervision. ` 197? -- 1973 In Association with Pulliam,. Matthews and AsaG.sates: a Coll.eae Union, Califarnzr State,,University, Pomana. Project Rch ct. Work incl-aded interior and k1tchen dasig,.i Nla11t3s Office Building, Galahasps Pa'rk3 c �,i Woodlethd Hills Office Hui.ldina Woo_dl.and Hills :I Sunset Hills.'Office,BuilWn , ,acram3nto. . 1 Develgpmentr 'flanning, aesign and ,construct10t, documents .tor carden coTicept ofiLce prefects. { 1973 .1.974 in Associatioifl with Deasy, Bolling and Gill: J Chaneell.or's Headgearters Com21sx, California State University Pio;l!:at Jtrchitect -fray 100 '000,squara :.foot office and confereaice facility in Loin , Beach. ' Fist Western Hank Cnjnputar Center. f �, Program, planning and design forma"or office remodeling. 1.974 -'t1977 As ati Archite-It in' Private Practice, United States Post Office 0 Lori Felix Station. ! New Est office facility for General' Services Ae;ninistration. y Certified Uniform Rfihta.l. Servi.oe 0 Pico RLvera; ' Schmidt Printing, 'Noy. oll iibodt Radio Service, Inc. ,. North K�11Y*t;od. Nerit buildings for smaIll com�rcia' use t t r, ;, { c. + `` .dirown' Valley Cen ter, Mission J Vie o. Planning and design -for smaill, converilance shopping center. - ' :. Crippled 'Child:Yen It Society,!'Pa nax Polytechnic achcol, Pasaddna: : V, Playground facilities 'desi.gn and construction supervision. �► ir+.mant: C J eis Huntington Beach c c 51, units,- devel pmwnt, design and construction documents. 4/85 Page 2. �. r r r v l'97,7 j Ae an Architect and`'Develarrer,` providing project cohiractirig prtuent,-•.` sAnd mnagoiwnt of cc plated facilities: 64 8 i4n tree Apartments,,,, China � 4 D+��*elopmont';-of•'a w50-uniz. apartment" complex, townhouse sty16. .• Frojet:t 'said t:o and :bui1t' L•y mauei 'De�velopt ent',' Newport Srsa,ch. ' bra, Amin` offiaa Prof esstiu 1, .Huntington Heaich D avelopn.ent,: desigie,and construction .ot, 17',000):squ�:xe, toot, two-»stan*y gr-rden`office' pvaject on' Man et'.I. 'rojert camp let , and oc^uaio:i 1977. c I Gist�.--i�3 'rtzec:t_��ndur�tri.al, tttu�tfi 2ton f3�'ecin ' Do' LJ)pment, design.andconsxtructtiion of 'Lt,900 Kgtiaze,foot, r� f.:n•, wi;1't 1L�tenant .6dastxial !:acll i.ty or. Gothard Street:. � Compli►ted"and.'ocr.-upi.ed ,1979. Re-syndicated 1983; i I'll orida Professional Hunt3nc tt6n B6.ch '�t�Vf'y1.bpment~,' drug n and construction of 161..000 'squ a.ra 'foot, ' t2iree--stoa�y, affiae��pxojeGt' on Florida 'Street. ;C0p7 et '3 and occupied 1980. c.'. . t Haker Industri'l' Ontzrio Deve o mert, design and construction of 37,600 'square fc}cat industrial park of four, c:oncrate tilt-uplk uildings': Cotx 1%ted Septesvb6r, 198i, { , Cedar' Industra.ai•�- Omtario t � " Syndication land management for purchase and -esal.o of 127 C 000 ,.+• t rgt>3r�:e. feat' induetr'ial £ark ofig;it: buildi.iigt� over lone tern ground 'lcF►se. . Couutii aced 'operat:3.ons. fi Ally, 1951: .,Huntinq ark tledical,'Hunt3n ton Beach , Daveloi.o nt.. design ,anti canst:rnction of 71200 square C6ot " medical/prafe:�aional building,'in •Pacifica Medical Distvriat: ` C'ompluted and occupied 1982., . Lea Rade=l Se'ction' 8 - ,Paa`adena T D velopmlent, ,design 8rd construci:ion of ,15 rent suhsidy ,town_ ,• ,' f hou,se apartnt�nt:m frr E;UD Sect.ion 8 program: CompletUd' and gold Jime 1984. ` -S6cond. phase begun 1985. }; ; Hun tinc toms Beach 'Industrial Dev lopmnt,,•d;isigrt and construction oil'three light' industrial buildin4e,'avrk3:ng 'a'e pi *tner with user-invert is. ` `+' • Construction completed ,1985, tt ( 4/85' Page 3 f .r,•r t r 1 ' y..(� ' ,t. if t •' 1 ', [r•�t MUL i _ mom•� �w. , tfYS,a'Uit`b.ljtil.r ` tlri..li nEz?:sJtt 7 At<ID TROPES IONA,L': L ur+-F s , a'�rner• •" ,' "'' ... Daveloper and,'Cont~r r��:tor Jasrard Develo`pr.lU,. s. (73.a), 84C3-�7133 �600 Main ':t �et,`~S�i.te :QUO ticintingron ?�:ach, C. 926419 =' a.:►c» G: Pulz�an►,,'k'.A„ .,1�. t• Pi li c3pal •�Irrhitect• Pxeident:, :5.r�.t:.I;.I: .:'; Pu:il'i�un� 'Matthews t, Assc+ciate 'f a (213) :�05 -�51..1. G77; Souih',Lalau ette Paxk ft'ace Los Angeles, CA 90017 ' c f i ;tuna d ,J. Guyer, -Pre"sa.dent t ` lnvesti6it irjvi'sor Pension,'Inv'estment Research (714)`t;41 E4- 10t'i �4s F;Scher Avenue j Costa Mesa, Cif .92626 Eri}t 14. Lund qu ,i at Ac-coiint~rt 'Inaestor. 'Cert:ifl.id Pub is Accountant" , F In.Lidi~ Pt'�.:fecssional BaaiYd�nct. � I i •, , (77.4) 842--B8:19 :,• 18E52 Florida Street,: Suite 290 ' Huntington 84mch, CA 92G48 Guilliimi7 M. Torres Pr r (714) '84Et�-0227 Serxot: Corporati.cin 7575 1•ra4nolds Ci1:cle' r' Nt:ntingfon Bc a' c-h', CA 92648 J' Dr. Peggy I3asst�t:t Church ref Relig-.%ou5 Science t7irix trey 2223 l_ain. Street 536.5150 Hur.t3.ngtun 'Beach CA 926413, _.J f Roger .Worn; General Manage.r t: (714) 960.4351 13untinc3ton Beach Co ipan,y 2110 kai.n• Street''" ' Hunti ngt of ri Beach, 'CA 92648 Thowas, A. Greco La.,oL, Greco tR Coag Attorney, at I,aw 19 782 •MacAr oulevard, Suite 280 r: Irvine, Ch 9:c'-'714 18811 Huntir:gtan Skeet. Suite L-3, Nuntinglm Beach, Caiitarnf;a, 92648 (714) 848.7262 Pico a N,). 0'362 942 4/85 Page 4. .,;s. tfir.' �: ,' :(.. 1 •ir ,,, �, ,.1... ,,, / ;t ,,; ,7,.1r. , ,1. . ,l.i•�.k �4.,r:F. t'►Y :r (T1: i`1 ,`r. It '1` s:•!1r'r t1/It°.f2: :!' .ri! ',; �^,7f'C a•i.�;P,t,, r' r:lre. .r �„c�.G' �. 1� t'`?�:•.`,i.;F,IS, t. �,•(' 4'. • (( y,' i � i ;",'fit', .;t• :h �-I'>,'1; ,#t,: :i•t a'.I !� 1: a r. 'l 't".�� �' .r. •'��' ,: l '.l; ,a. :Li,' 1 .' r�•. 1�'�'t tt t• �+4 r''a,`•ir;ii.f .t�f' '{,,: ,p• .,ji.,firs f t. 'fr.�• r 1 �,', ,(, ..� r•lt,. J; 1 'i{� ,.:.', ,fir .{ ,Xif ''➢. 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I 1l i. i• 'a..f �: �., , rl,1Fi'f,i�;' :'il., ,f, f':ci Ai{ 'i.�Lr;. ,L' •'I. ,' ,1' 'i' .', 1�'t� ,,': i� 'rii�' ,r �( ,�., -L ` ,�, `fr,.;. 14. h rl?,� t ,.'rf .S' 'lily,t t}:f ' tl��,,• t 4•t'4 +` •t, �r• ,� ,+ i r.i' r -7 ''{. .!t 1',• •(• t r •vif,� '�.r, .� ��' '�, {,`1,.�,r' a .�':.t{y •r.�, j r .,,' I, t,t ,f 1�1/,�t� ,. �r,_ _ .. '} •�') ' t'•.� 7!' i>,• j{t.'r '7l •?,rll .{� t� ,r'� t r` .I}`1 ,r t ,rl F '�, 'l� ',' t- l •t• Y' {�4s r.a,, (l i ' 'r` Fit'.,i�11.r•,%'�'%{S.}1,'S t �+/i 1 � �{' i ., t'• �: :l( r ,1 S' F, `� �� r)';'i }�, "t. �'t1!A.11. ,i�,,. +'!F, r '` 1 Vli �.l.1rr i- 'Sr' , ,f (((dir L ,�•. ',� `,� '��r {� ',! r ' .�.��.,'1�1�;17,, ':rJ.`wM � .I '..t�/r!� rfl .; is c`Si f ' .. tf.,, y, t.r li i '{ r _4 1• Cry (�.�,t '�I' 1 %:'14rr l,[/Y,IY ,n-t t f .f�i! ,- { i,;.(! , ( 1 r r,t { t `•I. r rdf'7,t�', .,(' �1 'I. r,r'.•t 'r '{ .t. � 1,,.. I !{1'';} rl�I,A r.l `j.{ �r'•• / 1, ',, , .1, :,•. e t r. clrr ' 1 � � 'J} It11�y1}y, �}� '� ! _.(�,.,;.5q'(f•1 7��✓iF� ( r •L!. 11 .' 7 r .i ,';`lt �• !, 1.'� !f' f •j. ! -/ 1,f , ,r r', r ' ' ' 1 ,l,�n l.�� ,�)tir�l tn.r/�'�. ;'t1 ..�"F •�.at tf• tt'�1,''2 4ttf• `'�.r, t1, r 7.i.0 ti. ' .l,i{, tr, '1•• i .� t `,5'• r}, .1! t al i '.,t •, '�y' t�11 N/lad, r^.M-:,• a.d....... '�51 ar � ..,� ,1, r F• f � i r,l� r , ,1: t :�,�r l;� 1 t �l t5 .'1; ,i�. 1 .. r •Ni •,.• ., li+ �1 ...Lr,tti(.tl: �c : ETTER FfC?I�A�S,f+ltlC 4 3`4'0LA�►IPUV0AIVE�rNEWFORT 0EACH,,CA11FORN1A 92660,(114)052-8600 ;'? : 'iilAflL"•�FfMRl/I�'YMtl�11C1#FIYit9Htd1�1M74RiFi�'�R�IPlirpil'IRJCCMM7NIllVAM7R7771Li1a0i01FfJlAti:OrLAi•`d!"J'li7lY!AbEll'N�if1M'A'r1".f�.711Yifu�tEd�C41a•7rx.=[!Y►UYt f t� ... !RI'�A�IY'Fli il01 P,uqurt 12'2 . 195 Stej)xxen .V Kohler. t sr . C6mmuna ty 'Developmenti Spec:: list CTTY, .OF .HUNT INGTON BEACH ?000 Main 'Street ; Huntington Bez►wh,. Ca �'2E R!�: Talbert Beach Indust iA.al P-arced:' Pear tor. `K,Ohl er, t �t7e ' have : reviewed our letter of duly J..? , 1985 cikld hereby of e`r' tea increase. she pr' oposed purr_hds;2 price `for `�Ohe Agency' s � �arct~1 : r, . {) 000,.00 . j a7 i .;Very � 1, . ., ` � �• ' � I '' '� : truly yojirs, ,•r, ' r � rj' ,. •,, ' I'4CRSRT'CR HOriiES, INC.10010 00, 1� {I ; FC.� S L'sS Va.c . Px 'a.dent ;; t r, C6mmerc "al,j`..f idustrie,l Development FRS:c 3'. + . Dan B enncin 1 • I �, 1. 1 r: i, 7 'l ,'1:,, t t'r .. .r '1, 51t .. . t,,! ,. •'� II ' ' i �, ,i ' ' 11 �!t`I • err .` j , - ,! . . {t, tl it rwesem-owf t=j�1rG07RlAM*'11 "irf>r1i'1 !MMlAY!•tNtT)Mli�! 4 i r..53.tlr�;l'(,i. f.','fi' �f I(1.1'1+ •.l.j; ,rr,..r�../ „ly r. t •(. - (•C 'i t ''t'.t�' h' S'i: .1rS..,,i r{..1I1� �.r,r,E ! ) !.`r-..�:i '�`i{ ' tr 't�+' .. 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' .'t'S •�, • r." �>trl� 'r• t �' / il4 I :t}' r , • ,) ! , `' it "Et' 4 \ ..rl } t �{ ��1(v.' :'1 f •'E r�1t�l�('r r; ,t� 1 Qll�tl •/•'i• `rlti�l; I .',( tt( •j••-•; '•1. if� •I. 1 I' :�( , :����( } ,�f f '4'�, r 1 !(,` tt �•' ' t" � I .' ,. 1 'f (. rt 1, t, � ` i' �: '1�.`'• 'J ,}t �f/•.t ` t'.r ' Yi l•..I�-.,1•. (,d,t t4, t >. 1..1 ,1� r)'1 It) •,tI d a `' l !,,,P„' ( �,' r •,, .t �' `S:a` �`? rr. + t ( / 11� 1 �'f' ,'. '1' 'y� 1 1 r, .. ',1'. ;, 1� � r.� It f•�.,',��1 r t 't�l t 1. •// ( � ' �t 1 ;, "- '" .�) � { ,t•,, •r 1 1 � .•.-�+,(i X!•1•+,}.:f....:,. 4 .�4 {1�: 1 t*1e(! t1. ('•ttt `�' Y I� ` �' It yt , ')� e. - ', r ,,i 'lI r, .! I / �"a'j •.� rt,'+5.1' rf1v1��rf`}1�1 tlk }t•'(.�^�,,� 'S(111,�i 1.1� 1'yltr .'.t Y15 ' r{' ' .r•. .eitt ,{t. ('' ` , r (1-t•, .t/ l �{ f, ;t It-rr ty .{� .�it }r, .I�}�`�{YL`''iIti,r 1�.4ti.'w4•tti')�. ;�. ..-.. `, I` .J.:1, .. ?(t.�, .. 1. :�(• v(: .�'� , •l � �,�r I .. .I.. f:..it „ r '. .. .l'..'.:O.i." 1ACESETTEWHC)WS INC. 44 CAMPUS DR IV'.-NEWPORT 8e,kCH;.CALIfoRNIA 92660. (714)852436g0 '`�'' lS7tC:••.'t.!��!'3:Tf�AY7R'�'M:S!f'5Rvnseiv.�x"�'7/YCAxix1Mf.Mttfi\•ISGVX.kt;YAV.rxsy JlUIY.,'t3'l1s+WL�IT.Qc:tY"iT�.rtA.L.'SJ:M�Ml'Xs7 Y'A'+P.1x.T.AS3[7lflti0'.itt.Y,RCL•.t�+ltit"'Al1t1fa7W.�f`.Ys7Y.�pGdf'ra[vitzsO(.I tx:tTtl'�.71ta"t'!)MY�it'.' , . .lian irenrian, 'Real property Manager t ',•'II� CITY. nI` . :UNTxNGmON . BEACH 1 Main street Huntington. Beach, California ' 92648 Subject: RbquesL- . for.;Qualificat'ions/purchase or Tease Bids Talbert'-Beach' lhdustrlal ,'Parcea Hui'itinton Beach' Rede've lop.ient ,Agency 4'' Dear Mr. Brennan: ��.ticIore are five copies of Statement of• Qua,l�ificaticns asii: '$lci for : the . purcbase.'.•c . the A.gercy ' s five 'acre Talbert and Beach industrial parcel. ' ' When you. hate reviewed the proposal ,'' I would appreciate the E� dppox'tunity to meet with, you to discus `the prejec�.:. Sho'lOd you need ahy . additional information,. please do not hesitate ,to cull . VPr�i truly yr�ur.s ; tl PACESETT •",HO JS► N ' Ste 'en F. St't'rau;�s �►' Vice -'1 Pre s,'"tden•t Commercli'OIndustrial, Development. `I sTtt s ciY r En d o ia'reE r; 1 ■(j��Q1 1�7\ KNfrxtUtL'7'd1•'N1C�R71S'A�e1NYSYMtCFiCA+ITRt/L.`C':+'!►IE"AtifSttMho.7,Y.VaI.:C•�:1.i1':'i'L43.tR'SSf:tY�:l'1 Y17::7'19'.i!'Zi�•:�'++N[}Zf/:(R:.`1•Y:t'I 1vt L9I It'.1 n v,7 .4-rim1,'� i r, j 7177�i� Yi eat( ol"Ji C!, it lN Wo. S A R Y I N F 0 ,R ,A A' T 10 N'.,' Af MELOPER Pacesetter .florneso', Inc . , S i.,.a Ocmente Development Corp6ration ADDRESS 4540 "Campus Drive - 0. NeOport ,Beach, &.I if.ornla 92660 CONTRAdT Steven 'R. Straussr Vice President Keith' Cbol- ,,,Assistant; Vice Pi6sident xTV MEPHONE (714) 852-8600 I URCFI'ASE :P R'I'C E' ' ,000 .00 D $1 , 920 See S' ctio' n' ' T' I USE Business Park/Ligft In"dustria' . 'See S e' c-t i o"h I COkPLE TIM, VALUE ,$5p'500 ,000.00 See Sectiob I , t J.r�:� s=:r ylrr'ir.ti; '!._ J. �J ,t. :}.: lr,:'� '.,:i'';t' �,r- ,',;•?��"r.•:# t •,;, '#";.Jt •',. ; !,�; .r r -,;.r'"f fit:' `' s`F ,t' J{i.'i r. ���i,j��5� .` ,«,� •t�� ��4;rtf ���'S"• f. �'«' ,{. ;1f It t ,�ty:, .S• , .r .��j• :! J' �7 ,� r - / �r t .f, 'j7 t{.• 1�{,�?y� ;, � " 1 .�'/c.,f � .�,J ,. (;+'714,- 'j :tic ' a; r 'yl. S'{,'.f�7 J ,, ,J :J'•';i '" 'r,l' ;•tl"'.i. 'J �l'•r 't� •t'ti" •F }.�r 1 '1.;. I. 'y. •/. t. , _ .r '1• "�' .1� J{', :1 �L' ,l r •�i :.: .i •', �'� �• ir�f 0, ,"':r"7,� ;jll Js,���J•_l=!t=-f'�1 IF',�,` 'i' " �''�!' , t ,rr• t ,. �: .:[ « ;tr" ,• 1 ,j• ,t ,3 r'•ri� .ji;,'SJ:f,,l?ffJ{ ;�f'-}- F, ,�,<"�.tirli Jl�i'r'r i'y��` .,fi' {�"., t, ' t -, '.1J _ ;t1'. i. �.:,' �J.' '� .rt. �l'•,�Y. ,,7 �ti 1;: �J'AJr� `a t f ''{., r .rr,,ii j 1 A r .'fir. t • r ., r r I 'iy „ J. C=':J Sii/'(,�'j tC � r�l'• J ',': 't't .rl '',I y .; ''�' fit:'t'. ., t (. r L' .,' „• t. „ '�,.{ " t5 '' �,•r 'S, „ rt•R.t'!' `�j'i_t yr�-iiA},'`!{',`a. ,r�: , r { 7- t ! � `4 } •c,ly.t r.. J ,1, ,y 4,.. �,, t y � ' .i .. t:.., ;,'.t '• - �1..•.�'• • ( ,,M S';��'l.rl-t',',', (r t! J i 1 fir l 1 ! •I , � �.. 1 �5.��, , � tr..'�ltir .c •}IP �U llrj. ♦ai 1, 3. �� �l 1' , 1 �•'.:/- .j 't • i.t3 {. -. ,�� t�;..•( �� ' 'y} .� - t � }' , l J ••���. ➢ ,1 t, {. t ) r i• t.�q�' •' ' �'1 �. �t'l•� + y 3' .�1 �'•; {tl` •` ( ,� JA,{/ lf'y:la '�'.t x.•J.,F�I'':, y it ' rt I� '�,' .t. � ��A ,�+.•('( t '' I�tr J 1 ' •.JI �1 t ` .{ 1.�-. ( ; �I i�i'�A'J',+• it �+," 1r��l+ti"'•�;�� t)` a�,f` rl t'`7 )i•S:[ t. •r. 'r 1 'A�., z Ir� +_ ' i'� - '('kai Sr, r' ; +,. S, r s ,' r r;s< t '` , t a):'r t' 1 . 1 ;;�, it f• t J;irJ,'r hi 1 F. ••J'. 7. �{ j�a •J 2' , �!V Y, ' + ,.�. . .1 .. .. ` .. '� ' •. i ''' - '' �J. r .` 't ,t 11 'I �y;,y' "+iytFc`r ?s , . tj'r' 1; ',:.jv, ;` J t rJ ; , t: ', r t i i ►��t'.A, F' r i, r (tt.,-,1,.,,f't !, r ';�p�•r,`i'ir +. .IF t 't,y. ', �A,/ :r' _! •, •, n -.t.' 'l�'. .ty t.,/� t .s• ; �� a .{. t r•� � ,� =i •+` ,f',,f.: ,s 'St , = t h'.'h: '#1:^r.b .r.'•, .,J. .rt .n- ,t l t, + , ldw4J(i-,:.,c J� <i..:uy�..tr.t4. ... '1�,.,�1'...U• .. .. F �� . ,. -,�J. :f'r t .1;.1„ .;`,.. .,�. �1 .. ._. .. '.a..'1. .. _... - � .. i'hr4a,i�'l•J 1(I�t SECTION I � F. '• :�; PROJECT `DESCRIPTION Area demograph its and: bind use indicate that, the sites highest and b'est:'iuse is for light Industrial development. a We would 'propose .to develop "either a' multi. . tenant for lease , bus3ine s park or. freestanding - industrial huildincfs for sale. • ;, Conceptual site plans For these developments are enclosed. The mu lt:.i-tenant d evelopment shown on Schernes A and C - '.c consist Of'. tenant spaces of appro:timately 1', 200 to -3 ,000 square feet. The". units, contain front office area with the rea.i: 'of the unit being 4 ed for warehousing,, di.straibution ur .light assembly., Thie muit:i-Ltenant units . would'' be offered on a for lease basis . An example of t:he freestanding industrial., buildings for sale is :nc��u�i� 'on Scheme ,B,. This type �f ''development wou d provide buildings from 'approximately .5 , O00 to 71 500 sgUare feet, 'which F ' wouId be offered - for sale to users . office ' area would c6mprise :i0% to 1.5% of the building with the ba•l.ance used for industrial., !„s, {' purposes As 'sesult of the relatively small' size of these ,buildings , . sers- are � eneral'1 limited to distribution, assembly and ;;. . tit g y . . .� , . a;-ehptidEig. The small building size normally prohibits economic rY manufauturi.ng ;use. s }hese land use alter'hatives can be computable with the ;! ddjacent , ;eni.or cici JZens housing through the, following .controls : 1 l .-`--- -----' �.«...•�a,.4.a.aawtr^:�t...:.r,�.tif.i'�Sii�l�ir ,W=�,,, �.�}(it% ` ��.,{. fir. } .c ,,a��,, ,il. ,tl t t. .., ,(f .i; .•�' . . :,i, �: '}r1' - `.7 i(�Jzj�¢�>,.?t�ItV v ;� _! � I;�i'i:`, ,i t. },f : .Yf�.lf.r. . 11• �, l .�� '1• rr' � it �' �` !1 ')` i S .a r! r.. k. .�• ( ''5 ��,, 1_�r ! r/. .Zil ,,, is ,- t •. ,r "°'/� rr r x l(� .F. •t t•t, ,7 �. , :r , t I r,/,.'' ,f ,/' r , J<' 1 � (.`1} r r t5 ' }i.1 ''S t! (t t (}:.i. 1' ,! t t 4 -fi f•+ •i• '� ! , r ••' ' � t 1{` 1' f Ffr}i r j, - it l 1 ;r. •tj �t t .{ 'r. r';.; 'ff 1i •� +r11)�;t lit,,. .� Sj'. r •'(.{ .+ 1.• ,,'� �. ) r 1' S? rUll�i ' r t o f .1 r t 'I _ ;' ' ;q�'1 F Ji,)y <r t ' i,�Y f'r ) . r 1 .! ', , !'- 'G r C � ,,•.t +,'! � '� ,'f'���)i 1J4Sr`'A t /i.!{Ji•1'r rr�1 '' •t �r f , i ,{r` ;'' t',� }, ! , h:1� r� � ,F.�., r• ��� �1f`.} f�tij 'riA' r:f { '' •' r ' � t, ,!: •t t` .1. t•`, 4; •.'rjjS`I C,'t�YtS�I'T •rf �. .�.��.? !. f��r•rF r ' ,ti t, r '!' ' } ,1 (t r .t r '" b nj;!1 p.'. wl•(+.f:�, Fi'; j, ', < .f.il';• - lr ...' . . .. ..:,. .r' .. ,• u. .,. ., .• ... ., ..r �J•. r . •tr• .. ., .r •r-.. . .•t ..,., r. -. ., , + ,+ ... ., l,a�..;�".fir J;'ttA �. 't• '1 t 1 . ' Uses which' would create noise:; and/or odors in- ,f �; compatabie with ttie, 1housi.ng vaould be, pr:ohibite'd by' recorded `�J' • CoV6n&nt'1 .i-Conditions and ;Restrictions The. recorded' CC&it' s could -be ,rnade' to ,benefit' the adjacent property so .that. the . owners of 'the housing; project. would have the right to enforce ;the restrictions �"` ", th.roitgh civil proceedings . ; r� 2 . Noise would be r_ont.rolled by noise (decibel) restric;ti`one in the CC&R' s anel the use of , concrete. tilt--up '. construction. .•mil , . . . 3. In the 'case of Scheme "C" o we ha;✓e provided a perimeter, road which allows the apartments to be visually buffered i ;by row of parking and landwcaping.. In this sch4me, • truck doors do not face •the ' apartment project. However, t:iis scheme results in a . intense use of the land thereby decreasing its value. The- table below summarizes the l and use under each ' L,.1 . . alternative together w3l th the projected finished (assi ssor s) value - of the biro ject. Since the sale �rises of� the freestanding units (Scheme", "B" ) 'would be considerably increased if the users � could obtain" fixed rate bond financing, the 'fi.nished 'value for these units a:re •shown with and - without' band financing. Project .type` Assessors Valuation With Bond Without Bond r Financier F.Mancing_ r > Scheme ,'Mul"ti Tenant Industrial $3 , 000 , 000 $3 ,000 ' 000 741 6oO Square ',Feet Building Area ' Indubt•rial Buildings .For Sale $5 ,50Of000 $4 , 7251000 J 76 , 200 Square Feet Building Area 6heme' Cr'. . `i5 Multi 'Tenant. Industrial $2 , 300 , 000 21, 3U0 ,OOp with'. perimeter. "Buffer" }• JT11 .' 70 , 900 Square Feet Building Area .`M.i.- -_I:� ____ __ _....__. .. _ -•--_ r .an. ..v1 r..M1w1,i�.4. •,�gs'kGinsid�['.:r�lr •rf -v +' ;-777- 74: r,.....+...' 1, f'° ri- ,t.JV,, ;f 1, •r ..1•� i /' .r• ,Y` K. ,'•t ! Irk),4jr '�' ,if�tajy�. i•�.1,1,• ,•.5,� •t. (. t. �..'t ( •ty ; ,; t- .�• '' r;�%f t r r �1+1' `� ' � '!r•. .•1„' fil.t �•,�t.>t +, it>r'I.TIr:.t(�' i`; s.F'Ti HI '1A,1 'R�tt�' r F.r •' t .,:.1113• ,,ti, '1' '•°i�`.I!{ �,' ;r. ,. .l' ,`!, '•1 . '•l,. f' y' 'f_,,•i'' .S 1 .t,s ; •+`. .;�• '�',���f*4,ri 1 -, '; f:t1' I,.{,• 1 t' .� r' ,li: ''1� •r, .t� ,•1 S4!/. , j•lR�tilts,er�..}••v• 1{t tJ,''i ' {'rt t'.{• t ,+;'1 t' r r1' ;t' ar t .a. -t' •,•'!' •1': �•1 t .t. �.. {." :,�.1 �•, t{�!'. ,{yrr:f?;1?�'�t� .'(J.' :�!. 9 ;;' .0 '� 'r l{t 1' ( , ( r ., t .II �, �t � t•'^'rv. .!- 4 ;7,`', ;r1 . e rt ! �l S / � ' fir r•• , 1 '�•'� ��1 1 � t', ', t i `. .•. '�tt '•li��y4•, r 5 l���IV�:`t,� .� ��,�,,'�%tr{-` r t .t.• .'r ,t'. ! •,., ., 1 ;, T � :r`' � , i !+ I t r.,. 1 i ,� .' �, J• Fl, y�, ''� ' t •'f ...r,! r •''y f +1. •�' t 1 � f � .i�r. i t � .j E�.rtti ,v ., .e '{f,i�% ,,•,1. 7{ C •\'�.j tl.i rr .J,f�',jtYJ fP it �• •r 1 {�� V. +Ir.. ,l Irr 12 j'1`v ` t .`jfl�• (,}� ) + 'i ff tr �i r(. •i: ��li• ' { rl.•r1., 'ft, 1 .i +r.. •1 t ••, �trr'...�•. 41 ! ',r�.�; 1 ( J ,1.: ' •11 -r ' •9. ti� '!'�l.l't S 1 It �rrl• � r t' r t�` -1 '� .,.1, r� ,.' i �1: 1 rl r r r 'r��. �r.r I..'Y�,f: 1 11r lf t, X)y l � t! iXt , r5 ,1, J fJ � ! 11 •!.1 ,+, j r •�' ;i� ,, t 1 r�"',+S`il �'�At.1r 1� � 1 'I ..f r 1 •; r f, � T ,f •f•J:1 �.�'! r fla...M.,fvv hri..i r ,. ..r_,1l.( +y��� .!'...P'.•1.v14f Ir )t`i.� `r .. !I�r'. ...7'�� C. t ,, -t. i.,. �� ... /. .. �A•1:'.r• 't�'•' .tr r ,t. ...t A'r. ..L.:.y�.....,,,,. SECTION 11 !1 PROPOSED t PURCHASE PRICE ' Our,_ Qkopcsed purchase• price varies with the development pz'an i f w, 1. r to be eelected,, by the, Redevelopment i�gency, and :wGuld be increased it , bond financing isi' available. Scheme ' Purchase Price Purchase-Price' �: : Development plan ' with Bond It'a.n_nc`iny without. Bond �'inancini� A $11425 ,000 ($6 .50 SF), . $1 , 320 ,000 ($6 . 00' SF) B 51,9201000 ($8 . 75 SF) $1 , 700 ,000 . ($7 . 75 SF) C ' $i, 3000,000 -($54-90 SF) $1 , 7.06 , 000 ($5 . 50 SF) Purchase Terms: We propose to, purchase the property -,under ' the f011owinc . major business terms : f{ 1 . Length of escrow: ninety (90) days 12 . Biayersi, gortingencies MI a) Site plan approval by , the City of Huntington Beach b) Tentative , subdivision map -if buildings for sale. ' are ,develo ed (Scheme B c) Approval of soils tests and civil engineering r study d) Band. financing commitment if the agency wishes, to pursue the nigher 'purchase price. ; 1. Rl'7ir�r Ar'R11f.�r�'AIRAq•''�i+n�ww.ww�-,+-•:•i.f :1���' f .J 1' ; ti. ..`_y: ,.�... •J /..: 1�r •. '� 1• o_. � l r'(r } !(�1 ;} 'V.r t L t t , J :.r: s } f .� f11 t�. i ` 'i' ' •r1t: {' �'. �err ;j 'Jrr + r', n' :.�• i{''•'�1' t. .� I •,'•t �.� ''r�,if,1' r` S..' 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' ,ti, , +.. ,• tr, t'� -t ';} _,� tl, Mr r.`, rlji; 7 '�, ( 7 .I ( f1,'. r. .t- �� .,, (j F'• I i..t'!T, (•5' ' t rs,'+,'; ,'rrp-I•' j { ��t' ,�T• N t .•, r r'�' '! { ,, t •! 1 t. :�l, M.1'4.. •�T. .i.J s :,fSy�� �'�j1 (It •',Ii •/ ( i', 7 y••• ( r } �1 , 1 it•. {{., X• 1t rr `'q r I/�{(•�l r.+ t ,t� + [ , '(% :f �. `, y f' �' r r i:.( yJ t. (J 'f`� r ,�.I7•J', S;��',y jS,., ! t, i. 4 ,� ,, f i �t, ': '1. J�+,' .r'�'L � r .{' r - ,•,�' +r;'� �r•l. o ��,ti(oI�'y'�`�y6y��,rfC'1'1AF j:Jrrf(tt��ltr 'I,tC+� �'1 ' "r it r .'t•: t `+l t. =,1r „+ rr r V t rr;'4e•{ •�: !,' tt,' 'y.,l', �.l�J; r t rytr '�'Yuv�i'�:j'�, 14�(.,f{.i�i..c .i•1•i. i. 1, ...: ..(C r r-� ,'r t.�;ii(''L'!:.'' :1't• .1';. rtr; .IR, i.,.t ;lir:. . '„ ! r_. .,., 'i,S' .. .. . .,��.7. .. �� .r.; ',.:+ � !t ...1., ..t. ..i, A.......J',\3. fl it l e report,. ,the above have been applied. for, but no't, yet received, the 'above escrow tv be extended for an (addif.ional { ' rii.nety (90) days ! t r ( I ."Payment, of Purch5e Price: Buyer shall make u ,non- xefundal�le deposit of $25.FO0041 00 upon the execut•.ion" of- a ' sixty r (60) day Occlusive aright to negotiate agreement. The de' osIt 4, shall .b' applied to the .final purchase price•.. The final purchase price shall be, paid in cash at Close of escrow. i La { ,r �/'�•'j,"`t ':r• . .t`', .. t .. �. � ...1 ._.- —..�irr��IitaYl�idilf 1�'_3ry w,:S "�r� ••L(Y1L�X.flrt y� [ )[;[N'yl�Jt�., �t '�17�. 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',r p .t l:i yfr .f' f tl /L. •' + i! � ! r •� ( '/ :{• 1 '!)?3 }'y�"r'•.f'${Q� tt'r:'l ,i>�'' fi ,!: .�„r��},; i .} '+' . 4t frr 1Ft �•x�•� y �I,r: '!r •"fret (t^"' iil p.: rt r J 'j ,i.f. J}•l; .':,.rr•' 'If{;, I•�+ 1 Wit l;�r tt + Y• ' .3 � ! r,•r , ., + f S1 r •S `. i , ,f 3 ii 43 ti►' SECTION ':111 DEVELOPEAS Q IALIFTCATIO IS' t ff ,f 1' ' ' ,' i; I fy, } ' !• ' _r , ,Ir ! . i� 7't • ., } i 1 1. t r` r.y r tti .t . -rf r ,. e• I r i!.', ' ,•' '• t .. This 'prppcisal ',is si�bm3.tted key .Pacesetter ,tiiomes ; 'Inc , arid' ` Sxin ' C3 emerite Development Cnrparation; San C eme'nte �Devel'opment Corpo"i ati.on� is �. su `si:diar of San Clemente `Savings 'and Loan Yr ,,Y , Both .,San •Clemente Savings I and' L6an'; acid - Pacesette,r Homes , Inc ,, ,- flare ' subsid'iarids' of American Pacesetter, a public 'corporation lis*:'ed • i on-the Pacific Coast Stock Exchange. A financial statement. for American , Pacesetter is attached. ' ' Over the past six years , , the IndustriallCorrmercial divis.ian of Pacesetter ,Horne'sr , Inc . , • (Pacesetter Business 'Properties) has developed projects with an aggregate value of. $40 ,000 ,000 . 00 . (' :t Pacesetter Homes has developed projects sihi'il.ar t'o the proposed d:jiVelonment ' at ' the Lake Forest Business Par} in Labe Forest, California . These include. 12 freestanding industrial . buildings ' totaling 112 000 '.square feet and 'a 41 , 000 square foot multi-tenant park.' Photographs of these projects are included together 'with a ii.stirig of other recent projects. We would be pleased to 'take you On a . tour of these properties . Sah Clemente Savings and Loan was purchased by Pacesetter homes , Inc. , in .June 1984 . In the event bond money is not AN r available for permanent financing, San Clemente Savings and Loan will supply the .necessary funds. t , r. ' t ti b Y Y A p�} l r �„�y'�_Y�iti } �+lE++ r + tt; I �., r , +• i � rr.o'. r. .+ • ,t,�`. r + 7 i1 P e �'• r , 1, ,. '..itJJfl t! `t1t', 1 r• 7P �� � •' r , r •, _ • + i , ; r,i. „ ��• ,, 1� . JP�7Li'�Ptt4 { ',;rlJl',+, P ( 3 �' ;, r:i ' ,i r .• � +• .�' 't � !.�` �, /'L}r 7r:,`Si:+.'r•' / P� 7 ,-Ir � , .., +' ..r ., '+ '. +' ' �MIlF •' '''� Y• r + t ., �l�:1?:'{:',` : S ;Jf ' �•Tl 7{ :� tl •1 �' •+ '° (1A J !�• P' `,+�j � . t 1 •tr t J Cyj 1 �+r + jai4 rlr 7a1(t r, � ` � � �, � .. � ,. `' r;�,• '+ i f 41r �'.�:'( ,JJ }:+jj i�l�l•rI',}r +�4i r� + � .d�r `.+'S,f• 1 , I + '` i ,,,i i, ' �r! .fP'.try` l,, '+• :'• ,ht•57��.; ;P'`/;tir; �11. /i{it`l.16 1+I J{�.:r.f f P'. >.A ;`l•`2. r, ++ 1�+. �,r.(. , .r+l,< f P:. - . f...l�� ,•... .`'�', , ,rt 1 ,1 .i•. - ..", �r Paucesetter Homes has ,. extensiye .experience 'in, tax exempt band '. fingricing: 'We have participated in tt�e `fob Lowing bond issues: City,:of Cortina .Sings l.e family . mortgage revenue bonds'. County,; oforange -=`'sizigfel family Jmortgai e ,�r`evenue bonds. t! Grains., Terrace sing16 family mortgage 'revenue bonds pity of Mrorena . Vail ley. - sih" le, 'femilx m6rtgage-1 revenue kionds }CHAflr A vara.oias areas 'of D.range' and man D"1.ego Counties r; We .liars ret°ai.ned 'the. arcl.iitectura.l firm bf Howard rF Thompson and Associates for ,ltznd use l.anning `and project � � ;,► arehitecture. This firm has compl6ted many similar projects throughout Orange County. A brochure describing their firm is also` enclosed . t + . ",j 7 P i r r ' , ,� ..+ v t y ihF, , 1 .1 .. 't`.V7.• 1' .. ...Y ..,. .. P'..i ; r r , � P yy :,� 1, •ti � q it r'' , ! •ti r'a;� � ! '�I, i ,P �,•, � •!� r 'r 'k�� ��f,r,��i;'.1 !y'f ,j;+at t �,f,l' a ,' + ��J�,'�•� ��;..�'� '.�1�4r I ail �'�. , .f } a•'•� .' {'� •ir. �',�" i. +�' rl` '1�, 't t�.*..,:,�, !tA„1.lfy �/ •1' �11ir•' ?Y '• l'r 1f�. 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'i '. .'!•� ,71. , f .1' '.l.. .+ .,{, 1. .• RF,1�. ' ; tat F1t�`i]dit�q area}' off ;1 , 4A►:%,Squarer. Felt . fl, r , ' !t 't• [ °�1 !•(°d, �` i �t r t� ! `t.r: V �°' y, ,i;.• :('r. - 1 . •+��� ;� ,ir ' 1 '. 'f` 'i.., 't 1. t. ' �, r , ,. 't..'i, � ' �t' ��� �'�',',.':,t tt• '{, '.., d L' � .1:.;% , 'l ^, , 1 l , ,, ,,.; {`MUIRLANDS ,BUSINESS;':-'ARK :A.TIC�N. •�' , ' t. . � , � ,;. Currier of. l u .rla' ds' B60evard .and Aspan. , 22552 M0.rlA6ds + aul, v��rd r. Lake "D•or6st, CA ° `1i7t 7\ , t t f: DESCRIPTION: �+hree Fr�.estandinc�,t Industrial E�uild}.Mgs `,BU1LDIXG, AjREA: Tota I Builair►g Arda{ of 29 , 868 ' Square.'Feek MUIRLMN DS OFFICE BUILDING LOCATION: ' Solathtaei�t Corner, of Asgain and Mu�.rl.ands 22471 Aspan; Street, • La}ce Forest,' C� DESCRIPTION; Two Story Food Fran,e Garden ,'Off'-Lce Building 3 ,{ BUi,Lbl?iG- AREA: 17r672J ,Squate Feet IOA. ;BUI'LD1NG'' z L0;i`!AT ION � 2481, Aspan Stre�at � El Fora , CA 'j 6ES,CRINTI014 : Corporate Hpadquar: ters/Resear'ch:' & 'Deve?opmer,t. i BUILDING AREA: 19'" 800 Square Feet I,AXE FOREST BUSINESS PARK LOCATION Mmirl ands Wand. ,'span Street 22511 Aspan Street, LVke Forest, CA l DESCRTPT.<M Three i'9ul.ti--r�'ctinant IndustrialI uildincrs tsl BUILDING - A AREA ' q Feet t . !�'.,� '!;P ' i I 6[7"7 i"J' T' '� r r • tF .^t.{('!r.,• r �t ; �Ln 1 1,^,t{,1,-ten-'t* I +.1 t.•..,p �} :[ ..Y t t, 1•r+•a �r ei� �t ,a{ j ;9'h+,I ! 1 J� gZ �-•� '~i'1 1 '� t,�1 y t, 'I, ,�•� .T ',r1' (['•'� '�i f,f�,y1!1',1 y�.n 4 �,��, I ='+ ,.0 y A, •�� FI�� Y1 ,I lti,7PN 1'�y M,it e5 1�1 .1,`fl^:( •'! , 111� '��,, i! t �,�St ..r 4,{ (.'N't�r '� .�4. ,r1j L x!�1" �J 1, 1,A•, Yr� J 7 �;*� 1 r rr t,n ,.Vr r+i` VI � ''(J�, „ .� �•�1', �•}t.' ., I'}, , r.. 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Aspan Sheet` 22535 Aspan 'Streets ;Lake ' Forest; CA •�� r, 'DESCRIP'TION-.' .` Ffve-Twu,FStu:ry,;•��lf `Stoz'age 'Bti�t.li�i�l.gf '? of i1' of 82!6,4n' is ra�riging in ': ire from 5x5 )t uAits. to'• •12x';5 , L1nle8, ` :.,t a r •} ' t(. + ' ! !•, �i. + Ai + , .},+• L.t r Tt + itr 't ' f {t + !' ..� r t `{ BU:i DIt3G.:.,AREA: 88 ' 856 Squar + 11 1 Ir,• s ' 1 ' ��+ ' ,- - ` l))i � + }'' t•t,r, ' t.t ,; '+' f'+' C. A\ {' LAM, FOREST, SELF.�STO'AkE 'PHASE Sr -tLSI., ' t t �};�� `I , t• II: )' .1!' ,y �� `i.r ' 1, ' 1 �t ,t., LOCATION: Muirl. n' ds anti Aspian Street } 22 35 'Aspan : tree ,: Lake' Forest, CA j� REALTY BUILDING rJ LUe 1TA'tON': ' Northeast Co,;,ner bf Lake Forest, Drive and ,+ Lake ',Center 'Drive 23002 Lake CEn.tEr;,Drive, LakeForest, CA ' VESCRTIMON: TS,o. Story` Cedar office Building RENTABT.IL•' 4 , 875. 875 Square Feet LAKE roF,t,'. T• PROTESSIOINAL OFFICr BUILDING t Y LOCATTON: 23161 Lahe.•Center Drive , Lake Forest, 'CA ! DESCRIPTION Two Story Euecutive Office Building.,wi.th Air Subterranean Parking t BUILDING AREA-. 2411476 Squaw Feed VIM) WEST VILLAGE SHOPPING CENTER L OCATIOPI Soutf;east Corner of Mercury and Vockfie].d Lake- ,r�vres t, CA DESCRIPTIO11: Neighborhood ::hopping Center with Christian ' s t a rmer ' s Harl.l�� and t�'i 1-d West Store as Major Ten clllt.5 iw 1•;+ tI r31 hBLE AREA : 62 , 316 Square F bet .,..rvi„ -j+'rt• '++tl !3'.° ;_., q.,7, '!I f_ 'r.. 'ti+,4, •. 1•ye y t 4 't a't+ d'.5) !. .p. lrl, tq' .¢.. •`...y.+^_ ,''': .., ! '�iZ"� .p, {''. (' .+ �t� ';j'{1, ,�4'). r. �V i ,h,i, V�' � .+t .l'i" ...},�;,.. -,tiY'„ 'r'.r•Yi fit. yy', `,k}.n. ,fir �iy7 vii Y. {i t'.} A.. it : l r :' :a I + +},..,, (r ,'t i.,il "�„ / },i;.1 S +L' w' +,: 1 1 hr• + 1.'��"«,i ,.t�? 4 d� 71.`� .•�.: .•,/ M:1" 11%!; 3' 1,. .I ,r'}. �1i'''i, ,, '+ '{ 'li,1+ j '•c, "r{t�'i' . 11 1 f;la„f. y. .y :,y. ,.,, i}' r1. �,i..., $a t .a . .1 i ',� !4 i�.. t t } !a' !. ' r. 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Road.' and T.rabuco R d (' Lake ,fiorest a, CA 'f iL5CR[1?T. , Neighborhood , hopping, Center , ,, ,fir • r- Alberts`on,' s$, Wbr,ld Savings & Lc�ai�, Mobil Qii ' Naugle 1 :t , and' shri�s 386,675 SclU i'&',�'ee't a I;aiii 'Area , :$1 r'983 Square ' et"'o Soi1ding 'Aie '.'7 ,t rj. 7 f s ,'i 1 t i:• •. h, " 1. ' ., i' f. ' •Y; t, 1. d !t THE 'NOR'. H , OUNT'Y TECN-CENTER - ,� { LOCATION i, We3.r'. Canyon and Tie R"' r:'s ide '(:91) .Freewa �,A '�. 11: �, - t ���� ,• ' I-�r .,- Yorba .h{nda, GA '. ,. ,. ,; , t y'' `'•• . DESCRIFT.TON:' i 120 00 care ry r' 0 Sq Feet of T?e.�ear„h '& Developmerit Facility r { ! t Comp3.etion June '1985 SUNNYMEAD' COMMERCIAL, , J LOCATION. Post 1 AvenuP ' ., Sunnymead, California," ±: Retail i Comm'ercial. building with ;mezz'anine area AREA: Approximately 20, 00.0 Square. Feet ; Co'lp3 etion August '1.985 rr , l LAKE XOREST EXECUTIVE CENTER iis • : LOCATION: "2310I Lake, Center Dzive, Itake F0' rest, CA DESCRIPTION:}" Three' Story Executive Office Building ` ' RrNSABLE AREA,, " 46 , 780 Square Feet ' Completion June 1985 0R14UGE IiU81N'tss CENTER LlT,OCATxO:V: Main 'Street . South of ' Collins� , Orange, CA r .' DESCRIPTION: 13 Creesta'n' ding industrial Buildings totaling 1 approximately 90, 000 square feet CompleU61.1 February 1986 K�,. t �' /1r,i t, .l�f�•+ t'' T '� r •7 • } 1 .'[[I'Wy1I�Ir4'..'• d i„,�',':'Yt�,,ri ti1t.,i 4�fi,���7 1�,�'71,,.�r'''r�.,���.,}�r,lo�f t 1,i�t t���d,�'€tI•i N'iJ 1If}����,,li,�iY{ftb 7°n•4,(i 1'i')�.t.,y!,t�iiti tt�+±:.t,Aj.?w.a'1y I T.1 r�7{�l',r���,t.1 r t7 a�''`�7 r�k•y,�. ,.�, �t( y •��7Yt,t'I'�/y�, ���t6��.`.'},f,���'�('•+'1�1.�,�'�1t"'.it'.p'�};y��,,Ip}'I;�f��t yef�1�y'F.••1Nia r•l.����d�'j;!1 f,�r.y V"X��t�1,�rr,<y":•��+''/t.,A•�G,� j r t p�� ,�f 11 $-. 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K t Vit► It Lk r.it11►8.9 w+ae�e!{t l.459tt)C)0,' substantial iasc a ayi r ts� revenuer a [� r ' ' estate market.;ie residentiM,roe ly due o a nu fkx e ; able opwWoria�ahowing a profit of,$L;�156;t10U. (.7Z 'tt c , L ► � ) with a 168i of $2,498,000 (1.1� loss pat`common shar�ti in „ 5 ..:..:1.11•_ �. #ii;11�° uit Ltd 10 cvtuietitive Yi�ars`of pmfitaliility prier to 198x ; � lY . ►,tiredr u irilt�',dur#ngahe first hsrl!a 1$83 bract aiirfr g the nth quarter 1W ; ' irk PAY,�Alel tip ;pVit�►blyi . # 3r 8At1e�Jt19[1.�11ti�an #grow= etxju#i�+ eltixilse outstanding stock . �+ Loan°1lr11s�rbcis0011ir 'flue a+�qui:�ition is aubjer t to L�ederal and Stets w . S n Clemente. If all a ravela are ? +:. �1p ridv r aitd ►pa'o�►'td by.the currea►t ihmbQlders of a ply 'wiH be conmmmated duiin► ' 1984. ` : ft 1963, Fa ith Homit, Inc., had retvenues from'real estate "left e 8,070,000. 'Frets revenues multed from the sales of 341 residential units, 37 improved residential lots, 6 ' For 1 cr+amowrciall lots and I.neighborhood shopping center. Tho Company opened sales'on 3 new nimleratly priced residential 'projects in. 5unnymead, Laguna N*uol (sled Cerl,sbad, all In Southern Califorillal and sales havo been progressing well. We are continuing to offer affordable e d moderate priced housing in all of our now projects. Commercial and Industrial le"ing activity improvad during 1983 with the improvement in the economic and the Company ended the year at nearly full occupancy an all existing projects. The Company commenced construction on Iindustrial buildings, a mini storage facility and a 9 acre neighborhood shoppingcenter all in the El Toro area of grange County. ; 6 h Carly in 1884 the Company purchased a 14 acre site In Northern Orange County on which we intend to construct 240,009 square feet of research and development buildings. The first phase will cummance Io%er in tha year. Electronic' Total sale:: for our llnirrican Electronics, let,., and slll:si[i'sarie.,, operations amounted to 74 4UU i!i. 19 t33 voiI Gus '33 ;345 000 in 1062, A > lroximat(11 17t'fL of tlt(:.r• sllles could bt. �+33, 1,t, 3 � . f I Y l Ident3fiod as being n ado to the U.S. Governmowt. Within tht;s(: skid.- figures, direct sdle by An-tc.rican Elr't;troPic.s,, Inc. docre aced by a lf,wsor i1111u1 nt t1jum th(1 Sill('•:; of its (1111(;troides comp:1-. ! I'its nt ("IMi"i1111ttoil InGreast;£l. Deiliarid ivoflcti,ridu for product:,, silks by the d1l;tribution fll!).yJrliF!rIE,`;1 •.';tiilt('.(t hici{!w,11tt; in tho t1drd (Juarler of 191I3, wid h:v; Jn1(.'ivAfh,,d the ; far in ImI.1. E n;y 1I;,(:1;It1;? t hich 1t'i!.`:lllu1111)' can 13!I !:(7IL`;i'.li,'I!'ii firm 11) Alll(:Iici!11 ::�f`fatlrillC`i, i ! J,;(•„ ;rIIII fl,III P,Inwi I .`,";!.9Z1,0J100 *1t I)£!(;oI111wr "i I, I"N1 3, £);; coIIti•[ s.11 t'.'it1) ii kI1:l;iEir, of ttlll,tlt)i! 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S !l:.lf•i;.rtl?;ii; .. l..i il:t' }r' Yi`.!-jit lilt ;t erj !i, r 17 i ;+ rs ;ill1• )t!I +' it;i tl::'t fl;il,t :f11fr 1 ,.i•i%,t)i� ,�l+,.ii'; l,•'lVl lt' v �;, � 4 !•,' r ?, 1. ;?, ,i t;tlti �ifll�lf.r,. •• ,., r' .. 4�t �'. 7 ..: ( t, ' ri, t' .1' '{ fig , .,.. !il .. �. 7 , 9 i�,ti r 1:+ •-;;lt! r>fit li f� .r yy , � ; �t�. r �°?��ii t,{ *` ! { rtc��l r' •+ '• „ J'I - trr tt r '• ,-/�F ..' '-'�r•�aP- F..t,:. 7�i•fr i t' f•, f rtl ' (, 1, e � ' t. t , - 1 '1; .. } r {�` r ,r l.r •(� 4'• r � �• i•v t;>i,,.- �t',t . -r�.i';,y$� 1 . I / i ,�t t� ,�, t •r , •I,e-q,1•tr, .ttattil3 ,7 tlr .t ,at. t t,tY t t., r `•'•ff1. �(t 4 r1 t f ! 1 irtr.{"• - �'S o � J IL ..t• •!'! r ,, � � '4',�,' tt,•.,'1. ..t yr. '.f Ztllc .'2 7 r " t. , f- �! tt•� , ,,r.. � ,.1' ,� i , lr�t 5".•. h .. •r Alt " ... 1 t • t't' - L.f'? 1 Fn' •a . 1 •. Ft ! r f r I 5 �yyyt�,,' !t �tt` t i' �t 1'} ��t ,1 � `t r t'" 'r•t, _ . .' ';. ,'r••. ,, �`r! Al't remivini PAR !,1•! 1 •i'.'+'t•,' ,{i:' i t? rr t.. t l.. r •i• tt' •S r�• 't t. ;t .. , ' ,' '� ,' ii�rNif/Yli "77 7, cl s, ' .(tba►"fgi�te.�t" or t "Campaay") iaa3rtmarllY aaga8ad )n ti+�o areas of ; . a:• a®d atta;gt' *tittta�r'trwcb�ical.dnd aic*ti�anic camponertt$ }i tbir .r ehalle+ cbampiainafetur ,,'.iy other.(herrrein tr.+iled Elr f_ y, p4d ter ,panMt,of real istatta pr;mtu y fhmugh th+1 bttildiri $pd sale yr r(ar tat of . tt�eiidxt . aiei sand ccmmemial alad,industariial in-%-' ies, ae well as other ancillary activities s iaattl +�tt fr !le}l 16 ryryr] asitte raleo (herein refs ri vd.to as'Real•Estate'Activitles). odd, tic;atx Electronics in ' cum a , '.fipeary'ht a Csili�btnia,corpora.ioa or-ginally'iacarparst�ed as Amb 194s. W pry.butusaw iar it c first 20 years.'Was the manufacture of high technology elegy tarical mutes, f �: > twe bo�►ate lslrtctric moteus, rnotcr generators, end ether specitaltred praddcts fuiyq►it�rec for industry and On U.S. Govw ma'mt. In the late 1960s, American Electronics acquired companies c t l In otber ay" of be akws. la 1970, A neric:an Electronics merged with a home builder, Pacesetter, cvmmezc H=qs, Ina:., and changed its name to Amefrican Pacesetter. In 1971, American Electronics Inc. The ("ABI") (e rww subsitdfary with the original company riame carryirsg on the electrical rrlanufactur- aeroapact; inS op&rrdaw) rt qubvd Quadrant Engineering, precision machining operation. In 1977, AEI ran: pros . ' �uftW Th']Ns %i-1 vTm Elw-tronics Ccrp., a major manufacturer of film surveillance cameras for bootee and savin and. loans. Uresseu-B&cnes a;so manufactures a lino of electronic power } valves an suppiles. In 1982, Alin acquired an 80% interest in The Roll Seal Valve Company Inc., which is t aluminiu manufaicturirg a .new product, a valve with only one moving part. Also ill 1982, AEI acquired an The electronic; components distribution comparty with operations in the U.S., the United Kingdom, specifalixf Aus�tralla, and New 7ealand. , c►�ltltnerc Starting, with ou a:cutnulated deficit of S2,,'f35,0OO on December 31, ,M71, American Paceset The - ter had 10 years of after-lax profits totaling $30,4'20,000. -n 19132, the Company suffered losses Uf {el-.usr� it lipproxinsetely $2,5M,000, the insult of Of,t3rttting It)ss('rt from it;; distribution subsidiaries which r were acquired early that yeer mid the rocording of writedoxviis in real est{lte invent:try c:itl!se l by it rtml entat€�, rec—c ;;ion Ittaffing in 1901. In Jun, rvol v.;1,1t{! Jwtivitl'aa woro I-whiced to vtit flat• it }� Eff{Ic till'rlurolill".I ill that lweltler,'; encl vitelo rovit(lli;re{1 Ill f arkf xflU wll'nl {flit �-1crir•� "'c, ant{:rt�:•t rili{..a ,;}]tan i 1, I;l+!ctr;liti dowil to a irlolo itcc ' ]tr. hl ] .E 1. I! ;.