HomeMy WebLinkAbout02-16-2006 Housing & Community Development Commission
AGENDA
HOUSING AND COMMUNITY DEVELOPMENT COMMISSION
IOWA CITY PUBLIC LIBRARY, ROOM A
123 S. Linn Street, Iowa City
THURSDAY, FEBRUARY 16, 2006
6:30 P.M.
1. Call Meeting to Order
2. Approval of the January 19, 2006 Minutes
3. Public Comment of Items Not on the Agenda
4. Discussion of Recommendations to Council for FY06 Housing Sites
5. Discussion Regarding Applications for FY07 Community Development Block Grant
(CDBG) and HOME Investment Partnership Program (HOME) Funding
-- Question/Answer Session
6. Adjourn
,~ .1
_f""o= -lit..,
;t~w!:~
~: ~aa.'
.......
CITY OF IOWA CITY
MEMORANDUM
From:
February 9, 2006
Housing and Community Development Commission
Tracy Hightshoe, Associate Planner
February 16 HCDC Meeting
Date:
To:
Re:
The February 16 meeting will be held at the Iowa City Public Library in Room A and it
will be structured around the Question/Answer session with the applicants for FY07
CDBG/HOME funds. A copy of the staff report for each application is enclosed for your
review. The review includes concerns or issues that need to be addressed by the
applicants. Please review the applications and staff reports. The public service and
public facility applicants are allowed five minutes and the housing applicants are
allowed ten minutes to respond to questions.
The Financial Terms for CDBG\HOME Applicants from the FY07 Applicant Guide is
included in the packet. It clarifies Council's policy on financing terms for CDBG/HOME
assisted projects.
We also need to discuss site approval for FY06 housing projects. Last year, HCDC
agreed to submit site approvals directly to the City Council until a formal scattered site
policy was approved. Since HCDC only meets once a month this expedites the
approval process since housing projects involving acquisition are often under time
constraints. The Commission will need to decide how to handle FY06 site approval
requests at the February 16 meeting.
We will hand out the ranking sheets at the February 16 meeting and they will be due
back to us on March 2. HCDC will meet March 9 & 23 to review the groupings and to
make funding recommendations. These meetings will also be held in Room A at the
Iowa City Public Library.
If you have any questions about these items or will be unable to attend, please contact
me at 356-5244 or by email at tracy-hightshoe@iowa-city.org.
REMINDER: Meeting is located at the Iowa City Public Library, Room A
123 S. Linn Street, Iowa City
6:30 PM
MINUTES PRELIMINARY
HOUSING AND COMMUNITY DEVELOPMENT COMMISSION
LOBBY CONFERENCE ROOM, CITY HALL, IOWA CITY
THURSDAY, JANUARY 19,2006
Members Present: Jerry Anthony, Lori Bears, Thomas Niblock, Brian Richman, Michael
Shaw
Members Absent: William Greazel, Matthew Hayek, Kelly Mellecker
Staff Present: Tracy Hightshoe, Steve Long
Public Present: Valdean Lembke, Pat Meyer, Sandy Pickup
CALL MEETING TO ORDER
Chairperson Anthony called the meeting to order at 6:36 PM.
APPROVAL OF THE NOVEMBER 17,2005 MINUTES
Motion: Niblock moved to approve the minutes as submitted. Richman seconded the
motion.
Motion passed 5:0.
PUBLIC COMMENTS OF ITEMS NOT ON THE AGENDA
Long handed out a memorandum from the City's Clerk office and said that the City is
currently going through the annual budgeting cycle. He noted that the commission could
propose changes/additions to the budget.
Bears asked if the commission had ever requested funds from the City Council. Anthony
said that this might be an appropriate year to ask for funds, since the City's CDBG and
HOME funds have been cut and the City has conditional money that if not spent might
have to be returned. He added that the City, according to an article in the Press Citizen,
may have a surplus and would need to decide how to use it or reduce the tax rate. He
noted that if not used the money will be returned to the public. Anthony said that the
Commission supports good community projects and our recipients would be grateful for
additional sources of support, if additional funding could be found.
Anthony said that the City has two (2) strings of money which result in a surplus. First,
he said, the City would have a surplus of revenue collected from property taxes. Anthony
mentioned that the City is anticipating a significant amount of money from the increase in
property values. Anthony said that if the City would decide to return the money to
property owners, it may not be a significant amount to an individual property owner, but
it would represent a significant sum for the community projects.
Anthony said that the second source of surplus comes from the budget reserve decided by
the City Council. He said that the Council had voted to keep 20% of the annual budget as
1
a reserve. Anthony said that currently the amount going to the budget reserve is higher
that 20%. He proposed that the additional money from the reserve above the 20% voted
upon could be put in a trust fund, and the interest from that fund be added to the CDBG
funds.
Bears asked if additional funds are approved by the Council would there be a stipulation
in terms of what the money could be used for. Anthony said that it is at the discretion of
the Council to add such stipulations, but any additional funds that could be added to the
CDBG program would be appreciated.
Richman said that the commission should first come to a consensus about whether they
should ask the City Council for additional money. Shaw said that if the commission will
decide to ask for money, they should request a specific dollar amount to the Council.
Sandy Pickup_said that the deadline for the CDBG arplications is January 25th, and the
deadline for budget recommendations is January 30t . She said that the commission could
wait and see the amounts requested in this year's applications, determine the difference
between the requested amount and the CDBG funds available, and use that/difference as
a proposal to the City Council.
MOTION: Shaw made a motion that the Commission would ask the Council for
additional money if funds are available. Bears seconded the motion.
Motion passed 5:0.
Richman said that he agrees that if money is available, the commission should request
additional funds. He noted that without further review, he is uncomfortable about
recommending a dollar amount. Niblock asked what the percent decrease in CDBG
funds was for the current year compared with those from the last year. Long said that
CDBG funds were reduced by 10.5% from last year.
Niblock said that the commission could recommend restoring the funding levels from last
year. Long added that in the past five (5) years there has been a 30% decrease in CDBG
funds. Long said that the highest amount allocated from HUD to Iowa City for
CDBG/HOME funds was approximately 1.7 million dollars. Shaw proposed that the
commission choose a moderate money figure because the projects funded this year might
not be self-sustaining in subsequent years if additional funds are not available every year.
Richman said that the commission could reach a consensus to have the chairperson arrive
at a dollar request after a dialogue with various City Council members. He noted that if
there is a way of making more money available for allocation the commission should try
to pursue it, however without studying the issue further he feels less comfortable voting
on how much money to request.
2
Richman said that any additional funds received would be helpful. Anthony would
represent the commission in discussions with the City Council, and would report back to
the commission through e-mail.
Hightshoe announced that the local religious communities organized an ecumenical
reflection on homelessness in Iowa City, and members of the HCDC are invited to
participate. Anthony said that he was invited to give a presentation at that session.
IOWA CITY FREE MEDICAL CLINIC REQUEST TO AMMEND THEIR
FY1997 COMMUNITY DEVELOPMENT BLOCK GRANT AGREEMENT
Lembke said that the Free Medical Clinic has been housed at the Wesley Foundation for
a long time. He added that the number of patients and frequency of visits had increased
dramatically. He stated the current facility and working conditions are making it hard to
effectively attract and utilize the staff and community volunteers. Lembke said that they
found a building in Towncrest that offers more space and amenities for medical offices.
He stated that the T owncrest property was vacant for several years, but is in very good
shape. He said that it was built as a medical facility, provides parking, offers a subsidized
rent, and provides a win-win opportunity. He noted that the Free Medical Clinic received
CDBO funds in 1997 to assist in renovating the facility to a medical clinic. $25,000 was
in the form of a conditional grant that is forgiven over a 10-year period, $2,500 forgiven
each year as long as the Clinic remained at the Wesley location. Lembke said that they
are requesting the remaining two (2) payments ofthe conditional grant be forgiven as of
April 1 S\ 2006 to facilitate moving to the Towncrest property.
Hightshoe said that the Wesley Foundation submitted an email in support ofthe Free
Medical Clinic request; however the email stated that the Wesley Foundation does not
forfeit their rights as Landlord by this request.
Richman asked if they will have a long term lease agreement at the new location. Lembke
said that the draft agreement is formulated for five (5) years. He added that they will
include a purchase option and verbiage to protect their long term interests. He said that
the chair of their board is a lawyer and would make sure the clinic is protected.
Richman asked if additional funds from CDBO would be needed for renovation of the
building. Lembke said that no additional funds would be requested. He said that the
building is in good shape and they would be able to move without stopping the operation.
Hightshoe asked about the size of the new facility. Pickup said that she does not have the
exact measurements, but the advantage is not only that the building is bigger, but that it
has a better layout, allowing all the offices to be on one floor.
Richman asked what would happen to the space vacated at the Wesley building. Pickup
said the Wesley Foundation is looking to lease the space to a different human service
agency. Shaw said the Free Lunch Program remains in the building, and the Wesley
Foundation is offering the spaces (medical clinic and offices on the 2nd floor) vacated at
3
very low rents and is making a large effort to lease to another human service
organization.
Shaw asked what would be the effect of forgiving the remainder of the conditional grant
on our budget. Hightshoe said there will be no effect since the agreement was a
forgivable grant. The conditional grant was set up so that the City would only receive
funds if the grant recipient defaulted in the 10-year period. The City was not anticipating
program income from this project.
Bears asked if the new facility will be accessible. Pickup said that there is a ramp and
everything is on one floor. Lembke said that there is a shelter for the bus in front of the
building. He noted that the Towncrest line serves the area.
MOTION: Richman moved to approve the request of Free Medical Clinic to amend
their FY1997 CDBG agreement. Niblock seconded the motion.
Motion passed 5:0.
NEIGHBORHOOD CENTERS OF JOHNSON COUNTY - BROADWAY
REVITALIZATION PROJECT PRESENTATION
Long introduced Pat Meyer from NCJC. NCJC received FY05 CDBG funds ($5,931) for
a planning study of the Broadway area. Meyer_said that a community assessment study
had been conducted by the National Resource Center for Family Centered Practice. She
added that the City allocated $10,000 for the survey, and in addition helped them compile
and publish 100 copies of a neighborhood welcome packet. She said that the
neighborhood has high turnover with new comers continuously moving in and out ofthe
area. She added that they employed people from the neighborhood to greet newcomers,
and the packets are very helpful.
Meyer said that some of their goals were to get people within the neighborhood
connected within the community faster, to improve communication with newcomers, for
the newcomer to learn about community resources, and how to make their voices heard
within the community. She said that Iowa City needs entry level employees and
newcomers might represent the future of the community in this sense. She noted that the
neighborhood has a more than 50% minority population. She said that they are working
together with other organizations within the County, so that the work, like translation of
materials, is not repeated.
Meyer noted that they also strive to make the area more kid friendly. She said that some
parks have been renovated to achieve this goal. She said that another project is being
pursued in collaboration with the Police Department. She said that as a lot of kids are
scared oftalking to the police, they have police officers tutor kids and an officer within
the neighborhood who plays basketball and football with the kids. The response has been
great. She noted that this sideways approach works very well.
4
Bears said she lives in the Broadway area and really appreciates the young kids in the
neighborhood. She added that the kids sometimes help her take the groceries all the way
to the door. She said that she really appreciates the recurring police cars and the fact that
officers take their time in solving the issues, not just writing up reports.
Shaw asked if the new chief of police had impacted the relationship with the
neighborhood center. Loring said that the relationship has not been influenced by the new
chief. Meyer said that they have a very good working relationship with certain officers.
REVIEW OF THE FY07 ALLOCATION PROCESS & PROFORMA BASICS
Long said that the proforma is used for rental housing projects. He said that the basic
definition of a proforma is an analysis of income and expenses. He noted that a proforma
is used to compare income and debt to get the debt coverage ratio (DCR). Long said they
are looking for at least a 1.15 DCR. He noted that a typical proforma for a rental housing
project has a 5% vacancy rate built into the analysis. If a proposed project used a 15%
vacancy rate, that would raise concerns. He mentioned the proforma is also used to
determine the return on investment. He noted that a 10-14% return would be considered
standard. Long noted that if any projects do not look good on paper the staff would
inform the commissioners.
Bears asked if the training sessions for the applicants were well attended. Long said that
the day session was attended by 12-14 people and the evening meeting had 7-8
attendants. Hightshoe noted that by this time she would have typically reviewed 5
applications, but for the current year only one application has been reviewed so far. She
noted that the small amount of money available for public services might have
discouraged a lot of applicants from applying.
Long said that some people called with concerns regarding the payback terms. He said
that when a loan is awarded, for accounting purposes the recipient has to carry it on their
books as a liability for twenty years or longer depending on the period of affordability or
compliance period. .Richman explained that the assets are depreciated, but the liability
stays on the books for the term ofthe loan..
Niblock asked if there are any other benchmarks related to proformas that are commonly
used. Long said that the presented benchmarks are the ones commonly used, but the staff
also looks at management fees, development fees, and reserves. Hightshoe said that the
projects need to be viable. .
Richman recommended for future proformas including the debt cover ratio on the
spreadsheet.
CONSIDERATION OF THE POTENTIAL 2006 AGENDA ITEMS
Anthony said that he wrote a two page letter which is included in the package. He said
that he would like to propose to the commission to move beyond just allocating funds,
and use its policy advising capabilities. He said that the charter creating the commission
notes that the HCDC is charged with advising the City Council on ways to improve the
5
availability of affordable housing. Anthony said that he would like the HCDC to consider
various methods of increasing the supply of affordable housing in Iowa City and Johnson
County. He said that there are several communities within Iowa that are fighting
aggressively against homelessness, and Iowa City is not doing as much as they could in
his opinion.
He said that availability of affordable housing affects the schools. Anthony added that if
parents do not have stable affordable housing they are moving from one rental unit to
another and that mobility affects school performance. He noted that the availability of
affordable housing also affects economic development within a community. He said that
high housing costs and the lack of affordable housing might induce higher wage rates,
and might drive off companies that would otherwise locate within the community???
The first proposal, he said, could be an inclusionary housing program. He noted that this
program would require new residential developments to include a small proportion of
affordable units. Anthony said that the developers in Iowa City have consistently not used
the allowable densities. He said that developers typically built with lower densities, larger
lots, high square footage, and a higher priced unit. Anthony said that single family homes
below $200,000 are not being built in Iowa City. Anthony said that it is not a new
program, and many communities pursue this method.
Anthony said that a community-investment linked deposit program for city funds could
be a second possible program. He said that this would require the City of Iowa City
choosing banks for its checking and investment accounts using measures of community-
investment in addition to standard financial parameters. He said that these measures of
community-investment could include factors like number of home mortgage loans made
to low-income and minority households oflowa City, percentage of business loans to
small and minority-owned businesses oflowa City. Anthony noted that as banks compete
to win the City's business, those with higher points on community-investment measures
would be better placed in the competition. He said that this competition would result in
more money being channeled to affordable housing and community development
projects. Anthony mentioned that much of the data for such measurements is being
collected and reported by all banks to comply with the federal Home Mortgage
Disclosure Act of 1975, and the City should put this data to good use. He said that such a
program could be adopted by an administrative decision by City staff. He added that this
method would not cost anything, and is being used by scores of cities and counties across
the nation.
