HomeMy WebLinkAbout06. ROPS 14-15B ResoOVERSIGHT BOARD MEMORANDUM
DATE: Septe m ber 18, 2014
TO : C HA IR A N D MEMBERS OF T H E OVERSIGHT BOARD
FROM: G ILBERT A. LIVAS , Executive Director, Downey Successor Agency
SUBJECT: RESOLUTION APPROVING ROPS 14-15B FOR THE PERIOD OF
JANUARY 1 , 2015 THROUGH JUNE 30 , 2015
RECOMMENDATION
That the O vers ight Board adopt the following Reso lution :
A RESOLUTION OF THE OVERSIGHT BOARD TO THE
DOWNEY SUCCESSOR AGENCY APPROVING THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE
PERIOD OF JANUARY 1 , 2015 , THROUGH JUNE 30 , 2015
BACKGROUND I DISCUSSION
The Downey Su ccessor Agency is tasked with winding down t he redevelopment
affairs of the f o rmer D owney Community Development Commission (C D C),
including the admini st ra t ive tasks of preparing t he recognized debt payment
sched u les re qu ire d u nder Assembly Bill x1 26 .
Pursuant to the time l ine in the Legislation , the ROPS for the next six-month
period m ust be s u bmitted to the Oversight Board for its review and approval.
The ROP S must a lso be submitted to the Departme nt of Finance (DOF), the
State Co ntrolle r , and the Los Angeles County Aud itor-Controller by October 3 ,
2014 .
T his ROPS c overs th e six-mo nth period f ro m J a nu a ry 1, 2015 through J une 30 ,
20 15 , a nd o nly debts l is t ed on an approved RO PS may be paid with fun d s
received by t he Su ccessor Agency from t he Redevelopment P roperty T ax Trust
Fund (R PTTF). T he S uccessor Agency is requesting app roval for $286 ,310 in
RPTTF fo r e nforceable debt obligations due in the app l icable six-month period .
Below is a brief description of the debt obligations listed in the attached ROPS
14-15B .
1997 Tax Allocation Bonds -In 1997, the CDC issued $9 ,925 ,000 in Refunding
Tax A ll ocation Bo nds to defease outstanding balance on the 1990 Bonds and to
repay accrue d prin ci pa l and interest on note obligations to the City of Downey .
T he ROPS in cl udes $161 ,310 for the next schedu led bond payment which is due
Resolutio n Approvi ng the Recognized Obligation
Payment Schedule (ROPS)
September 18 , 2 01 4
Page 2
i n January 2015 . The outstanding balance of the Bonds as of June 30 , 2014 was
$8,97 7 ,748.
A d ministrative Cos ts -The ROPS includes $125 ,000 to offset administrative
expenses incu rre d by the Successor Agency. Per AB x1 26 , the Successor
Agency m ay receiv e an "administrative allowance " for certain admin istrative
expenses inc urre d by the Successor Agency. The maximum amount the
Successor Age ncy can receive is $250 ,000 per fiscal year. The Successor
Agency is requestin g half of the allowed allocation for every six month ROP
cycle .
FISCAL IMPACT
Approval of ROPS 14-158 would provid e a sufficient distri bution of RPTIF
fun di ng to enab le the Downey Succ essor Agency to fu lf il l its obligations under
ABx1 26
Attach me nts : "A "-Resolution , with ROPS 14-158
OVERSIGHT BOARD RESOLUTION NO. __
A RESOLUTION OF THE OVERSIGHT BOARD TO THE DOWNEY
SUCCESSOR AGENCY APPROVING THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2015 THROUGH
JUNE 30, 2015
WHEREAS, as a result of the passage of Assembly Bill 26 from the 2011 -12 First
Extraordinary Session of the California Legislature ("ABx1 26" or the "Dissolution Act"), the
redevelopment functions of the Downey Community Development Commission (CDC) were
dissolved on February 1 , 2012 ; and
WHEREAS, pursuant to Assembly Bill 1484 of the 2011-12 Legislative Session ("AB
1484"), the Successor Agency to the d issolved redevelopment functions of the Downey
Community Development Commission ("Successor Agency") is a separate public agency now
charged with winding down the CDC's redevelopment affairs, including making payments due
for enforceable obligations (as defined in the Dissolution Act}, and perform obligations required
pursuant to enforceable obligations ; and
WHEREAS, the Oversight Board to the Successor Agency to the dissolved
redevelopment agency functions of the Downey Community Development Commission has
been appointed pursuant to the provisions of Health & Safety Code Section 34179; and
WHEREAS, pursuant to Health and Safety Code sections 34177(1) and 34180(g), the
Oversight Board must approve a Recognized Obligation Payment Schedule for it to become
established , valid , and operative for the applicable six-month fiscal period.
