HomeMy WebLinkAboutStaff Report 2330City of Palo Alto (ID # 2330)
City Council Staff Report
Report Type: Consent Calendar Meeting Date: 4/23/2012
April 23, 2012 Page 1 of 3
(ID # 2330)
Summary Title: $200k Contribution to County Housing Trust
Title: Approval of Amendment No. Five to Agreement with the Housing Trust of
Santa Clara County, Inc. to Provide a Contribution in the Amount of $200,000
from the Residential Housing Fund for Fiscal Year 2011/12 to be Expended
Through Fiscal Year 2015/16.
From:City Manager
Lead Department: Planning and Community Environment
Recommendation
Staff recommends that Council:
1.Approve Amendment No. Five to Agreement with the Housing Trust of Santa Clara
County, Inc. to Provide a Contribution in the Amount of $200,000 from the Residential
Housing Fund for Fiscal Year 2011/12 to be Expended Through Fiscal Year 2015/16.
2.Authorize the City Manager to Execute Amendment No. Five with the Housing Trust of
Santa Clara County, Inc.
Executive Summary
Council approval of the recommended actions will provide an additional $200,000 in financial
contributions to the Housing Trust of Santa Clara County, Inc. (HTSCC) to support activities and
efforts to increase affordable housing opportunities. It will also increase HTSCC’s administrative
fee percentage from 1% to 5% of the contribution to compensate for their increased expenses.
The City of Palo Alto has provided a total of $950,000 in financial contributions since the
inception of the HTSCC to increase affordable housing opportunities in Palo Alto. HTSCC has
invested close to $3.45 million in Palo Alto through its homeless/special needs and multi-family
residential loan programs, and first-time homebuyer assistance program. No General Fund
monies are being used for this housing activity. Only Housing funds collected through developer
fees are used to contribute to HTSCC and are restricted for the development of affordable
housing and no other purpose.
Background
In 2000, the Housing Trust of Santa Clara County, Inc. was created to provide additional
financial resources to address the County’s affordable housing deficit. The HTSCC’s initial
funding endowment of $20 million was met in two years and included contributions from public
April 23, 2012 Page 2 of 3
(ID # 2330)
jurisdictions in the County, major employers and private foundations. On October 23, 2000, the
City Council approved a contribution of $500,000 from the City’s Residential Housing Fund, with
the provision that the City’s fund be used exclusively for qualifying affordable housing projects
located within Palo Alto. The City provided additional funding in the amount of $150,000 in
2004, and in 2009 and 2010, the City contributed $100,000 each of those years. On December
13, 2010, the City Council approved an allocation of $100,000 from the Residential Housing
Fund for a City contribution to HTSCC. This year’s $200,000 request is a one time request.
HTSCC anticipates a higher number of loans at higher amounts in the upcoming year, based on
developer feedback. HTSCC will also be awarding higher amounts for predevelopment loans.
HTSCC is also requesting an increase in the administrative fee from the current 1 percent of the
contribution to 5 percent of the contribution. The administrative fee has been at one percent
since the City’s initial contribution in 2001. However, since that time, administrative and loan
processing expenses have increased. Other participating jurisdictions, including the City of
Sunnyvale and the City of Mountain View, have increased their administrative fee percentages
to the 5 percent administrative fee. The increased administrative fee comes out of the City’s
contribution and does increase the contribution amount.
Discussion
The City’s participation in the Housing Trust has increased the available housing funding for a
number of Palo of Alto projects, including its recent loan commitment of $600,000 for the Palo
Alto Housing Corporation’s acquisition of 2811-2825 Alma St. Since the execution of the
Agreement with the City, the HTSCC has loaned approximately $2.74 million to non-profit
housing developers for various projects in Palo Alto as shown below.
