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Home My WebLink AboutCOUNCIL - AGENDA ITEM - 02/26/2019 - UTILITIES AND INNOSPHERE LABORATORY PARTNERSHIP PRDATE: STAFF: February 26, 2019 Jill Oropeza, Watershed Program Manager Carol Webb, Deputy Directory, Utilities Lance Smith, Utilities Strategic Finance Director WORK SESSION ITEM City Council SUBJECT FOR DISCUSSION Utilities and Innosphere Laboratory Partnership Project. EXECUTIVE SUMMARY The purpose of this work session is to discuss the terms of a Partnership with the Innosphere on the construction of a new combined laboratory facility. The City proposes to construct a new facility that will house the Utilities Water Quality Laboratory, Pollution Control Laboratory, and the Watershed Program (collectively the Water Quality Services Division). Utilities currently operates two separate laboratories which are in separate buildings and which have not been significantly renovated since the 1980s. Costs associated with construction of the new facility would be split evenly between the Water Fund and the Wastewater Fund. The proposal for a new facility stems from the completion of a laboratory master plan funded in the 2017/2018 Budgeting for Outcomes (BFO) process. Construction of a new facility is currently included in the Utilities Capital Improvement Plan at a cost of $20 million. Preliminary design of the facility is included in the 2019/2020 City Council adopted budget. The Master Plan considered several potential locations for the new facility, ultimately identifying the Drake Water Reclamation Facility (DWRF) as the preferred location. Separately, the City received a proposal to construct a new facility in partnership with the Rocky Mountain Innosphere (a high-tech incubator) on a parcel adjacent to and west of the Innosphere’s current facility, located at 320 E. Vine. A subsequent cost-benefit evaluation of these two alternatives indicated that the partnership with Innosphere offers the highest cost-benefit to the City, and also benefits the Innosphere. The expected cost of a laboratory in partnership with Innosphere based on conceptual design is $13.5M. Prior appropriations reduce the necessary future appropriations to $10.5M, with $4.25M from the Water Fund and $6.25M from the Wastewater Fund. This proposal was presented to Council Finance Committee on January 28. GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED Does Council support the proposed partnership and recommend bringing the agreements to City Council for Approval? BACKGROUND / DISCUSSION Water Quality Services Division The City currently operates two analytical laboratories; the Water Quality Laboratory (WQL) located at the Water Treatment Facility (WTF), and the Pollution Control Laboratory (PCL) located at the Drake Water Reclamation Facility (DWRF), and a Watershed Program, located in the Water Production Division main office building. These February 26, 2019 Page 2 functions operate as the Water Quality Services Division and provide critical laboratory and watershed services for Utilities customers and the community, including: • Compliance testing for safe drinking water in the water distribution system and in customer homes, including bacteriological testing, lead and copper testing, and testing for taste and odor compounds. • Accurate and timely water quality data to meet the operational, planning and management needs of the Utilities, other City Departments, and regional water services providers. • Analytical support for compliance and process optimization at the City’s two water reclamation facilities and associated programs. • Surface water quality monitoring of the Poudre River and local streams and waterbodies. • Watershed monitoring and protection services. Laboratory Master Plan While corrective and preventive maintenance of lab facilities have been performed over the years, the facilities are approaching the end of useful life and require significant refurbishment and/or replacement. Deficiencies in the Water Quality Laboratory assets were documented as early as 2010 and 2015 (in the Water Production Master Plans). Consequently, Utilities staff determined that a master plan focused specifically on the laboratory facilities was necessary to ensure that the associated assets are managed and renewed appropriately in the future and the facilities support a world-class vision going forward. Master Plan Vision and Goals The primary goals of the master plan (funded in the 2017/2018 BFO process) included: • Define the City’s world-class vision for future laboratory analytical services and work environment. • Conduct a condition assessment of the WQL and PCL. • Define future regulatory analytical requirements. • Develop feasibility level costs for each alternative of the existing facilities. • Make recommendations for a preferred alternative based on a cost – benefit analysis using the City’s triple bottom line (TBL) methodology. The project goals align with the City’s guiding “Drinking Water Quality Policy” (Resolution 93-144) which commits that “…laboratory facilities will be planned, designed, constructed, maintained, staff, and operated to assure safe, reliable, and cost-effective service to the residents of Fort Collins…” The world-class vision defined in the master plan is as follows: • Meet the International Organization for Standardization (ISO) 17025 requirements for competence of testing and calibration laboratories and achieve National Environmental Laboratory Accreditation Program (NELAP) accreditation. • Provide a minimum 30-year facility life. • Enhance laboratory workflows. • Meet or exceed health and safety requirements for Division employees and enhance the overall work environment. • Promote organizational efficiency and improve the level of service for customers. The world-class vision articulated above was the guiding principle for meeting the goals of the master plan. Existing Facility Condition A primary component of a master plan is a condition assessment of facility assets and is a key driver for constructing a new laboratory facility. The findings of the condition assessment are summarized below: • The overall building structured and building envelope are minimally sound and satisfactory to perform current functions but will require major renovation and upgrade to meet minimum requirements and future needs. February 26, 2019 Page 3 • Enhanced personnel work environments, work flow, energy code requirements, and repair and replacement needs will drive renovations. • Existing facility sites provides some capability for building expansion but are confined by roadways, utilities and adjacent process structures. • Existing facility sites do not have enough space for a combined laboratory. • Significant improvements to the existing facilities are required to maintain status quo. In addition to the condition assessment, the master plan indicated that the current lab facilities cannot meet future laboratory goals associated with ISO and NELAP certification, asset life, efficiency and workflow requirements, levels of service commitments. Alternatives Assessment Considering the findings of the condition assessment and the conclusion that the current facilities do not and cannot meet the vision for the City’s laboratories, staff developed five laboratory renovation and replacement alternatives and site locations that have the potential to meet the articulated vision. Alternatives assessed are as follows: 1. No Action Alternative. 2. Outsourcing laboratory analytical services. 3. Renovating existing or constructing new separate WQL and PCL facilities at their current locations. 4. Consolidating laboratory services in a new facility at the Water Treatment Facility, the Drake Water Reclamation Facility, or the Mulberry Water Reclamation Facility. 5. Leasing and/or renovating existing commercial space that could accommodate a consolidated laboratory facility. 6. Partnering with Innosphere to construct a combined laboratory facility on a parcel adjacent to the current Innosphere building (note that this evaluation was included in an addendum to the master plan). The project team evaluated the alternatives above utilizing non-monetary benefits criteria aligned with Triple Bottom Line Methodology to support a benefit/cost analysis. The criteria included level of outsourcing, future accreditation, facility flexibility, level of service, proximity to customers, potential sources of contamination, working environment, and disruption of service. Each alternative was scored using the non-monetary criteria to produce a total benefits score. The benefit score was then used to develop a benefit-cost score based on a conceptual level cost estimate for each alternative. The benefit scoring showed a preference for a combined laboratory at the Drake Water Reclamation Facility (new Lab at DWRF): February 26, 2019 Page 4 Following completion of the master plan, an alternative emerged to collaborate with Innosphere to construct a combined laboratory facility on a parcel west and adjacent to the current Innosphere building located at 320 E. Vine. The Innosphere option includes construction of a three story, ~ 25,500 square feet facility on a site with existing utilities infrastructure. The City would occupy the first two floors (~17,000 square feet), and Innosphere would occupy the top floor (~7,800 square feet) for startup firms with wet lab space needs. The Innosphere alternative was compared to the New Lab at DWRF. Non-monetary benefits evaluated (in addition to those listed above) included collaboration alternatives and schedule and financial advantages gained with an Innosphere partnership. The overall benefit-cost score for the Innosphere alternative was determined to be more favorable than the New Lab at DWRF. February 26, 2019 Page 5 Overall Benefit-Cost Summary Higher Total Benefit-Cost Score = Better Benefit: Cost Ratio It should be noted, that because the lab replacement alternatives were evaluated in two phases and the benefit criteria used in the two analyses differed, it was not possible to do a direct relative comparison across all the original Alternatives and the Innosphere Combined Lab. However, staff did complete a subjective comparison of the three alternatives – 1) WQL & PLC Replacement, 2) the DWRF Combined Lab and 3) the Innosphere Combined Lab. This qualitative comparison confirmed the selection of the Innosphere as having the highest cost- benefit to the City, driven primarily by the considerable cost-savings. Additional details regarding the methodology used for the side-by-side comparison (Attachment 1). Innosphere Partnership Innosphere is Colorado’s leading technology incubator accelerating the success of high-impact science and technology startup and scaleup companies. Innosphere’s mission is to: Accelerate job creation and entrepreneurship, and create long-term, regional economic impact by offering clients access to a broad network of specialized resources. This is accomplished through efficient, personalized growth strategies that streamline the entrepreneur’s path to success. Benefits for the City The City’s interest in a lab facility partnership with Innosphere is driven by several factors, including: • Leveraging a building ready site with existing infrastructure which creates cost efficiencies for building design, construction, and maintenance. • Leveraging the experience and knowledge of Innosphere’s construction contractor through Innosphere’s design build construction. • A desirable work location in downtown Fort Collins near public and private facilities that will contribute to the laboratory facility as a platform for innovation and collaboration in the community (e.g. the Museum of Discovery, the CSU Engines Lab, the Whitewater Park, City Hall, etc.). • A facility equidistant between the lab’s primary customers – the Water Treatment Facility and the DWRF. • Efficient monitoring programs that optimize sample collection routes from a central location. • Ability to advance construction of a new facility to avoid significant investments in current laboratory infrastructure (interim replacement costs estimated at ~$1.8 million; significant renovation that meets master planning goals estimated at ~$20 million). • Ability to construct a lab that meets the world-class vision for future laboratory facilities. February 26, 2019 Page 6 Benefits to Innosphere • Innosphere’s interest in a lab facility partnership with City of Fort Collins is driven by several factors, including: • Building a water innovation hub that would house City of Fort Collins Utilities operations and provide much needed wet lab space for high-impact science and technology startup companies. • Leveraging the proximity of the City utilities staff to selectively support water analytics and water quality related startup companies with access to City staff insights and experience. • Furthering the City as a Platform concept and providing a means for the Innovate Fort Collins program to have a water-related focus point. • Taking advantage of construction cost synergies to provide a more cost-effective solution for both the City and Innosphere. • Opportunity to further develop and attract economic vitality to Old Town North and specifically the Vine Drive area. Examples of Potential Collaboration Coalition for the Poudre River Watershed (CPRW). The City is a founding member and major funder of the CPRW, a current tenant at the Innosphere. The co-location of the Utilities Watershed Program, laboratories and CPRW located next to the downtown whitewater park would create an effective hub for river and watershed protection activity. Water Research Foundation. The Water Research Foundation frequently solicits proposals for water utility research in areas of emerging opportunities. Partnerships with water-focused companies housed at the Innosphere offer benefit to the City in terms of accessing new technologies to solve emerging water quality issues, and also provide a means for start-up companies to effectively compete for grant funding. Agreement Structure Given the benefits to both parties outlined above, City and Innosphere staff engaged in discussions regarding the structure and terms of an agreement. Discussions with Innosphere have culminated to date in the following tentatively agreed upon substantial terms: Term Description Tentative Agreed Upon Terms Agreement Structure Purchase and sales agreement to jointly develop a combined laboratory building and real property at 308 E. Vine Drive. City’s pro rata share is equal to 2/3 for facilities and 2/3 interest in land. Facility Design and Construction 1. Three floors and approximately 25,000 square feet of wet lab and office space and related improvements. 2. Costs split is 2/3 City and 1/3 Innosphere for land, core, and shell of building; City pays 100% of “exclusive costs” to finish its floors (e.g. higher end tenant finishes on City floors) 3. Conformance to all City design and construction standards, including LEED, energy, access, security, and technology infrastructure requirements. 4. Participation in the City’s IDAP (Integrated Design Assistance Program. 5. Utilization of Innosphere’s capital project delivery model, design team, and construction contractor with City representative participation on the project team, including an owner’s representative, laboratory design consultant, and IDAP representative. 6. Project costs include all hard and soft costs and are fixed unless the City has approved a change order. Financing 1. City pays Innosphere $400,000 following the approval of a purchase and sale agreement to assist in funding the initial design costs. This payment will be applied toward the land value and current improvements to infrastructure that are already constructed. If partnership is terminated, February 26, 2019 Page 7 payment will be refunded less real costs attributable to the City’s portion of the project. 2. Innosphere funds all other costs of design and construction, including City’s pro rata share and City exclusive costs, and excluding Owner’s rep fees. 3. The City pays the balance of the purchase price (based on 2/3 share of cost to construct) upon issuance of a Certificate of Occupancy and recording of condominium map and declaration. Parking Innosphere to enter into a perpetual agreement with adjacent landowner to the east for development of approximately 45 parking spaces. Cost share proposal is City 1/3 and Innosphere 2/3 cost of parking lot improvements. Title Closing and Documentation Costs Title Commitment and Premium for Title Insurance are proposed to be paid by the City. All other costs including condominium map and declaration, recording, and closing fees to be split 50/50. Condominium Association and Post Closing Management A third party to provide property management services for common elements via the Condo Association. A Board of Directors would reflect the City’s 2/3 ownership interest in the building and associated property. Facilities Management The City to utilize its facilities maintenance staff for its two floors and may elect to utilize front office staff in main Innosphere building for reception and mail and package receiving (dependent on facility design). All utilities to be metered separately. Purchase Option Option to purchase the top floor and remaining 1/3 land interest after 8 years at fair market value based on appraisal. Additional Details on Terms Condominium Association. The City Attorney’s Office has indicated that the proposed condominium association model is the best arrangement for independent ownership of a portion of a single structure (or multiple structures) when compared to ownership of such a structure as joint tenants with another party. Condominium ownership provides more of the control, predictability and attributes of exclusive real property ownership than a lease or lease option (providing only a right to use for specified purposes) and fewer potential complications than other forms of common ownership (such as tenants in common). Facilities and Property Management. The Innosphere currently contracts with a third party to provide property management services for common elements related to their current facility. The City will leverage this arrangement for common elements associated with the proposed facility. The City’s Operations Services Department will provide facility maintenance for the City’s individual elements of the building. Purchase Option. In early partnership discussions, the option of the City purchasing the building and leasing it back to the Innosphere was explored and eliminated due to Innosphere’s interest in retaining ownership in 1/3 of both the proposed building and the associated land. The proposed purchase and sales agreement does provide the City with the opportunity to purchase Innosphere’s 1/3 interest in 8 years, which Innosphere has articulated as adequate time to assess their facility needs. Partnership terms will specify that during the initial 8 year period of Innosphere ownership, the Innosphere may lease, but not sell, lab space on the top floor of the facility to tenants who require we lab space. Building Development Standards and Review Process. Innosphere will be the project applicant and will follow the standard development review process. The Innosphere building location does not encroach on the established river buffer zone and would continue to comply with the protection standards in section 3.4.1 of the Land Use Code. The DWRF location would require submittal of an Ecological Characterization Study (ECS) and standards would be applied including setbacks. Staff’s conversations with planning indicated that this location may be a raptor nesting area and would need to be evaluated. Staff believe the proposed terms are favorable to the City and benefit the Utilities, its ratepayers and the community. February 26, 2019 Page 8 Financial Considerations Conceptual cost estimates were developed for all evaluated alternatives and were utilized to develop the cost- benefit ratios discussed above. Following identification of the Innosphere Alternative, staff conducted a conceptual total cost analysis for varying financing options for both the DWRF location (the preferred alternative identified in the initial master plan) and the Innosphere location. A summary of the analysis is as follows: Note that costs are in 2018 dollars, are based on a conceptual design, and are intended to support evaluation of project feasibility and funding requirements in support of project planning. The Association for the Advancement of Cost Engineering (AACE) indicates that costs may vary up to 40% at the conceptual design stage. The Innosphere Partnership had a better benefit cost ratio above even though the benefits were essentially the same because of the lower expected costs. At the significantly lower cost of $13.5M compared to the $20M in the current CIP, the Innosphere Partnership will allow for consideration of paying off the lab at closing rather than issuing debt for this capital investment ahead of other anticipated debt being issued in the Water Enterprise over the next few years. Differences in Costs. As indicated above, there are significant cost differences between the two top alternatives. An analysis by staff and our consultant, CH/Jacobs, revealed the following substantive project differences that impact cost: • A one story vs. three story building (based on constraints at each site). • Cost advantages of a building site ready at Ionosphere compared to a greenfield site at DWRF. • Open parking at Innosphere vs. partially covered (DWRF) parking with garage /shop. • Cost advantages associated with the knowledge/experience of Ionosphere’s design and construction contractor that designed and constructed the current Innosphere building. • Higher level of finishes in DWRF for entrance/lobby, store front panels, mechanical equipment, vs. the Innosphere model. • Profit/Overhead budget differences between contractors. • Differences in building square footage and site development costs for each alternative, i.e., developed lot versus undeveloped site requiring infrastructure. Project Financing. The current capital improvement plan (CIP) includes the laboratory replacements at $10M in each Fund. The cost of a combined laboratory will be split evenly between the Water and Wastewater Funds with the Innosphere Partnership requiring $6.75M from each. Current Fund balances, prior appropriations and the lower expected costs allow for consideration of funding the new facility utilizing available reserves. At the end of 2018 the Water Fund has approximately $28M of available reserves and the Wastewater Fund has approximately $24M of available reserves. The 2019-2020 budgets are anticipated to add $8M to the available reserves in the Water Fund and $2M to the Wastewater Fund reserves. February 26, 2019 Page 9 In the 2017-2018 budget cycle $2.6M was appropriated for Water Quality Laboratory infrastructure and $210,000 was appropriated to develop a lab master plan for both the Water Quality Laboratory and the Pollution Control Laboratory. Once the master planning efforts indicated that a new combined laboratory was the more favorable approach of asset renewal only a minimal amount of immediate repairs have been done on the existing Water Quality Laboratory leaving approximately $2M of the $2.6M appropriated available for the new space. In the 2019-2020 budget cycle $225,000 was appropriated for repairs to the Pollution Control Laboratory to meet immediate needs and $1.0M was appropriated for the preliminary design of a new combined laboratory space. This reduces the necessary amount of future appropriations in the Water Fund down to $4.25M or $2M less than the $6.25M that would be needed from the Wastewater Fund. Rate Impacts. Because the renewal of both laboratories was included in the current CIP the rate impact of these appropriations is already considered in the rate forecasts. The tables below reflect the long term strategic financial forecasts of anticipated rate adjustments and debt issuances based on the 2017 capital improvement plan. Both the CIP and the Strategic Financial Plan will be updated in 2019. The Innosphere Partnership will allow for other capital improvements to be made based on the significantly lower expected cost based from the conceptual design. Water Fund: Wastewater Fund: February 26, 2019 Page 10 Recent Milestones • Presentation to Council Finance Committee on January 28. • Follow-up memo was provided to CFC on February 12. • City provided a cover letter, draft terms sheet, and CFC meeting minutes to Innosphere to demonstrate the City’s willingness to pursue the purchase in good faith on February 12. Next Steps If the Council approves, City staff will progress to the next steps in the City-Innosphere laboratory facility partnership, which have been identified as follows: 1. If approved to proceed, begin negotiating Purchase and Sale Agreement (substantial agreement on terms). 2. Present proposed Partnership terms to Water Board on March 21. 3. Council to consider a resolution for Purchase and Sale Agreement. 4. If approved, City pays $400,000 to RMI to assist with funding design costs. 5. Enter Project Design Period – City and Innosphere comes to agreement on Guaranteed Maximum Price based on a sufficient design level (e.g. 70% design). 6. City staff propose Appropriation from Council for remaining cost balance. 7. Construction. 8. CO/Final Purchase/Close. While a timeframe for each step is to be determined, construction is anticipated to be completed during 4th quarter 2021/1st quarter 2022. ATTACHMENTS 1. Non-Monetary Benefit Comparison for Lab Alternatives (PDF) 2. Labs Master Plan Final Report (PDF) 3. Innosphere Lab Alternative Technical Memo June 18, 2018 (PDF) 4. Water Enterprise 2017 Capital Improvement Plan (PDF) 5. Wastewater 2017 Capital Improvement Plan (PDF) 6. Powerpoint Presentation (PDF) 1 ATTACHMENT 1 Evaluation of Non-Monetary Benefit Scores for City Lab Alternatives The non-monetary benefit scores were estimated for the WQL & PCL Replacement alternative based on relative comparison and professional judgement and then compared to the actual scores for the DWRF Combined Lab and the Innosphere Combined Lab (Table 1). The rationale for assigning the criteria scores is provided in Table 2. Comparison of WQL & PCL Replacement, DWRF Combined Lab and Innosphere Combined Lab. 1 WQL & PCL Replacement benefit scores were estimated relative to DWRF & Innosphere scores. See Rationale, Table 2. 2 DWRF & Innosphere benefit scores are actual scores from alternative comparison (Innosphere Alternative Tech Memo, June 2018). The $15.3M preliminary estimate shown here is higher than the subsequent revised estimate of $13.5M from Dohn Construction, provided on September 18, 2018. * The $22.2.M number for the DWRF alternative that was presented in the CFC AIS is the $19.9M adjusted for 3 years of inflation for 2021 build year. ATTACHMENT 1 2 Table 1. Non-monetary benefit criteria scores for lab alternatives. Benefit Criteria WQL & PCL Replacement 1 DWRF Combined 2 Innosphere Combined 2 Facility Flexibility 0.79 0.79 0.47 Proximity to Customers 0.83 0.79 0.58 Site layout 0.83 0.83 0.54 Desired Work Location 0.6 0.46 0.6 Collaborative Opportunities 0.15 0.21 0.36 Schedule or Finance Advantage 0.18 0.23 0.6 Benefit 3.38 3.31 3.15 Table 2. Rationale for WQL & PCL Replacement Alternative relative ranking. Criteria Relative Ranking of WQL & PCL Replacement (Alt 3B) vs. DWRF & Innosphere Rationale for relative rank assigned to individual criteria Facility Flexibility = / + Buildings designed for new site locations will have same flexibility as DWRF combined lab Proximity to Customers + Plant sites offer the closest proximity to primary customers (treatment plants) Site layout = / + New building sites would offer options for reconfiguration and/or expansion. Desired Work Location + / = Ranked similarly to Innosphere, with a small majority of employees preferring to stay at Plant sites and others desiring to be at more central location. Score also reflects preference for remaining separate versus in a consolidated facility. Collaborative Opportunities - / - Collaborative benefit is gained by centralized facility co-located with Innosphere. Separate labs provide somewhat less opportunity as DWRF combined due to the loss of collaboration between lab groups. Schedule or Finance Advantage = / - Would be City managed capital projects, with similar expected timeline as DWRF combined lab option. 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..................................................................ϭϭ W>ŶĂůǇƟĐĂůdĞƐƟŶŐ ..................................................................ϭϭ DƵůďĞƌƌǇtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ ..............................................12 KƚŚĞƌůƚĞƌŶĂƚĞ^ĐĞŶĂƌŝŽƐ ............................................................ϭϮ KƵƚƐŽƵƌĐŝŶŐ>ĂďŽƌĂƚŽƌǇŶĂůǇƟĐĂů^ĞƌǀŝĐĞƐ .................................ϭϮ WĞĞƌ&ĂĐŝůŝƟĞƐZĞǀŝĞǁ .....................................................................13 ŝƚǇŽĨ>ŽŶŐŵŽŶƚ͕tĂƚĞƌYƵĂůŝƚǇ>ĂďŽƌĂƚŽƌǇ ...............................ϭϯ ŽůŽƌĂĚŽ^ƉƌŝŶŐƐhƟůŝƟĞƐ>ĂďŽƌĂƚŽƌŝĞƐ ................................