NOW, THEREFORE, BE IT RESOLVED by the Oversight Board as follows:
SECTION 1. The foregoing Recitals are true and correct and are incorporated herein.
SECTION 2. The Recognized Obligation Payment Schedule (''ROPS") covering the
period of January 1, 2015, through June 30, 2015, attached hereto and incorporated herein by
reference as Exhibit "A ", is hereby approved pursuant to Health and Safety Code Sections
34177 and 34180, and any other law that may apply to the approval by the Oversight Board of
the identified ROPS for the identified periods.
SECTION 3. The Secretary or authorized designee is hereby directed to post this
Resolution and the identified ROPS for the identified periods on the Successor Agency's
website, and to provide a copy of the identified ROPS for the identified periods to the State
Controller's Office, State Department of Finance , and the County Auditor-Controller.
Attachment "A"
OVER SIGHT BOARD RESOLUTION NO.
PA GE2
SECTION 4. The Secretary shall certify t o the adoption of this Resolution.
PASSED AND ADOPTED by the Oversight Board at a meeting held on the 18th day of
September, 2014.
CHAIR , OVERSIGHT BOARD
ATTEST:
SECRETARY, OVERSIGHT BOARD
STATE OF CALIFORNIA
COUNTY OF ) SS
CITY OF )
I, , Secretary to the Oversight Board , hereby certify that the f oregoing
resolution was duly adopted at a meeting of the Oversight Board , held on the 18th of September,
2014 .
AYES : BOARD MEMBERS:
NOES : BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
ABSTAIN : BOARD MEMBERS:
S ECRETARY, OVERSIGHT BOARD
OVERSIGHT BOARD RESOLUTION NO.
PAGE3
EXHIBIT "A"
Recognized Obligation Payment Schedule 2014-15B
(To Be Attached)
Re
c
o
g
n
i
z
e
d
Ob
l
i
g
a
t
i
o
n
Pa
y
m
e
n
t
Schedule (ROPS 14-158)-Summary
Fi
l
e
d
fo
r
th
e
Ja
n
u
a
r
y
1,
20
1
5
through June 30, 2015 Period
Na
m
e
o
f
Su
c
c
e
s
s
o
r
Ag
e
n
c
y
:
Do
w
n
e
y
Na
m
e
o
f
Co
u
n
t
y
:
Lo
s
An
g
e
l
e
s
Cu
r
r
e
n
t
Pe
r