Anthony said that a one-cent restaurant food and beverage levy program could also be
used. He said this would require all food and beverage serving commercial
establishments in Iowa City to be charged a one cent affordable housing and community
development levy for every dollar of customer billing. He said that if a meal costs $9.99,
the consumer will still chose to eat if the price would increase to $10.06. He said that
while a one-cent levy is a small and almost unnoticeable burden on patrons, the amount
generated by it can be significant. Hightshoe asked if this is something the State would
6
need to approve. Anthony said the state does not need to approve it if there is a public
referendum.
Niblock said that is a good idea for HCDC to become a housing policy advisor. He said
that focusing on affordable housing would be a great start. He noted that they should be
cautious regarding inclusionary zoning because when getting into price control a greater
shortage could be created.
Hightshoe said that land banking might be another solution. She said that the City would
buy parcels of land with CDBG funds and develop it as affordable housing at a later date.
Shaw asked what other similar sized communities have done. Long said that staff
contacts communities and tries to discuss and borrow new ideas. He said that information
is generally available on the individual web site of each city. Niblock said that another
good resource would be the National Association of Builders. Richman added as a
resource the National Association of State Housing Agency. Richman said that it would
be helpful to put together a package regarding the proposals to be discussed and have
more intelligent decisions at a later time.
Hightshoe said they would prepare an introductory package for the March meeting.
Richman said that stakeholders should be included in the process. Shaw added that the
commission should focus on a specific item to focus at each meeting to be able to be
educated about pros and cons of each alternative.
MONITORING REPORTS
Emma Goldman Clinic-FY04 &FY06 Facility Rehabilitation
Richman said that the Clinic completed the FY06 project. The roof and the door have
been replaced, and the leak stopped. He said that for the FY04 project they installed
energy efficient lightning, and the flooring will be finished by the end of the fiscal year,
and the automated door is scheduled to be installed the first week of February. He added
that if additional money will be available they will spend it on soundproofing one of the
procedures room.
Free Lunch Program- Facility Rehabilitation
Niblock said that he will be able to give his report at the next meeting. Hightshoe said
that they have not installed the flooring yet. She noted that part of the agreement with
Wesley Foundation was that the Free Medical Clinic will use that space. She noted that
the staff administratively would amend the agreement to install flooring for the space as
it's only 4% of the total.
Free Luncbl Free Medical Clinic- Facility Rehabilitation
Hightshoe said that Free Lunch is serving 90-100 people a day. She noted that she served
last week and was impressed by the number of people attending. Long said that every
time there is a fifth Thursday in the month people from the Planning Department serve at
the Free Lunch Program. She noted that they got estimates regarding the fire suppression
system and will proceed in the spring.
7
IC Free Medial Clinic- Operations
Niblock said that the Free Medical Clinic received $5,000 to help them towards
operational salaries. He noted that he discussed the program with the case manager and
was impressed to learn that she sees 350 patients.
Compeer- Operations
Shaw noted that Compeer hired a new director. He noted that the amount allocated was
$1,300. He added that they used $534 for salary for the director, $511 for salaries from
July to December, and are expecting to use $107.45 per month until all funds are used.
Shaw said that the new director increased the volunteer recruitment efforts and is making
more matches than they have in the past.
ICHA- Tenant Based Rent Assistance
Bears said that the allocated money will be OK for two years. She added that currently
they have 19 active clients. She noted that one client was terminated, one client was
moved to the Iowa City Rehabilitation Center, and one left the program.
Old Brick Foundation- Historic Preservation! Rehabilitation
Anthony said that Old Brick received funds to refurbish the exterior of the building. He
said that the project costs about $180,000 and was funded from three sources. He added
that the foundation got a $75,000 grant from the state, $60,000 from the City ofIowa
City, and they fundraised the rest. Anthony said that last fall they began the first part of
the project, chemical cleaning, for which they used the money received from the City. He
said that in spring they would do the second part of the project, which is repointing.
Anthony showed before and after chemical cleaning. pictures of the building.
HACAP- Transitional Housing
Shaw said that HACAP was allocated $300,000 out of which they spent $243,000. He
noted they are struggling in purchasing the fourth property. He said they have $8,000-
$9,000 less than the average purchase price of the other three properties. He said they are
currently discussing if they will be able to purchase a unit, or will have to return the
money.
ICCSD- FY05 Wood Family Resource Center
Shaw said that Grant Wood received $325,000 CDBG funds. He added that the project's
cost is more than 3 millions dollars. He noted that they completed the preliminary plan in
September and are currently 50-75% done. Shaw added that the work on the gym was
delayed due to a suspicious smell. He noted that they started installing the flooring this
week, and it is predicted to be finished next month. He noted that the improvements had a
very high impact on students; everyone is very pleased with the project.
ADJOURNMENT
The meeting adjourned at 8:40 PM.
8
IOWA CITY
HOUSING AND COMMUNITY DEVELOPMENT COMMISSION
FY07 QUESTION/ANSWER SESSION
IOWA CITY PUBLIC LIBRARY, ROOM A
THURSDAY, FEBRUARY 16, 2006
6:40 pm 339.0401
6:45 pm Neighborhood Centers of JC Brian Loring 358.0438
6:50 pm Free Medical Clinic Sandy Pickup 337.9727
6:55 pm Visiting Nurse Association Suellen Novotny 337.9686
7:00 pm Compeer Patricia Kelley 351.4492
7:05 pm Shelter House (Security Deposit) Crissy Canganelli 338.5416
7:10 pm Shelter House (Outreach Coord) Crissy Canganelli 338.5416
7:20 pm IC Housing Authority 887.0665
- ~ 7:30 pm Harmony Development, LLC Tracy Falcomata 338.7600
7:40 pm The Housing Fellowship Maryann Dennis 358.9212
7:50 pm Iowa Valley Habitat Mark Patton 337.8949
BREAK
8:15 pm Iowa Valley Habitat (ReStore) Mark Patton 337.8949
8:20 pm Grant Wood PTO Marla Edwards 351.1751
8:25 pm DVlP Kristie Fortmann-Doser 351.1042
8:30 pm Four Oaks Mary ChvalfKelli Malone 337-4523
8:35 pm MECCA Ron Berg 351.4357
8:40 pm The Arc of Johnson County Jennifer Adrian 351.5017
8:45 pm Community Mental Health Ctr. Stephen Trefz 338.7884
FY07 CDBGIHOME APPLICATIONS
Housing
Habitat for Humanity - Land Acq. $ 220,000.00
Harmony Development, LLC - Rental $ 300,000.00
The Housing Fellowship - Preservation $ 250,000.00
ICHA - Tenant Based Rent Assistance $ 368,064.00
Housing Total $ 1,138,064.00
Funds Available for Housing $ 484,378.00
Public Facilities
The Arc of JC - Facility Rehab $ 2,852.00
CMHC - Facility Rehab $ 18,280.00
DVIP - Facility Rehab $ 6,400.00
Four Oaks - New Construction $ 200,000.00
Grant Wood PTO - Playground $ 56,437.00
Iowa Valley Habitat - ReStore $ 200,000.00
MECCA - Facility Rehab $ 22,000.00
Public Facilities Total $ 505,969.00
Funds Available for Public Facilities $ 331,000.00
Public Services
Compeer - Director $ 2,584.00
Extend the Dream Foundation - Coord. $ 2,250.00
Free Medical Clinic - Case Mgmnt $ 21,000.00
NCJC - Newcomers Network $ 12,840.00
Shelter House - Outreach Coord. $ 10,000.00
Shelter House - Security Deposit $ 1,500.00
VNA - Mental Health Home Care $ 10,000.00
Public Services Total $ 60,174.00
Funds Available for Public Services $ 14,300.00
TOTAL REQUESTED $ 1,704,207.00
FUNDS AVAILABLE $ 829,678.00
2/9/2006
COBG and HOME Program Investment Policies
(Resolution 05-213)
Economic DeveloDment
Economic development projects making application to the CDBG Economic Development Fund will be reviewed
by the Council Economic Development Committee. The Council Economic Development Committee will make
a recommendation to the City Council for each project proposed for funding. Said recommendation shall
include the amount of CDBG assistance to be allocated and the terms of investment.
Typically, for-profit business projects will receive low-interest loans; whereas, non-profits may be recommended
for forgivable loans or grants. Decisions regarding investment terms for economic development projects will be
made based on the nature of the project including, but not limited to, the risk, potential for growth, the number of
and quality of jobs created for low-moderate income persons, the ability to repay a loan and the amount of other
funding leveraged.
Houslna
The interest rate for all ~ental housing activities will be zero percent (0%) for non-profit owned projects and
prime rate (determined at the time the CDBG\HOME agreement is executed by the City) minus two points for
for-profit owned projects with an amortization period up to thirty (30) years or the period of affordability,
whichever is less.
Assistance to homeownership projects will have three repayment options as shown herein. 1. A 20-year loan
that must be paid in full when the low-moderate income homeowner sells, transfers title, moves or rents the
property or the 20-year term expires, whichever occurs first. No interest will accrue and no payments will be
required to be made by the property owner prior to payoff. 2. The homeowner has the option to make monthly
payments to the City or its designee in a form not to exceed a 30-year, zero percent (0%) amortized loan, a 30-
year amortized loan must start at the time the assistance is provided. 3. If CDBG\HOME assistance is provided
to a certified non-profit organization, for a Community Land Trust project, the CDBG\HOME funds will be in the
form of a grant.
All HOME funds provided for Tenant Based Rent Assistance will be in the form of a grant.
Public Facilities
The City of Iowa City, as the recipient of Community Development Block Grant (CDBG) funds, utilizes these .
funds for "public facilities" projects as defined in 24 CFR 570.201 (c) that are completed by the City and\or
subrecipents. The following policy applies to CDBG assistance provided to non-governmental subrecipients
("governmental" includes only jurisdictions with taxing authority as provided for in Iowa Code).
Projects that receive an allocation by the City of Iowa City will receive an earned grant, as defined herein, which
will be secured by a mortgage or other comparable security instrument. The compliance term of the earned
grant will be determined by the formula also provided herein. At the end of the applicable compliance term the
lien or other security instrument will be released by the City. If the real property is leased, the lease shall be for
a period that matches or exceeds the compliance term of the earned grant.
. Earned Grant: A lien against the real properly being assisted, or other comparable security, which is
repaid only upon transfer of title, rental of the properly, or termination of services or occupancy as
outlined in the applicable CDBG Agreement. If the subrecipient fully satisfies the terms outlined in the
applicable CDBG Agreement the morlgage against the properly, or other security instrument, will be
released by the City following the completion of the compliance period that begins on the date of
execution of the morlgage or security instrument.
. Earned Grant Formula: The total amount of CDBG assistance allocated to a subrecipient in anyone
City fiscal year for a ''public facility" project divided by $3,000 equals the number of CDBG compliance
years for the Earned Grant. (For example: $17,000 in CDBG assistance divided by $3,000 would equal
a compliance term of 5. 67 years or 68 months). If the Earned Grant Formula results in a compliance
term of less than one year (12 months) the minimum compliance term shall be one year (12 months)
and if the Earned Grant Formula results in a compliance term of more than ninety-nine (99) years the
maximum compliance term shall be ninety-nine(99) years.
Public Service
Public Service projects as defined in 24 CFR 570.201 (e) shall receive CDBG assistance in the form of a grant
with a term of not less than one year.
CITY OF IOWA CITY
FY07 CDBG/HOME APPLICANT REVIEW
STAFF REPORT
Project Name & Page Number:
Extend the Dream Foundation-
Operational Expenses, Page 126
Applicant Contact:
Thomas Walz
339-0401
Project Address:
912 - 2nd Avenue
Activity Type:
CITY STEPS Priority:
CITY STEPS Goal Achieved:
Public Service
High - Employment Training
Provide Employment Training and Education
(Page 122)
Beneficiaries:
0-30% mfi
31-50% mfi
51-80% mfi
33%
0%
67%
Amount Requested: $2,250
Repayment Terms: Grant
Total Cost Per Person/Household: $1 ,139\person
Percent of Project Publicly Funded: 55%
Leveraging City CDBG\HOME Funds: $4.56 in other funds for each CDBG dollar
requested.
Property Taxes:
Tax Exempt
STAFF ANALYSIS
Documentation of Project Need
CITY STEPS notes the need for employment training and education skills. Short-term
objective is to continue and expand apprenticeship and employment training programs.
The project proposes to train 6-9 individuals with disabilities to become buyers and
sellers on the internet. Applicant states that 50-70% of those persons with major
disabilities in Iowa City are without employment. Most are dependent upon disability
benefits or intermittent employment. Those trainees that become skilled enough to
effectively sell (the retail store would inventory most of the items to be sold on the
internet by the trainees) would be placed on a commission and may earn stipends as
they go through training. Applicant states that while only a few may be able to make a
living from sales, most trainees should be able to augment their disability benefits, if
received, and achieve a higher economic quality of life.
Upon graduation, applicant states EDF would help with necessary equipment and
inventory to start a home based business/practice.
Project Budget Discussion
This project leverages a Federal Work Study position to provide a graduate student or
equivalent student with computer skills and internet sales interest to assist in the
recruitment of trainees, the coordination of the training program, and individual tutoring
of entry level trainees. It is anticipated that the person hired will work approximately 15
hours per week for at least 50 weeks.
Project Coordination with Existing Services\Activities
Extend the Dream has been working with community partners (including the University
of Iowa) with the Uptown Bill's Small Mall and other projects.
Applicant History or Capacity to Successfully Complete the Proposed Project
Applicant has received CDBG funds in FY01, FY05, and FY06 for various economic
development and building acquisition type projects. Applicant has successfully
managed the funds received.
Summary of Items to be Addressed
1. If partial funding is awarded, will project be able to proceed? After the first year, how
will the project be financed?
2. Explain the volunteer contribution as applicable to the eCommerce Training
Program.
3. When did the eCommerce Training Program start and how is it currently being
staffed?
4. What types of assistance will applicant provide graduates to set up their own home
based business?
5. Applicant provides a volunteer contribution valued at $50/hour (100 hours). How did
the applicant arrive at this hourly rate? Any changes in the volunteer contribution
would affect the numbers reported on page one, total cost per person, leverage
amount, and percent of project publicly funded.
CITY OF IOWA CITY
FY07 CDBG/HOME APPLICANT REVIEW
STAFF REPORT
Project Name & Page Number:
Neighborhood Centers of Johnson County
Page 147
Applicant Contact:
Brian Loring
358.0438
Activity Type:
Public Service
Project Address:
Citywide
CITY STEPS Priority:
CITY STEPS Goal Achieved:
HIGH - Other Public Service Needs
Strategy: Provision of Training in Living Skills (p-115)
Beneficiaries:
0-30% mfi
31-50% mfi
51-80% mfi
Over 80% mfi
100%
0%
0%
0%
Amount Requested:
$ 12,840
Repayment Terms:
Grant
Total Cost Per Person:
$36.68 per person based on 765 persons receiving
assistance over a one year period.
Percent of Project Publicly Funded: . 46%
Leveraging City CDBG\HOME Funds: $1.19 in other funds for each COBG dollar requested.
Property Taxes:
Tax Exempt
STAFF ANALYSIS
Documentation of Project Need
The Neighborhood Centers of Johnson County (NCJC) is requesting support for the Johnson
County Newcomers' Network (JCNN). The goal of JCNN is to help low-income residents new
to Iowa City settle and to assist them in finding ways to share their strengths and culture with
the larger community.
Johnson County is in the midst of a demographic transformation that is increasing the numbers
of low-income children in our community. The Iowa City Housing Authority reports that
combined applications for housing vouchers and public housing have increased 230% from the
first quarter of 2002 to the second quarter of 2004.
A survey done in the summer of 2004 indicated that one-half of the families in the Broadway
neighborhood had been there for less than a year.
Project Budget Discussion
The CDBG funds make up 46% of the total project budget. The remainder of the funds will be
coming from NCJC and have been committed.
The applicant proposes to use 170 hours of volunteer time for a in-kind contribution valued at
$3,800. The volunteers will assist with planning, technical support and facilitation.
Project Coordination with Existing Services\Activities
The JCNN brings together service providers, policy makers, concerned community groups and
representatives from the newcomer communities to coordinate services and to involve new
residents in decision making.
Applicant History or Capacity to Successfully Complete the Proposed Project
NCJC has been successful in completing a variety of CDBG funded public service and public
facility projects over the last 20 years.
Summary of Items to be Addressed
1. Will the project continue if partial funded?
2. Has NCJC researched other funding mechanisms for the JCNN project?
3. If JCNN is funded, what is being done to assure that the program will continue beyond the
CDBG fiscal year?
CITY OF IOWA CITY
FY07 CDBG/HOME APPLICANT REVIEW
STAFF REPORT
Project Name & Page Number:
Free Medical Clinic - Case Management
Page 135
Applicant Contact:
Sandy Pickup
337-9729
Project Address:
120 N. Dubuque Street
Activity Type:
CITY STEPS Priority:
CITY STEPS Goal Achieved:
Public Service
High - Health Services
Provision of Health Services: Continue support
of health, dental and HIV/AIDS services.
(Page 115)
Beneficiaries:
0-30% mfi
31-50% mfi
51-80% mfi
Over 80% mfi
43%
37%
18%
2%
Amount Requested: $21,000
Loan or Grant: Grant
Repayment Terms: NA
Total Cost Per Person: $1,881
Percent of Project Publicly Funded: 4%
Leveraging City CDBG: $25.87 in other funds for each CDSG dollar
requested
Property Taxes: Tax exempt
STAFF ANALYSIS
Documentation of Project Need:
In FY05 the Free Medical Clinic had 2,170 patient visits for chronic ailments such as
diabetes, hypertension, asthma and depression, a 33% increase from FY04 and a 61 %
increase since FY03. The applicant notes that there are no other free services in Iowa
City that provide on-going health care for low-to-moderate income person. According
to the Kaiser Commission report, submitted with the application, low-income workers
are less likely to be offered coverage through their own or a spouse's job or afford it on
their own and applicant states the number of patients using FMC as their "medical
home" is increasing faster than they can keep up.
CITY STEPS lists Health Services as a high priority and has a short-term objective to
continue the support of health, dental and HIV/AIDS services.
Project Budget Discussion
Applicant provides $24.97 in other funds for every CDSG dollar requested. The total
public (CDSG) cost per person is $70 or $9.68 per visit (based on 2,170 patient visits).
Project leverages $400,000 in donated prescription medications and $50,000 in
laboratory tests paid for by the University of Iowa Hospitals and Clinics.
The applicant received CDSG funds for operational expenses in FY01, FY03, FY04,
FY05 and FY06.
Project Coordination with Existing Services \Activities
The Free Medical Clinic has a long history of working with a variety of agencies and
organizations in Iowa City, such as Shelter House, DVIP, U of I Hospitals, U of I Dental
program, MECCA, STAR and many private health care professionals.
Applicant History or Capacity to Successfully Complete the Proposed Project
The Free Medical Clinic has successfully administered CDSG funds in previous years.
Additionally, the clinic has a 30-plus year history of operating the clinic and overseeing
renovations funded with grants and donations.
Summary of Items to be Addressed
1. Are all of the costs shown in the application (totaling $524,400) for the 300 clients
with chronic ailments (diabetes, hypertension, asthma and depression)?
2. Will the project continue with partial funding?
3. How will applicant locate funds for operational costs in the future?
CITY OF IOWA CITY
FY07 CDBG/HOME APPLICANT REVIEW
STAFF REPORT
Project Name & Page Number:
Visiting Nurse Association of Johnson County
Page 173
Applicant Contact:
Suellen Novotny
337.9686 ext. 148
Activity Type:
Public Service
Project Address:
Citywide
CITY STEPS Priority:
CITY STEPS Goal Achieved:
HIGH - Health Services
Continue support of health, dental and HIV/AIOS
services. (p. 115)
Beneficiaries:
0- 30% mfi 94%
31-50% mfi 3%
51-80% mfi 3%
Over 80% mfi 0%
Amount Requested: $ 10,000
Repayment Terms: Grant
Total Cost Per Person: $1,580 per person based on 34 persons receiving
home health services over a one year period.
Percent of Project Publicly Funded: 19%
Leveraging City CDBG\HOME Funds: $4.37 in other funds for each COSG dollar
requested.
Property Taxes:
Tax Exempt
STAFF ANALYSIS
Documentation of Project Need
The Visiting Nurse Association of Johnson County (VNA) is requesting assistance in covering
the cost of home health services to 34 low-income Iowa City residents requiring care related
to mental health disorders. The VNA is the primary provider of mental health home care in
Iowa City. The VNA provided 695 mental he.alth home visits last year, the majority of which
resulted in a financial loss for the agency. They have noticed an increase of patients
without insurance for medically related home care, further limiting their ability to increase
subsidies for mental health services.
Project Budget Discussion
All of the CDBG funds are targeted for operational expenses (salaries) for the nursing visits.
Most of the other funds have been committed and the funds are expended as the services
are rendered.
Project Coordination with Existing Services\Activities
The VNA works actively with the Community Mental Health Center and area psychiatrists to
provide home care for mental health needs. The nurses providing mental health home care
also coordinate with a variety of community service providers.
Applicant History or Capacity to Successfully Complete the Proposed Project
The VNA has not received CDBG funds in the past; however, the VNA does have
experience administering grants from the State of Iowa, Johnson County and the United Way.
They are also a Medicare certified agency and they receive an annual financial audit.
Summary of Items to be Addressed
1. What percentage of the individuals that you assist live in Iowa City?
2. Please describe the implications of partial funding.
3. What is the VNA's long-term plan for generating funds?
CITY OF IOWA CITY
FY07 CDBG/HOME APPLICANT REVIEW
STAFF REPORT
Project Name & Page Number:
Compeer Program
Page 119
Applicant Contact:
Karen Ganiard
338.7884 extension 245
Project Address:
507 E. College Street
Activity Type:
Public Service
CITY STEPS Priority:
CITY STEPS Goal Achieved:
High - Health Services
Provision of Health Services: Short-Term
Objectives: Continue support of health, dental
and HIV/AIDS services. Long Term Objective:
Encourage participation of additional health
care service providers. (Page 115)
Beneficiaries:
o - 30% mfi
31 - 50% mfi
51 - 80% mfi
84%
14%
2%
. Amount Requested: $2,583.60
Repayment Terms: Grant
Total Cost Per Person $753
Percent of Project Publicly Funded: 7%
Leveraging City CDBG\HOME Funds: $13.57 in other funds for each CDBG dollar
requested
Property Taxes:
Tax Exempt
STAFF ANALYSIS
Documentation of Project Need
This project connects a trained volunteer with a person with chronic mental illness to
encourage and support participation in community activities. The program indicates that
it will cut down the isolation and loneliness many with chronic mental illness experience.
Applicant estimates there are approximately 926 persons diagnosed with Schizophrenia
and 5,554 persons with Affected Disorders in Johnson County. There are currently 16
active one-on-one matches of volunteer friends from the community with adults
receiving mental heath treatment for socialization and recreation and a volunteer
coordinator for Skillbuilder activities for those on the waiting list for a volunteer match.
The applicant requests funds to pay for a portion of the salary of the one-quarter time
director.
Project Budget Discussion
The Board decreased the director position from one-half to one-quarter time and moved
back into the Community Mental Health Center (CMHC), their parent organization.
CMHC does not put money into the program, but provides in-kind services of office
space, phone service, and insurance. Compeer does pay $200/month to CMHC for
financial and accounting services. The project proposes using volunteers extensively at
a value of $29,880.
Project Coordination with Existing Services\Activities
Compeer, like the Community Mental Health Center, relies on extensive coordination
with existing services throughout the community.
Applicant History or Capacity to Successfully Complete the Proposed Project
The Board was formed in the fall of 2001 under the sponsorship of the Community
Mental Health Center. Compeer received CDBG funds in FY05 and FY06.
Summary of Items to be Addressed
1. Will the project continue if partial funding from CDBG is awarded?
2. The application states 50 persons will be served. Does this number include existing
matches and those on the waiting list receiving Skillbuilder activities?
3. How many new matches does Compeer anticipate in FY07?
4. The program has been in existence for four years. How many total volunteer
matches have been made? When recruiting and screening for new volunteers, what
is the minimum time commitment (duration) that is encouraged?
5. Application states a survey of income will be undertaken to obtain income
information of the 50 people matched or on the waiting list. As the project received
FY05 & FY06 funding, income information on current persons served by the program
should be available. Applicant must collect income and race/ethnicity data from all
beneficiaries to verify eligibility for CDBG funds.
CITY OF IOWA CITY
FY07 CDBG/HOME APPLICANT REVIEW
STAFF REPORT
Project Name & Page Number:
Shelter House - John Thomas Deposit Assistance
and Emergency Assistance Program; Page 157
Applicant Contact:
Christina Canganelli
338.5416 ext. 105
Activity Type:
Public Services
Project Address:
City-wide
HIGH - Other Public Service Need
CITY STEPS Priority:
CITY STEPS Goal Achieved:
Homeless prevention
Permanent Housing - Homeless (page 107)
Beneficiaries:
0-30% mfi
100%
Amount Requested: $ 1,500
Repayment Terms: Grant
Total Cost Per Person/Household: Unknown due to a missing page in the application
Percent of Project Publicly Funded: 5%
Leveraging City CDBG\HOME Funds: $20.82 in other funds for each CDBG dollar
requested
Property Taxes:
Undetermined as the recipients of the security
deposits/emergency assistance may reside in
privately owned units (taxable) or in units owned by
non-profit organizations (tax exempt).
STAFF ANALYSIS
Documentation of Project Need
Iowa City homeless shelters serve hundreds of people each year. Homeless facilities are
designed to serve as emergency shelter or as a temporary housing solution. This program
assists homeless individuals or households secure housing or maintain their existing housing.
The need for security deposit assistance is documented in the Analysis of Impediments to
Fair Housing where it is mentioned as a barrier to low income persons seeking housing.
Many households experience difficulty saving enough to pay the upfront rental costs to obtain
a rental unit. Emergency assistance helps maintain housing for those households near
homelessness. The short-term cost of such assistance is much lower than the long-term
expense to support the same household in emergency facilities. The assistance provided is
a one-time deposit or emergency payment to secure or maintain housing.
Project Budget Discussion
The Security Deposit program has received CDSG funds for the past five years. The amount
of direct assistance to LMI households is $10,880 with the remainder of the program budget
earmarked for staff costs and program materials. The staff cost of $21 ,355, as shown in the
application, is almost double the amount of the direct financial assistance ($10,880).
The Security Deposit program has received CDSG funds for the past five years. The
applicant's history with this program indicates that over 100 persons will be assisted, which
averages about $100 per household. However, the page of the application that states the
number of persons anticipated to be assisted was missing from this year's application so we
are not able to compute the average cost per person.
Shelter House has worked with landlords to secure a repayment of the deposit assistance in
the event an assisted household moves out. Shelter House anticipates the return of $1 ,750
to be used for the continued operation of this program.
Due to lead based paint regulations the project had to be modified in FY04. Security deposit
assistance can not be provided to tenants that will use the assistance to live in a unit built
before 1978. One-time emergency rent or utility assistance can be provided which is exempt
from the lead regulations. To utilize the one-time emergency assistance the applicant must
receive one of the following: an eviction notice, utility shut-off notice, or must be residing in a
shelter.
Project Coordination with Existing Services \Activities
Referrals by other service organizations are recognized. Referrals are accepted from various
sources including Domestic Violence Intervention Program, the Crisis Center, The Housing
Fellowship, local landlords and/or management companies, and the faith community.
Applicant History or Capacity to Successfully Complete the Proposed Project
Shelter House has been successful in completing this CDSG funded project over the last few
years.
Summary of Items to be Addressed
1. Please submit the page of the application with questions 10, 11 & 12.
2. What is the increase in the number of households that were able to relocate out of Shelter
House due to this program.
3. What percentage of households are successful in maintaining their place of residence for
6 months to 1 year after they receive the one-time assistance?
4. Does one-time assistance mean one time per year?
5. This project has received CDBG funds since FY02. Will this program become self-
sustaining through the repayment of rent deposits?
. CITY OF IOWA CITY
FY07 CDBG/HOME APPLICANT REVIEW
STAFF REPORT
Project Name & Page Number: Shelter House - Outreach Services
Coordinator/Cash Match
Page 164
Applicant Contact: Christina Canganelli
338.5416 ext. 105
Activity Type: Public Service
Project Address: 331 N. Gilbert Street
CITY STEPS Priority: HIGH - Homeless Needs
CITY STEPS Goal Achieved: Expanding staff and capabilities within the existing
system to provide improved service and expanding
available services. (p. 108)
Beneficiaries: Presumed Benefit (Homeless)
Amount Requested: $ 10,000
Repayment Terms: Grant
Total Cost Per Person: $1,072 per person based on anticipated shelter
usage of 525 persons over a one year period.
Percent of Project Publicly Funded: 98%
Leveraging City CDBG\HOME Funds: $55.26 in other funds for each CDBG dollar
requested.
Property Taxes:
Tax Exempt
STAFF ANALYSIS
Documentation of Project Need
Shelter House is proposing a fifth year of case-management services to an estimated 525
persons annually. The application indicates the staff coordinator to be paid for with COSG
funds are to be a part of the STAR program. As such, these funds will be used to help meet
the matching requirement for the STAR program. The newly renewed STAR grant will
require approximately $106,750 in local match.
Project Budget Discussion
All of the COSG funds are targeted for operational expenses (salaries) for the outreach and
case management functions. Other services (e.g. employment assistance, life skills, etc.) are
provided through the STAR program, which represents approximately 60% of the "other
funds" identified in the application.
Volunteers are anticipated to provide 750 hours of general administrative assistance to the
proposed project for a value of $7,500.
Project Coordination with Existing Services \Activities
Referrals to local human service organizations are essential to the success of this proposed
project. The function of the outreach coordinator is to focus on expediting access to local
mental health and substance abuse resources, employment, housing and other corollary
community based and public resources.
Applicant History or Capacity to Successfully Complete the Proposed Project
Shelter House has been successful in completing a number of similar public service and
public facility COSG projects.
Summary of Items to be Addressed
1. COSG funds were used to provide a portion of the cash match required to leverage the
STAR grant in FY05 and FY06. What other funds will be used to complete the cash
match in FY07?
2. How many of the 525 clients identified in the application will participate in STAR?
3. Oiscuss various outcome measures such as how many clients residing at the shelter
obtain permanent housing, how many clients with substance abuse problems or with
mental health issues seek and continue treatment with the appropriate provider.
4. This is the sixth year offunding for this activity. What is STAR's long-term plan for
generating match?
5. In question 9, Goodwill is shown as committing $5,000. Where is this shown in the
budget breakdown?