ϭϯ WĞĞƌZĞǀŝĞǁ^ƵŵŵĂƌǇ ....................................................................13 WƌŽŐƌĂŵŵŝŶŐ ................................................................................ϭϰ &Žƌŵ&ĂĐƚŽƌƐ .........................................................................ϭϰ /^KͬE>WŽŵƉůŝĂŶĐĞ&ĞĂƚƵƌĞƐ ..........................................ϭϰ tĂƚĞƌYƵĂůŝƚǇ>ĂďŽƌĂƚŽƌǇ .....................................................ϭϱ WŽůůƵƟŽŶŽŶƚƌŽů>ĂďŽƌĂƚŽƌǇ ................................................ϭϱ tĂƚĞƌYƵĂůŝƚǇΘWŽůůƵƟŽŶŽŶƚƌŽů>ĂďŽƌĂƚŽƌǇ .....................ϭϱ Site Analysis & Prototype Concepts Test Fit ....................................16 ^ŝƚĞŶĂůǇƐŝƐ..................................................................................ϭϲ &ĂĐŝůŝƟĞƐWƌŽƚŽƚǇƉĞƐ .....................................................................ϭϲ WƌŽƚŽƚǇƉĞ^ŝƚĞdĞƐƚ&ŝƚƐ .................................................................ϭϲ tĂƚĞƌdƌĞĂƚŵĞŶƚ&ĂĐŝůŝƚǇ^ŝƚĞ;td&Ϳ ............................................ϭϲ ƌĂŬĞtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞ;tZ&Ϳ ............................ϭϲ DƵůďĞƌƌǇtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞ ....................................ϭϳ &ĂĐŝůŝƟĞƐWƌŽƚŽƚǇƉĞƐ .......................................................................17 ͞^ƉŝŶĞ͟ŽŶĐĞƉƚ ...........................................................................ϭϳ ͞ƵƩĞƌŇǇ͟ŽŶĐĞƉƚ ......................................................................ϭϳ ͞>͟ŽŶĐĞƉƚ ..................................................................................ϭϳ Concepts ........................................................................................17 Water Treatment Facility Site (WTF) ...............................................18 ^ŝƚĞůƚĞƌŶĂƟǀĞ͗͟͞DŽĚĞƌŶŝǌĞĂŶĚǆƉĂŶĚ ................................ϭϴ ^ŝƚĞůƚĞƌŶĂƟǀĞ͗͟͞͞Ws͟^ŝƚĞ ......................................................ϭϴ ^ŝƚĞůƚĞƌŶĂƟǀĞ͗͟͞'ƌĞĞŶĮĞůĚ^ŝƚĞ.............................................ϭϴ DƵůďĞƌƌǇtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞ;DtZ&Ϳ .........................19 ^ŝƚĞůƚĞƌŶĂƟǀĞ͟͞ .......................................................................ϭϵ ^ŝƚĞůƚĞƌŶĂƟǀĞ͟͞ ......................................................................ϭϵ ^ŝƚĞůƚĞƌŶĂƟǀĞ͟͞ ......................................................................ϭϵ ƌĂŬĞtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞ;tZ&Ϳ ...............................20 ^ŝƚĞůƚĞƌŶĂƟǀĞ͟͞ .......................................................................ϮϬ WĂŐĞϰ February 2018 Project Summary dŚĞŝƚǇĐƵƌƌĞŶƚůǇŚĂƐƚǁŽĞǆŝƐƟŶŐĐŽŵƉůŝĂŶĐĞůĂďŽƌĂƚŽƌŝĞƐ͖ƚŚĞtĂƚĞƌYƵĂůŝƚǇ >ĂďŽƌĂƚŽƌǇ ;tY>Ϳ ůŽĐĂƚĞĚ Ăƚ ƚŚĞ tĂƚĞƌ dƌĞĂƚŵĞŶƚ &ĂĐŝůŝƚǇ ;td&Ϳ͕ ĂŶĚ ƚŚĞ WŽůůƵƟŽŶ ŽŶƚƌŽů >ĂďŽƌĂƚŽƌǇ ;W>Ϳ ůŽĐĂƚĞĚ Ăƚ ƚŚĞ ƌĂŬĞ tĂƚĞƌ ZĞĐůĂŵĂƟŽŶ &ĂĐŝůŝƚǇ;tZ&Ϳ͘dŚĞůĂďŽƌĂƚŽƌŝĞƐŚĂǀĞŶŽƚďĞĞŶƐŝŐŶŝĮĐĂŶƚůǇƌĞŶŽǀĂƚĞĚŝŶŽǀĞƌ ϮϱǇĞĂƌƐĂŶĚĂƌĞƐŚŽǁŝŶŐƚŚĞŝƌĂŐĞ͘dŚĞŝŶĐƌĞŵĞŶƚĂůĞǆƉĂŶƐŝŽŶƐƉĞƌĨŽƌŵĞĚ ŽǀĞƌƚŚĞǇĞĂƌƐĚŽŶŽƚƐƵƉƉŽƌƚƚŚĞŝƚǇ͛ƐǀŝƐŝŽŶŽĨĨƵƚƵƌĞůĂďŽƌĂƚŽƌǇĨĂĐŝůŝƟĞƐ ŝĚĞŶƟĮĞĚŝŶƚŚŝƐ>ĂďDĂƐƚĞƌWůĂŶ͘dŚĞtY>ƉĞƌĨŽƌŵƐǁĂƚĞƌƋƵĂůŝƚǇƐĂŵƉůŝŶŐ͕ ƚĞƐƟŶŐ ĂŶĚ ƌĞƉŽƌƟŶŐ ĨŽƌ ŵŽƐƚ ŽĨ ƚŚĞ ŽůŽƌĂĚŽ ĞƉĂƌƚŵĞŶƚ ŽĨ ŚĞĂůƚŚ ĂŶĚ ŶǀŝƌŽŶŵĞŶƚ;W,ͿƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌƚŚĞtd&ĂŶĚĚŝƐƚƌŝďƵƟŽŶƐǇƐƚĞŵ͘dŚĞ tY>ĂůƐŽƉĞƌĨŽƌŵƐƚĞƐƟŶŐĨŽƌŽƵƚƐŝĚĞĞŶƟƟĞƐĂƐǁĞůůĂƐƐŽŵĞŝŶͲŬŝŶĚƚĞƐƟŶŐ ĨŽƌǀĂƌŝŽƵƐǁĂƚĞƌƐŚĞĚŐƌŽƵƉƐ͘dŚĞW>ƉĞƌĨŽƌŵƐƚŚĞW,ƌĞƋƵŝƌĞĚƌĞŐƵůĂƚŽƌǇ ĞŋƵĞŶƚ ĐŽŵƉůŝĂŶĐĞ ƚĞƐƟŶŐ ĨŽƌ ƚŚĞtZ&ĂŶĚDƵůďĞƌƌǇtĂƚĞƌZĞĐůĂŵĂƟŽŶ &ĂĐŝůŝƚǇ;DtZ&Ϳ͕ĂŶĚĂůƐŽƚŚĞďŝŽƐŽůŝĚƐ͕ƉƌĞƚƌĞĂƚŵĞŶƚ͕ĂŶĚƉƌŽĐĞƐƐƚĞƐƟŶŐ͘dŚĞ W>ĂůƐŽƉĞƌĨŽƌŵƐĂŶĂůǇƐĞƐĨŽƌƚŚĞZĞŐƵůĂƟŽŶϴϱƚĞƐƟŶŐĨŽƌƐĞǀĞƌĂůŽƵƚƐŝĚĞ ĞŶƟƟĞƐ;ŝŶĐůƵĚŝŶŐŽƵůĚĞƌ͕tŝŶĚƐŽƌ͕'ƌĞĞůĞǇ͕ĂŶĚŽƚŚĞƌƚĞƐƟŶŐĨŽƌ^ŽƵƚŚ&Žƌƚ ŽůůŝŶƐ^ĂŶŝƚĂƟŽŶŝƐƚƌŝĐƚͿ͘ dŚĞtY>ĂŶĚW>ŶĞĞĚƐƌĞƋƵŝƌĞƌĞĨƵƌďŝƐŚŵĞŶƚŽƌƌĞƉůĂĐĞŵĞŶƚ͘EĞŝƚŚĞƌĞǆŝƐƟŶŐ ůĂďŽƌĂƚŽƌǇŵĞĞƚƐƚŚĞŝƚǇ͛ƐĚĞƐŝƌĞĚǀŝƐŝŽŶŽĨǁŽƌůĚĐůĂƐƐĨĂĐŝůŝƚǇ͘dŚĞtY>ĂŶĚ W> >ĂďDĂƐƚĞƌWůĂŶǁĂƐĐŽŶĚƵĐƚĞĚƚŽĚĞĮŶĞƚŚĞĂƉƉƌŽĂĐŚĨŽƌƚŚĞŝƚǇƚŽ ƉƌŽǀŝĚĞĨƵƚƵƌĞůĂďŽƌĂƚŽƌǇƐĞƌǀŝĐĞƐ͘dŚŝƐǁŽƌŬŝŶĐůƵĚĞƐĂĐŽŶĚŝƟŽŶĂƐƐĞƐƐŵĞŶƚ ŽĨďŽƚŚƚŚĞW>ĂŶĚtY>ĨĂĐŝůŝƟĞƐƚŽĞǀĂůƵĂƚĞƚŚĞĐƵƌƌĞŶƚĐŽŶĚŝƟŽŶƐĂŶĚŶĞĞĚƐ͘ dŚĞ>ĂďDĂƐƚĞƌWůĂŶƌĞĐŽŵŵĞŶĚƐƚŚĞŵŽƐƚďĞŶĞĮĐŝĂůĂƉƉƌŽĂĐŚĨŽƌƚŚĞŝƚǇƚŽ ŵĞĞƚŝƚƐǁĂƚĞƌƋƵĂůŝƚǇĂŶĚƉŽůůƵƟŽŶĐŽŶƚƌŽůĂŶĂůǇƟĐĂůŶĞĞĚƐĨŽƌƚŚĞĨƵƚƵƌĞ͘ World Class Laboratory Facility ^ŝƟŶŐ͗ /ŶƚĞŶƟŽŶĂůĨĂĐŝůŝƚǇůŽĐĂƟŽŶ͕ ĂĐĐĞƐƐĂŶĚƐŝƚĞĐŽŶƐƚƌĂŝŶƚƐ ^ƵƐƚĂŝŶĂďŝůŝƚǇ͗ ZĞŐŝŽŶĂůůǇƌĞƐƉŽŶƐŝǀĞ ƐŝƚĞĐŝǀŝůĂŶĚůĂŶĚƐĐĂƉĞ ĸĐŝĞŶĐǇ͗ ĸĐŝĞŶƚƉĞƌĨŽƌŵĂŶĐĞĚƌŝǀĞŶ ƐŝǌŝŶŐĂŶĚĐŽŶĮŐƵƌĂƟŽŶ ƚŽďĞƐƚƐĞƌǀĞŵŝƐƐŝŽŶ ^ƉĂĐĞWůĂŶŶŝŶŐƐƵƉƉŽƌƟŶŐ͗ • ůůĐƌŝƟĐĂůǁŽƌŬĨƵŶĐƟŽŶƐ • ůůŶĞĐĞƐƐĂƌǇƐƵƉƉŽƌƚĨƵŶĐƟŽŶƐ • ,ƵŵĂŶĞǆƉĞƌŝĞŶĐĞĂŶĚ ŝŶƚĞƌĂĐƟŽŶƐĐŽŵĨŽƌƚƐ • WƌŽĚƵĐƟǀŝƚǇ • &ůĞǆŝďŝůŝƚǇĨŽƌĐŚĂŶŐĞ ĂŶĚŐƌŽǁƚŚ ƌĐŚŝƚĞĐƚƵƌĞ͗ • WĞƌĨŽƌŵĂŶĐĞĚƌŝǀĞŶ • 'ŽŽĚƵƐĞŽĨƉƵďůŝĐĚŽůůĂƌƐ • >ĐƌŝƚĞƌŝĂ • ƵƌĂďůĞŵĂƚĞƌŝĂůƐ • ŽŵƉůĞŵĞŶƚĂƌǇƚŽ ƐƵƌƌŽƵŶĚŝŶŐĨĂĐŝůŝƟĞƐ • ZĞůĞĐƚ&ŽƌƚŽůůŝŶƐ ŵŝƐƐŝŽŶĂŶĚĐƵůƚƵƌĞ ^ǇƐƚĞŵƐWĞƌĨŽƌŵĂŶĐĞ͗ • ŶĞƌŐǇĐŽĚĞ • >ĂďŽƌĂƚŽƌǇĞŶǀŝƌŽŶŵĞŶƚƐ • WƌŽĐĞƐƐƉŝƉŝŶŐ • ůĞĐƚƌŝĐĂů • DĞĐŚĂŶŝĐĂů • WůƵŵďŝŶŐ February 2018 WĂŐĞϱ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ Vision dŚĞǁŽƌůĚͲĐůĂƐƐǀŝƐŝŽŶĨŽƌƚŚĞtY>ĂŶĚW>ůĂďŽƌĂƚŽƌŝĞƐǁĞƌĞĚĞĮŶĞĚŝŶŝƟĂůůǇ ĚƵƌŝŶŐƚŚĞƉƌŽũĞĐƚƐĐŽƉŝŶŐĂŶĚƌĞĮŶĞĚĚƵƌŝŶŐƉƌŽũĞĐƚǁŽƌŬƐŚŽƉƐƚŽƉƌŽǀŝĚĞĂ ĨĂĐŝůŝƚǇƚŚĂƚǁŽƵůĚ͗ • Be recognized as world-class • DĞĞƚƚŚĞ/ŶƚĞƌŶĂƟŽŶĂůKƌŐĂŶŝǌĂƟŽŶĨŽƌ^ƚĂŶĚĂƌĚŝǌĂƟŽŶ;/^KͿϭϳϬϮϱ ŐĞŶĞƌĂůƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌĐŽŵƉĞƚĞŶĐĞŽĨƚĞƐƟŶŐĂŶĚĐĂůŝďƌĂƟŽŶ ůĂďŽƌĂƚŽƌŝĞƐ • EĂƟŽŶĂůŶǀŝƌŽŶŵĞŶƚĂů>ĂďŽƌĂƚŽƌǇĐĐƌĞĚŝƚĂƟŽŶWƌŽŐƌĂŵ;E>WͿ ĂĐĐƌĞĚŝƚĂƟŽŶ • WƌŽǀŝĚĞĂϯϬͲǇĞĂƌůŝĨĞ • ŶŚĂŶĐĞǁŽƌŬŇŽǁƐ • /ŵƉƌŽǀĞŚĞĂůƚŚĂŶĚƐĂĨĞƚǇ • ŶŚĂŶĐĞǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚ • WƌŽŵŽƚĞŽƌŐĂŶŝǌĂƟŽŶĞĸĐŝĞŶĐǇ • /ŵƉƌŽǀĞůĞǀĞůŽĨƐĞƌǀŝĐĞ Goals dŚĞƉƌŝŵĂƌǇŐŽĂůƐŽĨƚŚĞ>ĂďDĂƐƚĞƌWůĂŶĞǀĂůƵĂƟŽŶĂƌĞƚŽ͗ • ĞĮŶĞƚŚĞŝƚǇ͛ƐǁŽƌůĚͲĐůĂƐƐǀŝƐŝŽŶĨŽƌĨƵƚƵƌĞůĂďŽƌĂƚŽƌǇĂŶĂůǇƟĐĂů ƐĞƌǀŝĐĞƐĂŶĚǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚ • ŽŶĚƵĐƚĂĐŽŶĚŝƟŽŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞtY>ĂŶĚW> • ĞĮŶĞĨƵƚƵƌĞƌĞŐƵůĂƚŽƌǇĂŶĂůǇƟĐĂůƌĞƋƵŝƌĞŵĞŶƚƐ • ĞǀĞůŽƉĨĞĂƐŝďŝůŝƚǇůĞǀĞůĐŽƐƚƐĨŽƌĞĂĐŚĂůƚĞƌŶĂƟǀĞďĂƐĞĚŽŶǁŽƌŬŇŽǁĂŶĚ ĐŽŶĚŝƟŽŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞĞǆŝƐƟŶŐtY>ĂŶĚW> • DĂŬĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐĨŽƌĂƉƌĞĨĞƌƌĞĚĂůƚĞƌŶĂƟǀĞďĂƐĞĚŽŶĂĐŽƐƚʹ ďĞŶĞĮƚĂŶĂůǇƐŝƐƵƐŝŶŐƚŚĞŝƚǇ͛ƐƚƌŝƉůĞďŽƩŽŵůŝŶĞ;d>ͿŵĞƚŚŽĚŽůŽŐǇ dŚĞƉƌŽũĞĐƚŐŽĂůƐĂůŝŐŶǁŝƚŚƚŚĞŝƚǇ͛ƐŐƵŝĚŝŶŐƉŽůŝĐǇZĞƐŽůƵƟŽŶϵϯͲϭϰϰ dŚĞŝƚǇǁŝůůƉƌŽǀŝĚĞǁĂƚĞƌƐĞƌǀŝĐĞƐƚŚĂƚŵĞĞƚŽƌĞǆĐĞĞĚĐƵƐƚŽŵĞƌĞǆƉĞĐƚĂƟŽŶƐ ĨŽƌƋƵĂůŝƚǇ͕ƋƵĂŶƟƚǇ͕ĂŶĚƌĞůŝĂďŝůŝƚǇ͘dŚĞŝƚǇǁŝůůƉƌŽƚĞĐƚĂŶĚŵĂŝŶƚĂŝŶŚŝŐŚǁĂƚĞƌ ƋƵĂůŝƚǇŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂůůĐŽĚĞƐ͕ƉŽůŝĐŝĞƐ͕ƉůĂŶƐĂŶĚƐƉĞĐŝĮĐĂƟŽŶƐƌĞůĂƚĞĚ ƚŽƚŚĞĂĐƋƵŝƐŝƟŽŶ͕ƉƌŽĚƵĐƟŽŶ͕ĂŶĚĚĞůŝǀĞƌǇŽĨǁĂƚĞƌƐĞƌǀŝĐĞƐƚŽŝƚƐĐƵƐƚŽŵĞƌƐ͘ dŚĞŝƚǇ͛ƐǁĂƚĞƌƐƵƉƉůǇ͕ƚƌĞĂƚŵĞŶƚ͕ƐƚŽƌĂŐĞ͕ĚĞůŝǀĞƌǇĂŶĚůĂďŽƌĂƚŽƌǇĨĂĐŝůŝƟĞƐ ǁŝůůďĞƉůĂŶŶĞĚĚĞƐŝŐŶĞĚ͕ĐŽŶƐƚƌƵĐƚĞĚ͕ŵĂŝŶƚĂŝŶĞĚ͕ƐƚĂīĞĚĂŶĚŽƉĞƌĂƚĞĚƚŽ ĂƐƐƵƌĞƐĂĨĞ͕ƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞīĞĐƟǀĞƐĞƌǀŝĐĞƚŽƚŚĞƌĞƐŝĚĞŶƚƐŽĨ&ŽƌƚŽůůŝŶƐ ĂŶĚĂůůƚŚŽƐĞƐĞƌǀĞĚďǇƚŚĞŝƚǇ͛ƐǁĂƚĞƌƵƟůŝƚǇ͘ Approach dŚĞĂƉƉƌŽĂĐŚĨŽƌĚĞǀĞůŽƉŝŶŐƚŚĞDĂƐƚĞƌWůĂŶĨŽůůŽǁĞĚƚŚĞŽƵƚůŝŶĞďĞůŽǁ͗ • ŽŶĚƵĐƚŝŶŝƟĂůǁŽƌŬƐŚŽƉƚŽĂůŝŐŶƚŚĞƚĞĂŵƚŽƉƌŽũĞĐƚŐŽĂůƐ • ŽŶĚƵĐƚƚŽƵƌŽĨǁŽƌůĚĐůĂƐƐůĂďŽƌĂƚŽƌǇĨĂĐŝůŝƚǇĂŶĚŵŽƌĞŵŽĚĞƐƚ ĨƵŶĐƟŽŶĂůĐŽŵďŝŶĞĚůĂďŽƌĂƚŽƌǇƚŽŚĞůƉƐĞƚĞǆƉĞĐƚĂƟŽŶƐĂŶĚ ŽƉƟŽŶƐĂǀĂŝůĂďůĞ • ŽŶĚƵĐƚĐŽŶĚŝƟŽŶĂůĂƐƐĞƐƐŵĞŶƚŽĨĞǆŝƐƟŶŐĨĂĐŝůŝƟĞƐƚŽŝŶĨŽƌŵƌĞŶŽǀĂƟŽŶ ŶĞĞĚƐĂŶĚĐŽŶƐƚƌĂŝŶƚƐ • ĞǀĞůŽƉ>ĂďƌĞŶŽǀĂƟŽŶĂŶĚƌĞƉůĂĐĞŵĞŶƚĂůƚĞƌŶĂƟǀĞƐĂŶĚƐŝƚĞůŽĐĂƟŽŶƐ͕ • ĞǀĞůŽƉƉƌŽŐƌĂŵŵĂƟĐƐƉĂĐĞĂůůŽĐĂƟŽŶĂŶĚĨŽƌŵĨĂĐƚŽƌƐĨŽƌƌĞƉůĂĐĞŵĞŶƚ ĂŶĚƌĞĨƵƌďŝƐŚŵĞŶƚĂůƚĞƌŶĂƟǀĞƐ • ĞǀĞůŽƉďĞŶĞĮƚƐĐŽƌĞĐƌŝƚĞƌŝĂĨŽƌĞĂĐŚĂůƚĞƌŶĂƟǀĞƚŽƐƵƉƉŽƌƚĂĚĞĐŝƐŝŽŶ ĂŶĂůǇƐŝƐŵŽĚĞů • ƐƐĞƐƐĞĂĐŚĂůƚĞƌŶĂƟǀĞĂŐĂŝŶƐƚƚŚĞďĞŶĞĮƚĐƌŝƚĞƌŝĂĂŶĚĚĞƚĞƌŵŝŶĞƚŚĞ ƚŽƚĂůďĞŶĞĮƚƉƌŽǀŝĚĞĚĨŽƌĞĂĐŚĂůƚĞƌŶĂƟǀĞ • ĞǀĞůŽƉĐŽŶĐĞƉƚƵĂůĐŽƐƚĨŽƌĞĂĐŚĂůƚĞƌŶĂƟǀĞƵƐŝŶŐƚŚĞŝƚǇ͛ƐůƚĞƌŶĂƟǀĞ WƌŽĚƵĐƚĞůŝǀĞƌǇ^ǇƐƚĞŵƐ;W^ͿĐŽŶƚƌĂĐƚŽƌ • ĞƚĞƌŵŝŶĞǀĂůƵĞďĂƐĞĚŽŶĞŶĞĮƚŽƐƚƐĐŽƌŝŶŐ • WƌŽǀŝĚĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐŝŶĂŵĂƐƚĞƌƉůĂŶƌĞƉŽƌƚƚŚĂƚĐĂƉƚƵƌĞƐƚŚĞ ĚĞĐŝƐŝŽŶͲŵĂŬŝŶŐƉƌŽĐĞƐƐŝŶĂĐůĞĂƌĂŶĚƚƌĂŶƐƉĂƌĞŶƚŵĂŶŶĞƌ͕ĂŶĚ • /ŶĨŽƌŵƚŚĞŝƚǇ͛ƐĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚWůĂŶĂŶĚƵĚŐĞƚ&ŽƌKƵƚĐŽŵĞ ;&KͿƉƌŝŽƌŝƟǌĂƟŽŶƉƌŽĐĞƐƐ WZtdZYh>/dz>^ hZZEdtdZYh>/dz>KE/d/KE^ />/tdZYh>/dz>KEWd ^/d^^^^DEd>Kd/KE^ WĂŐĞϲ February 2018 City of Fort Collins Facilities Sites dǁŽĞǆŝƐƟŶŐŝƚǇŽĨ&ŽƌƚŽůůŝŶƐĨĂĐŝůŝƟĞƐƐŝƚĞƐ͕ƚŚĞtĂƚĞƌdƌĞĂƚŵĞŶƚ&ĂĐŝůŝƚǇ ĂŶĚƌĂŬĞtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ͕ǁĞƌĞŶĂƚƵƌĂůĂŶĚŽďǀŝŽƵƐĐĂŶĚŝĚĂƚĞƐĨŽƌ ƚŚĞƌĞŵĞĚŝĂƟŽŶ͕ƌĞŶŽǀĂƟŽŶ͕ĞǆƉĂŶƐŝŽŶĂŶĚͬŽƌĐŽŶƐƚƌƵĐƟŽŶŽĨĞŝƚŚĞƌŽƌďŽƚŚĂ ŶĞǁtĂƚĞƌYƵĂůŝƚǇ>Ăď͕WŽůůƵƟŽŶŽŶƚƌŽů>ĂďŽƌĐŽŵďŝŶĞĚĨĂĐŝůŝƚǇ͘ƚŚŝƌĚƐŝƚĞ͕ ƚŚĞDƵůďĞƌƌǇtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ͕ǁĂƐĂĚĚĞĚƚŽƚŚĞůŝƐƚĨŽƌĐŽŶƐŝĚĞƌĂƟŽŶ ĞǀĞŶƚŚŽƵŐŚŝƚĐƵƌƌĞŶƚůǇŚĂƐŶŽƉĞƌƐŽŶŶĞůŽƌůĂďƐŽŶƐŝƚĞ͘/ƚƐĐĞŶƚƌĂůůŽĐĂƟŽŶ ĂŶĚĂǀĂŝůĂďůĞůĂŶĚŵĂĚĞŝƚĂŶĂƩƌĂĐƟǀĞĨĂĐŝůŝƟĞƐƐŝƚĞ͘ Water Treatment Facility Site (WTF) dŚĞtd&ƐŝƚĞ͕ƚŽƚŚĞŶŽƌƚŚǁĞƐƚŽĨĚŽǁŶƚŽǁŶĂŶĚĂĚũĂĐĞŶƚƚŽƚŚĞ,ŽƌƐĞƚŽŽƚŚ ZĞƐĞƌǀŽŝƌ͕ŚŽƵƐĞƐƚŚĞĐƵƌƌĞŶƚtĂƚĞƌYƵĂůŝƚǇ>ĂďŽƌĂƚŽƌǇĂƐǁĞůůĂƐƚŚĞƐƚĂīĂŶĚ ůĂďĞƋƵŝƉŵĞŶƚĨŽƌƚŚĞǁĂƚĞƌƐŚĞĚƚĞĂŵ͘ Drake Water Reclamation Facility Site (DWRF) dŚĞtZ&ƐŝƚĞ͕ƚŽƚŚĞƐŽƵƚŚĞĂƐƚŽĨĚŽǁŶƚŽǁŶĂŶĚŶĞĂƌƚŽƚŚĞĂĐŚĞůĂWŽƵĚƌĞ ZŝǀĞƌŝƐƚŚĞĐƵƌƌĞŶƚůŽĐĂƟŽŶĨŽƌƚŚĞWŽůůƵƟŽŶŽŶƚƌŽů>ĂďŽƌĂƚŽƌǇ͘ Mulberry Water Reclamation Facility Site (MWRF) dŚĞDƵůďĞƌƌǇtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞŝƐůŽĐĂƚĞĚŶĞĂƌĞƐƚƚŽĚŽǁŶƚŽǁŶ &Žƌƚ ŽůůŝŶƐ ;ĂŶĚ ŽƚŚĞƌ ŵƵŶŝĐŝƉĂů ƐĞƌǀŝĐĞƐͿ ĂŶĚ ŝƐ ĂĚũĂĐĞŶƚ ƚŽ ƚŚĞ ĂĐŚĞ ůĂ WŽƵĚƌĞZŝǀĞƌĂŶĚƌĞĐƌĞĂƟŽŶĂůĂƌĞĂƐ͘ (WTF) (DWRF) (MWRF) February 2018 WĂŐĞϳ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ WQL PCL Water Treatment Facility Site (WTF) dŚĞtd& ŝƐ ĐŽŵƉƌŝƐĞĚ ŽĨ ŽǀĞƌ ϵϬ ĂĐƌĞƐ ǁŝƚŚ ƐƵďƐƚĂŶƟĂů ƚƌĞĂƚŵĞŶƚ ƉƌŽĐĞƐƐ ƐƚƌƵĐƚƵƌĞƐůĂŝĚŽƵƚĂĐƌŽƐƐƚŚĞƐŝƚĞ͘dŚĞƐŝƚĞŝƐĨƵƌƚŚĞƌĐŽŵƉƌŝƐĞĚŽĨƐĞǀĞƌĂůůĂƌŐĞƌ ĨƵŶĐƟŽŶĂůůĂŶĚĂƌĞĂƐĂŶĚĨĂĐŝůŝƟĞƐŝŶĐůƵƐŝǀĞŽĨƐĞǀĞƌĂůƐĞƩůŝŶŐƉŽŶĚƐ͕ĨĂĐŝůŝƟĞƐ ƐƵƉƉŽƌƚƐƚƌƵĐƚƵƌĞƐ͕ĐŽŶƐƚƌƵĐƟŽŶƚƌĂŝůĞƌƐĂŶĚĂůĂƌŐĞƉŚŽƚŽǀŽůƚĂŝĐŝŶƐƚĂůůĂƟŽŶ͘ dŚĞƌĞŝƐĂůƐŽĂƐǁĂƚŚŽĨůĂŶĚĂůŽŶŐƚŚĞƐŽƵƚŚĞƌŶƉĞƌŝŵĞƚĞƌƚŚĂƚŝƐĚĞƐŝŐŶĂƚĞĚ ĨŽƌƉŽƚĞŶƟĂůŇŽŽĚƌƵŶŽīǁŚĞƌĞƌĞůŝĞĨĨƌŽŵƚŚĞƌĞƐĞƌǀŽŝƌƐƉŝůůǁĂǇŝƐƌĞƋƵŝƌĞĚ͘ dŚĞƐŝƚĞĂŶĚŝƚƐďƵŝůĚŝŶŐƐĂƌĞŝŶŐŽŽĚĐŽŶĚŝƟŽŶ͕ĐůĞĂƌůǇǁĞůůƵƐĞĚĂŶĚŵĂŝŶƚĂŝŶĞĚ͘ dŚŽƵŐŚŶŽƚŝĚĞĂů͕ƚŚĞƐŝƚĞĐŝƌĐƵůĂƟŽŶŝƐŐŽŽĚĂŶĚǁĂǇĮŶĚŝŶŐĐůĞĂƌ͘^ƵĸĐŝĞŶƚ ƉĂƌŬŝŶŐŝƐĂǀĂŝůĂďůĞĨŽƌƐŝƚĞƉĞƌƐŽŶŶĞů͕ĐŽŶƚƌĂĐƚŽƌƐ͕ĂŶĚǀŝƐŝƚŽƌƐ͘ dŚĞƐŝƚĞŝƐƐĞĐƵƌĞĚďǇĂƚůĞĂƐƚƚǁŽǌŽŶĞƐ͖ĂƉĞƌŝŵĞƚĞƌĨĞŶĐĞǁŝƚŚĐŽŶƚƌŽůůĞĚ ǀĞŚŝĐƵůĂƌĂĐĐĞƐƐĞŶƚƌĂŶĐĞƐĂƐǁĞůůĂƐĐĂƌĚͲƌĞĂĚĞƌƐĞĐƵƌĞĚďƵŝůĚŝŶŐĞŶƚƌĂŶĐĞƐ͘ Drake Water Reclamation Facility Site (DWRF) dŚĞtZ&ƐŝƚĞĞŶĐŽŵƉĂƐƐĞƐϮϱĂĐƌĞƐǁŝƚŚĂĚĚŝƟŽŶĂůŝƚǇŽǁŶĞĚůĂŶĚƚŽƚŚĞ ǁĞƐƚŽĨƚŚĞtZ&͕ĂŶĚŝƐŽĐĐƵƉŝĞĚďǇŽǀĞƌϮϬƐĞƉĂƌĂƚĞƐƚƌƵĐƚƵƌĞƐ͘ůƚŚŽƵŐŚ ĐƵƌƌĞŶƚůǇ ĚĞǀĞůŽƉĞĚ ƉŽƌƟŽŶƐ ŽĨ ƚŚĞ ƐŝƚĞ ĂƌĞ ƋƵŝƚĞ ͞ĐŽŵƉĂĐƚ͟ ;ůĞĂǀŝŶŐ ůŝƩůĞ ƌŽŽŵĨŽƌĂĚĚŝƟŽŶƐĂŶĚĞǆƉĂŶƐŝŽŶƐͿůĂƌŐĞƌĂƌĞĂƐŽĨƚŚĞƐŝƚĞĂƌĞƵŶĚĞǀĞůŽƉĞĚ ĂŶĚĂůĂƌŐĞƉŽŶĚŽĐĐƵƉŝĞƐĂƐŝǌĂďůĞƉŽƌƟŽŶŽĨƚŚĞƐŝƚĞ͘ǀĂŝůĂďůĞĂƌĞĂƐŝŶƚŚĞ ƐŝƚĞŵƵƐƚĐŽŶƐŝĚĞƌƐƉĂĐĞĂůůŽĐĂƚĞĚĨŽƌƉƌŽĐĞƐƐĨĂĐŝůŝƚǇĞǆƉĂŶƐŝŽŶĐƵƌƌĞŶƚůǇďĞŝŶŐ ŵĂƐƚĞƌƉůĂŶŶĞĚƵŶĚĞƌƐĞƉĂƌĂƚĞĐŽŶƚƌĂĐƚ͘ >ŝŬĞƚŚĞtd&ƚŚĞtZ&ƐŝƚĞĂŶĚĨĂĐŝůŝƟĞƐĂƌĞǁĞůůŵĂŝŶƚĂŝŶĞĚ͘dŚŝƐƐŝƚĞŚĂƐ ƐƵďƐƚĂŶƟĂůĂƌĞĂƐŽĨůĂǁŶĂŶĚŵĂƚƵƌĞƉůĂŶƟŶŐƐ͘^ŝƚĞĐŝƌĐƵůĂƟŽŶŝƐĂĚĞƋƵĂƚĞƚŽ ŵĞĞƚƚŚĞŶĞĞĚƐ͕ŝĨŶŽƚĂƐĐůĞĂƌĂŶĚƐĞŐƌĞŐĂƚĞĚďǇƚǇƉĞĂƐŽŶĞǁŽƵůĚŚŽƉĞƚŽ ĂĐŚŝĞǀĞƚŽĚĂǇ͘ ^ŝƚĞ ƐĞĐƵƌŝƚǇ ŵĂƚĐŚĞƐ ƚŚĂƚ ŽĨ ƚŚĞ td&͖ ƐĞĐƵƌĞĚ ďǇ ƚǁŽ ǌŽŶĞƐ͖ Ă ƉĞƌŝŵĞƚĞƌ ĨĞŶĐĞǁŝƚŚĐŽŶƚƌŽůůĞĚǀĞŚŝĐƵůĂƌĂĐĐĞƐƐĞŶƚƌĂŶĐĞƐĂŶĚ͕ƐĞĐŽŶĚĂƌŝůǇ͕ĐĂƌĚͲƌĞĂĚĞƌ ƐĞĐƵƌĞĚďƵŝůĚŝŶŐƐĂŶĚŽƚŚĞƌƐƚƌƵĐƚƵƌĞ͛ƐĞŶƚƌĂŶĐĞƐ͘ Mulberry Water Reclamation Facility SIte dŚĞ DƵůďĞƌƌǇ tĂƚĞƌ ZĞĐůĂŵĂƟŽŶ &ĂĐŝůŝƚǇ ƐŝƚĞ ƚŽƚĂůƐ ϭϱ ĂĐƌĞƐ ŽĨ ůĂŶĚ͕ ǁŝƚŚ ĂĚĚŝƟŽŶĂůŝƚǇƉƌŽƉĞƌƚǇĚĞĚŝĐĂƚĞĚ;ůĞĂƐĞĚͿƚŽĂŶŽƉĞƌĂƚŽƌŽĨĂƉŚŽƚŽǀŽůƚĂŝĐ ŝŶƐƚĂůůĂƟŽŶ͘KŶĞƚŚŝƌĚŽĨƚŚĞƐŝƚĞŝƐĂƚƐƚƌĞĞƚůĞǀĞůĂŶĚƚǁŽͲƚŚŝƌĚƐŽĨƚŚĞƐŝƚĞŝƐ ƐƵďƐƚĂŶƟĂůůǇůŽǁĞƌ͕ĂƚƌŝǀĞƌůĞǀĞůĂƚƚŚĞĞĚŐĞŽĨƚŚĞƌŝƉĂƌŝĂŶďƵīĞƌǌŽŶĞĂŶĚ ŇŽŽĚƉůĂŝŶ͘dŚĞƌĞĂƌĞĂƚůĞĂƐƚϭϬƐĞƉĂƌĂƚĞƐƚƌƵĐƚƵƌĞƐŽŶƚŚĞƐŝƚĞ͕ĂŶĚƚŚĞƌĞŝƐĂŶ ŽƌŶĂŵĞŶƚĂů;ŶŽŶͲĨƵŶĐƟŽŶĂůͿƉŽŶĚůŽĐĂƚĞĚĂƚƚŚĞĐĞŶƚĞƌŽĨƚŚĞƐŝƚĞ͘ KĨ ƚŚĞ ƚŚƌĞĞ ƐŝƚĞƐ ƚŚĞ DƵůďĞƌƌǇ ƐŝƚĞ ŝƐ ƚŚĞ ŵŽƐƚ ͞ĂƩƌĂĐƟǀĞ͟ ŝŶ ƚĞƌŵƐ ŽĨ ŚŽŵŽŐĞŶĞŝƚǇŽĨƚŚĞĂƌĐŚŝƚĞĐƚƵƌĞŽĨƚŚĞĨĂĐŝůŝƟĞƐ;ĂůůƚŚĞƐĂŵĞͬĐŽŵƉůŝŵĞŶƚĂƌǇͿ ĂŶĚƚŚĞůĂŶĚƐĐĂƉĞ͘dŚĞŐƌŽƵŶĚƐŽĨƚŚĞDƵůďĞƌƌǇƐŝƚĞĂƌĞůƵƐŚĂŶĚǁĞůůĐĂƌĞĚ ĨŽƌ͘,ŝŐŚƉƵďůŝĐǀŝƐŝďŝůŝƚǇĂŶĚƉƌŽǆŝŵŝƚǇƚŽƚŚĞƌŝǀĞƌĂƌĞůŝŬĞůǇĐŽŶƚƌŝďƵƚŽƌƐƚŽ ƚŚĞƐĞĐŽŶĚŝƟŽŶƐ͘ hZZEdtdZYh>/dz>͗&>KKZW>E hZZEdtdZYh>/dz>͗/EdZ/KZ WĂŐĞϴ February 2018 Water Quality Laboratory Observation Summary dŚĞ ŝƚǇ ĂŶĚ ŝƚƐ ƚĞĂŵ ĐŽŶĚƵĐƚĞĚ Ă ĐŽŶĚŝƟŽŶ ĂƐƐĞƐƐŵĞŶƚ͘ dŚĞ ƌĞƉŽƌƚ ƟƚůĞĚ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďŽƌĂƚŽƌǇƐƐĞƐƐŵĞŶƚƐ;KĐƚŽďĞƌϮϬϭϳͿ ǁĂƐƉƌĞƉĂƌĞĚƚŽĚŽĐƵŵĞŶƚƚŚĞĐŽŶĚŝƟŽŶĂŶĚƉƌŽǀŝĚĞƐƚŚĞďĂƐŝƐĨŽƌƚŚĞďĞůŽǁ ĐŽŶĐůƵƐŝŽŶƐ͘dŚĞĮŶĚŝŶŐƐĨƌŽŵƚŚĞϮϬϭϳĐŽŶĚŝƟŽŶĂƐƐĞƐƐŵĞŶƚƐĨŽƌƚŚĞtY> ĂƌĞƐƵŵŵĂƌŝǌĞĚďĞůŽǁ͗ • dŚĞŽǀĞƌĂůůďƵŝůĚŝŶŐƐƚƌƵĐƚƵƌĂůĞůĞŵĞŶƚƐ;ĨŽƵŶĚĂƟŽŶ͕ǁĂůůƐ͕ĚĞĐŬŝŶŐͿĂƌĞ ƐŽƵŶĚĂŶĚĐĂŶƐƵƉƉŽƌƚƌĞŶŽǀĂƟŽŶ͘ • ZĞƉĂŝƌĂŶĚƌĞŶŽǀĂƟŽŶƌĞƋƵŝƌĞĚĞǀĞŶƚŽŵĞĞƚĐƵƌƌĞŶƚĨƵŶĐƟŽŶ͘ • dŚĞĨĂĐŝůŝƚǇǁŝůůƌĞƋƵŝƌĞĐŽŵƉůĞƚĞŝŶƚĞƌŝŽƌƌĞŶŽǀĂƟŽŶĂŶĚĞǆƉĂŶƐŝŽŶƚŽ ŵĞĞƚĨƵƚƵƌĞŶĞĞĚƐ͘ • ŶŚĂŶĐĞĚƉĞƌƐŽŶŶĞůǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚƐ͕ǁŽƌŬŇŽǁ͕ĞŶĞƌŐǇĐŽĚĞ ƌĞƋƵŝƌĞŵĞŶƚƐ͕ĂŶĚƌĞƉĂŝƌĂŶĚƌĞƉůĂĐĞŵĞŶƚŶĞĞĚƐǁŝůůĚƌŝǀĞƌĞŶŽǀĂƟŽŶƐ͘ • dŚĞĞǆŝƐƟŶŐƐŝƚĞĂƚƚŚĞtd&ƉƌŽǀŝĚĞƐƐŽŵĞĐĂƉĂďŝůŝƚǇĨŽƌƚŚĞďƵŝůĚŝŶŐ ĞǆƉĂŶƐŝŽŶďƵƚŝƐĐŽŶĮŶĞĚďǇƌŽĂĚǁĂǇƐ͕ƵƟůŝƟĞƐĂŶĚĂĚũĂĐĞŶƚ ƉƌŽĐĞƐƐƐƚƌƵĐƚƵƌĞƐ͘ • ǆŝƐƟŶŐtY>ĚŽĞƐŶŽƚŚĂǀĞƐƵĸĐŝĞŶƚƐƉĂĐĞĨŽƌĐŽŵďŝŶĞĚůĂďŽƌĂƚŽƌǇ͕ ďƵƚĞǆŝƐƟŶŐƐƉĂĐĞŝƐĂǀĂŝůĂďůĞŽŶƚŚĞtd&ĂŶĚtZ&ƐŝƚĞĨŽƌĂ ĐŽŵďŝŶĞĚĨĂĐŝůŝƚǇ͘ • ^ŝŐŶŝĮĐĂŶƚŝŵƉƌŽǀĞŵĞŶƚƐƚŽƚŚĞĞǆŝƐƟŶŐĨĂĐŝůŝƚǇĂƌĞƌĞƋƵŝƌĞĚũƵƐƚƚŽ ŵĂŝŶƚĂŝŶƐƚĂƚƵƐƋƵŽ͘ ĐŚĞŵŝĐĂůƐĂŶĚƐƵƉƉůŝĞƐĨƌŽŵƚŚĞŵĞĐŚĂŶŝĐĂůĂŶĚĞůĞĐƚƌŝĐĂůƌŽŽŵƐ͘dŽŝŵƉƌŽǀĞ ĨĂĐŝůŝƚǇ ƉĞƌĨŽƌŵĂŶĐĞ͕ ĞŶŚĂŶĐĞ ƉĞƌƐŽŶŶĞů ǁŽƌŬ ĞŶǀŝƌŽŶŵĞŶƚƐ͕ ĂŶĚ ƚŽ ŵĞĞƚ ĐƵƌƌĞŶƚ ĞŶĞƌŐǇ ĐŽĚĞ ƌĞƋƵŝƌĞŵĞŶƚƐ͕ ƚŚĞ ďƵŝůĚŝŶŐ ĞŶǀĞůŽƉĞ ƐǇƐƚĞŵƐ ƐƵĐŚ ĂƐ ĞŶƚƌĂŶĐĞƐĂŶĚŐůĂǌŝŶŐĂƌĞĂƐ;ǁŝŶĚŽǁƐͿŶĞĞĚƚŽďĞƌĞƉůĂĐĞĚ͘ǆƚĞƌŝŽƌǁĂůůĂƌĞĂƐ ƐŚŽƵůĚďĞďĞƩĞƌŝŶƐƵůĂƚĞĚ͘dŚĞƌŽŽĨƐǇƐƚĞŵŶĞĞĚƐƚŽďĞƌĞƉůĂĐĞĚĚŽǁŶƚŽƚŚĞ ŐĂůǀĂŶŝǌĞĚŵĞƚĂůĚĞĐŬĂŶĚƉƌĞĐĂƐƚĚŽƵďůĞʹdƉĂŶĞůƌŽŽĨ;ƐƚƌƵĐƚƵƌĂůƐƵƉƉŽƌƚ ƐǇƐƚĞŵƐͿ͘ǆƚĞƌŝŽƌďƌŝĐŬĂŶĚĐŽŶĐƌĞƚĞĐůĂĚĚŝŶŐŶĞĞĚƚŽďĞƉŽŝŶƚĞĚĂŶĚƌĞƐĞĂůĞĚ ĂƚũŽŝŶƚƐĂĐƌŽƐƐĂůůĨĂĐĂĚĞƐ͘dŽĨĂĐŝůŝƚĂƚĞĂŶĚŝŵƉƌŽǀĞůĂďǁŽƌŬŇŽǁƐ͕ĞĸĐŝĞŶĐǇ͕ ĂŶĚƉŽƐŝƟŽŶƚŚĞůĂďĨŽƌ/ŶƚĞƌŶĂƟŽŶĂůKƌŐĂŶŝǌĂƟŽŶĨŽƌ^ƚĂŶĚĂƌĚŝǌĂƟŽŶ;/^KͿͬ /ŶƚĞƌŶĂƟŽŶĂů ůĞĐƚƌŽƚĞĐŚŶŝĐĂů ŽŵŵŝƐƐŝŽŶ ;/Ϳ ϭϳϬϮϱ ĂĐĐƌĞĚŝƚĂƟŽŶ͕ ƐŽŵĞ ƐƵďƐƚĂŶƟĂů ďƵŝůĚŝŶŐ ƌĞŶŽǀĂƟŽŶ ĂŶĚ ĞǆƉĂŶƐŝŽŶ ŝƐ ŶĞĞĚĞĚ͘ ƚ ŵŝŶŝŵƵŵ͕ ƚŚŝƐ ǁŽƵůĚŝŶĐůƵĚĞƚŚĞĂĚĚŝƟŽŶŽĨĂƐĂŵƉůĞƐŚŝƉƉŝŶŐͬƌĞĐĞŝǀŝŶŐĂƌĞĂ͕ĂĚĞĚŝĐĂƚĞĚ ;ϭϬ ƉĞƌƐŽŶͿ ĐŽŶĨĞƌĞŶĐĞ ƌŽŽŵ͕ Ă ĚĞĚŝĐĂƚĞĚ ƐĞĐƵƌĞ ƌĞĐŽƌĚƐ ƐƚŽƌĂŐĞƌŽŽŵ͕Ă ƐĞĐƵƌĞĐŚĞŵŝĐĂůͬŐĂƐƐƚŽƌĂŐĞƌŽŽŵ͕ĂŶĚĂĚĚŝƟŽŶĂůĐŽǀĞƌĞĚ;ĞŶĐůŽƐĞĚͿǀĞŚŝĐƵůĂƌ ƉĂƌŬŝŶŐ͘ dŚĞ ƐŝƚĞ ƉƌŽǀŝĚĞƐ ƐŽŵĞ ĐĂƉĂďŝůŝƚǇ ĨŽƌ ƚŚĞ ďƵŝůĚŝŶŐ ƚŽ ďĞ ĞǆƉĂŶĚĞĚ ƚŽƚŚĞŶŽƌƚŚ͕ĂŶĚƐŽƵƚŚďƵƚĂĚũĂĐĞŶƚƌŽĂĚǁĂǇƐĂŶĚďƵƌŝĞĚƵƟůŝƟĞƐǁŝůůůŝŵŝƚ ĞǆƉĂŶƐŝŽŶĨŽŽƚƉƌŝŶƚ͘/ƚĂůƐŽŚĂƐƚŚĞĐƵƌƌĞŶƚĂůůŽĐĂƚĞĚŐĂƌĂŐĞƐƉĂĐĞƚŚĂƚĐŽƵůĚ ƉĞƌŚĂƉƐƉƌŽǀŝĚĞƐŽŵĞĞǆƉĂŶƐŝŽŶƌŽŽŵŝĨƚŚĂƚĐƵƌƌĞŶƚƵƐĞǁĞƌĞƌĞůŽĐĂƚĞĚŽƌ ĂĚĚĞĚ ƚŽĂŶĞǆƉĂŶƐŝŽŶ͘'ƌĂĚŝŶŐĂŶĚĚƌĂŝŶĂŐĞƐŚŽƵůĚďĞƐƚƵĚŝĞĚƚŽƉƌŽǀŝĚĞ ŝŵƉƌŽǀĞĚƉŽƐŝƟǀĞƐƚŽƌŵǁĂƚĞƌĚƌĂŝŶĂŐĞĂǁĂǇĨƌŽŵƚŚĞƐƚƌƵĐƚƵƌĞ͘/ƚŝƐĂƐƐƵŵĞĚ ƚŚĞŵŝŶŝŵƵŵĂŵŽƵŶƚŽĨƟŵĞŶĞĐĞƐƐĂƌǇƚŽƌĞŵŽĚĞů͕ĞǆƉĂŶĚ͕ŽƌƌĞƉůĂĐĞƚŚŝƐ ůĂďŽƌĂƚŽƌǇŝƐĂƚůĞĂƐƚƚŚƌĞĞƚŽĮǀĞǇĞĂƌƐĂǁĂǇ͘ƵƌŝŶŐƚŚĂƚƟŵĞƚŚĞůĂďŽƌĂƚŽƌǇ ŵƵƐƚĐŽŶƟŶƵĞƚŽŽƉĞƌĂƚĞĂŶĚƐĞƌǀĞƚŚĞŝƚǇŝŶŝƚƐĐƵƌƌĞŶƚĐĂƉĂĐŝƚǇ͘dŚŝƐǁŝůů ƌĞƋƵŝƌĞŝŵŵĞĚŝĂƚĞŝŶƚĞƌŝŵƌĞƉĂŝƌƐ͘ Specific Observations Architectural • ZŽŽĨ͗EĞĞĚƐƚŽďĞĐŽŵƉůĞƚĞůǇƌĞƉůĂĐĞĚĚŽǁŶƚŽĚĞĐŬ͘dŚĞƌĞĂƌĞƐŽŌƐƉŽƚƐ ŝŶĚŝĐĂƟŶŐƉƌĞǀŝŽƵƐƐĂƚƵƌĂƟŽŶŽĨĂŶĚĐŽŵƉƌŽŵŝƐĞƚŽƌŽŽĨŝŶƐƵůĂƟŽŶ͛Ɛ ƚŚĞƌŵĂůǀĂůƵĞĂŶĚƌŽŽĨĂƩĂĐŚŵĞŶƚ͘ • ǆƚĞƌŝŽƌ:ŽŝŶƚƐ͗ĂƵůŬŝŶŐŝŶĐŽŶƚƌŽůũŽŝŶƚƐĂŶĚĂƌŽƵŶĚĚŽŽƌƐ͕ůŽƵǀĞƌƐ͕ĂŶĚ ǁŝŶĚŽǁƐŚĂǀĞĨĂŝůĞĚĂŶĚƐŚŽƵůĚďĞƌĞŵŽǀĞĚĂŶĚƌĞƉůĂĐĞĚ͘ǆƉĂŶƐŝŽŶ ũŽŝŶƚƐŝŶŇŽŽƌƐĂŶĚƌŽŽĨƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ͘ǆƚĞƌŝŽƌƐŽĸƚĂŶĚƐŽĸƚũŽŝŶƚƐ ŶĞĞĚƚŽďĞƌĞƉĂŝƌĞĚ͘ • ǆƚĞƌŝŽƌtŝŶĚŽǁƐĂŶĚĚŽŽƌƐ͗dŚĞƐĞĞůĞŵĞŶƚƐĚŽŶŽƚŚĂǀĞƚŚĞƌŵĂůůǇ ďƌŽŬĞŶĨƌĂŵĞƐŽƌŝŶƐƵůĂƟŶŐŐůĂƐƐƉĞƌĨŽƌŵĂŶĐĞůĞǀĞůƐƐƵĸĐŝĞŶƚƚŽŵĞĞƚ ĐƵƌƌĞŶƚĞŶĞƌŐǇĐŽĚĞƐĂŶĚƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ͘ƚĂŵŝŶŝŵƵŵƚŚĞĚŽŽƌƐ February 2018 WĂŐĞϵ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ • ZĞĐĞƉƚĂĐůĞƐ͗ZƵƐƟŶŐǁĂƐŝĚĞŶƟĮĞĚŽŶƚŚĞƌĞĐĞƉƚĂĐůĞƐ͘ZĞĐĞƉƚĂĐůĞƐŝŶƚŚĞ ůĂďƐƉĂĐĞƐĚŽŶŽƚĂƉƉĞĂƌƚŽŚĂǀĞŐƌŽƵŶĚĨĂƵůƚĐŝƌĐƵŝƚŝŶƚĞƌƌƵƉƚƉƌŽƚĞĐƟŽŶ ;'&/Ϳ͕ǁŚŝĐŚŝƐƌĞƋƵŝƌĞĚǁŚĞŶǁŽƌŬŝŶŐĂƌŽƵŶĚůŝƋƵŝĚƐ͘ƐĂƐĂĨĞƚǇ ƉƌĞĐĂƵƟŽŶ͕ĂĚĚŝŶŐ'&/ƉƌŽƚĞĐƟŽŶŝƐƌĞĐŽŵŵĞŶĚĞĚ͘ • >ŝŐŚƟŶŐ͗dŚĞŝŶƚĞƌŝŽƌůŝŐŚƟŶŐĂƉƉĞĂƌĞĚŽƌŝŐŝŶĂůƚŽďƵŝůĚŝŶŐ͘dŚƌŽƵŐŚŽƵƚ ƚŚĞďƵŝůĚŝŶŐ͕ŵĂŶǇĮǆƚƵƌĞƐǁĞƌĞŽƵƚ͘&ƵƌƚŚĞƌŵŽƌĞ͕ƚŚĞƉƵƐŚͲƚŽͲƚĞƐƚ ďƵƩŽŶŽŶƚŚĞĞŵĞƌŐĞŶĐǇůŝŐŚƚƐĚŝĚŶŽƚǁŽƌŬ͘/ƚŝƐƌĞĐŽŵŵĞŶĚĞĚƚŚĂƚ ĂůůĞŵĞƌŐĞŶĐǇůŝŐŚƟŶŐďĞƚĞƐƚĞĚĂŶĚƌĞƉůĂĐĞĚĂƐŶĞĞĚĞĚƚŽƉƌŽǀŝĚĞƐĂĨĞ ůŝŐŚƟŶŐĨŽƌĞŵĞƌŐĞŶĐǇĞŐƌĞƐƐ͘ • ĂĐŬƵƉWŽǁĞƌ͗hW^ŝƐŶĞĂƌůǇϭϬǇĞĂƌƐŽůĚĂŶĚƚŚĞƐƚĂīŵĞŵďĞƌƐƌĞƉŽƌƚĞĚ ĂůĂĐŬŽĨĂǀĂŝůĂďůĞƌĞƉůĂĐĞŵĞŶƚƉĂƌƚƐǁŚŝĐŚůĞĂĚƐƚŽƌĞĚƵĐĞƌĞůŝĂďŝůŝƚǇ ĂŶĚŝŶĐƌĞĂƐĞĚƌĞƉĂŝƌƟŵĞĚƵƌŝŶŐĨĂŝůƵƌĞƐ͘dŚĞhW^ŝƐĂĐƌŝƟĐĂůƉĂƌƚŽĨ ƚŚĞůĂďŽƌĂƚŽƌǇŽƉĞƌĂƟŽŶƐŽƚŚĂƚƚĞƐƚƐĂƌĞŶŽƚŝŶƚĞƌƌƵƉƚĞĚĚƵƌŝŶŐƉŽǁĞƌ ŽƵƚĂŐĞƐĂŶĚŝƐƌĞĐŽŵŵĞŶĚĞĚĨŽƌƌĞƉůĂĐĞŵĞŶƚ͘ WQL Analytical Testing dŚĞtY> ƚǇƉŝĐĂůůǇ ƉĞƌĨŽƌŵƐ ĂŶĂůǇƟĐĂů ƚĞƐƟŶŐ ĨŽƌ ƚŚĞ ƉƵƌƉŽƐĞ ŽĨ ƚƌĞĂƚŵĞŶƚ ƉůĂŶƚ ŽƉĞƌĂƟŽŶĂů ĐŽŶƚƌŽů͕ ĮŶŝƐŚĞĚ ǁĂƚĞƌ ĐŚĂƌĂĐƚĞƌŝǌĂƟŽŶ͕ ĚŝƐƚƌŝďƵƟŽŶ ƐǇƐƚĞŵŵŽŶŝƚŽƌŝŶŐ͕ƐƵƉƉŽƌƚŽĨǁĂƚĞƌƐŚĞĚŵŽŶŝƚŽƌŝŶŐƉƌŽŐƌĂŵƐ͕ĂŶĚƐƉĞĐŝĂů ŵŽŶŝƚŽƌŝŶŐƵƉŽŶƌĞƋƵĞƐƚ͘dŚĞƐĂŵƉůĞĐŽůůĞĐƟŽŶĨƌĞƋƵĞŶĐǇ͕ƚĞƐƚůŽĐĂƟŽŶƐ͕ƚĞƐƚ ƉĂƌĂŵĞƚĞƌƐ͕ĂŶĚĂŶĂůǇƟĐĂůŵĞƚŚŽĚƐƵƐĞĚĨŽƌĮŶŝƐŚǁĂƚĞƌĐŚĂƌĂĐƚĞƌŝǌĂƟŽŶĂŶĚ ĚŝƐƚƌŝďƵƟŽŶƐǇƐƚĞŵŵŽŶŝƚŽƌŝŶŐĂƌĞƐƉĞĐŝĮĞĚďǇW,ĂŶĚĨŽƵŶĚŝŶdŝƚůĞϰϬ ŽĨƚŚĞŽĚĞŽĨ&ĞĚĞƌĂůZĞŐƵůĂƟŽŶƐWĂƌƚϭϰϭ͘Ϯϯ;ϰϬ&Zϭϰϭ͘ϮϯͿ͕ƉƉĞŶĚŝǆ͘ dŚĞ ĂŶĂůǇƟĐĂůŵĞƚŚŽĚƐĂƌĞƚǇƉŝĐĂůůǇƚŚŽƐĞƉƵďůŝƐŚĞĚďǇh͘^͘ ŶǀŝƌŽŶŵĞŶƚĂů WƌŽƚĞĐƟŽŶŐĞŶĐǇ;WͿƵŶĚĞƌƚŚĞ^ĂĨĞƌŝŶŬŝŶŐtĂƚĞƌĐƚŽƌďǇŵĞƌŝĐĂŶ WƵďůŝĐ ,ĞĂůƚŚ ƐƐŽĐŝĂƟŽŶ ;W,Ϳ ^ƚĂŶĚĂƌĚDĞƚŚŽĚƐĨŽƌƚŚĞǆĂŵŝŶĂƟŽŶŽĨ tĂƚĞƌĂŶĚtĂƐƚĞǁĂƚĞƌ͘dŚĞůĂďƐƚĂīĂůƐŽƵƐĞƐƚŚĞƐĂŵĞƐƚĂŶĚĂƌĚƚĞƐƚŵĞƚŚŽĚƐ ƚŽƐƵƉƉŽƌƚƚƌĞĂƚŵĞŶƚƉůĂŶƚŽƉĞƌĂƟŽŶƐ͕ǁĂƚĞƌƐŚĞĚŵŽŶŝƚŽƌŝŶŐ͕ĂŶĚƚŚĞŽƚŚĞƌ ƚĞƐƟŶŐŝƚƉƌŽǀŝĚĞƐ͘dŚĞŶĞĐĞƐƐĂƌǇŵĞƚĞƌƐ͕ŝŶƐƚƌƵŵĞŶƚƐ͕ĂŶĂůǇǌĞƌƐ͕ĂƉƉůŝĂŶĐĞƐ͕ ůĂďǁĂƌĞ͕ ĂŶĚ ƐĂĨĞƚǇ ĂŶĚ ƉĞƌƐŽŶĂů ƉƌŽƚĞĐƟǀĞ ĞƋƵŝƉŵĞŶƚ ŶĞĞĚĞĚ ƚŽ ƉĞƌĨŽƌŵ ƚŚĞĂŶĂůǇƟĐĂůŵĞƚŚŽĚƐǁĞƌĞŽďƐĞƌǀĞĚ͘dŚĞĂŶĂůǇƟĐĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƚĞƐƚ ĞƋƵŝƉŵĞŶƚĞŵƉůŽǇĞĚĂƚƚŚĞtY>ŝƐƐƵĸĐŝĞŶƚůǇĂƵƚŽŵĂƚĞĚĂŶĚŵŽĚĞƌŶĂƐƚŽ ƉƌŽĚƵĐĞŚŝŐŚůǇƌĞůŝĂďůĞƚĞƐƚƌĞƐƵůƚƐŝŶĂƐĂĨĞĂŶĚĞĸĐŝĞŶƚŵĂŶŶĞƌ͘,ŽǁĞǀĞƌ͕ ƉŚǇƐŝĐĂů ůŝŵŝƚĂƟŽŶƐ ĂŶĚ ǁŽƌŬ ĞŶǀŝƌŽŶŵĞŶƚ ĚĞĮĐŝĞŶĐŝĞƐ ǁĞƌĞ ŽďƐĞƌǀĞĚ͘ dŚĞƐĞ ůŝŵŝƚĂƟŽŶƐͬĚĞĮĐŝĞŶĐŝĞƐ ĂƌĞ ĐƌĞĂƟŶŐ ůŽƐƐ ŽĨ ŽƉĞƌĂƟŽŶĂů ĞĸĐŝĞŶĐǇ͕ ďƵŝůĚŝŶŐŝƐƐƵĞƐǁŝƚŚĐŽĚĞĐŽŵƉůŝĂŶĐĞ͕ƉŽƚĞŶƟĂůƐĂĨĞƚǇŚĂǌĂƌĚƐ͕ĂŶĚĂŶŽǀĞƌĂůů ǁŽƌŬ ĞŶǀŝƌŽŶŵĞŶƚ ƚŚĂƚ ŝƐǁĞůůďĞůŽǁƚŚĞŶŽƌŵŽĨƚŚĞƚŽƉͲƟĞƌŽĨŵƵŶŝĐŝƉĂů ůĂďŽƌĂƚŽƌŝĞƐ͘ >ĞŌ ƵŶĐŽƌƌĞĐƚĞĚ͕ ƚŚĞ ĐƵƌƌĞŶƚ ůŝŵŝƚĂƟŽŶƐ ĂŶĚ ĚĞĮĐŝĞŶĐŝĞƐ ǁŝůů ĐŽŶƐƚƌĂŝŶ͕ ŝĨ ŶŽƚ ƉƌĞĐůƵĚĞ͕ ƚŚĞ ůĂď͛Ɛ ĂďŝůŝƚǇ ƚŽ ĂĐŚŝĞǀĞ ĂĐĐƌĞĚŝƚĂƟŽŶ ƵŶĚĞƌ /^Kͬ/ ϭϳϬϮϱ 'ĞŶĞƌĂů ZĞƋƵŝƌĞŵĞŶƚƐ ĨŽƌ ƚŚĞ ŽŵƉĞƚĞŶĐĞ ŽĨ dĞƐƟŶŐ ĂŶĚ ĂůŝďƌĂƟŽŶ>ĂďŽƌĂƚŽƌŝĞƐ͘ ĨŽƌŵŽƌĞĚĞƚĂŝů͘^ĞǀĞƌĂůĐƌĂĐŬƐŽŶďŽƚŚƐŝĚĞƐŽĨƚŚĞĞĂƐƚĐŽƌƌŝĚŽƌŝŶƚŽ ƌŽŽŵϭϮϱĂŶĚϭϯϮĂƉƉĞĂƌƚŽďĞŽůĚĚƌǇǁĂůůĞǆƉĂŶƐŝŽŶĐƌĂĐŬƐĂŶĚĐĂŶ ďĞĞĂƐŝůǇƌĞƉĂŝƌĞĚ;ŶŽŇŽŽƌŽƌƐƚƌƵĐƚƵƌĂůŵŽǀĞŵĞŶƚŽďƐĞƌǀĞĚͿ͘ǆƚĞƌŝŽƌ ŵĂƐŽŶƌǇƐŚŽƵůĚďĞƌĞĐŽĂƚĞĚǁŝƚŚĐůĞĂƌďƌĞĂƚŚĂďůĞǁĂůůƐĞĂůĂŶƚ͘ • &ůŽŽƌŝŶŐ͗ǆŝƐƟŶŐůĂďŽƌĂƚŽƌǇŇŽŽƌƐĂƌĞƉŽƵƌĞĚĞƉŽǆǇŝŶƐŽƵŶĚĐŽŶĚŝƟŽŶ ďƵƚŚĞĂǀŝůǇƐƚĂŝŶĞĚĂŶĚŶĞĞĚƚŽďĞƌĞĐŽĂƚĞĚŽƌĐŽǀĞƌĞĚǁŝƚŚĂůƚĞƌŶĂƚĞ ŵĂƚĞƌŝĂů͘dŚƌŽƵŐŚŽƵƚůĂďƌƵďďĞƌŵĂƚƐŚĂǀĞďĞĞŶƉůĂĐĞĚŝŶǁĞƚĂƌĞĂƐ ŽƌƵƐĞĚĨŽƌĐƵƐŚŝŽŶŝŶŐĂƚůŽĐĂƟŽŶƐƌĞƋƵŝƌŝŶŐůŽŶŐƌĞƉĞƟƟǀĞĂĐƟǀŝƟĞƐŝŶ ŽŶĞƐƉŽƚ͘ • ŽŽƌ,ĂƌĚǁĂƌĞ͗ŽŽƌƐĚŽŶŽƚŚĂǀĞůĞǀĞƌĞĚŚĂŶĚůĞƐĂŶĚĚŽŶ͛ƚŵĞĞƚ ĂĐĐĞƐƐŝďŝůŝƚǇƐƚĂŶĚĂƌĚƐ͘^ŽŵĞĚŽŽƌƐŚĂǀĞůŽĐŬƐĂŶĚƐƚƌŝŬĞƐƚŚĂƚĂƌĞƚĂƉĞĚ ŽīƐŽĂƐƚŽĂǀŽŝĚĂĐĐŝĚĞŶƚůǇůŽĐŬŝŶŐƚŚĞƌŽŽŵ͘ • &ŝƌĞ^ƉƌŝŶŬůĞƌƐ͗ůƚŚŽƵŐŚƚŚĞƐŝǌĞŽĨƚŚĞďƵŝůĚŝŶŐĂŶĚƋƵĂŶƟƟĞƐŽĨ ŚĂǌĂƌĚŽƵƐŵĂƚĞƌŝĂůǁŽƵůĚŶŽƚŵĂŶĚĂƚĞĂĮƌĞƐƉƌŝŶŬůĞƌƐǇƐƚĞŵ͕ŝĨƚŚĞǇ ǁĞƌĞĂĚĚĞĚƚŚĞǇǁŽƵůĚĞůŝŵŝŶĂƚĞƚŚĞŶĞĞĚĨŽƌƐŵŽŬĞĚĞƚĞĐƟŽŶĐůŽƐĞƌƐ ŽŶůĂďĚŽŽƌƐŝŶƌŽŽŵƐϭϭϳ͕ϭϭϯ͕ϭϭϮ͕ĂŶĚĚŽŽƌƐǁŝƚŚŝŶƚŚĞŵĂŝŶĐŽƌƌŝĚŽƌƐ͘ • ĂƐĞǁŽƌŬ͕ĮǆƚƵƌĞƐĂŶĚǁŽƌŬƐƵƌĨĂĐĞƐ͗>ĂďŽƌĂƚŽƌǇĐĂƐĞǁŽƌŬƚŚƌŽƵŐŚŽƵƚ ƚŚĞďƵŝůĚŝŶŐŝƐŝŶŵĂƌŐŝŶĂůƚŽƉŽŽƌĐŽŶĚŝƟŽŶĂŶĚŶĞĞĚƐƌĞƉůĂĐĞŵĞŶƚ͘ hZZEdWK>>hd/KEKEdZK>>͗&>KKZW>E hZZEdWK>>hd/KEKEdZK>>͗/EdZ/KZ hZZEdWK>>hd/KEKEdZK>>͗ydZ/KZ WĂŐĞϭϬ February 2018 Pollution Control Laboratory Observation Summary dŚĞ ŝƚǇ ĂŶĚ ŝƚƐ ƚĞĂŵ ĐŽŶĚƵĐƚĞĚ Ă ĐŽŶĚŝƟŽŶ ĂƐƐĞƐƐŵĞŶƚ͘ dŚĞ ƌĞƉŽƌƚ ƟƚůĞĚ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďŽƌĂƚŽƌǇƐƐĞƐƐŵĞŶƚƐ;KĐƚŽďĞƌϮϬϭϳͿ ǁĂƐƉƌĞƉĂƌĞĚƚŽĚŽĐƵŵĞŶƚƚŚĞĐŽŶĚŝƟŽŶĂŶĚƉƌŽǀŝĚĞƐƚŚĞďĂƐŝƐĨŽƌƚŚĞďĞůŽǁ ĐŽŶĐůƵƐŝŽŶƐ͘dŚĞĮŶĚŝŶŐƐĨƌŽŵƚŚĞϮϬϭϳĐŽŶĚŝƟŽŶĂƐƐĞƐƐŵĞŶƚƐĨŽƌƚŚĞW>ĂƌĞ ƐƵŵŵĂƌŝǌĞĚďĞůŽǁ͗ • dŚĞŽǀĞƌĂůůďƵŝůĚŝŶŐƐƚƌƵĐƚƵƌĂůĞůĞŵĞŶƚƐ;ĨŽƵŶĚĂƟŽŶ͕ǁĂůůƐ͕ĚĞĐŬŝŶŐͿĂƌĞ ƐŽƵŶĚĂŶĚĐĂŶƐƵƉƉŽƌƚƌĞŶŽǀĂƟŽŶ͘ • ZĞƉĂŝƌĂŶĚƌĞŶŽǀĂƟŽŶƌĞƋƵŝƌĞĚĞǀĞŶƚŽŵĞĞƚĐƵƌƌĞŶƚĨƵŶĐƟŽŶ͘ • dŚĞĨĂĐŝůŝƚǇǁŝůůƌĞƋƵŝƌĞĐŽŵƉůĞƚĞŝŶƚĞƌŝŽƌƌĞŶŽǀĂƟŽŶĂŶĚĞǆƉĂŶƐŝŽŶƚŽ ŵĞĞƚĨƵƚƵƌĞŶĞĞĚƐ͘ • ŶŚĂŶĐĞĚƉĞƌƐŽŶŶĞůǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚƐ͕ǁŽƌŬŇŽǁ͕ĞŶĞƌŐǇ ĐŽĚĞƌĞƋƵŝƌĞŵĞŶƚƐ͕ĂŶĚƌĞƉĂŝƌĂŶĚƌĞƉůĂĐĞŵĞŶƚŶĞĞĚƐǁŝůůĚƌŝǀĞ ƚŚĞƌĞŶŽǀĂƟŽŶƐ͘ • dŚĞĞǆŝƐƟŶŐƐŝƚĞĂƚƚŚĞW>ƉƌŽǀŝĚĞƐƐŽŵĞĐĂƉĂďŝůŝƚǇĨŽƌƚŚĞďƵŝůĚŝŶŐ ĞǆƉĂŶƐŝŽŶďƵƚŝƐĐŽŶĮŶĞĚďǇƌŽĂĚǁĂǇƐ͕ƵƟůŝƟĞƐĂŶĚĂĚũĂĐĞŶƚ ƉƌŽĐĞƐƐƐƚƌƵĐƚƵƌĞƐ͘ • ǆŝƐƟŶŐW>ĚŽĞƐŶŽƚŚĂǀĞƐƵĸĐŝĞŶƚƐƉĂĐĞĨŽƌĐŽŵďŝŶĞĚůĂďŽƌĂƚŽƌǇ͕ ďƵƚĞǆŝƐƟŶŐƐƉĂĐĞŝƐĂǀĂŝůĂďůĞŽŶƚŚĞtd&ĂŶĚtZ&ƐŝƚĞĨŽƌĂ ĐŽŵďŝŶĞĚĨĂĐŝůŝƚǇ͘ • ^ŝŐŶŝĮĐĂŶƚŝŵƉƌŽǀĞŵĞŶƚƐƚŽƚŚĞĞǆŝƐƟŶŐĨĂĐŝůŝƚǇĂƌĞƌĞƋƵŝƌĞĚũƵƐƚƚŽ ŵĂŝŶƚĂŝŶƐƚĂƚƵƐƋƵŽ͘ ZŽŽĨŽǀĞƌŇŽǁĚƌĂŝŶƐŶĞĞĚƚŽďĞĂĚĚĞĚĂƚƐƉĞĐŝĮĐůŽĐĂƟŽŶƐƚŽƉƌĞǀĞŶƚƌŽŽĨ ŇŽŽĚŝŶŐ͘ǆƚĞƌŝŽƌďƌŝĐŬĂŶĚĐŽŶĐƌĞƚĞŶĞĞĚƚŽďĞƌĞƐĞĂůĞĚĂŶĚũŽŝŶƚƐŶĞĞĚƚŽ ďĞƌĞͲĐĂƵůŬĞĚ͘dŽŝŵƉƌŽǀĞůĂďǁŽƌŬŇŽǁ͕ĞĸĐŝĞŶĐǇĂŶĚƉŽƐŝƟŽŶƚŚĞůĂďĨŽƌ/^Kͬ /ϭϳϬϮϱĂĐĐƌĞĚŝƚĂƟŽŶ͕ƐŽŵĞďƵŝůĚŝŶŐĞǆƉĂŶƐŝŽŶŝƐŶĞĞĚĞĚ͘ƚĂŵŝŶŝŵƵŵ͕ ƚŚŝƐǁŽƵůĚŝŶĐůƵĚĞĂĚĚŝƟŽŶŽĨĂƐĂŵƉůĞƌĞĐĞŝǀŝŶŐĂƌĞĂ͕ƐĞĐƵƌĞƌĞĐŽƌĚƐƐƚŽƌĂŐĞ͕ ƐĞĐƵƌĞĐŚĞŵŝĐĂůƐƚŽƌĂŐĞ͕ĂŵŽŶŐŽƚŚĞƌŝƚĞŵƐ͘dŚĞƐŝƚĞƉƌŽǀŝĚĞƐƐŽŵĞĐĂƉĂďŝůŝƚǇ ĨŽƌƚŚĞďƵŝůĚŝŶŐƚŽďĞĞǆƉĂŶĚĞĚƚŽƚŚĞŶŽƌƚŚ͕ĂŶĚƐŽƵƚŚ͘ dŚĞĨĂĐŝůŝƚǇĂůƐŽŚĂƐĂŐĂƌĂŐĞƚŚĂƚĐŽƵůĚƉƌŽǀŝĚĞĞǆƉĂŶƐŝŽŶƌŽŽŵŝĨĐƵƌƌĞŶƚƵƐĞ ǁĞƌĞ ƌĞůŽĐĂƚĞĚ Žƌ ĂĚĚĞĚ ƚŽ ĂŶ ĞǆƉĂŶƐŝŽŶ͘ 'ƌĂĚŝŶŐ ĂŶĚ ĚƌĂŝŶĂŐĞ ƐŚŽƵůĚ ďĞ ƐƚƵĚŝĞĚƚŽƉƌŽǀŝĚĞƉŽƐŝƟǀĞƐƚŽƌŵǁĂƚĞƌĚƌĂŝŶĂŐĞĂǁĂǇĨƌŽŵƚŚĞƐƚƌƵĐƚƵƌĞ͘/ƚ ŝƐĂƐƐƵŵĞĚƚŚĞŵŝŶŝŵƵŵĂŵŽƵŶƚŽĨƟŵĞŶĞĐĞƐƐĂƌǇƚŽƌĞŵŽĚĞů͕ĞǆƉĂŶĚ͕Žƌ ƌĞƉůĂĐĞƚŚŝƐůĂďŽƌĂƚŽƌǇŝƐĂƚůĞĂƐƚƚŚƌĞĞƚŽĮǀĞǇĞĂƌƐĂǁĂǇ͘ƵƌŝŶŐƚŚĂƚƟŵĞƚŚĞ ůĂďŽƌĂƚŽƌǇŵƵƐƚĐŽŶƟŶƵĞƚŽŽƉĞƌĂƚĞĂŶĚƐĞƌǀĞƚŚĞŝƚǇŝŶŝƚƐĐƵƌƌĞŶƚĐĂƉĂĐŝƚǇ͘ dŚŝƐǁŝůůƌĞƋƵŝƌĞƚŚĞĨŽůůŽǁŝŶŐŝŵŵĞĚŝĂƚĞƌĞƉĂŝƌƐ͘ • ƵƚŽǀĞƌŚĂŶŐŝŶŐƚƌĞĞƐĂŶĚŵŽŶŝƚŽƌƚŚĞƌŽŽĨŵŽŶƚŚůǇƚŽĂƐƐƵƌĞĚƌĂŝŶƐĂƌĞ ŶŽƚĐůŽŐŐĞĚĂŶĚƌĞƉůĂĐĞƌŽŽĨĚƌĂŝŶƐĐƌĞĞŶƐ͘ • WĂƚĐŚĂůůƌĞŽĐĐƵƌƌŝŶŐƌŽŽĨůĞĂŬƐ͘ • ĚĚŽǀĞƌŇŽǁĚƌĂŝŶĂŐĞƐĐƵƉƉĞƌĂƚƌŽŽĨůŝŶĞ͘ • ^ĞĂůŽƉĞŶŝŶŐƐŝŶĞǆŝƐƟŶŐĚƵĐƚǁŽƌŬĂŶĚŇĞǆŝďůĞĐŽŶŶĞĐƟŽŶƐŽŶƌŽŽĨ͘ Observation Key Findings dŚĞďĂƐŝĐƐƚƌƵĐƚƵƌĞ͕ĨŽƵŶĚĂƟŽŶ͕ĐŽŶĐƌĞƚĞ͕ĞǆƚĞƌŝŽƌǁĂůůƐ͕ƐƚƌƵĐƚƵƌĂůƐƚĞĞů͕ƌŽŽĨ ĚĞĐŬ͕ĂŶĚĞǆƚĞƌŝŽƌĮŶŝƐŚĞƐĂƌĞƐŽƵŶĚ͘hƟůŝƟĞƐƚŽƚŚĞďƵŝůĚŝŶŐĂƌĞĂĚĞƋƵĂƚĞ ǁŝƚŚ ƚŚĞ ĞǆĐĞƉƟŽŶ ŽĨ ƚŚĞ ƐĂŶŝƚĂƌǇ ƐĞǁĞƌ ƚŚĂƚǁŝůůƌĞƋƵŝƌĞƌĞƉůĂĐĞŵĞŶƚĂŶĚ ŝŶĐƌĞĂƐĞĚ ƉŝƉĞ ƐŝǌĞ ĨŽƌ ĐƵƌƌĞŶƚ ĐĂƉĂĐŝƚǇ͘ ^ŽŵĞ ĂƌĞĂƐ ŽĨ ƚŚĞ ďƵŝůĚŝŶŐ ĂƌĞ ŝŶ ŐŽŽĚĐŽŶĚŝƟŽŶƐƐƵĐŚĂƐƚŚĞŽĸĐĞƐ͕ĐŽŶĨĞƌĞŶĐĞƌŽŽŵ͕ĂŶĚďƌĞĂŬƌŽŽŵ͘&ŽƌƚŚĞ ďƵŝůĚŝŶŐƚŽĐŽŶƟŶƵĞƚŽďĞƵƐĞĚĂƐĂůĂďŽƌĂƚŽƌǇƚŚĂƚǁŝůůƐĞƌǀĞƚŚĞŝƚǇĨŽƌƚŚĞ ŶĞǆƚϯϬǇĞĂƌƐĂŵĂũŽƌƌĞŶŽǀĂƟŽŶŝƐŶĞĞĚĞĚ͘dŚĞďƵŝůĚŝŶŐŶĞĞĚƐĂĐŽŵƉůĞƚĞ ŝŶƚĞƌŝŽƌƌĞŶŽǀĂƟŽŶĂŶĚĞǆƉĂŶƐŝŽŶ͘ĂĐŚŽĨƚŚĞůĂďŽƌĂƚŽƌǇƌŽŽŵƐŶĞĞĚĐĂďŝŶĞƚ ĂŶĚĮǆƚƵƌĞƌĞƉůĂĐĞŵĞŶƚĂůŽŶŐǁŝƚŚƐŽŵĞƌĞĂůŝŐŶŵĞŶƚŽĨƌŽŽŵĨƵŶĐƟŽŶƐ͘ ZĞƐƚƌŽŽŵƐ ŶĞĞĚ ƚŽ ďĞ ƚŽ ƌĞŵŽĚĞůĞĚ͘ dŚĞ ĨĂĐŝůŝƚǇ ŶĞĞĚƐ Ă ƐĞĐƵƌĞĚƌĞĐŽƌĚ ĂŶĚƐĂŵƉůĞƐƚŽƌĂŐĞĂƌĞĂ͘ŽŵƉƌĞƐƐĞĚŐĂƐĞƐƐŚŽƵůĚďĞƐĞĐƵƌĞĂŶĚƌĞŵŽǀĞĚ ĨƌŽŵƚŚĞůĂďŽƌĂƚŽƌŝĞƐ͘>ĂďŽƌĂƚŽƌǇǁĂůůƐŶĞĞĚƚŽďĞƉĂŝŶƚĞĚĂŶĚŇŽŽƌĮŶŝƐŚĞƐ ƌĞƐƵƌĨĂĐĞĚ͘^ŽŵĞŵĞĐŚĂŶŝĐĂůĞƋƵŝƉŵĞŶƚŶĞĞĚƐƚŽďĞƌĞƉůĂĐĞĚ͘dŚĞĞůĞĐƚƌŝĐĂů ƐǇƐƚĞŵŶĞĞĚƐĐŽĚĞƵƉĚĂƚĞƐ͕ĂŶĚƚŚĞƐƚŽƌĂŐĞĂƌĞĂƐŶĞĞĚƚŽďĞĞǆƉĂŶĚĞĚĂŶĚ ĐŚĞŵŝĐĂůƐĂŶĚƐƵƉƉůŝĞƐŝŶŵĞĐŚĂŶŝĐĂůĂŶĚĞůĞĐƚƌŝĐĂůƌŽŽŵƐŶĞĞĚƚŽďĞƌĞŵŽǀĞĚ͘ February 2018 WĂŐĞϭϭ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ • DĞĐŚĂŶŝĐĂůͬůĞĐƚƌŝĐĂůZŽŽŵƐ͗dŚĞĞǆŝƐƟŶŐŵĞĐŚĂŶŝĐĂůͬĞůĞĐƚƌŝĐĂůƌŽŽŵŝƐ ĨƵůůŽĨŵŽƚŽƌƐƚĂƌƚĞƌƐǁŝƚŚĞƋƵŝƉŵĞŶƚďĞŝŶŐƐƚŽƌĞĚŝŶƚŚĞŵŝĚĚůĞŽĨƚŚĞ ƌŽŽŵ͕ǀŝŽůĂƟŶŐƚŚĞǁŽƌŬŝŶŐƐƉĂĐĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞE͘dŚĞƌŽŽŵ͛Ɛ ĞŶƚƌǇĚŽŽƌƐĂůƐŽŽƉĞŶƚŽƚŚĞŝŶƐŝĚĞŽĨƚŚĞƌŽŽŵ͕ǁŚŝĐŚĚŽĞƐŶŽƚƉƌŽǀŝĚĞ ƚŚĞƉƌŽƉĞƌĞŐƌĞƐƐĚĞĮŶĞĚďǇƚŚĞĐƵƌƌĞŶƚE͘/ƚŝƐƌĞĐŽŵŵĞŶĚĞĚƚŚĂƚ ƚŚĞƐĞƌŽŽŵƐďĞŵŽĚŝĮĞĚƚŽŵĞĞƚƚŚĞƐĂĨĞƚǇƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞE͘ • ^ƵƌŐĞWƌŽƚĞĐƟŽŶ͗dŚĞƌĞŝƐŶŽƐƵƌŐĞƉƌŽƚĞĐƟŽŶŝŶƐƚĂůůĞĚŽŶĂŶǇŽĨƚŚĞŽůĚ ƉĂŶĞůƐĂŶĚĚŽĞƐŶŽƚƉƌŽǀŝĚĞĂŶǇƐƵƌŐĞƉƌŽƚĞĐƟŽŶĨŽƌƚŚĞůĂďĞƋƵŝƉŵĞŶƚ͘ ^ƵƌŐĞƉƌŽƚĞĐƟŽŶǁĂƐŝŶƐƚĂůůĞĚŽŶƚŚĞŶĞǁůŝŐŚƟŶŐƉĂŶĞůƐ͕ďƵƚĚƵƌŝŶŐ ŝŶƐƉĞĐƟŽŶ͕ǁĂƐŝŶĚŝĐĂƟŶŐĨĂŝůƵƌĞŝŶŵƵůƟƉůĞƉŚĂƐĞƐ͘dŽĞŶƐƵƌĞƚŚĞ ƉƌŽƉĞƌƉƌŽƚĞĐƟŽŶŽĨƚŚĞůĂďĞƋƵŝƉŵĞŶƚ͕ƌĞƉůĂĐŝŶŐƚŚĞƐƵƌŐĞƉƌŽƚĞĐƟŽŶ ŽŶƚŚĞŶĞǁĞƌƉĂŶĞůƐĂŶĚŝŶƐƚĂůůŝŶŐƐƵƌŐĞƉƌŽƚĞĐƟŽŶŽŶĞǆŝƐƟŶŐƉĂŶĞůƐŝƐ ƌĞĐŽŵŵĞŶĚĞĚ͘ • >ŝŐŚƟŶŐ͗dŚĞŝŶƚĞƌŝŽƌůŝŐŚƟŶŐĂƉƉĞĂƌĞĚƚŽďĞŽƌŝŐŝŶĂůƚŽƚŚĞďƵŝůĚŝŶŐ͘ /ƚƐŚŽǁĞĚƐŝŐŶŝĮĐĂŶƚĐŽƌƌŽƐŝŽŶŽŶƚŚĞŶŽƌƚŚĞĂƐƚƐŝĚĞ͕ĂŶĚƚŚĞƉƵƐŚͲ ƚŽͲƚĞƐƚďƵƩŽŶŽŶƚŚĞĞŵĞƌŐĞŶĐǇůŝŐŚƟŶŐĚŝĚŶŽƚĂƉƉĞĂƌƚŽǁŽƌŬ͘/ƚŝƐ ƌĞĐŽŵŵĞŶĚĞĚƚŚĂƚĂůůĞŵĞƌŐĞŶĐǇůŝŐŚƟŶŐďĞƚĞƐƚĞĚĂŶĚƌĞƉůĂĐĞĚĂƐ ŶĞĞĚĞĚƚŽƉƌŽǀŝĚĞƐĂĨĞůŝŐŚƟŶŐĨŽƌĞŵĞƌŐĞŶĐǇĞŐƌĞƐƐ͘ PCL Analytical Testing dŚĞ W> ƚǇƉŝĐĂůůǇ ƉĞƌĨŽƌŵƐ ĂŶĂůǇƟĐĂů ƚĞƐƟŶŐ͕ ƚƌĞĂƚŵĞŶƚ ƉůĂŶƚ ŽƉĞƌĂƟŽŶĂů ĐŽŶƚƌŽů͕ ŝŶĚƵƐƚƌŝĂůƉƌĞƚƌĞĂƚŵĞŶƚ͕ĮŶŝƐŚĞĚĞŋƵĞŶƚĚŝƐĐŚĂƌŐĞŵŽŶŝƚŽƌŝŶŐ͕ĂŶĚ ƌĞĐĞŝǀŝŶŐƐƚƌĞĂŵǁĂƚĞƌƋƵĂůŝƚǇ͘dŚĞůĂďĂůƐŽƉĞƌĨŽƌŵƐƐƉĞĐŝĂůŵŽŶŝƚŽƌŝŶŐƵƉŽŶ ƌĞƋƵĞƐƚ͘ dŚĞ ƐĂŵƉůĞ ĐŽůůĞĐƟŽŶ ĨƌĞƋƵĞŶĐǇ͕ ƚĞƐƚ ůŽĐĂƟŽŶƐ͕ ƚĞƐƚ ƉĂƌĂŵĞƚĞƌƐ͕ ĂŶĚĂŶĂůǇƟĐĂůŵĞƚŚŽĚƐƵƐĞĚĨŽƌƚĞƐƟŶŐŽĨƚŚĞĮŶŝƐŚĞĚĞŋƵĞŶƚĚŝƐĐŚĂƌŐĞŝƐ ƐƉĞĐŝĮĞĚďǇƚŚĞW,ĂŶĚĨŽƵŶĚŝŶϰϬ&Zϭϯϲ͘ϯ͘dŚĞĂŶĂůǇƟĐĂůŵĞƚŚŽĚƐ ĂƌĞƚǇƉŝĐĂůůǇƚŚŽƐĞƉƵďůŝƐŚĞĚďǇWƵŶĚĞƌƚŚĞůĞĂŶtĂƚĞƌĐƚŽƌďǇW, ^ƚĂŶĚĂƌĚ DĞƚŚŽĚƐ ĨŽƌ ƚŚĞ ǆĂŵŝŶĂƟŽŶ ŽĨ tĂƚĞƌ ĂŶĚ tĂƐƚĞǁĂƚĞƌ͘ dŚĞ ůĂď ƐƚĂī ĂůƐŽ ƵƐĞƐ ƚŚĞ ƐĂŵĞ ƐƚĂŶĚĂƌĚ ƚĞƐƚŵĞƚŚŽĚƐƚŽƐƵƉƉŽƌƚƚƌĞĂƚŵĞŶƚƉůĂŶƚ ŽƉĞƌĂƟŽŶƐ͕ŝŶĚƵƐƚƌŝĂůƉƌĞƚƌĞĂƚŵĞŶƚƚĞƐƟŶŐ͕ĂŶĚƌĞĐĞŝǀŝŶŐǁĂƚĞƌƚĞƐƟŶŐ͘ dŚĞŶĞĐĞƐƐĂƌǇŵĞƚĞƌƐ͕ŝŶƐƚƌƵŵĞŶƚƐ͕ĂŶĂůǇǌĞƌƐ͕ĂƉƉůŝĂŶĐĞƐ͕ůĂďǁĂƌĞ͕ƐĂĨĞƚǇĂŶĚ ƉĞƌƐŽŶĂůƉƌŽƚĞĐƟǀĞĞƋƵŝƉŵĞŶƚŶĞĞĚĞĚƚŽƉĞƌĨŽƌŵƚŚĞĂŶĂůǇƟĐĂůŵĞƚŚŽĚƐǁĞƌĞ ŽďƐĞƌǀĞĚ͘dŚĞĂŶĂůǇƟĐĂůƚĞĐŚŶŽůŽŐŝĞƐĂŶĚƚĞƐƚĞƋƵŝƉŵĞŶƚĞŵƉůŽǇĞĚĂƚƚŚĞW> ŝƐƐƵĸĐŝĞŶƚůǇĂƵƚŽŵĂƚĞĚĂŶĚŵŽĚĞƌŶĂƐƚŽƉƌŽĚƵĐĞŚŝŐŚůǇƌĞůŝĂďůĞƚĞƐƚƌĞƐƵůƚƐ ŝŶ Ă ƐĂĨĞ ĂŶĚ ĞĸĐŝĞŶƚ ŵĂŶŶĞƌ͘ ,ŽǁĞǀĞƌ͕ ůĂď ƉŚǇƐŝĐĂů ůŝŵŝƚĂƟŽŶƐ ĂŶĚ ǁŽƌŬ ĞŶǀŝƌŽŶŵĞŶƚĚĞĮĐŝĞŶĐŝĞƐǁĞƌĞŽďƐĞƌǀĞĚ͘dŚĞƐĞůŝŵŝƚĂƟŽŶƐĂŶĚĚĞĮĐŝĞŶĐŝĞƐĂƌĞ ĐƌĞĂƟŶŐůŽƐƐŽĨŽƉĞƌĂƟŽŶĂůĞĸĐŝĞŶĐǇĂŶĚĂŶŽǀĞƌĂůůǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚƚŚĂƚŝƐ ǁĞůůďĞůŽǁƚŚĞŶŽƌŵŽĨƚŚĞƚŽƉƟĞƌŽĨŵƵŶŝĐŝƉĂůůĂďŽƌĂƚŽƌŝĞƐ͘>ĞŌƵŶĐŽƌƌĞĐƚĞĚ ƚŚĞĐƵƌƌĞŶƚůŝŵŝƚĂƟŽŶƐĂŶĚĚĞĮĐŝĞŶĐŝĞƐǁŝůůĐŽŶƐƚƌĂŝŶ͕ŝĨŶŽƚƉƌĞĐůƵĚĞƚŚĞůĂď͛Ɛ ĂďŝůŝƚǇƚŽĂĐŚŝĞǀĞĂĐĐƌĞĚŝƚĂƟŽŶƵŶĚĞƌ/^Kͬ/ϭϳϬϮϱ͘ Specific Observations Architectural • ZŽŽĨ͗ZĞĐĞŶƚƐƉƌŝŶŐƌĂŝŶƐĐĂƵƐĞĚŵĂŶǇůĞĂŬƐŝŶƚŚĞŽůĚĞƐƚƐĞĐƟŽŶŽĨƚŚĞ ďƵŝůĚŝŶŐ͘dŚŝƐǁĂƐĐĂƵƐĞĚďǇůĂĐŬŽĨĂŶŽǀĞƌŇŽǁĚƌĂŝŶĂŶĚŽǀĞƌŚĂŶŐŝŶŐ ƚƌĞĞƐǁŝƚŚůĞĂǀĞƐĐůŽŐŐŝŶŐƚŚĞĚƌĂŝŶƐ͘KǀĞƌŇŽǁĚƌĂŝŶƐĂƌĞƌĞƋƵŝƌĞĚďǇ ĐƵƌƌĞŶƚĐŽĚĞĂŶĚƉƌŽǀŝĚĞĚƌĂŝŶĂŐĞŝĨƚŚĞƉƌŝŵĂƌǇĚƌĂŝŶďĞĐŽŵĞƐĐůŽŐŐĞĚ͘ ŶŽǀĞƌŇŽǁĚƌĂŝŶŽƌƐĐƵƉƉĞƌŶĞĞĚƐƚŽďĞĂĚĚĞĚ͘ǆŝƐƟŶŐƌŽŽĨŵƵƐƚ ďĞƌĞƉůĂĐĞĚĚŽǁŶƚŽŵĞƚĂůĚĞĐŬ͘KƚŚĞƌŶĞǁĞƌƐĞĐƟŽŶƐŽĨƚŚĞďƵŝůĚŝŶŐ ĂƉƉĞĂƌƚŽĂĚĞƋƵĂƚĞůǇĚƌĂŝŶĂŶĚƚŽďĞŝŶĨĂŝƌĐŽŶĚŝƟŽŶĂŶĚŵĂǇŶŽƚŶĞĞĚ ƌĞƉůĂĐĞŵĞŶƚƵŶůĞƐƐďƵŝůĚŝŶŐĚĞƉĂƌƚŵĞŶƚƌĞƋƵŝƌĞƐĞŶĞƌŐǇĐŽŶƐĞƌǀĂƟŽŶ ƵƉŐƌĂĚĞƐ͘^ŽŵĞƌŽŽĨĚƌĂŝŶƐƚƌĂŝŶĞƌƐŚĂǀĞďĞĞŶƌĞŵŽǀĞĚĂŶĚƐŚŽƵůĚ ďĞƌĞƉůĂĐĞĚ͘ • ǆƚĞƌŝŽƌ:ŽŝŶƚƐ͗ĂƵůŬŝŶŐŝŶĐŽŶƚƌŽůũŽŝŶƚƐĂŶĚĂƌŽƵŶĚĚŽŽƌƐ͕ůŽƵǀĞƌƐ͕ĂŶĚ ǁŝŶĚŽǁƐŚĂǀĞĨĂŝůĞĚĂŶĚƐŚŽƵůĚďĞƌĞŵŽǀĞĚĂŶĚƌĞƉůĂĐĞĚ͘ǆƉĂŶƐŝŽŶ ũŽŝŶƚƐŝŶŇŽŽƌƐĂŶĚƌŽŽĨƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ͘ • ǆƚĞƌŝŽƌtŝŶĚŽǁƐĂŶĚŽŽƌƐ͗tŝŶĚŽǁƐĂŶĚĚŽŽƌƐŝŶƚŚĞŶĞǁĞƌƉŽƌƟŽŶƐ ŽĨƚŚĞďƵŝůĚŝŶŐŚĂǀĞŝŶƐƵůĂƚĞĚŐůĂƐƐĂŶĚƚŚĞƌŵĂůůǇďƌŽŬĞŶǁŝŶĚŽǁƐ͘ KůĚĞƐƚƐĞĐƟŽŶŽĨƚŚĞďƵŝůĚŝŶŐŚĂƐƐŝŶŐůĞƉĂŶĞŐůĂƐƐĂŶĚŶŽƚŚĞƌŵĂů ďƌĞĂŬŝŶƚŚĞĨƌĂŵĞĂŶĚƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ͘EŽŶĞŽĨƚŚĞďƵŝůĚŝŶŐƐŚĂǀĞ WĂŐĞϭϮ February 2018 Mulberry Water Reclamation Facility dŚĞ ŝƚǇ ĂŶĚ ŝƚƐ ƚĞĂŵ ĐŽŶĚƵĐƚĞĚ Ă ĐŽŶĚŝƟŽŶ ĂƐƐĞƐƐŵĞŶƚ͘ ůƚŚŽƵŐŚƚŚĞ DƵůďĞƌƌǇĨĂĐŝůŝƚǇƐŝƚĞŝƐŶŽƚĐƵƌƌĞŶƚůǇƚŚĞŚŽŵĞĨŽƌĞŝƚŚĞƌƚŚĞtY>ŽƌƚŚĞW>ŝƚ ǁĂƐĞǀĂůƵĂƚĞĚĂƐĂƉĂƌƚŽĨƚŚŝƐĂƐƐĞƐƐŵĞŶƚďĞĐĂƵƐĞŽĨŝƚƐĐĞŶƚƌĂůůŽĐĂƟŽŶ͘ŶǇ tY>͕W>ŽƌĐŽŵďŝŶĞĚtY>ͬW>ůĂďŽƌĂƚŽƌǇŽŶƚŚŝƐƐŝƚĞǁŽƵůĚŶĞĐĞƐƐĂƌŝůǇďĞ Ă͞ŐƌĞĞŶĮĞůĚ͟ĨĂĐŝůŝƚǇƉƌŽũĞĐƚ͘ǆŝƐƟŶŐƐŝƚĞĨĂĐŝůŝƟĞƐĂƉƉĞĂƌƚŽďĞŝŶǀĞƌǇŐŽŽĚ ĐŽŶĚŝƟŽŶ͕ĂƉƉĞĂƌǁĞůůŵĂŝŶƚĂŝŶĞĚĂŶĚƚŚĞƌĞǁĞƌĞŶŽƐƵďƐƚĂŶƟĂůƉĞƌĨŽƌŵĂŶĐĞ ĚĞĮĐŝĞŶĐŝĞƐƌĞƉŽƌƚĞĚ͘dŚĞƐŝƚĞĂŶĚŝƚƐĨĂĐŝůŝƟĞƐĂƌĞĐƵƌƌĞŶƚůǇŶŽƚŽĐĐƵƉŝĞĚŽŶĂ ĐŽŶƟŶƵŽƵƐĂŶĚͬŽƌĚĂŝůǇďĂƐŝƐ Other Alternate Scenarios EŽĐƟŽŶůƚĞƌŶĂƟǀĞ ŶŽĂĐƟŽŶĂůƚĞƌŶĂƟǀĞŝƐŶŽƚĨĞĂƐŝďůĞ͕ĂƐŶŽĂĐƟŽŶǁŽƵůĚŶŽƚŵĞĞƚƚŚĞŝƚǇ͛Ɛ ƉƌŽũĞĐƚŽďũĞĐƟǀĞƐ͘dŚĞŝƚǇĚĞĮŶĞĚƚŚĞǁŽƌůĚͲĐůĂƐƐǀŝƐŝŽŶĨŽƌƚŚĞůĂďŽƌĂƚŽƌŝĞƐ ƚŽƉƌŽǀŝĚĞĂĨĂĐŝůŝƚǇƚŚĂƚǁŽƵůĚ͗ • DĞĞƚƚŚĞ/^KĂŶĚ E>WĂĐĐƌĞĚŝƚĂƟŽŶ • WƌŽǀŝĚĞĂϯϬͲǇĞĂƌůŝĨĞ • ŶŚĂŶĐĞǁŽƌŬŇŽǁƐ • /ŵƉƌŽǀĞŚĞĂůƚŚĂŶĚƐĂĨĞƚǇ • ŶŚĂŶĐĞǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚ • WƌŽŵŽƚĞŽƌŐĂŶŝǌĂƟŽŶĞĸĐŝĞŶĐǇ • /ŵƉƌŽǀĞůĞǀĞůŽĨƐĞƌǀŝĐĞ dŚĞďƵĚŐĞƚĨŽƌŽƵƚƐŽƵƌĐŝŶŐǁŽƵůĚŶĞĞĚƚŽƌĞŇĞĐƚĂƚŽƚĂůƌĞĚƵĐƟŽŶŝŶƐƚĂī͕ďƵƚ ŵĂŝŶƚĂŝŶƐƵĸĐŝĞŶƚƐƚĂīƚŽŵĂŶĂŐĞƚŚĞĂŶĂůǇƟĐĂůƉƌŽŐƌĂŵ͕ƐƵƉƉŽƌƟŶŐƐĂŵƉůĞ ĐŽůůĞĐƟŽŶ͕ƚƌĂŶƐƉŽƌƚ͕ĚĂƚĂĂƌĐŚŝǀĞ͕ĂŶĚĐŽŽƌĚŝŶĂƚĞǁŝƚŚƉƌŽĐĞƐƐŽƉĞƌĂƟŽŶƐ͘dŚĞ ĂŶĂůǇƟĐĂůǁŽƌŬĂůƐŽŝŶĐůƵĚĞƐŵĂƌŬƵƉƐƚŽĂĚũƵƐƚĨŽƌƚŚĞŝƚǇ͛ƐƌĞƐƉŽŶƐŝǀĞŶĞƐƐ ĂŶĚ ƋƵĂůŝƚǇ ĐŽŶƚƌŽů ƉƌŽŐƌĂŵ͘ dŚĞ ƚĂďůĞ ďĞůŽǁ ƐŚŽǁƐ ƚŚĞ ĞƐƟŵĂƚĞĚ ďƵĚŐĞƚ ĨŽƌŽƵƚƐŽƵƌĐŝŶŐ͘ Outsourcing Budget ŶŶƵĂůKƉĞƌĂƟŽŶĂů Costs (lapsing) ĞƐĐƌŝƉƟŽŶ WQL PCL Watershed Total WĞƌƐŽŶŶĞů^ĞƌǀŝĐĞƐ ƐĂůĂƌŝĞƐΘďĞŶĞĮƚƐ ΨϯϬϭ͕ϰϰϴ Ψϯϰϱ͕ϵϱϲ Ψϭϴϯ͕ϲϰϵ Ψϴϯϭ͕Ϭϱϯ Purchased WƌŽĨĞƐƐŝŽŶĂůΘ dĞĐŚŶŝĐĂů^ĞƌǀŝĐĞƐ ƚƌĂŝŶŝŶŐ͕ĨĞĚ͘ŐŽǀ ƐĞƌǀ;h^'^Ϳ͕ŽƵƚƐŝĚĞ ƚĞƐƟŶŐ͕ĐŽŶƐƵůƟŶŐ͙ ΨϯϬ͕ϱϬϬ Ψϱϳ͕ϬϮϴ ΨϭϯϮ͕ϳϬϬ ΨϮϮϬ͕ϮϮϴ Purchased WƌŽƉĞƌƚǇ^ĞƌǀŝĐĞƐ ƵŝůĚŝŶŐƵƟůŝƟĞƐ͕ ũĂŶŝƚŽƌŝĂů͕ŇĞĞƚ͕ ŝŶƐƚƌƵŵĞŶƚƐĞƌǀŝĐĞ ĐŽŶƚƌĂĐƚƐ͙ ΨϰϮ͕ϲϳϬ ΨϮϱ͕ϴϴϯ ΨϮ͕ϱϬϬ Ψϳϭ͕Ϭϱϯ Other WƵƌĐŚĂƐĞĚ^ĞƌǀŝĐĞƐ ƉŚŽŶĞƐ͕ŵŝůĞĂŐĞ͕ ĚƵĞƐ͕ĐŽŶĨĞƌĞŶĐĞƐ Ψϯ͕Ϭϱϰ Ψϭ͕ϯϵϯ Ψϯ͕ϱϬϬ Ψϳ͕ϵϰϲ ^ƵƉƉůŝĞƐ ŽĸĐĞƐƵƉƉůŝĞƐ͕ĐŽŵƉƵƚĞƌ ŚĂƌĚǁĂƌĞ͕ƐŽŌǁĂƌĞ͕ ĐŚĞŵŝĐĂůƐ͕ĨŽŽĚ͕ ƵŶŝĨŽƌŵƐ͕ůĂďƐƵƉƉůŝĞƐ͙ ΨϯϮ͕ϵϭϭ Ψϯϳ͕ϬϱϬ ΨϭϬ͕ϳϬϬ ΨϴϬ͕ϲϲϭ KƵƚƐŽƵƌĐŝŶŐ ŶĂůǇƟĐĂů tdZYh>/dz> tdZYh>/dz> February 2018 WĂŐĞϭϯ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ City of Longmont, Water Quality Laboratory dŚĞŝƚǇŽĨ>ŽŶŐŵŽŶƚ͛Ɛ>ĂďŽƌĂƚŽƌǇŝƐůŽĐĂƚĞĚĂƚƚŚĞŝƚǇ͛ƐtĂƐƚĞǁĂƚĞƌdƌĞĂƚŵĞŶƚ &ĂĐŝůŝƚǇ ƚŽĐĞŶƚƌĂůŝǌĞŽƉĞƌĂƟŽŶ͘dŚĞůĂďŽƌĂƚŽƌǇŝƐĂϱ͕ϬϬϬƐĨĨĂĐŝůŝƚǇƚŚĂƚǁĂƐ ĐŽŶƐƚƌƵĐƚĞĚŝŶϮϬϬϴ͘dŚĞĐŽŶƐƚƌƵĐƟŽŶĐŽƐƚǁĂƐΨϭ͘ϵŵŝůůŝŽŶ͘dŚĞŝƚǇŚĂĚƚŽ ĐŽŶĨŽƌŵƚŽĂƐƚƌŝĐƚďƵĚŐĞƚƐŽƐŽŵĞĐŽŵƉƌŽŵŝƐĞǁĂƐƌĞƋƵŝƌĞĚ͘dŚĞŝƚǇĐŚŽƐĞ ƚŽƉƌŝŽƌŝƟǌĞǁĞƚůĂďƐƉĂĐĞǀĞƌƐƵƐŽĸĐĞĂŶĚĂĚŵŝŶŝƐƚƌĂƟǀĞƐƉĂĐĞ͘dŚĞŝƚǇƐƟůů ŽƵƚƐŽƵƌĐĞƐƐŝŐŶŝĮĐĂŶƚǁŽƌŬǁŚĞƌĞŝƚŝƐŶŽƚĐŽŶƐŝĚĞƌĞĚĞĐŽŶŽŵŝĐĂůƚŽŝŶǀĞƐƚŝŶ ƵŶĚĞƌƵƟůŝǌĞĚĞƋƵŝƉŵĞŶƚ͘dŚĞŝƚǇƌŽƵƟŶĞůǇĞǀĂůƵĂƚĞƐƚŚĞŽƐƚŽĨŽƵƚƐŽƵƌĐŝŶŐ ǀĞƌƐƵƐŝŶͲŚŽƵƐĞ͘dŚĞ>ĂďŝƐĂŐŽŽĚĞǆĂŵƉůĞŽĨĂŵŽĚĞƌŶĂŶĚĞĸĐŝĞŶƚůĂǇŽƵƚ͕ ďƵƚ ŶŽƚǁŽƌůĚĐůĂƐƐ͘dŚĞůĂďƐƵƉƉŽƌƚƐƚŚĞǁĂƚĞƌĂŶĚǁĂƐƚĞǁĂƚĞƌƚƌĞĂƚŵĞŶƚ ƉƌŽĐĞƐƐĂŶĚƌĞŐƵůĂƚŽƌǇƉĞƌŵŝƫŶŐ͕ĂƐǁĞůůĂƐƐƵƉƉŽƌƚůŽĐĂůǁĂƚĞƌƐŚĞĚŐƌŽƵƉƐ͘ Colorado Springs Utilities Laboratories dŚĞ ŽůŽƌĂĚŽ ^ƉƌŝŶŐ >ĂďŽƌĂƚŽƌǇ ŝƐ ĂŶ ĞǆĂŵƉůĞ ŽĨ Ă ǁŽƌůĚ ĐůĂƐƐ ĨĂĐŝůŝƚǇ͘ dŚĞ ϱϬ͕ϬϬϬƐĨĨĂĐŝůŝƚǇǁĂƐĐŽŶƐƚƌƵĐƚĞĚŝŶϮϬϬϴĂŶĚĐŽƐƚĂƉƉƌŽǆŝŵĂƚĞůǇΨϮϬŵŝůůŝŽŶ͘ dŚĞ ĨĂĐŝůŝƚǇ ƐƵƉƉŽƌƚƐ ƚǁŽ ǁĂƐƚĞǁĂƚĞƌ ƚƌĞĂƚŵĞŶƚ ĨĂĐŝůŝƟĞƐ ĂŶĚ ƚŚƌĞĞ ǁĂƚĞƌ ƚƌĞĂƚŵĞŶƚ ĨĂĐŝůŝƟĞƐ ŝŶ ĂĚĚŝƟŽŶ ƚŽ ǁĂƚĞƌƐŚĞĚ ĂŶĚ ĞŶǀŝƌŽŶŵĞŶƚĂů ƉĞƌŵŝƫŶŐ ƐƵƉƉŽƌƚ͘ dŚĞ ĨĂĐŝůŝƚǇ ŝƐ ůŽĐĂƚĞĚ Ăƚ Ă ĐĞŶƚƌĂůŝǌĞĚ ůŽĐĂƟŽŶ ĂĚũĂĐĞŶƚ ƚŽ ƚŚĞ tĂƐƚĞǁĂƚĞƌ ƚƌĞĂƚŵĞŶƚ ƉůĂŶƚ͘ dŚĞ ĨĂĐŝůŝƚǇ ŝƐ ĐŽŶƐŝĚĞƌĞĚ ŽǀĞƌďƵŝůƚ ƚŽ ƉƌŽǀŝĚĞ ƌŽŽŵ ĨŽƌĞǆƉĂŶƐŝŽŶ͘dŚĞ&ĂĐŝůŝƚǇǁĂƐŝŶŝƟĂůƉůĂŶŶĞĚƚŽďĞĂƌĞŐŝŽŶĂůĨĂĐŝůŝƚǇ ǁŝƚŚŽƚŚĞƌĞŶƟƟĞƐďƵƚŝƚŽŶůǇĐƵƌƌĞŶƚůǇƐĞƌǀĞƐƚŚĞŝƚǇŽĨŽůŽƌĂĚŽ^ƉƌŝŶŐƐ͘dŚĞ &ĂĐŝůŝƚǇŚĂƐƐƚĂƚĞŽĨƚŚĞĂƌƚĐĂƐĞǁŽƌŬ͕ǀĞŶƟůĂƟŽŶĂŶĚƉƌŽǀŝĚĞƐĂŶŽƉĞŶĐŽŶĐĞƉƚ ǁŝƚŚŝŶĚŝƐĐƌĞƚĞǁŽƌŬĂƌĞĂƐ͘EĂƚƵƌĂůůŝŐŚƟŶŐĂŶĚďƌŽĂĚŚĂůůǁĂǇƐƉƌŽǀŝĚĞĂŐŽŽĚ ǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚ͘dŚĞ&ĂĐŝůŝƚǇŝƐ/^KĂŶĚE>WĂĐĐƌĞĚŝƚĞĚĂŶĚƚŚĞďƵŝůĚŝŶŐŝƐ ĐĞƌƟĮĞĚƚŽƚŚĞ>ĞĞĚ^ŝůǀĞƌƌĂƟŶŐ͘ dŚĞ ŽůŽƌĂĚŽ ^ƉƌŝŶŐƐ ůĂďŽƌĂƚŽƌǇ͕ ǁŚŝůĞ ŵŽƌĞ ƚŚĂŶ ĚŽƵďůĞ ƚŚĞ ƉƌŽƉŽƐĞĚ ƐŝǌĞŽĨƚŚĞ&ŽƌƚŽůůŝŶƐůĂďŽƌĂƚŽƌǇŚĂƐŵĂŶǇŽĨƚŚĞĞůĞŵĞŶƚƐĚĞƐŝƌĞĚďǇƚŚĞ ŝƚǇŝŶĐůƵĚŝŶŐ͗ • ŽŶǀĞŶŝĞŶƚWƵďůŝĐĂĐĐĞƐƐ • >ĂƌŐĞƐĂŵƉůĞƌĞĐĞŝǀŝŶŐĂƌĞĂ • ^ĞĐƵƌŝƚǇĂŶĚĂĐĐĞƐƐĐŽŶƚƌŽů • ^ƉĞĐŝĂůŝǌĞĚǁŽƌŬĂƌĞĂƐ • DŽĚĞƌŶĐĂƐĞǁŽƌŬ • KƉĞŶĂƌĞĂǁŝƚŚŝŶĨƵŶĐƟŽŶĂůĂŶĂůǇƟĐĂůĂƌĞĂƐ • ĞŶƚƌĂůŝǌĞĚŵĂŶĂŐĞŵĞŶƚĨŽƌŵƵůƟƉůĞƉƌŽĐĞƐƐĨĂĐŝůŝƟĞƐĂŶĚ ŵŽŶŝƚŽƌŝŶŐƉƌŽŐƌĂŵƐ • ZŽŽŵĨŽƌĞǆƉĂŶƐŝŽŶ • ŵƉůŽǇĞĞďƌĞĂŬĂƌĞĂƐĂŶĚĐŽŶĨĞƌĞŶĐĞƐƉĂĐĞ >ŽŶŐŵŽŶƚ͛Ɛ ůĂďŽƌĂƚŽƌǇ ŝƐ ĐŽŶƐŝĚĞƌĞĚ ŵŽƌĞ ƵƟůŝƚĂƌŝĂŶ ďƵƚ ƉƌŽǀŝĚĞƐ ĨŽƌ ĂŶ ĞĸĐŝĞŶƚĐĞŶƚƌĂůŝǌĞĚ>ĂďŽƌĂƚŽƌǇƐƵƉƉŽƌƟŶŐǁĂƐƚĞǁĂƚĞƌ͕ǁĂƚĞƌ͕ĂŶĚǁĂƚĞƌƐŚĞĚ ŐƌŽƵƉƐ͘ŝĨƚŚĞĞǆŝƐƟŶŐĐŽŶĐĞƉƚǁĂƐĞǆƉĂŶĚĞĚĨŽƌŝŵƉƌŽǀĞĚƐƚŽƌĂŐĞ͕ĞŵƉůŽǇĞĞ ǁŽƌŬĂƌĞĂƐ͕ĂŶĚĂĚŵŝŶŝƐƚƌĂƟŽŶ͕ŝƚǁŽƵůĚŵĞĞƚƚŚĞŵĂũŽƌŝƚǇŽĨƚŚĞĞůĞŵĞŶƚƐ ĚĞƐŝƌĞĚďǇƚŚĞŝƚǇ͘ Peer Facilities Review dǁŽ&ĂĐŝůŝƚǇƚŽƵƌƐǁĞƌĞĐŽŶĚƵĐƚĞĚƚŽǀŝƐŝƚĨĂĐŝůŝƟĞƐƚŚĂƚŚĂǀĞĐŽŶƐŽůŝĚĂƚĞĚǁĂƚĞƌĂŶĚǁĂƐƚĞǁĂƚĞƌůĂďŽƌĂƚŽƌŝĞƐƚŽĂƐŝŶŐůĞůŽĐĂƟŽŶ͘dŚĞƉƵƌƉŽƐĞŽĨƚŚĞĨĂĐŝůŝƚǇƚŽƵƌƐǁĂƐ ƚŽƌĞǀŝĞǁƚŚĞŝƌĨĂĐŝůŝƟĞƐĂŶĚĚŝƐĐƵƐƐĐŚĂůůĞŶŐĞƐƚŽƉůĂŶŶŝŶŐ͕ĂŶĚŝŵƉůĞŵĞŶƟŶŐ͕ĂŶĚƚŚĞŝƌŽƌŐĂŶŝǌĂƟŽŶĂůƐƚƌƵĐƚƵƌĞƐ͘dŚĞŝƚǇŽĨ>ŽŶŐŵŽŶƚ͛ƐtĂƚĞƌYƵĂůŝƚǇ>ĂďŽƌĂƚŽƌǇ ĂŶĚƚŚĞŽůŽƌĂĚŽ^ƉƌŝŶŐƐ>ĂďŽƌĂƚŽƌǇ&ĂĐŝůŝƚǇǁĞƌĞƐĞůĞĐƚĞĚƚŽƉƌŽǀŝĚĞĂƌĂŶŐĞŽĨĞǆĂŵƉůĞƐ͘ Peer Review Summary DdZ/>^ΘWKW>&>Kt^/'ZD SINK HOOD 3' - 0" 6' - 0" 6' - 0" 12' - 0" SINK HOOD HOOD HOOD HOO 12' - 0" 12' - 0" HOOD LABORATORY MODULE 20' - 6" 14' - 6" 20' - 6" 14' - 6" MOVABLE WALL CONFERENCE ROOM BREAK ROOM 8' - 0" 8' - 0" WORK STATIONS 6' - 0" 8' - 4" Quiet Room 10' - 0" WĂŐĞϭϰ February 2018 Programming ƉƌĞůŝŵŝŶĂƌǇ ƉƌŽŐƌĂŵŵŝŶŐ ƐĞƐƐŝŽŶ ǁĂƐ ĐŽŶĚƵĐƚĞĚ ǁŝƚŚ ďŽƚŚ ůĂďŽƌĂƚŽƌǇ͛Ɛ ƐƚĂŬĞŚŽůĚĞƌƐͬƵƐĞƌƐ ƌĞƐƵůƟŶŐ ŝŶ ƚŚĞ ĨŽůůŽǁŝŶŐ ƉƌŽŐƌĂŵ ƐƉĂĐĞƐ͘ dŚŝƐ ƉƌŽŐƌĂŵ ƐĞƌǀĞĚĂƐƚŚĞďĂƐŝƐĨŽƌĐŽŶĐĞƉƚƵĂůĨĂĐŝůŝƚǇƉůĂŶŶŝŶŐ͘ LABORATORIES • tĂƚĞƌYƵĂůŝƚǇ>Ăď • WŽůůƵƟŽŶŽŶƚƌŽů>Ăď • DĞƚĂůƐ>Ăď • ĚŵŝŶŝƐƚƌĂƟŽŶ D/E/^dZd/KE • KƉĞŶKĸĐĞƐ • >ĂďDĂŶĂŐĞƌ͛ƐKĸĐĞ • ŽŶĨĞƌĞŶĐĞͬ DĞĞƟŶŐͬ dƌĂŝŶŝŶŐZŽŽŵ • ƌĞĂŬZŽŽŵ • YƵŝĞƚZŽŽŵ • ƌĐŚŝǀĞƐ SUPPORT SPACES • DͬtdŽŝůĞƚZŽŽŵƐ • Dͬt>ŽĐŬĞƌZŽŽŵƐ • ^ŚŝƉƉŝŶŐͬZĞĐĞŝǀŝŶŐ ZŽŽŵ • ^ƚŽƌĂŐĞZŽŽŵ • ŚĞŵŝĐĂůͬ'ĂƐ ^ƚŽƌĂŐĞZŽŽŵ • 'ĂƌĂŐĞ • ^ŚŽƉ • DĞĐŚĂŶŝĐĂůZŽŽŵ • ůĞĐƚƌŝĐĂůZŽŽŵ • ZĞĐǇĐůĞͬtĂƐƚĞ Form Factors ͞&ŽƌŵĨĂĐƚŽƌƐ͟ĂƌĞƚŚĞƉůĂŶŶŝŶŐďƵŝůĚŝŶŐďůŽĐŬƐƵƉŽŶǁŚŝĐŚƚŚĞŽŶĐĞƉƚƵĂůĞƐŝŐŶ ĨŽƌƚŚĞĨĂĐŝůŝƚǇǁĂƐďĂƐĞĚ͘dŚĞƐĞĨŽƌŵĨĂĐƚŽƌƐƐĞƌǀĞĂƐƚŚĞŵĞĂŶƐĂŶĚŵĞƚŚŽĚƚŽ ƚĂŬĞĐŽŶĐĞƉƚƐŽĨƐƉĂĐĞƐ͕ĂĚũĂĐĞŶĐŝĞƐĂŶĚŵĂƚĞƌŝĂůŇŽǁƐĨƌŽŵĚŝĂŐƌĂŵƐƚŽĂĐƚƵĂů ĚŝŵĞŶƐŝŽŶĂůďƵŝůƚƐƉĂĐĞ͘ February 2018 WĂŐĞϭϱ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ Water Quality Laboratory dŚĞ ƉƌŽƉŽƐĞĚ tĂƚĞƌ YƵĂůŝƚǇ >Ăď ;tY>Ϳ ƉƌŽŐƌĂŵ ďƵŝůĚƐ ƵƉŽŶ ƚŚĞ ĞǆŝƐƟŶŐ ůĂďŽƌĂƚŽƌǇ ĨƵŶĐƟŽŶƐ ĂŶĚ ďŽƚŚ ĂĚĚƐ ĂŶĚ ĂŵĞŶĚƐ ƚŚĂƚ ƉƌŽŐƌĂŵ ĨŽƌ ĐƵƌƌĞŶƚ ĂŶĚĨƵƚƵƌĞŶĞĞĚƐ͘ƐĚŝƐĐƵƐƐĞĚĞůƐĞǁŚĞƌĞ;ĂŶĚĐĂƉƚƵƌĞĚŝŶƚŚĞƉƉĞŶĚŝǆͿĂ ĨƵŶĐƟŽŶͲďǇͲĨƵŶĐƟŽŶƐƉĂĐĞĂŶĚĞƋƵŝƉŵĞŶƚĂŶĂůǇƐŝƐǁĂƐĐŽŶĚƵĐƚĞĚƚŽĂƐĐĞƌƚĂŝŶ ƚŚĞĂŵŽƵŶƚŽĨůĂďĂƌĞĂĂŶĚďĞŶĐŚƐƉĂĐĞǁŽƵůĚďĞƌĞƋƵŝƌĞĚ͘ EĞĐĞƐƐĂƌǇ ;ƐĂĨĞƚǇ ĂŶĚ ƌĞŐƵůĂƚŽƌǇ ĐŽŵƉůŝĂŶĐĞ ĚƌŝǀĞŶͿ ĂŶĚ ŶĞǁ ĨƵŶĐƟŽŶĂů ĂƌĞĂƐĂƌĞĐĂƉƚƵƌĞĚŚĞƌĞ͘dŚŽƐĞĂƌĞĂƐŝŶĐůƵĚĞĂĚĞĚŝĐĂƚĞĚ^ĂŵƉůĞͬZĞĐĞŝǀŝŶŐ ƌĞĂ͕ Ă ĚĞĚŝĐĂƚĞĚ ŚĞŵŝĐĂůͬ'ĂƐ ^ƚŽƌĂŐĞ ZŽŽŵ ĂŶĚ 'ĂƌĂŐĞͬ^ŚŽƉ ĨŽƌ ĚĞƉĂƌƚŵĞŶƚǀĞŚŝĐůĞƐ͘ ƐŝƐƚŚĞĐĂƐĞǁŝƚŚĂůůŽĨƚŚĞŽŶĐĞƉƚĞƐŝŐŶƐĨŽƌƚŚĞĨĂĐŝůŝƟĞƐĂŐƌŽƐƐŝŶŐĨĂĐƚŽƌ ŚĂƐďĞĞŶĂĚĚĞĚĨŽƌĐŝƌĐƵůĂƟŽŶ͕ǁĂůůƚŚŝĐŬŶĞƐƐĞƐ͕ĐŽůƵŵŶƐ͕ĞƚĐ͘ Pollution Control Laboratory hƟůŝǌŝŶŐƚŚĞƐĂŵĞƉĞƌĨŽƌŵĂŶĐĞĐƌŝƚĞƌŝĂĂŶĚƵƉŽŶĂŶĂůǇƐŝƐŝƚǁĂƐĚĞƚĞƌŵŝŶĞĚ ƚŚĂƚƚŚĞĂŵŽƵŶƚŽĨĂƌĞĂĚĞĞŵĞĚƐƵĸĐŝĞŶƚƚŽƐƵƉƉŽƌƚƚŚĞWŽůůƵƟŽŶŽŶƚƌŽů >Ăď ;W>Ϳ ǁĂƐ ŶĞĂƌ ŝĚĞŶƟĐĂů ƚŽ ƚŚĂƚ ŽĨ ƚŚĞ tY>͘ tŝƚŚ Ă ƐŵĂůůĞƌ ƉƌŽũĞĐƚĞĚ ƐƚĂīƉĞƌƐŽŶŶĞůĐŽƵŶƚƚŚĞĂŵŽƵŶƚŽĨĂƌĞĂĂůůŽĐĂƚĞĚƚŽǁŽƌŬƐƉĂĐĞƐĐŽƵůĚďĞ ƐŽŵĞǁŚĂƚ ƐŵĂůůĞƌ͘ ĞƐƉŝƚĞ ƚŚĂƚ ƐůŝŐŚƚ ƌĞĚƵĐƟŽŶ ŝŶ ƉĞƌƐŽŶŶĞů ƚŚĞƌĞ ǁĂƐ ŶŽ ƌĞĂĚŝůǇĂƉƉƌĞĐŝĂďůĞƐƉĂĐĞƐĂǀŝŶŐƐĨŽƌƐŚĂƌĞĚƐƉĂĐĞƐ;ŽŶĨĞƌĞŶĐĞZŽŽŵƐ͕ƌĞĂŬ ZŽŽŵ͕ĞƚĐͿĞŝƚŚĞƌŝŶƐŝǌĞŽƌƋƵĂŶƟƚǇ͘ Water Quality & Pollution Control Laboratory WĂƌƚŽĨƚŚĞŵĂƐƚĞƌƉůĂŶŶŝŶŐƐƚƵĚǇŝƐƚŽĞǀĂůƵĂƚĞƐĐĞŶĂƌŝŽƐŝŶǁŚŝĐŚƚŚĞtY> ĂŶĚƚŚĞW>ŵŝŐŚƚďĞĐŽŵďŝŶĞĚŝŶƚŽĂƐŝŶŐůĞƐŚĂƌĞĚĨĂĐŝůŝƚǇ͘dǁŽƉƌĞƐƵŵĞĚ ĂŶĚĚĞƐŝƌĂďůĞƉŽƚĞŶƟĂůŽƵƚĐŽŵĞƐŽĨƚŚŝƐƉƌŽŐƌĂŵŵŝŶŐĞīŽƌƚǁĞƌĞƚŽĂĐŚŝĞǀĞ ŐƌĞĂƚĞƌĞĸĐŝĞŶĐǇŝŶƚŚĞĂůůŽĐĂƟŽŶŽĨƐŚĂƌĞĚƐƉĂĐĞƐĂŶĚĞƋƵŝƉŵĞŶƚĂƐǁĞůůĂƐ ƉƌŽǀŝĚĞĂĚĚŝƟŽŶĂůŇĞǆŝďŝůŝƚǇĂŶĚĂĚĂƉƚĂďŝůŝƚǇŽĨůĂďŽƌĂƚŽƌǇƐƉĂĐĞĂŶĚƐƚĂīĂŶĚ ĐĞŶƚƌĂůŝǌĞŵĂŶĂŐĞŵĞŶƚ͘ Ǉ ĐŽŵďŝŶŝŶŐ ƚŚĞƐĞ ƚǁŽ ůĂďŽƌĂƚŽƌŝĞƐ ŝŶƚŽ Ă ƐŝŶŐůĞ ĨĂĐŝůŝƚǇ ƚŚĞƌĞ ĐŽƵůĚ ďĞ Ă ŐƌĞĂƚĞƌůŝŬĞůŝŚŽŽĚŽĨĐŽŶƟŶƵŽƵƐ͕ƵŶŝĨŽƌŵĂŶĚƐŚĂƌĞĚŽƉĞƌĂƟŽŶƐĂƐǁĞůůĂƐĂ ůŝŬĞůǇƌĞĚƵĐƟŽŶŝŶŽǀĞƌĂůůĨĂĐŝůŝƚǇƐƉĂĐĞĂŶĚ͕ďǇĞǆƚĞŶƐŝŽŶ͕ĐŽƐƚƐĂǀŝŶŐƐŝŶůŝĞƵŽĨ ďƵŝůĚŝŶŐƚǁŽƐĞƉĂƌĂƚĞŶĞǁĨĂĐŝůŝƟĞƐ͘ ƐƌĞŇĞĐƚĞĚŝŶƚŚĞĨŽůůŽǁŝŶŐƚĂďůĞŝƚǁĂƐĚĞƚĞƌŵŝŶĞĚƚŚĂƚ͕ĂƚĂŽŶĐĞƉƚĞƐŝŐŶ ůĞǀĞů͕ĂƐƉĂĐĞƐĂǀŝŶŐƐŽĨĂƉƉƌŽǆŝŵĂƚĞůǇϭϱйǁŽƵůĚŶŽƚďĞƵŶƌĞĂƐŽŶĂďůĞ͘ Category Rooms SF/Unit # of Units Total Lab Laboratory (module) 525 8 4200 Lab Total 4200 Admin (7 personnel) Office Space 100 7 700 Admin Conference Rm 300 1 300 Admin Break Rm 300 1 300 Admin Quiet Rm 50 1 50 Admin Total 1350 Support Sample/Recv'g 300 1 300 Support Mech/Elect/Plumb 1000 1 1000 Support Toilet Rms/Locker Rm 1000 1 1000 Support Garage/Shop 1200 1 1200 Support Storage 500 1 500 Support Chem/Gas Storage 200 1 200 Support Total 4200 Grossing Factor Circulation, Walls, etc 0.1 9550 955 Circulation Total 955 Facility Total 10705 PCL Facility Category Rooms SF/Unit # of Units Total Lab Laboratory (Module) 525 14 7350 Lab Total 7350 Admin Office Space 100 17 1700 Admin Conference Rm 300 2 600 Admin Break Rm 300 1 300 WĂŐĞϭϲ February 2018 Water Treatment Facility Site (WTF) ƚŽƚĂůŽĨƚŚƌĞĞĂůƚĞƌŶĂƚĞůŽĐĂƟŽŶƐǁĞƌĞƐĞůĞĐƚĞĚĨŽƌƐƚƵĚǇĂƚƚŚĞtĂƚĞƌdƌĞĂƚŵĞŶƚ &ĂĐŝůŝƚǇ;td&ͿƐŝƚĞ͘ĂĐŚŽĨƚŚĞƐĞůŽĐĂƟŽŶƐŚĂĚƐƉĞĐŝĮĐĂƩƌŝďƵƚĞƐĂŶĚĂĚǀĂŶƚĂŐĞƐ ƚŚĂƚǁĂƌƌĂŶƚĞĚƐŽŵĞĚĞŐƌĞĞŽĨĨƵƌƚŚĞƌĐŽŶƐŝĚĞƌĂƟŽŶ͘dŚĞƐĞǁĞƌĞ͗ ͘ DŽĚĞƌŶŝǌĞĂŶĚͬŽƌƉŽƚĞŶƟĂůůǇĞǆƉĂŶĚŝŶŐƵƉŽŶƚŚĞĞǆŝƐƟŶŐtY>ĨĂĐŝůŝƚǇ ͘ ŽŶƐƚƌƵĐƟŶŐŶĞǁĞŝƚŚĞƌƚŚĞtY>͕W>ŽƌĂĐŽŵďŝŶĞĚĨĂĐŝůŝƚǇũƵƐƚƐŽƵƚŚŽĨ ƚŚĞƐŝƚĞĞǆŝƚƌŽĂĚǁĂǇĂŶĚWsƐŝƚĞ;ƐŽƵƚŚŽĨůƚĞƌŶĂƚĞ͟͞Ϳ ͘ ŽŶƐƚƌƵĐƚŶĞǁĞŝƚŚĞƌƚŚĞtY>͕W>ŽƌĂĐŽŵďŝŶĞĚĨĂĐŝůŝƚǇŽŶŐƌĞĞŶĮĞůĚ ƐŝƚĞĂƚƚŚĞƐŽƵƚŚĞĂƐƚĐŽƌŶĞƌŽĨƚŚĞtd&ƐŝƚĞ Drake Water Reclamation Facility Site (DWRF) ^ĞǀĞƌĂůƉŽƚĞŶƟĂůƐŝƚĞƐǁĞƌĞƐƚƵĚŝĞĚĂƚƚŚĞƌĂŬĞtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ ;tZ&ͿƐŝƚĞ͕ƚǁŽŽĨǁŚŝĐŚǁĞƌĞĞǀĞŶƚƵĂůůǇĚĞƚĞƌŵŝŶĞĚƚŽďĞǀŝĂďůĞĂůƚĞƌŶĂƚĞ ůŽĐĂƟŽŶƐ͘dŚĞĂƩƌŝďƵƚĞƐ͕ƐƚƌĞŶŐƚŚƐĂŶĚǁĞĂŬŶĞƐƐĞƐŽĨĞĂĐŚŽĨƚŚĞƐĞƚǁŽƐŝƚĞƐ ǁĞƌĞŵĂƌŬĞĚůǇĚŝīĞƌĞŶƚ͘dŚĞƚǁŽƐŝƚĞƐŝŶĐůƵĚĞĚĨŽƌƐƚƵĚǇǁĞƌĞĂƐĨŽůůŽǁƐ͗ ͘ZĞŶŽǀĂƟŶŐĂŶĚͬŽƌƉŽƚĞŶƟĂůůǇĞǆƉĂŶĚŝŶŐƵƉŽŶƚŚĞĞǆŝƐƟŶŐW>ĨĂĐŝůŝƚǇ ͘ ŽŶƐƚƌƵĐƟŶŐŶĞǁĞŝƚŚĞƌƚŚĞW>͕ƚŚĞtY>ŽƌĂĐŽŵďŝŶĞĚĨĂĐŝůŝƚǇŽŶĂ ŐƌĞĞŶĮĞůĚƐŝƚĞĂƚƚŚĞŶŽƌƚŚǁĞƐƚĐŽƌŶĞƌŽĨƚŚĞƉƌŽƉĞƌƚǇ͖ĂĚũĂĐĞŶƚƚŽĂŶ ƵŶŝŵƉƌŽǀĞĚƌŽĂĚƐŽŽŶƚŽďĞƵƉŐƌĂĚĞĚƚŽĂƉƵďůŝĐƚŚŽƌŽƵŐŚĨĂƌĞ͘ Site Analysis & Prototype Concepts Test Fit Site Analysis ƐĚĞƐĐƌŝďĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐƌĞƉŽƌƚƐĞǀĞƌĂůĨĂĐŝůŝƟĞƐůŽĐĂƟŽŶƐǁĞƌĞƐƚƵĚŝĞĚ ĨŽƌƚŚĞƉůĂĐĞŵĞŶƚŽĨƚŚĞtY>͕ƚŚĞW>ĂŶĚƚŚĞtY>ΘW>ƚŽŐĞƚŚĞƌ͘ƐŝƚĞ ĂŶĂůǇƐŝƐǁĂƐĐŽŶĚƵĐƚĞĚĂƚĞĂĐŚŽĨƚŚƌĞĞƐŝƚĞƐƚŽĂƐĐĞƌƚĂŝŶƚŚĞŝƌƐƵŝƚĂďŝůŝƚǇƚŽ ƐƵƉƉŽƌƚĞŝƚŚĞƌƚŚĞƉŽƐƐŝďůĞƌĞŶŽǀĂƟŽŶ͕ƉŽƚĞŶƟĂůĞǆƉĂŶƐŝŽŶŽƌĐŽŶƐƚƌƵĐƟŽŶŽĨ ŶĞǁĨĂĐŝůŝƟĞƐŽŶƚŚŽƐĞƐŝƚĞƐ͘ Facilities Prototypes tŝƚŚ ƚŚĞ ĨŽƌŵ ĨĂĐƚŽƌƐ ĚĞƚĞƌŵŝŶĞĚ ĂŶĚ ƌĞŐƵůĂƚŽƌǇͬƐĂĨĞƚǇ ĚƌŝǀĞŶ ĂĚũĂĐĞŶĐŝĞƐ ĂŶĚ ŇŽǁƐ ĚĞĮŶĞĚ ŝĚĞĂůŝǌĞĚ ůĂďŽƌĂƚŽƌǇ ĨĂĐŝůŝƟĞƐ ƉƌŽƚŽƚǇƉĞƐ ǁĞƌĞ ĐƌĞĂƚĞĚ͘ dŚĞƐĞŽŶĐĞƉƚĞƐŝŐŶůĞǀĞůĨĂĐŝůŝƚǇƉƌŽƚŽƚǇƉĞƐĞƐƚĂďůŝƐŚĞĚĂĨŽƌŵĂŶĚĨŽŽƚƉƌŝŶƚ ĨŽƌƚŚĞƉƌŽƉŽƐĞĚŶĞǁĨĂĐŝůŝƟĞƐ͘dŚŽƐĞĨŽŽƚƉƌŝŶƚƐĐŽŶƐĞƋƵĞŶƚůǇƐĞƌǀĞĚĂƐĂďĂƐŝƐ ƚŽĚĞƚĞƌŵŝŶĞƚŚĞĐŽŵƉĂƟďŝůŝƚǇŽĨƚŚĞĨĂĐŝůŝƚǇ;ŽƌĨĂĐŝůŝƟĞƐͿĂƚŽŶĞŽƌĂŶŽƚŚĞƌŽĨ ƚŚĞƉƌŽƉŽƐĞĚƐŝƚĞĂƌĞĂƐ͘ Prototype Site Test Fits ƐŵĞŶƟŽŶĞĚƉƌĞĐĞĚŝŶŐƚŚĞŽŶĐĞƉƚĞƐŝŐŶƉƌŽƚŽƚǇƉĞƐƚŽŽŬŽŶĂĐŽƵƉůĞŽĨ ĚŝīĞƌĞŶƚĨŽƌŵƐĂŶĚŽƌŝĞŶƚĂƟŽŶƐ͘>ŝŬĞůǇƐŝƚĞůŽĐĂƟŽŶƐǁĞƌĞŝĚĞŶƟĮĞĚĂŶĚǀĞƩĞĚ ďǇƚŚĞƉƌŽũĞĐƚƚĞĂŵͬƐƚĂŬĞŚŽůĚĞƌƐĂŶĚƚŚĞŝĚĞĂůŝǌĞĚƉƌŽƚŽƚǇƉĞĂůƚĞƌŶĂƚĞƐǁĞƌĞ ƐƚƵĚŝĞĚĂƚƚŚĞƐĞůĞĐƚĞĚĂůƚĞƌŶĂƚĞůŽĐĂƟŽŶƐ͘dŚĞƐŝƚĞƚĞƐƚĮƚƐĂůƐŽŝŶĐŽƌƉŽƌĂƚĞĚ ƐŝƚĞŝƐƐƵĞƌĞƐƉŽŶƐŝǀĞŶĞƐƐŝƐƐƵĞƐĂŶĚŝƚĞŵƐƐƵĐŚĂƐƐŝƚĞƐĞĐƵƌŝƚǇ͕ƐŝƚĞƉĂƌŬŝŶŐ͕ ĨĂĐŝůŝƚǇĂĐĐĞƐƐŝďŝůŝƚǇĨŽƌƉĞƌƐŽŶŶĞůĂŶĚƐƵƉƉůŝĞƐĂŶĚĐŽŵƉĂƟďŝůŝƚǇǁŝƚŚĞǆŝƐƟŶŐ ƐŝƚĞĐŽŶĚŝƟŽŶƐƐƵĐŚĂƐWsĂƌƌĂǇƐ͕ŇŽŽĚƉůĂŝŶƐĂŶĚƐŝƚĞĐŽŶƚŽƵƌƐ͘ February 2018 WĂŐĞϭϳ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ Concepts ƐŝůůƵƐƚƌĂƚĞĚ;ďĞůŽǁͿƚŚĞ͞^ƉŝŶĞ͟ĂŶĚƚŚĞ͞ƵƩĞƌŇǇ͟ĐŽŶĐĞƉƚƐƐĞĞŵĂƌĞůĂƟǀĞůǇ ƐŝŵƉůĞĂīĂŝƌ͘/ŶƉƌŝŶĐŝƉůĞƚŚĞǇĂƌĞĂƐ͕ďĂƐĞĚŽŶƉƌĞĐĞĚĞŶƚĂŶĚĞǆƉĞƌŝĞŶĐĞ͕ƚŚĞǇ ƐŚŽƵůĚďĞ͘dŚĞŵŽƌĞ͞ƐŝŵƉůĞ͟ĂŶĚ͞ŝĚĞĂůŝǌĞĚ͟ƚŚĞĐŽŶĐĞƉƚƚŚĞŵŽƌĞůŝŬĞůǇƚŚĞ ĐŽŶĐĞƉƚƐŵĂǇƌĞƐƉŽŶĚƚŽĂŶĚĂďƐŽƌďƚŚĞŝŶĞǀŝƚĂďůĞŝŵƉĂĐƚƐŽĨŝŶĚŝǀŝĚƵĂůƵƐĞƌ͛Ɛ ƐƉĞĐŝĮĐŶĞĞĚƐ͕ƉŚĂƐĞĚŝŵƉůĞŵĞŶƚĂƟŽŶŽƌƌĞŶŽǀĂƟŽŶƐĂŶĚ;ƵůƟŵĂƚĞůǇͿŽŌĞŶ ďƵĚŐĞƚĂƌǇ ĐŽŶƐƚƌĂŝŶƚƐ͘ dŚĞ ĨŽůůŽǁŝŶŐ ŝůůƵƐƚƌĂƟŽŶƐ ĂƌĞ Ă ƉůĂĐĞŚŽůĚĞƌ ĨŽƌ ƚŚĞ ĨƵƌƚŚĞƌĚĞǀĞůŽƉŵĞŶƚŽĨĐŽŶĐĞƉƚƐƉĂƌƚŽĨƚŚĞŶĞǆƚƉŚĂƐĞŽĨƐƚƵĚǇ͘ Mulberry Water Reclamation Facility Site ĞĐĂƵƐĞŽĨŝƚƐ͞ĐĞŶƚƌĂů͟ůŽĐĂƟŽŶ͕ĂǀĂŝůĂďůĞůĂŶĚĂŶĚŝƚƐŚŝŐŚͲǀŝƐŝďŝůŝƚǇƚŽƚŚĞƉƵďůŝĐ ƉŽƚĞŶƟĂů ůŽĐĂƟŽŶƐ ǁĞƌĞ ƐƚƵĚŝĞĚ Ăƚ ƚŚĞ DƵůďĞƌƌǇ tĂƚĞƌ ZĞĐůĂŵĂƟŽŶ &ĂĐŝůŝƚǇ ƐŝƚĞ͘ĞŝŶŐĂƐŽŵĞǁŚĂƚŵŽƌĞĐŽŵƉĂĐƚƐŝƚĞǁŝƚŚĂĐĐĞƐƐĐŽŶĐĞƌŶƐƚŚĞĂůƚĞƌŶĂƚĞƐ ĨĂĐŝůŝƚǇ ůŽĐĂƟŽŶƐ ƐƚƵĚŝĞĚ ŚĞƌĞ ƉƌĞƐĞŶƚĞĚ Ă ĨĞǁ ŵŽƌĞ ĐŚĂůůĞŶŐĞƐ͘dŚĞƐŝƚĞƐ ƐƚƵĚŝĞĚŝŶĐůƵĚĞĚ͗ ͘ ƉĂƌĐĞůŽĨůĂŶĚĂƚƐƚƌĞĞƚĞůĞǀĂƟŽŶĂƚƚŚĞŶŽƌƚŚǁĞƐƚĐŽƌŶĞƌŽĨƚŚĞƐŝƚĞ ĐƵƌƌĞŶƚůǇŽĐĐƵƉŝĞĚďǇĂůĞĂƐĞĚWsĂƌƌĂǇŝŶƐƚĂůůĂƟŽŶ ͘ ĨĂĐŝůŝƚǇůŽĐĂƟŽŶĂƚƚŚĞĐĞŶƚĞƌŽĨƚŚĞƐŝƚĞĐƵƌƌĞŶƚůǇŽĐĐƵƉŝĞĚďǇĂƉƵƌĞůǇ ĂĞƐƚŚĞƟĐƉŽŶĚǁĂƚĞƌĨĞĂƚƵƌĞ͘ ͘ ŐƌĞĞŶĮĞůĚƐŝƚĞĂůŽŶŐƚŚĞƐŽƵƚŚĞƌŶďŽƵŶĚĂƌǇŽĨƚŚĞƐŝƚĞĨƌŽŶƟŶŐ ƚŚĞďŽƵůĞǀĂƌĚ Facilities Prototypes ƐŵĞŶƟŽŶĞĚƉƌĞǀŝŽƵƐůǇƚŚĞĨĂĐŝůŝƚǇƉƌŽŐƌĂŵ;ƐͿĂŶĚĨŽƌŵĨĂĐƚŽƌƐǁĞƌĞƵƐĞĚƚŽ ŚĞůƉŐĞŶĞƌĂƚĞƐŽŵĞƐƉĞĐŝĮĐĨĂĐŝůŝƟĞƐƉƌŽƚŽƚǇƉĞƐ͘dǁŽŽĨƚŚĞƌĞƐƵůƟŶŐĨĂĐŝůŝƟĞƐ ƉƌŽƚŽƚǇƉĞƐƌĞŇĞĐƚĨĂŵŝůŝĂƌĨĂĐŝůŝƚǇůĂǇŽƵƚƐĂŶĚĐŽŶĮŐƵƌĂƟŽŶƐƚŚĂƚŚĂǀĞƉƌŽǀĞŶ ƌĞƐƉŽŶƐŝǀĞĂŶĚƐƵĐĐĞƐƐĨƵůŝŶƉƌĞǀŝŽƵƐůĂďŽƌĂƚŽƌǇĂƉƉůŝĐĂƟŽŶƐ ƚŚŝƌĚ ĨĂĐŝůŝƚǇ ƉƌŽƚŽƚǇƉĞ͕ ƚŚĞ ͞>͟ ŽŶĐĞƉƚ͕ ǁĂƐ ĐƌĞĂƚĞĚ ƐƉĞĐŝĮĐĂůůǇ ŝŶ ƌĞƐƉŽŶƐĞƚŽŽŶĞŽĨƚŚĞƐƉĞĐŝĮĐƉŽƚĞŶƟĂůƐŝƚĞůŽĐĂƟŽŶƐĂƚƚŚĞDƵůďĞƌƌǇtĂƚĞƌ ZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ͘ dŚĞĨŽůůŽǁŝŶŐƉƌŽƚŽƚǇƉĞĐŽŶĐĞƉƚƐǁĞƌĞƚĞƐƚĞĚĂŶĚƵůƟŵĂƚĞůǇĂŵŽƐƚĨĂǀŽƌĂďůĞ ĮƫŶŐŽŶĞǁĂƐĐŚŽƐĞŶĨŽƌĞĂĐŚƐŝƚĞůŽĐĂƟŽŶ͘ “Spine” Concept dŚĞ͞ƐƉŝŶĞ͟ĐŽŶĐĞƉƚŝƐƌŽŽƚĞĚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĐŽŵƉůŝŵĞŶƚĂƌǇƉƌŽŐƌĂŵ ĞůĞŵĞŶƚƐďĞŝŶŐůŝŶĞĚƵƉĂĐƌŽƐƐĨƌŽŵĞĂĐŚŽƚŚĞƌĂůŽŶŐĂƐŝŶŐůĞƐŚĂƌĞĚƉƌŝŵĂƌǇ ĐŝƌĐƵůĂƟŽŶĂŶĚƵƟůŝƚǇƉĂƚŚ͕Žƌ͞ƐƉŝŶĞ͘͟dŚĞĨĂĐŝůŝƚǇƉƌŽŐƌĂŵŝƐĂƌƌĂŶŐĞĚĂůŽŶŐ ƚŚŝƐƉƌŝŵĂƌǇƉĂƚŚĂŶĚƚŚĞĨĂĐŝůŝƚǇŝƐ͕ďǇŶĂƚƵƌĞ͕ůŽŶŐĞƌĂŶĚŵŽƌĞůŝŶĞĂƌ͘ “Butterfly” Concept dŚĞ͞ďƵƩĞƌŇǇ͟ĐŽŶĐĞƉƚĂůƐŽƵƟůŝǌĞƐĂƐŝŶŐƵůĂƌƐŚĂƌĞĚƉƌŝŵĂƌǇĐŝƌĐƵůĂƟŽŶĂŶĚ ƵƟůŝƚǇƉĂƚŚŽƌ͞ƐƉŝŶĞ͘͟tŚĞƌĞƚŚŝƐĐŽŶĐĞƉƚĚĞƉĂƌƚƐĨƌŽŵƚŚĞ͞ƐƉŝŶĞ͟ŝƐŝŶƚŚĂƚ ĨƵŶĐƟŽŶƐĂƌĞ͞ŐƌŽƵƉĞĚ͟ĂůŽŶŐƚŚĞ͞ƐƉŝŶĞ͟ůŝŬĞďĞĂĚƐŽŶĂŶĞĐŬůĂĐĞ͖ƚŚĞŽĸĐĞƐ ĂůŽŶŐďŽƚŚƐŝĚĞƐĂƚƚŚĞďĞŐŝŶŶŝŶŐŽĨƚŚĞƉƌŝŵĂƌǇĐŽƌƌŝĚŽƌ͕ƚŚĞůĂďƐĨŽůůŽǁŝŶŐ ĂŶĚƚŚĞƐƵƉƉŽƌƚƐƉĂĐĞƐĂƚƚŚĞĞŶĚ͘ “L” Concept dŚĞ ͞>͟ ĐŽŶĐĞƉƚ ƚŽ ƚŚĞ ƌŝŐŚƚ ĐŽŵďŝŶĞƐ ĂƩƌŝďƵƚĞƐ ĂŶĚ ĐŚĂƌĂĐƚĞƌŝƐƟĐƐ ŽĨ ƚŚĞ ƉƌĞĐĞĚŝŶŐĐŽŶĐĞƉƚƐ͘/ƚŝƐďǇŶĂƚƵƌĞƚĂŝůŽƌĞĚƚŽƐƉĞĐŝĮĐƐŝƚĞĐŽŶĚŝƟŽŶƐĂŶĚƚŚĞ ƌĞƐƵůƟŶŐĐŽŶĮŐƵƌĂƟŽŶŝƐƐŽŵĞƚŚŝŶŐƐŽŵĞǁŚĂƚůĞƐƐĞĸĐŝĞŶƚƚŚĂŶƚŚĞ͞ƐƉŝŶĞ͟ ĂŶĚ͞ďƵƩĞƌŇǇ͟ĐŽŶĐĞƉƚƐ͘ WĂŐĞϭϴ February 2018 Water Treatment Facility Site (WTF) Site Alternative “A”: Modernize and Expand dŚĞŵŽĚĞƌŶŝǌŝŶŐĂŶĚĞǆƉĂŶƐŝŽŶƐĐĞŶĂƌŝŽ͕ǁĞƌĞŝƚƚŽŝŶĐůƵĚĞƚŚĞĨƵůůďƵŝůĚŽƵƚŽĨ ďŽƚŚƚŚĞtY>ΘW>ĨĂĐŝůŝƟĞƐ͕ǁŽƵůĚďĞĐŚĂůůĞŶŐŝŶŐĂŶĚŝŶĞĸĐŝĞŶƚ͘dŚĞĞǆŝƐƟŶŐ ĨĂĐŝůŝƚǇŝƐŚĞŵŵĞĚŝŶďǇŝŵƉŽƌƚĂŶƚƐŝƚĞĐŝƌĐƵůĂƟŽŶƌŽĂĚǁĂǇƐĂŶĚĞǆŝƐƟŶŐƐŝƚĞ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͘ dŚĞĐƵƌƌĞŶƚtY>ĨĂĐŝůŝƚǇŝƐĂƌĞŶŽǀĂƟŽŶĂŶĚĞǆƉĂŶƐŝŽŶŽĨǁŚĂƚǁĂƐĨŽƌŵĞƌůǇ ĂŵƵĐŚƐŵĂůůĞƌůĂďďƵŝůĚŝŶŐĂŶĚŐĂƌĂŐĞďƵŝůĚŝŶŐƚŚĂƚǁĞƌĞƐƵďƐĞƋƵĞŶƚůǇƟĞĚ ƚŽŐĞƚŚĞƌǁŝƚŚŶĞǁͬĂĚĚŝƟŽŶĂůůĂďƐ͘ dŚŝƐ ƐŝƚĞ ĂůƚĞƌŶĂƟǀĞ ĐŽŶĐĞƉƚ ƉƌŽƉŽƐĞƐ ƚŽ ĐŽŶƐƚƌƵĐƚ ƚŚĞ ŚŝŐŚĞƌͲƉĞƌĨŽƌŵĂŶĐĞ ĂƌĞĂƐ ;ƚŚĞ ůĂďƐͿ ƐĞƉĂƌĂƚĞ ĂŶĚ ĂƉĂƌƚ ĨƌŽŵ ƚŚĞ ĞǆŝƐƟŶŐ ďƵŝůĚŝŶŐ ǁŝƚŚ ůĞƐƐ ĚĞŵĂŶĚŝŶŐĨƵŶĐƟŽŶƐŽĐĐƵƉǇŝŶŐƚŚĞĨŽƌŵĞƌtY>ƐŚĞůůĞŶĐůŽƐƵƌĞ͘ Site Alternative “B”: “PV” Site dŚĞWsĂƌƌĂǇƐŝƚĞĂůƚĞƌŶĂƟǀĞĐŽƵůĚĂĐĐŽŵŵŽĚĂƚĞŽŶĞŽĨƚŚĞƚǁŽƉƌŽƚŽƚǇƉĞ ĨĂĐŝůŝƚǇĐŽŶĮŐƵƌĂƟŽŶƐƚŚŽƵŐŚ͕ŝŶĞŝƚŚĞƌĐĂƐĞ͕ƚŚĞĞǆŝƐƟŶŐWsĂƌƌĂǇǁŽƵůĚŶĞĞĚ ƚŽďĞƌĞŵŽǀĞĚĂŶĚƌĞůŽĐĂƚĞĚ͘ dŚŝƐ ƐŝƚĞ ůŽĐĂƟŽŶ ƐĞƚƐ Ă ƉƌŽƉŽƐĞĚ ŶĞǁ tY>ͬW> ĨĂĐŝůŝƚǇ ǁŝƚŚŝŶ ƚŚĞ ĐƵƌƌĞŶƚ ƐĞĐƵƌĞƐŝƚĞďŽƵŶĚĂƌŝĞƐ͘^ŝƚĞĚĂůŽŶŐƚŚĞŵĂŝŶĞŶƚƌǇĚƌŝǀĞŝŶƚŽƚŚĞĨĂĐŝůŝƚǇƚŚŝƐ ůŽĐĂƟŽŶƉƌŽǀŝĚĞƐĞĂƐǇĂŶĚƐĞƉĂƌĂƚĞĂĐĐĞƐƐƚŽĂŶĚĨƌŽŵƚŚŝƐĨĂĐŝůŝƚǇĨŽƌŝƚƐƵƐĞƌƐ ĂŶƟĐŝƉĂƚĞĚƵƐĞƌƐ͘ ͞ďƵƩĞƌŇǇ͟ǀĂƌŝĂƟŽŶĐŽŶĐĞƉƚŽƌŝĞŶƚƐƚŚĞĨĂĐŝůŝƚǇ͛ƐŵĂŝŶĞŶƚƌĂŶĐĞƚŽǁĂƌĚƐƚŚŝƐ ƉƌŝŵĂƌǇƐŝƚĞĞŶƚƌǇĚƌŝǀĞ͘ Site Alternative “C”: Greenfield Site /Ŷ ƐŝƚĞ ĂůƚĞƌŶĂƚĞ ͟͞ǁĞƉůĂĐĞĚĂƉƌŽƚŽƚǇƉĞĐŽŶĐĞƉƚŽŶĂŐƌĞĞŶĮĞůĚƉĂƌĐĞů ĂƚƚŚĞƐŽƵƚŚĞĂƐƚĐŽƌŶĞƌŽĨƚŚĞƐŝƚĞ͘dŚŝƐƐŝƚĞůŽĐĂƟŽŶĐĂŶĂĐĐŽŵŵŽĚĂƚĞĂŶǇ ĐŽŶĮŐƵƌĂƟŽŶtY>ΘW>ĨĂĐŝůŝƚǇĂƐƚŚĞƌĞĂƌĞĨĞǁŝĨĂŶǇƐŝƟŶŐĐŽŶƐƚƌĂŝŶƚƐ͘ dŚŝƐĨĂĐŝůŝƚǇůŽĐĂƟŽŶƉůĂĐĞƐƚŚĞƉƌŽƉŽƐĞĚŶĞǁĨĂĐŝůŝƚǇŽƵƚƐŝĚĞŽĨƚŚĞĐƵƌƌĞŶƚ ƐĞĐƵƌĞ ƉĞƌŝŵĞƚĞƌ ĨĞŶĐŝŶŐͬďŽƵŶĚĂƌǇ͘dŚŝƐůŽĐĂƟŽŶĐŽƵůĚƉƌŽǀŝĚĞƐĞǀĞƌĂůŬĞǇ ďĞŶĞĮƚƐŝŶĐůƵĚŝŶŐĐĞŶƚƌĂůĂĐĐĞƐƐƚŽƚŚĞƉƵďůŝĐ͕ĐůŝĞŶƚƐĂŶĚŽƚŚĞƌƵƐĞƌƐͬƐƵƉƉůŝĞƌƐ ĂŶĚǀŝƐŝƚŽƌƐ͘ February 2018 WĂŐĞϭϵ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ Mulberry Water Reclamation Facility Site (MWRF) Site Alternative “A” dŚŝƐƉŽƌƟŽŶŽĨƚŚĞDƵůďĞƌƌǇƐŝƚĞŚĂƐďĞĞŶůĞĂƐĞĚĂŶĚŝƐůĂƌŐĞůǇĐŽǀĞƌĞĚďǇƚŚĞ ƉƌĞǀŝŽƵƐůǇŵĞŶƟŽŶĞĚWsĂƌƌĂǇ͘ůƚŚŽƵŐŚƚŚĞƌĞŝƐƐŽŵĞŇĂƚƉŽƌƟŽŶŽĨƚŚŝƐĂƌĞĂ ŽĨƚŚĞƐŝƚĞƚŚĂƚŝƐŶŽƚŽĐĐƵƉŝĞĚďǇƚŚĞWsƉĂŶĞůƐŝƚŝƐŝŶƐƵĸĐŝĞŶƚůǇůĂƌŐĞĞŶŽƵŐŚ ĨŽƌƚŚĞĞŶƟƌĞƚǇŽĨĂŶĞǁtY>ΘW>ĨĂĐŝůŝƚǇ͘dŚĞWsĂƌƌĂǇǁŽƵůĚďĞŝŵƉĂĐƚĞĚ ǁŝƚŚƐŽŵĞƌĞŵŽǀĂůĂŶĚƌĞůŽĐĂƟŽŶƐƌĞƋƵŝƌĞĚ͘ dŚŝƐƉŽƌƟŽŶŽĨƚŚĞƐŝƚĞŝƐŽƵƚƐŝĚĞƚŚĞĐƵƌƌĞŶƚƐĞĐƵƌĞƐŝƚĞďŽƵŶĚĂƌŝĞƐĂŶĚŝƐ ůŽĐĂƚĞĚĂƚƐƚƌĞĞƚůĞǀĞů͘/ƚƉƌĞƐĞŶƚƐŐŽŽĚŽƉƉŽƌƚƵŶŝƟĞƐĨŽƌĂĐĐĞƐƐƚŽƚŚĞĨĂĐŝůŝƚǇ ĨƌŽŵƚŚĞĂĚũŽŝŶŝŶŐďŽƵůĞǀĂƌĚ͘ůƐŽ͕ƚŚĞĂĚũĂĐĞŶƚƌĂŝůƌŽĂĚĐƌĞĂƚĞƐƐŽŵĞǁŽƌŬ ĞŶǀŝƌŽŶŵĞŶƚĐŽŶĐĞƌŶƐ͘ Site Alternative “B” dŚŝƐƉŽƚĞŶƟĂůƐŝƚĞůŽĐĂƚĞĚĂƚƚŚĞĐĞŶƚĞƌŽĨƚŚĞĐĂŵƉƵƐŽĨďƵŝůĚŝŶŐƐŝƐĐƵƌƌĞŶƚůǇ ŽĐĐƵƉŝĞĚďǇĂŶĂĞƐƚŚĞƟĐƉŽŶĚĨĞĂƚƵƌĞ͘ĞĐĂƵƐĞƚŚĞƉŽŶĚƐĞƌǀĞƐŶŽĨƵŶĐƟŽŶĂů ƉƵƌƉŽƐĞŝƚǁĂƐĚĞƚĞƌŵŝŶĞĚďǇƚŚĞŝƚǇƚŚĂƚƚŚĞƉŽŶĚĐŽƵůĚďĞĞůŝŵŝŶĂƚĞĚǁĞƌĞ ƚŚŝƐƐŝƚĞƚŽƉƌŽǀĞƚŚĞŵŽƐƚĚĞƐŝƌĂďůĞ͘ ůƚŚŽƵŐŚ ƚŚĞ ƚǁŽ ŵŽƐƚ ƚƌĂŶƐĨĞƌƌĂďůĞ ĨĂĐŝůŝƚǇ ƉƌŽƚŽƚǇƉĞ ĐŽŶĐĞƉƚƐĐŽƵůĚďĞ ůŽĐĂƚĞĚŽŶƚŚŝƐƉĂƌĐĞůŝƚǁĂƐ;ůĂƚĞƌͿĚĞƚĞƌŵŝŶĞĚƚŚĂƚĂƐƉĞĐŝĮĐƐŝƚĞͲƌĞƐƉŽŶƐŝǀĞ ƉƌŽƚŽƚǇƉĞďĞĐƌĞĂƚĞĚ͖ƚŚĞ͞>͟ŽŶĐĞƉƚ͘ dŚŝƐƐŝƚĞŝƐǁŝƚŚŝŶƚŚĞĐƵƌƌĞŶƚƐĞĐƵƌĞďŽƵŶĚĂƌŝĞƐĂŶĚĂĐĐĞƐƐƚŽƚŚĞĨĂĐŝůŝƚǇŝƐ ůŝŵŝƚĞĚƚŽƚŚĞŵĂŝŶƐŝƚĞĂĐĐĞƐƐƚŽƚŚĞƐŽƵƚŚ͘ Site Alternative “C” ^ŝƚĞůƚĞƌŶĂƟǀĞ͟͞ǁĂƐƐĞůĞĐƚĞĚďĞĐĂƵƐĞŝƚŝƐƚŚĞŵŽƐƚŚŝŐŚůǇǀŝƐŝďůĞůŽĐĂƟŽŶ ŽŶƚŚŝƐŽƌĂŶǇŽƚŚĞƌŽĨƚŚĞƉŽƚĞŶƟĂůƐŝƚĞůŽĐĂƟŽŶƐ͘ƐĂŵĞĂŶƐƚŽĂĐŚŝĞǀĞĂŶĚ ƉƌŽŵŽƚĞĞĚƵĐĂƟŽŶĂŶĚ͞ƉƵďůŝĐŽƵƚƌĞĂĐŚ͟ŝƚǁĂƐŝŵĂŐŝŶĞĚƚŚĂƚƚŚŝƐƐŝƚĞĐŽƵůĚ ďĞƐƚƉƌŽǀŝĚĞƚŚĞŽƉƉŽƌƚƵŶŝƚǇƚŽŝůůƵƐƚƌĂƚĞƚŚĞŝƚǇŽĨ&ŽƌƚŽůůŝŶƐŵŝƐƐŝŽŶĂŶĚ ƐĞƌǀŝĐĞƐƌĞůĂƚĞĚƚŽǁĂƚĞƌƋƵĂůŝƚǇĂŶĚƉŽůůƵƟŽŶĐŽŶƚƌŽů͘ dŚŝƐƉƌŽƉŽƐĞĚƐŝƚĞĂƌĞĂŝƐƐŽŵĞǁŚĂƚĐŽŶƐƚƌŝĐƚĞĚďǇďŽƚŚƐŝƚĞƌŽĂĚǁĂǇƐ͕ĂĐĐĞƐƐ ĐŽŶĐĞƌŶ͕ĂŶĚƐŝƚĞŐƌĂĚŝŶŐ͕ƐƉĞĐŝĮĐĂůůǇĂƐƚŚĞĂĚũŽŝŶŝŶŐďŽƵůĞǀĂƌĚƚŽƚŚĞƐŽƵƚŚ ŝƐƐŽŵĞϮϬ͛ͲϬ͟ĂďŽǀĞƚŚŝƐůŽĐĂƟŽŶ͘dŚŝƐƐŝƚĞǁŽƵůĚƌĞƋƵŝƌĞƌĞůŽĐĂƟŽŶŽĨƚŚĞ ƵŶĚĞƌŐƌŽƵŶĚŚĞĂƚĞǆĐŚĂŶŐĞƐǇƐƚĞŵƵƐĞĚĨŽƌƉƌŽĐĞƐƐĐŽŶƚƌŽůďƵŝůĚŝŶŐƐďƵƌŝĞĚ ŝŶƚŚŝƐĂƌĞĂ͘ WĂŐĞϮϬ February 2018 Drake Water Reclamation Facility Site (DWRF) Site Alternative “A” dŚĞŵŽĚĞƌŶŝǌŝŶŐĂŶĚĞǆƉĂŶƐŝŽŶƐĐĞŶĂƌŝŽ͕ǁĞƌĞŝƚƚŽŝŶĐůƵĚĞƚŚĞĨƵůůďƵŝůĚŽƵƚ ŽĨďŽƚŚƚŚĞtY>ΘW>ĨĂĐŝůŝƟĞƐ͕ǁŽƵůĚďĞĐŚĂůůĞŶŐŝŶŐĂŶĚĐŽƐƚůǇ͘dŚĞĞǆŝƐƟŶŐ ĨĂĐŝůŝƚǇŝƐŚĞŵŵĞĚŝŶďǇƚƌĞĂƚŵĞŶƚĨĂĐŝůŝƟĞƐƚŽƚŚĞŶŽƌƚŚĂŶĚƉƌŝŵĂƌǇǀĞŚŝĐƵůĂƌ ƌŽĂĚǁĂǇƐĂƚďŽƚŚƚŚĞĞĂƐƚĂŶĚǁĞƐƚƐŝĚĞƐ͘ dŚĞ ĐƵƌƌĞŶƚ W> ĨĂĐŝůŝƚǇ ŚĂƐ ďĞĞŶ ƌĞŶŽǀĂƚĞĚ ĂŶĚ ĞǆƉĂŶĚĞĚ ŽǀĞƌ ƟŵĞ ĂŶĚ ƐƉĂĐĞƐ;ƐŝŵŝůĂƌƚŽƚŚĞtY>ĨĂĐŝůŝƚǇͿŚĂǀĞďĞĞŶƌĞͲƉƵƌƉŽƐĞĚĨŽƌƵƐĞƐĨŽƌǁŚŝĐŚ ƚŚĞĨĂĐŝůŝƚǇǁĂƐŶŽƚŽƌŝŐŝŶĂůůǇĚĞƐŝŐŶĞĚ͘ dŚŝƐƐŝƚĞĂůƚĞƌŶĂƟǀĞĐŽŶĐĞƉƚƉƌŽƉŽƐĞƐƚŽůĂƌŐĞůǇ͞ŐƵƚ͟ƚŚĞĞǆŝƐƟŶŐĨĂĐŝůŝƚǇĂŶĚ ĂĚĚ ŽŶƚŽ ƚŚĞ ĞǆŝƐƟŶŐ ƐƚƌƵĐƚƵƌĞ ĂƐ ŶĞĐĞƐƐĂƌǇ͘ dŚŝƐ ĂůƚĞƌŶĂƟǀĞ ǁŽƵůĚ ŶĞĂƌůǇ ĞŶƟƌĞůǇƌĞĐŽŶƐƚƌƵĐƚĂůůŽĨƚŚĞƉƌŽƉŽƐĞĚŶĞǁĨƵŶĐƟŽŶĂůĂƌĞĂƐ͘ Site Alternative “B” ^ŝƚĞ ĂůƚĞƌŶĂƟǀĞ ͟͞ ŝƐ Ă ŇĂƚ ůĂƌŐĞůǇ ƵŶĐŽŶƐƚƌĂŝŶĞĚ ŐƌĞĞŶĮĞůĚ ƐŝƚĞ Ăƚ ƚŚĞ ŶŽƌƚŚǁĞƐƚĐŽƌŶĞƌŽĨƚŚĞĞǆŝƐƟŶŐW>ƐŝƚĞ͘dŚŝƐƐŝƚĞůŽĐĂƟŽŶĐĂŶĂĐĐŽŵŵŽĚĂƚĞ ĂŶǇƉƌŽƚŽƚǇƉĞĨĂĐŝůŝƚǇĐŽŶĐĞƉƚ͘ ůƚŚŽƵŐŚ ƐƵďƐƚĂŶƟĂůůǇ ƌĞŵŽƚĞ ĨƌŽŵ ƚŚĞ ĐƵƌƌĞŶƚ ĞǆŝƐƟŶŐ ƐŝƚĞ ĨĂĐŝůŝƟĞƐ ŝƚ ĚŽĞƐŚĂǀĞǀĞŚŝĐƵůĂƌĐŽŶŶĞĐƟǀŝƚǇƚŽƚŚĞƌĞŵĂŝŶĚĞƌŽĨƚŚĞƐŝƚĞ͘dŚŝƐůŽĐĂƟŽŶ ĨƌŽŶƚƐŽŶƚŽĂĐƵƌƌĞŶƚůǇƵŶĚĞǀĞůŽƉĞĚƌŽĂĚǁĂǇƚŚĂƚƚŚĞŝƚǇŽĨ&ŽƌƚŽůůŝŶƐŚĂƐ ŝĚĞŶƟĮĞĚŝƐƐŽŽŶƚŽďĞŝŵƉƌŽǀĞĚ͘^ƵĐŚĂƌŽĂĚǁĂǇŝŵƉƌŽǀĞŵĞŶƚǁŽƵůĚƉƌŽǀŝĚĞ ŐŽŽĚĂĐĐĞƐƐƚŽƚŚĞĨĂĐŝůŝƚǇĨŽƌĂůůĞŵƉůŽǇĞĞƐĂŶĚƵƐĞƌƐ͘ dŚĞƐŝƚĞŝƐǁŝƚŚŝŶƚŚĞĐƵƌƌĞŶƚƐĞĐƵƌĞƐŝƚĞĨĂĐŝůŝƟĞƐďŽƵŶĚĂƌǇƚŚŽƵŐŚ͕ǁŝƚŚĂŶĞǁ ĂĐĐĞƐƐƌŽĂĚͬƉŽŝŶƚ͕ƚŚĂƚďŽƵŶĚĂƌǇĐŽƵůĚďĞƌĞůŽĐĂƚĞĚ͘ Site Alternatives Conclusions dŚĞ tY> Θ W> ƐŝƚĞ ĂůƚĞƌŶĂƟǀĞ ůŽĐĂƟŽŶƐ ŽƉƟŽŶƐ ǁĞƌĞ ƌĞǀŝĞǁĞĚ ďǇ ƚŚĞ ƐƚĂŬĞŚŽůĚĞƌ ŐƌŽƵƉ ŝŶ ĐŽŶũƵŶĐƟŽŶ ǁŝƚŚ ƐŽŵĞ ƉƌĞůŝŵŝŶĂƌǇ ĞƐƟŵĂƟŶŐ͘EŽ ĂůƚĞƌŶĂƟǀĞƐŝƚĞůŽĐĂƟŽŶ͕td&͕DƵůďĞƌƌǇŽƌtZ&ƐŝƚĞƐǁĂƐĞůŝŵŝŶĂƚĞĚĨƌŽŵ ĐŽŶƐŝĚĞƌĂƟŽŶĂƚƚŚŝƐƉŽŝŶƚ͘&ŽƌƚŚĞƉƵƌƉŽƐĞƐŽĨƚŚŝƐƐƚƵĚǇŝƚǁĂƐĚĞƚĞƌŵŝŶĞĚ ƚŚĂƚǁĞǁŽƵůĚƐĞůĞĐƚĂ͞ƉƌĞĨĞƌƌĞĚ͟ĨĂĐŝůŝƚǇůŽĐĂƟŽŶĨƌŽŵĞĂĐŚŽĨƚŚĞƐĞƉŽƚĞŶƟĂů ƐŝƚĞƐ͘dŚŽƐĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐǁĞƌĞĂƐĨŽůůŽǁƐ͗ Water Treatment Facility Site dŚĞŐƌĞĞŶĮĞůĚƐŝƚĞůŽĐĂƟŽŶĂƚƚŚĞƐŽƵƚŚĞĂƐƚ ĐŽƌŶĞƌ ŽĨ ƚŚĞ ƐŝƚĞ͕ ůƚĞƌŶĂƟǀĞ ͕͟͞ ŽƵƚƐŝĚĞ ŽĨƚŚĞĐƵƌƌĞŶƚƐŝƚĞƐĞĐƵƌĞďŽƵŶĚĂƌǇǁĂƐƚŚĞ ƐĞůĞĐƚĞĚ ƉƌĞĨĞƌƌĞĚ ůŽĐĂƟŽŶ Ăƚ ƚŚĞ td& ƐŝƚĞ͘ ƌĞůĂƟǀĞůǇŇĂƚƐŝƚĞǁŝƚŚĨĞǁĐŽŶƐƚƌĂŝŶƚƐĂŶĚ ĞĂƐǇĞŵƉůŽǇĞĞͬǀŝƐŝƚŽƌĂĐĐĞƐƐǁĞƌĞĂŐƌĞĞĚƚŽ ďĞŝƚƐƉƌŝŵĂƌǇĂĚǀĂŶƚĂŐĞƐ͘ Mulberry Site ůƚŚŽƵŐŚƐŝƚĞůƚĞƌŶĂƟǀĞ͟͞ĨŽƌƚŚŝƐůŽĐĂƟŽŶ ǁĂƐ ƚŚĞŵŽƐƚƌĞĂĚŝůǇ͞ĂƩƌĂĐƟǀĞ͟ŽƉƟŽŶƚŚĞ ƵŶŬŶŽǁŶƐƌĞůĂƚĞĚƚŽƚŚĞĨƵƚƵƌĞĚĞǀĞůŽƉŵĞŶƚ ŽĨ ƚŚŝƐ ƐŝƚĞ ĂƌĞĂ ĨŽƌ Ă ͞ŐĂƚĞǁĂǇ͟ƉƌŽũĞĐƚƉƵƚ ƚŚĂƚ ƐĞůĞĐƟŽŶ ŝŶ ũĞŽƉĂƌĚǇ͘ dŚĞ ͞ĐĞŶƚƌĂů͟ ůŽĐĂƟŽŶ ;ĐƵƌƌĞŶƚůǇ ƚŚĞ ƉŽŶĚ ĨĞĂƚƵƌĞ ĂƌĞĂͿ ͞ůƚĞƌŶĂƟǀĞ ͟ ǁĂƐ ĚĞĞŵĞĚ ƚŚĞ ůŝŬĞůǇ ďĞƐƚ ůŽĐĂƟŽŶĂƚƚŚŝƐƐŝƚĞ͘ ƌĂŬĞtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞ dŚĞ ŇĂƚ ŐƌĞĞŶĮĞůĚ ƐŝƚĞ ůŽĐĂƟŽŶ͕ ůƚĞƌŶĂƟǀĞ ͟͞ ǁŝƚŚ ƉŽƚĞŶƟĂů ĞŵƉůŽǇĞĞͬǀŝƐŝƚŽƌͬƐĞƌǀŝĐĞ ĂĐĐĞƐƐ ǀŝĂ Ă ƉƌŽƉŽƐĞĚ ŶĞǁ ƌŽĂĚǁĂǇ ĂůŽŶŐ ŝƚƐ ŶŽƌƚŚĞƌŶ ďŽƵŶĚĂƌǇ ǁĂƐ ƚŚĞ ĐůĞĂƌ ŵŽƐƚ ĂŵĞŶĂďůĞ ĨĂĐŝůŝƚǇ ůŽĐĂƟŽŶ Ăƚ ƚŚŝƐ ƐŝƚĞ͘ dŚĞ ĂŵŽƵŶƚŽĨĂƌĞĂĂǀĂŝůĂďůĞĨŽƌĚĞǀĞůŽƉŵĞŶƚŽĨ ŶĞǁ ĨĂĐŝůŝƚǇ ŝƐ ƐƵĸĐŝĞŶƚ ƚŽ ĂĐĐŽŵŵŽĚĂƚĞ Ă ƌĂŶŐĞŽĨƐƉĞĐŝĮĐƐŝƟŶŐŽƉƉŽƌƚƵŶŝƟĞƐ͕ĨĂĐŝůŝƚǇ ĐŽŶĮŐƵƌĂƟŽŶƐĂŶĚƐĞĐƵƌŝƚǇƐĞƉĂƌĂƟŽŶƐ͘ February 2018 WĂŐĞϮϭ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ dŚĞ/ŶŶŽǀĂƟŽŶŝƐƚƌŝĐƚŵĂǇƉƌŽǀŝĚĞĂŶŽƉƉŽƌƚƵŶŝƚǇĨŽƌƚŚĞŝƚǇƚŽƉĂƌƚŶĞƌŽƌ ĐŽůůĂďŽƌĂƚĞǁŝƚŚĚĞǀĞůŽƉĞƌƐĨŽƌůĂďŽƌĂƚŽƌǇƐƉĂĐĞĂƐƚŚŝƐƵƐĞĂůŝŐŶƐǁŝƚŚƚŚĞ ŐŽĂůƐĨŽƌƚŚĞŝƐƚƌŝĐƚ͘ĐŽŵďŝŶĞĚtYͲW>ĂďŝŶƚŚŝƐǀŝĐŝŶŝƚǇĐŽƵůĚŽīĞƌƚŚĞ ĨŽůůŽǁŝŶŐďĞŶĞĮƚƐ͗ • ĞŶƚƌĂůůŽĐĂƟŽŶŝŶƌĞĂƐŽŶĂďůĞƉƌŽǆŝŵŝƚǇƚŽƚŚĞŝƚǇdƌĞĂƚŵĞŶƚĨĂĐŝůŝƟĞƐ͕ ^ĞƌǀŝĐĞĞŶƚĞƌĂŶĚhƟůŝƟĞƐĂĚŵŝŶŝƐƚƌĂƟŽŶďƵŝůĚŝŶŐ͕ • KƉƉŽƌƚƵŶŝƟĞƐƚŽĐŽůůĂďŽƌĂƚĞǁŝƚŚĞĚƵĐĂƟŽŶĂůŝŶƐƟƚƵƟŽŶƐĂŶĚƉƌŝǀĂƚĞ ƌĞƐĞĂƌĐŚ • ,ŝŐŚǀŝƐŝďŝůŝƚǇǁŝƚŚĂƉƵďůŝĐĞĚƵĐĂƟŽŶĂŶĚŽƵƚƌĞĂĐŚĨƵŶĐƟŽŶĂůŝŐŶĞĚǁŝƚŚ ƚŚĞĂĚũĂĐĞŶƚDƵƐĞƵŵŽĨŝƐĐŽǀĞƌǇĂŶĚWŽƵĚƌĞZŝǀĞƌtŚŝƚĞǁĂƚĞƌWĂƌŬ͘ dŚĞĚƌĂǁďĂĐŬƚŽůĞĂƐĞŽƉƟŽŶĂƌĞŚĂǀŝŶŐĂŝƚǇ&ĂĐŝůŝƚǇŽƵƚƐŝĚĞŽĨdƌĞĂƚŵĞŶƚ ĨĂĐŝůŝƚǇ ůŽĐĂƟŽŶ͕ ĂŶŶƵĂů ůĞĂƐĞ ĐŽƐƚƐ͕ ĂŶĚ ƉŽƚĞŶƟĂů ůŝŵŝƚĂƟŽŶ ĨŽƌ ůĂǇŽƵƚ͘ dŽ ĐŽŵƉĂƌĞƚŚĞůĞĂƐĞŽƉƟŽŶƚŽƚŚĞĐŽŶƐƚƌƵĐƟŽŶĐŽƐƚĨŽƌƚŚĞŽŶƐŝƚĞĂůƚĞƌŶĂƟǀĞƐ ƚŚĞĨŽůůŽǁŝŶŐĂƐƐƵŵƉƟŽŶƐǁĞƌĞŵĂĚĞ͘ • ůĞĂƐĞƌĂƚĞŽĨΨϯϬͬƐĨƉĞƌǇĞĂƌǁĂƐĂƐƐƵŵĞĚďĂƐĞĚŽŶĐƵƌƌĞŶƚ ĐŽŵƉĂƌĂƟǀĞƐĨŽƌǁĞƚůĂďĂŶĚŵĞĚŝĐĂůƐƉĂĐĞ͕ƉƌĞƐĞŶƚͲǁŽƌƚŚǀĂůƵĞŽĨƚŚĞ ƐƉĂĐĞĂƐƐƵŵĞďĂƐĞĚŽŶϮϬǇĞĂƌƚĞƌŵĂŶĚĚŝƐĐŽƵŶƚƌĂƚĞŽĨϯй͘ • dĞŶĂŶƚŝŵƉƌŽǀĞŵĞŶƚƐĐŽƐƚŽĨΨϰDŽƌĐƵƐƚŽŵĨƵƌŶŝƐŚŝŶŐĂŶĚĨĂĐŝůŝƚǇ ĞŶŚĂŶĐĞŵĞŶƚĂďŽǀĞƚŚĞůĞĂƐĞůĞǀĞůŽĨĮŶŝƐŚ͘ • ŶĂůǇƟĐĂůƋƵŝƉŵĞŶƚĂůůŽǁĂŶĐĞΨϱϬϬ͕ϬϬϬ͘ • ŽƐƚŽĨĂĚĚƌĞƐƐŝŶŐĚĞĐŽŵŵŝƐƐŝŽŶŝŶŐŽĨtY>ĂŶĚW>͕ĂŶĚŵŽǀŝŶŐ͘ dŚĞ ůĞĂƐĞ ŽƉƟŽŶ ŵĂǇ ƐŝŐŶŝĮĐĂŶƚůǇ ƌĞĚƵĐĞ ƉƌŽũĞĐƚ ĐŽƐƚ ďĂƐĞĚ ŽŶ ϮϬͲǇĞĂƌ ƉĞƌŝŽĚ͘EĞŐŽƟĂƟŽŶƐǁŝƚŚĂĚĞǀĞůŽƉĞƌĨŽƌƐƉĂĐĞŝŶƚŚĞ/ŶŶŽǀĂƟŽŶŝƐƚƌŝĐƚĂƌĞ ǁĂƌƌĂŶƚĞĚƚŽĐŽŶĮƌŵĐŽƐƚĂŶĚŽƉƉŽƌƚƵŶŝƟĞƐĨŽƌůŽŶŐƚĞƌŵůĞĂƐŝŶŐ͘dŚĞůĞĂƐĞ ŵĂǇĂůƐŽƉƌŽǀŝĚĞŽƉƉŽƌƚƵŶŝƚǇƚŽĞĐŽŶŽŵŝĐĂůůǇĞǆƉĂŶĚŽƌƌĞƚƌĂĐƚƚŚĞůĂďƐƉĂĐĞ ďĂƐĞĚŽŶĂĐƚƵĂůŶĞĞĚƐ͘ Benefit Criteria Alternatives dŚĞ ĨŽůůŽǁŝŶŐ ĂůƚĞƌŶĂƟǀĞƐ ǁĞƌĞ ƐĞůĞĐƚĞĚ ĨŽƌ ďĞŶĞĮƚ ƐĐŽƌŝŶŐ ĞǀĂůƵĂƟŽŶ͘ &Žƌ ŶĞǁĨĂĐŝůŝƚǇĐŽŶƐƚƌƵĐƟŽŶƚŚĞƉƌĞĨĞƌƌĞĚtd&^ŝƚĞ͕tZ&^ŝƚĞ͕ĂŶĚDtZ& ^ŝƚĞůŽĐĂƟŽŶĂƌĞĂƐƐƵŵĞĚ͘ • EŽĐƟŽŶůƚĞƌŶĂƟǀĞ͗EŽĐƟŽŶůƚĞƌŶĂƟǀĞǁŝůůďĞƉƌĞƐĞŶƚĞĚďĂƐĞĚ ŽŶĐŽŶĚŝƟŽŶĂƐƐĞƐƐŵĞŶƚĮŶĚŝŶŐƐ͘΀EŽƚĞ͗EŽĂĐƟŽŶŝƐĐŽŶƐŝĚĞƌĞĚ ŝŶĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞƉƌŽũĞĐƚ͛ƐƐƚĂƚĞĚŐŽĂůƐ͘΁ • ůƚĞƌŶĂƟǀĞϭ͗KƵƚƐŽƵƌĐŝŶŐ>ĂďŽƌĂƚŽƌǇŶĂůǇƟĐĂů^ĞƌǀŝĐĞƐ͘dŚĞ ŝƚǇŽƵƚƐŽƵƌĐĞƐƚŚĞĂŶĂůǇƟĐĂůƐĞƌǀŝĐĞƐƚŽŝŶĚĞƉĞŶĚĞŶƚĂĐĐƌĞĚŝƚĞĚ ůĂďŽƌĂƚŽƌǇ;ƐͿ͘΀EŽƚĞ͗Ă,ŝŐŚůĞǀĞůŵĂƌŬĞƚĂƐƐĞƐƐŵĞŶƚǁĂƐƉĞƌĨŽƌŵĞĚĨŽƌ ƚŚŝƐůƚĞƌŶĂƟǀĞ͘΁ • ůƚĞƌŶĂƟǀĞϮ͗/ŶĚĞƉĞŶĚĞŶƚtY>ĂŶĚW>>ĂďŽƌĂƚŽƌŝĞƐůŽĐĂƚĞĚĂƚƚŚĞtd& ĂŶĚtZ&͗ – ůƚĞƌŶĂƟǀĞϮ͗ZĞŶŽǀĂƟŽŶŽĨƚŚĞǆŝƐƟŶŐtY>ĂŶĚW>ĂƚƚŚĞ ĞǆŝƐƟŶŐďƵŝůĚŝŶŐƐ͘ – ůƚĞƌŶĂƟǀĞϮ͗ŽŶƐƚƌƵĐƚĂŶĞǁůĂďŽƌĂƚŽƌǇĂƚĞĂĐŚŽĨƚŚĞtd&ͬ tZ&ƐŝƚĞƐ͘ • ůƚĞƌŶĂƟǀĞϯ͗ŽŶƐŽůŝĚĂƚĞĚůĂďŽƌĂƚŽƌǇƚŽƐĞƌǀĞƚŚĞtY>ĂŶĚW> ĨƵŶĐƟŽŶƐĂƚĂƐŝŶŐůĞůŽĐĂƟŽŶ͗ – ůƚĞƌŶĂƟǀĞϯ͗ŽŶƐƚƌƵĐƚŶĞǁůĂďŽŶĂŐƌĞĞŶĮĞůĚƐŝƚĞƚŽƉƌŽǀŝĚĞ ďŽƚŚǁĂƚĞƌƋƵĂůŝƚǇĂŶĚƉŽůůƵƟŽŶĐŽŶƚƌŽůĂŶĂůǇƐĞƐĂƐĚĞĮŶĞĚŝŶƚŚĞ ĞǀĂůƵĂƟŽŶŶĞĞĚƐĂƐƐĞƐƐŵĞŶƚ͘ – ůƚĞƌŶĂƟǀĞϯ͘ϭtd&ŽŵďŝŶĞĚůĂď>ŽĐĂƟŽŶ – ůƚĞƌŶĂƟǀĞϯ͘ϮtZ&ŽŵďŝŶĞĚ>ĂďůŽĐĂƟŽŶ – ůƚĞƌŶĂƟǀĞϯ͘ϯDtZ&ŽŵďŝŶĞĚůĂďůŽĐĂƟŽŶ • ůƚĞƌŶĂƟǀĞϯ͗ZĞŶŽǀĂƚĞĂŶĞǆŝƐƟŶŐďƵŝůĚŝŶŐŽƌĨĂĐŝůŝƚǇŽǁŶĞĚŽƌ ƉƵƌĐŚĂƐĞĚďǇƚŚĞŝƚǇ͗WŽƚĞŶƟĂůƐŝƚĞƐĐŽƵůĚďĞĞǆŝƐƟŶŐǀĂĐĂŶƚĐŽŵŵĞƌĐŝĂů ĨĂĐŝůŝƟĞƐ͕ŝƚǇŽǁŶĞĚĨĂĐŝůŝƟĞƐ͕ŽƌƵŶƵƟůŝǌĞĚĨĞĚĞƌĂůĨĂĐŝůŝƚǇĂƐƐĞƚƐ͘ Lease Alternative 3B ƌĞǀŝĞǁ ŽĨ ůĞĂƐĞ ĂŶĚ ƉƵƌĐŚĂƐĞ ŽƉƟŽŶƐ ǁĞƌĞ ĐŽŶĚƵĐƚĞĚ ƚŽ ĚĞƚĞƌŵŝŶĞ ŝĨ ƚŚĞƌĞĂƌĞĞǆŝƐƟŶŐĨĂĐŝůŝƟĞƐƚŚĂƚŵĂǇŚĂǀĞůŽĐĂƟŽŶŽƌĐŽƐƚďĞŶĞĮƚƐĨŽƌĂŶĞǁ ĐŽŵďŝŶĞĚ ůĂď ĨĂĐŝůŝƚǇ͘ dŚĞ ŝƚǇ͛Ɛ ĐŽŶŽŵŝĐ ,ĞĂůƚŚ ŝƌĞĐƚŽƌ ĂƐƐŝƐƚĞĚ ŝŶ ƚŚĞ WĂŐĞϮϮ February 2018 ʹ&ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ;d>ĐĂƚĞŐŽƌǇĐŽŶŽŵŝĐͿ ŽŶĮŐƵƌĂƟŽŶĂŶĚůŽĐĂƟŽŶƚŽĂůůŽǁĨŽƌĨƵƚƵƌĞĞǆƚĞƌŝŽƌĞǆƉĂŶƐŝŽŶŽƌŝŶƚĞƌŝŽƌ ƌĞĂůŝŐŶŵĞŶƚĂŶĚͬŽƌƚŽŵĞĞƚĨƵƚƵƌĞĂŶĂůǇƟĐĂůŶĞĞĚƐ͘dŚĞĞǆŝƐƟŶŐůĂďƌĞŶŽǀĂƟŽŶ ŽƉƟŽŶƐŚĂǀĞůŝŵŝƚĞĚŇĞǆŝďŝůŝƚǇĚƵĞƚŽďƵŝůĚŝŶŐĂŶĚƐŝƚĞĐŽŶƐƚƌĂŝŶƚƐ͘ ʹ>ĞǀĞůŽĨ^ĞƌǀŝĐĞ;d>ĐĂƚĞŐŽƌǇ^ŽĐŝĂůͿ >ŽĐĂƟŽŶ ƚŚĂƚƉƌŽŵŽƚĞƐŽƌŐĂŶŝǌĂƟŽŶĂůƉƌŽĚƵĐƟǀŝƚǇĂŶĚĞĸĐŝĞŶƚƵƐĞŽĨƐƚĂī ĂŶĚĞƋƵŝƉŵĞŶƚ͕ĞůŝŵŝŶĂƚĞƐĚƵƉůŝĐĂƟŽŶ͕ĂůůŽǁƐĨŽƌĐƌŽƐƐƚƌĂŝŶŝŶŐĂŶĚŇĞǆŝďůĞ ƌĞƐŽƵƌĐĞƐ͕ ŝŵƉƌŽǀĞƐ ŝŶƚĞƌŶĂů ůĂď ĐŽŽƌĚŝŶĂƟŽŶ͕ ĞůŝŵŝŶĂƚĞƐ ƐŝůŽ ŽƌŐĂŶŝǌĂƟŽŶ ƐƚƌƵĐƚƵƌĞ͕ďĞƩĞƌƐƵƉƉŽƌƚƐ/^K͕ĂŶĚƌĞĚƵĐĞƐŵĂŶĂŐĞƌŝĂůƐƚĂīƚƌĂǀĞů͘ĐŽŵďŝŶĞĚ ůĂďĨĂĐŝůŝƚǇŽīĞƌƐƚŚĞƐĞŝŶŚĞƌĞŶƚŽƌŐĂŶŝǌĂƟŽŶĂůďĞŶĞĮƚƐĐŽŵƉĂƌĞĚƚŽĚŝƐƚƌŝďƵƚĞĚ ůĂďŽƌĂƚŽƌǇƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚĂƚƐĞƉĂƌĂƚĞĨĂĐŝůŝƟĞƐ͘ ʹWƌŽǆŝŵŝƚǇƚŽƵƐƚŽŵĞƌƐ;d>ĂƚĞŐŽƌǇŶǀŝƌŽŶŵĞŶƚͿ DĞĂƐƵƌĞĚĂƐƚŚĞƉƌŽǆŝŵŝƚǇĨƌŽŵƉƌŝŵĂƌǇĐƵƐƚŽŵĞƌƐ;ƚƌĞĂƚŵĞŶƚŽƉĞƌĂƟŽŶƐͿƚŽ ŵĂǆŝŵŝǌĞƉƌŽĐĞƐƐĐŽŽƌĚŝŶĂƟŽŶ͕ĞĸĐŝĞŶĐǇ͕ŵŝŶŝŵŝǌĞƚƌĂǀĞůƟŵĞ͕ĂŶĚƌĞĚƵĐĞ ŐƌĞĞŶŚŽƵƐĞŐĂƐͿ͖ƉĞƌĐĞŶƚĂŐĞŽĨĐƵƐƚŽŵĞƌƐĂŵƉůĞĂŶĂůǇƟĐĂůǀŽůƵŵĞĂƚůĂďƐŝƚĞ͘ dŚĞtĂƐƚĞǁĂƚĞƌƚƌĞĂƚŵĞŶƚĨĂĐŝůŝƚǇŵĂŶĂŐĞŵĞŶƚƐƚĂīŶŽƚĞĚƚŚĂƚƚŚĞW>ƐƚĂī ƐƵƉƉŽƌƚƐƌŽƵƟŶĞƚƌĞĂƚŵĞŶƚŽƉĞƌĂƟŽŶƐĂŶĚƉƌŽĐĞƐƐŽƉƟŵŝǌĂƟŽŶŝŶĂǁĂǇƚŚĂƚ ŝƐĚŝīĞƌĞŶƚĨƌŽŵtd&ƐƚĂīǁŚŽƌĞůǇŵŽƌĞŽŶŽŶůŝŶĞĂŶĂůǇƟĐĂůŵĞĂƐƵƌĞŵĞŶƚƐ ĂŶĚƚŚĞŝƌŝŶƚĞƌŶĂůƉƌŽĐĞƐƐůĂď͘ůƐŽƚŚĞtY>ůĂďƌĞƋƵŝƌĞƐƐĂŵƉůŝŶŐƚŚƌŽƵŐŚŽƵƚ ƚŚĞĚŝƐƚƌŝďƵƟŽŶƐǇƐƚĞŵ͕ǁĂƚĞƌƐŚĞĚƐŽƚŚĞƐƚĂƌƟŶŐůŽĐĂƟŽŶŝƐŶŽƚĐŽŶƐŝĚĞƌĞĚ ĐƌŝƟĐĂů͘ &ʹ^ŽƵƌĐĞƐŽĨŽŶƚĂŵŝŶĂƟŽŶ;d>ĂƚĞŐŽƌǇŶǀŝƌŽŶŵĞŶƚͿ DĞĂƐƵƌĞƐ ƚŚĂƚ ĂďŝůŝƚǇ ŽĨ ƚŚĞ ůĂď ƐƉĂĐĞ ƚŽ ƉƌĞǀĞŶƚͬĚĞƚĞƌ ŽƵƚƐŝĚĞ ƐŽƵƌĐĞƐ ŽĨ ĐŽŶƚĂŵŝŶĂƟŽŶ͖ŶƵŵďĞƌŽĨĐƌŽƐƐͲĐŽŶƚĂŵŝŶĂƟŽŶƉŽƚĞŶƟĂůƐ͘dŚŝƐŝƐǀŝĞǁĞĚĂƐ ŽƵƚƐŝĚĞƐŽƵƌĐĞƐŽĨĐŽŶƚĂŵŝŶĂƟŽŶ͕ĂƐƚŚĞŝŶƚĞƌŝŽƌůĂǇŽƵƚƐǁŝůůŵŝŶŝŵŝǌĞǁĂƚĞƌ ĂŶĚǁĂƐƚĞǁĂƚĞƌĐƌŽƐƐĐŽŶƚĂŵŝŶĂƟŽŶĂƐƐĞĞŶĚƵƌŝŶŐĐŽŵďŝŶĞĚĨĂĐŝůŝƚǇƚŽƵƌƐ͘ >ŽĐĂƟŽŶƐ ĂǁĂǇ ĨƌŽŵ ĐŽƌƌŽƐŝǀĞ͕ ƉĂƌƟĐƵůĂƚĞ Žƌ ƉƌŽĐĞƐƐ ĞŵŝƐƐŝŽŶƐ ƐŚŽƵůĚ ďĞ ŐŝǀĞŶƉƌĞĨĞƌĞŶĐĞ͘ 'ʹtŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ;d>ĂƚĞŐŽƌǇŶǀŝƌŽŶŵĞŶƚͿ ďŝůŝƚǇŽĨƚŚĞůĂďƚŽƉƌŽǀŝĚĞĂŐŽŽĚĨĂĐŝůŝƚǇǁŽƌŬŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂƚĂĚĞƐŝƌĞĚ ůŽĐĂƟŽŶƚŽƉĞƌĨŽƌŵŵŝƐƐŝŽŶĂŶĚĂƩƌĂĐƚĂŶĚŵĂŝŶƚĂŝŶƋƵĂůŝĮĞĚƐƚĂī͘ŽŶƐŝĚĞƌ ŝĨƚŚĞĂůƚĞƌŶĂƟǀĞŽīĞƌƐŝŶĚŝǀŝĚƵĂůĂĚĞƋƵĂƚĞŽĸĐĞƐƉĂĐĞ͕ƉĂƌŬŝŶŐĂƌĞĂĨŽƌůĂďͬ ĮĞůĚ ǀĞŚŝĐůĞƐ͕ ŽƉĞŶ ŇŽŽƌ ĐŽŶĐĞƉƚ͕ ŶĂƚƵƌĂů ůŝŐŚƟŶŐ͕ ĂŶĚ ĞƌŐŽŶŽŵŝĐ ůĂǇŽƵƚ͘ ĚũĂĐĞŶƚƚŽĚĞƐŝƌĞĚĂŵĞŶŝƟĞƐ;ƌĞĐƌĞĂƟŽŶĂůĂĐƟǀŝƟĞƐ͕ŽƚŚĞƌŝƚǇĨĂĐŝůŝƟĞƐͿ͘ ,ʹŝƐƌƵƉƟŽŶŽĨƐĞƌǀŝĐĞ ŵŽƵŶƚŽĨƟŵĞĞǆŝƐƟŶŐůĂďƐĞƌǀŝĐĞƐǁŽƵůĚďĞĚŝƐƌƵƉƚĞĚĚƵƌŝŶŐĐŽŶƐƚƌƵĐƟŽŶ͖ ŶƵŵďĞƌŽĨŵŽŶƚŚƐŽĨŝŵƉĂĐƚƚŽƐĞƌǀŝĐĞƐ͘ZĞŶŽǀĂƟŽŶǁŝůůƌĞƋƵŝƌĞƐŝŐŶŝĮĐĂŶƚ ƚĞŵƉŽƌĂƌǇ ƐĞƌǀŝĐĞ ŝŶƚĞƌƌƵƉƟŽŶƐ͘ /Ŷ ƚŚĞ ϯϬ ǇĞĂƌ ǀŝĞǁ ƚŚŝƐ ŶŽƚ ĐŽŶƐŝĚĞƌĞĚ Ă ƉƌŝŵĂƌǇĐƌŝƚĞƌŝŽŶĨŽƌĞǀĂůƵĂƟŽŶ͘ Criteria Weighting dŚĞ ŶŽŶŵŽŶĞƚĂƌǇ ďĞŶĞĮƚƐ ǁĞƌĞ ǁĞŝŐŚƚĞĚ ďǇ ƚŚĞ ŝƚǇ͛ƐƚĞĂŵƵƐŝŶŐĂĨŽƌĐĞ ƌĂŶŬŝŶŐĐŽŵƉĂƌŝƐŽŶďĞƚǁĞĞŶĐƌŝƚĞƌŝŽŶ͘dŚĞǁĞŝŐŚƚĞĚƐĐŽƌĞŝƐĚĞƚĞƌŵŝŶĞĚďǇ ƚŚĞŶƵŵďĞƌŽĨŚĞĂĚƚŽŚĞĂĚƐĞůĞĐƟŽŶĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞƚŽƚĂůƉŽƐƐŝďůĞ ĐŽŵƉĂƌŝƐŽŶƐ;ƚŽƚĂůŽĨϮϴͿ͕ĨŽƌƚŚŝƐŵĂƚƌŝǆ͘dŚĞƌĞƐƵůƚƐŽĨƚŚĞǁĞŝŐŚƚĞĚƌĂŶŬŝŶŐ ĂƌĞƐŚŽǁŶďĞůŽǁ͘ tĞŝŐŚƚĞĚŶŽŶͲŵŽŶĞƚĂƌǇďĞŶĞĮƚĐƌŝƚĞƌŝĂ Criterion ʹ>ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ ʹ&ƵƚƵƌĞĐĐƌĞĚŝƚĂƟŽŶ ʹ&ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ ʹ>ĞǀĞůŽĨ^ĞƌǀŝĐĞ ʹWƌŽǆŝŵŝƚǇƚŽƵƐƚŽŵĞƌƐ &ʹ^ŽƵƌĐĞƐŽĨŽŶƚĂŵŝŶĂƟŽŶ 'ʹtŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ ,ʹŝƐƌƵƉƟŽŶŽĨƐĞƌǀŝĐĞ Total Weight Rank ʹ>ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ AB D F ' A ϭϰй7 ʹ&ƵƚƵƌĞĐĐƌĞĚŝƚĂƟŽŶ BBBBBBB 7 Ϯϱй ϭ ʹ&ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ D ' ϰ ϭϰй ϰ February 2018 WĂŐĞϮϯ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ Alternative Benefit Criteria Scoring dŚĞŝƚǇƚĞĂŵƐĐŽƌĞĚĞĂĐŚĂůƚĞƌŶĂƟǀĞƵƐŝŶŐƚŚĞŶŽŶŵŽŶĞƚĂƌǇĐƌŝƚĞƌŝĂƚŽƉƌŽĚƵĐĞĂƚŽƚĂůďĞŶĞĮƚƐƐĐŽƌĞ͘dŚĞďĞŶĞĮƚ ƐĐŽƌĞƐĂƌĞŝůůƵƐƚƌĂƚĞĚďĞůŽǁ͘ dŚĞďĞŶĞĮƚƐĐŽƌŝŶŐƐŚŽǁƐĂƉƌĞĨĞƌĞŶĐĞĨŽƌƚŚĞĐŽŵďŝŶĞĚůĂďŽƌĂƚŽƌǇĂůƚĞƌŶĂƟǀĞϯ͘ϭƚŚƌŽƵŐŚϯ͘ϮǁŚŝĐŚƌĞŇĞĐƚƐƚŚĞ ŝŵƉĂĐƚ ŽĨ ƚŚĞ ůĞǀĞů ŽĨ ƐĞƌǀŝĐĞ ĐĂƚĞŐŽƌǇ ƚŚĂƚ ƌĞĐŽŐŶŝǌĞƐ ƚŚĞ ŽƌŐĂŶŝǌĂƟŽŶĂů ƉƌŽĚƵĐƟǀŝƚǇ ĞĸĐŝĞŶĐǇ ƚŚĂƚ ĐŽŵďŝŶŝŶŐ ƚŚĞ ůĂďƐĂƌĞĂŶƟĐŝƉĂƚĞĚƚŽƉƌŽĚƵĐĞ͘dŚĞtZ&ůŽĐĂƟŽŶŚĂƐĂƐůŝŐŚƚĂĚǀĂŶƚĂŐĞŽǀĞƌŽƚŚĞƌƐŝƚĞƐĚƵĞƚŽƚŚĞƉƌŽǆŝŵŝƚǇƚŽƚŚĞ ĐƵƐƚŽŵĞƌƐƐĐŽƌĞ͘dŚĞǁĂƐƚĞǁĂƚĞƌƚƌĞĂƚŵĞŶƚƐƚĂīďĞůŝĞǀĞŝƚŝƐŵŽƌĞĂĚǀĂŶƚĂŐĞŽƵƐƚŽďĞŽŶƚŚĞƐĂŵĞƐŝƚĞŽƌŝŶĐůŽƐĞ ƉƌŽǆŝŵŝƚǇƚŽƚŚĞttdW͘dŚĞďĞŶĞĮƚƐĨŽƌůĞĂƐŝŶŐĂŶĞǆŝƐƟŶŐďƵŝůĚŝŶŐŝƐĚŝĸĐƵůƚƚŽĂƐƐĞƐƐĂƐƚŚĞŝŶŝƟĂůůĞĂƐĞŽƉƟŽŶƐǁĞƌĞ ŶŽƚǀĞƌǇĨĂǀŽƌĂďůĞ͕ďƵƚĂƉŽƚĞŶƟĂůůĞĂƐĞŽƉƟŽŶŚĂƐĞŵĞƌŐĞĚƚŚĂƚŵĂǇĂůůŽǁƚŚĞŝƚǇƚŽŝŶǀĞƐƚŝŶĂƉƌŽƉŽƐĞĚůĞĂƐĞŽƉƟŽŶ ŝŶƚŚĞŝƚǇ͛Ɛ/ŶŶŽǀĂƟŽŶŝƐƚƌŝĐƚĂŶĚƉĂƌƚŶĞƌǁŝƚŚĂůŽĐĂůĚĞǀĞůŽƉĞƌƉƌŽƉŽƐŝŶŐǁĞƚůĂďƐƉĂĐĞĨŽƌĞĚƵĐĂƟŽŶĂůŝŶƐƟƚƵƟŽŶ ĂŶĚ ƉƌŝǀĂƚĞ ƌĞƐĞĂƌĐŚ Įƌŵ͘ ĞƉĞŶĚŝŶŐ ŽŶ ƚŚĞ ĐŽŶƐƚƌĂŝŶƚƐ ŽĨ ƚŚĞ ĚĞǀĞůŽƉĞƌ ƚŚĞ ďĞŶĞĮƚƐ ŽĨ ƚŚŝƐ ŽƉƟŽŶƐŵĂǇŶĞĞĚƚŽ ďĞƌĞĂƐƐĞƐƐĞĚ͘ dŽƚĂůďĞŶĞĮƚƐĐŽƌĞƐ Benefit Cost Analysis dŚĞƉƌŽũĞĐƚƚĞĂŵĐŽŶĚƵĐƚĞĚĂďĞŶĞĮƚĂŶĚĐŽƐƚĂŶĂůǇƐŝƐĐŽŶƐŝĚĞƌŝŶŐŶŽŶͲŵŽŶĞƚĂƌǇ;ďĞŶĞĮƚƐͿĂŶĚƚŽƚĂůƉƌŽũĞĐƚĐŽŶƐƚƌƵĐƟŽŶ ĐŽƐƚĨŽƌƚŚĞĂůƚĞƌŶĂƟǀĞƐ͘WƌŽũĞĐƚĐŽƐƚƐĨŽƌƚŚĞĂůƚĞƌŶĂƟǀĞƐǁĞƌĞĚĞǀĞůŽƉĞĚďǇƚŚĞŝƚǇ͛ƐůƚĞƌŶĂƟǀĞWƌŽĚƵĐƚĞůŝǀĞƌǇ^ǇƐƚĞŵ ;W^ͿĐŽŶƚƌĂĐƚŽƌ,ǇĚƌŽŽŶƐƚƌƵĐƟŽŶ͕ĞǆĐĞƉƚĨŽƌƚŚĞůĞĂƐĞŽƉƟŽŶǁŚŝĐŚƵƐĞĚĂŶƟĐŝƉĂƚĞĚtĞƚůĂďůĞĂƐŝŶŐƐƉĂĐĞǁŝƚŚĂŶ ĂƐƐƵŵĞĚƚĞŶĂŶƚŝŶǀĞƐƚŵĞŶƚĨĞĞ͘dŚĞĂůƚĞƌŶĂƟǀĞǁŝƚŚƚŚĞŚŝŐŚĞƐƚďĞŶĞĮƚĐŽƐƚƐĐŽƌĞŝƐƚŚĞĂůƚĞƌŶĂƟǀĞϯůĞĂƐĞŽƉƟŽŶĚƵĞ ƚŽƚŚĞůŽǁĞƌĐŽƐƚŽĨůĞĂƐŝŶŐĐŽŵŵĞƌĐŝĂůůǇĂǀĂŝůĂďůĞǁĞƚůĂďƐƉĂĐĞ͘,ŽǁĞǀĞƌŐŝǀĞŶƚŚĞƐƉĞĐƵůĂƟǀĞŶĂƚƵƌĞŽĨƚŚĞďĞŶĞĮƚƐ ĂŶĚĚĞǀĞůŽƉŵĞŶƚĐŽƐƚƵŶĐĞƌƚĂŝŶƚǇŽĨƚŚŝƐĂůƚĞƌŶĂƟǀĞ͕ĂŵŽƌĞĚĞƚĂŝůĞĚĞǀĂůƵĂƟŽŶŝƐƌĞƋƵŝƌĞĚƚŽĚĞƚĞƌŵŝŶĞŝƚƐĨĞĂƐŝďŝůŝƚǇ͘ &ŽƌĐŽŶƐƚƌƵĐƟŶŐĂůĂďŽŶŝƚǇŽǁŶĞĚƉƌŽƉĞƌƚǇƚŚĞĐŽŵďŝŶĞĚůĂďŽƌĂƚŽƌǇůŽĐĂƚĞĚĂĚũĂĐĞŶƚƚŽƚŚĞtZ&ůƚĞƌŶĂƟǀĞϯ͘ϮŚĂĚ ƚŚĞƐĞĐŽŶĚŚŝŐŚĞƐƚďĞŶĞĮƚĐŽƐƚƐĐŽƌĞĂŶĚŝƐƚŚĞƉƌĞĨĞƌƌĞĚůŽĐĂƟŽŶƉĞŶĚŝŶŐǀĞƫŶŐŽĨƚŚĞůĞĂƐĞůƚĞƌŶĂƟǀĞϯ͘ dŚĞďĞŶĞĮƚĐŽƐƚƐĐŽƌĞŝƐƉƌĞƐĞŶƚĞĚďĞůŽǁ͘ ĞŶĞĮƚĐŽƐƚƐĐŽƌĞ WĂŐĞϮϰ February 2018 Estimate Introduction ,ǇĚƌŽŽŶƐƚƌƵĐƟŽŶ͕ƚŚĞĐŝƚǇ͛ƐW^ĐŽŶƚƌĂĐƚŽƌ͕ƉƌŽǀŝĚĞĚĐŽƐƚĞƐƟŵĂƚĞƐĨŽƌƚŚĞĂůƚĞƌŶĂƟǀĞ͕ǁŝƚŚƚŚĞĞǆĐĞƉƟŽŶŽĨůƚĞƌŶĂƟǀĞϯ͘ǁŚŝĐŚƵƐĞĚůŽĐĂůůĞĂƐĞƌĂƚĞĂŶĚƚĞŶĂŶƚ ŝŵƉƌŽǀĞŵĞŶƚĐŽƐƚĂƐƐƵŵƉƟŽŶƐĨŽƌĞƐƟŵĂƟŶŐƉƌĞƐĞŶƚǁŽƌƚŚĐŽƐƚƚŽĐŽŵƉĂƌĞĚĐĂƉŝƚĂůĐŽƐƚƐ͘dŚĞĐĂƉŝƚĂůĐŽƐƚĞƐƟŵĂƚĞƐĨŽƌƚŚĞĂůƚĞƌŶĂƟǀĞƐĂƌĞƐƵŵŵĂƌŝǌĞĚďĞůŽǁ͘ ůƚĞƌŶĂƟǀĞŽƐƚƐƟŵĂƚĞ^ƵŵŵĂƌǇ ůƚ͘ϮͲZĞŶŽǀĂƚĞ ǆŝƐƟŶŐtY>ĂŶĚW> ůƚ͘ϮͲͲŽŶƐƚƌƵĐƚ ĂEĞǁ>ĂďĂƚĞĂĐŚ WTF/DWRF ůƚ͘ϯ͘ϭͲͲŽŶƐƚƌƵĐƚ ĂEĞǁŽŵďŝŶĞĚ >ĂďͲtd& ůƚ͘ϯ͘ϮͲͲŽŶƐƚƌƵĐƚ ĂEĞǁŽŵďŝŶĞĚ >ĂďͲtZ& ůƚ͘ϯ͘ϯͲͲŽŶƐƚƌƵĐƚ ĂEĞǁŽŵďŝŶĞĚ Lab – MWRF Alt 3B Lease Combined Lab Space ŽŶƐƚƌƵĐƟŽŶŽƐƚ;ƉĞƌ,ǇĚƌŽŽŶƐƚƌƵĐƟŽŶͿ Ψϭϰ͕ϱϭϰ͕ϬϬϬ Ψϭϲ͕ϲϱϰ͕ϬϬϬ Ψϭϰ͕ϳϰϮ͕ϬϬϬ Ψϭϰ͕ϱϭϱ͕ϬϬϬ Ψϭϱ͕ϳϬϯ͕ϬϬϬ Ψϰ͕ϬϬϬ͕ϬϬϬ;ϭͿ ŶŚĂŶĐĞĚƵŝůĚŝŶŐͬ^ĐŽƉĞůůŽǁĂŶĐĞ;ϭϱйͿ ΨϮ͕ϭϴϬ͕ϬϬϬ ΨϮ͕ϱϬϬ͕ϬϬϬ ΨϮ͕ϮϭϬ͕ϬϬϬ ΨϮ͕ϭϴϬ͕ϬϬϬ ΨϮ͕ϯϲϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ dŽƚĂůŽŶƐƚƌƵĐƟŽŶŽƐƚƵĚŐĞƚ Ψϭϲ͕ϲϵϰ͕ϬϬϬ Ψϭϵ͕ϭϱϰ͕ϬϬϬ Ψϭϲ͕ϵϱϮ͕ϬϬϬ Ψϭϲ͕ϲϵϱ͕ϬϬϬ Ψϭϴ͕Ϭϲϯ͕ϬϬϬ Ψϰ͕ϲϬϬ͕ϬϬϬ ŶŐŝŶĞĞƌŝŶŐĂŶĚDͬ^ϭϲй ΨϮ͕ϲϳϬ͕ϬϬϬ Ψϯ͕ϬϲϬ͕ϬϬϬ ΨϮ͕ϳϭϬ͕ϬϬϬ ΨϮ͕ϲϳϬ͕ϬϬϬ ΨϮ͕ϴϵϬ͕ϬϬϬ ΨϳϰϬ͘ϬϬϬ ŝƚǇWƌŽũĞĐƚDĂŶĂŐĞŵĞŶƚ^ƚĂī ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ W^ŽŶƚƌĂĐƚŽƌĞƐŝŐŶƐƐƚ͘ ΨϮϱ͕ϬϬϬ ΨϮϱ͕ϬϬϬ ΨϮϱ͕ϬϬϬ ΨϮϱ͕ϬϬϬ ΨϮϱ͕ϬϬϬ ΨϮϱ͕ϬϬϬ >ĞĂƐĞƌĂƚĞ;ΨϲϬϬ<͕ϮϬǇĞĂƌƐ͕ŝсϯйͿ ΨϬ ΨϬ ΨϬ ΨϬ ΨϬ Ψϴ͕ϵϮϲ͕ϰϴϱ;ϮͿ Total Present Worth Cost (3) $19,989,000 $22,839,000 $20,287,000 $19,990,000 $21,578,000 $14,892,000 Total project Cost in Millions $19.99 $22.84 $20.29 $19.99 $21.58 $14.89 ĞŶĞĮƚŽƐƚZĂƟŽ 2.85 2.90 3.50 3.69 3.35 3.83 ZĂŶŬ;>Žǁ͕DĞĚŝƵŵ,ŝŐŚͿ >Žǁ >Žǁ Medium High Medium High ;ϭͿΨϰDƚĞŶĂŶƚŝŵƉƌŽǀĞŵĞŶƚĐŽƐƚĂƐƐƵŵĞĚ ;ϮͿ>ĞĂƐĞĂƐƐƵŵĞĚĂƚΨϯϬͬ^ƐƋŌdƌŝƉůĞEĞƚ͕ĨŽƌϮϬ͕ϬϬϬ^ĨŽƌΨϲϬϬ͕ϬϬϬƉĞƌǇĞĂƌŝŶƌĞŶƚŽǀĞƌϮϬǇĞĂƌƉĞƌŝŽĚ ;ϯͿŽƐƚŝŶϮϬϭϴĚŽůůĂƌƐ͕ŵƵƐƚďĞĞƐĐĂůĂƚĞĚĨŽƌĨƵƚƵƌĞǇĞĂƌƐďǇEZŝŶĚĞǆ͘ February 2018 WĂŐĞϮϱ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ Assumptions 2A 2B 3A.1 3A.2 3A.3 dŚĞ ƉƌŽũĞĐƚ ĞƐƟŵĂƚĞƐ ĂƌĞ ĐŽŶƐŝĚĞƌĞĚ ĂŶ ůĂƐƐ ϱ ĞƐƟŵĂƚĞ ĨŽƌƉƌŽũĞĐƚ ĚĞĮŶŝƟŽŶĂŶĚĐŽŶĐĞƉƚƐĐƌĞĞŶŝŶŐ͘hŶŝƚĐŽƐƚĂƐƐƵŵƉƟŽŶƐǁĞƌĞƵƐĞĚďĂƐĞĚŽŶ ƚŚĞĨĂĐŝůŝƚǇƉƌŽŐƌĂŵŝŶŶŐƐƉĂĐĞĂůůŽĐĂƟŽŶƐĨŽƌƚŚĞůĂďŽĂƌƚŽƌǇ͕ĂĚŵŝŶƐƚƌĂƟǀĞĂŶĚ ƐƵƉƉŽƌƚĂƌĞĂƐƚŽĞƐƚĂďůŝƐŚĂƚŽƚĂůƉƌŽũĞĐƚĂŶĚƚŚĞŶƐŝƚĞĨĂĐƚŽƌ͕ĚĞǀůŽƉŵĞŶƚĨĞĞƐ͕ ĞŶŐŝŶĞĞƌŝŶŐ ĨĞĞƐ ĂŶĚ ĐŽŶƟŶŐĞŶĐŝĞƐ ǁĞƌĞ ĂĚĚĞĚ ƚŽ ĞƐƚĂďůŝƐŚ Ă ƚŽƚĂů ƉƌŽũĞĐƚ ĐŽƐƚ͘dŚĞĞƐƟŵĂƚĞŝŶĐůƵĚĞƐĂůůŽǁĂŶĐĞƐĂŶĚĨĂĐƚŽƌƐĨŽƌƚŚĞĨŽůůŽǁŝŶŐĞůĞŵĞŶƚƐ͗ • ^ƚƌĞĞƚŽǀĞƌƐŝǌŝŶŐĨĞĞƐĞƐƟŵĂƚĞ • ƵŝůĚŝŶŐƉĞƌŵŝƚ • hƟůŝƚǇĨĞĞƐ • ZĞůŽĐĂƟŽŶͬŵŽǀŝŶŐĂŶĚĐŽŵŵŝƐƐŝŽŶŝŶŐĐŽƐƚ • ĂŝƐƐŽŶͬƉŝĞƌƐĨŽƵŶĚĂƟŽŶƉƌŽǀŝƐŝŽŶƐ • >ĂďĞƋƵŝƉŵĞŶƚĂůůŽǁĂŶĐĞŽĨΨϱϭϱ< • dĞŵƉŽƌĂƌǇůĂďĨĂĐŝůŝƟĞƐĨŽƌůƚĞƌŶĂƟǀĞϮ • ^ŝƚĞǁŽƌŬĂŶĚƉĂƌŬŝŶŐĂůůŽǁĂŶĐĞ • ƐďĞƐƚŽƐĂŶĚ,ĂǌĂƌĚĂďĂƚĞŵĞŶƚĂŶĚƉĂƌƟĂůĚĞŵŽůŝƟŽŶĐŽƐƚ ĨŽƌĞǆŝƐƟŶŐtY>ĂŶĚW> • ŽŶƟŶŐĞŶĐǇůůŽǁĂŶĐĞĨŽƌhŶĚĞĮŶĞĚtŽƌŬ • ϭй&ŽƌƌƚŝŶWƵďůŝĐWůĂĐĞƐ ŽŶƐƚƌƵĐƟŽŶ ĐŽƐƚ ĞƐƟŵĂƟŶŐ ĂĐĐƵƌĂĐǇ ŝƐ ŝŵƉƌŽǀĞĚ ĂƐ ƚŚĞ ƉƌŽũĞĐƚ ŝƐ ƌĞĮŶĞĚ ƚŚƌŽƵŐŚƚŚĞƐĐŚĞŵĂƟĐĚĞƐŝŐŶĚĞǀĞůŽƉŵĞŶƚĂŶĚĐŽŶƐƚƌƵĐƟŽŶĚŽĐƵŵĞŶƚƐƚĂŐĞƐ ŽĨƚŚĞƉƌŽũĞĐƚ͘ WĂŐĞϮϲ February 2018 Preliminary Outcomes and Conclusions Summary ƐƐƚĂƚĞĚƉƌĞǀŝŽƵƐůǇĂ͞ƉƌĞĨĞƌƌĞĚ͟ĨĂĐŝůŝƚǇƐŝƚĞůŽĐĂƟŽŶǁĂƐŵĂĚĞĨŽƌĞĂĐŚŽĨ ƚŚĞƐŝƚĞƐĐŽŶƐŝĚĞƌĞĚ͘ůƚŚŽƵŐŚƵůƟŵĂƚĞůǇĂƐŝŶŐƵůĂƌĂŶĚƐƉĞĐŝĮĐƐŝƚĞŝƐƚŽďĞ ƌĞĐŽŵŵĞŶĚĞĚ ƚŽ ŵŽǀĞ ĨŽƌǁĂƌĚ ǁŝƚŚ ĨŽƌ ĨƵƌƚŚĞƌ ƐƚƵĚǇ ƚŚĂƚ ĂĐƟŽŶ ǁĂƐ ŶŽƚ ƚŽ ďĞ ƚĂŬĞŶ ƵŶƟů ĞĂĐŚ ŽĨ ƚŚĞ ƐŝƚĞƐ ǁĞƌĞ ŝŶǀĞƐƟŐĂƚĞĚ ŝŶ ƚŚĞ ĐŽŶƚĞǆƚ ŽĨ ƚŚĞ ĨĂĐŝůŝƚǇĐŽŶĐĞƉƚƐůĂǇŽƵƚƐ͘dŚĞƉƌĞĨĞƌƌĞĚƐŝƚĞƐƚŽǁŚŝĐŚĨĂĐŝůŝƚǇĐŽŶĐĞƉƚƐǁĞƌĞ ƚĞƐƚĞĚǁĞƌĞ͗ • td&ƐŝƚĞůƚĞƌŶĂƟǀĞ͟͞ • tZ&ƐŝƚĞůƚĞƌŶĂƟǀĞ͟͞ • DƵůďĞƌƌǇƐŝƚĞůƚĞƌŶĂƟǀĞ͟͞ Facility Concepts ƚŽƚĂůŽĨƚŚƌĞĞĨĂĐŝůŝƟĞƐƉƌŽƚŽƚǇƉĞƐǁĞƌĞŐĞŶĞƌĂƚĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞƐŽĨƚŚĞ ƐŝƚĞŵĂƐƚĞƌƉůĂŶŶŝŶŐƐƚƵĚǇ͖ƚǁŽĨĂŵŝůŝĂƌĨĂĐŝůŝƚǇƉůĂŶŶŝŶŐůĂǇŽƵƚĐŽŶĐĞƉƚƐĂŶĚ Ă ƚŚŝƌĚ ĐƌĞĂƚĞĚ ƐƉĞĐŝĮĐĂůůǇ ŝŶ ƌĞƐƉŽŶƐĞ ƚŽ ŽŶĞ ŽĨ ƚŚĞ ƐƉĞĐŝĮĐ ƉŽƚĞŶƟĂů ƐŝƚĞ ůŽĐĂƟŽŶƐ Ăƚ ƚŚĞ DƵůďĞƌƌǇ tĂƚĞƌ ZĞĐůĂŵĂƟŽŶ &ĂĐŝůŝƚǇ͘ ĂƐĞĚ ƵƉŽŶ ƚŚĞ ƐŝƚĞ ŐĞŽŵĞƚƌǇ͕ƐŝƚĞĂĐĐĞƐƐĂŶĚƐŝƚĞŽƌŝĞŶƚĂƟŽŶƚŚĞĨĂĐŝůŝƚǇƉƌŽƚŽƚǇƉĞƐƐĞůĞĐƚĞĚĨŽƌ ƐƚƵĚǇĂƚƚŚĞƚŚƌĞĞƐŝƚĞƐǁĞƌĞĂƐĨŽůůŽǁƐ͗ • dŚĞ͞ƐƉŝŶĞ͟ĨĂĐŝůŝƚǇƉůĂŶŶŝŶŐĐŽŶĐĞƉƚĂƚƚŚĞtd&ƐŝƚĞ • dŚĞ͞ďƵƩĞƌŇǇ͟ĨĂĐŝůŝƚǇƉůĂŶŶŝŶŐĐŽŶĐĞƉƚĂƚƚŚĞtZ&ƐŝƚĞ • dŚĞ͞>͟ĨĂĐŝůŝƚǇƉůĂŶŶŝŶŐĐŽŶĐĞƉƚĂƚƚŚĞDƵůďĞƌƌǇƐŝƚĞ͘ “Spine” ͞ƵƩĞƌŇǇ͟ “L” Water Treatment Facility Site (WTF) ƌĂŬĞtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞ;tZ&Ϳ DƵůďĞƌƌǇtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞ February 2018 WĂŐĞϮϳ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ Water Treatment Facility Site Recommendation Master Planning Concept dŚĞŐƌĞĞŶĮĞůĚƐŝƚĞůŽĐĂƟŽŶĂƚƚŚĞƐŽƵƚŚĞĂƐƚĐŽƌŶĞƌŽĨƚŚĞtd&ƐŝƚĞŝƐďŽƵŶĚĞĚ ƚŽƚŚĞƐŽƵƚŚďǇƚŚĞƐĞĐƵƌĞƉĞƌŝŵĞƚĞƌĨĞŶĐŝŶŐ͕ƚŚĞŶŽƌƚŚďǇĂŶĞǆŝƐƟŶŐĚŝƌƚƌŽĂĚ ĂŶĚƐĞƩůŝŶŐƉŽŶĚ͕ƚŚĞĞĂƐƚďǇĂŶĂĐĐĞƐƐƌŽĂĚĂŶĚƚŽƚŚĞǁĞƐƚďǇĂƉĂǀĞĚƐŝƚĞ ƌŽĂĚǁĂǇ͘ůƚŚŽƵŐŚƚŚĞƐŝƚĞĨĂůůƐǁŝƚŚŝŶƚŚĞƉŽƚĞŶƟĂů;ƵŶůŝŬĞůǇͿŇŽŽĚͬŽǀĞƌŇŽǁ ǁĂƚĞƌƉĂƚŚǁĂǇŝƚŝƐĂŶŽƚŚĞƌǁŝƐĞŝĚĞĂůƐŝƚĞ͕ƉƌĞƐĞŶƟŶŐƐĞǀĞƌĂůĂĚǀĂŶƚĂŐĞƐĂŶĚ ĨĞǁŽƚŚĞƌĐŽŶƐƚƌĂŝŶƚƐ͘ 'ŝǀĞŶ ƚŚĞ ŐĞŶĞƌĂůůǇ ƌĞĐƚĂŶŐƵůĂƌ ƐŝƚĞ ĐŽŶĮŐƵƌĂƟŽŶ ƚŚĞ ďĞƐƚ ĨĂĐŝůŝƚǇ ƐŝƚĞ ͞Įƚ͟ ǁĂƐ ǁŝƚŚ ƚŚĞ ͞ƐƉŝŶĞ͟ ĨĂĐŝůŝƚǇ ĐŽŶĐĞƉƚ͘ WůĂĐĞĚ ůŽŶŐŝƚƵĚŝŶĂůůǇ ŝŶ ĂŶ ĞĂƐƚͬǁĞƐƚ ĚŝƌĞĐƟŽŶƚŚĞĨĂĐŝůŝƚǇƐŝƟŶŐŽƌŝĞŶƚƐƚŚĞĨĂĐŝůŝƚǇĞŶƚƌĂŶĐĞƚŽǁĂƌĚƐƚŚĞŶŽƌƚŚǁŝƚŚ ƚŚĞƐĞƌǀŝĐĞƐǁŝŶŐƚŽƚŚĞǁĞƐƚĂŶĚůĂďŽƌĂƚŽƌŝĞƐǁŝŶŐƚŽƚŚĞĞĂƐƚ͘ dŚĞƌĞĂƌĞƐĞǀĞƌĂůƉŽƐƐŝďůĞĨĂĐŝůŝƚǇƉĞƌƐŽŶŶĞů͕ƐĞƌǀŝĐĞĂŶĚǀŝƐŝƚŽƌ͛ƐƐŝƚĞĂĐĐĞƐƐ ƐĐĞŶĂƌŝŽƐƉŽƐƐŝďůĞ͘&ŽƌƚŚĞƉƵƌƉŽƐĞƐŽĨƚŚŝƐƐƚƵĚǇŝƚŝƐƉƌŽƉŽƐĞĚƚŚĂƚĞŵƉůŽǇĞĞ ǀĞŚŝĐƵůĂƌĂĐĐĞƐƐďĞƉŽƐƐŝďůĞĨƌŽŵƚŚĞƉƌŽƉŽƐĞĚŶĞǁĞĂƐƚƐŝƚĞĞŶƚƌǇƉŽŝŶƚĂŶĚ ĨƌŽŵƚŚĞĞǆŝƐƟŶŐƐŝƚĞĞŶƚƌĂŶĐĞƚŽƚŚĞǁĞƐƚ͘^ĞƌǀŝĐĞǀĞŚŝĐůĞƐĂƌĞƚŽĂĐĐĞƐƐƚŚĞ ĨĂĐŝůŝƚǇƐĞƌǀŝĐĞƐǁŝŶŐĨƌŽŵƚŚĞǁĞƐƚŽŶůǇĂŶĚǀŝƐŝƚŽƌƐĂƌĞƚŽŐĂŝŶĂĐĐĞƐƐĨƌŽŵƚŚĞ ŶĞǁƐŝƚĞĞŶƚƌǇĐƌĞĂƚĞĚƚŽƚŚĞĞĂƐƚ͘ Phase 1: WQL Facility 'ŝǀĞŶ ƚŚĞ ĐŽŶĚŝƟŽŶƐ ŽĨ ƚŚĞ ĞǆŝƐƟŶŐ tĂƚĞƌ YƵĂůŝƚǇ >Ăď ;tY>Ϳ Ă WŚĂƐĞ ϭ ƐĐĞŶĂƌŝŽǁŽƵůĚĞŶĐŽŵƉĂƐƐƐŝƚĞĚĞǀĞůŽƉŵĞŶƚŝŶƐƵƉƉŽƌƚŽĨĂŶĞǁtY>ĨĂĐŝůŝƚǇ͘ dŚŝƐWŚĂƐĞϭƐĐĞŶĂƌŝŽƉƌĞƐƵŵĞƐƚŚĂƚƚŚĞĞǆŝƐƟŶŐWŽůůƵƟŽŶŽŶƚƌŽů>Ăď;W>ͿŝƐ ŝŶƐƵĸĐŝĞŶƚůǇŐŽŽĚĐŽŶĚŝƟŽŶĂŶĚŽƉĞƌĂƟŽŶĂůĐŽŶĨŽƌŵĂŶĐĞƚŚĂƚŝƚĐŽƵůĚĐĂƌƌǇ ŽŶĂƐŝƐĨŽƌƐŽŵĞǇĞĂƌƐ͘ dŚĞWŚĂƐĞϭtY>ĨĂĐŝůŝƚǇǁŝůůďĞƐŝƚĞĚĂŶĚďƵŝůƚŽƵƚŝŶĂŶƟĐŝƉĂƟŽŶŽĨĂƉŽƚĞŶƟĂů WŚĂƐĞϮĞǆƉĂŶƐŝŽŶ͖ƚŚĞĨƵƚƵƌĞĂĚĚŝƟŽŶŽĨƚŚĞW>ƐƉĂĐĞƐĂŶĚĨƵŶĐƟŽŶƐ͘^ŝƚĞ ƉƌĞƉĂƌĂƟŽŶ ;ŐƌĂĚŝŶŐ͕ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͕ ƉĂƌŬŝŶŐ ůĂǇŽƵƚƐ͕ ĞƚĐͿ ǁŝůů ďĞ ŵĂƐƚĞƌ ƉůĂŶŶĞĚĨŽƌƚŚĞĨƵůůWŚĂƐĞϭĂŶĚWŚĂƐĞϮďƵŝůĚŽƵƚ͘ dŚĞ ƐƵƉƉŽƌƚ ƐƉĂĐĞƐ ĂƌĞĂ;ƐͿ ĂŶĚ ĨŽŽƚƉƌŝŶƚǁŝůůďĞďƵŝůƚŽƵƚƚŽĂĐĐŽŵŵŽĚĂƚĞ ďŽƚŚWŚĂƐĞϭĂŶĚWŚĂƐĞϮŶĞĞĚƐĂŶĚĨƵŶĐƟŽŶƐ͘>ĂďŽƌĂƚŽƌǇ͕KĸĐĞƐ͕DĞĞƟŶŐ ĂŶĚŽƚŚĞƌĚŵŝŶŝƐƚƌĂƟŽŶƚǇƉĞƐƉĂĐĞƐǁŝůůďĞďƵŝůƚŽƵƚŽŶůǇĂƐŶĞĐĞƐƐĂƌǇƚŽ ƐƵƉƉŽƌƚtY>ƐƚĂīĂŶĚůĂďŽƌĂƚŽƌǇƐƉĂĐĞƌĞƋƵŝƌĞŵĞŶƚƐ͘ Full Buildout: WQL + PCL Facility tŝƚŚƚŚĞĨƵůůďƵŝůĚͲŽƵƚƚŚĞW>ƐƉĂĐĞƐ͕ĨƵŶĐƟŽŶƐĂŶĚůĂďƐĂƌĞĐŽŶƐŽůŝĚĂƚĞĚĂƚ ĂŶĚǁŝƚŚƚŚĞtY>ĨĂĐŝůŝƚǇĂŶĚƉĞƌƐŽŶŶĞů͘/ŶƚŚŝƐƐĐĞŶĂƌŝŽ͕ĂƐĞŝƚŚĞƌƉĂƌƚŽĨƚŚĞ ŝŶŝƟĂůƐŝƚĞĚĞǀĞůŽƉŵĞŶƚŽƌĂƐƉĂƌƚŽĨĨƵƚƵƌĞƉŚĂƐĞĚĞǆƉĂŶƐŝŽŶƚŚĞ>ĂďŽƌĂƚŽƌǇ ƐƉĂĐĞƐ ĂŶĚ ƚŚĞ ƐƵƉƉŽƌƟŶŐ KĸĐĞƐ ƐƉĂĐĞƐ ĂƌĞ ĞǆƚĞŶĚĞĚ ĨƵƌƚŚĞƌ ƚŽ ƚŚĞ ĞĂƐƚ ĂůŽŶŐƚŚĞƉƌŝŵĂƌǇŽƌƌŝĚŽƌ͞ƐƉŝŶĞ͘͟ ƐŶŽƚĞĚŝŶƚŚĞWŚĂƐĞϭďƵŝůĚͲŽƵƚƚŚĞ^ƵƉƉŽƌƚĂƌĞĂƐ;^ŚŝƉƉŝŶŐͬĞůŝǀĞƌǇ͕>ŽĐŬĞƌ ZŽŽŵƐ͕DĞĐŚĂŶŝĐĂůZŽŽŵƐ͕^ƚŽƌĂŐĞ͕ĞƚĐͿĂƌĞƐŝǌĞĚƚŽĂĐĐŽŵŵŽĚĂƚĞďŽƚŚƚŚĞ tY>ĂŶĚƚŚĞW>ĂƌĞĂĂŶĚƉĞƌƐŽŶŶĞůŶĞĞĚƐ͘ /Ĩ ƚŚĞ ĨƵůů ďƵŝůĚͲŽƵƚ ŝƐ ƚŽďĞĞǆĞĐƵƚĞĚŝŶƚǁŽƐĞƉĂƌĂƚĞƉŚĂƐĞƐƚŚĞƉƌŽƉŽƐĞĚ ͞ƐƉŝŶĞ͟ĨĂĐŝůŝƚǇůĂǇŽƵƚĂĐĐŽŵŵŽĚĂƚĞƐĞǆƉĂŶƐŝŽŶǁŝƚŚůŝƩůĞƚŽŶŽĚŝƐƌƵƉƟŽŶŽĨ ĞǆŝƐƟŶŐtY>ĨƵŶĐƟŽŶƐĂŶĚƐĞƌǀŝĐĞƐ͘ůůŶĞǁĐŽŶƐƚƌƵĐƟŽŶǁŽƵůĚďĞĞǆĞĐƵƚĞĚ ƚŽƚŚĞĞĂƐƚŽĨƚŚĞĞǆŝƐƟŶŐtY>ĨĂĐŝůŝƚǇ͘ ^ŝƚĞĂĐĐĞƐƐƌŽĂĚƐ͕ƐĞƌǀŝĐĞĂŶĚĞŵĞƌŐĞŶĐǇǀĞŚŝĐůĞĂĐĐĞƐƐĂŶĚƚƵƌŶͲĂƌŽƵŶĚƐĂƌĞ ƵŶĐŚĂŶŐĞĚŝŶĞŝƚŚĞƌĂŵƵůƟͲƉŚĂƐĞĚŽƌƐŝŶŐƵůĂƌƉŚĂƐĞĚĐŽŶƐƚƌƵĐƟŽŶ͘WĞƌƐŽŶŶĞů ƉĂƌŬŝŶŐ͕ůŝŬĞƚŚĞ>ĂďƐĂŶĚƚŚĞKĸĐĞƐĨƵŶĐƟŽŶƐ͕ĐĂŶďĞĞĂƐŝůǇĂĚĚĞĚĂůŽŶŐƚŚĞ ŶĞǁĞĂƐƚͬǁĞƐƚĞŶƚƌǇƌŽĂĚƚŽƚŚĞŶŽƌƚŚŽĨƚŚĞďƵŝůĚŝŶŐ͘ WĂŐĞϮϴ February 2018 Mulberry Water Reclamation Facility Site Recommendation Master Planning Concept dŚŝƐŵĂƐƚĞƌƉůĂŶŶŝŶŐĐŽŶĐĞƉƚƉůĂĐĞƐĂŶǇŶĞǁĨĂĐŝůŝƚǇŝŶƚŚĞŵŽƐƚŚŝŐŚůǇͲǀŝƐŝďůĞ͕ ƉƵďůŝĐͲĂǁĂƌĞŶĞƐƐŽƌŝĞŶƚĞĚƐŝƚĞůŽĐĂƟŽŶ dŚĞƐĞůĞĐƚĞĚĨĂĐŝůŝƚǇůŽĐĂƟŽŶĂƚƚŚĞĐĞŶƚĞƌŽĨƚŚĞDƵůďĞƌƌǇƐŝƚĞƌĞƋƵŝƌĞƐƚŚĞ ƌĞŵŽǀĂů;ĮůůŝŶŐŝŶͿŽĨƚŚĞĞǆŝƐƟŶŐŽƌŶĂŵĞŶƚĂůƉŽŶĚĨĞĂƚƵƌĞ͘dŚĞƐŝƚĞůŽĐĂƟŽŶ ŝƐďŽƵŶĚĞĚĂƚƚŚĞƐŽƵƚŚĂŶĚƚŚĞǁĞƐƚďǇĞǆŝƐƟŶŐƐĞƌǀŝĐĞƌŽĂĚƐ͕ďǇĂƐĞƌǀŝĐĞ ƌŽĂĚĂŶĚůŽĂĚŝŶŐĂƌĞĂƚŽƚŚĞŶŽƌƚŚĂŶĚĞǆŝƐƟŶŐƐŝƚĞƐƚƌƵĐƚƵƌĞƐƚŽƚŚĞĞĂƐƚ͘dŚĞ ƉƌŽƉŽƐĞĚƐŝƚĞĨĂĐŝůŝƚǇĂƌĞĂŝƐĂƉƉƌŽǆŝŵĂƚĞůǇƐƋƵĂƌĞŝŶƐŚĂƉĞ͘ tŝƚŚƚŚĞĞǆŝƐƟŶŐƐŝƚĞƐĞƌǀŝĐĞƌŽĂĚǁƌĂƉƉŝŶŐƚŚĞĨĂĐŝůŝƚǇƐŝƚĞůŽĐĂƟŽŶŽŶƚǁŽ ƐŝĚĞƐƚŚĞ͞>͟ĨĂĐŝůŝƚǇƉůĂŶŶŝŶŐĐŽŶĐĞƉƚŝƐĚŝƌĞĐƚůǇƌĞƐƉŽŶƐŝǀĞƚŽƚŚĞƐŝƚĞ͘dŚĞ͞>͟ ĐŽŶĐĞƉƚƉůĂĐĞƐŽŶĞůĞŐŽĨƚŚĞĨĂĐŝůŝƚǇ͕ƚŚĞKĸĐĞƐĂŶĚĚŵŝŶŝƐƚƌĂƟŽŶĨƵŶĐƟŽŶƐ͕ ĨƌŽŶƟŶŐƚŚĞŵĂŝŶďŽƵůĞǀĂƌĚ;ƉƵďůŝĐǀŝĞǁͿƚŽƚŚĞƐŽƵƚŚǁŝƚŚƚŚĞůĂďƐĂĐƌŽƐƐ ƚŚĞƉƌŝŵĂƌǇĐŝƌĐƵůĂƟŽŶŽƌƌŝĚŽƌƚŽƚŚĞŶŽƌƚŚ͘dŚĞǀĞƌƟĐĂů͞ůĞŐ͟ŽĨƚŚĞĐŽŶĐĞƉƚ ƉůĂĐĞƐ ƐƵƉƉŽƌƚ ƐƉĂĐĞƐ ƚŽ ƚŚĞ ŝŶƐŝĚĞ ;ĞĂƐƚ ĨĂĐŝŶŐͿĂŶĚĂĚĚŝƟŽŶĂů>ĂďƐ ƚŽ ƚŚĞ ŽƵƚƐŝĚĞ;ǁĞƐƚĨĂĐŝŶŐͿ͘ dŚĞĨĂĐŝůŝƚǇĐŽŶĮŐƵƌĂƟŽŶĂŶĚƐŝƟŶŐůŽĐĂƚĞƐƐĞƌǀŝĐĞƐ͕^ŚŝƉƉŝŶŐͬZĞĐĞŝǀŝŶŐĂŶĚ ƚŚĞůŝŬĞ͕ĂƚƚŚĞ͞ŝŶďŽĂƌĚ͟ƐŝĚĞŽĨƚŚĞ͞>͟ƐŚĂƉĞĚĨĂĐŝůŝƚǇ͕ƐŚŝĞůĚŝŶŐƚŚŝƐĂƌĞĂĨƌŽŵ ǀŝĞǁĨƌŽŵƚŚĞƐƚƌĞĞƚĂŶĚƉƵďůŝĐƌŝŐŚƚͲŽĨͲǁĂǇ;ŝŶĐůƵĚŝŶŐƚŚĞŶĂƚƵƌĞƉƌĞƐĞƌǀĞƚŽ ƚŚĞĞĂƐƚͿ͘ Phase 1: WQL Facility /Ŷ ƚĞƌŵƐ ŽĨ ŽƉĞƌĂƟŽŶĂů ĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞ ƉƌŝŽƌŝƟĞƐ ŝƚ ŝƐ ƌĞĐŽŵŵĞŶĚĞĚ ŝŶ Ă ƉŚĂƐĞĚŝŵƉůĞŵĞŶƚĂƟŽŶƉůĂŶƚŚĂƚĂŶĞǁtY>ĨĂĐŝůŝƚǇďĞĐŽŶƐƚƌƵĐƚĞĚĮƌƐƚ͘Ɛ ǁŝƚŚĂůůƐŝƚĞŵĂƐƚĞƌƉůĂŶŶŝŶŐĂůƚĞƌŶĂƟǀĞƐŝƚŝƐƵŶĚĞƌƐƚŽŽĚƚŚĂƚƚŚĞĨƵůůďƵŝůĚͲŽƵƚ ŽĨ^ƵƉƉŽƌƚƐƉĂĐĞƐǁŝůůďĞĂĐĐŽƵŶƚĞĚĨŽƌŝŶƚŚĞĮƌƐƚƉŚĂƐĞŝŶƚĞƌŵƐŽĨůŽĐĂƟŽŶ͕ ƐŝǌĞĂŶĚŽƌŝĞŶƚĂƟŽŶ͘WŚĂƐĞϭǁŝůůďĞŽƌŝĞŶƚĞĚƐƵĐŚƚŚĂƚƚŚĞKĸĐĞƐ͕DĞĞƟŶŐ ĂŶĚŽƚŚĞƌƉĞƌƐŽŶŶĞůƐƉĂĐĞƐĂƐǁĞůůĂƐƐŽŵĞ^ƵƉƉŽƌƚƐƉĂĐĞƐǁŝůůďĞůŽĐĂƚĞĚŽŶ ƚŚĞƐŽƵƚŚ͕ƐƚƌĞĞƚͲĨĂĐŝŶŐƐŝĚĞ͘ ZŽŽŵĨŽƌĨƵƚƵƌĞĞǆƉĂŶƐŝŽŶ;>ĂďƐ͕KĸĐĞƐĂŶĚƉĞƌƐŽŶŶĞůƉĂƌŬŝŶŐͿŝƐĂŶƟĐŝƉĂƚĞĚ ĂůŽŶŐƚŚĞƐĞĐŽŶĚĂƌǇŶŽƌƚŚͬƐŽƵƚŚŽƌƌŝĚŽƌƚŚĂƚǁŝůůƐĞƌǀĞƚŚĞ^ƵƉƉŽƌƚƐƉĂĐĞƐ ŝŶWŚĂƐĞϭ͘ Full Buildout: WQL + PCL Facility dŚĞĨƵůůďƵŝůĚͲŽƵƚŽĨƚŚĞĨĂĐŝůŝƚǇŝŶĐůƵĚĞƐƚŚĞŶĞĐĞƐƐĂƌǇĂĚĚŝƟŽŶĂůW>ƐƉĂĐĞƐ͕ ůĂďƐ ĂŶĚ ĨƵŶĐƟŽŶƐ͘ /Ŷ ƚŚŝƐ ƐĐĞŶĂƌŝŽ͕ ƉĂƌƚ ŽĨ ƚŚĞ ŝŶŝƟĂů ƐŝƚĞ ĚĞǀĞůŽƉŵĞŶƚ Žƌ ĂƐ ƉĂƌƚ ŽĨ ĨƵƚƵƌĞ ƉŚĂƐĞĚ ĞǆƉĂŶƐŝŽŶ͕ ƚŚĞ W> >ĂďŽƌĂƚŽƌǇ ƐƉĂĐĞƐ ĂŶĚ ƚŚĞ ƐƵƉƉŽƌƟŶŐ KĸĐĞƐ ƐƉĂĐĞƐǁŝůůďĞŝŶĐůƵĚĞĚĂůŽŶŐƚŚĞŽƵƚƐŝĚĞ;ǁĞƐƚĞƌŶƐŝĚĞͿ ŽĨ ƚŚĞ ƐĞĐŽŶĚĂƌǇŽƌƌŝĚŽƌ͖ƚŚĞ͞ǀĞƌƟĐĂů͟ůĞŐŽĨƚŚĞ͞>͟ ĨĂĐŝůŝƚǇĐŽŶĐĞƉƚ͘dŚĞ ^ƵƉƉŽƌƚĂƌĞĂƐ;^ŚŝƉƉŝŶŐͬĞůŝǀĞƌǇ͕>ŽĐŬĞƌZŽŽŵƐ͕DĞĐŚĂŶŝĐĂůZŽŽŵƐ͕^ƚŽƌĂŐĞ͕ ĞƚĐͿĂƌĞĂůƌĞĂĚǇƐŝǌĞĚƚŽĂĐĐŽŵŵŽĚĂƚĞďŽƚŚƚŚĞtY>ĂŶĚƚŚĞW>ĂƌĞĂĂŶĚ ƉĞƌƐŽŶŶĞůŶĞĞĚƐ͘ /ĨƚŚĞĨƵůůďƵŝůĚͲŽƵƚŝƐƚŽďĞĞǆĞĐƵƚĞĚŝŶƚǁŽƐĞƉĂƌĂƚĞƉŚĂƐĞƐƚŚĞƉƌŽƉŽƐĞĚ͞>͟ ĨĂĐŝůŝƚǇůĂǇŽƵƚǁŝůůĂĐĐŽŵŵŽĚĂƚĞĞǆƉĂŶƐŝŽŶǁŝƚŚůŝƩůĞĚŝƐƌƵƉƟŽŶƚŽƚŚĞĞǆŝƐƟŶŐ tY>ĨƵŶĐƟŽŶƐĂŶĚƐĞƌǀŝĐĞƐ͘ůƚŚŽƵŐŚĂůůŶĞǁĐŽŶƐƚƌƵĐƟŽŶǁŽƵůĚďĞĞǆĞĐƵƚĞĚ ƚŽƚŚĞǁĞƐƚŽĨƚŚĞĞǆŝƐƟŶŐtY>ĨĂĐŝůŝƚǇƚŚĞƌĞĐŽƵůĚďĞƐŽŵĞůŝŵŝƚĞĚŝŵƉĂĐƚƚŽ ĐŝƌĐƵůĂƟŽŶƚŽƚŚĞ^ƵƉƉŽƌƚƐƉĂĐĞƐĂůŽŶŐƚŚĞƐĞĐŽŶĚĂƌǇŽƌƌŝĚŽƌ͘ ^ŝƚĞĂĐĐĞƐƐƌŽĂĚƐ͕ƐĞƌǀŝĐĞĂŶĚĞŵĞƌŐĞŶĐǇǀĞŚŝĐůĞĂĐĐĞƐƐĂŶĚƚƵƌŶͲĂƌŽƵŶĚƐĂƌĞ ƵŶĐŚĂŶŐĞĚŝŶĞŝƚŚĞƌĂŵƵůƟͲƉŚĂƐĞĚŽƌƐŝŶŐƵůĂƌƉŚĂƐĞĚĐŽŶƐƚƌƵĐƟŽŶ͘WĞƌƐŽŶŶĞů ƉĂƌŬŝŶŐ͕ůŝŬĞƚŚĞ>ĂďƐĂŶĚƚŚĞKĸĐĞƐĨƵŶĐƟŽŶƐ͕ĐĂŶďĞĞĂƐŝůǇĂĚĚĞĚĂůŽŶŐƚŚĞ ĞǆŝƐƟŶŐ ŶŽƌƚŚͬƐŽƵƚŚ ůĞŐ ŽĨ ƚŚĞ ĞǆŝƐƟŶŐ ƐĞƌǀŝĐĞ ƌŽĂĚ ƚŚĂƚǁƌĂƉƐĂƌŽƵŶĚƚŚĞ ǁĞƐƚĂŶĚƐŽƵƚŚƐŝĚĞƐŽĨƚŚĞƉƌŽƉŽƐĞĚĨĂĐŝůŝƚǇ͘ February 2018 WĂŐĞϮϵ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ Drake Water Reclamation Facility Site Recommendation Master Planning Concept dŚĞůĂƌŐĞůǇƵŶĐŽŶƐƚƌĂŝŶĞĚ͕ŇĂƚ͕ŐƌĞĞŶĮĞůĚƐŝƚĞĂƚƚŚĞŶŽƌƚŚǁĞƐƚĐŽƌŶĞƌŽĨƚŚĞ ƐŝƚĞ͕ĐƵƌƌĞŶƚůǇĨƌŽŶƟŶŐŽŶĂŶƵŶŝŵƉƌŽǀĞĚĚŝƌƚĂĐĐĞƐƐƌŽĂĚ͕ŝƐďŽƵŶĚĞĚƚŽƚŚĞ ǁĞƐƚďǇĂƌŽĂĚͬůĞǀĞĞĂŶĚƚŽƚŚĞƐŽƵƚŚĂŶĚĞĂƐƚďǇĂĚĚŝƟŽŶĂůƵŶĚĞǀĞůŽƉĞĚ ƉƌŽƉĞƌƚǇĂŶĚƉŽŶĚƐ͘/ƚŝƐĐƵƌƌĞŶƚůǇƉůĂŶŶĞĚƚŚĂƚƚŚĞƵŶŝŵƉƌŽǀĞĚĂĐĐĞƐƐƌŽĂĚ ƚŽƚŚĞŶŽƌƚŚǁŝůůďĞĚĞǀĞůŽƉĞĚŝŶƚŚĞŶĞĂƌĨƵƚƵƌĞ͘dŚŝƐŶĞǁƌŽĂĚǁŝůůĐŽŶŶĞĐƚ ŝŶƚŽĂĨƵƌƚŚĞƌĚĞǀĞůŽƉĞĚƌŽĂĚǁĂǇͬŝŶĨƌĂƐƚƌƵĐƚƵƌĞƚŽƚŚĞǁĞƐƚ͘tŝƚŚĂĚŝƐĐƌĞƚĞ ĂŶĚƐĞƉĂƌĂƚĞƉĞƌƐŽŶŶĞů͕ƐĞƌǀŝĐĞĂŶĚǀŝƐŝƚŽƌĂĐĐĞƐƐĨƌŽŵƚŚĞŶŽƌƚŚƚŚŝƐƐŝƚĞŝƐ ŚŝŐŚůǇĚĞƐŝƌĂďůĞ͘ dŚĞĂǀĂŝůĂďůĞĂƌĞĂĨŽƌĚĞǀĞůŽƉŵĞŶƚĂůůŽǁƐĂŶǇŽĨƚŚĞƐĞǀĞƌĂůĨĂĐŝůŝƚǇĐŽŶĐĞƉƚƐƚŽ ďĞĂĐĐŽŵŵŽĚĂƚĞĚŚĞƌĞ͘tŝƚŚƚŚĞŶŽƌƚŚĞƌŶĞŶƚƌǇƉŽŝŶƚďĞŝŶŐĂƉƌŝŵĂƌǇĚƌŝǀĞƌ͕ ŝƚŝƐƌĞĐŽŵŵĞŶĚĞĚƚŚĂƚĂ͞ďƵƩĞƌŇǇ͟ƚǇƉĞŽĨĐŽŶĐĞƉƚďĞƵƟůŝǌĞĚĂƚƚŚŝƐůŽĐĂƟŽŶ͘ /ŶƚŚŝƐƐĐĞŶĂƌŝŽƚŚĞĞŶƚƌǇ;ĂŶĚKĸĐĞƐͿǁŝůůĨĂĐĞƚŚĞŶĞǁƌŽĂĚƚŽƚŚĞŶŽƌƚŚĂŶĚ ƚŚĞ>ĂďǁŝŶŐƐǁŝůůďĞĂƌƌĂŶŐĞĚĂůŽŶŐďŽƚŚƐŝĚĞƐŽĨƚŚĞĐĞŶƚƌĂůŽƌƌŝĚŽƌ͘^ƵƉƉŽƌƚ ƐĞƌǀŝĐĞƐǁŝůůďĞůŽĐĂƚĞĚĂƚƚŚĞƐŽƵƚŚĞŶĚŽĨƚŚĞƐŝƚĞ͘ dŚĞƉƌŽƉŽƐĞĚĨĂĐŝůŝƚǇƐŝƚĞĨĂůůƐǁŝƚŚŝŶƚŚĞĐƵƌƌĞŶƚƐĞĐƵƌĞƐŝƚĞďŽƵŶĚĂƌǇ͘ůƚŚŽƵŐŚ ĂŶĞǁƐĞĐƵƌĞĞŶƚƌǇŐĂƚĞĐŽƵůĚďĞĐƌĞĂƚĞĚĐŽŵŝŶŐŽīƚŚĞŶŽƌƚŚĂĐĐĞƐƐƌŽĂĚŝƚŝƐ ŵŽƌĞůŝŬĞůǇƚŚĂƚƚŚĞƐĞĐƵƌĞďŽƵŶĚĂƌǇďĞƌĞůŽĐĂƚĞĚƚŽƚŚĞƐŽƵƚŚƐƵĸĐŝĞŶƚƚŚĂƚ ƚŚĞ͞ƉƵďůŝĐ͟ƐŝĚĞŽĨƚŚĞĨĂĐŝůŝƚǇĨĂůůŽƵƚƐŝĚĞŽĨƚŚĂƚďŽƵŶĚĂƌǇ͘ Phase 1: WQL Facility ƐŶŽƚĞĚŝŶĂůůŽĨƚŚĞĂůƚĞƌŶĂƟǀĞƉůĂŶŶŝŶŐĂŶĚƉŚĂƐŝŶŐƐĐĞŶĂƌŝŽƐ͕ƚŚĞĐŽŶĚŝƟŽŶƐ ŽĨƚŚĞĞǆŝƐƟŶŐtY>ĚĞŵĂŶĚƚŚĂƚĂŶǇĚŝƐĐƌĞƚĞWŚĂƐĞϭ^ĐŽƉĞŽĨtŽƌŬŝŶĐůƵĚĞĂƚ ĂŵŝŶŝŵƵŵĂƌĞĂƐƐƵĸĐŝĞŶƚƚŽƌĞƉůĂĐĞĂŶĚƌĞůŽĐĂƚĞƚŚĞtY>ŚĞƌĞ͘ ůƚŚŽƵŐŚƚŚĞƐĞĞŵŝŶŐůǇĂĚĞƋƵĂƚĞĞǆŝƐƟŶŐW>ůĂďŽƌĂƚŽƌǇĨĂĐŝůŝƟĞƐĐĂŶĐĂƌƌǇ ŽŶŝŶƚŚĞŝƌŶĞĂƌďǇĞǆŝƐƟŶŐůŽĐĂƟŽŶƚŚĞƌĞŝƐŶŽŶĞƚďĞŶĞĮƚƚŽƚŚĂƚƉƌŽǆŝŵŝƚǇ ŝŶ ƚŚĞ ĂďƐĞŶĐĞ ŽĨ ďƌŝŶŐŝŶŐ ƚŚĞƐĞ ůĂďŽƌĂƚŽƌǇ ĨƵŶĐƟŽŶƐ ƚŽŐĞƚŚĞƌ͕ ƐŚĂƌŝŶŐ ĂŶĚ ůĞǀĞƌĂŐŝŶŐƐƉĂĐĞƐ͕ƐǇƐƚĞŵƐĂŶĚĞƋƵŝƉŵĞŶƚ͘ dŚĞWŚĂƐĞϭtY>ĨĂĐŝůŝƚǇǁŝůůďĞƐŝƚĞĚĂŶĚďƵŝůƚŽƵƚŝŶĂŶƟĐŝƉĂƟŽŶŽĨĂƉŽƚĞŶƟĂů WŚĂƐĞ Ϯ ĞǆƉĂŶƐŝŽŶ͘ Ɛ ĐƵƌƌĞŶƚůǇ ĞŶǀŝƐŝŽŶĞĚ ƚŚĞ tY> KĸĐĞƐ ĂŶĚ >ĂďƐ ǁŝůů ďĞ ĐŽŶƐƚƌƵĐƚĞĚ ĂŶĚ ĮƩĞĚ ƵƉ ƚŽ ƚŚĞ ŶŽƌƚŚ ƐŝĚĞ ŽĨ ƚŚĞ ĐĞŶƚƌĂů ĐŽƌƌŝĚŽƌ͘ dŚĞ ĨƵƚƵƌĞ ĂĚĚŝƟŽŶ ŽĨ ƚŚĞ W> ƐƉĂĐĞƐ ĂŶĚ ĨƵŶĐƟŽŶƐ͕ ƐŝƚĞ ƉƌĞƉĂƌĂƟŽŶ ;ŐƌĂĚŝŶŐ͕ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͕ƉĂƌŬŝŶŐůĂǇŽƵƚƐ͕ĞƚĐͿǁŝůůďĞŵĂƐƚĞƌƉůĂŶŶĞĚĨŽƌƚŚĞƉŽƚĞŶƟĂů ĨƵůůďƵŝůĚŽƵƚ͘ dŚĞ ƐƵƉƉŽƌƚ ƐƉĂĐĞƐ ĂƌĞĂ;ƐͿ ĂŶĚ ĨŽŽƚƉƌŝŶƚǁŝůůďĞďƵŝůƚŽƵƚƚŽĂĐĐŽŵŵŽĚĂƚĞ ďŽƚŚWŚĂƐĞϭĂŶĚĂĨƵƚƵƌĞWŚĂƐĞϮĞǆƉĂŶƐŝŽŶ͘ Full Buildout: WQL + PCL Facility tŝƚŚƚŚĞƉƌŽƉŽƐĞĚĨƵůůďƵŝůĚͲŽƵƚŽĨƚŚĞĨĂĐŝůŝƚǇŝƚǁŽƵůĚŝŶĐůƵĚĞĂŶĚĞŶĐŽŵƉĂƐƐĂ ŶĞǁW>ůĂďŽƌĂƚŽƌǇĂŶĚƐƵƉƉŽƌƟŶŐƐƉĂĐĞƐ͘/ŶƚŚŝƐƐĐĞŶĂƌŝŽ͕ĂƐĞŝƚŚĞƌƉĂƌƚŽĨƚŚĞ ŝŶŝƟĂůƐŝƚĞĚĞǀĞůŽƉŵĞŶƚŽƌĂƐƉĂƌƚŽĨĨƵƚƵƌĞƉŚĂƐĞĚĞǆƉĂŶƐŝŽŶ͕ƚŚĞ>ĂďŽƌĂƚŽƌǇ ƐƉĂĐĞƐĂŶĚƚŚĞƐƵƉƉŽƌƟŶŐKĸĐĞƐƐƉĂĐĞƐǁŝůůďĞĂĚĚĞĚĂŶĚĞǆƉĂŶĚĞĚƵƉŽŶƚŚĞ KĸĐĞďĂƌƚŽƚŚĞŶŽƌƚŚĂŶĚĂůŽŶŐƚŚĞĐĞŶƚƌĂůŽƌƌŝĚŽƌŽŶŝƚƐ͛ƐŽƵƚŚƐŝĚĞ͘ ^ƵƉƉŽƌƚ ĂƌĞĂƐ ůŝŬĞ ^ŚŝƉƉŝŶŐͬĞůŝǀĞƌǇ͕ >ŽĐŬĞƌ ZŽŽŵƐ͕ DĞĐŚĂŶŝĐĂů ZŽŽŵƐ͕ ^ƚŽƌĂŐĞ͕ ĞƚĐͿ ĂƌĞ ĂůƌĞĂĚǇ ƐŝǌĞĚ ƚŽ ĂĐĐŽŵŵŽĚĂƚĞ ĐƵƌƌĞŶƚ ĂŶĚ ĨƵƚƵƌĞ ůĂď ĂŶĚ ƉĞƌƐŽŶŶĞůƐƉĂĐĞƐĞǆƉĂŶƐŝŽŶŶĞĞĚƐ͘ /Ĩ ƚŚĞ ĨƵůů ďƵŝůĚͲŽƵƚ ŝƐ ƚŽďĞĞǆĞĐƵƚĞĚŝŶƚǁŽƐĞƉĂƌĂƚĞƉŚĂƐĞƐƚŚĞƉƌŽƉŽƐĞĚ ͞ďƵƩĞƌŇǇ͟ĨĂĐŝůŝƚǇůĂǇŽƵƚǁŝůůĂĐĐŽŵŵŽĚĂƚĞĞǆƉĂŶƐŝŽŶǁŝƚŚƐŽŵĞĚŝƐƌƵƉƟŽŶ ƚŽ ƚŚĞ ĞǆŝƐƟŶŐtY> ĨƵŶĐƟŽŶƐ ĂŶĚ ƐĞƌǀŝĐĞƐ͘ ůů ŶĞǁ ĐŽŶƐƚƌƵĐƟŽŶ ǁŽƵůĚ ďĞ ĞǆĞĐƵƚĞĚƚŽƚŚĞǁĞƐƚŽĨƚŚĞŶĞǁtY>ĨĂĐŝůŝƚǇĂŶĚƚŚĞƌĞĐŽƵůĚďĞƐŽŵĞůŝŵŝƚĞĚ ŝŵƉĂĐƚƚŽƐǇƐƚĞŵƐĂŶĚĐŝƌĐƵůĂƟŽŶƚŽƚŚĞ>ĂďƐĂŶĚ^ƵƉƉŽƌƚƐƉĂĐĞƐƚŚĞůĞŶŐƚŚŽĨ ƚŚĞĐĞŶƚƌĂůŽƌƌŝĚŽƌ͘ ^ŝƚĞĂĐĐĞƐƐƌŽĂĚƐ͕ƐĞƌǀŝĐĞĂŶĚĞŵĞƌŐĞŶĐǇǀĞŚŝĐůĞĂĐĐĞƐƐĂŶĚƚƵƌŶͲĂƌŽƵŶĚƐĂƌĞ ƵŶĐŚĂŶŐĞĚŝŶĞŝƚŚĞƌĂŵƵůƟͲƉŚĂƐĞĚŽƌƐŝŶŐƵůĂƌƉŚĂƐĞĚĐŽŶƐƚƌƵĐƟŽŶ͘WĞƌƐŽŶŶĞů ƉĂƌŬŝŶŐ͕ůŝŬĞƚŚĞ>ĂďƐĂŶĚƚŚĞKĸĐĞƐĨƵŶĐƟŽŶƐ͕ĐĂŶďĞĞĂƐŝůǇĂĚĚĞĚĂůŽŶŐƚŚĞ ŶĞǁŶŽƌƚŚĞŶƚƌǇƌŽĂĚƐŝĚĞŽĨƚŚĞĨĂĐŝůŝƚǇ͕ƚŽƚŚĞŶŽƌƚŚŽĨƚŚĞďƵŝůĚŝŶŐ͘ WĂŐĞϯϬ February 2018 Recommendations & Next Steps dŚĞƌĞĐŽŵŵĞŶĚĂƟŽŶƐŽĨƚŚŝƐDĂƐƚĞƌWůĂŶZĞƉŽƌƚĂƌĞ͗ • ƵĚŐĞƚΨϮϭŵŝůůŝŽŶĚŽůůĂƌƐŝŶƚŚĞďƵĚŐĞƚĨŽƌŽƵƚĐŽŵĞƉƌŽĐĞƐƐĨŽƌƚŚĞ ĚĞƐŝŐŶĂŶĚĐŽŶƐƚƌƵĐƟŽŶŽĨůƚĞƌŶĂƟǀĞϯ͘Ϯ͕ŶĞǁĐŽŵďŝŶĞĚůĂďůŽĐĂƚĞĚĂƚ ƚŚĞtZ&ƐŝƚĞ • ŽŶƟŶƵĞƚŽĐŽůůĂďŽƌĂƚĞǁŝƚŚ/ŶŶŽƐƉŚĞƌĞƚŚĞƉƌŝǀĂƚĞĚĞǀĞůŽƉĞƌŽĨǁĞƚ ůĂďƐƉĂĐĞŝŶƚŚĞŝƚǇ͛Ɛ/ŶŶŽǀĂƟŽŶŝƐƚƌŝĐƚƚŽƌĞĮŶĞƚŚĞůĞĂƐĞĐŽƐƚĂŶĚ ĐŽŵƉĂƌĞƚŚĞĐŽƐƚƐĂŶĚďĞŶĞĮƚƐŽĨůƚĞƌŶĂƟǀĞϯƚŽϯ͘Ϯ • ŽŶƐŝĚĞƌƚŚĞůĞĂƐĞĂůƚĞƌŶĂƟǀĞŽƌŶĞǁĐŽŶƐƚƌƵĐƟŽŶĂůƚĞƌŶĂƟǀĞϯ͘ϮŽŶĐĞ ƚŚĞďĞŶĞĮƚƐ͕ĐŽƐƚĂŶĚĐŽŶƚƌĂĐƟŶŐƚĞƌŵƐĂƌĞŵĂĚĞĮƌŵ • ĚĚƌĞƐƐŶĞĂƌƚĞƌŵW>ĂŶĚtY>ĐŽŶĚŝƟŽŶĂƐƐĞƐƐŵĞŶƚŶĞĞĚƐ dŚĞĨƵŶĚŝŶŐĨŽƌƚŚĞƉƌŽũĞĐƚƐŚŽƵůĚďĞĂůůŽĐĂƚĞĚĞƋƵĂůůǇďĞƚǁĞĞŶƚŚĞtĂƚĞƌĂŶĚ tĂƐƚĞǁĂƚĞƌhƟůŝƚǇĞŶƚĞƌƉƌŝƐĞĨƵŶĚƐ͘ dŚĞŝƚǇ͛ƐǁŽƌůĚĐůĂƐƐǀŝƐŝŽŶƐĐĂŶďĞĂĐŚŝĞǀĞĚŝŶƚŚĞŶĞĂƌĨƵƚƵƌĞďǇƉůĂŶŶŝŶŐĂŶĚ ďƵĚŐĞƟŶŐĨŽƌŽƵƚĐŽŵĞƐ͘dŚĞŝƚǇŵƵƐƚǁĞŝŐŚƚŚĞďĞŶĞĮƚƐĂŶĚĐŽƐƚŽĨĂůĞĂƐŝŶŐ ŽƉƉŽƌƚƵŶŝƚǇ ĂŐĂŝŶƐƚ ƚŚŽƐĞ ŽĨ ďƵŝůĚŝŶŐ ŽŶ ŝƚǇ ŽǁŶĞĚ ƉƌŽƉĞƌƚǇ͘ ĚĚŝƟŽŶĂů ĐŽŽƌĚŝŶĂƟŽŶǁŝƚŚƚŚĞĚĞǀĞůŽƉĞƌƌĞŐĂƌĚŝŶŐůĞĂƐĞƚĞƌŵƐŝƐƌĞƋƵŝƌĞĚƚŽǀĞƚƚŚĞ ůĞĂƐĞĂůƚĞƌŶĂƟǀĞĨƵƌƚŚĞƌ͘ dŚĞƉĞƌŝŽĚŽĨĂŶĂůǇƐŝƐŝƐƚŚĞĚƌŝǀŝŶŐĨĂĐƚŽƌĨŽƌůĞĂƐĞǀĞƌƐƵƐĐŽŶƐƚƌƵĐƟŽŶ͘&ŽƌĂϮϬͲ ǇĞĂƌƉĞƌŝŽĚ͕ƚŚĞůĞĂƐĞůƚĞƌŶĂƟǀĞŝƐŵŽƌĞĨĂǀŽƌĂďůĞĚƵĞƚŽĂƉƉĂƌĞŶƚĞĸĐŝĞŶĐŝĞƐ ŝŶ ĐŽŵŵĞƌĐŝĂů ďƵŝůĚŝŶŐ ĐŽŶƐƚƌƵĐƟŽŶ ĐŽƐƚ ƌĞŇĞĐƚĞĚ ŝŶ ƚŚĞ ůĞĂƐĞ ƌĂƚĞ͕ ǀĞƌƐƵƐ ďƵŝůĚŝŶŐĂƚĂŝƚǇƐŝƚĞ͘&ŽƌůŽŶŐĞƌƉĞƌŝŽĚƐŽĨůĞĂƐĞ;ϯϬǇĞĂƌƐͿ͕ĐŽŶƐƚƌƵĐƟŽŶŽĨƚŚĞ ŝƚǇ͛ƐĨĂĐŝůŝƚǇŝƐŵŽƌĞĨĂǀŽƌĂďůĞĂƐůĞĂƐĞĐŽƐƚĂƌĞŝŶƉĞƌƉĞƚƵŝƚǇǁŚŝůĞĐŽŶƐƚƌƵĐƟŽŶ ĐŽƐƚŚĂǀĞďĞĞŶƉĂŝĚŽī͘ůƐŽƚŚĞƋƵĂůŝƚǇŽĨƚŚĞůĞĂƐĞĚĨĂĐŝůŝƟĞƐŝƐŶŽƚŬŶŽǁŶĂŶĚ ŵĂǇŶŽƚĐŽŵƉĂƌĞǁĞůůƚŽƚŚĞƋƵĂůŝƚǇŽĨƚŚĞĨĂĐŝůŝƟĞƐĐŽŶƐƚƌƵĐƚĞĚŽŶƐŝƚĞ͘ dŚĞŶĞǆƚƐƚĞƉƐƚŽĂĚĚƌĞƐƐƚŚĞĐŽŶĚŝƟŽŶŽĨƚŚĞĞǆŝƐƟŶŐW>ĂŶĚtY>ĂƌĞ͗ • ĞǀĞůŽƉŝŶƚĞƌŝŵtY>ĂŶĚW>ĐĂƉŝƚĂůŝŵƉƌŽǀĞŵĞŶƚƐĐŽƐƚƚŽŵĂŝŶƚĂŝŶ ƐƚĂƚƵƐƋƵŽŽƉĞƌĂƟŽŶƚŚĞŶĞǆƚϱƚŽϭϬǇĞĂƌƐ • /ŵƉůĞŵĞŶƚŝŶƚĞƌŝŵŝŵƉƌŽǀĞŵĞŶƚƐƚŽƚŚĞtY>ĂŶĚW>ĨĂĐŝůŝƟĞƐƚŚĂƚǁŝůů ďƌŝĚŐĞƚŚĞŐĂƉƵŶƟůĂŶĞǁĐŽŵďŝŶĞĚĨĂĐŝůŝƚǇŝƐĐŽŶƐƚƌƵĐƚĞĚ • ĞǀĞůŽƉƉůĂŶƚŽƌĞƉƵƌƉŽƐĞƚŚĞtY>ĂŶĚW>ĞǆŝƐƟŶŐĨĂĐŝůŝƟĞƐŽŶŶĞǁůĂď ŝƐĐŽŶƐƚƌƵĐƚĞĚ dŚĞ W> ĂŶĚ tY> ŝŵƉƌŽǀĞŵĞŶƚ ŝŶƚĞƌŝŵ ƉůĂŶ ƐŚŽƵůĚ ƉƌŝŽƌŝƟǌĞ ƌĞƉĂŝƌƐ ƚŚĂƚ ǁŝůů ƐĞƌǀĞ ƚŚĞ ƌĞƉƵƌƉŽƐĞĚ ĨĂĐŝůŝƟĞƐ ;ŝĞ͘ ZŽŽĨ ƌĞƉůĂĐĞŵĞŶƚ͕ǁŝŶĚŽǁĐĂƵůŬŝŶŐ͕ ĚƌĂŝŶĂŐĞŝŵƉƌŽǀĞŵĞŶƚƐͿĂŶĚŵŝŶŝŵŝǌĞŝŵƉƌŽǀĞŵĞŶƚƐƚŚĂƚĂƌĞƐƉĞĐŝĮĐĨŽƌůĂď ƵƐĞƐƵĐŚĂƐĐĂƐĞǁŽƌŬƌĞƉůĂĐĞŵĞŶƚ͕ĂŶĚƌĞŵŽĚĞůŝŶŐŝŶƚĞƌŝŽƌǁŽƌŬƐƉĂĐĞ͘,ǇĚƌŽ ŽŶƐƚƌƵĐƟŽŶŝƐƉƌĞƉĂƌŝŶŐĞƐƟŵĂƚĞƐĨŽƌŶĞĂƌƚĞƌŵŝŵƉƌŽǀĞŵĞŶƚƚŽƚŚĞtY> ĂŶĚW>͘ td&tĂƚĞƌYƵĂůŝƚǇ>Ăď/ŶƚĞƌŝŵtd&ŝŵƉƌŽǀĞŵĞŶƚƉůĂŶ Budget Years 1 & 2 3 & 4 5 & 6 7 & 8 9 & 10 ǆƚĞƌŝŽƌĂƵůŬŝŶŐ Ψϭϯ͕ϱϬϬ ΨϬ ΨϬ ΨϬ ΨϬ Ψϭϯ͕ϱϬϬ WĂǀĞƌZĞƉůĂĐĞŵĞŶƚ ΨϬ ΨϭϮ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϭϮ͕ϬϬϬ ^ŝĚĞǁĂůŬZΘZ ΨϬ Ψϰ͕ϬϬϬ ΨϬ ΨϬ ΨϬ Ψϰ͕ϬϬϬ ^ŝƚĞ'ƌĂĚŝŶŐΘ >ĂŶĚƐĐĂƉŝŶŐ ΨϬ Ψϭϭ͕ϱϬϬ ΨϬ ΨϬ ΨϬ Ψϭϭ͕ϱϬϬ ZŽŽĨWĂƚĐŚ;ǇĞĂƌůǇͿ ΨϬ ΨϬ ΨϬ ΨϭϬ͕ϬϬϬ ΨϭϬ͕ϬϬϬ ΨϮϬ͕ϬϬϬ ZŽŽĨZĞƉůĂĐĞ ΨϮϵϴ͕ϱϬϬ ΨϬ ΨϬ ΨϬ ΨϬ ΨϮϵϴ͕ϱϬϬ DĂŝŶŶƚƌǇŽŽƌƐ ,ĂƌĚǁĂƌĞĂŶĚ tĞĂƚŚĞƌ^ƚƌŝƉƉŝŶŐ ΨϬ ΨϮϱ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϮϱ͕ϬϬϬ KƚŚĞƌǆƚĞƌŝŽƌ ŽŽƌƐWĂŝŶƚΘ tĞĂƚŚĞƌ^ƚƌŝƉƉŝŶŐ ΨϬ Ψϭϰ͕ϬϬϬ ΨϬ ΨϬ ΨϬ Ψϭϰ͕ϬϬϬ /ŶƚĞƌŝŽƌŽŽƌ,ĂƌĚǁĂƌĞ Ψϭϰ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϬ Ψϭϰ͕ϬϬϬ ĞŝůŝŶŐZĞƉĂŝƌ ΨϬ ΨϬ ΨϬ Ψϱ͕ϬϬϬ Ψϱ͕ϬϬϬ ΨϭϬ͕ϬϬϬ February 2018 WĂŐĞϯϭ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƟŽŶŽŶƚƌŽů>ĂďƐDĂƐƚĞƌWůĂŶŶŝŶŐ^ƚƵĚǇ W>WŽůůƵƟŽŶŽŶƚƌŽů>Ăď/ŶƚĞƌŝŵWůĂŶ Budget Years ĞƐĐƌŝƉƟŽŶ 1 & 2 3 & 4 5 & 6 7 & 8 9 & 10 ^ŝƚĞ'ƌĂĚŝŶŐΘ >ĂŶĚƐĐĂƉŝŶŐ Ψϭϰ͕ϬϬϬ ΨͲ ΨͲ ΨͲ ΨͲ Ψϭϰ͕ϬϬϬ ǆƚĞƌŝŽƌĂƵůŬŝŶŐ ΨϭϮ͕ϬϬϬ ΨͲ ΨͲ ΨͲ ΨͲ ΨϭϮ͕ϬϬϬ ZŽŽĨWĂƚĐŚ;ǇĞĂƌůǇͿ Ψϭϯ͕ϬϬϬ Ψϲ͕ϱϬϬ ΨͲ ΨͲ ΨͲ Ψϭϵ͕ϱϬϬ DĂŝŶŶƚƌǇŽŽƌƐ ,ĂƌĚǁĂƌĞĂŶĚ tĞĂƚŚĞƌ^ƚƌŝƉƉŝŶŐ ΨͲ ΨϮϴ͕ϱϬϬ ΨͲ ΨͲ ΨͲ ΨϮϴ͕ϱϬϬ sĂĐƵƵŵWƵŵƉ ΨͲ ΨϭϮ͕ϱϬϬ ΨͲ ΨͲ ΨͲ ΨϭϮ͕ϱϬϬ ƌǇŝŶŐŝƌhŶŝƚ ΨͲ Ψϱ͕ϱϬϬ ΨͲ ΨͲ ΨͲ Ψϱ͕ϱϬϬ ,sƵĐƚǁŽƌŬ ΨͲ ΨϯϬ͕ϬϬϬ ΨͲ ΨͲ ΨͲ ΨϯϬ͕ϬϬϬ ZŽŽĨƌĂŝŶƐ Ψϴ͕ϱϬϬ ΨͲ ΨͲ ΨͲ ΨͲ Ψϴ͕ϱϬϬ ĂĐŬŇŽǁWƌĞǀĞŶƚĞƌ Ψϭϭ͕ϱϬϬ ΨͲ ΨͲ ΨͲ ΨͲ Ψϭϭ͕ϱϬϬ d^^^ƵƌŐĞWƌŽƚĞĐƟŽŶ ΨϮϳ͕ϱϬϬ ΨͲ ΨͲ ΨͲ ΨͲ ΨϮϳ͕ϱϬϬ EŽƌƚŚ^ŝŶŬƌĂŝŶ>ŝŶĞƐ Ψϴ͕ϱϬϬ ΨͲ ΨͲ ΨͲ ΨͲ Ψϴ͕ϱϬϬ ƫĐ^ƉĂĐĞZĞŚĂď Ψϰϱ͕ϬϬϬ ΨͲ ΨͲ ΨͲ ΨͲ Ψϰϱ͕ϬϬϬ &ƵŵĞ,ŽŽĚ&ĂŶƐ ΨͲ ΨϰϬ͕ϬϬϬ ΨͲ ΨͲ ΨͲ ΨϰϬ͕ϬϬϬ ǆŚĂƵƐƚ&ĂŶƐ ΨͲ ΨϮϱ͕ϬϬϬ ΨͲ ΨͲ ΨͲ ΨϮϱ͕ϬϬϬ dĞŵƉĞƌĞĚŝƌ&ĂŶƐ ΨͲ ΨϱϬ͕ϬϬϬ ΨͲ ΨͲ ΨͲ ΨϱϬ͕ϬϬϬ ŝƌǆĐŚĂŶŐĞƐ ΨͲ ΨϭϬ͕ϱϬϬ ΨͲ ΨͲ ΨͲ ΨϭϬ͕ϱϬϬ ,sŽŶƚƌŽů^ǇƐƚĞŵ ΨͲ ΨͲ ΨϴϬ͕ϬϬϬ ΨͲ ΨͲ ΨϴϬ͕ϬϬϬ ůĞĐƚƌŝĐĂůŽƌƌŽƐŝŽŶ ΨͲ Ψϭϰ͕ϬϬϬ Ψϭϰ͕ϬϬϬ ΨͲ ΨͲ ΨϮϴ͕ϬϬϬ ZĞĐĞƉƚĂĐůĞƐ ΨͲ Ψϳ͕ϱϬϬ Ψϳ͕ϱϬϬ ΨͲ ΨͲ Ψϭϱ͕ϬϬϬ ZŽŽĨZĞƉůĂĐĞ ΨͲ ΨͲ Ψϳϱ͕ϬϬϬ ΨͲ ΨͲ Ψϳϱ͕ϬϬϬ /ŶƐƵůĂƟŽŶĚĚŝƟŽŶ ΨͲ ΨͲ ΨͲ Ψϭϴ͕ϱϬϬ ΨͲ Ψϭϴ͕ϱϬϬ >ŝŐŚƚŶŝŶŐ'ƌŽƵŶĚ ^ǇƐƚĞŵ ΨͲ ΨͲ Ψϭϱ͕ϬϬϬ ΨͲ ΨͲ Ψϭϱ͕ϬϬϬ DĂŝŶdƌĂŶƐĨŽƌŵĞƌ ΨͲ ΨͲ ΨͲ ΨͲ Ψϯϰ͕ϬϬϬ Ψϯϰ͕ϬϬϬ DĞĐŚͬůĞĐƚƌŝĐĂů ZŽŽŵůĞĂƌĂŶĐĞ ΨͲ ΨͲ ΨͲ ΨͲ ΨϯϬ͕ϬϬϬ ΨϯϬ͕ϬϬϬ Totals per year $ 140,000 $ 230,000 $ 191,500 $ 18,500 $ 64,000 Total $ 644,000 Regionalization Considerations dŚĞ ĞǆŝƐƟŶŐ tĂƚĞƌ YƵĂůŝƚǇ >Ăď ĂŶĚ WŽůůƵƟŽŶ ŽŶƚƌŽů >Ăď ƉƌŽǀŝĚĞƐ ĂŶĂůǇƟĐĂů ƐĞƌǀŝĐĞƐĨŽƌĂĚũĂĐĞŶƚǁĂƚĞƌĂŶĚƐĂŶŝƚĂƟŽŶĚŝƐƚƌŝĐƚƐ͘dŚĞůĞǀĞůŽĨĂŶĂůǇƟĐĂůƐĞƌǀŝĐĞ ĐƵƌƌĞŶƚůǇƉƌŽǀŝĚĞĚƚŽŽƵƚƐŝĚĞĞŶƟƟĞƐŝƐŝŶĐůƵĚĞĚŝŶƚŚĞƉƌŽƉŽƐĞĚ>ĂďŽƌĂƚŽƌǇƉůĂŶ ĂŶĚ ƚŚĞ ďĂƐĞůŝŶĞ ĨŽŽƚƉƌŝŶƚ͘ dŚĞ ŬĞǇ ĂƐƐƵŵƉƟŽŶ ŝƐ ƚŚĂƚ ĂŶĂůǇƟĐĂů ƐĞƌǀŝĐĞƐ ǁŝůů ĐŽŶƟŶƵĞ ƚŽďĞŽīĞƌĞĚƚŽƚŚĞĚŝƐƚƌŝĐƚƐƚŽƉƌŽǀŝĚĞƐŽŵĞĮŶĂŶĐŝĂůďĞŶĞĮƚƚŽƚŚĞ ŝƚǇƚŚƌŽƵŐŚĐŽƐƚƌĞĐŽǀĞƌǇ͕ĂŶĚƐƵƉƉŽƌƚůŽĐĂůĐŽůůĂďŽƌĂƟŽŶƌĞůĂƚĞĚƚŽǁĂƚĞƌƐŚĞĚ ƉƌŽƚĞĐƟŽŶ͕ƉƌŽƚĞĐƟŽŶŽĨZŝǀĞƌĂŶĚƌĞĐĞŝǀŝŶŐƐƚƌĞĂŵƐ͕ĂŶĚĚƌŝŶŬŝŶŐǁĂƚĞƌƋƵĂůŝƚǇ͘ dŚĞŝƚǇǁŝůůƐŚĂƌĞƚŚĞĐŽŵƉůĞƚĞĚ>ĂďDĂƐƚĞƌƉůĂŶǁŝƚŚƚŚĞĚŝƐƚƌŝĐƚƐĂŶĚŝŶƚĞŶĚƚŽ ŝŶĐŽƌƉŽƌĂƚĞĐŽŵŵŝƚŵĞŶƚƐƚŚĞǇŵĂǇŵĂŬĞŝŶƚŽƚŚĞŝƚǇ͛ƐĂƉƉƌŽĂĐŚŐŽŝŶŐĨŽƌǁĂƌĚ͕ ŚŽǁĞǀĞƌŐŝǀĞŶƚŚĞĂŵŽƵŶƚŽĨƚĞƐƟŶŐĂŶĚŵŽŶŝƚŽƌŝŶŐƉĞƌĨŽƌŵĞĚĨŽƌƚŚĞĚŝƐƚƌŝĐƚƐ͕ ŝƚŝƐůŝŬĞůǇŵŽƌĞĞĸĐŝĞŶƚĨŽƌƚŚĞĚŝƐƚƌŝĐƚƐƚŽƉĂǇĂĐŽƐƚĨŽƌƐĞƌǀŝĐĞƚŽƚŚĞŝƚǇ͘EŽ ƌĞŐŝŽŶĂůŝǌĂƟŽŶƉůĂŶŝŶƉƵƚŽƌĮŶĂŶĐŝĂůĐŽŵŵŝƚŵĞŶƚƐŚĂǀĞďĞĞŶƌĞƋƵĞƐƚĞĚŽĨƚŚĞ ĚŝƐƚƌŝĐƚƐ ƚŽ ĚĂƚĞ͘ tŚŝůĞ ƚŚĞ ĚŝƐƚƌŝĐƚƐ ĐĞƌƚĂŝŶůǇ ĂƌĞ ĂƉƉƌĞĐŝĂƟǀĞ ŽĨ ƚŚĞ ǀĂůƵĂďůĞ ƐĞƌǀŝĐĞƉƌŽǀŝĚĞĚďǇƚŚĞŝƚǇ͕ƚŚĞĐŽŵŵŝƚŵĞŶƚƚŽĂ͞ǁŽƌůĚĐůĂƐƐ͟ǀŝƐŝŽŶŵĂǇĞǆĐĞĞĚ ƚŚĞŝƌĞǆƉĞĐƚĂƟŽŶƐĂŶĚĂŶǇĨĂĐŝůŝƚǇŝŶǀĞƐƚŵĞŶƚĂŶĚĂŶĂůǇƟĐĂůƐĞƌǀŝĐĞĐŽƐƚǁŝůůůŝŬĞůǇ ďĞĐŽŵƉĂƌĞĚƚŽƚŚŽƐĞŽīĞƌĞĚďǇĐŽŵŵĞƌĐŝĂůůĂďƐ͘ dŚĞƉƌŽƉŽƐĞĚĐŽŵďŝŶĞĚtY>ĂŶĚW>ůĂďĐŽŶĐĞƉƚŝƐĐŽŶƐŝĚĞƌĞĚŇĞǆŝďůĞĞŶŽƵŐŚƚŽ ĂĚĂƉƚƚŽĨƵƚƵƌĞƌĞŐŝŽŶĂůŝǌĂƟŽŶĐŽŶĐĞƉƚƐďǇ͗ • WƌŽǀŝĚŝŶŐĂĚĚŝƟŽŶĂůĂŶĂůǇƟĐĂůĞƋƵŝƉŵĞŶƚ͕ WĂŐĞϯϮ February 2018 DWRF Site: Facility Concept Design ϮͬϮϱͬϮϬϭϵ ϭ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƚŝŽŶŽŶƚƌŽů >ĂďŽƌĂƚŽƌǇDĂƐƚĞƌWůĂŶ͕ŽŶĚŝƚŝŽŶ ƐƐĞƐƐŵĞŶƚĂŶĚ&ĂĐŝůŝƚǇZĞŶŽǀĂƚŝŽŶ :ĂŶƵĂƌǇϭϮ͕ϮϬϭϳ ŐĞŶĚĂ /ŶƚƌŽĚƵĐƚŝŽŶƐ hŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚĂĐŬŐƌŽƵŶĚ YƵĂůŝĨŝĐĂƚŝŽŶƐ WƌŝŽƌǆƉĞƌŝĞŶĐĞ ʹ ŽŵŵƵŶŝƚŝĞƐǁŝƚŚƐŝŵŝůĂƌĐŚĂůůĞŶŐĞƐ ʹ ĞƐƚƉƌĂĐƚŝĐĞƐͬůĞƐƐŽŶƐůĞĂƌŶĞĚ ʹ ůƚĞƌŶĂƚĞWƌŽĚƵĐƚĞůŝǀĞƌǇ^ǇƐƚĞŵ;W^Ϳ <ĞǇƚŽ^ƵĐĐĞƐƐ YΘ ϭ Ϯ ϮͬϮϱͬϮϬϭϵ Ϯ /ŶƚƌŽĚƵĐƚŝŽŶƐ hŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚĂĐŬŐƌŽƵŶĚ tĂƚĞƌYƵĂůŝƚǇ>Ăď;tY>Ϳ ʹ ϭϵϳϵ͗KƌŝŐŝŶĂůĐŽŶƐƚƌƵĐƚŝŽŶĨŽƌůĂďĂŶĚŐĂƌĂŐĞ ʹ ϭϵϴϵ͗ǆƉĂŶƐŝŽŶͬƵƉŐƌĂĚĞĐŽŶŶĞĐƚŝŶŐƚŚĞůĂďĂŶĚŐĂƌĂŐĞ ʹ ϭϵϵϵ͗DŝŶŽƌ,sĂŶĚĞůĞĐƚƌŝĐĂůŝŵƉƌŽǀĞŵĞŶƚƐ ʹ ϮϬϭϱ͗DĂƐƚĞƌWůĂŶ;ŝŶĐůƵĚĞƐĐŽŶĚŝƚŝŽŶĂƐƐĞƐƐŵĞŶƚͿ WŽůůƵƚŝŽŶŽŶƚƌŽů>Ăď;W>Ϳ ʹ ϭϵϳϬƐ͗KƌŝŐŝŶĂůĐŽŶƐƚƌƵĐƚŝŽŶ ʹ ŽŶĚŝƚŝŽŶĂƐƐĞƐƐŵĞŶƚ͍ ϯ ϰ ϮͬϮϱͬϮϬϭϵ ϯ ŝƚǇWŽůŝĐǇ ŝƚǇŽĨ&ŽƌƚŽůůŝŶƐ'ƵŝĚŝŶŐWŽůŝĐǇ ʹ dŚĞŝƚǇǁŝůůƉƌŽǀŝĚĞǁĂƚĞƌƐĞƌǀŝĐĞƐƚŚĂƚŵĞĞƚŽƌĞǆĐĞĞĚĐƵƐƚŽŵĞƌ ĞǆƉĞĐƚĂƚŝŽŶƐĨŽƌƋƵĂůŝƚǇ͕ƋƵĂŶƚŝƚǇ͕ĂŶĚƌĞůŝĂďŝůŝƚǇ͘dŚĞŝƚǇǁŝůů ƉƌŽƚĞĐƚĂŶĚŵĂŝŶƚĂŝŶŚŝŐŚǁĂƚĞƌƋƵĂůŝƚǇŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂůů ĐŽĚĞƐ͕ƉŽůŝĐŝĞƐ͕ƉůĂŶƐĂŶĚƐƉĞĐŝĨŝĐĂƚŝŽŶƐƌĞůĂƚĞĚƚŽƚŚĞĂĐƋƵŝƐŝƚŝŽŶ͕ ƉƌŽĚƵĐƚŝŽŶ͕ĂŶĚĚĞůŝǀĞƌǇŽĨǁĂƚĞƌƐĞƌǀŝĐĞƐƚŽŝƚƐĐƵƐƚŽŵĞƌƐ͘dŚĞ ŝƚǇ͛ƐǁĂƚĞƌƐƵƉƉůǇ͕ƚƌĞĂƚŵĞŶƚ͕ƐƚŽƌĂŐĞ͕ĚĞůŝǀĞƌǇĂŶĚůĂďŽƌĂƚŽƌǇ ĨĂĐŝůŝƚŝĞƐ ǁŝůůďĞƉůĂŶŶĞĚĚĞƐŝŐŶĞĚ͕ĐŽŶƐƚƌƵĐƚĞĚ͕ŵĂŝŶƚĂŝŶĞĚ͕ƐƚĂĨĨĞĚ ĂŶĚŽƉĞƌĂƚĞĚƚŽĂƐƐƵƌĞƐĂĨĞ͕ƌĞůŝĂďůĞĂŶĚĐŽƐƚͲĞĨĨĞĐƚŝǀĞƐĞƌǀŝĐĞƚŽ ƚŚĞƌĞƐŝĚĞŶƚƐŽĨ&ŽƌƚŽůůŝŶƐĂŶĚĂůůƚŚŽƐĞƐĞƌǀĞĚďǇƚŚĞďǇƚŚĞŝƚǇ͛Ɛ ǁĂƚĞƌƵƚŝůŝƚǇ͘ ΀ZĞƐŽůƵƚŝŽŶϵϯͲϭϰϰ΁ ʹ /ĚĞŶƚŝĨǇŽƚŚĞƌZĞůĞǀĂŶƚŝƚǇ'ƵŝĚŝŶŐƉŽůŝĐŝĞƐ td&ϮϬϭϱDĂƐƚĞƌWůĂŶ ^ĞĐƚŝŽŶϯ͘ϳtĂƚĞƌYƵĂůŝƚǇ>Ăď ʹ tŚŝůĞƚŚĞtY>ŚĂƐĐƵƌƌĞŶƚƵƉͲƚŽͲĚĂƚĞŝŶƐƚƌƵŵĞŶƚĂƚŝŽŶĨŽƌ ŝƚƐĂŶĂůǇƐĞƐ͕ƚŚĞďƵŝůĚŝŶŐĂŶĚƐƵƉƉŽƌƚƐǇƐƚĞŵƐĂƌĞŝŶ ĐƌŝƚŝĐĂůŶĞĞĚŽĨƌĞƉĂŝƌ͘dŚĞďƵŝůĚŝŶŐĂĐĐĞƐƐƐŚŽƵůĚďĞ ďƌŽƵŐŚƚƵƉƚŽĐŽĚĞ͕ĂŶĚĐŽƌƌŽĚĞĚĂŶĚƐƚĂŝŶĞĚĞƋƵŝƉŵĞŶƚ͕ ĐŽƵŶƚĞƌƐ͕ƉůƵŵďŝŶŐĂŶĚĞůĞĐƚƌŝĐĂůƐǇƐƚĞŵƐƐŚŽƵůĚďĞ ƌĞƉůĂĐĞĚ͘ ʹ ŶĞǀĂůƵĂƚŝŽŶŝƐŶĞĐĞƐƐĂƌǇƚŚĂƚǁŝůůĂĚĚƌĞƐƐŽƉƚŝŽŶƐƐƵĐŚĂƐ ĂŵĂũŽƌƌĞŶŽǀĂƚŝŽŶǀĞƌƐƵƐĂŶĞǁďƵŝůĚŝŶŐ͘dŚĞĞǀĂůƵĂƚŝŽŶ ĐŽƵůĚĂůƐŽŝŶĐůƵĚĞĂŶĞǀĂůƵĂƚŝŽŶŽĨĐŽŵďŝŶŝŶŐƚŚĞ ĨƵŶĐƚŝŽŶƐŽĨƚŚĞtY>ǁŝƚŚƚŚĞWŽůůƵƚŝŽŶŽŶƚƌŽů>ĂďŽƌĂƚŽƌǇ ;ůŽĐĂƚĞĚĂƚƚŚĞƌĂŬĞtĂƚĞƌZĞĐůĂŵĂƚŝŽŶ&ĂĐŝůŝƚǇͿŝŶƚŽĂ ŶĞǁůĂďŽƌĂƚŽƌǇ͕ƉŽƚĞŶƚŝĂůůǇůŽĐĂƚĞĚĂƚĂŶĞǁƐŝƚĞ͘ ϱ ϲ ϮͬϮϱͬϮϬϭϵ ϰ td&ϮϬϭϱDĂƐƚĞƌWůĂŶZĞĐŽŵŵĞŶĚĂƚŝŽŶƐ ϮϬ͘ϬtĂƚĞƌYƵĂůŝƚǇ>ĂďŽƌĂƚŽƌǇ ϮϬ͘ϭ ǀĂůƵĂƚĞƵƉŐƌĂĚŝŶŐĞǆŝƐƚŝŶŐůĂďǀĞƌƐƵƐŶĞǁůĂď ǀĂůƵĂƚŝŽŶ DĂǇŵĂŬĞƉŚĂƐĞĚŝŵƉƌŽǀĞŵĞŶƚƐ͘ ϮϬ͘Ϯ &ůŽŽƌŝŶŐƌĞƉůĂĐĞŵĞŶƚ >ĂƌŐĞĂƉŝƚĂů ^ƚĂŝŶŝŶŐĨƌŽŵĂĐŝĚŽŶĨůŽŽƌƐŝŶǀĂƌŝŽƵƐůŽĐĂƚŝŽŶƐ͘ ϮϬ͘ϯ ,sĂĐĐĞƐƐ >ĂƌŐĞĂƉŝƚĂů EĞĞĚƚŽŝŵƉƌŽǀĞĂĐĐĞƐƐƚŽǁĂůůͲŵŽƵŶƚĞĚ,s ĞƋƵŝƉŵĞŶƚŝŶƐŽŵĞůŽĐĂƚŝŽŶƐ͘ ϮϬ͘ϰ ZĞƉůĂĐĞďŽŝůĞƌƐ >ĂƌŐĞĂƉŝƚĂů ϮϬ͘ϱ ZĞƉůĂĐĞhW^ >ĂƌŐĞĂƉŝƚĂů hW^ŝƐŶŽůŽŶŐĞƌƐĞƌǀŝĐĞĂďůĞďǇŵĂŶƵĨĂĐƚƵƌĞƌ͘ ϮϬ͘ϲ ZĞƉůĂĐĞĂĐŝĚĐĂďŝŶĞƚƐĂŶĚĐŽŶƐĞƋƵĞŶƚŝĂůĐŽƌƌŽĚĞĚƵƚŝůŝƚŝĞƐ >ĂƌŐĞĂƉŝƚĂů ϮϬ͘ϳ ZĞǀĂŵƉƌĞƐƚƌŽŽŵƐ ŶŶƵĂůDŝŶŽƌ ZĞƐƚƌŽŽŵƐŶĞĞĚƵƉĚĂƚŝŶŐ;ƉůƵŵďŝŶŐ͕ƌĞŵŽǀĂůŽĨ ĨŝǆƚƵƌĞƐ͕ƉĂŝŶƚŝŶŐͿ͘ ϮϬ͘ϴ ,sƐǇƐƚĞŵĂŶĚ>ŝŐŚƚŝŶŐ >ĂƌŐĞĂƉŝƚĂů ZĞƉůĂĐĞĐŽƌƌŽĚĞĚůŝŐŚƚĨŝǆƚƵƌĞƐǁŝƚŚŶĞǁĞŶĞƌŐǇ ĞĨĨŝĐŝĞŶƚƐǇƐƚĞŵ͘ ϮϬ͘ϵ ZĞƉůĂĐĞĨĂƵĐĞƚƐĂŶĚĐŽƵŶƚĞƌƐƐƵƌƌŽƵŶĚŝŶŐĨĂƵĐĞƚƐĂŶĚ ĐŽƌƌŽĚĞĚͬĚĂŵĂŐĞĚƉůƵŵďŝŶŐ >ĂƌŐĞĂƉŝƚĂů ϮϬ͘ϭϬ ZĞƉůĂĐĞĐĞŝůŝŶŐƚŝůĞƐǁŚĞƌĞǁĂƚĞƌĚĂŵĂŐĞĚ ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϭ ZĞƉůĂĐĞĨƌŽŶƚĚŽŽƌƐ >ĂƌŐĞĂƉŝƚĂů ϮϬ͘ϭϮ ZĞƉůĂĐĞŽƚŚĞƌĚŽŽƌƐǁŚĞƌĞƚĂƉĞĚŽƉĞŶ ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϯ ZĞƉůĂĐĞǁŝŶĚŽǁƐǁŚĞƌĞƉĂŶĞƐĂƌĞůĞĂŬŝŶŐ ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϰ ZĞǀŝƚĂůŝǌĞĞŵƉůŽǇĞĞĐŽŵŵŽŶĂƌĞĂƐ ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϱ >ĂďŐĂƐǀĂůǀĞƐƵƉĚĂƚĞĚĂŶĚƌĞͲĂƚƚĂĐŚĞĚƚŽǁĂůů ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϲ ǀĂůƵĂƚĞƐŽůĂƌƉĂŶĞůƐĞĨĨŝĐŝĞŶĐǇĨŽƌǁĂƚĞƌŚĞĂƚĞƌ ǀĂůƵĂƚŝŽŶ ^ŽůĂƌƉĂŶĞůƐĂƌĞŵŽƌĞƚŚĂŶϭϬǇĞĂƌƐŽůĚ͘ĨĨŝĐŝĞŶĐǇŵĂǇ ŝŶĐƌĞĂƐĞǁŝƚŚƌĞƉůĂĐĞŵĞŶƚŽĨƉĂŶĞůƐ͘ W,tĂƚĞƌYƵĂůŝƚǇ>ĂďĞƌƚŝĨŝĐĂƚŝŽŶ ZĞƋƵŝƌĞŵĞŶƚƐ ŶǀŝƌŽŶŵĞŶƚĂůůĂďŽƌĂƚŽƌŝĞƐĐĞƌƚŝĨŝĐĂƚŝŽŶ ŽŵƉůĞƚĞƚŚĞůĂďŽƌĂƚŽƌǇĐĞƌƚŝĨŝĐĂƚŝŽŶĂƉƉůŝĐĂƚŝŽŶ͕ ƐĂǀĞ͕ĂŶĚĞŵĂŝů ƚŽďĞŶ͘ĐŚŽƵĂĨΛƐƚĂƚĞ͘ĐŽ͘ƵƐ͘ ŶǀŝƌŽŶŵĞŶƚĂůůĂďŽƌĂƚŽƌŝĞƐĂƌĞĂĐĐƌĞĚŝƚĞĚďǇƚŚĞĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵ͘ ƉƉƌŽǀĂůŐƌĂŶƚĞĚƵŶĚĞƌƐƚĂƚĞƌĞŐƵůĂƚŝŽŶƐŝƐŝŶƚĞŶĚĞĚƚŽŐƵĂƌĂŶƚĞĞĂĐĐƵƌĂƚĞůĂďŽƌĂƚŽƌǇƚĞƐƚŝŶŐ ƌĞƐƵůƚƐ͘ >ĂďŽƌĂƚŽƌŝĞƐƚĞƐƚŝŶŐŽůŽƌĂĚŽƉƵďůŝĐĚƌŝŶŬŝŶŐǁĂƚĞƌŵƵƐƚďĞĂĐĐƌĞĚŝƚĞĚ͘ ŶǀŝƌŽŶŵĞŶƚĂůůĂďŽƌĂƚŽƌŝĞƐŵĂǇďĞĂĐĐƌĞĚŝƚĞĚĨŽůůŽǁŝŶŐƚŚĞůĂďŽƌĂƚŽƌǇĐƌŝƚĞƌŝĂƐĞƚĨŽƌƚŚďǇƚŚĞ hŶŝƚĞĚ^ƚĂƚĞƐŶǀŝƌŽŶŵĞŶƚĂůWƌŽƚĞĐƚŝŽŶŐĞŶĐǇ͘ ĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵƐƚĂĨĨĐŽŶĚƵĐƚŽŶͲƐŝƚĞŝŶƐƉĞĐƚŝŽŶƐŽĨĞŶǀŝƌŽŶŵĞŶƚĂůƚĞƐƚŝŶŐůĂďŽƌĂƚŽƌŝĞƐ ĞǀĞƌǇϮǇĞĂƌƐƚŽĞǀĂůƵĂƚĞĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞh͘^͘ŶǀŝƌŽŶŵĞŶƚĂůWƌŽƚĞĐƚŝŽŶŐĞŶĐǇΖƐ;WͿ DĂŶƵĂůĨŽƌƚŚĞĞƌƚŝĨŝĐĂƚŝŽŶŽĨ>ĂďŽƌĂƚŽƌŝĞƐŶĂůǇǌŝŶŐƌŝŶŬŝŶŐtĂƚĞƌ͘ƉƉƌŽǀĞĚůĂďŽƌĂƚŽƌǇ ƚĞƐƚŝŶŐŵĂǇŝŶĐůƵĚĞĐŚĞŵŝƐƚƌǇ͕ƌĂĚŝŽĐŚĞŵŝƐƚƌǇĂŶĚͬŽƌŵŝĐƌŽďŝŽůŽŐǇ͘ ϳ ϴ ϮͬϮϱͬϮϬϭϵ ϱ dĞĂŵYƵĂůŝĨŝĐĂƚŝŽŶƐ ůWĂƋƵĞƚ KǀĞƌϮϲǇĞĂƌƐŽĨǁĂƚĞƌƌĞƐŽƵƌĐĞƐ ĞǆƉĞƌŝĞŶĐĞƚŚĂƚŝŶĐůƵĚĞƐ ĞǀĂůƵĂƚŝŽŶŽĨǁĂƚĞƌĐŽŶǀĞǇĂŶĐĞ ĨĂĐŝůŝƚŝĞƐǁŝƚŚĂŶĞŵƉŚĂƐŝƐŽŶ ǁĂƚĞƌƋƵĂůŝƚǇĂŶĚƚƌĞĂƚŵĞŶƚ ƵƌƌĞŶƚůǇǁŽƌŬƐĂƚtd&ǁŝƚŚŝƚǇ ĞŶŐŝŶĞĞƌŝŶŐĂŶĚŽƉĞƌĂƚŝŽŶƐƚĞĂŵ ǆƉĞƌŝĞŶĐĞǁŽƌŬŝŶŐŽŶƐĞǀĞƌĂů ǁĂƚĞƌĂŶĚǁĂƐƚĞǁĂƚĞƌŽƉĞƌĂƚŝŽŶƐ ůĂďĨĂĐŝůŝƚŝĞƐ ǆƉĞƌŝĞŶĐĞĚŝŶƚŚĞW^ƉƌŽũĞĐƚ ĚĞůŝǀĞƌǇŵĞƚŚŽĚ ͻ WƌŽũĞĐƚDĂŶĂŐĞƌĨŽƌƚŚĞ&Žƌƚ ŽůůŝŶƐtĂƚĞƌdƌĞĂƚŵĞŶƚ&ĂĐŝůŝƚŝĞƐ DĂƐƚĞƌWůĂŶ ͻ WƌŝŶĐŝƉĂůWƌŽũĞĐƚDĂŶĂŐĞƌǁŝƚŚ ŵŽƌĞƚŚĂŶϮϱǇĞĂƌƐŽĨĞǆƉĞƌŝĞŶĐĞ ŝŶƐƵĐĐĞƐƐĨƵůĚĞůŝǀĞƌǇŽĨĂǁŝĚĞ ĐŽůůĞĐƚŝŽŶŽĨƚƌĞĂƚŵĞŶƚƉƌŽũĞĐƚƐ͘ ͻ ǆƉĞƌŝĞŶĐĞĚŝŶĐŽŵƉůĞǆĂŶĚ ŵƵůƚŝĨĂĐĞƚĞĚƉƌŽũĞĐƚƐ͕ŝŶĐůƵĚŝŶŐ ƉůĂŶŶŝŶŐ͕ƉĞƌŵŝƚƚŝŶŐ͕ĚĞƐŝŐŶ͕ ĐŽŶƐƚƌƵĐƚŝŽŶ͕ƐƚĂƌƚͲƵƉ͕ĂŶĚ ŽƉĞƌĂƚŝŽŶĂůĂƐƐŝƐƚĂŶĐĞ͘ ͻ 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WŽƌƚůĂŶĚ^ƚĂƚĞhŶŝǀĞƌƐŝƚǇ΀ϮϱϬ͕ϬϬϬƐĨ΁ ŝŶŶĞǇtĂƚĞƌWƵƌŝĨŝĐĂƚŝŽŶ&ĂĐŝůŝƚǇŽŶƚƌŽůƵŝůĚŝŶŐ͕ŝƚǇŽĨƵƌŽƌĂ hƚŝůŝƚŝĞƐ΀ϭϮ͕ϬϬϬƐĨ΁ ƵŐĞŶĞtĂƐƚĞǁĂƚĞƌ>ĂďŽƌĂƚŽƌǇǀĂůƵĂƚŝŽŶ͕KZ΀ϭϬ͕ϬϬϬƐĨ΁ DĂƚĞƌŝĂů^ĐŝĞŶĐĞĂŶĚŶŐŝŶĞĞƌŝŶŐ;D^ͿZĞŶŽǀĂƚŝŽŶĂƚŽŚĞƌƚǇ ,Ăůů͕W΀ϭϭ͕ϬϬϬƐĨ΁ Kŝů^ĂŶĚƐ>ĂďƐƐĞƐƐŵĞŶƚĂŶĚŽŶĐĞƉƚƐ͕^ƵŶĐŽƌŶĞƌŐǇ͕ĂŶĂĚĂ EŽƌƚŚĞƌŶŽůŽƌĂĚŽtĂƚĞƌŽŶƐĞƌǀĂŶĐǇŝƐƚƌŝĐƚ>ĂďŽƌĂƚŽƌǇ ǀĂůƵĂƚŝŽŶ͕K΀ϯ͕ϬϬϬƚŽϲ͕ϬϬϬƐĨ΁ WƌĞůŝŵŝŶĂƌǇWƌŽŐƌĂŵŵŝŶŐĂŶĚDĂƐƚĞƌWůĂŶŶŝŶŐ͕WůĂƚƚĞZŝǀĞƌWŽǁĞƌ ƵƚŚŽƌŝƚǇ͕K΀ϴϬ͕ϬϬϬƐĨ΁ ,ϮDƉƉůŝĞĚ^ĐŝĞŶĐĞƐ>ĂďŽƌĂƚŽƌǇ;^>Ϳ͕ŽƌǀĂůůŝƐ͕KZ΀ϭϬ͕ϬϬϬƐĨ΁ ZĞĚĚŝŶŐůĞĂƌƌĞĞŬtĂƐƚĞǁĂƚĞƌdƌĞĂƚŵĞŶƚWůĂŶƚ͕ZĞĚĚŝŶŐ͕ &ĂŝƌĨĂǆtĂƚĞƌ&ĂĐŝůŝƚǇƐƐĞƐƐŵĞŶƚ͕s΀ϭϲϴ͕ϬϬϬƐĨ΁ ĞůĞƐƚĞ>ĂƐĞƌ>ĂďZĞŶŽǀĂƚŝŽŶ͕KŚŝŽ^ƚĂƚĞhŶŝǀĞƌƐŝƚǇ͕K,΀ϱ͕ϮϬϬƐĨ΁ ,ϮDƉƉůŝĞĚ^ĐŝĞŶĐĞƐ >ĂďŽƌĂƚŽƌǇ͛ƐĂƉĂďŝůŝƚŝĞƐ ϭϴ͕ϬϬϬͲƐĨĨĂĐŝůŝƚŝĞƐůŽĐĂƚĞĚ ŝŶŽƌǀĂůůŝƐ͕KƌĞŐŽŶ ZŽƵƚŝŶĞĞŶǀŝƌŽŶŵĞŶƚĂůƚĞƐƚŝŶŐ WƌŽũĞĐƚƌĞƐĞĂƌĐŚĂŶĚƐƵƉƉŽƌƚ dĞĐŚŶŽůŽŐǇĚĞǀĞůŽƉŵĞŶƚ ϭϭ ϭϮ ϮͬϮϱͬϮϬϭϵ ϳ ǆƉĞƌŝĞŶĐĞǁŝƚŚŽƚŚĞƌƵƚŝůŝƚŝĞƐƚŚĂƚ ŚĞůƉĞĚƐŽůǀĞƐŝŵŝůĂƌĐŚĂůůĞŶŐĞƐ ŝŶŶĞǇtĂƚĞƌWƵƌŝĨŝĐĂƚŝŽŶ&ĂĐŝůŝƚǇŽŶƚƌŽůƵŝůĚŝŶŐ͕ŝƚǇŽĨ ƵƌŽƌĂhƚŝůŝƚŝĞƐ΀ϭϮ͕ϬϬϬƐĨ΁ ƵŐĞŶĞtĂƐƚĞǁĂƚĞƌ>ĂďŽƌĂƚŽƌǇǀĂůƵĂƚŝŽŶ΀ϭϬ͕ϬϬϬƐĨ΁ 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ƚĞĐŚŶŽůŽŐǇ͕ƐƚĂĨĨŝŶŐ͕ĂŶĚĞƋƵŝƉŵĞŶƚ dŚƌĞĞͲ^ƚĞƉ&ĂĐŝůŝƚǇKƉƚŝŵŝǌĂƚŝŽŶ ϭϯ ϭϰ ϮͬϮϱͬϮϬϭϵ ϴ ͬW> <ĞǇƚŽ^ƵĐĐĞƐƐ ĂƌůǇĂĐƚŝǀŝƚŝĞƐ ʹ ĞĨŝŶĞŐŽĂůƐĂŶĚ ŽďũĞĐƚŝǀĞƐ ʹ ƐƚĂďůŝƐŚďĂƐŝĐ ŶĞĞĚƐ ʹ /ĚĞŶƚŝĨǇĂŶĚ ĂĚĚƌĞƐƐĐŽŶĐĞƌŶƐ ŶƐƵƌĞŝŵŵĞĚŝĂƚĞƐƚĂĨĨĂǀĂŝůĂďŝůŝƚǇ ĐƚŝǀĞĞŶŐĂŐĞŵĞŶƚŽĨŝƚǇƐƚĂĨĨ ĨĨĞĐƚŝǀĞƵƐĞŽĨW^ WƌŝŽƌŝƚŝǌĞĚŽďũĞĐƚŝǀĞƐŚĞůƉĚĞĨŝŶĞĂůƚĞƌŶĂƚŝǀĞƐĂŶĚƐĞůĞĐƚƚŚĞďĞƐƚƐŽůƵƚŝŽŶ ZĞŶŽǀĂƚŝŽŶŽĨǆŝƐƚŝŶŐ&ĂĐŝůŝƚŝĞƐƉƉƌŽĂĐŚ W^h͗^ĐŝĞŶĐĞƵŝůĚŝŶŐϮ &ĂĐŝůŝƚǇĂŶĚƐǇƐƚĞŵƐĂƚĞŶĚŽĨůŝĨĞ dŽŽĐŽƐƚůǇƚŽƚĞĂƌĚŽǁŶŽƌŵŽǀĞ ĞƚĂŝůĞĚŚŝĞƌĂƌĐŚĂůƐĐŽƉĞŵĂƚƌŝǆ ĞƐŝŐŶĐŽŽƌĚŝŶĂƚŝŽŶǁŝƚŚ ĐŽŶƚƌĂĐƚŽƌ ĨŽƌƉŚĂƐĞĚ ŝŵƉůĞŵĞŶƚĂƚŝŽŶ ůǁĂǇƐĂ͞ŵŝŶŝŵĂů͕͟ ͞ŵŽĚĞƌĂƚĞ͕͟ĂŶĚ ͞ŵĂǆŝŵƵŵ͟ ŝŵƉƌŽǀĞŵĞŶƚƐŽƉƚŝŽŶ ϭϱ ϭϲ ϮͬϮϱͬϮϬϭϵ ϵ ŽŵďŝŶŝŶŐΘ^ŚĂƌŝŶŐ&ƵŶĐƚŝŽŶƐƉƉƌŽĂĐŚ KƌĞŐŽŶ^ƚĂƚĞhŶŝǀĞƌƐŝƚǇ>Ăď DƵůƚŝƉůĞŝŶǀĞƐƚŝŐĂƚŝǀĞĂŶĚ ZΘůĂďŽƌĂƚŽƌǇĞŶƚŝƚŝĞƐ ^ŚĂƌĞĚĞƋƵŝƉŵĞŶƚ͕ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͕ĂŶĚƐƉĂĐĞƐ ǁŚĞƌĞĂĚǀĂŶƚĂŐĞŽƵƐ &ůĞǆŝďůĞĂĚĂƉƚĂďůĞůĂďŽƌĂƚŽƌǇ ŵŽĚƵůĞƐ ŽŶǀĞƌƐŝŽŶŽĨĨŽƌŵĞƌ ǁĂƌĞŚŽƵƐĞ 'ƌĞĞŶĨŝĞůĚ&ĂĐŝůŝƚǇ ƉƉƌŽĂĐŚ WůĂƚƚĞZŝǀĞƌWŽǁĞƌƵƚŚŽƌŝƚǇ ƐƐĞƐƐĞĚĞǆŝƐƚŝŶŐĨĂĐŝůŝƚŝĞƐĂŶĚ ƐǇƐƚĞŵƐ ǀĂůƵĂƚĞĚƌĞƋƵŝƌĞŵĞŶƚƐƚŽŵĞĞƚ ĐŽĚĞ ĞĨŝŶĞĚŶĞĐĞƐƐĂƌǇĐĂƉĂďŝůŝƚŝĞƐ 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ϰ ŝƐƌƵƉƚŝŽŶŽĨ^ĞƌǀŝĐĞ ϱ ŵŽƵŶƚŽĨƚŝŵĞĞǆŝƐƚŝŶŐůĂďƐĞƌǀŝĐĞƐǁŽƵůĚďĞĚŝƐƌƵƉƚĞĚ ĚƵƌŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶ ϱ YƵĂůŝƚǇŽŶƚƌŽů ϮϬ >ĂďŝƐĞƋƵŝƉƉĞĚƚŽĂůůŽǁĨŽƌŐŽŽĚƋƵĂůŝƚǇĐŽŶƚƌŽů ϲ^ŽƵƌĐĞƐŽĨ ŽŶƚĂŵŝŶĂƚŝŽŶ ϭϱ ďŝůŝƚǇŽĨƚŚĞůĂďƐƉĂĐĞƚŽƉƌĞǀĞŶƚͬĚĞƚĞƌŽƵƚƐŝĚĞƐŽƵƌĐĞƐŽĨ ĐŽŶƚĂŵŝŶĂƚŝŽŶ ϳ tŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ ϮϬ ďŝůŝƚǇŽĨƚŚĞůĂďƚŽƉƌŽǀŝĚĞĂŐŽŽĚǁŽƌŬŝŶŐĞŶǀŝƌŽŶŵĞŶƚ dŽƚĂů ϭϬϬ Ϯϯ Ϯϰ ϮͬϮϱͬϮϬϭϵ ϭϯ ǆĂŵƉůĞŽƐƚĞŶĞĨŝƚ^ƵŵŵĂƌǇ ʹ ĞĐŝƐŝŽŶŶĂůǇƐŝƐdŽŽů Ϯϱ Ϯϲ ϮͬϮϱͬϮϬϭϵ ϭϰ Ϯϳ Ϯϴ ϮͬϮϱͬϮϬϭϵ ϭϱ Ϯϵ ϯϬ ϮͬϮϱͬϮϬϭϵ ϭϲ ϯϭ ϯϮ ϮͬϮϱͬϮϬϭϵ ϭϳ ϯϯ ϯϰ ϮͬϮϱͬϮϬϭϵ ϭ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƚŝŽŶŽŶƚƌŽů >ĂďŽƌĂƚŽƌǇDĂƐƚĞƌWůĂŶ WƌŽũĞĐƚ<ŝĐŬŽĨĨDĞĞƚŝŶŐ DĂǇϴ͕ϮϬϭϳ ŐĞŶĚĂ dĞĂŵ/ŶƚƌŽĚƵĐƚŝŽŶƐ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐ ʹ 'ƵŝĚŝŶŐWŽůŝĐŝĞƐͬsŝƐŝŽŶ ʹ ƌŝƚŝĐĂů^ƵĐĐĞƐƐ&ĂĐƚŽƌƐ ZŽůĞƐĂŶĚZĞƐƉŽŶƐŝďŝůŝƚŝĞƐ ʹ KƌŐĂŶŝǌĂƚŝŽŶ ʹ dĞĂŵŽŵŵƵŶŝĐĂƚŝŽŶ ^ĐŽƉĞZĞǀŝĞǁ ʹ ^ĐŚĞĚƵůĞZĞǀŝĞǁ ʹ ĂƚĂZĞƋƵĞƐƚ^ƚĂƚƵƐ ʹ ĐƚŝŽŶ/ƚĞŵĂŶĚĞĐŝƐŝŽŶ>ŽŐZĞǀŝĞǁ tY>ĂŶĚW>tĂůŬƚŚƌŽƵŐŚ;ĨƚĞƌŶŽŽŶͿ KƚŚĞƌ ϭ Ϯ ϮͬϮϱͬϮϬϭϵ Ϯ /ŶƚƌŽĚƵĐƚŝŽŶƐ,ϮDdĞĂŵ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐ ϯ ϰ ϮͬϮϱͬϮϬϭϵ ϯ KďũĞĐƚŝǀĞƐ ǀĂůƵĂƚĞƚŚĞĐŽŶĚŝƚŝŽŶŽĨƚŚĞĞǆŝƐƚŝŶŐƚŚĞtĂƚĞƌYƵĂůŝƚǇ>Ăď ;tY>ͿĂŶĚWŽůůƵƚŝŽŶŽŶƚƌŽů>Ăď;W>Ϳ͕ 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ƉƉĞĂůŝŶŐƌĐŚŝƚĞĐƚƵƌĞ > ůĞŶĚƐŝŶǁĞůůǁͬ&Žƌƚ ŽůůŝŶƐ ^ƚĂƚĞŽĨ/ŶĚƵƐƚƌǇ ,s ůĞĐƚƌŝĐ >ŝĨĞ^ĐŝĞŶĐĞ DĞĐŚĂŶŝĐĂů WůƵŵďŝŶŐ /ŶƚĞƌŝŽƌŵĂƚĞƌŝĂůƐŽĨ ĐŽŶƐƚƌƵĐƚŝŽŶΘĨŝŶŝƐŚĞƐ ǆƚĞƌŝŽƌŵĂƚĞƌŝĂůƐŽĨ ϮͬϮϱͬϮϬϭϵ ϭϭ /ŶĚƵƐƚƌǇdƌĞŶĚƐ͗ dŚĞEĞǆƚ'ĞŶĞƌĂƚŝŽŶ ^ŵĂƌƚ>Ăď tŚĂƚŝƐĂ^ŵĂƌƚ>Ăď͍ ʹ ZĞƐŽƵƌĐĞ^ƵƐƚĂŝŶĂďŝůŝƚǇ ʹ KĐĐƵƉĂŶƚǆƉĞƌŝĞŶĐĞ ʹ /ŶĨŽƌŵĂƚŝŽŶdĞĐŚŶŽůŽŐǇ;>/D^Ϳ ʹ ^ǇƐƚĞŵZĞƐŝůŝĞŶĐĞ KƉĞƌĂƚŝŽŶĂůĨĨŝĐŝĞŶĐǇ dƌĂŶƐƉĂƌĞŶĐǇ ʹ ŵŽŶŐƐƚĂĨĨΘƚŚĞƉƵďůŝĐ /ŶƚĞŐƌĂƚŝŶŐ^ǇƐƚĞŵƐΘ^ƉĂĐĞƐ >ĞǀĞƌĂŐŝŶŐ^ŚĂƌĞĚͬǆƚĞƌŶĂů ZĞƐŽƵƌĐĞƐ Ϯϭ ϮϮ ϮͬϮϱͬϮϬϭϵ ϭϮ ^ƵƐƚĂŝŶĂďŝůŝƚǇd>ͬDĞĂƐƵƌŝŶŐĞŶĞĨŝƚƐ EŽŶͲDŽŶĞƚĂƌǇ ĞŶĞĨŝƚƌŝƚĞƌŝĂ d>ĂƚĞŐŽƌǇ ,ŽǁDĞĂƐƵƌĞĚ >ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ ^ŽĐŝĂů EƵŵďĞƌŽĨĂŶĂůǇƐĞƐĐŽŵƉůĞƚĞĚďǇƚŚŝƌĚƉĂƌƚǇůĂď &ƵƚƵƌĞĐĐƌĞĚŝƚĂƚŝŽŶ ^ŽĐŝĂů >Ăď͛ƐĂďŝůŝƚǇƚŽŵĞĞƚ/^K͕^ƚĂƚĞĂĐĐƌĞĚŝƚĂƚŝŽŶŽƌEĂƚŝŽŶĂůŶǀŝƌŽŶŵĞŶƚĂů>ĂďŽƌĂƚŽƌǇ ĐĐƌĞĚŝƚĂƚŝŽŶWƌŽŐƌĂŵ;E>WͿ &ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ ĐŽŶŽŵŝĐ ŽŶĨŝŐƵƌĂƚŝŽŶĂŶĚůŽĐĂƚŝŽŶĂůůŽǁƐĨŽƌĨƵƚƵƌĞĞǆƉĂŶƐŝŽŶĂŶĚͬŽƌƚŽŵĞĞƚĨƵƚƵƌĞ ĂŶĂůǇƚŝĐĂůŶĞĞĚƐ ŝƐƌƵƉƚŝŽŶŽĨ^ĞƌǀŝĐĞ ĐŽŶŽŵŝĐ ŵŽƵŶƚŽĨƚŝŵĞĞǆŝƐƚŝŶŐůĂďƐĞƌǀŝĐĞƐǁŽƵůĚďĞĚŝƐƌƵƉƚĞĚĚƵƌŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶ ^ŽƵƌĐĞƐŽĨ ŽŶƚĂŵŝŶĂƚŝŽŶ ŶǀŝƌŽŶŵĞŶƚ ďŝůŝƚǇŽĨƚŚĞůĂďƐƉĂĐĞƚŽƉƌĞǀĞŶƚͬĚĞƚĞƌŽƵƚƐŝĚĞƐŽƵƌĐĞƐŽĨĐŽŶƚĂŵŝŶĂƚŝŽŶ tŽƌŬŝŶŐ ŶǀŝƌŽŶŵĞŶƚ ŶǀŝƌŽŶŵĞŶƚ ďŝůŝƚǇŽĨƚŚĞůĂďƚŽƉƌŽǀŝĚĞĂŐŽŽĚǁŽƌŬŝŶŐĞŶǀŝƌŽŶŵĞŶƚƚŽƉĞƌĨŽƌŵŵŝƐƐŝŽŶĂŶĚ ĂƚƚƌĂĐƚĂŶĚŵĂŝŶƚĂŝŶƋƵĂůŝĨŝĞĚƐƚĂĨĨ WƌŽǆŝŵŝƚǇƚŽ ƵƐƚŽŵĞƌƐ ŶǀŝƌŽŶŵĞŶƚ ŝƐƚĂŶĐĞĨƌŽŵƉƌŝŵĂƌǇĐƵƐƚŽŵĞƌƐ;ƚƌĂǀĞůƚŝŵĞ͕ĞĨĨŝĐŝĞŶĐǇ͕ƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐͿ ǆĂŵƉůĞEŽŶͲDŽŶĞƚĂƌǇ ůƚĞƌŶĂƚŝǀĞ^ĐŽƌŝŶŐƌŝƚĞƌŝĂ EŽŶͲDŽŶĞƚĂƌǇ^ĐŽƌŝŶŐƌŝƚĞƌŝĂ^ƵŵŵĂƌǇ EŽ͘ EŽŶͲDŽŶĞƚĂƌǇƌŝƚĞƌŝĂ tĞŝŐŚƚ;йͿ ĞƐĐƌŝƉƚŝŽŶ ϭ >ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ ϭϱ EƵŵďĞƌŽĨĂŶĂůǇƐĞƐĐŽŵƉůĞƚĞĚďǇƚŚŝƌĚͲƉĂƌƚǇůĂď Ϯ &ƵƚƵƌĞĐĐƌĞĚŝƚĂƚŝŽŶ ϭϱ >Ăď͛ƐĂďŝůŝƚǇƚŽŵĞĞƚ^ƚĂƚĞĂĐĐƌĞĚŝƚĂƚŝŽŶŽƌEĂƚŝŽŶĂů ŶǀŝƌŽŶŵĞŶƚĂů>ĂďŽƌĂƚŽƌǇĐĐƌĞĚŝƚĂƚŝŽŶWƌŽŐƌĂŵ;E>WͿŝŶ ƚŚĞĨƵƚƵƌĞ ϯ &ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ ϭϬ >ĂďĐŽŶĨŝŐƵƌĂƚŝŽŶĂŶĚůŽĐĂƚŝŽŶĂůůŽǁƐĨŽƌĨƵƚƵƌĞĞǆƉĂŶƐŝŽŶ ϰ ŝƐƌƵƉƚŝŽŶŽĨ^ĞƌǀŝĐĞ ϱ ŵŽƵŶƚŽĨƚŝŵĞĞǆŝƐƚŝŶŐůĂďƐĞƌǀŝĐĞƐǁŽƵůĚďĞĚŝƐƌƵƉƚĞĚ ĚƵƌŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶ ϱ YƵĂůŝƚǇŽŶƚƌŽů ϮϬ >ĂďŝƐĞƋƵŝƉƉĞĚƚŽĂůůŽǁĨŽƌŐŽŽĚƋƵĂůŝƚǇĐŽŶƚƌŽů ϲ^ŽƵƌĐĞƐŽĨ ŽŶƚĂŵŝŶĂƚŝŽŶ ϭϱ ďŝůŝƚǇŽĨƚŚĞůĂďƐƉĂĐĞƚŽƉƌĞǀĞŶƚͬĚĞƚĞƌŽƵƚƐŝĚĞƐŽƵƌĐĞƐŽĨ ĐŽŶƚĂŵŝŶĂƚŝŽŶ ϳ tŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ ϮϬ ďŝůŝƚǇŽĨƚŚĞůĂďƚŽƉƌŽǀŝĚĞĂŐŽŽĚǁŽƌŬŝŶŐĞŶǀŝƌŽŶŵĞŶƚ dŽƚĂů ϭϬϬ Ϯϯ Ϯϰ ϮͬϮϱͬϮϬϭϵ ϭϯ ǆĂŵƉůĞŽƐƚĞŶĞĨŝƚ^ƵŵŵĂƌǇ ʹ ĞĐŝƐŝŽŶŶĂůǇƐŝƐdŽŽů ĂƚĂZĞƋƵĞƐƚ ^ĞĞ,ĂŶĚŽƵƚ Ϯϱ Ϯϲ ϮͬϮϱͬϮϬϭϵ ϭϱ /ŶŝƚŝĂůĞŶĐŚŵĂƌŬŝŶŐ W>͗ϴ͕ϲϬϬƐƋ͘Ĩƚ͕͘ tY>͗ϴ͕ϮϱϬƐƋ͘Ĩƚ͕͘ ĐŽŵďŝŶĞĚĨĂĐŝůŝƚǇǁŽƵůĚůŝŬĞůǇďĞ͗ϭϰ͕ϮϬϬƐƋ͘Ĩƚ͘ ŶĞǁĐŽŵďŝŶĞĚůĂďĨĂĐŝůŝƚǇǁŽƵůĚƐĂǀĞΕϮϬͲϮϱƉĞƌĐĞŶƚŽǀĞƌ ƚǁŽƐĞƉĂƌĂƚĞĨĂĐŝůŝƚŝĞƐ ĞŶĐŚŵĂƌŬĞĚǀĂůƵĞƐĂƌĞǀĞƌǇĐůŽƐĞƚŽĐƵƌƌĞŶƚƐƉĂĐĞ͗ ʹ W>ϴ͕ϱϬϬƐƋ͘Ĩƚ͘ ʹ tY>ϴ͕ϯϬϬƐƋ͘Ĩƚ͘ ʹ /ƐĂǀĂŝůĂďůĞƐƉĂĐĞĂŶǇŝƐƐƵĞ͍ ŽŶĚŝƚŝŽŶZĞǀŝĞǁtY> Ϯϵ ϯϬ ϮͬϮϱͬϮϬϭϵ ϭϲ tY>ĞĨŝĐŝĞŶĐŝĞƐ;>ŝƐƚϮͲϭϰͲϮϬϭϳͿ ŽŝůĞƌƐ;ϮͿŽƚŚŶĞĞĚƌĞƉůĂĐĞŵĞŶƚĚƵĞƚŽĂŐĞϭ ŝƐĐƌĂĐŬĞĚ ŝƌŚĂŶĚůĞƌŵĂŝŶĂƌĞĂ͕ŽůĚƚĞĐŚŶŽůŽŐǇ ǆŚĂƵƐƚ&ĂŶƐĂůůϲ WůƵŵďŝŶŐĚŽŵĞƐƚŝĐ WůƵŵďŝŶŐďŽŝůĞƌĨĞĞĚƐǇƐƚĞŵ WůƵŵďŝŶŐŚĞĂƚŝŶŐĐůŽƐĞĚůŽŽƉŶƵŵĞƌŽƵƐůĞĂŬƐ ,sƐǇƐƚĞŵƐŝŶďĂĐŬĂƌĞĂƐŽĨĨŝĐĞƵƉŐƌĂĚĞƚŽ ƌŽŽĨƚŽƉƵŶŝƚƐ ŽŽƌĨƌĂŵĞŐĂƌĂŐĞĚŽŽƌƌĞĂƌŵĂƐŽŶƌǇǁŽƌŬ ŶƚƌĂŶĐĞĚŽŽƌƐŽďƐŽůĞƚĞƉĂƌƚƐŶŽƚĂǀĂŝůĂďůĞ tĂƚĞƌŚĞĂƚĞƌƐ ƌĂŝŶƐŶĞĞĚƚŽďĞŝŶƐƉĞĐƚĞĚĂŐĞƌĞůĂƚĞĚ ƉƌŽďůĞŵƐ WŝƉĞƐĂŶĚŝŶƐƵůĂƚŝŽŶĂďŽǀĞĐĞŝůŝŶŐƐ ůĞĐƚƌŝĐĂůƉĂŶĞůƐƵƉŐƌĂĚĞƚŽŵĂƚĐŚtd& dƌĂŶƐĨŽƌŵĞƌƐŶĞĞĚƚŽďĞŝŶƐƉĞĐƚĞĚĂŶĚƌĞƉůĂĐĞĚ hW^ƵŶŝƚŽďƐŽůĞƚĞŶĞĞĚƐƌĞƉůĂĐĞŵĞŶƚ >ŝŐŚƚŝŶŐƵƉŐƌĂĚĞƚŽ> KƵƚůĞƚƐĚĞĨŝĐŝĞŶƚŶĞĂƌǁĂƚĞƌĂŶĚĐŚĞŵŝĐĂůƐ DĞƚĂƐǇƐ ďƵŝůĚŝŶŐĐŽŶƚƌŽůƐǇƐƚĞŵƌĞƋƵĞƐƚĞĚ ĐŽŶƚƌŽůƐŽďƐŽůĞƚĞ &ƵŵĞŚŽŽĚƐƌĞƉůĂĐĞ 'ůĂƐƐƉĂŶĞƐŝŶƐƉĞĐƚƵƉŐƌĂĚĞƚŽĞŶĞƌŐǇĞĨĨŝĐŝĞŶƚ ŽŶĐƌĞƚĞĂƌŽƵŶĚĨĂĐŝůŝƚǇďĂĚƐŚĂƉĞŶĞĞĚƐ ƌĞƉůĂĐĞŵĞŶƚ hƉŐƌĂĚĞƚŚĞŵĞĚŝĐĂůŐĂƐƐǇƐƚĞŵ ϯϭ ϯϮ ϮͬϮϱͬϮϬϭϵ ϭϳ td&ϮϬϭϱDĂƐƚĞƌWůĂŶZĞĐŽŵŵĞŶĚĂƚŝŽŶƐ ϮϬ͘ϬtĂƚĞƌYƵĂůŝƚǇ>ĂďŽƌĂƚŽƌǇ ϮϬ͘ϭ ǀĂůƵĂƚĞƵƉŐƌĂĚŝŶŐĞǆŝƐƚŝŶŐůĂďǀĞƌƐƵƐŶĞǁůĂď ǀĂůƵĂƚŝŽŶ DĂǇŵĂŬĞƉŚĂƐĞĚŝŵƉƌŽǀĞŵĞŶƚƐ͘ ϮϬ͘Ϯ &ůŽŽƌŝŶŐƌĞƉůĂĐĞŵĞŶƚ >ĂƌŐĞĂƉŝƚĂů ^ƚĂŝŶŝŶŐĨƌŽŵĂĐŝĚŽŶĨůŽŽƌƐŝŶǀĂƌŝŽƵƐůŽĐĂƚŝŽŶƐ͘ ϮϬ͘ϯ ,sĂĐĐĞƐƐ >ĂƌŐĞĂƉŝƚĂů EĞĞĚƚŽŝŵƉƌŽǀĞĂĐĐĞƐƐƚŽǁĂůůͲŵŽƵŶƚĞĚ,s ĞƋƵŝƉŵĞŶƚŝŶƐŽŵĞůŽĐĂƚŝŽŶƐ͘ ϮϬ͘ϰ ZĞƉůĂĐĞďŽŝůĞƌƐ >ĂƌŐĞĂƉŝƚĂů ϮϬ͘ϱ ZĞƉůĂĐĞhW^ >ĂƌŐĞĂƉŝƚĂů hW^ŝƐŶŽůŽŶŐĞƌƐĞƌǀŝĐĞĂďůĞďǇŵĂŶƵĨĂĐƚƵƌĞƌ͘ ϮϬ͘ϲ ZĞƉůĂĐĞĂĐŝĚĐĂďŝŶĞƚƐĂŶĚĐŽŶƐĞƋƵĞŶƚŝĂůĐŽƌƌŽĚĞĚƵƚŝůŝƚŝĞƐ >ĂƌŐĞĂƉŝƚĂů ϮϬ͘ϳ ZĞǀĂŵƉƌĞƐƚƌŽŽŵƐ ŶŶƵĂůDŝŶŽƌ ZĞƐƚƌŽŽŵƐŶĞĞĚƵƉĚĂƚŝŶŐ;ƉůƵŵďŝŶŐ͕ƌĞŵŽǀĂůŽĨ ĨŝǆƚƵƌĞƐ͕ƉĂŝŶƚŝŶŐͿ͘ ϮϬ͘ϴ ,sƐǇƐƚĞŵĂŶĚ>ŝŐŚƚŝŶŐ >ĂƌŐĞĂƉŝƚĂů ZĞƉůĂĐĞĐŽƌƌŽĚĞĚůŝŐŚƚĨŝǆƚƵƌĞƐǁŝƚŚŶĞǁĞŶĞƌŐǇ ĞĨĨŝĐŝĞŶƚƐǇƐƚĞŵ͘ ϮϬ͘ϵ ZĞƉůĂĐĞĨĂƵĐĞƚƐĂŶĚĐŽƵŶƚĞƌƐƐƵƌƌŽƵŶĚŝŶŐĨĂƵĐĞƚƐĂŶĚ ĐŽƌƌŽĚĞĚͬĚĂŵĂŐĞĚƉůƵŵďŝŶŐ >ĂƌŐĞĂƉŝƚĂů ϮϬ͘ϭϬ ZĞƉůĂĐĞĐĞŝůŝŶŐƚŝůĞƐǁŚĞƌĞǁĂƚĞƌĚĂŵĂŐĞĚ ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϭ ZĞƉůĂĐĞĨƌŽŶƚĚŽŽƌƐ >ĂƌŐĞĂƉŝƚĂů ϮϬ͘ϭϮ ZĞƉůĂĐĞŽƚŚĞƌĚŽŽƌƐǁŚĞƌĞƚĂƉĞĚŽƉĞŶ ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϯ ZĞƉůĂĐĞǁŝŶĚŽǁƐǁŚĞƌĞƉĂŶĞƐĂƌĞůĞĂŬŝŶŐ ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϰ ZĞǀŝƚĂůŝǌĞĞŵƉůŽǇĞĞĐŽŵŵŽŶĂƌĞĂƐ ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϱ >ĂďŐĂƐǀĂůǀĞƐƵƉĚĂƚĞĚĂŶĚƌĞͲĂƚƚĂĐŚĞĚƚŽǁĂůů ŶŶƵĂůDŝŶŽƌ ϮϬ͘ϭϲ ǀĂůƵĂƚĞƐŽůĂƌƉĂŶĞůƐĞĨĨŝĐŝĞŶĐǇĨŽƌǁĂƚĞƌŚĞĂƚĞƌ ǀĂůƵĂƚŝŽŶ ^ŽůĂƌƉĂŶĞůƐĂƌĞŵŽƌĞƚŚĂŶϭϬǇĞĂƌƐŽůĚ͘ĨĨŝĐŝĞŶĐǇŵĂǇ ŝŶĐƌĞĂƐĞǁŝƚŚƌĞƉůĂĐĞŵĞŶƚŽĨƉĂŶĞůƐ͘ hŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚĂĐŬŐƌŽƵŶĚ tĂƚĞƌYƵĂůŝƚǇ>Ăď;tY>Ϳ ʹ ϭϵϳϵ͗KƌŝŐŝŶĂůĐŽŶƐƚƌƵĐƚŝŽŶĨŽƌůĂďĂŶĚŐĂƌĂŐĞ ʹ ϭϵϴϵ͗ǆƉĂŶƐŝŽŶͬƵƉŐƌĂĚĞĐŽŶŶĞĐƚŝŶŐƚŚĞůĂďĂŶĚŐĂƌĂŐĞ ʹ ϭϵϵϵ͗DŝŶŽƌ,sĂŶĚĞůĞĐƚƌŝĐĂůŝŵƉƌŽǀĞŵĞŶƚƐ ʹ ϮϬϭϱ͗DĂƐƚĞƌWůĂŶ;ŝŶĐůƵĚĞƐĐŽŶĚŝƚŝŽŶĂƐƐĞƐƐŵĞŶƚͿ WŽůůƵƚŝŽŶŽŶƚƌŽů>Ăď;W>Ϳ ʹ ϭϵϳϰ͗KƌŝŐŝŶĂůĐŽŶƐƚƌƵĐƚŝŽŶ ʹ ϭϵϴϮW>ZĞŵŽĚĞů ʹ ϭϵϵϮ/ŵƉƌŽǀĞŵĞŶƚƐ ϯϯ ϯϰ ϮͬϮϱͬϮϬϭϵ ϭϴ td&ϮϬϭϱDĂƐƚĞƌWůĂŶ ^ĞĐƚŝŽŶϯ͘ϳtĂƚĞƌYƵĂůŝƚǇ>Ăď ʹ tŚŝůĞƚŚĞtY>ŚĂƐĐƵƌƌĞŶƚƵƉͲƚŽͲĚĂƚĞŝŶƐƚƌƵŵĞŶƚĂƚŝŽŶĨŽƌ ŝƚƐĂŶĂůǇƐĞƐ͕ƚŚĞďƵŝůĚŝŶŐĂŶĚƐƵƉƉŽƌƚƐǇƐƚĞŵƐĂƌĞŝŶ ĐƌŝƚŝĐĂůŶĞĞĚŽĨƌĞƉĂŝƌ͘dŚĞďƵŝůĚŝŶŐĂĐĐĞƐƐƐŚŽƵůĚďĞ ďƌŽƵŐŚƚƵƉƚŽĐŽĚĞ͕ĂŶĚĐŽƌƌŽĚĞĚĂŶĚƐƚĂŝŶĞĚĞƋƵŝƉŵĞŶƚ͕ ĐŽƵŶƚĞƌƐ͕ƉůƵŵďŝŶŐĂŶĚĞůĞĐƚƌŝĐĂůƐǇƐƚĞŵƐƐŚŽƵůĚďĞ ƌĞƉůĂĐĞĚ͘ ʹ ŶĞǀĂůƵĂƚŝŽŶŝƐŶĞĐĞƐƐĂƌǇƚŚĂƚǁŝůůĂĚĚƌĞƐƐŽƉƚŝŽŶƐƐƵĐŚĂƐ ĂŵĂũŽƌƌĞŶŽǀĂƚŝŽŶǀĞƌƐƵƐĂŶĞǁďƵŝůĚŝŶŐ͘dŚĞĞǀĂůƵĂƚŝŽŶ ĐŽƵůĚĂůƐŽŝŶĐůƵĚĞĂŶĞǀĂůƵĂƚŝŽŶŽĨĐŽŵďŝŶŝŶŐƚŚĞ ĨƵŶĐƚŝŽŶƐŽĨƚŚĞtY>ǁŝƚŚƚŚĞWŽůůƵƚŝŽŶŽŶƚƌŽů>ĂďŽƌĂƚŽƌǇ ;ůŽĐĂƚĞĚĂƚƚŚĞƌĂŬĞtĂƚĞƌZĞĐůĂŵĂƚŝŽŶ&ĂĐŝůŝƚǇͿŝŶƚŽĂ ŶĞǁůĂďŽƌĂƚŽƌǇ͕ƉŽƚĞŶƚŝĂůůǇůŽĐĂƚĞĚĂƚĂŶĞǁƐŝƚĞ͘ ŽŶĚŝƚŝŽŶZĞǀŝĞǁW> 'ĞŶĞƌĂů ʹ ŽƌƌŽƐŝŽŶŽĨƉůƵŵďŝŶŐĨŝǆƚƵƌĞƐĂŶĚĚŽŽƌ ŚĂƌĚǁĂƌĞ ʹ ŝƌYƵĂůŝƚǇĐŽŶĐĞƌŶƐ ʹ ŽƵŶƚĞƌͬƐŝŶŬďĂƐŝŶͲ ƉŽŽƌĨŝƚ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ/ƐƐƵĞƐ ʹ WĞƌĐŚůŽƌŝĐ ,ŽŽĚ ʹ ,sdĞŵƉĞƌĂƚƵƌĞĐŽŶƚƌŽů ʹ ^ŽƵŶĚĐŽŶƚƌŽů/WͲD^ͬŚŝůůĞƌWƵŵƉ ʹ ƌŽƐƐĐŽŶŶĞĐƚŝŽŶ/ͬWŽƚĂďůĞtĂƚĞƌ ʹ ^ŝŶŬƐĚŽŶŽƚŚĂǀĞƉͲdƌĂƉƐ;ĐŽĚĞ ǀŝŽůĂƚŝŽŶƐͿ ʹ ŽƵŶƚĞƌƚŽƉŝŶƉŽŽƌĐŽŶĚŝƚŝŽŶ ʹ ƌǇǁĂůůĐŽŵƉƌŽŵŝƐĞĚEŽƌŶĞƌŽĨ ďƵůůƉĞŶĨƌŽŵƐƉƌŝŶŬůĞƌ ʹ WŽƐƐŝďůĞĂƐďĞƐƚŽƐďŽĂƌĚůŝŶŝŶŐƵŶĚĞƌ ŚŽŽĚƐŝŶEtůĂď ʹ ƐďĞƐƚŽƐĞŝůŝŶŐƚĞǆƚƵƌĞŝŶŚĂůůǁĂǇ tŝƐŚ>ŝƐƚ ʹ EĞǁŚĂŝƌƐͬƚĂďůĞƐĨŽƌďƵůůƉĞŶĂƌĞĂ ʹ /ŵƉƌŽǀĞĚďĂƚŚƌŽŽŵĨĂĐŝůŝƚŝĞƐŵŽƌĞƐƚĂůůƐ ʹ DŽƌĞŚŽŽĚƐƉĂĐĞ ʹ ƌŐŽŶŽŵŝĐǁŽƌŬƐƚĂƚŝŽŶƐ ʹ tĂůŬŝŶĐŽŽůĞƌ ʹ /ŵƉƌŽǀĞĚ,sƚĞŵƉĞƌĂƚƵƌĞŽŶƚƌŽůƐ ϯϱ ϯϲ ϮͬϮϱͬϮϬϭϵ ϭϵ W>Ͳ WůĂŶ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƚŝŽŶŽŶƚƌŽů >ĂďŽƌĂƚŽƌǇDĂƐƚĞƌWůĂŶ͕ŽŶĚŝƚŝŽŶ ƐƐĞƐƐŵĞŶƚĂŶĚ&ĂĐŝůŝƚǇZĞŶŽǀĂƚŝŽŶ YΘ ϯϳ ϯϴ ϮͬϮϱͬϮϬϭϵ ϮϬ WƌŝŽƌǆƉĞƌŝĞŶĐĞ ^ƚĂƚĞŽĨKƌĞŐŽŶY΀ϳϴ͕ϬϬϬƐĨ΁ EĞďƌĂƐŬĂĞŶƚĞƌĨŽƌsŝƌŽůŽŐǇ͕<ĞŶDŽƌƌŝƐŽŶ>ŝĨĞ^ĐŝĞŶĐĞƐZĞƐĞĂƌĐŚ ĞŶƚĞƌ΀ϭϬϵ͕ϬϬϬƐĨ΁ ^ĐŝĞŶĐĞZĞƐĞĂƌĐŚĂŶĚdĞĂĐŚŝŶŐĞŶƚĞƌ;^ĐŝĞŶĐĞƵŝůĚŝŶŐϮͿ͕ WŽƌƚůĂŶĚ^ƚĂƚĞhŶŝǀĞƌƐŝƚǇ΀ϮϱϬ͕ϬϬϬƐĨ΁ ŝŶŶĞǇtĂƚĞƌWƵƌŝĨŝĐĂƚŝŽŶ&ĂĐŝůŝƚǇŽŶƚƌŽůƵŝůĚŝŶŐ͕ŝƚǇŽĨƵƌŽƌĂ hƚŝůŝƚŝĞƐ΀ϭϮ͕ϬϬϬƐĨ΁ ƵŐĞŶĞtĂƐƚĞǁĂƚĞƌ>ĂďŽƌĂƚŽƌǇǀĂůƵĂƚŝŽŶ͕KZ΀ϭϬ͕ϬϬϬƐĨ΁ DĂƚĞƌŝĂů^ĐŝĞŶĐĞĂŶĚŶŐŝŶĞĞƌŝŶŐ;D^ͿZĞŶŽǀĂƚŝŽŶĂƚŽŚĞƌƚǇ ,Ăůů͕W΀ϭϭ͕ϬϬϬƐĨ΁ Kŝů^ĂŶĚƐ>ĂďƐƐĞƐƐŵĞŶƚĂŶĚŽŶĐĞƉƚƐ͕^ƵŶĐŽƌŶĞƌŐǇ͕ĂŶĂĚĂ ΀Ϯϳ͕ϬϬϬƐĨ΁ EŽƌƚŚĞƌŶŽůŽƌĂĚŽtĂƚĞƌŽŶƐĞƌǀĂŶĐǇŝƐƚƌŝĐƚ>ĂďŽƌĂƚŽƌǇ ǀĂůƵĂƚŝŽŶ͕K΀ϯ͕ϬϬϬƚŽϲ͕ϬϬϬƐĨ΁ WƌĞůŝŵŝŶĂƌǇWƌŽŐƌĂŵŵŝŶŐĂŶĚDĂƐƚĞƌWůĂŶŶŝŶŐ͕WůĂƚƚĞZŝǀĞƌWŽǁĞƌ ƵƚŚŽƌŝƚǇ͕K΀ϴϬ͕ϬϬϬƐĨ΁ ,ϮDƉƉůŝĞĚ^ĐŝĞŶĐĞƐ>ĂďŽƌĂƚŽƌǇ;^>Ϳ͕ŽƌǀĂůůŝƐ͕KZ΀ϮϬ͕ϬϬϬƐĨ΁ ZĞĚĚŝŶŐůĞĂƌƌĞĞŬtĂƐƚĞǁĂƚĞƌdƌĞĂƚŵĞŶƚWůĂŶƚ͕ZĞĚĚŝŶŐ͕ ΀ϰ͕ϬϬϬƐĨ΁ &ĂŝƌĨĂǆtĂƚĞƌ&ĂĐŝůŝƚǇƐƐĞƐƐŵĞŶƚ͕s΀ϭϲϴ͕ϬϬϬƐĨ΁ ĞůĞƐƚĞ>ĂƐĞƌ>ĂďZĞŶŽǀĂƚŝŽŶ͕KŚŝŽ^ƚĂƚĞhŶŝǀĞƌƐŝƚǇ͕K,΀ϱ͕ϮϬϬƐĨ΁ ZĞŶŽǀĂƚŝŽŶŽĨǆŝƐƚŝŶŐ&ĂĐŝůŝƚŝĞƐƉƉƌŽĂĐŚ 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;ĨĨĞĐƚŝǀĞ:ƵůǇϯ͕ϮϬϭϳͿ &ŽƌƚŽůůŝŶƐ͕ƵŝůĚŝŶŐĞƐŝŐŶΘŽŶƐƚƌƵĐƚŝŽŶ^ƚĂŶĚĂƌĚƐ;KĐƚŽďĞƌ ϮϬϭϯͿ ŝƐĐŝƉůŝŶĞ^ƵŵŵĂƌŝĞƐ ϱ ϲ ϮͬϮϱͬϮϬϭϵ ϰ tY><ĞǇ&ŝŶĚŝŶŐƐ dŚĞŽǀĞƌĂůůtY>ďƵŝůĚŝŶŐƐƚƌƵĐƚƵƌĞŝƐƐŽƵŶĚĂŶĚƐĂƚŝƐĨĂĐƚŽƌǇƚŽƉĞƌĨŽƌŵĐƵƌƌĞŶƚĨƵŶĐƚŝŽŶƐ͘ dŚĞĨĂĐŝůŝƚǇǁŝůůƌĞƋƵŝƌĞĂĐŽŵƉůĞƚĞŝŶƚĞƌŝŽƌƌĞŶŽǀĂƚŝŽŶĂŶĚĞǆƉĂŶƐŝŽŶƚŽŵĞĞƚĨƵƚƵƌĞŶĞĞĚƐ͘ ʹ ZĞĂůŝŐŶŵĞŶƚŽĨƐŽŵĞƌŽŽŵĨƵŶĐƚŝŽŶƐ͕ ʹ ZĞƉůĂĐĞŵĞŶƚŽĨĂůůŽĨƚŚĞůĂďŽƌĂƚŽƌǇĐĂƐĞǁŽƌŬĂŶĚĨŝǆƚƵƌĞƐ͘ ʹ ůůŝŶƚĞƌŝŽƌĨŝŶŝƐŚĞƐ;ƉĂƌƚŝƚŝŽŶƐ͕ĐĞŝůŝŶŐƐĂŶĚĨůŽŽƌŝŶŐͿŶĞĞĚƚŽďĞƌĞƉĂŝƌĞĚĂŶĚͬŽƌƌĞƉůĂĐĞĚ͕ƉĂŝŶƚĞĚĂŶĚ ƌĞƐƵƌĨĂĐĞĚ͘ ʹ ŽŝůĞƌĂŶĚƐĞůĞĐƚŝǀĞŵĞĐŚĂŶŝĐĂůĞƋƵŝƉŵĞŶƚŶĞĞĚƐŝŵŵĞĚŝĂƚĞ ƌĞƉůĂĐĞŵĞŶƚĂƵŐŵĞŶƚĞĚǁŝƚŚ,s ĐŽŶƚƌŽůƐ͘ ʹ dŚĞĞůĞĐƚƌŝĐĂůƐǇƐƚĞŵŶĞĞĚƐƐŽŵĞĐŽĚĞƵƉĚĂƚĞƐĂŶĚƌĞƉůĂĐĞŵĞŶƚŽĨĂŐĞĚĞƋƵŝƉŵĞŶƚ͘ ʹ dŚĞƌŽŽĨƐǇƐƚĞŵŶĞĞĚƐƚŽďĞƌĞƉůĂĐĞĚĚŽǁŶƚŽƚŚĞĚĞĐŬ͘,ŝŐŚƉƌŝŽƌŝƚǇ͘ ʹ ǆƚĞƌŝŽƌďƌŝĐŬĂŶĚĐŽŶĐƌĞƚĞĐůĂĚĚŝŶŐŶĞĞĚƚŽďĞƌĞƉŽŝŶƚĞĚĂŶĚƌĞƐĞĂůĞĚĂƚũŽŝŶƚƐĂĐƌŽƐƐĂůůĨĂĐĂĚĞƐ͘ ŶŚĂŶĐĞĚƉĞƌƐŽŶŶĞůǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚƐĂŶĚĞŶĞƌŐǇĐŽĚĞƌĞƋƵŝƌĞŵĞŶƚƐǁŝůůĚƌŝǀĞƚŚĞ ƌĞŶŽǀĂƚŝŽŶƐ ʹ /ŵƉƌŽǀĞůĂďǁŽƌŬĨůŽǁƐ͕ĞĨĨŝĐŝĞŶĐǇĂŶĚƉŽƐŝƚŝŽŶƚŚĞůĂďĨŽƌ/^Kͬ/ϭϳϬϮϱĂĐĐƌĞĚŝƚĂƚŝŽŶ͕ ʹ ĂĚĚŝƚŝŽŶŽĨĂƐĂŵƉůĞƐŚŝƉƉŝŶŐͬƌĞĐĞŝǀŝŶŐĂƌĞĂ͕ĂĚĞĚŝĐĂƚĞĚ;ϭϬƉĞƌƐŽŶͿĐŽŶĨĞƌĞŶĐĞƌŽŽŵ͕ĂĚĞĚŝĐĂƚĞĚ ƐĞĐƵƌĞƌĞĐŽƌĚƐƐƚŽƌĂŐĞƌŽŽŵ͕ĂƐĞĐƵƌĞĐŚĞŵŝĐĂůͬŐĂƐƐƚŽƌĂŐĞƌŽŽŵĂŶĚĂĚĚŝƚŝŽŶĂůĐŽǀĞƌĞĚ;ĞŶĐůŽƐĞĚͿ ǀĞŚŝĐƵůĂƌƉĂƌŬŝŶŐ͘ dŚĞƐŝƚĞƉƌŽǀŝĚĞƐƐŽŵĞĐĂƉĂďŝůŝƚǇĨŽƌƚŚĞďƵŝůĚŝŶŐĞǆƉĂŶƐŝŽŶďƵƚŝƐĐŽŶĨŝŶĞĚďǇƌŽĂĚǁĂǇƐ ĂŶĚƵƚŝůŝƚŝĞƐ͘ ƌĂŝŶĂŐĞĂŶĚĂĐĐĞƐƐŝŵƉƌŽǀĞŵĞŶƚƌĞƋƵŝƌĞĚ͘ ƌĐŚŝƚĞĐƚƵƌĂů^ƵŵŵĂƌǇϭŽĨϮ ZŽŽĨ͗EĞĞĚƐƚŽďĞĐŽŵƉůĞƚĞůǇƌĞƉůĂĐĞĚĚŽǁŶƚŽĚĞĐŬ͘dŚĞƌĞĂƌĞƐŽĨƚƐƉŽƚƐŝŶĚŝĐĂƚŝŶŐƉƌĞǀŝŽƵƐ ƐĂƚƵƌĂƚŝŽŶŽĨĂŶĚĐŽŵƉƌŽŵŝƐĞƚŽƌŽŽĨŝŶƐƵůĂƚŝŽŶ͛ƐƚŚĞƌŵĂůǀĂůƵĞĂŶĚƌŽŽĨĂƚƚĂĐŚŵĞŶƚ͘dŚĞƌĞŝƐŶŽƌŽŽĨ ĂĐĐĞƐƐůĂĚĚĞƌƚŽƚŚĞƌŽŽĨ͘ ǆƚĞƌŝŽƌ:ŽŝŶƚƐ͗ĂƵůŬŝŶŐŝŶĐŽŶƚƌŽůũŽŝŶƚƐĂŶĚĂƌŽƵŶĚĚŽŽƌƐ͕ůŽƵǀĞƌƐ͕ĂŶĚǁŝŶĚŽǁƐŚĂǀĞĨĂŝůĞĚĂŶĚ ƐŚŽƵůĚďĞƌĞŵŽǀĞĚĂŶĚƌĞƉůĂĐĞĚ͘ǆƉĂŶƐŝŽŶũŽŝŶƚƐŝŶĨůŽŽƌƐĂŶĚƌŽŽĨƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ͘ǆƚĞƌŝŽƌƐŽĨĨŝƚ ĂŶĚƐŽĨĨŝƚũŽŝŶƚƐŶĞĞĚƚŽďĞƌĞƉĂŝƌĞĚ͘ ǆƚĞƌŝŽƌtŝŶĚŽǁƐĂŶĚĚŽŽƌƐ͗dŚĞƐĞĞůĞŵĞŶƚƐĚŽŶŽƚŚĂǀĞƚŚĞƌŵĂůůǇďƌŽŬĞŶĨƌĂŵĞƐŽƌŝŶƐƵůĂƚŝŶŐŐůĂƐƐ ƉĞƌĨŽƌŵĂŶĐĞůĞǀĞůƐƐƵĨĨŝĐŝĞŶƚƚŽŵĞĞƚĐƵƌƌĞŶƚĞŶĞƌŐǇĐŽĚĞƐĂŶĚƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ͘ƚĂŵŝŶŝŵƵŵƚŚĞ ĚŽŽƌƐŶĞĞĚǁĞĂƚŚĞƌƐƚƌŝƉƉŝŶŐƌĞƉůĂĐĞĚĂŶĚ;ŝŶĐŽŶũƵŶĐƚŝŽŶǁŝƚŚƚŚĞƌŵĂůůǇďƌŽŬĞŶĚŽŽƌĨƌĂŵĞƐͿĂƚƐŽŵĞ 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WŝƉĞƐĂŶĚŝŶƐƵůĂƚŝŽŶĂďŽǀĞĐĞŝůŝŶŐƐ ůĞĐƚƌŝĐĂůƉĂŶĞůƐƵƉŐƌĂĚĞƚŽŵĂƚĐŚtd& dƌĂŶƐĨŽƌŵĞƌƐŶĞĞĚƚŽďĞŝŶƐƉĞĐƚĞĚĂŶĚƌĞƉůĂĐĞĚ hW^ƵŶŝƚŽďƐŽůĞƚĞŶĞĞĚƐƌĞƉůĂĐĞŵĞŶƚ >ŝŐŚƚŝŶŐƵƉŐƌĂĚĞƚŽ> KƵƚůĞƚƐĚĞĨŝĐŝĞŶƚŶĞĂƌǁĂƚĞƌĂŶĚĐŚĞŵŝĐĂůƐ DĞƚĂƐǇƐ ďƵŝůĚŝŶŐĐŽŶƚƌŽůƐǇƐƚĞŵƌĞƋƵĞƐƚĞĚ ĐŽŶƚƌŽůƐŽďƐŽůĞƚĞ &ƵŵĞŚŽŽĚƐƌĞƉůĂĐĞ 'ůĂƐƐƉĂŶĞƐŝŶƐƉĞĐƚƵƉŐƌĂĚĞƚŽĞŶĞƌŐǇĞĨĨŝĐŝĞŶƚ ŽŶĐƌĞƚĞĂƌŽƵŶĚĨĂĐŝůŝƚǇďĂĚƐŚĂƉĞŶĞĞĚƐ ƌĞƉůĂĐĞŵĞŶƚ hƉŐƌĂĚĞƚŚĞŵĞĚŝĐĂůŐĂƐƐǇƐƚĞŵ Ϯϳ Ϯϴ ϮͬϮϱͬϮϬϭϵ ϭ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƚŝŽŶŽŶƚƌŽů >ĂďŽƌĂƚŽƌǇDĂƐƚĞƌWůĂŶ W>ŽŶĚŝƚŝŽŶƐƐĞƐƐŵĞŶƚtŽƌŬƐŚŽƉ :ƵůǇϯϭ͕ϮϬϭϳ ŐĞŶĚĂ ^ƵŵŵĂƌǇŽĨ&ŝĞůĚ/ŶǀĞƐƚŝŐĂƚŝŽŶ ʹ ŝƐĐŝƉůŝŶĞ^ƵŵŵĂƌŝĞƐ ʹ ƵŝůĚŝŶŐŽĚĞZĞǀŝĞǁ ʹ /ŵŵĞĚŝĂƚĞ,ĞĂůƚŚΘ^ĂĨĞƚǇŝƐƐƵĞƐ tŽƌŬŶǀŝƌŽŶŵĞŶƚ ʹ >ĞǀĞůŽĨ^ĞƌǀŝĐĞ ƐďĞƐƚŽƐĂŶĚ,ĂǌĂƌĚŽƵƐDĂƚĞƌŝĂů^ƵŵŵĂƌǇ ^ĐŚĞĚƵůĞ KƚŚĞƌ ϭ Ϯ ϮͬϮϱͬϮϬϭϵ Ϯ 'ŽĂůƐĂŶĚKďũĞĐƚŝǀĞƐ KďũĞĐƚŝǀĞƐ WƌĞƐĞŶƚĂŶĚĚŝƐĐƵƐƐƚŚĞƉƌĞůŝŵŝŶĂƌǇW>ŽŶĚŝƚŝŽŶƐƐĞƐƐŵĞŶƚ &ŝŶĚŝŶŐƐ /ŶĨŽƌŵƚŚĞůƚĞƌŶĂƚŝǀĞŶĂůǇƐŝƐWŽƐƐŝďŝůŝƚŝĞƐ ʹ &ĞĂƐŝďŝůŝƚǇŽĨW>ZĞŶŽǀĂƚŝŽŶƐ ʹ &ƵƚƵƌĞƵƐĞŽĨƵŝůĚŝŶŐ͕/ĨŶŽƚĨŽƌW> ĞŵŽůŝƚŝŽŶ KĨĨŝĐĞ WƌŽĐĞƐƐ KƚŚĞƌ ϯ ϰ ϮͬϮϱͬϮϬϭϵ ϯ W>ŽŶƐƚƌƵĐƚŝŽŶWŚĂƐĞƐ ϭϵϳϰͲ tĂƐƚĞǁĂƚĞƌdƌĞĂƚŵĞŶƚ&ĂĐŝůŝƚŝĞƐŽŶƚƌĂĐƚEŽ͘Ϯ͕ůĂĐŬĂŶĚ sĞĂƚĐŚ ϭϵϴϮͲ ^ůƵĚŐĞDĂŶĂŐĞŵĞŶƚ&ĂĐŝůŝƚŝĞƐ͖ůĂĐŬĂŶĚsĞĂƚĐŚ/ŶĐ͘ ϭϵϵϮͲ tĂƐƚĞǁĂƚĞƌdƌĞĂƚŵĞŶƚWůĂŶƚ>ĂďŽƌĂƚŽƌǇͬWƌĞƚƌĞĂƚŵĞŶƚ ZĞŵŽĚĞů͖sĂƵŐŚƚ&ƌǇĞ͘ DŝƐĐĞůůĂŶĞŽƵƐŝŵƉƌŽǀĞŵĞŶƚƐƉĞƌĨŽƌŵĞĚďǇůŽĐĂůĐŽŶƚƌĂĐƚŽƌ ƵŶĚĞƌĚŝƌĞĐƚŝŽŶŽĨƚŚĞůĂď^ƵƉĞƌǀŝƐŽƌĂŶĚ/ŶƚĞƌŶĂůŵĂŝŶƚĞŶĐĞďǇ ŝƚǇKΘDƉĞƌƐŽŶŶĞů͘ ƉƉůŝĐĂďůĞŽĚĞƐĂŶĚ^ƚĂŶĚĂƌĚƐ ϮϬϭϮ/ŶƚĞƌŶĂƚŝŽŶĂůƵŝůĚŝŶŐŽĚĞǁŝƚŚůŽĐĂůŵĞŶĚŵĞŶƚƐ ϮϬϭϮ/ŶƚĞƌŶĂƚŝŽŶĂůŶĞƌŐǇŽŶƐĞƌǀĂƚŝŽŶŽĚĞǁŝƚŚůŽĐĂů ŵĞŶĚŵĞŶƚƐ ϮϬϭϮ/ŶƚĞƌŶĂƚŝŽŶĂůDĞĐŚĂŶŝĐĂůŽĚĞǁŝƚŚůŽĐĂůŵĞŶĚŵĞŶƚƐ ϮϬϭϮ/ŶƚĞƌŶĂƚŝŽŶĂů&ƵĞů'ĂƐŽĚĞǁŝƚŚůŽĐĂůŵĞŶĚŵĞŶƚƐ ϮϬϭϮ/ŶƚĞƌŶĂƚŝŽŶĂůWůƵŵďŝŶŐŽĚĞ ϮϬϭϰEĂƚŝŽŶĂůůĞĐƚƌŝĐŽĚĞͲ ϮϬϭϳEĂƚŝŽŶĂůůĞĐƚƌŝĐŽĚĞ ;ĨĨĞĐƚŝǀĞ:ƵůǇϯ͕ϮϬϭϳͿ &ŽƌƚŽůůŝŶƐ͕ƵŝůĚŝŶŐĞƐŝŐŶΘŽŶƐƚƌƵĐƚŝŽŶ^ƚĂŶĚĂƌĚƐ;KĐƚŽďĞƌ ϮϬϭϯͿ ϱ ϲ ϮͬϮϱͬϮϬϭϵ ϰ ŝƐĐŝƉůŝŶĞ^ƵŵŵĂƌŝĞƐ W><ĞǇ&ŝŶĚŝŶŐƐ dŚĞŽǀĞƌĂůůW>ďƵŝůĚŝŶŐƐƚƌƵĐƚƵƌĞŝƐƐŽƵŶĚĂŶĚƐĂƚŝƐĨĂĐƚŽƌǇƚŽƉĞƌĨŽƌŵĐƵƌƌĞŶƚĨƵŶĐƚŝŽŶƐ͘ dŚĞĨĂĐŝůŝƚǇǁŝůůƌĞƋƵŝƌĞĂĐŽŵƉůĞƚĞŝŶƚĞƌŝŽƌƌĞŶŽǀĂƚŝŽŶĂŶĚĞǆƉĂŶƐŝŽŶƚŽŵĞĞƚĨƵƚƵƌĞŶĞĞĚƐ͘ ʹ ZĞĂůŝŐŶŵĞŶƚŽĨƐŽŵĞƌŽŽŵĨƵŶĐƚŝŽŶƐ͕ ʹ ZĞƉůĂĐĞŵĞŶƚŽĨĂůůŽĨƚŚĞůĂďŽƌĂƚŽƌǇĐĂƐĞǁŽƌŬĂŶĚĨŝǆƚƵƌĞƐ͘ ʹ 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ůĂĐŬŽĨĂŶŽǀĞƌĨůŽǁĚƌĂŝŶĂŶĚŽǀĞƌŚĂŶŐŝŶŐƚƌĞĞƐǁŝƚŚůĞĂǀĞƐĐůŽŐŐŝŶŐƚŚĞĚƌĂŝŶƐ͘KǀĞƌĨůŽǁĚƌĂŝŶƐĂƌĞ ƌĞƋƵŝƌĞĚďǇĐƵƌƌĞŶƚĐŽĚĞĂŶĚƉƌŽǀŝĚĞĚƌĂŝŶĂŐĞŝĨƚŚĞƉƌŝŵĂƌǇĚƌĂŝŶďĞĐŽŵĞƐĐůŽŐŐĞĚ͘ŶŽǀĞƌĨůŽǁĚƌĂŝŶ ŽƌƐĐƵƉƉĞƌŶĞĞĚƐƚŽďĞĂĚĚĞĚ͘ǆŝƐƚŝŶŐƌŽŽĨŵƵƐƚďĞƌĞƉůĂĐĞĚĚŽǁŶƚŽŵĞƚĂůĚĞĐŬ͘KƚŚĞƌŶĞǁĞƌ ƐĞĐƚŝŽŶƐŽĨƚŚĞďƵŝůĚŝŶŐĂƉƉĞĂƌĂĚĞƋƵĂƚĞůǇĚƌĂŝŶĂŶĚŝŶĨĂŝƌĐŽŶĚŝƚŝŽŶĂŶĚŵĂǇŶŽƚŶĞĞĚƌĞƉůĂĐĞŵĞŶƚ ƵŶůĞƐƐďƵŝůĚŝŶŐĚĞƉĂƌƚŵĞŶƚƌĞƋƵŝƌĞƐĞŶĞƌŐǇĐŽŶƐĞƌǀĂƚŝŽŶƵƉŐƌĂĚĞƐ͘^ŽŵĞƌŽŽĨĚƌĂŝŶƐƚƌĂŝŶĞƌƐŚĂǀĞ ďĞĞŶƌĞŵŽǀĞĚƚŚĞƐĞƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ͘ ǆƚĞƌŝŽƌ:ŽŝŶƚƐ͗ĂƵůŬŝŶŐŝŶĐŽŶƚƌŽůũŽŝŶƚƐĂŶĚĂƌŽƵŶĚĚŽŽƌƐ͕ůŽƵǀĞƌƐ͕ĂŶĚǁŝŶĚŽǁƐŚĂǀĞĨĂŝůĞĚĂŶĚ ƐŚŽƵůĚďĞƌĞŵŽǀĞĚĂŶĚƌĞƉůĂĐĞĚ͘ǆƉĂŶƐŝŽŶũŽŝŶƚƐŝŶĨůŽŽƌƐĂŶĚƌŽŽĨƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ͘ ǆƚĞƌŝŽƌtŝŶĚŽǁƐĂŶĚĚŽŽƌƐ͗tŝŶĚŽǁƐĂŶĚĚŽŽƌƐŝŶƚŚĞŶĞǁĞƌƉŽƌƚŝŽŶƐŽĨƚŚĞďƵŝůĚŝŶŐŚĂǀĞŝŶƐƵůĂƚĞĚ ŐůĂƐƐĂŶĚƚŚĞƌŵĂůůǇďƌŽŬĞŶǁŝŶĚŽǁƐ͘KůĚĞƐƚƐĞĐƚŝŽŶŽĨƚŚĞďƵŝůĚŝŶŐŚĂƐƐŝŶŐůĞƉĂŝŶŐůĂƐƐĂŶĚŶŽƚŚĞƌŵĂů ďƌĞĂŬŝŶƚŚĞĨƌĂŵĞĂŶĚƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ͘EŽŶĞŽĨƚŚĞďƵŝůĚŝŶŐƐŚĂǀĞĂŶĞĨĨĞĐƚŝǀĞƐŚĂĚŝŶŐĐŽĞĨĨŝĐŝĞŶƚ ƚŽůŝŵŝƚŚĞĂƚŐĂŝŶ͘^ĞĂůƐŽŶƐŽŵĞŽĨƚŚĞŝŶƐƵůĂƚĞĚŐůĂƐƐƉĂŶĞůƐǁŝŶĚŽǁƐŚĂǀĞĨĂŝůĞĚĂŶĚĂůůŽǁĞĚ 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d>ĂƚĞŐŽƌǇ ,ŽǁDĞĂƐƵƌĞĚ >ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ ^ŽĐŝĂů EƵŵďĞƌŽĨĂŶĂůǇƐĞƐĐŽŵƉůĞƚĞĚďǇƚŚŝƌĚƉĂƌƚǇůĂď &ƵƚƵƌĞĐĐƌĞĚŝƚĂƚŝŽŶ ^ŽĐŝĂů >Ăď͛ƐĂďŝůŝƚǇƚŽŵĞĞƚ/^K͕^ƚĂƚĞĂĐĐƌĞĚŝƚĂƚŝŽŶŽƌEĂƚŝŽŶĂůŶǀŝƌŽŶŵĞŶƚĂů>ĂďŽƌĂƚŽƌǇ ĐĐƌĞĚŝƚĂƚŝŽŶWƌŽŐƌĂŵ;E>WͿ &ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ ĐŽŶŽŵŝĐ ŽŶĨŝŐƵƌĂƚŝŽŶĂŶĚůŽĐĂƚŝŽŶĂůůŽǁƐĨŽƌĨƵƚƵƌĞĞǆƉĂŶƐŝŽŶĂŶĚͬŽƌƚŽŵĞĞƚĨƵƚƵƌĞ ĂŶĂůǇƚŝĐĂůŶĞĞĚƐ ŝƐƌƵƉƚŝŽŶŽĨ^ĞƌǀŝĐĞ ĐŽŶŽŵŝĐ ŵŽƵŶƚŽĨƚŝŵĞĞǆŝƐƚŝŶŐůĂďƐĞƌǀŝĐĞƐǁŽƵůĚďĞĚŝƐƌƵƉƚĞĚĚƵƌŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶ ^ŽƵƌĐĞƐŽĨ ŽŶƚĂŵŝŶĂƚŝŽŶ ŶǀŝƌŽŶŵĞŶƚ ďŝůŝƚǇŽĨƚŚĞůĂďƐƉĂĐĞƚŽƉƌĞǀĞŶƚͬĚĞƚĞƌŽƵƚƐŝĚĞƐŽƵƌĐĞƐŽĨĐŽŶƚĂŵŝŶĂƚŝŽŶ tŽƌŬŝŶŐ ŶǀŝƌŽŶŵĞŶƚ ŶǀŝƌŽŶŵĞŶƚ ďŝůŝƚǇŽĨƚŚĞůĂďƚŽƉƌŽǀŝĚĞĂŐŽŽĚǁŽƌŬŝŶŐĞŶǀŝƌŽŶŵĞŶƚƚŽƉĞƌĨŽƌŵŵŝƐƐŝŽŶĂŶĚ ĂƚƚƌĂĐƚĂŶĚŵĂŝŶƚĂŝŶƋƵĂůŝĨŝĞĚƐƚĂĨĨ WƌŽǆŝŵŝƚǇƚŽ ƵƐƚŽŵĞƌƐ ŶǀŝƌŽŶŵĞŶƚ ŝƐƚĂŶĐĞĨƌŽŵƉƌŝŵĂƌǇĐƵƐƚŽŵĞƌƐ;ƚƌĂǀĞůƚŝŵĞ͕ĞĨĨŝĐŝĞŶĐǇ͕ƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐͿ EĞǆƚ^ƚĞƉƐ YƵĞƐƚŝŽŶƐ͍ Ϯϯ Ϯϰ ϮͬϮϱͬϮϬϭϵ ϭϯ ǆĂŵƉůĞŽƐƚĞŶĞĨŝƚ^ƵŵŵĂƌǇ ʹ ĞĐŝƐŝŽŶŶĂůǇƐŝƐdŽŽů Ϯϱ ϮͬϮϱͬϮϬϭϵ ϭ tĂƚĞƌYƵĂůŝƚǇĂŶĚWŽůůƵƚŝŽŶŽŶƚƌŽů >ĂďŽƌĂƚŽƌǇDĂƐƚĞƌWůĂŶ ĞŶĞĨŝƚƌŝƚĞƌŝĂZĞǀŝĞǁDĞĞƚŝŶŐ ƵŐƵƐƚϵ͕ϮϬϭϳ ŐĞŶĚĂ DĞĞƚŝŶŐŐŽĂůƐ sŝƐŝŽŶ ŽƐƚĂƉƉƌŽĂĐŚ ĞŶĞĨŝƚĐƌŝƚĞƌŝĂ ʹ tY>ƐƚĂĨĨƐĐŽƌŝŶŐƌĞǀŝĞǁ ʹ W>ƐƚĂĨĨƐĐŽƌŝŶŐƌĞǀŝĞǁ ʹ DĂŶĂŐĞŵĞŶƚdĞĂŵĐƌŝƚĞƌŝĂƐĞůĞĐƚŝŽŶ tƌĂƉͲƵƉ ϭ Ϯ ϮͬϮϱͬϮϬϭϵ Ϯ DĞĞƚŝŶŐ'ŽĂůƐ ZĞǀŝĞǁƚŚĞƐƚĂĨĨͲǁĞŝŐŚƚĞĚďĞŶĞĨŝƚĐƌŝƚĞƌŝĂ ůŝŐŶǁŝƚŚƐƵƐƚĂŝŶĂďŝůŝƚǇd>ĐĂƚĞŐŽƌŝĞƐ ^ĞůĞĐƚĂŶĚǁĞŝŐŚƚƚŚĞďĞŶĞĨŝƚĐƌŝƚĞƌŝĂƚŽďĞƵƐĞĚŝŶƚŚĞ ůƚĞƌŶĂƚŝǀĞZĂŶŬŝŶŐƐ ŽŶĨŝƌŵďĞŶĞĨŝƚĐƌŝƚĞƌŝĂŵĞĂƐƵƌĞŵĞŶƚ sŝƐŝŽŶ͗tŽƌůĚͲĐůĂƐƐĨƵƚƵƌĞůĂďŽƌĂƚŽƌǇĂŶĂůǇƚŝĐĂů ƐĞƌǀŝĐĞƐĂŶĚǁŽƌŬƐƉĂĐĞĞŶǀŝƌŽŶŵĞŶƚ DĞĞƚƐ/^KϭϳϬϮϱŐĞŶĞƌĂůƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌƚŚĞĐŽŵƉĞƚĞŶĐĞŽĨ ƚĞƐƚŝŶŐĂŶĚĐĂůŝďƌĂƚŝŽŶůĂďŽƌĂƚŽƌŝĞƐ ʹ ƉƌŽǀŝĚĞƐƚƌĂŶƐƉĂƌĞŶĐǇ͕ƋƵĂůŝƚǇĂƐƐƵƌĂŶĐĞĂŶĚƉƌŽŵŽƚĞĚĞĨĞŶƐŝďůĞĚĂƚĂ ʹ ĚĞĨŝŶĞƐŵĂŶĂŐĞƌŝĂůƐǇƐƚĞŵƐĨŽƌƋƵĂůŝƚǇ͕ĂĚŵŝŶŝƐƚƌĂƚŝǀĞĨƵŶĐƚŝŽŶƐ͕ĂŶĚƚĞĐŚŶŝĐĂů ƌĞƋƵŝƌĞŵĞŶƚƐƚŽĂĐŚŝĞǀĞĂůĞǀĞůŽĨƋƵĂůŝƚǇĂŶĚĐŽŵƉĞƚĞŶĐǇĞƐƚĂďůŝƐŚĞĚďǇ/^K ƚƚƌĂĐƚƐĂŶĚƌĞƚĂŝŶƐĞŵƉůŽǇĞĞƐ DĂŝŶƚĂŝŶƐW,ĂŶĚWĐĞƌƚŝĨŝĐĂƚŝŽŶƐ /ŶĐůƵĚĞƐĂϮϬͲϯϬǇĞĂƌƉůĂŶŶŝŶŐŚŽƌŝǌŽŶĨŽƌĨĂĐŝůŝƚǇůŝĨĞ ĐŚŝĞǀĞƐ>;>ĞĂĚĞƌƐŚŝƉŝŶŶĞƌŐǇĂŶĚŶǀŝƌŽŶŵĞŶƚĂůĞƐŝŐŶͿ ĐĞƌƚŝĨŝĐĂƚŝŽŶ WƌŽǀŝĚĞƐĨůĞǆŝďůĞƵƐĞŽĨƐƉĂĐĞ ^ƵƉƉŽƌƚƐĂŶĂůǇƚŝĐĂůŶĞĞĚƐĂŶĚƌĞŐƵůĂƚŽƌǇĐŽŵƉůŝĂŶĐĞŵŽŶŝƚŽƌŝŶŐĨŽƌ ǁĂƚĞƌƌĞƐŽƵƌĐĞƐ͕ǁĂƚĞƌƚƌĞĂƚŵĞŶƚ͕ĚŝƐƚƌŝďƵƚŝŽŶ͕ĂŶĚǁĂƐƚĞǁĂƚĞƌ ƚƌĞĂƚŵĞŶƚŽƉĞƌĂƚŝŽŶƐ ϯ ϰ ϮͬϮϱͬϮϬϭϵ ϯ ŽƐƚƉƉƌŽĂĐŚ hƚŝůŝǌĞ,ϮDŚŝƐƚŽƌŝĐĂůĐŽƐƚƐĨŽƌĨůŽŽƌƐƉĂĐĞĚŝǀŝĚĞĚŝŶƚŽůĂď ĂŶĂůǇƚŝĐĂů͕ŽĨĨŝĐĞ͕ĂŶĚƐƵƉƉŽƌƚĐĂƚĞŐŽƌŝĞƐ ʹ ƉƉƌŽƉƌŝĂƚĞĨŽƌĂůƚĞƌŶĂƚŝǀĞƐĐƌĞĞŶŝŶŐ ŽůůĂďŽƌĂƚĞǁŝƚŚ,ǇĚƌŽŽŶƐƚƌƵĐƚŝŽŶƚŽƌĞĨŝŶĞĐŽƐƚĨĂĐƚŽƌƐĨŽƌ ůŽĐĂůĐŽŶĚŝƚŝŽŶƐĂŶĚƚŽĂĚĚƌĞƐƐŬĞǇƐŝƚĞĐŽŶƐƚƌĂŝŶƚƐ͕ŝŶĐůƵĚŝŶŐ͗ ʹ ĞŵŽůŝƚŝŽŶĂŶĚ,ĂǌĂƌĚĂďĂƚĞŵĞŶƚ ʹ hƚŝůŝƚǇƌĞůŽĐĂƚŝŽŶŽƌƉƌŽƚĞĐƚŝŽŶ ʹ &ŽƵŶĚĂƚŝŽŶĨĂĐƚŽƌƐ;Ğ͘Ő͘ƉŝĞƌƐĨŽƌtd&Ϳ ʹ ^ĐŚĞĚƵůĞĐŽŶƐƚƌƵĐƚŝŽŶĚƵƌĂƚŝŽŶ ĞƚĞƌŵŝŶĞĐĂƉŝƚĂůĐŽƐƚĨŽƌ/WƉůĂŶŶŝŶŐƚŚƌŽƵŐŚW^ƉƌŽĐĞƐƐ ĂŶĚĨŝŶĂůĂĚũƵĚŝĐĂƚŝŽŶŽĨůĂďĨĂĐŝůŝƚŝĞƐ tY>^ƚĂĨĨƌŝƚĞƌŝĂǀĂůƵĂƚŝŽŶ^ƵŵŵĂƌǇ ZĂŶŬ WĐƚ ƌŝƚĞƌŝĂ d>ĂƚĞŐŽƌǇ ,ŽǁDĞĂƐƵƌĞĚ͕ĞĨŝŶŝƚŝŽŶƐ ϭΎ ϮϬй ĐĐƌĞĚŝƚĂƚŝŽŶ ^ŽĐŝĂů ĚƌŝŶŬŝŶŐ ǁĂƚĞƌ ĂĐĐƌĞĚŝƚĂƚŝŽŶ ƚŝĞĚ ƚŽ ĂĚĚƌĞƐƐ͕ WͬW, ƵƉĚĂƚĞƐ ŝŶ ĨƵƚƵƌĞ ϭΎ ϮϬй >ĞǀĞůŽĨ KƵƚƐŽƵƌĐŝŶŐ ^ŽĐŝĂů ĐŝƚǇ ůĞƐƐ ĞǆƉĞŶƐŝǀĞ ƚŚĂŶ ŽƵƚƐŽƵƌĐŝŶŐ͕ ďĞƚƚĞƌ ƌĞƐƉŽŶƐĞ ƚŝŵĞ͕ ŵŽƌĞ ĞĨĨŝĐŝĞŶƚ͕ ďĞƚƚĞƌ ƋƵĂůŝƚǇ ĐŽŶƚƌŽů ĂŶĚ ĐƵƐƚŽŵĞƌ ƐĞƌǀŝĐĞ ϯΎ ϭϱй >ĞǀĞůŽĨ^ĞƌǀŝĐĞ ĐŽŶŽŵŝĐ ĚŝƐƌƵƉƚŝŽŶ ŽĨ ĞǆƉĞĐƚĞĚ ůĞǀĞů ŽĨ ƐĞƌǀŝĐĞ ϯΎ ϭϱй ^ŽƵƌĐĞƐŽĨ ŽŶƚĂŵŝŶĂƚŝŽŶ ŶǀŝƌŽŶŵĞŶƚĂů tt ŶĞǆƚ ƚŽ ĚƌŝŶŬŝŶŐ ǁĂƚĞƌ Ͳ ƐŽƵƌĐĞ ŽĨ ĐŽŶƚĂŵŝŶĂƚŝŽŶ͕ ďƵŝůĚŝŶŐ ŵĂƚĞƌŝĂůƐ͕ ŽƚŚĞƌ ŵĂƚĞƌŝĂůƐͬŝƐƐƵĞƐ ŝŶ ƚŚĞ ƐƵƌƌŽƵŶĚŝŶŐƐ ϯΎ ϭϱй tŽƌŬŝŶŐ ŶǀŝƌŽŶŵĞŶƚ ŶǀŝƌŽŶŵĞŶƚĂů ϲ ϭϬй &ĂĐŝůŝƚǇ &ůĞǆŝďŝůŝƚǇ ĐŽŶŽŵŝĐ ƐĞĐƵƌŝƚǇ͕ ĐƵƐƚŽŵĞƌ ĂĐĐĞƐƐ͕ ƚƌĂĨĨŝĐ ĐŽŶŐĞƐƚŝŽŶ ǁŚĞŶ ƚƌĂǀĞůŝŶŐ ĨŽƌ ƐĂŵƉůŝŶŐ ϳϱй WƌŽǆŝŵŝƚǇƚŽ ƵƐƚŽŵĞƌƐ ŶǀŝƌŽŶŵĞŶƚĂů ůŽĐĂƚŝŽŶ ƚŽ ĂĐĐĞƐƐ ƐĂŵƉůĞ ƐŝƚĞƐ ĂŶĚ ĐƵƐƚŽŵĞƌ ĂĐĐĞƐƐ ΎƚŝĞ ϱ ϲ ϮͬϮϱͬϮϬϭϵ ϰ W>^ƚĂĨĨƌŝƚĞƌŝĂǀĂůƵĂƚŝŽŶ^ƵŵŵĂƌǇ ZĂŶŬ WĐƚ ƌŝƚĞƌŝĂ d>ĂƚĞŐŽƌǇ ,ŽǁDĞĂƐƵƌĞĚ͕ĞĨŝŶŝƚŝŽŶƐ ϭΎ ϯϬй ĐĐƌĞĚŝƚĂƚŝŽŶ ^ŽĐŝĂů ĂĐĐƌĞĚŝƚĞĚĨŽƌƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐĂŶĚǁŽƌůĚͲĐůĂƐƐ͕ŽŶĞͲƐƚŽƉ ƐŚŽƉ͕ŽƵƚƐŽƵƌĐĞĂĐĐƌĞĚŝƚĂƚŝŽŶͲ ƌŝƐŬŽĨŽƵƚƐŽƵƌĐĞĐŽŵƉĂŶǇ͕ ĐůĞĂŶƌŽŽŵ͕ĞǆƉĂŶƐŝŽŶͲ ĨƵƚƵƌĞĂŶĂůǇƐŝƐ >ĞǀĞůŽĨ KƵƚƐŽƵƌĐŝŶŐ ^ŽĐŝĂů ĐŽƐƚĞĨĨĞĐƚŝǀĞ͕ĐƵƐƚŽŵĞƌƐĞƌǀŝĐĞ͕ƚŝŵĞůŝŶĞƐƐ͕ŶĞǁůĂďͲ ĚŽ ŵŽƌĞĂŶĂůǇƐĞƐ͕ŶĞǁĞƋƵŝƉŵĞŶƚ͕ĨƌĞƋƵĞŶĐǇŽĨƚĞƐƚŝŶŐ ϭΎ ϯϬй tŽƌŬŝŶŐ ŶǀŝƌŽŶŵĞŶƚ ŶǀŝƌŽŶŵĞŶƚĂů ƐĂĨĞƚǇ͕ƐĞƚƵƉ͕ĂŝƌƋƵĂůŝƚǇ͕ǁŽƌŬĨůŽǁ͕ůĂďĐƵůƚƵƌĞ ϯ Ϯϱй >ĞǀĞůŽĨ^ĞƌǀŝĐĞ ĐŽŶŽŵŝĐ ŝƚǇĐƌŝƚĞƌŝĂͬĞǆƉĞĐƚĂƚŝŽŶƐ͕ĐĂƌŝŶŐ͕ƌĞƐƉŽŶƐŝǀĞŶĞƐƐ͕ĂĚĂƉƚĂďůĞ͕ ƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚĐŽŵŵƵŶŝƚǇ WƌŽǆŝŵŝƚǇƚŽ ƵƐƚŽŵĞƌƐ ŶǀŝƌŽŶŵĞŶƚĂů ĐƵƐƚŽŵĞƌƐŽŶƐŝƚĞ͕ŝ͘Ğ͕͘KƉƐ͕ƐŽƚŚĞƌĞŝƐŝŶƚĞƌĂĐƚŝŽŶǁŝƚŚ ĐƵƐƚŽŵĞƌƐŽŶƐŝƚĞĂŶĚŚĂǀĞŬŶŽǁůĞĚŐĞ͕ĐŽŵŵƵŶŝĐĂƚŝŽŶǁŝƚŚ ŽŶƐŝƚĞĐƵƐƚŽŵĞƌƐ ϰ ϭϱй &ĂĐŝůŝƚǇ &ůĞǆŝďŝůŝƚǇ ĐŽŶŽŵŝĐ ĂĚĂƉƚĂďŝůŝƚǇŽĨƉĞŽƉůĞ͕ƐƚƌƵĐƚƵƌĞĂŶĚƐŝƚĞ͖ƐĂŵƉůĞĚĞůŝǀĞƌǇ ĂŶĚƌĞĐĞŝǀŝŶŐ͕ĂďŝůŝƚǇƚŽĞǆƉĂŶĚ ŶͬĂ Ϭй ^ŽƵƌĐĞƐŽĨ ŽŶƚĂŵŝŶĂƚŝŽŶ ŶǀŝƌŽŶŵĞŶƚĂů ƐĞƉĂƌĂƚĞƌŽŽŵƐďǇŝŶƐƚƌƵŵĞŶƚĂƚŝŽŶ͕ŝƚĚŝĚŶŽƚĂƉƉĞĂƌĂ ĐŽŶĐĞƌŶĨŽƌĞǆŝƐƚŝŶŐůĂďƐ͕ŝ͘Ğ͕͘>ŽŶŐŵŽŶƚĂŶĚŽůŽƌĂĚŽ ^ƉƌŝŶŐƐ͕ƚŚĞǇƚŽŽŬĂƉƉƌŽƉƌŝĂƚĞŵĞĂƐƵƌĞƐ ΎƚŝĞ ƌŝƚĞƌŝĂ^ĞůĞĐƚŝŽŶ ĚĚŝƚŝŽŶĂůƌĞĐŽŵŵĞŶĚĞĚĐƌŝƚĞƌŝĂĨŽƌĐŽŶƐŝĚĞƌĂƚŝŽŶ ʹ WƌŽǆŝŵŝƚǇƚŽƵƐƚŽŵĞƌƐ;ŝŶĚĞƉĞŶĚĞŶƚŽĨŽƚŚĞƌĐƌŝƚĞƌŝĂͿ td&ĂŶĚtZ&ĂƌĞƚŚĞƉƌŝŵĂƌǇĐƵƐƚŽŵĞƌƐǁŝƚŚƐƚĂŬĞŚŽůĚĞƌƐĐŽŶƐŝƐƚŝŶŐŽĨ͗ hƚŝůŝƚǇĐƵƐƚŽŵĞƌƐ͕ŬĞǇĂĐĐŽƵŶƚƐ͕ǁĂƚĞƌƐŚĞĚŐƌŽƵƉƐ͕ĂŶĚŽƵƚƐŝĚĞhƚŝůŝƚǇĚŝƐƚƌŝĐƚƐ͘ ,ŽǁŝŵƉŽƌƚĂŶƚŝƐŝƚƚŽďĞůŽĐĂƚĞĚĂƚŽŶĞŽƌďŽƚŚƐŝƚĞƐ͍;ƉƌŽĐĞƐƐĂƐƐŝƐƚĂŶĐĞ͕ ƐĂŵƉůĞĐŽůůĞĐƚŝŽŶĞĂƐĞ͕ĂŶĚĐŽŽƌĚŝŶĂƚŝŽŶͿ ʹ ŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌǇ͗ WƌŽŵŽƚĞƐĞĨĨŝĐŝĞŶƚƵƐĞŽĨƐƚĂĨĨĂŶĚĞƋƵŝƉŵĞŶƚ͕ĞůŝŵŝŶĂƚĞƐĚƵƉůŝĐĂƚŝŽŶ͕ĂůůŽǁƐ ĨŽƌĐƌŽƐƐƚƌĂŝŶŝŶŐĂŶĚĨůĞǆŝďůĞƌĞƐŽƵƌĐĞƐ͕ŝŵƉƌŽǀĞƐŝŶƚĞƌŶĂůůĂďĐŽŽƌĚŝŶĂƚŝŽŶ͕ ĞůŝŵŝŶĂƚĞƐƐŝůŽŽƌŐĂŶŝǌĂƚŝŽŶ͕ďĞƚƚĞƌƐƵƉƉŽƌƚƐ/^K͕ƌĞĚƵĐĞƐŵĂŶĂŐĞƌŝĂůƐƚĂĨĨ ƚƌĂǀĞů͕ ůŝŵŝŶĂƚĞƐĚĂǇƚŽĚĂǇĐŽŽƌĚŝŶĂƚŝŽŶǁŝƚŚŽƉĞƌĂƚŝŽŶƐĨŽƌƐŽŵĞƐƚĂĨĨ͘EŽƚĂƐ ĐŽŶŶĞĐƚĞĚƚŽƚƌĞĂƚŵĞŶƚƉƌŽĐĞƐƐ͘ ϳ ϴ ϮͬϮϱͬϮϬϭϵ ϱ ƌŝƚĞƌŝĂĞĨŝŶŝƚŝŽŶ EŽŶͲDŽŶĞƚĂƌǇ ĞŶĞĨŝƚƌŝƚĞƌŝĂ d> ĂƚĞŐŽƌǇ ,ŽǁDĞĂƐƵƌĞĚ ͘>ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ ^ŽĐŝĂů EƵŵďĞƌŽĨĂŶĂůǇƐĞƐĐŽŵƉůĞƚĞĚďǇƚŚŝƌĚƉĂƌƚǇůĂď͖ŝŶĐƌĞĂƐĞĚƌŝƐŬĂŶĚůŽǁĞƌ ƐĞƌǀŝĐĞͬdKdĨƌŽŵŽƵƚƐŝĚĞůĂďƐ΀ůŽǁĞƌƐĐŽƌĞďĞƚƚĞƌ΁ ͘&ƵƚƵƌĞĐĐƌĞĚŝƚĂƚŝŽŶ ^ŽĐŝĂů >Ăď͛ƐĂďŝůŝƚǇƚŽŵĞĞƚ/^K͕^ƚĂƚĞĂĐĐƌĞĚŝƚĂƚŝŽŶŽƌEĂƚŝŽŶĂůŶǀŝƌŽŶŵĞŶƚĂů >ĂďŽƌĂƚŽƌǇĐĐƌĞĚŝƚĂƚŝŽŶWƌŽŐƌĂŵ;E>WͿ͖ŚŝŐŚͬŵĞĚŝƵŵͬůŽǁĂďŝůŝƚǇ΀ŚŝŐŚĞƌ ƐĐŽƌĞďĞƚƚĞƌ΁ ͘&ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ ĐŽŶŽŵŝĐ ŽŶĨŝŐƵƌĂƚŝŽŶĂŶĚůŽĐĂƚŝŽŶĂůůŽǁƐĨŽƌĨƵƚƵƌĞĞǆƉĂŶƐŝŽŶĂŶĚͬŽƌƚŽŵĞĞƚĨƵƚƵƌĞ ĂŶĂůǇƚŝĐĂůŶĞĞĚƐ͖ŚŝŐŚͬŵĞĚŝƵŵͬůŽǁĨůĞǆŝďŝůŝƚǇ΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁ ͘ŝƐƌƵƉƚŝŽŶŽĨ^ĞƌǀŝĐĞ ĐŽŶŽŵŝĐ ŵŽƵŶƚŽĨƚŝŵĞĞǆŝƐƚŝŶŐůĂďƐĞƌǀŝĐĞƐǁŽƵůĚďĞĚŝƐƌƵƉƚĞĚĚƵƌŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶ͖ ŶƵŵďĞƌŽĨŵŽŶƚŚƐŽĨŝŵƉĂĐƚ ƚŽƐĞƌǀŝĐĞƐ΀ůŽǁĞƌƐĐŽƌĞďĞƚƚĞƌ΁ ͘^ŽƵƌĐĞƐŽĨ ŽŶƚĂŵŝŶĂƚŝŽŶ ŶǀŝƌŽŶŵĞŶƚ ďŝůŝƚǇŽĨƚŚĞůĂďƐƉĂĐĞƚŽƉƌĞǀĞŶƚͬĚĞƚĞƌŽƵƚƐŝĚĞƐŽƵƌĐĞƐŽĨĐŽŶƚĂŵŝŶĂƚŝŽŶ͖ ŶƵŵďĞƌŽĨ ĐƌŽƐƐͲĐŽŶƚĂŵŝŶĂƚŝŽŶƉŽƚĞŶƚŝĂůƐ΀ůŽǁĞƌƐĐŽƌĞďĞƚƚĞƌ΁ &͘tŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ ŶǀŝƌŽŶŵĞŶƚ ďŝůŝƚǇŽĨƚŚĞůĂďƚŽƉƌŽǀŝĚĞĂŐŽŽĚǁŽƌŬŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂƚĂĚĞƐŝƌĞĚůŽĐĂƚŝŽŶ ƚŽƉĞƌĨŽƌŵŵŝƐƐŝŽŶĂŶĚĂƚƚƌĂĐƚĂŶĚŵĂŝŶƚĂŝŶƋƵĂůŝĨŝĞĚƐƚĂĨĨ͖ŚŝŐŚͬŵĞĚŝƵŵͬůŽǁ ĂƐƐĞƐƐŵĞŶƚ ΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁ '͘WƌŽǆŝŵŝƚǇƚŽ ƵƐƚŽŵĞƌƐ ŶǀŝƌŽŶŵĞŶƚ ŝƐƚĂŶĐĞĨƌŽŵƉƌŝŵĂƌǇĐƵƐƚŽŵĞƌƐ;ŽƉĞƌĂƚŝŽŶƐͬƉƌŽĐĞƐƐĐŽŽƌĚŝŶĂƚŝŽŶ͕ƚƌĂǀĞů ƚŝŵĞ͕ĞĨĨŝĐŝĞŶĐǇ͕ƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞŐĂƐͿ͖ƉĞƌĐĞŶƚĂŐĞŽĨĐƵƐƚŽŵĞƌƐĂŵƉůĞ ǀŽůƵŵĞĂƚůĂďƐŝƚĞ ΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁ ,͘ŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌǇ ĞŶĞĨŝƚ ^ŽĐŝĂů WƌŽŵŽƚĞƐĞĨĨŝĐŝĞŶƚƵƐĞŽĨƐƚĂĨĨĂŶĚĞƋƵŝƉŵĞŶƚ͕ĞůŝŵŝŶĂƚĞƐĚƵƉůŝĐĂƚŝŽŶ͕ĂůůŽǁƐ ĨŽƌĐƌŽƐƐƚƌĂŝŶŝŶŐĂŶĚĨůĞǆŝďůĞƌĞƐŽƵƌĐĞƐ͕ŝŵƉƌŽǀĞƐŝŶƚĞƌŶĂůůĂďĐŽŽƌĚŝŶĂƚŝŽŶ͕ ĞůŝŵŝŶĂƚĞƐƐŝůŽŽƌŐĂŶŝǌĂƚŝŽŶ͕ďĞƚƚĞƌƐƵƉƉŽƌƚƐ/^K͕ƌĞĚƵĐĞƐŵĂŶĂŐĞƌŝĂůƐƚĂĨĨ ƚƌĂǀĞůŐŽŽĚͬďĞƚƚĞƌͬďĞƐƚ ŽƌŐĂŶŝǌĂƚŝŽŶ΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁ ƌŝƚĞƌŝĂtĞŝŐŚƚŝŶŐǆĞƌĐŝƐĞ 'ŽĂů͗ĞƐƚĂďůŝƐŚǁĞŝŐŚƚŝŶŐĨŽƌĞĂĐŚĐƌŝƚĞƌŝŽŶ 'ƌŽƵƉĞǆĞƌĐŝƐĞ ϵ ϭϬ ϮͬϮϱͬϮϬϭϵ ϲ tƌĂƉͲƵƉ ǆĂŵƉůĞŽƐƚͬĞŶĞĨŝƚƐƵŵŵĂƌǇĨƌŽŵĚĞĐŝƐŝŽŶĂŶĂůǇƐŝƐƚŽŽů ůƚĞƌŶĂƚŝǀĞƐĐŽƌŝŶŐĂƚϴͬϭϴǁŽƌŬƐŚŽƉ ůƚĞƌŶĂƚŝǀĞϭϲ ůƚĞƌŶĂƚŝǀĞϮϰ ǆƚƌĂ^ůŝĚĞƐ ϭϭ ϭϮ ϮͬϮϱͬϮϬϭϵ ϳ ŽŵŵĞƌĐŝĂůDĂƌŬĞƚsĂůƵĞŶĂůǇƐŝƐͲ KƵƚƐŽƵƌĐŝŶŐ W>Ͳ ƋƵŝǀĂůĞŶƚŽŵŵĞƌĐŝĂůsĂůƵĞ;ŝĨŽƵƚƐŽƵƌĐĞĚͿŽĨŶĂůǇƐĞƐ͗ 'ĞŶĞƌĂůͬtĞƚŚĞŵŝƐƚƌǇŶĂůǇƐĞƐ Ψϱϯϵ͕ϲϮϮ ͬǇĞĂƌ DĞƚĂůƐŶĂůǇƐĞƐ Ψϰϴϯ͕ϴϱϱ ͬǇĞĂƌ ĂĐƚĞƌŝŽůŽŐŝĐĂůŶĂůǇƐĞƐ Ψϯϲ͕ϮϬϬ ͬǇĞĂƌ sKΘ^sKKƌŐĂŶŝĐƐŶĂůǇƐĞƐ Ψϭϱ͕ϴϭϮ ͬǇĞĂƌ ŝŽĂƐƐĂǇͲdŽǆŝĐŝƚǇŶĂůǇƐĞƐ ΨϮϵ͕ϴϬϬ ͬǇĞĂƌ dŽƚĂůƐƚŝŵĂƚĞĚŽŵŵĞƌĐŝĂůsĂůƵĞс Ψϭ͕ϭϬϱ͕Ϯϴϵ ͬǇĞĂƌ tY>Ͳ ƋƵŝǀĂůĞŶƚŽŵŵĞƌĐŝĂůsĂůƵĞ;ŝĨŽƵƚƐŽƵƌĐĞĚͿŽĨŶĂůǇƐĞƐ͗ 'ĞŶĞƌĂůͬtĞƚŚĞŵŝƐƚƌǇŶĂůǇƐĞƐ Ψϰϳϱ͕ϳϬϰ ͬǇĞĂƌ DĞƚĂůƐŶĂůǇƐĞƐ Ψϵϴ͕ϲϵϬ ͬǇĞĂƌ ĂĐƚĞƌŝŽůŽŐŝĐĂůŶĂůǇƐĞƐ Ψϭϭϯ͕ϱϲϴ ͬǇĞĂƌ sKΘ^sKKƌŐĂŶŝĐƐŶĂůǇƐĞƐ Ψϭϯϳ͕ϱϯϬ ͬǇĞĂƌ dŽƚĂůƐƚŝŵĂƚĞĚŽŵŵĞƌĐŝĂůsĂůƵĞс ΨϴϮϱ͕ϰϵϭ ͬǇĞĂƌ ǆƚƌĂDĂŶƉŽǁĞƌ;ĂƐƐŽĐŝĂƚĞĚǁŝƚŚĂƉƌŽŐƌĂŵŽĨĨƵůůŽƵƚƐŽƵƌĐŝŶŐͿ &ƵŶĐƚŝŽŶ ,ŽƵƌůǇ ƌĂƚĞ ƵƌĚĞŶĞĚ ;Λϭ͘ϱͿŚŽƵƌůǇ ƌĂƚĞ W> tY> dŽƚĂů ,ŽƵƌƐ sĂůƵĞŽĨ ǆƚƌĂ DĂŶƉŽǁĞƌ &d ,ŽƵƌƐ &d ,ŽƵƌƐ Ͳ^ĂŵƉůĞDĂŶĂŐĞŵĞŶƚ ΨϮϱ Ψϯϴ ϭ ϮϬϴϬ ϭ ϮϬϴϬ ϰϭϲϬ Ψϭϱϲ͕ϬϬϬ ͲĂƚĂƐƐĞƐƐŵĞŶƚΘ ĂƚĂDĂŶĂŐĞŵĞŶƚ Ψϯϱ Ψϱϯ ϭ ϮϬϴϬ ϭ ϮϬϴϬ ϰϭϲϬ ΨϮϭϴ͕ϬϬϬ ͲŽŶƚƌĂĐƚĚŵŝŶ ;ĐŽŶƚƌĂĐƚŝŶŐ͕ƉĂǇĂďůĞƐ͕ ĞƚĐ͘Ϳ ΨϯϬ Ψϰϱ Ϭ͘ϭ ϮϬϴ Ϭ͘ϭ ϮϬϴ ϰϭϲ Ψϭϴ͕ϳϮϬ dŽƚĂůsĂůƵĞŽĨǆƚƌĂDĂŶƉŽǁĞƌс Ψϯϵϯ͕ϭϮϬ ƐƚŝŵĂƚĞĚdŽƚĂůƋƵŝǀĂůĞŶƚŽŵŵĞƌĐŝĂůsĂůƵĞŽĨW>ĂŶĚtY>ŶĂůǇƐĞƐнsĂůƵĞŽĨƚŚĞǆƚƌĂ DĂŶƉŽǁĞƌEĞĞĚĞĚĨŽƌĂWƌŽŐƌĂŵŽĨ&ƵůůKƵƚƐŽƵƌĐŝŶŐс ΨϮ͕ϯϮϯ͕ϵϬϬͬǇĞĂƌ ϭϯ ϮͬϮϱͬϮϬϭϵ ϭ tĂƚĞƌYƵĂůŝƚǇ>ĂďŽƌĂƚŽƌǇĂŶĚWŽůůƵƚŝŽŶ ŽŶƚƌŽů>ĂďŽƌĂƚŽƌǇDĂƐƚĞƌWůĂŶ ůƚĞƌŶĂƚŝǀĞ^ĐŽƌŝŶŐĂŶĚ^ĞůĞĐƚŝŽŶtŽƌŬƐŚŽƉ ƵŐƵƐƚϭϴ͕ϮϬϭϳ ŐĞŶĚĂ KďũĞĐƚŝǀĞƐ ^ƵŵŵĂƌǇŽĨŽŶĚŝƚŝŽŶƐƐĞƐƐŵĞŶƚ&ŝŶĚŝŶŐƐ ǆƚĞƌŶĂůDĂƌŬĞƚsĂůƵĞŽĨƵƌƌĞŶƚŶĂůǇƚŝĐĂů^ĞƌǀŝĐĞƐ ůƚĞƌŶĂƚŝǀĞƐǀĂůƵĂƚŝŽŶ ʹ ůƚĞƌŶĂƚŝǀĞƐ ʹ EŽŶͲDŽŶĞƚĂƌǇƌŝƚĞƌŝĂ ʹ ůƚĞƌŶĂƚŝǀĞƐ^ĐŽƌŝŶŐ ʹ ŽŶĐĞƉƚƵĂůŽƐƚƐ ʹ ĞŶĞĨŝƚͬŽƐƚŶĂůǇƐŝƐ ZĞĐŽŵŵĞŶĚĂƚŝŽŶƐ EĞǆƚ^ƚĞƉƐ ϭ Ϯ ϮͬϮϱͬϮϬϭϵ Ϯ KďũĞĐƚŝǀĞƐ WƌŽũĞĐƚKďũĞĐƚŝǀĞ͗ WƌŽǀŝĚĞǁŽƌůĚĐůĂƐƐůĂďŽƌĂƚŽƌǇ;ŝĞƐͿ tŽƌŬƐŚŽƉKďũĞĐƚŝǀĞƐ͗ WƌĞƐĞŶƚĂůƚĞƌŶĂƚŝǀĞƐ ZĞǀŝĞǁǁĞŝŐŚƚĞĚŶŽŶͲŵŽŶĞƚĂƌǇĐƌŝƚĞƌŝĂ ^ĐŽƌĞƚŚĞĂůƚĞƌŶĂƚŝǀĞƐƉĞƌƚĂŝŶŝŶŐƚŽƚŚĞĐƌŝƚĞƌŝĂ ZĞǀŝĞǁŝŶŝƚŝĂůďĞŶĞĨŝƚĐŽƐƚĂŶĂůǇƐŝƐ /ĚĞŶƚŝĨǇƌĞĨŝŶĞŵĞŶƚƐƚŽĂůƚĞƌŶĂƚŝǀĞƐ tY>ΘW>͗tŽƌĚůĂƐƐ>ĂďŽƌĂƚŽƌǇ&ĂĐŝůŝƚŝĞƐ tŽƌůĚůĂƐƐ >ĂďŽƌĂƚŽƌǇ &ĂĐŝůŝƚǇ ^ŝƚŝŶŐ͗ /ŶƚĞŶƚŝŽŶĂůĨĂĐŝůŝƚǇ ůŽĐĂƚŝŽŶ͕ĂĐĐĞƐƐ͕ΘƐŝƚĞ ĐŽŶƐƚƌĂŝŶƚƐ ĨĨŝĐŝĞŶĐǇ͗ ĨĨŝĐŝĞŶƚƉĞƌĨŽƌŵĂŶĐĞĚƌŝǀĞŶ ƐŝǌŝŶŐĂŶĚĐŽŶĨŝŐƵƌĂƚŝŽŶƚŽ ďĞƐƚƐĞƌǀĞŵŝƐƐŝŽŶ ^ƉĂĐĞWůĂŶŶŝŶŐƐƵƉƉŽƌƚŝŶŐ͗ ĂůůĐƌŝƚŝĐĂůǁŽƌŬĨƵŶĐƚŝŽŶƐ ĂůůŶĞĐĞƐƐĂƌǇƐƵƉƉŽƌƚ ĨƵŶĐƚŝŽŶƐ ŚƵŵĂŶĞǆƉĞƌŝĞŶĐĞΘ ŝŶƚĞƌĂĐƚŝŽŶƐĐŽŵĨŽƌƚƐ͕ WƌŽĚƵĐƚŝǀŝƚǇ &ůĞǆŝďŝůŝƚǇĨŽƌĐŚĂŶŐĞĂŶĚ ŐƌŽǁƚŚ KƉĞƌĂƚŝŽŶƐ͗ WůĂŶŶŝŶŐƌĞƐƉŽŶƐŝǀĞƚŽ ŽƉĞƌĂƚŝŽŶƐΘĨĂĐŝůŝƚĂƚĞƐǁŽƌŬ ĨůŽǁ/^KŶĚ^ƚĂƚĞ ĐĐƌĞĚŝƚĂƚŝŽŶ ƌĐŚŝƚĞĐƚƵƌĞ͗ WĞƌĨŽƌŵĂŶĐĞĚƌŝǀĞŶ 'ŽŽĚƵƐĞŽĨƉƵďůŝĐ ĚŽůůĂƌƐ >ĐƌŝƚĞƌŝĂ ƵƌĂďůĞŵĂƚĞƌŝĂůƐ ŽŵƉůĞŵĞŶƚĂƌǇƚŽ ƐƵƌƌŽƵŶĚŝŶŐĨĂĐŝůŝƚŝĞƐ ZĞĨůĞĐƚ&ƚŽůůŝŶƐ ŵŝƐƐŝŽŶΘĐƵůƚƵƌĞ ^ǇƐƚĞŵƐWĞƌĨŽƌŵĂŶĐĞ͗ ŶĞƌŐǇĐŽĚĞ >ĂďŽƌĂƚŽƌǇĞŶǀŝƌŽŶŵĞŶƚƐ WƌŽĐĞƐƐƉŝƉŝŶŐ ůĞĐƚƌŝĐĂů DĞĐŚĂŶŝĐĂů WůƵŵďŝŶŐ ^ƵƐƚĂŝŶĂďŝůŝƚǇ͗ ZĞŐŝŽŶĂůůǇƌĞƐƉŽŶƐŝǀĞ ƐŝƚĞĐŝǀŝůĂŶĚůĂŶĚƐĐĂƉĞ ,ĞĂůƚŚĂŶĚ^ĂĨĞƚǇ͗ ϮͬϮϱͬϮϬϭϵ ϯ ^ƵŵŵĂƌǇŽĨŽŶĚŝƚŝŽŶƐƐĞƐƐŵĞŶƚ&ŝŶĚŝŶŐƐ dŚĞŽǀĞƌĂůůďƵŝůĚŝŶŐƐƚƌƵĐƚƵƌĞƐĂƌĞƐŽƵŶĚĂŶĚƐĂƚŝƐĨĂĐƚŽƌǇƚŽƉĞƌĨŽƌŵĐƵƌƌĞŶƚĨƵŶĐƚŝŽŶƐ͘ dŚĞĨĂĐŝůŝƚŝĞƐǁŝůůƌĞƋƵŝƌĞĐŽŵƉůĞƚĞŝŶƚĞƌŝŽƌƌĞŶŽǀĂƚŝŽŶĂŶĚĞǆƉĂŶƐŝŽŶƚŽŵĞĞƚĨƵƚƵƌĞŶĞĞĚƐ͘ ʹ ZĞĂůŝŐŶŵĞŶƚŽĨƐŽŵĞƌŽŽŵĨƵŶĐƚŝŽŶƐ͕ ʹ ZĞƉůĂĐĞŵĞŶƚŽĨĂůůŽĨƚŚĞůĂďŽƌĂƚŽƌǇĐĂƐĞǁŽƌŬĂŶĚĨŝǆƚƵƌĞƐ͘ ʹ ůůŝŶƚĞƌŝŽƌĨŝŶŝƐŚĞƐ;ƉĂƌƚŝƚŝŽŶƐ͕ĐĞŝůŝŶŐƐĂŶĚĨůŽŽƌŝŶŐͿŶĞĞĚƚŽďĞƌĞƉĂŝƌĞĚĂŶĚͬŽƌƌĞƉůĂĐĞĚ͕ĂŶĚƌĞƐƵƌĨĂĐĞĚ͘ ʹ ^ŽŵĞŵĞĐŚĂŶŝĐĂůĞƋƵŝƉŵĞŶƚŶĞĞĚƐƌĞƉůĂĐĞŵĞŶƚ͘ ʹ dŚĞĞůĞĐƚƌŝĐĂůƐǇƐƚĞŵŶĞĞĚĐŽĚĞƵƉĚĂƚĞƐĂŶĚƌĞƉůĂĐĞŵĞŶƚŽĨĂŐĞĚĞƋƵŝƉŵĞŶƚ͘ ʹ dŚĞƌŽŽĨƐǇƐƚĞŵƐŶĞĞĚƐƚŽďĞƌĞƉůĂĐĞĚĚŽǁŶƚŽƚŚĞĚĞĐŬ͘ ʹ ǆƚĞƌŝŽƌďƌŝĐŬĂŶĚĐŽŶĐƌĞƚĞĐůĂĚĚŝŶŐŶĞĞĚƚŽďĞƌĞƉŽŝŶƚĞĚĂŶĚƌĞƐĞĂůĞĚĂƚũŽŝŶƚƐĂĐƌŽƐƐĂůůĨĂĐĂĚĞƐ͘ ʹ ƐďĞƐƚŽƐĂŶĚ,ĂǌĂƌĚŽƵƐŵĂƚĞƌŝĂůĂďĂƚĞŵĞŶƚ ŶŚĂŶĐĞĚƉĞƌƐŽŶŶĞůǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚƐĂŶĚĞŶĞƌŐǇĐŽĚĞƌĞƋƵŝƌĞŵĞŶƚƐǁŝůůĚƌŝǀĞƚŚĞ ƌĞŶŽǀĂƚŝŽŶƐ ʹ /ŵƉƌŽǀĞůĂďǁŽƌŬĨůŽǁƐ͕ĞĨĨŝĐŝĞŶĐǇĂŶĚƉŽƐŝƚŝŽŶƚŚĞůĂďĨŽƌ/^Kͬ/ϭϳϬϮϱĂĐĐƌĞĚŝƚĂƚŝŽŶ͕ ʹ ĂĚĚŝƚŝŽŶŽĨĂƐĂŵƉůĞƐŚŝƉƉŝŶŐͬƌĞĐĞŝǀŝŶŐĂƌĞĂ͕ĂĚĞĚŝĐĂƚĞĚƐĞĐƵƌĞƌĞĐŽƌĚƐƐƚŽƌĂŐĞƌŽŽŵ͕ĂƵƉĚĂƚĞĚƐĞĐƵƌĞ ĐŚĞŵŝĐĂůͬŐĂƐƐƚŽƌĂŐĞƌŽŽŵĂŶĚĂĚĚŝƚŝŽŶĂůĐŽǀĞƌĞĚ;ĞŶĐůŽƐĞĚͿǀĞŚŝĐƵůĂƌƉĂƌŬŝŶŐ͘ dŚĞƐŝƚĞƉƌŽǀŝĚĞƐƐŽŵĞĐĂƉĂďŝůŝƚǇĨŽƌƚŚĞďƵŝůĚŝŶŐĞǆƉĂŶƐŝŽŶƚŽƚŚĞEŽƌƚŚĂŶĚ^ŽƵƚŚďƵƚŝƐ ĐŽŶĨŝŶĞĚďǇƌŽĂĚǁĂǇƐ͕ƵƚŝůŝƚŝĞƐĂŶĚĂĚũĂĐĞŶƚƉƌŽĐĞƐƐƐƚƌƵĐƚƵƌĞƐ͘ ƌĂŝŶĂŐĞĂŶĚĂĐĐĞƐƐŝŵƉƌŽǀĞŵĞŶƚƌĞƋƵŝƌĞĚ͘ ǆƚĞƌŶĂůDĂƌŬĞƚsĂůƵĞŽĨƵƌƌĞŶƚŶĂůǇƚŝĐĂů^ĞƌǀŝĐĞƐ W>Ͳ ƋƵŝǀĂůĞŶƚŽŵŵĞƌĐŝĂůsĂůƵĞ;ŝĨŽƵƚƐŽƵƌĐĞĚͿŽĨŶĂůǇƐĞƐ͗ 'ĞŶĞƌĂůͬtĞƚŚĞŵŝƐƚƌǇŶĂůǇƐĞƐ Ψϱϯϵ͕ϲϮϮ ͬǇĞĂƌ DĞƚĂůƐŶĂůǇƐĞƐ Ψϰϴϯ͕ϴϱϱ ͬǇĞĂƌ ĂĐƚĞƌŝŽůŽŐŝĐĂůŶĂůǇƐĞƐ Ψϯϲ͕ϮϬϬ ͬǇĞĂƌ sKΘ^sKKƌŐĂŶŝĐƐŶĂůǇƐĞƐ Ψϭϱ͕ϴϭϮ ͬǇĞĂƌ ŝŽĂƐƐĂǇͲdŽǆŝĐŝƚǇŶĂůǇƐĞƐ ΨϮϵ͕ϴϬϬ ͬǇĞĂƌ dŽƚĂůƐƚŝŵĂƚĞĚŽŵŵĞƌĐŝĂůsĂůƵĞс Ψϭ͕ϭϬϱ͕Ϯϴϵ ͬǇĞĂƌ tY>Ͳ ƋƵŝǀĂůĞŶƚŽŵŵĞƌĐŝĂůsĂůƵĞ;ŝĨŽƵƚƐŽƵƌĐĞĚͿŽĨŶĂůǇƐĞƐ͗ 'ĞŶĞƌĂůͬtĞƚŚĞŵŝƐƚƌǇŶĂůǇƐĞƐ Ψϰϳϱ͕ϳϬϰ ͬǇĞĂƌ DĞƚĂůƐŶĂůǇƐĞƐ Ψϵϴ͕ϲϵϬ ͬǇĞĂƌ ĂĐƚĞƌŝŽůŽŐŝĐĂůŶĂůǇƐĞƐ Ψϭϭϯ͕ϱϲϴ ͬǇĞĂƌ sKΘ^sKKƌŐĂŶŝĐƐŶĂůǇƐĞƐ Ψϭϯϳ͕ϱϯϬ ͬǇĞĂƌ dŽƚĂůƐƚŝŵĂƚĞĚŽŵŵĞƌĐŝĂůsĂůƵĞс ΨϴϮϱ͕ϰϵϭ ͬǇĞĂƌ ǆƚƌĂDĂŶƉŽǁĞƌ;ĂƐƐŽĐŝĂƚĞĚǁŝƚŚĂƉƌŽŐƌĂŵŽĨĨƵůůŽƵƚƐŽƵƌĐŝŶŐͿ &ƵŶĐƚŝŽŶ ,ŽƵƌůǇ ƌĂƚĞ ƵƌĚĞŶĞĚ ;Λϭ͘ϱͿŚŽƵƌůǇ ƌĂƚĞ W> tY> dŽƚĂů ,ŽƵƌƐ sĂůƵĞŽĨ ǆƚƌĂ DĂŶƉŽǁĞƌ &d ,ŽƵƌƐ &d ,ŽƵƌƐ Ͳ^ĂŵƉůĞDĂŶĂŐĞŵĞŶƚ ΨϮϱ Ψϯϴ ϭ ϮϬϴϬ ϭ ϮϬϴϬ ϰϭϲϬ Ψϭϱϲ͕ϬϬϬ ͲĂƚĂƐƐĞƐƐŵĞŶƚΘ ĂƚĂDĂŶĂŐĞŵĞŶƚ Ψϯϱ Ψϱϯ ϭ ϮϬϴϬ ϭ ϮϬϴϬ ϰϭϲϬ ΨϮϭϴ͕ϬϬϬ ͲŽŶƚƌĂĐƚĚŵŝŶ ;ĐŽŶƚƌĂĐƚŝŶŐ͕ƉĂǇĂďůĞƐ͕ ĞƚĐ͘Ϳ ΨϯϬ Ψϰϱ Ϭ͘ϭ ϮϬϴ Ϭ͘ϭ ϮϬϴ ϰϭϲ Ψϭϴ͕ϳϮϬ dŽƚĂůsĂůƵĞŽĨǆƚƌĂDĂŶƉŽǁĞƌс Ψϯϵϯ͕ϭϮϬ ƐƚŝŵĂƚĞĚdŽƚĂůƋƵŝǀĂůĞŶƚŽŵŵĞƌĐŝĂůsĂůƵĞŽĨW>ĂŶĚtY>ŶĂůǇƐĞƐнsĂůƵĞŽĨƚŚĞǆƚƌĂ ϮͬϮϱͬϮϬϭϵ ϰ ůƚĞƌŶĂƚŝǀĞƐǀĂůƵĂƚŝŽŶ ůƚĞƌŶĂƚŝǀĞƐ EŽĐƚŝŽŶůƚĞƌŶĂƚŝǀĞ͗EŽĐƚŝŽŶůƚĞƌŶĂƚŝǀĞďĂƐĞĚĐŽŶĚŝƚŝŽŶĂƐƐĞƐƐŵĞŶƚĨŝŶĚŝŶŐƐĂŶĚƚŚŝƐ ŽƉƚŝŽŶĚŽĞƐŶŽƚŵĞĞƚƉƌŽũĞĐƚŐŽĂůƐ͘ ůƚĞƌŶĂƚŝǀĞϭ͗KƵƚƐŽƵƌĐŝŶŐ>ĂďŽƌĂƚŽƌǇŶĂůǇƚŝĐĂů^ĞƌǀŝĐĞƐ͘dŚĞŝƚǇǁŝůůŽƵƚƐŽƵƌĐĞƚŚĞ ĂŶĂůǇƚŝĐĂůƐĞƌǀŝĐĞƐƚŽĂŶŝŶĚĞƉĞŶĚĞŶƚĂĐĐƌĞĚŝƚĞĚůĂďŽƌĂƚŽƌǇ;ŝĞƐͿ͘ ůƚĞƌŶĂƚŝǀĞϮ͗/ŶĚĞƉĞŶĚĞŶƚtY>ĂŶĚW>>ĂďŽƌĂƚŽƌŝĞƐ>ŽĐĂƚĞĚĂƚƚŚĞtd&ĂŶĚtZ& ůƚĞƌŶĂƚŝǀĞϮ͗ZĞŶŽǀĂƚŝŽŶŽĨƚŚĞǆŝƐƚŝŶŐtY>ĂŶĚW>ĂƚƚŚĞĞǆŝƐƚŝŶŐďƵŝůĚŝŶŐƐ͘ ůƚĞƌŶĂƚŝǀĞϮ͗ŽŶƐƚƌƵĐƚĂŶĞǁůĂďŽƌĂƚŽƌǇĂƚĞĂĐŚŽĨƚŚĞtd&ͬtZ&ƐŝƚĞƐ͘ 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/ŶĞĂĐŚƚĞƐƚŝŶŐĂƌĞĂĂŶĚŵĂũŽƌŝŶƐƚƌƵŵĞŶƚƐ ^ĂĨĞƚǇͬWW^ƚĂƚŝŽŶƐ dĞĐŚŶŝĐĂů ^ƵƉƉŽƌƚƌĞĂƐ ^ĂŵƉůĞZĞĐĞŝǀŝŶŐĂƌĞĂ ƌŝǀĞƵƉĚĞůŝǀĞƌǇƌĞĐŽŵŵĞŶĚĞĚ ^ĂŵƉůĞ^ƚŽƌĂŐĞͬĐŚŝĞǀĞ ŽůĚƐƚŽƌĂŐĞĨŽƌƉĞƌŝƐŚĂďůĞƐĂŵƉůĞƐ ^ĂŵƉůĞ<ŝƚWƌĞƉͬ<ŝƚůĞĂŶŝŶŐƌĞĂ ŽŶƐŝĚĞƌǁŽƌŬĂƌĞĂĨŽƌĂƵƚŽƐĂŵƉůĞƌĂŶĚĨŝĞůĚĂŶĂůǇǌĞƌŵĂŝŶƚĞŶĂŶĐĞ ĂƚĂŶƚƌǇtŽƌŬƐƚĂƚŝŽŶƐ /ŶĞĂĐŚǁŽƌŬĂƌĞĂ ZĞĐŽƌĚƐ^ƚŽƌĂŐĞ ^ĞĐƵƌĞĂƌĞĂ ZĞĨĞƌĞŶĐĞDĂƚĞƌŝĂůƐͬ>ŝďƌĂƌǇ ŚĞŵŝĐĂů^ƚŽƌĂŐĞ ^ĞĐƵƌĞĂƌĞĂ /ŶƐƚƌƵŵĞŶƚ'ĂƐ^ƵƉƉůŝĞƐͬƐƚŽƌĂŐĞ ^ĞĐƵƌĞĂƌĞĂ ƋƵŝƉŵĞŶƚͬ^ƵƉƉůŝĞƐƐƚŽƌĂŐĞ W^ĞƌǀĞƌͬŽŵŵƵŶŝĐĂƚŝŽŶƌŽŽŵ ^ĞĐƵƌĞĂƌĞĂ EŽŶͲdĞĐŚŶŝĐĂů ^ƵƉƉŽƌƚƌĞĂƐ ŶƚƌĂŶĐĞͬZĞĐĞƉƚŝŽŶĂƌĞĂ ŽŶĨĞƌĞŶĐĞZŽŽŵ ^ƚĂĨĨ>ŽĐŬĞƌZŽŽŵ ZĞƐƚƌŽŽŵƐ KĨĨŝĐĞƐƵƉƉůŝĞƐĂƌĞĂ :ĂŶŝƚŽƌŝĂůƌŽŽŵ WŚǇƐŝĐĂůWůĂŶƚ DĞĐŚĂŶŝĐĂůƌŽŽŵ ,s ůĞĐƚƌŝĐĂůƌŽŽŵ ,ĂǌĂƌĚŽƵƐ>ĂďtĂƐƚĞŽŶƐŽůŝĚĂƚŝŽŶͬ^ƚŽƌĂŐĞĂƌĞĂ ZĞĐǇĐůŝŶŐͬŽŵĞƐƚŝĐtĂƐƚĞĂƌĞĂ ϭϬ dĞŵƉŽƌĂƌǇ>ĂďŽƌĂƚŽƌǇ^ƉĂĐĞ ZĞŶƚĂů>ĂďƐ sĞŶĚŽƌƐ͗>ĂďWƌŽ͕͘D^ƉĂĐĞDŽĚƵůĂƌŐĞŶŝƵƐ͕tŚŝƚůĞǇ DĂŶƵĨĂĐƚƵƌŝŶŐ ZĞŶƚĂůWƌŽŐƌĂŵƐĨŽƌŝŵŵĞĚŝĂƚĞ͕ƚĞŵƉŽƌĂƌǇƐƉĂĐĞ͘ ^ƵƉƉŽƌƚƐƉƌŽũĞĐƚŽǀĞƌĨůŽǁ͕ƉƌŽǀŝĚĞƚĞŵƉŽƌĂƌǇƐƉĂĐĞĚƵƌŝŶŐ ƌĞŶŽǀĂƚŝŽŶ͕ ^ŚŽƌƚͲ ŽƌůŽŶŐͲƚĞƌŵƌĞŶƚĂůƐĂƌĞĂǀĂŝůĂďůĞ͘ DŽĚƵůĂƌϭϮ഻ǆϱϬ഻ƌĞŶƚĂůƵŶŝƚƐŚĂǀĞĂŶŽƉƚŝŽŶĨŽƌ ϮͬϮϱͬϮϬϭϵ ϲ ϭϭ >ĂƌŐĞǆĂŵƉůĞϰ͕ϮϬϴ^&͘ ϭϮ tY> ΘW>>ĂďŽƌĂƚŽƌŝĞƐ͗EĞǆƚ'ĞŶĞƌĂƚŝŽŶ>ĂďƐ ͞^ŵĂƌƚ͟>ĂďƐ͗ ʹ ZĞƐŽƵƌĐĞ^ƵƐƚĂŝŶĂďŝůŝƚǇ ʹ WƌŽǀŝĚĞŽĐĐƵƉĂŶƚĞǆƉĞƌŝĞŶĐĞ ʹ /ŶĨŽƌŵĂƚŝŽŶdĞĐŚŶŽůŽŐǇ;>/D^Ϳ ʹ ^ǇƐƚĞŵZĞƐŝůŝĞŶĐĞ KƉĞƌĂƚŝŽŶĂůĨĨŝĐŝĞŶĐǇ dƌĂŶƐƉĂƌĞŶĐǇ ʹ ŵŽŶŐƐƚĂĨĨΘƚŚĞƉƵďůŝĐ /ŶƚĞŐƌĂƚŝŶŐ^ǇƐƚĞŵƐΘ^ƉĂĐĞƐ >ĞǀĞƌĂŐŝŶŐ^ŚĂƌĞĚͬǆƚĞƌŶĂů ZĞƐŽƵƌĐĞƐ ϭϭ ϭϮ ϮͬϮϱͬϮϬϭϵ ϳ ϭϯ tĂƚĞƌYƵĂůŝƚǇ>Ăď;tY>ͿWƌŽŐƌĂŵ͗ ϭϰ WŽůůƵƚŝŽŶŽŶƚƌŽů>Ăď;W>ͿWƌŽŐƌĂŵ͗ ϭϯ ϭϰ ϮͬϮϱͬϮϬϭϵ ϴ ϭϱ tY> ΘW>;ŽŵďŝŶĞĚͿWƌŽŐƌĂŵ͗ ϭϲ tY> ΘW>͗ǆŝƐƚŝŶŐ&ĂĐŝůŝƚŝĞƐ tĂƚĞƌYƵĂůŝƚǇ>Ăď WŽůůƵƚŝŽŶŽŶƚƌŽů>Ăď ϭϱ ϭϲ ϮͬϮϱͬϮϬϭϵ ϵ ϭϳ tY> ΘW>͞&ŽƌŵĨĂĐƚŽƌƐ͟ WƌŽŐƌĂŵĂƌĞĂƐ ƐƚĂďůŝƐŚƌĞĂƐŽŶĂďůĞĂƌĞĂ ĂůůŽĐĂƚŝŽŶƐĨŽƌĞĂĐŚ ƉƌŽŐƌĂŵŵĞĚƐƉĂĐĞ ĂƐĞĚŽŶƐŝǌĞĂŶĚ ĂƌƌĂŶŐĞŵĞŶƚŽĨĨƵƌŶŝƚƵƌĞ͕ ĐĂƐĞǁŽƌŬ͕ƐŝŐŚƚůŝŶĞƐ͕ ĐŽŵŵŽŶŵŽĚƵůĞƐ͕ĞƚĐ͘ ZĞĨůĞĐƚĞĚŝŶƚŚĞƐĐŚĞĚƵůĞ ŽĨĂƌĞĂƐ;ƚĂďůĞƐͿ /ůůƵƐƚƌĂƚĞƚǇƉĞƐĂŶĚŬŝŶĚƐŽĨ ƐƉĂĐĞƐĂŶĚƚŚĞŝƌ ƌĞůĂƚŝŽŶƐŚŝƉƐ ϭϴ tY> ΘW>/ĚĞĂůŝǌĞĚDĂƚĞƌŝĂůƐ&ůŽǁŝĂŐƌĂŵ ϭϳ ϭϴ ϮͬϮϱͬϮϬϭϵ ϭϬ ϭϵ tY> ΘW>͗^ĞƉĂƌĂƚĞ͞/ĚĞĂůŝǌĞĚ͟WůĂŶŶŝŶŐŝĂŐƌĂŵƐ tY> ΘW>&ĂĐŝůŝƚǇWůĂŶŽŶĐĞƉƚ tY> ΘW>&ĂĐŝůŝƚǇǆŽŶŽŵĞƚƌŝĐ ϮϬ tY> ΘW>͗ŽŵďŝŶĞĚ͞/ĚĞĂůŝǌĞĚ͟WůĂŶŶŝŶŐŝĂŐƌĂŵƐ tY> ΘW>ŽŵďŝŶĞĚ&ĂĐŝůŝƚǇWůĂŶŽŶĐĞƉƚ ϭϵ ϮϬ ϮͬϮϱͬϮϬϭϵ ϭϭ Ϯϭ tY> ΘW>͗ŽŵďŝŶĞĚ͞/ĚĞĂůŝǌĞĚ͟WůĂŶŶŝŶŐŝĂŐƌĂŵƐ tY> ΘW>ŽŵďŝŶĞĚ&ĂĐŝůŝƚǇǆŽŶŽŵĞƚƌŝĐ ϮϮ tY>͗^ŝƚĞĞǀĞůŽƉŵĞŶƚKƉƉŽƌƚƵŶŝƚŝĞƐ E Ϯϭ ϮϮ ϮͬϮϱͬϮϬϭϵ ϭϮ Ϯϯ tY>͗WŚĂƐĞĚ&ĂĐŝůŝƚǇZĞŶŽǀĂƚŝŽŶΘDŽĚĞƌŶŝǌĂƚŝŽŶ tY>͗ǆŝƐƚŝŶŐ>ĂǇŽƵƚ tY>͗ĞŵŽůŝƚŝŽŶƉƉƌŽĂĐŚ tY>͗WƌŽƉŽƐĞĚZĞǀŝƐĞĚWůĂŶŶŝŶŐ>ĂǇŽƵƚ Ϯϰ tY>͗W>ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐƌĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞĞǆŝƐƚŝŶŐĨĂĐŝůŝƚǇ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ WůĂŶŶŝŶŐŝƐƉƌĞƚƚǇĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶtY> ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ WůĂŶŶŝŶŐŶŽƚŝĚĞĂůŝǌĞĚ ʹ ŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ ʹ ŽƐƚĞĨĨĞĐƚŝǀĞŶĞƐƐd ʹ ŚĂŶŐĞͬŵŽǀĞƉƌŽĐĞƐƐ;ƉĞŽƉůĞͿ Ϯϯ Ϯϰ ϮͬϮϱͬϮϬϭϵ ϭϯ Ϯϱ tY>͗W>ĚĚŝƚŝŽŶΘǆƉĂŶƐŝŽŶƉƉƌŽĂĐŚ tY>͗ǆŝƐƚŝŶŐ>ĂǇŽƵƚ tY>͗ĞŵŽůŝƚŝŽŶƉƉƌŽĂĐŚ tY> ΘW>͗WƌŽƉŽƐĞĚZĞǀŝƐĞĚWůĂŶŶŝŶŐ>ĂǇŽƵƚ Ϯϲ tY>͗W>ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞǀĞƌǇĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶƐtY> ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ DŽƌĞĐŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ;WsͿ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵ&ƚŽůůŝŶƐ;ƉĞŽƉůĞͿ ʹ ŽƐƚ Ϯϱ Ϯϲ ϮͬϮϱͬϮϬϭϵ ϭϰ Ϯϳ tY>͗W>ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞĂǀĂŝůĂďŝůŝƚǇ ʹ WůĂŶŶŝŶŐĐĂŶďĞŵŽƐƚĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶƐtY> ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵ&ƚŽůůŝŶƐ;ƉĞŽƉůĞͿ ʹ ŽƐƚ Ϯϴ W>͗^ŝƚĞĞǀĞůŽƉŵĞŶƚKƉƉŽƌƚƵŶŝƚŝĞƐ E ZĞŵŽǀĞĚĨƌŽŵĐŽŶƐŝĚĞƌĂƚŝŽŶ Ϯϳ Ϯϴ ϮͬϮϱͬϮϬϭϵ ϭϱ Ϯϵ W>͗WŚĂƐĞĚZĞŶŽǀĂƚŝŽŶΘDŽĚĞƌŶŝǌĂƚŝŽŶ W>͗ǆŝƐƚŝŶŐ>ĂǇŽƵƚ W>͗ĞŵŽůŝƚŝŽŶƉƉƌŽĂĐŚ W>͗WƌŽƉŽƐĞĚZĞǀŝƐĞĚWůĂŶŶŝŶŐ>ĂǇŽƵƚ ϯϬ W>͗tY> ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ KƉƉŽƌƚƵŶŝƚŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐƌĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞĞǆŝƐƚŝŶŐĨĂĐŝůŝƚǇ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ WůĂŶŶŝŶŐŝƐƉƌĞƚƚǇĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶW>ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ WůĂŶŶŝŶŐŶŽƚŝĚĞĂůŝǌĞĚ ʹ ŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ ʹ ŽƐƚĞĨĨĞĐƚŝǀĞŶĞƐƐd ʹ ŚĂŶŐĞͬŵŽǀĞƉƌŽĐĞƐƐ;ƉĞŽƉůĞͿ Ϯϵ ϯϬ ϮͬϮϱͬϮϬϭϵ ϭϲ ϯϭ W>͗tY> ĚĚŝƚŝŽŶΘǆƉĂŶƐŝŽŶƉƉƌŽĂĐŚ W>͗ǆŝƐƚŝŶŐ>ĂǇŽƵƚ W>͗ĞŵŽůŝƚŝŽŶƉƉƌŽĂĐŚ W>͗WƌŽƉŽƐĞĚZĞǀŝƐĞĚŽŵďŝŶĞĚWůĂŶŶŝŶŐ>ĂǇŽƵƚ ϯϮ W>͗tY> ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞǀĞƌǇĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶƐW>ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵ&ƚŽůůŝŶƐ;ƉĞŽƉůĞͿ ʹ ŽƐƚ ϯϭ ϯϮ ϮͬϮϱͬϮϬϭϵ ϭϳ ϯϯ DƵůďĞƌƌǇ͗^ŝƚĞĞǀĞůŽƉŵĞŶƚKƉƉŽƌƚƵŶŝƚŝĞƐ E ϯϰ DƵůďĞƌƌǇ͗tY> ΘW>ŽŵďŝŶĞĚZĞůŽĐĂƚŝŽŶ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞǀĞƌǇĞĨĨŝĐŝĞŶƚ ʹ ͞ĞŶƚƌĂů͟ůŽĐĂƚŝŽŶ ʹ WŽƚĞŶƚŝĂůĨŽƌƉƵďůŝĐĞŶŐĂŐĞŵĞŶƚ ŽŶƐ͗ ʹ DŽƌĞĐŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ;WsͿ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵtY> ʹ ŽƐƚ ϯϯ ϯϰ ϮͬϮϱͬϮϬϭϵ ϭϴ ϯϱ DƵůďĞƌƌǇ͗tY> ΘW>ŽŵďŝŶĞĚZĞůŽĐĂƚŝŽŶ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞǀĞƌǇĞĨĨŝĐŝĞŶƚ ʹ ͞ĞŶƚƌĂů͟ůŽĐĂƚŝŽŶ ʹ WŽƚĞŶƚŝĂůĨŽƌƉƵďůŝĐĞŶŐĂŐĞŵĞŶƚ ŽŶƐ͗ ʹ DŽƌĞĐŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ;ƉŽŶĚͿ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵtY> ʹ ŽƐƚ ϯϲ DƵůďĞƌƌǇ͗tY> ΘW>ZĞůŽĐĂƚĞĚŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞƋƵŝƚĞĞĨĨŝĐŝĞŶƚ ʹ ͞ĞŶƚƌĂů͟ůŽĐĂƚŝŽŶ ʹ WŽƚĞŶƚŝĂůĨŽƌƉƵďůŝĐĞŶŐĂŐĞŵĞŶƚ ŽŶƐ͗ ʹ DŽƌĞĐŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ;ƐŚĂƉĞͿ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵtY> ʹ ŽƐƚ ϯϱ ϯϲ ϮͬϮϱͬϮϬϭϵ ϭϵ ϯϳ WƌĞůŝŵŝŶĂƌǇKƵƚĐŽŵĞƐΘŽŶĐůƵƐŝŽŶƐ dŽŵĞĞƚ/^KͬE>W ĐƌŝƚĞƌŝĂƌĞŶŽǀĂƚŝŽŶΘŵŽĚĞƌŶŝǌĂƚŝŽŶŽĨĞǆŝƐƚŝŶŐĨĂĐŝůŝƚŝĞƐ ǁŝůůďĞĞǆƚĞŶƐŝǀĞ ZĞŶŽǀĂƚŝŽŶΘŵŽĚĞƌŶŝǌĂƚŝŽŶŽĨĞǆŝƐƚŝŶŐĨĂĐŝůŝƚŝĞƐĐĂŶďĞĞǆĞĐƵƚĞĚƚŚŽƵŐŚŶŽ ĐŽƐƚƐĂǀŝŶŐƐ;ĂƐĐŽŵƉĂƌĞĚƚŽĂŐƌĞĞŶĨŝĞůĚĨĂĐŝůŝƚǇͿĂƌĞĂŶƚŝĐŝƉĂƚĞĚ йŽĨƐĂŵƉůĞƐƚĞƐƚĞĚĐŽŵŝŶŐĨƌŽŵƚŚĞtd&;ĂƉƉƌŽǆŝŵĂƚĞůǇϱϬйͿǁŽƵůĚĨĂǀŽƌ ůŽĐĂƚŝŽŶŽĨtY> ĂƚƚŚĂƚƐŝƚĞ ŽƚŚtY> ΘW>ƐŝƚĞƐŚĂǀĞƌĞĂƐŽŶĂďůĞŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌĞŝƚŚĞƌĂŶĞǁŽƌ ĐŽŵďŝŶĞĚŐƌĞĞŶĨŝĞůĚĨĂĐŝůŝƚǇ DƵůďĞƌƌǇƐŝƚĞŝƐĐĞŶƚƌĂůůǇůŽĐĂƚĞĚ;ĨŽƌĞŵƉůŽǇĞĞƐͿĂŶĚĨŽƌĐŽŵŵƵŶŝƚǇ ĞŶŐĂŐĞŵĞŶƚ EŽŶͲDŽŶĞƚĂƌǇƌŝƚĞƌŝĂĞĨŝŶŝƚŝŽŶ EŽŶͲDŽŶĞƚĂƌǇ ĞŶĞĨŝƚ ƌŝƚĞƌŝĂ d> ,ŽǁDĞĂƐƵƌĞĚ tĞŝŐŚƚ ͘>ĞǀĞůŽĨ KƵƚƐŽƵƌĐŝŶŐ ^ŽĐŝĂů EƵŵďĞƌŽĨĂŶĂůǇƐĞƐĐŽŵƉůĞƚĞĚďǇƚŚŝƌĚƉĂƌƚǇůĂď͖ŝŶĐƌĞĂƐĞĚƌŝƐŬĂŶĚůŽǁĞƌƐĞƌǀŝĐĞĨƌŽŵŽƵƚƐŝĚĞůĂďƐ͘ WĞƌĐĞŶƚĂŐĞŽĨĂŶĂůǇƐĞƐƐĞŶƚƚŽƚŚŝƌĚͲƉĂƌƚǇůĂď͘ ΀ůŽǁĞƌƐĐŽƌĞďĞƚƚĞƌ΁͘ ͘&ƵƚƵƌĞ ĐĐƌĞĚŝƚĂƚŝŽŶ ^ŽĐŝĂů >Ăď͛ƐĂďŝůŝƚǇƚŽŵĞĞƚ/^K͕^ƚĂƚĞĂĐĐƌĞĚŝƚĂƚŝŽŶŽƌ;E>WͿ͖΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁^ĐŽƌĞϱϬй ĨŽƌ^ƚĂƚĞ͕ĂŶĚϱϬй /^KͬE>W ͘&ĂĐŝůŝƚǇ &ůĞǆŝďŝůŝƚǇ ĐŽ͘ ŽŶĨŝŐƵƌĂƚŝŽŶĂŶĚůŽĐĂƚŝŽŶĂůůŽǁƐĨŽƌĨƵƚƵƌĞĞǆƚĞƌŝŽƌĞǆƉĂŶƐŝŽŶŽƌŝŶƚĞƌŝŽƌƌĞĂůŝŐŶŵĞŶƚĂŶĚͬŽƌƚŽŵĞĞƚĨƵƚƵƌĞ ĂŶĂůǇƚŝĐĂůŶĞĞĚƐ͖ZĂƚĞŚŝŐŚͬŵĞĚŝƵŵͬůŽǁĨůĞǆŝďŝůŝƚǇ΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁ ͘>ĞǀĞůŽĨ ^ĞƌǀŝĐĞ ĐŽ͘ WƌŽŵŽƚĞƐŽƌŐĂŶŝǌĂƚŝŽŶĂůƉƌŽĚƵĐƚŝǀŝƚǇĂŶĚĞĨĨŝĐŝĞŶƚƵƐĞŽĨƐƚĂĨĨĂŶĚĞƋƵŝƉŵĞŶƚ͕ĞůŝŵŝŶĂƚĞƐĚƵƉůŝĐĂƚŝŽŶ͕ĂůůŽǁƐ ĨŽƌĐƌŽƐƐƚƌĂŝŶŝŶŐĂŶĚĨůĞǆŝďůĞƌĞƐŽƵƌĐĞƐ͕ŝŵƉƌŽǀĞƐŝŶƚĞƌŶĂůůĂďĐŽŽƌĚŝŶĂƚŝŽŶ͕ĞůŝŵŝŶĂƚĞƐƐŝůŽŽƌŐĂŶŝǌĂƚŝŽŶ͕ďĞƚƚĞƌ ƐƵƉƉŽƌƚƐ/^K͕ƌĞĚƵĐĞƐŵĂŶĂŐĞƌŝĂůƐƚĂĨĨƚƌĂǀĞů͘ZĂƚĞŐŽŽĚͬďĞƚƚĞƌͬďĞƐƚŽƌŐĂŶŝǌĂƚŝŽŶ΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁ ͘WƌŽǆŝŵŝƚǇƚŽ ƵƐƚŽŵĞƌƐ Ŷǀ͘ ŝƐƚĂŶĐĞĨƌŽŵƉƌŝŵĂƌǇĐƵƐƚŽŵĞƌƐ;ŽƉĞƌĂƚŝŽŶƐͬƉƌŽĐĞƐƐĐŽŽƌĚŝŶĂƚŝŽŶ͕ƚƌĂǀĞůƚŝŵĞ͕ĞĨĨŝĐŝĞŶĐǇ͕ƌĞĚƵĐĞŐƌĞĞŶŚŽƵƐĞ ŐĂƐͿ͖ƉĞƌĐĞŶƚĂŐĞŽĨĐƵƐƚŽŵĞƌƐĂŵƉůĞǀŽůƵŵĞĂƚůĂďƐŝƚĞ ΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁ &͘^ŽƵƌĐĞƐŽĨ ŽŶƚĂŵŝŶĂƚŝŽŶ Ŷǀ͘ ďŝůŝƚǇŽĨƚŚĞůĂďƐƉĂĐĞƚŽƉƌĞǀĞŶƚͬĚĞƚĞƌŽƵƚƐŝĚĞƐŽƵƌĐĞƐŽĨĐŽŶƚĂŵŝŶĂƚŝŽŶ͖ŶƵŵďĞƌŽĨ ĐƌŽƐƐͲĐŽŶƚĂŵŝŶĂƚŝŽŶ ƉŽƚĞŶƚŝĂůƐ͘ZĂƚĞŐŽŽĚͬďĞƚƚĞƌͬďĞƐƚůŽĐĂƚŝŽŶ΀ůŽǁĞƌƐĐŽƌĞďĞƚƚĞƌ΁ '͘tŽƌŬŝŶŐ ŶǀŝƌŽŶŵĞŶƚ Ŷǀ͘ ďŝůŝƚǇŽĨƚŚĞůĂďƚŽƉƌŽǀŝĚĞĂŐŽŽĚǁŽƌŬŝŶŐĞŶǀŝƌŽŶŵĞŶƚĂƚĂĚĞƐŝƌĞĚůŽĐĂƚŝŽŶƚŽƉĞƌĨŽƌŵŵŝƐƐŝŽŶĂŶĚĂƚƚƌĂĐƚ 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WůƵŵďŝŶŐ ^ƵƐƚĂŝŶĂďŝůŝƚǇ͗ ZĞŐŝŽŶĂůůǇƌĞƐƉŽŶƐŝǀĞ ƐŝƚĞĐŝǀŝůĂŶĚůĂŶĚƐĐĂƉĞ ,ĞĂůƚŚĂŶĚ^ĂĨĞƚǇ͗ ŽĚĞŽŵƉůŝĂŶƚ WƌŽŵŽƚĞƐĂĨĞƚǇ ƵůƚƵƌĞ ůƚĞƌŶĂƚŝǀĞƐŽŶƐŝĚĞƌĞĚ EŽĐƚŝŽŶůƚĞƌŶĂƚŝǀĞ͗EŽĐƚŝŽŶůƚĞƌŶĂƚŝǀĞďĂƐĞĚĐŽŶĚŝƚŝŽŶĂƐƐĞƐƐŵĞŶƚĨŝŶĚŝŶŐƐĂŶĚƚŚŝƐŽƉƚŝŽŶĚŽĞƐ ŶŽƚŵĞĞƚƉƌŽũĞĐƚŐŽĂůƐ͘ ůƚĞƌŶĂƚŝǀĞϭ͗KƵƚƐŽƵƌĐŝŶŐ>ĂďŽƌĂƚŽƌǇŶĂůǇƚŝĐĂů^ĞƌǀŝĐĞƐ͘dŚĞŝƚǇǁŝůůŽƵƚƐŽƵƌĐĞƚŚĞĂŶĂůǇƚŝĐĂůƐĞƌǀŝĐĞƐ ƚŽĂŶŝŶĚĞƉĞŶĚĞŶƚĂĐĐƌĞĚŝƚĞĚůĂďŽƌĂƚŽƌǇ;ŝĞƐͿ͘DĂƌŬĞƚsĂůƵĞŽĨĂŶĂůǇƚŝĐĂůĐŽƐƚĂƐƐĞƐƐĞĚ͘ ůƚĞƌŶĂƚŝǀĞϮ͗/ŶĚĞƉĞŶĚĞŶƚtY>ĂŶĚW>>ĂďŽƌĂƚŽƌŝĞƐ>ŽĐĂƚĞĚĂƚƚŚĞtd&ĂŶĚtZ& ůƚĞƌŶĂƚŝǀĞϮ͗ZĞŶŽǀĂƚŝŽŶŽĨƚŚĞǆŝƐƚŝŶŐtY>ĂŶĚW>ĂƚƚŚĞĞǆŝƐƚŝŶŐďƵŝůĚŝŶŐƐ͘ ůƚĞƌŶĂƚŝǀĞϮ͗ŽŶƐƚƌƵĐƚĂŶĞǁůĂďŽƌĂƚŽƌǇĂƚĞĂĐŚŽĨƚŚĞtd&ͬtZ&ƐŝƚĞƐ͘ ϮͬϮϱͬϮϬϭϵ ϯ ^ƵŵŵĂƌǇŽĨŽŶĚŝƚŝŽŶƐƐĞƐƐŵĞŶƚ&ŝŶĚŝŶŐƐĨŽƌ ƚŚĞW>ĂŶĚtY> ϭ͘ dŚĞŽǀĞƌĂůůďƵŝůĚŝŶŐƐƚƌƵĐƚƵƌĞƐĂƌĞƐŽƵŶĚĂŶĚƐĂƚŝƐĨĂĐƚŽƌǇƚŽƉĞƌĨŽƌŵ ĐƵƌƌĞŶƚĨƵŶĐƚŝŽŶƐ͘ Ϯ͘ dŚĞĨĂĐŝůŝƚŝĞƐǁŝůůƌĞƋƵŝƌĞĐŽŵƉůĞƚĞŝŶƚĞƌŝŽƌƌĞŶŽǀĂƚŝŽŶĂŶĚ ĞǆƉĂŶƐŝŽŶƚŽŵĞĞƚĨƵƚƵƌĞŶĞĞĚƐ͘ ϯ͘ ŶŚĂŶĐĞĚƉĞƌƐŽŶŶĞůǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚƐ͕ǁŽƌŬĨůŽǁ͕ĂŶĚĞŶĞƌŐǇ ĐŽĚĞƌĞƋƵŝƌĞŵĞŶƚƐǁŝůůĚƌŝǀĞƚŚĞƌĞŶŽǀĂƚŝŽŶƐ͘ ϰ͘ dŚĞĞǆŝƐƚŝŶŐƐŝƚĞƐƉƌŽǀŝĚĞƐƐŽŵĞĐĂƉĂďŝůŝƚǇĨŽƌƚŚĞďƵŝůĚŝŶŐ ĞǆƉĂŶƐŝŽŶďƵƚĂƌĞĐŽŶĨŝŶĞĚďǇƌŽĂĚǁĂǇƐ͕ƵƚŝůŝƚŝĞƐĂŶĚĂĚũĂĐĞŶƚ ƉƌŽĐĞƐƐƐƚƌƵĐƚƵƌĞƐ͘ ϱ͘ ǆŝƐƚŝŶŐĨĂĐŝůŝƚŝĞƐĚŽŶŽƚŚĂǀĞƐƵĨĨŝĐŝĞŶƚƐƉĂĐĞĨŽƌĐŽŵďŝŶĞĚ ůĂďŽƌĂƚŽƌǇĂƚĞŝƚŚĞƌƚŚĞW>ŽƌtY>ůŽĐĂƚŝŽŶƐ͕ďƵƚĞǆŝƐƚŝŶŐƐƉĂĐĞŝƐ ĂǀĂŝůĂďůĞŽŶƚŚĞtd&ĂŶĚtZ&ƐŝƚĞĨŽƌĂĐŽŵďŝŶĞĚ&ĂĐŝůŝƚǇ͘ ůƚĞƌŶĂƚŝǀĞƐ ϱ ϲ ϮͬϮϱͬϮϬϭϵ ϰ ůƚĞƌŶĂƚŝǀĞϭͲ KƵƚƐŽƵƌĐŝŶŐDĂƌŬĞƚsĂůƵĞ ƐƚŝŵĂƚĞ /ŶĐůƵĚĞƐĂϰϬйYƉƌŽŐƌĂŵĂŶĚϮϬйƌĞƐƉŽŶƐŝǀĞŶĞƐƐ&ĂĐƚŽƌ ŽƐƚhƉĚĂƚĞĚϵͬϭϵͬϮϬϭϳ W>ƋƵŝǀĂůĞŶƚŽŵŵĞƌĐŝĂůsĂůƵĞ;ŝĨŽƵƚƐŽƵƌĐĞĚͿŽĨŶĂůǇƐĞƐ͗ 'ĞŶĞƌĂůͬtĞƚŚĞŵŝƐƚƌǇŶĂůǇƐĞƐ DĞƚĂůƐŶĂůǇƐĞƐ ĂĐƚĞƌŝŽůŽŐŝĐĂůŶĂůǇƐĞƐ sKΘ^sKKƌŐĂŶŝĐƐŶĂůǇƐĞƐ ŝŽĂƐƐĂǇͲdŽǆŝĐŝƚǇŶĂůǇƐĞƐ tY>ƋƵŝǀĂůĞŶƚŽŵŵĞƌĐŝĂůsĂůƵĞ;ŝĨŽƵƚƐŽƵƌĐĞĚͿŽĨŶĂůǇƐĞƐ͗ 'ĞŶĞƌĂůͬtĞƚŚĞŵŝƐƚƌǇŶĂůǇƐĞƐ DĞƚĂůƐŶĂůǇƐĞƐ ĂĐƚĞƌŝŽůŽŐŝĐĂůŶĂůǇƐĞƐ sKΘ^sKKƌŐĂŶŝĐƐŶĂůǇƐĞƐ dŽƚĂůŶŶƵĂůŽƐƚŽĨŽƵƚƐŽƵƌĐŝŶŐW>ĂŶĚtY> ΨϮ͕ϭϬϬ͕ϴϯϳ dŽƚĂůW>с dŽƚĂůtY>с ΨϱϮϵ͕ϲϲϵ Ψϲϴ͕ϲϱϲ Ψϰϯ͕ϭϯϲ ΨϮϱ͕Ϯϵϵ Ψϰϳ͕ϲϴϬ Ψϳϴϭ͕Ϭϭϯ Ψϭϳϵ͕ϰϮϰ Ψϭϭϴ͕ϲϮϰ ΨϯϬϳ͕ϯϯϲ Ψϭ͕ϯϴϲ͕ϯϵϳ Ψϳϭϰ͕ϰϰϬ ϴ ^ŝƚĞĞǀĞůŽƉŵĞŶƚKƉƉŽƌƚƵŶŝƚŝĞƐĂƚtd& E WƌĞĨĞƌƌĞĚ KƉƚŝŽŶ ϳ ϴ ϮͬϮϱͬϮϬϭϵ ϱ ϵ ^ŝƚĞĞǀĞůŽƉŵĞŶƚKƉƉŽƌƚƵŶŝƚŝĞƐĂƚtZ& E WƌĞĨĞƌƌĞĚ KƉƚŝŽŶ ϭϬ ^ŝƚĞĞǀĞůŽƉŵĞŶƚKƉƉŽƌƚƵŶŝƚŝĞƐĂƚDtZ& E WƌĞĨĞƌƌĞĚ KƉƚŝŽŶ ϵ ϭϬ ϮͬϮϱͬϮϬϭϵ ϲ EŽŶŵŽŶĞƚĂƌǇƌŝƚĞƌŝĂĞĨŝŶŝƚŝŽŶ EŽŶŵŽŶĞƚĂƌǇ ĞŶĞĨŝƚ ƌŝƚĞƌŝĂ d> ,ŽǁDĞĂƐƵƌĞĚ tĞŝŐŚƚ ͘>ĞǀĞůŽĨ KƵƚƐŽƵƌĐŝŶŐ ^ŽĐŝĂů EƵŵďĞƌŽĨĂŶĂůǇƐĞƐĐŽŵƉůĞƚĞĚďǇƚŚŝƌĚƉĂƌƚǇůĂď͖ŝŶĐƌĞĂƐĞĚƌŝƐŬĂŶĚůŽǁĞƌƐĞƌǀŝĐĞĨƌŽŵŽƵƚƐŝĚĞůĂďƐ͘ WĞƌĐĞŶƚĂŐĞŽĨĂŶĂůǇƐĞƐƐĞŶƚƚŽƚŚŝƌĚͲƉĂƌƚǇůĂď͘ ΀ůŽǁĞƌƐĐŽƌĞďĞƚƚĞƌ΁͘ ͘&ƵƚƵƌĞ ĐĐƌĞĚŝƚĂƚŝŽŶ ^ŽĐŝĂů >Ăď͛ƐĂďŝůŝƚǇƚŽŵĞĞƚ/^K͕^ƚĂƚĞĂĐĐƌĞĚŝƚĂƚŝŽŶŽƌ;E>WͿ͖΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁^ĐŽƌĞϱϬй ĨŽƌ^ƚĂƚĞ͕ĂŶĚϱϬй /^KͬE>W ͘&ĂĐŝůŝƚǇ &ůĞǆŝďŝůŝƚǇ ĐŽ͘ ŽŶĨŝŐƵƌĂƚŝŽŶĂŶĚůŽĐĂƚŝŽŶĂůůŽǁƐĨŽƌĨƵƚƵƌĞĞǆƚĞƌŝŽƌĞǆƉĂŶƐŝŽŶŽƌŝŶƚĞƌŝŽƌƌĞĂůŝŐŶŵĞŶƚĂŶĚͬŽƌƚŽŵĞĞƚĨƵƚƵƌĞ ĂŶĂůǇƚŝĐĂůŶĞĞĚƐ͖ZĂƚĞŚŝŐŚͬŵĞĚŝƵŵͬůŽǁĨůĞǆŝďŝůŝƚǇ΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁ ͘>ĞǀĞůŽĨ ^ĞƌǀŝĐĞ ĐŽ͘ WƌŽŵŽƚĞƐŽƌŐĂŶŝǌĂƚŝŽŶĂůƉƌŽĚƵĐƚŝǀŝƚǇĂŶĚĞĨĨŝĐŝĞŶƚƵƐĞŽĨƐƚĂĨĨĂŶĚĞƋƵŝƉŵĞŶƚ͕ĞůŝŵŝŶĂƚĞƐĚƵƉůŝĐĂƚŝŽŶ͕ĂůůŽǁƐ ĨŽƌĐƌŽƐƐƚƌĂŝŶŝŶŐĂŶĚĨůĞǆŝďůĞƌĞƐŽƵƌĐĞƐ͕ŝŵƉƌŽǀĞƐŝŶƚĞƌŶĂůůĂďĐŽŽƌĚŝŶĂƚŝŽŶ͕ĞůŝŵŝŶĂƚĞƐƐŝůŽŽƌŐĂŶŝǌĂƚŝŽŶ͕ďĞƚƚĞƌ ƐƵƉƉŽƌƚƐ/^K͕ƌĞĚƵĐĞƐŵĂŶĂŐĞƌŝĂůƐƚĂĨĨƚƌĂǀĞů͘ZĂƚĞŐŽŽĚͬďĞƚƚĞƌͬďĞƐƚŽƌŐĂŶŝǌĂƚŝŽŶ΀ŚŝŐŚĞƌƐĐŽƌĞďĞƚƚĞƌ΁ ͘WƌŽǆŝŵŝƚǇƚŽ ƵƐƚŽŵĞƌƐ Ŷǀ͘ 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dŚĞĐŽŶƐƚƌƵĐƚŝŽŶĐŽƐƚĞůĞŵĞŶƚƐ͗ ^ƚƌĞĞƚŽǀĞƌƐŝǌŝŶŐĨĞĞƐĞƐƚŝŵĂƚĞ ƵŝůĚŝŶŐƉĞƌŵŝƚ hƚŝůŝƚǇĨĞĞƐ ZĞůŽĐĂƚŝŽŶͬŵŽǀŝŶŐĂŶĚĐŽŵŵŝƐƐŝŽŶŝŶŐĐŽƐƚ ĂŝƐƐŽŶͬƉŝĞƌƐƉƌŽǀŝƐŝŽŶƐ >ĂďĞƋƵŝƉŵĞŶƚĂůůŽǁĂŶĐĞŽĨΨϱϭϱ< dĞŵƉŽƌĂƌǇůĂďĨĂĐŝůŝƚŝĞƐĨŽƌůƚĞƌŶĂƚŝǀĞϮ ^ŝƚĞǁŽƌŬĂŶĚƉĂƌŬŝŶŐĂůůŽǁĂŶĐĞ ƐďĞƐƚŽƐĂŶĚ,ĂǌĂƌĚĂďĂƚĞŵĞŶƚĂŶĚƉĂƌƚŝĂůĚĞŵŽůŝƚŝŽŶĐŽƐƚĨŽƌtY> ĂŶĚW>ĂƌĞ ŝŶĐůƵĚĞĚĨŽƌĂůůŽƉƚŝŽŶƐ ŽŶƚŝŶŐĞŶĐǇůůŽǁĂŶĐĞĨŽƌhŶĚĞĨŝŶĞĚtŽƌŬ ϭй&ŽƌƌƚŝŶWƵďůŝĐWůĂĐĞƐ ZĞůŽĐĂƚŝŶŐͬDŽǀŝŶŐ ϭϯ ϭϰ ϮͬϮϱͬϮϬϭϵ ϴ KǀĞƌĂůůWƌŽũĞĐƚŽƐƚ^ƵŵŵĂƌǇ ;EŽƚĞ͗ĐŽƐƚƐĂƌĞŝŶϮϬϭϴĚŽůůĂƌƐͿ ůƚ͘ϮͲ ZĞŶŽǀĂƚĞ ǆŝƐƚŝŶŐtY> ĂŶĚW> ůƚ͘ϮͲͲ ŽŶƐƚƌƵĐƚĂEĞǁ >ĂďĂƚĞĂĐŚ td&ͬtZ& ůƚ͘ϯ͘ϭͲͲ ŽŶƐƚƌƵĐƚĂEĞǁ ŽŵďŝŶĞĚ>ĂďͲ td& ůƚ͘ϯ͘ϮͲͲ ŽŶƐƚƌƵĐƚĂEĞǁ ŽŵďŝŶĞĚ>ĂďͲ tZ& ůƚ͘ϯ͘ϯͲͲ ŽŶƐƚƌƵĐƚĂEĞǁ ŽŵďŝŶĞĚ>Ăďʹ DtZ& ŽŶƐƚƌƵĐƚŝŽŶŽƐƚ&ƌŽŵ,ǇĚƌŽ Ψϭϰ͕ϱϭϰ͕ϬϬϬ Ψϭϲ͕ϲϱϰ͕ϬϬϬ Ψϭϰ͕ϳϰϮ͕ϬϬϬ Ψϭϰ͕ϱϭϱ͕ϬϬϬ Ψϭϱ͕ϳϬϯ͕ϬϬϬ ŶŚĂŶĐĞĚƵŝůĚŝŶŐͬ^ĐŽƉĞůůŽǁĂŶĐĞ ;ϭϱйͿ ΨϮ͕ϭϴϬ͕ϬϬϬ ΨϮ͕ϱϬϬ͕ϬϬϬ ΨϮ͕ϮϭϬ͕ϬϬϬ ΨϮ͕ϭϴϬ͕ϬϬϬ ΨϮ͕ϯϲϬ͕ϬϬϬ dŽƚĂůŽŶƐƚƌƵĐƚŝŽŶŽƐƚƵĚŐĞƚ Ψϭϲ͕ϲϵϰ͕ϬϬϬ Ψϭϵ͕ϭϱϰ͕ϬϬϬ Ψϭϲ͕ϵϱϮ͕ϬϬϬ Ψϭϲ͕ϲϵϱ͕ϬϬϬ Ψϭϴ͕Ϭϲϯ͕ϬϬϬ ŶŐŝŶĞĞƌŝŶŐĂŶĚDͬ^ϭϲй ΨϮ͕ϲϳϬ͕ϬϬϬ Ψϯ͕ϬϲϬ͕ϬϬϬ ΨϮ͕ϳϭϬ͕ϬϬϬ ΨϮ͕ϲϳϬ͕ϬϬϬ ΨϮ͕ϴϵϬ͕ϬϬϬ ŝƚǇWƌŽũĞĐƚDĂŶĂŐĞŵĞŶƚ^ƚĂĨĨ ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ W^ŽŶƚƌĂĐƚŽƌĞƐŝŐŶƐƐƚ͘ ΨϮϱ͕ϬϬϬ ΨϮϱ͕ϬϬϬ ΨϮϱ͕ϬϬϬ ΨϮϱ͕ϬϬϬ ΨϮϱ͕ϬϬϬ dŽƚĂůWƌŽũĞĐƚŽƐƚ Ψϭϵ͕ϵϴϵ͕ϬϬϬ ΨϮϮ͕ϴϯϵ͕ϬϬϬ ΨϮϬ͕Ϯϴϳ͕ϬϬϬ Ψϭϵ͕ϵϵϬ͕ϬϬϬ ΨϮϭ͕ϱϳϴ͕ϬϬϬ dŽƚĂůƉƌŽũĞĐƚŽƐƚŝŶDŝůůŝŽŶƐ Ψϭϵ͘ϵϵ ΨϮϮ͘ϴϰ ΨϮϬ͘Ϯϵ Ψϭϵ͘ϵϵ ΨϮϭ͘ϱϴ ϯ͘Ϯϳ ϯ͘ϯϯ ϰ͘ϬϮ ϰ͘Ϯϰ ϯ͘ϴϱ ϯ͘ϴϮ ΨϬ Ψϱ͕ϬϬϬ͕ϬϬϬ ΨϭϬ͕ϬϬϬ͕ϬϬϬ Ψϭϱ͕ϬϬϬ͕ϬϬϬ ΨϮϬ͕ϬϬϬ͕ϬϬϬ ΨϮϱ͕ϬϬϬ͕ϬϬϬ ΨϯϬ͕ϬϬϬ͕ϬϬϬ Ϭ ϭ Ϯ ϯ ϰ ϱ ϲ ůƚ͘ϮͲZĞŶŽǀĂƚĞ ǆŝƐƚŝŶŐtY>ĂŶĚW> ůƚ͘ϮͲͲŽŶƐƚƌƵĐƚĂ EĞǁ>ĂďĂƚĞĂĐŚ td&ͬtZ& ůƚ͘ϯ͘ϭͲͲŽŶƐƚƌƵĐƚ ĂEĞǁŽŵďŝŶĞĚ>Ăď ϮͬϮϱͬϮϬϭϵ ϵ ĞŶĞĨŝƚͬŽƐƚŽŵƉĂƌŝƐŽŶ ůƚĞƌŶĂƚŝǀĞ ĞŶĞĨŝƚ ^ĐŽƌĞ ΀ZĂŶŬŝŶŐ΁ dŽƚĂů WƌŽũĞĐƚ ŽƐƚΎ ΀ZĂŶŬŝŶŐ΁ ĞŶĞĨŝƚͬŽƐƚ ZĂƚŝŽ ΀ZĂŶŬŝŶŐ΁ ůƚϮZĞŶŽǀĂƚĞǆŝƐƚŝŶŐtY>ΘW> ϯ͘ϴϮ ΀ϱ΁ Ψϭϵ͘ϵϵD ΀ϭ΁ ϯ͘Ϯϳ ΀ϱ΁ ůƚϮEĞǁtY>ĂŶĚW>Ăƚtd&Θ tZ& ϰ͘ϰϰ ΀ϰ΁ ΨϮϮ͘ϴϰD ΀ϱ΁ ϯ͘ϯϯ ΀ϰ΁ ůƚϯͲϭŽŵďŝŶĞĚ>ĂďĂƚtd& ϰ͘ϳϲ ΀ϯ΁ ΨϮϬ͘ϮϵD ΀ϯ΁ ϰ͘ϬϮ ΀Ϯ΁ ůƚϯͲϮŽŵďŝŶĞĚ>ĂďĂƚtZ& ϰ͘ϵϱ ΀ϭ΁ Ψϭϵ͘ϵϵ D ΀ϭ΁ ϰ͘Ϯϰ ΀ϭ΁ ůƚϯͲϯŽŵďŝŶĞĚ>ĂďĂƚDtZ& ϰ͘ϴϲ ΀Ϯ΁ ΨϮϭ͘ϱϴD ΀ϰ΁ ϯ͘ϴϱ ΀ϯ΁ ΎEŽƚĞ͗ĐŽƐƚƐĂƌĞŝŶϮϬϭϴĚŽůůĂƌƐ ZĞĐŽŵŵĞŶĚĂƚŝŽŶƐ ŽŶƐƚƌƵĐƚĂĐŽŵďŝŶĞĚůĂď >ŽĐĂƚĞůĂďĂƚƚŚĞtZ& ƐƚĂďůŝƐŚ&KĂƉƉƌŽĂĐŚ ʹ ĐĐĞƐƐďŽƚŚtĂƚĞƌĂŶĚhƚŝůŝƚǇ&ƵŶĚƐŽƵƌĐĞƐ ʹ ŽŶĨŝƌŵƐĐŚĞĚƵůĞĨŽƌŝŵƉůĞŵĞŶƚĂƚŝŽŶ ĞǀĞůŽƉW>ĂŶĚtY>ŵĂŝŶƚĞŶĂŶĐĞƉůĂŶĨŽƌŶĞĂƌͲƚĞƌŵ ĐŽŶƚŝŶƵĞĚŽƉĞƌĂƚŝŽŶ ϭϳ ϭϴ ϮͬϮϱͬϮϬϭϵ ϭϬ EĞǆƚ^ƚĞƉƐ <ĞǀŝŶͬĂƌŽůĐŽŵŵƵŶŝĐĂƚŝŽŶƐǁŝƚŚŽƚŚĞƌƐ :ŝůůĐŽŵŵƵŶŝĐĂƚŝŽŶƐǁŝƚŚůĂďƐƚĂĨĨ ,ϮDƚŽŝƐƐƵĞĚƌĂĨƚƌĞƉŽƌƚ KƚŚĞƌƐ͍ ůƚĞƌŶĂƚŝǀĞϯ͘͘ϭŽŵďŝŶĞĚ>ĂďĂƚtd& ϭϵ ϮϬ ϮͬϮϱͬϮϬϭϵ ϭϭ ůƚĞƌŶĂƚŝǀĞϯ͘͘ϮŽŵďŝŶĞĚ>ĂďĂƚtZ& ůƚĞƌŶĂƚŝǀĞϯ͘͘ϮtZ& ŽŵďŝŶĞĚZĞĨŝŶĞĚ >ĂǇŽƵƚ Ϯϭ ϮϮ ϮͬϮϱͬϮϬϭϵ ϭϮ ůƚĞƌŶĂƚŝǀĞϯ͘͘ϯ ŽŵďŝŶĞĚĂƚDtZ& ůƚĞƌŶĂƚŝǀĞƐtŽƌŬƐŚŽƉ^ůŝĚĞƐ Ϯϯ Ϯϰ ϮͬϮϱͬϮϬϭϵ ϭϯ ĂƚĞŐŽƌǇŽĨ /^KͬE>WŽŵƉůŝĂŶĐĞͲ &ĞĂƚƵƌĞƐ ^ƉĂĐĞ ^ƉĞĐŝĨŝĐĂƌĞĂ͕ƌŽŽŵ͕ŽƌĨƵŶĐƚŝŽŶ ŽŵŵĞŶƚƐ ĚŵŝŶĂŶĚ^ƚĂĨĨ ^ƉĂĐĞ >ĂďŽƌĂƚŽƌǇDĂŶĂŐĞƌKĨĨŝĐĞ ŶĐůŽƐĞĚŽĨĨŝĐĞ YƵĂůŝƚǇƐƐƵƌĂŶĐĞKĨĨŝĐĞƌ ƵďŝĐĂů ,ĞĂůƚŚΘ^ĂĨĞƚǇ>ĞĂĚĞƌ ƵďŝĐĂů dĞĐŚŶŝĐĂů>ĞĂĚĞƌ ƵďŝĐĂů ŶĂůǇƐƚƐ ƵďŝĐĂů ^ƵƉƉŽƌƚ^ƚĂĨĨ ƵďŝĐĂů YƵŝĞƚZŽŽŵ;ƐͿ ŶĐůŽƐĞĚƋƵŝƚĞǁŽƌŬĂƌĞĂ;ƐͿ dĞƐƚŝŶŐtŽƌŬ &ůŽŽƌƐ 'ĞŶĞƌĂůͬtĞƚŚĞŵŝĐĂůdĞƐƚŝŶŐ DŝĐƌŽďŝŽůŽŐŝĐĂůdĞƐƚŝŶŐ ŽŶƐŝĚĞƌƐĞƉĂƌĂƚĞǁŽƌŬĂƌĞĂƐĨŽƌǁĂƚĞƌĂŶĚǁĂƐƚĞǁĂƚĞƌƐĂŵƉůĞƐ DĞƚĂůƐdĞƐƚŝŶŐ tŝƚŚƐĞƉĂƌĂƚĞĐůĞĂŶƉƌĞƉĂƌĞĂ sŽůĂƚŝůĞKƌŐĂŶŝĐƐďǇ' WŽƐŝƚŝǀĞƉƌĞƐƐƵƌĞǌŽŶĞ ^ƉĞĐŝĂůWƌŽŐƌĂŵƐdĞƐƚŝŶŐƌĞĂ YƵĂůŝƚǇƐƐƵƌĂŶĐĞͬZĞĂŐĞŶƚWƌĞƉƌĞĂ ĂƚĂŶƚƌǇtŽƌŬƐƚĂƚŝŽŶƐ /ŶĞĂĐŚƚĞƐƚŝŶŐĂƌĞĂĂŶĚŵĂũŽƌŝŶƐƚƌƵŵĞŶƚƐ ^ĂĨĞƚǇͬWW^ƚĂƚŝŽŶƐ dĞĐŚŶŝĐĂů ^ƵƉƉŽƌƚƌĞĂƐ ^ĂŵƉůĞZĞĐĞŝǀŝŶŐĂƌĞĂ ƌŝǀĞƵƉĚĞůŝǀĞƌǇƌĞĐŽŵŵĞŶĚĞĚ ^ĂŵƉůĞ^ƚŽƌĂŐĞͬĐŚŝĞǀĞ ŽůĚƐƚŽƌĂŐĞĨŽƌƉĞƌŝƐŚĂďůĞƐĂŵƉůĞƐ ^ĂŵƉůĞ<ŝƚWƌĞƉͬ<ŝƚůĞĂŶŝŶŐƌĞĂ ŽŶƐŝĚĞƌǁŽƌŬĂƌĞĂĨŽƌĂƵƚŽƐĂŵƉůĞƌĂŶĚĨŝĞůĚĂŶĂůǇǌĞƌŵĂŝŶƚĞŶĂŶĐĞ ĂƚĂŶƚƌǇtŽƌŬƐƚĂƚŝŽŶƐ /ŶĞĂĐŚǁŽƌŬĂƌĞĂ ZĞĐŽƌĚƐ^ƚŽƌĂŐĞ ^ĞĐƵƌĞĂƌĞĂ ZĞĨĞƌĞŶĐĞDĂƚĞƌŝĂůƐͬ>ŝďƌĂƌǇ ŚĞŵŝĐĂů^ƚŽƌĂŐĞ ^ĞĐƵƌĞĂƌĞĂ /ŶƐƚƌƵŵĞŶƚ'ĂƐ^ƵƉƉůŝĞƐͬƐƚŽƌĂŐĞ ^ĞĐƵƌĞĂƌĞĂ ƋƵŝƉŵĞŶƚͬ^ƵƉƉůŝĞƐƐƚŽƌĂŐĞ W^ĞƌǀĞƌͬŽŵŵƵŶŝĐĂƚŝŽŶƌŽŽŵ ^ĞĐƵƌĞĂƌĞĂ EŽŶͲdĞĐŚŶŝĐĂů ^ƵƉƉŽƌƚƌĞĂƐ ŶƚƌĂŶĐĞͬZĞĐĞƉƚŝŽŶĂƌĞĂ ŽŶĨĞƌĞŶĐĞZŽŽŵ ^ƚĂĨĨ>ŽĐŬĞƌZŽŽŵ ZĞƐƚƌŽŽŵƐ KĨĨŝĐĞƐƵƉƉůŝĞƐĂƌĞĂ :ĂŶŝƚŽƌŝĂůƌŽŽŵ WŚǇƐŝĐĂůWůĂŶƚ DĞĐŚĂŶŝĐĂůƌŽŽŵ ,s ůĞĐƚƌŝĐĂůƌŽŽŵ ,ĂǌĂƌĚŽƵƐ>ĂďtĂƐƚĞŽŶƐŽůŝĚĂƚŝŽŶͬ^ƚŽƌĂŐĞĂƌĞĂ ZĞĐǇĐůŝŶŐͬŽŵĞƐƚŝĐtĂƐƚĞĂƌĞĂ dĞŵƉŽƌĂƌǇ>ĂďŽƌĂƚŽƌǇ^ƉĂĐĞ ZĞŶƚĂů>ĂďƐ sĞŶĚŽƌƐ͗>ĂďWƌŽ͕͘D^ƉĂĐĞDŽĚƵůĂƌŐĞŶŝƵƐ͕tŚŝƚůĞǇ DĂŶƵĨĂĐƚƵƌŝŶŐ ZĞŶƚĂůWƌŽŐƌĂŵƐĨŽƌŝŵŵĞĚŝĂƚĞ͕ƚĞŵƉŽƌĂƌǇƐƉĂĐĞ͘ ^ƵƉƉŽƌƚƐƉƌŽũĞĐƚŽǀĞƌĨůŽǁ͕ƉƌŽǀŝĚĞƚĞŵƉŽƌĂƌǇƐƉĂĐĞĚƵƌŝŶŐ ƌĞŶŽǀĂƚŝŽŶ͕ ^ŚŽƌƚͲ ŽƌůŽŶŐͲƚĞƌŵƌĞŶƚĂůƐĂƌĞĂǀĂŝůĂďůĞ͘ DŽĚƵůĂƌϭϮ഻ǆϱϬ഻ƌĞŶƚĂůƵŶŝƚƐŚĂǀĞĂŶŽƉƚŝŽŶĨŽƌ ϮͬϮϱͬϮϬϭϵ ϭϰ >ĂƌŐĞǆĂŵƉůĞϰ͕ϮϬϴ^&͘ tY> ΘW>>ĂďŽƌĂƚŽƌŝĞƐ͗EĞǆƚ'ĞŶĞƌĂƚŝŽŶ>ĂďƐ ͞^ŵĂƌƚ͟>ĂďƐ͗ ʹ ZĞƐŽƵƌĐĞ^ƵƐƚĂŝŶĂďŝůŝƚǇ ʹ WƌŽǀŝĚĞŽĐĐƵƉĂŶƚĞǆƉĞƌŝĞŶĐĞ ʹ /ŶĨŽƌŵĂƚŝŽŶdĞĐŚŶŽůŽŐǇ;>/D^Ϳ ʹ ^ǇƐƚĞŵZĞƐŝůŝĞŶĐĞ KƉĞƌĂƚŝŽŶĂůĨĨŝĐŝĞŶĐǇ dƌĂŶƐƉĂƌĞŶĐǇ ʹ ŵŽŶŐƐƚĂĨĨΘƚŚĞƉƵďůŝĐ /ŶƚĞŐƌĂƚŝŶŐ^ǇƐƚĞŵƐΘ^ƉĂĐĞƐ >ĞǀĞƌĂŐŝŶŐ^ŚĂƌĞĚͬǆƚĞƌŶĂů ZĞƐŽƵƌĐĞƐ Ϯϳ Ϯϴ ϮͬϮϱͬϮϬϭϵ ϭϱ tĂƚĞƌYƵĂůŝƚǇ>Ăď;tY>ͿWƌŽŐƌĂŵ͗ WŽůůƵƚŝŽŶŽŶƚƌŽů>Ăď;W>ͿWƌŽŐƌĂŵ͗ Ϯϵ ϯϬ ϮͬϮϱͬϮϬϭϵ ϭϲ tY> ΘW>;ŽŵďŝŶĞĚͿWƌŽŐƌĂŵ͗ tY> ΘW>͗ǆŝƐƚŝŶŐ&ĂĐŝůŝƚŝĞƐ tĂƚĞƌYƵĂůŝƚǇ>Ăď WŽůůƵƚŝŽŶŽŶƚƌŽů>Ăď ϯϭ ϯϮ ϮͬϮϱͬϮϬϭϵ ϭϳ tY> ΘW>͞&ŽƌŵĨĂĐƚŽƌƐ͟ WƌŽŐƌĂŵĂƌĞĂƐ ƐƚĂďůŝƐŚƌĞĂƐŽŶĂďůĞĂƌĞĂ ĂůůŽĐĂƚŝŽŶƐĨŽƌĞĂĐŚ ƉƌŽŐƌĂŵŵĞĚƐƉĂĐĞ ĂƐĞĚŽŶƐŝǌĞĂŶĚ ĂƌƌĂŶŐĞŵĞŶƚŽĨĨƵƌŶŝƚƵƌĞ͕ ĐĂƐĞǁŽƌŬ͕ƐŝŐŚƚůŝŶĞƐ͕ ĐŽŵŵŽŶŵŽĚƵůĞƐ͕ĞƚĐ͘ ZĞĨůĞĐƚĞĚŝŶƚŚĞƐĐŚĞĚƵůĞ ŽĨĂƌĞĂƐ;ƚĂďůĞƐͿ /ůůƵƐƚƌĂƚĞƚǇƉĞƐĂŶĚŬŝŶĚƐŽĨ ƐƉĂĐĞƐĂŶĚƚŚĞŝƌ ƌĞůĂƚŝŽŶƐŚŝƉƐ tY> ΘW>/ĚĞĂůŝǌĞĚDĂƚĞƌŝĂůƐ&ůŽǁŝĂŐƌĂŵ ϯϯ ϯϰ ϮͬϮϱͬϮϬϭϵ ϭϴ tY> ΘW>͗^ĞƉĂƌĂƚĞ͞/ĚĞĂůŝǌĞĚ͟WůĂŶŶŝŶŐ ŝĂŐƌĂŵƐ tY> ΘW>&ĂĐŝůŝƚǇWůĂŶŽŶĐĞƉƚ tY> ΘW>&ĂĐŝůŝƚǇǆŽŶŽŵĞƚƌŝĐ tY> ΘW>͗ŽŵďŝŶĞĚ͞/ĚĞĂůŝǌĞĚ͟WůĂŶŶŝŶŐ ŝĂŐƌĂŵƐ tY> ΘW>ŽŵďŝŶĞĚ&ĂĐŝůŝƚǇWůĂŶŽŶĐĞƉƚ ϯϱ ϯϲ ϮͬϮϱͬϮϬϭϵ ϭϵ tY> ΘW>͗ŽŵďŝŶĞĚ͞/ĚĞĂůŝǌĞĚ͟WůĂŶŶŝŶŐ ŝĂŐƌĂŵƐ tY> ΘW>ŽŵďŝŶĞĚ&ĂĐŝůŝƚǇǆŽŶŽŵĞƚƌŝĐ tY>͗WŚĂƐĞĚ&ĂĐŝůŝƚǇZĞŶŽǀĂƚŝŽŶΘDŽĚĞƌŶŝǌĂƚŝŽŶ tY>͗ǆŝƐƚŝŶŐ>ĂǇŽƵƚ tY>͗ĞŵŽůŝƚŝŽŶƉƉƌŽĂĐŚ tY>͗WƌŽƉŽƐĞĚZĞǀŝƐĞĚWůĂŶŶŝŶŐ>ĂǇŽƵƚ ϯϳ ϯϴ ϮͬϮϱͬϮϬϭϵ ϮϬ tY>͗W>ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐƌĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞĞǆŝƐƚŝŶŐĨĂĐŝůŝƚǇ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ WůĂŶŶŝŶŐŝƐƉƌĞƚƚǇĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶtY> ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ WůĂŶŶŝŶŐŶŽƚŝĚĞĂůŝǌĞĚ ʹ ŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ ʹ ŽƐƚĞĨĨĞĐƚŝǀĞŶĞƐƐd ʹ ŚĂŶŐĞͬŵŽǀĞƉƌŽĐĞƐƐ;ƉĞŽƉůĞͿ tY>͗W>ĚĚŝƚŝŽŶΘǆƉĂŶƐŝŽŶƉƉƌŽĂĐŚ tY>͗ǆŝƐƚŝŶŐ>ĂǇŽƵƚ tY>͗ĞŵŽůŝƚŝŽŶƉƉƌŽĂĐŚ tY> ΘW>͗WƌŽƉŽƐĞĚZĞǀŝƐĞĚWůĂŶŶŝŶŐ>ĂǇŽƵƚ ϯϵ ϰϬ ϮͬϮϱͬϮϬϭϵ Ϯϭ tY>͗W>ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞǀĞƌǇĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶƐtY> ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ DŽƌĞĐŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ;WsͿ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵ&ƚŽůůŝŶƐ;ƉĞŽƉůĞͿ ʹ ŽƐƚ tY>͗W>ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞĂǀĂŝůĂďŝůŝƚǇ ʹ WůĂŶŶŝŶŐĐĂŶďĞŵŽƐƚĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶƐtY> ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵ&ƚŽůůŝŶƐ;ƉĞŽƉůĞͿ ʹ ŽƐƚ ϰϭ ϰϮ ϮͬϮϱͬϮϬϭϵ ϮϮ W>͗WŚĂƐĞĚZĞŶŽǀĂƚŝŽŶΘDŽĚĞƌŶŝǌĂƚŝŽŶ W>͗ǆŝƐƚŝŶŐ>ĂǇŽƵƚ W>͗ĞŵŽůŝƚŝŽŶƉƉƌŽĂĐŚ W>͗WƌŽƉŽƐĞĚZĞǀŝƐĞĚWůĂŶŶŝŶŐ>ĂǇŽƵƚ W>͗tY> ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ KƉƉŽƌƚƵŶŝƚŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐƌĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞĞǆŝƐƚŝŶŐĨĂĐŝůŝƚǇ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ WůĂŶŶŝŶŐŝƐƉƌĞƚƚǇĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶW>ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ WůĂŶŶŝŶŐŶŽƚŝĚĞĂůŝǌĞĚ ʹ ŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ ʹ ŽƐƚĞĨĨĞĐƚŝǀĞŶĞƐƐd ʹ ŚĂŶŐĞͬŵŽǀĞƉƌŽĐĞƐƐ;ƉĞŽƉůĞͿ ϰϯ ϰϰ ϮͬϮϱͬϮϬϭϵ Ϯϯ W>͗tY> ĚĚŝƚŝŽŶΘǆƉĂŶƐŝŽŶƉƉƌŽĂĐŚ W>͗ǆŝƐƚŝŶŐ>ĂǇŽƵƚ W>͗ĞŵŽůŝƚŝŽŶƉƉƌŽĂĐŚ W>͗WƌŽƉŽƐĞĚZĞǀŝƐĞĚŽŵďŝŶĞĚWůĂŶŶŝŶŐ>ĂǇŽƵƚ W>͗tY> ZĞůŽĐĂƚŝŽŶΘŽŵďŝŶĞĚ>ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞǀĞƌǇĞĨĨŝĐŝĞŶƚ ʹ ZĞƚĂŝŶƐW>ƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ ŽŶƐ͗ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵ&ƚŽůůŝŶƐ;ƉĞŽƉůĞͿ ʹ ŽƐƚ ϰϱ ϰϲ ϮͬϮϱͬϮϬϭϵ Ϯϰ DƵůďĞƌƌǇ͗tY> ΘW>ŽŵďŝŶĞĚZĞůŽĐĂƚŝŽŶ >ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞǀĞƌǇĞĨĨŝĐŝĞŶƚ ʹ ͞ĞŶƚƌĂů͟ůŽĐĂƚŝŽŶ ʹ WŽƚĞŶƚŝĂůĨŽƌƉƵďůŝĐĞŶŐĂŐĞŵĞŶƚ ŽŶƐ͗ ʹ DŽƌĞĐŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ;WsͿ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵtY> ʹ ŽƐƚ DƵůďĞƌƌǇ͗tY> ΘW>ŽŵďŝŶĞĚZĞůŽĐĂƚŝŽŶ >ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞǀĞƌǇĞĨĨŝĐŝĞŶƚ ʹ ͞ĞŶƚƌĂů͟ůŽĐĂƚŝŽŶ ʹ WŽƚĞŶƚŝĂůĨŽƌƉƵďůŝĐĞŶŐĂŐĞŵĞŶƚ ŽŶƐ͗ ʹ DŽƌĞĐŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ;ƉŽŶĚͿ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵtY> ʹ ŽƐƚ ϰϳ ϰϴ ϮͬϮϱͬϮϬϭϵ Ϯϱ DƵůďĞƌƌǇ͗tY> ΘW>ZĞůŽĐĂƚĞĚŽŵďŝŶĞĚ >ĂďŽƌĂƚŽƌŝĞƐ ůƚĞƌŶĂƚĞƉƉƌŽĂĐŚ͟͞ WƌŽƐ͗ ʹ ŽŵďŝŶĞƐZĞƐŽƵƌĐĞƐ;ƐƵƐƚĂŝŶĂďŝůŝƚǇͿ ʹ >ĞǀĞƌĂŐĞƐĞǆŝƐƚŝŶŐƐŝƚĞ ʹ WůĂŶŶŝŶŐĐĂŶďĞƋƵŝƚĞĞĨĨŝĐŝĞŶƚ ʹ ͞ĞŶƚƌĂů͟ůŽĐĂƚŝŽŶ ʹ WŽƚĞŶƚŝĂůĨŽƌƉƵďůŝĐĞŶŐĂŐĞŵĞŶƚ ŽŶƐ͗ ʹ DŽƌĞĐŽŵƉůĞǆƐŝƚĞŝŶƚĞŐƌĂƚŝŽŶ;ƐŚĂƉĞͿ ʹ ^ŝƚĞŝƐƌĞŵŽƚĞĨƌŽŵtY> ʹ ŽƐƚ ϱϬ WƌĞůŝŵŝŶĂƌǇKƵƚĐŽŵĞƐΘŽŶĐůƵƐŝŽŶƐ dŽŵĞĞƚ/^KͬE>W 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DATE: June 18, 2018 PROJECT NUMBER: 486393 REVISION NO.: 01 Introduction and Objective The City is evaluating a lease to purchase alternative at the Innosphere site for the proposed combined Water Quality and Pollution Control Laboratory (WQL/PCL) versus constructing a new laboratory at the Drake Water Reclamation Facility (DWRF). Construction of a new laboratory at the DWRF has been previously described in the 2018 Water Quality & Pollution Control Labs Master Planning Study (Master Plan). The project objective is to evaluate the Innosphere alternative against the Lab Master Plan recommendation to construct the new combined laboratory facility at the site adjacent to the DWRF and determine the preferred alternative. Key issues addressed in the study include: • Feasibility of the Innosphere Building No. 2 Site, • Feasibility of the Innosphere Building No. 2 architectural concept layout, • Benefit Criteria Weighting and Scoring for decision analysis, and • Cost refinement for a lease to purchase alternative. Innosphere Background The proposed Innosphere Building No. 2 site located at 308 East Vine Drive, Fort Collins Colorado. The site location is adjacent to and west of the existing Innosphere Building No. 1, refer to Exhibit 1. Exhibit 1 – Existing Innosphere Building No 1. Building No. 2 to be located to the left of the current building. ATTACHMENT 3 FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION 2 CH2M HILL ENGINEERS, INC. Innosphere is Colorado’s leading technology incubator accelerating the success of high-impact science and technology startup and scaleup companies. Innosphere’s programs focus on ensuring companies are investor-ready, connecting entrepreneurs with experienced advisors and early hires, making introductions to corporate and strategic partners to drive customer traction, exit planning, and accelerating top line revenue growth. Innosphere’s mission is to: Accelerate job creation and entrepreneurship, and create long-term, regional economic impact by offering clients access to a broad network of specialized resources. This is accomplished through efficient, personalized growth strategies that streamline the entrepreneur’s path to success. Innosphere offers: • A history of 20 years of successful operation in Fort Collins. • An existing Building: LEED Platinum, 30,000 square feet, 3-story building, private laboratory space. • Focus on high-growth companies in three major industry categories: 1. Health Innovations (Digital Health, Medical Device, Diagnostics). 2. Software & Hardware (Internet of Things, Sensors, Enterprise Software). 3. Energy & Advanced Materials (Cleantech, Water, Transportation). • Strategic Partnerships with Colorado State, University of Colorado, & Colorado School of Mines. • City of Fort Collins’ support through economic development and Board of Director Stewardship. Innosphere’s current plans are to expand its Fort Collins’s headquarters and add 8,000 sq-ft of wet lab space to grow the biosciences sector. Innosphere also plans to build a 50,000 sq-ft facility in Denver to support the city’s growth as a technology hub and grow the science and technology sectors. Innosphere is open to partnering with the City on a lease-to-own combined laboratory alternative. Innosphere’s additional wet laboratory space needs are near term, as they are planning to design and construct an expanded lab at the site currently to meet the demand. Laboratory Needs Identified in Masterplan Study The City requires a combined lab development of approximately 18,500 sq-ft to serve the City’s Water Quality Lab, Pollution Control Lab, and Watershed Protection group. Approximately 23 staff consisting of manager, supervisors, chemist, and technicians will be located at the Lab. The space programing allocation and conceptual layout from the City’s 2018 Master Plan Study is shown in Exhibit 2. Approximately 7,400 sq-ft will be wet lab space with the remaining 12,100 square feet to provide administrative space, storage, mechanical support and meet building circulation requirements. The DWRF combined lab alternative will serve as the benchmark for the lease purchase alternative comparison. FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. 3 Exhibit - 2 – PCL/WQL Programmed Space Allocation and Conceptual Plan at the DWRF Site Innosphere Alternative The proposed site is the Innosphere property located on Innosphere site located at 308 East Vine Drive. Exhibit 3 shows the site layout for the existing Building No. 1 and proposed Building No. 2 location based on the 2010 Rocky Mountain Innovation Initiative Planning Study. Building No. 2 is planned for a footprint of 7,800 sq-ft, and up to up to 3 stories high, with a gross area of approximately 23,400 sq-ft. Innosphere has indicated that there is the potential to enlarge the Building No. 2 footprint towards Building No. 1, however, for this evaluation the planning submittal criteria and footprint are assumed to be fixed to the submitted criteria. FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION 4 CH2M HILL ENGINEERS, INC. Exhibit 3 - Site Plan for the Innosphere site Exhibit 4 provides a conceptual building elevation looking in the Southwest direction. Exhibit 4 – Building No. 2 Conceptual Elevation from Rocky Mountain Innovation Initiative Planning Study CH2M developed an updated Innosphere floor plan alternative to assess the site and building layout and ability to accommodate the program space needs from the 2018 Master Plan Study. A conceptual layout and floor plans for Building No. 2 are presented to identify how the Fort Collins WQL and PCL could be incorporated in the building while providing adequate space for Innosphere’s wet lab space requirement. The proposed site plan is presented in Exhibit 5. To accommodate the City security requirements a separate entrance is dedicated to the City along with dedicated parking for shipping and receiving and City vehicles. The site layout dictates that employee parking will be east of Building No. 1. An expanded parking lot east of Building No. 1 will be provided by Innosphere as parking is already limited for Building No. 1 occupants. There are approximately 24 covered parking stalls south of Building No. 1 that use Solar panels as a canopy shade structure. There is the potential to have some covered stalls dedicated to the City. FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. 5 Exhibit 5 – Conceptual Site layout for Innosphere Building No. 2 Alternative The floor plan layout for the building assumes a 3-story layout with a roof top penthouse mechanical area. Exhibits 6 and 7 present the proposed floor plans for the alternative that has shipping and handling on the first level, with lab space and office space on the second and third levels. Circulation corridors are shown on all levels to facilitate egress and access. The Building No. 2 floor plans provide sufficient program space, similar to the DWRF alternative, except for a garage shop facility which are omitted from the Innosphere option due to site constraints. In addition to the space provided in Building No. 2 the City also will have access to the Building No. 1 common amenities such as conference and training rooms. There is a pavilion area between Building No. 1 and 2 that provides bike storage and patio environment, but this may be adjusted depending on final building site layout. The gross area for the space dedicated to the City is approximately 19,000 sq-ft with a net area of 16,000 sq-ft. The conceptual Building No. 2 layout provides about 5,000 sq-ft of space for Innosphere’s wet lab needs which is short of the 8,000 sq-ft desired, but building footprint adjustment may result in additional space in the building if it expands towards Building No. 1. FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION 6 CH2M HILL ENGINEERS, INC. Exhibit 6 – Innosphere Alternative Level 1 and Level 2 Floor Plans FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. 7 Exhibit 7 – Innosphere Alternative Level 3 and Roof Top Floor Plans FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION 8 CH2M HILL ENGINEERS, INC. The programmed space block diagram is shown in Exhibit 8 to provide a graphical representation of the building space allocation for the City and Innosphere. Exhibit 8 – Programmed Space Block Diagram Programmed Space Comparison The programed space comparison between the combined PCL/WQL DWRF Alternative site and the Innosphere Building No. 2 site is presented in Exhibit 9. The available space in the Building No. 2 alternative compares well to the requirements of the Master Plan with a few exceptions including: • Elimination of the 2,100 sq-ft garage /shop at the Innosphere site due to access constraints. • Additional support facility area for mechanical, electrical and plumbing due to multi story configuration • Additional circulation factor is required due to multistory configuration • Addition of elevator and stairwells to accommodate multi story configuration Lab and administrative space remains unchanged from the DWRF alternative however the multistory Building No 2 limits the layout flexibility compared to the DWRF site. Both site alternative design concepts will allow for accreditation through the National Environmental Laboratory Accreditation FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. 9 Program (NELAP) and ISO/IEC 17025 General Requirements for the Competence of Testing and Calibration Laboratories. Exhibit 9 - Programmed Space Comparison between Alternatives The conclusions from the programmed space comparison and site layouts are: • The Innosphere Building No. 2 site and building can be arranged to provide the necessary space for a combined lab which meets the City’s world class vision. • Vehicle storage and parking are not ideal at the Innosphere Building no. 2 site compared to DWRF alternative which has no significant site constraints. • The Innosphere Building No. 2 multistory building limits some of the flexibility of the design when considering access to floors, elevators and circulation requirements. • Employee parking at the Innosphere site is not ideal but similar to other City facilities such as the Utilities Service Center. Non-Monetary Benefit Criteria The non-monetary benefit criteria used in the 2018 Master Plan are modified for the lease alternative evaluation to allow for more distinction between the DWRF and Innosphere’s site alternatives. Following the workshop on April 17, 2018 the following benefit categories were selected by the project team. Benefit Criteria Categories: A. Facility Flexibility B. Desired Work Location C. Proximity to Customers D. Collaborative Opportunities E. Site Layout F. Schedule or Finance Advantage FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION 10 CH2M HILL ENGINEERS, INC. The benefit categories were defined so that they may be measured objectively. The measurement criteria for each benefit shown along with its primary triple bottom line (TBL) sustainability category is shown below. Non-Monetary Benefit Definition and Measurement A. Facility Flexibility (TBL - Economic) - Configuration of building for interior realignment and/or to meet future analytical needs. Measurement: Low, Medium, High on scale of 1-5. Flexibility Considerations: • Is a 3-story building interior as adaptable as a single story? • Do stairwell, elevator, and mechanical needs limit ideal layout? • Does potential expansion into space to be occupied by Innosphere mitigate concerns? • Does shared space limit flexibility? • Does design through Innosphere's Design Build Contractor delivery limit City input versus the alternate product delivery system (APDS) method? • Is a more commercial building acceptable compared to typical City facility features? B. Desired Work Location (TBL - Social) - Desirable work location, to help attract staff, retain staff, enhance perception of workplace environment. Measurement: Good, Better, Best on scale of 1- 5. Desired Work Location Considerations: • Ease of access to City amenities (Downtown, City Health Center)? • Commute, or traffic concerns? • Access to natural areas, etc.? C. Proximity to Customers (TBL - Environment) Proximity to primary customers including treatment operations and distribution and watershed sampling sites to maximize process coordination, efficiency, minimize travel time, and reduce greenhouse gases. Measurement: Good, Better, Best on scale of 1-5. Proximity Considerations: • Advantage to lab location at a City Treatment Facility and primary customer? • More efficient sampling program start and end location? • Access by external customers (Districts, Watershed Stakeholder, Public)? D. Collaborative Opportunities (TBL - Economic) Ability to provide a synergistic approach with educational institutions and research startups. Influence from Innosphere’s entrepreneurial culture associated with economic growth and development atmosphere. Measurement: Good, Better, Best on scale of 1-5. Collaborative Considerations: • Are collaboration opportunities and culture driven by site location? • Does Innosphere provide tangible collaborative opportunities of interest and benefit to City and Staff? FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. 11 E. Site Layout (TBL - Environment) Ability of the lab to provide a functional working site layout with parking, storage, sample prep and receiving area. Site Layout Considerations: • Does site layout promote efficiency and quality? • Can Innosphere parking concerns be adequately mitigated by design? F. Schedule or Finance Advantage (TBL - Economic) Time for the laboratory to become operational based upon financing, land acquisition and construction. Schedule and Finance Considerations: • Innosphere delivery is estimated at 2 to 4 years faster than City’s budget for outcome (BFO) process; is 2 to 4 years of operation at the WQL and PCL possible without major investments? • Financing through lease-to-own reduces initial capital outlay, similar to bond. Benefit Weighting Representatives from Utility management, Treatment Plant managers, Lab Supervisors, Chemist and Analyst and Watershed Staff were asked to weigh the benefit criteria based on relative importance and then score each criterion. The average score of the 18 participants are presented in Table 1 below. Table 1- Summary of Criteria weighting Benefit Category Average Weight Rank Median Min Max A. Facility Flexibility 18.06 3 20.00 0.00 30.00 B. Desired Work Location 16.67 4 15.00 5.00 40.00 C. Proximity to Customers 23.33 1 20.00 10.00 70.00 D. Collaborative Opportunities 9.44 6 10.00 0.00 20.00 E. Site Layout 19.72 2 20.00 5.00 35.00 F. Schedule or Finance Advantage 12.78 5 10.00 0.00 30.00 Total 100 The average weighting score indicates that proximity to customers was the most valued criterion followed by site layout and facility flexibility. Collaborative opportunities and schedule/financial advantage were weighted lowest. The average and median scores align well but there are a few examples of highly valued and minimally valued criteria based on the minimum and maximum scoring. A complete list of the City staff weighting and scoring is provided as Attachment 1. Benefit Scoring Following the weighting of the benefit criteria, staff were asked to score each alternative according to the measurement criteria. The results of the scoring are presented in Table 2. The benefit scores are adjusted for a 1-5 scale as presented in Exhibit 10. Exhibit 10 illustrates the benefit scoring of the DWRF (3.31) and Innosphere (3.15) alternatives. The alternatives have relatively close benefit scores but the weighted scores show a slight preference for the DWRF site based on total benefits. The weighting FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION 12 CH2M HILL ENGINEERS, INC. played an important part of the ranking. The majority (10 out of 18) of the reviewers preferred the Innosphere Alternative over the DWRF Alternative. Table 2 – Benefit Score Summary Benefit Score Summary A. Facility Flexibility B. Desired Work Location C. Proximity to Customers D. Collaborative Opportunities E. Site Layout F. Schedule or Finance Advantage Quantitative Scoring Criteria Low Ability = 1 Medium = 3 High = 5 Good = 1 Better = 3 Best = 5 Good = 1 Better = 3 Best = 5 Low = 1 Medium = 3 High = 5 Low = 1 Medium = 3 High = 5 Long = 1 Medium = 3 Short = 5 Benefit Scores 1 Drake WRF 4.4 2.7 3.4 2.3 4.2 1.8 2 Innosphere Building No. 2 2.6 3.6 2.5 4.0 2.7 4.6 Exhibit 10 – Benefit Score Summary Chart 0.79 0.47 0.46 0.60 0.79 0.58 0.21 0.36 0.83 0.54 0.23 0.60 0 1 2 3 4 5 Drake WRF Innosphere Building 2 Total Benefit Score FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. 13 Benefit/Cost Analysis A benefit cost analysis is provided that uses the DWRF cost from the 2018 Master Plan prepared by Hydro Construction and estimated capital and construction cost assumptions provided by Innosphere. An updated cost for the Innosphere design and construction is required based on the 3-story concept to allow for improved cost comparison. Contingencies for the DWRF are factored into Hydro’s line item costs. Contingencies for the Innosphere Building No. 2 were factored in by escalating the 467 $ /sq-ft estimate (provided by Innosphere) to 500 $/sq-ft to account for the 3-story vs one story, then a 25 percent enhanced facility finish allowance was added to upgrade the commercial cost basis to City facility level of service expectations. Table 3 provides a summary of the total project costs. Table 3 – Total project Cost Summary Cost Category DWRF Alternative Innosphere Building No. 2 Alterative Construction Cost from Hydro Construction and Innosphere (Respectively) $14,515,000 $11,309,500 Enhance Scope/ Finish Allowance $2,180,000 $2,437,500 Total Construction Cost Budget $16,695,000 $13,747,000 Engineering and Engineering Services During Design $2,670,000 $975,000 City Project Management Staff $600,000 $600,000 APDS Contractor Consulting During Design $25,000 $0 Project Capital Cost Total $19,990,000 $15,322,000 Both alternatives include cost allowances for demolition and abatement of existing Facilities, moving, and new equipment. The cost advantage of the Innosphere site are due to: • Limited site work as Building no 1 provides the core infrastructure for a developed site, • A fixed building footprint, • A defined architectural concept for building exterior and structural elements (set by building no 1), and • Commercial design-build model that provides reduced construction engineering and services during construction requirements compared to APDS. The commercial design build delivery model may limit input on design by the City compared to the collaborative APDS model that stresses overall project value and quality, compared to cost. Cost must be confirmed by Innosphere as the project progresses as their cost estimates are gross square foot estimates and not as detailed as those developed by Hydro Construction. However, Innosphere costs are they are based on historical cost numbers for Building No. 1 which is an attractive facility. The benefit cost summary is illustrated in Exhibit 11. FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION 14 CH2M HILL ENGINEERS, INC. Exhibit 11 – Benefit/Cost Analysis Summary The benefit and cost conclusions are: • The benefit cost ratio is highest for the Innosphere Building No. 2 Alternative which makes this alternative the potential best value, but still has some uncertainty (cost, schedule, finance). • Conceptual cost estimate is significantly lower for the Innosphere Building No. 2Alternative. This estimate must be formally vetted with Innosphere design-build contractor. • City financing alternatives may change the overall value of bond vs lease-to-own terms based on rates and financing periods. • The collaborative benefits of Innosphere Building No. 2 Alternative are speculative and not highly prioritized by staff based on benefit ranking. • DWRF scored highest in the top 3 benefit criteria categories, should the City compromise on these benefit criteria categories for a long-term World Class lab? The City should engage Innosphere to determine if there is opportunity for project refinements as Innosphere plans to move forward with the 8,000 sq-ft building phase in the near future. Project timing may be a fatal flaw if Innosphere’s schedule prohibits engagement, but recent conversation indicate that Innosphere still has interest in the joint project. Recommendation and Next Steps We recommend that the City advance the Innosphere Alternative to confirm cost and schedule assumptions given the relatively close benefits score and benefit cost ratio of each alternative considered. There will be a need to re-evaluate cost benefits once cost, schedule and finance terms are 2.91 3.62 $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 0 1 2 3 4 5 6 Drake WRF Innosphere Building No. 2 Total Project Cost Total Benefit Score, Overall Benefit/Cost Ratio Overall Benefit-Cost Summary Higher Total Benefit-Cost Score = Better Benefit:Cost Ratio A. Facility Flexibility B. Desired Work Location C. Proximity to Customers D. Collaborative Opportunities E. Site Layout F. Schedule or Finance Advantage Benefit /Total Project Cost Ratio Project Capital Cost FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. 15 better defined. Both alternatives provide similar total benefits, but there are trade-offs between the sites and differences in delivery model that need to be better understood. Both sites will require coordination with the City building department and code compliance review of the design as part of the planning and approval process. The following next steps are necessary should the City wish to proceed with further evaluation. 1) If the City prefers to be at the Innosphere site, the following are required: a) Negotiate lease-to-purchase contract terms b) Confirm delivery model (Design Build with Innosphere’s Contractor/Architect team with City input during design and construction) c) Firm up City finance options d) Advance the conceptual layout to address the City’s main concerns: i) Building vehicle access, staff parking, and bulk gas storage, ii) Building code issues related to Americans with Disabilities Act (ADA) access, elevator use for sample and reagent transport, and HVAC for multistory building, e) Confirm construction cost, lease to purchase rates, and applicable fees f) Confirm critical decision time frame that meets Innosphere and City planning needs. 