�f t ! l!'" �I lliit Lfil;!1'iit!(1{! Ci-'�)[)I'tt:(i IU;:St:'i �(]t' t�l!` iIC;;I tii:'t:.! (IllilltCC';i Of 1�r��.1; t`t it,l,,r.,;rtttrt it lll,'j 1{:':{];fit`.{ (fir„t;lUIlt Ilofltrl ill tll{i fo lrtli ( ll;irtor to nl�tk fluff a ,�It%itim) trofiri lok I 3 1 3 for t!lr `'F!itf Ll1,!n 11'i it vvil,,it'• Ili{! tcf!'L;rCI'.i'I. lit(1l ill(;!ct ill i'tll� or."[ itioll wlvn pl'lfihblt, till-oll$;11'mit. I1, 1,! {haft 1033, �Z ho {iihtl'iftlitioll ow:y'lI lit r"port(!(i !nIC .. 1:[ '..:tlt.. :St I otti.`r 11IIt,•t+(.flit F'L:.;tiolli( lilt:., it l't tti,tii'-1.,�'illt'{1 ,.lt�i: ]lii,t{'i t,t (111• !'!.r{+ttlr?!i 1 " t i7;231:;ttilfi nj'it;t�?•, i:, t.,)i).)"t:+�,.,j{, (,i fivl, rlj,:'t,tti;t;{ '{t f ;fat,'; t(:l+i'•r t:'!nit,ti):rt�t! ►tt�itt'ts.�L't'i!•ilt; 1 tt.f:i�;i;ttt tttll�er, E�1('•,'fl;l•i',t(�4:tll,ttic,t I tit;:�t1{lll, :,'t';, 0� 1,2+itwit i'tt�.slwv.iI1J." t t -110 f' -:1 i :;, if 11� ltttr{�tinV, :iilii'tiift:'l i;!'i; i' `.(..i!.l'ttt ? S',it. :tl'.?Ili{:'i 117t!'Cll.?ii(ttlit ! i,, 1, til� ti tit. iw:,ill ;'if, 1 'l;til'l:• t'(tttlt�any, hw i'•R;ili !',F•�'.. r'tiryf{II?! iiti tAR1l r' i7tt(�l till' r e„rtt"!3; '7• i ,t ti 1 t t, a li ,�'.. " .1. 1 t tt. ll:'� U1f'. :tii. 4:It2' " (..'?tit,',1•(+,i"• ,1•°• t. tt[t.?� iJ.iit'.'.! , :;tq,'C tr'.I'i7(t!'}ii:}}!"ft( tti �iti•r1i ,i,:. tti'.itrt i1';. :�. t. ;t,t:t•:�I. 'll:t if.. ,t; lt? i('. :►Z'411.�dt'L4 !•t1tf� i2t�Yl;.�iiir'li i21M1•y 11(,'m, .'r f•.l ( l??'Fc1t :t 1 1 t t,• t ,t.! 4; tr. 'f � E S -,�I° ]�i. 1 {..i:'�..slili ,i.i ,t.;. f t• i it �4! ::!if!: ('t!' t{tiiti'i'�. ... t?rti!�r, 'o1.(i ftl„I':r (ii:Al"i(:IMf;,i,i',' �., 1pt,rprrt lt�itl'.'�,t t4y•j;� c ! Itl{...illt,, {' 't '1? t. .,t..JJ {, ' .. ''''�, - , , ..I tt ��.�. i�t �. I .. 7})� S 1'• 'fir !1,l1 '1 I t! !.t tr I } 71 ( - _._...._.........__.,...__......... .e. w.wwe.e..ur ,..�.r.rwv...a. ' .WnY}.b . l.!'.�: Jl.l.f i; .. .i til i ;. ,r ,t 1_ t tr4 + ° ,•+ - !}� ]!1r l:� � 3 3`Mn l,t! 1 tY • t' _ ' j�. r�. ,'�, tl = .1�11 ' - _ ,+ i1,, �, .Yrt r , Y \`wq- 1! + ;.1 , t ' .ii, ,;. .• li `. 1. '1�. :.t.•. , !p'ir atl.�,tl'rj ry1 1' 1 a t ��*' , +=•a ' rt i'rt.� f 1 r t •1 r t: !r t i' !1 � (r .. '�P• .� 'r't,,,,, 'f. It `��'��!!��t,•y i ,q 11 [i ( t t tl; (, •., ,i, rr 1 2 .'+. - ,1 - r � 11 1' • Y ^ • •,' r,� "11� F71 r i1. f[q�1� , , { I r ! ,'r li ,!, -, 3 ,•! t S, t `, w1�r '1liFk.Vi, .� •fC'•'. Y.t.11...tt7 .�r..•..,.,tl%•..3J +...,1 .. . ..ram ..• , ...u. ✓✓1.. • rt♦w....x.•I.+AJ..i.1..li IJi ... 1_.. .. .,. ... ...}•..w t ......., .. ....rr.• . .rfl� ttItrl.SS' » tlwdr 'production.:.Io stile ittDCerri�,' hviwerrer,. nrch',as t11er,ma»lufscture, of AM products, items for inlvenUity and•theia sells idbAtic,al pradiicty:to 'a u�e?erre . AS[ Bales s i 1 t sire" pprnar y�Bid;i6'ft in 102):to;tt16�u.s. tdv ,it t �. + ,prtmr ea b�aii�:` rid t t3S' its 4"2) to'COMMrc '3tt0d ft m! W*'Nm Nvlsioa Orodwmi.s *ide rdw of toWU4 elan-WW ecMpiu4n(ivsed.to plll>til #. ► dependabb powu far 1e rc4flc atpplf titltbs Theme applicatfo's,i'cludel commuriication0 4 riaw Of. SYNWW, pW111fon-8rndind I n"Whin"; MOW hirtrllationai rb#! t ground'support facilities, x-ray sfpt�ptrs►i and heavyae►r�stroctirtn machi ..' ypicaUy; t�iia equipment provides va^ied input to UW4M. i �tiM.�►itstlas;eustata Co,a circmitry and designs adapted to the envirotinient in which As. 01**o-M+r a'Ad laft umenits Division'manufactures mini ature ho.-sripcwer sllterneting Octtr we s in +cutter Md dittsct Cuwrrtstxt rtmtarrt and matny apecchrl products such as precision resolvers, stepper ,*el ,� Metarta, Owyo mtztors, motor tcchomaters and-motoi-' ge•nerefors. Auxiliary-equipment is also rd p furniabod with the mWort, and includes such items as gearing, clutches, brakes and solid state l CMprtpW driAttl devices, Sales are dirWted primarily to the rsophis"cated and complex requirements of r, p t&r Cominame, industry, and the military, including various apace programs. mallubouf- ' The Quadrant Engineering Division is a subcontractor for a broad range of highly complex j aerospaca componclnt;� roquiring precision machining and/or three-dimensional duplicating, Quad- 4 ' Ig77' rant produces lofted alrc;raft structural can- ponenta, intricate hydraulic fuel and liquid oxygen cameras for a valves and other specialized parts from b-Met, bar, plate stork, forg►n8s oil(] Castings formed from unit power �t � aluminium, titanium and ;ileO alloys. c., which is .a i " scgnired an The DrosFan-Bttraes l.IectronirJcl Division manufac:tltres a ivido railge of mandard and d Kingdoill, spt;c h4lzed Ulectruniz power supplies which are usad by many custom-ers for }.loth military tiled Culnmardal Elllp11CfA(u;1.% 1 call Paci.set- Thri UM Cotner: Division rnnnuf lcturl::l a Dne of J biTim and 3 min Plnl sur►olilanccl ctjuvrlls redia1;5�'F of for 11,:11 In balll"zi retail oore,% "st. s wtej-; rent) rr-ntt11:+ anti shnilar estabiltl lulclntr. 't'ile�e rr,." r,urni•t. , l t r 11 1 irirlts wilic,h cntlltl:;tc1 ear0 rtc~:id to distributors. ct(;itl(lr:l ante in both dolll(ll,:tic alld ic:lel rt tn(lrl.t:i:1. t';1t1;14t1 by rl G () J." li for fi ;"! 1'.iI(°(:ti�'(f �i'_)lt)(:t'V 7, 1�ltt;�, 1111 ;1(:(11111wi 1111 of 1111' .'t(?(:1, ill a (:(lmp:illy dell 1'.Ilrry l it': L/llii ili': �? ''• I'.1!'r,tti)iiI(:!i ill�(:f-il;ttit)I11::1/ 111(;., :itil)::'.'t li(11ii11' 1'e'llilill('.(1 i�t'C(';:1.tt:!r i:iG!:tl(1111(:'r ritt .r(aiiti(lll 11, 111t„ 1 « 1 / 1 111'.iInc. r 1 1 .� i , t.i11 cl. i•: / t 1+(....�.•t.('r I?lt�':t11),t.t:,t iltcl•nr,iitti , i 1(;, i.: in ; l ) ln,,�lnt�.:.; r f t11.;1ri11t1t11[t, r-.c:r:trc)rl.(: r:c:I)t11(lltr�ui,r ?ts ;,l;li►c`t!'f(i , t1,r(;tr;;il c'1:r;cr1l�I ;.tt11:,1t1icltl(�:: I(lc;,r.l:(1 li! Hitt ilIttt=`:� :�t�tt#':',, tii{' i�Tlttt:fi l�111�'t1tltil, 111t:r;11'1i1t, i'tlii S'li"t•.' ai t t11t ,tt}�11('Ut �1 1 .�t' iletll(I, ood lcplt ?!Ilt;i 11lJ?1ly (it th" ill!,j 11 1.T1 :ltl.t)t!r:titl111'a of 11j c:t1ooic, I:r,ltl?1'tll!'llt , 11:iti 11;'ittii?111'; it11t1r c11' 11;:."i 1:1' +:SICi 11''r•1'i itI t!!1! 11w.1 t.t't`: 1 t't•t i. �� �'�. ii{li1 � . .!1 ill''.11llt '!:title. .. it i: :tt'tllt",t it111F tIt i'1111'r IIt111='t (R ifl iititlt;i ltilj•� :ti'.�,1(1 ,',11(JIt' t�•t ; S 11i.'y11!!#'tI :ill t�tl' , ilia 'l3 .� i t I 1 lii 1 {"l(:Ct! +' i�i.tti' j, t�::�.�, t':iIt! lilt trtrtirl'} t(j ii.:l1111! t1t:7 iclia:�� IlF ii;'! r: rtl.littltt�.' ''i'1•, . pt, i''1�S�1n�tN'il 1 r� 11�(., t:Il1i [ ;ti f'!1'.'i !t1?Flr'i:t 1'Itt11c, t'tt?;t1.'t:l'. ,;ltt1 ..t'jlt t tttr '('t' triii'�t'1' irtt' t'.'iiillii..:i('.tt ok 411'; (.t}?i ;tt tft 1t: tTA�i � r�•' fif ��i.. t t.�r. t ,1: i •i! 51�, �1) !}.. I..II; r r 1. 1ir`i' .: ,1• t'> l.'+rl�l, .f tt"" '11 t'• �. .. flj 11 [1 • ? .;t','i'. t1!11 ? t ttjl',t; .� (;1 I it'.r ; ,'t;�':�'ic t.(: , .•. 1.t,i•11,, t': ,; '; i � .!'t��'}',. .. . t:' as t `r '1 �, ''r''ty % .t' ;t .{-. �1 �tr f�:? '. •l. � .i: .7�"'i- '/,"4 r' .• �` -r t'vA'1� l It. I.ti :) .t 1 � i t�-j .' i r. ��. '' + � -',! » .r t� i► 1�,'�1 .`T;,f ' " AFT r , 't, ( I ' , i ,•. q i' err 'ilMft is .i7. r•. '% !J, I :{.• '' 't[T ttjC r'• !� I ' 't. Yi` : ,s t' r, t.t :�i f -{ + r ` i,t -� j '�weykt� 'gr. � T� .t �. - r' f, r 'r y Ir- i- 7 � .• •i `t 1� �y �r �; ;r {, t ti r . . ., •t tr, � ., ,i. rr•, ,/ y,. � t .:.t' hl��r�••�'�l ft ��, r t:, s rr �fi' , .- i:, ri•• ,�' :'I >.'!��:' t y i 1 �:�` t'�+a} { .� •> i�• ,fi. ..fir' - ,. f ��; .t '. rt .. s.,' �>. .t.,r . ��� , � ,.i 4���{' � t 4 .��-�t�, , �1� r -( � t;,, ,.+ 4 r 1 !1 7'�• ., �Id^ ,r V� , ``• t , r � , p t'� TA T..'ii .'F�`:�• .2 t -S�i.J •r. '� 1r ,` '�• 't, '. i••• t .r,,,afi • � � r��� •��. � ! ., !t _ i� • .� +ire � ,< + .� ' ' r.,.,. �' f, � .` t .Y�q�'Y+hpMIN ♦' Y.i+�.'y'''{b1 t r 9i ...L � ;' , •", t'f tl i /'''• t;' �` t tom• ',• ° ,'t •�1t •: 14� • .ri, P .� ,• 1;' 1P4• >3{ 'r' >i,,'�. ,,. ,�.,y.-.i .',.'e�#. �'j 1t`' 8� !" ,i •ti# �,7 ' '!Uw i+!.atkAriell'.m1 .Vww6,LWvv��t.:and.;rilated zd •t es are 'Sr} "bay-`MwY& ;ouMlhi ;i :1JY�aa..h.�,JtesIr_nc.F 11�y ttyy,► ,r ;, �• r , a 1 P J L3 r �. �i L , '�[ ' i 11 addlimiS") 1l�iil'a w1 11 edbediati , acDsetter Er1W ry Wit';Milky,`Ins., a lic ei�ar+d ram: � `te broker+ opera Uor: (a11 of these j. ., a� iw ;f tb.ao�il• iv�e►1y as:"Pametl r''), Of the Cam{ ny'$!r+a l estate i` wirk!i: L9►:&Mhwn r.7dMWoRAi&.7%e,it iiw.l >rseil a ii to operadow of P& tter of i*w 1md, eublfd fapp�rir►eicawnt cf that land, aiid the dr�aign, 1 ►- r' •,.:, ' ri s`Arrsi3W of haloes, intiuet kal buildiiga, office buildLngs and retail.centers on Abiid % iaaaly; the r Da*,r mn1wr m.arketi home; and'olfifM furnibh• i i AN dw houses ad f '+ , c�ro o u» end ofgces'which paoasatte,dcvelops' : •;: • ' . '�� � . - It + v- Y r 4 i i ti►a *angle-femi� detached reaidanc:�ee ranging primierily in price I 'd 16 $147,00Q'and from . 10,0t10 to $415,CN)D, ae wall a3 183 single-family..attached ";: i�lnkurhs. and tuwnhonuo ,at'prioar raring from $58,000 to $173,000. During{: ]ram. its Compiny sold 39.improved Iota 4n T'.eoo, Plat ado pricri3 from $24,500 to $85,000, 3 1* in-1kiley, Idaho priced %* n $16,900 to $1.9,500 and 1 lot In Riverside, California for $62,009. 'j 1 '7 '"he Company also said 6 commercial lets (including 3 shopping center pads) at prices ranging . $401D,000 to $1,9M,000, plus a commercial canter for .$5,800,000; all of these, propel les are 3' u;,• kwMed is 21 'faro, Califorr.iii: : Iry j r Condon As of December 31, 1983, na?,, a-rid '1981, real estate projects consisted of till' following: > 1C2�3 !f}�'2 is tit Com marl Residential 12 Indu �;' C�ni.rr�l.'r'�►ved 1�'s: z., i z:t 3 Indu Sligla-1cmily delac:hed .................................................... .................. . 1lGL 3911 i?f31 i j q (2 In .Single-furrdly dt1cliecl ......................... ...................................... ......... 51-10 '.192 694 I 1 Com Lotsales oil]. ..... .................................................................................. 1.7% 1 i 2 74 .i Miult t .................. ......................................... .......... . :t;i!ii`!S•iil+..:i.' Sal:f.stf!! .... .................................. ......... ...................................................................... ............ .... (!! . :i rj1 J: 1'i.`.Iltiil ,111}} lit- Y tlSll� ii::Sit: tf ti .... ......... ............. ..... ........... f WWI ,!"'r:it li'tlt►;'s' i'.;lrti.;ii.'t� ......... ....... ..... . . ....... ............ .. ,....... .... 1 j(; ,'r i t•,lril,YtalRttl , i� ) !: 1 il�iliIti�dll. t;? .�,�'.,. !� .It: ,1.. .. tjir'• 1, . it, :l .,. . ... .... . .. !1! r '. l 1iit�tt:t;ta to t':,►ir.sz': +t i''t (:t.t? li: it ::,l�:rf iiuTti►,�iitz' , ......•... ........ GY alrre. 1 �erSi ' e ,fir�~��r •:r, r :' , . ., - .� , - •'� ,w+�� rt 41' •ri' ',tr 'll . • }Li�,.rti 1' C ..,f'' �r . t 1 , �" ..ti, :i fw�- .t 'r. , ',� , '• ',H I i�„ IL• ,{ , ,. ,f ,,7 .r t ,+ ,i 1`f,,1t.!L •}, ,ty„'i.:�1 ;{'..•�r"• �. }'rr '_ •r ;t r Ll.,t ' ly 4 j :t._w. 1 t, ..� ... 1'7 ill 1M3. 250 of• the .1,581 units in"resid,6ntlalAnvent&y and 3 of-the '10 iiniis in ivifie i $r`a, {�'cojiimerci l sod ;rs� iYatrial fravento c of'Decenil�Jr i, A9+3w.1�rsre )KI -Not all of the units in f'bII";` iid t+. . 'i.nvar.,nrgi et:D areow 31, 1883 • i u com)��gt+ and:said rite ing 1984. Dining 1982, 207,af for Esarriw 7 the 2,U0 in .invAntory as ai Deci :7ibar 31; ?ia�1 were sold'anti 2,': bmmerciai .lots under 11"of thew construction `were. onraigleted. anrl' .tran��%rre At operating properties'. Also dur:lrg 1982, real o3tate Pacesettar abniidaiied cvxtain projects ;twllon t}ras Aeval'apment was determined to lairve Pecasatter i� becoine' unfeasible. During,1981; :i83 of iho 2;039:unitn in inventory'as ;,Mecemher .31, 1980 . ir1 e.design, j were_ sold;and 141 rere.trarL4erred to,npernting prrpert.,es ns,rentals. ; { 1 ntgra 0n 2 Paco;: ttnr..intends io dove]u o Gratin ca ernes.'nn •theso lots .when a market exists and fur'nis i financing is available. ;►1. ,:t (3) ' C.animer6a,I and industxta,. projects under construction consist•ut 3 multi-ttinttn.t iiidustrlal t buildings 'totaling ,2,9,870. 'squaro feet, a 44,330 .srtu�uE fart mini-storage facillty, and a y �.ii. 'riC •, yiUi. hl}csrhaod nc�i in oo`nter, The rho t ifl c(3ixter corisi�ts: f 6. nf shed ads fot siile' 3'of , y aKacl�ed g . p, , B'. PI? .8 p �vhich have b�ai s,' d t:�'of Decerriher 31, 2fl83) and 2ii 600 s dare feat of. retail A y9p8p.�o t). 1]il.Tin ' ... ,fit tr �• <<� Nr. ,$65,000 . " {t Op�irttnng p_opr3i•kic3s fls of.December 31, 19t33, 19t3L and.181 censlct of: �rjL 3'rail `� _t+l"r , l Residential: Condominfums(1) ...........................:'................................................. 1'01' 258 2t10 i a21 COIInmer+lal and Indu..xial I r . 12,Industif6i bui?din s in El Torb, California............................... 212,0OC 112'00o 1.12,00(1 r. 3 Industrial buildings in Newport. Beach, California.................. . 40,000 40,O00 40,bg0 al t 9 � •3 (2 itflx) Officebuidin i El ior, 'C s,l'i'r?iia.:..::... , 570 6370) 37 'gn " 0 • g�� ` 6�4' 1 Commercial center in £I Tnro,.CaIifornia...........•...................... 2,820 6Q; 2q '--- E3 )12 27 ,i Multi-tenant indrtatrial buiHIngs in EI,Toro, Caliafarnia.,....... 41,000 41;000 . - 89 14 (1) During 1061 and 1�F�q, Pacesetier was exparioncing.considerable buyer resistance to'14% to r 17% permenont financing. As a result, 144 and. 11t3 condominiiini unit` wer© desigimt-ad as ` 2 rentals in 1991 end 1980, respectively: Sixty-saven and ts�ia of::hRse units were sold during + ' 73 .11a !�$3t and 1082. respectively, With aid 'pro;ects,'Pacbsiette' studiaa development, and: marketing feasibility. The land do- . Ve- lopnient Plans arc them drafted and submitted to appropriate govertzmental author.ties fcr 17 app.aval. In recent yearn, as environmental,con�truin+s hnve Increased (parilcularly -with'respec`-'to 75 projects :.lass to the California coast, where special c�.wironnionta.l Iegislation is in effect;, the '27 .,'. 1. volume of rep'(xi s required.far'goverrra.ental approvals, and the difficulty and doloy,In obtaining 2,003 sitc h .approvals,. •hal. remainod burdenonlO. When approval of oil appropri, go1':�xtu�aents�l author�tles Is racrived, face:-{alter rbtains ieaterim and long-term financing to facilitate Uie can- st.rul;tiora and al'a or' rete��ti�+a o£ its praj6cts. 1 t� i'Vienagernsi-ii Is not currently aware of any ;;.ove*�aunontal moratoriums or special legislation 7 which would li�!ve a material adverse effQci up6U operations of dio Company. 10 :� ApproxirmOcly 25% of the uceitc, soil in 1981 were sold subject to all-inclusive deals of trust. Only 3 and 2,thus , 'ere Sold in tills inunner in 1983 and 1982, r>espectinely. Thl, moans that the Company horre�wed against the Inoparty prior to i'.ie r i'o of units (underlying lo.�r�), and sold eec't,t unit to a huyr.'t, with a dote secured by a deed of trust subject faille aforementioned up.dclxlyirig i' aa ,i t'' ' •a i•':,�. ` e!'t' 'y�r 1''1 � ,.,,hl,�vf•.. r't'',�•,, i'. � �. I �' .�1., l.��{. '"p p',�t: ''�•,.f,� i'v'"J �lt',�1�' .It'.• ,i i. y I , / r{, 9'1?'rl•. , 4 r 1,i 7 ,'jai' {\ �,• ..455'I �' .1 }•�,� �'y •4•••\ r,l' U�'01 ,yb ..� , .•4, I' r.. f �,p7+, ty ..�'t�S':,�' ++ i .� •l�s r, .Y. .1. 7 r.' tt��.� �' d ;.' �. ,n,l• 1 h?�1�'1' a.1�. ;'ii•'�I,".ti'7, :}, �' ...�'', •1+, .r71 t„' jAw ('S f ,I� � I,h.. �",1, ��{{;�'',. '".�I;IY{:.'. .'!,1 ,y.t` ./; 't � A'Y'',t !' 4 , r1•l ytt:�,. I:i:a• , 7t, ��; w ,.h. „.H,il. tl , .t�n. ,i ,fl 1.. �,'' 'y., .�'• '� �; tf} t, 1` r„^' // •.}',' .1 �'.t{ rl''e7 .• � , sr',q lilt, ;�, •,, , .,�.r�a,' ,, ,'�`:':..,,T,I �,.�. ,} '1. .` ,�'f`'' :19�iw; .,•I ,5 r ;1` `�.ja .,�j ..��i�{'It •St' {y. 1' i ,t.. ' ^rt 4 i �y,,'!�, •L 11'•1' '� l 7 �I7 r }tl � 'l7'itY }t I t�. yy � .7, 7r 'a \ 1 t, .. �1,'�.�11 ,�1,,.7 r .�N f.,l...t+, it f711$r�.il i' '.'i �;`i � t 'l ,irr ,j�'�I. 1,;f .�� •{,' r f 1 ,�o k 1 'fin j '� I it ��t'�I{ .r l t7�� 1'�ft. 1.� ! y {i1 `,@@ yj } � ,' r•! ( ,�(t.�.r ,1 4�'•.,,'' 7 t,. 1 ..'i'y'.. t' t, .I '•'.':_,' II. {,,'' .}., •,l. F' 1 �'7"•.).. .. .` ...4t� 1 „t .. ,tt. ,. .. ;tY 1 ,••� Lt,..1,.LW_f, ..tP•a.i ,I7t�' i' 'C' It, , .;1,. .. f .c: .... ._ r a ' � j.t .' ,fit. �;' . 1r l , '/r i .,'1 .I•'i .,Y i7�,• +. `. ' t. :}`I i � ¢ i;, / I•' •' A+4 . ;''i. ' i .. ., r , f` I'., t .` •, ,.t ; ir' of +• YT V. f ' j • t..,.Y r : ' ,; 1 i�,i ! �! f Tf'' t +�'�II- i • •` �► jo kair� to k�ewt�e�*. Currentl these underlyingloar�g r+re eneral. nrt avcilabla to _ ac�sc�tter, This' jw: Addii3oaj Programmadr, it -:possible to. offs r,�More:competitive.and versatile :Interest rates,.:lbwei down � u :nents.ano''.mowfiezdble fln'akcln i�ndr o re rt the sflW oil:the installrnant'metlh'od for tax at�tstandi� -' purpos$ssr:?i rally dvf'errir'g 5, 'stantfal tax Ni6sttiions:,As a result of this program, th© Company's ;ia'r,`illiiru `S r ns illdated, balan'ce sheets reflect suest� tlal•�-..mts (receivables from real estate sales) and ;gnu a r( t liabillt es (ii�lert�d>nota p�yiabla and d�ier� d t xoe) that rva>sId rota pres«�nt if'tlYe Crgripany PP• .�, m�jrely:aoltl Baia snits In a conventional.manner. purchai `�During 1903, the Company accepted secorid'trust'deeds relating to re:yidantial'sa1Qs errttiuriting `�' which is to` epprtii irr!ati�ly $585,POO as comp&ad with .$203,000 in 1982tan 53 ,000 irr,l9t?1. price is n ;I.• i : Wuadleef i�►as fo't�mad in Juno 1t377,prirnariiy to drrange and service Icans•assocf #�ycl v��ith the purchase of hiiniesf frnzn Pf3I. lNoridletif has been ucc4ptiid by the;Fa&ral Housing t dYnfhistration �t Flan`(" S� t `(1<1-}. i):trrxd'tli WtitRrana ,Aclminlstrrition (VAj as an approved lfemd ar.t'Additioiidlly, Wo6dleaf has =- Ssrvlc : 'I been 'accept rd. the� 'Fe,4�rt,F'National !Mortgage A.ssacfatioa`'[F NIA) and 'the Government ' tliasA caf tt iv'atiarial I fartgago -Mg ►�iatioit (CNMA) as a seller and svrtiiicer of FrIA insured, VA guaranteed wider... 3 f 11Rid:cUlll�BUtlonal--`Mar�8., f1� �I� ! ';i aJr f lhF.} P ,• t At December 31; 1983, Woodleaf•was senricin' for. PHI 98o 16ans (1129 at D 82) r ; f of'PE�cescrt apAlregating sppruxiinately $7U,005,11.00 ($81,000;000 at Decemb ea '31,,19i32).•.PHI accbanted for c' „ ; • t� vaquireme i $r9n"(9r3% in .1982 j of'Woodleaf's .servicing partfolio.�,iAdditlanally, Woodleaf services loans , aggt��atng nppro�timat+aly $2,2�9,000 (°�2,300,000 in 1.fla2) for'I���1MP� and rithera. Plt1: ' •' i:af�.Ai urn of 10 perc •'Eler,'trortics. Eloc#ronfcs encounters:significant cotd�patition 'in all aspects of its business, ar,` ! F vested in"I •, { marry iaf Its campetitora have co'naiderably greater finaric;al resources, larger research and A& =. disribled . if �,"�'velopment programs, lar,or sales forces, a.rjd"greater�'productian capr.; itias. f Dec:er'ibor cal, "ate. c,etr:0.4; ter fake, signii`ic nt.competit,on, as there nre many,o►her crmpanfes, 19 _t accrued fo ` cern larger th r.. the Carilpeny,'engaged fn ilea constauction and sale of homes :n the aroas in �. �.. ti `� Which the Company► apasetes which are in direct c+ mpatition with Pnccsettea: All harias;���tfIt by cesl,;'.ter ace'also i~�i cdmpetIliora with resale homes in the same market area 3 The pure; ase of raw { Intcra: } 1 ;� • 19t31 and : �rsxr.i is,similarly competitive, since .bath are mans major dk,-•..opmont compani,e which are4talscr ;f' banks' ;had .tj erl'gec�bd In,Mr. 't:cgtr�sif�n on a continulb basis: Uperatlhg I�roperties {are avaWl le for ri.+ilt•''af. ' , ) sliart�torm j rates which inu�t be many other similar properties in n f.,reas.the sae { Y '�' * ,. _ . 'f interest rat BacOog. ,Whet; Cornpa,i,.a,'_►nly�.reliably signMr.ant backlog of orders.is ..:cued to .AE,I, :the bush' af;,which cons!str: rlma;31 of su 1 in s ecificaL' ordered items. , s a'c0sult, the: {� . Constr I P• Y. PPY B ;? Y f backlog of girder's is;signfficarit to ASFs operations. The backlog of orders reasonably bielievad to be of the,' rlrr firrae'as of the indioa,{©d dates is s , follows: �;; ,, financing c Dottui er 31. 2083 D ewwber J1, 3982'(`,`be4^e,Ynber 39, ton', Ri,sing r $4,9so,G00 $3,9 0 0 $8,080,000. � that;tho Ca Al�l'� erL"vg IS ganerr'dly,evids3ncctd by firriitcontracts to'undertake the design and manufacr afmnrtia e�e1 tl tiir+e a£ spec'I)alized products. , ;r Corttirt'jed '1 Substantiall all baGl la -Is expected to be filled within one 'year. buying ma� Y s p Ya Eir, I' es. The Compr'lly employs'approximately'4,lU persons on a -rmanent basis (290 j , E;ipani doTaes'dtally wild 12o in' foreign couniries). 'Iho., Company .believes its re'latfonship 'with its parcels in + tamplo,Yc;es ta,by satlsfactony, and has no✓er ex aer,'oitred a work sto �a a resultirt fr r �' setter, Pac 1, . . .pI g g o.n labor ;E� . rilffiectlti�r Vi;&, h its employees. Real estate construction,activities are performed prfniarily.by 1, Reno, New ntttrir-c�Cra.6 tans who•sometlkRs employ union labor who have periodically In the past caused work' i ` area. Paces t ` stoppn6e.; vlhilia n4ga rating union labor-agreentents. 'r r' `f!7 1. r'ti ?: •r.' � ,ii t. , •'71' .C'i"t rp 1' •Ir " rrf .y, f• r•t7.(i` 'c'�`;'��.f(`,� ,��" .tr;: `�yt ,��, .!�•�? '"� "'l11;t! '1, .f• � r{ 7 ,tr ,� ' '7. �•, !''� 'I• 'r• 1 ,'�' t / ,rti ,i. ..'�yf �, G .t,itr A! r':k,'�.�• r�! 1 ('` •f ♦1r •, ./i +i~:} �1''. ?f , ` +4 • r Iti t`i 'J `7 '�•' iT'.,. .,. ..' `r y .r..` J , I .7 r..• 1`{• I r / t ri ,l !'. fir, ..i, <• ,. �i.�p �, 1 ,f r r?, 7 � - 1, t I 1 �Ir r ,, t .�rtr1 �r,• , t.• ..'•,t+ r. r•, r!s �,� 11FTj :t� ( .. � .r. P rfi r, `,: ,r 1 .1 ' _ t,,r ;,. 1^'1.1 ', * • Pi ,y X-j i `fk r' '{Ir !� ` ': ri Zl, r (. �� 7 .`,fi,_ t :�I r.'tl 'I'•,' ,•� i t/ .'7 iFAIM 4i y a �� +, n, ,It "a •t', r ) .� 1}, r} 1 'r •. r ",A''., �rr s••,r" r if Jr?t �i•r , _ < �,. f Y , t � ..•r,' ,.t .t! ii 1 , ! r ti•,{r l� ��I l'r�t r) tl t � r ILf lY , r ( ' ..r �1 �. _ 3 t. •'i,•'r� `1 r Sr , ft r ` '' it !; Li'i(��t �7�, l: ..r ;2f 7 'll f,' a '. 7{ '•.1 , t '- ,r;r .1._ S} 1 ,J7 C• 1. }!•�', r}t t,:(rl it t t tir .c�,. r c .' ).' r ,. '+t '� ..r� � r - •I 1•. 11�.e`'hi'yt t,�,Ya' :�( ,' 1 . i ! ._ti. S r., i. 'r, S' , �, (,,. , r•"1 t�iftr sl,r 6 1� I i, :�; it' }Y' � 't, .f r , 1 { 7 ti !r. .. Si' 1/'�'.j• Jf }t, � ' F'i 1 � ,. { (1 1 t it ! r ' ,y 7 (:r' „ rj1 • , 1 1 r `��! r � � rw' w} r '!F J SdF}' � �i'i If JlY�irl tt�r•• _Yr •i I ..���, ll t ,`, i,t , ` '�.,! Il,r: l" 'I/ y BS'.7 Y11�rJi IfYer...1a 7, ...,,.i Lr•:i A,Il ;.h A'r: r.A y..l s c»'.i•f.i�', ,, 1 ..t�-1,w�ia-. .<-, 1 .'i. i+. .. s,r �..r-.r�, ,!. r ,r.. .1. .� '1: AdYsO"S t ,f, t .l _ lr: .�tt ,i, Irr',,.•,. 1. Lt ;t, , r 'r; t.'rSl Wft,&{ •1+, t. l''rC 1• x: f! 'r rrr r. , r ,, /t ttodlfpr tayc ,' ,�;. q�if�ftiar►i► r]n Deoernber.s;,i9t33;,the'*iiipany WiWred into an agm' 'Ment to ecq�il a all tile, ., ' t' t. it .Sa.'t ,,... t. ,S•• fit•t rt iiz out Rthndin� stirok'of:Sih deQinn'A Savings"'and Doan-Msociation ("San Clemente"j.''17ha'ecyuiaf S•1. pany6 t 1• t "L l.. 1 ,".• 1 �,) 1( • 1' T 1 1 .,. , r,li 7 r. I,t� 'it'1 t ,t tis�ri`a1`;�uld'tie-Cgnsuxntiiateii:c�ui{ng;1084 andis Wbi6 t-fa federal ai3d state regulatory appirovals �•C:�tini and � �iOrd'vsl��iy `the'curreiat'e�� haYderis s�+S�l� Cleinraa#e''Sa�i �!ern�ntg operates,�fr}�ee'breneh i 3:` offices-iii`'tha1Sa A'Orang' C tint 'arse aricl:'1'iati�totsl ass ts'of e' iroxizizatel 6� obd,bod. The , ,'. g Y. . , PP Y purch"a,price will be 2,2U0,OOQSin.ex b""f Soh.Clemente's''book value'at`Idovcznbor.30, 19fl8; 1 ! ,, i.61 , � ,. ►nuhdag; which'is• y t to be,determined, adjuste�for'ce.etain specifi.3d It4ns. owaver, the total pciichese pric6`is not expocted.. o bo,;,Bubstentiallyree rtsr,than2;ZUU,fiOl).: -! . �d "ice Pi�nfit Sh' �P,1o.�.r 'Guri*i .19ftQ' tlih trom an converted rIts, t, h lo�vee Stock Qi=rvneirshi xnitaloi� '� ' , g. P • Y , P. 'p Plan("ESC1P");tQ a Profit ShariniPlaii,`("Plan',') which'has been approved`by,ihi—ititnmal'Reveriue ' • Sa."1M. ?'li�;carltrlbution,:; e�ting, and phiticipation prvvisfoni.. the.Plali are. euxiy similar•to, Yera?rnenfi , ' ,., i6sn''of•tLe ESQP;huw�w.►er, We range of possible investments.of s5aets in 6WPlan to Onside guairteed f �.. wider. �If`• %(•.•'',tr '�• ft1�:17 •'. ri't ''C 13e P1aII COveX'B iF16Rt of the full»time employees Qf!Pacasetter and AFl (excluding exnlilayees ''. . ^. r 31, 19$;;) of P1164tter' E1tttcaiilCs+Internatiori+sl, Cnc. iind'Roll 3eai nicfetira minimum lea tli of'srtrvice S S. ,ousted;for z'. . .. , c,rs l.a ;j ra+quirements: Employoos caverl by aunion-sponsored plan ke'not eligible to parttopate'iti the, r Under.the Plan, coiitribtitinns'.aro made fit, thediscretiun of,the Aoard,afyL?lr crto>< rup'to" a s� , maxiinuin of 15%•bf•eligible.'employeas' compeni aflonn. Employee vesting in th6-Plan is:at`tha rate of 10 percent for. ed ,l,year. of service subs:?quent to jfutua�ry 1, 1975:.An employee heroin, fully ess; ag j vested in,the Plan upon completing ten`yeam of pa,rtictpatioil, reaching age 65.,hacoining totally ch slid.Vie- ,.� disabie'd, or upon,death. The Company'accrued .r on,trlbutloris torthe`Plan,for.;'the,years,ended December 31;,1982 and 19BI of$280,000 and 000, respectively,reprpseniing 5°Jt+ in 19$2 and l6961n`.1981 of the- eligible campensatibn of partiripatirig employses,-No contribution has;*,n ! companie , acc.^.red'far the year ended December 31, 1983. he areas in f r 1 , yes Built blr ;E7rit+err t Rrites. Ar cl'n 1t�93 reyailin `i?iteres rates r I `g ► P t' d opliecl balow:.ihalr:fecurd.leycdlA',hi ,has5`of ray+� }, 1961 and 1982.,f4-;vever, as cif Mardi 19,`1984 the pri�i�'xateiof itytewes.'In effe�t;e� ri�fast'rrtajor . ich bra ISO r banks had `r'lsea tt:=1Xr/�9'o,° its' hfghest 'Iavel' 'n over, 1w zrionths. Because ci�F+ ^l: it imfinct' an ionshort-term conBtruetion'fiziinncing as wall as, long-term perirxa:tant mottgaQ rates and forms,rising a. I tarest rotas rgi»a in' . critaical concern of 'the'Compan ► to"AFC, �tlia� r . �, .. •. .• -ctfari firiancfng is `• ., t ` . Constru ganerally'avaf labia tv F :esetter at rates equal to 1�3 to 3�Ib in excess ' ;'result, the ' ,: af'tbe ,priihe' tv"te. Effac;tIV6 interest rates'uf up to*159c dtuing.1983 continued t /`inake the coat of lioved to 1 '' finaricin a Figtiificanv e,iQczcent in th."e de'velupmc�nt of Pacesetter projects.`'' •` r .. 1 r 1 . ' � li. ,�, 't•3.1 :t t r .�` t• • tt/• ,i. . ` .r:.� r i'• .' S• Rising mortgage.interest rates Wive created'soina,buyer:resistan co,towards purchasing`hornes 1 'i that the Company Is selling, and, to some cases. eliminated potential home buyers due to lack rof -affar�iabllit :� Asl of;Match' 1984•,',` the Coin an Was •able to - rovide 13 ' i to 1 s 2 'financin Y,� P Y p `m '/°a 9 u man,�i'ac: amortized"and due- in 8n.years; this',6mparerl r ►itr.:retes of approximately 12% wy'aar'earlie'r. Continued'in6eases in:martgage'interest rat; could`eliminate a +substantial portion of ;he hvmo „' .. `� buyfng•merV�k t r' „ . "B4)dnsian O!Itsidb of California, Die to the siibstantially limited supply of suitable. lend -( arcels in ,Sviitfiern t,alifornia•.whiff; l` r ' , its p• h fire not keady controlled' by developars atfier thah 'Pace- setter, Pacesetter had Y`6cen'466kin out-cif-state markets in •wrhfch'to develop `real estate..Wo ects in g F• , 1 from later► area., Nn da have"nat provided acceptable profits due to unfav: rable^Qoonomic factors-in that rlarle�hy;,bl` . r ��•s� ea. C'ai�esetter also has a project in Halley, Ida}ro selling unproved lots. , rr , 7 ,mob` f t!�!t L J r. :eoirL'rfi WYISIf�i.LJ }, ,t�.;i1S'ti{{�,"{ 7 r/t , ) :`, i ` : :, i��ri t,l' =r''r. r 'r .r. �+`�; •.;. ".r ,j, j, t. •_- .'r� � .`i�. ,il/}lf ! �r ..,r 1r" li ;.r 7 ,r ;r r, r,,a' "j`� '�• 'r � _i'• "� Y I ,Y,f� ► t 'J�,�% v.„'�? r rt4 ;f ' r 't r Sti,.fitt, tl t '� t 'rr`• Tt, ,t' .' � r � �a� t "'.,� f�4k4��t�t. f'1'. :J':r'`T Yt t' '1CF `,+•-., { •1 -, 'j• ,l"Z' �t�"' ��.�!,i't T'•:({ 7tr�t•i{., �,tf r f t �tiv 1 '` •( r ft, , r�i �i .a, t� .}(.s' ,,4 ��,�+�•t}�. ,+ f '� t t). ,t. +,, r'. + 't -S - - , ' �. ? •t�/.. ' ,III ,�,' /, r ?,i f;t ,.,,r,t[..•t:•Li [+. f "9 t. �t , r ;+ t .! , M. r ,, .�f. •t4' •.�/,++ t. '4 �J' `r+ t,ii� ,,1''! •t.. ,� ;+r + , 1..: t t r. t r , 'r.l � f •� �,,+ �'I n, fa I OJT f�;lr ' It 't4 't2 I,)),fi ,j`rr`�t1`!:'{ ! ? .``..1•t� r,''+ `• , - ., t t. `f rl: ' 1; t• y��,t�srrl; h1 + + il,, 1 �t {♦� t " .7 %. r 't ,' ,. ti ., .. ` '� �. - ( .�R ftf•,1.:1 !1j�4+ll,tr{t•( / t ,: 1.,, r..' F c. -t�}. r 1 r, '�r , ' 1 .tt�'r:�� 1 f•�S'1+ 'i:+ }P. �' ,�,. +[`arw.' .i r� , .ff�. n't tti�_�;f•, r+.• T, �'_:+ " -,.'} „t r )" r t,'e. t !:.. el a i6iv for 164 mobile harna' i. p� ,1981, Pat otter,*=hand a0d.reeaid'arr:88•acre path pir Yy t. W.ulr:t ifirr 44,home'.ssi,es.iri Pg. Jj►`ColorWo DiWvg'a Z;:if buyer defaultsd ciiithe La.P66$ 4t�ec:in .e th '.�aMddiit�q2.060,000 and the Company. revalued`the note at 983,'the ira was deemed'tiacti`to Per ►tter in sa Uction,af. e ' liartia' ., max but'e�r:`.C�u to ���ricei�taintjs;3f the di�meti fir housini.in`that'general'ares,, _' ! . Pacific•Sim t Cpiap r .p tpanod the undertaldrrg'q'Uany develapznsa# affForts.iazitil s.`uitable derinand is r �+;'f 1: '•t' � ��I . 17 •,+f''j'+ i= �'. •, , •J,, :l •. .t���Ml/AM,N[1 ' { I: `.,,, ( , ':-a, .� F. .r[• ' r, �'1 yY' t 4 :If ,'..•'/ ` }J L, ' .S,T(•".L 'F 't.7 'f. '" :`1 tls„t " 1' ,. ► l u�por# rn af'fsxa'�i"1--1 ) Sea Note+ 33 to ]Financial Statements (, I itf�, Caper / DM66A Ti y loccupia$ ,W6 fvllos�vfug- Peopertie� foir its apiirationa, haidug'.1he follow ng s C �, � [{aii ► 1 it;'.t' .. - 1. 7t. +tr' l 1I 1 T t Cl Ail6 Squ� rf I, `'C'{ ; )J t ., �`'f�r� •f ` t. [ ! [' `�� t' r,t iM yam- Year 4'` .I .r( r• •r [t i t i , " taster s. .`, L+�CMttion Rent �F.�,�irNtlng•7,� `( Ti�arire� PAR t r +.., li t1)' I'teesd' �Ne rt P�:kli'!rc�tra .,:.�../.. , l3etich, �1�► �� ,g,500�, $ ,33,600(?) ,t.`, t 1gR5" r. 1•✓ ,{ �� '. ' ,t•;"1`ita fpt� a ri 'E1 ttrOnics;.:.:.:�' Uwnad ,>tullartan; CA 10(?,000 t: � for th$ Wdi Pieceiter Piex[trcinics: Leased various Sa,Sgo $420 q0C/' tb 2005 !� 'Cm'pcira s'l eraclquartere :nr the Company 8ttd its ht�ueing sutiBidleii;es era leased f:o the .lug fl st fhist,.a revvr,akrle tr��st eatalilisbed bytthe_ Com-pany's'Chief l',xecutive Officer1di'the At•a h+0: 4L114ilyr itrL( b�rl 1, tJ '") CIpC� $ rel$ted 8Xp!3rf3@S. ( '/1t17 f f r t t",t: 9 1' Fri div; ad ' ' 'I'a th+s tart of'R istrarit's khowl6d8e, :theiea .'ate nu' legal proceedings `peridirig against suvsidfiiri g, in•whkc 'the claim for•:dftivages exceeds 10% of'tha rurrent �stra�tr►a'its"aubsidiariPs on a consolidated,laasis. DurS igl3x, it:t�►as da ernit6i d .t&t 'iaventoriSs` acquired'. ir% the acquisition of• 'racc�setEer :1 trani,r Ia+Gdr�atiiir al, inG., foritidirij: VST �e,:tron cs Internettionrl ("VST Fia tunics") had been lrtevanuea .., k`'ovem1ued:byt'sspprox nately,: $6W,000. d] bct6ber2'1, •19JS2D'1he Carnpariy se v`ed upon , fq`,rr',mrirtian'fVSlj;a Tloi�naud,fcir Arhtfiati uf.'disputes tluit had ariaan out of:.tlYe Campainy's tj Incoui� ns ,r I (bent) i ' ;vi all:the outfanding stack'of VSI=Pl�.ctranics. ilui,♦urrnt.ta a Sta:k 1'urchaee AgYtrxaent Net lncme (tba:`"tS�$reiginedt"J .eniQrnd into, iriiecernlx 1fi,' 9f3i; �nbng the Carixpany;` VSI, 'and VSI �� F ,In�.aitze'tlo� Elae 'antra.= l.iis waa settled on March 13, 1984, with the Cririgany Ieco�ering, among other items, � imFi Lirmee t'ih the'`vai�is of inventories a�:qui d in'#hri pizrchass: and coma ilrtriirt f& eat di4are,of jin ,materf►a1 nroceedin i to which a dir6dor, offic r n i ' 't � � conunon. Tl�.lbsg Y 8 e r off'lie e t of. the-ReS4tmnt,;or,:q.five, pe=c+ nt. shareholder of•the C'Mra0n-sta41�; of.the R$giatrant; oe ;6Y �;�, � s�;`sxe aclu swelate of auy' such.perms, is a-pasty adverse to, r"r.ha-1 -a nwterial' irtarest adverse -to, the ' 4, i�afJ+ec'?'10 Regis�nt ubsidiary.,or,any s of the Reg,istraixt. f 'Tatel ease Total long 1' A+f 4.,;••.,.ci at l�i�laf�rx iu a Vcste of 5ecurtty HdhileT'a " t • r `' I;,�tsi`,' di nu: h its � � play x t eu to any�.matter to a vets of securit holders durin -` Y g tl�e faurtlx ntiaFler dui'-fi ci the fib :yw'ended'De mbar 31; 1983 F. 2,207 ! stock f Y,�, �1�`Y'�'�,,,.�yr yrA`P`� 1.4f3 .!, () r,+ j 5 ; :f t'';.`". � +'• -, [ .t. + t yy++ i', ,( • i1 I Y f 'r t { `: ,f [ ', 7 ,'y f,�'� �.' �(f t 1 r!'�}�J ,CIYS �j. � i +aJ S ) ! ! rl 1 t+ t r [�' ? t�•_• trY. ., , J, � rl � t. • ,'��rnG {�i�� r��tr Sr'c r�,: +J ,''� 7I .'� } 7 - ti ! :; fr �'t ! r(;" r ,: r tj - "';,f j.�� � � r ' . Y �. t 1}rl�. t ,r , -4 , '. 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FJ t ) ) , ! i tr f { r+ t [ 1 ft± t ►r.,. yf , q�StY+•�.+,{'r;I jt`1 .t, :.4 ,t1 )tt .,tt 7t t- r .•(( '±� '. t I1f� ��`�t+)74h.,,,y`��, �(+� f/•!i ' � yi'�r'y+'tt y� r, rt l r' 1 � 'J r-iC � .).21 Zt:=.l3 4 +� ' tr� `t +'• `. 1, t �•`! ;i* t { 4t `�+'J�..,T{rf'.7f'1 r�!! •+Y.i(�r 7,`} i iY i. ) J 7,,y 5`*! rS rf '!tl �:+,r V ! .f ( �J ,3• / i 'Y. �i ,�� +��t � � '�) t�•!�t S` 7� t .1', � !r t` i' 'l:� t,� r I rr.lA'+' .,Sr, �7%l �!.. � +hC.{f rf, 7 .II Y}� .1 tK t t! " + � � ° • �t: t ;-4� ak}441tr f•,� /, i s rC•: a -! !r !. ,.St l �7' e,' , .~11 ,,r', C b .. t1ftrt i, f 7"r7`� ! 7 r`t1�Cl.S,�}�'�, ir+ , �. •+ r t 3 r.�,;t (;.r ,Ct `` 7. Y 4 f'• t� t .� �+xt'�F 'i l !;,a ' � ;;), P,•.y�J•'.'•j�'ff r zzf 2'f5�,,«CC. ♦♦!tf'!+ !Jr 7 i I. ,f s �y" ! i d'1`r �', t� ,F'h ','i.` �tFIY,,��•.r?�Yg„°54yt�'•i{'`3``� ,! 3i.[,',!),r'!i)'.3a r. S.f.,,'. , F _ •pr• •;'i •4•: „� � c ✓4�.�+„ 3 r .5,. .r r� Y i yet"� r# � !',(t r .,(� t }' •'r jQ 4 '1 f�i,��[� �C�. +� r"r..�' .. .t .,. .•., r t � -�N. ,., ;qr ,rpt +RK�t;r.Swat,vwl•sa,wa'';,tia�..:.af•..r,:l .f'... .�.`..i.:'Jk:l fGcxrt.�:,+Jwr:.l•. :7f.,,..'..,..•...i.t.,ww,ji.. ...fit..... ':'';.�..�•:..'�t.. [,.. r,. .N,:, .,!',•.r:IL:fl.' ' „ t 1, t'•i i j;iNARi''� 1 � + '.'t,:•,t }4 i„' '.. S it +i: :i f `,4, -. t, ;. �,: .��' •iib`.5f t ° `.' ..�` � ') `ax l� .� �-r-'M ust �r t'� �a�n�a�ana �t�c uxd.�kal�tsd Sa�urilty Holder,hUffers tm ry`'� pfrki * fte�globv tt's Stock: The Registrant'i Commou Stoc� k 'Is traded ion 4t e PwWc Stack.Exchange uhdar the syin&-)i AEcp ; 'e `i.+ ��. i,_ ! i ' '•s C�. +Ir`!`�,,L 1., 'tF jpra ba Nudkbw of 901y S*ec ty Holder$ ne of rniW i� i ;• ; 't1 • �, .. `• :� ',"•tf,� )' ' .�Tnan �t1Rra►A .� - ' . .r' c 'ti 'r t '. �,UCIiJ rri• r, •�'• f.t. r ,{ �L�• t .11 i"VLt I ' `,t •t j C• ) +t 1 F r The Caitx iy:l��ia`net 'snd;c'oaa not intend to iay:divfdarida an'Goinmon St0C.k.Stock ' +�) ,, � ,• �• ,.. t � �' { r� �t�,r ./Tb+e.€allvwtng tstile_phai+ti-a,tha high'and law clasinglpcicea iox the t":omp+ ny'soman'Stack for Qe'iAdtc�iterl'preriode; [ 2005 "!!t h low :Mo 'Law , g 1 Klux • ,� � .. t � , ------ {. „E,� . • �`,: :1st cluart�r..:.,.u,...,,,�.......:......... ......1..•..,::,1:1• �fi'/c 5;!a ,. s.��' 33i'� .$3/a ,+ 8�'•�; t; t +`��, S T.t a k , 2nid quatter.,,::'::::......:::...:..�.:.,,:.,..::::,..,.f,....; ..:7:71a . t3 ;5�a, 31/2 9 731e a+ bird 4uertar`..1 ,.,. ..,,•..i,:r... ..::...:..:.:......:..::... ' 71/e 5',4�' 5?��' t<�a` B t •', ,f,`1 ., l , , 4��'�}U RIi`Y,�t.:.....^.........:........r....u,+r.,a;: ....a;.... ` IY , •41A ,' ! fR� v i,re]T�� !�" �..• ,•� .1 •rf }f i 3ca dividends wsr�, paid'an Gammon 3to . during the above periods. 41 . 1�` ,7' � •'F:'n:f i ,S {. I- 1 `• t t r tt i� 4 t )' r`f. 5ainst isrertt ` ' n7EM a" SAKAW�F new AaU'� r r. ( to Tb6wwscW twong,f� �'I}i�t�,nte�+a�l�ar�Gwoti► i frhltt�t ', a' ' 1978 1Mi1 3 t1 ..l18 �9A T�ya't�, ,!!. :! , ((�� nr�nj (}- -I��-+-�r. .�i ,{. Q. �,1'j Q •�. ..ty-.�.(.�-�--=L.n-.. ,Reviit�UP . s,,,•,•:,,,.1,.,,i `i,,.,i •, ,:,l,r, $161,42 G.T ,l i.7G. .jl• �7, �1 t' +Vr, T/i!•! l �P' . 'T1 V17r t, r•, „Y sl S ► Tncame``�lvaaj;iiaf©r+a pxi�visjan '�` •,. " . . ., , , " t,� '� „(benefit) for inrotiime'.iwhs ;::..;..,, $ g,406� . . $ 22,433 �6,774 • {4,t?9G) $ ' 2,295 $`1Vb1t itN.Onae;(hissj.......:L1,.1�•,i1.;i►.,,,. , $ ,13g 5,82f3 $:7:�+, 16 $ (2,498) 1a456 ` Inco,ros (lo s).per cr�rriman Aunt, i :t r, common aliiare'e 1A0' Z•qt $ ' . 1.43 $ '` (1.19) ( Wh Ijhted aVirege' numwr.of, t { co11moA,8Eftikr�8;a- Cf�iClA�Orl fibata ;t. r .a�Ye ' shy eyuivalenti +earestated to .reflect TJl30 net reverse split(a) 2,971 t2,618 2,3':it3: , 2,095 2,024 Total assets,...,..,\....1...,,...,.1............. $141,460 $20 7,24 $202,935 ' ' $190,826 $197,168 ks '`1• Total,iong.t-xm . , , 49'#944 :Gj; 74,733 $100'P226 $1070660 . ,U04,%M t t (a) ,The.weig}iteii average numbr.o cariurion sZ:are and camrnon sham equivalents outs"ding dung the .reapacyive years iti�,Wdes Rd(u.sti�6t'for dsiumkud exercise cif,.stock" bptions tor' ,;2,207,shares'fn 1979 at les0s than ' 'i'nt �r�atket veliie using thti treas�:ry �ctock inethadf Ail , !Ock cpptions expired in 1980, ' u f1 i.. t 7 ,t .t, � Si,t,,it�7F �•, ,f; C. �, ,,, a ,3 F '7i C1 , %{� ..illt �it•t�t .I' '� r +7' ,{,.: .,.•.• , t ..... 4 fe, i +t., )t •, ,.(. + + t#• . ,r I`;y (_r -''�"' !.3 rq'�• k,fI ,:,{ ,r {. ,r . : ��! r'„l.� r .,,tt. •i.+i j {JI t i•`r 7r r t ,.t"i '1, ! 7 , t• .)rF� ti .t, ` Q•r.id%, xII�1 .S, !� Y t~+ •r l�. ,t ,.7.� 7 + `T'`i ,, `r , c.,.'. /.�51' � .. , .. i � hY• r E:. '+' `' ;;J'+w't,'.��,"t,f:..,•'t „`r.rr � �. .r .Q,. .t t, }; `rat' �t',l,_,. + •,. 7; � (t 7 ,{1 �r ,`r+ r, !vy rf' YY�t t,, 'r " ,y,•qY:� Vr tt , j',t� .j `' , .,. ! i i, 1 lr" _tit. "r .a. �) r4,t,4r, t ' •f ,!' -` N 1 ! ,r.+ , 'f Y`r�t +' ,' Yi3. 'r ! a '� ''S'1;Jf. .t}+•�ht�+'i f,;;rt j�'.i7, �t.5',1Y I��tr 1'1 .1�_ t .,. `{VT .'r•J .r1 iYr� ,,1 .!+ {s't, �+♦�:} r ,�. �• �..1, jV 1.• r+`t,: li,::f •ys •J�frt+� t. j I"f Il 1 ;Fj. .�' F' rt 7 ;1 ..,. 1, .! .