Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Municipal Property Corporation - Annual Reports (3)
AGENDA Town of Oro Valley Municipal Property Corporation Special Meeting February 28, 2007, 4:00 p.m. Kachina Room 11,000 N. La Canada Drive SPECIAL MEETING - AT OR AFTER 4:00 PM Call to Order Roll Call 1. REVIEW AND DISCUSSION OF THE PROPOSAL TO ISSUE EXCISE TAX REVENUE REFUNDING BONDS, SERIES 2007 Adjournment Posted 02/21/07 3:00 p.m. c.p. The Town of Oro Valley complies with the Americans with Disabilities Act(ADA). If any person with a disability needs any type of accommodation, please notify the Town Clerk's Office at (520)229-4700. TOWN OF ORO VALLEY COUNCIL COMMUNICATION STUDY SESSION DATE: February 13, 2007 TO: HONORABLE MAYOR & COUNCIL MUNICIPAL PROPERTY CORPORATION BOARD MEMBERS FROM: Stacey Lemos, Finance Director SUBJECT: Proposal to Issue Excise Tax Revenue Refunding Bonds, Series 2007 SUMMARY: The purpose of this study session is to brief the Town Council and the Municipal Property Corporation Board members of a proposed issuance of Town of Oro Valley Excise Tax Refunding Bonds, Series 2007 in an amount not to exceed $20,000,000. As a result of historical low interest rates which currently prevail, the bond issuance as proposed is an advanced refunding of some of the Town's existing outstanding bonds relating to the issuances from 1996 (Water Company Acquisitions), 2000 (Naranja Land Acquisition) and 2001 (Water Improvements and Library). The average interest rate of these outstanding issuances is 5.3% compared to an estimated average rate for the new issue of 4.4% which is subject to changed based on the Municipal and U.S. Government securities markets. Based on current assumptions, the refunding would result in net cash flow savings to the Town of approximately $2.1 million which on a net present value basis would result in debt service savings of approximately $930,000 or approximately 4.90% of the principal amount of bonds being refunded. Of this amount, approximately 85% of the debt service savings would be realized by the Water Utility Fund and 15 % by the General Fund. Typically, when the present value savings as a percent of the bonds to be refunded equals two percent or more, cities and towns will effectuate a refunding transaction based on this minimum threshold/metric paramater . As indicated above, the current analysis indicates a spread on this proposed issue of 4.90% resulting in an efficient refunding opportunity for the Town, again depending upon market conditons at the time of sale Therefore, staff is recommending_th_e refunding. because the market_conditions of a l ruximately_4.-4% are lower han---the urgent rates-Dm-the outstanding bonds, and the minimum 2% savings threshold requirement is currently expected to be met. It is proposed.. _the__deervice schedule on the new bonds be structured to capture significant e service, savings. . th1 -moi early years, soIhat those fundsw maybe used to hel O set some of the future cos delivery of CAP water to the Town of Oro Valley. p Mr. Keith Hoskins, representing the firm of Gust Rosenfeld, will be present this evening to explain the legal aspects of the proposed transaction. Also, Mr. Mark Reader and Mr. Josh Ormiston, representing the underwriting firm of Stone & Youngberg, will be present to explain the financial aspects of the proposed refunding. G:ISTACEYICouncil CommuniclBondRefundingStudySess2-13-07 revised(2).doc TOWN OF ORO VALLEY COUNCIL COMMUNICATION Page 2 of 2 ATTACHMENTS: 1. Summary of Outstanding Town of Oro Valley Excise Tax Revenue Debt 2. Sources and Uses Schedule 3. 2007 Refunding Analysis: Up-Front Savings 4. Allocation of Savings Analysis: Water Fund 5. Allocation of Savings Analysis: General Fund 6. Bond Refunding Calendar ./Yheety /—€4-03 Stacey Lerr,Os Finance Director &)--tA11,4-v' David L. Andrews Town Manager G:ISTACEYICouncil CommuniclBondRefundingStudySess2-13-07 revised(2).doc TOWN OF ORO VALLEY, ARIZONA MUNICIPAL PROPERTY CORPORATION EXCISE TAX REVENUE REFUNDING BONDS, SERIES 2007 PRELIMINARY FINANCING CALENDAR February 2007 1Nlarch 2007 April 2007 . W F M T W `rH F : M T W "TR! F M 1111. . .:.:....: 1111:;>;>;.:':' 1111?"1 1.!!!!111 2 E!!!!! 4 !!!!!!: 6 !!!",., ...:....... >: 2 1111 .... 1111.: 1 .: 2 1111., ..: ........ 1111. <:<.;:.;:.:;;:�:.:. 13 14 :::>::;::>: >:<.;:<:.....:::: 1101:>:>:>::>:::<:> :::>�.....:.: 11 12__. i. 8 1111:: 9 1111'1.11..:: �:�:>> 5 .:;:.;;::�;::.:.: 7 10111 9 <' 1�': !!!!! 9 5 ::11 7 .111.1. ..:............. .;:;1111: ............... 1111::�1111::. 111>::::: :.. :.>::»:: 1;11;1. Mil! rip.! 5' 167 18 19 20: 1:<:>::> 12 � :; 14 :::.: � :: 16 �."1 ::�':;:1:1':;:<< 12 ;1111>:1 <:€:: 14 :::;:1 S:.: 16 1111.;:.:'...:.;:.;:. 1111. ::: :;::.:. ........>::11:>:: . ::>:;:»>:<:::»><>;. >:::: :.:>:::: 11111 <<:<::. . irgoll 23 24 22 23 24 256 219 11101111 2i :::>::>::�...; 23 ;:.;.��'. 111?" 19 21 ;::' ..:..::.:.: . 1121111 :>::::>;::.....: >'.': >..� 1111 �, >»;>;;: ::26 ...:::2�'.'.. 28 :.......: 1111.�.::::. 26 >>: _ 28 30 <::,><�1 �-,: ;11;;11' !!!! 111110 11111111111 11:1111 moigo Date Event Responsible Party Week of February 5th Requested information delivered to S&Y for preparation of Town Preliminary Official Statement ("POS") and bond rating/insurance packages. Week of February Distribute draft Preliminary Official Statement ("POS") to S&Y 19th Team for review and comment. Week of February Due Diligence conference call to discuss disclosure items. S&Y 26th March 2nd Information due to the Town for council packets in Town, S&Y, GR, anticipation of the March 21st council meeting. GT Week of March 5th Distribute the second draft POS to Team, Bond Rating and S&Y Insurance companies for review and comments. Week of March 19th Receive credit rating(s)and insurance quotes. Town, S&Y March 21st Town Council and MPC Board of Directors adopt resolution Town, S&Y, GR, authorizing the issuance of the Bonds and granting authority GT to the Manager or Finance Director to approve the final terms and conditions of the issue. March 22nd Distribute and place on-line the POS to prospective investors. S&Y Initiate pre-pricing activities. Week of March 26th Set-up "Real Time Order Monitor" for Town and investors. S&Y, City, GR, GT Market the bonds and execute Bond Purchase Agreements. Week of April 2nd Distribute draft closing documents and Final Official GR Statement to Financing Team. Week of April 16th Close the issue. Proceeds deposited with Escrow Trustee. All Parties 1101::: F�na�ac�p► 1111 . .... ........ ...: :::::::::............ r Tom: : 1111 1111: .. _ .. d bwor . : :. :..:.. . o oration Boar :: .. un�o� aL Pro e C _ _ _ ::::::.::::::: 1111: .� .. . . M p : 1111.. .: feld P.L.C. Bond Counsel 01,11.. 1,111' r �.Tnd erg_iter St�►ne&Youn b er :LL,C g 0111: 1111 .