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HomeMy WebLinkAboutFY 17-18 - LMIHA Fund Rpt - SB341 PALM DESERT HOUSING AUTHORITY STAFF REPORT MEETING DATE: January 10, 2019 SUBMITTED BY: Veronica Tapia, Senior Management Analyst REQUEST: RECEIVE AND FILE THE ANNUAL LOW AND MODERATE INCOME HOUSING ASSET FUND REPORT RELATIVE TO SB341 Recommendation Receive and file the annual Low and Moderate Income Housing Asset Fund report relative to SB341 for the 2017-2018 fiscal year. Discussion SB 341 provides that as the housing successor, the Palm Desert Housing Authority must conduct and provide to its governing body, an independent financial audit and annual report relative to the Low and Moderate Income Housing Asset Fund ("LMIHAF") within six months after the end of each fiscal year. Such audit may be included in the independent financial audit of the city. The audit and annual report must also be posted on the housing successor's website. The attached annual report provides the information as required pursuant to SB 341. The report has been reviewed and verified by the City's auditors, with the LMIHAF included as a major fund in the City's Financial Report. The reviewed SB 341 annual report is now being presented to the Housing Authority Board to receive and file. Fiscal Analysis There is no impact to the General Fund. LEGAL REVIEW DEPT. REVIEW FINANCIAL REVIEW CITY MANAGER Reviewed by RWG Robert W. Hargreavest Moore Moore Lauri Aylaian City Attorney ; ector of Finance Director of Finance.CCI�L' ��Exeecutive Director99ihHy LEU13Y 6��AUS03 Aid ATTACHMENTS: SB 341 Report oN 01 - 10 -ZOI q VERIFIED BY: Original on Tile with City Clerk's Offic i 1(:-s a I J Ot.A-114-Pro, ILt�c L`f mESW)ort wgiort- N� .....J MODERATE INCOME HOUSING ASSET FUI - ANNUAL REPORT - 2017-2018 1) 2017-2018 SERAF DEPOSIT(A/R) - 5,248,322 5,248,322 2) 2017-2018 Deposits to LMIHAF Interest 422,980 Rents - ROPS Related Deposits - Loan Payoff's/Hovley Payment 45,748 Sales Proceeds - Total Deposits to LMIHAF 468,728 Less:Amounts Deposited Pursuant to ROPS Total Effective Deposits to LMIHAF 468,728 3) 2017-2018 LMIHAF Balance LMIHAF Cash Balance @ June30,2018 31,482,787 Less:Amounts Deposited for ROPS CY Less:Amounts Deposited for ROPS PY 14,682,634 Total Available Cash Balance 16,800,153 4) 2017-2018 LMIHAF Expenditures by Category a) Monitor/Preserve Affordability Covenants 550.00 b) Administrative Expenditures 9,076.19 c) Homeless Prevention - d) Development of Affordable Housing 30% - 50% 30,000.00 80% 50,000.00 100% - 120% • - 80,000.00 2017-18 Expenditures Related to Bonds 632,541.00 * Total Expenditures 722,167.19 5) Administrative Costs-Annual Cap Calculation 71,359,909 Statutory Value of Real Property (Asset List and 2014) 15,052,759 Statutory Value of Loans/Grants Receivable (Asset List thru 2C Plus: Real Property Purchased 80,000 Plus: New Loans Receivable - Less: Real Property Sales 45,748 Less: Loan Payoffs 86,538,416 Total Combined Value 0.05 5%Max 4,326,921 Max Annual Administrative Cost 6) Transfers Made to Other Housing Successors • N/A 12/20/2018 12:17 PM 341 Annual Report 2017-I8 8-31-18 _ 7) Property Tax Revenue Held for ROPS Related Projects $9,157,393 has been deposited from ROPS to be used for improvements related to requirements of Stipulated Judgment No.51124.$4,944,279 remains deposited pursuant to BPFA for ROPS Approved bond related expenditures. 8) a)Status of Vacant Property Acquired Prior to February 1, 2012 Vacant properties included on the Housing Asset List approved 8/13/12 by the DOF include: "Sagecrest II . An extension will be requested. b)Status of Vacant Property Acquired After February 1, 2012 N/A 9) Oustanding Obligations Related to Replacement/Inclusionsary/Production Requirements N/A 10) Compliance with Extremely Low Income Targeting(INCOME TEST) N/A 11) Breakdown of Deed Restricted Rental Units Developed last 10 Years. (SENIOR RENTAL HOUSING TEST) 14 Senior Rental Housing 21% 52 Multi FamilyRental Housing 79% 66 All Affordable Rental Housing 100% 12) Excess Surplus Calculation (EXCESS SURPLUS TEST) Unencumbered Amount 16,800,153 AggregateDeposit for Last_Four Years _ 16,735,765 Greater of Aggregate Deposited or$1,000,000 16,735,765 Base Limit', ..• 1,000,000 Computed Excess Surplus 64,388 Any amounts determined to be excess surplus will be budgeted-to preserve affordability covenants in the upcoming fiscal year. 13) Inventory of Homeownership Units Assembly Bill 1793 ("AB 1793") requires the annual reporting of any homeownership units assisted by the Housing Authority that require restrictions,covenants,or an adopted program that protects Housing Asset Fund monies. An inventory of these properties has been included as Appendix 1. •$632,541 is a bond related expenditure for deferred maint,but does preserve the current affordable housing stock "Tranfer of SARDA bond funds restricted for affordable housing projects. 12/20/2018 12:17 PM 341 Annual Report 2017-188-31-18 -IMEOWNERSHIP INVENTORY AS OF __ 6/30/2018 Appendix 1 286 Total BR - .ACQUISITION AFFORDABILITY COVENANT • • LOT ADDRESS SIZE DATE • PERIOD EXPIRATION SELF-HELP HOUSING PROGRAM: 189 73411 San Nicholas 4 1992 30 2022 228 73082 Catalina Way 3 1992 30 2022 90 73135 Santa Rosa Way 4 1992 30 2022 269 73439 Catalina Way 4 1992 30 2022 163 73085 San Nicholas 3 1992 30 2022 303 73110 Guadalupe 4 1992 30 2022 - 122 73342 San Nicholas 3 1992 30 2022 113 73435 Santa Rosa Way 4 1992 30 2022 145 73140 San Nicholas Ave 3 1992 30 2022 202 73400 Catalina Way 3 1992 30 2022 244 73115 Catalina Way 4 1992 30 2022 HOME IMPROVEMENT PROGRAM LOANS* 77270 Michigan Drive 2 2010 45 2055 77290 Michigan Drive 2 2009 45 2054 74210 Goleta Avenue 3 2011 45 2056 75316 Kelsey Circle 4 2009 45 2054 75376 Kelsey Circle North 3 2011 45 2056 72723 Beavertail Street 3 2011 45 2056 74451 DeAnza Way 3 2009 45 2054 *The formerAgency/Housing Successor granted funds to EL,VL,L homeowners for home improvements. A deed of trust is NOT recorded. Those grants are forgiven over a period of time and are not included in this list. HABITAT FOR HUMANITY 43101 Virginia Ave 4 2009 45 2054 73371 Catalina Way 4 2000 30 2030 74065 Goleta Ave 4 2010 45 2055 44180 Cercado Street 3 1994 30 2024 74490 Goleta Ave 4 2004 30 2034 43935 Buena Circle 4 1998 30 2028 74470 Goleta Ave 4 2004 30 2034 74016 El Cortez Way 4 2010 45 2055 74030 Goleta Ave 4 2002 30 2032 44879 San Benito Circle 3 2017 45 2062 44885 San Benito Circle 3 2017 45 2062 ACQUISITION,REHAB,RESALE: 42662 Rebecca Road 3 2000 30 2030 73386 Royal Palm 3 2002 30 2032 74047 San Marino 2 2006 30 2036 42740 Rebecca Road 3 2001 30 2031 73378 Royal Palm 3 1998 30 2028 PORTOLA PALMS: 126 43155 Portola Avenue 2 1994 30 2024 136 43155 Portola Avenue 2 1995 30 2025 8 43155 Portola Avenue 2 1994 30 2024 33 43155 Portola Avenue 2 1994 30 2024 62 43155 Portola Avenue 2 1996 30 2026 11 43155 Portola Avenue 2 1994 30 2024 137 43155 Portola Avenue 2 1995 30 2025 24 43155 Portola Avenue 2 1994 30 2024 135 43155 Portola Avenue 2 1994 30 2024 Page 1 25 43155 Portola Avenue 2 1996 30 2026 BR ACQUISITION . AFFORDABII COVENANT LOT ADDRESS SIZE DATE - PERIOD EXPIRATION • 34 43155 Portola Avenue 2 1994 30 2024 15 43155 Portola Avenue 2 1994 30 2024 DESERT ROSE: 1 75-379 SOUTH KELSEY CIRCLE 3 2002 30 2032 2 75-369 SOUTH KELSEY CIRCLE 3 1996 30 2026 3 75-367 SOUTH KELSEY CIRCLE 3 1996 30 2026 4 75-359 SOUTH KELSEY CIRCLE 3 1996 30 2026 5 75-357 sOUTH KELSEY CIRCLE 3 2009 30 2039 6 75-349 SOUTH KELSEY CIRCLE 3 2002 30 2032 7 75-347 SOUTH KELSEY CIRCLE 3 2000 30 2030 8 75-339 SOUTH KELSEY CIRCLE 3 2003 30 2033 9 75-337 SOUTH KELSEY CIRCLE 3 1996 30 2026 10 75-329 SOUTH KELSEY CIRCLE 3 1998 30 2028 11 43-940 ROCKROSE COURT 3 1996 30 2026 12 43-960 ROCKROSE COURT 4 1996 30 2026 13 43-980 ROCKROSE COURT 4 1996 30 2026 14 43-995 ROCKROSE COURT 4 1998 30 2028 15 43-975 ROCKROSE COURT 4 1996 30 2026 16 43-955 ROCKROSE COURT 3 1996 30 2026 18 43-915 ROCKROSE COURT 3 2004 30 2034 19 43-905 ROCKROSE COURT 3 1996 30 2026 20 75-319 SOUTH KELSEY CIRCLE 3 2002 30 2032 21 75-309 SOUTH KELSEY CIRCLE 3 2002 30 2032 22 75-307 SOUTH KELSEY CIRCLE 3 1997 30 2027. 23 75-299 SOUTH KELSEY CIRCLE 3 2009 30 2039 24 75-297 SOUTH KELSEY CIRCLE 3 2000 30 2030 25 75-294 NORTH KELSEY CIRCLE 3 2001 30 2031 26 75-296 NORTH KELSEY CIRCLE 3 1996 30 2026 27 75-304 NORTH KELSEY CIRCLE 4 2015 30 2045 28 75-306 NORTH KELSEY CIRCLE 4 1997 30 2027 29 75-314 NORTH KELSEY CIRCLE 4 1997 30 2027 30 75-316 NORTH KELSEY CIRCLE 4 1996 30 2026 31 75-326 NORTH KELSEY CIRCLE 3 2014 30 2044 32 43-795 KELSEY COURT 3 2005 30 2035 33 43-775 KELSEY COURT 4 2004 30 2034 34 73-755 KELSEY COURT 4 2016 30 2046 35 43-735 KELSEY COURT 4 1996 30 2026 36 43-715 KELSEY COURT 3 2003 30 2033 37 43-705 KELSEY COURT 3 2018 30 2048 38 43-685 KELSEY COURT 4 2006 30 2036 39 43-675 KELSEY COURT 4 1997 30 2027 40 43-680 KELSEY