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Ms, Susan Gorospe May 16, 2016 Santa Ana Community Development Agency Page 2 • KMA is local. KMA is located in Los Angeles and our long -term presence working with the City has enhanced our understanding of local financial, real estate, planning, and public policy trends that have impacted Santa Ana's redevelopment project areas. KMA is efficient and responsive, KMA clients enjoy direct access to principals with specialized areas of expertise, enabling KMA to provide the highest level of service in a responsive and cost - effective manner. The philosophy and structure of our firm results in clients having maximum direct contact with principals and other senior staff at KMA. We have garnered praise from our clients, bond underwriters and bond disclosure counsels regarding our ability to provide timely and accurate Fiscal Consulting analyses. • KMA has strong Fiscal Consultant experience, KMA integrates real estate expertise, technical tax roll database expertise and a strong public finance background that results in analyses appropriate for Fiscal Consultant Report due diligence. KMA has prepared Fiscal Consultant Reports for bond financings totaling over $5,5 billion, IL APPROACH AND SCOPE OF SERVICES It should be noted that.since dissolution of redevelopment agencies in California, KMA has actively been Involved as Fiscal Consultant on bond refundings for some of the largest Successor Agencies in the State and has already successfully participated in Successor Agency bond refinancing closings totaling over $1.7 billion. Nearly all of these financings have been secured by the Redevelopment Property Tax Trust Fund (RPTTF) whose credit is based on all redevelopment project areas contributing to the RPTTF. The Fiscal Consultant analyses are created in tandem with the expectations and schedule set forth by the bond underwriters, financial advisors, bond disclosure counsel, and Agency staff. Early in the process, KMA ensures that the current year secured and unsecured property tax roll databases are obtained from the County Assessor, the current and historic Project Area reported assessed values and levy distribution reports are obtained from the County Auditor - Controller, and the latest assessment appeal database is obtained from the County Clerk of the Board/ Assessment Appeals Board, The Fiscal Consultant is also responsible for the review of contractual and statutory pass through agreements entered into by the former Redevelopment Agency and to ensure that the County Auditor - Controller's computation of the tax sharing formulas is consistent to the provisions of the agreements. The County reports of value, assessment appeal impacts and contractual and statutory pass through formulas all provide the foundation 160501IOSH 99900,000,002 3 -208