•:: A• .: .. '::':i.:••.iii.' 0111.:i..i::::i:::. oiigg `er�r�ter s Counsel _ : +-r--Und LL,P, Tr aura 1111 • 110,1.:. T1'u te. >: Re 1:gq,„t :a n A ent BD Prepared by: Stone&Youngberg—February 6,2007 p y p n-.O v1�O M�--�G,�G1 G,V�--�O 00,O G, �, p � �--�N 00 N C O,7 G,l�ut N N O,00 C M S--�M h C E'OO R OG G,1 N N C l�v, v,F 00 -`n N M'''n M'''g M y'M.•g O C 00 li'J�N- g L a � N M l�00 vi��'M O O,G,��--�N.--�N O N ,x g,-� -- ,,00 G1 CT G1 G, d N n 7 C M Ox ,,,,Cn Cn Cn M M M M M M M M N N N N N Lam^. E.E"q . ��• _ Gam,�00 Vii-s•�-�4.V^-��00 00 OO 00 Gam,00� � p “v,00 C N g s.,--�M c O V,,Vr ^� 00 — " N N G\, ,i,�^l��-+�--�O 0\�--�,00 00 00 N O OC , 0c,J0 A 0 � 6A N O N M G1,OI,OO Vim,,sn,s7•fir 4 .z-,OO 00 00 00 G 00 yr s .+ ,v,00 O N M,l� ,,M O O, , 'V..� 00 I t,l-G1 N 7 in N i� -i C G,' N 00 M 00 N Pn 0 t� w xE. � ~-�N N eq,: CN O,00[��v)M N�--�G,DD,J v1 M-� � '� w U x 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 oco o c o o c o c o c o c o c c c c c � o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o c o c N C. vi v)O O vi vi vi 0 0 0 0 vi O O vi C O_vi O O H '5 N A A n G,O m N ii m m m m N, N69 N N N N N N M M M M M M M M�'fi� O L _f UO C O C 00 DO 00 00,,,O^ _ M--��,D�� M M M�--�� O L OC[�l v)M V' N 7'�--�vl O O' C i ci G 0, C.-r C G,G,00 Z M M O�G1 p�t O�G1 d'00 00 00 et� N Qi ,M �o > .-. U O C o C 00 00 00 00 �n r. O^ 'n M Qui M--��.�^�'h�CA O,M M M�--�� O M� ''''' '' C',1' .,,OO[� G1 00 .h ONO ". ., H t., O^G,00!,M 4 00 ^p N M Vl v1 v1 V1 M M N"'�"'� C, vUi � fA 7.4 4-,,Z W Et O M O a1 N C O C O C O C O C O O^O C C y � O O O O O O O O O C O O O C C d�h M N O C O C O C O O O O O O C O V O r>' R, 0 0 0 0 0 v,C vi O O O n O .U 00 Q\C�--�O!�v,^�00 et C M 00 v, N y C ,Cn 7,,N Cn 7 0 vl M Cn N N 6s O oo�vn`,f,§,'44000C000 .85 •-+l� O O l N N O N G� lI EO v1 od OW . \e N A 5 Q N' W y M� r A�n vn 0 0 0 c o o , tY, G14 ocrococooc�nv,v,cv, c, 1 x .+ N.-. v,O M v,O O F N N O N G1 �� N !� g y oo N.O,N MCil N, ,s O N M N M , I� -I 4 , t ~N N N N i.;' N G,—M OM0 ^d cd O ' W '" x — AC w g >C^ § ocococo 0000co c c53 g Q O N O C O C O C O 0 0 0 0 0 0 c c3 O C O C O O O O O O O O O ., � � o vi o o vi o vi vi o o vi vi vi iii • 'V ,O O O N ,7 M,D OO-+ O N cM M 7 7 7-7 v,v,v, ri Wa S o 0 -7 -, C yU , E 0N C E C O O C O C O o�M p N�C,, CM�M f O. OC G, uNNO, Nn . O ._,COZp .- 1 ' MNrn, O , G, N, NON . r� M'"g_,Ox G.GC6 OC G1 01 M1v 7 NG7 7 7 O M yg O N M0, N G O O 8 E-A - B H G9"3 ., , MMMMMMMNNNNN, M v,v,�n o 0 0 o c o 0 0 0 o ao ►�.-•o v, v, c M .• � -� 0 00 � �' M V,J l�4 0 0 0 0 0 O C O t'4 r� N 00 N�' C ,J v, 00 O M v, .M v, O et O � .-� G1 C N 00 N C O C O O C O C O M k «+ ,U O0�00 C\V' N N O l� ul � 00 -�",D� N M p •--,... .. - • - �' w ed Y N 00,rI;M^' 00 l:M et^.C O OC tV'g N': A i O O x n N N �. .-. H .N �+ V' v, Vf �o0 1 00 l�oo l�� �M ^-� , O ,--�••• O V' � e� ,p, f/i N � y O � O CT 00 '-+ O G, oo ,O ,D v,�c:,-1, N 00 � O (� 5, 6R N O 4 -.N .-i .-- -r N ryr N C �U �, 69 . O W O C 0 0 0 o O it1 A " 8" "' 8888888888888 IT c O C O C O O O �' C O C O c 0 0 O O O O O O O O O O O O O O O O O O O O O O O O O O O O p„ O C C C O"" vi H � vi O O O vi O vi vi O O,(;)-O O O v1 v> O_O vi O O ¢, H O C•--�•--�N N' U 00 E M^ +n N N'4 `r 4 4 P 60 G1 O -i OCC, 7 N E N - -- G9 ., -,N N N N N tV N N N N N N tV--. .-- --�N N M Y0 y� A" 69 CA V V] � N O C V'1 C O C O v,h V,v,O v, O U N ao N N N '4 --�N V N O O', 00 O' N "-' .V. r` o 2 N 4, n n r O N M O .V. M G,O v1 _ O V1 M O V1 M M 00 OG C1 u -- -- n V,V1 G1 v,N 00 00 OG V ,O h .-� O - Vl M N N M M M E a+ "O c3 d'00 4,- i!` G,M M ,O --1 00 OC N C OC -- 00 OO l�l�V' N N N N N N O U +' O O -- O G, .-. .-.N N N .-.v,v, N v, v, ,7,:J v, G, to (2 O N Z?N N N`.--,N N N N N N v, N O g E.. ,,N N N of,,,,,,N N G, , , ,, , N g F'ap M fS N F, C A , N-a A iA N � N � �� O C? 'a O OG l� ^�t� 'r G,�" ^�0,l� M OG •-y -- O O O"4`,1 V,C O c 0 i,h v,v,O v, O _ x ., O,O N [�O.N -M. S -O p( ti OM G1 -... OCO N (\ M, .--' Gam,, CJ `n O v1 M O M M 00 00 M V, A w U -. M of OC^�M 00 fV vt 00 M - w V,OC 0.,..-.,,!r m OC-.OG ,7 �,,, x O N O 00 0�0^ 5 00 M G1 V1 C 2 ..r L^ N OO ,D h M— N 69•-••--� n � O � M ut V,V,h'� N N•--� �--� V: to rn �O- 6R 3 a 6R n w 3 °A2W •v 8 'n O O O O O O O O O O C O O O O x 2 G, v M O n :T M.-.M V' v, 01 t` .-. C 0 0 0 0 n O C O C O C O C C O O C �' W S v, P S,J 0�0 G,, M0'ot o v,,M m 0 0 0 0 0 n N O C O O O C O O O O,,O C O to eG h n O �--� � O•vi O vi v1 C vi O•v1 O�vi v,•v, O � 1 � 1 G,OAU�••'n���'%M N�-+N v1•vi 00 O�vi O C v1 O� N � .. •U v,n OO 00 G,O O g p G,G,O M '. cc 3 v,,O i V 6 G,O,O O • ,�• a O 00 M M 4 4- 4 t� E v,O O O O O O O O O C O O �, N �� N G,O,V' DD M V' "-' G1 V' N ,O M 00-. O O V V,v,v,v,v,v,v,ul V,E Z v,, Vl,J M 00 V, M �' M 00 M N C ^+M M .•V' L\ M z V, ,q M OO V, n l�t� N N N N N N N N N N N t� v,G,N N 00 O 00 O 00 N i V' E,O M ^- M 00 G�l� t` .-. h,N N v, 4 Q b O N N t n n `,', n N OC.-i G,M S 8 a ( 00 OO N 7 00 e.;OO 0'M l"O M g OC...iN M G1 g O -6—....„----,„.....„,t+ � V V v,V n[���( ���n v1 v,�v,vl�O G\ C/� ''' «� � N 00 00 l�00 v, V^ N -.N� 7 M [� , ,:7 v,v7�O N O ': G, C N R , O v, O, .. ,, v,,v, v, v,-.N N M G1 G, .., O�O O Or `I F"Z r.•-,, ,_, -.-.r ---. n 7, Q g [-.4 NNi N N N tV N N N N N N N N N-- --� ^- -- aA cq '4 . .4- °' " rC Y a i 4_, a> I V1^O C O C O C O O C O^O O,,U M 00�--� �--� '� N v,v,v,v,v,v,v,v,v,v,z v,v,-.v, M o0 v M 'b y 3..+ I�l��N N N N N N N N N N N l�,--�ut C1 N N 00 � �'" ��' O•n--Vr [i P.C,n,l�l\.-.n n n OC,,G,OO d'�'t r-, to N 2 `,12 01 G� 7,,Ci C V, 00,,N , 00 ,D G\00 d'`7 p, C G7 FU, .--,00 v,4 P.P.[,P P P P l�l;l�O M v, G,O N w b X s. V' ,, :7, N,`'.1 -.v, 00 M V• G, N,O G1 O M v [� G, M _ ,.. 2 ,n,,,,,O V' ,0..,O V' V' , M N N G� O Cd ,� [� M M N N O O 0, 00 00 l� ,J ,J v, M N,<.,,i M O t. 3 K 3 u ..w . G, - OCOC O 0� O O E-, C M00 0rN0+ -0r�M0i n vC--+-1., -_. O O O C Oi OO M i O� ., MN M - N - N OOOON ,. ti O O O O '. 'tOlQOC viOvi O 4 Pi C vl, 'O ' viel4 o00v ,ZnCP(g0 ›, „,i. p. , In)N,, ^ajNv ,,, M .VVv , a � '9 M . ciiN O _, .E ' O Q Qo l�00 G1 C.-.N M v,'l�00'O 74 N M g v, N l� 00 O,O -- M Vl,O l� 00 :, O N M 7 v1 `n Q i. OO OO a, 4 t N N N N N N c3 ► OO OO \ en ,.0,00 N N N N N N c� y. `� O O O O N M , G1 N N N N N N ' "8 00$ C -- N M�! v, o o O ' N M . �, cG w o c o c o c o o o o o o c o c o c c o c w>" c o 0 0 0 o c O o c o o c o c c o o O 2 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N a SOURCES AND USES OF FUNDS Town of Oro Valley,Arizona Excise Tax Revenue Refunding Bonds,Series 2007 ***************************************************************** February 1,2007 Analysis:Up-Front Savings Estimated Current Market Interest Rates (Includes Series 1996 Non Callable) ***************************************************************** Dated Date 04/19/2007 Delivery Date 04/19/2007 Sources: Bond Proceeds: Par Amount 17,300,000.00 Net Premium 932,834.55 18,232,834.55 Other Sources of Funds: Release of 1996 Reserve Fund into Escrow 1,970,000.00 20,202,834.55 Uses: Refunding Escrow Deposits: Cash Deposit 10.44 SLG Purchases 19,783,492.00 19,783,502.44 Delivery Date Expenses: Cost of Issuance 100,000.00 Underwriter's Discount 173,000.00 Bond Insurance(Est @ 30 bps) 86,778.09 54,698.50 414,476.59 Other Uses of Funds: Additional Proceeds 4,855.52 20,202,834.55 Feb 5,2007 8:23 am Prepared by Stone&Youngberg LLC (Finance 6.000 oro valley town of:EXTX_REF-REF07_1,REF07_1) Page 1 � 01' '` kXX k k >! XkkX k XXk X kk X i j hhh 00 00 O NM[u 00Nv,ul N N,�.