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Home My WebLink AboutContract 'ZDEd&KZ/'^KK^Z<dϭϭϲd,s^^/DEd KEdZK> d,/^'ZDEd͕ĚĂƚĞĚĨŽƌƌĞĨĞƌĞŶĐĞƉƵƌƉŽƐĞƐŽŶůǇĂƐ:ĂŶƵĂƌǇϭ͕ϮϬϮϲ͕ŝƐďǇĂŶĚďĞƚǁĞĞŶƚŚĞ ŝƚǇ ŽĨ ZĞŶƚŽŶ ;ƚŚĞ ͞ŝƚǇ͟Ϳ͕ Ă tĂƐŚŝŶŐƚŽŶ ŵƵŶŝĐŝƉĂů ĐŽƌƉŽƌĂƚŝŽŶ͕ ĂŶĚ dĞƚƌĂ dĞĐŚ͕ /ŶĐ͘ ;͞ŽŶƐƵůƚĂŶƚ͟Ϳ͕ĂtĂƐŚŝŶŐƚŽŶĐŽƌƉŽƌĂƚŝŽŶ͘dŚĞŝƚǇĂŶĚƚŚĞŽŶƐƵůƚĂŶƚĂƌĞƌĞĨĞƌƌĞĚƚŽĐŽůůĞĐƚŝǀĞůǇ ŝŶƚŚŝƐŐƌĞĞŵĞŶƚĂƐƚŚĞ͞WĂƌƚŝĞƐ͘͟KŶĐĞĨƵůůǇĞǆĞĐƵƚĞĚďǇƚŚĞWĂƌƚŝĞƐ͕ƚŚŝƐŐƌĞĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞ ĂƐŽĨƚŚĞůĂƐƚĚĂƚĞƐŝŐŶĞĚďǇďŽƚŚƉĂƌƚŝĞƐ͘ ϭ͘ ^ĐŽƉĞ ŽĨ tŽƌŬ͗ ŽŶƐƵůƚĂŶƚ ĂŐƌĞĞƐ ƚŽ ƉƌŽǀŝĚĞ ĞŶŐŝŶĞĞƌŝŶŐ ƐĞƌǀŝĐĞƐ ĂƐƐŽĐŝĂƚĞĚǁŝƚŚ ƌĞĚƵĐŝŶŐƐĞĚŝŵĞŶƚĚŝƐĐŚĂƌŐĞƚŽŝŐ^ŽŽƐƌĞĞŬĨƌŽŵϭϭϲƚŚǀĞ^ƚŽ^WĞƚƌŽǀŝƚƐŬǇZŽĂĚ͕ ĂƐƐƉĞĐŝĨŝĞĚŝŶǆŚŝďŝƚ͕ǁŚŝĐŚŝƐĂƚƚĂĐŚĞĚĂŶĚŝŶĐŽƌƉŽƌĂƚĞĚŚĞƌĞŝŶĂŶĚŵĂǇŚĞƌĞŝŶĂĨƚĞƌ ďĞƌĞĨĞƌƌĞĚƚŽĂƐƚŚĞ͞tŽƌŬ͘͟ Ϯ͘ ŚĂŶŐĞƐŝŶ^ĐŽƉĞŽĨtŽƌŬ͗dŚĞŝƚǇ͕ǁŝƚŚŽƵƚŝŶǀĂůŝĚĂƚŝŶŐƚŚŝƐŐƌĞĞŵĞŶƚ͕ŵĂǇŽƌĚĞƌ ĐŚĂŶŐĞƐƚŽƚŚĞtŽƌŬĐŽŶƐŝƐƚŝŶŐŽĨĂĚĚŝƚŝŽŶƐ͕ĚĞůĞƚŝŽŶƐŽƌŵŽĚŝĨŝĐĂƚŝŽŶƐ͘ŶǇƐƵĐŚĐŚĂŶŐĞƐ ƚŽƚŚĞ tŽƌŬƐŚĂůůďĞŽƌĚĞƌĞĚďǇƚŚĞŝƚǇŝŶǁƌŝƚŝŶŐĂŶĚƚŚĞŽŵƉĞŶƐĂƚŝŽŶƐŚĂůůďĞ ĞƋƵŝƚĂďůǇĂĚũƵƐƚĞĚĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞƌĂƚĞƐƐĞƚĨŽƌƚŚŝŶǆŚŝďŝƚƐĂŶĚŽƌĂƐŽƚŚĞƌǁŝƐĞ ŵƵƚƵĂůůǇĂŐƌĞĞĚďǇƚŚĞWĂƌƚŝĞƐ͘ ϯ͘ dŝŵĞ ŽĨ WĞƌĨŽƌŵĂŶĐĞ͗ ŽŶƐƵůƚĂŶƚ ƐŚĂůů ĐŽŵŵĞŶĐĞ ƉĞƌĨŽƌŵĂŶĐĞ ŽĨ ƚŚĞ ŐƌĞĞŵĞŶƚ ƉƵƌƐƵĂŶƚƚŽƚŚĞƐĐŚĞĚƵůĞ;ƐͿƐĞƚĨŽƌƚŚŝŶǆŚŝďŝƚ͘ůůtŽƌŬƐŚĂůůďĞƉĞƌĨŽƌŵĞĚďǇŶŽůĂƚĞƌ ƚŚĂŶDĂƌĐŚϯϭ͕ϮϬϮϳ͘ ϰ͘ ŽŵƉĞŶƐĂƚŝŽŶ͗ ͘ ŵŽƵŶƚ͘ dŽƚĂů ĐŽŵƉĞŶƐĂƚŝŽŶ ƚŽ ŽŶƐƵůƚĂŶƚ ĨŽƌ tŽƌŬ ƉƌŽǀŝĚĞĚ ƉƵƌƐƵĂŶƚ ƚŽ ƚŚŝƐ ŐƌĞĞŵĞŶƚƐŚĂůůŶŽƚĞǆĐĞĞĚΨϮϵϴ͕ϲϳϭ͕ƉůƵƐĂŶǇĂƉƉůŝĐĂďůĞƐƚĂƚĞĂŶĚůŽĐĂůƐĂůĞƐƚĂǆĞƐ͘ ŽŵƉĞŶƐĂƚŝŽŶƐŚĂůůďĞƉĂŝĚďĂƐĞĚƵƉŽŶtŽƌŬĂĐƚƵĂůůǇƉĞƌĨŽƌŵĞĚĂĐĐŽƌĚŝŶŐƚŽƚŚĞ ƌĂƚĞ;ƐͿŽƌĂŵŽƵŶƚƐƐƉĞĐŝĨŝĞĚŝŶǆŚŝďŝƚƐĂŶĚ͘dŚĞŽŶƐƵůƚĂŶƚĂŐƌĞĞƐƚŚĂƚĂŶǇŚŽƵƌůǇ ŽƌĨůĂƚƌĂƚĞĐŚĂƌŐĞĚďǇŝƚĨŽƌŝƚƐtŽƌŬƐŚĂůůƌĞŵĂŝŶůŽĐŬĞĚĂƚƚŚĞŶĞŐŽƚŝĂƚĞĚƌĂƚĞ;ƐͿ ƵŶůĞƐƐŽƚŚĞƌǁŝƐĞĂŐƌĞĞĚƚŽŝŶǁƌŝƚŝŶŐŽƌƉƌŽǀŝĚĞĚŝŶǆŚŝďŝƚƐĂŶĚ͘ǆĐĞƉƚĂƐ ƐƉĞĐŝĨŝĐĂůůǇƉƌŽǀŝĚĞĚŚĞƌĞŝŶ͕ƚŚĞŽŶƐƵůƚĂŶƚƐŚĂůůďĞƐŽůĞůǇƌĞƐƉŽŶƐŝďůĞĨŽƌƉĂǇŵĞŶƚŽĨ ĂŶǇƚĂǆĞƐŝŵƉŽƐĞĚĂƐĂƌĞƐƵůƚŽĨƚŚĞƉĞƌĨŽƌŵĂŶĐĞĂŶĚƉĂǇŵĞŶƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ͘ DĞƚŚŽĚŽĨWĂǇŵĞŶƚ͘KŶĂŵŽŶƚŚůǇŽƌŶŽůĞƐƐƚŚĂŶƋƵĂƌƚĞƌůǇďĂƐŝƐĚƵƌŝŶŐĂŶǇƋƵĂƌƚĞƌ ŝŶǁŚŝĐŚtŽƌŬŝƐƉĞƌĨŽƌŵĞĚ͕ƚŚĞŽŶƐƵůƚĂŶƚƐŚĂůůƐƵďŵŝƚĂǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞŝŶĂĨŽƌŵ ƐƉĞĐŝĨŝĞĚďǇƚŚĞŝƚǇ͕ŝŶĐůƵĚŝŶŐĂĚĞƐĐƌŝƉƚŝŽŶŽĨǁŚĂƚtŽƌŬŚĂƐďĞĞŶƉĞƌĨŽƌŵĞĚ͕ƚŚĞ CAG-26-066 W'ϮK&ϭϬ ŶĂŵĞŽĨƚŚĞƉĞƌƐŽŶŶĞůƉĞƌĨŽƌŵŝŶŐƐƵĐŚtŽƌŬ͕ĂŶĚĂŶǇŚŽƵƌůǇůĂďŽƌĐŚĂƌŐĞƌĂƚĞĨŽƌ ƐƵĐŚƉĞƌƐŽŶŶĞů͘dŚĞŽŶƐƵůƚĂŶƚƐŚĂůůĂůƐŽƐƵďŵŝƚĂĨŝŶĂůďŝůůƵƉŽŶĐŽŵƉůĞƚŝŽŶŽĨĂůů tŽƌŬ͘WĂǇŵĞŶƚƐŚĂůůďĞŵĂĚĞďǇƚŚĞŝƚǇĨŽƌtŽƌŬƉĞƌĨŽƌŵĞĚǁŝƚŚŝŶƚŚŝƌƚǇ;ϯϬͿ ĐĂůĞŶĚĂƌĚĂǇƐĂĨƚĞƌƌĞĐĞŝƉƚĂŶĚĂƉƉƌŽǀĂůďǇƚŚĞĂƉƉƌŽƉƌŝĂƚĞŝƚǇƌĞƉƌĞƐĞŶƚĂƚŝǀĞŽĨƚŚĞ ǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞ͘/ĨƚŚĞŽŶƐƵůƚĂŶƚ͛ƐƉĞƌĨŽƌŵĂŶĐĞĚŽĞƐŶŽƚŵĞĞƚƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͕ƚŚĞŽŶƐƵůƚĂŶƚǁŝůůĐŽƌƌĞĐƚŽƌŵŽĚŝĨǇŝƚƐƉĞƌĨŽƌŵĂŶĐĞƚŽĐŽŵƉůǇ ǁŝƚŚƚŚĞŐƌĞĞŵĞŶƚ͘dŚĞŝƚǇŵĂǇǁŝƚŚŚŽůĚƉĂǇŵĞŶƚĨŽƌǁŽƌŬƚŚĂƚĚŽĞƐŶŽƚŵĞĞƚƚŚĞ ƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ͘ ĨĨĞĐƚŽĨWĂǇŵĞŶƚ͘WĂǇŵĞŶƚĨŽƌĂŶǇƉĂƌƚŽĨƚŚĞtŽƌŬƐŚĂůůŶŽƚĐŽŶƐƚŝƚƵƚĞĂǁĂŝǀĞƌďǇ ƚŚĞ ŝƚǇ ŽĨ ĂŶǇ ƌĞŵĞĚŝĞƐ ŝƚ ŵĂǇ ŚĂǀĞ ĂŐĂŝŶƐƚ ƚŚĞ ŽŶƐƵůƚĂŶƚ ĨŽƌ ĨĂŝůƵƌĞ ŽĨ ƚŚĞ ŽŶƐƵůƚĂŶƚ ƚŽ ƉĞƌĨŽƌŵ ƚŚĞ tŽƌŬ Žƌ ĨŽƌ ĂŶǇ ďƌĞĂĐŚ ŽĨ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ďǇ ƚŚĞ ŽŶƐƵůƚĂŶƚ͘ ͘ EŽŶͲƉƉƌŽƉƌŝĂƚŝŽŶŽĨ&ƵŶĚƐ͘/ĨƐƵĨĨŝĐŝĞŶƚĨƵŶĚƐĂƌĞŶŽƚĂƉƉƌŽƉƌŝĂƚĞĚŽƌĂůůŽĐĂƚĞĚĨŽƌ ƉĂǇŵĞŶƚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚĨŽƌĂŶǇĨƵƚƵƌĞĨŝƐĐĂůƉĞƌŝŽĚ͕ƚŚĞŝƚǇƐŚĂůůŶŽƚďĞ ŽďůŝŐĂƚĞĚƚŽŵĂŬĞƉĂǇŵĞŶƚƐĨŽƌtŽƌŬŽƌĂŵŽƵŶƚƐŝŶĐƵƌƌĞĚĂĨƚĞƌƚŚĞĞŶĚŽĨƚŚĞ ĐƵƌƌĞŶƚĨŝƐĐĂůƉĞƌŝŽĚ͕ĂŶĚƚŚŝƐŐƌĞĞŵĞŶƚǁŝůůƚĞƌŵŝŶĂƚĞƵƉŽŶƚŚĞĐŽŵƉůĞƚŝŽŶŽĨĂůů ƌĞŵĂŝŶŝŶŐtŽƌŬĨŽƌǁŚŝĐŚĨƵŶĚƐĂƌĞĂůůŽĐĂƚĞĚ͘EŽƉĞŶĂůƚǇŽƌĞǆƉĞŶƐĞƐŚĂůůĂĐĐƌƵĞƚŽ ƚŚĞŝƚǇŝŶƚŚĞĞǀĞŶƚƚŚŝƐƉƌŽǀŝƐŝŽŶĂƉƉůŝĞƐ͘ ϱ͘ dĞƌŵŝŶĂƚŝŽŶ͗ ͘ dŚĞŝƚǇƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽƚĞƌŵŝŶĂƚĞƚŚŝƐŐƌĞĞŵĞŶƚĂƚĂŶǇƚŝŵĞ͕ǁŝƚŚŽƌǁŝƚŚŽƵƚ ĐĂƵƐĞďǇŐŝǀŝŶŐƚĞŶ;ϭϬͿĐĂůĞŶĚĂƌĚĂǇƐ͛ŶŽƚŝĐĞƚŽƚŚĞŽŶƐƵůƚĂŶƚŝŶǁƌŝƚŝŶŐ͘/ŶƚŚĞĞǀĞŶƚ ŽĨƐƵĐŚƚĞƌŵŝŶĂƚŝŽŶŽƌƐƵƐƉĞŶƐŝŽŶ͕ĂůůĨŝŶŝƐŚĞĚŽƌƵŶĨŝŶŝƐŚĞĚĚŽĐƵŵĞŶƚƐ͕ĚĂƚĂ͕ƐƚƵĚŝĞƐ͕ ǁŽƌŬƐŚĞĞƚƐ͕ ŵŽĚĞůƐ ĂŶĚ ƌĞƉŽƌƚƐ͕ Žƌ ŽƚŚĞƌ ŵĂƚĞƌŝĂů ƉƌĞƉĂƌĞĚ ďǇ ƚŚĞ ŽŶƐƵůƚĂŶƚ ƉƵƌƐƵĂŶƚƚŽƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůďĞƐƵďŵŝƚƚĞĚƚŽƚŚĞŝƚǇ͕ŝĨĂŶǇĂƌĞƌĞƋƵŝƌĞĚĂƐƉĂƌƚ ŽĨƚŚĞtŽƌŬ͘ ͘ /ŶƚŚĞĞǀĞŶƚƚŚŝƐŐƌĞĞŵĞŶƚŝƐƚĞƌŵŝŶĂƚĞĚďǇƚŚĞŝƚǇ͕ƚŚĞŽŶƐƵůƚĂŶƚƐŚĂůůďĞĞŶƚŝƚůĞĚ ƚŽƉĂǇŵĞŶƚĨŽƌĂůůŚŽƵƌƐǁŽƌŬĞĚƚŽƚŚĞĞĨĨĞĐƚŝǀĞĚĂƚĞŽĨƚĞƌŵŝŶĂƚŝŽŶ͕ůĞƐƐĂůůƉĂǇŵĞŶƚƐ ƉƌĞǀŝŽƵƐůǇŵĂĚĞ͘/ĨƚŚĞŐƌĞĞŵĞŶƚŝƐƚĞƌŵŝŶĂƚĞĚďǇƚŚĞŝƚǇĂĨƚĞƌƉĂƌƚŝĂůƉĞƌĨŽƌŵĂŶĐĞ ŽĨtŽƌŬĨŽƌǁŚŝĐŚƚŚĞĂŐƌĞĞĚĐŽŵƉĞŶƐĂƚŝŽŶŝƐĂĨŝǆĞĚĨĞĞ͕ƚŚĞŝƚǇƐŚĂůůƉĂǇƚŚĞ ŽŶƐƵůƚĂŶƚĂŶĞƋƵŝƚĂďůĞƐŚĂƌĞŽĨƚŚĞĨŝǆĞĚĨĞĞ͘dŚŝƐƉƌŽǀŝƐŝŽŶƐŚĂůůŶŽƚƉƌĞǀĞŶƚƚŚĞ ŝƚǇĨƌŽŵƐĞĞŬŝŶŐĂŶǇůĞŐĂůƌĞŵĞĚŝĞƐŝƚŵĂǇŚĂǀĞĨŽƌƚŚĞǀŝŽůĂƚŝŽŶŽƌŶŽŶƉĞƌĨŽƌŵĂŶĐĞ 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ĞǆƉĞŶĚŝƚƵƌĞƐĂŶĚĐŚĂƌŐĞƐĂŶĚͬŽƌƚŽĐŽŵƉůǇǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞWƵďůŝĐZĞĐŽƌĚƐĐƚ ;ŚĂƉƚĞƌ ϰϮ͘ϱϲ ZtͿ͘ dŚĞ ƉƌŽǀŝƐŝŽŶƐ ŽĨ ƚŚŝƐ ƐĞĐƚŝŽŶ ƐŚĂůů ƐƵƌǀŝǀĞ ƚŚĞ ĞǆƉŝƌĂƚŝŽŶ Žƌ ƚĞƌŵŝŶĂƚŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ϴ͘ WƵďůŝĐZĞĐŽƌĚƐŽŵƉůŝĂŶĐĞ͗dŽƚŚĞĨƵůůĞǆƚĞŶƚƚŚĞŝƚǇĚĞƚĞƌŵŝŶĞƐŶĞĐĞƐƐĂƌǇƚŽĐŽŵƉůǇ ǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞWƵďůŝĐZĞĐŽƌĚƐĐƚ͕ŽŶƐƵůƚĂŶƚƐŚĂůůŵĂŬĞĂĚƵĞĚŝůŝŐĞŶƚƐĞĂƌĐŚ ŽĨ Ăůů ƌĞĐŽƌĚƐ ŝŶ ŝƚƐƉŽƐƐĞƐƐŝŽŶ Žƌ ĐŽŶƚƌŽů ƌĞůĂƚŝŶŐƚŽ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ĂŶĚ ƚŚĞ tŽƌŬ͕ ŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͕ĞͲŵĂŝů͕ĐŽƌƌĞƐƉŽŶĚĞŶĐĞ͕ŶŽƚĞƐ͕ƐĂǀĞĚƚĞůĞƉŚŽŶĞŵĞƐƐĂŐĞƐ͕ ƌĞĐŽƌĚŝŶŐƐ͕ƉŚŽƚŽƐ͕ŽƌĚƌĂǁŝŶŐƐĂŶĚƉƌŽǀŝĚĞƚŚĞŵƚŽƚŚĞŝƚǇĨŽƌƉƌŽĚƵĐƚŝŽŶ͘/ŶƚŚĞĞǀĞŶƚ ŽŶƐƵůƚĂŶƚ ďĞůŝĞǀĞƐ ƐĂŝĚ ƌĞĐŽƌĚƐ ŶĞĞĚ ƚŽ ďĞ ƉƌŽƚĞĐƚĞĚ ĨƌŽŵ ĚŝƐĐůŽƐƵƌĞ͕ ŝƚ ŵĂǇ͕ Ăƚ ŽŶƐƵůƚĂŶƚ͛ƐŽǁŶĞǆƉĞŶƐĞ͕ƐĞĞŬũƵĚŝĐŝĂůƉƌŽƚĞĐƚŝŽŶ͘ŽŶƐƵůƚĂŶƚƐŚĂůůŝŶĚĞŵŶŝĨǇ͕ĚĞĨĞŶĚ͕ ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŝƚǇĨŽƌĂůůĐŽƐƚƐ͕ŝŶĐůƵĚŝŶŐĂƚƚŽƌŶĞǇƐ͛ĨĞĞƐ͕ĂƚƚĞŶĚĂŶƚƚŽĂŶǇĐůĂŝŵ ŽƌůŝƚŝŐĂƚŝŽŶƌĞůĂƚĞĚƚŽĂWƵďůŝĐZĞĐŽƌĚƐĐƚƌĞƋƵĞƐƚĨŽƌǁŚŝĐŚŽŶƐƵůƚĂŶƚŚĂƐƌĞƐƉŽŶƐŝǀĞ ƌĞĐŽƌĚƐĂŶĚĨŽƌǁŚŝĐŚŽŶƐƵůƚĂŶƚŚĂƐǁŝƚŚŚĞůĚƌĞĐŽƌĚƐŽƌŝŶĨŽƌŵĂƚŝŽŶĐŽŶƚĂŝŶĞĚƚŚĞƌĞŝŶ͕ Žƌ ŶŽƚ ƉƌŽǀŝĚĞĚ ƚŚĞŵ ƚŽ ƚŚĞ ŝƚǇ ŝŶ Ă ƚŝŵĞůǇ ŵĂŶŶĞƌ͘ ŽŶƐƵůƚĂŶƚ ƐŚĂůů ƉƌŽĚƵĐĞ ĨŽƌ ĚŝƐƚƌŝďƵƚŝŽŶĂŶǇĂŶĚĂůůƌĞĐŽƌĚƐƌĞƐƉŽŶƐŝǀĞƚŽƚŚĞWƵďůŝĐZĞĐŽƌĚƐĐƚƌĞƋƵĞƐƚŝŶĂƚŝŵĞůǇ ŵĂŶŶĞƌ͕ƵŶůĞƐƐƚŚŽƐĞƌĞĐŽƌĚƐĂƌĞƉƌŽƚĞĐƚĞĚďǇĐŽƵƌƚŽƌĚĞƌ͘dŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚŝƐƐĞĐƚŝŽŶ ƐŚĂůůƐƵƌǀŝǀĞƚŚĞĞǆƉŝƌĂƚŝŽŶŽƌƚĞƌŵŝŶĂƚŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ϵ͘ /ŶĚĞƉĞŶĚĞŶƚŽŶƚƌĂĐƚŽƌZĞůĂƚŝŽŶƐŚŝƉ͗ W'ϰK&ϭϬ ͘ dŚĞŽŶƐƵůƚĂŶƚŝƐƌĞƚĂŝŶĞĚďǇƚŚĞŝƚǇŽŶůǇĨŽƌƚŚĞƉƵƌƉŽƐĞƐĂŶĚƚŽƚŚĞĞǆƚĞŶƚƐĞƚĨŽƌƚŚ ŝŶƚŚŝƐŐƌĞĞŵĞŶƚ͘dŚĞŶĂƚƵƌĞŽĨƚŚĞƌĞůĂƚŝŽŶƐŚŝƉďĞƚǁĞĞŶƚŚĞŽŶƐƵůƚĂŶƚĂŶĚƚŚĞŝƚǇ ĚƵƌŝŶŐ ƚŚĞ ƉĞƌŝŽĚ ŽĨ ƚŚĞ tŽƌŬ ƐŚĂůů ďĞ ƚŚĂƚ ŽĨ ĂŶ ŝŶĚĞƉĞŶĚĞŶƚ ĐŽŶƚƌĂĐƚŽƌ͕ ŶŽƚ ĞŵƉůŽǇĞĞ͘dŚĞŽŶƐƵůƚĂŶƚ͕ŶŽƚƚŚĞŝƚǇ͕ƐŚĂůůŚĂǀĞƚŚĞƉŽǁĞƌƚŽĐŽŶƚƌŽůĂŶĚĚŝƌĞĐƚƚŚĞ ĚĞƚĂŝůƐ͕ŵĂŶŶĞƌŽƌŵĞĂŶƐŽĨtŽƌŬ͘^ƉĞĐŝĨŝĐĂůůǇ͕ďƵƚŶŽƚďǇŵĞĂŶƐŽĨůŝŵŝƚĂƚŝŽŶ͕ƚŚĞ ŽŶƐƵůƚĂŶƚ ƐŚĂůů ŚĂǀĞ ŶŽ ŽďůŝŐĂƚŝŽŶ ƚŽ ǁŽƌŬ ĂŶǇ ƉĂƌƚŝĐƵůĂƌ ŚŽƵƌƐ Žƌ ƉĂƌƚŝĐƵůĂƌ ƐĐŚĞĚƵůĞ͕ƵŶůĞƐƐŽƚŚĞƌǁŝƐĞŝŶĚŝĐĂƚĞĚŝŶƚŚĞ^ĐŽƉĞŽĨtŽƌŬŽƌǁŚĞƌĞƐĐŚĞĚƵůŝŶŐŽĨ ĂƚƚĞŶĚĂŶĐĞŽƌƉĞƌĨŽƌŵĂŶĐĞŝƐŵƵƚƵĂůůǇĂƌƌĂŶŐĞĚĚƵĞƚŽƚŚĞŶĂƚƵƌĞŽĨƚŚĞtŽƌŬ͘ ŽŶƐƵůƚĂŶƚƐŚĂůůƌĞƚĂŝŶƚŚĞƌŝŐŚƚƚŽĚĞƐŝŐŶĂƚĞƚŚĞŵĞĂŶƐŽĨƉĞƌĨŽƌŵŝŶŐƚŚĞtŽƌŬ ĐŽǀĞƌĞĚďǇƚŚŝƐĂŐƌĞĞŵĞŶƚ͕ĂŶĚƚŚĞŽŶƐƵůƚĂŶƚƐŚĂůůďĞĞŶƚŝƚůĞĚƚŽĞŵƉůŽǇŽƚŚĞƌ 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ƚŚĞ ZĞŶƚŽŶ DƵŶŝĐŝƉĂů ŽĚĞ͕ ŽŶƐƵůƚĂŶƚƐŚĂůůŽďƚĂŝŶĂŝƚǇŽĨZĞŶƚŽŶƵƐŝŶĞƐƐ>ŝĐĞŶƐĞƉƌŝŽƌƚŽƉĞƌĨŽƌŵŝŶŐĂŶǇtŽƌŬ ĂŶĚ ŵĂŝŶƚĂŝŶ ƚŚĞ ďƵƐŝŶĞƐƐ ůŝĐĞŶƐĞ ŝŶ ŐŽŽĚ ƐƚĂŶĚŝŶŐ ƚŚƌŽƵŐŚŽƵƚ ƚŚĞ ƚĞƌŵ ŽĨ ƚŚŝƐ ĂŐƌĞĞŵĞŶƚǁŝƚŚƚŚĞŝƚǇ͘ /ŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐĂĐƋƵŝƌŝŶŐĂĐŝƚǇďƵƐŝŶĞƐƐůŝĐĞŶƐĞĐĂŶďĞĨŽƵŶĚĂƚ͗ ŚƚƚƉƐ͗ͬͬǁǁǁ͘ƌĞŶƚŽŶǁĂ͘ŐŽǀͬdĂǆ /ŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐ^ƚĂƚĞďƵƐŝŶĞƐƐůŝĐĞŶƐŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐĐĂŶďĞĨŽƵŶĚĂƚ͗ ŚƚƚƉƐ͗ͬͬĚŽƌ͘ǁĂ͘ŐŽǀͬĚŽŝŶŐͲďƵƐŝŶĞƐƐͬƌĞŐŝƐƚĞƌͲŵǇͲďƵƐŝŶĞƐƐ ϭϯ͘ /ŶƐƵƌĂŶĐĞ͗ŽŶƐƵůƚĂŶƚƐŚĂůůƐĞĐƵƌĞĂŶĚŵĂŝŶƚĂŝŶ͗ ͘ ŽŵŵĞƌĐŝĂůŐĞŶĞƌĂůůŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞŝŶƚŚĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐŽĨΨϭ͕ϬϬϬ͕ϬϬϬĨŽƌ ĞĂĐŚŽĐĐƵƌƌĞŶĐĞͬΨϮ͕ϬϬϬ͕ϬϬϬĂŐŐƌĞŐĂƚĞĨŽƌƚŚĞdĞƌŵŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ͘ /Ŷ ƚŚĞ ĞǀĞŶƚ ƚŚĂƚ tŽƌŬ ĚĞůŝǀĞƌĞĚ ƉƵƌƐƵĂŶƚ ƚŽ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ĞŝƚŚĞƌ ĚŝƌĞĐƚůǇ Žƌ ŝŶĚŝƌĞĐƚůǇŝŶǀŽůǀĞŽƌƌĞƋƵŝƌĞWƌŽĨĞƐƐŝŽŶĂů^ĞƌǀŝĐĞƐ͕WƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚǇ͕ƌƌŽƌƐĂŶĚ KŵŝƐƐŝŽŶƐ ĐŽǀĞƌĂŐĞ ƐŚĂůů ďĞ ƉƌŽǀŝĚĞĚ ǁŝƚŚ ŵŝŶŝŵƵŵ ůŝŵŝƚƐ ŽĨ Ψϭ͕ϬϬϬ͕ϬϬϬ ƉĞƌ ŽĐĐƵƌƌĞŶĐĞ͘ΗWƌŽĨĞƐƐŝŽŶĂů^ĞƌǀŝĐĞƐΗ͕ĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨƚŚŝƐƐĞĐƚŝŽŶ͕ƐŚĂůůŵĞĂŶĂŶǇ tŽƌŬ ƉƌŽǀŝĚĞĚ ďǇ Ă ůŝĐĞŶƐĞĚ ƉƌŽĨĞƐƐŝŽŶĂů Žƌ tŽƌŬ ƚŚĂƚ ƌĞƋƵŝƌĞƐĂ ƉƌŽĨĞƐƐŝŽŶĂů ƐƚĂŶĚĂƌĚŽĨĐĂƌĞ͘ ͘ tŽƌŬĞƌƐ͛ĐŽŵƉĞŶƐĂƚŝŽŶĐŽǀĞƌĂŐĞ͕ĂƐƌĞƋƵŝƌĞĚďǇƚŚĞ/ŶĚƵƐƚƌŝĂů/ŶƐƵƌĂŶĐĞůĂǁƐŽĨƚŚĞ ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶ͕ƐŚĂůůĂůƐŽďĞƐĞĐƵƌĞĚ͘ W'ϲK&ϭϬ ͘ ŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚǇĨŽƌŽǁŶĞĚ͕ůĞĂƐĞĚ͕ŚŝƌĞĚŽƌŶŽŶͲŽǁŶĞĚ͕ůĞĂƐĞĚ͕ŚŝƌĞĚ ŽƌŶŽŶͲŽǁŶĞĚ͕ǁŝƚŚŵŝŶŝŵƵŵůŝŵŝƚƐŽĨΨϭ͕ϬϬϬ͕ϬϬϬƉĞƌŽĐĐƵƌƌĞŶĐĞĐŽŵďŝŶĞĚƐŝŶŐůĞ ůŝŵŝƚ͕ŝĨƚŚĞƌĞǁŝůůďĞĂŶǇƵƐĞŽĨŽŶƐƵůƚĂŶƚ͛ƐǀĞŚŝĐůĞƐŽŶƚŚĞŝƚǇ͛ƐWƌĞŵŝƐĞƐďǇŽƌŽŶ ďĞŚĂůĨŽĨƚŚĞŝƚǇ͕ďĞǇŽŶĚŶŽƌŵĂůĐŽŵŵƵƚĞƐ͘ ͘ ŽŶƐƵůƚĂŶƚƐŚĂůůŶĂŵĞƚŚĞŝƚǇĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚŽŶŝƚƐĐŽŵŵĞƌĐŝĂůŐĞŶĞƌĂů ůŝĂďŝůŝƚǇƉŽůŝĐǇŽŶĂŶŽŶͲĐŽŶƚƌŝďƵƚŽƌǇƉƌŝŵĂƌǇďĂƐŝƐ͘dŚĞŝƚǇ͛ƐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐƐŚĂůů ŶŽƚďĞĂƐŽƵƌĐĞĨŽƌƉĂǇŵĞŶƚŽĨĂŶǇŽŶƐƵůƚĂŶƚůŝĂďŝůŝƚǇ͕ŶŽƌƐŚĂůůƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨ ĂŶǇ ŝŶƐƵƌĂŶĐĞ ƌĞƋƵŝƌĞĚ ďǇ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ďĞ ĐŽŶƐƚƌƵĞĚ ƚŽ ůŝŵŝƚƚŚĞ ůŝĂďŝůŝƚǇ ŽĨ ŽŶƐƵůƚĂŶƚƚŽƚŚĞĐŽǀĞƌĂŐĞƉƌŽǀŝĚĞĚďǇƐƵĐŚŝŶƐƵƌĂŶĐĞŽƌŽƚŚĞƌǁŝƐĞůŝŵŝƚƚŚĞŝƚǇ͛Ɛ ƌĞĐŽƵƌƐĞƚŽĂŶǇƌĞŵĞĚǇĂǀĂŝůĂďůĞĂƚůĂǁŽƌŝŶĞƋƵŝƚǇ͘ &͘ ^ƵďũĞĐƚƚŽƚŚĞŝƚǇ͛ƐƌĞǀŝĞǁĂŶĚĂĐĐĞƉƚĂŶĐĞ͕ĂĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞƐŚŽǁŝŶŐƚŚĞ ƉƌŽƉĞƌĞŶĚŽƌƐĞŵĞŶƚƐ͕ƐŚĂůůďĞĚĞůŝǀĞƌĞĚƚŽƚŚĞŝƚǇďĞĨŽƌĞƉĞƌĨŽƌŵŝŶŐƚŚĞtŽƌŬ͘ '͘ ŽŶƐƵůƚĂŶƚƐŚĂůůƉƌŽǀŝĚĞƚŚĞŝƚǇǁŝƚŚǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĂŶǇƉŽůŝĐǇĐĂŶĐĞůůĂƚŝŽŶ͕ǁŝƚŚŝŶ ƚǁŽ;ϮͿďƵƐŝŶĞƐƐĚĂǇƐŽĨƚŚĞŝƌƌĞĐĞŝƉƚŽĨƐƵĐŚŶŽƚŝĐĞ͘ ϭϰ͘ ĞůĂǇƐ͗ ŽŶƐƵůƚĂŶƚ ŝƐ ŶŽƚ ƌĞƐƉŽŶƐŝďůĞ ĨŽƌ ĚĞůĂǇƐ ĐĂƵƐĞĚ ďǇ ĨĂĐƚŽƌƐ ďĞǇŽŶĚ ƚŚĞ ŽŶƐƵůƚĂŶƚ͛ƐƌĞĂƐŽŶĂďůĞĐŽŶƚƌŽů͘tŚĞŶƐƵĐŚĚĞůĂǇƐďĞǇŽŶĚƚŚĞŽŶƐƵůƚĂŶƚ͛ƐƌĞĂƐŽŶĂďůĞ ĐŽŶƚƌŽůŽĐĐƵƌ͕ƚŚĞŝƚǇĂŐƌĞĞƐƚŚĞŽŶƐƵůƚĂŶƚŝƐŶŽƚƌĞƐƉŽŶƐŝďůĞĨŽƌĚĂŵĂŐĞƐ͕ŶŽƌƐŚĂůůƚŚĞ ŽŶƐƵůƚĂŶƚďĞĚĞĞŵĞĚƚŽďĞŝŶĚĞĨĂƵůƚŽĨƚŚĞŐƌĞĞŵĞŶƚ͘ ϭϱ͘ ^ƵĐĐĞƐƐŽƌƐĂŶĚƐƐŝŐŶƐ͗EĞŝƚŚĞƌƚŚĞŝƚǇŶŽƌƚŚĞŽŶƐƵůƚĂŶƚƐŚĂůůĂƐƐŝŐŶ͕ƚƌĂŶƐĨĞƌŽƌ ĞŶĐƵŵďĞƌ ĂŶǇ ƌŝŐŚƚƐ͕ ĚƵƚŝĞƐ Žƌ ŝŶƚĞƌĞƐƚƐ ĂĐĐƌƵŝŶŐ ĨƌŽŵ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ǁŝƚŚŽƵƚ ƚŚĞ ǁƌŝƚƚĞŶĐŽŶƐĞŶƚŽĨƚŚĞŽƚŚĞƌ͘ ϭϲ͘ EŽƚŝĐĞƐ͗ŶǇŶŽƚŝĐĞƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚǁŝůůďĞŝŶǁƌŝƚŝŶŐ͕ĂĚĚƌĞƐƐĞĚƚŽƚŚĞ ĂƉƉƌŽƉƌŝĂƚĞƉĂƌƚǇĂƚƚŚĞĂĚĚƌĞƐƐǁŚŝĐŚĂƉƉĞĂƌƐďĞůŽǁ;ĂƐŵŽĚŝĨŝĞĚŝŶǁƌŝƚŝŶŐĨƌŽŵƚŝŵĞ ƚŽƚŝŵĞďǇƐƵĐŚƉĂƌƚǇͿ͕ĂŶĚŐŝǀĞŶƉĞƌƐŽŶĂůůǇ͕ďǇƌĞŐŝƐƚĞƌĞĚŽƌĐĞƌƚŝĨŝĞĚŵĂŝů͕ƌĞƚƵƌŶƌĞĐĞŝƉƚ ƌĞƋƵĞƐƚĞĚ͕ďǇĨĂĐƐŝŵŝůĞŽƌďǇŶĂƚŝŽŶĂůůǇƌĞĐŽŐŶŝǌĞĚŽǀĞƌŶŝŐŚƚĐŽƵƌŝĞƌƐĞƌǀŝĐĞ͘dŝŵĞƉĞƌŝŽĚ ĨŽƌ ŶŽƚŝĐĞƐ ƐŚĂůů ďĞĚĞĞŵĞĚ ƚŽŚĂǀĞ ĐŽŵŵĞŶĐĞĚƵƉŽŶ ƚŚĞ ĚĂƚĞ ŽĨƌĞĐĞŝƉƚ͕ yWd ĨĂĐƐŝŵŝůĞĚĞůŝǀĞƌǇǁŝůůďĞĚĞĞŵĞĚƚŽŚĂǀĞĐŽŵŵĞŶĐĞĚŽŶƚŚĞĨŝƌƐƚďƵƐŝŶĞƐƐĚĂǇĨŽůůŽǁŝŶŐ ƚƌĂŶƐŵŝƐƐŝŽŶ͘ ŵĂŝů ĂŶĚ ƚĞůĞƉŚŽŶĞ ŵĂǇ ďĞ ƵƐĞĚ ĨŽƌ ƉƵƌƉŽƐĞƐ ŽĨ ĂĚŵŝŶŝƐƚĞƌŝŶŐ ƚŚĞ ŐƌĞĞŵĞŶƚ͕ďƵƚƐŚŽƵůĚŶŽƚďĞƵƐĞĚƚŽŐŝǀĞĂŶǇĨŽƌŵĂůŶŽƚŝĐĞƌĞƋƵŝƌĞĚďǇƚŚĞŐƌĞĞŵĞŶƚ͘ /dzK&ZEdKE <ĞǀŝŶǀĂŶƐ ϭϬϱϱ^ŽƵƚŚ'ƌĂĚǇtĂǇ ZĞŶƚŽŶ͕tϵϴϬϱϳ WŚŽŶĞ͗;ϰϮϱͿϰϯϬͲϳϮϲϰ KE^h>dEd ůĞǆƵĞƐĐŚĞƌ ϭϳϱϬ^ŽƵƚŚ,ĂƌďŽƌtĂǇ͕^ƵŝƚĞηϰϬϬ WŽƌƚůĂŶĚ͕KZϵϳϮϬϭ WŚŽŶĞ͗;ϱϬϯͿϳϮϳͲϴϬϲϵ W'ϳK&ϭϬ ŬƌĞǀĂŶƐΛƌĞŶƚŽŶǁĂ͘ŐŽǀ ĂůĞǆ͘ďƵĞƐĐŚĞƌΛƚĞƚƌĂƚĞĐŚ͘ĐŽŵ ϭϳ͘ ŝƐĐƌŝŵŝŶĂƚŝŽŶWƌŽŚŝďŝƚĞĚ͗ǆĐĞƉƚƚŽƚŚĞĞǆƚĞŶƚƉĞƌŵŝƚƚĞĚďǇĂďŽŶĂĨŝĚĞŽĐĐƵƉĂƚŝŽŶĂů ƋƵĂůŝĨŝĐĂƚŝŽŶ͕ƚŚĞŽŶƐƵůƚĂŶƚĂŐƌĞĞƐĂƐĨŽůůŽǁƐ͗ ͘ ŽŶƐƵůƚĂŶƚ͕ ĂŶĚ ŽŶƐƵůƚĂŶƚ͛Ɛ ĂŐĞŶƚƐ͕ ĞŵƉůŽǇĞĞƐ͕ ƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐ͕ ĂŶĚ ǀŽůƵŶƚĞĞƌƐ ǁŝƚŚƌĞŐĂƌĚƚŽƚŚĞtŽƌŬƉĞƌĨŽƌŵĞĚŽƌƚŽďĞƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ƐŚĂůů ŶŽƚĚŝƐĐƌŝŵŝŶĂƚĞŽŶƚŚĞďĂƐŝƐŽĨƌĂĐĞ͕ĐŽůŽƌ͕ƐĞǆ͕ƌĞůŝŐŝŽŶ͕ŶĂƚŝŽŶĂůŝƚǇ͕ĐƌĞĞĚ͕ŵĂƌŝƚĂů ƐƚĂƚƵƐ͕ƐĞǆƵĂůŽƌŝĞŶƚĂƚŝŽŶŽƌƉƌĞĨĞƌĞŶĐĞ͕ĂŐĞ;ĞǆĐĞƉƚŵŝŶŝŵƵŵĂŐĞĂŶĚƌĞƚŝƌĞŵĞŶƚ ƉƌŽǀŝƐŝŽŶƐͿ͕ŚŽŶŽƌĂďůǇĚŝƐĐŚĂƌŐĞĚǀĞƚĞƌĂŶŽƌŵŝůŝƚĂƌǇƐƚĂƚƵƐ͕ŽƌƚŚĞƉƌĞƐĞŶĐĞŽĨĂŶǇ ƐĞŶƐŽƌǇ͕ŵĞŶƚĂůŽƌƉŚǇƐŝĐĂůŚĂŶĚŝĐĂƉ͕ƵŶůĞƐƐďĂƐĞĚƵƉŽŶĂďŽŶĂĨŝĚĞŽĐĐƵƉĂƚŝŽŶĂů ƋƵĂůŝĨŝĐĂƚŝŽŶŝŶƌĞůĂƚŝŽŶƐŚŝƉƚŽŚŝƌŝŶŐĂŶĚĞŵƉůŽǇŵĞŶƚ͕ŝŶĞŵƉůŽǇŵĞŶƚŽƌĂƉƉůŝĐĂƚŝŽŶ ĨŽƌĞŵƉůŽǇŵĞŶƚ͕ƚŚĞĂĚŵŝŶŝƐƚƌĂƚŝŽŶŽĨƚŚĞĚĞůŝǀĞƌǇŽĨtŽƌŬŽƌĂŶǇŽƚŚĞƌďĞŶĞĨŝƚƐ ƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ŽƌƉƌŽĐƵƌĞŵĞŶƚŽĨŵĂƚĞƌŝĂůƐŽƌƐƵƉƉůŝĞƐ͘ ͘ dŚĞŽŶƐƵůƚĂŶƚǁŝůůƚĂŬĞĂĨĨŝƌŵĂƚŝǀĞĂĐƚŝŽŶƚŽŝŶƐƵƌĞƚŚĂƚĂƉƉůŝĐĂŶƚƐĂƌĞĞŵƉůŽǇĞĚĂŶĚ ƚŚĂƚĞŵƉůŽǇĞĞƐĂƌĞƚƌĞĂƚĞĚĚƵƌŝŶŐĞŵƉůŽǇŵĞŶƚǁŝƚŚŽƵƚƌĞŐĂƌĚƚŽƚŚĞŝƌƌĂĐĞ͕ĐƌĞĞĚ͕ ĐŽůŽƌ͕ ŶĂƚŝŽŶĂů ŽƌŝŐŝŶ͕ ƐĞǆ͕ ĂŐĞ͕ ƐĞǆƵĂů ŽƌŝĞŶƚĂƚŝŽŶ͕ ƉŚǇƐŝĐĂů͕ ƐĞŶƐŽƌǇ Žƌ ŵĞŶƚĂů ŚĂŶĚŝĐĂƉƐ͕ŽƌŵĂƌŝƚĂůƐƚĂƚƵƐ͘^ƵĐŚĂĐƚŝŽŶƐŚĂůůŝŶĐůƵĚĞ͕ďƵƚŶŽƚďĞůŝŵŝƚĞĚƚŽƚŚĞ ĨŽůůŽǁŝŶŐĞŵƉůŽǇŵĞŶƚ͕ƵƉŐƌĂĚŝŶŐ͕ĚĞŵŽƚŝŽŶŽƌƚƌĂŶƐĨĞƌ͕ƌĞĐƌƵŝƚŵĞŶƚŽƌƌĞĐƌƵŝƚŵĞŶƚ ĂĚǀĞƌƚŝƐŝŶŐ͕ůĂǇŽĨĨŽƌƚĞƌŵŝŶĂƚŝŽŶ͕ƌĂƚĞƐŽĨƉĂǇŽƌŽƚŚĞƌĨŽƌŵƐŽĨĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚ ƐĞůĞĐƚŝŽŶĨŽƌƚƌĂŝŶŝŶŐ͘ ͘ /ĨƚŚĞŽŶƐƵůƚĂŶƚĨĂŝůƐƚŽĐŽŵƉůǇǁŝƚŚĂŶǇŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͛ƐŶŽŶͲĚŝƐĐƌŝŵŝŶĂƚŝŽŶ ƉƌŽǀŝƐŝŽŶƐ͕ƚŚĞŝƚǇƐŚĂůůŚĂǀĞƚŚĞƌŝŐŚƚ͕ĂƚŝƚƐŽƉƚŝŽŶ͕ƚŽĐĂŶĐĞůƚŚĞŐƌĞĞŵĞŶƚŝŶ ǁŚŽůĞŽƌŝŶƉĂƌƚ͘ ͘ dŚĞŽŶƐƵůƚĂŶƚŝƐƌĞƐƉŽŶƐŝďůĞƚŽďĞĂǁĂƌĞŽĨĂŶĚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĨĞĚĞƌĂů͕ƐƚĂƚĞ ĂŶĚůŽĐĂůůĂǁƐĂŶĚƌĞŐƵůĂƚŝŽŶƐƚŚĂƚŵĂǇĂĨĨĞĐƚƚŚĞƐĂƚŝƐĨĂĐƚŽƌǇĐŽŵƉůĞƚŝŽŶŽĨƚŚĞ ƉƌŽũĞĐƚ͕ǁŚŝĐŚŝŶĐůƵĚĞƐďƵƚŝƐŶŽƚůŝŵŝƚĞĚƚŽĨĂŝƌůĂďŽƌůĂǁƐ͕ǁŽƌŬĞƌΖƐĐŽŵƉĞŶƐĂƚŝŽŶ͕ ĂŶĚdŝƚůĞs/ŽĨƚŚĞ&ĞĚĞƌĂůŝǀŝůZŝŐŚƚƐĐƚŽĨϭϵϲϰ͕ĂŶĚǁŝůůĐŽŵƉůǇǁŝƚŚŝƚǇŽĨZĞŶƚŽŶ ŽƵŶĐŝůZĞƐŽůƵƚŝŽŶEƵŵďĞƌϰϬϴϱ͘ ϭϴ͘ DŝƐĐĞůůĂŶĞŽƵƐ͗dŚĞƉĂƌƚŝĞƐŚĞƌĞďǇĂĐŬŶŽǁůĞĚŐĞ͗ ͘ dŚĞŝƚǇŝƐŶŽƚƌĞƐƉŽŶƐŝďůĞƚŽƚƌĂŝŶŽƌƉƌŽǀŝĚĞƚƌĂŝŶŝŶŐĨŽƌŽŶƐƵůƚĂŶƚ͘ ͘ ŽŶƐƵůƚĂŶƚǁŝůůŶŽƚďĞƌĞŝŵďƵƌƐĞĚĨŽƌũŽďƌĞůĂƚĞĚĞǆƉĞŶƐĞƐĞǆĐĞƉƚƚŽƚŚĞĞǆƚĞŶƚ ƐƉĞĐŝĨŝĐĂůůǇĂŐƌĞĞĚǁŝƚŚŝŶƚŚĞĂƚƚĂĐŚĞĚĞǆŚŝďŝƚƐ͘ ͘ ŽŶƐƵůƚĂŶƚƐŚĂůůĨƵƌŶŝƐŚĂůůƚŽŽůƐĂŶĚͬŽƌŵĂƚĞƌŝĂůƐŶĞĐĞƐƐĂƌǇƚŽƉĞƌĨŽƌŵƚŚĞtŽƌŬ ĞǆĐĞƉƚƚŽƚŚĞĞǆƚĞŶƚƐƉĞĐŝĨŝĐĂůůǇĂŐƌĞĞĚǁŝƚŚŝŶƚŚĞĂƚƚĂĐŚĞĚĞǆŚŝďŝƚƐ͘ W'ϴK&ϭϬ ͘ /ŶƚŚĞĞǀĞŶƚƐƉĞĐŝĂůƚƌĂŝŶŝŶŐ͕ůŝĐĞŶƐŝŶŐ͕ŽƌĐĞƌƚŝĨŝĐĂƚŝŽŶŝƐƌĞƋƵŝƌĞĚĨŽƌŽŶƐƵůƚĂŶƚƚŽ ƉƌŽǀŝĚĞtŽƌŬŚĞͬƐŚĞǁŝůůĂĐƋƵŝƌĞŽƌŵĂŝŶƚĂŝŶƐƵĐŚĂƚŚŝƐͬŚĞƌŽǁŶĞǆƉĞŶƐĞĂŶĚ͕ŝĨ ŽŶƐƵůƚĂŶƚĞŵƉůŽǇƐ͕ƐƵďͲĐŽŶƚƌĂĐƚƐ͕ŽƌŽƚŚĞƌǁŝƐĞĂƐƐŝŐŶƐƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚǇƚŽƉĞƌĨŽƌŵ ƚŚĞtŽƌŬ͕ƐĂŝĚĞŵƉůŽǇĞĞͬƐƵďͲĐŽŶƚƌĂĐƚŽƌͬĂƐƐŝŐŶĞĞǁŝůůĂĐƋƵŝƌĞĂŶĚŽƌŵĂŝŶƚĂŝŶƐƵĐŚ ƚƌĂŝŶŝŶŐ͕ůŝĐĞŶƐŝŶŐ͕ŽƌĐĞƌƚŝĨŝĐĂƚŝŽŶ͘ ͘ dŚŝƐŝƐĂŶŽŶͲĞǆĐůƵƐŝǀĞĂŐƌĞĞŵĞŶƚĂŶĚŽŶƐƵůƚĂŶƚŝƐĨƌĞĞƚŽƉƌŽǀŝĚĞŚŝƐͬŚĞƌtŽƌŬƚŽ ŽƚŚĞƌĞŶƚŝƚŝĞƐ͕ƐŽůŽŶŐĂƐƚŚĞƌĞŝƐŶŽŝŶƚĞƌƌƵƉƚŝŽŶŽƌŝŶƚĞƌĨĞƌĞŶĐĞǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶŽĨ tŽƌŬĐĂůůĞĚĨŽƌŝŶƚŚŝƐŐƌĞĞŵĞŶƚ͘ &͘ ŽŶƐƵůƚĂŶƚŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌŚŝƐͬŚĞƌŽǁŶŝŶƐƵƌĂŶĐĞ͕ŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ ŚĞĂůƚŚŝŶƐƵƌĂŶĐĞ͘ '͘ ŽŶƐƵůƚĂŶƚŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌŚŝƐͬŚĞƌŽǁŶtŽƌŬĞƌ͛ƐŽŵƉĞŶƐĂƚŝŽŶĐŽǀĞƌĂŐĞĂƐǁĞůůĂƐ ƚŚĂƚĨŽƌĂŶǇƉĞƌƐŽŶƐĞŵƉůŽǇĞĚďǇƚŚĞŽŶƐƵůƚĂŶƚ͘ ϭϵ͘ KƚŚĞƌWƌŽǀŝƐŝŽŶƐ͗ ͘ ƉƉƌŽǀĂůƵƚŚŽƌŝƚǇ͘ĂĐŚŝŶĚŝǀŝĚƵĂůĞǆĞĐƵƚŝŶŐƚŚŝƐŐƌĞĞŵĞŶƚŽŶďĞŚĂůĨŽĨƚŚĞŝƚǇ ĂŶĚŽŶƐƵůƚĂŶƚƌĞƉƌĞƐĞŶƚƐĂŶĚǁĂƌƌĂŶƚƐƚŚĂƚƐƵĐŚŝŶĚŝǀŝĚƵĂůƐĂƌĞĚƵůǇĂƵƚŚŽƌŝǌĞĚƚŽ ĞǆĞĐƵƚĞĂŶĚĚĞůŝǀĞƌƚŚŝƐŐƌĞĞŵĞŶƚŽŶďĞŚĂůĨŽĨƚŚĞŝƚǇŽƌŽŶƐƵůƚĂŶƚ͘ ͘ 'ĞŶĞƌĂůĚŵŝŶŝƐƚƌĂƚŝŽŶĂŶĚDĂŶĂŐĞŵĞŶƚ͘dŚĞŝƚǇ͛ƐƉƌŽũĞĐƚŵĂŶĂŐĞƌŝƐ<ĞǀŝŶǀĂŶƐ͘ /ŶƉƌŽǀŝĚŝŶŐtŽƌŬ͕ŽŶƐƵůƚĂŶƚƐŚĂůůĐŽŽƌĚŝŶĂƚĞǁŝƚŚƚŚĞŝƚǇ͛ƐĐŽŶƚƌĂĐƚŵĂŶĂŐĞƌŽƌ ŚŝƐͬŚĞƌĚĞƐŝŐŶĞĞ͘ ͘ ŵĞŶĚŵĞŶƚ ĂŶĚ DŽĚŝĨŝĐĂƚŝŽŶ͘ dŚŝƐ ŐƌĞĞŵĞŶƚ ŵĂǇ ďĞ ĂŵĞŶĚĞĚ ŽŶůǇ ďǇ ĂŶ ŝŶƐƚƌƵŵĞŶƚŝŶǁƌŝƚŝŶŐ͕ĚƵůǇĞǆĞĐƵƚĞĚďǇďŽƚŚWĂƌƚŝĞƐ͘ ͘ ŽŶĨůŝĐƚƐ͘/ŶƚŚĞĞǀĞŶƚŽĨĂŶǇŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐďĞƚǁĞĞŶŽŶƐƵůƚĂŶƚƉƌŽƉŽƐĂůƐĂŶĚƚŚŝƐ ŐƌĞĞŵĞŶƚ͕ƚŚĞƚĞƌŵƐŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůƉƌĞǀĂŝů͘ŶǇĞǆŚŝďŝƚƐͬĂƚƚĂĐŚŵĞŶƚƐƚŽ ƚŚŝƐŐƌĞĞŵĞŶƚĂƌĞŝŶĐŽƌƉŽƌĂƚĞĚďǇƌĞĨĞƌĞŶĐĞŽŶůǇƚŽƚŚĞĞǆƚĞŶƚŽĨƚŚĞƉƵƌƉŽƐĞĨŽƌ ǁŚŝĐŚ ƚŚĞǇ ĂƌĞ ƌĞĨĞƌĞŶĐĞĚ ǁŝƚŚŝŶ ƚŚŝƐ ŐƌĞĞŵĞŶƚ͘ dŽ ƚŚĞ ĞǆƚĞŶƚ Ă ŽŶƐƵůƚĂŶƚ ƉƌĞƉĂƌĞĚĞǆŚŝďŝƚĐŽŶĨůŝĐƚƐǁŝƚŚƚŚĞƚĞƌŵƐŝŶƚŚĞďŽĚǇŽĨƚŚŝƐŐƌĞĞŵĞŶƚŽƌĐŽŶƚĂŝŶƐ ƚĞƌŵƐƚŚĂƚĂƌĞĞǆƚƌĂŶĞŽƵƐƚŽƚŚĞƉƵƌƉŽƐĞĨŽƌǁŚŝĐŚŝƚŝƐƌĞĨĞƌĞŶĐĞĚ͕ƚŚĞƚĞƌŵƐŝŶƚŚĞ ďŽĚǇ ŽĨ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ƐŚĂůů ƉƌĞǀĂŝů ĂŶĚ ƚŚĞ ĞǆƚƌĂŶĞŽƵƐ ƚĞƌŵƐ ƐŚĂůů ŶŽƚ ďĞ ŝŶĐŽƌƉŽƌĂƚĞĚŚĞƌĞŝŶ͘ ͘ 'ŽǀĞƌŶŝŶŐ >Ăǁ͘dŚŝƐ ŐƌĞĞŵĞŶƚ ƐŚĂůůďĞ ŵĂĚĞ ŝŶ ĂŶĚ ƐŚĂůů ďĞ ŐŽǀĞƌŶĞĚ ďǇ ĂŶĚ ŝŶƚĞƌƉƌĞƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶĂŶĚƚŚĞŝƚǇŽĨ ZĞŶƚŽŶ͘ŽŶƐƵůƚĂŶƚĂŶĚĂůůŽĨƚŚĞŽŶƐƵůƚĂŶƚ͛ƐĞŵƉůŽǇĞĞƐƐŚĂůůƉĞƌĨŽƌŵƚŚĞtŽƌŬŝŶ ĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚ Ăůů ĂƉƉůŝĐĂďůĞ ĨĞĚĞƌĂů͕ ƐƚĂƚĞ͕ ĐŽƵŶƚǇ ĂŶĚ ĐŝƚǇ ůĂǁƐ͕ ĐŽĚĞƐ ĂŶĚ ŽƌĚŝŶĂŶĐĞƐ͘ W'ϵK&ϭϬ &͘ :ŽŝŶƚƌĂĨƚŝŶŐĨĨŽƌƚ͘dŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůďĞĐŽŶƐŝĚĞƌĞĚĨŽƌĂůůƉƵƌƉŽƐĞƐĂƐƉƌĞƉĂƌĞĚ ďǇƚŚĞũŽŝŶƚĞĨĨŽƌƚƐŽĨƚŚĞWĂƌƚŝĞƐĂŶĚƐŚĂůůŶŽƚďĞĐŽŶƐƚƌƵĞĚĂŐĂŝŶƐƚŽŶĞƉĂƌƚǇŽƌƚŚĞ ŽƚŚĞƌ ĂƐ Ă ƌĞƐƵůƚ ŽĨ ƚŚĞ ƉƌĞƉĂƌĂƚŝŽŶ͕ ƐƵďƐƚŝƚƵƚŝŽŶ͕ ƐƵďŵŝƐƐŝŽŶŽƌ ŽƚŚĞƌ ĞǀĞŶƚ ŽĨ ŶĞŐŽƚŝĂƚŝŽŶ͕ĚƌĂĨƚŝŶŐŽƌĞǆĞĐƵƚŝŽŶ͘ '͘ :ƵƌŝƐĚŝĐƚŝŽŶĂŶĚsĞŶƵĞ͘ŶǇůĂǁƐƵŝƚŽƌůĞŐĂůĂĐƚŝŽŶďƌŽƵŐŚƚďǇĂŶǇƉĂƌƚǇƚŽĞŶĨŽƌĐĞŽƌ ŝŶƚĞƌƉƌĞƚƚŚŝƐŐƌĞĞŵĞŶƚŽƌĂŶǇŽĨŝƚƐƚĞƌŵƐŽƌĐŽǀĞŶĂŶƚƐƐŚĂůůďĞďƌŽƵŐŚƚŝŶƚŚĞ<ŝŶŐ ŽƵŶƚǇ^ƵƉĞƌŝŽƌŽƵƌƚĨŽƌƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶĂƚƚŚĞDĂůĞŶŐZĞŐŝŽŶĂů:ƵƐƚŝĐĞ ĞŶƚĞƌŝŶ<ĞŶƚ͕<ŝŶŐŽƵŶƚǇ͕tĂƐŚŝŶŐƚŽŶ͕ŽƌŝƚƐƌĞƉůĂĐĞŵĞŶƚŽƌƐƵĐĐĞƐƐŽƌ͘ŽŶƐƵůƚĂŶƚ ŚĞƌĞďǇĞǆƉƌĞƐƐůǇĐŽŶƐĞŶƚƐƚŽƚŚĞƉĞƌƐŽŶĂůĂŶĚĞǆĐůƵƐŝǀĞũƵƌŝƐĚŝĐƚŝŽŶĂŶĚǀĞŶƵĞŽĨ ƐƵĐŚĐŽƵƌƚĞǀĞŶŝĨŽŶƐƵůƚĂŶƚŝƐĂĨŽƌĞŝŐŶĐŽƌƉŽƌĂƚŝŽŶŶŽƚƌĞŐŝƐƚĞƌĞĚǁŝƚŚƚŚĞ^ƚĂƚĞŽĨ tĂƐŚŝŶŐƚŽŶ͘ ,͘ ^ĞǀĞƌĂďŝůŝƚǇ͘ĐŽƵƌƚŽĨĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶ͛ƐĚĞƚĞƌŵŝŶĂƚŝŽŶƚŚĂƚĂŶǇƉƌŽǀŝƐŝŽŶŽƌ ƉĂƌƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝƐŝůůĞŐĂůŽƌƵŶĞŶĨŽƌĐĞĂďůĞƐŚĂůůŶŽƚĐĂŶĐĞůŽƌŝŶǀĂůŝĚĂƚĞƚŚĞ ƌĞŵĂŝŶĚĞƌŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͕ǁŚŝĐŚƐŚĂůůƌĞŵĂŝŶŝŶĨƵůůĨŽƌĐĞĂŶĚĞĨĨĞĐƚ͘ /͘ ^ŽůĞĂŶĚŶƚŝƌĞŐƌĞĞŵĞŶƚ͘dŚŝƐŐƌĞĞŵĞŶƚĐŽŶƚĂŝŶƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚŽĨƚŚĞ WĂƌƚŝĞƐ ĂŶĚĂŶǇƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐ Žƌ ƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ ǁŚĞƚŚĞƌ ŽƌĂů ŽƌǁƌŝƚƚĞŶ͕ ŶŽƚ ŝŶĐŽƌƉŽƌĂƚĞĚĂƌĞĞǆĐůƵĚĞĚ͘ :͘ dŝŵĞŝƐŽĨƚŚĞƐƐĞŶĐĞ͘dŝŵĞŝƐŽĨƚŚĞĞƐƐĞŶĐĞŽĨƚŚŝƐŐƌĞĞŵĞŶƚĂŶĚĞĂĐŚĂŶĚĂůůŽĨ ŝƚƐƉƌŽǀŝƐŝŽŶƐŝŶǁŚŝĐŚƉĞƌĨŽƌŵĂŶĐĞŝƐĂĨĂĐƚŽƌ͘ĚŚĞƌĞŶĐĞƚŽĐŽŵƉůĞƚŝŽŶĚĂƚĞƐƐĞƚ ĨŽƌƚŚŝŶƚŚĞĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞtŽƌŬŝƐĞƐƐĞŶƚŝĂůƚŽƚŚĞŽŶƐƵůƚĂŶƚ͛ƐƉĞƌĨŽƌŵĂŶĐĞŽĨ ƚŚŝƐŐƌĞĞŵĞŶƚ͘ <͘ dŚŝƌĚͲWĂƌƚǇ ĞŶĞĨŝĐŝĂƌŝĞƐ͘EŽƚŚŝŶŐ ŝŶƚŚŝƐ ŐƌĞĞŵĞŶƚ ŝƐ ŝŶƚĞŶĚĞĚ ƚŽ͕ ŶŽƌ ƐŚĂůůďĞ ĐŽŶƐƚƌƵĞĚƚŽŐŝǀĞĂŶǇƌŝŐŚƚƐŽƌďĞŶĞĨŝƚƐŝŶƚŚĞŐƌĞĞŵĞŶƚƚŽĂŶǇŽŶĞŽƚŚĞƌƚŚĂŶƚŚĞ WĂƌƚŝĞƐ͕ĂŶĚĂůůĚƵƚŝĞƐĂŶĚƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐƵŶĚĞƌƚĂŬĞŶƉƵƌƐƵĂŶƚƚŽƚŚŝƐŐƌĞĞŵĞŶƚǁŝůů ďĞĨŽƌƚŚĞƐŽůĞĂŶĚĞǆĐůƵƐŝǀĞďĞŶĞĨŝƚŽĨƚŚĞWĂƌƚŝĞƐĂŶĚŶŽŽŶĞĞůƐĞ͘ >͘ ŝŶĚŝŶŐĨĨĞĐƚ͘dŚĞWĂƌƚŝĞƐĞĂĐŚďŝŶĚƚŚĞŵƐĞůǀĞƐ͕ƚŚĞŝƌƉĂƌƚŶĞƌƐ͕ƐƵĐĐĞƐƐŽƌƐ͕ĂƐƐŝŐŶƐ͕ ĂŶĚůĞŐĂůƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐƚŽƚŚĞŽƚŚĞƌƉĂƌƚǇƚŽƚŚŝƐŐƌĞĞŵĞŶƚ͕ĂŶĚƚŽƚŚĞƉĂƌƚŶĞƌƐ͕ ƐƵĐĐĞƐƐŽƌƐ͕ĂƐƐŝŐŶƐ͕ĂŶĚůĞŐĂůƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐŽĨƐƵĐŚŽƚŚĞƌƉĂƌƚǇǁŝƚŚƌĞƐƉĞĐƚƚŽĂůů ĐŽǀĞŶĂŶƚƐŽĨƚŚĞŐƌĞĞŵĞŶƚ͘ D͘ tĂŝǀĞƌƐ͘ůůǁĂŝǀĞƌƐƐŚĂůůďĞŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďǇƚŚĞǁĂŝǀŝŶŐƉĂƌƚǇ͘ŝƚŚĞƌƉĂƌƚǇ͛Ɛ ĨĂŝůƵƌĞƚŽĞŶĨŽƌĐĞĂŶǇƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůŶŽƚďĞĂǁĂŝǀĞƌĂŶĚƐŚĂůůŶŽƚ ƉƌĞǀĞŶƚĞŝƚŚĞƌƚŚĞŝƚǇŽƌŽŶƐƵůƚĂŶƚĨƌŽŵĞŶĨŽƌĐŝŶŐƚŚĂƚƉƌŽǀŝƐŝŽŶŽƌĂŶǇŽƚŚĞƌ ƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝŶƚŚĞĨƵƚƵƌĞ͘tĂŝǀĞƌŽĨďƌĞĂĐŚŽĨĂŶǇƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐ ŐƌĞĞŵĞŶƚƐŚĂůůŶŽƚďĞĚĞĞŵĞĚƚŽďĞĂǁĂŝǀĞƌŽĨĂŶǇƉƌŝŽƌŽƌƐƵďƐĞƋƵĞŶƚďƌĞĂĐŚ ƵŶůĞƐƐŝƚŝƐĞǆƉƌĞƐƐůǇǁĂŝǀĞĚŝŶǁƌŝƚŝŶŐ͘ W'ϭϬK&ϭϬ E͘ ŽƵŶƚĞƌƉĂƌƚƐ͘ dŚĞ WĂƌƚŝĞƐ ŵĂǇ ĞǆĞĐƵƚĞ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ŝŶ ĂŶǇ ŶƵŵďĞƌ ŽĨ ĐŽƵŶƚĞƌƉĂƌƚƐ͕ĞĂĐŚŽĨǁŚŝĐŚƐŚĂůůĐŽŶƐƚŝƚƵƚĞĂŶŽƌŝŐŝŶĂů͕ĂŶĚĂůůŽĨǁŚŝĐŚǁŝůůƚŽŐĞƚŚĞƌ ĐŽŶƐƚŝƚƵƚĞƚŚŝƐŽŶĞŐƌĞĞŵĞŶƚ͘ /Et/dE^^t,ZK&͕ƚŚĞWĂƌƚŝĞƐŚĂǀĞǀŽůƵŶƚĂƌŝůǇĞŶƚĞƌĞĚŝŶƚŽƚŚŝƐŐƌĞĞŵĞŶƚĂƐŽĨƚŚĞĚĂƚĞ ůĂƐƚƐŝŐŶĞĚďǇƚŚĞWĂƌƚŝĞƐďĞůŽǁ͘ /dzK&ZEdKE Ǉ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ KE^h>dEd Ǉ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ƌŵŽŶĚŽWĂǀŽŶĞ DĂǇŽƌ ŚƵĐŬWƵƌŶĞůů ^ĞŶŝŽƌWƌŽũĞĐƚDĂŶĂŐĞƌ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ĂƚĞ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ĂƚĞ ƚƚĞƐƚ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ :ĂƐŽŶ͘^ĞƚŚ ŝƚǇůĞƌŬ ƉƉƌŽǀĞĚĂƐƚŽ>ĞŐĂů&Žƌŵ Ǉ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ^ŚĂŶĞDŽůŽŶĞǇ ZĞŶƚŽŶŝƚǇƚƚŽƌŶĞǇ ŽŶƚƌĂĐƚdĞŵƉůĂƚĞhƉĚĂƚĞĚϱͬϮϭͬϮϬϮϭ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ŚƵĐŬ WƵƌŶĞůů 01/08/20253/9/2026 Approved by Cheryl Beyer via email 1/27/2026 116th Avenue Southeast Stormwater Improvements Page 1 of 18 CITY OF RENTON PUBLIC WORKS SCOPE OF WORK BIG SOOS CREEK AT 116TH AVE SE SEDIMENT CONTROL BACKGROUND The City of Renton (City) contains within its municipal boundary the headwaters for Big Soos Creek and several tributary streams. Big Soos Creek is identified by the City as a “Type F” fish-bearing stream, and several species of salmon, including Chinook, Coho, Chum, and Steelhead, spawn and rear in the Soos Creek watershed. Additionally, the Washington Department of Ecology is also reviewing two different Total Maximum Daily Load (TMDL) limitations on the Soos Creek Watershed: the first is a multi-parameter TMDL that will regulate temperature, dissolved oxygen, and bacteria, and the second TMDL will be specific to fine sediments. The City considers the implementation of these TMDLs to be an eventuality and seeks to prepare itself to manage its portion of the watershed accordingly. The City has identified a conveyance capacity issue in Big Soos Creek between 116th Avenue Southeast and Southeast Petrovitsky Road. Excess sedimentation in the channel and overgrown vegetation flanking the channel banks have reduced the conveyance capacity of the channel, and the channel’s location primarily on private property presents a challenge for regular maintenance activities. To find a resolution to the reduced conveyance capacity in a manner that considers the challenges associated with fish passage, water quality, private property, and long-term maintenance considerations, the City has hired Tetra Tech, Inc. (Consultant) to conduct an alternatives analysis and perform the subsequent design of stormwater management Best Management Practices (BMPs) targeted at improving several key goals: x Improve the channel’s flow conveyance capacity of Big Soos Creek in the project area. x Reduce the City’s long-term maintenance burden in the project area. x Augment the City’s permit management through identification of requirements associated with the future TMDLs, potentially including site-specific data collection, subwatershed modeling, and implementation of stormwater best management practices (BMPs). This scope of work presents the work to accomplish the City’s goals in three (3) phases. The first phase of work is the subject of this contract, while the latter phases may be included in a future contract amendment, at the City’s discretion. x Phase 1 – Initial Evaluation and Conclusions, 30% Design x Phase 2 – Design and Permit Support (Future Amendment) x Phase 3 – Bid Support and Services During Construction (Future Amendment) 116th Avenue Southeast Stormwater Improvements Page 2 of 18 SERVICES – PHASE 1: INITIAL EVALUATION AND CONCLUSIONS DURATION Phase 1 of this contract assumes a duration of 15 months, beginning on January 1st, 2026 and ending on March 31st, 2027. TASK 1.1 – PROJECT MANAGEMENT The focus of this task is to maintain effective communication with the City’s Project Manager and City staff, manage the project budget, and coordinate the timing of all tasks within this scope to ensure completion within the project schedule. 1. Prepare project plan defining staff responsibilities and schedules. 2. Conduct an internal project start-up meeting involving key team members at Tetra Tech offices. 3. Conduct a kickoff meeting with the City. Tetra Tech will take note of action items and confirm these items with the City via email. 4. Conduct up to 15 monthly check-in meetings, each up to 1 hour in duration, with the City. 5. The Consultant will provide to the City a Phase 1 project schedule within two (2) weeks of The Consultant receiving the notice to proceed. The schedule will show milestone dates and submittal dates to the City. The design schedule will be updated monthly over the project duration. 