Loading...
HomeMy WebLinkAbout1986-05-06; City Council; 8610; Bank of America Rehabilitation Loan Programr ..- I CI~OF CARLSBAD - AGENOIJBILL Ig @ @ AB# % 10 DEPT. HE TITLE: AGREEMENT WITH BANK OF AMERICA MTG. 5/6/86 CITY All REHABILITATION LOAN PROGRAM I DEPT. RED I IClTY MGI I I I RECOMMENDED ACTION: City Council authorize the Mayor to execute the agreement with Bank of America to continue servicing the Residential/Commercial Rehabilitation Loan Program-through December 1987. ITEM EXPLANATION The City has had agreements with Bank of America since 1982 to service Residential and Commercial Rehabilitation Loan Progr; Maximum term for an agreement can be two years per HUD guidelint At the expiration of each agreement, with the direction of the City's Loan Committee, staff solicits proposals from local banks in order to obtain the best terms. The Loan Committee has reviewed proposals and again selected Bank of America to continue servicing the Loan Program. Council needs to authorize the Mayor to execute the agreement with Bank of America which will continue through December 1987. FISCAL IMPACT There is no fiscal impact to the City as all monies utilized in the Loan Program are Federal Community Development Block Grant funds. B 7 0 cc e e 4 .. z 0 g z a z 3 0 0 EXHIBITS 1 - Resolution NO. S537 2 - Loan status dated March 31, 1986 ~ r *:. // r *:. // 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 ~ 20 21 22 23 24 25 26 27 28 a 0 RESOLUTION NO. 8539 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA APPROVING AN AGREEMENT AMERICA FOR SERVICING THE CITY'S LOAN PROGRAM BETWEEN' THE CITY OF CARLSBAD AND THE BANK OF WHEREAS, the City Council of the City of Carlsbad, California does hereby resolve as follows: (1) That an agreement between the City of Carlsbad and Bank of America for servicing the City's Loan Program, a cop of which is attached hereto as Exhibit A and made a par hereof, is hereby approved. (2) That the Mayor of the City of Carlsbad is hereby author to execute said agreement on behalf of the City of Carl PASSED APPROVED AND ADOPTED at a regular meeting of the City .Council of'the City of Carlsbad, California, held on the day of May, 1986, by the following vote, to wit: AYES: Council Members Casler, Lewis, Kulchin, Chick and Pettine NOES: None ABSENT : None ABSTAIN : None Lddf J@i.+&& ATTEST : ASLER, Mayor 1 ALETHA L. RAUTENKRANZ, City C#rk (SEAL) //// //// //// //// II .. .. a COMMERCIAL AND RESIDENTIAL PROPERTY RtHABILmON LOAN AGREEMENT COMPRL~IY~ I-ORM 1980 I-urn ING - THIS AGREEMENT is made by the CITY OF CARLSBAD, a municipal corporation in the State of California (herein called "Authority"), and BANK OF AKERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, a national banking association (herein call ed "Bank"). RECITALS A. Authority has authorized a Housing Preservation Program a's part of an adopted Cmunity Development Block Grant Program (as may be amended and modified from time to time) hereinafter collectively called "Program". B. As part of Authority's implementation of Program, ,Authority has requested Bank to make below-market interest rate property rehabilitation loans ("Loans" or "Program Loans") to certain owners of residential real property within Authority and approved by Authority as recipients of Loans ("Appl icants"). The purpose of the Loans would be the rehabil itatfon of said real property in accordance with Program. In addition, Authority has requested a choice of several types of Loans to Applicants. C. To support these objectives.; and based on an fnitfal deposit of Cmunity Development Block Grant funds, Bank is willing to provfde Authortty and Applicants with Colt ateral ired Loans (Part Three), Deferred Payment !-oans (Part Four), and other services at rates and terms not available to the I' general public or to Authority independent of this Agreement. -. . -1 - .. * " " ' '~-'--*-r-- --~-~-~~~.~~CUII.~...TILX.-rcy..;C "-.. ~ s"y. -~h.