�". ,.j• ti J �'C J .`l:hr,,+t .7L"'•,4r .� ' e(• tt .1 F' i ,. r �1 ' .ti'�'.;4,y , t+ .�t,�5^I;•'�i. �,♦ s ,jIt •t�4.{.c, ,y, t , t,•t irti ••''` 1�"� 1 ��r 'Y jIY I j +1 � �� 1 t •r r � ' t �` o�R' '' rl •r� It �.y,°I(y'Vr'� t'� r( yr ++� �' 3+ )r'+ ' r' r ' rr ,, ij y.7 'ril \• o 'Y„r r5:ref. I .p! r r 1.i Y i'Y (' ( }. �i• t,. 7 J n� ' A+' y ,'! +. 1 , ' i.Q�,Q it 1' V + t - r r ' ' 't ! .'• ,,, t t y III r r f rr'f ' l r .Y.rJ,�' SttIJ r '• + :, ' y t '.t. ' .1' + >'' llrj+ and bf Will" RMT ( �t y. ! :. l .V; 1, r r r ,. • , 1 ` (r ♦ TT .,rl , !. + �� 1 ,r {.r,`.}S+ri ,, t t !�i , �;(• , ++` t i. ?a ,tr +r •t'.r. .t� +. 1' '' 1 ,1 '' 's.yt "Qr. .SY. ,+, i1��, `'',••�' ` I�..�Y{,��• 'fit' �' �1 'j�;{,, �7�l;tf;'hi t r,t.�jL. +. , �� '�f! ,t,:� :r,r r.' „ .,t• i. � °7,..' {I lr i't,• � i'�, ',t r,S t '1 "!�' r'J,i �r�'}' `;' J�'.31+�5 `eJ,t;t :!'Ir •r „l .'I .`ryr it,Y .}+ tr. ,� �_}:.{: ('�.11��. Yy1' iY + ;i'{ `,' - `!' ,5 + {}', ` ,t�V:� ,,.. p i5'.i c i;7.• f '.t%{1r I .a } .�, { ,� .•, � , Ys,} ,;: -,r +- r 1 ,', . 71�i� '�µJ1iC�lJ'',:^.�'A4':rSj,p1•.'/'Yt'• (t�I(•a.�F�•. :.�...5,'r�r,i,i:1:.t'Jrr`�..,�} �.t..l .� Q, � .. '(r°r,. is r,'f::fir'. It, ''t ��;r, ... r. ._ ..,�I i .'t..�l M,`,� . ' r ,�yt�y.�+� f 1 '•, r y � ' t r t.�' , �f t t,,"J i _ r If , .` •ti 1, ' l�i�I�M1 + 1e .1 \ - ' , r 1•. , i .1 ,�;. r ` MPS ni 3 y � � (X: r , •r:.r� .,,'. .. �; ,:, i,•;r_ �: ' .. ', 'r iy r +,Q�1��lFyy M6 E21 fi Mixi O''P'S �tions'genemte' cwh and'itirnsintain;liquldity both throughitheir operating ` flawtaiid,t ugh•iha' uti 4foh,bf a line oftcreditlprz, ided on both,•a term aid rep.`►ofvzng' " ; - � r r!• y r 't7^ 1. .Y a' ;,.,r _ t r.j 4 S ,'. ' 'T Cu iiiady,16 line'af credit fi lvmlves a revolving.loan'or up tri,$5,500,000 An r►ii'atiorti%1hg ` , tit 2;3n a Wee `j t�rmi tarn i l la;`g IMI xaYe` of ' s,6W'a;rnonth wit}S e,rernairiing` !is of: ' lance t a,095,`000'."s o£' ' �+,,. `atttSul}t I °ryub�i '3i, 1'�g : ' i:h of',it a of rating` subsidiarles in other:�ibountrfes mainlain banlriag � :,;.4� rain BUD ,? re[atf with ldindom�ddiiu Clad in their resp+petive c:ouTr ile; . In adrditian In the UrittedrKingdozn, '`, tl i S furia d ea shed Thgr'pR+aF: oil#ty afi lectranfc could be�P cted if i�scrraas+aR' in.`�:vsts :r,8ussd innation t;` 'f' !", Mai 1 = r• ' '� t1 be ia:j*d ors,to customers :;.'t; ' • ( { ta; the;titan criteria•;puc qrt('`, ,^ (tArplL] p!«y ''i ; ,, 1 V t,'� , i T4 i .�, ' t• , dehn Pa`E;e>tatter 'garieretlee -cash and 'rn nteins liquidity, fi611 �a com nation.of short-term and {, ;,y •.`.,'Y:r. • , ;, lCing t@i'n1,1l�r]1`c@�, . � �;. ��$�$�kT1! jj ."The f Tlie: rrfrii�iry►'snurc of.ceipital fncWde financing and refiiian�Ong bf propertiesiQll�ovcr of. prdvfsitut f+ 'ut><s rcic�ctied`disbt'sind aoilatere�l financing; sales of proneirtfes;'send raliaymenis on receiE�sb1► from j t reol estsiW'salea, These s iurces criraliindd writh'current cash resei�yeA are' xpocted to:be us©d iii the' hiture to�e�,fAbuie towr;rds; reefing tries capital`iacjuirernentr`for`,develapm�int,activities, acquisY-L . bales iw I tfohm and.serxrfc6 of existirrlg'dsbt:`Addit$onal,'poteniial,suurces of capital or funds,•in the future for eli trpi iiic�utt�e rash flow,fro±n oper�tlr�ag and ccrrxstrtiction leans. hlsnHgeuient tie.ievestit 6s' taken steps sul�contracl f� to atrtain anw;.pm for 'iiifficient `fiends to meet. anticxp4iiedI`needs,'• hovrever, there, can be'•no z F sales; riii a rise nmCee in.Lbi$ ',''ogerd�due to'the u'r'.6 rIteinty of,future cvdats: r(' " I urin,g" `tile C:ompren}r was able;to'provide hciria buyor;;.Wit}' more, £avorable'long-term dtarrMx'�a `tt�rms 'thin', h®d;bean available 1 for the'peat few'y arsr ;7'liia'enabled the`i mpan�i to ,,, I`jet.re) _:r t:, t ravitnliza,eta rea3 eActw oper�rtaons, wlifch rasultad'in,the 'commencement o£ major.new:projects,' t �' r�utfed;:fr :'!+' r It 'r - ti Sales fsi thesQs nervy IZrr�fe :watS`ai, th©se'In'ongoing projects, have helped to i�acrvssw aPexattttg , cornrrieri:la r.a :fflowi frnrri'' trove', i;losings.''� iaweva because`o£ t}ie'vol atile'nature of mortgage 'interest. !.'. xiionths du r ;.tliere:oati bar zoo aasr�; ce that` favareble long=term;iinanefng`will'cantfnue:to be'av$ilble; j•. by'veicacr y', . ivhictx'woultt:in'turn,cuiGii sales Od reduce operating cash'floiws.frrynx escrow.closings. r ;t: ' ' ti; i niel unit r' Irii;the, st; Pactttistr.hQn crbl+�, to adjust'sales prices,ta nset'the'efft3;cts of irfliitioii on ,la'iaclrend`deMct«pii erit`co tn:'However, no assurance cari'bet,ii' ided i6t tl•.e'ire;&estate niarl<et ,i t In'temst C�•i x wixl.erble Yace #ter, to continue,such price,ad}ur..tinents. (see';Managen+snt s. Discussion'and Aire 'Ysla of the cin3+niideted`Summary.'cf Upotatlans — Rest # ti Xri wMe cases, Pacesetter hale;provided its owti'f�nancing or maids"sscornd trust deed-laaria in P, y.c +.. a�aivitfe9; ' ' . order to isall real estate at,'stata� interitst 'ra...s bcrlvw rinarkc�t; causing'FacesrttaT to p03tF10I1e'th0. '' iisal zatlnri"af $ubstan`tiel 000reting cash how"'s•uritil rlqubka ent years '; ( • home sale r. ,' 't ! S L iac, atter' wmawa``fra;' longterm,saui�ces, generally, banks and inaruance cbmpaniQs, to finance projects,wlxickx l�acaaetter intends to retain.and operate. At Today s I ' es rates;:noramal opera revenues cannot 'support the debt serr ice of fully 2evera ;Pd �sperating Pid'' 'i i.6s.'�As tr; Gene tort• '. 3ntQrest xrates' and ,the`reziultitig debt orrice' Increase, the`'maxtinuln' 1,ien amounts decrease, ' r' declining t ` " ° ui + ' car or cash invastmoQtsri ar er 'to deyalap a cairn rb `erne eitltar a substantial :. s ,. ,..k pe , g .P p , , T,'' costs;ovsi :•, zash itnv4staltnt ist necessary,or,Yacus�etti ts'requirr.d 7o a'UMaI operating-casl deficits. additions The residential opetattxzg.pmpertie's•will cause,sfgrxif;cant operating±cash d0ficits luntil:rants subsidiarf ea oc theproperties' 'are sold.. ' •� ;� i,ncr sre � t , ry tit. ,� t • + i ,. ., , ._ .. .._ ....�.�.�.�_.._u,.,..,ii,r,.�a..r�.[rarf374:.1Y"tM.i•.�.i.1rJ:_lL•i.:d'.a rrYiL.dYu1.Jl�.I f''�' %''(' •'��' '{�- 'S'.,�r' �- ,1.r Y•{7 ;t' /I, -1 �,_ , 73 _ 1„t f' t a , _ tl 4 f ( p. t' t t �t.,tr .� 1 i,f�.rsi : 1. i t !• i t Y� , ,C i/�t: [ l t ti * Y.,Sf t�'f 1 's!fl •1�� ,Z s r , Al 1 �s S�" t � , ' •'f• t ;1 '> .1�� t i 'f, t- Ir; 1'! 1•ti;. 10 M'!.`•,, y r 1'j� ,.t f ,. t. i•,:t, • :r .�:•i�.' h 1, '; � r )±'M ;k jj 'J t r• c' t . , ,r., 1 7 ! ,R r '�J`, ��Y�r<�t�,,'r t� t r,'..} 1! , 11 h.,• i S ,i{ .,f� rt• .t. f t� , f_1• r ,. ,r',+ `, fit, � / , •1s.,;Y• '-I , r.. 'Yr r ,,. � a4 � 'It r`• r'r -ta r• !Z;•..t'h t c•. .!i , `'. +rt� ^•,�f�t1,� ,r R.47js. ,i 1 ) ;�� i h _, f t, ;l. � �f S �r� I \• ' 1 9t•t•'•. rr `A�i`:rj,/�'`4'•},* LI �.�'.'r["i'•� 1 5 ti, ,,}r.;f S�Sdsu4 i � '�� y{ :,, t {tt » `r' �i 'i.{, t. c Ate. � •: , .•P+ i �:+,Y•l` •t�,]j Y 1'. ,1.'►�; • 3�. 't•�!4`'1, '; h1 (11 � ,� .[.•} t , '. .S t t' t r �: •+�;r �=1 ,r r .rttpA '• Y t r ., t 3I i, 'rY'd'�f,:rt;�1:j.:.'• �S,,`-� ' ,,4 j ?f !+,��.t t ,; r )>.. r' 1 � z}x f "t t �d t,�;, •,. ,; �" gyp'.•,!";, ! ;t�*i!` ('p i• �' 717 Y f t 1• t. rail,+� .�, ,,�; r , r((. , �+.r,r ' y l.: ' ' , �,' ' �_l r 7 , •/ +wh l�• 1 X" li,,,,� -17 r"t�f r ` ' ,1i, ; S � � �•.•'".E; ,�ti , r } °• y � r � I Prt .f1 .41 ,.} i, , `h: `=,,•f,. •'ti• ` ! ' ,.'. r. ' i '• f (�� V�t 1 'f�•,�. J , t.? ;jf IS , ,, _'� t t..ji -, � .', � �. ..-f Y� t.j,r .i , t �ii +Vi Iha rE' "i3Oyr++ytr 4��,F�1 A'4t ,t * '(•(/r r. �rf \ .,lfes tik:ri`it�SY+I I _;,s, , ,P � .Ilj �S 11 ., : .( { � �.. I,��l,Y.�,a,t, ;i`�'1, ,7hr,k, �rr,t.'r' rt.�ri.}�ir�r+...tr (.'f' ./t t�' r� t ��f'r1. !: f M ,r`t 7} '. �, ' ,t. •,, r�;ft 't`� ' .'•'�t�� •1, +ir.f7i .a ,y1 nri. !v:•,`rf<.{ 1. .e=S V'•Ct t +t r,I,f!'1 .y. .' > .( t ! .lr` 1- ,rtt� 1 fr+', .7�.� •'•. t. : ,r�. ' 'ifr.',A h'-i,j•i,V.il'`.�r::�.�,Jr4a'.:S«I1J✓.,•t,J+ •+. ,{ • r' i, `•. ' ` ..,,`.. ! `I f'`.. , 7 • 1 ! ..'f'� . { • , �i..' t.nr4'...eI.S,Ituh•r:1al.',,.r.hi.)..,r.,!♦ '. J:J.f.""=S`•.. L .. .,, :. - f t, ii 1. k.. , r,• •M[ KAGOUM S DISCUSSION AND�ANAL'YIS� 't ti OF '1"1� 1VSOLI UtAT�Lf`SIT11�ll1+i�4.RY OF OP$RA'Tt NS Jj ,11 �;r' �fr`. ' { ��`�"'W���WNP+T a• `{ ( � + ��'•`�� r' " t ` ! .. r , f .. r .•' t I' ' r•r. 1 � 4 ` �" f ' t LS,•, 1 . .r', 1' t l t t. Opt" P9 .> tt � �� ► , Y: k� C rBVO�VfIi�, •Z '' '�a+Af� ���i @ `, / . . . � `' ., t .r , tif6 Izin ;r '` ; Se1e+s of r l estate•inc:reis6d '26,899,UOt1 ar 1279F� in-1983 over 1982. This was prfmatily.,the' 0+30,es'of ' t rttirsilt`.of'a . Yiicre ee.iA:tile'^i�uiAbsr'cif rf id, jai wi ts:to' ;(341 homes +auaa 3� Iota In`19i 3 ' ; bAn n' , v iia"200 tivr►•� a i l,3 ,' crts ia,1882){ruxribined .v�.Lh;$9;603,006 fii;coritm6 iai sales. 'C1A�t�CJ3'll�, �• =t t. :1• :�- • . ' �.� t � t'`��•�Ct� :I ,;. , :r � '�• ,14'[Tr %� .} Darius 1983, P$Geeetter resduired the:�carrying value,of certain,tW est�ie lave»tory,by,$79'4, tt + , and edexsed preAouily provided ellovr ces b"y 1, r16,060 iu order to reflecr'the cIijrige ixi tlietir ;t iiiflatiori _ current iiierket valu"S'A'Yro► totsliryg$iDti;p00 were dsferrod for fittrgticiatieogiu, ii, g upaaee.i ue �� t " Iri tLrs #rar'ac'cfis`�fs#llnt � Ito'-meet:tiff inum ,d ;, t i f ', 9 t3 ni' owr' psaymeni . E ndlcu, cantinuirig;inyolvem'saii criterfa; grnfiks on these 'galas will be recognfzx when n' ueh`rarite ave Met In addition,-p tifftr t deferrer'Ervin'pri6r yciaisrs totaling $E04,006 were re►cognixed In:1083r arm' and illovQr c+f. t: i. Sales, for.,the :year, envied.,December'3i, •196 (increased,.$395;000'(I%)'.with income; bit6re ei"�y.n provision for , n.corne tows:ind msing $181,000 Ylen.co inpired.�to'the year erid6ii becetnber`3i,'• ad in the' 1982., acquisi Sales Incre'a8ci in the Gornpany's •electronics distributio•ri•bu-kines9 duo to increased demand ia,future for; eiitctron",; c6in.. n,ts. S a I o s for,,.AXI decreased clue to completion of Ynaj& govsirriment,, ,Ert steps ;+ Pubcontracts,in 1flt3 : Inccime laefore:pri�v (ion fnr`in►;amv t.'xas increased due to'the,increases'iri';.:' n tago' aeles �ncic:r`edixcticin'in, ipiratii:g expenses: uapp term ' Rentau[ hicvine'rind.B'xpenis�e'"s N; t Natal Iosi�i increased,-In'1983 by .$632,OUq'or 29�i4,r as campaxed`with�'l4 k.•This partially , ?rojects. �' ' rt txli�d;� ioai;•ai ddiit6nid Aepreciation 'airid interest' incurred on ,an taldustartal� building ari.il a pereting :<< camn t'c�ai'oifiaci.'hutid$ug ist?'+ pets#ion;Ear's: fall year; iluringr 1983 3 Vekiits..oiily two ta' dii4s : to W ' wed i dra mtx l e 'ailabj , ri ii b� '�+ ;iciae ui b the n of rtsi �! r f ` r y, req � y a e opens g ce n of these units,for sale in z,83 (an ava age o 263 ientn7 units'durinS 1983 versus' 260 rintal,units during 1962). j tiY LL on ,3 ' , '� �,ii r. a � t �' .,' � r • .t h. ' t' t � ' ,`, ryy. ni�urket% k ' Lrt ei+ert a% d;oth Ili cure ' , n »irid 1S,IrYtex�esf and'ather'iracpme decreased clue in a.reductlon In interest incariir~ rresulting�,ft�►m ov0 's $10,6,bt7,l)0l7 !n peyaifsr'an principal' payments an',receivabl s,from'z sl ti tate�sales,; 'his was .• (alto ih : p sty•off er by a'$545,600 fix, in In" gene rated by�the Company's'other realestate ' 8,i1 •sties. mcrt to a bHiilcin , escrow and 'hams firrr.Isltirt',s caused l'rintaril b tho:'ircrease its ne the r , t `�. ( 8. 8 S g ) P Y,^'Y. . ier �_'to f. nttrnf and Adxhr fs�ncrtfVe; r f formal "` „" t r Generol and administrative o,)s+s'increased $510,000 or .16% in;they r al ogtate.segmont`while gig. s ',declining' $364,000 or'12% WAD elecirciriics,segment; overall, this resulted in, "'2% increase itii e~<itiai costs oiror 1982. 'Tlte cast increase in'the; real.estate segment Was primarily attrfbuta.l�lg to'staff !. additiane riei:ssi!f tad by'the IM63"'eln de' elo'pment activity over 1982.The cost decreaaa in th,'. electronics` sre 'M was 'due priin'srily to cutbacks ,in the 'tnmixany's elactronirs dlstrilaution ' rents . :' subgldiari : ' t 10 , 't,'t �_�"• 'F, ,' r r. •t� a+ a 1.,1, rtfi,'�?^!�,('�1 t�'�f 1'f�..i.'�i.'�'1� 'I' ,j••'j .t�i 'r' �ry �I, r .r+ .1 r ' •!t ,.i '�i' il.Jl , t, ♦L'� _ Fr�1' �d r�r'jj � iT., ).. j 1 , y' �j i;r + S. .�.� 3 1• '' � 'r I r ,f.' .,t, 'r4 (. ' r' .1J1 .i! l•"1f .Y t , ','� .j: .t! t. [r +, r 'f SI '{ t w, .'t ,�`• t �'.�'! •!h: 7,:r.rr•'t., �.[t -; t, �• `J. S�•ri•,'• t ry. .l.'('� i r i' '�•�-' [ L}}� + r �iiv t: ,f r• i i',t.� '�i�•.''3'.�'Li,1i4r r ri .1., � t ) '). ;1' �r,',' '•(�•j{(^i{lJ'' r` `''�' ;;i. `.,•1/' 'r 'j=. S ; , r �.rr ,i(.• ..' t ;, ,'�;4.. '3 •Sn Ti •r, , �j1. i•yy•',' t 1, 3 ttf! �+�.74T 1 .l;' .' •�' t , ,'i, +(: .,r•• r,,. '�� t �_, t =r(}+f• 1•• r1� ,4 rt.!y,, r r1N0 r'it a, {f. t��•" •')1 rRl.: :i�. i ,� ,fr ,. ••r .t F " c ( •.� •�f ,r ..t�r� y �, rt s •lit ..,'w" i�'� I' �� , �} [. ' l J, •r •r,f?. ` ir,.�l, I {, t J;i J` r• _ �i , t ,r' ''�•T"'sr r c ! f. , ., l t : . 1" } < J.rt. ,� tt }, Sy"•" C . ,ff �4+1. � + '+ v r'J.J _ '�'``,� �'{�•L�f5i �,r Y " ,t !/ :5/. 'E, „ .'J rr, y 7 t '}'lr t' ! J + � { t, -t_R /Sp. :•�'y,•r;,e'� ( . �,J�;rt. (3 t. !-� " t� 1. ,� :r y ,1 r9, .J� •'. !/ ( '1�' ����.� M 1�'it••� r, r ,tJr t.'S.! !r f r .. J :r. r t. f.r �,.�:: ., :,, iG� yt/'! t,.•[ .-�i 1 y_ ( ; i ��/, r,e`,p }• .,•it r ••� r1 - ,�t if y�',Fa ),' •1,,,� ter. 1.5� J r JI ri [ i � a ' t rt. , ` t 7 'i,.'t J•' ,C ' 'r • r 1 .4,♦ r••� Y ,� .7,' �, .l�.,t ;r 1• �' t, t;, r tj y;�, � i; Ir ,�•r ,, ,( .{; 1, •Yi '' :�" ti k�:(tl�`r)er+��''i,`!',r+�jr•{�.a'rt' a f('�; r,J ..�r,i•t )F ( t ''r' �f t :l� r�'�.,r(( ��,^! y. •. .,e� r� ,,��� •' , {•11+ rx� {. ,w !"�):` ,!• .f ,l1/LI - i t 'r c .t J .t (r• ��. [ ! 'rt i J ' :�r1 I}t;. , (` .S ',r' ,(r' t S r�.''S/ v r + r .b� :J + I {rt �� lr. ,i, ( ' , I• �r yr•{>��•i [F/; '!.1 ! =r ' .ti,tc ,�Y'.,rn(Ci.,• 1 .,.v . f -t _ 1- c , r ;,'•' ,,�: ;r„ , 1, ,+ r. ( t' i, �,f .F: ,t'•'ti" :l. t:t ylt ,•1', �. r ,%. t i;`:�.,J r VVX{ Vw q,+ S •f.tf. ,ln,. h' tr t , •!J ''�t�' ,r,'(..y. t,r, 't, t,y.. ,f.'7' •,tit4,t;�{� •'' +.i� .,•{• .t}_ .; t„�r', tJt�+��7' T :o•ir r t•.�i ,r�: 4 .lj v(� {: 1•J�.r�}.Sfl't [: } I r 't., ,�L .0 '1i.,1<t �,' i t f• t, , '� tr 1. j,�.`, r ,•. {_i•�'�!' r'`• ,..�ttff� ' r,r �',;; t '191 +tt { L r.t 1'• ++ 3, ,'r't, t, 1 �.! , } .tot ,L�)._..a ! �'yyj,�' r ✓ LF +,7L�Er l.rll,'{ �' ., r"17 t t :< I , J a S:K•Ya'1T.9�., S9f't,�"f",.`-F�a:ite Ct,:.3'......./t� t._..l', . ..•tL.l.: i. {a f 'v'._.i!'.. ./r,r .. .t .. f:: :t •• r .rC.�l t •<!?.... 1 �i t' '+ .t1.,'I•r t , ;Jj 'r•.'(t ,1'• { •` r+, I t, {.; 17 {: ' 3,.G.�r -J� t ,.. , , (• t' t`.• 1 , .. ',r+ �+' `'� 't 1 ,+ yr' �t1r t •. ' [J(, ( !' .(1,.4, •Lr 'r 1 � r t;r♦I { ._'' t S`L;,; ,'y , 1. ,t � to � •r,•�t���[, /'y, ''f .t' r t ✓�, t " 'f.4 .. jf .5 } ' � ! .• } ,7 I 1 •. 1 t ( r r f y � t r '. r• ;t r y"• f f ! ! t'r ` 1 } �'`! t!tr , ' , r -! , 1, , ,f t, •' , , , ,,t � t .1 t. � •7�AtY,�Ifi+ to /I 1 ,(!t' y, 'r., !'�, �ir' r�i!' ' J t Sr ry-y, - j r, t' '' ,• ' •4. tf i. 1 r ; ! � � v + ` ld92 ou'cocdlpared witb.,10I. DOdbQ 1982; P tteior rbducl�d f, $ildra 1` r }� .�.',;� � � �'�$ f�'0�'t'#�A �;rel'$�d�9 inYeAtl70'y►,l}�.$2,t1191,DOD ($1,"��14,t?�8 � ,• r '( '•• t • 4 ; �-radEert .the x .t'' ale get .values.' In additi i; wity ia'` vWl b6d d ita,{ opt nn 1t Q1;'1354 .►r- 'r3r :ii co te`to tLi �g ,a e;iic a � s ;t a iii'X981Ywers',r i�r d' to nwir' f: -mks j uent r icoimida cad the'*0 � to } vn l ug•uo�wAble, Prof1t :totaling. : t • t '`� uate i�rn�rn yjaentj were drxfferi�d for.' i t�! reporting .��.y.'y'_se� t��i',Sy�84►o(tt "!^r" J• r " �'..C` 1 livAtdi� Pr -•on thasi-t+eln Odl b!� ibc*ized,',when'ibe,r aquir�d. prinCipsl y; N( r.„ were„CaR ' rec�rtved iartd'c sa�tinuing,i1mve�i6ent�C�riwa a►n tnet. In adriitiot�, 288,000 af,iirbfita werun!.RN'i r i,'M�VM iif � 1Y/1 r• 4 .. t ri: r tr, r r ,. ,••t ,' Sol 1 .., , i .•, r r tl, '�•.'.l r a, it -` •i tj..' ,,i.. � � J', r '•'( ', . S ..�� 7til►3, �t:rrlluivi�!far. clnu� t�,cnvery.of, xAD,U43� rif rcaidaeblea frtarn areal'Mete inven 4' r t i (;A zel t ust�rd, d e'> d payable to Plec�tter In the amount: of sz,rtfi ,t? waa defaulted 5��.�•,', y('.1 '•4.1`�p rt`ar d�t+eValuad�8l fTL' 6l,Oooif! ' ' t�• ` 7'I ..i..' .., r..+,' .t , i, ' ,.i�; IL`. r ! �, '1 i:,,:j"n{: t'} r •7 '' .. � 1 .. f t 1 ). 1+• , r_•r( I t �� {/� •X�' 1r )a t,t Ij..L •y .t_ .foi,ib year srided L einbier,31;{,1082 inchwispd $21,549,t)Dt] (28 %)1witli iacomv befi�ae pm r► 'ire to ,dracareiesin t*t,1a?!,t]OU,v��hen'c.om.pared to the year`ended Deceinbar'31, t .198A. The •�UB�i� ,Thdd.'1 e' is itiaa.`v{r : du .'prtineri�y`to tbe: acgttiaitien. of'Facasiaiter,'�leatibzitcs rn u , ;tS't+ ttisl;,Trie:'tli►cianies before';pri�viition''fox?Ir�c;�►m®'tuxes:, dreese�i',prirurarfly d`ue to loss$s 1; '� J�lcmel'iif bi svkWni�3�bk Pic to 'Electwhics Int.ern�itional; Inc, ! 3tt. { I;t'°•,t'r Lr .t)�t�.)I ry v, .,r ,,Jt - '� `' +, � t• "• L .',1 . y� a„ � ` . ' .. ` .i'•'�•:. r�:'' + a�7»ca��e att�l�cp►lsva r' � ' ' � •�,' `'� ,� . ;' `•• Lhtirin .kk i f hTaR iror�f�t Io4s6e decreed in 1082 by, 468 ,000 ove*'1982:This is•pximarily the rfisult of ii+j `.x'eri#ail yosl of taitein cpmtneicirsl and industrial operating propel iea. ' t` t ,' , '7 ;iYaat i iErin`other iri m+tt.d ct in 9e2 by $ i64,000 otver 1981.''rhia Is p:i arils the ` iiit rest,'t t l+ ` :` ,, ► t"'r a`liYie:in`Terre, tter..° si n Conter:okratiaris,:.", hich ,a're.,.' hi itig�related to the c+oupl�d tDj�lAle G�� e6t8te t „ , :y is��'t,� r4' ], .t !� •!Iy ? ! ' yr,r t ,., C j _ ,� t C '• 2 j ' niria :T .,`' `t, Idinr aetid;�irldFv+e t �' •,., ,. �t. `• '•-, r!` , Genei eidihinlittkiva cns�ts"rese by.9%A. 16821due,io the,additioht6fsdarir�s; ineu'rance, r and thew tfa0 vth'e�r paroducti en`d samiceg required in the operation of Pacesetter'Elecfironics; which is' rttaltyof#':iet by ileal(ne� in,ge`.nerai grid administi tive'ccets at PHI csueedyby;the reduction`ira tt�r'i +briar and``'vmpiakiori i�f employees.' hXWE rrrf t�! ' it.'.t� .�j,'. ' :j, 5. '` <,. t ' +� it1,, (f• qq• t f Ik i r ,1 1 ;1Y',,�,°.1` t: t.' ,1 •! ,.�'' ' t: , , t. ' '11: 1 � •. -`ry star t 'exgreasl3 iaparted'in`,i982 increased'by approximately $1,9 �,400 over sal adu ;a r t: ►3D1];llai ' $770,003 iesi►. internrmt.batng:'rapitalix,ed to real estate",projects, in;1982, pursuant to Financial 4. ! ; Accaunans Staridw'ds,liaard Statement of FYrancial Accounting Standard);Na. 34. The remaining r E,M 8 - 1 $1,22Vi 3,I� 116� im It bflhigixar outstanding debt during.4 82, '�> ��; r ;its. � ' rl' •'f, r. ;' . ,f ., � � � ., `� �+''�t �. !, ` , �� '� - tip ,. , •r. � ;.; ' ' ti (. Thi s t the date bitt e en financial al; It {r ....,..�.a•,.•a:.t•.wfa:,Nt.�.q i,rn tl4:r'1.3Sial'.,^..:It y",.k}r.fOLL1r.' t t fr, '{` �r3 r }il ti ,,It � P. t r �, '�'. ! .F S rs lj r �• ' ,r S�y.'�.�y ..�}tf� '` t t F. 1 � � Y' t r.t , r 'rt' �' t ,' ,�• �J � +� ` � � � ' � � ' 'yt r at +,i t .�rl" r,. �•, � >' t k, i` t t r t� t r I�� ,t ,�i fit•1* s r N� r``�. r t{ r� 2 '1 { �.�'r t ! r t t .��'S t t' f�1 .'.fit r i' �S r{ �•�..�. t i; t° r .l` t _ s rt • t �• tk�' , r �t1 '� ` ; : . i t` �F �', �` k 1 .t.rr 3`' k' r�It� 'tFX ; ?.r � .Sj �� ;.i�}t 3�. "7t � t .i �. .# T •�J :Y,7 r ,' t".{;:.�•� •��' .-r �Y� t trt-.':�+rl'rj', t�,'yy�'�;v r„t it .:; �,r, +" t' - � •f. r t r t Y''! ',5, 7�''p�S'',•',''ktt��th� t ��i.{�'ft;{br,i � �+t r '�.,k t.� ti = � i. t' �, Y� kj J t.r f�. �t 1t �' `t i����1 ,�yr .•� �l`���`�� cei ,,:{..<tTJ'; ,;�}S�',,�°f� •��,, it fi �r+�fi �Jia { Li `� t, �� tri,;;) •r.. + '. J.,1' a ,',45r t.: �'� ..r'."tl , r.t t .rl `sEAr�{�r:.'.Yt r •ire I , , i� xx �.�. :.t._t ,. 'I'. mot' ,a.a:.t.Fl• r t� fl' -•t. t it "f yy. !i ft• ; r ., 4 �',!: t E.,,,.• *_[. �, f e j,vf real ae te`da a sl 32 irt;1 I $3 1 'i �:d Alta MO. Mihile m proRti an afatee N t itnedii ' fit,=the h(ghar ��icidt average #alifs"�riae`tri i£iAi p rNrt 8' firrwer,oar its,"reold`in rt t' risk. � , . �, °3�1k'y��l5+t•���`3�1��,�+�`�tii�"��'lftin:f9�Q}. ' ' f'` ,�� , ' . ' �'•� ' • ` ' . �., 7 r•r ;�' �... 'i•,r� t� �r :r Duariaug;,l98t, Paatter, atrduced the certying ;value''of ce�lri n, reel e�st�►te+ n +ant ry:.C y $1,504,ClaO;($56Q,t MQ.in 19t34)`lrt ardor;to Wfleet`the'ri ducad current rnsik*t vrtives. In a�dditf6* land d.e `itas;o on, ents fend rellm rcr act costs tote hi W Ot10 139 000 111t . 3 wore;�`char�d+d;�u', ezpeanrie when meairrg�einerrt;cansidea�+acl the Proms. to'be;urrfe�ilrle. laardflts • , totaling S1;2x9,t U."from sales with Inadequate, clown, peyme»tip wears def+�rz�ad'`f+�r ffri�aru�ie►l r4drUng` uroies,(080,000 in i ), Profits on t�i a sale$.will be r coghiz cl wharf continuing ;p iav+ t ►entiteiria are rziet. Inaddition, $195,000 of profits deferred in previn►rs;years was �d r i :ogn;zetf jn l o8 i t tt Sides fora the year ended DtrGBrtrber 31,'19g1 is creased $i,949 ixi, o (204�j;with Ilea Buie Wore qre •`t pm'ifuiari #us f€a xue.ts cea ihr is ;$52 , 4 wla a cvmper tQ thir# yearend i9,8t}. The iricret�era in sales,waa':3us to gin:itx aced deMani ei�d higher."Iirlc g fo;c certain of,the f f i Carmpany's; ifdii�t§ ;Income before pr�ivisicrra r frir Income 'teas inbr6aiW due to the incr6asid . }saes f level of business activity, R(Wrai hi L+Y' � WR .�3+ 4fi7TJ0..,t .t' <• i - r . �1� � bar Ing 1981'the CompanySraalized'the,f'irst full year of,rental'Qperations whirl,`resulted In net f the rente'l'tusses of 2,632,000. This was primarily theresult of interest,charged-to.rental expense: 1-merest crud Other Income Iritsrest,and 'other. lhicome Incrrsased in 1981 by $3,544,000 over 1980. This is primarilyth 'r. i interest,,the result af.a� larger average balance trf receivabic�s from real estate sidles autstaaediin6 ytr ,xl , the coupled with a higher average uaterest'r+ate> esezt and AdmWatrart1vtr General and'adr inistrativa•co6ts fore by i9' in 1981.due to ir>f'lation in st►isrriss;'tusuraaacp, �`snd'the'other,products'and sirvicse required in the, operation of the Cs mp nor.' ,ance,' i on In Fnl+ara 2 L�'x e+n�se t �. ;{' 4 Interest expense reyaorted fn' 198i" ulcre'aiaed" apparcrxfmsteI $i,a{}O,oQU '.over 1 8t1 due to J $1,200,000�less lnt6dst�beixig caxpitalized '' r+ed estate gr6j�cts In 1981 ;pursuant to Finsncis l i Accisfrntiarg Standards Bc rd Statemeaat of° financial Accountfng,Standards Np 3C The`rersraining 300,000 was the result`cif higher ou# teiidiug,debt during 1981. { °n � kle to M 8 —� Ffnanetal Statements acid SupP �' --lementa Data' - Item 14 . infng .cial •, t ± } iA1Utt{4!r$ JDI Fi>aae►C44d D�idos1�#,''� The Company has not +r:E►anged its accountants within the twentyfaur month,period prior to, the date of the financial statements included hezein. 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"(. is 't.r',"t, r .1 -��,<S 1 i11 U `�',l'} .lii.. ,,'f - - '�1 ' 1' ` , ,� '.:R:N1�!rnl.,'Co 'I eitly China rift cif th! l�aezd� ree g ed ham the Hva d:of girectore on ' ' tJ,+.?} +t ` ' Momr ''LiI►, �.o usl.,Wti"'I'cfep , v lhsd irar`ved'on thle I3o�tc! since-1 Vie;� i r , Klti F'ariii .4j ,(P " r�yfl.,'Lµ •'I, 1' 1%;)'A� (t , _t r +,.`, f, 1. c (/' \.. {. , 1 '.I tt( 1• ... ,( t ' �lI44•�1 'tI r`R •tr. ! '}'I St77i rl rt i. I.' Itt .'' oll I +�.,7�j t fI •_ ' , .. •r, p I ' . .t R I,j II l•'j";lt. .Y I �. ' ,l r1=j,. " i t a.F,T] f'�w j�� •,t. (' •t,0 7a I'''rlt.(, I' :el Rt '' '�:, �31.�.`.AAl •'' , . 11, t:J - ,',, �,i.1'�''. t ••� I Iftut. I J,�, lr.-i , I, 1ti Ii! 1 .+'•. i.' tr .' !•. .. waJ��� t ', {�'yt `i,. .I''. }I 1 -xj I'l►, f. 4lt j\ r,i ,f,:" 1, f't� '(' '!i."I I��'t(tom.I;t,i i .t: ' It. I. •}, ,. ;�1• "^�j.,�� ,ir' t :) :'Lt '' 'jandt,',M.'A t, ti,.l'i� I .'S. rP , ,U f (1 / J, .i f: r�)'!� il. ,f .(!• I r`tt. a' 1 F tI• . .J 1• r•t A `.�L 1_` � I 1 -w.w„ iw� '• .. '. �' ,18 ".1 t .j�ti .W.,Klug;1' 66 ,rt �rector,'ChaiMnan Preaidarit pf the:Cain iany _ r ' i 19. , ' t IA," ' i p ,t , t i y rl e; .!`' r ,'•, 1` '' of the Aoerd, . , and its Tacesette'r'subsidiary, ;(' ", �r I<y} 1 N� i �, R. SI rA,� .. (:r41 J , t .[ , •y��1�1.. y �z l •i t +1r r t ,11 t i P 1 .. President end:'i�hief, . r'' 4. P v l2'. `I I' t.", K11 tg,I {,t i 'r; r. 1 1 1 't + :t - r ( t 1 ,14iU.v�t t3fficelr ,,1.. , r ' ' r I��/` i ��'Ul� } ; It I.) } 'st. tf S 1I,f Ifd. Cr _ ! f f,.. , l,, f (f,Q " ' 't 4 '� 1. �d .'`r1 7 `k,'� t:, r' 1.T�ty`K::.S*6ii 66(Q ` 67 , Aire��tor t- ,1 M�uiager of Exiklitive ` ',l { ' 19621. �y ��,��'r����` y�;tEt. I (, `?;. I f1 ✓'. t qr`• j ! rI r n (2),I +7f41. ." 0 i f {1 I' T R /t'j• l` 1. 'L + ;j Y,t l ° ' I. , ;' r .I• j1I ``, s ,' Develnpin$nt SOuiheTTl` •�P , iiYY . i , ; fn`wh� ,�,; f • =I ,, ., ,t ,alifr(rnia Edison Co:, .•. I`: . t'' , n. {t.r ;; •'' ;A,. ;;' i' ,t f ", +; l (Retired in 1 t781) jF to I t1:, /'. }P J 1 t. I.(1 .I:1. ,( J S t ., ',. ',r, , .1 -i , i4. I I'F (J, 11-B �il c it '�' ' 1. bns .,W. K�lliein,'Jr,(b� r4 bir�icltottr;,y d(.4;r.`vy��y Attorney i97o �:' 1. I.�AI®riai i,�F I t, ,t j (�,,�`( 1!'r�: •.,Iv•I'1 ,• r J , �w�a'f•itlnt 4TV4a[7LIIty F II. :t'. 1 _1 It ,., ,. ,i , ` '' Ri; }t�f'rdT' l-Yoliand '. r �Airectar 6d:' + Pi�esident'of'Ak'I subsidiary 1 171' " "I'Ix fo •y''i , If! ; .,'. :: 'r. ;t i. " 'Ji~d Px'tsitlerrl ,, I ( 1. f `'sou,ycb�;, ,+hart 11I RI (i i L� t 'I ti inciiroct11 l ',:; t' Landon+',�,i Exley ' Ir' S2 Direotar end . Executivie 'trice President of ' ` 297311 Y'' ?;, f ,:. I' �:, ('E: aIti. ;"�i,:e'Fi�esidont` Pacesettar'Rul �r'P3iexy, ':r + diroctors a 11 ;, I7aVId �AWkabdei(0 , 53,," I]fret to'r, t IPrii%ate' investor (L;oan. ,t 196a1 ' t1. Clfficar of-Mercury" { I� `I I .5avings.and Loan until 1.John W;i K. 6, I 1. i , ,14@1 t. :i'1t • t : I T. .I 'JahiIi4t 'P0 Js i' 1 I, ,t ,• '1, 'l. ,it t• 'I ,I. f t.. '' ,�:)" ,Jaltn R: 'aleri(rlI. )..; ; 3l Secretary' axidt(' sf Chtef�FiilanaIal 3fficer n/a ' ; T.o.' -l.W. ' 4� J. i. • Tihiint�ial`b#fi p' r r� :`af thQ Camp3ny. d, ;' r� It rbe '. j}?' r ' I 'r r `tr:•I' 't f'r, ' ` ., ' '. �' :_�, - its•Pace setter. ubsidia:r' ' .', ` - , `� �ri�toai�M; r�', ° .. .'.._ •. ' , :a ,` r% t, :', ' ' :+ 4 Dav d*"Ales+ t!t�'. (n),, 1Vir. Swenertan.,ie President.of He . Swenertan;:Inc.,'a mena ement caiisultin r.�rn an �F' 3'; P Yfrnry. K. S ''::, •'•`• • 6 "id•in' ul • 1981. For ei I`r[ m n ears` Mor`ta that date Ivfr.:S�`anertiin served as`Mani of ` C t� t ' itJ Y:, . .. .. ,,:.8e .,Y p, ..; Pt .' Direicfors'a: ;F.zecuuve ijifveloprctent 'rind Manager'of Qrganization �t'Dri the ,Southern Catiforinia Edison • J.."• � - 'i�tl a.i 'll , / IIr. .. ~ thi'E�6{r �la ' ,'.'., ,,i` f .�u�pany.'in addit�fr�n;t Mt. SEvgnerton liar twen�y- of'expe�riance `i i.eiirc:"raft` d + # I t.• i Refers 1' 'I I i t•t7160Qrai' rnanufactiuin�,' including liria eiid 'staff positions:as a corianratel offir'er.. iris is .a ' ' , :;,. �`,; graduate.af ciccIdentel t;ollege and T�r:elved his past-graduate education' auffie �tlniversity Of • 1 CAlf.oJshje: ` . � , [ ) Messr. ` r ' (bj�;Mr. KAlian"Ji�.;'is W ''" `dia�tor'of Fdery AY.E1�i�tia Fund,t a closed-end inv8strnvzit camp�ny f $n. ' tl ' iiid The'Lap= Bank, N A:`t ' ` I , ,i;��: , ). ,.;, l (2j . F.��cl'us� ;. : A A _' +.� t (c),;h�r.,AJe�cander'wli sppointe IIIae a director in9a0 as thQ representative of lain wife',who n�cuns' + � ' A1Qxai „', t'.• 293,65g'ihiiva of thaI .;omp$ a common stock and'is,the for�mer'v�ife.nf'J�hn'W:�IKIug, : � � ' � ��`�I ',. . ` `a ,' . `(d� ;Mx'. f'aler,i i� a Ctertifieii Public�Az1 ouritant`who has I n arnpla�yed with►.Zre, rrapany since taJ � I . It i • aarch 1974. , , . ; I , . . . . (4) Repres ��', ��,, , -, . , - I . 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"+ + -•17.. ff oil ;�+}�'nt l .7 z Irt t;,'i} .!i „I�r a !� ' ,.tr f' , S S ` ff 7 �, :, r. �.•, `� �lR �t�;�,y`1,J�Jt ', i r r r r} , l.ry 1 t ,r S7 1•.r '•, , '} r {, 7 .a r l I• '�,I,J.T., { .� S. ,r, i' r l t r rl i{ 1' r y ,. r e ,. .{7 it .}�. (} 4, tt ,{ a + 1' l } f. r�l,',., (J r' !/IL J J '' ,( 1}, fr�b } } ( 1 l l i.i j�., � � . • r� . � j, rf' l�'r�,r'(1r(' •t. ., ' r .S' - ti ,1 1 ro P. r ,, 7 J' '1:, :7 �rf�'• j1f }' !••/ '{' r••1�;,�"k 1Y�'Fit�Ir.7ivll�F11'�.J }, ,R + r .;ly J. ,�}7 r.•. t)1}}�rf,l"I, rr t J• •.t t'y!JI. •v :: ' r Sc``' ' Ir l-J ''.i ` -r., ' :, �rti j ..� �� tfF 10 ?' :�.., ,`,;°��r�.,,,�' t,.l:, ..l.r,Lt' ,.,�{ sL 1 .7. ,iS,7 Y.`.1, ,, 1, ,t (.. t• lYJ,�'/•r .1� ., .t.y.1y:', ,r tj` .i, I}Ih}�T,�n ; , .:� ..i• ' n ,r.,. -C.. i t..,i.. a �1 '.C�•....,,. .� ,. , ..,a.,. .. ° r�:�., ...,.. ... ...., . .•t•..}: .tZl,rr.,:r'}.1, ... ... ,1 ...s... 't,J '' .1{ •.!f p of r S) •' - r r, �,, '. 7. .ir^ ��l i', �' 11 %y ' TI'Bht of Gwri�sia �t LOWS rs an+d.I WowLhg hsb kdira4e� d11 the his 11P a�r8ci rd as of March'28, 2A$3 'o# each 1e u+iul who fig t6 the jte i*tir:ant 7ib�ow A benef idled '' •fnalu voJ 5% of the . -atacic of tltti�Regl triiait:�'. :onlyti c str of;vati4.'mcuiitiea of.& It�gi�trea±), excluding . S i tl , arch l de�.wlia ere kno' a to be the;holders of�r�r ard:anly; and iwt,the beneficial owns oP the ' }' s. if the iurities:h+ id.of record. . . 1: r: • <_' , , r.'I�7 j\ , ,}, ; , l '�. �' .ty.��.`, ''•trrw;Yr'�.i r,,, 4} (. ' '' •Al�y fr• t , t� ,. ., - a- r r• of dies �o• •i '•J tSt of Cl" ug;Fasiil11. ly'Grua ;a ;. nripua'Drlva', ' •` r rRecord:slnd'; Pt 1 ,ewrpgrt Beech, atifornia(ij...............:... .......:.. Cmnmon .EeneficiaO) 661,485(7) 33% !;t ;�D .. 7 t a� ,'�LY��1",J h/� �"IfNI�d�A: `i {, ( ' '' . . } .. �. „ •• .,. , (JJ t{,�,f0 53i l- or 191and'Drive J', itecord and New} a t l ati, i.foruis J Common Deneficiel 293,859(3) 15% . . •' ., .rw•af r ./+� " r _ •",F•., .`, , rt r,',,,. ;,, ,, S •; 'r+. .. ., iJ, ( .�, ' :'.:; 'V� •. ;'. fi �•n 1 alias'•W. ICIu,• Chief Ezacudve t fcer'446 m era ° is the settler and a ben�fIc of the • °' "`'' 1jCo •`. ' y �t Mr. Klux,.arid Messrs. Landon i1�t; Exley,eiid Dunald W. Killian,"Jr., _ell' 7 pI� '.directr,�rs'end'officers of the:Company, are the true+ of Oh trust 9fi2. / T f' i ,.•., :t�}, , ' .,,• ,..,,. .;. ,• .r } ,.... r ,,{� ,. r { t 'a (2); axcludiia 73,164:aliAres ow.'ned-•dixectly cir,iri trust{�iy r.�r: K2ug's children and s�irazidchfldr$i�, ' Y. ` in which shwas lvtr k�litg'and the'Kiug Ira oily Trust disclaim any,benofick jnterEist. Eicclud®a n BOG:Am' es�awned`by Mr,'Klug's wife. l '1 3 �k6wdas 'the shares'`o�r,Fiori b ane ,M:,Alexander's children''included `In 2•';a.bove. Mrs. 970 O y,I O ( . .+, ` Alex$niier far thh rriter wife`of Mr.,Klieg), T 971 Tl'4a fo)lowing iralil dedicates with rasp$ct to equi, securities of tha`Rngistrant, the nttm>?er pf sticlt.'shares owned '.beneficially (including 'the right to vcto)'on IWlarch '16,' i684 alrec;ly or , rl; r �73 _ indl�tiy' by all' persons who are directors or executive officers of the Registrant' and by`all directors and axecutiv© officers .6 o Registrant as a gzaup'(7 persons): ; • . lea John:wV:+Klug..............:..:.::.........:......:....:...............::'.........:...............♦....:.. 8G1;48Gt1) �33 , f+ johtt R. 'tiler:..... ...........::::........:....................::........:..........:.................. 400 i +va S�aaald Y.. Killian,' r........:...........,. ......................... . ..t. ....................1; .R)6ard F ,Hotle d 2,5DD . .......................L.uH..:..H..:N.♦....U.•..:..................,:...,.. , ,7 )Landon MJ '?xi�ay .....::.......:.:::.::.:.:.:..........:......:...................................... ' a,0OD(1 (4)' David 'A16"ndsr:..:.:.::...:...::.........:. .....: .'..:. .:.. ' .:.... . 150 2 4 ` any Henry-KI Swenerton:...!. ...........:.a::.......:......::....:.. :.:..,;:....................t.. .185 (4) .r _ i r of i366irs $i&Officers as a groo.liC3) � ' 869,720 sVn' .r•, �, . '. '; .,' ,. .. ,;. ., , ,;. ;,` r. _ , � � ,. tit' ,� t~ 7. .� j r ;1 ind a ,r• l Refers tti sole !nv$stmorit'pawer and 'sole vtitfng power except as otharwfsR indicated in Notes B a L! (1), ( j of (1) `Messrs.''KIIIipn'and Exley'ri % tog:ither with her. Mug, the trustees' of the Kling Family+Trust r r Old, "therefore, chars the power to.vote the shares held by that•trust.; ,:,�� . y' '' + (2) Excludes sliarred priwer, if tiny, as to 293,859 shares hold by Iti r. Alexander's wife, Janet M. Y Alexander,-.which shares are' the,separb.te property of Mrs. Aloxander, anId in which Mr: AIexandt-r dts'cJeims easy beneflciai`iriterest, (3) aso Iteru 13 regarding,t l.3 at ulsitiori of shares' of R. Paul Toeppen, a former,director. Represents 1Qss1han 1% of class. { 14 7• %" � ,•t,•j '�,1 + �If t. ' /+,,• t r �1 • j.� +,•,., / 1 J' { r ', , •r�/ •� •+., I+ 1�,I' � « -. a.tPrF �.i t�+lr `•1 j�,^1n ss1 -, r .� .. �" ', ,. + C r• ,� ,1F., 1,. '(J�ytn'* ,. r +�. ' + ,t '.i/ �Jl "f 1 7 t If °ir t,t i. .t t'.'` t .t• , �j++•�}4 1 i�. Sl :�q.r-:,. ' / ` Lit. ! ,f '1 � •vr, f',J .i' •t '{ ' t : r .,.1� + •j� '' ''t4 .rt�'e� lad+ I t { r Y J ►,''u oar �l�},t` 1�41 t} _ '� r.t t .' •• C 1 1 ' + .It•- . '' 1 '!t� t' •e •1' � 1• .+ r 5 It 4 . ,1,� r ' S. 1 L 1' y+f,t �. �� t t - 1. f�r J• •,•+;t 1 .. { _r..` .: r.�l,-, rt,r tr + I ' !�S � .I i t (' •l _I,}, [ !' �•�' - r t a, t,_ ' 1, It `�' , r tr'r{•�/• rt•'r{ff �.+'t , i � 1 "' 1. .+/';: 't`r !. ri'}'r " +, + °{r 1 / , t '. Ft..V. •" �,. {. L' +�f.Lf }`.r lr ++ t,k. {. + 1 � , j, ��, r ;+ 6 +r ' {, '�c:r!kF,� 5� }'+ ,'I •.f• +li 'l.� '• + ti,"jf,�•,S�';;'.t. �t J�s,t, \.r1, } '.�fti. ♦ ,1'. ;�+ ,'. i� ! ,• ,, I 1/• 'Ip' � , ii. � ;i , ',. y.�L + f ,a+'};1, t . ; �kkf, .rf't''• nr � , �{-{l1 ,{ Ja, rJt�. F,y.�,;r..,�` ,�' •(,.1'?.' IlIC,�'�• ''�!'•. 1 '+ -t,-„s' .t ''� �+l::.. �+ P 1�{� �, F'✓.'.9 r + •,,'hS `r. LL,LY'!:'�'r ',t ,rr"4rJ�.+. �,,,. •i: -+'' ..j�l t .,. �,1(', ;t'/ �, ,t, ,+ r ,• r�e. '.i." n• ,t,;r, ," ",,. lyF6kru'y -n�•ly'! (t.;.�?f��'r r,+f., �rF . ,; '•° al._•r....., ...11t.,. c -+'� •{{!'l f�1�, ;i.+t .J, ',}1! {,.. ..•� .,t. is.. ..n .. a:•.r•.<.... ,. .,....+1 n_:r ,tl. .,<, :.. .• " .. ,....L.{..,.r.w . ...-........, -�-.'•• k.d. r#' ,;► ';�• ' ,�r�'!" i;����- �1t��••'•llhij� � �i�lia►�d Tr�ia,�r�a�e r. t, � � !r � . J, ` � ' , j ' 11 `leise 6611 t%:Kluj;too ly,Traat rbferradtto jh Rin 2, r`Averiltg,tlse rental of appro�si• di offit*rj , piruvides rot an,annual rent of$33;eb:it obligetei the t f, adtlfW imo"U!f}u ttem 'atich"Re obopiwky`taxes;' `ground l aQa,asYd'incur i { `� r' i nail dtr►ii%':; ` t '' 4ot bf ill'kibli'addlilonA►1'p ►ymenta wars approxtinatel in r rt 111f g; , rant baliuvi tt�iat.tb,e tsirth s of the, &i6 at least ii,f&b ablei as coitid have beari` pb#tined,if the'sartie,propwty'hid oseh'laased hibm"an independsnt'th0d 'perty;• ' s ,s. '"':tf± ,,:ir. It `s: ,'; r• 1..,,, r; a t. tr 1 "A ies k_ and.'cisrddh of itsi`eubatdieri r alit engage' the legal servicce,o x]►;onals3' ':' '' s 0iisi t' a dfAi�for rind aimliatsltt xec"tary'of the,d6 iipany. Foes and""'sts pod or accrued:to i ; Cash, ,— kn t� D�►vis`grid Killian, of which`Mr: Killiain ivas a partner during. 1983 Approximated $Si�1900. Accdiini L ei�•l i r:`,:t^'x;(r .l: J: ,{i •,lli ,r.'�, {. ,' •,. .i�i..' i.. `r •r. •_ i ' . ;- ., .• K '� di hter within nsj. 83;the Compeirtytsold a single-family home fox$36it,0a0'to John W. lug g au�iki der husbai►`.d, arcopting ev'i ait'of the dai�in payrnenk a condominium unit:Mr.,,Klug co-aign+sd Invr�ntoi w#t'd tliiem aiid took title joiiizf ly'in order fast they would qualify foie a loaii'66 the:hoi ne.'The price 'Rereivai { od far the licme vies the same ri n o etesi:to,urirelatod r�s va`b" ers.'Aa b ,Decernbir ' c "8 P 9. { ;f je�tl.est }, , 'r; ; •''+ 31, 1983, hse Company holds a'IIote iri the rurtoulit of �se;000 secured by;a`sscond trust deQd'on 0 ip tir heiarizig'3atorast:a4' i2g6 tirid due iri.19e8 ?. .,, : ,� .,li ', t:+' •,tr' _'�' t �+� •' ' ' °•: ''` ' '.b + .`Paul �'Oe Hn ' ` ,' `• � t P+r�ppert} March 15' 1190 `ih�'Company purchased. end retired all sty awne d y R PP ► . tithe ' ` fot:.,'ai�tv;c:ru�xriar�aa a£the f3aard of D ciiirs,larid'his family amounting to 72,998.shaires; Th6'price pedd;,lly',the;Carri* iy infea $a:75 rp�er'ehara, the nria*ket`pzice�`G�n'Mat date.jI. `�'tl�ppBn.IeCiv6d Ia ,r, :' 'r` g7iBOnO dliwn;,ai�d•.twol'iiotes totaling `$51i1;733 'at .10 �91►;wish, iiifirsst 'pavable 'zr4onthly. 1 principal} iayiixoii;.of $255 3+68 wa$ made on Jartur�y'3,.i989 with.th +balance-of $255,367 plus ;as j' fn imterest payable•ori Janubiry:4,' r '. Account tl :; '� , , r , •,,..' I It _ {`a, _ :. , ,. �, '. ,a{!. 1 P��a1rY J l7j� i� S• ' +. ' t .+5f, t ., ,.. r'• / .11 :11 - t• ` ,. 'S` .r. t,f��!\i`u�.�! iif.:1, .;t�. " "" ''. . ••' ••, ,.., •,� f �' . : . f •:- •. `'� .,�',. .. i 1 Yt1',611'`INDEPENDEN'T`CFR.'f'3FEW PU LIC .tCCOL ANTS Nows'' t(.1 + r•:k it �'L. .�� .j r ,. 1 ny . . `N0te a / ' S �S�t i .•i ' 'ti�� ,1 /"t, •t, '• r .,; r ' .. 1�OtB$ sI '•K"l�e .of,�Df.�ttors'and Stockholders r `' - ,•. - ..Notes kiaericaii�'aca Notes aI A 1 -',1\tot.ei i w6,have examin�arri the consolidate3 balance c aetg of Amorican Pacesetter and subsidiaries as Other nl old- of Decerxiber 3?; 1983 and, 8.t arid;zhe ielatt}d consolidated'statem6hts of'bperations,'stociichold- Dsf*rr Rc' -era:,equityand ct angos'in i�inancial position toic'the threeyears`.onded'Decioia6r 91 1ft83; Rnd the :r , ,-•: et°is3ulee listed i the acs±otitpany`ing ilidQx. Uur',examinations`�Nere made' in'accurdsticg with �; enatall acre tad suditiri 'atan ds:andi.accordin l , ii eluded sur.'h tsst.4' of.the acc:ount_p` i Commit ii " r+acist+rQend a srtclt other auditui. rocedures as .five consideract'ncctsar iit trio circumsteri.ces. Stot;kho �j'citr;opinion, the corisol da ted•.-financial statements referred':to'r;:bove preseiitt'fairly,tthQCnlpn it al p0,eitian of Maerican Pacesetter and subsidiaries at December '11, 1983'and 1,gl32 and the autl resuits'af'thetr operatians and the chiiiges•.in their financial po$itian'for:the three y arsended Cz,a OtI:3' in:cuiaforlriity with'generll�►,accopt d ecc t a ounting•,principlas appllt d-on it Foreii cr�cssistent basis: Fux'lher,-it°is +aur,opiriion'that.the+schedules re£erred,to aUavo j:resQnt fairl;i ilia' `' Retsit tnfurmatloti set forth therein+: + r'1 t r, t+ ,� 1 � 'P� .. _ f .�ffffffll +y■i■ i KF:1'JtJla'11i LEVENTHAL � COMPAriY it t { C r 14�ta 18; 1984, -'Newport Bee6bXalifornia 15, kit •` 1! }.. +` '�'"" ,! .1 ' r ..'tr '' `. •, i . .. ........._,...._.....+......._.....w "u..a1aG♦ • ..iA 4,s.tb:..r.:a�rI'� :—L&A a, - - '; ' I � 'a r 1• t L 31 ' `- r t `!,i', �,.).t`.yts� ' •sa;vu 8cr�:'C�z€�duxo��� flflfl'9Z9'C�tiX$ Q00`90t't6t$ r . � ` 7 ' q pia t' 1 1 .:ur••.•urrr.J..•r.fr•+.rw.v.r•...•e•...•rfr•t....., .•••........ .. S$Q ualaa OU V bt�t?S..9z xZ fltlfl zLZ �Zr f •: . ., I p � aIN ' f, tip', (000'64C) (bofl ass}, ^,. xcraui}sn o 7al uex�,F►o ��� , , pop�•u s ueani u , 1 rnr...r.•r r••••rrr•r.n.a •.r;..n.aa.r ! "• 1 { + 3 flflfl't� L'�' fl�lfl L99 L ( $6L•u 001 zg01z) up 1 Sutpuinsino puu tan el-soa qv.zOt`aQD'z l vztsa tis �` t 'P Y s2rlii�b Ofltl',flofl.01 `ar►i�'� xcd ��•$ --t:�aa;s,ucrunnuk t . 07. 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'� !7ld 1, �r ".�.rr4rt<:r IS i 'f' 4 '{tr r.,r'/!i' ��' .ir U, 1,�•� S ,1,,II., .•:} .� ,'� ^'fit rJ.,l. f,ar I. . ,1., •iln "� r i i r„ , ', .r..t x'r, wl :,^.1 0, ')� r+ r,•.I r:,'i.' ^l :'ti+d '^ .„ .� it 'r .q,u. �1r, fY .,. ,q;:n,.f': ..�IPI).� ',,,l i`', l'f,'! f• 1,v,: .J.'''r"�t� ,.J, .a'd, x. .j,',,,t, r. •,� 7• .. '.,,,,., r'r :,, S^S '��'' 7 IS ( L; .,%!' 11 ",'� ��i''I+ f 'r ( Y. .!'',� l.•� tr .'4 ,t', i >r Y, 11. , �.7Fr ,. r {'V r• r t' 1 ,', +'ifs,: f', ,• +• '1 i•• f;71�i�.yi. � ..J,y, 'a ,fin r. � f i 4, o• r'''�. ,r,•r. 1 i4•1 v M:�/�'r.. V' Sit.•.��� ':i�'� '!l.•,'r J''LY '�"' i. i.' M " :r',.'r,6;'(�":rf{'� ,"���,.��t<Y rrJa•. r„f .- 'rr�f;!'jj ,,,.r L Sj,, i1% ,r..r V1. 1.iSr� rr,rF'�f++ 4,t 'IA+S�l� d ,:r, .;S,ni )� .,•� ,'•.i''� .•end '�'�" �. ff' H.� t' .4{ r, y^+�. 'Pt �� +''fit+ if:,"' ' ^':rT.a!fn'P I.1.f '.I.t.�f,�p'C'r , �� e ' i1 , :;'i `,, ,f.'t.A [�A+"11'•�' JV{'�r�.;7t1 ...,{,�� J�,S '!71.' � kf i, :,"{S .S• I,`S1;'S��r' Yy dfl �.i'r' �' {/''�lrr,`' 12,f.�,.7 'tll.`f � :J...........,:.;t1/Y`'+4L�.� iSe .r:l it rlr .i .. � - . ... stir . ..,: ,l :_ ;� •' r, ". 4 E ;4 'gin 'r, .• ., .. , .. ( p J trl, 'if kq � r rJ•,.r ! 7, r" r-i t• l !„ 1 . t � '7,�7 + , f.. .. .,� 6 y ,i,C�•.,� 1 ;. ,S .. tr•.S St `t ( •, , ' . t �1� 'f,� t� � ♦i '. 4, •,•. ' r,l '. , �,��Itd,�9�.��i]►�k).V!D S'X'ATENIENTS PF STOCI��IOLDER'1 1 For the Tee Ended! Dann Vern. 19P.3, 1962 land 188X igot _ �i Number, &ta Cur�nr.1! 1 bd 'tY'enatrn Ralninmi Z4t+k 1 9+43, d0,QU0 t ShAnis 1Vible Ad t tlrieerit I amt��a J bt ; r: ! RAI.ANd.ES i3ecembex,31, 1030.:......r., 2,449,245 $21103;000 $23,081,000; $215,105,000 _«.w.�........�.-...�"1. y.. ;4e6,ai�aaa of comr'di eb k............ ' (307.381 (30000) _-(1,40,u+F c o) (1,711,oaa)to;4 ;o a .41 ..................t ....... . ...r....• 3!416.000 31A10 000 ' q .._�'%,471;AQpRAIiALe4N('.I�S D�eCEmI;�T 31, 1F1$7..;,::.. 2,1111,863 j,?�J9,Q00 �r 2�,OU1,000 r :!0,f19a,000 ._...' . ii Pu os r) 'G ru un >RtCCk........................ (59,I63) ,OCt)) (211,000) (270,000) .,' Foroi0n 'currancy translation adjusimelllt. $(379;000) j:rY (379,000) Not la:�s..............r....r...............................,... _ _(Z,!::>fl,OGp) (2,498,000) Sw'aQ►01t7�1 IIALANC�;� DecQrnli�r 31, 1�82: . 1,082,100 1,740,000 (3%9,000) 22.302,000 2�,743,000 ' ` 4,50W,(�G0 f.s purcl?m of c:jminan: siock.:...:...... .......... (72,998), {73,000) (566,OGO) t (639,000) i,807,tX10 'r7o irlCCrrixt3 Yorc Sq. r&nCs:t��in�Iatfoll•Adjll9tlI (2)1,OOQ� _ Uf 1(261,000) 1 Ibnt J p 5,1 a 4,000, 1,Q5(),0 ) 'r. ! BALANCES DoComl�or 31, 19A3.....r.. 2,009,102 $1,667,000 $(ti�lU,000) :�23,?,i2,hOQ $24,`?n9,0UU i 6,774,000 3,226 000 ! t' r. r'' $1.43 ` Ili, ' ,4. •t '�, _: • -J•';` :�. � ', ' •. ±, � ' '. .. .. � �,. ,: +' C . 1 ? 4kht} S�.a{accotnpanv1r/Q notes. •[tea+'° t itf. ..'!, T. +,,,+, ... ,p ,� , {'G.:.,...aW.�,r._ .......•.............._, ..,......V."._.__.-....4..'_:- -. .._ - _ .._ - - - .. . .. ._._..._r.._,,.,.,.+,. .n,. , .. ^ ..^d. eS�4..,.i' _..-e,Yltif4:!.,lkd�� .r.,.. ....,wi.. +'tt����.�`�i•...�'rr:,,,.,.riw•r+'T 7`t'(.t(.^. ...'y""it ...�....�.r—., t�-�^-�^ ."�+,,i I r lr t ;S. '11i.t k� _ +1 l ,r.,r+ { t•'.t1:k'f�f'� f`: '�,k`. „"r"%1"�"'ii!i(. `•!""',""`Ti'.�, ,, eY' '"T'/". I}f� , ,)' ,;.r �• rr., i ,`b\'Y7 .f , ,','r , 1j1.r*` +, r (,p 1 e ° 1- r '.fit r a•. ly.,'r re. 'r'fi ,t`l r!'r'lfa' li�ij(f .r1 ' f+'4 17: 'f. ,!7:It.r, , {, '� .,' /' ,})k r•' `tf. it •ti '+ t }i 'r r,tj tSi4• lr •t.r� ''•r'r,'J. It. '71 S, ,'( t ;�� 1, .v 1. Ini,i, '. r��.,, ik=v I � f: ,t. tl y `� ,t Ir t. / 11',r 't '�ik�r e1 r' r'i,f� +{(r :5 .I {r,t.i;.,.,. '•t'•ij.'! ',(' •t jr::f}: r/k .�t'/s t ''t.r' � •i t1 ,1 ri "Y' 17 /' �,� 7 MIS `177�.y ( .i, s t,rl+ �,'tr• 51 •.`,'•1�:., P It��, ;ik(, '.+,; ", .Ir. `I',�,. 7';V:'p+ 1, „�' .f;, rort''fI !.33' 'Y•iy 4 tl f�•,' .,,•!('r.'�t 'r (•ti{a 1 1 f '�s, { •'�,it./(Il•r, 'Y�'r J, ril,,J „�.•.' ifN .+' i+ k,I� q.• ,*'� f /.� •+'7�' '} �� r.71('i, 1, ',4l�.'�.. '7 ( . �, �,[ j •t + I.,ll,)t.r�'• it ,r �l •"r ,(•' s't �, t• r}' �•t ,t ,•• t' •"it: S$ T` yi, � , 1,:9y��•.ir �:,I r r• y�•�, .+ `+w '�� '� .� ,�.`+;�i ,1t4 , ,�. .�t�:��.y�(y , .,tn 'i.SN.,rs �• ��. �{' (� 'V' ..,rb�'1 .'iL T �jI'� ,� r Y yrf .iJ.,3 `r(� ,0 rf .+V}•''tt4 +,.� t?I'f'�{tk7 ��tl..,p, ;t +("• 'fir y`�',�p����� f' l�+,tx :`�,r��`C;..�f f..^rt i' 1 r�(�, ' {i� v,;,�4 '� fff�� ��� ,t' ( �'`4'• fR�'P :i';�' iy�:'! � ir' f".' �•,��',1 t.'! l {,•••,1� 1. .. rt I .i- ,i - t' .. , 4 , �"r :'r�, 7•+ic r 7 r ,.•3 - , a I t' ', ' '' ' (+ / '•;• r 7 _J . t ,, t 7; ',a 7, S. ,It/� ,J Yl� t)�jtttt ,t r' i •+ t ;I t. i' i i j {.�/}� 1:.'� y, ' ,{. �+. ., 7 1�: Y'YYSlS� j .'. t• .' , t, �.w....t;, PA I r.r 't Tip, ��It,ti.'f r+ •1' f. , f�'� ,^ . ' 1 •' '�' 'f�1,'7 ,,y/tr tilt r !•. `' {• ' i., 1 ' .. ' i+rr 1.(lit r'1 7 r'at �,, + fY ,(• + , .. r ri I�� 1 7 ' +t_ 7rt � , 5 ;i.( � ', , '� 'i .rl :~t .1� c;' ..... .`', i;i If . .. '. ,. , ., .. .`.. '. ,... ., ... .. .._ ... ,•.r. .. ., ,.r 5r .' � .t.; ,\"l+ i.Qt7}A. , ` , AID WC itl P A# :tr rm AND '�i���1�3 4f s ',t t N► : 1 6ruT Y YI S:� OF mu 4GIM IN.FYPJ1tANPAL lMx l'+ ON` rt f�j ' For the Ye4roi Ended WMAnbst ��, x!�►�, 1t�1�2;said ��a�. 1 . , +r I i i' t .�+ ! 't r a III �! ,+k, ,• .•• A+ltl'i'E'l t t i FtJNTlS jjMWiP.( 0V1DED BY1,11e . + Y tit ti r+!' / +..t� •t r�.YSit L.YLi 1 7? tr 7 \r , ` 7. 'i:. ,,•[ P .1 •+ r ,,; ; 1; t. ,��' �"r!'""`'"Iu hm y�,;.:r�A/a r,l ii!'• , ' I, i' •j,r� . � r'•., }. ' t • r S.'.r., • .. , jj*ic '$' 1,456,000 .'$ (2 t3s3ad11�). 9fi,iK1U yy+�Y ........ U.HUI..0 . . ......... ... , I Itkm Doi requfx�ti1B (pxuyiding);fisiirli:, ` t : 4. i ,; t 1 t 1 ) � + S, ; ' i` pWW\t �l t.11 t '. ��Y/.'y,� rya•,(y/� {/l�A■' (may■ t(/������, ��}�/���y�■ ,P WF� n', i� GA4!♦V �(.4tIYiA.. Y. .�,. .1 ..i1. ..YYY.Y ' �,V !11'000,- • �,�1I�,WW, 'i I ,�i..I• Valve Gory 1 xC m� taxes .......::..:.....Y.Y.: 560,000 (1,445,000).f 3 228'0�0 '' �u i. r . . •7\ t. f+ A.. , ► {1# r 7 lAlil� t ►r.> +' ttylla �n ,a1;dBpusiticins oaf Yce�IYeblss `` ;7 tt'''' �.1 �' Iri rt3 f"i'xato;wim- less pay*m' �nts' , 1 ..• [.• }. ; 7 , ;t•:,, ;;I ' 1,7d'pay6% on a&first trust,deed yeb)a. 000•($2,605,000 , lt�lt�ti+s� r t. In;1148Z atid $1,2f3J,Q130 In 1991):..::......:. .. .. l,t311,Q0U r , `3,534,Cl00 674,UUU , + Inven 1 r ,. j+ ' 'atha .cam ' t�Iliaweusr� i�rnY iincollec.�.ibility laf receivt3hles :f • ' . t'Sroxn're3a, slatQ .:................ ..... sales :;.. . :..... 53,0UD ' 'All 160,00U +' ',,•''PrbctUciio� or+vnc� to adjiisfi'� ol 'ost te projects is t; .i `'. , t 1 `�stirrfe�te d`iiiet r cli .lil®`waltie..t..::.:.�:.:........... (542,0SO) ' . , 4,029,000 2;231,go0 � �a�1�rs ` Rac t►ublei arisffng frr�m ruz�>it yeeir's ,, t[ , : ' s real teyfete' -w1E W nk of underlying Cost o ill l;ai 1o�Y s3rr2a'.anable; 30.,600 $581;o0o , , , t'Real!' r 180?.,DOQ) 0D0t ,. �(4,170 tC0)d3 1)....1 25 , , 1£I ............. Fund,, prdild d by .�per�tions... .. .. ...:.. 2,1 �7100.60 ,Q00 . , 4��tr�;DQU 8,371�J0>J >�Ce,RI E Tnrx aye to ac�iuiiint3 payr�bici e11ii'eccrued'lindillYla 2,J, f` 3 355 O01Z. dbylblopm (4C, bozraiyl:z :� yin totflr payablu. :.......::....::......... (i7',i3 7,00s) ,' .2ti,05 ,110�) i2,582;17G0 < defiriad�,e i7 i:reas in r ccaunts nr�d other receivables. ..:....... ' ;86�t;0i]4 :� t comg etia I}dtrae iz i�iYentoriat� ..:., it t{,. .. r ..::................... .......... ... ..t, 58(by40tf tS1e ,catrip: k Beer ia�� irk"raa�l.4i`�t�' r'3jecfs not. ' allocation L�errueso,and•cas .. ,',• k. .............................. 7.l�► QOb 41ti'000 cicsw+i�ga`n .........uH.. H.H. $7x,979,000',, $[3'5,353,000 $84;961000• ,P F 1~UtMS '��ME APPLIED TO �_ }+. ',,:tj 1:': '1; i'„ ,•'•,'`' 't + � � � Z Dial 111C IM,in itntvefitdries...: ..........`•' .........................i.:.. ,.$' 1,828,U!)0 $ 19U,0(HI; t ! i.4ir:rossra in accounts pay►ahle and accrued liabilities' G,544,t7gD J '. . Ixitxe3s�� in;real,etrate`pi�ojects neat. ...................:. 9, 65•,t)UO ; , ; :r ;►';' „'a7',?3�,01 incrtease it•� apert3itg.propert.isva.....Y:.::...................... :I80,{f0ii 7F12,A0t? $]+�;26�,O1)U 1 [, f�,{ ',• #t'' , ' �t:" Increase in accounts iitld other rcrceivables. +2;U33,00{J , -760,000 }`' Iix,eiost ik 2'513 6Gf ; 0 29,aQ8 00Paynants and ayafe inHates payeblo..:.:.Y. A.,. . 00 C . 3 ' chasF 6f pibo6rty, giant,,`s3►nd•etluip.mgnt.:.......... 557,000 ( 214,0W x,271.000 . Selli.t P«:*�;bias�:of strbsidfry, net.of cinch oi' 240,040..::.Y. ' t ,5,842,D0o ' cost'af i-ei Icu.'ee ,in other assets.;I... :.... .:.....:.....:.:..... 216,000 36,000' 411,W0 10Fi3 '1 Putt hae 'uf camrQon tstack.. ..::........'............:....::...... 6 ;000 270,0t10 1,71110Dt7 , ►, ings !n cE 2f11,000 379,000. , t s 'p'vrefgn'c'u"im'd6y tmns.latann adjustment. .............. , projec��s s 1 r I�lcrmsa in c8811....................................Y...................... 5J2,000 _ o411[ng,e3} $72,97e3,090 000$$35,353,000 84,901, u 5 ',. ,',',,', •I - redcd c k of reO 'as } ( -5,600,0 see SCCUmpailytag }3tltH8. 19 ,,i.'Y '.{''t.r Ytti,• 1(, ,.... 'i(rr• s,•` L�?�;°r . .. + •'` Y•'tr 't . lttl tr i,,�l },+ ti.a 9• , ,r •�•,{. r,. Is i � .. 7. ,. - 1 . ,'r ,. ' -----....__...� _.�..•....7:.w,rFsl�trs�cftxtLt .. .. YJ 1 4- I PA �S is Ast A 4r4 PI, It W PACFSEMK-AM SUBSIDLARM ;:.0 ONSO STATEMOM NUM11tot MATED MANCIAL' sam Arpwi, ? Sm nuary f Si 9 Poncho A IM $1,416,000: t Ain6 i irirlude'IN VDAIPAbYih iit6di:rlilixi'ci'a!!':statementi the .account Ij A T.J* .4 1 ,, " 611,Sea f-kad W 6f , I h , Otto e'� w1b. all' 'Aid UY Gonipaz wh c ��are iii f'is io' i�hi&t�e,Company oww I nu "p, w% 6f the n ng. Oc i?.26;OQO minority,- $1 uded'ffi'a- AWbilifles. na Interest I aniaufit,of 24 ib6d,($i47,OGfii In"1982), s i7d I�4hil intercompany accounts,.an Jrans'a ' iobs'hive een'elimf Win c6risolidation, -Aff. d in vent6iiev' Raven'tie jkecAasniti'66 ah)l Cost of Sailes G7.4;000 4. inveA6iles axe ift'n'ted"at the lower"of cost or'inarke' t: Ginip6rienti fear reshlb', raw materiels st.:Woj �r6ce base( ' U on:average ss .costi: I: on:acti al dthbi. conipa��&`666tq .ue�biied co , 1 . 1. .1 v er ea an n op Ing. prd� - h c0oh ibpst,,IncWfl,��iig. ftppljl�apf�ci�ry.o` 0 t. ln.61�,`difij steins':elated t" 2 2' t b, iecordod, when shippe. Sales oi.products U,cts'And ,wmponen s ar A,bf.�s bs', t4 6ble i��unite shipped ray'fiai6d,6n,the '�s' tim' 'ate,a,6;Ve,4uge -I grm't�io`g`ram' 'a.. Ca st u J: Cos 0"f ll units'W baii i e under, Inn id 'rss., 000) ftal,EsItate,prq*tS.and Recosiitoiai..'Or'kevenUe —(4;170. Reat c pi6je�is:`biniii:piftndrllyof Angle-f&Wly,r`es`td6nUai1 pr6J66tv in,vaii6lis stages,of AJ 'I I 'stand deyel6onionit!6hd-are - k i61ower-ofc 's6jr- iet:realisable' Valuie.';NeC realizable.%ialue�is a n . . s :, j In' the ,-ordffiany' "I, M582,0 d coifs a: (A- butinesa:' d-by'.wits of 00 ;, definl6d"'a ' '�estlniate 'J, rice riduce ,nte m d property a alized to i ro) c hinus C t Ih comp et"', ii�x�s re'cau- wl iist�te 0 0' ts t. Ion an&dispos,�,` -the'comp etion. a qo n e 000 14 : 6- the"r-06fter ch&�Se'd dir'e'otly to.'c"oit d i�'ftl stat b6fiveen,'-&o kts"are',hoc wtI6n's ,oHAhd 0 nen s, essary, the per;rtiriai' or'. 1 11595,100P., acreage'me f.�.od (Whit qp�,rwdniatos the,r6 i value nioth6d),is use 418,000, Mqve's�lei d on la' n"d Zo'n O'd,for l'im I I 1 .. I - .1. 10 . .. . '' . $84,96 the relative sales,vilue-rh used ry fi:ie'sanie'.Vii similar us"e'ain' ethod is ed on.1,thd,Zoned f6r.'ya ins uses'' btgl: in e during 19 n Mere o, Ifimired 1' 63;' 1982,.a" d - 1901 Wa�,,,$17,193,000, $18,536,000 d 'Com, ita iz6d 46'500000'.pany pap .19 '000,'�ra�specthW�-; the -read eitate'pr6jeds in'' $A052, id $;366;660 :to real'estate 'a., apardting,-,propertles, T3 ti '61y�,'Ifi 41982t and 4pec; V ,an $1,248,000 to.real estate,propcw, respectively; ii, 106. rland, operqtintj�'propert es, $14,6239 000 $7,417,000 �3,476,000, and Inte'trest 1�icl4de�- in rufit'al:;exbens6s for.-11383, 1982 and 1981* W' 08":$397095:,, 760000 in'th $2,5131000 MsO.66tivbly. 60,63 .1,271,000 e tha", pdt 06iis as fficift ed 'drid are c '16 e, Se ng expenses are generally 6&&d'.a' ga a a 842,000 th e,c' S .1) 5: cost of Tea c6wte'sold. �6111�g'6�pens6§ Included Ji. a t,,'f real estatb sold *60 $4,' 6.1.006 In 411,000 61) In 198 a Si- - 1983;($1,8651,000. In 1982:ihd.ii,�5'6,0" 1) The.'ea.'st of rnodel hbprovemen s.ind filriflih 1,711.0 higs is*ca�ltali' d 'p ted to s' III e' -e , a e cost a do D, ze an prorated b ng,exp noes as ar .' s F Teal estate or diaii:,inteielt and property es in'curiid after co"Mok-Hon a construction and projects sal�i,o-til, a q. value``is do armhied,.o tive�S le -neth n tho i�l� lue i ad Cost of reel Oitate"sold iwas' c Wed 11 d Won redu od 1,316,000 in 8' P' rev' io ro$84,901,000 10 '3 to reflect 6wye4�sal.,Of, usly P, V a owances far re u Aua'. In' additIon, c *q 6f sal6i was increased 44P2?,000, Of real estate,projecls� to nev reallza'�le.v'' d 93i"bud, $2,'231,000 in 1981) f6r additional allo��anc6s for redu6ito.n of real estate d b ' real estate projects t their e sted net realizable v lues, Ure v e projects &A,notes-8e-ca, 20 W See 4 _ .-.�, ---.-�.os"r• �.--=' rvl: tr,7 , rr:• -=-1;r a +•, -c 'l� lri,•.rt`�:;;, rt * ,t(' .,. .. r,c. •�t��4 c ;t;: yi�, ((pp r� > I I�',. 2 ) t t,;,•,,,{! •,T .y'P., .!,¢ )., + .I. '•6' 1t,.:,'4l," .ti ,'{fk..l q r`t'1! ,, ,l"f'•`,�.,q},4^, ' (. rn,. . .7.i •Y�f•,r'r"'I"j1 •T.. YA.!1""'q'�'I +,iv t: '7'=(,.(',C ( ',�.{1'�' ,, SV" ..'•' 't, ' rfi t., i 7« i;.l� ,C1. t 't '� r'1, •f• 1� .V f , ; l� r}p i{.I }, �•. F.. !•'r .4� .,7•I;r ," ";,ir't, rI , hr�l i,i'.p� ,1'1,�!la �,?tjyl 'Yi.'',r� .y•1F',! S,!.D, f.9�is .�S J,. i,a r j•r)�,y'l:r'.i�} .f Er r ,f ,',� 'li•; te, tl.i .1,r,yk}'i'I ••,+ «.!1' 't.j rl}I 1,(M/ (V' .S'� j,r 1 ) , 1�fI�y�C!hI�I -il4)I yC:1',. I{J k. 1' t ,(,. J.f; �::,,, -01. ,/;{ .� •,r. !, .. ( {. ! �. 'ti: ,''t!',:II N: ,'){. ( ,1� ,, T '"!, l ,ct {,,Y' I ,r>1.t,. .7,F r ,.l f,ts /'Y,• ., ,;h ",r .(,,.1', ',:y i,,� ,` ii I l r'• ( .I�,.;PL.�jr�.�,:]]44��,.r.,'; ,V: �" 1,7 , :. .%V' ,,. 4•r l S, .,:1 ,.Y r,#„}.I ><' p1 f1. f6 ,�'. ,/� ' '4};,�,/x,l, 1} '#,.,, J.L :r.. V.6',,' «'''' . ( ,,1��•+,! .> .((1 ".t, ,i}�f• r.y,;, ; ,t „JIJ a.r� ',S q'�l.r,,,;:,,• ! 1. 7 E:,(t r' r I... .,.f".J. .l r•t,.,. (( ,'It: r r r, :rr y i V f 1 , 1"'� i` .� n' '` A,� �,li, 1'"' f v ,a 4(�f ",' �,. t!I S j A {"ems <`i.y�E; (' T'+..• /'• ,'1, t r (y;y 1 �. t.. ('.1, a i'• y j ) /, 4 I, =r f. y i t y'� t�i' R t� Ir J. r' o'• !6f r., i , 1 : `k'r I'tf( 't' •;t ,1'+7{' fiI( .t. !, w , +.� ':�7 •",t'( .t ;,irr,�t,l �iy,f'!'is �. r } ,, u, a�!"'1 J. F , t �• `� 4,�{ .i,Rj .1' r :,, 1 t ;�r;1 ('•,+ ,. 1. I . r�.tly tt�'�%rr�.�l t lr/� r,; 1 ..1, •t•'t. .1 =r ?1 r •i 1 .r ;I Y. (' `_ .. r,�' •�, ►..•'t .4�0 ! ,'I. Icy ! '' ,i ,. 1 ('- Sri 1. ` 1 ''� .II' -{ { , •rr , ( '�. 1. ,,, r ,• 14. - Itti',. 1f",(1( f 11� rY �•.i'f'' ; , '• , tr rt j,„ ',! , I,t ( f'. ',.{ r {. ,; , t, ; '�• .rl . ' , ,t! •, t' I. .t,I •I• r� I tt 1.0 1 ,IIC 41 i , I. t ( t.,, , ( I , '•' '',, t ( �, ' ,, I ` + ( "r r , �.,, I' It' Y .•I f1 •, . It . �I,rt� I', , Y , { ) t.' t (1 i 1 , , , 1 r 1. r ,' , I 1. 1 t , ,t .1 (},' - i' �� t ' 'I r /'.t•u l ,qtr ,y t,I'i 1 , , I .tlt=` /Ir �• r It'i I 1' ' 1 (. ,( - , I ,*' , O.l y"+ i' r . r' [ }' ^'�"S 1` '7p=I�•1 ;�,'r• ( `� 5« 'i' rr ,I Y1t .'t, �r r' t li , ,+1 'I �:�,I, ,,� �' 1.%iA' Vt 0.,ll', . 111 ;S(.,, ! (• I•�,•r', (`�t ' Y - 1' I ' .i}. j { ,.r {',,3; f .t F1�° i5,y t ��t'1%• .Y •! 'ljC.„I , - y,'t'r,^11,fy.' r' { 1 r r :1/ ,, I , . t.(,,,.I 'L'•V' I `I jri),)r'.`dl ,t� a 'rJ r ( l ,'` I ! "Y +' �' , ,(• :t,..l'i"tiI'`i' i .Y, {, i' .,t' ,,. , ' , I'CI'•Ir�,v Yr V (r r,1 „ , „ .(.' ! Y I�• r 1. ( 1.; 1. r 1 Iy,• t , 1i•, • .ry,, i �1: ,;":I' t 1 'I I,. ,t. ,,t!.II ,", (4 Y1 4�i 4 , it.' .I, .,' ,1 _ ..!« il' t .1, �1 I 1. , �I ,I.1' 1!=.I.i r T 4.fJ. i rl }U[Ij .1J, 1`. �! .{� '1A a • , (, .1• .,_ .I 'f.r• i.,I IIw,:A , ,rp('S. i,I I,, ; . ',` 8VEt1tut30 ltnd l�aflte'fir�ru aleh of sin i�f r�l resida ces�end 'Wier real es a 'y ' f�4 t I ,. rt1 �'•� �1 , I I F, .r• I y,l I. t tg ark ganerAy ,. ."...: ki, .�'-..1"-'1I�..�.i:-�II!s.�� .I 0:Iii.t..l"II;.. �t� ,�1p.,.'1,,I�.�.,1,�...I';,�1 -1D'.-.-,( j),Ii�..1.., I'-,�IT�.-.. �t1 ['` !�, ,c-";(,r� I ), tI rf , .iiy. ll'v�berz�r�quixed +daw» pgyments are rwAived,;tcontinuliig'Investmerit atld: ,nntin�iin ,,/r` `. , - ? ; ' ;; 'I,t!'volveweint rxitelt a a* Mat,'ALid`titli li a6nveytid to`th biiyeT`ei the'Cl" of li oYtt. I S.,, ; ;�, i i. ,�;rw+(1. ,+rl ,,' 'r (, t�, f{ ' , , ., ) .t , r , _ ':fI t. „ r - ,, , �llf/LI I. I:. I. 1, ' 1s r 1 J. If/ - t, t t ' s, i I. I. I fj ? .}y• Ir,. .I ! 4, :1 . 1 .' t I, I I c (I,;,,=Y:'-,),,; 1 _ `, "',� hnil+ 06m�ng lzraperties ai�e oomple�ed ithd available frr leOe, theS,a'�� tren.efertod l�arr�rrael: e""� t '� ding I i, t.., } 'I,� 1� I }.1 1' r I,' ,- ;I�r,,'`;.., i. :P 10.6pe[eting propertles. , i, ,' ':,' ; ' Al ah, ,'J;l'"•S /f •`'1/ •1• 1 It f f. ,i•) 1 I' 1 I' , I I, ... �1 Ir- .t , , y�/f:,,.I."I.+S' i.i, ttl yt{, Il: + { 1� k,1I 1 1 r i, '('I�' !'`,r��l. ., ,1 'r� -,, r .,r ,t.f. S: A .'1 If: .. �j ,,,; ,I' ' :Tf,j'j �I. ,,,. .l� 'I'f.a�,,:�,'Fi"i 1 +' •, 'f,rl.r 11 I• ' .,.,r 'r i t, ', rr , r� 1.. I ,,..' .( _ .,. p t ;I 14 '1 •+1 .! rl•, 'Sf 1, ,Lr 1 I,�: .,.. ',' S 1. II , , Ir1 ( ''Ir I(' fi ,.1�1.: ' r 1 ,t'l f ,(i `r4,',' I h' 1 't II '' l 't ' t _�. Ult i ' 'jN ,' 'St =i.i .. C.,::y (.-l1- `r:' j7 1 .1..i_, C 1 1 r• rr I` r '.tit 1, .r „'/;j,.( '`'' ,i. ',t• :,;,��f i:S'' 11 '7!w 'My;tVi r`•, i sef;"I `ndif`iIvM..ch' materiall'(/ in+rm" Pro *irt..,llv ,'MTh e a 6f , ',':i-., !�.�. : '.,' f 5 , • . A. . .:.,r , J ., • ,. �L. .•6aJt,4,l .r •'�l r ,, .•;Ii. 111 ' �ni �i�ji� ' i I , a:. 1' ,ld. - I ,,. I t' !I .' ,, ,'1E�., {, x+opetre:i cher$�+rl.to'.'e p xse as inauirred''I . en eprecisbls;pi�npr.�rty. is ret#mil. ,fr= ,:: "+2l�oss ' ` l �f . ',', vr:dipaed:af; the;cant end,i�leted eccuittulettid depreciation.uro''ramoved.frAnl #lle gCcaunts'er�ri 1 ` , Di { De wII, 'a� .�, ' ,�' " , '$ y gaift,Ole,164!is�iiflected it��Jlp'eretJone�1 `�j I( t, till r1,' 'i 1 j 1t' (1(I t. 1 ` r '', �.'' ,t ( , ' . ( I t ( :S` , fi, �� ►,' ". .,�1 t 't t�per�atiia propertios;I.,exci`usive�of�lka d, ii6-dopi'6.tnted on 1 `straigiif-lfzi`e basi:� over oetimated , rrII .,It 6 (�.'l:r . ,�u M.lives vvinch'rangn',frcim'3 to 3,6'y6l rs; Propaxty,"pla'nt,btd'eiluipment, •exrlunive� of,land;'arc.` 1:`' C ' •,sex I '� i` r r'•(� k f' depf,edated prunarlly.i�ti a,straight-line oesis over asmeted uaoful lives'N�hicl� range hom ta'�0 , ; M ;1 ,li ears.�'lJepreciatiori'` t.cvisio 'for',aperatitig pir'a�iei�tiea a,*�:d, prop rty,; p t' and a ui ent a:a 1 r y, Y. . P . ras � e lad 9 p� 7 I,' " S = C:Ar fl ,.tr ' t otal etpeipses and general end edministrativii expenses,.respecave1►Y. ',t'' �,E d6n' yet i , " I an ti: tI! ( ,} , t, . ;'I. 1 I Fnxeign Currency I �' , , t ' ' 'first t� Traar�Iadun': I e.e ( c 1 i „� W.1 ' :1.'The accounts"rlf fareign i4sidtarles'are t7anslated.into U' ,5r dollars ns`fall � d .. . ., nws:,aj ascot$ a'i ; ',:I, , rates x � 1 'I t-lialailitiea'a translated at the o.cGh n e rote an'lh' balance;�sheat ante slid bj revenues ,,oxpens' I ` aaMa'dt ,`'`r:I� goins`and losses'are'trecnslated a! a rcixiniatal tb.e.*rvei� �...? {;(- t FP y �hteci averagr� c�xchange`rat�i for t}ae oriacl;:, ►' .. f t l,t• I- I • t'� ',), , rI ,r1, ,.I 'Iidt.� t,,' '`'.1; I. ,I, i 'I t �•� ,,,• ' •, �,r .Y r }I i'J. "I ,� " I f5annl tiara.`axil atiaienis era'► fetred and acc ' _1; latod' a's -ri'separate `:,oinlsonent 'of;�` u�t '�' ($4,63 LI= t1r >.r ` Wl7•il+e trilI"!1yUil adl�tatmants1 are i iogni7ed'iii ttlt3'CUR®iit period:: . y ,$3,42! W.,j ' 11I+ , , , •�; 1 .,j. t; r ,, t , t , ( (1 , 1 ,I 1- 3 ,t . I. notes eciitlapw , 'I t . I, tt , ( ' t • .. ' pleLgi �; C rta '�ii�,�.r y `' ate ! v ! s r t..�; intern; ;,i, • ,.It a amnu ut a Ei u classified tn•corifurm t I ' ' ciu�rent yebr s presentation, ,'' `` -! , " 11 }, „ . , . c r ,::. ,Y 17�J�1i ' I ' 1 ; . f I. + 1 t 1A, I) r r.1' / `. 1 _ ---`jIY *103Ytprit+a '' i I` ' 1 I. .( « : ' (1, .. . ' I ' . t '�'.I II I t1n' ( ;. ; r ., ,`v ntrrIes are 1aut1?.IIiB�"1%CQ[I��s fol1av�is:. `• '� ' ;' I' :'; t. :. ` 111. .. ' 'W.�� .� r, f, I I : , rI,{ /, 1( J 1 r i t ,��:+ f' 't� xlln?�tI7 j,ri , ,t ( t � , ,I zees ;Fx1s2 ' � `'P ' � ' , Electronic components tar resa1n ::. 1 ($ 0,0 11,Uo0' ", `' ,I Y . . ..... t ,$QY1.,. p i ray .'t�• •, , • :Rav+�,materlala and pc�nents. ",:, '; PP Gym ......... �,�io,ui�Q, x,�ac�,a��� ` t Wbrk`in prooass.'Y : ' I •I1 ; . , t, •F , ,r;I .:. .......:.......... ."................ . Y;Utt1,QgQ 1,QQi,f10Q' ,. , . 1Q GI?.`Q00 d t I ,, 1 I�, :. 8,U3Q,Ui] I rt'�, I Lese'prtrgress,paymonts ... (IF,1►(t00) , . , I J .. aa, :,oQza. _ ,sz_z;ooa j'` t . . I .Y'a 7 s'. 1 t 111, I '.1+ ,1 I'., , t ( ,. ` 1` ,' t 1 , 7 '' t.. ` t, 1 . ,,' j1. i....,� .1. , I .I .. , ,I ; I I iL• ' I ,l ,, I I '�',t'.r.i t, t . ' tI , I S'%. I ,. . , ,1, `,t�i'r .. I ,s . ,' ir1 t, f 1 , ,-I, ",, -I .,�, '1 j t,I{ •t II ' , ,4 ti t ')I i , 1t 4'•,,1 Va',.It, '= `.{ SI .,.•r �� ' �'Y (1. t < .r ,, ,1 i, 1 - . �}T 11' a , ., ! L pit tf' '1 .I I'. S , , Y, r',. ,t rue:_::&A.LIr![�'.•>j s.t&jka13.a1�w_af' r A.1 ; 1. .. U MO t I ��T. P 4X 4 Nib, 1?'` lie 4v fkI It. 4 At it 7 +A1 A.. ,r,i ' '�,.t •! r K � r � . •'. .L.a. .. ;; .._ .. ... ;;{ r..,.,..: ,r '`I!; ,; .. ' , �. ... .. i,l, S 1 1 `'r„ to g(*nerallk, NM 3 —, _Kaw1*ibJw w.ReW-FAdale WON And RAMed-Notim Payable,--ri��c(•:contii;�� gi; f+s', . f Rec are eidl,ph)pqrty,jqld.tifid'I'ans the elvibles froxn'�eafivsr.' te sales'. seeuivdby the'mlait' 0116wi, Matift Kato - 1"A. rerredIf rom- vF7 79,�'deed� 1984-2C ,OMDO All.ffibl6siv� 0 notes 110 9%.1 .5%". �66 $7 1141000" -2014 4,416,000 vlotes'..d... 0 .1984 31 0?4000 g4 not6a 1 .'6%-17%,; Sewnd'tr�s .,2 994000,t 1'64d i,654'666. V 291000'lvii'tm eid ' ' ""; ' tsr. T1116,COO,6f A�11-inL I& t.'*d 0 n6te! 1996i All f Aj pert i ,fd 9 06-.!......jsf.. 750000 1340,000) ts aM,0 aced n VV (719i,'000) Warred pipfifoh' sa6 ................. .......... ....... .354, (87,000Y; ................. ........ 100A $82,087,000$71','929.000, • over r' 1dr i' 'ildt Discounts are.'ba�'ed upd jhe!proliiailing Markei'"at*88 8 m debt instruments at thelime v(- of la' d' eker.ut8 a are' mo e a zed (ve v"'the'll es'of thn notes.: r rifrom 240,3t1-. ' 1 . " ' iquibn�at,are , The A4udlusive trmtAimd notes recat*%ble vW arose from sales;.of:si�S W-faxni ly resi-. ones are'due in insto ment.s;over-1 to,28 years,,bear Jiiieipst at ratas rangingfi6in. 9%, io-id.616j'O and are secured:4y the hejuses'so d.,T ie,propqrty,sold,1s'also,ple'dged.ob ro lateraLfor undeflying t6i"Ihi'sit:deed notes ayW,)Ie*i P 14, mber,31, i982) for w Ich AheZdmpahi q : .' � y4 :r' 3s , ran 1 5%, "Are' pay'616 in'Miontb ly installments of'p' rhacipal and Int6rest, an a) assets' tend: rates, Sing rro'm'n 90A to 16 d , I : 7. rx Ues, ext as are lie In 1986 through 2010. , ,Ions d ,'br i period. Included in�Jli balance 'Ch6t, d se 'o id �trnst d6ed.notes e a a an C 1 are rtotevtota In' $3 98 00 lie as,�callatoril for.n6tes pHiYij, . 0 lent or, ($4,6.3'1j'PqO in i982) .that hai been i�le ;in fii6 am6i.int f, pqu t h trUit deed 3.429,000,($3,418;bpd i�,"iO82).-Iiialuded'ini the' balanc';'di ofil single-fami� If notes in 1983.artet ni'oie'itatalffig $23,60;6604;kil66a�P',4WIy'of"app'rqx'i3li'atai ,.$3;113,000 bas,be'd'n'' .pjedg6d, M,colxater d :f(ii it'6i6s 'pyAbI6.in th6`aim'ount '6f•,$21006,066. There notes pivlyable 66 Sir interest.at'rates ranging from 12% to prkn6'pl,�)'2%;are generally'plyable in mbi. tbly ffiev st,o dy jj insta llments, and'sre due in 19S1j1iioug i With reap' ecAloilie multi-famil Pn_61.isWe trust deed note, the Company remains liable f6r y,a)."..-1 1. . 1. . , I I I the relOG 'first trust dbed of $895,000 (0929,000 kit embuk,31, whicl is d Dk' 1982); Jfi thb' amoht so W.Cur,30 Iy,v the so' ' &its'i'ntb`re'st'At 9.5%`, f1j'pqyable Jn' * th Id. T&, noiq payable b principal'6 an:recelvables'&6fii Ma es ate"sales and r6la"te'.d nates,'pay e are dud 000 Ows. approximatelyOks 000 006 friDw Rod Iblinki ratate Notai 000 ...... 000 $ 5, 198.4............ ................................... 2,116, .. a , 1000 tin 5 000) a 'Obb 1985 .................. ........#........ ................ 2,173 UGO 1936 ' ....... ............. ....... .......... ........... 0 709,000 a............... ............................ ,000 4 Iq ....... .................... .......... ....... 9.Z82,ODtl 6,720,000 1989d .......................... .......... 46000 ,5213,000- . 1 000 40 $71,92 ,159'000 22 1 4 f4f,V., �,l .......... ... 7�p . .. .............. ............. ... ............ ........... 77,1 Or it j: if 43 Will .:,k P to;, F Wit it." I lit if p "j;Mate pubpuband MISAid N60" aad oaw riy#ble lnInclude.'. estate-Objecis. fi, thi i3t. 4 0 folloiMlig:, co 3 0 and.1982i r t 6 w r . - 6n.d UC Lifid"Uld far d6valopifie' 2 ............. • �38.6186660 1 -126,k15 ..........f.iltiolio......4.,PM ec in Orck. lo,246,000, 36475 0 0.r:.- a Prox1rAito 0001 prov it toi. W10tispis abd qondonilniumi, Y ' ........ 1000 13,626.000 1"d:a o th 041,007 47j-490,000 ,, 70 36,000 w;, a industrial ic�in' wa=al fid, & ' 3*043,000;228'000,.'Uni .......... ...... ...... 0 A&Otlopmeht....... 034,00 proved"lots Held f6r' il. - 1, ;l, I . Prolkti in! ocess . 319 ,000 1" T op ..... ..... . ..... M • heP l 108,000 560. , Jai $75,658,000 -$54,337'11660 pariy p Wse rn ails, o .5'' Na#e$'arrd 14ans payable secures by zea]Ibstaie projects'be& interest at,rato� ran�ing'prLm, arily f 11; of ith 90 �jd,Orlin eo w 11C X„iam The, fi - 1063 a b i prime rat' : ,f n erest averaged d,:15%' or Al:ail and 1682i r:.w 4 W` 88 ,11%,OtT 1;-1983. Th (i notes payable'arI6 re'D . . ; , . - . I ,i6s�ectively, i jlint o U wh It"lie foil ei 982) and, '6 ."ge ,eiladly,dcinstiu*c't'k'm Joan, ftinds' t '606,in, f ar ppr6xima ely $46;1121,000 ($8,786 repald ywillifi thivre lated'j)rojec: s ai-6'661d. nonf.16 riceJab` b Pri p4v 66te's ifid loans a�ab a y real es"' r` d b p Ojects ale UO aC11 •W. ments-on. p 1. s e ui estate j1p P ............... ....... ........... 4...... ........... 50,000 ..................................It 4.................... t 12 03,00( ............ ................................It 4........ 7.5 1087'...... ........... .............. ....... ..... . It .1. 08 .............. .................... .......... .............. B.60*0, ........... ................A98.4 and-ther6after.. 2,759,00W'O ' $4B'B32 DO Pibpart� ind Rilated,Notes and'Ldiina Piyah,16 ! We d cost and depiec' iit�d uslri,� tbe'sti�ighttlllfne niethod, %.l.Op,6 3rti6s, which'j ' qt ng propi ..... consist o ik Bui ........... ma .16'1"j25'8:in 1982 ndio'm-'mu;im' unit 00. 1, C )BW mi industrial oxite dal and indul 18 industrial buildings, 4 office buildinji, is and..in 1982 only; a commeikrial center.ot..,. 1,2,1178"000 , '17,178,000 Les 23,776,000 r 31,330,000 Leis' ac6mAulated dc0re ,inon................ ............. 3(2, 38,000) (11,58. 5,600) Include $21,438,000 $30,745.ObO and equ.)Pnl —7 23 W Y --- —— - PT . . - �'!,-' -7�7!,60v,�--!gq- 7- ---- ,.r. It M 7 0 - 'r. ...� I 4'�,:,;�, ------------ - -- " � - -- - - ...r I It. , " d. r. ��J',;A,���4,�i'lf I.."." . rl - � i , I ,, , - , �,,,�,�,�,!',v,�,,,,,tt, J�, . " 'PIr7lMirri 11 lril It,If-JO ,t,T."", It �� F;l f, T i;71',�70-,r-ii ", r, -,',. m, �r ,I� 17 ",I , , r-', , P ,�e, i�,,',*.:,"(��I - , 77., , 'j'i. . '3,V1,,,!Yiv%,4, e-',4iV I11*1 ,7 7 er 7, T-!"'F-1,�ogA, ;.t I 14,4,1 f ,-I N.,� , . , I%1.1. 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J 1, ; ;)I *- ,, � , . .. :., .., �, .11 . I I I . Defikoitd .'', I I.-I , I '. I,,-! , . ; '. " , I" ` " " ' : ' ' ' "'h d ' , ' ,1, , ," L;: �. :1�. i., :11,�,the-ma, x,hnitikilid�Vorage amounts bf A6k-term' Oilisitanidiffi�g dt�trft�g "I'' ,. . .. 11 ., ' i. ;I��., Ii" i, (i . 1063 appromin (a ' ., _� , .' ' � poses .. ' . ( . .. � . I ... i:,,"'. '..,"."p . � .I !'4,0�-,�'- I .. . I I �' �'. , I . 960 coo ifid $6. - - " ' i 11. I 01the I I 1.I I . , '..",". !1. � I.' ��. ,'�,_�:.11 , . I � i , , , ` , . ... $ 804,MO.6hd i k MOM'. IV Y, .. I I . ,', .l, � ,. I . . . .$5,46,66"t 'i 'i"'-d"a ,$ 0 6,79,000, respectively, ixi'1b62.`As . rj,ml 14 j.,,"'..;:. I . I. , .'�. . . ': '' - I -' 'I I I credit ' . I . i40,060;" ' ; I . ' _�f I I I I 1, : of Oecini_W�ii., .1 983;"the .Cyi�j�ny also unused lektefa- "," I - . , , I ". �. , I � .. . .1 . k * , .� - , 1).". letters. c., radii A gn 9 il,', 11 . .� � .� o I . . .� .... . . .. ggre tl� ', s I V , . I * 1 . q t;l ,,,1,. 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Y ! , , - �',1� .`i, l r , ,'1.( ,1 - r ;i• i� '' � i ` ',. } lt, ' •5, rl, f 1 � , i�.at +, r r , :I 1 _ ' 'r. ; 1. ' K,{�. f t• , _ t A .1 ,' +. _ ,�. +, ..r171a'1. �Ill: , f .y/f. r. 'I •_' lr 1 { I r ", r .r. Ij J .Y)} }� JI ,,r+`, �. t tt I i r'y �1'i. , r 2 'l', ` . 'f ,'I ,, '' _ ,,• L 5 t f; 4r•`�.r'y� j i,.J('t •f ' ,� '�'r�,f r r7 �4` `' Y...r eY /r,./it l.;�' ,,,'1'. tl,. !�, ,,/• {, •( J r tp. I.tC,.y}'3, ri,fir ' :t: 2 ` ' ='t 't 'ka,, 'e( k':1 +•' rj :.i{Lrtet,2''�.f-5 't�• ! r a, Its}2 yi t r: 'fl. J''=. � , 7�'�' f 1 t. ;t"i 1 i• ; / � r -f.N l:') 1�.',t(" ,ia. t - ,j f+. r L'} I ' -5 ) ',. 7 11. '�f}' r,)'. r, ri !. t' r '!•'' •.':{.,i" a br,�`.7. .. 1•R '}" al,i:,.:.1lF St L'rll+.rl:i�"�....n{n.j},t'+.7L'..i.•l'..,;..lr JLr..:I,i.F• ,•�...... r .,.7. ,r..r.. 'l ., ) . , r I. - , 1; �. '1. �f,'l 5 :� , ' '•,,. 1'I,„ l t �+ ',t1, , 1r ' t �`{ • �y�r y�,ys�,rs 1�!y�`�t Ir 5! 1 �, ( J- , r 7 r (,,•5. J., /.; .f )'t r ,�' 2: ' •Y, •.f� aiRfl� S4 , � 'r 'a'•.J" !.}: "f,l(. .t ,' , , - '; r', tr ' , 'T"he. Cbnipany`files,a coxlablldate' d4ederal iii�;ame`tax''raiurn` andJ`combinadl state :1nc6ma' 4"' ; t b6 : bitnea 'The rr� t` p came tus, Includes-ire 1h a - . f );I ,f i181 JOf?C! 6U'i te'income taxes iur1 H3:( 23,000''ici 1982 and),%�2,600 in 146 );,' I ' 1 •,.. F ` ;•, �`;The �lek'eixed pri7�istcin '4t�iie►£it) 'ifor' in4omi�, tax+�s,'roaults"firar'ri tir�ing'.d3ffe�rrr�"fri i`ne t` 'l t :,,'raj ca`g.�nitioa�lo�tricbgie,,a',in, nie for tale 4h*d.�financiaj ii tgt—i ii'e'nt purposaa. The aaui�ces of t�iee0' r' �.(r's. 5•i' 'r•i 7�./ i` II .r i .';r• dif3fiu`encea'fu 188911,1982,an 881'i3udl i.hF! Wh t'1��.Cit CSf'i Ch � ei fQllnwsi. 1 {,. .�� }� .f '. i. .rf l ! ' l 7. 'it .. ,(/ � - ,• , , 1 i,' !� :i'. 'J.,irr ,.', � '��' U. i _ ,jr) �; t' J; t.Utiliaation ofr 'no .o , •} ��, 1 '' ( x t1L, 1+ for ` fi om6 ,tax .i `�' •rr 1��.::ij.' t !1 dl' t—,�, t,,.,Y{�. .L t• "• !. f' 5 t jr 0 117.1 OM �,?' purposes;:a:......a/........... :/..1../.1...:..L..n:aa: .....1.........:, +$i;6aQ,000 "$[1,243,Utlil) ' f 100 000 • r lit t and'prrfpeirty te�cos expensed A' •inducted;for tl )' ' 1 t •. ,. , , ., .. pts,:�:,apitr�li .ed to.'real �e�tate'pro�ects.for ' S •, .( 1.,• +, •, .y f. „ ;r', '•o l�yfr,/ t r5,� /� 1 1l.. - �7't'l; `,fia�'�tlal'Staterne►nl ,Ou�ses, .,1/.1//r......•.../:./...:..•..:•i ' t '(41,.,IvdO) , � 2,091'000_ 1,�fi'�',OU0 . 8,610 ��' i ��rr�edWoft't' i�nrif aeles,of real'estats fid;ly t'ecagaired f,,, t '' y�1 st dat�i of r�a1 far�financial s itern6nt purposes:and reparte.& not "ffia:'i�tallmerit method ,iur" •tax' pur ,�; ' S 1 .:..::............ ► :..:.......,............:..:.,...:........::, :....... (2,586,606) (l.'[405,(tQ0) 3,174,000 ; (, Net r a owa lces''for,. ftnancialit f i 'statement ur osus n r'ec ni E t t"'P P at ag xed' until- rea[lzad. � �. ' ,: '.:,'.. '„" ' �c t•. ', .., ,. for't,ax port >, poses.....•:;�/ ../:.ti::..:..:.././......:;...•:......: 1,319,000/1, (2,63),'000) (Q93,000)• ,t V t Losses of ao*heii'subsid1aries clasfified as excess of 1 1 purchase,pxice'over fair value'of auseta acquir A for t ``l ."financial statement puoposes ............ .:. ..:............./.. t, 1 296�000 dross profit f3rom sales.df real'estate' fully-r6coi, iced at detc dr Salo`Or'tax PurPoPes acid deferred for ' financhd ref,ortin purposes.:..:.a..:.....:......:.:....::....... :', 412,000 ' (89,o0D) (597,400) Discounts-oii notes recalvable reewded for,financial ' Departing iuri�r�Scs'and,amc►rti7',od ever tha 11' ' of r ' r ;t �•- , ; ' , }; 1 .#1 :sates,'not reccil�n zed.for tax purjiiibe;7::...:..:...... 51000 �3 56#000� (�i3Oa0).. ` Collateral ldan , oaris'sa.:ured b . ' ,; Utili7.atiari of elcceierared niethtids`,af dgptttiatian fnr,; a T tax purposes 'd id oe .iiaht� we method for finalicM,. I s 1 f r.la „Qil �E, , r pisrtiug nurpases:.;..:::.:,::4...,::r;•.:::/';;...:5....:...::.:/..:f1:' • 23D,U00 464,000 1!332,000 tdtp).BUdD ', .. . , � ..• I to �5% of rtfie ;,� State'income' taxes dedticte&as acc?sod for fw.innaal , ��" iropartiug'purposc d ud'as incurred for t+�x•purpcsr�s l'. s (1s;spa) ',: F 70,Cr0a'.7, 1,0l 0 5, llaferred nff.cers',:b.errafHO n%;i dkd ctible'fbr';taxi Pur II3 a roximated , i,. , , r ZJP 5ii' asas until providasl.;.r1:;5..5.:. ::/:z:...:::....:::.....:,......:... ;(06;000)t {; (35;UU0)l 12 ,40 � S t C3#heruet...............:'.:.../;::,1`...r.:..,.......:.,.....,............. ...... _ (12;Uti_0�in ) g• Eli , .. ;;. , : .. 1 .D UVU OvU 1 IIIJ0 3 .roll a00 1 I` .. ,. 1 R`�a .. � I .. .}'.• 26 4lj I ;li , .r`�,. }!r' :`, ijr •tt � 't ': ''j '.t• / rr .'�'Sr J,,IJ ! \ ,' ) F 1� , !t\' ,1'r,15!{•('1 1/'� ',�{, .� l. tl��r t ,`•�, f } .,:(!,:t•�( 1(iy !• '�l!I•`t f � .. �!r i ' , . 7- ' { •llt. ray 'r ,\t'' '='1 fr •' •il �t Y J' `f} , ! , l •'r - ( ` ,L71 7-''' i , i?J .1 tt !t i ,l'? f; :��• (tl 4C, '•' .}L! t i f� i '.' r. ,. i n i• t , t +A � �., 1 i .1' 1. t ' , L '� .I•. '!f7„ .5 t I jr1.c.(• f ,f, � , 7 J: :IY , t il)' f r. .t. .(r 1• 17 �, .� _ , .,`,,''``{�...r[►:'.Lr•��:i;lL-{' i j�,{� d�tl� r• _ ., .. . . _ -'- _ _�y�.....,e�.rwrrrrw.r.;_1.'1t]L,.u'f7L•i::�at'lAl�a�l�i'' -- -; � #� 4 1-7 r/fi?,4 N it'l I f 4; "Y 1% Nil 'C i1q. • yy' "O:cy. k N� Jr Cr' ,i,,i(:i ri r ;6:{r '1<•l� +J, 'J� ,1S' '`J ,i J• 1 +,' '1 �th 1 , +`.'. t '{� f,!', t .•, f �, .+• f •l�. + '+t '6[y�J{,; •'t ,I,u�• r ,' •�•�;k9. Fill N. A r IS iieconciliAtilon; of ncome -inr es t he 'Cart tax.,expense, one t I me ones; 'rii) forl anAA1 state nt pilr�os 'o t, !'GXPOctc.._,*; tax rate C)f 46 b,f,income'm e',be f6 re ln6oi�e' tA�4.fb1161v'S: ij 1, valws,& IU 1903 O I py On.I A "k 0 Oi 'Umputed"!. expecto Oc $16 .5; 0 ej84 06%. 40A, $3, 116,000 lo 0 T cunvnt�8 11comi 66 Ch,11?44 r If 119,00 2 1 e ... , I�"". (�` . 352,00 S.fit 6,fe&M ti e 5 1 j,006) 0' 2' in digh ubiidiiiliis (5.2) for Ow W, 0 .7 41�1 bi I 430!,b 6 It ti:r"t IMPr. U c're* d1b*.,J' (i62,0 0JI�;J124:.,j Y Pretirskic-eis, inoffi-'tax on 000 P N"0' ,0 0 6 (1 PFA -43.3,000)' - .,(1.4),' '0I ar, j.fo' h ........ 62 I; i.:839,000. $3 3556'6W.- 49,6 !'A M 606"boo),t, (3 6;0) d Citi"federal net operating'16 s. As"o Dei ornpo,ny. utiliii&the t,f :6mbei�31, 1983, the C remain or.o P c CM at e i�f6iWhrd oTApprox1niate1y'$4,050,,JOQ. for statement.purposes,Aha';utilization` the', jog�:cwryfbr, hid,has"been'recogniz46y restor ng the'met.def6ited tax 6r dits ir4tdng,fr0 m:pr1bY. P imployee! Yi !ars ios,sds,at'the currintiYear's tax'rate of,469o. ais. of Su 'A'O'f beceiii6r'3' in:vcstrr-i)ht tax cr , t'(;6rryf� eonsisting,of,,- 1983, �die Coillip' any h83"' Oft , as Year.of-- IraUan j - :1996 3q•r ,0 0 0 213,00 .............. ,1997t, 12.5,000............ '1998 : .,"Mrin }r . , ;i , `` ' x11,000 ,` r y f :r t OWrinian open�mar) '� 'ts bf1hires H the fi6%v-thi-I6itph method, -Thp,Compiffi�,"acco n tmen ax-credits uh�6r hod, wh'broby rh�',C SOC C i M e -e Ili 0 1. xpense,in t e year n �v� Y'aX �qajjo,h:I... -i' ,'i6L-eat..casrec ctioy-w f nc.oine'th.O d 1982, lo'l io rposus.f6r,tax pp., S lbstantlally-411:of t�c.1983,Provis on r lnc,ami ta:6s aris'esirom c omestic Opoistidn N6it-O" Cui�Wbhents and.Continj6W Mabilitf n c- The Co m"',panY'has c6inififtffi6litz and con tingent,HA ild s f6r did ustia' 10"bfigationt,of a tfa Wlthlunafl L of, iD IM re lymphts-requ,r,o w era i ' d'�nder-rj� un &Ifig IS—a'Sc'he',du,8 nilh6ihnni ';itAl P 16a'sb tor e ses Ave r, Mil'iftith'g,nonis initial a] , or rip f 0 14, -the a ms n expess,.a one year as J� 31, 1983: L nuo 4 .,................. ...... .......I.$........ 660,000 549,000 98 5 ."0',1...................ti,e.......... .................. ............ .......................... ......... '513io0o, OuAstan din 1987.......................... ........ ............ .....................# . 354,000 ....... ............................. 335,000................. pill, 19,39 and thereafter ............. ....... ............... 