As you may know, SZA is negotiating Bank loan for the amount of $530,000 . This loan when received, pays off the remaining $300,000 loan given to us by a generous zarthosti when the Center was purchased in early 2014 and the remainder to be used for the required modifications to the Center building for approved use by the City. The plans for the Center have already been provided by our architect and approved by the City for construction. We are working with a general contractor, as required, to provide the necessary paper work to the Bank. All our financial reports have been reviewed by an outside CPA as required and submitted to the Bank. While the special CPA review for the last three financial years cost us $10,000, we have already incurred a cost of $55,000 to provide the City for all the required architectural drawings and submission fees. The Board is making sure that everything we do is legally compliant and approved by the City, so that in the future we do not have any problems, as some other associations have had.