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City Council Agenda Packet 10-04-1995 SpecialAGENDA BPZCIAL >lVCffMa • MONTIC$LLO CITY COUNCEL Wednesday, October 4,1885.6 p.m. Mayor: Brad File Council Members: Shirley Anderson, Clint Herbst, Brian Stumpf, Tom Perrault Call to order. Budget workshop. Special Council Agenda - 10/4/96 2. eget warkahan. (R.W.) A- .17F.RF.NCF. NP SACKhRniTN11; At the previous budget workshop, the Council decided to propose a maximum tax levy increase for the 1996 budget at 5.5% over the 1996 amount. This would result in a $166,265 marimum increase to a new total of $2,997,450. Enclosed you will find summary budget worksheets that are very similar to the ones presented to the Council at its first workshop session but have included a few adjustments that have occurred since the First meeting. One noticeable loss of revenue since the first workshop relates to a $31,431 deduction from our HACA aid by the Department of Revenue. This amount was not known by the City at the time of the first workshop and relates to tax increment financing penalties that the City receives as a result of the tax increment districts the HRA has established in the past. Since the maximum levy had already been established, I accounted for this reduction by reducing the capital outlay revolving find's tax levy by an equal amount. In addition to this HACA aid loss reduction, the capital outlay fund fax levy also was reduced to accomplish the 5.5% maximum increase. The original capital outlay expenditure summary sheet had tentatively listed a $300,000 expenditure for covering a portion of the design fees on the wastewater treatment plant expansion prc*t. As you may recall, this amount was reduced by $148,207 as a result of the decision to remain at a 5.5% maximum increase, and the Council also decided to not use the remaining balance of $161,793 for design fees, but rather earmark these fiends for either biosolids land acquisition coat or land expansion cost adjacent to the wastewater treatment plant. As I noted earlier, the $151,793 amount was also fiuther reduced by the $31,431 HACA aid loss amount to a new total at this time of $120,362. For your reference, the Council should also be aware that the proposed budget as presented includes an additional 5% above the current salaries budgeted to cover any coat of living adjustment that the Council may consider for 1996. This COLA adjustment is usually set by the Council at a later date, but I did want you to be aware that sufficient funds should be already included in the budget to cover any adjustments you may consider. The Monticello Joint Fire Board recently met to review the fire department budget for next year, and fiom that meeting, the Joint Fire Board is requesting some modifications to the budget over what was preliminarily proposed. At this time. I have kept the total On department budget the same at $133,476; the fire department members are asking for conaideration of increasing the hourly pay for the volunteer firemen to an even $7 per hour Special Council Agenda - 10/4/95 for all hours they attend a fire. In the past, the firemen have received $7 per hour for the first hour of a fire and $b for each additional hour. This has been the pay structure for a long time, and the Joint Fire Board is in agreement on requesting that the hourly pay be consistent at $7 per hour for all hours attended. In reviewing