- - "3""- .. a 0 I. D. The terms and conditions of this agreement are subject to the provisions governing 1 ump-sum drawdowns for property rehavilitation of the HCD regulations on Comnunity Development Block Grants contained ;in Title 25, Administrative Code ;Section 7124, and/or Section 570.513 of the HUD regulations on Cmunity Development Block Grants, 24 CFR Part 570. NOW, THEREFORE, for and in consideration of the foregoing and the mutual agreements made herein, and for other good and valuable consideration, Authority and Bank agree as fo11 ows: , PART ONE DEPOSIT OF COMMUNITY DEVELOPMENT ~~ ~ ~~~~ ~ BLOCK GRANT FUNDS 1. Authority shall deposit up to $300,000 of Comunity Development B1 ock Grant rehabil itation funds available to Authority under the Housing and Comunity Development Acts of 1974 and 1977, as amended, as part of this Agreement. 2. Authority's deposits of Cmuni ty Development Block Grant funds may be made in any of the following forms: (a) A deposit to the Warehouse kcount, the funds in which are unallocated to .Loans. (b) A deposit to Collateralfzed Loan Account(s) which are nonlnterest-bearing savings accounts which subsidize Loans and are pledged as Loan collateral, with the exception of collateral ired account for 12% comnercial loans hi ch accrue at 5.25%. -1' . -2- .- 0. .. Q 0 (c) The purchase from Bank of time certificate(s1 of deposit from which all proceeds are allocated to future Program Loans. Bank will pay, at Authority's election, the highest interest rate permitted by law on all accounts described above. If legal interest rate limitations are removed, Bank will pay its highest rate offered to the pub1 ic. 3. Authority re1 i nqui shes the use of and control over accounts described in paragraph 21 b 1. These accounts will be used only for the Loan purposes described in this Agreement. 4. Authority retains full accessibility to all deposits which are unallocated to existing Program Loans. 5. Authority agrees all interest earnings will be paid to the Warehouse Account and will be used in accordance with Community Development Block Grant regul.ations contained in 24 CFR 570.513(c). PART THO APPLICATION PROCEDURES 6. At the request of Authority, Bank, through its Carlsbad-El Camino Real Branch, shall consider making loans to qualified Applicants directed to Bank by Authority. Bank shall notify the respective Applicantfs) in writing of any such request it receives from Authority. The notification shall contain the following statement: "The City of Carlsbad has requested the Carlsbad-El Camino Real Branch of Bank of Pmerica National Trust and Savings . 'Association, 2550 E1"Carnino Real, Carlsbad, California 92008, to consider making a speci fic extension of credit to you." A qualified Applicant shall be fdentified by Authority or its agents, using Authority's established standards, which must consider, without 1 imi tat1 on: " - -3- ' -. llbll ., 0 e .. (a) Applicant is "the owner of record" o.f the property subject to rehabil i tation. (bj Authority has verifiable income(s) which can be used to repay the proposed Loan.. (c) Authority has determined that the proposed Loan, given Program options available, will best serve the rehabilitation needs of Applicant and the Program objectives. (d) In addition, each Cmercial Improvement Rehabil itation Loan .Applicant, if a lessee, has a lease which, with options, extends at least six (6) months beyond the maturity of the proposed Loan. 7. Authority shall furnish 9 Bank, with respect to each 1 oan application: (a) an introductory letter stating that Authority desires Bank to consider making a Loan to Applicant; (b) a breakdown of the costs involved in the rehabilitation work to be performed on Applicant's real property; . , (c) a description of the work; (d) an estimate of the value of the real property offered as security for the Loan; (e) a copy of any contractor bid accepted by Applicant; and (f) a statement including the name of the contractor who will perform the rehabilitation work, and u statement that Authority has satisfied itself with respect to the competence and re1 iabil i ty of the particular contractor; and (g) for each Comnercial Improvement Rehabilitation Loan, Bank shall reqube from Applicant: (1 ) 2-year business income statements supported by IRS __ i income tax filings; -e I-. .