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Home My WebLink AboutContract ϮϬϮϲ'ZEdE&//Zz'ZDEd t/d,'ZdZZEdKE,DZK&KDDZZEdKE,DZK&KDDZ &KZ&&^Eh>zsEd >K'/E'dyͬdKhZ/^DWZKDKd/KE'ZEdWZK'ZD d,/^'ZDEd͕ĚĂƚĞĚĨŽƌƌĞĨĞƌĞŶĐĞƉƵƌƉŽƐĞƐŽŶůǇĂƐĞĐĞŵďĞƌϯϬ͕ϮϬϮϱ͕ŝƐďǇĂŶĚďĞƚǁĞĞŶ ƚŚĞŝƚǇŽĨZĞŶƚŽŶ;ƚŚĞ͞ŝƚǇ͟Ϳ͕ĂtĂƐŚŝŶŐƚŽŶŵƵŶŝĐŝƉĂůĐŽƌƉŽƌĂƚŝŽŶ͕ĂŶĚƚŚĞ'ƌĞĂƚĞƌZĞŶƚŽŶ ŚĂŵďĞƌ ŽĨ ŽŵŵĞƌĐĞ ĚďĂ ZĞŶƚŽŶ ŚĂŵďĞƌ ŽĨ ŽŵŵĞƌĐĞ ;͞ĞŶĞĨŝĐŝĂƌǇ͟Ϳ͕ Ă tĂƐŚŝŶŐƚŽŶ EŽŶƉƌŽĨŝƚŽƌƉŽƌĂƚŝŽŶĂŶĚƐĞƚƐĨŽƌƚŚƚŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐƵŶĚĞƌǁŚŝĐŚƚŚĞŝƚǇǁŝůůƉƌŽǀŝĚĞ ĂŐƌĂŶƚƚŽĞŶĞĨŝĐŝĂƌǇƵŶĚĞƌƚŚĞdŽƵƌŝƐŵWƌŽŵŽƚŝŽŶ'ƌĂŶƚWƌŽŐƌĂŵ;͞WƌŽŐƌĂŵ͟Ϳ͕ĂƵƚŚŽƌŝǌĞĚďǇ ƚŚĞZĞŶƚŽŶŝƚǇŽƵŶĐŝůŽŶEŽǀĞŵďĞƌϮϰ͕ϮϬϮϱ͘dŚĞWƌŽŐƌĂŵŝƐĨƵŶĚĞĚƚŚƌŽƵŐŚƚŚĞZĞŶƚŽŶ >ŽĚŐŝŶŐdĂǆ;ZDϱͲϭϴͿĂƐĂƵƚŚŽƌŝǌĞĚďǇZtϲϳ͘Ϯϴϱ͘ dŚĞŝƚǇĂŶĚƚŚĞĞŶĞĨŝĐŝĂƌǇĂƌĞƌĞĨĞƌƌĞĚƚŽĐŽůůĞĐƚŝǀĞůǇŝŶƚŚŝƐŐƌĞĞŵĞŶƚĂƐƚŚĞ͞WĂƌƚŝĞƐ͘͟KŶĐĞ ĨƵůůǇĞǆĞĐƵƚĞĚďǇƚŚĞWĂƌƚŝĞƐ͕ƚŚŝƐŐƌĞĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĂƐŽĨƚŚĞůĂƐƚĚĂƚĞƐŝŐŶĞĚďǇďŽƚŚƉĂƌƚŝĞƐ͘ Z/d>^͗ t,Z^͕ƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶĂƵƚŚŽƌŝǌĞĚĨŽƌŵƵŶŝĐŝƉĂůŝƚŝĞƐƚŽĐŽůůĞĐƚĞǆĐŝƐĞƚĂǆŽŶĐĞƌƚĂŝŶ ůŽĚŐŝŶŐďƵƐŝŶĞƐƐĞƐƵŶĚĞƌZĞǀŝƐĞĚtĂƐŚŝŶŐƚŽŶŽĚĞ;͞Zt͟Ϳϲϳ͘Ϯϴ͖ĂŶĚ t,Z^͕ƚŚĞŝƚǇŚĂƐĂƵƚŚŽƌŝǌĞĚĐŽůůĞĐƚŝŽŶŽĨĂϭй;ŽŶĞƉĞƌĐĞŶƚͿĞǆĐŝƐĞƚĂǆŽŶĐĞƌƚĂŝŶůŽĚŐŝŶŐ ďƵƐŝŶĞƐƐĞƐŝŶƚŚĞŝƚǇƵŶĚĞƌZĞŶƚŽŶDƵŶŝĐŝƉĂůŽĚĞ;͞ZD͟ͿϱͲϭϴ͕ǁŚŝĐŚŝƐƚŚĞ͞>ŽĚŐŝŶŐdĂǆ͖͟ ƌĞĨĞƌĞŶĐĞĚŝŶƚŚĞŐƌĞĞŵĞŶƚ͖ĂŶĚ t,Z^͕ƌĞǀĞŶƵĞƐĨƌŽŵƚŚĞ>ŽĚŐŝŶŐdĂǆŵƵƐƚďĞƵƐĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨƚŽƵƌŝƐŵƉƌŽŵŽƚŝŽŶ ĂŶĚƐƵƉƉŽƌƚ͖ĂŶĚ t,Z^͕ƚŚĞŝƚǇŚĂƐĞƐƚĂďůŝƐŚĞĚĂ>ŽĚŐŝŶŐdĂǆĚǀŝƐŽƌǇŽŵŵŝƚƚĞĞ;͞>d͟ͿƚŽĞƐƚĂďůŝƐŚ ƉƉůŝĐĂƚŝŽŶƌŝƚĞƌŝĂ;ǆŚŝďŝƚϭͿ͕ƌĞǀŝĞǁƉƉůŝĐĂƚŝŽŶƐ;͞ĞŶĞĨŝĐŝĂƌǇ͛ƐƉƉůŝĐĂƚŝŽŶ͟ĂƚǆŚŝďŝƚϮͿ͕ĂŶĚ ƌĞĐŽŵŵĞŶĚĞǆƉĞŶĚŝƚƵƌĞƐĨƌŽŵƚŚĞ>ŽĚŐŝŶŐdĂǆĨƵŶĚ;͞>dZĞĐŽŵŵĞŶĚĂƚŝŽŶƐ͟ĂƚǆŚŝďŝƚϯͿ͕ ĞĂĐŚǆŚŝďŝƚŝƐŝŶĐŽƌƉŽƌĂƚĞĚŚĞƌĞŝŶďǇƌĞĨĞƌĞŶĐĞ͖ĂŶĚ CAG-26-027 W'ϮK&ϴ t,Z^͕ƚŚĞŝƚǇ͕ƚŚƌŽƵŐŚƚŚĞ>d͕ŝƐƐƵĞĚĂĂůůĨŽƌƉƉůŝĐĂƚŝŽŶƚŽĞŶƚŝƚŝĞƐƐĞĞŬŝŶŐĨŝŶĂŶĐŝĂů ƐƵƉƉŽƌƚĨŽƌƚŽƵƌŝƐŵƌĞůĂƚĞĚƉƵƌƉŽƐĞƐ͕ǁŚŝĐŚŝƐĂƚƚĂĐŚĞĚŚĞƌĞƚŽĂƐǆŚŝďŝƚϰĂŶĚŝŶĐŽƌƉŽƌĂƚĞĚďǇ ƌĞĨĞƌĞŶĐĞ͖ĂŶĚ t,Z^͕ ƚŚĞ ŝƚǇ͕ ƚŚƌŽƵŐŚ >d͕ ŚĂƐ ƌĞǀŝĞǁĞĚ ƚŚĞ ƉƉůŝĐĂƚŝŽŶ ĂŶĚ ĚĞƚĞƌŵŝŶĞĚ ƚŚĂƚ ƚŚĞ ĞŶĞĨŝĐŝĂƌǇ ŝƐ ĞůŝŐŝďůĞ ĨŽƌ ĂƐƐŝƐƚĂŶĐĞ ƵŶĚĞƌ ƚŚŝƐ WƌŽŐƌĂŵ ĂŶĚ ŝƐ ƉƌŽŵŽƚŝŶŐ ƚŽƵƌŝƐŵ ƌĞůĂƚĞĚ ĂĐƚŝǀŝƚŝĞƐ͖ĂŶĚ t,Z^͕ ƚŚĞ ŝƚǇ ŽƵŶĐŝů ŽŶ EŽǀĞŵďĞƌ Ϯϰ͕ ϮϬϮϱ͕ ŚĂƐ ĂƉƉƌŽǀĞĚ Ă ŐƌĂŶƚ ĂǁĂƌĚ ƚŽ ƚŚĞ ĞŶĞĨŝĐŝĂƌǇ͖ EKtd,Z&KZ͕ŝŶĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨƚŚĞŵƵƚƵĂůĐŽǀĞŶĂŶƚƐĂŶĚĂŐƌĞĞŵĞŶƚƐŚĞƌĞŝŶ͕ƚŚĞ WĂƌƚŝĞƐĂŐƌĞĞĂƐĨŽůůŽǁƐ͗ 'ZDEd ϭ͘ 'ƌĂŶƚŵŽƵŶƚĂŶĚŝƐďƵƌƐĞŵĞŶƚ͘ Ă͘ ŵŽƵŶƚ͘dŚĞƚŽƚĂůĂŵŽƵŶƚƚŽďĞĂǁĂƌĚĞĚƚŽĞŶĞĨŝĐŝĂƌǇƵŶĚĞƌƚŚĞƉƌŽŐƌĂŵŝƐ ƵƉ ƚŽ ƚŚŝƌƚǇ ƚŚŽƵƐĂŶĚ ĚŽůůĂƌƐ ;ΨϯϬ͕ϬϬϬͿ ĂƐ Ă ƌĞŝŵďƵƌƐĞŵĞŶƚ ĨŽƌ ĞůŝŐŝďůĞ ĞǆƉĞŶƐĞƐ͘ǆĐĞƉƚĂƐƐƉĞĐŝĨŝĐĂůůǇƉƌŽǀŝĚĞĚŚĞƌĞŝŶ͕ƚŚĞĞŶĞĨŝĐŝĂƌǇƐŚĂůůďĞƐŽůĞůǇ ƌĞƐƉŽŶƐŝďůĞĨŽƌƉĂǇŵĞŶƚŽĨĂŶǇƚĂǆĞƐŝŵƉŽƐĞĚĂƐĂƌĞƐƵůƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ď͘ ǁĂƌĚŝƐďƵƌƐĞŵĞŶƚ͘ ŝ͘ ZĞŝŵďƵƌƐĞŵĞŶƚZĞƋƵĞƐƚ͘KŶĂŵŽŶƚŚůǇ͕ŽƌŶŽůĞƐƐƚŚĂŶƋƵĂƌƚĞƌůǇďĂƐŝƐ ĚƵƌŝŶŐ ĂŶǇ ƋƵĂƌƚĞƌ ŝŶ ǁŚŝĐŚ ƚŽƵƌŝƐŵ ƉƌŽŵŽƚŝŽŶ Žƌ ƐƵƉƉŽƌƚ ŝƐ ĐŽŵƉůĞƚĞĚ͕ ĞŶĞĨŝĐŝĂƌǇ ƐŚĂůů ƐƵďŵŝƚ Ă ƌĞŝŵďƵƌƐĞŵĞŶƚ ƌĞƋƵĞƐƚ ŝŶĂ ĨŽƌŵĂƚ ĂĐĐĞƉƚĂďůĞ ƚŽ ƚŚĞ ŝƚǇ ;ǆŚŝďŝƚ ϱͿǁŝƚŚ ƐƵƉƉŽƌƚŝŶŐ ĚŽĐƵŵĞŶƚĂƚŝŽŶ ŝŶĐůƵĚŝŶŐ͕ ďƵƚ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ͕ ŝŶǀŽŝĐĞƐ Žƌ ƌĞƉŽƌƚƐ ĚĞŵŽŶƐƚƌĂƚŝŶŐĞǆƉĞŶƐĞƐĨŽƌǁŚŝĐŚƌĞŝŵďƵƌƐĞŵĞŶƚŝƐƐŽƵŐŚƚ͘ ŝŝ͘ WĂǇŵĞŶƚ͘WĂǇŵĞŶƚƐŚĂůůďĞŵĂĚĞďǇŝƚǇǁŝƚŚŝŶƚŚŝƌƚǇ;ϯϬͿĐĂůĞŶĚĂƌ ĚĂǇƐĂĨƚĞƌƌĞĐĞŝƉƚĂŶĚĂƉƉƌŽǀĂůďǇƚŚĞĂƉƉƌŽƉƌŝĂƚĞŝƚǇƌĞƉƌĞƐĞŶƚĂƚŝǀĞ ŽĨƚŚĞŝŶǀŽŝĐĞ͘ ŝŝŝ͘ EŽ ǁĂŝǀĞƌ͘ WĂǇŵĞŶƚ ĨŽƌ ĂŶǇ ƌĞŝŵďƵƌƐĞŵĞŶƚ ƐŚĂůů ŶŽƚ ĐŽŶƐƚŝƚƵƚĞ Ă ǁĂŝǀĞƌďǇƚŚĞŝƚǇŽĨĂŶǇƌĞŵĞĚŝĞƐŝƚŵĂǇŚĂǀĞĨŽƌĂŶǇďƌĞĂĐŚŽĨƚŚŝƐ ŐƌĞĞŵĞŶƚďǇƚŚĞĞŶĞĨŝĐŝĂƌǇ͘ ŝǀ͘ dĂǆŝŵƉůŝĐĂƚŝŽŶƐ͘'ƌĂŶƚĨƵŶĚƐŵĂǇďĞƚĂǆĂďůĞ͘WůĞĂƐĞĐŽŶƐƵůƚǇŽƵƌ ĨŝŶĂŶĐŝĂůĂĚǀŝƐŽƌͬƚĂǆƉƌŽĨĞƐƐŝŽŶĂůĨŽƌŐƵŝĚĂŶĐĞ͘/ĨŝƚŝƐƌĞƋƵŝƌĞĚďǇƚŚĞ /Z^͕ĂϭϬϵϵĨŽƌŵǁŝůůďĞŝƐƐƵĞĚƚŽƚŚĞĞŶĞĨŝĐŝĂƌǇ͘ Ϯ͘ &ŝŶĂůZĞƉŽƌƚ͗dŽŐĞƚŚĞƌǁŝƚŚƚŚĞĨŝŶĂůƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚ͕ĂŶĚŝŶĂĨŽƌŵĂƚĂĐĐĞƉƚĂďůĞ ƚŽƚŚĞŝƚǇ;ǆŚŝďŝƚϲͿ͕ĞŶĞĨŝĐŝĂƌǇƐŚĂůůƐƵďŵŝƚĂĨŝŶĂůƌĞƉŽƌƚĚĞƚĂŝůŝŶŐŽƵƚĐŽŵĞƐƌĞůĂƚĞĚ ƚŽďƵĚŐĞƚ͕ĂĐƚŝǀŝƚŝĞƐ͕ŽďũĞĐƚŝǀĞƐ͕ĂŶĚĂƚƚĞŶĚĂŶĐĞĂƐĨŝƌƐƚĚĞƐĐƌŝďĞĚŝŶƚŚĞĞŶĞĨŝĐŝĂƌǇ͛Ɛ ĂƉƉůŝĐĂƚŝŽŶĨŽƌƚŚĞ'ƌĂŶƚ͘ W'ϯK&ϴ ϯ͘ ^ĐŽƉĞŽĨůŝŐŝďůĞǆƉĞŶĚŝƚƵƌĞƐ͗'ƌĂŶƚĨƵŶĚƐĚŝƐďƵƌƐĞĚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůŽŶůǇďĞ ƵƐĞĚƚŽƉĂǇŽƌƌĞŝŵďƵƌƐĞĞůŝŐŝďůĞĞǆƉĞŶƐĞƐĂƐĚĞƐĐƌŝďĞĚŝŶƚŚĞƌŝƚĞƌŝĂ; ǆŚŝďŝƚϭͿĂŶĚŝŶ ƚŚĞ͞WƌŽŐƌĂŵĂůůĨŽƌƉƉůŝĐĂƚŝŽŶƐ͟;ǆŚŝďŝƚϰͿ Ă͘ ZĞŝŵďƵƌƐĞŵĞŶƚ ĞĨŝŶĞĚ͘ ͞ZĞŝŵďƵƌƐĞŵĞŶƚ͟ ŵĞĂŶƐ ŐƌĂŶƚ ĚŝƐďƵƌƐĞŵĞŶƚ ƚŽ ĞŶĞĨŝĐŝĂƌǇ ƵƉŽŶ ƌĞĐĞŝƉƚ ďǇ ƚŚĞ ŝƚǇ ŽĨ ŝŶǀŽŝĐĞƐ ĂŶĚ ĚŽĐƵŵĞŶƚĂƚŝŽŶ ĚĞŵŽŶƐƚƌĂƚŝŶŐĞůŝŐŝďůĞĞǆƉĞŶƐĞƐ͘ ď͘ EŽƵƉůŝĐĂƚŝŽŶŽĨWĂǇŵĞŶƚ͘EŽŐƌĂŶƚĨƵŶĚƐŵĂǇďĞƵƐĞĚƚŽƉĂǇŽƌƌĞŝŵďƵƌƐĞ ĐŽƐƚƐĨŽƌĞǆƉĞŶĚŝƚƵƌĞƐĨŽƌǁŚŝĐŚĞŶĞĨŝĐŝĂƌǇŚĂƐƌĞĐĞŝǀĞĚĂŶǇŽƚŚĞƌĨƵŶĚŝŶŐ͕ 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ŝƚǇĨŽƌĂůůĐŽƐƚƐ͕ŝŶĐůƵĚŝŶŐĂƚƚŽƌŶĞǇƐ͛ĨĞĞƐ͕ĂƚƚĞŶĚĂŶƚƚŽĂŶǇĐůĂŝŵŽƌ ůŝƚŝŐĂƚŝŽŶƌĞůĂƚĞĚƚŽĂWƵďůŝĐZĞĐŽƌĚƐĐƚƌĞƋƵĞƐƚĨŽƌǁŚŝĐŚĞŶĞĨŝĐŝĂƌǇ ŚĂƐƌĞƐƉŽŶƐŝǀĞƌĞĐŽƌĚƐĂŶĚĨŽƌǁŚŝĐŚĞŶĞĨŝĐŝĂƌǇŚĂƐǁŝƚŚŚĞůĚƌĞĐŽƌĚƐ ŽƌŝŶĨŽƌŵĂƚŝŽŶĐŽŶƚĂŝŶĞĚƚŚĞƌĞŝŶ͕ŽƌŶŽƚƉƌŽǀŝĚĞĚƚŚĞŵƚŽƚŚĞŝƚǇŝŶ ĂƚŝŵĞůǇŵĂŶŶĞƌ͘ ŝŝŝ͘ ĞŶĞĨŝĐŝĂƌǇƐŚĂůůƉƌŽĚƵĐĞƚŽƚŚĞŝƚǇĨŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶǇĂŶĚĂůůƌĞĐŽƌĚƐ ƌĞƐƉŽŶƐŝǀĞƚŽƚŚĞWƵďůŝĐZĞĐŽƌĚƐĐƚƌĞƋƵĞƐƚŝŶĂƚŝŵĞůǇŵĂŶŶĞƌ͕ƵŶůĞƐƐ ƚŚŽƐĞƌĞĐŽƌĚƐĂƌĞƉƌŽƚĞĐƚĞĚďǇĐŽƵƌƚŽƌĚĞƌ͘dŚĞ ƉƌŽǀŝƐŝŽŶƐŽĨƚŚŝƐ ƐĞĐƚŝŽŶƐŚĂůůƐƵƌǀŝǀĞƚŚĞĞǆƉŝƌĂƚŝŽŶŽƌƚĞƌŵŝŶĂƚŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ϱ͘ WƵďůŝĐĂƚŝŽŶƐ͘ŶǇƉƵďůŝĐĂƚŝŽŶƐƉƌŽĚƵĐĞĚǁŝƚŚĨƵŶĚƐĨƌŽŵƚŚŝƐŐƌĞĞŵĞŶƚŵƵƐƚĚŝƐƉůĂǇƚŚĞ ĨŽůůŽǁŝŶŐůĂŶŐƵĂŐĞ͗͞dŚŝƐƉƌŽũĞĐƚŝƐďĞŝŶŐƐƵƉƉŽƌƚĞĚ͕ŝŶǁŚŽůĞŽƌŝŶƉĂƌƚ͕ďǇĂŐƌĂŶƚĨƌŽŵƚŚĞ ŝƚǇŽĨZĞŶƚŽŶ͘͟ ϲ͘ ŝƐĐůĂŝŵĞƌďǇƚŚĞŝƚǇ͘dŚĞŝƚǇĞǆƉƌĞƐƐůǇĚŝƐĐůĂŝŵƐĂŶǇĂŶĚĂůůƌĞƐƉŽŶƐŝďŝůŝƚǇŽƌůŝĂďŝůŝƚǇƚŽ ĞŶĞĨŝĐŝĂƌǇŽƌƚŚŝƌĚƉĞƌƐŽŶƐĨŽƌƚŚĞĂĐƚŝŽŶƐŽĨĞŶĞĨŝĐŝĂƌǇŽƌƚŚŝƌĚƉĞƌƐŽŶƐƌĞƐƵůƚŝŶŐŝŶ ĚĞĂƚŚ͕ďŽĚŝůǇŝŶũƵƌǇ͕ƉƌŽƉĞƌƚǇĚĂŵĂŐĞƐ͕ŽƌĂŶǇŽƚŚĞƌůŽƐƐĞƐƌĞƐƵůƚŝŶŐŝŶĂŶǇǁĂǇĨƌŽŵƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞ ŽĨ ƚŚŝƐ ŐƌĞĞŵĞŶƚ Žƌ ĂŶǇ ŽƚŚĞƌ ůŽƐƐĞƐ ƌĞƐƵůƚŝŶŐ ŝŶĂŶǇ ǁĂǇ ĨƌŽŵ ƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞŐƌĞĞŵĞŶƚ͕ŽƌĂŶǇƐƵďĐŽŶƚƌĂĐƚƚŚĞƌĞƚŽ͘dŚŝƐŐƌĞĞŵĞŶƚĚŽĞƐŶŽƚŝŶ ĂŶǇǁĂǇĞƐƚĂďůŝƐŚĂŶĂŐĞŶĐǇƌĞůĂƚŝŽŶƐŚŝƉďĞƚǁĞĞŶŽƌĂŵŽŶŐƚŚĞŝƚǇĂŶĚͬŽƌĞŶĞĨŝĐŝĂƌǇ͘ ϳ͘ ǆƉĞŶƐĞƐ/ŶĐƵƌƌĞĚŝŶǆĐĞƐƐŽĨWƌŽŐƌĂŵǁĂƌĚ&ƵŶĚƐ ͘ĞŶĞĨŝĐŝĂƌǇĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚĂŶǇ ĞǆƉĞŶƐĞƐ ŝŶĐƵƌƌĞĚ ŝŶ ĞǆĐĞƐƐ ŽĨ WƌŽŐƌĂŵ ǁĂƌĚ &ƵŶĚƐ ĂƌĞ ƚŚĞ ĞŶĞĨŝĐŝĂƌǇ͛Ɛ ƐŽůĞ ƌĞƐƉŽŶƐŝďŝůŝƚǇĂŶĚǁŝůůŶŽƚďĞƉĂŝĚďǇƚŚĞŝƚǇ͘ ϴ͘ ZĞƉĂǇŵĞŶƚŽĨ&ƵŶĚƐ͘/ĨĂŶǇĨƵŶĚƐƉƌŽǀŝĚĞĚƚŽĞŶĞĨŝĐŝĂƌǇǁĞƌĞƵƐĞĚŝŶĂŵĂŶŶĞƌƚŚĂƚŝƐŶŽƚ ĐŽŶƐŝƐƚĞŶƚŽƌĂůůŽǁĂďůĞĂƐŽƵƚůŝŶĞĚŝŶƚŚŝƐŐƌĞĞŵĞŶƚ͕ĞŶĞĨŝĐŝĂƌǇƐŚĂůůƌĞƚƵƌŶĨƵŶĚƐƚŽ ŝƚǇ ŝŶ ƚŚĞ ĂŵŽƵŶƚ ĚĞƚĞƌŵŝŶĞĚ ƚŽ ďĞ ŝŶĞůŝŐŝďůĞ͘ĞŶĞĨŝĐŝĂƌǇ ĨƵƌƚŚĞƌ ĂŐƌĞĞƐ ƚŚĂƚ ŝƚ ŝƐ ĨŝŶĂŶĐŝĂůůǇƌĞƐƉŽŶƐŝďůĞĨŽƌĂŶĚǁŝůůƌĞƉĂǇƚŚĞŝƚǇĂŶǇĂŶĚĂůůŝŶĚŝĐĂƚĞĚĂŵŽƵŶƚƐĨŽůůŽǁŝŶŐ ĂŶĂƵĚŝƚĞǆĐĞƉƚŝŽŶǁŚŝĐŚŽĐĐƵƌƐĚƵĞƚŽĞŶĞĨŝĐŝĂƌǇ͛ƐĨĂŝůƵƌĞ͕ĨŽƌĂŶǇƌĞĂƐŽŶ͕ƚŽĐŽŵƉůǇ ǁŝƚŚƚŚĞƚĞƌŵƐŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘dŚŝƐĚƵƚǇƚŽƌĞƉĂǇƚŚĞŝƚǇƐŚĂůůŶŽƚďĞĚŝŵŝŶŝƐŚĞĚŽƌ ĞǆƚŝŶŐƵŝƐŚĞĚďǇƚŚĞƚĞƌŵŝŶĂƚŝŽŶŽĨƚŚĞŐƌĞĞŵĞŶƚ͘ ϵ͘ dĞƌŵŝŶĂƚŝŽŶ͘dŚĞŝƚǇƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽƚĞƌŵŝŶĂƚĞƚŚŝƐŐƌĞĞŵĞŶƚĂƚĂŶǇƚŝŵĞ͕ǁŝƚŚŽƌ ǁŝƚŚŽƵƚĐĂƵƐĞďǇŐŝǀŝŶŐƚĞŶ;ϭϬͿĐĂůĞŶĚĂƌĚĂǇƐ͛ŶŽƚŝĐĞƚŽƚŚĞĞŶĞĨŝĐŝĂƌǇŝŶǁƌŝƚŝŶŐ͘/ŶƚŚĞ W'ϲK&ϴ ĞǀĞŶƚŽĨƐƵĐŚƚĞƌŵŝŶĂƚŝŽŶŽƌƐƵƐƉĞŶƐŝŽŶ͕ĞŶĞĨŝĐŝĂƌǇǁĂŝǀĞƐĂŶǇƌŝŐŚƚƚŽƵŶͲĚŝƐƚƌŝďƵƚĞĚ ƉŽƌƚŝŽŶƐŽĨƚŚĞĂǁĂƌĚ͘ ϭϬ͘ ŽŶĨůŝĐƚŽĨ/ŶƚĞƌĞƐƚ͘ Ă͘ ĞŶĞĨŝĐŝĂƌǇ ĚĞƐŝŐŶĞĞƐ͕ ĂŐĞŶƚƐ͕ ŵĞŵďĞƌƐ͕ ŽĨĨŝĐĞƌƐ͕ ĞŵƉůŽǇĞĞƐ͕ ĐŽŶƐƵůƚĂŶƚƐ͕ ĂŶĚĂŶǇŽƚŚĞƌƉƵďůŝĐŽĨĨŝĐŝĂůǁŚŽĞǆĞƌĐŝƐĞƐŽƌǁŚŽŚĂƐĞǆĞƌĐŝƐĞĚĂŶǇĨƵŶĐƚŝŽŶƐ ŽƌƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐǁŝƚŚƌĞƐƉĞĐƚƚŽƚŚĞWƌŽŐƌĂŵĚƵƌŝŶŐŚŝƐŽƌŚĞƌƚĞŶƵƌĞ͕ŽƌǁŚŽ ŝƐ ŝŶ ĂƉŽƐŝƚŝŽŶƚŽƉĂƌƚŝĐŝƉĂƚĞ ŝŶ Ă ĚĞĐŝƐŝŽŶͲŵĂŬŝŶŐ ƉƌŽĐĞƐƐ Žƌ ŐĂŝŶ ŝŶƐŝĚĞ ŝŶĨŽƌŵĂƚŝŽŶǁŝƚŚƌĞŐĂƌĚƚŽƚŚĞWƌŽŐƌĂŵ͕ĂƌĞďĂƌƌĞĚĨƌŽŵĂŶǇŝŶƚĞƌĞƐƚ͕ĚŝƌĞĐƚ ŽƌŝŶĚŝƌĞĐƚ͕ŝŶĂŶǇŐƌĂŶƚŽƌƉƌŽĐĞĞĚƐŽĨƚŚĞWƌŽŐƌĂŵ͕ŽƌďĞŶĞĨŝƚƚŚĞƌĞĨƌŽŵ͕ ǁŚŝĐŚŝƐƉĂƌƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚĂƚĂŶǇƚŝŵĞĚƵƌŝŶŐŽƌĂĨƚĞƌƐƵĐŚƉĞƌƐŽŶΖƐ ƚĞŶƵƌĞ͘ ď͘ dŚĞŝƚǇ͛ƐŽĚĞŽĨƚŚŝĐƐĂŶĚtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞůĂǁƉƌŽŚŝďŝƚŝƚǇĞŵƉůŽǇĞĞƐ ĨƌŽŵƐŽůŝĐŝƚŝŶŐ͕ĂĐĐĞƉƚŝŶŐ͕ŽƌƌĞĐĞŝǀŝŶŐĂŶǇŐŝĨƚ͕ŐƌĂƚƵŝƚǇŽƌĨĂǀŽƌĨƌŽŵĂŶǇ ƉĞƌƐŽŶ͕ĨŝƌŵŽƌĐŽƌƉŽƌĂƚŝŽŶŝŶǀŽůǀĞĚŝŶĂĐŽŶƚƌĂĐƚŽƌƚƌĂŶƐĂĐƚŝŽŶ͘dŽĞŶƐƵƌĞ ĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞŝƚǇ͛ƐŽĚĞŽĨƚŚŝĐƐĂŶĚƐƚĂƚĞůĂǁ͕ƚŚĞĞŶĞĨŝĐŝĂƌǇƐŚĂůů ŶŽƚŐŝǀĞĂŐŝĨƚŽĨĂŶǇŬŝŶĚƚŽŝƚǇĞŵƉůŽǇĞĞƐŽƌŽĨĨŝĐŝĂůƐ͘ Đ͘ ĞŶĞĨŝĐŝĂƌǇĂůƐŽĐŽŶĨŝƌŵƐƚŚĂƚĞŶĞĨŝĐŝĂƌǇĚŽĞƐŶŽƚŚĂǀĞĂďƵƐŝŶĞƐƐŝŶƚĞƌĞƐƚŽƌ ĂĐůŽƐĞĨĂŵŝůǇƌĞůĂƚŝŽŶƐŚŝƉǁŝƚŚĂŶǇŝƚǇŽĨĨŝĐĞƌŽƌĞŵƉůŽǇĞĞǁŚŽǁĂƐ͕ŝƐ͕Žƌ ǁŝůůďĞŝŶǀŽůǀĞĚŝŶƐĞůĞĐƚŝŶŐƚŚĞĞŶĞĨŝĐŝĂƌǇ͕ŶĞŐŽƚŝĂƚŝŶŐ͕ŽƌĂĚŵŝŶŝƐƚĞƌŝŶŐƚŚŝƐ ŐƌĞĞŵĞŶƚ͕ŽƌĞǀĂůƵĂƚŝŶŐƚŚĞĞŶĞĨŝĐŝĂƌǇ͛ƐƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞtŽƌŬ͘ ϭϭ͘ EŽƚŝĐĞƐ͗ŶǇŶŽƚŝĐĞƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚǁŝůůďĞŝŶǁƌŝƚŝŶŐ͕ĂĚĚƌĞƐƐĞĚƚŽƚŚĞ ĂƉƉƌŽƉƌŝĂƚĞƉĂƌƚǇĂƚƚŚĞĂĚĚƌĞƐƐǁŚŝĐŚĂƉƉĞĂƌƐďĞůŽǁ;ĂƐŵŽĚŝĨŝĞĚŝŶǁƌŝƚŝŶŐĨƌŽŵƚŝŵĞƚŽ ƚŝŵĞďǇƐƵĐŚƉĂƌƚǇͿ͕ĂŶĚŐŝǀĞŶƉĞƌƐŽŶĂůůǇ͕ďǇƌĞŐŝƐƚĞƌĞĚŽƌĐĞƌƚŝĨŝĞĚŵĂŝů͕ƌĞƚƵƌŶƌĞĐĞŝƉƚ ƌĞƋƵĞƐƚĞĚ͕ďǇĨĂĐƐŝŵŝůĞŽƌďǇŶĂƚŝŽŶĂůůǇƌĞĐŽŐŶŝǌĞĚŽǀĞƌŶŝŐŚƚĐŽƵƌŝĞƌƐĞƌǀŝĐĞ͘dŝŵĞƉĞƌŝŽĚĨŽƌ ŶŽƚŝĐĞƐƐŚĂůůďĞĚĞĞŵĞĚƚŽŚĂǀĞĐŽŵŵĞŶĐĞĚƵƉŽŶƚŚĞĚĂƚĞŽĨƌĞĐĞŝƉƚ͕yWdĨĂĐƐŝŵŝůĞ ĚĞůŝǀĞƌǇǁŝůůďĞĚĞĞŵĞĚƚŽŚĂǀĞĐŽŵŵĞŶĐĞĚŽŶƚŚĞĨŝƌƐƚďƵƐŝŶĞƐƐĚĂǇĨŽůůŽǁŝŶŐƚƌĂŶƐŵŝƐƐŝŽŶ͘ ŵĂŝůĂŶĚƚĞůĞƉŚŽŶĞŵĂǇďĞƵƐĞĚĨŽƌƉƵƌƉŽƐĞƐŽĨĂĚŵŝŶŝƐƚĞƌŝŶŐƚŚĞŐƌĞĞŵĞŶƚďƵƚƐŚŽƵůĚ ŶŽƚďĞƵƐĞĚƚŽŐŝǀĞĂŶǇĨŽƌŵĂůŶŽƚŝĐĞƌĞƋƵŝƌĞĚďǇƚŚĞŐƌĞĞŵĞŶƚ͘ /dzK&ZEdKE :ĞƐƐŝĞ<ŽƚĂƌƐŬŝ ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚDĂŶĂŐĞƌ ͬŝƚǇŽĨZĞŶƚŽŶ ϭϬϱϱ^ŽƵƚŚ'ƌĂĚǇtĂǇ͕ϲƚŚ&ůŽŽƌ ZĞŶƚŽŶ͕tϵϴϬϱϳ WŚŽŶĞ͗;ϰϮϱͿϰϯϬͲϳϮϳϭ ŵĂŝů͗ũŬŽƚĂƌƐŬŝΛƌĞŶƚŽŶǁĂ͘ŐŽǀ E&//Zz ŝĂŶĞŽďƐŽŶ K ZĞŶƚŽŶŚĂŵďĞƌŽĨŽŵŵĞƌĐĞ ϲϮϱ^ϰƚŚ^ƚ ZĞŶƚŽŶ͕tϵϴϬϱϳ WŚŽŶĞ͗;ϰϮϱͿϮϮϲͲϰϱϲϬ ŵĂŝů͗ĚŝĂŶĞΛŐŽƌĞŶƚŽŶ͘ĐŽŵ ϭϮ͘ tĂŝǀĞƌͬŽŶĨůŝĐƚŽĨdĞƌŵƐ͘ Ă͘ ŶǇǁĂŝǀĞƌďǇƚŚĞĞŶĞĨŝĐŝĂƌǇŽƌƚŚĞŝƚǇŽĨƚŚĞďƌĞĂĐŚŽĨĂŶǇƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐ ŐƌĞĞŵĞŶƚďǇƚŚĞŽƚŚĞƌƉĂƌƚǇǁŝůůŶŽƚŽƉĞƌĂƚĞ͕ŽƌďĞĐŽŶƐƚƌƵĞĚ͕ĂƐĂǁĂŝǀĞƌ W'ϳK&ϴ ŽĨ ĂŶǇ ƐƵďƐĞƋƵĞŶƚ ďƌĞĂĐŚ ďǇ ĞŝƚŚĞƌ ƉĂƌƚǇ Žƌ ƉƌĞǀĞŶƚ ĞŝƚŚĞƌ ƉĂƌƚǇ ĨƌŽŵ ƚŚĞƌĞĂĨƚĞƌĞŶĨŽƌĐŝŶŐĂŶǇƐƵĐŚƉƌŽǀŝƐŝŽŶƐ͘ ď͘ /ŶƚŚĞĞǀĞŶƚŽĨĂŶǇŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐďĞƚǁĞĞŶĞŶĞĨŝĐŝĂƌǇƉƌŽƉŽƐĂůƐĂŶĚƚŚŝƐ ŐƌĞĞŵĞŶƚ͕ ƚŚĞ ƚĞƌŵƐ ŽĨ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ƐŚĂůů ƉƌĞǀĂŝů͘ ŶǇ ĞǆŚŝďŝƚƐͬĂƚƚĂĐŚŵĞŶƚƐƚŽƚŚŝƐŐƌĞĞŵĞŶƚĂƌĞŝŶĐŽƌƉŽƌĂƚĞĚďǇƌĞĨĞƌĞŶĐĞŽŶůǇƚŽ ƚŚĞ ĞǆƚĞŶƚ ŽĨ ƚŚĞ ƉƵƌƉŽƐĞ ĨŽƌ ǁŚŝĐŚ ƚŚĞǇ ĂƌĞ ƌĞĨĞƌĞŶĐĞĚ ǁŝƚŚŝŶƚŚŝƐ ŐƌĞĞŵĞŶƚ͘dŽƚŚĞĞǆƚĞŶƚĂĞŶĞĨŝĐŝĂƌǇͲƉƌĞƉĂƌĞĚĞǆŚŝďŝƚĐŽŶĨůŝĐƚƐǁŝƚŚƚŚĞ ƚĞƌŵƐŝŶƚŚĞďŽĚǇŽĨƚŚŝƐŐƌĞĞŵĞŶƚŽƌĐŽŶƚĂŝŶƐƚĞƌŵƐƚŚĂƚĂƌĞĞǆƚƌĂŶĞŽƵƐƚŽ ƚŚĞƉƵƌƉŽƐĞĨŽƌǁŚŝĐŚŝƚŝƐƌĞĨĞƌĞŶĐĞĚ͕ƚŚĞƚĞƌŵƐŝŶƚŚĞďŽĚǇŽĨƚŚŝƐŐƌĞĞŵĞŶƚ ƐŚĂůůƉƌĞǀĂŝůĂŶĚƚŚĞĞǆƚƌĂŶĞŽƵƐƚĞƌŵƐƐŚĂůůŶŽƚďĞŝŶĐŽƌƉŽƌĂƚĞĚŚĞƌĞŝŶ͘ ϭϯ͘ DŽĚŝĨŝĐĂƚŝŽŶ͘dŚŝƐŐƌĞĞŵĞŶƚŵĂǇŽŶůǇďĞĂŵĞŶĚĞĚďǇǁƌŝƚƚĞŶĂŐƌĞĞŵĞŶƚƐŝŐŶĞĚďǇďŽƚŚ WĂƌƚŝĞƐ͘ ϭϰ͘ ^ĞǀĞƌĂďŝůŝƚǇ͘/ŶƚŚĞĞǀĞŶƚĂŶǇƚĞƌŵŽƌĐŽŶĚŝƚŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚŽƌĂƉƉůŝĐĂƚŝŽŶƚŚĞƌĞŽĨƚŽ ĂŶǇƉĞƌƐŽŶŽƌĐŝƌĐƵŵƐƚĂŶĐĞƐŝƐŚĞůĚŝŶǀĂůŝĚ͕ƐƵĐŚŝŶǀĂůŝĚŝƚǇƐŚĂůůŶŽƚĂĨĨĞĐƚŽƚŚĞƌƚĞƌŵƐ͕ ĐŽŶĚŝƚŝŽŶƐ͕ŽƌĂƉƉůŝĐĂƚŝŽŶƐŽĨƚŚŝƐŐƌĞĞŵĞŶƚƚŚĂƚĐĂŶďĞŐŝǀĞŶĞĨĨĞĐƚǁŝƚŚŽƵƚƚŚĞŝŶǀĂůŝĚ ƚĞƌŵ͕ĐŽŶĚŝƚŝŽŶ͕ŽƌĂƉƉůŝĐĂƚŝŽŶ͘dŽƚŚŝƐĞŶĚ͕ƚŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚĞŐƌĞĞŵĞŶƚ ĂƌĞĚĞĐůĂƌĞĚƐĞǀĞƌĂďůĞ͘ ϭϱ͘ 'ŽǀĞƌŶŝŶŐ>ĂǁƐ͘ŶǇůĂǁƐƵŝƚŽƌůĞŐĂůĂĐƚŝŽŶďƌŽƵŐŚƚďǇĂŶǇƉĂƌƚǇƚŽĞŶĨŽƌĐĞŽƌŝŶƚĞƌƉƌĞƚƚŚŝƐ ŐƌĞĞŵĞŶƚŽƌĂŶǇŽĨŝƚƐƚĞƌŵƐŽƌĐŽǀĞŶĂŶƚƐƐŚĂůůďĞďƌŽƵŐŚƚŝŶƚŚĞ<ŝŶŐŝƚǇ^ƵƉĞƌŝŽƌ ŽƵƌƚĨŽƌƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶĂƚƚŚĞDĂůĞŶŐZĞŐŝŽŶĂů:ƵƐƚŝĐĞĞŶƚĞƌŝŶ<ĞŶƚ͕<ŝŶŐ ŝƚǇ͕tĂƐŚŝŶŐƚŽŶ͕ŽƌŝƚƐƌĞƉůĂĐĞŵĞŶƚŽƌƐƵĐĐĞƐƐŽƌ͘ĞŶĞĨŝĐŝĂƌǇŚĞƌĞďǇĞǆƉƌĞƐƐůǇĐŽŶƐĞŶƚƐ ƚŽƚŚĞƉĞƌƐŽŶĂůĂŶĚĞǆĐůƵƐŝǀĞũƵƌŝƐĚŝĐƚŝŽŶĂŶĚǀĞŶƵĞŽĨƐƵĐŚĐŽƵƌƚĞǀĞŶŝĨĞŶĞĨŝĐŝĂƌǇŝƐĂ ĨŽƌĞŝŐŶĐŽƌƉŽƌĂƚŝŽŶŶŽƚƌĞŐŝƐƚĞƌĞĚǁŝƚŚƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶ͘ ϭϲ͘ /ŶĚĞŵŶŝĨŝĐĂƚŝŽŶ͘dŽƚŚĞŵĂǆŝŵƵŵĞǆƚĞŶƚƉĞƌŵŝƚƚĞĚďǇůĂǁ͕ĞŶĞĨŝĐŝĂƌǇƐŚĂůů͕ĂƚŝƚƐĐŽƐƚĂŶĚ ĞǆƉĞŶƐĞ͕ƉƌŽƚĞĐƚ͕ĚĞĨĞŶĚ͕ŝŶĚĞŵŶŝĨǇ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŝƚǇ͕ŝƚƐĚŝƌĞĐƚŽƌƐ͕ŽĨĨŝĐĞƌƐ͕ ĞŵƉůŽǇĞĞƐ͕ĂŶĚĂŐĞŶƚƐ͕ĨƌŽŵĂŶĚĂŐĂŝŶƐƚĂŶǇĂŶĚĂůůĚĞŵĂŶĚƐ͕ůŝĂďŝůŝƚŝĞƐ͕ĐĂƵƐĞƐŽĨĂĐƚŝŽŶ͕ ĐŽƐƚƐĂŶĚĞǆƉĞŶƐĞƐ;ŝŶĐůƵĚŝŶŐĂƚƚŽƌŶĞǇƐ͛ĨĞĞƐͿ͕ĐůĂŝŵƐ͕ũƵĚŐŵĞŶƚƐ͕ŽƌĂǁĂƌĚƐŽĨĚĂŵĂŐĞƐ͕ ĂƌŝƐŝŶŐŽƵƚ ŽĨ Žƌ ŝŶ ĂŶǇ ǁĂǇ ƌĞƐƵůƚŝŶŐ ĨƌŽŵƚŚĞ ĂĐƚƐ Žƌ ŽŵŝƐƐŝŽŶƐ ŽĨ ĞŶĞĨŝĐŝĂƌǇ͕ ŝƚƐ ĚŝƌĞĐƚŽƌƐ͕ŽĨĨŝĐĞƌƐ͕ĞŵƉůŽǇĞĞƐ͕ŽƌĂŐĞŶƚƐ͕ƌĞůĂƚŝŶŐŝŶĂŶǇǁĂǇƚŽĞŶĞĨŝĐŝĂƌǇ͛ƐƉĞƌĨŽƌŵĂŶĐĞ ŽƌŶŽŶͲƉĞƌĨŽƌŵĂŶĐĞƵŶĚĞƌƚŚĞŐƌĞĞŵĞŶƚ͘ĞŶĞĨŝĐŝĂƌǇĂŐƌĞĞƐƚŚĂƚŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌ ƚŚŝƐƉĂƌĂŐƌĂƉŚĞǆƚĞŶĚƚŽĂŶǇĚĞŵĂŶĚƐ͕ůŝĂďŝůŝƚŝĞƐ͕ĐĂƵƐĞƐŽĨĂĐƚŝŽŶ͕ŽƌĐůĂŝŵƐďƌŽƵŐŚƚďǇ͕ ŽƌŽŶďĞŚĂůĨŽĨ͕ĂŶǇŽĨŝƚƐĞŵƉůŽǇĞĞƐŽƌĂŐĞŶƚƐ͘&ŽƌƚŚŝƐƉƵƌƉŽƐĞ͕ĞŶĞĨŝĐŝĂƌǇ͕ďǇŵƵƚƵĂů ŶĞŐŽƚŝĂƚŝŽŶ͕ŚĞƌĞďǇǁĂŝǀĞƐ͕ĂƐƌĞƐƉĞĐƚƐƚŚĞŝƚǇŽŶůǇ͕ĂŶǇŝŵŵƵŶŝƚǇƚŚĂƚǁŽƵůĚŽƚŚĞƌǁŝƐĞ ďĞĂǀĂŝůĂďůĞĂŐĂŝŶƐƚƐƵĐŚĐůĂŝŵƐƵŶĚĞƌĂŶǇŝŶĚƵƐƚƌŝĂůŝŶƐƵƌĂŶĐĞĂĐƚ͕ŝŶĐůƵĚŝŶŐdŝƚůĞϱϭ Zt͕ŽƚŚĞƌtŽƌŬĞƌ͛ƐŽŵƉĞŶƐĂƚŝŽŶĂĐƚ͕ĚŝƐĂďŝůŝƚǇďĞŶĞĨŝƚĂĐƚ͕ŽƌŽƚŚĞƌĞŵƉůŽǇĞĞďĞŶĞĨŝƚ ĂĐƚŽĨĂŶǇũƵƌŝƐĚŝĐƚŝŽŶǁŚŝĐŚǁŽƵůĚŽƚŚĞƌǁŝƐĞďĞĂƉƉůŝĐĂďůĞŝŶƚŚĞĐĂƐĞŽĨƐƵĐŚĐůĂŝŵ͘ dŚĞƐĞŝŶĚĞŵŶŝĨŝĐĂƚŝŽŶŽďůŝŐĂƚŝŽŶƐƐŚĂůůƐƵƌǀŝǀĞƚŚĞƚĞƌŵŝŶĂƚŝŽŶŽĨƚŚĞŐƌĞĞŵĞŶƚ͘ 2/2/2026 Approve by Shane Moloney via email 1/5/2026 PAGE 9 OF 14 EXHIBIT 1: LODGING TAX/TOURISM PROMOTION GRANT PROGRAM APPLICATION CRITERIA City of Renton 2026 Lodging Tax Grant Guidelines Preparing for the 2026 Summer of Soccer The City of Renton is seeking proposals that support tourism, cultural activities, and the development or operation of tourism-related facilities. In 2026, Renton will help host the Summer of Soccer, welcoming international visitors and showcasing our community during the FIFA World Cup™. This once-in-a-generation opportunity makes this year’s lodging tax funding cycle especially important. Proposals that activate public spaces, engage