9,631,000, j. $12,042,000 F uture''sublease.iianital inco'me.....; $ 2,082,000 27. I If p it V Ni. V .7 r 7,s T ri, ', - ;, ? "f.4 -T ql!. Jirt A;Alh ire 'VO.O." tj I ;.A lf -J t adjustnt" tB -of rents teased ujion.a p' 'd Land " rt p raise t Cel �fn s eis cib h t 13 in proVislons requiring , ell v4lues alid:ffid;eas'e&;in'the rice Inde ponsumer p X. 17. On Dkerfib�r' 6, 1963'; thi:C6m'p' ar'y' enterei4d "t n i8r6ement,to''Adhii1ra,all the*btitslarid ns .,n o a G em emente") Istock oUsah", I ante Siyl�'gi.eilid the. a t A d ate rejulat'-6-iy" approval by muinnia e 'during 1984 and is federal a er' l 'nd,st cur 9n ,,,sh "ne6146ti a siU Clemente,en'te. S n'CleM ente apirates three branch offi6es, in tho Souih 6 " ; ' ori � uptyiia and' total of'aproxlmately'$40,UOO,000. ,riaprchaie rice will, u •p * 30, 1983,;wb!p _ Is yet;tq. ble n excess;d,-Sm ldidrnenW'�,'book-Value t Nov�mb 2j200,000. 1 a er -do adjusted for certain toiiiii)ed.'i c' ai114Pec1fi.6d,l!!,-ms. e' Urnpany no;' ereWih a genera '-parthe n owns,mi i ne. lie - ilipli 11 J, I'h a one "i6hi bfifully aifi6rtizin ',oi 'bil that Gorntian�.,an& dther'j' 9,panneps ave.Sw bo �Ai) ears 4t,12% '(��60;6664i:bid�rn r 31 dy $703, )lii-b' interest est 6ppr6kirnately,', .r{i71. � it i:i+'rl +� ,; ,...i,:, i, .., 'i ': , i. r ,: 7f� ,.tr � •. ,. li ,'t,• ojd10,'P6yib16Afi,indhUyInstallifients:pt 'Who �Vill`The`%JC6MP`any' h6 'dofe"""' ffi%V ts:�with I key'' I " l rred,compengatl6n,'AArde en w certa it ey employees, A ng:fit�i $io A''.i $i: f recelve,updn retirement a specified�&fixitial su mi rang 0 0 o 3,750 or ten-yearA. A d the employee dies, &ty-un�afd b &a'�lan Will 6 paid to the efii�l Yee s'6�lgnate rt Ent under I .. 1,1� 0 •'tit za be' T"he'.C-6`m6palriity' ,bas 6'rttere8;in'to '-A61e llfe'insdradce c' ohtfai*�6�. each'1�6f-iii,�'�c6irisred. its eqiployeeg,.tH6,c6sh'surrender'.value of wlil'6'h' w 61'lUid'�d4iiatejy.fund't6l"et6ihoit arffiphy.1 The'., cost of su"rh, insurance amounted t'o':$76,00b 1//1$76,00 in 1982a $56"000.in IF81).1i6ludo 'in other assets at'Dec"e*rt b&,'31, 1983,,istl 75,000,.repmaeniing the excess of-the CdA surrender,valbe of such Cojtact bvbr'tlie Compnya liabilityindr- li so def6rred conpts, iion agreemni,N6*T,E,,, 710, Common Stock- and Mctnn'e 'per Common Shale fPj Mchase of Common Stock of the Company ring 108.3" le ampally.purch ed all 'f t s ack owried by TU'Paul Toop Du the pen, f6rmorl.V as 0. Chairman of ffie Board of Directors, and his family amourlingJo 72 996 sharesfor $630'000. No J, open market purchases wer 'made in 1983. T 6 Company mat e open'm et-�Wrhdseis for �,�,boo shams`akk'W'(Jj� - ares,in 198,' E�64h 4114. 2.-,,4d Itloriah :during h M3.060 'h fr6 .61,mployee; 3,743 ifi�res ri n alson of jo h 1982, Cd1n,p: ,ELn*Pwc ase 5 area ni'an e !i s et Iifidffilidt6ddivi I c 1111 . nig, �n"d, 20 :shares fro m tin' n A- )0bri'riiaAct Purch es for 290,806 sh' as In, 9,81.-Ali6i t6 mpany. The'co"mpany..me 0 as 11 ar ni H aup or of John:Wl; a pr vale transap Jons.' 10Z6� ,.!',96wshdr ' ni:ifi` d " hi Kitig 1,961 Ak�� ''1 1 f es fro n V with untsffiliatad ittdivtdtiala and .5,000:shaies, froM' Prx employ.', � lug .R.2,31 5�b o0o M c � ' of,,thd,aba'vo..p, uichasas ;wars 1 1 i ' rna'd e,.a(6r b ol ow..thj,',th6i.prevr !�I-Jnw'g",rnarket,brice afid the 1 lw ielate sb&Ps were,s subsequently,retiredl , 00 i ncome Loss) per Common Share ' C Ircom oss)� Fr continent Aare is based om2,024'000 shales in 1983,'2,095,000 s arisln ii",6d.2,M,000 sIfarei.In 1981ropreienting jlo-Wels�46d al ara,;e ntimber of coma on-shares outstandi ' S d4rinS ekhyear, 363 It P . ----- --- -- -- --- -- - - ..,.v� M. 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NU'X'93�it -��it#see,It' ieurdnfj Ply► ' ` �. r ;. +• PrAMe D�'ing' :966;F lm c6 ipany cozivetted`1is ��ziiplay+ t 51oG'� Qwnerahfi,I'l x (ESOP) to a'Profit - �? dam, 'fie' r, �tisri>ng'k?lan ?lari);wliich he`s bfsen a��pmeed bj�,the Internal It�ivenua Sar<-ice. CJnder the Plan,',the 1 ,, . ' subatiierie ,• �iztrib> ho"'ni'vastin` and'' 'art{cI' etibn'is3:`va a�3rililar 'ta the'',ESUP; hbhever;' t�e rangf3, of �� ancel's ie�t's f y S Iy , p rY, r i+'paalha' �rstciitt is coni`deily'wider:, . !. .�Tendesl,!ai't '1 } ,'�� 'I, .`; ,11 ,•,�.; '. r '�; ,�..,j '!-• 7 1 f• 7 It �.i , t' .i t pxai�`msrq� m!6rf b(s the;hil -tier a4,�rnployee�'of the'Ciimipanq'(exc�udinSiemplayses'-of' ' flit, ` ��,,'', ;�, P,scxnternattonal,'`Inc. �and';RuII 'S 1j``n'666 i. 1nfh nu�m %16hgth;,,of cer�rico, xr reyu1rH fi&.'.'BihO1byeea rt v"u-'ed'bKi i iion�apohiroied.plait are not eligiblez,tci'perticipeEe'in`:4he t, �, Ca; Phi: ' _tC.tnder.'tl��P��,,00ntrib`utiona are made at the �'i�c�retion of the'Aaeid of Tlliectnrs up' to 's" 1Utxi.�1uk.a€�`i5 tixf elig ib fi ern rla `ees',roin ensaEioiu Ern' to` vff,stinj�frin"the Plikis at ihfiyatf� f AD .;•j• `,•'f rye d. ♦ y-t r 1 p .rJ .•f.(. ,f • f .. j f vTr + '•,� •1 ! f'•1`rr f t •j 'o�f7r,�,�,Cj►rybi fizz a4l h;y. ,uflsr#rplce xubeequent•tcf"Janu ► 1, 1978,Ail exfiployeerbecomes'. ully'vested ±i�nv {, {It, iH'(At E7t1 j 't A S',Co' e S C t• 5, +f , ..,. , ,. t l' ! tr' l'tir'rt ,Tr4 > i' r;' iplattir,g ten.ys�ra,af,p tcipeiiio��, iesra i `e�ge';b5, b air ir�g toielly'diaabled- ',�, oir,{"tipti>a'i�eath 't"he Ci �{ u ' id'�ccntriL'utioiie to`:�ie'Plan for ymn f,;'��tgtl .r.r.i,• 1 ,rr ,. .: .Ai .Yx..,t v,.t{, i 1'tt .r rtf 8 axtd'19►$i of 2 O',DflO'sna t , �Q;'.iegpecttvely;,represenung 5% iri,i982 end.'1n�6'•ln'1981 of tha eligibl �sal�rie$ of panic gating.Rui iloy : :i Nn'co 'trlbi if r`n''hss Wen. accrj6f4 for the.year tk 1LlS>RiDr1�b8Y•,d��•��87i �lr�� .i'�,:' ' f 'r `.{t• .. '+- ri t I�. �� t ''j 'a'loquisitLt�tt v4•V3 lle�cta�i�s' trzaat3QnaJ, Yno. 1�1ez `li � :•F -_. •�_', {: f � t •, r f i�, t' '"t 7 t r - .{• 1 d; t. + A. ",j� !r f: ,'A.C+glrfsiti�,u ,f f, ,. .,., +' ,r � r ''t � ''r F r Y! +. 1: rj• �� .f � '� 17, [•11Y -;. 0' ' Jturluar3�:25,'29E?;.,tlte Companr'1ect filed all of,the'ouistandinA;Rtoek of VSI'Electrbnic,� 1�;',� Intarnati final, .Inc:l ("v I'+j Gore V3I Corporratiori•as of Octobe •,i5, '168i.' tfT16'purchase:price of s'";1. Eqi $t3;0E32; 0(t',w�is satiafieii ,y'payment rii' 2;li32,t19t1 in cashjatDecember 1fi, 19Et1:represnntti>l the: t. , .,. , „ v .. , .f { stated net,boak.,vlalus:ri Oct' b&r 25, 1981,' and a nfjt p6ymeht in.Jen>,tei;�' ,I1 t2,.of s ;�5tl;l?Qt) '':, r, reprzisenting''a ;discharg'e'of all iiebts 6r.VSi ►o .VSI Corpfirz�ti'oii as' of'that concuinmation date: Iri 1 ' addi fon'.the tCom 'a . 1 { t p ny`assumed unsecured debt of $3,E�I7,(Jt)t3. 'Acccuh ing for Ac.quisitian''4' Cos 1ho acquisition was a bu'sinoss cambinaiion accounted for as a purchase withln'the rn.a'WnR`r , , C7th of ClpiitrIOn Itio..16,of the A,ccbundng;>'rincip es-Boar the Amezicauliistitute of Certified Public' ,� 4t r• AcciniantsAI�Bi�id.'iB)t,As`allowr�d byAPA Na: 18;':41ir� scquistian.ia;haing eccountea,for in of Net f1 Dd1cAlt1ltiQr-i31� 19 1. which'�falls b�6v' Qen a dHtps rthe�'easiness;nomviz aUon'.was.intttated aid, canitimmsEod. The to:4s realiz�rd'during'tHe,'pei• od Qctober 25, ,]9ti1 tluau�, i Dac;einbor 3 , 1.9t31 , 4• 1V(17 x , ri ' 12as ibeeii�treat6d a ``sa:adjustifieht ,of ithe :purchase'piiCe. .Tlaf�:purahasf3 piicfs''vias originally �' •r.._ a114caW1,to.,rast�ets .acgtilzred;based.on ;o.cisting' book values of:fill. sets ,f9:i` Segrnen cept;,property and i 4'.equipment. he purchase'price allocated tea pro e., y and equipment was rased upon'estimated 1 r ?fir} `. rnarkat;vtiltzf3a: Dusing' 1ilfl�,'it was:';deiermL6r d'that inventories.acquired lead 'been. overvalue gates fro f uns ,. `se ' sntories wfz> 'i valuffd 'fii ort it g fu" their tfilr values en&.tho'Cormpany, in�tiituted'If3aal ,, i prixeadings'agairist:the setlfr,af.i�Sl. Siabsoquort to I?ecsmbf3r,31; 1983,'tlie Gcnlpany settled its CJjpf�ni`tin pz t, claim agsnst�.thf� seller,'iecaved'fig, amang`other ite'r ls; the impairment lIl the value of invenntorfes _.<' CrMer d Corp AcOlre�d: In,t6.accoi�ipgnying finaricial etatenletiW, such amount has'been'.classiffad,in accounts :�1 Intt rl et;`ixp ehd'otl�r raceivaUlc�,+ � � ; , • . r {, � .< income bef+�I I-Yad't6'acq'' !Atian i±r:cured'et jauuaTy 1 `'19814he pro forma uhau' dated,insults of operations 4j, inrorxle`t+x� fat<t.f�fi 12 �tlontlts;ocide� Dkembet 31, 1981 �vould'bi� a:>s follows; Idantiii111a F i. y �', Baez f LerriEior, IZf;VGI]11f�Y .1. .:............•.............,....................r......... r.. , ; Net Income �' �,1y9,(ldU � '!'otEil esseis ,................ ..........•....1...................... Dec�mhf r, 29 1.. � r. .,,'•'{ . .•t Oft ; 'r r, ,t•• .} ., ; 1 ; •f,;. .,:,'�7t 4•i•r '�r'`.. 1 , 1.•.,l_ ,rr ' '' 1 , , � = t • r;—,,,I- 7, . • Fp • �j77 � — , , j "V • , Tryl v / ,• -' to� ; I I i NI.j9 A " PMA g�,• 141 14 it I, it 'At fir it, ji. i J A, A Elecuoo`d intehAtt anal,ilk'iLast U651dinden in,,A uaftWhi Intl the UAIWJMUS 0P) ip6 �Widluy: W ah InVatmenV In,v subsi 7,"Iand: Thee l � .; er`tbl Su 4 beent: for.. C t`p'urvosk�dombiusid' rwd bil- 61didililiIi ha cup flnun W, stitomen J` I s -y,eaxi then rit, ihe,"ran bpeqtlons.'at D"i6er 31 "Iii3:an'd 198'9',.und.fbr'th6 �-bf� :"' �� 7 t 1 '61 `h- siiWidl aiies i144'as'!f 0,116M.;- A 14) ""t 0 ,ji fts.'ref OW 3 C $ 4 it 2 iffi Acdbun s,' ........... ..........1 rece 1703 000, it A ............ .41,293 000r, vNesuid I!, d" -"J'ArSoper 10 ty;an ''410 efit .407,'00 0.1., �,.,I . '"'- - .'11'�'..:- . T j- Y134 000 19 000 4AA041:000 95;1 iw, . ed f y V -Liabilities,aid Eq f rcounij�yable'.and accrued 2,80,000 $'i 2;190'000 J? Nob payable , ............ ..................... '2,617 POO�:-' - : -2 odd I 1! ihotdue`affiliated coffipanles. . ... 084000i ,504,000 "Isi . (65 ............1.,.;............................. 1000' 1 00 Ing'the. P es.e* §' 8,409'060 61 PrIC&of rch.6 3�' r'4 of $3,45. 0,00 mat rin "d's t' iri o. operations SalesI a es,of compon&hts......................................... $14,936.000 $13,34466 • Ar 9,863,900 ':Cost of sales,of com I.IP r fit'. 1. ..I I 4,12U00 3,481.0 o 0 '00 .................... ....... ....... .................. in thd ffi�avilng,;. 'Ell Other e� .......... ...... ....... •AJI1,000 :j,4,441,000l,'.)- C'blk u 0 e .........f6r, Net i c 'iri (108,S) ........ ....... 1. 12 000,.! (960';'000) s initiate'd, and unb6r'31,-1981 N R'I-;6 04 fflxit�d as a 's i i r`t - ;• r 1 ti'J OtEll e r was -origin" 1- n&ion a�s of'December 3 1-11983 ktd '16�1he �ear' tlien ended follows: illy SegTfiefit: .6n propo.'r.ty t end Rml FAMM'. Rental; ip 1i Comfidutim"d ,on:.est,; — . I '6v6j�alued-, fin a!,cuktbmJ0rs $3 3,7410' '$ '48,6 -,:$ .3,111,000 84,�1'221060, S''`: Ales un ta 0 00 , al 76,001) instituted'le' al t ng p�o $ '120,660 $(2,7871- 5200 o ' ........ .. .1,991,000 - $ ,10, 600) a6 ' N y--seitled`its of, I T-n I rnrT,,".of 3130000 inven.torici txpansns ed in 6ccounts 6,916,000 lticoiIn6 beforo pTqv1sion for oin tv .2'295,0 0 , 'taxes..... . S of.6peratibris TdentiNble a6sets at 1963-s 1011,000 $21,432,000 $195:009,on'. likernber 31 ............ $22,4701000 $151, Corpor,ate assess. ' 2'159,0(JO .................... at, M6 r,3-1 iiibo 1983 $197jI88,600 so `4 A fd A F. • , ,kv ij. 40 " j " q tr, ," k o • "" to I , A J1j lPl. It' ke I AO it a. k1. :J, a ly,all bs oftlie ibovo*Jz'd6trY.:,;30giiaents were to unaffiliked Oastbmeii. Operat- prbfi r iitfil trepmea 6 ta revenue-loss operkii, to$ �fblcll Include expenses dire ly'fblated Jn t :t& I . .ng expen! q o ffid'ifidu t' ' tbd'hidu - oases nctirred..'exp l.. :iffiO j d . C , C' a � i&M e'fits, -- �s 4' 47, 6S0 , 0 the01" , nd",$1j2h8$dO iijoactively. Q iplW ,pkpepd1Wres we're $I2000,,,,,$4871000giid $1 5 2tOOG a i ' ily. ld��tlfableassets by' a ar&rnslegMent '.respect W n- Segibehtselhosq ji; ihit.'era ised. in. t eqmpny s.oportilon� in each t� h ' " e h�r'af ment asslitj ii3OA1CiWjY" aS X., 6nhiactsMth,dor6sti ,idVern' enfajeiicles or MW aPrlmor sy t1appo rnaWy."$141807,000'o salos V) u affflia ec a, , " . nt.' or an rt: .' en' lows:: dad follows'82 ijfid'j, 9 'ye"i ajr 6f DkiiAWr.,S 1 -19 4 r •l Diiiing I ,fOoo 7j721:%OM,t` and: r ii'31 �,346 211120110,00' ." $,(2,11 '000) 30402 000�' 2!183,060 - 53 $ -- Doc"e"m' ' Opdrating-,�jkO bbr 3 333000 Gengal corporA 7,165,0007 ' '�. dead'on Chi expeftse, ..... "` Thi Co on (4"09 POO) FM"ll irnl ificome. PeT A"finti-7 ., m Ide'ntiflab)a aaSqts� apt $139,083,00 9 NOTE 15 �30,745,000 S10'! 9,000' ammber 31., 1 962 .... $19J1371,000 —7 ori 'iitq.aA8 a............... . 1,627,000 C J it 'Un ud at b 6 e 31 .820,000 c m er 1982' iSObstantlallY:HIt QaJes of. h`eabbv e Jnd6ry segniant� Wrre'i` I niffiliate'd customers. Op or at- tod atl! in atal,revenuelesoporaftg expenspjAich 111611id' exp6ndos dirpdtl re � ' a � p p qducts ioAbei�d�stry3egmont'boii6htGd'by die e4(1rsds Incun Grosg'PTO `tie' electrohics, real, estate, and rariW:,aegrri6ritb W.""WJ01000, Depr6c at on 6xpenrj6,IU itybre $254,000 for'electio'116 ,it d PF"OUp S j $ 0Ofo`r`ma estate. ida'�tirlable assc ls my irfk."I iir�' s'bg'Ai r �arel th6sq 6iglotilfi a..t Ci!,eused Itn,the Nqt iii-`on incomUason t6mpsnylsbperatipas Jn,eabli industry segmenti corpor,ato'azsqisire c e prime'o' rox h, r sub-c'o*ntrai6c 6hsi�,6ggregated 8"P' P,with d6ffia'stl q go�eminent agencies on eit or:a f m -aers forl e,e i nna 6 as cembbri 31, 1 -ill n W T6WI We,, 6 A at, �te a y, $8,,3 6" h le6trohic� segmen 6,000 or.'s',-,des to "MIj W cu�tai' t, tel lina i ao a�d.'N� th iah'e dedifollb—&--, �e` ininit o.l. e'yeE,Lr than I P rdftl.niedm dcvmm .'',I 987 Of)O It diiet Sales tditinaffiffited%6ustomers $11 797,000 300,660, lit300,000. "pa Op6rAtIng profit (10s8)... Goo .000) , 1,907,000 . 1"$111131066, $12,643 $ a ,(J00'. ':Not incoi.P inC ffie,C Oxpifise 5 174-000 t In Coihe`606 reversa 1 6 taxes................ ...... $ 0,74,000 Sa l o 0coin Vahle. 1dehtiflablo a4sets tat .41 he �-210,691.000 $155,042,060 $24,859,000 $200,592,000 ' ,i;. �. / ' �Decdl�,ibellr' 31, 1981 'Carpordt6 ............ .,343,000 W 'Total assats ut Whip 31, 1981 .... ........... 93 in $202, 5,000 J; 31 M------- �L ?f jr�.,'�l.-i :r' ' t (, tji � C ' t '' ! , •(: I j if ',.�'. ' ,. ,. o �';,4,�? f t�r;,t r.. . r t r t s . ,t r ra` ;, •t. 14 . .r1 t t. .j r rr _ r .. •s• r. t,.,,i.t. �. '+ " :ir t r 1 .� r ,rt �. •Ir ` 't ,' r � r r, t, r ; '•' ',•r r r � 'r, t ,'::' '�,L���rJ i•IYI, .. 1, r ,!,r , a• '. tY .. .. �'.�'.• ;; �. ,.. 'J�•' :�� , ,.�*tt}r'' +01. , r it t jl/,h"ilM dry r. «• Ir S� •r t;it .;r.i , � } � .t, t, '.:' .• t .. �, , t' ,t,• t ••r 1 :, r :i.. 1�, rr rt�t , /•r ti I i r `j. t .r ,`, t.t. r f t .' td' ,. s �. .1r• -. t. tr fit. ,;,. a• r i. , 'r, •y:':°i f' ativJr � 1se'a pc�rat lfai Substantially 411 sales Of the abovf-, industry segments were to unaffiliated custatr ers. O emf direcitly re�latlsef } F ing profit ropreseffis total revenue less operating expenses �vhlch include expeitses directly related Was $476- 't to thh Ind :segment bentefite.lrL•y the ex�zsrtses incitrtodr. 00, Ta't: rt:ctatiat� ex pnsf3 in tlaa Qlocfran! .s real :cstate and rental. "� 48 000 ,+ 3I,000 t=.r1d P P ,. c r n r, nt 1. segment,:•v,as k 2 , , enti:iabJR its els b $1.52,000 "dnd $594,000, respectively. Capital expenditures :were $38a,0(J0 for electronics and s 1r1''each induct y ; $1,223,000 for real testate. Identiffnale assets by industry seginent are those assets that ttie used ii,': rtrrtert s f oal ' the ConF' 'cu: 's o ry g p P ' P ' 1'a 8 e } p y pe:atic3ns in t'ac11 ittilusL segment; c►ir orate assets tore tlnci .al t cash. Con- 'oil to ahafi3liatrid. tracts with domestic gevernmant agdacies on either a prime or. sub-ccntract basis aggro tad ' approximately $P,,981,000•of sales to umiffiliated customers for the elactrunics segment. follows ; G;aa_ c,lld p� E; NfX>i"f: 14 i .iel ted Ptufiy Tr�nsactl��ta.•3 , During 1983, the Cumpatty sold a single-fnmily honic for $360,000 to John W. Mug's (laughter w r and her liti bt nd, ac6opting as part of tho down payment a condominium unit. Mr. Klug co-signod } �' '�► U2,OOi1f with them and took title jointly in order that tlipy :vou)d qualify fora loan on the home. As of 2AU00 December 31, 12,13, the Company hold:: a irote i.n the amount. of)36,00ty secured by a second trust 7,165101JO ' dend on this homy;, beHring interest at 12010 and due itx 1908. The Company is also committed under a ;pass of Its office spaca whicTt is leased from the Klug $�0'rms'noU) tr rarnily 'frost (ctstablishe d by Jahn W. Klug, Preatdent of the Cnmpavy) fbi approximately.$33,600 �' •`-'- t per annur_i (including tares, insuranca,and maintenanco) through May 1985. 1,627,000 ;'. MUM, IS -- QunerAy Financial Infortnation --- Unaudited t ( U:iaudi!ed quarterly resulirt of oerrttions are as follows: 3 3 3121183 00133 913010 ]:131M ` :istumar,. _ �._ . ._ _ :s directly related ; t Total sales --- real estate, r pIm(lucts and cc trip Rnents ........ $10,740,000 S17,316,000 $21,505,090 r$32,170.000 s :v�is ; SQO,Cr4, :t 1 Gross profit --- regal ce5tnte, ij 1'? 636,000 r 744,000 $ 1,142,000 S 6,209,a00el ctronics abd P np7 ........ t are, used in the Not Income (!os;s) .......................... ' $ (539,0(19) $ (507,(MO) $ (240,000) $ 2,742,000 i cash. Contracts r' Income (loss) per cotnmon sbure $tr.21i1 S(.25) $(.12) S 1.35 regaled nipprox•i- I"' nor;:r Ended_ :3131ia ti13t3rra2 rr'a1)Iy2 1r"131132 _ _ r _. of at iJ' Total sales •--- real estate 1 cute. ':))Ir,ictf _ :'►'�' products and cornponertts ........ S121051,C)OC3 $'15,790,000 $13,769,000 $12,037,000 Grose profit --- real ttctate, p i Fr 1,11 ':f,000 ) ► , .,r OOU) redacts .►n:l cum tattc,tits ........ L (90,UQU ,c, 2.3G,OOti �', I.)sra, Net incotnE3 (leer) ... ...................... 5;s,0U0 $ (658,000) $ (260,000) (1,625,000) 3t32'0(1:1 '' WcOmp (loci,) pv; vonirnon share. $.02 $(.31) S(.13) 4)(.77) I 5,174-,000 !'�• r In thu fourth quarter of 1983, cost of reel astate sold wat3 reduced $1,316,000 to' reflect the $'.. �774,1100 'i t•eversal of previously provided alicr:vr:ucas for reduction of real estate projects try net rettliznble value. $yrOr),3tt2,pt7t3 The first thrcv quarters of 1982 hav:a been restated to conform to the fourth quarters presentation. " ''''' While the aforementioned inCarmatiott is unaudited, management is of the or.infort that such 'information contain' s.all adjustments necessary for a fair'pre.,entation. $202,935, 32 (' . . -i*•�:.`` ,,^ '� • `_}�. rc:' r ,t .>?�.`r �t .'ti7.!t,�Ya ij,tt ;; ' 1 '•''i',.'•.:," ';'t; ,;ti ,.•.1i_ ., !. 11t..,t.i•r. i •:`ate ij•.`r.tl'. ' tl,`{�!'• t: try . .,�.,_' - !'r.. ,•. •.,;' , ', t - ... .. -,...,..a ate::1.L:7�.IL.alrwi— r .• ..v+r+ 777 t'.1 .• ' r •�'.,� :i 1•i;t 1, 11i rl' r t ,. r r i - ,��i:C'Z, `AMERICAN PACESE"2T€R-AND SUBSPIIFA.RI ES i ' ► � e �►It' Registrar and 'hilansfer Agent �If► Henry Schroder Bank & Trust, Company Jczlin W. I<lug*t One State Street 1 Chairrnait af.Iloard of iDirectnrs, American Pacesetter Net/�t York, New fork 10015 President and Chief Executive Officer, American Rcesetter Pirsident, Pacesetter Plaines, Inc, Auditors Kenneth Leventhal & Company ;. Richard.F. �IoUand*. t 6r0 rdewpor� Center Drive ', Mice Fr.-ridunt, American Pacesetter tj Prrsia'anf American Electronics, Inc. Newport Briach, California 92660 z1, , Corporate Offices < Vire Piesident,'Arivrican Pacesetter 45-1.0 Campus Drive "':t•'. : `,J`I Exacnth-e Vicra President,—Genmal Nlniiager, Nellit'port Beach, California 92660 _ . Pacesetter homes. Inc. i Sub3id'iavies John R. F'olc=n> C.P.A. PACESETTER HOMES, INC. Secrela and Chic .financial Officer, American Paraseiter cla� i - Senior Vice Prevident and Chief Financial Officer -- WOODLE.AF MORTGAGE CO. I'ocete4ter homes, Inc,. PACESETTER REALTY, INC. ` PACESETTER ESCROW COMPANY, INC. ". Donald V�! Killian, )rr*t.* Ausistant Secretary; American Pacesetter 4540 Campus Drive (Attorney of Lair Newport Beach, California 92660 � AMI RICAN ELECTRONICS, INC. Swaiiert $ Henry�' on* 1600 East Valencia Drive President. Henry K. Sivenertan, Inc. (!.fanagament d cansaitini;) Fullerton,.California 92634 PACESETTER ELECTRONICS, INC. . :. David E. Alexander'* 3139 West Warner Avenue x Rl;u! Eetato Investor Santa. Ana, C:aEift.,.nia 92704 I Uirecinr, American PaceMtter t Finance Commitle•� Member # Audit Commitlea Member !� Tbo Conipany's Common Stock is listed and traded t� on the Pacific Stock Exchange (Symbol AECP). � r�r�..aarrrr..�•- --_ —_•- __— - �_�_ .__—___ __ _. _ - _�____... .,...... .._ ..• ... _., .. � ._ _._A•t�fi_�.iS Y:'3^u.,a�.r. 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I• T. ,i, . �1 AA' '2Y� I 1 .W .,6111FT ♦ , '� }or h,irther In •, t 1'mia;can,ccn act: * I•, nner A594 Mt+tArt±tur Newest koih•th 9066C1 ,.. �ii• '. - 3,;, J}1t'tfvt.MrtLtftlYl t1fiU1Md t1Cst10+iff�aYn IIMiu2rJ(mm ti•urls'.Mr dlrm n•6+td� ri�s,lrma,tpf►.q'\11.�•.•Ilm••rf.3.rt.1.'.', t ••1 . •.,1 r.,., ' • :i,.,."',fit �' •�,. ��. ,q• �� te me d qu �` , J5 '(0 UA' RE MET fti 3 a ,r >! 1 i X rl:qq �1 •t 1 'T � r •, •l'tr.' � • F r (�'�4: Itlt.•r'rlf7 j j t ,PY�il�t''t�, �r i�s 1 �: PQ t ,. .�j`� {1(' t '•iY� ' F1 !fr T�i�,. t J _' r! f�l.. ., ,. , t 1 } '• t ,r . 7. +`Y � e .-.1 � iff�• .11....'��,rr.+�,.��.nl�:.• 1�1�+ � ,: , '� u` � I`,a;Sik;,te� ;t,.' �•--.__—_ --{n.Q'•t�' t �Jr,t; Ut � �i�.tir►,rfrlr;,.�• `-t t .Y �f�X�" i..••tt }� ',,'.•t � t !M •# /r v6 .w`a..'��:*'~�'>+T L'�,�.�,� �.. .iM .'r}„Y._ `, . ik-' '?*•�•� ! �• J �'• I y� � �*Y�+��Y,�M��r71S t7S•�r,:r1i ,`n '.,,r.��•.`ir,l �e.�i 1�YJ1� y:I�f... .,.,si►•L.w.'Y+zit Sf�;ix' .0 4r,;a t�, r..+,t�r.� +.K•i7��r y t,.,�r /� r.dlO....Iir.rrf.. r.L •la. .yj.•.w'Ys'./.cJ� ...... ,.i 1 i ....'i":_ Y i ,"�;, ,M U'Ti T iQ 70.911 souarw toot fuait r ( iew) Locate) on 4 acres F 73,15 Cr nqei oPd AWOue 55.11,61 square fu�t first tlo .i, ,�,; • IrvltyF� !r�`�i�s�ri�i Garrtp;��,' , q or Gard..t`Grove ' �;,i;' a 20,850 square ftMt second Nmr �, ,• 40 Parking 4:1 L'00 spa;'�s m 2 ground IE'vetl I'�ading 22' clearance Fully, fire sprinkleretl `t1% t i ; . m Nym,r 217I480 up to 20GU amps V ,Generous tertant +rrprt�rE�r»+�i rill(7;�arCr; ',7'� '�' 1" � IwMwtr Y •1t, t , -` , 3`90QD r6AAN80N' pa Bon 4.110 BOB, CMRISMAN � t .,f'`� 'K ` "t ,`'••'•t l����� � '. �� . ?.t3U2 � ..:33', '� ;rr,ictt,• gym,CA s (7S ; 667-9393 � a37E �� •r .'.1. Ltd •1!'.3 •� .r 1r•, "' +�M 1►t*b , Wnd h t1t the owrw of tIM JrDperty or hon,,other sources that we QE'em relbb e. 'rt'e hi,vs no (elsoit to iLit ..�.'ia�.,ra�r��•a1�' -- -•ss.�a'stt�a¢_.__r .z.... .. ,,.. , .. .,, - - -- -'-- f:... -3 Mll.. ,e'y ,: +� r :>fl'.iid.' •!; C. . . .t •, ..), i�;..�y, :l '.r.rlhl, ,' ,!t'' ,l; i,f`i'. •1��•'�,. ,•il �.. `.:l •r`' 1 •!OAP.OAP. I�ti'c�`� :YS'.'rr rr. SI' r. t`, t + ! 1 JJ' 1' , '1' It w t• ril"' . • I '•Ii j•tr� r ^1',P.;`+t:. .{��•#• ,fy• r .�' •,` V.. � :i7: •i• •'r !+ ,,. •!� `1 .,�• .�•'. �� •�# '�. t',' S .��'. Alt• ). :tl• •I •! ;;'ii r .Z-f ):•• Iftt t. •i, Ct 7 .:' 1!4 •t. 1', ,14^1``15�- 1s ./#�' >;' ''1, rf y, "r� ,+ '��# 1'': 7 ? - ,,.. ,� ''i•. 't; �,1.• 'i 7.' •{,T. , �;r,5 •7, •jt'�•�, ,I+ ,j. �t� I,`„�i .r,l i� 7 ',Ji}I l!' 'i / .. r• :i ,'fig .y '� 'I:.,l'• i. { .,} r fi r..5 '•i �; , '' � 'A�'«:�',; i 1 ,1� tt� ems• ,i'• ( i ' f"r•{' ',Ij �..:h j;;:d f(. y4 4 l ,t.,' �' :t t ,t .' + A' Y.%+ b,r �r< ;P -fC rt 'r• ',`sl•�r:S(', �' '`is J!,' ��.t .,�-�Jr .jl#�,.I 11; 'I •l ,if f• - S Y. 17 le• �� Sf . ' ' 1 r_ �SSr' ' # Y •>♦!f! I,`t + rrl, ,• r '! )'l 41 t i":�. '!f. .�j.. •.I ,' 1:. .1 j~d�,1••'''�.1., ,J" i [4- ,{f[ y w r'�e r r j .` ( '! r, i. i�r'q� •)' rr;r '' i. t / :I�• i�f,` ,t,. +, r' , .t�n � l•t.�l u,li r, 1 yry � ',,`i.11 , •.' + .. i'1 i' tl •,�. 1 ,f .I I. r• Y`+ 'y4 ,•' c i rlis �w, r�, + .�. , .w'.. , + , j 1 7 �� 1'C.l� 11 r': r 1 � I I � I, 1 ', I� !� 1 �:, •i is `'S�. � �`I� f •. ,#' .� *i. (.,r.,/ .'1 's'Y1,�d'ti •I •:r.t t}' •r :f.. �y { •'l r 1 1 •I' '1 I #•� J, '•{1 .r • .4 A _ 1) I, l J,-I E,1f �hlia}t':;� ' Yr' ''+•11• .11 'I'r:) :{' •� r it 'r' _ I}: I,' , ., •r r.. yl r! '�" ,�1A q, ��+�. .t ,�ir�' 1:�� .�l', t't S.�Y i� I t ,ri, I�1F.vt, f.t „ I' �I r• , 1 I ;t ''r� 'r'. �' �.r idr,. j r.jy•�.'.�4'r•' ,1',} 'fi"1.,1 ., {,�.�J.' :i�`;�)I i' 17 t. 'r,f \ 2 I l 'r'tl• ,lr V.• �t f t :I��.•e , 1. �•�,.k�r({`•r7) i'•'+j'�'+JF)1(�ti ��!"„I •i.,t.. 1 / 'j •t. i + 1. l., ,. I y r {t,r .r{1 1 ' t .�iY ri rr K,,.r. +, +;•Mt�'..1`'J�t%I!•I„lk .j ;,t•J�S e'?C.h,! (ill,, �, .{,.. , f ,,• .r•' ) '1 , . 'hlti ,} .t'r;,4 ,•I•y`Il.if ,� l,.w'.,1a.aJl;..r:r..��3..1J.« :�.. ..,...a(�w.Y.... ;.>,...� 4i.. .,..,,..............a.,!:,.t. .,.#...:JL'..:..:i� ..... ._ .c�.:r":ii{...ir_.. ..i:;r:._.(vr:. ..:��... . .....,. .�t''...,.:r. ..r:. .._.... ..,.. .rlL.'14.�7. ••{�;r. '1{.7• ,• , '�� /.nrar •w/wrw/r wrr�rrw..ow>•ewrwwr rs ClUPMn NSICId 1 '! Lamgsm • ��' � ���' �'� i r i 1 1, 4 �YtidiL R1R .. , l.{ '•i(� �' � ,: _ i y ' ,. ./NHL' m �ww�aawr� I "1 •�1D s«Is�.rw 1 � .1,� I 14 t.,.wnw./ r./ ��•��, Sits: �7S w„NN► •' Tl 23 CrvN, wrl+e . � - � uaa�..rw�. .r.w.rrr.r• } ' 4 ' aeio n ao , :.1. ..� w� •IFS,�www. !'./.r...M..Iw..a.....:p...w�:�.,..rt.....1\..n...:.....a. ww..�.. .�,..w.... _.r.._....,,,..n...��., h i�eHr'presi (ous facility is lt`.C.ADd I6 tho!20C►: he area attracts.<killod and semi-skilled employees t, r lr'vri'te Industrial Cor��p(ex-f. rdon Grcri/e, Timm.�a'population bi3se �rhich ax '' 6ds'500,000 101ch I����r�tlI srtuat6d bigi wr;n.l`,os Angeles and people within a 5 mile radiue. An abundance of rental t nQB ter n` ss in,ttre`ma�n5tream nf:the high-tent:! and affordable housing surrounds the:>�rea and only 'cbrridor,•The Los Angeles Intematiorial Aftpurt minutes away are the communities of Ne�'lport Beach, f ; . r I.ar>� Ohl Airport;,and" ' 'John lh',yne-64;ige county Huntington'Harbaur and Palos Verdes which provides Airport are !I nriEhinitd rrriles,af,the facilitY.Tn6 f may quality executive housing:: fllE�hMll. d slirrr urid rig the area includes the Gorden Grove NelqhboNng' corporate timis include Rockwell,' Perkin ,,, , F►, Ow San O o 4Q5 �ret the Sp, . . �,,{ 1i �� Fl�nai•, Cipher Data, Apple womputers, McDonnell • Cabr i (605) Freely, lire Santa Ana (5) Freeway a��d Douglas, Yamaha International, Panasonic Technics, Art+ (91) Fi y: Mitsubishi aild Tra�;onal Laboratories to name a few. ' .. r i ' M. A 'l PEAS FLEXIBiLin' 2%000-431238-561000 SQV:;Fl. i' HIT TEC:Hi�OLOOY R&D-CORPORATE HEADQUARTERS FAdLITY 'I �; �� j.,��� fit:F•.',�e-� ,(��.:,�:-,� �!t r��iy'�`��'.�r.''�tj':f`•(�'.,'���;�ii5�(�.'+a lo1 µ" ,11r eta dlli� ��' •r�Ik:��liw�:}j'i::;„r'... �.c�y4 (�1.�`11irM..•a..liJ.f..tµe3 r''14�3�, !.A i 1. :1 tot '`tiJ t,' RE F Hr L L CORP OWATE PLM�-L1�r 15501.15511 RED HILL AVEI10E,;TUSTIN "MOST AGGRESSIVE DEAL MAKERS IN THE IRVINE COMPLEX" CAN OFFER ,PHASED-IN GROWTH OVER TIME TO FULL BUILDING AREA (CONSIDER 20,t*J� SQ. FT, USER WITH EXPANSION REQUIREMENT) • POTENTIAL EXPANSION)O 56,000 SQ. FT WITH 3:1000 PARKING • REDUCED INITIAL LEAsr- RATE • FREE RENT FLEXIBLE SALE TERMS • LEASE EQUI iY The owners of tliis fine'new fbcility ore serious about`offering maximum flexibility to a lessee or Purchaser. The combination of excellent building quality, prestigicius location and''I rms tailored to a Lessee/Purchaser's specifications m66 fnis facility the finest value in the Irvine Complex toddy. f , For uJditional information,contact: JOHN,NOTHWELL BILL 6►4RRe"IT NICK HANNON WN _ AN j (7I4)752• gZl 4590!MacArthur Blvd.,Suite 100 Newy6rt aemh, California 12660 +t _ . •y ' 1 a\U.y tYf t ) !AGE I IH R a, 5 Sc' ll. 1•T �t�l�• +�'' }ate" ► k F3' L��:. .•tom..it4•y�:�Via+ �r�',I;"�� eA p4 o " t�i y>r:'t ::..-•_: y'fi��; o --w ' .Li,.;;,��.:;,tyt �Di.'s`"•�;'7.. '/~'r1. •�i„•'4,.�ly� Ali A. -46 } * M�,' .. .`L,4''•-ice.-.�*!t,•�—.•'`•+,•,r�/w�•''�Si�1 t•�-,r.i�<.,S 1 , ?r r " ,. ,�+�w��'.`:� '�. 1:(y� ti"r•A•1'S�?1tJ�.�'.`�`•�.df•�.�'. -... ,N'". � � M lift�:'., r:'. �{ •�•':..��`t. � a f " 9 "d��`TI"' �y,�•�,.�"+/5,,;,Fe.•...`••,�.1.b�'••`r•"C..f:fi.'vr`"♦....r, "Yif p�,1 'r' If' / `\ ' _...._...__ rr•.•a•.�� I ._______—_ f I `t`y r • "— �� r I I � � � I I I Ll..l�i' L. ' �I_ '--- .a K � ''' �'iti`:��/ / �`'.., •r I__ - ; • 4:1 PARKING 1000.2000 AMPS, 277/480V POWER -� • 100% AIR CONDITIONED/DROPPED CEILING CAPACITY ��� • GENEROUS TENANT IMPROVEMENT ALLOWANCE �- -. 71 'i- I ,� ;6 ', -�' ' � • FULLY SPRINKLERED ' ! • GROUND LEVEL LOADING _._.----'_-_- __---'-•--------- ___... . __..� _ .�. f -' • ;WO STORY ENTRIES N A L P E 7 r` • DIVISIBLE is 1 L� 22' CLEARANCE • MAJOR STREET FRONTAGE nn r'ar�,Kon AF♦l.'R�ertr ta7 t'rt•+N_tt—:a t'o�►auf w dtt•+rNit•t M'Y n hM ra vso-to Q:%,x•r rwoo `it at-wi g.rrtee 4 '1 :°T.J ' ' + '. J,i.R � -k, h f 1 4.R r" R ''h�.. r,'� J�' r a.�� 1 •�y " ! t'. ' �~'� tF �t y '� •,{ r{� 1 •,t tA" ;',�('A.+�I�i;� i'� '� WIT,TT" •i1 tZ �r- '' a �.ti ( , 'ry Tr .:•X J •'�1} j'. f, I •;ft ,) , .! 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'* fx�� '�� # � C ,Pr {t?l�Js. �St ,+ � '. ,"�r � r '� � r +r+ ��' 't:rrir , t i; } / � yH•f tiw �a.>.� ;,� .w, ` ` y Ar. 1 ry A. � ,�.: ,� J}Sp. 1 '1L'y,� �'j"rvl.i� 77A''�, h � Rt,f},M1r9 ``•k�ftx f .r44, '*•` A t, •v �� � T •f� , r� ��. y *mil , •,, t, r ,,5 1� rY t, �I t , (J t r ly , � 1 ' t , t 'L! r�'t� ','.� t �{ � f t;:�.�y .,,�+�'• y ';'��� tii� •,t��s' " ,�•-� r ;,t r� rr -�4�.. 1-� r y 1.•• L ,t� { '�', 1 4• •� . N r, + 4 1 14 , ,yI v+' i r.. �. ' � �,F. Ja ?.r. a `. •r1 Af fF �• {, �� 1, r + R ' t �I '.( �r t .• J� �:. r4 , + �� , J Tf 'fir �4 ,�' + r +• '. 4 _ t � +4, iti r}' ,� S�'a 'F r 7� } ,y t aw v t { �T7}r, j�'+., ti t 'i � ice. •s� F { ;-, � f•r , tt.,l r �.. :. , �•. � J � , � ;, s A A� _, � +_ +,, ♦ , Y '.,#, }tl -I-{,�y ��r r,, y, } s # ,,r; Z � P� tr •� ,iy� .•'k� + - y '++� lA 4r�, ,.� t1 '+,{ f r• - �' ,sf, r • +� 1, ' ., ' S� j _ � t +• � t•t ur.;*'4�1 �!►R<l'�S �.tv•�.:trAdS ,4V �y *�r .. f� � .f t.r `'■ r 1, 1 r ' 'V '1I�' a f _ , w1 1 Y ' .. _.'" !� ,fir.,,• �,'.� % ftw y ! a #+ IONr iM"y�qt T " I f i• •!. iti i ;"tl;� V�iSE�ty.i%•,tr• „I»�' N'S :r.i-•' .� ...'. .'.;"r' .; ', . .r' CarnE`eie Centre is'a Occupancy regpire-. capability for state-of- Large bay spacing }? step fonvard for any ments from portions of the-art voice and data provides for any combi- corporate office location buildings up to the communication, nation of executive and or high tech business entire project campus elevator service and general office areas as } I t wit F h R&D requirements. can be accommodated. heavy second I{ve ,yell as eng{neer,ng and !+ In creating an environ- Space planning flexibil- load capacities for other technical applica- ment conducive to icy,expansion potential, coy-nputer rooms or tions. Heavy electrical creativity and productiv- proximity to essential other specialized service and rear loading ity,Carnegie Centre support services and operations have been access for equipment, encompasses such prestige location and inclue!ed. material or product refiriPddesign elements identity!�uicklydefine handling are provided. 'I as major building Carnegie'Ceiitre as the All buildings feature '! ` entrance plazas lush ideal location for the dramatic ewo-story, Located in the nationally landscaping,patio disc►irninating c' orpo skylighted lobbies slang prominent(Nine seating areas,textured rate user. with secondary entrap- Business Complex, the i paving and distinctive' gest master-planned ve ces far employee or lar ` . project and individual Carnegie Centre offers :service/will-call uses. business centter in the building signage the optimum'combina- United States, Carnegie i Centre is situated in one lion of prestige location, i A substantial tenant distinctive architecture, of the country's largest improvement allowance attractive business concentrations of is provided to allow environment and advanced technology customized facility building function,'.Such. industries, Proximity to layouff,drgretatest diverse projekt ele- all ranges of labor,and : operating efficiency. ments and "intelligent housing opportunities, building" features as; as well as excellent ; r computercontr6lled • restaurants, fine hotels energy management and a significant variety ,. systems,electrical of business support I• i design and system services are further ... tl �. reasons why Carnegie Centre is the premium `` corporate address. ' A t ' '{ 'rj` , t r'i rid / , t , ' ." ,, • { • f� { Ali,` t t t � r: '', � 't,•'• ,a , ;• , •"ti' i t �tt,,. , . 1"` .t ,.3 r;r � � 'I .. ,�.�•}1, 1 , ', tr' ,. t. ! � , ! I . 11 LOW fir Ff j1,1' •.i ,� � ' � ' r tl .. i . , r t - r 'i rt,, ',.••Y �At4. , 7 {''� L, 1 �,'1 1{r,, .t t. •1 r ! 1 , t� , '�'S,i , , j,. �. '!! \1 fir , 7. r 't r' t � j.. 1• + ' �• '' 1 1 t/, Ir'', ., ,f• ,. C� f. . fir' ..� ... �i ;t' ,jf�l' ^��l E 1'ICt':7 ;r'' 'tt f°t,r�tr f'./',••r� t ,r r. .��41�1 try (/! r.' .t.�fr/ Lr ,Isar '/ t rf. 1 e. il��tt^L', ,1' Y 7 .:/: { .. � „ r ' 7 �f«��. f� VI' ';•.v�•r••, 'i.17 ( ,.r i t :" . •��•rl ..,., t.�l� ''�'ti:,i�l:.t' �'.:t, . , ,., :',1 r,; "'I , r ;f: -�' ,. ..,, e + "'t t.,� . I lt;f4�1 ;� ! •,..i4.r /.t.,r.. ....,..ru'""rw...�aiaHr.a.a'+w'..a.u+rwu...J.�w.uw.L.w�,W.{•t.Wk.M.1w1✓.t.r�.,.h.M+i�...aY4.L.rir+..h+,.J.ai.a+/,liI.+:.:N,..Ly✓,.i,.,r..a.,l..—J.Iw..w�N.r.w....:.,.7:...1:_......,L.,.-...".�.'....—'.•r:L.,sisi..e.».+..7..,....,t...�i j till l fry,l�y, ;' r~x '.Carnegie Cenrro enjoys In a•word,Carnegie t'f ;s<<• .t, a high-visibility location Centre offers the ideal ►> r.! ► on Red Hill Avemae,one environment.. I,,s a - ` Of the pia'jortraf is, total p,7ckage ofdesigr, , -- f arteries within the Irvine technology and '� �'!1' ;•t,>;':,i Business Complex.The neighborhood that site affords easy access makes hone of Sciuth- to the San Diego(405), ern CaWohlWs , r`l6tport/CostaMes6 fol•ernostcorporate and Sarita Ana(5) locations. ,��s Freeways.Orange . f il{''`t Cobnty'sJohn Wayne ' r 7t 1 •,.(.'��t. 'hi .. 7x•. .e•.. .t f f7"��',. ,o ,j,`t,.'!l,�s' j:� t,3 11.�y' i... t., Airport is minutes away. Containing approm- err N Y� square feet of technoi r.. . �. ~,rt. ogy-Oifentedfactlties i ?.;'r`s�; . 1rrl alone, the Irvine Busi- t j tr t nesS Complex is h4 ne r:,�r '��--• to over:300 firms ` �'t;,�?;•I��' 'inclurlin'bAmerican rfa pitaI SUPPIy, C000i rVision Pfizer, ' Tashl i�tAmen ' <; ''•ry t` McDorhell Douglas CompUterCa,rp,.'&_PA, , X&6x;briny Md many iftE c I Y , L`>O..a3t:-•'._.tea. - -•L..l_..r u,v.��,. .-: .,_ .. _. _ , .. `t-. � ..{ `.:L'.�.�'_.77.:..ai:,.4. J�.r 1.�nr� .�rrYiYfa.rww.•a.Nl.•Ywa.MM+•w.. w ti. PM� ' Z c z ). Y . I •„• 'Iti'y,l',��', I�iJt r J tj .«lYnM7 tT p7 -.r�� �� � V,�t: ..Js,....:_:;".:i-. . �•. ... .a r /1'''"; ,, cor f t CARNFCIECENTRE FOR LEASE Divisible 2500 S. R2d Hill Ave. I!' Santa Ana,California 40, 596 Square feet Irvine Business Complex FEATURES: �qua�JI • Substantial tenant improvement allowance Fit 100%Air conditioned , • Lobby Elevator • Space-Frame covered patio SITE....y • 4: 1 parking ratio • 100 lb/square foot live load capacity on -=`�hU� R31f'�'1C� ;° second floor San @fepo(105)Fury. _ y • Dramatic skylights' d, two-story lobby 0 rcou,wI, A1Rf'ORT • 10 foot dr6pped ceiling height throughout • 2000 amps, 277/480 volt, 3 phase electrical Service Computerized energy management system • Voice/data communications system Customized facility layout for greatest operating efficiency i , r. t'�.f"trtt.;t• r '�r�j rI ' (r' 'i t , 'S� _, r '+ t• l t ,'•' � ` ,.ff,� � 1 .. . ! „t, ^:,, ',`., '..:�, •a'.1 71 t. .r t, `lj^ , ' :r t' ' a'• ', ., t . t'r fit'.YJ f1 • •1 -! , . 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V" �r s�},�* tt,�•+,ftlt t1'It�`.• i' ' r� �.:ii ''.,,: 15'}�'� .it .�'l '+r: G'S'�yty..�+'k��•�.'�,..,y,,�,,,.,,,,��flltl •,:..''t'Y':r�1-r1 17�',•�inw�i�"'.:f: �,:Yr•'•f f, •! t ,�`nt III III�J11f1 r' ; • 'It ''04" I! r. :� Y�C'+•t-f` ir�','�" i` , '•1, "t.. l�i�t" ,;, ,1•t:, , " ," ,i.'.r, i ii�tyYtr tar fIT sil— tt ; ; i 211 t25311 t 2500 1 c 1 • f, , 71wr N 0 ` ,1, '`''+(Srr.l�X 'r �,1't.:j„�•.�'•r 1 r �' 'r J. ., ,jr�a ,; r• 2$20 1 itrt '� 2 jjfj�l-I r ` t� .I,I. .t r, t r•.t �Y,,I %},` (f. n if, •,, 2510 iT�— � i� � t. "I .,, r 0 fr,y- {ttt.�t'I�''+°�ii r,� t 'i { r 1 ,Yt?7 i.•l„ � ,! ,, � '-�� 1 1 1 , , i e,t,[ciji+r±ir rl�fr(r ',� r_ ;Y �(•'ft; I�'�f�! •I r S ` ,. ,!• r tL• illlllill'11j111 Cl`IIII111111111l1li11ll 1fa.l:i '',a{ I ,.• i.r ' s _� ( � , +_..._.�,......` . . 1L1 litllit,lu(Itl Illi�itnjU �,+% �4 E{•l ) i;.ti, r1 � t ',.. n; 4'• ''ef� ,',t ,i•I i 't, •,u,l.' "'. ':,+ Yt` ,i: `�.; i• :i .�•t.�r` t ' ..t•,, ',f.(,•7 1,??t.^.+a ', _, i 1 �. It }tl'� :��:"• ,,.t; i �`',•Y;'�IT1prB g .{'6}1VerilE1'1taCceSs - ( , ;• ;entrance plaza j;:r�l Co,Grane C.ountji,s. . �; .loon N1�d q'r M :> gush ar�dsc.apl . , ,yne port i �,`: t sig'.t 6nd'e�xten'sive.area ,1 .„t:' ,!.;.Wlth patib.seating pr ,businesssup ors. services 1. IStlll'' g'' Centrally located in j an 'project sign6ge, �' r one of thet ions (. a'rla i `< —•-.z. ,:. t ili tt visibility` largest coriceritra- lr�oeat:on on*Rt d Hill- tions'or��dvanced, 1: :t 1 technology ir:dus- ' i�lasrel•planned,t : tries,Carnegie b�iildin ` Cen tre's Corporate g f f�eighkia include" `! f projec;t affords Oil site.ekpansiorr A.imeiican Hospit l I pbieb ia� r , `5upply,AFrox, FIRST' '.; .. ' CooperVision, �i I I ;, ouS lIViri a FLOOR °i•e5i ,i ,Pfizer, l'oshiba �usincss`eip: ,.,' America,'ivlcDon- ple� Tile largest 'Hell nougla:- r�iaster-pianc�ed t c6rnpul er Corp.,orbal business , 3�-M Sony end park in the nation riariy'oCftPrs. . i��'oXln�ltV,to San r wsa,5S1;�and, Santa An ,11 f*roeway!;' For ad •, '; t „ d;iiw.32 irtcrma;i,+n,contaCr:BILL t 'N P'JV . AN G l�l� 7"i' 4;i �)MCt:=f2htit1l?ttlilrv�rtl DOUG KEIGH , r�L4,'�,orce<<tth,r.� 7Gco (714) 52-801 1 P S mt;,tulcurtay rl�nercY+t.S,tre+ettt nditwt%4 rce%mooreml0%:t,tc Thrmtoi , SECOND W;,dt±l\�2 hzrensrcivintr,'�Uubt KsiccltU6V/,v.cdo ryat gut.ranteeit. FLOOR ' is ,. r ''F '�'-!,+. �` t$r�1`��y>��'.1 �'�1' 1 tt{' M,��s, +'It� �, ,'�`� � 1•�� ��ri�' � ''b'1 1. .'` a+',Y�� 'y.il��r.l 1y,1�'1+. �, ,.. .y„! ;,� :,�. .�,i! 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'l, ,r,r I1•�L-.t tf; ` }' , 'i ••:f' ',' ' I' t: ,r "` :`" It. ., , } "s,, ,t. •!1, '} • } ., � v .'� ': q��?at:••,r,t,L.t;:. 