Loading...
HomeMy WebLinkAbout23669 RESOLUTION NO. 23669 A RESOLUTION OF CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS CAPACITY AS SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATIONS PAYMENT SCHEDULE (ROPS 14-15B) FOR THE PERIOD OF JANUARY 1, 2015, THROUGH JUNE 30, 2015, PURSUANT TO SECTION 34169(g)(1) OF THE CALIFORNIA HEALTH & SAFETY CODE. WHEREAS, the City Council of the City of Palm Springs ("Council') and the Agency Board of the Palm Springs Community Redevelopment Agency ("Agency") approved and adopted the Amended and Restated Redevelopment Plans for the Merged Project Areas No. 1 and No. 2 ('Redevelopment Plan") covering properties within the Agency (the "Project Areas"); and WHEREAS, since the dates of adoption of the Redevelopment Plan, the Agency undertook redevelopment projects in the Project Area to eliminate blight, to improve public facilities and infrastructure, to renovate and construct affordable housing, and to enter into partnerships with private industries to create jobs and expand the local economy; and WHEREAS, as part of the 2011-12 State budget bill, the California Legislature enacted and the Governor signed AB X1 26, requiring that each redevelopment agency be dissolved unless the community that created it enacts a resolution committing it to making certain payments; and WHEREAS, on December 29, 2011, the California Supreme Court upheld AB X1 26, which dissolves all of the redevelopment agencies in the State of California, and struck down AB1X 27; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Palm Springs, acting solely in its capacity as the Successor Agency of the Community Redevelopment Agency of the City of Palm Springs, does resolve as follows: SECTION 1. The Recitals set forth above are true and correct and incorporated herein by reference. SECTION 2. The Recognized Obligation Payment Schedule (ROPS 14-15 B) for the period of January 1, 2015 through June 30, 2015, attached to this Resolution as Exhibit A, is hereby approved. SECTION 3. The City Manager or designee is authorized to take all actions necessary to implement this Resolution, including without limitation, the posting of this Resolution No. 23669 Page 2 Resolution and the Recognized Obligation Payment Schedule on the Successor Agency's website, provide notice of adoption of this Resolution and such Schedule to the County Auditor-Controller, the State Controller and the State Department of Finance. SECTION 4. In retaining the responsibilities of the Palm Springs Community Redevelopment Agency as provided in California Health and Safety Code Sections 34173 and 34176, the City Council expressly determines, reaffirms, and ratifies the statutory limitation on the City and the City Council's liability in retaining the responsibilities of the Palm Springs Community Redevelopment Agency pursuant to AB 1X 26. Nothing in this Resolution shall be construed as a commitment, obligation, or debt of the City or any resources, funds, or assets of the City to fund the City's service as the Successor Agency to the Palm Springs Community Redevelopment Agency as provided in this Resolution. SECTION 5. This Resolution shall take effect three days from adoption. PASSED, APPROVED, AND ADOPTED BY THE PALM SPRINGS CITY COUNCIL, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, THIS 17T" DAY OF SEPTEMBER, 2014. David H. Ready, City ATTEST: /mimes Thompson, City Clerk Resolution No. 23669 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 23669 is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs on September 17, 2014, by the following vote: AYES: Councilmember Foat, Councilmember Lewin, Councilmember Mills, Mayor Pro Tern Hutcheson, and Mayor Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. dames Thompson, City Clerk City of Palm Springs, California Recognized Obligation Payment Schedule CROPS 14-15B)-Summary Filed for the January 1,2015 through June 30,2015 Period Name of Successor Agency: Palmsprings Name of County: Riverside '— Current Period Ro uestad Fondling for OutstandingDebt or Obligation Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF)Funding six-Month Total A Sources(a.C.Dy B Bond Proceeds Funding CROPS Detail) E 39,972 C Reserve Balance Funding(ROPS Detail) O Other Funding CROPS Dotal) 5,800 34,172 E Enforceable Obligations Funded with RPTTF Funding(F.0): j $ 3,268,941 F Nan-Adminisoatrva Costs CROPS Detail) , G Adminisuativa Costs CROPS Detail) 3 133,941 � H Current Period Enforceable Obligations(A.E): 12 5,000 f_ 3.29_ 8,913 Success or Agency Self-Reported Prior Period Atli tment b Current Period RPTTF RaquostedFundinq I Enfomesblo Obligationsfunded wlih RPTTF(E): 3,258,941 J Less Prior Period AdJustrnent(Report of Prior Pedotl Adjustments Column S) ,409j K Adjusted Current Perod RPTTF Requested Funding pJ) ' $ 3,20101,632 Counly Auditor Controller Reported Prior Period AdJlpttryptb Current Period RPTTF Rul ested Funding L Enforceabe OWliatons funded with RPTTF(E) 3.258.941 M Less Prior Penad Ad;ustment(Report of Prior Period Adjustments Column AA) _ N Adjusted Current Period RPTTF Requested Funding,(L.M) 3,258,941 Certifxstlon of Oversight Board Chairman'. Thomas Flavin, O. B. Chair Pursuant to Section 34177(m)of the Health end Safety cede, hereby rertty that tie above is a true and accurate Rode,I Name Title Obligation Payment Schedule for the above named agenry nlzed. y 09/23/2014 Signature Data Recegehed O141901e11,Papnent Schedule)BOPS 14-166)-ROPS Defall JBII 1,MIS through June 30,2019 