6. Ongoing project management and coordination with the project team, including subconsultants. Management functions including coordinating labor, meeting key scheduling milestones, and maintaining budget occurs within this task. 7. Preparation of 15 monthly progress reports which include a summary table comparing amount expended and remaining budget. Progress reports will identify any anticipated or current issues with any out-of-scope work, budget shortfalls, and provide suggested corrections. 8. Prepare a Project Management Plan (PMP) describing the procedures and protocol for execution of the various components of the work, organizational chart of the Consultant team and City staff, project team roles and responsibilities, internal and external communications plan, routing procedures for all project correspondence and deliverables, risk management plan, and quality assurance plan. Quality assurance plan documentation associated with this project. Assumptions 1. The kickoff meeting will be attended by up to two (2) Tetra Tech staff (which includes the project manager). The meeting will last up to two (2) hours. Tetra Tech will facilitate the meeting, prepare the meeting agenda, and prepare meeting notes. 2. The Consultant will prepare agendas and notes for the project kickoff meeting and check-in meetings. 3. Meetings will be held via Microsoft Teams or other digital meeting platform unless otherwise agreed upon by both the Consultant and the City or otherwise specified in the Scope of Work. 116th Avenue Southeast Stormwater Improvements Page 3 of 18 Deliverables 1. Kickoff meeting and monthly check-in meeting notes. 2. Project Management Plan and project schedule, delivered electronically as a PDF document. 3. Monthly updates to the design schedule. 4. Monthly invoices and progress reports, delivered electronically as emails with invoices. 5. Subconsultant agreements, as applicable. 6. QA/QC documentation upon request. TASK 1.2 – DATA COLLECTION AND REVIEW The Consultant will collect and review existing data to support project analysis and design. The primary goal of this task is to synthesize existing data relevant to the project to inform the work conducted in other project tasks. This task will also identify data gaps where further investigation or data collection is necessary. The Consultant’s work will include the following: Subtask 1.2.1 – Review of Existing Publicly-Available Data 1. Review and obtain publicly available Geographic Information System (GIS) data and City of Renton Maps (CORMAPS) web portal. a. Existing utilities (e.g., storm sewer, sanitary sewer, water main, dry utilities, overhead utilities, etc.). b. Existing topography (e.g., LiDAR datasets) c. Review of City Operations and Maintenance documentation, especially pertaining to maintenance of culverts along Big Soos Creek, vegetation management in Big Soos Creek, and operational practices related to street sweeping and winter ice control. d. Environmental data (e.g., critical areas, priority habitats and species, soils, etc.). 2. Obtain and review available as-built documentation pertaining to: a. The public right-of-way, including the roadways, culverts, and utilities. b. Private developments that contain project elements such as the stormwater conveyance networks, Big Soos Creek, or stormwater detention systems (both publicly and privately owned). 3. Obtain and review documents related to the Soos Creek Fine Sediments TMDL (where available), including: a. The Water Quality Improvement Report and Implementation Plan b. HSPF model c. Sediment data used for model calibration 4. Identify data gaps, assess whether those gaps should be filled, and propose methods of addressing such data gaps. Subtask 1.2.2 – Site Reconnaissance and Sampling 1. Conduct site reconnaissance visits for the following: a. One (1) site visit for an initial review of the project drainage features, tributary basins, wetlands, and other critical areas in the project vicinity. 116th Avenue Southeast Stormwater Improvements Page 4 of 18 2. Conduct stormwater sampling to measure flow and Total Suspended Solids (TSS) at select locations. Stormwater sampling will be conducted via sampling probes at each sample location. a. Stormwater sampling will be conducted using data logger probes or meters. TSS sampling will be conducted using a turbidity probe and will be calibrated to compute TSS concentrations based on 1 grab sample for each sampling location. b. Sampling locations will include: i. Outfall #OUT-847 (per CORMAPS) to Big Soos Creek on west side of 116th Ave SE. ii. Catch Basin #135572 (per CORMAPS), located on the east side of 116 th Ave SE at Big Soos Creek. iii. Outfall #OUT-0002 (per CORMAPS), located on the south side of SE 168th St at Big Soos Creek. c. Two (2) Consultant staff will visit the sampling locations a total of two (2) times to collect grab samples for TSS calibration, to monitor the installation and removal the turbidity probes by the equipment vendor, and to collect the data from the sampling equipment. Assumptions 1. Tetra Tech shall be entitled to rely upon any information, data and documentation concerning the Project provided to it by the City or other parties, obtained from the City’s GIS database, or that is generally available, as well as any statements and representations made by the City concerning the Project or the Services. In relying on such information, Tetra Tech shall have no obligation to investigate or independently verify the accuracy, timeliness, or completeness of such information. 2. The City will provide the Consultant with GIS data (shapefiles, geotiffs, etc.) from CORMAPS upon request by the Consultant. 3. The City will secure Rights-of-Entry where access to private property is necessary. Work on private property will not be performed without Rights-of-Entry. 4. Traffic control measures will not be necessary to support Consultant field work activities. The Consultant will exercise professional judgement regarding site safety, and will not perform field work activities at a site deemed to be unsafe. 5. The Consultant will not need special certifications, such as OSHA Confined Space, to conduct the field work activities. 6. The City will review draft deliverables and provide a single set of review comments and edits. Conflicting and ambiguous comments between City reviewers will be resolved prior to submitting to the Consultant. 116th Avenue Southeast Stormwater Improvements Page 5 of 18 Deliverables 1.A draft and final technical memorandum summarizing the results of the data review, submitted electronically as a Portable Document Format (PDF). The memorandum will also document data gaps and potential collection activities. 2. Sampling summaries, including raw data, field logs, and computations. TASK 1.3 – PRELIMINARY SURVEY The Consultant will provide topographical data collection to support the Phase 1 analysis and design effort. Boundary line surveys, bathymetric surveys, and storm sewer inventory surveys are not included in the Phase 1 scope, but are anticipated for Phase 2 (design), depending on the results of the Phase 1 alternatives analysis. The approach will involve a mobile mapping system comprised of lidar and imagery sensors to support the planning and analysis activities associated with Phase 1 by providing the Consultant a desktop accessible lidar and panoramic imagery set. The advantage of using this approach means data will be collected at the posted speeds of the roadways that will not impede traffic or create any lane closures. The Consultant’s work will include the following: Establish survey control for the project that will be used for data collection and planimetric data extraction efforts. This work includes the setting of six (6) survey control / mobile mapping targets. The Consultant will use Trimble GNSS/GPS and conventional survey methods to establish the control values: a.The