E
1RQIXHORSHUDWLRQDQGPDLQWHQDQFHFRVWV
F
5HSODFHPHQWFRVWVOHVVVDOYDJHFRVWVRIUHSODFHGEXLOGLQJV\VWHPV DQG
G
(QHUJ\DQGRUZDWHUFRVWV
/LIH&\FOH6DYLQJV±7KHVXPRIWKHHVWLPDWHGDQQXDOFRVWVDYLQJVRYHUWKH(8/RIWKHUHFRPPHQGHG(&0H[SUHVVHGLQ SUHVHQWYDOXHGROODUV
%XLOGLQJ6LWH(QHUJ\8VH,QWHQVLW\7KHVXPRIWKHWRWDOVLWHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVVEXLOGLQJDUHD 6LWHHQHUJ\DFFRXQWVIRUDOOHQHUJ\FRQVXPHGDWWKHEXLOGLQJORFDWLRQRQO\QRWWKHHQHUJ\FRQVXPHGGXULQJJHQHUDWLRQDQG WUDQVPLVVLRQRIWKHHQHUJ\WRWKHVLWH
%XLOGLQJ6RXUFH(QHUJ\8VH,QWHQVLW\±7KHVXPRIWKHWRWDOVRXUFHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVVEXLOGLQJ DUHD6RXUFHHQHUJ\LVWKHHQHUJ\FRQVXPHGGXULQJJHQHUDWLRQDQGWUDQVPLVVLRQLQVXSSO\LQJWKHHQHUJ\WR\RXUVLWH %XLOGLQJ&RVW,QWHQVLW\7KLVPHWULFLVWKHVXPRIDOOHQHUJ\XVHFRVWVLQGROODUVSHUXQLWRIJURVVEXLOGLQJDUHD *UHHQKRXVH *DV (PLVVLRQV $OWKRXJK WKHUH DUH QXPHURXV JDVHV WKDW DUH FODVVLILHG DV FRQWULEXWRUV WR WKH WRWDO IRU *UHHQKRXVH (PLVVLRQV WKH VFRSH RI WKLV HQHUJ\ DXGLW IRFXVHV RQ FDUERQ GLR[LGH &2
&DUERQ GLR[LGH HQWHUV WKH
DWPRVSKHUHWKURXJKWKHEXUQLQJRIIRVVLOIXHOV
RLOQDWXUDOJDVDQGFRDO
VROLGZDVWHWUHHVDQGZRRGSURGXFWVDQGDOVR
DVDUHVXOWRIRWKHUFKHPLFDOUHDFWLRQV
HJPDQXIDFWXUHRIFHPHQW
&LW\+DOO&RPSOH[3ROLFH/LEUDU\
DQG6RXWK*OHQGRUD$YHQXH
*OHQGRUD&DOLIRUQLD
prepare for
&LW\RI*OHQGRUD
(DVW)RRWKLOO%RXOHYDUG
*OHQGRUD&DOLIRUQLD
0LFKDHO6OHGG
35(3$5('%<
ureau eritas
Uni ersit oule ar Suite
llicott Cit ar lan
www us bureau eritas co
%9&217$&7
ar enable
Progra anager
ar enable bureau eritas co
%9352-(&7
'$7(2)5(3257
ebruar
216,7('$7(
ece ber
Bureau Veritas
8QLYHUVLW\%RXOHYDUG6XLWH_(OOLFRWW&LW\0DU\ODQG_ZZZXVEXUHDXYHULWDVFRP_S )$&,/,7<&21',7,21$66(660(17
(1(5*<$8',7
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7$%/(2)&217(176
([HFXWLYH6XPPDU\ &DPSXV2YHUYLHZDQG$VVHVVPHQW'HWDLOV &DPSXV)LQGLQJVDQG'HILFLHQFLHV )DFLOLW\&RQGLWLRQ,QGH[
)&,
,PPHGLDWH1HHGV .H\)LQGLQJV 3ODQ7\SHV &LW\/LEUDU\ 3ROLFH6WDWLRQ±,72IILFH6WRUDJH8QLW 3ROLFH6WDWLRQ±3ROLFH6WDWLRQ 3ROLFH6WDWLRQ±7UDIILF2IILFH 6LWH6XPPDU\ 3URSHUW\6SDFH8VHDQG2EVHUYHG$UHDV $'$$FFHVVLELOLW\
3XUSRVHDQG6FRSH 2SLQLRQVRI3UREDEOH&RVWV 'HILQLWLRQV 0HWKRGRORJ\ (QHUJ\$XGLW
+LVWRULFDO(QHUJ\DQG:DWHU3HUIRUPDQFH0HWULFV 8WLOLW\'DWD7DEXODWLRQ0HWKRGRORJ\ (OHFWULFLW\ 1DWXUDO*DV :DWHUDQG6HZHU (QG8VH(QHUJ\'LVWULEXWLRQ (QHUJ\6WDU3RUWIROLR0DQDJHU)DFLOLW\6XPPDU\ (QHUJ\&RQVHUYDWLRQ0HDVXUHV 2SHUDWLRQV 0DLQWHQDQFH3ODQ &HUWLILFDWLRQ $SSHQGLFHV )$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
([HFXWLYH6XPPDU\
&DPSXV2YHUYLHZDQG$VVHVVPHQW'HWDLOV
*HQHUDO,QIRUPDWLRQ
3URSHUW\7\SH /LEUDU\3ROLFH6WDWLRQ
1XPEHURI%XLOGLQJV )RXU
0DLQ$GGUHVV DQG6RXWK*OHQGRUD$YHQXH*OHQGRUD&DOLIRUQLD
6LWH'HYHORSHG &LW\/LEUDU\
3ROLFH6WDWLRQ±,72IILFH6WRUDJH8QLW
¶V
3ROLFH6WDWLRQ±3ROLFH6WDWLRQ
5HQRYDWHG
3ROLFH6WDWLRQ±7UDIILF2IILFH
¶V
&XUUHQW2FFXSDQWV &LW\RI*OHQGRUD
'DWH
V
RI9LVLW 'HFHPEHU
0DQDJHPHQW3RLQWRI&RQWDFW &LW\RI*OHQGRUD5\DQ+DFHFN\)DFLOLWLHV0DLQWHQDQFH6XSHUYLVRU
UKDFHFN\#FLW\RIJOHQGRUDRUJ
2QVLWH3RLQWRI&RQWDFW
32&
VDPHDVDERYH
$VVHVVPHQWDQG5HSRUW3UHSDUHG%\ &DUO$OHMDQGUR
5HYLHZHG%\ 8VDPD$QZDU
7HFKQLFDO5HSRUW5HYLHZHUIRU
0DU\9HQDEOH
3URJUDP0DQDJHU
PDU\YHQDEOH#EXUHDXYHULWDVFRP
[
$VVHW&DOF/LQN )XOOGDWDVHWIRUWKLVDVVHVVPHQWFDQEHIRXQGDW
KWWSV
ZZZDVVHWFDOFQHW
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
&DPSXV)LQGLQJVDQG'HILFLHQFLHV
+LVWRULFDO6XPPDU\
7KH&LW\+DOO&RPSOH[3ROLFH/LEUDU\SURSHUW\ZDVRULJLQDOO\FRQVWUXFWHGLQ 7KH7UDIILF2IILFHZDVLQVWDOOHGDWWKH
3ROLFH6WDWLRQLQWKH
¶V,QWKH
¶VWKH,72IILFH6WRUDJH8QLWZDVEXLOWDWWKH3ROLFH7KHUHLVFXUUHQWO\DQRQJRLQJ UHQRYDWLRQDWWKH3ROLFH6WDWLRQLQYROYLQJUHPRGHOLQJRQHRIWKHRIILFHVDQGUHSODFLQJDOORIWKHRIILFHIORRULQJ $UFKLWHFWXUDO
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
0HFKDQLFDO(OHFWULFDO3OXPELQJDQG)LUH
0(3)
7KH&LW\/LEUDU\DQG3ROLFH6WDWLRQ UXQRQ FHQWUDO+9$& V\VWHPV FRPSULVHGRIERLOHUVDQGFKLOOHUV0RVWRIWKH+9$& FRPSRQHQWVZHUH UHSODFHGLQDQGDSSHDUWREHDGHTXDWHO\PDLQWDLQHG7KHFHQWUDOV\VWHPVLQHDFKEXLOGLQJDUH FRQWUROOHGE\EXLOGLQJDXWRPDWHGV\VWHPV7KH,72IILFHDQG7UDIILF2IILFHDUHFRQGLWLRQHGE\LQGLYLGXDOVSOLWV\VWHPVWKDW DUHUHFRPPHQGHGIRUUHSODFHPHQWGXULQJWKHUHVHUYHWHUP 7KHHOHFWULFDOV\VWHPLVFRQWUROOHGE\VZLWFKERDUGVLQWKH&LW\/LEUDU\DQG3ROLFH6WDWLRQHOHFWULFDOURRPV7KHVZLWFKERDUG DW WKH 3ROLFH 6WDWLRQ LV RULJLQDO 7KH OLJKWLQJ ZDV XSJUDGHG ZLWK /(' IL[WXUHV WKURXJKRXW 7KHUH DUH WZR HPHUJHQF\ JHQHUDWRUVDWWKH&LW\/LEUDU\WKDWFDQSURYLGHSRZHUWRWKHOLEUDU\SROLFHVWDWLRQDQGFLW\KDOO7KHHOHYDWRUDWWKHOLEUDU\ ZDVUHSODFHGLQ
DQGLVLQJRRGFRQGLWLRQ
'RPHVWLFKRWZDWHULVSURYLGHGE\VWRUDJHWDQNZDWHUKHDWHUV7KHZDWHUKHDWHUVKDYHEHHQUHSODFHGZLWKLQWKHODVWRQHWR WZR\HDUV7\SLFDOFRPPHUFLDOSOXPELQJIL[WXUHVDUHXWLOL]HGLQWKHUHVWURRPV7KHUHDUHQRUHSRUWHGLVVXHVZLWKSOXPELQJ OHDNVRUZDWHUSUHVVXUHSUREOHPV
)LUH VXSSUHVVLRQ FRQVLVWV RIILUH H[WLQJXLVKHUV DQG QHDUE\ILUH K\GUDQWV$ VPDOO VHFWLRQ RIWKH &LW\ /LEUDU\ DOVR KDV D VSULQNOHUV\VWHP7KHUHLVRQHILUHDODUPFRQWUROSDQHOHDFKLQWKHOLEUDU\DQGSROLFHVWDWLRQ 6LWH
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¶VQHHGV
5HFRPPHQGHG$GGLWLRQDO6WXGLHV
1RDGGLWLRQDOVWXGLHVUHFRPPHQGHGDWWKLVWLPH
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
)DFLOLW\&RQGLWLRQ,QGH[
)&,
2QHRIWKHPDMRUJRDOVRIWKH)&$LVWRFDOFXODWHHDFKEXLOGLQJ¶V)DFLOLW\&RQGLWLRQ,QGH[ )&,
ZKLFKSURYLGHVDWKHRUHWLFDO
REMHFWLYHLQGLFDWLRQRIDEXLOGLQJ¶VRYHUDOOFRQGLWLRQ%\GHILQLWLRQWKH)&,LVGHILQHGDVWKHUDWLRRIWKHFRVWRIFXUUHQWQHHGV GLYLGHGE\FXUUHQWUHSODFHPHQWYDOXH
&59
RIWKHIDFLOLW\7KHFKDUWEHORZSUHVHQWVWKHLQGXVWU\VWDQGDUGUDQJHVDQGFXW RIISRLQWV
)&,5DQJHVDQG'HVFULSWLRQ
± ,QQHZRUZHOOPDLQWDLQHGFRQGLWLRQZLWKOLWWOHRUQRYLVXDOHYLGHQFHRIZHDURUGHILFLHQFLHV ± 6XEMHFWHGWRZHDUEXWLVVWLOOLQDVHUYLFHDEOHDQGIXQFWLRQLQJFRQGLWLRQ ± 6XEMHFWHGWRKDUGRUORQJWHUPZHDU1HDULQJWKHHQGRILWVXVHIXORUVHUYLFHDEOHOLIH DQGDERYH +DVUHDFKHGWKHHQGRILWVXVHIXORUVHUYLFHDEOHOLIH5HQHZDOLVQRZQHFHVVDU\ 7KHGHILFLHQFLHVDQGOLIHF\FOHQHHGVLGHQWLILHGLQWKLVDVVHVVPHQWSURYLGHWKHEDVLVIRUDSRUWIROLRZLGHFDSLWDOLPSURYHPHQW IXQGLQJVWUDWHJ\,QDGGLWLRQWRWKHFXUUHQW)&,H[WHQGHG)&,¶VKDYHEHHQGHYHORSHGWRSURYLGHRZQHUVWKHLQWHOOLJHQFH QHHGHGWRSODQDQGEXGJHWIRUWKH³NHHSXSFRVWV´IRUWKHLUIDFLOLWLHV$VVXFKWKH\HDU\HDUDQG\HDU)&,¶VDUH FDOFXODWHGE\GLYLGLQJWKHDQWLFLSDWHGQHHGVRIWKRVHUHVSHFWLYHWLPHSHULRGVE\FXUUHQWUHSODFHPHQWYDOXH$VDILQDOSRLQW WKH)&,¶VXOWLPDWHO\SURYLGHPRUHYDOXHZKHQXVHGWRUHODWLYHO\FRPSDUHIDFLOLWLHVDFURVVDSRUWIROLRLQVWHDGRIEHLQJRYHU DQDO\]HGDQGVFUXWLQL]HGDVVWDQGDORQHYDOXHV7KHWDEOHEHORZVXPPDUL]HVWKHLQGLYLGXDOILQGLQJVIRUWKLV)&$
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHYHUWLFDOEDUVEHORZUHSUHVHQWWKH\HDUE\\HDUQHHGVLGHQWLILHGIRUWKHVLWH7KHRUDQJHOLQHLQWKHJUDSKEHORZIRUHFDVWV ZKDWZRXOGKDSSHQWRWKH)&,
OHIW<D[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDOH[SHQGLWXUHVRYHUWKHQH[WWHQ\HDUV7KHGROODU DPRXQWVDOORFDWHGIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHYDOXHVDORQJWKHULJKW<D[LV 1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
,PPHGLDWH1HHGV
1RLPPHGLDWHQHHGVZHUHLGHQWLILHG
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
.H\)LQGLQJV
5RRI6WUXFWXUHLQ3RRUFRQGLWLRQ
)ODW&RQFUHWH%HDPV 'HFN
&LW\/LEUDU\&LW\+DOO&RPSOH[3ROLFH/LEUDU\
5RRI
8QLIRUPDW&RGH
%
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
5RRIOHDNVWKURXJKRXWWKHHQWLUHIODWFRQFUHWHURRI32&PHQWLRQHGWKDWWKHUHLVDQRQJRLQJVWUXFWXUDO DQDO\VLV7KLVLVDQHVWLPDWHGFRVWDOORZDQFHIRUUHSDLUVSHQGLQJVWXG\$VVHW&$/&,'
5RRILQJLQ3RRUFRQGLWLRQ
DQ\W\SH5HSDLUVSHU0DQ'D\
3ROLFH6WDWLRQ3ROLFH6WDWLRQ&LW\+DOO
&RPSOH[3ROLFH/LEUDU\5RRI
8QLIRUPDW&RGH
%
5HFRPPHQGDWLRQ
5HSDLULQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
6RIILWLVGURSSLQJGXHWRURRIOHDNV$VVHW&$/&,'
3DUNLQJ/RWVLQ3RRUFRQGLWLRQ
3DYHPHQW$VSKDOW
6LWH&LW\+DOO&RPSOH[3ROLFH/LEUDU\/LEUDU\
6LGH/RW
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
6HDO 6WULSHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
,VRODWHGDUHDVRIFUDFNLQJ$VVHW&$/&,'
3DUNLQJ/RWVLQ3RRUFRQGLWLRQ
3DYHPHQW&RQFUHWH
6LWH&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH
6WDWLRQ6LWH
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
&UDFN)LOO 6WULSHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
0LQRUFRQFUHWHSDYHPHQWFUDFNLQJLQUHDUORW$VVHW&$/&,'
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3DUNLQJ/RWVLQ3RRUFRQGLWLRQ
3DYHPHQW$VSKDOW
6LWH&LW\+DOO&RPSOH[3ROLFH/LEUDU\5HDU/RW
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
0LOO 2YHUOD\LQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
$OOLJDWRUFUDFNLQJWKURXJKRXW$VVHW&$/&,'
)ORRULQJLQ3RRUFRQGLWLRQ
&RQFUHWH
3ROLFH6WDWLRQ3ROLFH6WDWLRQ&LW\+DOO
&RPSOH[3ROLFH/LEUDU\%RLOHUURRP
8QLIRUPDW&RGH
&
5HFRPPHQGDWLRQ
5HSDLULQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
/HDNVWRIORRUEHORZ$VVHW&$/&,'
)ORRULQJLQ3RRUFRQGLWLRQ
9LQ\O7LOH
9&7
Z$VEHVWRV$EDWHPHQW
&LW\/LEUDU\&LW\+DOO&RPSOH[3ROLFH/LEUDU\
QG)ORRU6WDII5RRP
8QLIRUPDW&RGH
&
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
3RVVLEOHDVEHVWRV$VVHW&$/&,'
5HWDLQLQJ:DOOLQ3RRUFRQGLWLRQ
&RQFUHWH0DVRQU\8QLW
&08
6LWH&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH
6WDWLRQ6LWH
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
5HWURILW$GDSWDWLRQ
&RVW(VWLPDWH
,VRODWHGFUDFNLQJRQ&08ZDOO$VVHW&$/&,'
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3ODQ7\SHV
(DFKOLQHLWHPLQWKHFRVWGDWDEDVHLVDVVLJQHGD3ODQ7\SHZKLFKLVWKHSULPDU\UHDVRQRUUDWLRQDOHIRUWKHUHFRPPHQGHG UHSODFHPHQWUHSDLURURWKHUFRUUHFWLYHDFWLRQ7KLVLVWKH³ZK\´SDUWRIWKHHTXDWLRQ$FRVWRUOLQHLWHPPD\FRPPRQO\ KDYHPRUHWKDQRQHDSSOLFDEOH3ODQ7\SH
KRZHYHURQO\RQH3ODQ7\SHZLOOEHDVVLJQHGEDVHGRQWKH³EHVW´ILWW\SLFDOO\ WKHRQHZLWKWKHJUHDWHVWVLJQLILFDQFH
3ODQ7\SH'HVFULSWLRQV
6DIHW\ $QREVHUYHGRUUHSRUWHGXQVDIHFRQGLWLRQWKDWLIOHIWXQDGGUHVVHGFRXOGUHVXOWLQ LQMXU\
DV\VWHPRUFRPSRQHQWWKDWSUHVHQWVSRWHQWLDOOLDELOLW\ULVN 3HUIRUPDQFH,QWHJULW\ &RPSRQHQWRUV\VWHPKDVIDLOHGLVDOPRVWIDLOLQJSHUIRUPVXQUHOLDEO\GRHVQRW SHUIRUPDVLQWHQGHGDQGRUSRVHVULVNWRRYHUDOOV\VWHPVWDELOLW\ $FFHVVLELOLW\ 'RHVQRWPHHW$'$8)$6DQGRURWKHUKDQGLFDSDFFHVVLELOLW\UHTXLUHPHQWV (QYLURQPHQWDO ,PSURYHPHQWVWRDLURUZDWHUTXDOLW\LQFOXGLQJUHPRYDORIKD]DUGRXVPDWHULDOV IURPWKHEXLOGLQJRUVLWH
5HWURILW$GDSWDWLRQ &RPSRQHQWVV\VWHPVRUVSDFHVUHFRPPHQGHGIRUXSJUDGHVLQLQRUGHUWRPHHW FXUUHQWVWDQGDUGVIDFLOLW\XVDJHRUFOLHQWRFFXSDQWQHHGV /LIHF\FOH5HQHZDO $Q\FRPSRQHQWRUV\VWHPWKDWLVQRWFXUUHQWO\GHILFLHQWRUSUREOHPDWLFEXWIRUZKLFK IXWXUHUHSODFHPHQWRUUHSDLULVDQWLFLSDWHGDQGEXGJHWHG 3ODQ7\SH'LVWULEXWLRQ
E\&RVW
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
&LW\/LEUDU\
&LW\/LEUDU\
6\VWHPV6XPPDU\
$GGUHVV DQG6RXWK*OHQGRUD$YHQXH*OHQGRUD&DOLIRUQLD &RQVWUXFWHG5HQRYDWHG
%XLOGLQJ6L]H 6)
1XPEHURI6WRULHV 7ZR
S ste escription Con ition
6WUXFWXUH 0DVRQU\EHDULQJZDOOVDQGVWHHOIUDPHGDQGFRQFUHWHURRIV 3RRU )DoDGH ([SRVHGEULFNZLWKDOXPLQXPZLQGRZV )DLU
5RRI 3ULPDU\
)ODWFRQVWUXFWLRQZLWKFRQFUHWHILQLVK
6HFRQGDU\
+LSFRQVWUXFWLRQZLWKFOD\FRQFUHWHWLOHV
7HUWLDU\
)ODWFRQVWUXFWLRQZLWKVLQJOHSO\(3'0PHPEUDQH
3RRU
,QWHULRUV :DOOV
3DLQWHGJ\SVXPERDUGDQGEULFNFHUDPLFWLOH
)ORRUV
&DUSHW9&7FHUDPLFWLOH
&HLOLQJV
3DLQWHGJ\SVXPERDUG$&7
)DLU
(OHYDWRUV +\GUDXOLF
RQHFDUVHUYLQJDOOWZRIORRUV *RRG
3OXPELQJ &RSSHUVXSSO\DQGFDVWLURQZDVWH YHQWLQJ
*DVVWRUDJHWDQNZDWHUKHDWHUDQGHOHFWULFLQVWDQWKRW 7RLOHWVXULQDOVDQGVLQNVLQDOOUHVWURRPV
)DLU
+9$& &HQWUDOV\VWHPZLWKERLOHUVFKLOOHUVDLUKDQGOHUVDQGFRROLQJWRZHU ,QGLYLGXDOSDFNDJHGXQLWV
6XSSOHPHQWDOFRPSRQHQWV
GXFWOHVVVSOLWV\VWHPV
)DLU
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
&LW\/LEUDU\
6\VWHPV6XPPDU\
)LUH6XSSUHVVLRQ :HWSLSHVSULQNOHUV\VWHPIRUILYHSHUFHQWRIEXLOGLQJ K\GUDQWVILUH
H[WLQJXLVKHUV
)DLU
(OHFWULFDO 6RXUFHDQG'LVWULEXWLRQ
0DLQVZLWFKERDUGZLWKFRSSHUZLULQJ
,QWHULRU/LJKWLQJ
/('
(PHUJHQF\
'LHVHOJHQHUDWRUV
)DLU
)LUH$ODUP $ODUPSDQHOVPRNHGHWHFWRUVDODUPVVWUREHVSXOOVWDWLRQVEDFNXS HPHUJHQF\OLJKWVDQGH[LWVLJQV
)DLU
(TXLSPHQW6SHFLDO 1RQH
$FFHVVLELOLW\ 3UHVHQWO\LWGRHVQRWDSSHDUDQDFFHVVLELOLW\VWXG\LVQHHGHGIRUWKLVSURSHUW\ .H\,VVXHVDQG)LQGLQJV &RQFUHWHURRIVWUXFWXUDOLVVXHVDQGOHDNVSRWHQWLDODVEHVWRV9&7IORRULQJ &LW\/LEUDU\
6\VWHPV([SHQGLWXUH)RUHFDVW
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHRUDQJHOLQHLQWKHJUDSKEHORZIRUHFDVWVZKDWZRXOGKDSSHQWRWKH)&, OHIWD[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDO
H[SHQGLWXUHV7KHFDSLWDOH[SHQGLWXUHVIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHGROODUDPRXQWVDORQJWKHULJKW< D[LV
1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3ROLFH6WDWLRQ±,72IILFH6WRUDJH8QLW
3ROLFH6WDWLRQ±,72IILFH6WRUDJH8QLW
6\VWHPV6XPPDU\
$GGUHVV 6RXWK*OHQGRUD$YHQXH
*OHQGRUD&DOLIRUQLD
&RQVWUXFWHG5HQRYDWHG
¶V
%XLOGLQJ6L]H 6)
1XPEHURI6WRULHV 2QH
S ste escription Con ition
6WUXFWXUH 0DVRQU\EHDULQJZDOOVDQGVWHHOIUDPHGURRI *RRG )DoDGH ([SRVHGEULFNDQGVWXFFRZLWKDOXPLQXPZLQGRZV )DLU 5RRI )ODWFRQVWUXFWLRQZLWKVLQJOHSO\(3'0PHPEUDQH )DLU ,QWHULRUV :DOOV
3DLQWHGJ\SVXPERDUGEULFNDQG&08
)ORRUV
&DUSHW
&HLOLQJV
$&7
)DLU
(OHYDWRUV 1RQH
3OXPELQJ 1RQH
+9$& ,QGLYLGXDOVSOLWV\VWHP )DLU
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3ROLFH6WDWLRQ±,72IILFH6WRUDJH8QLW
6\VWHPV6XPPDU\
)LUH6XSSUHVVLRQ +\GUDQWVILUHH[WLQJXLVKHUV )DLU
(OHFWULFDO 6RXUFH 'LVWULEXWLRQ
)HGIURP3ROLFH6WDWLRQZLWKFRSSHUZLULQJ
,QWHULRU/LJKWLQJ
/('
(PHUJHQF\
'LHVHOJHQHUDWRUDW3ROLFH6WDWLRQ
)DLU
)LUH$ODUP $ODUPSDQHO
ORFDWHGLQ3ROLFH6WDWLRQ
VPRNHGHWHFWRUVDODUPVVWUREHV
SXOOVWDWLRQVEDFNXSHPHUJHQF\OLJKWVDQGH[LWVLJQV )DLU
(TXLSPHQW6SHFLDO 1RQH
$FFHVVLELOLW\ 3UHVHQWO\LWGRHVQRWDSSHDUDQDFFHVVLELOLW\VWXG\LVQHHGHGIRUWKLVSURSHUW\ .H\,VVXHVDQG)LQGLQJV 1RNH\LVVXHVREVHUYHG
3ROLFH6WDWLRQ±,72IILFH6WRUDJH8QLW
6\VWHPV([SHQGLWXUH)RUHFDVW
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHRUDQJHOLQHLQWKHJUDSKEHORZIRUHFDVWVZKDWZRXOGKDSSHQWRWKH)&, OHIWD[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDO
H[SHQGLWXUHV7KHFDSLWDOH[SHQGLWXUHVIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHGROODUDPRXQWVDORQJWKHULJKW< D[LV
1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3ROLFH6WDWLRQ±3ROLFH6WDWLRQ
3ROLFH6WDWLRQ±3ROLFH6WDWLRQ
6\VWHPV6XPPDU\
$GGUHVV DQG6RXWK*OHQGRUD$YHQXH
*OHQGRUD&DOLIRUQLD
&RQVWUXFWHG5HQRYDWHG
%XLOGLQJ6L]H 6)
1XPEHURI6WRULHV 2QHZLWKEDVHPHQW
S ste escription Con ition
6WUXFWXUH 0DVRQU\EHDULQJZDOOVDQGVWHHOIUDPHGURRI *RRG )DoDGH ([SRVHGEULFNZLWKDOXPLQXPZLQGRZV )DLU
5RRI 3ULPDU\
)ODWFRQVWUXFWLRQZLWKVLQJOHSO\(3'0PHPEUDQH
6HFRQGDU\
+LSFRQVWUXFWLRQZLWKFOD\FRQFUHWHWLOHV
)DLU
,QWHULRUV :DOOV
3DLQWHGJ\SVXPERDUGDQGEULFNFHUDPLFWLOHYLQ\O
)ORRUV
&DUSHW9&7FHUDPLFWLOHUXEEHUDQGTXDUU\WLOH
&HLOLQJV
$&7
)DLU
(OHYDWRUV :KHHOFKDLUOLIW )DLU
3OXPELQJ &RSSHUVXSSO\DQGFDVWLURQZDVWH YHQWLQJ
*DVVWRUDJHWDQNZDWHUKHDWHUV
7RLOHWVXULQDOVDQGVLQNVLQDOOUHVWURRPV
*RRG
+9$& &HQWUDOV\VWHPZLWKERLOHUVFKLOOHUVDLUKDQGOHUVDQGFRROLQJWRZHU ,QGLYLGXDOVSOLWV\VWHP
6XSSOHPHQWDOFRPSRQHQWV
GXFWOHVVVSOLWV\VWHPV
*RRG
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3ROLFH6WDWLRQ±3ROLFH6WDWLRQ
6\VWHPV6XPPDU\
)LUH6XSSUHVVLRQ +\GUDQWVILUHH[WLQJXLVKHUV )DLU
(OHFWULFDO 6RXUFH 'LVWULEXWLRQ
0DLQVZLWFKERDUGZLWKFRSSHUZLULQJ
,QWHULRU/LJKWLQJ
/('
(PHUJHQF\
'LHVHOJHQHUDWRU
)DLU
)LUH$ODUP $ODUPSDQHOVPRNHGHWHFWRUVDODUPVVWUREHVSXOOVWDWLRQVEDFNXS HPHUJHQF\OLJKWVDQGH[LWVLJQV
)DLU
(TXLSPHQW6SHFLDO &RPPHUFLDO.LWFKHQ(TXLSPHQW )DLU
$FFHVVLELOLW\ 3UHVHQWO\LWGRHVQRWDSSHDUDQDFFHVVLELOLW\VWXG\LVQHHGHGIRUWKLVSURSHUW\ .H\,VVXHVDQG)LQGLQJV %RLOHUURRPIORRUOHDNVURRIOHDNVDQGGDPDJHGVRIILW 3ROLFH6WDWLRQ±3ROLFH6WDWLRQ
6\VWHPV([SHQGLWXUH)RUHFDVW
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHRUDQJHOLQHLQWKHJUDSKEHORZIRUHFDVWVZKDWZRXOGKDSSHQWRWKH)&, OHIWD[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDO
H[SHQGLWXUHV7KHFDSLWDOH[SHQGLWXUHVIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHGROODUDPRXQWVDORQJWKHULJKW< D[LV
1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3ROLFH6WDWLRQ±7UDIILF2IILFH
3ROLFH6WDWLRQ±,72IILFH6WRUDJH8QLW
6\VWHPV6XPPDU\
$GGUHVV DQG6RXWK*OHQGRUD$YHQXH
*OHQGRUD&DOLIRUQLD
&RQVWUXFWHG5HQRYDWHG
¶V
%XLOGLQJ6L]H
6)
1XPEHURI6WRULHV 2QH
S ste escription Con ition
6WUXFWXUH 0DVRQU\EHDULQJZDOOVDQGVWHHOIUDPHGURRI *RRG )DoDGH ([SRVHGEULFNDQGVWXFFRZLWKDOXPLQXPZLQGRZV )DLU 5RRI )ODWFRQVWUXFWLRQZLWKVLQJOHSO\(3'0PHPEUDQH )DLU ,QWHULRUV :DOOV
3DLQWHGJ\SVXPERDUG
)ORRUV
0HWDOVKHHWLQJ
&HLOLQJV
$&7
)DLU
(OHYDWRUV 1RQH
3OXPELQJ 1RQH
+9$& ,QGLYLGXDOGXFWOHVVVSOLWV\VWHP )DLU
)LUH6XSSUHVVLRQ +\GUDQWVILUHH[WLQJXLVKHUV )DLU
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3ROLFH6WDWLRQ±,72IILFH6WRUDJH8QLW
6\VWHPV6XPPDU\
(OHFWULFDO 6RXUFH 'LVWULEXWLRQ
)HGIURP3ROLFH6WDWLRQZLWKFRSSHUZLULQJ
,QWHULRU/LJKWLQJ
/('
(PHUJHQF\
'LHVHOJHQHUDWRUDW3ROLFH6WDWLRQ
)DLU
)LUH$ODUP $ODUPSDQHO
ORFDWHGLQ3ROLFH6WDWLRQ
VPRNHGHWHFWRUVDODUPVVWUREHV
SXOOVWDWLRQVEDFNXSHPHUJHQF\OLJKWVDQGH[LWVLJQV )DLU
(TXLSPHQW6SHFLDO 1RQH
$FFHVVLELOLW\ 3UHVHQWO\LWGRHVQRWDSSHDUDQDFFHVVLELOLW\VWXG\LVQHHGHGIRUWKLVSURSHUW\ .H\,VVXHVDQG)LQGLQJV 1RNH\LVVXHVREVHUYHG
3ROLFH6WDWLRQ±,72IILFH6WRUDJH8QLW
6\VWHPV([SHQGLWXUH)RUHFDVW
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHRUDQJHOLQHLQWKHJUDSKEHORZIRUHFDVWVZKDWZRXOGKDSSHQWRWKH)&, OHIWD[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDO
H[SHQGLWXUHV7KHFDSLWDOH[SHQGLWXUHVIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHGROODUDPRXQWVDORQJWKHULJKW< D[LV
1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
6LWH6XPPDU\
6LWH,QIRUPDWLRQ
/RW6L]H DFUHV
HVWLPDWHG
3DUNLQJ6SDFHV WRWDOVSDFHVDOOLQRSHQORWV
IRXURIZKLFKDUHDFFHVVLEOH
S ste escription Con ition
3DYHPHQW)ODWZRUN $VSKDOWORWVZLWKDUHDVRIFRQFUHWHDQGFRQFUHWHVLGHZDONVFXUEVUDPSVDQG VWDLUV
3RRU
6LWH'HYHORSPHQW 3URSHUW\HQWUDQFHVLJQDJH
&08ZDOODQGPHWDOWXEHIHQFLQJ
)DLU
/DQGVFDSLQJDQG
7RSRJUDSK\
0RGHUDWHODQGVFDSLQJIHDWXUHV
,UULJDWLRQSUHVHQW
&08UHWDLQLQJZDOOV
/RZWRPRGHUDWHVLWHVORSHVWKURXJKRXW
)DLU
8WLOLWLHV 0XQLFLSDOZDWHUDQGVHZHU
/RFDOXWLOLW\SURYLGHGHOHFWULFDQGQDWXUDOJDV
*RRG
6LWH/LJKWLQJ 3ROHPRXQWHG
/('
%XLOGLQJPRXQWHG
/('
)DLU
$QFLOODU\6WUXFWXUHV &08GXPSVWHUHQFORVXUHZLWKURRI )DLU
$FFHVVLELOLW\ 3UHVHQWO\LWGRHVQRWDSSHDUDQDFFHVVLELOLW\VWXG\LVQHHGHGIRUWKHH[WHULRUVLWHDUHDV6HH $SSHQGL[&
.H\,VVXHVDQG
)LQGLQJV
$VSKDOWSDYHPHQWFUDFNLQJFRQFUHWHSDYHPHQWFUDFNLQJ&08UHWDLQLQJZDOOFUDFNLQJ )$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
6LWH
6\VWHPV([SHQGLWXUH)RUHFDVW
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3URSHUW\6SDFH8VHDQG2EVHUYHG$UHDV
$UHDV2EVHUYHG
7KHLQWHULRUVSDFHVZHUHREVHUYHGLQRUGHUWRJDLQDFOHDUXQGHUVWDQGLQJRIWKHSURSHUW\¶VRYHUDOOFRQGLWLRQ2WKHUDUHDV DFFHVVHGLQFOXGHGWKHVLWHZLWKLQWKHSURSHUW\ERXQGDULHVWKHH[WHULRURIWKHSURSHUW\DQGWKHURRIV .H\6SDFHV1RW2EVHUYHG
$OONH\DUHDVRIWKHSURSHUW\ZHUHDFFHVVLEOHDQGREVHUYHG
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$'$$FFHVVLELOLW\
*HQHUDOO\7LWOH,,RIWKH$PHULFDQVZLWK'LVDELOLWLHV$FW $'$
SURKLELWVGLVFULPLQDWLRQE\HQWLWLHVWRDFFHVVDQGXVHRI³DUHDV RISXEOLFDFFRPPRGDWLRQV´DQG³SXEOLFIDFLOLWLHV´RQWKHEDVLVRIGLVDELOLW\5HJDUGOHVVRIWKHLUDJHWKHVHDUHDVDQGIDFLOLWLHV PXVWEHPDLQWDLQHGDQGRSHUDWHGWRFRPSO\ZLWKWKH$PHULFDQVZLWK'LVDELOLWLHV$FW$FFHVVLELOLW\*XLGHOLQHV $'$$*
$SXEOLFHQWLW\
LHFLW\JRYHUQPHQWV
VKDOORSHUDWHHDFKVHUYLFHSURJUDPRUDFWLYLW\VRWKDWWKHVHUYLFHSURJUDPRUDFWLYLW\ ZKHQYLHZHGLQLWVHQWLUHW\LVUHDGLO\DFFHVVLEOHWRDQGXVDEOHE\LQGLYLGXDOVZLWKGLVDELOLWLHV +RZHYHUWKLVGRHVQRW
1HFHVVDULO\UHTXLUHDSXEOLFHQWLW\WRPDNHHDFKRILWVH[LVWLQJIDFLOLWLHVDFFHVVLEOHWRDQGXVDEOHE\LQGLYLGXDOVZLWK
GLVDELOLWLHV
5HTXLUHDSXEOLFHQWLW\WRWDNHDQ\DFWLRQWKDWZRXOGWKUHDWHQRUGHVWUR\WKHKLVWRULFVLJQLILFDQFHRIDQKLVWRULFSURSHUW\
RU
5HTXLUHDSXEOLFHQWLW\WRWDNHDQ\DFWLRQWKDWLWFDQGHPRQVWUDWHZRXOGUHVXOWLQDIXQGDPHQWDODOWHUDWLRQLQWKHQDWXUH RI D VHUYLFH SURJUDP RU DFWLYLW\ RU LQ XQGXH ILQDQFLDO DQG DGPLQLVWUDWLYH EXUGHQV ,Q WKRVH FLUFXPVWDQFHV ZKHUH SHUVRQQHORIWKHSXEOLFHQWLW\EHOLHYHWKDWWKHSURSRVHGDFWLRQZRXOGIXQGDPHQWDOO\DOWHUWKHVHUYLFHSURJUDPRUDFWLYLW\ RUZRXOGUHVXOWLQXQGXHILQDQFLDODQGDGPLQLVWUDWLYHEXUGHQVDSXEOLFHQWLW\KDVWKHEXUGHQRISURYLQJWKDWFRPSOLDQFH ZLWK
D
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
7KLVVXUYH\ZDVYLVXDOLQQDWXUHDQGDFWXDOPHDVXUHPHQWVZHUHQRWWDNHQWRYHULI\FRPSOLDQFH 2QO\DUHSUHVHQWDWLYHVDPSOHRIDUHDVZDVREVHUYHG
7ZRRYHUYLHZSKRWRVZHUHWDNHQIRUHDFKVXEVHFWLRQUHJDUGOHVVRISHUFHLYHGFRPSOLDQFHRUQRQFRPSOLDQFH ,WHPL]HGFRVWVIRULQGLYLGXDOQRQFRPSOLDQWLWHPVDUHQRWLQFOXGHGLQWKHGDWDVHW )RUDQ\³QRQH´ER[HVFKHFNHGRUUHIHUHQFHWR³QRLVVXHV´LGHQWLILHGWKDWDORQHGRHVQRWJXDUDQWHHIXOOFRPSOLDQFH 7KHIDFLOLW\ ZDV RULJLQDOO\ FRQVWUXFWHG LQ
7KHIDFLOLW\ LV FXUUHQWO\ XQGHUJRLQJ D UHQRYDWLRQ DQG VRPH DFFHVVLELOLW\ LPSURYHPHQWVDSSHDUWRKDYHEHHQLPSOHPHQWHG
'XULQJWKHLQWHUYLHZSURFHVVZLWKWKHFOLHQWUHSUHVHQWDWLYHVQRFRPSODLQWVRUSHQGLQJOLWLJDWLRQDVVRFLDWHGZLWKSRWHQWLDO DFFHVVLELOLW\LVVXHVZHUHUHSRUWHG
$SULRUDFFHVVLELOLW\VXUYH\ZDVSHUIRUPHGLQWKHSDVW)URP%9¶VSHUVSHFWLYHDQGOLPLWHGDQDO\VLVRIWKHGRFXPHQWVSURYLGHG LQFRQMXQFWLRQZLWKRXURZQVLWHYLVLWLWDSSHDUVWKDWWKHUHFRPPHQGDWLRQVIURPWKDWVWXG\KDYHEHHQDGGUHVVHGLQIXOO$ OLQH LWHP E\ OLQH LWHP FRPSDULVRQ EHWZHHQ WKH SULRU VWXG\ DQG %9¶V UHFHQW REVHUYDWLRQV DUH EH\RQG WKH VFRSH RI WKLV DVVHVVPHQW 5HIHUHQFH WKH DSSHQGL[ IRU VSHFLILF GDWD SKRWRV DQG WDEOHV RU FKHFNOLVWV DVVRFLDWHG ZLWK WKLV OLPLWHG DFFHVVLELOLW\VXUYH\
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3XUSRVHDQG6FRSH
3XUSRVH
%XUHDX9HULWDVZDVUHWDLQHGE\WKHFOLHQWWRUHQGHUDQRSLQLRQDVWRWKH3URSHUW\¶VFXUUHQWJHQHUDOSK\VLFDOFRQGLWLRQRQWKH GD\RIWKHVLWHYLVLW
%DVHG RQ WKH REVHUYDWLRQV LQWHUYLHZV DQG GRFXPHQW UHYLHZ RXWOLQHG EHORZ WKLV UHSRUW LGHQWLILHV VLJQLILFDQW GHIHUUHG PDLQWHQDQFHLVVXHVH[LVWLQJGHILFLHQFLHVDQGPDWHULDOFRGHYLRODWLRQVRIUHFRUGZKLFKDIIHFWWKH3URSHUW\¶VXVH2SLQLRQV DUHUHQGHUHGDVWRLWVVWUXFWXUDOLQWHJULW\EXLOGLQJV\VWHPFRQGLWLRQDQGWKH3URSHUW\¶VRYHUDOOFRQGLWLRQ7KHUHSRUWDOVR QRWHVEXLOGLQJV\VWHPVRUFRPSRQHQWVWKDWKDYHUHDOL]HGRUH[FHHGHGWKHLUW\SLFDOH[SHFWHGXVHIXOOLYHV 7KHSK\VLFDOFRQGLWLRQRIEXLOGLQJV\VWHPVDQGUHODWHGFRPSRQHQWVDUHW\SLFDOO\GHILQHGDVEHLQJLQRQHRIILYHFRQGLWLRQ UDWLQJV)RUWKHSXUSRVHVRIWKLVUHSRUWWKHIROORZLQJGHILQLWLRQVDUHXVHG
&RQGLWLRQ5DWLQJV
([FHOOHQW 1HZRUYHU\FORVHWRQHZ
FRPSRQHQWRUV\VWHPW\SLFDOO\KDVEHHQLQVWDOOHGZLWKLQWKHSDVW \HDUVRXQGDQGSHUIRUPLQJLWVIXQFWLRQ(YHQWXDOUHSDLURUUHSODFHPHQWZLOOEHUHTXLUHGZKHQ WKHFRPSRQHQWRUV\VWHPHLWKHUUHDFKHVWKHHQGRILWVXVHIXOOLIHRUIDLOVLQVHUYLFH *RRG 6DWLVIDFWRU\DVLV&RPSRQHQWRUV\VWHPLVVRXQGDQGSHUIRUPLQJLWVIXQFWLRQW\SLFDOO\ZLWKLQ WKHILUVWWKLUGRILWVOLIHF\FOH+RZHYHULWPD\VKRZPLQRUVLJQVRIQRUPDOZHDUDQGWHDU5HSDLU RUUHSODFHPHQWZLOOEHUHTXLUHGZKHQWKHFRPSRQHQWRUV\VWHPHLWKHUUHDFKHVWKHHQGRILWV XVHIXOOLIHRUIDLOVLQVHUYLFH
)DLU 6KRZLQJ VLJQV RI ZHDU DQG XVH EXW VWLOO VDWLVIDFWRU\ DVLVW\SLFDOO\ QHDUWKHPHGLDQ RI LWV HVWLPDWHGXVHIXOOLIH7KHFRPSRQHQWRUV\VWHPLVSHUIRUPLQJDGHTXDWHO\DWWKLVWLPHEXWPD\ H[KLELWVRPHVLJQVRIZHDUGHIHUUHGPDLQWHQDQFHRUHYLGHQFHRISUHYLRXVUHSDLUV5HSDLURU UHSODFHPHQWZLOOEHUHTXLUHGGXHWRWKHFRPSRQHQWRUV\VWHP¶VFRQGLWLRQDQGRULWVHVWLPDWHG UHPDLQLQJXVHIXOOLIH
3RRU &RPSRQHQW RU V\VWHP LV VLJQLILFDQWO\ DJHGIODZHGIXQFWLRQLQJLQWHUPLWWHQWO\ RU XQUHOLDEO\
GLVSOD\V REYLRXV VLJQV RI GHIHUUHG PDLQWHQDQFH
VKRZV HYLGHQFH RI SUHYLRXV UHSDLU RU
ZRUNPDQVKLSQRWLQFRPSOLDQFHZLWKFRPPRQO\DFFHSWHGVWDQGDUGV KDVEHFRPHREVROHWH
RU H[KLELWV DQ LQKHUHQW GHILFLHQF\7KH SUHVHQW FRQGLWLRQ FRXOG FRQWULEXWHWR RU FDXVHWKH GHWHULRUDWLRQ RI FRQWLJXRXV HOHPHQWV RU V\VWHPV (LWKHU IXOO FRPSRQHQW UHSODFHPHQW LV QHHGHGRUUHSDLUVDUHUHTXLUHGWRUHVWRUHWRJRRGFRQGLWLRQSUHYHQWSUHPDWXUHIDLOXUHDQGRU SURORQJXVHIXOOLIH
)DLOHG &RPSRQHQW RU V\VWHP KDV FHDVHG IXQFWLRQLQJ RU SHUIRUPLQJ DV LQWHQGHG 5HSODFHPHQW UHSDLURURWKHUVLJQLILFDQWFRUUHFWLYHDFWLRQLVUHFRPPHQGHGRUUHTXLUHG 1RW$SSOLFDEOH $VVLJQLQJDFRQGLWLRQGRHVQRWDSSO\RUPDNHORJLFDOVHQVHPRVWFRPPRQO\GXHWRWKHLWHP LQTXHVWLRQQRWEHLQJSUHVHQW
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
6FRSH
7KHVWDQGDUGVFRSHRIWKH)DFLOLW\&RQGLWLRQ$VVHVVPHQWLQFOXGHVWKHIROORZLQJ
9LVLWWKH3URSHUW\WRHYDOXDWHWKHJHQHUDOFRQGLWLRQRIWKHEXLOGLQJDQGVLWHLPSURYHPHQWVUHYLHZDYDLODEOHFRQVWUXFWLRQ GRFXPHQWVLQRUGHUWRIDPLOLDUL]HRXUVHOYHVZLWKDQGEHDEOHWRFRPPHQWRQWKHLQSODFHFRQVWUXFWLRQV\VWHPVOLIHVDIHW\ PHFKDQLFDOHOHFWULFDODQGSOXPELQJV\VWHPVDQGWKHJHQHUDOEXLOWHQYLURQPHQW ,GHQWLI\WKRVH FRPSRQHQWVWKDW DUH H[KLELWLQJ GHIHUUHGPDLQWHQDQFH LVVXHV DQG SURYLGH FRVW HVWLPDWHVIRU,PPHGLDWH &RVWVDQG5HSODFHPHQW5HVHUYHVEDVHGRQREVHUYHGFRQGLWLRQVPDLQWHQDQFHKLVWRU\DQGLQGXVWU\VWDQGDUGXVHIXOOLIH HVWLPDWHV7KLVZLOOLQFOXGHWKHUHYLHZRIGRFXPHQWHGFDSLWDOLPSURYHPHQWVFRPSOHWHGZLWKLQWKHODVWILYH\HDUSHULRG DQGZRUNFXUUHQWO\FRQWUDFWHGIRULIDSSOLFDEOH
3URYLGHDIXOOGHVFULSWLRQRIWKH3URSHUW\ZLWKGHVFULSWLRQVRILQSODFHV\VWHPVDQGFRPPHQWDU\RQREVHUYHGFRQGLWLRQV 3URYLGHDKLJKOHYHOFDWHJRULFDOJHQHUDOVWDWHPHQWUHJDUGLQJWKHVXEMHFW3URSHUW\¶VFRPSOLDQFHWR7LWOH,,,RIWKH$PHULFDQV ZLWK'LVDELOLWLHV$FW7KLVZLOOQRWFRQVWLWXWHDIXOO$'$VXUYH\EXWZLOOKHOSLGHQWLI\H[SRVXUHWRLVVXHVDQGWKHQHHGIRU IXUWKHUUHYLHZ
2EWDLQEDFNJURXQGDQGKLVWRULFDOLQIRUPDWLRQDERXWWKHIDFLOLW\IURPDEXLOGLQJHQJLQHHUSURSHUW\PDQDJHUPDLQWHQDQFH VWDIIRURWKHUNQRZOHGJHDEOHVRXUFH7KHSUHIHUUHGPHWKRGRORJ\LVWRKDYHWKHFOLHQWUHSUHVHQWDWLYHRUEXLOGLQJRFFXSDQW FRPSOHWHD3UH6XUYH\4XHVWLRQQDLUH
364
LQDGYDQFHRIWKHVLWHYLVLW&RPPRQDOWHUQDWLYHVLQFOXGHDYHUEDOLQWHUYLHZ MXVWSULRUWRRUGXULQJWKHZDONWKURXJKSRUWLRQRIWKHDVVHVVPHQW 5HYLHZPDLQWHQDQFHUHFRUGVDQGSURFHGXUHVZLWKWKHLQSODFHPDLQWHQDQFHSHUVRQQHO 2EVHUYHDUHSUHVHQWDWLYHVDPSOHRIWKHLQWHULRUVSDFHVXQLWVLQFOXGLQJYDFDQWVSDFHVXQLWVWRJDLQDFOHDUXQGHUVWDQGLQJ RIWKHSURSHUW\¶VRYHUDOOFRQGLWLRQ2WKHUDUHDVWREHREVHUYHGLQFOXGHWKHH[WHULRURIWKHSURSHUW\WKH URRIVLQWHULRU FRPPRQDUHDVDQGWKHVLJQLILFDQWPHFKDQLFDOHOHFWULFDODQGHOHYDWRUHTXLSPHQWURRPV 3URYLGHUHFRPPHQGDWLRQVIRUDGGLWLRQDOVWXGLHVLIUHTXLUHGZLWKUHODWHGEXGJHWDU\LQIRUPDWLRQ 3URYLGH DQ ([HFXWLYH 6XPPDU\ DW WKH EHJLQQLQJ RI WKLV UHSRUW ZKLFK KLJKOLJKWV NH\ ILQGLQJV DQG LQFOXGHV D )DFLOLW\ &RQGLWLRQ,QGH[DVDEDVLVIRUFRPSDULQJWKHUHODWLYHFRQGLWLRQVRIWKHEXLOGLQJVZLWKLQWKHSRUWIROLR )$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
2SLQLRQVRI3UREDEOH&RVWV
&RVWHVWLPDWHVDUHDWWDFKHGWKURXJKRXWWKLVUHSRUWZLWKWKH5HSODFHPHQW5HVHUYHVLQWKHDSSHQGL[ 7KHVH HVWLPDWHV DUH EDVHG RQ,QYRLFH RU %LG 'RFXPHQWV SURYLGHG HLWKHU E\WKH 2ZQHUIDFLOLW\ DQG FRQVWUXFWLRQ FRVWV GHYHORSHG E\ FRQVWUXFWLRQ UHVRXUFHV VXFK DV S eans C itestone DQG ars all Swift %XUHDX 9HULWDV¶V H[SHULHQFHZLWKSDVWFRVWVIRUVLPLODUSURSHUWLHVFLW\FRVWLQGH[HVDQGDVVXPSWLRQVUHJDUGLQJIXWXUHHFRQRPLFFRQGLWLRQV 2SLQLRQVRISUREDEOHFRVWVVKRXOGRQO\EHFRQVWUXHGDVSUHOLPLQDU\RUGHURIPDJQLWXGHEXGJHWV$FWXDOFRVWVPRVWSUREDEO\ ZLOO YDU\IURPWKH FRQVXOWDQW¶V RSLQLRQVRI SUREDEOH FRVWVGHSHQGLQJ RQ VXFKPDWWHUVDVW\SH DQG GHVLJQ RI VXJJHVWHG UHPHG\ TXDOLW\ RI PDWHULDOV DQG LQVWDOODWLRQ PDQXIDFWXUHU DQG W\SH RI HTXLSPHQW RU V\VWHP VHOHFWHG ILHOG FRQGLWLRQV ZKHWKHUDSK\VLFDOGHILFLHQF\LVUHSDLUHGRUUHSODFHGLQZKROHSKDVLQJRUEXQGOLQJRIWKHZRUN LIDSSOLFDEOH
TXDOLW\RI
FRQWUDFWRUTXDOLW\RISURMHFWPDQDJHPHQWH[HUFLVHGPDUNHWFRQGLWLRQVXVHRIVXEFRQWUDFWRUVDQGZKHWKHUFRPSHWLWLYH SULFLQJLVVROLFLWHGHWF&HUWDLQRSLQLRQVRISUREDEOHFRVWVFDQQRWEHGHYHORSHGZLWKLQWKHVFRSHRIWKLVJXLGHZLWKRXWIXUWKHU VWXG\2SLQLRQVRISUREDEOHFRVWIRUIXUWKHUVWXG\VKRXOGEHLQFOXGHGLQWKH)&$ 'HILQLWLRQV
,PPHGLDWH1HHGV
,PPHGLDWH 1HHGV DUH OLQH LWHPV WKDW UHTXLUH LPPHGLDWH DFWLRQ DV D UHVXOW RI
PDWHULDO H[LVWLQJ RU SRWHQWLDO XQVDIH
FRQGLWLRQV
IDLOHGRULPPLQHQWIDLOXUHRIPLVVLRQFULWLFDOEXLOGLQJV\VWHPVRUFRPSRQHQWVRU
FRQGLWLRQVWKDWLIQRW
DGGUHVVHGKDYHWKHSRWHQWLDOWRUHVXOWLQRUFRQWULEXWHWRFULWLFDOHOHPHQWRUV\VWHPIDLOXUHZLWKLQRQH\HDURUZLOOPRVW SUREDEO\UHVXOWLQDVLJQLILFDQWHVFDODWLRQRILWVUHPHGLDOFRVW )RU GDWDEDVH DQG UHSRUWLQJ SXUSRVHV WKH OLQH LWHPV ZLWK 58/ DQG FRPPRQO\ DVVRFLDWHG ZLWK Safet RU Perfor ance ntegrit 3ODQ7\SHVDUHFRQVLGHUHG,PPHGLDWH1HHGV
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
5HSODFHPHQW5HVHUYHV
&RVWOLQHLWHPVWUDGLWLRQDOO\FDOOHG5HSODFHPHQW5HVHUYHV HTXLYDOHQWO\UHIHUUHGWRDV/LIHF\FOH5HQHZDOV
DUHIRUUHFXUULQJ
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
5HSODFHPHQW FRVWV DUH VROLFLWHG IURP RZQHUVKLSSURSHUW\ PDQDJHPHQW %XUHDX 9HULWDV¶V GLVFXVVLRQV ZLWK VHUYLFH FRPSDQLHVPDQXIDFWXUHUV
UHSUHVHQWDWLYHVDQGSUHYLRXVH[SHULHQFHLQSUHSDULQJVXFKVFKHGXOHVIRURWKHUVLPLODUIDFLOLWLHV &RVWVIRUZRUNSHUIRUPHGE\WKHRZQHUVKLS¶VRUSURSHUW\PDQDJHPHQW¶VPDLQWHQDQFHVWDIIDUHDOVRFRQVLGHUHG %XUHDX9HULWDV¶VUHVHUYHPHWKRGRORJ\LQYROYHVLGHQWLILFDWLRQDQGTXDQWLILFDWLRQRIWKRVHV\VWHPVRUFRPSRQHQWVUHTXLULQJ FDSLWDOUHVHUYHIXQGVZLWKLQWKHDVVHVVPHQWSHULRG7KHDVVHVVPHQWSHULRGLVGHILQHGDVWKHHIIHFWLYHDJHSOXVWKHUHVHUYH WHUP$GGLWLRQDOLQIRUPDWLRQFRQFHUQLQJV\VWHP¶VRUFRPSRQHQW¶VUHVSHFWLYHUHSODFHPHQWFRVWV LQWRGD\
VGROODUV
W\SLFDO
H[SHFWHG XVHIXO OLYHV DQG UHPDLQLQJ XVHIXO OLYHV ZHUH HVWLPDWHG VR WKDW D IXQGLQJ VFKHGXOH FRXOG EH SUHSDUHG 7KH 5HSODFHPHQW 5HVHUYHV 6FKHGXOH SUHVXSSRVHV WKDW DOO UHTXLUHG UHPHGLDO ZRUN KDV EHHQ SHUIRUPHG RU WKDW PRQLHV IRU UHPHGLDWLRQKDYHEHHQEXGJHWHGIRULWHPVGHILQHGDV,PPHGLDWH1HHGV )RUWKHSXUSRVHVRIµEXFNHWL]LQJ¶WKH6\VWHP([SHQGLWXUH)RUHFDVWVLQWKLVUHSRUWWKH5HSODFHPHQW5HVHUYHVKDYHEHHQ VXEGLYLGHGDQGJURXSHGDVIROORZV
6KRUW7HUP
\HDUV
1HDU7HUP
\HDUV
0HGLXP7HUP
\HDUV
DQG/RQJ
7HUP
\HDUV
.H\)LQGLQJV
,QDQHIIRUWWRKLJKOLJKWWKHPRVWVLJQLILFDQWFRVWLWHPVDQGQRWEHRYHUZKHOPHGE\WKH5HSODFHPHQW5HVHUYHVUHSRUWLQLWV WRWDOLW\DVXEVHFWLRQRI.H\)LQGLQJVLVLQFOXGHGZLWKLQWKH([HFXWLYH6XPPDU\VHFWLRQRIWKLVUHSRUW.H\)LQGLQJVW\SLFDOO\ LQFOXGHUHSDLUVRUUHSODFHPHQWVRIGHILFLHQWLWHPVZLWKLQWKHILUVWILYH\HDUZLQGRZDVZHOODVWKHPRVWVLJQLILFDQWKLJKGROODU OLQHLWHPVWKDWIDOODQ\ZKHUHZLWKLQWKHWHQ\HDUWHUP1RWHWKDWZKLOHWKHUHLVVRPHVXEMHFWLYLW\DVVRFLDWHGZLWKLGHQWLI\LQJ WKH.H\)LQGLQJVWKH,PPHGLDWH1HHGVDUHDOZD\VLQFOXGHGDVDVXEVHW ([FHHGLQJO\$JHG
$IDLUO\ FRPPRQ VFHQDULR HQFRXQWHUHG GXULQJWKH DVVHVVPHQW SURFHVV DQG DIUHTXHQW VRXUFH RI GHEDWH RFFXUVZKHQ FODVVLI\LQJDQGGHVFULELQJ³YHU\ROG´V\VWHPVRUFRPSRQHQWVWKDWDUHVWLOOIXQFWLRQLQJDGHTXDWHO\DQGGRQRWDSSHDUQRU ZHUHUHSRUWHGWREHLQDQ\ZD\GHILFLHQW7RKHOSSURYLGHVRPHDGGLWLRQDOLQWHOOLJHQFHRQWKHVHLWHPVVXFKFRPSRQHQWV ZLOOEHWDJJHGLQWKHGDWDEDVHDV([FHHGLQJO\$JHG7KLVGHVLJQDWLRQZLOOEHUHVHUYHGIRUPHFKDQLFDORUHOHFWULFDOV\VWHPV RUFRPSRQHQWVWKDWKDYHDJHGZHOOEH\RQGWKHLULQGXVWU\VWDQGDUGOLIHF\FOHVW\SLFDOO\DWOHDVW\HDUVEH\RQGDQGRUWZLFH WKHLU(VWLPDWHG8VHIXO/LIH
(8/
,QWDQGHPZLWKWKLVGHVLJQDWLRQWKHVHLWHPVZLOOEHDVVLJQHGD5HPDLQLQJ8VHIXO/LIH
58/
QRWOHVVWKDQWZR\HDUVEXWQRWJUHDWHUWKDQRIWKHLUVWDQGDUG(8/$VVXFKWKHUHFRPPHQGHGUHSODFHPHQWWLPH IRUWKHVHFRPSRQHQWVZLOOUHVLGHRXWVLGHWKHW\SLFDO6KRUW7HUPZLQGRZEXWZLOOQRWEHSXVKHGµLUUHVSRQVLEO\¶ WRRIDU
LQWR
WKHIXWXUH
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
0HWKRGRORJ\
%DVHG XSRQ VLWH REVHUYDWLRQV UHVHDUFK DQG MXGJPHQW DORQJ ZLWK UHIHUHQFLQJ([SHFWHG 8VHIXO /LIH (8/
WDEOHVIURP
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
RIDFRPSRQHQW
RUV\VWHPHTXDOVWKH(8/OHVVLWVeffecti e ageZKHWKHUH[SOLFLWO\RULPSOLFLWO\VWDWHG3URMHFWLRQVRI5HPDLQLQJ8VHIXO/LIH
58/
DUHEDVHGSULPDULO\RQDJHDQGFRQGLWLRQZLWKWKHSUHVXPSWLRQRIFRQWLQXHGXVHDQGPDLQWHQDQFHRIWKH3URSHUW\ VLPLODUWRWKHREVHUYHGDQGUHSRUWHGSDVWXVHDQGPDLQWHQDQFHSUDFWLFHVLQFRQMXQFWLRQZLWKWKHSURIHVVLRQDOMXGJPHQWRI %XUHDX9HULWDV¶VDVVHVVRUV6LJQLILFDQWFKDQJHVLQRFFXSDQWVDQGRUXVDJHPD\DIIHFWWKHVHUYLFHOLIHRIVRPHV\VWHPVRU FRPSRQHQWV
:KHUHTXDQWLWLHVFRXOGQRWEHRUZHUHQRWGHULYHGIURPDQDFWXDOFRQVWUXFWLRQGRFXPHQWWDNHRIIRUIDFLOLW\ZDONWKURXJK DQGRUZKHUHV\VWHPLFFRVWVDUHPRUHDSSOLFDEOHRUSURYLGHPRUHLQWULQVLFYDOXHEXGJHWDU\VTXDUHIRRWDQGJURVVVTXDUH IRRWFRVWVDUHXVHG(VWLPDWHGFRVWVDUHEDVHGRQSURIHVVLRQDOMXGJPHQWDQGWKHSUREDEOHRUDFWXDOH[WHQWRIWKHREVHUYHG GHIHFWLQFOXVLYHRIWKHFRVWWRGHVLJQSURFXUHFRQVWUXFWDQGPDQDJHWKHFRUUHFWLRQV )$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(QHUJ\$XGLW
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
LH%RLOHUV0DNH8S$LU8QLWV':+HTXLSPHQW
UHYLHZOLJKWLQJV\VWHPVERWKH[WHULRUDQGLQWHULRU
DQGUHYLHZ
HIILFLHQF\RIDOOVXFKHTXLSPHQW7KHVWXG\DOVRLQFOXGHGLQWHUYLHZVDQGFRQVXOWDWLRQZLWKRSHUDWLRQDODQGPDLQWHQDQFH SHUVRQQHO7KHIROORZLQJLVDVXPPDU\RIWKHWDVNVDQGUHSRUWLQJWKDWPDNHXSWKH(QHUJ\$XGLWSRUWLRQRIWKHUHSRUW 7KHIROORZLQJLVDVXPPDU\RIWKHWDVNVDQGUHSRUWLQJWKDWPDNHXSWKH(QHUJ\$XGLWSRUWLRQRIWKHUHSRUW (QHUJ\DQG:DWHU8VLQJ(TXLSPHQW
%XUHDX9HULWDVKDVVXUYH\HGWKHFRPPRQDUHDVRIILFHVPDLQWHQDQFHIDFLOLWLHVDQGPHFKDQLFDOURRPVWRGRFXPHQWXWLOLW\ UHODWHGHTXLSPHQWLQFOXGLQJKHDWLQJV\VWHPVFRROLQJV\VWHPVDLUKDQGOLQJV\VWHPVDQGOLJKWLQJV\VWHPV %XLOGLQJ(QYHORSH
%XUHDX9HULWDVKDVUHYLHZHGWKHFKDUDFWHULVWLFVDQGFRQGLWLRQVRIWKHEXLOGLQJHQYHORSHFKHFNLQJLQVXODWLRQYDOXHVDQG FRQGLWLRQV7KLVUHYLHZDOVRLQFOXGHVDQLQVSHFWLRQRIWKHFRQGLWLRQRIZDOOVZLQGRZVGRRUVURRIDUHDVLQVXODWLRQDQG VSHFLDOXVHDUHDV:KHUHZHDQWLFLSDWHGVLJQLILFDQWORVVHVZHXWLOL]HGLQIUDUHGWKHUPRJUDSKVWRDQDO\]HKHDWORVVDFURVV WKHHQYHORSH
5HFRPPHQGDWLRQVIRU(QHUJ\6DYLQJV2SSRUWXQLWLHV
%DVHGRQWKHLQIRUPDWLRQJDWKHUHGGXULQJWKHRQVLWHDVVHVVPHQWWKHXWLOLW\UDWHVDVZHOODVUHFHQWFRQVXPSWLRQGDWD DQGHQJLQHHULQJDQDO\VLV%XUHDX9HULWDVKDVLGHQWLILHGRSSRUWXQLWLHVWRVDYHHQHUJ\DQGSURYLGHSUREDEOHFRQVWUXFWLRQ FRVWVSURMHFWHGHQHUJ\XWLOLW\VDYLQJVDQGSURYLGHDVLPSOHSD\EDFNDQDO\VLV $QDO\VLVRI(QHUJ\&RQVXPSWLRQ
%DVHGRQWKHLQIRUPDWLRQJDWKHUHGGXULQJWKHRQVLWHDVVHVVPHQWDQGD%XUHDX9HULWDVKDVFRQGXFWHGDQDQDO\VLVRI WKHHQHUJ\XVDJHRIDOOHTXLSPHQWDQGLGHQWLILHGZKLFKHTXLSPHQWLVXVLQJWKHPRVWHQHUJ\DQGZKDWHTXLSPHQWXSJUDGHV PD\EHQHFHVVDU\$VDUHVXOWHTXLSPHQWXSJUDGHVRUUHSODFHPHQWVDUHLGHQWLILHGWKDWPD\SURYLGHDUHDVRQDEOHUHWXUQ RQWKHLQYHVWPHQWDQGLPSURYHPDLQWHQDQFHUHOLDELOLW\
(QHUJ\$XGLW3URFHVV
,QWHUYLHZLQJVWDIIDQGUHYLHZSODQVDQGSDVWXSJUDGHV 3HUIRUPLQJDQHQHUJ\DXGLWIRUHDFKXVHW\SH
3HUIRUPLQJDSUHOLPLQDU\HYDOXDWLRQRIWKHXWLOLW\V\VWHP $QDO\]LQJILQGLQJVXWLOL]LQJ(&0FRVWEHQHILWZRUNVKHHWV 0DNLQJSUHOLPLQDU\UHFRPPHQGDWLRQVIRUV\VWHPHQHUJ\LPSURYHPHQWVDQGPHDVXUHV (VWLPDWLQJLQLWLDOFRVWDQGFKDQJHVLQRSHUDWLQJDQGPDLQWHQDQFHFRVWVEDVHGRQLPSOHPHQWDWLRQRIHQHUJ\HIILFLHQF\ PHDVXUHV
5DQNLQJUHFRPPHQGHGFRVWPHDVXUHVEDVHGRQWKHFULWLFDOLW\RIWKHSURMHFWDQGWKHODUJHVWSD\EDFN )$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
+LVWRULFDO(QHUJ\DQG:DWHU3HUIRUPDQFH0HWULFV
8WLOLW\'DWD7DEXODWLRQ0HWKRGRORJ\
7KHEDVHOLQHXWLOLW\FRQVXPSWLRQGDWDIRUWKHSURSHUKDVEHHQGHYHORSHGE\DJJUHJDWLQJWKHFRQVXPSWLRQIURPWZR HOHFWULFPHWHUVWZRJDVPHWHUVDQGWZRZDWHUPHWHUV 'DWD/LPLWDWLRQ
1RDVVXPSWLRQVZHUHPDGHLQWDEXODWLRQRIWKHXWLOLW\GDWDIRUWKHSXUSRVHVRIWKHDXGLW 7KHFRVWDVVRFLDWHGZLWKWKHXWLOLW\FRQVXPSWLRQDWWKHEXLOGLQJZDVQRWPDGHDYDLODEOHWR%XUHDX9HULWDVDWWKHWLPHRI UHSRUWFRPSLODWLRQ$VDUHVXOW%XUHDX9HULWDVKDVPRGHOHGWKHDSSUR[LPDWHUDWHEDVHGRQWKHXWLOLW\FRPSDQ\SXEOLVKHG WDULIIIRUFRPPHUFLDOLQVWLWXWLRQV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWDIURPWKHFOLHQW 8WLOLWLHV0HWHULQJDW*ODQFH
1XPEHURIHOHFWULFPHWHUVREVHUYHG 7ZR
1XPEHURIJDVPHWHUVREVHUYHG 7ZR
1XPEHURIGRPHVWLFZDWHUPHWHUREVHUYHG 7ZR
$YHUDJH8WLOLW\5DWHV
(OHFWULFLW\ 1DWXUDO*DV :DWHU 6HZHU
N:K WKHUP &&)
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(OHFWULFLW\
1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHKRXVLQJDXWKRULW\DWWKHWLPHRIUHSRUWFRPSLODWLRQ$VD UHVXOW%XUHDX9HULWDVKDVXVHGWKHHOHFWULFUDWHIURPRWKHUSURSHUWLHVZLWKLQWKHVDPHJHRJUDSKLFDOUHJLRQKDYLQJVLPLODU FRQVWUXFWLRQOD\RXWDQGXVDJHSDWWHUQV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWDIURPWKH KRXVLQJDXWKRULW\
1DWXUDO*DV
1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHKRXVLQJDXWKRULW\DWWKHWLPHRIUHSRUWFRPSLODWLRQ$VD UHVXOW%XUHDX9HULWDVKDVXVHGWKHQDWXUDOJDVUDWHIURPRWKHUSURSHUWLHVZLWKLQWKHVDPHJHRJUDSKLFDOUHJLRQKDYLQJ VLPLODUFRQVWUXFWLRQOD\RXWDQGXVDJHSDWWHUQV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWDIURPWKH KRXVLQJDXWKRULW\
:DWHUDQG6HZHU
7KH&LW\RI*OHQGRUDVDWLVILHVWKHZDWHUDQGVHZHUUHTXLUHPHQWVRIWKHIDFLOLW\ 1RWH
1RZDWHUDQGVHZHUXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHFOLHQWDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VD UHVXOW%XUHDX9HULWDVKDVXVHGDUDWHIURPRWKHUSURSHUWLHVZLWKLQWKHVDPHJHRJUDSKLFDOUHJLRQKDYLQJVLPLODUFRQVWUXFWLRQ OD\RXWDQGXVDJHSDWWHUQV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWD (QG8VH(QHUJ\'LVWULEXWLRQ
1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHFOLHQWDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VDUHVXOW%XUHDX 9HULWDVZLOOFRPSOHWHHQGXVHHQHUJ\GLVWULEXWLRQRQUHFHLSWRIWKHDFWXDOGDWDIURPWKHFOLHQW (QHUJ\6WDU3RUWIROLR0DQDJHU)DFLOLW\6XPPDU\
%XUHDX9HULWDVXVHVWKH3RUWIROLR0DQDJHUWRROGHYHORSHGE\WKH)HGHUDO(QYLURQPHQWDO3URWHFWLRQ$JHQF\WRWUDFN UHODWLYHHQHUJ\XVHVRIEXLOGLQJVE\SURSHUW\W\SH7KLVWRRODOORZVWKHLQSXWRIDIDFLOLW\¶VKLVWRULFXWLOLW\GDWDWREH FRPSDUHGZLWKQRUPDOL]HGGDWDRIDODUJHGDWDEDVHRILWVSHHUIDFLOLWLHV 1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHFOLHQWDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VDUHVXOW%XUHDX 9HULWDVZLOOFRPSOHWHHQHUJ\EHQFKPDUNLQJRQUHFHLSWRIWKHDFWXDOGDWDIURPWKHFOLHQW )$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(QHUJ\&RQVHUYDWLRQ0HDVXUHV
%XUHDX9HULWDVKDVFRQGXFWHGDQ(QHUJ\$XGLWRQ&LW\+DOO&RPSOH[3ROLFH/LEUDU\7KHVWXG\LQFOXGHGD UHYLHZRIWKH EXLOGLQJ¶VFRQVWUXFWLRQIHDWXUHVKLVWRULFDOHQHUJ\DQGZDWHUFRQVXPSWLRQDQGFRVWVUHYLHZRIWKHEXLOGLQJHQYHORSH+9$& HTXLSPHQWKHDWGLVWULEXWLRQV\VWHPVOLJKWLQJDQGWKHEXLOGLQJ¶VRSHUDWLRQDODQGPDLQWHQDQFHSUDFWLFHV %XUHDX9HULWDVKDVHYDOXDWHGHLJKW(QHUJ\&RQVHUYDWLRQ0HDVXUHV (&0V
IRUWKLVSURSHUW\7KHVDYLQJVIRUHDFKPHDVXUH
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
5HFRPPHQGHG1RQ5HQHZDEOH(QHUJ\&RQVHUYDWLRQ0HDVXUHV
)LQDQFLDO,PSDFW
7RWDO3URMHFWHG,QLWLDO(&0,QYHVWPHQW
n Current ollars
(VWLPDWHG$QQXDO&RVW6DYLQJV5HODWHGWR(&0V n Current ollars
1HW(IIHFWLYH(&03D\EDFN \HDUV
.H\0HWULFVWR%HQFKPDUNWKH6XEMHFW3URSHUW\¶V(QHUJ\8VDJH3URILOH %XLOGLQJ6LWH(QHUJ\8VH,QWHQVLW\7KHVXPRIWKHWRWDOVLWHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVVEXLOGLQJ DUHD 6LWH HQHUJ\ DFFRXQWV IRU DOO HQHUJ\ FRQVXPHG DW WKH EXLOGLQJ ORFDWLRQ RQO\ QRW WKH HQHUJ\ FRQVXPHG GXULQJ JHQHUDWLRQDQGWUDQVPLVVLRQRIWKHHQHUJ\WRWKHVLWH %XLOGLQJ6RXUFH(QHUJ\8VH,QWHQVLW\±7KHVXPRIWKHWRWDOVRXUFHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVV EXLOGLQJDUHD6RXUFHHQHUJ\LVWKHHQHUJ\FRQVXPHGGXULQJJHQHUDWLRQDQGWUDQVPLVVLRQLQVXSSO\LQJWKHHQHUJ\WR\RXU VLWH
%XLOGLQJ&RVW,QWHQVLW\7KLVPHWULFLVWKHVXPRIDOOHQHUJ\XVHFRVWVLQGROODUVSHUXQLWRIJURVVEXLOGLQJDUHD *UHHQKRXVH *DV (PLVVLRQV $OWKRXJK WKHUH DUH QXPHURXV JDVHV WKDW DUH FODVVLILHG DV FRQWULEXWRUV WR WKH WRWDO IRU *UHHQKRXVH (PLVVLRQV WKH VFRSH RI WKLV HQHUJ\ DXGLW IRFXVHV RQ FDUERQ GLR[LGH &2
&DUERQ GLR[LGH HQWHUV WKH
DWPRVSKHUHWKURXJKWKHEXUQLQJRIIRVVLOIXHOV
RLOQDWXUDOJDVDQGFRDO
VROLGZDVWHWUHHVDQGZRRGSURGXFWVDQGDOVR
DVDUHVXOWRIRWKHUFKHPLFDOUHDFWLRQV
HJPDQXIDFWXUHRIFHPHQW
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(QHUJ\&RQVHUYDWLRQ0HDVXUHV6FUHHQLQJ
%XUHDX9HULWDVVFUHHQV(&0VXVLQJWZRILQDQFLDOPHWKRGRORJLHV(&0VZKLFKDUHFRQVLGHUHGILQDQFLDOO\YLDEOHPXVW PHHWERWKFULWHULD
6LPSOH3D\EDFN3HULRG±7KHQXPEHURI\HDUVUHTXLUHGIRUWKHFXPXODWLYHYDOXHRIHQHUJ\RUZDWHUFRVWVDYLQJVOHVV IXWXUHQRQIXHORUQRQZDWHUFRVWVWRHTXDOWKHLQYHVWPHQWFRVWVRIWKHEXLOGLQJHQHUJ\RUZDWHUV\VWHPZLWKRXW FRQVLGHUDWLRQRIGLVFRXQWUDWHV(&0VZLWKDSD\EDFNSHULRGJUHDWHUWKDQWKH([SHFWHG8VHIXO/LIH (8/
RIWKHSURMHFW
DUHQRWW\SLFDOO\UHFRPPHQGHGDVWKHFRVWRIWKHSURMHFWZLOOQRWEHUHFRYHUHGGXULQJWKHOLIHVSDQRIWKHHTXLSPHQW 7KHVH(&0VDUHUHFRPPHQGHGIRULPSOHPHQWDWLRQGXULQJIXWXUHV\VWHPUHSODFHPHQW$WWKDWWLPHUHSODFHPHQWPD\EH HYDOXDWHGEDVHGRQWKHSUHPLXPFRVWRILQVWDOOLQJHQHUJ\HIILFLHQWHTXLSPHQW ൌ ܾܽܿ݇ݕܲܽ ݈݁ܵ݅݉
ݐݏܥ ݈݅ܽݐ݊݅ܫ
ݏ݅݊݃ݒܵܽ ݈ܽݑ݊݊ܣ
6DYLQJVWR,QYHVWPHQW5DWLR
6,5
±7KHVDYLQJVWRLQYHVWPHQWUDWLRLVWKHUDWLRRIWKHSUHVHQWYDOXHVDYLQJVWRWKH SUHVHQWYDOXHFRVWVRIDQHQHUJ\RUZDWHUFRQVHUYDWLRQPHDVXUH7KHQXPHUDWRURIWKHUDWLRLVWKHSUHVHQWYDOXHRYHUWKH HVWLPDWHGXVHIXOOLIH
(8/
RIQHWVDYLQJVLQHQHUJ\RUZDWHUDQGQRQIXHORUQRQZDWHURSHUDWLRQDQGPDLQWHQDQFHFRVWV DWWULEXWDEOHWRWKHSURSRVHGHQHUJ\RUZDWHUFRQVHUYDWLRQPHDVXUH7KHGHQRPLQDWRURIWKHUDWLRLVWKHSUHVHQWYDOXHRI WKHQHWLQFUHDVHLQLQYHVWPHQWDQGUHSODFHPHQWFRVWVOHVVVDOYDJHYDOXHDWWULEXWDEOHWRWKHSURSRVHGHQHUJ\RUZDWHU FRQVHUYDWLRQPHDVXUH,WLVUHFRPPHQGHGWKDWHQHUJ\HIILFLHQF\UHFRPPHQGDWLRQVVKRXOGEHEDVHGRQDFDOFXODWHG6,5 ZLWKODUJHU6,5VUHFHLYLQJDKLJKHUSULRULW\$SURMHFWLVW\SLFDOO\RQO\UHFRPPHQGHGLI6,5LVJUHDWHUWKDQRUHTXDOWR XQOHVVRWKHUIDFWRUVRXWZHLJKWKHILQDQFLDOEHQHILW
ሻܮܷܧ ݅%, ,ݏ݅݊݃ݒܵܽ ݈ܽݑ݊݊ܣሺ ݁ݑܸ݈ܽ ݐ݁݊ݏ݁ݎܲ ൌ ܴܫܵ
ݐݏܥ ݈݅ܽݐ݊݅ܫ
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
%XUHDX9HULWDVKDVLGHQWLILHGHLJKW(QHUJ\&RQVHUYDWLRQ0HDVXUHV (&0V
IRUWKLVSURSHUW\
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
2SHUDWLRQV 0DLQWHQDQFH3ODQ
7KHTXDOLW\RIWKHPDLQWHQDQFHDQGWKHRSHUDWLRQRIWKHIDFLOLW\¶VHQHUJ\V\VWHPVKDYHDGLUHFWHIIHFWRQLWVRYHUDOOHQHUJ\HIILFLHQF\ (QHUJ\HIILFLHQF\QHHGVWREHDFRQVLGHUDWLRQZKHQLPSOHPHQWLQJIDFLOLW\PRGLILFDWLRQVHTXLSPHQWUHSODFHPHQWVDQGJHQHUDO FRUUHFWLYHDFWLRQV7KHIROORZLQJLVDOLVWRIDFWLYLWLHVWKDWVKRXOGEHSHUIRUPHGDVSDUWRIWKHURXWLQHPDLQWHQDQFHSURJUDPIRUWKH SURSHUW\
%XLOGLQJ(QYHORSH
3(QVXUHWKDWWKHEXLOGLQJHQYHORSHKDVSURSHUFDXONLQJDQGZHDWKHUVWULSSLQJ 33DWFKKROHVLQWKHEXLOGLQJHQYHORSHZLWKIRDPLQVXODWLRQDQGILUHUDWHGFDXONDURXQGFRPEXVWLRQYHQWV 3,QVSHFWEXLOGLQJYHQWVVHPLDQQXDOO\IRUELUGLQIHVWDWLRQ 3,QVSHFWZLQGRZVPRQWKO\IRUGDPDJHGSDQHVDQGIDLOHGWKHUPDOVHDOV 35HSDLUDQGDGMXVWDXWRPDWLFGRRUFORVLQJPHFKDQLVPVDVQHHGHG +HDWLQJDQG&RROLQJ
33LORWOLJKWVRQIXUQDFHVDQGERLOHUVEHWXUQHGRIILQVXPPHU 3
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µDHURVHDO¶ 3(QVXUHXVHRIHFRQRPL]HUPRGHLVIXQFWLRQDODQGXVHG 3(QVXUHWKDWWKHRXWVLGHDLUGDPSHUVDFWXDWRUVDUHRSHUDWLQJFRUUHFWO\ 3(QVXUHDLUFRLOVLQWKH$+8DQG)&$
VDUHSUHVVXUHZDVKHGDQQXDOO\
35HWXUQYHQWVVKRXOGUHPDLQXQREVWUXFWHGDQGEHORFDWHGFHQWUDOO\ 37HPSHUDWXUHVHWWLQJVUHGXFHGLQXQRFFXSLHGDUHDVDQGVHWSRLQWVVHDVRQDOO\DGMXVWHG 3(YDSRUDWRUFRLOVDQGFRQGHQVHUFRLOVVKRXOGEHUHJXODUO\FOHDQHGWRLPSURYHKHDWWUDQVIHU 35HIULJHUDQWSLSHVVKRXOGEHLQVXODWHGZLWKDPLQLPXPRIô´WKLFN(ODVWRPHULF5XEEHU3LSH,QVXODWLRQ 3(QVXUHUHIULJHUDQWSUHVVXUHLVPDLQWDLQHGLQWKHFRQGHQVHUV 3
&KDQJHDLUILOWHUVRQUHWXUQYHQWVVHDVRQDOO\8VHRQO\ILOWHUVZLWKµ0LQLPXP(IILFLHQF\5DWLQJ 9DOXH¶
0(59
RI
&HQWUDO'RPHVWLF+RW:DWHU
+HDWHU
31HYHUSODFHJDVILUHGZDWHUKHDWHUVDGMDFHQWWRUHWXUQYHQWVVRDVWRSUHYHQWIODPHUROORXWV 3(QVXUHWKHFLUFXODWLRQV\VWHPLVRQWLPHUWRUHGXFHWKHORVVHVWKURXJKUHFLUFXODWLRQ 3(QVXUHDOOKRWZDWHUSLSHVDUHLQVXODWHGZLWKILEHUJODVVLQVXODWLRQDWDOOWLPHV 35HSODFHPHQWZDWHUKHDWHUVKRXOGKDYH(QHUJ\)DFWRU ()
!
