R91-169RESOLUTION NO. R91-/~
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
AUTHORIZING AND DIRECTING THE MAYOR AND
CITY CLERE TO ENTER INTO A COM~ITMENT
TO ISSUE A FINANCIAL GUARANTY INSURANCE
POLICY WTTH MUNICIPAL BOND INVESTORS
ASSURANCE CORPORATION (MBIA), A COPY OF
SAID COMMITMENT BEING ATTACHED HERETO
AS EXHIBIT "A"; AND PROVIDING AN
EFFECTIVE DATE.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF BOYNTON BEACH, FLORIDA THAT:
Section 1. The Mayor and City Clerk are hereby
authorized and directed to enter into a Commitment to issue
a Financial Guaranty insurance Policy with Municipal Bond
Investors Assurance Corporation, said Commitment being
attached hereto as Exhibit "A".
Section 2. This Resolution shall take effect
immediately upon passage.
PASSED AND ADOPTED this /~ day of October, 1991.
ATTEST:
C~ Clerk
(Corporate, seal
CITY OF BOYNTON BEACH, FLORIDA
Vlce Mayor
do~ssioner
DISTRIBUTION LIST
Underwriter
Name
Address
Attention
: Smith Barney, Harris Upham & Co.. Inc.
625 North Flagler Drive
8th Floor
West Palm Beach, Florida
Mr. David Levy
33401
Phone;
91-07-6072
(407) 655-1122
Bond Counsel
Name
Address
Attention
Moyle, Flanigan, Katz, Fitzgerald and
Sheehan
625 North Flagler Drive
Ninth Floor
West Palm Beach, Florida 33401
Mark Raymond, Esq.
Phone:
(407) 659-7500
Underwriter Counsel
Name : Wollett & Brady
:
Address : 3300 PGA Boulevard
: Ninth Floor
: Palm Beach Gardens, Florida
:
Attention : Frank Brady, Esq.
33410
Phone: (407) 622-0800
Name
: City of Boynton Beach
Address
100 East Boynton Beach Boulevard
Boynton Beach, Florida 33425
Attention : Mr. J. Scott Miller Phone: (407) 738-7400
RE:
C(I~{I~ ~) ISSUE A
FINANCIAL ~JARANT~ INSURANCE POLICY
Application No,: 91-07-6072
Sale Date: October, 1991 (T)
pr~gramT~pe: Negotiated DP
$4,680,000 (Est) City of Boynton Beach, Florida, Recreational
Facilities Refunding Revenue Bonds, Series 1991
(the "Obligations")
This commitment to issue a financial guaranty insurance policy (the
"Commitment") dated September 26, 1991, constitutes an agreement between the
CITY OF BOYNTON BRACH (the "Applicant"), and MUNICIPAL BOND INVESTORS
ASSURANCE CORPORATION (the "Insurer"), a stock insurance company incorporated
under the laws of the State of New York.
Based On an approved application dated September 17, 1991, the Insurer
agrees, upon satisfaction of the conditions herein, to issue on the earlier of
(i) 120 days of said approval date or Ill) on 'the date of delivery of and
payment for the Obligations, a financial guaranty insnrance policy (the "Bond
Insurance Policy"), for the Obligations, insuring the payment of principal of
and interest on the Obligations when due. The issuance of the-Bond Insurance
Policy shall be subject to the following terms and conditions:
1. Payment by the Applicant, or by the Trustee on behalf of
Applicant, on the date of delivery of and payment for the Obligations,
following payments:
a. a nonrefundable premium in the amount of 1.52% of total debt
service, less credit of $28,000, premium rounded to the nearest
thousand. The premium set out in this paragraph shall be the
total premium required to be paid on the Bond Insurance Policy
issued pu~r~suant to this Commitment; and
b. Standard & Poor's Corporation rating agency fees in an amount to
be billed directly by Standard & Poor's Corporation, based on
the final par and other factors as determined by Standard &
Poor's Corporation; and
c. Moody's Investors Service rating agency fees in an amount to be
billed directly by Moody's Investors Service, based on the final
par and other factors as determined by Moody's Investors Service.
the
the
2. The Obligations shall have received the unqualified opinion of bond
counsel with respect to the validity of the Obligations and other matters
customarily provided by the Bond Counsel.