CITY OF IOWA CITY
FY07 CDBG/HOME APPLICANT REVIEW
STAFF REPORT
Project Name & Page Number:
Iowa City Housing Authority Tenant Based
Rental Assistance (TBRA), Page 41
Applicant Contact:
Steve Rackis
887.6065
Project Address:
Citywide
Activity Type:
Housing
CITY STEPS Priority:
High - Small Related Renter\Large Related
Renter - cost burdened
> 30% with incomes at or below 30% mfi
Medium - Elderly Related Renter - cost
burdened> 30% with incomes at or below 30%
mfi
CITY STEPS Goal Achieved:
IV B. Affordable Housing
Rental Assistance (page 101)
Beneficiaries:
0-30% mfi
100%
Amount Requested:
$368,064
Loan or Grant:
Grant
Repayment Terms:
Grant for Tenant Based Rent Assistance
Total Cost Per Person:
$1,704 over the two-year term of the rent assistance.
Percent of Project Publicly Funded: 70%
Leveraging City CDBG\HOME Funds: (e.g. 1: 1) $0.30 in other funds for each local
HOME dollar requested
Property Taxes:
Indirectly, private owners/landlords providing
rental units pay property taxes.
STAFF ANALYSIS
Documentation of Project Need
CITY STEPS recognizes that rental assistance is the most often cited and important need
identified by low-income persons due to the high market rents in Iowa City. As of 1/4/06,
the ICHA reports 2,977 families on the Housing Choice Voucher (HCV) waiting list. This is
an increase of 886 since last year (1/13/05). Of which, 138 of the applicants are elderly and
843 are disabled. The proposed project will assist 72 low-income elderly and/or disabled
households (36 households per year over a 2-year period) with direct housing assistance to
landlords on behalf of eligible participants.
The proposed project will mitigate the impact of federal budget reductions in the HCV
program and allow the ICHA to provide immediate assistance to elderly and/or disabled
families currently on the waiting list and maintain assistance to low income families up to
their HUD approved baseline of 1,213 families. There is a 2+ year wait for HCV assistance.
Project Budget Discussion
In the proposed project, participants pay no more than 30% of their adjusted gross income
towards rent. The ICHA anticipates that they will subsidize approximately 70% of the
contract rent. The HUD calculated per unit cost for the ICHA is $426/month. The tenant is
responsible, on average, for approximately 30% the contract rent to private landlords
scattered throughout Iowa City.
Project Coordination with Existing Services\Activities
Families participating in the proposed project will remain on the HCV and Public Housing
waiting lists. When they reach the top of either list, the ICHA will process their applications
and transition the families into the HCV or Public Housing program.
Applicant History or Capacity to Successfully Complete the Proposed Project
The ICHA successfully implemented a TBRA program with FY06 funds and that project is
currently active. It also maintains public housing units and administers the Housing Choice
Voucher Program. The ICHA has received HUD's High Performance designation status for
10 consecutive years.
Summary of Items to be Addressed
1. Discuss possibility of partial funding if necessary.
2. HOME rules allow the applicant to use TBRA outside of Iowa City, what limitations
would applicant set regarding portability and how many clients would be served
outside of Iowa City?
3. Will applicant have a minimum tenant rent level?
4. Discuss availability of accessible rental units.
9010 ~/ZO
'^lIenUUe
00E'9$ JO lunowe eLll U! swew^ed Xel SeleW!lSe lUeo!ldde
eLlI 'spefOJd 8IHIl JOJ Mel eMol Ol6U!pJooOe Pled
:saxel4ladoJd
pelSenbeJ JelloP 311\10H L10ee JOJ spunJ JeLllO U! 60'E$ :sPUn:l 3INOH\f)SC:> ~!:> Bu!BeJaAa1
%Z'E6 :papun:l AI:>!Iqnd J:>afOJd jO Jua:>Jad
'OZB' ~$ slenbe poped Jee^-OE S!L1l
JeAO uosJed Jed lSOO lelol 'WJel ueol eLll L1l!M spuodseJJoo
L10!L1M poped ^l!l!qepJO:IJe 311\10H Jee^-OE e JeAO
Slenp!A!pU! meueq II!M leLllloefoJd lUeWeAOJdw! lel!de8
uosJed/669'v9$
:uosJad Jad JSo:> I~ol
'sJee^
OE JO wJel wnw!xew e L1l!M ueol %~ e JOJ sileo L10!L1M (E~Z
-90# 'se~) ^O!IOd luewlseAul 311\10H\E>808 S,IPuno8 ^l!8
eLll L1l!M Aldwo:> JOU op SWJaJ asalU 'sJee^ 09 JOJ % ~
:sWJal JuawAeda~
000'09E$
:paJsanba~ Junow'f
%0
%0
%05
%05
%0
yw %OB J8AO
yw %OB -19
yw %09-15
yw %05-1[
yw %0[-0
: sa!Je!:>yauas
(B6 e6ed) Sl!Un MeN JO uO!lOnpOJd
6u!SnOH elqepJo:IJ'v' '8 AI
:paAa!lI:>'f leof) Sd31S All:>
!JW%OB-09 L1l!M peuepmq lSOO sPloLlesnoH - wn!pell\l/ MOl
!Jw
%09 MOleq peuepJnq lSOO - Jelue~ e6Jel - L16!H/wn!pell\l
:~!JO!Jd Sd31S All:>
6u!SnOH
: adAI ~!A!J:>'f
pe!J!luepllON
:ssaJpp'f J:>afOJd
009L -BEE
eleWoole.:l ^OeJI
:J:>~UO:> Jue:>!Idd'f
Z ~ e6ed
'6u!SnOH lelue~ elqepJo:IJ'v' - '8'TlluewdoleAeo ^uOWJeH
:JaqwnN aBed 1Jl aweN J:>afOJd
.i~Od3~ ::I::I'1.iS
M311\3~ .iN'VJIldd'1 3WOH\~8aJ LOki
AlIJ '1MOI ::10 AlIJ
9010 ~/ZO
'suoneoOllelJuaJod a4J lO dew uOIJeool e apI^oJd aseald "9
'ssnoslP aseald '6u!Sn04 alqepJoue leuo!l!ppe JOl pa!llJuapI eaJe ue JOU sl Sl41 ,( ~ 88
9~ 18) UOISI^!pqns SMopeaV\l 6upads!4M UI SJOI alqelle^e OJ sJalaJ JueO!ldde a4J 9~ uOIJsanb UI 'L
'SPo04Joq46!aU 6u!Jslxa 4JIM AJ!I!q!Jedwoo ~ sJlun pasodoJd a4J lO u6!sap ssnoslG '9
~anu!Juoo JoafoJd a4J II!M spunl 3V\10H Jo\pue 81HIl aleJS a^!aoaJ lOU saop pafoJd a4l JI 'g
'NpelO aseald 'sllun wooJpaq V JO ~ Ol sJalaJ lXal
a4J 9 ~ UO!lSanb uI pue Sl!Un wooJpaq-~ 'XIS SaleO!pU! loafoJd pasodoJd a4l'9~ uO!Jsanb ul 'v
~% ~ a^oqe asp Ol aJaM aleJ lSaJalU! a4ll! aOI~as lqap leuoIlIPpe 4l!M MOll-4seo Ol alqe aq
JI 111M 'os II ~JI10Jd-JOl e se paaooJd loafOJd a4lll!M 'punol aq lOU JaulJed l!lOJd-uou e Pln04S '~
'ssnos!p aseald 'Sl!Un XIS sl 'pasodoJd se 'pafoJd Sl41
'uo!leO!pUAS pue s~lHIl JOl paJap!suoo AlqeJO^el aq Ol aZls U! sllun vz-z ~ lsealle aq lsnw
sloafoJd a4lle4l ~a~H Ol paleO!puI a^e4 sloafoJd ~lHIl JOJ SUO!leOlldde Ja4l0 'lsed a4l UI 'Z
"AOIIOd lUaWlSa^UI
3V\10H\88a~ a4l10 SWJal a4l U!4l!M Allepueull paaooJd ollOafoJd a4l10 ^t!l!qe a4l ssnOS!a '~
peSSfUpPtf eq o~ swe~1 JO A.Jewwns
'6uIsn04 alqepJoue 10 luawa6euew pue luawdola^ap a4l
4llM pJooaJ )fOeJllnlssaoons e pue aouapadxa se4 amOnJlS S!41 "sloafoJd papunl 3~OH pue 88a~
snOJawnu pa6euew Allnlssaoons a^e4 sJaulJed asa41 'loafoJd pasodoJd a4l dOla^ap pue a6euew
ol'salelooss'v' pue SUJn8 lJaqoH pue SUJn8 assar 6uIPnlOUI 'sJaulJed pallllUap! se4 lUeO!ldde a41
~:JerO.ld pesodo.ld eLl~ e~eldwo:J AllnJsse:J:Jns o~ A~!:Jede:J .10 A.Jo~S!H ~ue:J!lddtf
sUOlleZIUe6Jo pue sapua6e 10 ^tape^ e 4llM )fJOM Ol Al!l!qe ue UM04S se4 lueo!ldde a41
se!~!A!~:Jtf\se:J!AJes 6u!~s!x3 LI~!M uo!~eu!p.loo:J ~:JerO.ld
"llUn Jad ~L9'9~Z$ S! lunoooe ,a~asaJ, L~L'v9$
a4l SnuIW 'loafoJd a4l10 lSOO lelol a41 'LOOZ 6updS 10 alep pJeMe paledlollue ue 4llM 900Z
Jaqwa^ON U! spun13~OH alelS pue UI S~lHIl JOl Aldde 111M Aa4lle4l paleO!pUI se4 lUeo!ldde a41
'aol~as lqap JOl Allenuue papaau aq 111M ~vL'v$
leuo!l!ppe ue AO!lod s,l!ouno~ Al!~ a4l ul4llM pa!lllUapI WJal JeaA O~ a4l 6u!sn 'AOIIOd lUawlSa^ul
3~OH\88a~ s,llouno~ ^tl~ a4l 4l!M aoue!ldwoo-uou U! lOU Sl 40!4M 'SJeaA Og JOl S! UOlleO!ldde
a4l U! UM04S popad uOlleZ!lJOWe ueol a4l'Ja^aMOH 'ueol % ~ e JOllOafoJd a4l Sa!l!lenb 40!4M ^tllua
dl4SJaUMO a4l JOl JaulJed leJaua6 6u!6euew a4l aq 111M lllOJd-uou e le4l Saleo!pUI UOlleO!ldde a41
'l!Un Jad SlSOO yos Ja4lo U! v99'L~$ pue saal JadOla^ap uI o~otZ$ 'UOlpnJlsuOO
JOJ 000'9Z~$ 'SlSOO UO!lIS!nboe puel U! 000'09$lO a6eJa^e ue SM04S la6pnq pasodoJd a41
"UO!l!S!nboe puel JOl S! palSanbaJ6ulaq spunl 3~OH a41 'papunl ^IO!lqnd Sl loafoJd a4llo %~6 Ja^o
Uo!ssn:JS!O ~e6pn8 ~:JerOJd
'awooul AIIWel ue!paw %09
Japun SPl04asn04 I~l Ol Sllun lelUaJ XIS apI^oJd II!M pafOJd Sl41 'suosJad (I~l) aWOOU! aleJapOW
-MOl Ol alqepJOue sl le4l 6u!Sn04 JOl paau e M04S sluawnoop asa4l JO 4108 'ueld Sd31S A..LI~
pue SISAleu'v' la)fJe~ 6u!SnOH PlalJXe~ a4l 6UIPnIOU! 'sa!pnlS snope^ saouaJalaJ uO!leO!ldde a41
peeN ~:JerO.ld JO uo!~e~uewn:Joa
SISA '''N'' :I:I".lS
CITY OF IOWA CITY
FY07 CDBG\HOME APPLICANT REVIEW
STAFF REPORT
Project Name & Page Number:
The Housing Fellowship - Affordable Rental Housing
Preservation, Page 26
Applicant Contact:
Maryann Dennis
358.9212
Project Address:
Coneflower Ct, Hotz Ave., Douglass St., and Taylor Dr.
and N. Governor St.
Activity Type:
CITY STEPS Priority:
Housing
High - Large Renter - cost burdened with incomes at or
below 50%
Medium - Households cost burdened with incomes at 80%
CITY STEPS Goal Achieved:
IV B. Affordable Housing
Production of New Units (Page 93)
Beneficiaries:
0-30% mfi
31-50% mfi
51-60% mfi
61- 80% mfi
Over 80% mfi
0%
0%
94%
6%
0%
Loan or Grant:
$250,000 Loan
Repayment Terms:
Prime Rate minus 2% for 30 years.
Total Cost Per Person:
$25,185/person
Capital improvement project that will benefit individuals
over a 30-year HOME affordability period which
corresponds with the loan term. Total cost per person over
this 30-year period equals $839.50.
Percent of Project Publicly Funded: 80.9%
Leveraging City CDBG\HOME Funds: $5.35 in other funds for each HOME dollar requested.
Property Taxes:
Paid according to Iowa law for L1HTC projects. The
applicant estimates tax payments in the amount of $22,083
in project year one.
02/10/06
9010 ~/GO
'^l!l!qepJo:ue JO popad aLll 6upnp spunJ 3I,^JOH
leuO!l!ppe JO asn alH Sl!qILlOJd L10!L1M ((g) v~l'l6 ~:I~ vl) alnJ 3I,^JOH aLll L1l!M aOUe!ldwoo
U! pafoJd S!L1l JOJ pasn aq Plnoo spunJ 3I,^JOH MaU MOll sSnoslP aSeald 'OS JI iSa!UOW 3I,^JOH
apnlOU! spunJ asaLll Op 'pa!J!lUap! Sl!Un aLll U! palSa^U! uaaq Sell 6u!punJ O!lqnd Jopd aou!s 'L
iSl!Un asaLll aseal Ol ^~H lnOLll!M sPloLlasnOl.j alqeua SlUaJ JaMOI aLll PlnOM 'g
'ssnos!p aseald 'L16!L1 aq Ol
sJeadde S!L1I 'sJea^ 0 ~ lSJ!J aLll U! %Ll Ja^o JO lUaWlSa^U! uo uJnlaJ e SMOLlS eWJoJoJd aLII 'S
ispunJ 3I,^JOH alelS Jo\pue s~IHIl alelS a^!aoaJ lOU saop loafOJd aLll J! suaddeLlleLlM 'v
'papuadxa lOU lnq 'sloafoJd Ol pa>>!wwoo spunJ Jea^
Jopd U! OOG'gvS$ SaleO!pU! d!L1SMOlla:l 6u!SnOH aLII iSlOafoJd 90\SOA:I JO snlelS uo alepdn .~
'loafoJd pasodoJd
aLll Ol aouapadxa JO aOuelS!Sse leo!uLloal 6upq II!M leLll sJaulJed snope^ aLll L1l!M d!L1sUO!lelaJ
aLll aqposap aseald 'd!L1SMOlla:l 6u!SnOH aLII JOJ Mau ^la^!lelaJ S! weJ60Jd ~IHIl aLll JO asn 'l
'ssnos!p aseald 'UO!leo!ldde aLll U! pau!Jap
lIaM lOU S! loafoJd pasodoJd aLll JOJ ~!ssaoau le!OUeU!J Jo\pue uO!lel!l!qeLlaJ JOJ paau aLII ' ~
pesse.lpp'rf eq 01 SWell)o ,uewwns
'weJ60Jd 3I,^JOH aLll U!L1l!M ap!se-laS
OaH~ aLll JOJ ~!Ienb lOU II!M loafoJd S!L1I '6u!SnOLl alqepJo:ue JO UO!lel!l!qeLlaJ pue UO!llSlnboe aLll
L1l!M pJooaJ }joeJl po06 ~a^ e pue aouapadxa sell d!L1SMOlla:l 6u!SnOH aLII 'sloafOJd papunJ 3I,^JOH
pue 88a~ JO SJellOp JO spuesnoLll JO spaJpUnLl pa6euew ^lInJssaoons sell d!L1SMOlla:l 6u!SnOH aLII
l:Je!o.ld pesodo.ld eLlI eleldwo~ ,{lIn)Sse:J:Jns 01 AlI:Jede~ .10 ,uOISIH lue:J!ldd'rf
'UO!lepOSSV sJapl!nqawoH aLll
pue lOPlS!a 100LloS ^lIUnWWo~ ~!~ eMol aLll L1l!M uO!lounfuoo ul sawoLl pa!dnoOO-JaUMO papnJlsuoo
a^eLl ^aLlllSed aLll ul 'awoLl L10ea U! 6u!^!1 sa!l!weJ aLll JO pue loafoJd L10ea JO ssaoons aLll aJnSU!
