Laserfiche WebLink
&,7<2)3/($6$1721 <br />1RWHVWRWKH%DVLF)LQDQFLDO6WDWHPHQWV <br /><HDU(QGHG-XQH <br /> <br /> <br />127( /21*7(50/,$%,/,7,(6 &217,18('  <br /> <br />$ *RYHUQPHQWDO$FWLYLWLHV <br />California Energy Commission (CEC) Loan <br />2Q-XQHWKH&LW\HQWHUHGLQWRDQDJUHHPHQWZLWKWKH&DOLIRUQLD(QHUJ\5HVRXUFHV&RQVHUYDWLRQDQG <br />'HYHORSPHQW &RPPLVVLRQ WR ERUURZ XS WR  IRU WKH /(' 6WUHHW /LJKW 5HWURILW &DSLWDO,PSURYHPHQW <br />3URMHFW /RDQ IXQGV WRWDOHG  DQG ZHUH GLVEXUVHG WR WKH &LW\ RQ D UHLPEXUVHPHQWEDVLV EDVHG RQ <br />HOLJLEOH LQYRLFHV SDLG,QWHUHVW DFFUXHV DW  SHUFHQW SHU DQQXP RQ WKH XQSDLG SULQFLSDOFRPSXWHGIURPHDFK <br />GLVEXUVHPHQW GDWH 3ULQFLSDO DQG LQWHUHVW SD\PHQWV EHJDQ RQ 'HFHPEHU   DQG FRQWLQXHV RQ HDFK <br />-XQH  DQG 'HFHPEHU RI HDFK \HDU XQWLO WKH ORDQ LV SDLG LQIXOO /RDQ SD\PHQWV DUH PDGHIURPWKH <br />0LVFHOODQHRXV&DSLWDO,PSURYHPHQW3URJUDPV&DSLWDO3URMHFW)XQG7KHILQDOORDQSD\PHQWRIZDVPDGH <br />GXULQJ)< <br /> <br />HUD Section 108 Loan <br />2Q $XJXVW   WKH &LW\ HQWHUHG LQWR DQ DJUHHPHQW ZLWK WKH 86 'HSDUWPHQW RI +RXVLQJ DQG 8UEDQ <br />'HYHORSPHQWWRERUURZXSWR7KH&LW\XVHGWKHVHIXQGVWRUHLPEXUVH$[LV&RPPXQLW\+HDOWK,QFIRU <br />FRQVWUXFWLRQFRVWVRIWKHLUQHZKHDOWKFOLQLF,Q)<WKH&LW\UHTXHVWHGDQDGYDQFHRIRQWKLV <br />ORDQ 3ULQFLSDO SD\PHQWV DUH GXH $XJXVW  RI HDFK \HDU /RDQ SD\PHQWV DUH PDGH IURP WKH&RPPXQLW\ <br />'HYHORSPHQW%ORFN*UDQW6SHFLDO5HYHQXH)XQG7KHRXWVWDQGLQJEDODQFHDW-XQHZDV <br /> <br />7KH&LW\<br />VRXWVWDQGLQJQRWHVIURPGLUHFWERUURZLQJUHODWHG WRJRYHUQPHQWDO DFWLYLWLHVRIDUHVHFXUHG <br />ZLWKFROODWHUDOIRUDVHFRQGSULRULW\OLHQRQWKHUHDOSURSHUW\RQQLQHSDUFHOVEHJLQQLQJDWDSRLQWRQWKHQRUWKZHVWHUQ <br />OLQHRI5DLOURDG$YHQXH$GGLWLRQDOO\WKHGLUHFWERUURZLQJUHODWHGWRJRYHUQPHQWDODFWLYLWLHVFRQWDLQDSURYLVLRQWKDW <br />LQDQHYHQWRIGHIDXOWDOOULJKWWLWOHDQGLQWHUHVWRIWKH&LW\LQDQGWRWKHJXDUDQWHHGORDQIXQGVDQGJXDUDQWHHG <br />ORDQIXQGVLQYHVWPHQWDFFRXQWVVKDOOLPPHGLDWHO\YHVWLQWKH6HFUHWDU\RI+RXVLQJDQG8UEDQ'HYHORSPHQWIRUXVH <br />LQPDNLQJSD\PHQW RQWKHQRWH )XUWKHUPRUH GLUHFW ERUURZLQJ UHODWHG WR JRYHUQPHQWDO DFWLYLWLHV FRQWDLQV D <br />VXEMHFWLYHSURYLVLRQFODXVHWKDWDOORZVWKHOHQGHUWRDFFHOHUDWHSD\PHQWRIWKHSULQFLSDODPRXQW <br /> <br />$QQXDOGHEWVHUYLFHUHTXLUHPHQWVWRPDWXULW\DUHDVIROORZV <br /> <br />)RUWKH<HDU <br />(QGLQJ-XQH 3ULQFLSDO ,QWHUHVW 7RWDO <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />7RWDO  <br />'LUHFW%RUURZLQJ <br />+8'6HFWLRQ/RDQ <br />75 <br />Page 264 of 554