Proposed Ordinance, including Exhibit A: Revised Conditions of Approval

ORDINANCE NO. 22–__
Ordinance Of The City Council Of The City Of Emeryville Adopting An Amendment To The Marketplace Redevelopment Project Planned Unit Development/Preliminary Development Plan (PUD/PDP) To Transfer The Requirement For 10 Townhome Units From Parcel A (Referred To As The “Shellmound Building” In The Approved PUD/PDP) To Parcel F (Referred To As “Retail Pad #1” In The Approved PUD/PDP) And To Change The Maximum Height On Parcel B From 120 Feet To 175 Feet (APN Nos. 49-1556-15; -16; And -17) (CEQA Determination: Environmental Impact Report For Marketplace Redevelopment Project Certified By City Council on January 15, 2008) WHEREAS, on January 15, 2008, the City Council adopted Resolution No. 08-09, certifying the Environmental Impact Report (EIR) for the Marketplace Redevelopment Project as adequate under the California Environmental Quality Act (CEQA), and, on July 15, 2008, the City Council adopted Resolution No. 08-126, applying the EIR to the Marketplace Redevelopment Project, and
WHEREAS, on August 5, 2008, the City Council passed Ordinance No. 08-004 approving the Marketplace Redevelopment Project Planned Unit Development/Preliminary Development Plan (PUD/PDP); and WHEREAS, between February 2015 and June 2016, the Planning Commission approved a number of Final Development Plans (FDPs) and a subdivision map to allow for a grocery store (Parcel C1); realignment of Shellmound Street; creation of 62nd Street, 63rd Street, and Market Drive; construction of three residential buildings (Parcel A, Parcel C2, and Parcel D); a parking structure with ground floor retail (Parcel B); and the redevelopment and expansion of Christie Park (Parcel E); and WHEREAS, construction of the grocery store building (Parcel C1) and the realignment of Shellmound Street and creation of 62nd and 63rd Streets and Market Drive, two residential buildings (Parcel C2 and Parcel D), and Christie Park (Parcel E) are now complete; and
WHEREAS, the first FDP (FDP5-001) for Parcel B was originally approved on June 23, 2016, which accommodated parking with ground floor retail. This parking garage was to provide parking for existing commercial uses that have been served by previous surface parking lots (Parcel C) and are being served by existing surface parking lots (Parcel A); and
WHEREAS, subsequently, the applicant proposed to replace this FDP for Parcel B with a new FDP to accommodate 150,000 square feet of Research and Development (office/lab) space in addition to ground floor retail space and 565 parking spaces (FDP18-001). This was approved by the Planning Commission on January 24, 2019, thereby rescinding FDP15-001; and
WHEREAS, the Planning Commission decision was appealed by Wareham Development. On January 21, 2020, after a year of project modifications and hearings,

Ordinance No. 22- __
Marketplace Redevelopment Project PUD/PDP Amendment
City Council Meeting | October 4, 2022

Page 2 of 6 ends

the City Council approved a slightly different proposal accommodating the same amount of office/lab space; and
WHEREAS, the Marketplace PUD/PDP was sold to New York-based Oxford Properties in the spring of 2021 who, on April 9, 2021, applied for a new FDP to replace the existing entitlements on Parcels A and B and provide for development on Parcel F; and WHEREAS, the new FDP was subsequently modified, and, as currently proposed, is to construct three buildings comprised of a ten-level approximately 421,000 square foot Research and Development building, a pavilion building of about 3,000 square feet of ground floor retail space, and a six-level parking garage accommodating 711 parking spaces.; and
WHEREAS, the new FDP proposal (FDP21-001) requires two amendments to the Planned Unit Development/Preliminary Development Plan (PUD04-02) Conditions of Approval, which are attached and incorporated herein as Exhibit A; and WHEREAS, the first PUD/PDP Amendment involves a change to Condition of Approval Number III.A.1(d) that requires construction of ten townhomes on Parcel A (referred to as the “Shellmound Building” in the PUD/PDP). The amendment changes this condition such that it transfers the requirement of ten townhomes to Parcel F (referred to as Retail Pad #1 in the PUD/PDP); and
WHEREAS, the second PUD/PDP amendment involves a change to Condition of Approval Number I.A.3 to clarify and change the maximum allowable height of Parcel B.

The PDP Build-Out Plan indicates the maximum height on Parcel B (roughly identified “Office 1” on the PDP Build-Out Plan) to be 120 feet and the maximum height of the adjacent building on Parcel A (roughly identified as “Residential 3”) to be 175 feet. The proposed height of the R & D building is 162 feet. The second amendment modifies Condition I.A.3 to change the height of the building identified as “Office 1” from 120 feet to 175 feet; and
WHEREAS, an environmental checklist has been prepared for the new proposal that confirms that there have been no substantial changes in the proposed project, or to the circumstances under which the project will be undertaken, and no new information of substantial importance exists which would require preparation of a subsequent EIR pursuant to State CEQA Guidelines Section 15162; and
WHEREAS, the Emeryville Planning Commission held a duly and properly noticed public hearing on the proposed PUD/PDP amendments on August 25, 2022 to solicit public comments and review and consider the proposed amendments, and then voted to recommend that the City Council approve the proposed amendments; and

Ordinance No. 22- __
Marketplace Redevelopment Project PUD/PDP Amendment
City Council Meeting | October 4, 2022

Page 3 of 6 ends

WHEREAS, the City Council held a duly and properly noticed public hearing on the proposed PUD/PDP Amendment on September 20, 2022; and
WHEREAS, the City Council has reviewed and considered the staff report and attachments thereto, the plans, all public comments, and the proposed amendment to the Marketplace PUD/PDP, subject to the conditions and requirements set forth in Exhibit A attached to this Ordinance and the applicable standards of the Emeryville Planning Regulations (“the Record”);

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EMERYVILLE DOES HEREBY ORDAIN AS FOLLOWS:

SECTION ONE. PURPOSE AND INTENT
The purpose and intent of this Ordinance is to adopt an amendment to the approved Marketplace Redevelopment Project Planned Unit Development/Preliminary Development Plan (PUD/PDP) to transfer the requirement for 10 townhome units from Parcel A (referred to as the “Shellmound Building” in the approved PUD/PDP) to Parcel F (referred to as “Retail Pad #1” in the approved PUD/PDP), and to change the maximum height on Parcel B from 120 feet to 175 feet.

SECTION TWO. REQUIRED FINDINGS FOR ADOPTING ORDINANCE
In approving the proposed amendment to the Marketplace PUD/PDP, as required by Section 9-7.1004(a) of the Planning Regulations, the City Council finds that the findings set forth in Ordinance No. 08-004 are still applicable to the PDP/PUD as modified by the proposed amendment, and makes the following additional findings:
(1) The proposed planned unit development conforms to the adopted General Plan and any other applicable plans.

The proposed transfer of construction of ten townhome units from Parcel A (referred to as the “Shellmound Building” in the PUD) to Parcel F (referred to as “Retail Pad #1” in the PUD) conforms to the General Plan Land Use designation of Mixed Use with Residential that encourages housing development. The amendment simply transfers the location of the townhouse units. Additionally, the change in height from 120 feet to 175 feet is also within the height limits of the General Plan Maximum Building Height Map that designates no maximum height at this location. (2) The proposed planned unit development will provide for a cohesive, integrated, well-planned development which will contribute to the general well-being of the surrounding neighborhood or community.

Ordinance No. 22- __
Marketplace Redevelopment Project PUD/PDP Amendment
City Council Meeting | October 4, 2022

Page 4 of 6 ends

The proposed amendments to the PUD will not change the mixed-use character of the Marketplace PUD and will continue to provide a vibrant urban environment for pedestrians, residents, and the general citizenry.
(3) The project site is suitable for the uses permitted in the planned unit development in terms of access, size of parcel and relationship to similar or related uses.

The proposed amendments will have no impact on the suitability of the PUD in terms of access, size of parcel or the relationship to the other uses within the project site or project vicinity. (4) The location, size, coverage, density, design and operating characteristics of the proposed planned unit development will be compatible with, and will not adversely affect, the surrounding area, including neighborhood character, street design and capacity, safety, noise, and lighting.

The proposed height amendment is within the range of height limits in the original PUD and the transfer of construction of townhomes within the PUD site will not materially impact neighborhood character, availability of civic facilities, capacity of streets, physical safety or the amount of light falling on adjacent buildings and open space.
(5) The subject property will be developed with due regard for aesthetic quality and landscaping so as to reduce, to the extent feasible, significant negative impacts on the environmental quality, value, or stability of the site or the environmental quality or value of improved or unimproved property in the area.

The proposed amendments will not have any impact on the aesthetic quality because the change in height is not substantial and transfer of construction of townhomes to a different location does not involve aesthetic considerations. Furthermore, the Final Development Plan approval process for all new proposed buildings will ensure that new construction complies with the City’s Design Guidelines. (6) The proposed planned unit development will be developed to allow originality which does not have significant adverse impacts on the environmental quality or value of improved or unimproved property or prevent appropriate development and use of such areas.

Ordinance No. 22- __
Marketplace Redevelopment Project PUD/PDP Amendment
City Council Meeting | October 4, 2022

Page 5 of 6 ends

The proposed amendments involving a minor change in height and relocation of some housing units will not adversely impact environmental quality or the value of surrounding properties. (7) The proposed planned unit development has been designed to include open space, parking areas; pedestrian walks, signs, illumination and landscaping (including irrigation) to enhance the environmental quality of the site.

The proposed amendments do not have any impact on open space, parking, pedestrian walks, signs, illumination or landscaping.

SECTION THREE: ADOPTION OF AMENDMENT TO THE APPROVED

PRELIMINARY DEVELOPMENT PLAN
Based on the findings set forth in this Ordinance, and the evidence in the record, the City Council hereby approves the amendment to the Marketplace Redevelopment Project Preliminary Development Plan (PDP) Conditions of Approval Number III.A.1(d) and Number I.A.3 that transfer construction of townhomes to “Retail Pad # 1” (Parcel F) and change the maximum height of “Office 1” on the “Shellmound Site” (Parcel B) from 120 feet to 175 feet, as set forth in the revised Conditions of Approvals, attached as Exhibit A and incorporated into this Ordinance by this reference..

SECTION FOUR: CEQA DETERMINATION
The project is covered by the Marketplace Redevelopment Project Environmental Impact Report (EIR) certified by the City Council on January 15, 2008 (Resolution No.08-09), which applies to the proposed PUD/PDP amendments. As detailed in the Environmental Checklist for Marketplace Parcels A, B and F, which evaluates all impact areas under the California Environmental Quality Act (CEQA), and is included in the Record, there have been no substantial changes in the proposed project, or to the circumstances under which the project will be undertaken, and no new information of substantial importance exists which would require preparation of a subsequent EIR under State CEQA Guidelines Section 15162.

SECTION FIVE. SEVERABILITY
The City Council hereby declares that every section, paragraph, clause and phrase of this Ordinance is severable. If, for any reason, any section, paragraph, clause or phrase is held to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining sections, paragraphs, clauses or phrases.

Ordinance No. 22- __
Marketplace Redevelopment Project PUD/PDP Amendment
City Council Meeting | October 4, 2022

Page 6 of 6 ends

SECTION SIX. CODIFICATION.

This Ordinance shall not be codified in the Emeryville Municipal Code.

SECTION SEVEN. EFFECTIVE DATE AND POSTING.

This Ordinance shall take effect 30 days following its final passage. The City Clerk is directed to cause copies of this Ordinance to be posted or published as required by California Government Code Section 33693.

This Ordinance was introduced and first read by the City Council of the City of Emeryville at a regular meeting held on Tuesday, September 20, 2022, and PASSED AND ADOPTED by the City Council at a regular meeting held on Tuesday, October 4, 2022, by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

ATTEST:

MAYOR
APPROVED AS TO FORM:

CITY CLERK CITY ATTORNEY
Attachment:

Exhibit A - Conditions of Approval

&21',7,2162)$33529$/
0DUNHWSODFH5HGHYHORSPHQW3URMHFW
3ODQQHG8QLW'HYHORSPHQW3UHOLPLQDU\'HYHORSPHQW3ODQ
6KHOOPRXQG6WUHHW

&KULVWLH$YHQXH
)LOH1XPEHU
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
&LW\&RXQFLO2UGLQDQFH1R
$PHQGHG2FWREHU
&LW\&RXQFLO2UGLQDQFH1RBBB
$VDSSURYHGE\WKH&LW\&RXQFLOSXUVXDQWWR2UGLQDQFH1RRQ$XJXVW ³$Q
2UGLQDQFHRIWKH&LW\&RXQFLORIWKH&LW\RI(PHU\YLOOHDSSURYLQJDQGHVWDEOLVKLQJD3ODQQHG 8QLW'HYHORSPHQW0L[HG8VH=RQLQJ'HVLJQDWLRQIRU0DUNHWSODFHVLWHDQGDSSURYLQJDQG DGRSWLQJD3UHOLPLQDU\'HYHORSPHQW3ODQRQDDFUHVLWHERXQGHGE\WK6WUHHWWRWKHQRUWK 3RZHOO6WUHHWWRWKH6RXWKWKH$PWUDN8QLRQ3DFLILFUDLOURDGWUDFNVWRWKHHDVWDQG&KULVWLH $YHQXHWRWKHZHVW´

³$SSOLFDQW´LQWKHVH&RQGLWLRQVRI$SSURYDOVKDOOPHDQDQDSSOLFDQWIRUDQ\3UHOLPLQDU\ 'HYHORSPHQW3ODQ
3'3
RU)LQDO'HYHORSPHQW3ODQ
)'3
DSSURYDOIRUWKLVSURMHFWXQOHVV
RWKHUZLVHH[SUHVVO\OLPLWHGWRDQDSSOLFDQWIRUDSDUWLFXODU)'3DSSURYDO , &203/,$1&(:,7+$33529$/6
$ 352-(&7$33529$/6$OOSKDVHVRIWKHSURMHFWVKDOOEHFRQVWUXFWHGDQG RSHUDWHGLQDFFRUGDQFHZLWKWKHIROORZLQJDFWLRQVE\WKH&LW\&RXQFLODQG 5HGHYHORSPHQW$JHQF\

$PHQGPHQWWRWKH*HQHUDO3ODQWRFKDQJHWKHEXLOGLQJLQWHQVLW\ )ORRU$UHD5DWLR
)$5
IURPWRIRUSDUFHOVFRQVWLWXWLQJWKH
0DUNHWSODFH5HGHYHORSPHQWSURMHFWDUHDLGHQWLILHGE\$VVHVVRU¶V3DUFHO 1XPEHUV

DQG
5HVFLQG8VH3HUPLW83DQG$SSURYDORI3UHOLPLQDU\ 'HYHORSPHQW3ODQ
3'3
IRUWKHSURMHFWLQFOXGLQJDUH]RQLQJRIWKH
0DUNHWSODFH5HGHYHORSPHQWDUHDLGHQWLILHGE\$VVHVVRU¶V3DUFHO1XPEHUV

DQG

DQG
Exhibit A

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
IURP0L[HG8VH
08
WR3ODQQHG8QLW'HYHORSPHQW
38'
0L[HG
8VHDQGDPHQGPHQWRIWKH%XLOGLQJ+HLJKW0DSIRUWKH0DUNHWSODFH 5HGHYHORSPHQW$UHDLGHQWLILHGE\$VVHVVRU¶V3DUFHO1XPEHUV

DQG

DQGIURP
IHHWDQG
IHHWWR38'0L[HG8VH7KHH[LVWLQJXVHVDXWKRUL]HGXQGHU 8VH3HUPLW83VKDOOEHFRQVLGHUHGOHJDOO\FRQIRUPLQJXVHV $SSURYDORI3UHOLPLQDU\'HYHORSPHQW3ODQ
3'3
ZLWKWKH
IROORZLQJPDMRUFRPSRQHQWVDVPD\EHPRGLILHGLQDFFRUGDQFHZLWK WKHVH&RQGLWLRQVRI$SSURYDOVVRORQJDVGRQRWH[FHHG)$5RILQWKH DJJUHJDWHWKHKHLJKWRUJHQHUDOPDVVLQJVKRZQRQWKHDSSURYHG3'3

GHILQHGEHORZ

3KDVH,

WKDQG&KULVWLH6LWH
5HPRYDORIH[LVWLQJZDUHKRXVHEXLOGLQJV
DQGFRQVWUXFWLRQRI

5HVLGHQWLDO
UHVLGHQWLDOXQLWV
3DUNLQJ(
SDUNLQJVSDFHV
&RPPHUFLDO$
VTIWRIUHWDLOVSDFH
+HLJKW
OHYHOVZLWKDPD[LPXPKHLJKWRIIHHW

6KHOOPRXQGVLWH
&RQVWUXFWLRQRI

1RUWKHUQ3RUWLRQ

5HVLGHQWLDO

XQLWV
5HWDLO&
VTIW
3DUNLQJ%
VSDFHV
+HLJKW
OHYHOWRZHUZLWKDPD[LPXPKHLJKWRIIHHW
6RXWKHUQ3RUWLRQ

5HVLGHQWLDO
WRZQKRXVHV
5HWDLO%
VTIW
3DUNLQJ$
VSDFHV
+HLJKW
OHYHOVZLWKPD[LPXPKHLJKWRIIHHW
(DVWHUQSRUWLRQ

5HWDLO$
NLRVN

VTIW
RQHOHYHO

5HWDLO3DG
VTIW
JURXQGOHYHO

+HLJKW
OHYHO
3KDVH,,$
2SWLRQ

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
6KHOOPRXQG6LWH
&RQVWUXFWLRQRI

2IILFH
VTIW
IORRUVRYHUIORRUVRISDUNLQJ

&RPPHUFLDO(

VTIW
IORRUV

3DUNLQJ&
VSDFHV
IORRUV

+HLJKW
0D[LPXPKHLJKWQRWWRH[FHHGIHHW
5HORFDWLRQRI6KHOOPRXQG6WUHHW
3KDVH,,$
2SWLRQ

8QLWHG7KHDWHUV
8$
VLWH
5HPRYDORI8$7KHDWHUVDQG
FRQVWUXFWLRQRI

5HVLGHQWLDO
XQLWV
OHYHOV
IHHW

5HVLGHQWLDO
WRZQKRXVHV
OHYHOV
IHHW

5HWDLO)
VTIW
OHYHOV±IHHW

&RPPHUFLDO*
VTIW
RQHOHYHO

3DUNLQJ'
VSDFHV
OHYHOVZLWKURRISDUNLQJ

5HORFDWLRQRI6KHOOPRXQG6WUHHW
3KDVH,,%

6KHOOPRXQG6LWH
&RQVWUXFWLRQRI

2IILFH
VTIW
IORRUVRYHUIORRUVRISDUNLQJ

&RPPHUFLDO(

VTIW
IORRUV

3DUNLQJ&
VSDFHV
IORRUV

+HLJKW
0D[LPXPKHLJKWQRWWRH[FHHGIHHW
8QLWHG7KHDWHUV
8$
VLWH
5HPRYDORI8$7KHDWHUVDQG
FRQVWUXFWLRQRI

5HVLGHQWLDO
XQLWV
OHYHOV
IHHW

5HVLGHQWLDO
WRZQKRXVHV
OHYHOV
IHHW

5HWDLO)
VTIW
OHYHOV±IHHW

&RPPHUFLDO*
VTIW
RQHOHYHO

3DUNLQJ'
VSDFHV
OHYHOVZLWKURRISDUNLQJ

1HZ3DUNDQG5HWDLO3DG
VTIW
&RQVWUXFWLRQRIUG6WUHHW
3KDVH,,,

5HVLGHQWLDO
XQLWV
OHYHOV

5HWDLO+
VTIW

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
3DUNLQJ)
VSDFHV
OHYHOV

+HLJKW
0D[LPXPKHLJKWRIIHHW
&RQVWUXFWLRQRIQG6WUHHW
% $33529('3/$167KHIXWXUH)LQDO'HYHORSPHQW3ODQVIRUHDFKSKDVHRIWKH SURMHFWVKDOOVXEVWDQWLDOO\FRPSO\ZLWKWKHSODQV3'3SODQVGDWHG$SULO HQWLWOHG³0DUNHWSODFH5HGHYHORSPHQW´SUHSDUHGE\+HOOHU0DQXV$UFKLWHFWV SDJHVWRH[FHSWWKDWWKHFRQVWUXFWLRQRIWKHSDUNVKDOOEHFRPSOHWHGSULRUWR WKHLVVXDQFHRIDQ\WHPSRUDU\FHUWLILFDWHRIRFFXSDQF\RIDQ\EXLOGLQJLQ3KDVH,, & $33529$/())(&7,9(1(66$1''85$7,217KHWHUPRIWKHDSSURYDORI WKH38'3'3SHUPLWVKDOODXWRPDWLFDOO\H[SLUHLIWKHIROORZLQJHYHQWVGRQRW RFFXUDVRXWOLQHGEHORZIURPWKHGDWHRIWKLVDSSURYDO7LPHH[WHQVLRQVPD\EH UHTXHVWHGE\DSSO\LQJWRWKH&LW\&RXQFLOIRUVXFKDQH[WHQVLRQSHULRGSULRUWRWKH H[SLUDWLRQGDWHVLQGLFDWHGEHORZ

3KDVH,

7KHILUVW)'3VKDOOEHVXEPLWWHGZLWKLQ\HDUVRIWKHDSSURYDORIWKH 38'3'3
7KHILUVWEXLOGLQJSHUPLWVKDOOEHLVVXHGZLWKLQ\HDUVRIWKHDSSURYDORIWKH 38'3'3
7KHODVW)'3VKDOOEHVXEPLWWHGZLWKLQ\HDUVRIDSSURYDORIWKH38'3'3 3KDVH,VKDOOEHFRPSOHWHO\FRQVWUXFWHGZLWKLQ\HDUVRIDSSURYDORIWKH 38'3'3
3KDVH,,

7KHILUVW)'3VKDOOEHVXEPLWWHGZLWKLQ\HDUVRIWKHDSSURYDORI38'3'3 7KHILUVWEXLOGLQJSHUPLWVKDOOEHVXEPLWWHGZLWKLQ\HDUVRIWKHDSSURYDORI 38'3'3
3KDVH,,VKDOOEHFRPSOHWHO\FRQVWUXFWHGZLWKLQ\HDUVRIWKHDSSURYDORI 38'3'3
3KDVH,,,

7KHILUVW)'3VKDOOEHVXEPLWWHGZLWKLQ\HDUVDIWHUWKHDSSURYDORIWKHILUVW )'3RI3KDVH,,
7KHILUVWEXLOGLQJSHUPLWVKDOOEHVXEPLWWHG\HDUVDIWHUWKHDSSURYDORIWKHILUVW )'3RI3KDVH,,,
3KDVH,,,VKDOOEHFRPSOHWHO\FRQVWUXFWHGZLWKLQ\HDUVRIWKHDSSURYDORIWKH 38'3'3
' ,167$//$7,21$1'0$,17(1$1&(2),03529(0(176$OO
LPSURYHPHQWVVKDOOEHFRQVWUXFWHGDQGLQVWDOOHGLQDFFRUGDQFHZLWKWKHVH DSSURYDOVDQGDSSOLFDEOHSURYLVLRQVRIWKH(PHU\YLOOH0XQLFLSDO&RGH2QFH FRQVWUXFWHGRULQVWDOOHGDOOLPSURYHPHQWVVKDOOEHPDLQWDLQHGDVDSSURYHG

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
0LQRUFKDQJHVPD\EHDSSURYHGE\WKH3ODQQLQJ'LUHFWRU7KHDSSOLFDQWPD\ VXEPLWLPSURYHPHQWSODQVIRULQWHULPSDUNLQJORWUHVWULSLQJODQGVFDSLQJ PRGLILFDWLRQVDQGRUVLJQDJHUHODWHGWRDQ\H[LVWLQJXVHZLWKLQ(PHU\YLOOH 0DUNHWSODFHSULRUWRVXEPLVVLRQRIDQ)'3
( &203/,$1&(:,7+7+(081,&,3$/&2'($1'*(1(5$/3/$11R SDUWRIWKLVDSSURYDOVKDOOEHFRQVWUXHGWREHDYLRODWLRQRIWKH(PHU\YLOOH 0XQLFLSDO&RGHRUWKH*HQHUDO3ODQ2SHUDWLRQVRQWKLVVLWHVKDOOEHFRQGXFWHGLQ DPDQQHUWKDWGRHVQRWFUHDWHDSXEOLFRUSULYDWHQXLVDQFHRURWKHUZLVHYLRODWHWKH (PHU\YLOOH0XQLFLSDO&RGHDQGVKDOOFRPSO\ZLWKDOOSURYLVLRQVRIWKH&RGH ) )$,/85(72&203/<:,7+&21',7,2162)$33529$/,I$SSOLFDQW FRQVWUXFWVEXLOGLQJVRUPDNHVLPSURYHPHQWVLQDFFRUGDQFHZLWKWKHVHDSSURYDOV EXWIDLOVWRFRPSO\ZLWKDQ\RIWKHFRQGLWLRQVRIDSSURYDORUOLPLWDWLRQVVHWIRUWK LQWKHVH&RQGLWLRQVRI$SSURYDODQGGRHVQRWFXUHDQ\VXFKIDLOXUHZLWKLQD UHDVRQDEOHWLPHDIWHUQRWLFHIURPWKH&LW\RI(PHU\YLOOH ³&LW\´
WKHQVXFK
IDLOXUHVKDOOEHFDXVHIRUQRQLVVXDQFHRIDFHUWLILFDWHRIRFFXSDQF\UHYRFDWLRQRU PRGLILFDWLRQRIWKHVHDSSURYDOVRUDQ\RWKHUUHPHGLHVDYDLODEOHWRWKH&LW\ * $33/,&$7,217268&&(66256,1,17(5(677KHVH&RQGLWLRQVRI $SSURYDOVKDOODSSO\WRDQ\VXFFHVVRULQLQWHUHVWLQWKHSURSHUW\DQG$SSOLFDQW VKDOOEHUHVSRQVLEOHIRUDVVXULQJWKDWWKHVXFFHVVRULQLQWHUHVWLVLQIRUPHGRIWKH WHUPVDQGFRQGLWLRQVRIWKLV]RQLQJDSSURYDO
,, *(1(5$/&21',7,216
$ ,1'(01,),&$7,21$SSOLFDQWLWVDVVLJQHHVDQGVXFFHVVRUVLQLQWHUHVWVKDOO GHIHQGKROGKDUPOHVVDQGLQGHPQLI\WKH&LW\RI(PHU\YLOOHWKH&LW\RI (PHU\YLOOH5HGHYHORSPHQW$JHQF\WKH%D\&LWLHV-RLQW3RZHUV,QVXUDQFH $XWKRULW\DQGWKHLUUHVSHFWLYHRIILFLDOVRIILFHUVDJHQWVDQGHPSOR\HHV WKH
,QGHPQLILHG3DUWLHV
DJDLQVWDOOFODLPVGHPDQGVDQGMXGJPHQWVRURWKHUIRUPVRI OHJDODQGRUHTXLWDEOHUHOLHIZKLFKPD\RUVKDOOUHVXOWIURP
DQ\OHJDO
FKDOOHQJHRUUHIHUHQGXPILOHGDQGSURVHFXWHGWRRYHUWXUQVHWDVLGHVWD\RU RWKHUZLVHUHVFLQGDQ\RUDOOILQDOSURMHFWRU]RQLQJDSSURYDOVDQDO\VLVXQGHUWKH &DOLIRUQLD(QYLURQPHQWDO4XDOLW\$FWRUJUDQWLQJRIDQ\SHUPLWLVVXHGLQ DFFRUGDQFHZLWKWKH3URMHFW
RU
$SSOLFDQW¶VGHVLJQFRQVWUXFWLRQDQGRU
PDLQWHQDQFHRIWKHSXEOLFLPSURYHPHQWVVHWIRUWKLQWKHILQDOEXLOGLQJSODQV $SSOLFDQWVKDOOSD\IRUDOOGLUHFWDQGLQGLUHFWFRVWVDVVRFLDWHGZLWKDQ\DFWLRQ KHUHLQ'LUHFWDQGLQGLUHFWFRVWVDVXVHGKHUHLQVKDOOPHDQEXWQRWEHOLPLWHGWR DWWRUQH\¶VIHHVH[SHUWZLWQHVVIHHVDQGFRXUWFRVWVLQFOXGLQJZLWKRXWOLPLWDWLRQ &LW\$WWRUQH\WLPHDQGRYHUKHDGFRVWVDQGRWKHU&LW\6WDIIRYHUKHDGFRVWVDQG QRUPDOGD\WRGD\EXVLQHVVH[SHQVHVLQFXUUHGE\WKH&LW\LQFOXGLQJEXWQRW OLPLWHGWRDQ\DQGDOOFRVWVZKLFKPD\EHLQFXUUHGE\WKH&LW\LQFRQGXFWLQJDQ HOHFWLRQDVDUHVXOWRIDUHIHUHQGXPILOHGWRFKDOOHQJHWKHSURMHFWDSSURYDOV7KH ,QGHPQLILHG3DUWLHVVKDOOSURPSWO\QRWLI\WKH$SSOLFDQWLWVDVVLJQHHVDQG