visitors, and highlight Renton’s identity as a diverse and welcoming destination are strongly encouraged. Eligible Uses of Lodging Tax Funds Per state law, lodging tax funds must be used for one or more of the following: x Tourism marketing x Marketing and operations of special events and festivals x Operations of tourism-ŘôīÍťôîϙċÍèĖīĖťĖôŜϙĺſĲôîϙĺŘϙĺŕôŘÍťôîϙæƅϙĲĺĲŕŘĺƱťϙ organizations x Operations or capital expenditures for tourism-related facilities owned by municipalities or public facilities districts 2025–2026 Funding Priorities This year, the Lodging Tax Advisory Committee (LTAC) will prioritize proposals that help prepare Renton's business and tourism sectors for the 2026 Summer of Soccer. These may include: x Public space activations and visitor-friendly experiences during the soccer season x Events or programs that attract visitors traveling 50+ miles, out of state, or internationally x Cross-ŕŘĺıĺťĖĺĲÍīϙôƯĺŘťŜϙĖĲŽĺīŽĖĲČϙīĺèÍīϙæŪŜĖĲôŜŜôŜϠϙēĺťôīŜϠϙartists, and cultural organizations x IĲĖťĖÍťĖŽôŜϙťēÍťϙôĲēÍĲèôϙſÍƅƱĲîĖĲČϠϙæôÍŪťĖċƅϙħôƅϙèĺŘŘĖîĺŘŜϠϙĺŘϙèŘôÍťôϙīÍŜťĖĲČϙťĺŪŘĖŜıϙ infrastructure x (ƯĺŘťŜϙťĺϙŘÍĖŜôϙôĲťĺĲЍŜϙŘôČĖĺĲÍīϙÍĲîϙĖĲťôŘĲÍťĖĺĲÍīϙŽĖŜĖæĖīĖťƅϙÍŜϙÍϙťŘÍŽôīϙîôŜťĖĲÍťĖĺĲ Note: Community-based micro-grants focused on neighborhood-level engagement and small-scale activations may be administered separately by another City department. The [ϙŕŘĺČŘÍıϙŜŕôèĖƱèÍīīƅϙsupports tourism development and economic readiness tied to increased visitor activity and the generation of overnight hotel stays. Application Process Applications are available at Rentonwa.gov/LTAC. A separate application is required for each project. All applications must include: x Estimated impact on overnight stays, visitor travel from 50+ miles, or out-of-state attendance x Explanation of how your project will: o @ôĲôŘÍťôϙôèĺĲĺıĖèϙæôĲôƱťϙϼôϟČϟϠϙīĺîČĖĲČϠϙıôÍīŜϠϙŘôťÍĖīϠϙĺŘϙťĺŪŘĖŜıϙċÍèĖīĖťĖôŜϽ o Increase regional recognition of Renton as a destination o Expand tourism opportunities through new visitor activities Working with Hoteliers: Local hotels may help track visitor data for your event or project. Contact them early if you plan to request support, as priority will be given to projects that track overnight stays. Deadline All applications must be submitted ĺĲīĖĲôϙæƅϙ͓ϡ͒͏ϙŕϟıϟϙϼÍèĖƱèϙĖıôϽϙĺĲϙ>ŘĖîÍƅϠϙièťĺæôŘϙ 24Ϡϙ͑͏͔͑. Late or incomplete applications will not be accepted. Questions? Contact: Jessie XĺťÍŘŜħĖϠϙ(èĺĲĺıĖèϙ"ôŽôīĺŕıôĲťϙaÍĲÍČôŘ 425-430-7271 | jkotarski@rentonwa.gov Selection Process x All eligible applications will be reviewed by the [ĺîČĖĲČϙÍƄϙîŽĖŜĺŘƅϙĺııĖťťôôϙ ϼ[Ͻ. x Recommendations will be presented to the City Council ċĺŘϙƱĲÍīϙÍŕŕŘĺŽÍīϟ x ťÍƯϙſĖīīϙſĺŘħϙſĖťēϙŜôīôèťôîϙÍŕŕīĖèÍĲťŜϙťĺϙƱĲÍīĖƏôϙċŪĲîĖĲČϙÍČŘôôıôĲťŜϙÍĲîϙŜèĺŕôŜϙ of work. Please note: All contracts are reimbursement-based. No costs incurred before contract execution and City Council approval will be reimbursed. All applicants must provide the following: x Proof of liability insurance including $1,000,000/occurrence and $2,000,000/general aggregate. The City reserves the right to waive this insurance requirement under certain circumstances. o Insurance must be in the name of the entity or organization with which the City enters into agreement. o IĲŜŪŘÍĲèôϙèôŘťĖƱèÍťôϙıŪŜťϙĲÍıôϙťēôϙĖťƅϙĺċϙôĲťĺĲϙÍŜϙÍĲϙÍîîĖťĖĺĲÍīīƅϙ insured. o Insurance must be in place through the entirety of the project. o More detail is available at the City’s website here. x Active non-expired City of Renton Business License o Information regarding acquiring a city business license can be found at rentonwa.gov/business. o Email: licensing@rentonwa.gov or by phone (425) 430-6851 x ťÍťôϙĺŘϙċôîôŘÍīϙîĺèŪıôĲťÍťĖĺĲϙĺċϙĲĺĲŕŘĺƱťϙŜťÍťŪŜϙϼôϟČϟϠϙIϙ"ôťôŘıĖĲÍťĖĺĲϙ[ôťťôŘϽ ĺıŕôťĖťĖŽôϙŘĖťôŘĖÍ Applications will be scored out of 100 points, based on the following: Criteria Points Project Impact 25 Funding recommendations may include full, partial, or no funding, based on project merit. Additional Funding Considerations (ŽôĲťϙ[ĺèÍťĖĺĲϡ x Within Renton city limits: Up to 25% of project budget, capped at $10,000 x Renton ZIP code (outside city limits): Up to 15% of project budget, capped at $7,000 x Nearby Renton: Up to 10% of project