� M T�C C O N,--�•-+�--��--�h h�M M M M M �/ A G O V7 wi v>v1 V,,n V1 V1 V7 v,V,V1.O 00 00 00 00 00 O2 " � 1 1 �M - � ,TvO1,0O lO,O O OA O O,,O Q Q 8 8 O T S f'O M0 O1 O' o �, �. p Cr,Cr O N T v1 O N 00i.-. 93 '4 JNS viwiN ,,,,1,-..-..-. •-• v 0 O O A� 0N O O N a a KNK z F by•O•8 Uc b0 42 Ou O c4 13 N TO,hnM=MT VoN TNMTOO '.‘-'' ^ 8i 8 vb Yggooohh00AM Mo�00h N(� d pV „O .ughi p V 0.M O^OOO,00 aO,O,O. N,,C , O, N V ..ai. , HvKMMMM,MMM,MMMMNNNNN- K6 Tw.g ri 4GnJ . ` o` A O —OO 'd G y;ay 8w gl .y qw1§.E.:71E10.--.. W0a G7 ^ lc' VM 2hT A lOO: U py &y O100,. r+ W 6 74 pry „8 4 •ili o z as'' §§§§§§§§§§g§§§§§§kook A vv,ov,o0ov,oov,ovokn,, oovo , � ¢ ,4MN0N 1phh 0MNw N-+ 00h z i CKNN N N N N N N N NV ...N N f 9 s p S p p pQ M S S S S S S S §,j N N O O 88 0 8 v1 N§ Q V>h(�00 ,,, O.--� ,s O,, T 00 N 00 �O -. �t w VY V1 oo,.D(.O, ,,M V V1 V1 v1 o, O 00��J OG O0 00 00 M f+•�M M M 00 O�O�O�O�O�O� O� ,, .� F- K .� r..-. -N .. OC 0� f, f 9 ;' A v i 9 pQ 8 pp p p 8 OO pp b ,FA O§§§O o S ,S§vi N N �n N O O M^ i vVOM O O hT 4 T hT A 00 M00 g i vr O00000hhhhhhhV.oV,rdMN 2 K y K "G o VQ_.` §� D R O n „. • Rf O h O.O N °0S - T b s N .P. 9., O S8x ' • .� ; �,� 4 S - S SSS ., f,i K ,;-S o.o ,Av,u,,Ao 0 a > c N v, 7- E..%l E — HA a.,..6-,i4'h x • ti v �v W ti o 0 0 o c w _ k$§§„§sok§§gS§Ss§S § ,- O U1 O U1 O O C O O O ,ry O r. Q»O 0 d 00 C1i T C V1 ul,n 8 h N 4 M 00 g 00 OQ • •� Q' .0. :'� �p Op M�t Vl �00 00 • it'z C pp C "�C O O O S S S O ti � §§§§§§§§§§§§S8S8 b 4' p ,n,n pp,n ,n o o,n o o O��O_�n�n O 40 .-. pp 00 T T S M 00 N M V M 00 00 00 S O � O� V �O� �S�O��t�N�v,�O�O l�00 t+� (]a Z °” 69 t a a U O (."',=; nV S F., •Oi, � h,NN cNOOog5N VMN0M b © MN �: .0 0 ,A�M�e0'a b e,'9„1/4) ,M M O^,VO O CM N'CJ1 vK b N " ci',: A01 y b 4 .� ril �,-�: V7 O O O O O O O O Q C O O S T�O M 00 O y 4J h V1 Vl q v,V,C v1 V1 g Q OO Vl -Vl R M 00 Vt M �� N h�O N N N N N N ,A,A N,A h•-+V1 T N N 00 a'[+ N O vi D\0 0 0 0 0 vi 00 O O oC v T o0 t �O b •� • (r_ ?� O h M T Vr Vr �O Vr L?M O 00 v1 N O M V,h T O 00 O >~i R O y v,T T 00 00 00 00 00 00 00 00 h h h�O v,et M N N O Oa Od O t M v `C3 Z 11 K 2 O O O � = c S o c §§§§§§§k§,§,§§ o Qnn ;O U ' ,'-3 h h M °A000 W w k G• N 6 ani aC7 2i a2i C7 FA 00�O T M N V 2 0 0 0 N 000(I'll T ,n N N*00 S M'3 M,A O 7 ^• r' O 00 i 00['00 N i i il [�i v'f�OG�--��V N t+� �^^ v� O `O N�, �h r;,p� O 00 h�_N tt h� � �'Q� '-' N Tg y TT000 T N NN hV1 C� O^O� 0 v1 N�d'� t�S M Q ��C/� �O [� �"� , ,4 M M M M�M M M,M c•;M M N N N N N a. A g [ U K 5.`76:::4:1 O G W'.'"+. y^ A N ui V,V1 M T E T T�D O 00�O T•--�O M �N It S A T h v,N NT 00 o M,A M,A O O- �00 T,D N N O-,n!`h V1-00.-•�O�t N M E'er al t: X 00 4 h M ,J 00 h M 4�--.C O 00 N N 4 O O a ' v,'p h 00 T 00 h 00 h`O S"M '.^o "CA O o ,� O y";i1 v L G� O C O�00 l V v,�t+�N.�C T 00�U�O v,st M N Oq O y y W K b, 3 O O O 4' X . cV HA qog� $g�000�ogc��§§000 S H3.; Q Q Q c coo poOQoocc ^c poo 0 `oo, g -o •v .. ly L ,.O. 00,, S hO n OCO N,A O S 0 =17,-5.%o, a a = CiM V °o-N-^•N N v, [� V1 4 1`. O�O--°° v, W 4 4 •� N N N N N N N N N el N N N�--. �--,N N M a cV H O O N .amp -a M I y N F ,.�,.�11 1. P :23 N .� N a' p b � >"' 0.! A y y H yAy'8•4 Vi b , � ��pp h 00 T O M V,�O h 00 T O N ul 40. w �p �. 0 0 0 0 N N N N N N 'V (y,r-.y T Est ,y, v1 h T C --N M d'V1 [�0°T O N v1 N N N N N N W�,fx S a Li, S S O S 0 0 0<�0 0 0 0 0 0 0 0 O O O ^^��.,, CL N N N N N N N N N N N N N N N N N N ,y V.O 2 Cr) 0 CD k.C) C = 0 00 d' CT 00 CO V Cr- 0000 � `O N en O 00 - O O O Co, CD co, `O d- ,--, Q\ t� N C1 M C1 O r-- 00 V d' t--- O N O d' X y t� d• ' 00 t: O• o0• ,-. ,. .-, M• ,--, M CT o0 N 00 d' co-' W a) c vro 00 00 00 CT 0 t d- d- d- ,0 ,0 N kr) kr) VD t-- `O "CD 04 CD -, r- r- d' ' d' v.) 7 N N d' D v1 0 C N 01 C� C. C) X N N N N• N N• N N• N N N• N N --, 4-, `, -4 --, -4 in- Z ., E, Q -tor i M d- d' - d' d- d- d- `O d' CT d' O d' O O O O O O CT M IO C M `O 78 ,O d'00 00 O r-, O C\ d• t- t2 O0 ' N O0 O N p �>,,,+ M `O `O t: M in 00 C1 01 O 00 O\ M O; 00 N 00 d' 0; y V 00 01 CT CT N N M N N N kr) kr) kr) kr) VD t-- CT 00 rt p CA r- en kr) t` t` t` t` r-, r-, ----, d- C1 O 0\ C oC 0C 00 a) k0S O O POO N 0 O ;75 N M - d' d' d• d• d• d' d• t- 00 t- 00 O O O O O O N oo N --, --+ ,--+ ,-•, ---+ .--+ .-, O C M 00 CO v7 O O kn O \O ,.O •i. CT ) M `O `O `O 00 CO- 00 O O ,,O d- �O d- t� t� O N O 0p ,--„, y }', M ,• `O N 00 kr -• 4 00 d• ' `O 00 C\ 01 t` d- op t` M d- r--, VO `O d- 0 CO Co CT C, t� kn M ---+ 00 ON N d- vO 00 CT M .-- �O L-'+ 9 --•, r- r- t- t- r- t- ,.O `O `O VO `O VO kr) -1. d' M N 4--- C,. Qr CT 2 6.1vi � O fA CZ N 4 Q ' O O O O O O N 00 -4 V:o VD 0 Co CO 0 0 0 00 #' 0 0 CO CO 0 0 00 .--+ N D N .CO 0 Co 0 0 0 CO `O *...10 Co CO CO 0 0 -, t- � 0 t� OT CO CO 0 0 0 Co r--, n/ ^ ' 7ti Q O O v7 O N �-. O\ d' M O v) O v.) O t` cu •-� O d' 00 C\ C\ O M v7 r- 00 --+ M `O M - 00 00 00 `O • O' x c) b1 1 ) 00 --+ CO' 'CO d' 'CO WI 00. 'CO I 4::), C.,` t- 00 Cr U •• 69 W I. ti� Z 04 00 V7 v7 v> in v) v7 `O CT M N M N CT O M o0 4-. Co v7 �I r- V7 v7 v) v) in In c- -.4 4--4M O M -4 v7 M 00 d' �V "C in d' CO O O 0 Co v) 'CO VO t-- N t- t- - v) OT N N• C. - f• 4, 0, 0, 01 I, 01 0, co --, d' O O d' v7 r-, --, Cr) N `O 00 --. ON M D1 d' d' ., ;� •-, 00 00 00 00 0 0 0 0 0 r- v7 �O v7 `O 0 v7 O 0 -0 �+ � In � t- t- r- t- r-, •-, .-, .--+ r, M C C C1 CN C1 O Vr •"i ! ', +-' r--+ --, ,--, .-, --. .--I .--+ ,-•+ N -+ .-. .-•. .-•1 d.. p 69 M WO ° E-° + 00 kr) kr) kr) in kr) in kr) kr) OT CO 0 r- M C� �O M o0 ---+ O M C vl v) kr) kr) N N M --4 � M 00 d' 0 0 O 0 O CO N `O CO [� d' t- C N N 0 O 0 a) d-- in• O 'CO �• kn �• � �• C N v t- 00 .O OC 00 'CO 'CO M ° `O CT LO N 00 00 00 00 00 `O kr) M .-4 CC CO M kr) t� CT CO N 00 00 00 l- l� t` t� l- l� ,O ,O v7 d' M N N 4-, G = 0-, M O 69 Cti (l* 4c-71 0 2 --. 0 M M v.) CC c) 0 0 0 0 0 r-+ 0 0 0 0 N CT ON `O >O `0 0 0 0 Co Co Co Co CO O O O O — CC >O CO' N CO 0 00 0 0 •--+ .' O v7 O O `_O N O >0 v7 OT O in O in in CO 0 VD \O 0- in r- M M M en kr) cD 00 `O M CO- 0 v'1 \O 00 in O O N in i. 0 0 U CC 01 >O o0 M `O --, O in 00 r-- CC `O N CT VO M 00 --, O `O N a) M 00 M N d- O r-, M M � - `O t- M -+ v-) `O M oo t— M 'v N > 00 O 00 N CO' >O >O >O M .-- M 00 CC t� t� - (n CC N N V n X 00 00 N CO' --+ 00 M 00 C\ M t` O c, `O 00 ---+ O\ M C1 'CO' d• o N W a) Do N 00 00 t- 00 ir, >0 N r-, N --+ d' M t� kr) `O kr) >0 O N ,--• •1* P4 O CT OC t- CO' .r.) d' v7 kr) N N M Cr, ON CC CT CT CO 0 HX NN N N N N N N N N N N N N N ---, r-, -- --+ ---4 d' wa CI) 69 v,1 az of) CO C 0 >O t� 00 CC O r-. N M d- kr) `O t--- 00 ON O .-+ N M CO' `O , O O O O ,-, ---+ ---+ 4', ^, •--4 •-, •-, -. r-, N N N N N N N U - 0 y in >O t- 00 CC O --+ N M CO' (n `O1-- CT CO --, N M d- 00000 ,-4 --r ,-4 -", --, --4 00 r,- - - - - - - N 4-4 , O CO Co CO, Co O O O O O Co O CO Co O O CO CO CO Co O = NNNNNNNNNNNNNNNNNNNNN O 0 CA -C C) CO 0. C) $.. a) t4 U t--- en in o0 M ' N N M O Q en N .--, "-+ .1- -. O Q) . - .� en N M71-C1 00 ii-3t--- (3NO 01 r-, r-, 00 00 C1 00 in 7t' o U ' 00 O ,O WI O N N r-+ N N 00 C, \O *n .0 •--+ O p a) W ,•- Q] O, - i - �- in C� •-- C� O• --+ 00 M 00 00 N O 00 `O C. . A!, N 0, N C\ 00 O O O C, 00 C1 M N N I in `C in .1- .1fi M M M N N 00 d' �t d' �t 0, Z4. HQ vs r- `o ,o c rr — O Vo U in 00 00 00 00 00 00 00 O N 00 O M0 r •0 N N N N N N N N - N 00 00 M 00 O O^O ., Q) ---+ `o `O '.O �O `o `o `O M M M M M r-r N ai O C/) 6g N N N N N d' O Q) 64 O Q Q CD r- N 00 O{. vC = Op N N u ;- ! C `O‹D `O �O `O `o N N M M in o0 cN ••. ^ in 00 00 00 00 00 00 00 00 CT O LO \O O VO C 0 N N N N N N N N N .1" 00 O 00 •--, i. b9 .o M l. . 4) • C 6+4 `' 0 ' -. C ^p 0-.4Z C) C0 3-4 ►�• 4J Q - 00 N t� M M O U 00 N O, N O 00 N .a N• ' tf 1- VD- t _ C VC .N•, 00 CT O CC M N M M 6.1fasS C 1 u N In in in in in 'n •--, t� 00 N 00 t-- CC C1 CT CT CT CC CT CT t-- 00 00 `O 00 •.Ur to r. r. ...I ..-1 .-, r1 v.. \p WI 00 IN O N O t-: VI- .n vi v7 M M M tt M N Q O C) 56 N N N N N M O WO k r4 Q) O N 'in in in in in •--1 O O M N 00 c> Q1 O\ 01 01 01 C, 01 C1 00 M •-1 en 00 ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ 4.1 N I/'� In In In in 1n in 1n In In v� '� M M Q ^ H sem, M N N N N N '�' en N o �' C b9 00 => �' Fs9 ttCJ 0 0 -c-+ CT O t� N r�, OC O Z ...., 'v sem, ^, l� •--1 M M en R3 00 O M t"-- 00- " 00 r'. Q• 00 t� C, 00 C, O M .; •^~ 00 01 O --+ N 00 M V •--1 "-+ N N N C.. ^ A. fds N 0 0 N in 00 N d- N N d- •--, N tt LO N O ••-•1 CC •--+ r--1 dt — O N N M d- 0, 0 CC in ,O d- CC - VO N 00 00 CT 00 'n N N c1 0 0 U N t` CT � in CT VO `O t-- '(C N 00 00 00 `J .0 in `o - N ^ ^ ^ ^ ^ ^ C.) C) • 0 •.~ �t 06 d' CT t� C M M •--1 0• 1 CT `O .-- 00 00 N O 00 00 ; O O .-. O CT •--. r-4 N N N ,-. in N in in `O in C1 r� ) -1 N W Q) N N N .1• 'd' '�t' d' �t •� N N C1 'It N r--+ ..-, .-., .--1 r, .-1 .-. .--., r. .-., r-, .-.1 O CIO O C cs Q) -0 H + H Q to C 0 o� `O t� 00 CC O .-. N en .7t' 'n `O N 00 CC O •--+ N en �t in 7,4 3. O O O O r-, •-•1 .--1 r-., .-. .--1 .--, r, .-. .--, N N N N N N N CD .-•• 0 0) in `O t� 00 CT O •-, N M '- WI `O N ON O - N M � p .-. ,-, O O O O O - .-., - - -+ - - .-, 00 r-, N N N N N N r--+ .=, O O O O O O O O O O O O O O O O O O O O O C) N N N N N N N N N N N N N N N N N N N N N "CI C) s. CZ C1. C) s. A. 00N 8 (n N N ,O O O\ VI M M0 M 7k 0 0 0 0 0 0 00 , d' 01 00 O N 00 v) C N M00 tn O O O N ct v 4) N D\ [- N 01 M O� O [� 00 �O l� l� O N O N n n n n n n n n n ' > y O `0 O Nn On 00n n ,On -- Mn N ". M Nn CT" 00n N 00 n d'n `On O� W O uo M N 00 00 O1 N d' vl '1- ,O `O N v) v) v) vn ,O N N v) N 7r to ct• v) N N d' ON ON ONONON CN N � � n n n n n n n n n n n n n n n n n n n n n Z8 N N N N N N N N N N N N N •-� --y — .-� .-� O. ,r d' ,t' d' d' .O .7,- 01 ,71- O d' O O O O O O .0 g O. N O, v) O O O 01 O ,O ,O `O 00 d- 00 O --- M O ,O OT N N c) kr) N O N n n n n n n n n n n n n n n n n n n n n n O — .O 00 00 N M . 00 O\ O\ O 00 O. M l— 00 N 00 co^ .;.= ;/ y — t 00 O` CT CT D\ C•1 N M N N N f v) to N 71- 00 b4 0 V1 N -- kr) N N N N 7t O. ON O\ ON C C 00 n n n n n n n n n n n n n 0,0 O 0 Q 4 O b�A0 00 'b cn .--� ^ CT O0 0 0 0 0 0 0 00 00 O CT M 00 7t V) O O (n 0 N .0 = , O 00 00 O O ,O ". 7t• [— r- O v) N O ,O n n n n n n n n n n n n n n n n n n n n n Cd CA 00 00 N 00 - 00 00 O\ in CT N tt' 00 N M 7t 00 RO � �) O O O OT O\ N vl r) .� 00 CT N 1• ,O 00 O\ N 0.. u ,, s.. M N N N N N IN `O ,O ,O ,O ,O �O 7r M N O za) Eis `" bq 0 4) N g Q O O O O O O N 00 ,O ,O ,C 0 0 0 0 0 0 00 0 0 0 0 0 0 00 ^-r N v) N ,O 0 0 0 0 0 0 ,O 1fte co-, E— .- 0 0 0 0 0 0 r- v) O t-- O\ 0 0 0 0 0 0 n n n n n n n n n n n n n n n n n n n .0 O O v7 O N O� M O O O U 00 O� O M 00 M �O M 00 00 00 N • 71' d' ct' tn oo [� oo n n n n n n n n >II .. .41 vy ti Z 00 kr) In kr) kr) ON M N M N Q ,C M 00 CD Lr) - •-� ,.0 to d- O O O O O VI d- ,O N N N N •--� � ON N N •--• > in_ n n n n n n n n n n n n n n n n n n n n n ''d L '� O O d' .n v� �) M — N . 00 --- O� M 01 d- O V� --. In � � N N N N O O O O O M O, 01 O\ O1 ON O ,O O �� n n n n n n n n n n n n n n n n n U -� , . N ,-. r.. .-. ,--. O C4M Q iasq OO O H 00 to to tn O1 O O N M O\ .0 en oo — O en O N � In v) V) v) � � � N N N en \O — v) en 00 In 7t TJ ) ,.O v) 7t' O O O O O O N O O N 7r O\ N N O V, n n n n n n n n n n n n n n n n n n n n n • O ct �n v) D\ N N oo �O oo M 01 y ON ‹O N 00 00 00 00 00 C ,r) M — 0\ O en ,r) N Oh O N t2 4 = 00 00 00 N N N N N N N N N .0 z, Lr) en N N C —.• 6�4M '�V 0 6+4 Emil ) O O O O — O en en `O O, 0 0 0 0 0 0 --- jO O O O N ON O. .O .O .O 0 0 0 0 0 0 O .• O O O O O �n �» D\ NC) 0 0 0 0 0 n n O O C N n n n n n n n n n n n n n n . n O (r) O� O I O v) V) O -. M � .0 00 N � N O N N O en 7) a .0 O N en en en en en M knv) ,O 00 v') • ' n n n n n n n n ...a a •-� .-.• r-. M N N 69 O CD --1 N 00 N 1 C I) U O\ OT ,O 00 M ,C O 00 N ON ,O N ON ,O en 00 •--• O .p N ,U = , en 00 en N O en en en v) �O M 00 v) N CI 00 O 00 N ,0 `O Z, M M 00 O\ r- in N N n n n n n n n n n n n n n n n n n n n n n _ 1 U 00 00 N 00 M 00 0) M O M 00 O� M �' �• W G.) N 00 00 N 00 If `O N — N — en N v) CO v') v) ,O O N .4 CY O ON O\ 7tn v7 .7n ,n in N N M n 0n CT‘, 0,n ON ,, O O bAC >< CNn Nn N N N N N N Nn NNNNN - nCnO H. wF- Q � -C b.4 0 0 O O N 00 O\ O --. N en C N 00 ON O --, N en .1• s. O O O O y U m -- -- -_ -_ -_ -_ -_ -_ -- -_ -- -- -- N N N N N N N `� y N 00 O\ O — N M d' In ,O N 00 O\ O — N M • OO OO O� >-' O O O O O O O O O O O O O O N O N N N N N N N N N N N N N N N N N N N N N O C/1 az .b 4) ct 4) I. 74 1) 1) U M � 00 M tet' N N M O vC CT M N •--, .--, d- p p N M 00 CN 00 r v.) N O\ O O. — 00 00 O\ 00 to N C •U y [— 0o O O W O r- t— --(— cl 00 - ON ,C ,C M U ,, > U N ,I' '~ M N O ON o — 00 00 00 00 c 01 (7 W 4) OT O\ O OT 00 O O O O\ 00 C1 M N kr) ,I) `O �N 00 "b :80o N ct' �t �t 7t M M M N N. 00 •1- .1- d- r ON Z Z " E-- n ,, Cl.) M O N O d'•o . .. .. .o `o `o O .o CT00 00 00 00 00 00 00 0o M N = •-- N N N N N. N. N •-- N 00 00 M 00 N ^ '+ ct 1) N `C ‹.) CC ,C `C \C ,C M M M M M 000 bA p 6�4 N N N N N '1 c) •r. O O O Q b�? NN 0.0O v, .C N a) - .0 .0 ,C ,C `C ,C `C ‹C ,C M N M vn N N N C M 00 oo 00 00 00 00 00 00 Oh O ,p ‹) O bN N N N N N N N d' 00 O 00 M "d p! y N ,C ,C `C ,C `C `C ,C ,C � d- M M VI O ►-� M U ,^ y N — U. N U. =lit EA 6R tom, Z Z y � ' [�� U c Q o-0 00 N 71- N M N Q �1 �, 00 N OC N O 00 N �, ^ a. c7,- N oo �• ; V; `O N `p .� \O N 00 C O M •U .--. .-. r-. .