3. There shall have been no material adverse change ~n the Obligations
or the Resolution, Bond Ordinance, Trust Indenture or other official document
authorizing the issuance of the Obligations or in the final official statement
or other similar document, including the financial statements included therein~-
4. There shall have been no material adverse change in any information
submitted to the Insurer as a part of the application or subsequently
submitted to be a part of the application to the Insurer.
-2-
5. No event shall have occurred which would allow'any underwriter or any
other purchaser of the Obligations not to be required to purchase the
Obligations at closing.
§. Ail documents executed in connection with the iissuance of the
Obligations shall contain a provision which requires copies Of any amendments
to such documents consented to by-the Insurer to be sent to Standard & Poor's.
7. A Statement of Insurance satisfactory to the Insureri shall be printed
on the obligations.
8. Prior to the delivery of and payment for the Obligations, none of the
information or documents submitted as a part of the application to the Insurer
shall be determined to contain any untrue or misleading~ statement of a
material fact or fail to state a material fact required to be stated therein
or necessary in order to make the statements contained therein not misleading.
9. No material adverse change affecting any security fo,r the Obligations
shall have occurred prior to the delivery of and payment for the Obligations.
10. This Commitment may be signed in counterpart by the parties hereto.
11. Receipt by Municipal Bond Invesfors Assurance Corporation of the
final debt service schedule on the issue within three business days from the
sale date.
12. Receipt, satisfactory review and subsequent o~al approval by
Municipal Bond Investors Assurance Corporation of draft copies of the CPA's
verification, escrow securities purchase contracts of SLG subscription forms
and escrow agreement at least ten businass days prior to closing. Final and
signed copies of all the above documents to be sent via overnight mai] from
closing.
13. Receipt by Municipal Bond Investors Assurance Corporation at least
five business days prior to ctos~ng of a draft opinion from~Bond counsel (or
Special Tax Counsel) to the effect that the refunding bonds are being issued
in compliance wiLh state law and that the interest on the refunding bonds is
tax-exempt.
14. Receipt by Municipal Bond Investors Assurance Corporation at least
five business days prior to closing of a draft opinion f~om Bond Counsel
stating that the refunded bonds have been legally defeased. (This condition
is only applicable in those situations where the refunding issue is legally
defeasing the refunded issue.) Final executed copies of ~I3 and ~14 to he
sent vis overnight mail.
-3-
15. If the escrow agreement allows for the substitution of securities in
the escrow account, then it should be provided in the escrow agreement that no
to the
such subst~tutlo may occur unless there has first been delivered
escrow agent/trustee, (1) a CPA verification that the escrow investments, as
substltated, are sufficient to pay debt service~ as it becomes due, on the
refunded bonds and (2) an opinion of nationally recognized bond counsel to the
effect that the substitution is ~e~mitted under the documents and the
substitution has no adverse effect on the tax-exempt nature of the refunding
bonds~.
16.
Escrow investments must be limited to:
A. Cash
B. U.S. Treasury Certificates, Notes
D.
and Bonds (including State and
Local Government S~ries -- "SLG$").
Direct obligations of the Treasury which have been stripped by the
Treasury itself, CATS, TIGR$ and similar securities.
Resolution Funding Corp. (REFCORP) Only the interest component of
REFCORP strips which have been stripped by request to the Federal
Reserve Bank of New York in book entry form are acceptable.
Pre-refunded municipal bonds rated "Aaa" by Moody's or "AAA" by
$&p. If however, the issue is only rated by $&P (i.e., there is
no Moody's rating), then the pre-refunded bonds must have been
pre-refunded with cash, direct U.S, or U.S, guaranteed
obligations, or AAA rated pre-refunded municipals to satisfy this
condition.