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
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
& 675((7&+$1*(67KH)LQDO(,5LGHQWLILHGDQXPEHURIVWUHHWFKDQJHVWKDW DUHDUHVXOWRIFXPXODWLYHFKDQJHVDQGPD\EHFRQVWUXFWHGRYHUWLPH7KHUHIRUH WKHIROORZLQJFRQGLWLRQVDSSO\IRUWKLVSURMHFW

7KH&LW\VKDOOXSGDWHLWV7UDIILF,PSDFW)HH,PSDFWIHHWRLQFOXGHWKHVWUHHW LPSURYHPHQWVLGHQWLILHGEHORZDQGWKHDSSOLFDQWVKDOOSD\WKHLUIDLUVKDUHFRVWRI WKHLPSURYHPHQWEDVHGRQWKHXSGDWHG7UDIILF,PSDFW)HH 7KHVWUHHWFKDQJHVLGHQWLILHGLQWKH(,5DUH
75$)D75$)D75$)
75$)75$)75$)75$)75$)
75$)75$)75$)
75$)75$)75$)75$)
75$)75$)75$))
75$)DQG75$)

L
,5DPSV3RZHOO6WUHHW,QWHUVHFWLRQ5HFRQVWUXFWWKHRIIUDPSWRSURYLGH GXDOOHIWWXUQDQGGXDOULJKWWXUQODQHV7KHDGGLWLRQDOODQHVKRXOGEHDERXW
IHHW5HFRQVWUXFWWKHVRXWKHDVWFRUQHURIWKH3RZHOO6WUHHW,(DVWERXQG5DPSV LQWHUVHFWLRQLPSURYLQJWKHFXUEUDGLLWRIHHW5HORFDWHWKHQRUWKVLGHRI3RZHOO 6WUHHWWRIHHWEHWZHHQ&KULVWLH$YHQXHDQG(DVWERXQG,5DPSVWRDOLJQ ZHVWERXQG3RZHOO6WUHHWWKURXJKODQHVDFURVVWKHLQWHUVHFWLRQZLWK(DVWERXQG, 5DPSV7KLVLPSURYHPHQWZLOODOVRDOORZWKHZLGHQLQJRIWKHHDVWERXQG ULJKWWXUQODQHDWWKH3RZHOO6WUHHW&KULVWLH$YHQXHLQWHUVHFWLRQWRIHHWDQG FRQVWUXFWLRQRIDSHGHVWULDQPHGLDQUHIXJHRQWKHZHVWVLGHRIWKH3RZHOO 6WUHHW&KULVWLH$YHQXHLQWHUVHFWLRQ

LL
3RZHOO6WUHHW&KULVWLH$YHQXH,QWHUVHFWLRQ5HFRQVWUXFWWKHZHVWERXQG DSSURDFKWRSURYLGHDVHFRQGOHIWWXUQODQH7KHUHVXOWLQJWZROHIWWXUQODQHV VKRXOGEHIHHWLQOHQJWK7KHVRXWKVLGHRIWKH3RZHOO6WUHHWEULGJHZRXOG QHHGWREHZLGHQHGE\DERXWIHHWWRDFFRPPRGDWHWKHVHFRQGOHIWWXUQODQH 5HFRQVWUXFWWKHVRXWKERXQGDSSURDFKWRSURYLGHDVRXWKERXQGOHIWWXUQODQH LQ
DGGLWLRQWRWKHVKDUHGOHIWWKURXJKODQHDQGDFHQWUDOPHGLDQ 7KHODQHZRXOG
H[WHQGIURP3RZHOO6WUHHWEDFNWR6KHOOPRXQG:D\7KLVFKDQJHZRXOGUHTXLUH ZLGHQLQJWKHZHVWVLGHRI&KULVWLH$YHQXHE\DERXWIHHW7KLVFKDQJHUHTXLUHV ULJKWRIZD\DORQJWKHZHVWVLGHRI&KULVWLH$YHQXH5HWLPHWKH3RZHOO&KULVWLH

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
/RRSVLJQDOL]HGLQWHUVHFWLRQVWRFRRUGLQDWHWKHFULWLFDOPRYHPHQWVWKURXJKWKH LQWHUVHFWLRQ
7KHVHDERYHVWUHHWFKDQJHVVKDOOEHFRQVLGHUHGDVDFRPSRQHQWRID FRPSUHKHQVLYHVWUHHWVFDSHGHVLJQIRUWKHDUHDWREHXQGHUWDNHQE\WKH&LW\ZKHUH WUDYHOE\DOOPRGHV
HJSHGHVWULDQELF\FOHSXEOLFWUDQVLWSULYDWHDXWRPRELOH LV
RSWLPL]HG,IWKHFRPSUHKHQVLYHVWUHHWVFDSHGHVLJQDSSURYHGE\WKH&LW\IRUWKH DUHDPDNHVDOORUDSRUWLRQRIWKHDIRUHPHQWLRQHGVWUHHWFKDQJHVLQIHDVLEOHWKHQ WKH&LW\VKDOOQRWXQGHUWDNHWKHLPSOHPHQWDWLRQRIQRULQFOXGHVXFKVWUHHWFKDQJHV LQWKHXSGDWHRILWV7UDIILF)DFLOLWLHV,PSDFW)HH3URJUDP
LLL
3RZHOO6WUHHW+ROOLV6WUHHW,QWHUVHFWLRQ,PSOHPHQWSURWHFWHGSHUPLWWHG VLJQDOSKDVLQJIRUWKHQRUWKVRXWKOHIWWXUQPRYHPHQWV
LY
6KHOOPRXQG6WUHHWWK6WUHHWDQGWKH2YHUODQG6WUHHWWK6WUHHW ,QWHUVHFWLRQV0RGLI\VLJQDORSHUDWLRQVWRSURYLGHSURWHFWHGSHUPLWWHGOHIWWXUQV RQWKHVRXWKERXQG6KHOOPRXQG6WUHHWDSSURDFK

Y
WK6WUHHW+ROOLV6WUHHW,QWHUVHFWLRQ5HWLPHWKHWUDIILFVLJQDOVRQWKHWK 6WUHHWFRUULGRUWRLPSURYHWUDIILFIORZDQGPLQLPL]HGHOD\DQGTXHXLQJ
YL
WK6WUHHW+ROOLV6WUHHW,QWHUVHFWLRQ5HWLPHWKLVWUDIILFVLJQDOWRLPSURYH WUDIILFIORZDQGPLQLPL]HGHOD\DQGTXHXLQJ

YLL
WK6WUHHW+RUWRQ6WUHHW,QWHUVHFWLRQ&KDQJHWKHSKDVLQJRIWKHQRUWKERXQG DQGVRXWKERXQGDSSURDFKHVIURPVSOLWSKDVLQJWRVLPXOWDQHRXVQRUWKVRXWKOHIW WXUQSKDVLQJ$WXUQODQHVKRXOGEHDGGHGE\UHPRYLQJRQVWUHHWSDUNLQJ'HVLJQ VKRXOGLQFOXGHELNHODQHV

YLLL
WK6WUHHW(PHU\6WUHHW,QWHUVHFWLRQ&KDQJHWKHSKDVLQJRIWKHQRUWKERXQG DQGVRXWKERXQGDSSURDFKHVIURPVSOLWSKDVLQJWRSKDVLQJWKDWDOORZVIRU SURWHFWHGQRUWKVRXWKODJOHDGOHIWWXUQVZLWKDODJJLQJQRUWKERXQGOHIWWXUQDQGD OHDGLQJVRXWKERXQGOHIWWXUQ$WXUQODQHVKRXOGEHDGGHGE\UHPRYLQJRQVWUHHW SDUNLQJ'HVLJQVKRXOGLQFOXGHELNHODQHV

L[
WK6WUHHW6DQ3DEOR$YH,QWHUVHFWLRQ3URYLGHDQH[FOXVLYHHDVWERXQGULJKW WXUQODQH,QVWDOOWKLVLPSURYHPHQWZLWKDULJKWWXUQRYHUODSSKDVHDQGUHWLPLQJRI WKHVLJQDOVRQWKHWK6WUHHWDQG6DQ3DEOR$YHQXHFRUULGRUVWDNLQJLQWRDFFRXQW %57RSHUDWLRQ7KHGHVLJQVKDOODFFRPPRGDWHF\FOLVWV
[
0DQGHOD3DUNZD\+RUWRQ6WUHHW,QWHUVHFWLRQ,QVWDOODWUDIILFVLJQDODQG FRQVWUXFWDQH[FOXVLYHVRXWKERXQGULJKWWXUQODQHZLWKRYHUODSSKDVLQJ7KHILQDO GHVLJQPXVWLQFOXGH%D\7UDLODOLJQPHQW
LHELNHODQHVDQGVLGHZDONV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
$VKE\$YH6DQ3DEOR$YH7KHDSSOLFDQWVKDOOSD\DIHHEDVHGRQLWVIDLUVKDUHRI WKHSURMHFW¶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
75$)

' ),5($1'32/,&('(3$570(17&21',7,216
,QVWDOODWLRQRIDOOZDWHUPDLQVLQ6KHOOPRXQG6WUHHWLQWKHQHZH[WHQVLRQRIUG 6WUHHWDVZHOODVXSJUDGHVWRWKHH[LVWLQJSULYDWHZDWHUPDLQWKDWVHUYHVWKH H[LVWLQJ3XEOLF0DUNHWVKDOOEHSXEOLFZDWHUPDLQV7KHDSSOLFDQWVKDOOFRRUGLQDWH ZLWKWKH&LW\)LUH'HSDUWPHQWDQG3XEOLF:RUNV'HSDUWPHQWDQG(%08'WR GHWHUPLQHWKHDFFHSWDEOHVL]HDQGGHVLJQRIWKHZDWHUPDLQ1RGHDGHQGPDLQV VKDOOEHSHUPLWWHG)LUHK\GUDQWV
SXEOLF
VKDOOEHSURYLGHGVRDVQRWWRH[FHHG
IHHWEHWZHHQK\GUDQWV
$OOURDGZD\VVKDOOKDYHDPLQLPXPFOHDUZLGWKRIIHHWZLWKQRSDUNLQJRQ HLWKHUVLGHRIWKHURDGZD\,ISDUNLQJLVSURYLGHGWKHQWKHURDGZD\VVKDOOEHD PLQLPXPRIIHHW
ZLWKSDUNLQJRQRQHVLGHRIWKHURDGZD\
RUIHHW

SDUNLQJ
RQERWKVLGHV

$Q\DQGDOOQHZEXLOGLQJVVKDOOEHSURYLGHGZLWKIXOOFRYHUDJHDXWRPDWLFILUH VSULQNOHUV\VWHPVGHVLJQHGWRWKHFXUUHQW1)3$6WDQGDUG LQDGGLWLRQDQ\DQG
DOOQHZEXLOGLQJVVKDOOEHSURYLGHGZLWKDIXOOFRYHUDJHDXWRPDWLFILUHDODUP GHWHFWLRQV\VWHPGHVLJQHGWRWKHFXUUHQW1)3$6WDQGDUG$GGLWLRQDO UHTXLUHPHQWVVKDOOEHPDGHIRUVSHFLILFEXLOGLQJVDVWKH\DUHVXEPLWWHGIRUUHYLHZ DQGDSSURYDO
$OO)'3VDSSOLFDWLRQVIRUEXLOGLQJVWKDWFRQWDLQFRPPHUFLDOUHWDLODQGSXEOLF SDUNLQJDUHDVVKDOOLQFOXGHDVXUYHLOODQFHFDPHUDSODQRURWKHUHTXLYDOHQWVHFXULW\ PHDVXUHDFFHSWDEOHWRWKH3ROLFH&KLHI7KLVSODQVKDOOEHGHVLJQHGWRWKH VDWLVIDFWLRQRIWKH(PHU\YLOOH3ROLFH&KLHI
( '(6,*15(/$7('

(DFKRIWKHIROORZLQJILYHPHDVXUHVVKDOOEHLQFRUSRUDWHGLQWRWKHILQDOSURMHFW GHVLJQ
$(6

7KHSURSRVHGVWUXFWXUHVVKDOODGHTXDWHO\UHIHUHQFHDQGEHYLVXDOO\ FRPSDWLEOHZLWKDQGQRWGHWUDFWIURPWKHVXUURXQGLQJLQGXVWULDO EXLOGLQJV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJH
RI
&UHDWHVWUHHWVFDSHYLWDOLW\DQGHQKDQFHWKHSHGHVWULDQH[SHULHQFH WKURXJKGHWDLOHGWUHDWPHQWRIEXLOGLQJIDFDGHVLQFOXGLQJ HQWU\ZD\VIHQHVWUDWLRQDQGVLJQDJHYHUWLFDOZDOOVEURNHQXSZLWK DUFKLWHFWXUDOGHWDLOLQJSURWUXGHGDQGUHFHVVHGWRZHUHOHPHQWV VWHSSHGEDFNXSSHUIORRUVWRSURYLGHDSSURSULDWHEXLOGLQJKHLJKW WUDQVLWLRQVWRDGMDFHQWEXLOGLQJVDQGWKURXJKWKHXVHRIFDUHIXOO\ FKRVHQEXLOGLQJPDWHULDOVWH[WXUHDQGFRORU
'HVLJQRIEXLOGLQJIDFDGHVVKDOOLQFOXGHVXIILFLHQWDUWLFXODWLRQDQG GHWDLOWRDYRLGWKHDSSHDUDQFHRIEODQNZDOOVRUER[OLNHIRUPV ([WHULRUPDWHULDOVXWLOL]HGLQFRQVWUXFWLRQRIQHZEXLOGLQJVDVZHOO DVVLWHDQGODQGVFDSHLPSURYHPHQWVVKDOOEHKLJKTXDOLW\DQGVKDOO EHVHOHFWHGIRUERWKWKHLUHQGXULQJDHVWKHWLFTXDOLW\DQGIRUWKHLU ORQJWHUPGXUDELOLW\DQGWKHLUFRPSDWLELOLW\ZLWKWKHGHVLJQPRWLI RIVXUURXQGLQJEXLOGLQJV

'HWDLOHGGHVLJQVIRUWKHSXEOLFSOD]DVVKDOOEHGHYHORSHG7KH SOD]DGHVLJQVVKDOOHPSKDVL]HWKHSXEOLFQDWXUHRIWKHVSDFHDQG SHGHVWULDQFRPIRUWDQGVXQVKDGHSDWWHUQVGXULQJPLGGD\KRXUV WKURXJKRXWWKH\HDU7KHSOD]DGHVLJQVVKDOOEHVHQVLWLYHO\LQWH JUDWHGZLWKWKHVWUHHWVFDSH

$OOSURSRVHGQHZEXLOGLQJVVKDOOEHVKRZQLQGHWDLOLQFOXGLQJEXLOGLQJ PDWHULDOVFRORUVVNLQDQGIHQHVWUDWLRQ7RZHUVDQGEXLOGLQJVDORQJWKH UDLOURDGWUDFNVVKDOOEHDUWLFXODWHGZLWKWUHDWPHQWVXFKDVYDULDWLRQVLQ EXLOGLQJSODQHVFRORUVDQGPDWHULDOVEDOFRQLHVDQGWUHOOLVHVWRHQVXUHWKDW QRYLVXDOZDOOLVFUHDWHGDORQJWKHUDLOURDGULJKWRIZD\9LVLEOHH[WHULRUV RIWKH VWUXFWXUHVVKDOOEHGHVLJQHGWREOHQGLQZLWKWKHXUEDQIDEULFRIWKH QHLJKERUKRRG
*URXQGIORRUHOHYDWLRQVRIVWUXFWXUHVIURQWLQJRQDSXEOLFVWUHHWVKDOO FRQWDLQDFWLYHODQGXVHVWKDWFUHDWHDOLYHO\SHGHVWULDQH[SHULHQFH LQFOXGLQJDYDULHW\RIFRPPHUFLDOXVHVVXFKDVUHWDLOSHUVRQDODQG EXVLQHVVVHUYLFHVGHVLJQDQGFUDIWVVHUYLFHVSURIHVVLRQDORIILFHVEXLOGLQJ OREELHVOLYHZRUNVSDFHVJDOOHULHVPXVHXPVGD\FDUHRUUHVLGHQWLDO XVHVJ\PVDQGILWQHVVIDFLOLWLHVDQGVLPLODUXVHV:KHUHUHVLGHQWLDOXVHV RFFXS\JURXQGIORRUVWRRSVDQGRUDWWUDFWLYHEXLOGLQJOREELHVPXVWEH LQFOXGHGLQWKHGHVLJQ
/DUJHH[SDQVHVRIIODWURRIDUHDDQGDOOURRIGHFNSDUNLQJVKDOOEH WUHDWHG WRPD[LPL]HWKHIXQFWLRQDOXVHLPSURYHDHVWKHWLFVVWRUPZDWHUWUHDWPHQW SURYLGHKDELWDWDQGUHGXFH+HDW,VODQGHIIHFW7KHRSWLRQVIRUDFKLHYLQJ WKHVHJRDOVPD\EHDQ\FRPELQDWLRQRIRQHRUPRUHRIWKHIROORZLQJ

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
ZKHUHDSSURSULDWHWDNLQJLQWRDFFRXQWVL]HZLQGGHVLJQDQGORFDWLRQ
D

VFUHHQLQJWKURXJKXVHRIDSSURSULDWHPDWHULDOV
E
SODQWLQJVXUIDFHV
DQGRUSODQWHG³JUHHQVFUHHQV´
F
EHLQJGHVLJQHGWRDFFRPPRGDWHVRODU
RUDOWHUQDWLYHHQHUJ\IDFLOLWLHVDQGRU
G
VHUYLQJDVORFDWLRQVIRU
UHFUHDWLRQDODPHQLWLHVVXFKDVWHQQLVFRXUWVSRROVFRXUW\DUGVSODQWHG DUHDVDQGSDVVLYHRSHQVSDFHDUHDVZKHUHDSSURSULDWH %XLOGLQJKHLJKWVVKDOOQRWH[FHHGWKHKHLJKWVVKRZQLQWKH3UHOLPLQDU\ 'HYHORSPHQW3ODQ
7KHSDUNLQJUHTXLUHPHQWVHVWDEOLVKHGE\WKH3UHOLPLQDU\'HYHORSPHQW 3ODQPD\EHUHGXFHGEHORZWKHUHTXLUHPHQWVHVWDEOLVKHGLQWKH 3UHOLPLQDU\'HYHORSPHQW3ODQIRUIXWXUHSKDVHVRIWKHSURMHFW7KH $SSOLFDQWVKDOOVXEPLWDSDUNLQJGHPDQGVXUYH\RIH[LVWLQJDQGSURSRVHG SDUNLQJIDFLOLWLHVZLWKHDFK)LQDO'HYHORSPHQW3ODQ7KH&LW\&RXQFLO PD\UHGXFHWKHSDUNLQJUHTXLUHPHQWVLIWKH&RXQFLOILQGVWKDWEDVHGRQ WKHVXUYH\GDWDGHPDQGIRUSDUNLQJLVUHGXFHGGXHWRWKHDGHTXDF\RI 7UDQVSRUWDWLRQ0DQDJHPHQW3ODQ
703
PHDVXUHVRIWKHSURMHFWDQG
FKDQJHVLQWUDQVSRUWDWLRQSDWWHUQV
) $,548$/,7<$1'12,6(5(/$7('
&RQVLVWHQWZLWKJXLGDQFHIURPWKH%$$40'WKHIROORZLQJDFWLRQVVKDOO EHUHTXLUHGRIFRQVWUXFWLRQFRQWUDFWVDQGVSHFLILFDWLRQVIRUWKHSURMHFW 'HPROLWLRQ7KHIROORZLQJFRQWUROVVKDOOEHLPSOHPHQWHGGXULQJ GHPROLWLRQ
:DWHUGXULQJGHPROLWLRQRIVWUXFWXUHVDQGEUHDNXSRI SDYHPHQWWRFRQWUROGXVWJHQHUDWLRQ
FRYHUDOOWUXFNVKDXOLQJGHPROLWLRQ
GHEULVIURPWKHVLWH
DQGXVHGXVWSURRIFKXWHVWRORDGGHEULVLQWRWUXFNV
ZKHQHYHUIHDVLEOH

&RQVWUXFWLRQ7KHIROORZLQJFRQWUROVVKDOOEHLPSOHPHQWHGDWDOO FRQVWUXFWLRQVLWHV
:DWHUDOODFWLYHFRQVWUXFWLRQDUHDVDWOHDVWWZLFHGDLO\ DQGPRUHRIWHQGXULQJZLQG\SHULRGV
DFWLYHDUHDVDGMDFHQWWRH[LVWLQJ
ODQGXVHVVKDOOEHNHSWGDPSDWDOOWLPHVRUVKDOOEHWUHDWHGZLWKQRQWR[LF VWDELOL]HUVWRFRQWUROGXVW
FRYHUDOOWUXFNVKDXOLQJVRLOVDQGDQGRWKHU
ORRVHPDWHULDOV
SDYHDSSO\ZDWHUWKUHHWLPHVGDLO\RUDSSO\
QRQWR[LF

VRLOVWDELOL]HUVRQDOOXQSDYHGDFFHVVURDGVSDUNLQJDUHDVDQGVWDJLQJ DUHDVDWFRQVWUXFWLRQVLWHV
VZHHSGDLO\
ZLWKZDWHUVZHHSHUV
DOOSDYHG
DFFHVVURDGVSDUNLQJDUHDVDQGVWDJLQJDUHDVDWFRQVWUXFWLRQVLWHV ZDWHU
VZHHSHUVVKDOOYDFXXPXSH[FHVVZDWHUWRDYRLGUXQRIIUHODWHGLPSDFWVWR ZDWHUTXDOLW\
VZHHSVWUHHWVGDLO\
ZLWKZDWHUVZHHSHUV
LIYLVLEOHVRLO
PDWHULDOLVFDUULHGRQWRDGMDFHQWSXEOLFVWUHHWV
DSSO\QRQWR[LFVRLO
VWDELOL]HUVWRLQDFWLYHFRQVWUXFWLRQDUHDV
HQFORVHFRYHUZDWHUWZLFHGDLO\
RUDSSO\QRQWR[LFVRLOELQGHUVWRH[SRVHGVWRFNSLOHV
GLUWVDQGHWF

OLPLWWUDIILFVSHHGVRQXQSDYHGURDGVWRPSK
OHDYLQJWKHVLWH
DQG

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
VXVSHQGH[FDYDWLRQDQGJUDGLQJDFWLYLW\ZKHQZLQGV
LQVWDQWDQHRXVJXVWV

H[FHHGPSK
,QVWDOOVDQGEDJVRURWKHUHURVLRQFRQWUROPHDVXUHVWR SUHYHQWVLOWUXQRIIWRSXEOLFURDGZD\V
UHSODQWYHJHWDWLRQLQGLVWXUEHG
DUHDVDVTXLFNO\DVSRVVLEOH
LQVWDOOEDVHURFNDWHQWU\ZD\VIRUDOOH[LWLQJ
WUXFNVDQGZDVKRIIWKHWLUHVRUWUDFNVRIDOOWUXFNVDQGHTXLSPHQWLQ GHVLJQDWHGDUHDVEHIRUHOHDYLQJWKHVLWH
$,5

0HFKDQLFDOYHQWLODWLRQVXFKDVDLUFRQGLWLRQLQJV\VWHPVRUSDVVLYH YHQWLODWLRQVKDOOEHLQFOXGHGLQWKHGHVLJQIRUDOOXQLWVLQWKH6KHOOPRXQG EXLOGLQJDQGXQLWVRIWKHPL[HGXVHWK &KULVWLHEXLOGLQJWKDWIDFHWK 6WUHHWRU&KULVWLH$YHQXHWRHQVXUHWKDWZLGRZVFDQUHPDLQFORVHGIRU SURORQJHGSHULRGVRIWLPHWRPHHWWKHLQWHULRUQRLVHVWDQGDUGDQG8QLIRUP %XLOGLQJ&RGH5HTXLUHPHQWV
12,6(12,6(D

:LQGRZVZLWKDPLQLPXPUDWLQJRI67&VKDOOEHLQVWDOOHGIRUDOOXQLWV ZLWKLQWKH6KHOOPRXQGEXLOGLQJGLUHFWO\H[SRVHGWRWKHUDLOURDGWUDFNVDW DOOKHLJKWV7KHSURSRVHGSURMHFWFRXOGH[SRVHIXWXUHUHVLGHQWVRIWKH 6KHOOPRXQGEXLOGLQJWRH[FHVVLYHJURXQGERUQHYLEUDWLRQOHYHOV 12,6(
E

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
12,6(

7KHSURMHFWFRQVWUXFWLRQFRQWUDFWRUVVKDOOFRPSO\ZLWKWKHIROORZLQJQRLVH UHGXFWLRQPHDVXUHV
$OOKHDY\FRQVWUXFWLRQHTXLSPHQWXVHGRQWKH
SURMHFWVLWHVKDOOEHPDLQWDLQHGLQJRRGRSHUDWLQJFRQGLWLRQZLWKDOO LQWHUQDOFRPEXVWLRQHQJLQHGULYHQHTXLSPHQWHTXLSSHGZLWKLQWDNHDQG H[KDXVWPXIIOHUVWKDWDUHLQJRRGFRQGLWLRQ$OOVWDWLRQDU\QRLVH JHQHUDWLQJHTXLSPHQWVKDOOEHORFDWHGDVIDUDZD\DVSRVVLEOHIURP QHLJKERULQJSURSHUW\OLQHVHVSHFLDOO\UHVLGHQWLDOXVHV 3URKLELWDQGSRVWVLJQVSURKLELWLQJXQQHFHVVDU\LGOLQJRILQWHUQDO FRPEXVWLRQHQJLQHV
'HVLJQDWHD³QRLVHGLVWXUEDQFHFRRUGLQDWRU´ZKRZRXOGEHUHVSRQVLEOH IRUUHVSRQGLQJWRDQ\ORFDOFRPSODLQWVDERXWFRQVWUXFWLRQQRLVH7KH GLVWXUEDQFHFRRUGLQDWRUZRXOGGHWHUPLQHWKHFDXVHRIWKHQRLVHFRPSODLQWV
HJEHJLQQLQJZRUNWRRHDUO\EDGPXIIOHU
DQGLQVWLWXWHUHDVRQDEOH