- e 0 .. (2) a copy of the existing lease, if Applicant is a property tenant; (3) Appl icant's personal financial statement; (4) A policy of Creditor Life Insurance, in a form acceptable to Bank. The policy remains outstanding, in an amount at least equal to the amount outstanding under the Loan to Applicant, with Bank named. as beneficiary. Upon Authority's request, said insurance shall be prepaid from Loan proceeds and said amount added to the principal amount of the Loan. At Bank's request, each 'Apppl icant shall also be required to maintain a standard policy of hazard insurance covering the real property upon which the rehabilitation work is to be performed in effect while any part of the Loan remains outstanding, with Bank named as beneficiary. In the case of defaul ted Loans, Authority agrees to guarantee unpaid premiums in accordance with the provisions of paragraph 15 bel ow. (h) Release of information form. 8. Bank shall perform its customary credit evaluation with respect to the App? icant, render its judgment with respect to the creditworthiness of the Applicant, and recommend appropriate Loan terms. 9. Upon compl etlon of its credit evaluation, Bank shall furnfsh to Authority a recommendation to proceed with the Loan or not, including: (a) a recommendation as to use of either a Collateral ized, or ~ Deferred Payment Loan, or some combination thereof; and (b) an indication which of the following Loans (for which Bank assumes part ot the credit risk, as indicated parenthetically below) Bank is will ing to make to Appl icant: ." . -5- .- .. 0 e _. (1 ) for residential property improvement Loans: (i) 3.00% Collateralized Loan (0% credit risk); (ii) 6.25% Collateralized Loan (30% credit risk); (iii) 8.50% Collateralized Loan (50% credit risk); (iiii) 10.75% Collateralized Loan (70% credit risk). (2) for commercial property improvement Loans; (i) 6.00% Collateralized Loan (0% credit risk); (ii) 10.00% Collateralized Loan (60% credit risk). 10. After having determined the exact nature and scope of the rehabil itation work to be performed on Appl icant 's real property, Authority may request Bank to grant Applicant a Loan, which either must be from among those designated by Bank pursuant to paragraph 9(b) above or must be a .Loan pursuant to paragraph 11 (a) (100% collateral ized) or paragraph 19 (Deferred Payment Loan). PART THREE COLLAWLOANS 11. Each Collateral ized Loan shall be supported by a noninterest-bearing deposit made by Authority to a Collateralized Loan Account, an account which shall at all times be, at least equal to: (a) 100% of unpaid principal for each 3.00% residential or 6.00% comnercial Loan for which Bank has not designated the Applicant (pursuant to paragraph 9(b) ) as a party 'to whom Bank is will ing to make a (partially) Coli ateral f zed Loan; .- (bj 70% of unpaid principal for each residential 6.25% Loan; (c) 50% of unpaid principal for each residential 8.50% Loan; (d) 30% of unpaid principal for each residential 10.75% Loan; (e) 40% of unpaid principal for each comnercial 10.00% Loan; plus, in each case, 100% of accrued unpaid interest. Authority hereby assigns the Collateral ked Loan Account to secure the Collateral ized Loans. " . - 6- ._ " -""""*" "". I. 0 e .. 12. (a) Unless Authority requests one note only, each Collateralized Loan shall be evidenced by two notes, effective in succession, as provided herein. (b) The note first effective shall be a short-term commercial note, the term of which shall coincide approximately with the rehabilitation period (a1 though a17' references herein to the short-term commercial note are singular, a Loan could include more than one short-term commercial note). The term of any one short-term commercial note may not exceed ninety (90) days, a1 though the note may be extended, renewed, or refinanced. The Loan proceeds thereof shall be disbursed by Bank in a number of draws, each to follow completion of an applicable state of