Project Name
Number of
Units
HTSCC
Loan Amount
Opportunity Center 89 $ 650,000
Oak Court Apartments 53 $ 400,000
Fabian Way Senior Housing 56 $ 689,439
Tree House Apartments 35 $ 500,000
801 Alma Family Housing 50 $ 500,000
2811 Alma Street 6 $ 600,000
Total 289 $ 3,339,439
In addition, the HTSCC invested close to $111,000 assisting 17 households purchase homes in
Palo Alto through its first-time homebuyer program. Assisted households had an average
income of $58,466, and the average home purchase price was $239,443.
Since the City has already entered into an agreement with the HTSCC and the terms for the use
of the funds are unchanged, the existing Agreement needs only to be amended to reflect the
additional contribution and increase in administrative fee.
April 23, 2012 Page 3 of 3
(ID # 2330)
Resource Impact
The contribution of $200,000 will come from the Residential Housing Fund. The $200,000 will
be transferred immediately to the HTSCC after approval of the request.
After the $200,000 transfer, the cash balance in the Residential Housing Fund will be
approximately $118,628. Approximately $4 million in additional funds are expected from the
Sterling Park development this year. However, those funds will be retained pending the
outcome of a lawsuit brought by Classic Communities challenging the housing in lieu fees. Staff
expects additional smaller in-lieu payments from other developments within the next 6
months. No General Fund monies are being used for this housing activity.
Policy Implications
The recommendation furthers Comprehensive Plan policies that support addressing housing
needs on a regional basis and working with outside agencies and other jurisdictions to develop
and implement housing programs.
Environmental Review
This action is not considered a project subject to the California Environmental Quality Act, as it
would not cause a physical change in the environment.
Attachments:
·Attachment A: Amendment No 5 with Housing Trust of Santa Clara County (PDF)
·Attachment B: Agreement between City of Palo Alto and Housing Trust of Santa Clara
County, Inc. dated May 7, 2001 (PDF)
Prepared By:Tim Wong,
Department Head:Curtis Williams, Director
City Manager Approval: ____________________________________
James Keene, City Manager
Amendment No. Five to the Agreement No. C1l36231
Between the City of Palo Alto and Housing Trust of
Santa Clara County, Inc., A California Nonprofit Corp.
This Amendment No. Five ("Amendment") to the Agreement No. C 1136231
("Agreement") is entered into (tIt ; I /I j ;:)<2 { ).== , by and between the CITY OF
PALO ALTO ("CITY"), and H USING TRUST OF SANTA CLARA COUNTY, INC., a
California Nonprofit Corporation, ("HTSCC").
RECITALS:
WHEREAS, on May 7, 2001, Agreement No. CI136231 (Attachment B) was
entered into between the parties regarding the City'S initial contribution of $500,000 to the
Housing Trust Fund Endowment of Santa Clara County; and
WHEREAS, on July 12,2004, the Agreement was amended to reflect an increase
in the amount of the City of Palo Alto's contribution HTSCC by an additional $100,000 to be
expended in fiscal year 2004-05 and an additional $50,000 to be expended in fiscal year 2005-
06; and
WHEREAS, on April 16, 2007, the City Council approved a time extension
allowing for the expenditure of the City's contribution of $50,000 made in fiscal year 2005-06
through fiscal year 2009-10; and
WHEREAS, on May 11,2009, the Agreement was amended to reflect an increase
in the amount of the City of Palo Alto's contribution HTSCC by an additional $100,000 to be
expended through fiscal year 2013-14; and
WHEREAS, on February 8, 20 I 0, the Agreement was amended to reflect an
increase in the amount of the City of Palo Alto's contribution to HTSCC by a third $100,000 to
be expended through fiscal year 2012-20 I 4; and
WHEREAS, on December 13,2010, the Agreement was amended to reflect an
increase in the amount of the City of Palo Alto's contribution HTSCC by an additional $100,000
to be expended through fiscal year 2014115; and
WHEREAS, the parties wish to amend the Agreement.