P II Mrmnp'm Wlde DO.) A v C D E - p e N 1 J X C N N D P Wmf atl NameldNOW alien Oa tloni gnemvn aa MervRa6ay.bpme p eey u Malq TniNslFw{ Ceelu mvrlConFssti left" ycluen Dvro OUNtndimyD.M RPTTi Ruem Dxv WnM'ae Me er—.1 N1 Rmhei Born Pry 8blem. NWrw Derarfunda MemM IemM Re 116515 N5 JIonT TRA,Bo UOn RON M i T Ba B30 9{ M )1# W6 ] 5 1) 2]W]Tea lleeMYn Benas,sMw BonM kawaMy Sll Mlpti W1R0]1 U9 Sent Dl 011 Ball. Psfwe121J11 D Mm0atl1 }I.]9d,100 N ]OyA1 WOAD a at0]T.aaeM Tex Muvfim BorA,Bwa>Iuuee Onw vIN1W) 9rylp.H uS BnY SanxB SERA p1 0 Pr°PIT/A°qulapa^ Mageat SM1,032 N Fa,Wi 'A,Ni f PERAF Lwu yEMF.ERgF 10 NJWN3] Sa<oJl Bpliy HouXp Leana Mr FY y0pN10 ana 201IX11 wvvu ER}F Pa nY ry{1 qre 1 {.p56,6]9 N L` pe 6SRPo) 1111(tOJ1 I,-.d CXy31P IntS IF �• .,@`p `F��1i. . 4 r r%fq- iM, Cn torx ofBe Da%n G1rl'.nb LanvaMon Mrt0aE1 1))Dp OW N 650pW 850.p00 1Z8 D F-aPa ]C Yeq svneo-fbanWl F.- N221161D piIDr2e.9 Hmd a Idlem l Dondl Chu ue -R r Mer9cel ]O.oW bei u a ry I.FfV 1.pW B GenYat3WuaabW iwa 1/1p10 6IJWN15 N ha FMm4 al,ow Ma NYaEwr pW lBenb Repel¢Cuslltinp Meryetlt 15,pW N 9 Ema Tnsleefm. ylypp{ IIMMU seek eINaeYek Hahn, MCI Bvrtle Nabe Feav Megeel tNAp M Il OMpo>tlen entl D Trueevdapnienl Pq.WAtegpue6121r•Np> 91111p23 Entire lmuplYµa Flmnu.l AwNWw 110 Yur) Nayetll M 12 Qnxr PalYdpNn Apaamnl Bwbeve UluMMe 1I1flR00O f3g2p1E PMden F"vrwjal N>M14we A manM Nerpgl ,000 3W.OW 2W.000 IS a'—TLN JW enl W fon 1DW2012 ]Ma/2011 PadfeHm J "I'll ae pelnlpry0 Cwl Mer 1 112W{Tex Pbu[an ReMYtp BarMalaawe p,q yyM2W{ yl1(10]I G.O. —YeMMO— ReFeaw Is Te[Alscelen BwiR MogNt y Bank 6MpD Belwel 1110 irmt -_ 162W>TvaW Taa lbLelm Bervy,Borgalawtlpiw Wl&2Wl 911rzJ]l ...ell—Yqk Mdon pmp 6eneeC Bekre lROl/te Tnrtl P rty A WMbn Ma0ea3 10511,5DF N 185,211 165$11 16 meN kr Relrcbunemml mill...... 12J&10Cg BAOrzO.T] C 01, n9 Ix p6L-2M Lea>o M<r d2 )Dp1516 N 60.ppu 1 as 18f n4ee 5ery ens Fnn uvl f.. 912mol. &]0.3019 lard 6 CWnynry C Me Wd2fUs Dldmue Ratrp Neryaa2 Mao -,YN _ W 19CMeC8mYea-p pye GV11010 6 VAdW Filar. 2 BT- M Bx.IM Mypa6Rah CareNMO Mey<a2 Y 1.10D 20 here Vale.Fen Fr 611 Sardaee BI200! rim.'J Bank 9 re.Y.Neon NaW 3 GI TrWee Fq Wirea2 100 0 N 2120011baeY.I. be, MIWO BolMe gawtlp.w ]/l1Jmo1 1 _ MRVl1 Daµ0Nee Ypk M.Mn Rena—19Y1 HowYq Ta. MagWll Mega02 Y WIll)1 0 - ]2CeneagOarMea-FbvAY Few 9/Iy2p10 fil),,on, H-44ceNpeny How O BeMe D4>paure non', Megedll Megea2 V 21 tl I30f m - Feu 6NR010 OA15 an FhvnYY Secm HewMSBmM eY Loneupbp MNp.tlll M.ryed2 V M BanG iNatn iwe Fer 81y6200a "nalIN Bsk 0 Nee YOIk MCYu Wyµp BnrJ Truelve F. MmpillIMe5.d2 Y 6 CaN2cl6m.k e.pydk rrb Cub I(NN10 MWMr16 Trua1 - 26COWa S Y Le lwrlca SeFBLn v allspyic.a M /Me 2 pppp B e0W 1 L1005 (5016 NbeduB mdln penyY YCarme Mx all Yv 2 1 000 P e 3)LwNran Swvku-FFanAI gdnJn Co.6 il1VJ005 