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HomeMy WebLinkAboutConfirming Tax Abatement - South Bend Redevelopment Commission/Oliver Plow Partners LP (7 Yr. Real Property) RESOLUTION 4122-11 Passed by the Common Council of the City of South Bend, indiana September 26, 11 20 Attest: � City Clerk ` Attesfi� President of Common Council t Presented by me to the Mayor of the City of South Bend, Indiana September 27, 20 11 City Clerk Approved and signed by me �P p.]' �mha r �7y 20�_1__. , ���-=' r��-- ������� �' , RESOLUTION NO. �l 2-2�� � A R�SOLUTION CO�TFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY QF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 815 OLIVER PLOW COURT (PROPOSED ADDRESS)# AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN 7 YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION/OLIVER PLOW PARTNERS, LP WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area located on the northwest corner of Oliver Plow Court and Chapin Street with the proposed address of 815 Oliver Plow Court*, and which upon completion of the replatting and recording process,will be more particularly described as follows: Lot 2 of Oliver Plow Works First Minor Subdivision* and which has Key Number 018-3061-2351 presently at this point in time, be designated as an Economic Revitalization Area; and WHEREAS, petitioner has agreed to and has accepted responsibility to report any changes in the final legal description and to report the final, appropriate Key Number to the Deparhnent of Community and Economic Development and to the Office of the City Clerk; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing befare the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and ' Currently identified as the east 4.4 acres of Lot#8,Oliver Plow Works, lst Major,Sec 3 located on the northwest corner of Oliver Plow Court and Chapin Street. WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property t� abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of seven L7� years, and further determines that the petition, the Memorandum of Agreement between the Petitioner and the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et sea. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. Mem er of the Common Council Filed in Cl�rk',� �f� � � SEP -� � ��� � ' ; ; PRESENTED _ �. —2�0—�1� JOHi1E �r�°;xwt,� ._..,a cmr c�e��e,s�u�-�����,�� NOT APP'RO.�I.Et� ADOPTE� q,—L�o—I,) TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 11-54 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOW AS 815 OLIVER PLOW COURT (PROPOSED ADDRESS)* AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 5EVEN 7 YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION/OLIVER PLOW PARTNERS, LP RespectFully report that they have examined the matter and that in their opinion, this bill is being recommended to the full Council with a favorable recommendation. This bill was heard by the Community & Economic Development Committee. Timothy Rouse Chairperson, Committee of the Whole o`�s�U; IH�B��'d IZOO CAUNTY-CITYBUILDING �.�i ����� ��j a PxorrE 574/235-9371 � �� \� ,�„ .� .. 227 W.JEFFERSON BOLJI.EVARD W, �� PEACE FAX 574/235-9021 $OUTH BEND,Ixnvwn 46601-1830 S�N \` I��,��a�' r y k 1865 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY � ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR September 6, 2011 Council Member Timothy Rouse, Chairperson Community&Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Commercial Real Property Tax Abatement Petition for: OLIVER PLOW PARTNERS, LP Dear Council Member Rouse: The petitioner, Oliver Plow Partners, is in the process of purchasing 4.4 acres in the Oliver Plow Industrial Park from the South Bend Redevelopment Commission. Oliver Plow intends to construct a warehouse/distribution facility to accommodate a tenant,ABC Supply Company Incorporated. The building will have approximately 40,800 square feet. It will be a pre-engineered steel facility with a masonry wainscot or fa�ade. The building will be of high quality and will match the character of the surrounding industrial uses near to the property. The estimated cost of the building is$1,750,000. ABC Supply Company is a distributor of exterior housing products. They are a primary supplier to the construction industry which will match the current uses found within Oliver Plow Industrial Park. When the designating resolution was passed,the Petitioner has just begun collecting information on potential suppliers and contractors for the project. For this reason they were unable to answer the questions related to suppliers of construction materials and construction contractors. They intended to submit this information prior to the Common Council meeting to consider their confirming resolution. At that time the final points would be awarded and the length of the abatement term set. Based on recently submitted information,the Petitioner has scored sufficient points for a seven year term. Per the petition,it is estimated that the project will create two(2)new,permanent full-time positions with total wages estimated at$65,000. It will retain ten(10)existing permanent full-time positions and one (1) existing part time position, including two (2) existing permanent full-time minority employees, with a total annual payroll of$419,958. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL 8L PROGRAM PAMELA C.MEYER DONALD E.INKS ,. MANAGEMENT 5741235-9GG0 574/235-9371 ELIZABETH LEONAAD Fn�c 574/235-94G9 574/235-9371 � Should you or any of the other Council rnembers have any questions concerning this letter,or need additional information,please feel free to call me at 235-9278. Sincerely, � ����� ��� Kathy Hahn Economic Development Specialist cc: South Bend Common Council Members Mayor Stephen Luecke Jeff Gibney Don Inks o`�s�U', IH/8��'d IZOO COLJNTY-CITY BUILDING ..�"� ��\ /�� �' PxoNE 574/235-9371 � � \� �\ ii�i ii d Z27 W.JEFFERSON BOULEVARD / FAX 574/235-9021 W �\\EACE/j � SOUTH BEND,INDIANA 46�O1-IH3O S"� „v� �a�' 1865 CITY OF SOLI"1'H BEND STEPHEN J. LUECKE,MAYOR COMMUNITY � ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY February 2, 2011 EXECUTIVE DIRECTOR Council Member Timothy Rouse, Chairperson Community& Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Commercial Real Property Tax Abatement Petition for: OLIVER PLOW PARTNERS, LP Dear Council Member Rouse: Please find attached the Department of Community & Economic Development's report on a commercial real property tax abatement petition from the above-referenced Petitioner for property they intend to purchase from the South Bend Redevelopment Commission. The property is tentatively identified as 815 Oliver Plow Court (currently identified as the east 4.4 acres of Lot 8 Oliver Plow Works, lst Major Sec 3). Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The report contains the Department's findings relative to the above petition. The Petitioner, Olive Plow Partners, proposes to construct a 40,800 square foot warehouse/distribution facility for a tenant,ABC Supply Company, Incorporated. A representative of the Petitioner will be available to meet with the Committee on Monday, February 14, 2011. Should you or any of the other Council members have any questions concerning the report,or need additional information, please feel free to call me at 235-5835. Sincerely, ��n ������ Bob Mathia Assistant Director, Economic Development Attachments cc: South Bend Common Council Members Mayor Stephen Luecke Jeff Gibney �.e���l�s COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL H�PROGRAM PAMELA C.MEYER DONALD E.INKS MANAGEMENT 574/235-9660 574/235-9371 ELiznaerx LsoNnxD Fnx: 574/235-9469 574/235-9371 �SpU TH 8� O �\�Il��l���/��i�'�O 12��COUNTY-CITY BUILDING ..�"r ��\ /���� PxoNE 574/235-9371 ZZ7 W.JEFFERSON BOULEVARD � �� \� ���� �� ~ FAX 574/235-9021 W �� PEACE// � �\ "�i $OUTH BEND,INnuuvA 46601-1830 �"� ��� ��.,���� I865 CITY OF SOU"1'H BEND STEPHEN J. LUECKE, MAYOR COMMUNITY HL ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR TAX ABA TEMENT REPOR T TO: SOUTH BEND COMMON COUNCIL FROM: BOB MATHIA SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: OLIVER PLOW PARTNERS,LP DATE: February 2, 2011 On February 2,2011,a petition for real property tax abatement consideration for property tentatively identified as 815 Oliver Plow Court (currently identified as the east 4.4 acres of Lot 8 Oliver Plow Works, 1 S'Major, Sec 3 and which is being replatted)was filed with the City Clerk by Oliver Plow Partners, LP. Pursuant to Chapter 2, Article 6, Section 2-82 of the Municipal Code of the City of South Bend,this petition was referred to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition,investigated the area, and makes the following report. PROJECT SUMMARY The petitioner, Oliver Plow Partners, is in the process of purchasing 4.4 acres in the Oliver Plow Industrial Park from the South Bend Redevelopment Commission. Oliver Plow intends to construct a warehouse/distribution facility to accommodate a tenant,ABC Supply Company Incorporated. The building will have approximately 40,800 square feet. It will be a pre-engineered steel faciliiy with a masonry wainscot or fa�ade. The building will be of high quality and will match the character of the surrounding industrial uses near to the property. The estimated cost of the building is $1,750,000. ABC Supply Company is a distributor of exterior housing products. They are a primary supplier to the construction industry which will match the current uses found within Oliver Plow Industrial Park. The Petitioner has just begun collecting information on potential suppliers and contractors for the COMMUNITY DEVELOPMENT ECONOMIC DEVEI.OPMENT FINANCIAL&PROGRAM PAMELA C.MEYER DONALD E.INKS MANAGEMENT 574/235-9G60 574/235-9371 EciznsETx LEONARD Fnx: 574/235-9469 574/235-9371 RE: Tax Abatement for Oliver Plow Partners, LP February 2, 2011 Page 2 project. For this reason they were unable to answer the questions related to suppliers of construction materials and construction contractors. They intend to submit this information prior to