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Home My Public Portal Aboutcont. 82.1~XHIBIi II LYtdW00D INDUSTRIAL DEVELOPMEIJT AUTHORITI' PROCEDURES The following statement outlines the basic steps prescribed by.the state law to process an application through the Lynwood Industrial Development Authority. 1. Applicant has an initial consultation with the staff of the Author- ity. Zf indications seem positive, staff issues the application form with procedures and fee schedules. 2. Subsequently, the staff will accept a completed application for review and will make a preliminary determination of public benefit criteria and other provisions of law and make recommendations to the Authority. Acceptance of the application in no way obligates the ,4uthority to approve the protect. 3. If, on the basis of review under step X12, an affirmative determi- nation is made (a) the Authority must certify the application and make a finding of public benefit, (b) a copy of the certified application is then filed with the City Council, and (c) a notice is published which indicates the acceptance of the appli- cation, the filing with the City Council. The notice also names the company, briefly summarizes the protect and states the maximum estimated amount of the bond issue. 4. Upon completion of the steps indicated above, the City Council must take an action to approve or disapprove the application within 45 days. 5. Once the City Council approves the application, the City Clerk . certifies the Council action and transmits all supportive materials, studies, etc. tc the Authority's staff. At that time, payment of a non-refundable fee of $1,250 will be required. The balance of the processing fee and recovery of any additional costs will be paid at the time of final Authority approval of the issue. o. Upon certification and transmittal of the City of Lynwood's approval to the Authority's staff, the proposed bond issue to- gether with any required State fees and documentation is trans- mitted to the California Industrial Development Financing ,4d- visory Commission, which is chaired by the State Treasurer, has sixty (60) days from the date of receipt of application to make a determination of approval or disapproval. Such approval or disapproval will be made on the basis of its findings on the following criteria. a. Public benefit of the protect b. Determination of whether the protect er its operation will result in the relocation or abandonment of other facilities within the State. Exhibit III Office Use Only Application No. Date Received _ Data Approved LYNWOOD INDt~TRTAT, DLZ7EfAFMENT F.UT-iORITY PRQTECP ELIGIBILITY REVIc^R ?'he information requested on this form is necessary to process a r~.iest for financial assistance from the Lynwood Industrial 1~velcprent Authority. Fill in all the blanks using "NONE" or "NOT APPLICABLE" where necessary. If fig~.ire given is an estimate, put "EST." after the figure. If rare space is needed for any specific answer to a question, use a separate sheet. All insor:ration submitted in this fore will be kept confidential to the extent :titled by law and drill not be made public without prior notice to the applicant. Please enclose the last fiscal year-end financial statement plus any interim statements if mailable. The information r~n,;red may be waived at the discretion of the Executive Director of the Authority. Retu~-n t,~o signed copies of this application to: i;ynwoed Tsdustrial L~veloptrent Authority Coc[m~u:ity Development repartnent 11330 Bullis Road Lynwood, CA 90262 I. IDEN^tIFICATION AND DESCRIPTION OF TfiE APPL'1CAP.TT A. Company Identification 1. Official Company Name: Official Mailing Address: Telephone: ( ) 2. Business Organization: Corporation Partner- ship , Sole Proprietorship , or Other (describe) Is the Company owned by an individual a subsidiary affiliated directly or indirectly with any other organization? - 1 - If a corporation, list state of incorporation and date cualified to do business in California If a partnership, list name of partnership and date of agreement If a subsidiary or affiliated with ar_other company give name and brief state- ment of affiliation of relationship 3. Officers name and Home address Other Susiness Affiliaticr_s President vice President Secretary Treasurer Controller Directors - 2 - 4. .List name and home address of ecuity owners of i0$ or more, If partnership, list general and limited partners and interest owned by each. If trust, list bere_:.- ciaries. NarA Home Address ~ of Ecuity Interest Gwned S. For publicly-Held corporations, show stock exchange on which listed. If traded over t::^.e counter, or on NASDAQ, please list the market makers: B. Company Description 1. Star_dard L^.dustrial Classification (SIC) Code :Io. of ['mm~a nv 2. Description of principal products and/or services: 3. List number of current full and part-time employees, and payroll, by skill category. Fu11-time Part-time Annual annual Payroll Payroll ?mount ~ Amount Management Skilled Semi-skilled Unskilled - 3 - 4. Description of company's physical facilities: S. Financial statements (attach as exhibits) a. For publicly held companies: Conies of the annual report to stockholders for each of the last three years; conies of any registration statements, prospectuses and 10-ms's filed with the Securities and Exchange Cocrtission wlthln edCP_ OL the last tI!ree VearS; dnd COpleS OL the applicant's last 10-Q and r:,ost recent 8-~. b. For all other companies: 1. History and brief description of tre applicant, any guarantor, and any subsidiaries, including type of prcducts manufactured, present and future markets and prospects. 