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
PHDVXUHVZDUUDQWHGWRFRUUHFWWKHSUREOHP$WHOHSKRQHQXPEHUIRUWKH GLVWXUEDQFHFRRUGLQDWRUZRXOGEHFRQVSLFXRXVO\SRVWHGDWWKHFRQVWUXFWLRQ VLWH
8WLOL]H³TXLHW´PRGHOVRIDLUFRPSUHVVRUVDQGRWKHUVWDWLRQDU\QRLVH VRXUFHVZKHUHVXFKWHFKQRORJ\H[LVWV7RIXUWKHUUHGXFHSRWHQWLDOSLOH GULYLQJDQGRURWKHUH[WUHPHQRLVHJHQHUDWLQJFRQVWUXFWLRQLPSDFWVJUHDWHU WKDQ
G%$DVPDQ\DGGLWLRQDOQRLVHDWWHQXDWLQJWHFKQRORJLHVVXFKDV WKHIROORZLQJVKDOOEHLPSOHPHQWHGDVIHDVLEOH

(UHFWWHPSRUDU\SO\ZRRGQRLVHEDUULHUVDURXQGWKHFRQVWUXFWLRQVLWH SDUWLFXODUO\LQDUHDVDGMDFHQWWRUHVLGHQWLDOEXLOGLQJV

,PSOHPHQW³TXLHW´SLOHGULYLQJWHFKQRORJ\
VXFKDVSUHGULOOLQJRISLOHV
RUWKHXVHRIPRUHWKDQRQHSLOHGULYHUWRVKRUWHQWKHWRWDOSLOHGULYLQJ

GXUDWLRQ
ZKHUHIHDVLEOHLQFRQVLGHUDWLRQRIJHRWHFKQLFDODQGVWUXFWXUDO UHTXLUHPHQWVDQGFRQGLWLRQV
(YDOXDWHWKHIHDVLELOLW\RIQRLVHFRQWURODW
WKHUHFHLYHUVE\WHPSRUDULO\LPSURYLQJWKHQRLVHUHGXFWLRQFDSDELOLW\RI DGMDFHQWEXLOGLQJVE\WKHXVHRIVRXQGEODQNHWVIRUH[DPSOH DQG
0RQLWRUWKHHIIHFWLYHQHVVRIQRLVHDWWHQXDWLRQPHDVXUHVE\WDNLQJQRLVH PHDVXUHPHQWV
12,6(

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
12,6(

3ULRUWRLVVXDQFHRIDILQDOGHYHORSPHQWSODQIRUDQ\UHVLGHQWLDO GHYHORSPHQWDGMDFHQWWRWKHUDLOURDGWUDFNVDSSOLFDQWVKDOOVXEPLWDQ LQGRRUDLUTXDOLW\VWXG\WKDWLGHQWLILHVPHDVXUHV
RWKHUWKDQFORVLQJ

ZLQGRZV
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
3ULRUWRLVVXDQFHRIDEXLOGLQJSHUPLWIRUDQ\UHVLGHQWLDOGHYHORSPHQW DGMDFHQWWRWKHUDLOURDGULJKWRIZD\WKHDSSOLFDQWVKDOOVXEPLWDQDQDO\VLV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
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
* +$=$5'2860$7(5,$/65(/$7('
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
DQGWK &KULVWLHEXLOGLQJ
DKHDOWKDQGVDIHW\SODQVKDOODOVREH
SUHSDUHGDVGHVFULEHGDERYHZLWKUHJXODWRU\DJHQF\RYHUVLJKWDQG LPSOHPHQWHGGXULQJH[FDYDWLRQRUVXEVXUIDFHZRUNDWWKHVHORFDWLRQV7KH SODQ
V
VKDOOEHSURYLGHGWRDJHQFLHVDQGFRQWUDFWRUVZKRZRXOGGLUHFW RWKHUVRUDVVLJQWKHLUSHUVRQQHOWRFRQVWUXFWLQIUDVWUXFWXUHRQWKHSURMHFW VLWHLQDUHDVVXEMHFWWRWKHUHTXLUHPHQWVRIWKHKHDOWKDQGVDIHW\SODQ

+$=D

$VRLOPDQDJHPHQWSODQVKDOOEHGHYHORSHGE\WKHSURSHUW\ RZQHUGHYHORSHUDQGDSSURYHGE\WKH&LW\(QJLQHHUDQG'76&IRUWKH SURSRVHGSURMHFW
LQFOXGLQJWKHSURSRVHGORFDWLRQRIWKHWK &KULVWLH

EXLOGLQJ
7KHSODQVKDOOEHVXEPLWWHGSULRUWRLVVXDQFHRIGHPROLWLRQ JUDGLQJRUEXLOGLQJSHUPLWVE\WKH&LW\7KHSODQVKDOOLQFOXGHSURYLVLRQV IRUPDQDJHPHQWRISRWHQWLDOO\FRQWDPLQDWHGH[FDYDWHGVRLODQGGHZDWHUHG JURXQGZDWHUUHTXLUHPHQWVIRUFOHDQLPSRUWHGILOOPDWHULDOLQVSHFWLRQRI DUHDVIRUJURVVFRQWDPLQDWLRQSULRUWREDFNILOOLQJE\DTXDOLILHG HQYLURQPHQWDOSURIHVVLRQDODQGUHTXLUHPHQWVIRULPPHGLDWHUHSRUWLQJWR

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
'76&DQGWKH&LW\(QJLQHHULQWKHHYHQWWKDWSUHYLRXVO\XQLGHQWLILHG FRQWDPLQDWLRQLVHQFRXQWHUHGGXULQJFRQVWUXFWLRQUHGHYHORSPHQW DFWLYLWLHV7KHVRLOPDQDJHPHQWSODQVKDOODOVRLQFOXGHDFRQWLQJHQF\SODQ IRUVDPSOLQJDQGDQDO\VLVRISUHYLRXVO\XQNQRZQKD]DUGRXVVXEVWDQFHV FRQWDPLQDWLRQLQFRRUGLQDWLRQZLWKDQGZLWKRYHUVLJKWIURP'76& 6HH
DOVR0LWLJDWLRQ0HDVXUH+<'IURPWKH+\GURORJ\DQG6WRUP'UDLQDJH

VHFWLRQ
)RUDUHDVQRWZLWKLQWKHFRYHQDQWDUHDV
LH5HWDLO3DGVDQG
DQGWK &KULVWLHEXLOGLQJ
DVRLOPDQDJHPHQWSODQVKDOODOVREH
SUHSDUHGDVGHVFULEHGDERYHZLWKDSSURYDOE\WKH&LW\(QJLQHHU7KHVRLO PDQDJHPHQWSODQ
V
LQFOXGLQJDQ\UHTXLUHPHQWVIRUUHPHGLDWLRQVKDOOEH SURYLGHGWRDJHQFLHVDQGFRQWUDFWRUVZKRZRXOGGLUHFWRWKHUVRUDVVLJQ WKHLUSHUVRQQHOWRFRQVWUXFWLQIUDVWUXFWXUHRQWKHSURMHFWVLWHLQDUHDV VXEMHFWWRWKHSODQV7KHVHSODQVVKDOOLQFOXGHRIDQHPHUJHQF\UHVSRQVH SODQIRUVDIHDQGHIIHFWLYHUHVSRQVHVWRHPHUJHQFLHVLQFOXGLQJWKH QHFHVVDU\SHUVRQDOSURWHFWLYHHTXLSPHQWDQGRWKHUHTXLSPHQWDQGVSLOO FRQWDLQPHQWSURFHGXUHV
+$=EDQG+$=F

7KHSURSHUW\RZQHUGHYHORSHUVKDOOVDWLVI\DOOUHTXLUHPHQWVRIWKH $ODPHGD&RXQW\'HSDUWPHQWRI(QYLURQPHQWDO+HDOWKWRREWDLQFORVXUH IRUWKHIRUPHUOHDNLQJXQGHUJURXQGVWRUDJHWDQNORFDWHGDW&KULVWLH $YHQXH7KHUHTXLUHPHQWVVKDOOEHVDWLVILHGSULRUWRLVVXDQFHRI GHPROLWLRQJUDGLQJRUEXLOGLQJSHUPLWVE\WKH&LW\IRUWKLVSURSHUW\,ID GHHGUHVWULFWLRQLVUHTXLUHGDVDFRQGLWLRQRIFORVXUHWKHUHVWULFWLRQVKDOO EHUHFRUGHGLQ$ODPHGD&RXQW\DQGDOOFRQGLWLRQVRIWKHGHHGUHVWULFWLRQ VKDOOEHPHWGXULQJDQGIROORZLQJFRQVWUXFWLRQE\WKHSURSHUW\ RZQHUGHYHORSHU
+$=F

7KHSURSHUW\RZQHUGHYHORSHUVKDOOHQVXUHWKDWDSSURSULDWHGHVLJQ HOHPHQWVDUHLQFRUSRUDWHGLQWRWKHEXLOGLQJGHVLJQIRUSURSRVHGRQVLWH VWUXFWXUHVWRDGGUHVVWKHSRWHQWLDOIRUPHWKDQHJDVYHQWLQJ HJ
LQVWDOODWLRQRIDYDSRUEDUULHUSDVVLYHVRLOYHQWLQJV\VWHPRUDFWLYHVRLO YHQWLQJV\VWHPV
7KHGHVLJQVKDOOFRPSO\ZLWK&DOLIRUQLD7LWOH
6HFWLRQ

HWVHTLQFOXGLQJWKHUHTXLUHPHQWWKDWWKHFRQFHQWUDWLRQRI PHWKDQHLQIDFLOLW\VWUXFWXUHVQRWH[FHHGSHUFHQWRIWKHORZHUH[SORVLYH OLPLWIRUPHWKDQHLQIDFLOLW\VWUXFWXUHV
H[FOXGLQJJDVFRQWURORUUHFRYHU\
V\VWHPFRPSRQHQWV
7KHGHVLJQVKDOOEHVXEPLWWHGWRWKH&LW\(QJLQHHU
(PHU\YLOOH)LUH'HSDUWPHQWDQG'76&IRUUHYLHZ7KH(PHU\YLOOH)LUH 'HSDUWPHQWWKHORFDOHQIRUFHPHQWDJHQF\IRUPHWKDQHVKDOOSURYLGHILQDO DSSURYDORIWKHPHWKDQHPLWLJDWLRQGHVLJQSULRUWRLVVXDQFHRIEXLOGLQJ SHUPLWVDQGVKDOOLQVSHFWWKHV\VWHP
V
LPSOHPHQWHGDQQXDOO\RUDV
RWKHUZLVHUHTXLUHG
+$=G

$OOFUDFNVFDSGDPDJHLQWKHH[LVWLQJFDSSHGDUHDVRIWKH(PHU\YLOOH 0DUNHWSODFHVLWHVKDOOEHVHDOHGDWWKHWLPHRIVLWHUHGHYHORSPHQWDFWLYLWLHV E\WKHFRQWUDFWRU
V
LQDFFRUGDQFHZLWK'76&¶VUHFRPPHQGDWLRQVLQWKH

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
ILYH\HDUUHYLHZ$OOH[LVWLQJDQGDUHDVSURSRVHGIRUFDSSLQJXQGHUWKH SURSRVHGSURMHFWVKDOODOVREHPDLQWDLQHGE\WKHVLWHRZQHUGHYHORSHUWR SUHYHQWH[SRVXUHVWRFRQWDPLQDQWVLQVRLODQGJURXQGZDWHU +$=H

3ULRUWRWKHLVVXDQFHDGHPROLWLRQSHUPLWVIRUWKHEXLOGLQJVORFDWHGDW DQG
&KULVWLH$YHQXHDOHDGEDVHGSDLQWDQGDVEHVWRVVXUYH\VKDOOEH SHUIRUPHGE\DTXDOLILHGHQYLURQPHQWDOSURIHVVLRQDO%DVHGRQWKH ILQGLQJVRIWKHVXUYH\DOOORRVHDQGSHHOLQJOHDGEDVHGSDLQWDQG LGHQWLILHGDVEHVWRVKD]DUGVVKDOOEHDEDWHGE\DFHUWLILHGFRQWUDFWRULQ DFFRUGDQFHZLWKORFDOVWDWHDQGIHGHUDOUHTXLUHPHQWVLQFOXGLQJWKH UHTXLUHPHQWVRIWKH%D\$UHD$LU4XDOLW\0DQDJHPHQW'LVWULFW

5HJXODWLRQ5XOH
7KHILQGLQJVRIWKHVXUYH\VKDOOEHGRFXPHQWHG
E\WKHTXDOLILHGHQYLURQPHQWDOSURIHVVLRQDODQGVXEPLWWHGWRWKH&LW\

+$=D

+D]DUGRXVPDWHULDOVDQGZDVWHVJHQHUDWHGGXULQJGHPROLWLRQDFWLYLWLHV VXFKDVIOXRUHVFHQWOLJKWWXEHVDQGPHUFXU\VZLWFKHVVKDOOEHPDQDJHG DQGGLVSRVHGRIE\WKHGHPROLWLRQFRQWUDFWRU
V
LQDFFRUGDQFHZLWK
DSSOLFDEOHXQLYHUVDODQGKD]DUGRXVZDVWHUHJXODWLRQV)HGHUDO6WDWHDQG ORFDOZRUNHUKHDOWKDQGVDIHW\UHJXODWLRQVVKDOODSSO\WRGHPROLWLRQ DFWLYLWLHVDQGUHTXLUHGZRUNHUKHDOWKDQGVDIHW\SURFHGXUHVVKDOOEH LQFRUSRUDWHGLQWRWKHFRQWUDFWRU¶VVSHFLILFDWLRQVIRUWKHSURMHFW +$=E

7KH6WRUP:DWHU3ROOXWLRQ3UHYHQWLRQ3ODQ
6:333
UHTXLUHGIRUWKH
SURMHFWVKDOOLQFOXGHHPHUJHQF\SURFHGXUHVIRULQFLGHQWDOKD]DUGRXV PDWHULDOVUHOHDVHV
+$=D

%HVW0DQDJHPHQW3UDFWLFHVIRUWKHSURMHFWLQFOXGHUHTXLUHPHQWVIRU KD]DUGRXVPDWHULDOVVWRUDJHGXULQJFRQVWUXFWLRQWRPLQLPL]HWKHSRWHQWLDO IRUUHOHDVHVWRRFFXU$OOXVHVWRUDJHWUDQVSRUWDQGGLVSRVDORIKD]DUGRXV PDWHULDOVGXULQJFRQVWUXFWLRQDFWLYLWLHVVKDOOEHSHUIRUPHGLQDFFRUGDQFH ZLWKH[LVWLQJORFDOVWDWHDQGIHGHUDOKD]DUGRXVPDWHULDOVUHJXODWLRQV

+$=E

7KHSURSHUW\RZQHUGHYHORSHUVKDOOZRUNZLWKWKH&LW\DQG'76&WR GHWHUPLQHZKHWKHUFRQWDPLQDQWVLQVRLOYDSRURURWKHUPHGLDLQWKHDUHD QRUWKRIWKH0DUNHWSODFH7RZHUDQG3XEOLF0DUNHWSUHVHQWDQ XQDFFHSWDEOHULVNWRIXWXUHUHVLGHQWV(QYLURQPHQWDOVDPSOHVVKDOOEH FROOHFWHGDQGDQDO\]HGWRGHWHUPLQHZKHWKHUFKHPLFDOVSUHVHQWLQ HQYLURQPHQWDOPHGLDLQFOXGLQJYDSRUVLQDLUDUHSUHVHQWLQFRQFHQWUDWLRQV WKDWZRXOGSRWHQWLDOO\KDUPIXWXUHUHVLGHQWV,IVDPSOHFRQFHQWUDWLRQV H[FHHG&DOLIRUQLD+XPDQ+HDOWK6FUHHQLQJ/HYHOV
&++6/V
ULVN
PDQDJHPHQWPHDVXUHVWKDWZRXOGSUHYHQWKDUPWRIXWXUHUHVLGHQWVDQG WKDWDUHDFFHSWDEOHWRWKH'76&VKDOOEHLPSOHPHQWHG+$= 0DLQ
6WUHHWDQG5HGXFHG0DLQ6WUHHWDOWHUQDWLYHV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
+ &216758&7,215(/$7('
3ULRUWRWKHLVVXDQFHRIDQ\VLWHVSHFLILFJUDGLQJRUEXLOGLQJSHUPLWVD GHVLJQOHYHOJHRWHFKQLFDOLQYHVWLJDWLRQVKDOOEHSUHSDUHGDQGVXEPLWWHGWR WKH&LW\RI(PHU\YLOOH3ODQQLQJDQG%XLOGLQJ'HSDUWPHQWIRUUHYLHZDQG FRQILUPDWLRQWKDWWKHSURSRVHGGHYHORSPHQWIXOO\FRPSOLHVZLWKWKH &DOLIRUQLD%XLOGLQJ&RGH
6HLVPLF=RQH
7KHUHSRUWVKDOOGHWHUPLQHWKH
SURMHFWVLWH¶VJHRWHFKQLFDOFRQGLWLRQVDQGDGGUHVVSRWHQWLDOVHLVPLF KD]DUGVVXFKDVOLTXHIDFWLRQ7KHUHSRUWVKDOOLGHQWLI\EXLOGLQJWHFKQLTXHV DSSURSULDWHWRPLQLPL]HVHLVPLFGDPDJH,QDGGLWLRQWKHJHRWHFKQLFDO LQYHVWLJDWLRQVKDOOFRQIRUPWRWKH&DOLIRUQLD'LYLVLRQRI0LQHVDQG *HRORJ\
&'0*
UHFRPPHQGDWLRQVSUHVHQWHGLQWKH*XLGHOLQHVIRU
(YDOXDWLQJ6HLVPLF+D]DUGVLQ&DOLIRUQLD&'0*6SHFLDO3XEOLFDWLRQ
*(2

,QORFDWLRQVXQGHUODLQE\H[SDQVLYHVRLOVDQGRUQRQHQJLQHHUHGILOOWKH GHVLJQHUVRIEXLOGLQJIRXQGDWLRQVDQGRWKHULPSURYHPHQWV

LQFOXGLQJ
VLGHZDONVURDGVDQGXQGHUJURXQGXWLOLWLHV
VKDOOFRQVLGHUWKHVHFRQ
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

*(2

3ULRUWRLVVXDQFHRIDJUDGLQJSHUPLWDVLWHVSHFLILFJUDGLQJSODQVKDOOEH SUHSDUHGE\DOLFHQVHGSURIHVVLRQDODQGVXEPLWWHGWRWKH(PHU\YLOOH 3ODQQLQJDQG%XLOGLQJ'HSDUWPHQWIRUUHYLHZDQGDSSURYDO7KHSODQVKDOO LQFOXGHVSHFLILFUHFRPPHQGDWLRQVIRUPLWLJDWLQJSRWHQWLDOGLIIHUHQWLDO VHWWOHPHQWDVVRFLDWHGZLWK%D\0XGILOOSODFHPHQWDQGDUHDVRIGLIIHUHQW ILOOWKLFNQHVV
*(2

7KH(PHU\YLOOH3ODQQLQJDQG%XLOGLQJ'HSDUWPHQWVKDOODSSURYHDOOILQDO GHVLJQDQGHQJLQHHULQJSODQV3URMHFWGHVLJQDQGFRQVWUXFWLRQVKDOOEHLQ FRQIRUPDQFHZLWKFXUUHQWEHVWVWDQGDUGVIRUHDUWKTXDNHUHVLVWDQW FRQVWUXFWLRQLQDFFRUGDQFHZLWKWKH&DOLIRUQLD%XLOGLQJ&RGH 6HLVPLF
=RQH
DSSOLFDEOHORFDOFRGHVDQGLQDFFRUGDQFHZLWKWKHJHQHUDOO\ DFFHSWHGVWDQGDUGRIJHRWHFKQLFDOSUDFWLFHIRUVHLVPLFGHVLJQLQ1RUWKHUQ

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
&DOLIRUQLD7KHGHVLJQOHYHOJHRWHFKQLFDOLQYHVWLJDWLRQVKDOOLQFOXGH PHDVXUHVWRPLQLPL]HWKDWSRWHQWLDOGDPDJHUHODWHGWROLTXHIDFWLRQ *(2

7KHSURMHFWFRQWUDFWRUVKDOOFRPSO\ZLWKWKH&LW\RI(PHU\YLOOH0XQLFLSDO &RGHUHODWLQJWRJUDGLQJSURMHFWVDQGHURVLRQFRQWURO
6HFWLRQ

$Q\SHUVRQHQJDJHGLQDFWLYLWLHVZKLFKZLOORUPD\UHVXOWLQSROOXWDQWV HQWHULQJWKH&LW\VWRUPVHZHUV\VWHPVKDOOXQGHUWDNHDOOSUDFWLFDEOH PHDVXUHVWRUHGXFHVXFKSROOXWDQWV%HVW0DQDJHPHQW3UDFWLFHVIRU1HZ 'HYHORSPHQWVDQG5HGHYHORSPHQWV$Q\FRQVWUXFWLRQFRQWUDFWRU SHUIRUPLQJZRUNLQWKH&LW\VKDOOHQGHDYRUZKHQHYHUSRVVLEOHWRSURYLGH ILOWHUPDWHULDOVDWWKHFDWFKEDVLQWRUHWDLQDQ\GHEULVDQGGLUWIORZLQJLQWR WKH&LW\¶VVWRUPVHZHUV\VWHP7KH'LUHFWRURI3XEOLF:RUNVPD\HVWDEOLVK FRQWUROVRQWKHYROXPHDQGUDWHRIVWRUPZDWHUUXQRIIIURPQHZ GHYHORSPHQWVDQGUHGHYHORSPHQWVDVPD\EHDSSURSULDWHWRPLQLPL]HWKH GLVFKDUJHDQGWUDQVSRUWRISROOXWDQWV

,QDGGLWLRQWKHSURMHFWSURSRQHQWVKDOOSUHSDUHD6:333GHVLJQHGWR UHGXFHSRWHQWLDOLPSDFWVWRVXUIDFHZDWHUTXDOLW\WKURXJKWKHFRQVWUXFWLRQ SHULRGRIWKHSURMHFW7KH6:333PXVWEHPDLQWDLQHGRQVLWHDQGPDGH DYDLODEOHWR&LW\LQVSHFWRUVDQGRU5:4&%VWDIIXSRQUHTXHVW7KH 6:333VKDOOLQFOXGHVSHFLILFDQGGHWDLOHG%03VGHVLJQHGWRPLWLJDWH FRQVWUXFWLRQUHODWHGSROOXWDQWV$WDPLQLPXP%03VVKDOOLQFOXGH SUDFWLFHVWRPLQLPL]HWKHFRQWDFWRIFRQVWUXFWLRQPDWHULDOVHTXLSPHQW DQGPDLQWHQDQFHVXSSOLHV
HJIXHOVOXEULFDQWVSDLQWVVROYHQWVDGKH
VLYHV
ZLWKVWRUPZDWHU7KH6:333VKDOOVSHFLI\SURSHUO\GHVLJQHG FHQWUDOL]HGVWRUDJHDUHDVWKDWNHHSWKHVHPDWHULDOVRXWRIWKHUDLQ%03V GHVLJQHGWRUHGXFHHURVLRQRIH[SRVHGVRLOPD\LQFOXGHEXWDUHQRW OLPLWHGWR
VRLOVWDELOL]DWLRQFRQWUROVZDWHULQJIRUGXVWFRQWUROSHULPHWHU VLOWIHQFHVSODFHPHQWRIKD\EDOHVDQGVHGLPHQWEDVLQV7KHSRWHQWLDOIRU HURVLRQLVJHQHUDOO\LQFUHDVHGLIJUDGLQJLVSHUIRUPHGGXULQJWKHUDLQ\ VHDVRQDVGLVWXUEHGVRLOFDQEHH[SRVHGWRUDLQIDOODQGVWRUPUXQRII,I JUDGLQJPXVWEHFRQGXFWHGGXULQJWKHUDLQ\VHDVRQWKHSULPDU\%03V VHOHFWHGVKDOOIRFXVRQHURVLRQFRQWUROWKDWLVNHHSLQJVHGLPHQWRQWKH VLWH(QGRISLSHVHGLPHQWFRQWUROPHDVXUHV
HJEDVLQVDQGWUDSV
VKDOO
EHXVHGRQO\DVVHFRQGDU\PHDVXUHV(QWU\DQGHJUHVVIURPWKHFRQVWUXF WLRQVLWHVKDOOEHFDUHIXOO\FRQWUROOHGWRPLQLPL]HRIIVLWHWUDFNLQJRI VHGLPHQW9HKLFOHDQGHTXLSPHQWZDVKGRZQIDFLOLWLHVVKDOOEHGHVLJQHG WREHDFFHVVLEOHDQGIXQFWLRQDOGXULQJERWKGU\DQGZHWFRQGLWLRQV +<'

7KHFRQVWUXFWLRQSHULRG6:333VKDOOLQFOXGHSURYLVLRQVIRUWKHSURSHU PDQDJHPHQWRIFRQVWUXFWLRQSHULRGGHZDWHULQJHIIOXHQW$WPLQLPXPDOO GHZDWHULQJHIIOXHQWVKDOOEHFRQWDLQHGSULRUWRGLVFKDUJHWRDOORZWKH VHGLPHQWWRVHWWOHRXWDQGILOWHUHGLIQHFHVVDU\WRHQVXUHWKDWRQO\FOHDU

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
ZDWHULVGLVFKDUJHGWRWKHVWRUPRUVDQLWDU\VHZHUV\VWHPDVDSSURSULDWH ,QDUHDVRIVXVSHFWHGJURXQGZDWHUFRQWDPLQDWLRQ
LHXQGHUODLQE\ILOORU
QHDUVLWHVZKHUHFKHPLFDOUHOHDVHVDUHNQRZQRUVXVSHFWHGWRKDYH

RFFXUUHG
JURXQGZDWHUVKDOOEHDQDO\]HGE\D6WDWHFHUWLILHGODERUDWRU\ IRUWKHVXVSHFWHGSROOXWDQWVSULRUWRGLVFKDUJH%DVHGRQWKHUHVXOWVRIWKH DQDO\WLFDOWHVWLQJWKHSURMHFWSURSRQHQWVKDOODFTXLUHWKHDSSURSULDWH SHUPLW
V
SULRUWRGLVFKDUJHRIWKHHIIOXHQW'LVFKDUJHRIWKHGHZDWHULQJ HIIOXHQWZRXOGUHTXLUHDSHUPLWIURPWKH5:4&%
IRUGLVFKDUJHWRWKH
VWRUPVHZHUV\VWHPRUWR6DQ)UDQFLVFR%D\
DQGRU(DVW%D\0XQLFLSDO
8WLOLW\'LVWULFW
(%08'

IRUGLVFKDUJHWRWKHVDQLWDU\VHZHUV\VWHP

+<'