the Common Council meeting to consider their confirming resolution. At that time final points will be awarded and the length of the abatement term set. Based on current information, the Petitioner will score sufficient points for a four year term. If they score all of the points for construction they would have enough for seven years. For purposes of consideration of the Declaratory Resolution we are estimating the term at eight years to allow for any extra adjustment. Anything less will result in a reduction in the amount of tax revenue abated. Assuming an eight year abatement term is approved at the Confirming Resolution,the total taxes to be abated during that term are estimated at $ 192,799. Total taxes to be�aid during the eight year term are estimated at $224,308. If the term remained at four years, total taxes to be abated are .estimated at $109,044. Total taxes to be �over the four year term are estimated at$99,509. EMPLOYMENT IMPACT Per the petition,it is estimated that the project will create two(2)new,permanent full-time positions with total wages estimated at$65,000. It will retain ten(10)existing permanent full-time positions and one (1) existing part time position, including two (2) existing permanent full-time minority employees, with a total annual payroll of$419,958. ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted finds that neither the petitioner,Oliver Plow Partners, nor the proposed tenant, ABC Supply Company, has been granted or been associated with previous tax abatements. However, Holliday Properties, a major partner in Oliver Plow Partners has received previous tax abatements through various limited partnerships and limited liability corporations. 2. The Building Commissioner has reviewed the petition and finds the property to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds that the property is located in the Airport Economic Area, which is a Tax Incremental Allocation Area; therefore, the petition for real property tax deduction must first be approved by the South Bend Redevelopment Commission. 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for up to an eight year real property tax abatement under Section 2-83.1, Warehouse Development in the Economic Development Target Areas, Urban Enterprise Zone and Redevelopment Blighted Areas. CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for real property tax abatement consideration and pursuant to I•C•, 6-1.1-12.1-1, et seq•, and South Bend Municipal Code Sec.2-76 et seq•,for this petition states the following: 1. Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: This is the redevelopment of an urban, brownfield land site that has been remediated by the City of South Bend in preparation for redevelopment into a productive building site. The new industrial facility, to be located in the Oliver Plow Industrial Park,will be a pre- engineered steel facility with a masonry wainscot on fa�ade. The new facility will be of high-quality and will match the character of the surrounding industrial uses in close proximity to this paxcel. This is a new, improved location and building for ABC Supply Company to run their operation in this region. Land Size +/- 4.4 acres; Building Size +/- 40,800 sq.ft. 2. Describe the overall nature of the business and of the operations occurring at the Property(attach additional sheet if more space is needed): ABC Supply Company is a distributor of exterior housing products. They are a primary supplier to the construction industry which will match the current uses which are : currently located within the Oliver Plow Industrial Park. 3. Estimate the dollar value of the project(excluding land): $ 1,750,000 4. The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement: $N/A 5. (a) The real property for which tag abatement consideration is petitioned (Property) is owned or to be owned by the following individuals or corporations (if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Ezchange Commission): NAME ADDRESS INTEREST Oliver Plow Partners, L.P. 227 S. Main Street, Ste. 300 100% (Rev 10/23/06) j : South Bend, IN 46601 ,'(b) The following other person(s) lease, intend to lease, or have an option to buy the Property (include corporate information as required in 5(a) above, if applicable); NAME ADDRESS iNTEREST ABC Supply Company, Inc. One ABC Parkway 100% Beloit, WI 53511 6. The commonly known address of the Property is: 815 Oliver Plow Court South Bend, IN 46624 7. The Key Number(s) of said property is: . 018-3061-2351; However, this property is currently going through the process of a replat and it will be the petitioner's responsibility to provide the final, appropriate key number to the necessary authorities. 8. A legal description of the above address is described below. Lot 2 of Oliver Plow Works First Minor Subdivision; Again, this legal description is going through the replat and recording process. It will be the petitioner's responsibility to report any changes in the final legal description to the necessary authorities. 