Obligations issued by the following agencies which are backed by
the full faith and credit of the U.S.:
a. U-S- ~xport-ImDort Bank (Eximbank)
Direct obligations or fully guaranteed certificates of
beneficial ownership
b. Farmers Home Administration (FHA)
Certificates Of beneficial ownership
c. ~ederal Financing Bank
d. ~eneral Services Administration
Partlcipationlcertiflcates __
e. U-S, Maritime~Administratlon
Guaranteed Title XI financing
f. U-S, Department of Housinq and Urban Development (HUD)
Project Notes
Local Authority Bonds
New Communities Debentures U.S. government guaranteed
debentures
U.S. Public Housing Notes and Bonds U.S. government
guaranteed public housing notes and bonds -
-4-
17. Adjustment to the flow of funds such that payments are
Debt Service Account before the Operations and Maintenance Account.
made to the
18. Increase in the rate covenant such that rates and charges for the use
of the golf course produce gross revenues of the golf course equal (i) ~00% of
the operation and- maintenance expenses; (ii) 125% of the ~debt service
requirements on the Bonds; and (iii) 100% of any.deposits required to the
Renewal and Replacement Fund and the Reserve Account.
19) Increase in ~he Additional Bonds Test such that additional parity
obligations~may be issued if there is CPA verification that for any twelve
consecutive months of the eighteen months immediately precedinq the issuance
of the additional parity obligations:
Ia) Either (i) the amount of Net Revenues from the golf course equal
at least 1~25x MADS for all out§tanding and proposed parity
obligations~ and 1.00x MADS for all outstanding subordinated
indebtedness or (ii) the Net Revenues plus the Public Service Tax
Revenues, equal at least 1.50x MADS for all 6utstanding and
proposed parity obligations and 1.00x MADS for all outstanding
subordinated indebtedness,
(b) The Public Se=vice Tax, Revenues alone equal at least 1.25x MADS on
ail outstanding and p~oposed parity obligations and 1.00x MADS on
all o~tstandi~g subordinated indebtedness.
Dated this 26th day of September, 1991.
MUNICIPAL BOND INVESTORS ASSURANCE CORPORATION
Assistant 8~cretary
CITY OF BOYNTON BEACH
By
Title:
THE MUNICIPAL BOND INVESTORS ASSURANCE CORPORATION INSURANCE POLICY
The following information has been fUrnished by Municipal Bond Investors
............ ~ ~=- --se in this official Statement.
Assurance Corporation {the
m?ade to ~FF==~'----kn~:x for a specimen of the Insurer S polxcy.
Referenceis
The Insurer's ]
and complete payment regu%red to
Paying Agent or its Successor of
(either at the st
mandatory sinking
shall becomedue
acceleration o:
and i~revocably guarantees the full
~f the Issuer to the
Ii) the prlncipal of
o~ maturity pursuant to a
such payments
that[in the event of any
reason of mandatory or
other
and any such
not been any such
~uant
to a ~,any
~titutes
ap~
The p~epayment
The
loss
sinking an accelerated
basis; ~ by an owner
The
thereof; or :(iv) [ of or
or any other
interest on for the Bonds.
act Or omiss~on of
.ce, such notice
! mail, or upon
from
Upon receipt of telephonic
subsequently confirmed in writing
receipt of ~ritten notice by regist
the Paying Agent or any o--wner of a Bond t~e payment~ of an insured amount for
which is then due, that such required payment has not been made, the Insurer
te of such payment or within, one business day after receipt of
on the due da
notice of such nonpayment, ~hichevei is ~l~f, will make a deposit of funds,
in an account with Citibank, N.A., in Newi York, New York, or its successor,
sufficient for the payment of any such '~.~su~ed amounts which are then due.
Upon presentment and surrender!Df such BOnd~ or presentment' of such 'other
proof of ownership of the Bonds~"t0~ether '~ith any appropriate instruments of
assignment to evidence the assignment of the insured amounts due on the Bonds
effect the
as are paid by the Insurer, and appropriate instrLunents to
appointment of the Insurer as agent~ for su~ 6wners of the Bonds in any legal
proceeding related ~o payment of insured amounts on the Bonds, such
instrnments being in a form satisfactory ~o Citibank, N.A., Citibank,
shall disburse to such owners or the paying Agent payment of the insured
amounts due on' such Bonds, less any amount held by the Paying Agent for the
payment of such insured amounts and !legally available therefor.
-2-
The Insurer is t_he principal operating subsidiary of MBIA Inc. The
principal shareholders of MBIA Inc. are The Aetna Casualty and Surety Company,
The Fund American Companies, Inc., subsidiaries of CIGNA Corporation, and
Credit Local de France, CAECL S.A.', and they own approximately 35% of the
outstanding common stock of MBIA Inc. Neither MBIA Inc. nor its shareholders
are obligated to pay the debts of or claims against the Insurer. The Insurer
is a limited liabi~it~ corporation rather than a several liability
association. The Insurer is domiciled in the State of Nqw York and licensed
to do business in all 50 states, the District of Columbia and the Commonwealth
of Puerto Rico.