Consultant will establish on-site survey control that will be used as the basis of this project. Control will be derived from Washington State Reference Network, NAD83 (2011), and NAVD88 datums, based upon Washington State Plane Coordinate System – North. b.The set of control targets will consist of a 2’x2’ square painted white, with a mag nail set in the center of the square. c. The Consultant will use Trimble GNSS to establish coordinate values on each of the six (6) designated control points. d.The Consultant will use Trimble DiNi digital level to establish elevations across the control points. e.Units shall be the International Foot as established in 58.20.185 RCW. 2.Perform field surveying. The Consultant will use vehicle-mounted terrestrial lidar and imagery to scan public right-of-way corridors within the area shown in Figure 1. Panoramic imagery will be collected in 15-foot intervals traveling down the roadway. The right-of-way corridors to be scanned may include, but are not limited to: Priority Corridors: a. 116 th Avenue Southeast b. 117 th Avenue Southeast c.118th Avenue Southeast d. Southeast 168th Street e. Southeast 170th Street f.Southeast Petrovitsky Road Secondary Corridors: a. 113 th Avenue Southeast b. 114 th Avenue Southeast c.114th Lane Southeast d. 120 th Avenue Southeast e. Southeast 169th Street f. Southeast 171st Street g. Southeast 171st Place h. Southeast 175th Street 116th Avenue Southeast Stormwater Improvements Page 6 of 18 3.Perform office processing and raw lidar data extraction. The Consultant will post process the datasets to the survey control to produce georeferenced lidar and imagery datasets. 4.Extract survey data to develop survey basemap to support 30% design (Task 1.6). a.Perform office processing and data extraction to develop a survey basemap. The survey basemap will include typical road features such as the road crown, gutter lines, flow lines, curb top and back, back of sidewalk, etc. The survey basemap will also include road paint lines and above ground appurtenances such as junction boxes, utility poles, and street signs, and building corners where a line-of-sight from the roadway exists. b.Perform office processing and data extraction to develop a 3D terrain model. The 3D terrain model will be supplemented with 2021 King County LiDAR terrain. c. Integrate City GIS data obtained under Task 1.2 into the survey basemap. Such data may include underground utilities, overhead utilities, and critical areas mapping. 116th Avenue Southeast Stormwater Improvements Page 7 of 18 Figure 1. Approximate Mobile Scanning Area 116th Avenue Southeast Stormwater Improvements Page 8 of 18 Assumptions 1. Field surveying efforts are limited to one (1) day of data collection. Priority corridors will be surveyed before secondary corridors. It is possible that not all corridors will be surveyed during the one day of data collection. 2. The City will review draft deliverables and provide a single set of review comments and edits. Conflicting and ambiguous comments between City reviewers will be resolved prior to submitting to the Consultant. 3. Boundary line surveys will occur under Phase 2 once an alternative for design has been selected. 4. Health, safety, and security are the priority. The Consultant will not proceed if conditions are deemed unhealthy, unsafe, or not secure from harm of any type. Where unsafe conditions are found, the Consultant will notify the City to resolve them. 5. The Consultant is not responsible for any delays due to conditions outside of the Consultant’s control. 6. Permits will not be required for the Consultant’s efforts. The City will provide access to the survey area and will acquire all necessary right-of-entry access. 7. GIS from the City for utilities and/or other information will be provided to the Consultant or obtained by the Consultant from public sources. The Consultant will reasonably rely on data provided by the City and will have no obligation to investigate or independently verify the accuracy or completeness of such information 8. Underground Conductible Utility Locates and Surveying are not part of this scope except as noted. 9. Confined space entry will not be required. 10. Traffic control will not be required. 11. The Consultant will provide the City with three (3) days’ advance notice for being on site to perform the survey. The Consultant will only proceed after receiving written (email) authorization from the City. 12. Survey basemap for 30% design will be approximate and will not utilize surveyed control. Title reports will not be reviewed at this stage. Right-of-way lines, property lines, encumbrances (such as easements) will not be resolved at this stage. 13. The survey basemap developed to support the 30% design task assumes that the basemap will be developed exclusively along 116th Avenue Southeast between Southeast 168th Street and Southeast Petrovisky Road. Basemap development on other roads or within private property are excluded from this scope of work unless the contract is amended accordingly. 14. A 3D laser scanner that’s used in mobile mapping is a line-of-sight optical instrument. It is possible that some objects closer to the scanner will block it from scanning other objects further away, and therefore, these objects or areas may not be shown in the point cloud and may be omitted in our deliverables. Other sources of error can be caused due to site accessibility, onsite interferences and obscurities, or areas with high or low reflectivity or refractivity (e.g., glass, stainless steel, high gloss paints, wet or dark surfaces). Our experience in scanning will help us reduce the data lost for these reasons, but omissions are always a possibility, depending on the real conditions at the time the scans are collected. Examples of potential obstructions given the nature of this site may include, but are not limited to, parked and moving vehicles, bridge decks and rails, brush, trees, pedestrians, tall grasses, low hanging canopy, buildings, barriers, etc. 116th Avenue Southeast Stormwater Improvements Page 9 of 18 15. 3D modeling is necessarily less accurate than the point cloud. Models do not connect every point collected by our scanners, and thus, true as-built information is omitted. Also, best-fit curves, truly vertical/horizontal line work, and modeling families may be used to reduce the scope and expense of the project, which will only approximate the location of certain features. For example, walls, ceilings, and floors could be modeled as one planar surface, losing natural bowing or differences in angles to other features. Similarly, deflections and bowing in piping runs may not be shown in the model. Although the typical accuracy of the model is within approximately one-half to one inch (½”-1”), these limitations could cause features to be modeled with much less accurately or omitted altogether in certain areas. 16. Every reasonable effort will be made by the Consultant to complete this survey in the time requested. However, if adverse conditions (such as major scope changes, delays in receiving title documents or right-of-way plans, or restricted access to adjacent parcels) are found to exist, then the time of delivery may be exceeded. 17. It is assumed that free and unencumbered access will be granted to the Consultant during the duration of this survey. 18. Health, Safety, and Security are priorities. The Consultant will not proceed if the conditions are deemed unhealthy, unsafe, or not secure from harm of any type. 19. Survey control will be prepared under the supervision and seal of a professional land surveyor licensed in the State of Washington. Deliverables 1. Access to online data viewing portal, where the City will be able to view the point cloud data and street view imagery. 