37DQNW\SHZDWHUKHDWHUVIOXVKHGPRQWKO\
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
/LJKWLQJ,PSURYHPHQWV
38WLOL]HELOHYHOOLJKWLQJFRQWUROVLQVWDLUZHOOVDQGKDOOZD\V 38VH/('UHSODFHPHQWODPSV
3&OHDQOLJKWLQJIL[WXUHUHIOHFWLYHVXUIDFHVDQGWUDQVOXFHQWFRYHUV 3(QVXUHWKDWWLPHUVDQGRUSKRWRFHOOVDUHRSHUDWLQJFRUUHFWO\RQH[WHULRUOLJKWLQJ 38VHRFFXSDQF\VHQVRUVIRURIILFHVDQGRWKHUURRPVZLWKLQIUHTXHQWRFFXSDQF\ ([LVWLQJ(TXLSPHQWDQG5HSODFHPHQWV
3(QVXUHWKDWUHIULJHUDWRUDQGIUHH]HUGRRUVFORVHDQGVHDOFRUUHFWO\ 3(QVXUHNLWFKHQDQGEDWKURRPH[KDXVWRXWVLGHWKHEXLOGLQJDQGWKHLQWHUQDOGDPSHURSHUDWHVSURSHUO\ 3(QVXUHWKDWEDWKURRPYHQWVH[KDXVWRXW
32IILFHFRPSXWHUHTXLSPHQWHLWKHULQWKH³VOHHS´RU³RII´PRGHZKHQQRWXVHG
Key
2 Maintenance Measure is Not Applicable For the Given Facility 3 Maintenance Measure is Applicable For the Given Facility
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
&HUWLILFDWLRQ
7KH&LW\RI*OHQGRUD
WKH&OLHQW
UHWDLQHG%XUHDX9HULWDVWRSHUIRUPWKLV)DFLOLW\&RQGLWLRQ$VVHVVPHQWLQFRQQHFWLRQZLWK LWVFRQWLQXHGRSHUDWLRQRI&LW\+DOO&RPSOH[3ROLFH/LEUDU\ 6RXWK*OHQGRUD$YHQXH*OHQGRUD&DOLIRUQLD
WKH³3URSHUW\´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¶VZDON WKURXJKREVHUYDWLRQVGXULQJWKHVLWHYLVLWDQGRXUH[SHULHQFHZLWKVLPLODUSURSHUWLHV 1RWHVWLQJH[SORUDWRU\SURELQJGLVPDQWOLQJRURSHUDWLQJRIHTXLSPHQWRULQGHSWKVWXGLHVZHUHSHUIRUPHGXQOHVVVSHFLILFDOO\ UHTXLUHGXQGHUWKHPurpose an ScopeVHFWLRQRIWKLVUHSRUW7KLVDVVHVVPHQWGLGQRWLQFOXGHHQJLQHHULQJFDOFXODWLRQVWR GHWHUPLQHWKHDGHTXDF\RIWKH3URSHUW\¶VRULJLQDOGHVLJQRUH[LVWLQJV\VWHPV$OWKRXJKZDONWKURXJKREVHUYDWLRQVZHUH SHUIRUPHGQRWDOODUHDVPD\KDYHEHHQREVHUYHG
VHH6HFWLRQIRUVSHFLILFGHWDLOV
7KHUHPD\EHGHIHFWVLQWKH3URSHUW\
ZKLFKZHUHLQDUHDVQRWREVHUYHGRUUHDGLO\DFFHVVLEOHPD\QRWKDYHEHHQYLVLEOHRUZHUHQRWGLVFORVHGE\PDQDJHPHQW SHUVRQQHOZKHQTXHVWLRQHG7KHUHSRUWGHVFULEHVSURSHUW\FRQGLWLRQVDWWKHWLPHWKDWWKHREVHUYDWLRQVDQGUHVHDUFKZHUH FRQGXFWHG
7KLVUHSRUWKDVEHHQSUHSDUHGIRUDQGLVH[FOXVLYHO\IRUWKHXVHDQGEHQHILWRIWKH&OLHQWLGHQWLILHGRQWKHFRYHUSDJHRIWKLV UHSRUW7KHSXUSRVHIRUZKLFKWKLVUHSRUWVKDOOEHXVHGVKDOOEHOLPLWHGWRWKHXVHDVVWDWHGLQWKHFRQWUDFWEHWZHHQWKHFOLHQW DQG%XUHDX9HULWDV
7KLVUHSRUWRUDQ\RIWKHLQIRUPDWLRQFRQWDLQHGWKHUHLQLVQRWIRUWKHXVHRUEHQHILWRIQRUPD\LWEHUHOLHGXSRQE\DQ\ RWKHUSHUVRQRUHQWLW\IRUDQ\SXUSRVHZLWKRXWWKHDGYDQFHZULWWHQFRQVHQWRI%XUHDX9HULWDV$Q\UHXVHRUGLVWULEXWLRQ ZLWKRXWVXFKFRQVHQWVKDOOEHDWWKHFOLHQW
VRUUHFLSLHQW
VVROHULVNZLWKRXWOLDELOLW\WR%XUHDX9HULWDV
3UHSDUHGE\
&DUO$OHMDQGUR
3URMHFW0DQDJHU
5HYLHZHGE\
8VDPD$QZDU
7HFKQLFDO5HSRUW5HYLHZHUIRU
0DU\9HQDEOH
3URJUDP0DQDJHU
PDU\YHQDEOH#EXUHDXYHULWDVFRP
[
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGLFHV
$SSHQGL[$
3KRWRJUDSKLF5HFRUG
$SSHQGL[%
6LWH3ODQ
$SSHQGL[&
3UH6XUYH\4XHVWLRQQDLUH
$SSHQGL['
$FFHVVLELOLW\5HYLHZDQG3KRWRV
$SSHQGL[(
&RPSRQHQW&RQGLWLRQ5HSRUW
$SSHQGL[)
5HSODFHPHQW5HVHUYHV
$SSHQGL[*
(TXLSPHQW,QYHQWRU\/LVW
$SSHQGL[+
(QHUJ\&RQVHUYDWLRQ0HDVXUHV&DOFXODWLRQV
$SSHQGL[,
/LJKWLQJ6\VWHP6FKHGXOH
$SSHQGL[-
(QHUJ\$XGLW*ORVVDU\RI7HUPV
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP _S
$SSHQGL[$
3KRWRJUDSKLF5HFRUG
&,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP _S
&,7</,%5$5<)5217(/(9$7,21 &,7</,%5$5</()7(/(9$7,21 &,7</,%5$5<5($5(/(9$7,21 &,7</,%5$5<5,*+7(/(9$7,21 ,72)),&(6725$*(81,7)5217(/(9$7,21 32/,&(67$7,21)5217(/(9$7,21 &,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP _S
32/,&(67$7,21/()7(/(9$7,21 32/,&(67$7,215($5(/(9$7,21
32/,&(67$7,215,*+7(/(9$7,21 75$)),&2)),&()5217(/(9$7,21 ± )/$7(3'0522),1* &/$<6+,1*/(6/23('522),1* &,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP _S
&,7</,%5$5<5(&(37,21$5($ &,7</,%5$5<,17(5,2529(59,(:
&,7</,%5$5<&20387(5$5($ &,7</,%5$5<35(6(17$7,21+$// &,7</,%5$5<5(&5($7,215220 32/,&(67$7,215(&(37,21$5($ &,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP _S
32/,&(67$7,21),71(66&(17(5 9(57,&$/&219(<$1&(:+((/&+$,5/,)7 6725$*(7$1.:$7(5+($7(5 +9$&*$6),5('%2,/(5 :$7(5&22/('&+,//(56<67(0 %8,/',1*+9$&&22/,1*72:(5 &,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP _S
522)02817('3$&.$*('81,7 +9$&$,5+$1'/,1*81,7 '8&7/(6663/,76<67(081,7 0$,1%8,/',1*(/(&75,&$/6:,7&+%2$5'
%8,/',1*',(6(/(0(5*(1&<*(1(5$725 67(3'2:16(&21'$5<75$16)250(5 &,7<+$//&203/(;32/,&(/,%5$5< %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP _S
),5($/$50&21752/3$1(/ 3$5.,1*/27
&21&5(7(3$9('3$7,2$5($ 6,7(&08'80367(5(1&/2685( $8720$7,&*$7(:,7+&21752//(5 6,7(32/(/,*+7),;785( )$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[%
6LWH3ODQ
6LWH3ODQ
3URMHFW1XPEHU 3URMHFW1DPH
5
&LW\+DOO&RPSOH[3ROLFH/LEUDU\
6RXUFH 2Q6LWH'DWH
*RRJOH 'HFHPEHU
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[&
3UH6XUYH\4XHVWLRQQDLUH
%XLOGLQJ)DFLOLW\1DPH
&LW\+DOO&RPSOH[3ROLFH/LEUDU\
1DPHRISHUVRQFRPSOHWLQJIRUP
5\DQ+DFHFN\
7LWOH$VVRFLDWLRQZSURSHUW\
)DFLOLWLHV0DLQWHQDQFH6XSHUYLVRU
/HQJWKRIWLPHDVVRFLDWHGZSURSHUW\
\HDUV
'DWH&RPSOHWHG
3KRQH1XPEHU
<HDU
V
FRQVWUXFWHG
%XLOGLQJVL]HLQ6)
0DMRU5HQRYDWLRQ5HKDELOLWDWLRQ
%RLOHUDQGFKLOOHUUHSODFHPHQWV3ROLFHVWDWLRQLQWHULRUUHQRYDWLRQ 2QJRLQJ6WUXFWXUDODQDO\VLVLQOLEUDU\+DOIRIWKHEXLOGLQJOHDNV %9)$&,/,7<&21',7,21$66(660(17
35(6859(<48(67,211$,5(
'LUHFWLRQV
3OHDVHDQVZHUDOOTXHVWLRQVWRWKHEHVWRI\RXUNQRZOHGJHDQGLQJRRGIDLWK3OHDVHSURYLGHDGGLWLRQDOGHWDLOVLQWKH &RPPHQWVFROXPQRUEDFNXSGRFXPHQWDWLRQIRUDQ\<HVUHVSRQVHV 'DWD2YHUYLHZ
/LVWRWKHUVLJQLILFDQWFDSLWDO
LPSURYHPHQWV
IRFXVRQUHFHQW\HDUV
SURYLGHDSSUR[LPDWHGDWH
/LVWDQ\PDMRUFDSLWDOH[SHQGLWXUHV
SODQQHGUHTXHVWHGIRUWKHQH[WIHZ
\HDUV+DYHWKH\EHHQEXGJHWHG"
'HVFULEHDQ\RQJRLQJH[WUHPHO\
SUREOHPDWLFKLVWRULFDOO\FKURQLFRU
LPPHGLDWHIDFLOLW\QHHGV
5HVSRQVH
$FFHVVLELOLW\
6)
$GGLWLRQDO'HWDLO
0HWKRGRI&RPSOHWLRQ
,17(59,(:YHUEDOO\FRPSOHWHGGXULQJLQWHUYLHZ
)DFDGH
5RRI
,QWHULRUV
+9$&
(OHFWULFDO
6LWH3DYHPHQW
&RQVWUXFWHG
5HQRYDWHG
<HDU
0DUNWKHFROXPQFRUUHVSRQGLQJWRWKHDSSURSULDWHUHVSRQVH3OHDVHSURYLGHDGGLWLRQDOGHWDLOVLQWKH&RPPHQWVFROXPQRUEDFNXS GRFXPHQWDWLRQIRUDQ\<HVUHVSRQVHV
1$LQGLFDWHVNot Applicable8QNLQGLFDWHVUnknown
$UHWKHUHDQ\SUREOHPVZLWK
IRXQGDWLRQVRUVWUXFWXUHVOLNH
H[FHVVLYHVHWWOHPHQW"
$UHWKHUHDQ\ZDOOZLQGRZ
EDVHPHQWRUURRIOHDNV"
+DVDQ\SDUWRIWKHIDFLOLW\HYHU
FRQWDLQHGYLVLEOHVXVSHFWPROG
JURZWKRUKDYHWKHUHEHHQDQ\
LQGRRUDLUTXDOLW\FRPSODLQWV"
$UH\RXUHOHYDWRUVXQUHOLDEOHZLWK
IUHTXHQWVHUYLFHFDOOV"
$UHWKHUHDQ\SOXPELQJOHDNVZDWHU
SUHVVXUHRUFORJJLQJEDFNXSLVVXHV"
+DYHWKHUHEHHQDQ\OHDNVRU
SUHVVXUHSUREOHPVZLWKQDWXUDOJDV
+9$&SLSLQJRUVWHDPVHUYLFH"
$UHDQ\DUHDVRIWKHIDFLOLW\
LQDGHTXDWHO\KHDWHGFRROHGRU
YHQWLODWHG"3RRUO\LQVXODWHGDUHDV"
,VWKHHOHFWULFDOVHUYLFHRXWGDWHG
XQGHUVL]HGRUSUREOHPDWLF"
$UHWKHUHDQ\SUREOHPVRU
LQDGHTXDFLHVZLWKH[WHULRUOLJKWLQJ"
,VVLWHSDUNLQJGUDLQDJHLQDGHTXDWH
ZLWKH[FHVVLYHSRQGLQJRURWKHU
SUREOHPV"
$UHWKHUHDQ\RWKHUXQUHVROYHG
FRQVWUXFWLRQGHIHFWVRUVLJQLILFDQW
LVVXHVKD]DUGVDWWKHSURSHUW\WKDW
KDYHQRW\HWEHHQLGHQWLILHGDERYH"
$'$
+DVDQDFFHVVLELOLW\VWXG\EHHQ
SUHYLRXVO\SHUIRUPHG",IVRZKHQ"
$'$
+DYHDQ\$'$LPSURYHPHQWV
EHHQPDGHWRWKHSURSHUW\VLQFH
RULJLQDOFRQVWUXFWLRQ"'HVFULEH
$'$
+DVEXLOGLQJPDQDJHPHQW
UHSRUWHGDQ\DFFHVVLELOLW\EDVHG
FRPSODLQWVRUOLWLJDWLRQ"
+9$&OHDNVLQDLUKDQGOHUDUHD
4XHVWLRQ 5HVSRQVH &RPPHQWV
Signature of Assessor Signature of POC
<HV 1R 8QN 1$
$UHDQ\DUHDVRIWKHSURSHUW\OHDVHG
WRRXWVLGHRFFXSDQWV"
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL['
$FFHVVLELOLW\5HYLHZDQG3KRWRV
9LVXDO&KHFNOLVW$'$6WDQGDUGVIRU$FFHVVLEOH'HVLJQ $EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
)DFLOLW\+LVWRU\ ,QWHUYLHZ
4XHVWLRQ <HV 1R 8QN &RPPHQWV
+DVDQDFFHVVLELOLW\VWXG\EHHQSUHYLRXVO\
SHUIRUPHG",IVRZKHQ"
+DYHDQ\$'$LPSURYHPHQWVEHHQPDGHWR
WKHSURSHUW\VLQFHRULJLQDOFRQVWUXFWLRQ"
'HVFULEH
+DVEXLOGLQJPDQDJHPHQWUHSRUWHGDQ\
DFFHVVLELOLW\EDVHGFRPSODLQWVRUOLWLJDWLRQ"
5
3URSHUW\1DPH
%93URMHFW1XPEHU
&LW\+DOO&RPSOH[3ROLFH/LEUDU\
3DUNLQJ
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
29(59,(:2)$&&(66,%/(3$5.,1*$5($ 1'$5($2)$&&(66,%/(3$5.,1* 4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RHVWKHUHTXLUHGQXPEHURIVWDQGDUG$'$
GHVLJQDWHGVSDFHVDSSHDUWREHSURYLGHG"
'RHVWKHUHTXLUHGQXPEHURIYDQDFFHVVLEOH
GHVLJQDWHGVSDFHVDSSHDUWREHSURYLGHG"
$UHDFFHVVLEOHVSDFHVRQWKHVKRUWHVW
DFFHVVLEOHURXWHWRDQDFFHVVLEOHEXLOGLQJ
HQWUDQFH"
'RHVSDUNLQJVLJQDJHLQFOXGHWKH,QWHUQDWLRQDO
6\PERORI$FFHVVLELOLW\"
'RHVHDFKDFFHVVLEOHVSDFHKDYHDQDGMDFHQW
DFFHVVDLVOH"
'RSDUNLQJVSDFHVDQGDFFHVVDLVOHVDSSHDU
WREHUHODWLYHO\OHYHODQGZLWKRXWREVWUXFWLRQ"
([WHULRU$FFHVVLEOH5RXWH
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
$&&(66,%/(3$7+ $&&(66,%/(5$03
4XHVWLRQ <HV 1R 1$ &RPPHQWV
,VDQDFFHVVLEOHURXWHSUHVHQWIURPSXEOLF
WUDQVSRUWDWLRQVWRSVDQGPXQLFLSDOVLGHZDONV
RQRULPPHGLDWHO\DGMDFHQWWRWKHSURSHUW\"
'RHVDPLQLPXPRIRQHDFFHVVLEOHURXWH
DSSHDUWRFRQQHFWDOOSXEOLFDUHDVRQWKH
H[WHULRUVXFKDVSDUNLQJDQGRWKHURXWGRRU
DPHQLWLHVWRDFFHVVLEOHEXLOGLQJHQWUDQFHV"
$UHFXUEUDPSVSUHVHQWDWWUDQVLWLRQVWKURXJK
UDLVHGFXUEVRQDOODFFHVVLEOHURXWHV"
'RFXUEUDPSVDSSHDUWRKDYHFRPSOLDQW
VORSHVIRUDOOFRPSRQHQWV"
'RUDPSUXQVRQDQDFFHVVLEOHURXWHDSSHDU
WRKDYHFRPSOLDQWVORSHV"
'RUDPSUXQVRQDQDFFHVVLEOHURXWHDSSHDU
WRKDYHDFRPSOLDQWULVHDQGZLGWK"
'RUDPSVRQDQDFFHVVLEOHURXWHDSSHDUWR
KDYHFRPSOLDQWHQGDQGLQWHUPHGLDWH
ODQGLQJV"
'RUDPSVDQGVWDLUVRQDQDFFHVVLEOHURXWH
DSSHDUWRKDYHFRPSOLDQWKDQGUDLOV"
)RUVWDLUZD\VWKDWDUHRSHQXQGHUQHDWKDUH
SHUPDQHQWEDUULHUVSUHVHQWWKDWSUHYHQWRU
GLVFRXUDJHDFFHVV"
%XLOGLQJ(QWUDQFHV
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
0$,1(175$1&( '225+$5':$5(
4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RDVXIILFLHQWQXPEHURIDFFHVVLEOH
HQWUDQFHVDSSHDUWREHSURYLGHG"
,IWKHPDLQHQWUDQFHLVQRWDFFHVVLEOHLVDQ
DOWHUQDWHDFFHVVLEOHHQWUDQFHSURYLGHG"
,VVLJQDJHSURYLGHGLQGLFDWLQJWKHORFDWLRQRI
DOWHUQDWHDFFHVVLEOHHQWUDQFHV"
'RGRRUVDWDFFHVVLEOHHQWUDQFHVDSSHDUWR
KDYHFRPSOLDQWPDQHXYHULQJFOHDUDQFHDUHD
RQHDFKVLGH"
'RGRRUVDWDFFHVVLEOHHQWUDQFHVDSSHDUWR
KDYHFRPSOLDQWKDUGZDUH"
'RGRRUVDWDFFHVVLEOHHQWUDQFHVDSSHDUWR
KDYHDFRPSOLDQWFOHDURSHQLQJZLGWK"
'RSDLUVRIDFFHVVLEOHHQWUDQFHGRRUVLQ
VHULHVDSSHDUWRKDYHWKHPLQLPXPFOHDU
VSDFHEHWZHHQWKHP"
'RWKUHVKROGVDWDFFHVVLEOHHQWUDQFHVDSSHDU
WRKDYHDFRPSOLDQWKHLJKW"
,QWHULRU$FFHVVLEOH5RXWH
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
$&&(66,%/(,17(5,255$03 '225+$5':$5(
4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RHVDQDFFHVVLEOHURXWHDSSHDUWRFRQQHFW
DOOSXEOLFDUHDVLQVLGHWKHEXLOGLQJ"
'RDFFHVVLEOHURXWHVDSSHDUIUHHRI
REVWUXFWLRQVDQGRUSURWUXGLQJREMHFWV"
'RUDPSVRQDFFHVVLEOHURXWHVDSSHDUWR
KDYHFRPSOLDQWVORSHV"
'RUDPSUXQVRQDQDFFHVVLEOHURXWHDSSHDU
WRKDYHDFRPSOLDQWULVHDQGZLGWK"
'RUDPSVRQDFFHVVLEOHURXWHVDSSHDUWR
KDYHFRPSOLDQWHQGDQGLQWHUPHGLDWH
ODQGLQJV"
'RUDPSVRQDFFHVVLEOHURXWHVDSSHDUWR
KDYHFRPSOLDQWKDQGUDLOV"
$UHDFFHVVLEOHDUHDVRIUHIXJHDQGWKH
DFFHVVLEOHPHDQVRIHJUHVVWRWKRVHDUHDV
LGHQWLILHGZLWKDFFHVVLEOHVLJQDJH"
'RSXEOLFWUDQVDFWLRQDUHDVKDYHDQ
DFFHVVLEOHORZHUHGVHUYLFHFRXQWHUVHFWLRQ"
'RSXEOLFWHOHSKRQHVDSSHDUPRXQWHGZLWKDQ
DFFHVVLEOHKHLJKWDQGORFDWLRQ"
'RGRRUVDWLQWHULRUDFFHVVLEOHURXWHVDSSHDU
WRKDYHFRPSOLDQWPDQHXYHULQJFOHDUDQFH
DUHDRQHDFKVLGH"
'RGRRUVDWLQWHULRUDFFHVVLEOHURXWHVDSSHDU
WRKDYHFRPSOLDQWKDUGZDUH"
'RQRQILUHKLQJHGVOLGLQJRUIROGLQJGRRUVRQ
LQWHULRUDFFHVVLEOHURXWHVDSSHDUWRKDYH
FRPSOLDQWRSHQLQJIRUFH"
'RGRRUVRQLQWHULRUDFFHVVLEOHURXWHVDSSHDU
WRKDYHDFRPSOLDQWFOHDURSHQLQJZLGWK"
(OHYDWRUV
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
:+((/&+$,5/,)729(59,(: :+((/&+$,5/,)7'225+$5':$5(
4XHVWLRQ <HV 1R 1$ &RPPHQWV
$UHKDOOZD\FDOOEXWWRQVFRQILJXUHGZLWKWKH
³83´EXWWRQDERYHWKH³'2:1´EXWWRQ" :KHHOFKDLUOLIWDWSROLFHVWDWLRQ ,VDFFHVVLEOHIORRULGHQWLILFDWLRQVLJQDJH
SUHVHQWRQWKHKRLVWZD\VLGHZDOOVRQHDFK
OHYHO"
'RWKHHOHYDWRUVKDYHDXGLEOHDQGYLVXDO
DUULYDOLQGLFDWRUVDWWKHOREE\DQGKDOOZD\
HQWUDQFHV"
'RWKHHOHYDWRUKRLVWZD\DQGFDULQWHULRU
DSSHDUWRKDYHDPLQLPXPFRPSOLDQWFOHDU
IORRUDUHD"
'RWKHHOHYDWRUFDUGRRUVKDYHDXWRPDWLFUH
RSHQLQJGHYLFHVWRSUHYHQWFORVXUHRQ
REVWUXFWLRQV"
'RHOHYDWRUFDUFRQWUROEXWWRQVDSSHDUWREH
PRXQWHGDWDFRPSOLDQWKHLJKW"
$UHWDFWLOHDQG%UDLOOHFKDUDFWHUVPRXQWHGWR
WKHOHIWRIHDFKHOHYDWRUFDUFRQWUROEXWWRQ"
$UHDXGLEOHDQGYLVXDOIORRUSRVLWLRQLQGLFDWRUV
SURYLGHGLQWKHHOHYDWRUFDU"
,VWKHHPHUJHQF\FDOOV\VWHPRQRUDGMDFHQW
WRWKHFRQWUROSDQHODQGGRHVLWQRWUHTXLUH
YRLFHFRPPXQLFDWLRQ"
3XEOLF5HVWURRPV
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
72,/(767$//29(59,(: 6,1.)$8&(7+$1'/(6$1'$&&(6625,(6 4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RSXEOLFO\DFFHVVLEOHWRLOHWURRPVDSSHDUWR
KDYHDPLQLPXPFRPSOLDQWIORRUDUHD"
'RHVWKHODYDWRU\DSSHDUWREHPRXQWHGDWD
FRPSOLDQWKHLJKWDQGZLWKFRPSOLDQWNQHH
DUHD"
'RHVWKHODYDWRU\IDXFHWKDYHFRPSOLDQW
KDQGOHV"
,VWKHSOXPELQJSLSLQJXQGHUODYDWRULHV
FRQILJXUHGWRSURWHFWDJDLQVWFRQWDFW"
$UHJUDEEDUVSURYLGHGDWFRPSOLDQWORFDWLRQV
DURXQGWKHWRLOHW"
'RWRLOHWVWDOOGRRUVDSSHDUWRSURYLGHWKH
PLQLPXPFRPSOLDQWFOHDUZLGWK"
'RWRLOHWVWDOOVDSSHDUWRSURYLGHWKHPLQLPXP
FRPSOLDQWFOHDUIORRUDUHD"
:KHUHPRUHWKDQRQHXULQDOLVSUHVHQWLQD
PXOWLXVHUUHVWURRPGRHVPLQLPXPRQHXULQDO
DSSHDUWREHPRXQWHGDWDFRPSOLDQWKHLJKW
DQGZLWKFRPSOLDQWDSSURDFKZLGWK"
'RDFFHVVRULHVDQGPLUURUVDSSHDUWREH
PRXQWHGDWDFRPSOLDQWKHLJKW"
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[(
&RPSRQHQW&RQGLWLRQ5HSRUW
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
6)
& 7KURXJKRXWEXLOGLQJ )DLU :DOO)LQLVKHVDQ\VXUIDFH3UHS 3DLQW 6)
& 5HVWURRPV )DLU :DOO)LQLVKHV&HUDPLF7LOH 6) & QG)ORRU6WDII5RRP 3RRU )ORRULQJ9LQ\O7LOH 9&7
Z$VEHVWRV$EDWHPHQW 6)
& 5HVWURRPV )DLU )ORRULQJ&HUDPLF7LOH 6) & 7KURXJKRXWEXLOGLQJ )DLU )ORRULQJ&HUDPLF7LOH 6) & 7KURXJKRXWEXLOGLQJ )DLU )ORRULQJ9LQ\O7LOH 9&7
6)
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
6)
' 5HVWURRPV )DLU 8ULQDO6WDQGDUG
' 5HVWURRPV )DLU 7RLOHW&RPPHUFLDO:DWHU&ORVHW ' 5HVWURRPV )DLU 6LQN/DYDWRU\:DOO+XQJ(QDPHOHG6WHHO
&RPSRQHQW&RQGLWLRQ5HSRUW_&LW\+DOO&RPSOH[3ROLFH/LEUDU\&LW\/LEUDU\ 8)/&RGH /RFDWLRQ &RQGLWLRQ $VVHW&RPSRQHQW5HSDLU 4XDQWLW\ 58/ ,'' 7KURXJKRXWEXLOGLQJ )DLU 6LQN/DYDWRU\9DQLW\7RS6WDLQOHVV6WHHO +9$&' %RLOHUURRP )DLU %RLOHU*DV+9$& ' %XLOGLQJH[WHULRU )DLU &KLOOHU:DWHU&RROHGWR721 ' 5RRI )DLU 6SOLW6\VWHP'XFWOHVV6LQJOH=RQHWR721 ' %XLOGLQJH[WHULRU *RRG &RROLQJ7RZHU
7\SLFDO
2SHQ&LUFXLW ' 5RRI *RRG 6SOLW6\VWHP'XFWOHVV6LQJOH=RQH ' 7KURXJKRXW *RRG +9$&6\VWHP'XFWZRUN0HGLXP'HQVLW\ 6) ' 0HFKDQLFDOURRP )DLU $LU+DQGOHU,QWHULRU$+8(DV\0RGHUDWH$FFHVV ' 0HFKDQLFDOURRP )DLU $LU+DQGOHU,QWHULRU$+8(DV\0RGHUDWH$FFHVV ' &KLOOHU )DLU 3XPS'LVWULEXWLRQ+9$&&KLOOHGRU&RQGHQVHU:DWHU ' 7KURXJKRXWEXLOGLQJ )DLU +9$&6\VWHP+\GURQLF3LSLQJ3LSH 6) ' 5RRI )DLU 3DFNDJHG8QLW5783DGRU5RRI0RXQWHG ' &KLOOHU )DLU 3XPS'LVWULEXWLRQ+9$&&KLOOHGRU&RQGHQVHU:DWHU ' 5RRI *RRG 3DFNDJHG8QLW5783DGRU5RRI0RXQWHG ' 5RRI )DLU ([KDXVW)DQ5RRIRU:DOO0RXQWHG'DPSHU )LUH3URWHFWLRQ' 7KURXJKRXWEXLOGLQJ )DLU )LUH6XSSUHVVLRQ6\VWHP([LVWLQJ6SULQNOHU+HDGVE\6) 6) (OHFWULFDO' %XLOGLQJH[WHULRU )DLU *HQHUDWRU'LHVHO ' %XLOGLQJH[WHULRU )DLU $XWRPDWLF7UDQVIHU6ZLWFK$76 ' %XLOGLQJH[WHULRU )DLU *HQHUDWRU'LHVHO ' 0HFKDQLFDOURRP )DLU 6HFRQGDU\7UDQVIRUPHU'U\6WHSGRZQ ' (OHFWULFDOURRP )DLU 6HFRQGDU\7UDQVIRUPHU'U\6WHSGRZQ ' (OHFWULFDOURRP )DLU 6HFRQGDU\7UDQVIRUPHU'U\6WHSGRZQ ' 7KURXJKRXW )DLU (OHFWULFDO6\VWHP)XOO6\VWHP5HQRYDWLRQ8SJUDGH0HGLXP'HQVLW\&RPSOH[LW\ 6) ' (OHFWULFDOURRP )DLU 6ZLWFKERDUG9 ' (OHFWULFDOURRP )DLU 6HFRQGDU\7UDQVIRUPHU'U\6WHSGRZQ ' %XLOGLQJH[WHULRU )DLU 9DULDEOH)UHTXHQF\'ULYH9)'E\+3RI0RWRU5HSODFH,QVWDOO ' 7KURXJKRXWEXLOGLQJ *RRG ,QWHULRU/LJKWLQJ6\VWHP)XOO8SJUDGH0HGLXP'HQVLW\ 6WDQGDUG)L[WXUHV 6) )LUH$ODUP (OHFWURQLF6\VWHPV' 5HFHSWLRQ$UHD )DLU )LUH$ODUP3DQHO)XOO\$GGUHVVDEOH ' 7KURXJKRXW )DLU )LUH$ODUP6\VWHP)XOO6\VWHP8SJUDGH6WDQGDUG$GGUHVVDEOH 6) (TXLSPHQW )XUQLVKLQJV( /REE\ )DLU +HDOWKFDUH(TXLSPHQW'HILEULOODWRU $('
&DELQHW0RXQWHG
( 7KURXJKRXWEXLOGLQJ )DLU &DVHZRUN&DELQHWU\+DUGZRRG6WDQGDUG /)
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
% %XLOGLQJ([WHULRU )DLU ([WHULRU'RRU6WHHO6WDQGDUG 5RRILQJ% 5RRI )DLU 5RRILQJ6LQJOH3O\0HPEUDQH(3'0 6) ,QWHULRUV& 7KURXJKRXWEXLOGLQJ )DLU 6XVSHQGHG&HLOLQJV$FRXVWLFDO7LOH $&7
6)
& 7KURXJKRXWEXLOGLQJ )DLU :DOO)LQLVKHVDQ\VXUIDFH3UHS 3DLQW 6) & 7KURXJKRXWEXLOGLQJ )DLU )ORRULQJ&DUSHW&RPPHUFLDO6WDQGDUG 6) 3OXPELQJ' 8WLOLW\FORVHW )DLU 6LQN/DYDWRU\6HUYLFH6LQN)ORRU +9$&' 5RRI )DLU 6SOLW6\VWHP&RQGHQVLQJ8QLW+HDW3XPS (OHFWULFDO' 7KURXJKRXW )DLU (OHFWULFDO6\VWHP)XOO6\VWHP5HQRYDWLRQ8SJUDGH/RZ'HQVLW\&RPSOH[LW\ 6) ' 7KURXJKRXWEXLOGLQJ *RRG ,QWHULRU/LJKWLQJ6\VWHP)XOO8SJUDGH/RZ'HQVLW\ 6WDQGDUG)L[WXUHV 6) (TXLSPHQW )XUQLVKLQJV( 2IILFH )DLU +HDOWKFDUH(TXLSPHQW'HILEULOODWRU $('
&DELQHW0RXQWHG
&RPSRQHQW&RQGLWLRQ5HSRUW_&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ3ROLFH6WDWLRQ8)/&RGH /RFDWLRQ &RQGLWLRQ $VVHW&RPSRQHQW5HSDLU 4XDQWLW\ 58/ ,' )DFDGH% %XLOGLQJ([WHULRU )DLU ([WHULRU:DOOV*ODVV%ORFN 6) % %XLOGLQJ([WHULRU )DLU :LQGRZ$OXPLQXP'RXEOH*OD]HGXSWR6)
% %XLOGLQJ([WHULRU )DLU :LQGRZ$OXPLQXP'RXEOH*OD]HG6) % %XLOGLQJ([WHULRU )DLU ([WHULRU'RRU$OXPLQXP)UDPHG *OD]HG6WDQGDUG6ZLQJ % %XLOGLQJ([WHULRU )DLU ([WHULRU'RRU6WHHO6WDQGDUG 5RRILQJ% 5RRI 3RRU 5RRILQJDQ\W\SH5HSDLUVSHU0DQ'D\5HSDLU % 5RRI )DLU 5RRILQJ&OD\&RQFUHWH7LOH 6)
&RPSRQHQW&RQGLWLRQ5HSRUW_&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ3ROLFH6WDWLRQ 8)/&RGH /RFDWLRQ &RQGLWLRQ $VVHW&RPSRQHQW5HSDLU 4XDQWLW\ 58/ ,'% 5RRI )DLU 5RRILQJ6LQJOH3O\0HPEUDQH(3'0 6) ,QWHULRUV& 7KURXJKRXWEXLOGLQJ )DLU ,QWHULRU'RRU:RRG6ROLG&RUH & 7KURXJKRXWEXLOGLQJ )DLU 6XVSHQGHG&HLOLQJV$FRXVWLFDO7LOH $&7
6)
&
/RFNHU5RRP )DLU /RFNHUV6WHHO%DNHG(QDPHO:['[+ & .LWFKHQ )DLU :DOO)LQLVKHV9LQ\O 6)
& 7KURXJKRXWEXLOGLQJ )DLU :DOO)LQLVKHVDQ\VXUIDFH3UHS 3DLQW 6)
& 5HVWURRPV )DLU :DOO)LQLVKHV&HUDPLF7LOH 6) & .LWFKHQ )DLU )ORRULQJ4XDUU\7LOH 6) & %RLOHUURRP 3RRU )ORRULQJ&RQFUHWH5HSDLU 6) & 5HVWURRPV )DLU )ORRULQJ&HUDPLF7LOH 6) & 7KURXJKRXWEXLOGLQJ )DLU )ORRULQJ9LQ\O7LOH 9&7
6)
& )LWQHVV&HQWHU )DLU )ORRULQJ5XEEHU7LOH 6) & 2IILFHV ([FHOOHQW )ORRULQJ&DUSHW&RPPHUFLDO6WDQGDUG 6) &RQYH\LQJ' %XLOGLQJH[WHULRU )DLU 9HUWLFDO/LIW:KHHOFKDLU 5LVH5HQRYDWH
3OXPELQJ' 7KURXJKRXWEXLOGLQJ )DLU 3OXPELQJ6\VWHP6XSSO\ 6DQLWDU\0HGLXP'HQVLW\ H[FOXGHVIL[WXUHV
6)
' %RLOHUURRP ([FHOOHQW :DWHU+HDWHU*DV&RPPHUFLDO 0%+
' %RLOHUURRP ([FHOOHQW :DWHU+HDWHU*DV&RPPHUFLDO 0%+
' )DLU 'ULQNLQJ)RXQWDLQ:DOO0RXQWHG%L/HYHO
' .LWFKHQ )DLU 6LQN/DYDWRU\&RPPHUFLDO.LWFKHQ%RZO ' 5HVWURRPV )DLU 8ULQDO6WDQGDUG ' 5HVWURRPV )DLU 7RLOHW&RPPHUFLDO:DWHU&ORVHW ' 5HVWURRPV )DLU 6KRZHU&HUDPLF7LOH ' )DLU 6LQN/DYDWRU\6HUYLFH6LQN/DXQGU\ ' 5HVWURRPV )DLU 6LQN/DYDWRU\:DOO+XQJ(QDPHOHG6WHHO +9$&' %RLOHUURRP *RRG %RLOHU*DV+9$& ' &KLOOHU5RRP *RRG %RLOHU6XSSOHPHQWDO&RPSRQHQWV([SDQVLRQ7DQN ' &KLOOHU5RRP )DLU &KLOOHU:DWHU&RROHG ' %XLOGLQJH[WHULRU )DLU &RROLQJ7RZHU 7\SLFDO
2SHQ&LUFXLW ' &KLOOHU5RRP )DLU &KLOOHU:DWHU&RROHG ' 5RRI )DLU 6SOLW6\VWHP'XFWOHVV6LQJOH=RQH ' %XLOGLQJH[WHULRU )DLU 6SOLW6\VWHP'XFWOHVV6LQJOH=RQH ' %XLOGLQJH[WHULRU )DLU 6SOLW6\VWHP'XFWOHVV6LQJOH=RQH
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
( .LWFKHQ )DLU )RRGVHUYLFH(TXLSPHQW)UHH]HU'RRU5HDFK,Q
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
&RPSRQHQW&RQGLWLRQ5HSRUW_&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ7UDIILF2IILFH 8)/&RGH /RFDWLRQ &RQGLWLRQ $VVHW&RPSRQHQW5HSDLU 4XDQWLW\ 58/ ,'% %XLOGLQJH[WHULRU )DLU ([WHULRU:DOOVDQ\SDLQWHGVXUIDFH3UHS 3DLQW 6) % %XLOGLQJ([WHULRU )DLU :LQGRZ$OXPLQXP'RXEOH*OD]HG6) % %XLOGLQJ([WHULRU )DLU ([WHULRU'RRU$OXPLQXP)UDPHG *OD]HG6WDQGDUG6ZLQJ 5RRILQJ% 5RRI )DLU 5RRILQJ6LQJOH3O\0HPEUDQH(3'0 6) ,QWHULRUV& 7KURXJKRXWEXLOGLQJ )DLU 6XVSHQGHG&HLOLQJV$FRXVWLFDO7LOH $&7
6)
& 7KURXJKRXWEXLOGLQJ )DLU :DOO)LQLVKHVDQ\VXUIDFH3UHS 3DLQW 6) & 7KURXJKRXWEXLOGLQJ )DLU )ORRULQJ0HWDO6KHHWLQJ 6) +9$&' 2IILFH )DLU 6SOLW6\VWHP'XFWOHVV6LQJOH=RQH (OHFWULFDO' 7KURXJKRXW )DLU (OHFWULFDO6\VWHP)XOO6\VWHP5HQRYDWLRQ8SJUDGH/RZ'HQVLW\&RPSOH[LW\ 6) ' 7KURXJKRXW *RRG ,QWHULRU/LJKWLQJ6\VWHP)XOO8SJUDGH/RZ'HQVLW\ 6WDQGDUG)L[WXUHV 6)
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
6)
* &LW\/LEUDU\6LWH )DLU 5HWDLQLQJ:DOO&RQFUHWH0DVRQU\8QLW &08
6)
* &LW\/LEUDU\6LWH )DLU 6LJQDJH3URSHUW\0RQXPHQW5HSODFH,QVWDOO * 3ROLFH6WDWLRQ6LWH )DLU )HQFHV *DWHV)HQFH0HWDO7XEH /)
* 3ROLFH6WDWLRQ6LWH )DLU )ODJSROH0HWDO * &LW\/LEUDU\6LWH )DLU %LNH5DFN)L[HG%LNHV * &LW\/LEUDU\6LWH )DLU 7UDVK5HFHSWDFOH0HGLXP'XW\0HWDORU3UHFDVW
&RPSRQHQW&RQGLWLRQ5HSRUW_&LW\+DOO&RPSOH[3ROLFH/LEUDU\6LWH 8)/&RGH /RFDWLRQ &RQGLWLRQ $VVHW&RPSRQHQW5HSDLU 4XDQWLW\ 58/ ,'* 3ROLFH6WDWLRQ6LWH )DLU )HQFHV *DWHV6FUHHQ:DOOV&RQFUHWH0DVRQU\8QLW &08
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
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[)
5HSODFHPHQW5HVHUYHV
5HSODFHPHQW5HVHUYHV5HSRUW
/RFDWLRQ
7RWDO(VFDODWHG(VWLPDWH
&LW\+DOO&RPSOH[3ROLFH/LEUDU\ &LW\+DOO&RPSOH[3ROLFH/LEUDU\&LW\/LEUDU\
&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ(YLGHQFH6WRUDJH8QLW &LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ,72IILFH6WRUDJH8QLW
&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ3ROLFH5HFRUGVDQG6WRUDJH &LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ3ROLFH6WDWLRQ
&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ7UDIILF2IILFH
&LW\+DOO&RPSOH[3ROLFH/LEUDU\6LWH
*UDQG7RWDO
&LW\+DOO&RPSOH[3ROLFH/LEUDU\&LW\+DOO&RPSOH[3ROLFH/LEUDU\&LW\/LEUDU\ 8QLIRUPDW&RGH /RFDWLRQ'HVFULSWLRQ ,' &RVW'HVFULSWLRQ /LIHVSDQ (8/
($JH 58/ 4XDQWLW\8QLW 8QLW&RVW Z0DUNXS
6XEWRWDO
'HILFLHQF\ 5HSDLU (VWLPDWH
% 5RRI
5RRI6WUXFWXUH)ODW&RQFUHWH%HDPV 'HFN5HSODFH 6) % %XLOGLQJ([WHULRU
:LQGRZ$OXPLQXP'RXEOH*OD]HG6)5HSODFH ($
% %XLOGLQJ([WHULRU
6WRUHIURQW*OD]LQJ )UDPLQJ5HSODFH 6)
% %XLOGLQJ([WHULRU
([WHULRU'RRU$OXPLQXP)UDPHG *OD]HG6WDQGDUG6ZLQJ5HSODFH ($
% 5RRI
5RRILQJ6LQJOH3O\0HPEUDQH(3'05HSODFH
6)
& 7KURXJKRXWEXLOGLQJ
6XVSHQGHG&HLOLQJV$FRXVWLFDO7LOH
$&7
5HSODFH 6) & 7KURXJKRXWEXLOGLQJ
:DOO)LQLVKHVDQ\VXUIDFH3UHS 3DLQW
6)
& QG)ORRU6WDII5RRP
)ORRULQJ9LQ\O7LOH
9&7
Z$VEHVWRV$EDWHPHQW5HSODFH 6)
& 7KURXJKRXWEXLOGLQJ
)ORRULQJ9LQ\O7LOH
9&7
5HSODFH
6)
& 7KURXJKRXWEXLOGLQJ
)ORRULQJ&DUSHW&RPPHUFLDO6WDQGDUG5HSODFH 6)
& 7KURXJKRXWEXLOGLQJ
&HLOLQJ)LQLVKHVDQ\IODWVXUIDFH3UHS 3DLQW 6)
' (OHYDWRU
(OHYDWRU&DE)LQLVKHV6WDQGDUG5HSODFH
($
' )ULHQGV5RRP5HVWURRP
:DWHU+HDWHU(OHFWULF,QVWDQW+RW5HSODFH ($ ' %RLOHUURRP
:DWHU+HDWHU*DV5HVLGHQWLDO5HSODFH ($
' 7KURXJKRXWEXLOGLQJ
'ULQNLQJ)RXQWDLQ:DOO0RXQWHG%L/HYHO5HSODFH ($
' 7KURXJKRXWEXLOGLQJ
6LQN/DYDWRU\9DQLW\7RS6WDLQOHVV6WHHO5HSODFH ($
' 5HVWURRPV
7RLOHW5HVLGHQWLDO:DWHU&ORVHW5HSODFH ($
' 5HVWURRPV
6LQN/DYDWRU\:DOO+XQJ(QDPHOHG6WHHO5HSODFH ($
' 5HVWURRPV
8ULQDO6WDQGDUG5HSODFH ($
' 5HVWURRPV
7RLOHW&RPPHUFLDO:DWHU&ORVHW5HSODFH ($
' %RLOHUURRP
%RLOHU*DV+9$&5HSODFH ($ ' %XLOGLQJH[WHULRU
&KLOOHU:DWHU&RROHGWR7215HSODFH
($ ' 5RRI
6SOLW6\VWHP'XFWOHVV6LQJOH=RQHWR7215HSODFH ($
' 5RRI
6SOLW6\VWHP'XFWOHVV6LQJOH=RQH5HSODFH ($
' &KLOOHU
3XPS'LVWULEXWLRQ+9$&&KLOOHGRU&RQGHQVHU:DWHU5HSODFH ($
' &KLOOHU
3XPS'LVWULEXWLRQ+9$&&KLOOHGRU&RQGHQVHU:DWHU5HSODFH ($
' 0HFKDQLFDOURRP
$LU+DQGOHU,QWHULRU$+8(DV\0RGHUDWH$FFHVV5HSODFH ($
' 0HFKDQLFDOURRP
$LU+DQGOHU,QWHULRU$+8(DV\0RGHUDWH$FFHVV5HSODFH ($
' 5RRI
3DFNDJHG8QLW5783DGRU5RRI0RXQWHG5HSODFH ($
' 5RRI
3DFNDJHG8QLW5783DGRU5RRI0RXQWHG5HSODFH ($ ' 7KURXJKRXW
+9$&6\VWHP'XFWZRUN0HGLXP'HQVLW\5HSODFH 6)
' 5RRI
([KDXVW)DQ5RRIRU:DOO0RXQWHG'DPSHU5HSODFH ($
' 7KURXJKRXWEXLOGLQJ
)LUH6XSSUHVVLRQ6\VWHP([LVWLQJ6SULQNOHU+HDGVE\6)5HSODFH 6)
' %XLOGLQJH[WHULRU
*HQHUDWRU'LHVHO5HSODFH ($ ' %XLOGLQJH[WHULRU
*HQHUDWRU'LHVHO5HSODFH ($ ' %XLOGLQJH[WHULRU
$XWRPDWLF7UDQVIHU6ZLWFK$765HSODFH ($ 5HSODFHPHQW5HVHUYHV5HSRUW
8QLIRUPDW&RGH /RFDWLRQ'HVFULSWLRQ ,' &RVW'HVFULSWLRQ /LIHVSDQ (8/
($JH 58/ 4XDQWLW\8QLW 8QLW&RVW Z0DUNXS
6XEWRWDO
'HILFLHQF\ 5HSDLU (VWLPDWH
' 0HFKDQLFDOURRP
6HFRQGDU\7UDQVIRUPHU'U\6WHSGRZQ5HSODFH ($
' (OHFWULFDOURRP
6HFRQGDU\7UDQVIRUPHU'U\6WHSGRZQ5HSODFH ($ ' (OHFWULFDOURRP
6HFRQGDU\7UDQVIRUPHU'U\6WHSGRZQ5HSODFH ($ ' (OHFWULFDOURRP
6HFRQGDU\7UDQVIRUPHU'U\6WHSGRZQ5HSODFH ($ ' 7KURXJKRXW
(OHFWULFDO6\VWHP)XOO6\VWHP5HQRYDWLRQ8SJUDGH0HGLXP'HQVLW\&RPSOH[LW\5HSODFH 6)
' %XLOGLQJH[WHULRU
9DULDEOH)UHTXHQF\'ULYH9)'E\+3RI0RWRU5HSODFH,QVWDOO ($
' 7KURXJKRXWEXLOGLQJ
,QWHULRU/LJKWLQJ6\VWHP)XOO8SJUDGH0HGLXP'HQVLW\ 6WDQGDUG)L[WXUHV5HSODFH 6)
' 5HFHSWLRQ$UHD
)LUH$ODUP3DQHO)XOO\$GGUHVVDEOH5HSODFH
($
' 7KURXJKRXW
)LUH$ODUP6\VWHP)XOO6\VWHP8SJUDGH6WDQGDUG$GGUHVVDEOH5HSODFH 6) ( /REE\
+HDOWKFDUH(TXLSPHQW'HILEULOODWRU
$('
&DELQHW0RXQWHG5HSODFH ($ ( 7KURXJKRXWEXLOGLQJ
&DVHZRUN&DELQHWU\+DUGZRRG6WDQGDUG5HSODFH
/)
) 5HDU/LEUDU\/RW
6KHG*D]HER6KDGH6WUXFWXUH:RRGRU0HWDO)UDPHG%DVLF0LQLPDO5HSODFH 6)
7RWDOV8QHVFDODWHG
7RWDOV(VFDODWHG
LQIODWLRQFRPSRXQGHGDQQXDOO\
&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ(YLGHQFH6WRUDJH8QLW&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ,72IILFH6WRUDJH8QLW 8QLIRUPDW&RGH
/RFDWLRQ'HVFULSWLRQ ,' &RVW'HVFULSWLRQ /LIHVSDQ
(8/
($JH 58/ 4XDQWLW\8QLW 8QLW&RVW Z0DUNXS
6XEWRWDO
'HILFLHQF\5HSDLU (VWLPDWH
% ([WHULRUZDOO
([WHULRU:DOOVDQ\SDLQWHGVXUIDFH3UHS 3DLQW 6) % %XLOGLQJ([WHULRU :LQGRZ$OXPLQXP'RXEOH*OD]HG6)5HSODFH ($
% 5RRI 5RRILQJ6LQJOH3O\0HPEUDQH(3'05HSODFH 6) & 7KURXJKRXWEXLOGLQJ 6XVSHQGHG&HLOLQJV$FRXVWLFDO7LOH $&7
5HSODFH 6) & 7KURXJKRXWEXLOGLQJ :DOO)LQLVKHVDQ\VXUIDFH3UHS 3DLQW 6)
& 7KURXJKRXWEXLOGLQJ )ORRULQJ&DUSHW&RPPHUFLDO6WDQGDUG5HSODFH 6) ' 8WLOLW\FORVHW 6LQN/DYDWRU\6HUYLFH6LQN)ORRU5HSODFH ($
' 5RRI 6SOLW6\VWHP&RQGHQVLQJ8QLW+HDW3XPS5HSODFH ($
' 7KURXJKRXW
(OHFWULFDO6\VWHP)XOO6\VWHP5HQRYDWLRQ8SJUDGH/RZ'HQVLW\&RPSOH[LW\5HSODFH 6)
' 7KURXJKRXWEXLOGLQJ ,QWHULRU/LJKWLQJ6\VWHP)XOO8SJUDGH/RZ'HQVLW\ 6WDQGDUG)L[WXUHV5HSODFH 6) ( 2IILFH +HDOWKFDUH(TXLSPHQW'HILEULOODWRU $('
&DELQHW0RXQWHG5HSODFH ($ 7RWDOV8QHVFDODWHG
7RWDOV(VFDODWHG
LQIODWLRQFRPSRXQGHGDQQXDOO\
&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ3ROLFH5HFRUGVDQG6WRUDJH&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ3ROLFH6WDWLRQ 8QLIRUPDW&RGH /RFDWLRQ'HVFULSWLRQ ,' &RVW'HVFULSWLRQ /LIHVSDQ (8/
($JH 58/ 4XDQWLW\8QLW 8QLW&RVW Z0DUNXS
6XEWRWDO
'HILFLHQF\ 5HSDLU(VWLPDWH
% %XLOGLQJ([WHULRU :LQGRZ$OXPLQXP'RXEOH*OD]HGXSWR6)5HSODFH ($
% %XLOGLQJ([WHULRU :LQGRZ$OXPLQXP'RXEOH*OD]HG6)5HSODFH ($
% %XLOGLQJ([WHULRU ([WHULRU'RRU$OXPLQXP)UDPHG *OD]HG6WDQGDUG6ZLQJ5HSODFH ($
% 5RRI
5RRILQJDQ\W\SH5HSDLUVSHU0DQ'D\5HSDLU ($ % 5RRI 5RRILQJ6LQJOH3O\0HPEUDQH(3'05HSODFH 6)
& 7KURXJKRXWEXLOGLQJ 6XVSHQGHG&HLOLQJV$FRXVWLFDO7LOH $&7
5HSODFH 6) &
/RFNHU5RRP /RFNHUV6WHHO%DNHG(QDPHO:['[+5HSODFH ($
& .LWFKHQ :DOO)LQLVKHV9LQ\O5HSODFH 6)
& 7KURXJKRXWEXLOGLQJ :DOO)LQLVKHVDQ\VXUIDFH3UHS 3DLQW 6)
& %RLOHUURRP )ORRULQJ&RQFUHWH5HSDLU 6) & )LWQHVV&HQWHU )ORRULQJ5XEEHU7LOH5HSODFH 6)
& 7KURXJKRXWEXLOGLQJ )ORRULQJ9LQ\O7LOH 9&7
5HSODFH
6)
& 2IILFHV
)ORRULQJ&DUSHW&RPPHUFLDO6WDQGDUG5HSODFH 6) 5HSODFHPHQW5HVHUYHV5HSRUW
8QLIRUPDW&RGH /RFDWLRQ'HVFULSWLRQ ,' &RVW'HVFULSWLRQ /LIHVSDQ (8/
($JH 58/ 4XDQWLW\8QLW 8QLW&RVW Z0DUNXS
6XEWRWDO
'HILFLHQF\ 5HSDLU(VWLPDWH
' %XLOGLQJH[WHULRU 9HUWLFDO/LIW:KHHOFKDLU 5LVH5HQRYDWH
($
' %RLOHUURRP :DWHU+HDWHU*DV&RPPHUFLDO 0%+
5HSODFH ($ ' %RLOHUURRP :DWHU+HDWHU*DV&RPPHUFLDO 0%+
5HSODFH ($ ' 3ROLFH6WDWLRQ3ROLFH6WDWLRQ 'ULQNLQJ)RXQWDLQ:DOO0RXQWHG%L/HYHO5HSODFH ($ ' .LWFKHQ 6LQN/DYDWRU\&RPPHUFLDO.LWFKHQ%RZO5HSODFH ($
' 5HVWURRPV 6LQN/DYDWRU\:DOO+XQJ(QDPHOHG6WHHO5HSODFH ($
' 5HVWURRPV 8ULQDO6WDQGDUG5HSODFH ($
' 5HVWURRPV 6KRZHU&HUDPLF7LOH5HSODFH ($
' 5HVWURRPV 7RLOHW&RPPHUFLDO:DWHU&ORVHW5HSODFH ($
' 3ROLFH6WDWLRQ3ROLFH6WDWLRQ 6LQN/DYDWRU\6HUYLFH6LQN/DXQGU\5HSODFH ($
' %XLOGLQJH[WHULRU &RROLQJ7RZHU
7\SLFDO
2SHQ&LUFXLW5HSODFH ($
' &KLOOHU5RRP
&KLOOHU:DWHU&RROHG5HSODFH ($
' &KLOOHU5RRP &KLOOHU:DWHU&RROHG5HSODFH ($
' %XLOGLQJH[WHULRU
6SOLW6\VWHP'XFWOHVV6LQJOH=RQH5HSODFH ($
' %XLOGLQJH[WHULRU
6SOLW6\VWHP&RQGHQVLQJ8QLW+HDW3XPS5HSODFH ($ ' %XLOGLQJH[WHULRU
6SOLW6\VWHP'XFWOHVV6LQJOH=RQH5HSODFH
($
' 5RRI 6SOLW6\VWHP'XFWOHVV6LQJOH=RQH5HSODFH ($
' %XLOGLQJH[WHULRU
6SOLW6\VWHP'XFWOHVV6LQJOH=RQH5HSODFH
($
' 7KURXJKRXW
+9$&6\VWHP'XFWZRUN0HGLXP'HQVLW\5HSODFH 6)
' 5RRI
$LU+DQGOHU,QWHULRU$+8(DV\0RGHUDWH$FFHVV5HSODFH ($
' 5RRI ([KDXVW)DQ5RRIRU:DOO0RXQWHG'DPSHU5HSODFH ($
' 3ROLFH6WDWLRQ3ROLFH6WDWLRQ ([KDXVW)DQ&HQWULIXJDO'DPSHU5HSODFH ($ ' %XLOGLQJH[WHULRU *HQHUDWRU'LHVHO5HSODFH ($
' (OHFWULFDOURRP $XWRPDWLF7UDQVIHU6ZLWFK$765HSODFH ($ ' (OHFWULFDOURRP
6ZLWFKERDUG95HSODFH ($
' (OHFWULFDOURRP 6HFRQGDU\7UDQVIRUPHU'U\6WHSGRZQ5HSODFH ($
' &KLOOHU5RRP 9DULDEOH)UHTXHQF\'ULYH9)'E\+3RI0RWRU5HSODFH,QVWDOO ($ ' &KLOOHU5RRP 9DULDEOH)UHTXHQF\'ULYH9)'E\+3RI0RWRU5HSODFH,QVWDOO ($
' 5RRI 9DULDEOH)UHTXHQF\'ULYH9)'E\+3RI0RWRU5HSODFH,QVWDOO ($
' 3ROLFH6WDWLRQ3ROLFH6WDWLRQ ,QWHULRU/LJKWLQJ6\VWHP)XOO8SJUDGH0HGLXP'HQVLW\ 6WDQGDUG)L[WXUHV5HSODFH 6)
' 8WLOLW\FORVHW )LUH$ODUP3DQHO)XOO\$GGUHVVDEOH5HSODFH ($
' 7KURXJKRXW
)LUH$ODUP6\VWHP)XOO6\VWHP8SJUDGH6WDQGDUG$GGUHVVDEOH5HSODFH 6)
( .LWFKHQ )RRGVHUYLFH(TXLSPHQW&RQYHFWLRQ2YHQ'RXEOH5HSODFH ($
( .LWFKHQ
)RRGVHUYLFH(TXLSPHQW([KDXVW+RRGWR/)5HSODFH ($
( .LWFKHQ
)RRGVHUYLFH(TXLSPHQW)UHH]HU'RRU5HDFK,Q5HSODFH ($
( .LWFKHQ )RRGVHUYLFH(TXLSPHQW,FHPDNHU)UHHVWDQGLQJ5HSODFH ($
( .LWFKHQ )RRGVHUYLFH(TXLSPHQW5DQJH2YHQ%XUQHU5HSODFH ($
( .LWFKHQ )RRGVHUYLFH(TXLSPHQW([KDXVW+RRGWR/)5HSODFH ($
( .LWFKHQ )RRGVHUYLFH(TXLSPHQW5HIULJHUDWRU'RRU5HDFK,Q5HSODFH ($
* %XLOGLQJH[WHULRU
([WHULRU)L[WXUHZ/DPSDQ\W\SHZ/('5HSODFHPHQW5HSODFH ($
7RWDOV8QHVFDODWHG
7RWDOV(VFDODWHG
LQIODWLRQFRPSRXQGHGDQQXDOO\
&LW\+DOO&RPSOH[3ROLFH/LEUDU\3ROLFH6WDWLRQ7UDIILF2IILFH 8QLIRUPDW&RGH
/RFDWLRQ'HVFULSWLRQ ,' &RVW'HVFULSWLRQ /LIHVSDQ
(8/
($JH 58/ 4XDQWLW\8QLW 8QLW&RVW Z0DUNXS
6XEWRWDO
'HILFLHQF\5HSDLU (VWLPDWH
% %XLOGLQJH[WHULRU
([WHULRU:DOOVDQ\SDLQWHGVXUIDFH3UHS 3DLQW 6)
% %XLOGLQJ([WHULRU :LQGRZ$OXPLQXP'RXEOH*OD]HG6)5HSODFH ($
% %XLOGLQJ([WHULRU ([WHULRU'RRU$OXPLQXP)UDPHG *OD]HG6WDQGDUG6ZLQJ5HSODFH ($
% 5RRI
5RRILQJ6LQJOH3O\0HPEUDQH(3'05HSODFH 6)
& 7KURXJKRXWEXLOGLQJ 6XVSHQGHG&HLOLQJV$FRXVWLFDO7LOH $&7
5HSODFH 6) & 7KURXJKRXWEXLOGLQJ :DOO)LQLVKHVDQ\VXUIDFH3UHS 3DLQW 6) 5HSODFHPHQW5HVHUYHV5HSRUW
8QLIRUPDW&RGH
/RFDWLRQ'HVFULSWLRQ ,' &RVW'HVFULSWLRQ /LIHVSDQ
(8/
($JH 58/ 4XDQWLW\8QLW 8QLW&RVW Z0DUNXS
6XEWRWDO
'HILFLHQF\5HSDLU (VWLPDWH
' 2IILFH 6SOLW6\VWHP'XFWOHVV6LQJOH=RQH5HSODFH ($
' 7KURXJKRXW
(OHFWULFDO6\VWHP)XOO6\VWHP5HQRYDWLRQ8SJUDGH/RZ'HQVLW\&RPSOH[LW\5HSODFH 6)
' 7KURXJKRXW
,QWHULRU/LJKWLQJ6\VWHP)XOO8SJUDGH/RZ'HQVLW\ 6WDQGDUG)L[WXUHV5HSODFH 6)
7RWDOV8QHVFDODWHG
7RWDOV(VFDODWHG
LQIODWLRQFRPSRXQGHGDQQXDOO\
&LW\+DOO&RPSOH[3ROLFH/LEUDU\6LWH
8QLIRUPDW&RGH /RFDWLRQ'HVFULSWLRQ ,' &RVW'HVFULSWLRQ /LIHVSDQ (8/
($JH 58/ 4XDQWLW\8QLW 8QLW&RVW Z0DUNXS
6XEWRWDO
'HILFLHQF\5HSDLU (VWLPDWH
' 3ROLFH6WDWLRQ6LWH
9HKLFXODU$FFHVV'HYLFHV*DWHZ&RQWUROOHU5HSODFH ($
' 3ROLFH6WDWLRQ6LWH 9HKLFXODU$FFHVV'HYLFHV*DWHZ&RQWUROOHU5HSODFH ($
* /LEUDU\6LGH/RW
3DUNLQJ/RWV3DYHPHQW$VSKDOW6HDO 6WULSH 6)
* 5HDU/RW
3DUNLQJ/RWV3DYHPHQW$VSKDOW0LOO 2YHUOD\ 6)
* 3ROLFH6WDWLRQ6LWH
3DUNLQJ/RWV3DYHPHQW&RQFUHWH&UDFN)LOO 6WULSH 6) * 0DLQ3DUNLQJ
3DUNLQJ/RWV3DYHPHQW$VSKDOW6HDO 6WULSH 6)
* 5HDU/RW 3DUNLQJ/RWV3DYHPHQW$VSKDOW6HDO 6WULSH 6)
* /LEUDU\6LGH/RW
3DUNLQJ/RWV3DYHPHQW$VSKDOW0LOO 2YHUOD\ 6) * 0DLQ3DUNLQJ 3DUNLQJ/RWV3DYHPHQW$VSKDOW0LOO 2YHUOD\ 6)
* &LW\/LEUDU\6LWH
3DUN%HQFK:RRG&RPSRVLWH)LEHUJODVV5HSODFH
($
* &LW\/LEUDU\6LWH
%LNH5DFN)L[HG%LNHV5HSODFH
($
* &LW\/LEUDU\6LWH
7UDVK5HFHSWDFOH0HGLXP'XW\0HWDORU3UHFDVW5HSODFH ($
* &LW\/LEUDU\6LWH
3DUN%HQFK:RRG&RPSRVLWH)LEHUJODVV5HSODFH
($
* &LW\/LEUDU\6LWH
3LFQLF7DEOH3UHFDVW&RQFUHWH5HSODFH ($ * &LW\/LEUDU\6LWH
6LJQDJH3URSHUW\0RQXPHQW5HSODFH,QVWDOO
($
* 3ROLFH6WDWLRQ6LWH 6LJQDJH3URSHUW\0RQXPHQW5HSODFH,QVWDOO ($
* 3ROLFH6WDWLRQ6LWH )ODJSROH0HWDO5HSODFH ($
* 3ROLFH6WDWLRQ6LWH 5HWDLQLQJ:DOO&RQFUHWH0DVRQU\8QLW &08
5HSODFH 6)
* 3ROLFH6WDWLRQ6LWH ,UULJDWLRQ6\VWHP&RQWURO3DQHO5HSODFH ($
* 3ROLFH6WDWLRQ6LWH ,UULJDWLRQ6\VWHP'ULS6\VWHP5HSODFH,QVWDOO 6)
* 3ROLFH6WDWLRQ5HDU/RW 6WRUDJH7DQN6LWH)XHO8QGHUJURXQG5HSODFH,QVWDOO ($
* &LW\/LEUDU\6LWH
3ROH/LJKW)L[WXUHZ/DPSVDQ\W\SH
+LJKZ/('5HSODFHPHQW5HSODFH,QVWDOO
($
* 3ROLFH6WDWLRQ6LWH 3ROH/LJKW)L[WXUHZ/DPSVDQ\W\SH +LJKZ/('5HSODFHPHQW5HSODFH,QVWDOO
($
7RWDOV8QHVFDODWHG
7RWDOV(VFDODWHG
LQIODWLRQFRPSRXQGHGDQQXDOO\
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[*
(TXLSPHQW,QYHQWRU\/LVW
(TXLSPHQW/RFDWLRQ (TXLSPHQW &DSDFLW\ 4XDQWLW\ <HDU 0DNH 0RGHO 6HULDO Friends Room Restroom Water Heater 3.7 gal 1 2014 Chronomite SR-20L/240-I 1459723Boiler room Water Heater 74 GAL 1 2023 A. O. Smith BL-80 100 2235130806893Boiler room Water Heater 74 GAL 1 2023 A. O. Smith BL-80 100 2235130806892Boiler room Water Heater 40 GAL 1 2022 A. O. Smith GUR-40 450 2244131569482Boiler room Boiler 650 MBH 1 2014 Raypak No dataplate 1409385061Boiler room Boiler 850 MBH 1 2009 Raypak H7-0856L V092300961Chiller Room Chiller 30 TON 1 2013 Carrier 30MPW03060A01005 4013021386Chiller Room Chiller 30 TON 1 2013 Carrier 30MPW03060A01005 4013021387Building exterior Chiller Inaccessible 1 2013 Inaccessible Inaccessible InaccessibleBuilding exterior Cooling Tower 52 TON 1 2013 BAC VTO-052-J U136549502-01Building exterior Cooling Tower 64 TON 1 2019 Baltimore Aircoil Com VC1-90P U190780601-0Building exterior Split System 1.5 TON 1 2011 Carrier 38YRA018340 1105E47566Roof Split System 2 TON 1 Unknown Inaccessible Inaccessible InaccessibleRoof Split System Ductless 2.5 TON 1 Unknown Sanyo C3032 0001623Office Split System Ductless No dataplate TON 1 Unknown Mitsubishi Electric No dataplate No dataplateBuilding exterior Split System Ductless 3 TON 1 Unknown Turbo Air Inaccessible InaccessibleBuilding exterior Split System Ductless 2.5 TON 1 Unknown Sanyo C3032 0026603Building exterior Split System Ductless 1 TON 1 2006 Sanyo CL1271 0045662Roof Split System Ductless 5 TON 1 2017 Mitsubishi Electric PUMY-P60NKMU1 7YU03490ARoof Split System Ductless 3 TON 1 Unknown Fujitsu AOU36RLXB FTN015589Building exterior Pump 5 HP 1 2023 WEG 00518ET3E184JM-W22 1081436237Chiller Pump 15 HP 1 2003 Super Eagle EM2333T C0305290191Chiller Room Pump 5 HP 1 2023 WEG 00518ET3E184JM-W22 No dataplateChiller Pump 15 HP 1 2003 Super Eagle EM2333T C0302170037Mechanical room Air Handler No dataplate CFM 1 1971 Carrier 39CB1301U420 InaccessibleMechanical room Air Handler No dataplate CFM 1 1971 Carrier 39CB1301U420 711700771Roof Air Handler 13000 CFM 1 2013 Trane CSAA030UAF00 K13H77767Roof Packaged Unit Inaccessible TON 1 Unknown Inaccessible Inaccessible InaccessibleRoof Packaged Unit 5 TON 1 2018 Carrier 50TCQA06A2A6A0A0A0 1810G40377 0HFKDQLFDO,QYHQWRU\&LW\+DOO&RPSOH[3ROLFH/LEUDU\ )$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[+
(QHUJ\&RQVHUYDWLRQ0HDVXUHV&DOFXODWLRQV
Property of BV, All Rights Reserved
Number of Males 20
Number of Females 20
Number of Occupied Days Per Week (Max 7) 7
Number of Occupied Weeks/Year (Max 52) 52
Number of Urinals To Be Retrofitted 3
Number of Water Closets To Be Retrofitted 7
No. of Water Closets With Separate Flush Tank 0
(Typical Residential Type)
Estimated Restroom Usage/Individual/Day 4 (Select)
Default is 4 Uses/Day For Residential/Office
Do you want to make any changes to the Urinals? Yes
Estimated Existing Use of Urinal/Day/Man 80%
Existing Gallons Per Flush Ratings For Urinal Flushes 1.60 GPF Proposed Urinal
GPF of Proposed Urinal Flush Valve** 0.125 GPF
**(1992 EpACT Energy Act Mandates 1.0GPF Max on Urinals) Tankless Water Closets
Do you want to make any changes to the Water Closets? Yes Existing Gallons Per Flush Ratings For Water Closet Flushes 1.60 GPF Are The Existing Water Closet Being Replaced? No
(If No; Then Only The Flush Valve Would Be Replaced With Dual Flush Retrofit Kit) No. of Tankless Water Closets 7
GPF of Proposed Dual Flush- Water Closet Valve* Solid Waste (20%) 1.60 GPF *(Federal Law Requires All Flushes Not To Exceed 1.6 GPF) Liquid Waste (80%) 0.48 GPF Estimated Annual Water Savings From Male Users 5.22 kGal Estimated Annual Water Savings From Female Users 26.09 kGal Water Savings Calculation
Water Savings By The Use of Low Flow Water Closet Flush Valves/Yr 31.31 kgal Water Savings By The Use of Low Flow Urinal Flush Valves/ Yr 34.36 kgal Total Annual Water Savings in kgal 65.67 kgal
Cost Savings Calculations
Enter Water Tariff Rate ($/1000Gal) $11.18
Estimated Cost Savings From Water $734
Estimated Cost of Retrofit
Material Cost for Low Flow Urinal(s) $446
Labor Cost for Installing New Urinal(s) $2,968
Material Cost For Replacing Existing Flush Valves With Low Flow - Dual Flush Valves $560 Labor Cost For Water Closet $802
(Up For Liquid Waste And Down For Solid Waste)
Estimated Total Cost For Retrofit $4,776
Simple Pay Back Period 6.51 Yrs
Type of Recommendation
(&0(;3/$1$7,21
6800$5<
,QLWLDO,QYHVWPHQW
6LPSOH3D\EDFN3HULRG
<UV
$QQXDO&RVW6DYLQJV
7KHKLJKHVWZDWHUXWLOL]DWLRQDWDQ\KRPHRIILFHRFFXUVLQWKHUHVWURRPV,WLVHVWLPDWHGWKDWRQDQ DYHUDJHDQRUPDOKXPDQEHLQJXVHVWKHUHVWURRPDWOHDVWIRXUWLPHVDGD\.HHSLQJZLWKWKHJOREDO ZDWHUFRQVHUYDWLRQREMHFWLYHVIHGHUDOODZSURKLELWVXVHRIDQ\QHZZDWHUFORVHWIOXVKHVRYHU *3)$WWKHVDPHWLPHWKHµ
(S$&7¶PDQGDWHVDOOQHZ8ULQDOVWRKDYHDPD[LPXP*3) IOXVKYDOYHVRQXULQDOV
%9UHFRPPHQGVUHSODFLQJDOOXULQDOVDERYH*3)ZLWKDQHZ*3)RUOHVVHUXULQDOV$WWKH VDPHWLPH%9DOVRUHFRPPHQGVUHSODFLQJDOOWKHZDWHUFORVHWVKDYLQJD*3)UDWLQJRIDQGRYHU ZLWKORZIORZZDWHUFORVHWIL[WXUHVHTXLSSHGZLWKGXDOIOXVKYDOYHV ,QFDVHWKHSURSHUW\GRHVQ¶WZLVKWRUHSODFHWKHHQWLUHZDWHUFORVHWIL[WXUHV%9UHFRPPHQGV UHWURILWWLQJDOOWKHWDQNOHVVZDWHUFORVHWIOXVKIL[WXUHVZLWKQHZGXDOIOXVKIL[WXUHVWKDWZRXOGUHVXOWLQD ZDWHUVDYLQJVSHUIOXVKIRUOLTXLGZDVWHVZKLOHUHWDLQLQJWKHVDPHIOXVKUDWHIRUVROLGZDVWHV Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY.