the wages for all fires in 1994, this would have amounted to a 9.7% increase in the entire wage category if all hours had been paid at $7. The fad that the increase from $5 to $7 is actually a 40% increase, the number of fires that last longer than one hour are usually small in comparison to the total fire calls; and as an average, the salaries would increase by about 10% annually. Based on the Joint Fire Board's recommendation, I have adjusted the salaries by an additional 10%; but at this time to keep the budget the same as originally proposed, I had to reduce the capital outlay expenditures by $3,000 to a new total of $7,000. If the Council would rather keep the capital outlay budget at the originally proposed $10,000 amount, we would have to reduce some other category by at least $3.000 to cover the additional amount needed for salaries. I believe the primary purpose of this second budget workshop was to review in more detail the proposed capital outlay expenditures and capital improvement projects. In this regard, department heads and supervisors will be in attendance to provide additional input as to specific capital outlay requests and justification for the same. I have also informed Marge Bauer, Librarian, of the Council's concern over the requested $29,000 capital outlay budget for the library. I have requested additional supporting data from Marge concerning requested improvements and equipment, and also requested her attendance at the workshop to provide additional input At this time, I have not received a specific listing of uses for the $29,000; but I do know they are working on getting cost estimates for service counter improvements, office tiirniture purchases, and chair upholstering cost. This information should be available at the workshop session from Ms. Bauer. Based on the latest revision. the following is a summary of the capital outlay fiord expenditures proposed with a 5.5% increase in the tax levy and accounting for the $31,431 lose in HACA aid. p� I�prcwa*nantA 2 hockey rinks • 4th St. Park, incl. moving lights & hydrants $20,000 Meadow Oak pathway (Middle School to Meadow Oak Park) $30,000 Pathway on CR I IS from Middle School to CR 75 $15,000 Meadow Oak Park improvements (Outlot A) - fencing $15,000 • 113 of parking lot paving $19,000 Special Council Agenda - 10/4/95 Lim 1 ppro m n n Remodeling interior, incl. service counter relocation, and upholstering or replacement furniture $29,000 Reserve for inla= nr sewer extension (4th year) $80,000 Vi1WTP land amuiaitien (partial) $120,362 TOTAL CAPITAL OUTLAY EXPENDITURES $622,362 Although the capital outlay expenditures are shown at $622,362, only $322,362 is proposed to be funded through tax levies in 1996. With the capital outlay fund having an estimated balance of over $600,000 set aside for various purposes, it is assumed that if the City proceeds with land acquisition for biosolids in the near future, we would simply use existing funds for such a purchase. The capital outlay Hind has a large reserve find because of funds that have been set aside for future improvements such as a new animal shelter ($76,000), wwtp expansion ($208,000), rewdrve for interceptor sewer extensions ($220,000), and $78,770 for future city ball expansion. As you can see, many of these funds have been dedicated for specific uses; and if the funds are depleted for acquisition of biosolids property or for other