As of December 31, 1990, the Insurer had admitted assets of $1.8 billion
(audited), total liabilities of $t.2 billion (audited), andtotal capital and
surplus of $579 million (audited) prepared in accordance with statutory
accounting practices prescribed or permitted by insurance regulatory
authorities. As of June 30, 1991 the Insurer had admitted assets of $2.1
billlon (unaudited), total llabillties of $1.5 hilllon.(unaudited), and total
capital and -surplus of $606 million (unaudited) determined in accordance with
statutory accounting practices prescribed or permitted by insurance regulator~
authorities. Copies of the InsorerLs ~ear end financial' statements prepared
in accordance with statutory accounting practices, are available from the
Insurer. The address of the Insurer is 113 King Street, Armonk, New York
10504.
Moody's Investors Service rates ~11 bond issues insured by-the Insurer
"Aaa" and short' term loans "MIG 1," both designated to be of the highest
quality.
Standard & Poor's Corporation rates all new issues insured by the Insurer
"AAA" Prime Grade.
The Moody's Investors Service rating of the Insurer should be evaluated
independently of the Standard & Poor's Corporation rating of the Insurer. No
application has been made to any other rating agency in order to obtain
additlonal ratings on the Bonds. The ratings reflect the respective rating
agency's current assessment of the creditworthiness of the Insurer and its
ability to pa~ claims on its .policies of insurance. Any further explanatlon
as to the significance of the above ratings may be obtained only from the
applicable rating agency.
The above ratings are not recommendations to buy, sell or hold the Bonds,
and such ratings may be subject to revision or withdrawal at any time by the
rating agencies. Any downward revision or withdrawal of either or both
ratings may have an adverse effect on the market price of the Bonds.
There can be no assurances that payments made by the Insurer representing
interest on the [obligations] will be excluded from gross income, for federal
tax purposes, in the event of nonappropriatlon by the [political subdivision].
The insurance provided by this Policy is not covered by the Florida
Insurance Guaranty Association created under chapter 631, Florida Statutes.
FL/LSE
The ~unici~al BOnd Investors Assurance Corporation (the "Insurer") has
issued a poli~y containing the following ~r~v'isions. such~policy being on file
at
The Insurer. in consideration of the payment ~f the ~emium and
subject to th~ terms of 'th{s p~ii~. ,hereby u~conditionally ~nd irrevocably
guarantees to any o%rner, as hereinafter .defined. of the following described
obligations, the full and complete payment required to be made by or on behalf
of the Issuer to
or its successor (the "Paying Agent's)O~ ~n',amount equal t°i (i) the{~principal
of (either at]the statea matnri~elrlb~ ~ny~advancem~nt~f maturity p~rsna~t
to a mandator~ sinking f%t~d palrmen~)i~n~ %n~e~e~t, on. ~e~ O~ll~t%%ns (~s~h~
term ~s defined below) ~s s~ch palnB~nts shall become due but snail non ~=
principal by reasonl ~f mandatory~ or optional redemption or accemera~
res~ltlng from default Dr otherwise, other than any advancement of maturity
pursuant te a m~ndatory sinking fund payment', the payment~ guaranteed hereby
shall be made in such amounts an~ at such times~ as such ~ayments oi p~inci~al
~ ..... k~ _~ been any ~sueh acceleration); and (ii) the
~-~u~enbteTfG~:y~c~ which! ~s subsequently recovered from any
owner pursuant to a fill ~ndgment by a court of competent jurisdiction that
such payment constitutes an avoidable ~reference to such owner within the
meaning of any applicable bankruptcy law. Th~ amounts referred to in clauses
(i) and (ii) of the preceding sentence Shall be referred to herein
cotlectivel~ as the "Insured~;kmounts-" "Obliganions" shall mean:
Upon receipt of telephonic or telegraphic notice, such notice Subsequently
confirmed in writing by registered or certified mail, or upon receipt of written
notice by registered or c~rtified mail, by the Insurer from the Paying Agent or
any owner of an Obligation the payment of an Insured Amount for which is theu
due, that such required payment has not been made, the Iusurer on the due date
of such payment or within one business day after receipt of-uotice of such
nonpayment; whichever is later, will make a deposit--of funds, in an account with
Citibank, N.A., in New York, New York, or its saccessor, sufficient for the
payment of any such Insured Amounts which are then due. Upon presentment and
surrender of such Obligations or presentment of such other proof of ownership of
the Obligations, together with any appropriate instruments of assignment to
evidence the assignment of the Insured Amounts due on the Obligations as are
paid by the Insurer,-and appropriate instruments to effect the appointment of
the Insurer as agent for such owners of the Obligations in any legal proceeding
related to payment of Insured Amounts on the Obligations, such instruments being
in a form satisfactory to Citibank, N.A., Citibank, N.A. shall disburse to such
owners or the Paying Agent payment of the Insured Amounts due on such
Obligations, less any amount held by the Paying Agent for the pDy~_ent of such
Insured Amounts and legally available therefor. This policy does not insure
against loss of any prepayment premium which may at any time be payable with
respect to any Obligation.