2. Resume of management and owne__*ship, including age, business experience, length o_ association with company, salary and other compensation, and directors with outside affiliations. 3. Description of any pending litigation. 4. Copies of audited fiscal year-end statements for preceding three years. - 5. Interim financial statements for periods within sixty days of the aeplication. II. COVTACT INFOR•±~TIG:I ~. Officer to whom all notices and communications concerning the project should be sent: Nase Address: Telephone: - 4 - B. Legal counsel to apaiicant:- Name: :,ddress: Telephone: C. Principal bank(s) with names and phone numbers o. contacts there. name: Contact: ~ddress: Phone: Clare c Contact: address: Phone: D. Independent accountant for apniicant: Firm name: address: Telephone: III. DESCRIPTION OF TH% ?ROJEC^t :~. Project location and site i.^.formation 1. address: 2. Size of Site: 3. Description of current improvements on the site, including age, use and size; include pictures if available. - ~ - 5. Srief explanation why ?.ppiicant is undertaking project: 9. Ownership 1. Does applicant own site? ves no. 2. If no, describe lease arrangements, options or other evidence of applicant's permission to use site, or plans to acquire site. 3. Please attach copies of any credit agreement, debt indenture or ether instruments w'r_ich in any way limits ~oolicant's indebtedness or affects the sale, 1e_sir.g, acquisition or use of proeerty or applicant's prcposed oaerations at the project. C. Proposed Project 1. Type of project (new facility, expansion, renovation, or accuisition) describe in detail: 2. Estimate time required for construction: Starting date Completion date - 6 - 3._ ?rinciaal products, uses and activities to be financed (include SIC Code): D. Eligibility of project uses - A statement e= eligibility of the project for financing under Section 91503 0 the Act. attach a letter from bond counsel attesting to the project's eligibility: 1. Project is for industrial uses as described in paragraph (a)(1) of Section 91503, and/or for energy conservation uses as described in caragraph (a)(2) of Section 91503. 2. A statement that the project is rot for the uses described under paragraph (b) of Section 91503. 3. any covenants or bond ter-.,ts restricting the use of t'r.e facilities or property E. Public Approvals/Pe Waits Have all required pe ~~its, licenses and other Dublic approvals, (EIR, conditional use permit, general plan COPD l].dnCe, pub l.iC i7O riC5, ZOn1ng, lOCal, State dad *ede_*dl regulations) been obtained? yes ..^.o. If no, please shOW StdtllS and eYpeCted reSG1llt1OR Oi 1nC CIRD fete dCt1V1tV If yes, please describe r^^. 3ond counsel on proaosed project: Finn name: Address: Phone: - 7 - G, please~irdicate the estimated capital expenditures during the last three VearS Which were made in the COl1t1C31 ]llr15d1Ct10n (C1ty Or lln 1RCOrpOrated CCLP.tV), OL the DrODOS2d project for facilities used by the ynolicant, or any otr.er nrooosed occupant of the project cF'ere any of these expenditures financed by issuance of industrial development bonds? yes ro. If yes, please describe $, ~dVe dnV Of the i?PpllCdnt~ S faCi11t1eS Or equipment 1I1 Ot:'ler political jurisdictions of the nation been financed by industrial development bonds? yes no. If yes, please describe IV. COSTS Or T?-IE PROJECT State the costs necessary for the acquisition of t:.e site and construction of the proposed project together with any machinery and equipment in connectior_ therewith, including utilities, access roads, and appurtenant facilities. a. EXISTING Lr~.ND A.`iD 3UILDI;LGS ....................... S I. Contract price S 2. Legal, filing, misc. S 3. Taxes ar_d fees ~ Subtotal $ H. ?RCHITECTUR_~L P.ND ENGI:LEERING .....................5 - 8 - C. CONSTRUCTION COSTS i. architectural and engineering $ 2. Site pr=_paration $ ~. Labor $ 5. Construction contracts $ 6. Utilities connection $ 7. Paving and landscaping $ D. ,H~CHI:IERY AND EQUIPMENT ............... $ ............ 1. Invoice cost $ 2. Installation $ E. INTEREST DURING CONSTRUCTION (FRGS TO )..$ e^. FI~1:-,VCIVG, LEG~I,, i~fISC:.LL?NEOUS (PLE~Sc SPECIFL) $ G. CGNTINGENCY (if appropriate) ................. $ ..... TOTAI .....................5 i9:~XIb1UM AiiOUPdT OF FUNDS REQGESTED Note: Project costs may not include working capital; ~;:ovir!g expenses; inventory financing; or assumption, reaayment, or refinancing or existing indebtedness other than coastructior. loans. V. DESCR_TPTION OF THE PROPOSED ISSUANCE OF THE BONDS a. Tyne of placement; Private Public Negotiated 3. Proposed tens of the bonds years. 