HomeMy WebLinkAbout2019/10/08 Item 1 - Attachment 1Funding Agreement, Page 1 of 18 October 2019
CHULA VISTA BAYFRONT PROJECT FUNDING AGREEMENT BY AND
AMONG THE COUNTY OF SAN DIEGO, THE CITY OF CHULA VISTA, THE
SAN DIEGO UNIFIED PORT DISTRICT AND THE CHULA VISTA BAYFRONT
FACILITIES FINANCING AUTHORITY
This funding agreement (“Funding Agreement” or “Agreement”) is entered into as
of October ___, 2019, by and among the County of San Diego (“County”), the City of
Chula Vista (“City”), the San Diego Unified Port District (“Port District”) and the Chula
Vista Bayfront Facilities Financing Authority (“Authority”) (collectively referred to as
“Parties”).
RECITALS
A. WHEREAS, the County is a political subdivision duly organized and
existing pursuant to the Constitution and the laws of the State; and
B. WHEREAS, the City is a chartered city organized and existing under the
laws of the State; and
C. WHEREAS, the Port District is a public corporation created by the
legislature in 1962 pursuant to the Harbors and Navigation Code Appendix 1; and
D. WHEREAS, the Authority is a public entity established pursuant to the
Joint Exercise of Powers Act pursuant to a Joint Exercise of Powers Agreement by and
between the City and Port District as its sole members; and
E. WHEREAS, the City, Port District and Authority (collectively, the
“Receiving Parties”) have undertaken certain common efforts to create a master plan
(“CVBMP”) and promote development of the approximately 535-acre Chula Vista
Bayfront (“Chula Vista Bayfront Project”); and
F. WHEREAS, the Port District and the City are parties to that certain
Amended and Restated Chula Vista Bayfront Master Plan Financing Agreement dated
June 20, 2017; and
G. WHEREAS, on September 9, 2019, the Receiving Parties sent a formal
request to the County requesting a $25 million dollar contribution toward the Chula Vista
Bayfront Project; and
Funding Agreement, Page 2 of 18 October 2019
H. WHEREAS, the County desires to assist the Receiving Parties in financing
the Chula Vista Bayfront Project.
NOW, THEREFORE, the County, City, Port District and Authority agree to this
Funding Agreement as follows:
I. PURPOSE AND INTENT
This Funding Agreement is entered into by the Parties whereby the County will
contribute up to $25,000,000 towards the construction of the Chula Vista Bayfront
Project.
II. DEFINITIONS
The terms defined in this Section shall for all purposes of this Agreement have the
meanings specified below.
“Annual Inflationary Adjustment” shall mean the adjustment stated in Revenue and
Taxation Code Section 51 which provides that base year values determined under
Revenue and Taxation Code Section 110.1 shall be compounded annually against the
Base Year by an inflation factor, not to exceed 2 percent of the prior year’s value.
Section 51(a)(1)(C) states the inflation factor shall be the percentage change, rounded to
the nearest one-thousandth of 1 percent, from October of the prior fiscal year to October
of the current fiscal year in the California Consumer Price Index, as determined by the
California Department of Industrial Relations.
“Audited Year” shall mean July 1 to June 30 of any year which includes the January 2
and June 1 distributions from the RPTTF.
“Auditor and Controller” shall mean the County of San Diego Auditor and Controller.
“Current Year Assessed Value” shall mean the value of the properties in the Project Area
on the equalized roll on August 20 of that year.
“Base Year” shall mean Fiscal Year 2019-20 and be the basis of the assessed value of
properties in the Project Area representing the equalized roll as of August 20, 2019.
“Base Year Assessed Value” shall be the assessed value of the properties within the
Project Area as of the equalized roll on August 20, 2019 (See Revenue and Taxation
Code Section 2052). The Base Year Assessed Value is a combined $78,213,714 of which
$52,946,745 is from the secured parcels and $25,266,969 is from unsecured accounts.
“City Credit” shall mean any credit given pursuant to Section VI.D. of this Agreement.
Funding Agreement, Page 3 of 18 October 2019
“County Contribution” shall mean any amount the County distributes pursuant to this
Agreement, plus applicable interest as provided in Section III.
“Deemed Satisfied” shall mean that portion of the County Contribution, plus interest (if
applicable), that is recouped by either the County’s receipt of Total Tax Increment, City
Credit or a Port Payment.