construction, as certified to Bank by Authority. Interest shall accrue only on the disbursed portion of the Loan. - (c) Promptly after Bank's disbursement of the final draw under the short-term comnercial note, that note shall be refinanced by an installment note, as provided for at subparagraph (dl below or, a1 ternatively, as provided in Part Four (Deferred Payment Loans). At the time the short-term commercial note is refinanced by the installment note, Applicant may either pay Bank the accrued- interest on the short-term comercial note or may have it added to the principal of the installment note. (d) The tern of the installment note shall be determined by Bank for the Loan tn question but: (i ) may not exceed fifteen (15) years for residential ; .. . (i i ) may not exceed ten (10) years for commercial ., . rehabilitation. . The installment note shall be amortized in equal monthly installments over its term. Interest will be calculated on a simple interest basis for each installment note. -7- 9- . . . .. u ., 0 0 .. , 13. Uith respect to Collateral {zed Loans: (a) On both the short-term comercial note and the installmnt note, interest and other finance charges shall be such as to bear the interest rates described in paragraph 11 , which shall be calculated on a simple interest basis. (b) The loan shall be documented using Bank's standard fo'rms. (c) Both the short-term commerci a1 note and the installment note shall, at Bank's or Authority's option, be secured by a deed of trust covering the real property that is subject of the rehabil i tation for which the proceeds of the Loan are to be used. 14. Authority shall make a relevant deposit to the Collateral ized Loan Account in the percentage of Loan amount provided for at paragraph 11, when the commercial note and deed of trust are signed by Applicant and when interest on a short-term comercial note becomes added to the principal of a . subsequent fnstallmnt note. At the end of each calendar month ending 180 days after Authority's first deposit hereunder, Bank shall remit to Authority the amount by which the Coll atereal ized Loan Account exceeds the paragraph 11 'percentages of the unpaid balances of Collateral ized Loans. Funds that 9ank thus remfts to Authority shall be deemed funds that Authority deposited at least 180 days before. . 15. If a Collateralized Loan remains in default for a continuous period of ninety (90) days on account of nonpayment of any sum of money due * .- .-. pursuant to the terms thereof or of any i.nstrum&' or document related -. thereto, Bank may withdraw from the Collateralfted Loan kcount, and pay to . itself, an amount equal to the then outstandf ng prfncipal balance of the Loan mu1 tf pl fed by the same percentage as the percentage of the Loan \amount that was deposited to the Collateralized Loan Account pursuant to paragraph 11 s plus 100% of accrued unpaid interest on the Loan through the 90th day of " . -8- -. 0. . c -i. .- *- 2.L .; '. .. 0 0 *. default. Bank shall have no recourse against Authority or the Collateral ized Loan Account for any amounts in excess of those permitted under this paragraph. During any ninety (90) day default period, Bank shall perform its customary col lectf on procedures with respect to the Loan. 16. After a withdrawal from the Collateralized Loan Account under paragraph 15 above, in the case of a Loan for which the deposit to the Collateralized loan Account under paragraph 11 was 1 ess than 100% of the Loan amount: (a) Bank need not assign the deed of trust to Authority upon completion of the withdrawal but may, for its own account, exercise rfghts under the deed of trust to recover the remafning outstanding unpaid principal of the Loan plus accrued unpaid interest thereon after the 90th day of default. (b) At its election, Bank may assign to Authority such rights as may be necessary for Authority to attempt to recoup any funds withdrawn from ' the Collateral ized Loan Account in connection with any Loan default. Authority agrees to recoup funds, as much as possfble, for the benefit of Bank as well as i tsel f. Funds recov.ered shall be credited as follows: (1 ) to withdrawals from the Collateral ized Loan Account; (2) to the costs of recovery; (3) to Bank's Loan charge-off . (c) If Bank subsequently recovers funds with respect to a defaulted Loan (as, for example, but without 1 imitation, f f a vol untary sa1.e of the property takes place), Bank shall, after deducting the previously unreimbursed percentage of Loan 1 oss to which Bank is entitled, plus Bank's cost of recovery, return and pay over to Authority all amounts in excess thereof. .. -9- -. ""-,- .