2) If the City prefers the DWRF site the following is required: a) Perform 30 percent design and update budget through Alternate Product Delivery System (APDS) b) Advance project through budget-for-outcome (BFO) process c) Confirm schedule and invest in existing WQL and PCL as necessary to bridge facility needs. FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. Attachment – 1 Innosphere Conceptual Site and Floor Plans BUILDING # 1 BUILDING # 2 BIKE PARKING PAVILION N EXISTING SITE PLAN 308 EAST VINE DR, FORT COLLINS, COLORADO CITY OF FORT COLLINS : LABORATORY LEASE ALTERNATIVE MAY 11, 2018 BUILDING # 1 BUILDING # 2 BIKE PARKING PAVILION CITY OF FORT COLLINS LAB ENTRY INNOSHPERE ENTRY DESIGNATED SAMPLE DELIVERY PARKING N NEW SITE PLAN CITY OF FORT COLLINS : LABORATORY LEASE ALTERNATIVE MAY 11, 2018 GRAPHIC LEGEND CIRCULATION SUPPORT 60' - 0" 130' - 0" INNOSPHERE INNOSPHERE 5060 SF STAIR 200 SF ELEVATOR 100 SF DATA/TELE COM 100 SF ELECTRICAL CLOSET 40 SF RESTROOM 407 SF STORAGE 207 SF SAMPLING AND RECEIVING 400 SF CHEMICAL GAS STORAGE 300 SF STAIR 200 SF CIRCULATION 233 SF LOBBY 253 SF G F E D C B A 1 2 3 20' - 0" 22' - 0" 22' - 0" 22' - 0" 22' - 0" 20' - 0" 29' - 0" 29' - 0" GRAPHIC LEGEND CIRCULATION SUPPORT 130' - 0" 60' - 0" OFFICES LABS LABS 3534 SF STAIR 200 SF ELEVATOR 100 SF DATA/TELE COM 100 SF ELECTRICAL CLOSET 40 SF GRAPHIC LEGEND CIRCULATION SUPPORT OFFICES 130' - 0" 60' - 0" LABS LABS 3534 SF OFFICES 1400 SF STAIR 200 SF SHAFT 100 SF DATA/TELE COM 100 SF ELEVATOR 100 SF ELECTRICAL CLOSET 40 SF RESTROOM 407 SF STAIR 200 SF STORAGE 308 SF CIRCULATION 940 SF LABS 282 SF G F E D C B A 1 2 3 20' - 0" 22' - 0" 22' - 0" 22' - 0" 22' - 0" 20' - 0" 29' - 0" 29' - 0" GRAPHIC LEGEND MECHANICAL PENTHOUSE STAIR 200 SF ELEVATOR 100 SF SHAFT 100 SF MECHANICAL ROOM 1120 SF STORAGE 344 SF ROOF G F 1 2 3 20' - 0" 29' - 0" 29' - 0" CITY OF FORT COLLINS : LABORATORY LEASE ALTERNATIVE MAY 11, 2018 LABS OFFICES SUPPORT INNOSHPERE GROSS AREA OF LABORATORY LEASE ALTERNATIVE + + + = 19037 SF CITY OF FORT COLLINS : LABORATORY LEASE ALTERNATIVE MAY 11, 2018 LABS LABS LABS OFFICES OFFICES SAMPLING & CHEM GAS STORAGE MECH/ELEC/TELE/SHAFT TOILET ROOMS STORAGE STAIRS & ELEVATORS 7350 SF 2700 SF 5990 SF LABS OFFICES SUPPORT TOTAL AREA 16040 SF CITY OF FORT COLLINS : LABORATORY LEASE ALTERNATIVE MAY 11, 2018 FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. Attachment – 2 Detailed Non-Monetary Benefit Weighting & Scoring Summary Category/Reviewer A. Facility Flexibility 15 20 20 0 25 10 30 30 15 5 10 30 30 25 15 20 20 5 18.06 20.00 0.00 30.00 B. Desired Work Location 15 15 20 10 5 25 20 20 10 30 40 5 10 5 5 10 25 30 16.67 15.00 5.00 40.00 C. Proximity to Customers 15 15 10 70 30 20 20 20 25 20 20 20 15 10 50 30 10 20 23.33 20.00 10.00 70.00 D. Collaborative Opportunities 10 20 10 0 5 15 5 10 20 10 5 5 5 15 5 10 0 20 9.44 10.00 0.00 20.00 E. Site Layout 20 10 20 20 25 10 20 10 20 5 20 35 30 25 20 20 35 10 19.72 20.00 5.00 35.00 F. Schedule or Finance Advantage 25 20 20 0 10 20 5 10 10 30 5 5 10 20 5 10 10 15 12.78 10.00 0.00 30.00 Total 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100.00 Category/Reviewer A. Facility Flexibility 5 3 5 3 5 3 4 5 5 5 5 3 5 5 5 5 3 5 4.39 5.00 3.00 5.00 79.2 B. Desired Work Location 3 1 1 3 5 3 2 3 5 1 1 1 5 3 5 5 1 1 2.72 3.00 1.00 5.00 45.4 C. Proximity to Customers 3 1 3 5 5 3 3 3 5 1 3 1 5 5 5 5 3 3 3.44 3.00 1.00 5.00 80.4 D. Collaborative Opportunities 1 1 3 3 3 1 2 1 3 1 5 3 1 1 3 3 3 3 2.28 3.00 1.00 5.00 21.5 E. Site Layout 5 3 5 4 5 3 5 3 5 3 3 3 5 5 5 5 3 5 4.17 5.00 3.00 5.00 82.2 F. Schedule or Finance Advantage 1 1 1 3 3 1 2 3 1 1 1 1 3 1 3 2 1 3 1.78 1.00 1.00 3.00 22.7 Total 18 10 18 21 26 14 18 18 24 12 18 12 24 20 26 25 14 20 18.78 331 Category/Reviewer A. Facility Flexibility 3 1 3 3 1 5 2 3 1 3 3 3 3 3 1 4 2 3 2.61 3.00 1.00 5.00 47.15 B. Desired Work Location 5 3 5 3 1 5 5 3 3 5 5 1 1 5 1 3 5 5 3.56 4.00 1.00 5.00 59.26 C. Proximity to Customers 3 1 5 1 1 5 3 3 3 3 3 1 1 3 1 1 2 5 2.50 3.00 1.00 5.00 58.33 D. Collaborative Opportunities 5 5 5 3 5 5 4 1 5 5 1 3 5 5 3 4 3 5 4.00 5.00 1.00 5.00 37.78 E. Site Layout 3 3 3 3 3 3 2 1 1 3 3 3 3 3 1 5 3 3 2.72 3.00 1.00 5.00 53.69 F. Schedule or Finance Advantage 5 5 5 4 5 5 4 3 5 5 5 3 5 5 5 4 5 5 4.61 5.00 3.00 5.00 58.92 Total 24 18 26 17 16 28 20 14 18 24 20 14 18 24 12 21 20 26 20.00 315 Indv. Weighted Total Alt1- Drake 300 160 300 460 470 230 340 340 420 130 240 240 460 350 480 450 230 270 Indv. Weighted Total Alt2 - Innosphere 400 310 420 160 210 480 300 260 290 440 380 250 280 380 130 320 340 470 Indvidual Preference by Weighted score Innosphere Innosphere Innosphere Drake Drake Innosphere Drake Drake Drake Innosphere Innosphere Innosphere Drake Innosphere Drake Drake Innosphere Innosphere Max Management Treatment Managers Lab Analyst/Chemist/Supervisors Watershed Min Lab Analyst/Chemist/Supervisors Watershed Score Alt 2 Innosphere Average Median Median Min Max Score Alt 1 DWRF Average Median Min Max Management Treatment Managers Management Treatment Managers Lab Analyst/Chemist/Supervisors Watershed Weight Average FORT COLLINS LAB FACILITY - INNOSPHERE ALTERNATIVE EVALUATION CH2M HILL ENGINEERS, INC. Attachment – 3 Innosphere Response to Information Request 320 East Vine Drive Suite 101, Fort Collins, CO 80524 To: Al Paquet, PE CH2M From: Mike Freeman, Innosphere, CEO Date: March 28, 2018 Re: City of Fort Collins Utilities and Innosphere Lab Space: Partnership Proposal This memo is a follow-up from initial meetings between the City of Fort Collins Utilities staff and Innosphere, Colorado’s leading high-tech incubator, regarding a potential collaboration to build a joint facility which would include wet lab space for Innosphere and wet lab space with office to accommodate the City of Fort Collins Utilities need for a new water analytics lab. The vision for this collaboration is in part due to a project in Denver that has been announced between Denver Water and Colorado State University (CSU) to build a water analytics center on the National Western Complex grounds. While this project is several years away from reality, the concept sparked the idea of a collaboration with Fort Collins Utilities to accomplish many of the same objectives. Innosphere is a long-standing partner of the City of Fort Collins and CSU. Innosphere’s incubation program supports science and technology startup and scaleup companies from across the Front Range. Vision for the collaboration includes the following high-level goals: 1. Build a water innovation hub that would house City of Fort Collins Utilities operations 2. Leverage the proximity of the City utilities staff to selectively support water analytics and water quality related startup companies with access to their staff’s insight 3. Further the City as a Platform concept and provide a means for the Innovate Fort Collins program to have a water-related focus point 4. Take advantage of construction cost synergies to provide a more cost-effective solution for both the City and Innosphere Questions posed of Innosphere: Innosphere’s goal is to facilitate a joint project with the City of Fort Collins. We are not a real estate organization, and believe our long-term interests around a collaboration with the City is the single most important motivation to try and find a partnership solution. INNOSPHERE MEMO 2 Accelerating the success of Colorado’s high-tech startups and scaleups Group One Questions: Innosphere’s recommendation is to pursue a lease-to-own option. Given we are not a real estate organization and not looking for a real estate return on investment, the objective is to find a balanced financing option that accommodates both parties’ interests. A lease-to-own option makes sense as Innosphere is a 501(c)(3) non-profit organization, and both Innosphere and the City have long-term goals of sustaining business operations over an extended period. For this reason, we don’t see a long-term lease option as being optimal for the City. We do see a lease- to-own option being advantageous for the City as it avoids up front potential bonding or other financing hurdles for the capital improvements. Innosphere’s current gross lease rate for our lab space is $30 sq/ft per year (this includes all costs except for internet/phone lines and individual office cleaning). Innosphere proposes we use our current lease rate as the starting point for discussion and any cost adjustments can be based on future detailed cost estimates. This rate is inclusive of all maintenance and operation costs including utilities, HVAC, security systems, and other major building systems. Tenant improvement allowances have not been considered at this point. Innosphere is open to discussion about tenant improvements and expectations of the City. Current rates include the cleaning of common areas but not individual offices. It is expected that the City would utilize Innosphere’s existing custodial service provider for the cleaning of common areas, or if desired, contract with another cleaning company (in this case, gross lease rate would be reduced to reflect the City’s direct procurement of cleaning services). Group Two Questions: Innosphere envisions an expansion facility similar to the existing facility. The building features envisioned in the expansion are labs and office space for City staff, in addition to lab space for Innosphere client companies. At this point, we do not see any extraordinary features being planned into the facility. The site is approved for a three story 23,400 gross sq/ft facility. There appears to be some ability to expand the floor plate to better maximize the building site. Discussions around this idea can be broached in future meetings. Innosphere had a professional estimator develop a budget for one floor of wet lab space with the labs outfitted with cabinets, hoods, etc. That budget is $3.6M or $461sq/ft. This includes contingency for the builder and Innosphere and all other direct costs. Additional cost estimates need to be made to calculate second floor lab and third floor office. Building security and access is envisioned to be that the facility would not have general public access (employee only). General public inquiries and walk-in traffic would be routed to the existing facility front desk which is staffed throughout the work day. When appropriate, visitors to the building would be escorted to the expansion facility by a current tenant or City staff. The existing Innosphere facility has a combination of keyed doors and card access. Labs are accessed through key readers. External access doors are card access. In the new facility, it’s envisioned that the second and third floors would be accessible only to City employees. 3 Accelerating the success of Colorado’s high-tech startups and scaleups Specialized security needs are easily planned during design and construction phases. Currently, there are no security cameras in use. It is envisioned that City staff would utilize the large meeting/conference rooms in the main building. These rooms are shared spaces and scheduled by tenants. These meeting rooms can hold up to 130 people and are ideal for staff and community meetings. Group Three Questions: One challenge of the site will be parking. There are two thoughts on accommodating parking: 1. Innosphere improves the area located east of the building for additional parking. Innosphere has a cross access parking agreement with the property owner. 2. City evaluates increasing the parking lot size of the funded kayak park located south of the Innosphere site. More discussion is needed about parking options. Group Four Questions: Adjacent property to Innosphere is zoned commercial and would not allow for uses that would contaminate the City labs or spaces. Shared facilities such as the large conference rooms are scheduled on a first come basis. Group Five Questions: Innosphere believes there are significant benefits in this partnership. Facility related benefits: 1. Providing the City with a lease-to-own option to reduce upfront capex expenses can be a significant alternative to typical capital financing. 2. The Innosphere site is fully entitled which will speed up the overall development, with the exception of detailed building design needing approval. 3. Common spaces would be available to the City to facilitate community meetings and stakeholder meetings in a highly desirable facility that is easily accessible. 4. The close proximity to the Poudre River and pending river improvements can be a benefit to City Utilities. 5. Partnering to promote a “Water Innovation Center” would build the City’s innovation brand and provide practical access to innovative Innosphere Client Companies in the high-tech water industry. Water Fund Prioritization & Funding Schedule Priority Alternative Name Relative Weight Division 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Future 1 Water Treatment Facility Replacement Program 4.58 Water Production $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 2 Water Quality Lab Remodel 3.85 Environmental Services $ 1,300,000 $ 1,300,000 $ 10,000,000 3 Azalea Waterline Repairs 3.64 Water Distribution $ 450,000 4 Water System Replacement Master Plan Priority 1 3.42 Water Distribution $ 1,900,000 5 Water System Replacement Master Plan Priority 2 3.28 Water Distribution $ 1,350,000 6 Water Distribution System Replacement 3.26 Water Distribution $ 1,000,000 $ 1,110,000 $ 1,825,000 $ 2,173,000 $ 3,300,000 $ 3,515,000 $ 5,211,000 $ 4,651,000 $ 2,351,000 $ 4,751,000 $ 6,451,000 7 Water Meter Replacement Program Water Distribution $ 800,000 $ 800,000 $ 800,000 $ 800,000 $ 800,000 $ 800,000 $ 800,000 $ 800,000 $ 800,000 $ 800,000 $ 800,000 8 Water System Replacement Master Plan Priority 3 3.18 Water Distribution $ 1,600,000 9 Water Quality Lab Instrumentation Replacement Program 3.16 Environmental Services $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 10 Water System Replacement Master Plan Priority 4 3.03 Water Distribution $ 3,000,000 11 24" Poudre Pipeline Replacement Evaluation & Installation 2.93 Water Production $ 800,000 $ 10,921,000 12 Water System Replacement Master Plan Priority 5 2.93 Water Distribution $ 2,300,000 13 Water System Replacement Master Plan Priority 6 2.91 Water Distribution $ 2,000,000 14 Water System Replacement Master Plan Priority 7 2.8 Water Distribution $ 1,300,000 15 Water System Replacement Master Plan Priority 8 2.79 Water Distribution $ 1,800,000 16 Sodium Hypochlorite On‐site Generation 2.71 Water Production $ 10,982,000 17 Cathodic Protection ‐ Northeast Water Transmission Main 2.69 Water Distribution $ 2,280,000 18 Finished Water Treated Storage 2.66 Water Production $ 13,888,000 19 PAC Contact Time Improvements 2.61 Water Production $ 688,000 20 Cathodic Protection ‐ Trans & Dist Mains 2.53 Water Distribution $ 312,000 $ 510,000 $ 357,000 21 Poudre Pipeline blowoff installation, valve replacement and slope stabilization. 2.52 Water Production $ 569,000 22 Water System Replacement Master Plan Priority 9 2.41 Water Distribution $ 4,100,000 23 Finished Water Metering 2.41 Water Production $ 357,000 24 Water System Replacement Master Plan Priority 10 2.32 Water Distribution $ 1,700,000 25 Sludge (Solids) Drying Pad 2.32 Water Production $ 1,346,000 26 East Backwash Waste Pond Liner 1.95 Water Production $ 1,535,000 27 Horsetooth Reservoir Second Outlet 1.91 Water Production $ 4,680,000 28 HT Reservoir PVP Connection 1.84 Water Production $ 560,000 29 Solar Power Project 1.46 Water Production $ 1,883,000 30 Finished Water Reservoir Bypass 1.46 Water Production $ 530,000 31 Solids Drying Lagoons Liner 1.38 Water Production $ 2,395,000 32 Rapid Drain Recycle Pond Liner 1.26 Water Production $ 2,049,000 33 Granular Activated Carbon Filters 0 Water Production $ 72,700,000 34 Ozone\BAC 0 Water Production $ 26,900,000 35 UV Disinfection 0 Water Production $ 17,200,000 36 Water Quality/Pollution Control Master Plan Environmental Services $ 110,000 WR 1 Water Supply Development MINOR CAPITAL Water Resources $ 500,000 $ 500,000 $ 135,000 $ 140,000 $ 145,000 $ 151,000 $ 157,000 $ 163,000 $ 169,000 $ 176,000 $ 183,000 WR 2 Halligan Reservoir Enlargement Project (Prior Appropriations) Water Resources $ 428,000 $ 2,000,000 $ 2,900,000 $ 3,800,000 $ 2,900,000 $ 5,800,000 $ 20,500,000 $ 19,000,000 $ ‐ $ ‐ WR 3 ELC Diversion Structure Water Resources $ 1,250,000 Unranked Filter to Waste Water Production $ 2,000,000 Unranked Solids Handling ‐ Centrifuge Water Production $ 8,000,000 Unranked Water Supply Vulnerability Assessment Water Resources $ 250,000 $ 100,000 Unranked Asset Register and Work Order Management System Water Fund $ 275,000 $ 160,000 Unranked Customer Information Billing System Water Fund $ 637,000 Unranked Underground Electrical Power Supply Water Production $ 650,000 $ 650,000 Unranked Watershed Protection Water Resources $ 80,000 $ 80,000 Division 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Future Environmental Services $ 1,460,000 $ 1,350,000 $ 50,000 $ 50,000 $ 10,050,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ - Water Distribution $ 4,150,000 $ 5,540,000 $ 4,537,000 $ 6,483,000 $ 6,757,000 $ 6,315,000 $ 7,311,000 $ 7,251,000 $ 7,251,000 $ 7,251,000 $ 7,251,000 Water Fund Service Area ‐ wide $ 275,000 $ 797,000 $ - $ - $ - $ - $ - $ - $ - $ - Water Production $ 2,450,000 $ 1,650,000 $ 3,174,000 $ 2,535,000 $ 1,000,000 $ 16,771,000 $ 3,395,000 $ 14,031,000 $ 1,000,000 $ 1,000,000 ######## Water Resources $ 1,258,000 $ 2,680,000 $ 3,035,000 $ 3,940,000 $ 4,295,000 $ 5,951,000 $ 20,657,000 $ 19,163,000 $ 169,000 $ 176,000 $ 183,000 Wastewater Fund Prioritization & Funding Schedule Number Project Name Division Relative Weight 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Future 1 DWRF Digester Lid Replacements (612) Water Reclamation 3.37 $ 2,100,000 2 Pollution Control Lab Instrumentation Replacement Program Environmental Services 3.25 $ 50,000 $ 30,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 3 WRF Master Plan Update Water Reclamation 3.19 $ 500,000 4 DWRF Sidestream Treatment Water Reclamation 3.18 $ 4,300,000 5 Pollution Control Lab "Clean Room" Improvements MINOR CAPITAL Environmental Services 2.93 $ 70,000 6 DWRF Carbon Addition Improvements Water Reclamation 2.77 370,000 7 DWRF Dewatering Improvements Water Reclamation 2.64 $ 2,135,000 $ 2,135,000 8 Collection System Replacement Wastewater Collection 2.56 $ 1,156,000 $ 1,093,000 $ 1,452,000 $ 1,598,000 $ 1,757,000 $ 1,933,000 $ 2,126,000 $ 2,339,000 $ 2,573,000 $ 2,830,000 $ 3,113,000 9 Collection System CIPP Wastewater Collection 2.56 $ 450,000 $ 450,000 $ 600,000 $ 600,000 $ 600,000 $ 600,000 $ 600,000 $ 600,000 $ 600,000 $ 600,000 $ 600,000 10 Collection System ‐ Old Town Sewer Main Replacement ‐ Zone 19 Wastewater Collection 2.55 11 Collection System I&I Study Wastewater Collection 2.43 $ 200,000 12 WRF Replacement Program 2017 Water Reclamation 2.42 $ 1,000,000 13 Collection System ‐ Old Town Sewer Main Replacement ‐ Zone 21 Wastewater Collection 2.41 $ 1,100,000 14 DWRF Bar Screen/Wash Press replacement Water Reclamation 2.33 $ 2,350,000 15 Collection System ‐ Old Town Sewer Main Replacement ‐ Zone 8 Wastewater Collection 2.32 $ 800,000 16 Collection System ‐ Old Town Sewer Main Replacement ‐ Zone 48 Wastewater Collection 2.31 $ 500,000 17 MWRF Carbon Addition Improvements Water Reclamation 2.29 $ 333,000 18 WRF Replacement Program 2018 Water Reclamation 2.28 $ 1,000,000 19 Collection System ‐ Old Town Sewer Main Replacement ‐ Zone 24 Wastewater Collection 2.26 800,000 20 Collection System ‐ Sewer Hydraulic Model Support MINOR CAPITAL Wastewater Collection 2.25 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 21 Collection System ‐ Old Town Sewer Main Replacement ‐ Zone 2 Wastewater Collection 2.18 $ 500,000 22 DWRF Sludge Strain Press Redundancy Water Reclamation 2.14 $ 720,000 $ 800,000 23 Collection System ‐ Old Town Sewer Main Replacement ‐ Zone 45 Wastewater Collection 2.1 $ 900,000 24 WRF Replacement Program 2019 Water Reclamation 2.06 $ 1,000,000 25 MWRF Future Phosphorus Regulatory Improvements (Filters & Pumps) Water Reclamation 2.04 $ 8,240,000 26 Collection System ‐ Old Town Sewer Main Replacement ‐ Zone 0 Wastewater Collection 2.03 $ 500,000 27 DWRF Future North Process Train Nitrogen Regulatory Improvements Water Reclamation 2 31,950,000 28 MWRF ‐ Future Nitrogen Regulatory Improvements (ASB Expansion) Water Reclamation 1.96 $ 4,635,000 29 Collection System ‐ Septic System Elimination Master Plan Wastewater Collection 1.95 30 DWRF Future Phosphorus Regulatory Improvements Water Reclamation 1.94 32,220,000 31 WRF Replacement Program 2020 Water Reclamation 1.9 $ 1,000,000 32 Collection System ‐ Old Town Sewer Main Replacement ‐ Zone 18 Wastewater Collection 1.85 $ 400,000 33 MSR Stock Well, Fence, Road, Culvert Replacements MINOR CAPITAL Water Reclamation 1.8 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 34 WRF Replacement Program 2021 Water Reclamation 1.74 $ 1,000,000 35 Collection System ‐ Old Town Sewer Main Replacement ‐ ZOne 3 Wastewater Collection 1.73 $ 500,000 36 DWRF Future South Process Train Nitrogen Regulatory Improvements Water Reclamation 1.72 8,450,000 37 WRF Replacement Program 2022 Water Reclamation 1.7 $ 1,000,000 38 MSR ‐ Apron for Drying Pad Pond Water Reclamation 1.67 $ 209,500 39 MSR ‐ Equipment Storage Facility Water Reclamation 1.56 $ 838,000 40 MSR ‐ Jordon Residence Demo Water Reclamation 1.51 $ 111,000 41 DWRF Replace South Process Train Final Clarifier Mechanisms Water Reclamation 1.5 $ 1,070,000 42 DWRF ‐ Food Waste Receiving Mods Water Reclamation 1.31 $ 120,000 43 DWRF Replace Primary Pump Station Boilers and Controls Water Reclamation 1.06 $ 1,200,000 44 MWRF House Deconstruction Water Reclamation 1.04 $ 93,000 45 Water Quality/Pollution Control Master Plan Environmental Services $ 100,000 $ 10,000,000 46 Reserve Funding for Anticipated Regulatory Projects* Water Reclamation $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 Unranked Asset Register and Work Order Management System Wastewater Fund 1.04 $ 275,000 $ 160,000 Unranked Biogas to Co‐Gen Project Supplemental Funding Water Reclamation $ 440,000 Unranked Customer Information Billing System Wastewater Fund $ 507,000 Environmental Services $ 220,000 $ 30,000 $ 50,000 $ 10,050,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 Wastewater Collection $ 1,856,000 $ 1,593,000 $ 3,202,000 $ 3,048,000 $ 2,907,000 $ 3,383,000 $ 3,276,000 $ 3,889,000 $ 4,123,000 $ 3,980,000 $ 3,763,000 Wastewater Fund $ 275,000 $ 667,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - Water Reclamation $ 6,845,000 $ 12,385,000 $ 5,733,000 $ 3,540,000 $ 3,050,000 $ 3,050,000 $ 2,050,000 $ 2,050,000 $ 2,259,500 $ 5,362,000 $ 87,545,000 Total $ 9,196,000 $ 14,675,000 $ 8,985,000 $ 16,638,000 $ 6,007,000 $ 6,483,000 $ 5,376,000 $ 5,989,000 $ 6,432,500 $ 9,392,000 $ 91,358,000 ATTACHMENT 5 1 Jill Oropeza, Carol Webb, and Lance Smith February 26, 2019 City / Innosphere Laboratory Partnership Project ATTACHMENT 6 Today’s Agenda • Background • Case for Action • Alternatives Evaluation • Summary of Terms • Costs and Financing • Next Steps 2 Direction Sought Does City Council have specific feedback on the proposed project? Does City Council support the proposed partnership and recommend bringing the agreements to City Council for Approval? 3 Strategic Alignment 4 Environmental Health •4.6 high quality water supply •4.7 regulatory compliance •4.9 healthy Poudre River High Performing Government •7.1 world class services •7.8 maintain/renew assets • collaborate with regional partners Drinking Water Quality Policy •Plan, design, construct, maintain, lab assets Water Quality Services • Two laboratory facilities • Watershed Program • 19 employees • Critical lab and watershed services 5 Lab Master Planning • Condition of facilities documented in past master plans • Age evident in volume/cost of corrective maintenance • Anticipate significant renovation/replacement in future • Lab Replacement included in current Capital Improvement Plan - $20M in 2017 6 Master Plan Goals • Define the City’s world-class vision for Water Quality Services • Conduct condition assessment • Define future requirements • Develop feasibility level costs • Determine preferred alternative based on a cost – benefit analysis • Align with guiding Drinking Water Quality Policy 7 World-Class Vision • Meet national and international laboratory standards • Provide a minimum 30-year facility life • Enhance laboratory workflows • Meet or exceed health and safety requirements for Division employees and enhance the overall work environment • Promote organizational efficiency and improve the level of service for customers 8 World Class Lab Space 9 Condition Assessment 10 • Structures are minimally sound and satisfactory • Require major renovation to meet minimum requirements and future needs. • Driven by work flow, work environment, energy code and repair and replacement needs • Ability to expand at current sites is limited • Significant improvements required to maintain status quo • Current facilities cannot meet lab master plan goals 11 Water Quality Lab Hallway Water Quality Lab Ceiling Pollution Control Lab Interior Lab Photos Pollution Control Lab Chemical Storage Alternatives Assessment • No Action Alternative • Outsourcing laboratory analytical services • Renovating or constructing new separate WQL and PCL facilities • Consolidating Facility at a single location • Leasing Commercial space • Partnering with Innosphere addendum to master plan 12 Assessment Methodology • Non-monetary benefits criteria aligned with TBL Methodology • Criteria include: • Level of outsourcing • Future accreditation • Facility flexibility, working environment, and disruption of service • Level of service for customers • Evaluation involved multiple stakeholders (staff, leadership, customers) • Non-monetary benefits compared to conceptual cost of each alternative • Combined lab at Drake Facility most favorable benefit-cost score 13 14 • Innosphere Mission • Technology incubation • Job Creation • Long-term regional economic impact • City Mission • World-class municipal services through operational excellence and a culture of innovation • Proposal • Collaborate on laboratory and office space that meets the mission of both parties 15 Innosphere Partnership Proposed Innosphere Site 16 Partnership Benefits Innosphere  Water Innovation Hub  Wet lab space for science and technology startups.  Proximity of City staff  Further City as a Platform  Provide means for the Innovate Fort Collins program to have a water-related focus point.  Cost sharing  Furthering develop and attract economic vitality to Old Town North and specifically the Vine Drive area. City  Cost efficiencies associated with building ready site and experience contractors  Close proximity to public/private facilities to facilitate innovation and collaboration in the community  Equidistant between primary customers  Efficient sample collection routes  Avoid significant investments in current laboratory infrastructure  Meet world-class lab vision 17 18 Benefits Comparison 2.91 3.62 $0 $5M $10M $15M $20M $25M 0 1 2 3 4 5 Drake WRF Innosphere Building No. 2 Total Project Cost Total Benefit Score, Overall Benefit/Cost Ratio A. Facility Flexibility C. Proximity toCustomers E. SiteLayout Benefit /Total Project Cost Ratio B. Desired Work Location D. Collaborative Opportunities F. Schedule or Finance Advantage Project Capital Cost Proposed Partnership Terms Agreement Structure Purchase and sales agreement, 2/3 City, 1/3 Innosphere for building and land Facility Design and Construction 1. Three floors, ~ 25,000 square feet 2. Costs split 2/3 City and 1/3 Innosphere except City exclusive costs 3. Conformance to all City design and construction standards 4. Innosphere design team and construction contractor with City reps on team 5. All project costs are fixed unless the City has approved change order. Financing 1. $400K City prior to design period. If partnership is terminated, payment will be refunded less real costs attributable to the City’s portion of the project. 