COURT 4 2005 30 2035 41 43-690 KELSEY COURT 4 2007 30 2037 42 43-710 KELSEY COURT 4 2015 45 2060 43 43-720 KELSEY COURT 4 2001 30 2031 44 43-740 KELSEY COURT 4 2003 30 2033 45 43-760 KELSEY COURT 4 1998 30 2028 46 43-780 KELSEY COURT 3 1999 30 2029 47 75-334 NORTH KELSEY CIRCLE 3 1997 30 2027 48 75-344 NORTH KELSEY CIRCLE 4 1997 30 2027 49 75-346 NORTH KELSEY CIRCLE 4 1997 30 2027 50 75-354 NORTH KELSEY CIRCLE 4 1997 30 2027 51 75-356 NORTH KELSEY CIRCLE 4 1998 30 2028 52 75-364 NORTH KELSEY CIRCLE 3 1997 30 2027 53 75-366 NORTH KELSEY CIRCLE 3 1997 30 2027 55 75-376 NORTH KELSEY CIRCLE 3 1997 30 2027 56 75-406 WILDFLOWER LANE 3 1997 30 2027 Page 2 57 75-414 WILDFLOWER LANE 3 2004 30 2034 BR ACQUISITION AFFORDABIL COVENANT LOT ADDRESS SIZE DATE PERIOD EXPIRATION 59 75-424 WILDFLOWER LANE 3 2007 30 2037 60 75-426 WILDFLOWER LANE 3 1998 30 2028 62 75-436 WILDFLOWER LANE 3 2016 30 2046 63 75-444 WILDFLOWER LANE 3 1997 30 2027 64 75-446 WILDFLOWER LANE 3 2008 30 2038 65 75-454 WILDFLOWER LANE 3 2006 30 2036 66 75-456 WILDFLOWER LAND 3 1997 30 2027 67 75-464 WILDFLOWER LANE 3 2009 30 2039 68 75-466 WILDFLOWER LANE 3 1997 30 2027 69 75-474 WILDFLOWER LANE 3 1997 30 2027 70 75-476 WILDFLOWER LANE 3 2012 30 2042 71 43-820 BLUEBERRY LANE 4 2015 30 2045 72 43-840 BLUEBERRY LANE 4 2013 45 2058 73 43-860 BLUEBERRY LANE 3 2006 30 2036 74 43-880 BLUEBERRY LANE 3 2008 30 2038 75 43-910 BLUEBERRY LANE 3 1998 30 2028 76 43-920 BLUEBERRY LANE 4 1997 30 2027 77 43-930 BLUEBERRY LANE 4 2014 45 2059 78 43-940 BLUEBERRY LANE 4 1998 30 2028 79 43-960 BLUEBERRY LANE 3 2005 30 2035 80 43-980 BLUEBERRY LANE 3 2010 45 2055 82 75-485 ORANGE BLOSSOM LANE 3 1997 30 2027 83 75-475 ORANGE BLOSSOM LANE 3 2014 30 2044 84 75-473 ORANGE BLOSSOM LANE 3 2015 30 2045 85 75-465 ORANGE BLOSSOM LANE 3 1997 30 2027 86 75-463 ORANGE BLOSSOM LANE 3 2004 30 2034 87 43-925 BLUEBERRY LANE 3 1997 30 2027 88 75-464 ORANGE BLOSSOM LANE 3 2016 30 2046 89 75-456 ORANGE BLOSSOM LANE 3 1997 30 2027 90 75-454 ORANGE BLOSSOM LANE 3 2006 30 2036 91 75-446 ORANGE BLOSSOM LANE 3 2003 30 2033 92 75-444 ORANGE BLOSSOM LANE 3 2000 30 2030 93 75-436 ORANGE BLOSSOM LANE 3 2006 30 2036 94 75-434 ORNAGE BLOSSOM LANE 3 1998 30 2028 95 75-426 ORANGE BLOSSOM LANE 4 1998 30 2028 96 75-424 ORANGE BLOSSOM LANE 4 2002 30 2032 97 75-416 ORANGE BLOSSOM LANE 4 2005 30 2035 • 98 75-414 ORANGE BLOSSOM LANE 4 1998 30 2028 99 75-406 ORANGE BLOSSOM LANE 3 2013 30 2043 100 43-880 YELLOW SAGE DRIVE 3 2005 30 2035 101 43-860 YELLOW SAGE DRIVE 4 1998 30 2028 102 43-850 YELLOW SAGE DRIVE 4 1997 30 2027 103 43-830 YELLOW SAGE DRIVE 3 2004 30 2034 104 43-820 YELLOW SAGE DRIVE 3 1997 30 2027 105 43-800 YELLOW SAGE DRIVE 3 2001 30 2031 106 75-405 WILDFLOWER LANE 3 2005 30 2035 107 75-423 WILDFLOWER LANE 4 1998 30 2028 108 75-425 WILDFLOWER LANE 4 2000 30 2030 109 75-433 WILDFLOWER LANE 3 1997 30 2027 110 75-435 WILDFLOWER LANE 3 2011 45 2056 111 75-443 WILDFLOWER LANE 3 1997 30 2027 112 75-445 