Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
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75. Retaining Walls - All new retaining walls shall be constructed of a decorative masonry material with a decorative cap or a concrete material to match the buildings subject to cut sheet detail designs submitted for the review and approval of the Planning Division. All retaining walls shall be limited to a maximum exposed height of six (6) feet and softened by landscaping. Where such walls are exposed to public view, horizontal articulation of varying depths shall be provided to break up a linear wall appearance. All new retaining shall be subject to review and approval by the Community Development and Public Works Departments.
76. Construction/Security Fencing - Prior to the issuance of a grading/building permit, the applicant shall install a temporary five (5) foot high chain-link fence within the limits of the proposed development area.
Said fencing shall be provided for purposes of maintaining security, as well as containing trash and debris on-site. The fence shall remain in place during all phases of construction and shall be maintained until no longer needed for trash and debris control as determined by the Community Development Department. The applicant shall be responsible for pick-up of trash and debris on a weekly basis during building construction operations.
77. Decorative Sidewalk Treatment - The use of decorative material such as rock, tiles, pavers or similar patterned material shall be provided at the main pedestrian entrance(s) to each building. The specific material(s) shall comply with ADA and Title 24 disabled access requirements for paths of travel subject to review and approval by the Community Development Department.
LIGHTING
78. Parking Lot Lighting - All parking lot illumination shall comply with the City's parking lot standards as identified in the City's Security Ordinance utilizing decorative light fixtures with parking lot light fixtures abutting residential properties at a maximum height of fourteen (14') feet above grade level. Special design features within the light fixture, including lens and shielding devices, shall be provided to avoid an over intensity of illumination and to direct illumination in a downward direction. All lighting utilized shall be located within landscaped areas, three feet (3') from parking surfaces with twenty-four inch (24") high concrete pedestals. All pedestals shall be painted the same color which shall complement one of the main wall colors of the buildings, subject to the review and approval of the Community Development Department. Where pedestrian walkways occur, the height of these fixtures may be reduced in proportion to human scale. cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
Use of bollard type lighting for safety adjacent to driveways is also encouraged for pedestrian traffic circulation. All lighting attached to these features shall be decorative, oriented in a downward direction, and downward shielded. Prior to issuance of a parking lot electrical permit, a photometric analysis and light fixture catalogue cuts and specifications shall be submitted to the Planning and Building Divisions for review and approval.
79. Lighting on Roof Top Terrace - No roof illumination shall be permitted except as otherwise needed to comply with building security requirements.
The design and location of such fixtures shall be subject to review and approval of the Community Development Department prior to the issuance of a building permit. The rooftop areas shall be illuminated with wall sconces and shall not extend beyond the height of the parapet. Additionally, the rooftop areas may be illuminated subject to the following:
a) Cut-off shields shall be installed/maintained on each side of the light fixtures visible from the parapet wall perspectives;
b) Motion sensors shall be installed to limit operation of the lighting to times activity is detected on the rooftop areas. Lighting shall be off when no activity is on the rooftop; and
c) Stand-alone light standards shall not exceed 10'-0" in height.
80. Wall Lighting - Wall-pac type light fixtures at building entrance doors, loading areas, and outdoor areas within public view area shall not be permitted. Lighting may be provided by decorative downward shielded light fixtures, recessed in a downward direction from projecting canopies, recessed doorways, and window openings. Decorative architectural light fixtures shall be installed on the building walls. Light fixture cut sheets shall be submitted for review and approval by the Planning Division.
Architecturally designed fixed pendant and bracket light fixtures are permitted. The use of such lighting shall be designed to create a uniform illumination generally in a downward direction and not create illumination hot spots on adjacent surfaces.
81. On-building Light Fixtures - The applicant shall submit catalogue cut sheets and specifications for any new exterior light fixtures to the Community Development Department for review and approval prior to installation.
SIGNS
82. All Signs - All site and building signage shall be designed to meet the Architectural Guidelines for Commercial Projects (Res. No. 2005-011 ), cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215: Z 2021-70216: SP 2021-70397:
DAGR 2021-70399: DP 2021-70214: LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
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Precise Plan of Design Guidelines (Res. No. 2006-108), as well as Title 9, Chapter 4, Article 23 of the Municipal Code and SP-22. The design, color and location of all site and building signs as well as address numbers shall be processed under separate permits. Prior to the issuance of any sign permits, detailed plans shall be submitted for the review and approval of the Community Development Department.
OAK AND LANDMARK TREE PRESERVATION (PTP 2021-70400)
83. Scope of Permit Approval - The Protected Tree Permit is granted to allow the following:
• Removal of three (3) Coast Live Oak (Quercus agrifolia) trees (Tree Nos. 8, 9 and 1 O);
• Encroachment into the protected zones of two (2) Coast Live Oak (Quercus agrifolia) trees (Tree Nos. 1 and 2); and
• Encroachment into the protected zone of two (2) California sycamore (Platanus racemosa) trees (Tree Nos. 6 and 7).
84. Oak Tree Removal - The applicant shall provide two 24-inch box and one 36-inch oak replacement tree for each Coast Live Oak (Quercus agrifolia) tree removed. Total of 9 mitigation trees are required.
85. Mitigation Oak and Landmark Tree Location Map - Prior to issuance of a grading permit, the applicant shall submit a mitigation tree location map demonstrating the location of the replacement trees.
86. Oak Tree Removal and Encroachment- The removal and encroachment into the protected zones of oak trees for the construction of the new mixeduse and multi-family residential buildings, utilities, and associated development is hereby approved.
87. Preservation of Existing Oak and Landmark Trees - The preservation of five (5) coast live oak trees, identified as trees numbered 1, 2, 3, 4 and 5 and the preservation of two (2) California sycamore trees, identified as trees numbered 6 and 7 in the Protected Tree Report, is authorized under this permit. These oak and landmark trees will require pruning to accommodate the construction activities and for the overall long-term health of the trees which is also approved under this permit. Appropriate work methods and monitoring are required as described in the Protected Tree Report dated May 2022, prepared by Rincon Consultants, Inc.
cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
88. Oak and Landmark Tree Preservation and Protection Guidelines Compliance - All construction activities to or near an oak or landmark tree shall conform and abide by the City of Thousand Oaks, Landmark Tree Preservation and Protection requirements as specified in Articles 42 and 43, Chapter 4 of Title 9 of the Thousand Oaks Municipal Code.
89. Mitigation Tree Maintenance and Monitoring - The required mitigation trees shall be monitored for a period of five (5) years. An irrigation system designed for "dryscape" planting shall be installed for successful oak establishment, which generally involves a drip-system irrigation for managing water distribution near the oak trees and does not include watering during summer months when natural rainfall would not be abundant. Maintenance shall include leaving the leaf-litter build-up or a 3- inch layer of mulch under the canopies of the oak trees to promote healthy tree growth and root development.
Monitoring shall be performed by the applicant's oak tree consultant and monitoring shall entail visits at quarterly intervals for the first two (2) years and biannually for the next three (3) years. The applicant's oak tree consultant shall submit to the Community Development Department a semiannual report regarding the conditions of the oak trees.
90. Oak and Landmark Tree Protection - Every effort shall be made to protect all on-site oak and landmark trees.
91. Oak and Landmark Tree Maintenance - The continued maintenance of all on-site oak and landmark trees is the responsibility of the property owner.
All oak trees shall be maintained in accordance with the Oak Tree Preservation and Protection Guidelines Resolution 2010-14, unless otherwise waived by the Community Development Director.
92. Required Temporary Fencing - Prior to commencing construction, a fivefoot high fence shall be installed and maintained around the protected zone of all on-site oak and landmark trees, unless otherwise approved by the Community Development Department. Installation of said fence shall be reviewed and approved by the Planning Division of the Community Development Department. It shall be the responsibility of the applicant to maintain all protective fencing in a good condition throughout the development period. The fence shall be removed upon completion of construction and upon authorization from the Community Development Department, Planning Division.
cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400: and EIR 2021- 70442
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93. Root Preservation - During excavation for construction improvements, if an oak and/or landmark tree root over two inches (2") in diameter is encountered, the applicant shall immediately contact Planning Division of the Community Development Department to schedule a field inspection to determine if it is appropriate to cut the root(s) or whether the improvements need to be redesigned and/or relocated to avoid root damage to ensure preservation of the trees.
94. Use of Hand Tools - Unless otherwise authorized by the Community Development Director, all work, other than the tree removals, within the protected zones of oak and landmark trees shall be performed with hand tools only and performed under direct supervision of the applicant's oak and landmark tree consultant.
95. Excavation in Protected Zones - All excavation and construction activity within the protected zone of the existing oak and landmark trees shall be performed with the use of hand tools only, in accordance with the Oak Tree Preservation and Protection Guidelines Resolution, No. 2010-14, and observed in progress by the applicant's oak tree consultant.
96. Storage of Materials - No storage of materials is permitted within the protected zones of any oak and landmark trees.
97. Irrigation/Lighting - No spray irrigation or lighting system shall be installed within the protected zone of any oak tree or landmark tree except as otherwise authorized by the Community Development Department.
98. Herbicides - No herbicides shall be used within one hundred feet (100') of the dripline of any oak and landmark tree.
99. Billing by City Oak and Landmark Tree Consultant- The applicant shall be billed on a real time basis for any work performed by the City's oak and landmark tree consultant in conjunction with the Oak Tree Permit and Landmark Tree Permit.
100. On-Site Monitoring - Unless otherwise modified herein, all authorized pruning and encroachment activities shall be conducted in accordance with the conditions contained herein. All work shall be monitored by the applicant's oak and landmark tree consultant and follow the recommendations contained in the applicant's oak and landmark tree report labeled Protected Tree Report dated May 2022, prepared by Rincon Consultants, Inc.
cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215: Z 2021-70216: SP 2021-70397:
DAGR 2021-70399: DP 2021-70214: LLA 2021-70398: PTP 2021-70400: and EIR 2021- 70442
101. Written Certification - The applicant's oak/landmark tree consultant shall certify in writing that all conditions of the Oak Tree Permit and Landmark Tree Permit have been met and that protective measures, to ensure the preservation of the subject oak trees, have been properly implemented. A final inspection by the City's Oak and Landmark Tree Consultant, paid for by the applicant, shall be performed upon receipt of certification and prior to final inspection for building occupancy.
RESTRICTIONS
102. Maintenance of Common Facilities - All improvements within common areas of the project including lighting, landscaping, fences, walls, buildings and other related features shall be properly maintained in accordance with conditions of this permit as well as all applicable ordinances and shall not be altered in any manner without prior approval of the City. That any alteration, removal, abandonment or discontinuance without prior City approval shall constitute a violation of the Development Permit and conditions and shall be sufficient grounds for a Code Compliance action.
PUBLIC WORKS DEPARTMENT
GENERAL
103. Plan Format-All plans submitted to the Public Works Department shall be formatted to 24 inch by 36-inch sheet size, using city standard title block, and as-built/record plans shall be submitted as part of the closure and acceptance of the project.
104. Standard Plates - The City of Thousand Oaks Public Works Road Design and Construction Standards and Standard Plates, adopted May 15, 2018, in Resolution No. 2018-024 shall be used as the principal criteria for the design of development plans. It shall be the responsibility of the applicant to maintain a copy of the latest edition of said Plates available to all parties utilizing said Plates for construction purposes. The Standards establish uniform criteria, polices, standard and procedures for the design and construction of City roads, drainage facilities and appurtenances. The design engineer shall review the methods and procedures contained in the Road Standards, where not considered applicable, the design engineer shall request an exception from these standards in writing to be approved by the City Engineer. Said Road Standards are available for download at www.toaks.org/roadstandards.
cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
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105. Updating of Existing Improvement Drawings - All existing improvement drawings in the Department's possession for water and wastewater which are affected by the subject project will be updated by the City to reflect the new improvements associated with this project. This work shall be considered as part of the project final process, and subject to a change order fee
106. Base Topography Map - The grading plan for this project must be prepared utilizing topography which has been plotted by photogrammetric methods or survey data compiled no longer than two years prior to the date of submittal of the grading plan, and must be on current City datum. The name of the firm which prepared the topography and the date(s) on which the data was compiled or obtained must be shown on the plan. Topography must be presented in 1" = 40' or larger (closer) scale and must extend a minimum of 100 feet outside the limits of the property proposed for development. Any deviation from this condition must be approved by the City Engineer. 107. Construction/Demolition Debris Recycling Plan - Prior to the issuance of a demolition permit or of a grading/building permit, the applicant shall submit a Construction and Demolition (C&D) Debris Recycling Plan to the Department for review and approval. The applicant must divert a minimum sixty-five percent (65%) of all C&D waste materials generated from the project. The C&D Debris Recycling Plan shall indicate the proposed means of disposition of all C&D waste materials, including but not limited to, asphalt, concrete, wood, drywall, brush and vegetation, landscaping materials, lights, piping, concrete block, metal, and the like, which will be recycled, reused, salvaged, and /or delivered to a landfill. The Recycling Plan must also include estimated weights of the materials, list of proposed recycling/disposal facilities, and authorized hauling companies to be used.
For a list of authorized waste haulers and/or to complete and submit a C&D Debris Recycling Plan go to ThousandOaks.WasteTracking.com. 108. Solid Waste, Recycling and Organics Collection - ADA accessible, covered 3-bin enclosures are required for the collection of solid waste, recycling, and organics (food waste). The design of the enclosure must be large enough to accommodate collection containers for source-separated solid Waste, organic waste, and recyclable materials. The solid waste hauler (Athens Services) must evaluate the proposed location and access for suitability.
Refer to the City's revised waste ordinance (November 16, 2021) governing the enclosures' locations, specific sizing, configuration, and cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216: SP 2021-70397:
DAGR 2021-70399: DP 2021-70214: LLA 2021-70398; PTP 2021-70400: and EIR 2021- 70442
clearances. Trash enclosures can be located inside the parking garage, but the solid waste hauler must have access to parking garages or locked gates without restriction or prior notification.
Operational recycling plans are required before occupancy for the multifamily and the commercial spaces 109. Multi-Family Specific Requirements - Resident access to waste enclosures or chutes serving multi-family or mixed-use developments with centralized (as opposed to individual unit) waste service shall be located no further than 150 feet from the front door of the furthest residential unit served as measured along the accessible path of travel, unless as otherwise approved by Public Works and Community Development Departments. Trash chutes cannot be used for organic collection. An area must be designated and reserved for tenants to place bulky items for pickup by the hauler. This area must be accessible by the hauler's truck and must be approved by the hauler.
110. Title Report - A copy of the applicant's preliminary title report for the subject property, dated within 1 year of the entitlement application, shall be submitted to the Public Works Department for review prior to grading plancheck or the issuance of any Building or Grading Permits .. 111. Inspection Hours - The applicant is advised that City Hall is closed on alternating Fridays, and as such, inspection services are not available on those particular dates. The applicant shall schedule any and all grading, stormwater, encroachment, paving and utility work requiring City inspection accordingly. A schedule of City Hall hours may be obtained from City Hall or at the City's website www.toaks.org.
112. Survey Monuments - The Applicant shall be fully responsible for the preservation of all survey monuments to the satisfaction of the City Engineer. Prior to the issuance of any permit and prior to the start of construction and disturbance or destruction of any existing survey monument(s), all monuments shall be located and referenced with minimum of four (4) ties by the Applicant's Land Surveyor. A corner record or record of survey shall be filed with and approved by the County Surveyor showing monuments that will be disturbed or destroyed, along with the reference monuments or marks and bearings or azimuth and distances to the location of the monument(s) to be disturbed or destroyed. Documentation shall be provided to the City that the surveying has been completed. Prior to completion of construction, all affected monuments shall be reset by the cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215: Z 2021-70216: SP 2021-70397:
DAGR 2021-70399: DP 2021-70214: LLA 2021-70398: PTP 2021-70400: and EIR 2021- 70442
applicant's Land Surveyor. A corner record or record of survey shall be filed with and approved by the County Surveyor prior to the recording of a certificate of completion for project. Documentation shall be provided to the City that the surveying has been completed.
WATER AND WASTEWATER
113. Water Service Requirements - In order to obtain water service, the applicant shall pay for the Cost of the Water Meter Deposit plus the City's Water Plant Investment Fee, at the rates in effect at the time of payment, prior to issuance of a building permit. Additional fees for special facilities zones and fire flow surcharges may also apply. The applicant shall also pay the established change order fee for updating the plans for this new lateral. 114. Location of Water Meter Boxes - Water meter boxes may not be located within driveways. It is the responsibility of the applicant and his engineer to properly coordinate and locate all water service lateral locations such that there is a single, unbroken/unrepaired service line between the main in the street and the meter box to each residence or building. In the event the configuration of the proposed building is revised and the meter box is then situated in a driveway, the applicant shall abandon the existing service by excavating the service at the main, closing the corporation stop, severing the service lateral approximately 12 inches beyond the corporation stop, folding and crimping this remaining portion of the service lateral and soldering the crimped pipe together. The remainder of the lateral may be abandoned in place, but the meter box must be removed and the area returned to a condition acceptable to the water purveyor. If service laterals are relocated, the applicant's engineer shall process a change order and pay any applicable charges for said change order.
115. Fire-Flow Verification - The applicant shall pay the Department a fee for calculation and verification of the existing water system to deliver required fire flows. In the event the fire flow, as determined by the Ventura County Fire Protection District, cannot be met utilizing the existing system, the applicant shall design and install new water main(s) of sufficient size and length, as determined by the Department, to provide said fire flow. A completed copy of the above-mentioned fire flow calculation must be provided to the Department before, or at the same time as, the submittal of the first plan check for the water system. Plans will not be checked or processed unless these calculations, along with a copy of the plan showing locations for proposed fire hydrants approved by the Fire Department, are submitted.
cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215: Z 2021-70216: SP 2021-70397:
DAGR 2021-70399: DP 2021-70214: LLA 2021-70398: PTP 2021-70400; and EIR 2021- 70442
116. Concrete Pads Around Fire Hydrants - Regardless of whether a fire hydrant is located within the parkway between the curb and sidewalk (where detached sidewalks are required), or behind the sidewalk (where monolithic sidewalks are required), or within commercial areas, the applicant shall install a 4-inch (minimum) thickness concrete pad around each fire hydrant which extends a minimum of 18 inches beyond the barrel of the fire hydrant in all directions. Where detached sidewalks are installed, the pad shall be rectangular, extend from the back of the curb to the sidewalk and be 48 inches wide. A detail for said concrete pad shall be shown on all water plans for all water purveyors within the City of Thousand Oaks. The hydrant and concrete pad must be located within a specific easement, right-of-way, or public service easement shown on the tract map or dedicated by separate instrument dedicated to or usable by the respective water purveyor and the Ventura County Fire Protection District, or by other means acceptable to the Public Works Department.
117. Separate Irrigation Meter I Over 5,000 SF Landscaping - Pursuant to State Assembly Bill No. 1881 (AB 1881 ), this project contains more than 5,000sf of irrigated landscape and therefore shall require a fully separate water meter for irrigation and landscaping. Said irrigation meter will require all water permit fees to be paid, each service lateral and meter box installed and approved by the City Public Works Inspector, and the appropriate backflow device(s) installed, tested and certified (by an approved independent testing firm hired by the applicant) prior to the installation of the irrigation meters by the Department. The City may lock off the angle meter stop at the meter until the applicant has accomplished all of the above. Any taking of irrigation water without being metered through a water meter is a violation of the Municipal Code Section 10-2.514, punishable in fines up to $1,000 per day for each day of illegal taking. 118. Cross Connection Device - The applicant shall design and construct new backflow connection devices for the project's irrigation water as well as fire sprinkler systems. Prior to the issuance of clearance for occupancy by the Department, all cross-connection control devices must be inspected and approved by the Cross Connection Control Specialist of the County of Ventura, telephone 805.654.2436 (TOMC 10-2.600). Full right of access and entry to the cross-connection device shall be granted to the Public Works Department.
·119. Cross Connection Inspection - Prior to the issuance of clearance for occupancy by the Department, all cross-connection control devices (typically found on fire sprinkler and irrigation systems) must be inspected cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
and approved by the Cross Connection Control Specialist of the County of Ventura, telephone 805.654.2436 (MC 10-2.601 Et seq.). It is noted that backflow prevention devices are mandatory for irrigation and fire sprinkler systems. Full right of access and entry to the cross-connection device shall be granted to the Public Works Department.
120. On-Site Water Facilities -Applicant's engineer shall design and construct, per City Water Design and Construction Standards, a minimum 8-inch system to provide domestic and fire service to the project. The waterline shall be designed to provide a loop between Hampshire Road and Foothill Road. An easement shall be dedicated to the City of Thousand Oaks. 121. Abandonment of Existing Water lines - Existing water lines and service lines serving the subject property which will not be used for the project shall be abandoned and terminated at the mainline in the street. The existing waterline serving the parcel from Foothill Road shall be abandoned at the mainline. Easements for abandoned water lines shall be quitclaimed at the applicant's expense.
122. On-Site Wastewater Facilities - Applicant's engineer shall design and construct on-site wastewater facilities per City Wastewater Design and Construction Standards. The existing 8-inch mainline adjacent to the northerly property line shall be abandoned and rerouted through the project site. The new mainline shall be 8-inch with an easement dedicated to the City of Thousand Oaks. Wastewater lines to serve proposed buildings will be private and may be 6-inch in diameter.
123. Abandonment of Existing Wastewater Lines - Existing wastewater service lines serving the subject property shall be abandoned and terminated at the mainline. Easements for abandoned wastewater lines shall be quitclaimed at the applicant's expense.
124. Revision to Wastewater Design and Construction Standards - For Cleanouts and Slopes of Mains: the end of all mains shall terminate in a manhole rather than a cleanout, regardless of the downstream length to the next manhole. The minimum slope for wastewater mains shall be 1 percent where the main has less than 10 residences connected to said main. In streets with grades of less than 1.5 percent, the engineer shall attempt to attain the maximum slope possible on wastewater mains in those streets.
cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
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For manholes: Standard Plates 17 through 20 are modified to provide that all joints between the barrel sections/riser shafts and/or cone sections shall be wrapped around the exterior circumference of the shafts with "Rub-RNeck" and joints sealed with "Ram-Neck" mastic joint sealer (both as manufactured by the Henry Company Sealants Division, 1277 Boyles Street, Houston, Texas 77020) or approved equal. Manholes shall be negative pressure tested as specified in ASTM Designation C 1244-93.
Steps shall not be installed in the manholes.
For manhole frame and covers: The Alhambra A-1254 frame and cover specified on Standard Plate 17 shall have a cover diameter of 26¼ inches, along with lettering conforming to Section 3.10 of the City's "Wastewater Design and Construction Standards". A note shall be shown on the title sheet of the wastewater plans indicating the last two revisions mentioned above for manhole construction.
125. Procedure for Determination of Wastewater Fees - Prior to issuance of a building permit for this project, applicant shall submit a plumbing plan and a listing of proposed fixture units for the subject project to the Public Works Department for determination of a "preliminary" wastewater connection fee estimate. The plan and listing will be reviewed for apparent correctness only and the applicant shall pay the wastewater connection fee based on this "preliminary" estimate at the time a building permit is issued. The final fee amount to be paid by the applicant will be based on the actual numbers and types of plumbing fixture units installed as determined by City staff from a field count made of the project building(s) before certificate of occupancy is granted. Any difference between the actual/field verified fixture unit count and the total amount paid will be reimbursed to the applicant. If additional connection fees are due, these shall be paid by the applicant to the City upon request. Any existing fixture units for which fees have been previously paid on the parcel will act as a credit against the amount to be paid. 126. Restaurant/Cafeteria Grease Interceptor/Trap - The applicant shall install a grease interceptor (sized as required by the City's Building and Safety Division) to collect and treat oil and grease wastes from the restaurant prior to discharge to the wastewater system.
DEVELOPMENT ENGINEERING
127. Encroachment Permit - Where any construction occurs within public rightof-way, an encroachment permit shall be obtained, plan check and inspection fees paid, an approved traffic control submitted, and cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
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bond/security posted (if required) prior to initiating construction of any improvements.
128. Easement Conflicts - The applicant shall review the subject property's title report prior to starting the proposed construction and confirm the location of any existing easements on the project property. Existing easements, no longer required for the project, which conflict with proposed improvements shall be quitclaimed at the applicant's expense.
129. Utility Undergrounding - The applicant may request an Underground Utility Waiver through the Community Development Department for the undergrounding of overhead utilities on Foothill Road. If approved, the applicant shall provide an estimate prepared by all affected utility companies (SCE, AT&T, Spectrum, Frontier, etc) indicating the costs of undergrounding all utilities except 66Kv lines along the frontage of the project, including the removal of the poles. Said estimate shall also include the construction and trenching costs associated with the undergrounding.
The overall estimate shall then be submitted to the Public Works Department for review. Upon approval of the estimate, the applicant shall pay to the City an amount equal to 110 percent of said cost estimate, thereby fulfilling the applicant's entire obligation to underground the overhead utility lines. Monies collected and accumulated will be used to fund a future City undergrounding project.
130. Underground Conduits - Pursuant to City Council policy and Resolution No. 91-174, adopted on July 23, 1_991, the applicant shall install a minimum two-inch diameter conduit capable of carrying coaxial or fiber optic cable suitable for carrying health and safety features such as fire alarm, water meter reading, telecommunications, etc. Said conduit shall be continuous and placed behind the sidewalk or curb within a public service easement or within a public right-of-way, where applicable. Pull boxes shall be placed at alternate property lines of all lots. The conduit and pull boxes shall be of materials approved by the Public Works Department. The conduits and pull boxes shall be dedicated to the City. The architecture and technical specifications of the conduit system shall be subject to the review and approval of the City Engineer. A 1"=100' scale plan shall be prepared under the direction of a Registered Engineer and shall be submitted to the City Engineer for review prior to approval of the final map or improvement plans.