9. A map and/or plat describing the Property is attached hereto, marked Exhibit B, and incorporated herein. 10. Photographs of the property, taken within two (2) weeks of filing of this petition, are attached hereto, marked Ezhibit C, and incorporated herein. 11. The redevelopment or rehabilitation project itself will create 2 full-time and Q part-time permanent jobs within the first year, representing a new annual payroll of $65,000.00 and will maintain 10 existing permanent full-time and 1 existing permanent part-time jobs including ezisting permanent full-time minority employment of 1 and existing permanent part-time minority employment of 0 with an annual payroll of$4$4;�:f�, yrf 9���,�iy;/�,�s 12. The projected annual salaries for each new position indicated above are estimated to be as follows (If more space is needed,please attach a separate sheet): Outside Sales - $39,000.00 Warehouse Associate- $26,000 2 (Rev 12/29/06) 13. Provide current employment wage information including; base rate, cost-of-living allowances, hazardous-duty pay, incentive pay including commissions and production bonuses, on-call pay and tips. Do Not Include; back pay,jury duty pay, overtime:pay,' severance pay, shift differentials, non-production bonuses, and tuition 'reimbursements (average hourly rate or range): Full-Time Part-Time Laborers $ 108,101.64 $ Technical $ N/A $ Managerial $ 265,127.04 $ Administrative $ 200,115.99 $ 14. Tndicate whether your company provides the following benefits (use Y/l�: _ Y Health Care Benefits N Pension Plan Y Employer Provided Training (recognized or certified training/educational courses , or programs) N Day Care (provide or contribute to the cost of child day care for its employees) N Transportation Assistance (provide direct or indirect support and assistance to its employees without private transporta.tion to get back and forth from residence to` place of employment) N Employer-Assisted Housing Program (provide an employer-assisted home ownership program) N Targeted Hiring Preference(provide hiring preference for residents of Census Tracts designated by the Community&Economic Development Dept. that have the highest unemployment or the highest percentage of low and moderate income individuals). : (Additional information may be requested for verification of the above items) 15. List the real and personal property tazes paid at the location during the previous fve years,whether paid by the current owner or a previous owner: Year Real Property Taxes Personal Property Taxes Not Applicable—This property has been owned by the City of South Bend Redevelopment Commission for the past five years which has made it exempt from payment of property taxes. (this information may be obtained from the St. Joseph County Treasurers office 235-9531) 16. Please list the number of full-time and part-time minority employees for each of the last three years: 3 (Rev 12/29/06) Year 2008 2009 2010 _ _ Full Part Full Part Full Part Black 2 2 ? Hispanic Asian Indian Other 17.' Does your business maintain an affirmative action plan or other similar plan in order .to achieve racial diversity? If yes, please briefly indicate specific goals,objectives, and means as designated by your plan: ABC Supply does not maintain an affirmative action plan,however,we do support all of our staff inembers equally regardless of race or ethnicity. 18. Indicate whether or not your project meets any of the following criteria (contact Community & Economic Development Dept.235-9335 for information on this section): N Conversion to residential use of a commercial AEligible Building@ as designated by - the Community&Economic Development Dept. N Rehabilitation of a building that is either designated as a National Register or local landmark or is eligible for nomination as one, located in a National Register or local landmark district, or rated as Outstanding or Significant in the most recent Historic Preservation Commission county wide survey. Y Rehabilitation and reuse of a property that is designated a Problem Property by the Community and Economic Development Department N Pays for the cost of cleaning up a Brownfield, which is any site, building facility or complex that has been designated a brownfield by the Community and Economic Development Department. Y Achieves a physical element identified in a development or revitalization plan that has been approved by the Council 19. Is your business based upon licensing intellectual property from research conducted at a public or private university, college, or community college located within St. Joseph County, Indiana? If yes, please include a description of the research based aspects of the business (attach additional sheet if more space is needed): No, our business is not based upon the licensing of intellectual property. 20. Does your business financially support a Municipal Facility (i.e. municipally owned park, recreation center, cultural,arts,or entertainment facility)? 