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HomeMy WebLinkAbout20152840.tiff RESOLUTION RE: AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the County of Weld is authorized and empowered under the laws of the State of Colorado (the "State") to issue revenue bonds for the purpose of financing qualified residential rental projects for low- and moderate-income persons and families, and WHEREAS, the County of Weld is authorized and empowered under the laws of the State to issue revenue bonds for the purpose of providing single-family mortgage loans to low- and moderate-income persons and families, and WHEREAS, the Internal Revenue Code of 1986, as amended (the "Code"), restricts the amount of tax-exempt bonds ("Private Activity Bonds") which may be issued in the State to provide such mortgage loans and for certain other purposes, and WHEREAS, pursuant to the Code, the Colorado legislature adopted the Colorado Private Activity Bond Ceiling Allocation Act, Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act"), providing for the allocation of the State Ceiling among the Colorado Housing and Finance Authority (the "Authority") and other governmental units in the State, and further providing for the assignment of such allocations from such other governmental units to the Authority, and WHEREAS, pursuant to an allocation under Section 24-32-1706 of the Allocation Act, the County of Weld has an allocation of the 2015 State Ceiling for the issuance of a specified principal amount of Private Activity Bonds prior to September 15, 2015 (the "2015 Allocation"), and WHEREAS, the Board of Weld County Commissioners has determined that, in order to increase the availability of adequate affordable housing for low- and moderate-income persons and families within the County of Weld and elsewhere in the State, it is necessary or desirable to provide for the utilization of all or a portion of the 2015 Allocation, and WHEREAS, the Board of Weld County Commissioners has determined that the 2015 Allocation, or a portion thereof, can be utilized most efficiently by assigning it to the Authority to issue Private Activity Bonds for the purpose of financing one or more multi-family rental housing projects for low- and moderate-income persons and families or to issue Private Activity Bonds for the purpose of providing single-family mortgage loans to low- and moderate-income persons and families ("Revenue Bonds") or for the issuance of mortgage credit certificates, and CC; 'DD 14 CA g/a r1is" 2015-2840 FI0061 AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT PAGE 2 WHEREAS, the Board of Weld County Commissioners of County of Weld has determined to assign $7,294,000 of its 2015 Allocation to the Authority, which assignment is to be evidenced by an Assignment of Allocation between the County of Weld and the Authority (the"Assignment of Allocation"). NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that as follows: 1. The assignment to the Authority of $7,294,000 of the County of Weld's 2015 Allocation be and hereby is approved. 2. The form and substance of the Assignment of Allocation be, and hereby are, approved; provided, however, that the Chair of the Board of Weld County Commissioners be and hereby is authorized to make such technical variations, additions or deletions in or to such Assignment of Allocation as she shall deem necessary or appropriate and not inconsistent with the approval thereof by this resolution. 3. The Chair of the Board of Weld County Commissioners of the County of Weld be and hereby is authorized to execute and deliver the Assignment of Allocation on behalf of the County of Weld and to take such other steps or actions as may be necessary, useful or convenient to effect the aforesaid assignment in accordance with the intent of this resolution. 4. If any section, paragraph, clause, or provision of this resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause, or provision shall not affect any of the remaining provisions of this resolution 5. This resolution shall be in full force and effect upon its passage and approval. 2015-2840 FI0061 AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT PAGE 3 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 24th day of August, A.D., 2015. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLO ADO ATTEST: ���� ' �,��,,,// „d2;it�Ll .x.11O;4 rbara Kirkmeyer, hair Weld County Clerk to the Board `� ` - • �-{ / - ��� ''L,Freeman, Pro-Tern D ty Clerk to the Board 1i61 1 ,;LW . Co`, ay APP D AS RM: ,�® 4 e A. Cozad o Attorney C Z 8 / Steve Moreno ate of signature: Pc-Lo 2015-2840 F10061 CERTIFICATE OF WELD COUNTY, COLORADO CONCERNING ASSIGNMENT OF PRIVATE ACTIVITY BOND VOLUME CAP ALLOCATION I, the undersigned, hereby certify that I am a duly chosen, qualified and County Attorney of Weld County, Colorado (the "County"), and that: 1. The County is a legally and regularly created, established, organized, and existing county under the Constitution and laws of the State of Colorado, its full corporate name being "Weld County, Colorado." 