7KHDSSOLFDQWVKDOOVXEPLWDGUDLQDJHSODQSULRUWRWKHLVVXDQFHRID JUDGLQJRUEXLOGLQJSHUPLWWKDWPHHWVDOOWKHUHTXLUHPHQWVRIWKHFXUUHQW &RXQW\ZLGH13'(63HUPLW
13'(63HUPLW1R&$6

7KH
GUDLQDJHSODQVKDOOLQFOXGHIHDWXUHVDQGRSHUDWLRQDO%HVW0DQDJHPHQW 3UDFWLFHVWRUHGXFHSRWHQWLDOLPSDFWVWRVXUIDFHZDWHUTXDOLW\DVVRFLDWHG ZLWKRSHUDWLRQRIWKHSURMHFW7KHVHIHDWXUHVVKDOOEHLQFOXGHGLQWKH SURMHFWGUDLQDJHSODQDQGILQDOGHYHORSPHQWGUDZLQJV6SHFLILFDOO\WKH ILQDOGHVLJQVKDOOLQFOXGHPHDVXUHVGHVLJQHGWRPLWLJDWHSRWHQWLDOZDWHU TXDOLW\GHJUDGDWLRQRIUXQRIIIURPDOODSSOLFDEOHSRUWLRQVRIWKHFRPSOHWHG GHYHORSPHQW,QJHQHUDO³SDVVLYH´ORZPDLQWHQDQFH%03V HJVWRUP
ZDWHUSODQWHUVUDLQJDUGHQVJUDVV\VZDOHVSRURXVSDYHPHQWV DUH
SUHIHUUHGRYHUDFWLYHILOWHULQJRUWUHDWPHQWV\VWHPV$VUHTXLUHGE\WKH&LW\ RI(PHU\YLOOH¶V6WRUP:DWHU*XLGHOLQHVIRU*UHHQ'HQVH 5HGHYHORSPHQW
$QRSHUDWLRQVDQGPDLQWHQDQFHSODQVKDOOEHGHYHORSHGDQGLPSOHPHQWHG WRLQVSHFWDQGPDLQWDLQ%03VLQSHUSHWXLW\,ISDYHGVXUIDFHVZLWKLQ FRYHUHGSDUNLQJDUHDVDUHZDVKHGZLWKZDWHUWKLVZDWHUVKDOOQRWEH GLUHFWHGWRWKHVWRUPGUDLQDJHV\VWHP7KLVZDVKZDWHUHIIOXHQWVKDOO HLWKHUEHGLUHFWHGWRWKHVDQLWDU\VHZHURUFRQWDLQHGDQGWUDQVSRUWHGRII VLWHIRUSURSHUGLVSRVDO
7KHILQDOGHVLJQWHDPIRUWKHSURMHFWVKDOOUHYLHZDQGLQFRUSRUDWHDVPDQ\ FRQFHSWVDVSUDFWLFDEOHIURP6WDUWDWWKH6RXUFH'HVLJQ*XLGDQFH0DQXDO IRU6WRUPZDWHU4XDOLW\3URWHFWLRQDQG WKH&DOLIRUQLD6WRUPZDWHU4XDOLW\ $VVRFLDWLRQ¶V6WRUPZDWHU%HVW0DQDJHPHQW3UDFWLFH+DQGERRN 'HYHORSPHQWDQG5HGHYHORSPHQWWKH&LW\RI(PHU\YLOOH6WRUP :DWHU*XLGHOLQHVIRU*UHHQ'HQVH5HGHYHORSPHQWDQGIRUWKFRPLQJ $ODPHGD&RXQW\&OHDQ:DWHU3URJUDP
$&&:3
WHFKQLFDOJXLGHOLQHV
7KH&LW\3XEOLF:RUNV'HSDUWPHQWVKDOOUHYLHZDQGDSSURYHWKHGUDLQDJH SODQSULRUWRDSSURYDORIWKHJUDGLQJSODQ
+<'

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJH
RI
3ULRUWRWKHLVVXDQFHRIDQ\EXLOGLQJSHUPLWDTXDOLILHGSURIHVVLRQDO DUFKDHRORJLVWVKDOOSUHSDUHDPRQLWRULQJSODQWRDGGUHVVSRWHQWLDOO\ VLJQLILFDQWFXOWXUDOUHVRXUFHVHQFRXQWHUHGGXULQJFRQVWUXFWLRQ3UHSDULQJ WKHSODQPD\UHTXLUHVXEVXUIDFHH[DPLQDWLRQWRGHWHUPLQHWKHSUHVHQFH QDWXUHH[WHQWDQGSRWHQWLDOVLJQLILFDQFHRIDUFKDHRORJLFDOGHSRVLWVWKDW PD\EHHQFRXQWHUHGE\SURMHFWDFWLYLWLHV$WDPLQLPXPWKHPRQLWRULQJ SODQVKRXOG

UHILQHWKHXQGHUVWDQGLQJRIWKHSURMHFWVLWH¶VDUFKDH RORJLFDOVHQVLWLYLW\

GHWHUPLQHWKHOLNHOLKRRGWKDWDUFKDHRORJLFDO
GHSRVLWVKDYHUHWDLQHGLQWHJULW\

LGHQWLI\WKHW\SHVRIDUWLIDFWVDQG
IHDWXUHVWKDWPD\EHHQFRXQWHUHGGXULQJSURMHFWFRQVWUXFWLRQ

GHWHUPLQHGXULQJZKLFKSKDVHVRIFRQVWUXFWLRQVXEVXUIDFHGHSRVLWVPD\EH

HQFRXQWHUHG
DQG

SURYLGHJXLGHOLQHVIRULQILHOGDVVHVVPHQWRI
DUFKDHRORJLFDOGHSRVLWVLGHQWLILHGGXULQJPRQLWRULQJ%DVHGRQWKH LQIRUPDWLRQQRWHGDERYHWKHPRQLWRULQJSODQVKRXOGGHWHUPLQHWKH DSSURSULDWHOHYHORIFRQVWUXFWLRQPRQLWRULQJQHFHVVDU\WRDYRLGVLJQLILFDQW LPSDFWVWRDUFKDHRORJLFDOUHVRXUFHVDQGSURYLGHJXLGDQFHIRUWKH LPSOHPHQWDWLRQRIVXFKPRQLWRULQJ
&8/7D

, $5&+$(/2*,&$//<5(/$7('
3ULRUWRWKHLVVXDQFHRIDQ\EXLOGLQJSHUPLWDTXDOLILHGSURIHVVLRQDO DUFKDHRORJLVWVKDOOSUHSDUHDPRQLWRULQJSODQWRDGGUHVVSRWHQWLDOO\ VLJQLILFDQWFXOWXUDOUHVRXUFHVHQFRXQWHUHGGXULQJFRQVWUXFWLRQ3UHSDULQJ WKHSODQPD\UHTXLUHVXEVXUIDFHH[DPLQDWLRQWRGHWHUPLQHWKHSUHVHQFH QDWXUHH[WHQWDQGSRWHQWLDOVLJQLILFDQFHRIDUFKDHRORJLFDOGHSRVLWVWKDW PD\EHHQFRXQWHUHGE\SURMHFWDFWLYLWLHV$WDPLQLPXPWKHPRQLWRULQJ SODQVKRXOG

UHILQHWKHXQGHUVWDQGLQJRIWKHSURMHFWVLWH¶VDUFKDH RORJLFDOVHQVLWLYLW\

GHWHUPLQHWKHOLNHOLKRRGWKDWDUFKDHRORJLFDO
GHSRVLWVKDYHUHWDLQHGLQWHJULW\

LGHQWLI\WKHW\SHVRIDUWLIDFWVDQG
IHDWXUHVWKDWPD\EHHQFRXQWHUHGGXULQJSURMHFWFRQVWUXFWLRQ

GHWHUPLQHGXULQJZKLFKSKDVHVRIFRQVWUXFWLRQVXEVXUIDFHGHSRVLWVPD\EH

HQFRXQWHUHG
DQG

SURYLGHJXLGHOLQHVIRULQILHOGDVVHVVPHQWRI
DUFKDHRORJLFDOGHSRVLWVLGHQWLILHGGXULQJPRQLWRULQJ%DVHGRQWKH LQIRUPDWLRQQRWHGDERYHWKHPRQLWRULQJSODQVKRXOGGHWHUPLQHWKH DSSURSULDWHOHYHORIFRQVWUXFWLRQPRQLWRULQJQHFHVVDU\WRDYRLGVLJQLILFDQW LPSDFWVWRDUFKDHRORJLFDOUHVRXUFHVDQGSURYLGHJXLGDQFHIRUWKH LPSOHPHQWDWLRQRIVXFKPRQLWRULQJ
&8/7D

$TXDOLILHGSURIHVVLRQDODUFKDHRORJLVWVKDOOPRQLWRUDOOJURXQGGLVWXUELQJ DFWLYLWLHVWKDWRFFXUDWGHSWKVZLWKLQWKHSURMHFWDUHDGHWHUPLQHGWREH DUFKDHRORJLFDOO\VHQVLWLYHLQWKHDUFKDHRORJLFDOPRQLWRULQJSODQ 0RQLWRULQJVKDOOFRQWLQXHXQWLOWKHDUFKDHRORJLVWGHWHUPLQHVWKDWLPSDFWV WRDUFKDHRORJLFDOGHSRVLWVDUHXQOLNHO\WRRFFXU
,QWKHHYHQWWKDWDUFKDHRORJLFDOGHSRVLWVDUHLGHQWLILHGGXULQJPRQLWRULQJ WKHPRQLWRUPXVWEHHPSRZHUHGWRUHGLUHFWDOOZRUNZLWKLQIHHWRIWKH

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
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
E

&
DQGWKH
UHFRPPHQGDWLRQVRIWKHHYDOXDWLQJDUFKDHRORJLVW+XPDQUHPDLQVVKDOOEH KDQGOHGLQDFFRUGDQFHZLWK+HDOWKDQG6DIHW\&RGH6HFWLRQ )ROORZLQJWKHFRPSOHWLRQRIWKHDUFKDHRORJLFDOPRQLWRULQJDUHSRUWVKDOO EHSUHSDUHGWRGRFXPHQWWKHPHWKRGVDQGILQGLQJVRIWKHPRQLWRULQJ DUFKDHRORJLVW7KHUHSRUWVKDOOEHVXEPLWWHGWRWKH&LW\WKHSURMHFW DSSOLFDQWDQGWKH1RUWKZHVW,QIRUPDWLRQ&HQWHU
1:,&
DW6RQRPD6WDWH
8QLYHUVLW\LQ5RKQHUW3DUN&DOLIRUQLD
&8/7E

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
E

&
DQGWUHDWPHQWRIKXPDQUHPDLQVLQ
DFFRUGDQFHZLWK+HDOWKDQG6DIHW\&RGH6HFWLRQ)ROORZLQJWKH FRPSOHWLRQRIWKHDUFKDHRORJLFDOPRQLWRULQJDUHSRUWVKDOOEHSUHSDUHGWR GRFXPHQWWKHPHWKRGVDQGILQGLQJVRIWKHPRQLWRULQJDUFKDHRORJLVW7KH UHSRUWVKDOOEHVXEPLWWHGWRWKH&LW\WKHSURMHFWDSSOLFDQWDQGWKH1:,& 3UHKLVWRULFPDWHULDOVFDQLQFOXGHIODNHGVWRQHWRROV HJSURMHFWLOHSRLQWV
NQLYHVFKRSSHUV
RUREVLGLDQFKHUWEDVDOWRUTXDUW]LWHWRROPDNLQJ
GHEULV
ERQHWRROV
FXOWXUDOO\GDUNHQHGVRLO
LHPLGGHQVRLORIWHQ
FRQWDLQLQJKHDWDIIHFWHGURFNDVKDQGFKDUFRDOVKHOOILVKUHPDLQVIDXQDO ERQHVDQGFXOWXUDOPDWHULDOV

DQGVWRQHPLOOLQJHTXLSPHQW
HJPRUWDUV
SHVWOHVKDQGVWRQHV
3UHKLVWRULFDUFKDHRORJLFDOVLWHVRIWHQFRQWDLQKXPDQ UHPDLQV+LVWRULFDOPDWHULDOVFDQLQFOXGHZRRGVWRQHFRQFUHWHRUDGREH IRRWLQJVZDOOVDQGRWKHUVWUXFWXUDOUHPDLQV
GHEULVILOOHGZHOOVRUSULYLHV

DQGGHSRVLWVRIZRRGJODVVFHUDPLFVPHWDODQGRWKHUUHIXVH &8/7F

,IKXPDQUHPDLQVDUHHQFRXQWHUHGZRUNZLWKLQIHHWRIWKHGLVFRYHU\ VKDOOEHUHGLUHFWHGDQGWKH&RXQW\&RURQHUVKDOOEHQRWLILHGLPPHGLDWHO\

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
$WWKHVDPHWLPHDQDUFKDHRORJLVWVKDOOEHFRQWDFWHGWRDVVHVVWKH VLWXDWLRQ,IWKHKXPDQUHPDLQVDUHRI1DWLYH$PHULFDQRULJLQWKH &RURQHUPXVWQRWLI\WKH1DWLYH$PHULFDQ+HULWDJH&RPPLVVLRQZLWKLQ KRXUVRIWKLVLGHQWLILFDWLRQ7KH1DWLYH$PHULFDQ+HULWDJH&RPPLVVLRQ ZLOOLGHQWLI\D0RVW/LNHO\'HVFHQGDQW
0/'
WRLQVSHFWWKHVLWHDQG
SURYLGHUHFRPPHQGDWLRQVIRUWKHSURSHUWUHDWPHQWRIWKHUHPDLQVDQG DVVRFLDWHGJUDYHJRRGV8SRQFRPSOHWLRQRIWKHDVVHVVPHQWWKH DUFKDHRORJLVWVKDOOSUHSDUHDUHSRUWGRFXPHQWLQJWKHPHWKRGVDQGUHVXOWV DQGSURYLGHUHFRPPHQGDWLRQVIRUWKHWUHDWPHQWRIWKHKXPDQUHPDLQVDQG DQ\DVVRFLDWHGFXOWXUDOPDWHULDOVDVDSSURSULDWHDQGLQFRRUGLQDWLRQZLWK WKHUHFRPPHQGDWLRQVRIWKH0/'7KHUHSRUWVKDOOEHVXEPLWWHGWRWKH &LW\WKHSURMHFWDSSOLFDQWDQGWKH1:,&
&8/7

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

$TXDOLILHGSDOHRQWRORJLVWVKDOOPRQLWRUJURXQGGLVWXUELQJDFWLYLWLHVDWDQG EHORZIHHWIURPWKHRULJLQDOJURXQGVXUIDFHLQDFFRUGDQFHZLWKWKH LQLWLDOPRQLWRULQJQHHGVDVVHVVPHQW7KHPRQLWRULQJVKDOOFRQWLQXHXQWLO WKHSDOHRQWRORJLVWGHWHUPLQHVWKDWLPSDFWVWRSDOHRQWRORJLFDOUHVRXUFHVDUH XQOLNHO\WRRFFXU,ISDOHRQWRORJLFDOUHVRXUFHVDUHHQFRXQWHUHGGXULQJ SURMHFWDFWLYLWLHVDOOZRUNZLWKLQIHHWRIWKHGLVFRYHU\VKDOOEH UHGLUHFWHGXQWLOWKHSDOHRQWRORJLFDOPRQLWRUFDQHYDOXDWHWKHUHVRXUFHVDQG PDNHUHFRPPHQGDWLRQV,ISDOHRQWRORJLFDOGHSRVLWVDUHLGHQWLILHGLWLV UHFRPPHQGHGWKDWVXFKGHSRVLWVEHDYRLGHGE\SURMHFWDFWLYLWLHV 3DOHRQWRORJLFDOPRQLWRUVPXVWEHHPSRZHUHGWRKDOWFRQVWUXFWLRQ DFWLYLWLHVZLWKLQIHHWRIWKHGLVFRYHU\WRUHYLHZWKHSRVVLEOH SDOHRQWRORJLFDOPDWHULDODQGWRSURWHFWWKHUHVRXUFHZKLOHLWLVEHLQJ HYDOXDWHG,IDYRLGDQFHLVQRWIHDVLEOHDVGHWHUPLQHGE\WKH&LW\DIWHU FRQVXOWDWLRQZLWKWKHSURMHFWHQJLQHHUDGYHUVHHIIHFWVWRVXFKUHVRXUFHV VKDOOEHPLWLJDWHGLQDFFRUGDQFHZLWKWKHUHFRPPHQGDWLRQVRIDTXDOLILHG SDOHRQWRORJLVW$WDPLQLPXPPLWLJDWLRQVKDOOLQFOXGHGDWDUHFRYHU\DQG DQDO\VLVSUHSDUDWLRQRIDGDWDUHFRYHU\UHSRUWRURWKHUUHSRUWVDV DSSURSULDWHDQGDFFHVVLRQLQJIRVVLOPDWHULDOUHFRYHUHGWRDQDFFUHGLWHG SDOHRQWRORJLFDOUHSRVLWRU\VXFKDVWKH8QLYHUVLW\RI&DOLIRUQLD0XVHXP RI3DOHRQWRORJ\
8&03
8SRQSURMHFWFRPSOHWLRQDUHSRUWVKDOOEH
SUHSDUHGGRFXPHQWLQJWKHPHWKRGVDQGUHVXOWVRIPRQLWRULQJDQGFRSLHV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
RIWKLVUHSRUWVKDOOEHVXEPLWWHGWRWKH&LW\SURMHFWDSSOLFDQWDQGWRWKH UHSRVLWRU\DWZKLFKDQ\IRVVLOVDUHDFFHVVLRQHG
&8/7E

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
8&03
8SRQFRPSOHWLRQRISURMHFWDFWLYLWLHVDUHSRUW
WKDWGRFXPHQWVWKHPHWKRGVDQGILQGLQJVRIWKHPLWLJDWLRQVKDOOEH SUHSDUHGDQGFRSLHVVXEPLWWHGWRWKH&LW\SURMHFWDSSOLFDQWDQGWRWKH UHSRVLWRU\DWZKLFKDQ\IRVVLOVDUHDFFHVVLRQHG
&8/7F

- 38%/,&6(59,&(65(/$7(' 7KHSURMHFWDSSOLFDQWVKDOOUHF\FOHSHUFHQWRIWKHZDVWHPDWHULDOV JHQHUDWHGE\SURMHFWFRQVWUXFWLRQ7KHDSSOLFDQWVKDOOVXEPLWDSUH FRQVWUXFWLRQUHF\FOLQJPDQDJHPHQWSODQWRWKH&LW\3XEOLF:RUNV 'HSDUWPHQWIRUUHYLHZDQGDSSURYDOSULRUWRWKHLVVXDQFHRIDJUDGLQJ SHUPLW3ULRUWRLVVXDQFHRIWKH&HUWLILFDWHRI2FFXSDQF\WKHSURMHFWDSSOL FDQWVKDOOSRVWDFRQVWUXFWLRQUHSRUWZLWKZHLJKWWDJVVWDWLQJZKHUH FRQVWUXFWLRQPDWHULDOVZHUHUHF\FOHGDQGGHPRQVWUDWLQJWKDWWKH SHUFHQWUHF\FOLQJUDWHRI0HDVXUH'KDVEHHQDFKLHYHG 36

7KHSURMHFWDSSOLFDQWVKDOOLQVWDOODQLQWHUQDOV\VWHPGHVLJQHGWRLQFUHDVH UHF\FOLQJDQGFRPSRVWLQJ7KHUHF\FOLQJDQGFRPSRVWLQJV\VWHPVKDOO LQFOXGHGHGLFDWHGFKXWHVIRUJDUEDJHUHF\FOLQJDQGJUHHQZDVWH LQFOXGLQJ
IRRGVFUDSV
)LQDOGHVLJQSODQVVKDOOLQFOXGHDUHDVIRUWKHVWRUDJHDQG ORDGLQJRIUHF\FOLQJPDWHULDOVDQGFRQWDLQHUVLQDFFRUGDQFHZLWK (PHU\YLOOH0XQLFLSDO&RGH7LWOH&KDSWHU&ROOHFWLRQRI6ROLG:DVWH DQG5HF\FODEOHVDQG7LWOH&KDSWHU)RRG6HUYLFH:DVWH5HGXFWLRQ
36

3ULRUWRWKHLVVXDQFHRIHYHU\)'3WKH(PHU\YLOOH3ROLFHDQG)LUH 'HSDUWPHQWVVKDOOUHYLHZSURSRVHGGHYHORSPHQWSODQVWRGHWHUPLQH ZKHWKHUH[LVWLQJSROLFHDQGILUHIDFLOLWLHVZRXOGEHDEOHWRDFFRPPRGDWH LQFUHDVHGGHPDQGIRUHPHUJHQF\VHUYLFHV,IH[LVWLQJIDFLOLWLHVZRXOGEH LQDGHTXDWHWKHSURMHFWVSRQVRUVKDOOFRQWULEXWHDSURUDWDVKDUHRIWKHFRVW

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
WRFRQVWUXFWQHZIDFLOLWLHV
36
0DLQ6WUHHWDQG5HGXFHG0DLQ6WUHHW
DOWHUQDWLYH

3ULRUWRWKHLVVXDQFHRIWKHILUVW)'3IRUHDFKSKDVHRIWKHSURMHFWDWKH DSSOLFDQWVKDOOSUHSDUHD:DWHU6XSSO\$VVHVVPHQWVKDOOEHSUHSDUHG,I WKH:DWHU6XSSO\$VVHVVPHQWVKRZVWKDWH[LVWLQJZDWHUVXSSOLHVZRXOGEH LQDGHTXDWHWRVHUYHWKHSURSRVHGDOWHUQDWLYHWKHDOWHUQDWLYHVKDOOEH PRGLILHGWRUHGXFHZDWHUGHPDQG
HJWKURXJKWKHUHGXFWLRQRIZDWHU
LQWHQVLYHFRPPHUFLDORUUHVLGHQWLDOXVHVZDWHUFRQVHUYDWLRQPHDVXUHV DQGRUUHF\FOLQJRIUDLQDQGJUD\ZDWHU
VXFKWKDWH[LVWLQJZDWHU
HQWLWOHPHQWVZRXOGEHDGHTXDWHWRVHUYHWKHVLWH 36
0DLQ6WUHHWDQG
5HGXFHG0DLQ6WUHHWDOWHUQDWLYH

3ULRUWRWKHLVVXDQFHRIWKHILUVW)'3IRUHDFKSKDVHWKHDSSOLFDQWVKDOO SUHSDUHDVHZHUFDSDFLW\VWXG\WRGHWHUPLQHLIWKHUHLVDGHTXDWHVDQLWDU\ VHZHUFRQYH\DQFHFDSDFLW\WRDFFRPPRGDWHWKHSURSRVHGSURMHFW,ILWLV GHWHUPLQHGWKDWWKHUHLVLQDGHTXDWHFDSDFLW\IRUDGGLWLRQDOIORZVHLWKHURI WKHIROORZLQJDFWLRQVVKDOORFFXU

L
7KHXWLOLW\SODQVKDOOEHGHVLJQHGWRFRQYH\DOOVHZDJHIORZVRQWKH VLWHWRWKHLQFK7&SLSHLQWKHQRUWKHUQSRUWLRQRIWKHVLWH,IWKH WRSRJUDSK\RIWKHVLWHLVVXFKWKDWVDQLWDU\VHZHUIORZVZRXOGQRWEHDEOH WRJUDYLW\IHHGLQWRWKHLQFK7&SLSH

LL
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
36
0DLQ6WUHHWDQG5HGXFHG0DLQ6WUHHWDOWHUQDWLYH

. 75$)),&5(/$7('
7UDQVSRUWDWLRQ0DQDJHPHQW3ODQ
7'0
3ULRUWRWKHLVVXDQFHRIHDFK
)'3WKHDSSOLFDQWVKDOOVXEPLWD7'0WKDWLQFOXGHVDWWKHIROORZLQJ HOHPHQWVDVDSSOLFDEOH
75$)EDQGE
$,50DLQ6WUHHWDQG
5HGXFHG0DLQ6WUHHW$OWHUQDWLYHV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
3URYLVLRQRIWUDQVLWDPHQLWLHVDQGIDFLOLWLHVLQFOXGLQJEXVSXOO RXWVEHQFKHVVKHOWHUVWUDQVLWLQIRUPDWLRQDQGWLFNHWNLRVNVDQG GLVFRXQWHGWUDQVLWSDVVHVIRUHPSOR\HHVDQGUHVLGHQWV &DUSRROYDQSRROVXSSRUWLQFOXGLQJSUHIHUHQWLDOSDUNLQJVSDFHV DQGULGHPDWFKLQJSURJUDPV
&DUVKDUHVXSSRUWLQFOXGLQJIUHHSDUNLQJVSDFHVRQVLWH LQIRUPDWLRQDQGDGYHUWLVLQJDQGGLVFRXQWHGUDWHVORQJWHUP FRQWUDFWV
3URYLGHELF\FOHDPHQLWLHVLQFOXGLQJVHFXUHDQGFRQYHQLHQWO\ ORFDWHGELF\FOHSDUNLQJUDFNVSLORWELF\FOHUHQWDOSURJUDPQHZ ELF\FOHSDWKVFRQQHFWHGWRFRPPXQLW\ZLGHQHWZRUNDQG VKRZHUORFNHUIDFLOLWLHV
3URYLGHVLGHZDONVDQGRUSDWKVFRQQHFWHGWRDGMDFHQWODQGXVHV WUDQVLWVWRSVDQGRUFRPPXQLW\ZLGHQHWZRUN
,QDGGLWLRQWKH7'0SODQVKRXOGGLVFRXUDJHDXWRPRELOHXVHE\ LQFRUSRUDWLQJWKHIROORZLQJHOHPHQWV

5HVLGHQWLDOSDUNLQJVSDFHVVKRXOGEHXQEXQGOHGIURPWKH XQLWV
$OOQRQUHVLGHQWLDOSDUNLQJVKRXOGEHSDLGSDUNLQJ
0RQWKO\SDUNLQJSHUPLWVVKRXOGQRWEHSURYLGHGIRU
HPSOR\HHV
3URYLVLRQRIFDUVKDULQJIDFLOLWLHVRQVLWH
,QDGGLWLRQWKH7'0SODQVKDOOFRQGXFWDSDUNLQJGHPDQGVWXG\ WKDWWDNHVLQWRDFFRXQWWKHSRWHQWLDORIWKH7'0WRUHGXFHSDUNLQJ GHPDQG
VKDOOLPSOHPHQWPHDVXUHVIRULPSURYHGSURYLVLRQRI
SDUNLQJRQVLWHDQGRQOLQHWRUHGXFHFUXLVLQJIRUDQRSHQVSDFH DQGWRKHOSSHRSOHWRFKRRVHWKHLUPRGHRIWUDYHOEHIRUHEHJLQQLQJ WKHLUWULS
FRQVLGHUSURYLVLRQRI³(FRSDVV´RUVLPLODUSURJUDPWKDW SURYLGHEXLOGGLVFRXQWRQPRQWKO\
RUDQQXDOEDVLV