ECM FOR DETERMINING WATER SAVINGS IN COMMERCIAL PROPERTIES Urinal Water Savings
0.125 GPF -Wall Mount
Water Closet Water Savings
Water & Cost Saving Calculations
Capital Cost ECM Recommendation
UIC Install Low Flow Tankless Restroom Fixtures
EAP4 Location: Police Station
Attribute: Replace 3x; 1.6GPF urinals with 0.125 GPF -Wall Mount urinal and Retrofit 7x; 1.6 GPF toilets with dualflush flush vales Property of BV, All Rights Reserved
Select Type of Heating Fuel Existing Boiler Type:
No. of Heating Units To Be Replaced: 1 Qty
Rated Heating Capacity of Each Existing Boilers:
Estimated Actual Heating Fuel Used For Heating: 26,010 Therms Existing Average Annual Heating Plant Efficiency: 85% % Cost For Demolition of Existing Heating System: $1,638
Proposed Heating Fuel Proposed Boiler Type:
MBH Qty Total No. of New Boilers
Proposed Boiler Type-1 850 1 1 Qty
Proposed Boiler Type-2 00
Proposed Boiler Type-3 00
Proposed Heating Plant Efficiency: 95% %
Estimated Fuel Consumption With Improved Efficiency: 23,272 Therms Existing Annual Heating Cost: $58,262 Proposed Annual Heating Cost: $52,130 $ Annual Energy Cost Savings $6,133 Estimated Annual O&M Savings: $307 $ Total Annual Cost Savings: $6,440 $
Cost of Type-1 New Boilers (Material + Installation): $30,449 $ Cost of Type-2 New Boilers (Material + Installation): $0 $ Cost of Type-3 New Boilers (Material + Installation): $0 $ Total For Material +Installation+Demolition: $32,088 $
Estimated Engineering and Architecture Fees: $2,342 $
Install New Gas Line & Gas Meter? No
Estimated Cost For Installing New Gas Line & Gas Meter : $0 $ (The Above Cost is the cost for gas pipeline from gas meter to heating plant only ie. within the property) Estimated Cost For Extending Gas Pipeline To The Property: $ Estimated Total Cost For Replacing All Heating Plants: $34,430 $ Simple Payback: 5.35 years
Type of Recommendation
(&0'(6&5,37,21
6800$5<
,QLWLDO,QYHVWPHQW
6LPSOH3D\EDFN
<UV
(QHUJ\&RVW6DYLQJ
UIC Replace Inefficient Heating Plant
EAH1A Location: Police Station
Financial Analysis
Attributes: Replace (1x) Condensing Boiler boiler(s) with (1x) 95% efficient Condensing Boiler Existing System
Natural Gas Condensing Boiler
501-1000 MBH
Proposed Heating System
Natural Gas Condensing Boiler
Capital Cost ECM Recommendation
Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY. 6WDQGDUGERLOHUVRQWKHPDUNHWJHQHUDOO\DWWDLQRSHUDWLQJHIILFLHQFLHVDURXQG 2XWSXW0%+
,QSXW0%+
7KHRSHUDWLQJHIILFLHQFLHVIRUFRQGHQVLQJERLOHUVDUHDERYH DQGUHGXFHWKHHQHUJ\
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roperty of BV, All Rights Reserved
Select Type of Heating Fuel Existing Boiler Type:
No. of Heating Units To Be Replaced: 1 Qty
Rated Heating Capacity of Each Existing Boilers:
Estimated Actual Heating Fuel Used For Heating: 19,656 Therms Existing Average Annual Heating Plant Efficiency: 78% % Cost For Demolition of Existing Heating System: $1,638
Proposed Heating Fuel Proposed Boiler Type:
MBH Qty Total No. of New Boilers
Proposed Boiler Type-1 650 1 1 Qty
Proposed Boiler Type-2 00
Proposed Boiler Type-3 00
Proposed Heating Plant Efficiency: 95% %
Estimated Fuel Consumption With Improved Efficiency: 16,139 Therms Existing Annual Heating Cost: $44,029 Proposed Annual Heating Cost: $36,150 $ Annual Energy Cost Savings $7,879 Estimated Annual O&M Savings: $394 $ Total Annual Cost Savings: $8,273 $
Cost of Type-1 New Boilers (Material + Installation): $34,725 $ Cost of Type-2 New Boilers (Material + Installation): $0 $ Cost of Type-3 New Boilers (Material + Installation): $0 $ Total For Material +Installation+Demolition: $36,364 $
Estimated Engineering and Architecture Fees: $2,655 $
Install New Gas Line & Gas Meter? No
Estimated Cost For Installing New Gas Line & Gas Meter : $0 $ (The Above Cost is the cost for gas pipeline from gas meter to heating plant only ie. within the property) Estimated Cost For Extending Gas Pipeline To The Property: $ Estimated Total Cost For Replacing All Heating Plants: $39,018 $ Simple Payback: 4.72 years
Type of Recommendation
(&0'(6&5,37,21
6800$5<
,QLWLDO,QYHVWPHQW
6LPSOH3D\EDFN
<UV
(QHUJ\&RVW6DYLQJ
Financial Analysis
Replace Inefficient Heating Plant
Location: Police Station
Condensing Boiler
Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY.
Natural Gas
Natural Gas
6WDQGDUGERLOHUVRQWKHPDUNHWJHQHUDOO\DWWDLQRSHUDWLQJHIILFLHQFLHVDURXQG 2XWSXW0%+
,QSXW0%+
7KHRSHUDWLQJHIILFLHQFLHVIRUFRQGHQVLQJERLOHUVDUHDERYH DQGUHGXFHWKHHQHUJ\
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apital Cost ECM Recommendation
Cast Iron
Existing System
501-1000 MBH
Proposed Heating System
UIC
EAH1A
Attributes: Replace (1x) Cast Iron boiler(s) with (1x) 95% efficient Condensing Boiler UIC
EAP2-b
Attributes:
Property Type: Commercial Estimated No. of Operational Weeks 52 Number of Occupied Days/Week (Max 7) 7
Number of Occupants Affected By Retrofit 140 Number of Occupants Affected by Retrofit 40 Do You Want To Replace Kitchen Faucets Aerators No (Select) Do You Want To Replace Bathroom Faucets Aerators Yes (Select) Total Number of Faucet Aerators To Be Replaced 3 Total Number of Faucet Aerators To Be Replaced 7 Total Number of Faucets To Be Replaced: 0 Total Number of Faucets To Be Replaced: 0 GPM of Existing Faucet Aerators 2 GPM GPM of Existing Faucet Aerators 1.5 GPM GPM of Proposed Faucet Aerator 1 GPM GPM of Proposed Faucet Aerator 0.5 GPM Estimated Number of Uses Per Day 4 Estimated Number of Uses Per Day 5 Annual Water Savings From Installing Low Flow Aerators: kGal Select Type of Water Heater Fuel: Natural Gas (Select) Property Location in United States Energy Factor of Domestic Hot Water Heater: 0.80 EF Heating Fuel Tariff $2.24 $/Therm Hot Water Discharge Temperature at Faucet 109.00 °F Water Tariff ($/1000 Gal) $11.18 $/kGal Equivalent Heating Fuel Savings: 24 Therms Annual Cost Savings In Form of Water $78 $ Savings Discounted by 15% to Account For Cold Water Use Annual Water Savings
kGal Annual Energy Savings From Water Heater $54 $
Estimated Material Cost $80 Estiamted Labor Cost $77
Estimated Total Annual Cost Savings $132 $$ Estimated Total Installation Cost $157 $$ Simple Payback Period 1.19 Years Type of Recommendation (&0(;3/$1$7,21
6XPPDU\
,QLWLDO,QYHVWPHQW
(VWLPDWHG$QQXDO&RVW6DYLQJV
6LPSOH3D\EDFN3HULRG
<UV
No/Low Cost ECM Recommendation
Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY. %\UHGXFLQJWKHIORZRIZDWHUFRPLQJIURPWKHUHVWURRPIDXFHWVDHUDWRUVFDQJHQHUDWHHQHUJ\VDYLQJVDWORZFRVWDQGZLWKHDV\LQVWDOODWLRQ7KHVDYLQJVJHQHUDWHG ZRXOGEHLQWKHIRUPRIUHGXFHGZDWHUDQGVHZHUFRVWVDQGDWWKHVDPHWLPHDHUDWRUVZRXOGVDYHHQHUJ\E\UHGXFLQJWKHGHPDQGIRUKRWZDWHU7KHDYHUDJHIDXFHWKDVD IORZUDWHRIDERXWWR*30$GGLQJDVFUHZLQIDXFHWDHUDWRUUHGXFHVWKHIORZWRWR*30LQWKHEDWKURRPDQG*30LQWKHNLWFKHQ,QDGGLWLRQWRVDYLQJ HQHUJ\DQGZDWHUWKH³IRDPLHU´ZDWHUWKDWFRPHVIURPIDXFHWDHUDWRUVZHWVREMHFWVEHWWHUWKDQZDWHUIURPDIDXFHWZLWKQRDHUDWRUZKLFKWHQGVWRERXQFHRIIWKHREMHFW UDWKHUWKDQWKRURXJKO\ZHWWLQJLW
%9UHFRPPHQGVUHSODFLQJWKHSURSRVHGIDXFHWDHUDWRUVZLWKQHZORZIORZDHUDWRUVDVPHQWLRQHGDERYH7KHSURSRVHG(&0VKDOODOVRUHVXOWLQDQDQQXDOHQHUJ\VDYLQJ LQIRUPRIUHGXFWLRQLQZDWHUKHDWLQJELOOV
6.99 WATER & ENERGY SAVING CALCULATION COST SAVING CALCULATION Southern Localities
COST BENEFIT ANALYSIS
Property of BV, All Rights Reserved
Install Low Flow Faucet Aerators
Location: Police Station
KITCHEN FAUCETS BATHROOM FAUCETS
Replace 3x 2GPM rated kitchen aerators with 1GPM WaterSense certified aerators Replace 7x 1.5GPM rated bathroom aerators with 0.5GPM WaterSense certified aerators Property of BV, All Rights Reserved
Number of Males 50
Number of Females 50
Number of Occupied Days Per Week (Max 7) 5
Number of Occupied Weeks/Year (Max 52) 52
Number of Urinals To Be Retrofitted 0
Number of Water Closets To Be Retrofitted 8
No. of Water Closets With Separate Flush Tank 0
(Typical Residential Type)
Estimated Restroom Usage/Individual/Day 5 (Select)
Default is 4 Uses/Day For Residential/Office
Do you want to make any changes to the Urinals? No
Estimated Existing Use of Urinal/Day/Man 80%
Existing Gallons Per Flush Ratings For Urinal Flushes GPF Proposed Urinal
GPF of Proposed Urinal Flush Valve** 0.000 GPF
**(1992 EpACT Energy Act Mandates 1.0GPF Max on Urinals) Tankless Water Closets
Do you want to make any changes to the Water Closets? Yes Existing Gallons Per Flush Ratings For Water Closet Flushes 1.28 GPF Are The Existing Water Closet Being Replaced? No
(If No; Then Only The Flush Valve Would Be Replaced With Dual Flush Retrofit Kit) No. of Tankless Water Closets 8
GPF of Proposed Dual Flush- Water Closet Valve* Solid Waste (20%) 1.28 GPF *(Federal Law Requires All Flushes Not To Exceed 1.6 GPF) Liquid Waste (80%) 0.38 GPF Estimated Annual Water Savings From Male Users 46.59 kGal Estimated Annual Water Savings From Female Users 46.59 kGal Water Savings Calculation
Water Savings By The Use of Low Flow Water Closet Flush Valves/Yr 93.18 kgal Water Savings By The Use of Low Flow Urinal Flush Valves/ Yr 0.00 kgal Total Annual Water Savings in kgal 93.18 kgal
Cost Savings Calculations
Enter Water Tariff Rate ($/1000Gal) $11.18
Estimated Cost Savings From Water $1,042
Estimated Cost of Retrofit
Material Cost for Low Flow Urinal(s) $0
Labor Cost for Installing New Urinal(s) $0
Material Cost For Replacing Existing Flush Valves With Low Flow - Dual Flush Valves $640 Labor Cost For Water Closet $917
(Up For Liquid Waste And Down For Solid Waste)
Estimated Total Cost For Retrofit $1,557
Simple Pay Back Period 1.49 Yrs
Type of Recommendation
(&0(;3/$1$7,21
6800$5<
,QLWLDO,QYHVWPHQW
6LPSOH3D\EDFN3HULRG
<UV
$QQXDO&RVW6DYLQJV
UIC
EAP4
ECM FOR DETERMINING WATER SAVINGS IN COMMERCIAL PROPERTIES Urinal Water Savings
Water Closet Water Savings
Water & Cost Saving Calculations
Capital Cost ECM Recommendation
Install Low Flow Tankless Restroom Fixtures
Location: City Library
%9UHFRPPHQGVUHSODFLQJDOOXULQDOVDERYH*3)ZLWKDQHZ*3)RUOHVVHUXULQDOV$WWKH VDPHWLPH%9DOVRUHFRPPHQGVUHSODFLQJDOOWKHZDWHUFORVHWVKDYLQJD*3)UDWLQJRIDQGRYHU ZLWKORZIORZZDWHUFORVHWIL[WXUHVHTXLSSHGZLWKGXDOIOXVKYDOYHV 7KHKLJKHVWZDWHUXWLOL]DWLRQDWDQ\KRPHRIILFHRFFXUVLQWKHUHVWURRPV,WLVHVWLPDWHGWKDWRQDQ DYHUDJHDQRUPDOKXPDQEHLQJXVHVWKHUHVWURRPDWOHDVWIRXUWLPHVDGD\.HHSLQJZLWKWKHJOREDO ZDWHUFRQVHUYDWLRQREMHFWLYHVIHGHUDOODZSURKLELWVXVHRIDQ\QHZZDWHUFORVHWIOXVKHVRYHU *3)$WWKHVDPHWLPHWKHµ
(S$&7¶PDQGDWHVDOOQHZ8ULQDOVWRKDYHDPD[LPXP*3) IOXVKYDOYHVRQXULQDOV
-
Attribute: Retrofit 8x; 1.28 GPF toilets with dual-flush flush vales ,QFDVHWKHSURSHUW\GRHVQ¶WZLVKWRUHSODFHWKHHQWLUHZDWHUFORVHWIL[WXUHV%9UHFRPPHQGV UHWURILWWLQJDOOWKHWDQNOHVVZDWHUFORVHWIOXVKIL[WXUHVZLWKQHZGXDOIOXVKIL[WXUHVWKDWZRXOGUHVXOWLQD ZDWHUVDYLQJVSHUIOXVKIRUOLTXLGZDVWHVZKLOHUHWDLQLQJWKHVDPHIOXVKUDWHIRUVROLGZDVWHV Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY.
UIC
EAP2
Attributes:
Property Type: Commercial Estimated No. of Operational Weeks 52 Number of Occupied Days/Week (Max 7) 5
Number of Occupants Affected By Retrofit 100 Number of Occupants Affected by Retrofit 100 Do You Want To Replace Kitchen Faucets Aerators Yes (Select) Do You Want To Replace Bathroom Faucets Aerators Yes (Select) Total Number of Faucet Aerators To Be Replaced 5 Total Number of Faucet Aerators To Be Replaced 1 Total Number of Faucets To Be Replaced: 0 Total Number of Faucets To Be Replaced: 0 GPM of Existing Faucet Aerators 2 GPM GPM of Existing Faucet Aerators 1.5 GPM GPM of Proposed Faucet Aerator 1 GPM GPM of Proposed Faucet Aerator 0.5 GPM Estimated Number of Uses Per Day 5 Estimated Number of Uses Per Day 5 Annual Water Savings From Installing Low Flow Aerators: kGal Select Type of Water Heater Fuel: Natural Gas (Select) Property Location in United States Energy Factor of Domestic Hot Water Heater: 0.63 EF Heating Fuel Tariff $2.24 $/Therm Hot Water Discharge Temperature at Faucet 105.00 °F Water Tariff ($/1000 Gal) $11.18 $/kGal Equivalent Heating Fuel Savings: 98 Therms Annual Cost Savings In Form of Water $279 $ Savings Discounted by 15% to Account For Cold Water Use Annual Water Savings
kGal Annual Energy Savings From Water Heater $220 $
Estimated Material Cost $48 Estiamted Labor Cost $46
Estimated Total Annual Cost Savings $499 $$ Estimated Total Installation Cost $94 $$ Simple Payback Period 0.19 Years Type of Recommendation (&0(;3/$1$7,21
6XPPDU\
,QLWLDO,QYHVWPHQW
(VWLPDWHG$QQXDO&RVW6DYLQJV
6LPSOH3D\EDFN3HULRG
<UV
Property of BV, All Rights Reserved
Install Low Flow Faucet Aerators
KITCHEN FAUCETS BATHROOM FAUCETS
Location: City Library
Replace 5x 2GPM rated kitchen aerators with 1GPM WaterSense certified aerators Replace 1x 1.5GPM rated bathroom aerators with 0.5GPM WaterSense certified aerators %\UHGXFLQJWKHIORZRIZDWHUFRPLQJIURPWKHUHVWURRPIDXFHWVDHUDWRUVFDQJHQHUDWHHQHUJ\VDYLQJVDWORZFRVWDQGZLWKHDV\LQVWDOODWLRQ7KHVDYLQJVJHQHUDWHG ZRXOGEHLQWKHIRUPRIUHGXFHGZDWHUDQGVHZHUFRVWVDQGDWWKHVDPHWLPHDHUDWRUVZRXOGVDYHHQHUJ\E\UHGXFLQJWKHGHPDQGIRUKRWZDWHU7KHDYHUDJHIDXFHW KDVDIORZUDWHRIDERXWWR*30$GGLQJDVFUHZLQIDXFHWDHUDWRUUHGXFHVWKHIORZWRWR*30LQWKHEDWKURRPDQG*30LQWKHNLWFKHQ,QDGGLWLRQWR VDYLQJHQHUJ\DQGZDWHUWKH³IRDPLHU´ZDWHUWKDWFRPHVIURPIDXFHWDHUDWRUVZHWVREMHFWVEHWWHUWKDQZDWHUIURPDIDXFHWZLWKQRDHUDWRUZKLFKWHQGVWRERXQFHRII WKHREMHFWUDWKHUWKDQWKRURXJKO\ZHWWLQJLW
24.96 Southern Localities
%9UHFRPPHQGVUHSODFLQJWKHSURSRVHGIDXFHWDHUDWRUVZLWKQHZORZIORZDHUDWRUVDVPHQWLRQHGDERYH7KHSURSRVHG(&0VKDOODOVRUHVXOWLQDQDQQXDOHQHUJ\ VDYLQJLQIRUPRIUHGXFWLRQLQZDWHUKHDWLQJELOOV
WATER & ENERGY SAVING CALCULATION COST SAVING CALCULATION
COST BENEFIT ANALYSIS
No/Low Cost ECM Recommendation
Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY.
UIC
EAP3
Attribute:
Total Occupants: 100
Number of Water Closets To Be Replaced 1
Number of Occupied Days Per Week (Max 7) 5
Number of Occupied Weeks/Year (Max 52) 52
Estimated Restroom Usage/Individual/Day 5 (Select)
5.05 flushes/person/day@American Water Works Association (AWWA) Existing Gallons Per Flush Ratings For Water Closet Flushes 1.28 GPF Replace or Retrofit Toilets With Dual Flush Toilets Retrofit 5HSODFH
Proposed Toilet
GPF of Proposed New Low Flow Water Closet Fixture* - GPF 5HWURILW
Dual Flush - Retrofit Setup Valve for Flush Tank Toilet Solid Waste (20%) 1.28 GPF *(Federal Law Requires All Flushes Not To Exceed 1.6 GPF) Liquid Waste (80%) 1.02 GPF Water Savings By The Use of Low Flow Water Closet Flush Valves/Day 102.40 gal Total Annual Water Savings in gallons 26.62 kgal
Cost Savings Calculations
Enter Water Tariff Rate ($/1000Gal) $11.18 $
Estimated Cost Savings From Water $298 $
Estimated Cost of Retrofit
Estimated Total Cost For Retrofit Material $24 Total $139 $ Labor $115
Simple Pay Back Period 0.47 Yrs
Type of Recommendation
(&0(;3/$1$7,21
6XPPDU\
,QLWLDO,QYHVWPHQW
6LPSOH3D\EDFN
<HDUV
$QQXDO&RVW6DYLQJV
No/Low Cost ECM Recommendation
7KHKLJKHVWZDWHUXWLOL]DWLRQDWDQ\KRPHRIILFHRFFXUVLQWKHUHVWURRPV,WLVHVWLPDWHGWKDWRQDQ DYHUDJHDQRUPDOKXPDQEHLQJXVHVWKHUHVWURRPDWOHDVWIRXUWLPHVDGD\.HHSLQJZLWKWKH JOREDOZDWHUFRQVHUYDWLRQREMHFWLYHVIHGHUDOODZSURKLELWVXVHRIDQ\QHZZDWHUFORVHWIOXVKHV RYHU*3)
([LVWLQJWRLOHWVFDQEHUHWURILWWHGZLWKSUHVVXUHDVVLVWHGIOXVKWHFKQRORJ\WRUHGXFHWKHIOXVKUDWH WR*3)RUOHVV7KRXJKZDWHUHIILFLHQWWKHVHWRLOHWVPDNHFRQVLGHUDEOHDPRXQWRIQRLVHDV WKLVLQYROYHVUHOHDVHRISUHVVXUL]HGDLUGXULQJWKHFRXUVHRIIOXVKLQJ7KXVPDNLQJWKHP XQSRSXODUDPRQJUHVLGHQWLDOSURSHUWLHV
7KXV%9UHFRPPHQGVUHSODFLQJWKHH[LVWLQJKLJKIORZWRLOHWVZLWKQHZORZIORZ*3)UDWHG IOXVKWDQNWRLOHWVZKLFKDUHFRPSDUDWLYHO\PRUHZDWHUHIILFLHQWDWWKHVDPHWLPHFRQVLGHUDEO\ TXLWHUDVFRPSDUHGWRWKHSUHVVXUHDVVLVWHGWHFKQRORJ\UHWURILWWHGWRLOHWV Property of BV, All Rights Reserved
Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY.
Retrofit Flush Tank Toilets to Dual Flush
Location: Library
EXISTING CONDITION
PROPOSED RETROFIT/REPLACEMENT
Water & Cost Saving Calculations
Retrofit 1x 1.28GPF toilets to dual-flush
UIC
EAC5
Attributes:
Select Type of Heating Fuel (Select)
Select The Number of Outside Air Temperature Controls To Be Installed: 1 Estimate Actual Heating Fuel Used Annually 19,656 Therms Total Estimated Energy Savings By Use of OA Temperature Reset Control: 15% Estimated New Heating Fuel Consumption With Improved System Efficiency: 16,708 Therms Estimated Annual Heating Fuel Savings: 2,948 Therms
Cost Per Unit of Heating Fuel: $2.24 $/Therm
Estimated Annual Cost Savings: $6,604
Installed cost of a OA Reset controller: $1,213
Simple Payback: 0.18 years
Type of Recommendation
(&0'(6&5,37,21
6800$5<
,QLWLDO,QYHVWPHQW 6LPSOH3D\EDFN
(QHUJ\&RVW6DYLQJV
Property of BV, All Rights Reserved
Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY.
Capital Cost ECM Recommendation
Install Outside Air Temperature Reset Controls For Hot Water Boilers Location: Police Station
+9$&HTXLSPHQWLVXVXDOO\VL]HGWRPHHWFRQGLWLRQVDWWKHGHVLJQSHDNORDG+RWZDWHUWHPSHUDWXUHVHWSRLQWVDUHDOVR FKRVHQWRPHHWWKHGHVLJQORDG+RZHYHUGXULQJPRVWKRXUVRIRSHUDWLRQWKHHTXLSPHQWRSHUDWHVDWSDUWORDG8VHRI GHVLJQVHWSRLQWVRQZDWHUORRSVDWSDUWORDGUHVXOWVLQXQQHFHVVDU\WKHUPDOORVVHVDQGHTXLSPHQWLQHIILFLHQFLHV 5HVHWWLQJWKHVHWSRLQWUHGXFHVHQHUJ\FRQVXPSWLRQE\PDWFKLQJKRWZDWHUVXSSO\VHWSRLQWVWRWKHDFWXDOHTXLSPHQW ORDG
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atural Gas
Install OA sesnsors on (1x) boiler(s)
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[,
/LJKWLQJ6\VWHP6FKHGXOH
HOME CONNECT::Project Name
HOME
CONNECT::Proj
ect_Number
HOME CONNECT::Assessor
Name Bldg_ID BUILDING
::Name
Glendora, City of - FCA 158691.23R000 Carl.Alejandro@bureauveritas 926.00 Finkbiner P Glendora, City of - FCA 158691.23R000 Carl.Alejandro@bureauveritas 926.00 Finkbiner P Glendora, City of - FCA 158691.23R000 Carl.Alejandro@bureauveritas 927.00 Finkbiner P Glendora, City of - FCA 158691.23R000 Carl.Alejandro@bureauveritas 927.00 Finkbiner P Spaces
Asset::ho
ursPerWe
ekOperati
Initial_Int
erview::H
ours_ope
ration_hr
Initial_Int
erview::H
ours_ope
ration_w
Spaces
Asset::LU
X
Spaces
Asset::hu
midity
Spaces
Asset::commen
ts
photoNa
mesAC ID portalTXTFullName
60 28.00 52.00 122483 D50 Lighting
60 28.00 52.00 122484 D50 Lighting
60.00 28.00 52.00 122365 D50 Lighting
60.00 28.00 52.00 2023-12-14 122378 D50 Lighting
Convert
Label Helper_Label Quantity Quantity_U
nit Location_Description
Troffer - Surface Mounted Di Troffer - Surface Mounted 1.00 EA Main Room Troffer - Surface Mounted Di Troffer - Surface Mounted 1.00 EA Main Room Troffer - Surface Mounted In Troffer - Surface Mounted 1.00 EA Troffer - Surface Mounted In Troffer - Surface Mounted 1.00 EA Youth Center all values to Number
Capacity Capacity_U
nit
Notes_priva
te flag_Issue flag_ECM
EnergyFields
Print::lightin
gExistingCon
trol
EnergyFields
Print::lightin
gTechnology
EnergyFields
Print::lightin
gSubTechno
logy
EnergyFields
Print::lightin
gLampType
Light Switch Linear Fluore T12 4' 34W T12
0.00 0.00 Light Switch Linear Fluore T8 4' 32W T8
Light Switch Linear Fluore T8 4' 32W T8
Light Switch Linear Fluore T8 2' 17W T8
EnergyFieldsPri
nt::lightingLam
pBase
EnergyFieldsPr
int::lightingBal
lastType
EnergyFieldsPri
nt::lightingLam
pPerFixture
EnergyFieldsPrint
::lightingTotalFixt
ureQuantity
EnergyFieldsPrint::
lightingEmergency
Fixture
EnergyFieldsPrint::
lightingBatteryBac
kupBallastQuantit
y
G13 Electronic 2 8 No 0.00
G13 Electronic 2 3 No 0.00
Electronic 2 4 No 0.00
G13 Electronic 2 4 No 0.00
EnergyFieldsPr
int::lightingBil
evelFixture
EnergyFieldsPri
nt::lightingFixt
ureHeight
EnergyFields
Print::lightin
gLiftType
EnergyField
sPrint::plum
bingControl
EnergyFields
Print::plumb
ingWaterTe
mp
EnergyFields
Print::plumb
ingToilet
EnergyFieldsPri
nt::plumbingTo
iletRoughinTyp
e
EnergyFieldsPri
nt::plumbingTo
iletRoughinDist
ance1
No 10-15 Ladder
No 10-15 Ladder
No шϵ Ladder
No шϵ Ladder
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[-
(QHUJ\$XGLW*ORVVDU\RI7HUPV
)$&,/,7,(6&21',7,21$66(660(17(1(5*<$8',7
&,7<+$//&203/(;32/,&(/,%5$5<%85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
*ORVVDU\RI7HUPVDQG$FURQ\PV
(&0±(QHUJ\&RQVHUYDWLRQ0HDVXUHVDUHSURMHFWVUHFRPPHQGHGWRUHGXFHHQHUJ\FRQVXPSWLRQ7KHVHFDQEH1R/RZ FRVWLWHPVLPSOHPHQWHGDVSDUWRIURXWLQHPDLQWHQDQFHRU&DSLWDO&RVWLWHPVWREHLPSOHPHQWHGDVDFDSLWDOLPSURYHPHQW SURMHFW
,QLWLDO,QYHVWPHQW±7KHHVWLPDWHGFRVWRILPSOHPHQWLQJDQ(&0SURMHFW(VWLPDWHVW\SLFDOO\DUHEDVHGRQ560HDQV &RQVWUXFWLRQFRVWGDWDDQG,QGXVWU\6WDQGDUGV
$QQXDO(QHUJ\6DYLQJV±7KHUHGXFWLRQLQHQHUJ\FRQVXPSWLRQDWWULEXWDEOHWRWKHLPSOHPHQWDWLRQRIDSDUWLFXODU(&0 7KHVHVDYLQJVYDOXHVGRQRWLQFOXGHWKHLQWHUDFWLYHHIIHFWVRIRWKHU(&0V &RVW6DYLQJV±7KHH[SHFWHGUHGXFWLRQLQXWLOLW\RUHQHUJ\FRVWVDFKLHYHGWKURXJKWKHFRUUHVSRQGLQJUHGXFWLRQLQHQHUJ\ FRQVXPSWLRQE\LPSOHPHQWDWLRQRIDQ(&0
6LPSOH3D\EDFN3HULRG±7KHQXPEHURI\HDUVUHTXLUHGIRUWKHFXPXODWLYHYDOXHRIHQHUJ\RUZDWHUFRVWVDYLQJVOHVV IXWXUHQRQIXHORUQRQZDWHUFRVWVWRHTXDOWKHLQYHVWPHQWFRVWVRIWKHEXLOGLQJHQHUJ\RUZDWHUV\VWHPZLWKRXW FRQVLGHUDWLRQRIGLVFRXQWUDWHV
(8/±([SHFWHG8VHIXO/LIHLVWKHHVWLPDWHGOLIHVSDQRIDW\SLFDOSLHFHRIHTXLSPHQWEDVHGRQLQGXVWU\DFFHSWHG VWDQGDUGV
58/±5HPDLQLQJ8VHIXO/LIHLVWKH(8/PLQXVWKHHIIHFWLYHDJHRIWKHHTXLSPHQWDQGUHIOHFWVWKHHVWLPDWHGQXPEHURI RSHUDWLQJ\HDUVUHPDLQLQJIRUWKHLWHP
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
D
,QYHVWPHQWFRVWVOHVVVDOYDJHYDOXHVDWWKHHQGRIWKHVWXG\ SHULRG
E
1RQIXHORSHUDWLRQDQGPDLQWHQDQFHFRVWV
F
5HSODFHPHQWFRVWVOHVVVDOYDJHFRVWVRIUHSODFHGEXLOGLQJ V\VWHPV
DQG
G
(QHUJ\DQGRUZDWHUFRVWV
/LIH&\FOH6DYLQJV±7KHVXPRIWKHHVWLPDWHGDQQXDOFRVWVDYLQJVRYHUWKH(8/RIWKHUHFRPPHQGHG(&0H[SUHVVHGLQ SUHVHQWYDOXHGROODUV
%XLOGLQJ6LWH(QHUJ\8VH,QWHQVLW\7KHVXPRIWKHWRWDOVLWHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVVEXLOGLQJ DUHD6LWHHQHUJ\DFFRXQWVIRUDOOHQHUJ\FRQVXPHGDWWKHEXLOGLQJORFDWLRQRQO\QRWWKHHQHUJ\FRQVXPHGGXULQJ JHQHUDWLRQDQGWUDQVPLVVLRQRIWKHHQHUJ\WRWKHVLWH %XLOGLQJ6RXUFH(QHUJ\8VH,QWHQVLW\±7KHVXPRIWKHWRWDOVRXUFHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVV EXLOGLQJDUHD6RXUFHHQHUJ\LVWKHHQHUJ\FRQVXPHGGXULQJJHQHUDWLRQDQGWUDQVPLVVLRQLQVXSSO\LQJWKHHQHUJ\WR\RXU VLWH
%XLOGLQJ&RVW,QWHQVLW\7KLVPHWULFLVWKHVXPRIDOOHQHUJ\XVHFRVWVLQGROODUVSHUXQLWRIJURVVEXLOGLQJDUHD *UHHQKRXVH *DV (PLVVLRQV $OWKRXJK WKHUH DUH QXPHURXV JDVHV WKDW DUH FODVVLILHG DV FRQWULEXWRUV WR WKH WRWDO IRU *UHHQKRXVH (PLVVLRQV WKH VFRSH RI WKLV HQHUJ\ DXGLW IRFXVHV RQ FDUERQ GLR[LGH &2
&DUERQ GLR[LGH HQWHUV WKH
DWPRVSKHUHWKURXJKWKHEXUQLQJRIIRVVLOIXHOV
RLOQDWXUDOJDVDQGFRDO
VROLGZDVWHWUHHVDQGZRRGSURGXFWVDQGDOVR
DVDUHVXOWRIRWKHUFKHPLFDOUHDFWLRQV
HJPDQXIDFWXUHRIFHPHQW
3D\13OD\5DFTXHWEDOO
:HVW'DZVRQ$YHQXH
*OHQGRUD&DOLIRUQLD
)$&,/,7<&21',7,21$66(660(17
prepared for
&LW\RI*OHQGRUD
(DVW)RRWKLOO%RXOHYDUG
*OHQGRUD&DOLIRUQLD
0LFKDHO6OHGG
35(3$5('%<
Bureau Veritas
6021 University Boulevard, Suite 200
Ellicott City, Maryland 21043
800.733.0660
www.us.bureauveritas.com
%9&217$&7
Mary Venable
Program Manager
800.733.0660 x 7292719
[email protected]
%9352-(&7
158691.23R000-012.379
'$7(2)5(3257
February 2, 2024
216,7('$7(
November 10, 2023
Bureau Veritas
8QLYHUVLW\%RXOHYDUG6XLWH_(OOLFRWW&LW\0DU\ODQG_ZZZXVEXUHDXYHULWDVFRP_S 3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7$%/(2)&217(176
([HFXWLYH6XPPDU\ 3URSHUW\2YHUYLHZDQG$VVHVVPHQW'HWDLOV 6LJQLILFDQW6\VWHPLF)LQGLQJVDQG'HILFLHQFLHV )DFLOLW\&RQGLWLRQ,QGH[
)&,
,PPHGLDWH1HHGV .H\)LQGLQJV 3ODQ7\SHV %XLOGLQJDQG6LWH,QIRUPDWLRQ 3URSHUW\6SDFH8VHDQG2EVHUYHG$UHDV $'$$FFHVVLELOLW\ 3XUSRVHDQG6FRSH 2SLQLRQVRI3UREDEOH&RVWV 0HWKRGRORJ\ 'HILQLWLRQV (QHUJ\$XGLW (QHUJ\&RQVHUYDWLRQ0HDVXUHV
8WLOLW\$QDO\VLV (OHFWULFLW\ :DWHUDQG6HZHU (QHUJ\6WDU3RUWIROLR0DQDJHU)DFLOLW\6XPPDU\ 2SHUDWLRQV 0DLQWHQDQFH3ODQ &HUWLILFDWLRQ $SSHQGLFHV 3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
([HFXWLYH6XPPDU\
3URSHUW\2YHUYLHZDQG$VVHVVPHQW'HWDLOV
*HQHUDO,QIRUPDWLRQ
3URSHUW\7\SH 5DFTXHWEDOO&RXUWV
0DLQ$GGUHVV :HVW'DZVRQ$YHQXH*OHQGRUD&DOLIRUQLD
6LWH'HYHORSHG
6LWH$UHD
DFUHV
HVWLPDWHG
3DUNLQJ6SDFHV
HVWLPDWHG
WRWDOVSDFHVDOOLQRSHQORWV
WZRRIZKLFKDUHDFFHVVLEOH
%XLOGLQJ$UHD 6)
1XPEHURI6WRULHV 2QHDERYHJUDGH
2XWVLGH2FFXSDQWV/HDVHG6SDFHV 1RQH
'DWH
V
RI9LVLW 1RYHPEHU
0DQDJHPHQW3RLQWRI&RQWDFW &LW\RI*OHQGRUD0LFKDHO6OHGG$VVLVWDQW3XEOLF:RUNV'LUHFWRU
PVOHGG#FLW\RIJOHQGRUDRUJ
2QVLWH3RLQWRI&RQWDFW
32&
+XJR6ROWHUR
$VVHVVPHQWDQG5HSRUW3UHSDUHG%\ 8VDPD$QZDU
5HYLHZHG%\ &DUO$OHMDQGUR
7HFKQLFDO5HYLHZHU
FDUODOHMDQGUR#EXUHDXYHULWDVFRP
[
$VVHW&DOF/LQN )XOOGDWDVHWIRUWKLVDVVHVVPHQWFDQEHIRXQGDW
KWWSV
ZZZDVVHWFDOFQHW
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
6LJQLILFDQW6\VWHPLF)LQGLQJVDQG'HILFLHQFLHV
+LVWRULFDO6XPPDU\
3D\13OD\5DFTXHWEDOOZDVGHYHORSHGLQ
,WLVDVHOIVHUYLFHUDFTXHWEDOOIDFLOLW\ORFDWHGDFURVVIURPWKH*OHQ2DNV *ROI&RXUVH7KHUHDUHILYHUDFTXHWEDOOFRXUWVWZRXWLOLW\FORVHWVDQGDXQLVH[UHVWURRPLQWKHEXLOGLQJ $UFKLWHFWXUDO
7KHURRIPHPEUDQHLVFRPSRVHGRIPXOWLSOHOD\HUVRIPRGLILHGELWXPHQZKLFKDSSHDUIUHHRIDQ\VLJQLILFDQWZHDWKHUGDPDJH RUZDWHUSRQGLQJFRQFHUQV6RPHPLQRUEXOJLQJLVVXHVZHUHREVHUYHG$ORZVORSHGURRIRYHUWKHH[WHULRUFRUULGRULVPDGH RIFOD\WLOHVWKDWVWLOODSSHDULQIDLUFRQGLWLRQ7KHEXLOGLQJIDoDGHLVILQLVKHGZLWKVWXFFRWKDWVWLOOKROGVLWVIDLUDSSHDUDQFH ,QWHULRUIORRUVIRUWKHUDFTXHWEDOOFRXUWVDUHILQLVKHGZLWKLQWHUORFNLQJWLOHVPDGHRISRO\SURS\OHQHUXEEHUSODVWLFPDWHULDO 7ZRRIWKHFRXUWVDUHFXUUHQWO\LQWKHSURFHVVRIFRPSOHWHIORRUUHILQLVKLQJ+LJK,PSDFWZDOOVDQGFHLOLQJSDQHOVDUHWKH RWKHUFRPSRQHQWVRIWKHFRXUWV\VWHP7KHLQWHULRUZDOOVDUHVWDLQHGWKURXJKRXWDQGUHFRPPHQGHGIRUUHSDLQWLQJ2YHUDOO HDFKDUFKLWHFWXUDOHOHPHQWRIWKHEXLOGLQJLVDQWLFLSDWHGIRUOLIHF\FOHUHSODFHPHQW 0HFKDQLFDO(OHFWULFDO3OXPELQJDQG)LUH
0(3)
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
6LWH
6LWHHOHPHQWVLQFOXGHFRQFUHWHVLGHZDONVDQGDQDVSKDOWSDYHGSDUNLQJORW/RQJLWXGLQDOFUDFNVDWYDULRXVORFDWLRQVLQWKH ORWDUHDKDYHGHYHORSHGWKDWDUHUHFRPPHQGHGIRUUHSDLU6RODUSDQHOVDUHLQVWDOOHGRQWKHH[LVWLQJFDUSRUWVWKDWVHUYHDV D VRXUFH RI UHQHZDEOH HQHUJ\ IRU WKH IDFLOLW\ 6KRUWWHUP DQG ORQJWHUP PDLQWHQDQFH FRVWV IRU PDLQWDLQLQJ WKH VLWH LQIUDVWUXFWXUHDUHLQFOXGHGLQWKHUHVHUYHWDEOHV
5HFRPPHQGHG$GGLWLRQDO6WXGLHV
7KHLQWHULRUZDOOVDQGIORRUVDUHLQSRRUFRQGLWLRQ7KHVXEVWUXFWXUHFRPSRQHQWVRIWKHEXLOGLQJH[KLELWHGVLJQVRIEXLOGLQJ PRYHPHQWDVLVRODWHGVHFWLRQVRIWKHLQWHULRUZDOOVDQGIORRUVKDYHGHYHORSHGORQJLWXGLQDOFUDFNV$SURIHVVLRQDOHQJLQHHU PXVWEH UHWDLQHGWRDQDO\]HWKHH[LVWLQJFRQGLWLRQSURYLGHUHFRPPHQGDWLRQVDQGLIQHFHVVDU\HVWLPDWHWKHVFRSHDQG FRVWRIDQ\UHTXLUHGUHSDLUV7KHFRVWRIWKLVVWXG\LVLQFOXGHGLQWKHFRVWWDEOHV$EXGJHWDU\FRVWDOORZDQFHWRUHSDLUWKH IRXQGDWLRQLVDOVRLQFOXGHG
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
)DFLOLW\&RQGLWLRQ,QGH[
)&,
2QHRIWKHPDMRUJRDOVRIWKH)&$LVWRFDOFXODWHHDFKEXLOGLQJ¶V)DFLOLW\&RQGLWLRQ,QGH[ )&,
ZKLFKSURYLGHVDWKHRUHWLFDO
REMHFWLYHLQGLFDWLRQRIDEXLOGLQJ¶VRYHUDOOFRQGLWLRQ%\GHILQLWLRQWKH)&,LVGHILQHGDVWKHUDWLRRIWKHFRVWRIFXUUHQWQHHGV GLYLGHGE\FXUUHQWUHSODFHPHQWYDOXH
&59
RIWKHIDFLOLW\7KHFKDUWEHORZSUHVHQWVWKHLQGXVWU\VWDQGDUGUDQJHVDQGFXW RIISRLQWV
)&,5DQJHVDQG'HVFULSWLRQ
± ,QQHZRUZHOOPDLQWDLQHGFRQGLWLRQZLWKOLWWOHRUQRYLVXDOHYLGHQFHRIZHDURUGHILFLHQFLHV ± 6XEMHFWHGWRZHDUEXWLVVWLOOLQDVHUYLFHDEOHDQGIXQFWLRQLQJFRQGLWLRQ ± 6XEMHFWHGWRKDUGRUORQJWHUPZHDU1HDULQJWKHHQGRILWVXVHIXORUVHUYLFHDEOHOLIH DQGDERYH +DVUHDFKHGWKHHQGRILWVXVHIXORUVHUYLFHDEOHOLIH5HQHZDOLVQRZQHFHVVDU\ 7KHGHILFLHQFLHVDQGOLIHF\FOHQHHGVLGHQWLILHGLQWKLVDVVHVVPHQWSURYLGHWKHEDVLVIRUDSRUWIROLRZLGHFDSLWDOLPSURYHPHQW IXQGLQJVWUDWHJ\,QDGGLWLRQWRWKHFXUUHQW)&,H[WHQGHG)&,¶VKDYHEHHQGHYHORSHGWRSURYLGHRZQHUVWKHLQWHOOLJHQFH QHHGHGWRSODQDQGEXGJHWIRUWKH ³NHHSXSFRVWV´IRUWKHLUIDFLOLWLHV$VVXFKWKH\HDU\HDUDQG\HDU)&,¶VDUH FDOFXODWHGE\GLYLGLQJWKHDQWLFLSDWHGQHHGVRIWKRVHUHVSHFWLYHWLPHSHULRGVE\FXUUHQWUHSODFHPHQWYDOXH$VDILQDOSRLQW WKH)&,¶VSURYLGHPRUHYDOXHZKHQXVHGWRUHODWLYHO\FRPSDUHIDFLOLWLHVDFURVVDSRUWIROLRLQVWHDGRIEHLQJRYHUDQDO\]HG DQGVFUXWLQL]HGDVVWDQGDORQHYDOXHV7KHWDEOHEHORZVXPPDUL]HVWKHLQGLYLGXDOILQGLQJVIRUWKLV)&$
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHYHUWLFDOEDUVEHORZUHSUHVHQWWKH\HDUE\\HDUQHHGVLGHQWLILHGIRUWKHVLWH7KHRUDQJHOLQHLQWKHJUDSKEHORZIRUHFDVWV ZKDWZRXOGKDSSHQWRWKH)&,
OHIW<D[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDOH[SHQGLWXUHVRYHUWKHQH[WWHQ\HDUV7KHGROODU DPRXQWVDOORFDWHGIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHYDOXHVDORQJWKHULJKW<D[LV 1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
,PPHGLDWH1HHGV
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
.H\)LQGLQJV
3DUNLQJ/RWVLQ3RRUFRQGLWLRQ
3DYHPHQW$VSKDOW
3D\13OD\5DFTXHWEDOO6LWH
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
6HDODQG6WULSHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
,VRODWHGDVSKDOWSDYHPHQWFUDFNLQJ$VVHW&$/&,'
5HFRPPHQGHG)ROORZXS6WXG\
6WUXFWXUDO6XSHUVWUXFWXUH
6WUXFWXUDO6XSHUVWUXFWXUH
3D\13OD\5DFTXHWEDOO7KURXJKRXWEXLOGLQJ
8QLIRUPDW&RGH
3
5HFRPPHQGDWLRQ
(YDOXDWH5HSRUWLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
)RXQGDWLRQFUDFNVZHUHLGHQWLILHGDWYDULRXVORFDWLRQVLQVLGHWKHEXLOGLQJ$FRVWWRKLUHSURIHVVLRQDOHQJLQHHU VWXG\WKHFDXVHDQGDQDO\VLVRIVWUXFWXUDOLQWHJULW\LVDGGHG$VVHW&$/&,'
&HLOLQJ)LQLVKHVLQ3RRUFRQGLWLRQ
*\SVXP%RDUG3ODVWHU
3D\13OD\5DFTXHWEDOO5HVWURRPV
8QLIRUPDW&RGH
&
5HFRPPHQGDWLRQ
5HSDLULQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
&HLOLQJGDPDJHREVHUYHGLQXWLOLW\FORVHW5HSDLULVUHFRPPHQGHG$VVHW&$/&,'
:DOO)LQLVKHVLQ3RRUFRQGLWLRQ
DQ\VXUIDFH
3D\13OD\5DFTXHWEDOO7KURXJKRXWEXLOGLQJ
8QLIRUPDW&RGH
&
5HFRPPHQGDWLRQ
3UHSDQG3DLQWLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
5HSDLQWLQJLVUHTXLUHG$VVHW&$/&,'
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
)LUH6XSSUHVVLRQ6\VWHP
)XOO6\VWHP,QVWDOO5HWURILW/RZ
'HQVLW\&RPSOH[LW\
3D\13OD\5DFTXHWEDOO7KURXJKRXW
8QLIRUPDW&RGH
'
5HFRPPHQGDWLRQ
,QVWDOOLQ
3ULRULW\6FRUH
3ODQ7\SH
5HWURILW$GDSWDWLRQ
&RVW(VWLPDWH
1RILUHVXSSUHVVLRQREVHUYHG&RVWDOORZDQFHWRLQVWDOOILUHVSULQNOHUV$VVHW&$/&,'
)ORRULQJ
5XEEHU7LOH
3D\13OD\5DFTXHWEDOO5DFTXHWEDOOURRPV
8QLIRUPDW&RGH
&
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
5HWURILW$GDSWDWLRQ
&RVW(VWLPDWH
5HPRYHGWLOHVLQSURFHVVRIUHSODFHPHQW$VVHW&$/&,'
6ODERQ*UDGH
&RQFUHWH
3D\13OD\5DFTXHWEDOO7KURXJKRXW
8QLIRUPDW&RGH
$
5HFRPPHQGDWLRQ
5HSDLULQ
3ULRULW\6FRUH
3ODQ7\SH
5HWURILW$GDSWDWLRQ
&RVW(VWLPDWH
&RVWDOORZDQFHIRUPDNLQJIRXQGDWLRQUHSDLUV$VVHW&$/&,'
)LUH$ODUP6\VWHP
)XOO6\VWHP8SJUDGH6LPSOH$GGUHVVDEOH
3D\13OD\5DFTXHWEDOO7KURXJKRXW
8QLIRUPDW&RGH
'
5HFRPPHQGDWLRQ
,QVWDOOLQ
3ULRULW\6FRUH
3ODQ7\SH
5HWURILW$GDSWDWLRQ
&RVW(VWLPDWH
1RILUHDODUPV\VWHPREVHUYHG&RVWDOORZDQFHWRLQVWDOODILUHDODUPV\VWHP$VVHW&$/&,'
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3ODQ7\SHV
(DFKOLQHLWHPLQWKHFRVWGDWDEDVHLVDVVLJQHGD3ODQ7\SHZKLFKLVWKHSULPDU\UHDVRQRUUDWLRQDOHIRUWKHUHFRPPHQGHG UHSODFHPHQWUHSDLURURWKHUFRUUHFWLYHDFWLRQ7KLVLVWKH³ZK\´SDUWRIWKHHTXDWLRQ$FRVWRUOLQHLWHPPD\FRPPRQO\ KDYHPRUHWKDQRQHDSSOLFDEOH3ODQ7\SH
KRZHYHURQO\RQH3ODQ7\SHZLOOEHDVVLJQHGEDVHGRQWKH³EHVW´ILWW\SLFDOO\ WKHRQHZLWKWKHJUHDWHVWVLJQLILFDQFH
3ODQ7\SH'HVFULSWLRQV
6DIHW\ $QREVHUYHGRU UHSRUWHGXQVDIHFRQGLWLRQWKDWLIOHIW XQDGGUHVVHGFRXOG UHVXOWLQ LQMXU\
DV\VWHPRUFRPSRQHQWWKDWSUHVHQWVSRWHQWLDOOLDELOLW\ULVN 3HUIRUPDQFH,QWHJULW\ &RPSRQHQWRU V\VWHPKDVIDLOHGLVDOPRVWIDLOLQJSHUIRUPVXQUHOLDEO\GRHVQRW SHUIRUPDVLQWHQGHGDQGRUSRVHVULVNWRRYHUDOOV\VWHPVWDELOLW\ $FFHVVLELOLW\ 'RHVQRWPHHW$'$8)$6DQGRURWKHUDFFHVVLELOLW\UHTXLUHPHQWV (QYLURQPHQWDO ,PSURYHPHQWVWRDLURUZDWHUTXDOLW\LQFOXGLQJUHPRYDORIKD]DUGRXVPDWHULDOVIURP WKHEXLOGLQJRUVLWH
5HWURILW$GDSWDWLRQ &RPSRQHQWVV\VWHPVRUVSDFHVUHFRPPHQGHGIRUXSJUDGHVLQLQRUGHUWRPHHW FXUUHQWVWDQGDUGVIDFLOLW\XVDJHRUFOLHQWRFFXSDQWQHHGV /LIHF\FOH5HQHZDO $Q\FRPSRQHQWRUV\VWHPWKDWLVQRWFXUUHQWO\GHILFLHQWRUSUREOHPDWLFEXWIRUZKLFK IXWXUHUHSODFHPHQWRUUHSDLULVDQWLFLSDWHGDQGEXGJHWHG 3ODQ7\SH'LVWULEXWLRQ
E\&RVW
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
%XLOGLQJDQG6LWH,QIRUPDWLRQ
6\VWHPV6XPPDU\
System Description Condition
6WUXFWXUH 0DVRQU\ EHDULQJ ZDOOV ZLWK ZRRG URRI GHFN VXSSRUWHG E\ ZRRG MRLVWV DQG FRQFUHWHVODEIRXQGDWLRQ
3RRU
)DoDGH 3ULPDU\:DOO)LQLVK
6WXFFR )DLU
5RRI 3ULPDU\
)ODWFRQVWUXFWLRQZLWKPRGLILHGELWXPHQ
6HFRQGDU\
6ORSHGFRQVWUXFWLRQZLWKFOD\FRQFUHWHWLOHV
)DLU
,QWHULRUV :DOOV
3DLQWHGJ\SVXPERDUG
)ORRUV
5XEEHUWLOH
&HLOLQJV
3DLQWHGSDUWLFOHERDUGV
)DLU
(OHYDWRUV 1RQH
3OXPELQJ 'LVWULEXWLRQ
&RSSHUVXSSO\DQGFDVWLURQZDVWHDQGYHQWLQJ
+RW:DWHU
1RQH
)L[WXUHV
7RLOHWDQGVLQNLQUHVWURRP
)DLU
+9$& 1RQH
)LUH6XSSUHVVLRQ 1RQH
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
6\VWHPV6XPPDU\
(OHFWULFDO 6RXUFHDQG'LVWULEXWLRQ
0DLQSDQHOZLWKFRSSHUZLULQJ
,QWHULRU/LJKWLQJ
/LQHDUIOXRUHVFHQW
(PHUJHQF\3RZHU
1RQH
)DLU
)LUH$ODUP 1RQH
(TXLSPHQW6SHFLDO 1RQH
6LWH3DYHPHQW $VSKDOWORWVZLWKOLPLWHGDUHDVRIFRQFUHWHDSURQVDQGSDYHPHQWDQGDGMDFHQW FRQFUHWHVLGHZDONVDQGFXUEV
)DLU
6LWH'HYHORSPHQW %XLOGLQJPRXQWHGDQGSURSHUW\HQWUDQFHVLJQDJH /LPLWHGIXUQLVKHGSDUNEHQFKHVDQGWUDVKUHFHSWDFOHV
)DLU
/DQGVFDSLQJDQG
7RSRJUDSK\
/LPLWHGODQGVFDSLQJIHDWXUHVLQFOXGLQJODZQVWUHHVEXVKHVDQGSODQWHUV ,UULJDWLRQQRWSUHVHQW
/RZWRPRGHUDWHVLWHVORSHVWKURXJKRXW
)DLU
8WLOLWLHV 0XQLFLSDOZDWHUDQGVHZHU
/RFDOXWLOLW\SURYLGHGHOHFWULF
)DLU
6LWH/LJKWLQJ 3ROHPRXQWHG
PHWDOKDOLGH
%XLOGLQJPRXQWHG
&)/
)DLU
$QFLOODU\6WUXFWXUHV 1RQH )DLU
$FFHVVLELOLW\ 3UHVHQWO\LWGRHVQRWDSSHDUDQDFFHVVLELOLW\VWXG\LVQHHGHGIRUWKLVSURSHUW\6HH$SSHQGL[ '
.H\,VVXHVDQG
)LQGLQJV
6WUXFWXUDOGLVSODFHPHQWGDPDJHGFHLOLQJVLQXWLOLW\FORVHWVWDLQHGLQWHULRUZDOOVORQJLWXGLQDO FUDFNVLQSDUNLQJORW
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
6\VWHPV([SHQGLWXUH)RUHFDVW
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3URSHUW\6SDFH8VHDQG2EVHUYHG$UHDV
$UHDV2EVHUYHG
7KHLQWHULRUVSDFHVZHUHREVHUYHGLQRUGHUWRJDLQDFOHDUXQGHUVWDQGLQJRIWKHSURSHUW\¶VRYHUDOOFRQGLWLRQ2WKHUDUHDV DFFHVVHGLQFOXGHGWKHVLWHZLWKLQWKHSURSHUW\ERXQGDULHVWKHH[WHULRURIWKHSURSHUW\DQGWKHURRI .H\6SDFHV1RW2EVHUYHG
$OONH\DUHDVRIWKHSURSHUW\ZHUHDFFHVVLEOHDQGREVHUYHG
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$'$$FFHVVLELOLW\
*HQHUDOO\7LWOH,,RIWKH$PHULFDQVZLWK'LVDELOLWLHV$FW $'$
SURKLELWVGLVFULPLQDWLRQE\HQWLWLHVWRDFFHVVDQGXVHRI³DUHDV RISXEOLFDFFRPPRGDWLRQV´DQG³SXEOLFIDFLOLWLHV´RQWKHEDVLVRIGLVDELOLW\5HJDUGOHVVRIWKHLUDJHWKHVHDUHDVDQGIDFLOLWLHV PXVWEHPDLQWDLQHGDQGRSHUDWHGWRFRPSO\ZLWKWKH$PHULFDQVZLWK'LVDELOLWLHV$FW$FFHVVLELOLW\*XLGHOLQHV $'$$*
$SXEOLFHQWLW\
LHFLW\JRYHUQPHQWV
VKDOORSHUDWHHDFKVHUYLFHSURJUDPRUDFWLYLW\VRWKDWWKHVHUYLFHSURJUDPRUDFWLYLW\ ZKHQYLHZHGLQLWVHQWLUHW\LVUHDGLO\DFFHVVLEOHWRDQGXVDEOHE\LQGLYLGXDOVZLWKGLVDELOLWLHV +RZHYHUWKLVGRHVQRW
1HFHVVDULO\ UHTXLUHDSXEOLFHQWLW\WRPDNHHDFKRILWVH[LVWLQJIDFLOLWLHVDFFHVVLEOHWRDQGXVDEOHE\LQGLYLGXDOVZLWK
GLVDELOLWLHV
5HTXLUHDSXEOLFHQWLW\WRWDNHDQ\DFWLRQWKDWZRXOGWKUHDWHQRUGHVWUR\WKHKLVWRULFVLJQLILFDQFHRIDQKLVWRULFSURSHUW\
RU
5HTXLUHDSXEOLFHQWLW\WRWDNHDQ\DFWLRQWKDWLWFDQGHPRQVWUDWHZRXOGUHVXOWLQDIXQGDPHQWDODOWHUDWLRQLQWKHQDWXUH RI D VHUYLFH SURJUDP RU DFWLYLW\ RU LQ XQGXH ILQDQFLDO DQG DGPLQLVWUDWLYH EXUGHQV ,Q WKRVH FLUFXPVWDQFHV ZKHUH SHUVRQQHORIWKHSXEOLFHQWLW\EHOLHYHWKDWWKHSURSRVHGDFWLRQZRXOGIXQGDPHQWDOO\DOWHUWKHVHUYLFHSURJUDPRUDFWLYLW\ RUZRXOGUHVXOWLQXQGXHILQDQFLDODQGDGPLQLVWUDWLYHEXUGHQVDSXEOLFHQWLW\KDVWKHEXUGHQRISURYLQJWKDWFRPSOLDQFH ZLWK
D
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
7KLVVXUYH\ZDVYLVXDOLQQDWXUHDQGDFWXDOPHDVXUHPHQWVZHUHQRWWDNHQWRYHULI\FRPSOLDQFH 2QO\DUHSUHVHQWDWLYHVDPSOHRIDUHDVZDVREVHUYHG
7ZRRYHUYLHZSKRWRVZHUHWDNHQIRUHDFKVXEVHFWLRQUHJDUGOHVVRISHUFHLYHGFRPSOLDQFHRUQRQFRPSOLDQFH ,WHPL]HGFRVWVIRULQGLYLGXDOQRQFRPSOLDQWLWHPVDUHQRWLQFOXGHGLQWKHGDWDVHW )RUDQ\³QRQH´ER[HVFKHFNHGRUUHIHUHQFHWR³QRLVVXHV´LGHQWLILHGWKDWDORQHGRHVQRWJXDUDQWHHIXOOFRPSOLDQFH 7KHIDFLOLW\ZDVRULJLQDOO\FRQVWUXFWHGLQ
7KHIDFLOLW\KDVQRWVLQFHEHHQVXEVWDQWLDOO\UHQRYDWHG 'XULQJWKHLQWHUYLHZSURFHVVZLWKWKHFOLHQWUHSUHVHQWDWLYHVQRFRPSODLQWVRUSHQGLQJOLWLJDWLRQDVVRFLDWHGZLWKSRWHQWLDO DFFHVVLELOLW\LVVXHVZHUHUHSRUWHG
1RGHWDLOHGIROORZXSDFFHVVLELOLW\VWXG\LVFXUUHQWO\UHFRPPHQGHGVLQFHQRPDMRURUPRGHUDWHLVVXHVZHUHLGHQWLILHGDWWKH VXEMHFW VLWH 5HIHUHQFH WKH DSSHQGL[ IRU VSHFLILF GDWD SKRWRV DQG WDEOHV RU FKHFNOLVWV DVVRFLDWHG ZLWK WKLV OLPLWHG DFFHVVLELOLW\VXUYH\
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3XUSRVHDQG6FRSH
3XUSRVH
%XUHDX9HULWDVZDVUHWDLQHGE\WKHFOLHQWWRUHQGHUDQRSLQLRQDVWRWKH3URSHUW\¶VFXUUHQWJHQHUDOSK\VLFDOFRQGLWLRQRQWKH GD\RIWKHVLWHYLVLW
%DVHG RQ WKH REVHUYDWLRQV LQWHUYLHZV DQG GRFXPHQW UHYLHZ RXWOLQHG EHORZ WKLV UHSRUW LGHQWLILHV VLJQLILFDQW GHIHUUHG PDLQWHQDQFHLVVXHVH[LVWLQJGHILFLHQFLHVDQGPDWHULDOFRGHYLRODWLRQVRIUHFRUGZKLFKDIIHFWWKH3URSHUW\¶VXVH2SLQLRQV DUHUHQGHUHGDVWRLWVVWUXFWXUDOLQWHJULW\EXLOGLQJV\VWHPFRQGLWLRQDQGWKH3URSHUW\¶VRYHUDOOFRQGLWLRQ7KHUHSRUWDOVR QRWHVEXLOGLQJV\VWHPVRUFRPSRQHQWVWKDWKDYHUHDOL]HGRUH[FHHGHGWKHLUW\SLFDOH[SHFWHGXVHIXOOLYHV 7KHSK\VLFDOFRQGLWLRQRIEXLOGLQJV\VWHPVDQGUHODWHGFRPSRQHQWVDUHW\SLFDOO\GHILQHGDVEHLQJLQRQHRIILYHFRQGLWLRQ UDWLQJV)RUWKHSXUSRVHVRIWKLVUHSRUWWKHIROORZLQJGHILQLWLRQVDUHXVHG
&RQGLWLRQ5DWLQJV
([FHOOHQW 1HZRUYHU\FORVHWRQHZ
FRPSRQHQWRUV\VWHPW\SLFDOO\KDVEHHQLQVWDOOHGZLWKLQWKHSDVW \HDUVRXQGDQGSHUIRUPLQJLWVIXQFWLRQ(YHQWXDOUHSDLURUUHSODFHPHQWZLOOEHUHTXLUHGZKHQ WKHFRPSRQHQWRUV\VWHPHLWKHUUHDFKHVWKHHQGRILWVXVHIXOOLIHRUIDLOVLQVHUYLFH *RRG 6DWLVIDFWRU\DVLV&RPSRQHQWRUV\VWHPLVVRXQGDQGSHUIRUPLQJLWVIXQFWLRQW\SLFDOO\ZLWKLQ WKHILUVWWKLUGRILWVOLIHF\FOH+RZHYHULWPD\VKRZPLQRUVLJQVRIQRUPDOZHDUDQGWHDU5HSDLU RUUHSODFHPHQWZLOOEHUHTXLUHGZKHQWKHFRPSRQHQWRUV\VWHPHLWKHUUHDFKHVWKHHQGRILWV XVHIXOOLIHRUIDLOVLQVHUYLFH
)DLU 6KRZLQJ VLJQV RI ZHDU DQG XVH EXW VWLOO VDWLVIDFWRU\ DVLVW\SLFDOO\ QHDUWKHPHGLDQ RI LWV HVWLPDWHG XVHIXO OLIH&RPSRQHQWRU V\VWHP LV SHUIRUPLQJ DGHTXDWHO\DWWKLVWLPH EXWPD\ H[KLELWVRPHVLJQVRIZHDUGHIHUUHGPDLQWHQDQFHRUHYLGHQFHRISUHYLRXVUHSDLUV5HSDLURU UHSODFHPHQWZLOOEHUHTXLUHGGXHWRWKHFRPSRQHQWRUV\VWHP¶VFRQGLWLRQDQGRULWVHVWLPDWHG UHPDLQLQJXVHIXOOLIH
3RRU &RPSRQHQW RU V\VWHP LV VLJQLILFDQWO\ DJHGIODZHGIXQFWLRQLQJLQWHUPLWWHQWO\ RU XQUHOLDEO\
GLVSOD\V REYLRXV VLJQV RI GHIHUUHG PDLQWHQDQFH
VKRZV HYLGHQFH RI SUHYLRXV UHSDLU RU
ZRUNPDQVKLSQRWLQFRPSOLDQFHZLWKFRPPRQO\DFFHSWHGVWDQGDUGV KDVEHFRPHREVROHWH
RU H[KLELWV DQ LQKHUHQW GHILFLHQF\7KH SUHVHQW FRQGLWLRQ FRXOG FRQWULEXWH WR RU FDXVH WKH GHWHULRUDWLRQ RI FRQWLJXRXV HOHPHQWV RU V\VWHPV (LWKHU IXOO FRPSRQHQW UHSODFHPHQW LV QHHGHGRUUHSDLUVDUHUHTXLUHGWRUHVWRUHWRJRRGFRQGLWLRQSUHYHQWSUHPDWXUHIDLOXUHDQGRU SURORQJXVHIXOOLIH
)DLOHG &RPSRQHQW RU V\VWHP KDV FHDVHG IXQFWLRQLQJ RU SHUIRUPLQJ DV LQWHQGHG 5HSODFHPHQW UHSDLURURWKHUVLJQLILFDQWFRUUHFWLYHDFWLRQLVUHFRPPHQGHGRUUHTXLUHG 1RW$SSOLFDEOH $VVLJQLQJDFRQGLWLRQGRHVQRWDSSO\RUPDNHORJLFDOVHQVHPRVWFRPPRQO\GXHWRWKHLWHP LQTXHVWLRQQRWEHLQJSUHVHQW
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
6FRSH