2. Survey Basemap, as Autodesk Civil 3D DWG file, compatible with Civil 3D version 2018 and newer. The file will be georeferenced to the NAD83 (2011) horizontal datum. 3. 3D terrain model, as GIS raster file and as Autodesk Civil 3D DWG file. 4. List of six (6) control point coordinates in .CSV (PNEZD) format. 116th Avenue Southeast Stormwater Improvements Page 10 of 18 TASK 1.4 – HYDROLOGIC EVALUATION The Consultant will provide a hydrologic evaluation of existing conditions to support the development and evaluation of conceptual designs. The Consultant will provide the following services: 1. Delineate major tributary basins to key locations: a. Up to nine (9) stormwater outfalls to Big Soos Creek between SE 168th Street and 116th Ave SE. b. 116th Ave SE at Big Soos Creek (North, South, and West) c. 117th Ave SE at Big Soos Creek (North, South, and West) d. 118th Ave SE at Big Soos Creek (North, South, and West) e. Outfall #OUT-0163, located on the south side of SE Petrovitsky Road at Big Soos Creek. 2. Assess existing conditions of the drainage basin to determine inputs for the hydrologic model. 3. Develop a continuous simulation hydrologic model using the Western Washington Hydrology Model (WWHM) for the drainage basin that will be used to compute Water Quality Design Flows, compute peak flows by return period, perform stream simulation analysis, and evaluate LID BMP performance. The model will represent the following: a. Existing hydrologic conditions, including attenuation of runoff due to engineered or naturally occurring ponds, lakes, or other detention facilities. b. Existing hydrologic conditions as A above and including conceptual design elements for project alternatives. c. Existing hydrologic conditions without engineered mitigation measures to ensure that runoff estimates are sufficiently conservative. d. Existing hydrologic conditions as C above and including conceptual design elements for project alternatives. 4. Review basins, drainage network, and maintenance practices to identify expected “hotspot” locations where sediment accumulation is expected to occur. 5. Develop a Stormwater Technical Memorandum documenting the methodology and findings of the above work items. Assumptions 1. WWHM is appropriate for the project study area. The WWHM has been vetted and is approved for use in City of Renton Surface Water Design Manual. Tetra Tech will not be responsible for calibrating or validating the model. 2. Hydrologic model soil inputs will be determined via the NRCS Soil Survey. Hydrologic model slope inputs will be derived from LiDAR topographic data as defined in Task 1.3. 3. The analysis of stormwater treatment BMPs will follow the methodologies documented in the City’s Surface Water Design Manual, in WA Ecology’s Stormwater Management Manual for Western Washington, and WA Ecology’s General Use Level Designation for emerging technologies, as applicable. Deliverables 1. Draft and Final Stormwater Technical Memorandum, delivered electronically as a PDF. 116th Avenue Southeast Stormwater Improvements Page 11 of 18 2. Modeling files upon request. TASK 1.5 – ALTERNATIVES ANALYSIS The Consultant will identify a range of potential options for conceptual design and participate in a workshop with the City to discuss design concepts that meet project goals. The Consultant will develop project alternatives and complete an evaluation of the alternatives. The Consultant will provide the following services: 1. Develop screening criteria to be used for development and evaluation of alternatives. Record information in the form of an evaluation matrix table. Screening criteria will be developed with input from the City and may include the following: a. Design complexity and constructability. b. Permit complexity. c. Implementation cost and schedule. d. Regulatory issues and constraints. e. Project risk and design resiliency and uncertainty. f. Maintenance and operations complexity and cost, including lifecycle cost. g. Property interests, public relations, and neighborhood impacts. h. Agency preferences. 2. Identify a range of potential design options and develop project concept design alternatives. Options may include a distributed network of small BMPs, one or more regional facilities, or a combination of the two. The options will also consider constraining BMPs to new BMPs within the City right-of-way along with acquiring existing, privately owned BMPs for public use. Lastly, the options will include the no-action alternative as a baseline for comparison. Up to four (4) distinct project alternatives, including the no-action alternative, will be developed. 3. Review likely permit pathways and durations for each alternative and document in a permitting matrix. 4. Prepare preliminary graphical representations of each alternative, including a site plan and location map. Graphical representations will be developed as hand sketches (either via pen/paper or via PDF annotations) or GIS shapefiles. 5. Prepare planning-level cost estimations for each alternative. Costs will be developed sufficiently such that the cost estimate reflects anticipated actual construction costs with a construction contingency to be determined by agreement between the Consultant and the City. 6. Lead one (1) two-hour (2 hour) virtual workshop with the City to review the alternatives, evaluation criteria, and alternative ranking. A preferred alternative will be selected during this workshop. 7. Develop an Alternatives Analysis Technical Memorandum, including graphics, summarizing the methods and outcomes of the alternatives development process, detailed descriptions of the alternatives, evaluation of design issues, intended function, and probable construction costs. The memorandum will also identify technical data gaps and additional technical studies and summarize outstanding data needs. Assumptions 1. The Consultant will facilitate the virtual workshop via Microsoft Teams. The Consultant will prepare the agenda for and take notes at the virtual workshop meeting and alternative development technical workshop. 116th Avenue Southeast Stormwater Improvements Page 12 of 18 2. The City will review draft deliverables and provide a single set of review comments and edits. Conflicting and ambiguous comments between City reviewers will be resolved prior to submitting to the Consultant. 3. In providing opinions of cost, financial analyses, economic feasibility projections, for the project, Tetra Tech has no control over cost or price of labor and materials; unknown or latent conditions of existing equipment or structures that may affect operation or maintenance costs; competitive bidding procedures and market conditions; time or quality of performance by operating personnel or third parties; and other economic and operational factors that may materially affect the ultimate project cost or schedule. Therefore, Tetra Tech makes no warranty that Client's actual project costs, financial aspects, economic feasibility, will not vary from Tetra Tech’s opinions, analyses, projections, or estimates. Deliverables 1. A draft exhibit of each concept alternative, delivered electronically as PDF documents. 2. Meeting notes for the virtual workshop, delivered electronically as an email. 3. Draft and Final Alternatives Technical Memorandum. TASK 1.6 – THIRTY PERCENT (30%) DESIGN OF 116TH AVENUE SOUTHEAST STORMWATER IMPROVEMENTS The Consultant will prepare 30% design engineering plans and an estimate of probable cost for the 116th Avenue Southeast Stormwater improvements using accepted engineering practices and City of Renton engineering guidance and standards. The drawing list is described in Table 1. Plan set scales will be selected based on using full size drawings for construction (22-inch by 34-inch paper). The Consultant will submit a 30% design package to the City for initial review and comment and will incorporate City comments into the 60% design package under a future contract amendment. Work elements for this task include: 1. Prepare 30% design plans representing the Type, Size, and Location (TS&L) of the preferred design alternative, stormwater conveyance profiles, and typical Water Quality BMP details. 2. Prepare a 30% estimate of construction cost. 3. Identify utility conflicts and potential utility conflicts. 4. Identify areas where temporary easements, permanent easements, or right-of-way acquisition will be necessary to accomplish the project. 5. Identify up to three (3) variances to City of Renton design standards necessary to accomplish the project. 116th Avenue Southeast Stormwater Improvements Page 13 of 18 Table 1. Preliminary Drawing Sheet List SHEET NAME SCALE NO. OF SHEETS 30% DESIGN ANTICIPATED FUTURE DESIGNA (NOT INCLUDED IN THIS CONTRACT) Cover Sheet and Sheet Index 1 1 Legend and Abbreviations 1 1 General Notes 1 1 Existing Conditions (Basemap) 1” = 100’ 1 1 Construction Access Plan 1” = 100’ - 1 Site Preparation and TESC Plan 1” = 20’ - 3 Site Preparation and TESC Details -1 Stormwater Drainage Plan and Profile 1” = 20’ 6 6 Stormwater Quality BMP – Typical Details 1 1 Stormwater Quality BMP – Grading Details -5B Standard Details - 3 Traffic Control Plan and Details 1” = 1000’ - 1 Total 11 25 A60%, 90%, 100%, and Final Design efforts will occur under a future amendment to this contract. BActual quantity of BMPs is unknown. Number of sheets is assumed. Assumptions 1.The 30% design task assumes that the preferred alternative identified in Task 1.7 will be a network of distributed stormwater BMPs exclusively along 116th Avenue Southeast between Southeast 168th Street and Southeast Petrovisky Road. Distributed stormwater treatment facilities on other roads or within private property, and regional facilities, are excluded from this scope of work unless the contract is amended accordingly. 2.All stormwater BMPs will are assumed to meet the following criteria: o Filter cartridge technology certified for General Use Level Designation (GULD) for Basic treatment by the Washington State Department of Ecology. o Separate infiltration and/or facilities will not be used. o All stormwater BMPs will be “off-the-shelf” designs; no custom configurations or special detailing will be necessary. 116th Avenue Southeast Stormwater Improvements Page 14 of 18 3. Construction specifications according to WSDOT Standard Specifications for Road, Bridge, and Municipal Construction, 2026 Edition, or most current edition. 4. Standard drainage details according to, in order of priority, (1) City of Renton Standard Details and (2) WSDOT Standard Plans. 5. Stormwater infrastructure designed according to, in order of priority, (1) the City of Renton 2022 Surface Water Design Manual (SWDM) and (2) the Washington State Department of Ecology (Ecology) 2024 Stormwater Management Manual for Western Washington (SWMMWW). 6. Design submittals will be prepared using Autodesk Civil 3D 2025 or other version compatible with the 2018 (current) DWG filetype. 7. The City will provide the Consultant with documentation of City CAD standards, Civil 3D template files, title blocks, logos, and other CAD documents conforming to City standards. 8. Project data will be expressed relative to the Washington State Plane (North Zone) NAD83 horizontal coordinate system and the NAVD88 vertical datum. 9. The City will review draft deliverables and provide a single set of review comments and edits. Conflicting and ambiguous comments between City reviewers will be resolved prior to submitting to the Consultant. 10. In providing opinions of cost, financial analyses, economic feasibility projections, for the project, Tetra Tech has no control over cost or price of labor and materials; unknown or latent conditions of existing equipment or structures that may affect operation or maintenance costs; competitive bidding procedures and market conditions; time or quality of performance by operating personnel or third parties; and other economic and operational factors that may materially affect the ultimate project cost or schedule. Therefore, Tetra Tech makes no warranty that Client's actual project costs, financial aspects, economic feasibility, will not vary from Tetra Tech’s opinions, analyses, projections, or estimates. Deliverables 1. 30% Plans, delivered electronically as a PDF. 2. 30% Cost Estimate, delivered electronically as a PDF. 3. List of utility conflicts, including corresponding plan set sheet number, delivered electronically as a MS Word document. 4. Location and size (in square feet) of each easement or right-of-way acquisition, delivered electronically as a MS Excel document. 5. List of variances to City of Renton design standards, delivered electronically as a MS Word document. TASK 1.7 – PERMIT PATHWAY REVIEW Following the completion of Task 1.7 and the selection of a preferred alternative, the Consultant will review necessary and/or anticipated permit requirements for the project design and will incorporate the permit requirements into the project design constraints. The preparation of permit application materials will occur under a future amendment to this contract. The Consultant will provide the following services: 1. Coordinate with the City to identify local permits that are applicable to this project. 2. Conduct one (1) pre-application or informational meeting with City permitting department to review the project, confirm permitting approach and design requirements, and identify additional permits and beneficial permitting strategies. 116th Avenue Southeast Stormwater Improvements Page 15 of 18 3. Update the permit matrix developed in Task 1.7 and the project schedule to reflect the detailed permit evaluation. Assumptions 1. Federal, State, and County permits will not apply to this project. 2. Permit applications will occur under a future contract amendment. 3. The pre-application meeting will be attended by up to two (2) Tetra Tech staff, including the project manager. The meeting will last up to one (1) hour. Tetra Tech will facilitate the meeting, prepare the meeting agenda, and prepare meeting notes. Deliverables 1. Pre-application meeting agenda and notes. 2. Updated permit matrix. 3. Updated project schedule. TASK 1.8 – ADDITIONAL, UNANTICIPATED, URGENT, OR SPECIAL SERVICES This task includes unanticipated services that are time sensitive and crucial to maintaining the project schedule and progress work. Work performed under this task will not exceed 50 hours and will require specific, prior written authorization from the City. Written authorization may be granted only after the Consultant submits both a written scope and costs for the additional work, which is reviewed and specifically negotiated by the City. Assumptions 1. The Consultant may plan for the following to address this Task – Up to 50 hours of Project Management, Engineering, Project Control, or Administrative services. Deliverables 1. Reports, estimates, drawings, special inspections, field services, public outreach, and documentation as appropriate. 116th Avenue Southeast Stormwater Improvements Page 16 of 18 ATTACHMENT A. Tetra Tech Assumptions for BMP’s Stormwater Assumptions – O&M 1. Proper maintenance is necessary for Stormwater Best Management Practices (BMPs) to be effective at removing pollutants and reducing runoff volumes as well as peak flow rates for the long term. Specific maintenance tasks and frequencies may vary based on land use and changes in activities in the watershed, including increased sediment and trash loads. Increased sediment and trash loads beyond those predicted through accepted modeling practices will impact overall performance and may require adjustments to the project after completion of construction. Tetra Tech will develop an Operations and Maintenance (O&M) manual, as part of the final design in Phase 2, specifically concerning the elements of the BMP(s). Recommendations for maintenance tasks and frequencies will be based on current maintenance practices derived from similar BMPs, manufacturer guidelines for proprietary BMPs, lessons learned during project initiation, and current maintenance protocols. Tetra Tech is not responsible for variations in the maintenance tasks and frequencies required for proprietary BMPs or caused by changes in the watershed characteristics and conditions, including sediment and trash loading. Stormwater Assumptions – Adaptive Management 1. Changes in the watershed, including an increase or decrease in flow or changes in pollutant loads, can impact the performance of the BMP and the ability to meet regulatory requirements. Tetra Tech is aware that performance of similar BMP systems has varied based on changes in the watershed including turbidity, volumes, filter water elevation, sediment capture, and storm size. Tetra Tech expects the performance of this system to vary, and an adaptive management maintenance program will be required. System bypasses will be designed to prevent flow diversions into the system under specific conditions when performance of the BMP is impacted. During times of diversion, pollutant loading will not be reduced in the main channel and the ability to meet regulatory targets will be impaired. Tetra Tech will engage with the City to refine the future O&M manual update process and discuss preliminary maintenance recommendations, recognizing that maintenance needs may vary significantly based on storm events (intensity and quantity), watershed characteristics, and system performance. The O&M manual will be reviewed and updated every 1-2 years, or as necessitated by operations and maintenance staff, consultants, or by Tetra Tech under a subsequent task order. Stormwater Assumptions – Vegetation for Stabilization 1. Vegetation in a BMP, particularly wetland species, can be sensitive to changes in hydrologic regime such that one or two inches of deviation in ponding depth can influence whether a species survives or dies. A diverse variety of vegetation, suited to the conditions in the BMP, is recommended to maximize vegetation survival and establishment. Mature vegetation may vary from the initial planting plan based in the conditions in the BMP. The densities recommended in the planting plan are critical for BMP function; however, the species of vegetation may vary. Standard of Care 1. Work will be completed in conformance with the services provided by an experienced and competent professional engineering organization rendering similar services under similar circumstances and in a similar vicinity 116th Avenue Southeast Stormwater Improvements Page 17 of 18 ATTACHMENT B. Tetra Tech Assumptions for Design Phases Civil Engineering Design is often presented in 30%, 60%, 90%, and 100% milestones, which are intended to represent the approximate level of completion of the project design. However, these phases are usually poorly defined and assumptions regarding what work is complete at which phase are fertile ground for miscommunication, scope creep, scheduling issues, and inadequate or excessive budgeting. This attachment aims to supplement the scope of work and to define, for each phase of design, what work elements should be considered complete at each phase, where future revision would be considered a scope change, and what work elements are subject to change under the succeeding design phase. THIRTY PERCENT (30%) DESIGN 30% Design aims to complete field work and base mapping, and to define major project elements, types, sizes, and locations. Project impacts, easement needs, utility conflicts, and other design considerations are identified in this stage. However, the specific details of the project elements and conflict resolutions are not defined at this stage. After the completion of 30% Design, the following elements will be considered “fixed” as future design progression will depend on these elements: Basis of Design x All existing conditions data collection efforts (topographic, planimetric, and boundary line) are complete and basemap. x All other field work (including geotechnical investigations) are complete unless specifically scoped as an ongoing task. x Design criteria and technical reference documents. x List of analytic methods, models, and other necessary software. Engineering Analysis x Hydrologic model inputs are complete and preliminary modeling is complete. Any subsequent modeling will be done only to confirm the performance of specific designs. x Stormwater BMP Type, Size, and Location (TS&L) analyses are complete, including the use of proprietary, GULD-certified BMPs. x Stormwater conveyance calculations. x Utility conflicts, relocation needs, and responsible parties have been identified, but not resolved. Engineering Drawings x Client CAD standards (including title block, borders, logos, contact information, linetypes and symbology, printed appearance, etc.) have been incorporated and confirmed as correct by Client. x For sheets developed at 30% design: sheet layouts and viewport extents and confirmed. x The existing conditions basemap is complete, including the following: o Topographic data, survey datums, and survey control o Boundary line information as applicable, including Right-of-Way lines, property lines, and existing easement lines. o Planimetric data including existing buildings, roadway geometry (curbs, flow lines, crown, etc.) and paint striping, utility poles and pedestals, landscaping features, etc. o Horizontal position (overhead and underground) and vertical position (underground only) of existing utilities. 116th Avenue Southeast Stormwater Improvements Page 18 of 18 o Critical and/or hazardous area boundaries and buffers relevant such as wetlands, ordinary high-water lines, aquifer recharge zones, steep slopes, etc. o Location of field explorations (if surveyed) such as geotechnical test pipes, boring locations, or monitoring wells. x Major design features are complete, including the following: o Preliminary site grading o The location and orientation of stormwater BMPs and drainage conveyance infrastructure. o The extents of pavement and sidewalk restoration, repair, or replacement. o Necessary standard and special details are identified. o Utility conflicts are shown horizontally. Vertical conflicts are shown if sufficient information is available. Construction Cost Estimate x The bid items in the cost estimate are fixed, but additional bid items are expected to be added in later design phases. Technical Specifications x Technical specifications are not developed at 30% design. Right-of-Way / Easements x The need, location, and orientation of Right-of-Way, permanent easements, and/or or temporary easements necessary for the project are identified. Permitting x The permit pathway is defined, including necessary permits, permitting agencies, and anticipated permit review times. x Permit requirements are incorporated into the project design constraints. x Pre-application or other informational meetings with permitting agencies are conducted to confirm the permit approach. Adjustments to the permit approach are made if necessary. 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