“Disputed Funds” shall mean the County’s portion of any amount attributable to past
distributions that are ordered by a court to be repaid or reallocated to the City in the
Residual Methodology Case. Disputed Funds shall not include any amounts required to
be paid to the City attributable to property tax revenues generated after the date of the
Final Decision in the Residual Methodology Case. The Disputed Funds are estimated to
be approximately $1.4 million as of the date of this Agreement and are estimated to
increase on an annual basis until a Final Decision is issued in the Residual Methodology
Case.
“Final Decision” shall mean that an order or judgment directing payment or reallocation
of residual funds has been entered, and (i) if there is an appeal of the applicable order or
judgment, there has been a final affirmance on appeal or dismissal of such appeal; or (ii)
if no appeal is filed, the time for filing or noticing any appeal of the order or judgment
has expired.
“Gaylord Hotel” shall mean the resort hotel and convention center to be constructed on a
portion of the Project Area commonly known as Parcel H-3 by RIDA Chula Vista, LLC
(“RIDA”).
“Port Payment” shall mean, any payment paid to the County by the Port District pursuant
to this Agreement.
“Project Area” shall mean the area identified in the legal description, list of CVBMP
parcels and parcel map shown in Exhibit C.
“Projected Tax Increment” shall mean the Projected Tax Increment set forth in Exhibit A.
“Property Tax Increment” for the Property Tax Increment computation shall mean an
amount equal to that portion of the property tax revenue generated from the Project Area
taking the difference between the Current Year Assessed Value and the Base Year
Assessed Value with an Annual Inflationary Adjustment. This difference is also known
as Property Tax Incremental Assessed Value. The Property Tax Incremental Assessed
Value is multiplied by the one percent tax rate and multiplied by the County’s share of
the one percent tax rate, which is 15.88, for the applicable Audited Year.
Funding Agreement, Page 4 of 18 October 2019
“Property Tax Incremental Assessed Value” shall mean the Current Year Assessed Value
less Base Year Assessed Value with an Annual Inflationary Adjustment.
“RPTTF” shall mean the Redevelopment Property Tax Trust Fund established by the
Auditor and Controller for the Successor Agency to the Redevelopment Agency of the
City of Chula Vista pursuant to Health and Safety Code Section 34170.5(b).
“Residual Methodology Case” shall mean City of Chula Vista et al., v. Sandoval,
Sacramento Superior Court Case No. 34-2014-80001723-CU-WM-GDS and Third
District Court of Appeal No. C080711.
“Total Tax Increment” shall mean the combined Property Tax Increment and VLF
Increment calculated by the Auditor and Controller in each Audited Year.
“VLF Adjustment Amount” and “VLFAA,” also defined as property tax in lieu of
Vehicle License Fees (VLF), means the County’s share of prior year VLFAA plus growth
as calculated per Revenue and Taxation Code Section 97.70 (C).
“VLF Increment” also described as property tax in lieu of VLF shall mean the County’s
share of the VLF Adjustment Amount attributed specifically to the VLF Incremental
Assessed Value for the Project Area using the County’s factor of .000793002.
“VLF Incremental Assessed Value” for the VLF Increment computation shall mean
Current Year Assessed Value less Base Year Assessed Value without an Annual
Inflationary Adjustment.
III. COUNTY CONTRIBUTION
A. Disbursements to be provided by the County to the Authority:
1. The County shall pay the Authority three equal distributions of
$8,333,333.00 to be used towards the payment of costs as specified
in Section IV.
2. Upon receiving notice from the Authority on or before April 1,
2020, the County shall make the first of the three distributions upon
the latter of: (a) within 30 days after being notified by the Port
District of the commencement of construction of the Gaylord Hotel
(currently anticipated for summer of 2020); or July 1, 2020 (the
“First Distribution”).
Funding Agreement, Page 5 of 18 October 2019
3. Upon receiving notice from the Authority on or before April 1,
2021, the second distribution shall be paid July 1, 2021 (the “Second
Distribution”).
4. Upon receiving notice from the Authority on or before April 1,
2022, the third distribution shall be paid July 1, 2022 (the “Third
Distribution”).
5. Once the County Contribution, or any portion thereof, is distributed,
the balance of any County Contribution not recaptured by either
receipt of Total Tax Increment, a City Credit, or a Port Payment
each Audited Year shall accrue interest at the annual rate of 3%
which is calculated annually on any outstanding balance, including
interest.