The plan shall include details and general notes and shall be part of the plan set.
cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215: Z 2021-70216; SP 2021-70397:
DAGR 2021-70399: DP 2021-70214: LLA 2021-70398: PTP 2021-70400; and EIR 2021- 70442
131. Noise Abatement Prior to Commencement of Working Hours - During grading and construction operations the contractor may not start up any vehicles or any gas or diesel powered equipment prior to the start of approved working hours, cause any other construction related noise, or allow employees or subcontractors to keep their vehicles running while parked. D
132. Blasting - If blasting is found to be necessary within the project boundaries, a modification to the grading permit shall be required, whereupon special provisions relating to the protection of adjacent residential areas from damage shall be made a part of said grading permit.
133. Hauling of Exported Materials - Prior to issuance of a grading permit the applicant shall submit a written plan to the Public Works Department for review and approval specifying the quantity of earth to be exported, the location which the earth will be taken, the proposed haul routes to be used, the size and numbers of the trucks to be used, the proposed hours of operation (times of day, days of the week, and estimated number of days), the estimated number of round trip truck movements, the proposed methods to be utilized to keep the haul route clear of any dirt dropped along the route, and any other information as may be required by the Department. 134. Grading Permit and Soils Certification - The applicant shall prepare and submit final grading plans, improvement plans, erosion control plans, BMP improvement plans, geotechnical soils reports, supporting hydrology and hydraulic calculation reports, title report, and other items as required by the City Engineer in order to obtain a grading permit in accordance with the requirements of the City's Grading Ordinance. Applicant shall also prepare and submit detailed erosion control plans for both phases of land development; the pre-grading / site stabilization phase, as well as the post grading/ building construction phase. The grading and improvement plans submitted to the City for plancheck shall at a minimum indicate all topography, proposed improvements, drainage features, water/wastewater connections and laterals, existing easements, interface with adjacent properties, storm drain and drainage systems, and street improvements.
All submittals shall include the completed public and private improvement cost estimate worksheets, the required plancheck and inspection fees, and the posting of the required grading bond prior to the start of any construction. After the grading is complete, the applicant shall submit a building pad compaction report and a rough grading certificate from the soils engineer prior to issuance of a building permit. Grading bonds shall be exonerated after satisfactory completion of the project punchlist items, cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
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which are generated after the applicant's engineer provides a submittal of the final Record (as-built) Drawings.
135. On-site Run-off - On-site storm water shall be intercepted within the project boundaries in approved pick-up structures, treated and retained and/or conveyed to the nearest public street or existing storm drain system to the maximum extent practicable, as approved by the City Engineer (TOMC 7-3.09 and 7-3.21 ).
136. On-Site Drainage Design - Project design shall use the City of Thousand Oaks "Master Plan of Drainage" (2007) for the purpose of establishing onsite storm flows. 137. On-Site Drainage - - Project design and engineering plans shall show drainage flows to street and/or on-site drains and elevations. 138. Drainage Study - The applicant's engineer shall prepare a hydraulic/ hydrology analysis for the project. The study shall include, but is not limited to addressing offsite tributary flows, retention/detention, inlet hydraulics and storm drains and appurtenances intended to convey and treat project storm discharges. The focus of the study is to ensure the existing conveyances possess sufficient capacity to pass the 010 (developed) and to demonstrate that no new flooding will occur adjacent to or upon the property during a 0100 event as a result of development. The study shall be subject to the review and approval of the City Engineer prior to grading permit issuance. 139. On-site Ribbon Gutters - The City prohibits the use of ribbon gutters, unless otherwise approved as noted below, and encourages the use of graded parking lots with perimeter curb and gutter to convey flow away from pedestrian pathways. Parking lot and drive drainage shall conform to this standard. The use of ribbon gutters will only be considered under special circumstances as determined by the Public Works and Community Development Directors (TOMC 9-4.2405).
140. Driveway Construction - The proposed driveways shall be constructed per Plate No. 6-1 and 6-4 of the Road Standards. The sidewalk must conform to the cross section as shown on Plate 6-2 and the applicant must grant an additional easement to the City covering the entire length of the sidewalk across the driveways.
141. Street Improvements - The applicant shall dedicate additional ingress /egress easements to accommodate for public sidewalks and turn lanes in cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
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to the project. The design of the turn lanes shall maintain a minimum 2% crossfall from the street centerline to the lip of the gutter. 142. Parking Structure Drainage - The City prohibits the discharge of pressure-washing effluent, antifreeze and motor oils into either the wastewater system or storm drain system. Inasmuch as these are the anticipated discharges from the interior of the parking structure, the applicant shall incorporate a blind sump containment area within the parking structure designed to capture and store such discharges. Provisions shall be provided for periodic pump-out of the blind sump via tanker truck with disposal in conformance with all local, state and federal regulations. The roof and other surfaces of the parking structure directly exposed to rainfall may be drained and discharged in accordance with NPDES design parameters for a normal, rainfall-exposed surface parking lot. 143. Existing Improvements - Existing improvements adjacent to the property, including but not limited to sidewalks and curb & gutter which are broken or uneven shall conform to City and ADA standards, and if deemed necessary by the City Engineer, shall be repaired or replaced.
144. On-site Improvement/ Paving Permit- The applicant shall submit for and obtain an on-site paving and improvement permit. An approved pavement section from the registered soils engineer of record shall accompany the permit application, along with payment of plan check and inspection fees, prior to initiating the construction of on-site parking, paving, and/or drainage improvements (TOMC 9-4.2405).
145. Existing Retaining Wall - The existing retaining wall along the westerly property line, adjacent to Foothill Drive, shall be evaluated for structural stability by a licensed engineer. The report shall evaluate the structural stability of the wall, fill behind the wall, sidewalk, curb and gutter, and pavement of Foothill Drive. Report shall be submitted to Public Works and Community Development Departments for review.
146. Detention of Onsite Storm Flows - The applicant's engineer shall prepare a hydraulic/hydrology analysis for the site and design onsite catch basin(s) and conveyances which will pass only the 010 (developed) flows into the public storm drain system. All flows in excess of 010 (developed) up to and including 0100 (developed) must be detained on-site. A simplified detention method is available for this site.
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NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM
147. MS4 Stormwater Retention Requirements - The project meets the thresholds requiring stormwater treatment and site retention specified in the Ventura County NP DES Municipal Stormwater Permit (MS4) and 2011 Technical Guidance Manual (TGM). The project shall design, construct and maintain treatment and retentive catchments that will capture, treat and retain all rainfall runoff from disturbed and directly-connected impervious areas affected by the project. The design shall function for the 85 th
percentile average annual storm rainfall events, including drawdown and elimination of the captured runoff within 72-hours of each rainfall event. The treatment of the site's pollutants of concern shall be addressed through coarse sediment pretreatment followed by vegetative contact and biofiltration, and other natural biological processes prior to groundwater percolation. Captured and treated runoff may also be used for rainwater harvesting and on-site re-use. Further details and design requirements are available at www.vcstormwater.org.
148. Stormwater Quality Master Plan - The Owner shall submit a Stormwater Quality Master Plan for the review and approval of the Public Works Department prior to the issuance of a grading permit. The plan shall include identification and locations of site-use pollutants of concern stemming from particular site-uses, identify permanent Best Management Practices (BMP's) to address the identified POC's, associated design sizing computations, inspection and maintenance frequencies, and depicted upon a site map in support of the property Covenant and Deed Restriction for the ongoing maintenance of permanent BMP's.
149. Landscaped Areas/ Roof Drains - Landscaped areas shall be designed with efficient irrigation to reduce runoff and promote surface filtration and minimize the use of fertilizers and pesticides which can contribute to urban runoff pollution. Unless otherwise recommended in the soils report, on-site stormwater discharges (including roof drains if applicable) shall be directed toward landscaped areas. Applicant may employ pervious landscaping design, rainfall capture pocket-planters, and other L.I.D. techniques and measures to the maximum extent practicable.
150. Equipment Cleaning Area - Food facilities shall be designed with contained areas for cleaning mats, equipment, and containers. This wash area shall be inside, or covered and designed to prevent run-on or run-off from the area. The area shall not discharge to the storm drain; wash-waters shall drain through a grease interceptor to the sanitary sewer or be collected cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
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for ultimate disposal to the sanitary sewer. Employees shall be instructed and signs posted indicating that all washing activities be conducted in this area. Sanitary connections are subject to the review, approval, and conditions of the City of Thousand Oaks wastewater treatment plant. 151. Inlet Labels -All on-site drain inlets, whether newly constructed or existing, shall be labeled "Don't Dump - Drains to Creek" in accordance with City requirements prior to final acceptance.
152. Site Construction Erosion I Pollutant Runoff Control - The applicant shall design and install all required erosion control measures to prevent the migration of soil, pollution or debris onto the public right-of-way or storm drains during the construction and grading operations. Said erosion control plans shall be in accordance with the California Association of Stormwater Quality Agencies, Stormwater Best Management Practice Handbook for Construction (latest edition), and submitted to the Department for review and approval prior to issuance of any paving, grading or encroachment permits. All erosion control measures shall be subject to modification by the Department, as field conditions warrant.
153. Trash/Recycling Areas - The applicant shall provide adequately sized and properly placed trash enclosure spaces in order to house project demands for trash, recycling and organics collection located in suitable areas of the project site. Trash enclosure spaces shall be covered and shall be designed in accordance with the City's latest Refuse Enclosure Space Requirements. Receptacles for trash, recyclables and organics shall be available within each enclosure space. All litter/waste material shall be kept in leak proof containers. Areas shall be paved with impermeable material and include zero-slope upon interior slabs, and shall not drain to the storm drain system nor the sanitary sewer, shall not have a hose-bib or other water supply, and all cleaning shall be performed using dry cleanup methods. No other area shall drain onto these areas. The trash enclosure areas and their placement shall be designed to accommodate the above considerations, as well as access requirements of the City's waste hauler.
Compactor units that are self-contained and watertight may remain exposed to rainfall provided the surrounding area is frequently inspected and cleaned.
154. StOrmwater Pollution Prevention Plan and Notice of Intent (SWPPP) - Prior to the issuance of any grading permit and/or the commencement of any clearing, grading or excavation, the applicant/owner shall submit a Notice of Intent (NOi) to the California State Water Resources Control cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
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Board, Storm Water Permit Unit, in accordance with the NPDES Construction General Permit (No. 2009-009-DWQ including amendments).
The applicant/owner shall provide the City with a WDID number or proof of the NOi submittal. The applicant/owner shall comply with all additional requirements of this General Permit including preparation of a Stormwater Pollution Prevention Plan (SWPPP). The SWPPP shall be prepared by a certified QSD, fully comply with RWQCB requirements and contain specific BMPs to be implemented during project construction to reduce erosion, sedimentation and pollutant migration to the maximum extent practicable.
A copy of the adopted SWPPP shall be maintained in the construction site office at all times during construction and the site superintendent shall use the plan to train all construction site contractors in site Best Management Practices prior to starting work on the site. At a minimum, the following BMPs and requirements shall be included:
i.Pollutant Escape: Deterrence
ii.Pollutant Containment Areas
iii.Pollutant Detainment Methods
iv.Sediment control and capture
v. Erosion Control / Dust Control
vi. Recycling/Disposal
vii.Hazardous Materials Identification and Response
155. Deed Restriction Regarding Best Management Practices (BMPs) - Prior to issuance of occupancy, the applicant/owner shall record a Stormwater Covenant and Deed Restriction, requiring all property owners and their successors in interest to assume all duties and responsibilities for ongoing maintenance of all onsite permanent stormwater BMP's, including, but not limited to, maintenance of all Best Management Practice and any and all equipment which is required for implementation of Best Management Practices. Contained within the Covenant and Deed Restriction must be a description of the BMP's that are being provided as part of the project, a description of the inspection and maintenance requirements and procedures, and a site map indicating the location of the BMP's to be maintained. The draft language and contents included in the Covenant and Deed Restriction shall be submitted to the City Attorney's Office and Public Works Department for review and approval prior to issuance of building/paving/grading permits (TOMC 7-8.401 (c)).
156. Rainwater Harvesting - The City encourages capture and re-use of rainwater for irrigation purposes. Prior to grading plan check, the applicant shall prepare and submit a descriptive summary to specify the design and cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
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operational approach for the capture/re-use system pertaining to the following issues :
• Whether the system is a rain barrel (small quantity under 100 gallons) or cistern (specify large quantity);
• Describe or show by map/sketch the square footage of the subject impervious tributary area targeted for intercept and capture; • Describe or show by map/sketch the square footage of the subject vegetative area intended to receive irrigation from the capture system; • Method of pre-screening runoff to avoid fouling of collected water.
Specify any chemicals or additives intended for use in preserving or treating captured water;
• If a dual/supplemented system, the method of backflow to avoid contamination of the public potable water supply;
• Sample signage that will be placed in proximity to each irrigation head/outlet indicating the presence of non-potable water being unfit for consumption
Maintenance procedures and schedule intended to ensure system will function as intended and presents no threat or nuisance to public health and safety
TRAFFIC
157. Traffic Mitigation Fees - The applicant acknowledges that the subject development will impact traffic and agrees to provide for the mitigation by depositing with the City of Thousand Oaks the appropriate non-refundable fees no later than prior to the issuance of building permits. 158. Bicycle Racks - Prior to issuance of building permit inverted "U" shaped bicycle racks shall be installed per the green building code. The racks shall be provided near building entrances or in a manner acceptable to the City Engineer.
159. Signing, Striping and Signal Plans - Prior to issuance of grading permits, the applicant shall submit plans to the City Traffic Engineer for review and approval detailing all existing signing, striping and traffic signals on the subject property and the adjacent City streets. This will be verified in the field by staff and not accepted until complete and accurately drawn. The plans will also show all proposed changes to the signing, striping and traffic signals that will be installed in conjunction with development of the site, related street improvements and modification to traffic signals. Signing, cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
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striping and signal work shall be shown on a plan sheet separate from proposed street improvements.
Prior to occupancy permits, all new and required modification to signing, striping and traffic signals shall be constructed and approved by the City Traffic Engineer.
160. Sight Distance - Adequate vehicular and pedestrian sight visibility shall be provided at all intersections of public streets and private driveways in accordance with the criteria specified within Plate 3-10. The improvement plans for all projects shall demonstrate compliance with this plate (and a means to execute on-going maintenance to guarantee preservation of sight visibility).
Stopping sight distance shall be the principal criteria in determining the appropriate location of on or off-site improvements. It is especially critical that mature landscaping be considered in evaluating visibility, not just the barren ground. Stopping sight distance less than the minimum criteria as specified within Plate 3-10 shall be reviewed and approved by the Planning Commission, if determined necessary by the City Traffic Engineer or the Community Development Department. Where applicable, CC&R's shall require continued compliance with this condition and the requirements contained within Plate 3-10.
161. Signs - Prior to occupancy, all signs shall be installed, and prior to final acceptance, the city may require the applicant to add traffic safety devices, such signing and striping, the need for which are not apparent at time of plan approval, but which are warranted due to actual field condition. The applicant shall install the traffic safety devices prior to final acceptance.
VENTURA COUNTY FIRE PROTECTION DISTRICT
162. Very High Fire Hazard Severity Zone - This project is in a Very High Fire Hazard Severity Zone and all structures shall meet hazardous fire area building code requirements. Contact the Building Division for requirements. 163. Fire Department Clearance - Applicant shall submit VCFD Form #610, Fire Permit Application, prior to obtaining a building permit for any new structures.
164. Access Point(s) on Roads - Roads shall be provided such that any portion of the exterior walls, at grade level, of a building or structure, is not more cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
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than 150 feet from a road as measured by an approved route around the exterior of the building. Exception: The distance shall be permitted to be extended to 250 feet when the building is protected by an automatic fire sprinkler system in accordance with NFPA 13 and provided with an approved access walkway leading from the road to the exterior openings around the structure.
165. Aerial Fire Apparatus Access - Private roads shall comply with Public Road Standards. Multi-Family, Commercial or Industrial Buildings or portions of buildings or facilities with perimeter eave lines exceeding 30 feet in height above the lowest level of fire department access shall require an approved aerial ladder fire apparatus access road. One aerial apparatus access road shall be provided per 50,000 s.f. of building area. Aerial fire apparatus access roads shall have a minimum clear width of 30 feet (proposed bump-outs at the crosswalks of the north/south internal drive are acceptable). At least one of the required access routes meeting this condition shall be located a minimum of 15 feet and a maximum of 30 feet parallel to one side of the building(s), as approved by the Fire District.
Parking shall be prohibited along the required width of the access roads.
Overhead utility and power lines shall not be located within the aerial ladder fire apparatus access roads. Landscaping and other improvements between the required access and the buildings shall not interfere with aerial ladder fire apparatus operations, as approved by the Fire District. 166. Access Road Width, Private Roads/Driveways - Private roads shall comply with Public Road Standards.
• Access road width of 36-feet shall be provided for residential use with parallel parking permitted on both sides.
• Access road width of 32-feet shall be provided for residential use with parallel parking permitted on one side.
• Access road width of 24-feet shall be required with no on-street parking permitted
167. Access Road Certification - The access road(s)/driveway(s) inclusive of bridges, culverts, and other appurtenant structures which supplement the roadway bed or shoulders, shall be certified by a registered civil engineer as having an all-weather surface in conformance with the City of Thousand Oaks Public Works and/or Fire District standards. This certification shall be submitted to the Fire District for review and approval prior to occupancy. cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
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168. Access Road Gates -Any gates to control vehicle access are to be located to allow a vehicle waiting for entrance to be completely off the intersecting roadway. A minimum clear open width of 15 feet in each direction shall be provided for separate entry/exit gates and a minimum 20 for combined entry/exit gates. If gates are to be locked, a Knox system shall be installed.
The method of gate control, including operation during power failure (battery back-up), shall be subject to review by the Fire Prevention Division. Gate plan details shall be submitted to the Fire District for approval prior to installation. A final acceptance inspection by the Fire District is required prior to placing any gate into service.
169. Road Surface Construction and Grade Limitations - Fire apparatus access roads serving commercial and industrial occupancies shall have a structural cross section and surface complying with the public road standards for the jurisdiction in which the project is located and grades shall not exceed 10%.
170. Vertical Curve - The vertical curve of fire apparatus access roads shall not allow for transitions between grades that exceed 6% elevation change along any 10-foot section. These transitions shall include angle of approach, angle of departure and high centering of fire apparatus.
171. Vertical Clearance - All access roads/driveways shall have a minimum vertical clearance of 13 feet 6 inches (13' 6"). Clear of building to sky. 172. Roadway Extensions - Where the access road extends beyond the access point, the extended roadway shall comply with all of the requirements for fire apparatus access roads.
173. Construction Access Utilities - Prior to combustible construction, all utilities located within the access road and the first lift of the access road pavement shall be installed. A minimum 20-foot clear width shall remain free of obstruction during any construction activities within the development once combustible construction starts.
17 4. Fire Lanes - Prior to construction the applicant shall submit two (2) site plans to the Fire District for approval of the location of fire lanes. Prior to occupancy, all fire lanes shall be posted "NO PARKING-FIRE LANE-TOW AWAY" in accordance with California Vehicle Code, the California Fire Code and current VCFPD Fire Lane Standards. All signs and or Fire Lane markings shall be within recorded access easements.
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175. Fire Hydrant(s) Required - Fire hydrant(s) shall be provided in accordance with current adopted edition of the California Fire Code, Appendix C and adopted amendments. On-site fire hydrants may be required as determined by the Fire District.
176. Fire Hydrant Design (Commercial, Industrial, Multi-family buildings) - Fire hydrants shall be installed and in service prior to combustible construction and shall conform to the minimum standard of the City of Thousand Oaks Public Works Water Works Manual and the following. a. Each hydrant shall be a 6-inch wet barrel design and shall have one 4-inch and two 2 ½-inch outlet(s).
b. The required fire flow shall be achieved at no less than 20-psi residual pressure.
c. Fire hydrants shall be spaced 300 feet on center and so located that no structure will be farther than 150 feet from any one hydrant. d. Fire hydrants shall be set back in from the curb face 24 inches on center.
e. No obstructions, including walls, trees, light and signposts, meter, shall be placed within three (3) feet of any hydrant.
f. A concrete pad shall be installed extending 18 inches out from the fire hydrant.
g. Ground clearance to the lowest operating nut shall be between 18 to 24 inches.
177. Fire Flow (Commercial, Industrial, Multi-family buildings) - The minimum fire-flow required shall be determined as specified by the current adopted edition of the California Fire Code Appendix B with adopted Amendments and the applicable Water Works Manual for the jurisdiction (whichever is more restrictive). The applicant shall verify that the water purveyor can provide the required volume and duration for the project prior to obtaining a building permit by having them fill out VCFD Form #625, FireFlow Verification. 178. Water System Plans - Plans for water systems supplying fire hydrants and/or fire sprinkler systems and not located within a water purveyor's easement, shall be submitted to the Fire District for review and approval prior to issuance of grading and/or building permits or signing of grading plans, whichever is first. Plans shall reflect only dedicated private fire service lines and associated appurtenances. Plan shall be design and submitted with the appropriate fees in accordance with VCFPD Standards
14.5.3 and 14.7.2.
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179. Fire Sprinklers - All structures shall be provided with an automatic fire sprinkler system in accordance with current VCFPD Ordinance at time of building permit application.
180. Standpipe Systems - Standpipe systems shall be installed in accordance with California Building and Fire Code requirements.
181. Fire Alarm System - A fire alarm system shall be installed in all buildings in accordance with California Building and Fire Code requirements. 182. Fire Alarm/Sprinkler Monitoring Plans - Plans for any fire alarm system or sprinkler monitoring system shall be submitted, with payment for plan check, to the Fire District for review and approval prior to installation. 183. Emergency Lighting and Exit Signs - Emergency lighting and exit signage shall be installed in all buildings in accordance with California Building Code and California Fire Code requirements.
184. Building Plan Review - Building plans of all A, E, I, H, R-1, R-2, or R-4 occupancies shall be submitted, with payment for plan check, to the Fire District for review and approval prior to obtaining a building permit. 185. Fire Extinguishers - Fire extinguishers shall be installed in accordance with California Building Code and California Fire Code requirements. The placement of extinguishers shall be subject to review by the Fire District. 186. Panic Hardware - All exit doors shall be provided with panic hardware when serving A, E, I occupancies with an occupant load of 50 or more persons.
187. Walkways - Approved walkways shall be provided from all building openings to the public way or fire department access road/driveway. 188. Walk and Pedestrian Gates - If gates are to be locked, a Knox system shall be installed. The method of gate control, including operation during power failure (battery back-up), shall be subject to review by the Fire Prevention Division. Gate plan details shall be submitted to the Fire District for approval prior to installation. A final acceptance inspection by the Fire District is required prior to placing any gate into service. 189. Ground Ladder Access - Access around the building shall be provided to allow for laddering the building, at a maximum 75-degree angle, to reach cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
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emergency escape and rescue openings below the fourth story above the grade plane. A three (3) foot clear working space shall be provided around the ladder at ground level.
190. Exterior Exit Stairway - Emergency escape and rescue openings shall be provided in Group R occupancies. Such openings shall discharge directly to the exterior of the building. The exit discharge shall be at grade or shall provide a direct path of egress travel to grade. The exit discharge shall not reenter a building. An exterior exit stairway is required to provide a path of egress from the podium deck to grade and ground ladder access to the podium deck.
191. Emergency Planning and Preparedness - The owner/applicant and all occupants of buildings shall comply with the Fire Department requirements for Emergency Preparedness Requirements as indicated under the California Fire Code, Chapter 4 "Emergency Planning and Preparedness", and CCR Title 19 Sec 3.09. All required records and documentation shall be available for review by the Fire Department upon request. 192. Address Numbers (Commercial, Industrial, Multi-family buildings) - Building address numbers, a minimum of ten inches (1 0") high, shall be installed prior to occupancy, shall be of contrasting color to the background, and shall be readily visible at night. Brass or gold-plated numbers shall not be used. Where structures are set back more than 150 feet from the street, larger numbers will be required so that they are distinguishable from the street. In the event a structure(s) is not visible from the street, the address number(s) shall be posted adjacent to the driveway entrance on an elevated post. Individual unit numbers shall be a minimum of 4 inches in height and shall be posted at the front and rear entrance to each unit. Additional address directional signs may be required at common building entrances and stairways.
193. Address Directory - An address directory shall be provided at all entrances to the project at locations approved by the Fire District. Design shall be in accordance with Fire District Addressing Standards. Directory plans shall be submitted to the Fire Prevention Division for review and approval prior to installation.
194. Address Number Plan - A plan shall be submitted to the Fire District for review indicating the method in which buildings are to be identified by address numbers.
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195. Accessory Room Door Labeling - All accessory room doors shall be labeled on the doors indicating use of the room (i.e., Electrical Room, Riser Room, Fire Alarm Panel Inside, Storage Room, Janitor, Roof Access, etc.). 196. Knox Device - Exterior access leading to fire sprinkler riser rooms and alarm control panels shall be provided with a Knox Box for emergency access.
POLICE DEPARTMENT
197. Door Security Hardware - Exterior double doors shall have an astragal constructed of steel or aluminum a minimum of .125" thick, which will cover the opening between the doors. The attachment of the astragal shall comply with all applicable provisions of the Fire Code. Exterior, outward opening single doors shall have the appropriate type of latch guard installed so as to prevent the violation of the latch and strike. The latch guard shall be a minimum of .125" thick and extend a minimum of six inches above and below the door latch or deadbolt. Doors utilizing rim and cylinder locks shall have heavy-duty cylinder guards installed. All outward opening exterior doors shall have hinges equipped with non-removable hinge pins or a mechanical interlock (set screws) to prevent removal of the door from the outside by removing the hinge pins.