7KHVWDQGDUGVFRSHRIWKH)DFLOLW\&RQGLWLRQ$VVHVVPHQWLQFOXGHVWKHIROORZLQJ
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
3URYLGHDIXOOGHVFULSWLRQRIWKH3URSHUW\ZLWKGHVFULSWLRQVRILQSODFHV\VWHPVDQGFRPPHQWDU\RQREVHUYHGFRQGLWLRQV 3URYLGHDKLJKOHYHOFDWHJRULFDOJHQHUDOVWDWHPHQWUHJDUGLQJWKHVXEMHFW3URSHUW\¶VFRPSOLDQFHWR7LWOH,,,RIWKH$PHULFDQV ZLWK'LVDELOLWLHV$FW7KLVZLOOQRWFRQVWLWXWHDIXOO$'$VXUYH\EXWZLOOKHOSLGHQWLI\H[SRVXUHWRLVVXHVDQGWKHQHHGIRU IXUWKHUUHYLHZ
2EWDLQEDFNJURXQGDQGKLVWRULFDOLQIRUPDWLRQDERXWWKHIDFLOLW\IURPDEXLOGLQJHQJLQHHUSURSHUW\PDQDJHUPDLQWHQDQFH VWDIIRURWKHUNQRZOHGJHDEOHVRXUFH7KHSUHIHUUHGPHWKRGRORJ\LVWRKDYHWKHFOLHQWUHSUHVHQWDWLYHRUEXLOGLQJRFFXSDQW FRPSOHWHD3UH6XUYH\4XHVWLRQQDLUH
364
LQDGYDQFHRIWKHVLWHYLVLW&RPPRQDOWHUQDWLYHVLQFOXGHDYHUEDOLQWHUYLHZ MXVWSULRUWRRUGXULQJWKHZDONWKURXJKSRUWLRQRIWKHDVVHVVPHQW 5HYLHZPDLQWHQDQFHUHFRUGVDQGSURFHGXUHVZLWKWKHLQSODFHPDLQWHQDQFHSHUVRQQHO 2EVHUYHDUHSUHVHQWDWLYHVDPSOHRIWKHLQWHULRUVSDFHVXQLWVLQFOXGLQJYDFDQWVSDFHVXQLWVWRJDLQDFOHDUXQGHUVWDQGLQJ RIWKH SURSHUW\¶V RYHUDOO FRQGLWLRQ2WKHU DUHDVWR EH REVHUYHG LQFOXGHWKH H[WHULRU RIWKH SURSHUW\WKH URRIV LQWHULRU FRPPRQDUHDVDQGWKHVLJQLILFDQWPHFKDQLFDOHOHFWULFDODQGHOHYDWRUHTXLSPHQWURRPV 3URYLGHUHFRPPHQGDWLRQVIRUDGGLWLRQDOVWXGLHVLIUHTXLUHGZLWKUHODWHGEXGJHWDU\LQIRUPDWLRQ 3URYLGH DQ ([HFXWLYH 6XPPDU\ DW WKH EHJLQQLQJ RI WKLV UHSRUW ZKLFK KLJKOLJKWV NH\ ILQGLQJV DQG LQFOXGHV D )DFLOLW\ &RQGLWLRQ,QGH[DVDEDVLVIRUFRPSDULQJWKHUHODWLYHFRQGLWLRQVRIWKHEXLOGLQJVZLWKLQWKHSRUWIROLR 3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
2SLQLRQVRI3UREDEOH&RVWV
&RVWHVWLPDWHVDUHDWWDFKHGWKURXJKRXWWKLVUHSRUWZLWKWKH5HSODFHPHQW5HVHUYHVLQWKHDSSHQGL[ 7KHVH HVWLPDWHV DUH EDVHG RQ,QYRLFH RU %LG 'RFXPHQWV SURYLGHG HLWKHU E\WKH 2ZQHUIDFLOLW\ DQG FRQVWUXFWLRQ FRVWV GHYHORSHG E\ FRQVWUXFWLRQ UHVRXUFHV VXFK DV R.S. Means, CBRE Whitestone, DQG Marshall & Swift, %XUHDX 9HULWDV¶V H[SHULHQFHZLWKSDVWFRVWVIRUVLPLODUSURSHUWLHVFLW\FRVWLQGH[HVDQGDVVXPSWLRQVUHJDUGLQJIXWXUHHFRQRPLFFRQGLWLRQV 2SLQLRQVRISUREDEOHFRVWVVKRXOGRQO\EHFRQVWUXHGDVSUHOLPLQDU\RUGHURIPDJQLWXGHEXGJHWV$FWXDOFRVWVPRVWSUREDEO\ ZLOO YDU\IURPWKH FRQVXOWDQW¶V RSLQLRQVRISUREDEOH FRVWVGHSHQGLQJ RQ VXFKPDWWHUVDVW\SHDQG GHVLJQRI VXJJHVWHG UHPHG\ TXDOLW\ RIPDWHULDOV DQG LQVWDOODWLRQPDQXIDFWXUHU DQG W\SH RI HTXLSPHQW RU V\VWHP VHOHFWHGILHOG FRQGLWLRQV ZKHWKHUDSK\VLFDOGHILFLHQF\LV UHSDLUHGRUUHSODFHGLQZKROHSKDVLQJRUEXQGOLQJRIWKHZRUN LIDSSOLFDEOH
TXDOLW\RI
FRQWUDFWRUTXDOLW\RISURMHFWPDQDJHPHQWH[HUFLVHGPDUNHWFRQGLWLRQVXVHRIVXEFRQWUDFWRUVDQGZKHWKHUFRPSHWLWLYH SULFLQJLVVROLFLWHGHWF&HUWDLQRSLQLRQVRISUREDEOHFRVWVFDQQRWEHGHYHORSHGZLWKLQWKHVFRSHRIWKLVJXLGHZLWKRXWIXUWKHU VWXG\2SLQLRQVRISUREDEOHFRVWIRUIXUWKHUVWXG\VKRXOGEHLQFOXGHGLQWKH)&$ 0HWKRGRORJ\
%DVHG XSRQ VLWH REVHUYDWLRQV UHVHDUFK DQG MXGJPHQW DORQJ ZLWK UHIHUHQFLQJ([SHFWHG 8VHIXO /LIH (8/
WDEOHVIURP
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
RIDFRPSRQHQWRU
V\VWHPHTXDOVWKH(8/OHVVLWVeffective ageZKHWKHUH[SOLFLWO\RULPSOLFLWO\VWDWHG3URMHFWLRQVRI5HPDLQLQJ8VHIXO/LIH
58/
DUHEDVHGSULPDULO\RQDJHDQGFRQGLWLRQZLWKWKHSUHVXPSWLRQRIFRQWLQXHGXVHDQGPDLQWHQDQFHRIWKH3URSHUW\ VLPLODUWRWKHREVHUYHGDQGUHSRUWHGSDVWXVHDQGPDLQWHQDQFHSUDFWLFHVLQFRQMXQFWLRQZLWKWKHSURIHVVLRQDOMXGJPHQWRI %XUHDX9HULWDV¶VDVVHVVRUV6LJQLILFDQWFKDQJHVLQRFFXSDQWVDQGRUXVDJHPD\DIIHFWWKHVHUYLFHOLIHRIVRPHV\VWHPVRU FRPSRQHQWV
:KHUHTXDQWLWLHVFRXOGQRWEHRUZHUHQRWGHULYHGIURPDQDFWXDOFRQVWUXFWLRQGRFXPHQWWDNHRIIRUIDFLOLW\ZDONWKURXJK DQGRUZKHUHV\VWHPLFFRVWVDUHPRUHDSSOLFDEOHRUSURYLGHPRUHLQWULQVLFYDOXHEXGJHWDU\VTXDUHIRRWDQGJURVVVTXDUH IRRWFRVWVDUHXVHG(VWLPDWHGFRVWVDUHEDVHGRQSURIHVVLRQDOMXGJPHQWDQGWKHSUREDEOHRUDFWXDOH[WHQWRIWKHREVHUYHG GHIHFWLQFOXVLYHRIWKHFRVWWRGHVLJQSURFXUHFRQVWUXFWDQGPDQDJHWKHFRUUHFWLRQV 'HILQLWLRQV
,PPHGLDWH1HHGV
,PPHGLDWH 1HHGV DUH OLQH LWHPV WKDW UHTXLUH LPPHGLDWH DFWLRQ DV D UHVXOW RI
PDWHULDO H[LVWLQJ RU SRWHQWLDO XQVDIH
FRQGLWLRQV
IDLOHGRULPPLQHQWIDLOXUHRIPLVVLRQFULWLFDOEXLOGLQJV\VWHPVRUFRPSRQHQWVRU
FRQGLWLRQVWKDWLIQRW
DGGUHVVHGKDYHWKHSRWHQWLDOWRUHVXOWLQRUFRQWULEXWHWRFULWLFDOHOHPHQWRUV\VWHPIDLOXUHZLWKLQRQH\HDURUZLOOPRVW SUREDEO\UHVXOWLQDVLJQLILFDQWHVFDODWLRQRILWVUHPHGLDOFRVW )RU GDWDEDVH DQG UHSRUWLQJ SXUSRVHV WKH OLQH LWHPV ZLWK 58/ DQG FRPPRQO\ DVVRFLDWHG ZLWK Safety RU Performance/Integrity3ODQ7\SHVDUHFRQVLGHUHG,PPHGLDWH1HHGV
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
5HSODFHPHQW5HVHUYHV
&RVWOLQHLWHPVWUDGLWLRQDOO\FDOOHG5HSODFHPHQW5HVHUYHV HTXLYDOHQWO\UHIHUUHGWRDV/LIHF\FOH5HQHZDOV
DUHIRUUHFXUULQJ
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
5HSODFHPHQW FRVWV DUH VROLFLWHG IURP RZQHUVKLSSURSHUW\ PDQDJHPHQW %XUHDX 9HULWDV¶V GLVFXVVLRQV ZLWK VHUYLFH FRPSDQLHVPDQXIDFWXUHUV
UHSUHVHQWDWLYHVDQGSUHYLRXVH[SHULHQFHLQSUHSDULQJVXFKVFKHGXOHVIRURWKHUVLPLODUIDFLOLWLHV &RVWVIRUZRUNSHUIRUPHGE\WKHRZQHUVKLS¶VRUSURSHUW\PDQDJHPHQW¶VPDLQWHQDQFHVWDIIDUHDOVRFRQVLGHUHG %XUHDX9HULWDV¶VUHVHUYHPHWKRGRORJ\LQYROYHVLGHQWLILFDWLRQDQGTXDQWLILFDWLRQRIWKRVHV\VWHPVRUFRPSRQHQWVUHTXLULQJ FDSLWDOUHVHUYHIXQGVZLWKLQWKHDVVHVVPHQWSHULRG7KHDVVHVVPHQWSHULRGLVGHILQHGDVWKHHIIHFWLYHDJHSOXVWKHUHVHUYH WHUP$GGLWLRQDOLQIRUPDWLRQFRQFHUQLQJV\VWHP¶VRUFRPSRQHQW¶VUHVSHFWLYHUHSODFHPHQWFRVWV LQWRGD\
VGROODUV
W\SLFDO
H[SHFWHG XVHIXO OLYHV DQG UHPDLQLQJ XVHIXO OLYHV ZHUH HVWLPDWHG VR WKDW D IXQGLQJ VFKHGXOH FRXOG EH SUHSDUHG 7KH 5HSODFHPHQW 5HVHUYHV 6FKHGXOH SUHVXSSRVHV WKDW DOO UHTXLUHG UHPHGLDO ZRUN KDV EHHQ SHUIRUPHG RU WKDW PRQLHV IRU UHPHGLDWLRQKDYHEHHQEXGJHWHGIRULWHPVGHILQHGDV,PPHGLDWH1HHGV )RUWKHSXUSRVHVRIµEXFNHWL]LQJ¶WKH6\VWHP([SHQGLWXUH)RUHFDVWVLQWKLVUHSRUWWKH5HSODFHPHQW5HVHUYHVKDYHEHHQ VXEGLYLGHGDQGJURXSHGDVIROORZV
6KRUW7HUP
\HDUV
1HDU7HUP
\HDUV
0HGLXP7HUP
\HDUV
DQG/RQJ
7HUP
\HDUV
.H\)LQGLQJV
,QDQHIIRUWWRKLJKOLJKWWKHPRVWVLJQLILFDQWFRVWLWHPVDQGQRWEHRYHUZKHOPHGE\WKH5HSODFHPHQW5HVHUYHVUHSRUWLQLWV WRWDOLW\DVXEVHFWLRQRI.H\)LQGLQJVLVLQFOXGHGZLWKLQWKH([HFXWLYH6XPPDU\VHFWLRQRIWKLVUHSRUW.H\)LQGLQJVW\SLFDOO\ LQFOXGHUHSDLUVRUUHSODFHPHQWVRIGHILFLHQWLWHPVZLWKLQWKHILUVWILYH\HDUZLQGRZDVZHOODVWKHPRVWVLJQLILFDQWKLJKGROODU OLQHLWHPVWKDWIDOODQ\ZKHUHZLWKLQWKHWHQ\HDUWHUP1RWHWKDWZKLOHWKHUHLVVRPHVXEMHFWLYLW\DVVRFLDWHGZLWKLGHQWLI\LQJ WKH.H\)LQGLQJVWKH,PPHGLDWH1HHGVDUHDOZD\VLQFOXGHGDVDVXEVHW ([FHHGLQJO\$JHG
$IDLUO\ FRPPRQ VFHQDULR HQFRXQWHUHG GXULQJWKH DVVHVVPHQW SURFHVV DQG DIUHTXHQW VRXUFH RI GHEDWH RFFXUVZKHQ FODVVLI\LQJDQGGHVFULELQJ³YHU\ROG´V\VWHPVRUFRPSRQHQWVWKDWDUHVWLOOIXQFWLRQLQJDGHTXDWHO\DQGGRQRWDSSHDUQRU ZHUHUHSRUWHGWREHLQDQ\ZD\GHILFLHQW7RKHOSSURYLGHVRPHDGGLWLRQDOLQWHOOLJHQFHRQWKHVHLWHPVVXFKFRPSRQHQWVZLOO EHWDJJHGLQWKHGDWDEDVHDV([FHHGLQJO\$JHG7KLVGHVLJQDWLRQZLOOEHUHVHUYHGIRUPHFKDQLFDORUHOHFWULFDOV\VWHPVRU FRPSRQHQWVWKDWKDYHDJHGZHOOEH\RQGWKHLULQGXVWU\VWDQGDUGOLIHF\FOHVW\SLFDOO\DWOHDVW\HDUVEH\RQGDQGRUWZLFH WKHLU(VWLPDWHG8VHIXO/LIH
(8/
,QWDQGHPZLWKWKLVGHVLJQDWLRQWKHVHLWHPVZLOOEHDVVLJQHGD5HPDLQLQJ8VHIXO/LIH
58/
QRWOHVVWKDQWZR\HDUVEXWQRWJUHDWHUWKDQRIWKHLUVWDQGDUG(8/$VVXFKWKHUHFRPPHQGHGUHSODFHPHQWWLPH IRUWKHVHFRPSRQHQWVZLOOUHVLGHRXWVLGHWKHW\SLFDO6KRUW7HUPZLQGRZEXWZLOOQRWEHSXVKHGµLUUHVSRQVLEO\¶ WRRIDU
LQWR
WKHIXWXUH
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(QHUJ\$XGLW
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
LH%RLOHUV0DNH8S$LU8QLWV':+HTXLSPHQW
UHYLHZOLJKWLQJV\VWHPVERWKH[WHULRUDQGLQWHULRU
DQGUHYLHZ
HIILFLHQF\RIDOOVXFKHTXLSPHQW7KHVWXG\DOVRLQFOXGHGLQWHUYLHZVDQGFRQVXOWDWLRQZLWKRSHUDWLRQDODQGPDLQWHQDQFH SHUVRQQHO7KHIROORZLQJLVDVXPPDU\RIWKHWDVNVDQGUHSRUWLQJWKDWPDNHXSWKH(QHUJ\$XGLWSRUWLRQRIWKHUHSRUW 7KHIROORZLQJLVDVXPPDU\RIWKHWDVNVDQGUHSRUWLQJWKDWPDNHXSWKH(QHUJ\$XGLWSRUWLRQRIWKHUHSRUW (QHUJ\DQG:DWHU8VLQJ(TXLSPHQW
%XUHDX9HULWDVKDVVXUYH\HGWKHFRPPRQDUHDVRIILFHVPDLQWHQDQFHIDFLOLWLHVDQGPHFKDQLFDOURRPVWRGRFXPHQWXWLOLW\ UHODWHGHTXLSPHQWLQFOXGLQJKHDWLQJV\VWHPVFRROLQJV\VWHPVDLUKDQGOLQJV\VWHPVDQGOLJKWLQJV\VWHPV %XLOGLQJ(QYHORSH
%XUHDX9HULWDVKDVUHYLHZHGWKHFKDUDFWHULVWLFVDQGFRQGLWLRQVRIWKHEXLOGLQJHQYHORSHFKHFNLQJLQVXODWLRQYDOXHVDQG FRQGLWLRQV7KLVUHYLHZDOVRLQFOXGHVDQLQVSHFWLRQRIWKHFRQGLWLRQRIZDOOVZLQGRZVGRRUVURRIDUHDVLQVXODWLRQDQG VSHFLDOXVHDUHDV:KHUHZHDQWLFLSDWHGVLJQLILFDQWORVVHVZHXWLOL]HGLQIUDUHGWKHUPRJUDSKVWRDQDO\]HKHDWORVVDFURVV WKHHQYHORSH
5HFRPPHQGDWLRQVIRU(QHUJ\6DYLQJV2SSRUWXQLWLHV
%DVHGRQWKHLQIRUPDWLRQJDWKHUHGGXULQJWKHRQVLWHDVVHVVPHQWWKHXWLOLW\UDWHVDVZHOODVUHFHQWFRQVXPSWLRQGDWD DQGHQJLQHHULQJDQDO\VLV%XUHDX9HULWDVKDVLGHQWLILHGRSSRUWXQLWLHVWRVDYHHQHUJ\DQGSURYLGHSUREDEOHFRQVWUXFWLRQ FRVWVSURMHFWHGHQHUJ\XWLOLW\VDYLQJVDQGSURYLGHDVLPSOHSD\EDFNDQDO\VLV $QDO\VLVRI(QHUJ\&RQVXPSWLRQ
%DVHGRQWKHLQIRUPDWLRQJDWKHUHGGXULQJWKHRQVLWHDVVHVVPHQWDQGD%XUHDX9HULWDVKDVFRQGXFWHGDQDQDO\VLVRI WKHHQHUJ\XVDJHRIDOOHTXLSPHQWDQGLGHQWLILHGZKLFKHTXLSPHQWLVXVLQJWKHPRVWHQHUJ\DQGZKDWHTXLSPHQWXSJUDGHV PD\EHQHFHVVDU\$VDUHVXOWHTXLSPHQWXSJUDGHVRUUHSODFHPHQWVDUHLGHQWLILHGWKDWPD\SURYLGHDUHDVRQDEOHUHWXUQ RQWKHLQYHVWPHQWDQGLPSURYHPDLQWHQDQFHUHOLDELOLW\
(QHUJ\$XGLW3URFHVV
,QWHUYLHZLQJVWDIIDQGUHYLHZSODQVDQGSDVWXSJUDGHV 3HUIRUPLQJDQHQHUJ\DXGLWIRUHDFKXVHW\SH
3HUIRUPLQJDSUHOLPLQDU\HYDOXDWLRQRIWKHXWLOLW\V\VWHP $QDO\]LQJILQGLQJVXWLOL]LQJ(&0FRVWEHQHILWZRUNVKHHWV 0DNLQJSUHOLPLQDU\UHFRPPHQGDWLRQVIRUV\VWHPHQHUJ\LPSURYHPHQWVDQGPHDVXUHV (VWLPDWLQJLQLWLDOFRVWDQGFKDQJHVLQRSHUDWLQJDQGPDLQWHQDQFHFRVWVEDVHGRQLPSOHPHQWDWLRQRIHQHUJ\HIILFLHQF\ PHDVXUHV
5DQNLQJUHFRPPHQGHGFRVWPHDVXUHVEDVHGRQWKHFULWLFDOLW\RIWKHSURMHFWDQGWKHODUJHVWSD\EDFN 3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(QHUJ\&RQVHUYDWLRQ0HDVXUHV
%XUHDX9HULWDVKDVFRQGXFWHGDQ(QHUJ\$XGLWRQ3D\13OD\5DFTXHWEDOO7KHVWXG\LQFOXGHGDUHYLHZRIWKHEXLOGLQJ¶V FRQVWUXFWLRQ IHDWXUHV KLVWRULFDO HQHUJ\ DQG ZDWHU FRQVXPSWLRQ DQG FRVWV UHYLHZ RI WKH EXLOGLQJ HQYHORSH +9$& HTXLSPHQWKHDWGLVWULEXWLRQV\VWHPVOLJKWLQJDQGWKHEXLOGLQJ¶VRSHUDWLRQDODQGPDLQWHQDQFHSUDFWLFHV %XUHDX9HULWDVKDVHYDOXDWHGRQH(QHUJ\&RQVHUYDWLRQ0HDVXUHV (&0
IRUWKLVSURSHUW\7KHVDYLQJVIRUHDFKPHDVXUH
DUHFDOFXODWHGXVLQJVWDQGDUGHQJLQHHULQJPHWKRGVIROORZHGLQWKHLQGXVWU\DQGGHWDLOHGFDOFXODWLRQVIRU(&0DUHSURYLGHG LQ$SSHQGL[+IRUUHIHUHQFH$GLVFRXQWLQHQHUJ\VDYLQJVZDVDSSOLHGWRDFFRXQWIRUWKHLQWHUDFWLYHHIIHFWVDPRQJVW WKH(&0V,QDGGLWLRQWRWKHFRQVLGHUDWLRQRIWKHLQWHUDFWLYHHIIHFWV%XUHDX9HULWDVKDVDSSOLHGDFRQWLQJHQF\WRWKH LPSOHPHQWDWLRQFRVWVWRDFFRXQWIRUSRWHQWLDOFRVWRYHUUXQVGXULQJWKHLPSOHPHQWDWLRQRIWKH(&0V 5HFRPPHQGHG(QHUJ\&RQVHUYDWLRQ0HDVXUHV
)LQDQFLDO,PSDFW
7RWDO3URMHFWHG,QLWLDO(&0,QYHVWPHQW
(In Current Dollars)
(VWLPDWHG$QQXDO&RVW6DYLQJV5HODWHGWR(&0V
(In Current Dollars)
1HW(IIHFWLYH(&03D\EDFN \HDUV
%XUHDX9HULWDVVFUHHQV(&0VXVLQJWZRILQDQFLDOPHWKRGRORJLHV(&0VZKLFKDUHFRQVLGHUHGILQDQFLDOO\YLDEOHPXVWPHHW ERWKFULWHULD
6LPSOH3D\EDFN3HULRG±7KHQXPEHURI\HDUVUHTXLUHGIRUWKHFXPXODWLYHYDOXHRIHQHUJ\RUZDWHUFRVWVDYLQJVOHVV IXWXUH QRQIXHO RU QRQZDWHU FRVWV WR HTXDO WKH LQYHVWPHQW FRVWV RI WKH EXLOGLQJ HQHUJ\ RU ZDWHU V\VWHP ZLWKRXW FRQVLGHUDWLRQRIGLVFRXQWUDWHV(&0VZLWKDSD\EDFNSHULRGJUHDWHUWKDQWKH([SHFWHG8VHIXO/LIH (8/
RIWKHSURMHFWDUH
QRWW\SLFDOO\UHFRPPHQGHGDVWKHFRVWRIWKHSURMHFWZLOOQRWEH UHFRYHUHGGXULQJWKHOLIHVSDQRIWKHHTXLSPHQW7KHVH (&0VDUHUHFRPPHQGHGIRULPSOHPHQWDWLRQGXULQJIXWXUHV\VWHPUHSODFHPHQW$WWKDWWLPHUHSODFHPHQWPD\EHHYDOXDWHG EDVHGRQWKHSUHPLXPFRVWRILQVWDOOLQJHQHUJ\HIILFLHQWHTXLSPHQW ݐݏܥ ݈݅ܽݐ݊݅ܫ = ܾܽܿ݇ݕܲܽ ݈݁ܵ݅݉
ݏ݅݊݃ݒܵܽ ݈ܽݑ݊݊ܣ
%XUHDX9HULWDV VFUHHQV DQG FDWHJRUL]HV DOOWKH(&0¶V DV SHUWKH &)5 UHJXODWLRQ UHTXLUHPHQWV EDVHG RQWKHLU
SD\EDFNEXWRQO\WKRVH(&0¶VDUHUHFRPPHQGHGIRULPSOHPHQWDWLRQWKDWKDYHD6DYLQJVWR,QYHVWPHQW5DWLR )LQDQFLDO\PHWKRGRORJ\XVHGWRGHWHUPLQHWKH6DYLQJVWR,QYHVWPHQW5DWLRLVDVIROORZV
6DYLQJVWR,QYHVWPHQW5DWLR
6,5
±7KH VDYLQJVWRLQYHVWPHQW UDWLRLVWKH UDWLRRIWKHSUHVHQW YDOXH VDYLQJVWRWKH SUHVHQWYDOXHFRVWVRIDQHQHUJ\RUZDWHUFRQVHUYDWLRQPHDVXUH7KHQXPHUDWRURIWKHUDWLRLVWKHSUHVHQWYDOXHRYHUWKH HVWLPDWHGXVHIXOOLIH
(8/
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
(ܮܷܧ ݅%, ,ݏ݅݊݃ݒܵܽ ݈ܽݑ݊݊ܣ) ݁ݑܸ݈ܽ ݐ݁݊ݏ݁ݎܲ = ܴܫܵ
ݐݏܥ ݈݅ܽݐ݊݅ܫ
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
%XUHDX 9HULWDV KDV LGHQWLILHG RQH (QHUJ\ &RQVHUYDWLRQ 0HDVXUHV (&0
IRU WKLV SURSHUW\ 7KH EDVLV IRU DQ (&0
UHFRPPHQGDWLRQLVDSD\EDFNRIOHVVWKDQWKHUHPDLQLQJXVHIXOOLIHRIWKHV\VWHPRUFRPSRQHQW5HFRPPHQGHGHQHUJ\ HIILFLHQF\LPSURYHPHQWVDQGWKHLQVWDOOHGFRVWHVWLPDWHVIRUUHFRPPHQGHGHQHUJ\HIILFLHQF\PHDVXUHVDUHSURYLGHGLQWKH IROORZLQJWDEOH
(QHUJ\&RQVHUYDWLRQ0HDVXUHV
3ULRULW\ %ULHI'HVFULSWLRQ ,QLWLDO
,QYHVWPHQW
$QQXDO
6DYLQJV
3D\EDFN
3HULRG
(years)
&RPSRQHQW
(8/(years)
8SJUDGH%XLOGLQJ/LJKWLQJWR/('DQG,QVWDOO
$XWRPDWLF/LJKWLQJ&RQWUROV
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
8WLOLW\$QDO\VLV
(VWDEOLVKLQJWKH HQHUJ\ EDVHOLQH EHJLQVZLWK DQ DQDO\VLV RIWKH XWLOLW\ FRVW DQG FRQVXPSWLRQRIWKHIDFLOLW\8WLOL]LQJWKH KLVWRULFDOHQHUJ\GDWDDQGORFDOZHDWKHULQIRUPDWLRQZHHYDOXDWHWKHH[LVWLQJXWLOLW\FRQVXPSWLRQDQGDVVLJQLWWRWKHYDULRXV HQGXVHVWKURXJKRXWWKHEXLOGLQJV7KH+LVWRULFDO'DWD$QDO\VLVEUHDNVGRZQXWLOLWLHVE\FRQVXPSWLRQ FRVWDQGDQQXDO SURILOH
7KLVGDWDLVDQDO\]HGXVLQJVWDQGDUGHQJLQHHULQJDVVXPSWLRQVDQGSUDFWLFHV7KHDQDO\VLVVHUYHVWKHIROORZLQJIXQFWLRQV
$OORZVRXUHQJLQHHUVWREHQFKPDUNWKHHQHUJ\DQGZDWHUFRQVXPSWLRQRIWKHIDFLOLWLHVDJDLQVWFRQVXPSWLRQRIHIILFLHQW EXLOGLQJVRIVLPLODUFRQVWUXFWLRQXVHDQGRFFXSDQF\
*HQHUDWHVWKHKLVWRULFDODQGFXUUHQWXQLWFRVWVIRUHQHUJ\DQGZDWHU 3URYLGHVDQLQGLFDWLRQRIKRZZHOOFKDQJHVLQHQHUJ\FRQVXPSWLRQFRUUHODWHWRFKDQJHVLQZHDWKHU 5HYHDOVSRWHQWLDORSSRUWXQLWLHVIRUHQHUJ\FRQVXPSWLRQDQGRUFRVW UHGXFWLRQ)RUH[DPSOHWKHDQDO\VLVPD\LQGLFDWH WKDWWKHUHLVH[FHVVLYHVLPXOWDQHRXVKHDWLQJDQGFRROLQJZKLFKPD\PHDQWKDWWKHUHLVDQRSSRUWXQLW\WRLPSURYHWKH FRQWURORIWKHKHDWLQJDQGFRROLQJV\VWHPV
%\ SHUIRUPLQJ WKLV DQDO\VLV DQG OHYHUDJLQJ RXU H[SHULHQFH RXU HQJLQHHUV SULRULWL]H EXLOGLQJV DQG SLQSRLQW V\VWHPV IRU DGGLWLRQDOLQYHVWLJDWLRQGXULQJWKHVLWHYLVLWWKHUHE\PD[LPL]LQJWKHEHQHILWRIWKHLUWLPHVSHQWRQVLWHDQGPLQLPL]LQJWLPH DQGHIIRUWE\WKHFXVWRPHU¶VSHUVRQQHO
1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHFOLHQWDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VDUHVXOW%XUHDX 9HULWDVKDVXVHGWKHXWLOLW\UDWHIURPRWKHUSURSHUWLHVZLWKLQWKHVDPHJHRJUDSKLFDOUHJLRQKDYLQJVLPLODUFRQVWUXFWLRQOD\RXW DQGXVDJHSDWWHUQV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWDIURPWKHFOLHQW (VWLPDWHG8WLOLW\5DWHV
(OHFWULFLW\ :DWHUDQG6HZHU
N:K &&)
7KHGDWDDQDO\]HGSURYLGHVWKHIROORZLQJLQIRUPDWLRQ
EUHDNGRZQRIXWLOLWLHVE\FRQVXPSWLRQ
FRVWDQGDQQXDOSURILOH
EDVHOLQH FRQVXPSWLRQLQWHUPVRIHQHUJ\XWLOLW\DWWKHIDFLOLW\ WKH(QHUJ\8VH,QGH[RU%786)DQGFRVW6))RU
PXOWLSOHZDWHUPHWHUVWKHXWLOLW\GDWDLVFRPELQHGWRLOOXVWUDWHDQQXDOFRQVXPSWLRQIRUHDFKXWLOLW\W\SH
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(OHFWULFLW\
1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHFOLHQWDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VDUHVXOW%XUHDX 9HULWDVKDVXVHGWKHHOHFWULF UDWHIURPRWKHUSURSHUWLHVZLWKLQWKHVDPHJHRJUDSKLFDO UHJLRQKDYLQJVLPLODUFRQVWUXFWLRQ OD\RXWDQGXVDJHSDWWHUQV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWDIURPWKHFOLHQW :DWHUDQG6HZHU
7KH&LW\RI*OHQGRUDVDWLVILHVWKHZDWHUDQGVHZHUUHTXLUHPHQWVRIWKHIDFLOLW\7KHELOOLQJIRUWKHZDWHUDQGVHZHULVPRQWKO\ 1RWH
1RZDWHUDQGVHZHUXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHFOLHQWDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VD UHVXOW%XUHDX9HULWDVKDVXVHGDUDWHIURPRWKHUSURSHUWLHVZLWKLQWKHVDPHJHRJUDSKLFDOUHJLRQKDYLQJVLPLODUFRQVWUXFWLRQ OD\RXWDQGXVDJHSDWWHUQV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWD 3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(QHUJ\6WDU3RUWIROLR0DQDJHU)DFLOLW\6XPPDU\
%XUHDX9HULWDVXVHVWKH3RUWIROLR0DQDJHUWRROGHYHORSHGE\WKH)HGHUDO(QYLURQPHQWDO3URWHFWLRQ$JHQF\WRWUDFNUHODWLYH HQHUJ\XVHVRIEXLOGLQJVE\SURSHUW\W\SH7KLVWRRODOORZVWKHLQSXWRIDIDFLOLW\¶VKLVWRULFXWLOLW\GDWDWREHFRPSDUHGZLWK QRUPDOL]HGGDWDRIDODUJHGDWDEDVHRILWVSHHUIDFLOLWLHV 1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHFOLHQWDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VDUHVXOW%XUHDX 9HULWDVKDVQRWHYDOXDWHGWKHHQHUJ\EHQFKPDUNLQJIRUWKHIDFLOLW\%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKH DFWXDOGDWD
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
2SHUDWLRQV 0DLQWHQDQFH3ODQ
7KHTXDOLW\RIWKHPDLQWHQDQFHDQGWKHRSHUDWLRQRIWKHIDFLOLW\¶VHQHUJ\V\VWHPVKDYHDGLUHFWHIIHFWRQLWVRYHUDOOHQHUJ\ HIILFLHQF\(QHUJ\HIILFLHQF\QHHGVWREHDFRQVLGHUDWLRQZKHQLPSOHPHQWLQJIDFLOLW\PRGLILFDWLRQVHTXLSPHQWUHSODFHPHQWV DQGJHQHUDOFRUUHFWLYHDFWLRQV7KHIROORZLQJLVDOLVWRIDFWLYLWLHVWKDWVKRXOGEHSHUIRUPHGDVSDUWRIWKHURXWLQHPDLQWHQDQFH SURJUDPIRUWKH SURSHUW\ 7KHVH DFWLRQV ZLOO HQVXUHWKDWWKH HQHUJ\ FRQVHUYDWLRQPHDVXUHV LGHQWLILHG LQWKLV UHSRUW ZLOO UHPDLQHIIHFWLYH7KHIROORZLQJJHQHUDOUHFRPPHQGDWLRQVVKRXOGEHFRQWLQXHGRULPSOHPHQWHG %XLOGLQJ(QYHORSH
(QVXUHWKDWWKHEXLOGLQJHQYHORSHKDVSURSHUFDXONLQJDQGZHDWKHUVWULSSLQJ 3DWFKKROHVLQWKHEXLOGLQJHQYHORSHZLWKIRDPLQVXODWLRQDQGILUHUDWHGFDXONDURXQGFRPEXVWLRQYHQWV ,QVSHFWEXLOGLQJYHQWVVHPLDQQXDOO\IRUELUGLQIHVWDWLRQ /LJKWLQJ
8VHHQHUJ\HIILFLHQWUHSODFHPHQWODPSV
/('V
&OHDQOLJKWLQJIL[WXUHUHIOHFWLYHVXUIDFHVDQGWUDQVOXFHQWFRYHUV (QVXUHWKDWWLPHUVDQGRUSKRWRFHOOVDUHRSHUDWLQJFRUUHFWO\RQH[WHULRUOLJKWLQJ 3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
&HUWLILFDWLRQ
&LW\RI*OHQGRUD
WKH&OLHQW
UHWDLQHG%XUHDX9HULWDVWRSHUIRUPWKLV)DFLOLW\&RQGLWLRQ$VVHVVPHQWLQFRQQHFWLRQZLWKLWV FRQWLQXHGRSHUDWLRQRI3D\13OD\5DFTXHWEDOO:HVW'DZVRQ$YHQXH*OHQGRUD&DOLIRUQLD WKH³3URSHUW\´,WLV
RXUXQGHUVWDQGLQJWKDWWKHSULPDU\LQWHUHVWRIWKH&OLHQWLVWRORFDWHDQGHYDOXDWHPDWHULDOVDQGEXLOGLQJV\VWHPGHIHFWVWKDW PLJKWVLJQLILFDQWO\DIIHFWWKHYDOXHRIWKHSURSHUW\DQGWRGHWHUPLQHLIWKHSUHVHQW3URSHUW\KDVFRQGLWLRQVWKDWZLOOKDYHD VLJQLILFDQWLPSDFWRQLWVFRQWLQXHGRSHUDWLRQV
7KHFRQFOXVLRQVDQGUHFRPPHQGDWLRQVSUHVHQWHGLQWKLVUHSRUWDUHEDVHGRQWKHEULHIUHYLHZRIWKHSODQVDQGUHFRUGVPDGH DYDLODEOH WR RXU 3URMHFW 0DQDJHU GXULQJ WKH VLWH YLVLW LQWHUYLHZV RI DYDLODEOH SURSHUW\ PDQDJHPHQW SHUVRQQHO DQG PDLQWHQDQFHFRQWUDFWRUVIDPLOLDUZLWKWKH3URSHUW\DSSURSULDWHLQTXLU\RIPXQLFLSDODXWKRULWLHVRXU3URMHFW0DQDJHU¶VZDON WKURXJKREVHUYDWLRQVGXULQJWKHVLWHYLVLWDQGRXUH[SHULHQFHZLWKVLPLODUSURSHUWLHV 1R WHVWLQJ H[SORUDWRU\ SURELQJ GLVPDQWOLQJ RU RSHUDWLQJ RI HTXLSPHQW RU LQGHSWK VWXGLHV ZHUH SHUIRUPHG XQOHVV VSHFLILFDOO\ UHTXLUHGXQGHUWKHPurpose and Scope VHFWLRQRIWKLV UHSRUW7KLVDVVHVVPHQWGLGQRWLQFOXGHHQJLQHHULQJ FDOFXODWLRQV WR GHWHUPLQH WKH DGHTXDF\ RI WKH 3URSHUW\¶V RULJLQDO GHVLJQ RU H[LVWLQJ V\VWHPV $OWKRXJK ZDONWKURXJK REVHUYDWLRQVZHUHSHUIRUPHGQRWDOODUHDVPD\KDYHEHHQREVHUYHG VHH6HFWLRQIRUVSHFLILFGHWDLOV
7KHUHPD\EH
GHIHFWVLQWKH3URSHUW\ZKLFKZHUHLQDUHDVQRWREVHUYHGRUUHDGLO\DFFHVVLEOHPD\QRWKDYHEHHQYLVLEOHRUZHUHQRW GLVFORVHG E\ PDQDJHPHQW SHUVRQQHO ZKHQ TXHVWLRQHG 7KH UHSRUW GHVFULEHV SURSHUW\ FRQGLWLRQV DW WKH WLPH WKDW WKH REVHUYDWLRQVDQGUHVHDUFKZHUHFRQGXFWHG
7KLVUHSRUWKDVEHHQSUHSDUHGIRUDQGLVH[FOXVLYHO\IRUWKHXVHDQGEHQHILWRIWKH&OLHQWLGHQWLILHGRQWKHFRYHUSDJHRIWKLV UHSRUW7KHSXUSRVHIRUZKLFKWKLVUHSRUWVKDOOEHXVHGVKDOOEHOLPLWHGWRWKHXVHDVVWDWHGLQWKHFRQWUDFWEHWZHHQWKHFOLHQW DQG%XUHDX9HULWDV
7KLVUHSRUWRUDQ\RIWKHLQIRUPDWLRQFRQWDLQHGWKHUHLQLVQRWIRUWKHXVHRUEHQHILWRIQRUPD\LWEHUHOLHGXSRQE\DQ\ RWKHUSHUVRQRUHQWLW\IRUDQ\SXUSRVHZLWKRXWWKHDGYDQFHZULWWHQFRQVHQWRI%XUHDX9HULWDV$Q\UHXVHRUGLVWULEXWLRQ ZLWKRXWVXFKFRQVHQWVKDOOEHDWWKHFOLHQW
VRUUHFLSLHQW
VVROHULVNZLWKRXWOLDELOLW\WR%XUHDX9HULWDV
3UHSDUHGE\
8VDPD$QZDU
3URMHFW0DQDJHU
5HYLHZHGE\
&DUO$OHMDQGUR
7HFKQLFDO5HSRUW5HYLHZHUIRU
0DU\9HQDEOH
3URJUDP0DQDJHU
PDU\YHQDEOH#EXUHDXYHULWDVFRP
[
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGLFHV
$SSHQGL[$
3KRWRJUDSKLF5HFRUG
$SSHQGL[%
6LWH3ODQ
$SSHQGL[&
3UH6XUYH\4XHVWLRQQDLUH
$SSHQGL['
$FFHVVLELOLW\5HYLHZDQG3KRWRV
$SSHQGL[(
&RPSRQHQW&RQGLWLRQ5HSRUW
$SSHQGL[)
5HSODFHPHQW5HVHUYHV
$SSHQGL[*
(TXLSPHQW,QYHQWRU\/LVW
$SSHQGL[+
(QHUJ\&RQVHUYDWLRQ0HDVXUHV&DOFXODWLRQV
$SSHQGL[,
/LJKWLQJ6\VWHP6FKHGXOH
$SSHQGL[-
(QHUJ\$XGLW*ORVVDU\RI7HUPV
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[$
3KRWRJUDSKLF5HFRUG
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP_S
)5217(/(9$7,21 /()7(/(9$7,21
5($5(/(9$7,21 5,*+7(/(9$7,21
02',),('%,780(1522),1* &/$<7,/(522),1*
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP_S
6758&785$/29(59,(: 5$&48(7%$//&285729(59,(:
5(67522029(59,(: 522)02817('(;+$867)$1
',675,%87,213$1(/ 62/$502'8/(6
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP_S
62/$532:(5,19(57(5 &$53257
6,*1$*( 0(7$/5$,/6
&21&5(7(6,'(:$/. 3$5.,1*/27
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[%
6LWH3ODQ
6LWH3ODQ
3URMHFW1XPEHU 3URMHFW1DPH
5
3D\13OD\5DFTXHWEDOO
6RXUFH 2Q6LWH'DWH
*RRJOH 1RYHPEHU
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[&
3UH6XUYH\4XHVWLRQQDLUH
%XLOGLQJ)DFLOLW\1DPH
3D\13OD\5DFTXHWEDOO
1DPHRISHUVRQFRPSOHWLQJIRUP
5\DQ+DFHFN\
7LWOH$VVRFLDWLRQZSURSHUW\
/HQJWKRIWLPHDVVRFLDWHGZSURSHUW\
'DWH&RPSOHWHG
3KRQH1XPEHU
<HDU
V
FRQVWUXFWHG
%XLOGLQJVL]HLQ6)
0DMRU5HQRYDWLRQ5HKDELOLWDWLRQ
8QNQRZQ
1HZIORRUFRYHULQJVLQWKUHHFRXUWV
8QNQRZQ
%9)$&,/,7<&21',7,21$66(660(17
35(6859(<48(67,211$,5(
'LUHFWLRQV
3OHDVHDQVZHUDOOTXHVWLRQVWRWKHEHVWRI\RXUNQRZOHGJHDQGLQJRRGIDLWK3OHDVHSURYLGHDGGLWLRQDOGHWDLOVLQWKH &RPPHQWVFROXPQRUEDFNXSGRFXPHQWDWLRQIRUDQ\<HVUHVSRQVHV 'DWD2YHUYLHZ
/LVWRWKHUVLJQLILFDQWFDSLWDO
LPSURYHPHQWV
IRFXVRQUHFHQW\HDUV
SURYLGHDSSUR[LPDWHGDWH
/LVWDQ\PDMRUFDSLWDOH[SHQGLWXUHV
SODQQHGUHTXHVWHGIRUWKHQH[WIHZ
\HDUV+DYHWKH\EHHQEXGJHWHG"
'HVFULEHDQ\RQJRLQJH[WUHPHO\
SUREOHPDWLFKLVWRULFDOO\FKURQLFRU
LPPHGLDWHIDFLOLW\QHHGV
5HVSRQVH
$FFHVVLELOLW\
6)
$GGLWLRQDO'HWDLO
0HWKRGRI&RPSOHWLRQ
'85,1*YHUEDOO\FRPSOHWHGGXULQJDVVHVVPHQW
)DFDGH
5RRI
,QWHULRUV
+9$&
(OHFWULFDO
6LWH3DYHPHQW
8QNQRZQ
1RQH
1RQH
1$
1(ZIORRULQJLQFRXUWV
0LQRUEXOJLQJLVVXHVLGHQWXILHG
1RQH
&RQVWUXFWHG 5HQRYDWHG
<HDU
3URSHUW\LVOHDVHG
0DUNWKHFROXPQFRUUHVSRQGLQJWRWKHDSSURSULDWHUHVSRQVH3OHDVHSURYLGHDGGLWLRQDOGHWDLOVLQWKH&RPPHQWVFROXPQRUEDFNXS GRFXPHQWDWLRQIRUDQ\<HVUHVSRQVHV
1$LQGLFDWHVNot Applicable8QNLQGLFDWHVUnknown
$UHWKHUHDQ\SUREOHPVZLWK
IRXQGDWLRQVRUVWUXFWXUHVOLNH
H[FHVVLYHVHWWOHPHQW"
$UHWKHUHDQ\ZDOOZLQGRZ
EDVHPHQWRUURRIOHDNV"
+DVDQ\SDUWRIWKHIDFLOLW\HYHU
FRQWDLQHGYLVLEOHVXVSHFWPROG
JURZWKRUKDYHWKHUHEHHQDQ\
LQGRRUDLUTXDOLW\FRPSODLQWV"
$UH\RXUHOHYDWRUVXQUHOLDEOHZLWK
IUHTXHQWVHUYLFHFDOOV"
$UHWKHUHDQ\SOXPELQJOHDNVZDWHU
SUHVVXUHRUFORJJLQJEDFNXSLVVXHV"
+DYHWKHUHEHHQDQ\OHDNVRU
SUHVVXUHSUREOHPVZLWKQDWXUDOJDV
+9$&SLSLQJRUVWHDPVHUYLFH"
$UHDQ\DUHDVRIWKHIDFLOLW\
LQDGHTXDWHO\KHDWHGFRROHGRU
YHQWLODWHG"3RRUO\LQVXODWHGDUHDV"
,VWKHHOHFWULFDOVHUYLFHRXWGDWHG
XQGHUVL]HGRUSUREOHPDWLF"
$UHWKHUHDQ\SUREOHPVRU
LQDGHTXDFLHVZLWKH[WHULRUOLJKWLQJ"
,VVLWHSDUNLQJGUDLQDJHLQDGHTXDWH
ZLWKH[FHVVLYHSRQGLQJRURWKHU
SUREOHPV"
$UHWKHUHDQ\RWKHUXQUHVROYHG
FRQVWUXFWLRQGHIHFWVRUVLJQLILFDQW
LVVXHVKD]DUGVDWWKHSURSHUW\WKDW
KDYHQRW\HWEHHQLGHQWLILHGDERYH"
$'$
+DVDQDFFHVVLELOLW\VWXG\EHHQ
SUHYLRXVO\SHUIRUPHG",IVRZKHQ"
$'$
+DYHDQ\$'$LPSURYHPHQWV
EHHQPDGHWRWKHSURSHUW\VLQFH
RULJLQDOFRQVWUXFWLRQ"'HVFULEH
$'$
+DVEXLOGLQJPDQDJHPHQW
UHSRUWHGDQ\DFFHVVLELOLW\EDVHG
FRPSODLQWVRUOLWLJDWLRQ"
4XHVWLRQ 5HVSRQVH &RPPHQWV
Signature of Assessor Signature of POC
<HV 1R 8QN 1$
$UHDQ\DUHDVRIWKHSURSHUW\OHDVHG
WRRXWVLGHRFFXSDQWV"
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL['
$FFHVVLELOLW\5HYLHZDQG3KRWRV
9LVXDO&KHFNOLVW$'$6WDQGDUGVIRU$FFHVVLEOH'HVLJQ $EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
)DFLOLW\+LVWRU\ ,QWHUYLHZ
4XHVWLRQ <HV 1R 8QN &RPPHQWV
+DVDQDFFHVVLELOLW\VWXG\EHHQSUHYLRXVO\
SHUIRUPHG",IVRZKHQ"
+DYHDQ\$'$LPSURYHPHQWVEHHQPDGHWR
WKHSURSHUW\VLQFHRULJLQDOFRQVWUXFWLRQ"
'HVFULEH
+DVEXLOGLQJPDQDJHPHQWUHSRUWHGDQ\
DFFHVVLELOLW\EDVHGFRPSODLQWVRUOLWLJDWLRQ"
5
3URSHUW\1DPH
%93URMHFW1XPEHU
3D\13OD\5DFTXHWEDOO
3DUNLQJ
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
29(59,(:2)$&&(66,%/(3$5.,1*$5($ 1'$5($2)$&&(66,%/(3$5.,1* 4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RHVWKHUHTXLUHGQXPEHURIVWDQGDUG$'$
GHVLJQDWHGVSDFHVDSSHDUWREHSURYLGHG"
'RHVWKHUHTXLUHGQXPEHURIYDQDFFHVVLEOH
GHVLJQDWHGVSDFHVDSSHDUWREHSURYLGHG"
$UHDFFHVVLEOHVSDFHVRQWKHVKRUWHVW
DFFHVVLEOHURXWHWRDQDFFHVVLEOHEXLOGLQJ
HQWUDQFH"
'RHVSDUNLQJVLJQDJHLQFOXGHWKH,QWHUQDWLRQDO
6\PERORI$FFHVVLELOLW\"
'RHVHDFKDFFHVVLEOHVSDFHKDYHDQDGMDFHQW
DFFHVVDLVOH"
'RSDUNLQJVSDFHVDQGDFFHVVDLVOHVDSSHDU
WREHUHODWLYHO\OHYHODQGZLWKRXWREVWUXFWLRQ"
([WHULRU$FFHVVLEOH5RXWH
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
$&&(66,%/(3$7+ 1'3$7+:$<
4XHVWLRQ <HV 1R 1$ &RPPHQWV
,VDQDFFHVVLEOHURXWHSUHVHQWIURPSXEOLF
WUDQVSRUWDWLRQVWRSVDQGPXQLFLSDOVLGHZDONV
RQRULPPHGLDWHO\DGMDFHQWWRWKHSURSHUW\"
'RHVDPLQLPXPRIRQHDFFHVVLEOHURXWH
DSSHDUWRFRQQHFWDOOSXEOLFDUHDVRQWKH
H[WHULRUVXFKDVSDUNLQJDQGRWKHURXWGRRU
DPHQLWLHVWRDFFHVVLEOHEXLOGLQJHQWUDQFHV"
$UHFXUEUDPSVSUHVHQWDWWUDQVLWLRQVWKURXJK
UDLVHGFXUEVRQDOODFFHVVLEOHURXWHV"
'RFXUEUDPSVDSSHDUWRKDYHFRPSOLDQW
VORSHVIRUDOOFRPSRQHQWV"
'RUDPSUXQVRQDQDFFHVVLEOHURXWHDSSHDU
WRKDYHFRPSOLDQWVORSHV"
'RUDPSUXQVRQDQDFFHVVLEOHURXWHDSSHDU
WRKDYHDFRPSOLDQWULVHDQGZLGWK"
'RUDPSVRQDQDFFHVVLEOHURXWHDSSHDUWR
KDYHFRPSOLDQWHQGDQGLQWHUPHGLDWH
ODQGLQJV"
'RUDPSVDQGVWDLUVRQDQDFFHVVLEOHURXWH
DSSHDUWRKDYHFRPSOLDQWKDQGUDLOV"
)RUVWDLUZD\VWKDWDUHRSHQXQGHUQHDWKDUH
SHUPDQHQWEDUULHUVSUHVHQWWKDWSUHYHQWRU
GLVFRXUDJHDFFHVV"
%XLOGLQJ(QWUDQFHV
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
0$,1(175$1&( '225+$5':$5(
4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RDVXIILFLHQWQXPEHURIDFFHVVLEOH
HQWUDQFHVDSSHDUWREHSURYLGHG"
,IWKHPDLQHQWUDQFHLVQRWDFFHVVLEOHLVDQ
DOWHUQDWHDFFHVVLEOHHQWUDQFHSURYLGHG"
,VVLJQDJHSURYLGHGLQGLFDWLQJWKHORFDWLRQRI
DOWHUQDWHDFFHVVLEOHHQWUDQFHV"
'RGRRUVDWDFFHVVLEOHHQWUDQFHVDSSHDUWR
KDYHFRPSOLDQWPDQHXYHULQJFOHDUDQFHDUHD
RQHDFKVLGH"
'RGRRUVDWDFFHVVLEOHHQWUDQFHVDSSHDUWR
KDYHFRPSOLDQWKDUGZDUH"
'RRUNQREVVKRXOGEHUHSODFHGZLWK
OHYHUKDQGOHV
'RGRRUVDWDFFHVVLEOHHQWUDQFHVDSSHDUWR
KDYHDFRPSOLDQWFOHDURSHQLQJZLGWK"
'RSDLUVRIDFFHVVLEOHHQWUDQFHGRRUVLQ
VHULHVDSSHDUWRKDYHWKHPLQLPXPFOHDU
VSDFHEHWZHHQWKHP"
'RWKUHVKROGVDWDFFHVVLEOHHQWUDQFHVDSSHDU
WRKDYHDFRPSOLDQWKHLJKW"
3XEOLF5HVWURRPV
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
72,/(767$//29(59,(: 6,1.)$8&(7+$1'/(6$1'$&&(6625,(6 4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RSXEOLFO\DFFHVVLEOHWRLOHWURRPVDSSHDUWR
KDYHDPLQLPXPFRPSOLDQWIORRUDUHD"
'RHVWKHODYDWRU\DSSHDUWREHPRXQWHGDWD
FRPSOLDQWKHLJKWDQGZLWKFRPSOLDQWNQHH
DUHD"
'RHVWKHODYDWRU\IDXFHWKDYHFRPSOLDQW
KDQGOHV"
,VWKHSOXPELQJSLSLQJXQGHUODYDWRULHV
FRQILJXUHGWRSURWHFWDJDLQVWFRQWDFW"
$UHJUDEEDUVSURYLGHGDWFRPSOLDQWORFDWLRQV
DURXQGWKHWRLOHW"
'RWRLOHWVWDOOGRRUVDSSHDUWRSURYLGHWKH
PLQLPXPFRPSOLDQWFOHDUZLGWK"
'RWRLOHWVWDOOVDSSHDUWRSURYLGHWKHPLQLPXP
FRPSOLDQWFOHDUIORRUDUHD"
:KHUHPRUHWKDQRQHXULQDOLVSUHVHQWLQD
PXOWLXVHUUHVWURRPGRHVPLQLPXPRQHXULQDO
DSSHDUWREHPRXQWHGDWDFRPSOLDQWKHLJKW
DQGZLWKFRPSOLDQWDSSURDFKZLGWK"
'RDFFHVVRULHVDQGPLUURUVDSSHDUWREH
PRXQWHGDWDFRPSOLDQWKHLJKW"
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[(
&RPSRQHQW&RQGLWLRQ5HSRUW
!
"#$%$ &'()*+')*,-"./012)324(05678)39(6,67:6;0<(#7#%$.=> ?@$A$ ?*</5<3+BC,6(<)(=0<(.,0<(D:0E;:0</F7G6,0/7:6H<3<F' >$I=# ?%$@$ ?*</5<3+6C,6(<)(=0<(BC,6(<)(J0//F703K;0<3,65F*(H0967L(6;ML0<3,%7AN$.=O ?%$O$ ?*</5<3+BC,6(<)(=0<(BC,6(<)(P))(7.,66/7.,0350(5 QR
S
T
?>$@$ :))H=0<(:))H<3+7G)5<H<65?<,*E63 #7>O$.=>
?>$@$ :))H=0<(:))H<3+78/0KD8)39(6,6&</6 @7$Q$.=O
?>$%$.<,6=0<(:))H";;*(,630396F7:))H"996FFI0556(7.,66/>$I=R
8%$@$ &'()*+')*,1*</5<3+L))( J0//=<3<F'6F703KF*(H0967L(6;ML0<3,A7$$$.=% 8%$>$ :09U*6,10//())EF -"=/))(<3+7:*116(&</6 @7##$.=> 8%$>$:09U*6,10//9)*(,F=0<(=/))(<3+7:*116(&</6 %7@R$.=> 8%$O$ :6F,())EF L))(86</<3+=<3<F'6F74K;F*E?)0(5DL/0F,6(7:6;0<(@O$.=$ 8%$O$ &'()*+')*,1*</5<3+=0<(86</<3+=<3<F'6F703KH/0,F*(H0967L(6;ML0<3,#7#%$.=>
T
P%$@$ &'()*+')*,1*</5<3+=0<(L/*E1<3+.KF,6E7.*;;/KM.03<,0(K7I)VP63F<,KW<39/*56FH<C,*(6FX#7#%$.=N P%$@$ :6F,())EF =0<(&)</6,78)EE6(9<0/J0,6(8/)F6, @A
P%$@$:6F,())EF =0<(.<3YDI0Z0,)(K7J0//2[*3+7\<,(6)*F8'<30 @O ]^
P>$R$:))H=0<(BC'0*F,=037:))H)(J0//2G)*3,657@R_P0E;6( @# P>$R$:))H=0<(BC'0*F,=037:))H)(J0//2G)*3,657@R_P0E;6(@ > P>$R$:))H=0<(BC'0*F,=037:))H)(J0//2G)*3,657@R_P0E;6( @>
!"#$#%&&'()*+,-.)/01()23%&&'&+4)5567&/21893:$;!)<=8+ :" !"#$#%&&'()*+,-.)/01()23%&&'&+4)5567&/21893:$;!)<=8+ :"
!>#:# ?.+&/@.&/1AB(*+8C/==+800*&2CD018<3(/55CD018<E201)55F%81+&'*13G&H!820*1DFI&<=58-*1D3E201)55>3>J#C(K L
!M#:# N)+O*2@5&1()*+C&5)+N&H8+3N.&1&P&51)*QRNSTN)2853J>C(K#U !M#:# N)+O*2@5&1()*+C&5)+N&H8+3E2P8+18+ :M
!M#J# ,58Q1+*Q)5+&&<()*+!*01+*V/1*&2N)2853:J#FJ#WS3>##B7N : " !M#"#?.+&/@.&/1V/*59*2@()*+,58Q1+*Q)5CD018<34*+*2@XCH*1Q.803BP8+)@8&+G&H!820*1DFI&<=58-*1D>3>J#C($ !M#># ?.+&/@.&/1V/*59*2()*+E218+*&+G*@.1*2@CD018<3(/55Y=@+)983789*/<!820*1DXC1)29)+9(*-1/+80>3>J#C($ !M#># Z/*59*2@8-18+*&+()*+G*@.1*2@I&21+&503!*<<*2@N)2853C1)29)+9 :"
[L
\
!K#"#Y1*5*1DQ5&081()*+C8Q/+*1DN)2853B22/2Q*)1&+ :M
!K#"# ?.+&/@.&/1V/*59*2@()*+C8Q/+*1DFC/+P8*55)2Q8CD018<3(/55CD018<Y=@+)983BP8+)@8!820*1D>3>J#C(M !K#M#?.+&/@.&/1AB(*+8B5)+<CD018<3(/55CD018<Y=@+)983C*<=58B99+800)V583E201)55>3>J#C(K
]
[^_`
aJ#J#C*18()*+N)+O*2@G&103N)P8<8213B0=.)5137*55XbP8+5)D:#3###C($ aJ#J# C*18N&&+N)+O*2@G&103N)P8<8213B0=.)513C8)5XC1+*=8:#3###C(J aJ#"#C*18()*+C*98H)5O3I&2Q+8183C<)55B+8)0FC8Q1*&20:3>##C(:>\ `
_
aJ#$# C*18()*+N*Q2*Q?)V583781)5N&H98+6I&)189 :$
aJ#$#Z/*59*2@8-18+*&+()*+N)+OZ82Q.34&&9FI&<=&0*18F(*V8+@5)00 :> aJ#$#C*18()*+?+)0.%8Q8=1)Q583789*/<6!/1D781)5&+N+8Q)01 :> aJ#$#C*18()*+(82Q80Xa)1803(82Q83I.)*2G*2O$cJUMG(" aJ#$#C*18()*+C*@2)@83N+&=8+1D37&2/<8213%8=5)Q8FE201)55: M
!"#$#%&'()*&+,+*-./(0(1'*02(34(5&67896':4('*2;+<+(0*-' => !"#$#%&'()*&+%&?@*?(3<+;1(+':3A6&25&@?;+<;2(84;6@'(53/(12*0(BC@-'*22 => !"#$# %&'()*&+%&?@*?(3<+;1(+':3A6&25&@?84;6@'(5C@5&D&56*2E(''(+-3/(12*0(BC@-'*22="> !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =M !F#>#<*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =N !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 => !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =N !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 => !F#>#)*&+LH'(+&;+%&'(E&?.'&@?3O*22<*0G3*@:':1(IBEL93>#';=#>O "$ !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =F !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =M !F#>#<*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =N !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =N !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =F !F#>#<*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 ==" !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =F !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(12*0(7(@'3/(12*0(BC@-'*22 =$ !F#># <*+G&@?2;')*&+<;2(E&?.')&H'6+(IBE*71-3*@:':1("#JK&?.3IBEL9/(1*20(7(@'3/(12*0(BC@-'*22 =M PQR
<"#S#,.+;6?.;6'T6&25&@?<;;+L@?&@((+&@?%'65:3%'+60'6+*23%61(+-'+60'6+(3LD*26*'(B/(1;+' =# 3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[)
5HSODFHPHQW5HVHUYHV
!
!"
#
$
#
%&'
(
%)&'
*&+,-./0&))123425616157487515324679157495:19;435512594368125542621554;:3155249:516161794:3<12;435313;458<12<42691612646:21;:4:8:1617;4:67=!>! !>
?
$
" =!
>!==>
=
!> => =
>
=! >
=!>!!=>
=!> === >
=!
>
=
>
=!>! ==!>!=
>
==
>=!>!
!>
@A
B$
C
DCB
C
A
E#@F#GH@ I @ @
B
J
K
L
MN
!
!CA
#
O:656PQRS-TQS-/;2;9962U)&0VSWVXR&Y.4
ZSW+R./.4
*.[&\R;3;5 7::56U]12:^6612<9^61<7437<
1<7437<
=>
_26<6_-\)Y\WT
`a/.R\SR;277:26U/&\Rb*&c[
*&\)d4
e./&)4
*.f\W\dQ26 8 :76g]12^3615^67182
182
182
=!
_5626_-\)Y\WT
.a/.R\SR;2;;;;8`a/.R\SR
h&))d4
&W'
[&\W/.Y
d-Rf&+.4
%R.[
i
%&\W/26 3 35<;6U]17^661:^63122485:
122485:
122485:
=>
_5636_-\)Y\WT
`a/.R\SR;277::7`a/.R\SR
jSSR4
U/..)4
U/&WY&RY4
*.[)&+.:67:8 9`O1866^661<26^661;4596
1;4596
=
>
_7626*SSf;277:5;*SSf\WT4
Z)&'bZSW+R./.
P\).4
*.[)&+.36:3 32696U]12;^66155^931534628
1534628
=
>!
_7626*SSf;277::9*SSWf\T4
eSY\f\.Y
_\/-c.W4
*.[)&+.562; 7:736U]126^66127^3613<4;53
13<4;53
=
>
_7656U\/.;277:63*SSf
O[[-R/.W&W+.d4
*SSf
O++.dd
g&YY.R4
U/..)4
*.[)&+.:67:876g]196^661252^361748:3
1748:3
=>
Z5626PQRS-TQS-/
0-\)Y\WT;277:2:h&))
]\W\dQ.d4
&W'
d-Rf&+.4
%R.[
i
%&\W/26 < 5<666U]12^3615^671284566
1284566
1284566
=>
Z5676*&+,-./0&))
+S-R/d;277:65])SSR\WT4
*-00.R
P\).4
*.[)&+.2325 75286U]19^66125^2315845::
15845::
15845::
=
>
Z5676*&+,-./0&))
RSScd ;277::6])SSR\WT4
*-00.R
P\).4
*.[)&+.2325 72::6U]19^66125^2312;4:98
12;4:98
12;4:98
=>
Z5636*.d/RSScd ;277:57Z.\)\WT
]\W\dQ.d4
X'[d-c
_S&RYb%)&d/.4R
*.[&\R 6 6 6236U]1<^66126^<6124856124856
=!>
Z5636PQRS-TQS-/
0-\)Y\WT;277:73Z.\)\WT
]\W\dQ.d4
&W'
f)&/
d-Rf&+.4
%R.[
i
%&\W/26 ; 7::56U]15^6615^;6122497:
122497:
122497:
=>
j5626PQRS-TQS-/
0-\)Y\WT;277:6:%)-c0\WT
U'd/.c4
U-[[)'
i
U&W\/&R'4
gSk
j.Wd\/'
l\W+)-Y.d
f\a/-R.dm4
*.[)&+.:677 ;::56U]1;^6619^:31:24;89
1:24;89
=!>
j5626*.d/RSScd ;277:36U\Wnbg&o&/SR'4
h&))Vp-WT4
q\/R.S-d
ZQ\W&4
*.[)&+.76533 2`O124366^66154653^66154653
154653
=>
j5626*.d/RSScd ;277::;PS\)./4
ZScc.R+\&)
h&/.R
Z)Sd./4
*.[)&+.7655< 2`O124766^66124;33^66124;33
124;33
=!>
j7686*SSf;277:75`aQ&-d/
]&W4
*SSf
SR
h&)V)eS-W/.Y4
28r
j&c[.R4
*.[)&+.562;7 2`O154:66^661745:6^661745:6
1745:6
=>
j7686*SSf;277:37`aQ&-d/
]&W4
*SSf
SR
h&))VeS-W/.Y4
28r
j&c[.R4
*.[)&+.562;7 2`O154:66^661745:6^661745:6
1745:6
=>
j7686*SSf;277:2<`aQ&-d/
]&W4
*SSf
SR
h&))VeS-W./Y4
28r
j&c[.R4
*.[)&+.562;7 2`O154:66^661745:6^661745:6
1745:6
=>
j7686*SSf;277::3`aQ&-d/
]&W4
*SSf
SR
h&))VeS-W/.Y
428r
j&c[.R4
*.[)&+.562;7 2`O154:66^661745:6^661745:6
1745:6
=>
j7686*SSf;277:33`aQ&-d/
]&W4
*SSf
SR
h&))VeS-W/.Y4
28r
j&c[.R4
*.[)&+.5628: 2`O154:66^661745:6^661745:6
1745:6
=>
j:626PQRS-TQS-/;27:8:2]\R.
U-[[R.dd\SW
U'd/.c4
]-))
U'd/.c
sWd/&))b*./RSf\/4
gSk
j.Wd\/'bZSc[).a\/'4
sWd/&)):677 ;::56U]17^661:^6312;4962
12;4962
=!
> !
j3626%&Rn\WT
)S/;277:76US)&R
%Sk.R4
sWo.R/.R4
*.[)&+.23263 2`O184666^661<4266^661<4266
1<4266
1<4266=!
>
j3626%&Rn\WT
)S/;277:67US)&R
%Sk.R4
%QS/SoS)/&\+
l%qm
%&W.)4
5:
U]4
*.[)&+.56229;6`O124<66^66154:76^6612;64266
12;64266
=!
>!
j3656`).+/R\+& S)
RSc;277:6;j\d/R\0-/\SW
%&W.)4
256b56<
q4
:66
Oe%4
*.[)&+.765;7 2`O184666^661<4266^661<4266
1<4266
=>!
j3676PQRS-TQS-/
0-\)Y\WT;277:38`).+/R\+&)
U'd/.c4
h\R\WT
i
Uk\/+Q.d4
Oo.R&T.
SR
gSk
j.Wd\/'bZSc[).a\/'4
*.[)&+.:67: 8::56U]15^3617^7<12:492<
12:492<
=!> !
j36:6_-\)Y\WT
.a/.R\SR;277:28g\TQ/\WT
ZSW/RS)d4
j\cc\WT
%&W.)4
U/&WY&RY4
*.[)&+.562;7 2`O124;86^661547;8^661547;8
1547;8
=>
j36:6PQRS-TQS-/
0-\)Y\W;2;;;<7sW/.R\SR
g\TQ/\WT
U'd/.c4
]-))
t[TR&Y.4
e.Y\-c
j.Wd\/'
i
U/&WY&RY
]\a/-R.d4
*.[)&+.562: 8::56U]1:^3618^6<1584<35
1584<35
=
>
j;676PQRS-TQS-/
0-\)Y\WT;277:58U.+-R\/'bU-Ro.\))&W+.
U'd/.c4
]-))
U'd/.c
t[TR&Y.4
Oo.R&T.
j.Wd\/'4
*.[)&+.2326 3::56U]15^6615^;6122497:
122497:
122497:=>
j;676t/\)\/'
+)Sd./;277:22U.+-R\/'
%&W.)4
OWW-W+\&/SR4
*.[)&+.23263 2`O1366^6618;3^6618;3
18;3
18;3=!>
j;636PQSR-TQS-/;2;996:]\R.
O)&Rc
U'd/.c4
]-))
U'd/.c
t[TR&Y.4
U\c[).
OYYR.dd&0).4
sWd/&))5627 ;::56U]15^6615^;6122497:
122497:
=!!>
X5656U\/.;277:55%&Rn\WT
gS/d4
%&o.c.W/4
Od[Q&)/4
U.&)
i
U/R\[. 3 7 526666U]16^:316^821846;3
1846;3
1846;3
1846;3
1846;3
=>
X5656U\/.;277:53%&Rn\WT
gS/d4
%&o.c.W/4
Od[Q&)/4
e\))
i
uo.R)&'5329 826666U]17^361:^;71:;4536
1:;4536
=
>
X5676U .; \/ 277:7;U\Y.k&)n4
ZSW+R./.4
Uc&))
OR.&dbU.+/\SWd4
*.[)&+.36782:2:66U]156^6615;^6617;4<66
17;4<66
=
>
X5686U\/.;277:7:].W+.d
i
X&/.d4
].W+.4
ZQ&\W
g\Wn
8v4
*.[)&+.:67; 7593g]152^6615<^731<4787
1<4787
=>
X5686_-\)Y\WT
.a/.R\SR;277:39%&Rn
_.W+Q4
hSSYbZSc[Sd\/.b]\0.RT)&dd4
*.[)&+.5628: 2`O1866^661<26^661<26
1<26
=!
X5686U\/.;277::5PR&dQ
*.+.[/&+).4
e.Y\-cVj-/'
e./&)
SR
%R.+&d/4
*.[)&+.5628: 2`O1;66^6619:3^6619:3
19:3
=
X5686U\/.;277:78PR&dQ
*.+.[/&+).4
e.Y\-cVj-/'
e./&)
S%R
R.+&d/4
*.[)&+.56233 2`O1;66^6619:3^6619:3
19:3
=
X5686U\/.;277::2%\+W\+
P&0).4
e./&)
%SkY.RVZS&/.Y4
*.[)&+.562:8 2`O1;66^6619:3^6619:3
19:3
=
X5686U\/.;277:72U\TW&T.4
%RS[.R/'4
eSW-c.W/4
*.[)&+.bsWd/&))56233 2`O174666^661:4636^661:4636
1:4636
=>
X5686U\/.;277::8U\TW&T.4
%RS[.R/'4
_-\)Y\WT
SR
%S).VeS-W/.Y4
*.[)&+.bsWd/&))56233 2`O124366^66184353^66184353
184353
=
>
X5686U\/.;277:27U\TW&T.4
%RS[.R/'4
_-\)Y\WTVeS-W/.Y
sWY\o\Y-&)
g.//.Rd4
*.[)&+.bsWd/&))5623325`O1236^661565^36154:76
154:76
=>
X:636%&Rn\WT
)S/;277:3<%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5628: 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277::<%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5628: 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277:25%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5628: 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277:7<%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))56233 2`O1:4666^66134:66^66134:66
134:66
=
>X:636%&Rn\WT
)S/;277:5:%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))56233 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277:35%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))562:8 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277:77%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5627; 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277:3:%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5627; 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277:32%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5627; 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277:29%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5627; 2`O1:4666^66134:66^66134:66
134:66
=
>X:636%&Rn\WT
)S/;277:69%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5625< 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277:56%S.)
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5625< 2`O1:4666^66134:66^66134:66
134:66
=
>
X:636%&Rn\WT
)S/;277:68%S).
g\TQ/
]\a/-R.
kb
g&c[d4
&W'
/'[.
56v
p\TQ4
kb
g`j
*.[)&+.c.W/4
*.[)&+.bsWd/&))5625< 2`O1:4666^66134:66^66134:66
134:66
=
>
!"
#"$%
&
'
(
)
*+ ,-./01,,2,,,,,-,.,/,0,12,
"
34565789:;<=
>?@ABCC4DB7?>E
F;=G@
H;I@J9E
KL
F8MNOP
8<Q
@QNE
D5R
S;=GP
KL
FTU
VEN>8WEME<@P
VEN>8WELX<O@8>>D5 YBDBTZ[4P555\55[6P455\55[6P455
[6P455
]-^
3456578Q
_
7>8Q
V8W`JE@a8>>ABAAAAATI@E9;?9
b;@E
F;=G@;<=P
c8>>
78W:P
8<Q
@QNE
KL
FTUP
65 @?
B56
cP
VEN>8WED5B4d DTZ[Y55\55[BP5Y5\55[DPBd5
[DPBd5
]^2.7D5C5eG9?J=G?J@
aJ;>f;<=ABCC4DgT<=;<EE9;<=
b@JfQP
b@9JW@J98>P
bJNE9O@9JW@J9EP
Th8>J8@ELVEN?9@ 5 5 5 BTZ[B5P555\55[BCP655\55[BCP655[BCP655
]2,^-
i
^
]2-^2]]^/-]1^/,.]2^-.]0^2,]20^-1]11^/1]2/^1--]2/^2]]]/^./-]22^1,],/^0.2]22^.]].^/-],^/]]^/1]1/^1 i
^
"
!,jk
^
# ]2-^2]],^.,]-2^,1],^1]1/^-]21^-.]2^22]^/-]2^1]]],1^-0]2/^--]-/^.0]20^21]]2^2]/^.]],/^,]2^2.2^/1/ 3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[*
(TXLSPHQW,QYHQWRU\/LVW
!"
#
$
#
%
&
'
( )(**+,,*-.-/012345627 8$9
:#
;(.<
=
>
=>
8
?
8$=
=
=
----@+
A)(**+*A*-.-/012345627 8$9
:#
;(.<
=
>
=>
8
?
8$
!
!
!
(B@----((B
*)(**+,**-.-/012345627 8$9
:#
;(.<
=
>
=>
8
?
8$=
=
=
---A,*
+)(**+(@*-.-/012345627 8$9
:#
;(.<
=
>
=>
8
?
8$
!
!
!
----B)
,)(**++,*-.-/012345627 8$9
:#
;(.<
=
>
=>
8
?
8$=
=
=
---()-
C/DEF5GHF2D
!"
#
$
#
%
&
'
()(**+*-,-(-IJD2GKJLEG
M
)N,O9>
=>
8
?
>
P
! %
---(-)
A)(**+-),-A-H45GHQ35HJ7K27ED(A-RA-@S;+--#> A--#> >
=>
8
?