purposes, they should be considered to be replaced in the future by additional tax levies. Some projects that come to mind that the City will be dealing with in the future include the possibility of realigning Oakwood Drive and Highway 25, Fallon Avenue overpass cost, Dundas Road extension to Highway 25 improvements, and a hill or partial interchange at County Road 118 and 1-94. These projects will likely be substantial in amounts; and at this time, no funds aro being set aside for any of the City's share of these projects. As a result, if the Council would Md specific capital outlay expenditures from various departments that you feel should be delayed or cut from the budget for 1986, you may want to consider keeping these funds in the tax levy and simply adding it to the capital improvement fund for future prc jecta. Other than the changes noted. the budget summary sheets aro the same as presented at the first workshop with an additional exception being for the addition of $10,000 in the liquor atone budget for the possible expenditure of fireworks at the River Fest Celebration next year. Any expenditure of liquor store funds would not increase our tax levies and could simply be taken Sem Special council Agenda - 10/4% reserves or earnings of the liquor store operation. If the Council is not in agreement with including any funds for city participation in the River Fest Celebration, they can simply be deleted before the final document is prepared. Review the proposed budgeted expenditures and make any Austments the Council feels are wan -anted. Copy of summary worksheete. 1996 BUDGET SUMMARY FIBM 1995 PXPENDT"IRF.S 1 n E_XPEmT General BE02M $2,456,785 $2,456,785 gEVEMIE $2,840,575 NmP_q $2,840,575 Library 31,865 31,865 31,945 31,945 Transportation 67,479 67,229 70,243 70,322 Shade Tree 32,960 32,960 20,385 20,385 UDAG 11,695 -0- 11,120 -0- OAA 29,800 29,800 11700 1,700 HRA 414,700 321,771 508,040 321,727 EDA 118,770 201,440 117,445 202,120 SCERG 63,100 33,300 7,805 -0- CMIF 13,320 13,320 195 -0- Debt Service 1,266,115 1,419,712 1,759,511 1,566,430 Liquor 1,540,900 1,483,625 1,675,750 1,622,240 Water 182,350 411,000•• 192,950 384,850 Sewer 505,900 862,575• 522,260 926,655 Capital Imp. 493,468 493,468 390,027 625,962 Water Access 24,400 -0- 82,080 20,500 Sewer Access ii SSQ -n- 1Q'1 1U 28_nnn TOTAL $7,287,157 $7,858,850 $8,425,131 $8,663,411 • includes $404,395 Depreciation --contributed assets sewer •• includes $191,900 Depreciation --contributed assets water a F1ind General Library Transportation Shade Tree OAA HRA Debt Service Capital Imp. Revolving TOTAL TAX LEVY SUMMARY 1996 BUDGET ALL FONDS Net Payable— Adjusted ayable—Adjusted Levy Before 1996 Adjusted Levy HACA Adj. Levy After PAVAMPP1995 10gf, nPductinQ HA A $1,696,139 $2,203,730 $2,025,478 30,735 30,745 30,745 15,178 17,000 15,616 23,425 13,135 12,064 26,544 1,300 1,196 16,088 19,090 17,550 637,098 651,187 598,523 $2,841,185 $3,258,549 $2,997,450• Net Certified Levy Increase - $156,265 (+5.58) Payable 1989 Tax Capacity Rate . . . . 14.283 Payable 1990 Tax Capacity Rate . . . . 16.187 Payable 1991 Tax Capacity Rate 15.511 Payable 1992 Tax Capacity Rate 16.492 Payable 1993 Tax Capacity Rate . . . . 