6. With regard to the First Distribution, the Receiving Parties may, by
written notice at least 30 days prior to April 1, 2020 inform the
County that it does not want the County to make the upcoming First
Distribution
7. Notwithstanding anything to the contrary in this Article III, if the
County does not receive written notice from the Authority on or
before April 1, 2021, in the case of the Second Distribution, and on
or before April 1, 2022, in the case of the Third Distribution, as the
case may be, the County shall provide written notice to the City
Manager of the City and the Executive Director of the Port District
that no written request has been received and the Authority shall still
have the right to such distribution(s) if within ten (10) business days
of receipt of the County’s notice, the Authority delivers written
notice to the County requesting the applicable distribution.
8. The County shall determine, in its sole discretion, the source of any
distribution to make the County Contribution. The County
represents and warrants that the County shall take all lawful actions
required to make the County Contribution and that the County will
have the full right and authority to deliver the County Contribution
to the Receiving Parties prior to making any portion of the County
Contribution.
B. Conditions Precedent to Transfer of any Funds
Funding Agreement, Page 6 of 18 October 2019
1. The County shall not be obligated to make the County Contribution,
or any portion thereof, if the Gaylord Hotel does not commence
construction.
2. The Port District shall prepare the legal description and submit it to
the Auditor and Controller within 90 days of the effective date of the
Agreement.
C. Auditor and Controller Annual Calculation
1. Commencing with the date of the Second Distribution and on the
anniversary of that date each July 1 thereafter, the Auditor and Controller
shall calculate the Total Tax Increment as detailed in Exhibit B for each
Audited Year during the term of this Agreement. The Auditor and
Controller agrees to provide any reasonable information the Receiving
Parties may request in writing to support the Auditor and Controller’s
calculation.
i. No later than July 30, 2021 and each year thereafter during the term
of this Agreement, the Auditor and Controller shall notify the
Receiving Parties of the Total Tax Increment to be credited towards
the loan repayment for the preceding Audited Year.
ii. If the Total Tax Increment is equal to the Projected Tax Increment
during an Audited Year, the Auditor and Controller shall Deem
Satisfied the corresponding outstanding obligation for such Audited
Year.
iii. If the Total Tax Increment is greater than the Projected Tax
Increment during an Audited Year, the Auditor and Controller shall
Deem Satisfied the corresponding outstanding obligation for such
Audited Year and carry forward any amount in excess of the
Projected Tax Increment to the next Audited Year’s obligation, and
each Audited Year thereafter until the excess amounts are applied
toward the Projected Tax Increment for future years such that an
excess no longer exists.
iv. If the Total Tax Increment is less than the amount of Projected Tax
Increment, and there are no excess amounts of Total Tax Increment
to be applied toward the obligation from prior Audited Years, the
Port District agrees to pay to the County a Port Payment in the
amount equal to the difference between the Total Tax Increment and
Funding Agreement, Page 7 of 18 October 2019
the Projected Tax Increment for such year within 90 days of receipt
of notice of the shortfall from the County.
v. Notwithstanding anything in this Agreement, in the event the Total
Tax Increment is more than the amount the County actually receives
in the RPTTF residual distribution and VLF Increment during an
Audited Year, then the amount Deemed Satisfied shall only be for
that amount actually received by the County during the Audited
Year. If this event occurs, the Auditor and Controller shall inform
the Receiving Parties on or before July 30 of the amount of RPTTF
residual distribution and VLF Increment actually received by the
County for the applicable Audited Year.
2. The Receiving Parties may pay, in whole or in part, the outstanding balance
of the County Contribution without accruing additional interest on such
prepaid amounts under the following circumstances:
i. Pay in whole any outstanding amount; and
ii. If the excess of Total Tax Increment over Projected Tax Increment
for any year is greater than the outstanding balance of the County
Contribution, pay the outstanding balance with excess Total Tax
Increment; and
iii. Any City Credit from Disputed Funds.
IV. USE OF COUNTY CONTRIBUTION
A. Phase 1A Improvements.
The Receiving Parties agree the County Contribution shall be used solely for the
construction of the public improvements set forth on Schedule 1 attached hereto (“Phase
1A”).
B. Request for Information
The Receiving Parties agree to provide any reasonable information the
County may request in writing to verify the Authority’s expenditure of the County
Contribution.
Funding Agreement, Page 8 of 18 October 2019
V. AUTHORITY ANNUAL REPORTS
Commencing on the date of the Second Distribution and on the anniversary of that date
each year thereafter until the year following the Authority’s last expenditure of the
County’s Contribution, the Authority shall supply to the County an accounting of
expenditure of the County’s Contribution. The Authority shall also provide any
reasonable information requested by the County.