T
(B@-----B*
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[+
(QHUJ\&RQVHUYDWLRQ0HDVXUHV&DOFXODWLRQV
roperty o B All Rights Reser ed
IC
EAL10
Attributes:
No. of ECMs No. of
Fixtures No. of Lamps KWh Saved Energy Cost Saving O & M Savings Upgrade Lighting to LED 2 8 16 9,598 2,8 9.51 05.22
Existing
Technology
SubTechnology No. of ECMs No. of
Fixtures No. of Lamps KWh Saved Energy Cost Saving O & M Savings CFL CFL - 2 Pin 0 0 0 0 0 0
CFL CFL - Pin 1 11 3 63
CFL CFL - Screw-in 0 0 0 0 0 0
Circiline T9 0 0 0 0 0 0
Incan/H/MR H 0 0 0 0 0 0
Incan/H/MR Incan 0 0 0 0 0 0
Incan/H/MR MR 0 0 0 0 0 0
HID HPS 0 0 0 0 0 0
HID MH 0 0 0 0 0 0
HID M 0 0 0 0 0 0
HID L 0 0 0 0 0 0
Linear Fluorescent T8 0 0 0 0 0 0
Linear Fluorescent T12 1 80 80 9, 85 2,8 5 62
Linear Fluorescent T8 U 0 0 0 0 0 0
Linear Fluorescent T12 U 0 0 0 0 0 0
Linear Fluorescent T5 0 0 0 0 0 0
Linear Fluorescent T6 0 0 0 0 0 0
Linear Fluorescent T10 0 0 0 0 0 0
Proposed
Controls
No. of
Controls
No. of
Controls
Photo Sensor 0 Ceiling Mounted 0
Wall Mounted 0
Initial Investment Equipment Rentals
Material Cost 695.92 Scissor Lift 26' - Interior Spaces 0 0.00 Labor Cost ,060.90 ucket Truck - Exterior Spaces 0 0.00 Local Electric Rate 0.30 /kWh Estimated Annual Energy Savings 9,598 Estimated Demand Savings 6
Hourly Labor Rate For Electrician 2.05 Estimated Annual Energy Cost Savings 2,880 udgeted Initial Investment ,5 Estimated Annual M Cost Savings 05 Estimated Return on Investment 2.16 ears Estimated Annual Cost Savings 3,585 (Including M Savings)
Upgrade Building Lighting to LED and Install Automatic Lighting Controls Location: Building Interior and Exterior - Pay N Play Racquetball Replace CFL (4x) Linear Fluorescent (80x)
Disclaimer PREPARED UREAU ERITAS ( ). UL 2021 INF RMATI N C NTAINED IN THIS D CUMENT IS PRI ILEGED AND C NFIDENTIAL TRADE SECRET AND IS THE S LE PR PERT F . THIS MATERIAL MUST E C NSIDERED PRI ELEDGED AND C NFIDENTIAL ALL PARTIES PRI . 3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[,
/LJKWLQJ6\VWHP6FKHGXOH
Lighting Schedule - Existing
Line No. Building Name Interior/ Exterior Floor Space Type Room No. Additional Area Description LUX Control Quantit y Existing Control Technology Sub-Technology Lamp Type Total Lamps Fixture Type Linear Fluorescent Fixture Lens Fixture Mounting Fixture Quantity 24x7 Fixture Count Fixture Height Annual Hours Existing Annual kWh 1 Pay N Play Racquetball Interior Exterior B exterior Bldg exterior - 1 Light Switch CFL CFL - 4 Pin CFL13 4 Jelly Jar Horizontal Prism 4 No ш 9 4,368 2272 Pay N Play Racquetball Interior 1 Squash Room Racquetball room - 5 Timer Linear Fluorescent T12 4' 40W T12 160 Troffer - Recessed Indirect 2'x4' Prism Recessed 80 No 10-15 3,120 17,971 Fixture Details Existing Consumption Lamp Details
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[-
(QHUJ\$XGLW*ORVVDU\RI7HUPV
3$<13/$<5$&48(7%$// %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
*ORVVDU\RI7HUPVDQG$FURQ\PV
(&0±(QHUJ\&RQVHUYDWLRQ0HDVXUHVDUHSURMHFWVUHFRPPHQGHGWRUHGXFHHQHUJ\FRQVXPSWLRQ7KHVHFDQEH1R/RZ FRVWLWHPVLPSOHPHQWHGDVSDUWRIURXWLQHPDLQWHQDQFHRU&DSLWDO&RVWLWHPVWREHLPSOHPHQWHGDVDFDSLWDOLPSURYHPHQW SURMHFW
,QLWLDO,QYHVWPHQW±7KHHVWLPDWHGFRVWRILPSOHPHQWLQJDQ(&0SURMHFW(VWLPDWHVW\SLFDOO\DUHEDVHGRQ560HDQV &RQVWUXFWLRQFRVWGDWDDQG,QGXVWU\6WDQGDUGV
$QQXDO(QHUJ\6DYLQJV ±7KH UHGXFWLRQ LQ HQHUJ\ FRQVXPSWLRQDWWULEXWDEOHWRWKHLPSOHPHQWDWLRQ RID SDUWLFXODU(&0 7KHVHVDYLQJVYDOXHVGRQRWLQFOXGHWKHLQWHUDFWLYHHIIHFWVRIRWKHU(&0V &RVW6DYLQJV±7KHH[SHFWHGUHGXFWLRQLQXWLOLW\RUHQHUJ\FRVWVDFKLHYHGWKURXJKWKHFRUUHVSRQGLQJUHGXFWLRQLQHQHUJ\ FRQVXPSWLRQE\LPSOHPHQWDWLRQRIDQ(&0
6LPSOH3D\EDFN3HULRG±7KHQXPEHURI\HDUVUHTXLUHGIRUWKHFXPXODWLYHYDOXHRIHQHUJ\RUZDWHUFRVWVDYLQJVOHVVIXWXUH QRQIXHORUQRQZDWHUFRVWVWRHTXDOWKHLQYHVWPHQWFRVWVRIWKHEXLOGLQJHQHUJ\RUZDWHUV\VWHPZLWKRXWFRQVLGHUDWLRQRI GLVFRXQWUDWHV
(8/±([SHFWHG8VHIXO/LIHLVWKHHVWLPDWHGOLIHVSDQRIDW\SLFDOSLHFHRIHTXLSPHQWEDVHGRQLQGXVWU\DFFHSWHGVWDQGDUGV 58/±5HPDLQLQJ8VHIXO/LIHLVWKH(8/PLQXVWKHHIIHFWLYHDJHRIWKHHTXLSPHQWDQGUHIOHFWVWKHHVWLPDWHGQXPEHURI RSHUDWLQJ\HDUVUHPDLQLQJIRUWKHLWHP
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
D
,QYHVWPHQWFRVWVOHVVVDOYDJHYDOXHVDWWKHHQGRIWKHVWXG\SHULRG
E
1RQIXHORSHUDWLRQDQGPDLQWHQDQFHFRVWV
F
5HSODFHPHQWFRVWVOHVVVDOYDJHFRVWVRIUHSODFHGEXLOGLQJV\VWHPV DQG
G
(QHUJ\DQGRUZDWHUFRVWV
/LIH&\FOH6DYLQJV±7KHVXPRIWKHHVWLPDWHGDQQXDOFRVWVDYLQJVRYHUWKH(8/RIWKHUHFRPPHQGHG(&0H[SUHVVHGLQ SUHVHQWYDOXHGROODUV
%XLOGLQJ6LWH(QHUJ\8VH,QWHQVLW\7KHVXPRIWKHWRWDOVLWHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVVEXLOGLQJDUHD 6LWHHQHUJ\DFFRXQWVIRUDOOHQHUJ\FRQVXPHGDWWKHEXLOGLQJORFDWLRQRQO\QRWWKHHQHUJ\FRQVXPHGGXULQJJHQHUDWLRQDQG WUDQVPLVVLRQRIWKHHQHUJ\WRWKHVLWH
%XLOGLQJ6RXUFH(QHUJ\8VH,QWHQVLW\±7KHVXPRIWKHWRWDOVRXUFHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVVEXLOGLQJ DUHD6RXUFHHQHUJ\LVWKHHQHUJ\FRQVXPHGGXULQJJHQHUDWLRQDQGWUDQVPLVVLRQLQVXSSO\LQJWKHHQHUJ\WR\RXUVLWH %XLOGLQJ&RVW,QWHQVLW\7KLVPHWULFLVWKHVXPRIDOOHQHUJ\XVHFRVWVLQGROODUVSHUXQLWRIJURVVEXLOGLQJDUHD *UHHQKRXVH *DV (PLVVLRQV $OWKRXJK WKHUH DUH QXPHURXV JDVHV WKDW DUH FODVVLILHG DV FRQWULEXWRUV WR WKH WRWDO IRU *UHHQKRXVH (PLVVLRQV WKH VFRSH RI WKLV HQHUJ\ DXGLW IRFXVHV RQ FDUERQ GLR[LGH &2
&DUERQ GLR[LGH HQWHUV WKH
DWPRVSKHUHWKURXJKWKHEXUQLQJRIIRVVLOIXHOV
RLOQDWXUDOJDVDQGFRDO
VROLGZDVWHWUHHVDQGZRRGSURGXFWVDQGDOVR
DVDUHVXOWRIRWKHUFKHPLFDOUHDFWLRQV
HJPDQXIDFWXUHRIFHPHQW
)LQNELQHU3DUN)DFLOLWLHV
1RUWK&XOOHQ$YHQXHDQG1RUWK:DEDVK$YHQXH
*OHQGRUD&DOLIRUQLD
)$&,/,7<&21',7,21$66(660(17
(1(5*<$8',7
prepared for
&LW\RI*OHQGRUD
(DVW)RRWKLOO%RXOHYDUG
*OHQGRUD&DOLIRUQLD
0LFKDHO6OHGG
35(3$5('%<
Bureau Veritas
6021 University Boulevard, Suite 200
Ellicott City, Maryland 21043
800.733.0660
www.us.bureauveritas.com
%9&217$&7
Mary Venable, CEM, RA
Program Manager
800.733.0660 x7292719
[email protected]
%9352-(&7
158691.23R000-014.379
'$7(2)5(3257
February 19, 2024
216,7('$7(
December 14, 2023
Bureau Veritas
8QLYHUVLW\%RXOHYDUG6XLWH_(OOLFRWW&LW\0DU\ODQG_ZZZXVEXUHDXYHULWDVFRP_S ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7$%/(2)&217(176
$ 3DUN([HFXWLYH6XPPDU\ $ 3DUN2YHUYLHZDQG$VVHVVPHQW'HWDLOV $ 3DUN)LQGLQJVDQG'HILFLHQFLHV % $PHQLWLHVDQG*HQHUDO6LWH % 3ULRULWL]DWLRQ0HWKRGRORJ\ % 3DUN3ULRULWL]DWLRQ0HWULFV % 3ODQ7\SHV
$PHQLWLHVDQG*HQHUDO6LWH
% ,PPHGLDWH1HHGV
$PHQLWLHVDQG*HQHUDO6LWH
% .H\)LQGLQJV
$PHQLWLHVDQG*HQHUDO6LWH
% %DVNHWEDOO&RXUW % /REE)LHOG % 9ROOH\EDOO&RXUW %
6RXWK3DUNLQJ/RW % *HQHUDO6LWH & %XLOGLQJV & )DFLOLW\&RQGLWLRQ,QGH[
)&,
& 3ODQ7\SHV
%XLOGLQJV
& ,PPHGLDWH1HHGV
%XLOGLQJV
& .H\)LQGLQJV
%XLOGLQJV
& $PHULFDQ/HJLRQ+DOO & %DQG6KHOOZLWK6WRUDJH & &KHFNRXW5HVWURRPV &
/REE)LHOG5HVWURRPV6QDFN%DU ' 3URSHUW\6SDFH8VHDQG2EVHUYHG$UHDV ( $'$$FFHVVLELOLW\ ) 3XUSRVHDQG6FRSH
* 2SLQLRQVRI3UREDEOH&RVWV 0HWKRGRORJ\ 'HILQLWLRQV + (QHUJ\$XGLW , +LVWRULFDO(QHUJ\DQG:DWHU3HUIRUPDQFH0HWULFV - (QHUJ\&RQVHUYDWLRQ0HDVXUHV . 2SHUDWLRQV 0DLQWHQDQFH3ODQ / &HUWLILFDWLRQ 0 $SSHQGLFHV ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$ 3DUN([HFXWLYH6XPPDU\
$ 3DUN2YHUYLHZDQG$VVHVVPHQW'HWDLOV
*HQHUDO,QIRUPDWLRQ
3DUN7\SH &RPPXQLW\
1XPEHURI%XLOGLQJV )RXU
0DLQ$GGUHVV
1RUWK &XOOHQ $YHQXH DQG 1RUWK :DEDVK $YHQXH *OHQGRUD &DOLIRUQLD
6LWH'HYHORSHG
6LWH$UHD DFUHV
HVWLPDWHG
2XWVLGH2FFXSDQWV/HDVHG6SDFHV %DQG6KHOOOHDVHGRXWIRUHYHQWVDQGFRQFHUWV 'DWH
V
RI9LVLW 'HFHPEHU
0DQDJHPHQW3RLQWRI&RQWDFW &LW\RI*OHQGRUD5\DQ+DFHFN\)DFLOLWLHV0DLQWHQDQFH6XSHUYLVRU
UKDFHFN\#FLW\RIJOHQGRUDRUJ
2QVLWH3RLQWRI&RQWDFW
32&
VDPHDVDERYH
$VVHVVPHQWDQG5HSRUW3UHSDUHG%\ &DUO$OHMDQGUR
5HYLHZHG%\ 0DU\9HQDEOH&(05$
3URJUDP0DQDJHU
0DU\YHQDEOH#EXUHDXYHULWDVFRP
[
$VVHW&DOF/LQN )XOOGDWDVHWIRUWKLVDVVHVVPHQWFDQEHIRXQGDW
KWWSV
ZZZDVVHWFDOFQHW
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$ 3DUN)LQGLQJVDQG'HILFLHQFLHV
+LVWRULFDO6XPPDU\
)LQNELQHU3DUNDQGLWVIDFLOLWLHVZHUHRULJLQDOO\FRQVWUXFWHGLQ 7KHIDFLOLWLHVLQFOXGHWKH$PHULFDQ/HJLRQ+DOO%DQG 6KHOOZLWK6WRUDJH&KHFNRXW5HVWURRPVDQG/REE)LHOG5HVWURRPV6QDFN%DU7KH%DQG6KHOOLVOHDVHGRXWIRUHYHQWV DQGFRQFHUWVWKURXJKRXWWKH\HDU7KH&KHFNRXW5HVWURRPVEXLOGLQJZDVFRPSOHWHO\UHQRYDWHGLQ0DUFKZLWKQHZ URRILQJSOXPELQJDQGHOHFWULFDO
$PHQLWLHVDQG*HQHUDO6LWH
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
$UFKLWHFWXUDO
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
7KHLQWHULRUILQLVKHVDUHUHSODFHGRQDQDVQHHGHGEDVLV6WDLQHGFHLOLQJWLOHVIURPOHDNVZHUHREVHUYHGLQWKH$PHULFDQ /HJLRQ+DOO5HSODFHPHQWRIWLOHVLVUHFRPPHQGHGDVSDUWRIURXWLQHPDLQWHQDQFH7KH9&7IORRULQJLQWKH6QDFN%DUKDV LVRODWHG FUDFNLQJ DQG LV GHWHULRUDWHG WKURXJKRXW 7\SLFDO OLIHF\FOH EDVHG LQWHULRU DQG H[WHULRU ILQLVK UHSODFHPHQWV DUH DQWLFLSDWHGDQGEXGJHWHGGXULQJWKHUHVHUYHWHUP
0HFKDQLFDO(OHFWULFDO3OXPELQJDQG)LUH
0(3)
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
7KHUHLVH[WHQVLYHPDVRQU\FUDFNLQJLQWKH/REE)LHOG5HVWURRPV6QDFN%DUDQGWKHEXLOGLQJDSSHDUVWREHVODQWLQJ$ SURIHVVLRQDO HQJLQHHU PXVW EH UHWDLQHG WR DQDO\]H WKH H[LVWLQJ FRQGLWLRQ SURYLGH UHFRPPHQGDWLRQV DQG LI QHFHVVDU\ HVWLPDWHWKHVFRSHDQGFRVWRIDQ\UHTXLUHGUHSDLUV7KHFRVWRIWKLVVWXG\LVLQFOXGHGLQWKHFRVWWDEOHV$EXGJHWDU\FRVW DOORZDQFHWRUHSDLUWKHIRXQGDWLRQDQGPDVRQU\ZDOOVLVDOVRLQFOXGHG ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
% $PHQLWLHVDQG*HQHUDO6LWH
% 3ULRULWL]DWLRQ0HWKRGRORJ\
3DUN&RQGLWLRQ6FRUH
3&6
DQG$PHQLW\&RQGLWLRQ6FRUH
$&6
$ PDMRU JRDO RI WKH )DFLOLW\ &RQGLWLRQ $VVHVVPHQW )&$
LV WR EHQFKPDUN LQGLYLGXDO SDUNV ZLWK RWKHU SDUNV ZLWKLQ WKH SRUWIROLRDQGDPHQLWLHVZLWKRWKHUDPHQLWLHVHLWKHUZLWKLQWKHVDPHSDUNDQGDFURVVWKHSRUWIROLR7RDFKLHYHDUDWLQJIRU HDFKSDUNWKH3DUN&RQGLWLRQ6FRUH
3&6
LVGHYHORSHG
VLPLODUO\DQ$PHQLW\&RQGLWLRQ6FRUH
$&6
LVXVHGWRFRPSDUH
DPHQLWLHV
7RDVVLVWLQWKHRYHUDOOSULRULWL]DWLRQHIIRUWWKHIROORZLQJWHUPVDUHXVHGDWWKH&RPSRQHQWDQG$PHQLW\OHYHO
&RPSRQHQW
LQGLYLGXDOHOHPHQWVRIWKHDPHQLW\RUSDUNWKDWDUHHYDOXDWHGDQGDVVLJQHGFRQGLWLRQVDQG*36FRRUGLQDWHV ([DPSOHVRIFRPSRQHQWVLQFOXGHEHQFKHVWUDVKUHFHSWDFOHVWHQQLVQHWVSOD\JURXQGVXUIDFHVRUVSOLWUDLOIHQFLQJ $PHQLW\
GHILQHGDVDJURXSRIFRPSRQHQWVWKDWFRQVWLWXWHDPDMRUIHDWXUHRIWKHSDUNORJLFDOO\JURXSHGWRJHWKHUE\ SXUSRVHDQGRUSUR[LPLW\([DPSOHVRIDQDPHQLW\LQFOXGHDEDVNHWEDOOFRXUWDVRIWEDOOILHOGDGRJSDUNSLFQLFDUHDRU SOD\JURXQG
&XUUHQW5HQHZDO9DOXH
&59
WKHFRVWLQWRGD\¶VGROODUVRIWKHPDMRUFRQVWLWXHQWSDUWVWKDWPDNHXSWKHZKROH
IRU3DUNV
&59 UHQHZDOFRVWRIDOOGHYHORSHGDPHQLWLHVZLWKLQLW ODQGYDOXHLVH[FOXGHG
IRU$PHQLWLHV
&59 UHQHZDOFRVWRIDOOVLJQLILFDQWFRPSRQHQWVZLWKLQLW ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KH$PHQLW\&RQGLWLRQ6FRUH
$&6
LVDVFRUHFDOFXODWHGIURPDQDOJRULWKPFRPSULVLQJDZHLJKWHGDYHUDJHRIWKHFRQGLWLRQV RIDOOWKHFRPSRQHQWVZLWKLQLW
$0(1,7< &21',7,21 6&25(
$&6
)2508/$ 680 > 5HPDLQLQJ 9DOXH 5HQHZDO 9DOXH 5HQ9
RI FRPELQHG
FRPSRQHQWV@
5HPDLQLQJYDOXH 5HQ9PXOWLSOLHGE\58/(8/
7KH3DUN&RQGLWLRQ6FRUH
3&6
LVWKHWRWDOVFRUHIRUDVLQJOHSDUNSURSHUW\FDOFXODWHGIURPWKHVXPRIWKH$PHQLW\&RQGLWLRQ 6FRUHV
$&6V
IRUHDFKDPHQLW\ZLWKLQWKHSDUN
3$5.&21',7,216&25()2508/$ 680>5HPDLQLQJ9DOXH@680>5HQHZDO9DOXH@
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
% 3DUN3ULRULWL]DWLRQ0HWULFV
3DUN&RQGLWLRQ6FRUH
3&6
DQG$PHQLW\&RQGLWLRQ6FRUH
$&6
$ PDMRU JRDO RI WKH )DFLOLW\ &RQGLWLRQ $VVHVVPHQW )&$
LV WR EHQFKPDUN LQGLYLGXDO SDUNV ZLWK RWKHU SDUNV ZLWKLQ WKH SRUWIROLRDQGDPHQLWLHVZLWKRWKHUDPHQLWLHVHLWKHUZLWKLQWKHVDPHSDUNDQGDFURVVWKHSRUWIROLR7RDFKLHYHDUDWLQJIRU HDFKSDUNWKH3DUN&RQGLWLRQ6FRUH
3&6
LVGHYHORSHG
VLPLODUO\DQ$PHQLW\&RQGLWLRQ6FRUH
$&6
LVXVHGWRFRPSDUH
DPHQLWLHV
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
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
% 3ODQ7\SHV
$PHQLWLHVDQG*HQHUDO6LWH
(DFKOLQHLWHPLQWKHFRVWGDWDEDVHLVDVVLJQHGD3ODQ7\SHZKLFKLVWKHSULPDU\UHDVRQIRUWKHUHFRPPHQGHGUHSODFHPHQW UHSDLURURWKHUFRUUHFWLYHDFWLRQ$FRVWRUOLQHLWHPPD\FRPPRQO\KDYHPRUHWKDQRQHDSSOLFDEOH3ODQ7\SH KRZHYHU
RQO\RQH3ODQ7\SHZLOOEHDVVLJQHGEDVHGRQWKHEHVWILWW\SLFDOO\WKHRQHZLWKWKHJUHDWHVWVLJQLILFDQFH6HHWKHPurpose GHVFULSWLRQLQWKHPurpose and ScopeVHFWLRQIRUDQH[SODQDWLRQRI&RPSRQHQW7\SH 3ODQ7\SH'HVFULSWLRQV
6DIHW\ $QREVHUYHGRU UHSRUWHGXQVDIHFRQGLWLRQWKDWLIOHIWXQDGGUHVVHGFRXOG UHVXOWLQ LQMXU\
DV\VWHPRUFRPSRQHQWWKDWSUHVHQWVSRWHQWLDOOLDELOLW\ULVN 3HUIRUPDQFH,QWHJULW\ &RPSRQHQWRU V\VWHPKDVIDLOHGLVDOPRVWIDLOLQJSHUIRUPVXQUHOLDEO\GRHV QRW SHUIRUPDVLQWHQGHGDQGRUSRVHVULVNWRRYHUDOOV\VWHPVWDELOLW\ $FFHVVLELOLW\ 'RHVQRWPHHW$'$8)$6DQGRURWKHUDFFHVVLELOLW\UHTXLUHPHQWV (QYLURQPHQWDO ,PSURYHPHQWVWRDLUZDWHURUVRLOTXDOLW\LQFOXGLQJUHPRYDORIKD]DUGRXVPDWHULDOV IURPWKHVLWH
5HWURILW$GDSWDWLRQ &RPSRQHQWVV\VWHPVRUVSDFHVUHFRPPHQGHGIRUXSJUDGHVLQLQRUGHUWRPHHW FXUUHQWVWDQGDUGVIDFLOLW\XVDJHRUFOLHQWRFFXSDQWQHHGV /LIHF\FOH5HQHZDO $Q\FRPSRQHQWRUV\VWHPWKDWLVQRWFXUUHQWO\GHILFLHQWRUSUREOHPDWLFEXWIRUZKLFK IXWXUHUHSODFHPHQWRUUHSDLULVDQWLFLSDWHGDQGEXGJHWHG 3ODQ7\SH'LVWULEXWLRQ
E\&RVW
±7LPHIUDPH<HDUV
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
% ,PPHGLDWH1HHGV
$PHQLWLHVDQG*HQHUDO6LWH
,PPHGLDWH 1HHGV DUH OLQH LWHPV WKDW UHTXLUH LPPHGLDWH DFWLRQ DV D UHVXOW RI
PDWHULDO H[LVWLQJ RU SRWHQWLDO XQVDIH
FRQGLWLRQV
IDLOHGRULPPLQHQWIDLOXUHRIPLVVLRQFULWLFDOEXLOGLQJV\VWHPVRUFRPSRQHQWVRU
FRQGLWLRQVWKDWLIQRW
DGGUHVVHGKDYHWKHSRWHQWLDOWRUHVXOWLQRUFRQWULEXWHWRFULWLFDOHOHPHQWRUV\VWHPIDLOXUHZLWKLQRQH\HDURUZLOOPRVW SUREDEO\UHVXOWLQDVLJQLILFDQWHVFDODWLRQRILWVUHPHGLDOFRVW )RU GDWDEDVH DQG UHSRUWLQJ SXUSRVHV WKH OLQH LWHPV ZLWK 58/ DQG FRPPRQO\ DVVRFLDWHG ZLWK Safety RU Performance/Integrity3ODQ7\SHVDUHFRQVLGHUHG,PPHGLDWH1HHGV %9GLGQRWLGHQWLI\DQ\LPPHGLDWHQHHGVDVVRFLDWHGZLWKWKHDPHQLWLHVRUJHQHUDOSDUNDUHDVDWWKLVVLWH % .H\)LQGLQJV
$PHQLWLHVDQG*HQHUDO6LWH
.H\)LQGLQJVW\SLFDOO\LQFOXGHUHSDLUVRUUHSODFHPHQWVRIGHILFLHQWLWHPVZLWKLQWKHILUVWILYH\HDUZLQGRZDVZHOODVWKHPRVW VLJQLILFDQW KLJKGROODU OLQH LWHPV WKDW IDOO DQ\ZKHUH ZLWKLQ WKH WHQ\HDU WHUP 1RWH WKDW ZKLOH WKHUH LV VRPH VXEMHFWLYLW\ DVVRFLDWHGZLWKLGHQWLI\LQJWKH.H\)LQGLQJVWKH,PPHGLDWH1HHGVDUHDOZD\VLQFOXGHGDVDVXEVHW 7KHQXPHULFDOVFRULQJRIFRQGLWLRQDVVKRZQLQWKH.H\)LQGLQJVLVEDVHGRQDVFDOHDVLOOXVWUDWHGEHORZ
5HSODFHPHQWKDVQRQHRUYHU\ORZLPSDFWRQSDUNRSHUDWLRQV ±5HSODFHPHQWKDVORZLPSDFWRQSDUNRSHUDWLRQV
5HSODFHPHQWKDVPHGLXPLPSDFWRQSDUNRSHUDWLRQ )DLOLQJVDIHW\RUFRGHUHTXLUHPHQWFRPSRQHQWZLWKKLJKLPSDFWRQSDUNRSHUDWLRQV 6LGHZDONLQ3RRUFRQGLWLRQ
&RQFUHWH/DUJH$UHDV
)LQNELQHU3DUN)DFLOLWLHV%DVNHWEDOO&RXUW
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
&RQFUHWHFUDFNLQJRQZDONZD\QHDUEDVNHWEDOOFRXUW$VVHW&$/&,'
$WKOHWLF6XUIDFHVDQG&RXUWVLQ
3RRUFRQGLWLRQ
%DVNHWEDOO*HQHUDO$VSKDOW3DYHPHQW
)LQNELQHU3DUN)DFLOLWLHV%DVNHWEDOO&RXUW
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
6HDODQG6WULSHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
&UDFNLQJRQEDVNHWEDOOVXUIDFH$VVHW&$/&,'
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3LFQLF7DEOHLQ3RRUFRQGLWLRQ
:RRG&RPSRVLWH)LEHUJODVV
)LQNELQHU3DUN)DFLOLWLHV6LWH&
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
:RRGLVGHWHULRUDWLQJ$VVHW&$/&,'
3LFQLF7DEOHLQ3RRUFRQGLWLRQ
:RRG&RPSRVLWH)LEHUJODVV
)LQNELQHU3DUN)DFLOLWLHV6LWH
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
:RRGLVGDPDJHG$VVHW&$/&,'
3LFQLF7DEOHLQ3RRUFRQGLWLRQ
:RRG&RPSRVLWH)LEHUJODVV
)LQNELQHU3DUN)DFLOLWLHV6LWH
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
:RRGLVVSOLWWLQJDSDUW$VVHW&$/&,'
3LFQLF7DEOHLQ3RRUFRQGLWLRQ
:RRG&RPSRVLWH)LEHUJODVV
)LQNELQHU3DUN)DFLOLWLHV%DQGVKHOO
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
:RRGLVVSOLWWLQJ$VVHW&$/&,'
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3DUN%HQFKLQ3RRUFRQGLWLRQ
:RRG&RPSRVLWH)LEHUJODVV
)LQNELQHU3DUN)DFLOLWLHV6LWH
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
%HQFKLVGDPDJHGDQGKDVDKROHLQWKHVHDW1HDU$PHULFDQ/HJLRQ+DOO$VVHW&$/&,'
3LFQLF7DEOHLQ3RRUFRQGLWLRQ
:RRG&RPSRVLWH)LEHUJODVV
)LQNELQHU3DUN)DFLOLWLHV6LWH
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
:RRGLVVLJQLILFDQWO\GDPDJHG$VVHW&$/&,'
3LFQLF7DEOHLQ3RRUFRQGLWLRQ
:RRG&RPSRVLWH)LEHUJODVV
)LQNELQHU3DUN)DFLOLWLHV6LWH%
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
+ROHLQWDEOHWRS$VVHW&$/&,'
3LFQLF7DEOHLQ3RRUFRQGLWLRQ
:RRG&RPSRVLWH)LEHUJODVV
)LQNELQHU3DUN)DFLOLWLHV6LWH&
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
:RRGLVGHWHULRUDWLQJ$VVHW&$/&,'
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3LFQLF7DEOHLQ3RRUFRQGLWLRQ
:RRG&RPSRVLWH)LEHUJODVV
)LQNELQHU3DUN)DFLOLWLHV6LWH
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
:RRGLVVSOLWWLQJDQGEHQW$VVHW&$/&,'
% %DVNHWEDOO&RXUW
%DVNHWEDOO&RXUW
$PHQLW\7\SH $WKOHWLF&RXUWV±%DVNHWEDOO
$PHQLW\/RFDWLRQ (DVWRI/REE)LHOG
2YHUDOO&RQGLWLRQ 3RRU
Component Description Quantity Condition
$WKOHWLF6XUIDFHVDQG
&RXUWV %DVNHWEDOO*HQHUDO$VSKDOW3DYHPHQW5HSODFH 6) )DLU 3ROH/LJKW)L[WXUHZLWK
/DPSV
DQ\W\SH
+LJKZLWK/('5HSODFHPHQW
5HSODFH,QVWDOO ($ )DLU
6SRUWV$SSDUDWXV %DVNHWEDOO%DFNERDUG5LP3ROH5HSODFH ($ )DLU ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
%DVNHWEDOO&RXUW
6LGHZDON &RQFUHWH/DUJH$UHDV5HSODFH 6) 3RRU
$WKOHWLF6XUIDFHVDQG
&RXUWV %DVNHWEDOO*HQHUDO$VSKDOW3DYHPHQW6HDODQG6WULSH $FFHVVLELOLW\
3RWHQWLDODFFHVVLELOLW\LVVXHVZHUHQRWREVHUYHGDWWKLVDVVHW 5HIHUWR$SSHQGL['DQGWKHSUHYLRXVVWXG\IRUPRUHGHWDLOV .H\,VVXHVDQG
)LQGLQJV $WKOHWLFVXUIDFHFUDFNLQJFRQFUHWHSDYHPHQWFUDFNLQJ
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
% /REE)LHOG
/REE)LHOG
$PHQLW\7\SH $WKOHWLF)LHOGV±%DVHEDOO6RIWEDOO
$PHQLW\/RFDWLRQ 6RXWKZHVWFRUQHU
2YHUDOO&RQGLWLRQ )DLU
Component Description Quantity Condition
%OHDFKHUV )L[HG 6WHHO )UDPH $OXPLQXP %HQFKHV
SHU 6HDW
5HSODFH
($ )DLU
3DUN%HQFK 0HWDO3RZGHU&RDWHG5HSODFH ($ )DLU
'ULQNLQJ)RXQWDLQ ([WHULRU6LWH3UHFDVW3HGHVWDO5HSODFH ($ )DLU )HQFHVDQG*DWHV )HQFH&KDLQ/LQN
5HSODFH /) )DLU
3ROH/LJKW)L[WXUHZLWK
/DPSV
DQ\W\SH
+LJKZLWK/('5HSODFHPHQW
5HSODFH,QVWDOO ($ )DLU
7UDVK5HFHSWDFOH 0HGLXP'XW\0HWDORU3UHFDVW5HSODFH ($ )DLU 7UDVK5HFHSWDFOH +HDY\'XW\)L[HG&RQFUHWH5HSODFH ($ )DLU 6SRUWV$SSDUDWXV %DVHEDOO%DFNVWRS&KDLQ/LQN5HSODFH ($ )DLU ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
/REE)LHOG
6KHG*D]HER6KDGH
6WUXFWXUH :RRGRU0HWDO)UDPHG%DVLF0LQLPDO5HSODFH 6) )DLU ,UULJDWLRQ6\VWHP 'ULS6\VWHP5HSODFH 6) )DLU
$FFHVVLELOLW\
3RWHQWLDODFFHVVLELOLW\LVVXHVZHUHQRWREVHUYHGDWWKLVDVVHW 5HIHUWR$SSHQGL['DQGWKHSUHYLRXVVWXG\IRUPRUHGHWDLOV .H\,VVXHVDQG
)LQGLQJV 1RQHREVHUYHGDWWLPHRIDVVHVVPHQW
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
% 9ROOH\EDOO&RXUW
9ROOH\EDOO&RXUW
$PHQLW\7\SH $WKOHWLF&RXUWV±9ROOH\EDOO
$PHQLW\/RFDWLRQ :HVWRI<RXWK&HQWHU
2YHUDOO&RQGLWLRQ )DLU
Component Description Quantity Condition
3ROH/LJKW)L[WXUHZLWK
/DPSV
DQ\W\SH
+LJKZLWK/('5HSODFHPHQW
5HSODFH,QVWDOO ($ )DLU
3OD\ILHOG6XUIDFHV 6DQG'HSWK5HSODFH 6) )DLU 6SRUWV$SSDUDWXV 7HQQLV9ROOH\EDOO1HWZLWK3RVWVDQG$QFKRUV5HSODFH ($ )DLU $FFHVVLELOLW\
3RWHQWLDODFFHVVLELOLW\LVVXHVZHUHQRWREVHUYHGDWWKLVDVVHW 5HIHUWR$SSHQGL['DQGWKHSUHYLRXVVWXG\IRUPRUHGHWDLOV .H\,VVXHVDQG
)LQGLQJV 1RQHREVHUYHGDWWLPHRIDVVHVVPHQW
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
%
6RXWK3DUNLQJ/RW
6RXWK3DUNLQJ/RW
$PHQLW\7\SH 3DUNLQJDUHD
$PHQLW\/RFDWLRQ 6RXWKHDVWFRUQHU
2YHUDOO&RQGLWLRQ )DLU
3DUNLQJ6SDFHV VSDFHVLQDVSKDOWORW
RQHRIZKLFKLVDFFHVVLEOH
Component Description Quantity Condition
3DUNLQJ/RWV 3DYHPHQW$VSKDOW0LOODQG2YHUOD\ 6) )DLU 3DUNLQJ/RWV 3DYHPHQW$VSKDOW6HDODQG6WULSH 6) )DLU $FFHVVLELOLW\
3RWHQWLDODFFHVVLELOLW\LVVXHVZHUHQRWREVHUYHGDWWKLVDVVHW 5HIHUWR$SSHQGL['DQGWKHSUHYLRXVVWXG\IRUPRUHGHWDLOV .H\,VVXHVDQG
)LQGLQJV 1RQHREVHUYHGDWWLPHRIDVVHVVPHQW
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
%*HQHUDO6LWH
*HQHUDO6LWH
$PHQLW\7\SH *HQHUDO6,WH
$PHQLW\/RFDWLRQ 7KURXJKRXWSDUN
2YHUDOO&RQGLWLRQ )DLU
Component Description Quantity Condition
'ULQNLQJ)RXQWDLQ ([WHULRU6LWH3UHFDVW3HGHVWDO5HSODFH ($ )DLU 3LFQLF7DEOH :RRG&RPSRVLWH)LEHUJODVV5HSODFH ($ 3RRU 3LFQLF7DEOH 3UHFDVW&RQFUHWH5HSODFH ($ )DLU
3LFQLF7DEOH :RRG&RPSRVLWH)LEHUJODVV5HSODFH ($ )DLU 6KHG*D]HER6KDGH
6WUXFWXUH :RRGRU0HWDO)UDPHG%DVLF0LQLPDO5HSODFH 6) )DLU 3DUN%HQFK 0HWDO3RZGHU&RDWHG5HSODFH ($ )DLU
6LJQDJH 3URSHUW\0RQXPHQW5HSODFH,QVWDOO ($ )DLU
7UDVK5HFHSWDFOH 0HGLXP'XW\0HWDORU3UHFDVW5HSODFH ($ )DLU ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
*HQHUDO6LWH
7UDVK5HFHSWDFOH +HDY\'XW\)L[HG&RQFUHWH5HSODFH ($ )DLU 3OD\6WUXFWXUH 0XOWLSXUSRVH9HU\6PDOO5HSODFH ($ )DLU &DPSJURXQG
$FFHVVRULHV *ULOO3HGHVWDO6W\OH5HSODFH ($ )DLU
3ROH/LJKW)L[WXUHZLWK
/DPSV
DQ\W\SH
+LJKZLWK/('5HSODFHPHQW
5HSODFH,QVWDOO ($ )DLU
3DUN%HQFK :RRG&RPSRVLWH)LEHUJODVV5HSODFH ($ 3RRU )HQFHVDQG*DWHV )HQFH0HWDO7XEH
5HSODFH /) )DLU
/DQGVFDSLQJDQG
7RSRJUDSK\
+HDY\ODQGVFDSLQJIHDWXUHV
LUULJDWLRQSUHVHQW
/RZWRPRGHUDWHVLWHVORSHVWKURXJKRXW
6WRUP:DWHU
0DQDJHPHQW 6ZDOHVFRQQHFWLQJWRGUDLQLQOHWVDQGFXOYHUWV $FFHVVLELOLW\
3RWHQWLDODFFHVVLELOLW\LVVXHVZHUHQRWREVHUYHGDWWKLVDVVHW 5HIHUWR$SSHQGL['DQGWKHSUHYLRXVVWXG\IRUPRUHGHWDLOV .H\,VVXHVDQG
)LQGLQJV 'DPDJHGSLFQLFWDEOHVGDPDJHGSDUNEHQFK
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
& %XLOGLQJV
& )DFLOLW\&RQGLWLRQ,QGH[
)&,
2QHRIWKHPDMRUJRDOVRIWKH)&$LVWRFDOFXODWHHDFKEXLOGLQJ¶V)DFLOLW\&RQGLWLRQ,QGH[ )&,
ZKLFKSURYLGHVDWKHRUHWLFDO
REMHFWLYHLQGLFDWLRQRIDEXLOGLQJ¶VRYHUDOOFRQGLWLRQ%\GHILQLWLRQWKH)&,LVGHILQHGDVWKHUDWLRRIWKHFRVWRIFXUUHQWQHHGV GLYLGHGE\FXUUHQWUHSODFHPHQWYDOXH
&59
RIWKHIDFLOLW\7KHFKDUWEHORZSUHVHQWVWKHLQGXVWU\VWDQGDUGUDQJHVDQGFXW RIISRLQWV
)&,5DQJHVDQG'HVFULSWLRQ
± ,QQHZRUZHOOPDLQWDLQHGFRQGLWLRQZLWKOLWWOHRUQRYLVXDOHYLGHQFHRIZHDURUGHILFLHQFLHV ± 6XEMHFWHGWRZHDUEXWLVVWLOOLQDVHUYLFHDEOHDQGIXQFWLRQLQJFRQGLWLRQ ± 6XEMHFWHGWRKDUGRUORQJWHUPZHDU1HDULQJWKHHQGRILWVXVHIXORUVHUYLFHDEOHOLIH DQGDERYH +DVUHDFKHGWKHHQGRILWVXVHIXORUVHUYLFHDEOHOLIH5HQHZDOLVQRZQHFHVVDU\ 7KHGHILFLHQFLHVDQGOLIHF\FOHQHHGVLGHQWLILHGLQWKLVDVVHVVPHQWSURYLGHWKHEDVLVIRUDSRUWIROLRZLGHFDSLWDOLPSURYHPHQW IXQGLQJVWUDWHJ\,QDGGLWLRQWRWKHFXUUHQW)&,H[WHQGHG)&,¶VKDYHEHHQGHYHORSHGWRSURYLGHRZQHUVWKHLQWHOOLJHQFH QHHGHGWRSODQDQGEXGJHWIRUWKH³NHHSXSFRVWV´IRUWKHLUIDFLOLWLHV$VVXFKWKH\HDU\HDUDQG\HDU)&,¶VDUH FDOFXODWHGE\GLYLGLQJWKHDQWLFLSDWHGQHHGVRIWKRVHUHVSHFWLYHWLPHSHULRGVE\FXUUHQWUHSODFHPHQWYDOXH$VDILQDOSRLQW WKH)&,¶VXOWLPDWHO\SURYLGHPRUHYDOXHZKHQXVHGWRUHODWLYHO\FRPSDUHIDFLOLWLHVDFURVVDSRUWIROLRLQVWHDGRIEHLQJRYHU DQDO\]HGDQGVFUXWLQL]HGDVVWDQGDORQHYDOXHV7KHWDEOHEHORZVXPPDUL]HVWKHLQGLYLGXDOILQGLQJVIRUWKLV)&$
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
& 3ODQ7\SHV
%XLOGLQJV
(DFKOLQHLWHPLQWKHFRVWGDWDEDVHLVDVVLJQHGD3ODQ7\SHZKLFKLVWKHSULPDU\UHDVRQRUUDWLRQDOHIRUWKHUHFRPPHQGHG UHSODFHPHQWUHSDLURURWKHUFRUUHFWLYHDFWLRQ7KLVLVWKH³ZK\´SDUWRIWKHHTXDWLRQ$FRVWRUOLQHLWHPPD\FRPPRQO\ KDYHPRUHWKDQRQHDSSOLFDEOH3ODQ7\SH
KRZHYHURQO\RQH3ODQ7\SHZLOOEHDVVLJQHGEDVHGRQWKH³EHVW´ILWW\SLFDOO\ WKHRQHZLWKWKHJUHDWHVWVLJQLILFDQFH
3ODQ7\SH'HVFULSWLRQV
6DIHW\ $QREVHUYHGRU UHSRUWHGXQVDIHFRQGLWLRQWKDWLIOHIWXQDGGUHVVHGFRXOG UHVXOWLQ LQMXU\
DV\VWHPRUFRPSRQHQWWKDWSUHVHQWVSRWHQWLDOOLDELOLW\ULVN 3HUIRUPDQFH,QWHJULW\ &RPSRQHQWRU V\VWHPKDVIDLOHGLVDOPRVWIDLOLQJSHUIRUPVXQUHOLDEO\GRHVQRW SHUIRUPDVLQWHQGHGDQGRUSRVHVULVNWRRYHUDOOV\VWHPVWDELOLW\ $FFHVVLELOLW\ 'RHVQRWPHHW$'$8)$6DQGRURWKHUKDQGLFDSDFFHVVLELOLW\UHTXLUHPHQWV (QYLURQPHQWDO ,PSURYHPHQWVWRDLURUZDWHUTXDOLW\LQFOXGLQJUHPRYDORIKD]DUGRXVPDWHULDOVIURP WKHEXLOGLQJRUVLWH
5HWURILW$GDSWDWLRQ &RPSRQHQWVV\VWHPVRUVSDFHVUHFRPPHQGHGIRUXSJUDGHVLQLQRUGHUWRPHHW FXUUHQWVWDQGDUGVIDFLOLW\XVDJHRUFOLHQWRFFXSDQWQHHGV /LIHF\FOH5HQHZDO $Q\FRPSRQHQWRUV\VWHPWKDWLVQRWFXUUHQWO\GHILFLHQWRUSUREOHPDWLFEXWIRUZKLFK IXWXUHUHSODFHPHQWRUUHSDLULVDQWLFLSDWHGDQGEXGJHWHG 3ODQ7\SH'LVWULEXWLRQ
E\&RVW
±7LPHIUDPH<HDUV
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
& ,PPHGLDWH1HHGV
%XLOGLQJV
1RLPPHGLDWHQHHGVLGHQWLILHG
& .H\)LQGLQJV
%XLOGLQJV
&
)RXQGDWLRQ6\VWHP
&RQFUHWHRU&08:DOOVZLWK
&RQWLQXRXV)RRWLQJV
/REE)LHOG5HVWURRPV6QDFN%DU
)LQNELQHU3DUN)DFLOLWLHV6WUXFWXUH
8QLIRUPDW&RGH
$
5HFRPPHQGDWLRQ
5HSDLULQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
7KLVLVDQHVWLPDWHGFRVWDOORZDQFHIRUUHSDLUVSHQGLQJWKHVWUXFWXUDOVWXG\$VVHW&$/&,'
([WHULRU:DOOVLQ3RRU
FRQGLWLRQ
&RQFUHWH%ORFN
&08
%DQG6KHOOZLWK6WRUDJH)LQNELQHU
3DUN)DFLOLWLHV,QWHULRU
8QLIRUPDW&RGH
%
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
&08ZDOOGDPDJHGXHWRURRIOHDNV$VVHW&$/&,'
5RRILQJLQ3RRU
FRQGLWLRQ
0RGLILHG%LWXPHQ
%DQG6KHOOZLWK6WRUDJH)LQNELQHU
3DUN)DFLOLWLHV5RRI
8QLIRUPDW&RGH
%
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
5RRIOHDNDWEDFNFRUQHURIEDQGKDOO$VVHW&$/&,'
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3OXPELQJ6\VWHPLQ3RRU
FRQGLWLRQ
6XSSO\DQG6DQLWDU\/RZ'HQVLW\
H[FOXGHVIL[WXUHV
/REE)LHOG5HVWURRPV6QDFN%DU
)LQNELQHU3DUN)DFLOLWLHV
7KURXJKRXW
8QLIRUPDW&RGH
'
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
7KHSRLQWRIFRQWDFWUHSRUWHGWKDWWKHUHZHUHVRPHVHZHUEDFNXSLVVXHVRQH\HDUDJR7KHV\VWHPLVOLNHO\ DJHGDQGKDVGHWHULRUDWHGRYHUWLPH$VVHW&$/&,'
5HFRPPHQGHG)ROORZXS
6WXG\
6WUXFWXUDO*HQHUDO
'HVLJQ
6WUXFWXUDO*HQHUDO'HVLJQ
/REE)LHOG5HVWURRPV6QDFN%DU
)LQNELQHU3DUN)DFLOLWLHV6QDFN
6WDQG
8QLIRUPDW&RGH
3
5HFRPPHQGDWLRQ
'HVLJQLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
)RXQGDWLRQLVVXHV,QWHULRU&08FUDFNLQJ%XLOGLQJEHJLQQLQJWRVODQW$VVHW&$/&,'
)ORRULQJLQ3RRU
FRQGLWLRQ
&RQFUHWH
%DQG6KHOOZLWK6WRUDJH)LQNELQHU
3DUN)DFLOLWLHV6LWH
8QLIRUPDW&RGH
&
5HFRPPHQGDWLRQ
5HSDLULQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
&RQFUHWHFUDFNLQJRQVWDJH$VVHW&$/&,'
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
)ORRULQJLQ3RRU
FRQGLWLRQ
&RQFUHWH
%DQG6KHOOZLWK6WRUDJH)LQNELQHU
3DUN)DFLOLWLHV%DQGVKHOOIORRU
8QLIRUPDW&RGH
&
5HFRPPHQGDWLRQ
5HSDLULQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
&RQFUHWHIORRUFUDFNLQJLQVWRUDJHURRP$VVHW&$/&,'
)ORRULQJLQ3RRU
FRQGLWLRQ
9LQ\O7LOH
9&7
/REE)LHOG5HVWURRPV6QDFN%DU
)LQNELQHU3DUN)DFLOLWLHV
7KURXJKRXWEXLOGLQJ
8QLIRUPDW&RGH
&
5HFRPPHQGDWLRQ
5HSODFHLQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
'HWHULRUDWHGDQGFUDFNHGIORRULQJ$VVHW&$/&,'
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
& $PHULFDQ/HJLRQ+DOO
$PHULFDQ/HJLRQ+DOO
6\VWHPV6XPPDU\
&RQVWUXFWHG5HQRYDWHG
%XLOGLQJ*URXS6L]H
6)
1XPEHURI6WRULHV 2QHDERYHJUDGHZLWKRQHEHORZJUDGHEDVHPHQWOHYHO System Description Condition
6WUXFWXUH &RQYHQWLRQDO ZRRG IUDPH VWUXFWXUH DQG PDVRQU\ EHDULQJ ZDOOV RYHU EDVHPHQWIRXQGDWLRQ
*RRG
)DoDGH 3ULPDU\:DOO)LQLVK
&08
:LQGRZV
$OXPLQXPZRRGYLQ\O
)DLU
5RRI 3ULPDU\
+LSFRQVWUXFWLRQZLWKDVSKDOWVKLQJOHV )DLU
,QWHULRUV :DOOV
3DLQWHGJ\SVXPERDUGDQG&08ZDOOSDSHUFHUDPLFWLOH )ORRUV
&DUSHW9&7YLQ\OVKHHWLQJZRRGFHUDPLFWLOH
&HLOLQJV
3DLQWHGJ\SVXPERDUG$&7
)DLU
(OHYDWRUV 1RQH
3OXPELQJ 'LVWULEXWLRQ
&RSSHUVXSSO\DQGFDVWLURQZDVWHDQGYHQWLQJ
+RW:DWHU
*DVZDWHUKHDWHUZLWKLQWHJUDOWDQN
)L[WXUHV
7RLOHWVXULQDOVDQGVLQNVLQDOOUHVWURRPV
)DLU
+9$& 1RQ&HQWUDO 6\VWHP
3DFNDJHG XQLWV IXUQDFH VSOLW V\VWHP FRQGHQVLQJ XQLWV
)DLU
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$PHULFDQ/HJLRQ+DOO
6\VWHPV6XPPDU\
)LUH6XSSUHVVLRQ .LWFKHQKRRGV\VWHPILUHH[WLQJXLVKHUVQHDUE\ILUHK\GUDQWV )DLU (OHFWULFDO 6RXUFHDQG'LVWULEXWLRQ
0DLQVZLWFKERDUGZLWKFRSSHUZLULQJ
,QWHULRU/LJKWLQJ
/LQHDUIOXRUHVFHQW
(PHUJHQF\3RZHU
1RQH
)DLU
)LUH$ODUP 6PRNHGHWHFWRUVEDFNXSHPHUJHQF\OLJKWVDQGH[LWVLJQV )DLU (TXLSPHQW6SHFLDO &RPPHUFLDONLWFKHQHTXLSPHQW )DLU
$FFHVVLELOLW\ 3UHVHQWO\ LW GRHV QRW DSSHDU DQ DFFHVVLELOLW\ VWXG\ LV QHHGHG IRU WKLV EXLOGLQJ 6HH $SSHQGL['
.H\,VVXHVDQG)LQGLQJV 1RQHREVHUYHGDWWLPHRIDVVHVVPHQW ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$PHULFDQ/HJLRQ+DOO
6\VWHPV([SHQGLWXUH)RUHFDVW
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHYHUWLFDOEDUVEHORZUHSUHVHQWWKH\HDUE\\HDUQHHGVLGHQWLILHGIRUWKHEXLOGLQJ7KHRUDQJHOLQHLQWKHJUDSKEHORZ IRUHFDVWVZKDWZRXOGKDSSHQWRWKH)&,
OHIW<D[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDOH[SHQGLWXUHVRYHUWKHQH[WWHQ\HDUV 7KHGROODUDPRXQWVDOORFDWHGIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHYDOXHVDORQJWKHULJKW<D[LV 1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
& %DQG6KHOOZLWK6WRUDJH
%DQG6KHOOZLWK6WRUDJH
6\VWHPV6XPPDU\
&RQVWUXFWHG5HQRYDWHG 8QNQRZQ
%XLOGLQJ6L]H 6)
1XPEHURI6WRULHV 2QHDERYHJUDGH
System Description Condition
6WUXFWXUH &RQYHQWLRQDOZRRGIUDPHVWUXFWXUHDQGPDVRQU\EHDULQJZDOOVRYHUFRQFUHWH VODEIRXQGDWLRQ
*RRG
)DoDGH 3ULPDU\:DOO)LQLVK
&08
:LQGRZV
QRQH
)DLU
5RRI 3ULPDU\
6ORSHGFRQVWUXFWLRQZLWKDVSKDOWVKLQJOHV
6HFRQGDU\
)ODWFRQVWUXFWLRQZLWKPRGLILHGELWXPLQRXVILQLVK
3RRU
,QWHULRUV :DOOV
8QILQLVKHG
)ORRUV
8QILQLVKHG
&HLOLQJV
8QILQLVKHGH[SRVHG
(OHYDWRUV 1RQH
3OXPELQJ 1RQH
+9$& 1RQH
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
%DQG6KHOOZLWK6WRUDJH
6\VWHPV6XPPDU\
)LUH6XSSUHVVLRQ )LUHH[WLQJXLVKHUVRQO\ )DLU
(OHFWULFDO 6RXUFHDQG'LVWULEXWLRQ
0DLQSDQHOZLWKFRSSHUZLULQJ
,QWHULRU/LJKWLQJ
/LQHDUIOXRUHVFHQW
(PHUJHQF\3RZHU
1RQH
)DLU
)LUH$ODUP 6PRNHGHWHFWRUVZLWKH[LWVLJQVRQO\ )DLU
(TXLSPHQW6SHFLDO 1RQH
$FFHVVLELOLW\ 3UHVHQWO\ LW GRHV QRW DSSHDU DQ DFFHVVLELOLW\ VWXG\ LV QHHGHG IRU WKLV EXLOGLQJ 6HH $SSHQGL['
.H\,VVXHVDQG
)LQGLQJV
5RRIOHDNVLQWHULRU&08ZDOOGDPDJHFRQFUHWHIORRUFUDFNLQJ
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
%DQG6KHOOZLWK6WRUDJH
6\VWHPV([SHQGLWXUH)RUHFDVW
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHYHUWLFDOEDUVEHORZUHSUHVHQWWKH\HDUE\\HDUQHHGVLGHQWLILHGIRUWKHEXLOGLQJ7KHRUDQJHOLQHLQWKHJUDSKEHORZ IRUHFDVWVZKDWZRXOGKDSSHQWRWKH)&,
OHIW<D[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDOH[SHQGLWXUHVRYHUWKHQH[WWHQ\HDUV 7KHGROODUDPRXQWVDOORFDWHGIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHYDOXHVDORQJWKHULJKW<D[LV 1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
& &KHFNRXW5HVWURRPV
&KHFNRXW5HVWURRPV
6\VWHPV6XPPDU\
&RQVWUXFWHG5HQRYDWHG
%XLOGLQJ6L]H 6)
1XPEHURI6WRULHV 2QHDERYHJUDGH
System Description Condition
6WUXFWXUH &RQYHQWLRQDOZRRGIUDPHVWUXFWXUHDQGPDVRQU\EHDULQJZDOOVRYHUFRQFUHWH VODEIRXQGDWLRQ
*RRG
)DoDGH 3ULPDU\:DOO)LQLVK
%ULFN
:LQGRZV
QRQH
*RRG
5RRI 3ULPDU\
*DEOHFRQVWUXFWLRQZLWKDVSKDOWVKLQJOHV ([FHOOHQW
,QWHULRUV :DOOV
9LQ\O
)ORRUV
3DLQWHGFRQFUHWH
&HLOLQJV
3DLQWHGZRRG
([FHOOHQW
(OHYDWRUV 1RQH
3OXPELQJ 'LVWULEXWLRQ
&RSSHUVXSSO\DQGFDVWLURQZDVWHDQGYHQWLQJ
)L[WXUHV
7RLOHWVXULQDOVDQGVLQNVLQUHVWURRPV
([FHOOHQW
+9$& 1RQH
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
&KHFNRXW5HVWURRPV
6\VWHPV6XPPDU\
)LUH6XSSUHVVLRQ )LUHH[WLQJXLVKHUVRQO\ )DLU
(OHFWULFDO 6RXUFHDQG'LVWULEXWLRQ
0DLQSDQHOZLWKFRSSHUZLULQJ
,QWHULRU/LJKWLQJ
/LQHDUIOXRUHVFHQW
(PHUJHQF\3RZHU
1RQH
([FHOOHQW
)LUH$ODUP 6PRNHGHWHFWRUVZLWKH[LWVLJQVRQO\ ([FHOOHQW (TXLSPHQW6SHFLDO 1RQH
$FFHVVLELOLW\ 3UHVHQWO\ LW GRHV QRW DSSHDU DQ DFFHVVLELOLW\ VWXG\ LV QHHGHG IRU WKLV EXLOGLQJ 6HH $SSHQGL['
.H\,VVXHVDQG
)LQGLQJV
1RQHREVHUYHGDWWLPHRIDVVHVVPHQW
&KHFNRXW5HVWURRPV
6\VWHPV([SHQGLWXUH)RUHFDVW
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHYHUWLFDOEDUVEHORZUHSUHVHQWWKH\HDUE\\HDUQHHGVLGHQWLILHGIRUWKHEXLOGLQJ7KHRUDQJHOLQHLQWKHJUDSKEHORZ IRUHFDVWVZKDWZRXOGKDSSHQWRWKH)&,
OHIW<D[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDOH[SHQGLWXUHVRYHUWKHQH[WWHQ\HDUV 7KHGROODUDPRXQWVDOORFDWHGIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHYDOXHVDORQJWKHULJKW<D[LV 1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
&
/REE)LHOG5HVWURRPV6QDFN%DU
/REE)LHOG5HVWURRPV6QDFN%DU
6\VWHPV6XPPDU\
&RQVWUXFWHG5HQRYDWHG
%XLOGLQJ6L]H
6)
1XPEHURI6WRULHV 2QHDERYHJUDGH
System Description Condition
6WUXFWXUH &RQYHQWLRQDO ZRRG IUDPH VWUXFWXUH DQG PDVRQU\ EHDULQJ ZDOOV RYHU FRQFUHWHVODEIRXQGDWLRQ
3RRU
)DoDGH 3ULPDU\:DOO)LQLVK
%ULFN
:LQGRZV
6WHHO
)DLU
5RRI 3ULPDU\
)ODWFRQVWUXFWLRQZLWKPRGLILHGELWXPLQRXVILQLVK )DLU ,QWHULRUV :DOOV
3DLQWHGJ\SVXPERDUGFHUDPLFWLOH
)ORRUV
9&7FHUDPLFWLOH
&HLOLQJV
3DLQWHGJ\SVXPERDUG
3RRU
(OHYDWRUV 1RQH
3OXPELQJ 'LVWULEXWLRQ
&RSSHUVXSSO\DQGFDVWLURQZDVWHDQGYHQWLQJ
+RW:DWHU
(OHFWULFZDWHUKHDWHUZLWKLQWHJUDOWDQN
)L[WXUHV
7RLOHWVDQGVLQNVLQUHVWURRPV
3RRU
+9$& 1RQ&HQWUDO6\VWHP
'XFWOHVVVSOLWV\VWHP )DLU
)LUH6XSSUHVVLRQ )LUHH[WLQJXLVKHUVQHDUE\ILUHK\GUDQWV )DLU ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
/REE)LHOG5HVWURRPV6QDFN%DU
6\VWHPV6XPPDU\
(OHFWULFDO 6RXUFHDQG'LVWULEXWLRQ
0DLQVZLWFKERDUGZLWKFRSSHUZLULQJ
,QWHULRU/LJKWLQJ
/LQHDUIOXRUHVFHQW
(PHUJHQF\3RZHU
1RQH
)DLU
)LUH$ODUP 6PRNHGHWHFWRUVZLWKH[LWVLJQVRQO\ )DLU
(TXLSPHQW6SHFLDO 1RQH
$FFHVVLELOLW\ 3UHVHQWO\ LW GRHV QRW DSSHDU DQ DFFHVVLELOLW\ VWXG\ LV QHHGHG IRU WKLV EXLOGLQJ 6HH $SSHQGL['
.H\,VVXHVDQG)LQGLQJV ([WHQVLYHEULFNFUDFNLQJDQGVWUXFWXUDOLVVXHVVHZHUV\VWHPLVVXHV9&7FUDFNLQJ /REE)LHOG5HVWURRPV6QDFN%DU
6\VWHPV([SHQGLWXUH)RUHFDVW
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHYHUWLFDOEDUVEHORZUHSUHVHQWWKH\HDUE\\HDUQHHGVLGHQWLILHGIRUWKHEXLOGLQJ7KHRUDQJHOLQHLQWKHJUDSKEHORZ IRUHFDVWVZKDWZRXOGKDSSHQWRWKH)&,
OHIW<D[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDOH[SHQGLWXUHVRYHUWKHQH[WWHQ\HDUV 7KHGROODUDPRXQWVDOORFDWHGIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHYDOXHVDORQJWKHULJKW<D[LV 1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
' 3URSHUW\6SDFH8VHDQG2EVHUYHG$UHDV
$UHDV2EVHUYHG
7KHLQWHULRUVSDFHVZHUHREVHUYHGLQRUGHUWRJDLQDFOHDUXQGHUVWDQGLQJRIWKHSURSHUW\¶VRYHUDOOFRQGLWLRQ2WKHU DUHDVDFFHVVHGLQFOXGHGWKHVLWHZLWKLQWKHSURSHUW\ERXQGDULHV DQGWKHH[WHULRURIWKHSURSHUW\ .H\6SDFHV1RW2EVHUYHG
$UHDVRIQRWHWKDWZHUHHLWKHULQDFFHVVLEOHRUQRWREVHUYHGIRURWKHUUHDVRQVDUHOLVWHGKHUH
6ORSHGURRIV
VDIHW\FRQFHUQV
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
( $'$$FFHVVLELOLW\
*HQHUDOO\7LWOH,,RIWKH$PHULFDQVZLWK'LVDELOLWLHV$FW $'$
SURKLELWVGLVFULPLQDWLRQE\HQWLWLHVWRDFFHVVDQGXVHRI³DUHDV RISXEOLFDFFRPPRGDWLRQV´DQG³SXEOLFIDFLOLWLHV´RQWKHEDVLVRIGLVDELOLW\5HJDUGOHVVRIWKHLUDJHWKHVHDUHDVDQGIDFLOLWLHV PXVWEHPDLQWDLQHGDQGRSHUDWHGWRFRPSO\ZLWKWKH$PHULFDQVZLWK'LVDELOLWLHV$FW$FFHVVLELOLW\*XLGHOLQHV $'$$*
$SXEOLFHQWLW\
LHFLW\JRYHUQPHQWV
VKDOORSHUDWHHDFKVHUYLFHSURJUDPRUDFWLYLW\VRWKDWWKHVHUYLFHSURJUDPRUDFWLYLW\ ZKHQYLHZHGLQLWVHQWLUHW\LVUHDGLO\DFFHVVLEOHWRDQGXVDEOHE\LQGLYLGXDOVZLWKGLVDELOLWLHV +RZHYHUWKLVGRHVQRW
1HFHVVDULO\ UHTXLUHDSXEOLFHQWLW\WRPDNHHDFKRILWVH[LVWLQJIDFLOLWLHVDFFHVVLEOHWRDQGXVDEOHE\LQGLYLGXDOVZLWK
GLVDELOLWLHV
5HTXLUHDSXEOLFHQWLW\WRWDNHDQ\DFWLRQWKDWZRXOGWKUHDWHQRUGHVWUR\WKHKLVWRULFVLJQLILFDQFHRIDQKLVWRULFSURSHUW\
RU
5HTXLUHDSXEOLFHQWLW\WRWDNHDQ\DFWLRQWKDWLWFDQGHPRQVWUDWHZRXOGUHVXOWLQDIXQGDPHQWDODOWHUDWLRQLQWKHQDWXUH RI D VHUYLFH SURJUDP RU DFWLYLW\ RU LQ XQGXH ILQDQFLDO DQG DGPLQLVWUDWLYH EXUGHQV ,Q WKRVH FLUFXPVWDQFHV ZKHUH SHUVRQQHORIWKHSXEOLFHQWLW\EHOLHYHWKDWWKHSURSRVHGDFWLRQZRXOGIXQGDPHQWDOO\DOWHUWKHVHUYLFHSURJUDPRUDFWLYLW\ RUZRXOGUHVXOWLQXQGXHILQDQFLDODQGDGPLQLVWUDWLYHEXUGHQVDSXEOLFHQWLW\KDVWKHEXUGHQRISURYLQJWKDWFRPSOLDQFH ZLWK
D
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
7KLVVXUYH\ZDVYLVXDOLQQDWXUHDQGDFWXDOPHDVXUHPHQWVZHUHQRWWDNHQWRYHULI\FRPSOLDQFH 2QO\DUHSUHVHQWDWLYHVDPSOHRIDUHDVZDVREVHUYHG
7ZRRYHUYLHZSKRWRVZHUHWDNHQIRUHDFKVXEVHFWLRQUHJDUGOHVVRISHUFHLYHGFRPSOLDQFHRUQRQFRPSOLDQFH ,WHPL]HGFRVWVIRULQGLYLGXDOQRQFRPSOLDQWLWHPVDUHQRWLQFOXGHGLQWKHGDWDVHW )RUDQ\³QRQH´ER[HVFKHFNHGRUUHIHUHQFHWR³QRLVVXHV´LGHQWLILHGWKDWDORQHGRHVQRWJXDUDQWHHIXOOFRPSOLDQFH 7KHSDUNZDVRULJLQDOO\FRQVWUXFWHGLQ
ZLWKDGGLWLRQDODPHQLWLHVDQGEXLOGLQJVDGGHGDQGUHQRYDWHGLQSKDVHVRYHU WLPH
'XULQJWKHLQWHUYLHZSURFHVVZLWKWKHFOLHQWUHSUHVHQWDWLYHVQRFRPSODLQWVRUSHQGLQJOLWLJDWLRQDVVRFLDWHGZLWKSRWHQWLDO DFFHVVLELOLW\LVVXHVZLWKLQWKHSDUNZHUHUHSRUWHG
1R GHWDLOHG IROORZXS DFFHVVLELOLW\ VWXGLHV DUH LQFOXGHG DV UHFRPPHQGDWLRQV VLQFH QR PDMRU RU PRGHUDWH LVVXHV ZHUH LGHQWLILHG DW DQ\ RI WKH SDUN DPHQLWLHV DQG IDFLOLWLHV 5HIHUHQFH WKH DSSHQGL[ IRU VSHFLILF GDWD SKRWRV DQG WDEOHV RU FKHFNOLVWVDVVRFLDWHGZLWKWKLVOLPLWHGDFFHVVLELOLW\VXUYH\ ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
) 3XUSRVHDQG6FRSH
3XUSRVH
%XUHDX9HULWDVZDVUHWDLQHGE\WKHFOLHQWWRUHQGHUDQRSLQLRQDVWRWKH3URSHUW\¶VFXUUHQWJHQHUDOSK\VLFDOFRQGLWLRQRQWKH GD\RIWKHVLWHYLVLW
%DVHG RQ WKH REVHUYDWLRQV LQWHUYLHZV DQG GRFXPHQW UHYLHZ RXWOLQHG EHORZ WKLV UHSRUW LGHQWLILHV VLJQLILFDQW GHIHUUHG PDLQWHQDQFHLVVXHVH[LVWLQJGHILFLHQFLHVDQGPDWHULDOFRGHYLRODWLRQVRIUHFRUGZKLFKDIIHFWWKH3URSHUW\¶VXVH2SLQLRQV DUHUHQGHUHGDVWRLWVVWUXFWXUDOLQWHJULW\EXLOGLQJV\VWHPFRQGLWLRQDQGWKH3URSHUW\¶VRYHUDOOFRQGLWLRQ7KHUHSRUWDOVR QRWHVFRQVWUXFWLRQV\VWHPVRUFRPSRQHQWVWKDWKDYHUHDOL]HGRUH[FHHGHGWKHLUW\SLFDOH[SHFWHGXVHIXOOLYHV 7KHSK\VLFDOFRQGLWLRQRIFRQVWUXFWLRQV\VWHPVDQGUHODWHGFRPSRQHQWVDUHW\SLFDOO\GHILQHGDVEHLQJLQRQHRIILYHFRQGLWLRQ UDWLQJV)RUWKHSXUSRVHVRIWKLVUHSRUWWKHIROORZLQJGHILQLWLRQVDUHXVHG
&RQGLWLRQ5DWLQJV
([FHOOHQW 1HZRUYHU\FORVHWRQHZ
FRPSRQHQWRUV\VWHPW\SLFDOO\KDVEHHQLQVWDOOHGZLWKLQWKHSDVW \HDUVRXQGDQGSHUIRUPLQJLWVIXQFWLRQ(YHQWXDOUHSDLURUUHSODFHPHQWZLOOEHUHTXLUHGZKHQ WKHFRPSRQHQWRUV\VWHPHLWKHUUHDFKHVWKHHQGRILWVXVHIXOOLIHRUIDLOVLQVHUYLFH *RRG 6DWLVIDFWRU\DVLV&RPSRQHQWRUV\VWHPLVVRXQGDQGSHUIRUPLQJLWVIXQFWLRQW\SLFDOO\ZLWKLQ WKHILUVWWKLUGRILWVOLIHF\FOH+RZHYHULWPD\VKRZPLQRUVLJQVRIQRUPDOZHDUDQGWHDU5HSDLU RUUHSODFHPHQWZLOOEHUHTXLUHGZKHQWKHFRPSRQHQWRUV\VWHPHLWKHUUHDFKHVWKHHQGRILWV XVHIXOOLIHRUIDLOVLQVHUYLFH
)DLU 6KRZLQJ VLJQV RI ZHDU DQG XVH EXW VWLOO VDWLVIDFWRU\ DVLVW\SLFDOO\ QHDUWKHPHGLDQ RI LWV HVWLPDWHGXVHIXOOLIH&RPSRQHQWRUV\VWHPLVSHUIRUPLQJDGHTXDWHO\DWWKLVWLPHEXWPD\ H[KLELWVRPHVLJQVRIZHDUGHIHUUHGPDLQWHQDQFHRUHYLGHQFHRISUHYLRXV UHSDLUV5HSDLURU UHSODFHPHQWZLOOEHUHTXLUHGGXHWRWKHFRPSRQHQWRUV\VWHP¶VFRQGLWLRQDQGRULWVHVWLPDWHG UHPDLQLQJXVHIXOOLIH
3RRU &RPSRQHQW RU V\VWHP LV VLJQLILFDQWO\ DJHGIODZHGIXQFWLRQLQJLQWHUPLWWHQWO\ RU XQUHOLDEO\
GLVSOD\V REYLRXV VLJQV RI GHIHUUHG PDLQWHQDQFH
VKRZV HYLGHQFH RI SUHYLRXV UHSDLU RU
ZRUNPDQVKLSQRWLQFRPSOLDQFHZLWKFRPPRQO\DFFHSWHGVWDQGDUGV KDVEHFRPHREVROHWH
RUH[KLELWV DQ LQKHUHQWGHILFLHQF\7KHSUHVHQW FRQGLWLRQ FRXOG FRQWULEXWHWRRU FDXVHWKH GHWHULRUDWLRQ RI FRQWLJXRXV HOHPHQWV RU V\VWHPV (LWKHU IXOO FRPSRQHQW UHSODFHPHQW LV QHHGHGRUUHSDLUVDUHUHTXLUHGWRUHVWRUHWRJRRGFRQGLWLRQSUHYHQWSUHPDWXUHIDLOXUHDQGRU SURORQJXVHIXOOLIH
)DLOHG &RPSRQHQW RU V\VWHP KDV FHDVHG IXQFWLRQLQJ RU SHUIRUPLQJ DV LQWHQGHG 5HSODFHPHQW UHSDLURURWKHUVLJQLILFDQWFRUUHFWLYHDFWLRQLVUHFRPPHQGHGRUUHTXLUHG 1RW$SSOLFDEOH $VVLJQLQJDFRQGLWLRQGRHVQRWDSSO\RUPDNHORJLFDOVHQVHPRVWFRPPRQO\GXHWRWKHLWHP LQTXHVWLRQQRWEHLQJSUHVHQW
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
6FRSH
7KHVWDQGDUGVFRSHRIWKH)DFLOLW\&RQGLWLRQ$VVHVVPHQWLQFOXGHVWKHIROORZLQJ
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
3URYLGHDIXOOGHVFULSWLRQRIWKH3URSHUW\ZLWKGHVFULSWLRQVRIH[LVWLQJV\VWHPVDQGFRPPHQWDU\RQREVHUYHGFRQGLWLRQV 3URYLGHDKLJKOHYHOFDWHJRULFDOJHQHUDOVWDWHPHQWUHJDUGLQJWKHVXEMHFW3URSHUW\¶VFRPSOLDQFHWR7LWOH,,,RIWKH$PHULFDQV ZLWK'LVDELOLWLHV$FW7KLVZLOOQRWFRQVWLWXWHDIXOO$'$VXUYH\EXWZLOOKHOSLGHQWLI\H[SRVXUHWRLVVXHVDQGWKHQHHGIRU IXUWKHUUHYLHZ
2EWDLQEDFNJURXQGDQGKLVWRULFDOLQIRUPDWLRQDERXWWKHIDFLOLW\IURPDEXLOGLQJHQJLQHHUSURSHUW\PDQDJHUPDLQWHQDQFH VWDIIRURWKHUNQRZOHGJHDEOHVRXUFH7KHSUHIHUUHGPHWKRGRORJ\LVWRKDYHWKHFOLHQWUHSUHVHQWDWLYHRUEXLOGLQJRFFXSDQW FRPSOHWHD3UH6XUYH\4XHVWLRQQDLUH
364
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
5
ZZZXVEXUHDXYHULWDVFRP_S
* 2SLQLRQVRI3UREDEOH&RVWV
&RVWHVWLPDWHVDUHDWWDFKHGWKURXJKRXWWKLVUHSRUWZLWKWKH5HSODFHPHQW5HVHUYHVLQWKHDSSHQGL[ 7KHVH HVWLPDWHV DUH EDVHG RQ,QYRLFH RU %LG 'RFXPHQWV SURYLGHG HLWKHU E\WKH 2ZQHUIDFLOLW\ DQG FRQVWUXFWLRQ FRVWV GHYHORSHG E\ FRQVWUXFWLRQ UHVRXUFHV VXFK DV R.S. Means, CBRE Whitestone, DQG Marshall & Swift, %XUHDX 9HULWDV¶V H[SHULHQFHZLWKSDVWFRVWVIRUVLPLODUSURSHUWLHVFLW\FRVWLQGH[HVDQGDVVXPSWLRQVUHJDUGLQJIXWXUHHFRQRPLFFRQGLWLRQV 2SLQLRQVRISUREDEOHFRVWVVKRXOGRQO\EHFRQVWUXHGDVSUHOLPLQDU\RUGHURIPDJQLWXGHEXGJHWV$FWXDOFRVWVPRVWSUREDEO\ ZLOO YDU\IURPWKH FRQVXOWDQW¶V RSLQLRQVRISUREDEOH FRVWVGHSHQGLQJ RQ VXFKPDWWHUVDVW\SHDQG GHVLJQRI VXJJHVWHG UHPHG\ TXDOLW\ RIPDWHULDOV DQG LQVWDOODWLRQPDQXIDFWXUHU DQG W\SH RI HTXLSPHQW RU V\VWHP VHOHFWHGILHOG FRQGLWLRQV ZKHWKHUDSK\VLFDOGHILFLHQF\LV UHSDLUHGRUUHSODFHGLQZKROHSKDVLQJRUEXQGOLQJRIWKHZRUN LIDSSOLFDEOH
TXDOLW\RI
FRQWUDFWRUTXDOLW\RISURMHFWPDQDJHPHQWH[HUFLVHGPDUNHWFRQGLWLRQVXVHRIVXEFRQWUDFWRUVDQGZKHWKHUFRPSHWLWLYH SULFLQJLVVROLFLWHGHWF&HUWDLQRSLQLRQVRISUREDEOHFRVWVFDQQRWEHGHYHORSHGZLWKLQWKHVFRSHRIWKLVJXLGHZLWKRXWIXUWKHU VWXG\2SLQLRQVRISUREDEOHFRVWIRUIXUWKHUVWXG\VKRXOGEHLQFOXGHGLQWKH)&$ 0HWKRGRORJ\
%DVHG XSRQ VLWH REVHUYDWLRQV UHVHDUFK DQG MXGJPHQW DORQJ ZLWK UHIHUHQFLQJ([SHFWHG 8VHIXO /LIH (8/
WDEOHVIURP
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
RIDFRPSRQHQW
RUV\VWHPHTXDOVWKH(8/OHVVLWVeffective ageZKHWKHUH[SOLFLWO\RULPSOLFLWO\VWDWHG3URMHFWLRQVRI5HPDLQLQJ8VHIXO/LIH
58/
DUHEDVHGSULPDULO\RQDJHDQGFRQGLWLRQZLWKWKHSUHVXPSWLRQRIFRQWLQXHGXVHDQGPDLQWHQDQFHRIWKH3URSHUW\ VLPLODUWRWKHREVHUYHGDQGUHSRUWHGSDVWXVHDQGPDLQWHQDQFHSUDFWLFHVLQFRQMXQFWLRQZLWKWKHSURIHVVLRQDOMXGJPHQWRI %XUHDX9HULWDV¶VDVVHVVRUV6LJQLILFDQWFKDQJHVLQRFFXSDQWVDQGRUXVDJHPD\DIIHFWWKHVHUYLFHOLIHRIVRPHV\VWHPVRU FRPSRQHQWV
:KHUHTXDQWLWLHVFRXOGQRWEHRUZHUHQRWGHULYHGIURPDQDFWXDOFRQVWUXFWLRQGRFXPHQWWDNHRIIRUIDFLOLW\ZDONWKURXJK DQGRUZKHUHV\VWHPLFFRVWVDUHPRUHDSSOLFDEOHRUSURYLGHPRUHLQWULQVLFYDOXHEXGJHWDU\VTXDUHIRRWDQGJURVVVTXDUH IRRWFRVWVDUHXVHG(VWLPDWHGFRVWVDUHEDVHGRQSURIHVVLRQDOMXGJPHQWDQGWKHSUREDEOHRUDFWXDOH[WHQWRIWKHREVHUYHG GHIHFWLQFOXVLYHRIWKHFRVWWRGHVLJQSURFXUHFRQVWUXFWDQGPDQDJHWKHFRUUHFWLRQV 'HILQLWLRQV
,PPHGLDWH1HHGV
,PPHGLDWH 1HHGV DUH OLQH LWHPV WKDW UHTXLUH LPPHGLDWH DFWLRQ DV D UHVXOW RI
PDWHULDO H[LVWLQJ RU SRWHQWLDO XQVDIH
FRQGLWLRQV
IDLOHGRULPPLQHQWIDLOXUHRIPLVVLRQFULWLFDOEXLOGLQJV\VWHPVRUFRPSRQHQWVRU
FRQGLWLRQVWKDWLIQRW
DGGUHVVHGKDYHWKHSRWHQWLDOWRUHVXOWLQRUFRQWULEXWHWRFULWLFDOHOHPHQWRUV\VWHPIDLOXUHZLWKLQRQH\HDURUZLOOPRVW SUREDEO\UHVXOWLQDVLJQLILFDQWHVFDODWLRQRILWVUHPHGLDOFRVW )RU GDWDEDVH DQG UHSRUWLQJ SXUSRVHV WKH OLQH LWHPV ZLWK 58/ DQG FRPPRQO\ DVVRFLDWHG ZLWK Safety RU Performance/Integrity3ODQ7\SHVDUHFRQVLGHUHG,PPHGLDWH1HHGV
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
5HSODFHPHQW5HVHUYHV
&RVWOLQHLWHPVWUDGLWLRQDOO\FDOOHG5HSODFHPHQW5HVHUYHV HTXLYDOHQWO\UHIHUUHGWRDV/LIHF\FOH5HQHZDOV
DUHIRUUHFXUULQJ
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
5HSODFHPHQW FRVWV DUH VROLFLWHG IURP RZQHUVKLSSURSHUW\ PDQDJHPHQW %XUHDX 9HULWDV¶V GLVFXVVLRQV ZLWK VHUYLFH FRPSDQLHVPDQXIDFWXUHUV
UHSUHVHQWDWLYHVDQGSUHYLRXVH[SHULHQFHLQSUHSDULQJVXFKVFKHGXOHVIRURWKHUVLPLODUIDFLOLWLHV &RVWVIRUZRUNSHUIRUPHGE\WKHRZQHUVKLS¶VRUSURSHUW\PDQDJHPHQW¶VPDLQWHQDQFHVWDIIDUHDOVRFRQVLGHUHG %XUHDX9HULWDV¶VUHVHUYHPHWKRGRORJ\LQYROYHVLGHQWLILFDWLRQDQGTXDQWLILFDWLRQRIWKRVHV\VWHPVRUFRPSRQHQWVUHTXLULQJ FDSLWDOUHVHUYHIXQGVZLWKLQWKHDVVHVVPHQWSHULRG7KHDVVHVVPHQWSHULRGLVGHILQHGDVWKHHIIHFWLYHDJHSOXVWKHUHVHUYH WHUP$GGLWLRQDOLQIRUPDWLRQFRQFHUQLQJV\VWHP¶VRUFRPSRQHQW¶VUHVSHFWLYHUHSODFHPHQWFRVWV LQWRGD\
VGROODUV
W\SLFDO
H[SHFWHG XVHIXO OLYHV DQG UHPDLQLQJ XVHIXO OLYHV ZHUH HVWLPDWHG VR WKDW D IXQGLQJ VFKHGXOH FRXOG EH SUHSDUHG 7KH 5HSODFHPHQW 5HVHUYHV 6FKHGXOH SUHVXSSRVHV WKDW DOO UHTXLUHG UHPHGLDO ZRUN KDV EHHQ SHUIRUPHG RU WKDW PRQLHV IRU UHPHGLDWLRQKDYHEHHQEXGJHWHGIRULWHPVGHILQHGDV,PPHGLDWH1HHGV )RUWKHSXUSRVHVRIµEXFNHWL]LQJ¶WKH6\VWHP([SHQGLWXUH)RUHFDVWVLQWKLVUHSRUWWKH5HSODFHPHQW5HVHUYHVKDYHEHHQ VXEGLYLGHGDQGJURXSHGDVIROORZV
6KRUW7HUP
\HDUV
1HDU7HUP
\HDUV
0HGLXP7HUP
\HDUV
DQG/RQJ
7HUP
\HDUV
.H\)LQGLQJV
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
$IDLUO\ FRPPRQ VFHQDULR HQFRXQWHUHG GXULQJWKH DVVHVVPHQW SURFHVV DQG DIUHTXHQW VRXUFH RI GHEDWH RFFXUVZKHQ FODVVLI\LQJDQGGHVFULELQJ³YHU\ROG´V\VWHPVRUFRPSRQHQWVWKDWDUHVWLOOIXQFWLRQLQJDGHTXDWHO\DQGGRQRWDSSHDUQRU ZHUHUHSRUWHGWREHLQDQ\ZD\GHILFLHQW7RKHOSSURYLGHVRPHDGGLWLRQDOLQWHOOLJHQFHRQWKHVHLWHPVVXFKFRPSRQHQWV ZLOOEHWDJJHGLQWKHGDWDEDVHDV([FHHGLQJO\$JHG7KLVGHVLJQDWLRQZLOOEHUHVHUYHGIRUPHFKDQLFDORUHOHFWULFDOV\VWHPV RUFRPSRQHQWVWKDWKDYHDJHGZHOOEH\RQGWKHLULQGXVWU\VWDQGDUGOLIHF\FOHVW\SLFDOO\DWOHDVW\HDUVEH\RQGDQGRUWZLFH WKHLU(VWLPDWHG8VHIXO/LIH
(8/
,QWDQGHPZLWKWKLVGHVLJQDWLRQWKHVHLWHPVZLOOEHDVVLJQHGD5HPDLQLQJ8VHIXO/LIH
58/
QRWOHVVWKDQWZR\HDUVEXWQRWJUHDWHUWKDQRIWKHLUVWDQGDUG(8/$VVXFKWKHUHFRPPHQGHGUHSODFHPHQWWLPH IRUWKHVHFRPSRQHQWVZLOOUHVLGHRXWVLGHWKHW\SLFDO6KRUW7HUPZLQGRZEXWZLOOQRWEHSXVKHGµLUUHVSRQVLEO\¶ WRRIDU
LQWR
WKHIXWXUH
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
+ (QHUJ\$XGLW
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
LH%RLOHUV0DNH8S$LU8QLWV':+HTXLSPHQW
UHYLHZOLJKWLQJV\VWHPVERWKH[WHULRUDQGLQWHULRU
DQGUHYLHZ
HIILFLHQF\RIDOOVXFKHTXLSPHQW7KHVWXG\DOVRLQFOXGHGLQWHUYLHZVDQGFRQVXOWDWLRQZLWKRSHUDWLRQDODQGPDLQWHQDQFH SHUVRQQHO7KHIROORZLQJLVDVXPPDU\RIWKHWDVNVDQGUHSRUWLQJWKDWPDNHXSWKH(QHUJ\$XGLWSRUWLRQRIWKHUHSRUW 7KHIROORZLQJLVDVXPPDU\RIWKHWDVNVDQGUHSRUWLQJWKDWPDNHXSWKH(QHUJ\$XGLWSRUWLRQRIWKHUHSRUW (QHUJ\DQG:DWHU8VLQJ(TXLSPHQW
%XUHDX9HULWDVKDVVXUYH\HGWKHFRPPRQDUHDVRIILFHVPDLQWHQDQFHIDFLOLWLHVDQGPHFKDQLFDOURRPVWRGRFXPHQWXWLOLW\ UHODWHGHTXLSPHQWLQFOXGLQJKHDWLQJV\VWHPVFRROLQJV\VWHPVDLUKDQGOLQJV\VWHPVDQGOLJKWLQJV\VWHPV %XLOGLQJ(QYHORSH
%XUHDX9HULWDVKDVUHYLHZHGWKHFKDUDFWHULVWLFVDQGFRQGLWLRQVRIWKHEXLOGLQJHQYHORSHFKHFNLQJLQVXODWLRQYDOXHVDQG FRQGLWLRQV7KLVUHYLHZDOVRLQFOXGHVDQLQVSHFWLRQRIWKHFRQGLWLRQRIZDOOVZLQGRZVGRRUVURRIDUHDVLQVXODWLRQDQG VSHFLDOXVHDUHDV
5HFRPPHQGDWLRQVIRU(QHUJ\6DYLQJV2SSRUWXQLWLHV
%DVHGRQWKHLQIRUPDWLRQJDWKHUHGGXULQJWKHRQVLWHDVVHVVPHQWWKHXWLOLW\UDWHVDVZHOODVUHFHQWFRQVXPSWLRQGDWD DQGHQJLQHHULQJDQDO\VLV%XUHDX9HULWDVKDVLGHQWLILHGRSSRUWXQLWLHVWRVDYHHQHUJ\DQGSURYLGHSUREDEOHFRQVWUXFWLRQ FRVWVSURMHFWHGHQHUJ\XWLOLW\VDYLQJVDQGSURYLGHDVLPSOHSD\EDFNDQDO\VLV $QDO\VLVRI(QHUJ\&RQVXPSWLRQ
%DVHGRQWKHLQIRUPDWLRQJDWKHUHGGXULQJWKHRQVLWHDVVHVVPHQWDQGD%XUHDX9HULWDVKDVFRQGXFWHGDQDQDO\VLVRI WKHHQHUJ\XVDJHRIDOOHTXLSPHQWDQGLGHQWLILHGZKLFKHTXLSPHQWLVXVLQJWKHPRVWHQHUJ\DQGZKDWHTXLSPHQWXSJUDGHV PD\EHQHFHVVDU\$VDUHVXOWHTXLSPHQWXSJUDGHVRUUHSODFHPHQWVDUHLGHQWLILHGWKDWPD\SURYLGHDUHDVRQDEOHUHWXUQ RQWKHLQYHVWPHQWDQGLPSURYHPDLQWHQDQFHUHOLDELOLW\
(QHUJ\$XGLW3URFHVV
,QWHUYLHZLQJVWDIIDQGUHYLHZSODQVDQGSDVWXSJUDGHV 3HUIRUPLQJDQHQHUJ\DXGLWIRUHDFKXVHW\SH
3HUIRUPLQJDSUHOLPLQDU\HYDOXDWLRQRIWKHXWLOLW\V\VWHP $QDO\]LQJILQGLQJVXWLOL]LQJ(&0FRVWEHQHILWZRUNVKHHWV 0DNLQJSUHOLPLQDU\UHFRPPHQGDWLRQVIRUV\VWHPHQHUJ\LPSURYHPHQWVDQGPHDVXUHV (VWLPDWLQJLQLWLDOFRVWDQGFKDQJHVLQRSHUDWLQJDQGPDLQWHQDQFHFRVWVEDVHGRQLPSOHPHQWDWLRQRIHQHUJ\HIILFLHQF\ PHDVXUHV
5DQNLQJUHFRPPHQGHGFRVWPHDVXUHVEDVHGRQWKHFULWLFDOLW\RIWKHSURMHFWDQGWKHODUJHVWSD\EDFN ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
, +LVWRULFDO(QHUJ\DQG:DWHU3HUIRUPDQFH0HWULFV
8WLOLW\'DWD7DEXODWLRQ0HWKRGRORJ\
1RXWLOLW\FRQVXPSWLRQRUFRVWGDWDZDVDYDLODEOHWR%XUHDX9HULWDVDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VDUHVXOW%XUHDX 9HULWDVKDVPRGHOHGWKHDSSUR[LPDWHUDWHEDVHGRQWKHXWLOLW\FRPSDQ\SXEOLVKHGWDULIIIRUFRPPHUFLDOLQVWLWXWLRQV%XUHDX 9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWDIURPWKHFOLHQW 8WLOLWLHV0HWHULQJDW*ODQFH
1XPEHURIHOHFWULFPHWHUVREVHUYHG )LYH
1XPEHURIJDVPHWHUVREVHUYHG 2QH
1XPEHURIGRPHVWLFZDWHUPHWHUREVHUYHG )LYH
$YHUDJH(VWLPDWHG8WLOLW\5DWHV
(OHFWULFLW\ 1DWXUDO*DV :DWHUDQG6HZHU
N:K WKHUP NJDO
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(OHFWULFLW\
1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHRZQHUDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VDUHVXOW%XUHDX 9HULWDVKDVXVHGWKHHOHFWULFUDWHIURPSXEOLVKHGWDULIIV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWD IURPWKHRZQHU
1DWXUDO*DV
1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHRZQHUDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VDUHVXOW%XUHDX 9HULWDVKDVXVHGWKHQDWXUDOJDVUDWHIURPSXEOLVKHGWDULIIV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDO GDWD
:DWHUDQG6HZHU
1RWH
1RZDWHUDQGVHZHUXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHFOLHQWDWWKHWLPHRIUHSRUWFRPSLODWLRQ$VD UHVXOW%XUHDX9HULWDVKDVXVHGDUDWHIURPSXEOLVKHGWDULIIV%XUHDX9HULWDVZLOOXSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDO GDWD
(QG8VH(QHUJ\'LVWULEXWLRQ
1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHRZQHUDWWKHWLPHRIUHSRUWFRPSLODWLRQ%XUHDX9HULWDVZLOO XSGDWHWKHUHSRUWRQUHFHLSWRIWKHDFWXDOGDWDIURPWKHRZQHU
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
(QHUJ\6WDU3RUWIROLR0DQDJHU)DFLOLW\6XPPDU\
%XUHDX9HULWDVXVHVWKH3RUWIROLR0DQDJHUWRROGHYHORSHGE\WKH)HGHUDO(QYLURQPHQWDO3URWHFWLRQ$JHQF\WRWUDFNUHODWLYH HQHUJ\XVHVRIEXLOGLQJVE\SURSHUW\W\SH7KLVWRRODOORZVWKHLQSXWRIDIDFLOLW\¶VKLVWRULFXWLOLW\GDWDWREHFRPSDUHGZLWK QRUPDOL]HGGDWDRIDODUJHGDWDEDVHRILWVSHHUIDFLOLWLHV 1RWH
1RXWLOLW\GDWDZDVUHFHLYHGE\%XUHDX9HULWDVIURPWKHRZQHUDWWKHWLPHRIUHSRUWFRPSLODWLRQ%XUHDX9HULWDVZLOO FRPSOHWHHQHUJ\EHQFKPDUNLQJRQUHFHLSWRIWKHDFWXDOGDWDIURPWKHRZQHU ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
- (QHUJ\&RQVHUYDWLRQ0HDVXUHV
%XUHDX9HULWDVKDVFRQGXFWHGDQ(QHUJ\$XGLWRQ)LQNELQHU3DUN)DFLOLWLHV7KHVWXG\LQFOXGHGDUHYLHZRIWKHEXLOGLQJ¶V FRQVWUXFWLRQ IHDWXUHV KLVWRULFDO HQHUJ\ DQG ZDWHU FRQVXPSWLRQ DQG FRVWV UHYLHZ RI WKH EXLOGLQJ HQYHORSH +9$& HTXLSPHQWKHDWGLVWULEXWLRQV\VWHPVOLJKWLQJDQGWKHEXLOGLQJ¶VRSHUDWLRQDODQGPDLQWHQDQFHSUDFWLFHV %XUHDX9HULWDVKDVHYDOXDWHGWKUHH(QHUJ\&RQVHUYDWLRQ0HDVXUHV (&0V
IRUWKLVSURSHUW\7KHVDYLQJVIRUHDFKPHDVXUH
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
5HFRPPHQGHG1RQ5HQHZDEOH(QHUJ\&RQVHUYDWLRQ0HDVXUHV
)LQDQFLDO,PSDFW
7RWDO3URMHFWHG,QLWLDO(&0,QYHVWPHQW
(In Current Dollars)
(VWLPDWHG$QQXDO&RVW6DYLQJV5HODWHGWR(&0V (In Current Dollars)
1HW(IIHFWLYH(&03D\EDFN \HDUV
.H\0HWULFVWR%HQFKPDUNWKH6XEMHFW3URSHUW\¶V(QHUJ\8VDJH3URILOH %XLOGLQJ6LWH(QHUJ\8VH,QWHQVLW\7KHVXPRIWKHWRWDOVLWHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVVEXLOGLQJ DUHD 6LWH HQHUJ\ DFFRXQWV IRU DOO HQHUJ\ FRQVXPHG DW WKH EXLOGLQJ ORFDWLRQ RQO\ QRW WKH HQHUJ\ FRQVXPHG GXULQJ JHQHUDWLRQDQGWUDQVPLVVLRQRIWKHHQHUJ\WRWKHVLWH %XLOGLQJ6RXUFH(QHUJ\8VH,QWHQVLW\±7KHVXPRIWKHWRWDOVRXUFHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVV EXLOGLQJDUHD6RXUFHHQHUJ\LVWKHHQHUJ\FRQVXPHGGXULQJJHQHUDWLRQDQGWUDQVPLVVLRQLQVXSSO\LQJWKHHQHUJ\WR\RXU VLWH
%XLOGLQJ&RVW,QWHQVLW\7KLVPHWULFLVWKHVXPRIDOOHQHUJ\XVHFRVWVLQGROODUVSHUXQLWRIJURVVEXLOGLQJDUHD *UHHQKRXVH *DV (PLVVLRQV $OWKRXJK WKHUH DUH QXPHURXV JDVHV WKDW DUH FODVVLILHG DV FRQWULEXWRUV WR WKH WRWDO IRU *UHHQKRXVH (PLVVLRQV WKH VFRSH RI WKLV HQHUJ\ DXGLW IRFXVHV RQ FDUERQ GLR[LGH &2
&DUERQ GLR[LGH HQWHUV WKH
DWPRVSKHUHWKURXJKWKHEXUQLQJRIIRVVLOIXHOV
RLOQDWXUDOJDVDQGFRDO
VROLGZDVWHWUHHVDQGZRRGSURGXFWVDQGDOVR
DVDUHVXOWRIRWKHUFKHPLFDOUHDFWLRQV
HJPDQXIDFWXUHRIFHPHQW
(QHUJ\&RQVHUYDWLRQ0HDVXUHV6FUHHQLQJ
%XUHDX9HULWDVVFUHHQV(&0VXVLQJWZRILQDQFLDOPHWKRGRORJLHV(&0VZKLFKDUHFRQVLGHUHGILQDQFLDOO\YLDEOHPXVWPHHW ERWKFULWHULD
6LPSOH3D\EDFN3HULRG±7KHQXPEHURI\HDUVUHTXLUHGIRUWKHFXPXODWLYHYDOXHRIHQHUJ\RUZDWHUFRVWVDYLQJVOHVV IXWXUH QRQIXHO RU QRQZDWHU FRVWV WR HTXDO WKH LQYHVWPHQW FRVWV RI WKH EXLOGLQJ HQHUJ\ RU ZDWHU V\VWHP ZLWKRXW FRQVLGHUDWLRQRIGLVFRXQWUDWHV(&0VZLWKDSD\EDFNSHULRGJUHDWHUWKDQWKH([SHFWHG8VHIXO/LIH (8/
RIWKHSURMHFWDUH
QRWW\SLFDOO\UHFRPPHQGHGDVWKHFRVWRIWKHSURMHFWZLOOQRWEHUHFRYHUHGGXULQJWKHOLIHVSDQRIWKHHTXLSPHQW7KHVH (&0VDUHUHFRPPHQGHGIRULPSOHPHQWDWLRQGXULQJIXWXUHV\VWHPUHSODFHPHQW$WWKDWWLPHUHSODFHPHQWPD\EHHYDOXDWHG EDVHGRQWKHSUHPLXPFRVWRILQVWDOOLQJHQHUJ\HIILFLHQWHTXLSPHQW ݐݏܥ ݈݅ܽݐ݊݅ܫ = ܾܽܿ݇ݕܲܽ ݈݁ܵ݅݉
ݏ݅݊݃ݒܵܽ ݈ܽݑ݊݊ܣ
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
6DYLQJVWR,QYHVWPHQW5DWLR
6,5
±7KH VDYLQJVWRLQYHVWPHQW UDWLRLVWKH UDWLRRIWKHSUHVHQW YDOXH VDYLQJVWRWKH SUHVHQWYDOXHFRVWVRIDQHQHUJ\RUZDWHUFRQVHUYDWLRQPHDVXUH7KHQXPHUDWRURIWKHUDWLRLVWKHSUHVHQWYDOXHRYHUWKH HVWLPDWHGXVHIXOOLIH
(8/
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
(ܮܷܧ ݅%, ,ݏ݅݊݃ݒܵܽ ݈ܽݑ݊݊ܣ) ݁ݑܸ݈ܽ ݐ݁݊ݏ݁ݎܲ = ܴܫܵ
ݐݏܥ ݈݅ܽݐ݊݅ܫ
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6 352-(&7
5
ZZZXVEXUHDXYHULWDVFRP _ S
%XUHDX9HULWDV KDVLGHQWLILHGWKUHH (QHUJ\&RQVHUYDWLRQ0HDVXUHV (&0
IRUWKLVSURSHUW\
/LVWRI5HFRPPHQGHG(QHUJ\&RQVHUYDWLRQ0HDVXUHV)RU)LQNELQHU3DUN)DFLOLWLHV 'HVFULSWLRQRI(&0 /RFDWLRQ
3URMHFWHG
,QLWLDO
,QYHVWPHQW
7RWDO(QHUJ\
6DYLQJV
7RWDO*UHHQ
+RXVH*DV
6DYLQJV
(VWLPDWHG
8WLOLW\&RVW
6DYLQJV
(VWLPDWHG
$QQXDO
2 0
6DYLQJV
7RWDO
(VWLPDWHG
$QQXDO
&RVW
6DYLQJV
6LPSOH
3D\EDFN 6,5 /LIH&\FOH 6DYLQJV ([SHFWHG 8VHIXO/LIH (8/
D
1DWXUDO*DV (OHFWULFLW\ 'HPDQG 5HGXFWLRQ :DWHU
7KHUPV
N:K
.:
N*DO
0PEWX
0W&2<U
<UV
<UV
7LWOH
8SJUDGH%XLOGLQJ/LJKWLQJWR/('DQG,QVWDOO$XWRPDWLF /LJKWLQJ&RQWUROV $WWULEXWH
5HSODFH+,'
[
/LQHDU)OXRUHVFHQW
[
7LWOH
,QVWDOO/RZ)ORZ)DXFHW$HUDWRUV
$WWULEXWH
5HSODFH[*30UDWHGEDWKURRPDHUDWRUVZLWK *30:DWHU6HQVHFHUWLILHGDHUDWRUV 7LWOH
,QVWDOO/RZ)ORZ7DQNOHVV5HVWURRP)L[WXUHV
$WWULEXWH
5HWURILW[
*3)WRLOHWVZLWKGXDOIOXVKIOXVKYDOYHV
Interactive Savings Discount @ 10%
Total Contingency Expenses @ 15%
7RWDOIRU,PSURYHPHQWV
/RFDWLRQ
%XLOGLQJ,QWHULRUDQG([WHULRU)LQNELQHU3DUN)DFLOLWLHV
/RFDWLRQ
$PHULFDQ /HJLRQ+DOO /RFDWLRQ
$PHULFDQ /HJLRQ+DOO
7RWDOVIRU1R/RZ&RVW,WHPV
7RWDO)RU&DSLWDO&RVW
(VWLPDWHG$QQXDO(QHUJ\ :DWHU6DYLQJV
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
. 2SHUDWLRQV 0DLQWHQDQFH3ODQ
7KHTXDOLW\RIWKHPDLQWHQDQFHDQGWKHRSHUDWLRQRIWKHIDFLOLW\¶VHQHUJ\V\VWHPVKDYHDGLUHFWHIIHFWRQLWVRYHUDOOHQHUJ\ HIILFLHQF\(QHUJ\HIILFLHQF\QHHGVWREHDFRQVLGHUDWLRQZKHQLPSOHPHQWLQJIDFLOLW\PRGLILFDWLRQVHTXLSPHQWUHSODFHPHQWV DQG JHQHUDO FRUUHFWLYH DFWLRQV 7KH IROORZLQJ LV D OLVW RI DFWLYLWLHV WKDW VKRXOG EH SHUIRUPHG DV SDUW RI WKH URXWLQH PDLQWHQDQFHSURJUDPIRUWKHSURSHUW\7KHVHDFWLRQVZLOOHQVXUHWKDWWKHHQHUJ\FRQVHUYDWLRQPHDVXUHVLGHQWLILHGLQWKLV UHSRUWZLOOUHPDLQHIIHFWLYH7KHIROORZLQJJHQHUDOUHFRPPHQGDWLRQVVKRXOGEHFRQWLQXHGRULPSOHPHQWHG %XLOGLQJ(QYHORSH
(QVXUHWKDWWKHEXLOGLQJHQYHORSHKDVSURSHUFDXONLQJDQGZHDWKHUVWULSSLQJ 3DWFKKROHVLQWKHEXLOGLQJHQYHORSHZLWKIRDPLQVXODWLRQDQGILUHUDWHGFDXONDURXQGFRPEXVWLRQYHQWV ,QVSHFWEXLOGLQJYHQWVVHPLDQQXDOO\IRUELUGLQIHVWDWLRQ ,QVSHFWZLQGRZVPRQWKO\IRUGDPDJHGSDQHVDQGIDLOHGWKHUPDOVHDOV 5HSDLUDQGDGMXVWDXWRPDWLFGRRUFORVLQJPHFKDQLVPVDVQHHGHG +HDWLQJDQG&RROLQJ
$OOSUHYHQWLYHPDLQWHQDQFHVKRXOGEHSHUIRUPHGRQDOOIXUQDFHVDQGERLOHUVZKLFKZRXOGLQFOXGHFOHDQLQJRIEXUQHUV DQGKHDWH[FKDQJHUWXEHV
(QVXUHWKDWWKHFRPEXVWLRQYHQWVH[KDXVWRXWVLGHWKHFRQGLWLRQHGVSDFHDQGWKHYHQWGDPSHUVDUHIXQFWLRQDO (QVXUHFRQWUROYDOYHVVWHDPYDOYHVDQGWUDSVDUHIXQFWLRQDOEHIRUHVWDUWRIHDFKKHDWLQJVHDVRQ (QVXUHWKHGXFWZRUNLQXQFRQGLWLRQHGVSDFHLVXQFRPSURPLVHGDQGZHOOLQVXODWHG 'XFWFOHDQLQJLVUHFRPPHQGHGHYHU\\HDUV7KLVVKRXOGLQFOXGHVHDOLQJRIGXFWVXVLQJSURGXFWVVLPLODUWRµDHURVHDO¶ (QVXUHWKDWWKHDLUGDPSHUVDUHRSHUDWLQJFRUUHFWO\ 5HWXUQYHQWVVKRXOGUHPDLQXQREVWUXFWHGDQGEHORFDWHGFHQWUDOO\ 7HPSHUDWXUHVHWWLQJVUHGXFHGLQXQRFFXSLHGDUHDVDQGVHWSRLQWVVHDVRQDOO\DGMXVWHG
(YDSRUDWRUFRLOVDQGFRQGHQVHUFRLOVVKRXOGEHUHJXODUO\FOHDQHGWRLPSURYHKHDWWUDQVIHU 5HIULJHUDQWSLSHVVKRXOGEHLQVXODWHGZLWKDPLQLPXPRIô´WKLFN(ODVWRPHWULF5XEEHU3LSH,QVXODWLRQ (QVXUHUHIULJHUDQWSUHVVXUHLVPDLQWDLQHGLQWKHFRQGHQVHUV &KDQJHDLUILOWHUVRQUHWXUQYHQWVVHDVRQDOO\8VHRQO\ILOWHUVZLWKµ0LQLPXP(IILFLHQF\5DWLQJ9DOXH¶ 0(59
RI
&HQWUDO'RPHVWLF+RW:DWHU
1HYHUSODFHJDVILUHGZDWHUKHDWHUVDGMDFHQWWRUHWXUQYHQWVVRDVWRSUHYHQWIODPHUROORXWV (QVXUHWKHFLUFXODWLRQV\VWHPLVRQWLPHUWRUHGXFHWKHORVVHVWKURXJKUHFLUFXODWLRQ (QVXUHDOOKRWZDWHUSLSHVDUHLQVXODWHGZLWKILEHUJODVVLQVXODWLRQDWDOOWLPHV 5HSODFHPHQWZDWHUKHDWHUVKRXOGKDYH(QHUJ\)DFWRU ()
!
