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Interfund loans are common within public agencies with funds segregated for different purposes. <br />Per the loan terms, the PDF Zone IV fund would repay the GF at the close of each year no less <br />than 50% of the Zone IV PDF/Quimby Fees received by CPRD during the prior year until the <br />entire principal loan amount ($3,000,000) is repaid. Interest would accrue on the outstanding loan <br />balance at the variable rates based on California's Local Agency Investment Fund Pooled Money <br />Investment Account Average Annual Yield (currently at 1.934% for FY 19/20.) <br />Prepared & respectfully submitted by - <br />, <br />y: <br />Jim Frie enle I Nnager <br />Attachments: <br />Melissa Smith, Administrato <br />Management Services <br />1. "Conejo Recreation & Park District Interfund Loan Between the General Fund and Park <br />Development Fee (PDF) Zone IV For Construction of Park Improvements On Conejo <br />Creek Southwest" <br />2. Conejo Creek Southwest Park Site Plan <br />3. Master Plan (Master Site Location Plan) —Community Planning Zones (I -VI) <br />4. TO Boulevard Specific Plan Area (w/ CRPD Planning Zones and Areas) <br />