i
o
d
Re
q
u
e
s
t
e
d
Fu
n
d
i
n
g
fo
r
Ou
t
s
t
a
n
d
i
n
g
De
b
t
o
r
Ob
l
i
g
a
t
i
o
n
En
f
o
r
c
e
a
b
l
e
Ob
l
i
g
a
t
i
o
n
s
Fu
n
d
e
d
wi
t
h
No
n
-
R
e
d
e
v
e
l
o
p
m
e
n
t
Pr
o
p
e
r
t
y
Tax Trust Fund (RPTTF) Funding
A
So
u
r
c
e
s
(B
+
C
+
D
)
:
B
Bo
n
d
Pr
o
c
e
e
d
s
Fu
n
d
i
n
g
(R
O
P
S
De
t
a
i
l
)
C
Re
s
e
r
v
e
Ba
l
a
n
c
e
Fu
n
d
i
n
g
(R
O
P
S
De
t
a
i
l
)
D
Ot
h
e
r
Fu
n
d
i
n
g
(R
O
P
S
De
t
a
i
l
)
E
En
f
o
r
c
e
a
b
l
e
Ob
l
i
g
a
t
i
o
n
s
Fu
n
d
e
d
w
it
h
RP
T
I
F
Fu
n
d
i
ng
(F
+
G
)
:
F G
No
n
-
A
d
m
i
n
i
s
t
r
a
t
i
v
e
Co
s
t
s
(R
O
P
S
De
t
a
il
)
Ad
m
i
n
i
s
t
r
a
t
i
v
e
Co
s
t
s
(R
O
P
S
De
t
a
i
l
)
H
Cu
r
r
e
n
t
Pe
r
i
o
d
En
f
o
r
c
e
a
b
l
e
Ob
l
i
g
a
t
i
o
n
s
(A
+
E
)
:
Su
c
c
e
s
s
o
r
Ag
e
n
c
y
Se
l
f
-
R
e
p
o
r
t
e
d
Pr
i
o
r
Pe
r
i
o
d
Ad
j
u
s
t
m
e
n
t
t
o
Cu
r
r
e
n
t
Pe
r
i
o
d
RPTIF Requested Funding
En
f
o
r
c
e
a
b
l
e
Ob
li
g
a
t
i
o
n
s
fu
n
d
e
d
wi
t
h
RP
T
I
F
(E
)
:
J
Le
s
s
Pr
i
o
r
Pe
r
i
o
d
Ad
j
u
s
t
m
e
n
t
(R
e
p
o
r
t
of
Pr
i
o
r
Pe
r
i
o
d
Ad
j
u
s
t
m
e
n
t
s
Column S)
K
Ad
j
u
s
t
e
d
Cu
r
r
e
n
t
Pe
r
i
o
d
RP
T
I
F
Re
q
u
e
s
t
e
d
Fu
n
d
i
n
g
(1
-
J
)
Co
u
n
t
y
Au
d
i
t
o
r
Co
n
t
r
o
l
l
e
r
Re
p
o
r
t
e
d
Pr
i
o
r
Pe
r
i
o
d
Ad
j
u
s
t
m
e
n
t
to
Cu
r
r
e
n
t
Period RPTIF Requested Funding
L
En
f
o
r
c
e
a
b
l
e
Ob
l
i
g
a
t
i
o
n
s
fu
n
d
e
d
wi
t
h
RP
T
T
F
(E
)
:
M
Le
s
s
Pr
i
o
r
Pe
r
i
o
d
Ad
j
u
s
t
m
e
n
t
(R
e
p
o
r
t
of
Pr
i
o
r
Pe
r
i
o
d
Ad
j
u
s
t
m
e
n
t
s
Column AA)
N
Ad
j
u
s
t
e
d
Cu
r
r
e
n
t
Pe
r
i
o
d
RP
T
I
F
Re
q
u
e
s
t
e
d
Fu
n
d
i
n
g
(L
-
M
)
Ce
r
t
i
f
i
c
a
t
i
o
n
of
Ov
e
r
s
i
g
h
t
Bo
a
r
d
Ch
a
i
r
m
a
n
:
Pu
r
s
u
a
n
t
to
Se
c
t
i
o
n
34
1
7
7
(m
)
of
th
e
He
a
l
t
h
an
d
Sa
f
e
t
y
co
d
e
,
I
he
r
e
b
y
ce
r
t
i
f
y
th
a
t
th
e
ab
o
v
e
is
a
tr
u
e
an
d
ac
c
u
r
a
t
e
Re
c
o
g
n
i
z
e
d
Ob
l
i
g
a
t
i
o
n
Pa
y
m
e
nt
Sc
h
e
d
u
l
e
fo
r
th
e
ab
o
v
e
na
m
e
d
ag
e
n
c
y
.