198. Address Identifiers - All resident addresses will be clearly marked on the doors of their units. Additionally, all four sides of the residential structures will be marked with the main street address for easy viewing from the street level. Map signs of the location will be placed at all vehicular and pedestrian entrances to residential units.
Map signs of the location will be placed at all vehicular and pedestrian entrances to residential units.
199. Lighting - Weather and breakage resistant covers shall protect all exterior lighting. Exterior lighting fixtures will be fully enclosed to minimize tampering and breakage. After hours exterior lighting shall provide sufficient illumination to allow viewing of the exterior of the buildings and parking areas. Interior after hours lighting is also highly recommended. The use of metal halide fixtures is preferred over high-pressure sodium fixtures, since metal halide provides superior illumination and color rendition. 200. Landscaping - Landscaping shall not cover, nor partially cover any exterior door or window. Landscaping, including trees, will not be placed directly under any overhead lighting that could cause loss of light at ground level. cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
All landscaping will be kept trimmed in order to provide an unobstructed view of the building from adjacent walkways. The standard CPTED (Crime Prevention Through Environmental Design) landscaping rules of "two foot/ six foot" shall apply to the property (No shrubbery shall be higher than 2 feet and lower the tree canopy shall not grow below 6 feet). This will reduce concealment areas and keep the area well-lit during darkness hours. 201. Stairwells - Stairwells leading to additional floors in the enclosed areas will either have (1) mirrors, (2) an open stairs concept, (3) half-wall concept or (4) any combination of the aforementioned, to allow the traveler to view up or down to the next floor for the purposes of an increased field of view and reduced blind spots.
Additionally, any stairwell or doors leading from the public area to any residential area is to be accessed by key-fob, key, punch code or other control device as to restrict access from the general, non-residing public.
This includes all exterior doors on the perimeter of the residential portion of the project. The doors will have emergency access via a "Knox Box" or similar security device. A generic code for door access will also be provided to Sheriff's Dispatch at 805-654-9511 if coded. Any code changes need to be provided to Sheriff's Dispatch ASAP.
202. Parking Structures - Install a digital, color, CCTV security camera system on each level of the parking structures. Cameras shall cover the parking areas as well as the pedestrian and vehicular egress and ingress points.
Cameras shall provide good image quality during all hours of operation. It shall be a requirement that a minimum of the past 72 hours of recorded activity be retained by staff and be available upon request by the Police Department. The interior staircases shall be of the open construction variety in order to minimize blind spots and areas of concealment. Security mirrors shall be placed in the stairwells and parking structure interior.
All exterior openings in the structure's walls shall be secured with decorative metal grids to minimize unauthorized pedestrian entry. The concrete flooring of the structure shall be rough swirled to prevent skateboarding, rollerblading, etc.
For the safe movement of vehicles and pedestrians, lighting levels should be evenly distributed to provide uniform illumination of the entire parking area. Care should be given to prevent the casting of glare and spillover lighting outside of the structure. The applicant shall comply with the following lighting requirements in the proposed parking structure:
cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
CONDITIONS OF APPROVAL FOR LU 2021-70215; Z 2021-70216; SP 2021-70397; DAGR 2021-70399; DP 2021-70214; LLA 2021-70398; PTP 2021-70400; and EIR 2021- 70442
o A minimum five-foot candles at the floor level shall be provided on interior driving aisles, at all times.
o The roof parking area shall have a minimum maintained one-foot candle at floor level during hours of darkness.
o Interior parking spaces at barrier and railings shall have a minimum maintained one-foot candle at floor level at all times. o Stairways, ramps and exits shall have a minimum maintained tenfoot candle at floor level at all times.
The lighting for the parking structure shall be controlled by photocell and shall remain on during hours of darkness and diminished lighting.
It is recommended that the interior walls and ceiling of the parking structure be painted with a light, reflective color to maximize lighting efficiency.
All entrances to the parking structure shall be posted with signs indicating the structure is under 24-hour video surveillance. All driveway entrances shall be posted with appropriate signs per 22658(a) of the California Vehicle Code to assist in removing abandoned vehicles on the property. 203. Mailboxes - If a cluster box is used, it shall be placed in an area conducive to surveillance.
204. Trash Enclosures - Exterior trash enclosures shall be kept closed/locked during non-business hours to discourage, loitering, illegal dumping and theft. Trash enclosures will be constructed to have outside visibly to reduce the possibility of camping or sleeping in the area.
205. Video Surveillance System - Will be required for a 360 degree view around the facility. The surveillance system will be HD quality, have night vision capabilities and be able to retain video data for no less than 14 days.
The police department reserves the right to mandate an additional increased data retention period should it deem it necessary. 206. Roof Access - Roof access must be secured with locking doors or any other mechanism to restrict access for non-public areas. 207. Other Security Concerns - The business will correct any safety or security concerns upon written notice by the Thousand Oaks Police Department. *****
cdd:420-46/Resolution-PC/pz (FILE ID: DP 2021-70214)
Item No. 8A
Item No. 8A
TO: Planning Commission
FROM: Kelvin Parker, Community Development Director
DATE: June 8, 2022
SUBJECT: Proposed Mixed-Use Development
APPLICATIONS: General Plan Amendment (LU) 2021-70215; Zoning Change (Z) 2021-70216; Specific Plan (SP) 2021-70397;
Development Agreement (DAGR) 2021-70399;
Development Permit (DP) 2021-70214; Lot Line Adjustment (LLA) 2021-70398; Protected Tree Permit (PTP) 2021-70400; and Draft Environmental Impact Report (EIR) 2021-70442
APPLICANT: IMT Capital V Hampshire, LLC
LOCATION: 325 and 391 Hampshire Road
Assessor’s Parcel Numbers (APNs): 676-0-150-375 and 365 (Attachments #1-3)
RECOMMENDATION:
Recommend City Council Certify and Adopt Final Environmental Impact Report 2021-70442 in accordance with the California Environmental Quality Act; approve the below listed requests based on the findings and subject to the recommended conditions of approval included in the attached Resolution (Attachment #4); and adopt Ordinances (Attachment #5).
The subject item was continued from the May 23, 2022, Planning Commission meeting to allow additional time for the applicant and City to review and assess additional correspondence submitted after publication of the May 23, 2022 project staff report. Additional correspondence included public agency comments pertaining to the Notice of Availability for the Draft Environmental Impact Report prepared for the project.
Approval will involve the following applications outlined below for construction of two mixed-use buildings and 13 “townhome-style” apartment buildings with 420 residential units, 15,000 square-feet (s.f.) of retail space, two subterranean parking structures, landscape, hardscape, and grading, including a leasing office, community rooms, live/work units, and pool with barbeque area to be developed in two construction phases:
ATTACHMENT #8
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
1. Environmental Impact Report (EIR) 2021-70442: Consider the Final Environmental Impact Report and Statement of Overriding Considerations prepared in accordance with the California Environmental Quality Act (CEQA) for the subject project.
2. General Plan Land Use Amendment (LU) 2021-70215: Amend the General Plan designation of Commercial to Commercial/Residential.
3. Zone Change (Z) 2021-70216: Change the zoning designation of Neighborhood Commercial (C-1) to Specific Plan-22 (SP-22).
4. Specific Plan (SP) 2021-70397: Adopt SP-22 to establish specific development standards for the subject development areas.
5. Development Agreement (DAGR) 2021-70399: Specify public and private benefits and responsibilities related to the project.
6. Development Permit (DP) 2021-70214: Construction of 420 residential units distributed across two, four-story, podium style mixed-use buildings and 13, three-story, townhome apartment buildings, including a 5,000 s.f. two-story stand-alone amenity building, and trails, pocket park, dog park, dining plazas, and seating areas.
7. Lot Line Adjustment (LLA) 2021-70398: Adjust property lines to establish two legal lots of record; one lot for the proposed townhome apartment buildings and one for the proposed mixed-use buildings.
8. Protected Tree Permit (PTP) 2021-70400: Allow removal of three (3) coast live oak (Quercus agrifolia) trees and encroachment into the protected zone of two (2) coast live oak (Quercus agrifolia) trees and two (2) California sycamore (Platanus racemosa) trees.
BACKGROUND
Project Site
The project site consists of two parcels totaling 10.97-acres at 325 and 391 Hampshire Road, generally located south of US 101, west of Hampshire Road, and north and east of Foothill Drive. Existing surrounding development includes multi-family residences to the south, commercial and institutional uses to the north, industrial uses to the east, single-family residences to the west, and a day care operation to the southwest.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Existing Development
The site currently contains a vacant commercial shopping center consisting of a one-story, 103,670 s.f. commercial building (former main tenant Kmart), an attached one-story 12,512 s.f. commercial building, an existing 2,600 s.f. fast food drive-thru restaurant, a surface parking lot, hardscape, landscape planters, and landscaping.
The topography of the site ascends approximately 20 feet from Hampshire Road to the rear of the developed area at the base of an existing retaining wall with Foothill Drive beyond to the west. This retaining wall has a maximum exposed height of approximately 22 feet. The slope between the top of the retaining wall ascends about 25 feet up to Foothill Drive. The western portion of the site, at the retaining wall next to the proposed townhome apartment building pads, is approximately 28 feet lower than the existing residences to the west and along Foothill Drive.
The Former Kmart space has been vacant since 2004, with the remainder of the tenant spaces vacant and unused since about 2009. The 2,600 s.f. freestanding fast food drive-thru restaurant closed in 2021. The site has been neglected over years, since the major tenant, Kmart, vacated the property.
Application Process
On May 12, 2020, a Residential Capacity Allocation (RCA) and initiation of a General Plan Amendment (LU) for the above project was authorized by City Council which allocated 353 multi-family units for the residential portions of the project.
On August 25, 2020, a Pre-Application was submitted. Staff met with the applicant and provided development requirements and other project specifics.
January 13, 2021, Economic Development Ad Hoc meeting was conducted to discuss revisions to the proposed project per council and staff comments.
On April 21, 2021, the applicant began submitting the subject applications, which are listed in the “Recommendation” section of this report.
On May 23, 2022, the subject item was scheduled for hearing to be considered by the Planning Commission. The subject item was continued to the June 8, 2022 Planning Commission hearing.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
PLANNING COMMISSION REVIEW
The subject request involves a Measure E allocation for a project located outside the Thousand Oaks Boulevard Specific Plan (SP-20). Typically, decisions on Development Permits are rendered by the Planning Commission, with City Council consideration if a Planning Commission decision is appealed. Since this project was allocated Measure E units, this application is being evaluated through the City Council adopted Prescreen process. The process includes filing of a PreApplication for initial project comments from various City departments and agencies, followed by formal application submittal for evaluation and recommendation to the Planning Commission, then Planning Commission review and recommendation to the City Council on the project, with final decision to approve or deny the project by City Council. The applicant has satisfied all requisite steps and, at this stage, the Planning Commission’s role on this item is to make a recommendation to City Council.
GENERAL PLAN AND ZONING
The proposal requires a General Plan Amendment to change the Commercial land use designation to Commercial/Residential to accommodate the proposed mixeduse development.
SPECIFIC PLAN
A Specific Plan is a document designed to implement policies in alignment with the intent of the City’s General Plan and establish regulations for a specific geographic region. The plan includes custom development and design standards, permitted land uses, infrastructure requirements, implementation measures, and other criteria intended to implement the General Plan. These standards are not required to align with the Thousand Oaks Municipal Code requirements since they are intended to be unique for a specific development area. If the project is approved, the General Plan Land Use Element for this site would be changed to Commercial/Residential and the Specific Plan would then be consistent with all applicable elements of the General Plan.
The proposed Specific Plan area contains various public open space amenities, including but not limited to, a dog park at the southeast portion of the property and pocket parks at the western portion of the property. These open space amenities will be integrated within various portions of the project site. The Specific Plan will also include unique development and design standards to regulate the uses to minimize impacts to the proposed project and surrounding properties.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
PROJECT OVERVIEW:
Project Summary
The proposal includes one project developed in two construction phases. Phase 1 includes development of all 13 townhome apartment buildings, internal access roads, and surrounding open spaces and amenities on the westerly portion of the site. Phase 2 includes construction of the two mixed-use podium buildings, associated parking structures, hardscape, landscape, and grading on the easterly portion of the property.
Leasing operations is proposed to operate temporarily out of the two-story, 5,000 s.f., amenity building located between the mixed-use and townhome apartment buildings. Figure 1 below illustrates the proposed site configuration.
Figure 1: Proposed Site Plan
Protected Trees - The project includes removal of three (3) oak (Quercus agrifolia) trees, encroachment within the protected zone of two (2) oak (Quercus agrifolia) trees and encroachment within the protected zone of two (2) California sycamore (Platanus racemosa) trees; all trees are depicted in the “Project Plans” dated May 3, 2022.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Residential Unit Mix - The unit types within the mixed-use buildings include 28- regular studio units (about 475 to 600 s.f.), 184 one-bedroom units (about 750 s.f.), and 137 two-bedroom units (about 1,150 to 1,240 s.f.). Of the 349 residential units, 50 units are proposed as low-income households at an income less than 80% of Ventura County median income category. As part of the public benefit items listed in the draft Development Agreement, applicant is also proposing four (4) units as moderate-income households at an income less than 120% of the Ventura County median income category.
The unit types within the townhome apartment buildings include 20 two-bedroom units (about 1,550 s.f.), 32 three-bedroom units (about 2,060 to 2,160 s.f.), and 19 four-bedroom units (about 2,215 s.f.).
EVALUATION:
Compatibility with Surrounding Uses
The project is within an urbanized area, with transportation and utility infrastructure in place. Surrounding uses include existing single-family residences to the west beyond Foothill Drive, existing multi-family residential uses to the south beyond Foothill Drive, existing commercial and commercial office uses to the north and existing industrial office uses to the east beyond Hampshire Road.
Site Design and Building Form
The proposed project is characterized by a vertical and horizontal mixed-use development that includes a network of pedestrian trails and pocket parks open to residents and the public. It includes private streets, retail and restaurant uses, dining plazas, and street-front terraces along Hampshire Road. Two quasi-public plazas with sitting areas will be established at the site main entrance from Hampshire Road along the eastern portion of the site.
The proposed mixed-use buildings will be sited along the eastern portion of the site fronting Hampshire Road. Of the total 420 residential units on the site, 349 units would be distributed across two, four-story, podium-style mixed-use buildings with an average building height of approximately 41 feet (Building A) and 37 feet (Building B). The mixed-use buildings will be positioned closer to the street along Hampshire Road and the public pedestrian corridor to promote pedestrian-oriented development. Further, the mixed-use buildings provide an increased 4th floor setback from Hampshire Road from 34 feet to 78 feet and include two skydeck’s overlooking Hampshire Road (Project plans - Attachment #6).
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
The 13 townhome apartment buildings are proposed with three stories (first story being the parking garage per unit) and will be at an average height not to exceed 35 feet. Of the 13 townhome apartment buildings, one building is located along the south property line and will be visible from Foothill Drive. It is also located near an existing multi-family residential development to the south and daycare use to the west.
Architectural Design
Architecturally, the project is a contemporary modern style. This theme includes smooth stucco finish, brick veneer accents, cement and metal panel siding, louvers, large expansive and multi-pane windows, and decorative window and roof line trim and trellis designed to reduce building size, mass, and scale which complements existing surrounding development. Design features incorporated into the general building design include varying façade elements such as archways, and balconies, canopies, overhangs, roof line variation, vertical and horizontal variation, and the recessed 4th floor resulting in a visually interesting and attractive design. The project meets the City’s Architectural Design Guidelines, Precise Plan of Design Guidelines, Commercial Design Guidelines, and Freeway Corridor Guidelines by using unified design elements throughout the development (see Figures 2 and 3).
Figure 2: Hampshire Road Main Entrance
Figure 3: Townhome-Style Apartments at Rear of Site
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Amenities
The proposed project includes public and private amenities. The outdoor public amenities include areas such as publicly accessible park spaces, seating areas, gathering spaces, and a dedicated dog park. The public open spaces are connected by a system of pathways, paseos, and plazas to provide residents and visitors with multiple opportunities to gather (see Figure 4 below). In addition, private amenities including roof-top decks, a children’s play area, community room, community pool with pool house and barbeque area are provided for the residents of the townhome apartment and mixed-use buildings.
Figure 4: Dog Park
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Public Exterior Space
The proposal includes two shared plazas, quasi-public (privately owned but usable by the public) and various private open space amenities (only for use by residents), for passive recreational purposes. The two shared plazas are located at the site main entrance access driveway along Hampshire Road, one at the northeast corner and another at the southeast corner of the main entrance. These open space areas are located at the perimeter of the site, creating a transition between the public and semi-public realm and an inviting access for enjoyment by the residents and visitors. Further, there are various internal paseo networks throughout the project site providing connectivity not only between the mixed-use development and multi-family residential apartments, but surrounding properties as well. These paseos specifically provide connectivity to the plazas, dog park, and pocket parks and include outdoor furniture and hardscape to encourage use of outdoor spaces. These areas offer opportunities for residents to gather while offering large open space for safe passage throughout the development (see Figure 5).
Figure 5: Hampshire Road Main Entrance
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Private Usable Open Space
Thousand Oaks Municipal Code Section 9-4.904(e)(5) requires that apartments provide a patio or balcony area of at least 100 s.f., with a minimum dimension of 7’-0” and direct access to the unit. However, the Planning Commission may approve any dimension, as can a Specific Plan. In this case, the Specific Plan will establish a project specific standard as described below.
SP-22 requires that all corner units provide balconies and at least 75% of noncorner units to provide balconies. Of the proposed 420 residential units, 392 units (93%) provide a private balcony or terrace. All units within the townhome apartment buildings also include a private balcony or terrace. SP-22 requires that balconies within non-corner units meet the minimum depth of five (5) feet. The corner units require a minimum depth of six (6) feet. The proposed units within the mixed-use buildings provide private open spaces that range between 74 to 720 s.f. and the units within the townhomes provide private open spaces that range between 60 to 80 s.f. The private open space provided conforms with the recommended requirements of SP-22 and the intent of the TOMC by providing ample private and common-area open space areas for use by residents and visitors (see Tables 1 and 2 below).
Table 1: Mixed-Use Buildings Private Usable Open Space
Number of Units Unit Type Private Balcony/Terrace Size (s.f.) 28 Studio 0-127
184 1-Bedroom 74-469
137 2-Bedroom 55-720
Table 2: Townhome Apartment Buildings Private Usable Open Space Number of Units Unit Type Private Balcony/Terrace Size (s.f.) 20 2-Bedroom 60
32 3-Bedroom 80
19 4-Bedroom 70
Vehicular Access and Circulation
Primary ingress and egress to the site is provided from a main two-way driveway access from Hampshire Road. Two additional access drives along Hampshire Road will be provided to the proposed parking structures, which are designed as right-turn pocket lanes to avoid traffic conflicts with vehicles accessing the site and traffic on Hampshire Road. These new right-turn lanes are not within the public right-of-way and will be maintained by the property owner as a part of the project.
A secondary two-way driveway access will be provided from Foothill Drive along Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
the southern portion of the site. These access drive aisles are at least 30 feet wide along the full length of the site and meets the minimum standards of the TOMC and Ventura County Fire Prevention District minimum standards.
Pedestrian Access and Walkability
Enhancements to existing sidewalks within the public right of way are provided along Hampshire Road at the main entrance and along Foothill Drive. These enhancements include decorative paving and material improvements. Internal pedestrian site circulation includes a series of paseos, walkways, pedestrian trails, and pocket parks with landscaping, planters and other decorative features, that provide connection to and from the public sidewalks and surrounding neighborhood. Furthermore, the interior access roads are designed with raised crosswalks to reduce vehicle speeds and improve pedestrian and vehicular circulation.
The project is adjacent to and within walking distance of several commercial centers offering dining, retail, grocery, professional, and recreation uses, including open space to the southwest, thus limiting the number of vehicle trips from the project and reducing greenhouse gases.
Parking
A total of 802 parking spaces are provided for the proposed mixed-use development, as shown in Tables 3 and 4:
Table 3: Commercial Parking Supply and Demand
Parking Categories Parking Ratio
Standard Commercial s.f. Parking Required
Parking
Provided
Commercial
Retail 1 space/250 s.f. 2,500 s.f. 10
119
Restaurant
First 2,000 s.f. 1 space/200 s.f. 4,000 s.f.* 20
>2,000 s.f. 1 space/100 s.f. 8,500 s.f. 85
Total 115
*The ratio applies to the each of the first 2,000 s.f. for Building A and Building B.
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IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Table 4: Residential Parking Supply and Demand
Parking Categories Parking Ratio
Standard Number of Units Parking Required
Parking
Provided
Mixed-Use Residential
Studio 1 space/unit 28 28
486 1 Bedroom 1 space/unit 184 184
2 Bedroom 2 spaces/unit* 137 274
Total 349 486
Townhome Apartment Residential
2 Bedroom 2 space/unit 20 40
142 3 Bedroom 2 space/unit 32 64
4 Bedroom 2 space/unit 19 38
Total 71 142
Guest Parking** 0 spaces/unit 420 None 55
Total Residential Parking Provided 683
*1.5 space/unit allowed by State density bonus law and TOMC, applicant providing 2 spaces/unit. **State density bonus law exempts provision of guest parking. The project will include 25 guest parking spaces for the mixed-use buildings and 30 guest parking spaces for the townhome apartment buildings.
Residential and commercial parking for the two proposed mixed-use buildings is primarily provided by the two subterranean parking garages located under Buildings A and B. The proposed townhome apartments will provide two enclosed parking spaces for each of the 71 residential units. Surface parking will serve both residents and guests of the mixed-use and townhome buildings.
All parking space dimensions and driveway widths meet TOMC minimum requirements. The proposed driveways also meet the VCFD fire access requirements. The project also provides disabled parking spaces that comply with the Americans with Disabilities Act (ADA), contained in Title 24 of the California Building Code.
Vehicle and Bicycle Parking Accommodations
The site provides on-site parking for vehicles while accommodating and encouraging other transportation methods. Amenities include on-site bicycle racks for visitors and dedicated bicycle corals for tenants. The site will also provide infrastructure for electric vehicle charging stations.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Traffic
Traffic from the project is estimated to result in an average of 10.87 vehicle miles traveled (VMT) for the residential portion of the project, which is less than the Citywide residential average of 15.31 VMT. The commercial component is considered neighborhood serving, consistent with similar uses within the C-1 zoning designation and under 50,000 s.f. Thus, the proposed 15,000 s.f. commercial component associated with the proposed project does not require further CEQA analysis (see Transportation under Appendix H included with the DEIR).
Although not required by CEQA, a Traffic Impact Analysis was prepared to analyze local intersection impacts based on the Highway Capacity Manual methodology. The first three (3) intersections listed below will continue to operate within the City's performance criteria at an acceptable level of service based on the existing plus project and future plus project scenarios as outlined in the Traffic Impact Analysis in Appendix H. The last three (3) intersections listed below currently do not operate within the City's allowable performance criteria, which is an existing condition and not a result of the project. Because the three intersections will continue to fall below the performance criteria the applicant will be required to pay traffic mitigation fees towards future improvements at those intersections, as identified in the City's 2019 Traffic Impact Mitigation Fee Nexus Study and are included in the City’s Capital Improvement Program. • Hampshire Road and Foothill Drive, which will operate within City of Thousand Oaks Performance Criteria (LOS C or better);
• Hampshire Road and 101 Freeway southbound, which will operate within City of Thousand Oaks Performance Criteria (LOS C or better); • Hampshire Road and Thousand Oaks Boulevard, which will operate within City of Thousand Oaks Performance Criteria (LOS D or better); • Hampshire Road and Westlake Boulevard, which currently does not and will continue not to operate within City of Thousand Oaks Performance Criteria (LOS C or better);
• Hampshire Road and Willow Lane, which currently does not and will continue not to operate within City of Thousand Oaks Performance Criteria (LOS C or better); and
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IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
• Hampshire Road and 101 Fwy northbound, which currently does not and will continue not to operate within City of Thousand Oaks Performance Criteria (LOS C or better).
The Vehicle Miles Traveled (VMT) analysis for the residential component of the project determined the impacts resulting from the project would be less than significant and no mitigation measures are required. Furthermore, as previously mentioned, the commercial component for the proposed project met the requirements to be screened out, and, therefore, were not included in the VMT analysis. No further traffic impact analysis is required for the project.
Protected Trees (PTP 2021-70400)
The site contains eight (8) protected trees on-site and two (2) protected trees offsite. The protected trees include eight (8) Coast Live Oak (Quercus agrifolia) trees and two (2) California sycamore (Platanus racemosa) trees per the Protected Tree Report dated May 2022 (Attachment #7). The project design requires removal of three (3) protected oak trees and encroachment into the protected zone of two (2) oak and two (2) sycamore trees. Descriptions of the oak and landmark trees impacted by the proposed development through removal and encroachment are provided in Table 5 below:
Table 5: Impacted Protected Trees
Tree No. Common Name Trunk Diameter Appearance Overall
Removal
10 Quercus agrifolia* 2.5” D D
8 Quercus agrifolia* 6,” 8,” and 10” C C
9 Quercus agrifolia* 6” and 11” B B
Encroachment
6 Platanus racemose** 12.5” D D
7 Platanus racemose** 18”,18”, 9” D D
*Coast Live Oak Tree
**California sycamore
The tree impacts result from site preparation, grading activities for the proposed buildings, and associated site improvements. One (1) oak tree proposed for removal is located within the northeastern portion of the site, at the location where the proposed mixed-use Building A is sited, and the other two (2) oak trees are located within the southern portion the site within the area of the proposed townhome apartment building located along Foothill Drive.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
There are four (4) protected trees that would have encroachment within the protected zones. Two (2) encroachments include California sycamore (Platanus racemosa) trees that will be retained and incorporated into the project pedestrian pathways and paseos along the southwestern portion the site. The proposed pedestrian paseo at the western and northwestern portion of the site will encroach upon the protected zone of one (1) on-site and one (1) off-site Coast Live Oak (Quercus agrifolia) tree. Figure 6, below, demonstrates the development area and the affected trees by the proposed development. The new townhome apartment building involved in the encroachment is shown in blue, mixed-use buildings A and B shown in yellow, three oak tree removals in red circles, and encroachment into two sycamore trees in purple circles (dashed purple off-site), and encroachment into two oak trees in green circles (dashed green off-site).