- 0 e .. 17. After a wi thdrawal from the Col 1 ateral ized Loan Account under paragraph 15 above, in the case of a Loan for which the deposit to the Collateral ized Loan Account under paragraph 11 was 100% of the Loan amount, Bank shall assign the Loan to Authority, the assignment to be accompl ished by: (a) the due endorsement by Bank to Authority of the promissory note evidencing the loan, without recourse or warranty; and (b) the del ivery of the promissory note and the assignment and delivery of the deed of trust. 18. Collateralized Loans, as described in paragraphs 11 through 17, must have an average original Loan amount of $10,000, which provides Authority favorable rates and terms, based on this average loan size. Since operating costs associated with smaller average loan size are significantly greater, Authority's Collateral ized Loans will be analyzed every 780 days from contract approval. If average $10,000 Loan amounts are not maintained, Bank may make adjustments affecting the pricing of future activity as follows: (a) increase borrower interest rates for new Loans; (b) increase coll.atera1 requirements for new Loans; or (c) assess an origination fee for new Loans. These options are negotiated and mutually accepted by Bank and Authority. 19. The Bank's total commitment for loans to be made under this program is 1 imi ted to $526,000. In addition, Bank agrees to make up to $2,000,000 in loans tb qualified businesses using the various Small Business Administratfon programs which relate to, and are supportive of the Authority's goals and objectives in which the 6ank is participating at the time of appl fcation. These include, prharily, the SBA Section 503 program provided by the Local Development Corporation of San Diego County up to any ~~ount Iimftatlons on each transaction; the regular SBA 7 (a) program up to $550,000 per loan and Bank of America's Preferred Lender's Program (PLP) Up to $650,0w -1 0- ... - "~--"---~.c~"-~~~=.."~".~"~<,~~, " .. 0 0 I. per loan or, any combination of these programs which, in the Bank's judgement are appropriate and best suit the requirements of the applicant, the Authority and the Bank. PART FOUR DEFERR- LOANS 20. In the event Authorfty requests Bank to make a Loan, the terms of which are other than as provided in Parts Three and Four above, Bank shall comply with Authority's request. In that case, after Bank has obtained Applicant's note on terms Authority has requested for the loan, Bank shall, promptly after completion of the respective rehabilitation work, assign the Loan to Authority according to the same procedure, and for the same price, as would be appl icable under paragraphs 15 through 17 (Part Three) in the case of the assignment following default of a Collateralized Loan for which the deposit to the Collateral ized Loan Account under paragraph 11 was 100%. Promptly after the assignment Authority shall pay to Bank a fee to cover its internal administrative and out-of-pocket expenses, as specified by Bank, but in no event less than THIRTY-SEVEN AND SO/lOO DOLLARS ($37.50) nor more than ONE HUNDRED DOLLARS ($1 00.00) for each Loan so. made. Such fee shall be at Applicant's sole expense and shall not be recovered from Applicant(s). 21. Prior to the makfng of the first Deferred Payment Loan, Authority shall furnf sh Bank an opinion of its legal counsel : (a) slxting that Authority has establised rates and terms for ... . .. its Deferred Payment Loan Program note; .. (b) designatfng whether.any Deferred Payment Loan fee is a "charge to be financed" or a "prepajd finance charge" under Regulation 2; and (c) that Authority has delfvered this information and note to Bank's Carl sbad-El Camino Real. Branch; .