Donald LaPlante Name ~ Six-Month Total $ $ $ $ 286,310 161,310 125,000 286,310 286,310 286,310 286,310 286,310 OverSight Board Chairman Title ~~------------------Signature Date
Co
n
t
r
a
c
t
/
A
g
r
e
e
m
e
n
t
I Co
n
t
r
a
c
t
/
A
g
r
e
e
n
M
n
t
Re
c
o
g
n
i
z
e
d
Ob
l
i
g
a
t
i
o
n
Pa
y
m
e
n
t
Sc
h
e
d
u
l
e
(R
O
P
S
14
-
1
5
8
)
-
RO
P
S
Detail
Ja
n
u
a
r
y
1,
20
1
5
th
r
o
u
g
h
Ju
n
e
30
,
20
1
5
(Rep
o
n
Am
o
u
nt
s
in
Wh
o
l
e
Do
l
l
a
r
s)
To
t
a
l
Ou
t
s
t
a
n
d
i
ng
Debt Bond Proceeds s -Is
Re
c
o
g
n
i
z
e
d
Ob
l
i
g
a
t
i
o
n
Pa
y
m
e
n
t
Sc
h
e
d
u
l
e
(R
O
P
S
14
-
1
5
8
)
-
Re
p
o
r
t
o
f
Cash Balances
(R
e
p
o
r
t
Am
o
u
n
t
s
In
Wh
o
l
e
Do
l
l
a
r
s
)
Pu
r
s
u
a
n
t
to
He
a
lt
h
an
d
Sa
f
e
t
y
Co
d
e
se
c
t
i
o
n
34
1
7
7
(I
)
,
Re
d
e
v
e
l
o
p
m
e
n
t
Pr
op
e
r
t
y
Ta
x
Tr
u
s
t
Fu
n
d
(R
P
T
T
F
)
m
a
y
be
li
ste
d
as
a
so
u
r
c
e
o
f
pa
y
m
e
n
t
o
n
the ROPS, but only to the extent no other funding source is available or
wh
e
n
pa
y
m
e
n
t
fr
o
m
pr
o
p
e
r
t
y
ta
x
re
v
e
n
u
e
s
is
re
q
u
i
r
e
d
by
a
n
en
f
o
r
c
e
a
b
l
e
ob
l
i
g
a
t
i
o
n
.
Fo
r
ti
p
s
o
n
h
o
w
to
co
m
p
l
e
t
e
th
e
Re
p
o
r
t
o
f
Ca
s
h
Ba
l
a
n
c
e
s
Form, see https:ljrad.dof.ca.gov/rad-
~a
L
p
df
L
C
a
sh
Ba
l
a
n
c
~
~~
n
~
Ti
p
s
Sh
~
e
t
.
p
d
f
.
A
B
c
D
E
F
G H I
Fu
n
d
S
o
u
r
c
n
Bo
n
d
Pr
o
c
e
e
d
s
R
n
e
r
v
e
S.
l
a
n
c
e
Other RPTTF
pe
r
i
o
d
ba
l
a
n
c
e
s
Pr
l
o
r
R
O
P
S
an
d
DD
R
RP
T
T
F
Bo
n
d
s
Is
s
u
e
d
Bo
n
d
s
Is
s
u
e
d
RP
T
T
F
di
s
t
r
i
b
u
t
e
d
as
Rent, Non·Admln
o
n
o
r
be
f
o
r
e
on
o
r
af
t
e
r
ba
l
a
n
c
e
s
re
s
e
r
v
e
fo
r
Grants, and
Ca
s
h
Ba
l
a
n
c
e
ln
f
o
n
n
a
t
i
o
n
by
RO
P
S
Pe
r
i
o
d
12
/
3
1
/
1
0
01
/
0
1
1
1
1
re
t
a
i
n
e
d
fu
t
u
r
e
pe
r
l
o
d
(
s
)
I
nterest, Etc. Admin Comments
RO
P
S
13
·
1
•
8
Ac
t
u
a
l
s
(0
1
/
0
1
/
1
•
-
06
1
3
0
/
1
•
1
1
Be
g
i
n
n
i
n
g
Av
a
i
l
a
b
l
e
Ca
s
h
S
.