As used herein, t
0bliqation as indi
or any designee Of %he
include the Issuer o~
shall-mean the registered owner of any
the hooks maintained by the Paying Agent, the Issuer,
: for such purPose. The term owner ,shall not
agreementI with the'Issuer constitutes the
underlying security for~the0bligations&
Any service of process on the Insurer may be made to the Insurer at its
offices located at 113 Kinq Street, Armonk, New York 10504.
This policy is non-cancellable for any reason. The premium on this policy
is not refundable for any reason including the payment prior to maturity of the
Obligations.
The insurance provided by this Policy is not covered by the Florida
Insurance Guaranty Association created under chapter 631, Florida Statutes.
MUNICIPAL BOND INVESTORS ASSURANCE'~0RPORATION
STD-R-FL-1
*Insert Name of Trustee or Paying Agent.
FINANCIAL GUARANTY INSURANCE POLICY
Policy No. XXXXXX
M .......... ~ ...... c~.~, :on ~the -Insurer") in consideration of tig payma~ ~ the premium and subject to thc terrva of this
A~el~t2 '1 of ~ amomlt c¢lua] to (I) th~ Drll~l~l! of (either at th~ :~at~ ~tufl~ ~ y ~ ~ ~ ..
~1 ~ ma& in such ~oun~ ~ at such-~ = ~u~n~ ~ p~,~ ~d have ~ ~e ~ ~,na~ ~ suCp ~n~f
[~O~T~E OF OBLIGA~ONS]
U~on ~ceipt of telephonle or tel~graphic notice, such nofic~ suhsequent~ confirmed in writing by regis~red or certified mail, o~ ~ v~e. ipt of,
'. ......... :-----.~ A. ~-rtified map s,~ ti~ I~umr from O~ pavlne Agent or any owner of an ObligaUon th~ payment oz ~n msu~a
.~-nount fo~ whmh ,s d~.n due, t.hat s~h
~l~s ~ ~u~ of ~h o~r
~c~-~o~ ~e ~ ~ch Ob gatio~ ~ss any ~ount ~ byr~ Pay~g Ag~ f~ ~e pay~at of such ~su~ ~o~
day of [MO~ ~1-
COUN i Bt~IGNED:
MUNICIPAL BOND INVESTORS
AS SURANCE CORPORATION
Resident Licensed Agent President
City, Stat~
Date Assistant Secretary :.
STD-RCSyFL4
~enLs under the Policy
A. In the event that, on the second Business Day, ~nd again on the
Business Day, prior to the palrment date on the Obligations. the Paying Agent
has not received sufficient moneys to pay all principal of and interest on the
Obligations due on the second following or following, as th~ case may be,
Business Day, the Pa~in~ Agent shall immediately notify the Insurer or its
designee on the same Business Day by telephone or te~%graph, confirmed in
writing b~ registered or certified mail, of the amount of the deficiency.
B. If the deficiency is made up in whole or in part prior to or on
the payment date, the Paying Agent shall so notify the Insurer or its designee.
