The URL can be used to link to this page

Agenda 04/28/2020 Item #16D10 (Federal Transit Grant Application) (;(&87,9(6800$5< 5HFRPPHQGDWLRQWRDSSURYHWKHHOHFWURQLFVXEPLWWDORID)HGHUDO7UDQVLW$GPLQLVWUDWLRQ %XVDQG%XV)DFLOLWLHVJUDQWDSSOLFDWLRQLQWKHDPRXQWRIIRUWKHSXUFKDVHRIVL[ ¶IL[HGURXWHEXVHVDQGWKHUHQRYDWLRQRI WKH&ROOLHU$UHD7UDQVLW0DLQWHQDQFH)DFLOLW\RQ5DGLR 5RDG 2%-(&7,9(7RREWDLQJUDQWIXQGLQJIRUWKHSXUFKDVHRIVL[¶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¶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¶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¶IL[HGURXWHEXVHVDQGWKH UHQRYDWLRQRIWKH&ROOLHU$UHD7UDQVLW0DLQWHQDQFH)DFLOLW\ 3UHSDUHG%\-RVKXD7KRPDV2SHUDWLRQV$QDO\VW&RPPXQLW\DQG+XPDQ6HUYLFHV'LYLVLRQ $77$&+0(176 *UDQW$SSOLFDWLRQ 3') *UDQW3URSRVDO 3') ' 3DFNHW3J &2//,(5&2817< %RDUGRI&RXQW\&RPPLVVLRQHUV ,WHP1XPEHU' 'RF,' ,WHP6XPPDU\5HFRPPHQGDWLRQWRDSSURYHWKHHOHFWURQLFVXEPLWWDORID)HGHUDO7UDQVLW $GPLQLVWUDWLRQ %XV DQG %XV )DFLOLWLHV JUDQW DSSOLFDWLRQ LQ WKH DPRXQW RI IRU WKH SXUFKDVHRIVL[¶IL[HGURXWHEXVHVDQGWKHUHQRYDWLRQRIWKH&ROOLHU$UHD7UDQVLW0DLQWHQDQFH )DFLOLW\RQ5DGLR5RDG 0HHWLQJ'DWH 3UHSDUHG E\ 7LWOH*UDQWV6XSSRUW6SHFLDOLVW±&RPPXQLW\ +XPDQ6HUYLFHV 1DPH-RVKXD7KRPDV 30 6XEPLWWHGE\ 7LWOH'LYLVLRQ'LUHFWRU3XE7UDQ 1EUKG(QK±3XEOLF7UDQVLW 1HLJKERUKRRG(QKDQFHPHQW 1DPH0LFKHOOH$UQROG 30 $SSURYHG%\ 5HYLHZ 3XEOLF7UDQVLW 1HLJKERUKRRG(QKDQFHPHQW 0LFKHOOH$UQROG $GGLWLRQDO5HYLHZHU &RPSOHWHG &RPPXQLW\ +XPDQ6HUYLFHV 7DPL%DLOH\$GGLWLRQDO5HYLHZHU &RPSOHWHG $0 &RPPXQLW\ +XPDQ6HUYLFHV &RUPDF*LEOLQ $GGLWLRQDO5HYLHZHU &RPSOHWHG $0 &RPPXQLW\ +XPDQ6HUYLFHV .ULVWL6RQQWDJ $GGLWLRQDO5HYLHZHU &RPSOHWHG $0 &RPPXQLW\ +XPDQ6HUYLFHV 0DJJLH/RSH]$GGLWLRQDO5HYLHZHU &RPSOHWHG $0 2SHUDWLRQV 9HWHUDQ6HUYLFHV .LPEHUOH\*UDQW /HYHO5HYLHZHU &RPSOHWHG $0 3XEOLF6HUYLFHV'HSDUWPHQW 7RGG+HQU\/HYHO'LYLVLRQ5HYLHZHU &RPSOHWHG $0 *UDQWV (ULFD5RELQVRQ /HYHO*UDQWV5HYLHZ &RPSOHWHG $0 &RXQW\$WWRUQH\ V2IILFH -HQQLIHU%HOSHGLR /HYHO$WWRUQH\RI5HFRUG5HYLHZ &RPSOHWHG $0 3XEOLF6HUYLFHV'HSDUWPHQW 6WHYH&DUQHOO /HYHO'LYLVLRQ$GPLQLVWUDWRU5HYLHZ &RPSOHWHG $0 2IILFHRI0DQDJHPHQWDQG%XGJHW 'HEUD:LQGVRU /HYHO20%*DWHNHHSHU5HYLHZ &RPSOHWHG $0 &RXQW\$WWRUQH\ V2IILFH -HIIUH\$.ODW]NRZ /HYHO&RXQW\$WWRUQH\ V2IILFH5HYLHZ &RPSOHWHG $0 *UDQWV 7KHUHVH6WDQOH\$GGLWLRQDO5HYLHZHU &RPSOHWHG $0 %XGJHWDQG0DQDJHPHQW2IILFH (G)LQQ $GGLWLRQDO5HYLHZHU &RPSOHWHG 30 &RXQW\0DQDJHU V2IILFH 6HDQ&DOODKDQ /HYHO&RXQW\0DQDJHU5HYLHZ &RPSOHWHG 30 %RDUGRI&RXQW\&RPPLVVLRQHUV 0DU\-R%URFN 0HHWLQJ 3HQGLQJ $0 ' 3DFNHW3J :25.63$&()250 7KLV:RUNVSDFHIRUPLVRQHRIWKHIRUPV\RXQHHGWRFRPSOHWHSULRUWRVXEPLWWLQJ\RXU$SSOLFDWLRQ3DFNDJH7KLVIRUPFDQEHFRPSOHWHGLQLWVHQWLUHW\RIIOLQHXVLQJ $GREH5HDGHU<RXFDQVDYH\RXUIRUPE\FOLFNLQJWKH6DYHEXWWRQDQGVHHDQ\HUURUVE\FOLFNLQJWKH³&KHFN)RU(UURUV´EXWWRQ,QSURJUHVVDQGFRPSOHWHGIRUPV FDQEHXSORDGHGDWDQ\WLPHWR*UDQWVJRYXVLQJWKH:RUNVSDFHIHDWXUH :KHQ\RXRSHQDIRUPUHTXLUHGILHOGVDUHKLJKOLJKWHGLQ\HOORZZLWKDUHGERUGHU2SWLRQDOILHOGVDQGFRPSOHWHGILHOGVDUHGLVSOD\HGLQZKLWH,I\RXHQWHULQYDOLGRU LQFRPSOHWHLQIRUPDWLRQLQDILHOG\RXZLOOUHFHLYHDQHUURUPHVVDJH$GGLWLRQDOLQVWUXFWLRQVDQG)$4VDERXWWKH$SSOLFDWLRQ3DFNDJHFDQEHIRXQGLQWKH*UDQWVJRY $SSOLFDQWVWDE 6833257#*5$176*29 23325781,7< 3$&.$*('(7$,/6 2SSRUWXQLW\1XPEHU)7$%86 2SSRUWXQLW\7LWOH*UDQWVIRU%XVHVDQG%XV)DFLOLWLHV3URJUDP 2SSRUWXQLW\3DFNDJH,'3.* &)'$1XPEHU &)'$'HVFULSWLRQ%XVHVDQG%XV)DFLOLWLHV)RUPXOD&RPSHWLWLYHDQG/RZRU1R(PLVVLRQV3URJUDPV &RPSHWLWLRQ,')7$%86 &RPSHWLWLRQ7LWOH*UDQWVIRU%XVHVDQG%XV)DFLOLWLHV3URJUDP 2SHQLQJ'DWH &ORVLQJ'DWH $JHQF\'27)HGHUDO7UDQVLW$GPLQLVWUDWLRQ &RQWDFW,QIRUPDWLRQ0DUN*%DWKULFN 2IILFHRI3URJUDP0DQDJHPHQW (PDLOPDUNEDWKULFN#GRWJRY 3KRQH $33/,&$17 :25.63$&('(7$,/6 :RUNVSDFH,':6 $SSOLFDWLRQ)LOLQJ1DPH&ROOLHU&RXQW\%&& '816 2UJDQL]DWLRQ&2//,(5&2817<2) )RUP1DPH6)0DQGDWRU\)RUP )RUP9HUVLRQ 5HTXLUHPHQW0DQGDWRU\ 'RZQORDG'DWH7LPH$SU30('7 )RUP6WDWH1R(UURUV )250$&7,216 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ $33/,&$7,21)25)('(5$/$66,67$1&(6)0$1'$725< 20%1XPEHU ([SLUDWLRQ'DWH D7\SHRI6XEPLVVLRQ 2WKHUVSHFLI\ E)UHTXHQF\ 2WKHUVSHFLI\ G9HUVLRQ 'DWH5HFHLYHG $SSOLFDQW,GHQWLILHU D)HGHUDO(QWLW\,GHQWLILHU E)HGHUDO$ZDUG,GHQWLILHU 'DWH5HFHLYHGE\6WDWH 6WDWH$SSOLFDWLRQ,GHQWLILHU F2UJDQL]DWLRQDO'816 'HSDUWPHQW1DPH 'LYLVLRQ1DPH 6WUHHW 6WUHHW &LW\&RXQW\3DULVK 6WDWH3URYLQFH =LS3RVWDO&RGH&RXQWU\ E(PSOR\HU7D[SD\HU,GHQWLILFDWLRQ1XPEHU(,17,1 