budget, capped at $5,000 iŽôŘĲĖČēťϙ[ĺîČĖĲČϙbĖČēťŜϡ x 1–20 nights: Up to 20% of project budget (max $5,000) x 21–40 nights: Up to 35% of project budget (max $12,000) x 41–75 nights: Up to 50% of project budget (max $30,000) x Over 75 nights: Up to 75% of project budget (max $75,000) We invite bold, collaborative proposals that highlight the best of Renton and ensure our community is ready to shine in 2026. Let’s make this Summer of Soccer a catalyst for long- term tourism growth. Criteria Points Clarity of Proposal 15 Cost-(ƯôèťĖŽôĲôŜŜ 15 Match Contribution (25% minimum) 10 Marketing & Recognition of City 10 Innovation 10 Collaboration 5 iƯ-Season Tourism (Sep–June) 5 Overnight Visitor Impact 5 PAGE 10 OF 14 EXHIBIT 2: LODGING TAX/TOURISM PROMOTION GRANT PROGRAM BENEFICIARY’S APPLICATION 2026 Lodging Tax Grant Application The City of Renton is now accepting applications for the 2026 Lodging Tax Grant Program. This funding supports projects and events that promote tourism and overnight stays in Renton. Deadline To Apply: All applications must be submitted online by 4:30 p.m. on Friday, October 24, 2025. Note: Paper applications will no longer be accepted. Before you begin: Please review the 2026 Lodging Tax Guidelines available at rentonwa.go/LTAC to ensure your project aligns with funding criteria.b E-mail * Diane@GoRenton.com Phone Number * 425-226-4560 Format: XXX-XXX-XXXX Project or Event Title * BFFs & Bubblys Contact Person and Title * Diane Dobson Name of Organization * Greater Renton Chamber of Commerce Organization Address * Street Address 625 S 4th Street Address Line 2 City Renton State/Province/Region WA Postal/Zip Code 98057 Type of Organization * Non-Profit Has you organization previously received a Lodging Tax Grant from the City of Renton?* Yes No What type of category your project falls under per RCW 67.28.1816?* Special event or festival Funding Amount requested * $50,000.00 Project Summary Project scope of work (What is your project’s goal, how will it beneﬁt the community, and why should the Lodging Tax Advisors recommend it?) Project Summary – BFFs & Bubbly 2026 GUARANTEED 110 ROOM BOOKING Project Scope of Work: BFFs & Bubbly 2026 is a two-night, Galentine’s-themed hospitality andtourism event hosted at the Hampton Inn & Suites Renton/Seattle. Theweekend transforms the hotel into a multi-ﬂoor experience featuring localsmall businesses, wineries, wellness providers, and creative entrepreneurs whodeliver curated, interactive activations. The event celebrates connection,self-care, and the Paciﬁc Northwest’s vibrant local culture. Project Goal: To attract overnight visitors to Renton during the shoulder tourism season(January–February), generate measurable room nights, and increase economicactivity across the city’s restaurants, retail, and entertainment sectors. Community Beneﬁt: BFFs & Bubbly supports the City of Renton’s tourism and small businessgoals by: Partnering directly with local vendors, wineries, and makers to highlight Renton as a destination for experiential travel and boutique events. Engaging 40–50 small business “Experience Hosts” and 300+ attendees in a two-day activation that directly supports local hospitality, retail, and dining partners. Reinforcing Renton’s brand as a welcoming, inclusive, and creative community—particularly among women, groups of friends, and weekend travelers from across the region. Why LTAC Should Recommend Funding: This project drives new overnight stays, showcases local hospitalityassets, and generates measurable visitor spending during atraditionally slow tourism period. It directly aligns with LTAC’s mission toexpand Renton’s tourism footprint while supporting small business participationand community pride. List the start date of your project * 1/30/2026 List the end date of your project * 2/1/2026 What's your plan to encourage more overnight stays in Renton hotels to replenish the hotel/motel lodging tax fund? How specifically will you measure if people travel more than 50 miles or stay overnight?