7'0SODQIRUWKHVXEVHTXHQW)'3VVKDOOLQFOXGHUHVXOWVRI LPSOHPHQWDWLRQRIWKH7'0PHDVXUHVRXWOLQHGIRUWKHSUHYLRXV )'3VDQGHYDOXDWHDGHTXDF\RISURSRVHGSDUNLQJZLWKLQWKH SDUDPHWHUVRIVSDFHVIRUUHVLGHQWLDOGHYHORSPHQWDQGSHU VTXDUHIHHWIRUQRQUHVLGHQWLDOGHYHORSPHQWZLWKDSHU FHQWUHGXFWLRQIRUVKDUHGSDUNLQJ
/ 67250:$7(55(/$7('
7KHDSSOLFDQWVKDOOSD\IRULQVWDOODWLRQDQGRQJRLQJPDLQWHQDQFHRIWUDVK FROOHFWLRQV\VWHPVLQVWRUPZDWHULQIUDVWUXFWXUHIRUQHZURDGVSDUNLQJORWV DQGGULYHZD\VLQWKHSURMHFWDUHDDVGHVFULEHGLQWKH0DUFKGUDIW 0XQLFLSDO5HJLRQDO3HUPLWIURPWKH6DQ)UDQFLVFR5HJLRQDO:DWHU 4XDOLW\&RQWURO%RDUG7KHSXUSRVHRIWKLVFRQGLWLRQRIDSSURYDOVKDOOEH

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
IRUWKHDSSOLFDQWWRDVVLVWWKH&LW\LQPHHWLQJWUDVKFROOHFWLRQUHTXLUHPHQWV LQWKHQHZUHJXODWLRQVDUHDGRSWHG
,,, &21',7,216$33/<,1*72($&+3+$6(2)'(9(/230(17 $ 3+$6(,$1'(;,67,1*%8,/',1*6
86(63(50,77('
D 7KHSHUPLWWHGXVHVLQDOOSURSRVHGVWUXFWXUHVODEHOHG³5HWDLO´LQ3KDVH, ZLOOLQFOXGHUHWDLOXVHVDQGRUVLPLODUDFWLYHXVHVFRQVLVWHQWZLWK UHTXLUHPHQWVRI&RQGLWLRQ,,(

E 0XOWLIDPLO\UHVLGHQWLDOXVHVKDOOEHWKHSULPDU\XVHLQDOOSURSRVHG VWUXFWXUHVODEHOHG³5HVLGHQWLDO´LQ3KDVH,8VHVDFFHVVRU\WRWKHSULPDU\ XVHVXFKDVVPDOOGHOLFRQYHQLHQFHVWRUHKDLUVDORQHWFDUHDOVR SHUPLWWHG
F 7KHWDEOHEHORZOLVWVXVHVSHUPLWWHGLQH[LVWLQJVWUXFWXUHVLQ0DUNHWSODFH DQGVWUXFWXUHVWREHEXLOWDVSDUWRI3KDVH,DQGODEHOHGDV³&RPPHUFLDO´ RU³2IILFH´LQWKH3UHOLPLQDU\'HYHORSPHQW3ODQ
7DEOH,
8VHV3HUPLWWHGLQ([LVWLQJ%XLOGLQJVDQG3URSRVHG³&RPPHUFLDO RU³2IILFH´
%XLOGLQJVLQWKH3'3
$Q\XVHVQRWH[SOLFLWO\OLVWHGDUHQRWSHUPLWWHG
&LYLF8VHV &RPPHUFLDO8VHV
$GPLQLVWUDWLYH6HUYLFHV $GPLQLVWUDWLYH %XVLQHVV2IILFHV &RPPXQLW\(GXFDWLRQ $QLPDO6DOHVDQG6HUYLFHV

*URRPLQJ 3HW6WRUHV
9HWHULQDU\
&RPPXQLW\5HFUHDWLRQ $XWRPRWLYH (TXLSPHQW

$XWRPRWLYH5HQWDOV
&RQYDOHVFHQW6HUYLFHV &RPPHUFLDO5HFUHDWLRQ

$PXVHPHQW&HQWHU
,QGRRU(QWHUWDLQPHQW
,QGRRU6SRUWV 5HFUHDWLRQ
&XOWXUDODQG/LEUDU\6HUYLFHV &RQVWUXFWLRQ6DOHV 6HUYLFHV 'D\&DUH6HUYLFHV &RQYHQLHQFH6DOHV 6HUYLFHV
3XEOLF3DUNLQJ6HUYLFHV (DWLQJ 'ULQNLQJ(VWDEOLVKPHQWV &RQYHQLHQFH

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
)XOO6HUYLFH
5HOLJLRXV$VVHPEO\ )LQDQFLDO6HUYLFHV
)RRGDQG%HYHUDJH5HWDLO6DOHV

D 7KHDSSOLFDQWVKDOOVXEPLWD)'3DSSOLFDWLRQIRUDSSURYDOSULRUWR VXEPLVVLRQRIDQ\EXLOGLQJSHUPLW7KHDSSOLFDQWPD\VXEPLWQRPRUH WKDQRQH)'3DSSOLFDWLRQIRUHDFKEXLOGLQJ7KHDSSOLFDQWPXVWSURYLGHD SKDVLQJSODQIRU3KDVH,SULRUWRWKHLVVXDQFHRIWKHILUVW)'37KHSKDVLQJ SODQVKDOOLQFOXGHDWLPHOLQHIRUSURFHVVLQJRI)'3DQGEXLOGLQJSHUPLWV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
DQGDFWXDOFRQVWUXFWLRQWLPH7KLVSODQVKDOODOVRLQFOXGHDSODQIRU SDUNLQJDUUDQJHPHQWVIRUH[LVWLQJWHQDQWVDQGRUUHVLGHQWVGXULQJWKH FRQVWUXFWLRQSHULRGIRU3KDVH,
E 3ULRUWRWKHLVVXDQFHRIWKHEXLOGLQJSHUPLWRIWKH6KHOOPRXQGEXLOGLQJ WKHDSSOLFDQWVKDOOVXEPLWDQRIIHUWRGHGLFDWHHDVHPHQWWKDWVKDOODOORZ SXEOLFDFFHVVDWDOOWLPHVIRUWKHFRQQHFWLRQEHWZHHQWKHSHGHVWULDQEULGJH DQG6KHOOPRXQG6WUHHW
'(6,*15(/$7('

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
:,1'

F )LQDOGHVLJQRIWKHURRIGHFNRSHQVSDFHWHUUDFHVRQWKH6KHOOPRXQG EXLOGLQJVKDOOEHKHDYLO\ODQGVFDSHGWRUHGXFHZLQGDQGLPSURYHXVDELOLW\ DQGVKDOOLQFRUSRUDWHSRURXVPDWHULDOVRUVWUXFWXUHV
HJYHJHWDWLRQ
KHGJHVVFUHHQVODWWLFHZRUNSHUIRUDWHGRUH[SDQGHGPHWDO ZKLFKRIIHU
VXSHULRUZLQGVKHOWHUFRPSDUHGWRVROLGVXUIDFHV2XWGRRUIXUQLVKLQJV VXFKDVWDEOHVVKDOOHLWKHUEHHLWKHUZHLJKWHGRUDWWDFKHGWRWKHGHFN

:,1'

G 3ULRUWRWKHLVVXDQFHRIWKH)'3IRUWKH6KHOOPRXQGEXLOGLQJVLWHWKH DSSOLFDQWVKDOOVXEPLWDUHYLHZRIWKHGHVLJQE\DE\DTXDOLILHGZLQG FRQVXOWDQW7KHGHVLJQUHYLHZVKDOOHYDOXDWHWKHDUFKLWHFW¶VHPSOR\PHQWRI RQHRUPRUHRIWKHIROORZLQJGHVLJQJXLGHOLQHVWRUHGXFHZLQGLPSDFWV

:HVWRUVRXWKHDVWHUO\EXLOGLQJIDFHVVKDOOEHDUWLFXODWHGDQGPRGXODWHG WKURXJKWKHXVHRIDUFKLWHFWXUDOGHYLFHVVXFKDVVXUIDFHDUWLFXODWLRQ YDULDWLRQYDULDWLRQRISODQHVZDOOVXUIDFHVDQGKHLJKWVDVZHOODVWKH SODFHPHQWRIVWHSEDFNVDQGRWKHUIHDWXUHV8WLOL]HSURSHUO\ORFDWHG ODQGVFDSLQJWRPLWLJDWHZLQGV3RURXVPDWHULDOV
YHJHWDWLRQKHGJHV
VFUHHQVODWWLFHZRUNSHUIRUDWHGRUH[SDQGHGPHWDO
RIIHUVXSHULRUZLQG
VKHOWHUFRPSDUHGWRDVROLGVXUIDFH
:,1'0DLQ6WUHHWDQG5HGXFHG
0DLQ6WUHHW$OWHUQDWLYH

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

L GHVLJQSODQVIRUQHZSDUNLQFOXGLQJUHFRQVROLGDWLRQRI H[LVWLQJDQGH[SDQGHGSDUNODQGKDUGVFDSHDQGSODQWLQJ DUHDVODQGVFDSHSODQVDQGSODQWLQJSDOHWWH
LL DGHVFULSWLRQRIWKHSURSRVHGGHGLFDWLRQPHFKDQLVPWRWKH &LW\
LLL HQYLURQPHQWDOWHVWLQJUHVXOWVDQGDSURSRVDOWRUHPHGLDWHLI IHDVLEOH
LY SURSRVHGUHSODFHPHQWSDUNLQJIRUDGMDFHQWH[LVWLQJSDUNLQJ VSDFHVWREHUHPRYHGIRUWKHH[SDQVLRQRIWKHSDUN
7KHDSSOLFDQWVKRXOGFRQVWUXFWWKHSDUNLQFRQMXQFWLRQZLWKWKH FRQVWUXFWLRQRIWKH6KHOOPRXQG%XLOGLQJLQDFFRUGDQFHZLWKWKHVFKHGXOH DQGWHUPVQHJRWLDWHGLQWKH2ZQHU3DUWLFLSDWLRQ$JUHHPHQW 23$
7KH
FRQVWUXFWLRQRIWKHSDUNVKDOOEHFRPSOHWHSULRUWRWKHLVVXDQFHRIDQ\ WHPSRUDU\FHUWLILFDWHRIRFFXSDQF\RIDQ\EXLOGLQJLQ3KDVH,, I ,QWKH3KDVH,)'3WKDWLQFOXGHVWKH6KHOOPRXQG%XLOGLQJWKH DSSOLFDQWVKDOOLQFOXGHDVWXG\RIWKHSRWHQWLDOIRUDIXWXUHELF\FOH 0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJH
RI
SDWKFRQQHFWLQJHDVWDQGZHVW(PHU\YLOOHDFURVVWKHUDLOURDGWUDFNV DQGLWVLPSDFWLIDQ\RIWKHEXLOGLQJDQGVLWHGHVLJQ
75$)),&$1'38%/,&,03529(0(176
D &LUFXODWLRQ7KHDSSOLFDWLRQIRUWKH)'3WKDWLQFOXGHVWKH 6KHOOPRXQG%XLOGLQJVKDOOLQFOXGHSODQVWKDWFRQWDLQVXIILFLHQW GHWDLORIWKHLQWHUQDOFLUFXODWLRQRIVXUIDFHSDUNLQJZHVW RI6KHOOPRXQG6WUHHWLQIURQWRIWKHH[LVWLQJ3XEOLF0DUNHWWR GHPRQVWUDWHWRWKHVDWLVIDFWLRQRIWKH3XEOLF:RUNV'LUHFWRUWKDW WKHUHDUHQRFRQIOLFWVZLWKWKHJDUDJHHQWUDQFHIRUWKH6KHOOPRXQG %XLOGLQJ7KHLQWHUQDOFLUFXODWLRQVKDOOEHUHFRQILJXUHGLI QHFHVVDU\WRFRRUGLQDWHLQWHUQDOFLUFXODWLRQRIERWKWKHVXUIDFH SDUNLQJZLWKWKH6KHOOPRXQG%XLOGLQJJDUDJH
E 3HGHVWULDQ6LJQDO,QVWDOODSHGHVWULDQVLJQDODWWKHSHGHVWULDQ FURVVLQJRQ6KHOOPRXQG6WUHHW7KURXJKGHVLJQWUHDWPHQWVVXFKDV ODQGVFDSLQJFRQVROLGDWHSHGHVWULDQDFWLYLW\IURPWKH6KHOOPRXQG 6WUHHW:RRGILQ+RWHO0DUNHWSODFH'ULYHZD\DQGWKH6KHOOPRXQG 6WUHHW0DUNHWSODFH'ULYHZD\6KHOOPRXQG*DUDJHGULYHZD\WRWKH SHGHVWULDQFURVVLQJ7KHSHGHVWULDQVLJQDOVKDOOEHLQWHUFRQQHFWHG DQGFRRUGLQDWHGZLWKWKHVLJQDODWWKH6KHOOPRXQG
6WUHHW6KHOOPRXQG:D\LQWHUVHFWLRQDQGWKH6KHOOPRXQG6WUHHW 0DUNHWSODFH'ULYHZD\6KHOOPRXQG*DUDJHLQWHUVHFWLRQ(DFKRI WKHVHLPSURYHPHQWVWREHLPSOHPHQWHGE\WKHDSSOLFDQWVKDOOEH GHWDLOHGLQWKH)LQDO'HYHORSPHQW3ODQVIRU3KDVH,DQGDSSURYHG SULRUWRLVVXDQFHRIEXLOGLQJSHUPLW
75$)

F (PHU\*R5RXQG
7KHSURMHFWDSSOLFDQWVKDOOFRQWLQXH
FRQWULEXWLRQVWRWKH(PHU\*R5RXQGV\VWHPDVFXUUHQWO\ SHUIRUPHGXQGHUWKH3URSHUW\EDVHG%XVLQHVV,PSURYHPHQW 'LVWULFW
3%,'
&RQWULEXWLRQVDUHEDVHGRQEXLOGLQJVTXDUH
IRRWDJH
5HFRPPHQGDWLRQ75$)

G $&7UDQVLW5RXWH
7KHDSSOLFDQWVKDOOZRUNZLWK$&7UDQVLWWR
UHRULHQW5RXWHWKURXJKWKHSURMHFWDUHDLQFRQMXQFWLRQZLWK SURYLGLQJDIRUPDOOD\RYHUZLWKEDWKURRPIDFLOLWLHVIRU$&7UDQVLW GULYHUV7KHDSSOLFDQWVKDOOSURYLGHDEXVOD\RYHURQWKHVRXWKVLGH RIWK6WUHHWZLWKEDWKURRPDFFHVVSURYLGHGWR$&7UDQVLW GULYHUVDWWKHSURSRVHGUHWDLOSRUWLRQRIWKHWKDQG6KHOOPRXQG EXLOGLQJ7KHDSSOLFDQWVKDOOSURYLGHDEXVVWRSZLWKDSXOORXWRQ

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
WKHHDVWVLGHRI6KHOOPRXQG6WUHHWQRUWKRIWKHSHGHVWULDQ FURVVLQJIRUQRUWKERXQGEXVHV7KHDSSOLFDQWVKDOOSURYLGHD VRXWKERXQGEXVVWRSRQWKHZHVWVLGHRI6KHOOPRXQG6WUHHWVRXWK RIWKH 6KHOOPRXQG6WUHHW0DUNHWSODFHGULYHZD\

5HFRPPHQGDWLRQ75$)

H 3HGHVWULDQ&URVVLQJ
&RQFHQWUDWHSHGHVWULDQFURVVLQJPRYHPHQWV
WKURXJKGHVLJQWUHDWPHQWVWRWKHPLGEORFNFURVVLQJRQ 6KHOKQRXQG6WUHHW&RQVWUXFWVLGHZDONVRQ6KHOOPRXQG6WUHHWWRD PLQLPXPRIIHHWZLGHDQGSURYLGHDSSURSULDWHODQGVFDSLQJ DORQJ6KHOOPRXQG6WUHHWWRPDLQWDLQSHGHVWULDQYLVLELOLW\DQGVLJKW GLVWDQFH
5HFRPPHQGDWLRQ75$)

I (OHYDWRUV
7KH6KHOOPRXQG%XLOGLQJHOHYDWRUVSURSRVHGWRVHUYH
WKH$PWUDNSHGHVWULDQEULGJHVKRXOGEHODUJHHQRXJKWR DFFRPPRGDWHELF\FOLVWV
5HFRPPHQGDWLRQ75$)

J %LF\FOH3DUNLQJ
)RUHDFKEXLOGLQJWKHDSSOLFDQWVKDOOSURYLGH
WKUHHW\SHVRIELF\FOHV

L
VHFXUHGELF\FOHORFNHUVRQWKHXSSHU
OHYHOVRIWKHJDUDJHUHVHUYHGIRUUHVLGHQWXVHRQO\

LL
VHFXUHG
ELF\FOHORFNHUVRQWKHORZHUOHYHOVRIWKHJDUDJHIRUHPSOR\HH SDUNLQJ
DQG
LLL
ELF\FOHSDUNLQJRQWKHJURXQGIORRUUHVHUYHGIRU
UHWDLOSDWURQV
5HFRPPHQGDWLRQ75$)

K 6KHOOPRXQG*DUDJH
7KHSDUNLQJDUHDVHUYLQJWKHQHZODQGXVHV
RQWKH6KHOOPRXQGVLWHVKDOOEHGHVLJQHGWRRULHQWWKHPDMRULW\RI RXWERXQGWUDIILFDERXWSHUFHQWDZD\IURPWKHVKDUHGGULYHZD\ 7KH)LQDO'HYHORSPHQW3ODQVXEPLWWDOVKDOOLQFOXGHDUHSRUWIRUD OLFHQVHGWUDIILFHQJLQHHUWKDWFRQILUPVWKDWWKHGHVLJQRIWKHJDUDJH DFFRPSOLVKHVWKHDERYH
75$)

7KHDSSOLFDQWVKDOOLQVWDOODSDUNLQJVSDFHFRXQWLQJV\VWHPDWWKH 6KHOOPRXQGEXLOGLQJJDUDJHWRPLQLPL]HH[FHVVLYHFLUFXODWLRQ ZLWKLQWKHVLWH
5HFRPPHQGDWLRQ75$)

L 7UDIILF6LJQDO
7KHDSSOLFDQWVKDOOUHGHVLJQWKHQRUWKHUQGULYHZD\
RIWKH6KHOOPRXQGEXLOGLQJWRDOLJQZLWKH[LVWLQJVXUIDFHSDUNLQJ DFURVV6KHOOPRXQG6WUHHW,QDGGLWLRQWKHDSSOLFDQWVKDOOLQVWDOOD WUDIILFVLJQDOWKDWZLOOEHLQWHUFRQQHFWHGZLWKWKHQHZSHGHVWULDQ VLJQDOUHTXLUHGDERYHLQ&RQGLWLRQRI$SSURYDO,,,$ E

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
M 'HOLYHU\9HKLFOHV
3ULRUWRWKHLVVXDQFHRIDQ\)'3WKHDSSOLFDQW
VKDOOSURYLGHRQRXWOLQHIRUZRUNLQJRIGHOLYHU\YHKLFOHDFFHVVWR WKHEXLOGLQJ7KLVRXWOLQHZLOOEHUHYLHZHGE\WKH3XEOLF:RUNV 'LUHFWRUZKRFDQUHTXHVWWKHDSSOLFDQWWRVXEPLWDUHYLHZIURPD OLFHQVHGWUDIILFHQJLQHHU
5HFRPPHQGDWLRQ75$)

N 7UDIILF6LJQDODWWK6WUHHWDQG6KHOOPRXQG6WUHHW 3ULRUWRWKH
RFFXSDQF\RIWKHODVWEXLOGLQJRI3KDVH,SKDVHWKHDSSOLFDQWVKDOO SURYLGHDWUDIILFUHSRUWSUHSDUHGE\DOLFHQVHGWUDIILFHQJLQHHUWR GHWHUPLQHZKHWKHUFRQGLWLRQVZDUUDQWDWUDIILFVLJQDODWWKH LQWHUVHFWLRQRIWK6WUHHWDQG6KHOOPRXQG6WUHHW
75$)

O WKDQG&KULVWLH6LWH3XEOLF,PSURYHPHQWV
7KH)'3IRUWKHWK
6WUHHWDQG&KULVWLH$YHQXHEXLOGLQJVKDOOLQFOXGHWUDIILFDQGSXEOLF LPSURYHPHQWVGLUHFWO\DGMDFHQWWRWKHWK6WUHHWDQG&KULVWLH $YHQXHVLWH
27+(5
D /RW/LQH$GMXVWPHQW
3ULRUWRLVVXDQFHRIWKHILUVWEXLOGLQJSHUPLW
RQWKHWK &KULVWLH6LWHWKH$SSOLFDQWVKDOOVXEPLWDQ DSSOLFDWLRQIRU/RW/LQH$GMXVWPHQWIRUWKHWK &KULVWLH %XLOGLQJRURWKHUVXEGLYLVLRQDSSOLFDWLRQUHTXLUHGE\WKH'LUHFWRU RI3XEOLF:RUNV
E 7HQWDWLYH0DS
3ULRUWRWKHLVVXDQFHRIWKH)'3IRUWKH
6KHOOPRXQGEXLOGLQJWKHDSSOLFDQWVKDOOVXEPLWD7HQWDWLYH0DS IRUWKHHQWLUHSURMHFWVLWH
% 3+$6(,,$$1'3+$6(,,%
86(63(50,77('
D 7KHSHUPLWWHGXVHVLQDOOSURSRVHGVWUXFWXUHVODEHOHG³5HWDLO´LQ3KDVH,, ZLOOLQFOXGHUHWDLOXVHVDQGRUVLPLODUDFWLYHXVHVFRQVLVWHQWZLWK&RQGLWLRQ ,,(

E 0XOWLIDPLO\UHVLGHQWLDOXVHVKDOOEHWKHSULPDU\XVHLQDOOSURSRVHG VWUXFWXUHVODEHOHG³5HVLGHQWLDO´LQ3KDVH,8VHVDFFHVVRU\WRWKHSULPDU\ XVHVXFKDVVPDOOGHOLFRQYHQLHQFHVWRUHKDLUVDORQHWFDUHDOVR SHUPLWWHG

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
F 7KHWDEOHEHORZOLVWVXVHVSHUPLWWHGLQH[LVWLQJVWUXFWXUHVLQ0DUNHWSODFH DQGVWUXFWXUHVWREHEXLOWDVSDUWRI3KDVH,DQGODEHOHGDV³&RPPHUFLDO´ RU³2IILFH´LQWKH3UHOLPLQDU\'HYHORSPHQW3ODQ
7DEOH
8VHV3HUPLWWHGLQ([LVWLQJ%XLOGLQJVDQG3URSRVHG
³&RPPHUFLDO
RU³2IILFH´%XLOGLQJVLQ3KDVH,,$DQG,,%
$Q\XVHVQRWH[SOLFLWO\OLVWHGDUHQRWSHUPLWWHG
&LYLF8VHV &RPPHUFLDO8VHV
$GPLQLVWUDWLYH6HUYLFHV $GPLQLVWUDWLYH %XVLQHVV2IILFHV &RPPXQLW\(GXFDWLRQ $QLPDO6DOHVDQG6HUYLFHV

*URRPLQJ 3HW6WRUHV
9HWHULQDU\
&RPPXQLW\5HFUHDWLRQ $XWRPRWLYH (TXLSPHQW

$XWRPRWLYH5HQWDOV
&RQYDOHVFHQW6HUYLFHV &RPPHUFLDO5HFUHDWLRQ

$PXVHPHQW&HQWHU
,QGRRU(QWHUWDLQPHQW
,QGRRU6SRUWV 5HFUHDWLRQ
&XOWXUDODQG/LEUDU\6HUYLFHV &RQVWUXFWLRQ6DOHV 6HUYLFHV 'D\&DUH6HUYLFHV &RQYHQLHQFH6DOHV 6HUYLFHV
3XEOLF3DUNLQJ6HUYLFHV (DWLQJ 'ULQNLQJ(VWDEOLVKPHQWV &RQYHQLHQFH
)XOO6HUYLFH
5HOLJLRXV$VVHPEO\ )LQDQFLDO6HUYLFHV
)RRGDQG%HYHUDJH5HWDLO6DOHV

H[FOXGLQJDOFRKROEHYHUDJHV

/RGJLQJ6HUYLFHV
0HGLFDO6HUYLFHV
3HUVRQDO6HUYLFHV
3URIHVVLRQDO6HUYLFHV
5HVHDUFK6HUYLFHV
5HWDLO6DOHV
7UDQVSRUWDWLRQ6HUYLFHV
&XVWRP0DQXIDFWXULQJ

$OOSHUPLWWHGXVHVVKDOOEHVXEMHFWWRWKH&RQGLWLRQVRI$SSURYDOIRUWKH0DUNHWSODFH38'3'3DVZHOO DVFRQGLWLRQVRIDSSURYDORIDSSOLFDEOH)LQDO'HYHORSPHQW3ODQ )'3

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
8VHVRQWKHJURXQGIORRURIDOOEXLOGLQJVH[FHSWEXLOGLQJVGHVLJQDWHGDVUHVLGHQWLDOVKDOOEHFRQVLVWHQW ZLWK&RQGLWLRQ,,(

RUVLPLODU³DFWLYH´XVHVDSSURYHGE\WKH3ODQQLQJ'LUHFWRU7KH)'3&RQGLWLRQV RI$SSURYDOVKDOOIXUWKHUUHILQHXVHVSHUPLWWHG
G 7KH)LQDO'HYHORSPHQW3ODQPD\DOORZDQ\XVHLQFOXGLQJPXOWLIDPLO\ UHVLGHQWLDODQGDQ\XVHDOORZHGRQ7DEOHDERYHSURYLGHGWKDWDWWKHHQGRI 3KDVH,,DWOHDVWSHUFHQWRIWKHVTXDUHIRRWDJHRIWKHGHYHORSPHQWQRW LQFOXGLQJSDUNLQJLQ3KDVH,DQG3KDVH,,LVUHVLGHQWLDO SURYLGHGKRZHYHUWKDWDW
WKHHQGRI3KDVH,,WKDWLIDQ\DOORZHGXVHRWKHUWKDQWKHDOORZHGXVHGHVLJQDWHG RQWKH3UHOLPLQDU\'HYHORSPHQW3ODQRUDQ\LQFUHDVHLQWKHVTXDUHIRRWDJHRU QXPEHURIXQLWVLVSURSRVHGLQDQ\EXLOGLQJGHVLJQDWHGDVUHVLGHQWLDOLQWKH 3UHOLPLQDU\'HYHORSPHQW3ODQWKHQWKH$SSOLFDQWVKDOOVXEPLWDWUDIILFVWXG\DQG WKH&LW\VKDOOUHTXLUHDSSURSULDWHFRPSOLDQFHZLWKWKH&DOLIRUQLD(QYLURQPHQWDO 4XDOLW\$FWSULRUWRDSSURYDO
H 7KHSURMHFWVLWHVKDOOQRWLQFOXGHDQ\VLQJOHUHWDLOXVHURYHUVTXDUHIHHW *(1(5$/

D 7KHDSSOLFDQWVKDOOVXEPLWD)'3DSSOLFDWLRQIRUDSSURYDOSULRUWRVXEPLVVLRQRI DQ\EXLOGLQJSHUPLW7KHDSSOLFDQWPD\QRWVXEPLWPRUHWKDQRQH)'3IRUHDFK EXLOGLQJ7KHDSSOLFDQWPXVWSURYLGHDSKDVLQJSODQSULRUWRWKHLVVXDQFHRIWKH ILUVW)'37KHSKDVLQJSODQVKDOOLQFOXGHDWLPHOLQHIRUSURFHVVLQJRI)'3DQG EXLOGLQJSHUPLWVDQGDFWXDOFRQVWUXFWLRQWLPH7KLVSODQVKDOODOVRLQFOXGHDSODQ IRUSDUNLQJDUUDQJHPHQWVIRUH[LVWLQJWHQDQWVDQGRUUHVLGHQWVGXULQJWKH FRQVWUXFWLRQSHULRG
E 7KHFRQVWUXFWLRQRIWKHSDUNVKDOOEHFRPSOHWHSULRUWRWKHLVVXDQFHRIDQ\ WHPSRUDU\FHUWLILFDWHRIRFFXSDQF\IRUDQ\EXLOGLQJLQ3KDVH,, '(6,*15(/$7('