3UHIL[ )LUVW1DPH 0LGGOH1DPH /DVW1DPH 6XIIL[ 7LWOH 2UJDQL]DWLRQDO$IILOLDWLRQ 7HOHSKRQH1XPEHU)D[1XPEHU (PDLO 67$7(86(21/< $33/,&$17,1)250$7,21 G$GGUHVV D/HJDO1DPH H2UJDQL]DWLRQDO8QLW I1DPHDQGFRQWDFWLQIRUPDWLRQRISHUVRQWREHFRQWDFWHGRQPDWWHUVLQYROYLQJWKLVVXEPLVVLRQ $SSOLFDWLRQ 3ODQ )XQGLQJ5HTXHVW 2WKHU $QQXDO 4XDUWHUO\ 2WKHU F&RQVROLGDWHG$SSOLFDWLRQ3ODQ)XQGLQJ5HTXHVW" <HV 1R ,QLWLDO 5HVXEPLVVLRQ 5HYLVLRQ 8SGDWH &RPSOHWHGE\*UDQWVJRYXSRQVXEPLVVLRQ ([SODQDWLRQ &ROOLHU&RXQW\%RDUGRI&RXQW\&RPPLVVLRQHUV 7DPLDPL7UDLO(DVW 6XLWH 1DSOHV &ROOLHU )/)ORULGD 86$81,7('67$7(6 3XEOLF6HUYLFHV 371( 0UV0LFKHOOH $UQROG 'LYLVLRQ'LUHFWRU &ROOLHU&RXQW\ 0LFKHOOH$UQROG#FROOLHUFRXQW\IOJRY 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ D7<3(2)$33/,&$17 2WKHUVSHFLI\ E$GGLWLRQDO'HVFULSWLRQ 1DPHRI)HGHUDO$JHQF\ &DWDORJRI)HGHUDO'RPHVWLF$VVLVWDQFH1XPEHU &)'$7LWOH D$SSOLFDQW E3URJUDP3URMHFW D6WDUW'DWH E(QG'DWH D)HGHUDO E0DWFK ,668%0,66,2168%-(&7725(9,(:%<67$7(81'(5(;(&87,9(25'(5352&(66" &21*5(66,21$/',675,&762) )81',1*3(5,2' (67,0$7(')81',1* $33/,&$7,21)25)('(5$/$66,67$1&(6)0$1'$725< $WWDFKDQDGGLWLRQDOOLVWRI3URJUDP3URMHFW&RQJUHVVLRQDO'LVWULFWVLIQHHGHG %&RXQW\*RYHUQPHQW '27)HGHUDO7UDQVLW$GPLQLVWUDWLRQ %XVHVDQG%XV)DFLOLWLHV)RUPXOD&RPSHWLWLYHDQG/RZRU1R(PLVVLRQV3URJUDPV 'HVFULSWLYH7LWOHRI$SSOLFDQW V3URMHFW 0DLQWHQDQFHDQG5HKDELOLWDWLRQRIWKH&ROOLHU$UHD7UDQVLW0DLQWHQDQFH)DFLOLW\DQG5ROOLQJ6WRFN (QKDQFHPHQWV $UHDV$IIHFWHGE\)XQGLQJ D7KLVVXEPLVVLRQZDVPDGHDYDLODEOHWRWKH6WDWHXQGHUWKH([HFXWLYH2UGHU3URFHVVIRUUHYLHZRQ E3URJUDPLVVXEMHFWWR(2EXWKDVQRWEHHQVHOHFWHGE\6WDWHIRUUHYLHZ F3URJUDPLVQRWFRYHUHGE$2 9LHZ$WWDFKPHQW'HOHWH$WWDFKPHQW$GG$WWDFKPHQW 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ ,V7KH$SSOLFDQW'HOLQTXHQW2Q$Q$HGHUDO'HEW" 3UHIL[ )LUVW1DPH 0LGGOH1DPH /DVW1DPH 6XIIL[ 7LWOH 2UJDQL]DWLRQDO$IILOLDWLRQ 7HOHSKRQH1XPEHU (PDLO )D[1XPEHU 6LJQDWXUHRI$XWKRUL]HG5HSUHVHQWDWLYH 'DWH6LJQHG %\VLJQLQJWKLVDSSOLFDWLRQ,FHUWLI\WRWKHVWDWHPHQWVFRQWDLQHGLQWKHOLVWRIFHUWLILFDWLRQV DQGWKDWWKHVWDWHPHQWVKHUHLQ DUHWUXHFRPSOHWHDQGDFFXUDWHWRWKHEHVWRIP\NQRZOHGJH,DOVRSURYLGHWKHUHTXLUHGDVVXUDQFHV DQGDJUHHWRFRPSO\ZLWKDQ\ UHVXOWLQJWHUPVLI,DFFHSWDQDZDUG,DPDZDUHWKDWDQ\IDOVHILFWLWLRXVRUIUDXGXOHQWVWDWHPHQWVRUFODLPVPD\VXEMHFWPHWR FULPLQDOFLYLORUDGPLQLVWUDWLYHSHQDOWLHV86&RGH7LWOH6HFWLRQ $XWKRUL]HG5HSUHVHQWDWLYH $WWDFKVXSSRUWLQJGRFXPHQWVDVVSHFLILHGLQDJHQF\LQVWUXFWLRQV $33/,&$7,21)25)('(5$/$66,67$1&(6)0$1'$725< 7KLVOLVWRIFHUWLILFDWLRQVDQGDVVXUDQFHVRUDQLQWHUQHWVLWHZKHUH\RXPD\REWDLQWKLVOLVWLVFRQWDLQHGLQWKHDQQRXQFHPHQWRUDJHQF\VSHFLILF LQVWUXFWLRQV <HV 1R ([SODQDWLRQ ,$JUHH 0U%XUW / 6DXQGHUV &KDLUPDQ &ROOLHU&RXQW\ %XUW6DXQGHUV#FROOLHUFRXQW\IOJRY &RPSOHWHGE\*UDQWVJRYXSRQVXEPLVVLRQ &RPSOHWHGE\*UDQWVJRYXSRQVXEPLVVLRQ 9LHZ$WWDFKPHQWV'HOHWH$WWDFKPHQWV$GG$WWDFKPHQWV 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ $33/,&$7,21)25)('(5$/$66,67$1&(6)0$1'$725< &RQVROLGDWHG$SSOLFDWLRQ3ODQ)XQGLQJ5HTXHVW([SODQDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ $33/,&$7,21)25)('(5$/$66,67$1&(6)0$1'$725< $SSOLFDQW)HGHUDO'HEW'HOLQTXHQF\([SODQDWLRQ $33/,&$7,21)25)('(5$/$66,67$1&(6)0$1'$725< 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'D 3DFNHW3J$WWDFKPHQW*UDQW$SSOLFDWLRQ)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 3URSRVDO&RQWHQW&KHFNOLVW 6\VWHPDQG3URMHFW6XPPDU\ .H\3HUVRQQHO 3URMHFW6FRSHDQG*RDOV 5HQRYDWLQJWKH$JLQJ0DLQWHQDQFH)DFLOLW\ )DFLOLW\6DIHW\ 6HFXULW\ )OHHW0DLQWHQDQFH1HHGV 7HFKQRORJ$QKDQFHPHQWV %XV6LPXODWRU 'LJLWDO7KLQN5RRP *UHHQ7HFKQRORJ\,QLWLDWLYHV 3URMHFW6FKHGXOH &RQFOXVLRQ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ UHVSRQGVWRHDFKFULWHULRQ 3URYLGHWKH)HGHUDODPRXQWUHTXHVWHG HFWV 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 2QFHKRPHWRWKH&DOXVD,QGLDQVDQGWKHQWKH6HPLQROH FHQWXU\VRSKLVWLFDWLRQDQGDPHQLWLHV DFTXLUHGKLVIRUWXQHWKURXJKVWUHHWFDUDGYHUWLVLQJ:KHQ PDNLQJLWWKHODUJHVWFRXQW\LQWKHVWDWH:LWKLQWKHFRXQ LQWKHHFRQRP\:LWKWKHLQWURGXFWLRQRILQQRYDWLYHPR 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 7KH&$7$GPLQLVWUDWLRQDQG0DLQWHQDQFHIDFLOLW\LVORFDW VHQJHUWUDQVIHUFHQWHU,WLVDPXOWLPRGDOIDFLOLW\WKDWVHUYHV LQWKHHYHQWRIDQHPHUJHQF\ 'HSDUWPHQWDQGWKH&ROOLHU&RXQW$DFLOLWLHV0DQDJHPHQW 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ IRUWKHFRPPXQLW\7KHSDUDWUDQVLWV\VWHPFRQVLVWVRIWKH DQLPSURYHGTXDOLW\RIOLIH 