NOW, THEREFORE, in consideration of the covenants, terms, conditions, and
provisions of this Amendment, the parties agree:
SECTION I. Section 2 of the Agreement, entitled "Deposit of City's Residential
Housing In-Lieu Funds into Endowment Fund" is hereby amended to read as follows:
120411 dm 0120532
"City agrees to deposit an additional sum of $200,000 within thirty (30) days after
mutual execution of this Amendment No. Five to the Agreement, which shall be
expended through fiscal year 2015-2016, and according to paragraph 3.2.2 of the
Agreement."
SECTION 2. Section 7 of the Agreement, entitled "Administrative Fees" is
hereby amended to read as follows:
"The HTSCC may charge an annual administrative fee equal to five percent (5%)
of the fair market value of the Endowment Fund against the Endowment Fund.
The HTSCC may also charge against the Endowment Fund reasonable bank fees.
One-Twelfth (1/12) of the annual fees will be deducted monthly. The HTSCC
shall report the fees charged against the Endowment Fund in its quarterly and
annual reports."
SECTION 3. Except as herein modified, all other provisions of the Agreement,
including any exhibits and subsequent amendments thereto, shall remain in full force and effect.
IN WITNESS WHEREOF: the parties have by their duly authorized
representatives executed this Amendment No. Five on the date first above written.
APPROVED AS TO FORM:
Assistant City Attorney
APPROVED:
Director of Administrative Services
Director of Planning and
Community Environment
120411 dm 0 120532
2
CITY OF PALO ALTO
City Manager
HOUSING TRUST OF SANTA CLARA
COUNTY, INC., a California
Nonprofit Corporation
By: ~ ;;::2 C? .I
~~~~~;;Ig,C~
By: __________ _
Name: Title: -----------
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189
r""'~""""'-<w-"""""""'R.r""''''''''''''~'''''''''''''''''''''~~-~'''''.<W''''''''''''''''~~='''''''''''''''''''.<W~.0<,
~ State of California } .
~ County of '7.4-AC(A-t (MdC .
~ ,/ ~ ~ On,4-;I\, r.--II tolZ--before me, LD6PtNlS.1-/r:LJkuJ ""T7'l-A-J foVeA( c ~ , Dah! Here Insert NatTIe andille OIiheOtiter i personally appeared ?6/rN A,J.tfyj 2-14 I (tt..-I 1 ",mol') 01 "9,0/(,)
~, who proved to me on the basis of satisfactory
~ evidence to be the person($) whose name(,S) is/l""e
~'." subscribed to the within instrument and acknowledged
to me that he/sJ;{e/thl!y executed the same in
, his/h¢/ttJeir authorized capacity(i,e's), and that by ~ e lOGAN S, HOWARD his/hpr/tl)eir signature(0 on the instrument the
~ COIMIilllotltl 1952852 person(¢), or the entity upon behalf of which the ~ ~ ,.. Notary PuIIItc· CIItIomI. person($) acted, executed the instrument. ~ f Sanla CIInI COunly -I t ..... J!I~~"I:'.'1'11
;
,
I certify under PENALTY OF PERJURY under the
laws of the State of California that the foregoing
paragraph is true and correct.