0g012M9 HenNdCvnparry RO09--Mcp "Ma"NVF.ef 1W, N !AW PMwwa I.CW RetagRlaW OhllgagOn Payment SOhaduk(ROPE 1A•18B)•ROPS Oetall January 1,"IS through June]0,2015 Queen An rebb Mo.oelanl R 9 C g E F O N R M N O p FUMM Adnv NrvPRed.wMiwRnt i Val,"Tv.Tnrst Pura CmImcVA9memml CenlrgtlApnempl Tepl / x•nJt R F NxnY p •q Nem</pe6tO vXpn O 'vM.T o EXNUHan OaY Tm NMW OLa Pe GeYYnCInS Oath Remove dT Lewa'S,deex ggrcem<M Busimwlr,.MNa Imau 00 913M1016 NP vmbn ONc at8co a Pro [Arta orOW ellan Retired pbN Other Forda NM-AMlln AOnN Su-Moats Totd ap�b P P.r Y Ley Nerye0l y 9]pglNMabaWe Coe[Nwgnce Adni'n CwY 7/1R➢14 f5pR015 al Pelm.S 01eed Co•IMmyioNSNviee MIMu M} 6pLU 000 N w 3k0 -35 AprNNxMYacRaIbEY mM ' `CtlYIDo fy emr: 10116/IBY1 r1111203) CIry oIP In 627 11 9Pdrms ]PrgeCCwb AbryNl {f],W N •3 �< - ^.�Le.9 v N gypmmtlm ReimWrsemen Ca1CoI WeN FM 1y muy Loan 10/14tW1 111:RUN :.Itte1P4 SPmos Prgecl Coe4 or 0eWd62] WNMMe Fmd r1•d2 fl],5Y N >]Apxment lm RelmEurwmeM CIIylCamh'Loalm ell. 11r120]5 CI[y M Padn SPdnd PrcfeMCoab Mnryed} 100.0 N-on Icro Mml '� wulexW, und. M ElyL<m and"Intvrnt ` 1 CIDVCe flL arR YIfp011 1It 2U)9 My.f Pa4n 9prinp Opttaeq end gdnlnlrtanre Cosb N,erYN1 CN r emore 62O 1 FaF 1-II 1,SSI313 N Clh'LaN and lnbnal Oy/CRak5a B211 YIWg11 11/tE016 Clry a!PeM 8PMP Op.%,,..d Adnln,4..CxY MerY<02 IW,150 N e0 C0Y an ane lnte ni C1ylCo r lv Lov d w1 SR011 Fm 2011,12 - OawB•be I1 11,12.11 C0.Y a1 P•un 9pnrp5 OpereN,Y and Aamm Saalrve COS•a Mo,UMliMorYd3 1111.112 N ll beemvnl l>Relmpvaement Cly/CouMy barn 1 11/12035 C f Fa FY}010.1 OnwB. Nt po PNm Sglrga Pre•Y Peden NPS.2M Ine,pN] t—W N I22WI TU PYoukn ue0o., R.. Done£a YfY}001 YI2031 o1Nvx YryoMeMaPm galnerrce 1884 Tq Nawllm Bdn@ MerpeEl Y k•A T 42M Tax o-"YrIft Seee ARealae YNa2COJ YI2UN FeM d.New York MNpn GpIvIProJecY Malgdl bSA1 H rual sWAt] a0p,a15 M 200J Tmabb Tm NacNlm RNd•.ftetala W1 07 WIM34 9a4NN•sy Yeh MNon prapMty ay{rANYp Mer1N1 6{,µ] N sere B Tiun u,N1 .wf ♦620W TBX OAemdm ReMalp RaaeWe YIa2001 an", B•rkdxew Ymkkltlm ReYiyq lOPl Tv Neeylpn 00nCs Mer9tl3 y IB B]0th]T gBate TBN Oi•nd 7 Bgk orxgeYmk Nok I wcpwT/ga{Maiiion IMretl] gone.C True ]bl W,}11 5{0�11 172WI H&mo T,oNwvWrBeth• Reaanea ]131RW1 Y12021 BN,oIIkw YqF LRIon ReMurcelFPl HwdYp Tq Mer0N11Mspetl3 Y, tiu le pnvem,apery Ta-COM16 BONe My%oyprq• I1RGI] BgO201P Cwnry NRiwalJe %opmry igeam Ay,vy Naltl lath MUYNI 12,800 N 1{8%eWT - M PAP-W MNalm<e 1,eW v-Cerk4BOHa Rwarvea ]N 201f 6I)013015 Cenry eRMwW R..me Nr N•al lnaWdraMol MerPNI 1.N0 N 1.IM % % Tm-11Om46 I.IW SO PtWeM Tm.PBL 2M Prope}r %o0<eb T/1lNI) 61lMOlJ CwnlYo. %w"Tgecw%r 'UMm .,va2 N }31. N IA00 {fig )1 Rceedy Tm.PBL 1]8 PBLIZMLew•-Ci tMveii.opmp Reae1.. ]NJNII 6nQ201s corn7ol RwwNde R.ew.ar n.tl lotbumentW "W2 1.<W N 52 R.I.TI,..