4 (Rev l2/29/06) The owner of the building is involved in many different areas of the community and financially contributes to Downtown South Bend, Inc., as well as, Project Future, the Chamber of Commerce, and many other non-profit organizations in South Bend and St. Joseph County. _ 21. `Is your company incurring any of the cost of extenaion or oversizing of municipal infrastructure serving the project site? This includes water, sewer, drainage facilities, wastewater treatment facilities, road and street improvements, street lighting, traffic control and related public improvements (attach additional sheet if more spaee is needed): No; a11 utility extensions for this project will be made on the site. 22. Information is required on the companies through which construction materials will be purchased for the project. (Please complete the table on page 8 of this application). 23. Information is required on the construction companies that will be utilized for ' construction of the project. (Please complete the table on page 9 of this application). 24. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of filing of this petition. (The Property_ Owners signature at the end of this application is verification of this statement). 25. The Standard Industrial Classification (SIC) or North American Industry Classification Systems (NAICS) major group within which the proposed project would be classified, by number and description: 4233 26. The Internal Revenue Service Code of Principal Business Activity by which the proposed project would be classified,by number and description: 423300 27. The current use of the Property is Vacant Land and the current zoning is General Industrial. (This information may be obtained from the Building Department 235-9554). 28. Has your business been granted previous tax abatement(s)? If yes, please provide type (real and/or personal property) and date of approvaL Oliver Plow Partners, L.P. has not received tax abatement before. However, an affiliated company, Holladay Properties, has received tax abatements for other development 5 (Rev 12/29/06) partnership entities in the past. ABC Supply Company, Inc. has not received any tax abatements before. 29. Other anticipated public financing for the project including, if any, industrial revenue= bonding to be sought or already authorized, assistance through the United States _ Department of Housing and Urban Development funds from the City of South Bend, Small Business Association Sections 503 and 504 financing through the Business Development Corporation of South Bend, Mishawaka, and St. Joseph County, Indiana, Industrial Revolving Fund, Neighborhood Business Development Corporation, Corporation for Entrepreneurial Development; or other public financial assistance,including but not limited to public works improvements. Funda from the existing Economic Development Area are being sought for site improvements for the facility. 30. The following person(s) should be contacted as Petitioners agent regarding additional information and public hearing notifications: Name: Paul Phair Address: 227 South Main Street, Suite 300 - `City, State, Zip: South Bend,Indiana 46601 Telephone: (574) 217-4498 31. Please indicate the name, address, and telephone number of the person who will work with Employment Training Services (ETS) for employee recruitment, and sign the ETS form attached to the petition if the real tag abatement is for warehouse or industrial developments. Name: Larry Shumard Address: 2115 West Western Avenue City, State, Zip: South Bend, IN 46619-3310 Telephone: (574) 289-9888 WHEREFORE, Petitioner requests that the Common Council of the City of South Bend, Indiana, adopt a declaratory resolution designating the area described herein to be an economic revitalization area for purposes of tangible real property taz abatement consideration, and after publication of notice and public hearing, determine qualifications for an economic revitalization area have been met, and confirm such resolution. Petitioner herein hereby verifies that the required $250.00 filing fee to cover processing ,and administrative costs pursuant to Section 2-84.7 of the Municipal Code of the City of South Bend has been paid in full. - 6 (Rev 12/29/06) Name of Property Owner(s): Oliver Plow Partners,L.P. By: J T. 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EXHIBIT A LEGAL DESCRIPTION Description: To be replatted as Lot 2 of Oliver Plow Works First Minor Subdivision (currently identified as the east 4.4 acres of Lot 8 Oliver Plow Works) Tax Key No.: Current Key Number is 018-3061-2351 Address: Tentative address is 815 Oliver Plow Court, South Bend, Indiana Filed 1n Cierk's O�f���: ; � FEB 2 - 201 i � � � JOHN VOO��� ' CITY CLERK,SOUTt�����c� °�° ��� � �� o= - ����,��o�a.o�:;����,p� �� ` �==��s�w�WW a r �w ������:�.,�,� �� �aoWO w� �o . 3�m x°�ua� � z . m ���aw°' �SS� a�W �°e=Y: �� os�o � ��� YSWO�g ¢"'j� � -o� t g€Q �N�:Wm�aW„& ��y�� � �Y�Bg . 3°� °�63r�;�go�d °sW'" ��_' ��Ya _��'^ �gi���'" '8� m�: �'��s " I m � ��ag� ��8s €�oi ��e� z . 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