Signat -~:::1~~'C,:r:=:=~~=",...---
-------------------opnONAL------~--------+_------------------
Place Nolary Seal Above
Though the information be/ow is not required by law, it may prove valuable to persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached Document A I
Title or Type of Document: I!-ut cAt;:) It{ C;-At7 1\11), hj~ ~ ~~: Document Date: lit;!., '-II z.o (v
Signer(s) Other Than Named Above: ________ ~ _______________ _
Capacity(ies) Claimed by Signer(s) ~ Signer's Name: Signer's Name: ____________ _
Number of Pages: ----,2-,,' =:...-___ _
~ D Corporate Officer -Title(s): D Corporate Officer -Title(s): _______ _ ~ D Individual D Individual
~ [1 Partner -0 Limited D General Top or thumb here 0 Partner -D Limited 0 General Top althumb here i 0 Attorney in Fact 0 Attorney in Fact g
RIGHT THUMBPRINT
OFSIGNeI
(/' D Trustee 0 Trustee XI ~ D Guardian or Conservator 0 Guardian or Conservator ~ I D Other 0 Other ~
~ § ~ Signer Is Representing Signer Is Representing ~
~ ~ !~'g.,;.~~~~'Y:<,.~~,g.>~~ .... ~_g,~~~y,..~~'@~~"S.O.<,."g',;.~~~~~'g;..EV'W.>~~~~~~
(Q 2010 National Notary Assocfation • NalionalNolary.org • '-BOO-US NOTARY (1·800·676·5827) Item #5907
AGREEMENT
BETWEEN
CITY OF PALO ALTO
AND
) ATTACHMENTB
HOUSING TRUST OF SANTA CLARA COUNTY, INC.
REGARDING A CONTRIBUTION TO THE
SANTA CLARA COUNTY HOUSING TRUST FUND ENDOWMENT
THIS AGREEMENT is made and entered into as of
~ 1· ,2001, by and between THE CITY OF PALO ALTO (City)
and HOUSING TRUST OF SANTA CLARA COUNTY, INC. .(" HTSCC" ), a
California nonprofit corporation.
RECITALS
A. The Housing Trust of Santa Clara County, In~. Endowment
Fund (" Endowment Fund"), an investment pool fund in which
private corporations and public agencies participate, has
been created by ·the HTSCC for the purpose of establishing a
revolving loan fund and grant-making program to address the
issue of affordable, available housing in Santa Clara
County.
B. On January 22, 2001 the City Council of the City of Palo
Alto adopted Budget Amendment Ordinance No. 4677. The
Budget Amendment Ordinance provides for the transfer of
Five Hundred Thousand Dollars ($500,000) in Residential
Housing In-Lieu Funds to the Endowment Fund .
C. The City' oS
funds be
preserving,
housing in
Plan.
. Housing Reserve Guidelines require that the
used to provide assistance in expanding,
or improving the supply of low and moderate
the City as defined in the City's Comprehensive
D. The Ci ty desires to increase, improve, or preserve
affordable housing for persons and families of low and
moderate income in the City of Palo Alto ~ by participating
in the Endowment·Fund as specified in this Agreement.
E. The purpose of this Agreement is to set forth the mutual
agreement of the City and the HTSCC regarding the use of
the City's Residential Housing In-Lieu Funds through the
1
010427 syn 0090828
)
Endowment Fund.
follows:
SECTION 1.
)
In view of the above, the parties agree as
AUTHORITY AND STATUS OF HTSCC
HTSCC :represents and· warrants that the information
contained in this Agreement is true and accurate to the best of
its knowledge, and that it is a duly organized, validly existing
nonprofit corporation in good .standing under the laws of its
place of incorporation; that its signatory to this Agreement is
authorized by resolution, bylaws, or constitution of the
nonp~ofi t corporation, currently, in .full force and. effect, ·to
execute this Agreement on HTSCC's behalf.
SECTION 2. DEPOSIT OF CITY'S RESIDENTIAL· HOUSING
IN-LIEU FUNDS INTO ENDOWMENT FUND
City agrees to deposit the sum of $500,000 into the
Endowment Fund within 30 days after the mutual execution and
delivery of this Agreement.
SECTION 3. USE OF CITY'S RESIDENTIAL· HOUSING IN
LIEU FUNDS
3.1 HTSCC ag.rees that no fees will be charged to
City's Residential Housing In-Lieu Mitigation Funds on deposit
in the Endowment Fund for administrative or overhead costs,
including but not limited to fundraising expenses. The sole
administrative expenses which may be charged to City's
Residential Housing In-L.ieu Funds on deposit in the Endowment
Fund shall·be as set forth in Section 6.