-» N M M � L� a• R Es4 IN›° •. W •.. O\ C\ ON ON C1 O\ O\ CT N 00 00 ,.0 ,0 00 ,C V') 00 N O N ,C)[� • V> M M d' M• d' M (-: Z ; ) M N N N N• N N N ,C ,O ,C ,O ,O ,O !T 'b E�4 N N N N N M h„ ,� az NEf. Q .wo � c4 C Q r. CO N —� F' OT OT O\ OT O\ OT O\ O\ O\ N 00 Ory) M M o0 �t O N 461 ct% o i.. M N N N N• N• N N N ,C �• M N O 00 Zo �° c Ia. v = Q L. O M M M CT Oh F.4 "r a) 7,1 71- oo O M l— 00 ^ C .Q. 00 N 00 C O r) M U •U o0 C O — N '1" 00 V 6• 4 ^-' N N N d' a N ---f o N 00 N 00 N d' N N '71- ,-. N N O r-. ON •-� p N N M OT O O, �) CN ,C N d- 00 00 ON 00 kr) N N U N N 773 ,, v, = U l I O;, �? v..) ON ,O ,O l v1 N o0 00 00 ,C) ‹) In ‹) l 'U '^' 00 01• N• 0) M M ,---. O� 0• ) 00 00 N O 00 �C N U W > U CN NO Cl, Cl,— O d' d' 7t' 7t, d' Cl, N CN d' 71- 7t 't' N ,4 DO -ti C4 bA O ct u N 0 E L" E— Q b.A 0 0 0 >'' ,C N 00 O\ O --- N M d- `CN 00 ON O N M -7r V') ,0 Ux. O O O O NNNNNNN^ cd y Ln ,C N 00 ON O — N M Ln N 00 OT N N N M N N O O O O O O L.T. ," O O O O O O O O O O O O O O O O O O O O O 00 NNNNNNNNNNNNNNNNNNNNN b a) 1-4 03 sai 4) s.a I LO/tZ/Z 00 d- , 4 C. 90/TZ/OT \ I I N Ii I N 1 i I i I I1 II 1 r 90 9 I I I I Z- / / 1 I f . f I ; ! I t I 1 1 1 i I 1 1 i 1 ! I f 1 - 90/IZ/Z + ian , I I 4 Iit i I 1 ! i 1 1111111 I 0 ' I I I i I I 1 1 - SO/TZ/OI el.) I I f � I I I , . I 1 I i kI I I -4-. UI I I .-CJ 1 • - SO/TZ/9 O H 1 I I 1 I M 1 1 NI I I I i t N 1 1 f 1 M N N t 1 , Ti tl _(li f I • , . '7:3I I i 'i - SO/IZ/Z O I I I .- 4D Z P 1 I f I fir" 2 LA I ( �' , o N 1 3 ui - .f i i 1Cl4 - t0/TZ/9 cu i E It t . t . . X Z E f 1 f f W 1 I I I '� o i I - t0/IZ/Z nt I I ; I i i 1 I � O ,IJ . .,.., I I I I E I f r to I m i I ! 1."1"S.,,,,„„D„, 1 - CO/TZ/9 f i x I E , - £0/IZ/Z 'b . 1 i ...Z , , 1,) 1 I I - ZO/IZ/OI a4 44 ';- ;-:::: 11-1-1‘..-1!""-- E b ( MMO I I I Fil ! , I 1-4 O I I ( Ili in 1 1 1 - ZO/TZ/9 N CU 1v ›, 1 b ZO/IZ/Z o 0 0000 CI 0 0 0 0 0 0 A� ,o Iri tri tri ,f) ,t" `71: 4 (%)1sauaiuI F-+ SOURCES AND USES OF FUNDS Town of Oro Valley,Arizona Excise Tax Revenue Refunding Bonds,Series 2007 ***************************************************************** February 1,2007 Analysis:Up-Front Savings Estimated Current Market Interest Rates (Includes Series 1996 Non Callable) ***************************************************************** Dated Date 04/19/2007 Delivery Date 04/19/2007 Sources: Bond Proceeds: Par Amount 17,300,000.00 Net Premium 932,834.55 18,232,834.55 Other Sources of Funds: Release of 1996 Reserve Fund into Escrow 1,970,000.00 20,202,834.55 Uses: Refunding Escrow Deposits: Cash Deposit 10.44 SLG Purchases 19,783,492.00 19,783,502.44 Delivery Date Expenses: Cost of Issuance 100,000.00 Underwriter's Discount 173,000.00 Bond Insurance(Est @ 30 bps) 86,778.09 Surety Bond(3%) 54,698.50 414,476.59 Other Uses of Funds: Additional Proceeds 4,855.52 20,202,834.55 Feb 5,2007 8:23 am Prepared by Stone&Youngberg LLC (Finance 6.000 oro valley_town of EXTX_REF-REF07_1,REF07_1) Page 1 b (D Po (D cr V) O N N N N N N N N N N N N N N N N N N N N N O O NJ O O O O O O O O o 0 0 0 0 0 0 0 0 0 0 '11 CD cO�t w N O O O O O "� A R N N N N N N N 00 O� VI A w N - 0 C 0000 J O� Vt n �--� O, 4, w N -' O `O 00 -1 a1 Vt -P w N O O O O "� �' O �O Oo O, O Oro cr L6 ,...3 'z7 O1 CO A .-' .--' N N N N N N N N N N N N N N 5' X . O V J V V V V V V V V V V V V V V V '''',1 '41D V C::'O O ,,O ,O CO ,O .0 W N N v, vi "LA A IA A J O '� 7� Q. Q'• r N O O, O, ti, J w .p N N O, LA oo J o0 00 N z/1 (p ml N r 4 4 w ,O oo O, w O J w `O 00 w 00 A N Oo 00 C n /� V V V V V V ''%1 V V V V ,!...J V V V V V V V J V ,/T l l IA N N CO "LA •--' J J ,,O 00 w ►--, w O� O� O� N 00 O 00 ,,,,. lll..V/V I�. r� J CA 00 W O� VI ... W J ON VI W W '--' `N O` O 00 W ON �O N ON `O J 00 CA 0 •--' O0, W 000 O\ `O (no n n " N O ,-- O b9 '"0 r J (') V V V '1.4. V J {� .t. 'LA 00 OT IA A W O, W W W W W J J Cr, O\ cn i"� W O J J O N Vt J 00 O, VI W �-' Vt O J Vt O O O O Og• � CA W Vt LAO LAO �O Vt Cr,O, O N O� O V V V V V V V V V V V V O O O P.- O O N � O� `p � � O O O to C0 0 0 0 0 0 OC OC OT ,O `O N iiii —' 0 0 0 0 0 0 �O OT w WC 00 O O O 0 O oW a — N N w -P LA OT O, J J J J J J J J J 00 00 00 A Fis C N O J w O �' w O, 00 00 00 00 00 N O\ qO Cr, O ti4, 4, 00 qO O, oo J OT Vt N qO Cil LA LA to LA P VO to P ( = � • O VN VN V`O ii .- VJ '4, JVO VO, VN VO O VO VO O VO -P 'at. VO, L►-y� VI O, RC1.• 4, O ti, 00 W OT W J N N Vt Vt LI, Vt Vt LA Vt J W C 0 W 00 O, `O W J O O LI,Vt t Vt Vt Vt Vt Vt Vt 00 H O C CO Cel C W n Xi O Pt o - N - - - b-j H �. V V ''<;, V V "...0 V V '1.-- V V V V V V V V �1 O� O �O �O �O �O `O w �-' �. •-.• •.. J J J J IA vt IA .--, LA (!t O O, Lit Vi O, Vt J O C C O O 00 00 00 00 J O, J �-' n C A -4. `O w `O .-' 00 O, N w 8-, ,-' Vt ti, LAVt 4, o O 4, 1,. 1 Gr Cgt V Al V V V V V V 'so V ''.1=. Cr,N V N �O V Vt J V V J N V J V 01 V vt O O O V O V O V Vt �'• �, A Ut 00 W OC LA '-r W O W .--' J VI Vt Vt VI Vt ti, VI J n Vt O �•-' 00 W O` N w N w `O 01 LA LA LA LA LA LA LA 00CD Amor Q r � ril -orn t.,, �, x '''D oo J C 1.#14, oo LA ., 4, A -P .--' 00 n 7 O, 00 00 00 -' c.,.w O� w �-' 00 J Vt w 0 ,,O �O oo -P O �' �` O J O LA vt O LA O w n �►. `O N yl O LA O LA LA O "'d V V V V V V V V��\ V V V V V V V ,,c:) V V J """' O O O O O O •D/ J O L t J '-' O O O O O O rt H 00 OOOOOOQC � `- , 00 d ►�•� N CD < . C 66 66E N w VI D\ O� O, O, Q\ D\ J J J J J J p., '- 4000O, ANv ,.000 .-' wVtJZOv0000AO, O, Vt . ,, ;d ,- '-' A w J 00 A J Vt `O 00 OT A 00 - Vt 00 N O\ D\ W (D V� J O V V V V V V V V V V V CrV V V V V V V 00 O N vt O J J �-' � OO V O oo oo O, Q, O, V w p . O, .. N cr O O til O O O o 000 VI J 00 JO A A A A A A A A U-) N Q, (D00 OOiq N O 66 0 JO iv C J N .__, - r,,r ..,. V V V,O V V V V V V Cc `O V V,O ,JO V,JO -' -' .__' J J J J 'LA W J b9 cm V iP 00 O J O, Vt Vt Vt Vt N N N W N N `O iO z) z) 00 OC O, Lit (( a �O .. 00 N 00 ,,,C W `O 00 O ,C) iO 00 O, Lit W J ON ON W "-' = V V V V V ,..---1 V V V V V V V V V V V V V O o N V vt O J J 4, ,O O, o 1,-) w ►-r O 00 00 O, O\ O\ w -'• . N O Vt O O Vt Vt �-- ,-' iC .-� N `O n 4O 0 O o 0 0 0 A O A `O A O, A A A A A A A wcp bA -3 *T1 -P t V V Vt N N N N N N N N N N N N N Cr X C n V V '',c V V V V V V '1.p. V `1-4 V V a N ,. O`O `O �O �O `O -P V N V N V Vt Vt IA o V Vt -P J J - V OC J O. Vt cm Vt LA N O, O, A tit A A J O, iO 00 00 00 C iO ., 00 N 00 iC J W - _Vl W C C A `l `vl m V V V V V V V V V y y V� V� ~+ `V 1 00 O V_ 00 Vim"' V A O N if) O J J O� 00 J O �O vt W �O N J �O --• 4, CD n, 11) O, O Vt O O Vt Li, � W N O1-' 00 Vt 00 J OQ C 00 ,,c, .p.. 00 n = r n w O w w 0 0 0 0 0 0 -4 Vt `O o O, N J p (D Vt oo Vt (p ( i b CD Po CD C- N N N N N N N N N N N N N N N N N N N N N (I 000000000000000000000 ,.." ''r1 O N N N N N N O O O O O p71)* 4, W N ►-- O 00 J ON v, -P W N ,-- CD CD N N N N N N N \ O O� p C7 `~i O, v, w N - O COO J C to 4 w 1,,j , . 0, ,00,0O 00 O O ►� EL Ro J O� O CD bn C7 'Ti o va No �' a. a r•" N .p 4, -P 4P 4, `O N N -P 4, N N N 4D N < x N NJ k 0, u 0, Oh to v, N u, v, — N N N -- Z O — O O 00 O N 00 00 — O, `O W w D J it `D 4 00n 0• CD . J �. Oh V, Oh CT 00 00 00 N V, J Se ON ON Z tJ, V, �O J J (D N N 0, 00 00 00 4, N 0, ---- `C 4, O, U C O ,p 4, La J a v, -..4 O .-, 4, ,-' •--► ,C, O N O, 4, N -- ., N J -P N o0 N O O 00HN 6,9 N ~ n C W W O .O 00 C -1 0000 .c z Z) w W w C J P.. O J J O Z' '71 O Z Z �, 609 5' GO O• 00 z a O N w u, c:::. J J J J J J J J w O W 4, v, to to to to v, Ut v, Ut v, to J 8 V �' V V V V V V V V V V V V V v, co W W oo ,1 ,O ,,O ,.O ,O ,O ,O Z O Co 00 J w O O -- Ut v, c.A to u, to Ut J Cd O O CD C N 6' z Co H CW , NJ NJ N NJ N b9 DOaJ WO, O, O, C O` J J J J J J J W n F; t� W .p W W to vto U to vv, J '1 V V V V V V V V V V V V V V OI!