-Inmr.rc. w •b {.IW wa</ )112O11 a/]lV}O15 Cky el PeM Spnnpe I.aure eon AYencylldd Pr Ry M•pol M,WO N M ar,tt I Me u I2.W0 53 R.I.lNe Nye-Ma:n!ena,w wopetY )II2011 G3p2019 Cky of Palm 3NXipa NwYwrde CgYMPan%Htld Myxdt 11,W] so rur.r. am 58%aze TrealmVWM. %sets JII2011 enp'}O15 neex,wYe YiaR<AeargFNW any 6 t. N MOW... pw PMp ; 57MeR.Ilne.nnmtLn.< %W" JfeO O3 S(a1(Mte own lo,.l. s-eyaWNPparq•MIMee{b Msyadl KM N Mane.— Theeke .N Mr.. {Jro Rec"nlzee Obliyath"Feyment gcu.etlule(ROPH%16B)-ROPB Datal January 1,2016 Mriugh June DD,2D75 (0.evort Mwu+Rm V.mcN Oa.., R R c o B F 8 x K M N O p FW BwaNY Non•RM e W bpnun!ProgNy TR Twl Fuq CWgWRylwnwn]Con4aNAarvemoM To1M oIr11IRf RPTTf MOi hP ct Nvnel C•b 01 GMT Ohl' YN�T • E..Uhn pNe Tenlnlatbn On. p• pests I., em p nuMWgYp pMl Rucm •cTRrx O IhM Reline Bo dPlxwd a bNlpe om c- ,,.q mw p t,� Funds N dtlmin q MAIMm TaYI - N1 A. 0.0P 1}pY ...-59 Gvn]+ry L+an ePvaT Bale CLyCeunty Loanv II/JO1201.1 1$I]I.TOtS Cly of ialn])flfB� C n 0ov a�l0pu�peae nl IAveetll y bZ1111 a B TYeM� ,QO fell aOW Lwn10r PNPGo1rykYOn Cl/IGoynH;on• ]/flNlf 1L]IROf1 CRy olPYm ep Ynpy LMgErsic•Io pry PW CpsYIaM Yveetll N RNrtpunYga CWN nlxPad2 - Y Nb{tlYMWe ]/1(1p1{ MO/pt dH of paM Bplin v $gttC Y MpnpanaM NnpplR,lerysl2 ], ].� end rnmpbedl,Mlle.nanntlM of ,]69 93101{BupaMYe Tax llaulion Reag Bale ylpr(pl{ aryMpa{ l)88mk RAA—,1eelA and 200{8mb Ma AAx f13 9ediMrY•d2 YJ.]e) M UO]>9 ]a0,2je e]Con4w18eMeee- My ias py(Jp10 6]]0(J019 HxnY a Co mpary 304 Belle yn 6np Malpedl ]eA00 N 1. 1,Spp 6l CONna SeMln.Rebya Faw el1]]p10 6/]02p15 aOen FMwMeI3arNrae 3011 Benda gepeM CwleWeny NereH1 10 Mlun % A08 N 66 BOMi lee Fvu Few YI R4]I{ 9/1ROH U9Bank 1{PMe Tm•Ix Feee Mm 1 180 C00 N 66$01{9ubntlavN Taa PIm•Yn Rwmw vli(J01{ 8/1(lli]{ U9 BenL R•FnTpa12001 an0300{Bmtla MxBvdlRAeryd] {16,Ief N {laaal {leael 8)LWXFCpRp men y )l1rzol{11--14 1 .fP Flan Tmvler brt ar @ MIW MR Mu 42 1 1$ N 6t pAvarte fawn lle GN kr Caeb inPrW a CYY o1 pYm 8pMP aGW.'MWWXn M1ee.nuts 1 1n n Bottle BlidFY E44nc xeN4NY MCLemell[e aLmYvm MWIY OMhF bnaer olal 32.00o N 23A00 tam W cel ovl he.rM X I•aawgNd bt 70 8Y )111 N N ]3 N A N >3 ry 77 Te N ]9 N N B x )8 N W el N e3 N 93 N e N a N 66 N e] Ba N N ou N 91 N a3 N 8] w x Po x x j. Reengnlzed Obligation Payment Schedule 4ROPg 14.1513).Report of Cash ealemoe Pursuant to Health and Sa (Repot Amaade n Wllala PM.re) frty[atle sactlon 34177(I),Redeyelepmem property Trust Fund(RPTTF)may be listed as a a0urce of payment on the RODS,best only to the satat no other funding source Is Wadable or sawrodiwhen Xesch from Drolxrty[ax rewmun is required byan enforceable obligation. For tips on tow to complete then h a D sport of Cash BPGnres Form,ore A B C 0 ! F G X 1 Fonda rose Bond Prowads .Mae.Berms VnA Rw MarmotFI. g period edamea Bootle hued Buda Weretl and OOR RPTTFas NeaFAdmin onorbdws an matter brnnea an Cash iiarrlw lnlernwtlon ROPE PMod 1N31nG 01/0/n1 ndarad Nhlre s Immet,lee. Admin 1 Y1N Asbor 01/01n4-0M3W11 Commemr 1 Bearninp Available cwR BWo,.