3.2 The Community Foundation Silicon Valley shall
serve ·as the Endowment Fund's fiscal agent, and the City's funds
shall be paid directly to· them. All disbursements of the City's
Residential Housing In-Lieu Funds from the Endowment Fund shall
be in the form of loans secured by a deed of trust recorded
against the property. The HTSCC shall consult, in advance, with
the City Manager of Palo Alto, prior to making any loans. Th~
initial disbursement of the funds shall be used only for one or
more projects that meet all of th~ following criteria:
3.2.1 The project must provide rental housing
or housing for the homeless. A project to provide home
ownership assistance is not eligible.
2
010427 syn 0090828
",
\ J
\ )
3.2.2 The proj ect must increase, improve or
preserve affordable housing, or housing for the homeless, in the
'City of Palo Alto.
3.2.3 Such housing must be affordable to
persons and families of low or very low income households as
. those terms are defined by the Department of Housing and Urban
Dev.elopment as pertains to' the San Jose Metropolitan Statistical
Area.
3.2.4 . The HTSCC shall use the City's
Residential Housing In-Lieu· Funds to increase, improve or
preserye affordable housing for homeless· individuals and
families and/or affordable rental housing f.or persons and
.families of low or very low income households, by methods of
providing financial assistance that include, but are not limited
to, the methods set forth in California Health and Safety Code
Section 33334.2 (e), excluding subsections' (4) and (8).
3.2.5 Any new or substantially rehabilitated.
housing that is developed, financed or assisted, in whole or in
part, with the City's Residential Housing In Lieu Funds shall
remain available at affordable housing .. costs to persons and
families' of··low or very low. income households, as t.he case may
be, for the longest feasible time, but not less than thirty (30)
years for rental units. The HTSCCshal1 require the recording
in the o'ffice of the County Recorder'. of covenants or
restrictions implementing this Section 3.2.5 for each parcel or
unit of real property subject to this Section 3.2.5, which
covenants or restrictions shall run with the land and shall be
enforceable against the original owner and successors in
interest, by the City or the HTSCC.
3.2.6 There 'shall be no discrimination
against or segregation of any person, or group of persons, on
account of race, color, religion, national orlgln, ancestry,
gender, marital status, sexual preference, or handicap status in
the sale, lease, sublease, transfer , use, occupancy, tenure or
enj oyment of any such proj ect, or any part thereof, nor shall
any recipient of the City's Residential Housing In-Lieu Funds,
or any person claiming under ,or through such person, establish
or permit any such practice or practices of discrimination or
segregation with reference to the selection, loca-cion, number
use or occupancy of tenants, lessees, subtenants, sublessees, or
vendees of any such project.
3
010427 syn 0090828
\
)
3.2.7 The restrictions of this Section 3.2
shall apply to the initial use of the City's Residential In-Lieu
"Hous.ing Funds by the HTSCC.
3.2.8 The HTSCC shall refund to the City any
portion of the City Residential Housing In-Lieu Funds that have
not been disbursed or contractually committed to be disbursed in
accordante with this Section 3.2 by the date that is thirtY-Six
(36) months after the date of this Agreement. If the City's
Residential Housing In-Lieu Funds are disburs~d or contractually
commi tted to be disbursed in accordance with this Section 3.2
within ·such 36-month· period, the HTSCC shall have no obligation
to repay any portion of the City's Residential ·Housing In-Lieu
Funds to the City.
3.3 All disbursements by the HTSCC shall be made
after· consul tation with the City Manager of Palo Alto· and wi th
the advice and suggestion of the HTSCC Board 6f Directors which
includes .two members of the Santa Clara County Board of
Supervisors. The HTSCC shall follow the re~ommendations
regarding disbursements rendered by the Endowment Fund Steering
Committee unless to do so would be a violation of law, this
Agreement, or the HTSCC's Articles of Incorporation or Bylaws.
