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01-30-2017 Special COW Agenda and Packet
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± SP )HEUXDU\ &RIIHHZLWKWKH0D\RU± DP )HEUXDU\ +LVWRULF3UHVHUYDWLRQ&RPPLVVLRQ± SP 1 &RPPLWWHHRIWKH:KROH:RUNVKRSRIWKH 3UHVLGHQWDQGWKH%RDUGRI7UXVWHHV $JHQGD,WHP5HSRUW $JHQGD,WHP1R 6XEPLWWHGE\ 0LFKHOOH*LEDV 6XEPLWWLQJ'HSDUWPHQW $GPLQLVWUDWLRQ'HSDUWPHQW 0HHWLQJ'DWH -DQXDU\ 68%-(&7 $SSURYDORIWKH0LQXWHVRIWKH&RPPLWWHHRIWKH:KROH:RUNVKRSDQG([HFXWLYH6HVVLRQKHOGRQ-DQXDU\ 5HFRPPHQGDWLRQ $77$&+0(176 &2:0LQXWHV 2 Minutes of the Committee of the Whole Workshop of the President and the Board of Trustees Held on January 23, 2017 At Public Works Mayor Collins called the meeting to order at 7:00 p.m. Board Present: Mayor Collins, Trustee O’Rourke, Trustee Peck, Trustee Wojowski, Trustee Bonuchi, and Trustee Lamb. Others present: Brian Murphy, Administrator; Michelle Gibas, Village Clerk; Rick Kaczanko, IT Director; Allen Persons, Public Works Director; Randy Jessen, Public Improvements Superintendent; Scott Threewitt, Lead Engineer; Pat Miller, Streets Superintendent; Jon Proulx, Planning Director; Traci Pleckham, Management Services Director; and John Konopek, Chief of Police. There was one person in the audience. Trustee Lamb moved to approve the Minutes of the Committee of the Whole Workshop and Executive Session held on December 12, 2016. Second by Trustee Peck. Voice Vote. All in favor, 0 opposed. Motion carried. PRESIDENTIAL COMMENTS No Comments. TRUSTEE COMMENTS No Comments. PUBLIC COMMENTS No Comments. WORKSHOP #1 PUBLIC WORKS TOUR Mr. Randy Jessen, Public Improvements Superintendent, led the Mayor, Board of Trustees, staff, and participating audience on a tour of the Public Works Facility. The tour ended at 7:45 p.m. #2 2017-2018 DRAFT FISCAL YEAR BUDGET Mr. Allen Persons, Public Works Director, gave a presentation highlighting the Street Department including personnel, vehicle maintenance, streetlight maintenance, street sign production and installation, property maintenance, technology, snow removal and ice control, and the Forestry program. Mrs. Traci Pleckham reviewed the proposed 2017-2018 General Fund expenses for the Street Department. Mr. Jon Proulx, Planning Director, gave a presentation highlighting the Planning Department’s responsibilities such as Plan Commission, Zoning Board of Appeals, Historic Preservation Commission, Advisory Task Force on Economic Development, façade grants, sign permits, zoning inquiries, SSA inquiries, environmental initiatives, and Economic Development. Mr. Proulx also reviewed staffing and suggested concluding the contract with Retail Strategies. Mrs. Traci Pleckham reviewed the proposed 2017-2018 General Fund expenses for the Planning Department. 3 Village of Plainfield Meeting Minutes – January 23, 2017 Page 2 Mrs. Traci Pleckham reviewed the proposed 2017-2018 General Fund expenses for the Administration/Finance Departments including Legislative, Administrative, Community Relations, Facility Management, Human Resources, and IT Program. Mr. Ken Goska gave a presentation highlighting the Building/Code Enforcement Department including the organization chart, objectives, residential permits, commercial permits, inspections, miscellaneous permits, and code enforcement. Mrs. Traci Pleckham reviewed the proposed 2017-2018 General Fund expenses for the Building/Code Enforcement Department. Mrs. Pleckham reviewed the estimated revenues for the proposed 2017-2018 General Fund. There was some general discussion regarding the tax levy. Trustee Lamb moved to adjourn to Executive Session as permitted under the Open Meetings Act, under Section 2 (c)(3) to discuss the selection, appointment, performance, discipline, or removal of a public official, not to reconvene. Second by Trustee Bonuchi. Vote by roll call. O’Rourke, yes; Peck, yes; Wojowski, yes; Bonuchi, yes; Lamb yes. 5 yes, 0 no. Motion carried. The meeting adjourned at 9:22 p.m. Michelle Gibas, Village Clerk 4 &RPPLWWHHRIWKH:KROH:RUNVKRSRIWKH 3UHVLGHQWDQGWKH%RDUGRI7UXVWHHV $JHQGD,WHP5HSRUW $JHQGD,WHP1R 6XEPLWWHGE\ 0LFKHOOH*LEDV 6XEPLWWLQJ'HSDUWPHQW 0DQDJHPHQW6HUYLFHV'HSDUWPHQW 0HHWLQJ'DWH -DQXDU\ 68%-(&7 '5$)7),6&$/<($5%8'*(7 6WDIIZLOOSUHVHQWWKHGUDIW&DSLWDO%XGJHW 5HFRPPHQGDWLRQ $77$&+0(176 &DSLWDODQG52:0DLQWHQDQFH%XGJHW,QIRUPDWLRQ6WDII5HSRUW &DSLWDO,PSURYHPHQW5HYHQXHDQG([SHQVH'HWDLO 5 D dŽ &ƌ ZĞ Ă ^ƚ ĂŶ WŽ /Ŷ LJĞ ĂŶ &ŝ dŚ ŵ ZĞ dŚ ƵƉ D DKZE Ž͗ůůĞŶW ƌŽŵ͗ZĂŶĚĂ ĂƚĞ͗:ĂŶƵĂƌ Ğ͗ϮϬϭϳͬ ĂĐŬŐƌŽƵŶĚ&ŝ ƚĂĨĨŚĂƐƵƉĚĂ ŶĚƉƌŽŐƌĂŵƐ͘ ŽůŝĐLJŽŶƐŝĚĞ ŶŬĞĞƉŝŶŐǁŝƚ ĞĂƌůLJǁŝƚŚŝŶƉ ŶĚ^ƚƌĂƚĞŐŝĐW ŝŶĂŶĐŝĂůŽŶƐ ŚĞŝŶĨŽƌŵĂƚŝ ŵĂŝŶƚĞŶĂŶĐĞƉ ĞĐŽŵŵĞŶĚĂƚ ŚŝƐŝŶĨŽƌŵĂƚŝ ƉĐŽŵŝŶŐ&ŝƐĐĂ hD WĞƌƐŽŶƐʹŝƌĞ ůů:ĞƐƐĞŶʹ^Ƶ ƌLJϮϰ͕ϮϬϭϳ ϭϴĂƉŝƚĂůĂŶ ŶĚŝŶŐƐ ƚĞĚƚŚĞĂƚƚĂĐ ͘ŽƐƚĞƐƚŝŵĂƚ ĞƌĂƚŝŽŶƐ ŚƐŽƵŶĚĨŝŶĂ ƉƵƚĨƌŽŵƚŚĞĞ WůĂŶƉƌŽǀŝĚĞƚ ƐŝĚĞƌĂƚŝŽŶƐ ŝŽŶŝƐĂŐƵŝ ƉƌŽŐƌĂŵƐ͘ ƚŝŽŶ ŽŶŝƐƉƌŽǀŝĚĞ ĂůLJĞĂƌĨƌŽŵƚ ĞĐƚŽƌŽĨWƵďůŝ ƉĞƌŝŶƚĞŶĚĞŶƚ ŶĚZKtDĂŝŶ ĐŚĞĚƐƉƌĞĂĚƐŚ ƚĞƐĂƌĞƉƌŽǀŝĚ ŶĐŝĂůƉƌĂĐƚŝĐĞ ĞůĞĐƚĞĚŽĨĨŝĐŝĂ ƚŚĞďĂƐŝƐĨŽƌĨ ŝĚĞůŝŶĞĨŽƌĨ ĞĚƚŽĂŝĚŝŶ ƚŚĞĞůĞĐƚĞĚŽ ŝĐtŽƌŬƐ ƚŽĨWƵďůŝĐ/ŵ ŶƚĞŶĂŶĐĞƵĚ ŚĞĞƚƐƚŽƌĞĨůĞ ĚĞĚƚŽŐŝǀĞƐĐ ĞƐ͕ƚŚĞĂƉŝƚĂ ĂůƐĂŶĚƚŚĞĐŝ ĨƵƚƵƌĞƉƌŽũĞĐ ĨƵƚƵƌĞŝŶǀĞƐƚ ƚŚĞĚŝƌĞĐƚŝŽŶ ĨĨŝĐŝĂůƐ͘ ƉƌŽǀĞŵĞŶƚƐ ĚŐĞƚŝŶĨŽƌŵĂƚ ĞĐƚƚŚĞĚŝƌĞĐƚŝ ĐŽƉĞĂŶĚĂŝĚŝ ĂůĂŶĚZKtŵ ŝƚŝnjĞŶƐŽĨWůĂŝ ƚƐĂŶĚƉƌŽŐƌĂ ƚŵĞŶƚƐƚŽǁĂ ŶŽĨƚŚĞŽŶŐŽ ƚŝŽŶ ŝŽŶŐŝǀĞŶŝŶƉ ŝŶĨƵŶĚŝŶŐƐŽ ŵĂŝŶƚĞŶĂŶĐĞ ŶĨŝĞůĚ͘dŚĞs ĂŵƐǁŚŝůĞĂůůŽ ĂƌĚƐdƌĂŶƐƉŽ ŽŝŶŐĂŶĚĂŶƚ ƉƌĞǀŝŽƵƐLJĞĂƌ ůƵƚŝŽŶƐ͘ ƉƌŽũĞĐƚƐĂŶĚ ŝůůĂŐĞ͛ƐĂĚŽƉƚ ŽǁŝŶŐĨŽƌƵƉĚ ŽƌƚĂƚŝŽŶƉƌŽũ ƚŝĐŝƉĂƚĞĚƉƌŽũ ƌƐŝŶƌĞŐĂƌĚƐƚ ƉƌŽŐƌĂŵƐĂƌ ƚĞĚdƌĂŶƐƉŽƌƚ ĚĂƚĞƐĂƐŶĞĐĞ ũĞĐƚƐĂŶĚƌŝŐ ũĞĐƚƐĂŶĚƉƌŽ ƚŽƉƌŽũĞĐƚƐ ƌĞƵƉĚĂƚĞĚ ƚĂƚŝŽŶWůĂŶ ĞƐƐĂƌLJ͘ ŐŚƚͲŽĨͲǁĂLJ ŽŐƌĂŵƐĨŽƌ 6 ĂƉŝƚĂůWƌŽũĞĐƚ>ŝƐƚϭͬϮϱͬϭϳ ƵƌƌĞŶƚůLJŝŶĐŽŶƐƚƌƵĐƚŝŽŶƐƚĂŐĞ ϭʹϭϮϳƚŚ^ƚƌĞĞƚƌĞĐŽŶƐƚƌƵĐƚŝŽŶ ϮʹϭϮϳͬϮϰϴƌŽƐƐǁĂůŬĂŶĚƐŝŐŶĂůƉƌŽũĞĐƚ ϯʹZƚϯϬĨƌŽŵ/ͲϱϱƚŽϱϵ ƵƌƌĞŶƚůLJŝŶ ŶŐŝŶĞĞƌŝŶŐƐƚĂŐĞ ϰʹϭϰϯƌĚ^ƚƌĞĞƚ džƚĞŶƐŝŽŶ ϱʹW>&ͬEĂƉĞƌĂŶĚϭϮϳƚŚŝŶƚĞƌƐĞĐƚŝŽŶ ϲʹϭϰϯͬϯϬŝŶƚĞƌƐĞĐƚŝŽŶ ϳʹZĞŶǁŝĐŬZŽĂĚƌĞĐŽŶƐƚƌƵĐƚŝŽŶ;^ƉĂŶŐůĞƌ&ĂƌŵƐƵďĚŝǀŝƐŝŽŶͲZŝǀĞƌZĚͿ ϴʹ/ͲϱϱŝŶƚĞƌĐŚĂŶŐĞƉƌŽũĞĐƚ ϵʹ>ŽĐŬƉŽƌƚ^ƚƌĞĞƚďLJƉĂƐƐƉƌŽũĞĐƚ ϭϬʹŽǁŶƚŽǁŶƐƚƌĞĞƚƐͬƵƚŝůŝƚLJƌĞĐŽŶƐƚƌƵĐƚŝŽŶ;ƐŽƵƚŚŽĨ>ŽĐŬƉŽƌƚƐƚƌĞĞƚͿ ϭϭʹ/ŶĚŝĂŶŽƵŶĚĂƌLJƌŝĚŐĞƉƌŽũĞĐƚ ϭϮʹW ƉĂƌŬͲŶͲƌŝĚĞƉƌŽũĞĐƚ 7 Project Overview 127th Street Reconstruction Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 Phone: (815) 436-3577 Description:Reconstruction of 127th street will include curb and gutter, storm sewer, street lighting, sidewalks and bike path. Benefits:With this project will replace the rural roadway gap with a 3 lane urban cross sec- tion between Tuttle estates and Heggs Road and add lighting and pedestrian improvements. Project Costs: Project cost: $2,673,073.13 Grant Funding: $2,000,000.00 Net Total: $ 673,073.13 Schedule: This project is under construction. Primary Contact: Plainfield Public Works Consultant:Baxter and Woodman Contractor:“D” Construction Page 1 *Please Contact the Number Below with Any Further Questions* 8 Project Overview 127th and 248th Street Crosswalk and signal project Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 Phone: (815) 436-3577 Description:Included in this project is the construction of a new crosswalk on 127th and 248th street including pedestrian signal improvements to the existing traffic signal. Benefits:This project will eliminate gaps in the existing pathways to ensure the safety of all bikers, pedestrians, and students traveling to Plainfield North high school nearby. Project Costs: Project cost: $196,658.70 Grant Funding: NA Net Total: $196,658.70 Schedule:This project is under