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Ordinance Extending Deadlines for <br />Debt Incurred in Three Redevelopment <br />Project Areas <br />January 5, 2004 <br />Page 2 <br /> <br />area was adopted in 1987 and therefore can continue to incur debt until <br />2009 without amendment. <br /> <br />FISCAL IMPACT <br /> <br />The projected net present value of pass <br />remaining term of the three project areas is <br />the amendment. <br /> <br />through payments over the <br />$16,210,000 as a result of <br /> <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br />~ohn P. Reekstin// <br />Executive Director <br /> Community Development Agency <br /> <br />%~od R. Coloma <br /> Executive Director <br /> Finance & Management Services Agency <br /> <br />JPR/NTE/mlr <br /> <br />102004- \OrdExtndingDeadlinesforDebtIncurin3RedevProjAreas 1-5-04 <br /> Page 56 <br /> <br /> <br />