7DQNW\SHZDWHUKHDWHUVIOXVKHGDQQXDOO\
/LJKWLQJ
8WLOL]HELOHYHOOLJKWLQJFRQWUROVLQVWDLUZHOOVDQGKDOOZD\V 8VHHQHUJ\HIILFLHQWUHSODFHPHQWODPSV
/('V
&OHDQOLJKWLQJIL[WXUHUHIOHFWLYHVXUIDFHVDQGWUDQVOXFHQWFRYHUV (QVXUHWKDWWLPHUVDQGRUSKRWRFHOOVDUHRSHUDWLQJFRUUHFWO\RQH[WHULRUOLJKWLQJ 8VHRFFXSDQF\VHQVRUVIRURIILFHVDQGRWKHUURRPVZLWKLQIUHTXHQWRFFXSDQF\ ([LVWLQJ(TXLSPHQWDQG5HSODFHPHQWV
(QVXUHWKDWUHIULJHUDWRUDQGIUHH]HUGRRUVFORVHDQGVHDOFRUUHFWO\ (QVXUHNLWFKHQDQGEDWKURRPH[KDXVWRXWVLGHWKHEXLOGLQJDQGWKHLQWHUQDOGDPSHURSHUDWHVSURSHUO\ (QVXUHWKDWEDWKURRPYHQWVH[KDXVWRXW
2IILFHFRPSXWHUHTXLSPHQWHLWKHULQWKH³VOHHS´RU³RII´PRGHZKHQQRWXVHG ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
/ &HUWLILFDWLRQ
7KH&LW\RI*OHQGRUD
WKH&OLHQW
UHWDLQHG%XUHDX9HULWDVWRSHUIRUPWKLV)DFLOLW\&RQGLWLRQ$VVHVVPHQWLQFRQQHFWLRQZLWK LWVFRQWLQXHGRSHUDWLRQRI)LQNELQHU3DUN)DFLOLWLHV 1RUWK&XOOHQ$YHQXHDQG1RUWK:DEDVK$YHQXH*OHQGRUD &DOLIRUQLD
WKH ³3URSHUW\´,WLVRXUXQGHUVWDQGLQJWKDWWKHSULPDU\LQWHUHVWRIWKH&OLHQWLVWRORFDWHDQGHYDOXDWH PDWHULDOVDQGEXLOGLQJV\VWHPGHIHFWVWKDWPLJKWVLJQLILFDQWO\DIIHFWWKHYDOXHRIWKHSURSHUW\DQGWRGHWHUPLQHLIWKHSUHVHQW 3URSHUW\KDVFRQGLWLRQVWKDWZLOOKDYHDVLJQLILFDQWLPSDFWRQLWVFRQWLQXHGRSHUDWLRQV 7KLVUHSRUWKDVEHHQSUHSDUHGIRUDQGLVH[FOXVLYHO\IRUWKHXVHDQGEHQHILWRIWKH&OLHQWLGHQWLILHGRQWKHFRYHUSDJHRIWKLV UHSRUW7KHSXUSRVHIRUZKLFKWKLVUHSRUWVKDOOEHXVHGVKDOOEHOLPLWHGWRWKHXVHDVVWDWHGLQWKHFRQWUDFWEHWZHHQWKHFOLHQW DQG%XUHDX9HULWDV
7KLVUHSRUWRUDQ\RIWKHLQIRUPDWLRQFRQWDLQHGWKHUHLQLVQRWIRUWKHXVHRUEHQHILWRIQRUPD\LWEHUHOLHGXSRQE\DQ\ RWKHUSHUVRQRUHQWLW\IRUDQ\SXUSRVHZLWKRXWWKHDGYDQFHZULWWHQFRQVHQWRI%XUHDX9HULWDV$Q\UHXVHRUGLVWULEXWLRQ ZLWKRXWVXFKFRQVHQWVKDOOEHDWWKHFOLHQW
VRUUHFLSLHQW
VVROHULVNZLWKRXWOLDELOLW\WR%XUHDX9HULWDV
7KHFRQFOXVLRQVDQGUHFRPPHQGDWLRQVSUHVHQWHGLQWKLVUHSRUWDUHEDVHGRQWKHEULHIUHYLHZRIWKHSODQVDQGUHFRUGVPDGH DYDLODEOH WR RXU 3URMHFW 0DQDJHU GXULQJ WKH VLWH YLVLW LQWHUYLHZV RI DYDLODEOH SURSHUW\ PDQDJHPHQW SHUVRQQHO DQG PDLQWHQDQFHFRQWUDFWRUVIDPLOLDUZLWKWKH3URSHUW\DSSURSULDWHLQTXLU\RIPXQLFLSDODXWKRULWLHVRXU3URMHFW0DQDJHU¶VZDON WKURXJKREVHUYDWLRQVGXULQJWKHVLWHYLVLWDQGRXUH[SHULHQFHZLWKVLPLODUSURSHUWLHV 1RWHVWLQJH[SORUDWRU\SURELQJGLVPDQWOLQJRURSHUDWLQJRIHTXLSPHQWRULQGHSWKVWXGLHVZHUHSHUIRUPHGXQOHVVVSHFLILFDOO\ UHTXLUHGXQGHUWKHPurpose and ScopeVHFWLRQRIWKLVUHSRUW7KLVDVVHVVPHQWGLGQRWLQFOXGHHQJLQHHULQJFDOFXODWLRQVWR GHWHUPLQHWKHDGHTXDF\RIWKH3URSHUW\¶VRULJLQDOGHVLJQRUH[LVWLQJV\VWHPV$OWKRXJKZDONWKURXJKREVHUYDWLRQVZHUH SHUIRUPHGQRWDOODUHDVPD\KDYHEHHQREVHUYHG
VHH6HFWLRQIRUVSHFLILFGHWDLOV
7KHUHPD\EHGHIHFWVLQWKH3URSHUW\
ZKLFKZHUHLQDUHDVQRWREVHUYHGRUUHDGLO\DFFHVVLEOHPD\QRWKDYHEHHQYLVLEOHRUZHUHQRWGLVFORVHGE\PDQDJHPHQW SHUVRQQHOZKHQTXHVWLRQHG7KHUHSRUWGHVFULEHVSURSHUW\FRQGLWLRQVDWWKHWLPHWKDWWKHREVHUYDWLRQVDQGUHVHDUFKZHUH FRQGXFWHG
3UHSDUHGE\
&DUO$OHMDQGUR
3URMHFW0DQDJHU
5HYLHZHGE\
0DU\9HQDEOH&(05$
3URJUDP0DQDJHU
0DU\YHQDEOH#EXUHDXYHULWDVFRP
[
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
0 $SSHQGLFHV
$SSHQGL[$
3KRWRJUDSKLF5HFRUG
$SSHQGL[%
6LWH3ODQ
$SSHQGL[&
3UH6XUYH\4XHVWLRQQDLUH
$SSHQGL['
$FFHVVLELOLW\5HYLHZDQG3KRWRV
$SSHQGL[(
&RPSRQHQW&RQGLWLRQ5HSRUW
$SSHQGL[)
5HSODFHPHQW5HVHUYHV
$SSHQGL[*
2EVHUYDWLRQ*360DS/LQNV
$SSHQGL[+
(TXLSPHQW,QYHQWRU\
$SSHQGL[,
(QHUJ\&RQVHUYDWLRQ0HDVXUHV&DOFXODWLRQV
$SSHQGL[-
/LJKWLQJ6\VWHP6FKHGXOH
$SSHQGL[.
(QHUJ\$XGLW*ORVVDU\RI7HUPV
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[$
3KRWRJUDSKLF5HFRUG
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP_S
$0(5,&$1/(*,21+$//)5217(/(9$7,21 $0(5,&$1/(*,21+$///()7(/(9$7,21 $0(5,&$1/(*,21+$//5($5(/(9$7,21 %$1'6+(//)5217(/(9$7,21 %$1'6+(///()7(/(9$7,21 %$1'6+(//5($5(/(9$7,21 ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP_S
&+(&.2875(6752206)5217(/(9$7,21 &+(&.2875(6752206/()7(/(9$7,21
&+(&.2875(67522065($5(/(9$7,21 )5217(/(9$7,21 /()7(/(9$7,21 5($5(/(9$7,21
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP_S
$0(5,&$1/(*,21+$//&/$665220 $0(5,&$1/(*,21+$//67$*( $0(5,&$1/(*,21+$//2)),&( $0(5,&$1/(*,21+$//%$6(0(17 $0(5,&$1/(*,21+$//.,7&+(1 %$1'6+(//6725$*(5220 ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP_S
%$1'6+(//67$*($5($ &+(&.2875(6752206,17(5,25 &+(&.2875(67522066725$*(5220 61$&.%$5.,7&+(1,17(5,25 6725$*(7$1.:$7(5+($7(5 522)02817('3$&.$*('81,7 ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP_S
63/,76<67(0$,5&21',7,21(5 +9$&*$6),5(')851$&( 522)02817('(;+$867)$1 0$,1%8,/',1*',675,%87,213$1(/
$63+$/73$9('3$5.,1*$5($ /2%%%$6(%$//),(/'29(59,(:
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
3KRWRJUDSKLF2YHUYLHZ
ZZZXVEXUHDXYHULWDVFRP_S
/2%%),(/'%$6(%$//'8*287 ),1.%,1(53$5.92//(<%$//&2857 ),1.%,1(53$5.%$6.(7%$//&2857 ),1.%,1(53$5.3,&1,&$5($ 6,7(/('32/(/,*+7 ),1.%,1(53$5.02180(176,*1$*( ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[%
6LWH3ODQ
6LWH3ODQ
3URMHFW1XPEHU 3URMHFW1DPH
5
)LQNELQHU3DUN)DFLOLWLHV
6RXUFH 2Q6LWH'DWH
*RRJOH 'HFHPEHU
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[&
3UH6XUYH\4XHVWLRQQDLUH
%XLOGLQJ)DFLOLW\1DPH
)LQNELQHU3DUN)DFLOLWLHV
1DPHRISHUVRQFRPSOHWLQJIRUP
5\DQ+DFHFN\
7LWOH$VVRFLDWLRQZSURSHUW\
)DFLOLWLHV0DLQWHQDQFH6XSHUYLVRU
/HQJWKRIWLPHDVVRFLDWHGZSURSHUW\
\HDUV
'DWH&RPSOHWHG
3KRQH1XPEHU
<HDU
V
FRQVWUXFWHG
%XLOGLQJVL]HLQ6)
0DMRU5HQRYDWLRQ5HKDELOLWDWLRQ
&RPSOHWHUHQRYDWLRQRI&KHFNRXW5HVWURRPVLQ0DUFK %9)$&,/,7<&21',7,21$66(660(17
35(6859(<48(67,211$,5(
'LUHFWLRQV
3OHDVHDQVZHUDOOTXHVWLRQVWRWKHEHVWRI\RXUNQRZOHGJHDQGLQJRRGIDLWK3OHDVHSURYLGHDGGLWLRQDOGHWDLOVLQWKH &RPPHQWVFROXPQRUEDFNXSGRFXPHQWDWLRQIRUDQ\<HVUHVSRQVHV 'DWD2YHUYLHZ
/LVWRWKHUVLJQLILFDQWFDSLWDO
LPSURYHPHQWV
IRFXVRQUHFHQW\HDUV
SURYLGHDSSUR[LPDWHGDWH
/LVWDQ\PDMRUFDSLWDOH[SHQGLWXUHV
SODQQHGUHTXHVWHGIRUWKHQH[WIHZ
\HDUV+DYHWKH\EHHQEXGJHWHG"
'HVFULEHDQ\RQJRLQJH[WUHPHO\
SUREOHPDWLFKLVWRULFDOO\FKURQLFRU
LPPHGLDWHIDFLOLW\QHHGV
5HVSRQVH
$FFHVVLELOLW\
6)
$GGLWLRQDO'HWDLO
0HWKRGRI&RPSOHWLRQ
,17(59,(:YHUEDOO\FRPSOHWHGGXULQJLQWHUYLHZ
)DFDGH
5RRI
,QWHULRUV
+9$&
(OHFWULFDO
6LWH3DYHPHQW
&RQVWUXFWHG 5HQRYDWHG
<HDU
0DUNWKHFROXPQFRUUHVSRQGLQJWRWKHDSSURSULDWHUHVSRQVH3OHDVHSURYLGHDGGLWLRQDOGHWDLOVLQWKH&RPPHQWVFROXPQRUEDFNXS GRFXPHQWDWLRQIRUDQ\<HVUHVSRQVHV
1$LQGLFDWHVNot Applicable8QNLQGLFDWHVUnknown
$UHWKHUHDQ\SUREOHPVZLWK
IRXQGDWLRQVRUVWUXFWXUHVOLNH
H[FHVVLYHVHWWOHPHQW"
$UHWKHUHDQ\ZDOOZLQGRZ
EDVHPHQWRUURRIOHDNV"
+DVDQ\SDUWRIWKHIDFLOLW\HYHU
FRQWDLQHGYLVLEOHVXVSHFWPROG
JURZWKRUKDYHWKHUHEHHQDQ\
LQGRRUDLUTXDOLW\FRPSODLQWV"
$UH\RXUHOHYDWRUVXQUHOLDEOHZLWK
IUHTXHQWVHUYLFHFDOOV"
$UHWKHUHDQ\SOXPELQJOHDNVZDWHU
SUHVVXUHRUFORJJLQJEDFNXSLVVXHV"
+DYHWKHUHEHHQDQ\OHDNVRU
SUHVVXUHSUREOHPVZLWKQDWXUDOJDV
+9$&SLSLQJRUVWHDPVHUYLFH"
$UHDQ\DUHDVRIWKHIDFLOLW\
LQDGHTXDWHO\KHDWHGFRROHGRU
YHQWLODWHG"3RRUO\LQVXODWHGDUHDV"
,VWKHHOHFWULFDOVHUYLFHRXWGDWHG
XQGHUVL]HGRUSUREOHPDWLF"
$UHWKHUHDQ\SUREOHPVRU
LQDGHTXDFLHVZLWKH[WHULRUOLJKWLQJ"
,VVLWHSDUNLQJGUDLQDJHLQDGHTXDWH
ZLWKH[FHVVLYHSRQGLQJRURWKHU
SUREOHPV"
$UHWKHUHDQ\RWKHUXQUHVROYHG
FRQVWUXFWLRQGHIHFWVRUVLJQLILFDQW
LVVXHVKD]DUGVDWWKHSURSHUW\WKDW
KDYHQRW\HWEHHQLGHQWLILHGDERYH"
$'$
+DVDQDFFHVVLELOLW\VWXG\EHHQ
SUHYLRXVO\SHUIRUPHG",IVRZKHQ"
$'$
+DYHDQ\$'$LPSURYHPHQWV
EHHQPDGHWRWKHSURSHUW\VLQFH
RULJLQDOFRQVWUXFWLRQ"'HVFULEH
$'$
+DVEXLOGLQJPDQDJHPHQW
UHSRUWHGDQ\DFFHVVLELOLW\EDVHG
FRPSODLQWVRUOLWLJDWLRQ"
/REE)LHOG6QDFN%DULVEHJLQQLQJWRVODQW
5RRIOHDNVDW%DQG6KHOO
4XHVWLRQ 5HVSRQVH &RPPHQWV
Signature of Assessor Signature of POC
<HV 1R 8QN 1$
$UHDQ\DUHDVRIWKHSURSHUW\OHDVHG
WRRXWVLGHRFFXSDQWV"
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL['
$FFHVVLELOLW\5HYLHZDQG3KRWRV
9LVXDO&KHFNOLVW$'$6WDQGDUGVIRU$FFHVVLEOH'HVLJQ $EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
)DFLOLW\+LVWRU\ ,QWHUYLHZ
4XHVWLRQ <HV 1R 8QN &RPPHQWV
+DVDQDFFHVVLELOLW\VWXG\EHHQSUHYLRXVO\
SHUIRUPHG",IVRZKHQ"
+DYHDQ\$'$LPSURYHPHQWVEHHQPDGHWR
WKHSURSHUW\VLQFHRULJLQDOFRQVWUXFWLRQ"
'HVFULEH
+DVEXLOGLQJPDQDJHPHQWUHSRUWHGDQ\
DFFHVVLELOLW\EDVHGFRPSODLQWVRUOLWLJDWLRQ"
5
3URSHUW\1DPH
%93URMHFW1XPEHU
)LQNELQHU3DUN)DFLOLWLHV
([WHULRU$FFHVVLEOH5RXWH
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
$&&(66,%/(3$7+ $&&(66,%/(5$03
4XHVWLRQ <HV 1R 1$ &RPPHQWV
,VDQDFFHVVLEOHURXWHSUHVHQWIURPSXEOLF
WUDQVSRUWDWLRQVWRSVDQGPXQLFLSDOVLGHZDONV
RQRULPPHGLDWHO\DGMDFHQWWRWKHSURSHUW\"
'RHVDPLQLPXPRIRQHDFFHVVLEOHURXWH
DSSHDUWRFRQQHFWDOOSXEOLFDUHDVRQWKH
H[WHULRUVXFKDVSDUNLQJDQGRWKHURXWGRRU
DPHQLWLHVWRDFFHVVLEOHEXLOGLQJHQWUDQFHV"
$UHFXUEUDPSVSUHVHQWDWWUDQVLWLRQVWKURXJK
UDLVHGFXUEVRQDOODFFHVVLEOHURXWHV"
'RFXUEUDPSVDSSHDUWRKDYHFRPSOLDQW
VORSHVIRUDOOFRPSRQHQWV"
'RUDPSUXQVRQDQDFFHVVLEOHURXWHDSSHDU
WRKDYHFRPSOLDQWVORSHV"
'RUDPSUXQVRQDQDFFHVVLEOHURXWHDSSHDU
WRKDYHDFRPSOLDQWULVHDQGZLGWK"
'RUDPSVRQDQDFFHVVLEOHURXWHDSSHDUWR
KDYHFRPSOLDQWHQGDQGLQWHUPHGLDWH
ODQGLQJV"
'RUDPSVDQGVWDLUVRQDQDFFHVVLEOHURXWH
DSSHDUWRKDYHFRPSOLDQWKDQGUDLOV"
)RUVWDLUZD\VWKDWDUHRSHQXQGHUQHDWKDUH
SHUPDQHQWEDUULHUVSUHVHQWWKDWSUHYHQWRU
GLVFRXUDJHDFFHVV"
%XLOGLQJ(QWUDQFHV
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
0$,1(175$1&( $8720$7,&'22523(1(5
4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RDVXIILFLHQWQXPEHURIDFFHVVLEOH
HQWUDQFHVDSSHDUWREHSURYLGHG"
,IWKHPDLQHQWUDQFHLVQRWDFFHVVLEOHLVDQ
DOWHUQDWHDFFHVVLEOHHQWUDQFHSURYLGHG"
,VVLJQDJHSURYLGHGLQGLFDWLQJWKHORFDWLRQRI
DOWHUQDWHDFFHVVLEOHHQWUDQFHV"
'RGRRUVDWDFFHVVLEOHHQWUDQFHVDSSHDUWR
KDYHFRPSOLDQWPDQHXYHULQJFOHDUDQFHDUHD
RQHDFKVLGH"
'RGRRUVDWDFFHVVLEOHHQWUDQFHVDSSHDUWR
KDYHFRPSOLDQWKDUGZDUH"
'RGRRUVDWDFFHVVLEOHHQWUDQFHVDSSHDUWR
KDYHDFRPSOLDQWFOHDURSHQLQJZLGWK"
'RSDLUVRIDFFHVVLEOHHQWUDQFHGRRUVLQ
VHULHVDSSHDUWRKDYHWKHPLQLPXPFOHDU
VSDFHEHWZHHQWKHP"
'RWKUHVKROGVDWDFFHVVLEOHHQWUDQFHVDSSHDU
WRKDYHDFRPSOLDQWKHLJKW"
,QWHULRU$FFHVVLEOH5RXWH
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
$&&(66,%/(,17(5,253$7+ '225+$5':$5(
4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RHVDQDFFHVVLEOHURXWHDSSHDUWRFRQQHFW
DOOSXEOLFDUHDVLQVLGHWKHEXLOGLQJ"
'RDFFHVVLEOHURXWHVDSSHDUIUHHRI
REVWUXFWLRQVDQGRUSURWUXGLQJREMHFWV"
'RUDPSVRQDFFHVVLEOHURXWHVDSSHDUWR
KDYHFRPSOLDQWVORSHV"
'RUDPSUXQVRQDQDFFHVVLEOHURXWHDSSHDU
WRKDYHDFRPSOLDQWULVHDQGZLGWK"
'RUDPSVRQDFFHVVLEOHURXWHVDSSHDUWR
KDYHFRPSOLDQWHQGDQGLQWHUPHGLDWH
ODQGLQJV"
'RUDPSVRQDFFHVVLEOHURXWHVDSSHDUWR
KDYHFRPSOLDQWKDQGUDLOV"
$UHDFFHVVLEOHDUHDVRIUHIXJHDQGWKH
DFFHVVLEOHPHDQVRIHJUHVVWRWKRVHDUHDV
LGHQWLILHGZLWKDFFHVVLEOHVLJQDJH"
'RSXEOLFWUDQVDFWLRQDUHDVKDYHDQ
DFFHVVLEOHORZHUHGVHUYLFHFRXQWHUVHFWLRQ"
'RSXEOLFWHOHSKRQHVDSSHDUPRXQWHGZLWKDQ
DFFHVVLEOHKHLJKWDQGORFDWLRQ"
'RGRRUVDWLQWHULRUDFFHVVLEOHURXWHVDSSHDU
WRKDYHFRPSOLDQWPDQHXYHULQJFOHDUDQFH
DUHDRQHDFKVLGH"
'RGRRUVDWLQWHULRUDFFHVVLEOHURXWHVDSSHDU
WRKDYHFRPSOLDQWKDUGZDUH"
'RQRQILUHKLQJHGVOLGLQJRUIROGLQJGRRUVRQ
LQWHULRUDFFHVVLEOHURXWHVDSSHDUWRKDYH
FRPSOLDQWRSHQLQJIRUFH"
'RGRRUVRQLQWHULRUDFFHVVLEOHURXWHVDSSHDU
WRKDYHDFRPSOLDQWFOHDURSHQLQJZLGWK"
3XEOLF5HVWURRPV
$EEUHYLDWHG$FFHVVLELOLW\&KHFNOLVW
72,/(767$//29(59,(: 6,1.)$8&(7+$1'/(6$1'$&&(6625,(6 4XHVWLRQ <HV 1R 1$ &RPPHQWV
'RSXEOLFO\DFFHVVLEOHWRLOHWURRPVDSSHDUWR
KDYHDPLQLPXPFRPSOLDQWIORRUDUHD"
'RHVWKHODYDWRU\DSSHDUWREHPRXQWHGDWD
FRPSOLDQWKHLJKWDQGZLWKFRPSOLDQWNQHH
DUHD"
'RHVWKHODYDWRU\IDXFHWKDYHFRPSOLDQW
KDQGOHV"
,VWKHSOXPELQJSLSLQJXQGHUODYDWRULHV
FRQILJXUHGWRSURWHFWDJDLQVWFRQWDFW"
$UHJUDEEDUVSURYLGHGDWFRPSOLDQWORFDWLRQV
DURXQGWKHWRLOHW"
'RWRLOHWVWDOOGRRUVDSSHDUWRSURYLGHWKH
PLQLPXPFRPSOLDQWFOHDUZLGWK"
'RWRLOHWVWDOOVDSSHDUWRSURYLGHWKHPLQLPXP
FRPSOLDQWFOHDUIORRUDUHD"
:KHUHPRUHWKDQRQHXULQDOLVSUHVHQWLQD
PXOWLXVHUUHVWURRPGRHVPLQLPXPRQHXULQDO
DSSHDUWREHPRXQWHGDWDFRPSOLDQWKHLJKW
DQGZLWKFRPSOLDQWDSSURDFKZLGWK"
'RDFFHVVRULHVDQGPLUURUVDSSHDUWREH
PRXQWHGDWDFRPSOLDQWKHLJKW"
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[(
&RPSRQHQW&RQGLWLRQ5HSRUW
!
"#$#$ %&'()&('*+",-(./0&1-.%23&*456-.)'*&*-'67890::3;<6-.&1.(-(3,--&1.=35>*?01'@$$A,B CD$D$ C(1:/1.=EF&*'1-',01' 91./-;5%&**:5DGH@$%, I#J CD$B$ C(1:/1.=EF&*'1-',01'EF&*'1-'K--'5%&**:5%&0./0'/ @D#
L
MCI$#$ >--N,01'>--N1.=57-/1N1*/C1&(4*. GO$%,#$
6D$#$ PQ'-(=Q-(&,01' 90::,1.13Q*350.23('N0)*5R'*?SR01.&TB$%,B 6D$#$>*3&'--43 ,01' 90::,1.13Q*356*'041)P1:* #B$%,D#6D$I$ PQ'-(=Q-(&U(1:/1.=R--',:--'1.=5V1.2:P1:*WV6PX TO$%,D 6D$I$ >*3&'--43 ,01',:--'1.=56*'041)P1:* #$$%,D#
6D$B$ PQ'-(=Q-(&U(1:/1.=,01'6*1:1.=,1.13Q*350.2N:0&3('N0)*5R'*?SR01.&GO$%,J
M
KD$#$ >*3&'--43 ,01'%1.Y<A0Z0&-'25V0.1&2P-?5%&01.:*33%&**: D#J KD$#$ PQ'-(=Q-(&R--'R:(4U1.=%23&*45%(??:2S%0.1&0'25A-;K*.31&2W*F):(/*3N1F&('*3XGO$%,D KD$#$>*3&'--43 ,01'P-1:*&56-44*')10:90&*'6:-3*& D#J
KD$#$ %.0)Y%&0./,01'%1.Y<A0Z0&-'25V0.1&2P-?5%&01.:*33%&**: ### KD$#$ E:*)&'1)0:'--4,01' 90&*'[*0&*'5E:*)&'1)5>*31/*.&10: #@ \]
KI$I$>--N,01'%?:1&%23&*4K()&:*335%1.=:*^-.*5#_B&-DP`+ # J KI$J$>--N,01'EFQ0(3&,0.5>--N-'90::H7-(.&*/5#JaK04?*'# ## b
KB$D$PQ'-(=Q-(&U(1:/1.=,01'E:*)&'1)0:% * 23&45,(::%23&*4>*.-Z0&1-.<8?='0/*5A-;K*.31&2<6-4?:*F1&2GO$%,D#
!
"#$%$&'()*+,)-'+../0-,+12,*)34.-+567%$8%$9: 7%7
"#$;$<3+.=>3.=*0-,+?@*(+,.+A,>3*,@>1BC*(/60=''DE>+-5(6A.2"(@C,*BF1*-@5-+50,G*=+(C9H$107$ IJ
K
L
M
&%$7$<3+.=>3.=*4=,'5,@>0-,+N-C(2.+O6N-4,@( *+B6P-+52..51*-@5-+57QA0H RS
T%$U$1@-)O1*-@5T..+&@>,@((+,@>1*=5B61*+=)*=+-'6V(@(+-'"(C,>@6"(C,>@ 77
M
W
!
X%$7$ X=,'5,@>&G*(+,.+0-,+&G*(+,.+Y-''C6-@BE-,@*(5C=+Z-)(6T+(EFT-,@*#6[[#10Q X%$%$X=,'5,@>&G*(+,.+0-,+ Y,@5.26:,@B'\N'-5".=4'(\V'-](567Q\%#10 %7Q X%$%$ X=,'5,@>&G*(+,.+0-,+ Y,@5.26^'=/,@=/".=4'(\V'-](567Q\%#10 %7Q X%$%$ X=,'5,@>&G*(+,.+0-,+ Y,@5.26Y..567Q\%#10 777Q X%$#$X=,'5,@>&G*(+,.+0-,+&G*(+,.+"..+61*(('61*-@5-+5 ;%7 X%$#$ X=,'5,@>&G*(+,.+0-,+&G*(+,.+"..+6^'=/,@=/\0+-/(5FV'-](561*-@5-+512,@> ;7Q
_
M
XU$7$ `..Z0-,+`..Z,@>6^CE3-'*13,@>'(6%$\a(-+1*-@5-+5[6#7$1077
N7$U$ <3+.=>3.=*4=,'5,@>0-,+?@*(+,.+"..+6Y..561.',5\N.+( 7Q%7 N7$[$ <3+.=>3.=*4=,'5,@>0-,+1=CE(@5(5N(,',@>C6^).=C*,)-'<,'(b^N<c96#%U107; N%$7$<3+.=>3.=*4=,'5,@>0-,+ Y-''0,@,C3(C6-@BC=+Z-)(6T+(EFT-,@*7$69Q#10Q N%$7$X-C(/(@*0-,+ Y-''0,@,C3(C6Y-''E-E(+ %6#%$10H
N%$7$`(C*+../C 0-,+ Y- 0'',@,C3(C6N(+-/,)<,'( H$$10%7 N%$U$ d-,@P-''0-,+0'..+,@>6Y..561*+,E %6$$$107Q
!
"#$%$&'()*+,-.'/-011/',234',506*++(',2 7$$6-8
"#$%$9*/1:2*1:(;:'0<',2-.'/-011/',234',506*++(',2 #38=$6-8 "#$%$ 6(1/.2+-.'/-011/',234',509'0+>4"9? #$$6-8
"#$%$ @+A(/11BA -.'/-011/',23"+/.B')9'0+ C$$6-#=
"#$%$9*/1:2*1:(;:'0<',2-.'/-011/',23"./D+(3"1BB+/)'.06(.,<./<=3$$$6-C "#$%$ E.A+B+,(-.'/-011/',234',509'0+>4"9? #3$=%6-8
"#$F$ 9*/1:2*1:(;:'0<',2-.'/"+'0',2-','A*+A3.,5G0.(A:/G.)+3H/+DIH.',(=3$$$6-C
J#$=$ E.A+B+,(-.'/ K.(+/L+.(+/3M.A3@+A'<+,('.03%$(1F$MNO =P J#$=$ @+A(/11BA -.'/91'0+(3"1BB+/)'.0K.(+/"01A+( C=C J#$=$ @+A(/11BA -.'/Q/',.036(.,<./< ==C
J#$=$9*/1:2*1:(;:'0<',2-.'/H0:B;',265A(+B36:DD05I6.,'(./53R+<':BJ+,A'(5>+S)0:<+AG'S(:/+A?83F#%6-#= J#$=$ @+A(/11BA -.'/6',TUO.V.(1/53K.00WL:,23X,.B+0+<6(++0 F=C J#$=$ &'()*+,-.'/6',TUO.V.(1/53"1BB+/)'.0&'()*+,3%WE1Y0 ==C J#$=$9*/1:2*1:(;:'0<',2-.'/J/',T',2-1:,(.',3K.00WR1:,(+<3E'WO+V+0 #8 Z
J%$#$ E.A+B+,(-.'/-:/,.)+3M.A ==%
J%$%$ @11G-.'/6D0'(65A(+B3"1,<+,A',2Q,'(UL+.(H:BD = 8 J%$%$@11G-.'/6D0'(65A(+B3"1,<+,A',2Q,'(UL+.(H:BD = 8 J%$%$ @11G-.'/6D0'(65A(+B3"1,<+,A',2Q,'(UL+.(H:BD = C J%$%$ E:'0<',2+S(+/'1/-.'/6D0'(65A(+B3"1,<+,A',2Q,'(UL+.(H:BD = 7 J%$%$@11G-.'/6D0'(65A(+B3"1,<+,A',2Q,'(UL+.(H:BD = 8 J%$F$9*/1:2*1:(;:'0<',2-.'/L4N"65A(+B3J:)(Y1/T3R+<':BJ+,A'(583F#%6-=C J%$F$@11G-.'/H.)T.2+<Q,'(3@9Q3H.<1/@11GWR1:,(+< =8 J%$C$@11G-.'/XS*.:A(-.,3@11G1/K.00WR1:,(+<3=C[J.BD+/= ==
!
"#$%$&'()*+,-.'/-'/+0122/+33'4,053(+678466+/)'.9&'()*+,72+/:-4;<44= >:-%% ?
"@$A$ B*/41C*41(-.'/D9+)(/').9053(+67-199053(+6E+,4F.('4,GH2C/.=+7I+='16"+,3'(5G84629+J'(5K7@AL0-A$ "@$A$ M1'9=',C+J(+/'4/-.'/0N'()*O4./=7%A$GA$PQ %A%
"@$#$ B*/41C*41(-.'/R,(+/'4/:'C*(',C053(+67-199H2C/.=+7I+='16"+,3'(5S0(.,=./=-'J(1/+3K7@AL0-%$ ?T
U
V
D%$L$&'()*+,-.'/-44=3+/F')+DW1'26+,(7DJ*.13(<44=7P(4%$:- %K D%$L$ &'()*+,-.'/-44=3+/F')+DW1'26+,(7X/'==9+ %K
D%$L$&'()*+,-.'/-44=3+/F')+DW1'26+,(7E+;/'C+/.(4/7AY"44/E+.)*YR, %K D%$#$ &'()*+,-.'/<+.9(*)./+DW1'26+,(7"+;'O/'99.(4/Z[D"\78.O',+(YI41,(+= %> ]
U!
-%$A$M1'9=',C+J(+/'4/-.'/0*+=GX.^+O4G0*.=+0(/1)(1/+7_44=4/I+(.9Y-/.6+=7M.3')GI','6.9L$$0-%> ]
`
XA$>$ 0'(+-.'/a./bM+,)*7_44=G846243'(+G-'O+/C9.33 %%% XA$>$ 0'(+-.'/a./bM+,)*7_44=G846243'(+G-'O+/C9.33 %%% XA$>$0'(+-.'/a./bM+,)*7_44=G846243'(+G-'O+/C9.33 %%%
XA$>$ 0'(+-.'/-9.C249+7I+(.9 %%>
XA$>$ 0'(+-.'/B/.3*E+)+2(.)9+7I+='16Y"1(5I+(.94/a/+).3( %%% X#$@$M1'9=',C+J(+/'4/-.'/DJ(+/'4/-'J(1/+NG:.627.,5(52+7NG:D"E+29.)+6+,( L%%
c ]V`
V]
!
MA$%$R,(+/'4/a44/DJ(+/'4/_.993784,)/+(+M94)bZ8IH\@$0-A
!
"
#$
%&'('%)*+,*-./0123*4356*3/0123*43744389122+8916-,63, &&:
%&'('%)*+,*-./0123*4356*3 ;<23=26,>74?@74438A+)B*-)B8:&C0:&CD:EE95F ::G
H
%I':' J44KL443J44K*-.8M4,*K*2,%*1)B2- I''95&
%I':'J44K56*3J44K*-.8M4,*K*2,%*1)B2- IG'95::
%I':' J44K56*3J44K*-.8ANO=6+19=*-.+28&'PQ263916-,63,:8E'E95::
#
R&'I' %6-,N=2++K+443L4435+443*-.8R4-?32128J2O6*3 :('95:
R&'I'9*12L4435+443*-.8R4-?32128J2O6*3 &''95:
S
7('&' T=34).=4)1U)*+,*-.56*37*N13*U)1*4-L6-2+8:&'>&E'V :W 7('&'T=34).=4)1U)*+,*-.56*3/+2?13*?6+9XN12B85)++9XN12BJ2-4<61*4->YO.36,28Z4[72-N*1X>R4BO+20*1X:8(I'95&:
7('E' T=34).=4)1U)*+,*-.56*3\-123*43Z*.=1*-.9XN12B85)++YO.36,28Z4[72-N*1X]916-,63,5*01)32N:8(I'95::
!
!
"
#$
%&':' %)*+,*-./0123*43/0?2++2-1/0123*43^6++N86-XO6*-12,N)3K6?28L32O]L6*-1:8E''95:' %&'('%)*+,*-./0123*43/0?2++2-1/0123*43744389122+8916-,63, &E' %&'(' %)*+,*-./0123*43/0?2++2-1/0123*43744389122+8961-,63, &E'
H
%I':'J44K/0?2++2-1J44K*-.8ANO=6+19=*-.+28&'PQ263916-,63,:8'''95&' #
R&':'T=34).=4)1U)*+,*-./0?2++2-1 ^6++5-**N=2N8V*-X+ :8(''95:( R&'I'T=34).=4)1U)*+,*-./0?2++2-15+443*-.86-XN)3K6?28[>L6-*143926+6-18L32O]L6*-1:8'''95:'
!"#$#%&'()*&()+,)-./-0*1234..40+!4-.-0*5-0-6&467809:.8+6)':8347;'4<=;8-0+>7###?5>#
@
A"#># %&'()*&()+,)-./-0*1234..40+;.)B,-0*?96+4B7?)<<.9=?80-+8'97C(DA406-+9E423.)/46:-2+)'46F>7###?5G# A"#># H46+'((B6 1234..40+%(-.4+7!(BB4'3-8.I8+4'!.(64+ $J# A"#>#K)-./-0*42+4'-('1234..40+A'-0L-0*5()0+8-0712+4'-('M?-+47;'4386+;4/46+8. >>$ A"#># H46+'((B6 1234..40+N'-08.7?+80/8'/ "J#
A"#># H46+'((B6 1234..40+?-0LMC8O8+('97P80-+9%(<7?+8-0.466?+44. $J# Q
A$#"# %&'()*&()+1234..40+1.43+'-38.?96+4B75)..?96+4BH40(O8+-(0MN<*'8/47C(DA406-+9M!(B<.42-+9>7###?5G# A$#"# 1.43+'-38.'((B1234..40+A-6+'-,)+-(0;804.7>"#M"G#P7H46-/40+-8.?+9.4 >J# A$#G# %&'()*&()+,)-./-0*1234..40+R0+4'-('C-*&+-0*?96+4B75)..N<*'8/47C(DA406-+9=?+80/8'/5-2+)'46>7###?5"# S
T
U"#V# ?-+458-'R''-*8+-(0?96+4B7A'-<?96+4B7H4<.834MR06+8..>##7###?5>> UG#$# K)-./-0*42+4'-('1234..40+12+4'-('5-2+)'4DMC8B<7809+9<47DMC1AH4<.834B40+ W"#
@
A"#>#?3()+X)+;-30-3Y'4858-'A'-0L-0*5()0+8-0712+4'-('M?-+47;'4386+;4/46+8. >Z A"#># C(,,5-4./58-'A'-0L-0*5()0+8-0712+4'-('M?-+47;'4386+;4/46+8. >Z A"#># C(,,5-4./58-'A'-0L-0*5()0+8-0712+4'-('M?-+47;'4386+;4/46+8. >Z A"#>#C(,,5-4./58-'A'-0L-0*5()0+8-0712+4'-('M?-+47;'4386+;4/46+8. >Z A"#>#?-+4K58-'A'-0L-0*5()0+8-0712+4'-('M?-+47;'4386+;4/46+8. >Z Q[
\
@
1"#>#C(,,5-4./58-'K.483&4'675-24/?+44.5'8B47Y.)B-0)BK403&46E<4'?48+FJ#>G
!"#"$%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="#> !"#"$%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="#> !"#" $%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="#> !"#" $%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="? !"#"$%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="? !"#" $%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="#> !"#" $%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="? !"#" $%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="? !"#"$%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="#> !"#" $%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="? !"#" $%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="#> !"#"$%&&'()*+',(-.*),/0)-12'(3)+45))*'-,6)27*86(986.)9/0)1:;)-4),5<="#> @
A
'#"!"4(5)',(-40)+BC,D)&%B40,+)45-8/58-)2E%%+%-F)5,*G'-,6)+2.,1(/BF(9(6,*=2H""4'#? '#"!"$%&&'()*+',(-40)+BC,D)&%B40,+)45-8/58-)2E%%+%-F)5,*G'-,6)+2.,1(/BF(9(6,*#""4'#I '#"!" $%&&'()*+',(-40)+BC,D)&%B40,+)45-8/58-)2E%%+%-F)5,*G'-,6)+2.,1(/BF(9(6,*#""4'#I '#"!" $%&&'()*+',(-40)+BC,D)&%B40,+)45-8/58-)2E%%+%-F)5,*G'-,6)+2.,1(/BF(9(6,*#""4'#I '#"!" $%&&'()*+',(-40)+BC,D)&%B40,+)45-8/58-)2E%%+%-F)5,*G'-,6)+2.,1(/BF(9(6,*#""4'#I '#"!"$%&&'()*+',(-40)+BC,D)&%B40,+)45-8/58-)2E%%+%-F)5,*G'-,6)+2.,1(/BF(9(6,*#""4'#I '#"!" $%&&'()*+',(-40)+BC,D)&%B40,+)45-8/58-)2E%%+%-F)5,*G'-,6)+2.,1(/BF(9(6,*#""4'#I '#"!" $%&&'()*+',(-40)+BC,D)&%B40,+)45-8/58-)2E%%+%-F)5,*G'-,6)+2.,1(/BF(9(6,*#""4'#I
JAKL
C!"!"4%850M,-N(9O$%5',(-M,-N(9O$%512M,P)6)95271;0,*52F(**QRP)-*,SH2=""4'#> C!"!"4%850M,-N(9O$%5',(-M,-N(9O$%512M,P)6)95271;0,*524),*Q45-(;)H2=""4'= C!"=".,1N)5&,**T%8-5M%%-4(+)U,*N2T%9/-)5)2$,-O)7-),1V""4'!
!
"
#
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
V
$%&K& 95-,04)53@58>58R)./,<W11G=01B?1*5-,=45.,3O/)** DDD $%&K& ()>G*7,//4)53@58>58R)./,<W11G=01B?1*5-,=45.,3O/)** DDD $%&K&95-,@113@58>58R)./,<W11G=01B?1*5-,=45.,3O/)** D% $%&K&F1..45,/G4)53@)3+(,>87<N,-)/@1TG,3H01)-,G DDD
$%&K&95-,4)53@58>58R)./,<@3,8)*-01>83,-, DDE
$%&K&95-,4)53@58>58R)./,<W11G=01B?1*5-,=45.,3O/)**D DD
!"#"$%&'()%*+%,-%,.)/0'123345637839%&'5(%/'*:0)99 ;;; !"#"<3//(%'04()%*('-,'9= )&'91('-,'16>)%-<%-?#@;1A""<(!; !"#" $%&'()%*+%,-%,.)/0'1+*',)9&63-,*'&' ;;B
!"#" $%&'()%*+)*?C'-,>1D'&)0+3E4'*F63)&'4 ;;;
!"#"$%&'()%*+%,-%,.)/0'123345637839%&'5(%/'*:0)99 ;;; !"#" $%&'G()%*+%,-%,.)/0'1+*',)9&63-,*'&' ;;B
!"#" <3//(%'04()%*.*)9>H','8&),0'1D'4%I7FJI&KD'&)03*+*',)9& ;L !"#" $%&'()%*+%,-%,.)/0'1+*',)9&63-,*'&' ;;B
!"#"<3//(%'04()%*.*)9>H','8&),0'1D'4%I7FJI&KD'&)03*+*',)9& ;;; !"#" $%&'6+33*+%,-%,.)/0'123345637839%&'5(%/'*:0)99 ;! !"#" $%&'()%*+%,-%,.)/0'1+*',)9&63-,*'&' ;;B
!"#"<3//(%'04()%*+)*?C'-,>1D'&)0+3E4'*F63)&'4 ;;;
!"#" $%&'()%*$%:-):'1+*38'*&K1D3-I7'-&1H'80),'5M-9&)00 ;;# !"#" $%&'()%*+)*?C'-,>1D'&)0+3E4'*F63)&'4 ;;;
!"#"<3//(%'04()%*+)*?C'-,>1D'&)0+3E4'*F63)&'4 ;;;
!"#" $%&'()%*+%,-%,.)/0'123345637839%&'5(%/'*:0)99 ;;; !"#" $%&'()%*+%,-%,.)/0'1+*',)9&63-,*'&' ;;B
!"#" C)-49>'00()%*+%,-%,.)/0'123345637839%&'5(%/'*:0)99 ;;; !"#"$%&'6()%*+%,-%,.)/0'123345637839%&'5(%/'*:0)99 ;;; !"#" $%&'6()%*.*)9>H','8&),0'1D'4%I7FJI&KD'&)03*+*',)9& ;L !"#" $%&'()%*.*)9>H','8&),0'1D'4%I7FJI&KD'&)03*+*',)9& ;;; !"#"$%&'()%*+%,-%,.)/0'123345637839%&'5(%/'*:0)99 ;;; !"#"$%&'6()%*+%,-%,.)/0'123345637839%&'5(%/'*:0)99 ;;; !"#"<3//(%'04()%*.*)9>H','8&),0'1D'4%I7FJI&KD'&)03*+*',)9&; ;; !"#"<3//(%'04()%*.*)9>H','8&),0'1D'4%I7FJI&KD'&)03*+*',)9& ;;;
!"#"$%&'()%*+%,-%,.)/0'1+*',)2&34-,*'&' 556
!"#"$%&'7+44*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 5! !"#" $%&'()%*+%,-%,.)/0'1+*',)2&34-,*'&' 556
!"#" $%&'3()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555 !"#">4//(%'09()%*.*)2?@','<&),0'1A')BCDEF&C(%G'934-,*'&' 556 !"#" $%&'()%*.*)2?@','<&),0'1A')BCDEF&C(%G'934-,*'&' 556 !"#" $%&'H()%*+%,-%,.)/0'1+*',)2&34-,*'&' 556
!"#" $%&'3()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555 !"#"$%&'3()%*.*)2?@','<&),0'1I'9%F;DEF&CI'&)04*+*',)2& 555 !"#" $%&'+44*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 5! !"#" >4//(%'09()%*+)*J7'-,?1I'&)0+4K9'*D34)&'9 555
!"#"$%&'()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555 !"#" $%&'()%*+%,-%,.)/0'1+*',)2&34-,*'&' 556
!"#" $%&'3()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555 !"#"$%&'()%*.*)2?@','<&),0'1I'9%F;DEF&CI'&)04*+*',)2& 5L !"#" $%&'3()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555 !"#" $%&'3()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555 !"#" $%&'()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555 !"#"$%&'()%*.*)2?@','<&),0'1A')BCDEF&C(%G'934-,*'&' 556 !"#" $%&'H()%*+%,-%,.)/0'1+*',)2&34-,*'&' 556
!"#" >4//(%'09()%*+)*J7'-,?1I'&)0+4K9'*D34)&'9 555
!"#"$%&'3()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555 !"#"$%&'H()%*.*)2?@','<&),0'1A')BCDEF&C(%G'934-,*'&' 556 !"#"$%&'3()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555 !"#"$%&'3()%*+%,-%,.)/0'18449:34;<42%&':(%/'*=0)22 555
!"#"$%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#"$%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#" ;(6)0',(-.(21(2<,&*)4=%%+>9%?@%A(6)>'(&)-B*,AA :::
!"#" ;(6)',(-;(B1,B)4.-%@)-6C45%1D?)164E)@*,2)>F1A6,** ::# !"#";(6)',(-.(21(2<,&*)4.-)2,A69%12-)6) ::G
!"#" ;(6)',(-<-,A3E)2)@6,2*)45)+(D?8HD6C5)6,*%-.-)2,A6 :::
!"#" $%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#" ;(6)',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#"$%&&'()*+',(-<-,A3E)2)@6,2*)45)+(D?8HD6C5)6,*%-.-)2,A6 :::
!"#" ;(6)9',(-.(21(2<,&*)4=%%+>9%?@%A(6)>'(&)-B*,AA :::
!"#" $%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#"$%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#" ;(6)',(-.(21(2<,&*)4.-)2,A69%12-)6) ::G
!"#" ;(6)',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#"$%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#" $%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#" $%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#" ;(6)',(-<-,A3E)2)@6,2*)4I),JC8HD6C'(K)+9%12-)6) ::G !"#"$%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#" ;(6).%%-.,-/0)1234=%%+>9%?@%A(6)>'(&)-B*,AA :!
!"#" ;(6)0',(-.(21(2<,&*)4=%%+>9%?@%A(6)>'(&)-B*,AA :::
!"#";(6)',(-;(B1,B)4.-%@)-6C45%1D?)164E)@*,2)>F1A6,** ::L !"#"$%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#"$%&&'()*+',(-.,-/0)12345)6,*.%7+)-89%,6)+ :::
!"#";(6)',(-.(21(2<,&*)4.-)2,A69%12-)6) ::G
!"#"$%&'()%*+)*,-'./012'&)3+456'*784)&'6 999
!"#"$%&'()%*+%/.%/:);3'1+*'/)<&84./*'&' 99=
!"#" $%&'()%*+%/.%/:);3'1+*'/)<&84./*'&' 99=
!"#" $%&'>()%*:*)<0?'/'@&)/3'1A')BC7DE&C(%F'684./*'&' 99= !"#"$%&'()%*+%/.%/:);3'1+*'/)<&84./*'&' 99=
!"#" G4;;(%'36()%*:*)<0?'/'@&)/3'12'6%EH7DE&C2'&)34*+*'/)<& 999 !"#" $%&'-()%*+%/.%/:);3'1I446J84H@4<%&'J(%;'*K3)<< 999 !"#" $%&'-()%*+%/.%/:);3'1I446J84H@4<%&'J(%;'*K3)<< 999 !"#"$%&'()%*+%/.%/:);3'1+*'/)<&84./*'&' 99=
!"#" $%&'8()%*+%/.%/:);3'1I446J84H@4<%&'J(%;'*K3)<< 999 !"#" G4;;(%'36()%*+)*,-'./012'&)3+456'*784)&'6 999
!"#"$%&'()%*+%/.%/:);3'1+*'/)<&84./*'&' 99=
!"#" $%&'()%*+%/.%/:);3'1I446J84H@4<%&'J(%;'*K3)<< 999 !"#" $%&'>()%*+%/.%/:);3'1+*'/)<&84./*'&' 99=
!"#"$%&'8()%*:*)<0?'/'@&)/3'12'6%EH7DE&C2'&)34*+*'/)<& 999 !"#" $%&'()%*+)*,-'./012'&)3+456'*784)&'6 999
!"#" $%&'()%*+%/.%/:);3'1+*'/)<&84./*'&' 99= !"#" G4;;(%'36()%*+)*,-'./012'&)3+456'*784)&'6 999 !"#"-).6<0'33+44*+%/.%/:);3'1I446J84H@4<%&'J(%;'*K3)<< 9! !"#" -).6<0'33()%*+%/.%/:);3'1I446J84H@4<%&'J(%;'*K3)<< 999 !"#" $%&'+44*+%/.%/:);3'1I446J84H@4<%&'J(%;'*K3)<< 9! !"#"G4;;(%'36()%*+)*,-'./012'&)3+456'*784)&'6 999
!"#"$%&'()%*:*)<0?'/'@&)/3'1A')BC7DE&C(%F'684./*'&' 99= !"#"G4;;(%'36()%*+)*,-'./012'&)3+456'*784)&'6 999
!"#"G4;;(%'36()%*+)*,-'./012'&)3+456'*784)&'6 999
!"#"$%&'()*%+,+*-./'0'1&*02'34'5%67896&:4'&*2;+<+'0*-& === !"#"$%&')*%+<%0>%0,*?2'3@;;5AB;71;-%&'A)%?'+C2*-- === !"#" $%&')*%+)'>0'-D *&'-3)'>0'34'&*2,6?'EF!3#""G)!= !"#" $%&'H)*%+,+*-./'0'1&*02'3I'*J:896&:)%K'5B;>0+'&' ==E !"#"$%&'<;;+<%0>%0,*?2'3@;;5AB;71;-%&'A)%?'+C2*-- =!
!"#" $%&'B<;;+<%0>%0,*?2'3@;;5AB;71;-%&'A)%?'+C2*-- =! !"#" $%&')*%+,+*-./'0'1&*02'3I'*J:896&:)%K'5B;>0+'&' ==E !"#" $%&'H)*%+<%0>%0,*?2'3<+'0*-&B;>0+'&' ==E
!"#"$%&')*%+<%0>%0,*?2'3@;;5AB;71;-%&'A)%?'+C2*-- === !"#" $%&')*%+<%0>%0,*?2'3<+'0*-&B;>0+'&' ==E
!"#" $%&'B)*%+,+*-./'0'1&*02'34'5%67896&:4'&*2;+<+'0*-& === !"#"$%&')*%+,+*-./'0'1&*02'34'5%67896&:4'&*2;+<+'0*-& =L !"#" G;??)%'25)*%+<*+M('>0.34'&*2<;N5'+8B;*&'5 ===
!"#" $%&')*%+<%0>%0,*?2'3@;;5AB;71;-%&'A)%?'+C2*-- === !"#"$%&')*%+<%0>%0,*?2'3<+'0*-&B;>0+'&' ==E
!"#" $%&'B)*%+<%0>%0,*?2'3@;;5AB;71;-%&'A)%?'+C2*-- === !"#" $%&'B)*%+<%0>%0,*?2'3@;;5AB;71;-%&'A)%?'+C2*-- === !"#" G;??)%'25)*%+<*+M('>0.34'&*2<;N5'+8B;*&'5 ===
!"#"$%&'H)*%+<%0>%0,*?2'3<+'0*-&B;>0+'&' ==E
!"#" $%&'B)*%+,+*-./'0'1&*02'34'5%67896&:4'&*2;+<+'0*-& === !"#" G;??)%'25)*%+<*+M('>0.34'&*2<;N5'+8B;*&'5 ===
!"#"(*>5-.'22)*%+,+*-./'0'1&*02'34'5%67896&:4'&*2;+<+'0*-& === !"#"$%&')*%+<%0>%0,*?2'3<+'0*-&B;>0+'&' ==E
!"#"$%&'B)*%+<%0>%0,*?2'3@;;5AB;71;-%&'A)%?'+C2*--= == !"O"G;??)%'25)*%+P++%C*&%;>$:-&'739+%1$:-&'7==Q3"""$)==
!"#"$%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#"E%**);&,**F%3-1',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" $%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" G(1)F',(-.%*)$(/01'(213-)45$,6789,:;1;7)H"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#"$%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" $%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" $%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" I,8J)1&,**F%3-1',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#"I,:+80)**',(-.%*)$(/01'(213-)45$,6789,:;1;7)H"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" $%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" $%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#"$%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" G(1)',(-.%*)$(/01'(213-)45$,6789,:;1;7)H"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" G(1)',(-.%*)$(/01'(213-)45$,6789,:;1;7)H"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#"G(1)F',(-.%*)$(/01'(213-)45$,6789,:;1;7)H"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" $%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" $%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" I,8J)1&,**F%3-1',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#"E%**);&,**F%3-1',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" G(1)',(-.%*)$(/01'(213-)45$,6789,:;1;7)H"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#" $%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#"G(1)F',(-.%*)$(/01'(213-)45$,6789,:;1;7)H"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#"$%&&'()*+',(-.%*)$(/01'(213-)45$,6789,:;1;7)<"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD !"#"G(1)',(-.%)*$(/01'(213-)45$,6789,:;1;7)H"=>(/0945$?@A)7*,B)6):19A)7*,B)5C:81,** DDD ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[)
5HSODFHPHQW5HVHUYHV
!"# !$%
&'%"
'( ) * $+ ,-,-,./0123,303.-,-,-,4/5,60/.3,/0275,5.03.3,-,.0-770.4.,20-26,.20236,6520162,-,3-04-4,203.1,70371,6610775,-899 !"# !$%
&'%"
'( ) * $+
:
;<$% ('!
=$> ?!
@')),-,-,-,-,60.55,-,7/0252,-,.2027-,./40661,730/54,5503-4,-,40.5/,/50.65,-,2420665,-,-,2024.,1/-037.899 !"# !$%
&'%"
'( ) * $+
:
A'!B
CD$))
E *D
C*?%'>$,-,./0-74,/02.2,-,-,-,-,-,-,10732,-,630-.5,-,-,-,-,.-03-1,-,-,-,-89 !"# !$%
&'%"
'( ) * $+
:
FD$("?G*
H$+*%??<+ ,-,-,-,-,-,-,-,-,-,-,.30243,/.50545,-,-,-,.50-2/,-,-,-,-,1/06./89 !"# !$%
&'%"
'( ) * $+
:
=?##
$)B
H$+*%??<+
C!'("
A'%,-,.-056/,.20637,-,.0-77,710561,..0/74,-,-,402.5,6.032.,501.1,-,-,-,60/-7,260/34,405.2,-,.0/4/,-89 I
889898989898989898989899898989898989898989899 !"# !$%
&'%"
'( ) * $+
JK
L
M
NML
M
K
O
JP
QRJ ST UJ J
L
V
W
XT
YZT[ MKU
\6-.-=?##
$)B5.7.2/-\% !" !>
?G!*' !0
]^*$% ?%:C *$0
&%$('+*
&$B$+*')0
H$_)'($.3 / 4 .];,20/--`--,107/-`--,107/-
,107/-
89
\6-.-=?##
$)B5.7.2/1\% !" !>
?G!*' !0
]^*$% ?%:C *$0
&%$('+*
&$B$+*')0
H$_)'($.3 / 4 .];,20/--`--,107/-`--,107/-
,107/-
89
\6-.-=?##
$)B5.7.276\% !" !>
?G!*' !0
]^*$% ?%:C *$0
&%$('+*
&$B$+*')0
H$_)'($.3 / 4 .];,20/--`--,107/-`--,107/-
,107/-
89
\6-.-C(?G*
@G*
& (! (
;%$'5.7.6/3\% !" !>
?G!*' !0
]^*$% ?%:C *$0
&%$('+*
&$B$+*')0
H$_)'($.3 / 4 .];,20/--`--,107/-`--,107/-
,107/-
89
\6-.-C *$
A5.7.272\% !" !>
?G!*' !0
]^*$% ?%:C *$0
&%$('+*
&$B$+*')0
H$_)'($.3 / 4 .];,20/--`--,107/-`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.6/2A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63./42-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.6..A)$'(D$%+0
^$B
C*$$)
'%<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63./42-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.2..A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63./42-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.62.A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63./42-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.61-A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63./42-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.625A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63...12-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.66/A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63...12-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.23/A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63...12-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.61/A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63...12-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.61.A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63...12-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.251A)$'(D$%+0
^ $B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63...12-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.27/A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63...12-];,.6-`--,./6`--,107/-
,107/-
89
]6-.-=?##
$)B5.7.245A)$'(D$%+0
^$B
C*$$)
%'<$0
;)G< !G<
A$!(D$+
a_$%
C$'*b0
H$_)'($63...12-];,.6-`--,./6`--,107/-
,107/-
89
.-6-=?##
$)B5.7.256CD$B:c'd$#?:CD'B$
C*%G(*G%$0
e??B
?%
f$*')g%'<$B0
A'+ (:f ! <')0
H$_)'($2-.1./.--C,63`--,22`53,20253
,20253
89
.-6-=?##
$)B5.7.221CD$B:c'd$#?:CD'B$
C*%G(*G%$0
e??B
?%
f$*')g%'<$B0
A'+ (:f ! <'
)0H$_)'($2-.1./.--C,63`--,22`53,20253
,20253
89
.-6-=?##
$)B5.7.262CD$B:c'd$#?:CD'B$
C*%G(*G%$0
e??B
?%
f$*')g%'<$B0
A'+ (:f ! <')0
H$_)'($2-.1./.--C,63`--,22`53,20253
,20253
89
.-6-=?##
$)B5.7.224CD$B:c'd$#?:CD'B$
C*%G(*G%$0
e??B
?%
f$*')g%'<$B0
A'+ (:f ! <')0
H$_)'($2-.1./.--C,63`--,22`53,20253
,20253
89
.-6-=?##
$)B5.7.627CD$B:c'd$#?:CD'B$
C*%G(*G%$0
e??B
?%
f$*')g%'<$B0
A'+ (:f ! <')0
H$_)'($2-.1./.--C,63`--,22`53,20253
,20253
89
.-6-=?##
$)B5.7.2-7CD$B:c'd$#?:CD'B$
C*%G(*G%$0
e??B
?%
f$*')g%'<$B0
A'+ (:f ! <')0
H$_)'($2-.1./.--C,63`--,22`53,20253
,20253
89
.-6-=?##
$)B5.7.65/CD$B:c'd$#?:CD'B$
C*%G(*G%$0
e??B
?%
f$*')g%'<$B0
A'+ (:f ! <')0
H$_)'($2-.1./.--C,63`--,22`53,20253
,20253
89
.-6-C *$5.7.2.2CD$B:c'd$#?:CD'B$
C*%G(*G%$0
e??B
?%
f$*')g%'<$B0
A'+ (:f ! <')0
H$_)'($2-...427--C,63`--,22`53,.67063-
,.67063-
89
c6-6-C?G*D
&'%" !>
=?*5.7.226&'%" !>
=?*+0
&'h$<$!*0
;+_D')*0
C$')
i
C*% _$ 3 6 272--C,-`13,-`/.,30-16
,30-16
,30-16
,30-16
,30-16
89
c6-6-C?G*D
&'%" !>
=?*5.7.662&'%" !>
=?*+0
&'h$<$!*0
;+_D')*0
f ))
i
jh$%)'k63...172--C,2`3-,1`52,2406.7
,2406.7
89
c6-2-A'+"$*#'))
F?G%*5.7.26.C B$E')"0
F?!(%$*$0
='%>$
;$%'+0
H$_)'($3-17 63--C,4`--,.6`.3,/0-53
,/0-53
89
c6-3-A'+"$*#'))
F?G%*5.7.2-3;*D)$* (
CG%l'($+
i
F?G%*+0
A'+"$*#')):c$!$%')0
;+_D')*
&'h$<$!*0
C$')
i
C*% _$ 3 2 623--C,-`13,-`/.,60.6/
,60.6/
,60.6/
,60.6/
,60.6/
89
c6-3-A'+"$*#'))
F?G*5 % .7.234C_?%*+
;__'%'*G+0
A'+"$*#'))0
A'("#?'%B:H <:&?)$0
H$_)'($63.1...];,403--`--,.60763`--,.60763
,.60763
89
c6-3-=?##
$)B5.7.264C_?%*+
;__'%'*G+0
A'+$#'))0
A'("+*?_
FD' !g= !"0
H$_)'($6- 4...];,30---`--,/053-`--,/053-
,/053-
89
c6-3-=?##
$)B5.7.22/C_?%*+
;__'%'*G+0
A'+$#'))0
A'("+*?_
FD' !g= !"0
H$_)'($6- 4...];,30---`--,/053-`--,/053-
,/053-
89
c6-3-=?##
$)B5.7.2//C_?%*+
;__'%'*G+0
A'+$#'))0
A'("+*?_
FD' !g= !"0
H$_)'($6- 4...];,30---`--,/503-`--,/053-
,/053-
89
c6-3-=?##
$)B5.7.652C_?%*+
;__'%'*G+0
A'+$#'))0
A'("+*?_
FD' !g= !"0
H$_)'($6- 4...];,30---`--,/053-`--,/053-
,/053-
89
c6-3-m?))$k#'))
F?G%*5.7.6/.C_?%*+
;__'%'*G+0
n$!! +:m?))$k#'))0
o$*
E:
&?+*+
i
;!(D?%+0
H$_)'($6- 4...];,.01--`--,.074-`--,.074-
,.074-
89
c6-3-A'+"$*#'))
F?G%*5.7.674C_?%*+
;__'%'*G+0
A'+"$#*'))0
A'("#?'%B:H <:&?)$0
H$_)'($63...1.];,403--`--,.60763`--,.60763
,.60763
89
c6-3-A'+"$*#'))
F?G%*5.7.241;*D)$* (
CG%l'($+
i
F?G%*+0
A'+"$*#')):c$!$%')0
;+_D')*
&'h$<$!*0
H$_)'($63...123--C,/`3-,7`57,2-05.2
,2-05.2
89
c6-3-C *$
;5.7.6.5F'<_>%?G!B
;(($++?% $+0
c% ))0
&$B$+*')gC*k)$0
H$_)'($.3 4 / .];,/--`--,7.-`--,7.-
,7.-
8
c6-3-C *$
;5.7.2.1F'<_>%?G!B
;(($++?% $+0
c% ))0
&$B$+*')gC*k)$0
H$_)'($.3 / 4 .];,/--`--,7.-`--,7.-
,7.-
8
c6-3-C *$
A5.7.667F'<_>%?G!B
;(($++?% $+0
c% ))0
&$B$+*')gC*k)$0
H$_)'($.3 / 4 .];,/--`--,7.-`--,7.-
,7.-
8
c6-3-C *$
F5.7.635F'<_>%?G!B
;(($++?% $+0
c% ))0
&$B$+*')gC*k)$0
H$_)'($.3 / 4 .];,/--`--,7.-`--,7.-
,7.-
8
c6-3-C *$5.7.254F'<_>%?G!B
;(($++?% $+0
c% ))0
&$B$+*')gC*k)$0
H$_)'($.3 1...];,/--`--,7.-`--,7.-
,7.-
8
c6-3-C *$5.7.6/5F'<_>%?G!B
;(($++?% $+0
c% ))0
&$B$+*')gC*k)$0
H$_)'($.3 1...];,/--`--,7.-`--,7.-
,7.-
8
c6-3-C *$5.7.222&)'k
C*%G(*G%$0
fG)* _G%_?+$0
m$%k
C<'))0
H$_)'($6- 4...];,/0---`--,70.--`--,70.--
,70.--
89
c6-3-m?))$k#'))
F?G%*5.7.2-/&)'kl $)B
CG%l'($+0
C'!B0
/p
\$_*D0
H$_)'($6- 4..26--C,.`/-,6`./,/04.6
,/04.6
89
c6-/-A'!B+D$))5.7.2-.& (! (
n'#)$0
e??B:F?<_?+ *$: #$%>)'++0
H$_)'($6-.76 .];,/--`--,7.-`--,7.-
,7.-
8
c6-/-C *$5.7.63/& (! (
n'#)$0
e??B:F?<_?+ *$: #$%>)'++0
H$_)'($6-.76 .];,/---`-,7.-`--,7.-
,7.-
8
c6-/-C *$5.7.25-& (! (
n'#)$0
e??B:F?<_?+ *$: #$%>)'++0
H$_)'($6-.76 .];,/--`--,7.-`--,7.-
,7.-
8
! "# $
%
&
'#
()#* +,-./+++++++,+-+.+/++$
01232456789:91;<=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>7129:1 9QRS322T22S:92T22S:92
S:92
U/
01232456789:9;;9=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>7129:1 9QRS322T22S:92T22S:92
S:92
U/
012324567
V89:9;W9=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>7129:1 9QRS322T22S:92T22S:92
S:92
U/
012324567
I89:9;93=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>7129:1 9QRS322T22S:92T22S:92
S:92
U/
012324567
I89:9;W2=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>7129:1 9QRS322T22S:92T22S:92
S:92
U/
01232456789:918<=ANX
V7?>YD
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>7129:1 9QRS322T22S:92T22S:92
S:92
U/
01232ZFBB
M57CG89:9122@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>71299` 9QRS822T22S`W<T22S`W<
S`W<
U,
01232456789:9;`3@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>71299` 9QRS822T22S`W<T22S`W<
S`W<
U,
01232456789:9133@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>71299` 9QRS822T22S`W<T22S`W<
S`W<
U,
012324567
I89:91;W@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>71299` 9QRS822T22S`W<T22S`W<
S`W<
U,
01232VA?GLY7CC89:91:1=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232VA?GLY7CC89:9;:<=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232VA?GLY7CC89:918:=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232VA?GLY7CC89:9;`:@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9;<8=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9129@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,01232ZFBB
M57CG89:9128=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9;W:=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91<`@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91;`@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9;22=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9192=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9;39=ANX
V7?>YD
[76A
C=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91W<=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9;21=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:919`@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9193=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91`3=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91:;=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91<<=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9112@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9;W3=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9123=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91W`=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91`8=ANX
V7?>YD
[76AC
=FaG7N]IFA76GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:912`=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91``=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9;`2=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:913:=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91;1=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9118=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:91<;=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232ZFBB
M57CG89:9;<<=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232456789:9;`9=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232456789:9;1:=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232456789:91;2=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232456789:9;92=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
012324 78 56 9:91<2=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232456789:9;2`=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232456789:9182@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232456789:91`9=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232456789:9189=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232456789:91;;=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232456789:9;31@NALY
P7>7K6A>C7D
[7G5\J]^\6_
[76AC
FN
=N7>AL6D
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232456789:911W=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232456789:99``=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
01232456789:9;`;=5>?5>
@ABC7D
EFFGHIFJKFL567HM5B7NOCALLD
P7KCA>712 `999QRS322T22S:92T22S:92
S:92
U/
01232456789:9;83=ANX
V7?>YD
[76AC
=FaG7N]IFA67GD
P7KCA>712 `999QRS822T22S`W<T22S`W<
S`W<
U,
! "# $
%
&
'#
()#* +,-./+++++++,+-+.+/++$
01232456789:9;:2<=>?
@7ABCD
E76=F
<GHI7>JKG=67ID
L7MF=B712 N999OPQ822R22QNSTR22QNST
QNST
U,
01232456789:9;S;<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
01232456789:9181<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
01232456789:91:2<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
@89:9;91<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
@89:9;98<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
@89:91:T<5BA5B
V=WF7XG D
GIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
@89:9;T9<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
@89:91T1V>=[C
L7B7M6=BF7D
E7I5^ZJ_^6`
E76=F
G>
<>7B=[6D
L7MF=B712 N999OPQ822R22QNSTR22QNST
QNST
U,
012324567
K89:9;11<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:9;38<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324 756
K89:9;T:<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:9;:S<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:91N:<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:9;3T<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7M=FB712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:9;2;<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:912T<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:9;9:<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:9;S1<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:9;STV>=[C
L7B7M6=BF7D
E7I5^ZJ_^6`
E76=F
G>
<>7B=[6D
L7MF=B712 N999OPQ822R22QNSTR22QNST
QNST
U,
012324567
K89:919;<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[
DL7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:91:9<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:91TSV>=[C
L7B7M6=BF7D
E7I5^ZJ_^6`
E76=F
G>
<>7B=[6D
L7MF=B712 N999OPQ822R22QNSTR22QNST
QNST
U,
012324567
K89:9;;:<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:91T9V>=[C
L7B7M6=BF7D
E7I5^ZJ_^6`
E76=F
G>
<>7B=[6D
L7MF=B712 N999OPQ822R22QNSTR22QNST
QNST
U,
012324567
K89:91:3<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:91SS<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
012324567
K89:9;::V>=[C
L7B7M6=BF7D
E7I5^ZJ_^6`
E76=F
G>
<>7B=[
6DL7MF=B712 N999OPQ822R22QNSTR22QNST
QNST
U,
012324567
K89:9119<5BA5B
V=WF7D
XGGIYKGZMG[567Y\5W7>]F=[[D
L7MF=B712 N999OPQ322R22Q:92R22Q:92
Q:92
U/
01232aGWW
\57FI89:912:V>=[C
L7B7M6=BF7D
b7=c`J_^6`
\5d7I
KGAB>767D
L7MF=B71T999S9OPQ9DS22R22Q9D:N2R22Q9D:N2
Q9D:N2
Ue/
01232456789:9;3:<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9;2S<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9;88<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9;8:<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:911N<5BA5B
V=WF7D
<>7B=[6
KGAB>776D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9;8;<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:91NT<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:91S:V>=[C
L7B7M6=BF7D
b7=c`J_^6`
\5d7I
KGAB>767D
L7MF=B71T999S9OPQ9DS22R22Q9D:N2R22Q9D:N2
Q9D:N2
Ue/
01232456789:918N<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9131<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9111<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:91S1<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:91S;<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9;T1<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:912S<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:91:8<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9;13<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:919S<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:91T:V>=[C
L7B7M6=BF7D
b7=c`J_^6`
\5d7I
KGAB>767D
L7MF=B71T999S9OPQ9DS22R22Q9D:N2R22Q9D:N2
Q9D:N2
Ue/
01232456789:9191V>=[C
L7B7M6=BF7D
b7=c`J_^6`
\5d7I
KGAB>767D
L7MF=B71T999S9OPQ9DS22R22Q9D:N2R22Q9D:N2
Q9D:N2
Ue/
01232456789:91::V>=[C
L7B7M6=BF7D
b7=c`J_^6`
\5d7I
KGAB>767D
L7MF=B71T999S9OPQ9DS22R22Q9D:N2R22Q9D:N2
Q9D:N2
Ue/
01232456789:91:S<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9;3;<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ91D22R22Q9D312R22Q9D312
Q9D312
Ue-
01232456789:9;;2V>=[C
L7B7M6=BF7D
b7=c`J_^6`
\5d7I
KGAB>767D
L7MF=B71T999S9OPQ9DS22R22Q9D:N2R22Q9D:N2
Q9D:N2
Ue/
01232456789:911T<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
012324567
P89:9;9T<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
012324567
P89:913N<5BA5B
V=WF7D
<>7B=[6
KGAB>767D
L7MF=B71T999S9OPQ9D122R22Q9D312R22Q9D312
Q9D312
Ue-
012324567
P89:9;NTV>=[C
L7B7M6=BF7D
b7=c`J_^6`
\5d7I
KGAB>767D
L7MF=B71T999S9OPQ9DS22R22Q9D:N2R22Q9D:N2
Q9D:N2
Ue/
! "# $
%
&
'#
()#* +,-./+++++++,+-+.+/++$
012324567
89:;:<=2>?@AB
C7D7E6@DF7G
H7@IJKLM6J
N5O7P
QRSD?767G
C7EF@D71=:::T:U8V:GT22W22V:G;X2W22V:G;X2
V:G;X2
YZ/
012324567
89:;:<=<[5DS5D
>@\F7G
[?7D@A6
QRSD?767G
C7EF@D71=:::T:U8V:G122W22V:G312W22V:G312
V:G312
YZ-
012324567
89:;:<9:[5DS5D
>@\7FG
[?7D@A6
QRSD?767G
C7EF@D71=:::T:U8V:G122W22V:G312W22V:G312
V:G312
YZ-
012324567
89:;:<;9>?@AB
C7D7E6@DF7G
H7@IJKLM6J
N5O7P
QRSD?767G
C7EF@D71=:::T:U8V:GT22W22V:G;X2W22V:G;X2
V:G;X2
YZ/
012324567
89:;:1X1[5DS5D
>@\F7G
[?7D@A6
QRSD?767G
C7EF@D71=:::T:U8V:G122W22V:G312W22V:G312
V:G312
YZ-
012324567
89:;:1X<[5DS5D
>@\F7G
[?7D@A6
QRSD?767G
C7EF@D71=:::T:U8V:G122W22V:G312W22V:G312
V:G312
YZ-
0123245679:;:<1T45]S@]7G
[?RE7?6JG
^RSM_7S6G
C7EF@D7`aSA6@FF12 9:<:U8V<G222W22VTG2=2W22VTG2=2
VTG2=2
YZ,0123245679:;:19945]S@]7G
[?RE7?6JG
^RSM_7S6G
C7EF@D7`aSA6@FF12 T:3:U8V<G222W22VTG2=2W22VTG2=2
VTG2=2
YZ,
0123245679:;:<;X45]S@]7G
[?RE7?6JG
^RSM_7S6G
C7EF@D7`aSA6@FF12 T:3:U8V<G222W22VTG2=2W22VTG2=2
VTG2=2
YZ,
012;2bR\\
N57FP9:;:<=Ta??5]@65RS
4JA67_G
L?5E
4JA67_G
C7EF@D712 X::::=2224NV<W22VTW2=VT3=G9=2
VT3=G9=2
Y-,Z.,
0T2=2c@SPAB7F9 F :;:1T9[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
12e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8VTG222W22V=GT22W22V=GT22
V=GT22
Y,Z
0T2=2c@Af76\@FF
QRM?69:;:1XT[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2c@Af76\@FF
QRM?69:;:<;:[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:1X2[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:<T9[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:<TT[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N75FP9:;:1:=[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:1<3[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:13T[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:12<[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:<1=[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S C6G
7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:<<=[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;::X;[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:<12[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=2bR\\
N57FP9:;:19T[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V9G222W22VXGT=2W22VXGT=2
VXGT=2
YZ,
0T2=245679:;:<X1[RF7
b5]B6
NO56M?7
d`
b@_EAG
@SJ
6JE7
12e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8VTG222W22V=GT22W22V=GT22
V=GT22
Y,Z
0T2=245679:;:<<9[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
12e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8VTG222W22V=GT22W22V=GT22
V=GT22
Y,Z
0T2=245679:;:<29[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
12e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8VTG222W22V=GT22W22V=GT22
V=GT22
Y,Z
0T2=245679:;:<TX[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
12e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8VTG222W22V=GT22W22V=GT22
V=GT22
Y,Z
0T2=24567
Q9:;:121[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
12e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8VTG222W22V=GT22W22V=GT22
V=GT22
Y,Z
0T2=24567
Q9:;:<19[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
12e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8VTG222W22V=GT22W22V=GT22
V=GT22
Y,Z
0T2=24567
Q9:;:<:X[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
12e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8VTG222W22V=GT22W22V=GT22
V=GT22
Y,Z
0T2=2gRFF7J\@FF
QRM?69:;:1:;[RF7
b5]B6
N5OM6?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V3G;22W22VXG:;2W22VXG:;2
VXG:;2
YZ/
0T2=2gRFF7J\@FF
QRM?69:;:<3X[RF7
b5]B6
N5O6M?7
d`
b@_EAG
@SJ
6JE7
<2e
H5]BG
d`
bUL
C7EF@D7_7S6G
C7EF@D7`aSA6@FF12 X:::U8V3G;22W22VXG:;2W22VXG:;2
VXG:;2
YZ/
h
Z
YYY,ZY,ZYYY/YZ-Y,ZY,Z/YY./-Z+YZ-YZY/Z.-,YY+Z.,YZ-Y,ZY/Z,YYZ/Z,/ h
Z
+ij
Z
#
#$ YYY-Z+,Y,Z,YYY-.YZ-,Y-Z+/.Y.Z,,YYZ//ZY+Z+Y+Z+,Y.+Z+YY,ZY+Z,Y/Z,/YZ//.YYZ.-Z+ N5Sf\5S7?