construction. Primary Contact: Plainfield Public Works Consultant:HLR Contractor:“D” Construction Page 2 *Please Contact the Number Below with Any Further Questions* 9 Project Overview US 30 Widening and Reconstruction Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 Phone: (815) 436-3577 Description:As a result of the increased traffic on route 30 IDOT will be working to increase the width of the road from IL 59 to I-55, as well as, improve conditions for those traveling to and from I-55 and surrounding communities. Benefits:This project will upgrade the roadway and increase capacity in order to serve the projected traffic demand. Project Costs: Total: *Non-inclusive of ROW $21,000,000 Grant Funding: NA Net Total: $21,000,000 Schedule:This project is under construction. Primary Contact: IDOT Consultant:Millhouse Engineering Contractor:“D” Construction Page 3 *Please Contact the Number Below with Any Further Questions* 10 Project Overview 143rd Street Extension- IL59toIL126 Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 Phone: (815) 436-3577 Description:This project includes the construction of a new connector road and bridge off of 143rd street between Route 59 and IL 126. Benefits:This project will benefit the expected increase in traffic, as well as, improve the east-west access through the region. Project Costs: Project Total estimate: $29,929,913 Grant Funding: (*STP) $ 4,500,000 Net Total: $25,429,913 Schedule:Work towards this project is expected to begin within the next 5-10 years. Primary Contact: Plainfield Public Works Consultant:CMT Contractor:TBD Page 4 *Please Contact the Number Below with Any Further Questions* 11 Project Overview Plainfield-Naperville Rd. and 127th St. Intersection Improvements Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 Phone: (815) 436-3577 Description:This project will reconstruct the intersection at 127th street and Plainfield/Naperville road. Currently there is temporary traffic lighting at the intersection until IDOT has the funding to provide the permanent set. Benefits:This project will provide for more efficient traffic flow and improved safety for the traveling public. Project Costs: Project Total: $2,320,282 Grant Funding: (* Possible STP) $2,000,000 Net Total: $ 320,282 Schedule:Project is in engineering at about 60% complete. Pending cost sharing IGA’s with Bolingbrook and Will County Highway department could accelerate this project Primary Contact: Plainfield Public Works Consultant:Lochner Contractor:TBD Page 5 *Please Contact the Number Below with Any Further Questions* 12 Project Overview 143rd Street and US 30 Intersection Improvements Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 Phone: (815) 436-3577 Description:. This area sees a lot of commuter traffic due to trucks passing through to US 30 trying to avoid busier streets. This project will include the reconstruction of the roadway leading up to the intersection of US 30 and 143rd street with the installation of permanent traffic lighting in order to accommodate an increased traffic demand. Benefits:This project will noticeably improve traffic flow and existing intersection conditions. Project Costs: Project Total: $6,100,000 Grant Funding: (* possible STP) $2,000,000 Net Total: $4,100,000 Schedule:Work towards this project is expected to begin within the next 0-5 years. Primary Contact: Plainfield Public Works Consultant:HNTB Contractor:TBD Page 6 *Please Contact the Number Below with Any Further Questions* 13 Project Overview Renwick Road Reconstruction River Road to Spangler Farm subdivision Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 Phone: (815) 436-3577 Description:Renwick road west of River road had been reconstructed to allow for the construction of the new bridge. Due to this new bridge an increase in daily use is predicted for Renwick road, making the reconstruction and upgrading of Renwick from River road to Spangler Farm subdivision. Benefits:The reconstruction will allow for an expected increase in future traffic demand. Project Costs: Project Total: $3,500,000 Grant Funding: $1,497,600 Net Total: $2,002,400 Schedule:Engineering work towards this project is expected to begin within the next 0-5 years. Primary Contact: Plainfield Public Works Consultant:Baxter and Woodman Contractor:TBD Page 7 *Please Contact the Number Below with Any Further Questions* 14 Project Overview I-55 Interchange Study Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 Phone: (815) 436-3577 Description:This study will explore the need for an interchange at IL 126 and Lockport Street/Airport road to I-55 is. The purpose of this interchange would be to enable motorists and truck traffic to travel to the major commercial and industrial areas within the village without having to travel through the heavily congested downtown core. Benefits:This project will improve access to I-55, improve regional access to adjoining communities, and serve projected traffic demand. Project Costs: Construction: TBD Project Total: (engineering est./Plainfield’s share) $320,000 Grant Funding: TBD NetTotal: TBD Schedule:Work towards this project is expected to begin within the next 0-10 years. Primary Contact:Plainfield Public Works Consultant:V3/Upchurch Contractor:TBD Page 8 *Please Contact the Number Below with Any Further Questions* 15 Project Overview Lockport Street-Bypass Feasibility Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 (815) 436-3577 Description:This study identifies a connector road from 143rd street South to Lockport street. This bypass is intended to route traffic at the future Lockport/ Airport Road interchange Benefits:This project will enable motorists to access the major commercial and industrial areas in Plainfield without having to travel through the busy downtown core. Project Costs: Construction: TBD Project Total *engineering $200,000 Grant Funding: TBD NetTotal: TBD Schedule:Work towards this project is expected to begin within the next 0-10 years. Primary Contact: Plainfield Public Works Consultant:Strand Engineering Contractor:TBD Page 9 *Please Contact the Number Below with Any Further Questions* 16 Project Overview Downtown utility and street improvements—south of Lockport Street Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 (815) 436-3577 Description:This project upgrades the aging underground utilities and streets and pedestrian accomodations Benefits:This project will provide for more reliable utility service, vehicular and pedestrian movements and added parking. Project Costs: Project Total *estimate $5,200,000 Grant Funding: TBD NetTotal: TBD Schedule:Work towards this project is expected to begin within the next 1-2 years. Primary Contact: Plainfield Public Works Consultant:Baxter and Woodman Contractor:TBD Page 10 *Please Contact the Number Below with Any Further Questions* 17 Project Overview Indian Boundary Bridge project Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 (815) 436-3577 Description:This project replaces a substandard and deteriorating metal culvert type bridge with a more efficient concrete span bridge. Benefits:This project will provide for better vehicular and pedestrian movements and flood control. Project Costs: Project Total *estimate $1,400,000 Grant Funding: (IDOT 80/20) $1,100,000 Net Total: $ 300,000 Schedule:Work towards this