* Plan to Encourage Overnight Stays & Measurement Strategy Encouraging Overnight Stays: BFFs & Bubbly 2026 is intentionally designed as a multi-night tourism experience that drives overnight visitation and local spending during Renton’s slower winter season. Guests are invited to turn their Galentine’s celebration into a two-night getaway through: • Bundled hotel packages at the Hampton Inn & Suites Renton/Seattle, which serves as both event venue and lodging partner. With 110 rooms booked and many shared by 2–4 guests, the event will comfortably generate 200–375 overnight guests throughout the weekend. • VIP Weekend Upgrades that encourage early Friday check-in and Sunday late check-out, creating a true “grown-up slumber party” experience. • Collaborations with Southport and neighboring businesses—including spas, wellness studios, artists, and creatives—to host daytime activations and workshops, giving visitors additional reasons to explore Renton before and after the main event. • Partnership with local restaurants and nightlife venues through the Friday night City Shuttle Crawl, promoting broader community engagement and visitor spending across Renton’s districts. • Targeted marketing to women’s travel groups, social circles, and regional visitors across the Puget Sound, highlighting Renton as an inclusive, creative, and convenient weekend destination. How We Will Measure Overnight & Out-of-Area Attendance: To accurately measure the event’s tourism impact, we will collect and verify data from multiple sources: 1. Hotel Booking Data – Rooming reports from Hampton Inn & Suites will document occupancy and group bookings directly tied to the event. 2. Registration Zip Codes – Ticket and registration forms will gather guest zip codes to identify attendees traveling 50+ miles to Renton. 3. Post-Event Surveys – Guests will complete short surveys (incentivized via giveaways) detailing their lodging choice, travel distance, and spending activity in Renton. 4. Partner Feedback – Local restaurants, artists, and wellness providers will report increases in customer visits and sales during the event weekend. 5. Digital Analytics – Website and social engagement metrics will track regional and out-of-area reach. Outcome: BFFs & Bubbly 2026 is projected to generate 300+ overnight stays, attract visitors from across the Puget Sound region and beyond, and create hundreds of local spending touchpoints across hospitality, wellness, dining, and retail. The event directly contributes to replenishing the Hotel/Motel Lodging Tax Fund by ﬁlling Renton hotel rooms, increasing visitor spending, and establishing a repeatable tourism draw during an otherwise low-travel season. Which Renton Hotels will you be working with?* The Hampton Inn What is your predicted overall attendance?* 500 Of your total attendance, how many do you predict will travel over 50 miles?* 150 Of your overall attendance, how many do you predict will be from out of state or out of country?* 25 Of your overall attendance, how many will NOT pay for overnight lodging?* 125 Budget (upload your project budget including how lodging tax funds will be used)* Budget 2026 BFF and Bubbly.pdf 25KB Application Certiﬁcation: I understand the City of Renton and Washington state limitations placed on use of Lodging Tax funds and certify that the requested funds will be used only for the purposes described in this application or as approved by the City Council. I understand use of funds is subject to audit by the State of Washington. I have read and understand the criteria by which our application will be evaluated and understand that if our application is selected for funding, we will be required to enter into a binding agreement with the City to ensure completion of the project. Budget Summary This is a guaranteed 110 room, 2 night booking the last weekend in January for a 2nd annual event that was fully self-supported in year one without any addiƟonal funding. The LTAC funds requested for 2026 will support markeƟng, branding, and small business parƟcipaƟon, ensuring Renton’s entrepreneurs and creaƟves can remain visible and acƟve in a key tourism event while offering complimentary guest experiences. The remaining budget is supported by matching and in-kind contribuƟons from the Renton Chamber of Commerce, Hampton Inn & Suites Renton/SeaƩle, Urban