� LA O� O, 00 00 J `O ‹; `O `D `O `O J 00 J oo J ►-r 4, Ut Ut v, v, v, v, v, J ci ,...• til rt -0 rn t . x _ ft W W N �-. � n DI O� O Nw C O C 00 J C, 'd, IM��,I OQ v, v, 00 J \.O 0 `-' N 00 wo -1 . - 000 0o C) La O N -P `O N oo d x � � o. ,— w— c O oo .p N N N N N N N N N a N CCDD a NOCT WOW 00 oo 00 00 oo oo oo oo ci, 00 N (./, N O, O, O, O, O, O, O, O, J C O E v' O tic N d J 0 cr o N 6,9 C- -. O NN.) N N N H N W w W W w p, O, O, ON O, O, O, N N J vvVv0, 00 , , , , O 00 0 00 J v v v v v ~ . W 0 O W N N N N N "N N N �• D O 00 J O o0 00 00 00 00 00 0o v, CD OC O O, ►-••- OC OC OC OC OOC OC OC J 0 CD D = CD 4, -P 4, 4, -P 00 s'IN N P W W W - -P is..) .- 000 X a n C' 0000 O N 0000 0000 w NNo La 00 — O C O 00 Ut O ,O J DO < ml CD v, 0, LA oho C7, ,0 oo N J ,-. J J O to O, O oo .4. n 004O O C J v, 4 00 C oo W NJ W o. = C"D .--4O - - ..r J w 4:;) OC O W NJ N 4, w oo v, W J n N (rD Eb � .�.j N N N N N N N N N N N N N N N N N N N N Iii a 4 U 8 W N"C O O O O O O O O O O O O O O O al `C N N N N N N N N N N N N N N N N N N N N O O O O 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 fD N� N � Z U?W N`O�o\o\O� � n C� N A N N N C O O O `C E O.)to W "O�p oo J O,,, W N O O O m C' O\ O\o\-- A W `O.O\0\2 w H fD O tp 00 J N N N N N N t. O O O - to -yam' ..,..,,,..,–..00.,,,, �-O�O Oo�1 O w y9 .ti tsi a .. C� ti O�vi in 1�w Ot A_�C.ini.. -t. cn w � O J J O N Cn y �V.�pa w ?to l!�tJ O Y. 'C fP o O t�Cn O to O 7p A t0 J 00 N W oo t W U 'TJ O J O �i vWi v 8 5-m ,-• cn O s u S is-).O cn JJO`TO.pp oOO N 0000 00 t�i�AtptDO0000�pCnNN(J� ' !yy381:;18 . to N w A N A w O O _Q' 2 W 0 0 0 0 0 0 n W a A J tp J W O J to , 177 I S CO§§g 3 S S §1W1 �i 1 y , n JJ 000 p J O N II ` in.WSEZ"”1. 4. 417 W N NWANOtD`JOo00 � ,O. � "'� p �O iVigHigigiinttlt – J t�WO�C O�N�O�WpCpyW f..��JfDw -N.O,w a O - . .) 9O-4 ' '00toOO� �.NO p*w (� 1 X n. OAp�c,,>to�1O�C�ooto '•. y `►7 � I NN.PO�J oo00OAO �fD ""' C oo N IJ�ptI 00 N A 00 O A to 00�O A t0 G i C. w to Oo W N 8 N H 8 N cN 8 8 8 8 .y.. O CD O 0o 0 0 0 0 0 0 0 O O O O O O tJn O O O O t0 .. N N N N N N N N N N N N N N (C•i ti ,____ _ C C�O�p-)�O�p w tJ tJ"v�to Vi in?in?�1�p�O O O N O O,to to,c to J W •� ooA A�p w�p oo O�W O J w tD oo w oo A N Opo oNo c9 y-" N IJ�p in v v tp pp is-, Q.T 8�t.p N o0 O oo J N 00 W O�t!i W J O� to W W O A N W 0o W A OOt O-�00 W O,',p N tp J 0o U O O„W 00 Q.tp tp N D y �.69 n v la N t0 J O Opo A to W OHO W ? V n• 'O O'N O to O O to O 00 U U N�-N W O�O�.o Ot pp tD �G a;�l C O O C C J W i.n oo A p�O:�....C 1+.J J? w, � � y 00 O O O O O w A to p po J pp p� J N C C C C C O O C O O O O O a? J O O O O O J t0 to O�W w`p J O w t0 fD X O 00 O O O 0 0 0 O O O O O O O (OD A O O O C O O O O O O O O O � f~D Vii O (D (D T SI N � •Os N W _N N W W W A A th to In W O "'3 /b . X O�00 N O� O�O to tp W 00 •• ^•' f-Dh w oo to N oo oo A w jD N O O� t0?0�0 Oa •Os w k G "� OcyD �-O in O�O��-�a W A oo �.tp i,i t�i ro N W A to-----8=v5.- � � C 0o t0 00 00 'TJ � 00 00 00 O�to...•ao 00 J N 00 Vi .-j J 0 0 0--N O W W 2 d. to w o0 0o w w in O win O x A OO w`�J t0 t�A J--J 00 (p O O O w N O J J J J as A N A 0 g J p O G CS. d O to O to to to to O O O O tr O O ;� ill N G� O (/' O O o O O 6A [� P y N A A A A A tp N N y. p'p A N t_J tJ `"� C d t'' c� w• C O`U N to N N tp O O O O A U N N N N N N•-•N N N A A N z`� O� 00 O N 00 00 O� 1 tJ�t0 A 00 C� Q, '+ W W W"N VNi-O„O W N N W to N o w JCh C�00 00 0to O�t0 in to J �, O N .,-;:g;t0 00 00 A N g:".2.t0.1'1 N t0 O t0 A w J n O W o0 0o w w to C (a�vpi C G. �t J c.- ....--.-O N at ,--,A N J A Oo �p n O tNn O tJi�cJi�tJi�tJi�O O O O tpii p O (n9 N "' D\ W N N - N N N N N N N N N N N N N (fl d N r, .Til 5D oo.•C.p o0 v CI t;. v O�in..A 1-) v 69 g a C a` O �.N 00 O�O�J J O�J.0,§13 p Oo tD r w A O� � A O O ti S O to t�p O O cn O O U to O to O O O to I _tG O O O OO O O O O O O O O OOOCO000 flO toOOS — pO00000000 0 0 0 0 0 0 0 0 0 0 0 0 O2 S §§8§8 O O C C �? pO O O O O O O O O O O O O 0 0 O O O O O 0 e. p OOOOOpO C7 O O O O O a 2O N 8,T a x , N _ O 69 n 2 y. Qp FNO W_A N O�t�0 W A O�J Owo J OHO OJO J -i O N .7 ,,,� O A N A N A N Oo O O a A w 00* J O�Do `i `� N N W K 1�+7, +� O CNn w cn w 1�to�t 1 in �O oo C� Tl 0 J N oo w oo O O Oo tp N N to J tp Ot O A N 00 N O X C w O C C C C O C C C N 00 N C�p - 1 N W O ,s Ot Oo O--a.p tp A.p w 0 N U O--J OQ 0 0 0 0 0 0 O O O A J O�Ot w 0 0 0 0 0 0 0 0 O O to to to W p A N N N N N W W w W W W W W W W w A A N C f0D H9 d O 0 4i 0 � w 0Cp�VP�_-,S,' '.1 N t?�pp cppm 153, p O`p'O 00 O'p O=-=•�p � ?� O� O 1'4" P v A N,p Oto O p w i A to oo J J Oo t0 e.w t/1 N .+ ti0 Ot w N w o.O�w Ot w owo w o0 '• d z J w N A C�.-oo A v�J J in J O IJ N O.1p o0 J o0 z ` W NO W 01 W O 00 tp N N to J�p O�p N 00 N-- 0 O O C C C O O pp Q IJ 00 N O�p ( 2 a b O p O°O O�tD t0 A�p-� 0 to O--J f9 0 0 0 0 0 0 0 0 A J O O�w ei p 00 0 0 0 0 0 0 0 C o O O N cn cn W f9 y ^ V] — *k .-cn t' 0 S gr§.§ 000000g r oN vo'�lg gfi 5rn�' G N y N �p C. w W O�tp N A J J tp N W pN.ONO A ..� Q, II II �D N w N O OA Np N w W NN tp Ot N 00 �i P� 4. W VNi S U VNi cJl�0 0 0 0 0 0 0)ONo '. x C..�D J A 0 0 0 0 0 0 0 O�a\O�O�O�to 00 C w o N o O J J O"o J J U, In O�H O N O O 1v J 00 J O C.J 0o w J tp pt v DD ,dam Ea,. 7 N O N N J C C In W p Cn tJ 1. O U to S 0 0 O O O O J 00 A —� A O O O O O O O�O�Q.O�O�cr OO �y 4 r� O 69N �N ,tr N W A A wn O e,. N WvAOO OSOO 3N n O iint-§MMA ' NC O O wN w *.r1 T x w 1dg 0° o=0W „Op „,,ypt .. ?:p . ,tpJ '* x N wt2w00OOO ,WWO; N D00 5.c o. NS' exp ? ----.:—P.00 00 0 A_O~p�l�O t0�O tg5r O O w w to 0o t0 tp O O J t0 t0 tp 00 p 1O O U A A N Ot w to J j)oo f E i w_A in:,�w oo w to ,-5,-; O O N to to OHO OHO E OAO O O O O f9 r-'- as• 1 0 `O N O2 OOOOOOOOOvNOtUoO ,, N S SSSOOSSSSOSSS$$g ' o n X 69 y (p N �D I'lJ --W to 0\Oo t0 w to O'J 00.O ON N N tN y p .' J 0o U N 00 w 00tp O N to N i U OHO i OHO Oho opo 000 w y J S el V N ONO i i W N N d O, O•�A t0 t0 tp tp t0 O�•�A A N G 69 � 1AAAAA wwO 0N tAAAtAUtAt:AE stO2A ? +�J0OO CO0C Ow. -- .O v0J0 ow rt.C A NA O 69 N?K O W W W w A A N E. !JiZM'tif"" "twc%,��ppA JAN-pJOHO OSNWwc. , W IJ iA O��--•00?to J�1 i.n v C tJ N�p�tp o0 J o0 C� �.a O tr W O 0o tp N N to J�O E O A N 00 N n C y W O -•�D Ot 00 O,--,O�t0 t0 A t0�-w O to�p...J (� (9 A b n.o •• C7 `-`' N N N N N N N N N N N N N N N N N N N N N N X7 I17 N N N N N N O O O O O O O O O O O O O O O d ,.g, ry x to A W N—O,, oo J O,, p,00 00 0. , ,1 y ^ 3 [3g- D . N N fu f3 O l� y O�to .00 J O.,A w N...O`OO 000 JO F ~ ... 7).21;' O P. ^-�- ^.c•FIL°:."� R N ..3 [17 `‹ c c-3 o O w ,tp gVl y N y y•S11 ~i a. N Aa.y y N " a 11: ww�wr O�isIO O k W �3 iii O lD l�D l�D f4 K O O g 6/9 N ~ -t `y CJ i'oo i g w N N---N N N N N N N N N N N. N D. y 00—O�O 00 J A to VA�1 O+cn VA N �,1 O0 N ' ' sl .O n O` O—O —N 00 g O�J J O�V 6O 00 W W A ^ G O O O Cn O O cn c�O O O to O O to to O to O O O to "�' W O a n O C 0 0 0 O O O O-p C VpO O C O C 0 0 0 O C v a p, 0 0 0 0 0 0 0 0 O O pQ O 0 0 0 0 O O O O O j g• . ......00.