dlaLl Ol SUO!leZ!ue6Jo pue sapua6e JO ^lape^ e L1l!M 6U!}jJOM JO~OlS!L1 6uOI e seLllUeO!ldde aLII
selllA!I:J'rf\se:JIA.les 6UIISIX3 LlIIM uOlleulp.loo~ l:Je[o.ld
'sPloLlasnOLlll,^Jl Oll!Un aLll JO ^l!l!qepJo:ue sa^oJdw! awoou! lelUaJ U! uO!lOnpaJ S!L1I
'Sl!W!1 3I,^JOH alqeMolle aLll ueLll JaMol aJe (g~ UO!lSanb) uO!leO!ldde aLll uo UMOLlS sla^allUaJ aLII
'LOOl L1oJel,^J aq Ol paledp!lue alep pJeMe ue L1l!M 900l Jaqwa^ON U! spunJ 3I,^JOH
pue S~IHIl alelS JOJ ^Idde II!M ^aLllleLll paleO!pU! seLllUeo!ldde aLII 'l!Un Jad SlSOO ijos JaLllO
ul Lv~ '6 ~$ pue saaJ JadOla^ap U! B~9'L$ 'uO!lel!l!qeLlaJ JOJ OOO'6~$ 'SlSOO UO!l!S!nboe U! 6L~'~S$
JO a6eJa^e ue SMoLlS la6pnq pasodoJd aLII 'papunJ ^IO!lqnd S! loafoJd aLll JO % ~B ^laleWlxoJddV
uo!ssn:>>s!Q Je6pns J:>>efOJd
'weJ60Jd ~IHIl aLll JO SlUaWaJ!nbaJ
aLll uodn paseq S! d!L1SJaUMO JO ij!L1s SILlI 'SUO!leJado pue UO!lel!l!qeLlaJ JOJ 6ulPunJ 6upnoas
JO asodJnd aLll JOJ ^mua l!JoJd-JoJ e Ol Sl!Un aLll JO ales e sa^lo^Ul loafOJd pasodoJd aLlll!JoJd
-uou e ^q pauMo aJe pue (88a~ - ^l!~ eMOI JO ^l!~) spunJ o!lqnd L1l!M palS!SSe ^ISnO!^aJd uaaq a^eLl
'6u!lS!Xa aJe Sl!Un g~ aLll aou!s 'sIlOJ xel aLll Ol waLll ppe pue SlUaJ JaMol PlnoM 'sPloLlaSnOLlll,^Jl JOJ
Sl!Un leluaJ g~ a~asaJd Ol sasodOJd loafoJd S!L1I 'suosJad (11,^J1) awooul aleJapow-Mol Ol alqepJo:ue
S! leLll 6u!SnOLl JOJ paau ~!unwwoo aLll aleJlsuowap sluawnoop asaLll JO L1l08 'ueld Sd3IS AlI~
pue S!S^leUV la}jJel,^J 6u!SnOH Pla!JXel,^J aLll 6u!pnIOU! 'sa!pnlS snope^ saouaJaJaJ UO!leo!ldde aLll
peeN l:Je!o.ld )0 uOlleluewn:JoQ
SISA lVNV .:I.:IV lS
'sexel AlJedoJd IInJ Aed II!M SJeuMoeWOH
:saxe1 4IadoJd
pelSenbeJ Jellop 311'JOH
leool L10ee JOJ spunJ JeLllO U! 66'0$ (~: ~ '6'e) :spun:l 3WOH\~aa:) ~!:) Bu!BeJaAa1
%€'09 :papun:l AI:>>!Iqnd J:>>afOJd ,10 Jua:>>Jad
'O~Z$ slenbe poped JeeA-66 S!L1l JeAO uosJed Jed lSOO
lelol 'poped Al!l!qepJoJJe JeeA-66 e JeAO Slenp!A!pU!
meueq II!M leLlllOefoJd lUeWeAOJdw! lel!de~ 0 ~S'OZ$
:UosJad Jad JSo:) 18101
'lSnJl puel
Al!UnWWO~ e U! peoeld 6u!eq Sl!Un eLll Ol enp lUeJ8
:SWJa1 JuawAeda~
OOO'OZZ$
:paJsanba~ Junow"
%09
%09
!JW %09-~€
!Jw %O€-O
:sa!Je!:>>!,Iauaa
(~O ~ e6ed) Sl!Un MeN JO uo!pnpOJd
6u!SnOH elqepJoJJ~ '8 AI
:paAa!lI:>>" leo~ Sd31S All:)
%09 MOleq JO le sewoou! L1l!M %O€ < peuepJnq
lSoo- SJelUe~ pelele~ e6Jel- wn!pell'J
%O€ MOleq JO le sewoou! L1l!M %09 <
peuepJnq lSOO - sJelue~ pelele~ e6Jel - L16!H
%09 MOleq JO le seWOOU! L1l!M
sloeJea leO!SALld -JeUMO pelele~ e6Jel - L16!H
:~!JO!Jd Sd31S All:)
6u!SnOH
:adA1 AJ!A!J:>>"
:ssaJpp" J:>>afOJd
ep!MAl!~
6V6S" L€€
uo>>ed )pell'J
:J:>>8JUO:) Jue:>>!Idd"
~ e6ed
(H~HAJ) Al!UeWnH JOJ lel!qeH AelleA eMol
:JaqwnN aBed 'B aweN J:>>afoJd
~1I0d311 :I:IV~S
M31A311 ~NV:>I'ddV 3WOH/9Sa:> L.Okl
A.LI:> YMOI :10 A.LI:>
l.passaJppe aq OOO'Zv$ ~O l!O!~ap
lUaJedde S!L1lIl!M MOH '000' LEv$ ^IUO slelol eo ~ uOllsano ul spun.:l ~o saoJnos aLll
'Ja^aMOH 'sasuadxa U! 000'6Lv$ SMoLlS spun.:l ~o sasn aLll 6u!I!elap ~ ~ uOIlsano '9
'SJaqwnu asaLll Ma!^aJ aseald 'OOO'LEv$ slelol swal! aU!I aLll uo UMOLlS lunowe
aLl1 'OOO"E ~ v$ ~o 6UIPUn.:llOafoJd lelol e SMoLlS (eo ~ uOIlsanb) uoneo!ldde aLl1 'v
'SPOOLlJoqLl6!au 6u!lS!Xa L1l!M ^l!l!q!ledwoo ~ Sl!un pasodoJd aLll ~o u61sap ssnoslO 'E
l.^tl:> eMol ul UO!lOnJlsuOO awoLl
OlU! )joeq palO^OaJ 'sawoLl paleool ^l!:> eMol uo 'lel!qeH Ol sueol ~o SlUaw^edaJ aJ\;/ 'z
'~essaoau~! '6u!pun~ lellJed ~o ^l!l!qlssod ssnos!o . ~
passe.1pPtl aq o~ swell JO ,uewwns
'sawoLl 9 ~ ueLll aJOW ~o uOllOnJlSUOO aLll JO~
puel aJlnboe Ol spun~ 3V\10H Jo/pue E)SO:> pasn sell H.:IHAI 'alep 01 'sawoLl ^l!we~-aI6uIs
9E ^laleWIXOJdde palaldwoo ^lIn~SSaoons sell ^l!UeWnH JO~ lel!qeH ^alle^ eMol 'Z66 ~ aouIS
~~a!o.1d pesodo.1d el./~ a~aldwo~ AllnJsse~~ns o~ A~!~ede~ .10 ,uO~S!H ~ue~!Iddtl
'aWOOU!
^1!We~ ue!paw ~o %OS Japun suosJad JO~ 6u!SnOLl a~es 'lUaUewJad Pl!nq Ol sassau!snq pue
'SaLlOJnLlO 'sa!oua6e 'SJOUOp 'SJaalUnIO^ L1l!M S)jJOM ^l!UewnH JO~ lellqeH ^alle^ eMol aLl1
Se!I!"!I~tf\se~!AJas 6u!IS!X3 I./~!M Uo!~eu!p.1oo~ ~~e!O.1d
L99'vO ~ $ S! loafoJd pasodoJd aLll JO~ l!Un Jad lSOO lelOl aLl1
,(!~W %09-0Z uaaMlaq uaaq a^eLl sa!l!we~ asoLll ^lIeOld^t) aWOOu! uelpaw aLll
~o %09 Japun sa!l!we~ a~as Ol alqe aq II!M ^aLllleLll salelS lUeo!ldd\;/ 'asnOLl ^aLll sa!l!we~
aLll OllSaJalUI 6Ul6JeLlO WOJ~ UO!leZ!ue6Jo lUaJed leuolleu Sll ^q pallq!L1oJd Sl lueolldde aLl1
"anle^ pas!eJdde aLll MOlaq %SZ ^laleW!xoJdde paopd aq II!M lias ^aLll saWOLl aLllleLll salelS
lel!qeH "spun~ lUeJ6 pue Joqel ale^IJd 'SUO!leUOp aLll Ol ano 'uoIlOnJlSUOo awoLlleuOll!ppe
OlU! )j6eq palO^OaJ aJe SlUaw^eda~ 'l!~oJd ou L1llM PI os aJe sasnoLl H.:IH^I 'l!un Jad
SlSOO ijos JaLllO U! 009' ~$ pue saa~ JadOla^ap U! OOO'v$ 'UO!pnJlSUOO JO~ 000'09$ 'SlSOO
UO!l!S!nboe pUBI U! 000'99$10 a6BJa^e ue SMOLlS la6pnq pesodoJd elLl 'awoLl aLll ~o
uOllOnJlSUOO eLll OlU! ^llnbe leeMs ~O sJnoLl 00V-09Z Ol dn ul lnd lsnw ^I!we~ paloales L1oe3
'la6pnq pafoJd aLll ~o %L'6v dn e)jew sUO!leuop PU!)j-ul pue Joqel JealunlO^ '6u!pun~ ele^IJd
Uo!ssn~S!a le6png ~~e!O.1d
'^IUO
UO!lIS!nboe puel JO~ spun~ slSanbaJ lel!qeH "SUO!l!PUOO 6u!SnOLl palepldel!P JO snoJa6uep
pue eoeds 6Uldeels pepMOJOJa^o '6u!SnOLl uo aWOOU! elqesodslP ~O a6elUeOJed e L16!L1
OOl 6UlPuads se LIons SJOlOe~ leJe^as SMa!^aJ lellqeH 'peloalas eJe peau lSaleaJ6 eLll L1l!M
aSOLll"Sa!l!We~ pa!~!lenb aLll ~O '(I~W) aWOOU! ^1!We~ uelpaw ~O %OS-SZ uaaMlaq PloLlasnoLl
e Ol alqel!e^e aq 111M leLll sawoLl alqepJo,Ue Jno~ ep!^oJd Ol pau61sap S! loafoJd S!L11
'paeu s,PloLlasnoLl peloales eLll uo peseq spl!nq lellqeH "peuapJnq lSOO se pal~!lUap! aJe
leLll awoou! ue!paw %09-0 uaaMlaq 6u!uJea sPloLlesnoLl JO~ 6u!SnOLl elqepJo,Ue ~o UO!SI^oJd
, aLll S! se ^lPopd L16!L1 e S! spa~ap leOIS^L1d L1llM sawoLl Ul 6u!^!I sa!l!we~ aSOLll JO~ 6u!SnOLl
paldnooo-JaUMO "^l!:> eMol U! peau leaJ6 e se 6u!SnOLl elqepJo,Ue sa!~!luap! Sd31S All:>
peeN l~e!o.1d JO uOlleluewn~Oa
SISA 1YNY :I:IY~S
(000'8$) saxello na!l U! luawAed
:saxe14ladoJd
palSanbaJ JelloP 8808 lpea JOl spunl JalnO U! 9€'€$ :sPUn:l 3INOH\Dea~ ~!O Bu!BeJaAa1
%Z6 :papun:l '<I:l!lqnd ~:larOJd jO ~ua:lJad
'ZV$ :popad JeaA-g ~ e JaAO uosJad Jad lSO=:> lelol
"A=:>uel=:>adxa al!llnlasn JeaA-g ~ e JaAO Slenp!A!pU!
mauaq II!M le4ll=:>afOJd lUaWaAOJdw! lel!de8
uosJad/€Z9$ :uOSJad Jad ~soO I~ol
"SJeaA L9'99lo popad a=:>ueJldwo8 'lUeJ8 pauJe3 :SWJal ~uaw'<eda~
OOO'OOZ$ :pa~sanba~ ~unowv
%0
%E1
%62:
%62:
%62:
yw %OO! JaAO
yw %OO! -08
yw %08-15
yw %05-n;
yw %OE-O
:sa!Je!:l!jauae
("(,,
:paAa!4:lV leoD Sd31S AlIO
Al!IPe.::J =:>!Iqnd
:~!JO!Jd Sd31S AlIO
:ad'<l ~!A!~:lV
Sa!l!I!=:>e.::J =:>!Iqnd Ja4l0 - MOl
pa!lllUapllON
:ssaJpPV ~:larOJd
6v68- L€€
uo>>ed }!JeV\j
:~:l~UOO ~ue:l!lddv
ZO ~ aBed
l=:>afoJd aJOlsaH - Al!UewnH JOllel!qeH Aalle^ eMol
:JaqwnN aBed 'B aweN ~:larOJd
~1I0d311 :I:IY ~S
M31A311 ~NY:JI'ddY 3WOH/9S0:J LOki
ill:> YMOI:lO ill:>
'a^!loafqo s!4llaaW II!M II M04 pUB ((SJalSBSIP IBJnlBU 'a'!)
