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HomeMy WebLinkAbout2012-04-24 e-packetS k 10. C) 1/" SPECIAL MEETING c'QLIFO OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE CITY OF SOUTH SAN FRANCISCO REDEVELOPMENT AGENCY P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, Califomia 94083 CITY HALL 1 A GE CONF ERE NCIA".'RCS ONI, TOP FAIjOOR 400 GRAND AVENUE TUESDAY.,, APRIL 24,, 2012 1:00 P.M. " IVEN, pursuant to S c ction 5 4 95 6 of the G overnmen L Cc dc oftfic S tatc NOT IC E I S HERE BY G of California, the Oversight Board for the Successor ,'igcncy to die City of South San Francisco Rcdevelopment Agency will hold a Special Mecting on 'Fu esda),, the 24di day of April, 2012, at 1:00 p.n-i., in the Large Conference Room, Top Floor at City Hatl, .1, 00 Cerra rd Avenue, Soudi Spurr F(rnicisc(), calif-omia. In accordance with California Government Code Section 54957.5, wiy writing or document LhaL is a public record, rclaLes to an open session agenda item, and is clisLributed less than 72 hours prior to a regrular meeting will bc made available for public inspection in the CIL), Clerk's Office located at City HA. If, however, the document or writing is not distributed unffl d-le regialar meeting to which it relates, then the do cumcnt or writing will be made available to the public at d-le location of the mecting, as listed on this agenda. The address of City Hall is 400 Grand Avenue, South San l�rancisco, Caul '()rnl,-t 94080. In conipliaxice with Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the South San Francisco CIL l Clerk's Office at (650) 877-8518. Motif cation 48 hours in advance of the meeting VNI111 enable the City to m reasonable arrm-igemcrits to ensure accessibility to this meeting. Chairman: Selected b Neil Cullen Largest Special District of the type in H&R Clod c Section 34188 Vice Chair Denise Porterfield San Mateo County Superintendent of Schools Deputy Sup efintendent, Fiscal and Operational Services San Mateo County Office of Education Board Members: ers: Marls Addiego Councilmernber,, City of South San Francisco Alternate: Barry Nagel City Manager, City of South Sari Francisco Gerry Beaudin Principal Planner, City of South San Francisco Barbara Christensen Director of Community Govermnent Relations, San Mateo County Community College District eyna Farrales Deputy County tanager, San Mateo County Paul Scannell Counsel Craig Lbadle Selected;_: Mayor of the City of South San Francisco Mayor of the City of South San Francisco Chancellor of California Community College San Mateo County Board of Supervisors San Mateo County Board of Supervisors (Public Member) dior: Marty van Duyn — Assistant City Manager, City of South San Francisco Jim Steele — Finance Director, City of South San Francisco Steve Matta — City Attorney, City of South San Francisco Vista Martinelli — City Clerk, City of South San Francisco Armando Sanchez — Redevelopment Consultant, City of South San Francisco CALL To ORDER T T , CAT 1, PLEDGE of ALLEGIANCE AGENDA REVIEW PUBLIC COMMENTS Comments from members of the public on items not on this meeting agenda. The Chair may set time limit for speakers. Since these topics are non - agenda items, the Board may briefly respond to statements made or questions posed as allowed by the Brown Act Go v eminent Code Section 54954.2). Howev er, the Board may refer items to staff for attention, or have a natter placed on a future agenda, for a more comprehensive action report. OVE RST GHT BOARD MEF TING APRIL 24 2012 AGENDA A. PA MATTERS FOR CONS11DERATION 1, Motion to approve the Minutes of the April 13, 2012 Special Meeting. 2. RDA Successor Agency asset list. 3. Updated Cash Flow Projection and Review of Approved January — June Ro PS 4. Presentation and consideration of the draft Amended Reeogni cd Obligations Payments Schedule (ROPE) for the period July through December 2012. a. Presentation of draft RoPS . b. Consideration of notion to approve draft ROPE. 5. Future Agenda Items. a. Administrative Budget: i consideration of need for audit /RDA financial consulting assistance; ii identification of staffing and salaries in connection with the Successor Agency's proposed staffing of the Oversight Board. b. Reco rrnend tions pertaining to disposition 'demolition of properties previously held by the Redevelopment Agency. c. Report on any determination. by the State of California. Department of Finance on unfunded pension and liabilities being are enforceable obligation of the Successor Agency of a. Redevelopment Agency. d. Report on legal analysis pertaining to Harbor District Agreement and consideration of motion approving Harbor District Agreement as enforceable obligation of the Successor Agency. 