VI. THE CITY
A. In exchange for the County Contribution actually made towards the Chula
Vista Bayfront Project, the City agrees to contribute to the County Disputed Funds, if
any, obtained from the Residual Methodology Case to reimburse the County for the
above referenced County Contribution.
B. In the event there is an order of judgment directing payment or reallocation
of residual funds stemming from the Residual Methodology Case, and such order or
judgment has become the Final Decision, the Auditor and Controller will distribute
Disputed Funds consistent with the Final Decision in the Residual Methodology Case.
The Auditor and Controller will simultaneously calculate the Disputed Funds and notify
the City, in writing, of the amount of Disputed Funds. The Auditor and Controller agrees
to provide any reasonable information the City may request in writing to support the
Auditor and Controller’s calculation.
C. By this Funding Agreement, the City agrees and authorizes the Auditor and
Controller to transfer the Disputed Funds directly to the County.
D. Disputed Funds received or retained by the County pursuant to this Section
shall be applied to the principal amount of the County Contribution in the year the
Disputed Funds are actually received or retained by the County.
E. In the event the amount of Disputed Funds is modified because of further
litigation in the Residual Methodology Case (including the filing of a separate case to
challenge the amount of Disputed Funds by plaintiffs in the Residual Methodology case)
the distributions and credits pursuant to this Section shall be adjusted in accordance with
the Final Decision in said litigation.
VII. DEFAULT; REMEDIES
If any Party under this Agreement shall fail to perform or fulfill any obligation required
of it under this Agreement and shall not have cured or commenced to cure such failure
within thirty (30) days following written notice thereof from one or more of the non-
Funding Agreement, Page 9 of 18 October 2019
defaulting parties (or has commenced to cure such failure, but is not diligently proceeding
to cure such failure), then the Party shall be in default under this Agreement (each such
event or occurrence, a “Event of Default”).
In the event of an Event of Default, the non-defaulting parties may, each in its sole
discretion, collectively agree to: (a) extend the time for the defaulting party to perform
the applicable obligation(s) hereunder for a period of time acceptable to the non-
defaulting parties beyond the cure period set forth in this Section VII, or (b) terminate
this Agreement by giving written notice of such termination to the other parties.
Because of the nature of this Agreement, the Parties agree that remedies expressly set
forth in this Agreement are the only remedies available to the Parties. Neither the County
nor the Receiving Parties shall have any remedy for money damages against the other
parties to this Agreement. Prior to electing to terminate the Agreement, the County or
Receiving Parties, as applicable, may elect to compel specific performance of the other
parties’ obligations under this Agreement.
The Parties shall, before the commencement of any lawsuit or court action against any
other Party relating to this Agreement, attempt in good faith to settle their dispute by
third-party non-binding mediation.
VIII. CITY/PORT DISTRICT REVENUE SHARING.
Subject to further negotiations between the City and the Port District, the City and the
Port District shall amend that certain Revenue Sharing Agreement dated April 24, 2018
by and between the City and the Port District, to provide for priority reimbursement to
the City and the Port District for any payment or contribution made by either party to the
County under this Funding Agreement.
IX. GENERAL TERMS AND CONDITIONS
A. INDEMNIFICATION
The City, Port District and Authority hereby collectively agree to defend and
indemnify the County, its officers, directors, employees and agents (“Indemnified
Parties”) for, and hold them harmless against any loss, cost, claim, liability or expense
(including reasonable attorneys’ fees) directly arising out of the County’s funding of the
Chula Vista Bayfront Project pursuant to the Funding Agreement (“Indemnified Claims”)
(except any loss, cost, claim, liability or expense (including attorneys’ fees) as may be
adjudged by a court of competent jurisdiction to be attributable to the negligence or
willful misconduct of one or more of the Indemnified Parties). At its sole discretion, the
County may participate at its own expense in the defense of any claim, action or
proceeding, but such participation shall not relieve Receiving Parties of any obligation
Funding Agreement, Page 10 of 18 October 2019
imposed by this Funding Agreement. The County shall notify the Receiving Parties
promptly of any claim, action or proceeding and cooperate fully in the defense.
B. TERM
This Funding Agreement shall be effective on the date on which the last of the
Parties sign it, and shall terminate 30 days after the later to occur of (i) the date the
County Contribution has been Deemed Satisfied in its entirety (inclu ding applicable
interest); (ii) the Residual Methodology Case is subject to a Final Decision; and (iii)
Disputed Funds are actually received or retained, if applicable.
C. AMENDMENTS
Amendments to the Funding Agreement may be made at any time only upon
written approval of all of the Parties.
D. NOTICES
Any notices required or permitted hereunder shall be in writing and may be
personally delivered; or by mail by depositing such notice in the United States mail, first-
class postage prepaid, return receipt requested; or by reputable overnight delivery service
(such as Federal Express, UPS or DHL); addressed as follows or to such other place as
each party may designate by subsequent written notice to each other.
To the COUNTY: Chief Administrative Officer
1600 Pacific Highway, Room 201
San Diego, California 92101
To the City: City Manager
276 Fourth Avenue
Chula Vista, California 91910
To the Port: President/CEO
3165 Pacific Highway
San Diego, California 92101
With copy to: General Counsel
3165 Pacific Highway
San Diego, California 92101
To the Authority: Executive Director
3165 Pacific Highway
San Diego, California 92101
Funding Agreement, Page 11 of 18 October 2019
A notice shall be effective on the date of personal delivery, if personally delivered before
5:00 p.m. on a business day, or otherwise on the business day following personal
delivery; or two (2) business days following the date the notice is postmarked, if mailed;
or on the day following delivery to the applicable overnight courier, if sent by overnight
courier for next business day delivery; and otherwise when received. The term “business
day” shall mean a date on which the Port District is open for business.
E. Partial Invalidity
If any term, provision or condition contained in this Agreement shall, to any
extent, be invalid or unenforceable, the remainder of this Agreement, or the application of
such term, provision or condition to persons or circumstances other than those with
respect to which it is invalid or unenforceable, shall not be affected thereby, and each and
every other term, provision and condition of this Agreement shall be valid and
enforceable to the fullest extent possible permitted by law.
F. Attorneys’ Fees
Should any suit or action be commenced to enforce, protect, or establish any right
or remedy of any of the terms and conditions hereof, the prevailing party shall be entitled
to have and recover from the losing party reasonable attorneys’ fees and costs of suit,
including, without limitation, any and all costs incurred in enforcing, perfecting and
executing such judgment.
G. Governing Law
Venue for any legal proceeding shall be in San Diego County, California. This
Agreement shall be construed and enforced in accordance with the laws of the State of
California.
H. Drafting Presumption.
The Parties acknowledge that this Agreement has been agreed to by the Parties
and that each of the Parties has consulted with attorneys with respect to the terms of this
Agreement and that no presumption shall be created against the drafting party. Any
deletion of language from this Agreement prior to its execution by the Parties shall not be
construed to raise any presumption, canon of construction or implication, including,
without limitation, any implication that the Parties intended thereby to state the converse
of the deleted language.
I. Section Headings
Funding Agreement, Page 12 of 18 October 2019
The captions of articles and sections are for convenience only and shall not be
deemed to limit, construe, affect, or alter the meaning of such articles and sections.
IN WITNESS THEREOF, the authorized representatives of each of the Parties
hereto have executed this Funding Agreement as of the last date and year set forth below.
COUNTY OF SAN DIEGO
By __________________________________ Date:__________________
HELEN ROBBINS-MEYER
Chief Administrative Officer
Approved as to form and legality:
Thomas E. Montgomery, County Counsel
By: _______________________
Rachel H. Witt
Chief Deputy
CITY OF CHULA VISTA
By: __________________________________ Date:__________________
MARY CASILLAS SALAS
Mayor
Attest: Approved as to form and legality:
City Attorney
By: _______________________ By: _______________________
Kerry Bigelow, MMC Glen R. Googins
City Clerk City Attorney
Funding Agreement, Page 13 of 18 October 2019
SAN DIEGO UNIFIED PORT DISTRICT