—..0 0 0 0 0 0 0 0 O O O a a N liU N N nFn'N C r9 00 AO N A N-N o0 O O ? J 00�O DO V O:to C, fj A W a l9 '-) IN N VA E. -00?(A�d J 7,J O tJ fJ.. W I 00 y, 9 phi y n -0 O to w cn w O oo�.N N cn O N fg N- t g y•C W O �O O�00 O--C��O�D A..''2—T,O to cn O V d0 to V E.,O Vl V O C A N N N N N W w w w W w W w w W W N Ft-i N • ; 1 VO N VIZ A N VA N? Oo ---,D W O N �O 8 O W A A tJf DO J V 00�O�O W lD -y' N � O �y. � — A J A N p J 00 O O O�A W N W O�p�W V 01 W •� ..i 00 Q V] ,�'C W IV�IT—.2,:, �00 I.-.1:0 ',i; to V�1 t1�V C tJ IV OpQp�O 00�1 00 O� n' e o o y n 0 Ow O W' OWO O- ? W O CAN VNi p N v OCC) N ao ,_- E • n �O W N T. o ac .�,,ON�: oio � .i•4 vfa 2 .p�G7 C7 C m o S +8: sar$O uS to C 7 CGaax g§ .§Q - y 0a0a 1 O i O y' w _ y F a C N N w A to O C' O�J J J 00 00 pp 00 00 00 00 to A O .-- 00 O�O V cn O N Cn 00 O w O�O�O��O��O w J O �1 0• C� JA A 00- A 00 O—O 00 tl�O O O O O f)cn O N `-' 00 N tJ�p CA- (!�NOtJ tJ IJ N tJ tJ O�V tJ .yi � O c 00�++O..i'888888888888` tVii . a. 8 N _�_ ^ �• o_� p_� H ti O -...i O O O O*+c`ii`vDi g ttn.�P O O�"4(6' .F A a:0,:. A w A to 51. 00 A -Oo O to oo cn cn O O O .„c�cn N •f 00 tJ IJ\p(h=••J /�N Vf pN O N IJ tJ hl tJ tJ C��1 IJ e e e p O O0 W O��O O O O O O 0 0 0 0 0 0 0 0 tVi� O 1"ir N 'b`''C p W w oo O�On in A tJ V O�O�O� fi9 n" � g -§ §§§§§§§§§§§§§8§s§§ onOQQOov o000oo$oi°o°v°, o •o' N n o §Ooz50000gogoboogO§o$o§0 — �� 0 zi 00 __— •try w N t/'r rJ J'� -- 21 C11 :s C v+•.�:.Ln^�' yr J cn LJt v+ O 1 O ;,f •+ h l N `,- k 4,0 N O .toss = U V � v X §§§ a mi,-. :.- N vg �•° --q.§g. b ti0 0 V n caro a o a. J v C P y Q J J J 00 00 00 GA r^ b A W v OAO v Es z U W CUlf w .W J v N n ,,W C pCp to C l d N tJ%n�p:-.Wp�,�...V—C�p� H .. O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 S O 0 0 0 fi H°f w, N yw�., 00 ... �.N WJ�W W W r tJ� n O --.7., � �� t� O, 0o ?N N! JON! 0CV ., J —O o00O, _ 0" O (00000OOOpppOp0 0'0.. 000000000O •A —N N N--•--.N N N N N N N N N N N–n �„\ v -tJ O 00 Vf O�CpA�00 O�Vf�p W IJ tJ i�• t —"""."-"Vol., n ••• VAi SO,VNi O O CNJ�to pO t�A O VJi O ppp�-,1 O ppO O VOi O Vppp�i t8pr m" O g El O 0 0 0 0 0 0 00 O S O C O p O O S O O O O y G7 0 S a o c, a N No ry o. y -----.7-",—;t3 g O y iy � .-� � N w A A cn V oo�O C tJ w Z 0 O `p O O O ZD 00 O N W .^V J J O§J O J � � O O � O A—W O W—J A�p 00 O OO O�—w...00 O W•--. [�ly �Q. p � d � t� O?�-In??-1-.0:. v J�C-0.,,.,E, 0 l..W=- �-}� -< 5 N s — O p O oo�O w W W.p N N�n N A—ti v W v N G 5 ' �p ii' H y y ,---...—...---0—.O O—A---0 �O�D A�O—W O to cn O—N a 00 o tri a r � . —�N'ANN w•N.•Vw•NA�w•• W�O�W W W W JW Nf C ,ON k N -NN W W W°:wWW., wO -z.O O n yn Ao;w8z,,-. oav�swt,-.? - - ,)000 .– my C N VppONNAw§, opJN . _O1 < < z7< aaH a ya cro r3 0 _ z �, ,, p -A H---- ___ '43NWA NCn JTiR0 OO -- -)Ow VwV.A e,N O O s vn-oowovo0o0„528wo .o0000000y0 t * 0 0 0 0 0 0 0 0 0 0 0 0 c n c n c n c n�,�„�,�,— ifey .-. IVWW WNOOCNNC�A t!�toNN O 0000 J C).JJ ;, , ' x x x x x x x x x x x x x x x x x x x x 00 R .. A fp b ^ 8 sv cu ._j N N N N N N N N N N N N N N N N N N N "d "'► O� N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ni p� N N N N N N N N N N N N N N N N N N N N 5 C t0 Do J C.to A W N O O o 0 "C t< O o 0 0 0 0 0 0 0 0 0 o O o 0 0 0 0 0 0 TJ G. N O\o\Q` O n N N N N N 'i:'? O `C A� to Q`U A W 1:3 t2 N N O O O "� W N\O Opo Ot A N OO O\O\C. N n O t0 0o J Ct to A W N—p t0 oo J 0 N N N N N O O O "'! E 0.- "0 CT)to A t.': N1:3 O t0 00 J O•U A W N p t0 0o J •(-:' O O 1 PD CSD• 6A r• w f,9 `, r. O. 00 C• to A W C• A A O.In A A W W N A to N N to W `b C 00 O J O N In y — tJl 00 A A�-A 00 N a\ A "3 W Go.T U to�C L.a N V! 1 O (.D J O to to O to O:',51 A t0 J Oo N—W oo A W—to .�• O J O J J O N^J U J O`O• D rcn D N O O o O C o N a.A— to O to to p to C tJn to O C � 0 0 0 0 0 0 C.to A t0 �t0i�Io 00 W�'IV N in �? '�< w,, C O O`C v 0 0� C j � vii IS W 0 0 0 0 0 0%W to A 21 t0 fl J—W O v t O o O C � 09. �� O C ^O �j p.^^~e�� tp v, 0 co+ it v3 tr' O J 2 CC NN O W N N W .. to O.O•J oo oo to O O—N N W is b9 o O CD W O trf W O t0 Q` N t0 Q`W 00 In a\ N C• ti �� x O 't t0 N N W A In C.a`C•C.C.Ot a`C.C.C.O•J J J_A p -fit 00 A' '1 A A 00 :O Oy 0o J N C�0o a O 01 N LO S&w a G. _ W N N t0 to-�1?w 1•.-•at w cn .T C(D 7i ti . — ..�A SO t0 O.S.J v J v v v v v v v CT N v O a CT N N N A C.J OJO tJ0—000 O A O .+ G fD Q 0„ 4, O LA OO 00 La W CT t0 W W CO N A 00 O A to—0p t0 A tD < d to 00 W O U to to U 8 to to to to to to to to to J — 0. tJ N 0 In -.1 N Na N tJ N TJ TJ N N tJ N a•,J v ,. o cD 2 pp-. 0 lD o oo W leg t0 O O O O O O O O O O O O O O CD O y A 0 `77 0 0 "' A N N N N N N N N N N N N N N .D O O t0 t0 t0 t0 t0"\w1�N N y n% n VA n A J t0 t0 O "' O d d. J A ___69 NC� O A A tg0 w U C`In A N N t to Oo J OO 0o N C/,O G'C' FA' N O.8-0 t0.D,D�0 O.C.a` A tt A Q' � 00 C.W J W tp 00 W 00 A N 00 00 may � '^' � O C`�+�C�CA lr J J J J J J v J J C�t,l�C�� �� O. to tJ tJ�p if, v v t0 C,::',W W tJ Oo O 00 < eN A•D w t0" 00 N J J J J J J J J J C.N N O ,,.� Cr E Oo W C`to — W J O. W W O A N W 0o W n' O Co N N,p In v tJ tJ N N N N N N N N N CT 4 V < O' 0' O—00 W C.tD N C. t0 J Do to O—C•W 00 C. tD t0 CD CD W In 00 W C\to—to 8 0 In 0 N 0 In 8 0 0 to N J n' E �� . ...... O 00 W O•t0 O O O O O O O O O O O O O to N '+o E fD n Ca.D A " `C G. r r---- �] A N tp J O 00o A In—O O to.D t0 o Ot C. Vii `O a: v N... w 69 . N —y w 00 W J Q` A— A d O N N _ N O to O O to O oo to U N N w C.C. to t OO , 2 ?' W O t0 tD J O O t0 Oo Oo C.N . a n , O O C C C...z..1 win 00 A O fO-•-•p v J y n� O �+to�+O to O to O to In D to p -" 01 O O O O O A U p 00 W A J 00 O.C•J to Q\ d" O O O O C 0 0 0 0 0 0 0 0 0 0 — R3_ J O O O O O—J t0 to Ct w...W tO J o W to 5; O O O O O O O O O O O O O O VD 1. O O O O O O O O O O O O O O A t0 LA O ca 0 4 fD (n _ �._N N W W W A U to In to W .�+ .. "� ph '... A W 00 N N W OHO A W N O Ot y0 A Ot 00 O CD �' "h 'O'! J �• 6A D y. V)A oo VO In .1 X . — 1...1 A tf p r,a g - fD ,40 —o•in o•a.- i..1� —�1 J..'be 1s—— 0 w y w E `r7 CA— 00 00 0o J o•U v opo oJo°J°N oo to -Ci ,, A �oo tp o0 00—J o 0 0—N J O w w J J o ^' L7 EL � -�in w I.0o w w in o w I.p � � O O—A--00 W—J t0--t0 to A J — J ca CD O CD E N O J;-.-„I J A A N A O t0 J GO a g n' a O to p�'N �/+O O O O to O O X, . N ER r 2 .., N A A A A A tD N tJ 11 4,1a 4,"p tJ_N tJ 40 Q'—3 C d a I. g y Ct 00 O N 00 ONO N to N N N--tp O O O �� � CD g � N N N N N N— '14 N A A N �`� lD " VO W W tD r 1 In O A Oo A ��f a p„O" g N N N N§C�J OO OO r. W 0 g C OO OOo O.O A 0.N Com. N J a.a. t0 to to t0�]_1 y — W W U Ot Oo W N W tr CyD W O • t0 A 2 t0 O t0 A W J n' 5. W —In W 00 00 W W IA O W to p .y O N O.A N.-'A N J A N oo CD o N O J J J J A A N A O tD �' y to O to U N to 0 0 0 0 N O O CD f] = f8D12T— O• W N N—�. — N N N N N N N N N N N N N69 b CD N r— _ 69 T! co r] CD A �- O�D oo�1 1• to �1 at In A Iv tJ——N Pp J . 