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P. H. — Ordinance Eliminating Deadlines for Debt <br />Incurred in Three Redevelopment Project Areas <br />October 4, 2010 <br />Page 2 <br />FISCAL IMPACT <br />The projected net present value of pass through payments over the remaining term of the three <br />project areas is $17,170,000 as a result of the amendment, based on Proposition 13 growth <br />projection. <br />Cynthia ` J. Nelso <br />Deputy City Manager for Development <br />Services <br />Community Development Agency <br />CJN /NTE /kcg <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />A , 06 <br />Francisco utierrez <br />Executive Director <br />Finance & Management Services Agency <br />75C -2 <br />