l
a
n
c
e
(A
c
t
u
a
l
01
/
0
1
/
1
4
1
-
(336.108
2
Re
v
e
n
u
e
n
n
c
o
m
e
(A
c
t
u
a
l
06
/
3
0
/
1
•
)
RP
T
T
F
am
o
u
n
t
s
sh
o
u
l
d
ti
e
to
th
e
RO
P
S
13
-
1
4
8
di
s
t
r
i
b
u
t
i
o
n
fr
o
m
th
e
Co
u
n
t
y
Au
d
~
o
r
-
C
o
n
t
r
o
l
l
e
r
du
r
i
n
g
Ja
n
u
a
r
y
20
1
4
590,404
3
Ex
p
e
n
d
i
t
u
r
e
s
fo
r
RO
P
S
13
-
1
4
8
En
f
o
r
c
e
a
b
l
e
Ob
l
i
g
a
t
i
o
n
s
(A
c
t
u
a
l
06
/
3
0
/
1
•
1
RP
T
T
F
am
o
u
n
t
s
,
H3
pl
u
s
H4
sh
o
u
l
d
eq
u
a
l
to
t
a
l
re
p
o
r
t
e
d
ac
t
u
a
l
ex
p
e
n
d
i
t
u
r
e
s
in
th
e
Re
p
o
r
t
of
PP
A
,
Co
l
u
m
n
s
La
n
d
Q
255,208
•
Re
t
e
n
t
i
o
n
o
f
Av
a
i
l
a
b
l
e
Ca
s
h
Ba
l
a
n
c
e
(A
c
t
u
a
l
06
1
3
0
/
1
•
)
RP
T
T
F
am
o
u
n
t
re
t
a
i
n
e
d
sh
o
u
l
d
on
l
y
in
d
u
d
e
th
e
am
o
u
n
t
s
dist
r
i
b
u
t
e
d
fo
r
de
b
t
se
r
v
i
c
e
re
s
e
r
v
e
(
s
)
ap
p
r
o
v
e
d
in
RO
P
S
13
-
1
4
8
5
RO
P
S
13
·
1
•
8
RP
T
T
F
Pr
i
o
r
Pe
r
i
o
d
Ad
j
u
s
t
m
e
n
t
RP
T
T
F
am
o
u
n
t
sh
o
u
l
d
ti
e
to
th
e
se
l
f
-
r
e
p
o
r
t
e
d
RO
P
S
13
-
1
4
8
PP
A
in
th
e
No
en
t
r
y
re
q
u
i
r
e
d
Re
p
o
r
t
of
PP
A
,
Co
l
u
m
n
S
-
6
En
d
i
n
g
Ac
t
u
a
l
Av
a
i
l
a
b
l
e
Ca
s
h
S
.
t
.
n
c
e
C
to
G
•
(1
+
2
•
3
•
•1
.
H
•
(1
+
2
-
3
-
.
-
5)
-
-
-
-
-(912)
RO
P
S
1o
4
-
1
5
A
Es
t
i
m
a
t
e
(0
7
/
0
1
/
1
•
-1
2
1
3
1
/
1
4
)
7
Be
g
i
n
n
i
n
g
Av
a
l
t
.
b
l
e
C
u
h
S
.
l
a
n
c
e
(A
c
t
u
a
l
07
/
0
1
/
1
•
1
(C
,
0
,
E,
G
•
•
+
6,
F
•
H
•
+
F
•
+
F6
,
an
d
H
•
5
+
61
-
-
-
-(9121
8
Re
v
e
n
u
e
n
n
c
o
m
e
(E
s
t
i
m
a
t
e
12
/
3
1
/
1
•
1
RP
T
T
F
am
o
u
n
t
s
sh
o
u
l
d
ti
e
to
th
e
RO
P
S
14
-1
5
A
d
is
tr
i
b
u
t
i
o
n
fr
o
m
th
e
Co
u
n
t
y
Au
d
~
o
r
-Con
t
r
o
l
l
e
r
du
r
i
n
g
Ju
n
e
20
1
4
-
-
-
1,387,383
9
Ex
p
e
n
d
!
t
u
m
fo
r
RO
P
S
1
•
·
15
A
En
f
o
r
c
e
a
b
l
e
Ob
l
i
g
a
t
i
o
n
s
(E
s
t
i
m
a
t
e
12
/
3
1
/
1
4
1
1,311,606
10
Re
t
e
n
t
i
o
n
o
f
Av
a
i
l
a
b
l
e
Ca
s
h
S
.
l
a
n
c
e
(E
.st
i
m
a
t
e
12
1
3
1
/
1
•
1
RP
T
T
F
am
o
u
n
t
re
t
a
i
n
e
d
sh
o
u
l
d
on
l
y
in
d
u
d
e
th
e
am
o
u
n
t
d
ist
r
i
b
u
t
e
d
fo
r
de
b
t
se
r
v
i
c
e
re
s
e
r
v
e
(
s
)
ap
p
r
o
v
e
d
in
RO
P
S
14
-
1
5
A
11
En
d
i
n
g
Es
t
i
m
a
t
e
d
Av
a
i
l
a
b
l
e
Ca
s
h
Ba
l
a
n
c
e
(7
+
8
-
9
-1
01
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-7•,865 I I
Re
c
o
g
n
&
H
d
Obl
l
g
o
t
lo
n
P
•
_
.