2. The County has been previously notified that, pursuant to Section 24-32-1706 of the Colorado Private Activity Bond Ceiling Allocation Act, Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act"), it has an allocation of the State ceiling (as defined in the Allocation Act)for 2015 in the amount of$7,294,000(the "2015 Allocation"). 3. Attached hereto as Exhibit A is a true and correct copy of a resolution and the related minutes thereto (the "Resolution") authorizing the assignment to the Colorado Housing and Finance Authority (the "Authority") of all or a portion of the 2015 Allocation in an amount equal to $7,294,000 (the "Assigned Allocation"), and authorizing the execution and delivery of an Assignment of Allocation dated as of August 24, 2015 (the "Assignment of Allocation") between the County and the Authority in connection therewith, which Resolution was duly adopted by the Board of County Commissioners of the County (the "Board") at a meeting thereof held on August 24, 2015, at which meeting a quorum was present and acting throughout and which Resolution has not been revoked, rescinded, repealed, amended or modified and is in full force and effect on the date hereof. 4. The meeting of the Board at which action has been taken with respect to the Assignment of Allocation was a regular meeting properly called and open to the public at all times. 5. With respect to the Assigned Allocation, the County has not heretofore: (a) issued private activity bonds; (b) assigned the Assigned Allocation to another "issuing authority," as defined in the Allocation Act; (c) made a mortgage credit certificate election; or (d) treated the Assigned Allocation as an allocation for a project with a carryforward purpose, as defined in the Allocation Act. 6. The Assignment of Allocation, attached hereto as Exhibit B, is in the form presented to and approved by the Board at the meeting thereof held on August 24, 2015. 7. On or before the date hereof, counterparts of the Assignment of Allocation were officially executed by the Chair of the Board of County Commissioners and the County Clerk of the County. On the date of such signing, such persons were the duly sworn, qualified and acting officers of the County authorized to execute the Assignment of Allocation and holding the offices of the Chair of the Board of County Commissioners and County Clerk, respectively. 2015-2840 1:12015 Private Activity County Attorney Certification Form.doc 8. The County has authorized the execution, delivery and due performance of the Assignment of Allocation, and the execution and delivery of the Assignment of Allocation and the compliance by the County with the provisions thereof, will not, to the best of my knowledge, conflict with or constitute on the part of the County a breach of or a default under any existing Colorado law, County resolution, court or administrative regulation, decree or order or any agreement or other instrument to which the County is subject or by which it is bound. 9. To the best of my knowledge, there does not exist any action, suit, proceeding or investigation pending, or threatened against the County, contesting (a) the corporate existence of the County, (b) the title of its present officers or any of them to their respective offices, including, without limitation, the members of the Board, (c) the validity of the Assignment of Allocation or (d) the power of the County to execute, deliver or perform the Assignment of Allocation. 10. No referendum petition has been filed concerning the Resolution; and to the best of my knowledge none is being circulated or planned for circulation. WITNESS my hand and the seal of the County this August 24 2015. (SEAL) County Attorney • 1:12015 Private Activity County Attorney Certification Form.doc EXHIBIT A RESOLUTION • A-1 RESOLUTION RE: AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the County of Weld is authorized and empowered under the laws of the State of Colorado (the "State") to issue revenue bonds for the purpose of financing qualified residential rental projects for low- and moderate-income persons and families, and WHEREAS, the County of Weld is authorized and empowered under the laws of the State to issue revenue bonds for the purpose of providing single-family mortgage loans to low- and moderate-income persons and families, and WHEREAS, the Internal Revenue Code of 1986, as amended (the "Code"), restricts the amount of tax-exempt bonds ("Private Activity Bonds") which may be issued in the State to provide such mortgage loans and for certain other purposes, and WHEREAS, pursuant to the Code, the Colorado legislature adopted the Colorado Private Activity Bond Ceiling Allocation Act, Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act"), providing for the allocation of the State Ceiling among the Colorado Housing and Finance Authority (the "Authority") and other governmental units in the State, and further providing for the assignment of such allocations from such other governmental units to