6. Consideration of Regular meeting dates of the oversight Board. ADJOURNMENT Deputy City Clem OVERSIGHT BOARD MEETING APRIL RIL 41 1 AGENDA PAGE SPECIAL MEETING MINUTES 0 OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE CITY OF J �41IF0R� *o SOUTH SAN FRANCISCO REDEVELOPMENT AGENCY P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, California 94083 Meeting held at: MUNICIPAL SERVICES BUILDING COMMUNITY ROOM 33 ARROYO DRIVE SOUTH SAN FRANCISCO, CA FRIDAY, APRIL 13, 2012 CALL TO ORDER Tine: 1:00 p.m. T.T. C. T.T. PLEDGE OF ALLEGIANCE AGENDA REVIEW D RAFT Present: Boardmembers Beaudin, Christensen, Farrales, Nagel as alternate for B{oardmember Addiego, and Scannell, vxee Chairperson Porterfield and Chairperson Cullen. Absent: B ardmember A.ddieg . Led by Boar member Christensen. Chairperson Cullen stated this item was permanently added to allow for setting of the Agenda when necessary. To review was needed. PUBLIC COMMENTS Comments from members of the public on items not on this meeting agenda. The Chair may set time limit for speakers. Since these topics are non- agenda items, the Board may briefly respond to statements made or questions hosed as allowed by the Brown Act Government Code Section 54954.2). However, the Board may refer items to staff' for attention, or have a matter placed on a future agenda for a more comprehensive action report. None. MATTERS FOR CONSIDERATION 1, Motion to approve the Minutes of the April 10, 2012 Special Meeting. Motion -- Boar-dmernber Scannell /Second— Vice Chairperson Porterfield: to approve the Minutes of the . I 1 , 2 12 Special Meeting. Unanimously approved by voice Grote. 2. Resolution No. 1-2012 appointing State of California Department of Finance contact person pursuant to California Health & Safety Code Section 34179(h). At Chairperson ullen's suggestion, Boardmembers agreed the Resolution should be amended to include language encompassing the Finance Director's designee. Motion— Boardmernber Scannell /Second — B a.rdmember Farral s: to approve Resolution 1-+ 2012 as amended to include language encompassing the Finance Director's designee. Unanimously approved by voice vote. 3. Presentation and consideration of the draft Amended Recognized Obligations Payments Schedule (ROPE) for the period January through .tune 2012. a, Presentation on responses to questions from Oversight Board. Director of Economic and Community Development Van I uyn began a line by line summary of the final proposed ROPS highligbting changes to the "Six Month Total" column based upon actual invoices through April when available. Upon discussion of Item No. 26, which discussion is summarized below, Boardmembers requested that the R PS review focus on line items reflecting a discrepancy between the Auditor's and Successor Agency's proposed final number. Boardmembers further indicated they would inquire as to individual lime items about which they respectively had questions. Before addressing specific line items, City Attorney Matt s, ]director of Finance Steele and Redevelopment Consultant Sanchez provided a summary of discussions with and work product of MG, the accounting agency hired by the County Auditor. Staff relayed that 1IG: 1 declined to consider pertinent information provided to it on April 2, 2012 regarding the obligations; 2 made legal conclusions regarding the enforceability of the obligations that were outside the scope of'the audit and, in any event, not used on all available pertinent information- and conducted the audit pursuant to a surface level scope of work. Due to the nature of the Auditor's conclusions, staff believed the Successor Agency's proposed numbers most accurately reflected certain obligations. Before discussion of specific RPS line items ensued and in response to inquiry by Boardrnember Scannell, Counsel Labadie explained that any numbers agreed upon for inclusion in the "Total Remaining Debt or Obligations' column would be infonnationa.l only. The "Six Honda Total" column would be binding. OVERSIGHT BOARD APRIL 1 , 2012 MATES PAGE 2 • RPS Line Items 2 and 3 Debt Service Principal COPS and Interest