C. _In addition, if the Paying Agent has notice that any Bondholder
has been required to disgorge palrments of principal or interest on the
Obligation to a trustee in Bankruptcy or creditors or others pursuant to a
final judgment by a court of competent jurisdiction that such payment
constitutes a voidable preference to such Bondholder within the meaning of any
applicable bankruptcy laws, then the Paying Agent shall notify the Insurer or
it~ deslgne~ of' such fact by telephone or. telegraphic notice, confirmed in
wrltingby registered or certified mail.
Di The Paying Agent is hereby irrevocably designated, appointed,
directed and authorize~ to act as attorney-in-fact for Holders of the
Obligations as folIow~:
1. If and to the extent there is a deficiency in amounts
required to pay interest on the Obligations, the Paying Agent shall
(a) execute and deliver to Citibank, N.A., or its successors under the
Policy (the "Insurance Paying Agent"), in form satisfactory to the
Insurance Paying Agent, an instrument appointing the Insurer as agent
for such Holders in any legal proceeding related to the payment of
such interest and an' assignment to the Insurer of the claims for
interest to which such deficiency relates and which are paid by the
Insurer, (b) receive as designee of the respective Holders (and not as
Paying Agent} in accordance with the tenor of the Policy payment from
the Insurance Paying Agent with respect to the claims for interest so
assigned, and (c) disburse the same to such respective Holders; and
2. If and to the extent of a deficiency in amounts required to
pay principal of the Obligations, the Paying Agent shall (a) execute
and deliver to the Insurance Paying Agent in form satisfactory to the
Insurance Paying Agent an instrument appointing the Insurer as agent
for such Holder fn any legal proceeding relating to the payment of
such principal and an assignment to the Insurer of any of the
Obligation surrendered to the Insurance Paying agent of so much of the
principal amount thereof as has not previously been paid or for which
moneys are not held by the Paying Agent and available for such payment
(but such assignment shall be delivered only if payment from the
Insurance Paying Agent is received), (b) receive as designee of the
respective Holders (and hoe as Paying Agent} in accordance with th~
tenor of the Policy payment therefor from the Insurance Paying Agent,
amd (c) disburse the s~une to such Holders.
E. palzments wit~ respect 5o claims for interest on and principal of
Obligations disbursed by the Paying Agent £rom proceeds of the Policy shall
not be considered to discharge the obligation of the Issuer with respect to
such Obligations. and the Insurer shall become the owner of such unpaid
Obligation and claims for the interest' in accordance with the tenor of the
assignment made tO 'it under the provisions of this subsection or_ otherwise.
F. Irrespec~ive-~of whether any such assignment is executed and
delivered, the Issuer and ~the Paying Agent hereby agre9 ~or the benefit of the
Insurer t~at.
directly or indirectly
account of principal of
will be subrogated to the
of such
as provided and ~olel~'fr
the Obligations~ and
They recognize that to the extent the Insurer makes payments~
the Paying Agent), on
~ligatiqns. the Insurer
Holders to receive the amount
with interest thereon
;rated in this Indenture and
2. The~
prlncipal and
the
principal and interest shall he~,
paid), with intere',
Obligation.
herein for the
to Holders. 2
amount of such
and interest recovered
of the Policy. which
~ due and not to have been
in this Indenture and the
manner provided
Est on the Obligations
~he Insurer as the o~rner of such
rights to the amou~t of s~ch principal and interest.
G. In connection~ with,~e of additional Obligations. the
Issuer shall 'oflthe disclosure document, if any.
circulated withrespe(
H. Copies of any amend~me~ts~, made to the ~ocuments executed in
connection with the is~,uance of the~ ~bl~g~t~ons which are consented to by the
Insurer shall be sent ~o ~tandar~ R ~6or's Co~p0ration-
I. The Insurer shall receive notice of the resignation or removal of
the Paying Agent and the appointment of a successor thereto.
J. The Insurer shall receive copies of all notices required to be
delivered to~ Bondholders and, on am annual basis, copies of the Issuer's
audited financial statements and Annual Budget.
Notices: A~y notice that is~ required to be given to a holder of the
Obligation or to the Paying Agent pursuant to the Indenture shall also be
provided to the Insurer. All notices required uo be given ~o the Insurer
under the Indennure shall be in ,writing and shall be sent b5' registered or
certified mail addressed Eo Municipal Bond Investors Assurance Corporation.
113 King Street, krmonk. New York 10504 Attention: Surveillance.
3065a