the Authority, and WHEREAS, pursuant to an allocation under Section 24-32-1706 of the Allocation Act, the County of Weld has an allocation of the 2015 State Ceiling for the issuance of a specified principal amount of Private Activity Bonds prior to September 15, 2015 (the "2015 Allocation"), and WHEREAS, the Board of Weld County Commissioners has determined that, in order to increase the availability of adequate affordable housing for low- and moderate-income persons and families within the County of Weld and elsewhere in the State, it is necessary or desirable to provide for the utilization of all or a portion of the 2015 Allocation, and WHEREAS, the Board of Weld County Commissioners has determined that the 2015 Allocation, or a portion thereof, can be utilized most efficiently by assigning it to the Authority to issue Private Activity Bonds for the purpose of financing one or more multi-family rental housing projects for low- and moderate-income persons and families or to issue Private Activity Bonds for the purpose of providing single-family mortgage loans to low- and moderate-income persons and families ("Revenue Bonds") or for the issuance of mortgage credit certificates, and 2015-2840 FI0061 AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT PAGE 2 WHEREAS, the Board of Weld County Commissioners of County of Weld has determined to assign $7,294,000 of its 2015 Allocation to the Authority, which assignment is to be evidenced by an Assignment of Allocation between the County of Weld and the Authority (the "Assignment of Allocation"). NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that as follows: 1. The assignment to the Authority of $7,294,000 of the County of Weld's 2015 Allocation be and hereby is approved. 2. The form and substance of the Assignment of Allocation be, and hereby are, approved; provided, however, that the Chair of the Board of Weld County Commissioners be and hereby is authorized to make such technical variations, additions or deletions in or to such Assignment of Allocation as she shall deem necessary or appropriate and not inconsistent with the approval thereof by this resolution. 3. The Chair of the Board of Weld County Commissioners of the County of Weld be and hereby is authorized to execute and deliver the Assignment of Allocation on behalf of the County of Weld and to take such other steps or actions as may be necessary, useful or convenient to effect the aforesaid assignment in accordance with the intent of this resolution. 4. If any section, paragraph, clause, or provision of this resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause, or provision shall not affect any of the remaining provisions of this resolution 5. This resolution shall be in full force and effect upon its passage and approval. 2015-2840 F10061 AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT PAGE 3 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 24th day of August, A.D., 2015. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLO DO ATTEST:CC�� US.��� -- �• lo• rbara Kirkmeyer, hair Weld County Clerk to the Board / Freeman, Pro-Tem BY: � L. [ � � � • -•� ty Clerk to the Board . Co ay APP D AS RM: r , ���� ie A. Cozad o Attorney ate of signature: 8�.21n Steve Moreno 2015-2840 F10061 EXHIBIT B ASSIGNMENT OF ALLOCATION B-1 chfaassignment of allocation - ® gcounty Multifamily Housing Facility Bonds/Single Family Mortgage Revenue Bonds This Assignment of Allocation (the "Assignment"), dated this 24th day of August 2015, is between the County of Weld Colorado (the "Assignor" or the "Jurisdiction") and the Colorado Housing and Finance Authority(the "Assignee"). WITNESSETH: WHEREAS, the Assignor and the Assignee are authorized and empowered under the laws of the State of Colorado (the "State") to issue revenue bonds for the purpose of financing qualified residential rental projects for low-and moderate-income persons and families; and WHEREAS, the Assignor and the Assignee are authorized and empowered under the laws of the State of Colorado (the "State") to issue revenue bonds for the purpose of providing single- family mortgage loans to low-and moderate-income persons and families; and WHEREAS, the Internal Revenue Code of 1986, as amended (the "Code"), restricts the amount of tax-exempt bonds ("Private Activity Bonds") which may be issued in the State to finance such projects and for certain other purposes(the "State Ceiling"); and WHEREAS, pursuant to the Code, the Colorado legislature adopted the Colorado Private Activity Bond Ceiling Allocation Act, Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act"), providing for the allocation of the State Ceiling among the Assignee and other governmental units in the State, and further providing for the assignment of allocations from such other governmental units to the Assignee; and WHEREAS, pursuant to an allocation under Section 24-32-1706 of the Allocation Act, the Assignor has an allocation of the 2015 State Ceiling for the issuance of a specified principal amount of Private Activity