Figure 6 – Protected Tree Impacts
The Oak Tree Preservation and Protection Ordinance allows for oak tree encroachments and removals if the request is not contrary to the purpose and intent of the ordinance. In this case, the removal of the three (3) oak trees and encroachment into the protected zone of two (2) oak and two (2) sycamore trees is necessary for reasonable use and is consistent with the intent of the oak tree preservation and protection ordinances since the removals will be replaced with Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
three trees for each one removed (3:1 ratio - two 24” box and one 36” box tree).
The quantity and size are as follows:
• Six, twenty-four (24”) inch box specimens, and
• Three, thirty-six (36”) inch box specimens,
As noted in Table 4, of the three oak tree removals, Tree No. 8 with a 10” diameter is rated as average in both overall condition and appearance, and Tree No. 10 with a 2.5” diameter is rated as below average/poor in both overall condition and appearance. Should the removals be approved, a condition is applied to the project requiring the applicant to submit a mitigation tree location map demonstrating the location of the replacement trees for review and approval by the Community Development Department. The conditions of approval describe the size and number of the mitigation trees. All mitigation trees will be planted on the property. If any cannot be located on site, the trees will be place in landscape medians or within park sites for public benefit. Additionally, protective fencing is required around all protected trees in the vicinity not authorized for encroachment.
A City Landscape Consultant provided an independent evaluation of the Protected Tree Report May 2022 and associated recommendations contained therein for the work occurring within the protected zone of the oak and landmark trees. The City consultant concluded that, with the inclusion of the project conditions, including appropriate work methods and monitoring for the work performed around the protected oak and landmark trees, that the proposed encroachments will not have a detrimental effect on the health of trees.
Further, alternative designs were evaluated for the proposed buildings. The proposed buildings have been sited and road alignments have been designed to minimize site impacts by limiting the construction areas to the already disturbed areas. Therefore, staff supports the proposed design layout.
Grading
Grading involves approximately 132,000 cubic yards (c.y.) of export due to excavation for the underground parking garages and modifications to the site characterized by an ascending slope from the eastern (front) to western (rear) portion site. Using a capacity of 16 c.y. per truck, it is estimated that 16,500 truck trips will be necessary to haul away the dirt, consisting of 8,250 loaded truck trips and 8,250 returning empty truck trips. The applicant will be required to provide a haul route and management plan to the Public Works Department for review and approval prior to commencing grading activities. Grading activities do not involve impacts to 25% or greater natural terrain.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Community Benefits
The project includes 50 affordable residential units (15% of 329 base units) within the two mixed-use buildings for low-income residents (income less than 80% of Ventura County median income). These low-income affordable units include four (4) studio units, 26 one-bedroom units, and 20 two-bedroom units. These units would be dispersed throughout both mixed-use buildings A and B, in a yet to be determined mix and location. In addition, applicant has agreed to dedicate four (4) units for moderate-income residents, which make a total count of 54 affordable units in the project. These moderate-income affordable units include two (2) studio units and two (2) one-bedroom units.
An Affordable Housing Agreement that identifies and restricts the designated affordable units as such for a period of 55 years will be required. Approval of this project is also subject to execution of an Affordable Housing Covenant between the applicant and the City. The Affordable Housing Agreement and Covenant are subject to review and approval by the Community Development Department and City Attorney’s office prior to issuance of a grading permit.
It should be noted that although the applicant is providing affordable housing, the project does not seek any waiver of a City of Thousand Oaks development standard, as is their right per State Density Bonus Law.
Landscape Plan
The conceptual landscape plan includes enhanced planting in and around the site to provide softscape within the hardscape areas, provide shade coverage, and for the enjoyment of visitors and residents. Of the 10 protected trees, five (5) oak and two (2) sycamore trees will be preserved in place and incorporated as part of an open space paseo and pathway system. A conceptual landscape plan has been submitted that demonstrates substantial landscaping on the site (Figure 7). If the project is approved, a formal landscape plan will be required, and technical evaluation of that plan will be provided through a Landscape Plan Check process to ensure compliance with the City’s landscape and irrigation standards as well as the State of California Model Water Efficiency Landscape Ordinance (MWELO) to ensure water conservation mechanisms are in place.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Figure 7: Conceptual Landscape Plan
Total surface parking area receiving landscape treatment is about 4,582 s.f. (19%), which exceeds the Municipal Code requirement for minimum parking area landscape coverage of 10% coverage (about 2,392 s.f.), including an additional 25 s.f. for each compact space (Sec. 9-4.2404 required per TOMC). The landscape plan will include many trees that will provide canopy coverage and reduce surface temperatures.
Environmental Review (CEQA)
In accordance with the California Environmental Quality Act (CEQA), a comprehensive evaluation of the potential environmental impacts for this project was performed. This evaluation determined that the project could have a significant effect on the environment without appropriate mitigation measures in place, therefore an EIR (Attachment #8) was prepared for the project. Appropriate measures are detailed in the report to ensure appropriate mitigation is in place, so no significant adverse environmental impact results from the project. To that end, a mitigation monitoring plan is required to ensure the indicated mitigation measures are applied to the project. The Draft EIR Executive Summary (Attachment #9) is included for the Planning Commission’s information.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
A Notice of Availability was posted with a 45-day public review period for the Draft Environmental Impact Report between April 11, 2022 and May 25, 2022. Staff received correspondence from the public (non-agency) as well as public agencies correspondence that include: California Department of Fish and Wildlife, Ventura County Air Pollution Control District (VCAPCD), California Department of Transportation (DOT), Ventura County Environmental Health, Ventura County Public Works, and Conejo Recreation and Parks (CRPD) regarding the DEIR posting, which are included public correspondence (Attachments #11 and #12). It should be noted that on May 20, 2022, CRPD provided an updated comment letter stating that with the inclusion of the conditions of approval requiring applicant to pay applicable park fee(s), the project is fully mitigated, thus rescinding their prior correspondence. None of the comments received on the DEIR for this project merit any substantive change to the environmental analysis or conclusions contained in the DEIR and any request to have the DEIR recirculated is meritless.
The DEIR Response to Comments and other associated documentation will be included in the draft CEQA Findings for the Final Environmental Impact Report.
Staff is therefore recommending the Planning Commission consider the Final Environmental Impact Report prepared for the project in accordance with the California Environmental Quality Act (EIR 2021-70442).
Statement of Overriding Considerations
The proposed project will result in significant and unavoidable temporary impacts due to noise resulting from vibration and construction. In order to approve the proposed project with significant and unavoidable impacts, the City Council must adopt a Statement of Overriding Considerations (SOC). This is a specific finding required by CEQA that the project includes substantial benefits that outweigh its adverse environmental impact and is adapted to fit local conditions and priorities.
It is very common for cities to approve a project with significant and unavoidable impacts for a project of this size and scope when the project has significant benefits. In this case, the proposed development and Specific Plan benefits include revitalization of the neglected commercial center, economic investment, new housing, opportunities for more affordable housing, proximity of work opportunities to housing opportunities, proximity of work opportunities to public transit, creation of a walkable district and enhanced public realm, generation of revenue and various other community benefits. In weighing the temporary noise impacts from construction against the benefits of the project, staff contends that the benefits outweigh the noise factor, and the SOC should be adopted. The SOC is included as part of the CEQA Findings. It should be noted that the City Council will be the final decision-making body on all documents associated with the certification of the Final EIR.
Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
Development Agreement
A Development Agreement (“DAGR”) is required for approval of projects that receive allocation of Measure E units. This agreement is a contract between the property owner and the City to ensure specific deliverables and site expectations are in place to ensure public benefit, such as the inclusion of affordable units, site improvements, certain number of residential units, open space and commercial uses. Thousand Oaks Municipal Code Section 9-11.01 et seq. outlines the process for implementation of a development agreement. The applicant’s representatives and staff have worked together to prepare an agreement in compliance with the Municipal Code that identifies public and private benefits and responsibilities.
The DAGR lists various obligations and benefits received by the parties in the Agreement. If the project is approved and constructed as planned, the City will have an additional 366 market-rate and 54 affordable units to its residential stock, demolition of a neglected commercial site, publicly accessible open space including a dog park, and additional public gathering places (Attachment #10).
Applicant is also agreeing to create a learning/tutoring room to be used for after school studies and tutoring by children residing in the complex. The applicant receives the General Plan Amendment and the requisite Measure E unit allocation required to build the residential component of the mixed-use site.
It should be noted that the City currently has an unmet need for very low-income units and low-income units, per the City’s current Regional Housing Needs Assessment (RHNA) requirements from the State. The State density bonus law assigns density bonus units based on the percentage of affordable units provided by a project, and the income level of those units. In this case, the applicant is providing 15 percent affordable units in the low-income category. This percentage is applied to the base 329 units, which equates to 50 affordable low-income units, entitling the applicant a 27.5 percent density bonus. This bonus translates to 91 density bonus units per statutory allowance in state law. As previously noted, the applicant is also proposing 4 units as moderate-income households.
Additional points of this Development Agreement include a set measure of City fees that will not be increased during the time of the Agreement, establishes timelines for the construction phasing, four (4) moderate-income level units, learning/tutoring room, and architectural design measures.
Public Correspondence
Staff received some public correspondence in which the individuals stated their objections to the proposed project and others commented on the Draft EIR. Cited concerns include potential impacts to the surrounding community and established Item No. 8A
IMT Capital V Hampshire, LLC (DP 2021-70214/EIR 2021-70442) June 8, 2022
uses resulting from traffic, density, and greenhouse gas (Attachment #11).
Additional correspondence was received since the item was continued to the June 8, 2022 hearing and has been provided in Attachment #12.
CONCLUSION:
The proposed project has been designed to meet the intent of the City’s standards, codes, and policies. The proposed building design and site layout integrates well with surrounding development and has a cohesive architectural design meeting the City’s Architectural Design Guidelines, by including pedestrian-oriented site plan emphasizing public and private exterior spaces. Based on the analysis and findings contained in this report, staff recommends approval of this project, subject to the conditions of approval in the attached Ordinances and Resolutions (Attachments #4 and #5), as well as recommends to City Council the certification and adoption of the Environmental Impact Report prepared for the project in accordance with CEQA.
PREPARED BY: Carlos Contreras, Senior Planner
Attachments:
Attachment #1 – Vicinity Map
Attachment #2 – Location Map
Attachment #3 – Aerial Photo
Attachment #4 – Resolution
Attachment #5A – GPA and SP-22 Ordinance
Attachment #5B – DAGR 2021-70399 Ordinance
Attachment #6 – Project Plans, dated May 3, 2022
Attachment #7 – Protected Tree Report, dated May 2022
Attachment #8 – Draft EIR, Appendices
Attachment #9 – Draft EIR Executive Summary
Attachment #10 – Development Agreement
Attachment #11 – Public Correspondence (May 23, 2022 PC) Attachment #12 – Further Public Correspondence (after May 23, 2022 PC) cdd:420-82/ Staff Report-Planning Cmsn/pz (FILE ID: DP 2021-70214) Item No. 8A
Supplemental Packet #1 can be found here:
Supplemental 1
Supplemental Packet #2 can be found here:
Supplemental 2
Item No. 8A
RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:
City of Thousand Oaks
2100 E. Thousand Oaks Boulevard
Thousand Oaks, CA 91362
Attn: City Clerk
WITH A COPY TO:
Thomas S. Cohen
1534 N. Moorpark Road, #337
Thousand Oaks, CA 91360
(Space Above this Line is for Recorder’s Use Only)
This Development Agreement
is recorded at the request and
for the benefit of the City of
Thousand Oaks and is exempt
from the payment of a
recording fee pursuant to
Government Code § 6103.
DEVELOPMENT AGREEMENT
by and between
CITY OF THOUSAND OAKS
and
IMT CAPITAL V HAMPSHIRE, LLC
THIS DEVELOPMENT AGREEMENT is entered into this ___ day of ________________, 2022, by and among the CITY OF THOUSAND OAKS, a California municipal corporation (“City”), on the one hand, and IMT CAPITAL V HAMPSHIRE LLC (“Owner”), on the other hand. City and Owner are at times collectively referred to as the “Parties” herein.
R E C I T A L S
This Agreement is predicated upon the following facts, understandings, and intentions of the Parties.
ATTACHMENT #9
Item No. 8A
A. The State of California adopted the Development Agreement Act to strengthen the public planning process, encourage private participation in comprehensive planning, and reduce the economic risk of development. Sections 65865 through 65869.5 of the California Government Code Section (the Development Agreement Act), authorizes City and persons who have legal or equitable interests in real property to enter into a binding development agreement establishing certain development rights in the real property that is the subject of the development project application. City has also codified the process of development agreements in Chapter 11 of Title 9 of the Thousand Oaks Municipal Code (“TOMC”).
B. Throughout this Agreement, including the Recitals contained herein, certain capitalized terms are used which are defined in Section 1 of this Agreement. City and Owner intend to refer to those definitions when the capitalized terms are used.
C. Pursuant to Government Code Section 65865, City adopted Title 9, Chapter 11 of the TOMC – Development Agreements (“Development Agreement Ordinance”), further authorizing this Agreement and establishing the City Council’s intent that development agreements be entered into in those situations where the agreement is fair, just and reasonable at the time of its execution; and where it is prompted by the necessities of the situation, or is, by its nature, advantageous to City.
D. Throughout this Agreement the terms “Owner” or “Developer” may be used synonymously, and both refer to IMT Capital V Hampshire, LLC.
E. On May 12, 2020, the City Council adopted Resolution No. 2020-014, “A Resolution of the City Council of the City of Thousand Oaks Declaring Intention to Consider an Amendment to the Land Use Element of the General Plan and Allowing Concurrent Processing of Entitlement Applications for Land Located at 325 and 391 Hampshire Road (LU 2020-70104 / RCA 2020-70105: IMT Capital V Hampshire, LLC)”.
As part of that Resolution, the City Council approved LU 2020-70104 and RCA 2020- 70105, allocating 353 residential dwelling units of Citywide Measure E residential capacity to the Property.
F. Owner and the City have agreed that the parties should enter into a development agreement pursuant to City’s Development Agreement Ordinance and proceedings have been taken in accordance with the rules and regulations of City and State law.
G. Owner voluntarily enters into this Agreement to implement the General Plan and in consideration for the rights conferred and the procedures specified herein for the development of 325 and 391 Hampshire Road, Thousand Oaks, California A.P.N.
Numbers 676-0-150-375, -365 and -285 (“Property” or “Project site”). City, in the exercise of its legislative discretion, voluntarily enters into this Agreement to implement the General Plan Amendment and in consideration of the agreements and undertakings of Owner as specified herein.
Item No. 8A
H. Concurrent with this Agreement, Owner proposed that City grant Owner the following land use entitlement approvals (hereinafter “Project Approvals”) for the Project (defined below in Section 1 – Definitions) which are incorporated and made a part of this Agreement.
a. General Plan Amendment No. LU 2021-70215 to
Commercial/Residential;
b. Specific Plan 2021-70397 (with density bonus units in exchange for affordable housing);
c. Zone Change and Zoning Map Amendment 2021-70216;
d. Development Permit (DP) 2021-70214
e. Protected Tree Permit No. 2021-70400
f. Lot Line Adjustment (LLA) 2021-70398
g. Development Agreement (DAGR) 2021-70399
h. Environmental Impact Report (EIR) 2021-70442
I. During the application process, Owner submitted architectural plans, site plans, landscape plans and grading plans to the City for review by staff. The Project was approved subject to certain conditions and the approved plan and conditions of approval are attached to this Agreement as Exhibits C and D.
J. City has approved the Project, subject to the associated conditions, and determined that this Agreement is consistent with City’s General Plan and Specific Plan No. 22 and specifically determined that this Agreement: (1) is fair, just and reasonable; (2) is prompted by the necessities of the situation and is by its nature advantageous to City; and, (3) that this Agreement encourages and assures private participation in the construction of housing stock, as determined in the absolute discretion of the City Council.
K. On May 23, 2022, the Planning Commission of City considered the Project, the material terms of this Agreement, and the Environmental Impact Report (“EIR”) at a duly noticed public hearing and made appropriate findings that the provisions of this agreement are consistent with the General Plan and recommended approval of the Project to City Council. This Agreement was thereafter considered by City Council at a duly noticed public hearing on June 14, 2022, in accordance with State law and City’s Development Agreement Ordinance.
L. The City Council, after conducting a duly noticed public hearing on June 14, 2022, considered, confirmed, and approved that the Project’s EIR adequately addresses the environmental impacts of the Project at the Project Site, including consideration of the Item No. 8A
Project Approvals, approved the form and material elements of this Agreement, authorized the execution of this Agreement, and found that the provisions of this Agreement are consistent with the General Plan, State law, and the Development Agreement Ordinance. The City Council conducted the first reading of the new ordinance on June 14, 2022, followed by the City Council’s second reading of the new ordinance on June 28, 2022.
M. This Agreement and the consent of Owner to each of its terms, conditions, and obligations will eliminate uncertainty in planning and provide for the orderly development of the Property consistent with the policies and objectives of the General Plan, Specific Plan No. 22, and proposed zoning, as well as provide funding for certain public infrastructure improvements needed for the Project or public projects as further identified in this Agreement. All such public improvements or projects are beneficial to the health, safety, and general welfare of the City in general.
N. In exchange for the benefits to City listed herein, City agrees to take those actions required to facilitate Owner’s development of the Project, including the approval, adoption, or issuance of necessary development permits and the future ministerial approval of any additional building plans, building permits, occupancy permits, and other such permits necessary to implement the Project (“Ministerial Approvals”) which are consistent with this Agreement.
O. It is the intent of the Parties that all acts referred to in this Agreement shall be accomplished in such a way as to fully comply with the California Environmental Quality Act (“CEQA”), state law governing adoption of development agreements, the Thousand Oaks Municipal Code, City’s Development Agreement Ordinance, and applicable development entitlements.
P. This Agreement is made and entered into in consideration of the mutual covenants and in reliance upon the various representations and warranties contained herein. The Parties acknowledge that, in reliance on the agreements, representations, and warranties contained herein, Owner will take certain actions, including making substantial investments and expenditures of monies, relative to the Property and the development thereof.
Q. This Agreement will eliminate uncertainty in planning for and securing orderly development of the Project, provide certainty necessary for the Owner to make significant investments in public infrastructure, public gathering areas, and other improvements and public infrastructure, and other improvements, assure the timely and progressive installation of necessary improvements and public services, establish the orderly and measured build-out of the Project consistent with the vision of City’s Specific Plan No. 22 and will provide public benefits to City it would not be entitled to absent this Agreement. All such public improvements or projects are beneficial to the health, safety, and general welfare of the City in general.
Item No. 8A
R. The terms of this Agreement support a vital and important interest of City by ensuring the development is consistent with the General Plan, Specific Plan No. 22 and the upgrading of City infrastructure and improvements.
S. In exchange for the benefits to City, Developer desires to receive the General Plan Amendment and other Project Approvals to permit mixed use on the Property, the designated number of residential units allocated for the Project, assurance that it may proceed with the Project in accordance with the Project Approvals and existing land use ordinances and development standards in effect on the Agreement Date, subject to the terms and conditions contained in this Agreement and, to secure the benefits afforded Developer by Government Code §65864 et seq., and the City’s Development Agreement Ordinance.
T. For the foregoing reasons, Owner, and the City (each individually, a “Party” and, collectively, the “Parties”) desire to enter into a development agreement for the Project pursuant to the Development Agreement Act and other applicable laws upon the terms and conditions set forth herein and, in the exhibits, attached hereto.
A G R E E M E N T
NOW, THEREFORE, in consideration of the above recitals and of the mutual covenants contained in this Agreement as well as in consideration of the mutual promises and covenants herein contained and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:
1. Definitions
1.1. “Agreement” means this Development Agreement, identified as City of Thousand Oaks Development Agreement No. 2021-70399.
1.2. “Agreement Date” means the date this Agreement is executed by both City and Owner.
1.3. “Agreement Effective Date” is the date on which this Agreement is attested by the City Clerk of the City after execution by Owner and Mayor of the City.
1.4. “Applicable Rules and Laws” means the City’s rules, regulations, ordinances, and official policies in force and effect as of the Agreement Effective Date governing permitted uses of the land, the density or intensity of use, the maximum height and size of proposed buildings, parking requirements, setbacks, development standards, the provisions for reservation or dedication of land for public purposes, as well as those rules and laws governing design, improvement, and construction standards, specifications, policies and guidelines applicable to development of the Property, including the General Plan, as amended by the General Plan Amendment, and Specific Plan No. 22, and unless otherwise provided by this Agreement or the Project Approvals.
Item No. 8A
1.5. “CEQA” means the California Environmental Quality Act and any state and local rules, regulations or guidelines adopted pursuant thereto.
1.6. “City” means the City of Thousand Oaks, California.
1.7. “Development Agreement Ordinance” means Title 9, Chapter 11 of the Thousand Oaks Municipal Code wherein City has set forth the procedures and requirements for consideration and administration of development agreements.
1.8. “Development Fees” means any monetary fee or exaction other than a tax or special assessment that would be charged by a local government agency pursuant to Government Code Section 66000, et seq., to a project applicant in connection with new development for the purpose of defraying all or a portion of the cost of public facilities related to the new development, including without limitation, fees for utility construction, use, linkage or connection fees; public transit; traffic improvement and operations and any other traffic-related fees; affordable housing; sustainability or green initiatives; capital facilities; police and fire; parks; libraries; and other exactions, assessments, fair share charges or other similar impact fees or charges imposed on and in connection with new development.
1.9. “Future Development Entitlements” means all necessary City discretionary approvals (including conditions of approval) for the development of the Project that are not addressed in this Agreement and that must be consistent with the current General Plan and Zone Change Ordinance for the Project Site, the Applicable Laws, and this Agreement.
1.10. “General Plan” means the General Plan of the City.
1.11. “Low Income Households” means household at or below 80 percent of the Area Median Income. Refer to the 2022 Ventura County Income Limits chart attached hereto as Exhibit F and future amendments and revisions thereto.
1.12. “Measure E Residential Capacity” means the citywide residential units available for reallocation to a proposed development project pursuant to Section 9-
2.203 of City’s Municipal Code.
1.13. “Ministerial Approvals” means the non-discretionary City permits and approvals necessary for the development of the proposed Project as required by the Applicable Laws or State law, including but not limited to approval of building plans, final map, building permits, occupancy permits, and other similar types of permits necessary to implement the Project. Notwithstanding the foregoing, Ministerial Approvals may be processed and approved in accordance with amended versions of the Applicable Laws upon Owner’s request and in Owner’s sole discretion.
Item No. 8A
1.14. “Moderate Income Households” means household at or below 120 percent of the Area Median Income. Refer to the 2022 Ventura County Income Limits chart attached hereto as Exhibit F and future amendments and revisions thereto.
1.15. “Owner” or “Developer” means IMT Capital V Hampshire, LLC, and each and all of their respective transferees, partners, successors, and assigns, whether voluntary or involuntary.
1.16. “Processing Fees” means fees and charges (i) adopted by the City for the purpose of defraying the City’s reasonable costs incurred or to be incurred in the processing and administration of any form of permit, license, or land use entitlements, or (ii) imposed by the City to defray the costs of periodically updating its plans, policies, and procedures, including but not limited to, the fees and charges referred to in Government Code Section 66014.
1.17. “Project” means the proposed development of the Property in accordance with the Project Approvals, this Agreement, and the conditions of approval and mitigation measures adopted as part of this Agreement.
1.18. “Project Approvals” means those discretionary City permits and approvals, including those listed in Recital H of this Agreement (including conditions of approval), necessary for the development of the proposed Project consistent with the needed General Plan amendment and Zone Change for the Project Site, the TOMC and other Applicable Laws in effect on the Agreement Effective Date, any amendment to such permit or approval allowed by the TOMC and this Agreement.
1.19. “Property” is that certain real property located within the City of Thousand Oaks at 325 and 391 Hampshire Road, Thousand Oaks, California 91362, APN 676-0-150-375 and as more particularly described in Exhibit A attached hereto. The Property may also be referred to from time to time herein as the “Project Site.”
1.20. “Reserved Powers” means the rights and authority expected from this Agreement’s restriction on the City’s police powers and which are instead reserved to the City. The Reserved Powers include (a) the powers to enact regulations or take future Discretionary Actions after the approval of the Project Approvals that may be in conflict with the Applicable Rules and Project Approvals, but (i) are necessary to protect the public health and safety, and are generally applicable on a citywide basis (except in the event of natural disasters as found by City Council such as floods, earthquakes, pandemics and similar acts of God), (ii) are necessary to comply with State or federal laws and regulations (whether enacted previous or subsequent to the final administrative approval of the Project Approvals), or (iii) constitute Processing Fees and charges imposed or required by the City to cover its actual costs in processing applications, permit requests and approvals of the Project or in monitoring compliance with permits issued or approvals granted for the performance of any conditions imposed on the Project, unless otherwise waived in writing by the City, and (b) the power to enact and amend the Building Codes.