3l71!r.:t.:us: �•2E'.r .iz:rKr a':"ir»t}+ r?ds•r.r•r��_..<.r„ ,'�), .. i ,t ,r r�r •;f ''r ff t ,+r•.f r%;Hlry+,t iM r`r t,,,,,,,,�,.,p.yV,Viri,(t•••. + _ ' �7 t }jt .,,: r.,n'; <� ,I:1. i'(tl t Ali s F• .' ,. .j}yy.�� �lt•,Ytte O �l'l :It'd. iaar.,tl �J t•` ,1_ !li T:ft +7 r :,1�,.(!., •�1�,�f•:1rtr'Y�R.AIi R�cRVG tlt.'�t fli t.:i'': "!`.�.'p, t: -•- +` 'i ', �.Ir 4{f�f ,ct3�( {(e`'� ti r r'w�+i'Ji'r�+r� . ( •.+.��r; I 's {5 ! 7 1 .�y.yr��#tip}i,yyr� � =l(Lr�,ti, }, it. :t, '' .i. -� ,' Ir. V{.:!' ,fV.i' •.)} .l�T; .i - "i: y .lit � YtY•�..{ 'N , 1 , 3i,at �1 fir!`'�' ,v'. Yx r yu"t�."•''•{�,"„ �,y�S,RYi�.t�I � 'IiT' lMtll ,,.. �' ' �• �, !}� �[ ;,fit ,>,..�;; ,y ,, , ! If1' , 131• I• ' ,,f'•riT,4�9 i •1. 't tUJI 1 :.l y'; 2K t 2520 f x t t r a '• t '1. .f S�,aF'iC;,'�)���;(':�`�.y•«�i.Vl} ,''t,•C'ir'',' `r 't • .' Li�.i�Jil�,66t) L- 1 =-t1;J(: ;r w.. 12540 At' 2S10 J i r w"i;a1t'.t ,+ .ef1 4' llytlt •{�'' y i, r , '' "L "t� �.yy;;�y�r t �}L°r f, � �'',,r t rtt J,� � �, f�� },•!M TTI(i1TTTf � c,..' ,r• , F�~�C(CI .#(., y tt� t ,i�; Sr' t Y` 74 c 1 , ,..• tt •, t .t • Iir{� S t,#`ir t �r'� ` `+! :r` �'+� •e tt' i ns+ �j],jJjljlllllllllllll1111llllllfil •1 1 y.. .. 1. i. tJ 1 i t •1 t,.,tt,, 1p}. .,t� ,,, �, 't.�t na ::,, , ; rlt, i ,'i _ '�• ' 'tl%:t: S,� •�1 rtr t ,i"} ry r� 'r i' r t��,� i y �1 �I.,t t r � �t'1.!'} t 1' ! '� e '_ ._, , , `'�,\r('c l'it,t;.•t"`�.:�i:�,' Ee�•, ; .l:•!•x. .,..', r, ,, �. .t �I��iCnient,aCCeSS.' entflr rc6 PIZ!' ,tn,Or6oge Bounty's IJ hd Wayhb Airport �,t�� .",,€`� ', t ,,," �.:Ll.ari larraiscapinb � • �+ . > ' . :v+,�f tii wtio si?atin °alid extens,ive.area E p, "business support S@YVICes Ir 'DistinctiVe b61Idin , e Centrally Located in ,t t�:. '• .` '. :and proJect sit nage r.'.l`{ li one of the natioris Hi h vislbiii - t ;� ._. � fir est concentra �. lacat(vn on.Red Mil d6jiia 4f advanced : ' I 1 avenue tec din' indas- 'ry._• , Si&pian'he t ' ` triE:'s,Garr�egie + Ilding Centre's CUrporate ` f hlei�hbors include L.,prOjed aff6r,ds�ol l ;' Airterican.Hospital Site t.xpawAon { . • t t' } taoicntial t` SUpply;.'Xei-ox, FIRST }� t Coo erVision. 'p FLOCK I�r6tigiou�IP�rilie ;Piizer,Toshiba !ia Com- America, McDon- �`.: lamest �.. null Douglas, }' 'Aiastiw�planried C, ter t✓orp �.- -----�.w.. r _. I 1 ;Urbc n f�usinf s. 3_i�:S'or�y and � ,'.. pork.in the COtioi7 many b�hers. ' f , r t p pr4ximi;y to San + I f o " Diego(�t05;; 1 For a:�lltiansl hiformation,rcntact: n ` ,f� HIN, fZ THWELL tl , I► BILE:GARRETT DOUG KEIGH 1' r ', ' .• t �rcl,�nck�+. ,U��s�t� {� I �J 1,��-�aq Y,1 jTh`ean' thi-I000 1N2(;;nhtSt'rcnWainrQRolnSWe�iwo.dtr,nreftat.l, FLOOSECOR 1i i!tNa Kr,'e N a a:.Y1 M Aiutrl IIt or.tvrwy.w_da nat�tir;.I:te h. 1 t .Y fi� '1 t Ir•• (. y�A .r .y ,r tt ;�..,� ,...1, ,. .t yT y�r1,;�l�E 4���t'yK-i. '� � }'r `1I}}�.' •i ylxt '�, ��r'9`' tl' r'' V +tTLL'�, �N :� 1 t, I+' ,lr�'y�L"t�rt i i�F, 3311 � y�`�!�.�• ?�,�d'7 �w J 1 d , � 7 r , , } ' t �}'r'�} hi , 1�4�i , (.;'•�� 1• .� 4' � Et;. 1= �{r� t ��.c, , r' '� if' y' K ,r,. } :i ,,1�� E.1 17� w '4' t. ►� �1 '�,; t1 ;� •., �, �..},��,1. '{J c• tA� . _ `r.._. _ .. • , t r i:1.J'� ' . �!, '�•; no 4• 1 r C'ARNEGIE CEN?RE: FOR LEASE Divisible 25i0120S. Red Hill Ave. ,� , Feet (rants Ana,California ;`. .Square in e Business Complex ' FEATURES: arts Any j •,' Substantial tenant improvement allowan-e FKr. •' 100%Air conditione'ci Elevator , . 6 Exteriorprivate ptio rL} a SITE•.�.b. • 4: 1 parldng ratio • 100 lb/ ' ar foot live loci capacity on secoInd floor Sin diepp(/D5) • Dramatic shylighted, two-story lobby oaAa'cc couvry AiRpow • 10 foot droppO ,ceiling height throughout • 2000 amps, 27 7/480 volt, 3 phase electrical service „ 4 • Computerized energy management system U Voicefdata communications system • Custornized facility layout for Crtiatest operating efficiency y , .{,{'1!�, J�• i,�i�,j�yy,,�•�� � +'t�L� I� !r_ ty +:,�� jfryr(.:�,�,; 1'1 'jrf �k;6"��/fr j( �{��.T'{g+ ,'q •�`;��{�'r.,• }' l'� 1f;�'� �'i,��' ,�}.11'MI'"'Y,"D��' �•,� ��..,�Y, t.,.+ .`i�1 '}� �r�i'Ij��F '1 1 � •�"�.J� }1 �• '��P, A jay rl � fi�l'+',Y fS S "r� �tiSB{�, F 191 '7�� ��yt A ���'.. a .�� ., } ; •, ��fF ��f ,� � � .d , 1( '��• r ',! � �t '.I' � � �j ��,1' �f� V 1 r1,1r f� Y � it � �... 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M•�' , •i ,; , •t t J , �• S t '+I' A�ISSSSS„,,, �y/ it y'�'^� 1Q1d11•,•'t ' 4}j�a''k1!1f,•,y��rt!2'` �J`11,f+ {1, 'Yq '1.21� '" r {p.¢�' }t r��'{, �1011 f,' f 1 U.f15t (1 '1:' r'f �,r• Hll �T �f 1 lil• I t��11�,sS 311 3•y , 1:' F.f a ' W •;i '•d' Y�l'a'tl1,L k ,�'f rrH,�• liar •'4`•�1;'} t1•,r>��.�$'.1..1•.!.1 ,�;��'•:irFf/.rFil.rr.a..l1� t,.�•.�i,4iG +�i'r 1'.,. '��`s. 1�r+, .I`i, 'lit,' 'i.,ll�ty` .t+',rT,',�",1,. �y .' •+ ru4 &t 2Q 717i r , � cot, CARNEGIE CENTRE I ' FOR. LEASE Divisible 2540/505.Red Hill Ave. 6 Santa Ana,Cali , " fornia j 2 6 2 S q u !'e Fe' et Irvine Business Complex TEATURES: • ®terra�°�Isl , 'Substantial tenant improvement allowmice F»'. ' �"Crgr'Cr 100c,16Aircdnditioned ` Elevator Capability 4: 1 parking ratio a4. � SITE•+.�. � �M' i ,i • 100 lb/square foot live load capacity on second floor Ala i . Dramatic skylighted, two-story lobby all le pa(4n5)Fwy. 10 foot dropped ceiling height throughout 0767�torl�]Vfy`' ' 2000 amps, 2717/1F80 volt, 3 phase ek,ctrical ` service 1 • CompLIterized energy management system • Voice/data communications system Customized facility layout for greatest operating efficiency i i y ' L 7,'a,i�,'. i• y't''s..'.i„�, :i�.+r,. ,y„t.. ,y" •i ••r r�;a,i •.,u• 4,., r, 1•;:. ,++ r +cr ,•dw 't Yti1 $ `;f�T' c i"I i , ., •. se . ,+.,, ' ' `��r r 1 i , f : -r, , '' � , +1 ((,r, lt . .�, „ 1r . ,,� r' % "' {'i,.., '' ' " ' < • ' i ?�,� r 'Ir.vl.`,• .l�r , '+t:,��:f5t .'y,` 1rr r�F �,�:} , .t�1J,y. ir`ri• ;� yJ 'r'rp+ .� yy " � �,.$, i��i;�,,. y .f;+� it �! � i ..El, :�,�: ( ,y i,h 1'I'.• ;�t .ir' i. �n�', +• I'�: a, � 11, � � 'k.{ �'�; � ' -1.� i} {,f �.' 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Jt J+ 4': f • 'I. 1'{�il' t-t,t,,4,;Y¢�J•� y{1',�'1'•r'yr�lrYi�°:v/�4, �•It• til' ,1 !,jli f I, ti ' 1` � !t�• ,I,r t I. { Rt, �• � ,i; 'rlty ,; `3 a 5, i .1 �S rY i„; ?�i "! 1�'�1 1- •Ri � ,jai' i i r •#�!� t. r�,.➢,•1 ,,, ,., I tl a` }' ' ,3�" a .1;`.+ � ;'f •.i.1� ,!`�� {f',i5 ,� i `� I,-' 1,�' J 1 �7 11 4 ,j i ` ,, �i„''P Ir.S• 1�'I y, t• +'7`' r.j, •y 4 � �j p,f l• '}i •,i���i,5 y�ir r'f�;'+ �' 1Y'`'!�Y' rl y, 9',' ), �;`e, �'r•j,4,+, ..�,7'1 f 1�a•;R •rl� Itij ,t r•, �+:re",a�[� 11.�,yK t•�', Jr`J. �` `i? 1 At� ' � �f' ��, i V�. .r .ff,,.•'!,"`�( ", Y1+Y.'t ,r P ,1 !; ,'17,i !{ }�''�y(�� '�yf i 'i,' f:, �.�t'f.�e�. '�{ ,4.,.1;1,�,, )1 ;1: .1''.4 y'P•!1,i'. :}1" •.�,'1 rt t'"` � r�' / S',: r 1; ', :r,M}�r,,#• ,�'� r, {„I,i�. , [!`` t L�e{ +' 1m': i 7�'` r { t1a�A,iS1 ,1 \ .,) ) h r., , {�' rl 1. •I' It+ �i7 i't rd r, J.'.'S n':i;, ,f + v ii t r, o,F,C�'.4}•.�.1rY,rb't ��'I.ri� jPfYR��� MK?•.,,'I.h d�4t��rN��}rrM•,t rl ll�'r F7�.M:,f1� ':� ..ti ..Y•i fT' ri.lrl�ir- ,d 1.,�iJ "N i,M' {': .�•,74r"Ir•.,.:dr�'ril, 1.7,}L�,�f 15} w'�,...u.1,Ia'.t M, ,1.dr,.i, r 1.1,.�.11, l., d t'i; e',I I- i � '1 ' r }. .•' is .'i, ' , - .. .' :Talbert-Beach Industrial Parcel' Huntin ton Beach, Redere�ent Agency `FIRM NAME: Mi l' b Develo i nt, "'Inc. `,t, S .' ,; •.�.. t '. . 7 ,, .i •' /. � :ADDRESS; , 3833 •Cerritos; Avenue , r. . Lois Alamitos;` CA ', 0720-242C CONTACT PERSOrI. , - ohn L. M11 iller, Pt esident ',' PHONE: , (213) 596-4422 • I r i Development Team .Background & Experieo. ` Please sec, the attached information under the corresponding 'tab. PROPOSED PURCIMSE. PRICE: $1 ,525,000.00 All Cash 4' ESCROW PFRIM ' 180 days; with two 60. day extension;, each acc6mpanied by an additional $52000,00 deposit. LEASE TERM: ' 65 years DESCRIBE�' TEMS: $152,500,00/year; CPI adjustments eve�y: 5 years commenc i ng 'a Fter E. 'i/2 years, ,sa'i d CP 1 increase not to exceed •6% per annum. ' Lease rate reduced 50% during construe•- tian 'period. Lease shall commence up n issuance of building permits. , PROPOSED TYPE, OF USE: Small .Business NO, '(Light: .Industrial ). 141166 "Development, Inc. plans, to cormect Redondi; Circle to Kovac' Kourt. Thus pro- viding a smooth flow of traffic. 4ity''of Huntington Beach to `fully improve 'KovaC Kourt. ' VALUE OF PROPOSEDI 1,MPROVCMENTS: $5'95250000.00 ' 1 t , !'1 T' /'! ��; Tt• �', �. ,A '� ' . , q �f'` '', r� '!1 SS ,• '�, '� �'j' 1P +, U. �F ?t,,�1i��,,, ,1 ', rY+��+, �,5 'F. 1 `t#:}I. t . t I i,Y 1 i A{�!! .►.�. ,� j I' !'y' . .'�� ����''"1,j�'4.. �' +;, �n:1�' ',`� �r r � sJ 1 ��,�,,ii�,'• 4 .1 '' �•1. ,�'t'!^� ��I •jf,f 1 ��� �, , ''��($¢�. `Y ,,I�s, ►,� .� �'�y,i } 'T}, C �1 r' .,t��' ."t h i'"' � a� +� �,}"'ka /' �/ I� '�� � � ' ;W 4 t,ti ,.��,�Yf''1r,:�'� ��f;• 1�J. f ,1 �, { y `• i I `�H, � L+� it ,�„r 14 i�1 F ' �f�. f.'1. , 5{,Tr{A' `;'i .+r, tt fiy. (. ,.w� j. �i1'�Y TI.aS, ,i f i 9. ,}�"1 (.,, /f• I�, .,1"( i..,� � x r ,.R,, ,• � � I,�, Y , '.�,,,� �1 h, �' ,.,� ' q '�,.� ���, �, �'Y�' •� '=6> ,,,i�,� '�;,a� 1, x ;i•x �i1 1 0,. ' ,y-, j b 4 ,,r t '.d 4� t t n, ,T i�'� Y � � '� .1°A I k llf„ ,.,� tr. ;�,. , ',,' ; .1 1 ;Y 4'1 ,,;a `,�g^ 'f l�'r I�.�rii ,.�rl•i�. }1 .;Y, f, f' � ' .�, � 1. ,,t�,r �}1;' i Y h �'�{• fA r�,tr 1 F , 4. ; 4�' , !�, " ;1 'ij. ,C , � Ta; 1 '>S.y iY `{�t�f,�, � (i3;. r► 1,� � ,, , I )) �y .+a ,�;pp,}}��,. {, ;,�f � !� T'. '�r�! `�41 '� }, ;�'��� � �', 'a •'�' Ef•�, ririg.. ly�.f, t it+! r '., ; A �ir �,f ti` 1 g � �' 11 r (1�,.,f ,v f1 'ffr '� 1 p6 r � 1 i'id r<��.l�r �� ''�''Lr jt,, h�",ll e�. 1�• �� ��T■•• ,I 1 � �hrl. ,, .t hq rr;rS(.;4 �, ., .,.{�,�' ..� ,'�it;i�� r,,r p• Y,�''�11ry t1�;�C�r,fl`� � ,, i W q� .��.+Y j �{y�i.! L,, r a r.• f �+ 1� ,., t + t,' t� >' x , f.t,R b'', r, ,11 5' hr llI f t � ✓1�'j,,�',>,,. �. '�� , ,�' � �'•,S.°1 r, � ,,' .+�, v 4u�i.+.•; Y :�!'j,, i�, 41.r f'�1'�G' � ,� 'i1R., f'•il } �, �'�;.riKr'.,•vr d ti�`', {•:'Ir'•ti rl'f•,�,1 rt ,`1('''l,� , Sj i� i `'�iA ( �.��.�. l,y�ti(',;. I.Y.`(ti l;','.r,,1 j ,,(, ',,,A„Sv. �E,1�,r ;a,,fi'.'I++ 1, .,�•,��r ,1•,{� `e 11�= {t�,�)r,, a. 4 ,t ;, .�j { �.!{ � �: ��,$ j, � �4 ,I A ¢' t +. 'j '7•, {.Y�T'.7. � �t' •,i��, i71� •�1..1,��,' f'�,lj';N'1 ';�, '. 1 �, { q „ ' •+t 4 �r;: f 1�� i � ,�1y}� � �.f 1 �f + ! µ�' i !, , .�t�' f 1• ^,�j 1 � � � (I.:,Y#{�,,+ [ ',4�F 4• I� r . f' p y •, �'f 1 n 1 �,� .., WTI �+t t �' . 1 4 ...if M�f `'' �(•�!•f III,,, , �,p1,.• � S� +.' fl' 1 .� ' t• {F' 1 } 1SL�17, '` jr, ,...fff 4p, ,7 `f1� (• yy W 4 1,,• ,"T ��f1Y , �I'Y�NI, �'Y. ',�, r, 4''�,'• � ,�• / ,,,'.� i�.1'I� .�i + � � ,7 'd � � n I � � ri' ' f' ti 't•�f�:.vl.xhl��,{�!.{w"+Y� 7� I��.�YR rJ� ..�: �'i?�Y 1.�114��, �S '��r, t1� d�� vf. 4�14 �I' J'WA'■ �; �i.r.'v4:1�� a1�f', 1� : 417�H•t' FIMn44,�4; r .. i t • a r t + SIZE. &JYPE OF IMPROVEMENTS' � � �' ' � � Approxim`ate`ly '85;000 ,squ re a feet of small industrial bLi•ldings. t-u p1 constructi '' with ar it c: turally, P eati ng, ; exposed aggregra e 'facades, acid 'xtra 'glass. ; Ten,pit',cent'+ f i n 1�sil office space with F' solid oak doors. and 'cabinets.'.1nterior warehouse completed with strip fluorscent . t -.lighting, •sealed..floors and mill white walls. Lush mounded landscaping, etc.,,,(see attached Winfield, Business ,Park brochure) 1 ' PROJECT,.114PACT: ; 1 . En�l Oyinent With a total project development of approximately 85,000 sq. ft. in buildingsY a strong impact will result in the increase in jobs related Ito the location, of business within the project area. Based upon information and experience with other small business arks, the � following economic impact will occur: p narking Spaces Available ' p 170 Cars Estimated 1 '2.5 persons per car 213 Jnbs Therefore, 213 jobs would be located in the proposed project. ;`2. Real Estate Taxes :•r Since Preposition, 13, Real Estate Taxes have been locvered and with it the City rkeives less as their share with 'the valuation. Can the City raise their tax in omc a without raising taxes? YES If, this project area 'was planned only as a mini-warehouse br a large 'industrial building development, 'the City!s return from taxes ;► would be LOW than the subject proposal. The, proposed subject •dcwelopme—nT s: ' 853,000 Sq� Ft. 6,500 to 15,000 Sq'. Ft. (tlffiGe/Industrial) t Ther0ore, with this proposed development set fofth, HIGHER tax revenue ti ti, ca,1 h;q generated because of the 'project's nigher asses"'valeia.t,ion', � 41 1#. ,.a'kr,(�...f�.,,�;rt•'�t a�,fi7 t��t.�:S,'���,'�i��t y�A"A/{,,. �,,I�,'�f•'.�A''�!r`+Y�,�;��'t la�e6,'.r t ) r.�.1' ,��,.tt'r' t s�+{�4r 4aa t�.i.,'1 { rY��l`�1„'.�. .",�t �Y a^ V � 1Y' ' v 1 '�t•' ' ti���4;�rJ'' 3��4 k�.ra.:'�'�"1+.r r,' t,l�a ►�r�.�a,�#��:;;''� ,,;�4.1•,�r�`.',,� �►t '�•��.,I , t J,',:v' H �'!�• r, � .C'� .'��� ' _• '�� "�• ,.." ,{,{' 1;.tr:77}+,,(�tr p {I ( Y' y ,fr, t'. {'� �3 "�+Ar r, t �� ..r: i'•1 1 f ,��•!' '{tt �r�t ,�,J �I'�1�,1�t`'' r ,k��•'.i� 1'�1: ..r �+ t Y, ,`• �!� ',r1 r.'��'.�F:r ,r7'7 1 `4 'r 'F r � �+I�+ '') K� F "� ?Jr�� V,•' N+,,•'�'T r "�$�T�+'.1 Ij'v :f t'; (r''�.,y9,i, � ,•� P'4, � .1• '���r'�, }t,ff xy� 11`` `f�� .`• r�,',`]r + r j}Lr �. ,�{ (•r;+� (fj� t yy (� +� f )a!+ It y(',1 .� •tic{ .{K�x P� �r•�,r +11n• ' q r '1 • �1 S '•+ 1� 1 .�,9.# 'ib �f }ill fill .,rf� tt ., 'fy,,` •(r, ,�' (p ' 'M�kf1, t i. t ;i 1j' ,r.•t � ,t 1. {r, , d .' ry /{�5 'S� f�`�'+ f':>; t #: �r ?A t+, •;fir )•f ti i P i ��, �„i�.�. 1�� I.ya�t.� 6 l i�" •rk } , t,-,T ,} S i ,r !' �i.r..�{'{� r .b. A,y� .tt�lel wr,•1. .t' r �ti�'}p.tr Fa•�,�,. h .,,� 1'r{�'1, . r}�N.,,,„' � s,,.t+��,.�f (,. 'd �f� rya ii 1 1 'd}ti p�r(.�,� yry 11,, �. r�,t!`r ^.f�.,I 1.. � � � •r• a .�, 1� •� r '� �. •I V,,,�, ,4 ( •(1• !S#.r { F. j r •��;� � �,7 •�y.�,�� 1,�" � 1 ( r�1�, „ V � Ar ��j,T '1•. # y � �� } •��L .t� ��� }'� 1'; r" e�i r + 'q'F� "l ti• �.. +V1 rf, ,{ t}:��d'•. Y �i'•�1?• ( •.r:.:•�,,,.t{� { '�' � '}Vli � j�l ,..#:. t .�+���y l ,� r' ) }a r �'� ..' 1, i� R�� '� �' �r '�i �'A .,C'.ly\�, 1� ,�� ,1. V ;� 5 , 4 't'h( ,Sy �S �Y�.M+��'.� : 1 i �,� � r'�k ��'��rt, + �: 5G,���'.)1.,�.'`J� �'11rp'1:`� }�l���r �Y,,'i• S rt, � +�', � �,1',��- {j( �: �' r r q + �A7 �I �.� � r� ��A � �' �; �r��;,{ �� +',�`,•ti'�� �+,�' �'�e r 4"1A{,�`.��Zt'Urtl�rt�Yr`r�t?��,,�,�t�;,,t +(,�.,��,1,,�'r:..�i�',? r ;I�i�Y:�,��) .t� +Ai• AAA'iiir�1 i��4�V', ,r.•1�,ti• �+V' � �+��r,s ,r��+!+.1'.� ��,,t I.�t ��r.►'�r�'r��r�.'i�4�i"s.'.'}.,1.�+�E,,��',�tj,t c 1r,'l'�y��1f pt��F!;��t�,:�...la�.r..r4��:{�'`r�{t�,,�f,�/J2.'1� �r{r, .,',,�h���. 4XI � 4 G' N�11-11,M i•"`.71d a� x.'Y`,l,•�...X. �''e��4 +�,t �����'f�+•�j��' �l+ir;•�t�'�.r1 i�. �1�.1,A...rY�tYl�YliFr. �•� .I Assessed Market ,Value ` nroposed 'Development stimated .Real• Estate Taxes 709000. Mini-warehouse or L Other: l.ar a uilding Develo *ment $3 500` 000: Estimated Real Estate Taxes 44,000. I. ,.'Sales Tax. ; 'r Based: upon-•information add experience with like developments, the rreanaverage annual saleslper employee is , approximately $15,000. ` 213 Employees x' $15,000' $3,408,000. t Sales Tax - 2049480. 4. Value Stabilizer With 'a t.% quality master,.-planned Bus).ness`• Park environment, the value of the p, ict will• remain stabilized and appreciate at an above average rate, t Experience tells ua that at least an 'average of 15% annual appreciatirin rate is experienced by owners of buildirigs in controlled environment business centers. No other type of Real Estate -development can double itself in value in.-7 years. 5. City Licenses Approximately ten (10) businesses gill be .located within the project. 'Summary of Impact: I . E(Oploymedt _ 213 Jobs. 2. Rea.l' Estate Taxes - $70,000. Annually l 3. Sales Tax $204,4800 Annually 4. Ya.lue Stabilizer - $5,5252000. Market Value 15% Appreciation Annually 5. `total Companies 10 Companies f)r!? t .t, f �' ? , •� rr w r 41-ln} FI`1 .,6�� ! ,' ++ �' L;* �. �.I� d L �' � ,iyyf r Y} Mr�,:� '�'o' ;t. P ►' '3r# 3 pq �; x�.'1 I MI !L}' •I �1 •�i ,1 '1r''4 �aY�naa'•"''y� � ti '/ih'� 71 � I' 1� � ��f :'[}�•' , '�' ! ���;' "��''` 1�r..'n �•i ,Y' +��'r 'P .S� i 't` t�•�, �,. f ,�%�p�!4•+,,t Fri iL y 1 r. •p.. .�} �/r 1I J b t� �1'�� � .F� ;r' ,�y�j,�;�•i���$tty-' r( L;r,�F� . ' r)t�'� i'ly�� .!, ,� �11 ,� {.+�9�j' i ,�� ''4�'y� I�'` '1� ; I ` A' `1c"�,�'y•y ,�ti. , r I' 1( i, t?1Y� i1 !"}`"'�r 'S ' ,• '. lF �" F"' ! Yf*# I kr'Y' '� `'' fir, 6 J( t % F. P } !, ✓ Lf y 7 0'{{ rl j 'i `'1 * 4 '� t1, , , 1 •�;' I '/ , r•. (ry e,l�.��t,11}I}1Y' '}, 11' i ,f(Y, ',�"4 II' j 1 i�' JY ly � '�I NK+F � ''�C �• �' +•y1 �.. j 1 ' '�'. Y', f' 'i,.flf.Y ?0 i •�L'�1 y'f'� If'K � ,i rf$��" 'f {�' f j rTl �'. SY 1 i a1 �'�; 44 r•,� ii'!, •r FI, } ';,}ey' [,,g9*J1 L 66 L. ; t ' r: ; 1'. 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',}�. �y I,t.S r..v `f'la� A ,, �.i '.t4 ,alr s.f { yy,, 1.[• + 4•. ,i• �,,,( �c�y ��Nt � Fi;, ,f 't , 1: ;,, y 'r , ,;.t ,, J' r ,�,�}t"�� y ;1,�, r�(",, r .t �c t` ,��'• y .� F ' 4�, ll+;�'•H �',a i �t�i, ,y..t�„ �'`, + q '�r� y:,'' F , ���: 'ti:� ;;�, ,,,'�it e'.-t'�:i. . �'r,; � ii, •y r � .F�,- ,t. .1 .,�;'';�,��, 4 1 ", � ,'�� ;. .� ti�`.� ``t;t fib', ., �}• a, , ,,. ,r s r � y 4 ��r. 1, ,., , ;, ,,,I Y, { l;t�yJ/' �t, ..r.�,,•,- ylri', ,S ,�(" 4. ,e,�;,r"� �,.,+ ••} f +?'. ,�•.,'-ti,�.{t ,_ � t 1 �. ,1, ��,t�,� ,7. �'r• � ��' y�'t� rf,! k{ ,k Y t �;; ., r, "G'f,f r �tti-.�i 1, .Y 1, �j •r,s :�. C� •5. ..r'f+�� �( ,,,' `'� ;� 7 ':����1 t,�v�. Y ..,� ^,4rtt,� ,Vr., ; (, ,'w r.�'; (;y���. .� t��. �.,� f) �,;„ , '.���: a +,�{qk i, �" � il•e`1-'7r 1 �., kr/, u 1,��v�#,, StM', `. , I,t.'�i•J��'r� �1; Ih f 1 1,a�,�a °� ;x •�tt, 4 ,`,�,.t .t� }, �'��.e,r +T{%,,I.j,'.•r�,��,t-f 1^rr 'R �� v'{,, •r t �N,JF <.�.t� 1Y' �?7 t .�I,. .,� �i ,4'_,• � ,{. ."r �': �1. �� �.�1,'� 211 w '' tip'?�r+F1�C'� �� ,� '��• ,��+r _ a,�rr���,t•, �"akh, ., �y � � t�.,�{,,= Y� �ir�� t},�!r Kt� � ,�,� � , 1 :�� r•yt,�,�.`s` 4,�1� s;f� :�»1� �7�,►^J'� �t�,• " fv,, �'9 t4b ►' �•'�,'e .�.y�T�W�^'#�+�r� .�'gr�}�yv �`� ��',t�•G `F��'rl� �K 4 �.w }, ��� 't��,yrr`. 1'f. t , �F' �� •1' �I �'�,�!t i` �;� .¢I,. .4 �y��,�"1 W ,�'�`t1' ';,ft :Viet;{�� v 'Y"�A1 '�r�:�f' �. y � ;I v.�} '1�; 5 l 4 �� � � i�+'� '1}� .•µ '(� y, '�/ ,,��4M` ��{(d,'•� '�1'�,A��?' {r�1 +�;��1• �, r, t I• � y t tii 1•.7_��-� `'f;��.,A'�{9 ,y. a .1t'C �t�' t1r� �?', '�,,;�„'��. ? 'Y' 1 A ''{ tPN�Sl.�1y.`�".F �tl,F+: +.�•S� 'JIB � 1. F 1 Q" , �1 •r �'�. � '� d ��v,!.Y'� f � t�, 7 r �: r�Y , 1 + v �k f. ry ll7rY�+.k��4 ,r�,t ? �� ,,,� };� ;i{ .� •:y f �5' :ti�1 ,�! ' Nar:7+�4'tn,..fu � .. f �1 y,� '?�. 4.•g .y,�S�' r :.f �+ {�'" A�'1;, ;�rIK 7� ! 1.. •,' ,F,,.t �i �F� S� .,; '}' ., a• i�. F!>*i ,� :iw�'i7✓ ..F.,Yif�!S't:r�t %. ,��W� sir. ��} ��"tY�r7�1 uF� ' `'y,�� t f'',�' .r ,p�� � r,.1� F �+1�. f,iV J `9' �""}�-�' ,���.I�6 � ' , �a �j' wn1 . . t. > ,{ . �t ,.J+ F "('�i �'lNGii• t /��,k,! wo t1�1''L+ flt'nkt.t, M *;.t John. L. Miller~, ,president Ml'lco Development,`' Inc. ,1 Mi l'co 'cori nerci ai Beal Estate Background InformaL�on • ,. John L. :Mil'ler's industrial Meal Estat:e, carepr started in 1973 with Ashwill-Burke 4 Co•., where he became their Top Salesman with in two years. HighIighti•ng this accomplishment was Ampex Corp'oration's 7,65 mi 11 ion 2059000' square 'fc,ot build-'to-suit In El Segundo. He -remained '.' 'A WII- Burke's' Top Salesman for the balance of tiffs five year tenure' with�'the firm, Mr. Mi 1 ler• then joined Cushman & wakefield as ,a . Senior Ma' rketing ,Ohsultant. He Was amongst the top -100 of their, Inddstrial brokers throughout the United States. , At Cushman &: Wakefield he completed over ` 1 ;000,000 square feet of transactions on behalf :of severa 1 fortune 500 companies and other prominelit Southern California business firms. Ne left Cushman & �lakefield after three. years to become a ari;ner 'In Feder!~al . Industrial L'r',operties, which specializes in the Los An9°Ie:�/Grange !:ocirity line industrial marketpiaCe. At 'Eederat t industrial Properties he irrcor crated Development, Inc, p in March 1961 by forming hl1 ' Tr4o 'year's later he forged Mi lco'Com,►nercial, Real Estate, izirig in the marketing, of his own projects and industrial , brokeraae~for his past clientele. Milco has- successfully,,marketed over $12,000,00P of industrial real estate since its inception. • i t 41, . • — t;'•' 1. '1 ,1:.`„( r'r <.t,,. rF' ',. J •� 4 i 7 �t � S Jt t 1:r {�•, �„` �,•i�•i.�,,'� .. 'r::'�a. ', -'{r/y t �1'• f" '4 "y�'� i}f. t"Y�'�� 4 . 1Fr �r', r il�f t .,t �. { �}p �;t �', 5P'. .• iSfY •.'t0 � . J'q`S Yi `Iy t' r%;2yJ+ ilk r ' " u .: ; '+A: "{',r'�f�'1`� M1; i "' 1: '�' , tr 4i!'1( ,,9''Ih' `v. .` "ti�,r F` �11 ,y +f,.yyr`,t ; f }Y• ,`{,'l'. � '"h ' ', 't f'it. .i'Mi '� ,� �• ? ii Tf,d' 't �.i t�r�. � �' ���' '` 1r}YiU' o Will +,t[.11 ..{ f: 1 { i t�Y ;d•:�' if`' ,y�' ,,11' ly ��' �tt AT11 '2' % },t,^'tS+� t, ' �, r �{ �„ ..,F .{,�,t .t', , i ' ' 4 ,�ri'i j I;y' .{!' ,2, 4 �, �' • 4 (' T 'Y k. t` �Y f l ',b 1A, d f;" (Q. 3 -r '•F �: r' is)f5'r ti. � (7? y }f1}� ;nxfd"'f`fli {i i y , , , '�`t(,ti, ; t ',{, {( A .t, , ,• M�, 'f {. .I.•, .�`. ✓. ,. 6 9' .+F�i',4 •'(y$f,i+h r, q ,,t il, 1 ll ..;, t �,. •''�'4� o'` ni't.il � t,YrJ .' �.i f�.Y9 1''• n ''� (er.'5�.' , ' M) 7 'l�•7iA7r �� 'Y F,i, f' 't� :Y,t�' �''`• •v ,'$ � '� ♦. A ( e !1�.,, j,, r, �,� t�' ��. .,i •P,# f ,,�� y ��1�J 4 f,tttt.b 1;,}, Y ,fa., '�.`••i M ��1�1 t'.,. � •,t' ��e 11 , � ) i rj'�a ��• '. }, r' � Flc',, ;.f, P'"4.,1. 1 ,:iy ;�.,•tt . �`. FF M ,' f �,{. ? I. jr� '( � 1`` � .'!.' 4 r4 .� i � ' 1 1,.14 �4 ;� 't }��', rA '"�'iff. t ry1`�5�� �,yf�¢+ �,.,1• +� ,.yr., � �Ft'� M ^}'L+�t... ,4r'T'.{; 1�i, ��' 1 :,��1�.,! :; r'1, .{' nor• w '•4!, ,.; .e h. 1 {' r�u i If 1 4 ,+ {�T r,��� '' 4 fi.x'tI• i ', J r 4�' ,, .kF ,` r f. t, tk r' '� ��! f :�i 4� 9',,� .�'k'� !!!»` •�. �'' � �4, �f�{� ,� M'°"� .��J{}( tr 11 1! •r.., i �, !� k 1 rl f'�IY. Y�«�y � ,� � eC p'P' ,+y�� {y ) ,ht tY'► .�{ t.i Y,{5r•'I:'� lS xF. t 1Nr i, 'Ai K�y, d1S 1� ,Y;,t�?}.:3,� �f;vF - fy YkSAN .i1 i t AW 1 Throughout his Industrial Real Estate career he has successfully developed, sold or . leased ovNr 250,000 square feet of industrial buildings and retains ownership in 'a majority of these projects today. Highlighting these accomplishments was a 18,5B3 square .foot building iP Cerritos which was IQased 'Grior to its' completion at ^0¢ triple net and' subsequently sold to First Interstate Bank's Trust Department as Trustee for Walt Disney' s heirs at $17000,000. Mi lco Development' s current projects are as follows: 1 ) Winfield Business Park, a 94,882 sqaure foot master plannea develnpment in the Corona Industrial Center, 2) a 54,000 ,quare foot build-to-suit facility for H & td Foo0s, Inc. in Orange, 3) a 29,000 square foot Research & Development/Headquarters facility in Cypress, 4) a 21 ,340 square foot build-to-suit in the South Bay aria, and 5) a 15,000 square foot build-to-suit refrigerated meat plant in the t.os Angeles area. 1,1r. Miller has served on the Board of Directors for the American Industrial Real Estate As.,oci:ation (A. I .R. ) and is an active member in thn urgani-ration. lie is also a member of National Association of r 1 nduatrZ a I and Office Par%s and the Long Beach Area Chailver of Coi;Virarre. Acxcr ptiny i nci this i n f orina t,i o;i i , I.1► I co Deve l oi)men t i l p i ctuve por•tf-olio �,hic.h a portion of t,h().-.Q t.ranCiJCtiuns cUM010—ers 1 P J� I 9 3� ""w 3 a)7+V �' r' a.r�•T.'rT r` ' f Irk---..-• i `i, f f 1�'' -r J, _ .. j .�t r ' "!J (�'r �1�.� �� c '.F' :1 r/ t +j,} •. .{ rtJi ,4 i,r 't •1(•.' �t .1 t{ �� wW��},tw f `;J.\ .+ f !;It 7�r 1. ' 1 rr4 r +y} � ( .� 't L•t tl S•, �,�,r irk .'F�fLI .{ ri (( �7 {• 1. S !' r�S! ,y :3�i :.t t' ;`{ (•+�'J�4y,y 4'1 .!n. t 1 rr J r� l,'• 'ti r � ! ,., 1 '�. r li .. �\',JC A. . 2, t •{. ,y•t;t�`• t� �t r•: i ' • y. .Js-1y11 �ti f; .:Y ! f 1 ,,1 'r/ I 'Z,'r,' r •i S 1 ; �'�r. 1{� •" �1' ' .,f •�';�,� f y ;�� ` 1 J ., ct r• YIIi t - t - <` / R. , r'. 100 ,,���J, r� ,r �,� r .�5{r 1• rt t f ��t�J>< • '1 t.; .r. 'J.' �i ` +' •° " ••# ti t ) '�'��• tAt•ttti.yS r C t�'7!l,�- �' +y7.••'�':':�e.T�Jf' ; ,S' t � t �+�t � +. -. r 't• 'r .r� 'i ► ^^•�� .' ,. ��}r'NIS'" j�,r7; ••�•+'• f 1'J J{ ' 1,_ ''I r- r r. 1� ^ .� ' en 'A rtio jOhn A.Al January 29, 1985 J Mr. • J6hu3 Miller Mi lco Deve lopmnt Company dt, . 31SO' Be P icific Coitet Highway l Suite 260 , + ► Lang Beach, 'C.A 90804 Dear Mr. Miller: We would like to take this opportunity to tell you abtout The John A. Alexander Co. , its organization and background, ca- pabilities and recent activities . The compzny was incoroorated in 1908 and immediately made its mark in the SoLthern California construction industry as a niuneer iit the field of tilt-up concrete structures . John A. rilexander Co . , along with twc othor firms , erected the -1-irist b1ii1dirgs utilizing trhi,s unlgLu: coristrruct.ton method in -southern California. We still specialize in w1m: type of collF,3{,ruct1011 and after h-;ving completed c:�I.l ovor za t'roLtSZ1.11d t 1l.t--urn bui,ldizlt�.t fr'e� t tzc�� our t�c�c.liz:i� t,tcs> , cic,.;.nzl �:�ya tu: c�:.3 �l:tcl rc)z�fst:x uc:ti.ozl }r o�- s tr{ }li: i%i! ►.: t(J:1 {'.Z',� (11!t' :E)}3t ),.1, o })lt.t �.: 1.rict itC{:.�. 1►.i i;j(' '.'C) 'i:F'. :;t.,134.t3+�'.:Il t:sJ.�. t 1.:►,1�:Il.t.;l ��*'F.:ii ( }all;: :13f.' � �.t(l.t �;�'i'..�lC?tl l.ii .': _ �l..f� .' 7'•1�C7:;r•C}. �"i! t f' .. .}, l'�.!ilt: i_•%?!.'Sl .��3}� o:'t.I '. I'il3if:ii is})t3 1�'.:1:;.;;111i4.�. �1t: t'.'Si{:.1.1:'13 0.' C.'Uitif�il3li' ow- jt . {. 1" . , .:;1'.2'C` C) � 1t +f.. }.i ,': '.►li 1:' '!1 Str, ! {tii Mlle( i'i!!1 !.J1°. '. .111.J i..,. i14. :?1!% tl•Rlr'.. �ii '4'1'.t fi:ti 4"'.".' :r'wt:t f"cit�F,'1 f•� f` t.} = t+,.. 'i.t.t.'11 r r:;: l'�'1til �... ;r (i.i .".t. t .�.t.rl1 .t�' ti•;�•.} ,i ., r t 4 ti,�, •t. i tS� f' ti� � ., r.(?Jt :l7i.? i..',Jlt^:.7,'t.t. �.�.: i:."t` ! iii71, 3 t.:iti:.i.CSlt �T.t..iiil � ,. (-lit t¢' ...13. r•;. J3:`,:7 it`.'ft.J L`. . .... f..ti:.e' (' }i:ii Ja .. _ L:- ii i...i `..� i``ii is (: JIS' '�' i3" i ;�.. #, ''.' :' ,.71. "=1. t,�.hh i.,"R�:^.... ' ,..RI t 1'. i.ii .. . ,•... r i.��. WiJ.r.t ,,.:. . <,�#"t�11�'.�,13�..ti�(11.•ili." 3i.. t°,�;4baJ r. �.iG;' }.i. 11l. l. .. .t `. 1..r. z.$; 1.. ' J! .1... � 11`{6 5t"t'. t^.k 1.' .t � ... i.�l' .{.i t ��R�x1 .rte�1'.'t t.�:,7� l .. 1`.�.,'1'. '.,� t':...,1. ! .''' �.;•1 { i 1 r ;' .. SL 1. ( >. .. TVi ��:':1•-. ^ ... #: 4*.13 - .. __._ ....... _ . ,. ...,.....�... ..,........r enaeet..�:.,s..u._-. i.( .rc.�mL',.,.« ........�LG..,ya_•.i�JOYaY...�.......LLri,.�. '•6t,4j,r,`.,1�f5 f !� Jx t�' k ` ' �'1 r f I. •(. ,•• t 'i%' ter •ti' r r•.r'.�„•• + I ", -� t�j '' I, . 1 ti'i .. �I r � ,+1,. ,.,•/�,+I'l f� �' ,'�S: t ,a ,. r� � t' .. .ifs! I r r.'t• F `� , r •1• !1, t.v- AP .b' `: .+w'..t.der",,`�`•7,1',/ 1, /( ♦' - " . .. 'F .. _ -7 trl V Ne,.: . W. John Killer r: �,:� , �, - Mflco .�'i►einrl�+ rrt,: � ,, .� I, itnuary 2 9, 19 8 5 :. As,.`you requested, we are happy to ' prov�.de ' the fol�.owi.ng a listof buildings .of some size that we have done ,i.n recent."years that is representative of our work. You may note that there are a considerable number of, buildings listed for the Traumell Crow Company. In the past ten ,yea"rs .rye, have constructed appioxi.matelY i ' swven: million square feet' of industrial buildings for that .fine arganizdti.on in their Commerce/Bell developments surro-anding than Slauson Avenue -- Eastern Avenue industrial arLa. We have ri! done all of the industrial buildings in their Chrysler develop- ment, Cheli development, Lockheed developmant and U .S . Steel development. t, Listed below are representative buildings in the 300 ,000 sq- uare foot Plus category: i � y 4 BUILDINGS SQUARE FOOTAGE LOC.ATiON Stoody Co. 325 ,000 Industry j Wian Allen 3001300 Chino tKern Foods 300 , 000 Industry National Blank Book 323 ,OOO Industry Tr.-star e,11. Cr a*o -- Did..j . 1 42 303 t 17 2 iSrlt ').'J"I;t1:i;t1::�•�• (_".? ;.�t'1 s1J dg i 1,l 760 , 025 t:r1i;liii;'I C Ca t c c13 y i.n t1w "W0 , 000 li+�P. ... ... ..�,.� t_'T.'(J'.r j;.L!��{ :, ':•! ".l tl � t1(lt) C' ;�;;,.; t. � it() +h;h'.t.r•'�ri,•'1�•�`�7':'���'rlit' 't. - f, i ;tt f 1 +� ' `l .'{ .r' � ,, ii �;�f'.�.t` -• '''�t.'ra �xlA;��jttf` ('! t+• ,}r ,' , 11„',_ ' ,,1 �t, •f. rr r'�, + .Y w��' T, •' rr tr1��?�1 � J r -t ' 1,.1 ,j ,S J r '' t •J x+41 rk� ` , ,P , f r , ,` •t r ,,, ' } +t � J r. t .t• .' f rP• I' .I t )�.. . f i+�{ t ' r> �r ,r• t � (� t �•' J k � 'i �.• 1 t.P1` �• I }- ti��;'F��tl�f � 1 f .� f t' •y t iC :F,: t ' tt ' •t i, � ... j ,i.. f .. I:�. ��,t,l. -j'� ,''1 T•. �~, • ,frd.�h�1'11i+{V.. Igyf•I F r r�, � �� ,i ,t � v,t',� f F, if •!� �i�• 1'1 + '.' rNy�t 1'Ir`y if'1n. R''...,VA"1.•of,.e !• ..'J .. .. . ... , . ... .. . . .... -. .. .. . .... .. . •♦ ... .• .j . �mr d John-Millerl�yn (200 000 '.S' tiv fast' ctat+egairy' contiaued: 7 :1 t ... SQUAREFOOTAGE -�rOcAmIart . Tr&1 w1l' "Cron Bldg. #17 222, 07 ! Commrcea Trna ll' Crow M Bldg, #10 - 275,000 Ccmmrce b Trammell. Crow - Bldg. 412 207, 900 Coromrce Trarmm11 Crow Gage 222 ; 835 Commerce 3 Bldgs. ) t Simon Levi Co. LTD. 200 , 000 Carson Listed below are _epresentative buildings in the 100 ,000 square foot category : Trammell Crow - Bldg. #55 183 F G9! Commerce ' Trarmne:ll Craa -- Bldg. ?f415 120 , 900 Bell Trar�tmell Crow -- Bldg. rn6 145 , 350 Bell `1'raimmell Craw -- ;3ldg. U41. 148 r 500 te:I .11 f.'rat r T31 C. C I.' - l C}7 , f'f;4 13 c-�11 �):�.'r;.Iit;iiP'7.�. �J.Ci11 •—• 111.C?Ct • �i .��i .�.•�� 1 .r ;1L; (�fIIT'�Ii:'•�_f.".t'.. r.IJ9 739 c..'l,S� 1 .1 {'!: (it 7•'.f:c(li.Iii`....0 t..' fl J.t[t j ;i ? 2., j W1 J i };.4 ,x �jvr +'�' )+ tr,�ti,� t �w:�t'•w'..... .•_t�...�.,--7- ; ' 111. /'� '��, :i,+:�•.'. ;fr• •3. `' ,,r_ .'•fir 3. il.`�4..3:�;:,r,. y. .�;`Yt��`i'1 .., AI4,7.Irr �tr �. I I. � , 1. .(' j + ' � t r ts•l• re'r I� r •, i'.S il3te r- t ,,� rf, `,3).. 'J'+ r3 , _ + rY� 1 r '••1 .` '�,� ,'. fY. d y 'y( 3 �t'r ul r•I t . f �, 1 e � Y f r ti t rl`tl. 2, fI j]t tr `C •�� 1 �,�i` r 1 / �" t. �'� •,+ , `j t« - y , r l j. i'+�`¢ti�}�a3 J Y`�,.5•i. ,�r �.Y,t f r 3 .t.3• r t +,'�.3 •��1 P.V h '1 •, I r 3 t 1 R�4,r•;`, 7. ! ,, s •r.. �'• .. � +�+1 +t •I�!•r , ....t:.d�yyy ' �.Fi�'t'. (! • '�h�F�,�;��r^fit+ s. .(..� r �j r ,Ir, iY 'r. 'r '�r� d , ^t'�1. •� , t Mat: 'John, Kill ' +.,�1 �unu►eu ► .29 19 5 , W; t; . :, S: is •�: t': '. r,' (:100 r 000 aqui�se loot . ategvey carrtir ued) it il�i +8 SgUARE FOOTAGE LOCATION 'r 8aloot p' ' 104,000 Santa Fe Eplrings Michelin Rubber Co. 136 ,000, Santa Fe Springy Marshal Ward Bldgs 112 ,000 Santa Fe Springp 100 , 000 Santa Fe Springs t 128, 000 Santa Fe Springs Stauffer Chemical. Co. 140 r 605 Vernon Stauffer Chemical Co. 221r720 Vernon � M Stuaffer Chemical al Co. 1441172 Vernon Davidson Plywood Co. 125 , 000 CarFon `al.i.'ber�.ing Rubber 3,00 , 000 La Mirada WoUnfiet•c3 Dldcl . 135 , 000 Cc-llulinrca . .t �''>'wr :i' .F_'�'.� �t(.3. �_.�'� . Qt�() ai�T244 I'w' ��r�L•J.rIC}:} �•ij_: i:.�'•.:� t:}ls�l:, nj� J iI(..il.tt;t,�":L:.l.t. t,►.z:� '.r.}.l.trc� t:c:�Irr.I:�.ci�(_�7: :i..rl ;;ca:'t;!►s:.►:rr � C' c 1r1 C)I:�:i:�.' ljyotl a }?�. 1. }. r.'S+ei!}.J!.r1�. L :)it C't (.j!1aI t:vt?cM'�, �..oII ,Irx;."t c.:�.:>>;i}',.�(A,i:ivr' {j�r'J.c�.1.I1�{ t �Ii�rl �.;_ ►.��ri. ;;(. %.c,C'r; ►:cal"l:r::;c{ ['.f �lt!.�.11(.' rl1.i, f.` (i Z%C._•2`}� ti:. i }I j'raL2 (Al r`AII, j)1: .+i.W; tltil+�'4 j, � '.j,...,},t'� o11)C...� {.•�)=rr i " t r 1 ry.��`}rFll .' t rr 1,,•tLtr .t� + � ., � ,• .. .. _ ' ,tt. ,jf .. , � � t �� ,r �r •{'��}1{1f �t rtrr rr r '�. t: ,,, �' ,� I .i er1�+ti. A'l -tl rt + •1 t �. +I 1! _ .t .r. •' ,� In � ) rb I r {M,!•f;� trit I r .. � is tr �' - i;.` t it I i �w n xa r � I m rn u, w V! �?�..T .. y •1. .t, 16 ( �h77 r/ •�•,.,� ,ti i ' t ( t � , ,+4Y�1: � i ;+,• '} + f�i' ` .i •�ti. r' ,i .� a:,'•n,,,fl�i 1.i�� _ :rt ir. . .. I , •. ,t, }7;A..t :1 + + �' `•' .. r. ae rlr • i'� 4 31 [ f/j S� l;1il��y'P;`�•F- t •`t t .! 1+ �;.f i ,i i i •,4� ti r t A t r` `i F.ttt tir t•i r1 a ' 'r, r tfr} ,r�+f•• #�. A 1 •i •(' r Ttr' "..1. r 3 • tC` ,F �i�t i► r tl II 'i• •# ,r ,i;r ! { , , . j) +'- ,xs. .,i r �, •' if+r�, tt 1 •kr, , t� •r i t t !, t' t.i, 14v��.,t �.f,4. 'J�.- KrJ� ? Ir}. tf ;+7t r,tt,r '. .r.'.r ir. j: �1. - •1'A• I '• * r•,Jr ,•r�.:;.a•i•.«1•li' y t r't,•1.. {47, f`�(i r ir• ao, //1 l'ft' '�.�1�'Vh�'�.�1•{l.L+"^r+l:`" '�r,l'�•�'+N r a/f,l.r � rj! t, 1 i i•S .1.+••;1 ` if �t •t i� ` :t..lril. ., ... yY 51.a .J. 7! t t . '� • 'i. 3..'. i R , .. • ,! , f 1 •. . .. .. , .t _ . .1 .�1 .' y.� {, r J _ 1 '. r1 • ' «r.RM 't^ ( I _ .— r•.r�•••••�i•Y.�r/YY41�t.�'IN •, • �11.f i v,•y-. Yt'i ';',1 .Ya a t. 1• ` t 4 ..-.1 'r+ ' t _ r—••--. ._. - n t -..... �—y�,w.yw�+�IW�.. 1:t 't/`- t, 1,� .1�t i f.' r• / i .. , r , 1. John L. A Bev L. Miller & Milco Development, Inc;: 1 �r Addrm 646 Margo Avenue, Long Beach, CA 9080? y 566-88-1095 Sodal Secutit No. _.. Date of Birth 1--24-53 .r Honw Yelephor*Number Pr ntEmpiuyer Milco Development, Inc. _ rosltlon President Adc:rensnflm�lnyer 5150 E. Pacific Coast Highway, Suite 260, Long 9each, CA 90804- Work Tclephunc ►NumL-cr...- (213) D 490-3050---- � .•._.�...-.._ter. ___ - _._.. r,. _._ ' -- -- ----- tdarltfll S'm1wi (ilty;-.vf.r illtly 1f this financial stiltf'nwill LLJ tAllydt:(.l sopprilled 1{., JfY(1.'i(l?'(I 11► (:Gnno(Jivii :dlh a ►uaili;;;: for necUl'cd ( ' ►:n!i 11 or if`'U11 i.w" it. it -oli),111111ity projit'1•t y :,;Iwh 1.-j 1111111--1i'rl►?(I (11T111k;ti'Ili:tl ltii'lll(l�':i I!.; t..'Ilii(11 i140: xililtlt►.'.did'( f cc(i. t':i(I(iwed) Y+`..�k..� it dl3•� Ire+.i/Lile�r 1'�>}dt� S.,f l*(1 t�.4 �'�rt��0.•s•��#�•F�It'1 i.Yi . t i r �'77..)(i( :+..�+Y:tr tnr,� ,F. 11'rii• :I.il��r t a!��'� it%:11/Y ft,f! ( L�` 5r t }r', Jfx t�( I E.I.{ 1:1i" :it:ti 31.'tlltl' ,i1, rr flit 1111r11;1 t '.� ii( (:iltlttitt',!l f�t+J'i; �, -� :t i t �i5J1it11' e`.'ltli �`1111i' }tt!'.l;.t� ��51 I+�(rt+l�° ,�'l�it I,I�Jflitt•� �,>•t:,;ltt, (S+f,':,.;�' ;�lttttt}it fir. ti:t(' '`.Itt�.:t .2 :t ' t„ :!F•fJ�. '}`I it �r1;;''!.li"i } i 3 1; i�t;rl li. '1J r�+ .•1' ,li'li� .t.+ ,. .. 'tl '�i'i,i' :1t'•'I) fft:i. 1 �� ('r19si? {:.'.1!! !!, i 4. I 1 °+ ,.�. t'.. , � � tt?� i' 1? '1•'.� �t: ':}`. ?'t i,.;ii, :7'i :� itt' r' •�1. "i r, ! r I(t t t •l•S!, i •r} r ± t '! ' .. ( ,. ,,1 � 'r s. 'lf� .,tr 1 .. '�•nW r����}.�C 11r�+' r Cf t r ,t f5.. r I 1 Yt.t•tl. ', 4!• • ,. , r''l.•,Irr _ rr Y ••:r \ ;r f. NOW . dM'; 17 � •r ' rill � '; j r l C. r , " I` �' �1 ' ,•. .•. ' d r �k. � .1. rr r "i.rl .1 r 1 � fit•,•Y• +. 4 r� ,• � v.`,f �'n,,,, I `t 1 i}a,rl r t' art -� r V •1{ j� r: ..1 � f1 }• 5 .• f ., 5 r ,5, ' ' '�}. , ww�wr naun■i.i�lr-�.■rr■■rti�rra+..�..-.*r .rwr,�r� ..w�-�w.�w....r+.+r: - List all unoun{tiw Y1/u".."oWt�entz.• ' '!` OF YA ,UAT IVb January 1985 . ` Pit an Attwh a upuatte ttlh�it If you need Mara , --� tn'compiete a detail schiaale. . AllSETS . A(N�ii3N T.-. LIABILITIES AMOUNT � �in tii�lo Oak Acc au .. _. _,I■� ;; I t n is Payable 10 tl kk* NL%b(DOtag) 'Shia .Wst*rn: Savifos 125 ,000 Notes payable to FJdarado Hunk ;. First, Interstate Bartle 28 000. Notes Payable to Othifs(Schedule 7) Acmiits Rmlvable Income Taxes Payable Estimated 10,000. Names fttceihv me(Schaduie 1) other'faxes Payable %. wpps A Roads of 'Trust Ovmed(Sched.2) lam ties Owrwd(Schedule 3) Cult Surrender Value of We insur.(Sched. 4) 59000. Loans on Life Insurance (Schedule 4) ROW palate(Schedule 5) 4,012,000. Mortgages or Lens on Real Estate(&hadule 6) 1993590000 Autumobues 1983 Bronco !nstallrnent Contracts Paya,;e 1.477 Mercedes, 1981 MotorHome 57,000. Office Equip,, 19200. Personal Property 35.000. Outer Liabilities (Detail) Other Anets(,nail) Office Equip. Le, e Computer, Typewriter, Desks, riI s, bookcases, etc. 12,500. TOTAL LiAIIILITIE:S 1 ,946 200. NET WORTH 2,4381POO. ij TOTA1. 4,3 35,UU0. TOTAL 4,385,000. ANNUAL !NCr.�NIE' _ _ANNUAL EXPENDrrUEtES CONTINGf:r-41' i.l,MLITIE t:nlrlrl�'frlent 1nconic 11J�UUO. i IOitCrty Iaxc;'�Al scssnients :1, U . Ar indorser �. lnt:otnc attt! ()tft�t '1'ax.t.; 10,000. As .fttatantor Divi,lends Mortgllr.e Paytn-nts�• ltticrt't 13,560. On Danzig,.! Clairtts ltttctcst 15,tt00. 01.1vt Con►titct l'ilylvettt•. 1 ,:�7�►. } ut 'ra:;es i'�nt;Is fir; ,(�t�0. lrt,'trntcc 3,3C0. otIIt•r Wt.tail. Alilrmn�•,Oiil{i -.op +r,rt 1•i�' I,(; 1'.t15!tl':t' �;1,��LU• trt;t't•:t}.t: nc}intcn"1n, (}'( 'I II•C{) tn5t 'i,r/5'' Allit!"ly,rlltlll'.'Sili;l;f(�ISl;tlllt 1hi'lur r;; 11111t ,putt t Jll't'r yE)�f'r''.I Irr r it) I ':I. '� , .111 11 ,ii?I ., � ► 1 I 1 4(.I11:1Jt.11.I' I ;•�t5t�.: Ir�.'i. .i,ff. ��----._. , __. _ {, _.1. tl( 1 f,l;. t ... •� (�t,ll ;r. r � ( .. ;.,'�}.'``Ir...._., .. .� '{„.'.t:ItL;S' I '.:t: ! i'.}. I r�,ltt'+;l;tt l i,r..� ` i 1 f � I 1 , '�,i ;f r 1f. i t �} 1 .r' rr 1.' t t t• r 'f I r - e^t �• �s r ,} t;r�pit f f Is �� •`rt •.S ,•1 f .',+r f. ! ., ,s .+ t � F •! ."`� C�f`?++t � �t, .r• \ t /t. + r,TJ r .. Y �f 1 �J. a 1' i. �:. N``•� ' AJ ~t, ��\'t, u''i ,. -1 `-.(:I • � .. .S ,'+wr..1r '. S�I,i V,�It r ;1 1 • � :` a '', f,. �•) .t GO 'i Y�b rr , � �'s fFf '�.! 1 ?� -�, .. �{• r � r 'r� •� ' .!r •'M.{S'< �.♦;� �, p*„Y, r .��� ?i,$`tft.j, ' •I ,t. r 1 e ��� t ,.: 't} ,j ,y 1 lit i, "'�►h« rr •,;, 'd �r '� e � .• ifff r ,1 r t Y y r .,st 1.- t la 1 "t�i 1 � t;s �' r•; '� d#,�,�a•,a,rs.�f?I�FMJt 't ., , '� ��;y'�.. ! V',r. r� t ,. `'� .. .. t ,.•.. ,t. :.t. !.. ,.,vl .. 'i NJ`r \ 1, � 'r r, • •''t, ..... ;.i• _.,...-, +--r..•.e /. ,/ .t ., ••},.:F-,.`'It`,. �Y t 1'•, t f How AtflQL'S1L Al Present r .' 7ecripUon Title In Narrrr df Held. - Which Carried; Market. ; Code an this Statement Value pp 1 EDULE 4 Life Insurance ` Inseted Face Amount Insurnme Beneficiary Cash Value Uans Of Policy Company `$ o n Ali. er � . . Corm. •t- ua Spouse' � • r IA � 'I'Q`I'AL 5,000. ; SCHEDULE 5 Rcal Estate _.....-,....._, ^..~._...... -.-•-, � ilu�v t,tn:}tllly _ Cost j'rescti► 'total E3.:L-ncc . Addis,t and Typc of Viopnty Title In Name of Ileld ---- Idarket Owed (D:Iatl i lncwrt. Year Acquired Vatue to Schedule tit 946 Cede 'largo Ave. .yJahn �f 0ev .