[@?f
N@D5F5657A
`
8_7?5D@S
b7]5RS
H@FF
! "# $
%
&
'#
()#* +,-./+++++++,+-+.+/++$
c12:2cM5FP5S]
UO67?5R?9:;2X33UO67?5R?
k@FFAG
@SJ
E@5S67P
AM?l@D7G
[?7E
m
[@5S6:2 T 3=99=4NV<W22VTWT3V1=G99T
V1=G99T
V1=G99T
Y,Z,
c1212cM5FP5S]
UO67?5R?9:;2X;9k5SPRdG
g5SJFKQF@P
LRM\F7K0F@n7PG
:3K1=
4NG
C7EF@D7<2:T:31U8VX22W22V:G<<;WX<V1G39;
V1G39;
YZ-./
c1212cM5FP5S]
UO67?5R?9:;2X;1k5SPRdG
kRRPG
:3K1=
4NG
C7EF@D7<2:T:3::U8V:G122W22V:G9;=W1TV:XG3<;
V:XG3<;
YZ-+/
c1212cM5FP5S]
UO67?5R?9:;2X;;k5SPRdG
8FM_5SM_
LRM\F7K0F@n7PG
:3K1=
4NG
C7EF@D7<2:T:31U8VX=2W22V:GT:<W<1V1G;19
V1G;19
YZ/.
c12=2cM5FP5S]
UO67?5R?9:;2X3=UO67?5R?
LRR?G
8FM_5SM_KN?@_7P
m
0F@n7PG
46@SP@?P
4d5S]G
C7EF@D7<2:T:3TU8V:G<22W22V:GX<TW2:V9G9<3
V9G9<3
Y.Z.+-
c<2:2CRRl9:;2X91CRRl5S]G
8AEB@F6
4B5S]F7G
12Ko7@?
46@SP@?PG
C7EF@D712 X::9=:24NV<W;2V=W3=VT1GT=3
VT1GT=3
YZ,-
Q:292>B?RM]BRM6
\M5FP5S]9:;2XX:4MAE7SP7P
Q75F5S]AG
8DRMA65D@F
>5F7
p8Q>qG
C7EF@D71=:::T;=1<4NV<W=2V=W1:VTTG<9X
VTTG<9X
YZ+.
Q12:2c@A7_7S69:;2X9Tk@FF
N5S5AB7AG
k@FFE@E7?G
C7EF@D7:= 3 X1=124NV1W12V<W19V;G1T;
V;G1T;
Y/Z/
Q12:2>B?RM]BRM6
\M5FP5S]9:;2XX=k@FF
N5S5AB7AG
@SJ
AM?l@D7G
[?7E
m
[@5S6:2 T 3:2;3=4NV:W=2V1W1<V1TG1T3
V1TG1T3
V1TG1T3
Y/Z
Q12<2 ^@5S
H@FF9:;2X=2NFRR?5S]G
kRRPG
46?5EG
C7EF@D7<2:T:312224NV:=W22V11W<1VTTG3<:
VTTG3<:
YZ-+
Q12<2r56DB7S9:;2XT2NFRR?5S]G
g5SJF
4B7765S]G
C7EF@D7:= 3 X;224NV9W22V:2WT:V;G<<:
V;G<<:
Y/Z++
Q12<246R?@]79:;2XX1NFRR?5S]G
g5SJF
>5F7
pgQ>qG
C7EF@D7:= 3 X1224NV=W22V9WTTV:GT;;
V:GT;;
YZ//
Q12<2c@A7_7S69:;2XT1NFRR?5S]G
g5SJF
>5F7
pgQ>qG
C7EF@D7:= 3 X12:<4NV=W22V9WTTV:TGX9T
V:TGX9T
YZ.
Q12<2>B?RM]BRM6
\M5FP5S]9:;2X39NFRR?5S]G
g5SJF
4B7765S]G
C7EF@D7:= 3 X1X:24NV9W22V:2WT:V<2G<2T
V<2G<2T
Y+Z+
Q12<2>B?RM]BRM6
\M5FP5S]9:;2X9XNFRR?5S]G
Q@?E76G
QR__7?D5@F
46@SP@?PG
C7EF@D7:2 T 3:2224NV9W=2V::W:3V::G:=;
V::G:=;
V::G:=;
YZ+-
Q12=2>B?RM]BRM6
\M5FP5S]9:;2X9;Q75F5S]
N5S5AB7AG
@SJ
lF@6
AM?l@D7G
[?7E
m
[@5S6:2 T 3:2224NV1W22V1WX;V1GX9=
V1GX9=
V1GX9=
Y,Z,
L12:2c@A7_7S69:;2X=3k@67?
H7@67?G
0@AG
C7A5P7S65@FG
<2
6R
=2
08bG
C7EF@D7:=::T :U8V:G<22W22V:GX<TW2:V:GX<T
V:GX<T
V:GX<T
Y+Z/-/
L12:2>B?RM]BRM6
\M5FP5S]9:;2XT9L?5Sf5S]
NRMS6@5SG
k@FFK^RMS67PG
c5Kb7I7GF
C7EF@D7:= 3 X 1U8V:G=22W22V1G1<:W==VTGT3<
VTGT3<
YZ-+
L12:2r56DB7S9:;2X3T45Sf`b@I@6R?JG
QR__7?D5@F
r56DB7SG
<KcRdFG
C7EF@D7<2:T:3:U8V1G=22W22V<G9:XW1=V<G9:X
V<G9:X
Y+Z.
! "# $
%
&
'#
()#* +,-./+++++++,+-+.+/++$
012324567899:6 ;3<2=>3?@ABCDEFE798GH
IEJJKLMANH
OAE:5J5P
?755JH
45QJER5S23T3>UOVW3H;22X22W1HU1=X2=W31H>TU
W31H>TU
YZ-,
012324569789:6 ;3<2=<T[9@J57H
\9::58R@EJ
IE758
\J9657H
45QJER5S23T3>>OVW3HS22X22W3H=STX23W33H>2T
W33H>2T
YZ-
012324567899:6 ;3<2=T<]8@AEJH
?7EAPE8PH
45QJER5S23T3>3OVW3H322X22W3H>S>XT;W3H>S>
W3H>S>
YZ-+-
0S212^E65:5A7;3<2=US_M8AER5H
`E6H
45QJER5 12 ;3S3OVWTH122X22W>H1T<XSTW>H1T<
W>H1T<
Y-Z/
0S2S2499a;3<2=>=?QJ@7
?G675:H
\9AP5A6@AN
]A@7CL5E7
bM:QH
45QJER53U = > 3OVWTH222X22WUH=U2X<2WUH=U3
WUH=U3
Y,Z,
0S2S2^M@JP@AN
5c758@98;3<2=;2?QJ@7
?G675:H
\9AP5A6@AN
]A@7CL5E7
bM:QH
45QJER53U ; < 3OVW;H322X22W32HU>1X>;W32HU>S
W32HU>S
YZ,-+
0S2S2499a;3<2=UU?QJ@7
?G675:H
\9AP5A6@AN
]A@7CL5E7
bM:QH
45QJER53U > = 3OVWTH222X22WUH=U2X<2WUH=U3
WUH=U3
Y,Z,
0S2S2499a;3<2=U=?QJ@7
?G675:H
\9AP5A6@AN
]A@7CL5E7
bM:QH
45QJER53U > = 3OVW;H322X22W32HU>1X>;W32HU>S
W32HU>S
YZ,-+
0S2S2499a;3<2==S?QJ@7
?G675:H
\9AP5A6@AN
]A@7CL5E7
bM:QH
45QJER53U > = 3OVWSHT22X22WUH2U<X3<WUH2U<
WUH2U<
Y,Z,/
0S2U2499a;3<2=U<bERBEN5P
]A@7H
4[]H
bEP
98 499aKd9MA75PH
45QJER51233= 3OVW33H222X22W3>HS>TX;2W3>HS>U
W3>HS>U
Y-Z+-,
0S2U2[e89MNe9M7
fM@JP@AN;3<2=<>LgV\
?G675:H
0MR7h98BH
d5P@M:
05A6@7GH
45QJER5S23T3>=U1S?_WTX22WUX=UWU>H>>=
WU>H>>=
Y,-Z--
0S2>2499a;3<2=<3OceEM67
_EAH
499a
98 IEJJKd9MA75PH
3>i
0E:Q58H
45QJER512 =333OVW1HT22X22WSHU;2XT<WSHU;2
WSHU;2
Y+,Z.
0T232j@7Re5A;3<2=T3_@85
?MQQ8566@9A
?G675:H
\9::58R@EJ
j@7Re5AH
Q58
D_
9a
L99PH
45QJER512 =33>D_WT22X22WU=UX2<WSHU;2
WSHU;2
Y+Z,.
0U212[e89MNe9M7;122T2=OJ5R78@REJ
?G675:H
_MJJ
?G675:
45A9FE7@9AC]QN8EP5H
d5P@M:
05A6@7GC\9:QJ5c@7GH
45QJER5T21212=U1S?_W3<X22W1>X;<W1UUH23S
W1UUH23SY,,Z+0U2T2[e89MNe9M7;122T2<kA758@98
D@Ne7@AN
?G675:H
_MJJ
]QN8EP5H
d5P@M:
05A6@7G
l
?7EAPE8P
_@c7M856H
45QJER5123232=U1S?_WTXU2W>X>=W>SH;US
W>SH;US
Y-+Z.,+
O32S2j@7Re5A;3<2=T=_99P658F@R5
OmM@Q:5A7H
OceEM67
L99PH
<
79 32
D_H
45QJER53U > = 3OVWTHU22X22W>H>=TX>UW>H>=U
W>H>=U
Y-Z-,
O32S2j@7Re5A;3<2=<S_99P658F@R5
OmM@Q:5A7H
`8@PPJ5H
45QJER53U > = 3OVW;H222X22W32HT3SX=2W32HT3T
W32HT3T
YZ
O32S2j@7Re5A;3<2==2_99P658F@R5
OmM@Q:5A7H
45a8@N58E798H
1K0998
45EReKkAH
45QJER53U > = 3OVWTH>22X22W>H<TSXT1W>H<TS
W>H<TS
Y-Z/+
O32T2j@7Re5A;3<2=>2L5EJ7eRE85
OmM@Q:5A7H
05a@f8@JJE798
nVO0oH
\Ef@A57Kd9MA75PH
45QJER532 T > 3OVW3HU22X22W1H1S3XUUW1H1S1
W1H1S1
W1H1S1
YZ-+
_3212^M@JP@AN
5c758@98;3<2=TS?e5PC`Ep5f9C?eEP5
?78MR7M85H
I99P
98 d57EJK_8E:5PH
^E6@RCd@A@:EJH
45QJER5S23T3>S22?_W1UX22WS;X3=W33H3U<
W33H3U<
YZ,/
`12>2?@75;3<2=;UbE8B
^5AReH
I99PC\9:Q96@75C_@f58NJE66H
45QJER512 =333OVW>22X22W<=1X>1W<=S
W<=S
Y/+
`12>2?@75;3<2=UTbE8B
^5AReH
I99PC\9:Q96@75C_@f58NJE66H
45QJER512 =333OVW>22X22W<=1X>1W<=S
W<=S
Y/+
`12>2?@75;3<2=>SbE8B
^5AReH
I99PC\9:Q96@75C_@f58NJE66H
45QJER512 =333OVW>22X22W<=1X>1W<=S
W<=S
Y/+
`12>2?@75;3<2=<2[8E6e
45R5Q7ERJ5H
d5P@M:K0M7G
d57EJ
98 b85RE67H
45QJER512 =333OVW;22X22W3H2T3XS=W3H2T3
W3H2T3
YZ
`12>2?@75;3<2=><_JENQ9J5H
d57EJH
45QJER5S23T3>3OVW1HU22X22WSH;3=X1UWSH;3=
WSH;3=
Y+Z.
`T2U2^M@JP@AN
5c758@98;3<2=;;Oc758@98
_@c7M85
hC
DE:QH
EAG
7GQ5H
hC
DO0
45QJER5:5A7H
45QJER512 =33SOVW>22X22W<=1X>1W1H>;<
W1H>;<
YZ-./
q
Z
YYYYYZ+YY.Z++-YYZ,-+YZ--Y-+Z.,+Y,,ZYY-Z/YZ+.YY,Z-YYYZ+Y,,Z+Y//-Z/, q
Z
+rs
Z
#
#$ YYYYYZ..YY/-Z+.+YY+Z+/Y-ZY/,Z-.Y..Z,YYZ.-Y-.Z.YY++Z.YYY+Z+Y-Z,/YZ+-.Z/ _@ABf@A58
bE8B
_ER@J@7@56
C
^EAP
?e5JJ
h@7e
?798EN5
! "# $
%
&
'#
()#* +,-./+++++++,+-+.+/++$
^1232kA7598@8;3<3232Oc758@98
IEJJ6H
\9AR8575
^J9RB
n\d]oH
45QJER5U2T<1U2?_W12X22W1=X;UW3HT<<
W3HT<<
YZ//
^12U2^M@JP@AN
Oc758@98;3<322>tF58e5EPC09RB
0998H
VJM:@AM:H
31uc31u
n3TT
?_oH
45QJER5S23T3>3OVWTHT22X22W>HUTUX<<W>HUT>
W>HUT>
Y-Z,-
^S232499a;3<322;499a@ANH
V6QeEJ7
?e@ANJ5H
12Kv5E8
?7EAPE8PH
45QJER512 =333T2T?_WSX<2WUX>UW;H=S;
W;H=S;
Y.Z+.^S232499a;3<322<499Aa@NH
d9P@a@5P
^@7M:5AH
45QJER5123< 1S22?_W32X22W3TX<<WTHT>S
WTHT>S
YZ-+
^S232499a;3<3231499a@ANH
d9P@a@5P
^@7M:5AH
45QJER512 =33S>2?_W32X22W3TX<<WUHSU>
WUHSU>
Y,Z+,-
\12S2?@75;3<3221_J998@ANH
\9AR8575H
45QE@8 2K3 3122?_WS2X22WTTX>SW<H=1>
W<H=1>
Y/Z-
\12S2^EAP
6e5JJ
aJ998;3<322=_J998@ANH
\9AR8575H
45QE@8 2K3 33U2?_WS2X22WTTX>SW>H>=U
W>H>=U
Y-Z-,
0U212[e89MNe9M7
fM@JP@AN;3<322T0@678@fM7@9A
bEA5JH
312C1T2
gH
45QJER5S213= 3OVW1HU22X22WSH;3=X1UWSH;3=
WSH;3=
Y+Z.
0U2T2[e89MNe9M7
fM@JP@AN;3<322UkA758@98
D@Ne7@AN
?G675:H
_MJJ
]QN8EP5H
D9h
05A6@7G
l
?7EAPE8P
_@c7M856H
45QJER512 =333US2?_W1X32WSX31WTH;<2
WTH;<2
YZ./
q
Z
YY,Z-Y,Z,YYYYYYY+Z.YY/Z.+YYYYY-Z,-YYYYYZ q
Z
+rs
Z
#
#$ YY-Z/Y-Z++YYYYYYYZ/,+YY,Z.YYYYYZ,YYYYY-Z... _@ABf@A58
bE8B
_ER@J@7@56
C
\e5RB9M7
4567899:6
! "# $
%
&
'#
()#* +,-./+++++++,+-+.+/++$
^1232^M@JP@AN
Oc758@98;3<3211Oc758@98
IEJJ6H
EAG
QE@A75P
6M8aER5H
b85Q
l
bE@A732 2323T22?_WSX22WTXT>W>H1T<
W>H1T<
W>H1T<YZ.
^S232499a;3<321U499a@ANH
V6QeEJ7
?e@ANJ5H
12Kv5E8
?7EAPE8PH
45QJER512 2123222?_WSX<2WUX>UWUH>US
WUH>USY,Z-,+
\1232[e89MNe9M7
fM@JP@AN;3<3213IEJJ
_@A@6e56H
g@AGJH
45QJER53U 23U3U22?_W1XU2WSX;1WUHU;=
WUHU;=
Y,Z,.
\12S2[e89MNe9M7
fM@JP@AN;3<321T_J998@ANH
EAG
6M8aER5H
hC
bE@A7
98 ?5EJEA7H
b85Q
l
bE@A732 2323222?_W3XU2W1X1SW1H1S1
W1H1S1
W1H1S1YZ-+
\12U2[e89MNe9M7
fM@JP@AN;3<321;\5@J@AN
_@A@6e56H
EAG
aJE7
6M8aER5H
b85Q
l
bE@A732 2323222?_W1X22W1X=<W1H=;U
W1H=;U
W1H=;UY,Z,
01232^M@JP@AN
5c758@98;3<321>08@AB@AN
_9MA7E@AH
Oc758@98C?@75H
b85RE67
b5P567EJH
45QJER53U 23U3OVWSH>22X22WUHSUUX;1WUHSU>
WUHSU>
Y,Z+,-
0U2T2[e89MNe9M7
fM@JP@AN;3<323;kA758@98
D@Ne7@AN
?G675:H
_MJJ
]QN8EP5H
D9h
05A6@7G
l
?7EAPE8P
_@c7M856H
45QJER512 2123222?_W1X32WSX31WSH31T
WSH31TY+Z
`12<2?@75;3<323=k88@NE7@9A
?G675:H
08@Q
?G675:H
45QJER5CkA67EJJ12 =33322222?_WSX22WTXT>WTT>HS32
WTT>HS32
Y-Z+
`T2U2^M@JP@AN
5c758@98;3<323UOc758@98
_@c7M85
hC
DE:QH
EAG
7GQ5H
hC
DO0
45QJER5:5A7H
45QJER512 212>OVW>22X22W<=1X>1WUHSU>
WUHSU>Y,Z+,-
q
Z
YYYYYYYYYYYZ,,Y-Z+YYYYZ+,YYYYY,Z,//YZ// q
Z
+rs
Z
#
#$ YYYYYYYYYYY,Z+,Y-.Z..YYYY.Z+-YYYYY-Z-Y--Z _@ABf@A58
bE8B
_ER@J@7@56
C
D9ff
_@5JP
4567899:6
?AERB
^E8
! "# $
%
&
'#
()#* +,-./+++++++,+-+.+/++$
012123456 674589:22;1<=>6?@A4B>?
3CD48EF
G>?75848
>5
GHI
JAKKD
LM
G>?4B?6>6D
=>>4B?NDF
O8PAB59<92 <;22Q=R1:2S22R19TS<:R91F;12
R91F;12
U.V
W:2:2W6BK@B?N
XY485B>591T12;2JB?@>LF
3488KF
:TZ;2
3=F
O8PKA78[21;1\[X0R:F[22S22R[F;:1S91R12F:\<
R12F:\<
UV-,
W[212O>>]9:22;1\O>>]B?NF
H>@B]B8@
WB46E8?F
O8PKA78:21212T^23=R12S22R1;STTR1[F:;1
R1[F:;1
U+V
G:212_`5>6N`>649:22;1^JAKK
=B?BD`8DF
A?C
D65]A78F
a58P
b
aAB?412 < <9<23=R1S<2R:S:[R1F\9;
R1F\9;
R1F\9;
U+V+.
G:2[2_`5>6N`>64
c6BK@B?N91T12:^=K>>5B?NF
dB?CK
_BK8
edG_fF
O8PKA781<1[ :9^23=R<S22R9S;;R<FT9\
R<FT9\
R<FT9\
UV.,+
G:2<2_`5>6N`>64
c6BK@B?N91T12[^G8BKB?N
=B?BD`8DF
A?C
]KA4
D65]A78F
a58P
b
aAB?412 ; \T^23=R:S22R:S^TR:F\;T
R:F\;T
R:F\;T
U,V-
g:212XK8745B7AK
5>>E91T12[\JA845
h8A485F
XK8745B7F
O8DB@8?4BAKF
O8PKA781<11; 1X0R\<2S22R^\9S21R^\9
R^\9
R^\9
UV+
g:212_`5>6N`>649:22;11aK6EcB?N
3C 8D4EF
36PPKC
b
3A?B4A5CF
Q>L
g8?DB4C
e8Y7K6@8D
]BY4658DfF
O8PKA78;2[T :T^23=R<S22R9S;;R\F\:2
R\F\:2
U-V-
g:2123?A7i
34A?@91T12[T3B?iMQAjA4>5CF
dA?B4C
_>PF
34AB?K8DD
3488KF
O8PKA78[21^111X0R1F:22S22R1F9T<S:;R1F9T<
R1F9T<
UV./,
g:212O8D45>>ED 91T12;:3B?iMQAjA4>5CF
dA?B4C
_>PF
34AB?K8DD
3488KF
O8PKA78[21;1\:X0R1F:22S22R1F9T<S:;R[F<92
R[F<92
U+V,.
g:212O8D45>>ED 91T12;;_>BK84F
G>EE857BAK
JA485
GK>D84F
O8PKA78[21;1\:X0R1F[22S22R1F^[;S21R[FT\T
R[FT\T
U+V/-/
g[2[2O>>]91T12[;3PB4K
3CD48E
g674K8DDF
3B?NK8
k>?8F
1S<
4>
:
_lmF
O8PKA781< ^ \ 1X0R;FT22S22R9F1;2S^\R9F1;1
R9F1;1
U.V
g[2\2O>>]91T12;[XY`A6D4
=A?F
O>>]
>5
JAKKZH>6?48@F
1\n
gAEP85F
O8PKA78:2 ^111X0R:F;22S22R[F<92S;TR[F<92
R[F<92
U+V,.
g<2;2_`5>6N`>649:22;1:o?485B>5
QBN`4B?N
3CD48EF
=6KK
IPN5A@8F
Q>L
g8?DB4C
b
34A?@A5@
=BY4658DF
O8PKA78:21212T^23=R:S12R[S1:R:F9T1
R:F9T1
UV./
X:212_`5>6N`>64
c6BK@B?N91T12[1GAD8L>5iF
GAcB?845CF
hA5@L>>@
34A?@A5@F
O8PKA78:211^1\Q=R[22S22R;;\S[1R9F1;1
R9F1;1
U.V
a:2[23?A7i
34A?@91T12;1X?NB?885B?N
346@CF
34567465AKF
p8?85AK
g8DBN?F
g8DBN? 2Z1 1 1X0R9F222S22R12F;1[^S2R12F;1;
R12F;1;
UV
q
V
UUVUV.UU-.U.+V/+UV./UUU.VU-VU,V+,-UUUUV-.UV+,U,V/.-UU-.UU-V+- q
V
+rs
V
#
#$ UUV.-U+V,/UUV//U/V.UV-/UUUV+.UV,+U.VUUUUV-/U+V-,UV.+UUV--UU-V ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[*
2EVHUYDWLRQ*360DS/LQNV
Component Description Attributes Action Description Location Description Condition Latitude Longitude GPS Map Link Plan Type Helper Label Effective Age Lifespan RUL Fiscal Year Observed Quantity Unit Cost Total Cost Barcode Comments Public Park Name AssetCALC ID Exterior Walls Concrete Block (CMU) Replace Interior Poor 34.138446 Ͳ117.860136 https://www.google.com/maps?q=+34.138446,Ͳ117.860136 Performance/Integrity Exterior Walls, Concrete Block (CMU), Replace 49 50 1 50 21.66 1083 Band Shell with Storage 7181010 Picnic Table Wood/Composite/Fiberglass Replace Site C Poor 34.138770 Ͳ117.859663 https://www.google.com/maps?q=+34.138770,Ͳ117.859663 Performance/Integrity Picnic Table, Wood/Composite/Fiberglass, Replace 19 20 1 1 649.8 649.8 000040 Finkbiner Park Facilities 7181316 Picnic Table Wood/Composite/Fiberglass Replace Site Poor 34.137218 Ͳ117.859736 https://www.google.com/maps?q=+34.137218,Ͳ117.859736 Performance/Integrity Picnic Table, Wood/Composite/Fiberglass, Replace 19 20 1 1 649.8 649.8 002056 Finkbiner Park Facilities 7181256Engineering Study Structural, General Design Design Snack Stand Poor 34.136781 Ͳ117.862580 https://www.google.com/maps?q=+34.136781,Ͳ117.862580 Performance/Integrity Engineering Study, Structural, General Design, Design 0 0 0 1 7581 7581 Lobb Field Restrooms Snack Bar 7181041 Flooring Vinyl Tile (VCT) Replace Throughout building Poor 34.136761 Ͳ117.862638 https://www.google.com/maps?q=+34.136761,Ͳ117.862638 Performance/Integrity Vinyl TileͲVCT 14 15 1 790 5.415 4277.85 Lobb Field Restrooms Snack Bar 7181029 Athletic Surfaces & Courts Basketball/General, Asphalt Pavement Seal & Stripe Basketball Court Poor 34.137597 Ͳ117.861496 https://www.google.com/maps?q=+34.137597,Ͳ117.861496 Performance/Integrity Athletic Surfaces & Courts, Basketball/General, Asphalt Pavement, Seal & Stripe 4 5 1 3500 0.48735 1705.725 Finkbiner Park Facilities 7181305 Flooring Concrete Repair Band shell floor Poor 34.138447 Ͳ117.860083 https://www.google.com/maps?q=+34.138447,Ͳ117.860083 Performance/Integrity Flooring, Concrete, Repair 0 0 0 150 32.49 4873.5 Band Shell with Storage 7181009 Flooring Concrete Repair Site Poor 34.138510 Ͳ117.860138 https://www.google.com/maps?q=+34.138510,Ͳ117.860138 Performance/Integrity Flooring, Concrete, Repair 0 0 0 200 32.49 6498 Band Shell with Storage 7181002Roofing Modified Bitumen Replace Roof Poor 34.138431 Ͳ117.860154 https://www.google.com/maps?q=+34.138431,Ͳ117.860154 Performance/Integrity Roofing, Modified Bitumen, Replace 19 20 1 300 10.83 3249 Band Shell with Storage 7181008 Picnic Table Wood/Composite/Fiberglass Replace Site Poor 34.137181 Ͳ117.859718 https://www.google.com/maps?q=+34.137181,Ͳ117.859718 Performance/Integrity Picnic Table, Wood/Composite/Fiberglass, Replace 19 20 1 1 649.8 649.8 002053 Finkbiner Park Facilities 7181235 Park Bench Wood/Composite/Fiberglass Replace Site Poor 34.137314 Ͳ117.859876 https://www.google.com/maps?q=+34.137314,Ͳ117.859876 Performance/Integrity Park Bench, Precast Concrete, Replace 19 20 1 1 649.8 649.8 002074 Finkbiner Park Facilities 7181275 Picnic Table Wood/Composite/Fiberglass Replace Bandshell Poor 34.138486 Ͳ117.860248 https://www.google.com/maps?q=+34.138486,Ͳ117.860248 Performance/Integrity Picnic Table, Wood/Composite/Fiberglass, Replace 19 20 1 1 649.8 649.8 000629 Finkbiner Park Facilities 7181301 Sidewalk Concrete, Large Areas Replace Basketball Court Poor 34.137533 Ͳ117.861500 https://www.google.com/maps?q=+34.137533,Ͳ117.861500 Performance/Integrity Sidewalk, Concrete, Large Areas, Replace 49 50 1 500 9.747 4873.5 Finkbiner Park Facilities 7181321 Picnic Table Wood/Composite/Fiberglass Replace Site Poor 34.138179 Ͳ117.859969 https://www.google.com/maps?q=+34.138179,Ͳ117.859969 Performance/Integrity Picnic Table, Wood/Composite/Fiberglass, Replace 19 20 1 1 649.8 649.8 002020 Finkbiner Park Facilities 7181331 Picnic Table Wood/Composite/Fiberglass Replace Site Poor 34.137831 Ͳ117.860162 https://www.google.com/maps?q=+34.137831,Ͳ117.860162 Performance/Integrity Picnic Table, Wood/Composite/Fiberglass, Replace 19 20 1 1 649.8 649.8 002039 Finkbiner Park Facilities 7181370Picnic Table Wood/Composite/Fiberglass Replace Site B Poor 34.137680 Ͳ117.860712 https://www.google.com/maps?q=+34.137680,Ͳ117.860712 Performance/Integrity Picnic Table, Wood/Composite/Fiberglass, Replace 19 20 1 1 649.8 649.8 002110 Finkbiner Park Facilities 7181341Suspended Ceilings Acoustical Tile (ACT) Replace Classroom Poor 34.137565 Ͳ117.859834 https://www.google.com/maps?q=+34.137565,Ͳ117.859834 Performance/Integrity Suspended Ceilings, Acoustical Tile (ACT), Replace 24 25 1 100 3.7905 379.05 American Legion Hall 7180989 Picnic Table Wood/Composite/Fiberglass Replace Site C Poor 34.138731 Ͳ117.859760 https://www.google.com/maps?q=+34.138731,Ͳ117.859760 Performance/Integrity Picnic Table, Wood/Composite/Fiberglass, Replace 19 20 1 1 649.8 649.8 002064 Finkbiner Park Facilities 7181340 Plumbing System Supply & Sanitary, Low Density (excludes fixtures) Replace Throughout Poor 34.136853837895366 Ͳ117.86270035706043 https://www.google.com/maps?q=34.136853837895366,Ͳ117.86270035706043 Performance/Integrity 38 40 2 890 5.415 4819.35 Lobb Field Restrooms Snack Bar 7200411 Foundation System Concrete or CMU Walls w/ Continuous Footings Repair Structure NA Performance/Integrity 70 75 5 400 129.96 51984 Lobb Field Restrooms Snack Bar 7200415 Roofing Asphalt Shingle, 20ͲYear Standard Replace Roof Excellent 34.137869 Ͳ117.861282 https://www.google.com/maps?q=+34.137869,Ͳ117.861282 Lifecycle/Renewal Asphalt Shingle Roof 1 20 19 1000 4.1154 4115.4 Checkout Restrooms 7181025 Plumbing System Supply & Sanitary, Low Density (excludes fixtures) Replace Throughout building Excellent 34.137964 Ͳ117.861079 https://www.google.com/maps?q=+34.137964,Ͳ117.861079 Lifecycle/Renewal Plumbing System, Supply & Sanitary, Low Density (excludes fixtures), Replace 1 40 39 1000 5.415 5415 Checkout Restrooms 7181020 Toilet Commercial Water Closet Replace Restrooms Excellent 34.138003 Ͳ117.861058 https://www.google.com/maps?q=+34.138003,Ͳ117.861058 Lifecycle/Renewal Toilet, Commercial Water Closet, Replace 1 30 29 5 1407.9 7039.5 Checkout Restrooms 7181028 Exterior Door Steel, Standard Replace Building Exterior Excellent 34.138012 Ͳ117.861110 https://www.google.com/maps?q=+34.138012,Ͳ117.861110 Lifecycle/Renewal Exterior Door Steel 1 40 39 2 649.8 1299.6 Checkout Restrooms 7181023 Drinking Fountain Exterior/Site, Precast Pedestal Replace Building exterior Excellent 34.137914 Ͳ117.861201 https://www.google.com/maps?q=+34.137914,Ͳ117.861201 Lifecycle/Renewal Drinking Fountain, Exterior/Site, Precast Pedestal, Replace 1 15 14 1 3898.8 3898.8 Checkout Restrooms 7181026 Flooring any surface, w/ Paint or Sealant Prep & Paint Throughout building Excellent 34.138002 Ͳ117.861070 https://www.google.com/maps?q=+34.138002,Ͳ117.861070 Lifecycle/Renewal Flooring, any surface, w/ Paint or Sealant, Prep & Paint 1 10 9 1000 1.6245 1624.5 Checkout Restrooms 7181024 Electrical System Full System Renovation/Upgrade, Low Density/Complexity Replace Throughout Excellent 34.13799031486448 Ͳ117.86114049570084 https://www.google.com/maps?q=34.13799031486448,Ͳ117.86114049570084 Lifecycle/Renewal 0 40 40 1000 14.079 14079 Checkout Restrooms 7200410 Interior Lighting System Full Upgrade, Low Density & Standard Fixtures Replace Throughout building Excellent 34.138012 Ͳ117.861066 https://www.google.com/maps?q=+34.138012,Ͳ117.861066 Lifecycle/Renewal Interior Lighting System, Full Upgrade, Low Density & Standard Fixtures, Replace 1 20 19 1000 2.2743 2274.3 Checkout Restrooms 7181017 Urinal Standard Replace Restrooms Excellent 34.138025 Ͳ117.861216 https://www.google.com/maps?q=+34.138025,Ͳ117.861216 Lifecycle/Renewal Urinal 1 30 29 2 1191.3 2382.6 Checkout Restrooms 7181018 Exterior Fixture w/ Lamp any type, w/ LED Replacement Replace Building exterior Excellent 34.138030 Ͳ117.861173 https://www.google.com/maps?q=+34.138030,Ͳ117.861173 Lifecycle/Renewal Light FixtureͲExterior Building 1 20 19 6 649.8 3898.8 Checkout Restrooms 7181015 Exterior Door Steel, Standard Replace Building Exterior Excellent 34.137940 Ͳ117.861087 https://www.google.com/maps?q=+34.137940,Ͳ117.861087 Lifecycle/Renewal Exterior Door Steel 1 40 39 2 649.8 1299.6 Checkout Restrooms 7181013 Wall Finishes Vinyl Replace Throughout building Excellent 34.138006 Ͳ117.861061 https://www.google.com/maps?q=+34.138006,Ͳ117.861061 Lifecycle/Renewal Vinyl Int Wall 1 15 14 1500 2.7075 4061.25 Checkout Restrooms 7181021 Sink/Lavatory Vanity Top, Stainless Steel Replace Restrooms Excellent 34.137970 Ͳ117.861065 https://www.google.com/maps?q=+34.137970,Ͳ117.861065 Lifecycle/Renewal Sink/Lavatory, DropͲIn Style, Stainless Steel, Replace 1 30 29 5 1299.6 6498 Checkout Restrooms 7181014 Exterior Walls any painted surface Prep & Paint Building Exterior Excellent 34.137896 Ͳ117.861229 https://www.google.com/maps?q=+34.137896,Ͳ117.861229 Lifecycle/Renewal Any Painted Exterior Surface 1 10 9 1400 3.249 4548.6 Checkout Restrooms 7181022 Ceiling Finishes any flat surface Prep & Paint Throughout building Excellent 34.138009 Ͳ117.861078 https://www.google.com/maps?q=+34.138009,Ͳ117.861078 Lifecycle/Renewal Any SurfaceͲPaint 1 10 9 1000 2.166 2166 Checkout Restrooms 7181027 Distribution Panel 120/240 V, Residential Style Replace Electrical room Excellent 34.138022 Ͳ117.861084 https://www.google.com/maps?q=+34.138022,Ͳ117.861084 Lifecycle/Renewal Distribution Panel, 120/240 V, Residential Style, 100 AMP, Replace 1 30 29 1 1191.3 1191.3 002203 Checkout Restrooms 7181016 Split System Ductless Single Zone, 1.5 to 2 TON Replace Roof Fair 34.136826 Ͳ117.862753 https://www.google.com/maps?q=+34.136826,Ͳ117.862753 Lifecycle/Renewal Split System, Condensing Unit/Heat Pump, 2 TON, Replace 10 15 5 1 5198.4 5198.4 Lobb Field Restrooms Snack Bar 7181034 Casework Cabinetry, Hardwood Standard Replace Throughout building Fair 34.136823 Ͳ117.862732 https://www.google.com/maps?q=+34.136823,Ͳ117.862732 Lifecycle/Renewal Casework, Cabinetry, Standard, Replace 12 20 8 16 324.9 5198.4 Lobb Field Restrooms Snack Bar 7181031 Wall Finishes any surface Prep & Paint Throughout Fair Lifecycle/Renewal 5 10 5 750 1.6245 1218.375 Lobb Field Restrooms Snack Bar 7200419 Sink/Lavatory Vanity Top, Stainless Steel Replace Restrooms Fair 34.136824 Ͳ117.862624 https://www.google.com/maps?q=+34.136824,Ͳ117.862624 Lifecycle/Renewal Sink/Lavatory, DropͲIn Style, Stainless Steel, Replace 15 30 15 2 1299.6 2599.2 Lobb Field Restrooms Snack Bar 7181042 Roofing Modified Bitumen Replace Roof Fair Lifecycle/Renewal 10 20 10 890 10.83 9638.7 Lobb Field Restrooms Snack Bar 7200416 Electrical System Full System Renovation/Upgrade, Low Density/Complexity Replace Throughout building Fair 34.136774 Ͳ117.862622 https://www.google.com/maps?q=+34.136774,Ͳ117.862622 Lifecycle/Renewal Electrical System, Full System Renovation/Upgrade, Low Density/Complexity, Replace 20 40 20 890 14.079 12530.31 Lobb Field Restrooms Snack Bar 7181030 Exhaust Fan Roof or WallͲMounted, 16" Damper Replace Roof Fair 34.136909 Ͳ117.862742 https://www.google.com/maps?q=+34.136909,Ͳ117.862742 Lifecycle/Renewal Exhaust Fan, Roof or WallͲMounted, 16" Damper, 1001 to 2000 CFM, Replace 10 20 10 1 2599.2 2599.2 Lobb Field Restrooms Snack Bar 7181043 Irrigation System Drip System Replace/Install Site Fair 34.137949 Ͳ117.861072 https://www.google.com/maps?q=+34.137949,Ͳ117.861072 Lifecycle/Renewal Irrigation System, Drip System, Replace/Install 10 20 10 100000 3.249 324900 000121 Checkout Restrooms 7181019 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.137833 Ͳ117.861628 https://www.google.com/maps?q=+34.137833,Ͳ117.861628 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 12 25 13 30 129.96 3898.8 000579 Finkbiner Park Facilities 7181237 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137350 Ͳ117.861418 https://www.google.com/maps?q=+34.137350,Ͳ117.861418 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002133 Finkbiner Park Facilities 7181357 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.136756 Ͳ117.862559 https://www.google.com/maps?q=+34.136756,Ͳ117.862559 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 12 25 13 30 129.96 3898.8 000143 Finkbiner Park Facilities 7181226 Picnic Table Precast Concrete Replace Site Fair 34.138110 Ͳ117.860322 https://www.google.com/maps?q=+34.138110,Ͳ117.860322 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002024 Finkbiner Park Facilities 7181368Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.137253 Ͳ117.859741 https://www.google.com/maps?q=+34.137253,Ͳ117.859741 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002057 Finkbiner Park Facilities 7181391 Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.138436 Ͳ117.859937 https://www.google.com/maps?q=+34.138436,Ͳ117.859937 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002001 Finkbiner Park Facilities 7181328Drinking Fountain Exterior/Site, Precast Pedestal Replace Lobb Field Fair 34.137346 Ͳ117.862789 https://www.google.com/maps?q=+34.137346,Ͳ117.862789 Lifecycle/Renewal Drinking Fountain, Exterior/Site, Precast Pedestal, Replace 7 15 8 1 3898.8 3898.8 000554 Finkbiner Park Facilities 7181360 Shed/Gazebo/Shade Structure Wood or MetalͲFramed, Basic/Minimal Replace Site Fair 34.137992 Ͳ117.860224 https://www.google.com/maps?q=+34.137992,Ͳ117.860224 Lifecycle/Renewal Shed/Gazebo/Shade Structure, Wood or MetalͲFramed, Basic/Minimal, Replace 12 30 18 3800 27.075 102885 002059 Finkbiner Park Facilities 7181313 Fences & Gates Fence, Chain Link 6' Replace Lobb Field Fair 34.137387 Ͳ117.861521 https://www.google.com/maps?q=+34.137387,Ͳ117.861521 Lifecycle/Renewal Fences & Gates, Fence, Chain Link 6', Replace 20 40 20 1300 22.743 29565.9 Finkbiner Park Facilities 7181260 Picnic Table Precast Concrete Replace Site Fair 34.138059 Ͳ117.860402 https://www.google.com/maps?q=+34.138059,Ͳ117.860402 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002091 Finkbiner Park Facilities 7181304 Park Bench Metal PowderͲCoated Replace Site Fair 34.137264 Ͳ117.860413 https://www.google.com/maps?q=+34.137264,Ͳ117.860413 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 893H8E Finkbiner Park Facilities 7181230 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.137808 Ͳ117.861689 https://www.google.com/maps?q=+34.137808,Ͳ117.861689 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 12 25 13 30 129.96 3898.8 000582 Finkbiner Park Facilities 7181356 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.137177 Ͳ117.861499 https://www.google.com/maps?q=+34.137177,Ͳ117.861499 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 002066 Finkbiner Park Facilities 7181290Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.138387 Ͳ117.859946 https://www.google.com/maps?q=+34.138387,Ͳ117.859946 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002051 Finkbiner Park Facilities 7181310 Picnic Table Precast Concrete Replace Site A Fair 34.137716 Ͳ117.860879 https://www.google.com/maps?q=+34.137716,Ͳ117.860879 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 000561 Finkbiner Park Facilities 7181315 Trash Receptacle MediumͲDuty Metal or Precast Replace Lobb Field Fair 34.136918 Ͳ117.862738 https://www.google.com/maps?q=+34.136918,Ͳ117.862738 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 12 20 8 1 758.1 758.1 000598 Finkbiner Park Facilities 7181200 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Volleyball Court Fair 34.137290 Ͳ117.860613 https://www.google.com/maps?q=+34.137290,Ͳ117.860613 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 7364.4 7364.4 000025 Finkbiner Park Facilities 7181218 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.137905 Ͳ117.862367 https://www.google.com/maps?q=+34.137905,Ͳ117.862367 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 12 25 13 30 129.96 3898.8 000129 Finkbiner Park Facilities 7181246 Picnic Table Precast Concrete Replace Site Fair 34.138081 Ͳ117.860326 https://www.google.com/maps?q=+34.138081,Ͳ117.860326 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002090 Finkbiner Park Facilities 7181377Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.136939 Ͳ117.862752 https://www.google.com/maps?q=+34.136939,Ͳ117.862752 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 17 25 8 30 129.96 3898.8 000597 Finkbiner Park Facilities 7181263Trash Receptacle MediumͲDuty Metal or Precast Replace Lobb Field Fair 34.137665 Ͳ117.862797 https://www.google.com/maps?q=+34.137665,Ͳ117.862797 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 002010 Finkbiner Park Facilities 7181201 Park Bench Wood/Composite/Fiberglass Replace Site Fair 34.137490 Ͳ117.859558 https://www.google.com/maps?q=+34.137490,Ͳ117.859558 Lifecycle/Renewal Park Bench, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002005 American Legion Hall 7180963 Exterior Door Steel, Standard Replace Building Exterior Fair 34.137360 Ͳ117.859780 https://www.google.com/maps?q=+34.137360,Ͳ117.859780 Lifecycle/Renewal Exterior Door Steel 20 40 20 4 649.8 2599.2 American Legion Hall 7180971 Water Heater Gas, Residential, 30 to 50 GAL Replace Basement Fair 34.137502 Ͳ117.859621 https://www.google.com/maps?q=+34.137502,Ͳ117.859621 Lifecycle/Renewal Water Heater, Electric, Residential, 30 to 52 GAL, Replace 12 15 3 1 1407.9 1407.9 002129 American Legion Hall 7180956 Toilet Commercial Water Closet Replace Restrooms Fair 34.137482 Ͳ117.859668 https://www.google.com/maps?q=+34.137482,Ͳ117.859668 Lifecycle/Renewal Toilet, Commercial Water Closet, Replace 15 30 15 6 1407.9 8447.4 American Legion Hall 7180984 Roofing Asphalt Shingle, 20ͲYear Standard Replace Roof Fair 34.137522 Ͳ117.859606 https://www.google.com/maps?q=+34.137522,Ͳ117.859606 Lifecycle/Renewal Asphalt Shingle Roof 10 20 10 7510 4.1154 30906.654 American Legion Hall 7180972 Foodservice Equipment Exhaust Hood, 8 to 10 LF Replace Kitchen Fair 34.137411 Ͳ117.859745 https://www.google.com/maps?q=+34.137411,Ͳ117.859745 Lifecycle/Renewal Exhaust HoodͲKitchen 7 15 8 1 4873.5 4873.5 002067 American Legion Hall 7180949 Suspended Ceilings Acoustical Tile (ACT) Replace Throughout building Fair 34.137524 Ͳ117.859778 https://www.google.com/maps?q=+34.137524,Ͳ117.859778 Lifecycle/Renewal Suspended ACT 12 25 13 8523 3.7905 32306.4315 American Legion Hall 7180991 Foodservice Equipment Griddle Replace Kitchen Fair 34.137529 Ͳ117.859775 https://www.google.com/maps?q=+34.137529,Ͳ117.859775 Lifecycle/Renewal Griddle 7 15 8 1 7581 7581 002043 American Legion Hall 7180983 Park Bench Wood/Composite/Fiberglass Replace Site Fair 34.137532 Ͳ117.859555 https://www.google.com/maps?q=+34.137532,Ͳ117.859555 Lifecycle/Renewal Park Bench, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002023 American Legion Hall 7180954 Split System Condensing Unit/Heat Pump Replace Roof Fair 34.137691 Ͳ117.859878 https://www.google.com/maps?q=+34.137691,Ͳ117.859878 Lifecycle/Renewal Split System, Condensing Unit/Heat Pump, 3 TON, Replace 7 15 8 1 4332 4332 American Legion Hall 7180955 HVAC System Ductwork, Medium Density Replace Throughout building Fair 34.137433 Ͳ117.859761 https://www.google.com/maps?q=+34.137433,Ͳ117.859761 Lifecycle/Renewal HVAC System, Ductwork, Medium Density, Replace 15 30 15 9523 4.332 41253.636 American Legion Hall 7180986 Window VinylͲClad DoubleͲGlazed, 16Ͳ25 SF Replace Building Exterior Fair 34.137391 Ͳ117.859630 https://www.google.com/maps?q=+34.137391,Ͳ117.859630 Lifecycle/Renewal Vinyl Window (16Ͳ25 SF) 15 30 15 2 974.7 1949.4 American Legion Hall 7180987 Shed/Gazebo/Shade Structure Wood or MetalͲFramed, Basic/Minimal Replace Building exterior Fair 34.137543 Ͳ117.859897 https://www.google.com/maps?q=+34.137543,Ͳ117.859897 Lifecycle/Renewal Shed/Gazebo/Shade Structure, Wood or MetalͲFramed, Basic/Minimal, Replace 15 30 15 300 27.075 8122.5 002065 American Legion Hall 7180943 Exhaust Fan Roof or WallͲMounted, 16" Damper Replace Roof Fair 34.137430 Ͳ117.859830 https://www.google.com/maps?q=+34.137430,Ͳ117.859830 Lifecycle/Renewal Exhaust Fan, Roof or WallͲMounted, 16" Damper, 1001 to 2000 CFM, Replace 10 20 10 1 2599.2 2599.2 American Legion Hall 7180981 Flooring Wood, Strip Replace Main Hall Fair 34.137579 Ͳ117.859796 https://www.google.com/maps?q=+34.137579,Ͳ117.859796 Lifecycle/Renewal Wood Floor 15 30 15 2000 16.245 32490 American Legion Hall 7180950 Interior Door Wood, SolidͲCore Replace Throughout building Fair 34.137395 Ͳ117.859762 https://www.google.com/maps?q=+34.137395,Ͳ117.859762 Lifecycle/Renewal Interior Door Wood 20 40 20 16 758.1 12129.6 American Legion Hall 7180976 Urinal Standard Replace Restrooms Fair 34.137547 Ͳ117.859604 https://www.google.com/maps?q=+34.137547,Ͳ117.859604 Lifecycle/Renewal Urinal 15 30 15 1 1191.3 1191.3 American Legion Hall 7180948 Park Bench Wood/Composite/Fiberglass Replace Site Fair 34.137470 Ͳ117.859417 https://www.google.com/maps?q=+34.137470,Ͳ117.859417 Lifecycle/Renewal Park Bench, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 American Legion Hall 7180975Foodservice Equipment Refrigerator, 2ͲDoor ReachͲIn Replace Kitchen Fair 34.137516 Ͳ117.859775 https://www.google.com/maps?q=+34.137516,Ͳ117.859775 Lifecycle/Renewal Foodservice Equipment, Refrigerator, 2ͲDoor ReachͲIn, Replace 7 15 8 1 4981.8 4981.8 002045 American Legion Hall 7180990 Flooring Vinyl Sheeting Replace Kitchen Fair 34.137498 Ͳ117.859736 https://www.google.com/maps?q=+34.137498,Ͳ117.859736 Lifecycle/Renewal Vinyl Sheeting 7 15 8 800 7.581 6064.8 American Legion Hall 7180940 Wall Finishes any surface Prep & Paint Throughout building Fair 34.137476 Ͳ117.859847 https://www.google.com/maps?q=+34.137476,Ͳ117.859847 Lifecycle/Renewal Any Interior Wall SurfaceͲPaint 5 10 5 10865 1.6245 17650.1925 American Legion Hall 7180995 Split System Condensing Unit/Heat Pump Replace Roof Fair 34.137680 Ͳ117.859877 https://www.google.com/maps?q=+34.137680,Ͳ117.859877 Lifecycle/Renewal Split System, Condensing Unit/Heat Pump, 5 TON, Replace 7 15 8 1 7689.3 7689.3 American Legion Hall 7180959 Ceiling Finishes any flat surface Prep & Paint Throughout building Fair 34.137486 Ͳ117.859794 https://www.google.com/maps?q=+34.137486,Ͳ117.859794 Lifecycle/Renewal Any SurfaceͲPaint 5 10 5 1000 2.166 2166 American Legion Hall 7180978 Window Aluminum DoubleͲGlazed, 16Ͳ25 SF Replace Building Exterior Fair 34.137577 Ͳ117.859826 https://www.google.com/maps?q=+34.137577,Ͳ117.859826 Lifecycle/Renewal Window, Aluminum DoubleͲGlazed, 16Ͳ25 SF, Replace 15 30 15 2 1028.85 2057.7 American Legion Hall 7180988 Flagpole Metal Replace Site Fair 34.137518 Ͳ117.859483 https://www.google.com/maps?q=+34.137518,Ͳ117.859483 Lifecycle/Renewal Flagpole, Metal, Replace 15 30 15 1 2707.5 2707.5 000568 American Legion Hall 7180968 Electrical System Full System Renovation/Upgrade, Medium Density/Complexity Replace Throughout Fair 34.13754150028246 Ͳ117.859668 https://www.google.com/maps?q=34.13754150028246,Ͳ117.859668 Lifecycle/Renewal 20 40 20 9523 19.494 185641.362 American Legion Hall 7200409 Plumbing System Supply & Sanitary, Medium Density (excludes fixtures) Replace Throughout building Fair 34.137436 Ͳ117.859603 https://www.google.com/maps?q=+34.137436,Ͳ117.859603 Lifecycle/Renewal Plumbing System, Supply & Sanitary, Medium Density (excludes fixtures), Replace 20 40 20 9523 11.913 113447.499 American Legion Hall 7180996 Wall Finishes Wallpaper Replace Basement Fair 34.137431 Ͳ117.859720 https://www.google.com/maps?q=+34.137431,Ͳ117.859720 Lifecycle/Renewal Wallpaper 7 15 8 2520 2.3826 6004.152 American Legion Hall 7180974 Healthcare Equipment Defibrillator (AED), CabinetͲMounted Replace Kitchen Fair 34.137534 Ͳ117.859804 https://www.google.com/maps?q=+34.137534,Ͳ117.859804 Lifecycle/Renewal Healthcare Equipment, Defibrillator (AED), CabinetͲMounted, Replace 5 10 5 1 1624.5 1624.5 American Legion Hall 7180960 Packaged Unit RTU, Pad or RoofͲMounted Replace Roof Fair 34.137389 Ͳ117.859849 https://www.google.com/maps?q=+34.137389,Ͳ117.859849 Lifecycle/Renewal Packaged Unit, RTU, Pad or RoofͲMounted, 5 TON, Replace 12 20 8 1 11913 11913 American Legion Hall 7180958 Flooring Vinyl Sheeting Replace Throughout building Fair 34.137497 Ͳ117.859863 https://www.google.com/maps?q=+34.137497,Ͳ117.859863 Lifecycle/Renewal Vinyl Sheeting 7 15 8 2910 7.581 22060.71 American Legion Hall 7180967 Exterior Fixture w/ Lamp any type, w/ LED Replacement Replace Building exterior Fair 34.137341 Ͳ117.859919 https://www.google.com/maps?q=+34.137341,Ͳ117.859919 Lifecycle/Renewal Light FixtureͲExterior Building 10 20 10 3 649.8 1949.4 American Legion Hall 7180977 Exterior Door AluminumͲFramed & Glazed, Standard Swing Replace Building Exterior Fair 34.137566 Ͳ117.859814 https://www.google.com/maps?q=+34.137566,Ͳ117.859814 Lifecycle/Renewal Exterior Door Aluminum FullyͲGlazed 15 30 15 4 1407.9 5631.6 American Legion Hall 7180965 Flooring Vinyl Tile (VCT) Replace Storage Fair 34.137578 Ͳ117.859735 https://www.google.com/maps?q=+34.137578,Ͳ117.859735 Lifecycle/Renewal Vinyl TileͲVCT 7 15 8 200 5.415 1083 American Legion Hall 7180992 Flooring Ceramic Tile Replace Restrooms Fair 34.137525 Ͳ117.859654 https://www.google.com/maps?q=+34.137525,Ͳ117.859654 Lifecycle/Renewal Ceramic Tile Floor 20 40 20 600 19.494 11696.4 American Legion Hall 7180945 Interior Lighting System Full Upgrade, Medium Density & Standard Fixtures Replace Throughout Fair 34.13754150028246 Ͳ117.859668 https://www.google.com/maps?q=34.13754150028246,Ͳ117.859668 Lifecycle/Renewal 10 20 10 9523 4.8735 46410.3405 American Legion Hall 7200408 Flooring Carpet, Commercial Standard Replace Throughout building Fair 34.137534 Ͳ117.859746 https://www.google.com/maps?q=+34.137534,Ͳ117.859746 Lifecycle/Renewal Carpet 5 10 5 1000 8.1225 8122.5 American Legion Hall 7180979 Exterior Walls any painted surface Prep & Paint Building Exterior Fair 34.137760 Ͳ117.859524 https://www.google.com/maps?q=+34.137760,Ͳ117.859524 Lifecycle/Renewal Any Painted Exterior Surface 5 10 5 5775 3.249 18762.975 American Legion Hall 7180966 Switchboard 120/208 V Replace Building exterior Fair 34.137551 Ͳ117.859758 https://www.google.com/maps?q=+34.137551,Ͳ117.859758 Lifecycle/Renewal Switchboard, 120/208 V, 400 AMP, Replace 20 40 20 1 43320 43320 002006 American Legion Hall 7180944 Split System Condensing Unit/Heat Pump Replace Roof Fair 34.137363 Ͳ117.859807 https://www.google.com/maps?q=+34.137363,Ͳ117.859807 Lifecycle/Renewal Split System, Condensing Unit/Heat Pump, 3 TON, Replace 10 15 5 1 4332 4332 American Legion Hall 7180969 Sink/Lavatory WallͲHung, Enameled Steel Replace Restrooms Fair 34.137525 Ͳ117.859594 https://www.google.com/maps?q=+34.137525,Ͳ117.859594 Lifecycle/Renewal Sink/Lavatory, WallͲHung, Enameled Steel, Replace 15 30 15 5 1841.1 9205.5 American Legion Hall 7180961 Split System Condensing Unit/Heat Pump Replace Building exterior Fair 34.137584 Ͳ117.859551 https://www.google.com/maps?q=+34.137584,Ͳ117.859551 Lifecycle/Renewal Split System, Condensing Unit/Heat Pump, 5 TON, Replace 8 15 7 1 7689.3 7689.3 000116 American Legion Hall 7180970 Split System Condensing Unit/Heat Pump Replace Roof Fair 34.137752 Ͳ117.859806 https://www.google.com/maps?q=+34.137752,Ͳ117.859806 Lifecycle/Renewal Split System, Condensing Unit/Heat Pump, 2 TON, Replace 7 15 8 1 3682.2 3682.2 American Legion Hall 7180993Sink/Lavatory Commercial Kitchen, 3ͲBowl Replace Kitchen Fair 34.137525 Ͳ117.859746 https://www.google.com/maps?q=+34.137525,Ͳ117.859746 Lifecycle/Renewal Sink/Lavatory, Commercial Kitchen, 3ͲBowl, Replace 15 30 15 1 2707.5 2707.5 American Legion Hall 7180964 Trash Receptacle MediumͲDuty Metal or Precast Replace Site Fair 34.137472 Ͳ117.859471 https://www.google.com/maps?q=+34.137472,Ͳ117.859471 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 000099 American Legion Hall 7180980 Window Wood, 16Ͳ25 SF Replace Building Exterior Fair 34.137358 Ͳ117.859789 https://www.google.com/maps?q=+34.137358,Ͳ117.859789 Lifecycle/Renewal Wood Window (16Ͳ25 SF) 15 30 15 11 1299.6 14295.6 American Legion Hall 7180982 Fire Suppression System Commercial Kitchen, per LF of Hood Replace Kitchen Fair 34.137323 Ͳ117.859889 https://www.google.com/maps?q=+34.137323,Ͳ117.859889 Lifecycle/Renewal Kitchen Supression System 10 20 10 6 433.2 2599.2 002044 American Legion Hall 7180941 Flooring Vinyl Tile (VCT) Replace Basement Fair 34.137605 Ͳ117.859702 https://www.google.com/maps?q=+34.137605,Ͳ117.859702 Lifecycle/Renewal Vinyl TileͲVCT 7 15 8 2013 5.415 10900.395 American Legion Hall 7180942 Furnace Gas Replace Basement Fair 34.137489 Ͳ117.859564 https://www.google.com/maps?q=+34.137489,Ͳ117.859564 Lifecycle/Renewal Furnace, Gas, 51 to 100 MBH, Replace 8 20 12 1 4548.6 4548.6 000018 American Legion Hall 7180953 Wall Finishes Ceramic Tile Replace Restrooms Fair 34.137548 Ͳ117.859648 https://www.google.com/maps?q=+34.137548,Ͳ117.859648 Lifecycle/Renewal Wall Finishes, Ceramic Tile, Replace 20 40 20 900 19.494 17544.6 American Legion Hall 7180998 Drinking Fountain WallͲMounted, BiͲLevel Replace Throughout building Fair 34.137409 Ͳ117.859734 https://www.google.com/maps?q=+34.137409,Ͳ117.859734 Lifecycle/Renewal Drinking Fountain, WallͲMounted, BiͲLevel, Replace 7 15 8 2 1624.5 3249 American Legion Hall 7180947 Picnic Table Precast Concrete Replace Site Fair 34.138039 Ͳ117.860437 https://www.google.com/maps?q=+34.138039,Ͳ117.860437 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002092 Finkbiner Park Facilities 7181378 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137404 Ͳ117.861522 https://www.google.com/maps?q=+34.137404,Ͳ117.861522 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002135 Finkbiner Park Facilities 7181207 Signage Property, Monument Replace/Install Site Fair 34.137887 Ͳ117.859478 https://www.google.com/maps?q=+34.137887,Ͳ117.859478 Lifecycle/Renewal Signage, Property, Monument, Replace/Install 5 20 15 1 3249 3249 002107 Finkbiner Park Facilities 7181277 Park Bench Metal PowderͲCoated Replace Site Fair 34.137450 Ͳ117.859971 https://www.google.com/maps?q=+34.137450,Ͳ117.859971 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002058 Finkbiner Park Facilities 7181250 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.136783 Ͳ117.862386 https://www.google.com/maps?q=+34.136783,Ͳ117.862386 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002018 Finkbiner Park Facilities 7181348Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.137216 Ͳ117.859768 https://www.google.com/maps?q=+34.137216,Ͳ117.859768 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002055 Finkbiner Park Facilities 7181309 Picnic Table Precast Concrete Replace Site Fair 34.138154 Ͳ117.860304 https://www.google.com/maps?q=+34.138154,Ͳ117.860304 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002027 Finkbiner Park Facilities 7181229 Picnic Table Wood/Composite/Fiberglass Replace Bandshell Fair 34.138437 Ͳ117.860271 https://www.google.com/maps?q=+34.138437,Ͳ117.860271 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000628 Finkbiner Park Facilities 7181282 Athletic Surfaces & Courts Basketball/General, Asphalt Pavement Replace Basketball Court Fair 34.137626 Ͳ117.861431 https://www.google.com/maps?q=+34.137626,Ͳ117.861431 Lifecycle/Renewal Athletic Surfaces & Courts, Basketball/General, Asphalt Pavement, Replace 12 25 13 3500 7.0395 24638.25 Finkbiner Park Facilities 7181394 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.137837 Ͳ117.861893 https://www.google.com/maps?q=+34.137837,Ͳ117.861893 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 Finkbiner Park Facilities 7181347 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138802 Ͳ117.859853 https://www.google.com/maps?q=+34.138802,Ͳ117.859853 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002199 Finkbiner Park Facilities 7181322 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.136907 Ͳ117.862745 https://www.google.com/maps?q=+34.136907,Ͳ117.862745 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 17 25 8 30 129.96 3898.8 000596 Finkbiner Park Facilities 7181211 Trash Receptacle MediumͲDuty Metal or Precast Replace Site C Fair 34.138795 Ͳ117.859907 https://www.google.com/maps?q=+34.138795,Ͳ117.859907 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 12 20 8 1 758.1 758.1 002201 Finkbiner Park Facilities 7181234 Trash Receptacle MediumͲDuty Metal or Precast Replace Site Fair 34.137291 Ͳ117.859681 https://www.google.com/maps?q=+34.137291,Ͳ117.859681 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 002049 Finkbiner Park Facilities 7181270Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.137178 Ͳ117.859571 https://www.google.com/maps?q=+34.137178,Ͳ117.859571 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002042 Finkbiner Park Facilities 7181291 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138935 Ͳ117.860157 https://www.google.com/maps?q=+34.138935,Ͳ117.860157 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002127 Finkbiner Park Facilities 7181367Trash Receptacle MediumͲDuty Metal or Precast Replace Lobb Field Fair 34.137036 Ͳ117.862702 https://www.google.com/maps?q=+34.137036,Ͳ117.862702 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 000573 Finkbiner Park Facilities 7181259 Trash Receptacle MediumͲDuty Metal or Precast Replace Lobb Field Fair 34.136843 Ͳ117.862312 https://www.google.com/maps?q=+34.136843,Ͳ117.862312 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 002139 Finkbiner Park Facilities 7181239Pole Light Fixture w/ Lamps any type 20' High, w/ LED Replacement Replace/Install Site C Fair 34.138783 Ͳ117.860259 https://www.google.com/maps?q=+34.138783,Ͳ117.860259 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 20' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 4332 4332 002128 Finkbiner Park Facilities 7181202 Picnic Table Precast Concrete Replace Site Fair 34.138018 Ͳ117.860351 https://www.google.com/maps?q=+34.138018,Ͳ117.860351 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002029 Finkbiner Park Facilities 7181373 Toilet Commercial Water Closet Replace Restrooms Fair 34.136785 Ͳ117.862546 https://www.google.com/maps?q=+34.136785,Ͳ117.862546 Lifecycle/Renewal Toilet, Commercial Water Closet, Replace 15 30 15 2 1407.9 2815.8 Lobb Field Restrooms Snack Bar 7181044 Wall Finishes Ceramic Tile Replace Restrooms Fair 34.136797 Ͳ117.862550 https://www.google.com/maps?q=+34.136797,Ͳ117.862550 Lifecycle/Renewal Ceramic Tile Int Wall 20 40 20 150 19.494 2924.1 Lobb Field Restrooms Snack Bar 7181033 Switchboard 120/208 V Replace Electrical room Fair 34.136888 Ͳ117.862623 https://www.google.com/maps?q=+34.136888,Ͳ117.862623 Lifecycle/Renewal Switchboard, 120/208 V, 400 AMP, Replace 20 40 20 1 43320 43320 000061 Lobb Field Restrooms Snack Bar 7181032 Window Steel, 28Ͳ40 SF Replace Building Exterior Fair 34.136773 Ͳ117.862789 https://www.google.com/maps?q=+34.136773,Ͳ117.862789 Lifecycle/Renewal Steel Window (28Ͳ40 SF) 15 30 15 3 2490.9 7472.7 Lobb Field Restrooms Snack Bar 7181040 Sink/Lavatory Vanity Top, Stainless Steel Replace Snack Stand Fair 34.136853 Ͳ117.862639 https://www.google.com/maps?q=+34.136853,Ͳ117.862639 Lifecycle/Renewal Sink/Lavatory, DropͲIn Style, Stainless Steel, Replace 20 30 10 1 1299.6 1299.6 Lobb Field Restrooms Snack Bar 7181038 Exterior Door Steel, Standard Replace Building Exterior Fair 34.136770 Ͳ117.862661 https://www.google.com/maps?q=+34.136770,Ͳ117.862661 Lifecycle/Renewal Exterior Door Steel 20 40 20 4 649.8 2599.2 Lobb Field Restrooms Snack Bar 7181035 Water Heater Electric, Residential Replace Electrical room Fair 34.136869 Ͳ117.862643 https://www.google.com/maps?q=+34.136869,Ͳ117.862643 Lifecycle/Renewal Water Heater, Electric, Residential, 16 to 29 GAL, Replace 12 15 3 1 703.95 703.95 000078 Lobb Field Restrooms Snack Bar 7181036 Flooring Ceramic Tile Replace Restrooms Fair 34.136787 Ͳ117.862559 https://www.google.com/maps?q=+34.136787,Ͳ117.862559 Lifecycle/Renewal Ceramic Tile Floor 20 40 20 100 19.494 1949.4 Lobb Field Restrooms Snack Bar 7181045 1 of 3
Component Description Attributes Action Description Location Description Condition Latitude Longitude GPS Map Link Plan Type Helper Label Effective Age Lifespan RUL Fiscal Year Observed Quantity Unit Cost Total Cost Barcode Comments Public Park Name AssetCALC ID Ceiling Finishes any flat surface Prep & Paint Throughout building Fair 34.136875 Ͳ117.862662 https://www.google.com/maps?q=+34.136875,Ͳ117.862662 Lifecycle/Renewal Any SurfaceͲPaint 5 10 5 890 2.166 1927.74 Lobb Field Restrooms Snack Bar 7181039 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138906 Ͳ117.859862 https://www.google.com/maps?q=+34.138906,Ͳ117.859862 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000087 Finkbiner Park Facilities 7181338 Drinking Fountain Exterior/Site, Precast Pedestal Replace Scout Hut Picnic Area Fair 34.138000 Ͳ117.860205 https://www.google.com/maps?q=+34.138000,Ͳ117.860205 Lifecycle/Renewal Drinking Fountain, Exterior/Site, Precast Pedestal, Replace 7 15 8 1 3898.8 3898.8 002046 Finkbiner Park Facilities 7181265 Picnic Table Wood/Composite/Fiberglass Replace Bandshell Fair 34.138643 Ͳ117.860213 https://www.google.com/maps?q=+34.138643,Ͳ117.860213 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000569 Finkbiner Park Facilities 7181385 Picnic Table Precast Concrete Replace Site Fair 34.138077 Ͳ117.860328 https://www.google.com/maps?q=+34.138077,Ͳ117.860328 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002084 Finkbiner Park Facilities 7181214 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138799 Ͳ117.859831 https://www.google.com/maps?q=+34.138799,Ͳ117.859831 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000085 Finkbiner Park Facilities 7181213 Trash Receptacle HeavyͲDuty Fixed Concrete Replace Lobb Field Fair 34.137634 Ͳ117.861698 https://www.google.com/maps?q=+34.137634,Ͳ117.861698 Lifecycle/Renewal Trash Receptacle, HeavyͲDuty Fixed Concrete, Replace 12 25 13 1 1516.2 1516.2 000590 Finkbiner Park Facilities 7181208 Trash Receptacle HeavyͲDuty Fixed Concrete Replace Site Fair 34.138134 Ͳ117.860336 https://www.google.com/maps?q=+34.138134,Ͳ117.860336 Lifecycle/Renewal Trash Receptacle, HeavyͲDuty Fixed Concrete, Replace 12 25 13 1 1516.2 1516.2 002080 Finkbiner Park Facilities 7181258Picnic Table Precast Concrete Replace Site A Fair 34.137752 Ͳ117.860908 https://www.google.com/maps?q=+34.137752,Ͳ117.860908 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 000560 Finkbiner Park Facilities 7181371 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138818 Ͳ117.859850 https://www.google.com/maps?q=+34.138818,Ͳ117.859850 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002197 Finkbiner Park Facilities 7181281 Trash Receptacle MediumͲDuty Metal or Precast Replace Site C Fair 34.138841 Ͳ117.860100 https://www.google.com/maps?q=+34.138841,Ͳ117.860100 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 002196 Finkbiner Park Facilities 7181254 Sports Apparatus Baseball, Backstop ChainͲLink Replace Lobb Field Fair 34.137167 Ͳ117.861462 https://www.google.com/maps?q=+34.137167,Ͳ117.861462 Lifecycle/Renewal Sports Apparatus, Baseball, Backstop ChainͲLink, Replace 10 20 10 1 5415 5415 000015 Finkbiner Park Facilities 7181329 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.137841 Ͳ117.861684 https://www.google.com/maps?q=+34.137841,Ͳ117.861684 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 12 25 13 30 129.96 3898.8 000578 Finkbiner Park Facilities 7181241 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137841 Ͳ117.861840 https://www.google.com/maps?q=+34.137841,Ͳ117.861840 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002132 Finkbiner Park Facilities 7181300 Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.138341 Ͳ117.859952 https://www.google.com/maps?q=+34.138341,Ͳ117.859952 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000135 Finkbiner Park Facilities 7181271 Playfield Surfaces Sand, 6" Depth Replace Volleyball Court Fair 34.137113 Ͳ117.860563 https://www.google.com/maps?q=+34.137113,Ͳ117.860563 Lifecycle/Renewal Playground Surfaces, Sand, 6" Depth, Replace 10 20 10 3200 1.7328 5544.96 Finkbiner Park Facilities 7181306 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.137545 Ͳ117.862769 https://www.google.com/maps?q=+34.137545,Ͳ117.862769 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 000553 Finkbiner Park Facilities 7181344 Picnic Table Precast Concrete Replace Site Fair 34.138057 Ͳ117.860350 https://www.google.com/maps?q=+34.138057,Ͳ117.860350 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002028 Finkbiner Park Facilities 7181295Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138618 Ͳ117.859901 https://www.google.com/maps?q=+34.138618,Ͳ117.859901 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000076 Finkbiner Park Facilities 7181358 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.137652 Ͳ117.861658 https://www.google.com/maps?q=+34.137652,Ͳ117.861658 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 000591 Finkbiner Park Facilities 7181215 Play Structure Multipurpose, Very Small Replace Site Fair 34.138393 Ͳ117.860420 https://www.google.com/maps?q=+34.138393,Ͳ117.860420 Lifecycle/Renewal Play Structure, Multipurpose, Very Small, Replace 10 20 10 1 6498 6498 002073 Finkbiner Park Facilities 7181333Trash Receptacle MediumͲDuty Metal or Precast Replace Site Fair 34.137222 Ͳ117.859803 https://www.google.com/maps?q=+34.137222,Ͳ117.859803 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 12 20 8 1 758.1 758.1 002054 Finkbiner Park Facilities 7181396 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138880 Ͳ117.859749 https://www.google.com/maps?q=+34.138880,Ͳ117.859749 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002186 Finkbiner Park Facilities 7181384 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138758 Ͳ117.859827 https://www.google.com/maps?q=+34.138758,Ͳ117.859827 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002035 Finkbiner Park Facilities 7181298Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.138197 Ͳ117.860054 https://www.google.com/maps?q=+34.138197,Ͳ117.860054 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002021 Finkbiner Park Facilities 7181233Trash Receptacle HeavyͲDuty Fixed Concrete Replace Site Fair 34.137945 Ͳ117.860292 https://www.google.com/maps?q=+34.137945,Ͳ117.860292 Lifecycle/Renewal Trash Receptacle, HeavyͲDuty Fixed Concrete, Replace 12 25 13 1 1516.2 1516.2 002083 Finkbiner Park Facilities 7181248 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.136909 Ͳ117.861779 https://www.google.com/maps?q=+34.136909,Ͳ117.861779 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 002016 Finkbiner Park Facilities 7181236 Sports Apparatus Baseball, Backstop ChainͲLink Replace Lobb Field Fair 34.137726 Ͳ117.861678 https://www.google.com/maps?q=+34.137726,Ͳ117.861678 Lifecycle/Renewal Sports Apparatus, Baseball, Backstop ChainͲLink, Replace 10 20 10 1 5415 5415 000584 Finkbiner Park Facilities 7181336 Picnic Table Precast Concrete Replace Site A Fair 34.137781 Ͳ117.860934 https://www.google.com/maps?q=+34.137781,Ͳ117.860934 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 000559 Finkbiner Park Facilities 7181269 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Basketball Court Fair 34.137608 Ͳ117.861386 https://www.google.com/maps?q=+34.137608,Ͳ117.861386 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 000586 Finkbiner Park Facilities 7181294Pole Light Fixture w/ Lamps any type 20' High, w/ LED Replacement Replace/Install Bandshell Fair 34.138611 Ͳ117.860227 https://www.google.com/maps?q=+34.138611,Ͳ117.860227 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 20' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 4332 4332 000626 Finkbiner Park Facilities 7181247 Campground Accessories Grill, PedestalͲStyle Replace Site C Fair 34.138760 Ͳ117.859801 https://www.google.com/maps?q=+34.138760,Ͳ117.859801 Lifecycle/Renewal Camping/Picnic Accessories, Grill, PedestalͲStyle, Replace 7 15 8 1 649.8 649.8 002147 Finkbiner Park Facilities 7181257 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.136970 Ͳ117.862723 https://www.google.com/maps?q=+34.136970,Ͳ117.862723 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 000583 Finkbiner Park Facilities 7181264 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.136818 Ͳ117.862369 https://www.google.com/maps?q=+34.136818,Ͳ117.862369 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002019 Finkbiner Park Facilities 7181210 Parking Lots Pavement, Asphalt Mill & Overlay South Parking Lot Fair 34.137007 Ͳ117.860861 https://www.google.com/maps?q=+34.137007,Ͳ117.860861 Lifecycle/Renewal Parking Lots, Pavement, Asphalt, Mill & Overlay 12 25 13 8300 3.7905 31461.15 Finkbiner Park Facilities 7181223 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138869 Ͳ117.859896 https://www.google.com/maps?q=+34.138869,Ͳ117.859896 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002198 Finkbiner Park Facilities 7181365 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.136896 Ͳ117.861899 https://www.google.com/maps?q=+34.136896,Ͳ117.861899 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 000593 Finkbiner Park Facilities 7181203 Campground Accessories Grill, PedestalͲStyle Replace Site Fair 34.138101 Ͳ117.860288 https://www.google.com/maps?q=+34.138101,Ͳ117.860288 Lifecycle/Renewal Camping/Picnic Accessories, Grill, PedestalͲStyle, Replace 5 15 10 1 649.8 649.8 002079 Finkbiner Park Facilities 7181379 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.136791 Ͳ117.862472 https://www.google.com/maps?q=+34.136791,Ͳ117.862472 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 17 25 8 30 129.96 3898.8 002142 Finkbiner Park Facilities 7181311 Trash Receptacle HeavyͲDuty Fixed Concrete Replace Site A Fair 34.137781 Ͳ117.860855 https://www.google.com/maps?q=+34.137781,Ͳ117.860855 Lifecycle/Renewal Trash Receptacle, HeavyͲDuty Fixed Concrete, Replace 12 25 13 1 1516.2 1516.2 000557 Finkbiner Park Facilities 7181395 Drinking Fountain Exterior/Site, Precast Pedestal Replace Lobb Field Fair 34.136835 Ͳ117.862295 https://www.google.com/maps?q=+34.136835,Ͳ117.862295 Lifecycle/Renewal Drinking Fountain, Exterior/Site, Precast Pedestal, Replace 7 15 8 1 3898.8 3898.8 000165 Finkbiner Park Facilities 7181364 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138887 Ͳ117.859794 https://www.google.com/maps?q=+34.138887,Ͳ117.859794 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000260 Finkbiner Park Facilities 7181303 