Item No. 8A
1.21. “Term” means the period of time for which this Agreement shall be effective in accordance with Section 3 below.
2. Exhibits. The following documents are referred to in this Agreement, attached hereto and made a part hereof by this reference.
Exhibits Designation Description
A Legal Description of Property
B Site Plan
C Project Plan Set dated May 3, 2022
D Conditions of Approval
E Green Initiative Outline for T.O. Ranch
F 2022 Ventura County Income Limits
Chart
3. Agreement Effective Date and Term.
3.1. Agreement Term. This Agreement shall become effective (“Agreement Effective Date”) as set forth in Subsection 1.3 above. Unless extended by mutual written agreement of the Parties, this Agreement shall expire and be of no further force or effect on the earlier of seven (7) years from the Agreement Effective Date (“Term”) or the date on which the City issues a Certificate of Occupancy or approves final permits to allow occupancy of buildings for the Project. The term may be terminated, modified, or extended by mutual consent in writing of the Parties with good cause, not to be unreasonably withheld by the City. Owner intends to submit plans for building permits within the first year of the Term, subject to unforeseen delays and the Parties will act in good faith to move the project forward through construction and completion in a time efficient manner.
3.2. Expiration of Term. Following the expiration of the Term, this Agreement shall terminate and be of no further force and effect, except with respect to terms and provisions that expressly survive the termination of this Agreement. If this Agreement is terminated because the City has issued a Certificate of Occupancy or otherwise issued final occupancy permits for the entire Project, then Owner’s obligations to make any Public Benefit Payments or provide the Public Benefits as identified in Section 6.1, below, shall survive such termination until the obligation has been completely satisfied. In the event the Project Approvals are challenged the Term is tolled through the duration of the litigation. All Project Approval expiration dates will extend through the term of the Agreement.
Item No. 8A
4. State Enabling Statute. To strengthen the public planning process, encourage private participation in comprehensive planning and reduce the economic risk of development, the Legislature of the State of California adopted the Development Agreement Act which authorizes any city to enter into binding development agreements establishing certain development rights in real property with persons having legal or equitable interest in such property. Section 65864 of the Development Agreement Act expressly provides as follows:
“The Legislature finds and declares that:
(a) The lack of certainty in the approval of development projects can result in a waste of resources, escalate the cost of housing and other development to the consumer, and
discourage investment in and a commitment to
comprehensive planning which would make maximum
efficient utilization of resources at the least economic cost to the public.
(b) Assurance to the applicant for a development project that upon approval of the project, the applicant may proceed with the project in accordance with existing policies, rules, and regulations, and subject to conditions of approval will strengthen the public planning process, encourage private participation in comprehensive planning, and reduce the economic cost of development.”
Notwithstanding the foregoing, to ensure that the City remains responsive and accountable to its residents while pursuing the benefits of development agreements contemplated by the Legislature, the City: (1) accepts restraints on its police powers contained in development agreements only to the extent and for the duration required to achieve the mutual objectives of the Parties as permitted hereunder; and (2) to offset controls and conditions imposed on development project applications.
5. Purpose of this Agreement.
5.1. Public Benefits. This Agreement provides assurances that the public benefits identified in Section 6.1, below, will be achieved in accordance with the Applicable Rules and Project Approvals and with the terms of this Agreement and subject to the City’s Reserved Powers;
5.2. Developer Objectives. In accordance with the legislative findings set forth in the Development Agreement Act, and with full recognition of the City’s policy of judicious restraints on its police powers, Developer wishes to obtain reasonable assurance that the Project may be developed in accordance with the Applicable Rules, the Project Approvals, and other Discretionary Actions and with the terms of this Agreement, but subject to the City’s Reserved Powers. In the absence of this Agreement, Item No. 8A
Developer would have no assurance that it can complete the Project with the parcelization, uses and to the density and intensity of development (including, without limitation, the location and number of improvements, proposed height and building limits (e.g., maximum density, maximum floor area, etc.) and the provisions of open space, vehicular access, and parking set forth in this Agreement, the Project Approvals, and other Discretionary Actions. This Agreement, therefore, is necessary to assure Developer that, except as otherwise expressly provided in this Agreement, the Project will not be (a) reduced or otherwise modified in density, intensity or use from what is set forth in the Project Approvals and other Discretionary Actions, (b) “subjected to new rules, regulations, ordinances or official policies or plans that are not adopted or approved pursuant to the City’s Reserved Powers or (c) subjected to unreasonable delays for reasons other than Citywide health and safety enactments related to force majeure events such as, but not limited to, floods, earthquakes, pandemics, labor shortages and similar acts of God.
5.3. Mutual Objectives. Development of the Project in accordance with this Agreement will provide for the orderly development of the Property in accordance with the policies and objectives set forth in the General Plan, as amended by the General Plan Amendment. Moreover, this Agreement will eliminate uncertainty in planning for and securing orderly development of the Property, assure installation of necessary improvements for, and other features of, the Project reflected in the Project Approvals, assure attainment of maximum efficient resource utilization within the City at the least economic cost to its citizens and otherwise achieve the goals and purposes for which they Development Agreement Act was enacted. The Parties believe that such orderly development of the Project will provide public benefits to the City through the imposition of development standards and requirements under this Agreement, including without limitation increased tax revenues, installation of onsite and offsite improvements, creation and retention of jobs, and the development of an aesthetically attractive Project, as well as the public benefits described in Section 6.1, below. In addition, although development of the Project in accordance with this Agreement will restrain the City’s land use or other relevant police powers, this Agreement provides the City with sufficient reserved powers during the Term hereof to remain responsible and accountable to its residents. In exchange for these and other benefits to the City, Developer will receive assurance that the Project may be developed during the Term of this Agreement in accordance with the Applicable Rules, Project Approvals and other Discretionary Actions, and the Reserved Powers, subject to the terms and conditions of this Agreement.
5.4. Applicability of the Agreement. This Agreement does not (a) grant height, density or intensity in excess of that otherwise established in the Applicable Rules and the Project Approvals; (b) eliminate future Discretionary Actions relating to the Project if applications requiring such Discretionary Action are initiated and submitted by the Owner of the Property after the Effective Date of this Agreement; (c) guarantee that Developer will receive any profits from the Project; (d) prohibit the Project’s participation in any benefit assessment district that is generally applicable to surrounding properties; (e) amend the General Plan or Specific Plan No. 22, or (f) amend the City’s Planning and Zoning Code (Title 9). This Agreement has a fixed Term. Furthermore, in any subsequent Item No. 8A
Discretionary Actions applicable to the Property, the City may apply such new rules, regulations and official policies as are contained in its Reserved Powers.
6. General Acknowledgement. This Agreement is entered into for the purpose of permitting the development of the Property in a manner that will assure certain anticipated benefits to both City and Owner as set forth in this Section.
6.1. Benefits to City and Obligations of Owner. The benefits to City (including, without limitation, the residents of City) and obligations of Owner under this Agreement include, but are not limited to:
6.1.1. Construction of the Project in a maximum of two phases which increases residential stock in the City by adding up to 370 market rate apartments with a mix of unit types;
6.1.2. Provision for Fifty (50) affordable to Low Income Households apartment units in the podium buildings made up of 20 two-bedroom units, 26 onebedroom units, and 4 studio units;
6.1.3. Provision for four (4) Moderate Income Household apartment units which is defined as a household at or below 120 percent of the Area Median Income.
The Project’s Moderate Income Household units shall comprise of two (2) studio and two (2) one-bedroom units;
6.1.4. Removal of non-conforming uses and blighted structures, and replacement with conforming mixed-use residential and commercial uses and structures;
6.1.5. Construction of a commercial retail and restaurant uses with parking and various amenities;
6.1.6. Publicly accessible exterior plazas and open spaces with a dog park, pocket parks and pathways as generally shown on Exhibits B and C equating to approximately 124,170 or 59% of the total building footprint square footage, including two large exterior public plazas with a minimum dimension of 20 feet;
6.1.7. Provision of necessary fees, dedications and public improvements that will provide benefits for the community;
6.1.8. Approximately 4,000 square feet of work/share space;
6.1.9. Enhanced architectural design with appropriate massing and scale, extensive articulation, glazing, and extensive detailing with upgraded materials;
6.1.10. Undergrounding of overhead electrical and other lines and removal of up to four (4) power poles along Foothill Drive; Item No. 8A
6.1.11. Integrate sustainable features including but not limited to rooftop solar farm and EV charging stations. Additionally, 5% of the total parking spaces (40 spaces) will be equipped with EV chargers on the first day the apartments are approved to be occupied. 30% of the parking spaces (240 spaces) will be Future EV Ready. The combination of EV Ready and Future EV ready equates to 35% of the total 802 parking spaces. Owner will also be installing all electric appliances for all 420 residential units, and a dedicated car sharing program, all which go beyond Title 24 requirements. Exhibit E is attached which outlines the green initiatives vision for T.O.
Ranch;
6.1.12. Seven (7) live/work units which results in the Project providing vehicular trip reduction benefits as a result of the dedication of live/work units and work share space for use by the residents of T.O. Ranch. In addition, onsite retail and restaurants will also result in fewer vehicle miles traveled thereby reducing air, noise, and traffic impacts on the community at-large;
6.1.13. Owner’s agreement to construct a lecture room / tutoring center in the residential amenity space with a dedication to allow the space to be used for school tutoring for children residing at T.O. Ranch.
6.2. Benefits to Owner and Obligations of City. Owner will expend time and money in constructing public improvements and facilities in connection with the Project, and thus the vested rights provided by this Agreement will be of considerable benefit to Owner. The benefits to Owner and obligations of City also include the following:
6.2.1. City’s adoption of a General Plan amendment, Zone Change and Specific Plan and approval of the other Project Approvals to provide for mixed use including retail, restaurants, and residential units on the property, which significantly enhances the value of the Property;
6.2.2. Consistent with California Government Code Section 65915, the City’s approval of 91 “density bonus” market rate units above and beyond the 329 base density units permitted by the General Plan’s 30 dwelling units per acre limitation, in exchange for 50 affordable units reserved for Lower Income Households (i.e., 15% of the 329 base density units);
6.2.3. City’s adoption of a General Plan amendment that provides for commercial/retail uses as detailed in the attached exhibits;
6.2.4. City’s guarantee that certain Processing Fees and Development Fees related to development of the Property will not increase during the term of the Agreement;
6.2.5. City’s agreement to allow Owner to defer payment of City Development Fees for up to twenty-four (24) months from the Agreement Effective Date; Item No. 8A
6.2.6. City’s agreement to allow Owner to have all applications for City entitlements processed in accordance with the Project Approvals and Applicable Laws during the Term of this Agreement. All Project Approvals will last for the Term of the Agreement unless terminated by mutual consent or pursuant to the rights and authority provided for under this Agreement;
6.2.7. City’s agreement to not change the existing zoning and General Plan designations of the Property without Owner’s consent during the Term of this Agreement; and
6.2.8. City’s assurance that any permits for the Project as described herein for which owner has submitted plans entitled “Project Plans” (attached as Exhibit F) will be processed expeditiously and assigned a dedicated City planner.
7. Project Development
7.1. Project Description and Binding Covenants. The Property is that property described in the attached Exhibits A and B which include a map showing its location and boundaries. The Property is commonly described as located at 325 and 391 Hampshire Road, Thousand Oaks, California A.P.N.s 676-0-150-375, -365 and -285.
Owner represents that it has a legal or equitable interest in the Property and that all other persons holding legal or equitable interests in the Property (excepting owners or claimants in easements) agree to be bound by this agreement. The Parties intend and determine that the provisions of this Agreement shall constitute covenants which shall run with said Property, and the burdens and benefits hereof shall bind and inure to all successors in interest to the Parties hereto.
7.2. General Development. Any development of the Project on the Property shall be conducted in accordance with the terms and conditions of this Agreement and attached exhibits.
7.3. Ministerial Approvals. City hereby agrees that Ministerial Approvals for the Project will be approved in a manner consistent with the Project Approvals and Applicable Laws, provided that Owner satisfactorily complies with all preliminary procedures, actions, payments, criteria, and regulations applicable as of the Agreement Effective Date and generally required of developers by City for processing applications for developments at such time.
7.4. CEQA Compliance. The City Council approved the current General Plan Land Use Element designation and zoning for the Property after considering the information and findings of the Environmental Checklist for this Project and EIR No. 2021- 70442. The Project is subject to all applicable mitigation measures and project design features as described in EIR No. 2021-70442.
7.5. Permitted Uses and Development Standards. In accordance with and subject to the terms and conditions of this Agreement, Developer shall have a vested Item No. 8A
right to develop the Property for the uses and in accordance with and subject to the terms and conditions of this Agreement, the Project Approvals, the Future Development Entitlements (if and when approved), Ministerial Approvals (if and when approved), any amendments to the foregoing approved by the City, and, to the extent not addressed in the foregoing, the Applicable Laws, the exhibits attached hereto and incorporated herein by reference, and any amendments to the Project Approvals or Agreement as may, from time to time, be approved pursuant to this Agreement.
7.6. Owner to Build Approved Project. Owner hereby agrees that development of the Project shall be in accordance with the Project Approvals, including the conditions of approval and the mitigation measures and project design features for the Project as adopted by City, any amendments to the Project Approvals or Agreement as may, from time to time, be approved pursuant to this Agreement, the Future Development Entitlements (if and when approved), Ministerial Approvals (if and when approved), any amendments to the foregoing approved by the City, and, to the extent not addressed in the foregoing, the Applicable Laws. Nothing in this Section shall be construed to restrict the ability to make minor changes and adjustments in accordance with Subsection 10.2. Notwithstanding the foregoing, nothing in this Agreement shall require Owner to construct the Project or pay fees for any portion of the Project that Owner does not construct.
7.7. Timing of Development. The California Supreme Court held in Pardee Construction Co. v. City of Camarillo, 37 Cal.3d 465 (1984), that failure of the parties in that case to provide for the timing of development resulted in a later adopted initiative restricting the timing of development to prevail over the parties’ agreement. It is the intent of Developer and the City to cure that deficiency by expressly acknowledging and providing that any future City action that purports to limit over time the rate or timing of development or to alter the sequencing of development phases (whether adopted or imposed by the City Council or through the initiative or referendum process) shall not apply to the Project and shall not prevail over this Agreement. In particular, but without limiting any of the foregoing, no numerical restriction shall be placed by the City on the amount of total square feet or the number of buildings, structures, residential units that can be built each year on the Property except as expressly provided in this Agreement.
The Project shall be completed within the Term unless extended pursuant to this Agreement. Owner intends to submit plans for building permits within the first year of the Term, subject to unforeseen delays. .
8. Rules, Regulations, and Fees.
8.1. Main Rules, Regulations, Ordinances and Policies. For the Term of this Agreement, the rules, regulations, ordinances and official policies governing the permitted uses of land, the density and intensity of use, phasing, design, improvement and construction standards and specifications applicable to the development of the Property, including the maximum height and size of proposed buildings, shall be the Applicable Laws, the Project Approvals, Conditions of Approval (Exhibit D), the Future Development Entitlements (if and when approved), Ministerial Approvals (if and when Item No. 8A
approved), any amendments to the foregoing approved by the City, and Project Plan Set dated May 3, 2022 (Exhibit C). Except as otherwise provided in this Agreement, to the extent any future changes in the General Plan, zoning codes or any future rules, ordinances, regulations, or policies adopted by the City purport to be applicable to the Property but are inconsistent with the terms and conditions of this Agreement, the terms of this Agreement shall prevail, unless the Parties mutually agree to amend or modify this Agreement.
8.2. Changes in State and Federal Rules and Regulations. Nothing in this Agreement shall preclude the application to the development of the Property of changes in City’s laws, regulations, plans, or policies, the terms of which are specifically mandated and required by changes in state and federal laws or regulations as provided in Government Code Section 65869.5. This includes, but is not limited to, the California Building Code, California Fire Code, California Mechanical Code, California Plumbing Code, California Residential Code, California Green Building Standards Code, and California Energy Code all of which have also been adopted in the TOMC. In the event State or federal laws or regulations enacted after the Agreement Date prevent or preclude compliance with one or more provisions of this Agreement or require changes in plans maps or permits approved by the City, this Agreement, or portions thereof, may be modified, extended, or suspended as may be necessary to comply with such State or federal laws or regulations or the regulations of such other governmental jurisdiction.
8.3. No City Liability for Federal or State Actions Affecting Project. To the extent that any actions of federal or state agencies (or actions of regional and local agencies, including City, insofar as they are required by said federal or state agencies) have the effect of preventing, delaying, or modifying development of the Property, City shall not in any manner be liable for any such prevention, delay, or modification of said development or for costs incurred by Developer in complying with such actions. To the extent possible, in the event of any ambiguity, any such regulations shall be applied and construed so as to provide the Owner with the rights and assurances provided under this Agreement.
8.4. Development Impact Fees and Public Benefit Program Cash Contribution. All City Processing Fees and Development Fees to Owner for the Project shall be at the rates in effect on the Agreement Effective Date. Fees payable directly to, or collected by City for payment on behalf of, other public agencies, including but not limited to the State of California, County of Ventura, Ventura County Watershed Protection District, Calleguas Municipal Water District, Conejo Recreation and Park District, and Conejo Valley Unified School District, are not subject to the limitation set forth herein. Any fees, charges, taxes, assessments, or levies (including, but not limited to, those for water and wastewater usage, and landscape and lighting assessments) other than Processing Fees and Development Fees that are revised or adopted on a Citywide or regional or communitywide basis during the term of this Agreement shall apply to the Property. Owner shall be entitled to fee credits where Owner demonstrates credits should be applied.
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8.5. Health and Safety Exception. Nothing herein shall be construed to limit the authority of City to adopt and apply codes, ordinances and regulations which have the legal effect of protecting persons or property from conditions which create a serious and imminent health, safety, or physical risk. To the extent possible, any such codes, ordinances, and regulations shall be applied and construed so as to provide the Owner with the rights and assurances provided under this Agreement.
8.6. Uniform Codes Applicable. All project construction, grading, and building plans for the Project shall comply with the uniform codes, construction standards and specifications in effect at the time the construction and improvements plans are approved, including those standards and specifications set forth in the California Building Code, California Fire Code, California Mechanical Code, California Plumbing Code, California Residential Code, California Green Building Standards Code, and California Energy Code all of which have also been adopted in the TOMC.
8.7. Future Development Entitlements. City agrees to cooperate with Owner to facilitate the processing of and to expeditiously process all Future Development Entitlements and City shall exercise its discretion in a manner consistent with and in recognition of this Agreement, the Project Approvals, the Applicable Laws, and other approved documents associated with this Agreement. City and Owner shall meet to identify all necessary Future Development Entitlements and to develop a schedule processing them. City and Owner agree to cooperatively work together to ensure timely review and processing of the Future Development Entitlements.
9. Relationship of Parties. The contractual relationship between City and Owner is independent and under no circumstances shall Owner be considered an agent or partner of City.
10. Amendments and Cancellation of Agreement. This Agreement may be amended in whole or in part only in writing and only by the mutual consent of the Parties.
Amendments shall be processed either as Major Amendments or Minor Amendments, as defined and set forth below in Subsections 10.1 and 10.2.
10.1. Major Amendments. Amendments to this Agreement which affect or relate to (a) the Term of this Agreement; (b) the permitted uses of the Property; (c) the provisions for the reservation or dedication of land; (d) an increase in the density or intensity of use of the Property or the maximum height or maximum gross square footage; (e) changes to the percentage of commercial uses to residential use; or (f) changes to the community benefits affecting the total monetary contributions by Developer, shall be deemed a “Major Amendment” and shall require giving of notice and a public hearing before the Planning Commission and the City Council in accordance with Government Code Section 65868 and TOMC Section 9-11.14(a). Any amendment which is not a Major Amendment shall be deemed a Minor Amendment subject to Subsection 10.2 below.
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Consistent with Sections 10.1 and 10.2, the City Manager or his or her designee shall have the discretionary authority to determine if any amendment is a Major Amendment subject to this Section or a Minor Amendment subject to Subsection 10.2 below. Said determination may be appealed to the City Council.
10.2. Minor Amendments. The Parties acknowledge that refinement and further implementation of the Project may demonstrate that certain minor changes may be appropriate with respect to the details of the development and performance of the Parties under this Agreement, Minor changes include any modification to the Project that is substantially consistent with the intent of the Project Approvals and does not involve any deviation from the Specific Plan No. 22 or Applicable Laws. The Parties desire to retain a certain degree of flexibility with respect to the details of the Project and with respect to those items covered in the general terms of this Agreement. If and when the Parties find that clarifications, minor changes, or minor adjustments are necessary or appropriate and do not constitute a Major Amendment under Subsection 10.1, they shall effectuate such clarifications, minor changes or minor adjustments through a written Minor Amendment approved in writing by Owner and the City Manager. Minor amendments authorized by this subsection are ministerial and may not constitute a discretionary action or “amendment” for the purposes of Government Code Sections 65867, 65867.5, and 65868. Unless otherwise required by law, no such Minor Amendment shall require prior notice or hearing.
11. Cancellation and Termination. This Agreement may be canceled, in whole or in part, by mutual consent of the Parties in the manner provided for in Government Code Section 65868 and TOMC Section 9-11.14. Any termination under Government Code Section 65865.1 or TOMC Section 9-11.14(b) shall be effective only if Owner is provided no less than thirty (30) days in which to cure any alleged noncompliance, provided that City shall not terminate this Agreement pursuant to Section 65865.1 or Section 9-11.14(b) if City determines that the nature of the noncompliance requires more than thirty (30) days to cure and that Owner is capable of effecting such cure, and within such thirty (30) days Owner commences such cure and thereafter diligently and with continuity prosecutes such cure to completion. Any termination of this Agreement pursuant to Government Code Section 65865.1 or TOMC Section 9-11.14(b) shall be preceded by an opportunity for Owner to be heard before the City Council. This provision shall not limit City’s or Owner’s remedies as provided in this Agreement.
12. Enforcement. Unless canceled or terminated as provided herein, this Agreement is enforceable by City, Owner, or any successor in interest, notwithstanding any change in any applicable General or specific plan, zoning, or subdivision regulation adopted by City or otherwise imposed which alters or amends the rules, regulations or policies specified in this Agreement.
13. Periodic Review of Compliance with Agreement.
13.1. Periodic Review. City may review compliance with this Agreement every twelve (12) months from the date this Agreement is executed unless a shorter time Item No. 8A
is specified by the City Council. City shall notify Owner in writing of the date for review at least thirty (30) days prior thereto, and Owner shall provide such information as City may require so City may properly perform the review. The City shall conduct any such annual review to determine whether Developer is acting in good-faith compliance with the provisions of this Agreement in accordance with Section 65865.1 of the California Government Code. Developer shall reimburse the City for the cost of each annual review conducted during the term of this Agreement. Such cost reimbursement shall include all direct and indirect expenses actually incurred in such annual reviews, provided that such cost shall be generally consistent with the cost changed for annual reviews for other development agreements to which the City is a party.
13.2. Good Faith Compliance. During each periodic review, Owner shall be required, in accordance with TOMC Section 9-11.13, to demonstrate by substantial evidence good faith compliance with the terms and conditions of this Agreement.
14. Events of Default.
14.1. Defaults by Owner. If City determines that Owner is in default under the terms and conditions of this Agreement, City shall, by written notice to Owner, specify the manner in which Owner is in default and state the steps Owner must take to comply.
If, within thirty (30) days after the effective date of notice from City specifying the manner in which Owner has failed to so comply, Owner does not commence all steps reasonably necessary to comply as required and/or thereafter diligently and with continuity pursue such steps to cure the default, then Owner shall be deemed to be in default under the terms of this Agreement and City may seek to terminate this Agreement providing Owner an opportunity to be heard before the City Council in accordance with Government Code Section 65865.1 and TOMC Section 9-11.14(b), or seek other remedies as set forth in this Agreement.
14.2. Defaults by City. If Owner determines that City is in default under the terms and conditions of this Agreement, Owner shall, by written notice to City, specify the manner in which City is in default and state the steps City must take to comply. If, within thirty (30) days after the effective date of notice from Owner specifying the manner necessary to comply as required and/or thereafter diligently and with continuity pursue such steps to completion, then City shall be deemed to be in default under the terms of this Agreement and Owner may terminate this Agreement or seek other remedies as set forth in this Agreement.
14.3. Failure to Cure Default Procedures. If after the cure period has elapsed, the Director finds and determines that Owner remains in default, the Director shall make a report to the City Council and then set a public hearing in accordance with the notice and hearing requirements of Government Code Section 65867 and 65868. If, after public hearing, the City Council finds and determines, on the basis of substantial evidence that the Owner has not cured the applicable default pursuant to this Section, City Council may terminate the Agreement and seek all remedies permitted under law.
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14.4. No Monetary Damages. It is acknowledged by the Parties that neither the City nor Owner would have entered into this Agreement if it were liable in monetary damages under or with respect to this Agreement or the application thereof.
The Parties agree and recognize that, as a practical matter, it may not be possible to determine an amount of monetary damages that would adequately compensate Owner for its investment of time and financial resources in planning to arrive at the kind, location, intensity of use, and improvements for the Project, nor to calculate the consideration the City would require to enter into this Agreement to justify the exposure. Therefore, the Parties agree that each of the Parties may pursue any remedy at law or equity available for any breach of any provision of this Agreement, except that neither Party nor any Transferee shall be liable in monetary damages and the Parties covenant not to sue for or claim any monetary damages for the breach of any provision of this Agreement. The Parties understand and agree, however, that nothing in this Section 14.4 shall prohibit, restrict, or otherwise affect the rights of a Party to seek monetary damages as a result of Owner's failure to make the required Benefit Payments or pay to the City any other required payments under this Agreement. If Owner fails to make the Public Benefit Payments as required by this Agreement, the City shall be entitled to sue for the City's actual, direct monetary damages in the amount of such unpaid Benefit Payments. In no event shall either Party be entitled to special, consequential, or punitive damages or damages measured by lost profits.
