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P.H. Ordinance Eliminating Deadlines for Debt <br />Incurred in Three Redevelopment Project Areas <br />November 17, 2008 <br />Page 2 <br />FISCAL IMPACT <br />The projected net present value of pass through payments over the <br />remaining term of the three project areas is $22,361,000 as a result of <br />the amendment. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Cynthia J. Ne son <br />Deputy City Manager for <br />Development Services <br />Community Development Agency <br />~rancisco Gutierrez ~~ <br />Executive Director <br />Finance & Management Services Agency <br />CJN/NTE/kcg <br />75B-2 <br />