2. Innosphere funds all other costs of design and construction except Owner’s rep fees 3. City pays remaining costs to Innosphere following approval of purchase and sales agreement, appropriation of funds, and issuance of CO. 19 Proposed Partnership Terms Parking (negotiations ongoing) Agreement with adjacent landowner. Cost share proposal is City 1/3 and Innosphere 2/3 cost of parking lot improvements. Title Closing and Documentation Costs Title Closing and Commitment proposed to be paid by the City. All other costs including condo, recording, and closing fees to be split 50/50. Condo Assoc. and Post Closing Management Third Party Facilities Management Use City maintenance staff, utilities metered separately Possible use of Innosphere front desk staff for reception and receiving. Purchase Option Option to purchase the top floor and remaining 1/3 land interest after 8 years at fair market value based on appraisal 20 Conceptual Cost Analysis • Conceptual estimates for all alternatives. • Utilized to develop cost-benefit ratios • Total Cost Analysis developed for varying financing options 21 Financial Overview • Current Capital Improvement Plans (CIPs) include lab renewal / replacement at $10M in each Fund • Lab costs shared evenly between Water & Wastewater Funds • Current Fund balances and prior appropriations allow for funding of the new facility utilizing Available Reserves • Water Fund has approximately $28M of available reserves • Wastewater Fund has approximately $24M of available reserves 22 Rate Impacts • Because the labs are included in the current CIPs the rate impact of these appropriations is already considered in the rate forecasts • Wastewater Fund • Water Fund 23 24 Timeline / Next Steps City, RMI agreement on Terms CFC Presentation, Direction to proceed (Y/N) Council Work Session to review plans and terms of agreement (Y/N) Water Board Presentation Negotiate Purchase & Sale Agreement Full Council Approval of Purchase & Sale Agreement (Y/N) Signed Purchase & Pay $400K to RMI Sale Agreement Design Process Begins Determine Guaranteed Maximum Price Appropriation by City Council (Y/N) Construction Certificate of Occupancy / Final Purchase / Close Jan 2019 Jan 28, 2019 March 21 Apr Mar - Apr Oct-Nov TBD TBD Feb 28, 2019 Oct Apr - Oct March Apr Direction Sought Does City Council have specific feedback on the proposed project? Does Council support the proposed partnership and recommend bringing the agreements to City Council for Approval? 25 indicates changes made Total $ 9,593,000 $ 12,017,000 $ 10,796,000 $ 13,008,000 $ 22,102,000 $ 29,087,000 $ 31,413,000 $ 40,495,000 $ 8,470,000 $ 8,477,000 $ 152,711,000 ATTACHMENT 4 1" = 30'-0" 1 LEVEL_3 1" = 30'-0" 2 ROOF_PLAN RESTROOM 407 SF OFFICES 1300 SF STORAGE 308 SF STAIR 200 SF CIRCULATION 940 SF LOCKER ROOM 188 SF SHAFT 100 SF LOCKER ROOM 188 SF G F E D C B A 1 2 3 20' - 0" 22' - 0" 22' - 0" 22' - 0" 22' - 0" 20' - 0" 29' - 0" 29' - 0" CITY OF FORT COLLINS : LABORATORY LEASE ALTERNATIVE MAY 11, 2018 1" = 30'-0" 1 LEVEL_1 1" = 30'-0" 2 LEVEL_2 Total Benefit Score Higher Score = More Benefit A. Facility Flexibility B. Desired Work Location C. Proximity to Customers D. Collaborative Opportunities E. Site Layout F. Schedule or Finance Advantage ĐƵƐƚŽŵŝǌĂƚŝŽŶ͘ >ĂďƐĨĞĂƚƵƌĞƐ͗ ʹ ^ĞĂŵůĞƐƐ&ŝďĞƌŐůĂƐƐZĞŝŶĨŽƌĐĞĚWůĂƐƚŝĐ;&ZWͿtĂůůƐ ʹ ^ĞĂŵůĞƐƐƉŽǆǇ&ůŽŽƌƐ ʹ dƌĞƐƉĂŽƵŶƚĞƌƚŽƉƐ ʹ >ĂďĐŽŶĐŽ&ƵŵĞ,ŽŽĚƐ ʹ ŽŶƚŽƵƌ^ƚĞĞůĂƐĞǁŽƌŬ ʹ DƵůƚŝͲŽŵƉůĞǆhŶŝƚƐ^ĞǀĞƌĂůƵŶŝƚƐĐĂŶďĞĐŽŵďŝŶĞĚƚŽ ŵĞĞƚƐƉĞĐŝĨŝĐŶĞĞĚƐ Ϯϱ Ϯϲ Ͳtd& ůƚ͘ϯ͘ϮͲͲŽŶƐƚƌƵĐƚĂ EĞǁŽŵďŝŶĞĚ>ĂďͲ tZ& ůƚ͘ϯ͘ϯͲͲŽŶƐƚƌƵĐƚ ĂEĞǁŽŵďŝŶĞĚ>Ăď ͲDtZ& ůƚ͘ϯͲͲZĞŶŽǀĂƚĞ ǆŝƐƚŝŶŐƵŝůĚŝŶŐĨŽƌ ŽŵďŝŶĞĚ>Ăď;ůĞĂƐĞͿ dŽƚĂůWƌĞƐĞŶƚtŽƌƚŚŽƐƚ dŽƚĂůĞŶĞĨŝƚ^ĐŽƌĞ͕KǀĞƌĂůůĞŶĞĨŝƚͬŽƐƚZĂƚŝŽ KǀĞƌĂůůĞŶĞĨŝƚͲŽƐƚ^ƵŵŵĂƌǇ ,ŝŐŚĞƌdŽƚĂůĞŶĞĨŝƚͲŽƐƚ^ĐŽƌĞсĞƚƚĞƌĞŶĞĨŝƚ͗ŽƐƚZĂƚŝŽ ͘>ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ ͘&ƵƚƵƌĞĐĐƌĞĚŝƚĂƚŝŽŶ ͘&ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ ͘>ĞǀĞůŽĨ^ĞƌǀŝĐĞ ͘WƌŽǆŝŵŝƚǇƚŽƵƐƚŽŵĞƌƐ &͘^ŽƵƌĐĞƐŽĨŽŶƚĂŵŝŶĂƚŝŽŶ '͘tŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ E&/dͬdKd>WZ^EdtKZd,;E&/dͲK^d^KZͿ dKd>WZ^EdtKZd,K^d;ϯйŝŶƚĞƌĞƐƚ͕ϮϬǇĞĂƌƐͿ ϭϱ ϭϲ Ϭ͘ϯϱ Ϭ͘ϯϱ Ϭ͘ϭϮ Ϭ͘ϯϬ Ϭ͘Ϯϭ Ϭ͘ϭϲ Ϭ͘ϱϬ Ϭ͘Ϯϭ Ϭ͘ϱϬ Ϭ͘ϱϬ Ϭ͘ϱϱ Ϭ͘ϱϱ Ϭ͘ϱϱ Ϭ͘ϰϬ Ϭ͘ϯϮ Ϭ͘ϭϴ Ϭ͘ϲϭ Ϭ͘ϵϬ Ϭ͘ϵϬ Ϭ͘ϵϬ Ϭ͘ϵϬ Ϭ͘ϲϭ Ϭ ϭ Ϯ ϯ ϰ ϱ ůƚ͘ϬͲEŽĐƚŝŽŶ ůƚĞƌŶĂƚŝǀĞ ůƚ͘ϭͲKƵƚƐŽƵƌĐŝŶŐ ŶĂůǇƚŝĐĂů^ĞƌǀŝĐĞƐ ůƚ͘ϮͲZĞŶŽǀĂƚĞ ǆŝƐƚŝŶŐtY>ĂŶĚ W> ůƚ͘ϮͲͲŽŶƐƚƌƵĐƚ ĂEĞǁ>ĂďĂƚĞĂĐŚ td&ͬtZ& ůƚ͘ϯ͘ϭͲͲ ŽŶƐƚƌƵĐƚĂEĞǁ ŽŵďŝŶĞĚ>ĂďͲ td& ůƚ͘ϯ͘ϮͲͲŽŶƐƚƌƵĐƚ ĂEĞǁŽŵďŝŶĞĚ >ĂďͲtZ& ůƚ͘ϯ͘ϯͲͲ ŽŶƐƚƌƵĐƚĂEĞǁ ŽŵďŝŶĞĚ>ĂďͲ DtZ& ůƚ͘ϯͲͲZĞŶŽǀĂƚĞ ǆŝƐƚŝŶŐƵŝůĚŝŶŐĨŽƌ ŽŵďŝŶĞĚ>Ăď ;ůĞĂƐĞͿ dŽƚĂůĞŶĞĨŝƚ^ĐŽƌĞ dŽƚĂůĞŶĞĨŝƚ^ĐŽƌĞ ,ŝŐŚĞƌ^ĐŽƌĞсDŽƌĞĞŶĞĨŝƚ ͘>ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ ͘&ƵƚƵƌĞĐĐƌĞĚŝƚĂƚŝŽŶ ͘&ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ ͘>ĞǀĞůŽĨ^ĞƌǀŝĐĞ ͘WƌŽǆŝŵŝƚǇƚŽƵƐƚŽŵĞƌƐ &͘^ŽƵƌĐĞƐŽĨŽŶƚĂŵŝŶĂƚŝŽŶ '͘tŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ ϭϭ ϭϮ ůƚĞƌŶĂƚŝǀĞϯ͗ŽŶƐŽůŝĚĂƚĞĚ>ĂďŽƌĂƚŽƌǇƚŽ^ĞƌǀĞƚŚĞtY>ĂŶĚW>&ƵŶĐƚŝŽŶƐĂƚĂ^ŝŶŐůĞ>ŽĐĂƚŝŽŶ͗ ůƚĞƌŶĂƚŝǀĞϯ͗ŽŶƐƚƌƵĐƚŶĞǁůĂďŽŶĂŐƌĞĞŶĨŝĞůĚƐŝƚĞƚŽƉƌŽǀŝĚĞďŽƚŚǁĂƚĞƌƋƵĂůŝƚǇĂŶĚƉŽůůƵƚŝŽŶ ĐŽŶƚƌŽůĂŶĂůǇƐĞƐĂƐĚĞĨŝŶĞĚŝŶƚŚĞĞǀĂůƵĂƚŝŽŶŶĞĞĚƐĂƐƐĞƐƐŵĞŶƚ͘ ʹ ϯ͘͘ϭŽŶƐƚƌƵĐƚĂƚƚŚĞtd& ʹ ϯ͘͘ϮŽŶƐƚƌƵĐƚĂƚƚŚĞtZ& ʹ ϯ͘͘ϮŽŶƐƚƌƵĐƚĂƚƚŚĞDtZ& ůƚĞƌŶĂƚŝǀĞϯ͗ZĞŶŽǀĂƚĞĂŶĞǆŝƐƚŝŶŐďƵŝůĚŝŶŐŽƌĨĂĐŝůŝƚǇŽǁŶĞĚŽƌƉƵƌĐŚĂƐĞĚďǇƚŚĞŝƚǇ͘WŽƚĞŶƚŝĂůƐŝƚĞƐ ĐŽƵůĚďĞĞǆŝƐƚŝŶŐǀĂĐĂŶƚĐŽŵŵĞƌĐŝĂůĨĂĐŝůŝƚŝĞƐ͕ŝƚǇͲŽǁŶĞĚĨĂĐŝůŝƚŝĞƐ͕ŽƌƵŶƵƚŝůŝǌĞĚĨĞĚĞƌĂůĨĂĐŝůŝƚǇĂƐƐĞƚƐ͘ ϯ ϰ ůƚ͘ϯ͘ϮͲͲ ŽŶƐƚƌƵĐƚĂEĞǁ ŽŵďŝŶĞĚ>ĂďͲ W> ůƚ͘ϯ͘ϯͲͲ ŽŶƐƚƌƵĐƚĂEĞǁ ŽŵďŝŶĞĚ>ĂďͲ DƵůďĞƌƌǇ ůƚ͘ϯͲͲZĞŶŽǀĂƚĞ ǆŝƐƚŝŶŐƵŝůĚŝŶŐ ĨŽƌŽŵďŝŶĞĚ>Ăď ;ůĞĂƐĞͿ dŽƚĂůĞŶĞĨŝƚ^ĐŽƌĞ dŽƚĂůĞŶĞĨŝƚ^ĐŽƌĞ ,ŝŐŚĞƌ^ĐŽƌĞсDŽƌĞĞŶĞĨŝƚ ͘>ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ ͘&ƵƚƵƌĞĐĐƌĞĚŝƚĂƚŝŽŶ ͘&ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ ͘>ĞǀĞůŽĨ^ĞƌǀŝĐĞ ͘WƌŽǆŝŵŝƚǇƚŽƵƐƚŽŵĞƌƐ &͘^ŽƵƌĐĞƐŽĨŽŶƚĂŵŝŶĂƚŝŽŶ '͘tŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ ϯϵ ϰϬ ĐƵƐƚŽŵŝǌĂƚŝŽŶ͘ >ĂďƐĨĞĂƚƵƌĞƐ͗ ʹ ^ĞĂŵůĞƐƐ&ŝďĞƌŐůĂƐƐZĞŝŶĨŽƌĐĞĚWůĂƐƚŝĐ;&ZWͿtĂůůƐ ʹ ^ĞĂŵůĞƐƐƉŽǆǇ&ůŽŽƌƐ ʹ dƌĞƐƉĂŽƵŶƚĞƌƚŽƉƐ ʹ >ĂďĐŽŶĐŽ&ƵŵĞ,ŽŽĚƐ ʹ ŽŶƚŽƵƌ^ƚĞĞůĂƐĞǁŽƌŬ ʹ DƵůƚŝͲŽŵƉůĞǆhŶŝƚƐ^ĞǀĞƌĂůƵŶŝƚƐĐĂŶďĞĐŽŵďŝŶĞĚƚŽ ŵĞĞƚƐƉĞĐŝĨŝĐŶĞĞĚƐ ϵ ϭϬ DĂŶƉŽǁĞƌEĞĞĚĞĚĨŽƌĂWƌŽŐƌĂŵŽĨ&ƵůůKƵƚƐŽƵƌĐŝŶŐс ΨϮ͕ϯϮϯ͕ϵϬϬͬǇĞĂƌ ϱ ϲ ŽĚĞŽŵƉůŝĂŶƚ WƌŽŵŽƚĞƐĂĨĞƚǇ ƵůƚƵƌĞ ϯ ϰ ĐŽŶƐƚƌƵĐƚŝŽŶΘĨŝŶŝƐŚŝŶŐ ^ŝƚĞĐŝǀŝůĂŶĚ ŐƌŽƵŶĚǁŽƌŬ ϭϵ ϮϬ ƚƌĞĂƚŵĞŶƚƉůĂŶƚƐ͕ƵƚŝůŝƚǇƐĞƌǀŝĐĞ ĐĞŶƚĞƌƐ ǆƉĞƌŝĞŶĐĞŝŶĐůƵĚĞƐĂƌĐŚŝƚĞĐƚƵƌĂůͬ ĞŶŐŝŶĞĞƌŝŶŐĚĞƐŝŐŶ͕ƉƌŽũĞĐƚ ŵĂŶĂŐĞŵĞŶƚ͕ƐƉĞĐŝĨŝĐĂƚŝŽŶ͕ĚĞƐŝŐŶ͕ ǀĂůƵĞĞŶŐŝŶĞĞƌŝŶŐ͕ĂŶĚĚĞƐŝŐŶͬďƵŝůĚ ĂĚŵŝŶŝƐƚƌĂƚŝŽŶŵĂŶĂŐĞŵĞŶƚ͘ /ŶƚĞŐƌĂƚĞĚDƵůƚŝĚŝƐĐŝƉůŝŶĂƌǇWůĂŶŶŝŶŐ ĂŶĚĞƐŝŐŶdĞĂŵ >ĂďŽƌĂƚŽƌǇĚĞƐŝŐŶ͕ǁĂƚĞƌůĂďĞǆƉĞƌŝĞŶĐĞ͕ĂĚŵŝŶŝƐƚƌĂƚŝǀĞĂŶĚ ĞĚƵĐĂƚŝŽŶĂůĨĂĐŝůŝƚǇĚĞƐŝŐŶ͕ĂŶĚǁĂƚĞƌĨĂĐŝůŝƚǇĞǆƉĞƌŝĞŶĐĞ /ŵŵĞĚŝĂƚĞƚĞĂŵĂǀĂŝůĂďŝůŝƚǇĂŶĚĐŽŵŵŝƚŵĞŶƚ ǆƉĞƌƚŝƐĞŝŶZĂƉŝĚWƌŽƚŽƚǇƉŝŶŐ /ŶƚĞŐƌĂƚĞĚĂƌĐŚŝƚĞĐƚƵƌĂůĂŶĚĞŶŐŝŶĞĞƌŝŶŐĚĞƐŝŐŶ ^>>ĂďŽƌĂƚŽƌǇǆƉĞƌŝĞŶĐĞ &ĂŵŝůŝĂƌŝƚǇǁŝƚŚŝƚǇŽĨ&ŽƌƚŽůůŝŶƐƉĞƌƐŽŶŶĞů͕ƉƌŽĐĞĚƵƌĞƐ͕ĂŶĚW^ W,ƌĞŐƵůĂƚŽƌǇĂƉƉƌŽǀĂůƉƌŽĐĞƐƐ KƵƌƚĞĂŵďƌŝŶŐƐĂŐůŽďĂůƉƌĞƐĞŶĐĞĂŶĚĂƐŝŶŐƵůĂƌǀŝƐŝŽŶƚŽĚŝƐĐŽǀĞƌďĞƚƚĞƌ ǁĂǇƐĨŽƌƉĞŽƉůĞ͕ƚĞĐŚŶŽůŽŐǇ͕ďƵŝůĚŝŶŐƐ͕ĂŶĚƚŚĞĞŶǀŝƌŽŶŵĞŶƚƚŽǁŽƌŬ ƚŽŐĞƚŚĞƌ͘ ϵ ϭϬ • /ŶĐƌĞĂƐŝŶŐƚŚĞŶƵŵďĞƌŽĨƐƚĂīƚŽƌƵŶĂŐƌĞĂƚĞƌĨƌĞƋƵĞŶĐǇŽĨĂŶĂůǇƐŝƐ͕ĂŶĚͬŽƌ • ǆƉĂŶĚŝŶŐƚŚĞůĂďŽƌĂƚŽƌǇĨŽŽƚƉƌŝŶƚƚŽĂůůŽǁĨŽƌŝŶĐƌĞĂƐĞŝŶƐĂŵƉůĞǀŽůƵŵĞ ĂŶĚĨƌĞƋƵĞŶĐǇŽĨĂŶĂůǇƐŝƐ͘ KŶĐĞƚŚĞŝƚǇ͛Ɛ>ĂďĐŽŶĐĞƉƚƵĂůĚĞƐŝŐŶŝƐĮŶĂůŝǌĞĚƚŚĞƌĞǁŝůůďĞƚŚĞŽƉƉŽƌƚƵŶŝƚǇƚŽ ĞŶŐĂŐĞƉŽƚĞŶƟĂůĚŝƐƚƌŝĐƚƐƚĂŬĞŚŽůĚĞƌƐƌĞŐĂƌĚŝŶŐůĞǀĞůŽĨĨĂĐŝůŝƚǇŝŶǀĞƐƚŵĞŶƚĂŶĚ ƚŽĂƐƐĞƐƐĐŽƐƚŽĨĂŶĂůǇƟĐĂůƐĞƌǀŝĐĞƐ͕ĂŶĚƌĞĮŶĞƚŚĞůĂďŽƌĂƚŽƌǇůĂǇŽƵƚĚƵƌŝŶŐƚŚĞ ƉƌĞůŝŵŝŶĂƌǇĚĞƐŝŐŶƉŚĂƐĞƚŽĂĐĐŽŵŵŽĚĂƚĞƌĞŐŝŽŶĂůŝǌĂƟŽŶŶĞĞĚƐ͘ ĞŝůŝŶŐZĞƉůĂĐĞŵĞŶƚ ΨϬ Ψϱϴ͕ϬϬϬ ΨϬ ΨϬ ΨϬ Ψϱϴ͕ϬϬϬ ĂƐĞǁŽƌŬ;ŵĂũŽƌͿ Ψϳϱ͕ϬϬϬ Ψϳϱ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϭϱϬ͕ϬϬϬ 'ĂƐWŝƉŝŶŐZĞŵŽǀĂů Ψϱ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϬ Ψϱ͕ϬϬϬ ŽůĚ^ƚŽƌĂŐĞ /ŵƉƌŽǀĞŵĞŶƚƐ;ŵĂũŽƌͿ ΨϴϬ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϬ ΨϴϬ͕ϬϬϬ ŽůĚ^ƚŽƌĂŐĞ /ŵƉƌŽǀĞŵĞŶƚƐ;ŵŝŶŽƌͿ ΨϬ ΨϬ ΨϬ ΨϬ ΨϬ ΨϬ ,hZĞƉůĂĐĞŵĞŶƚ ΨϬ ΨϭϲϬ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϭϲϬ͕ϬϬϬ WdhŶŝƚƐ ΨϱϬ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϬ ΨϱϬ͕ϬϬϬ ^ĂĨĞƚǇ^ŚŽǁĞƌ DŽĚŝĮĐĂƟŽŶƐ ΨϬ ΨϮϮ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϮϮ͕ϬϬϬ ^ǁŝƚĐŚΘKƵƚůĞƚ /ŵƉƌŽǀĞŵĞŶƚƐ Ψϳ͕ϱϬϬ Ψϳ͕ϱϬϬ ΨϬ ΨϬ ΨϬ Ψϭϱ͕ϬϬϬ ^ƚĂŶĚďǇWŽǁĞƌ ΨϭϬ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϬ ΨϭϬ͕ϬϬϬ hW^ZĞƉůĂĐĞŵĞŶƚ ΨϬ ΨϭϬϬ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϭϬϬ͕ϬϬϬ ,ĂǌĂƌĚDĂƚĞƌŝĂůƐ ďĂƚĞŵĞŶƚ ΨϱϬ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ΨϬ ΨϱϬ͕ϬϬϬ Totals per year $603,500 $489,000 $0 $15,000 $15,000 Total $1,122,500 ʹ>ĞǀĞůŽĨ^ĞƌǀŝĐĞ DDDDD 6 Ϯϭй Ϯ ʹWƌŽǆŝŵŝƚǇƚŽƵƐƚŽŵĞƌƐ F ' Ϯ ϳй 6 &ʹ^ŽƵƌĐĞƐŽĨŽŶƚĂŵŝŶĂƟŽŶ F ' F ϯ ϭϭй 5 'ʹtŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ '' 5 ϭϴй ϯ ,ʹŝƐƌƵƉƟŽŶŽĨƐĞƌǀŝĐĞ ,ϬϬйϴ Total 28 100% Water Quality & Pollution Control Non-Monetary Benefit Criteria dŚĞƉƌŽũĞĐƚƚĞĂŵĚĞǀĞůŽƉĞĚĂůŝƐƚŽĨŶŽŶͲŵŽŶĞƚĂƌǇďĞŶĞĮƚƐĐƌŝƚĞƌŝĂƚŽƐƵƉƉŽƌƚ ƚŚĞ ďĞŶĞĮƚͬĐŽƐƚ ĂŶĂůǇƐŝƐ͘ dŚĞ ƌŝƚĞƌŝĂǁĞƌĞĚĞǀĞůŽƉĞĚĚƵƌŝŶŐƚŚĞĂůƚĞƌĂƟǀĞ ǁŽƌŬƐŚŽƉ͘ƌŝƚĞƌŝĂǁĞƌĞŝŶŝƟĂůůǇĚĞǀĞůŽƉĞĚŝŶĚĞƉĞŶĚĞŶƚůǇďǇƚŚĞtY>ĂŶĚW> ƐƚĂīƚŚĞŶĐŽŵďŝŶĞĚŝŶĂƐŝŶŐůĞůŝƐƚ͘dŚĞďĞŶĞĮƚĐƌŝƚĞƌŝĂĐĂƚĞŐŽƌŝĞƐĚĞƚĞƌŵŝŶĞĚ ĂƌĞůŝƐƚĞĚďĞůŽǁ͘ ͘>ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐ ͘ &ƵƚƵƌĞĐĐƌĞĚŝƚĂƟŽŶ ͘ &ĂĐŝůŝƚǇ&ůĞǆŝďŝůŝƚǇ ͘ >ĞǀĞůŽĨ^ĞƌǀŝĐĞ ͘ WƌŽǆŝŵŝƚǇƚŽƵƐƚŽŵĞƌƐ &͘ ^ŽƵƌĐĞƐŽĨŽŶƚĂŵŝŶĂƟŽŶ '͘tŽƌŬŝŶŐŶǀŝƌŽŶŵĞŶƚ ,͘ŝƐƌƵƉƟŽŶŽĨ^ĞƌǀŝĐĞ dŚĞďĞŶĞĮƚĐĂƚĞŐŽƌŝĞƐǁĞƌĞĚĞĮŶĞĚƐŽƚŚĂƚƚŚĞǇŵĂǇďĞŵĞĂƐƵƌĞĚŽďũĞĐƟǀĞůǇ͘ dŚĞŵĞĂƐƵƌĞŵĞŶƚĐƌŝƚĞƌŝĂĨŽƌĞĂĐŚďĞŶĞĮƚƐŚŽǁŶĂůŽŶŐǁŝƚŚŝƚƐƉƌŝŵĂƌǇdƌŝƉůĞ ŽƩŽŵ>ŝŶĞ;d>Ϳ^ƵƐƚĂŝŶĂďŝůŝƚǇĐĂƚĞŐŽƌǇŵĞĂƐƵƌĞŵĞŶƚŝƐƐŚŽǁŶďĞůŽǁ͘ ʹ>ĞǀĞůŽĨKƵƚƐŽƵƌĐŝŶŐʹ;d>ĐĂƚĞŐŽƌǇ^ŽĐŝĂůͿ DĞĂƐƵƌĞĚďǇƚŚĞŶƵŵďĞƌŽĨĂŶĂůǇƐĞƐĐŽŵƉůĞƚĞĚďǇƚŚŝƌĚƉĂƌƚǇůĂď͖ƚŚĞƉƌŝŵĂƌǇ ĐŽŶĐĞƌŶ ŝƐ ĂŶ ŝŶĐƌĞĂƐĞĚ ƋƵĂůŝƚǇ ĐŽŶƚƌŽů ƌŝƐŬ ĂŶĚ ůŽǁĞƌ ƐĞƌǀŝĐĞ ĨƌŽŵ ŽƵƚƐŝĚĞ ůĂďƐ͘ƵƌƌĞŶƚůǇƚŚĞƌĞŝƐŵŝŶŝŵĂůŽƵƚƐŽƵƌĐŝŶŐŽĨƌĞƋƵŝƌĞĚĂŶĂůǇƟĐĂůǁŽƌŬůŝŵŝƚĞĚ ƚŽ ƋƵĂƌƚĞƌůǇ ďŝŽĂƐƐĂǇ ƚŽǆŝĐŝƚǇ ƚĞƐƚ ƉĂƌĂŵĞƚĞƌƐ͕ ƐĞŵŝĂŶŶƵĂů ŽƌŐĂŶŝĐƐ ďǇ ŐĂƐ ĐŚƌŽŵĂƚŽŐƌĂƉŚƚĞƐƟŶŐ͕ĂŶĚĐǇĂŶŝĚĞ͘ ʹ&ƵƚƵƌĞĐĐƌĞĚŝƚĂƟŽŶʹ;d>ĐĂƚĞŐŽƌǇ^ŽĐŝĂůͿ >Ăď͛Ɛ ĂďŝůŝƚǇ ƚŽ ŵĞĞƚ /^K͕ ^ƚĂƚĞ ĂĐĐƌĞĚŝƚĂƟŽŶ Žƌ EĂƟŽŶĂů ŶǀŝƌŽŶŵĞŶƚĂů >ĂďŽƌĂƚŽƌǇĐĐƌĞĚŝƚĂƟŽŶWƌŽŐƌĂŵ;E>WͿ͘dŚĞ/^KĂŶĚE>WĂĐĐƌĞĚŝƚĂƟŽŶ ĂƌĞ ƉƌĞƌĞƋƵŝƐŝƚĞ ŐŽĂůƐ ĨŽƌ Ă ǁŽƌůĚ ĐůĂƐƐ ĨĂĐŝůŝƚǇ͘ /^K ĐĞƌƟĮĐĂƟŽŶ ŝƐ ĚƌŝǀĞŶ ďǇ ŵĂŶĂŐĞƌŝĂů ƐǇƐƚĞŵƐ ĨŽƌ ƋƵĂůŝƚǇ͕ ĂĚŵŝŶŝƐƚƌĂƟǀĞ ĨƵŶĐƟŽŶƐ͕ ĂŶĚ ƚĞĐŚŶŝĐĂů ƌĞƋƵŝƌĞŵĞŶƚƐƚŽĂĐŚŝĞǀĞĂůĞǀĞůŽĨƋƵĂůŝƚǇĂŶĚĐŽŵƉĞƚĞŶĐǇ͘ ƐĞĂƌĐŚ;ŵĞƚǁŝƚŚ:ŽƐŚŝƌŬƐ͕ϭϭͲϵͲϭϳͿ͘dŚĞƐĞĂƌĐŚĐŽŶĐůƵĚĞĚƚŚĂƚ͗ • dŚĞƌĞĂƌĞŶŽƐŝŐŶŝĮĐĂŶƚĞǆŝƐƟŶŐǁĞƚƉƌŽĐĞƐƐƐƉĂĐĞƐĂǀĂŝůĂďůĞŽŶ ƚŚĞŵĂƌŬĞƚ • ǀĂŝůĂďůĞƐƉĂĐĞǁĂƐŐĞŶĞƌĂůůǇǁĂƌĞŚŽƵƐĞͬŝŶĚƵƐƚƌŝĂůƐƉĂĐĞŝŶůŽĐĂƟŽŶ ŽƵƚƐŝĚĞŽĨƚŚĞŝƚǇƐĞƌǀŝĐĞĂƌĞĂůŝŵŝƚƐ͕ • dŚĞĐŽƐƚƚŽĐŽŶǀĞƌƚǁĂƌĞŚŽƵƐĞƐƉĂĐĞƚŚĞŶůĞĂƐĞŝƐŶŽƚĐŽŶƐŝĚĞƌĞĚ ĞĐŽŶŽŵŝĐĂůůǇĂĚǀĂŶƚĂŐĞŽƵƐ͕ • dŚĞƌĞŝƐĂĚĞŵĂŶĚĨŽƌǁĞƚƉƌŽĐĞƐƐůĂďƐƉĂĐĞƚŚĂƚŵĂǇĚƌŝǀĞĨƵƚƵƌĞ ŝŶǀĞƐƚŵĞŶƚƐŝŶǁĞƚůĂďĂŶĚƌĞƐĞĂƌĐŚĨĂĐŝůŝƟĞƐ͕ • dŚĞŝƚǇ͛Ɛ/ŶŶŽǀĂƟŽŶŝƐƚƌŝĐƚĚĞǀĞůŽƉŵĞŶƚŵĂǇĂƩƌĂĐƚĚĞǀĞůŽƉĞƌƐǁŚŽ ǁĂŶƚƚŽƉĂƌƚŶĞƌǁŝƚŚƚŚĞŝƚǇ͕,ŝŐŚĞƌĚƵĐĂƟŽŶŝŶƐƟƚƵƟŽŶƐ͕ĂŶĚWƌŝǀĂƚĞ ZĞƐĞĂƌĐŚĐŽŵƉĂŶŝĞƐĨŽƌůĂďŽƌĂƚŽƌǇƚǇƉĞƐƉĂĐĞ͘ dŚĞŝƚǇŚĂƐĞƐƚĂďůŝƐŚĞĚĚŝƐƟŶĐƚĚĞǀĞůŽƉŵĞŶƚĚŝƐƚƌŝĐƚƐŝŶƚŚĞŽǁŶƚŽǁŶƐŚŽǁŶ ďĞůŽǁ͘dŚĞ/ŶŶŽǀĂƟŽŶŝƐƚƌŝĐƚŝƐĂĚũĂĐĞŶƚƚŽƚŚĞWŽƵĚƌĞZŝǀĞƌ͕ƐŚŽǁŶďĞůŽǁ͘ Admin Quiet Rm 50 2 100 Admin Total 2700 Support Sample/Recv'g 400 1 400 Support Mech/Elect/Plumb 1500 1 1500 Support Toilet Rms/Locker Rm 1500 1 1500 Support Garage/Shop 2100 1 2100 Support Storage 1000 1 1000 Support Chem/Gas Storage 300 1 300 Support Total 6800 Grossing Factor Circulation, Walls, etc 0.1 17175 171 Circulation Total 171 Facility Total 1856 WQL + PCL Combo Building Category Rooms SF/Unit # of Units Total Lab Laboratory (module) 525 8 4200 Lab Total 4200 Admin (10 personnel)Office Space 100 10 1000 Admin Conference Rm 300 1 300 Admin Break Rm 300 1 300 Admin Quiet Rm 50 1 50 Admin Total 1650 Support Sample/Recv'g 300 1 300 Support Mech/Elect/Plumb 1000 1 1000 Support Toilet Rms/Locker Rm 1000 1 1000 Support Garage/Shop 1200 1 1200 Support Storage 500 1 500 Support Chem/Gas Storage 200 1 200 Support Total 4200 Grossing Factor Circulation, Walls, etc 0.1 9850 985 Grossing Total 985 Facility Total 11035 WQL Facility dŚĞĨŽƌŵĨĂĐƚŽƌƐĞŵƉůŽǇĞĚĂƐƉĂƌƚŽĨƚŚŝƐƐƚƵĚǇǁĞƌĞĚĞƚĞƌŵŝŶĞĚďǇĂŶĚĚĞƌŝǀĞĚ ĨƌŽŵ ƐĞǀĞƌĂů ƐŽƵƌĐĞƐ͘ KŶĞ ƐŽƵƌĐĞ ǁĂƐ ǁŚĂƚ ĂƌĞ ĐĂůůĞĚ ͞ŝŶĚƵƐƚƌǇ ƐƚĂŶĚĂƌĚƐ͖͟ ĨĂĐŝůŝƟĞƐǁŝƚŚƐŝŵŝůĂƌƉƵƌƉŽƐĞƐĂŶĚŶĞĞĚƐďĞŝŶŐďƵŝůƚĞůƐĞǁŚĞƌĞƚŽŵĞĞƚƚŚĞƐĂŵĞ ĨƵŶĐƟŽŶƐ ĂŶĚ ŐŽĂůƐ͘ƐĞĐŽŶĚƐŽƵƌĐĞǁĂƐƌĞĐĞŶƚůǇĐŽŶƐƚƌƵĐƚĞĚƌĞŐŝŽŶĂůƉĞĞƌ ĨĂĐŝůŝƟĞƐ͘dŚĞĨŽůůŽǁŝŶŐĨŽƌŵĨĂĐƚŽƌƐǁĞƌĞƚŚĞƉƌŝŵĂƌǇĨŽƌŵĂŶĚƐƉĂĐĞĚƌŝǀĞƌƐ͗ ISO/NELAP Compliance Features dŚĞŝƚǇŚĂƐƐĞƚĂŐŽĂůŽĨŚĂǀŝŶŐĂǁŽƌůĚͲĐůĂƐƐůĂďŽƌĂƚŽƌǇĐŽŵƉůŝĂŶƚǁŝƚŚƚŚĞ ƚĞŶĞƚƐ ŽĨ ƋƵĂůŝƚǇ ĂŶĚ ĨĂĐŝůŝƚǇ ƌĞƋƵŝƌĞŵĞŶƚƐ ŝŵƉůŝĐŝƚůǇ ĞǆƉƌĞƐƐĞĚ ŝŶ ƚŚĞ /^Kͬ / ϭϳϮϬϱ͘ dŚĞ /^K ƐƚĂŶĚĂƌĚ ĚĞĮŶĞƐ ƚŚĞ ŵĂŶĂŐĞƌŝĂů ƐǇƐƚĞŵƐ ĨŽƌ ƋƵĂůŝƚǇ͕ ĂĚŵŝŶŝƐƚƌĂƟǀĞĨƵŶĐƟŽŶƐ͕ĂŶĚƚĞĐŚŶŝĐĂůƌĞƋƵŝƌĞŵĞŶƚƐŶĞĐĞƐƐĂƌǇƚŽĂĐŚŝĞǀĞĂ ůĞǀĞůŽĨƋƵĂůŝƚǇĂŶĚĐŽŵƉĞƚĞŶĐǇĞƐƚĂďůŝƐŚĞĚďǇƚŚĞ/^KŐŽǀĞƌŶŝŶŐďŽĚǇ͘dŚĞ ƐƚĂŶĚĂƌĚ ŝƐ ŶŽƚ ĞǆƉůŝĐŝƚ ŝŶ ĚĞƐĐƌŝďŝŶŐ ƚŚĞ ƉŚǇƐŝĐĂů ĂƩƌŝďƵƚĞƐ ŽĨ Ă ůĂďŽƌĂƚŽƌǇ ĨĂĐŝůŝƚǇ ;ŝ͘Ğ͕͘ ƐŝǌĞ͕ ĐŽŶƚĞŶƚ͕ ĐŽŶĮŐƵƌĂƟŽŶ͕ ĞƚĐ͘Ϳ͕ ƌĂƚŚĞƌ ŝƚ ŝŶĚŝƌĞĐƚůǇ ƐƉĞĂŬƐ ƚŽ ďƵŝůĚŝŶŐĐŚĂƌĂĐƚĞƌŝƐƟĐƐŶĞĐĞƐƐĂƌǇĨŽƌĂĚŚĞƌĞŶĐĞƚŽƚŚĞŽǀĞƌĂůůƐƚĂŶĚĂƌĚ͘ hƐŝŶŐ ƚŚĞ /^K ƐƚĂŶĚĂƌĚ ĂƐ Ă ďĂƐŝƐ ŽĨ ĚĞƐŝŐŶ ĨŽƌ ƌĞŶŽǀĂƟŽŶ ŽĨ ƚŚĞ tY> ĂŶĚ W>ŽƌĂŶĞǁĞŶƚƌĂů>ĂďŽƌĂƚŽƌǇ͕/^Kͬ/ϭϳϬϮϱĂĐĐƌĞĚŝƚĂƟŽŶŝƐĨĂĐŝůŝƚĂƚĞĚŝŶĂ ůĂďŽƌĂƚŽƌǇǁŝƚŚƚŚĞǁŽƌŬƐƉĂĐĞƐĂŶĚƐƵƉƉŽƌƚĨƵŶĐƟŽŶƐĂƐƐŚŽǁŶŝŶƚŚĞƚĂďůĞ ĂƚƌŝŐŚƚ. /ŶĂĨƵƚƵƌĞĐŽŶĐĞƉƚƵĂůĚĞƐŝŐŶƉŚĂƐĞŵĂŶǇŽĨƚŚĞǁŽƌŬĂƌĞĂƐĂŶĚǁŽƌŬ ĨƵŶĐƟŽŶƐƐŚŽǁŶcĂŶďĞĐŽͲůŽĐĂƚĞĚƚŽŵŝŶŝŵŝǌĞƌŽŽŵƐĂŶĚǁĂůůƐƚŽƚŚŽƐĞĂƌĞĂƐ ŶĞĞĚŝŶŐƟŐŚƚĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚƌŽůƐ;ŝ͘Ğ͘ŵŝĐƌŽďŝŽůŽŐŝĐĂůƚĞƐƟŶŐ͕ƚƌĂĐĞŵĞƚĂůƐ ƉƌĞƉĂƌĂƟŽŶ͕ ĞƚĐ͘Ϳ͘ ŽŵďŝŶŝŶŐ ĐŽŵƉůŝŵĞŶƚĂƌǇ ǁŽƌŬ ĨƵŶĐƟŽŶƐ ŚĞůƉƐ ĐƌĞĂƚĞ ĂŶ ŽƉĞŶǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚƚŚĂƚŝƐƐĂĨĞ;ŝ͘Ğ͘ůŝŶĞŽĨƐŝŐŚƚďĞƚǁĞĞŶǁŽƌŬĞƌƐͿĂŶĚƚĞŶĚƐ ƚŽŝŵƉƌŽǀĞǁŽƌŬŇŽǁƉƌŽĐĞƐƐĞƐ͘ dŚĞ ĂŶĂůǇƟĐĂů ƚĞĐŚŶŽůŽŐǇ ƵƐĞĚ ŝŶ ƚŚĞ ĨƵƚƵƌĞ ǁŝůů ďĞ ŵŽƌĞ ĂƵƚŽŵĂƚĞĚ͕ ĨĂƐƚĞƌ͕ ŵŽƌĞƐĞŶƐŝƟǀĞĂŶĚƉƌĞĐŝƐĞ͕ĂŶĚĐŽŵĞĂƚĂŚŝŐŚĞƌŝŶŝƟĂůĐŽƐƚ͘dŚŝƐǁĂƌƌĂŶƚƐǁŽƌŬ ƐƉĂĐĞƚŚĂƚŝƐƉƌŽƉĞƌůǇĚĞƐŝŐŶĞĚ͕ĂƉƉƌŽƉƌŝĂƚĞůǇƐŝǌĞĚ͕ǁŝƚŚƉƌŽƚĞĐƟŽŶĂŐĂŝŶƐƚĐƌŽƐƐͲ ĐŽŶƚĂŵŝŶĂƟŽŶ͕ůŽƐƐŽĨƵƟůŝƟĞƐ͕ŽƌŽƚŚĞƌŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨĂŝůƵƌĞƐ͘/ŶĐƌĞĂƐŝŶŐůǇĐŝƟǌĞŶƐ ǁŝůůǁĂŶƚƚŚĞĂƐƐƵƌĂŶĐĞƚŚĂƚƚŚĞǁĂƚĞƌƚŚĞǇĚƌŝŶŬŝƐŽĨƚŚĞŚŝŐŚĞƐƚƋƵĂůŝƚǇĂŶĚƚŚĂƚ ƌŝǀĞƌƐƚŚĞǇƵƐĞĨŽƌƌĞĐƌĞĂƟŽŶĂƌĞƐĂĨĞĨƌŽŵƉŽůůƵƟŽŶ͘ƚƚŚĞtY>ĂŶĚW>ƚŚŝƐ ƚƌĂŶƐůĂƚĞƐŝŶƚŽƚĞƐƚƌĞƐƵůƚƐŽĨƵƚŵŽƐƚƋƵĂůŝƚǇ͕ǁŚŝĐŚǁŝůůǁŝƚŚƐƚĂŶĚĐůŽƐĞĞǆƚĞƌŶĂů ƐĐƌƵƟŶǇ͕ĂŶĚůĂďƌĞƉŽƌƚƐƚŚĂƚĂƌĞĨƵůůǇĚĞĨĞŶƐŝďůĞ͘dŚĞƌĞĨŽƌĞ͕ĂƋƵĂůŝƚǇĂĐĐƌĞĚŝƚĂƟŽŶ ŽĨƚŚĞĐĂůŝďĞƌŽĨ/^Kͬ/ϭϳϬϮϱŝƐĂƉĞĚŝŐƌĞĞƚŚĞůĂďŽƌĂƚŽƌŝĞƐƐŚŽƵůĚƉƵƌƐƵĞ͘ Space category ^ƉĞĐŝĮĐĂƌĞĂ͕ƌŽŽŵŽƌĨƵŶĐƟŽŶ Comments ĚŵŝŶŝƐƚƌĂƟŽŶ ĂŶĚƐƚĂīƐƉĂĐĞ >ĂďŽƌĂƚŽƌǇŵĂŶĂŐĞƌŽĸĐĞ ŶĐůŽƐĞĚŽĸĐĞ YƵĂůŝƚǇĂƐƐƵƌĂŶĐĞŽĸĐĞƌ ƵďŝĐĂů ,ĞĂůƚŚΘƐĂĨĞƚǇůĞĂĚĞƌ ƵďŝĐĂů dĞĐŚŶŝĐĂůůĞĂĚĞƌ ƵďŝĐĂů ŶĂůǇƐƚƐ ƵďŝĐĂů ^ƵƉƉŽƌƚƐƚĂī ƵďŝĐĂů YƵŝĞƚƌŽŽŵ;ƐͿ ŶĐůŽƐĞĚƋƵŝĞƚǁŽƌŬĂƌĞĂ;ƐͿ dĞƐƟŶŐ ǁŽƌŬŇŽŽƌƐ 'ĞŶĞƌĂůͬǁĞƚĐŚĞŵŝĐĂůƚĞƐƟŶŐ DŝĐƌŽďŝŽůŽŐŝĐĂůƚĞƐƟŶŐ ŽŶƐŝĚĞƌƐĞƉĂƌĂƚĞǁŽƌŬĂƌĞĂƐĨŽƌ ǁĂƚĞƌĂŶĚǁĂƐƚĞǁĂƚĞƌƐĂŵƉůĞƐ DĞƚĂůƐƚĞƐƟŶŐ tŝƚŚƐĞƉĂƌĂƚĞĐůĞĂŶƉƌĞƉĂƌĞĂ sŽůĂƟůĞŽƌŐĂŶŝĐƐďǇ' WŽƐŝƟǀĞƉƌĞƐƐƵƌĞǌŽŶĞ ^ƉĞĐŝĂůƉƌŽŐƌĂŵƐƚĞƐƟŶŐĂƌĞĂ YƵĂůŝƚǇĂƐƐƵƌĂŶĐĞͬƌĞĂŐĞŶƚƉƌĞƉĂƌĞĂ ĂƚĂĞŶƚƌǇǁŽƌŬƐƚĂƟŽŶƐ /ŶĞĂĐŚƚĞƐƟŶŐĂƌĞĂĂŶĚŵĂũŽƌŝŶƐƚƌƵŵĞŶƚƐ ^ĂĨĞƚǇͬWWƐƚĂƟŽŶƐ Technical support areas ^ĂŵƉůĞƌĞĐĞŝǀŝŶŐĂƌĞĂ ƌŝǀĞƵƉĚĞůŝǀĞƌǇƌĞĐŽŵŵĞŶĚĞĚ ^ĂŵƉůĞƐƚŽƌĂŐĞͬĂĐŚŝĞǀĞ ŽůĚƐƚŽƌĂŐĞĨŽƌƉĞƌŝƐŚĂďůĞƐĂŵƉůĞƐ ^ĂŵƉůĞŬŝƚƉƌĞƉͬŬŝƚĐůĞĂŶŝŶŐĂƌĞĂ ŽŶƐŝĚĞƌǁŽƌŬĂƌĞĂĨŽƌĂƵƚŽƐĂŵƉůĞƌ ĂŶĚĮĞůĚĂŶĂůǇǌĞƌŵĂŝŶƚĞŶĂŶĐĞ ĂƚĂĞŶƚƌǇǁŽƌŬƐƚĂƟŽŶƐ /ŶĞĂĐŚǁŽƌŬĂƌĞĂ ZĞĐŽƌĚƐƐƚŽƌĂŐĞ ^ĞĐƵƌĞĂƌĞĂ ZĞĨĞƌĞŶĐĞŵĂƚĞƌŝĂůƐͬůŝďƌĂƌǇ ŚĞŵŝĐĂůƐƚŽƌĂŐĞ ^ĞĐƵƌĞĂƌĞĂ /ŶƐƚƌƵŵĞŶƚŐĂƐƐƵƉƉůŝĞƐͬƐƚŽƌĂŐĞ ^ĞĐƵƌĞĂƌĞĂ ƋƵŝƉŵĞŶƚͬƐƵƉƉůŝĞƐƐƚŽƌĂŐĞ WƐĞƌǀĞƌͬĐŽŵŵƵŶŝĐĂƟŽŶƌŽŽŵ ^ĞĐƵƌĞĂƌĞĂ EŽŶͲƚĞĐŚŶŝĐĂů support areas ŶƚƌĂŶĐĞͬƌĞĐĞƉƟŽŶĂƌĞĂ ŽŶĨĞƌĞŶĐĞƌŽŽŵ ^ƚĂīůŽĐŬĞƌƌŽŽŵ ZĞƐƚƌŽŽŵƐ KĸĐĞƐƵƉƉůŝĞƐĂƌĞĂ :ĂŶŝƚŽƌŝĂůƌŽŽŵ DĞĐŚĂŶŝĐĂůƌŽŽŵ ,s ůĞĐƚƌŝĐĂůƌŽŽŵ ,ĂǌĂƌĚŽƵƐůĂďǁĂƐƚĞ ŽŶƐŽůŝĚĂƟŽŶͬƐƚŽƌĂŐĞĂƌĞĂ ZĞĐǇĐůŝŶŐͬĚŽŵĞƐƟĐǁĂƐƚĞĂƌĞĂ Ψϭ͕ϯϴϲ͕ϯϵϳ Ψϳϭϰ͕ϰϰϬ ΨϬ ΨϮ͕ϭϬϬ͕ϴϯϳ Subtotal TOTAL Ψϭ͕ϳϵϲ͕ϵϴϬ Ψϭ͕ϭϴϭ͕ϳϱϬ Ψϯϯϯ͕Ϭϰϵ Ψϯ͕ϯϭϭ͕ϳϳϴ ĂƉŝƚĂů;ŶŽŶͲůĂƉƐŝŶŐͿ WQL PCL Watershed Total WQL/PCL ĂƉŝƚĂůďƵĚŐĞƚ ΨϭϬ͕ϬϬϬ ΨϭϬ͕ϬϬϬ ΨϴϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ Total $1,806,980 $1,191,750 $413,049 $3,411,778 KƵƚƐŽƵƌĐŝŶŐ ŽĨ ƚŚĞ ĂŶĂůǇƟĐĂů ǁŽƌŬ ŝƐ ĞƐƟŵĂƚĞĚ ƚŽ ĐŽƐƚ ĂƉƉƌŽǆŝŵĂƚĞůǇ ϭϱ ƉĞƌĐĞŶƚŵŽƌĞƚŚĂŶƚŚĞĐƵƌƌĞŶƚĂŶŶƵĂůKΘD͕ŚŽǁĞǀĞƌƚŚŝƐĚŽĞƐŶŽƚŝŶĐůƵĚĞƚŚĞ ĐŽƐƚŽĨĂŶĞǁĨĂĐŝůŝƚǇƚŽŚŽƵƐĞƚŚĞtY>͕W>͕ĂŶĚǁĂƚĞƌƐŚĞĚŵĂŶĂŐĞŵĞŶƚƐƚĂī͘ dŚĞŝƚǇ͛ƐĐƵƌƌĞŶƚŽƉĞƌĂƟŽŶŝƐĐŽŶƐŝĚĞƌĞĚǀĞƌǇĐŽŵƉĞƟƟǀĞǁŝƚŚƚŚĞƉƌŝǀĂƚĞ ƐĞĐƚŽƌ ĂŶĚ ůĞǀĞů ŽĨ ƐĞƌǀŝĐĞ ŝƐ ĐŽŶƐŝĚĞƌĞĚ ŝŶŚĞƌĞŶƚůǇ ŚŝŐŚĞƌ ǁŚĞŶ ƉƌŽǀŝĚĞĚ ŝŶƚĞƌŶĂůůǇ ďǇ ŝƚǇ ^ƚĂī͘ ŵŽƌĞ ĚĞƚĂŝůĞĚ ƐƚƵĚǇ ǁŽƵůĚ ďĞ ƌĞƋƵŝƌĞĚ ƚŽ ƌĞĮŶĞ ƚŚĞďƵƐŝŶĞƐƐĐĂƐĞĨŽƌŽƵƚƐŽƵƌĐŝŶŐŝĨƚŚĞƌĞŝƐŝŶƚĞƌĞƐƚŝŶƚŚŝƐŽƉƟŽŶ͘dŚĞŵĂũŽƌ ďĞŶĞĮƚŽĨŽƵƚƐŽƵƌĐŝŶŐŝƐƌĞĚƵĐƟŽŶŝŶĨĂĐŝůŝƚǇĐĂƉŝƚĂůĐŽƐƚ͕ďƵƚŝƚǁŽƵůĚƉƌŽŚŝďŝƚ ĂĐŚŝĞǀŝŶŐƚŚĞǁŽƌůĚĐůĂƐƐŐŽĂůƐĞƐƚĂďůŝƐŚĞĚďǇƚŚĞƚĞĂŵ͘KƵƚƐŽƵƌĐŝŶŐƐŚŽƵůĚ ŶŽƚďĞĐŽŵƉĂƌĞĚĚŝƌĞĐƚůǇƚŽƚŚĞŶĞǁǁŽƌůĚĐůĂƐƐĨĂĐŝůŝƟĞƐďƵƚǁŽƵůĚďĞŵŽƌĞŝŶ ůŝŶĞǁŝƚŚĐŽŵƉĂƌŝƐŽŶƚŽŵĂŝŶƚĂŝŶŝŶŐƚŚĞƐƚĂƚƵƐƋƵŽůĞǀĞůŽĨƐĞƌǀŝĐĞ͘ Z/>s/tK&Dh>ZZz^/d DĂŝŶƚĂŝŶŝŶŐƚŚĞƐƚĂƚƵƐƋƵŽǁŝůůŶŽƚŵĞĞƚƚŚĞƐĞŐŽĂůƐ͘&ƵƌƚŚĞƌŵŽƌĞ͕ǁŝƚŚŽƵƚ ŶĞĂƌƚĞƌŵŝŶǀĞƐƚŵĞŶƚƐŝŶƚŚĞtY>ĂŶĚW>ƚŚĞĐƵƌƌĞŶƚůĞǀĞůŽĨƐĞƌǀŝĐĞĐĂŶŶŽƚ ďĞŵĂŝŶƚĂŝŶĞĚ͘/ĨƚŚĞŝƚǇĞůĞĐƚƐƚŽĚĞĨĞƌŽƌĞůŝŵŝŶĂƚĞƚŚĞƌĞĐŽŵŵĞŶĚĂƟŽŶŽĨ ƚŚĞ>ĂďŽƌĂƚŽƌǇDĂƐƚĞƌWůĂŶĂŶŝŶƚĞƌŝŵŝŶǀĞƐƚŵĞŶƚŝƐƌĞƋƵŝƌĞĚƚŽĂĚĚƌĞƐƐƚŚĞ ĐŽŶĚŝƟŽŶĂƐƐĞƐƐŵĞŶƚĮŶĚŝŶŐƐ͘ ^ŽŵĞ ŽĨ ƚŚĞ ŶĞĂƌͲƚĞƌŵ ŝŶǀĞƐƚŵĞŶƚƐ ǁŽƵůĚ ďĞ ŵĂƌŐŝŶĂůŝǌĞĚ ĂƐ ƚŚĞ ĞǆŝƐƟŶŐ ĨĂĐŝůŝƟĞƐ ǁŽƵůĚ ďĞ ĂďĂŶĚŽŶĞĚ ĨŽůůŽǁŝŶŐ ĐŽŶƐƚƌƵĐƟŽŶ ŽĨ ƚŚĞ ƌĞĐŽŵŵĞŶĚĞĚ ĂůƚĞƌŶĂƟǀĞ͘ƉŽƌƟŽŶŽĨƚŚĞŝŶǀĞƐƚŵĞŶƚŵĂǇďĞƌĞĐŽƵƉĞĚĚĞƉĞŶĚŝŶŐŽŶƚŚĞ ƌĞƉƵƌƉŽƐŝŶŐŽĨƚŚĞĂďĂŶĚŽŶĞĚĞǆŝƐƟŶŐtY>ĂŶĚW>&ĂĐŝůŝƟĞƐ͘ Outsourcing Laboratory Analytical Services dŚĞŝƚǇĐƵƌƌĞŶƚůǇƉƌŽǀŝĚĞƐĨƵůůƐĞƌǀŝĐĞƐĨŽƌƚŚĞtY>ĂŶĚW>ĂŶĂůǇƟĐĂůŶĞĞĚƐ ŝŶĂĚĚŝƟŽŶƚŽƉƌŽǀŝĚŝŶŐĂŶĂůǇƟĐĂůƐĞƌǀŝĐĞƐĨŽƌŶĞŝŐŚďŽƌŝŶŐĞŶƟƟĞƐĂŶĚůŽĐĂů ŐƌŽƵƉƐ͘dŚĞŝƚǇ͛ƐĐƵƌƌĞŶƚďƵĚŐĞƚƐƵŵŵĂƌǇŝƐƐŚŽǁŶŝŶƚŚĞƚĂďůĞďĞůŽǁĨŽƌƚŚĞ W>͕tY>ĂŶĚtĂƚĞƌƐŚĞĚŵĂŶĂŐĞŵĞŶƚŐƌŽƵƉƐ͘dŚĞŝƚǇĐƵƌƌĞŶƚůǇŚĂƐϭϱƐƚĂī ŵĞŵďĞƌƐĂƐƐŝŐŶĞĚƚŽƚŚĞW>ĂŶĚtY>ƉůƵƐϯĂĚĚŝƟŽŶĂůƐƚĂīƚŚĂƚƐƵƉƉŽƌƚƚŚĞ ǁĂƚĞƌƐŚĞĚŵŽŶŝƚŽƌŝŶŐŐƌŽƵƉ͘ City Annual Budget for PCL, WQL and Watershed Management Groups ŶŶƵĂůKƉĞƌĂƟŽŶĂů Costs (lapsing) ĞƐĐƌŝƉƟŽŶ WQL PCL Watershed Total WĞƌƐŽŶŶĞů^ĞƌǀŝĐĞƐ ƐĂůĂƌŝĞƐΘďĞŶĞĮƚƐ Ψϴϰϰ͕Ϭϱϰ Ψϵϲϴ͕ϲϳϲ Ψϭϴϯ͕ϲϰϵ Ψϭ͕ϵϵϲ͕ϯϳϵ Purchased WƌŽĨĞƐƐŝŽŶĂůΘ dĞĐŚŶŝĐĂů^ĞƌǀŝĐĞƐ ƚƌĂŝŶŝŶŐ͕ĨĞĚ͘ŐŽǀ ƐĞƌǀ;h^'^Ϳ͕ŽƵƚƐŝĚĞ ƚĞƐƟŶŐ͕ĐŽŶƐƵůƟŶŐ͙ Ψϴϱ͕ϰϬϬ Ψϭϱϵ͕ϲϳϵ ΨϭϯϮ͕ϳϬϬ Ψϯϳϳ͕ϳϳϵ Purchased Property ^ĞƌǀŝĐĞƐ ƵŝůĚŝŶŐƵƟůŝƟĞƐ͕ ũĂŶŝƚŽƌŝĂů͕ŇĞĞƚ͕ ŝŶƐƚƌƵŵĞŶƚƐĞƌǀŝĐĞ ĐŽŶƚƌĂĐƚƐ͙ Ψϭϭϵ͕ϰϳϳ ΨϳϮ͕ϰϳϮ ΨϮ͕ϱϬϬ Ψϭϵϰ͕ϰϰϵ Other Purchased ^ĞƌǀŝĐĞƐ ƉŚŽŶĞƐ͕ŵŝůĞĂŐĞ͕ ĚƵĞƐ͕ĐŽŶĨĞƌĞŶĐĞƐ Ψϴ͕ϱϱϬ Ψϯ͕ϵϬϬ Ψϯ͕ϱϬϬ Ψϭϱ͕ϵϱϬ ^ƵƉƉůŝĞƐ ŽĸĐĞƐƵƉƉůŝĞƐ͕ĐŽŵƉƵƚĞƌ ŚĂƌĚǁĂƌĞ͕ƐŽŌǁĂƌĞ͕ ĐŚĞŵŝĐĂůƐ͕ĨŽŽĚ͕ ƵŶŝĨŽƌŵƐ͕ůĂďƐƵƉƉůŝĞƐ͙ ΨϵϮ͕ϭϱϬ ΨϭϬϯ͕ϳϰϬ ΨϭϬ͕ϳϬϬ ΨϮϬϲ͕ϱϵϬ Subtotal Total $1,149,631 $1,308,467 $333,049 $2,791,147 ĂƉŝƚĂů;ŶŽŶͲůĂƉƐŝŶŐͿ WQL/PCL ĂƉŝƚĂůďƵĚŐĞƚ ΨϱϬ͕ϬϬϬ ΨϱϬ͕ϬϬϬ ΨϴϬ͕ϬϬϬ ΨϭϴϬ͕ϬϬϬ Total Budget $1,199,631 $1,358,467 $413,049 $2,971,147 ĂŶĞīĞĐƟǀĞƐŚĂĚŝŶŐĐŽĞĸĐŝĞŶƚƚŽůŝŵŝƚŚĞĂƚŐĂŝŶ͘^ĞĂůƐŽŶƐŽŵĞŽĨƚŚĞ ŝŶƐƵůĂƚĞĚŐůĂƐƐƉĂŶĞůǁŝŶĚŽǁƐŚĂǀĞĨĂŝůĞĚĂŶĚĂůůŽǁĞĚĐŽŶĚĞŶƐĂƟŽŶ ;ƌŽŽŵϭϬϵΘϭϭϬͿ͘ůƵŵŝŶƵŵƐƚŽƌĞĨƌŽŶƚĞŶƚƌĂŶĐĞƐŚŽƵůĚďĞƌĞƉůĂĐĞĚ ƐŝŶĐĞŝƚĚŽĞƐŶŽƚĐůŽƐĞƉƌŽƉĞƌůǇĂŶĚĂůůŽǁĂŝƌŝŶĮůƚƌĂƟŽŶ͘ůůĚŽŽƌƐŶĞĞĚ ŶĞǁǁĞĂƚŚĞƌͲƐƚƌŝƉƉŝŶŐ͘ • ǆƚĞƌŝŽƌtĂůůƐ͗ǆƚĞƌŝŽƌŵĂƐŽŶƌǇƐŚŽƵůĚďĞƌĞĐŽĂƚĞĚǁŝƚŚĐůĞĂƌďƌĞĂƚŚĂďůĞ ǁĂůůƐĞĂůĂŶƚ͘ • &ůŽŽƌŝŶŐ͗ǆŝƐƟŶŐůĂďŽƌĂƚŽƌǇŇŽŽƌƐĂƌĞƉŽƵƌĞĚĞƉŽǆǇŝŶƐŽƵŶĚĐŽŶĚŝƟŽŶ ďƵƚŚĞĂǀŝůǇƐƚĂŝŶĞĚĂŶĚŶĞĞĚƚŽďĞƌĞĐŽĂƚĞĚŽƌĐŽǀĞƌĞĚǁŝƚŚĂůƚĞƌŶĂƚĞ ŵĂƚĞƌŝĂů͘dŚƌŽƵŐŚŽƵƚůĂďƌƵďďĞƌŵĂƚƐŚĂǀĞďĞĞŶƉůĂĐĞĚŝŶǁĞƚĂƌĞĂƐ ŽƌƵƐĞĚĨŽƌĐƵƐŚŝŽŶŝŶŐĂƚůŽĐĂƟŽŶƐƌĞƋƵŝƌŝŶŐůŽŶŐƌĞƉĞƟƟǀĞĂĐƟǀŝƟĞƐŝŶ ŽŶĞƐƉŽƚ͘ • ŽŽƌ,ĂƌĚǁĂƌĞ͗ŽŽƌƐĚŽŶŽƚŚĂǀĞůĞǀĞƌĞĚŚĂŶĚůĞƐĂŶĚĚŽŶ͛ƚŵĞĞƚ ĂĐĐĞƐƐŝďŝůŝƚǇƐƚĂŶĚĂƌĚƐ͘^ŽŵĞĚŽŽƌƐŚĂǀĞůŽĐŬƐĂŶĚƐƚƌŝŬĞƐƚŚĂƚĂƌĞƚĂƉĞĚ ŽīƐŽĂƐƚŽĂǀŽŝĚĂĐĐŝĚĞŶƚůǇůŽĐŬŝŶŐƚŚĞƌŽŽŵ͘ Structural • DŝŶŽƌƐƚĞƉĐƌĂĐŬŝŶŐŽďƐĞƌǀĞĚŝŶƚŚĞĐŽŶĐƌĞƚĞŵĂƐŽŶƌǇƵŶŝƚĂŶĚŵŝŶŽƌ ĐƌĂĐŬŝŶŐŝŶƚŚĞǀĞŶĞĞƌ͘/ƚĚŽĞƐŶŽƚĂƉƉĞĂƌƚŽďĞĂĐƟǀĞƐŝŐŶŽĨĨŽƵŶĚĂƟŽŶ ŽƌǁĂůůŝƐƐƵĞƐ͘dƵĐŬƉŽŝŶƟŶŐĂŶĚĐůĞĂŶŝŶŐũŽŝŶƚƐĨŽƌĐĂƵůŬŝŶŐƐŚŽƵůĚďĞ ĚŽŶĞĂƚƚŚĞƐĞůŽĐĂƟŽŶƐ͘ • DŝŶŽƌĐŽƌƌŽƐŝŽŶŽŶĐŽůƵŵŶŝŶZŽŽŵϭϭϰĂŶĚƐŽŵĞůŽĐĂůĐŽƌƌŽƐŝŽŶŽŶ ĚĞĐŬĂŶĚũŽŝƐƚƐ͘ • ZĞƉĂŝƌŽĨĐƌĂĐŬŝŶŐĂƚĐŽŶĐƌĞƚĞƉĂƌĂƉĞƚĂŶĚĂƌĞĂƐǁŝƚŚĞǆƉŽƐĞĚƌĞďĂƌ͘ • ZĞƉĂŝƌĚĞƚĞƌŝŽƌĂƚĞĚĐĂƵůŬŝŶŐĂƚĚŽŽƌƐĂŶĚǁŝŶĚŽǁƐ͘ZŽŽĨŵĞŵďƌĂŶĞ ƐŚŽǁƐĞǀŝĚĞŶĐĞŽĨƉŽŶĚŝŶŐ͕ŵŝƐƐŝŶŐĚƌĂŝŶĐŽǀĞƌƐ͕ĂŶĚĞǀŝĚĞŶĐĞŽĨǁĂƚĞƌ ƐƚĂŝŶŝŶŐŝŶZŽŽŵƐϭϭϵ͕ϭϮϮ͕ĂŶĚϭϭϮ͘ Mechanical Plumbing • ,sƋƵŝƉŵĞŶƚ͗dŚĞĂŝƌͲĐŽŽůĞĚĐŚŝůůĞƌ͕ĂŶĚƚŚĞůĂďŚŽŽĚĐŽŶĮŐƵƌĂƟŽŶ ĨŽƌĞǆŚĂƵƐƚĂŶĚŵĂŬĞͲƵƉĂŝƌĂƌĞŝŶƌĞůĂƟǀĞůǇŐŽŽĚĐŽŶĚŝƟŽŶ͘ • <ŝƚĐŚĞŶĞƩĞ͗dŚĞĞǆŚĂƵƐƚŚŽŽĚŚĂƐďĞĞŶƌĞŵŽǀĞĚĨƌŽŵŽǀĞƌƚŽƉƚŚĞ ƐƚŽǀĞƚŽƉĐŽŽŬƐƚĂƟŽŶŝŶƚŚĞŬŝƚĐŚĞŶĞƩĞ͘dŚĞ/ŶƚĞƌŶĂƟŽŶĂůDĞĐŚĂŶŝĐĂů ŽĚĞƌĞƋƵŝƌĞƐĂŶĞǆŚĂƵƐƚŚŽŽĚǁŝƚŚĮƌĞĞǆƟŶŐƵŝƐŚŝŶŐŝŶƐƚĂůůĞĚ͘ • ƵĐƚǁŽƌŬ͗dŚĞĚƵĐƚǁŽƌŬůŽĐĂƚĞĚŽŶƚŚĞƌŽŽĨƐĞƌǀŝŶŐƚŚĞŽĸĐĞ ƐƉĂĐĞƐŚĂǀĞϭͲŝŶĐŚͲĚŝĂŵĞƚĞƌŚŽůĞƐĚƌŝůůĞĚŝŶƚŽƚŚĞŽƵƚĚŽŽƌĚƵĐƚǁŽƌŬ ;ƉƌĞƐƵŵĂďůǇĨŽƌƉŝƚŽƚƚƵďĞĂŝƌŇŽǁƚĞƐƟŶŐͿƚŚĂƚŝƐĐĂƵƐŝŶŐůĂƌŐĞĂŵŽƵŶƚƐ ŽĨůĞĂŬĂŐĞƚŽƚŚĞŽƵƚĚŽŽƌƐ͘dŚŝƐĚƵĐƚǁŽƌŬƐŚŽƵůĚďĞƌĞƉĂŝƌĞĚƚŽƉƌĞǀĞŶƚ ǁĂƐƚĞĚĞŶĞƌŐǇĂŶĚǁĂƐƚĞĚĂŝƌŇŽǁĨƌŽŵƚŚĞƌŽŽĨƚŽƉĨĂŶƐ͘ • >ĂďǆŚĂƵƐƚ&ĂŶ͗dŚĞůĂďĞǆŚĂƵƐƚĨĂŶƐĞƌǀŝĐŝŶŐƚŚĞƐŝŶŬĞǆŚĂƵƐƚŝŶƌŽŽŵ ϭϭϭƵƐĞĚĨŽƌǁĂƐŚŝŶŐďŽƩůĞƐĂŶĚŐůĂƐƐǁĂƌĞǁŝƚŚŚǇĚƌŽŐĞŶĐŚůŽƌŝĚĞ;,>Ϳ ŝƐůĞĂŬŝŶŐĂƚƚŚĞƌŽŽĨĚƵĐƚĐŽŶŶĞĐƟŽŶ͘dŚĞŇĞǆĐŽŶŶĞĐƟŽŶĨƌŽŵĚƵĐƚǁŽƌŬ ƚŽĨĂŶŽŶƚŚĞƌŽŽĨŝƐĚĞƚĞƌŝŽƌĂƚĞĚĂŶĚŝƐŶŽůŽŶŐĞƌƉƵůůŝŶŐĂĐŽŵƉůĞƚĞ ƐƵĐƟŽŶƚŚƌŽƵŐŚƚŚĞŝŶƚĞƌŝŽƌƐŝŶŬŚŽŽĚ͘dŚŝƐĐŽƵůĚďĞĂƉŽƚĞŶƟĂůŚĞĂůƚŚ ŚĂǌĂƌĚĨŽƌƚŚĞŽĐĐƵƉĂŶƚƐŽĨƚŚĞůĂď͘ • 'ĂƌĂŐĞ,ĞĂƚĞƌ͗dŚƌĞĞŽĨĨŽƵƌŶĂƚƵƌĂůŐĂƐŚĞĂƚĞƌƐŚĂǀĞĚŝƐĐŽŶŶĞĐƚƐƐĞƚ ƚŽƚŚĞŽīƉŽƐŝƟŽŶ͘dŚŝƐŝƐůŝŬĞůǇĚƵĞƚŽƚŚĞĨĂĐƚƚŚĂƚƵŶĚĞƌĐƵƌƌĞŶƚƵƐĞ ĂƐƐƚŽƌĂŐĞƌŽŽŵƚŚĞƌĞŝƐŶŽŶĞĞĚƚŽŬĞĞƉƚŚĞĂƌĞĂĂƚƌŽŽŵƚĞŵƉĞƌĂƚƵƌĞ ĚƵƌŝŶŐƚŚĞǁŝŶƚĞƌ͘ • ZŽŽĨƌĂŝŶƐ͗^ŽŵĞĚƌĂŝŶƐŚĂǀĞŶŽƚďĞĞŶŝŶƐƚĂůůĞĚǁŝƚŚŽǀĞƌŇŽǁĚƌĂŝŶƐƚŽ ƉƌŽƉĞƌůǇƉƌĞǀĞŶƚŽǀĞƌŇŽǁĂƚƚŚĞŵĂŝŶƌŽŽĨĚƌĂŝŶƐ͘ Electrical • ^ǁŝƚĐŚŐĞĂƌ͗dŚĞďƵŝůĚŝŶŐ͛ƐƐĞƌǀŝĐĞƐǁŝƚĐŚŐĞĂƌĂŶĚƚƌĂŶƐĨŽƌŵĞƌƐĂƌĞŝŶ ƉŽŽƌĐŽŶĚŝƟŽŶ͘dŚĞƐǁŝƚĐŚŐĞĂƌŝƐŽůĚĂŶĚŝƐĞǆƉĞƌŝĞŶĐŝŶŐĐŽƌƌŽƐŝŽŶŽŶ ƚŚĞďŽƩŽŵĂŶĚƐŝĚĞƐŽĨƚŚĞĞŶĐůŽƐƵƌĞ͘&ƵƌƚŚĞƌŵŽƌĞ͕ƌĞƉůĂĐĞŵĞŶƚƉĂƌƚƐ ĂƌĞŶŽůŽŶŐĞƌĂǀĂŝůĂďůĞ͕ǁŚŝĐŚůĞĂĚƐƚŽƌĞůŝĂďŝůŝƚǇĐŽŶĐĞƌŶƐ͘ƐĂƌĞƐƵůƚ͕ ƌĞƉůĂĐŝŶŐƚŚĞƐǁŝƚĐŚŐĞĂƌŝƐƌĞĐŽŵŵĞŶĚĞĚ͘ • DŽƚŽƌŽŶƚƌŽůĞŶƚĞƌ;DͿ͗dŚĞďƵŝůĚŝŶŐ͛ƐDŝƐŽůĚĂŶĚŚĂƐůŝŵŝƚĞĚ ƐƉĂƌĞƉĂƌƚƐ͘&ƵƌƚŚĞƌŵŽƌĞ͕ŝƚĚŽĞƐŶŽƚŚĂǀĞƚŚĞƉƌŽƉĞƌǁŽƌŬŝŶŐƐƉĂĐĞ ƌĞƋƵŝƌĞĚďǇƚŚĞE͘ƐĂƌĞƐƵůƚ͕ƌĞƉůĂĐŝŶŐƚŚĞDŝƐƌĞĐŽŵŵĞŶĚĞĚ͘ • ZƵƐƚĂŶĚŽƌƌŽƐŝŽŶ͗ZƵƐƚĂŶĚĐŽƌƌŽƐŝŽŶǁĂƐŽďƐĞƌǀĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞ ďƵŝůĚŝŶŐŽŶƌĂĐĞǁĂǇƐĂŶĚũƵŶĐƟŽŶďŽǆĞƐ͕ǁŝƚŚĐŽƌƌŽƐŝŽŶŝŶƚŚĞŶŽƌƚŚĞĂƐƚ ƐŝĚĞŽĨƚŚĞďƵŝůĚŝŶŐŶŽƚĞĚĂƐƐĞǀĞƌĞ͘&ƵƌƚŚĞƌŵŽƌĞ͕ĂŶƵŵďĞƌŽĨũƵŶĐƟŽŶ ďŽǆĞƐĂďŽǀĞƚŚĞĚƌŽƉĐĞŝůŝŶŐǁĞƌĞŵŝƐƐŝŶŐĐŽǀĞƌƐ͕ĂŶĚƐƉĂĐĞĨŽƌĨƵƚƵƌĞ ĞǆƉĂŶƐŝŽŶŝƐǀĞƌǇůŝŵŝƚĞĚ͘&ŽƌƚŚĞƐĞƌĞĂƐŽŶƐ͕ƌĞƉůĂĐŝŶŐƚŚĞƌĂĐĞǁĂǇ ƐǇƐƚĞŵŝƐƌĞĐŽŵŵĞŶĚĞĚ͘ • ǆŝƐƟŶŐ>ĂďŽƌĂƚŽƌǇ,ŽŽĚ͗/ŶƚŚĞEŽƌƚŚ>Ăď͕ŽŶĞŽĨƚŚĞǀĞŶƟůĂƟŽŶ ŚŽŽĚƐ;ƉĞƌĐŚůŽƌŝĐŚŽŽĚͿŝƐŶŽůŽŶŐĞƌƵƐĞĚĨŽƌƉĞƌĐŚůŽƌŝĐĂŶĂůǇƐŝƐ͕ďƵƚŝƐ ĞƋƵŝƉƉĞĚǁŝƚŚĞǆƉůŽƐŝŽŶͲƉƌŽŽĨĐŽŵƉŽŶĞŶƚƐ͘dŚĞĂĚũĂĐĞŶƚĞƋƵŝƉŵĞŶƚ ŝƐŶŽƚĞǆƉůŽƐŝŽŶͲƉƌŽŽĨ͘&ƵƌƚŚĞƌŵŽƌĞ͕ƚŚĞĐŚĞŵŝĐĂůƵƐĞĚŝŶƚŚĞǀĞŶƚ ŵĂǇŚĂǀĞĐŽůůĞĐƚĞĚŝŶƚŚĞĚƵĐƚǁŽƌŬ͕ƉŽƐŝŶŐƐĂĨĞƚǇĐŽŶĐĞƌŶƐ͘ĞĐĂƵƐĞ ŽĨƚŚĞƐĞŝƐƐƵĞƐ͕ĂĚĚŝƟŽŶĂůƚĞƐƟŶŐŝƐƌĞĐŽŵŵĞŶĚĞĚƚŽĐŽŶĮƌŵƚŚĂƚƚŚĞ ŝŶƐƚĂůůĂƟŽŶŝƐƐĂĨĞ͘ĞƉĞŶĚŝŶŐŽŶƚŚĞƌĞƐƵůƚŽĨƚŚĞĂĚĚŝƟŽŶĂůĞǀĂůƵĂƟŽŶ͕ ƚŚŝƐĞƋƵŝƉŵĞŶƚŵĂǇŶĞĞĚƚŽďĞƌĞƉůĂĐĞĚ͘ ƵŝůĚŝŶŐĚŽŽƌŚĂƌĚǁĂƌĞĂŶĚƐŽŵĞĚŽŽƌƐŶĞĞĚƚŽďĞƌĞƉůĂĐĞĚƚŽŵĞĞƚĐƵƌƌĞŶƚ ŵĞƌŝĐĂŶƐǁŝƚŚŝƐĂďŝůŝƚǇĐƚ;ͿĂĐĐĞƐƐŝďŝůŝƚǇƐƚĂŶĚĂƌĚƐ͘^ŽŵĞǁŝŶĚŽǁƐĂŶĚ ĚŽŽƌƐŶĞĞĚƚŽďĞƌĞƉůĂĐĞĚĂŶĚŽƚŚĞƌǁŝŶĚŽǁƐŶĞĞĚƚŽďĞƌĞͲŐůĂǌĞĚĨŽƌďĞƩĞƌ ĞŶĞƌŐǇĞĸĐŝĞŶĐǇ͘ǆƚĞƌŝŽƌǁĂůůƐƐŚŽƵůĚďĞďĞƩĞƌŝŶƐƵůĂƚĞĚ͘ƵĞƚŽĚĂŵĂŐĞĨƌŽŵ ĂƌĞĐĞŶƚŇŽŽĚŝŶŐĞǀĞŶƚ͕ƚŚĞƌŽŽĨŶĞĞĚƐƚŽďĞƌĞƉůĂĐĞĚĚŽǁŶƚŽƚŚĞŵĞƚĂůĚĞĐŬ͘ ŽŶĚŝƟŽŶƐŝŶƌŽŽŵƐϭϭϯ͕ϭϭϮ͕ϭϮϲĂŶĚϭϯϬĂƌĞǀĞƌǇƉŽŽƌ͘^ƚŽƌĂŐĞĐĂďŝŶĞƚ ƵƉǁĂƌĚƐůŝĚŝŶŐĚŽŽƌƐĂƌĞŚĂƌĚƚŽŽƉĞƌĂƚĞ͘^ĞĞůĂďŽƌĂƚŽƌǇŽƉĞƌĂƟŽŶĂů ĂƐƐĞƐƐŵĞŶƚĨŽƌŵŽƌĞĚĞƚĂŝů͘ • ĞŝůŝŶŐ͗DƵĐŚŽĨƚŚĞĞǆŝƐƟŶŐĐĞŝůŝŶŐƐŚŽƵůĚďĞƌĞƉůĂĐĞĚĚƵĞƚŽůĞĂŬƐ ŽƌĚĂŵĂŐĞ͘ŵĞƌŐĞŶĐǇƐŚŽǁĞƌƐŝŶƚĞŐƌĂƚĞĚŝŶƚŽƚŚĞĐĞŝůŝŶŐƐŚŽƵůĚďĞ ƌĞƉůĂĐĞĚǁŝƚŚƐĞůĨͲƐƚĂŶĚŝŶŐƵŶŝƚƐǁŝƚŚƚĞŵƉĞƌĞĚƐƵƉƉůǇǁĂƚĞƌ͘ǆƚĞƌŝŽƌ ŐǇƉƐƵŵƐŽĸƚĂƐƐĞŵďůŝĞƐŶĞĞĚƚŽďĞƌĞƉĂŝƌĞĚĂƚƐƉĞĐŝĮĐůŽĐĂƟŽŶƐĂƌŽƵŶĚ ƚŚĞďƵŝůĚŝŶŐ͘ • hƟůŝƟĞƐ͗dŚĞ'ĂƐƌŽŽŵŝƐŶŽƚƵƐĞĚĂŶĚƚŚĞƌĞŝƐƉŝƉŝŶŐƚŚƌŽƵŐŚƚŚĞ ŝŶƐƚƌƵŵĞŶƚůĂďƐƚŚĂƚĐŽƵůĚďĞƌĞŵŽǀĞĚ͘ŶĞǆĐĞƐƐŽĨŽƵƚůĞƚƐŝƐƉƌŽǀŝĚĞĚ ƚŚƌŽƵŐŚŽƵƚƚŚĞŝŶƐƚƌƵŵĞŶƚůĂďƐ;ŶĞǁĞƌƐĞĐƟŽŶͿĂŶĚĐĂŶďĞƌĞŵŽǀĞĚ ŽƌƌĞĚƵĐĞĚ͘ Structural • ƌĂĐŬƐǆƚĞƌŝŽƌ͗DŝŶŽƌĐƌĂĐŬŝŶŐŽĨƚŚĞƐůĂďŽŶŐƌĂĚĞǁĂƐƉƌĞƐĞŶƚŝŶ ŵƵůƟƉůĞůŽĐĂƟŽŶƐ͘ƌĂĐŬƐǀĂƌŝĞĚĨƌŽŵϬ͘Ϭϭ͞ƚŽϬ͘ϬϮϱ͟ĂŶĚĚŝĚŶŽƚĞǆŚŝďŝƚ ĂŶǇƐŝŐŶƐŽĨĚŝīĞƌĞŶƟĂůƐĞƩůĞŵĞŶƚ͘ • /ŶƚĞƌŝŽƌƌĂĐŬƐ͗ƌĂĐŬŝŶŐŽĨƚŚĞĚƌǇǁĂůůĂůŽŶŐƚŚĞĐŽƌƌŝĚŽƌĨƌŽŵZŽŽŵϭϮϮ ƚŽZŽŽŵϭϯϬŝŶĚŝĐĂƚĞƐƐŽŵĞŵŝŶŽƌŵŽǀĞŵĞŶƚƚŚŽƵŐŚƐƚĂīƌĞƉŽƌƚƚŚĂƚ ƚŚĞĐƌĂĐŬŝŶŐŚĂƐŶŽƚĐŚĂŶŐĞĚƐŝŐŶŝĮĐĂŶƚůǇŽǀĞƌƚŚĞǇĞĂƌƐ͘>ŽĐĂůŝǌĞĚƌĞƉĂŝƌ ŝƐƐƵŐŐĞƐƚĞĚ͘ • ǆƚĞƌŝŽƌ^Žĸƚ͗^ŽĸƚǁŝůůŶĞĞĚƌĞƉůĂĐĞŵĞŶƚĨŽƌůŽŶŐƚĞƌŵƉĞƌĨŽƌŵĂŶĐĞ ďƵƚƐƵƉƉŽƌƚƐǇƐƚĞŵĂƉƉĞĂƌƐŝŶŐŽŽĚĐŽŶĚŝƟŽŶ͘ • DŝŶŽƌĚĞƚĞƌŝŽƌĂƟŽŶǁŝƚŚĞǆƉŽƐĞĚƌĞŝŶĨŽƌĐŝŶŐĂƚŶŽƌƚŚĞĂƐƚĞŶƚƌǇ͘^ƉĂůůŝŶŐ Ăƚ^tĐŽƌŶĞƌĚƵĞƚŽůŽĐĂůŝǌĞĚƐĞƩůĞŵĞŶƚŽĨĞǆƚĞƌŝŽƌƐŝĚĞǁĂůŬĂŶĚůĂĐŬŽĨ ďŽŶĚďƌĞĂŬĂŶĚƐĞĂůĂŶƚďĞƚǁĞĞŶƐŝĚĞǁĂůŬĂŶĚďƵŝůĚŝŶŐǁĂůů͘ • ǆƉŽƐĞĚƌĞŝŶĨŽƌĐŝŶŐĂƚŽƉĞŶŝŶŐĨŽƌƐĞĐƟŽŶĂůŽǀĞƌŚĞĂĚĚŽŽƌŝŶƌŽŽŵ ϭϬϭŽůĚ^ƚŽƌĂŐĞƐŚŽƵůĚďĞĐůĞĂŶĞĚŽĨĐŽƌƌŽƐŝŽŶĂŶĚĐŽĂƚĞĚǁŝƚŚĂŶ ĂƉƉƌŽƉƌŝĂƚĞĐŽĂƟŶŐƐǇƐƚĞŵ͘ Mechanical/Plumbing • ,sĞƋƵŝƉŵĞŶƚ͗ŝƐŵĂƚĐŚĞĚďĞƚǁĞĞŶWĂĐŬĂŐĞĚdĞƌŵŝŶĂůŝƌ ŽŶĚŝƟŽŶĞƌƐ;WdͿĂŶĚŝƌĞĐƚǆƉĂŶƐŝŽŶ;yͿǁŝƚŚ,ŽƚtĂƚĞƌŝƌ ,ĂŶĚůŝŶŐhŶŝƚƐ;,hͿ͘dŚĞWdƵŶŝƚƐƐĞƌǀĞƚŚĞƌĞŶŽǀĂƚĞĚŽĸĐĞ ƐƉĂĐĞ͘dŚĞƐĞƵŶŝƚƐĚŽŶŽƚŵĞĞƚƚŚĞĐƵƌƌĞŶƚĞŶĞƌŐǇĐŽĚĞ͕ŽƌŽƵƚĚŽŽƌ ĂŝƌƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞŽĐĐƵƉŝĞĚƐƉĂĐĞƐƉĞƌƚŚĞĐƵƌƌĞŶƚ/ŶƚĞƌŶĂƟŽŶĂů DĞĐŚĂŶŝĐĂůŽĚĞ͘ŽŶƚƌŽůƐĂƌĞŽƵƚĚĂƚĞĚ͘ • ŽŝůĞƌƐ͗ŽŝůĞƌŝƐůĞĂŬŝŶŐ͕ĂŶĚŚĂĚƚŽďĞƚĞŵƉŽƌĂƌŝůǇĮǆĞĚďǇ ƵƟůŝǌŝŶŐĂƐƚŽƉůĞĂŬũŽŝŶƚĐŽŵƉŽƵŶĚƚŽĂůůŽǁĨŽƌŽƉĞƌĂƟŽŶ͘ŽŝůĞƌƐ ǁŝůůŶĞĞĚƌĞƉůĂĐĞŵĞŶƚŝŶƚŚĞŝŵŵĞĚŝĂƚĞĨƵƚƵƌĞƚŽĂůůŽǁĨŽƌůŽǁ ƚĞŵƉĞƌĂƚƵƌĞŽƉĞƌĂƟŽŶ͘ • ZŽŽĨĚƌĂŝŶƐ͗ZŽŽĨĚƌĂŝŶƐŚĂǀĞŶŽƚďĞĞŶŝŶƐƚĂůůĞĚǁŝƚŚŽǀĞƌŇŽǁĚƌĂŝŶƐƚŽ ƉƌŽƉĞƌůǇƉƌĞǀĞŶƚŽǀĞƌŇŽǁĂƚƚŚĞŵĂŝŶƌŽŽĨĚƌĂŝŶƐ͘ • KƉĞŶKĸĐĞƐ͗dŚĞŽƉĞŶŽĸĐĞĂƌĞĂŝƐƐĞƌǀĞĚďǇĂWdƵŶŝƚƚŚĂƚŝƐŶŽƚ ĐŽŵƉůŝĂŶƚǁŝƚŚƚŚĞĞŶĞƌŐǇĐŽĚĞ͕ĂŶĚǁŽƵůĚŶŽƚďĞĂďůĞƚŽƉƌŽǀŝĚĞƚŚĞ ƌĞƋƵŝƌĞĚŽƵƚƐŝĚĞĂŝƌĨŽƌƚŚĞŽĐĐƵƉĂŶĐǇĐŽƵŶƚĨŽƌƚŚĞďƵůůƉĞŶ͘ • ^ĂĨĞƚǇ^ŚŽǁĞƌƐ͗^ĂĨĞƚǇƐŚŽǁĞƌƐƚŚĂƚĂƌĞůŽĐĂƚĞĚŝŶƚŚĞĐĞŝůŝŶŐŚĂǀĞŶŽƚ ďĞĞŶƚĞƐƚĞĚƌĞŐƵůĂƌůǇĚƵĞƚŽŝƐƐƵĞƐǁŝƚŚƚŚĞƐŚƵƚŽīǀĂůǀĞƐ͘ • dĞƉŝĚtĂƚĞƌ͗dŚĞƌĞŝƐŶŽƚĞƉŝĚǁĂƚĞƌƉƌŽǀŝĚĞƚŽƚŚĞƐĂĨĞƚǇĞƋƵŝƉŵĞŶƚŝŶ ƚŚĞǁĂƚĞƌƋƵĂůŝƚǇůĂď͘ůůĞŵĞƌŐĞŶĐǇĮǆƚƵƌĞƐĂƌĞƐĞƌǀĞĚŽŶůǇďǇĂĐŽůĚͲ ǁĂƚĞƌƉŝƉĞ͘dŚŝƐĚŽĞƐŶŽƚŵĞĞƚE^/ͬ/^ϯϱϴ͘ϭͲϮϬϭϰ͘ Electrical • dŚĞƐĞƌǀŝĐĞĞŶƚƌĂŶĐĞƐǁŝƚĐŚďŽĂƌĚ͗dŚŝƐŝƐůŽĐĂƚĞĚŽŶƚŚĞĞǆƚĞƌŝŽƌǁĂůů ŽĨƚŚĞďƵŝůĚŝŶŐ͘DĂŶǇďŽůƚƐĂƌĞŵŝƐƐŝŶŐŽŶƚŚĞĞǆƚĞƌŝŽƌƉĂŶĞůŽĨƚŚĞ ƐǁŝƚĐŚďŽĂƌĚĂůůŽǁŝŶŐĨŽƌƚŚĞŝŶƚƌƵƐŝŽŶŽĨĚŝƌƚ͕ŵŽŝƐƚƵƌĞ͕ĂŶĚŝŶƐĞĐƚƐ͘ ZĞƐĞĂůŝŶŐƚŚĞĞŶĐůŽƐƵƌĞĂŶĚƌĞƉůĂĐŝŶŐŵŝƐƐŝŶŐŚĂƌĚǁĂƌĞŝƐƌĞĐŽŵŵĞŶĚĞĚ͘ • ^ƵƌŐĞWƌŽƚĞĐƟŽŶ͗dŚĞƐƵƌŐĞƉƌŽƚĞĐƟŽŶĞŶĐůŽƐƵƌĞŝƐĂĚũĂĐĞŶƚƚŽƚŚĞ ƐĞƌǀŝĐĞĞŶƚƌĂŶĐĞƐǁŝƚĐŚďŽĂƌĚĂŶĚŝƐŝŶĨĂŝƌĐŽŶĚŝƟŽŶ͘/ƚŝƐĂůƐŽŵŝƐƐŝŶŐ ƐĞǀĞƌĂůďŽůƚƐĂŶĚƚŚĞƵŶŝƚůĂĐŬƐĂĨĂŝůƵƌĞŝŶĚŝĐĂƚŽƌ͘tŝƚŚŽƵƚĨĂŝůƵƌĞ ŝŶĚŝĐĂƟŽŶ͕ŝƚŝƐƵŶŬŶŽǁŶǁŚĞƚŚĞƌƚŚĞƵŶŝƚŝƐƉƌŽƚĞĐƟŶŐƚŚĞĞůĞĐƚƌŝĐĂů ƐǇƐƚĞŵŽƌŶŽƚ͘ • tŽƌŬƐƉĂĐĞ/ƐƐƵĞƐ͗^ĞǀĞƌĂůEǁŽƌŬŝŶŐƐƉĂĐĞǀŝŽůĂƟŽŶƐǁĞƌĞŽďƐĞƌǀĞĚ ĂƌŽƵŶĚƚŚĞĞůĞĐƚƌŝĐĂůƉĂŶĞůďŽĂƌĚƐ͘ůĞĐƚƌŝĐĂůǁŽƌŬƐƉĂĐĞƐĂƌĞƵƐĞĚĨŽƌ ƐƚŽƌĂŐĞ͕ĂŶĚƐŽŵĞŽĨƚŚĞĞůĞĐƚƌŝĐĂůƌŽŽŵƐǁĞƌĞĞǀĞŶƵƐĞĚĨŽƌĐŚĞŵŝĐĂů ƐƚŽƌĂŐĞ͕ǁŚŝĐŚŝƐŶŽƚƌĞĐŽŵŵĞŶĚĞĚĚƵĞƚŽůĞĂŬƐ͘ • ŽŵďƵƐƟŽŶĂŝƌͬĞǆŚĂƵƐƚ͗KŶĞĞůĞĐƚƌŝĐĂůƌŽŽŵŝƐůŽĐĂƚĞĚĂĚũĂĐĞŶƚƚŽ ĂďŽŝůĞƌƌŽŽŵĂŶĚŚĂĚĂŶŽƟĐĞĂďůĞŶĂƚƵƌĂůŐĂƐƐŵĞůů͘dŚĞĞůĞĐƚƌŝĐĂů ĞƋƵŝƉŵĞŶƚǁŝƚŚŝŶƚŚĞďŽŝůĞƌƌŽŽŵŝƐŶŽƚƌĂƚĞĚĨŽƌĂŶĞǆƉůŽƐŝǀĞ ĂƚŵŽƐƉŚĞƌĞ͘dŽĂĚĚƌĞƐƐƚŚĞƐĞŝƐƐƵĞƐ͕ǀĞƌŝĨǇŝŶŐƚŚĞďŽŝůĞƌƌŽŽŵƐ͛ ǀĞŶƟůĂƟŽŶ͕ĂŶĚƐĞƉĂƌĂƟŶŐŽƵƚƐƚŽƌĂŐĞƐƉĂĐĞĨƌŽŵŵĞĐŚĂŶŝĐĂůĞƋƵŝƉŵĞŶƚ ĂŶĚƚŚĞĞůĞĐƚƌŝĐĂůĞƋƵŝƉŵĞŶƚŝƐƌĞĐŽŵŵĞŶĚĞĚ͘ ŶĞĞĚǁĞĂƚŚĞƌƐƚƌŝƉƉŝŶŐƌĞƉůĂĐĞĚĂŶĚ;ŝŶĐŽŶũƵŶĐƟŽŶǁŝƚŚƚŚĞƌŵĂůůǇ ďƌŽŬĞŶĚŽŽƌĨƌĂŵĞƐͿĂƚƐŽŵĞůŽĐĂƟŽŶƐďĞƌĞƉůĂĐĞĚ͘^ŽŵĞŚŽůůŽǁŵĞƚĂů ĨƌĂŵĞƐĂƚĞǆƚĞƌŝŽƌĞŶƚƌĂŶĐĞƐƐŚŽƵůĚďĞƌĞƉůĂĐĞĚǁŝƚŚŵŽƌĞĞĸĐŝĞŶƚ ŐůĂǌŝŶŐĂŶĚĂůƵŵŝŶƵŵĨƌĂŵĞƐ͘ • ǆƚĞƌŝŽƌtĂůůƐ͗dŚĞƌĞŚĂǀĞďĞĞŶůĞĂŬƐƚŚƌŽƵŐŚƚŚĞĞǆƚĞƌŝŽƌǁĂůůŽĨƌŽŽŵ ϭϭϳ;'ͬ/ͬdKͿĚƵĞƚŽƉŽŽƌĚƌĂŝŶĂŐĞŽŶƚŚĞĞǆƚĞƌŝŽƌ͘^ĞĞŝǀŝůƐĞĐƟŽŶ Observation Key Findings dŚĞŽǀĞƌĂůůtY>ďƵŝůĚŝŶŐƐƚƌƵĐƚƵƌĞ;ĨŽƵŶĚĂƟŽŶ͕ƐůĂďͲŽŶͲŐƌĂĚĞ͕ĐŽŶĐƌĞƚĞͬƐƚĞĞů ƐƚƌƵĐƚƵƌĞĂŶĚƌŽŽĨĚĞĐŬͿĂƐǁĞůůĂƐƚŚĞďƵŝůĚŝŶŐĞŶǀĞůŽƉĞƐǇƐƚĞŵƐ;ĐŽŶĐƌĞƚĞ͕ ŵĂƐŽŶƌǇ͕ŐůĂǌŝŶŐƐǇƐƚĞŵƐ͕ĂŶĚƌŽŽĮŶŐŵĞŵďƌĂŶĞͿĂƌĞŵŝŶŝŵĂůůǇƐŽƵŶĚĂŶĚ ƐĂƟƐĨĂĐƚŽƌǇƚŽƉĞƌĨŽƌŵĐƵƌƌĞŶƚĨƵŶĐƟŽŶƐ͘hƟůŝƟĞƐƚŽƚŚĞďƵŝůĚŝŶŐĂƌĞĂĚĞƋƵĂƚĞ͘ ^ŽŵĞĂƌĞĂƐŽĨƚŚĞďƵŝůĚŝŶŐ͕ƐƵĐŚĂƐƚŚĞďƌĞĂŬƌŽŽŵ͕ĂƌĞŝŶďĞƩĞƌĐŽŶĚŝƟŽŶƚŚĂŶ ŽƚŚĞƌƐ͘dŚĞďƵŝůĚŝŶŐŝƐĂŝƚǇĂŶĚǁĂƚĞƌƚƌĞĂƚŵĞŶƚĨĂĐŝůŝƚǇ;td&ͿĂƐƐĞƚƚŚĂƚǁŝůů ƌĞƋƵŝƌĞĂŵĂũŽƌƌĞŶŽǀĂƟŽŶĂŶĚƵƉŐƌĂĚĞĨŽƌŝƚƚŽĐŽŶƟŶƵĞƚŽŵĞĞƚŽŶŐŽŝŶŐ ƌĞŐƵůĂƚŽƌǇĂŶĚƉĞƌƐŽŶŶĞůŶĞĞĚƐĂŶĚƌĞƋƵŝƌĞŵĞŶƚƐƚŽƌĞƚĂŝŶƚŚĂƚǀĂůƵĞ͘ŵĂũŽƌ ƌĞŶŽǀĂƟŽŶŽƌƌĞƉůĂĐĞŵĞŶƚŝƐŶĞĞĚĞĚĨŽƌƚŚĞďƵŝůĚŝŶŐƚŽĐŽŶƟŶƵĞƚŽďĞƵƐĞĚ ĂƐĂůĂďŽƌĂƚŽƌǇƚŚĂƚǁŝůůƐĞƌǀĞƚŚĞŝƚǇĨŽƌƚŚĞŶĞǆƚϯϬǇĞĂƌƐ͘ĂƐĞĚƵƉŽŶƚŚŝƐ ĐŽŶĚŝƟŽŶĂƐƐĞƐƐŵĞŶƚƚŚŝƐĨĂĐŝůŝƚǇŶĞĞĚƐďŽƚŚĂĐŽŵƉůĞƚĞŝŶƚĞƌŝŽƌƌĞŶŽǀĂƟŽŶ ĂŶĚĂŶĞǆƉĂŶƐŝŽŶ /ŶĐŽŵďŝŶĂƟŽŶǁŝƚŚĂƌĞĂůŝŐŶŵĞŶƚŽĨƐŽŵĞƌŽŽŵĨƵŶĐƟŽŶƐ͕ĂƚĂŵŝŶŝŵƵŵ͕Ăůů ŽĨƚŚĞůĂďŽƌĂƚŽƌǇƐƉĂĐĞƐŶĞĞĚĐĂƐĞǁŽƌŬĂŶĚĮǆƚƵƌĞƌĞƉůĂĐĞŵĞŶƚ͘ZĞƐƚƌŽŽŵƐ ŶĞĞĚƚŽďĞƵƉĚĂƚĞĚĂŶĚƌĞŵŽĚĞůĞĚƚŽŵĞĞƚŵƵůƟƉůĞĐŽĚĞƌĞƋƵŝƌĞŵĞŶƚƐ͘/Ŷ ƐƵƉƉŽƌƚŽĨŽƉĞƌĂƟŽŶĂůĂŶĚƌĞŐƵůĂƚŽƌǇƉƌŽƚŽĐŽůƐƚŚĞƌĞŶĞĞĚƐƚŽďĞĚĞĚŝĐĂƚĞĚ ƉƵďůŝĐͬǀŝƐŝƚŽƌ ďƵŝůĚŝŶŐ ĐŽŶƚƌŽů ĂŶĚ ƌĞĐĞƉƟŽŶ ĂƌĞĂ͕ ĂŶĚ ƐĞĐƵƌĞĚ ƌĞĐŽƌĚ ĂŶĚ ƐĂŵƉůĞƐƚŽƌĂŐĞĂƌĞĂƐ͘ŽŵƉƌĞƐƐĞĚŐĂƐĞƐĐĂŶŝƐƚĞƌƐƐŚŽƵůĚďĞƌĞŵŽǀĞĚĨƌŽŵ ƚŚĞůĂďŽƌĂƚŽƌŝĞƐĂŶĚƉůĂĐĞĚŝŶĂƐĞĐƵƌĞƐƚŽƌĂŐĞĞůƐĞǁŚĞƌĞ͘ůůŝŶƚĞƌŝŽƌĮŶŝƐŚĞƐ ;ƉĂƌƟƟŽŶƐ͕ĐĞŝůŝŶŐƐĂŶĚŇŽŽƌŝŶŐͿŶĞĞĚƚŽďĞƌĞƉĂŝƌĞĚĂŶĚͬŽƌƌĞƉůĂĐĞĚ͕ƉĂŝŶƚĞĚ ĂŶĚƌĞƐƵƌĨĂĐĞĚ͘ŽŝůĞƌĂŶĚƐĞůĞĐƟǀĞŵĞĐŚĂŶŝĐĂůĞƋƵŝƉŵĞŶƚŶĞĞĚŝŵŵĞĚŝĂƚĞ ƌĞƉůĂĐĞŵĞŶƚĂƵŐŵĞŶƚĞĚǁŝƚŚŶĞǁŚĞĂƟŶŐ͕ǀĞŶƟůĂƟŽŶ͕ĂŶĚĂŝƌĐŽŶĚŝƟŽŶŝŶŐ ;,sͿ ĐŽŶƚƌŽůƐ͘ dŚĞ ĞůĞĐƚƌŝĐĂů ƐǇƐƚĞŵ ŶĞĞĚƐ ƐŽŵĞ ĐŽĚĞ ƵƉĚĂƚĞƐ ĂŶĚ ƌĞƉůĂĐĞŵĞŶƚŽĨĂŐĞĚĞƋƵŝƉŵĞŶƚ͘ůĞĐƚƌŝĐĂůĂŶĚDĞĐŚĂŶŝĐĂůZŽŽŵƐĂƌĞďĞŝŶŐ ƵƐĞĚ ĨŽƌ ƐƚŽƌĂŐĞ ƉƵƌƉŽƐĞƐ͘ ^ƚŽƌĂŐĞ ĂƌĞĂƐ ŶĞĞĚ ƚŽ ďĞ ĞǆƉĂŶĚĞĚ ƚŽƌĞŵŽǀĞ KƉĞƌĂƟŽŶƐ͗ • WůĂŶŶŝŶŐƌĞƐƉŽŶƐŝǀĞ ƚŽŽƉĞƌĂƟŽŶƐĂŶĚ ĨĂĐŝůŝƚĂƚĞƐǁŽƌŬŇŽǁ • ^KĂŶĚ ^ƚĂƚĞĐĐƌĞĚŝƚĂƟŽŶ ,ĞĂůƚŚĂŶĚ^ĂĨĞƚǇ͗ • ŽĚĞĐŽŵƉůŝĂŶƚ • WƌŽŵŽƚĞƐĂĨĞƚǇĐƵůƚƵƌĞ ^ŝƚĞůƚĞƌŶĂƟǀĞ͟͞ ......................................................................ϮϬ ^ŝƚĞůƚĞƌŶĂƟǀĞƐŽŶĐůƵƐŝŽŶƐ .......................................................ϮϬ ĞŶĞĮƚƌŝƚĞƌŝĂůƚĞƌŶĂƟǀĞƐ ...........................................................21 >ĞĂƐĞůƚĞƌŶĂƟǀĞϯ .....................................................................Ϯϭ tĂƚĞƌYƵĂůŝƚǇΘWŽůůƵƟŽŶŽŶƚƌŽůEŽŶͲDŽŶĞƚĂƌǇĞŶĞĮƚƌŝƚĞƌŝĂ ..22 ƌŝƚĞƌŝĂtĞŝŐŚƟŶŐ ........................................................................ϮϮ ůƚĞƌŶĂƟǀĞĞŶĞĮƚƌŝƚĞƌŝĂ^ĐŽƌŝŶŐ ..............................................Ϯϯ ĞŶĞĮƚŽƐƚŶĂůǇƐŝƐ ....................................................................Ϯϯ ƐƟŵĂƚĞ .........................................................................................24 /ŶƚƌŽĚƵĐƟŽŶ .................................................................................Ϯϰ ƐƐƵŵƉƟŽŶƐ ................................................................................Ϯϱ Preliminary Outcomes and Conclusions ..........................................26 ^ƵŵŵĂƌǇ ......................................................................................Ϯϲ ....................................................................................................Ϯϲ &ĂĐŝůŝƚǇŽŶĐĞƉƚƐ ..........................................................................Ϯϲ tĂƚĞƌdƌĞĂƚŵĞŶƚ&ĂĐŝůŝƚǇ^ŝƚĞZĞĐŽŵŵĞŶĚĂƟŽŶ .............................27 DĂƐƚĞƌWůĂŶŶŝŶŐŽŶĐĞƉƚ .............................................................Ϯϳ ....................................................................................................Ϯϳ WŚĂƐĞϭ͗tY>&ĂĐŝůŝƚǇ ...................................................................Ϯϳ ....................................................................................................Ϯϳ &ƵůůƵŝůĚŽƵƚ͗tY>нW>&ĂĐŝůŝƚǇ ..................................................Ϯϳ DƵůďĞƌƌǇtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞZĞĐŽŵŵĞŶĚĂƟŽŶ ...........28 DĂƐƚĞƌWůĂŶŶŝŶŐŽŶĐĞƉƚ .............................................................Ϯϴ ....................................................................................................Ϯϴ WŚĂƐĞϭ͗tY>&ĂĐŝůŝƚǇ ...................................................................Ϯϴ ....................................................................................................Ϯϴ &ƵůůƵŝůĚŽƵƚ͗tY>нW>&ĂĐŝůŝƚǇ ..................................................Ϯϴ ƌĂŬĞtĂƚĞƌZĞĐůĂŵĂƟŽŶ&ĂĐŝůŝƚǇ^ŝƚĞZĞĐŽŵŵĞŶĚĂƟŽŶ ................29 DĂƐƚĞƌWůĂŶŶŝŶŐŽŶĐĞƉƚ .............................................................Ϯϵ ....................................................................................................Ϯϵ WŚĂƐĞϭ͗tY>&ĂĐŝůŝƚǇ ...................................................................Ϯϵ ....................................................................................................Ϯϵ &ƵůůƵŝůĚŽƵƚ͗tY>нW>&ĂĐŝůŝƚǇ ..................................................Ϯϵ ZĞĐŽŵŵĞŶĚĂƟŽŶƐΘEĞǆƚ^ƚĞƉƐ .....................................................30 ZĞŐŝŽŶĂůŝǌĂƟŽŶŽŶƐŝĚĞƌĂƟŽŶƐ .......................................................31 ƉƉĞŶĚŝǆ ........................................................................................33