paau AlIUnWWOO lUa6Jn JO 'l4611q pUB Wnls !O UOIlUa^aJd a4l UI PIB 'suosJad awoouI alBJapOW
-Ol-MOI mauaq) laaw ol papualuI sl loafoJd SI4l a^noafqo IBUOnBU anH lB4M WJI!UOO aSBald 'S
l,sasuadxa paJB4s Ol alnqpluoo JO alBool-oo Ol
sJaulJBd asa4l WOJ! luawllwwoo WJ!! B a^B4 lUBOllddB a4l saoa 'UOIlBOllddB a4l 4llM papnloul
lOU aJaM uOIlB~aSaJd OpolsIH !O SpUaIJ~ pUB loafoJd aJnlluJn~ a4l WOJ! lJoddns !O SJana1 'V
l,paUIWJal8p
pafoJd a4l!0 SlSOO a4l aJaM MOH 1,6UIPl!nq pasodoJd a4l JO! Ja#o aSB40Jnd B aJa4l SI '€
'paau AlPOpd alqBO!lddB lSOW a4l SB
lB4l palBlS lUBOllddB aouIs SPl04asn04 awoouI MOl JO! sllun 6uIsn04 alqBpJO#B !O uO!lOnpoJd
a4l saSBaJOUI JO SJalUaJ awoou! alBJapOW-Ol-MOI sdla4 AnOaJIP l08foJd sI4l M04 alBO!pul 'Z
l,slBIJalBW 6uIPl!nq aSB40Jnd Ol awoouI UBI paw !O %00 ~ Ja^o
auo ou salBdpIlUB lUBO!lddB 'OS!I l,SIBpalBW 6UIPl!nq !O SJaSB40Jnd IBIlualod !O Jaqwnu a4l
pa~as SlualP 0017' ~ a4l aJV l,palBlnOIBO pa~as aq Ol uOIlBlndod a4l!0 alBWIlsa a4l SBM MOH '~
passa.JpPtf aq 01 swall )0 ,{Jewwns
'JBaA auo JO! aJOlsa~ a4l palBJado SB4
lUBOllddV 'spafoJd lSBd UI SpUn! 311\10H pUB E:>SaO paJ8lSIUIWPB Alln!SSaOons SB4 lUBOllddB a4.l
l:Ja!o.Jd pasodo.Jd aLII alaldwoo ,{l/n)ssa:J:Jns 01 ,{I/:Jedeo .10 ,{JOIS/H lue:Jllddt/
'UOIlBnllS
6UI6uB40 a!1I B JO ssaussalaw04 WOJ! 6u!UOIlISUBJl sPl04asn04 awoouI MOl Olll SapI^oJd pUB
aJnlluJn! palBuop sasnaJ loafoJd aJnlluJn~ a4.l 'UO!lB~aSaJd OIJOlSIH!O spua!J~ a4l pUB loafoJd
aJnllUJn~ a4l 'SWBJ60Jd OMl 4llM alBOOI-OO Ol sasodoJd loafoJd 'SJaalUnIO^ SB lIaM SB SaJOlS
Alddns 6uIPllnq pUB salUBdwoo UOIlOnJlSUOO IBOOI 4l!M 6U!)tJOM!0 AJOlSI4 B SB4 lUBOllddB 84.1
sa/I/A/I:JtI\sa:J/AJas 6u/IS/X3 L11/M uO/leu/p.JooO l:Ja!O.Jd
"lUBO!lddB a4l Aq palaldwoo saw04!0 UO!lOnJlSUOO a4l U! pasn aJaM SIBIJalBW pa^BS a4l
!O 40nw M04 JO sllun 6U!Sn04 alqBpJO#B !O UOIlOnpoJd a4l OlU! )tOBq AnOaJIP luaM spaaooJd a4l
!O 40nw M04 !O uOlluaw ou SI aJa4l Ja^aM04 'IBIJalBW 6UIPl!nq !O SUOl OS Plos pUB pa^BS aJOlsa~
'UOIlBO!lddB a4l 4l!M papnpu! SBM
Ja#o aSB40Jnd JO 8lBWIlsa UOIlOnJlSuoo ON l,AlJ8doJd a4l !O 6UIUOZaJ a4l JO! UOIlBpuaWWOoaJ
#BlS a4l sl lB4M 'pauozaJ aq Ol paau OSIB 111M AlJadoJd pal!llUap! a4.ll,spun! asa4l
panlwwoo Al!O a4l SBH 'Al!O BMOI!O AlIO a4l WOJ! uOllnqpluoo 000'009$ B uo sa!laJ loafoJd a4.l
uo!ssnos!c ~a6pn8 ~oarOJd
'SJalUaJ awoouI alBJapOw-Ol-MOllSISSB AllOaJIP lOU ABW sa!mua mOJd-Jo!
Ol JO sJauMOaW04 'spJOIPUBI Ol s6UI^BS lSOO B lB papI^oJd SIBIJalBW 6UIPl!nq a4.l 'sP104asn04
111\11 JO! samunlJoddo d!4SJaUMOaW04 alqBpJO#B IBUOmppB dOla^ap II!M loafoJd a4l M04 JO SJalUaJ
awoouI MOllSIsSB AnOaJIP 111M loafoJd SI4l M04 uIBldxa lOU saop Ja^aM04 'loafoJd sI4l JO! paau
Alpopd alqBO!lddB lSOW auo a4l SB uapJns lSOO a6JB1 pUB IIBws 'Jalua~ sal!llUapI lUBOllddV
'saol~as Jla4l ssaOOB AI!SBa UBO o!lqnd a4l
lB4l OS alBool-oo Ol uOIlB~aS8Jd O!JOlSIH !O spuap~ a4l pUB loafoJd aJnllUJn~ a4l 4llM dl4SJaUlJBd
B pUB '(UO!lBJado!o JBaA lSJI! J!a4l U! asnaJ JO! o!lqnd a4l Ol Plos pUB pa^BS IBIJalBW 6UIPl!nq
!O SUOl OS) IBlUaWUOJ!^ua aq OllOafoJd S!4l JO! paau a4l pal!llUap! SB4 loafoJd pasodoJd a4.l
paaN ~oarOJd 10 uo!~e~uawnooc
SISA 'VNV :I:IV lS
ldwaxa XBl
:sax8l.4ladoJd
palSanbaJ JBIIOP 880:> L10Ba JO! spun! JaLllO U! 98' ~$ :spun::l 311\10H\~aa:> ~!:> Bu!B8JaAa1
% ~ v : papun::l '<1:>!Iqnd ~:>arOJd jO ~ua:>Jad
'8~$ :popad JBa^-g~ B JaAO uosJad Jad lSOO IBlOl
'^OuBl9adxa aJ!llnJasn JBa^-g ~ B JaAO SIBnp!A!pU!
mauaq II!M lBLlllOafoJd lUaWaAOJdw! IBl!dB:>
uosJad/v9Z$
:uOSJad Jad ~SO:> I~o~
'SJBa^ ~8'8 ~ JO popad aOUB!ldwo:> 'lUBJ8 pauJB3
:sWJa~ ~uaw'<edaH
L~v'99$
:pa~sanba~ ~unow'tf
IWl %15 < 81 :peJ~ snsuaJ :lyauas eaJ'V
: Sa!J8!:>yauaa
(~~ ~ aBBd)
Sa!l!IPBJ POOLlJoqLlB!au lonJlSUOO pUB UBld
:paAa!LI:>'tf leo~ Sd3~S All:>
~!I!OB~ O!lqnd
:~!JO!Jd Sd3~S All:>
:ad'<l ~!A!~:>'tf
Sa!l!l!OB~ POOLlJoqLlB!aN - L1B!H
aApo ap!Sa>lBl O~6 ~
:ssaJpp'tf ~:>arOJd
~9L~'~9~
SpJBMP3 BIJBII\I
:~:>~UO:> ~ue:>!Idd'tf
Z6 aBBd
Old ~Bluawal3 pooM lUBJ8
:JaqwnN aBed 19 aW8N ~:>arOJd
~1I0d311 :I:IV~S
M31A311 ~NV:lI'ddV 3WOH/!)SO:llOJd
ill:> YMOI :10 ill:>
l..~Ue~!ldde
elH JO Jle4eq uo ~ueweeJ6e e4~ Je~ue o~ 6U!II!M eq 'uo!~ez!ue6Jo ~ueJed e4~ se '~~p~S!P 1004~S
e4~ II!M 'e~e~s e4~ 4~!M pe!J!~e~ ^mUe le6el e ~ou S! pue pelle~Su! eq II!M ~uewd!nbe e4~ eJe4M
^~edoJd e4~ UMO ~OU SeOp~! se ^K) e4~ 4~!M ~ueweeJ6e 88a::> e Je~ue ~ou ^ew ~Ue~!ldde e4.1 'g
'se~eJjns pue ~uewd!nbe pesodoJd lie peAoJdde se4 Jo~eu!pJoo::>
^~eJes as::>::>1 e4~ J! e~e~!pu! oSle eseeld 'peSe4~Jnd eq o~ ~uewd!nbe JO sed^~ pue s~so~ ~~efoJd
le~o~ JO Sl!e~ep ep!AoJd eseeld 'uo!~e~!Idde e4~ 4~!M pep!AoJd ~ou seM e~ew!~se ~SO~ pel!e~ep 'V 'v
l..e~ep 4~ns mun 6upepJo ^elep o~ elqe eq ~ue~!ldde II!M '900Z '~ ^Inr
mun ~uewd!nbe e4~ Jepjo 'e'! 'sesuedxe Jn~u! ~ou ^ew ~Ue~!ldde e4~ 'spunJ 88a::> 4~!M pesJnqw!eJ
eq 0.1 '900Z IPd'V U! JepJo ~uewd!nbe punoJ6^eld e4~ eS!AeJ II!M O.1d e4~ ~e4~ se!J!~uep! ~Ue~!ldd'V '~
l..s~ueweAoJdw! ese4~ JOJ ^~ue~~edxe eJ!I e4~
S! ~e4M '^~!IOd ~uew~seAul ^~!::> e4~ uo peseq 'pepunJ ^lInJ J! 'sJee^ S'S ~ S! poped e~Ue!ldwo::l e4.1 'z
'^::l!lod S!4~ WOJJ I!::luno::> WOJJ JeA!eM e ~e6 JO ~uewnJ~su!
^~pn::les e JOJ uo!~do Je4~OUe ep!AoJd ~snw ~ue::l!ldd'V '~::lp~S!P 1004::lS e4~ ^q peuMo ^~edoJd
uo pel!J eq ~ou ue~ e6e6~ow e Mel ^8 's~::lefoJd ^~!I!::leJ ::l!lqnd lie JOJ pez!mn eq ~snw 'e6e6~ow
e se 4::lnS '~uewnJ~su! ^~pn::les e ~e4~ e~e~s spunJ 311\10H/88a::> JOJ ^::l!lOd ~uew~seAul ^~!::> e4.1 '~
passaJPPY aq oJ swaJI JO Newwns
'e~!s ~::lefoJd e4~ UMO ^e4~ se ^~!::> e4~ 4~!M ~ueweeJ6e e4~ Je~ue ~snw 'uo!~ez!ue6Jo
~ueJed e4~ se 6U!ll!M J! '~::lp~S!P 1004::lS e4.1 'se::lJnos 6u!punJ leJepeJ-uou pue leJepeJ JO ^~epeA e
4~!M 6U!)jJOM e~uepedxe se4 pue s~::lefoJd 88a::> sno!AeJd peJe~s!u!wpe ^lInJsse~::lns se4 as::>::>1 e4.1
J:>a[OJd pasodoJd aln aJaldwo:> ,{lInJssa:>:>ns OJ ~I:>ede:> JO NOJSIH Jue:>!Iddy
'sweJ60Jd ^::lue6e Je4~0 pue ^~!::>
'S1004::lS leJeAeS meueq II!M ~e4~ ~uewd!nbe punoJ6^eld JO uO!~elle~su! pue uO!~::leles e4~ U! sJeu~ed
snopeA 4~!M 6U!)jJOM S! ~ue~!Idd'V 'JopeJ!a ^~eJes as::>::>1 e4~ 4~!M 6U!)jJOM eJe ^e4~ pe~e~s ~ue::l!ldd'V
saIJIAIJ:>V\sa:>IAJas BUIJSIX3 4JIM uOIJeuIPJoo:> J:>a[OJd
'peSe4::lJnd eq II!M e::leJjnsnuewd!nbe
JO sed^~ ~e4M uo e~eJoqele ~ou seop ~nq Isep06e~e::l e~eJjns pue punoJ6^eld sepnl~u! ~e6pnq
e4.1 'pefoJd S!4~ JOJ s~ueJ6 snopeA 6u!u!e~qo U! InJsse::l::lns ueeq se4 ~ue~!Idd'V 'se~Jnos eldmnw
WOJJ se~Jnos 6u!punJ leuo!J!ppe ~46nos se4 pue OOO'S$ JO uo!~nqp~uo::l Jee~UnloA e se4 ~ue::l!ldd'V
uOIssn:>slO JaBpng J:>a{OJd
'Po04Joq46!eU 6u!punoJJns e4~ pue 's~uepn~s 1004~S Je:y.e pue eJoJeq 's~uepn~s
1004::lS Jewwns ep!s ~see '::>r::>N ^q pe~eJedo 1004::lS-eJd e4~ '1004::lS e4~ smeueq pue e~!s e4~ ~e
's~ueweAoJdw! punoJ6^eld 'e'! 'Se!~!A!~::le leuoqeeJ::leJ Joop~no s~oddns uO!~e::l!ldde S!4.1 'sd!4SJeu~ed
^~!unwwo::l leJeAeS pe6eJno~ue POOM ~e ~::lefoJd wn!seuw^6 pue Je~ue::l e~JnoseJ ^l!weJ 90A.:I e4.1
'spJepue~s ^~eJes Meu o~ enp
Je~ue::l e::lJnoseJ ^l!weJ/Wn!Seuw^6 e4~ JO UO!~eldwo~ e4~ Jeij.e peuo!~!sodeJ eq ~ouue::l ~e4~ ~uewd!nbe
^eld snopeA JO leAOWeJ e4~ peJ!nbeJ ~nq 'e~eldwo::l Jeeu S! )jJOM e4~ se~e~s ~Ue::l!ldd'V '(::>r::>N) ^~uno::>
uosu40r JO sJe~ue::> P004Joq46!eN ^q pe~eJedo weJ60Jd 1004~S-eJd e esn04 II!M Je~ue::l e~JnoseJ e4.1
'Je~ue~ e::lJnoseJ ^l!weJ e pue (6u!wweJ60Jd uo!~eeJ::le~ pue s)jJed ^~!::> eMol se lIeM se esn 1004::lS
JOJ) wn!seuw^6 ^~!unwwo::l e6Jel e Pl!nq o~ spunJ 88a::> pue ^~I::> peAle~eJ ~e~ueweI3 pooM 90A.:I UI
'eWO~u! uelpew eeJe e4~ JO %OS MOleq eJe SPl04esn04 e4~ JO % ~g JeAO eJe4M peJ~ e 's ~ ~::leJ.1
snsue::> U! S! ~e~ueweI3 pooM '4::lUnl pe::lnpeJ JO eeJJ JOJ elq!6!leeJe %ZV se~e~s ~ue::l!ldde 's~uepms
Hv e4UO '(g~ ~enuer JO se pellOJue ~~v) s~uepn~s Hv 4~!M ^~I::> eMol U! 1004~S ~e~uewele e6Jel
e S! ~e~ueweI3 POOM 'SP004Joq461eu ewo~U!-MOI u!Se!J!ll::leJ leUOI~eeJ~eJ pue s)jJed JO Uo!~!ppe
e4~ se6eJno::lue oSle Sd3.1S A.1I::> '^~popd 46!4 e se se!~!I!~eJ P004Joq46!eU se!J!~uepI Sd3.1S A.LI::>
paaN J:>a{OJd JO uOIJeJuawn:>oo
SISA '''N'' :1:1" lS
ldwax3 xel
:saxe14ladoJd
'palSanbaJ Jellop 88a~ 40ea JOj spunj Ja4l0 U! SO'$ :spun~ 3INOH\~Sa~ ~!~ Bu!BeJaAal
%~6 :papun~ ,{I:>!lqnd l:>a[OJd jO lua:>Jad
~g'$ :popad JeaA-g~ e JaAO uosJad Jad lSOO lelol
'AOUelOadxa aj!llnjasn JeaA-g ~ e JaAO Slenp!A!pU!