(Amue101101114) x RewnoeAme.factrele3noMq 20a,751 d 'vss 245.STf RPTTF amount stood as to the ROps 111413 drbiNgon from Me County kahor4crkorr Mop Jnuary NU Col E 4JAIHF COR Amount Rerydres Fax by ncs 3 EaperWrres for ROFS IM48 Eff—br Obllaglom(Ad" 3.SB8 14e71138 40.25e / 02549 ran,Ion shout hew been E1,407,,,) OWM41 F? R Mwrft M qua M.Itasd equalbrl ieponed atlas expmldlbgsa An tlw Report of PPA,Columns L erld Q Col E-WIHF OCR Amaral Paid(ovwpsd by e Rarneon efAvabble Cale Mlnw(Aehlal 44l 1 000 47M 2743035 :Ccl G 4reeludea$7,340AR Mom 1314A WI7F amount relented amid only nnooe Dee amount.so ou eo Wr Cd C-Bale Reearw Fwd and Re-w r data.oMoe easmw(S)approved In ROPS IS-140 P1*4 Fends;Col[1-Retarsn of other lnmnte S 12 5p bfund lFt TA Una 80;Co1 tL35,800 eaaawd 6 ROP81pAN WTfFPHorhdod AdJenbnare 25000 1d01 for Pm TA for Ceht Saunas RPTTF Rupert of(PP0.Coqumt5 Punt Iu tle bMa eserepated ROM 131411 PPA In the 110 erltij rcyulretl e mono Aa Awirbr ti.ltMhnw - 5]408 Cbd=f1 et4.ef,X•(4t x:3-4-q - - t 17 1 172 a16 677 ROP811ASA EWman, 5TAHM4-f2131n4 7 ,...ep AvnlmdaGMBbrnw(AMY107R1n41. . (G,D,E.6•Yea.P•X4♦F4aPli arttlX•6.e e) 3M2,70 a Revaxrelncarrre(BIImW 12131nQ t2172 1Mx0lg 371n 7 911E RPTTF amnesties should ge to tee ROPS 14-ISA dr00utln ban the Co A d Jeuw 2014 9 Eapsrtdlhrres for ROPg 141W Enfareeapr O60paftana flsem.ls 1,150.799 1 Mn4) Cd 0-=1 and 20M Band Raaarw. Trenefmled to Refunding Eaaow;Cd G•14.15A 10 on efAv— a CAM... 173419 1 M 25 f4 316 Qm all r be arose here Cars,Funo, (EWthe 11xGfnq RPTTFamouMem(ala noon Why lnduds0n ampum dlehldeiledKK debt eervke ram.al apPrawdln ROPE 141SA 1211 131 a-0-t0) noon time for lAIIHF boat O 11 En�Iq EeMmra Aralrbb Caeh draw fle 1 a.u1 � � -ei A m iAii dp i Recognized Obligation Payment Schedule(ROPS 14.1613)-Notes January 1,2015 Oacu h June 30.2016 Ham i Notm/Commanb 25-27 OIMr ncome Wooed to fund ttane Indudes rental income('d AQwrY based propeq Is not disixised oA and interest Income 60 Other Inm natea In 14-15A to M this line ikm,reserving Tunas on hand for thie payment 67 The COy transferred$1,600,000 to tl1e SA and SA paid$1,5�,000 to the CAC for the LMIHF DDR balance;Finance Letter of D rour ecember 93,2012 Only required $1,487,826 ged up to S1.5M in the text of Ore Hoer);Excess should be reimbursed to the SA for reimbursement to the C fty 68 80 Year old SA-Oanad wwong has unsafe aluminum vMng and is in darrgm of an aladricm fire.It Is occupled by a tenant(Cork R Bottle). The-City A loan funds to Um SA to pay for Ore reeldn to be re aid in 14-168