CPS. Staff recommended the Six Month Total for these items be fan ed at $1 65,000 and $115,250 respectively. The Auditors' Schedule did not include this funding but invited the Oversight Board's discretion on the point. Staff explained the Auditor had made a legal determination that the 2004 Resolutions pursuant to which the Redevel opment Agency assumed the obligations were non-binding. Counsel L badie noted that without evidence to the contrary, the information presented lead him to conclude that these were enforceable obligations of the Redevelopment Agency. Boardmernber Christensen stated she believed items 2 and 3 reflected a legitimate expense of the Redevelopment Agency based on a 2004 obligation. Boardrnernb rs Beaudin and Nagel agreed. Chairperson Cullen solicited objection to including the obligations set f� rkh at items and 3 in the Six Month Total. Boardrnembers slid not object. ROPE Line Item 18 Oyster Point Ventures DDA- payable to Oyster Point ventures, LLC. chairperson Cullen questioned whether the tiered funding structure suggested by the Board at previous meetings required approval. After supplemental property tax estimate information pertaining to the project was Provided by Director van Duyn, staff acknowledged the Board's preference to satisfy the $29,463,230 obligation over time to be completely funded by 2016. Upon inquiry by staff, Bo rdr embers agreed to fend $6,000,000 in the current R PS' Six Month Total and $3 Million in every ensuing R PS through 2016, unless the project commenced sooner— in which case the entire amount would be presented for funding approval. *ROPS Line Item 20 Oyster Point ventures DDA- Legal /Staff Costs. Board .ember Christensen questioned the need for legal and staff costs in .April while the project was not yet underway. Staff explained costs were incurred to address issues related to mandatory dealings with the State Lands Commission. Future ROP S might include costs for the required property conveyances. Chairperson Cullen solicited agreement to inclusion of the obligation on the Six Month Total. Boardrnembers agreed. RDP S Line Item 21-23 Harbor District Agreement. Staff recommended that 2,63 5,000 (Item 21 ) and $1,793,248 (Item 22 ) be respectively maintained on the Total Remaining Debt or Obligations column. It was further recommended that $13,605.16 be reflected in the Six Month Total Column to fund staff and legal costs related to Project management. In the Present six moth period, this included dealing with reimbursements for wave attenuators as well as clods at the Harb or. City Attorney Matta explained staff s analysis concluding the underlying agreement represented n enforceable obligation of the Agency based on one or more of the following; 1 the Successor Agency is obligated to uphold the obligations of the Agency by AB 26; 2 Section 6.1 of the agreement indicates "the city with funding provided by the agency'; 3 the intent of the parties in the OVERSIGHT BOARD APRIL 13, 2012 MATES PAGE 3 context of the agreement entered in March 2011 , vas that the RDA would fund the obligation and the City would never be at risk. The Auditors' Schedule did not recognize this obligation because it reached a legal conclusion that Section 2 of the underlying agreement with the Harbor District automatically assigned the Redevelopment agency's obligations to the City. The Auditor's report further invited a legal determination or subsequent approval by the Oversight Board. Counsel Labadie advised that for the purposes of the Boards' decision making on the present R PS, maintaining the $2,635,000 and $1,793,248 in tie Total Remaining Debt or Obligations column would not obligate the board, but rather continue to note the obligations for informational purposes and present the issue for potential Department of Finance resolution. Boardmernbers agreed to leave the recommended announts reflected as Total Remaining Debt or Obligations at number 21 and 22 and to fend item 23 at $13,605.16 as a present Six Month 'Total obligation. At Boardrnember Beaudin's suggestion, the Board agreed to agendi. e consideration of its position on the enforceability of the Harbor District Agreement upon receipt of further legal analysis. o R P S Line Item 24 Miller Parking Structure. Upon inquiry by Boardmember Christensen, staff explained the Six Month Total costs related to existing purchase orders for design, an electrical contractor