mauaq II!M le4ll0afoJd lUaWaAOJdw! lel!de~
uosJad Jad Z9'L $ :Plo4asnoH/uosJad Jad lSO~ 18101
'SJeaA ~ ~ 'Z jO popad aOUe!ldwo~ 'lUeJ8 paUJe3 :sWJalluaw,{eda~
00v'9$ :palsanba~ lunowy
%'17 yw %08 JaAO
%E yw %08-'[5
%8 yw %05-'[E
%58 yw %OE-O
:sa!Je!:>yauas
(so ~ a6ed) 'saml!oej
Jalla4s 6u!lS!Xa U!elU!eW pue aAoJdwl :A6aleJlS
:paAa!4:>Y leo~ Sd31S AlI~
Jalla4S Aoua6Jaw3 - 46!H
Al!l!oe.:l O!lqnd
Al!~ eMol (pasOIOS!pUn)
:~!JO!Jd Sd31S AlI~
:ad,{l ~!A!l:>Y
:ssaJpPY l:>a[OJd
Z ~ ~ 'lXa ZvO ~ ' ~ g~
JaSOa uuewlJo.:l a!lsp>I
:l:>8lUO~ lue:>!lddy
ZL - a6ed
(dl^a) weJ60Jd uO!lUaAJalul aoualo!^ O!lSaWOa
:JaqwnN aBed 1fl aweN l:>a[OJd
~1I0d311 :I:IV~S
M31A311 ~NVJI'ddV 3WOH/9S0J lOA:l
ill:> VMOI :10 ill:>
(sa6eM 6u!l!e^aJd - uooea s!^ea) pafoJd S!lIl Ol ^Idde II!M SUO!s!^oJd JoqelleJapa.:l '6
'U!eldxa aseald 'papuadxa uaaq lOU a^ell spun~ allllelll alels spJooaJ ^l!~ 'Ja^aMOll
~papuadxa uaaq a^ell spun~ 8aa~ 90A.:I allllelll uO!leO!ldde alll U! salels lUeo!ldd\f 'S
tSlS!Xa II!lS de6 e ~! SOA.:I U! ^Idde pue loafoJd S!lIl JO~ as!eJpun~
lOU ^lIM 'Jea^ e l!eM ueo dlAa lelll palels a^ell SJOlOeJlUOO lelll salelS UO!leo!ldd\f 'L
I^U!^ 'S^ am 'S^ ladJeo tsadAl 6upOOI~ JalllO pallOJeaSaJ dlAa seH '9
tla6pnq a~asaJ lel!deo e a^ell dlAa saoa '9
tanU!lUOO loafoJd alllll!M 'papun~ ^lIe!lJed ~I 'v
'loafOJd S!lIl alaldwoo pue u!6aq II!M ^alll uallM pue spun~ AJessaoau
alll u!elqo II!M ^alll SaleW!lSa lUeO!ldde alll uallM Ol se aU!law!l e ap!^oJd aseald '~
tloafOJd S!lIl JO~ un6aq ^peaJle 6u!s!eJpun~
seH '009$ ~o lIolew loafOJd palels alll ap!^oJd Ol 6u!s!eJpun~ Saledp!lue dlAa 'Z
tspun~ Jalllo 6u!sn ~o Al!l!qel!e^e alll palloJeasaJ dlAa seH '~
passaJPPtf aq o~ swa~1 JO AiBwwns
'spafoJd alll alaldwoo
Ol ^lpedeo luapl,Uns UMOllS S^eMle sell dlAa 'Al!l!oe~ luaJJno alll qellaJ ^llUanbasqns
pue lOnJlSUOo Ol spun~ 6u!pnIOU! 'SpJeMe 6u!pun~ 8aa~ ~o Jaqwnu e pa^!aoaJ sell dlAa
~:Ja!OJd pasodoJd aLl~ a~aldwo:J ,{l/nJssa:J:Jns o~ ~!:JBde:J JO Aio~S!H ~ue:J!lddtf
'sao!~as lJoddns
pue sanss! 6u!SnOll uo 6U!)!JOM sdnoJ6 ^l!unWWOo ~o a6ueJ ap!M e lIl!M SaleJoqelloo dlAa
sa!~!I\!~:Jtf\sa:J!lUas 6u!~s!x3 LI~!M uo!~eu!pJoo:J ~:Ja!OJd
'P!le^ aq Ol Jeadde SlSOO alll os 'UMOp)!eaJq la6pnq alll U! palels sasuadxa alll
JO~ SP!q paJnoas lUeo!ldd\f 'la6pnq sJoafOJd alll ~o %~6 ^laleW!xoJdde dn a)!ew Spunl 8aa~
uo!ssn:Js!o ~a6pnB ~:Ja!OJd
'JOOI~ puooas alll uo ^eMllell alll U! ladJeo leu!6po alll aOeldaJ
Ol spun~ slSanbaJ lueO!ldd\f '~66 ~ U! papnJlSUOO seM Al!l!oe~ alll aou!s uaJPI!lIo pue uaWOM
009'~ uelll aJOW pasnoll sell JallallS alll 'S!SPO ~o sa6els lemU! alll puo^aq sa^ow lua!lo
alll al!lIM lUaWUOJ!^ua a~es e ap!^oJd Ol S! weJ60Jd alll ~oloadse leomJO \f 'uaJPI!lIo J!alll pue
aOUalo!^ O!lSaWOp ~o SW!lO!^ Ol sao!~as lJoddns pue UO!lUa~alU! S!SPO 'JallallS sap!^oJd dlAa
paaN ~:Ja!OJd JO uo!~e~uawn:Joo
SISA 'VNV :I:IV lS
ldwaxa xe.l
:saxe14ladoJd
palSanbaJ JelloP D8a~ 40ea JOl spunl Ja4l0 U! 00. ~$ :sPUn.:l 3WOH\~Sa:> ~!:> 6u!6eJa^al
%09 :papun.:l AI:)!Iqnd ~:)arOJd jO ~ua:)Jad
vB$ :popad JeaJ\-9 ~ e Ja^o uosJad Jad lSOO lelo.l
"J\oueloadxa al!llnlasn JeaJ\-9 ~ e Ja^o slenp!^!pu!
mauaq II!M le4lloafOJd luaWa^oJdw! lel!de~
uosJad/v9z' ~$ :uOSJad Jad ~so:> I~ol
.SJeaJ\ L"99lo popad aOUe!ldwo~ .lUeJD paUJe3 :swJal ~uawAeda~
OOO'OOZ$ :pa~sanba~ ~unow\f
%001
yw %OE-O
:sa!Je!:)yauas
(Z ~ ~ a6ed)
JalUa~ 4lnoA lO UO!S!^OJd
:pa^a!II:)\f leo~ Sd31S All:>
J\l!I!Oe~ O!lqnd
:~!JO!Jd Sd31S All:>
: adAl ~!^!~:)\f
JalUa~ 4lnoA - 46!H
a^pa lUOJJjaleM 9~6 ~
:ssaJpp\f ~:)arOJd
€Z9V. L€€
le^4~ }\JeV\l/auOleV\l !IIa)t
:~:)~UO:> ~ue:)!Idd\f
ZB a6ed
JalUa~ 4lnoA s}jeo Jno=,
:JaqwnN a6ed 'fl aweN ~:)arOJd
J.1I0d:lll :I:IYJ.S
M:lI^:llI J.NY:>IlddY :lwoH/9Sa:> LOki
A.LI::> V MOl :10 A.LI::>
1.6u!punJ le!lJed S~M!a::>aJ l::>afoJd alll J! anU!luo::> l::>afoJd alllll!M '9
l.l::>afoJd S!lIllll!M lS!SSe Ol sa::>!J\.Jas uewnH JO
lUawlJedaa alll JO aS~~1 alll se lI::>ns sa::>Jnos JalllO WOJJ spunJ palSanbaJ lue::>!Idde seH 'v
'(sa6eM 6U!l!eAaJd - uo::>ea S!Aea) l::>afoJd S!lIl Ol Aldde II!M SUO!s!AOJd JoqelleJapa~ .~
l.Sa6elUeApeS!p Aue aJalll aJ"i/ l.a::>eds weJ60Jd alll 6u!lep!lOSuo::>
U! sa6elueApe alll aJe lellM 'JeaA S!lIl aJ!dxa II!M (alls-Mo) saseal J!alll JaAaMoll
'6u!uunJ pue dn aJe a::>eds MaU alll Adn::>::>o II!M lelll sweJ60Jd alll SalelS lUe::>!ldd"i/ 'Z
'SpJepUelS aSallllll!M Aldwo::> II!M lue::>lldde MOll ale::>!pUI
'000'00 ~$ JaAO SpeJlUO::> UO!l::>nJlSuo::> JOJ pOlllaW paJJaJaJd alll Sl (6U!S!lJaApe leWJOJ)
SP!q paleas Aq lUaWaJn::>OJd 'SpJepUelS lUaWaJn::>oJd leJapaJ MOIIOJ lsnw lUe::>!ldd"i/ '~
peSSeJPP\1 eq O~ swe~1 jO AJeWWns
'spunJ 8aa~ 6u!pnpUI 'sa::>JnOS 6u!punJ aldmnw lIl!M pa~JOM
sell pue Aluno~ UOsullor U! sa!l!weJ pue lIlnOA 6u!J\.Jas JO AJOlSlll JeaA-9~ e sell s~eo mo.::l
~~erOJd pesodoJd eLl~ e~eldwo:> AllnjSSe~~ns O~ A~!~ede:> JO AJO~S!H ~ue~!Idd\1
'~Hln alll pue 'sa::>!J\.Jas uewnH JO luawlJedaa 'luawlJedaa a::>!IOd Al!~ eMol 'lJno~
all!uaAnr 'as~~1 alll se lI::>ns sJaulJed lIlnOA Allunwwo::> leJaAaS lIl!M S~JOM Mels weJ60Jd
se!~!^!~~",se~!AJes 6u!~s!x3 LI~!M uo!~eu!pJoo:> ~~erOJd
'~JOM lIl!M 6u!paa::>OJd
pue JOl::>eJluo::> e 6u!SOOll::> aJOjaqspJepUelS lUaWaJn::>oJd leJapaJ MOIIOJ pue as!lJaApe lsnw
lue::>!Idd"i/ 'UO!llPpe 6u!Pllnq alll JOJ aleW!lSa S,JOl::>eJluo::> e paA!a::>aJ lue::>!ldd"i/ 'l::>afOJd S!lIl
JOj spunJ J!alll JO 000'96 ~$ ap!AoJd II!M pue 000'9$ JO UO!lnq!Jluo::> JaalUnloAe selllue::>!Idd"i/
uo!ssn~S!a ~e6pn8 ~~erOJd
'sa::>!J\.Jas aJe::> dnoJ6 JO uO!lUalap AllSO::> 6u!luaAaJd AI!Wej alll
JO Al!l!qels alll alOWoJd pue awoll J!alll U! lIlnOA daa~ Ol pau6!sap aJe sweJ60Jd SJue::>!ldd"i/
'aJ!lllnpe aAll::>npoJd e Ol SJa!JJeq 6U!AOWaJ lIl!M a::>uelS!SSe paau pue SJO!Aellaq luanbu!lap
pue IOOll::>S lIl!M pal66nJlS aAell OllM 'awo::>U!-MOI AllUeU!WopaJd 'lIlnOA saJ\.Jas l::>afoJd all.l
'a::>eds 6UlUJeal pue Sa!l!A!l::>e
'UO!leaJ::>aJ JOOPU! JOj WOOJ Al!A!l::>e a6Jel e pue SWOOJ 6u!laaW 'SlS!deJalll pue MelS JOj
a::>eds se lIaM se luawleaJl pas!J\.Jadns JO paau U! lIlnOA 1I611l Jo!uas pue Jo!unf JOJ a::>eds MOlle
PlnOM uO!l!ppe alll salelS lue::>!Idd"i/ 'weJ6oJd luawleaJ.l Al!UnWWO~ paJnpnJlS alll AI!Jew!Jd
'sweJ6oJd 6u!lS!Xa JOJ a::>eds ap!AoJd Ol Jallalls A::>ua6Jawa lIlnOA J!alll Ol uO!l!ppe ue l::>nJlSUO::>
Ol sasodoJd lue::>!Idd"i/ 'sweJ6oJd lIlnOA JOj a::>eds leuO!l!ppe JOJ paau alll 6u!le6!lSaAU!
JO aA!l::>afqo WJal 6uOI e lIl!M Al!Jo!Jd 1I6!1I e se SJalua::> lIlnOA Sa!jllUap! Sd3.lS A..LI~
peeN ~~erOJd jO uo!~~uewn~oa
SISA 'VNV .:I.:IV lS
'l!JOJd-uou aLfl JOJ sao!JJo asnoLf
leLfl s6u!PI!nq aLfl JO uO!lJod aLfl JOJ ldwaxa xel aJe
lnq 'sluawlJede leuOmSueJl aLfl JOJ JeaA e 000'9Z$
:saxel ~:JJadoJd
'palSanbaJ
JellOp 8Sa~ Lfoea JOJ spunJ JaLflO U! LZ' ~ $ :spun:l 3INOH\DSC:> ~I:> 6Ul6eJaAa1
%vv :papun:l ~1:>!Iqnd ~:>arOJd ,10 ~ua:>Jad
g~' ~$
: popad JeaA-g ~ e JaAO uosJad Jad lSOO lelo 1
'Aoueloadxa aJ!llnJasn JeaA-g ~ e JaAO Slenp!A!pU!
mauaq II!M leLfllOafoJd lUaWaAOJdw! lel!de~
uosJad Jad Z~'L~$ :Pl04asnoH/uosJad Jad ~so:> I~ol
'SJeaA ~~'L JO popad aOue!ldwo~ 'lUeJ6 paUJe3 :swJal ~uaw~eda~
OOO'ZZ$ :pa~sanba~ ~unow"
%6E
%'2:
%8
%15
yw %08 J~MO
yw %08-15
yw %05-1E
yw %OE-O
: saIJel:>l,Iauas
(~~ ~ -d) sa!l!lpe.:l LflleaH JOJ UO!S!AOJd :A6aleJlS
:paAaI4:>" leoD Sd31S A.LI:>
sao!AJas LflleaH - L16!H
saml!oe.:l L1lleaH - MOl
Al!l!oe.:l O!lqnd
anuaA'v' ale6L1lnOS O~V
:~IJOIJd Sd31S A.LI:>
: ad~l ~IAI~:>"
:ssaJpp" ~:>arOJd
L9~v' ~ g~
6JaS UO~
:~:>~UO:> ~ue:>!Idd"
o ~ ~ - a6ed
'v'~~311'J
:JaqwnN a6ed ~ aweN ~:>arOJd
~1I0d311 :J:JV~S
M31A311 ~NV::lI'ddV 3WOH/9S0::l lOA:.l
llI::> YMOI :10 llI::>
(sa6eM 6u!l!e^aJd - uo~e8 s!^ea) pafoJd S!4~ o~ Aldde II!M SUO!s!^oJd JOqelleJapa.::l '9
IAU!^ 'S^ am 'S^ ~adJe~ isad~ 6upOOI! !O ~ape^ e pa4~JeasaJ \i~~3V\J seH 'v
i~a6pnq a~asaJ le~!de~ e a^e4 \i~~3V\J saoa '~
ianu!~uo~ ~~afoJd a4~ II!M 'papun! Alle!~ed !I 'Z
ispun! Ja4~o 6u!sn !O A~!I!qel!e^e a4~ pa4~JeasaJ \i~~3V\J seH ' ~
pesseJpPtt eq 01 swell JO A.lewwns
'spafoJd
a4~ a~aldwo~ o~ ~pede~ lua!~!:uns UMo4s sAeMle se4 \i~~3V\J '986 ~ U! ~!I!~e! ~uaJJn~
a4~ ~~nJ~suo~ o~ spun! 6u!pnIOU! 'SpJeMe 6u!pun! 88a~ !O Jaqwnu e pa^!a~aJ se4 \i~~3V\J
l:Je[OJd pesodoJd elll eleldwo:) AllnJsse:J:Jns 01 AJI:Jede:) JO A.lolslH lue:J!lddtt
'sa~!~as ~oddns pue sanss! 6u!Sn04 'sanss!
asnqe a~ue~sqns uo 6U!)jJOM sdnoJ6 ~!unwwo~ !O a6ueJ ap!M e 4~!M sa~eJoqello~ \i~~3V\J
se/lll\!l:Jtf\se:JllUes 6UIISIX3 IIIIM uOlleulPJoo:J l:Je[OJd
'~~afoJd ~uawa~eldaJ
~adJe~ a4l JO! ~ou pue ~!I!~e! a4~ ~e 6u!wweJ6oJd a4~ Ol pa~elaJ aq Ol sJeadde ~! ~nq 'A~!I!~e!