Bonds prior to September 15, 2015, (the "2015 Allocation"); and WHEREAS, the Assignor has determined that, in order to increase the availability of adequate affordable rental housing for low- and moderate-income persons and families within the Jurisdiction, Colorado and elsewhere in the State, it is necessary or desirable to provide for the utilization of all or a portion of the 2015 Allocation; and WHEREAS, the Assignor has determined that the 2015 Allocation, or a portion thereof, can be utilized most efficiently by assigning it to the Assignee to issue Private Activity Bonds for the purpose of financing one or more multi-family rental housing projects for low- and moderate- income persons and families or to issue Private Activity Bonds for the purpose of providing single-family mortgage loans to low- and moderate-income persons and families ("Revenue Bonds"), and the Assignee has expressed its willingness to attempt to issue Revenue Bonds with respect to the 2015 Allocation assigned herein; and C c f; R12 ac/.s-€.2 giro WHEREAS, the Board of County Commissioners of the Assignor has determined to assign to the Assignee all or a portion of its 2015 Allocation, and the Assignee has agreed to accept such assignment, which is to be evidenced by this Assignment. NOW, THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the parties hereto agree as follows: 1. The Assignor hereby assigns to the Assignee $7.294.000.00 of its 2015 Allocation [the "Assigned Allocation"), subject to the terms and conditions contained herein. The Assignor represents that it has received no monetary consideration for said assignment. 2. The Assignee hereby accepts the assignment to it by the Assignor of the Assigned Allocation, subject to the terms and conditions contained herein. The Assignee agrees to use its best efforts to issue and sell Revenue Bonds in an aggregate principal amount equal to or greater than the Assigned Allocation, in one or more series, and to make proceeds of such Revenue Bonds available from time to time for a period of two (2) years from the date of this Assignment to finance multi-family rental housing projects located in the Jurisdiction, or to issue Revenue Bonds for the purpose of providing single-family mortgage loans to low- and moderate income persons and families in the Jurisdiction. 3.The Assignor hereby consents to the election by the Assignee, if the Assignee in its discretion so decides, to treat all or any portion of the Assigned Allocation as an allocation for a project with a carryforward purpose or to make a mortgage credit certificate election, in lieu of issuing Revenue Bonds. 4. The Assignor and Assignee each agree that it will take such further action and adopt such further proceedings as may be required to implement the terms of this Assignment. 5. Nothing contained in this Assignment shall obligate the Assignee to finance any particular multi-family rental housing project located in the Jurisdiction or elsewhere or to finance single- family mortgage loans in any particular amount or at any particular interest rate or to use any particular percentage of the proceeds of its Revenue Bonds to provide mortgage loans or mortgage credit certificates to finance single-family housing facilities in the Jurisdiction, provided that any Revenue Bond proceeds attributable to the Assigned Allocation shall be subject to paragraph 2 above. 6.This Assignment is effective upon execution and is irrevocable. 2 IN WITNESS WHEREOF, the parties hereto have duly executed this Assignment on the date first i written above. Rob Weld t [County] of [SEAL] ������� kal116 / • `� 1R By: 5 ` Barbara Kirkme er, Chai ..do;,,k. of Weld County Commissioners ATTEST: • Weld County Clerk to the Board AUG 2 4 2015 By: () t t .r } ►a�.e e*I,,1, COLORADO HOUSING AND FINANCE t � I 7' ;O [�NO* ; AUTHORITY • • [S E A L] _S`. Xs p •� By. ee -4?" " /-1-7-fe' I ATTEST: "~*.6..+'c*� i Title: 6F0 By: Assistant Secretary 020% = Elk 1;f .::. NOTIFICATION OF ASSIGNMENT OF clifaPRIVATE ACTIVITY BOND CEILING financing the places where people live and work August 31,2015 VIA E-MAIL Ms.Ann Watts Colorado Department of Local Affairs 1981 Blake Street 1313 Sherman Street, Room 320 Denver,CO 80202 Denver,Colorado 80203 Dear Ms. Watts: 303.297.chfa(2432) Pursuant to Section 24-32-1706(2) of the Colorado Private Activity Bond 800.877.chfa(2432) Ceiling Allocation Act, the Colorado Housing and Finance Authority toll free ("Authority") and the County of Weld ("County") hereby notify you of the County's assignment to the Authority of$7,294,000 of its 2015 allocation of 303.297.7305 tdd the State's private activity bond ceiling. Enclosed for your records is a copy of the executed Assignment of Allocation (the "Assignment"). The Assignment includes the County's representation that it received no monetary consideration for the assignment and its consent to the Authority's allocation of all or any portion of the assigned amount to a project with a carryforward purpose. 