- "X' . .. . ' . -11- .\ 9 4 --.~~,,_-~..I_".~,~~"~I"--- 2 -, ', 9 0 PART FI YE GENERAL PROVISIONS 22. On Authority's request, Bank shall, for its customary fees therefor, accept for collection purposes, pursuant to Bank's then current installment collection procedures, a Program Loan that has been transferred to Authority. 23. On Authority's request, Bank shall, for its customary fee therefor, provide foreclosure services with respect to a defaulted Program Loan that has been transferred to Authority, in which case Bank shall be substituted for Continental Auxiliary Company/Authority as trustee under appl icab'le deed of trust. 24. (a) The term of this Agreement shall mature on December 15, 1987. This Agreement may be terminated or amended by either of the parties hereto at six (6) month intervals from June 15, 1986, provided..written notice of intent is given to the other party at least fifteen (15) days prior to the termi nation date. (b) Any termination of the Agreement shall not affect Program Loans outstanding at the time of termination. (c) At termf nation, Bank shall retain the Collateral ized Loan Account and shall remit monthly to Authorfty the amount by which the Collateral ized Loan Account exceeds the paragraph 11 percentages of the unpaid bal ances of Coll ateral ized Loans. 25. Bank covenants and agrees that nothing fn this Agreement or any agreement made pursuant hereto shall be deemed or construed by Bank to make Authorfty a surety or guarantor of any Loan, and that Bank's rights with respect to a Collateral ized Loan shall be 1 inti ted to those set forth at paragraphs 15 through 1.7 hereof. . -- .- --"-.."-"~ I, 0 e .< 26. Authority and Bank shall comply with all appl icable statutes and regulations, includfng without limitation, where applicable, the Federal Truth in Lending Act and Regulation Z thereto, the Consumer Credit Reporting Act, and the Equal Credit Opportunity Act and Regulation B thereto. 27. Except as specifically required by this Agreement, Authority waives any right it may have to require Bank to: (a) proceed agai.nst any Applicant or other person; (b) proceed against or exhaust any collateral for the relevant Loan; or (c) pursue any other remedy in Bank's power; and waives any defense arising by reason of any disability or other defense of Applicant or any other person, or by reason of the cessation from any cause whatsoever, other than full payment, of the liability of an Applicant or any other person. 28. Sank and Authority acknowledge the "Special Purpose" nature of the Program and Program Loans. To serve this "Special Purpose'', a Loan, shall . be considered in default after ;he date of a transfer of the deed of trust property which, according to the provisions of the note, make the entire princlpal and interest of the note due and payable, regardless of Sank's ability or fnability to enforce those provisions of the note. 29.. Any comnunications between the parties hereto may be given by .. . mailfng the same, postage pregaid, to Bank at its Carlsbad-El Camino Real Branch, 2550 El Camino Real ; Carlsbad; Cal ifornfa 92008, and to Authority at . its City Hal 1 , 1200 Elm Avenue, Carlsbad, California 92008, or to such other addresses as either party may in wrfting hereafter indicate. ." . -1 3- -. ., 0 0 30. This Agreement and any agreement, document, or instrument attached hereto or referred to herein integrate all terms and conditions mentioned herein or incidental hereto, and supersede all oral negotiations and prior writings in respect to the subject matter hereof. In the event of any conflict between the terms, conditions, and provisions of this Agreement and any such agreement, document, or instrument, the terms, conditions, and provisions shall prevail. 31. Authority shall indemnify and hold harmless Bank against all claims and damages, alleged or otherwise, of whatsoever nature arising out of or in any way connected with the acts or missions of any contractor performing rehabilitation work in connection with this Agreement; provided, however, that Authority's obligations under this paragraph shall not extend to negligent or willful acts or omissions by Bank. All contractors shall operate as independent contractqrs and nothing herein is intended to affect such independent contractor status. 32. Bank may, at its option, decl ine to make additional Loans from and after the date when the principal balance of all Loans outstanding has exceeded S IX HUNDRED THOUSAND AND N0/100 DOLLARS ($600,000.00). 33. This Agreement may be executed in as many counterparts as may be deemed convenient, each of which, when executed, shall be deemed an original. 34. The operating aspects of thfs Agreement, including but not 1 Imited to target area boundarfes, may be altered from time to time through a letter of understanding, accepted mutually by Authority's City Manager and .-' . Bank's City Improvement and Restoration (CIR) Department. .- . -1 4- :-. ,, 0 e !. IN WITNESS NHEREOF, this Agreement is executed by Authori acting by and through its pursuant Resolution No. authorizing such execution, and by Bank. Dated this day of , 7986. BANK OF AMERICA NATIONAL TRUST AND SAVINGS A By+, J- L BY c @Z ~ . E. Garner Title Title Assistant Vice President Community Development Dept APPROVEO AS TO FORM: - Attached is a true and correct I., i copy of the original Resolution i. 1 I dlJ yl City Clerk . 0008 * ,. . 1 .. 0 e IN WITNESS WHEREOF, this Agreement is executed by Author* acting by ' and through its City Council pursuant Resolution No. a539 authorizing such execution, and by Bank Dated this /dz?5 day of &'&/ , 1986. / THE CITY OF CARLSBAD, BANK OF AMERICA IONAL TRUST A Municipal Corporation AND SAVING C TION 9 -L%f s/ PA BY MARY H. CPLER Title Mayor Title Assistant Vice President Community Development Dep APPROVED AS TO FORM:- Attached is a true and correct copy of the original Resolution & /Rh tity Clerk 0008 7i h AI N H W H LC x w a .. . 31 5s 22 IJ *I * h fn cr) In * a 4 I4 4 3 e k UcoCnNrn H- LALnmdd z NQONN -2 n nu U w HZ 44 Dm 24 .. . co h am mow Z.+ZU corn comN HQHdIhdIcoUcn naa-~mm~or-a o, *a * no * 0t n H4Hi rn 4ln 2w3-2 a a a ala .- n mmabm H 2- dl2 sg 2% 52 $2 ;I 00 HJ I 4 I UJ I QU I imo Q co 00 QCD NO* Q OQOaOUaONUco N 1-1 -1 m-1 nmn n m N mh bb* m e- * N -Id a NlnN a NNmmUUU *In cococococococo coco \\\\\\I \\ \\\\\\\ \\ NONrn400 id cocnmCD*mo 4CD COOOC0d do L~N-ON~~ \ON NcOcnNd maocvm 0 nnamm I amm-le I brnQbr- #3- &I; rn mmem 03 cocococo \ \\\\ .3 mQdN \ \\\\ 0 NOON u- acome 0 cc0c hpn n z J 0 F4 w 3 2 n x c: G e: 2 3i(i \ NNN0-~0,0~000 &'?I b?b?bT&'? b?w b?b?b? l' j 4-44Z-dz44- WWWWdW?~~Wb?b? d oo"o~o0~~oc p 4-bd di add c 4 b? 4ww&.? -&Y 0e:e:m 0 icde: _. _- - - ci WLkW Ln mwwm ww 4 dcn- m4z m ZIT 4 3 qa s z 3 &I4 0 %Ib 5 mvz ~ 2 %E4 * I h Z 0 I I .. 0 C O C m r 0 I I om 0cn 0- 0 I I Q Ln N h n i m m co m N * n d 3 I I m \o 0 N I 1 ll-a la 00 I I TIN" N CQ Im 0- I2 03 II I1 am m " e- I* I x -% OH T. w d v) CI I 3 4 OOOOInOOOU0N z !h ocOCb0m0omN n nmrrmnnmnnr u CD ocoomodUmUm a m NLncoOi*hd4r-m b D dNdN 0 m dm m fFf d fFf . m 4-comoa b r-Q0N.3 m omam0 4 UJLnQbco 4 d* e- fFf n nnmmn Ln -acnocn b bQOhl.3 cn ammma - cornQb0 r rrmnr d at -Im * - 3Q- .~n nc)i3n QOQ cooco mom aoa mmco fFfw3-e- rmn I1 n * d E42 2% HVZ XSW ow9 %EH Plzm &OW 4ve: v 4- 31 $1; dco t-m <a €e ir: zc hlb 2j SIC: 5I 3 $1 F 9 Y 0 C 0 N n i 0 0 C m c\1 m 0 0 0 co n 4 3 C 0 C in in h Ln n 4 0 C 0 0 n ri in CD N c\I cn r C * 0 n 4 0 a b co N m 0 m U h m U-3. I Ci coco Ud NN m nn e- e3 -4 E m F;r L. w a 4 4 .rl a, P \ m a! M d "I CJ? II 2.. m A W 3 mc 3 .i a] <! CI hS i *ri a F3 51 5 2 E/ - a c ^-i ci il I_ c -2. rm ir: .V .. %"x i, bn 2 (3 a.4 d n-o 5 25- ..2 3s !44 d d uu VWV W... rJ'&** -m rvl -a ... &, A] $ijU *nm% 3 hr: 21 r -0 .d Li r: >2YI YU a.sKl !4izrj sm r.i -, c ~-r 6) z\,n \ -7 ! -4: +i 51 21 '2 I "1.- 3-v,m 3.4 XLI il .?I E 5 *3 5 a L' q c, U2aU~Uw~~~c . " 3 ,u r: 3 0'4 il w3 - 3z a0 i 3'4 LC! Cj.4 x=cds44C4xr' -A i <_i I Zi