and the closing out of a project manager. Since the garage was a valid Redevelopment Agency expense in a Redevelopment Area and the loan forgiveness was reported to the State in a timely manner, City Attorney 1iattas opined it was an enforceable obligation. Counsel Labadie explained the loan forgiveness issue would be submitted to the State Controller for review. Boardmembers agreed to maintain the obligation in the Six Month Total column. RPS Line Item 26 418 Linden Housing Development. Based on current invoices and estimates through .tune 30, 2012, the auditor calculated a $11 9,711 total obligation payable as of January 1, 2012, but recognized only $12,753.50 as an enforceable obligation. Consultant Sanchez explained the auditor recognized the $12,753.50 payment made in January 2012, but refused to validate payments going forward because it concluded the contract could be terminated. Consultant Sanchez explained the subject contract pertained to consultant work for a fully entitled project located at 418 Linden Avenue. The consultant's work was 95% complete. Terrninating the contract would stall the project and projected tax revenue generation.. The Board supported reflecting the Six Month Total obligation on the present ROPE at $119, 711 Recess: 2:54 p.m, Meeting Resumed; 3 : 01 1.m. R PS Line Item No. 32 Two Housing Replacement Units and 33 .Related Staff Costs. Staff recommended maintaining the $900,000 obligation on the Total Remaining Debt or Obligations column. The Auditor's comments stated no binding agreement for two housing units OVERSIGHT BOARD APRIL 13, 2012 MINUTES PAGE 4 existed and invited additional information or other approval. City Attorney Mattas advised that statutory obligation to replace exists under California law because the two units were removed as part of a Redevelopment project in a Redevelopment area. Boardmembers agreed to continue reflecting this obligation. At Boardrnember Christensen's inquiry, City Attorney Mattas advised current staff costs reflected in fine item Igo. 33 related to work being done to meet the obligation, including options for buying down equity, etc. *ROSS Dine Item No. 53 Reserve for Existing Claims. City Attorney Mattas explained staff recommended $70,275.07 for inclusion on the Six Month Total because the claim was presently being defended in court. The Auditor did not validate the obligation because the litigation was not yet resolved. Boardmembers agreed to maintain the item on the Six Month Total. R PS Line Item 0 Maintenance of Non-housing properties. Boardmem.ber Christensen reminded staff of her preference for outsourcing property management. Staff acknowledged her request that this be considered in the future. R PS Line Items 63 and 64 Costs of Successor Agency Administra.tiOn. Boardmembers directed that the administrative costs not exceed the legally allowable level. R PS General Consideration of Paying off Debt including Bonds and other Obligations. At Bo rdmemb r Farrales suggestion the Board entertained a discussion related to allocating Six Month, Total funding to pay dory debt including bonds and ether obligations. Finance Director Steele presented a cash flow analysis providing an estimate of the funds that would be available for this purpose. Recess: 3:58 p.m. Meeting resumed. 4:09 p.m. The Board directed staff to have the final January 1, 2012- June 30, 2012 RP S reflect related bond calling, hovel deeasance and other actions satisfying debt obligations, subject to consultation with bond and other counsel. b. Consideration of motion to approve draft RCMP S . Motion— Boardmember Christensen/Second— Chairman Cullen: to approve the draft RDPS as presented to the Oversight Board at its Special. Meeting on Apr*l 13, 2012 with modifications as follows: line 21 Total Remaining Debt and Obligations $2,600,000; line 26 Six Month Total 11 9,711; and line 35 Total Remaining Debt and Obligations $100,000. In addition, the Board directs its Counsel and the Successor Agency's Counsel to consult with Bond Counsel as appropriate to confirm calling of bonds and lef'easnce are appropriate and within the authority of the Oversight Board to direct, and report back to the Chairperson and in Witten correspondence to the entire Board. Further, the following 3 lines will be added to the . S: (1) line 73 for a total of $1,950,000 as .set aside money from the current housing reserve to call OVERSIGHT