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138753 Ͳ117.859816 https://www.google.com/maps?q=+34.138753,Ͳ117.859816 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000137 Finkbiner Park Facilities 7181205Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137777 Ͳ117.861684 https://www.google.com/maps?q=+34.137777,Ͳ117.861684 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000576 Finkbiner Park Facilities 7181361 Sports Apparatus Basketball, Backboard/Rim/Pole Replace Basketball Court Fair 34.137613 Ͳ117.861456 https://www.google.com/maps?q=+34.137613,Ͳ117.861456 Lifecycle/Renewal Sports Apparatus, Basketball, Backboard/Rim/Pole, Replace 15 25 10 1 10288.5 10288.5 000587 Finkbiner Park Facilities 7181359 Drinking Fountain Exterior/Site, Precast Pedestal Replace Lobb Field Fair 34.137598 Ͳ117.861660 https://www.google.com/maps?q=+34.137598,Ͳ117.861660 Lifecycle/Renewal Drinking Fountain, Exterior/Site, Precast Pedestal, Replace 7 15 8 1 3898.8 3898.8 000589 Finkbiner Park Facilities 7181382 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137904 Ͳ117.862621 https://www.google.com/maps?q=+34.137904,Ͳ117.862621 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000515 Finkbiner Park Facilities 7181245 Picnic Table Wood/Composite/Fiberglass Replace Site B Fair 34.137607 Ͳ117.860666 https://www.google.com/maps?q=+34.137607,Ͳ117.860666 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000038 Finkbiner Park Facilities 7181312 Signage Property, Monument Replace/Install Site Fair 34.137293 Ͳ117.859647 https://www.google.com/maps?q=+34.137293,Ͳ117.859647 Lifecycle/Renewal Signage, Property, Monument, Replace/Install 5 20 15 1 3249 3249 000567 Finkbiner Park Facilities 7181389 Picnic Table Precast Concrete Replace Site Fair 34.138157 Ͳ117.860383 https://www.google.com/maps?q=+34.138157,Ͳ117.860383 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002089 Finkbiner Park Facilities 7181279Trash Receptacle MediumͲDuty Metal or Precast Replace Site Fair 34.137093 Ͳ117.861198 https://www.google.com/maps?q=+34.137093,Ͳ117.861198 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 002068 Finkbiner Park Facilities 7181362 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137791 Ͳ117.862733 https://www.google.com/maps?q=+34.137791,Ͳ117.862733 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000599 Finkbiner Park Facilities 7181302 Park Bench Metal PowderͲCoated Replace Site Fair 34.137518 Ͳ117.860158 https://www.google.com/maps?q=+34.137518,Ͳ117.860158 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002050 Finkbiner Park Facilities 7181224Trash Receptacle MediumͲDuty Metal or Precast Replace Lobb Field Fair 34.137870 Ͳ117.862499 https://www.google.com/maps?q=+34.137870,Ͳ117.862499 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 002014 Finkbiner Park Facilities 7181219 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138840 Ͳ117.859929 https://www.google.com/maps?q=+34.138840,Ͳ117.859929 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002200 Finkbiner Park Facilities 7181318 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137146 Ͳ117.862755 https://www.google.com/maps?q=+34.137146,Ͳ117.862755 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000571 Finkbiner Park Facilities 7181216 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.137640 Ͳ117.862789 https://www.google.com/maps?q=+34.137640,Ͳ117.862789 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 17 25 8 30 129.96 3898.8 002009 Finkbiner Park Facilities 7181231 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.137879 Ͳ117.862672 https://www.google.com/maps?q=+34.137879,Ͳ117.862672 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 12 25 13 30 129.96 3898.8 002011 Finkbiner Park Facilities 7181374Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137898 Ͳ117.862590 https://www.google.com/maps?q=+34.137898,Ͳ117.862590 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000517 Finkbiner Park Facilities 7181296 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.137861 Ͳ117.862458 https://www.google.com/maps?q=+34.137861,Ͳ117.862458 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 000524 Finkbiner Park Facilities 7181325 Pole Light Fixture w/ Lamps any type 20' High, w/ LED Replacement Replace/Install Site Fair 34.138736 Ͳ117.859698 https://www.google.com/maps?q=+34.138736,Ͳ117.859698 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 20' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 4332 4332 002185 Finkbiner Park Facilities 7181392 Picnic Table Precast Concrete Replace Site Fair 34.138077 Ͳ117.860307 https://www.google.com/maps?q=+34.138077,Ͳ117.860307 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002032 Finkbiner Park Facilities 7181262 Pole Light Fixture w/ Lamps any type 20' High, w/ LED Replacement Replace/Install Site Fair 34.138338 Ͳ117.860343 https://www.google.com/maps?q=+34.138338,Ͳ117.860343 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 20' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 4332 4332 002063 Finkbiner Park Facilities 7181337 Sports Apparatus Baseball, Backstop ChainͲLink Replace Lobb Field Fair 34.136784 Ͳ117.862601 https://www.google.com/maps?q=+34.136784,Ͳ117.862601 Lifecycle/Renewal Sports Apparatus, Baseball, Backstop ChainͲLink, Replace 10 20 10 1 5415 5415 000014 Finkbiner Park Facilities 7181366 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.137795 Ͳ117.862801 https://www.google.com/maps?q=+34.137795,Ͳ117.862801 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 17 25 8 30 129.96 3898.8 002013 Finkbiner Park Facilities 7181240 Picnic Table Wood/Composite/Fiberglass Replace Site B Fair 34.137637 Ͳ117.860676 https://www.google.com/maps?q=+34.137637,Ͳ117.860676 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002160 Finkbiner Park Facilities 7181317 Shed/Gazebo/Shade Structure Wood or MetalͲFramed, Basic/Minimal Replace Lobb Field Fair 34.137142 Ͳ117.861548 https://www.google.com/maps?q=+34.137142,Ͳ117.861548 Lifecycle/Renewal Shed/Gazebo/Shade Structure, Wood or MetalͲFramed, Basic/Minimal, Replace 15 30 15 100 27.075 2707.5 000009 Finkbiner Park Facilities 7181372 Signage Property, Monument Replace/Install Site Fair 34.137122 Ͳ117.859442 https://www.google.com/maps?q=+34.137122,Ͳ117.859442 Lifecycle/Renewal Signage, Property, Monument, Replace/Install 8 20 12 1 3249 3249 002038 Finkbiner Park Facilities 7181324 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137679 Ͳ117.861654 https://www.google.com/maps?q=+34.137679,Ͳ117.861654 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000575 Finkbiner Park Facilities 7181283 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137747 Ͳ117.861750 https://www.google.com/maps?q=+34.137747,Ͳ117.861750 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000030 Finkbiner Park Facilities 7181255Picnic Table Precast Concrete Replace Site Fair 34.138097 Ͳ117.860354 https://www.google.com/maps?q=+34.138097,Ͳ117.860354 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002087 Finkbiner Park Facilities 7181222 Park Bench Metal PowderͲCoated Replace Site Fair 34.137495 Ͳ117.860171 https://www.google.com/maps?q=+34.137495,Ͳ117.860171 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002052 Finkbiner Park Facilities 7181199 Picnic Table Precast Concrete Replace Site Fair 34.138139 Ͳ117.860261 https://www.google.com/maps?q=+34.138139,Ͳ117.860261 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002026 Finkbiner Park Facilities 7181242 Shed/Gazebo/Shade Structure Wood or MetalͲFramed, Basic/Minimal Replace Lobb Field Fair 34.137822 Ͳ117.861706 https://www.google.com/maps?q=+34.137822,Ͳ117.861706 Lifecycle/Renewal Shed/Gazebo/Shade Structure, Wood or MetalͲFramed, Basic/Minimal, Replace 15 30 15 100 27.075 2707.5 000580 Finkbiner Park Facilities 7181334 Picnic Table Precast Concrete Replace Site Fair 34.138104 Ͳ117.860282 https://www.google.com/maps?q=+34.138104,Ͳ117.860282 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002085 Finkbiner Park Facilities 7181243 Trash Receptacle HeavyͲDuty Fixed Concrete Replace Site A Fair 34.137776 Ͳ117.860864 https://www.google.com/maps?q=+34.137776,Ͳ117.860864 Lifecycle/Renewal Trash Receptacle, HeavyͲDuty Fixed Concrete, Replace 12 25 13 1 1516.2 1516.2 000627 Finkbiner Park Facilities 7181350 Pole Light Fixture w/ Lamps any type 20' High, w/ LED Replacement Replace/Install Site C Fair 34.138908 Ͳ117.860123 https://www.google.com/maps?q=+34.138908,Ͳ117.860123 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 20' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 4332 4332 002048 Finkbiner Park Facilities 7181327 Picnic Table Precast Concrete Replace Site Fair 34.138123 Ͳ117.860382 https://www.google.com/maps?q=+34.138123,Ͳ117.860382 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002088 Finkbiner Park Facilities 7181352 Trash Receptacle MediumͲDuty Metal or Precast Replace Lobb Field Fair 34.137877 Ͳ117.861757 https://www.google.com/maps?q=+34.137877,Ͳ117.861757 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 000574 Finkbiner Park Facilities 7181220 Picnic Table Wood/Composite/Fiberglass Replace Site B Fair 34.137660 Ͳ117.860661 https://www.google.com/maps?q=+34.137660,Ͳ117.860661 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002109 Finkbiner Park Facilities 7181285 Picnic Table Wood/Composite/Fiberglass Replace Site B Fair 34.137691 Ͳ117.860565 https://www.google.com/maps?q=+34.137691,Ͳ117.860565 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002176 Finkbiner Park Facilities 7181351Picnic Table Precast Concrete Replace Site Fair 34.138087 Ͳ117.860266 https://www.google.com/maps?q=+34.138087,Ͳ117.860266 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002078 Finkbiner Park Facilities 7181204 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138774 Ͳ117.859878 https://www.google.com/maps?q=+34.138774,Ͳ117.859878 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002108 Finkbiner Park Facilities 7181342 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.137881 Ͳ117.862730 https://www.google.com/maps?q=+34.137881,Ͳ117.862730 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 000098 Finkbiner Park Facilities 7181335 Shed/Gazebo/Shade Structure Wood or MetalͲFramed, Basic/Minimal Replace Lobb Field Fair 34.137908 Ͳ117.862596 https://www.google.com/maps?q=+34.137908,Ͳ117.862596 Lifecycle/Renewal Shed/Gazebo/Shade Structure, Wood or MetalͲFramed, Basic/Minimal, Replace 15 30 15 100 27.075 2707.5 000128 Finkbiner Park Facilities 7181323 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.136817 Ͳ117.862320 https://www.google.com/maps?q=+34.136817,Ͳ117.862320 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002144 Finkbiner Park Facilities 7181346 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.137341 Ͳ117.861475 https://www.google.com/maps?q=+34.137341,Ͳ117.861475 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 002060 Finkbiner Park Facilities 7181198 Campground Accessories Grill, PedestalͲStyle Replace Site A Fair 34.137763 Ͳ117.860868 https://www.google.com/maps?q=+34.137763,Ͳ117.860868 Lifecycle/Renewal Camping/Picnic Accessories, Grill, PedestalͲStyle, Replace 7 15 8 1 649.8 649.8 000558 Finkbiner Park Facilities 7181314 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Basketball Court Fair 34.137600 Ͳ117.861676 https://www.google.com/maps?q=+34.137600,Ͳ117.861676 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 000588 Finkbiner Park Facilities 7181381 Irrigation System Drip System Replace Lobb Field Fair 34.137852 Ͳ117.861698 https://www.google.com/maps?q=+34.137852,Ͳ117.861698 Lifecycle/Renewal Irrigation 10 20 10 115000 3.249 373635 Finkbiner Park Facilities 7181354 Sports Apparatus Tennis/Volleyball, Net w/ Posts & Anchors Replace Volleyball Court Fair 34.137139 Ͳ117.860574 https://www.google.com/maps?q=+34.137139,Ͳ117.860574 Lifecycle/Renewal Sports Apparatus, Tennis/Volleyball, Net w/ Posts & Anchors, Replace 10 20 10 1 1516.2 1516.2 002069 Finkbiner Park Facilities 7181261 Picnic Table Precast Concrete Replace Site Fair 34.138136 Ͳ117.860312 https://www.google.com/maps?q=+34.138136,Ͳ117.860312 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002033 Finkbiner Park Facilities 7181287 Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.137227 Ͳ117.859669 https://www.google.com/maps?q=+34.137227,Ͳ117.859669 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002041 Finkbiner Park Facilities 7181393 Picnic Table Precast Concrete Replace Site A Fair 34.137720 Ͳ117.860863 https://www.google.com/maps?q=+34.137720,Ͳ117.860863 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 000564 Finkbiner Park Facilities 7181353 Trash Receptacle MediumͲDuty Metal or Precast Replace Site C Fair 34.138710 Ͳ117.859747 https://www.google.com/maps?q=+34.138710,Ͳ117.859747 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 000034 Finkbiner Park Facilities 7181345 Park Bench Metal PowderͲCoated Replace Site Fair 34.137282 Ͳ117.860474 https://www.google.com/maps?q=+34.137282,Ͳ117.860474 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002061 Finkbiner Park Facilities 7181376 Sports Apparatus Baseball, Backstop ChainͲLink Replace Lobb Field Fair 34.137865 Ͳ117.862563 https://www.google.com/maps?q=+34.137865,Ͳ117.862563 Lifecycle/Renewal Sports Apparatus, Baseball, Backstop ChainͲLink, Replace 10 20 10 1 5415 5415 000514 Finkbiner Park Facilities 7181273 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Volleyball Court Fair 34.137151 Ͳ117.860550 https://www.google.com/maps?q=+34.137151,Ͳ117.860550 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 7364.4 7364.4 000102 Finkbiner Park Facilities 7181369 Picnic Table Precast Concrete Replace Site Fair 34.138051 Ͳ117.860278 https://www.google.com/maps?q=+34.138051,Ͳ117.860278 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002077 Finkbiner Park Facilities 7181326 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137854 Ͳ117.861815 https://www.google.com/maps?q=+34.137854,Ͳ117.861815 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000131 Finkbiner Park Facilities 7181206 Campground Accessories Grill, PedestalͲStyle Replace Site A Fair 34.137662 Ͳ117.860866 https://www.google.com/maps?q=+34.137662,Ͳ117.860866 Lifecycle/Renewal Camping/Picnic Accessories, Grill, PedestalͲStyle, Replace 10 15 5 1 649.8 649.8 000563 Finkbiner Park Facilities 7181217 Park Bench Metal PowderͲCoated Replace Site Fair 34.137476 Ͳ117.860101 https://www.google.com/maps?q=+34.137476,Ͳ117.860101 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002072 Finkbiner Park Facilities 7181380 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137901 Ͳ117.862579 https://www.google.com/maps?q=+34.137901,Ͳ117.862579 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000518 Finkbiner Park Facilities 7181249Parking Lots Pavement, Asphalt Seal & Stripe South Parking Lot Fair 34.136968 Ͳ117.860752 https://www.google.com/maps?q=+34.136968,Ͳ117.860752 Lifecycle/Renewal Parking Lots, Pavement, Asphalt, Seal & Stripe 3 5 2 8300 0.48735 4045.005 Finkbiner Park Facilities 7181332 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137158 Ͳ117.861583 https://www.google.com/maps?q=+34.137158,Ͳ117.861583 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000507 Finkbiner Park Facilities 7181297 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137151 Ͳ117.861540 https://www.google.com/maps?q=+34.137151,Ͳ117.861540 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000509 Finkbiner Park Facilities 7181209Trash Receptacle HeavyͲDuty Fixed Concrete Replace Site Fair 34.138060 Ͳ117.860418 https://www.google.com/maps?q=+34.138060,Ͳ117.860418 Lifecycle/Renewal Trash Receptacle, HeavyͲDuty Fixed Concrete, Replace 12 25 13 1 1516.2 1516.2 002081 Finkbiner Park Facilities 7181212 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137755 Ͳ117.861672 https://www.google.com/maps?q=+34.137755,Ͳ117.861672 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000577 Finkbiner Park Facilities 7181299 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.137109 Ͳ117.861630 https://www.google.com/maps?q=+34.137109,Ͳ117.861630 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 12 25 13 30 129.96 3898.8 000020 Finkbiner Park Facilities 7181386 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137124 Ͳ117.861558 https://www.google.com/maps?q=+34.137124,Ͳ117.861558 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000508 Finkbiner Park Facilities 7181390 Trash Receptacle HeavyͲDuty Fixed Concrete Replace Site Fair 34.138049 Ͳ117.860258 https://www.google.com/maps?q=+34.138049,Ͳ117.860258 Lifecycle/Renewal Trash Receptacle, HeavyͲDuty Fixed Concrete, Replace 12 25 13 1 1516.2 1516.2 002075 Finkbiner Park Facilities 7181288 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137755 Ͳ117.862727 https://www.google.com/maps?q=+34.137755,Ͳ117.862727 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002015 Finkbiner Park Facilities 7181268 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137735 Ͳ117.862686 https://www.google.com/maps?q=+34.137735,Ͳ117.862686 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000600 Finkbiner Park Facilities 7181232Trash Receptacle MediumͲDuty Metal or Precast Replace Site B Fair 34.137652 Ͳ117.860618 https://www.google.com/maps?q=+34.137652,Ͳ117.860618 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 002175 Finkbiner Park Facilities 7181252 Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.138447 Ͳ117.859934 https://www.google.com/maps?q=+34.138447,Ͳ117.859934 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002102 Finkbiner Park Facilities 7181343 Fences & Gates Fence, Metal Tube 4' Replace Site Fair 34.137102 Ͳ117.861148 https://www.google.com/maps?q=+34.137102,Ͳ117.861148 Lifecycle/Renewal Fences & Gates, Fence, Metal Tube 4', Replace 20 40 20 2600 36.822 95737.2 Finkbiner Park Facilities 7181375 Trash Receptacle HeavyͲDuty Fixed Concrete Replace Site A Fair 34.137782 Ͳ117.860827 https://www.google.com/maps?q=+34.137782,Ͳ117.860827 Lifecycle/Renewal Trash Receptacle, HeavyͲDuty Fixed Concrete, Replace 12 25 13 1 1516.2 1516.2 000556 Finkbiner Park Facilities 7181387 Pole Light Fixture w/ Lamps any type 20' High, w/ LED Replacement Replace/Install Site Fair 34.138347 Ͳ117.860008 https://www.google.com/maps?q=+34.138347,Ͳ117.860008 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 20' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 4332 4332 000023 Finkbiner Park Facilities 7181307 Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.137193 Ͳ117.862741 https://www.google.com/maps?q=+34.137193,Ͳ117.862741 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 Finkbiner Park Facilities 7181320 Shed/Gazebo/Shade Structure Wood or MetalͲFramed, Basic/Minimal Replace Lobb Field Fair 34.136819 Ͳ117.862325 https://www.google.com/maps?q=+34.136819,Ͳ117.862325 Lifecycle/Renewal Shed/Gazebo/Shade Structure, Wood or MetalͲFramed, Basic/Minimal, Replace 15 30 15 100 27.075 2707.5 002136 Finkbiner Park Facilities 7181339 Trash Receptacle MediumͲDuty Metal or Precast Replace Site C Fair 34.138733 Ͳ117.859753 https://www.google.com/maps?q=+34.138733,Ͳ117.859753 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 000079 Finkbiner Park Facilities 7181251Pole Light Fixture w/ Lamps any type 30' High, w/ LED Replacement Replace/Install Lobb Field Fair 34.136811 Ͳ117.862429 https://www.google.com/maps?q=+34.136811,Ͳ117.862429 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 30' High, w/ LED Replacement, 1000 W, Replace/Install 10 20 10 1 7581 7581 000594 Finkbiner Park Facilities 7181274 Trash Receptacle MediumͲDuty Metal or Precast Replace Site Fair 34.138719 Ͳ117.859540 https://www.google.com/maps?q=+34.138719,Ͳ117.859540 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 12 20 8 1 758.1 758.1 002115 Finkbiner Park Facilities 7181266 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137370 Ͳ117.861518 https://www.google.com/maps?q=+34.137370,Ͳ117.861518 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 002004 Finkbiner Park Facilities 7181227 Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.138419 Ͳ117.859911 https://www.google.com/maps?q=+34.138419,Ͳ117.859911 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002071 Finkbiner Park Facilities 7181272 Picnic Table Precast Concrete Replace Site Fair 34.138144 Ͳ117.860309 https://www.google.com/maps?q=+34.138144,Ͳ117.860309 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002086 Finkbiner Park Facilities 7181284 Pole Light Fixture w/ Lamps any type 20' High, w/ LED Replacement Replace/Install Site Fair 34.138219 Ͳ117.860047 https://www.google.com/maps?q=+34.138219,Ͳ117.860047 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 20' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 4332 4332 002025 Finkbiner Park Facilities 7181349 Campground Accessories Grill, PedestalͲStyle Replace Site B Fair 34.137671 Ͳ117.860642 https://www.google.com/maps?q=+34.137671,Ͳ117.860642 Lifecycle/Renewal Camping/Picnic Accessories, Grill, PedestalͲStyle, Replace 7 15 8 1 649.8 649.8 002157 Finkbiner Park Facilities 7181228 Shed/Gazebo/Shade Structure Wood or MetalͲFramed, Basic/Minimal Replace Lobb Field Fair 34.137366 Ͳ117.861505 https://www.google.com/maps?q=+34.137366,Ͳ117.861505 Lifecycle/Renewal Shed/Gazebo/Shade Structure, Wood or MetalͲFramed, Basic/Minimal, Replace 15 30 15 100 27.075 2707.5 002134 Finkbiner Park Facilities 7181308 Shed/Gazebo/Shade Structure Wood or MetalͲFramed, Basic/Minimal Replace Lobb Field Fair 34.137769 Ͳ117.862742 https://www.google.com/maps?q=+34.137769,Ͳ117.862742 Lifecycle/Renewal Shed/Gazebo/Shade Structure, Wood or MetalͲFramed, Basic/Minimal, Replace 15 30 15 100 27.075 2707.5 002012 Finkbiner Park Facilities 7181276Drinking Fountain Exterior/Site, Precast Pedestal Replace Site B Fair 34.137423 Ͳ117.860705 https://www.google.com/maps?q=+34.137423,Ͳ117.860705 Lifecycle/Renewal Drinking Fountain, Exterior/Site, Precast Pedestal, Replace 7 15 8 1 3898.8 3898.8 002180 Finkbiner Park Facilities 7181383 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138700 Ͳ117.859671 https://www.google.com/maps?q=+34.138700,Ͳ117.859671 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002036 Finkbiner Park Facilities 7181286 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138760 Ͳ117.859799 https://www.google.com/maps?q=+34.138760,Ͳ117.859799 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000132 Finkbiner Park Facilities 7181244Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137134 Ͳ117.862721 https://www.google.com/maps?q=+34.137134,Ͳ117.862721 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000555 Finkbiner Park Facilities 7181253 Picnic Table Precast Concrete Replace Site A Fair 34.137710 Ͳ117.860834 https://www.google.com/maps?q=+34.137710,Ͳ117.860834 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 000565 Finkbiner Park Facilities 7181292 Trash Receptacle MediumͲDuty Metal or Precast Replace Site C Fair 34.138873 Ͳ117.859908 https://www.google.com/maps?q=+34.138873,Ͳ117.859908 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 002126 Finkbiner Park Facilities 7181388 Park Bench Metal PowderͲCoated Replace Lobb Field Fair 34.137134 Ͳ117.862724 https://www.google.com/maps?q=+34.137134,Ͳ117.862724 Lifecycle/Renewal Park Bench, Metal PowderͲCoated, Replace 10 20 10 1 758.1 758.1 000570 Finkbiner Park Facilities 7181355 Trash Receptacle MediumͲDuty Metal or Precast Replace Bandshell Fair 34.138513 Ͳ117.860254 https://www.google.com/maps?q=+34.138513,Ͳ117.860254 Lifecycle/Renewal Trash Receptacle, MediumͲDuty Metal or Precast, Replace 10 20 10 1 758.1 758.1 002140 Finkbiner Park Facilities 7181398 Picnic Table Precast Concrete Replace Site Fair 34.138055 Ͳ117.860333 https://www.google.com/maps?q=+34.138055,Ͳ117.860333 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002030 Finkbiner Park Facilities 7181363 Picnic Table Wood/Composite/Fiberglass Replace Site C Fair 34.138713 Ͳ117.859853 https://www.google.com/maps?q=+34.138713,Ͳ117.859853 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 000077 Finkbiner Park Facilities 7181221 Bleachers Fixed Steel Frame, Aluminum Benches (per Seat) Replace Lobb Field Fair 34.137295 Ͳ117.861399 https://www.google.com/maps?q=+34.137295,Ͳ117.861399 Lifecycle/Renewal Bleachers, Fixed Steel Frame, Aluminum Benches (per Seat), Replace 12 25 13 30 129.96 3898.8 000592 Finkbiner Park Facilities 7181397 Interior Lighting System Full Upgrade, Low Density & Standard Fixtures Replace Throughout building Fair 34.138456 Ͳ117.860140 https://www.google.com/maps?q=+34.138456,Ͳ117.860140 Lifecycle/Renewal Interior Lighting System, Full Upgrade, Low Density & Standard Fixtures, Replace 10 20 10 1530 2.2743 3479.679 Band Shell with Storage 7181005 Exterior Door Steel, Standard Replace Building Exterior Fair 34.138432 Ͳ117.860149 https://www.google.com/maps?q=+34.138432,Ͳ117.860149 Lifecycle/Renewal Exterior Door Steel 20 40 20 2 649.8 1299.6 Band Shell with Storage 7181011 Distribution Panel 120/240 V Replace Throughout building Fair 34.138464 Ͳ117.860135 https://www.google.com/maps?q=+34.138464,Ͳ117.860135 Lifecycle/Renewal Distribution Panel, 120/240 V, 200 AMP, Replace 22 30 8 1 2707.5 2707.5 000016 Band Shell with Storage 7181004 2 of 3
Component Description Attributes Action Description Location Description Condition Latitude Longitude GPS Map Link Plan Type Helper Label Effective Age Lifespan RUL Fiscal Year Observed Quantity Unit Cost Total Cost Barcode Comments Public Park Name AssetCALC ID Trash Receptacle HeavyͲDuty Fixed Concrete Replace Site Fair 34.137972 Ͳ117.860401 https://www.google.com/maps?q=+34.137972,Ͳ117.860401 Lifecycle/Renewal Trash Receptacle, HeavyͲDuty Fixed Concrete, Replace 12 25 13 1 1516.2 1516.2 002082 Finkbiner Park Facilities 7181330 Picnic Table Precast Concrete Replace Site A Fair 34.137684 Ͳ117.860825 https://www.google.com/maps?q=+34.137684,Ͳ117.860825 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 000562 Finkbiner Park Facilities 7181293 Picnic Table Wood/Composite/Fiberglass Replace Site Fair 34.138361 Ͳ117.859975 https://www.google.com/maps?q=+34.138361,Ͳ117.859975 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002022 Finkbiner Park Facilities 7181280 Campground Accessories Grill, PedestalͲStyle Replace Site Fair 34.138015 Ͳ117.860291 https://www.google.com/maps?q=+34.138015,Ͳ117.860291 Lifecycle/Renewal Camping/Picnic Accessories, Grill, PedestalͲStyle, Replace 5 15 10 1 649.8 649.8 002076 Finkbiner Park Facilities 7181267 Pole Light Fixture w/ Lamps any type 20' High, w/ LED Replacement Replace/Install Site C Fair 34.138892 Ͳ117.859884 https://www.google.com/maps?q=+34.138892,Ͳ117.859884 Lifecycle/Renewal Pole Light Fixture w/ Lamps, any type 20' High, w/ LED Replacement, 400 W, Replace/Install 10 20 10 1 4332 4332 000086 Finkbiner Park Facilities 7181319 Sports Apparatus Basketball, Backboard/Rim/Pole Replace Basketball Court Fair 34.137581 Ͳ117.861672 https://www.google.com/maps?q=+34.137581,Ͳ117.861672 Lifecycle/Renewal Sports Apparatus, Basketball, Backboard/Rim/Pole, Replace 12 25 13 1 10288.5 10288.5 000585 Finkbiner Park Facilities 7181289 Picnic Table Precast Concrete Replace Site Fair 34.138056 Ͳ117.860325 https://www.google.com/maps?q=+34.138056,Ͳ117.860325 Lifecycle/Renewal Picnic Table, Precast Concrete, Replace 12 25 13 1 1299.6 1299.6 002031 Finkbiner Park Facilities 7181225 Interior Lighting System Full Upgrade, Low Density & Standard Fixtures Replace Throughout Fair 34.136853837895366 Ͳ117.86270035706043 https://www.google.com/maps?q=34.136853837895366,Ͳ117.86270035706043 Lifecycle/Renewal 10 20 10 890 2.2743 2024.127 Lobb Field Restrooms Snack Bar 7200412 Picnic Table Wood/Composite/Fiberglass Replace Bandshell Fair 34.138475 Ͳ117.860272 https://www.google.com/maps?q=+34.138475,Ͳ117.860272 Lifecycle/Renewal Picnic Table, Wood/Composite/Fiberglass, Replace 10 20 10 1 649.8 649.8 002007 Finkbiner Park Facilities 7181278 Shed/Gazebo/Shade Structure Wood or MetalͲFramed, Basic/Minimal Replace Lobb Field Fair 34.137866 Ͳ117.861790 https://www.google.com/maps?q=+34.137866,Ͳ117.861790 Lifecycle/Renewal Shed/Gazebo/Shade Structure, Wood or MetalͲFramed, Basic/Minimal, Replace 15 30 15 100 27.075 2707.5 000581 Finkbiner Park Facilities 7181238 Roofing Modified Bitumen Replace Roof Fair 34.138451 Ͳ117.860196 https://www.google.com/maps?q=+34.138451,Ͳ117.860196 Lifecycle/Renewal Modified Bituminous Roof 10 20 10 360 10.83 3898.8 Band Shell with Storage 7181012 Roofing Asphalt Shingle, 20ͲYear Standard Replace Roof Fair 34.138484 Ͳ117.860211 https://www.google.com/maps?q=+34.138484,Ͳ117.860211 Lifecycle/Renewal Asphalt Shingle Roof 10 20 10 1404 4.1154 5778.0216 Band Shell with Storage 7181007 Electrical System Full System Renovation/Upgrade, Low Density/Complexity Replace Throughout building Fair 34.138453 Ͳ117.860137 https://www.google.com/maps?q=+34.138453,Ͳ117.860137 Lifecycle/Renewal Electrical System, Full System Renovation/Upgrade, Low Density/Complexity, Replace 20 40 20 1530 14.079 21540.87 Band Shell with Storage 7181001 Overhead/Dock Door Aluminum, 12'x12' (144 SF) Replace Building Exterior Fair 34.138464 Ͳ117.860179 https://www.google.com/maps?q=+34.138464,Ͳ117.860179 Lifecycle/Renewal Overhead/Dock Door, Aluminum, 12'x12' (144 SF), Replace 15 30 15 1 4765.2 4765.2 Band Shell with Storage 7181006 3 of 3
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[+
(TXLSPHQW,QYHQWRU\
!""
#$!
%
&'
"
"
% ("!)"
!
(%*
"%""%"+
$"
,#
- .-/-0120-0 345678645679%
:;
"%-<='
>
?"
>"
%
@
'
%;
*"
>$"
9%
"%
$
")
AB
(-20'*-1CD211D--<<<0000./
2.-/0<E20-0 34567864567 =":;
"%:10E0 =' E0='
>
?"
>"
%
@
"'&
F"%% $"$
")
AB
(DE01$GE(EE2./E200D002-2<
H8IJK
!""
#$!
%
&'
"
"
% ("!)"
!
(%*
"%""%"+
$"
,#
-.-/0<E11020L7
4M6 =""
($F
>
?"
>"
%
@
"'&
F"%% $""#NG
"
%"
%20-0000-/
2.-/0<EE1010OP
5OQR56
&
@F"?!"
%CSG
>
?"
>"
%
@
"'&
F"%% ;)"
%"
%"
%
1.-/0<E<1010OP
5OQR56
&
@F"?!ECSG
>
?"
>"
%
@
"'&
F"%% ;)"
%"
%"
%
D.-/0<<1010OP
5OQR56
&
@F"?!"
%CSG
>
?"
>"
%
@
"'&
F"%% ;)"
%"
%"
%
E.-/0<.01010OP
5OQR56
&
@F"?!ECSG
>
?"
>"
%
@
"'&
F"%% $!
%
&
)
(">
GDE0=T-0-9-2.0-12D20-000--.-/0<<11010OP
5OQR56
&
@F"?!"
%CSG
>
?"
>"
%
@
"'&
F"%% ;)"
%"
%"
%
..-/-01D1010OP
5OQR56 M56RR*
&%U:-VE2CSG 2CSG
>
?"
>"
%
@
'
%;
*"
>$"
;)"
%"
%"
%
/.-/0<E/10E04MW4
6XY
5;C:?"
;)Z(!DCSG
>
?"
>"
%
@
"'&
F"%% ;)"
%"
%"
%
<.-/0</-100[\]4R5L4
;)
A"%%Z(!:-^ "
"
%(
>
?"
>"
%
@
"'&
F"%% ;)"
%"
%"
%
-0.-/-0D1100[\]4R5L4
;)
A"%%Z(!:-^ "
"
%(
>
?"
>"
%
@ '
%;
*"
>$"
;)"
%"
%"
%
_L
767`56M5
`
!""
#$!
%
&'
"
"
% ("!)"
!
(%*
"%""%"+
$"
,#
-.-/0<D-D0-0L
76OPP76RR
`
OQR56
"%T
B:
' )F
>
?"
>"
%
@
"'&
F"%% T
B!%G""%"G""%"0020DD
a[6M57
M4
!""
#$!
%
&'
"
"
% ("!)"
!
(%*
"%""%"+
$"
,#
-.-/-012E020Ob
5M]
`47X-20@20/cD00(?
>
?"
>"
%
@
'
%;
*"
>$"
9%
"%
=
"%9%
G""%"G""%"0000-
2.-/0<DDE020Ob
5M]
`47X-20@20/cD00(?
>
?"
>"
%
@
"'&
F"%% $!
%
&
U
G""%"G""%"00200
1.-/-00DE020
R57
5
`
4
6-20@2D0c22E(?
>
?"
>"
%
@ $"*B%%d
B*
"& CB
!&B! !
%
&*#%e"
"G""%"G""%"0000-
D.-/-0-E020
R57
5
`
4
6-20@2D0c:;
"%*#%-2E(?
>
?"
>"
%
@ B
>!;
9%
"%
9"G""%"G""%"002201
[f[g
P 6
5
!""
#$!
%
&'
"
"
% ("!)"
!
(%*
"%""%"+
$"
,#
-.-/0<D<9-010L``XR67h
M6[g
P 6
59B"!F:/-0'
>
?"
>"
%
@
"'&
F"%% T
B"
e
*# %%&
%%%&
%0020.
2.-/0</19-010L``XR67h
M6[g
P 6
5 =
%
>
?"
>"
%
@
"'&
F"%% T
B A%)G""%"G""%"0020D11.-/0<<09-010L``XR67h M6[g
P 6
5 ;)
&
"
:2Z
;"
BZ
>
?"
>"
%
@
"'&
F"%% T
BC
!("!)"
!
&CZD<//./<E0020DE
D.-/0<09-0D08645]M476[gP
6 5 )
%%"
i9j:"
Z (!
>
?"
>"
%
@
"'&
F"%% T
B
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[,
(QHUJ\&RQVHUYDWLRQ0HDVXUHV&DOFXODWLRQV
UIC
EAP2-b
Attributes:
Property Type: Commercial Estimated No. of Operational Weeks 52 Number of Occupied Days/Week (Max 7) 5
Number of Occupants Affected By Retrofit 50 Number of Occupants Affected by Retrofit 40 Do You Want To Replace Kitchen Faucets Aerators No (Select) Do You Want To Replace Bathroom Faucets Aerators Yes (Select) Total Number of Faucet Aerators To Be Replaced 0 Total Number of Faucet Aerators To Be Replaced 5 Total Number of Faucets To Be Replaced: 0 Total Number of Faucets To Be Replaced: 0 GPM of Existing Faucet Aerators - GPM GPM of Existing Faucet Aerators 2 GPM GPM of Proposed Faucet Aerator 1 GPM GPM of Proposed Faucet Aerator 0.5 GPM Estimated Number of Uses Per Day 4 Estimated Number of Uses Per Day 0.5 Annual Water Savings From Installing Low Flow Aerators: kGal Select Type of Water Heater Fuel: Natural Gas (Select) Property Location in United States Energy Factor of Domestic Hot Water Heater: 0.56 EF Heating Fuel Tariff $2.24 $/Therm Hot Water Discharge Temperature at Faucet 105.00 °F Water Tariff ($/1000 Gal) $11.18 $/kGal Equivalent Heating Fuel Savings: 3 Therms Annual Cost Savings In Form of Water $8 $ Savings Discounted by 15% to Account For Cold Water Use Annual Water Savings kGal Annual Energy Savings From Water Heater $7 $ Estimated Material Cost $40 Estiamted Labor Cost $38
Estimated Total Annual Cost Savings $16 $$ Estimated Total Installation Cost $78 $$ Simple Payback Period 4.96 Years Type of Recommendation (&0(;3/$1$7,21
6XPPDU\
,QLWLDO,QYHVWPHQW
(VWLPDWHG$QQXDO&RVW6DYLQJV
6LPSOH3D\EDFN3HULRG
<UV
No/Low Cost ECM Recommendation
Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY. %\UHGXFLQJWKHIORZRIZDWHUFRPLQJIURPWKHUHVWURRPIDXFHWVDHUDWRUVFDQJHQHUDWHHQHUJ\VDYLQJVDWORZFRVWDQGZLWKHDV\LQVWDOODWLRQ7KHVDYLQJV JHQHUDWHGZRXOGEHLQWKHIRUPRIUHGXFHGZDWHUDQGVHZHUFRVWVDQGDWWKHVDPHWLPHDHUDWRUVZRXOGVDYHHQHUJ\E\UHGXFLQJWKHGHPDQGIRUKRWZDWHU7KH DYHUDJHIDXFHWKDVDIORZUDWHRIDERXWWR*30$GGLQJDVFUHZLQIDXFHWDHUDWRUUHGXFHVWKHIORZWRWR*30LQWKHEDWKURRPDQG*30LQWKH NLWFKHQ,QDGGLWLRQWRVDYLQJHQHUJ\DQGZDWHUWKH³IRDPLHU´ZDWHUWKDWFRPHVIURPIDXFHWDHUDWRUVZHWVREMHFWVEHWWHUWKDQZDWHUIURPDIDXFHWZLWKQRDHUDWRU ZKLFKWHQGVWRERXQFHRIIWKHREMHFWUDWKHUWKDQWKRURXJKO\ZHWWLQJLW %9UHFRPPHQGVUHSODFLQJWKHSURSRVHGIDXFHWDHUDWRUVZLWKQHZORZIORZDHUDWRUVDVPHQWLRQHGDERYH7KHSURSRVHG(&0VKDOODOVRUHVXOWLQDQDQQXDOHQHUJ\ VDYLQJLQIRUPRIUHGXFWLRQLQZDWHUKHDWLQJELOOV
0.75 WATER & ENERGY SAVING CALCULATION COST SAVING CALCULATION Southern Localities
COST BENEFIT ANALYSIS
Property of BV, All Rights Reserved
Install Low Flow Faucet Aerators
Location: American Legion Hall
KITCHEN FAUCETS BATHROOM FAUCETS
Replace 5x 2GPM rated bathroom aerators with 0.5GPM WaterSense certified aerators Property of BV, All Rights Reserved
UIC
EAL10
Attributes:
No. of ECMs No. of
Fixtures No. of Lamps KWh Saved Energy Cost Saving
O & M
Savings
Upgrade Lighting to LED 12 68 131 7,688 $2,306.30 $193.57 Existing
Technology
SubTechnology No. of ECMs No. of
Fixtures No. of Lamps KWh Saved Energy Cost Saving
O & M
Savings
CFL CFL - 2 Pin 0 0 0 0 $0 $0
CFL CFL - 4 Pin 0 0 0 0 $0 $0
CFL CFL - Screw-in 0 0 0 0 $0 $0
Circiline T9 0 0 0 0 $0 $0
Incan/H/MR H 0 0 0 0 $0 $0
Incan/H/MR Incan 0 0 0 0 $0 $0
Incan/H/MR MR 0 0 0 0 $0 $0
HID HPS 0 0 0 0 $0 $0
HID MH 1 6 6 1,373 $412 $25
HID MV 0 0 0 0 $0 $0
HID QL 0 0 0 0 $0 $0
Linear Fluorescent T8 10 59 59 5,897 $1,769 $167
Linear Fluorescent T12 1 3 3 418 $125 $2
Linear Fluorescent T8 U 0 0 0 0 $0 $0
Linear Fluorescent T12 U 0 0 0 0 $0 $0
Linear Fluorescent T5 0 0 0 0 $0 $0
Linear Fluorescent T6 0 0 0 0 $0 $0
Linear Fluorescent T10 0 0 0 0 $0 $0
Proposed
Controls
No. of
Controls
No. of
Controls
Photo Sensor 0 Ceiling Mounted 2
Wall Mounted 8
Initial Investment Equipment Rentals
Material Cost $4,162.60 Scissor Lift 26' - Interior Spaces 0 $0.00 Labor Cost $1,779.64 Bucket Truck - Exterior Spaces 0 $0.00 Local Electric Rate: $0.30 $/kWh Estimated Annual Energy Savings: 7,688 Estimated Demand Savings: 5
Hourly Labor Rate For Electrician: $72.05 Estimated Annual Energy Cost Savings: $2,306 Budgeted Initial Investment: $5,942 Estimated Annual O&M Cost Savings: $194 Estimated Return on Investment: 2.38 Years Estimated Annual Cost Savings: $2,500 (Including O&M Savings)
ECM Linkup Panel
Type Value Units Type $/Unit Units kBtu Rate Units Heating Fuel Selections Bldg. SqFt Sq.Ft None - 0 - Fuel: 0
HDD Natural Gas Therms 100 $/Therm Fuel Rate: FALSE
CDD Electric $0.30 kWh 3.412 $/kWh Units: FALSE
Heating Hrs Hrs Propane Gallons 91.5 $/Gal kBtu: FALSE
Cooling Hrs Hrs No. 2 Oil Gallons 138.5 $/Gal Rate Units FALSE Elec. Emission kgCO2e/MBTU District Steam Mlbs 1,450 $/Mlbs Labor 1.00 $$ Water kGal $/kGal Capital Cost ECM Recommendation No/Low
Disclaimer: - Cost Savings
Fuel kgCO2e/MBTU Savings MMBTU KgCo2e Trade Labor Rate Natural Gas $0.00 Natural Gas 53.06 0.00 0.00 0.00 HVAC Electric $2,306.30 Electric 0.00 7687.68 26.23 0.00 Plumbing Propane $0.00 Propane 63.07 0.00 0.00 0.00 Electrician $72.05 No.2 Oil $0.00 No.2 Oil 73.15 0.00 0.00 0.00 Glaziers District Steam $0.00 District Steam 78.95 0.00 0.00 0.00 Laborer Water $0.00 MtCO2/Yr 0.00 Total $2,306.30
Output Data:
Title Investment NG Propane No.2 Oil Dist. Steam Electric kW Demand Water O&M Details EUL Green House Attributes Labor Material Upgrade Building Lighting to LED and Insta $5,942.24 0.00 0.00 0.00 0.00 7,688 5.13 0.00 $193.57 or and Exterior 15 0.00 6x) ;Linear Fluo $1,779.64 $4,162.60 GPNA Output
EUL UOM QTY Unit Cost Utility Rate raditional Usa Green Usage Dummy RULmponent CateLine Item Nam Line Item ID 15 EA 131.00 $45.36 0.30 13,653 7450.56 100.00 Unit Interior Lighting (In Unit) CFL 0
Circiline 0
Incan/H/MR 0
HID 6 HID (6x) ;
Linear Fluorescent 62 Linear Fluorescent (62x) ;
Replace HID (6x) ;Linear Fluorescent (62x) ;
Upgrade Building Lighting to LED and Install Automatic Lighting Controls Location: Building Interior and Exterior - Finkbiner Park Facilities Replace HID (6x) ;Linear Fluorescent (62x) ;
Disclaimer: PREPARED BY BUREAU VERITAS (BV). JULY 2021 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY.
Property of BV, All Rights Reserved
Number of Males 20
Number of Females 20
Number of Occupied Days Per Week (Max 7) 5
Number of Occupied Weeks/Year (Max 52) 52
Number of Urinals To Be Retrofitted 0
Number of Water Closets To Be Retrofitted 6
No. of Water Closets With Separate Flush Tank 0
(Typical Residential Type)
Estimated Restroom Usage/Individual/Day 1 (Select)
Default is 4 Uses/Day For Residential/Office
Do you want to make any changes to the Urinals? No
Estimated Existing Use of Urinal/Day/Man 80%
Existing Gallons Per Flush Ratings For Urinal Flushes 0.00 GPF Proposed Urinal
GPF of Proposed Urinal Flush Valve** 0.000 GPF
**(1992 EpACT Energy Act Mandates 1.0GPF Max on Urinals) Tankless Water Closets
Do you want to make any changes to the Water Closets? Yes Existing Gallons Per Flush Ratings For Water Closet Flushes 1.60 GPF Are The Existing Water Closet Being Replaced? No
(If No; Then Only The Flush Valve Would Be Replaced With Dual Flush Retrofit Kit) No. of Tankless Water Closets 6
GPF of Proposed Dual Flush- Water Closet Valve* Solid Waste (20%) 1.60 GPF *(Federal Law Requires All Flushes Not To Exceed 1.6 GPF) Liquid Waste (80%) 0.48 GPF Estimated Annual Water Savings From Male Users 4.66 kGal Estimated Annual Water Savings From Female Users 4.66 kGal Water Savings Calculation
Water Savings By The Use of Low Flow Water Closet Flush Valves/Yr 9.32 kgal Water Savings By The Use of Low Flow Urinal Flush Valves/ Yr 0.00 kgal Total Annual Water Savings in kgal 9.32 kgal
Cost Savings Calculations
Enter Water Tariff Rate ($/1000Gal) $11.18
Estimated Cost Savings From Water $104
Estimated Cost of Retrofit
Material Cost for Low Flow Urinal(s) $0
Labor Cost for Installing New Urinal(s) $0
Material Cost For Replacing Existing Flush Valves With Low Flow - Dual Flush Valves $480 Labor Cost For Water Closet $687
(Up For Liquid Waste And Down For Solid Waste)
Estimated Total Cost For Retrofit $1,167
Simple Pay Back Period 11.21 Yrs
Type of Recommendation
(&0(;3/$1$7,21
6800$5<
,QLWLDO,QYHVWPHQW
6LPSOH3D\EDFN3HULRG
<UV
$QQXDO&RVW6DYLQJV
UIC
EAP4
ECM FOR DETERMINING WATER SAVINGS IN COMMERCIAL PROPERTIES Urinal Water Savings
Water Closet Water Savings
Water & Cost Saving Calculations
Capital Cost ECM Recommendation
Install Low Flow Tankless Restroom Fixtures
Location: American Legion Hall
%9UHFRPPHQGVUHSODFLQJDOOXULQDOVDERYH*3)ZLWKDQHZ*3)RUOHVVHUXULQDOV$WWKH VDPHWLPH%9DOVRUHFRPPHQGVUHSODFLQJDOOWKHZDWHUFORVHWVKDYLQJD*3)UDWLQJRIDQGRYHU ZLWKORZIORZZDWHUFORVHWIL[WXUHVHTXLSSHGZLWKGXDOIOXVKYDOYHV 7KHKLJKHVWZDWHUXWLOL]DWLRQDWDQ\KRPHRIILFHRFFXUVLQWKHUHVWURRPV,WLVHVWLPDWHGWKDWRQDQ DYHUDJHDQRUPDOKXPDQEHLQJXVHVWKHUHVWURRPDWOHDVWIRXUWLPHVDGD\.HHSLQJZLWKWKHJOREDO ZDWHUFRQVHUYDWLRQREMHFWLYHVIHGHUDOODZSURKLELWVXVHRIDQ\QHZZDWHUFORVHWIOXVKHVRYHU *3)$WWKHVDPHWLPHWKHµ
(S$&7¶PDQGDWHVDOOQHZ8ULQDOVWRKDYHDPD[LPXP*3) IOXVKYDOYHVRQXULQDOV
-
Attribute: Retrofit 6x; 1.6 GPF toilets with dual-flush flush valves ,QFDVHWKHSURSHUW\GRHVQ¶WZLVKWRUHSODFHWKHHQWLUHZDWHUFORVHWIL[WXUHV%9UHFRPPHQGV UHWURILWWLQJDOOWKHWDQNOHVVZDWHUFORVHWIOXVKIL[WXUHVZLWKQHZGXDOIOXVKIL[WXUHVWKDWZRXOGUHVXOWLQD ZDWHUVDYLQJVSHUIOXVKIRUOLTXLGZDVWHVZKLOHUHWDLQLQJWKHVDPHIOXVKUDWHIRUVROLGZDVWHV Disclaimer: PREPARED BY BUREAU VERITAS (BV). FEBRUARY 2022 INFORMATION CONTAINED IN THIS DOCUMENT IS PRIVILEGED AND CONFIDENTIAL “TRADE SECRET” AND IS THE SOLE PROPERTY OF BV. THIS MATERIAL MUST BE CONSIDERED PRIVELEDGED AND CONFIDENTIAL BY ALL PARTIES PRIVY. ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[-
/LJKWLQJ6\VWHP6FKHGXOH
/LJKWLQJ6FKHGXOH([LVWLQJ
/LQH1R ,QWHULRU ([WHULRU 6SDFH7\SH 5RRP1R &RQWURO 4XDQWLW \
([LVWLQJ
&RQWURO 7HFKQRORJ\
6XE7HFKQRORJ\
/DPS7\SH 7RWDO /DPSV )L[WXUH7\SH
/LQHDU
)OXRUHVFHQW
)L[WXUH
/HQV
)L[WXUH
0RXQWLQJ
)L[WXUH
4XDQWLW\
[
)L[WXUH
&RXQW
)L[WXUH
+HLJKW
$QQXDO
+RXUV
([LVWLQJ
$QQXDO
N:K
1 Interior Customer Service Snack stand 0 Light Switch Linear Fluorescent T8 4' 32W T8 8 Troffer - Surface Mounted Indirect 1'x4' Prism Surface Mount 2 No ш 9 3,120 7992 Interior Storage Storage 1 Light Switch Linear Fluorescent T12 8' 110W T12 3 Strip 8' None 3 No ш 9 2,080 6863 Exterior Outside 1 Light Switch HID MH MH150 6 Wallpack Vertical 6" None 6 No 15-20 2,080 1,8724 Interior Office- Support Staff Classroom 0 Light Switch Linear Fluorescent T8 4' 32W T8 24 Troffer - Recessed Indirect 2'x4' Prism Recessed 12 No ш 9 3,120 2,3965 Interior Office- Support Staff Office 3 Light Switch Linear Fluorescent T8 4' 32W T8 24 Troffer - Recessed Indirect 1'x4' Prism Recessed 12 No ш 9 3,120 2,3966 Interior Office- Support Staff Kitchen 1 Light Switch Linear Fluorescent T8 4' 32W T8 8 Troffer - Recessed Indirect 1'x4' Prism Recessed 4 No ш 9 3,120 7997 Interior Office- Support Staff Dance 1 Light Switch Linear Fluorescent T8 4' 32W T8 16 Troffer - Recessed Indirect 1'x4' Prism Recessed 8 No ш 9 3,120 1,5978 Interior Circulation-Hallway Hallway 1 Light Switch Linear Fluorescent T8 4' 32W T8 8 Troffer - Recessed Indirect 1'x4' Parabolic Troffe Recessed 4 No ш 9 3,120 7999 Interior Office- Support Staff Office 1 Light Switch Linear Fluorescent T8 4' 32W T8 4 Troffer - Recessed Indirect 1'x4' Prism Recessed 2 No ш 9 3,120 399 10 Interior Restroom - Male Restroom 1 Light Switch Linear Fluorescent T8 4' 32W T8 10 Troffer - Recessed Indirect 1'x4' Prism Recessed 5 No ш 9 4,368 1,39811 Interior Office- Support Staff Basement 1 Light Switch Linear Fluorescent T8 4' 32W T8 12 Troffer - Recessed Indirect 2'x4' Prism Recessed 6 No ш 9 3,120 1,19812 Interior Office- Support Staff Basement 1 Light Switch Linear Fluorescent T8 4' 32W T8 8 Troffer - Recessed Indirect 1'x4' Prism Recessed 4 No ш 9 3,120 799 131 68 36,608 15,138
)L[WXUH'HWDLOV ([LVWLQJ&RQVXPSWLRQ /DPS'HWDLOV
/LJKWLQJ6ROXWLRQV3URSRVHG
/LQH1R ,QWHULRU([WHULRU 6SDFH7\SH 5RRP1R ([LVWLQJ &RQWURO &RQWURO 4XDQWLW\ 7HFKQRORJ\ 6XE7HFKQRORJ\ /DPS)L[WXUH )L[WXUH 4XDQWLW\ 7RWDO /DPSV )L[WXUH +HLJKW $QQXDO +RXUV ([LVWLQJ $QQXDO N:K .: 5HGXFWLRQ (&0 (&07\SH 5HFRPPHQGHG 6HQVRU /('/DPS5HWURILW $QQXDO +RXUVRI 2SHUDWLRQ 3URSRVHG $QQXDO N:K $QQXDO6DYLQJV )URP/('5HWURILW kWh
1 Interior Customer Service Snack stand Light Switch 0 Linear Fluorescent T8 4' 32W T8; Troffer - Surface Mounted Indirect 1'x4' 2 8 ш 9 3,120 799 0.26 ECM RB - Replace Bulb Retain Existing Controls 4' 17W LED T8 3,120 424 3742 Interior Storage Storage Light Switch 1 Linear Fluorescent T12 I150-Flood; Can - Recessed Vertical 8" 3 3 ш 9 2,080 686 0.33 ECM RB - Replace Bulb Retain Existing Controls 8' 43W LED T8 2,080 268 4183 Exterior Outside Light Switch 1 HID MH MH150; Wallpack-Horizontal 6 6 15-20 2,080 1,872 0.90 ECM RB - Replace Bulb Retain Existing Controls 40W LED Wall Pack 2,080 499 1,3734 Interior Office- Support Staff Classroom Light Switch 0 Linear Fluorescent T8 4' 32W T8; Troffer - Recessed Indirect 2'x4' 12 24 ш 9 3,120 2,396 0.77 ECM RB - Replace Bulb Retain Existing Controls 4' 17W LED T8 3,120 1,273 1,1235 Interior Office- Support Staff Office Light Switch 3 Linear Fluorescent T8 4' 32W T8; Troffer - Recessed Indirect 1'x4' 12 24 ш 9 3,120 2,396 0.77 ECM RB - Replace Bulb Wall Mounted 4' 17W LED T8 3,120 1,273 1,1236 Interior Office- Support Staff Kitchen Light Switch 1 Linear Fluorescent T8 4' 32W T8; Troffer - Recessed Indirect 1'x4' 4 8 ш 9 3,120 799 0.26 ECM RB - Replace Bulb Wall Mounted 4' 17W LED T8 3,120 424 3747 Interior Office- Support Staff Dance Light Switch 1 Linear Fluorescent T8 4' 32W T8; Troffer - Recessed Indirect 1'x4' 8 16 ш 9 3,120 1,597 0.51 ECM RB - Replace Bulb Ceiling Mounted 4' 17W LED T8 3,120 849 7498 Interior Circulation-Hallway Hallway Light Switch 1 Linear Fluorescent T8 4' 32W T8; Troffer - Recessed Indirect 1'x4' 4 8 ш 9 3,120 799 0.26 ECM RB - Replace Bulb Ceiling Mounted 4' 17W LED T8 3,120 424 3749 Interior Office- Support Staff Office Light Switch 1 Linear Fluorescent T8 4' 32W T8; Troffer - Recessed Indirect 1'x4' 2 4 ш 9 3,120 399 0.13 ECM RB - Replace Bulb Wall Mounted 4' 17W LED T8 3,120 212 187 10 Interior Restroom - Male Restroom Light Switch 1 Linear Fluorescent T8 4' 32W T8; Troffer - Recessed Indirect 1'x4' 5 10 ш 9 4,368 1,398 0.32 ECM RB - Replace Bulb Wall Mounted 4' 17W LED T8 4,368 743 65511 Interior Office- Support Staff Basement Light Switch 1 Linear Fluorescent T8 4' 32W T8; Troffer - Recessed Indirect 2'x4' 6 12 ш 9 3,120 1,198 0.38 ECM RB - Replace Bulb Wall Mounted 4' 17W LED T8 3,120 636 56212 Interior Office- Support Staff Basement Light Switch 1 Linear Fluorescent T8 4' 32W T8; Troffer - Recessed Indirect 1'x4' 4 8 ш 9 3,120 799 0.26 ECM RB - Replace Bulb Wall Mounted 4' 17W LED T8 3,120 424 374 131 5 7,451 7,688
([LVWLQJ&RQVXPSWLRQ )L[WXUH'HWDLOV 3URSRVHG3RVW5HWURILW ),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
$SSHQGL[.
(QHUJ\$XGLW*ORVVDU\RI7HUPV
),1.%,1(53$5.)$&,/,7,(6 %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
*ORVVDU\RI7HUPVDQG$FURQ\PV
(&0±(QHUJ\&RQVHUYDWLRQ0HDVXUHVDUHSURMHFWVUHFRPPHQGHGWRUHGXFHHQHUJ\FRQVXPSWLRQ7KHVHFDQEH1R/RZ FRVWLWHPVLPSOHPHQWHGDVSDUWRIURXWLQHPDLQWHQDQFHRU&DSLWDO&RVWLWHPVWREHLPSOHPHQWHGDVDFDSLWDOLPSURYHPHQW SURMHFW
,QLWLDO,QYHVWPHQW±7KHHVWLPDWHGFRVWRILPSOHPHQWLQJDQ(&0SURMHFW(VWLPDWHVW\SLFDOO\DUHEDVHGRQ560HDQV &RQVWUXFWLRQFRVWGDWDDQG,QGXVWU\6WDQGDUGV
$QQXDO(QHUJ\6DYLQJV ±7KH UHGXFWLRQ LQ HQHUJ\ FRQVXPSWLRQDWWULEXWDEOHWRWKHLPSOHPHQWDWLRQ RID SDUWLFXODU(&0 7KHVHVDYLQJVYDOXHVGRQRWLQFOXGHWKHLQWHUDFWLYHHIIHFWVRIRWKHU(&0V &RVW6DYLQJV±7KHH[SHFWHGUHGXFWLRQLQXWLOLW\RUHQHUJ\FRVWVDFKLHYHGWKURXJKWKHFRUUHVSRQGLQJUHGXFWLRQLQHQHUJ\ FRQVXPSWLRQE\LPSOHPHQWDWLRQRIDQ(&0
6LPSOH3D\EDFN3HULRG±7KHQXPEHURI\HDUVUHTXLUHGIRUWKHFXPXODWLYHYDOXHRIHQHUJ\RUZDWHUFRVWVDYLQJVOHVVIXWXUH QRQIXHORUQRQZDWHUFRVWVWRHTXDOWKHLQYHVWPHQWFRVWVRIWKHEXLOGLQJHQHUJ\RUZDWHUV\VWHPZLWKRXWFRQVLGHUDWLRQRI GLVFRXQWUDWHV
(8/±([SHFWHG8VHIXO/LIHLVWKHHVWLPDWHGOLIHVSDQRIDW\SLFDOSLHFHRIHTXLSPHQWEDVHGRQLQGXVWU\DFFHSWHGVWDQGDUGV 58/±5HPDLQLQJ8VHIXO/LIHLVWKH(8/PLQXVWKHHIIHFWLYHDJHRIWKHHTXLSPHQWDQGUHIOHFWVWKHHVWLPDWHGQXPEHURI RSHUDWLQJ\HDUVUHPDLQLQJIRUWKHLWHP
6,57KHVDYLQJVWRLQYHVWPHQWUDWLRLVWKHUDWLRRIWKHSUHVHQWYDOXHVDYLQJVWRWKHSUHVHQWYDOXHFRVWVRIDQHQHUJ\RU ZDWHUFRQVHUYDWLRQPHDVXUH7KHQXPHUDWRURIWKHUDWLRLVWKHSUHVHQWYDOXHRIQHWVDYLQJVLQHQHUJ\RUZDWHUDQGQRQ IXHORUQRQZDWHURSHUDWLRQDQGPDLQWHQDQFHFRVWVDWWULEXWDEOHWRWKHSURSRVHGHQHUJ\RUZDWHUFRQVHUYDWLRQPHDVXUH 7KHGHQRPLQDWRURIWKH UDWLRLVWKHSUHVHQWYDOXHRIWKHQHWLQFUHDVHLQLQYHVWPHQWDQG UHSODFHPHQWFRVWVOHVVVDOYDJH YDOXH DWWULEXWDEOH WR WKH SURSRVHG HQHUJ\ RU ZDWHU FRQVHUYDWLRQ PHDVXUH ,W LV UHFRPPHQGHG WKDW HQHUJ\HIILFLHQF\ UHFRPPHQGDWLRQV EH EDVHG RQ D FDOFXODWHG 6,5 ZLWK ODUJHU 6,5V UHFHLYLQJ D KLJKHU SULRULW\ $ SURMHFW W\SLFDOO\ LV UHFRPPHQGHGRQO\LIWKH6,5LVJUHDWHUWKDQRUHTXDOWRXQOHVVRWKHUIDFWRUVRXWZHLJKWKHILQDQFLDOEHQHILW /LIH&\FOH&RVW7KHVXPRIWKHSUHVHQWYDOXHVRI
D
,QYHVWPHQWFRVWVOHVVVDOYDJHYDOXHVDWWKHHQGRIWKHVWXG\SHULRG
E
1RQIXHORSHUDWLRQDQGPDLQWHQDQFHFRVWV
F
5HSODFHPHQWFRVWVOHVVVDOYDJHFRVWVRIUHSODFHGEXLOGLQJV\VWHPV DQG
G
(QHUJ\DQGRUZDWHUFRVWV
/LIH&\FOH6DYLQJV±7KHVXPRIWKHHVWLPDWHGDQQXDOFRVWVDYLQJVRYHUWKH(8/RIWKHUHFRPPHQGHG(&0H[SUHVVHGLQ SUHVHQWYDOXHGROODUV
%XLOGLQJ6LWH(QHUJ\8VH,QWHQVLW\7KHVXPRIWKHWRWDOVLWHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVVEXLOGLQJDUHD 6LWHHQHUJ\DFFRXQWVIRUDOOHQHUJ\FRQVXPHGDWWKHEXLOGLQJORFDWLRQRQO\QRWWKHHQHUJ\FRQVXPHGGXULQJJHQHUDWLRQDQG WUDQVPLVVLRQRIWKHHQHUJ\WRWKHVLWH
%XLOGLQJ6RXUFH(QHUJ\8VH,QWHQVLW\±7KHVXPRIWKHWRWDOVRXUFHHQHUJ\XVHLQWKRXVDQGVRI%WXSHUXQLWRIJURVVEXLOGLQJ DUHD6RXUFHHQHUJ\LVWKHHQHUJ\FRQVXPHGGXULQJJHQHUDWLRQDQGWUDQVPLVVLRQLQVXSSO\LQJWKHHQHUJ\WR\RXUVLWH %XLOGLQJ&RVW,QWHQVLW\7KLVPHWULFLVWKHVXPRIDOOHQHUJ\XVHFRVWVLQGROODUVSHUXQLWRIJURVVEXLOGLQJDUHD *UHHQKRXVH *DV (PLVVLRQV $OWKRXJK WKHUH DUH QXPHURXV JDVHV WKDW DUH FODVVLILHG DV FRQWULEXWRUV WR WKH WRWDO IRU *UHHQKRXVH (PLVVLRQV WKH VFRSH RI WKLV HQHUJ\ DXGLW IRFXVHV RQ FDUERQ GLR[LGH &2
&DUERQ GLR[LGH HQWHUV WKH
DWPRVSKHUHWKURXJKWKHEXUQLQJRIIRVVLOIXHOV
RLOQDWXUDOJDVDQGFRDO
VROLGZDVWHWUHHVDQGZRRGSURGXFWVDQGDOVR
DVDUHVXOWRIRWKHUFKHPLFDOUHDFWLRQV
HJPDQXIDFWXUHRIFHPHQW
3DUNV<DUG
&RPSURPLVH/LQH5RDG
*OHQGRUD&DOLIRUQLD
prepared for
&LW\RI*OHQGRUD
(DVW)RRWKLOO%RXOHYDUG
*OHQGRUD&DOLIRUQLD
0LFKDHO6OHGG
35(3$5('%<
Bureau Veritas
6021 University Boulevard, Suite 200
Ellicott City, Maryland 21043
800.733.0660
www.us.bureauveritas.com
%9&217$&7
Mary Venable
Program Manager
800.733.0660 x7292719
[email protected]
%9352-(&7
158691.23R000-015.379
'$7(2)5(3257
January 2, 2024
216,7('$7(
November 8, 2023
Bureau Veritas
8QLYHUVLW\%RXOHYDUG6XLWH_(OOLFRWW&LW\0DU\ODQG_ZZZXVEXUHDXYHULWDVFRP_S )$&,/,7<&21',7,21$66(660(17
(1(5*<$8',7
3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7$%/(2)&217(176
([HFXWLYH6XPPDU\ &DPSXV2YHUYLHZDQG$VVHVVPHQW'HWDLOV &DPSXV)LQGLQJVDQG'HILFLHQFLHV )DFLOLW\&RQGLWLRQ,QGH[
)&,
,PPHGLDWH1HHGV .H\)LQGLQJV 3ODQ7\SHV 3DUNV<DUG6WRUDJH 3XEOLF:RUNV±$GPLQ%XLOGLQJ 6WRUDJH%XLOGLQJ 6LWH6XPPDU\ 3URSHUW\6SDFH8VHDQG2EVHUYHG$UHDV $'$$FFHVVLELOLW\
3XUSRVHDQG6FRSH
2SLQLRQVRI3UREDEOH&RVWV 'HILQLWLRQV 0HWKRGRORJ\ (QHUJ\$XGLW +LVWRULFDO(QHUJ\DQG:DWHU3HUIRUPDQFH0HWULFV 8WLOLW\'DWD7DEXODWLRQ0HWKRGRORJ\ (OHFWULFLW\ 1DWXUDO*DV :DWHUDQG6HZHU (QG8VH(QHUJ\'LVWULEXWLRQ (QHUJ\6WDU3RUWIROLR0DQDJHU)DFLOLW\6XPPDU\ (QHUJ\&RQVHUYDWLRQ0HDVXUHV 2SHUDWLRQV 0DLQWHQDQFH3ODQ &HUWLILFDWLRQ $SSHQGLFHV 3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
([HFXWLYH6XPPDU\
&DPSXV2YHUYLHZDQG$VVHVVPHQW'HWDLOV
*HQHUDO,QIRUPDWLRQ
3URSHUW\7\SH 0DLQWHQDQFH<DUG
1XPEHURI%XLOGLQJV 7KUHH
0DLQ$GGUHVV &RPSURPLVH/LQH5RDG*OHQGRUD&DOLIRUQLD
6LWH'HYHORSHG 3XEOLF:RUNV±$GPLQ%XLOGLQJ6WRUDJH%XLOGLQJ
3DUNV<DUG±6WRUDJH
&XUUHQW2FFXSDQWV &LW\RI*OHQGRUD
'DWH
V
RI9LVLW 1RYHPEHU
0DQDJHPHQW3RLQWRI&RQWDFW &LW\RI*OHQGRUD5\DQ+DFHFN\)DFLOLWLHV0DLQWHQDQFH6XSHUYLVRU
UKDFHFN\#FLW\RIJOHQGRUDRUJ
2QVLWH3RLQWRI&RQWDFW
32&
+XJR6DOWHUR
$VVHVVPHQWDQG5HSRUW3UHSDUHG%\ &DUO$OHMDQGUR
5HYLHZHG%\ 8VDPD$QZDU
7HFKQLFDO5HSRUW5HYLHZHU)RU
0DU\9HQDEOH
3URJUDP0DQDJHU
PDU\YHQDEOH#EXUHDXYHULWDVFRP
[
$VVHW&DOF/LQN )XOOGDWDVHWIRUWKLVDVVHVVPHQWFDQEHIRXQGDW
KWWSV
ZZZDVVHWFDOFQHW
3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
&DPSXV)LQGLQJVDQG'HILFLHQFLHV
+LVWRULFDO6XPPDU\
7KH3DUNV<DUGZDVRULJLQDOO\EXLOWLQ
7KHVWRUDJHJDUDJHZDVODWHUFRQVWUXFWHGLQ
7KHSURSHUW\LVXVHGDVDQ
DGPLQLVWUDWLRQEXLOGLQJIRUWKH3XEOLF:RUNV'HSDUWPHQWDQGDVDQDUHDWRVWRUHPDLQWHQDQFHHTXLSPHQW $UFKLWHFWXUDO
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
0(3)
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
7KH DVSKDOW SDYHPHQW KDV VLJQLILFDQW DUHDV RI DOOLJDWRU FUDFNLQJ WKURXJKRXW 5HSODFHPHQW RI WKH SDYHPHQW LV UHFRPPHQGHG7KHDXWRPDWLFJDWHFRQWUROOHUVZHUHUHSODFHGLQDQGDUHLQRYHUDOOIDLUZRUNLQJFRQGLWLRQ6LWHOLJKWLQJ DSSHDUVWREHDGHTXDWHIRUWKHIDFLOLW\¶VQHHGV
5HFRPPHQGHG$GGLWLRQDO6WXGLHV
1RDGGLWLRQDOVWXGLHVUHFRPPHQGHGDWWKLVWLPH
3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
)DFLOLW\&RQGLWLRQ,QGH[
)&,
2QHRIWKHPDMRUJRDOVRIWKH)&$LVWRFDOFXODWHHDFKEXLOGLQJ¶V)DFLOLW\&RQGLWLRQ,QGH[ )&,
ZKLFKSURYLGHVDWKHRUHWLFDO
REMHFWLYHLQGLFDWLRQRIDEXLOGLQJ¶VRYHUDOOFRQGLWLRQ%\GHILQLWLRQWKH)&,LVGHILQHGDVWKHUDWLRRIWKHFRVWRIFXUUHQWQHHGV GLYLGHGE\FXUUHQWUHSODFHPHQWYDOXH
&59
RIWKHIDFLOLW\7KHFKDUWEHORZSUHVHQWVWKHLQGXVWU\VWDQGDUGUDQJHVDQGFXW RIISRLQWV
)&,5DQJHVDQG'HVFULSWLRQ
± ,QQHZRUZHOOPDLQWDLQHGFRQGLWLRQZLWKOLWWOHRUQRYLVXDOHYLGHQFHRIZHDURUGHILFLHQFLHV ± 6XEMHFWHGWRZHDUEXWLVVWLOOLQDVHUYLFHDEOHDQGIXQFWLRQLQJFRQGLWLRQ ± 6XEMHFWHGWRKDUGRUORQJWHUPZHDU1HDULQJWKHHQGRILWVXVHIXORUVHUYLFHDEOHOLIH DQGDERYH +DVUHDFKHGWKHHQGRILWVXVHIXORUVHUYLFHDEOHOLIH5HQHZDOLVQRZQHFHVVDU\ 7KHGHILFLHQFLHVDQGOLIHF\FOHQHHGVLGHQWLILHGLQWKLVDVVHVVPHQWSURYLGHWKHEDVLVIRUDSRUWIROLRZLGHFDSLWDOLPSURYHPHQW IXQGLQJVWUDWHJ\,QDGGLWLRQWRWKHFXUUHQW)&,H[WHQGHG)&,¶VKDYHEHHQGHYHORSHGWRSURYLGHRZQHUVWKHLQWHOOLJHQFH QHHGHGWRSODQDQGEXGJHWIRUWKH³NHHSXSFRVWV´IRUWKHLUIDFLOLWLHV$VVXFKWKH\HDU\HDUDQG\HDU)&,¶VDUH FDOFXODWHGE\GLYLGLQJWKHDQWLFLSDWHGQHHGVRIWKRVHUHVSHFWLYHWLPHSHULRGVE\FXUUHQWUHSODFHPHQWYDOXH$VDILQDOSRLQW WKH)&,¶VXOWLPDWHO\SURYLGHPRUHYDOXHZKHQXVHGWRUHODWLYHO\FRPSDUHIDFLOLWLHVDFURVVDSRUWIROLRLQVWHDGRIEHLQJRYHU DQDO\]HGDQGVFUXWLQL]HGDVVWDQGDORQHYDOXHV7KHWDEOHEHORZVXPPDUL]HVWKHLQGLYLGXDOILQGLQJVIRUWKLV)&$
3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHYHUWLFDOEDUVEHORZUHSUHVHQWWKH\HDUE\\HDUQHHGVLGHQWLILHGIRUWKHVLWH7KHRUDQJHOLQHLQWKHJUDSKEHORZIRUHFDVWV ZKDWZRXOGKDSSHQWRWKH)&,
OHIW<D[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDOH[SHQGLWXUHVRYHUWKHQH[WWHQ\HDUV7KHGROODU DPRXQWVDOORFDWHGIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHYDOXHVDORQJWKHULJKW<D[LV 1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
,PPHGLDWH1HHGV
1RLPPHGLDWHQHHGVZHUHLGHQWLILHG
3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
.H\)LQGLQJV
3DUNLQJ/RWVLQ3RRUFRQGLWLRQ
3DYHPHQW$VSKDOW
6LWH3DUNV<DUG6LWH
8QLIRUPDW&RGH
*
5HFRPPHQGDWLRQ
0LOODQG2YHUOD\LQ
3ULRULW\6FRUH
3ODQ7\SH
3HUIRUPDQFH,QWHJULW\
&RVW(VWLPDWH
([WHQVLYHDOOLJDWRUFUDFNLQJDQGSRWKROHV$VVHW&$/&,'
3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3ODQ7\SHV
(DFKOLQHLWHPLQWKHFRVWGDWDEDVHLVDVVLJQHGD3ODQ7\SHZKLFKLVWKHSULPDU\UHDVRQRUUDWLRQDOHIRUWKHUHFRPPHQGHG UHSODFHPHQWUHSDLURURWKHUFRUUHFWLYHDFWLRQ7KLVLVWKH³ZK\´SDUWRIWKHHTXDWLRQ$FRVWRUOLQHLWHPPD\FRPPRQO\ KDYHPRUHWKDQRQHDSSOLFDEOH3ODQ7\SH
KRZHYHURQO\RQH3ODQ7\SHZLOOEHDVVLJQHGEDVHGRQWKH³EHVW´ILWW\SLFDOO\ WKHRQHZLWKWKHJUHDWHVWVLJQLILFDQFH
3ODQ7\SH'HVFULSWLRQV
6DIHW\ $QREVHUYHGRU UHSRUWHGXQVDIHFRQGLWLRQWKDWLIOHIWXQDGGUHVVHGFRXOG UHVXOWLQ LQMXU\
DV\VWHPRUFRPSRQHQWWKDWSUHVHQWVSRWHQWLDOOLDELOLW\ULVN 3HUIRUPDQFH,QWHJULW\ &RPSRQHQWRU V\VWHPKDVIDLOHGLVDOPRVWIDLOLQJSHUIRUPVXQUHOLDEO\GRHVQRW SHUIRUPDVLQWHQGHGDQGRUSRVHVULVNWRRYHUDOOV\VWHPVWDELOLW\ $FFHVVLELOLW\ 'RHVQRWPHHW$'$8)$6DQGRURWKHUKDQGLFDSDFFHVVLELOLW\UHTXLUHPHQWV (QYLURQPHQWDO ,PSURYHPHQWVWRDLURUZDWHUTXDOLW\LQFOXGLQJUHPRYDORIKD]DUGRXVPDWHULDOVIURP WKHEXLOGLQJRUVLWH
5HWURILW$GDSWDWLRQ &RPSRQHQWVV\VWHPVRUVSDFHVUHFRPPHQGHGIRUXSJUDGHVLQLQRUGHUWRPHHW FXUUHQWVWDQGDUGVIDFLOLW\XVDJHRUFOLHQWRFFXSDQWQHHGV /LIHF\FOH5HQHZDO $Q\FRPSRQHQWRUV\VWHPWKDWLVQRWFXUUHQWO\GHILFLHQWRUSUREOHPDWLFEXWIRUZKLFK IXWXUHUHSODFHPHQWRUUHSDLULVDQWLFLSDWHGDQGEXGJHWHG 3ODQ7\SH'LVWULEXWLRQ
E\&RVW
3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3DUNV<DUG6WRUDJH
3DUNV<DUG6WRUDJH
6\VWHPV6XPPDU\
$GGUHVV &RPSURPLVH/LQH5RDG
*OHQGRUD&DOLIRUQLD
&RQVWUXFWHG5HQRYDWHG
%XLOGLQJ6L]H 6)
1XPEHURI6WRULHV 2QH
System Description Condition
6WUXFWXUH 6WHHOIUDPHZLWKPHWDOIUDPHGURRI *RRG
)DoDGH 0HWDOVLGLQJ *RRG
5RRI 3ULPDU\
*DEOHFRQVWUXFWLRQZLWKPHWDOILQLVK *RRG
,QWHULRUV :DOOV
8QILQLVKHG
)ORRUV
8QILQLVKHG
&HLOLQJV
8QILQLVKHGH[SRVHG
(OHYDWRUV 1RQH
3OXPELQJ 1RQH
+9$& 1RQH
)LUH6XSSUHVVLRQ 1RQH
3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
3DUNV<DUG6WRUDJH
6\VWHPV6XPPDU\
(OHFWULFDO 6RXUFH DQG 'LVWULEXWLRQ
)HG IURP 3XEOLF :RUNV ± $GPLQ %XLOGLQJ ZLWK
FRSSHUZLULQJ
,QWHULRU/LJKWLQJ
7
(PHUJHQF\
QRQH
*RRG
)LUH$ODUP 1RQH
(TXLSPHQW6SHFLDO 1RQH
$FFHVVLELOLW\ 3UHVHQWO\LWGRHVQRWDSSHDUDQDFFHVVLELOLW\VWXG\LVQHHGHGIRUWKLVSURSHUW\ .H\,VVXHVDQG)LQGLQJV 1RNH\LVVXHVREVHUYHG
3DUNV<DUG6WRUDJH
6\VWHPV([SHQGLWXUH)RUHFDVW
3$5.6<$5' %85($89(5,7$6352-(&7
5
ZZZXVEXUHDXYHULWDVFRP_S
7KHRUDQJHOLQHLQWKHJUDSKEHORZIRUHFDVWVZKDWZRXOGKDSSHQWRWKH)&, OHIWD[LV
RYHUWLPHDVVXPLQJ]HURFDSLWDO
H[SHQGLWXUHV7KHFDSLWDOH[SHQGLWXUHVIRUHDFK\HDU
EOXHEDUV
DUHDVVRFLDWHGZLWKWKHGROODUDPRXQWVDORQJWKHULJKW< D[LV
1HHGVE\<HDUZLWK8QDGGUHVVHG)&,2YHU7LPH
3$5.6<$5' %85($89(5,7$6352-(&7
5