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

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
HYHQWXDOO\FRQQHFWVWRIXWXUHELNHSDWKVWRWKHQRUWKDQGVRXWK,QWKH LQWHULP6KHOOPRXQG6WUHHWVKDOOEHGHVLJQHGWRKDYH&ODVV,,ELNHODQHVRQ ERWKVLGHVRIWKHVWUHHWDQGRQVWUHHWSDUNLQJRQWKH:HVWVLGHRI 6KHOOPRXQGRQO\
F 3ULRUWRWKHLVVXDQFHRIWKH)'3IRUWKH8QLWHG7KHDWHUV 8$
VLWHWKH
DSSOLFDQWVKDOOVXEPLWDUHYLHZRIWKHGHVLJQE\DTXDOLILHGZLQG FRQVXOWDQW7KHGHVLJQUHYLHZVKDOOHYDOXDWHWKHDUFKLWHFW¶VHPSOR\PHQWRI RQHRUPRUHRIWKHIROORZLQJGHVLJQJXLGHOLQHVWRUHGXFHZLQGLPSDFWV
:HVWRUVRXWKHDVWHUO\EXLOGLQJIDFHVVKDOOEHDUWLFXODWHGDQGPRGXODWHG WKURXJKWKHXVHRIDUFKLWHFWXUDOGHYLFHVVXFKDVVXUIDFHDUWLFXODWLRQ YDULDWLRQYDULDWLRQRISODQHVZDOOVXUIDFHVDQGKHLJKWVDVZHOODVWKH SODFHPHQWRIVWHSEDFNVDQGRWKHUIHDWXUHV8WLOL]HSURSHUO\ORFDWHG ODQGVFDSLQJWRPLWLJDWHZLQGV3RURXVPDWHULDOV
YHJHWDWLRQKHGJHV
VFUHHQVODWWLFHZRUNSHUIRUDWHGRUH[SDQGHGPHWDO
RIIHUVXSHULRUZLQG
VKHOWHUFRPSDUHGWRDVROLGVXUIDFH
:,1'0DLQ6WUHHWDQG5HGXFHG
0DLQ6WUHHW$OWHUDQWLYH

75$)),&$1'38%/,&,03529(0(176
D 7UDIILF5HSRUW3ULRUWRWKHLVVXDQFHRIWKHILUVW)'3DWUDIILF UHSRUWVKDOOEHSUHSDUHGIRUWKHSURMHFWDUHDDQGWKHSURMHFWLPSDFWV DVVHVVHGZLWKFXUUHQWWUDIILFFRXQWV7KH&LW\VKDOOEHUHVSRQVLEOH IRUWKHSUHSDUDWLRQRIWKHUHSRUWDQGWKHFRVWVRIWKHUHSRUWVKDOOEH ERUQHE\WKHDSSOLFDQW
E &LUFXODWLRQ3ODQ3ULRUWRWKHLVVXDQFHRIWKHDQ\)'3WKH DSSOLFDQWVKDOOSUHSDUHDGHWDLOHGFLUFXODWLRQSODQWKDWFOHDUO\ GHSLFWVYHKLFOHSHGHVWULDQDQGELF\FOHDFFHVVDQGDVVRFLDWHG URXWHVWKDWZLOOEHUHYLHZHGIRUDGHTXDF\EDVHGRQDSSOLFDEOH SHGHVWULDQELF\FOHDQGSDUNLQJVDIHW\VWDQGDUGVE\DOLFHQVHG WUDIILFHQJLQHHU
75$)
D

F 7UDIILF6LJQDOV
WK6WUHHWDQG6KHOOPRXQG6WUHHW,QWHUVHFWLRQDQG
UG6WUHHWDQG&KULVWLH$YHQXH
3ULRUWRWKHLVVXDQFHRIILUVW)'3
IRU3KDVH,,$RU,,%RUSULRUWRWKHRFFXSDQF\RI3KDVH,
ZKLFKHYHUFRPHVILUVW
WKHDSSOLFDQWVKDOOSUHSDUHGSURYLGHD
WUDIILFVWXG\SUHSDUHGE\OLFHQVHGWUDIILFHQJLQHHUWRGHWHUPLQH ZKHWKHUFRQGLWLRQVZDUUDQWDWUDIILFVLJQDODWWKLVLQWHUVHFWLRQ 7KHDSSOLFDQWVKDOOLQVWDOOWKHWUDIILFVLJQDOVZKHQUHTXLUHGDV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
GHWHUPLQHGE\WKHWUDIILF
75$)
75$)
5HFRPPHQGDWLRQ
75$)

G 3DFLILF3DUN3OD]D
333
'ULYHZD\
$IWHUWKHLQVWDOODWLRQRIWUDIILF
VLJQDODWUG6WUHHWDQG&KULVWLH$YHQXHWKHDSSOLFDQWVKDOO SURYLGHDIHDVLELOLW\VWXG\WKDWZLOODVVHVVUHRULHQWDWLRQRIWKH333 GULYHZD\WRDOLJQZLWKUG6WUHHW,IWKH&LW\GHWHUPLQHVWKDWVXFK DUHRULHQWDWLRQLVQHFHVVDU\DQGGHVLUDEOHWKHQWKHDSSOLFDQWVKDOO SD\IRUDOOWKHFRVWVRIWKLVGULYHZD\UHRULHQWDWLRQ
5HFRPPHQGDWLRQ75$)

H *DUDJH&LUFXODWLRQ
7RPLQLPL]HYHKLFOHFLUFXODWLRQRQ
6KHOOPRXQG6WUHHWDQLQWHUQDOFRQQHFWLRQEHWZHHQWKHWZRJDUDJHV RQWKHHDVWVLGHRI6KHOOPRXQG6WUHHWVKDOOEHPDGH,QWHUQDO VLJQDJHLQWKHJDUDJHVKDOOGLUHFWYHKLFOHVWRH[LWIURPWKH GULYHZD\DOLJQHGZLWKUG6WUHHW$SDUNLQJVSDFHFRXQWLQJ V\VWHPDWWKHJDUDJHVKDOODOVREHLQVWDOOHG
75$)

I 'HOLYHU\9HKLFOHV
3ULRUWRWKHLVVXDQFHRIDQ\)'3WKHDSSOLFDQW
VKDOOSURYLGHRQRXWOLQHIRUZRUNLQJRIGHOLYHU\YHKLFOHDFFHVVWR WKHEXLOGLQJ7KLVRXWOLQHZLOOEHUHYLHZHGE\WKH3XEOLF:RUNV 'LUHFWRUZKRFDQUHTXHVWWKHDSSOLFDQWWRVXEPLWDUHYLHZIURPD OLFHQVHGWUDIILFHQJLQHHU
J 7UDIILF6LJQDODWWK6WUHHWDQG6KHOOPRXQG6WUHHW 3ULRUWRWKH
RFFXSDQF\RIWKHODVWEXLOGLQJRI3KDVH,,SKDVHWKHDSSOLFDQWVKDOO SURYLGHDWUDIILFUHSRUWSUHSDUHGE\DOLFHQVHGWUDIILFHQJLQHHUWR GHWHUPLQHZKHWKHUFRQGLWLRQVZDUUDQWDWUDIILFVLJQDODWWKH LQWHUVHFWLRQRIWK6WUHHWDQG6KHOOPRXQG6WUHHW
75$)

& 3+$6(,,,
86(63(50,77('
D 7KHSHUPLWWHGXVHVLQDOOSURSRVHGVWUXFWXUHVODEHOHG³5HWDLO´LQ3KDVH,,, ZLOOLQFOXGHUHWDLOXVHVDQGRUVLPLODUDFWLYHXVHV E 0XOWLIDPLO\UHVLGHQWLDOXVHVKDOOEHWKHSULPDU\XVHLQDOOSURSRVHG VWUXFWXUHVODEHOHG³5HVLGHQWLDO´LQ3KDVH,8VHVDFFHVVRU\WRWKHSULPDU\ XVHVXFKDVVPDOOGHOLVFRQYHQLHQFHVWRUHVKDLUVDORQVHWFDUHDOVR SHUPLWWHG

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
F 7KHWDEOHEHORZOLVWVXVHVSHUPLWWHGLQH[LVWLQJVWUXFWXUHVLQ0DUNHWSODFH DQGVWUXFWXUHVWREHEXLOWDVSDUWRI3KDVH,DQGODEHOHGDV³&RPPHUFLDO´ RU³2IILFH´LQWKH3UHOLPLQDU\'HYHORSPHQW3ODQ
7DEOH
8VHV3HUPLWWHGLQ([LVWLQJ%XLOGLQJVDQG3URSRVHG
³&RPPHUFLDO
RU³2IILFH´%XLOGLQJVLQ
$Q\XVHVQRWH[SOLFLWO\OLVWHGDUHQRWSHUPLWWHG
&LYLF8VHV &RPPHUFLDO8VHV
$GPLQLVWUDWLYH6HUYLFHV $GPLQLVWUDWLYH %XVLQHVV2IILFHV &RPPXQLW\(GXFDWLRQ $QLPDO6DOHVDQG6HUYLFHV

*URRPLQJ 3HW6WRUHV
9HWHULQDU\
&RPPXQLW\5HFUHDWLRQ $XWRPRWLYH (TXLSPHQW

$XWRPRWLYH5HQWDOV
&RQYDOHVFHQW6HUYLFHV &RPPHUFLDO5HFUHDWLRQ

$PXVHPHQW&HQWHU
,QGRRU(QWHUWDLQPHQW
,QGRRU6SRUWV 5HFUHDWLRQ
&XOWXUDODQG/LEUDU\6HUYLFHV &RQVWUXFWLRQ6DOHV 6HUYLFHV 'D\&DUH6HUYLFHV &RQYHQLHQFH6DOHV 6HUYLFHV
3XEOLF3DUNLQJ6HUYLFHV (DWLQJ 'ULQNLQJ(VWDEOLVKPHQWV &RQYHQLHQFH
)XOO6HUYLFH
5HOLJLRXV$VVHPEO\ )LQDQFLDO6HUYLFHV
)RRGDQG%HYHUDJH5HWDLO6DOHV

H[FOXGLQJDOFRKROEHYHUDJHV

/RGJLQJ6HUYLFHV
0HGLFDO6HUYLFHV
3HUVRQDO6HUYLFHV
3URIHVVLRQDO6HUYLFHV
5HVHDUFK6HUYLFHV
5HWDLO6DOHV
7UDQVSRUWDWLRQ6HUYLFHV
&XVWRP0DQXIDFWXULQJ

$OOSHUPLWWHGXVHVVKDOOEHVXEMHFWWRWKH&RQGLWLRQVRI$SSURYDOIRUWKH0DUNHWSODFH38'3'3DVZHOO DVFRQGLWLRQVRIDSSURYDORIDSSOLFDEOH)LQDO'HYHORSPHQW3ODQ )'3

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
8VHVRQWKHJURXQGIORRURIDOOEXLOGLQJVH[FHSWEXLOGLQJVGHVLJQDWHGDVUHVLGHQWLDOVKDOOEHFRQVLVWHQW ZLWK&RQGLWLRQ,,(

RUVLPLODU³DFWLYH´XVHVDSSURYHGE\WKH3ODQQLQJ'LUHFWRU7KH)'3&RQGLWLRQV RI$SSURYDOVKDOOIXUWKHUUHILQHXVHVSHUPLWWHG
E 7KH)LQDO'HYHORSPHQW3ODQPD\DOORZDQ\XVHLQFOXGLQJPXOWLIDPLO\ UHVLGHQWLDODQGDQ\XVHDOORZHGRQ7DEOHDERYH
SURYLGHGKRZHYHUWKDWLIDQ\
DOORZHGXVHRWKHUWKDQWKHDOORZHGXVHGHVLJQDWHGRQWKH3UHOLPLQDU\ 'HYHORSPHQW3ODQRUDQ\LQFUHDVHLQWKHVTXDUHIRRWDJHRUQXPEHURIXQLWVLV SURSRVHGLQDQ\EXLOGLQJGHVLJQDWHGDVUHVLGHQWLDOLQWKH3UHOLPLQDU\ 'HYHORSPHQW3ODQWKH$SSOLFDQWVKDOOVXEPLWDWUDIILFVWXG\DQGWKH&LW\VKDOO UHTXLUHDSSURSULDWHFRPSOLDQFHZLWKWKH&DOLIRUQLD(QYLURQPHQWDO4XDOLW\$FW SULRUWRDSSURYDO
*(1(5$/

D 7KHDSSOLFDQWVKDOOVXEPLWD)'3DSSOLFDWLRQIRUDSSURYDOSULRUWR VXEPLVVLRQRIDQ\EXLOGLQJSHUPLW7KHDSSOLFDQWPD\QRWVXEPLWPRUH WKDQRQH)'3IRUHDFKEXLOGLQJ7KHDSSOLFDQWPXVWSURYLGHDSKDVLQJ SODQSULRUWRWKHLVVXDQFHRIWKHILUVW)'37KHSKDVLQJSODQVKDOOLQFOXGHD WLPHOLQHIRUSURFHVVLQJRI)'3DQGEXLOGLQJSHUPLWVDQGDFWXDO FRQVWUXFWLRQWLPH7KLVSODQVKDOODOVRLQFOXGHDSODQIRUSDUNLQJ DUUDQJHPHQWVIRUH[LVWLQJWHQDQWVDQGRUUHVLGHQWVGXULQJWKHFRQVWUXFWLRQ SHULRGIRU3KDVH,,,
'(6,*15(/$7('

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
V(QYLURQPHQWDO,PSDFW5HSRUW
75$)),&$1'38%/,&,03529(0(176

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
D 7UDIILF5HSRUW
3ULRUWRWKHLVVXDQFHRIWKHILUVW)'3IRU3KDVH,,, WKHDSSOLFDQWVKDOOVXEPLWDWUDIILFUHSRUWVKDOOEHSUHSDUHGIRUWKH SURMHFWDUHDWKDWSURYLGHVFDSDFLW\DQDO\VLVRIWKHQHLJKERULQJ VWUHHWVDQGSURYLGHVUHFRPPHQGDWLRQVWRLPSURYHERWKYHKLFXODU DQGQRQYHKLFXODUPRYHPHQW7KHUHSRUWVKDOOLQFOXGHYLDELOLW\RI WKHIROORZLQJPHDVXUHV
UHORFDWLRQRIWK6WUHHWGULYHZD\LQWR
3DUNLQJ$UHD'WRLPSURYHGULYHZD\VSDFLQJ
LQVWDOODWLRQRI
SHGHVWULDQVLJQDOVRQ6KHOOPRXQG$YHQXHDWWKHPDMRUFURVVLQJ SRLQWV
QHFHVVLW\RIH[WHQVLRQRIQG6WUHHWWR&KULVWLH$YHQXHWR SURYLGHDJULGQHWZRUNRIVWUHHWV
DQGFRQVWUXFWLRQRIDKLJK
YLVLELOLW\FURVVZDONDFURVV&KULVWLH$YHQXHDWQG6WUHHW&XUUHQW WUDIILFFRXQWVVKDOOEHXWLOL]HGIRUWKHUHSRUW7KH&LW\VKDOOEH UHVSRQVLEOHIRUWKHSUHSDUDWLRQRIWKHUHSRUWDQGWKHFRVWVRIWKH UHSRUWVKDOOEHERUQHE\WKHDSSOLFDQW
5HFRPPHQGDWLRQ75$)
DQG

E &LUFXODWLRQ3ODQ3ULRUWRWKHLVVXDQFHRIWKHDQ\)'3WKH DSSOLFDQWVKDOOSUHSDUHDGHWDLOHGFLUFXODWLRQSODQWKDWFOHDUO\ GHSLFWVYHKLFOHSHGHVWULDQDQGELF\FOHDFFHVVDQGDVVRFLDWHG URXWHVWKDWZLOOEHUHYLHZHGIRUDGHTXDF\EDVHGRQDSSOLFDEOH SHGHVWULDQELF\FOHDQGSDUNLQJVDIHW\VWDQGDUGVE\DOLFHQVHG WUDIILFHQJLQHHU
75$)
D

F 'HOLYHU\9HKLFOHV
3ULRUWRWKHLVVXDQFHRIDQ\)'3WKHDSSOLFDQW
VKDOOSURYLGHRQRXWOLQHIRUZRUNLQJRIGHOLYHU\YHKLFOHDFFHVVWR WKHEXLOGLQJ7KLVRXWOLQHZLOOEHUHYLHZHGE\WKH3XEOLF:RUNV 'LUHFWRUZKRFDQUHTXHVWWKHDSSOLFDQWWRVXEPLWDUHYLHZIURPD OLFHQVHGWUDIILFHQJLQHHU
G 7UDIILF6LJQDODWWK6WUHHWDQG6KHOOPRXQG6WUHHW 3ULRUWRWKH
RFFXSDQF\RIWKHODVWEXLOGLQJRI3KDVH,,SKDVHWKHDSSOLFDQWVKDOO SURYLGHDWUDIILFUHSRUWSUHSDUHGE\DOLFHQVHGWUDIILFHQJLQHHUWR GHWHUPLQHZKHWKHUFRQGLWLRQVZDUUDQWDWUDIILFVLJQDODWWKH LQWHUVHFWLRQRIWK6WUHHWDQG6KHOOPRXQG6WUHHW
75$)

,9 &21',7,216$33/<,1*72$//3+$6(62)'(9(/230(17
1(:
%8,/',1*6$1'6,7('(9(/230(17

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJH
RI
$ *(1(5$/&21',7,216
7RWKHH[WHQWWKDWDQ\RIWKHIROORZLQJJHQHUDOFRQGLWLRQVDUHGXSOLFDWLYHRU LQFRQVLVWHQWZLWKWKHSUHFHGLQJ&RQGLWLRQVDQGRU0LWLJDWLRQ0HDVXUHVWKH SUHFHGLQJ&RQGLWLRQVDQGRU0LWLJDWLRQPHDVXUHVVKDOOFRQWURO 3ULRU7R,VVXDQFH2I$%XLOGLQJ3HUPLW
D 6XEGLYLVLRQ$SSURYDO3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLWWKH 3XEOLF:RUNV'LUHFWRUVKDOOFRQILUPWKDWWKH$SSOLFDQWKDVUHFHLYHG VXEGLYLVLRQDSSURYDOIRUWKHSURMHFWWKURXJKDSDUFHOPDSRUWHQWDWLYHILQDO PDSSURFHGXUHDQGKDVDSSOLHGIRUWKHUHDSSRUWLRQPHQWRIWKH%D\ 6KHOOPRXQG$VVHVVPHQWDVDSSOLFDEOH>3XEOLF:RUNV@
E +RXVLQJ6HW$VLGH3URJUDP3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLW WKH'LUHFWRURI(FRQRPLF'HYHORSPHQWDQG+RXVLQJVKDOOFRQILUPWKDW $SSOLFDQWKDVHQWHUHGLQWRDJUHHPHQWVZLWKWKH&LW\DQGDSSURYHGE\WKH &LW\&RXQFLOWREHUHFRUGHGDJDLQVWWKHSURSHUW\ZKLFKVDWLVI\WKH UHTXLUHPHQWVRIWKH&LW\RI(PHU\YLOOH¶V$IIRUGDEOH+RXVLQJ6HW$VLGH 3URJUDPDVVHWIRUWKLQ6HFWLRQ
HWVHTRIWKH(PHU\YLOOH
0XQLFLSDO&RGH>(FRQRPLF'HYHORSPHQW@
F 3XEOLF$UW3URJUDP3ULRUWRWKHLVVXDQFHRIDIRXQGDWLRQSHUPLW $SSOLFDQWVKDOOVXEPLWHYLGHQFHRIFRPSOLDQFHZLWKWKH$UWLQ3XEOLF 3ODFHV2UGLQDQFH
$UWLFOHRI7LWOHRIWKH(PHU\YLOOH0XQLFLSDO&RGH

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
G )HHV'HGLFDWLRQVDQG([DFWLRQV&RQGLWLRQVRI$SSURYDOVHWIRUWKKHUHLQ LQFOXGHFHUWDLQIHHVGHGLFDWLRQUHTXLUHPHQWVUHVHUYDWLRQUHTXLUHPHQWV DQGRWKHUH[DFWLRQV3XUVXDQWWR*RYHUQPHQW&RGH6HFWLRQ G

WKLVVHWRI&RQGLWLRQVRI$SSURYDOFRQVWLWXWHVZULWWHQQRWLFHRIDVWDWHPHQW

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
RIWKHDPRXQWRIVXFKIHHVDQGDGHVFULSWLRQRIWKHGHGLFDWLRQV UHVHUYDWLRQVDQGRWKHUH[DFWLRQV$SSOLFDQWLVKHUHE\IXUWKHUQRWLILHGWKDW WKH
GD\DSSURYDOSHULRGLQZKLFKWKHVHIHHVGHGLFDWLRQVUHVHUYDWLRQV DQGRWKHUH[DFWLRQVPD\EHSURWHVWHGSXUVXDQWWR*RYHUQPHQW&RGH 6HFWLRQ
D
ZLOOEHJLQXSRQDSSURYDORIWKHDIRUHPHQWLRQHGSURMHFW DSSURYDOVE\WKH&LW\RI(PHU\YLOOH3ODQQLQJ&RPPLVVLRQ,I$SSOLFDQW IDLOVWRILOHDSURWHVWZLWKLQWKLV
GD\SHULRGFRPSO\LQJZLWKDOORIWKH
UHTXLUHPHQWVRI6HFWLRQ$SSOLFDQWZLOOEHOHJDOO\EDUUHGIURP FKDOOHQJLQJVXFKH[DFWLRQV
3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLWWKH%XLOGLQJ2IILFLDOVKDOO FRQILUPWKDWDOODSSOLFDEOHIHHVGXHDWWKHLVVXDQFHRIDEXLOGLQJSHUPLW KDYHEHHQSDLG>%XLOGLQJ@
H &RVW5HFRYHU\3ODQQLQJ)HHV3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLW WKH3ODQQLQJ'LUHFWRUVKDOOFRQILUPWKDWDOOFRVWUHFRYHU\SODQQLQJIHHV KDYHEHHQSDLGWRGDWH>3ODQQLQJ@
35,25727+(,668$1&(2)$&(57,),&$7(2)2&&83$1&< D 1RWLFHWR7HQDQWVDQG)XWXUH2ZQHUV3ULRUWRWKHLVVXDQFHRIDFHUWLILFDWH RIRFFXSDQF\$SSOLFDQWVKDOOSURYLGHWRWKH3ODQQLQJ'LUHFWRUDQRWLFHLQ DOOOHDVHDQGVDOHVGRFXPHQWVWRDOOSURVSHFWLYHWHQDQWVDQGIXWXUH SXUFKDVHUVRIWKHSURSHUW\RQWKHVLWHLQDIRUPDFFHSWDEOHWRWKH&LW\ $WWRUQH\DGGUHVVLQJ

WKHH[LVWHQFHRIQHDUE\LQGXVWULDODQGFRPPHUFLDO
XVHVZKLFKKDYHWKHSRWHQWLDOWRHPLWQRLVHDWOHYHOVDQGGXULQJKRXUVRI WKHGD\WKDWSHUVRQVPD\ILQGGLVWXUELQJ

QHDUE\FRPPHUFLDODQG
PDQXIDFWXULQJLQGXVWULDOXVHVZKLFKPD\JHQHUDWHRGRUV

H[LVWHQFHRI
WUXFNWUDIILF

H[LVWHQFHRIDQHDUE\PDLQOLQHUDLOURDGWKDWRSHUDWHV KRXUVSHUGD\VHYHQGD\VSHUZHHNZLWKDVVRFLDWHGWUDLQKRUQVDQGRWKHU VRXQGVDQGYLEUDWLRQ

WKHSRVVLELOLW\RIIXWXUHQHDUE\GHYHORSPHQWWKDW
PD\EORFNYLHZV
DQG
VLWHKDVFRQWDLQHGKD]DUGRXVPDWHULDOVDQGWKDW
PHDVXUHVKDYHEHHQXQGHUWDNHQWRUHPHGLDWHDQ\SRWHQWLDOKHDOWKULVNV DVVRFLDWHGZLWKWKHKD]DUGRXVPDWHULDOVDQGGRFXPHQWVUHODWHGWRWKLV HIIRUWDUHRQILOHZLWKWKHSURSHUW\RZQHUWKH&LW\RI(PHU\YLOOH3ODQQLQJ 'HSDUWPHQW>&LW\$WWRUQH\3ODQQLQJ@
E )HHV'HGLFDWLRQVDQG([DFWLRQV3ULRUWRWKHLVVXDQFHRIDFHUWLILFDWHRI RFFXSDQF\WKH%XLOGLQJ2IILFLDOVKDOOFRQILUPWKDWDOODSSOLFDEOHIHHVGXH DWWKHLVVXDQFHRIDFHUWLILFDWHRIRFFXSDQF\KDYHEHHQSDLG>%XLOGLQJ@

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
F &RVW5HFRYHU\3ODQQLQJ)HHV3ULRUWRWKHLVVXDQFHRIDFHUWLILFDWHRI RFFXSDQF\WKH3ODQQLQJ'LUHFWRUVKDOOFRQILUPWKDWDOOFRVWUHFRYHU\ SODQQLQJIHHVKDYHEHHQSDLGLQIXOO>3ODQQLQJ@
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¶DVVRFLDWLRQIRUWKHORQJWHUP PDLQWHQDQFHRIWKHODQGVFDSHGDQGFRPPRQDUHDVRIWKHSURMHFWDQGIRU SHUIRUPDQFHERQGVSXUVXDQWWR(PHU\YLOOH0XQLFLSDO&RGH6HFWLRQ

F

7KHPDSRUFRQGRPLQLXPSODQVKDOOEHILOHGSULRUWRWKH LVVXDQFHRIDFHUWLILFDWHRIRFFXSDQF\IRUWKHUHVLGHQWLDOFRPSRQHQW7KH PDSSODQDQGWKH&& 5VIRUWKHKRPHRZQHUV=DVVRFLDWLRQVKDOOLQFOXGHD FRQGLWLRQWKDWUHVLGHQWLDOSDUNLQJVKDOOQRWEHXVHGIRUVWRUDJHLQOLHXRI QHHGHGSDUNLQJ>&LW\$WWRUQH\¶V2IILFH@
J 3XEOLF$UW3URJUDP3ULRUWRWKHLVVXDQFHRIDFHUWLILFDWHRIRFFXSDQF\ $SSOLFDQWVKDOOQRWLI\WKH(FRQRPLF'HYHORSPHQWDQG+RXVLQJ 'HSDUWPHQW3XEOLF$UW3URMHFWV&RRUGLQDWRUWRYHULI\$SSOLFDQW=V LQVWDOODWLRQRIWKHRQVLWHSXEOLFDUW,I&LW\GHWHUPLQHVWKDWSXEOLFDUWKDV QRWEHHQLQVWDOOHG$SSOLFDQWVKDOOEHUHTXLUHGWRSD\WKHLQOLHXSXEOLFDUW IHHLQIXOO>(FRQRPLF'HYHORSPHQW@
% %8,/',1*$1'&216758&7,215(48,5(0(176
35,2572,668$1&(2)$%8,/',1*3(50,7
D 3ODQV3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLWWKH%XLOGLQJ2IILFLDO VKDOOYHULI\WKDWWKHWLWOHVKHHWIRUWKHEXLOGLQJSHUPLWGUDZLQJVFRQWDLQV WKHIROORZLQJ
>%XLOGLQJ@