BOA APRIL 13, 2012 MINUTES PAGE the 1999 housing revenue bonds on the next bond call date; 2 line 74 set aside $5,300,000 of the former 80% reserve to be placed in bond escrow account to call the following bonds at the next bond call dates and meet the following other obligation; 1999 COPS and the HUD loan; and (3) line 75 setting aside the remaining 80% reserves to be placed in a bond escrow account for the purpose of de easing the 2006 tax allocation bonds of the Redevelopment Agency in an amount up to, but not exceeding $60,000,000 even. Unanimously approved by roll call vote. 4. Future Agenda Items. a. Administrative Budget: i consideration of need for audit/RDA financial consulting assistance; (ii) identification of staffing and salaries in connection with the Successor Agency's proposed staffing of the Oversight Board. b. Consideration of Regular meeting dates of the Oversight Board. . Report on Properties previously held by the Redevelopment Agency and reeommendations for demolition where appropriate. d. Request for a dternination of the Mate of California Department of Finance on unfunded pension and liabilities being an enforceable obligation of the Successor Agency of Redevelopment Agency. Future Agenda Items discussed and referenced during the course of the meeting included: 1 submission of staff recommendations for disposition demolition of Redevelopment Agency properties; and 2 report on Legal analysis pertaining to Harbor District Agreement and consideration of Motion approving Harbor District Agreement as enforceable obligation of the Successor Agency. ADJOURNMENT Motion — Boardmernb r Beaudin /Second— Boardrnember Scannell: to adjourn the meeting. Unanimously approved by voice vote. Pursuant to the above motion, Chairman Cullen adjourned the meeting at 4:22 p.m. S rnitei: fpf r City of Sou Tartj �'i , City �lerk •�r "anci o Approved: Neil Cullen, chairperson Oversight Board for the Successor Agency to the City of South San Francisco Redevelopment Agency OVERSIGHT BOARD APRIL 13, 2012 MINUTES PAGE Redevelopment Successor Agency Oversight Board Zip H �° Staff Re art DATE: Aril 24, 2012 To: Members of the oversight Board FROM: Jim Steele, Finance Director SUBJECT: TRANSMITTAL of ASSET TRANSFER FORM o TLININC P oPEI T LISTING RECOMMENDATION It is eco mended that the Oversight Beard review the attached Asset Transfer Form outlining the property listing for the fornier Redevelopment Agency. BACKGROUND/DIS C SSION On April 17, 2012 staff transmitted the attached Asset Transfer Form to the State Controller's Office, as requested by that office. Page 1 of the form lists former Redevelopment Agency real Properties, which the Board has asked to see. Page 2 lists the non -real estate assets (cash, etc.. f By: Approved. .�. . -. Jim Steelector Marty Van uyn Finance Assistant City Tanager an ,Director of Economic and Community Development Attachment: Asset Transfer Form . /Wed o N 0) Q r CD CD co fl? Co m � E Z^- = ❑ co w co Of d W ❑ H < LU r �-' ❑ W V 0 U ❑ c Li w I-- r� w z C) LL a? 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CCS Q7 Q m T Lt 3 N LO M En fit Ln LO LO Redevelopment Successor Agency Oversight Board LIFOR� Staff Report DATE: April 24, 2012 TO: Members of the Oversight Board FROM: Jim Steele, Finance Director SUBJECT: TRANSMITTAL OF CORRECTED CASH FLOW ESTIMATE TO TAXING ENTITIES AND REVIEW OF APPROVED RECOGNIZED OBLIGATIONS PAYMENT T SCHEDULE FOR JANUARY THROUGH JUNE 2012 RECOMMENDATION It is recommended that the oversight Board review the attached cash flow projection, which is a correction to the projection provided at the April 13, 2012 Board meeting. No action is required unless the Board wishes staff to amend the approved Recognized obligations Payment Schedule (ROPS) to correct for a calculation error (see below). BACKGROUND/DISCUS SIO On April 1 , 2 I2 the Board was provided with an estimate of th c . that old be o in t�o t taxing entities over the next four years if the ROPS for the January through .Tune 2012 timeframe was approved. That ROPS was approved with amendments, and is attached here for information purposes. The cash flow schedule reviewed by the Board on the 13th erroneously had dollars shown as allocated towards paying off the 1999 Conference Center Bonds and the Housing and Urban Development HUD Loan in both the January through June 2012 and the July through December 2012 tirnefr me . It also