16.313 Payable 1994 Tax Capacity Rate 17.527 Payable 1995 Tax Capacity Rate 18.228 Est. Payable 1996 Tax Capacity Rate. 18.772 (+2.988) Tax rwnnri hr 1/AJU8 188/Payable 1989 $ 15,405,139 189/Payable 1990 15,873,242 190/Payable 1991 16,161,043 191/Payable 1992 15,513,574 192/Payable 1993 15,490,500 193/Payable 1994 15,154,786 194/Payable 1995 15,586,930 195/Payable 1996 (est) 15,967,298 Tax CRpaci tY RA A Tax Lew 14.283 $2,198,008 16.187 2,568,106 15.511 2,506,132 16.492 2,558,554 16.308 2,526,216 17.527 2,652,527 18.228 2,841,185 18.772 2,997,450 • Actual levy collected from taxpayers --balance received from state in HACA aid payments ($261,099 is est. State Aid for 1996). •• Did not deduct HACA from library levy, but deducted library portion of HACA from general fund levy. Fri GENERAL FOND BWOQARY 1996 BUDGIE? REVENUE 199SS TBXes Current Ad Valorem $1,884,015 Penalty/Interest 11000 Tax Increments --Kmart 99.600 $1,984,615 yj - aaa and Permits - R+nin as Liquor 20,950 Beer 1,445 Set Ups -A?; $ 22,720 LinAnnian and Permitn - Non-R+s'neaa Building Permits Variances/Conditional Uses Dog Licenses Others Int r- -nV rnmentAI Fire Department Aid Police Department Aid State Highway Aid Chargee for Services General Government Public Safety (Township Contract) Streets - C.S.A.H. Mtnc. Deputy Registrar Other Subdivision Fees Special Processing Fee (Garbage) Recycling Incentive Inspection Fees Garbage Cart Rental FinAn Animal Impoundment Mincellanre�s Aevenue Interest on Investments Sale of Property Other 6 Rental 4 Property Rnfundn and Reimhurn m n n IDC Reimbursement Other Reimbursements 80,000 11800 150 3.600 $ 85,550 31,125 20,000 ao.eoo $ 91,125 11150 60,020 5,050 93,750 3,200 91000 8,500 7,500 3,000 $ 194,870 ae.000 $ 20,000 50,555 350 ? I;= $ 53,405 21000 $ 4,500 i 'DOTAL GENERAL FUND REVENUE $2,456,785 k� $2,203,730 1,000 99.100 $2,303,830 25,150 1,550 12.5 $ 27,025 110,000 2,500 150 $ 116,250 32,685 22,000 ao.nnn $ 94,685 1,000 59,600 5,800 100,000 350 1,000 12,000 8,000 4,000 a 502 $ 196,250 1 s naa $ 15,000 62,060 275 11.200 $ 73,535 2,000 17 40A $ 14,000 $2,840,575 GENERAL FUND SUMMARY 1996 BUDGET EEPSNDITURES 1095 1QQ6 Mayor and Council $ 29,750 $ 30,225 Administration 232,120 237,365 Finance 97,960 99,320 Insurance 66,825 65,000 Audit 13,500 13,500 Legal 23,775 27,300 Planning & Zoning 81,290 72,935 Inspections --Bldg. Official 96,550 156,240 Assessing 12,525 13,625 Deputy Registrar 85,685 94,895 City Hall 50,260 39,950 Computer 29,840 38,020 Elections Q 6 175 TOTAL GENERAL GOVERNMENT $ 820,080 $ 894,500 Law Enforcement $ 293,635 $ 302,810 Fire 132,400 133,475 Civil Defense 9,405 8,740 Animal Control M8 = -S.s u TOTAL PUBLIC SAFETY $ 473,515 $ 480,525 Inspection $ 39,800 $ 42,340 Admin. Engineering 102,795 116,260 Streets 6 Alleys 243,685 361,680 Snow & Ice 17,735 87,810 Street Lighting & Parking Lots 64,490 65,750 Shop 6 Garage 35,500 73,350 Refuse Collection 269.070 286.270 TOTAL PUBLIC WORKS $ 773,075 $1,033,460 Senior Citizens Center $ 36,500 $ 55,000 YMCA/Community Ed. 25,000 25,000 Information Center/Museum 1.795 1.74n 'DOTAL HEALTH 6 WELFARE $ 63,295 $ 81,740 Parke & Rec./Cemetery S 191.275 S 203.990 TV)TAL PARKS & RECREATION $ 181,275 $ 203,980 Community Development �S 135.045 Q 1'%6.R7n IOTAS, COMMUNITY DEVELOPMENT $ 135,045 $ 136,870 Mioc.--Severence Benefits 1n 5na s 9.Snn 'TOTAL MISCELLANEOUS $ 10,500 $ 9,500 'DOTAL GENERAL FUND EXPENDITURES $2,456,785 $2,840,575 FT -TIM -in DEBT SMWICB BUNDS 1996 BUDOST FORECAST REVENUE 1995 19.0 Current ad valorem 706,400 651,187 Interest 80,165 63,245 Special asmt--county 150,900 730,229 Transfer in --tax increment 128.660 114.850 TOTAL RBVZI= 91.966.115 91_749,511 BEPEMITUR88 Principal 925,000 950,000 Interest 456,851 597,762 Paying agent fees 8,661 9,543 Interest exp. 29.2QA a 17rj TOTAL H"BNDITURBB y s CAPITAL OUTLAY ITMIS 1996 BUDGET FUND/ nPPARTT-= AMOUNT FUNDING SOURCE Admin.: Copy machine (2nd half) $ 6,000 General Fund Deputy Registrar: Shredder $ 210 General Fund Steel shelving 115 General Fund Computer table 150 General Fund $ 475 Data Processing: (2) Personal computers $ 5,000 General Fund (PW 6 city hall) Color printer (PW) 2,500 General Fund GIS pilot project (with Wright County) 7.6nn General Fund $ 15,100 City Hall: (75) Council chamber chairs $ 9,375 General Fund Less: prev. budgeted (3.25n) $ 6,125 Conference table 900 General Fund Brick eealant/repairs 5.000 General Fund TOTAL CITY HALL $ 12,025 Animal Control: New animal shelter (partial) $ 75,000 Capital Outlay Sr. Center: New building roof $ 18,000 General Fund PW Admin.: Filing cabinet (a) $ 800 General Fund PW/ Inspections: Flan file cabinet $ 11500 General Fund Streets: Sealcoating $ 27,500 General Fund Small loader 50,000 General Fund and trailer 41000 General Fund Lees: '95 budget amt. (21.5nnl $ 32,500 Street sweeper $ 95,000 General Fund Less: trade-in 120_00Ol $ 75,000 TOTAL STREETS $135,000 Snow/Ice: Snowplow hookup for big loader $ 51500 General Fund Snow blower 6n_600 General Fund $ 65,500 f CAPITAL OUTLAY ITEMS 1996 BUDGET Shop 6 Garage: Paving between shops 6 expanding parking $ 20,000 General Fund Locking main toolbox 1,500 General Fund Lubrication system: (2) for motor oil (1) for hydraulic (1) for grease (1) for gear oil 91900 General Fund Frame jack 2,500 General Fund Misc. furniture - shop 1.500 General Fund $ 35,400 Planning: Balance of comp plan update ($15,000 budgeted in 1995 $ 7,500 General Fund Parks: (2) hockey rinks, move lights 6 hydrant - 4th Street Park $ 20,000 Capital Outlay Pathway - Middle School to Meadow Oak Park 30,000 Capital Outlay Pathway - Middle School to CR 75 along CR 118 15,000 Capital Outlay Meadow Oak Park Imp (Outlot A) Fencing 15,000 C&yaal 01;tlay 1/3 of parking lot paving 13.000 Capital Outlay $ 93,000 Trees 15,000 General Fund Picnic tables 4,000 General Fund Security camera & recorder 2,500 General Fund Annual pathway maint./ contracted services 2n.ann General Fund $ 41,500 TOTAL PARKS $134,500 Building Inspection: Phone 6 radio for new vehicle $ 700 General Fund Add'l vehicle for new inspector position 12.000 General Fund $ 12,700 Fire Dept.: Parking lot improvements $ 1,500 General Fund Computer system 2,000 General Fund Nozzles, hoses 21000 General Fund Pass Code I.D. tags 500 General Fund Base station radio i-000 General Fund $ 7,000 G CAPITAL OUTLAY IT8m8 1996 BUDOBT Water Dept.: Remove 6 inspect wells #1 and #3 $ 20,500 Water Access Misc. furniture - training room 11000 Water Fund Upgraded locater A.00n Water Fund $ 24,500 Sewer Dept.: Rodder hose - 20, $ 565 Sewer Fund 200, - d• discharge hose for portable pump 800 Sewer Fund Insulate/winterize Sunny Fresh chemical blg. 2,000 Sewer Fund Reserve for interceptor sewer (4th yr) en.nnn Sewer Fund $ 83,365 WWTP: Balance for original facilities plan ($35,000 prev. budgeted) $ 10,000 Sewer Access Facilities plan revisions/ modifications ifi-M Sewer Access $ 28,000 WWTP land acquisition - Partial - $120,362 Capital Outlay Biosolids land acquisition S3nn.nnn Capital Outlay TOTAL WWTP $420,362 Library: Unallocated $ 11000 Library Fund Possible service counter relocate, new Turn. or upholstering, addll interior remodeling to accommodate Computer tie-in w/St. Cloud L-23—= Capital Outlay $ 30,000 0 1998 SUNMARY OF LEVY INCREASESIDECREASES PROPOS® BY FUNDS General fund levy is up $329,339. Some of the increases or decreases by department are as follows: Up $59,690 due to additional 25% allocation of Development Services Technician salary and benefits to building inspections from planning; Additional budgeting for a full-time Building Inspector position, including benefits; Salary and benefits for additional secretarial help. In addition to the personnel related budget increases noted, $12,000 was included for another vehicle for the new employee. IdUpd. Up $3,526, mainly due to additional legal publication costs for publishing full minutes and agendas in the Times. The legal department budget covers (2) main types of expenses: City Attorney fees for $13,000 and general publication coat for hearings, minutes, and agendas at $14,200. The publication of the fill minutes averages about $1,000/month, and the agenda publication for City Council meetings averages $200/month. For your information, the City does not need to publish the entire minutes but could publish a summary and reduce costa substantially. Also, the agendas are being published as a service and is not a requirement. Planning wnd Zgaing. Down $8,365, partially due to part of Development Services Technician (Wanda) salary and benefits being allocated to building inspection department and a smaller budget lbr consulting planner fees. CilrYIM. Down $10,310 due to lower capital outlay for building maintenance. CaapuW. Up $8,180, mainly to cover funding of a pilot project for setting up a portion of the City's base map on computer (geographic information system). Wright County has agreed to share in a portion of the cost for this pilot project. Electinng. Up $6,125 to cover even-yoar elections. 1 owEmro.mmaU. Up $9,175 to cover increase in contract hourly rate firom $32 to $33/hr. Public Worka AdminigtrAtinn RE Rn marina, Up $1.3,465, mainly due to increase in salary and benefits for frll•time public works secretarial position. LEWS M: Bl9BI88 Page 1 Streets. Up $117,995, mainly because of: 50% of additional street and perks employee $17,925 Capital outlW. Small loader & trailer $92500 Street sweeper $75,000 Rnowdee. Up $70,075, primarily due to capital outlay for a new snowblower ($60,000) and snowplow hookup for loader 0$5,M. $hep. Up $37,850 for paving between shops 0 $20,000 and equipment capital outlay for new shop ($15,400). RB♦i+on ellectien. Up $17,2D0 for basic cost increases and additional homes to cover. lamer .i 'u.n �. Up $18,600 to cover cost of new roof at the center. Pers. Up $22.705, with $17,926 of increase attributable to 50% of new employee. Budget also includes $20,000 for pathway maintenance cost of the new ISUA trail system. The net increase in expenditures proposed above amounts to $369,337. The difference of $99,998 between the increase in expenditures and the tax levy increase of $929,939 is covered by additional non -tau revenues from such sources as building permit fees ($90,000), deputy registrar fees ($8.250), interest earnings ($11,600), and other miscellaneous sources. LEWS M: SSW Pepe 2 d SUMMARY OF PROJECTED REVENOE�* EXPENDITURES AND FUND BALANCES (CASH 6 INVESTMENTS) FUND General