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
D 3HUPLWQXPEHU
E =RQLQJGLVWULFW
F )$5
GHQVLW\SHUDFUHIRUUHVLGHQWLDO

G /RWDUHDLQVTXDUHIHHW
H 7RWDOQXPEHURISDUNLQJVSDFHVZLWKSDUNLQJVSDFHVQXPEHUHGRQ SODQVLQDFRQVHFXWLYHPDQQHUDQGFRQVLVWHQWZLWKWKHSDUNLQJ VXPPDU\RQWKHWLWOHSDJH
I %XLOGLQJKHLJKWVZLWKKHLJKWRIDQ\DSSXUWHQDQFHVQRWHG J 1XPEHUDQGW\SHRIUHVLGHQWLDOXQLWV
HJOLYHZRUNDSDUWPHQW
FRQGR

K 'HWDLOHGEUHDNGRZQRIIORRUDUHDV
L 1XPEHURIIORRUV
M ([LVWLQJEXLOGLQJLQIRUPDWLRQ
LIDSSOLFDEOH

N 7RWDO,PSHUYLRXV6XUIDFHDUHDLQVTXDUHIHHW
IURPWKH,PSHUYLRXV
6XUIDFHDQG6WRUPZDWHU7UHDWPHQW0HDVXUHV)RUPSURYLGHGE\ WKH&LW\RI(PHU\YLOOH

O 7KH$SSOLFDQWVKDOOSUHSDUHDVFRUHFDUGEDVHGRQHLWKHU %XLOG,W
*UHHQ
*UHHQ3RLQW5DWHG
RUWKH8QLWHG6WDWHV*UHHQ%XLOGLQJ
&RXQFLO
/(('
RIWKHJUHHQPHDVXUHVWKDWDUHWREHLQFRUSRUDWHG
LQWRWKHUHVLGHQWLDORUFRPPHUFLDOVHFWLRQVRIWKHSURMHFWDQGWKH WRWDOVFRUHIRUWKHSURMHFW
ZLWKHOHFWURQLFYHUVLRQWREHVXEPLWWHG
WRWKH(PHU\YLOOH3XEOLF:RUNV'HSDUWPHQWZLWKQRWHVRQFODLPHG SRLQWV

E &RPSOLDQFHZLWK$SSOLFDEOH&RGHV3ULRUWRWKHLVVXDQFHRIDEXLOGLQJ SHUPLWWKH%XLOGLQJ2IILFLDOVKDOOFRQILUPWKDWWKHEXLOGLQJSHUPLWSODQV VSHFLILFDWLRQVDQGRWKHUUHODWHGLQIRUPDWLRQFRQIRUPWRWKH&DOLIRUQLD &RGHVLQHIIHFWDWWKHWLPHDQGDOORWKHUDSSOLFDEOHORFDORUGLQDQFHV &RPSOLDQFHZLWKWKH&DOLIRUQLD&RGHVDQGORFDORUGLQDQFHVVKDOOLQFOXGH EXWQRWEHOLPLWHGWRVHLVPLFDQGJHRWHFKQLFDOUHTXLUHPHQWVIRU6HLVPLF =RQHDQG7LWOHHQHUJ\FRQVHUYDWLRQDQGGLVDEOHGDFFHVV UHTXLUHPHQWV>%XLOGLQJ@
F 8WLOLW\6HUYLFH3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLWWKH%XLOGLQJ 2IILFLDOVKDOOFRQILUPWKDWWKHEXLOGLQJSHUPLWSODQVVSHFLILFDWLRQVDQG LQIRUPDWLRQLQFOXGHGHWDLOHGSODQVIRUSURYLGLQJZDWHUHOHFWULFDOJDV WHOHSKRQHDQGRWKHUOLNHXWLOLWLHVVHUYLFHVWRWKHVLWHLQFOXGLQJDUHYLHZRI WKHH[LVWLQJVHUYLFHVWRWKHVLWHDQGPHDVXUHVRULPSURYHPHQWVRQVLWHWKDW ZLOOEHUHTXLUHGWRDGHTXDWHO\VHUYHWKHVLWHLQFOXGLQJWKHORFDWLRQDQG GHVLJQRIWUDQVIRUPHUV
LIDERYHJURXQGDQGLIUHTXLUHG
DQGDOO
FRQQHFWLRQV$OOQHZDQGH[LVWLQJRQVLWHHOHFWULFDODQGFRPPXQLFDWLRQ

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
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
H &RQVWUXFWLRQ6LJQ3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLW$SSOLFDQW VKDOOVXEPLWDFRQVWUXFWLRQVLJQIRUDSSURYDOE\WKH3ODQQLQJ'LUHFWRULQ DFFRUGDQFHZLWKWKHSURWRW\SHSURYLGHG7KHVLJQVKDOOEHPDGHRID SHUPDQHQWPDWHULDOZLWKSURIHVVLRQDOOHWWHULQJ7KHVLJQVKDOOEHDWOHDVW IHHWE\IHHWZLWKDPLQLPXPOHWWHUVL]HRILQFKHV7KHVLJQVKDOO LQFOXGHWKLVLQIRUPDWLRQ
WKHSURMHFWQDPH
QDPHRIWKHRZQHUGHYHORSHU

WKHQDPHDQGSKRQHQXPEHURIDFRQWDFWSHUVRQDYDLODEOHDWDOOWLPHVWR DGGUHVVFRPSODLQWVDQGZLWKWKHDXWKRULW\WRFRQWUROFRQVWUXFWLRQDFWLYLW\ RQWKHVLWH
QDPHDQGSKRQHQXPEHURIWKHFRQWUDFWRU
DQGWKHDSSURYHG
KRXUVRIFRQVWUXFWLRQ7KHFRQWDFWSHUVRQVKRXOGEHWKH1RLVH 'LVWXUEDQFH&RRUGLQDWRUOLVWHGEHORZLQ&RQGLWLRQ,,,%F 7KHVLJQVKDOOEHSRVWHGDWWKHWLPHRISODFLQJWHPSRUDU\IHQFLQJDQGVWDUW RIFRQVWUXFWLRQDFWLYLW\$WOHDVWRQHVLJQVKDOOEHSODFHGDORQJHDFK SXEOLFVWUHHWIURQWDJHRIWKHVLWHLQDORFDWLRQIDFLQJWKHVWUHHWZKHUHWKH LQIRUPDWLRQFDQEHHDVLO\UHDG6WUHHWIURQWDJHVH[FHHGLQJIHHWLQ OHQJWKVKDOOKDYHRQHVLJQSHUHDFKIRRWVHJPHQWRUIUDFWLRQWKHUHRI >3ODQQLQJ@
I )HQFLQJ3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLW$SSOLFDQWVKDOOLQVWDOO WHPSRUDU\FRQVWUXFWLRQIHQFHDURXQGWKHSHULPHWHURIWKHVLWHWKDWSURYLGHV IRUFRQWLQXHGSHGHVWULDQWUDIILFPHHWLQJWKHVWDQGDUGVRIWKH$PHULFDQV ZLWK'LVDELOLWLHV$FWDVDSSURYHGE\WKH3XEOLF:RUNV'LUHFWRU >3XEOLF :RUNV@

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
J $SSURYDORI5HJXODWRU\$JHQFLHV3ULRUWRWKHLVVXDQFHRIDEXLOGLQJ SHUPLW$SSOLFDQWVKDOOVXEPLWWRWKH%XLOGLQJ2IILFLDOFRSLHVRIDOORWKHU SHUPLWVQHFHVVDU\IURPWKHDSSOLFDEOHUHJXODWRU\DJHQFLHV>%XLOGLQJ@ K $SSURYDORI+D]DUGRXV0DWHULDO5HJXODWRU\$JHQFLHV3ULRUWRLVVXDQFH RIDEXLOGLQJRUJUDGLQJSHUPLW$SSOLFDQWVKDOOVXEPLWWRWKH3ODQQLQJ 'LUHFWRUFRQILUPDWLRQWKDWWKHSURSRVHGXVHRIWKHVLWHLVDFFHSWDEOHWRWKH DSSURSULDWHUHJXODWRU\DJHQF\
HJ5HJLRQDO:DWHU4XDOLW\&RQWURO
%RDUG$ODPHGD&RXQW\'HSDUWPHQWRI+HDOWKRU'HSDUWPHQWRI7R[LF 6XEVWDQFHV&RQWURO
DQGWKDWDQ\FRQGLWLRQVSULRUWRVXFKXVHKDYHEHHQ
PHW,ID5LVN0DQDJHPHQW3ODQ+HDOWKDQG6DIHW\3ODQRUVLPLODU GRFXPHQWLVUHTXLUHGWKHQ$SSOLFDQWVKDOOKDYHVXFKSODQDSSURYHGE\WKH UHJXODWRU\DJHQF\
VKDOOVXEPLWFRSLHVWRWKH3ODQQLQJ'LUHFWRUDQG3XEOLF :RUNV'LUHFWRU
DQGVKDOOFRPSO\ZLWKDOOSURYLVLRQVRIVXFKSODQ
>3ODQQLQJDQG3XEOLF:RUNV@
L /HDGDQG$VEHVWRV3ULRUWRWKHLVVXDQFHRIDGHPROLWLRQRUEXLOGLQJ SHUPLWWKH%XLOGLQJ2IILFLDOVKDOOFRQILUPWKDWDVXUYH\RIOHDGEDVHG SDLQW
/%3
DQGDVEHVWRVFRQWDLQLQJPDWHULDOV
$&0V
VKDOOEH
FRPSOHWHGDQGDOOLGHQWLILHG$&0VDQGDQ\ORRVHRUSHHOLQJ/%3PXVWEH DEDWHG,ILQWDFW/%3LVSUHVHQWRQWKHVLWHDQGQRWDEDWHGGHPROLWLRQDQG FRQVWUXFWLRQDFWLYLWLHVPXVWFRPSO\ZLWKWKH6WDWH=VFRQVWUXFWLRQOHDG VWDQGDUG
7LWOH&DOLIRUQLD&RGHRI5HJXODWRUV6HFWLRQ

>%XLOGLQJ@
'85,1*&216758&7,219LRODWLRQVRIWKHIROORZLQJFRQGLWLRQVDQGDQ\ RWKHUDSSOLFDEOHFRQGLWLRQVPD\UHVXOWLQDVWRSZRUNQRWLFHEHLQJLVVXHGRUDQ\ RWKHUPHDVXUHVWKDWWKH&LW\GHHPVQHFHVVDU\
D &RQVWUXFWLRQ1RLVH
L +RXUV8QOHVVWKH&LW\&RXQFLOJUDQWVDZDLYHUDOORZLQJGLIIHUHQW FRQVWUXFWLRQKRXUVSXUVXDQWWR6HFWLRQRIWKH(PHU\YLOOH 0XQLFLSDO&RGHFRQVWUXFWLRQKRXUVVKDOOEHOLPLWHGWR DPWR

SP0RQGD\WKURXJK)ULGD\DQGSLOHGULYLQJDFWLYLW\VKDOO EHOLPLWHGWR
DPWR
SP0RQGD\WKURXJK)ULGD\,QDQ
XUJHQWVLWXDWLRQWKH&LW\0DQDJHU3ODQQLQJDQG%XLOGLQJ 'LUHFWRURU3XEOLF:RUNV'LUHFWRUPD\DSSURYHZHHNHQGRUQLJKW ZRUNSXUVXDQWWR6HFWLRQ
H
RIWKH (PHU\YLOOH0XQLFLSDO
&RGH

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
LL (TXLSPHQW$OOKHDY\FRQVWUXFWLRQHTXLSPHQWXVHGRQWKHSURMHFW VKDOOEHPDLQWDLQHGLQJRRGRSHUDWLQJFRQGLWLRQZLWKDOOLQWHUQDO FRPEXVWLRQHQJLQHGULYHQHTXLSPHQWHTXLSSHGZLWKLQWDNHDQG H[KDXVWPXIIOHUVWKDWDUHLQJRRGFRQGLWLRQDQGDVGHHPHGWREH SUDFWLFDOO\IHDVLEOH$OOQRQLPSDFWWRROVVKDOOPHHWDPD[LPXP QRLVHOHYHORIQRPRUHWKDQG%ZKHQPHDVXUHGDWDGLVWDQFHRI IHHW$OOVWDWLRQDU\QRLVHJHQHUDWLQJHTXLSPHQWVKDOOEHORFDWHG DVIDUDZD\DVSRVVLEOHIURPQHLJKERULQJSURSHUW\OLQHVHVSHFLDOO\ UHVLGHQWLDOXVHV
LLL 1RLVH'LVWXUEDQFH&RRUGLQDWRU$SSOLFDQWVKDOOGHVLJQDWHD ³1RLVH'LVWXUEDQFH&RRUGLQDWRU´ZKRVKDOOEHUHVSRQVLEOHIRU UHVSRQGLQJWRDQ\FRPSODLQWVDERXWFRQVWUXFWLRQQRLVH7KH1RLVH 'LVWXUEDQFH&RRUGLQDWRUVKDOOGHWHUPLQHWKHFDXVHRIWKHQRLVH FRPSODLQWDQGVKDOOUHTXLUHWKDWUHDVRQDEOHPHDVXUHVZDUUDQWHGWR FRUUHFWWKHSUREOHPEHLPSOHPHQWHG$SSOLFDQWVKDOO
FRQVSLFXRXVO\SRVWDWHOHSKRQHQXPEHUIRUWKH1RLVH'LVWXUEDQFH &RRUGLQDWRUDWWKHFRQVWUXFWLRQVLWHDQGLQFOXGHLWLQWKHQRWLFHVHQW WRQHLJKERUVUHJDUGLQJWKHFRQVWUXFWLRQVFKHGXOH7KH1RLVH 'LVWXUEDQFH&RRUGLQDWRUVKDOOEHWKHFRQWDFWSHUVRQOLVWHGRQWKH FRQVWUXFWLRQVLJQUHTXLUHGE\&RQGLWLRQ,,,$DERYH E 7UDIILF0HDVXUHV$SSOLFDQWWKURXJKLWVFRQWUDFWRUVKDOOLPSOHPHQW FRPSUHKHQVLYHWUDIILFFRQWUROPHDVXUHVDVVHWIRUWKLQWKHDSSURYHG7UDIILF DQG3DUNLQJ0DQDJHPHQW3ODQLQFOXGLQJVFKHGXOLQJRIPDMRUWUXFNWULSV DQGGHOLYHULHVWRDYRLGSHDNKRXUV
QRUPDOO\DPWR
DPDQGSPWR
SP

F 6WUHHW'HEULV$OOPXGGLUWDQGFRQVWUXFWLRQGHEULVFDUULHGRIIWKH FRQVWUXFWLRQVLWHRQWRDGMDFHQWVWUHHWVVKDOOEHUHPRYHGDQGFOHDQHGGDLO\ )DLOXUHWRDGHTXDWHO\VZHHSWKHVWUHHWVPD\UHVXOWLQWKH&LW\XQGHUWDNLQJ WKHHIIRUWDW$SSOLFDQW=VFRVW
G 'XVW&RQWURO0HDVXUHV'XVWFRQWUROPHDVXUHVWRPLQLPL]HDLUTXDOLW\ LPSDFWVVKDOOEHLPSOHPHQWHGLQFOXGLQJ

L &RYHUVWRFNSLOHVRIGHEULVVRLOVDQGRURWKHUPDWHULDOVWKDWFDQEH EORZQE\WKHZLQG
LL &RYHUDOOWUXFNVKDXOLQJVRLOVDQGDQGRWKHUORRVHPDWHULDOV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
LLL 3DYHDSSO\ZDWHUWKUHHWLPHVGDLO\RUDSSO\
QRQWR[LF
VRLO
VWDELOL]HUVRQDOOXQSDYHGDFFHVVURDGVSDUNLQJDUHDVDQGVWDJLQJ DUHDVDWVLWH
LY /LPLWWUDIILFVSHHGVRQXQSDYHGURDGVWRPSK
Y ,QVWDOOPDLQWDLQDQGUHSODFHVDQGEDJVRURWKHUHURVLRQFRQWURO PHDVXUHVWRSUHYHQWVLOWUXQRIIWRSXEOLFURDGZD\V
YL 0LQLPL]HUHPRYDODQGUHSODQWYHJHWDWLRQLQGLVWXUEHGDUHDVDV TXLFNO\DVSRVVLEOH
YLL 1RJUDGLQJEHWZHHQ2FWREHUVWDQG$SULOWKXQOHVVWKH3XEOLF :RUNV'LUHFWRUKDVDSSURYHGDQHURVLRQDQGVHGLPHQWDWLRQFRQWURO SODQ
H $UFKHRORJLFDO5HVRXUFHV,IDUFKHRORJLFDOUHVRXUFHVDUHHQFRXQWHUHG GXULQJFRQVWUXFWLRQWKHQ$SSOLFDQWVKDOO
FHDVHDOOFRQVWUXFWLRQDFWLYLW\
LQWKHYLFLQLW\
QRWLI\WKH3ODQQLQJ'LUHFWRU
KDYHWKHVLJQLILFDQFHRIWKH
LWHPVGHWHUPLQHGE\DTXDOLILHGDUFKHRORJLVWRUFXOWXUDOFRQVXOWDQW DQG
WDNHDQ\IXUWKHUDSSURSULDWHPHDVXUHVXQGHUWKH&DOLIRUQLD(QYLURQPHQWDO 4XDOLW\$FWDQGRWKHUDSSOLFDEOHODZVZLWKWKH3ODQQLQJ'LUHFWRU¶V DSSURYDO,IKXPDQUHPDLQVDUHHQFRXQWHUHGVWDWHODZUHTXLUHVWKDWWKH &RXQW\&RURQHUEHFDOOHGLPPHGLDWHO\$OOZRUNPXVWEHKDOWHGLQWKH YLFLQLW\RIWKHGLVFRYHU\XQWLOWKH&RURQHU¶VDSSURYDOWRFRQWLQXHKDVEHHQ UHFHLYHG
& 38%/,&,03529(0(176
35,2572,668$1&(2)$%8,/',1*3(50,7
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

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
FRQGLWLRQ7KHUHVKDOOEHDQHIIHFWLYHZLGWKRIDWOHDVWIHHWEHWZHHQ REVWDFOHV
OLJKWSROHVVWUHHWVLJQVSHGHVWULDQVHDWLQJEXLOGLQJIURQWDJHV ODQGVFDSLQJFXUEHWF
>3XEOLF:RUNV@
E 6LWH*UDGLQJDQG6WRUP'UDLQDJH'HYHORSPHQWWKDWFRQWULEXWHV DGGLWLRQDOVWRUPZDWHUWRDQH[LVWLQJRIIVLWHGUDLQDJHIDFLOLW\VKDOOEH UHTXLUHGWRSHUIRUPDK\GUDXOLFUHYLHZRIWKHRIIVLWHGUDLQDJHV\VWHPV DQGVKDOOEHUHTXLUHGWRPDNHLPSURYHPHQWVWRWKHV\VWHPDVPD\EH QHFHVVDU\WRDFFRPPRGDWHWKHDGGLWLRQDOVWRUPZDWHUIORZ >3XEOLF :RUNV@
F 6DQLWDU\6HZHU3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLWWKH3XEOLF :RUNV'LUHFWRUVKDOOFRQILUPWKDWWKHEXLOGLQJSHUPLWSODQVVSHFLILFDWLRQV DQGLQIRUPDWLRQLQFOXGHGHWDLOHGSODQVDQGGHVLJQFDOFXODWLRQVIRU SURYLGLQJVHZHUVHUYLFHWRWKHVLWH,IDQH[LVWLQJVDQLWDU\VHZHUODWHUDOLV WREHUHXVHGLWVKDOOFRPSO\ZLWKWKH&LW\6DQLWDU\6HZHU ,QILOWUDWLRQ,QIORZ5HGXFWLRQ6WDQGDUGV$VUHTXHVWHGE\WKH3XEOLF :RUNV'LUHFWRU$SSOLFDQWVKDOOEHUHTXLUHGWRUHYLHZWKHH[LVWLQJSXEOLF VDQLWDU\VHZHUPDLQWRGHWHUPLQHLIWKHUHLVVXIILFLHQWFDSDFLW\WRVHUYHWKH SURSRVHGSURMHFWDQGVKDOOEHUHVSRQVLEOHWRSHUIRUPDQ\RIIVLWH LPSURYHPHQWVWKDWPD\EHQHFHVVDU\WRVHUYHWKHSURSRVHGSURMHFW >3XEOLF:RUNV@
G 8QGHUJURXQG8WLOLW\/LQHV$OOQHZDQGH[LVWLQJRQVLWHHOHFWULFDODQG FRPPXQLFDWLRQOLQHVVKDOOEHSODFHGXQGHUJURXQG
H ,PSURYHPHQW$JUHHPHQW3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLWDQGDV GHHPHGDSSURSULDWHE\WKH3XEOLF:RUNV'LUHFWRU$SSOLFDQWVKDOOHQWHU LQWRDQ,PSURYHPHQW$JUHHPHQWZLWKWKH&LW\RI(PHU\YLOOHWRHQVXUHWKH IDLWKIXOSHUIRUPDQFHRIWKHGHVLJQFRQVWUXFWLRQLQVSHFWLRQDQG LQVWDOODWLRQRIDOOSXEOLFLPSURYHPHQWVVHFXUHGE\JRRGDQGVXIILFLHQW VXUHW\ERQGRUFDVKGHSRVLWDGHTXDWHWRFRYHUDOORIWKHFRVWVLQVSHFWLRQV DQGDGPLQLVWUDWLYHH[SHQVHVRIFRPSOHWLQJVXFKLPSURYHPHQWLQWKHHYHQW RIDGHIDXOW>&LW\$WWRUQH\3XEOLF:RUNV@
35,2572%(*,11,1*&216758&7,21,17+(38%/,&5,*+72) :$<
D (QFURDFKPHQW3HUPLW3ULRUWREHJLQQLQJFRQVWUXFWLRQLQWKHSXEOLFULJKW RIZD\$SSOLFDQWVKDOODSSO\IRUDQGUHFHLYHDQHQFURDFKPHQWSHUPLWIRU

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
DOOZRUNDQGLPSURYHPHQWVZLWKLQWKH&LW\=VULJKWRIZD\RU&LW\ HDVHPHQWV $VUHTXLUHGE\WKH3XEOLF:RUNV'LUHFWRU$SSOLFDQWVKDOO SRVWWKHUHTXLUHGVHFXULW\DQGSURYLGHHYLGHQFHRIOLDELOLW\LQVXUDQFHDV SDUWRIWKHHQFURDFKPHQWSHUPLWSURFHVV$SSOLFDQWVKDOOSD\IRUDOO LQVSHFWLRQIHHVDVVRFLDWHGZLWKZRUNZLWKLQWKH&LW\=VULJKWRIZD\ >3XEOLF:RUNV@
35,2572,668$1&(2)$&(57,),&$7(2)2&&83$1&<
D &RPSOHWLRQRI3XEOLF,PSURYHPHQWV3ULRUWRLVVXDQFHRIDFHUWLILFDWHRI RFFXSDQF\WKH3XEOLF:RUNV'LUHFWRUVKDOOFRQILUPWKDWDOORIIVLWHDQG RQVLWHSXEOLFLPSURYHPHQWVDUHFRPSOHWHGLQDFFRUGDQFHZLWKWKHILQDO EXLOGLQJSHUPLWDQGLPSURYHPHQWSODQVRUWKDWRWKHUDUUDQJHPHQWV DFFHSWDEOHWRWKH3XEOLF:RUNV'LUHFWRUKDYHEHHQPDGHIRUHQVXULQJWKDW WKHZRUNLVFRPSOHWHGVXFKDVDQLUUHYRFDEOHVWDQGE\OHWWHURIFUHGLW >3XEOLF:RUNV@
21*2,1*
'DPDJHWR3XEOLF)DFLOLWLHV$SSOLFDQWVKDOOEHGHHPHGUHVSRQVLEOHIRU DQ\GDPDJHWRSXEOLFLPSURYHPHQWVWKDWRFFXUVGXULQJFRQVWUXFWLRQDQG VKDOOUHSDLUVXFKGDPDJHDWLWVH[SHQVHDQGWRWKHVDWLVIDFWLRQRIWKH3XEOLF :RUNV'LUHFWRULQFOXGLQJEXWQRWOLPLWHGWRVLGHZDONUHSDLUVWUHHWVOXUU\ VHDORUVWUHHWUHFRQVWUXFWLRQ
' 38%/,&6$)(7<5(48,5(0(176
35,2572,668$1&(2)$%8,/',1*3(50,7
D )LUH'HSDUWPHQW6WDQGDUGV3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLWWKH )LUH'HSDUWPHQWVKDOOFRQILUPWKDWWKHILQDOEXLOGLQJSODQVLQFOXGHDOOILUH DQGHPHUJHQF\VDIHW\PHDVXUHVDVUHTXLUHGE\WKH'HSDUWPHQWLQFOXGLQJ DFFHVVUHTXLUHPHQWVSUHPLVHVLGHQWLILFDWLRQNH\ER[HVK\GUDQWVILUH SURWHFWLRQV\VWHPVDQGHTXLSPHQWDQGH[LWLQJDQGHPHUJHQF\ LOOXPLQDWLRQ
E 6LWH6HFXULW\0DQDJHPHQW3ODQ3ULRUWKHLVVXDQFHRIDEXLOGLQJSHUPLW WKH3ROLFHGHSDUWPHQWVKDOOFRQILUPWKDWWKHSODQPHHWVDOOWKH GHSDUWPHQW¶VVWDQGDUGVSHFLILFDWLRQVLQFOXGLQJUHTXLUHPHQWRINQR[ER[HV ZKHUHDSSOLFDEOH