WILDFLOWER LANE 3 1997 30 2027 113 75-453 WILDFLOWER LANE 3 1997 30 2027 114 75-455 WILDFLOWER LANE 3 2013 45 2058 115 75-463 WILDFLOWER LANE 3 1997 30 2027 116 75-465 WILDFLOWER LANE 3 1997 30 2027 118 75-475 WILDFLOWER LANE 3 2006 30 2036 119 43-905 BLUEBERRY LANE 3 2004 30 2034 Page 3 120 43-895 YELLOW SAGE DRIVE 3 1996 30 2026 BR ACQUISITION AFFORDABII COVENANT • LOT ADDRESS . SIZE DATE PERIOD EXPIRATION 121 75-370 SOUTH KELSEY CIRCLE 3 1996 30 2026 122 75-360 SOUTH KELSEY CIRCLE 3 1997 30 2027 123 75-358 SOUTH KELSEY CIRCLE 3 1996 30 2026 124 75-350 SOUTH KELSEY CIRCLE 3 1996 30 2026 125 75-348 SOUTH KELSEY CIRCLE 3 2005 30 2035 126 75-340 SOUTH KELSEY CIRCLE 3 2011 30 2041 127 75-338 SOUTH KELSEY CIRCLE 3 1996 30 2026 128 75-330 SOUTH KELSEY CIRCLE 3 1996 30 2026 129 75-328 SOUTH KELSEY CIRCLE 3 1996 30 2026 130 75-320 SOUTH KELSEY CIRCLE 3 1996 30 2026 131 75-318 SOUTH KELSEY CIRCLE 3 1998 30 2028 132 75-310 SOUTH KELSEY CIRCLE 3 1996 30 2026 133 75-308 SOUTH KELSEY CIRCLE 3 1997 30 2027 134 75-313 NORTH KELSEY CIRCLE 3 2012 30 2042 135 75-315 NORTH KELSEY CIRCLE 3 1997 30 2027 136 75-323 NORTH KELSEY CIRCLE 3 1996 30 2026 137 75-325 NORTH KELSEY CIRCLE 3 1997- 30 2027 138 75-333 NORTH KELSEY CIRCLE 3 2015 45 2060 139 75-335 NORTH KELSEY CIRCLE 3 1998 30 2028 140 75-343 NORTH KELSEY CIRCLE 3 1997 30 2027 141 75-345 NORTH KELSEY CIRCLE 3 1998 30 2028 142 75-353 NORTH KELSEY CIRCLE 3 2003 30 2033 143 75-355 NORTH KELSEY CIRCLE 3 1998 30 2028 144 75-363 NORTH KELSEY CIRCLE 3 1997 30 2027 145 75-365 NORTH KELSEY CIRCLE 3 1997 30 2027 146 43-815 YELLOW SAGE DRIVE 3 2013 30 2043 147 43-825 YELLOW SAGE DRIVE 3 2000 30 2030 148 75-360 YELLOW SAGE COURT 3 1996 30 2026 149 75-356 YELLOW SAGE COURT 3 2005 30 2035 150 75-354 YELLOW SAGE COURT 3 1996 30 2026 151 75-346 YELLOW SAGE COURT 3 1996 30 2026 152 75-344 YELLOW SAGE COURT 3 2003 30 2033 153 75-336 YELLOW SAGE COURT 3 2000 30 2030 154 75-334 YELLOW SAGE COURT 3 2006 30 2036 155 75-343 YELLOW SAGE COURT 3 1997 30 2027 156 75-345 YELLOW SAGE COURT 3 1996 30 2026 157 75-353 YELLOW SAGE COURT 3 1996 30 2026 158 75-355 YELLOW SAGE COURT 3 1996 30 2026 159 43-875 YELLOW SAGE DRIVE 3 1998 30 2028 160 43-865 YELLOW SAGE DRIVE 3 1997 30 2027 161 75-365 YELLOW SAGE COURT 3 2008 30 • 2038 FALCON CREST 1 42025 Hovley Gardens Drive 3 2008 45 2053 2 42035 Hovley Gardens Drive 4 2008 45 2053 3 42045 Hovley Gardens Drive 3 2008 45 2053 4 42055 Hovley Gardens Drive 3 2008 45 2053 5 42065 Hovley Gardens Drive 4 2015 45 2060 6 42075 Hovley Gardens Drive 4 2014 45 2059 7 42085 Hovley Gardens Drive 4 2008 45 2053 8 42095 Hovley Gardens Drive 3 2008 45 2053 11 74576 Falcon Lane 3 2008 45 2053 12 74562 Falcon Lane 3 2008 45 2053 13 74548 Falcon Lane 3 2007 45 2052 14 74534 Falcon Lane 3 2007 45 2052 15 74520 Falcon Lane 3 2007 45 2052 17 74492 Falcon Lane 3 2007 45 2052 18 74478 Falcon Lane 3 2013 45 2058 Page 4 19 74464 Falcon Lane 3 2007 45 2052 BR ACQUISITION AFFORDABII COVENANT LOT ADDRESS SIZE DATE' PERIOD EXPIRATION 20 74450 Falcon Lane 3 2008 45 2053 21 42050 Golden Eagle Lane 4 2015 45 2060 • 23 42078 Golden Eagle Lane 3 2007 45 2052 24 42092 Golden Eagle Lane 4 2007 45 2052 25 42106 Golden Eagle Lane 3 2007 45 2052 26 42120 Golden Eagle Lane 4 2007 45 2052 27 42134 Golden Eagle Lane 3 2008 45 2053 28 42148 Golden Eagle Lane 4 2008 45 2053 29 42162 Golden Eagle Lane 3 2007 45 2052 30 42176 Golden Eagle Lane 4 2007 45 2052 31 42190 Golden Eagle Lane 3 2014 45 2059 32 42204 Golden Eagle Lane 3 2015 45 2060 33 42218 Golden Eagle Lane 4 2007 45 2052 34 42232 Golden Eagle Lane 3 2007 45 2052 35 42246 Golden Eagle Lane 4 2007 45 2052 36 42253 Verdin Lane 3 2014 45 2059 37 42239 Verdin Lane 4 2015 45 2060 38 42225 Verdin Lane 3 2007 45 2052 39 42211 Verdin Lane 3 2007 45 2052 40 42197 Verdin Lane 4 2015 45 2060 41 42183 Verdin Lane 3 2007 45 2052 42 42169 Verdin Lane 4 2007 45 2052 43 42155 Verdin Lane 3 2007 45 2052 44 42141 Verdin Lane 3 2007 45 2052 45 42127 Verdin Lane 4 2007 45 2052 46 42113 Verdin Lane 3 2007 45 2052 47 42099 Verdin Lane 3 2008 45 2053 48 42085 Verdin Lane 4 2008 45 2053 49 42071 Verdin Lane 3 2014 45 2059 50 42057 Verdin Lane 3 2007 45 2052 51 42090 Hovley Gardens Drive 3 2007 45 2052 52 42100 Hovley Gardens Drive 3 2017 45 2062 54 42162 Verdin Lane 3 2007 45 2052 56 42190 Verdin Lane 3 2014 45 2059 57 42204 Verdin Lane 4 2016 45 2061 58 42218 Verdin Lane 3 2017 45 2062 59 74530 King Fisher Circle 3 2010 45 2055 60 74544 King Fisher Circle 3 2007 45 2052 61 74558 King Fisher Circle 4 2007 45 2052 62 74572 King Fisher Circle 3 2014 45 2059 63 74586 King Fisher Circle 3 2007 45 2052 64 74600 King Fisher Circle 4 2017 45 2062 65 74614 King Fisher Circle 3 2007 45 2052 66 74628 King Fisher Circle 3 2007 45 2052 67 42099 Verdin Lane 4 2015 45 2060 68 74656 King Fisher Circle 3 2007 45 2052 69 74670 King Fisher Circle • 3 2014 45 2059 70 74684 King Fisher Circle 4 2007 45 2052 71 74698 King Fisher Circle 3 2007 45 2052 72 74712 King Fisher Circle 3 2007 45 2052 73 74726 King Fisher Circle 3 2007 45 2052 75 74747 King Fisher Circle 3 2007 45 2052 76 74733 King Fisher Circle 3 2007 45 2052 79 74691 King Fisher Circle 4 2007 45 2052 80 74677 King Fisher Circle 3 • 2007 45 2052 81 74663 King Fisher Circle 3 2007 45 2052 82 74621 King Fisher Circle 3 2007 45 2052 83 74607 King Fisher Circle 3 2007 45 2052 Page 5 84 74593 King Fisher Circle 3 2007 45 2052 BR ACQUISITION AFFORDABII COVENANT LOT ADDRESS SIZE DATE PERIOD EXPIRATION 85 74579 King Fisher Circle 3 2007 45 2052 86 74565 King Fisher Circle 3 2007 45 2052 87 74551 King Fisher Circle 3 2007 45 2052 88 74537 King Fisher Circle 4 2013 45 2058 89 74523 King Fisher Circle 3 2007 45 2052 90 74509 King Fisher Circle 3 2007 45 2052 91 74495 King Fisher Circle 3 2008 45 2053 92 74481 King Fisher Circle 3 2007 45 2052 93 74453 King Fisher Circle 3 2007 45 2052 94 74481 King Fisher Circle 3 2007 45 2052 Page 6