Library Tree OAA Water Water Access Sewer Sewer Access Transportation Liquor Capital Outlay Revolving HRA UDAG EDA SCERG CMIF SUBTOTALS Debt Service General Obligation Bonds Special Assessment Bonds Tax Increment Bonds SUBTOTALS TOTALS PROJECTED 1996 1996 PROJECTED BALANCE 17131®5 PROJECTED RFVENtJF PROJECTED FxpFNnmiRF.R BALANCE 12f31196 $1,999,931 $2,940,575 $2,940,575 $1,999,931 $6250 $31,945 $31,945 $9,250 $123242 $20,365 $20,365 $123.242 $6,742 $1,700 $1,700 $6,742 $125,958 $192,950 $192,950 $125,956 $201,730 $82,080 $20,500 $263,310 599,425 $522260 $522,260 $99,425 $195,430 $193,100 528,000 $360,530 $7,650 $70,243 $70,322 $7,571 $125,850 $1,675,750 $1,622240 $179,360 $680,450 $390,027 $625,962 $444,515 $488,250 $508,040 $321,727 $874,563 $168,420 $11,120 $0 $179,540 $157,794 $117,445 $202,120 $73,119 $65,100 $7,605 $0 $72.805 SIO 5195 SO Sm $4,454282 $8,665,620 $8,500,688 $4.619,226 $521205 $374,086 $372200 $523,091 $1,861,530 1354.329 $1,0681500 9316 825 $865,025 1329.205 $2,065,005 53.92.049 $2,737,064 $1,759,511 $1,566,430 $2,930,145 $7,191,356 $6,425,131 $8,067,116 $7,549,371 PROJREV: 09,200 K. 1996 (Based on levy increase of 5.5%) The effect of budget increases or decreases on the proposed: Budget Effect on General Fund +$383,790 +$329,339 Library Fund +$80 +$10 Transportation +$3.093 +$438 Tree .$12,575 -$11.361 OAA .$28,100 -$25.348 HRA -$44 +$1,482 Debt Service +$146,718 -$38,575 Capital Outlay Fund +$132,494 -$99.700 EDA Fund + $680 $0 UDAO $0 $0 Liquor +$138.615 $0 Water Fund .$26,160 $0 Sewer Fund +$64.080 $0 Water Access Fund +$20,500 $0 Sewer Access Fund +$28,000 $0 SCERf3 -$33.300 $0 CMIF -113.320 _ so TOTALS—ALLFUNDS +$604,661 +$156,265 Ievy =.wk4: 0900 General Obligation Bonds Special Assessment Bonds General Obligation Tax Increment Note General Obligation Tax Increment Bonds INDEBT: 091211W CITY OF MONTICELLO COMBINED STATEMENT OF INDEBTEC (PROJECTED) 12-31-% 625,615,000 $15,370.000 $10245.000 $925,000 $456,851 $950.000 Principal Interest Principal Auth. and (Outstanding Paid in Paid In Due In 19mad SffiIfBC 1291@5 1945 1995 1335 $3.900.000 $2.225,000 $1,675,000 $265,010 $114,597 $270,000 $19,338,000 $12,263,000 $7,075,000 $445.000 $220,736 $460,000 $32,000 $32.000 $0 $0 $0 $0 625,615,000 $15,370.000 $10245.000 $925,000 $456,851 $950.000 CITY OF IWIITRCELLO TAX LEVEE TO RETIRE BOMDED VI ESTEDNE89 DlornCn 31, IM �� I o.�r otsr otsr I o.l.a Owr I ol..r osr !q+Ty.' rl �...^ nr�r� nup�m ouo��t alrt��t ouoet Ilttta 71vo+ttal � vl/r ems. I I4�r 011�tt I Yrs OI�1 mo.w1 7topwr/ i I.00w�l/ `� d � j rI� � Itpu��r1 ; /tt�7 0aO Otl1C Dad Dae i Ome 104 SfY �� flpV Owlu Ooa /� lalE blt� I Oee �r 1 � 011la � Oom 01�' OWMD l Im.l IMI 113=I 01,10 {ITImI /1M/®l /IM.WII Wmt` WMj moo null I1p.d7li Ittl70 00{170 Im]� tmp� P/D! U],vt {t}1m� {170fu� 0ta� t9Dml W,IU nbl 111117 /I Ism IIs,W� Mpl,ln� IOOEi Im/ awl U1,It11 IIM t72 IIa)l71171,1tl lm] imf saml a1,we /1/1 G7T 1110)11 Ia 111 P]IUI @,1{11 11!111 I'M.," IIOO 1]Y ]7pl l/m. Imp i ::OMM ..,sum 117{,pyl� Won, 011, Ia,175I 11.6]0 /IY/nl 11m1n, 17a IQ Imp MI) L]10]1, 117/110 SIM 07, � {71117, U]001i Pt10 ' IMAW 11Pm 1191/n, MM' 7mti 631,m! /IA>Do smw mm; Pm7 Im M, u" ow WnivI, M" m0]/1a 11t, Pmt IIt w, I,Yp "21710, mm Dom Ila al t 1147.m I:Y 37. "" nI I 0m 1001 - I 1 IIOo,W SION3 mol :oo/ 1 I'mm $Ia PI r roof uMO 053Dt Whit /1P/60 II tO,u� {173101i_ I»m$IPYI P1/11 Ib1l/ ta"eb 11Yo/n 5, ou "011m BONDDEBT.WK4