By: __________________________________ Date:__________________
RANDA J. CONIGLIO
President/CEO
Approved as to form and legality:
General Counsel
By: _______________________
Assistant/Deputy
CHULA VISTA BAYFRONT FACILITIES FINANCING AUTHORITY
By: __________________________________ Date:__________________
RANDA J. CONIGLIO
Executive Director
Approved as to form and legality:
Co-General Counsel
By: _______________________
Assistant/Deputy
Approved as to form and legality:
Co-General Counsel
By: _______________________
Assistant/Deputy
Funding Agreement, Page 14 of 18 October 2019
Schedule 1
List of Phase 1A Improvements
• Harbor Park
• S-2 Sweetwater Signature Park
• SP-1 Sweetwater Buffer (for S-1)
• SP-1 Sweetwater Buffer (for S-2)
• SP-2 Seasonal Wetlands
• E Street (G Street to H Street)
• G Street Connection
• H Street (Bay Boulevard to Street A)
• H Street (Marina Pkwy to E Street)
• H-3 Site Preparation
• H-3 Utility Corridor
• E Street (Bay Boulevard to F Street)
• E Street (Lagoon Drive to G Street)
• F Street (Bay Boulevard to E Street)
• F Street (E Street to Gunpowder Point Drive)
• G Street Sewer Pump Station
• Gunpowder Point Drive Relocation
• SP-4 SDG&E
Funding Agreement, Page 15 of 18 [October 2019]
Exhibit A
Projected Tax Increment - Schedule
Year Fiscal Year
Projected Total
Tax Increment Date Calculated
0 FY2019-2020
1 FY2020-2021 -$
2 FY2021-2022 -$
3 FY2022-2023 -$
4 FY2023-2024 -$
5 FY2024-2025 1,524,000$ July 1, 2025
6 FY2025-2026 1,554,000$ July 1, 2026
7 FY2026-2027 1,586,000$ July 1, 2027
8 FY2027-2028 1,617,000$ July 1, 2028
9 FY2028-2029 2,591,000$ July 1, 2029
10 FY2029-2030 3,066,577$ July 1, 2030
11 FY2030-2031 3,912,000$ July 1, 2031
12 FY2031-2032 3,992,000$ July 1, 2032
13 FY2032-2033 4,136,000$ July 1, 2033
14 FY2033-2034 4,695,000$ July 1, 2034
15 FY2034-2035 5,114,524$ July 1, 2035
Funding Agreement, Page 16 of 18 [October 2019]
Exhibit B
Sample Total Tax Increment Calculation
Property Tax Increment:
Current Year Assessed Value 100,000,000
Less: Base Year Assessed Value 20,000,000
Less: Annual Inflationary Adjustment 1,000,000
Equals: Property Tax Incremental Assessed Value 79,000,000
Tax Increment from 1% Property Tax $790,000
County Share of Property Tax Increment Revenue (15.88%) $125,452
VLF Increment:
Current Year Assessed Value 100,000,000
Less: Base Year Assessed Value 20,000,000
Equals: VLF Incremental Assessed Value 80,000,000
County Share of VLF Increment Revenue (.000793002) $63,440
Total Tax Increment to be credited for the Repayment Amount:
Property Tax Increment $125,452
VLF Increment $63,440
Total Tax Increment $188,892
Funding Agreement, Page 17 of 18 October 2019
Exhibit C
Project Area Legal Description, List of Project Area Parcels and Parcel Map
List of Secured Parcels
Number APN Total AV Less AOE
1 5650103000 -
2 5670101800 -
3 5670101900 -
4 5670102800 3,422,109
5 5670110400 -
6 5670110500 -
7 5711600600 -
8 5711600700 -
9 5711600800 -
10 5712400100 -
11 5713301200 -
12 5713301500 -
13 5713302100 -
14 5713302300 -
15 5713302800 -
16 5713303100 -
17 5713303200 3,555,046
18 5713303300 20,109,891
19 6170110100 -
20 6170110800 -
21 6170111000 -
22 7600480001 -
23 7600480002 -
24 7600480003 -
25 7600480004 -
26 7600480101 9,783,650
27 7600480102 895,658
28 7600480300 -
29 7600481000 -
30 7600481700 7,579,352
31 7600481900 7,578,039
32 7600482400 -
33 7600482500 -
34 7600482600 -
35 7600482700 12,000
36 7600482800 5,000
37 7600482900 6,000
38 7602355500 -
Funding Agreement, Page 18 of 18 October 2019
39 7602356700 -
Total AV 52,946,745
Unsecured Accounts Associated to Secured Parcels
Total unsecured accounts: 1,240
Total unsecured AV Net AOE: 25,266,969
In addition to the parcels identified above, the Auditor and Controller will include any
new parcels which may be created from the parcels identified above.
571160 07
57133033
76023535
76004817
76004825
56701105
7600482076004826
57116008
57133032
57133015
57133023
76004828
61701101
76004819
57133031 76023567
61701110
57116006
76023555
57133028
57133021
76004801
57133012
7600482976004803
76004810
56501030
61701108
57124001
76004827
76004824
56701019
56701028
56701104 56701018
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