Market Pop-Up, Sweet & PeƟte Party Design, She Plays With Fire, Strike A Pose Picture Booth, Cupoverﬂow Massage, and other regional sponsors. This collaboraƟve approach maximizes the return on LTAC investment by driving measurable overnight stays, tourism spending, and community engagement during Renton’s slower winter season. Project Budget – BFFs & Bubbly 2026 Guaranteed 110 Room Booking Category DescripƟon / Purpose Projected Cost LTAC Funding Request MarkeƟng, Branding & Tourism PromoƟon Regional markeƟng, tourism branding, photography, videography, social media, and PR outreach to aƩract overnight guests and regional visitors. $25,000 $15,000 Transporta Ɵon Weekend TransportaƟon for aƩendees to visit mulƟple venues throughout Renton for experiences, spa visits, dinner out, nightlife and shopping $10,000 $5,000 Small Business & Experience Host Support Direct ﬁnancial and in-kind support for 40–50 small businesses, wineries, wellness providers, and arƟsts to offer complimentary tasƟngs, mini- services, and experiences. $11,500 $5,000 Event ProducƟon, Décor & Wayﬁnding Floor décor, signage, installaƟons, and photo- worthy acƟvaƟons to create a cohesive, branded guest experience across four hotel ﬂoors and lobby. DJ, Musicians and other entertainment related guests $20,000 $10,000 Hotel Hotel Bookings (110 rooms, 2 nights each) $34,000 $ -0- VIP Guest & Overnight Experience Hospitality acƟvaƟons, coffee bar, breakfast ameniƟes, and welcome experiences to extend stays and highlight local hospitality. $15,000 $10, 000 Event Staffing & CoordinaƟon Event management, Chamber coordinaƟon, volunteer programming, and hospitality support. $15,000 $5,000 Tourism Data & ReporƟng Guest surveys, hotel reporƟng, tourism analyƟcs, and post-event summary for LTAC evaluaƟon. $500 $-0- TOTAL PROJECT BUDGET $131,000 LTAC REQUEST: $50,000 MATCHING PAGE 11 OF 14 EXHIBIT 3: LODGING TAX/TOURISM PROMOTION GRANT PROGRAM LTAC RECOMMENDATIONS PAGE 12 OF 14 EXHIBIT 4: LODGING TAX/TOURISM PROMOTION GRANT PROGRAM CALL FOR APPLICATIONS 12/15/25, 3:04 PM 2026 Lodging Tax Advisory Committee (LTAC) funding | Word on the Street | Your Voice Renton https://yourvoice.rentonwa.gov/word-on-the-street/news_feed/2026-ltac-funding 4/6     12/15/25, 3:04 PM 2026 Lodging Tax Advisory Committee (LTAC) funding | Word on the Street | Your Voice Renton https://yourvoice.rentonwa.gov/word-on-the-street/news_feed/2026-ltac-funding 5/6 PAGE 13 OF 14 EXHIBIT 5: LODGING TAX/TOURISM PROMOTION GRANT PROGRAM REIMBURSEMENT REQUEST FORM 2 ͷ Ȁ ǣ ǣ ǣ CHECKLIST FOR REIMBURSEMENT Evaluation Report ȋȌ Ȁ ȀȀ Ȁ ͻ Date Invoice # Description Advertising Promotional Event Misc. Total ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ ̈́̈́̈́̈́̈́ As grantee, I certify to the best of knowledge and belief the billed costs of disbursements are in accordance with the terms of the project and that the reimbursement represents the Hotel/Motel Tax specifications under Senate House Bill 5647 and which have not previously been requested. FOR CITY USE ONLY Ǥ Ǥ ǦͻǤ ͳͻǡʹͲʹ͸Ǥ PAGE 14 OF 14 EXHIBIT 6: LODGING TAX/TOURISM PROMOTION GRANT PROGRAM FINAL REPORT FORM Ȁ Ȁ ǣ ǣ ǣ ǣ ǣ ǣǣ Total Activity Cost$ 7RWDODPRXQWRI5HQWRQORGJLQJWD[IXQGVUHTXHVWHG 7RWDODPRXQWRI5HQWRQORGJLQJWD[IXQGVDSSURYHG DEFINITION OF METHODOLOGY FOR QUESTIONS BELOW: This methodology is defined by the Joint Legislative Audit and Review Committee and is used for reporting to the Legislature about the use of lodging tax for each jurisdiction. x Direct Count:Actual count of visitors using methods such as paid admissions or registrations, clicker counts at entry points, vehicle counts or number of chairs filled. A direct count may also include information collected directly from businesses, such as hotels, restaurants or tour guides likely to be affected by an event. x Indirect Count:Estimate based on information related to the number of visitors such as raffle tickets sold, redeemed discount certificates, brochures handed out, police requirements for crowd control or visual estimates. x Representative Survey: Information collected directly from individual visitors / participants. A representative survey is a highly structured data