SECTION 4. INVESTMENT OF THE FUND
The HTSCC shall hold, manage, invest and reinvest the
Endowment Fund in accordance with the "reasonably prudent person
standard. Provided, inyestment ·of the funds contributed by the
City under this Agreement shall be limited to money-market funds
of the type described in Government Code Section 53601(k) (2).
SECTION 5. FINANCIAL REPORTS
5.1 The HTSCC shall establish and maintain, in
generally accepted accounting principles, a
of all financial transactions related to the
accordance with
complete record
Endowment Fund.
5.2 The HTSCC shall provide City with quarterly
reports which shall set forth in detail all financial
transactions· related to the Endowment Fund. The HTSCC shall
also provide City with a copy of its audited report, prepared by
independent certified public accountants annually.
4
010427 syn 0090828
~ '\ j J'
j " J
HTSCC shall provide City with a written
report on the initial expenditure of the City's Residential
HouE!ing In Lieu-Funds, including, at a minimum, for each project
assisted-with City's Residential Housing In-Lieu Funds, the
following information: location and. description of the assisted
project(s); number of units; rent and income restrictions; and
term of restrictions.
5.3 The
SECTI'ON 6. ADMINISTRATIVE FEES
The HTSCC may charge -an annual administrative fee
equal to one percent (1%) _ of the fair -market value of the
Endowment Fund against the Endowment Fund. _ The HTSCC may also
charg~ against the Endowment Fund reasonable bank -fees.
One-Twelfth (1/12) of the annual-fees will be deducted monthly.
The HTSCC shall report the fees charged -against the -Endowment
Fund in its quarterly and annual reports.
SECTION 7. NOTICES
Any corrununication or notice which either party is
required to send to the other or which either party desires to
send to the other, shall be in writing and shall be -either
personally delivered or mailed in the United States mail,
postage piepaid, to the respecti~e parties addressed as follows:
City:
HTSCC:
City Manager
City of Palo Alto
P.O. Box 10250
Palo Alto, CA 94303
Housing Trust of Santa Clara County, Inc.
111 West St. John_Street, Suite 710
San Jose, CA 95113
Either party may change its address by sending notice of the new
address to the other party pursuant to this Section.
SECTION 8. COMPLIANCE WITH ALL LAWS
The HTSCC shall comply
ordinances, codes and regulations
local governments.
5
010427 syn 0090828
with all applicable laws,
of the federal, state and
J
MISCELLANEOUS PROVISIONS
A. The parties agree that this Agreement shall be governed and·
construed in accordance with the laws of the State of
California. In the event that suit shall be brought by
either party to. this Agreement, the parties agree tpat
venue shall be exclusively vested in the state courts of
the County of Santa ~lara, or where otherwise appropriate,
exclusively in the United States District Court;. Northern
District of C~lifornia, San Jose, California.
B. ~he headings of the sections atid subsections of. this
Agreement are inserted for convenience only. They do not
consti tute· a part of this agreement and shall not be used
in its construction.
c. The waiver by any. party to this Agreement of a
any prov~s~on of this Agreement shall not be
continuing waiver or a waiver of any subsequent
that or any other provision of this Agreement.
breach of
deemed .a
breach of
D. Any and all .exhibits, which are referred to in this
Agreement, . are incorporated herein by reference and are
deemed a part of this Agreement. This Agreement may only be
amended by formal written agreement executed by both
parties.
E. If a court of competent jurisdiction adjudges any provision
of this Agreement as void or unenforceable, the remaining
provisions shall not be affected hereby and shall remain in
full force and effect i provided that construction of the
agreement without. the invalid or unenforceable provision
does not deprive the parties of the benefit of their
bargain.
III
II
II
II
II
II
6
010427 syn 0090828
Where this agreement refers to City and no Officer of
the -City is named, . ·the City Manager. shall have the authority to
act on the City's behalf.
Frank nest
Ci ty Manager.