,
.
k
h
o
d
u
l
o
iR
O
P
S
14
-
1
5
8
)
.
~
o
f
Pr
l
o
<
Par
l
o
d
Ad
j
u
s
t
.
.
.
.
.
.
.
Re
p
o
r
t
e
d
fo
r
th
4
l
RO
P
S
1)
.
.
1
4
8
(J
i
n
u
a
r
y
1,
20
1
4
th
r
o
u
g
h
Ju
n
e
30
,
20
1
4
)
Pe
r
i
o
d
Pu
r
s
U
I
I
n
t
to
HM
i
t
h
1n
d
S
.
r
.
t
y
Co
d
e
(H
S
C
)
MCtion 34185 (1)
[R
_
,
A
i
n
o
<
H
I
<
s
In
Wh
o
l
o
Do
t
l
o
t
s
)
~1
)
.
1
4
8
1
u
c
c
H
H
t
A
e
r
q
(
I
A
)
S
i
i
t
~
"
*
'
-
k
M
t
.
.
.
.
.
"'
*
"
-
O
"
"
A
)
:~t
o
H
S
C
S
e
c
i
o
n
3
4
1
M
(
a
)
,IA
I
-
~
t
o
M
!
p
O
f
t
h
.
,
.
.
_
~
.
_
-
*
I
I
I
W
I
I
M
i
i
l
~
l
f
t
d
-
-
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
fo
r
l
t
l
e
R
O
P
a
1
3
-
1
4
1
(
~
.
.
.
.
.
.
.
Jw
n
e
2
0
1
4)t
l
*
i
o
d
T
M
~
o
f
R
.
.
.
.
.
.
.
.
.
.
.
.
~T
•
T
N
I
I
F
u
n
d
(
R
P
T
T
F
)
.......... Jorlt.
R0
P
S
1~
1
5
1
1
(
.
-
.
,
.
.
y
l
h
r
a
u
a
t
i
.
V
.
20
1
5
)
Mf
t
o
d
,
_
.
b
e
o
n
.
t
W
h
i
A
.
.
.
.
.
.
.
.
.
.
.
.
a
l
RO
P
I
1).
1
4
8
Dr
i
o
f
Dl
f
b
t
.
.
.
,
.
.
_
.
HS
C
a.
c
:
:
t
i
o
n
3
4
1
1
1
(
a
)
.
_
.
.
,
.
.
_
.
.
h
pr
t
o
r
l*
t
o
d
.
.
.
.
.
_
.
.
.
.
~
D
r
1
M
.
.
.
~_
t
o
_
I
U
d
i
i
_~
_
I
N
~
_ .
.
.
.
.
.
.
.
_
I
C
A
C
)
.
.
.
.
.
.
.
.
.
.
eo
r
.
o
e
.
.
A
I
I
I
c
I
D
I
.
I
,
I
0
I
H
I
I
I
J
I
K
I
L
I
M
I
.
I
0
I
.
I
Q
I
. I.
Pr
c
+
K
t
..
.
,
.
.
.
,
Ot
b
l
.
.
_
.
I
C
*
l
g
l
t
i
o
n
1
I
11
8
7
T
•
A1
a
a
1
i
o
n
BO
n
d
2
I
A
n
n
W
.
,
.
I
OP
A
S
i
l
!
l
a
l
n
B
i
o
l
q
iO
P
A
.
41
~
&
-
-
D
i
e
l
l
l
r
W
'
I
I
p
IO
P
A
,
-
-
~
-
L
A
~
-
~
-
81
T
M
"
"
'
-
1
~
1
1
~
~
e
I
o.
.
n
w
c
8
l
l
r
d
1A
8
1
1
1
t
I
<:
a
y
L
O
W
I
~
e
l
&
10
I
C
l
y
L
O
W
I
~
t :z
e
1
1
1
C
i
y
L
W
1
~
·27
12
Cly
c
.
o
.
t
.
.
.
,
.
.
.
_
.
.
.
,,
,
,
C
l
y
l
.
W
I
.
