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<br />29 <br />Other Agreements <br /> <br />The Successor Agency has several Owner Participation Agreements (each, a “OPA”) <br />and a Disposition and a Development Agreement (each, a “DDA”) with property owners in the <br />Project Area, as well as an Improvement and Reimbursement Agreement with the owners of the <br />Bay Fair Mall. <br /> <br />The three OPAs are with (i) Argonaut Holdings for an expansion of an auto mall, (ii) F.H <br />Dailey for development of a Chevrolet dealership and (iii) with Ford Leasing for development of <br />a Ford dealership. The DDA is with the Batarse Family Trust for development of the Auto Mall. <br />The Ford, Argonaut and Batarse agreements require the Successor Agency to pay an amount <br />tied to sales tax generation while the Successor Agency’s obligation under the F.H. Dailey <br />agreement is related to the purchase of land. The Successor Agency has determined that its <br />obligation under these agreements are not pledges of tax increment and so are excluded from <br />the Fiscal Consultant’s Report and the projections of Tax Revenues therein. <br /> <br /> <br /> <br />134