collection tool, based on a defined random sample of participants, and the results can be reliably projected to the entire population attending an event and includes margin of error and confidence level. x Informal Survey: Information collected directly from individual visitors or participants in a non-random manner that is not representative of all visitors or participants. Informal survey results cannot be projected to the entire visitor population and provide a limited indicator of attendance because not all participants had an equal chance of being included in the survey. x Structured Estimate: Estimate produced by computing known information related to the event or location. For example, one jurisdiction estimated attendance by dividing the square footage of the event area by the international building code allowance for persons (3 sq. ft.). x Other:(please describe) ͸ Ȁ OVERALL ATTENDANCE Enter the total number of people predicted to attend this activity/event (this number would have been submitted on your application for funds); the actual number of people who attended this activity/event; and the method used to determine attendance. PREDICTED:# ACTUAL (ESTIMATED):# METHODOLOGY (definitions provided above): EXPLAIN TRACKING METHOD: 50+ MILES ATTENDANCE Enter the total number of people who travelled greater than 50 miles predicted to attend this activity/event (this number would have been submitted on your application for funds); the actual number of people who travelled more than 50 miles to attend this activity/event; and the method used to determine attendance. PREDICTED:# ACTUAL (ESTIMATED):# METHODOLOGY (definitions provided above): EXPLAIN TRACKING METHOD: OUT OF STATE / COUNTRY ATTENDANCE Enter the total number of people from outside the state and country predicted to attend this activity/event (this number would have been submitted on your application for funds); the actual number of people from outside the state and country who attended this activity/event; and the method used to determine attendance. PREDICTED:# ACTUAL (ESTIMATED):# METHODOLOGY (definitions provided above): EXPLAIN TRACKING METHOD: PAID FOR OVERNIGHT LODGING ATTENDANCE Enter the total number of people predicted to pay for overnight lodging in Renton to attend this activity/event (this number would have been submitted on your application for funds); the actual number of people who paid for overnight lodging and attended this activity/event; and the method used to determine attendance. PREDICTED:# ACTUAL (ESTIMATED):# METHODOLOGY (definitions provided above): EXPLAIN TRACKING METHOD: DID NOT PAY FOR OVERNIGHT LODGING ATTENDANCE Enter the total number of people predicted to attend this activity/event without paying for overnight lodging in Renton (this number would have been submitted on your application for funds); the actual number of people who attended this activity/event without paying for overnight lodging; and the method used to determine attendance. PREDICTED:# ACTUAL (ESTIMATED):# METHODOLOGY (definitions provided above): EXPLAIN TRACKING METHOD: PAID LODGING NIGHTS Enter total predicted lodging nights in Renton (this number would have been submitted on your application for funds); and actual number of paid lodging nights-(One lodging night = one or more persons occupying one room for one night); and the method used to determine attendance. PREDICTED:# ACTUAL (ESTIMATED):# METHODOLOGY (definitions provided above): EXPLAIN TRACKING METHOD: Please describe any other information that demonstrates the impact of increased tourism attributable to the special event, festival, or tourism-related facility. RENTON SPECIFIC QUESTIONS: Did you experience a higher number of tourists this year? If not, what do you think was a contributing factor? Did you complete all of the items on your Scope of Work consistent with your application submitted to the Renton Lodging Tax Advisory Committee? If not, which items do you still need to complete? Do you plan on completing those items with your own resources? If so, when? Do you plan to do anything differently next year to expand your event, increase tourism to Renton, or increase visitors to your facility?