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ WKHULJKW 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ PDLQWHQDQFHWHDP PDNH WKH QHFHVVDU\ FKDQJHV WR DQ DJLQJ PDLQWHQDQFH 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ IHUHGVRPHURRIGDPDJHDVDUHVXOWRIWKHODVWVWRUPDQG VWRUPWKDWSDVVHVWKURXJK $VUDLQVWRUPVDUHFRPPRQWKURXJKRXWWKHVXPPHUPRQWKV FLOLW\WKDWOHDN7KHUHSHDWHGOHDNVKDYHFDXVHGWKHFHLOLQJ WHULRUDWLQJWKHDVSKDOWDURXQGWKHSURSHUW\ LQJFRGHV7KLVUHSODFHPHQWRIWKHKXUULFDQHGDPDJHKDV TXDOLW\FRQFHUQ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 6HFXULW\LVLPSRUWDQWWRWKHHIIHFWLYHRSHUDWLRQVRIWKHPDLQ PHDVXUHVDUHLQSODFHWRPDQDJHHTXLSPHQWDQGSDUWVLQ RIDLUFRQGLWLRQLQJDQGYHQWLODWLRQ7KHUHDUHQRVHFXULW\ PHQWDQGWUDLQLQJWRROVQHHGHGIRUHIIHFWLYHWUDLQLQJLVQRW 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ ,WLVLPSRUWDQWWRKDYHDTXDOLW\WUDLQLQJSURJUDPWKDWUH WKHIDFLOLW\DQGWRROVXVHGPD\PDNHWKHGLIIHUHQFHLQWKH WKDWRXUGULYHUVUHFHLYHWKHUHVRXUFHVDQGWUDLQLQJQHHG HGWRNHHSWKHPVHOYHVDQGWKHLUSDVVHQJHUVVDIH2QH PHDQVRIGRLQJWKLVLVWKHLQWURGXFWLRQRID%XV6LPXODWRU WUDLQLQJV\VWHPGHYHORSHGIRU9HKLFOH2SHUDWRUWUDLQLQJVWR IRUPDQFHPHDVXUHVVWUDWHJ\RIWKHVHUYLFHRSHUDWLRQVDQG 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 5RXWH V\VWHP VHUYLFH LV GHGLFDWHG WR SURYLGLQJ WUDQV SRUWDWLRQWRWKHUXUDODUHDVRIWKH&RXQW\7KLVSURSRVDO FRQGLWLRQRIWKHVHYHKLFOHV FKDUJLQJVWDWLRQV7KHUHTXHVWIRUHOHFWULFYHKLFOHVLVOLP LQFOXGHGDVSDUWRIWKLVDSSOLFDWLRQ7KHV\VWHPLVFDOOHG $%L'LUHFWLRQDO0LFUR*ULGLVDQLQWHOOLJHQWHQHUJ\PDQ WKHJULG 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 0DLQWHQDQFHHTXLSPHQWFRVWVDUH LQFOXGHGLQWKLVLWHP ²%XVLQHVV,QWHOOLJHQFH 6RODU3DQHO,QVWDOODWLRQ WHPDQGHOHFWULFFKDUJLQJVWDWLRQV FKDUJLQJVWDWLRQV 7UDQVSRUWDWLRQ'HYHORSPHQW&UHGLWV 7UDQVSRUWDWLRQ'HYHORSPHQW&UHGLWV 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ DFDUGHDOHUVKLS6LQFHWKDWWLPHWKHXQLPSURYHGSRUWLRQV QHHGVRIWUDQVLWRSHUDWLRQV WKHHYHQWRIDKXUULFDQHWKDWVHYHUHO\GDPDJHVWKHPDLQ RIWKHPDLQWHQDQFHIDFLOLW\ 7KHPDLQWHQDQFHIDFLOLW\GLGVXIIHUVRPHURRIGDPDJHLQ FRPSOHWHGPXOWLSOHWLPHV7KHFRQWLQXHGUHSDLUVDUHQRW SDLUµ,PSURYLQJWKHFRQGLWLRQVRIWKHPDLQWHQDQFHIDFLOLW\ DUHDVRIWKHFRPPXQLW\ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ QHHGV LQDWHGWRWKHWHDP :LWKWKHGHVLJQDQGFRQVWUXFWLRQRIDWUDLQLQJIDFLOLW\WRPHHW QHFHVVDU\WRLPSURYHSHUIRUPDQFH SOD\HGIRUDQDO\WLFDODQGSODQQLQJSXUSRVHVWRHQVXUHWKH 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ SDUDJUDSKVKDYHGHQRWHGWKHIDLOLQJPDLQWHQDQFHVWUXF ,I&$7LVQRWVHOHFWHGIRUWKLVJUDQWDQGKDVWRGHIHUWKH 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 7KHSURSRVHGDSSOLFDWLRQLQFOXGHVWKHLQWURGXFWLRQRIDG WLRQRIPDLQWHQDQFHHTXLSPHQWWRVXSSRUWWKHRQJRLQJUH SDLUVDQGSUHYHQWDWLYHPDLQWHQDQFHRIHOHFWULFYHKLFOHVWKDW $OVRDSDUWRIWKLVSURSRVDOLVWKHLQVWDOODWLRQRID%XV6LP XODWRUWRHQKDQFHWUDLQLQJIRULPSURYHGVDIHW\DUHGXFWLRQ RILQFLGHQWVDQGDFFLGHQWV7KH6LPXODWRULVDQDGYDQFHG WUDLQLQJV\VWHPGHYHORSHGIRU9HKLFOH2SHUDWRUWUDLQLQJVWR 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ %HFDXVHWKH0DLQWHQDQFHIDFLOLW\KDVVXUSDVVHGLWVPLQL HUDWLRQDOVDIHW\7KHUHGXFWLRQLQLQFLGHQWVDQGDFFLGHQWV LQWKLVDSSOLFDWLRQUHGXFHVWKHFXUUHQWDYHUDJHDJHRIWKH DQGHQYLURQPHQWDOTXDOLW\ UHVXOWLQDFRVWVDYLQJVWRWKH&RXQW\DQGKHOSUHGXFHWKH DPRXQWRIJUHHQKRXVHHPLVVLRQVWKDWVWHPIURPFRQGXFW IRUHIURQWRIWKHJUHHQUHYROXWLRQ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 6HUYLFHDOOFXUUHQWDQGIXWXUHWUDQVLWXV ,PSOHPHQWHQYLURQPHQWDOO\IULHQGO\RS HUDWLQJSURFHGXUHV &RQVWUXFW IXWXUH &$7 IDFLOLWLHV 'HYHORSRQJRLQJSURFHVVHVWRPHD VXUHDQGPRQLWRUVHUYLFHTXDOLW\ /RFDOVXSSRUWOHWWHUVDUHLQFOXGHGLQWKH6XSSRUW/HWWHUV VHFWLRQDWWKHHQGRIWKLVGRFXPHQW7KHVRXUFHRIWKHOR 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ LQFOXGHGDWWKHHQGRIWKLVGRFXPHQW SHULRGRIQRWLFHWRSURFHHG&RQVWUXFWLRQLVHVWLPDWHGWR WKH67,3 WUDFWIRUWKHFRQVWUXFWLRQRIDSHUPDQHQW7UDQVIHU)DFLOLW\ LPSURYHPHQWVWRWKHSURSHUW\DQGFRQVWUXFWHGDVHFRQGDU\ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ DOOWHFKQLFDODQGOHJDODXWKRULW\RIVLPLODU&ROOLHU&RXQW\ GHSDUWPHQWV&ROOLHU$UHD7UDQVLWRSHUDWHVXQGHUWKHVX DVVLVW&$7 7KH'HSDUWPHQWDOVRKDVD'LYLVLRQWKDWSURYLGHGJUDQW SOLDQFHLVVXHV FDSDFLW\ &ROOLHU&RXQW\KDVDVRSKLVWLFDWHGDFFRXQWLQJV\VWHPDQG DQFH7KH&RXQW\KDVKDGDORQJVWDQGLQJLPSOHPHQWDWLRQ RIDFRPSDQLRQ*UDQWV0DQDJHPHQW6\VWHPWKDWIXUWKHU DXGLW 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ WRGDWDGULYHQGHFLVLRQPDNLQJ FDSDFLW\UHTXLUHGWRPDQDJHWKLVJUDQW7KHUHDUHSROLFLHV PDQDJHPHQWUHTXLUHPHQWV&ROOLHU$UHD7UDQVLWUHFHLYHG 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ ZhZ>E/',KZ,KK^͕/E͘ WŽƐƚKĨĨŝĐĞŽǆϯϰϯϱϮϵ͕ϭϵϯϬϴ^tϯϴϬƚŚ ^ƚƌĞĞƚ͕&ůŽƌŝĚĂŝƚǇ͕&>ϯϯϬϯϰ dĞůĞƉŚŽŶĞϯϬϱͲϮϰϮͲϮϭϰϮ&ĂĐƐŝŵŝůĞϯϬϱͲϮϰϮͲϮϭϰϯ DĂƌĐŚϲ͕ϮϬϮϬ <͘:ĂŶĞtŝůůŝĂŵƐ͕ĐƚŝŶŐĚŵŝŶŝƐƚƌĂƚŽƌ KĨĨŝĐĞŽĨƚŚĞĚŵŝŶŝƐƚƌĂƚŽƌ &ĞĚĞƌĂůdƌĂŶƐŝƚĚŵŝŶŝƐƚƌĂƚŝŽŶ ϭϮϬϬEĞǁ:ĞƌƐĞǇǀĞŶƵĞ͕^ tĂƐŚŝŶŐƚŽŶ͕ϮϬϱϵϬ ^ƵďũĞĐƚ͗ƵƐĂŶĚƵƐ&ĂĐŝůŝƚŝĞƐWƌŽŐƌĂŵ'ƌĂŶƚƉƉůŝĐĂƚŝŽŶ ʹ ŽůůŝĞƌƌĞĂdƌĂŶƐŝƚ ĞĂƌDƐ͘tŝůůŝĂŵƐ͗ /ĂŵǁƌŝƚŝŶŐƚŽĞǆƉƌĞƐƐ ŽƵƌ ƐƵƉƉŽƌƚĨŽƌƚŚĞƵƐĂŶĚƵƐ&ĂĐŝůŝƚŝĞƐWƌŽŐƌĂŵ'ƌĂŶƚĂƉƉůŝĐĂƚŝŽŶƐƵďŵŝƚƚĂůƚŽ ƚŚĞ&ĞĚĞƌĂůdƌĂŶƐŝƚĚŵŝŶŝƐƚƌĂƚŝŽŶ;&dͿďǇŽůůŝĞƌŽƵŶƚǇŽĂƌĚŽĨŽƵŶƚǇŽŵŵŝƐƐŝŽŶĞƌĨŽƌƚŚĞŝƌdƌĂŶƐŝƚ ŝǀŝƐŝŽŶ͘ hƉƚŽ ĚĂƚĞĨĂĐŝůŝƚŝĞƐĂŶĚĞƋƵŝƉŵĞŶƚĂƌĞĐƌŝƚŝĐĂůĨŽƌƚŚĞĚĞůŝǀĞƌǇŽĨƋƵĂůŝƚǇƚƌĂŶƐŝƚƐĞƌǀŝĐĞ͘DĂŶǇƌĞƐŝĚĞŶƚƐ ŝŶƚŚĞ/ŵŵŽŬĂůĞĞĐŽŵŵƵŶŝƚǇǁŝƚŚŝŶ ŽůůŝĞƌŽƵŶƚǇ͕ůĂĐŬ ƉĞƌƐŽŶĂůƚƌĂŶƐƉŽƌƚĂƚŝŽŶĂŶĚĂƌĞƌĞůŝĂŶƚŽŶĂ ƐƚƌŽŶŐƉƵďůŝĐƚƌĂŶƐŝƚƐǇƐƚĞŵ͘ƵƌƌĞŶƚůǇ͕ŽůůŝĞƌŽƵŶƚǇ͛ƐĞǆŝƐƚŝŶŐŵĂŝŶƚĞŶĂŶĐĞďƵŝůĚŝŶŐŝƐǁĞůůƉĂƐƚŝƚƐ ƵƐĞĨƵůůŝĨĞĂŶĚŝŶŶĞĞĚŽĨƌĞŶŽǀĂƚŝŽŶĂŶĚĞǆƉĂŶƐŝŽŶ͘/ĨĨƵŶĚĞĚ͕ƚŚĞŐƌĂŶƚǁŝůůĂůůŽǁƚŚŽƐĞƌĞŶŽǀĂƚŝŽŶƐ ƚŽ ŽĐĐƵƌĂŶĚǁŝůůŝŶĐŽƌƉŽƌĂƚĞ ƐŽůĂƌĐĂŶŽƉŝĞƐ ŽǀĞƌƉĂƌŬŝŶŐůŽƚƐƚŽŵĂǆŝŵŝǌĞƐƉĂĐĞǁŚŝůĞŐĞŶĞƌĂƚŝŶŐƉŽǁĞƌĨŽƌ ƚŚĞŵĂŝŶƚĞŶĂŶĐĞĨĂĐŝůŝƚǇĂŶĚĞůĞĐƚƌŝĐǀĞŚŝĐůĞƐ͘dŚŝƐŝƐ ĂŶ ŝŶŶŽǀĂƚŝǀĞ ĂƉƉƌŽĂĐŚĂŶĚǁŝůůƌĞĚƵĐĞĐĂƌďŽŶ ĞŵŝƐƐŝŽŶƐ͘ dŚĞWůĂŶŶŝŶŐĂŶĚdƌĂŝŶŝŶŐĐŽŵƉŽŶĞŶƚƐƚŚĂƚĂƌĞŝŶĐůƵĚĞĚŝŶƚŚŝƐŐƌĂŶƚƉƌŽƉŽƐĂůǁŝƚŚƚŚĞŝŐŝƚĂůdŚŝŶŬƌŽŽŵ ĂŶĚƚŚĞƵƐ^ŝŵƵůĂƚŽƌĂƌĞŝŵƉŽƌƚĂŶƚĂƐƉĞĐƚƐƚŚĂƚǁŝůůĂůůŽǁŽůůŝĞƌƌĞĂdƌĂŶƐŝƚƚŽŵĞĞƚƚŚĞŝŶƚĞŶƚŽĨƚŚĞ ƌĞƋƵŝƌĞŵĞŶƚƐŝŶϰϵ͘&͘Z͘WĂƌƚϲϳϯ ;WĂƌƚϲϳϯͿĨŽƌƚŚĞŝŵƉůĞŵĞŶƚĂƚŝŽŶŽĨƚŚĞWƵďůŝĐdƌĂŶƐƉŽƌƚĂƚŝŽŶŐĞŶĐǇ ^ĂĨĞƚǇWůĂŶ;Wd^WͿ͘dŚĞWůĂŶŶŝŶŐƚŽŽůǁŽƵůĚĂůƐŽƉƌŽǀŝĚĞĨŽƌŝŵƉƌŽǀĞŵĞŶƚƐƚŽƚŚĞĞǆŝƐƚŝŶŐƚƌĂŶƐŝƚƐĞƌǀŝĐĞ ƚŽŵĞĞƚƚŚĞŶĞĞĚƐŽĨƚŚĞĐŽŵŵƵŶŝƚǇ͘ dŚĞĞŶƚŝƌĞĐŽŵŵƵŶŝƚǇǁŝůůďĞŶĞĨŝƚĨƌŽŵƚŚŝƐƉƌŽũĞĐƚ͘dŚĂŶŬǇŽƵĨŽƌǇŽƵƌĂƚƚĞŶƚŝŽŶĂŶĚǁĞƌĞƐƉĞĐƚĨƵůůǇ ƌĞƋƵĞƐƚǇŽƵƌĨĂǀŽƌĂďůĞĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨŽůůŝĞƌŽƵŶƚǇ͛ƐƌĞƋƵĞƐƚĨŽƌƚŚĞƵƐĂŶĚƵƐ&ĂĐŝůŝƚŝĞƐWƌŽŐƌĂŵ 'ƌĂŶƚĨƵŶĚƐƚŽŝŵƉƌŽǀĞƐĞƌǀŝĐĞƌĞůŝĂďŝůŝƚǇĂŶĚ ŵŽďŝůŝƚǇĨŽƌƚŚĞƚƌĂŶƐŝƚƌŝĚŝŶŐƉƵďůŝĐ͘ ^ŝŶĐĞƌĞůǇ͕ ŽƚƚŝĞŽŽŬ ZĞǀŝƚĂůŝǌĂƚŝŽŶDĂŶĂŐĞƌ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ DĂƌĐŚϭϮ͕ϮϬϮϬ <͘:ĂŶĞtŝůůŝĂŵƐ͕ĐƚŝŶŐĚŵŝŶŝƐƚƌĂƚŽƌ KĨĨŝĐĞŽĨƚŚĞĚŵŝŶŝƐƚƌĂƚŽƌ &ĞĚĞƌĂůdƌĂŶƐŝƚĚŵŝŶŝƐƚƌĂƚŝŽŶ ϭϮϬϬEĞǁ:ĞƌƐĞǇǀĞŶƵĞ^ tĂƐŚŝŶŐƚŽŶ͕͘͘ϮϬϱϵϬ ĞĂƌDƐ͘tŝůůŝĂŵƐʹ ƚƚŚĞ'ƌĞĂƚĞƌEĂƉůĞƐŚĂŵďĞƌ͕ǁĞďĞůŝĞǀĞĂƐĂĨĞ͕ƵƉͲƚŽͲĚĂƚĞƚƌĂŶƐƉŽƌƚĂƚŝŽŶŶĞƚǁŽƌŬŝƐĐƌŝƚŝĐĂůƚŽĂ ŚĞĂůƚŚǇĞĐŽŶŽŵǇ͘/ƚĂůůŽǁƐŽƵƌĞŵƉůŽǇĞĞƐƚŽŐĞƚƐĂĨĞůǇƚŽǁŽƌŬ͕ƉƌŽǀŝĚĞƐĂĐĐĞƐƐƚŽĂŶƵŶĚĞƌƐĞƌǀĞĚ ƉŽƉƵůĂƚŝŽŶ͕ĂŶĚƌĞĚƵĐĞƐƚƌĂĨĨŝĐĂŶĚĞŶǀŝƌŽŶŵĞŶƚĂůŝŵƉĂĐƚƐ͘ dŚĂƚŝƐǁŚǇǁĞƐƵƉƉŽƌƚŽůůŝĞƌŽĂƌĚŽĨŽƵŶƚǇŽŵŵŝƐƐŝŽŶĞƌƐƌĞƋƵĞƐƚĨŽƌĂďƵƐĂŶĚďƵƐĨĂĐŝůŝƚŝĞƐ ƉƌŽŐƌĂŵŐƌĂŶƚŽŶďĞŚĂůĨŽĨƚŚĞŝƌƚƌĂŶƐŝƚĚŝǀŝƐŝŽŶ͘dŚŝƐŐƌĂŶƚǁŝůůƉƌŽǀŝĚĞŽůůŝĞƌŽƵŶƚǇ͛ƐƚƌĂŶƐŝƚĚŝǀŝƐŝŽŶ ǁŝƚŚƚŚĞŶĞĐĞƐƐĂƌǇƌĞƐŽƵƌĐĞƐƚŽĞǆƉĂŶĚĂŶĚƌĞŵŽĚĞůƚŚĞŝƌĨĂĐŝůŝƚŝĞƐ͕ƚŚƵƐŝŵƉƌŽǀŝŶŐƐǇƐƚĞŵĐŽŶĚŝƚŝŽŶƐ ĂŶĚƐĞƌǀŝĐĞƌĞůŝĂďŝůŝƚǇ͘ dŚĞƉƌŽƉŽƐĞĚƉƌŽũĞĐƚƵƉŐƌĂĚĞƐĂŶĚĞǆƉĂŶĚƐƚŚĞĞǆŝƐƚŝŶŐŵĂŝŶƚĞŶĂŶĐĞĨĂĐŝůŝƚǇ͕ĞƋƵŝƉƐŵĂŝŶƚĞŶĂŶĐĞďĂǇƐ ǁŝƚŚƐƚĂƚĞͲŽĨͲƚŚĞͲĂƌƚĚĞǀŝƐĞƐƚŽŵĂŝŶƚĂŝŶĂƐƵƐƚĂŝŶĂďůĞĨůĞĞƚ͕ĂŶĚŝŶĐůƵĚĞƐƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨƐŽůĂƌ ĐĂŶŽƉŝĞƐƚŽŵĂǆŝŵŝǌĞƐƉĂĐĞǁŚŝůĞŐĞŶĞƌĂƚŝŶŐƉŽǁĞƌĨŽƌƚŚĞŵĂŝŶƚĞŶĂŶĐĞĨĂĐŝůŝƚǇ͘ /ƚĂůƐŽŝŶĐůƵĚĞƐƚŚĞƉƵƌĐŚĂƐĞŽĨƚǁŽĞůĞĐƚƌŝĐďƵƐĞƐ͕ǁŚŝĐŚǁŽƵůĚĨƵŶĐƚŝŽŶĂƐĂďĂĐŬͲƵƉƉŽǁĞƌƐŽƵƌĐĞƚŽ ĞŵĞƌŐĞŶĐǇĨĂĐŝůŝƚŝĞƐŝŶƚŚĞĞǀĞŶƚŽĨĂŶĞŵĞƌŐĞŶĐǇ͘dŚŝƐŝƐĂǀŝƚĂůĐŽŵƉŽŶĞŶƚŽĨƚŚĞŽůůŝĞƌŽƵŶƚǇƉůĂŶƚŽ ŚĂƌĚĞŶĨĂĐŝůŝƚŝĞƐĂŶĚĞŶƐƵƌĞďĂĐŬͲƵƉƉŽǁĞƌŝƐĂǀĂŝůĂďůĞǁŚĞŶŶĞĞĚĞĚ͘ tĞďĞůŝĞǀĞƚŚŝƐƉƌŽũĞĐƚŝƐďĞŶĞĨŝĐŝĂůƚŽƚŚĞĞŶƚŝƌĞĐŽŵŵƵŶŝƚǇĂŶĚǁŽƵůĚƐƚƌŽŶŐůǇĞŶĐŽƵƌĂŐĞǇŽƵƚŽ ĐŽŶƐŝĚĞƌŽůůŝĞƌŽƵŶƚǇ͛ƐƌĞƋƵĞƐƚĨŽƌƵƐĂŶĚƵƐ&ĂĐŝůŝƚŝĞƐ'ƌĂŶƚĨƵŶĚƐƚŽŝŵƉƌŽǀĞĂĐĐĞƐƐ͕ŵŽďŝůŝƚǇĂŶĚ ƐĞƌǀŝĐĞƌĞůŝĂďŝůŝƚǇĨŽƌƉƵďůŝĐƚƌĂŶƐŝƚƵƐĞƌƐ͘ dŚĂŶŬǇŽƵʹ DŝĐŚĂĞůĂůďǇ WƌĞƐŝĚĞŶƚΘK 'ƌĞĂƚĞƌEĂƉůĞƐŚĂŵďĞƌ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ )ORULGD'HSDUWPHQWRI+HDOWK LQ &ROOLHU&RXQW\ 2IILFHRIWKH$GPLQLVWUDWRU6WHSKDQLH9LFN06%6151 (7DPLDPL7UDLO6XLWH1DSOHV)ORULGD 3+21()$; ZZZ)ORULGD+HDOWKJRY 0DUFK .-DQH:LOOLDPV$FWLQJ$GPLQLVWUDWRU 2IILFHRIWKH$GPLQLVWUDWRU )HGHUDO7UDQVLW$GPLQLVWUDWLRQ 1HZ-HUVH\$YHQXH6( :DVKLQJWRQ'& 6XEMHFW%XVDQG%XV)DFLOLWLHV3URJUDP*UDQW$SSOLFDWLRQ±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¶VUHTXHVWIRUWKH%XVDQG%XV)DFLOLWLHV3URJUDP*UDQWIXQGVWRLPSURYH VHUYLFHUHOLDELOLW\DQGLPSURYLQJDFFHVVDQGPRELOLW\IRUWKHWUDQVLWULGLQJSXEOLF 6LQFHUHO\ 6WHSKDQLH9LFN06%6151 $GPLQLVWUDWRU )ORULGD'HSDUWPHQWRI+HDOWKLQ&ROOLHU&RXQW\ (DVW7DPLDPL7ULDO6XLWH 1DSOHV)/ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ 'E 3DFNHW3J$WWDFKPHQW*UDQW3URSRVDO)<%XVDQG%XV)DFLOLWLHV*UDQW$SSOLFDWLRQ