14.5. Commencement of Legal Action. In addition to any other rights or remedies, either Party may initiate legal action to cure, correct, or remedy any default, to enforce any covenants or agreements herein, to enjoin any threatened or attempted violation hereof, to recover damages or any default, or to obtain any other remedies consistent with the purpose of this Agreement. Venue for such action shall be in Ventura County.
15. Waivers and Delay.
15.1. Waiver. Failure by a Party to insist upon the strict performance of any of the provisions of this Agreement by the other Party, and failure by a Party to exercise its rights upon a default by the other Party hereto, shall not constitute a waiver of such Party’s right to demand strict compliance by such other Party in the future.
15.2. Third Parties. Non-performance shall not be excused because of a failure of a third person, except as provided in Subsection 15.4.
15.3. Covenant Not to Sue. Notwithstanding anything to the contrary in this Agreement, Developer hereby agrees that neither Developer nor any of its agents, employees, representatives, members, managers, officers, assigns, heirs and successors in interest shall commence, prosecute, assist, promote or encourage, financially or otherwise, either individually or in any collective way, either directly or indirectly, either on its own behalf or on behalf of any other person or entity, any arbitration, litigation or any other judicial proceeding of any kind, nature or description against or involving the City challenging that any applicable conditions, mitigation Item No. 8A
measures, obligations, requirements or restrictions contained in the Agreement violate any California statutory requirements, constitute an abuse of the police power, violate substantive due process, deny equal protection of the laws, constitute or result in a taking of property without payment of just compensation, or impose an unlawful fee, or exaction or tax. Nothing in this Section shall prevent Developer from exercising its rights under Section 14, above, with respect to a default by the City.
15.4. Force Majeure. The Parties shall not be deemed to be in default of any provision of this Agreement where failure or delay in performance of any of its obligations under this Agreement is caused by floods, earthquakes, other Acts of God, fires, wars, riots or similar hostilities, pandemic, states of emergency, stay-at-home orders, strikes and other labor difficulties, or similar events and occurrences beyond the Parties’ control. If any such events shall occur, the terms of this Agreement and the time for performance by a Party of any of its obligations hereunder shall be extended by the period of time that such events prevented performance of the obligation. To assist the Parties in determining the period of time for excusable delay, the Parties may refer to federal, State, and local orders, including health orders, adopted by any of the various agencies that directly impact this Project and the Parties’ ability to either work on the Project or process permits.
15.5. Nexus/Reasonable Relationship Challenges. Notwithstanding Subsection 15.1, Owner consents to, and waives any rights it may have now or in the future to bring a nexus/reasonable relationship challenge relating to the legal validity of (1) the express conditions, requirements, policies, rules, regulations or programs required by City’s Applicable Laws, including City’s General Plan, TOMC, Subdivision Map Act regulations, Specific Plan No. 22, Residential Planned Development rules and regulations, and Oak/Landmark Tree Preservation rules and regulations as they exist on the Agreement Date as to the Project; or (2) this Agreement, including without limitation, any claim that the Agreement constitutes an abuse of the police power, violates substantive due process, denies equal protection of the laws, constitutes or results in a taking of property without payment of just compensation, or imposes an unlawful fee, exaction, or tax.
15.6. Cooperation by Owner. Owner will, in a timely manner, provide City with all documents, applications, plans, and other information necessary for City to carry out its obligations hereunder, and cause Owner’s planners, engineers, and all other consultants to submit in a timely manner all required materials and documents, therefore.
Owner shall also apply in a timely manner for such other permits and approvals from other governmental or quasi-governmental agencies having jurisdiction over the Property as may be required for the development of the Project.
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16. Notices. All notices required or provided for under this Agreement shall be in writing and delivered in person or sent by certified mail, postage prepaid and email.
Notices required to be given to City shall be addressed as follows:
City of Thousand Oaks
2100 E. Thousand Oaks Boulevard
Thousand Oaks, California 91362
Attention: Community Development Director
Email: [email protected]
Notices required to be given to Owner shall be addressed as follows:
IMT Capital V Hampshire, LLC
15303 Ventura Boulevard, Suite 200
Sherman Oaks, CA 91403
Attention: John Tesoriero
Telephone: 818.784-4700
Email: [email protected]
With a copy to:
Thomas S. Cohen, Esq.
Cohen Land Use Law, LLP
1534 N. Moorpark Road, #337
Thousand Oaks, CA 91360
Email: [email protected]
Formal written notices, demands, correspondence and communications between City and Owner shall be sufficiently given if dispatched by certified mail, postage prepaid, to the principal office of City and Owner, as set forth in this Section. Owner shall give written notice to City, at least thirty (30) days prior to the close of escrow, of any sale or transfer of any portion of the Property and any assignment of this Agreement, specifying the name or names of the transferee, the transferee’s mailing address, the acreage and location of the land sold or transferred, and the name and address of a single person or entity to whom any notice relating to this Agreement shall be given, and any other information reasonably necessary for City to consider approval of an assignment pursuant to Section 16 or any other action City is required to take under this Agreement.
Any notice given as required, herein, shall be deemed given a seventy-two (72) hour notification after deposit in the United States mail, if sent by mail, or upon delivery if personally delivered. A Party may change its address for notices by giving notice in writing to the other Party as required, herein, and thereafter notices shall be addressed and transmitted to the new address.
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17. Cooperation in the Event of Legal Challenge.
17.1. Challenges to Agreement. In the event of any legal action instituted by a third party, including but not limited to any other governmental entity or official, challenging the validity of any provision of this Agreement, City and Owner hereby agree to use reasonable efforts to cooperate in defending such action. Each Party shall bear their own costs and attorney’s fees in defending any such third-party challenge to the Agreement, except that the Parties may by mutual written consent agree to joint legal representation in any such suit, the cost of which shall be equally shared between City and Owner. In the event of any litigation challenging this Agreement, or any portion hereof, this Agreement shall remain in full force and effect while such litigation, including any appellate review, is pending.
17.2. Challenges to Entitlements. In the event of any administrative, legal, or equitable action or other proceeding instituted by any person or entity not a party to the Agreement challenging any entitlement issued in reliance upon City approvals or challenging the sufficiency of any environmental review of this Project (each an “Entitlement Challenge”), each Party must cooperate in the defense of such Entitlement Challenge, in accordance with this Section. Owner agrees to pay City’s costs of defending an Entitlement Challenge, including all court costs and reasonable attorney’s fees incurred by City in defense of any Entitlement Challenge, as well as the time of the City’s staff spent in connection with such defense, and any costs and attorneys’ fees awarded against the City to a successful third party. Owner may select its own legal counsel to represent Owner’s interests in any Entitlement Challenge at Owner’s sole cost and expense. City agrees that it will not enter into a settlement agreement to any Entitlement Challenge without Owner’s written consent. Owner’s obligation to pay City’s costs in the defense of an Entitlement Challenge does not extend to those costs incurred on appeal filed by City as against a successful third party unless otherwise authorized by Owner in writing.
17.3. City’s Right to Independent Legal Evaluation. Nothing in this Section shall be construed as preventing City from independently evaluating its rights, obligations and causes of action in the event of litigation.
18. Transfers and Assigns.
18.1. Transfers in General. Owner shall have the right to sell, assign or transfer (collectively “transfer”) this Agreement, and any and all of its rights, duties and obligations hereunder, to any person or entity at any time during the term of this Agreement, provided, however, in no event shall the rights, duties and obligations conferred upon Owner pursuant to this Agreement be at any time so transferred to or assigned except through a transfer of Owner's interest in the Property or a portion thereof.
18.2. City Review of Proposed Transfer. Prior to any such proposed transfer, Owner shall provide a Notice of Transfer to City, including the name, net worth, and development experience of the transferee. Any such transfer to an entity whose Item No. 8A
development experience confirms the transferee's ability to develop a project comparable in size and complexity to the Project shall be approved by the Community Development Director. Unless agreed to in writing, if Owner transfers the rights under the Agreement before the Project is completely constructed, the subsequent Owner will be required to build or complete the construction of the Project based on the architectural plans approved by City and under the same entitlement conditions previously approved, subject to any changes proposed consistent with subsections 10.1 and 10.2 above. The Director may require the submittal of reasonable documentation regarding the information provided relative to the proposed transferee. Any proposed transferee shall provide City all documents within fifteen (15) days from receipt of the Director’s request that support a finding transferee has the requisite experience and the financial stability to develop the Project or respective portion thereof. The Community Development Director may withhold approval of such transfer only if the proposed transferee fails to provide requested document to the Director in the time set forth above, the Director determines with reasonable discretion that the transfer would be to an entity that has not had experience developing projects of comparable size and complexity to the Project, or the entity does not have sufficient net worth and financial fitness to carry out the Project, provided that the Community Development Director's approval shall not be unreasonably withheld. City shall notify Owner in writing of the Community Development Director’s approval or disapproval of the transferee within thirty (30) days of City's receipt of Owner's Notice of Transfer and all supporting information requested by the Director regarding the proposed transferee. Failure by City to notify Owner within such thirty (30) day period shall constitute the Community Development Director's approval of such transferee. Owner shall have the right to appeal the determination of the Community Development Director to the City Council within ten days of the Director’s determination.
18.3. Transfer to Lender. Nothing contained in this Section 18 shall prevent a transfer of the Property, or any portion thereof, to an institutional lender as a result of a foreclosure or deed in lieu of foreclosure and any lender acquiring the Property, or any portion thereof, as a result of foreclosure or a deed in lieu of foreclosure shall take such Property subject to the rights and obligations of Owner under this Agreement; provided, however, that, in no event shall such lender be liable for any defaults or monetary obligations of Owner arising prior to acquisition of title to the Property by such lender and, provided further that, in no event shall any such lender or its successors or assigns be entitled to a building permit or occupancy clearance for which the applicable permits have not been issued and/or fees have not been paid to City.
18.4. Conditions of Transfer. The sale, transfer or assignment of Owner's rights and interests under this Agreement may be permitted only if (a) Owner is not then in default under this Agreement; (b) Owner has provided to City notice of such transfer; and (c) the transferee executes and delivers to City a written agreement in which (1) the name and address of the transferee is set forth; and (2) the transferee expressly and unconditionally assumes all the obligations of Owner under this Agreement with respect to the Property and Project or with respect to the portion of the Property and Project that is being transferred.
Item No. 8A
18.5. Exceptions to Obtaining City Consent. Notwithstanding Subsection
18.4, mortgages, deeds of trust, sales and leasebacks or any other form of conveyance required for any reasonable method of financing are permitted without consent, but only for the purpose of securing loans of funds to be used for financing or refinancing the development and construction of improvements related to the Project and other necessary and related expenses. The holder of any mortgage, deed of trust or other security arrangement with respect to the Property, or any portion thereof, shall not be obligated under this Agreement to construct or complete improvements or to guarantee such construction or completion, but shall otherwise be bound by all of the terms and conditions of this Agreement. Nothing in this Agreement shall be deemed to construe, permit, or authorize any such holder to devote the Property, or any portion thereof, to any uses, or to construct any improvements thereon, other than those uses, and improvements provided for or authorized by this Agreement, subject to all of the terms and conditions of this Agreement.
18.6. Reorganization of Owner’s Business Structure Exception. Nothing in this Section shall be deemed to constitute or require City consent to an assignment that consists solely of a reorganization of the Developer’s business structure, such as (i) any sale pledge, assignment or other transfer of all or a portion of the Project Site to an entity directly controlled by Developer or its affiliates and (ii) any change in Developer entity form, such as a transfer from a corporation to a limited liability company or partnership, that does not affect or change beneficial ownership of the Project Site; provided, however, in such event, Developer shall provide to City written notice, together with such backup materials or information reasonably requested by City, within thirty (30) days following the date of such reorganization or City’s request for back up information, as applicable.
19. No Third-Party Beneficiaries. This Agreement is for the exclusive benefit of Owner and City and not for the benefit of any other party. There shall be no incidental or other beneficiaries of any of Owner’s or City’s obligations under this Agreement.
20. Severability. If any terms, provisions, conditions or covenants in this Agreement, or the application thereof to any Party or circumstances, shall to any extent be held invalid or unenforceable, the remainder of this Agreement, or the application of such terms, provisions, conditions or covenants to persons or circumstances other than those as to whom or which it is held invalid or unenforceable, shall not be affected thereby and each term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law.
21. Interpretation and Governing Law. This Agreement and any dispute arising hereunder shall be governed and interpreted in accordance with the laws of the State of California. Venue shall be in Ventura County.
22. Section Headings. All section headings and subheadings are inserted for convenience only and shall not affect any construction or interpretation of this Agreement.
Item No. 8A
23. Rules of Construction and Miscellaneous Terms.
23.1. General/Mandatory/Permissive. The singular includes the plural; the masculine gender includes the feminine; “shall” is mandatory, “may” is permissive.
23.2. Time of Essence. Time is of the essence regarding each provision of this Agreement of which time is an element.
23.3. Cooperation. Each Party covenants to take such reasonable actions and execute all documents that may be necessary to achieve the purposes and objectives of this Agreement, provided City shall not be obligated to institute a lawsuit or other court proceeding in this connection.
23.4. Covenant of Good Faith and Fair Dealing. Neither Party shall do anything which shall have the effect of harming or injuring the right of the Party to receive the benefits of this Agreement; each Party shall refrain from doing anything which should render its performance under this Agreement impossible; and each Party shall do everything which this Agreement contemplates that such Party shall do in order to accomplish the objectives and purposes of this Agreement.
23.5. Estoppel Certificates. Either Party may, at any time, and from time to time, deliver written notice to the other Party requesting such Party to certify in writing that, to the knowledge of the certifying Party, (a) this Agreement is in full force and effect and a binding obligation of the Parties; (b) this Agreement has not been amended or modified or, if so amended or modified, identifying the amendments or modifications; and (c) the requesting Party is not in default in the performance of its obligations under this Agreement, or if in default, to describe therein the nature and extent of any such defaults.
The requesting Party may designate a reasonable form of certificate (including a lender’s form) and the Party receiving a request hereunder shall execute and return such certificate or give a written, detailed response explaining why it will not do so within fifteen (15) days following the receipt thereof. The City Manager, or his or her designee, shall be authorized to execute any certificate requested by Developer hereunder. Developer and City acknowledge that a certificate hereunder may be relied upon by tenants, transferees, investors, lenders, partners, bond counsel, underwriters, and other mortgagees. The request shall clearly indicate that failure of the receiving Party to respond within the fifteen (15) day period will lead to a second and final request and failure to respond to the second and final request within five (5) days of receipt thereof shall be deemed approval of the estoppel certificate. Failure of City or Developer to execute an estoppel certificate shall not be deemed a default.
23.6. Project Is Owner’s Undertaking. The development proposed to be undertaken by Owner is a private development, and Owner may exercise full dominion and control over the Project subject only to the limitations and obligations of Owner contained in this Agreement and the Project Approvals.
Item No. 8A
23.7. Entire Agreement. This Agreement and any exhibits hereto or any amendments and addenda that may be executed in accordance with Section 10 herein contains the entire agreement between the Parties and any agreement or representation respecting the matters dealt with herein or the duties of any Party in relation thereto not expressly set forth in this Agreement shall be null and void.
23.8. Recitals. The Recitals set forth in this Agreement are specifically incorporated into and made a part of this Agreement.
24. Binding Effect of Agreement. Development of the Property is hereby authorized and shall be carried out only in accordance with the terms of this Agreement.
The Property and Owner are subject to each term, condition, and covenant of this Agreement.
25. Equitable Servitudes and Covenants Running with the Land. Any successors in interest to City and Developer shall be subject to the provisions set forth in Sections 65865.4 and 65868.5 of the California Government Code. All provisions of this Agreement shall be enforceable as equitable servitudes and constitute covenants running with the land. Each covenant to do, or refrain from doing, some act with regard to the development of the Property: (a) is for the benefit of and is a burden upon the Property; (b) runs with the Property and each portion thereof; and (c) is binding upon each Party and each successor in interest during ownership of the Property or any portion thereof.
Nothing herein shall waive or limit the provisions of Section 18, and no successor owner of the Property, any portion of it, or any interest in it shall have any rights except those assigned to the successor by the developer in writing pursuant to Section 18. In any event, no owner or tenant of an individual completed residential unit within Project shall have any rights under this Agreement.
26. Attorneys’ Fees. In the event of any action between the City and Owner for enforcement or interpretation of any of the terms or conditions of this Agreement, the prevailing party in such action shall be entitled to recover its reasonable costs and expenses, including without limitation court costs and attorneys’ fees actually and reasonably incurred, as awarded by a court of competent jurisdiction. This Section shall survive the termination of this Agreement.
27. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This agreement, not counting the signature page, consists of 27 pages and 6 Exhibits.
28. Hold Harmless Agreement.
28.1. Duty to Hold Harmless, Defend and Indemnify. Excepting as to the extent any loss, property damage or injury arose from the City’s or the City’s officers’, agents’, employees’, or contractors’ breach of this Agreement, or their acts of negligence or willful misconduct, as determined by a court of competent jurisdiction, Developer Item No. 8A
hereby agrees to defend, indemnify, and hold City, its elective and appointive boards, commissions, officers, agents and employees harmless from any liability for damage or claims for damage for personal injury, including death, as well as from claims for property damage arising from this Agreement or alleged to have been caused by Developer or Developer’s contractors, subcontractors, agents or employees operations under this Agreement, whether such operations be by Developer, or by any of Developer’s contractors, subcontractors, or by any one or more persons directly or indirectly employed by or acting as agent for Developer or any of Developer’s contractors or subcontractors.
Developer further agrees to defend, indemnify, and hold harmless the City and its officers and employees, from any third-party claim, action or proceeding against the City or its officers or employees to set aside, void, or annul, all or any part of this Agreement or any Project Approval.
In the event any claim, action, or proceeding is instituted against City, and/or its officers, agents, and employees, by any third party on account of the processing, approval, or implementation of the Project Approvals and/or this Agreement, then the Parties shall comply with Section 17. As an alternative to defending any such action, Developer may request that the City rescind any approved land use entitlement. The City will promptly notify Developer of any known claims, actions, or similar proceedings, and will cooperate fully in the defense thereof.
29. Prevailing Wages. Without limiting the foregoing, Owner acknowledges the requirements of California Labor Code §1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Section 16000 et seq. (“Prevailing Wage Laws”), which require the payment of prevailing wage rates and the performance of other requirements on “public works” and “maintenance” projects, as defined. If on-site or offsite improvements pursuant to this Agreement are being performed by Developer as part of an applicable “public works” or “maintenance” project, as defined by the Prevailing Wage Laws, and if the total compensation under the contract in question is $1,000 or more, Developer agrees to fully comply with such Prevailing Wage Laws. Developer understands and agrees that it is Developer’s obligation to determine if Prevailing Wages apply to work done on the Project or any portion of the Project. Upon Developer’s request, the City shall provide a copy of the then current prevailing rates of per diem wages.
Developer shall defend, indemnify, and hold the city, its elected officials, officers, employees, and agents free and harmless pursuant to the indemnification provisions of this Agreement from any claim or liability arising out of any failure or alleged failure by Developer to comply with the Prevailing Wage Laws associated with any “public works” or “maintenance” projects associated with Project development.
30. Recordation.
30.1. This Agreement and any amendment or cancellation hereof shall be recorded in the Official Records of Ventura County by the Clerk of City within ten (10) days after the Agreement Effective Date and within ten (10) days after any amendment or cancellation hereof. Failure to timely record the Agreement shall not constitute a default or invalidate the Agreement.
Item No. 8A
IN WITNESS WHEREOF, this Agreement is entered into by the parties hereto and made effective as of the Effective Date set forth hereinabove.
CITY OF THOUSAND OAKS,
a municipal corporation
By: __________________________________
Mayor
ATTEST:
_____________________
City Clerk
APPROVED AS TO FORM:
______________________
City Attorney
“OWNER”
IMT CAPITAL V HAMPSHIRE, LLC
By: __________________________________
Name: _____________________ __________
Title: _________________________________
Acknowledgements on following pages.
Item No. 8A
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA
COUNTY OF
On , , before me,
(here insert name and title of the officer)
personally appeared
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature (Seal)
Item No. 8A
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA
COUNTY OF
On , , before me,
(here insert name and title of the officer)
personally appeared
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature (Seal)
Item No. 8A
EXHIBIT “A”
Legal Description of Property
Item No. 8A
Form No. 1068-2 Commitment No.: NCS-950666-LA2
ALTA Plain Language Commitment Page Number: 5
SCHEDULE A
1. Commitment Date: January 06, 2021 at 8:00 A.M.
2. Policy or Policies to be issued: Amount
(A) ALTA Owner's Policy $37,000,000.00
ALTA Extended Owner Policy
Proposed Insured:
IMT Capital V Hampshire LLC, a Delaware limited liability company (B) ALTA Loan Policy $To Be Determined
To Be Determined
Proposed Insured:
To Be Determined
3. (A) The estate or interest in the land described in this Commitment is:
Fee as to Parcel 1, an Easement as to Parcel 2
(B) Title to said estate or interest at the date hereof is vested in:
Ralph Horowitz as Trustee of The Horowitz Family Trust Dated December 01, 1986; Certified Capital, LP, a California Limited Partnership, successor by name change to The Libaw Family LP., a California Limited Partnership (Who Acquired Title as Libaw Family, L.P., a California Limited Partnership); and Asset Acquisitions II, LLC, a California Limited Liability Company successor by name change to Asset Acquisitions, LLC, a Limited Liability Company (who acquired title as Asset Acquisition, LLC) as their interest appears of record
4. The land referred to in this Commitment is situated in the City of Thousand Oaks, County of Ventura, State of California, and is described as follows:
PARCEL 1:
THAT PORTION OF BLOCK 18, THOUSAND OAKS TRACT, IN THE CITY OF THOUSAND OAKS,
COUNTY OF VENTURA, STATE OF CALIFORNIA, ACCORDING TO THE MAP RECORDED IN BOOK 8 PAGE 73 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
COMMENCING AT THE INTERSECTION OF THE CENTER LINE OF PARCEL NO. A-32 LOCALLY KNOWN AS AND CALLED FOOTHILL ROAD, 40 FEET WIDE, WITH THE CENTER LINE OF PARCEL NO. A-30, LOCALLY KNOWN AS AND CALLED HAMPSHIRE ROAD, 40 FEET WIDE, THENCE ALONG THE CENTERLINE OF SAID PARCEL NO. A-30 (HAMPSHIRE ROAD) NORTH 00 DEGREES 13' 37" EAST 20.00 FEET TO THE INTERSECTION OF THE EASTERLY PROLONGATION OF THE NORTHERLY LINE OF SAID PARCEL A-32 (FOOTHILL ROAD); THENCE NORTH 89 DEGREES 52' 53" WEST 20.00 FEET ALONG SAID PROLONGATION TO THE INTERSECTION OF THE NORTHERLY LINE OF SAID PARCEL A-32 (FOOTHILL ROAD - 40.00 FEET WIDE) AND THE WESTERLY LINE OF SAID PARCEL A-30 (HAMPSHIRE ROAD - 40.00 FEET WIDE); THENCE ALONG THE NORTHERLY LINE OF SAID PARCEL A-32 (FOOTHILL ROAD - 40 FEET WIDE), SAID NORTHERLY LINE ALSO BEING THE 1ST COURSE OF THE LAND DESCRIBED IN THE DEED TO BEKINS VAN AND STORAGE CO., RECORDED OCTOBER 08, 1965 AS INSTRUMENT NO. 73132, Item No. 8A
Form No. 1068-2 Commitment No.: NCS-950666-LA2
ALTA Plain Language Commitment Page Number: 6
IN BOOK 2876 PAGE 147 OF OFFICIAL RECORDS OF SAID COUNTY, NORTH 89 DEGREES 52' 53" WEST 239.00 FEET TO THE TRUE POINT OF BEGINNING; THENCE, 1ST. NORTH 00° 13' 37" EAST 280.00 FEET; THENCE,
2ND: SOUTH 89 DEGREES 52' 53" EAST 239.00 FEET TO A POINT ON THE 11TH COURSE OF THE LAND DESCRIBED IN SAID DEED TO BEKINS VAN AND STORAGE CO., SAID POINT BEING DISTANT NORTH 00 DEGREES 13' 37" EAST 280.00 FEET FROM THE SOUTHERLY TERMINUS OF SAID 11TH COURSE,
THENCE ALONG THE BOUNDARY OF SAID LAND OF BEKINS VAN AND STORAGE CO., BY THE FOLLOWING 2 COURSES,
3RD: NORTH 0 DEGREE 13' 37" EAST 570.59 FEET, MORE OR LESS, TO AN ANGLE POINT;
THENCE,
4TH: NORTH 66 DEGREES 51' 08" WEST 440.00 FEET TO AN ANGLE POINT SAID POINT BEING THE SOUTHEASTERLY TERMINUS OF THE 9TH COURSE RECITED AS "SOUTH 39 DEGREES 34' 37" EAST 280.35 FEET" IN SAID DEED TO BEKINS VAN AND STORAGE CO., THENCE 5TH: SOUTH 50 DEGREES 25' 23" WEST 188.00 FEET; THENCE, 6TH: SOUTH 0 DEGREE 13' 37" WEST 40.00 FEET; THENCE,
7TH: SOUTH 50 DEGREES 25' 23" WEST 107.94 FEET; THENCE, 8TH: SOUTH 66 DEGREES 24' 57" WEST 10.00 FEET TO A POINT ON THE 5TH COURSE OF THE LAND DESCRIBED IN SAID DEED TO BEKINS VAN AND STORAGE CO., A RADIAL TO SAID POINT BEARS NORTH 66 DEGREES 24' 57" WEST, SAID POINT BEGINNING OF A NON-TANGENT CURVE CONCAVE SOUTHWESTERLY AND HAVING A RADIUS OF 1611.03 FEET; THENCE ALONG THE BOUNDARY OF SAID LAND OF BEKINS VAN AND STORAGE CO., BY THE FOLLOWING 3
COURSES,
9TH: SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 3 DEGREES 58' 04" AN ARC DISTANCE OF 111.57 FEET TO THE BEGINNING OF A COMPOUND CURVE CONCAVE WESTERLY AND HAVING A RADIUS OF 547.16 FEET; THENCE,
10TH: SOUTHEASTERLY, SOUTHERLY AND SOUTHWESTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 45 DEGREES 59' 01" AN ARC DISTANCE OF 439.13 FEET; THENCE
TANGENT TO SAID CURVE,
11TH: SOUTH 26 DEGREES 22' 02" WEST 57.20 FEET, MORE OR LESS, TO A POINT DISTANT NORTH 26 DEGREES 22' 02" EAST 88.80 FEET FROM THE SOUTHWESTERLY TERMINUS OF THE 3RD COURSE RECITED AS "NORTH 26 DEGREES 22' 02" EAST 146.00 FEET" IN SAID DEED TO BEKINS VAN AND STORAGE CO., THENCE,
12TH: SOUTH 89 DEGREES 52' 53" EAST 149.62 FEET; THENCE, 13TH: SOUTH 0 DEGREE 07' 07" WEST 208.00 FEET TO A POINT ON THE 1ST COURSE AS DESCRIBED IN SAID DEED TO BEKINS VAN AND STORAGE CO., SAID POINT BEING DISTANT NORTH 89 DEGREES 52' 53" WEST 259.95 FEET FROM THE TRUE POINT OF BEGINNING; THENCE ALONG SAID 1ST COURSE,
14TH: SOUTH 89 DEGREES 52' 53" EAST 259.95 FEET TO THE TRUE POINT OF BEGINNING.