.
.
.
.
.
.
.
.
.
.
33
,
.
C
t
r
'
-
-
.
.
.
.
.
.
.
.
.
.
.
35
,
,
C
l
y
i
.
A
M
.
.
.
.
.
.
.
.
.
.
.
31
11
1
P
W
!
k
w
.
t
.
.
.
.
.
.
-
17
C
l
y
N
d
.
.
.
.
.
~
11
I
c
t
r
L
.
o
e
n
.
.
.
.
,
_
.
.
t
28
11
I
ay
~
.
.
.
.
.
.
,
.
.
_
,30
20
I
at
y
~
.
.
.
,
.
.
_
.
,
,
7
...
.
.
.
_
..
.
.
.
,
_
.
.
.
.
,
..
.
.
.
.
.
...
..
.
.
.
.
.
"
"
'
..
_
I
RP
T
T
F
·
-
-.
.
.
.
.
..
.
.
.
.
.
.
"
"
-
..
.
.
.
.
,.
.
.
,
.
...
.
..
.
.
.
.
,.
.
.
,
.
...
.
..
.
.
.
.
.
I
s
·
I
$
.
. .
-
Av
a
i
&
~
D
t
.
t
..
.
.
.
.
.
.
(R
O
P
S
13
-
1
4
8
dl
l
t
r
t
l
:
d
l
d
+
.
.
a.-
1
N
e
t
L
.
.
.
M
r
o
f
.
.
,
.
.
.
.
.
.
.
•
o1
A
u
i
M
r
i
u
d
I
Aue
h
o
f
~
.
t
e
c
~
I
01
1
1
1
1
•
>
..
.
.
.
.
.
.
w
.
47
3
.
3
0
0
I
$
13
0
.
2
0
8
I
s
13
0
.
2
0
8
I
s
•7
3
.
3
0
0
I
13
0
.
2
0
8
I
t3
0
.
2
0
8
..
.
.
.
.
.
.
,
.
(
l
f
K
i
a
-
.
t
t
W
'
I
L
.
...
.
--
..
Ad
u
M
I
n
f
O
)
13
0
,
2
0
8
1
s
-
I
s
•3
0
.
2
0
0
A
.
.
O
,
_
..
.
,
.
(R
O
P
$
1
)
.
.
1
4
8
cl
l
t
l
1
b
u
l
l
l
l
d
•
l
l
l
a
l
h
W
__
..
.
.
.
.
,
_
I
H
d
I
ot
i
1
1
1
4J
12
5
.
0
0
0
I
s
12
5
.
0
0
0
IS
1~
.00
0
1
~
.00
0
-
..
.
.
.
.
.
.
.
.
.
.,
..
.
.
.
,
_
.
.
.
.
,
A .
.
.
,
_
t~
.oo
o
I
s
1a
5
.0
0
0
..
.
.
.
.
.
.
.
,
.
(I
f
.
.
.
.
.
-...
~
~
1
0C.I __ ...
to
U
I
~
I
a
Ac
'
t
w
l
I
ze
t
"
O
I
t2
5
.
0
0
0
I
s
12
5
,00
0
NoiiA-IInCIAIIfllftlnWA _.... ...... Of'fMttiiOf"l14-118 _ ... """"' .............. -SAC.....-I MIINta-t•CAC"'A:To._........,.._ .. CN:...,._.......,crt .. ROPS1..._1SII'W' .. IAIDFNnoe.W .. CN;. ........ CAC. .............. _flrnUMII .... Iaon ............ IID .. _Ift....,e.r.-..... .. PPA. AM.-.e.. .. A*'*' ....... ...................................................... ...... u I • I w I • I y I z I AA I ...._ .. -· ------....... _ ... ........ -· ---------__ .. OWMt ........ ,. -""""' ...,__ . .. _I
No
t
e
s
/
C
o
m
m
e
n
t
s
No
n
e
fo
r
RO
P
S
14
-
1
5
8
Re
c
o
g
n
i
z
e
d
Ob
l
i
g
a
t
i
o
n
Pa
y
m
e
n
t
Sc
h
e
d
u
l
e
(ROPS 14-158)-Notes
Ja
n
u
a
r
y
1,
20
1
5
th
r
o
u
g
h
Ju
n
e
30, 2015