erroneously miscalculated debt service and interest earnings on the estimated bond defeasement account for the 2006 Redevelopment Agency (RDA) Tax Allocation Bonds (TABS). Staff understood the Boards intention was that the amount that will flow to the bond escrow account to defense the 2006 TABS (line 7 5 o f the ROPE) would be the last item funded from available reserves In June 2012, that is, whatever is left in the Non-Housing fund balance as of June 30, 2012 after all the other obligations have been paid would flow into the 2006 band escrow account. The attached corrected ROPE therefore shows a lower amount flowing to the 2006 bonds at the end. These errors will not negatively impact taxing entities in this January through June 2012 corrected. ROPE. This revised estimate is more accurate of the cash flow which could accrue to the taxing entities in 2012-13 and in later years. In 2012- 1 , taxing entitles will actually receive MORE taxes, as the called bonds had been accounted for twice in the erroneous cash flow projection from April 1 , 2012. Staff will work with the County Controller's Office so they understand the changes impacting the January through .tune 2012 ROP S . Alternatively, the Board could direct staff to correct the January through June Staff Report Subject: Revised Property Tax Cash Flow Estimate Page 2 2012 BOPS and resubmit it to the State and County. If the Board so preferred, it could direct staff to . ju t line 7 for funding the escrow account for the 2006 TABS from the prior erroneous number of $60 million down to a revised number not to exceed $52 million via motion. FISCAL IMPACT Based on that amended, approved IPS, staff' projects that the taxing entities will receive he attached estimates of cash flow from property taxes through 2017, with approximately $32.3 million flowing from a one -time fund balance in June 2012, and with $16.7 million to taxing entitles in fiscal year 2012-13, and growing hereafter. It should be emphasized that these are only estimates. 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Board L C4 No kon t�° Staff Rep ort DATE: April 24, 2012 TO: Members of the Oversight Board FROM: Jim Steele, Finance Director SUBJECT: REVIEW OF THE DRAFT RECOGNIZED OBLIGATIONS PAYMENT SCHEDULE FOR THE PERIOD JULY THROUGH DECEMEBER 2012 RECOMMENDATION It is recommended that the Oversight Board review and comment on the attached draft Recognized Obligations Payment Schedule (ROPE ) for the period July through December 2012. BACKGROUND/DIS CUS SION On April 13, 2012 the Board approved the R. PS for the period January through June 2012. Attached please find the next six month period ROPS. This R. PS will form the basis for the County's distribution of property taxes to the City as Successor Agency to pay enforceable obligations for the period July through December 2012. Due to scheduling constraints., staff requests the Board review and comment on the attached draft ROPS. This draft will be presented to the Successor Agency tomorrow night, April 25, 2012. Staff requests the Board defer final approval of the draft ROPS until a later meeting, but prior to May 11, 2012. d1o, By: Approved* I.-_ Jim Steele Marty Vain Dun }. Finance Director Assistant City Manager and Director of Economic and Community Development Attachment: Draft ROPS for July through December KR/JS/13N:ed ( E m � � O C] � Y 0 N r 0 CJ? {6 Q (Z � CL 4 F m 2 LU U C U- C ❑ U C m C 0} C1 0 ❑ a� 0 (1) E z N N ` W LU co 2 LLI uj 0 2 0 0 `2 i J D w LLI a LLI 2 H w v LL J 1..1 LLI rrX Vi Z CW G Q 0. 2 0 F- V rQr� J m 0 cl LLI N_ Z 0 0 LLI w LL ii a rl- T O V a 0 LA C t w.+ ly 1.. tl7 a 0 - C7 a Q O 0 a co w r N r T O a Q O 0 0 C3 a t0 O O O k Ca a Q O CD CO CD o Q O Ca 0 CJ a Q O a 0o Q a d O a N j Q o 06 Liz M1 � ` Q a 6 L!7 i•_ CO Q a 6 O a a 1 Q 0 � r M1 M1 m CD � N M1 Q7 Q 0 [7 eY co r Q 0 CL co T-- r Q 0 6 0 0 a Q 0 O a 0 N r Q Q r Do 0 o a � m a fl- T T LO i ` L(] [D C6 C ❑ x 0) t. 69 a LC] T 69 LO 6g a CD co 64 69 r Ea 0 CD N oa 64 Y 6% 63 N oa 64 63l 69• 69• co 64 69• Q0 CO r e9- N bc} M1 691 00 60 Co 64 LO 69- 64 60- O Qo rn P- 0 CQ r a a r r 64 69 64 69 Lo Lr) O (.0 Ca Cf) ►c7 r M1 OD N 0 cfl C) r� CD r r- N O a CD O a Ca a CD O O_ C` ] 0 a a O o CD a O O o C7 LC] co (d Cb ifl C•7 a 0 th 0] r` a 0 d a 0 LO 0 0 r � a 0 C7 0 co r 0 0 N N CD Ci7 a o C) d C) N p 2 `A ❑ ❑ G c1rj O C] T Cl r r r r Q0 P+ r? 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