S!4~ ~e pa~uawn~op S! aw!~ Jaa~unIO^!o SJn04 096 ~e4~ sa~e~s ~ue~!ldde a41 ,!S e 00'9$ aq
o~ ~so~ a4~ pa~ew!~sa pue ~adJe~ !O !S 000'0 ~ 6upeldaJ uo sueJd ~ue~!ldd\i 'pa>>!wwo~ aJe
spun! 6u!u!ewaJ a4~ pue ~a6pnq s,~~afoJd a4~!o %vv Ala~eW!xoJdde dn a)jew spun! 88a~
uOIssn:JsIO le6png l:Je[OJd
'anua^\i a~e64~nos uo A~!I!~e! u!ew J!a4~ ~e 6u!~adJe~
a4~!o lie a~eldaJ o~ spun! s~sanbaJ ~ue~!Idde a41 '6u!~adJe~ Jeu!6po a4~!o ~sow se4 lI!~s
pue o6e SJeaA OZ Ja^o pa~~nJ~suo~ seM 6u!PI!nq a41 'JeaA e aldoad 008'Z Ja^o o~ sa~!~as
SGI\i/AIH 4~!M 6uole ~uaw~eaJ~ pue 6u!lasuno~ asnqe a~ue~sqns sap!^oJd \i~~3V\J
peeN l:Je[OJd JO uOlleluewn:Joo
SISA '''N'' :1:1" lS
ldwexe xe1
:saxel 4JadoJd
pelSenbeJ JelloP 8808 40ee JOJ spunJ Je4l0 U! L€'O$ :sPUn:l 3INOH\OaC:> ~!:> 6u!6eJaAa1
%€L :papun:l AI:)!Iqnd ~:)arOJd jO ~ua:)Jad
'v ~ . ~ $ : poped Jeel\-g ~ e JeAO uosJed JedlSOO lelo1
'I\ouepedxe eJ!llnJesn Jeel\-g ~ e JeAO Slenp!A!pU!
meueq II!M le4ll0efoJd lUeWeAOJdw! lel!de~
uosJedIL~$ :uOSJad Jad ~so:> 1~01
'Jeel\ ~ JO poped eOue!ldw08 'lueJ8 peUJe3 :SWJal ~uawAedaH
6Z'Z99'Z$ :pa~sanba~ ~unow"
%1'[
%'171
%SZ
%1Z
%6Z
yw %001 JaAO
yw %00 I -OB
yw %OB-1S
yw %OS- H:
yw %OE-O
: sa!Je!:)!jauaa
(Z ~ ~ e6ed)
Se!l!lpe=f eJe8lUepuedeo JO UO!S!AOJd
:paAa!LI:)" leoO Sd31S A.LI:>
Jelue8 eJe8 Pl!48 - 46!H
I\l!I!Oe=f O!lqnd
:~!JO!Jd Sd31S A.LI:>
:adAl ~!A!~:)"
9~ elS "eA'V lSJ!.::I 's OOL~
:ssaJpp" ~:)arOJd
L ~Og" ~g€
uepP'V JeJ!UUer
:~:)~UO:> ~ue:)!Idd"
vg e6ed
I\luno8 uosu4or JO OJ'V e41
:JaqwnN a6ed 'B aweN ~:)arOJd
~1I0d:lll :I:IV~S
M:lIA:llI ~NVJI'ddV :lWOH/9S0J lOkl
ill::> "MOl :10 ill::>
l,p~MoJdde S! 6u!punJ le!J,Jed J! enU!lUOO pefoJd II!M '9
'(se6eM 6U!I!eAeJd
- uooes S!Aea) ledJeo e4l JO uO!lellelSU! e4l JOJ Aldde PlnoM SUO!s!AOJd JoqelleJepe.::J 'v
l,Al!l!qes1P
e 4l!M ueJPI!4o JOJ eJeOAep JO el!dseJ JOJ pez!mn peledJeo eq Ol eoeds e4l S! ue:y.o MOH '€
l,el!nS ezeld eleplse3 J1e4lle Adnooo Ae4l eoeds lie UMO lUeO!ldde seoa 'e;
l,seeJe O!:ueJl 46!4 JOJ peu61sep ledJeo epeJ6 le!oJewwoo JOl
peJedwoo SP!q lie eJeM 'ep!AoJd Ol 6U!II!M S! Jel!eleJ e lUnOOS!p lO lunowe e4l 6u!u!WJelep
U! p!e oSle PlnoM sl41 'spJepuelS lUeWeJnooJd leJepel 4l1M Aldwoo Ol AJesseoeu
S! 6u!ledJeo J\l!lenb Jel!w!s 6upedwoo (OMllSeelle) SP!q eld!llnW '6u!PUnl pepJeMe JI '~
passaJpPY aq OJ swaJI 10 Aiewwns
'seOJnos 6uIPunl snopeA WOJl sweJ60Jd 6upelS!U!Wpe
eouepedxe se4 lUeo!lddv 'LOOe; U! AJeSJeA!UUe JeeA 09 J1e4l eleJqeleo II!M lUeo!lddv
J:>afOJd pasodoJd aLlJ aJaldwo~ ^lInlssa:>:>ns oJ ^J!:>ede:) JO AiOJS!H Jue:>!lddy
'se40Jn40 leool
pue 'ee^AH '>tJOM lepos lO 10040S IJon 'wnesnV\l s,ueJpI!4~ 'uO!leeJOe~ pue s>tJed Al!~
eMol se 40ns 6u!wweJ60Jd pue esn eoeds JOl sepue6e snopeA 4l!M seleU!pJOoO lueo!lddv
saIJI^IJ:>\f\sa:>IAJas 6UIJSIX3 L1JIM uOIJeuIPJoo:) J:>afOJd
'OO'OOv$lO lUnOOS!p
e 6U!P!AOJd eJe Ae4l selels JOloeJlUO~ '96'v09$lO uO!lnqpluoo JeelunloA e se4 lUeO!lddv
uOIssn:>slC Ja6pna J:>afOJd
'6U1ledJeo e4llo lSOO IInl e4l JOl Aed olle6pnq
J!e4l U! sPUnl eAe4 lOU op Ae4l selels lUeo!ldde 'AJeA!lep eO!AJes pue 4lMoJ6 penU!lUOO Ol ena
'elldseJ ep!AoJd Ol pue speeu
le!oeds 4l!M Pl!4o e 6U!Ae4 lO SlSOO e4l qJosqe se!l!wel e4l dle4 Ol Sl sweJ60Jd J!e4llo Auew
JO le06 e4l pue ewoOU!-MOI eJe peAJes Se!l!Wel e4l JO J\lpofew V 'Al!l!qeS!p e 4l!M PI!40 e eAe4
04M UeJpl!4o 4l!M se!l!wel Ol eJeo el!dseJ sep!AoJd lueo!lddv '6upOOll 6u!lS!Xe e4l uo ueJPI!4o
6U!Aeld pue 'esn J!e401ee4M 'OI:ueJllUelSUOO S! eJe41 'SJeeA 0 ~ lsed e4l JOl esn O!:ueJl
4614 Ol enp peu1els pue 6U!leAeJUn sn II SeledJeo UJOM J!e4l eOeldeJ Ol sesodoJd lueO!lddv
'SJelUeo
eOJnoseJ Al!wel pue eJeOPl!4o 'eJeo el!dseJ lO luewdoleAep J,Joddns Ol eA!lOefqo WJel 6uOI
e4l4llM AlPOpd 46!4 e se Se!l!lpel eJeo luepuedep lO UO!s!AOJd e4l Se!l!lUep! Sd31S AlI~
paaN J:>afOJd 10 uOIJeJuawn:>oc
SISA 'VNV .:I.:IV.LS
ldwax3 xel
:saxel 4aadoJd
"palSanbaJ
Jellop 88a~ 40ea JOj spunj Ja4l0 U! 9Z"$ :spun:l 3INOH\~Sa~ ~!~ Bu!BeJaAal
%6L :papun:l AI:>!lqnd l:>afoJd jO lua:>Jad
LL"$ :popad JeaA-g ~ e JaAO uosJad Jad lSOO lelol
'AouelOadxa aj!llnjasn JeaA-g ~ e JaAO Slenp!A!pU!
mauaq II!M le4ll0afoJd lUaWaAOJdw! lel!de~
uosJad Jad B9" ~ ~$ :Pl04asnOH/uosJad Jad lSO~ 18101
SJeaA 60'9 jO popad aoue!ldwo~ :lUeJ8 paUJe3 :sWJalluawAedaH
OBz'B~$ :palsanbaH lunowv
%9 yw %08 JaAO
%t7 yw %08-1S
% lZ yw %OS-'[E
%69 yw %O~-O
:sa!Je!:>yauas
(€ ~ ~ -d) sao!AJas 4lleaH JOj UO!S!AOJd :A6aleJlS
:paAa!4:>V leo~ Sd31S A.LI~
saO!AJas 4lleaH - 46!H
Sa!l!lpe.:l 4lleaH - MOl
Al!I!Oe.:l O!lqnd
:~!JO!Jd Sd31S A.LI~
:adAl ~!A!l:>V
laaJlS a6allo~ "3 LOg
:ssaJpPV l:>afoJd
~ ~Z lXa vBBL"B€€
ZjaJl ua4dalS
:l:>8luO~ lue:>!lddv
Z9 - a6ed
eMol
uJalSe3-P!1I\I JOj JalUa~ 4lleaH lelUall\l Al!UnWWO~
:JaqwnN aBed ~ aweN l:>afoJd
.LlIOdElll :I:IV.LS
MElIAEllI .LNV:>llddV ElwoH/gsa:> LOki
ill:> tlMOl:lO ill:>
(sa6eM 6U!I!eAaJd - uooes S!Aea) loafoJd S!4l Ol Aldde II!M SUO!S!AOJd JoqelleJapa,:j '9
ieaJe 6u!}ped a4l JOj alaJOuOO jO pealSU! lle4dse jO asn a4l paJOldxa ~HII\I~ seH 'v
ila6pnq aAJasaJ lel!deo e aAe4 ~HII\I~ saoa .~
ianU!lUOO loafoJd a4lll!M 'papunj Alle!lJed JI 'z
ispunJ Ja4l0 6u!sn JO Al!l!qel!eAe a4l pa40JeasaJ ~HII\I~ seH ' ~
pesseJpPtt eq o~ swell JO JfJewwns
'spafoJd a4l alaldwoo Ol Alpedeo lUap!:uns UMo4s
sAeMle se4 ~HII\I~ 's6u!PI!nq a4l alel!l!qe4aJ Ol spunJ oSle pue s6u!PI!nq lUaJJno a4l JO
awos aJ!nboe Ol spunJ 6u!pnIOU! 'SpJeMe 6u!punj 8Sa~ JO Jaqwnu e paA!aOaJ se4 ~HII\I~
~:)erOJd pesodoJd el./~ e~e/dwo:J ,{lInJsse:):)ns o~ ~/:)ede:J JO JfJo~slH ~ue:)!Iddtt
'saO!AJas UO!lellnsuoo pue 4oeaJlno ap!AoJd Ol sloo40S AJelUaWala leool JnoJ 4l!M S}jJOM
oSle ~HII\I~ 'SSaulI! leluaw e 4l!M uosJad e JalUnOoua Aa4l Ua4M sa!oua6e lUaWaOJoJua
MelleOOllS!SSe oSle Aa4.l 'ssaulI! leluaw 6upuapadxa aJe pue ssalawo4 aJe o4M suosJad
lS!SSe Ol sJaulJed Al!UnWWOo JO AlapeA e 4l!M S}jJOM ~HII\I~ 'SSaulI! leluaw 4l!M uosJad
Ol palelaJ sanss! uo 6U!}jJOM sdnoJ6 Al!unWWOo JO a6ueJ ap!M e 4l!M saleJOqelloo ~HII\I~
se/~/A!~:)'rf\se:)IAJes 6u/~SIX3 I./~/M uO/~eUIPJOo:J ~:)erOJd
'papJeMe aJe spunJ
8Sa~ J! SP!q OMllsealle amoas Ol paau II!M lueo!ldd'v' 'P!leA aq Ol Jeadde SlSOO a4l os
'uMop}jeaJq la6pnq a4l U! palels sasuadxa a4l JOj SP!q paJnoas lUeO!ldd'v' 'pa>>!wwoo aJe
spunJ 6u!u!ewaJ a4l pue la6pnq sJoafOJd a4l jO %6L AlaleWIXOJdde dn a}jew spunJ 8Sa~
uOIssn:)slO ~e6pnB ~:)erOJd
'seaJe 6u!}jJed pue aApp alaJouOO a4l 6u!OeldaJ
JO 6up!edaJ pue 6UIPI!nq L09 a4l ol sJ!elS AJlua alaJOuOO a4l JO luawaOeldaJ 'laaJlS
a6allo~ 6uole lIeM 6u!u!elaJ a4l jO dOl uo 6u!l!eJ JO aouaJ e 6u!llelSU! apnlOu! slUaWaAOJdw!
84.1 'O!lqnd leJ8Ua6 a4l pue :uels 'SlUa!lO JO AlaJes a4l JOJ sa!lJ8doJd a4l Ol slUaWaAOJdw!
pue aoueUalU!eW ap!AoJd Ol S! pafoJd pasodOJd a4.l 'PIO SJeaA OZ ~ JaAO aJe OMl
Ja4l0 a4l pue Plo SJeaA 9v JaAO aJe s6u!pl!nq a4l JO OM.l 'uMoluMOP JO lsea lsnf s6u!PI!nq
JnoJ jO xaldwoo e U! pasno4 S! ~HII\I~ a4.l 'JeaA 40ea SSaUII! leluaw 4l!M Slenp!A!pU!
OOO'Z JaAO saAJas (~HII\I~) eMOI uJalSe3-P!1I\I JOj JalUa~ 4lleaH lelUall\l Al!UnWWO~ a4.l
peeN ~:)erOJd JO uO/~e~uewn:)oo
SISA 'VNV .:I.:IV.lS