EXCEPT ALL MINERALS, OIL, GAS AND KINDRED SUBSTANCES BELOW 500 FEET WITHOUT THE
RIGHT OF SURFACE ENTRY, AS RESERVED BY CLARA KINGSWELL MCCORD, A WIDOW, IN DEED RECORDED MAY 06, 1957 AS DOCUMENT NO. 20015, IN BOOK 1509 PAGE 587 OF OFFICIAL RECORDS.
SAID PARCEL 1 IS ALSO KNOWN AS PARCEL A OF PARCEL MAP LD 57 IN THE CITY OF THOUSAND OAKS, COUNTY OF VENTURA, STATE OF CALIFORNIA AS PER MAP FILED IN BOOK 9 PAGE 90 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 2:
A NON-EXCLUSIVE EASEMENT FOR PARKING PURPOSES AND ACCESS FOR INGRESS AND
EGRESS OVER PARKING AND COMMON SERVICE AREAS, AS PROVIDED THEREIN AND
DESCRIBED IN THAT CERTAIN DECLARATION OF ESTABLISHMENT OF CONDITIONS, COVENANTS AND RESERVATIONS AFFECTING REAL PROPERTY RECORDED SEPTEMBER 03, Item No. 8A
Form No. 1068-2 Commitment No.: NCS-950666-LA2
ALTA Plain Language Commitment Page Number: 7
1970, AS INSTRUMENT NO. 43959, IN BOOK 3715, PAGE 171, OF OFFICIAL RECORDS AND AS MODIFIED IN INSTRUMENT NO. 74397, RECORDED OCTOBER 17, 1973, IN BOOK 4180, PAGE 1,
OF OFFICIAL RECORDS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, EXCEPT THEREFROM THAT PORTION HEREINBEFORE DESCRIBED IN PARCEL 1.
APN: 676-0-150-365 (Affects Portion of the land)
676-0-150-375 (Affects Portion of the land)
Item No. 8A
Order No. 09173068-917-BLB-KRE
This page is only a part of a 2016 ALTA®
Commitment for Title Insurance issued by Commonwealth Land Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I— Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
81C165 Commitment for Title Insurance (Adopted 6-17-06 Revised 08-01-2016) Page 2 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
EXHIBIT A
LEGAL DESCRIPTION
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF THOUSAND OAKS, COUNTY OF VENTURA, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:
PARCEL 1:
PARCEL B OF PARCEL MAP LD-57, IN THE CITY OF THOUSAND OAKS, COUNTY OF VENTURA, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 9, PAGE 90 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 2:
AN EASEMENT FOR INGRESS AND EGRESS OVER THE NORTHERLY 20.00 FEET OF THE EASTERLY
20.00 FEET OF PARCEL C, IN THE CITY OF THOUSAND OAKS, COUNTY OF VENTURA, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 9, PAGE 90 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
APN: 676-0-150-285
Item No. 8A
EXHIBIT “B”
Site Plan
Item No. 8A
Item No. 8A
EXHIBIT “C”
Project Plan Set dated May 3, 2022
Item No. 8A
FORMAL SUBMITTAL REVISION
MAY 03, 2022
#2018762
T.O. RANCH - HAMPSHIRE ROAD
THOUSAND OAKS , CA THOUSAND OAKS , CA
Item No. 8A
Item No. 8A
A - 3
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
AERIAL SITE VIEW
N
Item No. 8A
A - 5
MAY 03, 2022
FORMAL SUBMITTAL T.O. RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
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Ed ϬhE/d^ Ϭ^& Ϭ^& Ϭ^& Ϭ^& Ϭ^& Ϭ^& Ϭ^& Ϭ^& ϵϰ͕ϭϵϴ^& ϵϰ͕ϭϵϴ^& ϭƐƚ&>KKZ ϮϭhE/d^ ϭϳ͕ϲϵϱ^& ϭ͕ϳϱϳ^& ϭϵ͕ϰϱϮ^& ϳ͕ϯϬϮ^& ϰ͕ϰϱϭ^& ϭϭ͕ϳϱϯ^& ϳ͕ϱϬϬ^& ϯϴ͕ϳϬϱ^& ϰϰ͕ϳϰϲ^& ϴϯ͕ϰϱϭ^& ϮŶĚ&>KKZ ϲϰhE/d^ ϱϱ͕Ϭϳϭ^& ϳ͕ϭϲϭ^& ϲϮ͕ϮϯϮ^& ϭϭ͕Ϭϭϲ^& ϭ͕ϯϱϬ^& ϭϮ͕ϯϲϲ^& Ϭ^& ϳϰ͕ϱϵϴ^& Ϭ^& ϳϰ͕ϱϵϴ^& ŽͲtŽƌŬŝŶŐ ϭ͕ϴϴϵ^& ϯƌĚ&>KKZ ϲϲhE/d^ ϱϲ͕ϴϱϬ^& ϰ͕ϲϵϲ^& ϲϭ͕ϱϰϲ^& ϭϬ͕ϴϯϲ^& Ϭ^& ϭϬ͕ϴϯϲ^& Ϭ^& ϳϮ͕ϯϴϮ^& Ϭ^& ϳϮ͕ϯϴϮ^& >ŽďďLJ ϭ͕ϲϴϳ^& ϰƚŚ&>KKZ ϱϯhE/d^ ϰϰ͕Ϭϳϰ^& ϰ͕ϲϴϵ^& ϰϴ͕ϳϲϯ^& ϴ͕ϳϲϯ^& ϲϲϱ^& ϵ͕ϰϮϴ^& Ϭ^& ϱϴ͕ϭϵϭ^& Ϭ^& ϱϴ͕ϭϵϭ^& ŝĐLJĐůĞƐ ϴϳϱ^& dŽƚĂů ϮϬϰhE/d^ ϭϳϯ͕ϲϵϬ^& ϭϴ͕ϯϬϯ^& ϭϵϭ͕ϵϵϯ^& ϯϳ͕ϵϭϳ^& ϲ͕ϰϲϲ^& ϰϰ͕ϯϴϯ^& ϳ͕ϱϬϬ^& Ϯϰϯ͕ϴϳϲ^& ϭϯϴ͕ϵϰϰ^& ϯϴϮ͕ϴϮϬ^& dŽƚĂů ϰ͕ϰϱϭ^&
PROJECT DATA BREAK DOWN
MIXED-USE PODIUM BUILDING A
TOWNHOME BUILDINGS C & D
MIXED-USE PODIUM BUILDING B
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ϲϱ
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'ĂƌĂŐĞWĂƌŬŝŶŐ^ƉĂĐĞƐWƌŽǀŝĚĞĚ ϭϰϮ
^ƵƌĨĂĐĞ'ƵĞƐƚWĂƌŬŝŶŐWƌŽǀŝĚĞĚ ϯϬ
dŽƚĂůdŽǁŶŚŽŵĞWĂƌŬŝŶŐWƌŽǀŝĚĞĚ ϭϳϮ ^ƉĂĐĞƐ
Ͳϭ;ϮĞĚƌŽŽŵͿ
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PROJECT OPEN SPACE TOTALS
PRIVATE OPEN SPACE (BALCONIES & DECKS)
COMMON OPEN SPACE (COURTYARDS & SKYDECKS)
PRIVATE (BUILDING A ) 18,303 SF
PRIVATE (BUILDING B ) 11,497 SF
PRIVATE (BUILDING C&D ) 5,090 SF
COMMON (BUILDING A) 20,201 SF
COMMON (BUILDING B) 20,585 SF
COMMON (BUILDING C&D) 0 SF
TOTAL 75,676 SF
TOTAL SITE AREA = 512,689 SF
TOTAL PRIVATE OPEN SPACE PROVIDED (BALCONY IN A+B+C+D)= 34,890 SF TOTAL COMMON OPEN SPACE PROVIDED (COURTYARD + SKYDECK IN A+B+C+D)= 40,786 SF TOTAL PUBLICLY ACCESSIBLE OPEN SPACE = 124,170 SF
TOTAL OPEN SPACE= 199,846SF
TOTAL OPEN SPACE PROVIDED / TOTAL PROJECT SITE AREA = 199,846 SF / 512,689 SF = 38.98% Item No. 8A
Item No. 8A
Item No. 8A
Item No. 8A
Item No. 8A
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A - 28
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 29
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 30
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 31
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 32
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 33
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 34
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 35
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 36
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 37
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 38
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
A - 39
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
EXISTING VIEW -
FOOTHILL DRIVE
Item No. 8A
A - 40
MAY 03, 2022
FORMAL SUBMITTAL T.O RANCH - HAMPSHIRE RD
Thousand Oaks, CA KTGY# 2018-0762
15303 Ventura Boulevard
Sherman Oaks, CA 91403
PERSPECTIVE VIEW
Item No. 8A
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T.O. RANCH - HAMPSHIRE ROAD
January 7, 2021
Landscape Concept
15303 Ventura Blvd Ste 200
Sherman Oaks, CA 91403
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 2 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403
T.O. RANCH
LANDSCAPE CHARACTER
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 3 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403 LANDSCAPE CHARACTER
Item No. 8A
Item No. 8A
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 6 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403 PROGRAMMING DIAGRAM
HAMPSHIRE ROAD
FOOTHILL DR
FOOTHILL DR
Scale 1” = 80’-0”
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 7 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403
RETAIL VILLAGE
LANDSCAPE CHARACTER
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 8 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403 LANDSCAPE CHARACTER
POCKET PARK
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 9 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403
POCKET PARK
LANDSCAPE CHARACTER
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 10 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403
DOG PARK
LANDSCAPE CHARACTER
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 11 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403
AMENITY COURT
LANDSCAPE CHARACTER
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 12 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403
PASEO GARDEN
LANDSCAPE CHARACTER
Item No. 8A
Item No. 8A
Item No. 8A
10517 Pico Boulevard, Los Angeles, CA 90064
323.815.4564 www.border-la.com
L - 19 LANDSCAPE CONCEPT
JANUARY 7, 2022 Thousand Oaks, CA KTGY# 2018-0782
15303 Ventura Blvd Ste 200 T.O. RANCH - HAMPSHIRE RD
Sherman Oaks, CA 91403
MATERIALS
PAVING
WALLS + PLANTERS
PLANTING
PLANT + HARDSCAPE PALETTE
Olea europaea ‘Swan Hill’
Fruitless Olive Tree
Westringia fruticosa ‘Grey Box’
Grey Box Coast Rosemary
Agave ovatifolia
Whale’s Tongue Agave
Quercus agrifolia
Coast Live Oak
Salvia chamaedryoides
Mexican Blue Sage
Leucospermum cordifolium
‘Flame Giant’
Nodding Pincushion
Arbutus marina
Strawberry Tree
Agave attenuata
Foxtail Agave
Aloe ‘Safari Rose’
Safari Rose Aloe
Platanus racemosa
Western Sycamore
Muhlenbergia dubia
Pine Muhly
Euphorbia amygdaloides
‘Purpurea’
Purple Wood Spurge
Ulmus parvifolia
Chinese Elm
Heteromeles arbutifolia
Toyon
Baccharis pilularis ‘Pigeon
Point’
Pigeon Point Coyote Brush
Ceanothus ‘Julia Phelps’
Small Leaf Mountain Lilac
Sesleria autumnalis
Autumn Moor Grass
Ceanothus griseus var.
horizontalis ‘Yankee Point’
Yankee Point California Lilac
MATERIAL: Integral Color
Concrete
COLOR: Adobe
FINISH: Sandblast
SR VALUE: 0.24
MATERIAL: Concrete
MODEL: Ashlar Tandem
COLOR: Toscana
FINISH: Textured
MATERIAL: Fiberglass Pots
COLOR: Med Grey
FINISH: Sand
MATERIAL: Fiberglass Pots
COLOR: Bronze
FINISH: Sand
MATERIAL: Integral Color
Concrete
COLOR: Sandstone
FINISH: Sandblast
SR VALUE: 0.41
MATERIAL: Integral Color
Concrete
COLOR: Pebble
FINISH: Sandblast
SR VALUE: 0.38
MATERIAL: Concrete
MODEL: Moduline Series
COLOR: Foundry
FINISH: Matte
MATERIAL: Concrete
MODEL: Lafitt Rustic Slab
COLOR: Toscana
FINISH: Textured
MATERIAL: Integral Color
Concrete
COLOR: Omaha Tan
FINISH: Sandblast
SR VALUE: 0.40
Item No. 8A
EXHIBIT “D”
Conditions of Approval
Item No. 8A
EXHIBIT “E”
Greens Initiative Outline for T.O. Ranch
Item No. 8A
T.O. Ranch Green Initiatives
Location + Transportation
- EV charging stations to encourage the use of electric vehicles - Reducing single occupancy trips by implementing car sharing program - Indoor/Outdoor bike parking with electric charging stations - Central location with readily accessible transit
- Walkable location minutes from shopping & dining on Thousand Oaks Blvd. and Westlake Blvd. - Mixed Use development providing the opportunity to live, shop and dine without driving to alternative location.
- On site outdoor park areas and amenity space including community collaborative work spaces allows residents to work and play without driving to alternative location.
Sustainable Sites
- Ample exterior open space to encourages interaction with the environment, social interaction, passive recreation, and physical activities
- Rainwater management systems to retain on-site rainwater runoff - High surface roofing and paving reflectance to reduce the effects of urban heat island - Reducing light pollution and improving nighttime visibility by eliminating direct up lighting throughout the site
Water Efficiency
- Outdoor water use reduction by incorporating native and drought tolerant landscaping - Installation of high-efficiency drip irrigation systems - High efficiency plumbing fixtures to promote water conservation Energy
- Onsite solar photovoltaic farm to reduce the environmental and economic harms associated with fossil fuel energy
Materials + Resources
- Diversion of construction materials to reduce construction/demolition waste disposed of in landfills and incineration facilities
- Sourcing products and materials that have environmentally, economically, and socially preferable life-cycle impacts
Indoor Environmental Quality
- Increased ventilation rates to improve indoor air quality - Low-emitting interior finishes to reduce concentrations of chemical contaminants - Lighting and thermal controls to promote occupants’ comfort and well-being - Ample views of nature and landscape to give occupants connection to outdoor environment Innovation
- LEED Gold Pursuant by U.S. Green Building
- Fitwel Certification Pursuant
- LED lighting to reduce energy consumption for interior and exterior Item No. 8A
- Implementing green cleaning and integrated pest management plan to preserve ecological integrity and to encourage environmentally sensitive site management Item No. 8A
EXHIBIT “F”
2022 Ventura County Income Limits Chart
Item No. 8A
2022 Ventura County Income Limits
Based on current effective median income of Ventura County, as set forth in 25 Cal. Code Regs. Section 6932. These median income numbers are revised annually.
Annual Income 1 Person Household 2 Person Household 3 Person Household 4 Person Household 5 Person Household 6 Person Household 7 Person Household 8 Person Household Acutely Low (15%) $ 12,100 $ 13,850 $ 15,550 $ 17,300 $ 18,700 $ 20,050 $ 21,450 $ 22,850 Extremely Low (30%) $ 26,350 $ 30,100 $ 33,850 $ 37,600 $ 40,650 $ 43,650 $ 46,650 $ 49,650 Very Low (50%) $ 43,900 $ 50,200 $ 56,450 $ 62,700 $ 67,750 $ 72,750 $ 77,750 $ 82,800 Lower (80%) $ 70,250 $ 80,300 $ 90,350 $ 100,350 $ 108,400 $ 116,450 $ 124,450 $ 132,500 Median (100%) $ 80,800 $ 92,300 $ 103,850 $ 115,400 $ 124,650 $ 133,850 $ 143,100 $ 152,350 Moderate (120%) $ 96,950 $ 110,800 $ 124,650 $ 138,500 $ 149,600 $ 160,650 $ 171,750 $ 182,800 As of May 13, 2022 https://www.hcd.ca.gov/grants-funding/income-limits/state-and-federal-income-limits.shtml H:\COMMON\Housing & Redevelopment\Income Limits\2022\HCD2022IncomeLimit.xlsx\Income Limits (Print) 5/16/2022 Item No. 8A
The Draft Environmental Impact Report can be found here:
Draft EIR
The appendices can be found here:
Appendices
ATTACHMENT #10
Item No. 8A
The CEQA Findings (MMRP/SOC/RTC) - Final Environmental Impact Report can be found here:
Final EIR.pdf
The appendices can be found here:
Appendices
ATTACHMENT #11
Item No. 8A
TO: Andrew P. Powers, City Manager
FROM: Clifford G. Finley, Public Works Director
DATE: June 14, 2022
SUBJECT: Landscape and Lighting Assessment District No. 79-2 Annual Levy
RECOMMENDATION:
1. Approve Final Engineer’s Report for Landscape and Lighting Assessment District No. 79-2 FY 2022-23 Assessments.
2. Adopt resolutions approving Engineer’s Report and Ordering Annual Levy of Assessments for FY 2022-23.
FINANCIAL IMPACT:
No Additional Funding Requested. Minimal costs to prepare and review the Engineer’s Report and resolutions are included in the Adopted FY 2021-22 General Fund Budget. The proposed maximum Landscape District and Lighting District assessments for FY 2022-23 are adjusted by the inflationary adjustment factor previously approved by property owners.
BACKGROUND:
The Landscape and Lighting Assessment District (LLAD) is a special assessment area within Thousand Oaks that funds maintenance of street trees, public landscaping, graffiti removal, weed abatement, streetlights, and traffic signals.
Property owners within the LLAD are assessed as part of their annual property taxes collected by Ventura County. Approximately 82 percent of all properties in the City are assessed for lighting, and 43 percent are assessed for landscaping.
Assessments are based on a weighted factor using equivalent benefit units (EBU) to identify a parcel’s share of total assessments based on benefit received. A typical single-family residential property is assigned an EBU of 1.00, and all other property types are assigned EBU’s proportionate to a single-family home. For example, a commercial property that contains three times the square footage and infrastructure as a typical residential home, would be assigned an EBU of 3.00.
Item No.8B
Landscape and Lighting Assessment District No. 79-2 Annual Levy June 14, 2022
On May 24, 2022, City Council adopted resolutions initiating the intent to levy assessments for LLAD 79-2 for FY 2022-23, setting the public hearing for June 14, 2022, and confirming the Preliminary Engineer’s Report. City Council also approved an agreement with the Ventura County Auditor-Controller to provide assessment-levying services and approved associated expenditures.
DISCUSSION/ANALYSIS:
The FY 2022-23 Lighting and Landscape Assessment District Engineer’s Report (Attachment #1) reflects the proposed Landscape and Lighting Budgets. The maximum assessment rate is the maximum rate a property can be assessed within that zone and includes a voter-approved three percent or Consumer Price Index (CPI), whichever is greater, annual increase. The maximum assessment amounts are recommended to be generally adjusted by the allowable annual CPI inflationary increase of 7.51 percent as approved by the property owners.
It is necessary to adjust applied landscape assessments to generate the required revenue for the special benefits received. The assessments pay for particular and distinct (special) benefits over and above the general benefits conferred on properties located within the district or to the public at large. The proposed annual landscape assessments for FY 2022-23 range from $50.58 per EBU (Zone 4), to a maximum annual assessment of $538.34 per EBU (multiple zones).
Assessments for all 39 zones (and four subzones) are proposed to be adjusted by the CPI to cover increased operating and maintenance costs, reduce reliance on ad valorem, and to develop reserves for future capital improvement projects. The proposed applied assessment for Zones 13, 20, 25B, and 34 have been increased up to 10 percent to cover increased maintenance costs and reduce the City subsidy. By law, zone fund operating reserves are permitted a balance of up to 50 percent of each zone’s operating budget and an appropriate fund amount for capital reserve to complete rehabilitation projects.
All EBUs within the lighting zones pay a uniform rate. For FY 2022-23, the proposed lighting assessment rates are adjusted by the approved inflationary (CPI) adjustment of 7.51 percent, an increase of $1.26, resulting in a revised assessment rate of $18.04 per EBU per year. This adjustment is necessary to cover ongoing increases in maintenance and electricity costs for the City’s street lighting and traffic signals.
“Average” Assessments for LLAD 79-2
The Engineer’s Report contains proposed actual assessment rates and maximum allowable assessment rates for every zone. The actual assessment rate is the amount levied on each property within a zone and appears on the property tax bill.
The maximum allowable assessment rate includes a voter-approved CPI annual increase. Of the 39 landscaping zones, 25 of the zones are proposed to be Item No.8B
Landscape and Lighting Assessment District No. 79-2 Annual Levy June 14, 2022
assessed at the maximum rate. There are four zones (13, 20, 25B, and 34) whose assessments were below the maximum rate. Those four zones are proposed to receive up to 10 percent increases in assessment rate to offset increased maintenance expenses. This results in an average District-wide Landscape increase of 7.66 percent. All properties within the Lighting District will be assessed at the maximum rate.
Average assessments for both lighting and landscaping are provided in the following table:
Average Assessments
(per EBU per year)
Lighting Landscape
FY 2021-22 $16.78 $308.16
FY 2022-23 $18.04 $331.75
Increase ($) $ 1.26 $ 23.59
Change (%) 7.51% 7.66%
The attached resolutions are for approval of the final Engineer’s Report (Attachment #2) and for collection of the levied assessments (Attachment #3). The LLAD has for many years provided an integral part of the City’s ability to provide excellent infrastructure and maintenance service to Thousand Oaks residents.
COUNCIL GOAL COMPLIANCE:
Meets the following City Council goals:
C. Operate City government in a fiscally and managerially responsible and prudent manner to ensure that the City of Thousand Oaks remains one of California's most desirable places to live, work, visit, recreate, and raise a family.
F. Provide and enhance essential infrastructure to ensure that the goals and policies of the Thousand Oaks General Plan are carried out and the City retains its role and reputation as a leader in protecting the environment and preserving limited natural resources.