project is expected to begin within the next 1-2 years. Primary Contact: Plainfield Public Works Consultant:Strand Engineering Contractor:TBD Page 11 *Please Contact the Number Below with Any Further Questions* 18 Project Overview PACE park-n-ride project Village of Plainfield Public Works Department Engineering Division 14400 Coil Plus Drive Plainfield, Illinois 60544 (815) 436-3577 Description:This project constructs a new PACE park-n-ride facility. Includes a 400-600 car parking lot and bus garage. Benefits:This project will provide for centralize commuter park-n-ride facility with parking accommodations and bus garage. Project Costs: Project Total *estimate $5,800,000 Grant Funding: (PACE reimbursement) $5,800,000 Net Total: $ 0 Schedule:Work towards this project is expected to begin within the next 1-2 years. Primary Contact: Plainfield Public Works Consultant:Baxter and Woodman Contractor:TBD Page 12 *Please Contact the Number Below with Any Further Questions* 19 20 21 22 Village of Plainfield Transportation PlanPage | 50HIGHPRIORITYROADWAYPROJECTS(0 TO5 YRS)TABLE5.2ProjectNumberAction Purpose ParticipantsPreliminaryEstimate of CostPossibleFunding SourcesCorrespondingBike/Ped ProjectNumber6Plainfield-Naperville Road & 127th StreetIntersection ImprovementsTo increase roadway capacity and toimprove intersection operationsPlainfield, Bolingbrook, Will County$3,140,000MFT, STP, HBP3, 510Reconstruct IL 126 & County Line Road Intersection, Add turn lanes and traffic signalsTo increase roadway capacity and toimprove intersection operationsKendall County, Plainfield $1,150,000 Kendall County, MFT, STP, HSIP11Traffic Signal Study at IL 126 & Meadow Lane (IDOT is Lead Agency)To improve intersection operationsPlainfield, IDOTBy IDOT1912Grade Separation²Phase 1 Study at 143rdStreet & CN Railroad CrossingTo reduce congestion due to increased railtrafficPlainfield, CN, ICC, FRA, IDOT$2,400,000 ICC, MFT, State, STP 3020Phase 2 Engineering Study, 143rd StreetExtension from IL 59 to IL 126To improve east-west regional accessthrough the region and to serve projectedtraffic demand.Plainfield$900,000MFT, STP22Construct new roadway between 143rd Street and135th Street (Drauden/Steiner/Heggs Connection)To improve north-south regional accessthrough the Village and to serve projectedtraffic demand.Plainfield $6,250,000 MFT, STP23Lockport Street- Bypass Feasibility Study To improve regional access through theVillage and to serve projected trafficdemand created by I-55 improvementsPlainfield$200,000MFT26WIKDADUKE Trail (Ridge Road)-Construct newroadway between Renwick Road and IL 126To improve north-south regional accessthrough the Village and to serve projectedtraffic demand.Kendall CountyBy County,$8,360,00032Reconstruct Renwick Road from River Road to IL59To upgrade roadway and serve projectedtraffic demandPlainfield, Plainfield Township$5,230,000MFT, STP, PlainfieldTownship10, 2633Conduct I-55 Interchange Study (I-55 at IL 126and I-55 at Lockport Street/Airport Road)To improve regional access to adjoiningcommunities and serve projected trafficdemandIDOT, FHWA, Bolingbrook, Romeoville, Plainfield$400,000MFT, State, STP35Resurface IL 126 from Wallin Drive to IL 59 To extend pavement service lifeIDOTBy State, $600,000State20, 21, 5339Widen and Reconstruct US 30 from IL 59 to I-55To upgrade roadway, increase capacity,and serve projected traffic demandIDOTBy State, $32,469,000State27, 4642IL 126 & Wallin Drive Intersection Improvements(traffic signals and pedestrian crossings)To improve traffic flow , pedestrian access,and intersection operationsPlainfield$450,000MFT8, 2043Reconstruct intersection & install permanenttraffic signals at 143rd Street & US 30 To improve traffic flow and intersectionoperationsPlainfield, IDOT$2,800,000MFT, State, STP744Phase 1 Engineering Study to reconstruct US 30from 119th Street to 143rd Street To upgrade roadway, increase capacity,and serve projected traffic demand Plainfield, IDOT$1,050,000MFT, STP2845Reconstruct 127thStreet from IL 59 to DuPageRiverTo upgrade roadway, increase capacity,and serve projected traffic demand Plainfield,Wheatland Township$5,630,000MFT, STP546Widen and Resurface 135th Street from Van Dyke Road to IL 59To upgrade roadway and reducecongestionPlainfield$4,530,000MFT, STP5247Reconstruct Renwick Road from IL 59 to US 30 to provide a 5 lane roadway section To upgrade roadway and serve projectedtraffic demand Plainfield$3,800,000MFT, STP, PlainfieldTownship27, 41Note: Project Number is for location reference only; it does not indicate priority ranking *See next page for Funding Legendth6Plainfield-Naperville Road & 127tStreetIntersection ImprovementsTo increase roadway capacityandtoPlainfield, Bolingbrook,improve intersection operations3,5MFT, STP, HBP$3,140,000CountyWil& Meadow LaneTo improve intersection operationsPlainfield, IDOTBy IDOT19(IDOT is Lead Agency)11Traffic Signal Studyat ILL 126 rd20Phase 2 Engineering Study, 143rStreetTo improveeast-westregional accessPlainfield$900,000MFT, STPExtensionfrom IL 59 to IL 126through the region and to serve projectedtrafficdemand.23LockportStreet-Bypass Feasibility StudyToimprove regional access through thePlainfield$200,000MFTVillage and toserve projected trafficdemand created by I-55 improvements26WIKDADUKE Trail (Ridge Road)-Construct newTo improve north-south regional accessKendall CountyBy County,yyroadway between Renwick Road and IL 126through theVillageand to serve projected$8,360,000trafficdemand.32Reconstruct Renwick Road from River Road to ILTo upgrade roadwayand serve projectedPlainfield,PlainfieldTownship$5,230,000MFT,STP,Plainfield10, 2659trafficdemandTownship33Conduct I-55 Interchange Study (I-55 at IL 126To improve regional access to adjoiningIDOT, FHWA,and I-55 atLockport Street/Airport Road)communities and serve projected trafficBolingbrook,demandRomeoville, Plainfield39Widen and Reconstruct US 30 from IL59 to I-55To upgrade roadway, increase capacity,IDOTByState,State27, 46and serve projected traffic demand$32,469,00042IL 126&Wallin Drive Intersection ImprovementsTo improve trafficflow,pedestrian access,Plainfield$450,000MFT8, 20(traffic signals and pedestrian crossings)andintersection operations43Reconstruct intersection & install permanentTo improve traffic flow andintersectionPlainfield, IDOT$2,800,000MFT, State, STP7rdtraffic signals at 143rStreet& US 30operations10Reconstruct IL 126&CountyLine RoadTo increase roadway capacityandtoKendallCounty, Plainfield$1,150,000KendallCounty, MFT,Intersection, Add turn lanes and traffic signalsimprove intersection operationsSTP,HSIPrd22Construct new roadwaybetween 143rStreet andTo improve north-south regionalth135tStreet (Drauden/Steiner/Heggs Connection)accessPlainfield$6,250,000MFT, STPthrough the Village and to serve projectedtrafficdemand.35Resurface IL 126from Wallin Drive to IL59To extend pavement service lifeIDOTByState,$600,000State20, 21, 53EngineeringBy OthersCompleteEngineeringCompleteCompleteEngineeringEngineeringConstructionConstructionCompleteEngineering23 Village of Plainfield Transportation PlanPage | 51MODERATEPRIORITYROADWAYPROJECTS(5 TO 10 YRS)TABLE5.3ProjectNumberAction Purpose ParticipantsPreliminaryEstimate of CostPossibleFunding Sources*CorrespondingBike/Ped ProjectNumber1 & 21Complete Phase 1 Engineering Study to construct 143rd Street Extension²County