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJH
RI
35,2572,668$1&(2)$&(57,),&$7(2)2&&83$1&<
D 6LWH6HFXULW\0DQDJHPHQW3ODQ3ULRUWRWKHLVVXDQFHRIDFHUWLILFDWHRI RFFXSDQF\$SSOLFDQWVKDOOVXEPLWD6LWH6HFXULW\0DQDJHPHQW3ODQIRU DSSURYDOE\WKH3ROLFH'HSDUWPHQWLQFOXGLQJUHTXLUHPHQWNQR[ER[HV ZKLFKVKDOODGGUHVV>3ROLFH@
E )LUH'HSDUWPHQW6WDQGDUGV3ULRUWRWKHLVVXDQFHRIDFHUWLILFDWHRI RFFXSDQF\WKH)LUH&KLHIVKDOOFRQILUPFRPSOLDQFHZLWKWKHDSSOLFDEOH )LUH'HSDUWPHQWVWDQGDUGV>)LUH@
21*2,1*
D &RPSOLDQFHZLWK6LWH6HFXULW\0DQDJHPHQW3ODQ$SSOLFDQWVKDOOFRPSO\ ZLWKWKHDSSURYHG6LWH6HFXULW\0DQDJHPHQW3ODQGXULQJRSHUDWLRQV >3ROLFH@
E &RPSOLDQFHZLWK)LUH'HSDUWPHQW6WDQGDUGV$SSOLFDQWVKDOOFRPSO\ZLWK WKH)LUH'HSDUWPHQW6WDQGDUGVGXULQJRSHUDWLRQV>)LUH@ ( '(6,*1&21',7,216$1'6,7(67$1'$5'6
35,2572,668$1&(2)$%8,/',1*3(50,7
D (OHYDWLRQV&RORUV0DWHULDOV6LWH3ODQ>$VDSSOLFDEOH@ 3ULRUWRWKH LVVXDQFHRIDEXLOGLQJSHUPLW$SSOLFDQWVKDOOVXEPLWDFRORUVFKHPH VDPSOHVDQGGHWDLOVRIDOOH[WHULRUHOHYDWLRQVDQGEXLOGLQJPDWHULDOVRI VXIILFLHQWVL]HWRWKH3ODQQLQJ'LUHFWRUIRUUHYLHZDQGDSSURYDO0DWHULDOV WREHVXEPLWWHGVKDOOLQFOXGHEXWQRWEHOLPLWHGWRDOOSHULPHWHUJDWHVDQG IHQFHVZLQGRZWUHDWPHQWVVWRUHIURQWZLQGRZVDQGGRRUVDZQLQJV RXWGRRUIXUQLWXUHSDYLQJDQGOLJKWLQJIL[WXUHV>3ODQQLQJ@ E /DQGVFDSLQJ3ODQV
L 3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLW$SSOLFDQWVKDOOVXEPLWD GHWDLOHGRQVLWHODQGVFDSLQJDQGLUULJDWLRQSODQIRUWKHDSSURYDORI WKH3ODQQLQJ'LUHFWRU7KHSODQVVKDOOFRQIRUPWR$UWLFOHRI &KDSWHURI7LWOH
RIWKH0XQLFLSDO&RGHDQG6HFWLRQ%RIWKH
DWWDFKHG6WRUPZDWHU3ROOXWLRQ3UHYHQWLRQDQG6RXUFH&RQWURO

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
0HDVXUHV7KHSODQVVKDOOLQFOXGHVSHFLHVQXPEHURISODQWLQJV VL]HRISODQWLQJVDQGVSHFLILFDWLRQVIRUWKHLUULJDWLRQV\VWHP 0LQLPXPSODQWVL]HVDUHIODWVRUJDOORQFRQWDLQHUVIRUJURXQG FRYHUJDOORQFRQWDLQHUVIRUVKUXEVDQGLQFKER[FRQWDLQHUV IRUWUHHVRUDVRWKHUZLVHPD\EHDSSURYHGE\WKH3ODQQLQJ 'LUHFWRU>3ODQQLQJ@
LL 3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLW$SSOLFDQWVKDOOVXEPLWD GHWDLOHGRIIVLWHODQGVFDSLQJDQGLUULJDWLRQSODQIRUWKHDSSURYDORI WKH3XEOLF:RUNV'LUHFWRU7KHSODQVVKDOOFRQIRUPWR$UWLFOH RI&KDSWHURI7LWOH
RIWKH(PHU\YLOOH0XQLFLSDO&RGHDQG
6HFWLRQ%RIWKHDWWDFKHG6WRUPZDWHU3ROOXWLRQ3UHYHQWLRQDQG 6RXUFH&RQWURO0HDVXUHV7KHSODQVVKDOOLQFOXGHVSHFLHVQXPEHU RISODQWLQJVVL]HRISODQWLQJVDQGVSHFLILFDWLRQVIRUWKHLUULJDWLRQ V\VWHP0LQLPXPSODQWVL]HVDUHIODWVRUJDOORQFRQWDLQHUVIRU JURXQGFRYHUJDOORQFRQWDLQHUVIRUVKUXEVDQGLQFKER[ FRQWDLQHUVIRUWUHHV$OWHUQDWLYHPLQLPXPVL]HVPD\EHDSSURYHG E\WKH3XEOLF:RUNV'LUHFWRU6WUHHWWUHHVRURWKHUODQGVFDSLQJ

VXFKDVYLQHVRUVKUXEV
WRDFKLHYHWKHFDQRS\DQGVKDGLQJJRDOV
RIVWUHHWWUHHVEXWZKLFKFDQVXUYLYHDQGWKULYHLQWKHVLWH¶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³ZHDWKHUVPDUW´FRQWUROOHUSHU(%08'¶V GHILQLWLRQ

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI

5HPRYDORIDQ\H[LVWLQJVWUHHWWUHHVVKDOOFRPSO\ZLWKWKH SURYLVLRQVRI&KDSWHURI7LWOHRIWKH(PHU\YLOOH0XQLFLSDO &RGHLQFOXGLQJEXWQRWOLPLWHGWRSURYLGLQJUHSODFHPHQWWUHHVRI HTXDORUFXPXODWLYHGLDPHWHUDQGRUSD\PHQWRIDUHSODFHPHQW YDOXHIHHDVGHWHUPLQHGE\DFHUWLILHGDUERULVWRUFRPELQDWLRQ WKHUHRI7KHUHSODFHPHQWWUHHVVKDOOEHSURYLGHGRIIVLWHEXWZLWKLQ WKHYLFLQLW\RIWKHSURMHFWVLWH>3XEOLF:RUNV@
1RWH
7KHRQVLWHDQGRIIVLWHODQGVFDSLQJDQGLUULJDWLRQSODQV UHTXLUHGE\FRQGLWLRQV
D
DQG
E
DERYHPD\EHFRPELQHGLQWRD
VLQJOHODQGVFDSLQJDQGLUULJDWLRQSODQVKRZLQJERWKRQVLWHDQG RIIVLWHLPSURYHPHQWV
F 5HF\FOHG:DWHU3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLW$SSOLFDQW VKDOOVXEPLWSODQVIRUWKHDSSURYDORIWKH3ODQQLQJ'LUHFWRUVKRZLQJWKH GHVLJQRIDSOXPELQJV\VWHPWRVHUYHQRQSRWDEOHXVHVLQFRPPRQDUHDV LQFOXGLQJEXWQRWOLPLWHGWRODQGVFDSHGDUHDVDQGSODQWHUVLIUHF\FOHG ZDWHULVDYDLODEOHDWWKHSURMHFWVLWHDWDUHDVRQDEOHFRVWLVRIDGHTXDWH TXDOLW\ZLOOQRWEHGHWULPHQWDOWRSXEOLFKHDOWKDQGZLOOQRWDGYHUVHO\ DIIHFWGRZQVWUHDPZDWHUULJKWVGHJUDGHZDWHUTXDOLW\RULQMXUHSODQWVILVK DQGZLOGOLIH,QDGGLWLRQ$SSOLFDQWVKDOOVXEPLWDOHWWHUIURPWKHUHF\FOHG ZDWHUSURYLGHU
(DVW%D\0XQLFLSDO8WLOLW\'LVWULFW
VWDWLQJUHTXLUHPHQWV
IRUUHF\FOHGZDWHUSOXPELQJSULRUWRLVVXDQFHRIEXLOGLQJSHUPLW,I $SSOLFDQWLVQRWFRPSO\LQJZLWKWKHUHTXLUHPHQWVRIWKHUHF\FOHGZDWHU SURYLGHU$SSOLFDQWVKDOOSURYLGHDZULWWHQH[SODQDWLRQRILWVDFWLRQV >3ODQQLQJ@
G 7UDVKDQG5HF\FOLQJ)DFLOLWLHV3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLW WKH3XEOLF:RUNV'LUHFWRUVKDOOUHYLHZDQGDSSURYHWKHGHVLJQDQGVLWLQJ RIWUDVKDQGUHF\FOLQJIDFLOLWLHVLQFOXGLQJWKHIROORZLQJHOHPHQWV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
0DLQWHQDQFHDQG6HUYLFH
7UDVKVWRUDJHDQGUHF\FOLQJDUHDVVKDOO
LQFOXGHDGHTXDWHVSDFHIRUWKHPDLQWHQDQFHDQGVHUYLFLQJRIFRQWDLQHUVIRU UHF\FODEOHPDWHULDOVWKDWDUHSURYLGHGE\ORFDOGLVSRVDODQGUHF\FOLQJ FRPSDQLHV6HZHUGUDLQVILUHVSULQNOHUVHQFORVXUHVDQGURRILQJ LI

RXWGRRUV
VKDOOEHSURYLGHGDVSHUFLW\VWDQGDUGV$GHTXDWH6SDFHIRU 7UDVKDQG5HF\FODEOHV
7KHDPRXQWRIVSDFHSURYLGHGIRUWKHFROOHFWLRQ
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
&RQYHQLHQFHDQG$FFHVVLELOLW\
7KHUHF\FOLQJDUHDVKDOOEHDWOHDVWDV
DFFHVVLEOHDQGFRQYHQLHQWIRUWHQDQWVDQGFROOHFWLRQYHKLFOHVDVWKHWUDVK FROOHFWLRQDQGVWRUDJHDUHD,IFKXWHVDUHSODQQHGWKHQVHSDUDWHSURSHUO\ ODEHOHG
DVSHU&LW\6WDQGDUGV
DQGGHGLFDWHGFKXWHVPXVWEHSURYLGHGIRU
HDFKDQGHYHU\FROOHFWHGVWUHDPRIPDWHULDOVQRWMXVWIRUWUDVK QRQ
UHF\FODEOHDQGQRQFRPSRVWDEOHPDWHULDOV
7KHWUDVKDQGUHF\FOLQJ
URRP
V
RUDUHDVVKDOOEHORFDWHGRQDQH[WHULRUZDOORIWKHEXLOGLQJ LI

LQGRRUV
ZLWKDGHTXDWHO\VL]HGGRRURUJDWHDFFHVVWRWKHVWUHHWWKURXJKWKH ZDOOVRDVWRPLQLPL]HGLVWDQFHIRUWKHFROOHFWLRQYHKLFOHSHUVRQQHODQG HOLPLQDWHWHPSRUDU\RXWGRRUVWRUDJHRIFRQWDLQHUVRQFROOHFWLRQGD\V,I WKHVWRUDJHDUHDLVORFDWHGRXWVLGHWKHQLWPXVWEHHDVLO\DFFHVVLEOHE\WKH FROOHFWLRQYHKLFOHV,IWKHGD\WRGD\XVHWUDVKDQGUHF\FOLQJDUHD V

FDQQRWEHORFDWHGDGMDFHQWWRWKHVWUHHWWKHQVHUYLFHGD\ORFDWLRQVHDVLO\ DFFHVVLEOHE\WKHFROOHFWLRQYHKLFOHVWDIIPXVWEHSURYLGHGLQDQDUHDRQ VLWHDVSHUFLW\VWDQGDUGVLQHQFORVXUHVFRPSOHWHO\VFUHHQHGDQGFRYHUHG IURPRIIVLWHYLHZE\DVROLGIHQFHRUPDVRQU\ZDOODWOHDVWVL[IHHWKLJK DQGLQKDUPRQ\ZLWKWKHDUFKLWHFWXUHRIWKHEXLOGLQJ
V
7KHDSSOLFDQWVKDOO
SURYLGHDGLDJUDPZLWKWKHVLWHDQGKRZYHKLFOHVZLOODFFHVVDQGHPSW\ WKHYDULRXVGLVFDUGHGPDWHULDOFRQWDLQHUV>3XEOLF:RUNV@ H 'HYHORSPHQW6LJQ7KHSURMHFWLVDOORZHGRQHGHYHORSPHQWVLJQ LQGLFDWLQJGHYHORSHUDUFKLWHFWFRQWUDFWRUHWFGXULQJFRQVWUXFWLRQWKDW VKDOOQRWH[FHHGWZHOYHVTXDUHIHHW2WKHUGHYHORSPHQWPDUNHWLQJVLJQV PD\EHDSSURYHGDGPLQLVWUDWLYHO\E\WKH3ODQQLQJ'LUHFWRUSURYLGHGWKDW

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
WKH\DUHUHPRYHGSULRUWRLVVXDQFHRIDILQDOFHUWLILFDWHRIRFFXSDQF\ >3ODQQLQJ@
I ([WHULRU/LJKWLQJ3ULRUWRLVVXDQFHRIDEXLOGLQJSHUPLW$SSOLFDQWVKDOO SURYLGHVXIILFLHQWLQIRUPDWLRQIRUWKH3ODQQLQJ'LUHFWRUWRFRQILUPWKDW H[WHULRUOLJKWLQJIRUWKHSURMHFWFRPSOLHVZLWKWKHIROORZLQJVWDQGDUGVDQG

FULWHULD
>3ODQQLQJ@
L 3DUNLQJDUHDLOOXPLQDWLRQVKDOOFRQIRUPWRWKHUHTXLUHPHQWVRI $UWLFOHRI&KDSWHURI7LWOH
RIWKH(PHU\YLOOH0XQLFLSDO
&RGH
LL /LJKWIL[WXUHVDWWDFKHGWREXLOGLQJVVKDOOEHGHVLJQHGDVDQLQWHJUDO SDUWRIWKHEXLOGLQJIDFDGHVWRKLJKOLJKWEXLOGLQJIRUPVDQG DUFKLWHFWXUDOGHWDLOV
J 1RLVH3ULRUWRWKHLVVXDQFHRIDEXLOGLQJSHUPLWWKH%XLOGLQJ2IILFLDO VKDOOFRQILUPWKDWWKHSURMHFWLVGHVLJQHGLQRUGHUWROLPLWQRLVHH[SRVXUH WRWKRVHOHYHOVVHWIRUWKLQWKH(PHU\YLOOH0XQLFLSDO&RGHDQG*HQHUDO 3ODQ>%XLOGLQJ@
35,2572,668$1&(2)$&(57,),&$7(2)2&&83$1&<
D 6LJQ3HUPLW$SSOLFDQWVKDOODSSO\IRUDVLJQSHUPLWIRUDQ\SURSRVHG VLJQVQRWLQFOXGHGLQWKLVDSSURYDOLQDFFRUGDQFHZLWKWKH6LJQ 5HJXODWLRQVDW$UWLFOHRI&KDSWHURI7LWOH
RIWKH(PHU\YLOOH
0XQLFLSDO&RGH>3ODQQLQJ@
E 0DVWHU6LJQ3URJUDP$SSOLFDQWVKDOODSSO\IRUDPDVWHUVLJQSURJUDPLQ DFFRUGDQFHZLWKWKH6HFWLRQ

H

RIWKH(PHU\YLOOH0XQLFLSDO
&RGH7KHPDVWHUVLJQSURJUDPVKDOOEHUHYLHZHGDQGDSSURYHGE\WKH 3ODQQLQJ&RPPLVVLRQSULRUWRLPSOHPHQWDWLRQ$SSOLFDQWVKDOOVXEPLWWR WKH3ODQQLQJ'LUHFWRUDQRYHUDOOWHQDQWVLJQKDQGERRNGHWDLOLQJVLJQ UHTXLUHPHQWVUHVWULFWLRQVGLPHQVLRQVFRORUVPDWHULDOVDSSURYDO SURFHGXUHVSURKLELWHGVLJQVDSURWRFROIRUWHPSRUDU\VLJQVDQGRWKHU VSHFLILFDWLRQVIRUWKHORQJWHUPRSHUDWLRQVRIWKHVLJQSURJUDP:KHQD VSHFLILFVLJQGHVLJQLVVXEPLWWHGWRWKH3ODQQLQJ'HSDUWPHQWIRUDSSURYDO WKHVLJQDSSOLFDWLRQVKDOOLQGLFDWHKRZWKHVLJQLVFRQVLVWHQWZLWKWKH DSSURYHGPDVWHUVLJQSURJUDP>3ODQQLQJ@

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
F &RPSOHWLRQRI/DQGVFDSLQJ
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
>3ODQQLQJ@
L $OOPHFKDQLFDOHTXLSPHQWLQFOXGLQJHOHFWULFDODQGJDVPHWHUV KHDWLQJDLUFRQGLWLRQLQJRUYHQWLODWLRQXQLWVUDGLR79DQWHQQDVRU VDWHOOLWHGLVKHVVKDOOEHDSSURSULDWHO\VFUHHQHGIURPRIIVLWHYLHZ DQGHOHFWULFDOWUDQVIRUPHUVVKDOOEHHLWKHUSODFHGXQGHUJURXQGRU DSSURSULDWHO\VFUHHQHG
LL $OOWUDVKHQFORVXUHVVKDOOEHFRPSOHWHO\VFUHHQHGDQGFRYHUHG IURPRIIVLWHYLHZE\DVROLGIHQFHRUPDVRQU\ZDOODWOHDVWVL[IHHW KLJKDQGLQKDUPRQ\ZLWKWKHDUFKLWHFWXUHRIWKHEXLOGLQJ V

$OWHUQDWLYHO\WKHWUDVKIDFLOLWLHVPD\EHSODFHGZLWKLQWKH EXLOGLQJ
LLL $OOYLVLEOHYHQWVJXWWHUVGRZQVSRXWVIODVKLQJVDQGWKHOLNHVKDOO PDWFKWKHFRORURIDGMDFHQWVXUIDFHVRUVKDOOEHLQFRUSRUDWHGLQWR WKHRYHUDOOH[WHULRUFRORUDQGPDWHULDOVVFKHPHIRUWKHEXLOGLQJ

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
21*2,1*
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
F 0DLQWHQDQFHDQG*UDIILWL5HPRYDO7KHVLWHDQGLPSURYHPHQWVVKDOOEH ZHOOPDLQWDLQHGDQGNHSWIUHHRIOLWWHUGHEULVZHHGVDQGJUDIILWL$Q\ JUDIILWLVKDOOEHUHPRYHGZLWKLQKRXUVRIGLVFRYHU\LQDPDQQHUZKLFK UHWDLQVWKHH[LVWLQJFRORUDQGWH[WXUHRIWKHRULJLQDOZDOORUIHQFHDVPRVW SUDFWLFDOO\IHDVLEOH
G 1RLVH7KHSURMHFWVKDOORSHUDWHLQRUGHUWROLPLWQRLVHH[SRVXUHWRWKRVH OHYHOVVHWIRUWKLQWKH(PHU\YLOOH0XQLFLSDO&RGHDQG*HQHUDO3ODQ H ([WHULRU/LJKWLQJ([WHULRUOLJKWLQJVKDOOSURYLGHDGHTXDWHLOOXPLQDWLRQIRU RQVLWHVHFXULW\DQGGLVSOD\SXUSRVHVIRUWKHEXLOGLQJSDUNLQJORWVDQG SHGHVWULDQDFFHVVZD\VZKLOHOLPLWLQJRIIVLWHVSLOORYHURIOLJKWWKURXJK VKLHOGLQJ1ROLJKWVKDOOFUHDWHDKD]DUGIRUDXWRGULYHUV I 5HDO(VWDWH6LJQVLQ3XEOLF5LJKWRI:D\3XUVXDQWWR6HFWLRQ
I

RIWKH(PHU\YLOOH0XQLFLSDO&RGHWHPSRUDU\GLUHFWLRQDOUHDOHVWDWHVLJQV LQGLFDWLQJWKDWDUHVLGHQWLDOGZHOOLQJLVRSHQIRUSXEOLFLQVSHFWLRQ FRQWDLQLQJSULPDULO\WKHZRUGV³RSHQKRXVH´WKHDGGUHVVRIWKHSURSHUW\ DQGWKHQDPHRIWKHILUPWRFRQWDFWRQDQ³$´IUDPHVLJQZLWKQRPRUH WKDQIRXUVTXDUHIHHWRIVLJQDUHDRQHDFKRIWZRVLGHVPD\EHSODFHGRII VLWHRQSXEOLFSURSHUW\RQ6DWXUGD\VDQG6XQGD\VEHWZHHQWKHKRXUVRI
QRRQDQG
SPDQGDUHH[HPSWIURPGHVLJQUHYLHZSHUPLWV
6XFKVLJQVDUHQRWDOORZHGRQSXEOLFSURSHUW\RQVLWHRUHOVHZKHUHDWDQ\ RWKHUWLPH

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
) 67250:$7(5
*(1(5$/
D 'HVLJQ&RQVWUXFWLRQ2SHUDWLRQDQG0DLQWHQDQFH7KHSURMHFWVKDOOEH GHVLJQHGFRQVWUXFWHGRSHUDWHGDQGPDLQWDLQHGLQFRQIRUPDQFHZLWKWKH DWWDFKHG³6WRUPZDWHU3ROOXWLRQ3UHYHQWLRQDQG6RXUFH&RQWURO0HDVXUHV´

³6WRUPZDWHU0HDVXUHV´
DQGWKH&LW\¶V³6WRUPZDWHU*XLGHOLQHVIRU
*UHHQ'HQVH5HGHYHORSPHQW´
³6WRUPZDWHU*XLGHOLQHV´

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
35,2572,668$1&(2)$%8,/',1*3(50,7
D &RPSOLDQFHZLWK6WRUPZDWHU0HDVXUHV3ULRUWRWKHLVVXDQFHRID EXLOGLQJSHUPLWWKHDSSOLFDQWVKDOOVXEPLWSODQVDVSDUWRIWKHEXLOGLQJ SHUPLWSDFNDJHVKRZLQJKRZWKHSURMHFWFRPSOLHVZLWKWKHDWWDFKHG 6WRUPZDWHU0HDVXUHVLQSDUWLFXODUZLWKWKHSURYLVLRQ&UHTXLUHPHQWVRI WKH&LW\¶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
E 6LWH*UDGLQJDQG6WRUP'UDLQDJH3ULRUWRWKHLVVXDQFHRIDEXLOGLQJ SHUPLWWKH3XEOLF:RUNV'LUHFWRUVKDOOFRQILUPWKDWWKHEXLOGLQJSHUPLW SODQVVSHFLILFDWLRQVDQGLQIRUPDWLRQLQFOXGHGHWDLOHGVLWHGUDLQDJH JUDGLQJSODQVDQGK\GUDXOLFFDOFXODWLRQVLQFRQIRUPDQFHZLWKWKH&LW\=V

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
VWRUPZDWHUUXQRIIUHTXLUHPHQWVDQGVSHFLILFDWLRQV$OOUXQRIIIURPWKH VLWHVKDOOEHLQWHUFHSWHGDWWKHSURMHFWERXQGDU\DQGVKDOOEHFROOHFWHGDQG FRQGXFWHGYLDDQDSSURYHGGUDLQDJHV\VWHPWKURXJKWKHSURMHFWVLWHWRDQ DSSURYHGSXEOLFVWRUPGUDLQIDFLOLW\5RRIGUDLQDJHIURPWKHVWUXFWXUH VKDOOEHFROOHFWHGYLDDFORVHGSLSHIDFLOLW\WRDQDSSURYHGGUDLQDJH IDFLOLW\1RFRQFHQWUDWHGGUDLQDJHRIVXUIDFHIORZDFURVVVLGHZDONVVKDOO EHSHUPLWWHG*UDGLQJDQGGUDLQDJHSODQVVKDOOFRQIRUPWR6HFWLRQ$RI WKHDWWDFKHG6WRUPZDWHU0HDVXUHV>3XEOLF:RUNV@
F 6LWH3ODQ7KHVLWHSODQVKDOOFRQIRUPWR6HFWLRQ%RIWKHDWWDFKHG 6WRUPZDWHU0HDVXUHV>3XEOLF:RUNV@
G 2SHUDWLRQVDQG0DLQWHQDQFH$JUHHPHQW3ULRUWRWKHLVVXDQFHRID EXLOGLQJSHUPLW$SSOLFDQWVKDOOHQWHULQWRD6WRUPZDWHU7UHDWPHQW 0HDVXUHV2SHUDWLRQDQG0DLQWHQDQFH$JUHHPHQWZLWKWKH&LW\RI (PHU\YLOOHWRHQVXUHWKHIDLWKIXOSHUIRUPDQFHRIWKHGHVLJQFRQVWUXFWLRQ RSHUDWLRQDQGPDLQWHQDQFHRIWKHVWRUPZDWHUWUHDWPHQWV\VWHPV>&LW\ $WWRUQH\3XEOLF:RUNV@
'85,1*&216758&7,21$SSOLFDQWDQGFRQWUDFWRUVKDOOFRPSO\ZLWK 6HFWLRQ&RIWKHDWWDFKHG6WRUPZDWHU0HDVXUHV>3XEOLF:RUNV@ 35,25727+(,668$1&(2)&(57,),&$7(2)2&&83$1&< D &RPPLWPHQWWRWKH6WRUPZDWHU3ROOXWLRQ3UHYHQWLRQ3UDFWLFHV3ULRUWR WKHLVVXDQFHRIDFHUWLILFDWHRIRFFXSDQF\$SSOLFDQWVKDOOVXEPLWHYLGHQFH RIFRPPLWPHQWWRWKHVWRUPZDWHUSROOXWLRQSUHYHQWLRQSUDFWLFHVDV GHWDLOHGLQ6HFWLRQ'RIWKHDWWDFKHG6WRUPZDWHU0HDVXUHV>3XEOLF :RUNV@
E &RPSOHWLRQRI&RQVWUXFWLRQRI6WRUPZDWHU7UHDWPHQW6\VWHPV3ULRUWR LVVXDQFHRIDFHUWLILFDWHRIRFFXSDQF\WKH3XEOLF:RUNV'LUHFWRUVKDOO FRQILUPWKDWWKHVWRUPZDWHUWUHDWPHQWV\VWHPVDUHSURSHUO\LQVWDOOHGDQG IXQFWLRQLQJ>3XEOLF:RUNV@
F 21*2,1*7KHRZQHURSHUDWRURIWKHIDFLOLW\VKDOOSHUPLWLQSHUSHWXLW\DOORZ FLW\UHSUHVHQWDWLYHVWRHQWHUWKHSURSHUW\GXULQJDQGDIWHUFRQVWUXFWLRQLQRUGHUWR SHUIRUPSHULRGLFLQVSHFWLRQRIVWRUPZDWHUWUHDWPHQWIDFLOLWLHV

0DUNHWSODFH5HGHYHORSPHQW3URMHFW
38'
([KLELW$&RQGLWLRQVRI$SSURYDO
$XJXVW
3DJHRI
* )8785(/$1'86($33529$/352&('85(6
%86,1(66/,&(16(5(48,5(0(17/DQGXVHDSSURYDOVGRQRWDEURJDWHWKH &LW\¶VUHTXLUHPHQWIRUDQ\EXVLQHVVRSHUDWLQJZLWKLQWKH&LW\WRKDYHDEXVLQHVV WD[FHUWLILFDWH
³EXVLQHVVOLFHQVH´
QRUIRUDVSHFLILFRSHUDWRUWRREWDLQDFDEDUHW
RUGDQFHKDOOOLFHQVHLVVXHGWKURXJKWKH3ROLFHDQG)LQDQFH'HSDUWPHQWVDQG DSSURYHGE\WKH&LW\&RXQFLO
$&7,9,7,(62876,'(2)%8,/',1*1RVDOHVRIPHUFKDQGLVHRUVHUYLFHV QRUDQ\EXVLQHVVDFWLYLW\UHODWHGWRDQ\UHWDLORUFRPPHUFLDOVSDFHVKDOOWDNH SODFHRXWVLGHRIWKHEXLOGLQJRULQDQ\UHWDLONLRVNZLWKRXWSULRUDSSURYDORIWKH 'LUHFWRURI3ODQQLQJDQG%XLOGLQJ

Emeryville City CouncilOctober 4, 2022

Emeryville City Council
October 4, 2022