�T � S 175 0tla. Long Beach, CA M11ler 000 N/A 395,000a 127,500. Resid enut Year 197£3 ond. 21 ,666 sq-ft. Lee Propprtler501, 121t7 000 . ,. Indust.-dal Bullcling --:Ompally �.r— 7 ODD, - 75U,UUU.• 312,500, � i`car ��1�!_. - -- -•-._._... - __...__.__..•_ Ind. rc' , 14t`� �;rl.fkr �l'., ;ltt�t:rt► � 't•r'- rfi2.C(10 tvhl 1)u; lcllt� }:, �nti{t_,i•r'It�1 hi ;j,;IUU. _... . _.�. ,600 .1,lta�tj���,�__.._.._._....-.__...._.__....___..._..__..__. � _{jt�����fl ,�u,._______. tt.►.".`.__. ."._..,.__._...-_ __.._,_..�._ ..�._ . ___ _._...___.____....._.. .. + ».,.___...Y...�.....__... Ind. 11!nf full flu",.. r (tJ 7 n J J 1,•.1 it't (}:j t �1' r1' { i'� t'rr ,�{ ljt)1)a 0fi ,")010. i��l ,t)t�tli t,Ul^Clrl�t, 11y< . •. i ...t ,.. ,, S ,�1.t t 1 t .:ti . i .l1rt,�.. tt.., .� . [ i t Jl ,tjtr� ,;'l��t. SC.11I"1)tI11' ;t Mollf'tt't,.. 'l ft 1 . 11:1 t r ,' r' S lrir k1 t ' ! k t t lli11,110 �r�lt�tti i ,iS,il,,r' t ,r . ttU:" r r�':'tl�; �illlt'1! j'. �.�,: t�' i1 • tii 1t �r�t Hunt.�jlf;.j11't1 •.i` 10; :.1t'! 11iii1 " t l � J` �` t i!.• ; s. ..:ti°.}° �11�t ` dtS.[V� f�(:`isir,,Rj'Y .,? ) i\ "•�� f�� �r `•s, �s���i`) '1'�������.}., i t ,'`,E,;f1 l '� j � �Ir •�t} �% f l�1_ �1.{#.. { ' t t t t i + r , , N!•.r'^ " ! `raa:.,r., ,rt tr r t1� t r_.. ,• ��. , �+•�t ,•Y� •r s '#•,y'•'•wwl f �.+ lf'•'. i t, ss•t ' r Itr.. ra , 'F•t . rt' .r's •� r f,. Si ' .� CC �t j r r r ,1.�t 'Y r , .r' _ r •1 ri !' rl t .r* J ! s t r ♦4. t!(�� �4F/i t t t t,r ; �'i• +�` :4, i'� ,s � '� s .fi J, � t. Ali } AASq '",.tit.' s1 t < 1 ', t 1•, i . 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Ptjr r�.A t :• t - i r J f i i• \ N LJcli of • " -� �� �� r.. .t .� t t..t i•, .. (, 'ryr r ,� 1•i .i r•� r.� e� ,. ___.-- —....,..... ....,,...ru.._..a.ru... .. _. —..,.arhMxftu• �---- -"+rY-+\.�ff'.i�•'.- ;rr;• own LOCAL REFERENCES Howard Sherman, Chairman of the Board Harry Meyer, President Silvercrest Industries, Inc. H & N Foods, Inc. 299 No. Smith Avenue 2341 No. Pacific Avenue Corona, CA 91720 Oran e, CA 92665 (7141% 734-6610 (714}q 921-2908 l Bob Pinedo, General Manager dill or, Marilyn Papez Crest Floors & Plastics Aqua Pipe Mechanical j 298 No. Smith Avenue 290 No. Smith Avenue Corona, CA 91720 Corona, CA 91720 (714 ) 734-4930 (714) 735-7730 Tony Walk, President Andy Pey'koff, President Inter-Conn Electronics Niagara Drinking Waters, Inc. 280 No. Smith Avenue 270 No. Smith Avenue Corona, CA 91720 Corona, CA 91720 (714 ) 735-8200 (714 ) 863-1400 � Gary bastierr, l'residr!rlt; Carl Garl ichs, Project Manager Bastion Fi Ara" John oho A. Ali,xar der Co. 2 902 "A" Itedh i l l , Su i !e l_10 i�'O" i:. i 1 Ur{'nc;t� Avg nur.} (7111 ) 1c;1 ' 7c)',I ('!Kfl 944-•0?15' Oowl floyo !))' hinq Won , t:�rt! I.i)r�:;)t) ov 1'eiLh (.lark Col.:,t r w:t.ir�l) i.c)i�;) t'l i)t,. (;i ►.y I)f (:l)r'c)));►, #.; i ltlr)I•i'c1r) f�il))!; �il'_:3 tJ. " i�'t.f► `-t r'tc'+. ,'�,(i r,{�. (' `;f r';•/�t, t:),)'1t))it , �:�", 'al l:'CI �iilll irdino, CA 'l,'.'1 _.' iil? t'I l�. iil1 JIitlil':f.1,id P',,)i �.f,l. il �' i7'":,+`(, . (. lit' t`lif' it.'(I�. i1)',, i))' )►t` ►I f',;!Ii:al�r'1' �` .'�t)i,) ,. . i It�11 '1'tt ) � j.) '.''. .. `.tli { t' t'%�l I i r ' i. il)t•�'1':,t.ill,c' li,"�li�". I t ', /�;til'' � ''' , �..�i ''�1��1 � t"ix. `t i f 1l lr (.t:,i',I 111rt!!,. t•.r, ( ", A ijv R .1 'y r � ,.• .`J.f:'•-{aSr�).�'" 1p•t..r IF,�,.i, - �t r . .. •r r , Y:' 't i.LrlrMr .. ., •'n'�M*1G:�air9Wt�7''^ :.1•.rat �I' a •` •1:h.. ..i �•�..,.(�:��-.yam+✓ . !i�'�-�. 11r APP ZOO! ti b .y +•'� •!+ ' 77 ?� (CORONA INDUS i RIA!. CENTER) lammAmhLR I SA. L'P1 ITH OPTION TO BUY) (OR LEAc-E VV SMALL FREE ST-ANDING" IND. USTRIAL BUILDINGS p pastor,;piahned business; park envirronmenit : d Mpic)r, street frontage/+ sy freeway access 'Coiic.>rPte tilt-up buildings; :i -2 zone , �[ aNxie': IC o �bs W/solid, oak doors, storage cabinets $, r-Offeo b�r �. ' ' `.`' .la.:,.,1� �t;:•t ..+t�i�•t�: 't•+ t.'. ,j.8.��. •r. �'�(+`. . .. ,t... i� ` t'o � .�-,.�_.��_.-----�_.___-_.— -__..--_.-._...._.-_----•��.l1 . . : ? a.L :i atic. 'prinld r systorn � . S:vMt. ..41.'A.•�:'Y;.-., .'L�.•'F..:.I;.... ...t.........,.1.: . •it{'....{itw..... ,..... .....ir.i:!»_'�'. .. .r.. .. ,. ... .. ., •r.-t r.;i.,r�•...r ri' t.t � .;t 1•.•r,. K,... S.,— q'.i�t 7'•r•t•,�.•. .rt �. .�.. ..� ,. ..5�.��.--,�� —�-�� _......_..,......_.r...... .. .. 1" "02— yYt �1�y��( r a�.��-�tit' ?.•<�• ..,''. ,'�, ti '{. 1� L ; . . A k'1!.�..«L'...d.i...s.w.4t..�.tl.«...lc\:..... :.i. .li:v •�a)i,..a...eil,•...::...lr)'r.>l.[,tl.:r..err....':J.,r +,:ea'. ,'{L.._.. lA r.. .1 "�. .T.�+, �.�"Sir. ..• .,Wr}'%1 t f'w w} ;�/.A•`"'.'��.r�....-..1+r.•:r�•t. •r.•2.-...,r,,. ... .. ,.. .. '. ... . .. . -. � •''i' rm%�` te -Fkyl i«l hest.. ;1' '.� .i'' ;� w . di .r fly •"1 .1•:. :'. 1'. - .�, . t ... ,e tl ' 1 ' ,1: �tM - ,,'r + ,Mtirre .Y►`►! w�,1�+9.t �� F oo' . s t + S( ,�''� '_•��°! y'� t'tr'i{) s. �4i+� ,,7tt1� ,' :�' r, l tt 1fi1 ri'D�t:.ib tiUtill�;:f,�t,ii!',1� .C,Lf.)�:.?.,i+..:ttal.:La i..i:,i..:;.i: � •.Z•+ r.Y`� r t. :.. FOR FURTHER iNFQRfVIATrC►iti � �_ ��� � �� _.•._..._.... CONTACT: John Lw Miller or Danell`Parrish ANOTHER QUALITY (21;1) 4913-3050 PROJECT F i�tAllal�i�[MIEi_aurd'�.��.Y.,.�.w.,.e.w,........a.,r........_._ __ . .... ,........ ..•.,..•.y•.. ._rt�'• .r••.✓n'.rae�r•.••.•-rv.a�.w...e 1r; mv- PHASE [ BLDG. OFFICE LAND GROUND LEVEL CEILING B1a00. NO. ADDRUS SQ. FT. SQ. FT. SQ. rT. , DOORS C',EARANCE PARKING POWER TY —(III . ��n�y+,.n..•,ry.q.;•r'.«.r-...,, .1..r• ..i''•r'�� ', w 't' Z'EEfi.��11r c cj4 r`al �j))a ,.,` .yJ Jj� )tO/l' _�'�yL p�(±•'p{�• y��p�jj i(' ,'�• ." 1 .l�•y:�' ,Y ' f ,/ .F` •.'�Y P}u11�"" IVt`af�*'�IT117 ` ' .t , y4OOA1 ' �,,,,� ,• 120/288W30. J .t'.-`, u� ra7��F,��•. ,i. �,Y �jl ` /( �.���r 1�-tll l 1 0�: '�• �' ' yl AAA 1:.+ .' • ,LT, yl + ,� t c , t i\.7�.,.i' ,,` r".. .rl 'l+ �'J 't'• � �l:{� fta , . .S; ', � I'•; . 1, •. C, ,..' r•r,•'. f buildings stubged for-up to 300 ANIP3. f.r'�. .rei..xca �\:�. .� J;NR.G kt�'joi,.w•;�-.ti.:r. .., 1 PHA FINISHED SITES AM'�! LABLE FOR SALE LOT SIZE PRICE/SQ. ;7 LOT SIZE PRICE/SQ. f ' S i 1.46 $6.85 ' 91 •60 $6.35 t S 7 .48 . G.25 11 .50 625 8 , .58 6.25 ��� � I.C,'CATInN ANOTHER QUALITY PROJECT OF FOR FURTHER INFORM TION CONTACT: John:U. Miller �-�--� �-- "� W or Danell Parrish / aRp"h h (213) 498-3050 13., �'°' ► N ''r�,' Y( •r. ,�llrr/,�..` i t� .I4•.� l�Y�t�i'1k•S l,i •. •i.t.f t !1.• �( `••``•�xiir• •1 8 '\ ll,., f.j'.ilr4A•it: •^�t4 .•'jr ...-. '!" 1, .. .{ ��' 1 •�--.- — -^— �'"`��' 6i... �--, U.l1p rol Y!KY41 s wix wr t n `�` +1,�4. �('. '' .:�' lit ��i�t,.���1 /:• �. t•�� �,SS•• y ,�ti`•tz•rl., .,'{'',�1'�,.,, �! •,�µ'!, t�},,` ��r fIl``,•t '��J � 'tit,•` •�iy:;� „f., ct.d. ..r •rry ,t,��:.,�a .,mow t. �.i'. ��. .�, ,i '�^;' Ly'''� f +, <`r'� Y� r,•'�1 Ott', } ; t..;�t,r' �,,rf': •�"rc. ''�" .'{! �y{�7;•. 7� 1 ,., .i.�t�3: ,:4,�.�.{!t•'� � ,; 'li'yf '.Se{ ..tylw'y:L; ,'Hq` " 1.'�;�';n•1 ,'I1Rr� .,�.�'.t�t '+'�j,.: 1'�it�•� •5 �� ,,.1.;,J ',i�, t,ff�,, -;sp. jtl. +'t T �•t�r l(y.,J�'�tM'�' �?ti�+�., •f ,i.:Y.^arm «is (� 1 , k ,f rg Invmatim tfnt?•rei tivur has Vx+f n ectakncn fra n tJ>e rMnef of tte nrtoefTV 01 fron,nth^r"urrC tt13t we&Frn re!-1bv.A1 hAa."^���•`cr,.,,:1{ n. 'fl N `.1 l�r M' .�rl;�r,'` .t. '+R;7_t; 1 ' /r:.' �.� r r���•.r.�•1' r,;f(' � r � l� f'f7' 1 � .' .�, i" •�t ,`�. 11 r'�tf .j,',jti rr. '; .' :l,r 1� + i 11, I/ it 11,�`. 1 't` / `,�•I ; ti .tr/� ,��.~ [ ,!'r ljr t.. AY , f� `1,, I -- I . ` �'',, .I, _ fi' ,�4 11 •4 T I 5� ,,. a ill,?t' ILA��`�`y'.1 �'..`�� ri 111 ~, S 17' 1 L {J lit _ i, .,, Y ` r - • �:• �t+ 1.y'. ` `I ' '4 ' ,. . fV ,Il' '�,� f M r `•[i I{{{yL ,1., ,1.'�{'.,.1. ..., :.-� 4` I`. t�•'.I�. t`..rr. r; r .. }'`•r':� 'L.:: t ,, � �• 1 •r 1vl+r.�l .,. t , f. I , •i3.LU'L'iA •1�AM :'i'•/l'JII :S 1�11iMi ' nwMa1�1:•r111R ., :�..' {E s err • �-is MIS . i tir onrv. ►iO-11iti v � { . +; ;r ,1. "' ,I' ,. +•mot .. ` , ,5 L' 9 1J1 I I 1 ar' _ • r•• t. 411 Ln 1 do 14 , ` r s ,1 ,/.• 'r1 • Y •. , +fir 1 :: '• ` •� x � '•� ''' Go • �f a *Jo �1 i 1, cv i �R } i! a • /• . • w 49 Am two • r a i t rs { � f a..� ir5i1•.•ua.wwr r !1, I'`•��, ; J .r\ .!r t , (( . +, ' _ • � ,/ :.. r +I � , , ` /l .t.r+ Ita ,it 1, _ I r. -- f�! • ' , / ,• ti`:it:�,,t1Y `'/,: •.,•{�'i,}���ff�'�ii4�5''Jry r WM44�11 11 J 1 L i � i t ,, ,. r i• , Ry 01 Ai j. NFIeLD. BUSIN SS PCs :.(CORONA !NDUSTRiAL CENTER)FO�R- / L (OR, LEASE E WITH OPTION TO BUY SMALL FREE STANDING IIIIDUSTAIAL BUILDINGS t er planr7ed' business park environment ar:'sfireet frone t .)'eas E wa\vJ access' . 4'r, ,..�. � '�•. J': -.'r.,t•t, , :Ott ....�.»..�". __ ....-.�. ...��..---. �; , 24'<<� ,• t y 'It Up' bu:i in S; M; zone icesivirr's iid aak �oors, ,storage cabinets & cap fee bar t'�f/y�' K�,i'r�l'�;,.,1;/r'r1•,, ` :.:I�rtT.rf!`;1�:' I e"` .' ..._. + t i«•� �. r'.tI M/�'• ' r 6 ' 4'i;;:`,� ilr�'i' .:1! r,'i ,r J �. '24 r �.r'.�. 1 t '0`finlr s.tleyst6h! ' 3.�•r'i� t.l.:Ltis; .U�;:i;i..:i't.�;:.:d.r.�+.. .:?.:sr.{...i:.,`,r.`�it..'..r,( t r• '•,yf �lir.. 1 � , k;1,,.�'t, ,1'4 � j;f tµ�,ytt /u'�:��+ l , ` ,r. �! .•—, �VY`' `'. ..•i , .� al�r� l�.'l:lfi lr')ffi:.titZ .%.St1l..3..:, ,,. . . •t i, � ._ ..l• •1t -t ---- ..... 'i1�'ti�f .U'G:i'i'�iS��r v!,',Jl., •.(+•O. ,r •. '•;� t � ,�1��Tt:�,(C;d t "',! tl,`��,I t. FOR FURTHER INFORMATION �,.__ ,J: '.;, _ �..'. ::ur.,C,:..,:�lraf.'.�.• r�::ac:• SAL EASE CONTACT: John L. Miller or Danell Parrish ANOTHER QUALITY (213) 498.3050 PROjCCT OF ' w i ( , '1 { WIN1711ELD, BUSINESS Pc PHASE 1 r: bLDG. OFFICE LAND GROUND LEVEL CEILING i BLDG. NO. ADDRESS SQ. FT. SQ. FT. SQ. Fr DOORS CLEARANCE PARKING POWER* ^:t: 7►ij�; �vr .C'1,1!�:�r:��'':�>-! «: ,.. ri«✓(`.'•.•t.,'vi v,.rlr,.a.�..� i- •' �' �v4'i,�',r�.r;'.r�...r1t`.i.• '+:ij7r�'t't,'..';,i:`+''/ w.[ y �+ ���. •LiF`'�'i+R 1,{.f � '.art ,_ ,r � 1 + f�' W +, .+�! ���.�",�..,., :h=rt•° y} •i r �+'�:J�Y.r 1 t,(/r��'�1/t .(/�{ :+++ti►►►��`/y� .'t rit�;'�11+l.;,l' 111 ,�f l k'�S , i.l :; :� �•'�,�` 4/I s�•:L��T''� '� `t `'t 11TT � ' t i� i �fjr :j,:i;t.,•! ,'r1•!..r_ :i,..`.t�.,...•,1 ',., aJ;..•�' 1{'.S t,. l 1 j T•,.' :1, '�/�h 'i'? t� rl•S i .ti� a •�. ', �Jt ,�� r,' �, •r;.ia-/ ' 'r�, r r..i;i�Y �t�� ,fr.�,�,� WnAl'�_P!;I*E'f�Ii;, quildmg� stuGbed for�.f �a 80Q'AMPS; k PHASE 11 FINISHED SITES AVAILABLE FOR SALE ' LOT,st SIZE PRICE/SQ. Fr. LOT # SIZE PRICE/SQ, FT -$6.35 9•.. .60 $6,35 .30 F:75 0 .60 6.25 , ' .4 5.25 1 .50 6.25 .58 t' ' ' l PRO.SCT LMA:Tlt7M ANOTHER QUALITY PROJECT OF 1� 'FOR F,URTHER INFORMATION 5 CONTACT: John L: Miller �=--� or Danell'Parrish tow c V131c�` z (213) 498-3050 �� ,+, 5�.1��f 1.C.'.11,�.,;.t .. `'i/l It"..L+.a// ' �.�':�''1'r• 1,'''. ..r,: i r N ±,' �L �',•,:-j '' eta'�4 ,:.fir"' �f :j` •• ,•}r r�,rgprrpt ti►cn:r) � � , ryFry. x ,'`,'^,',;l`,tJil , \�\'�`L�'•• - ti / •r\ ,rIs ,y '{, "h.�,.kr• ',t': ....+y '•' t Iy31t a:.,;'t+•7•li;_.+.. ;� !}� :'r,�•rr,'' �.i4f' ;i, i+a'''',jy, la1,y-it•.� .',?•t „' %aC .i..•,t,r_�:1 t�. •hy.°a �_,'�' '� .'T.•��+�,�........w.f�*.«l•�..�.1'.i `��k � �,ii�•.'y6':><•'r1� ,.:� �!i 'jT'�•i'i�,y•�":.l'',�YT' r ,., 1 IN/evnisffrtr,rnrf srrw{M1.:n hn.Mv....i...,....w l...,..,.w.`.__.__..�__-____.___.__.. __.__ _ _ _. ........a. 4't .7 �1J A °7' i i 4A' r a r: , r J 7 j ,. !. ( r .•f t � ,r ,j�\ 1 r r t Tyr:} ids '. rr .r' ,� •� (, f, ;r '' r,. (. ,',,; ', t(A�'r,� _:y 1'' f-r , t,�t '(,7;'f+�' � J'#r > eti ' '- f :.. . •' rr' , .t r !ir:. •t .��;(•�'i" ,w:<;• t 1;�'l�t, t J• r I r t' '+t r :(� �, , _ ( . . •r tf r rt f _ f 1 r 'rlt •'f ( r .} ,,' , •,7 - r :",r tl r' ,f! 1' t :7 �f(;iAF r•Y ,)'S t ' �S t { ,r t r`'tt +'' .i!•/ r t }• ,` _ ��• / S `' '. l r} r r, t' r�' Y..if;.'Y .�. w/ "y ,r tf.` �' r 1�:1 t±~. •• .�tJkl J • r . , S' .1. -,.,. • /' ,'i, ,, .'r, .. ;t, r ;i�, ` n, I�1 '!y,W,a .r,� k , r't,'\',y+, A'�1 r i 3'r? }• 'i �' + � i, •ti 'yf, .�y �:.� t ,4� •j t i !"'�'{r! �, t '•lY3 , ,i j.,••� ., r ( . ', .( i!'' �A .I ' t f '. '.t ,,f ( + '.!t. 1 f� •�'* i�` 7}r ), y; , � ..+' j , r7. .+,,, r t !Ay .rr. •( t t t'Mi.+Yiil�2�fr,,{L1e, ',r,' •t�`t:'• t„' �.... Ji t s,!",�,'1) : . .. " (� , 1•,��'1') AY... 1.., 7 1. r ,, ,( �;' ., ,.. .... .:r. .. ':h4G 'r • •' :• '5,.. tit ': ( ,,. t( •1'.•1; r�r!,;'• =t �./wf�/J••.•�i l _ r .. � 7 — - ' j'r( '�i Ju]yy rig �: 1985 Mr . Dan Oren»ari }, Real ='proP'd'rky `Manage'r A (., Cif y' of. Huntington SeacY� '2000 M 3.n 'Street #untingtori B+�ach', `CA 926�4t� :1 Dea• . Din r t4 ,Aitache'd.'':i,a a copy of, a site plan for - the Talbe'r.t4S'6ach Indusstri:al .Pronect., It delineates two possible al e ',. ., .. , L• rnafiiv.e,�,.� 1iirat ; ,'thi. plan ' reflects an industtial park whi6h,J) has . . na�arltt 72,0:J0 Square weet �:n leaseabje-.space; '2) provides for (' the , �continuatidn ' of:'' Reabndo ; .Circle and 3) uses builda•ng . orientation � rand a heemily' landscaped buffer ' to . screen the ' ad a'rebt senior"housing .pro3e:rit from the; iradbLitriai ' site. , The '.' second' alternative maintains the aame .' basic configi�ration bist ixicorpe:iratea the prc�nus+ �' •`City. School bisiticit�t . bus m�aintepance and i�torage facility on the northti �t coriner of. the a3.te mide' r the a cond option the , .private1.y , .he1d, incuistrial - space would be reduced tp app�r€�x'imate1y. 52 ,500 square feet. As r di squBae'';f:"With you'' previ'ausly', : we are willing.,' ,ta ,r> purabase' or, 'ease 'the site from `yoL and build out 'the pro jeot ,�. . . , with o� wathout thy: Sohool 1�iatra.ct acilitv:; 'However,....we 'i o he3 ►ire that, 'the' c3tiy and School' Aitst'rict �coul'd ' derive is bstantial 'tbenefit.i° .from . a cooperative venture 4i this po3�nt ; •t art,:.Lt,irfe xhach might inc�.�Ydet: • ' ,Y, 2 . 'The City would gain ccntrol . over `thy 'city pool and gym ete.,. 2. The 'Cifiy, ,could , sell its four lots ' south of Palm ,at E. s. price of appraximatelly ` $u90, C00. 00. 3.' Thy: City .could participate in"the development of. the `wesidenti'al isite' adjacent to the City pool and' ,gym. 1, 1 1 1 L• ,', lyf•' 't 1 = , 1 t , r {•r•,.t a 1 t ' _ fir,' //r f f''j�t. `i` ,,� / 17rk r 4 , rr. 1, •f ,f,"^rt i ,c' ,! ,197'; tii' a' : "' it j: ii�� +I ' 1� � rl t I '1 ' 'i 11� t: r r It. '', !, , �� r r. ,� ► �, ', y + •t ' {1 I f •/r. .,, r't t r !, t r ,, ,t,� ;(R j; '.•�'?`I 1h- r ! r t1. I= lf• ! J't .i J. } 1. f 1r' rrl`lt S, ••r r' ,1 1 l ".r ''•I �. r 'rf .r ; •^ r r r . ! .r / { 1 r•-il IT` , - .. ,. 7` r' ! , ,In i; / r � 11 � ' �i ��4 i' .<7 ' ,* .i '•.t1 r . 'r rf .. I. f i . , .. ,"1 1,' ` .t` N s a ' r ,�"'•rr�'it•, r 't•.tr, '': fl •Z • �}' t i�•, t�, r` t' i • +'y11.r,� i r• r.' •1 ''•, )+ dr 1 c , , `Cr• �wlr r •t1 't j ' `t 'I i = St rft . +V'+j"Pt1r.f' 't 'ta f t r f f 1. ',:r •> ,^'r t ' I (! 1�� • •yVa'1'y'1~•'"•'r lr ;t^rr rl t.t� t', � e` t r'• I Jt t ,) rt 1 r y. .r. t: ,, v�'.f :• I=• 'rt tST �1f '• ' lf'!ti t{/ •raw-v5'p`�•`I"� Ji •r� , r , .`.'i^r.r,f t r i, t r. t } , ',r ,�f Y r !! :!j i f r r if! • r !' 'a r Lli.t. . . {i ✓d., .'t7, .. , f3. .r '! .t .i 'f . ri' ,•.1 �' t . ,. .1 . . . .'r •, .r ! .. .. .. . 7 't:6 -r.• r t,E• ' �: ,i fit", i. ; , ,,f` '1+'r. rr � � i` t .'t ''`; . ,i,+ 1'v�t i.7�r •{. .{ t; r'" ,t ` A 4. The Schvol District, gets a conecilidated etotale and maintenance` ''''facili.ty '�whroh voulc3 eliminate, its., y37,00o.OG ,se:nua� paxmQ`nt .fur l�eaaed fah litieso 1 ,, �• .. t .t. j ,t�, ,C, r' :r. , f ,' , ,r ,iV l•r 5: The chool�{" buses would " be removed: from she Townlot reisideAlal i4ig`hb ' ' hood. 'l j pnderr : thi'e cbop6rative approach, thee' overall. financial., , return , to the City/A enc�r youl;d :be ,'moon mare than , under .,just ,r, ` • a ,diliiact lease or sale of the aite: For :instance, asstim ng ai $7.'50 per' ad fare -1 Cio purchase px�i ;fur the inftst.riai �Isi.t2, ;,Jr the ;return to the. city Would ' be approximately '$1, 633 i 5OO. , uisitio'" a.. roach. under. a , Coo erative under iaa, Atr�►a�ght q , / pP P ptogxam .with 'ut aiid . the",School District the : economic` benefit to,.,the" Cit''/Agency could be as follows: 'Value a€ school ].and conveyed to the i oo ,f rt.. 12 5,52 '000.00 pity (4 ,o " , sqd. t x ) , Val a . cif 'four "Townl.ot parcels._.; t 240, 000.00, ' Proceeds from sale' of balance of malbert�-Heach Site 1 , 209,C00 bC` Interest In School District, Residential praaec:t (50% of .land value) 4251 000.' 00 , $2, 426,OOO.00 r t , DeFls .fast to contuct' bus maintenance. an?E ~storage buiIding (17 ,000 sq. It. x 25:00): - 425,000.00 t: Financial,"Benefit, to 'city $'21 0011000.00 : . If 'the . School. Di�stri.c`t residential pro jest does not, . for any••' reason , , move .Iorward , the -grograml is still. baisically ' a brewh even meal -'fir ` the 'City;.,,w.ith the 'Agency fulfilling its, " commitment to the School Distriict to assist' in such an e.n&iavor., Under the ,.f ir�st: alternative, the asti'mated value of:-ltaxable 'improvements .'and eland would , be approximatiely t 433r. +a0.00. . -Taxable- improvements' and land :: under . the M ~"' 00 the ;an-. { second approach Wou�.c� be appro;i.mat'ely $2� 52"l ,3Q0.. t ; nUal tax incremie t loss ,to the Agency of approximately , " fj t OOO.00 could: also be, addressed in , the program. ' ',As indicated in.. our, previous submittal and presentation, we are :wiling to . either , purchase 'or le'age the site at fair market value determined by ' the approved .scope. of. development. ,1, r it' �, .i. s yira, 1 � r. +• ,II t f y fI^A1 ,I: tl. �11 •r� •r�, 7=it .yt'li.yfis., �+y a�r ter• :,r' f�,! �i',i ;, yr •' t r yi ';'; !i t ' V�•��"�,rl��gg�tr's1!!-}ilS I!!:t ! , t.}.•y � -r f't1 t•1• 'y,.1{{• y t; t Itr� e S �,� ', i ! ' `.ly. iJ.. •,' _ `! { r ',•' }r ;•, jr/1�r7s5! s•iy r 1 � yt,s }, 11 jd. t -j! i• ] + I� •� t '����• t.. '� + •t` j l t rti fj ' y Jqy !r 1 j. r lr + rt^ S y •t l .� SSJ + ,• l.}�' 1 •� i r r .y, t Z1 I' ,',t f it irl ` ?1 yt1, r � ,4 +1,'YI ' r � •( 1• ..rt. .I 1 s +lt.{� �'} l Y • y t 1t .. '�'� }• ,,t. j II y � r.f�i' t,.N ; t .: S�•tji� !-.'; `'1/ tf j °rr .3 y r. .y ,, �_ / _ t• y/ •A 1_jl�i>,r (. 5,, 1,. = r � y s 1 12� � t tr f � t t + I J.e �� 'r + r/ 4` fill •t ',l.. ' 1� �•S y Jy t .1 . t s; � 1� r+ t J ?1•` [}, � �, .r 'r .) rJ ,r.. �� �r+11`,)l, Ff J 1+ 1, , ! j J ! � r , r tt {. r . +• r r y • ' '�r�Jr 7.+�,5. idlivey ' t •�.yR,;tvft....,r• .. It 4 •1yr r' ' (( _ %� t { r ��• �i .� +�f' 1, 1 ` 1�, r ., �� �-• y rr t{ ••yy`J,II irt'f,j t iE 't."t � � °�t+ -+ ` tt i, i�, °� s•f•'s } `+I r ,t` t. ^r ' t `. IS• J J � ` �f I ' 1�'! .rt r r 1 f ,�tk•i. 1 ,,. .r y , �. .i ti, .t1 1' .1 rar ,' ,� -� t 1 � _. r ,••1 '/f1 !i`I.y,'f.v+, r3 t - .t ( ,, is 'y•' -1 :t r l �r r+ll rl.. r y s G A7 � a' i 1 S t y ••.,, - �t, r , 't �Ip. C�, '� + r , t i.. �ti•.,+iW�{'1,.7�yj J sNi�+yt�t) J' +'�s. dr :it .�.,, .r „t. 'i.y i Jr• .-t✓ t i ,, + s. ..�'..J,..•.1 a.•.. . ,'.t � .. . 1..4M1 ..�.• ....i��'•r:r.:awi.Ffi:i.�h�..L:.ii.::iK:ll,.a:r1�:�t:e:..i..,.:a��ir..Lr';.L• ..a,'.r.+:v..t.i:�'»i s�.r"'i�'i,'.r,� �. ..y .:,r z... ..,i,.,..�:.,,.{,v. ' .. c , � yr- fr 'f �1 y .'r,. r1 ( ' r t , '•t r rlr. J r - r. - 1. ' fj I 1, J!am. 1 � • ,.Nld Sohpol , Diatr#ot . pragiramra Ir'adaaffd 0 We . are willi'l : to design kind':build the .BchObl District mainienbnce ,aa�d, ators�e y for. the Agency , and Soho{il'-. hietrictt.,our,. cast. We. would Y#ke ''t.' h ''e 'a W-day �z0,11 `1 'negotiation peril to'. ,. . .t�i�nal te, �i plan; aith��r with '. or ;" ithout the./. School Dizt'eict jr cd�rponent'y and •'to firm , up` 'ttie '{pra ject scope cots and fair ,` market' land. ,price. :Diairbig ' that''p', riod 'we': 'would meet With the School District '.to thoroughly asses s -their needs and- a0proach ' tha owneres of tt�e �uriky cd 'to + the north of. the ,'site to assess •the '.pooeibility , of eipandl. 9 the. ►ro act . 'On . ,the other.tha►hdi we are ready. and',,willing , tp .`proceed immedi�itely to ;aeve�2op the ei t ae aho�rii on the ittache'd rsite IIf ��',• �p.l�in•�Vund.P.r the '•terms of our '�fnitial surmitt.al . '4S ,ir We, .".' ook ior'ward to hearing- from you. Sincerply, ,•" , f , i�•, Richard Schwartz J . t RS:dba r r t 1 ' 'f�l`1{' ' , �� i/ f"j' r" ••' ' .. ' .. �'i.t 'r ` ' I 1.� ; .{f• t .I ', t,J,`, •' �, it �. f r ) , ( -� {� ;r t r...l r.�' .� -•{;i :`�;t.t. !.,,t., ,.. ... , ..,, `.' . . ;1. I. .. .. -t,.. •� .. ` •.' .. l t.' 't ,. . . .�,4.:.,'L. ! • • • 7`-UAMb ' :tot• _. ' .,. ' ,:'` (2131 587-2333 May 15'.. 1985 Mr;.: Doug LaB6110' . •City; R' development Agency 2000 Main Street - ; Hun+ing on Beach, CA 92648 ; 1; Dear Doug ` •Attached are five' ,ib 'ies of our pri�pasal to 'develop; tD�e 1 Talbert- Reach ., ,,Industrial , Site,,*, and the: backup information which `sass 'requested. We believe ' that' our proposal ;offs=o a 'unigiae opp© tunity' to not only bring about - the development of .the, Talbert-8ea'ch sate 'but to $actress ,other,. city :and sch aol, cii.intrict "concerns as well. HowOVert 'if' for 'any reason we are 'not able to proceed with the joint development prograuts an generally .. described in the . attached document: we would : he ,wiil.ing to 'proceed with the Talbert-Beach Site on its` own. Therefore, our proposal offers three alternatives , for, :.your consideration P.€�. , & M. Joint 'denture would work 'tow das A. ny up ,; ..a- joirit' ..d.evel6pment :..program involving, the 'rites' } identified in the. ' attached proposal ''under a 90-day exclusive negotiation agreement.. , :. or 20. P.H. & M.. . Joint Venture :Would consider devoting , a portion of tha` Talbert-Beach ` Site. for. thy; School District Bug. . Maintenance , and . Storage, ' Facility and construct , industri.al , `build.ings on the balance 'of the site. or 3• P.H. & Mb, Joint Venture 'would construct industrial buildi.nga on the overall site which would be f6r 'lease. It is anticipated that'' P.H. & M. . would lease the site from the Redevelopment Agency at an annual cost which would reflect, , at a minimum, `a $7.00 per e'guare foot land value 'Y , ., ,. Sr. it ','.:+' ., .i.,.�`. ' � .�'. I''' ,,S i. •� •jtr t,/ 1 � `' , `.f ' ' � Ir ' .r. II'' f r. ' 1, ,r .. % .,.t t,l ,! f , • ' , .t ,sj , ,! �. ' fi':y tire. S ,'lip . ,• r ,�:; ' . ! . ,1 �Yt Jif. i. s`. ', - r` ' tom'•, ;;'. �•.f .'!M , .' .}•R� Y SrS f,, t.1tio ; q r .K 1.•' ^t ofi Ir ,t `}1.:�'••rd• 'i . 1'. r J -!. - , r ,}� ,.I,r ,rA..+..•Yiir\.y.' 'r•' t757 JF, I i-,•l,•.rl. sY r rs •t 1. ,. '}`;`� ! 'r,i�±.•�1 1 .', � �a�W 11!� .1 'rs • i ,r , y ,S ,s 'r , ((////� r,:skd r' ; � i L 1:er�N•'.7 1t7 ',� ,. rl JJrS�,- 'r ;` •+•( 1. •1... t .. + r ' ,r.•, r ,,, , '1f `L'.r, ' , " . <r .r'j Fy�„�1 a an alk � `l4ase rat*.' The 1erigth bf ' the, 1'e""a®e :'should !�f a,t 'leapt f0 Y&ara�;,w'ith ,the Impa!'Afic :teraie` ;b*i'ng n+�gotiated aft e, tho' basic'. praaram and 'plan • is •e�eitablis - d. We would al'eo k 1#ke `! t`o' ih' oi�porate,• an' 0 tiou x•o ' purchase the a�.`te -i`nto the agree®gent. '. Our 'pi 'lliainari i.analysis: 3ndicate's ths,t. at a miniaeum,i; ` the• iiite . 'cdOld support Sol 000, :acjuare 'feet ir, Ieai'seable in�iustei'Al apace' ha�vin"g �i' ' a ur of appkc�cx ia'cely, $2 400 '000,�':, •j; plugs 'Xanc7.' xhia' 'is based on single stony, r�on�ret% anti-u , l�u .ldings vi.th ,appropriate buffers - to insure carapatibilit with ;the a�djo�.ning 'resir7entia� neighbor. On May 7i'. 1g05, the 'Huntinoton Beach City Sehciol + Bfetr c't ' 'revie�rad ,, ' the joint' di�velc�pnlent propoeal and` tY ' r' .' a�uthn'rized P.H'.'. le M. to 'incor poirate e th co'nce t .:ito th�.a (. �eapc�nee : to yo►.� il :F:Q. ,:i�e ''�ook forward, to' �rcur ' ralv�eW rarnc response do this uni4ue: public-priwaate' cooperative effort + '' lr( ' :Sincer Richard Schwartz '. F.H. M. Joint Venture R.S S dbei'; enclC�sura s ; 44 }`•'7: a'U,',tY� ':r. s„1.':•(. .s r' •,.. :, '��.' st' �. '.. 1..'e 1�,,!:. t"". :f •Y.: lfs� <i�'i'Fd�f' Sflf�,1 t •` t a'n,' ,1 ` ,'I` •1. J f< .!�` ' s ' 'i,' .t .!•,ti •r tylrJF�'•il. 1 I r•.. t- .. tF,.+, (1 +f •. ' 't. sty Y.. - 1, � !, 'Is � - 'r� 'L � t''1 •`, ! •i r� It ` 1t`�; �r. y � 'I ; 1 /`�� � 14. � �1 +<• ; ` .. ,' �1 .r.. P, Qi r s,'� � t - 6 yr// S ,y! (, 'f' f.• It `�f','� 1;4 N 1,,1.', ({ 1' t, ,,E .' Jr. ..f •'• .t r'+, .1 ,`.� A s f ',' yr. "� ,t" ' t t r. .. .: 1'• �,. - � �) .,�.... • ' t r•w•'1,. ;,..t •,,•, � { 9 t i t f' ' r � i , ,t �,1ts, t' .' i+i i,,,,.,,•.. oe •:i Iil�.' .;.• tl�'. t,{, `,rl.`� �.'r. 'Jr 'w' 'Ik- f� i..� t I r r: ��r ,� r t 1, V'`!t• ,� t "; is r {� .•, i'; � •. , 'tt 't' is ` ;, �'alberi�-$ash Industrial Parcel ,; p -Huntington Beach Redevelo mat ene 1 ; 1' IA :PARW NAME: -,.. ,{, Pon* fi M.`• Joint Venture* . � • ., ADDRF. s ' 3�2. Main Street t;l Huntingti�n .'Beach, '0A" 926 8 a CONTACVPLR50N:,, . Rf chard Schwartz , 'r PHt l'�E; 714/96fl '8544 It Please':att ebb"lnformttii n"an fi'rm' 's'prevlous experience, finaneiel status, any] loeal, ` rimers Oes Oefiiihees will be cY�tacted). Jnclude photos of a .tier projects containing peoduet'tyipi ifirraileur to,th®t''proposedt, t PROPOSED. PURCHASE,PRICE': i OR,,:EASE TERM: (See: al.ternat'ives in .letter snd` 1"1ESCsRIBE TERMS: attached,'report . ) (include pr.opcksed lenkth of escrow: ) PROPOSED TYP'E,OF,,USE:' ' Industrial School District -VALUE.O (PROPOSED ` IMPROVLM1�A1M $21 ac�a,floo.oo .r.......... s80,:000 squart foot con'c:rete t Lit-u�. (include,anticipated square footage to be,eonstrueted and type of coristrktion) DEADLINE FOR SUBMISSION:-�4:00 P.M: , Wednesday May 15, 3995 t: i `0324H � ' rx 1 r7. 7' ,, +. t ySrJ ,, [ Ir�li � 'A rF' � ! u •r't:-'� '� J -([, i }f •t� '';,•'!,a 1e±rjt-tl'r��.1 ai. lr ( f 7 i ` �'ti � ' ir, '� i,� ;i••���. I'��t 1• t`fl '�k ' ,+ r y .}.. ,•i +41y)ip't''r 1 Ff •�rt f ! ,rf�! + !4 j 't 1f ,.f ' .' � + x t •r, ' .l. t t + •i 1 ,1.', t,. 't i(; �, /J c' f.1 +' � I,f i r .. r. 1 r� rt••Y• ;fi' � { r'r l' �Yrr.1 f J Atio& -' .:1��`r �` it ' i J+ f f' 14 'ri � C �re ,,tr�' �- •�J`1 . 'f• 1 .. �R14r. ..f#�, r � �+�''iS f,. ' � 1pf• J,J �lirl.�rj, .'{''� 'i: ' '` t f ,t'� '�'�4� i t ,';iSff•.t' r ti� ,1�r,.( r ��-€k � r!<rr r'^• Pt�dkt'F 1714j��' 6''.tt !i �f ��r L+ '!t t lat ict f ,Y. I'.J`/ !il .,Y, S{ SrJISr l� J�r�. 'fit, �,15. �tarllflr',`�'SiS.J J 1 ' .1• r� �f: r' r r. .',t t r :'t}•� � � ( 1 !J- 11i t •i ( �'r� -1 rt•! .�� SJ'i, id t. Y ' (1. .. 1. •. , t � 1 a 'C- ' r. 'r , , � 1 ' HUNTINGTON BEACH: `CITY SCHOOL , DISTRICT, 1^• a� f,. _:•,,1 f'J: i{, w�+u`wttr/.w. , . � t. ( , � "r ', pop of gt. Cit , ,t un n on -,eac B h ' tf 9' •r r ' � 'r, t ( r� ' t I 4 '' t trt I 1: ( 1'. ' f•1 f :r 'A PROPOSAL FOR THE JO I NT DEVELOPMEI�F OF SELECTED S' TES BY t . `Pf. H. & M. .JOINT VENTURE 'TO THE 1' 1-lUNT I NGTON BEACH C I TY, SCHOOL D I STR I CT- 1 , t . AND THE C I T'Y OF HUNTI NGTON BEACH . REDEVELOPMENT AGENCY .r:.'t1:r 'r. /) 'x � {t r,l. '(vjlJ_� •,;1•.�{`;�:4 'i a i ,. }. ,. � icy :,'' L.-j vl ?,,'1.,riY�. �., r ..i' t',;•��r r.. 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".` VENTURE :TO :THE HUNTINGTOMt,REACH , .�� .lit `'', ` 1 t•f !) + 'n• ` ` .�" + •r/. i.L'4.r ` :.;• „ 'i' CI'TY' SCHOOL: DXSTRICT AND THE "CITY i 'lr• ti' 't'•l � , '. '''.r•! f . rj I ` .!'./, 7...,+ !' � ,. ,I - L , .r t ' CIF h1JNTIN ' 'CN1 .�1 ' RE�JELOpN:ENT AGBNCY' a , „• tr,i r,(L'' ii "•! `f � rr •rlr(. .. {,� 'r r )�. f. s r;trr i. .. •t't. 3• i' . S. t,`t. { it t � ,tr' r •' :i f �+ ly, ;?i', t i 7. . a .'r•re r} � '! e . 'r r i (r ,, •• ` . , n/r,.4,i�1-st�+`' t �•t•. ' { i .t' 7 �' 1 t _ f} .. i �r.. ti May; 198t5 i Con ac r Rl.chard Schwartz 322 .Main 'Street t Huntin'gton Befach, CA. 92648, ! r+ phony # (714 ) , 960--65.44 ' ' F,/ t ,•yi�}. f. ,,, r. `,, :,; � b...,�.�r ��;r Y"l.'J'�f'i�' '11�:� t ;� A7 .. ••JI ( J` ;Ij:t '.. t', 1�r, ��,'i[�Y r 't• !•, •r ' j��, r• Jt t. t �L/ 7 \l,,�t. 'j�'1 rt. 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Z. �`, f •r� - .; t• Sy. ,. t�1 ; '�� j 1�. t ,1 '. r,. I I� ;1-. ( t r ..J.�ttr rt .! r} ( 1rfr 7 't•• •1 ,�\(i: ,,+t�r•r+' . {�r�' �r+r•'�`�'trl'�5��;'�f�r,i'�"t,�t ',f''i Yl. 'o�,r fi ,� t,r'..,t :., ,t ' r ' ' c+ `' t t Ott {r 1 tr �' J r t. {, i f �r J{ r r f. J,J},C• t:',.�.�1'J.fllo.+J,:�..is� .is••J,�a.,:,,,f.t.. nit!':_. ���}.r,�� `111.� ttr Sa•, ti r 1`.; '+ .S. Ai,. .. ,.t:�J �Y, t .I 'I,r�. P. . ._, .• ... :..r ,,.1..1r i'j• ;'�.t r,,)' ; .t c t:� '• r , t f, •�t'' { '�•� p1; ';� r ': � r, ,' rJr.. �rf)� (tj/ +� •'` a v •ll t •t ',.1 7l r f' �I '� t' ,_ r� '� 'r 11...,.E (��! .i { ' .' � f •t/' , � ,. '' { t� t .r I �ifr} .4+f ' - ''1 1 ' . {r• - .. �r !' . ry t ' J , fli ri ' t. r' i'' .I t. t . . ,' ,• \' 'f r� •�,t t,, �f '� �; t r,'1', n,. r -�• :r.• .r rr •�t t ,r, ', .,.' .r i r� t t• ' t,`CNTRODUCTXON''ANV 010T Dtir` n'g :the'' publicax�`'h� .ngs can tl �`,`now O.Olopt*d ��,S ri�f(i�`, , ttr 4 r: ,_, .. ,, J. • ->';1. r' '• ' ' ,' � ' •i. � .. redevelopment p:Iar�s�.r the. pity are :ved cvtttrr�(;:e'r from, tY1�4 School'.'Di Strict-,concermir�g .the 'p©te.ntiulr 'adverse impacts bf Ac 'ancy activities on •the 1 istrict ' f i.n anc1, 1 Miit'a t�iuts '` . ; ; r While nor fcrtrial'ragr�:ement was a�eaichad at thl�t, tl,ztte,. it* aa� `U der tc ad `th$t the pity would work'"with tho School. , Jr, r t + ..t t ,t.7Ie ;�. .•. .I ..,,f. _ rt S .. •, - ••t h •.•` ... .i ' Olate` in {an .effor.'t ; to i.denti.tyr Ways, outside of A . t '; $taighit ;peas tlar.oug!i `of frsixds, 'to' •offset: ,any, pafant;l,e� ' rrl loss `and'`at;::`thn :same' time re:spoTid ''tu other School pi�trict. 'nnd 'Agen'c concekns.' Cit• ' 'aiid Sc h of ;Distridt .staff ';t met�rbers 'have -been working t0'4ether.,' since that time in aura `idQritify� 'arid assess sorie' possible' areas of r ' 1( ,mu tual in, dr, eat. ,, It, is' believed that .this .ptapbsal ;fax -a. joint development effort betWeen the Sch061. .bi.strlctf City,,' Rec3etrP16pme4t gericy and p.H. & -M. Joint Venture , w.i,'ll help, f u tg111 some common nb actives . and have sign'' f i.- ` i ' ' t,,• .. lit' �, ;pat,} , F. t, 11... t .. ` : tf c$nt;t.economic benefits: to 'all -those involved r, Membe.ts;,,of . the P.H. & M:' Jo{.nt: . venture •thereafter ',. °t' r 1.tI� t' ( ' ,' ' r.i •�r' 't 1/ 11 referred to, s P•.H*& M.. ) have.' examined potential development opportunities which' might: ` have , 1TIdtual benefit {and thus wirra.nt the establishment of _a'. cooperative program:•. ..,Tt is felt that. tI�`e 'mvst,�prbraising of such endea�rors 'crr�uli 3nvolve>I`rel©eating ` the burs , mAintezivnc�e and .'stdrage facilities ' fresm the;Dwyer Scl1+�ol site through a property ekchange with the Redev'el:opment i • 1 , r. 177 1 lit Vlt It p Ov f Vl 'q Ji C (;t w e. IV oumltb it Agency ,which Wbuld -Ir ido- the f 01-10wi rig benefits : Frees up' a- comparable amount ''of land on the, . Dwyer S l C h'a.61 .' SA,te fur:'. re!jidefitial develop' Ment , U t P rposes :W*h i h wduld. getierate a s' ignificah la 0 hnua1,,*,6i',sh' ., the School. District. i 2' ' . R;Iiminite' a" the h4ed', fbi the School.. District ' 'contihue to i4ase st'o' rag6 spatei. at an a.n v.u a I cost 0 f J;000 36 Establishfas .the mechanJ :gym:gymf or financing 'the ity s renbvati6n of 'the - City Pbol and Gym f tkciility acid the permanent use of the sime 44 Leads to the imane' dia_;�e , dis position ' anC, dievelopmcnt Cl t-f the Talbert 'Redev* elopmekit Aree. industrial"site. T We ,10-11ev thait . this approach has greateir promise for t the bus Inaintenance ict than relocating,,the ..SchocA Dist alld, storage,' f ac" il i Li es `for ekample, to the Sowers .school 0p�r or ty f two -bg areas o t sicns . First, in addition o 'the Ce in closiiig this sch bl, you ,normitl issut§s YOU MUSt fa iO would 'be 'iritrodur.-ing the new concern of establishinq an �n dui str L, ial:use in the _ 'esidn-iitial ' nc,.-i4libo'rliooe' . Secondt,, the: portion. of: the Sowers School propertir proposed for Such At uqq, Wduld, ,probably be mare valuablefor resldcntial. develop-.t: mant Ourpo:ses as r.a ria p a.r e to 'the indu.strial tise which could be, ei-_C�Ommodatad 91sewhake. And, f inally, vi th the 'recent rtyM __M '4,'ditiP 4 I t 4 ,Yt: �,r! Al;11 Pag ' 3 I k issuancs thd r6que,st pr oposals,roposals, on the Talbert- ' , f a u 'strdl 1 to a veh •icle i 6 ,: icl'e l,lias,:.'b '6n establighid.',whi'c'h Be ch, ind op' p" tor 'solve. s provides4n immedia..t ortuhity- 1 omp.-Im4tUal Ci t ""'and ,school, District .challeinges . and at, t , e JI to 110A) �yi 441". V rA 1f, S.4 'PROJECT CONCEPT S h 0 a s are oc TheD ryer ..acid Smithc 0 1 '� itei ated,41thin, f -'t,ei'A";'identla hei hbothdod 'a"i sh-04n ii the z 9 0 h oninq map;� Which f011043 , The U'J, jjj'J'Ji ark 14 a a are ftdt with c rhac I ' 0 he arrma_ nor do*�'they,..Complemeht the recreiiti0 iia:l ,'or. ,n iidatib' onis' j�6j` nal`� f uncti g. . cbfiducted ' on the propa'rL n A d d it 16 nthis'. use pies .land which could be converted .to an extremely valuable residen#ial' site. , ',Theirsfo e, tJt. 1s. proposed at. the�se ficilities .Fand , t. ., ople:�riti0 ns- be removed' 'from the site., and that thejr be raloc' 46.cl ' into the Talbert-Be'dch, Redevelo"ment Area P iriau' strial site through a Joint ,development effort. . adt ition: posed that •the School D1 r it is 'S't ict imiriediately urlddr take as exami,ri t on ,of the structural stability' oi ' th .' ,ol'd,,,DistriC' t- 6f f ide building ,:ori, the 'Dwyer Scho'01 site I ti 'fi of' -it' na o s f utuke P'otentilai - u6e... the: vai ri, a o a f n .;actilities are , dd'icted o the'. aerial pho r)graph,,t o ch` if .1 WS il . 01TY ,POOL AND. ,GYM BUXLDING - The 'existing - City Pool and Gym Building - is in' need of: major renovation if' it is' to continu"e, t6, serve the residents 'off 'the City. '�' A F'ebr"'uary, - 198,t1, report prepared by Nowak- ,Meulmeste'r k, .Assoc'i4tes'Y structural engineers ., indicated c ed . .thL e'building requirs over $325,0001in mechanical and that-- , s At*ructura I upgrading. Giveh this substa ntial cost, which has -Probably escalated since that studyt and the need for Chool '01. t :,the a rict , 40, benefit ram the use of the valuable 7 1777 V,f TA Y j;; Y q f 'N J f fill it I .Ei y".4 C2_0 P1 7 PLANNING-i T � ZONING.-7�77 vusp SECTIONAL MAR D, R5 R2 l ,1f., R .0 ' 'HU, NTINGTO CF rr N y B +A C 'Coll 'COUNTY '. CALIF6,k' w w -G, R c ;,.O,R.A IE A. , N I A� -m-c CFOO *4 —0 J cu.0 -E fR I CF -CD!Q, -CD-0 014 01 Z Rl� t -Co- r' N*o � Il t•4 4 �` d''Ap%'k R1 CF R c0_0 R R1 RI RI RI _c0_0 RI-6 --VL_ .0 .0 M.0 � -0 n R1 RI R1 R1 R1 EaSMXTH' kff00L RI-O "92io 11 R-1 IR a A- J .4, pht I Awte n Z-81[r ni I RJ• a 0 411 F—EW GF- c v3wLE.j Ay FAI E5[ Ft i;r TV, _C F—R RAI DWYER SCHOOL HOOL n7. . 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',lt t _�; j + ,t- , ';1` r) r , r ,b I = '�� o, 'ytr' , .jj", i.11 r ,;�'I t�' +' ,'r ' •' r r t r ., .tf J. G 1,{ t r -i ent'ial +gin 3 J•J• Catiion ba twe a , and ' r7 r'1 i ri1 Ie1y ij.�it �t '11nit wvUId be� $ :a.otolel' ►. SLtvl'1 ss t . •.,.�dv, 11/�(yy. ��yyy, �y�R'� •� ,t /ty,'[�f� j•{r.>l �rr', ) " r t., „ ! R` �. �hlJp�llt't' probably t , •'�Jry ,•'�w 4: n. �`+y`p. •,� �y,,• Inr .''y',/� _ •��,(�[�. n' err fi,k 7 r /' ��•'�,/�a to be weiS n t • ,� �V.� ��ay r V•l `�10.0 f per yearto''the tAistrict ' 'in graUrd I .eastpametts dep ending upon r. the, density' -allowed and the' to ms of the, f *nancin9 0brained J City Woud support R-3 classift6a�tivn," 'thy ,annul 1 . , .,OAym'�rlt w uld like'3y t ncrsase .�o sc� 1 ' t mewhere bi`t�r6er; . 0, (j()' �41 « •• ' .' , . ,, .� i� • xA,LHL t7'- . A. , INDUSTRIAL SITE . zn ' tdd�.ti�sn t � ! ! ' �j , , ''f( a establish3 ng . this y *�j yy 4 ' 4 ., ' g .4 e Y enue ' s.OdrO,e, the Sclioal . t7is•trict 1 d b f <' J } wok seCurfng -new con- ' sal,td d 'bus �mai. .r , ' �,,• ' ,,, , , r• ,,J- ate ntenance 'and ,storage r"fac ; es which t,., w �ald rsulk in-an an�ivaa 's ��ing �f at .laat , tf�e 37, 000 -,currehtl !f. Y t. bean , p6i`d ra �. J t v 1 � spice, new fail3ties 'would be- ated Wit41, 'the: Ta.1bert. t'"6ti ztedevolra ment industr�.al Axa,'anc :'have directccPsso T 5 t` . s 1bQrt, 1�venue, a major artOr.lal IJ.n the` City 's .str��t i� ' E, System. O no, posse aiternstirve for the 1t��c,ut, oafuc1i a facility ,shown. rats' , fa.l:3awin , page M. 1. 9 F.H.h would; work with 'the Schb l �. 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'T,he"t`Ci wO U.�.a Sell, ,,or,,� Ia I _ c 1 . . A , ms, the ,e li: il g �c1 y ; i ) fI") ,i PC n dr �rkin , t, �0:?'P.11 I- ' , , � t. I. i r ! .� at;"i-a " I ( o _J C,�'Io, Rarket: va. like 0 ( ,j i 1, ,, �,' , ,, .1 .! *'" t. Redevelopment Agency 'mould' a11 3L t 1 ) 1 I . 6 ,lea the :,, , .t ,, - I "� I ,baljnce 'ofI, tj6 ta Ib 6rt-" 2I 1 I z j / .I f. ea h ustrial sj,�.e t' iI ;I t1,;�,1 ? j: 1p! �a &- M. a t tair m&rk0t value .le . l. ( f oi,,l I ' T, C . . ( � I . . I 11 ! "O;A" ,Cost ,6fi coast uctiqq thi' bus l � � Ir Litenanc e ,and 1 . ,., i'" % 1 , 1", (; il� %, t, ) , I il f. 1"., OI ,4 � ' .I I i . (1, ) ". f I IO I1 i ; i &It initi x eI . 1 , ae flia t 1 ( h,ireoula . e () i i I �i lll . i een t 'e w�1 :'Of� 'the, Ci tY , P601 a n- P - f G�m Site . , , � �1II J..j)lr_�.;..�'-T i._1j!M.',11_';.!) t� i;.i.- !,,t', .i1 I .I" � l4f ii . �' _1 . . 1. � ... .11� 1,I117 `. , ,I i7�v,-7,7. -T-1'ITT IV T,j f��Q 10 C- IV r ft I lf li j 1j. tit 4 v 7 age. �v ahid t-ho CO ' rage rbvidinj'%'the'"buji. maintenance and a 6 a'ot P t itind.:,and -1 Acililtilis.' To, th?- ext6nt that�-,&ff erence Aid xis " `appropriate', ikd j iia time t 9 c d"Uld iosde,;, irill the Lease - -'REQUIRED,ACTXONS�,:,..RDULZ" OF he-'i§ib�bol"�Di'stri ' t It", i is. tarit."thait' pursuing g this concept its interest';:,-_if'.,a' Yt Cf �.,kpress `any, r n '. at tittle sothat �aid., interest can ref 66ted ih the response the Redeiv4lbppent agency' s i u t, for -liro*PqS a to, js ;� y ea es on •the Ta1t6r ach indui trial site. Such.,an. expression r r4otild- not; 'reflact any ."S,cholo.l. Distridt , cominitindnt-, .: but would.' ' 13 put,,' the ,City on notice, that the 'D s ric.