LineRoad to Steiner Road, S-Curve from Lockport Street/Schoolhouse Road to 143rdStreetTo improve east-west regional accessthrough the region and to serve projectedtraffic demand.Plainfield$1,420,000MFT3IL 59 & 119th Street Intersection Improvements(Widen pavement to add turn lanes & upgradetrafficsignals)To improve traffic flow Plainfield, IDOT $2,480,000 MFT, STP, TAP 254IL 59 & 135th Street Intersection Improvements(Widen pavement to add turn lanes & upgradetraffic signals)To improve traffic flowPlainfield, IDOT$2,480,000MFT, STP, TAP525IL 59 & 127th Street Intersection Improvements(Widen pavement to add turn lanes & upgradetraffic signals)To improve traffic flow Plainfield, IDOT $2,090,000 MFT, STP, TAP 227Main Street/James Street IntersectionRealignmentTo improve safetyPlainfield, IDOT$3,140,000MFT, STP, HSIP12Complete Phase 2 Engineering and Constructgrade-separated railroad crossing at 143rdStreet & CN RailroadTo reduce congestion due to increased railtrafficPlainfield, CN, ICC,FRA, IDOT$30,000,000 ICC, CN, MFT, State,Grade CrossingProtection Program, STP20Construct 143rdStreet Extension from IL 59 to IL 126To improve east-west regional accessthrough the region and to serve projectedtraffic demand.Plainfield$19,400,000MFT, STP44Phase 2 Engineering study to reconstruct US 30from 119th Street to 143rd Street To upgrade roadway, increase capacity,and serve projected traffic demandPlainfield, IDOT$1,050,000MFT, STP2848Widen asphalt shoulders on IL 126 from LockportStreet to IL 59To improve safety for bicyclistsPlainfield, IDOT$230,000State, MFT, STP53Note: Project Number is for location reference only; it does not indicate priority ranking*Project Funding LegendMFT = Motor Fuel Tax (State)Surface Transportation Program (Federal)TAP= Transportation Alternatives Program (Federal)ICC = Illinois Commerce Commission (State)CMAQ = Congestion, Mitigation, & Air Quality Improvement Program (Federal)HSIP = Highway Safety Improvement Program (Federal)HBP = Highway Bridge Program (Federal)CN = Canadian National (private)th3IL 59& 119tStreet IntersectionImprovementsTo improve trafficflowPlainfield, IDOT$2,480,000MFT,STP, TAP25(Widen pavement to add turn lanes &upgradetrafficsignals)rd20Construct 143rStreet Extensionfrom IL 59 to ILTo improveeast-westregional accessPlainfield$19,400,000MFT,STP126through the region and to serve projectedtrafficdemand.EngineeringConstruction24 25 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ŽƉƚŝŽŶƐďĂƐĞĚŽŶĐŽŵŵĞŶƚƐŵĂĚĞĂƚƚŚŝƐ ŵĞĞƚŝŶŐ͘ KŶ:ƵŶĞϮϮ͕ϮϬϭϲ͕ƚŚĞsŝůůĂŐĞƉĂƌƚŝĐŝƉĂƚĞĚŝŶĂE W;EĂƚŝŽŶĂů ŶǀŝƌŽŶŵĞŶƚĂůWŽůŝĐLJĐƚͿϰϬϰDĞƌŐĞƌDĞĞƚŝŶŐŝŶ ŚŝĐĂŐŽ͘ƚƚŚĞŵĞĞƚŝŶŐ͕ƚŚĞ^ƚĂƚĞĂŶĚ&ĞĚĞƌĂů ŶǀŝƌŽŶŵĞŶƚĂůŐĞŶĐŝĞƐǁĞƌĞƉƌŽǀŝĚĞĚĂŶƵƉĚĂƚĞƌĞŐĂƌĚŝŶŐƚǁŽ ĂůƚĞƌŶĂƚŝǀĞƐĨŽƌĂĨƵƚƵƌĞŝŶƚĞƌĐŚĂŶŐĞĂƚ/ͲϱϱĂŶĚ>ŽĐŬƉŽƌƚ^ƚƌĞĞƚĂŶĚƚŚƌĞĞĂůƚĞƌŶĂƚŝǀĞƐĨŽƌĂŶĞdžƉĂŶĚĞĚĨƵůů ŝŶƚĞƌĐŚĂŶŐĞĂƚ/ͲϱϱĂŶĚZŽƵƚĞϭϮϲ͘^ŽŵĞŽĨƚŚĞĂŐĞŶĐLJŵĞŵďĞƌƐĞdžƉƌĞƐƐĞĚĐŽŶĐĞƌŶƐƌĞůĂƚĞĚƚŽƚŚĞŶĞŐĂƚŝǀĞ ŝŵƉĂĐƚƚŚĂƚǁŝůůŽĐĐƵƌƚŽƚŚĞĞdžŝƐƚŝŶŐǁĞƚůĂŶĚƐŶĞĂƌZŽƵƚĞϭϮϲ͘sϯǁŝůůĂĚĚƌĞƐƐƚŚĞƐĞƋƵĞƐƚŝŽŶƐĂŶĚƉůĂŶƐƚŽ ƐĞĞŬĐŽŶĐƵƌƌĞŶĐĞĂƚƚŚĞŶĞdžƚE WŵĞĞƚŝŶŐ͘ ĐƚŝŽŶ/ƚĞŵ͗tŽƌŬĐůŽƐĞůLJǁŝƚŚ/KdƚŽƐƵƉƉŽƌƚƚŚĞĞdžƉĂŶƐŝŽŶŽĨƚŚĞĞdžŝƐƚŝŶŐZŽƵƚĞϯϬΘ/ͲϱϱƌĂŵƉƐ ĂŶĚƚŚĞƌĞĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚĞdžƉĂŶƐŝŽŶŽĨƚŚĞZŽƵƚĞϯϬƚƵƌŶůĂŶĞƐ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ dŚŝƐƉƌŽũĞĐƚŝƐƐƵďƐƚĂŶƚŝĂůůLJĐŽŵƉůĞƚĞ͘,ŽǁĞǀĞƌ͕ƚŚĞŶĞǁƚƌĂĨĨŝĐƐŝŐŶĂůƐǁŝůůŶŽƚďĞĨƵůůLJŝŶƚĞŐƌĂƚĞĚǁŝƚŚƚŚĞŽƚŚĞƌ ZŽƵƚĞϯϬƐŝŐŶĂůƐƵŶƚŝůƚŚĞƌĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨZŽƵƚĞϯϬ͕ŶŽƌƚŚŽĨƚŚĞŝŶƚĞƌĐŚĂŶŐĞ͕ŝƐĐŽŵƉůĞƚĞĚ͘dŚĞsŝůůĂŐĞǁŝůů ĐŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚ/KdƚŽŝŶƚĞŐƌĂƚĞďŽƚŚƉƌŽũĞĐƚƐĂŶĚƵůƚŝŵĂƚĞůLJƌĞĚƵĐĞƚƌĂĨĨŝĐĐŽŶŐĞƐƚŝŽŶŝŶƚŚŝƐĂƌĞĂ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚŝƐΨϮ͘ϲDŝŵƉƌŽǀĞŵĞŶƚƉƌŽũĞĐƚƐƚĂƌƚĞĚĚƵƌŝŶŐƚŚĞƐƵŵŵĞƌŽĨϮϬϭϰĂŶĚŝƚǁĂƐĐŽŵƉůĞƚĞĚ ŝŶƚŚĞĨĂůůŽĨϮϬϭϱ͘ 28 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϰ ĐƚŝŽŶ/ƚĞŵ͗tŽƌŬĐůŽƐĞůLJǁŝƚŚ/KdƚŽƐƵƉƉŽƌƚƚŚĞƵƚŝůŝƚLJƵƉŐƌĂĚĞƐ͕ƌĞĐŽŶƐƚƌƵĐƚŝŽŶ͕ĂŶĚĞdžƉĂŶƐŝŽŶ ŽĨZŽƵƚĞϯϬĨƌŽŵZŽƵƚĞϱϵƚŽ/Ͳϱϱ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ tŽƌŬĐůŽƐĞůLJǁŝƚŚ/KdĂŶĚ͟͞ŽŶƐƚƌƵĐƚŝŽŶƌĞŐĂƌĚŝŶŐƚŚĞƌĞƉůĂĐĞŵĞŶƚŽĨŽƵƚĚĂƚĞĚǁĂƚĞƌĂŶĚƐĂŶŝƚĂƌLJƐĞǁĞƌ ŵĂŝŶƐ͕ƐƚŽƌŵǁĂƚĞƌƵƉŐƌĂĚĞƐ͕ƌŽĂĚǁĂLJƌĞĐŽŶƐƚƌƵĐƚŝŽŶͬĞdžƉĂŶƐŝŽŶ͕ƚƌĂĨĨŝĐƐŝŐŶĂůƵƉŐƌĂĚĞƐ͕ĂŶĚƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨ ŶĞǁƉĞĚĞƐƚƌŝĂŶĂĐĐŽŵŵŽĚĂƚŝŽŶƐĂůŽŶŐZŽƵƚĞϯϬ͘ĐŚŝĞǀĞƉƌŽũĞĐƚĐŽŵƉůĞƚŝŽŶďLJƚŚĞƐƵŵŵĞƌŽĨϮϬϭϳ͘;WƌŽũĞĐƚ ηϯϵŽŶƚŚĞsŝůůĂŐĞdƌĂŶƐƉŽƌƚĂƚŝŽŶWůĂŶ,ŝŐŚWƌŝŽƌŝƚLJZŽĂĚǁĂLJWƌŽũĞĐƚƐůŝƐƚ͘Ϳ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ /ŶDĂƌĐŚϮϬϭϱ͕/KdĂǁĂƌĚĞĚĂΨϮϭDĐŽŶƚƌĂĐƚĨŽƌƚŚĞƌĞĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚĞdžƉĂŶƐŝŽŶŽĨZŽƵƚĞϯϬ͘ŶĞǁϱͲůĂŶĞ ƐĞĐƚŝŽŶǁŝůůďĞĐŽŶƐƚƌƵĐƚĞĚďĞƚǁĞĞŶ/ͲϱϱĂŶĚZĞŶǁŝĐŬZŽĂĚĂŶĚĂϯͲůĂŶĞƐĞĐƚŝŽŶǁŝůůďĞĐŽŶƐƚƌƵĐƚĞĚĨƌŽŵ ZĞŶǁŝĐŬZŽĂĚƚŽZŽƵƚĞϱϵ͘EĞǁƉĞĚĞƐƚƌŝĂŶǁĂůŬǁĂLJƐĂŶĚƚƌĂŶƐƉŽƌƚĂƚŝŽŶƐĂĨĞƚLJŝŵƉƌŽǀĞŵĞŶƚƐǁŝůůďĞƉƌŽǀŝĚĞĚ 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ĂĚĚƌĞƐƐĞĚ͘ ƵƌŝŶŐ ƚŚĞ ƐƵŵŵĞƌ ŽĨ ϮϬϭϱ͕ ͟͞ ŽŶƐƚƌƵĐƚŝŽŶ ǁŽƌŬĞĚ ĚŝůŝŐĞŶƚůLJ ŽŶ ƚŚŝƐ ƉƌŽũĞĐƚ͘ ůů ŽĨ ƚŚĞ ƵƚŝůŝƚLJ ƌĞůŽĐĂƚŝŽŶͬƌĞƉůĂĐĞŵĞŶƚǁŽƌŬŽŶƚŚĞŶŽƌƚŚĞŶĚŽĨƚŚĞƉƌŽũĞĐƚůŝŵŝƚƐŚĂƐďĞĞŶĐŽŵƉůĞƚĞĚ͘dŚŝƐǁŽƌŬŝŶĐůƵĚĞĚƚŚĞ ƌĞƉůĂĐĞŵĞŶƚ ŽĨ ƚŚĞ sŝůůĂŐĞ͛Ɛ ϭϬϬͲLJĞĂƌͲŽůĚ ǁĂƚĞƌ ĂŶĚ ƐĞǁĞƌ ŵĂŝŶƐ ǁŝƚŚŝŶ ƚŚĞ ƉƌŽũĞĐƚ ůŝŵŝƚƐ͘ dŚĞ ƌŽĂĚǁĂLJ͕ ďĞƚǁĞĞŶZŽƵƚĞϱϵĂŶĚZĞŶǁŝĐŬ͕ǁĂƐĐůŽƐĞĚŝŶ:ƵůLJĂŶĚĂůůŽĨƚŚĞŽůĚƉĂǀĞŵĞŶƚǁĂƐƌĞŵŽǀĞĚ͘dŚĞĐŽŶƚƌĂĐƚŽƌ ĐŽŵƉůĞƚĞĚƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨƚŚĞǁĂƚĞƌ͕ƐĂŶŝƚĂƌLJƐĞǁĞƌ͕ƐƚŽƌŵƐĞǁĞƌ͕ĂŶĚŶĞǁĐŽŶĐƌĞƚĞƉĂǀĞŵĞŶƚďĞƚǁĞĞŶ ZŽƵƚĞϱϵĂŶĚZĞŶǁŝĐŬZŽĂĚ͘dŚŝƐƐĞĐƚŝŽŶŽĨƌŽĂĚǁĂLJǁĂƐƌĞŽƉĞŶĞĚƚŽƚƌĂĨĨŝĐŝŶEŽǀĞŵďĞƌϮϬϭϱ͘ ƵƌŝŶŐƚŚĞƐƉƌŝŶŐͬƐƵŵŵĞƌŽĨϮϬϭϲ͕ƚŚĞǁĂƚĞƌĂŶĚƐĞǁĞƌŵĂŝŶƌĞƉůĂĐĞŵĞŶƚǁŽƌŬǁĂƐĐŽŵƉůĞƚĞĚǁŝƚŚŝŶƚŚĞ ƐŽƵƚŚŚĂůĨŽĨƚŚĞƉƌŽũĞĐƚůŝŵŝƚƐ͘dŚŝƐǁŽƌŬŝŶĐůƵĚĞĚƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨĂŶĞǁǁĂƚĞƌĂŶĚƐĂŶŝƚĂƌLJƐĞǁĞƌŵĂŝŶƚŚĂƚ ǁŝůůƉƌŽǀŝĚĞƐĞƌǀŝĐĞĂŶĚƐƵƉƉŽƌƚƚŚĞĨƵƚƵƌĞĚĞǀĞůŽƉŵĞŶƚŽĨƚŚĞŽƵůĞǀĂƌĚƉƌŽƉĞƌƚLJ͘ůůŽĨƚŚĞŶĞǁƐƚŽƌŵƐĞǁĞƌ ŵĂŝŶƐŚĂǀĞďĞĞŶŝŶƐƚĂůůĞĚ͘DŽƐƚŽĨƚŚĞĐŽŶĐƌĞƚĞƉĂǀĞŵĞŶƚŚĂƐďĞĞŶŝŶƐƚĂůůĞĚ͘ ĐƚŝŽŶ/ƚĞŵ͗>ŽĐŬƉŽƌƚ^ƚƌĞĞƚLJƉĂƐƐĞƐŝŐŶ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ^ƚƌĂŶĚ 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ĚĞƚĞƌŵŝŶĞĚ͕ƚŚĞ&ĞĚĞƌĂů,ŝŐŚǁĂLJĚŵŝŶŝƐƚƌĂƚŝŽŶ;&,tͿƌĞĐŽŐŶŝnjĞƐƚŚĂƚƚŚŝƐďLJƉĂƐƐŝƐĂŶŝŵƉŽƌƚĂŶƚƉĂƌƚŽĨƚŚĞ ƉƌŽƉŽƐĞĚŝŶƚĞƌĐŚĂŶŐĞĂƚ/Ͳϱϱ͘^ƚƌĂŶĚǁŝůůƉƌŽǀŝĚĞĂŶƵƉĚĂƚĞĨŽƌƚŚĞsŝůůĂŐĞŽĂƌĚĂŶĚƚŚĞƉƵďůŝĐŝŶůĂƚĞϮϬϭϱ͘ KŶ:ƵŶĞϮϮ͕ϮϬϭϱ͕^ƚƌĂŶĚ ŶŐŝŶĞĞƌŝŶŐƉƌŽǀŝĚĞĚĂƉƌĞƐĞŶƚĂƚŝŽŶƚŽƚŚĞsŝůůĂŐĞŽĂƌĚƌĞŐĂƌĚŝŶŐƚŚĞƉŽƐƐŝďůĞ ŽƉƚŝŽŶƐĨŽƌƚŚĞďLJƉĂƐƐ͘ƚƚŚŝƐŵĞĞƚŝŶŐ͕ƚŚĞŽĂƌĚĞdžƉƌĞƐƐĞĚŐĞŶĞƌĂůƐƵƉƉŽƌƚĨŽƌKƉƚŝŽŶϭ͘dŚŝƐƌĞƉŽƌƚŚĂƐ ďĞĞŶĨŝŶĂůŝnjĞĚĂŶĚƚŚĞĨŝŶĚŝŶŐƐŚĂǀĞďĞĞŶƉƌŽǀŝĚĞĚƚŽsͲϯĂŶĚƚŚĞLJǁŝůůŝŶĐŽƌƉŽƌĂƚĞƚŚŝƐĚĞƐŝŐŶŽƉƚŝŽŶŝŶƚŽƚŚĞ ƉƌŽƉŽƐĞĚ/ͲϱϱŝŶƚĞƌĐŚĂŶŐĞĞdžƉĂŶƐŝŽŶƉůĂŶƐ͘ ĐƚŝŽŶ/ƚĞŵ͗ϭϮϳƚŚ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶĨƌŽŵ,ĞŐŐƐZŽĂĚƚŽZŽƵƚĞϯϬ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ŽŵƉůĞƚĞ ƚŚĞ ĨŝŶĂů ĚĞƐŝŐŶ ǁŽƌŬ ĨŽƌ ƚŚĞ ƌĞĐŽŶƐƚƌƵĐƚŝŽŶ ŽĨ ƚŚŝƐ ƌŽĂĚǁĂLJ͘ ZĞĐĞŝǀĞ Ăůů ƌĞƋƵŝƌĞĚ ƉĞƌŵŝƚƐ ĂŶĚ ĂƉƉƌŽǀĂůƐĨƌŽŵŽƵƚƐŝĚĞĂŐĞŶĐŝĞƐ͘tŽƌŬĐůŽƐĞůLJǁŝƚŚƚŚĞŽƚŚĞƌƵƚŝůŝƚLJĐŽŵƉĂŶŝĞƐƚŽŝŶƐƵƌĞƚŚĞƉƌŽƉĞƌƌĞůŽĐĂƚŝŽŶ ŽĨƵƚŝůŝƚLJůŝŶĞƐƚŚĂƚǁŝůůďĞŝŶĐŽŶĨůŝĐƚǁŝƚŚƉƌŽƉŽƐĞĚƌŽĂĚǁĂLJŝŵƉƌŽǀĞŵĞŶƚƐ͘^ĞĞŬďŝĚƐĨŽƌĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚ ĂǁĂƌĚĂĐŽŶƚƌĂĐƚĨŽƌƚŚŝƐƉƌŽũĞĐƚ͘ĐŚŝĞǀĞƐƵďƐƚĂŶƚŝĂůĐŽŵƉůĞƚŝŽŶŽĨƚŚŝƐƉƌŽũĞĐƚďLJƚŚĞƐƵŵŵĞƌŽĨϮϬϭϳĂŶĚ ĨŝŶĂůĐŽŵƉůĞƚŝŽŶďLJƚŚĞĞŶĚŽĨϮϬϭϳ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚŝƐƐĞĐƚŝŽŶŽĨƌŽĂĚǁĂLJŝƐĂŶŽůĚƌƵƌĂůĐƌŽƐƐƐĞĐƚŝŽŶǁŝƚŚĚĞĞƉĚŝƚĐŚĞƐĨŽƌĚƌĂŝŶĂŐĞĂŶĚŝƚŚĂƐĂŶŽƵƚĚĂƚĞĚƐƚŽƌŵ ƐĞǁĞƌƐƚƌƵĐƚƵƌĞƚŚĂƚĐŽŶǀĞLJƐǁĂƚĞƌƚŚĂƚƚƌĂǀĞůƐĂůŽŶŐƚŚĞEŽƌŵĂŶƌĂŝŶ͘dŚŝƐƐĞĐƚŝŽŶĂůƐŽůĂĐŬƐƐƚƌĞĞƚůŝŐŚƚƐĂŶĚ ƉĞĚĞƐƚƌŝĂŶǁĂůŬǁĂLJƐ͘ /ŶDĂƌĐŚϮϬϭϱ͕ƚŚĞsŝůůĂŐĞŽĂƌĚĚŝƌĞĐƚĞĚĂdžƚĞƌΘtŽŽĚŵĂŶƚŽƐƚĂƌƚƚŚĞWŚĂƐĞϭĂŶĚWŚĂƐĞϮ ŶŐŝŶĞĞƌŝŶŐ ĞƐŝŐŶǁŽƌŬĨŽƌƚŚŝƐƉƌŽũĞĐƚ͘dŚĞƉƌŽƉŽƐĞĚŝŵƉƌŽǀĞŵĞŶƚƐǁŝůůŝŶĐůƵĚĞĂŶĞǁďƌŝĚŐĞŽǀĞƌƚŚĞEŽƌŵĂŶƌĂŝŶ͕ ƐƚŽƌŵƐĞǁĞƌŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚĐŚĂŶŐĞƐƚŽƚŚĞĚŝƚĐŚĞůĞǀĂƚŝŽŶƐ͕ĂŶĞdžƉĂŶĚĞĚƌŽĂĚǁĂLJǁŝƚŚĐƵƌďĂŶĚŐƵƚƚĞƌ͕ ƐƚƌĞĞƚůŝŐŚƚƐ͕ĂŶĚƉĞĚĞƐƚƌŝĂŶǁĂůŬǁĂLJƐ͘dŚĞsŝůůĂŐĞǁĂƐƐƵĐĐĞƐƐĨƵůŝŶŽďƚĂŝŶŝŶŐĂƉƉƌŽǀĂůĨŽƌĂΨϮD^dW'ƌĂŶƚĨŽƌ ƚŚĞƌĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚŝƐƌŽĂĚǁĂLJ͘ dŚĞsŝůůĂŐĞŚĂƐƉĂƌƚŝĐŝƉĂƚĞĚŝŶƐĞǀĞƌĂůĚĞƐŝŐŶƉƌŽŐƌĞƐƐŵĞĞƚŝŶŐƐǁŝƚŚĂdžƚĞƌĂŶĚtŽŽĚŵĂŶ͘KŶDĂLJϭϮ͕ϮϬϭϱ͕ ƚŚĞsŝůůĂŐĞƉƌĞƐĞŶƚĞĚƚŚŝƐƉƌŽũĞĐƚƚŽƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐŽĨƚŚĞ&ĞĚĞƌĂů,ŝŐŚǁĂLJĚŵŝŶŝƐƚƌĂƚŝŽŶĂŶĚ/Kd͘ŽƚŚ ŽƌŐĂŶŝnjĂƚŝŽŶƐĞdžƉƌĞƐƐĞĚƐƵƉƉŽƌƚĨŽƌƚŚĞƉƌŽũĞĐƚĂŶĚĐŽŶĐƵƌƌĞŶĐĞƌĞŐĂƌĚŝŶŐƚŚĞΨϮD&ĞĚĞƌĂů'ƌĂŶƚ͘ KŶEŽǀĞŵďĞƌϭϴ͕ϮϬϭϱ͕ƚŚĞsŝůůĂŐĞŚĞůĚĂƉƵďůŝĐŵĞĞƚŝŶŐƚŽƐŽůŝĐŝƚĨĞĞĚďĂĐŬĨƌŽŵƌĞƐŝĚĞŶƚƐƌĞŐĂƌĚŝŶŐƚŚŝƐ ƉƌŽũĞĐƚ͘tĞĂƌĞƉůĞĂƐĞĚƚŚĂƚŵŽƐƚŽĨƚŚĞĐŽŵŵĞŶƚƐĞdžƉƌĞƐƐĞĚƐƵƉƉŽƌƚĨŽƌƚŚĞƉƌŽũĞĐƚ͖ǁĞĂůƐŽĂĚĚƌĞƐƐĞĚƚŚĞ ƐƵŐŐĞƐƚŝŽŶƐĂŶĚĐŽŶĐĞƌŶƐĨŽƌǁĂƌĚĞĚďLJŽƵƌƌĞƐŝĚĞŶƚƐ͘ůůŽĨƚŚĞĐŽŵŵĞŶƚƐǁĞƌĞĨŽƌǁĂƌĚĞĚƚŽ/KdĂŶĚƚŚĞ &ĞĚĞƌĂů,ŝŐŚǁĂLJĚŵŝŶŝƐƚƌĂƚŝŽŶ͘30 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϲ KŶ&ĞďƌƵĂƌLJϭ͕ϮϬϭϲ͕ƚŚĞsŝůůĂŐĞƉĂƌƚŝĐŝƉĂƚĞĚŝŶĂƉƌŽũĞĐƚƵƉĚĂƚĞŵĞĞƚŝŶŐǁŝƚŚ/KdĂŶĚƚŚĞ&ĞĚĞƌĂů,ŝŐŚǁĂLJ ĚŵŝŶŝƐƚƌĂƚŝŽŶ͘ŽƚŚĂŐĞŶĐŝĞƐĞdžƉƌĞƐƐĞĚĐŽŶƚŝŶƵĞĚƐƵƉƉŽƌƚĨŽƌƚŚŝƐƉƌŽũĞĐƚ͘ KŶ:ƵůLJϮϵ͕ϮϬϭϲ͕/KdĨĂĐŝůŝƚĂƚĞĚĂďŝĚŽƉĞŶŝŶŐĨŽƌƚŚĞsŝůůĂŐĞĂŶĚĞŝŐŚƚĐŽŶƚƌĂĐƚŽƌƐƐƵďŵŝƚƚĞĚƉƌŽƉŽƐĂůƐĨŽƌ ƚŚĞƌĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨϭϮϳƚŚ^ƚƌĞĞƚ͘dŚĞůŽǁďŝĚĚĞƌ͕ŽŶƐƚƌƵĐƚŝŽŶ͕ƐƵďŵŝƚƚĞĚĂƚŽƚĂůďŝĚƉƌŝĐĞŽĨΨϮ͕ϲϳϯ͕Ϭϳϯ͘ϭϯ ĨŽƌƚŚĞƉƌŽũĞĐƚ͘KŶĐĞƚŚĞΨϮD&ĞĚĞƌĂů'ƌĂŶƚŝƐƵƚŝůŝnjĞĚ͕ƚŚĞsŝůůĂŐĞ͛ƐƐŚĂƌĞŽĨƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶĐŽƐƚƐǁŝůůďĞ Ψϲϳϯ<͘ ĐƚŝŽŶ/ƚĞŵ͗ϭϭϵƚŚ^ƚƌĞĞƚͬZŽƵƚĞϯϬͲEĞǁdƌĂĨĨŝĐ^ŝŐŶĂů/ŶƐƚĂůůĂƚŝŽŶ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ tŽƌŬĐůŽƐĞůLJǁŝƚŚ/KdƚŽŚĞůƉĨĂĐŝůŝƚĂƚĞƚŚĞƌĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶ͕ŝŶƐƚĂůůĂƚŝŽŶŽĨŶĞǁƚƵƌŶůĂŶĞƐ͕ ĂŶĚƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨĂŶĞǁƚƌĂĨĨŝĐƐŝŐŶĂůĂƚƚŚŝƐůŽĐĂƚŝŽŶ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ /ŶϮϬϭϰ͕/KdŚŽƐƚĞĚĂŵĞĞƚŝŶŐǁŝƚŚƚŚĞsŝůůĂŐĞǁŚĞƌĞƚŚĞLJƉƌŽǀŝĚĞĚƉůĂŶƐĨŽƌƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨŶĞǁƚƵƌŶůĂŶĞƐ ĂŶĚ Ă ƚƌĂĨĨŝĐ ƐŝŐŶĂů Ăƚ ϭϭϵ ƚŚ^ƚƌĞĞƚĂŶĚZŽƵƚĞϯϬ͘/KdĞdžƉƌĞƐƐĞĚƚŚĂƚƚŚŝƐŝŶƚĞƌƐĞĐƚŝŽŶŝƐŝŶ ŶĞĞĚ ŽĨ ŝŵƉƌŽǀĞŵĞŶƚĂƐƐĞǀĞƌĂůƚƌĂĨĨŝĐĂĐĐŝĚĞŶƚƐŚĂǀĞŽĐĐƵƌƌĞĚĂƚƚŚŝƐůŽĐĂƚŝŽŶ͘/ƚǁĂƐĐŽŶǀĞLJĞĚƚŚĂƚĨĞĚĞƌĂůĨƵŶĚŝŶŐ ǁŝůů ďĞ ƵƚŝůŝnjĞĚ ƚŽ ĐŽŵƉůĞƚĞ ƚŚŝƐ ƉƌŽũĞĐƚ ĂŶĚ ƚŚĂƚ /Kd ŝƐ ƐĞĞŬŝŶŐ ŐĞŶĞƌĂů ƐƵƉƉŽƌƚ ĨƌŽŵ Ăůů ůŽĐĂů ĂŐĞŶĐŝĞƐ ƌĞŐĂƌĚŝŶŐ ƚŚŝƐ ŝŵƉƌŽǀĞŵĞŶƚ͘ dŚĞsŝůůĂŐĞ ƐƵƉƉŽƌƚƐ ƚŚŝƐ ƉƌŽũĞĐƚ ĂƐ ŝƚ ƉƌŽǀŝĚĞƐ Ă ŶĞĞĚĞĚ ƚƌĂĨĨŝĐ ƐĂĨĞƚLJ ŝŵƉƌŽǀĞŵĞŶƚ͘ KŶEŽǀĞŵďĞƌϮ͕ϮϬϭϱ͕ƚŚĞsŝůůĂŐĞŽĂƌĚĂƵƚŚŽƌŝnjĞĚƚŚĞĨƵŶĚŝŶŐŽĨƚŚĞ ŵĞƌŐĞŶĐLJsĞŚŝĐůĞWƌĞĞŵƉƚŝŽŶ; sWͿ ĞƋƵŝƉŵĞŶƚĨŽƌƚŚŝƐƚƌĂĨĨŝĐƐŝŐŶĂů͘dŚŝƐĞƋƵŝƉŵĞŶƚǁŝůůĂůůŽǁWŽůŝĐĞĂŶĚ&ŝƌĞĞƉĂƌƚŵĞŶƚWĞƌƐŽŶŶĞůƚŽĐŽŶƚƌŽůƚŚĞ ƐŝŐŶĂůĚƵƌŝŶŐĂŶĞŵĞƌŐĞŶĐLJ͘ /Ŷ ϮϬϭϲ͕ /Kd ĐŽŵƉůĞƚĞĚ ƌĞƋƵŝƌĞĚ ƉƌŽƉĞƌƚLJ ĂĐƋƵŝƐŝƚŝŽŶ ĂŶĚ ĨŝŶĂůĚĞƐŝŐŶĚƌĂǁŝŶŐƐ͘dŚŝƐŝŵƉƌŽǀĞŵĞŶƚŝƐ ƐĐŚĞĚƵůĞĚƚŽďĞďŝĚŝŶϮϬϭϲĂŶĚƚŽďĞĐŽŵƉůĞƚĞĚďLJƚŚĞĞŶĚŽĨϮϬϭϳ͘ ĐƚŝŽŶ/ƚĞŵ͗DĞĂĚŽǁ>ĂŶĞͬZŽƵƚĞϭϮϲdƌĂĨĨŝĐ^ŝŐŶĂů/ŶƐƚĂůůĂƚŝŽŶ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ dŚĞĨŝŶĂůůĂŶĚƐĐĂƉŝŶŐǁŝůůďĞĐŽŵƉůĞƚĞĚŝŶƚŚĞĨĂůůŽĨϮϬϭϲ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ /KdŚĂƐďĞĞŶǁŽƌŬŝŶŐŽŶƚŚĞĚĞƐŝŐŶƉůĂŶƐĨŽƌĂƚƌĂĨĨŝĐƐŝŐŶĂůĂƚDĞĂĚŽǁ>ĂŶĞĂŶĚZŽƵƚĞϭϮϲŽǀĞƌƚŚĞƉĂƐƚƚǁŽ LJĞĂƌƐ͘dŚŝƐŝƐĂŶŝŵƉŽƌƚĂŶƚƉƌŽũĞĐƚďĞĐĂƵƐĞ>ŝŶĐŽůŶ ůĞŵĞŶƚĂƌLJ^ĐŚŽŽůŝƐũƵƐƚŶŽƌƚŚŽĨƚŚŝƐŝŶƚĞƌƐĞĐƚŝŽŶĂŶĚǁŚĞŶ ĐŽŵƉůĞƚĞƚŚĞƐŝŐŶĂůŝƐĞdžƉĞĐƚĞĚƚŽŝŵƉƌŽǀĞƚƌĂĨĨŝĐĂŶĚƉĞĚĞƐƚƌŝĂŶƐĂĨĞƚLJ͘/ŶϮϬϭϰ͕ƚŚĞsŝůůĂŐĞĞŶƚĞƌĞĚŝŶƚŽĂ ĨƵŶĚŝŶŐ ĂŐƌĞĞŵĞŶƚ ǁŚĞƌĞďLJ /Kd ĂŶĚ ƚŚĞ &ĞĚĞƌĂů 'ŽǀĞƌŶŵĞŶƚ ǁŝůůĐŽůůĞĐƚŝǀĞůLJ ĨƵŶĚ ŽǀĞƌ ϵϬШ ŽĨ ƚŚĞ ĐŽŶƐƚƌƵĐƚŝŽŶĐŽƐƚƐ͘dŚŝƐƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞĐŽŵƉůĞƚĞĚďLJϮϬϭϲ͘ 31 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϳ /Ŷ:ƵůLJŽĨϮϬϭϱ͕/KdĂǁĂƌĚĞĚĂďŝĚĨŽƌƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨŶĞǁƚƌĂĨĨŝĐƐŝŐŶĂůƐĂƚƚŚŝƐŝŶƚĞƌƐĞĐƚŝŽŶ͘^ŚŽƌƚůLJĂĨƚĞƌ ƚŚŝƐƉƌŽũĞĐƚǁĂƐĂƵƚŚŽƌŝnjĞĚ͕ƚŚĞŽůĚĐƵƌďůŝŶĞĂŶĚƐƚŽƌŵƐĞǁĞƌƐƚƌƵĐƚƵƌĞƐǁĞƌĞƌĞƉůĂĐĞĚ͘ĚĚŝƚŝŽŶĂůůLJ͕ŶĞǁ ĐŽŵƉůŝĂŶƚƐŝĚĞǁĂůŬƐ͕> ƐŝŐŶĂůƐ͕ĂŶĚĂŶĞǁĨŝďĞƌͲŽƉƚŝĐĐĂďůĞŚĂǀĞďĞĞŶŝŶƐƚĂůůĞĚďĞƚǁĞĞŶDĞĂĚŽǁĂŶĚtĂůůŝŶ ƌŝǀĞ͘ dŚĞ ƐŝŐŶĂůƐ ŚĂǀĞ ďĞĞŶ ƐLJŶĐŚƌŽŶŝnjĞĚ ǁŝƚŚ ƚŚĞ ŽƚŚĞƌ ƐŝŐŶĂůƐ ĂůŽŶŐ 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ĂŶĚƐƚƌĞĞƚůŝŐŚƚƐǁĞƌĞĂůƐŽĚŝƐĐƵƐƐĞĚ͘ŽƚŚ ĂŐĞŶĐŝĞƐŚĂǀĞĞdžƉƌĞƐƐĞĚƐƵƉƉŽƌƚĨŽƌƚŚĞƉƌŽũĞĐƚ͘dŚĞsŝůůĂŐĞǁĂƐĂůƐŽƐƵĐĐĞƐƐĨƵůŝŶŽďƚĂŝŶŝŶŐĂƉƉƌŽǀĂůŽĨĂ Ψϭ͘ϳD^dW'ƌĂŶƚƚŽďĞƵƚŝůŝnjĞĚĨŽƌƚŚĞĨƵƚƵƌĞƌĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚŝƐƌŽĂĚǁĂLJ͘ WƌŽŐƌĞƐƐŚĂƐďĞĞŶŵĂĚĞƌĞŐĂƌĚŝŶŐƚŚŝƐƉƌŽũĞĐƚĂŶĚƚŚĞĚĞƐŝŐŶǁŽƌŬŝƐŽŶƐĐŚĞĚƵůĞ͘,ŽǁĞǀĞƌ͕ĐŽŶƐƚƌƵĐƚŝŽŶǁŝůů ŶŽƚďĞŐŝŶĂůŽŶŐZĞŶǁŝĐŬƵŶƚŝůƚŚĞZŽƵƚĞϯϬƌĞĐŽŶƐƚƌƵĐƚŝŽŶƉƌŽũĞĐƚŝƐĐŽŵƉůĞƚĞĚ͘ /ŶϮϬϭϲ͕ƚŚĞsŝůůĂŐĞĨĂĐŝůŝƚĂƚĞĚƐĞǀĞƌĂůŵĞĞƚŝŶŐƐǁŝƚŚƚŚĞWůĂŝŶĨŝĞůĚWĂƌŬŝƐƚƌŝĐƚĂŶĚƚŚĞWůĂŝŶĨŝĞůĚdŽǁŶƐŚŝƉ ,ŝŐŚǁĂLJŽŵŵŝƐƐŝŽŶĞƌǁŚĞƌĞǁĞĞdžĐŚĂŶŐĞĚŝĚĞĂƐƌĞŐĂƌĚŝŶŐƚŚĞĚĞƐŝŐŶŽĨƚŚĞƌŽĂĚǁĂLJĂŶĚŚŽǁƚŽŝŵƉƌŽǀĞ ƉĞĚĞƐƚƌŝĂŶĂĐĐĞƐƐĂůŽŶŐƚŚŝƐĐŽƌƌŝĚŽƌ͘ ĐƚŝŽŶ/ƚĞŵ͗WůĂŝŶĨŝĞůĚͲEĂƉĞƌǀŝůůĞZŽĂĚͬZŽƵƚĞϱϵ/ŶƚĞƌƐĞĐƚŝŽŶ/ŵƉƌŽǀĞŵĞŶƚƐ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ZĞƋƵĞƐƚƚŚĂƚ/Kd͞ƌĞĨƌĞƐŚ͟ƚŚĞƉĂǀĞŵĞŶƚŵĂƌŬŝŶŐƐǁŝƚŚŝŶƚŚŝƐŝŶƚĞƌƐĞĐƚŝŽŶĂŶĚŝŶƐƚĂůůĂĚĚŝƚŝŽŶĂůƐŝŐŶĂŐĞĂƐ ŶĞĞĚĞĚ͘ZĞƋƵĞƐƚƚŚĂƚ/KdĞǀĂůƵĂƚĞͬƐƚƵĚLJƚŚĞŽƉĞƌĂƚŝŽŶŽĨƚŚŝƐŝŶƚĞƌƐĞĐƚŝŽŶĂŶĚƉƌŽǀŝĚĞƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐ ƚŚĂƚŝŵƉƌŽǀĞŽƉĞƌĂƚŝŽŶƐ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ 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WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ /ŶĞĐĞŵďĞƌϮϬϭϰ͕/KdƉƌŽǀŝĚĞĚĂůĞƚƚĞƌŝŶĚŝĐĂƚŝŶŐƚŚĂƚƚŚĞWŚĂƐĞϭĞƐŝŐŶZĞƉŽƌƚŚĂƐďĞĞŶĂƉƉƌŽǀĞĚ͘dŚŝƐ ůĞƚƚĞƌĂůƐŽŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚĞsŝůůĂŐĞǁŝůůŶĞĞĚƚŽƌĞĐĞŝǀĞĂĨŽƌŵĂůĐŽŵŵŝƚŵĞŶƚĨƌŽŵŽŵ ĚĚƵƌŝŶŐƚŚĞWŚĂƐĞϮ ĞƐŝŐŶƉƌŽĐĞƐƐ͘^ƚĂĨĨǁŝůůďĞŐŝŶǁŽƌŬŝŶŐǁŝƚŚ/Kd͛ƐƵƌĞĂƵŽĨ>ĂŶĚĐƋƵŝƐŝƚŝŽŶŝŶϮϬϭϱ͘^ƚĂĨĨŵĞƚǁŝƚŚŽŵ Ě ƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐŝŶ&ĞďƌƵĂƌLJϮϬϭϱĂŶĚĚŝƐĐƵƐƐĞĚƚŚĞƌŽĂĚǁĂLJĚĞƐŝŐŶĂŶĚŚŽǁƚŚŝƐŝŵƉƌŽǀĞŵĞŶƚĐŽƵůĚĐŽĞdžŝƐƚ ǁŝƚŚĐƵƌƌĞŶƚĂŶĚĨƵƚƵƌĞƚƌĂŶƐŵŝƐƐŝŽŶůŝŶĞƐ͘ĨŽůůŽǁͲƵƉŵĞĞƚŝŶŐŝƐƐĐŚĞĚƵůĞĚƚŽŽĐĐƵƌŝŶƚŚĞƐƵŵŵĞƌŽĨϮϬϭϱ͘ KŶ:ƵůLJϮϬ͕ϮϬϭϱ͕ƚŚĞsŝůůĂŐĞŽĂƌĚĂƉƉƌŽǀĞĚĂWŚĂƐĞϮĞŶŐŝŶĞĞƌŝŶŐĚĞƐŝŐŶĐŽŶƚƌĂĐƚǁŝƚŚƌĂǁĨŽƌĚ͕DƵƌƉŚLJΘ dŝůůLJ͕/ŶĐ͘;DdͿ͘ƐƉĂƌƚŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͕ƚŚĞĨŝŶĂůĚĞƐŝŐŶƉůĂŶƐĂŶĚďŝĚĚŝŶŐĚŽĐƵŵĞŶƚƐǁŝůůďĞĐŽŵƉůĞƚĞĚ͘ KŶ&ĞďƌƵĂƌLJϭ͕ϮϬϭϲ͕ƚŚĞsŝůůĂŐĞŽĂƌĚĂƉƉƌŽǀĞĚĂƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐĂŐƌĞĞŵĞŶƚǁŝƚŚŚĂŵďĞƌƐ͕ŽŶůŽŶΘ ,ĂƌƚǁĞůů͕>>ŝŶĂŶĞĨĨŽƌƚƚŽŚĞůƉƚŚĞsŝůůĂŐĞŶĂǀŝŐĂƚĞƚŚĞŶĞǁ&ĞĚĞƌĂůdƌĂŶƐƉŽƌƚĂƚŝŽŶŝůůĂŶĚĂƐƐĞŵďůĞĂd/' Z ŐƌĂŶƚĂƉƉůŝĐĂƚŝŽŶĨŽƌƚŚŝƐƉƌŽũĞĐƚ͘Θ,ŚĂƐƉƌŽǀŝĚĞĚƵƉĚĂƚĞƐŽŶĂǁĞĞŬůLJďĂƐŝƐĂŶĚDdǁŝůůƉƌŽǀŝĚĞƚĞĐŚŶŝĐĂů ƐƵƉƉŽƌƚĚƵƌŝŶŐƚŚĞŐƌĂŶƚĂƉƉůŝĐĂƚŝŽŶƉƌŽĐĞƐƐ͘ /ŶƉƌŝůϮϬϭϲ͕ƚŚĞsŝůůĂŐĞƐƵďŵŝƚƚĞĚĨŽƌŵĂůĂƉƉůŝĐĂƚŝŽŶƐƚŽƚŚĞh͘^͘ĞƉĂƌƚŵĞŶƚŽĨdƌĂŶƐƉŽƌƚĂƚŝŽŶĨŽƌŐƌĂŶƚ ĨƵŶĚŝŶŐ ƵŶĚĞƌ ƚŚĞ dƌĂŶƐƉŽƌƚĂƚŝŽŶ /ŶǀĞƐƚŵĞŶƚ 'ĞŶĞƌĂƚŝŶŐ ĐŽŶŽŵŝĐZĞĐŽǀĞƌLJ;d/' ZͿWƌŽŐƌĂŵĂŶĚƚŚĞ &ŽƐƚĞƌŝŶŐĚǀĂŶĐĞŵĞŶƚƐŝŶ^ŚŝƉƉŝŶŐĂŶĚdƌĂŶƐƉŽƌƚĂƚŝŽŶĨŽƌ>ŽŶŐͲdĞƌŵĚǀĂŶĐĞŵĞŶƚŽĨEĂƚŝŽŶĂů ĨĨŝĐŝĞŶĐŝĞƐ ;&^d>E ͿWƌŽŐƌĂŵ͘dŚĞsŝůůĂŐĞǁĂƐĂďůĞƚŽŐĂƌŶĞƌƐĞǀĞƌĂůůĞƚƚĞƌƐŽĨƐƵƉƉŽƌƚĨŽƌƚŚŝƐƉƌŽũĞĐƚ͘tŚŝůĞǁĞǁĞƌĞ ƌĞĐĞŶƚůLJŶŽƚŝĨŝĞĚƚŚĂƚŽƵƌƌĞƋƵĞƐƚƐǁĞƌĞŶŽƚĂƉƉƌŽǀĞĚ͕ǁĞǁŝůůƵƉĚĂƚĞŽƵƌĂƉƉůŝĐĂƚŝŽŶƐĂŶĚƌĞƐƵďŵŝƚŝŶƚŚĞŶĞdžƚ ĨƵŶĚŝŶŐĐLJĐůĞͬĐĂůůĨŽƌƉƌŽũĞĐƚƐ͘ ĐƚŝŽŶ/ƚĞŵ͗ĂŶĂĚŝĂŶEĂƚŝŽŶĂů;EͿZĂŝůǁĂLJͲZĞĚƵĐĞdƌĂĨĨŝĐŽŶŐĞƐƚŝŽŶĂŶĚ/ŵƉƌŽǀĞ^ĂĨĞƚLJ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ŽŶƚŝŶƵĞƚŽĐŽŵŵƵŶŝĐĂƚĞŽƵƌĐŽŶĐĞƌŶƐƚŽEĂƐƚŽŚŽǁƌĂŝůǁĂLJŵŽǀĞŵĞŶƚŝŵƉĂĐƚƐǀĞŚŝĐƵůĂƌĐŽŶŐĞƐƚŝŽŶ͘ ĞǀĞůŽƉ Ă ůŽŶŐͲƚĞƌŵ ƉůĂŶ ĨŽƌ ƚŚĞ ĨƵŶĚŝŶŐ ĂŶĚ ĐŽŶƐƚƌƵĐƚŝŽŶ ŽĨ ŶĞǁ ŐƌĂĚĞ ƐĞƉĂƌĂƚĞĚ ĐƌŽƐƐŝŶŐƐ ǁŝƚŚŝŶ ŽƵƌ ĐŽŵŵƵŶŝƚLJ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚĞsŝůůĂŐĞŽĂƌĚŚĂƐƉƵďůŝĐůLJĞdžƉƌĞƐƐĞĚĐŽŶĐĞƌŶƐƌĞŐĂƌĚŝŶŐƚŚĞŝŶĐƌĞĂƐĞĚŶƵŵďĞƌŽĨƚƌĂŝŶƐ͕ůĞŶŐƚŚŽĨƚŝŵĞƚŚĂƚ ƚƌĂŝŶƐĂƌĞƐƚŽƉƉĞĚƚŚƵƐďůŽĐŬŝŶŐƌŽĂĚǁĂLJĐƌŽƐƐŝŶŐƐ͕ƚŚĞůŽĐĂƚŝŽŶŽĨƉĂƌŬĞĚƚƌĂŝŶƐ͕ĂŶĚƐĂĨĞƚLJŽĨƚƌĂŝŶŽƉĞƌĂƚŝŽŶƐ͘33 