348 Main Street Grand Junction,CO 81501 Very truly yours, 970.241.2341 Charl . Borgman 800.877.8450 General Counsel toll free cc: Donald Warden,Weld County(Via E-mail) Stanley M. Raine, Esq., Sherman & Howard, L.L.C. (Via E-mail) Enclosures www.chfainfo.com aO/S-o?.$1{b Esther Gesick From: Don Warden Sent: Monday, August 31, 2015 5:08 PM To: Esther Gesick Subject: FW: Notification of Assignment of PAB -Weld County Attachments: Notification of Assignment of PAB 08.31.15 (Weld).pdf Can you put this with the Private Activity Bond agenda item that was on August 24th as 2015-2840, so we have all together. Thanks, Donald D. Warden Director of Finance and Administration Finance and Administration PO Box 758 1150 O Street Greeley, CO 80632 tel: 970-356-4000 Extension 4218 email: dwarden@co.weld.co.us r+ L lA" t Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Melissa Nuccio [mailto:mnuccio@chfainfo.com] Sent: Monday, August 31, 2015 4:25 PM To: Ann Watts - DOLA Cc: Charles L. Borgman; Don Warden; Raine, Stan (SRAINE@shermanhoward.com) Subject: Notification of Assignment of PAB - Weld County Attached hereto please find Notification of Assignment of PAB Allocation from Weld County to CHFA. Thank you, Melissa Nuccio Paralegal Colorado Housing and Finance Authority 1981 Blake Street 303.297.7805 direct 303.291.5712 fax 303.297.2432 main 1 Denver, CO 80202 800.877.2432 toll www.chfainfo.comfree financing the places where people live and work Please note that Internet email is not entirely private. While this message (including any attachments) is intended only for the use of the addressees, it can possibly be intercepted, redirected, altered, or viewed by unauthorized parties. For security purposes, please do not include any personal information such as Social Security numbers, account numbers, or account balances in any email correspondence. Furthermore, this email and any attachments are confidential, except where the email states it can be disclosed; it may also be privileged. If received in error, please do not disclose the contents to anyone, do not forward it, delete it (and any attachments) from your system, destroy any copies and notify the sender immediately. Please consider the environment before printing this email. 2 Esther Gesick From: Don Warden Sent: Tuesday, August 18, 2015 11:36 AM To: Esther Gesick Cc: Melissa Nuccio; Bruce Barker Subject: RE: Weld County Assignment of PAB Allocation to CHFA Attachments: 2015 Private Activity County Attorney Certification Form.doc; 2015 PAB Assignment Resolution-8-24-2015.doc; 2015 Private Activity Bond Assignment of Allocation Weld County (2).pdf Follow Up Flag: Follow up Flag Status: Completed Esther, Please place the attached three documents on the agenda for Monday,August 24th. Bruce Barker will handle the agenda item at the Board meeting for me.When the documents are signed and approved please send them to Melissa Nuccio, who I copied on this email. I put a paper copy on your desk also. Thanks, Donald D. Warden Director of Finance and Administration Finance and Administration PO Box 758 1150 O Street Greeley, CO 80632 tel: 970-356-4000 Extension 4218 email:dwarden@co.weld.co.us I .1rr Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged,confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication.Any disclosure,copying,distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Melissa Nuccio [mailto:mnuccioc chfainfo.com] Sent: Tuesday, August 18, 2015 10:29 AM To: Don Warden Subject: Weld County Assignment of PAB Allocation to CHFA 1 unnumonm U From: Melissa Nuccio Sent: Tuesday, August 18, 2015 10:24 AM To: 'd.warden@co.weld.co.us' Cc: Charles L. Borgman; Steve Johnson; Masouda Omar Subject: Weld County Assignment of PAB Allocation to CHFA Mr. Warden, Per your request of Steve Johnson, attached hereto are the following documents for transfer of the Weld County PAB allocation to CHFA: 1. Assignment of Allocation(fillable PDF); 2. PAB Resolution form; and 3. County Attorney Certificate. Please let me know if you have any questions. Melissa Nuccio Paralegal Colorado Housing and Finance Authority 1981 Blake Street 303.297.7805 direct 303.291.5712 fax 303.297.2432 main Denver, CO 80202 800.877.2432 toll www.chfainfo.comfree financing the places where people live and work Please note that Internet email is not entirely private. While this message (including any attachments) is intended only for the use of the addressees, it can possibly be intercepted,redirected, altered, or viewed by unauthorized parties. For security purposes, please do not include any personal information such as Social Security numbers, account numbers, or account balances in any email correspondence. Furthermore, this email and any attachments are confidential, except where the email states it can be disclosed; it may also be privileged. If received in error, please do not disclose the contents to anyone, do not forward it, delete it(and any attachments) from your system, destroy any copies and notify the sender immediately. Please consider the environment before printing this email. 2 Hello