APPROVED AS TO FORM:
l~WL~ Sen1 Asst~ C1ty Attorney
Services
010427 syn 0090828
7
HOUSING TRUST OF. SANTA CLARA
COUNTY, INC.
BY:~fL.a.
. r1S Block
Executive Director
By: .~ ~.
Name: (L. -6t4ttM~
Title: ~Ufo~U~
Taxpayer Identification No.
77-0545135
(Compliance with Corp_ Code § 313
is required if the entity on whose
behalf this contract is signed is
a corporation. In the alternative,
a certified corporate resolution
attesting to the signatory
authority of the individuals
signing in their respective
capaci ties is acceptable).
t
\
Ii n
11 L
\
) .:
CERTIFICATE OF ACKNOWLEDGMENT
(Civil Code 1189)
STATE OF f"AUfOlUJI er
COUNTY OF ~1WrA· itIt1eA ss.
On MA'i? ,2001, before me, the undersigned, a
Notary Public in and for said County and State, personally
appeared fAtlUS1f) PIf6R 13WU;
personally known to me or proved to me on the basis of
satisfactory evidence to be· the person C'() whose name ()O is/aXe
subscribed to the within instrument and acknowledged to me that
he/~e/th~y executed the same . in his/h)'r/th1(ir authorized
capacity (i~), and· that by his/h~/t~ir signature (Xl on the
instrument the person rt), or the entity upon behalf of which the
person(~ acted, executed the instrument.
WITNESS my hand and official seal.
Co
8
010427 syn 0090828
.' f ~ i'
\ )
CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
.1
. . ---
State of California }
~C':......:cA...:...:.."_-rl---:..------",~~~___ 55. County of ~ f'J I 'f\ ~
On MAY 1, rlOO/ ,before me, . toM-tn L 11l.NO'flrf?l1 PWBLIC.,
Date . . Name and TItle 01 Ofticer te.g., • Jane Doe, Notary Public")
personally appeared _---!..R--O_ .... lJfe.o<...::....::..>:.T.L...-__ S--'-If,L.· -=FJ)~ ../lIrlJ~~ }!".I1:,...·-:-:-________ _ =-.!.~ner(s)
~ • iii-h·t .,5 rii ., cI!! w a ·W • ~ ROMEO C. LUZ I
-Commission * 1250CS7 ~. Nottry.PubIIc -caDfamIa f j Santa CIaa Ccudr -
• • C .• -.?:"!~~tt~1
••. ;. Place Notary Seal Above
o personally known to me
g\ proved to me on the basis of satisfactory
(evidence
to be the person~ whosename(~ is/~
subscribed to the Wi~h' 'nstrument and
acknowledged to me tha ~/~Y execu. ted
the same in hislli r/t~ir. authorized
capacity(~), and that by his/h~/th~
signature('1\ on the instrument the person'~, or
the entity upon behalf of which the perso~)
acted, executed the instrument.
al.
--~-----------------opnONAL
Though the information below is not required by law. it may prove valuable to persons relying on the document
. and could prevent fraudulent removal and reattachment of this form to another document.
____ ~~~~~~~----------------NumberofPages:----~~------
Signer(s) Other Than Named Above: _____________________ _
Capacity(ies) Claimed by Signer
Signer's Name: /2.(} ~ElX .:s.f{el?l/tt12
C Individual ~ Corporate Officer -Title(s): :fR..1?7t-S.LlW"P
b" Partner -0 Limited 0 General
o Attorney in Fact o Trustee o Guardian or Conservator o Other: _____ ~ __________________ __
RlGIiTTHUMBPRINT
OFSIGNER .
Tep of thumb here
Signer Is Representing: _____________________________________ L..-______ -'
e 1999 National NOIBryAssocla'ion· 9350 De SOlO Ave., P.O. Box 2402· Chatsworth, CA 91313-2402· www.nationalnotary.org Prod. No. 5907 Reorder: can 'on·Free 1·800-B76-6827
) ., .
,.
/