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϵ ^ƚĂĨĨĨĂĐŝůŝƚĂƚĞĚĂŵĞĞƚŝŶŐǁŝƚŚEƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐŝŶĞĐĞŵďĞƌϮϬϭϰĂŶĚĂŐĂŝŶŝŶƉƌŝůϮϬϭϱƌĞŐĂƌĚŝŶŐƚŚĞ sŝůůĂŐĞŽĂƌĚ͛ƐĐŽŶĐĞƌŶƐ͘ KŶ^ĞƉƚĞŵďĞƌϭϱ͕ϮϬϭϱ͕ƚŚĞsŝůůĂŐĞŚŽƐƚĞĚĂŵĞĞƚŝŶŐǁŝƚŚĂŶĂĚŝĂŶEĂƚŝŽŶĂůǁŚĞƌĞƚŚĞLJĂŐƌĞĞĚƚŽƉƌŽǀŝĚĞ ŝŵƉƌŽǀĞŵĞŶƚƐƚŽƚŚĞŝƌŝŶƐƚƌƵŵĞŶƚĂƚŝŽŶĞƋƵŝƉŵĞŶƚĂůŽŶŐƚŚĞƌĂŝůǁĂLJƐƐŽƵƚŚŽĨŽƵƌĐŽŵŵƵŶŝƚLJ͘ /ŶĞĐĞŵďĞƌϮϬϭϱ͕ĂŶĂĚŝĂŶEĂƚŝŽŶĂůƌĞůŽĐĂƚĞĚŝŶƐƚƌƵŵĞŶƚĂƚŝŽŶĞƋƵŝƉŵĞŶƚ;ƚŚĞŚŽƚǁŚĞĞůĚĞƚĞĐƚŽƌͿĨƌŽŵ ZĞŶǁŝĐŬZŽĂĚƚŽĂŶĞǁůŽĐĂƚŝŽŶƐŽƵƚŚŽĨƚŚĞĂƌĞĂƚŚĂƚǁŝůůƌĞĚƵĐĞƚŚĞůŝŬĞůŝŚŽŽĚŽĨƚƌĂŝŶƐƐƚŽƉƉŝŶŐĂŶĚďůŽĐŬŝŶŐ ŝŶƚĞƌƐĞĐƚŝŽŶƐǁŝƚŚŝŶWůĂŝŶĨŝĞůĚ͘dŚĞŝƚLJŽĨƌĞƐƚ,ŝůůĂŶĚĂŶĂĚŝĂŶEĂƚŝŽŶĂůǁŽƌŬĞĚǁŝƚŚƚŚĞsŝůůĂŐĞƚŽĨŝŶĚƚŚĞ ďĞƐƚƐŽůƵƚŝŽŶĨŽƌƚŚĞƌĞŐŝŽŶ͘ ĐƚŝŽŶ /ƚĞŵ͗ tŽƌŬ ǁŝƚŚ ƚŚĞ ŝƚLJ ŽĨ :ŽůŝĞƚ ĂŶĚ WůĂŝŶĨŝĞůĚ dŽǁŶƐŚŝƉ ƚŽ ŝŶƐƚĂůů ƌĂŝůǁĂLJ ĐƌŽƐƐŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂŶĚ ƚŽ ƐƵďŵŝƚ ĂŶ ĂƉƉůŝĐĂƚŝŽŶ ƚŽ ƚŚĞ &ĞĚĞƌĂů ZĂŝůƌŽĂĚ ĚŵŝŶŝƐƚƌĂƚŝŽŶ ;&ZͿ ĨŽƌ Ă ͞ƋƵŝĞƚnjŽŶĞ͟ĚĞƐŝŐŶĂƚŝŽŶĂůŽŶŐƚŚĞĂŶĂĚŝĂŶEĂƚŝŽŶĂůƐŽƵƚŚƐƉƵƌůŝŶĞ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ƐƐŝƐƚƚŚĞWůĂŝŶĨŝĞůĚdŽǁŶƐŚŝƉ,ŝŐŚǁĂLJĞƉĂƌƚŵĞŶƚǁŝƚŚƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨĚĞůŝŶĞĂƚŽƌƐĂůŽŶŐƚŚĞĐĞŶƚĞƌůŝŶĞŽĨ ZĞŶǁŝĐŬZŽĂĚŶĞĂƌƚŚĞƌĂŝůǁĂLJĐƌŽƐƐŝŶŐ͘/ŶƐƚĂůůĚĞůŝŶĞĂƚŽƌƐĂůŽŶŐƚŚĞĐĞŶƚĞƌůŝŶĞŽĨƌĂƵĚĞŶZŽĂĚŶĞĂƌƚŚĞ ƌĂŝůǁĂLJĐƌŽƐƐŝŶŐ͘ŽŵƉůĞƚĞĂŶĚƐƵďŵŝƚĂŶƵƉĚĂƚĞĚĂƉƉůŝĐĂƚŝŽŶƚŽƚŚĞ&ZĨŽƌĂƋƵŝĞƚnjŽŶĞĚĞƐŝŐŶĂƚŝŽŶĨŽƌƚŚĞ ZĞŶǁŝĐŬĂŶĚƌĂƵĚĞŶZŽĂĚĐƌŽƐƐŝŶŐƐ͘^ƵƉƉŽƌƚ:ŽůŝĞƚ͛ƐĂƉƉůŝĐĂƚŝŽŶĨŽƌĂƋƵŝĞƚnjŽŶĞĚĞƐŝŐŶĂƚŝŽŶĂƚƚŚĞĂƚŽŶ &ĂƌŵZŽĂĚĐƌŽƐƐŝŶŐ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ ^ĞǀĞƌĂůLJĞĂƌƐĂŐŽ͕ƚŚĞsŝůůĂŐĞĨĂĐŝůŝƚĂƚĞĚƌŽĂĚǁĂLJŝŵƉƌŽǀĞŵĞŶƚƐƚŚĂƚƉƌĞǀĞŶƚǀĞŚŝĐůĞƐĨƌŽŵĚƌŝǀŝŶŐĂƌŽƵŶĚ ĂĐƚŝǀĂƚĞĚƌĂŝůƌŽĂĚĐƌŽƐƐŝŶŐŐĂƚĞƐĂƚŵŽƐƚŽĨƚŚĞƌŽĂĚǁĂLJůŽĐĂƚŝŽŶƐƚŚĂƚŝŶƚĞƌƐĞĐƚĂŶĂĚŝĂŶEĂƚŝŽŶĂů͛ƐŵĂŝŶƌĂŝů ůŝŶĞ ƚŚĂƚ ĞdžƚĞŶĚƐ ƚŚƌŽƵŐŚ WůĂŝŶĨŝĞůĚ͘ ĨƚĞƌ ƚŚŝƐ ƌŽĂĚǁĂLJ ǁŽƌŬ ǁĂƐ ĐŽŵƉůĞƚĞĚ͕ ƚŚĞ sŝůůĂŐĞ ƐƵďŵŝƚƚĞĚ ĂŶ ĂƉƉůŝĐĂƚŝŽŶƚŽƚŚĞ&ĞĚĞƌĂůZĂŝůƌŽĂĚĚŵŝŶŝƐƚƌĂƚŝŽŶƐĞĞŬŝŶŐĂƋƵŝĞƚnjŽŶĞĚĞƐŝŐŶĂƚŝŽŶĂůŽŶŐƚŚĞŵĂŝŶƌĂŝůůŝŶĞ͘dŚŝƐ ƌĞƋƵĞƐƚǁĂƐĂƉƉƌŽǀĞĚ͘ ƐƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨŶĞǁŚŽŵĞƐĐŽŶƚŝŶƵĞƐƚŽŽĐĐƵƌŝŶƚŚĞƐŽƵƚŚĞƌŶƌĞŐŝŽŶŽĨŽƵƌĐŽŵŵƵŶŝƚLJ͕ĂŐƌŽǁŝŶŐ ŶƵŵďĞƌŽĨƌĞƐŝĚĞŶƚƐŚĂǀĞĞdžƉƌĞƐƐĞĚĐŽŶĐĞƌŶƐĂďŽƵƚƚŚĞŶŽŝƐĞĐƌĞĂƚĞĚďLJƚƌĂŝŶŚŽƌŶƐĂůŽŶŐĂŶĂĚŝĂŶEĂƚŝŽŶĂů͛Ɛ ƐŽƵƚŚƐƉƵƌůŝŶĞ͘tŚŝůĞ^ƚĂĨĨŚĂƐĐŽŵƉůĞƚĞĚĂƉƌĞůŝŵŝŶĂƌLJĂƉƉůŝĐĂƚŝŽŶĨŽƌƚŚĞƋƵŝĞƚnjŽŶĞĚĞƐŝŐŶĂƚŝŽŶǁŝƚŚŝŶƚŚŝƐ ƌĞŐŝŽŶ͕ƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨĂĚĚŝƚŝŽŶĂůĚĞůŝŶĞĂƚŽƌƐǁŝůůŝŶĐƌĞĂƐĞƚŚĞůŝŬĞůŝŚŽŽĚƚŚĂƚŽƵƌƌĞƋƵĞƐƚǁŝůůďĞĂƉƉƌŽǀĞĚďLJ ƚŚĞ&Z͘ ĐƚŝŽŶ/ƚĞŵ͗>ŽĐŬƉŽƌƚ^ƚƌĞĞƚdƌĂĨĨŝĐĂůŵŝŶŐ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ tŽƌŬǁŝƚŚ/KdƚŽŐĞƚĨŝŶĂůĚĞƐŝŐŶĂƉƉƌŽǀĂůĨŽƌƚŚĞĚĞĐŽƌĂƚŝǀĞ͞ŵĂƐƚĂƌŵ͟ƚŚĂƚǁŝůůĚŝƌĞĐƚƚƌƵĐŬƚƌĂĨĨŝĐĂǁĂLJ ĨƌŽŵƚŚĞĚŽǁŶƚŽǁŶ͘ZĞƋƵĞƐƚďŝĚƐĂŶĚĐŽŵƉůĞƚĞƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨƚŚŝƐƐŝŐŶĂŶĚƌĞůĂƚĞĚƉĂǀĞŵĞŶƚŵĂƌŬŝŶŐ͘ 34 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϭϬ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ ^ƚĂĨĨŝƐǁŽƌŬŝŶŐŽŶŽƉƚŝŽŶƐĨŽƌƚƌĂĨĨŝĐĐĂůŵŝŶŐ͘dŚĞdƌĂĨĨŝĐŽŵŵŝƚƚĞĞŚĂƐƌĞǀŝĞǁĞĚƐĞǀĞƌĂůŽƉƚŝŽŶƐĂŶĚƚŚĞLJ ŚĂǀĞƌĞĐŽŵŵĞŶĚĞĚƚŚĂƚĂĚĞĐŽƌĂƚŝǀĞ͞ŵĂƐƚĂƌŵ͟ďĞŝŶƐƚĂůůĞĚŽǀĞƌ>ŽĐŬƉŽƌƚ^ƚƌĞĞƚ͕ŶĞĂƌŽƵŶƚƌLJŵĂŶƌŝǀĞ͕ ĚŝƐƉůĂLJŝŶŐƐŝŐŶƐƚŚĂƚĚŝƌĞĐƚƚƌƵĐŬƚƌĂĨĨŝĐĂǁĂLJĨƌŽŵŽƵƌŚŝƐƚŽƌŝĐĚŽǁŶƚŽǁŶ͘^ƵƉƉůĞŵĞŶƚĂůƉĂǀĞŵĞŶƚŵĂƌŬŝŶŐŝƐ ĂůƐŽƌĞĐŽŵŵĞŶĚĞĚƚŽƐƵƉƉŽƌƚƚŚŝƐĞĨĨŽƌƚ͘ ůůŽĨƚŚĞĚĞƐŝŐŶĚƌĂǁŝŶŐƐĂŶĚƐƉĞĐŝĨŝĐĂƚŝŽŶƐŚĂǀĞďĞĞŶƐƵďŵŝƚƚĞĚƚŽ/Kd͘^ƚĂĨĨŵĞƚǁŝƚŚ/KdŝŶ:ĂŶƵĂƌLJϮϬϭϱ ƌĞŐĂƌĚŝŶŐƚŚĞƉƌŽũĞĐƚƉĞƌŵŝƚ͘ /KdŚĂƐĂƉƉƌŽǀĞĚƚŚĞ͞ŵĂƐƚĂƌŵ͟ĚĞƐŝŐŶƉůĂŶƐĂŶĚƉĂǀĞŵĞŶƚŵĂƌŬŝŶŐĂůŽŶŐ>ŽĐŬƉŽƌƚ^ƚƌĞĞƚ͘,ŽǁĞǀĞƌ͕ƚŚĞ ŝůůƵŵŝŶĂƚĞĚƐŝŐŶƐƉĞĐŝĨŝĐĂƚŝŽŶƐŵƵƐƚďĞĂƉƉƌŽǀĞĚďLJ/Kd͛ƐĞůĞĐƚƌŝĐĂůĚŝǀŝƐŝŽŶďĞĨŽƌĞĨŝŶĂůĂƉƉƌŽǀĂůŝƐŐƌĂŶƚĞĚ͘ tĞĂŶƚŝĐŝƉĂƚĞƚŚĂƚƚŚŝƐƉƌŽũĞĐƚǁŝůůďĞŽƵƚĨŽƌďŝĚƚŚŝƐƐƵŵŵĞƌĂŶĚŝŶƐƚĂůůĂƚŝŽŶǁŝůůŽĐĐƵƌŝŶƚŚĞĨĂůů͘ ĐƚŝŽŶ/ƚĞŵ͗ŽǁŶƚŽǁŶ>ŽĐŬƉŽƌƚ^ƚƌĞĞƚZĞĨƌĞƐŚ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ZĞƋƵĞƐƚďŝĚƐĂŶĚĐŽŵƉůĞƚĞƚŚĞƌĞƐƵƌĨĂĐŝŶŐŽĨƚŚĞĂƐƉŚĂůƚƐĞĐƚŝŽŶƐŽĨƚŚŝƐƌŽĂĚǁĂLJ͘hƉĚĂƚĞƚŚĞůĂŶĚƐĐĂƉŝŶŐ ǁŝƚŚŝŶ ƚŚĞ ƉůĂŶƚĞƌ ďŽdžĞƐĂŶĚ ŝƐůĂŶĚƐ͘ ZĞƉůĂĐĞ ƚƌĞĞƐ ĂƐ ƌĞƋƵŝƌĞĚ͘ WŽǁĞƌ ǁĂƐŚ ǁĂůŬǁĂLJƐ ĂŶĚ ƐĞĂůĐŽŶĐƌĞƚĞ ƐŝĚĞǁĂůŬƐĂŶĚƉĂǀĞƌƐ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚĞsŝůůĂŐĞŝƐƌĞƉĂŝƌŝŶŐƉŽƌƚŝŽŶƐŽĨƚŚĞĚŽǁŶƚŽǁŶƐƚƌĞĞƚƐĐĂƉĞ͘dŚŝƐǁŽƌŬǁŝůůŝŶĐůƵĚĞƚŚĞƌĞƉůĂĐĞŵĞŶƚŽĨƐŽŵĞ ĐŽŶĐƌĞƚĞ ǁĂůŬǁĂLJƐ͕ ƌĞƉĂŝŶƚŝŶŐ ŽĨ ƉůĂŶƚĞƌƐ͕ ƌĞƐĞƚƚŝŶŐ ƉĂǀĞƌƐ͕ ŐƵŵ ƌĞŵŽǀĂů͕ ƌĞƉůĂĐŝŶŐ ďĂŶŶĞƌƐ͕ ƌĞƉůĂĐŝŶŐ ůĂŶĚƐĐĂƉŝŶŐƉůĂŶƚŝŶŐƐ͕ĂŶĚƚŚĞĐůĞĂŶŝŶŐͬƐĞĂůŝŶŐŽĨƚŚĞǁĂůŬǁĂLJƐ͘ dŚĞƌĞƉůĂĐĞŵĞŶƚŽĨĐŽŶĐƌĞƚĞ͕ƌĞƉĂŝŶƚŝŶŐŽĨƚŚĞƉůĂŶƚĞƌƐ͕ƌĞƐĞƚƚŝŶŐŽĨƉĂǀĞƌƐ͕ĂŶĚŐƵŵƌĞŵŽǀĂůŚĂǀĞďĞĞŶ ĐŽŵƉůĞƚĞĚ͘ dŚĞ ĐůĞĂŶŝŶŐ ĂŶĚ ƐĞĂůŝŶŐ ŽĨ ƚŚĞ ĐŽŶĐƌĞƚĞ ǁĂƐ ĐŽŵƉůĞƚĞĚ ŝŶ KĐƚŽďĞƌ ϮϬϭϱ͘ >ĂŶĚƐĐĂƉŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐĂŶĚƚƌĞĞƌĞƉůĂĐĞŵĞŶƚ͕ĂƐƌĞƋƵŝƌĞĚ͕ǁŝůůŽĐĐƵƌŝŶƚŚĞĨĂůůŽĨϮϬϭϲ͘ KŶƵŐƵƐƚϭ͕ϮϬϭϲ͕ƚŚĞsŝůůĂŐĞŽĂƌĚĂǁĂƌĚĞĚĂĐŽŶƚƌĂĐƚĨŽƌƚŚĞƌĞƐƵƌĨĂĐŝŶŐŽĨƚŚĞďůĂĐŬƚŽƉƌŽĂĚǁĂLJĂŶĚƚŚĞ ŝŶƐƚĂůůĂƚŝŽŶŽĨŶĞǁůĂŶĚƐĐĂƉŝŶŐƚŽƚŚĞůŽǁĞƐƚďŝĚĚĞƌ͘dŚĞsŝůůĂŐĞĂůƐŽŚŽƐƚĞĚĂŶŝŶĨŽƌŵĂƚŝŽŶĂůŵĞĞƚŝŶŐǁŝƚŚƚŚĞ >ŽĐŬƉŽƌƚ^ƚƌĞĞƚďƵƐŝŶĞƐƐŽǁŶĞƌƐ͕ŽŶƵŐƵƐƚϮϱ͕ƚŽĚŝƐĐƵƐƐƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶƐĐŚĞĚƵůĞ͘ ĐƚŝŽŶ/ƚĞŵ͗/ŵƉƌŽǀĞƉĂƌŬŝŶŐĂĐĐĞƐƐĨŽƌƉĞŽƉůĞǀŝƐŝƚŝŶŐŽƵƌĚŽǁŶƚŽǁŶďƵƐŝŶĞƐƐĞƐĂŶĚƌĞƐƚĂƵƌĂŶƚƐ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ŽŶĚƵĐƚĂĐŽŵƉƌĞŚĞŶƐŝǀĞƐƵƌǀĞLJŝĚĞŶƚŝĨLJŝŶŐŚŽǁŵĂŶLJƉĂƌŬŝŶŐƐƉĂĐĞƐĂƌĞƵƚŝůŝnjĞĚĚƵƌŝŶŐǀĂƌŝŽƵƐĚĂLJƐĂŶĚ ƚŝŵĞƐŽĨƚŚĞǁĞĞŬ͘ŽŵƉůĞƚĞĂƌĞƉŽƌƚƌĞŐĂƌĚŝŶŐƚŚĞĚĂƚĂĐŽůůĞĐƚĞĚĨƌŽŵƚŚŝƐƐƵƌǀĞLJĂŶĚĚĞǀĞůŽƉĐŽƐƚĞƐƚŝŵĂƚĞƐ ĨŽƌĨƵƚƵƌĞŝŵƉƌŽǀĞŵĞŶƚƐ͘ 35 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϭϭ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ /ŶϮϬϭϯ͕ƚŚĞsŝůůĂŐĞƉĂƌƚŶĞƌĞĚǁŝƚŚƚŚĞ>ŝďƌĂƌLJĂŶĚĨĂĐŝůŝƚĂƚĞĚƚŚĞƌĞĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚŝŶƚĞƌĐŽŶŶĞĐƚŝŽŶŽĨƚǁŽ ŽƵƚĚĂƚĞĚƉĂƌŬŝŶŐůŽƚƐ͘dŚĞŶŽƌƚŚĞƐWůĂŝŶĞƐ^ƚƌĞĞƚƉĂƌŬŝŶŐůŽƚǁĂƐĂůƐŽĞdžƉĂŶĚĞĚĂƚƚŚĂƚƚŝŵĞ͘dŚŝƐƉƌŽũĞĐƚ LJŝĞůĚĞĚĂƚŽƚĂůŽĨϭϴϲƉƵďůŝĐƉĂƌŬŝŶŐƐƉĂĐĞƐ͘EĞǁůŝŐŚƚŝŶŐǁĂƐĂůƐŽŝŶƐƚĂůůĞĚĂƚĂůůŽĨƚŚĞƉĂƌŬŝŶŐůŽƚƐƚŽŝŵƉƌŽǀĞ ǁĂůŬĂďŝůŝƚLJĚƵƌŝŶŐƚŚĞĞǀĞŶŝŶŐŚŽƵƌƐ͘tŚŝůĞƚŚŝƐƉƌŽũĞĐƚŚĂƐŝŵƉƌŽǀĞĚƉĂƌŬŝŶŐĂĐĐĞƐƐ͕ƐŽŵĞďƵƐŝŶĞƐƐŽǁŶĞƌƐ ŚĂǀĞĞdžƉƌĞƐƐĞĚƚŚĞĚĞƐŝƌĞĨŽƌĂĚĚŝƚŝŽŶĂůƉƵďůŝĐƉĂƌŬŝŶŐƐƉĂĐĞƐŝŶͬŶĞĂƌŽƵƌĚŽǁŶƚŽǁŶ͘ KŶƵŐƵƐƚϭ͕ϮϬϭϲ͕ƚŚĞsŝůůĂŐĞŽĂƌĚĚŝƌĞĐƚĞĚĂdžƚĞƌΘtŽŽĚŵĂŶ ŶŐŝŶĞĞƌŝŶŐƚŽĐŽŵƉůĞƚĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞ ƐƚƵĚLJŽĨƉĂƌŬŝŶŐƐƉĂĐĞƵƚŝůŝnjĂƚŝŽŶĂŶĚƚŽĚĞǀĞůŽƉĐŽŶĐĞƉƚƐĂŶĚĐŽƐƚĞƐƚŝŵĂƚĞƐĨŽƌƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨĂĚĚŝƚŝŽŶĂů ƉĂƌŬŝŶŐƐƉĂĐĞƐŶĞĂƌĚŽǁŶƚŽǁŶ͘ ĐƚŝŽŶ /ƚĞŵ͗ ^ƵƉƉŽƌƚ ĐƵƌƌĞŶƚ WĂĐĞ ƐĞƌǀŝĐĞƐ͕ ŝŶǀĞƐƚŝŐĂƚĞ ŽƉƚŝŽŶƐ ĨŽƌ ĞdžƉĂŶƐŝŽŶ ŽĨ ƉƵďůŝĐ ƚƌĂŶƐƉŽƌƚĂƚŝŽŶͬWĂĐĞƐĞƌǀŝĐĞ͕ĂŶĚǁŽƌŬǁŝƚŚWĂĐĞŽŶƌĞůŽĐĂƚŝŶŐƚŚĞĞdžŝƐƚŝŶŐWĂƌŬͲŶͲZŝĚĞ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ tŽƌŬǁŝƚŚWĂĐĞƚŽĨŝŶĚĂůŽĐĂƚŝŽŶĨŽƌĂƉĞƌŵĂŶĞŶƚWĂĐĞWĂƌŬͲŶͲZŝĚĞ͘KŶĐĞĂůŽĐĂƚŝŽŶŚĂƐďĞĞŶƐĞůĞĐƚĞĚ͕ǁŽƌŬ ŽŶĚĞƐŝŐŶƉůĂŶƐĨŽƌƚŚĞƉĂƌŬŝŶŐůŽƚ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚĞsŝůůĂŐĞŚĂƐǁŽƌŬĞĚǁŝƚŚWĂĐĞƚŽƐƵƉƉŽƌƚĂŶĚĞdžƉĂŶĚƚŚĞ/ͲϱϱƵƐŽŶ^ŚŽƵůĚĞƌƐĞƌǀŝĐĞ͘dŚĞƐĞƌǀŝĐĞŚĂƐ ĞdžƉĂŶĚĞĚŶƵŵĞƌŽƵƐƚŝŵĞƐƐŝŶĐĞŝƚďĞŐĂŶŝŶϮϬϬϵ͘dŚĞŐƌŽǁƚŚŚĂƐĐƌĞĂƚĞĚƚŚĞŶĞĞĚƚŽƌĞůŽĐĂƚĞƚŚĞĐŽŵŵƵƚĞƌ WĂƌŬͲŶͲZŝĚĞůŽĐĂƚĞĚŶĞĂƌͬĂƚƚŚĞsŝůůĂŐĞ,Ăůů͘WĂĐĞĐŽŶƚŝŶƵĞƐƚŽǁŽƌŬŽŶůŽŶŐͲƚĞƌŵŽƉƚŝŽŶƐĨŽƌƚŚĞƉĂƌŬŝŶŐůŽƚ͘ /ŶƵŐƵƐƚ͕WĂĐĞĂĚĚĞĚĂĚĚŝƚŝŽŶĂůƐĞƌǀŝĐĞƌƵŶƐƚŽƚŚĞĐŝƚLJĚƵĞƚŽŽǀĞƌĐƌŽǁĚŝŶŐŽŶƚŚĞďƵƐĞƐ͘^ƚĂĨĨĐŽŶƚŝŶƵĞƐƚŽ ǁŽƌŬǁŝƚŚWĂĐĞŽŶůŽŶŐͲƚĞƌŵĐŽŵŵƵƚĞƌƉĂƌŬŝŶŐůŽƚŽƉƚŝŽŶƐ͘/ŶƚŚĞŝŶƚĞƌŝŵ͕WĂĐĞŝƐǁŽƌŬŝŶŐƚŽƌĞůŽĐĂƚĞŽŶĞŽĨ ƚŚĞďƵƐůŝŶĞƐƚŽĂŶŽƚŚĞƌƐŝƚĞ͘ WĂĐĞŶĞŐŽƚŝĂƚĞĚĂĚĞĂůǁŝƚŚ>ĂƌƌLJ͛ƐŝŶĞƌƚŽƵƚŝůŝnjĞƉĂƌŬŝŶŐĂƚƚŚĞĚŝŶĞƌĨŽƌWĂĐĞĐŽŵŵƵƚĞƌƐ͘ŽŵŵƵƚĞƌƐŶŽǁ ŚĂǀĞĂĐĐĞƐƐƚŽĂƉƉƌŽdžŝŵĂƚĞůLJϳϬŵŽƌĞƉĂƌŬŝŶŐƐƉĂĐĞƐ͘dŚŝƐŚĂƐŚĞůƉĞĚĂůůĞǀŝĂƚĞƚŚĞƉĂƌŬŝŶŐƐŝƚƵĂƚŝŽŶĂƚĂŶĚ ĂƌŽƵŶĚƚŚĞsŝůůĂŐĞ,Ăůů͘,ŽǁĞǀĞƌ͕ĂŶƚŝĐŝƉĂƚŝŶŐĂŶƵƉƚŝĐŬŝŶƌŝĚĞƌƐŚŝƉ͕ƚŚĞsŝůůĂŐĞĂŶĚWĂĐĞĐŽŶƚŝŶƵĞƚŽǁŽƌŬŽŶ ĂĚĚŝƚŝŽŶĂůƐŚŽƌƚͲĂŶĚůŽŶŐͲƚĞƌŵƉĂƌŬŝŶŐŽƉƚŝŽŶƐĨŽƌĐŽŵŵƵƚĞƌƐ͘ ĐƚŝŽŶ/ƚĞŵ͗ŽŶƚŝŶƵĞƚŚĞƌĞƉůĂĐĞŵĞŶƚŽĨĐŽŶǀĞŶƚŝŽŶĂůƐƚƌĞĞƚůŝŐŚƚƐǁŝƚŚ> ĨŝdžƚƵƌĞƐ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ZĞƐĞĂƌĐŚĂŶĚƉƵƌƐƵĞŐƌĂŶƚĨƵŶĚŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ZĞƉůĂĐĞϭϱϬĐŽŶǀĞŶƚŝŽŶĂůƐƚƌĞĞƚůŝŐŚƚďƵůďƐǁŝƚŚŶĞǁ> ůŝŐŚƚ ďƵůďƐ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ > ƐƚƌĞĞƚůŝŐŚƚƐƵƐĞŽŶůLJĂďŽƵƚϯϬШ 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ŽĨĨĞƌƐ ĞdžĂŵƉůĞƐĨƌŽŵǁŚŝĐŚƚŽůĞĂƌŶĂŶĚŝŵƉƌŽǀĞWůĂŝŶĨŝĞůĚ͛ƐƉŽƚĞŶƚŝĂůĨĂĐŝůŝƚLJ͘ 38 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϭϰ ĐƚŝŽŶ/ƚĞŵ͗ZĞǀŝĞǁƚƌĂĨĨŝĐƐŝŐŶĂůƚŝŵŝŶŐĂůŽŶŐƚŚĞsŝůůĂŐĞ͛ƐŵĂũŽƌŚŝŐŚǁĂLJƐŝŶĂŶĞĨĨŽƌƚƚŽƌĞĚƵĐĞ ƚƌĂĨĨŝĐĐŽŶŐĞƐƚŝŽŶ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ tŽƌŬĐůŽƐĞůLJǁŝƚŚ/Kd͕tŝůůŽƵŶƚLJ͕ĂŶĚ<ĞŶĚĂůůŽƵŶƚLJƚŽƐƚƵĚLJƚƌĂĨĨŝĐĨůŽǁŝŶƚŚĞZŽƵƚĞϱϵ͕ZŽƵƚĞϯϬ͕ĂŶĚ ZŽƵƚĞϭϮϲĐŽƌƌŝĚŽƌƐ͘ZĞƋƵĞƐƚƚŚĂƚƐŝŐŶĂůƐĂƌĞƌĞƉƌŽŐƌĂŵŵĞĚĂŶĚͬŽƌŶĞǁĞƋƵŝƉŵĞŶƚŝƐŝŶƐƚĂůůĞĚǁŝƚŚƚŚĞŐŽĂůŽĨ ƌĞĚƵĐŝŶŐƚƌĂĨĨŝĐĐŽŶŐĞƐƚŝŽŶ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ /ŶϮϬϬϭ͕ƚŚĞŶŽƌƚŚƐĞĐƚŝŽŶŽĨZŽƵƚĞϱϵǁĂƐĞdžƉĂŶĚĞĚĨƌŽŵĂƚǁŽͲůĂŶĞƌŽĂĚǁĂLJƚŽĂĨŽƵƌͲůĂŶĞĐŽŶĐƌĞƚĞŚŝŐŚǁĂLJ͘ ƚƚŚĂƚƚŝŵĞŶĞǁƚƌĂĨĨŝĐƐŝŐŶĂůƐǁĞƌĞŝŶƐƚĂůůĞĚĂƚϭϰϯƌĚ͕ϭϯϱƚŚ͕ϭϮϳƚŚ͕ĂŶĚϭϭϵƚŚ^ƚƌĞĞƚƐ͘ƐƚƌĂĨĨŝĐǀŽůƵŵĞƐŚĂǀĞ ŝŶĐƌĞĂƐĞĚƚŽŽǀĞƌϯϬ͕ϬϬϬǀĞŚŝĐůĞƐƉĞƌĚĂLJǁŝƚŚŝŶƚŚŝƐĐŽƌƌŝĚŽƌ͕ƚƌĂĨĨŝĐĐŽŶŐĞƐƚŝŽŶĚƵƌŝŶŐƌƵƐŚŚŽƵƌŚĂƐŝŶĐƌĞĂƐĞĚ ĂƐǁĞůů͘ /ŶϮϬϭϬ͕ƚŚĞƐŽƵƚŚƐĞĐƚŝŽŶŽĨZŽƵƚĞϱϵǁĂƐĞdžƉĂŶĚĞĚĨƌŽŵĂƚǁŽͲůĂŶĞƌŽĂĚǁĂLJƚŽĂĨŽƵƌͲůĂŶĞĐŽŶĐƌĞƚĞŚŝŐŚǁĂLJ͘ EĞǁƚƌĂĨĨŝĐƐŝŐŶĂůƐǁĞƌĞŝŶƐƚĂůůĞĚĂƚ>ŽĐŬƉŽƌƚ^ƚƌĞĞƚ͕ZŽƵƚĞϯϬ͕ZĞŶǁŝĐŬZŽĂĚ͕ĂŶĚ&ƌĂƐĞƌZŽĂĚ͘dŚĞƐĞƐŝŐŶĂůƐ ĂƌĞ ůŝŶŬĞĚ ǀŝĂ Ă ĨŝďĞƌͲŽƉƚŝĐ ĐĂďůĞ ƚŚĂƚ ƐƵƉƉŽƌƚƐ ƚŚĞ ƉƌŽƉĞƌ ƚŝŵŝŶŐ ŽĨ ƚŚĞƐĞ ƐŝŐŶĂůƐ ĚƵƌŝŶŐ ŶŽƌŵĂů ƚƌĂĨĨŝĐ ĐŽŶĚŝƚŝŽŶƐ͘ ZŽƵƚĞϯϬ͕ĨƌŽŵZŽƵƚĞϱϵƚŽƚŚĞ/Ͳϱϱ/ŶƚĞƌĐŚĂŶŐĞ͕ŝƐĐƵƌƌĞŶƚůLJƵŶĚĞƌĐŽŶƐƚƌƵĐƚŝŽŶ͘tŚŝůĞƚŚĞƚƌĂĨĨŝĐĐŽŶŐĞƐƚŝŽŶ ǁŝƚŚŝŶƚŚŝƐĐŽƌƌŝĚŽƌŚĂƐŝŶĐƌĞĂƐĞĚ͕ŵŽƚŽƌŝƐƚƐĂƌĞƵƚŝůŝnjŝŶŐŽƚŚĞƌƌŽĂĚǁĂLJƐŝŶĂŶĞĨĨŽƌƚƚŽĂǀŽŝĚƚŚŝƐĐŽŶƐƚƌƵĐƚŝŽŶ njŽŶĞ͘dŚĞƌĞĨŽƌĞ͕ŝŶĐƌĞĂƐĞĚƚƌĂĨĨŝĐǀŽůƵŵĞƐǁŝůůĐŽŶƚŝŶƵĞƚŽŽĐĐƵƌĂůŽŶŐZŽƵƚĞϱϵĂŶĚZŽƵƚĞϭϮϲƵŶƚŝůƚŚĞZŽƵƚĞ ϯϬǁŽƌŬŝƐĐŽŵƉůĞƚĞĚ͘ ĐŽŶŽŵŝĐ'ƌŽǁƚŚΘ^ƵƐƚĂŝŶĂďŝůŝƚLJ ĐƚŝŽŶ/ƚĞŵ͗ĞǀĞůŽƉĂĨŽƌŵͲďĂƐĞĚĐŽĚĞĨŽƌƚŚĞŽǁŶƚŽǁŶ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ /ŶŝƚŝĂƚĞĞĨĨŽƌƚƐƚŽĚĞǀĞůŽƉĂ&ŽƌŵͲĂƐĞĚŽĚĞ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ Ɛ ƉĂƌƚ ŽĨ ƚŚĞ ĞŶƚƌĂů ƌĞĂ WůĂŶ͕ ^ƚĂĨĨ ďĞŐĂŶ Ă ƉƌĞůŝŵŝŶĂƌLJ ĞĨĨŽƌƚ ƚŽ ŽƵƚůŝŶĞ ƚŚĞ ƉĂƌĂŵĞƚĞƌƐ ŽĨ Ă ĨƵƚƵƌĞ ĨŽƌŵͲďĂƐĞĚĐŽĚĞĨŽƌƚŚĞŽǁŶƚŽǁŶǁŚŝĐŚǁŝůůŚĞůƉŐƵŝĚĞĨƵƚƵƌĞĚĞǀĞůŽƉŵĞŶƚƚŚƌŽƵŐŚƚŚĞnjŽŶŝŶŐƉƌŽĐĞƐƐ͘ &ŽƌŵͲďĂƐĞĚĐŽĚĞƐĞƐƚĂďůŝƐŚƐƉĞĐŝĨŝĐŐƵŝĚĞůŝŶĞƐŽŶŚŽǁďƵŝůĚŝŶŐƐƐŚŽƵůĚďĞŵĂƐƐĞĚĂŶĚůŽĐĂƚĞĚŽŶĂƐƵďũĞĐƚ ƐŝƚĞ͘dŚĞďĞŶĞĨŝƚŽĨĂĨŽƌŵͲďĂƐĞĚĐŽĚĞŝƐƚŚĂƚŝƚƉƌŽǀŝĚĞƐƚŚĞĚĞǀĞůŽƉŵĞŶƚĐŽŵŵƵŶŝƚLJǁŝƚŚĂǀĞƌLJƐƉĞĐŝĨŝĐǀŝƐŝŽŶ ŽĨƚŚĞĨŽƌŵŽĨĚĞǀĞůŽƉŵĞŶƚƚŚĂƚĂŵƵŶŝĐŝƉĂůŝƚLJŝƐůŽŽŬŝŶŐĨŽƌ͘ 39 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϭϱ ĐƚŝŽŶ/ƚĞŵ͗ džƉůŽƌĞĞdžƚĞŶĚŝŶŐĚŽǁŶƚŽǁŶd/&ŝƐƚƌŝĐƚďĞLJŽŶĚŝƚƐĐƵƌƌĞŶƚĞdžƉŝƌĂƚŝŽŶ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ŽŽƌĚŝŶĂƚĞǁŝƚŚƚŚĞŽƚŚĞƌƵŶŝƚƐŽĨůŽĐĂůŐŽǀĞƌŶŵĞŶƚƌĞŐĂƌĚŝŶŐƚŚĞƐƚĂƚƵƐŽĨƚŚĞĚŽǁŶƚŽǁŶd/&ĂŶĚĞǀĂůƵĂƚĞƚŚĞ ƉŽƚĞŶƚŝĂů ŶĞĞĚƐ ĨŽƌ ƚŚĞ d/& ďĞLJŽŶĚ ŝƚƐ ĐƵƌƌĞŶƚ ƐĐŚĞĚƵůĞĚ ĞdžƉŝƌĂƚŝŽŶ͘ ĞŐŝŶ ĐŽŶƐŝĚĞƌĂƚŝŽŶ ŽĨ ŚŽǁ ĞdžŝƐƚŝŶŐ ƐĞƌǀŝĐĞƐĐƵƌƌĞŶƚůLJĨƵŶĚĞĚďLJƚŚĞd/&ĚŝƐƚƌŝĐƚǁŝůůďĞƉƌŽǀŝĚĞĚŽŶĐĞƚŚĞd/&ĚŝƐƚƌŝĐƚĞdžƉŝƌĞƐ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚĞsŝůůĂŐĞ͛ƐĚŽǁŶƚŽǁŶd/&ĚŝƐƚƌŝĐƚǁĂƐĨŽƌŵĞĚŝŶϭϵϵϴĂŶĚŚĂƐĂůŝĨĞŽĨϮϯLJĞĂƌƐ͘ZĞǀĞŶƵĞŐĞŶĞƌĂƚĞĚďLJƚŚĞd/& ĚŝƐƚƌŝĐƚĨƵŶĚƐƚŚĞĚŽǁŶƚŽǁŶĨĂĕĂĚĞƌĞŚĂďŝůŝƚĂƚŝŽŶŐƌĂŶƚƉƌŽŐƌĂŵ͘d/&ĨƵŶĚƐĂƌĞĂůƐŽƵƐĞĚƚŽĂĐƋƵŝƌĞƉƵďůŝĐ ƉĂƌŬŝŶŐĂŶĚŵĂŬĞĂĚĚŝƚŝŽŶĂůŝŵƉƌŽǀĞŵĞŶƚƐŝŶƚŚĞĚŽǁŶƚŽǁŶ͘/ƚŵĂLJďĞĚĞƐŝƌĂďůĞƚŽĐŽŶƚŝŶƵĞǁŝƚŚĂƉŽƌƚŝŽŶŽĨ ƚŚĞd/&ĚŝƐƚƌŝĐƚďĞLJŽŶĚŝƚƐƐĐŚĞĚƵůĞĚĞdžƉŝƌĂƚŝŽŶƚŽĐŽŶƚŝŶƵĞƉƌŽǀŝĚŝŶŐƐĞƌǀŝĐĞƐƚŚĂƚĂƌĞŶŽǁĨƵŶĚĞĚďLJƚŚĞd/&͘ ^ƚĂĨĨǁŝůůĞǀĂůƵĂƚĞƚŚĞŽƉƉŽƌƚƵŶŝƚLJĨŽƌĞdžƚĞŶĚŝŶŐƚŚĞd/&ĚŝƐƚƌŝĐƚĂŶĚǁŝůůĂůƐŽďĞŐŝŶƚŚĞƉƌŽĐĞƐƐŽĨƉůĂŶŶŝŶŐĨŽƌ ŝƚƐĞdžƉŝƌĂƚŝŽŶ͘ 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ĐŽĚĞ ĂŵĞŶĚŵĞŶƚĂŶĚƉƌŽƉŽƐĞĚƉĞƌŵŝƚƉƌŽĐĞƐƐŝŶƚŚĞĨĂůůŽĨϮϬϭϲ͘ ĐƚŝŽŶ/ƚĞŵ͗^ƚƵĚLJƌĞƐŝĚĞŶƚŝĂůĂŶĚĐŽŵŵĞƌĐŝĂůŵĂƌŬĞƚĚĞŵĂŶĚ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ĞǀĞůŽƉĂƐĐŽƉĞŽĨǁŽƌŬĂŶĚŝĚĞŶƚŝĨLJĐŽŶƐƵůƚĂŶƚƐĐĂƉĂďůĞŽĨƉƌŽǀŝĚŝŶŐŝŶĨŽƌŵĂƚŝŽŶŽŶĐƵƌƌĞŶƚŚŽƵƐŝŶŐƚƌĞŶĚƐ ĂŶĚƚŚĞƉŽƚĞŶƚŝĂůĚĞŵĂŶĚĨŽƌǀĂƌŝŽƵƐŚŽƵƐŝŶŐŽƉƚŝŽŶƐŝŶƚŚĞsŝůůĂŐĞŽĨWůĂŝŶĨŝĞůĚ͘^ƚƵĚLJƚŚĞĚĞŵĂŶĚĨŽƌŽƚŚĞƌ ƐƉĞĐŝĨŝĐĐŽŵŵĞƌĐŝĂůƵƐĞƐ͕ƐƵĐŚĂƐůŝŐŚƚŝŶĚƵƐƚƌŝĂůĚĞǀĞůŽƉŵĞŶƚĂŶĚŚŽƚĞůŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚŝƐŵĂƌŬĞƚƌĞƐĞĂƌĐŚǁŝůůďĞǀĂůƵĂďůĞŝŶĞǀĂůƵĂƚŝŶŐƌĞƐŝĚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚƉƌŽƉŽƐĂůƐĂŶĚƉƵƌƐƵŝŶŐĐŽŵŵĞƌĐŝĂů ĚĞǀĞůŽƉŵĞŶƚ ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ /ƚ ŝƐ ĐŽŵŵŽŶ ĨŽƌ ĚĞǀĞůŽƉĞƌƐ ƚŽ ƉƌĞƐĞŶƚĂŵĂƌŬĞƚƐƚƵĚLJƚŽƐƵƉƉŽƌƚƚŚĞŝƌŽǁŶ ĚĞǀĞůŽƉŵĞŶƚƉƌŽƉŽƐĂů͘dŚĞƐĞƐƚƵĚŝĞƐĂƌĞůŝŵŝƚĞĚŝŶƐĐŽƉĞĂŶĚƚŝĞĚƚŽĂƐƉĞĐŝĨŝĐůŽĐĂƚŝŽŶ͘^ƚĂĨĨďĞůŝĞǀĞƐŝƚǁŽƵůĚ ďĞǁŽƌƚŚǁŚŝůĞƚŽƉƌĞƉĂƌĞĂĐŽŵƉƌĞŚĞŶƐŝǀĞŚŽƵƐŝŶŐŵĂƌŬĞƚĂŶĂůLJƐŝƐƚŽŝĚĞŶƚŝĨLJŚŽƵƐŝŶŐŵĂƌŬĞƚƚƌĞŶĚƐĂŶĚƚŚĞ ƚLJƉĞƐŽĨŚŽƵƐŝŶŐƚŚĂƚǁŝůůďĞŝŶĚĞŵĂŶĚĂŶĚŚŽǁƚŚĞLJĐĂŶďĞĂĐĐŽŵŵŽĚĂƚĞĚŝŶƚŚĞsŝůůĂŐĞŽĨWůĂŝŶĨŝĞůĚ͘ /ŶƵŐƵƐƚŽĨϮϬϭϲ͕^ƚĂĨĨƌĞĐĞŝǀĞĚĨĞĞĚďĂĐŬĨƌŽŵƚŚĞsŝůůĂŐĞŽĂƌĚƚŚĂƚ^&ƌŝĞĚŵĂŶ͛ƐƉƌŽƉŽƐĂůĨŽƌĂŚŽƵƐŝŶŐ ŵĂƌŬĞƚƐƚƵĚLJǁĂƐƉƌĞŵĂƚƵƌĞ͘'ŝǀĞŶƚŚĞĂĚĚŝƚŝŽŶĂůƉůĂŶŶŝŶŐĂŶĚĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƌĞƐŽƵƌĐĞƐƚŚĂƚĂƌĞ ĂǀĂŝůĂďůĞ ƚŽ ƚŚĞ WůĂŶŶŝŶŐ ĞƉĂƌƚŵĞŶƚ͕ ^ƚĂĨĨ ŝŶƚĞŶĚƐ ƚŽ ĂĐƚŝǀĞůLJ ŵŽŶŝƚŽƌ ƚŚĞ ƌĞŐŝŽŶĂů ŚŽƵƐŝŶŐ ŵĂƌŬĞƚ ĂŶĚ ĞĐŽŶŽŵLJƚŽŝĚĞŶƚŝĨLJƚƌĞŶĚƐƚŚĂƚŵĂLJŝŶĨůƵĞŶĐĞŚŽƵƐŝŶŐŶĞĞĚƐůŽĐĂůůLJ͘ 41 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϭϳ ĐƚŝŽŶ/ƚĞŵ͗tŽƌŬǁŝƚŚƚŚĞĚĞǀĞůŽƉĞƌƐŽĨWƌĂŝƌŝĞƌĞĞŬĂŶĚƚŚĞŽƵůĞǀĂƌĚŽŶƵŶŝĨŝĞĚĚĞƐŝŐŶǀŝƐŝŽŶƐ ĨŽƌďŽƚŚĚĞǀĞůŽƉŵĞŶƚƐ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ĞǀĞůŽƉ ŵĂƌŬĞƚŝŶŐ ŵĂƚĞƌŝĂůƐ ĂŶĚ ŝĚĞŶƚŝĨLJ ƚĂƌŐĞƚĞĚ ƌĞƚĂŝů ďƵƐŝŶĞƐƐĞƐ ƚŽ ƉƵƌƐƵĞ ƌĞĐƌƵŝƚŵĞŶƚ ĞĨĨŽƌƚƐ͘ ,ŽƐƚ Ă ĚĞǀĞůŽƉŵĞŶƚƐŚŽǁĐĂƐĞŝŶ^ĞƉƚĞŵďĞƌϮϬϭϲƚŽŚŝŐŚůŝŐŚƚŬĞLJĚĞǀĞůŽƉŵĞŶƚŽƉƉŽƌƚƵŶŝƚŝĞƐŝŶƚŚĞsŝůůĂŐĞ͕ŝŶĐůƵĚŝŶŐ ƚŚĞŽƵůĞǀĂƌĚĂŶĚWƌĂŝƌŝĞƌĞĞŬƐŝƚĞƐ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚĞsŝůůĂŐĞĐŽŶƚŝŶƵĞƐƚŽĨŽĐƵƐŽŶĨŝŶĚŝŶŐĐŽŵŵĞƌĐŝĂůĞŶĚͲƵƐĞƌƐĨŽƌƚŚĞWƌĂŝƌŝĞƌĞĞŬĂŶĚŽƵůĞǀĂƌĚƐŝƚĞƐ͘dŚĞ ůŝƚŝŐĂƚŝŽŶ ďĞƚǁĞĞŶ ƚŚĞ ƉĂƌƚŶĞƌƐ Ăƚ ƚŚĞ ŽƵůĞǀĂƌĚ ƐŝƚĞ ŚĂƐ ďĞĞŶƌĞƐŽůǀĞĚĂŶĚ^ƚĂĨĨŝƐǁŽƌŬŝŶŐǁŝƚŚƐĞǀĞƌĂů ĐŽŵŵĞƌĐŝĂůƵƐĞƌƐǁŚŽŚĂǀĞĂŶŝŶƚĞƌĞƐƚŝŶŽƉĞŶŝŶŐƐƚŽƌĞƐĂƚƚŚĞƐƵďũĞĐƚƐŝƚĞ͘/ŶĂĚĚŝƚŝŽŶ͕^ƚĂĨĨŝƐǁŽƌŬŝŶŐǁŝƚŚĂŶ 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ĞĨĨŽƌƚƐ͘^ƚĂĨĨŝƐĂůƐŽƉƌŽǀŝĚŝŶŐŐƵŝĚĂŶĐĞƌĞŐĂƌĚŝŶŐůŽƚƐŝnjŝŶŐĂŶĚƐƵďĚŝǀŝƐŝŽŶƐƚƌĂƚĞŐŝĞƐƚŽĐƌĞĂƚĞŵƵůƚŝƉůĞŽƵƚůŽƚƐ ǁŝƚŚZŽƵƚĞϱϵĨƌŽŶƚĂŐĞƚŽĨĂĐŝůŝƚĂƚĞĚĞǀĞůŽƉĞƌŝŶƚĞƌĞƐƚ͘ ĐƚŝŽŶ/ƚĞŵƐ͗ tŽƌŬŽŶĐƌĞĂƚŝŶŐĂƐĞƚŽĨŐƵŝĚĞůŝŶĞƐĨŽƌĚƌŝǀĞͲƚŚƌŽƵŐŚƐǁŚĞŶƚŚĞLJĂƌĞĂĚũĂĐĞŶƚƚŽ ƌĞƐŝĚĞŶƚŝĂůŶĞŝŐŚďŽƌŚŽŽĚƐ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ WƌĞƐĞŶƚƚŚĞŐƵŝĚĞůŝŶĞƐƚŽƚŚĞsŝůůĂŐĞŽĂƌĚĨŽƌĐŽŶƐŝĚĞƌĂƚŝŽŶ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ ^ƚĂĨĨŝƐǁŽƌŬŝŶŐŽŶĂƐĞƌŝĞƐŽĨĞƐŝŐŶ'ƵŝĚĞůŝŶĞƐĨŽƌĚƌŝǀĞͲƚŚƌŽƵŐŚůĂŶĞƐƚŚĂƚǁŝůůŵŝƚŝŐĂƚĞƚŚĞŝŵƉĂĐƚƚŚĂƚ ĚƌŝǀĞͲƚŚƌŽƵŐŚ ůĂŶĞƐ ŚĂǀĞ ŽŶ ĂĚũĂĐĞŶƚ ƌĞƐŝĚĞŶƚŝĂů ŶĞŝŐŚďŽƌŚŽŽĚƐ͘ tŝƚŚ ƐŽ ŵĂŶLJ ƐƵďĚŝǀŝƐŝŽŶƐ ĂĚũĂĐĞŶƚ ƚŽ ĐŽŵŵĞƌĐŝĂůƐŝƚĞƐ͕ŝƚŝƐŝŵƉŽƌƚĂŶƚƚŽĞŶƐƵƌĞƚŚĂƚĐŽŵŵĞƌĐŝĂůĚĞǀĞůŽƉŵĞŶƚĚŽĞƐŶŽƚŚĂǀĞĂŶLJŶĞŐĂƚŝǀĞŝŵƉĂĐƚŽŶ ĂĚũĂĐĞŶƚŚŽŵĞƐ͘dŚƌŽƵŐŚĞdžƚĞŶƐŝǀĞůĂŶĚƐĐĂƉŝŶŐĂŶĚƉƌŽƉĞƌƐŽƵŶĚͲĞŶŐŝŶĞĞƌŝŶŐ͕^ƚĂĨĨŝƐĞƐƚĂďůŝƐŚŝŶŐĂŵŝŶŝŵƵŵ ƐĞƚŽĨĚĞƐŝŐŶƐƚĂŶĚĂƌĚƐƚŚĂƚǁŝůůŵŝŶŝŵŝnjĞƚŚĞŝŵƉĂĐƚŽĨƚŚĞƐĞĐŽŵŵĞƌĐŝĂůƵƐĞƐŽŶƌĞƐŝĚĞŶƚŝĂůĂƌĞĂƐ͘ 42 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϭϴ ^ƚĂĨĨĚŝƐĐƵƐƐĞĚĂďƵĨĨĞƌŽĨϭϱϬĨĞĞƚďĞƚǁĞĞŶĐŽŵŵĞƌĐŝĂůĚƌŝǀĞͲƚŚƌŽƵŐŚƐĂŶĚƌĞƐŝĚĞŶĐĞƐǁŝƚŚƚŚĞsŝůůĂŐĞŽĂƌĚ͘ ĂƐĞĚ ŽŶ ƚŚĞ sŝůůĂŐĞ ŽĂƌĚ͛Ɛ ŝŶƉƵƚ͕ ^ƚĂĨĨ ŝƐ ŝŶǀĞƐƚŝŐĂƚŝŶŐ ǁŚĞƚŚĞƌ Ă ďƵĨĨĞƌ ŽĨ ϭϱϬ Žƌ ϮϬϬ ĨĞĞƚ ŝƐ ŵŽƌĞ ĂƉƉƌŽƉƌŝĂƚĞ͘ dŚŝƐ ƚŽƉŝĐ ǁĂƐ ĚŝƐĐƵƐƐĞĚ Ăƚ Ă ũŽŝŶƚ ŽŵŵŝƚƚĞĞ ŽĨ ƚŚĞ tŚŽůĞ tŽƌŬƐŚŽƉ͖ ƚŚĞ ĐŽŶƐĞŶƐƵƐ ǁĂƐ ƚŽ ĞƐƚĂďůŝƐŚ ŐƵŝĚĞůŝŶĞƐĨŽƌĚƌŝǀĞͲƚŚƌŽƵŐŚǁŝŶĚŽǁŽƉĞƌĂƚŝŽŶƐ͘dŚĞŐƵŝĚĞůŝŶĞƐǁŝůůďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽĂĐŽŵƉƌĞŚĞŶƐŝǀĞƐĞƚ ŽĨnjŽŶŝŶŐĐŽĚĞĂŵĞŶĚŵĞŶƚƐ͘ ĐƚŝŽŶ/ƚĞŵƐ͗hƉĚĂƚĞƚŚĞƵƐŝŶĞƐƐWůĂŶǁŝƚŚĂŶĞǁŝŶĐĞŶƚŝǀĞƉŽůŝĐLJ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ĞǀĞůŽƉĂŶƵƉĚĂƚĞĚŝŶĐĞŶƚŝǀĞƉŽůŝĐLJƚŚĂƚŝĚĞŶƚŝĨŝĞƐĂůůŽĨƚŚĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƚŽŽůƐĂǀĂŝůĂďůĞƚŽĂƚƚƌĂĐƚ ĂŶĚƌĞƚĂŝŶďƵƐŝŶĞƐƐĞƐĂŶĚĞƐƚĂďůŝƐŚĐƌŝƚĞƌŝĂĨŽƌŚŽǁĂŶĚǁŚĞŶƚŚĞƐĞŝŶĐĞŶƚŝǀĞƐĐĂŶďĞŝŵƉůĞŵĞŶƚĞĚ͘,ĂǀĞƚŚĞ ĚǀŝƐŽƌLJdĂƐŬ&ŽƌĐĞŽŶ ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚƌĞǀŝĞǁƚŚĞƉŽůŝĐLJĂŶĚƉƌŽǀŝĚĞŝŶƉƵƚƉƌŝŽƌƚŽĐŽŶƐŝĚĞƌĂƚŝŽŶďLJ ƚŚĞsŝůůĂŐĞŽĂƌĚ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ ^ƚĂĨĨƉƌĞǀŝŽƵƐůLJĚĞǀĞůŽƉĞĚĂŶ ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ/ŶĐĞŶƚŝǀĞWŽůŝĐLJǁŚŝĐŚǁĂƐŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽƚŚĞsŝůůĂŐĞƐ ƵƐŝŶĞƐƐWůĂŶ͘tŝƚŚƚŚĞŚŝƌŝŶŐŽĨƚŚĞsŝůůĂŐĞ͛ƐŶĞǁ ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ^ƉĞĐŝĂůŝƐƚ͕^ƚĂĨĨŚĂƐŝŶŝƚŝĂƚĞĚĞĨĨŽƌƚƐ 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ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͘ĂƐĞĚŽŶƚŚŝƐĨĂĐƚ͕ĂŶĞǁƐLJƐƚĞŵŽĨŝŵƉĂĐƚĨĞĞƐǁŽƵůĚďĞďĂƐĞĚŽŶƚŚĞĂĐƌĞĂŐĞŽĨĂƉƌŽƉŽƐĞĚ ĚĞǀĞůŽƉŵĞŶƚŵƵůƚŝƉůŝĞĚďLJƚŚĞƉƌŽƉŽƐĞĚŐƌŽƐƐĚĞŶƐŝƚLJŽĨĂƉƌŽƉĞƌƚLJ͘ĞǀĞůŽƉŵĞŶƚƐǁŝƚŚĂŚŝŐŚĞƌŐƌŽƐƐĚĞŶƐŝƚLJ ǁŽƵůĚƉĂLJĂŚŝŐŚĞƌŝŵƉĂĐƚĨĞĞƉĞƌĂĐƌĞ͘dŚŝƐƚLJƉĞŽĨŝŵƉĂĐƚĨĞĞƐĐŚĞĚƵůĞǁŽƵůĚŚĂǀĞƚŚĞĂĚĚĞĚďĞŶĞĨŝƚŽĨ ƉƌŽǀŝĚŝŶŐĂŶĞĐŽŶŽŵŝĐŝŶĐĞŶƚŝǀĞƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚĐŽŵŵƵŶŝƚLJŝŶƐĞĞŬŝŶŐƌĞůĂƚŝǀĞůLJůŽǁĚĞŶƐŝƚLJĚĞǀĞůŽƉŵĞŶƚ ƚŽŵŝŶŝŵŝnjĞƚŚĞĂŵŽƵŶƚŽĨŝŵƉĂĐƚĨĞĞƐŽǁĞĚ͘ ƐƉĂƌƚŽĨƚŚĞƵƉĚĂƚĞĚƵƐŝŶĞƐƐWůĂŶ͕^ƚĂĨĨŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞWůĂŝŶĨŝĞůĚ^ĐŚŽŽůŝƐƚƌŝĐƚŽŶĂŶĞǁŝŵƉĂĐƚĨĞĞ ƐƚƌƵĐƚƵƌĞ͘^ƚĂĨĨŵĞƚǁŝƚŚŝƐƚƌŝĐƚϮϬϮƚŽĚŝƐĐƵƐƐƚŚĞĐƵƌƌĞŶƚůĂŶĚͬĐĂƐŚǀĂůƵĞĂŶĚĨĂĐŝůŝƚŝĞƐŝŵƉĂĐƚĨĞĞƐ͘^ƚĂĨĨŚĂƐĂ ďĞƚƚĞƌƵŶĚĞƌƐƚĂŶĚŝŶŐŽĨƚŚĞŝƌƉŽƐŝƚŝŽŶĂŶĚŚŽǁƚŚĞĐƵƌƌĞŶƚĨĞĞƐƚƌƵĐƚƵƌĞĂŶĚŵĂŐŶŝƚƵĚĞŽĨŶĞǁŚŽŵĞƐƚĂƌƚƐ43 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϭϵ ĂĨĨĞĐƚƐŝƐƚƌŝĐƚϮϬϮ͘^ƚĂĨĨǁŝůůĐŽŶƚŝŶƵĞƚŽĐŽŽƌĚŝŶĂƚĞǁŝƚŚŝƐƚƌŝĐƚϮϬϮŽŶĂůƚĞƌŶĂƚŝǀĞƐƚŚĂƚŝŶĐŽƌƉŽƌĂƚĞĂŶ ĞƋƵŝƚĂďůĞůĂŶĚͬĐĂƐŚǀĂůƵĞǁŚŝůĞŵŝŶŝŵŝnjŝŶŐŝŵƉĂĐƚƐƚŽƚŚĞĚŝƐƚƌŝĐƚ͘^ƚĂĨĨǁŝůůĂůƐŽĐŽŽƌĚŝŶĂƚĞǁŝƚŚŽƚŚĞƌƵŶŝƚƐŽĨ ŐŽǀĞƌŶŵĞŶƚƚŚĂƚǁŽƵůĚďĞĂĨĨĞĐƚĞĚďLJĐŚĂŶŐĞƐƚŽƚŚĞůĂŶĚͬĐĂƐŚǀĂůƵĞ͕ŝŶĐůƵĚŝŶŐŝƐƚƌŝĐƚϯϬϴ͕ƚŚĞWůĂŝŶĨŝĞůĚWĂƌŬ ŝƐƚƌŝĐƚ͕ĂŶĚƚŚĞKƐǁĞŐŽůĂŶĚWĂƌŬŝƐƚƌŝĐƚ͘ ĐƚŝŽŶ/ƚĞŵ͗ZĞǀŝƐĞƚŚĞsŝůůĂŐĞ͛Ɛ^ŝƚĞWůĂŶZĞǀŝĞǁKƌĚŝŶĂŶĐĞ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ WƌĞƐĞŶƚƚŚĞ^ŝƚĞWůĂŶZĞǀŝĞǁKƌĚŝŶĂŶĐĞƚŽƚŚĞsŝůůĂŐĞŽĂƌĚĨŽƌĐŽŶƐŝĚĞƌĂƚŝŽŶ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ /ŶƚŚĞsŝůůĂŐĞ͛ƐĐŽŶƚŝŶƵŝŶŐĞĨĨŽƌƚƚŽŵĂŬĞWůĂŝŶĨŝĞůĚŵŽƌĞďƵƐŝŶĞƐƐͲĨƌŝĞŶĚůLJ͕^ƚĂĨĨŚĂƐŝĚĞŶƚŝĨŝĞĚĂŶŽƉƉŽƌƚƵŶŝƚLJ ƚŽƐƚƌĞĂŵůŝŶĞƚŚĞsŝůůĂŐĞ͛Ɛ^ŝƚĞWůĂŶZĞǀŝĞǁKƌĚŝŶĂŶĐĞǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐŽƵƌĐŽŵŵĞƌĐŝĂůĂŶĚŝŶĚƵƐƚƌŝĂůĚĞƐŝŐŶ ƐƚĂŶĚĂƌĚƐ͘^ŝŵƉůŝĨLJŝŶŐĂŶĚĐŽŶƐŽůŝĚĂƚŝŶŐƚŚĞŽƌĚŝŶĂŶĐĞĂŶĚƵƐŝŶŐŵŽƌĞŐƌĂƉŚŝĐƐŝŶƚŚĞĚŽĐƵŵĞŶƚǁŽƵůĚŵĂŬĞ ƚŚĞsŝůůĂŐĞ͛ƐĐƵƌƌĞŶƚŽƌĚŝŶĂŶĐĞƐŵŽƌĞďƵƐŝŶĞƐƐͲĨƌŝĞŶĚůLJ͘/ŶĂĚĚŝƚŝŽŶ͕^ƚĂĨĨǁŽƵůĚůŝŬĞƚŽƐŝŵƉůŝĨLJƚŚĞůĂŶĚƐĐĂƉĞ ƐĞĐƚŝŽŶŽĨƚŚĞŽƌĚŝŶĂŶĐĞƚŽŵĂŬĞŝƚŵŽƌĞƵƐĞƌͲĨƌŝĞŶĚůLJĨŽƌƚŚĞĚĞǀĞůŽƉŵĞŶƚĐŽŵŵƵŶŝƚLJ͘ ŶĞǁ͕ƐƚƌĞĂŵůŝŶĞĚ^ŝƚĞWůĂŶZĞǀŝĞǁKƌĚŝŶĂŶĐĞǁĂƐƌĞǀŝĞǁĞĚďLJƚŚĞsŝůůĂŐĞŽĂƌĚĂƚĂƌĞĐĞŶƚŽŵŵŝƚƚĞĞŽĨ tŚŽůĞtŽƌŬƐŚŽƉ͘dŚĞĐƵƌƌĞŶƚŽƌĚŝŶĂŶĐĞǁĂƐĐŽŶƐŽůŝĚĂƚĞĚĨƌŽŵϮϵƚŽϴƉĂŐĞƐĂŶĚŝŶĐŽƌƉŽƌĂƚĞƐŝůůƵƐƚƌĂƚŝŽŶƐƚŽ 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ĐƚŝŽŶ/ƚĞŵ͗WƌŽŵŽƚĞƌĞĐƌĞĂƚŝŽŶŽƉƉŽƌƚƵŶŝƚŝĞƐŝŶĐůƵĚŝŶŐƉĂƌŬƐĂŶĚƚƌĂŝůƐ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ŽůůĂďŽƌĂƚĞǁŝƚŚƚŚĞWůĂŝŶĨŝĞůĚWĂƌŬŝƐƚƌŝĐƚĂŶĚ&ŽƌĞƐƚWƌĞƐĞƌǀĞŝƐƚƌŝĐƚŽĨtŝůůŽƵŶƚLJƚŽƉƌŽŵŽƚĞƚŚĞĞdžŝƐƚŝŶŐ ŽƉĞŶƐƉĂĐĞĂŶĚƌĞĐƌĞĂƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚŝĞƐŝŶƚŚĞsŝůůĂŐĞĂŶĚƉůĂŶĨŽƌĂĚĚŝƚŝŽŶĂůƚƌĂŝůƐ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚĞsŝůůĂŐĞŝƐĨŽƌƚƵŶĂƚĞƚŽŚĂǀĞĞdžƚĞŶƐŝǀĞƉĂƌŬƐĂŶĚŶĂƚƵƌĂůĂƌĞĂƐƚŽƉƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌ ƌĞƐŝĚĞŶƚƐ͘ džĂŵƉůĞƐ ŝŶĐůƵĚĞ >ĂŬĞ ZĞŶǁŝĐŬ ,ĞƌŽŶ ZŽŽŬĞƌLJ EĂƚƵƌĞ WƌĞƐĞƌǀĞ͕ DĂƚŚĞƌ tŽŽĚƐ͕ ZĞŶǁŝĐŬ WĂƌŬ͕ ^ĞƚƚůĞƌƐ͛WĂƌŬ͕EŽƌƚŚǁĞƐƚŽŵŵƵŶŝƚLJWĂƌŬ͕ĂŶĚƚŚĞŵĂŶLJŶĞŝŐŚďŽƌŚŽŽĚƉĂƌŬƐŵĂŝŶƚĂŝŶĞĚďLJƚŚĞWĂƌŬŝƐƚƌŝĐƚ͘ ^ƚĂĨĨŝƐĐŽŽƌĚŝŶĂƚŝŶŐǁŝƚŚƚŚĞ&ŽƌĞƐƚWƌĞƐĞƌǀĞŝƐƚƌŝĐƚŽĨtŝůůŽƵŶƚLJƌĞŐĂƌĚŝŶŐƚŚĞŝƐƚƌŝĐƚ͛ƐŝŶƚĞƌĞƐƚŝŶĞdžƚĞŶĚŝŶŐ ƚŚĞƌĞŐŝŽŶĂůEŽƌŵĂŶƚŽǁŶdƌĂŝů͕ŝŶƚŽƚŚĞsŝůůĂŐĞ͕ĂůŽŶŐEŽƌŵĂŶƚŽǁŶZŽĂĚ͘dŚŝƐĐŽŶĐĞƉƚǁĂƐƉƌĞƐĞŶƚĞĚĂƚĂ ŽŵŵŝƚƚĞĞ ŽĨ ƚŚĞtŚŽůĞtŽƌŬƐŚŽƉ ŝŶ :ƵůLJϮϬϭϲ͘dŚĞ sŝůůĂŐĞ ŽĂƌĚ ĞdžƉƌĞƐƐĞĚ ƐƵƉƉŽƌƚ ƉĞŶĚŝŶŐ ĂĚĚŝƚŝŽŶĂů ŽƵƚƌĞĂĐŚƚŽĂĨĨĞĐƚĞĚƌĞƐŝĚĞŶƚƐ͘^ƚĂĨĨŚĞůĚĂĐŽŵŵƵŶŝƚLJŽƵƚƌĞĂĐŚŵĞĞƚŝŶŐŝŶůĂƚĞƵŐƵƐƚ͖ĂůůŽĨƚŚĞŚŽƵƐĞŚŽůĚƐŝŶ ƚŚĞ ĞŶƚƵƌLJdƌĂĐĞ ƐƵďĚŝǀŝƐŝŽŶ ǁĞƌĞ ŝŶǀŝƚĞĚƚŽ ĂƚƚĞŶĚ͘dŚĞƌĞ ǁĂƐŶŽƌĞƐŝĚĞŶƚŽƉƉŽƐŝƚŝŽŶ͘^ƚĂĨĨŝƐĐƵƌƌĞŶƚůLJ ǁŽƌŬŝŶŐ ǁŝƚŚ ƚŚĞ &ŽƌĞƐƚ WƌĞƐĞƌǀĞ ŝƐƚƌŝĐƚ ŽŶ ƚŚĞ ƚĞƌŵƐ ŽĨ ĂŶ ŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ĂŐƌĞĞŵĞŶƚ ƚŽ ƉƵƌƐƵĞ ŝŵƉůĞŵĞŶƚĂƚŝŽŶ͘ 45 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϮϭ ĐƚŝŽŶ/ƚĞŵ͗ƌĞĂƚĞĂŶĞǁĚĞƐŝŐŶĨŽƌĂtĂƌDĞŵŽƌŝĂůWůĂnjĂĂƚͬƌĞĨƌĞƐŚ^ĞƚƚůĞƌƐ͛WĂƌŬ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ĐŚŝĞǀĞ ĨŝŶĂů ĐŽŵƉůĞƚŝŽŶ ŽĨ ƚŚĞ tĂƌ DĞŵŽƌŝĂů WůĂnjĂ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂŶĚ ^ĞƚƚůĞƌƐ͛ WĂƌŬ ůĂŶĚƐĐĂƉŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐ͘/ŶĐŽƌƉŽƌĂƚĞƚŚĞƌĞŐƵůĂƌŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞƐĞĂƌĞĂƐŝŶƚŽŽƵƌǁŽƌŬƐĐŚĞĚƵůĞ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ ^ƚĂĨĨĐŽŶƚŝŶƵĞƐƚŽǁŽƌŬǁŝƚŚĂĐŽŵŵŝƚƚĞĞŽĨǀŽůƵŶƚĞĞƌƐƚŽƐƵƉƉŽƌƚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂDĞŵŽƌŝĂůWůĂnjĂŝŶ ^ĞƚƚůĞƌƐ͛WĂƌŬ͘dŚŝƐƉůĂnjĂǁŽƵůĚďĞĐŽŵĞƚŚĞƉĞƌŵĂŶĞŶƚŚŽŵĞŽĨƚŚĞĞdžŝƐƚŝŶŐ͞sĞƚĞƌĂŶƐ͟DĞŵŽƌŝĂůůŽĐĂƚĞĚŽŶ ZŽƵƚĞϱϵĂŶĚƚŚĞ͞&ƌĞĞĚŽŵdƌŝďƵƚĞDĞŵŽƌŝĂů͟ƚŚĂƚǁĂƐůŽĐĂƚĞĚĂƚWůĂŝŶĨŝĞůĚĞŶƚƌĂů,ŝŐŚ^ĐŚŽŽů͘^ƚĂĨĨŝƐĂůƐŽ ǁŽƌŬŝŶŐŽŶĂŶĂĐĐĞƉƚĂŶĐĞƉŽůŝĐLJĨŽƌĨƵƚƵƌĞŵĞŵŽƌŝĂůƐ͘ KŶDĂLJϮϬ͕ϮϬϭϱ͕ƚŚĞ͞&ƌĞĞĚŽŵdƌŝďƵƚĞ͟DĞŵŽƌŝĂůĂŶĚƚŚĞ͞sĞƚĞƌĂŶƐ͟DĞŵŽƌŝĂůǁĞƌĞďŽƚŚƌĞůŽĐĂƚĞĚƚŽ ^ĞƚƚůĞƌƐ͛WĂƌŬ͘dŚĞsŝůůĂŐĞĐŽŶƚŝŶƵĞƐƚŽǁŽƌŬǁŝƚŚďŽƚŚǀŽůƵŶƚĞĞƌ ĐŽŵŵŝƚƚĞĞƐ 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ƐŝƚĞƐŝŶĐůƵĚĞƚŚĞĞƐWůĂŝŶĞƐ^ƚƌĞĞƚƉĂƌŬŝŶŐůŽƚ͕>ŝďƌĂƌLJƉĂƌŬŝŶŐůŽƚ͕ŽƌsŝůůĂŐĞ,ĂůůƉĂƌŬŝŶŐůŽƚ͘ ^ƚĂĨĨǁŽƵůĚĂůƐŽůŝŬĞƚŽĞdžƉůŽƌĞƚŚĞƉŽƐƐŝďŝůŝƚLJŽĨĂĚĚŝŶŐ&ŽŽĚdƌƵĐŬƐƚŽƚŚĞŵĂƌŬĞƚƚŽĐƌĞĂƚĞĂǀŝďƌĂŶƚĨŽŽĚ ŵĂƌŬĞƚĨŽƌƚŚĞĐŽŵŵƵŶŝƚLJ͘dŚĞƌĞŚĂƐďĞĞŶĂŶĞdžƉůŽƐŝŽŶŝŶŝŶƚĞƌĞƐƚŝŶůŽĐĂůůLJŐƌŽǁŶĨŽŽĚĂŶĚĨŽŽĚƚƌƵĐŬƐ͘47 EĞǁƵƉĚĂƚĞƐĂƌĞŶŽƚĞĚŝŶƌĞĚ͘WĂŐĞͮϮϯ ǀŝďƌĂŶƚ &ĂƌŵĞƌƐ DĂƌŬĞƚ ƉƌŽǀŝĚĞƐ ƚŚĞ ŽƉƉŽƌƚƵŶŝƚLJ ƚŽ ďƌŝŶŐ ŵŽƌĞ ƉĞŽƉůĞ ŽǁŶƚŽǁŶ ĂŶĚ ĐƌĞĂƚĞ ĂĚĚŝƚŝŽŶĂů ŝŶƚĞƌĞƐƚŝŶŽƵƌŽǁŶƚŽǁŶ͘ ĐƚŝŽŶ/ƚĞŵ͗tŽƌŬǁŝƚŚƚŚĞ,ŽŵĞŽǁŶĞƌƐƐƐŽĐŝĂƚŝŽŶƐ͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ^ŚĂƌĞŝŶĨŽƌŵĂƚŝŽŶǁŝƚŚ,ŽŵĞŽǁŶĞƌƐƐƐŽĐŝĂƚŝŽŶƐĂƐƉƌŽũĞĐƚƐŽĐĐƵƌŝŶƚŚĞŝƌƐƵďĚŝǀŝƐŝŽŶƐ͘ƚƚĞŶĚ,KŵĞĞƚŝŶŐƐ ĂƐƌĞƋƵĞƐƚĞĚ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ ƐƉĂƌƚŽĨƚŚĞsŝůůĂŐĞ͛ƐĐŽŶƚŝŶƵŝŶŐĐŽŵŵŝƚŵĞŶƚƚŽƌĞĂĐŚŽƵƚƚŽƚŚĞǀĂƌŝŽƵƐŚŽŵĞŽǁŶĞƌƐĂƐƐŽĐŝĂƚŝŽŶƐ͕ŝŶϮϬϭϰ͕ ƚŚĞsŝůůĂŐĞŚĞůĚĂŵĞĞƚŝŶŐĨŽƌŚŽŵĞŽǁŶĞƌƐ͛ĂƐƐŽĐŝĂƚŝŽŶƉƌĞƐŝĚĞŶƚƐĂŶĚǀŝĐĞͲƉƌĞƐŝĚĞŶƚƐ͘^ƚĂĨĨƉƌŽǀŝĚĞĚƵƉĚĂƚĞƐ ŽŶĂŶƵŵďĞƌŽĨƚŽƉŝĐƐĂŶĚĂŶƐǁĞƌĞĚƌĞƐŝĚĞŶƚƋƵĞƐƚŝŽŶƐ͘^ƚĂĨĨĂůƐŽĂƚƚĞŶĚĞĚĂŶƵŵďĞƌŽĨĂƐƐŽĐŝĂƚŝŽŶŵĞĞƚŝŶŐƐ ƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ͘ ^ƚĂĨĨǁŝůůĐŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚƚŚĞǀĂƌŝŽƵƐĂƐƐŽĐŝĂƚŝŽŶƐƚŚƌŽƵŐŚŽƵƚƚŚĞsŝůůĂŐĞƚŽŵĂdžŝŵŝnjĞĐŽŵŵƵŶŝĐĂƚŝŽŶ ďĞƚǁĞĞŶƚŚĞsŝůůĂŐĞĂŶĚƌĞƐŝĚĞŶƚƐ͘dŚĞsŝůůĂŐĞǁŝůůĐŽŶƚŝŶƵĞƚŽĂƚƚĞŶĚ,KŵĞĞƚŝŶŐƐĂƐƌĞƋƵĞƐƚĞĚ͘ dŚĞsŝůůĂŐĞŚĞůĚĂ^ƚƌĂƚĞŐŝĐWůĂŶŶŝŶŐŽŵŵƵŶŝƚLJ&ŽƌƵŵŽŶDĂLJϰƚŽŚĞĂƌŝŶƉƵƚĂŶĚĨĞĞĚďĂĐŬĨƌŽŵƌĞƐŝĚĞŶƚƐ ĂŶĚƚŽŚĞůƉĚĞǀĞůŽƉĂŶĞǁϮϬϮϭ^ƚƌĂƚĞŐŝĐWůĂŶ͘ sŝůůĂŐĞ^ƚĂĨĨŚĂƐďĞĞŶŝŶǀŝƚĞĚƚŽĂƚƚĞŶĚĂŶĚƉƌĞƐĞŶƚĂƚĂũŽŝŶƚŵĞĞƚŝŶŐŽĨ,KƐĨƌŽŵŵƵůƚŝƉůĞƐƵďĚŝǀŝƐŝŽŶƐŝŶ ŵŝĚͲ^ĞƉƚĞŵďĞƌ͘ ĐƚŝŽŶ/ƚĞŵ͗ŽŶƚŝŶƵĞŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůͬŝŶƚĞƌĂŐĞŶĐLJƌĞůĂƚŝŽŶƐĂƚƚŚĞ^ƚĂĨĨůĞǀĞů͘ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐĨŽƌϮϬϭϲͲϭϳ ŽŶƚŝŶƵĞƚŽǁŽƌŬĐŽŽƉĞƌĂƚŝǀĞůLJǁŝƚŚŽƚŚĞƌũƵƌŝƐĚŝĐƚŝŽŶƐŽŶƉƌŽũĞĐƚƐƚŽďĞŶĞĨŝƚƚŚĞĐŽŵŵƵŶŝƚLJ͘ WƌŽũĞĐƚ^ƵŵŵĂƌLJĂŶĚ,ŝƐƚŽƌLJ dŚĞsŝůůĂŐĞŝƐƐĞƌǀŝĐĞĚďLJƐĞǀĞŶĚŝĨĨĞƌĞŶƚƌŽĂĚĂŐĞŶĐŝĞƐ͕ĨŽƵƌĚŝĨĨĞƌĞŶƚƚŽǁŶƐŚŝƉƐ͕ƚǁŽĨŝƌĞĚŝƐƚƌŝĐƚƐ͕ƚŚƌĞĞƐĐŚŽŽů ĚŝƐƚƌŝĐƚƐ͕ƚǁŽƉĂƌŬĚŝƐƚƌŝĐƚƐ͕ĂŶĚƚǁŽůŝďƌĂƌLJĚŝƐƚƌŝĐƚƐ͘ƐĂƌĞƐƵůƚ͕ŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůƌĞůĂƚŝŽŶƐĂƌĞĂƉƌŝŽƌŝƚLJŝŶ ƉƌŽǀŝĚŝŶŐƐĞĂŵůĞƐƐƐĞƌǀŝĐĞƚŽƌĞƐŝĚĞŶƚƐ͘ dŚĞsŝůůĂŐĞŝƐƌĞƉƌĞƐĞŶƚĞĚďLJDĂLJŽƌŽůůŝŶƐĂŶĚsŝůůĂŐĞ^ƚĂĨĨŽŶƚŚĞWůĂŝŶĨŝĞůĚWĂƌŬŝƐƚƌŝĐƚ͛ƐĞůƉŚŝŽŵŵŝƚƚĞĞ͘ KŶ :ƵŶĞ ϭϱ͕ ϮϬϭϱ͕ ƚŚĞ sŝůůĂŐĞ ŽĂƌĚ 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