2, C Q` O—O —N 00 CT C.J J O.J to 00 t0—w A a, N N —O O 'j, O O In o 0 to,..o 0 0 to O O,to O to O O O to O N y O O CD o 0 0 0 0 0 0 I.0 0 0 0 0 0 0 0 0 I. . O O lh O O O EL C O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O o C O O O p o? p ��+ . .................... Oo000000000oOoOo000o C) 0 00 0 0 0 0 0 p ^i d o 0 0 0 0 0 a o N to . x c� x y "h N _ R. y 49 I. N u A y C.O. 00 40 C" N W A to a.J oo N O A N A N N Oo p p w 00 �°w O O O f D -fit N cD O W 6A N K �] W N:p a.—00 A In J J In J O IJ fJ 0 00 J 00 a. •.. X 'flW J N Oo W OO a O O N W—to W 0 0o tp N N U J t0 a\O A N 0o N— O C O O O C O O C N 00 N p,D .y. O A' W O— tO O.Oo O — Ot t0 tO A tO—W O to to O—J O OJO O o 0 0 0 0 0 0 0 A J O•a.w cTD 0 0 0 0 0 0 0 0 0 0 0 to to W C<D 4,'4 0 U 1 T a Ci O 69 d 69 t< VD ANNN NNW W W W W W W W W W WA R N Fir O 69 0b9Q O N 1O N A N A A Nt0 A iO 9 A'g 10 O0 J,00W tp—t—2D .0 N WwWw— 5rO 0• W N 74 O.-' J 0n O O in JW NNW C.Cp Oo J GrW y O O O O O O O O C J DJo No W fp ('d .O OO a O t0 OA 00 C•pNtND OJ 0 wp A N OOo N— A 'Jo0 O 0 O 0 O 0 O O O A tJ Qtot WW n y O s7. a- �i hl y trZ 0 W til Et- O� tw to v►tri A A A A A W �' C ~ ,�,��11 A—00 a w O O.A N O O J O. A O• [V v O to to to �to to O to O O U O ' y O L� oab 0000000 d 0 (D O C O O:o O 0 0 0 0 0 0 0 N --., g pj/OA1 0 C O O 8 O o O O o o O O V r� aY l J 21 5. O"11 N xnlig OW N N N N N ', MOOpA7 I N, w N W N o D`N N W W N D gN oo a "k3 o N O N N� O O in W O in J N(D Nw A O cO O O cccocco�o 0Ca a. ,d oo w N 00 o �o CD b aoo. 0, C`— a,0, cnC 0 UM O 00 J OJo V p CJ. 1 N 00 W'.:1 t0 O.J 000 . a g y A U O�+to�n 0 0 0 0 0 0 0)ONO n' 0 0 0 0 0 0 0 C.O.Ot C.C•to 0p (D O �_ `< 6A CD U N — b N to Ocr Wo w 0 P 000 o LA v O A 0 two 0Wo ng. LA 0,11000 to O to 00000 �' y 0 G7 O 0 0 0 O O O O O 0 o O p — ID N fD C ............. o N O o 0 0 0 0 0 0 0 0 0 0 o O to w EL mO A d O --N w w A to to to to C•w p N p. —0p to 0o Ot W J 0o tO o O i . tl !`� VO to to—AVD N w to J J 00 [D .q C. -r w 4a in—w oo w" ,0,0"J� x w W a A W W tD tD A A a`C. w _G. o o t';',to cn o0 00 00 00 0 0 0 0 7d W oo < J o N ,, 7d N A la o0 00 00:A,O D�1 40 40 40 `'3 W w _ v O O 2g 2 g 2 N CO.W 6,J v Ogo . a W 1�in W oo W ,D�0_J— y a A w•D to A A S C• w 2 ®ate O O t.''A)to to o0 00 00 00 0 0 0 o tD r� e. 69 [n O• "O fD O it A:12: _tWp JW WO tWo,L:..1 NW W Wp tNp N Q`N N N N.'i.:). W1,'. NN � 2 OOtoO0toOOtoOooOtotooOOtoto N O C O O O C O O O C O C C O I.0 0 0 0 0 e O O O O 0 O 0 O O O O O O O 0 O O O O 0 0 0 0 K N — O. to N N_N N (9 m -W tN C.00 t0 N W U T J OO tD O N- k J 00 to N 00 W 00 N C.t0 O--N In Ja N VD J J N Oo —C`to at at 0 O W -'J CT J J W N O 00 t.1? a � Ct to 00 tD 00 00 00 00'-+—Ja O•O•C/�00 t0 t0 W N CD Q. C` O—A————tD VD A 40 VD VD O.—A A—N 3 O 69 d C CD 00 a. A A p p A A A A A A A A A A A A w 5r'4 R N to Q`Ct to to to C•Ot to C`C.C.to Ct to Ct to Ct A W O J 00 O N 00 00 po N—Y.p--J O tp N tp N N C Pi N 00 —a.v.ata.COw—Ja.�tJwNOOotoA — '& O 02 12—O O—00 00——A t—%Op tQo 02 10 10 W—N AD O ®me VD A N N N N N W W W W W W W W W W W p,A N gt.x A7 NO N A A A N 10 t0 o W. 0 J t0 A DC-3 ODo G W Cp w C0 — A J A N tD J 00 O O ST 1..W N W O.O.W-4 C•U.) , g W N A Q`—be A in J�1 to J O N N Ot t0 0o J oo z .D t� O to w—to w 0 0o tp N N to J tp E.'. O A N oo N— n C y w O—tO O oo O—*tO t0 A tp—w O to tr O—J fD CD . rai No JNcO O O O O O O OoOo odOo O O y J ,ONONOOOAN—OOJDuRo vFS!�X Cy u Non - .NuwNN O.DooJ AWNOC cr O [1�'�/�' � d X Q g7 X X fD _ C .r rn R. C (D y' N y .w. N ai -t,, ,,, G. rD .' wwi�•wner �N— W fD Q C C C. O�'y �p�p 3', a. big -t "i �j 3 Q. W N N-----N N N N N N N N N N N N Ntl, `. 00 ! II - vy rn c. 4- O—.O2ooNOAop� vcsJoNo�p-WA, WWi . 2O OCnOOuuOOOOOuOOOuOOCOCOOOOOOOCOCOCCOOCo 000000000000000000000 �ooo hriV! WE- ? — �' Q' 0• 'ts to N�, O "� ti dyoo N T oo�O O tJ w AinO O O " in (9 .. O� O -- O�O-�W oo J oo�O oo J O�u Oi a " A !;:1,95 - A•N A N A N oo O O—A W J Oo Q� W v Q,z y .� • C,--oo A U v U J 3 N N 8 eD oo J-, ^' G.X Iliq ',6A.t. ,22!0_0.....- 35�OO�OANooN— OtotoO—J 'A O O - ^' ° � O �"O �p A N N N N N W W W W W W W W W W W A A N Q'.,,,� �O N rn C A�.�A ..- �O O-D-O Oo�p,O-O——L,O - .Ui N O N—N--�p�O O W A A u oo J J oo�D�O w ..TE, � — ?J A N JD J 00 O O O�A O�W V I p�W N _O r Q `,6: N O:--Oo U J-I C��O 00 J Oo O� 0 0 0 a"ti g, O N?!..i.-to W 0 00'D N N Cn J.-O�O A N Oo N— w_ C w o �00�000-0�.o.oA�o-� ouuo-J N C—N Q- 00 ar /� O C O 2 g c.3 N OQ GR N C �p W N b ;TIT .� c` o J�a C to v.to?x L,= s-Z•.Ti► o p, - -P----:-- ,---. .._.O u u,r ^d to o �.- E. a n. Q. o c8=jo .: �- ^cc's = y G O 5 .c`0_d__ O Ct 0 ory 0 o fi A E n C f �. W <D "Mfffflii!!!!!!ifl �1 Jo000000000000000�O�C twopOJ. .. �, N u ooOwO�O�O�O�O��OwJ p -cJ w•O—O00InOOOOO�ptoO Nay. wE. sk n N cn cn C N N N N N N C��I N R. W O-oo w Cm�O O O Oo 0000000 O O O cJii wa 0. W '' ' - '0',"--6.4.-0.-t ," N ,--.7-b,, _....t.2 a, a w O �! C O C �O c0�O�D 0o W w W c,,W o0 w w w O�O�,, „ O " _ d_ O Q�to to O2 to A O�O�O�O.4. O�Q.O�O�A A u Ay A�C W�O—0o O g a Oo u u O O O O�O u N O 0o N IV cp cn--J cn N cn to O N N u N IV N 8 8 0 0 oo . w u oo —O 8 O O O.to.to cn cn to cn J n O— �p 0 0 0 0 0 0 0 0 0 0 0 0 0�o y O~ O g. N �'' O Ir c, d bA b illiiiiiIiiiiiiiiii N `0 Q��!Q �O�CO��- 0oAg. *i O 00 O�W O O�O�O 00 A O coN 'u OOu Ou OuuOW0000000000 ,t a: OOOOOOOOOOOO O O O O O O O O O O y fiA O N 0, 5 . ,ext r2- 8 e.. 4• s Q�uruu.^ M mo ^ n, . N C7 x Ic o „.;,,,,,.,...t;:_.,,;.;:a ....,, J r. '� �,f° .� �. O I" < vj .. C/� O �_.oc co g 0 y adig o �, agog ,oma N O p O 11 P 5 y Q'yz. F. �.,.i.. '00W � WO�QJJ,Jo OD�—A W— NO WtoO— Ou .a.OJCOCIJcOCOuOOOOOOOOOOuOOOOOOOO fi N (-5'...., ,. 00 �o o�D �o"oNo w w w w w o0 00 00 00 0�N oo w w O y 2g - ,,,,,,f,,,,,—,,,,,,388.., o O�v, cn W T Q\O�O�C„,v,,In A —A O� A oo N oo�p J,, u A u z O„o 0o O.u oo.D�o— ?: `. ""- „--888...... O N cn C v v N N N�O--w w J 0 c0.C� J O (888.0....to u u u O O O O O O O O O O O N n u O O O O O O O O O O u c9 H3 A —N N N--N N N N N N N N N N N .. _ z cn oo N—O c0 0o to T c n oo^. Q to W w N.:—A N g (p A — N N w�p O�O� J�O J 00 O W O — n to O u O O u u O u O u O O u O O O u O u u O �7 O O O O O O O O O O O O O O O O O O O — 0 ,,,o z tp o 00000000000000000000 cnc (9 N t.O .ti H 0 y � O O� N W A A to J 00�D C--N w A O�C.�]oo cp" a d. � � y w � � � F. � A 2 a�w��.NA�ouo 0 oJo��D o�p�N vpi� y iv �scn O t a cn A w.' c0 00 w- O-I t O cD c0 — . 9.. 0,1 < < y r."5* (Q A O O Oo 1,W W W,D N N u N A—u�p J W J � G� O �p n H py J .° A�• Q` A�O—W O to Co O—J O �'y < a a C- ., °� ca. '''''' '7"8" z v o 5 ��y �i�X T C/� cn —N N N N N W w w W w w W W w W w w W N Q 3 _ a <. O (� 'O n O v N?N.A... to,t W�A W two Oho J OJo J laD O. N a g x u A oo O7 —W W N O N 2 �_. a -7 r :,4,.. O A N-A J J tD'4 O�o�O fn rag V1 (': O O 00�p W W w�p N N Cn N to�p J W J O� �� O < < g q< C J O O—A --O��O�O A�O—W O cn to O-J g• �•fD C A. r —or y i r. O N =" z r N A O O .p._ to cn O—�- — -- N w A N W u u cNii O • 00 ;O 0o A O; Q J N O J�cn �O N O O O.c0 c0,D—i o—W�]Oo Q� stn N Es; N u s O� O� O w oWo W 00+ O O O O O O O O O O O O O O o r } 00 00 00 00 0o p.u u u u u u u u u�,u u�p pg,tNW W w w --• OOw�p y KNO�A CnN00 - FJA�O �pXX X XXXXXXX X XXXXX X