-t S i: interested a expression 9 -interest, "in'; Oursiii'ri' the, concept. C n ' th ' t x ression ..6f P H,.- M,, •4would' 'inc' orpora"te the concept , 4s.. 'one alternative .(lot . ,Lntd its ?,rdsponse.'.to :the Ajpncy,' for.'the Talbert-BeAch. 4ii re esf- - propos f b i al,, ;J ! ! ,Irf+ , t l 7�, 'i 9 85 Sc' ,hiool -'Digtrict appilovi ach ec 'appro it "I't Al ;, , Ity . in c o ncept so that t P. .& M , ,,�lright t.to incorporate; proposal , into its - iresponse. t Ag 6ncy s rl�?4uest to , the. Redevelopm eih_ proposals on the Talbert-Beach industrial site. esp!Dnses ay b I.' U.'for s m t ng ,r Deavdline' .L U. lit V to the Redevelopment 'Agericy's, 'request ' for osals on tho Va P. P lbert, Bea'ch indtisittial Site. 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'1 1 !• r S;•i:'y„ r '. , , ty�(r)l h,•�I tr;t r<,y N' rl 4'1 •�''•jrr 1 r.�f II : •!� •t' tc�- .l.'I,S•�1:: //:,i t., .t '�rt,r.I' ,ErE' ,, •t` .t" �I.I r. Eii c ,� , S �r'fh,`Y1 ,: Nfr'i `rr��1 rr r t '11. r.t .t, r' ,r tttt. :�1, i }. ,y., , .r :�. :� /t t t ,�1. r •:1 r,,:'f• r.•o,r.i ,,. �b.Lr irE iY., ..S!_isl.;u'i,Fry"•:,,.j. ..rtr ..., .. .....:1t' J S�(/ :' ' .. .'r. v� " tI• r. . ` I r :• Z .,t � .l f.�i 1. r'i Y',v. E. {• !1 •(�.t_.r., •f•i,,_ ...n ..,. t .t.• ,.. ,. .. !tr ._. .. .... r '�?r!' it t f t�r~'�l t• r fit•, .. . .t. r i.' ,.r , - '' � E{E 1 t f .t t`�1+r jl`�i.t ' 11 r. � t � '� • + t� ., ;�' � � ` r !, �� ` ' 'tt',iE,r, t 17. , rt'• Ili ,s � .+,+.� r .,� i , >15++•.r ,r1ty t 3 t 'S 1. r .tr , �, r _s r r 4 ir, tj!rt t •�- • , , � .Ir r tt t't , fr y I 1 t fret'' trE�•'r,' (e, I a'',t, ,'.rr .s , , r ,�.` , t PACIFIC HERIT.AIGE I AND &, 'HOLDING.- Compkmy } .Cyr •�; •• ,!, 'r'.. � I r, I i t r t • r r ' ,t•� ;Sr: _ I , I. i, 1 .. ' r -{•j• r ' r Ir • ti j !'f r C I,'Ir/l 1 '- f ti .(. 1 t trf. 11. 1S' .F, 'r f r I � I. .1 i Irt r - •t lei 1 (11 �i t �• T-, t '1' +, - - +� .,, ; t 11•r ` .,I. 1,. .�e�••Itr.•�•, {1 + '• `'`'` f`I.t 1 i� .. :1' r t ; + '- .. . � � �1: ,�. ...,.rr �.;l�,Rt l�rttF N ( i� � S�' � v +, S 3 1 � Y',1;'••,' !,. .f:3;^tl t•s� r'r 2 }• It Ills. + .(1 1 r 1 - ' �' , ( , • 4.4 t, - f i. �'. rj,•. t { r It 17^ rt- ',rl:r �) f .i �.•-1 II •1' v :r• t 't� •1 1 .i lr ,+, ��1}I��vZ..v/ 4F � +t I .t,, 1 ! ,r ,•. •+ �r _ 3 �t r+r t ,'1 • ,. r � �' / 1��:� lY"•f:it�� 't t 1 .'��'., ., r .4,`1_J+ ... .• .'! .. .! r , ... ... r _. � ' •, ,.I.l7.:a.w,..,1 t .i• 1. ' r a-, '' ` blWiwilr7lpAYl.lfifOiMt>17iO�t�KLR(D.11r.'M11�rM1�m�wINAV11Wf111't14 FlF1Y t, �Z� , . ' ,,•',. �.r. 1 MlMhIM4�fiMMM .�1'nlYA11MI�I�t'Ml�R1uS.�Yi✓•gW✓tM �1II��r► COMOAt�U1R11 !, "'� PAC-I IC 11LPTTAGE''LAMD HOLDING COMPANY �•' I' , .. ';� '._ Boas.,e�.«w.....�..�,�.,►.�.a..,.�+am�...>w.><>}r,.�..,....,.><.r+uw..r..u.s�..�., :.�.r,'.,r.....,.+ The Pacific Heritage . Land & Holding Company• is Comprised of long'- timd Southern California ` residents And businessmen who • have proven track ,records in'-,,bringing about successful business and . development ventures, Vae— principals involved bring to the prof ect conside able financial strength as well as exterisive t-)roject mmn4igontenf�, land acquisition and fina��ce experience. STANLEY M. BLOOM ' Owner and Director of Randall Foods , li,&c. Los .Angeles , California RANDALL FOODS Stanley M. ' Bloom is owner and dii:ector. of Randall Foods , Inc, a Los Angeles based poultry distributor with a gross income of approximately. $100 million per year. The business i•,as originally established- --is a family operated poultry ranch and has become one of the, leading poultry 'distributors-,,in Southern ' California. Randall Farms has ' c•reated a wide network of distri.- •• buticn with both major chains and smaller market.•out'lets . The company has developed a tray packing operation for it ' s own I label as well as for other private .libel production. if s _ 1, • Ai'�h-aitgh in the commodiEies market, the ; company is • known 1,' ..'for 'Its service carielritati.on in consistently. responding to' the,,,• I x � 11 .+n• wrurru.Yww++ r`.r.ar. Jrt►yr r r1 i. r:,l; t'li t . •..4 "�; '• ` , f! " f f ' •r } 'i ;• ` t• r• 1 (., r it , ,'�. , 3 , ;1.j7 [:'(\•[�, `4Cl t,_ I .. , -! , I , I -i .'„i�� C y• 1 � [. ,r•,y .i! . ,, 'i. ., Iq► r• .� •II 4 4 3 ",e.y.y�yi r,if'1 ., r . ,.,} t(, 3;1 i t '3 t - .' .. '•7r •� r.•..,, M� 6 sr, JI¢�Mtr'1i,..LlY7,I j ' .•`�t•,,i{ ,f. , }r1 [';.1 1r . , 1,. '1 •� � �tti '� ,i .r ,t ' r ` 7.(/F`J i 3 it niods of i.ts . customars , anc� its flexi.bi.li.ty in not forgetti.'ng as a family business.. As result; of R' 'dall s se•rvi.6e 6ustorder•s and overall••- success,,, Mr. 'Bloom , has 'built. a fine -t reputati.on `fox, himself in. management dir`edtional skills and vision. 1 . Fie ' Vzovides organizational strengths 'tha"t are the� basis for all 5,, tempe=wiccs'�,iful� business� s. his ability ..to' make quick decisions by first• weighing all options, and pursuing the best course of, action. ,11,r'r Bloom ' s business ,akil.l.s and financial strdhq,th are cambi.ned . complein6htary ' attributes which , the. other princ:i pals ,bring tc, acific Herit.ag"e Fund & Molding Company'. His "ccamnt on, sense ;business ' princip .e have played an intportante role in Pacific Heri:tag,e S success, a }, J RICHARD SCHhA.RT7 partn rand Director of �r Pacific Heritage rand & ' Holding, Company, Richard . Schwatrtz j like M,r. •.Bloom, has a strong business and finance background to .complement his real. estate experience and . '. skills. Mr.. Schwartz graduated from college with a Business .Deg..ee, having an Account\ing Major and Finance Minor.. He c' started . his ,,Frafesssi.onal. business career .same 22. years ago; when '' he : nd hi.a 1pa�:�tnex' estaTalislied a ,.brokerage for peris ble ' Cda i 'oditi.ez. A3 `the business Ilourished, • they needed. and '.soon ; r I ' In 19 ��� I ' • ' edd+ad ,their own trucking firm. they sold their; I AQ business to a „ong].oro.erate onto Mr. Schwartz pursued his first Jnt erestr., Real Estate development. Within , a, short time., he" , f i • a• .t �± ,n t, f,.' a it w.. { ;•/! {: 'i 'i r:'r .; !it I�• e ` • ' V' +.�.T {•• '' ,'s,•— '?,• ''s' �r t�• ;( t� f,i. �1: •; rt r �l� r, ' ti' r {rS ?t., i,,y Ll,.r •'�l,�jl r'4 r.!',�. t '1. � ,tv ! t. ( � '� '�f� r ;1• 'J �1,�5'r .t r'f;�` f i• .,,,++ 'r '�� .."i,; .,'�'.h' i, ,. 1� , ,r , '„ '' ':.'.'Ji'. fis'`{ +y' 't t+ + t, Ytt .t!t i. !. •1• •'I• _ �, r'' :t'' ri�, .i fir. y ''`' r•. , j ! ,rT';,'fit, t,', f t 1. ) .;�: 't f. r •y .. n t r( LjS.�1f,+,'`;S, t •!r <• ?. r r t .'1 '' Lr, t. •�i' •y' �• 't i't •;' '�'� ' .Er � 'r �,f,f:'ti.f �'. I'r't+,rr� , t f' S+ I' `• '. V� /.•I �,I � ' `r'' �.., �.I rS+, i rf. - ?J ,+' V,I�. v iVI.`'1 t i' ,, +. +- P 1 y. ' t , �'. it r. •� f ',' ''+_ r, �- �)� isz�`},�'.f''1 i� } !{i } t' _`t f( �-,�rrr, t �� 't (f_• ,'� � rtMrO.' { - , r yt'. r ai•.1� '!r� �' ' ./''`;^ Etc 1'' i Ct t-'.'.,.Sj '�\ r �� t '+. f' .• ' ,.fir 1 i / t (( t A'..i l{.. tit ' { .�,•)Jirr•t•�Jn rJ�l{, / 1 �� 1• �y' �',.is�`� t � •' y'r � ;, „ �(', ,trr .j. j�•� ^f•Vl\Y� �, .t y�•�:l`_1.' •t'�+r.1ef+{;'\'. '•'i��({ •.e , r1YJy, ''' 'r_ ''�').? ','t• {' qr , ' , fi r ( , - �.1 �Yh r(ti� •�" r V. ,r�' h, 1, 1 ! j r ,i r/ 't�' '' + t Q '• - =�+1 .�i�i jli {` j r1 ,i, �l�' t ,t:. , '• •!' "'tt„t , r 'T• f ,. t •f1 (yi I/eYr 'I ..• .ra f,+�• •'ltir rt,t.('l,r !;� it f � 4 '1 'i.� V.�, t•J• r {�'T .!�'I•' ,i'I''' '�i , ( '.'tirir`.'r (rr• f�, ',' ,' r' :;+,- •y ''t f ,. .f� CYY j ,r'.{ � `�r�'?I aL�1:'rftl. S - 'i;t V"'. � � , < .S !�'! ` ,rf� �l ', :'r� •� . ..n. . . �% ; ' , .`..' ,�' i,•��/ •1; .. �1 li it fallhd `thdt. b ', hod .a. flair '•for ,and acquisition and. for sucdesn-- sully seeing the ooteriti.aY iti a parce1. of land. The samc 'fa i ty fob• succeas in his br��kerage, business, follows f him into,,healr. 'statE� Fiis `care .'and enj meat fo F►arking wiwh �e; crarimun .ty in projects\ which ho' be' Neves Mak�a' sense for them acid 'wni.r.I }h!ave a .practical feas.ibi.lity`, ii s%-en ' in the history. {of ttie gLoje:,rrs with which 'he. ha m s been . ;oived, fie' has a special' ' .Moils and concern forlic6dstlinie proper t�c�s anti Yias extensive i ex'per.;i,F=e ,'in deala.nq with the State Coastai Commission. U6 experience i'3 5eEI. in .the following praj ect: ; ► C(31orada` Proj,ect. . .Pa.sadena f ter 8Q QQ0. 4 i,quara f0 .'offJCe Luildizig of r�las.�` and brit'%. . TJ.`hflugh a di.stinctiv�: structure with..multilevEel ' :t .txdsccsinq, its facades re.i~test` hQ . sky, 'th.u$!'b7.ond!;ng the building into,.tha env.i.ronment. frc i 1 r 1 .c. •,t f r t i Cordova* Los: Robles. Pasadena �,, � ,t �4� l. raA�9bfMetnrrww+wr�e�l�wr�swwAK:a lua+.� ,• r I� JIi t �} AAc_"osf.4,-,from the'. Hilton..Ilctel, ,this' 19Q , QClO square f:ot�t :8- iticer�, glass and stEr�'l. office F?11� �.ding `enharlce3 `;''.:;' "' 'aliechdy d:iatinc iv'a .block'.' + !i Mice t".arop7.ex`. .Y rba Linder '.wrr Th s •19tNOO square foot. office complex. Vas, g ranLe'd a pane ahan 'b the• tit e ; 9 f g y y end b cincs tYi+ ".�;ix•sfi coin ' r:ial •buildfng '-J. the `areas.' Yt was developed' in .a.' 'Split 1.eve1 d+e5i"ejn, ta',:,bust, iitil.i ze the ,'si.te. �,. r 'The, Pa lms. Glendale' , r at+..ab..r..wa..trrw..ru•....wawr�rrr+r�r..a..L... : ,;1?'.r, ;;::•�µ.�;}{ ,;,..',; , ,A 30uniti Qatar 'condoiniei.um. ,compl :c of ,, 2 beds :clam epirtmenta- hr 'uridirgrcunci' p'ar?cing. Lach uriiL• snag both a 'firalabQ ,•znd n Lialcoe�y. ,. if 1 ir'f!.'r l, !t'�,, •,` .t :,( •r ,r; �/�i. ,� i/•••\ f (� ! t t ' rr• + '� r';t �,p;, •• 41 L ,`11 'i/;•'.fS/1+1L , ,z,� '!:r ` ! ,t f� ` � 1 tr' �,��:1:. ' .. ',, f l' '7:• 1 `♦.S, {! • r. r •r ,f �1 �'t < ' j r• �, ��4 I� r L l,J , t f ..5, t ,• tY C t i t. f � !' '.' `{. .'l1 f ���,/ i�tatb !1r •b•, �' �'+1 tf !! �f ' r ', i f t �„ � ,: f '.� } r t ,tr•a ,j 1 s f � ' 7'it•f'z+ jI( � +f ,t F 'J �I f• r '} :�( �I + ., tit' I t •rr 1 l,.. 1 IS t, �f,�JS. r',f ,�. t 111111 r r l�`' t �, r' , .i t` � , _ ,r1•j; I �,�,..• j rI , � 1��, b r 1 l I 1 ' 1 ' '1%�' •{, •• �( � 1 !, t {. ,, -{^'• t �, f f !� � ' �� 1 y't. , 'A, 1? 1,•.(S 'fib; j Rl.�'• t `5 t ( e�, t t ' t, 7r• 1 � � t i 1 r c. 7' ', , r � 'r ('` �S f'•!�•��'f f.i!r it .t, f � y,f tr `t�+ 1 "tr( ' ! .,7. r`},• r•�� t`r•I: f r +( 1 `;y + :t I 5 ,tt �.j y,�4+y.t``' ,,''f,j`�i•;b�r, Y I�is '� I ±..rltb f,� '+ IS. ,+. .,I r ,t ' 'I1 t ,•rj, , r (, Ir +. I t ���` !,• ,'�.' y If`�'Y°tf r +\; , i-f !fr ,'' `.,1, tt •t ��, r r .;t ,, 1 ' f!, !: �r ,, f{• S4 +�, , .f f..r•b' r{1• `rf. ;•�, �..,,�r,i, n,.• r 1' ail t' ' ,,r .b r r::trlf. t�9•;,[ Jitt<b r+,t.rj;;,,,,tr,; ''t t� ; ;'ii. �i�y Ib',,(,.r + r tt ;l S r t;,S• + sir' t�'>!t��i�.:f ��;F.((-ITf• •f,�1,1,tl; r�>'..l} =11,, •� i..,n t•_.1, r �,, }' ,} t.1,j ',•t "t.'.lt� , .!'{.0•'�.!/+1yI•Y,;�I�l'1'.l./ aY.•.ilr�.., I. +♦r.•,�.. ..• , Y a,f ♦ .. ♦ .. 1- .,....'•' .• r,. ' . .., . . ... �w��f,l�4 rt' 'Of fic>a Ccjm0l ' x.'. .T�a is aster;: , A .15,,,000, Squaig f'aot F, 3-stcry,>camplex ' lis designed to �*r►jf;ile• oll tale open' landscape., : Ne'vman; Prof ect.". .Huntington'. Beach ' 71 is 50-itnit 1 and 2 bddrdom' garden condominium 'project IdarV accomoaated by a city implemented zone. change f6r (1 higher density, d , this site., The.,,ixn�:t:s ctiine with full a*n,en►i s'. and ' t;:e complex boasts 'a. swimming 'pool. ' ` ( Juniper Creek Ranches . . .Lake Tahoe (North Share) ' . •t�l ' �..w.+�zwn.•rrrvw..K.rr�ewers.ww.aa,r.ru .I..a.r...w.r.,...�+,: r.a+.r+..ww..r.l�rw• 11 ' ' 114 acres near Truckee were subdivided into 20+ acre ranches f. Raacls , :septic �canks ► ind all �;♦t �.a es+ :wex e ` installed. Parcels were then sold di ect:ly to t:iP , prospective residents'. . fir. Schwar z ''bias .also. acted' with .Watt Industties and.','W&B ' -Si AIders 'in ac: uiring., prrnmi.nent 1, nd � 91tea .for . prestigeou e hom ae: iel .oment and f:aci.l tati.n .fin P i g gr�ve'�. mr::nt proc:e sae•<.3. All. ., : ofr t these deve�.o�ame:tws are located • on , coastal properties: Marquez -Knolls . . .' Pacif is Pa.l'isaele� !�,"{,' •:�.. •I f ` '!Ir.�+..MAww!+a•.r!wal�w��ewww.aenrtrwn«.rlr.ru uwwr.w�..+..r.rwr'rs..r....p.rw r.....�'aw. ..,E '• +f b'' V ,';: , . . . r , ' i� '. , , � 1 - •;. IJ mtiis prev igious•. site provided,;'128i,view,-orA ented' .cus tottil_. lots. ' Tie area was •de�c►elcapeo. rt;o keep ';�(i�a . hest, a�s�ii�cte ; of � a ,` ^• ' r.•, . f, �,;'1 .L"he ' r�s�srti r.',and, to``�iniinimiz : ,s a di�'st�arbari�es of ita existing; v:iguai7qualit: ►. tf, Seakide' `V.il'lal4e.'. Hixntington, BaacN, { f Noun"- u www 1r t Thi$ 284-uni`t ,T'owne, Flbme, Commu` ity,, has a uni ' ue series d., waterway ;front�tng 2�0 ,tdwne h0useg -and. haS additional '61uster. condominiums. r The'' pro; ect .was developed' by W&B BUILDERS, a' subsidiary'-of WATT'J INDUSTRIES. ;;,fir . �S ,F •{, :.,. �1�-�• .y.^t .•1 .l 1��. ' {! 1 ' ,'t. _ I" i r• r µ'",` f.. r - * {, j r: ..Sty,�tt� s! tr trr!).:'i;'���1{r 4t 1)3+'• j:} t. 'r r I '�� t � "� ,t4r' ' r' � , ,. ��, � 1' ,�t: ,' r' ,,;II �i:�'r`,al ,llt ' !'�+ ' •IN ��-'�,��; t, 1 ,t: �� V .'r:i. •ir': ''i ;. � t ' � f.s. f'�y tii�� ! .a IFr "4 .,, r ,, •, 1 , u' :l. r 1 t '' ., { is 'S�•t4'��i'•,�' 7f5'J sl/ ,f'1•. •�.`�. Z.a�t• ;;.� r , ,C , t, '1,. .. 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".•r.....,r i.�. r t t.. -, r .,1 'S�'.,. ... •l ,. . `. ,... ,.,....t , ..:.,.�r.A1.,s i.L' fO t'ttAl rr, •`C�+.elErr}". r`C±�r�.r� ''S, n t' ! „tl :t. 4r - f ' 'r , t ',1•it t ' •ir e" , l�r( l� t t .-, ' •,. t:r •S.� t '. a is .tt, '��+t t • 4S�t•' f ,• tl3 , t '!.� f '1 a tl 1t; ', 1 t ' •i t ' ` r. , S{, } rflt /+• ]l r-r `'' , r •,_. � ;i ., , , - .`' .i 't ., ■IA71}t �,i3 ` i.' ' r ' � 'U MVel c San• Clemente Clem T., :r• ...r. r,{ fY,•�'t+' �� `s.rairrrwwre�rw,er,..r.rtw' ,t. . ��• •• , 5' ACtf0is of 14uarded commuir itV,' an �tf t P. ic' Ocean ar' ' f caa,v�Ltt-ad .r7ta' x&3 c;tt�tdm Y:orre s .t os �' This �f sfiat , :ga4: :c f . }., y�y ,y y ''t o aced on w1r_-at `�.s COriSidejr6d• It' :.tap one ©i: { ,+`, i ,` 4/i"(, •, 1. I,•;7,�� Irhfw l'a�.F t "fri1 .or -'6Ce.''.'.ri f rOrit.. prC3'�1E"i '1�.L�? . tV'i!ct1.1. �71:0 for t' • .: - . d'veAIopmerit .L)rt; t)IP SQuth,.`4���ist. :. ' r in ., ' ac+ �i., ,i ,•� � '''1 ' ')., rt 'i .t� ��. ' Mr: Hchw xt�. r.:�.i-��rcaugh';'P�ac:Li�c �Hexitage . Land � `R'cilding Company, ! , i.s 'currently PlI rsuing si veral projects which' are .in various. t' '�O:Ages ;Of'i nning. ;su these prof c-ss, are, as the' lr Specialty, .and` v:c w' oriented ..1 7rhe . � roi ecis begaix, w th 1h hou site � tlectio.n arxs , tai31 ;�' GQ{?ipy`� ed after de3ic�z� d �r ' '. et , e , 10 menu, a.nd .. IAke .11ava,u. . .Akizona I Gol. ci thorough tr:he approval stages, -is 'a 1013»raom 'motel an i a . a�:� es, plarinod to 'provide modetatel. ► pric6d:,accamoc T al sc� 'b a hgt�wnd; Ft`J everxi3.ght p .4k'i.rlg station which can accomodate. up to GO vehiC' I*'s. laa.3: : ,,Havasu r.1. :Ari-6na s On site.. a € trp sioppiirceit� ci w�a �n is n ~c to b arortec� �. it`•(ta .i,l5r s,' •'11 ,t. ,i•,Ir .I ' � ( : r '3 , � ,! ', / ,t,'• t 1 /' „� t t . . Lu i�iiry Hate1: r: .�entur ►1 ,, . , ; ;1• PA1CIFIr. HERITAGE it pr�eea�!rxtlyr t.n `the �srcacac:ss� . cif Land ; a cq''aixitiiarl of a' number.,of. water . view 'pro�ertles r, which i Cietn: �Onsollditidf. `,�rill deco"me the site .'for a 300-room ` hotoil:4 j. ' f •.I ,J. I IEf• '!, 1 .:,!T .r.1J; •.. .I ,I,. •(J,•J ,, .r. •, . f' .,, p} Ir.:.. .,, y f I(r. f:''}-j' J;'1 -..4' ,j 1' i' :r{{r"{T; j'_'t, t, ;I I t 1' n i i '' ,+r %1 i.'. 1 ' •1, • ,iV' fc .,<:1t,•'+t,t. '.jC. 1 i, :I:}" ,r ,i: ,I •1 ,; +' tYr. ) '( .�.. YA' .t i ( �' t AV� y^ yAc ', l 4''.ti,., p,. f' 1, +1. •�..(Ip!• •3. Irk { 1! it '," - + .�'• r f i• 'SRi' 1. •s C, { f, f �' � , ,i it ;.t. I} !•, 1. ." ,t. ,'J,,,-.,.: 'S "} 'f ,f 1 f •flj j'• ` ` , ,,;1}.1f1.t•,�iE,,4 };,?.4 I'f, }' tail, �1 i ;!._.•"•'J,'. r :{7# r r 1;..,' ,t'• Il- 11 J; .1..1 L• ,s a I.:,• 'y Si:'C�- f• •:I'`" r" ;�f.l ltlRil;4t` "s �i4lfi 1(,) ) ,j 1 .;t.I tJ, ` •,I ' it, Irf•' ��7 + .fir ,r 1 '� 1+ } ( '{- '1 /tJ l'•'y;'�Y.I '1p,I. ,.1 t,I I;F.�,. 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' +t if ,+ l) r�::'' ; '. , r . -,•. - apt+j `y r 5 /( : • ,:,,.J ` i�v 2270 Camffio Vida Rob e, Suite L, Carlsbad, �:4 4=8 (714)438-7949 1 _ r •, r 'r L MOARI I3",LOPHP1 s 1 E3�CKGRO MA I.NFOMIATXON individuals ,that';comprise Bryt-itt' L Morris Drvtelopment have had extenaive � aorias' anc bc"I.neae 'background. ii ,the devela a.etLt. and operation of a variety, . 1P .� P P y,'y; .. Gli. wo.terfront . thec►e and, sgee`i,alty, ac:ti`�it"ie in th'a So�xthera California area: ' ,• .3' t ` 3 ..Btr nt' Morris i'Aav pa:rti eular' Alas' a lei►gf:hy' hist:or5•.;of -succe tsful w€.tea-- •' + ,: related andzei:reatianal. projerts. xJa 1.957. the lt6rris fnrii:sy de��esopecl 'Pnzud:t.se Cove, a on(_ hundred' acre` benchfroni! i path located. :AbaaC �iSf3 Ihi.1E' north of .lit'3ibu Beach, California, "!`tie r 1y�Lirx s operation. � df st.w, parlc .spanned a ten yerir, perf-;d .and inclttded`3 the general t rag meat of a '+:1 ;C+'1(l ; oot pier .-boat: rn nta1.9, good 'conc�:tjs�iarts, -a recreational vehicle park,.' , s7rf ,and. beach',egt:ipwerlt rent ala, 3'�pzy; t fishing,":'yacht: �oc�,—gsy a mariva €uel. a°;;, :k ' d caaaps,ht«� nwi}.ntenfince of t"he nd c�intng beachf rant:`, The! tbrris family aiea held ;a 1'�tst:er Leat;e'c3rttlY 'the County of Liy►� Ange;iss:.�iet:�reen 3960 nd 196 4 foz the 'operation aand management o.f the food and reach renL•iti {. .• r. a evaf.ti.ans at' Zumat Beach, California. The aperati.on had ru+ ,nuz'ber'bf "r Utl.et 1oGP.ticln8 aprc!ed over appaximaLeYy thxe mi;:Ws 'of .very papalar!pul>lia,;b"each. Current 3;y' ' the Morx:.La f 3ry manages `and operates. food cancesai- ong nn approx-,. 'it"tely 2' miles oC 'beach jus4 .north ,of Santa ,Monica,- Cal ixornitt: t.•y'ant Mpriri�s c ncai�aaed and clevelaped;Eisha�-uian's ',Vi.11a;ge .in Mari' a Jel. RF y, 'Ifn3iiorni.a; The laiidxgark product of hie efforts, was.'opened in''1969..a s One of , the 'hest elements in the waterfront area. adjacent;' to.`ihe Cit_y's vast yacliti ng 'ait.Wu 'public .,-�ierins development,. The village ;theme specialty ahap�ing .cent:er t quare feet of gross le"eab.l.e area contains pine major: reatau:ctnt, { ' 33".n cc;(.cll,ty, eha0s,: and four fast fond' oper.Atiattg. :This del3i hL•fus. Village�rP:c`r ,o a., caref`ulXy c6ord3nated plan designed to sexve l.atid-lubi�ers 'iad''e.iif.`or� alike, by 'offering vIi for decks, boat slips, and other marine �► 'L+vt I�'any 'F'isherm�an's Village t+en nnts,'have enjoyed ,successful busineQu ._ t , histot:iel at this pupui r attra dtion for civer a'�decacla,. 'Waters. , a sixty acre' water themed amusement park ir.,r'Stan Ditrute, California, •11C•J 911a�t"'►�10 of Rxybta L' ,"Harris. Developctent's sttcccesful projeo.ts. r`ne park his bin ogsrAted under a 1'> se agraznint between Bryant L. Marr3.s' Aav�:lrrr�tnnt and Lott:''Arigalaa Gu4int}t eixtce Haigh of 1981, Ilk lit • ', • •, .. -'—'--'--,.�.••^-mow•- -- '-—- --- '�--•---- ��y}w�4i�f? ,`,,Jf rY: :f. r`' :i.'`• t f1 ' '!'�` lay; , ?` � l 1 ♦.^ ,r` . 11.. , .tf,l i 1 ,', { it ,1 , J y 'l,d .r. ,. ''" �t ,, , ,'' .. I {L" •{ ,• t•. tf 'i (1'f.! r r tit: ".r r li. 'i' !! -r: f.:f i , t. r• - S . ,- t '•'r Alf fJ i. •rrJ •t+/ 'S- tl VI 'r %'i atlil► �•• i, ,fr �pp �:.`../ '• ` vy ,�..«.I"'C."{II lA r,, '-S-j, v. } •,. •i "i' '1 ,, 't J„ y ,J. Ik 1n ,� ' /i'tr l! rO y y 1 ' -{ ., r "{ 4`• r .fit 1 ��`1 � ' r{t r ' } Fr'' itl • 1. .. t ,; .. ,'t`• r',. ( .y .. }t., r 'rl! .t.',.t' �',,>.f'77t ;t�4.1 '';`l Jli ,:} }+' r ,r '�'? ''.' •{ •+. �Jt'+, r' , •1. •, i. ,t. . . ,�.: j.r ., ,. � ,r..t:1.t 1�� th•.�..{�,�'� it! .f.�b li, r-r 'tr',. 1 1. F .. .r ' rt ,. r, ... r . .. ., r ttf,t I ''• tl ! .fir' ,. 1' ti. . , , �Jtgs 2 Bryant kforris.had` succe,98fully developed and erartred ss President 'nf S+:ap'crt" Village Ih psi Tie a Cclifora .a.' Seaport Village a a t o g t ag i flourteen-�Allion , ' ,'-Aoll'ar project ,ou 'foui:teen .a'cr."as of waterfront ,property &i sense from the t : ruiii iea Po' rt Di.awriet 'ou* San Diego Fa;+... .The' 4heme renter'is comp©aged of , '► i ?f' t,�, ra major ieataurnata,: Lrve�vl� bm.�ll�r th^sued xe:�taurr�i��a, itnd"ruor��. 'thin}. aisi6y'..x'e(tail apec:wlty ahrps I in 90,000 sgitttrm- fet~r, a groset ".eAseab'a area.. the ;Vi l.l.age ,complczr, np+enad.to° 66_ public in the zpring of 1980, and harp buen, q%A,te. �uvarablg reccived' lry'h'oth the. local, 'and to' uric' t co=unities. The• archl` : turial. :theme the,maintenance, .fche, env.ironmeritai, the entertainment s dl °security 'sspef:t 6 �of Sea ort Villa g e should' serve: as Liii example' oA the � ' .r ql sil._!ty'of. a family orie'nt id venture' that one "Can expect from an lni 7olvement with fr. Norris. r! 1 } Bryant: L' Xo els .Develop bacltground„in industrial, developMctit goes over th�rt:p. years.. 7n. the 19401ta, the Morris family built: over 500,000 , feet &f,,comnercial, Indutatrial bu' ildirgs in Vernon, Calizorr�Ia., They r .ra >r tntalned And operated by the camn>ia until 193�. In Sant�1ra rionl ca, .ral £c�rnl ' the Dior,;:is family owns, a.ni .operates 11.9,000 square ,feet~ or. cam.,oe.r61r l industxipZ property which they developer d in ,1.948. C:irrantly,`in the p1 tar.niflg stage are two addiiian,l' industrial developments l.n Sara Diego. County. T'nese projects are ssheduler to, begin coiistrticx ton pia . anuarg of 1986. : Alryant �Sorx`i.r Deve'icspu,ent has azr�a coz,*►plet:ed' 61ioreline.Village, a 6.9 .acre` vaterfront site which has 'evc:�lvcrt .as a key, element. of the Lo.Z3 Reach City°ta l;t•' , ,.}3avt]to'slii'.Redkt�Jr�lc►ptr� nt Pla'n. The City has doubled` ita marknra rapacity by,; building 2,0010 'bo tf slips. directly, adjacent, t:o anti 'ca•re£tilly coordinated }* .t:h the "Vi .lege" site. 71te: Shoreline Village project i� ,al/ictoriau t`nemed , , : + `',.;;;;,: •;• r' spnC.ia1 ty c nter of 55,000 square Feet of 'rotaa ea area inc:lu'ding two armgr reataurants, , faacilities foar yacht sales, a ms•rin.e harclware and electronica et, thirty- five' reti il.• apecialty shops, and four themed .fast food Operations. .. ,..t `Alnr with '•the marine retail sr�rvices, thi prey ct demonet:ratery 't•_he' earefu? i?:l t nia� bC.f eeu the City and the developer to layer the various :.nlement.•s of t:he"oVural_ti' Hat:arfxont development plan into an, exciting recreational and, Qater tainmeat; center thraC enriches .the lively, of both resident,v and visitors ' t /! tt,1l` 1+ ( ', t r •! r 1 .'1 ' r ! t x 1 1. 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'`�.w.,�....+.���r...r�.wrr..,.,v..�wi•1 '�,r......rw+.�w.w.v.rw...�.r,ra..�....+wr.. ' rlii('t} 'rt 1, I°\ t 1r,C'1i��,' ��. t ' '• 16re i s a special magic that Iures pecipt to.plac s i�licre lard riie�fs water, ik here history Men&w{th inh6vatic h, and'wher0:' fantasy,asy,is in er�vo'ven t itl the r�xctic litie3 Of r, .4moderh rretai,fig;,merchandising..dining atid' ent1 ita3S=cC nt. The l3q nt L. Mfortis I�evelopinerit concept is COMPany th`sit builr ,s'reality:f olm the t r ,gossarners of cbvAms to c Lsfili . sp4 W places and achwive.extracrdiriary results:�'lacea�r�her�:the lew ,;f' ,: cn l r—,"'and thebrsttcm,'!ine,`"endure in gacd t ` „ ,,ecvcio rc ties and bad. t proven to sper:ialty cen ers, r , �aay kde.attractiona andi'other uiti4ue enviroiime'nt:; 1„ created by,L+ry rit L°:P�Iorris'Uevelrypment: L�+�n 't greater t.;hi.^�gs lie a}iead; f t'" i. '• 'We hdlae tu'shars a little of tlna magic hers through our designs, on site plates; ourr*:�sults,16, k»i�glt atx�i cl�en the old carousels that symbolize Our goal Of combining'thp t � feelutg of yesterday and to : fun of tcday o r6duce s�astaineci 'success. . .lt r*'I. ..,.}1: , r•lwrlA t!%..r:"'"',3(.�'rt, �;fr '/j� 'a'��?7fi `j4 ' ,t` •tt ,'r.f;J'f),��„•„"+ 7 r ,1it.�� r �' �„�,,,��„��ay�►_ •t �4. 't '7 �,,,.i l'' -' _t,,�, 7,[ %• ',. '•.. i1.i' _ ' .. ' � ' ,._ AL-.. ', ( �: t 'iii.�.wraW nir�•�T ,. j���;r; f tt 1. '�•.;�!f.�f:r�! - } iti ,"'' ,..f,.l�.r'i:fj' ..'. •' - ,: .' : t. L r/^',����. 1'.. 'rr'�.C. �iR'J,�j .. =' �.7� •�,' � , } ' ` t 1 tit ti: ..+3��r:+.{.:.ii.Y.,. 1 "�,.a ?emu .. • " -7777777 r`,� .tl.,..' ,r r,� y, .. .,, r,. •i. .ty ')r ' �r- r' 'y ��� ,,'. ,i;•+:/,. trr';{{I,S.l� r <f ( �,r, � .r 1• _ tl •t r, , , , r. • 1' i I `r,+ ;t i rr J !• t'rrlt/ "ii 1 _�j�r;5 )'it).1'+ ' •� .1 1� .�• , ,.�1 '',; r' , f:l ,' S, 1 SI '' �j �t �. '�r r 'f'` lr , �1, + �,1 •'. •, (,yl �1 1 7 .' r r� I _ { 1 •r 7 1 -t' ,,r! ` J" �!.1 • /. � i'"' rj" f11',1+J{. L A . , •';it , . ; ''• r , ' } •,, , t , ,r t: . t� t / �( r, t�,., ..', ,•,4`, 1,. G.• t•'f � , /. '' ! 'r'• , .• t 'I,t' tf ' 'r. ..+, `�1:w 1'x; waft �o`i',i !"� ` jtlA ' 1 r ,{r. `•l. I 1, , � r. ) ,, .. 'i' f' ' t•• �)r 'J,6, ",•� _ /'^`j" 'IJ�•F."A r r!+ 'F f t r ri , .ri/ r r�' r _1 .. ' /` r: ( �J y + •" • t ,('. •: f Ir.f it.. . t '( r• .i 't •' r•le_ t - f l �t•:( � ,�y'.� �, ., �.rs-t � 1r. 1 :ae.U'r,X,i•,r'rr 1( r•. 'fiiiF �'rL 1 .� ',<.) : r', r { Iw ' ti , 1 �,. 1 r t�up,• f rail ,r ;,f 1' , s1fS. yt",,� •ti( ,`,t:'.1•t rl j,.�. ,i.�' - .' r .r , •f ! ti r!''� ' l*''.Si-Y;.Y"N;ril: r�..c_t�..l:h�'t,� .1/r' .31r ..!•., .,._�� +• .3 `r "�.' •! .. . •,. `1. ...r, _'r '' '' , '' ,., r;•n , `r•i 11"ir� Cr�evive,( rakievm boo 1,f�i F' :t. +r f• '1 .��•.�r�+.`•.w.��r...0 .. '.. +' 'f t; . .each membaY'of the „ Norms develdprnent to in has a nistory,of. invoivernent with restoracda.�,'design, ipiannin ; can trctior;ani 's' eciai effects: In addition, we retaiirsuine of the country' best consultants'on. . citltentiClty, rrieriaement;siteplaztnixig, market11' :iesearch arid'Collstlwtion. BkYAW 1:,.;MORRIS, chief e:lzecutave officer,; E , has a pest afs ekitirig os the projects hi develops. The ptii6asa and r�r.' struction of athree-masted s uueri sailin •slrl , two years of sailing the: South P. Clflc,`the,development an operation,of Paradise Cove in-Malibu, Fisheriritian's Village in Marina df.1 Rey,'aind the other,prdjects highlighted Zz onstrate the ultimate in creativity--e.4 af'life n"d attentiveness to detail that Sryant's persdnahty demands in every project from planning io cjmpi6tio,ki. t 1 r TOM Lbb4TEFELD, senior,vtce president, holds.a master's degree in taxation and a doctorate in later. fie has owni!d;restored and operated four historic hotels and varticipated iri planning and negotiations for sQvexal rnajor.theine parks.' A.s . corporate counsel, he handles site acyi.isitions, Ieasing anc"'contracts. I ` i `f • ' SCOTT 1V1OR.RaS, conshruction coordinater, ,•', `'"':,i „' has a degree in business adrtiinistrakton.He serves as liaison'With gov+erninent and regulatory agencies, directs our data processing'center and supervises construcftrn and leasing. JIM JENKINS,project coordinator,has.a degreE in fine arts aid a practical background in'architec- t. r' Wra.l restoration and preservation. He oversees + project design and construction and coordinates ' '' ;''' ; ' •, ' the implementation of ideas with oar artists •r'�''' . and authentication teams. F��''';_!''. L l�'�.ti r,f .! � r ..,j�$,• , ""Yr�l��..^'S`I' S.',."3�S '1�` 11• �'' !; � r.' low 77-1 i'.. 7� �t 1 .. Ii. 1l r ..,1. t ! �'.�`. . Ir t- y'(• t , / ;41,}+1'' { 'J , + .. .1♦ i; j. r,}•JY{ f '�', 3 F`'t't�• •J,i ; L.'f. `' 'I�r .{ A -1. r _ � ,,4 •t! fir,.. , ' '1,. _; ,LI 'A ''• / .. `I+i ' �` `I ' ,i ! Y` � rj ,', '' � ,l.r,•t f •` •7'1!1' +'t'•.1}ft't�,,; t. ' FJ" 'rFlrtf !.'• ' 1. .(}: t 1, 11 14�t. 1. , .1 y1 .I=� t�' {+ ,,��� t i••li jl• r , 1M�N11 , �., i t�1..,.' ` •. � .'.'- , 10 1.Y r+• I ,l ft 1. {(r � , � Y� .' r .. ,I I � .. , 'f7S. t 1 ,A1.1„ 11;. �, .. .. •I:r ,. .-,• , �' � 1 t} ,. r nning,tro, `��_yy� , Co T ,e masic o£,ou;success y , ;; is no mysteiy. Quallty develapment demands`creativity, diidpline and plarining. 1. Our'creadve concepts evolve into'plans that gC r t, ,; Beyond mere land use dedsibinsj they Become disiinctive arch"'tectura!landmarks witlz both , b tstanding•visWal impact and direct econornic impact to the surrouhdin mm g co entity; We spend hundreds"of hours maticulousry researching the many components that lead to Successful projeds: land use and architecturai' history of an area;local try ditibns; landmarks and personalities;'cuirent dentagraphics;projections and'smasOr ans;I tr p affic flaw; the economy., financial feasibility forecasts;competitive factors } -.w•ithirrthe markefi�g area; ,-q'uaie-footage-toy acreage ratios;and marketing position and strategy. From site exploration and coitstrucuon firianeing to 1.enant mix ` and grand opeiung, we leave 1 no detail unorch6trated. •� Success is our proof. Rib 14 trb ' , .,' •,.,...: fit:,�. � � , I, "l;'� � ten,. ,. ``'r� �+{ns�• / {J�� ` � b' � I - • '.'.' ...T.t t,j. 1�•,' •�fr� ` '�.` ,� O O -t•l r �.r I• j f ` "!tE �„�'' �r• -41 ,;. '1. ,. ' ',,`''Y• .. �41* .r: \� "�I : I.�j""1Jr .r'� '`+ �. r 1 moo I . co ' 'S4 t y ! � Il •...L�• •'y+fj�/:•T.. .•�: i.lM."I � "1}Ay_�J 'L�. 1 , I 1 1 Zi kQzIj 7777 rl^ (f:' tintOil- 77Tr;' 7y :, j, �lj' t r,f, <Irr" t: �.; t y. ' .s•J f±� :�� ar ` M1S '/�•: .l r+: '`�.;, ,� .i 1t y4 ff fr1 4. ,` i .y` .': 4:a1 ,;. ,,�'� •. f• �' �)�f`4,Ysr� t 1',� rAt , 1 tr if � , :(.� + t 1 '` �' [' .t. � �•�, tt S�, i t , 'f, �►f�a•y� f �il'•t �t frt t'' � ! e ! L�S' t ,.f ` t: ,i, •t f,:'�'t ,t.• i f: ; ,.I�+.f. ' t• 4' 1f(rt:afar!,• it! !-�/+:,'I Vt ` ,r f ' � /.•.y / , f: j• ' rr'�f ., 1 t 1 ` ,(, rt' 1• 'tf f !,� 1`f 1 i •, i .•,4' t11 '. , , 't '! • � �f - r:'y" c {,t.• t , gat: t P. i)- ,,. '. f' !�' �( 'F(:f! r. .I f ' ! I (•' S.f 'P j L �' ��it" , : 't'.f. y It ' 7 "'''t', .I. 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Los.Angeles Magazine hailed'tt as the �v state's rriost enjoyable waterfront conzplex: 'Built yn'14 acres fronting San Diego lay at a . ,Cc cif74 million;Seagurt Vil.la'ge enri�masses . .the'lool,and feel of Old Mloiiterey, Victorian San - ',' rr�ncisco Rand iraditiowtal Mexico of a Certt:iry ago. It is the most dramatic in a series of improvements a'• to San Diego's evolving downtown and. , r , ' embarca de.ro areas, t Desi nod by Raymond E' Wallace Speeiiil ,;;' Proctuclidtzs, Seaport Village boasts miles of f: 44. pa'hivays; lush landscaping; rmvtnmb brooks, a i 9az6o;:critique marine artifacts,a nc,rt:. n Pacific-style lighthouse and a ba front t�oardivt�Ika Y ay front Nestled axnoihg,its playas and paslc areas are three Major restaurants 13 them(!cafes and more than GO !t a n speciallyshops. r t. 'Jne restaurants offer 'isitars a choice of Mexican,seafood.or continental cuisine, llie smaller cafes featuie Chinese; Greek, Italian, English and other ethnic ar specialty farce. The shops are unique aced provide a wealth or. one-of-a-kind collectibles ind.udin ` handcrafted' g leather, woolen toys, fine art,antiques, fashions, items for the left-handed aiid even a bookstore/coffee'hriuse: 3e'apvrt Villa&e's most popular ' attraction is its fun. -of-the-century :Broadway 1�Iyiryg Ho4�es ' „i Carousel---a.masterful tf; Bryant Morris t6ii6-. S/lit' ;tt' t,' , 1• r i, '.vr. ` t�l'f%Ir• ..;:,U .Il '(', •'.), •.t 7 t f�, ' ,p. , ,,�r r • ;r. � IT •f• �7. �:5: ., :..,• r w�j.):�4�i,;i t� ;Y r: ..r'e' .�- .1 ?}• t'•;�}�,�� 1•,,, i� , 'I ` i 't' ,(' ', ' ,r•. '• 17' )• 'F•vfl � (``f'�t il, iC' 't-�r3: It f`3. �r' 1'.t. 3y Cr, I •t. t r. ��3 n f••e Y' '• t,r. a ! .! a+ I1 tr�r f ffr�p !{,.,, i'�..rr.�'f.r�.:. t •)• r' r �t x ! ! '1 j5�'> r tJt'' 1'+. `�:Ltl'!�1 -t `r,',. 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We hope to shay a alittle of the m" gic here, f through oux'designs, our site plans;'our results our people anal even the old carouseLS'that symbolize oczr goal'of combining the {, feeling of yesterday and the ftin'of today to produce slistain6d success. ,'y fir/ ta�r�i:� �•,,/ ' ry ' • , . : J r� i \` �,r ryry rJ+*JJtU6•Yf'+►t1rt4 .r 1• .j ` " i[�`'r r,rit-4. ,. � �r-'l.i ,y i' �]l�I _ 7 ..:..._._._ • .', ,' .1,. ... ,� +�, 11r:� r.�u.:�si�tw�it:�•teb�, 1 ' ' ,-."''"ti' ., ' � �., ,.. , � � •.�'4vv+rwrrlir,lif...-._.. � � W,t �u�ntt.i'� �. .w ,�:f� ' `- 's = �{...'( ...... �.j"... k1.�.,�L�fNri.:�1 _ .,w.., _�'. :`.�rT"�y''�.`•S :�i': yt`i�r�c'�, : ;f ,a• ,R .'A• iSs ' ,{.�i ', �ii,',�,-.-~_.��i'_S�r`.+.w:..x-....-..•...�.. . ...... e"Z r,1 _ 'S,.`,. i1a• l'� r K �.N w,� r u:.. , y r .yr y,t P 1.l 1,. ;.:�. •Y '„ y ,y ` .•R jj a 7 � ..f �7 ,'�s� , 1. �� !} �.� �k��•. ., �,,f '�.�.� .•M. 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' .,: 1St.(.irr�'••j',i yY ',,.r.l r ��. !` , .�rl'`.,t:,.r� I,.'.4.'....... ....1�!.t.,•.., ? , {t,l• >I; .. ,:' ,;' ;'1� ��' .r, f(I t/•�T�.•{J ''_!'' ,,� R ' f •, ` ; ''•', •r ' '`•i , 'r I 1• .J 1 , • , . ,t , i, ,1 1 i,y r t"l� it I l'r(tf• Il .�j1A.,it} ,a jr•' .�' f.,' .•� I ,l 'rrr .11 ' r .. x'�r:tJ''t•.11;�'�'i^,�i J,A•�( is t+ { x�� Jr,.a ' � +� r r ■{/y'I_�ieam , �l•S'�Z+•:h.I ''1:)5 J .l PI :,Jt,�f.: , ,, r ,+ - •n1 .. ~� '. :t ' ; I f �IIiTC �1 I. f(f„f1 , 1 ,' t. ! t �•,, J/�,,-r � -" ,� A member of the �t f,}'► }f lYtr , `' t' ,+ I1 ci�rr s''developsttent toad has a hiataiy of ; ,1+ , ilyVvlwemenr:with restdiation dpsigrt;+p1a�Ll�ling ,' - ,• �}; 1 �: conit aids and'spe+ciai Liffeds.In addat on, We retain ante ofhe c©untry's best consultants"on ►, r ',T ''''�t ;'' ,ly! uttienbcit ;'irnager►ent,'site plan. irig, mark*tin* res t;ch an,:lrcdnstruction t , t BRY NT T.:' Ms"Clii f of executi a officer, ,}iV�•.j,;s .......( ?�t '' .� :' • '•, 4 r-. ; }LIi♦1S A,G itl$i'a c ting-"Ahe,p�cojects}:' ' ii~v I� / al ++ ? J,f + x i �y��� _ @lops• =r,' ;t' ie ase-and'reronstruction of a'three,=masted a 1) t, Ili'_,1 '�S' ' 1 l '' \4�tir{� t .I *qu'�.rte,Og sailing ship,.t"o year6 of sailing ttte t e f i !• 1. i , ,., r: - i x •t South Paid ic;the development'and operationtof r►. t;'r\;�`i4 i ' ' ?; I. FaAdise'Co�•e iri l4iiallbujisl�er�iian�s Tillage{in swiiu d'd ftey jiIp the oth+es projects highlighted t ihereiee,dei�onstratwr th+s,ulbmati in c7 eativiiy--- h :�the"zest of life and attentiveness to'detail that _. ' Btyant'& xsonalitydei a n nds in every project from plaiinin� to complet`ion.' . TOMI LocH ; ,EL`D, senior vice president, " holds a`master's degree in taxation and a doctorate in law. life had owned, restored and operated four t historic hotels'and Oard,iipate(f in planning and ' negotiations fo.several major'theme parks: As corporate counsel; he handle;site acc�uisitior►s, leasing and contracts. SCOTT M ORRIS, construction coordinator,; has a degree.in business administration. He serves 'as liaison,with government and regulatory agencies, d1re6s our data' rocessing center and supervises p construction,and leasing. JIM J NKINS,project coordinator,ha.s a degree in fine �rts and a practiral.background in architec- tural'restoration and presen�ration. ke oversees project design and cgr� trctction and iroo:rlinates the in r-U—,meiitad n of ideas with our artists and authenticaHoti teams. r , 71 1 I 4 +�' ' I '., ,, ,v'r' _. .f� ti a�'"'K"•.lt'",itT"i►r,•�5arrF`*'{.",1�:�,�rid��'tJTf�"'4'$�'�+'t.PMJI� iI TT����ff . t •j>,fi .r. 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" ` �' at+ ry: uali4y;dellegvpnien#,dmand ceps' i Y .f, tavty,''�ditalute and plannJnga !Jur ac�at �/e tronrepts' volve,int t'4p ' �� %)t1G Yi" a Q ldns that tit. t,�, . . �,.. erg and use deexsioris�.lhe ba_c t ,t' r } ,� i�tinrti' i chit al la: ome,. `,`,1 r autr , actor zarn�►��csy+�both . ` • t 1' r t 17+ ' " ll t1[+ [ ` .'. •J�• ' .L .7 iS>1.14 � p an direct` .t. �'XSL11lu am �Cf E ondiwC impact, t e,suaioiiitdiit' 'co j • '.' + . ,r+,s t� , (, Y : e.srict uitdrds'of lio nie� ' ` 's` : t: rt tub Qscii�ottsl� + j t t•,,;;;_'% t ' l l' Q . {/I ng''�. ale many cnunponents'thlit Ira{]] !r l r t �l 1.t'• .��1 It ' +, r t �SUCCess(w .,, t''ll� ..l. and•use and arch., K aral his#ory of an area; lcica #raui '``' r 1 . hon ;11 10, 'Wks and -, s ; prst�rialYtie ; �-urient dentoraphis; yroJctions ' #er ans; trtli flpr�;the ecoaant +1, r.,� finnctal feaslbxllty forecasts;corztpeHr" Y� ��rit iin thy' '� ive factors rttari!.4tiitg area; square-fat.tage-to- ge ratios; and marketin€;position and str�.tegy. from rite ex I��� , ~� p �tian aln4. construction ifinancin T 1� to tertart#mix. , ; •.. �'`'�. - � ° and grand opening, we leave • to dehfil unorc,111est;ated. 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Ttri:� e Most djamatie iit a;series i�f atn�roi�+e _ .:, �•: �' t�gan,�ie . . menu go s evolwring dow►r►totvn lb. embr►rcadera axeas.' t t }, Uesigrled by fiayrnand L. 41Tal1ace SpCiaL( I'zoducHoxts,'�eaport Village boast, iitil :s'aE ' Iush`la�tdscapiit , running brooks ig6zebo, antique marine artifacts, a northern a: ! Pacific Iighth ont b' > ouse and a bayfr bardwalk. t., Nestled arnorig its P4a ijs and . : park:areas;�re,three. •. ' • ?, major rest�iirants, 13 theme cafes and m6re than da specialiy shop .The re�staurar is offer visitors a choice' of i`►fQxic�n, seafood or continental cuisine.tMe ' f L�t . .. small r es.feat: rb Chines e, Greek,"Italian, Fn,glish.act,I other ethnic or specialty fa're;'.T"he s11.0 s are unique and q provide a wealth of), one-of-a,kind colJectibles, inctu'ding hands'rafted ' •' leather, wooden toys, fine'art, antiques, fishions, items fe:thel left-handed and even a ; bgo'.`tor�lcoffee house. . . =t . t Seaport Village's most popular �;i; i' a ttraction is,its turn-of-the-century M t grcjadway Tlving Horses CarousQl----a ma�tarfUl Br��ant MOMS tOU6.• """♦'.�i[L'<{t�'ti .. .�.Y,.I':4:;1\! ,r.i�.•, t r �; •j' ' '^, �'iM1 t. : � ,��y{T1' � \ `1P+ , 'I .t L�1Jra •.. '� 1 ♦)' +i�f,.;'t;�••' '!"�lA*^,'!l ♦ ., ♦ V J.,,,. ,y..•!ro.. rS,. r , •(•,. .•1`,�'1�" I`+,.r ,•4r •}�•tl�l,,. 'N , 7x».':r' 'r tr ��1,'.Y,,.!.{�� 7 }� �. 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