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SUPPLEMENTAL CREDENTIALS IN HOUSING FEE ANALYSIS

All of the assignments described were performed directly by or under the immediate supervision of Allan Kotin. Prior to 2002, he was a principal successively of Kotin, Regan & Mouchly, Inc, Sedway Kotin Mouchly Group, KMG Consulting, and PCR Kotin, which were the names of record in which some of these assignments were performed. For ease of reference, only the name of the current firm abbreviated as ADK&A is used in describing the consulting assignment.

During the 1980s and 1990s, Allan Kotin (at that time operating as Kotin, Regan & Mouchly, Inc., and Sedway Kotin Mouchly Group) was actively engaged in the fee setting for affordable housing in the City of Santa Monica. Working both independently and with the firm of Hamilton, Rabinovitz and Alschuler, Allan Kotin helped set the initial in-lieu fees for affordable housing, examined their adjustment over time, and analyzed the particular problems created by the need to replace affordable and rent controlled housing as a consequence of the Northridge earthquake in 1994. More recently, ADK&A has been actively engaged for over nine months in the development of an in-lieu fee for Los Angeles County to be applied to affordable housing in Marina del Rey under the provisions of the Mello Act. This activity has included detailed and extensive research into the effective costs of providing affordable housing in Los Angeles County, a suitable adjustment to that cost for higher value coastal areas, establishment of appropriate factors in terms of size and land area as a basis for applying the fee, and an examination of the impact of that fee on development returns as compared to the underlying affordable housing policy on new development.

H:\Marketng\Resumes\ADKRes\ADKhsng cred.doc
Rev. 7/2/04