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<br />løA..ß <br /> <br />Debt Service <br />Debt service payments are associated with the Agency's 1997 bond issue (the bond issue which <br />refunded the earlier 1991 Series B Bond Issue). <br /> <br />Administration <br />Costs for program administration are prorated between the Agency's housing and general funds. <br />This consists of staff costs, supplies and services, and capital items. The details of staff actually <br />charged to this fund can be found in the City Proposed Budget, page 101. <br /> <br />Economic Development Expenditures <br /> <br />Fund 807: Redevelopment General Fund <br /> <br />Debt Service (1991 bond) . :1,139,288 <br />Sequoia Station 300,000 <br />Administration 698,152 <br />Tax Apportionment 500,000 <br />Cinema Land Payment 42,321 <br />Economic Development 300,000 <br />Storefront Improvement 100,000 <br />Downtown Parking Structure 2,226,495 <br />TOTAL 5,306,256 <br /> <br />The Agency General Fund receives the bulk of the Agency's annual revenue but also carries most <br />of the fixed costs, discussed further following. <br /> <br />Debt Service <br />This is the balance of the annual debt service payment associated with the 1997 refunding of the <br />1991 tax allocation bond issue --the portion associated with the non-housing projects. <br /> <br />Sequoia Station <br />This represents the Agency's annual subsidy to the developer of Sequoia Station. These payments <br />terminate in 2009. <br /> <br />Administration <br />This reflects the portion of general administration charged to the Agency general fund. Again, <br />further detail on staff charged to this account can be found at page 103 of the City Proposed <br />Budget. <br /> <br />Tax Apportionment <br />This reflects the payments the Agency must make to other taxing agencies under agreements <br />reached in 1989. Redevelopment Law required that the Agency meet and confer with all affected <br />taxing agencies, and allowed the Agency to enter into tax sharing arrangements with such affected <br />agencies. The Agency entered into agreements with the following entities that "passed-through" <br /> <br />7 <br />