PREPARED BY: Jim Taylor, Sr. Civil Engineer
Attachments:
Attachment #1 – Final Engineer’s Report
Attachment #2 – Resolution Approving Engineer’s Report
Attachment #3 – Resolution Ordering Levy and Collection of Assessments DPW: 830-40\jlt\etm\Council\2022\061422\LLAD 79-2 Levying of Annual Assessments staff report.docx Item No.8B
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Ed/'ZDŽĨƚŚĞŝƐƚƌŝĐƚ͘^ĂŝĚŝĂŐƌĂŵƐƐŚĂůůƐŚŽǁƚŚĞĞdžƚĞƌŝŽƌďŽƵŶĚĂƌŝĞƐŽĨƚŚĞ ŝƐƚƌŝĐƚĂŶĚ ƚŚĞ ďŽƵŶĚĂƌŝĞƐ ŽĨĂŶLJ njŽŶĞƐǁŝƚŚŝŶ ƚŚĞŝƐƚƌŝĐƚ͘ ZĞĨĞƌĞŶĐĞŝƐŵĂĚĞ ƚŽ ƚŚĞ ŽƵŶƚLJ ƐƐĞƐƐŽƌΖƐDĂƉƐĨŽƌĂĚĞƚĂŝůĞĚĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞůŝŶĞƐĂŶĚĚŝŵĞŶƐŝŽŶƐŽĨĂŶLJůŽƚƐŽƌƉĂƌĐĞůƐ͘dŚĞ ůŝŶĞƐĂŶĚĚŝŵĞŶƐŝŽŶƐŽĨĞĂĐŚůŽƚƐŚĂůůĐŽŶĨŽƌŵƚŽƚŚŽƐĞƐŚŽǁŶŽŶƚŚĞŽƵŶƚLJƐƐĞƐƐŽƌΖƐDĂƉƐĨŽƌ ƚŚĞ&ŝƐĐĂůzĞĂƌƚŽǁŚŝĐŚƚŚĞZĞƉŽƌƚĂƉƉůŝĞƐ͘
^
d/KEϱ Ŷ ^^
^^D
Ed ZK>>ƐŚŽǁŝŶŐ ƚŚĞ ƉƌŽƉŽƌƚŝŽŶĂƚĞ ĂŵŽƵŶƚ ŽĨ ƚŚĞ ĂƐƐĞƐƐŵĞŶƚ ƚŽ ďĞ ĐŚĂƌŐĞĚ ŝŶ ƉƌŽƉŽƌƚŝŽŶƚŽƚŚĞďĞŶĞĨŝƚƐƚŽďĞƌĞĐĞŝǀĞĚďLJĞĂĐŚůŽƚŽƌƉĂƌĐĞůǁŝƚŚŝŶƚŚĞďŽƵŶĚĂƌŝĞƐĂƐƐŚŽǁŶŽŶ ƚŚĞďĞůŽǁͲƌĞĨĞƌĞŶĐĞĚŝĂŐƌĂŵ͘
Item No.8B
ŝ͘
ŶŐŝŶĞĞƌ͛Ɛ^ƚĂƚĞŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ŝŝ
t,
Z
^͕ŽŶDĂLJϮϰ͕ϮϬϮϮ͕ƚŚĞŝƚLJŽƵŶĐŝů͕ƵŶĚĞƌƚŚĞĐƚ͕ĂĚŽƉƚĞĚŝƚƐZĞƐŽůƵƚŝŽŶ/ŶŝƚŝĂƚŝŶŐWƌŽĐĞĞĚŝŶŐƐĨŽƌ ƚŚĞŶŶƵĂů>ĞǀLJŽĨƐƐĞƐƐŵĞŶƚƐĂŶĚKƌĚĞƌŝŶŐƚŚĞWƌĞƉĂƌĂƚŝŽŶŽĨĂŶ ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ>>EŽ͘ϳϵͲϮ͖
t,
Z
^͕ ƚŚĞ ZĞƐŽůƵƚŝŽŶ ŽĨ /ŶŝƚŝĂƚŝŽŶ ĚŝƌĞĐƚĞĚtĞďďDƵŶŝĐŝƉĂů &ŝŶĂŶĐĞ͕ >>͕ ƚŽ ƉƌĞƉĂƌĞ ĂŶĚ ĨŝůĞ Ă ƌĞƉŽƌƚ ƉƌĞƐĞŶƚŝŶŐƉůĂŶƐĂŶĚƐƉĞĐŝĨŝĐĂƚŝŽŶƐĚĞƐĐƌŝďŝŶŐ ƚŚĞŐĞŶĞƌĂůŶĂƚƵƌĞ͕ůŽĐĂƚŝŽŶ͕ĂŶĚĞdžƚĞŶƚŽĨŝŵƉƌŽǀĞŵĞŶƚƐ ƚŽďĞ ŵĂŝŶƚĂŝŶĞĚ͖ĂŶĞƐƚŝŵĂƚĞŽĨƚŚĞĐŽƐƚƐŽĨƚŚĞŵĂŝŶƚĞŶĂŶĐĞ͕ŽƉĞƌĂƚŝŽŶƐ͕ĂŶĚƐĞƌǀŝĐŝŶŐŽĨƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐĨŽƌ>> EŽ͘ ϳϵͲϮ ĨŽƌ ƚŚĞ ƌĞĨĞƌĞŶĐĞĚ &ŝƐĐĂů zĞĂƌ͖ Ă ĚŝĂŐƌĂŵ ĨŽƌ >> EŽ͘ ϳϵͲϮ ƐŚŽǁŝŶŐ ƚŚĞ ĂƌĞĂ ĂŶĚ ƉƌŽƉĞƌƚŝĞƐ ƚŽ ďĞ ĂƐƐĞƐƐĞĚ͖ ĂŶĚ ĂŶ ĂƐƐĞƐƐŵĞŶƚ ŽĨ ƚŚĞ ĞƐƚŝŵĂƚĞĚ ĐŽƐƚƐ ŽĨ ƚŚĞ ŵĂŝŶƚĞŶĂŶĐĞ͕ ŽƉĞƌĂƚŝŽŶƐ͕ ĂŶĚ ƐĞƌǀŝĐŝŶŐ ŽĨ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ͕ ĂƐƐĞƐƐŝŶŐ ƚŚĞ ŶĞƚ ĂŵŽƵŶƚ ƵƉŽŶ Ăůů ĂƐƐĞƐƐĂďůĞ ůŽƚƐ ĂŶĚͬŽƌ ƉĂƌĐĞůƐ ǁŝƚŚŝŶ >> EŽ͘ ϳϵͲϮ ŝŶ ƉƌŽƉŽƌƚŝŽŶƚŽƚŚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƌĞĐĞŝǀĞĚ͖
EKt d,
Z
&KZ
͕ ƚŚĞ ĂƐƐĞƐƐŵĞŶƚƐ ĂƌĞ ŵĂĚĞ ƚŽ ĐŽǀĞƌ ƚŚĞ ƉŽƌƚŝŽŶ ŽĨ ƚŚĞ ĞƐƚŝŵĂƚĞĚ ĐŽƐƚƐ ŽĨ ŵĂŝŶƚĞŶĂŶĐĞ͕ ŽƉĞƌĂƚŝŽŶĂŶĚƐĞƌǀŝĐŝŶŐŽĨƐĂŝĚŝŵƉƌŽǀĞŵĞŶƚƐƚŽďĞƉĂŝĚďLJƚŚĞĂƐƐĞƐƐĂďůĞƌĞĂůƉƌŽƉĞƌƚLJǁŝƚŚŝŶ>>EŽ͘ϳϵͲϮŝŶ ƉƌŽƉŽƌƚŝŽŶƚŽƚŚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƌĞĐĞŝǀĞĚ͘
Item No.8B
ŝ͘
ŶŐŝŶĞĞƌ͛Ɛ^ƚĂƚĞŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ŝŝŝ
/͕DĂƚƚŚĞǁ
͘tĞďď͕ĂWƌŽĨĞƐƐŝŽŶĂůŝǀŝů
ŶŐŝŶĞĞƌ;ĞŵƉůŽLJĞĚĂƚůďĞƌƚ͘tĞďďƐƐŽĐŝĂƚĞƐĂŶĚƌĞƚĂŝŶĞĚƚŚƌŽƵŐŚ ĂŶĂŐƌĞĞŵĞŶƚďĞƚǁĞĞŶtĞďďDƵŶŝĐŝƉĂů&ŝŶĂŶĐĞ͕>>ĂŶĚŵLJĞŵƉůŽLJĞƌͿ͕ĂĐƚŝŶŐŽŶďĞŚĂůĨŽĨƚŚĞŝƚLJŽĨdŚŽƵƐĂŶĚ KĂŬƐ͕ƉƵƌƐƵĂŶƚƚŽƚŚĞĐƚĚŽŚĞƌĞďLJĂƐƐĞƐƐĂŶĚĂƉƉŽƌƚŝŽŶƚŚĞƚŽƚĂůĂŵŽƵŶƚŽĨƚŚĞĐŽƐƚƐĂŶĚĞdžƉĞŶƐĞƐƵƉŽŶƚŚĞ ƉĂƌĐĞůƐŽĨůĂŶĚǁŝƚŚŝŶ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮůŝĂďůĞƚŚĞƌĞĨŽƌĞĂŶĚďĞŶĞĨŝƚĞĚƚŚĞƌĞďLJ͕ ŝŶƉƌŽƉŽƌƚŝŽŶƚŽƚŚĞĞƐƚŝŵĂƚĞĚďĞŶĞĨŝƚƐƚŚĂƚĞĂĐŚƉĂƌĐĞůƌĞĐĞŝǀĞƐ͕ƌĞƐƉĞĐƚŝǀĞůLJ͕ĨƌŽŵƐĂŝĚŵĂŝŶƚĞŶĂŶĐĞ͕ǁŽƌŬƐŽĨ ŝŵƉƌŽǀĞŵĞŶƚ͕ĂŶĚĂƉƉƵƌƚĞŶĂŶĐĞƐ͘
džĞĐƵƚĞĚƚŚŝƐ ĚĂLJŽĨ ϮϬϮϮ͘
&ŝŶĂůĂƉƉƌŽǀĂů͕ĐŽŶĨŝƌŵĂƚŝŽŶĂŶĚůĞǀLJŽĨƚŚĞĂŶŶƵĂůĂƐƐĞƐƐŵĞŶƚĂŶĚĂůůŵĂƚƚĞƌƐŝŶƚŚĞ ŶŐŝŶĞĞƌΖƐZĞƉŽƌƚǁĞƌĞ
ŵĂĚĞŽŶƚŚĞ ĚĂLJŽĨ ϮϬϮϮ͕ďLJĂĚŽƉƚŝŽŶŽĨZĞƐŽůƵƚŝŽŶEŽ͘ LJŝƚLJŽƵŶĐŝů͘ /dz>
Z<
/dzK&d,Kh^EK<^
^dd
K&>/&KZE/
ĐŽƉLJŽĨƚŚĞƐƐĞƐƐŵĞŶƚZŽůůĂŶĚ
ŶŐŝŶĞĞƌΖƐZĞƉŽƌƚǁĞƌĞĨŝůĞĚŝŶƚŚĞŝƚLJůĞƌŬ͛ƐKĨĨŝĐĞŽŶƚŚĞ ĚĂLJŽĨ ͕ϮϬϮϮ͘
/dz>
Z<
/dzK&d,Kh^EK<^
^dd
K&>/&KZE/
>
Zd͘t
^^K/d
^
Ddd,
t
͘t
WZK&
^^/KE> /s/>
E'/E
Z EK͘
ϯϳϯϴϱ
E'/E
ZK&tKZ<
KE
,>& K& d,
/dz K& d,Kh^E
K<^
^dd
K&>/&KZE/
26 May
Matthew E. Webb Digitally signed by Matthew E.
Webb
Date: 2022.05.26 14:39:07 -07'00'
Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭ
/ŶƚƌŽĚƵĐƚŝŽŶ
dŚĞŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ;͞ŝƚLJ͟ͿĂŶŶƵĂůůLJůĞǀŝĞƐĂŶĚĐŽůůĞĐƚƐƐƉĞĐŝĂůĂƐƐĞƐƐŵĞŶƚƐŽŶƉĂƌĐĞůƐǁŝƚŚŝŶƚŚĞ >ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ;͞ŝƐƚƌŝĐƚ͟ͿŝŶŽƌĚĞƌƚŽĐŽŶƚŝŶƵĞƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨ ůĂŶĚƐĐĂƉĞ ĂŶĚ ůŝŐŚƚŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶ ƚŚĞŝƐƚƌŝĐƚ͘ dŚĞŝƐƚƌŝĐƚǁĂƐ ĨŽƌŵĞĚ ŝŶ ϭϵϳϵ ĂŶĚ ŝƐ ůĞǀŝĞĚ ĂŶŶƵĂůůLJ͕ƉƵƌƐƵĂŶƚƚŽƚŚĞ>ĂŶĚƐĐĂƉŝŶŐĂŶĚ>ŝŐŚƚŝŶŐĐƚŽĨϭϵϳϮ͕WĂƌƚϮŽĨŝǀŝƐŝŽŶϭϱŽĨƚŚĞĂůŝĨŽƌŶŝĂ^ƚƌĞĞƚƐ ĂŶĚ,ŝŐŚǁĂLJƐŽĚĞ;ƚŚĞ͞ϭϵϳϮĐƚ͟ͿĂŶĚƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞĂůŝĨŽƌŶŝĂŽŶƐƚŝƚƵƚŝŽŶƌƚŝĐůĞy///͕ĂĚĚĞĚ ďLJWƌŽƉŽƐŝƚŝŽŶϮϭϴ͘
dŚĞŶŶƵĂů
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚ;͞ZĞƉŽƌƚ͟ͿĚĞƐĐƌŝďĞƐƚŚĞŝƐƚƌŝĐƚ͕ĂŶLJĐŚĂŶŐĞƐƚŽƚŚĞŝƐƚƌŝĐƚŝŶĐůƵĚŝŶŐĂŶLJ ƚĞƌƌŝƚŽƌŝĞƐƚŽďĞĂŶŶĞdžĞĚ͕ŵŽĚŝĨŝĐĂƚŝŽŶƐƚŽƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐŽƌnjŽŶĞƐ͕ĂŶĚƚŚĞƉƌŽƉŽƐĞĚĂƐƐĞƐƐŵĞŶƚƐĨŽƌ &ŝƐĐĂů zĞĂƌ ϮϬϮϮͲϮϯ͘ dŚĞ ŵĂŝŶƚĞŶĂŶĐĞ͕ ŽƉĞƌĂƚŝŽŶ ĂŶĚ ƐĞƌǀŝĐŝŶŐ ŽĨ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚŝŶ ƐƉĞĐŝĨŝĐĂƌĞĂƐŽĨƚŚĞŝƐƚƌŝĐƚƚŚĂƚƉƌŽǀŝĚĞĂƐƉĞĐŝĂůďĞŶĞĨŝƚƚŽƚŚĞƉƌŽƉĞƌƚŝĞƐŝŶƚŚĂƚĂƌĞĂĂƌĞŝĚĞŶƚŝĨŝĞĚĂƐ ŽŶĞƐ͘dŚĞĐŽƐƚƐŽĨƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐĂŶĚƐĞƌǀŝĐĞƐĂƌĞŝĚĞŶƚŝĨŝĞĚĂŶĚďƵĚŐĞƚĞĚƐĞƉĂƌĂƚĞůLJĨŽƌĞĂĐŚŽŶĞ͕ ĂŶĚĞĂĐŚƉĂƌĐĞůǁŝƚŚŝŶĂŽŶĞŝƐĂƐƐĞƐƐĞĚƉƌŽƉŽƌƚŝŽŶĂƚĞůLJĨŽƌŽŶůLJƚŚŽƐĞŝŵƉƌŽǀĞŵĞŶƚƐĂŶĚƐĞƌǀŝĐĞƐƚŚĂƚ ĂƌĞĂƐƉĞĐŝĂůďĞŶĞĨŝƚƚŽƚŚĞƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶƚŚĞŽŶĞ͘dŚĞďƵĚŐĞƚƐĂŶĚĂŶŶƵĂůĂƐƐĞƐƐŵĞŶƚƐĂƌĞďĂƐĞĚŽŶ ƚŚĞŝƚLJ͛ƐĞƐƚŝŵĂƚĞĚĐŽƐƚƚŽŵĂŝŶƚĂŝŶƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐƚŚĂƚƉƌŽǀŝĚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐƚŽƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶ ƚŚĞŝƐƚƌŝĐƚĂŶĚƚŚĞƐƉĞĐŝĨŝĐŽŶĞƐƚŚĞƌĞŝŶ͘&Žƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯƚŚĞŝƐƚƌŝĐƚĐŽŶƐŝƐƚƐŽĨƚŚŝƌƚLJͲŶŝŶĞ;ϯϵͿ ůĂŶĚƐĐĂƉĞďĞŶĞĨŝƚŽŶĞƐ;ŶŽƚŝŶĐůƵĚŝŶŐĨŽƵƌ^ƵďͲŽŶĞƐͿĂŶĚƐŝdž;ϲͿůŝŐŚƚŝŶŐďĞŶĞĨŝƚŽŶĞƐ;ŽŶĞƐƚŚƌŽƵŐŚ &Ϳ͘
dŚĞ ǁŽƌĚ ͞ƉĂƌĐĞů͕͟ ĨŽƌ ƚŚĞ ƉƵƌƉŽƐĞƐ ŽĨ ƚŚŝƐ ZĞƉŽƌƚ͕ ƌĞĨĞƌƐ ƚŽ ĂŶ ŝŶĚŝǀŝĚƵĂů ƉƌŽƉĞƌƚLJ ĂƐƐŝŐŶĞĚ ŝƚƐ ŽǁŶ ƐƐĞƐƐŵĞŶƚ WĂƌĐĞů EƵŵďĞƌ ďLJ ƚŚĞ sĞŶƚƵƌĂ ŽƵŶƚLJ ƐƐĞƐƐŽƌ͛Ɛ KĨĨŝĐĞ͘ dŚĞ sĞŶƚƵƌĂ ŽƵŶƚLJ ƵĚŝƚŽƌͬŽŶƚƌŽůůĞƌ ƵƐĞƐ ƐƐĞƐƐŵĞŶƚ WĂƌĐĞů EƵŵďĞƌƐ ĂŶĚ ƐƉĞĐŝĨŝĐ &ƵŶĚ EƵŵďĞƌƐ ƚŽ ŝĚĞŶƚŝĨLJ ƉƌŽƉĞƌƚŝĞƐ ĂƐƐĞƐƐĞĚĨŽƌƐƉĞĐŝĂůĚŝƐƚƌŝĐƚďĞŶĞĨŝƚĂƐƐĞƐƐŵĞŶƚƐŽŶƚŚĞƚĂdžƌŽůů͘ ƚĂŶŽƚŝĐĞĚĂŶŶƵĂůWƵďůŝĐ,ĞĂƌŝŶŐ͕ƚŚĞŝƚLJŽƵŶĐŝůǁŝůůĐŽŶƐŝĚĞƌĂůůƉƵďůŝĐĐŽŵŵĞŶƚƐĂŶĚǁƌŝƚƚĞŶƉƌŽƚĞƐƚƐ ƌĞŐĂƌĚŝŶŐƚŚĞŝƐƚƌŝĐƚ͛ƐƉƌŽƉŽƐĞĚůĞǀLJŽĨĂƐƐĞƐƐŵĞŶƚƐĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ͘dŚĞŝƚLJŽƵŶĐŝůǁŝůůƌĞǀŝĞǁ ƚŚĞZĞƉŽƌƚĂŶĚŵĂLJŽƌĚĞƌĂŵĞŶĚŵĞŶƚƐƚŽƚŚĞZĞƉŽƌƚŽƌĐŽŶĨŝƌŵƚŚĞZĞƉŽƌƚĂƐƐƵďŵŝƚƚĞĚ͘&ŽůůŽǁŝŶŐĨŝŶĂů ĂƉƉƌŽǀĂů ŽĨ ƚŚĞ ZĞƉŽƌƚ ƚŚĞ ŽƵŶĐŝůǁŝůů ŽƌĚĞƌ ƚŚĞ ůĞǀLJ ĂŶĚ ĐŽůůĞĐƚŝŽŶ ŽĨ ĂƐƐĞƐƐŵĞŶƚƐ ĨŽƌ ƚŚĞ ĨŝƐĐĂů LJĞĂƌ ƉƵƌƐƵĂŶƚ ƚŽ ƚŚĞ ϭϵϳϮ Đƚ͘ /Ŷ ƐƵĐŚ ĐĂƐĞ͕ ƚŚĞ ĂƐƐĞƐƐŵĞŶƚ ŝŶĨŽƌŵĂƚŝŽŶ ǁŝůů ďĞ ƐƵďŵŝƚƚĞĚ ƚŽ ƚŚĞ ŽƵŶƚLJ ƵĚŝƚŽƌͬŽŶƚƌŽůůĞƌĂŶĚŝŶĐůƵĚĞĚŽŶƚŚĞƉƌŽƉĞƌƚLJƚĂdžƌŽůůĨŽƌĞĂĐŚƉĂƌĐĞůŝŶ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ͘ ,ŝƐƚŽƌŝĐĂůĂĐŬŐƌŽƵŶĚĂŶĚƵƌƌĞŶƚ>ĞŐŝƐůĂƚŝŽŶ
WƵƌƐƵĂŶƚƚŽƚŚĞϭϵϳϮĐƚ͕ƚŚĞŝƚLJŽƵŶĐŝůĐŽŶĚƵĐƚƐĂƉƵďůŝĐŚĞĂƌŝŶŐĂŶŶƵĂůůLJƚŽĂĐĐĞƉƚƉƵďůŝĐĐŽŵŵĞŶƚƐĂŶĚ ƚĞƐƚŝŵŽŶLJ͕ƚŽƌĞǀŝĞǁƚŚĞZĞƉŽƌƚĂŶĚĂƉƉƌŽǀĞƚŚĞĂƐƐĞƐƐŵĞŶƚƐƚŽďĞůĞǀŝĞĚŽŶƚŚĞŽƵŶƚLJƚĂdžƌŽůů ĨŽƌƚŚĂƚ ĨŝƐĐĂůLJĞĂƌ͘dŚĞĂƐƐĞƐƐŵĞŶƚƐĂĚŽƉƚĞĚďLJƚŚĞŝƚLJŽƵŶĐŝůĂƌĞƉƌĞƉĂƌĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞϭϵϳϮĐƚĂŶĚ ƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞĂůŝĨŽƌŶŝĂŽŶƐƚŝƚƵƚŝŽŶ͘
/Ŷ &ŝƐĐĂů zĞĂƌ ϭϵϵϴͲϵϵ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ƉƌŽǀŝĚĞĚ ďLJ ƚŚĞ ŝƐƚƌŝĐƚ͕ ƚŚĞ ĐŽƐƚƐ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ƚŚŽƐĞ ŝŵƉƌŽǀĞŵĞŶƚƐĂŶĚƚŚĞďĞŶĞĨŝƚŝŶŐƉƌŽƉĞƌƚŝĞƐǁĞƌĞĐůŽƐĞůLJƌĞǀŝĞǁĞĚĂŶĚĞǀĂůƵĂƚĞĚ͘ƚƚŚĂƚƚŝŵĞ͕ƚŚĞŝƐƚƌŝĐƚ ǁĂƐ ƌĞĞŶŐŝŶĞĞƌĞĚ ƚŽŵŽƌĞĂĐĐƵƌĂƚĞůLJŝĚĞŶƚŝĨLJ ƐƉĞĐŝĨŝĐĂƌĞĂƐŽĨƐƉĞĐŝĂů ďĞŶĞĨŝƚǁŝƚŚŝŶ ƚŚĞŝƐƚƌŝĐƚ͘sĂƌŝŽƵƐ ƚƌĂĐƚƐĂŶĚĚĞǀĞůŽƉŵĞŶƚƐǁĞƌĞŐƌŽƵƉĞĚŝŶƚŽnjŽŶĞƐŽĨďĞŶĞĨŝƚ;ŚĞƌĞĂĨƚĞƌƌĞĨĞƌƌĞĚƚŽĂƐ͞ŽŶĞ͟Žƌ͞ŽŶĞƐ͟Ϳ ďĂƐĞĚŽŶůĞǀĞůƐŽĨƐĞƌǀŝĐĞ͕ƐŝŵŝůĂƌŝƚLJŽĨŝŵƉƌŽǀĞŵĞŶƚƚLJƉĞƐ͕ĂŶĚƉƌŽdžŝŵŝƚLJƚŽƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐ͘^ƵďnjŽŶĞƐ ;Ğ͘Ő͕͘ĂŶĚͿƚLJƉŝĐĂůůLJĚŝƐƚŝŶŐƵŝƐŚďĞƚǁĞĞŶƉƌŽƉĞƌƚŝĞƐƚŚĂƚƌĞĐĞŝǀĞĚŝĨĨĞƌĞŶƚůĞǀĞůƐŽĨƐƉĞĐŝĂůďĞŶĞĨŝƚǁŝƚŚŝŶ ĂŽŶĞ;Ğ͘Ő͘ƉƌŽƉĞƌƚŝĞƐŽŶƉƵďůŝĐǀĞƌƐƵƐƉƌŝǀĂƚĞƐƚƌĞĞƚƐͿ͘/ŶĂĚĚŝƚŝŽŶ͕ƚŚĞŵĞƚŚŽĚŽĨĂƉƉŽƌƚŝŽŶŝŶŐŝƐƚƌŝĐƚĐŽƐƚƐ ;
ƋƵŝǀĂůĞŶƚ ĞŶĞĨŝƚ hŶŝƚ ŵĞƚŚŽĚ ŽĨ ĂƉƉŽƌƚŝŽŶŵĞŶƚͿ ǁĂƐ ƌĞǀŝĞǁĞĚ ĂŶĚ ĞdžƉĂŶĚĞĚ ƚŽ ƉƌŽǀŝĚĞ Ă ŵŽƌĞ ĐŽŵƉƌĞŚĞŶƐŝǀĞ ŵĞƚŚŽĚ ŽĨ ĐĂůĐƵůĂƚŝŶŐ ƚŚĞ ǁĞŝŐŚƚĞĚ ƉƌŽƉŽƌƚŝŽŶĂů ďĞŶĞĨŝƚ ƚŚĂƚ ǀĂƌŝŽƵƐ ƚLJƉĞƐ ŽĨ ƉƌŽƉĞƌƚLJ ƌĞĐĞŝǀĞ ĨƌŽŵ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ͘ dŚŝƐ ƌĞĞŶŐŝŶĞĞƌŝŶŐĞƐƚĂďůŝƐŚĞĚ ĂŵŽƌĞ ĂĐĐƵƌĂƚĞ ƌĞĨůĞĐƚŝŽŶ ŽĨ ƚŚĞ ƐƉĞĐŝĂů ďĞŶĞĨŝƚƐĐŽŶǀĞLJĞĚƚŽĞĂĐŚƉĂƌĐĞůǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚ͘
Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ Ϯ
/Ŷ ĐŽŵƉůŝĂŶĐĞ ǁŝƚŚ ƚŚĞ ƉƌŽǀŝƐŝŽŶƐ ŽĨ ƚŚĞ ĂůŝĨŽƌŶŝĂ ŽŶƐƚŝƚƵƚŝŽŶ ƌƚŝĐůĞ y/// ;WƌŽƉ ϮϭϴͿ͕ ƚŚĞ ