Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Contract
60$//38%/,&:25.6&2175$&7$*5((0(17 d,/^'ZDEd;ΗŐƌĞĞŵĞŶƚΗͿŝƐŵĂĚĞĂƐŽĨƚŚĞĚĂLJŽĨ͕ϮϬϮϯ͕ ;ƚŚĞΗĨĨĞĐƚŝǀĞ ĂƚĞΗͿďLJĂŶĚďĞƚǁĞĞŶƚŚĞŝƚLJŽĨZĞŶƚŽŶ͕ĂŶŽŶͲĐŚĂƌƚĞƌĐŽĚĞĐŝƚLJƵŶĚĞƌZtϯϱ͕ĂŶĚ Ă tĂƐŚŝŶŐƚŽŶŵƵŶŝĐŝƉĂů͕ĐŽƌƉŽƌĂƚŝŽŶ;ΗŝƚLJΗͿ͕WƵďůŝĐtŽƌŬƐͲ&ĂĐŝůŝƚŝĞƐĞƉĂƌƚŵĞŶƚĂŶĚ>ĂƵŶĐŚWĂĚ dĞĐŚŶŽůŽŐŝĞƐ;ŶƚƌĂŶĐĞŽŶƚƌŽůƐͿ͕;ΗŽŶƚƌĂĐƚŽƌΗͿ͕ĂtĂƐŚŝŶŐƚŽŶ/EǁŚŽĂƌĞĐŽůůĞĐƚŝǀĞůLJ ƌĞĨĞƌƌĞĚƚŽĂƐƚŚĞΗWĂƌƚŝĞƐΗ͕/ŶƐƚĂůůĂƚŝŽŶŽĨϮϯ ĂƌĚĐĐĞƐƐŽŽƌƐLJƐƚĞŵƐĂŶĚ ĂƐƐŽĐŝĂƚĞĚ ĞƋƵŝƉŵĞŶƚĂƚŝƚLJ,Ăůů ;ϭϬϱϱ^ŽƵƚŚ'ƌĂĚLJtĂLJ͕ ZĞŶƚŽŶtϵϴϬϱϳͿĂŶĚWƵďůŝĐtŽƌŬƐ;ϯϱϱϱ E ϮŶĚ^ƚƌĞĞƚ͕ZĞŶƚŽŶtϵϴϬϱϳͿ͘ŝƚLJĂŶĚ ŽŶƚƌĂĐƚŽƌĂŐƌĞĞĂƐ ƐĞƚĨŽƌƚŚďĞůŽǁ͘ ϭ͘^ĐŽƉĞŽĨtŽƌŬ͗ŽŶƚƌĂĐƚŽƌǁŝůů ƉƌŽǀŝĚĞĂůůŵĂƚĞƌŝĂů ĂŶĚ ůĂďŽƌŶĞĐĞƐƐĂƌLJƚŽƉĞƌĨŽƌŵĂůů ǁŽƌŬ ĚĞƐĐƌŝďĞĚ ŝŶ ƚŚĞ ^ĐŽƉĞ ŽĨtŽƌŬǁŚŝĐŚ ŝƐ ĂƚƚĂĐŚĞĚ ĂŶĚ ĨƵůůLJŝŶĐŽƌƉŽƌĂƚĞĚ ŝŶƚŽƚŚŝƐ ŐƌĞĞŵĞŶƚďLJƌĞĨĞƌĞŶĐĞĂƐƚƚĂĐŚŵĞŶƚΗ͘Η Ϯ͘ ŚĂŶŐĞƐŝŶ^ĐŽƉĞŽĨtŽƌŬ͗ŝƚLJ͕ǁŝƚŚŽƵƚŝŶǀĂůŝĚĂƚŝŶŐƚŚŝƐŐƌĞĞŵĞŶƚ͕ŵĂLJŽƌĚĞƌĐŚĂŶŐĞƐ ƚŽƚŚĞ^ĐŽƉĞŽĨtŽƌŬĐŽŶƐŝƐƚŝŶŐŽĨĂĚĚŝƚŝŽŶƐ͕ĚĞůĞƚŝŽŶƐŽƌ ŵŽĚŝĨŝĐĂƚŝŽŶƐ͕ƚŚĞŐƌĞĞŵĞŶƚ ^ƵŵďĞŝŶŐĂĚũƵƐƚĞĚĂĐĐŽƌĚŝŶŐůLJďLJ WĂƌƚŝĞƐŵƵƚƵĂůĂŐƌĞĞŵĞŶƚ͘ ^ƵĐŚĐŚĂŶŐĞƐŝŶƚŚĞǁŽƌŬ ƐŚĂůůďĞ ĂƵƚŚŽƌŝnjĞĚďLJǁƌŝƚƚĞŶŚĂŶŐĞKƌĚĞƌŽƌŵĞŶĚŵĞŶƚƐŝŐŶĞĚďLJƚŚĞWĂƌƚŝĞƐ͘ ϯ͘dŝŵĞŽĨWĞƌĨŽƌŵĂŶĐĞ͗ŽŶƚƌĂĐƚŽƌƐŚĂůůĐŽŵŵĞŶĐĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞŐƌĞĞŵĞŶƚŶŽ ůĂƚĞƌ ƚŚĂŶ;ϭϮϬĚĂLJƐͿĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƚŚĞŐƌĞĞŵĞŶƚΖƐĨĨĞĐƚŝǀĞĂƚĞ͘ ϰ͘dĞƌŵŽĨŐƌĞĞŵĞŶƚ͗dŚĞdĞƌŵŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůĞŶĚĂƚĐŽŵƉůĞƚŝŽŶŽĨƚŚĞ^ĐŽƉĞŽĨ tŽƌŬ͕ŶŽůĂƚĞƌƚŚĂŶϭϮϬĚĂLJƐĨƌŽŵƚŚĞĨĨĞĐƚŝǀĞĂƚĞŽƌŽŶͲͲͲͲͲϮϯͺ͘;WŝĐŬ ŽŶĞͿ dŚŝƐŐƌĞĞŵĞŶƚŵĂLJ ďĞĞdžƚĞŶĚĞĚ ƚŽ ĂĐĐŽŵƉůŝƐŚĐŚĂŶŐĞ ŽƌĚĞƌƐ͕ ŝĨƌĞƋƵŝƌĞĚ͕ƵƉŽŶ ŵƵƚƵĂůǁƌŝƚƚĞŶĂŐƌĞĞŵĞŶƚŽĨŝƚLJĂŶĚ ŽŶƚƌĂĐƚŽƌ͘ ϱ͘ŐƌĞĞŵĞŶƚ^Ƶŵ͗dŚĞƚŽƚĂůĂŵŽƵŶƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝƐƚŚĞƐƵŵ ŽĨ;Ψϭϯϱ͕ϬϬϲ͘ϬϯͿǁŚŝĐŚ ŝŶĐůƵĚĞƐtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞ^ĂůĞƐdĂdž͘ dŚŝƐĂŵŽƵŶƚŵĂLJďĞ ĂĚũƵƐƚĞĚƚŽ ĂŵƵƚƵĂůůLJĂŐƌĞĞĚ ĂŵŽƵŶƚďĂƐĞĚŽŶ ĐŚĂŶŐĞƐƚŽƚŚĞ^ĐŽƉĞŽĨtŽƌŬ͘ ϲ͘ ŽŶƐŝĚĞƌĂƚŝŽŶ͗/Ŷ ĞdžĐŚĂŶŐĞĨŽƌŽŶƚƌĂĐƚŽƌΖƐƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞŝƚĞŵƐĂŶĚƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐ ŝĚĞŶƚŝĨŝĞĚŝŶ ƚŚĞ^ĐŽƉĞŽĨtŽƌŬ͕ŝƚLJĂŐƌĞĞƐƚŽŵĂŬĞƉĂLJŵĞŶƚŽĨƚŚĞĂŵŽƵŶƚŝĚĞŶƚŝĨŝĞĚĂƐ ƚŚĞŐƌĞĞŵĞŶƚ^Ƶŵ͘ ϳ͘ WƌĞǀĂŝůŝŶŐtĂŐĞͬDĞƚŚŽĚŽĨWĂLJŵĞŶƚͬZĞƚĂŝŶĂŐĞͬŽŶĚŝŶŐ͗WĂLJŵĞŶƚďLJƚŚĞŝƚLJĨŽƌƚŚĞ tŽƌŬǁŝůů ŽŶůLJďĞ ŵĂĚĞ ĂĨƚĞƌƚŚĞtŽƌŬŚĂƐ ďĞĞŶ ƉĞƌĨŽƌŵĞĚ ĂŶĚ ĂǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞŝƐ ƐƵďŵŝƚƚĞĚŝŶ ĂĨŽƌŵĂĐĐĞƉƚĂďůĞƚŽƚŚĞŝƚLJ͘ CAG-23-126 5th April $ % WƌĞǀĂŝůŝŶŐtĂŐĞZĂƚĞƐ͗ ŽŶƚƌĂĐƚŽƌŵƵƐƚĐŽŵƉůLJǁŝƚŚƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶƉƌĞǀĂŝůŝŶŐǁĂŐĞ ƌĞƋƵŝƌĞŵĞŶƚƐ͘ ŽŶƚƌĂĐƚŽƌŵƵƐƚĨŝůĞĂŶ /ŶƚĞŶƚdŽWĂLJWƌĞǀĂŝůŝŶŐtĂŐĞĂƚƚŚĞ ďĞŐŝŶŶŝŶŐŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĂŶĨĨŝĚĂǀŝƚŽĨtĂŐĞƐWĂŝĚ ĂƚƚŚĞĞŶĚŽĨƚŚĞƉƌŽũĞĐƚ ǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞĞƉĂƌƚŵĞŶƚŽĨ>ĂďŽƌĂŶĚ /ŶĚƵƐƚƌŝĞƐ͘ dŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶƉƌĞǀĂŝůŝŶŐǁĂŐĞƌĂƚĞƐĂƉƉůŝĐĂďůĞĨŽƌƚŚŝƐƉƌŽũĞĐƚ͕ǁŚŝĐŚŝƐ ůŽĐĂƚĞĚŝŶ <ŝŶŐŽƵŶƚLJ͕ŵĂLJďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďƐŝƚĞĂĚĚƌĞƐƐŽĨƚŚĞ ĞƉĂƌƚŵĞŶƚŽĨ>ĂďŽƌĂŶĚ /ŶĚƵƐƚƌŝĞƐ͗ ŚƚƚƉ͗ͬͬǁǁǁ͘ůŶŝ͘ǁĂ͘ŐŽǀͬdƌĂĚĞƐ>ŝĐĞŶƐŝŶŐͬWƌĞǀtĂŐĞͬĚĞĨĂƵůƚ͘ĂƐƉ ŚƚƚƉ͗ͬͬǁǁǁ͘ůŶŝ͘ǁĂ͘ŐŽǀͬdƌĂĚĞƐ>ŝĐĞŶƐŝŶŐͬWƌĞǀtĂŐĞͬtĂŐĞZĂƚĞƐͬĚĞĨĂƵůƚ͘ĂƐƉ WƵƌƐƵĂŶƚƚŽtϮϵϲͲϭϮϳͲϬϭϭ͕ƚŚĞĂƉƉůŝĐĂďůĞĞĨĨĞĐƚŝǀĞĚĂƚĞĨŽƌƉƌĞǀĂŝůŝŶŐǁĂŐĞ ƌĂƚĞƐƉĂŝĚĨŽƌƚŚĞĚƵƌĂƚŝŽŶŽĨƚŚŝƐĐŽŶƚƌĂĐƚƐŚĂůůďĞƚŚĞĚĂƚĞƚŚĞĐŽŶƚƌĂĐƚŝƐ ĞdžĞĐƵƚĞĚĂƐƌĞĨůĞĐƚĞĚŝŶ ƚŚĞĨĨĞĐƚŝǀ ĞĂƚĞΗŝĚĞŶƚŝĨŝĞĚĂƚƚŚĞƚŽƉŽĨƚŚĞĨŝƌƐƚƉĂŐĞ ŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ hƉŽŶ ƌĞƋƵĞƐƚ͕ƚŚĞŝƚLJǁŝůůƉƌŽǀŝĚĞĂĐŽƉLJŽĨƚŚĞĂƉƉůŝĐĂďůĞƉƌĞǀĂŝůŝŶŐǁĂŐĞƐĨŽƌ ƚŚŝƐƉƌŽũĞĐƚ͘ůƚĞƌŶĂƚŝǀĞůLJ͕ƚŚĞƌĂƚĞƐŵĂLJďĞǀŝĞǁĞĚĂƚƚŚĞŝƚLJŽĨZĞŶƚŽŶ ŝƚLJ,Ăůů ďLJŵĂŬŝŶŐĂŶ ĂƉƉŽŝŶƚŵĞŶƚǁŝƚŚƚŚĞĐŽŶƚĂĐƚƉĞƌƐŽŶŝĚĞŶƚŝĨŝĞĚŚĞƌĞŝŶŽƌƉƌŝŽƌƚŽ ĐŽŶƚƌĂĐƚĂǁĂƌĚǁŝƚŚƚŚĞĐŽŶƚĂĐƚƉĞƌƐŽŶŝĚĞŶƚŝĨŝĞĚĂƐƚŚĞŝƚLJŽĨZĞŶƚŽŶĐŽŶƚĂĐƚŝŶ WĂƌĂŐƌĂƉŚϭϱ EŽƚŝĐĞƐŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚ͘ ZĞƚĂŝŶĂŐĞŚĞůĚďLJƚŚĞŝƚLJŽƌŝŶ ƐĐƌŽǁĐĐŽƵŶƚ͗ WƵƌƐƵĂŶƚƚŽZtŚĂƉƚĞƌϲϬ͘Ϯϴ͕ĂƐƵŵ ĞƋƵĂůƚŽĨŝǀĞƉĞƌĐĞŶƚ;ϱйͿŽĨƚŚĞŵŽŶŝĞƐ ĞĂƌŶĞĚďLJƚŚĞŽŶƚƌĂĐƚŽƌǁŝůůďĞ ƌĞƚĂŝŶĞĚĨƌŽŵ ƉĂLJŵĞŶƚƐŵĂĚĞďLJƚŚĞŝƚLJƚŽƚŚĞ ŽŶƚƌĂĐƚŽƌƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘dŚŝƐƌĞƚĂŝŶĂŐĞƐŚĂůůďĞ ƵƐĞĚĂƐ ĂƚƌƵƐƚĨƵŶĚĨŽƌƚŚĞ ƉƌŽƚĞĐƚŝŽŶĂŶĚ ƉĂLJŵĞŶƚ;ϭͿƚŽƚŚĞ^ƚĂƚĞǁŝƚŚƌĞƐƉĞĐƚƚŽƚĂdžĞƐŝŵƉŽƐĞĚƉƵƌƐƵĂŶƚ ƚŽ ZtdŝƚůĞϴϮĂŶĚ;ϮͿƚŚĞĐůĂŝŵƐŽĨĂŶLJƉĞƌƐŽŶĂƌŝƐŝŶŐƵŶĚĞƌƚŚĞŽŶƚƌĂĐƚ͘ DŽŶŝĞƐƌĞƚĂŝŶĞĚƵŶĚĞƌƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨZtŚĂƉƚĞƌϲϬ͘ϮϴƐŚĂůůďĞ͗ ŽŶƚƌĂĐƚŽƌŵƵƐƚƉŝĐŬŽŶĞŝĨĐŽŶƚƌĂĐƚŽƌĚŽĞƐŶŽƚƉŝĐŬŽŶĞƚŚĞŶƚŚĞĨŝƌƐƚŽƉƚŝŽŶ ;ƌĞƚĂŝŶĂŐĞŚĞůĚŝŶ ĂĨƵŶĚďLJƚŚĞŝƚLJͿĂƉƉůŝĞƐ͘ y ZĞƚĂŝŶĞĚŝŶ ĂĨƵŶĚďLJƚŚĞŝƚLJ͘ Žƌ ͺͺͺͺ ĞƉŽƐŝƚĞĚďLJƚŚĞŝƚLJŝŶ ĂŶ ĞƐĐƌŽǁ;ŝŶƚĞƌĞƐƚͲďĞĂƌŝŶŐͿĂĐĐŽƵŶƚŝŶ ĂďĂŶŬ͕ ŵƵƚƵĂůƐĂǀŝŶŐďĂŶŬ͕ŽƌƐĂǀŝŶŐƐĂŶĚ ůŽĂŶ ĂƐƐŽĐŝĂƚŝŽŶ;ŝŶƚĞƌĞƐƚ ŽŶ ŵŽŶŝĞƐ ƐŽ W'ϮϬ&ϭϭ ͘ ͘ ƌĞƚĂŝŶĞĚƐŚĂůůďĞ ƉĂŝĚƚŽƚŚĞŽŶƚƌĂĐƚŽƌͿ͘ĞƉŽƐŝƚƐĂƌĞƚŽďĞ ŝŶ ƚŚĞ ŶĂŵĞ ŽĨƚŚĞ ŝƚLJĂŶĚ ĂƌĞŶŽƚƚŽďĞ ĂůůŽǁĞĚƚŽ ďĞ ǁŝƚŚĚƌĂǁŶǁŝƚŚŽƵƚƚŚĞŝƚLJΖƐǁƌŝƚƚĞŶ ĂƵƚŚŽƌŝnjĂƚŝŽŶ͘dŚĞŝƚLJǁŝůůŝƐƐƵĞĂĐŚĞĐŬƌĞƉƌĞƐĞŶƚŝŶŐƚŚĞƐƵŵŽĨƚŚĞŵŽŶŝĞƐ ƌĞƐĞƌǀĞĚ͕ƉĂLJĂďůĞƚŽƚŚĞďĂŶŬŽƌƚƌƵƐƚĐŽŵƉĂŶLJ͘^ƵĐŚĐŚĞĐŬƐŚĂůůďĞ ĐŽŶǀĞƌƚĞĚ ŝŶƚŽďŽŶĚƐĂŶĚƐĞĐƵƌŝƚŝĞƐĐŚŽƐĞŶďLJƚŚĞŽŶƚƌĂĐƚŽƌĂƐƚŚĞŝŶƚĞƌĞƐƚĂĐĐƌƵĞƐ͘ ƚŽƌďĞĨŽƌĞƚŚĞƚŝŵĞƚŚĞŽŶƚƌĂĐƚŝƐ ĞdžĞĐƵƚĞĚ͕ƚŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůĚĞƐŝŐŶĂƚĞƚŚĞ ŽƉƚŝŽŶĚĞƐŝƌĞĚ͘dŚĞŽŶƚƌĂĐƚŽƌŝŶĐŚŽŽƐŝŶŐŽƉƚŝŽŶ;ϮͿĂŐƌĞĞƐƚŽĂƐƐƵŵĞĨƵůů ƌĞƐƉŽŶƐŝďŝůŝƚLJƚŽƉĂLJĂůůĐŽƐƚƐƚŚĂƚŵĂLJĂĐĐƌƵĞĨƌŽŵĞƐĐƌŽǁƐĞƌǀŝĐĞƐ͕ďƌŽŬĞƌĂŐĞ ĐŚĂƌŐĞƐŽƌďŽƚŚ͕ĂŶĚĨƵƌƚŚĞƌĂŐƌĞĞƐƚŽĂƐƐƵŵĞĂůůƌŝƐŬƐŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚĞ ŝŶǀĞƐƚŵĞŶƚŽĨƚŚĞƌĞƚĂŝŶĞĚƉĞƌĐĞŶƚĂŐĞƐŝŶ ƐĞĐƵƌŝƚŝĞƐ͘ dŚĞŝƚLJŵĂLJĂůƐŽ͕Ăƚ ŝƚƐŽƉƚŝŽŶ͕ĂĐĐĞƉƚĂďŽŶĚ ŝŶ ůŝĞƵ ŽĨƌĞƚĂŝŶĂŐĞ͘ &ŽƌŐƌĞĞŵĞŶƚƐŽǀĞƌΨϭϱϬ͕ϬϬϬ͗ WƵƌƐƵĂŶƚƚŽ Zt ϲϬ͘ϮϲĂŶĚϯϵ͘ϬϴdŚĞ ŝƚLJƌĞƋƵŝƌĞƐĂϱйZĞƚĂŝŶĂŐĞďĞǁŝƚŚŚĞůĚ ĂŶĚƚŚĂƚƚŚĞŽŶƚƌĂĐƚŽƌǁŝůůƉƌŽǀŝĚĞĂWĞƌĨŽƌŵĂŶĐĞĂŶĚ WĂLJŵĞŶƚ;ŽŶƚƌĂĐƚͿŽŶĚ ŽŶƚŚĞŝƚLJĂƉƉƌŽǀĞĚĨŽƌŵƵƉŽŶĞdžĞĐƵƚŝŽŶŽĨƚŚĞŐƌĞĞŵĞŶƚ͘WĂLJŵĞŶƚŽĨƚŚĞŝŶŝƚŝĂů ϵϱй ǁŝůů ďĞ ŵĂĚĞ ŝŶ ƚŚĞ ŶĞdžƚ ƉĂLJĐLJĐůĞŽĨƚŚĞ ZĞŶƚŽŶ &ŝŶĂŶĐĞ ĞƉĂƌƚŵĞŶƚĂĨƚĞƌ ƌĞĐĞŝƉƚŽĨƐƵĐŚ ǀŽƵĐŚĞƌŽƌ ŝŶǀŽŝĐĞ;ƉĂLJĐLJĐůĞƐĂƌĞ ďŝͲǁĞĞŬůLJͿ͘ dŚĞ ƌĞŵĂŝŶŝŶŐϱй ǁŝůů ďĞƌĞƚĂŝŶĞĚ ĨŽƌƚŚĞ ƉƵƌƉŽƐĞ ŽĨĐŽŵƉůĞƚŝŽŶ ŽĨƚŚĞ ƉƌŽũĞĐƚ ĂŶĚĨƵůĨŝůůŵĞŶƚ ŽĨ ĐůĂŝŵƐĂŶĚ ůŝĞŶƐ͘ &ŽƌŐƌĞĞŵĞŶƚƐƵŶĚĞƌΨϭϱϬ͕ϬϬϬ WƵƌƐƵĂŶƚƚŽ Zt ϲϬ͘Ϯϲ ĂŶĚ ϯϵ͘ϬϴƚŚĞŝƚLJƌĞƋƵŝƌĞƐ ĂϱйZĞƚĂŝŶĂŐĞ ďĞ ǁŝƚŚŚĞůĚ ĂŶĚƚŚĂƚƚŚĞŽŶƚƌĂĐƚŽƌǁŝůůƉƌŽǀŝĚĞĞŝƚŚĞƌĂWĞƌĨŽƌŵĂŶĐĞĂŶĚ WĂLJŵĞŶƚ;ŽŶƚƌĂĐƚͿ ŽŶĚŽŶ ƚŚĞ ŝƚLJĂƉƉƌŽǀĞĚĨŽƌŵ ƵƉŽŶ ĞdžĞĐƵƚŝŽŶ ŽĨƚŚĞŐƌĞĞŵĞŶƚŽƌǁĂŝǀĞƚŚĞ ƉĂLJŵĞŶƚ ĂŶĚƉĞƌĨŽƌŵĂŶĐĞďŽŶĚ ĂŶĚ ŝŶƐƚĞĂĚƚŚĞŝƚLJǁŝůů ƌĞƚĂŝŶϭϬй͘ WĂLJŵĞŶƚŽĨ ƚŚĞŝŶŝƚŝĂůϵϱйǁ ŝůůďĞ ŵĂĚĞŝŶƚŚĞŶĞdžƚƉĂLJĐLJĐůĞŽĨƚŚĞZĞŶƚŽŶ&ŝŶĂŶĐĞĞƉĂƌƚŵĞŶƚ ĂĨƚĞƌƌĞĐĞŝƉƚŽĨƐƵĐŚǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞ;ƉĂLJĐLJĐůĞƐĂƌĞďŝͲǁĞĞŬůLJͿ͘dŚĞƌĞŵĂŝŶŝŶŐ ϱйǁŝůůďĞ ƌĞƚĂŝŶĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĨƵůĨŝůůŵĞŶƚŽĨ ĐůĂŝŵƐ ĂŶĚ ůŝĞŶƐ͘ ;hŶůĞƐƐ ƚŚĞ ŽŶƚƌĂĐƚŽƌ ǁĂŝǀĞƐ ƚŚĞ ƉĂLJŵĞŶƚ ĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞ ďŽŶĚďĞůŽǁĂŶĚ ŽƉƚƐĨŽƌĂϭϬй ƌĞƚĂŝŶĂŐĞďĞůŽǁ͘Ϳ ŽŶƚƌĂĐƚŽƌŵƵƐƚƉŝĐŬŽŶĞͲ ŝĨĐŽŶƚƌĂĐƚŽƌĚŽĞƐŶŽƚƉŝĐŬŽŶĞƚŚĞŶƚŚĞĨŝƌƐƚŽƉƚŝŽŶ ;ϱйƌĞƚĂŝŶĂŐĞǁŝƚŚĐŽŶƚƌĂĐƚďŽŶĚͿĂƉƉůŝĞƐ͗ ͺͺͺdŽƉƌŽǀŝĚĞĂƉĂLJŵĞŶƚĂŶĚƉĞƌĨŽƌŵĂŶĐĞďŽŶĚ ;ĐŽŶƚƌĂĐƚďŽŶĚͿ ŝŶ ƚŚĞ ĂŵŽƵŶƚŽĨϭϬϬйŽĨƚŚĞĞƐƚŝŵĂƚĞŝŶĐůƵĚŝŶŐƚĂdžĞƐǁŝƚŚ Ăϱй ƌĞƚĂŝŶĂŐĞ͘ Žƌ W'ϯK&ϭϭ ϴ͘ y dŽǁĂŝǀĞĂƉĂLJŵĞŶƚĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞďŽŶĚ ;ĐŽŶƚƌĂĐƚďŽŶĚͿ ĂŶĚ ŝŶƐƚĞĂĚ ƚŚĞĐŝƚLJǁŝůůƌĞƚĂŝŶƚŚĞƌĞŵĂŝŶŝŶŐϭϬйǁŝůůďĞ ƌĞƚĂŝŶĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨ ĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĨƵůĨŝůůŵĞŶƚŽĨĐůĂŝŵƐĂŶĚ ůŝĞŶƐ͘ ͘ &ŽƌůŝŵŝƚĞĚWƵďůŝĐtŽƌŬƐŽŶƚƌĂĐƚƐƵŶĚĞƌΨϯϱ͕ϬϬϬ &ŽƌůŝŵŝƚĞĚƉƵďůŝĐǁŽƌŬƐƉƌŽũĞĐƚƐ͕ƚŚĞŝƚLJŵĂLJĐŚŽŽƐĞƚŽǁĂŝǀĞƚŚĞƉĂLJŵĞŶƚĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞďŽŶĚƌĞƋƵŝƌĞŵĞŶƚƐŽĨĐŚĂƉƚĞƌϯϵ͘ϬϴZtĂŶĚƚŚĞƌĞƚĂŝŶĂŐĞ ƌĞƋƵŝƌĞŵĞŶƚƐŽĨĐŚĂƉƚĞƌϲϬ͘ϮϴZt͕ĨŽƌůĂďŽƌĞƌƐ͕ŵĞĐŚĂŶŝĐƐ͕ƐƵďĐŽŶƚƌĂĐƚŽƌƐ͕ ŵĂƚĞƌŝĂůƉĞƌƐŽŶƐ͕ƐƵƉƉůŝĞƌƐ͕ĂŶĚƚĂdžĞƐŝŵƉŽƐĞĚƵŶĚĞƌdŝƚůĞϴϮ ZtƚŚĂƚŵĂLJďĞ ĚƵĞĨƌŽŵƚŚĞĐŽŶƚƌĂĐƚŽƌĨŽƌƚŚĞůŝŵŝƚĞĚƉƵďůŝĐǁŽƌŬƐƉƌŽũĞĐƚ͕ŚŽǁĞǀĞƌdŚĞŝƚLJ ƐŚĂůůŚĂǀĞƚŚĞƌŝŐŚƚŽĨƌĞĐŽǀĞƌLJĂŐĂŝŶƐƚƚŚĞĐŽŶƚƌĂĐƚŽƌĨŽƌĂŶLJƉĂLJŵĞŶƚƐŵĂĚĞŽŶ ƚŚĞĐŽŶƚƌĂĐƚŽƌΖƐďĞŚĂůĨ͘ &͘ ŝƚLJ ƐŚĂůů ŚĂǀĞ ƚŚĞ ƌŝŐŚƚƚŽǁŝƚŚŚŽůĚƉĂLJŵĞŶƚ ƚŽ ŽŶƚƌĂĐƚŽƌĨŽƌ ĂŶLJ ǁŽƌŬ ŶŽƚ ĐŽŵƉůĞƚĞĚ ŝŶ ĂƐĂƚŝƐĨĂĐƚŽƌLJ ŵĂŶŶĞƌ ƵŶƚŝůƐƵĐŚ ƚŝŵĞ ĂƐŽŶƚƌĂĐƚŽƌ ŵŽĚŝĨŝĞƐ ƐƵĐŚ ǁŽƌŬƐŽƚŚĂƚƚŚĞƐĂŵĞŝƐƐĂƚŝƐĨĂĐƚŽƌLJ͘ '͘ &ŝŶĂůĐĐĞƉƚĂŶĐĞ͘ &ŝŶĂůĐĐĞƉƚĂŶĐĞŽĨƚŚĞ WƌŽũĞĐƚŽĐĐƵƌƐǁŚĞŶ ƚŚĞ WƵďůŝĐtŽƌŬƐ ŝƌĞĐƚŽƌŚĂƐĚĞƚĞƌŵŝŶĞĚƚŚĂƚƚŚĞWƌŽũĞĐƚŝƐŽŶĞŚƵŶĚƌĞĚƉĞƌĐĞŶƚ;ϭϬϬйͿĐŽŵƉůĞƚĞ ĂŶĚ ŚĂƐďĞĞŶĐŽŶƐƚƌƵĐƚĞĚŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞWůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ͘ ,͘ WĂLJŵĞŶƚ ŝŶƚŚĞǀĞŶƚŽĨdĞƌŵŝŶĂƚŝŽŶ͘ /Ŷ ƚŚĞĞǀĞŶƚƚŚŝƐŽŶƚƌĂĐƚŝƐƚĞƌŵŝŶĂƚĞĚďLJ ƚŚĞĞŝƚŚĞƌƉĂƌƚLJ͕ƚŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůŶŽƚďĞĞŶƚŝƚůĞĚƚŽƌĞĐĞŝǀĞĂŶLJĨƵƌƚŚĞƌĂŵŽƵŶƚƐ ĚƵĞ ƵŶĚĞƌ ƚŚŝƐ ŽŶƚƌĂĐƚ ƵŶƚŝů ƚŚĞ ǁŽƌŬ ƐƉĞĐŝĨŝĞĚ ŝŶƚŚĞ ^ĐŽƉĞŽĨ tŽƌŬ ŝƐ ƐĂƚŝƐĨĂĐƚŽƌŝůLJĐŽŵƉůĞƚĞĚ͕ĂƐƐĐŚĞĚƵůĞĚ͕ƵƉƚŽƚŚĞĚĂƚĞŽĨƚĞƌŵŝŶĂƚŝŽŶ͘ ƚƐƵĐŚƚŝŵĞ͕ ŝĨƚŚĞ ƵŶƉĂŝĚ ďĂůĂŶĐĞ ŽĨƚŚĞ ĂŵŽƵŶƚƚŽ ďĞ ƉĂŝĚ ƵŶĚĞƌƚŚĞ ŽŶƚƌĂĐƚ ĞdžĐĞĞĚƐƚŚĞ ĞdžƉĞŶƐĞ ŝŶĐƵƌƌĞĚ ďLJƚŚĞ ŝƚLJŝŶ ĨŝŶŝƐŚŝŶŐƚŚĞǁŽƌŬ͕ ĂŶĚ ĂůůĚĂŵĂŐĞƐƐƵƐƚĂŝŶĞĚ ďLJ ƚŚĞŝƚLJŽƌǁŚŝĐŚ ŵĂLJďĞ ƐƵƐƚĂŝŶĞĚ ďLJƚŚĞŝƚLJŽƌǁŚŝĐŚ ŵĂLJďĞ ƐƵƐƚĂŝŶĞĚ ďLJƚŚĞ ƌĞĂƐŽŶŽĨƐƵĐŚƌĞĨƵƐĂů͕ŶĞŐůĞĐƚ͕ĨĂŝůƵƌĞŽƌĚŝƐĐŽŶƚŝŶƵĂŶĐĞŽĨŽŶƚƌĂĐƚŽƌƉĞƌĨŽƌŵŝŶŐ ƚŚĞ ǁŽƌŬ͕ ƐƵĐŚ ĞdžĐĞƐƐ ƐŚĂůů ďĞ ƉĂŝĚ ďLJ ƚŚĞ ŝƚLJƚŽƚŚĞ ŽŶƚƌĂĐƚŽƌ͘ /ĨƚŚĞ ŝƚLJΖƐ ĞdžƉĞŶƐĞĂŶĚ ĚĂŵĂŐĞƐĞdžĐĞĞĚƚŚĞ ƵŶƉĂŝĚ ďĂůĂŶĐĞ͕ ŽŶƚƌĂĐƚŽƌĂŶĚ ŚŝƐƐƵƌĞƚLJƐŚĂůů ďĞũŽŝŶƚůLJĂŶĚƐĞǀĞƌĂůůLJůŝĂďůĞƚŚĞƌĞĨŽƌĞƚŽƚŚĞŝƚLJĂŶĚƐŚĂůůƉĂLJƐƵĐŚĚŝĨĨĞƌĞŶĐĞƚŽ ƚŚĞ ŝƚLJ͘ ^ƵĐŚ ĞdžƉĞŶƐĞ ĂŶĚ ĚĂŵĂŐĞƐ ƐŚĂůůŝŶĐůƵĚĞĂůů ƌĞĂƐŽŶĂďůĞ ůĞŐĂů ĞdžƉĞŶƐĞƐ ĂŶĚ ĐŽƐƚƐŝŶĐƵƌƌĞĚďLJƚŚĞŝƚLJƚŽ ƉƌŽƚĞĐƚƚŚĞƌŝŐŚƚƐĂŶĚŝŶƚĞƌĞƐƚƐŽĨƚŚĞŝƚLJƵŶĚĞƌ ƚŚĞŽŶƚƌĂĐƚ͘ ,ŽůĚ ,ĂƌŵůĞƐƐ͗ŽŶƚƌĂĐƚŽƌ ƐŚĂůů ŝŶĚĞŵŶŝĨLJ͕ ĚĞĨĞŶĚ ĂŶĚ ŚŽůĚ ŚĂƌŵůĞƐƐ ŝƚLJ͕ ŝƚƐĞůĞĐƚĞĚ ŽĨĨŝĐŝĂůƐ͕ŽĨĨŝĐĞƌƐ͕ĂŐĞŶƚƐ͕ĞŵƉůŽLJĞĞƐĂŶĚ ǀŽůƵŶƚĞĞƌƐ͕ĨƌŽŵ ĂŶĚ ĂŐĂŝŶƐƚĂŶLJĂŶĚ ĂůůĐůĂŝŵƐ͕ ůŽƐƐĞƐ Žƌ ůŝĂďŝůŝƚLJ͕ŽƌĂŶLJ ƉŽƌƚŝŽŶͼŽĨƚŚĞƐĂŵĞ͕ŝŶĐůƵĚŝŶŐ ďƵƚ ŶŽƚůŝŵŝƚĞĚ ƚŽ ƌĞĂƐŽŶĂďůĞ ĂƚƚŽƌŶĞLJƐΖĨĞĞƐ͕ůĞŐĂůĞdžƉĞŶƐĞƐĂŶĚ ůŝƚŝŐĂƚŝŽŶĐŽƐƚƐ͕ĂƌŝƐŝŶŐĨƌŽŵŝŶũƵƌLJŽƌĚĞĂƚŚƚŽƉĞƌƐŽŶƐ͕ ŝŶĐůƵĚŝŶŐŝŶũƵƌŝĞƐ͕ƐŝĐŬŶĞƐƐ͕ ĚŝƐĞĂƐĞŽƌĚĞĂƚŚ ŽĨŽŶƚƌĂĐƚŽƌΖƐŽǁŶ ĞŵƉůŽLJĞĞƐ͕ĂŐĞŶƚƐĂŶĚ ǀŽůƵŶƚĞĞƌƐ͕ŽƌĚĂŵĂŐĞ ƚŽ ƉƌŽƉĞƌƚLJ ĐĂƵƐĞĚ͘͘ďLJ ŽŶƚƌĂĐƚŽƌΖƐ ŶĞŐůŝŐĞŶƚ ĂĐƚ ŽƌŽŵŝƐƐŝŽŶ͕ W'ϰϬ&ϭϭ ĞdžĐĞƉƚĨŽƌƚŚŽƐĞĂĐƚƐĐĂƵƐĞĚ ďLJŽƌ ƌĞƐƵůƚŝŶŐĨƌŽŵ ĂŶĞŐůŝŐĞŶƚĂĐƚŽƌŽŵŝƐƐŝŽŶ ďLJ ŝƚLJĂŶĚ ŝƚƐŽĨĨŝĐĞƌƐ͕ĂŐĞŶƚƐ͕ĞŵƉůŽLJĞĞƐĂŶĚǀŽůƵŶƚĞĞƌƐ͘ ^ŚŽƵůĚĂĐŽƵƌƚŽĨĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶĚĞƚĞƌŵŝŶĞƚŚĂƚƚŚŝƐĂŐƌĞĞŵĞŶƚŝƐƐƵďũĞĐƚƚŽZt ϰ͘Ϯϰ͘ϭϭϱ͕ ;sĂůŝĚŝƚLJŽĨĂŐƌĞĞŵĞŶƚƚŽ ŝŶĚĞŵŶŝĨLJĂŐĂŝŶƐƚ ůŝĂďŝůŝƚLJĨŽƌ ŶĞŐůŝŐĞŶĐĞ ƌĞůĂƚŝǀĞƚŽ ĐŽŶƐƚƌƵĐƚŝŽŶ͕ĂůƚĞƌĂƚŝŽŶ͕ŝŵƉƌŽǀĞŵĞŶƚ͕ĞƚĐ͕͘ŽĨƐƚƌƵĐƚƵƌĞŽƌŝŵƉƌŽǀĞŵĞŶƚĂƚƚĂĐŚĞĚƚŽƌĞĂů ĞƐƚĂƚĞ͘͘͘ͿƚŚĞŶ͕ ŝŶƚŚĞĞǀĞŶƚŽĨůŝĂďŝůŝƚLJĨŽƌĚĂŵĂŐĞƐĂƌŝƐŝŶŐŽƵƚŽĨďŽĚŝůLJŝŶũƵƌLJƚŽƉĞƌƐŽŶƐ Žƌ ĚĂŵĂŐĞƐ ƚŽ ƉƌŽƉĞƌƚLJ ĐĂƵƐĞĚ ďLJ Žƌ ƌĞƐƵůƚŝŶŐĨƌŽŵƚŚĞ ĐŽŶĐƵƌƌĞŶƚ ŶĞŐůŝŐĞŶĐĞ ŽĨƚŚĞ ĐŽŶƚƌĂĐƚŽƌĂŶĚŝƚLJ͕ ŝƚƐŽĨĨŝĐĞƌƐ͕ŽĨĨŝĐŝĂůƐ͕ĞŵƉůŽLJĞĞƐĂŶĚǀŽůƵŶƚĞĞƌƐ͕ŽŶƚƌĂĐƚŽƌΖƐůŝĂďŝůŝƚLJ ƐŚĂůů ďĞ ŽŶůLJƚŽƚŚĞĞdžƚĞŶƚŽĨŽŶƚƌĂĐƚŽƌΖƐŶĞŐůŝŐĞŶĐĞ͘ /ƚ ŝƐĨƵƌƚŚĞƌƐƉĞĐŝĨŝĐĂůůLJĂŶĚĞdžƉƌĞƐƐůLJƵŶĚĞƌƐƚŽŽĚƚŚĂƚƚŚĞŝŶĚĞŵŶŝĨŝĐĂƚŝŽŶƉƌŽǀŝĚĞĚŝŶƚŚŝƐ ŐƌĞĞŵĞŶƚĐŽŶƐƚŝƚƵƚĞŽŶƚƌĂĐƚŽƌΖƐǁĂŝǀĞƌŽĨŝŵŵƵŶŝƚLJƵŶĚĞƌƚŚĞ/ŶĚƵƐƚƌŝĂů/ŶƐƵƌĂŶĐĞĐƚ͕ ZtdŝƚůĞϱϭ͕ƐŽůĞůLJĨŽƌƚŚĞ ƉƵƌƉŽƐĞƐŽĨƚŚŝƐŝŶĚĞŵŶŝĨŝĐĂƚŝŽŶ͘dŚĞ WĂƌƚŝĞƐŚĂǀĞŵƵƚƵĂůůLJ ŶĞŐŽƚŝĂƚĞĚ ĂŶĚĂŐƌĞĞĚƚŽ ƚŚŝƐ ǁĂŝǀĞƌ͘ dŚĞ ƉƌŽǀŝƐŝŽŶƐ ŽĨƚŚŝƐ ƐĞĐƚŝŽŶ ƐŚĂůů ƐƵƌǀŝǀĞƚŚĞ ĞdžƉŝƌĂƚŝŽŶŽƌƚĞƌŵŝŶĂƚŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ϵ͘/ŶƐƵƌĂŶĐĞ͗ŽŶƚƌĂĐƚŽƌƐŚĂůůƐĞĐƵƌĞĂŶĚ ŵĂŝŶƚĂŝŶ͗ ͘ ŽŵŵĞƌĐŝĂůŐĞŶĞƌĂůůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞŝŶƚŚĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐŽĨΨϭ͕ϬϬϬ͕ϬϬϬĨŽƌ ĞĂĐŚŽĐĐƵƌƌĞŶĐĞͬΨϮ͕ϬϬϬ͕ϬϬϬĂŐŐƌĞŐĂƚĞĨŽƌƚŚĞdĞƌŵŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ͘ WƌŽĨĞƐƐŝŽŶĂů ůŝĂďŝůŝƚLJ ŝŶƐƵƌĂŶĐĞ͕ ŝŶ ƚŚĞ ŵŝŶŝŵƵŵ ĂŵŽƵŶƚ ŽĨΨϭ͕ϬϬϬ͕ϬϬϬĨŽƌĞĂĐŚ ŽĐĐƵƌƌĞŶĐĞ͕ƐŚĂůů ĂůƐŽ ďĞ ƐĞĐƵƌĞĚĨŽƌĂŶLJƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐ ďĞŝŶŐƉƌŽǀŝĚĞĚƚŽ ŝƚLJƚŚĂƚĂƌĞĞdžĐůƵĚĞĚŝŶ ƚŚĞĐŽŵŵĞƌĐŝĂůŐĞŶĞƌĂůůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞ͘ ͘tŽƌŬĞƌƐΖĐŽŵƉĞŶƐĂƚŝŽŶĐŽǀĞƌĂŐĞ͕ĂƐ ƌĞƋƵŝƌĞĚ ďLJƚŚĞ/ŶĚƵƐƚƌŝĂů /ŶƐƵƌĂŶĐĞ ůĂǁƐŽĨ ƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶ͕ƐŚĂůůĂůƐŽďĞ ƐĞĐƵƌĞĚ͘ ͘/ƚŝƐĂŐƌĞĞĚ ƚŚĂƚ ŽŶ ŽŶƚƌĂĐƚŽƌΖƐ ĐŽŵŵĞƌĐŝĂůŐĞŶĞƌĂů ůŝĂďŝůŝƚLJ ƉŽůŝĐLJ͕ƚŚĞŝƚLJŽĨ ZĞŶƚŽŶ ǁŝůů ďĞ ŶĂŵĞĚĂƐĂŶ ĚĚŝƚŝŽŶĂů /ŶƐƵƌĞĚ ŽŶĂŶŽŶͲĐŽŶƚƌŝďƵƚŽƌLJƉƌŝŵĂƌLJ ďĂƐŝƐ͘ ŝƚLJΖƐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐƐŚĂůůŶŽƚďĞ ĂƐŽƵƌĐĞĨŽƌƉĂLJŵĞŶƚŽĨĂŶLJŽŶƚƌĂĐƚŽƌ ůŝĂďŝůŝƚLJ͘ ͘^ƵďũĞĐƚƚŽŝƚLJΖƐƌĞǀŝĞǁĂŶĚĂĐĐĞƉƚĂŶĐĞ͕ĂĐĞƌƚŝĨŝĐĂƚĞ ŽĨ ŝŶƐƵƌĂŶĐĞ ƐŚŽǁŝŶŐƚŚĞ ƉƌŽƉĞƌĞŶĚŽƌƐĞŵĞŶƚƐ͕ƐŚĂůů ďĞĚĞůŝǀĞƌĞĚƚŽŝƚLJďĞĨŽƌĞĞdžĞĐƵƚŝŶŐƚŚĞǁŽƌŬŽĨƚŚŝƐ ŐƌĞĞŵĞŶƚ͘ &͘ ŽŶƚƌĂĐƚŽƌƐŚĂůůƉƌŽǀŝĚĞŝƚLJǁŝƚŚǁƌŝƚƚĞŶ ŶŽƚŝĐĞŽĨĂŶLJƉŽůŝĐLJĐĂŶĐĞůůĂƚŝŽŶ͕ǁŝƚŚŝŶ ƚǁŽ;ϮͿ ďƵƐŝŶĞƐƐĚĂLJƐŽĨƚŚĞŝƌƌĞĐĞŝƉƚŽĨƐƵĐŚ ŶŽƚŝĐĞ͘ '͘ ĚĚŝƚŝŽŶĂů/ŶƐƵƌĂŶĐĞŝĨŵĂƌŬĞĚĂƐΗZĞƋƵŝƌĞĚΗďLJŝƚLJ͗ ϭ͘ƑZĞƋƵŝƌĞĚ͘ƵŝůĚĞƌƐZŝƐŬ ŝŶƐƵƌĂŶĐĞ ĐŽǀĞƌŝŶŐŝŶƚĞƌĞƐƚƐŽĨƚŚĞ ŝƚLJ͕ƚŚĞ ŽŶƚƌĂĐƚŽƌ͕^ƵďĐŽŶƚƌĂĐƚŽƌƐ͕ĂŶĚ^ƵďͲĐŽŶƚƌĂĐƚŽƌƐŝŶƚŚĞǁŽƌŬ͘ƵŝůĚĞƌƐZŝƐŬ W'^K&ϭϭ ŝŶƐƵƌĂŶĐĞ ƐŚĂůů ďĞ ŽŶ Ă ƐƉĞĐŝĂů ƉĞƌŝůƐ ƉŽůŝĐLJ ĨŽƌŵ ĂŶĚ ƐŚĂůů ŝŶ ƐƵƌĞ ĂŐĂŝŶƐƚ ƚŚĞ ƉĞƌŝůƐ ŽĨ ĨŝƌĞ ĂŶĚ ĞdžƚĞŶĚĞĚ ĐŽǀĞƌĂŐĞ ĂŶĚ ƉŚLJƐŝĐĂů ůŽƐƐ ŽƌĚĂŵĂŐĞ ŝŶĐůƵĚŝŶŐ ĨůŽŽĚ͕ ĞĂƌƚŚƋƵĂŬĞ͕ ƚŚĞĨƚ͕ ǀĂŶĚĂůŝƐŵ͕ ŵĂůŝĐŝŽƵƐ ŵŝƐĐŚŝĞĨ͕ ĂŶĚ ĐŽůůĂƉƐĞ͘dŚĞ ƵŝůĚĞƌƐ ZŝƐŬŝŶƐƵƌĂŶĐĞƐŚĂůů ŝŶĐůƵĚĞĐŽǀĞƌĂŐĞĨŽƌƚĞŵƉŽƌĂƌLJ ďƵŝůĚŝŶŐƐ͕ĚĞďƌŝƐƌĞŵŽǀĂůĂŶĚ ĚĂŵĂŐĞƚŽ ŵĂƚĞƌŝĂůƐŝŶƚƌĂŶƐŝƚŽƌƐƚŽƌĞĚŽĨĨͲ ƐŝƚĞ͘ dŚŝƐƵŝůĚĞƌƐZŝƐŬŝŶƐƵƌĂŶĐĞĐŽǀĞƌŝŶŐƚŚĞǁŽƌŬǁŝůů ŚĂǀĞĂĚĞĚƵĐƚŝďůĞ ŽĨ Ψϱ͕ϬϬϬ ĨŽƌ ĞĂĐŚ ŽĐĐƵƌƌĞŶĐĞ͕ ǁŚŝĐŚ ǁŝůů ďĞ ƚŚĞ ƌĞƐƉŽŶƐŝďŝůŝƚLJ ŽĨ ƚŚĞ ŽŶƚƌĂĐƚŽƌ͘ ,ŝŐŚĞƌĚĞĚƵĐƚŝďůĞƐĨŽƌ ĨůŽŽĚ ĂŶĚ ĞĂƌƚŚƋƵĂŬĞ ƉĞƌŝůƐ ŵĂLJ ďĞ ĂĐĐĞƉƚĞĚ ďLJ ƚŚĞ ŝƚLJ ƵƉŽŶ ǁƌŝƚƚĞŶ ƌĞƋƵĞƐƚďLJƚŚĞ ŽŶƚƌĂĐƚŽƌĂŶĚ ǁƌŝƚƚĞŶ ĂĐĐĞƉƚĂŶĐĞďLJƚŚĞŝƚLJ͘ŶLJŝŶĐƌĞĂƐĞĚĚĞĚƵĐƚŝďůĞƐĂĐĐĞƉƚĞĚďLJƚŚĞŝƚLJǁŝůů ƌĞŵĂŝŶ ƚŚĞ ƌĞƐƉŽŶƐŝďŝůŝƚLJ ŽĨƚŚĞ ŽŶƚƌĂĐƚ͘Žƌ͘ dŚĞ ƵŝůĚĞƌƐ ZŝƐŬ ŝŶƐƵƌĂŶĐĞ ƐŚĂůůďĞ ŵĂŝŶƚĂŝŶĞĚƵŶƚŝůĨŝŶĂůĂĐĐĞƉƚĂŶĐĞŽĨƚŚĞǁŽƌŬďLJƚŚĞŝƚLJ͘ Ϯ͘ƑZĞƋƵŝƌĞĚ͘ ŽŶƚƌĂĐƚŽƌƐ WŽůůƵƚŝŽŶ >ŝĂďŝůŝƚLJ ŝŶƐƵƌĂŶĐĞ ĐŽǀĞƌŝŶŐ ůŽƐƐĞƐ ĐĂƵƐĞĚ ďLJ ƉŽůůƵƚŝŽŶ ĐŽŶĚŝƚŝŽŶƐ ƚŚĂƚ ĂƌŝƐĞ ĨƌŽŵ ƚŚĞ ŽƉĞƌĂƚŝŽŶƐ ŽĨ ƚŚĞ ŽŶƚƌĂĐƚŽƌ͘ ŽŶƚƌĂĐƚŽƌƐWŽůůƵƚŝŽŶ >ŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞƐŚĂůů ďĞǁƌŝƚƚĞŶ ŝŶ ĂŶ ĂŵŽƵŶƚŽĨĂƚůĞĂƐƚΨϭ͕ϬϬϬ͕ϬϬϬƉĞƌůŽƐƐ͕ǁŝƚŚĂŶ ĂŶŶƵĂůĂŐŐƌĞŐĂƚĞŽĨĂƚůĞĂƐƚ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ ŽŶƚƌĂĐƚŽƌƐ WŽůůƵƚŝŽŶ >ŝĂďŝůŝƚLJƐŚĂůů ĐŽǀĞƌďŽĚŝůLJ ŝŶũƵƌLJ͕ ƉƌŽƉĞƌƚLJĚĂŵĂŐĞ͕ĐůĞĂŶƵƉĐŽƐƚƐĂŶĚ ĚĞĨĞŶƐĞŝŶĐůƵĚŝŶŐĐŽƐƚƐĂŶĚĞdžƉĞŶƐĞƐ ŝŶĐƵƌƌĞĚŝŶ ƚŚĞŝŶǀĞƐƚŝŐĂƚŝŽŶ͕ĚĞĨĞŶƐĞ͕ŽƌƐĞƚƚůĞŵĞŶƚŽĨĐůĂŝŵƐ͘ /ĨƚŚĞŽŶƚƌĂĐƚŽƌƐWŽůůƵƚŝŽŶ >ŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞŝƐǁƌŝƚƚĞŶŽŶĂĐůĂŝŵƐͲŵĂĚĞ ďĂƐŝƐ͕ ƚŚĞ ŽŶƚƌĂĐƚŽƌ ǁĂƌƌĂŶƚƐ ƚŚĂƚ ĂŶLJ ƌĞƚƌŽĂĐƚŝǀĞ ĚĂƚĞ ĂƉƉůŝĐĂďůĞƚŽ ĐŽǀĞƌĂŐĞƵŶĚĞƌƚŚĞƉŽůŝĐLJƉƌĞĐĞĚĞƐƚŚĞĞĨĨĞĐƚŝǀĞĚĂƚĞŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͖ĂŶĚ ƚŚĂƚ ĐŽŶƚŝŶƵŽƵƐ ĐŽǀĞƌĂŐĞ ǁŝůů ďĞ ŵĂŝŶƚĂŝŶĞĚ Žƌ ĂŶ ĞdžƚĞŶĚĞĚ ĚŝƐĐŽǀĞƌLJ ƉĞƌŝŽĚǁŝůů ďĞ ĞdžĞƌĐŝƐĞĚĨŽƌĂƉĞƌŝŽĚ ŽĨƚŚƌĞĞ;ϯͿLJĞĂƌƐďĞŐŝŶŶŝŶŐĨƌŽŵƚŚĞ ƚŝŵĞƚŚĂƚǁŽƌŬƵŶĚĞƌƚŚĞĐŽŶƚƌĂĐƚŝƐĐŽŵƉůĞƚĞĚ͘ dŚĞ ŝƚLJƐŚĂůů ďĞ ŶĂŵĞĚďLJĞŶĚŽƌƐĞŵĞŶƚĂƐ ĂŶ ĂĚĚŝƚŝŽŶĂůŝŶƐƵƌĞĚ ŽŶ ƚŚĞ ŽŶƚƌĂĐƚŽƌƐWŽůůƵƚŝŽŶ>ŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞƉŽůŝĐLJ͘ /ĨƚŚĞƐĐŽƉĞŽĨƐĞƌǀŝĐĞƐĂƐ ĚĞĨŝŶĞĚŝŶƚŚŝƐĐŽŶƚƌĂĐƚŝŶĐůƵĚĞƐƚŚĞĚŝƐƉŽƐĂů ŽĨ ĂŶLJŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůƐĨƌŽŵƚŚĞũŽďƐŝƚĞ͕ƚŚĞŽŶƚƌĂĐƚŽƌŵƵƐƚĨƵƌŶŝƐŚƚŽ ƚŚĞŝƚLJĞǀŝĚĞŶĐĞŽĨWŽůůƵƚŝŽŶ>ŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞŵĂŝŶƚĂŝŶĞĚďLJƚŚĞĚŝƐƉŽƐĂů ƐŝƚĞ ŽƉĞƌĂƚŽƌĨŽƌ ůŽƐƐĞƐĂƌŝƐŝŶŐĨƌŽŵ ƚŚĞ ŝŶƐƵƌĞĚĨĂĐŝůŝƚLJĂĐĐĞƉƚŝŶŐǁĂƐƚĞ ƵŶĚĞƌ ƚŚŝƐĐŽŶƚƌĂĐƚ͘ŽǀĞƌĂŐĞ ĐĞƌƚŝĨŝĞĚƚŽƚŚĞ WƵďůŝĐŶƚŝƚLJ ƵŶĚĞƌ ƚŚŝƐ ƉĂƌĂŐƌĂƉŚŵƵƐƚďĞŵĂŝŶƚĂŝŶĞĚŝŶ ŵŝŶŝŵƵŵĂŵŽƵŶƚƐŽĨΨϭ͕ϬϬϬ͕ϬϬϬƉĞƌůŽƐƐ͕ ǁŝƚŚĂŶ ĂŶŶƵĂůĂŐŐƌĞŐĂƚĞŽĨĂƚůĞĂƐƚΨϭ͕ϬϬϬ͕ϬϬϬ͘ WŽůůƵƚŝŽŶ >ŝĂďŝůŝƚLJ ĐŽǀĞƌĂŐĞ Ăƚ ůĞĂƐƚ ĂƐ ďƌŽĂĚ ĂƐ ƚŚĂƚƉƌŽǀŝĚĞĚ ƵŶĚĞƌ/^K WŽůůƵƚŝŽŶ>ŝĂďŝůŝƚLJͲƌŽĂĚĞŶĞĚŽǀĞƌĂŐĞĨŽƌŽǀĞƌĞĚƵƚŽƐŶĚŽƌƐĞŵĞŶƚ W'ϲK&ϭϭ ϭϬ͘ ϭϭ͘ ϵϵ ϰϴ ƐŚĂůů ďĞ ƉƌŽǀŝĚĞĚĂŶĚƚŚĞDŽƚŽƌĂƌƌŝĞƌĐƚŶĚŽƌƐĞŵĞŶƚ;D^ϵϬͿ ƐŚĂůůďĞ ĂƚƚĂĐŚĞĚ͘ ŝƐĐƌŝŵŝŶĂƚŝŽŶ WƌŽŚŝďŝƚĞĚ͗džĐĞƉƚƚŽ ƚŚĞĞdžƚĞŶƚƉĞƌŵŝƚƚĞĚďLJ ĂďŽŶĂ ĨŝĚĞ ŽĐĐƵƉĂƚŝŽŶĂů ƋƵĂůŝĨŝĐĂƚŝŽŶ͕ƚŚĞŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐĂƐĨŽůůŽǁƐ͗ ͘ ŽŶƚƌĂĐƚŽƌ͕ĂŶĚ ŽŶƚƌĂĐƚŽƌΖƐĂŐĞŶƚƐ͕ ĞŵƉůŽLJĞĞƐ͕ ƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐ͕ĂŶĚ ǀŽůƵŶƚĞĞƌƐ ǁŝƚŚ ƌĞŐĂƌĚ ƚŽ ƚŚĞ tŽƌŬ ƉĞƌĨŽƌŵĞĚ Žƌ ƚŽďĞƉĞƌĨŽƌŵĞĚ ƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ ƐŚĂůůŶŽƚĚŝƐĐƌŝŵŝŶĂƚĞŽŶƚŚĞďĂƐŝƐ ŽĨƌĂĐĞ͕ ĐŽůŽƌ͕ ƐĞdž͕ƌĞůŝŐŝŽŶ͕ ŶĂƚŝŽŶĂůŝƚLJ͕ ĐƌĞĞĚ͕ ŵĂƌŝƚĂů ƐƚĂƚƵƐ͕ ƐĞdžƵĂů ŽƌŝĞŶƚĂƚŝŽŶ Žƌ ƉƌĞĨĞƌĞŶĐĞ͕ ĂŐĞ ;ĞdžĐĞƉƚ ŵŝŶŝŵƵŵ ĂŐĞĂŶĚ ƌĞƚŝƌĞŵĞŶƚƉƌŽǀŝƐŝŽŶƐͿ͕ ŚŽŶŽƌĂďůLJ ĚŝƐĐŚĂƌŐĞĚ ǀĞƚĞƌĂŶ Žƌ ŵŝůŝƚĂƌLJ ƐƚĂƚƵƐ͕ Žƌ ƚŚĞ ƉƌĞƐĞŶĐĞŽĨĂŶLJƐĞŶƐŽƌLJ͕ ŵĞŶƚĂůŽƌƉŚLJƐŝĐĂů ŚĂŶĚŝĐĂƉ͕ ƵŶůĞƐƐ ďĂƐĞĚƵƉŽŶ ĂďŽŶĂ ĨŝĚĞ ŽĐĐƵƉĂƚŝŽŶĂů ƋƵĂůŝĨŝĐĂƚŝŽŶ ŝŶ ƌĞůĂƚŝŽŶƐŚŝƉ ƚŽ ŚŝƌŝŶŐ ĂŶĚĞŵƉůŽLJŵĞŶƚ͕ ŝŶ ĞŵƉůŽLJŵĞŶƚŽƌĂƉƉůŝĐĂƚŝŽŶĨŽƌĞŵƉůŽLJŵĞŶƚ͕ƚŚĞĂĚŵŝŶŝƐƚƌĂƚŝŽŶŽĨƚŚĞĚĞůŝǀĞƌLJŽĨ tŽƌŬŽƌĂŶLJŽƚŚĞƌďĞŶĞĨŝƚƐƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ŽƌƉƌŽĐƵƌĞŵĞŶƚŽĨŵĂƚĞƌŝĂůƐŽƌ ƐƵƉƉůŝĞƐ͘ ͘ dŚĞŽŶƚƌĂĐƚŽƌǁŝůůƚĂŬĞĂĨĨŝƌŵĂƚŝǀĞĂĐƚŝŽŶƚŽ ŝŶƐƵƌĞƚŚĂƚĂƉƉůŝĐĂŶƚƐĂƌĞĞŵƉůŽLJĞĚ ĂŶĚ ƚŚĂƚĞŵƉůŽLJĞĞƐĂƌĞƚƌĞĂƚĞĚĚƵƌŝŶŐĞŵƉůŽLJŵĞŶƚǁŝƚŚŽƵƚƌĞŐĂƌĚƚŽƚŚĞŝƌƌĂĐĞ͕ ĐƌĞĞĚ͕ ĐŽůŽƌ͕ ŶĂƚŝŽŶĂů ŽƌŝŐŝŶ͕ ƐĞdž͕ ĂŐĞ͕ ƐĞdžƵĂů ŽƌŝĞŶƚĂƚŝŽŶ͕ ƉŚLJƐŝĐĂů͕ ƐĞŶƐŽƌLJ Žƌ ŵĞŶƚĂů ŚĂŶĚŝĐĂƉƐ͕Žƌ ŵĂƌŝƚĂů ƐƚĂƚƵƐ͘ ^ƵĐŚ ĂĐƚŝŽŶƐŚĂůů ŝŶĐůƵĚĞ͕ ďƵƚ ŶŽƚ ďĞ ůŝŵŝƚĞĚ ƚŽ ƚŚĞ ĨŽůůŽǁŝŶŐ ĞŵƉůŽLJŵĞŶƚ͕ ƵƉŐƌĂĚŝŶŐ͕ ĚĞŵŽƚŝŽŶ Žƌ ƚƌĂŶƐĨĞƌ͕ ƌĞĐƌƵŝƚŵĞŶƚŽƌ ƌĞĐƌƵŝƚŵĞŶƚ ĂĚǀĞƌƚŝƐŝŶŐ͕ ůĂLJŽĨĨ Žƌ ƚĞƌŵŝŶĂƚŝŽŶ͕ ƌĂƚĞƐ ŽĨ ƉĂLJ Žƌ ŽƚŚĞƌ ĨŽƌŵƐ ŽĨ ĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚ ƐĞůĞĐƚŝŽŶĨŽƌƚƌĂŝŶŝŶŐ͘ ͘ /Ĩ ŽŶƚƌĂĐƚŽƌ ĨĂŝůƐ ƚŽ ĐŽŵƉůLJ ǁŝƚŚ ĂŶLJ ŽĨ ƚŚŝƐ ŐƌĞĞŵĞŶƚΖƐ ŶŽŶͲĚŝƐĐƌŝŵŝŶĂƚŝŽŶ ƉƌŽǀŝƐŝŽŶƐ͕ŝƚLJƐŚĂůůŚĂǀĞƚŚĞƌŝŐŚƚ͕ĂƚŝƚƐŽƉƚŝŽŶ͕ƚŽĐĂŶĐĞůƚŚĞŐƌĞĞŵĞŶƚŝŶǁŚŽůĞ ŽƌŝŶ ƉĂƌƚ͘ ͘ ŽŶƚƌĂĐƚŽƌŝƐ ƌĞƐƉŽŶƐŝďůĞƚŽ ďĞ ĂǁĂƌĞŽĨĂŶĚ ŝŶ ĐŽŵƉůŝĂŶĐĞǁŝƚŚ Ăůů ĨĞĚĞƌĂů͕ƐƚĂƚĞ ĂŶĚ ůŽĐĂů ůĂǁƐĂŶĚ ƌĞŐƵůĂƚŝŽŶƐƚŚĂƚŵĂLJĂĨĨĞĐƚƚŚĞƐĂƚŝƐĨĂĐƚŽƌLJĐŽŵƉůĞƚŝŽŶ ŽĨƚŚĞ ƉƌŽũĞĐƚ͕ ǁŚŝĐŚŝŶĐůƵĚĞƐ ďƵƚŝƐ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ ĨĂŝƌ ůĂďŽƌ ůĂǁƐ ĂŶĚǁŽƌŬĞƌΖƐ ĐŽŵƉĞŶƐĂƚŝŽŶ͘ /ŶĚĞƉĞŶĚĞŶƚŽŶƚƌĂĐƚŽƌ͗ŽŶƚƌĂĐƚŽƌΖƐĞŵƉůŽLJĞĞƐ͕ǁŚŝůĞĞŶŐĂŐĞĚŝŶ ƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ ĂŶLJŽĨŽŶƚƌĂĐƚŽƌΖƐtŽƌŬ ƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ ƐŚĂůů ďĞ ĐŽŶƐŝĚĞƌĞĚ ĞŵƉůŽLJĞĞƐ ŽĨƚŚĞ ŽŶƚƌĂĐƚŽƌĂŶĚ ŶŽƚĞŵƉůŽLJĞĞƐ͕ĂŐĞŶƚƐ͕ƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐŽĨŝƚLJĂŶĚ ĂƐĂƌĞƐƵůƚ͕ƐŚĂůůŶŽƚďĞ ĞŶƚŝƚůĞĚƚŽĂŶLJĐŽǀĞƌĂŐĞŽƌ ďĞŶĞĨŝƚƐĨƌŽŵƚŚĞŝƚLJŽĨZĞŶƚŽŶ͘ ŽŶƚƌĂĐƚŽƌΖƐƌĞůĂƚŝŽŶƚŽŝƚLJ ƐŚĂůůďĞ ĂƚĂůůƚŝŵĞƐĂƐ ĂŶ ŝŶĚĞƉĞŶĚĞŶƚĐŽŶƚƌĂĐƚŽƌ͘ŶLJĂŶĚ ĂůůtŽƌŬŵĂŶΖƐŽŵƉĞŶƐĂƚŝŽŶ ĐƚĐůĂŝŵƐŽŶďĞŚĂůĨŽĨŽŶƚƌĂĐƚŽƌĞŵƉůŽLJĞĞƐ͕ĂŶĚĂŶLJĂŶĚ ĂůůĐůĂŝŵƐŵĂĚĞďLJĂƚŚŝƌĚͲƉĂƌƚLJ ĂƐ ĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶLJŶĞŐůŝŐĞŶƚĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨŽŶƚƌĂĐƚŽƌΖƐĞŵƉůŽLJĞĞƐ͕ W'ϳK&ϭϭ ǁŚŝůĞĞŶŐĂŐĞĚŝŶ tŽƌŬ ƉƌŽǀŝĚĞĚƚŽďĞ ƌĞŶĚĞƌĞĚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ƐŚĂůůďĞƚŚĞƐŽůĞůLJ ŽŶƚƌĂĐƚŽƌΖƐŽďůŝŐĂƚŝŽŶĂŶĚ ƌĞƐƉŽŶƐŝďŝůŝƚLJ͘ ϭϮ͘ŝƚLJŽĨZĞŶƚŽŶ ƵƐŝŶĞƐƐ >ŝĐĞŶƐĞ͗dŚĞ ŽŶƐƵůƚĂŶƚƐŚĂůůŽďƚĂŝŶ ĂŝƚLJŽĨZĞŶƚŽŶƵƐŝŶĞƐƐ >ŝĐĞŶƐĞƉƌŝŽƌƚŽƉĞƌĨŽƌŵŝŶŐĂŶLJtŽƌŬĂŶĚŵĂŝŶƚĂŝŶƚŚĞďƵƐŝŶĞƐƐůŝĐĞŶƐĞŝŶŐŽŽĚƐƚĂŶĚŝŶŐ ƚŚƌŽƵŐŚŽƵƚƚŚĞƚĞƌŵŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚǁŝƚŚƚŚĞŝƚLJ͘ /ŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐĂĐƋƵŝƌŝŶŐĂĐŝƚLJďƵƐŝŶĞƐƐůŝĐĞŶƐĞĐĂŶ ďĞĨŽƵŶĚĂƚ͗ ŚƚƚƉ͗ͬͬǁǁǁ͘ƌĞŶƚŽŶǁĂ͘ŐŽǀͬĐŵƐͬKŶĞ͘ĂƐƉdž͍ƉŽƌƚĂůϭĚсϳϵϮϮϳϰϭΘƉĂŐĞůĚсϵϴϮϰϴϴϮ /ŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐ^ƚĂƚĞďƵƐŝŶĞƐƐůŝĐĞŶƐŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐĐĂŶ ďĞĨŽƵŶĚĂƚ͗ ŚƚƚƉ͗ͬͬĚŽƌ͘ǁĂ͘ŐŽǀͬĚŽŝŶŐͲďƵƐŝŶĞƐƐͬƌĞŐŝƐƚĞƌͲŵLJͲďƵƐŝŶĞƐƐ ϭϯ͘ZĞĐŽƌĚ <ĞĞƉŝŶŐĂŶĚ ZĞƉŽƌƚŝŶŐ͗ŽŶƚƌĂĐƚŽƌƐŚĂůů ŵĂŝŶƚĂŝŶ ĂĐĐŽƵŶƚƐ ĂŶĚ ƌĞĐŽƌĚƐ͕ǁŚŝĐŚ ƉƌŽƉĞƌůLJ ƌĞĨůĞĐƚ Ăůů ĚŝƌĞĐƚ ĂŶĚ ŝŶĚŝƌĞĐƚ ĐŽƐƚƐ ĞdžƉĞŶĚĞĚ ĂŶĚ tŽƌŬ ƉƌŽǀŝĚĞĚ ŝŶ ƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ dŚĞŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐƚŽƉƌŽǀŝĚĞĂĐĐĞƐƐƚŽĂŶĚĐŽƉŝĞƐŽĨ ĂŶLJƌĞĐŽƌĚƐ ƌĞůĂƚĞĚƚŽƚŚŝƐŐƌĞĞŵĞŶƚĂƐ ƌĞƋƵŝƌĞĚ ďLJƚŚĞ ŝƚLJƚŽ ĂƵĚŝƚĞdžƉĞŶĚŝƚƵƌĞƐĂŶĚ ĐŚĂƌŐĞƐ ĂŶĚͬŽƌƚŽ ĐŽŵƉůLJǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ ^ƚĂƚĞ WƵďůŝĐ ZĞĐŽƌĚƐĐƚ ;ŚĂƉƚĞƌϰϮ͘ϱϲ ZtͿ͘ ϭϰ͘WƵďůŝĐZĞĐŽƌĚƐŽŵƉůŝĂŶĐĞ͘dŽƚŚĞĨƵůů ĞdžƚĞŶƚƚŚĞŝƚLJĚĞƚĞƌŵŝŶĞƐŶĞĐĞƐƐĂƌLJƚŽ ĐŽŵƉůLJ ǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞWƵďůŝĐZĞĐŽƌĚƐĐƚ͕ŽŶƚƌĂĐƚŽƌƐŚĂůůŵĂŬĞĂĚƵĞĚŝůŝŐĞŶƚƐĞĂƌĐŚ ŽĨĂůůƌĞĐŽƌĚƐŝŶŝƚƐ ƉŽƐƐĞƐƐŝŽŶ͕ ŝŶĐůƵĚŝŶŐ͕ ďƵƚ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ͕ ĞͲŵĂŝů͕ ĐŽƌƌĞƐƉŽŶĚĞŶĐĞ͕ ŶŽƚĞƐ͕ƐĂǀĞĚƚĞůĞƉŚŽŶĞŵĞƐƐĂŐĞƐ͕ ƌĞĐŽƌĚŝŶŐƐ͕ ƉŚŽƚŽƐ͕ Žƌ ĚƌĂǁŝŶŐƐ ĂŶĚ ƉƌŽǀŝĚĞƚŚĞŵ ƚŽ ƚŚĞŝƚLJĨŽƌƉƌŽĚƵĐƚŝŽŶ͘/Ŷ ƚŚĞĞǀĞŶƚŽŶƚƌĂĐƚŽƌďĞůŝĞǀĞƐƐĂŝĚƌĞĐŽƌĚƐŶĞĞĚƚŽďĞƉƌŽƚĞĐƚĞĚ ĨƌŽŵĚŝƐĐůŽƐƵƌĞ͕ŝƚƐŚĂůů͕ĂƚŽŶƚƌĂĐƚŽƌΖƐŽǁŶ ĞdžƉĞŶƐĞ͕ƐĞĞŬũƵĚŝĐŝĂůƉƌŽƚĞĐƚŝŽŶ͘ŽŶƚƌĂĐƚŽƌ ƐŚĂůůŝŶĚĞŵŶŝĨLJ͕ĚĞĨĞŶĚ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŝƚLJĨŽƌĂůůĐŽƐƚƐ͕ŝŶĐůƵĚŝŶŐΖĂƚƚŽƌŶĞLJƐΖĨĞĞƐ͕ ĂƚƚĞŶĚĂŶƚ ƚŽ ĂŶLJ ĐůĂŝŵ Žƌ ůŝƚŝŐĂƚŝŽŶƌĞůĂƚĞĚƚŽ ĂWƵďůŝĐ ZĞĐŽƌĚƐ ĐƚƌĞƋƵĞƐƚĨŽƌ ǁŚŝĐŚ ŽŶƚƌĂĐƚŽƌ ŚĂƐ ƌĞƐƉŽŶƐŝǀĞ ƌĞĐŽƌĚƐ ĂŶĚĨŽƌ ǁŚŝĐŚŽŶƚƌĂĐƚŽƌ ŚĂƐ ǁŝƚŚŚĞůĚ ƌĞĐŽƌĚƐ Žƌ ŝŶĨŽƌŵĂƚŝŽŶĐŽŶƚĂŝŶĞĚ ƚŚĞƌĞŝŶ͕ ŽƌŶŽƚƉƌŽǀŝĚĞĚƚŚĞŵƚŽƚŚĞ ŝƚLJŝŶ ĂƚŝŵĞůLJ ŵĂŶŶĞƌ͘ ŽŶƚƌĂĐƚŽƌ ƐŚĂůů ƉƌŽĚƵĐĞĨŽƌĚŝƐƚƌŝďƵƚŝŽŶ ĂŶLJĂŶĚĂůůƌĞĐŽƌĚƐƌĞƐƉŽŶƐŝǀĞƚŽƚŚĞ WƵďůŝĐ ZĞĐŽƌĚƐĐƚƌĞƋƵĞƐƚŝŶ ĂƚŝŵĞůLJŵĂŶŶĞƌ͕ƵŶůĞƐƐƚŚŽƐĞƌĞĐŽƌĚƐĂƌĞƉƌŽƚĞĐƚĞĚďLJĐŽƵƌƚŽƌĚĞƌ͘ ϭϱ͘KƚŚĞƌWƌŽǀŝƐŝŽŶƐ͗ ͘ĚŵŝŶŝƐƚƌĂƚŝŽŶĂŶĚEŽƚŝĐĞƐ͘ĂĐŚ ŝŶĚŝǀŝĚƵĂůĞdžĞĐƵƚŝŶŐƚŚŝƐŐƌĞĞŵĞŶƚŽŶ ďĞŚĂůĨ ŽĨ ŝƚLJ ĂŶĚ ŽŶƚƌĂĐƚŽƌ ƌĞƉƌĞƐĞŶƚƐ ĂŶĚ ǁĂƌƌĂŶƚƐ ƚŚĂƚ ƐƵĐŚ ŝŶĚŝǀŝĚƵĂůƐ ĂƌĞ ĚƵůLJ ĂƵƚŚŽƌŝnjĞĚƚŽ ĞdžĞĐƵƚĞĂŶĚ ĚĞůŝǀĞƌƚŚŝƐŐƌĞĞŵĞŶƚŽŶ ďĞŚĂůĨŽĨŝƚLJŽƌŽŶƚƌĂĐƚŽƌ͘ ŶLJŶŽƚŝĐĞƐƌĞƋƵŝƌĞĚƚŽďĞ ŐŝǀĞŶďLJƚŚĞWĂƌƚŝĞƐƐŚĂůůďĞ ĚĞůŝǀĞƌĞĚĂƚƚŚĞĂĚĚƌĞƐƐĞƐ ƐĞƚĨŽƌƚŚ ďĞůŽǁ͘ŶLJŶŽƚŝĐĞƐŵĂLJďĞ ĚĞůŝǀĞƌĞĚƉĞƌƐŽŶĂůůLJƚŽƚŚĞĂĚĚƌĞƐƐĞĞŽĨƚŚĞ ŶŽƚŝĐĞ Žƌ ŵĂLJ ďĞ ĚĞƉŽƐŝƚĞĚ ŝŶ ƚŚĞ hŶŝƚĞĚ ^ƚĂƚĞƐ ŵĂŝů͕ ƉŽƐƚĂŐĞ ƉƌĞƉĂŝĚ͕ ƚŽ ƚŚĞ ĂĚĚƌĞƐƐƐĞƚĨŽƌƚŚ ďĞůŽǁ͘ ŶLJŶŽƚŝĐĞƐŽ ƉŽƐƚĞĚ ŝŶ ƚŚĞ hŶŝƚĞĚ ^ƚĂƚĞƐ ŵĂŝů ƐŚĂůů ďĞ ĚĞĞŵĞĚƌĞĐĞŝǀĞĚƚŚƌĞĞ;ϯͿ ĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƚŚĞĚĂƚĞŽĨŵĂŝůŝŶŐ͘ dŚŝƐŐƌĞĞŵĞŶƚ W'^K&ϭϭ ƐŚĂůůďĞ ĂĚŵŝŶŝƐƚĞƌĞĚ ďLJ ĂŶĚĂŶLJ ŶŽƚŝĐĞƐ ƐŚŽƵůĚ ďĞ ƐĞŶƚ ƚŽƚŚĞ ƵŶĚĞƌƐŝŐŶĞĚ ŝŶĚŝǀŝĚƵĂůƐŽƌƚŚĞŝƌĚĞƐŝŐŶĞĞƐ͘ /dzK& ZEdKE ĚǁĂƌĚ'ƌƵďĞ ϭϬϱϱ^ŽƵƚŚ'ƌĂĚLJtĂLJ ZĞŶƚŽŶ͕tϵϴϬϱϳ WŚŽŶĞ͗;ϰϮϱͿϰϯϬͲϲϲϳϬ ĞŐƌƵďĞΛƌĞŶƚŽŶǁĂ͘ŐŽǀ &Ădž͗ ;ϰϮϱͿϰϯϬͲyyyy KEdZdKZ dŽĚĚĂƌůƐŽŶ ϳϬϮ/ŶĚƵƐƚƌLJƌŝǀĞ dƵŬǁŝůĂ͕tϵϴϭϴϴ WŚŽŶĞ͗;ϮϬϲͿϯϯϰͲϯϵϬϴ ƚŽĚĚĐĂƌůƐŽŶΛĞĐŝͲŶǁ͘ĐŽŵ &Ădž͗ ;yyyͿyyyͲyyyy ͘ŵĞŶĚŵĞŶƚ ĂŶĚDŽĚŝĨŝĐĂƚŝŽŶ͘dŚŝƐ ŐƌĞĞŵĞŶƚŵĂLJďĞ ĂŵĞŶĚĞĚŽŶůLJ ďLJ ĂŶ ŝŶƐƚƌƵŵĞŶƚŝŶǁƌŝƚŝŶŐ͕ĚƵůLJĞdžĞĐƵƚĞĚďLJďŽƚŚ WĂƌƚŝĞƐ͘ ͘ƐƐŝŐŶŵĞŶƚĂŶĚ^ƵďĐŽŶƚƌĂĐƚ͘ŽŶƚƌĂĐƚŽƌ ƐŚĂůů ŶŽƚ ĂƐƐŝŐŶ Žƌ ƐƵďĐŽŶƚƌĂĐƚ ĂŶLJ ƉŽƌƚŝŽŶŽĨ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ǁŝƚŚŽƵƚ ƚŚĞ ŝƚLJ ŽĨ ZĞŶƚŽŶΖƐƉƌŝŽƌ ĞdžƉƌĞƐƐ ǁƌŝƚƚĞŶ ĐŽŶƐĞŶƚ͘ ͘ŽŵƉůŝĂŶĐĞǁŝƚŚ >ĂǁƐ͘ŽŶƚƌĂĐƚŽƌĂŶĚ ĂůůŽĨƚŚĞ ŽŶƚƌĂĐƚŽƌΖƐ ĞŵƉůŽLJĞĞƐ ƐŚĂůů ƉĞƌĨŽƌŵƚŚĞtŽƌŬŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂůů ĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ĐŽƵŶƚLJĂŶĚĐŝƚLJ ůĂǁƐ͕ ĐŽĚĞƐĂŶĚ ŽƌĚŝŶĂŶĐĞƐ͘ĐŽƉLJŽĨƚŚŝƐůĂŶŐƵĂŐĞ ŵƵƐƚ ďĞ ŵĂĚĞ ĂƉĂƌƚ ŽĨĂŶLJ ĐŽŶƚƌĂĐƚŽƌŽƌƐƵďĐŽŶƚƌĂĐƚŽƌĂŐƌĞĞŵĞŶƚ͘ ͘ ŽŶĨůŝĐƚƐ͘/Ŷ ƚŚĞ ĞǀĞŶƚŽĨĂŶLJŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐ ďĞƚǁĞĞŶ ĐŽŶƚƌĂĐƚŽƌƉƌŽƉŽƐĂůƐĂŶĚ ƚŚŝƐĐŽŶƚƌĂĐƚ͕ƚŚĞƚĞƌŵƐŽĨƚŚŝƐĐŽŶƚƌĂĐƚƐŚĂůůƉƌĞǀĂŝů͘ &͘'ŽǀĞƌŶŝŶŐ>Ăǁ͘dŚŝƐŐƌĞĞŵĞŶƚƐŚĂůů ďĞ ŵĂĚĞ ŝŶ ĂŶĚ ƐŚĂůů ďĞ ŐŽǀĞƌŶĞĚďLJ ĂŶĚ ŝŶƚĞƌƉƌĞƚĞĚŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶ͘ '͘:ŽŝŶƚ ƌĂĨƚŝŶŐ ĨĨŽƌƚ͘dŚŝƐ ŐƌĞĞŵĞŶƚ ƐŚĂůů ďĞ ĐŽŶƐŝĚĞƌĞĚ ĨŽƌ Ăůů ƉƵƌƉŽƐĞƐ ĂƐ ƉƌĞƉĂƌĞĚďLJƚŚĞũŽŝŶƚĞĨĨŽƌƚƐŽĨƚŚĞWĂƌƚŝĞƐĂŶĚƐŚĂůůŶŽƚďĞĐŽŶƐƚƌƵĞĚĂŐĂŝŶƐƚŽŶĞ ƉĂƌƚLJŽƌƚŚĞŽƚŚĞƌĂƐ ĂƌĞƐƵůƚŽĨƚŚĞƉƌĞƉĂƌĂƚŝŽŶ͕ƐƵďƐƚŝƚƵƚŝŽŶ͕ƐƵďŵŝƐƐŝŽŶŽƌŽƚŚĞƌ ĞǀĞŶƚŽĨŶĞŐŽƚŝĂƚŝŽŶ͕ĚƌĂĨƚŝŶŐŽƌĞdžĞĐƵƚŝŽŶ͘ ,͘:ƵƌŝƐĚŝĐƚŝŽŶĂŶĚsĞŶƵĞ͘ŶLJůĂǁƐƵŝƚŽƌůĞŐĂůĂĐƚŝŽŶďƌŽƵŐŚƚďLJĂŶLJƉĂƌƚLJƚŽĞŶĨŽƌĐĞ ŽƌŝŶƚĞƌƉƌĞƚƚŚŝƐŐƌĞĞŵĞŶƚŽƌĂŶLJŽĨŝƚƐƚĞƌŵƐŽƌĐŽǀĞŶĂŶƚƐƐŚĂůůďĞ ďƌŽƵŐŚƚŝŶ ƚŚĞ <ŝŶŐ ŽƵŶƚLJ^ƵƉĞƌŝŽƌŽƵƌƚĨŽƌƚŚĞ^ƚĂƚĞ ŽĨtĂƐŚŝŶŐƚŽŶĂƚƚŚĞDĂůĞŶŐ ZĞŐŝŽŶĂů W'ϵϬ&ϭϭ :ƵƐƚŝĐĞĞŶƚĞƌŝŶ <ĞŶƚ͕ <ŝŶŐŽƵŶƚLJ͕tĂƐŚŝŶŐƚŽŶ͕Žƌ ŝƚƐƌĞƉůĂĐĞŵĞŶƚŽƌƐƵĐĐĞƐƐŽƌ͘ ŽŶƚƌĂĐƚŽƌ ŚĞƌĞďLJĞdžƉƌĞƐƐůLJ ĐŽŶƐĞŶƚƐ ƚŽƚŚĞ ƉĞƌƐŽŶĂů ĂŶĚ ĞdžĐůƵƐŝǀĞũƵƌŝƐĚŝĐƚŝŽŶ ĂŶĚ ǀĞŶƵĞŽĨƐƵĐŚĐŽƵƌƚĞǀĞŶŝĨŽŶƚƌĂĐƚŽƌŝƐ ĂĨŽƌĞŝŐŶĐŽƌƉŽƌĂƚŝŽŶŶŽƚƌĞŐŝƐƚĞƌĞĚ ǁŝƚŚƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶ͘ /͘^ĞǀĞƌĂďŝůŝƚLJ͘ĐŽƵƌƚŽĨĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶΖƐĚĞƚĞƌŵŝŶĂƚŝŽŶƚŚĂƚĂŶLJƉƌŽǀŝƐŝŽŶ ŽƌƉĂƌƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝƐŝůůĞŐĂůŽƌƵŶĞŶĨŽƌĐĞĂďůĞƐŚĂůůŶŽƚ ĐĂŶĐĞů ŽƌŝŶǀĂůŝĚĂƚĞ ƚŚĞƌĞŵĂŝŶĚĞƌŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͕ǁŚŝĐŚƐŚĂůůƌĞŵĂŝŶŝŶĨƵůůĨŽƌĐĞĂŶĚĞĨĨĞĐƚ͘ :͘^ŽůĞĂŶĚ ŶƚŝƌĞŐƌĞĞŵĞŶƚ͘dŚŝƐŐƌĞĞŵĞŶƚĐŽŶƚĂŝŶƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚŽĨƚŚĞ WĂƌƚŝĞƐ ĂŶĚ ĂŶLJ ƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐŽƌ ƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ǁŚĞƚŚĞƌŽƌĂů ŽƌǁƌŝƚƚĞŶ͕ ŶŽƚ ŝŶĐŽƌƉŽƌĂƚĞĚĂƌĞĞdžĐůƵĚĞĚ͘ <͘dŚŝƌĚͲWĂƌƚLJĞŶĞĨŝĐŝĂƌŝĞƐ͘EŽƚŚŝŶŐŝŶ ƚŚŝƐŐƌĞĞŵĞŶƚŝƐŝŶƚĞŶĚĞĚƚŽ͕ ŶŽƌƐŚĂůů ďĞ ĐŽŶƐƚƌƵĞĚƚŽŐŝǀĞĂŶLJƌŝŐŚƚƐŽƌďĞŶĞĨŝƚƐŝŶƚŚĞŐƌĞĞŵĞŶƚƚŽĂŶLJŽŶĞŽƚŚĞƌƚŚĂŶƚŚĞ WĂƌƚŝĞƐ͕ĂŶĚĂůůĚƵƚŝĞƐĂŶĚ ƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐƵŶĚĞƌƚĂŬĞŶƉƵƌƐƵĂŶƚƚŽƚŚŝƐŐƌĞĞŵĞŶƚ ǁŝůůďĞĨŽƌƚŚĞƐŽůĞĂŶĚ ĞdžĐůƵƐŝǀĞďĞŶĞĨŝƚŽĨƚŚĞWĂƌƚŝĞƐĂŶĚ ŶŽ ŽŶĞĞůƐĞ͘ >͘tĂŝǀĞƌƐ͘ůů ǁĂŝǀĞƌƐ ƐŚĂůůďĞŝŶ ǁƌŝƚŝŶŐĂŶĚ ƐŝŐŶĞĚ ďLJƚŚĞǁĂŝǀŝŶŐƉĂƌƚLJ͘ ŝƚŚĞƌ ƉĂƌƚLJΖƐĨĂŝůƵƌĞƚŽĞŶĨŽƌĐĞĂŶLJƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůŶŽƚďĞ ĂǁĂŝǀĞƌĂŶĚ ƐŚĂůů ŶŽƚ ƉƌĞǀĞŶƚ ĞŝƚŚĞƌŝƚLJŽƌ ŽŶƚƌĂĐƚŽƌĨƌŽŵ ĞŶĨŽƌĐŝŶŐƚŚĂƚ ƉƌŽǀŝƐŝŽŶŽƌĂŶLJ ŽƚŚĞƌƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝŶ ƚŚĞĨƵƚƵƌĞ͘ tĂŝǀĞƌŽĨďƌĞĂĐŚŽĨĂŶLJƉƌŽǀŝƐŝŽŶ ŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůů ŶŽƚ ďĞ ĚĞĞŵĞĚƚŽ ďĞ ĂǁĂŝǀĞƌŽĨĂŶLJƉƌŝŽƌŽƌƐƵďƐĞƋƵĞŶƚ ďƌĞĂĐŚƵŶůĞƐƐŝƚŝƐ ĞdžƉƌĞƐƐůLJǁĂŝǀĞĚŝŶ ǁƌŝƚŝŶŐ͘ /E t/dE^^t,ZK&͕ƚŚĞ WĂƌƚŝĞƐ ŚĂǀĞ ǀŽůƵŶƚĂƌŝůLJĞŶƚĞƌĞĚ ŝŶƚŽƚŚŝƐŐƌĞĞŵĞŶƚ ĂƐ ŽĨ ĨĨĞĐƚŝǀĞĂƚĞ͘ /dzK& ZEdKE ƌŵĂŶĚŽWĂǀŽŶĞ͕DĂLJŽƌ ϭϬϱϱ^ŽƵƚŚ'ƌĂĚLJtĂLJ ZĞŶƚŽŶ͕tϵϴϬϱϳ ĂƚĞ ƚƚĞƐƚ W'ϭϬK&ϭϭ KEdZdKZ DŝĐŚĂĞů/පΖ:Ζ ŝ͘͘ ͘͘WŝĞƐŝĚĞŝŝƚͲͲ ΖͲ͘ͰͲƉ ĂƚĞ? 4-5-2023 :ĂƐŽŶ͘ ^ĞƚŚ ŝƚLJůĞƌŬ ƉƉƌŽǀĞĚĂƐƚŽ>ĞŐĂů &Žƌŵ ^ŚĂŶĞDŽůŽŶĞLJ ZĞŶƚŽŶŝƚLJƚƚŽƌŶĞLJ EŽŶͲƐƚĂŶĚĂƌĚϬϱͬϬϰͬϮϬ> $WWDFKPHQW$ W'ϭϭK&ϭϭ Approved by Cheryl Beyer via 2/7/2023 email ATTACHMENT A City Wide – Key Card Project November 1st, 2022 (Tuesday) – 11:30AM till 12:30PM x Location: o City Hall – 1055 South Grady Way, Renton, WA 98057 o Public Works – 3555 NE 2nd Street, Renton, WA 98057 x Work Scheduled: o Weekday Work (Monday thru Friday) o Work Hours (To Be Determined) o Start Date (To be Determined) x Walk Thru of Work Area o Questions can be asked during Walk through but once it has been completed; facilities cannot answer questions after the walkthrough. x Expectations: o Arrive on Time when Scheduled o This is a Prevailing Wage Project o Provide L&I Affidavit and Intent at the Start and End of the Project o Provide all Permits associated with the Project, if required o Contractor to observe proper OSHA safety protocol throughout project. o Installation of Key Card Readers and Strikes on 16 Interior Doors at City Hall and 3 Exterior Doors / 1 Interior Door at the Public Works Building B. Integration to existing system; Lenel x Installation of new Hardware x If required, Integration into the Fire System x Routing of necessary network wires to allow system to integrate into existing system and new system Installation of x Card Reader at each door x Electronic Strike at each door x Routing of necessary wiring to allow system to integrate into existing system and new system Program New Hardware into the Existing Software; Lenel OnGuard o Daily Cleanup and Removal of debris from Location. o Walkthrough once all work has been completed at location to ensure all work has been accomplished x Bid Due Date: o Deadline for Bids is November 14th, 2022 at 5:00PM o We will not accept Bids after the deadline. o Bids must be Submitted Via Email and sent to egrube@rentonwa.gov o The City of Renton has the right to Reject all Bids. o The Lowest Responsible Bidder will be notified via Phone Call or Email that they have won the Small Works Project. o If you are not contacted within 1 week after the Deadline listed below; you have not been selected for the Small Works Project o If you want to find out about the winning bid or other bids, please submit a Public Records Request at City Clerk’s Office. 35063 35063 11917 105 1 17 17 USD 2 2 1 1 Quotation No.: 90248-4 Client No.: 11917 Todd Carlson toddcarlson@eci-nw.com Date: 1/17/2023 Quote Valid 30 days City of Renton Card Access Add (23) Doors Due Upon ReceiptF a x : Phone: 206-430-6643 Renton, WA 98057 Edward Grube 1055 South Grady Way Renton Community Services Special Terms listed below 702 Industry Drive Phone: (206) 622-0452 Fax: (206) 622-8727 Tukwila, WA 98188 SCOPE OF WORK Entrance Controls will provide and install the following 1) Install card access on (23) doors. This will include a reader, rex, door contact and elective door hardware. 2) The following locations will get card readers, panels, boards and lock power supplies as needed. CITY HALL 7th Floor (4) doors, Lenel panel, lock power supply and Lenel boards as needed 6th Floor (2) doors, Lenel panel, lock power supply and Lenel boards as needed 5th Floor (2) doors, Lenel panel, lock power supply and Lenel boards as needed 3rd Floor (4) doors, Lenel panel, lock power supply and Lenel boards as needed 2nd Floor (2) doors, Lenel panel, lock power supply and Lenel boards as needed 1st Floor (3) doors, Lenel panel, lock power supply and Lenel boards as needed S2 Floor (2) doors, Lenel panel, lock power supply and Lenel boards as needed PUBLIC WORKS BUILDING B (4) Doors, Lenel panel, lock power supply and Lenel boards as needed 3) ECI will provide all cable as needed to each panel 4) ECI to provide lift for Public Works Building B at no cost to the city 5) ECI to provide and install all cable as needed 6) All work to be done during business hours 7) ECI to use 23 doors out the existing allotment of software. 8) ECI to program and test all doors. 9) EC to pull permit as needed. Qty. Description Unit Price Total PriceManufacturerPart# 22,795.00 22,795.00MISC.Door Hardware (23) DoorsLOT-LABOR1 53,750.00 53,750.00MISC.120vac, cable and installLOT-LABOR1 714.00 2,856.00LenelDual Reader Interface Module (SeriesLNL-1320-S34 Page 2 of 3 Qty. Description Unit Price Total PriceManufacturerPart# 1,972.25 15,778.00LenelIntelligent Dual Reader Controller –LNL-X22208 301.00 2,408.00Altronix CorporatioAccess power controller with powerAL600ULACMCB8 663.60 5,308.80LenelLenel UL Listed Power Supply –LNL-AL600ULX-4CB68 189.75 759.00Lenel Surcharge for 1320S3MISC MATERIAL4 266.00 6,118.00HID CorpReader, multiCLASS RP40, Wall920PTNNEK0000023 72.77 1,673.71Bosch Security SystDetector, PIR Request To Exit SensorDS16023 1.55 35.65Bosch Security SystA light gray trim plate used whenTP16023 11.94 286.56Interlogix (UTC)Replaced with 194-12-W1076-N24 32.19 772.56YUASABATTERY 12 VOLT-7AHNP7-1224 420.00 420.00Permits & FeesPERMITS AND FEES1 420.00 420.00 Handling and freight chargesShipping1 1,160.00 Equipment Sub Total: Labor: 113,381.28 Installation 4,640.00Programming 1,120.00Engineering 2,320.00Project Management 9,240.00Labor Sub Total: Labor & Equipment Total:122,621.28 Total value 122,621.28 plus Tax $ Due Upon Receipt Payment Terms: Special Terms and Conditions Due upon receipt Exclusions: 1. Any other work than described and quoted 2. 120vac power 3. Conduit/Raceway/Wiremold 4. Core Drilling 5. Card holder programming 6. Cutting/Patching/Painting 7. Handling of Hazardous Materials 8. Existing Code Violations 9. Unforeseen/Hidden Conditions 10. After Hours Work 11. Sales Tax WARRANTY 1 YEAR PARTS AND LABOR (MONDAY-FRIDAY 7AM-4PM) Accepted By:______________________________________Date:________________________________ Printed Name:_______________________________PO Number:________________________________ SECURING YOUR ENVIRONMENT 113,381.28 9,240.00 Net Total Material: Net Total Labor: $ $