9 - C. Indicate method of financing: 1. Loan o= bond proceeds by LIDP, to Applicant 2. Lease of facilities by LIRA to Applicant 3. Installment sale of facilities by LPG to Applicant 4. Other D. Indicate the collateral for *_re bonds and the method of payment; identify revenues to be used for debt service: E. Identify the proposed purchaser of the bonds, underwriter or placement agent for the Applicant: Name of purchaser: Officer or partner: Address: Telephone: Attach a cony of tentative commitment letter from such prospective purchaser of tentative agreement with such underwriter or placement agent. F. Wii1 the bonds be issued in exchange for one or more outstanding bonds, or similar claims, or partly in such exchange and partly for cash or property? yes no If yes, describe exchance or refunding V2. DESC4IPTZON OF PUBLIC BENEFITS Benefits which would accrue from undertaking .the project, pursuant to criteria contained in Section 91502.1. (If applicable, information in this section is to be given for both the Applicant and all other entities that will be principal users of the facilities). - 10 - a. Employment benefits 1. Indicate full-tir:e employment categories: ~t Project Upon Completion 1 Year Site Tcdav of Project Comp1 i ~ 'a 5 t ?anacement Skilled Semi-skilled Unskilled Total and payroll for various After 2 Years after _t10 P. CO rip le tl0n 2. If part-time wcrkers will be er,.ployed, attach description as above. 3. Estimate, if applicable, increased employment and payroll in related and service fields due to the completion of the project. 4. Indicate, if applicable, anticipated impact of the proposed new. jobs on problems of severe unemployment or the hard core unemployed. 5. Document, if applicable, that the completion of the project will retain jobs that would otherwise be lost. H. Resource Conservation (if applicable) 1. Explain and document any estimated conservaticn of energy, mineral or natural or cultivated resources arising out of the project. 2. Explain and document any reduction of waste, improvement of recovery or intensificaticn of utilization of resources that otherwise would be less intensively utilized, wasted or not recovered. - 11 - C. Cor.suser benefits (if applicable) 1. EXpl31n and d0 C'lment tale 1mpr0Vement OL qud l.L tV Cr Qll3ntitV Of prCduCtS, energy Or related 3erViCeS bV V1rtL'e OL CCmp 1et10n C: t.^.e pr0]eCt. D. Other Benefits 1. 47111 project contribute to the improvement of detrimental environment factors? ves no. If yes, attach description. 2. 41111 project contribute to the revitalization of a deteriorated area or wi11 it increase economic usefulness of an area? yes no. T_f yes, attach description. 3. Estimate any increased 1eca1 ar_d state taxes, f=_es and other revenues due to the comnletion of the project. 4. Estimate any decreases of public service costs by virtue of completion of the project (such as decreased welfare or unemployment costs). VII. A CESCRIPTICN OF Fu'VY PUBLIC DETRIMENT cROM ISSUANCE GF BOAIDS IN THE. MAXI~IUbl ADiOUNT PROPOSED IN 'THE APPLICATIOY. A. Employment displacement -- wi11 the comnletion of the project contribute to job displacements (such as resulting from site clearance or demise of competing firms? ves no. If yes, attach description. 3. Energy, mineral or natural or cultivated resource i^pact -- will the comnletion of the project lead to increased utilization of scarce resources? yes no. If yes, attach description. 1. Estimate of increased utilization. of resources. 2. Estimate of increases in cost to the public due to increased utilization. C. Daes construction of the project, or completion of the project have any adverse environmental impacts, including additional waste disposal? yes no. 2f yes, attach description. 1. Estimate of environmental impacts. 2. Include copies of any required environmental impact reports. - 12 - D. Econcmic impact on the city, county ar_d/or state. 1. EStimdte types and COStS OL new Ol;b1iC SerViCeS reCUired bV tLle prOjeCt, ' Z. And1VS1S OL t.:e COStS t0 the Ci t.7, COLntV 3Rd/Or State LOr public l.<<p rOVementS 2.nCllldlrig 1:t111ty, Street improvements, trafflC control enhancement, and the cost Of Li ndnCing SllCLl imDrOVementS. VIII-. A DESCRIPTION, IF APPLICABLE, OF THE STAT°F7IDE SIZE AD1D LOCATION OF THE OPER_~TIONS OF THE APPLICA~lT (including related persons and princiaal users). A. A Listing of the current statewide operations of the Applicant including size, location, rusher o employees and payroll. B. A listing of the statewide operations of the Applicant upon completion of the project, including size, location, number of employees and aayroll. C. A listing of the statewide operations of the Applicant two years after COmpletiOn Of the DrO~eCt, 1nCluding S].Ze, 10C3tiOn, number of employees and payroll. D. RelOCatlOn - If financinc 15 required fOr relOCdtiCn Of 3 rdC111 ty Wlthln the State Of Cd1lrOrnid, docur„e ntdtion that the relocation is due to one of tre following: 1. An iaadeeuacy of the existing facility. 2. A significant charge in the firm's operations t::at would require a different location. 3. A building moratorium where tre existing facility is located. 4. The existing lease is expiring and cannot be r=_newed under economic conditions. 5. An econcmic need to move closer to the firm's customers or suppliers. 6. Other. - 13 - ~~_ _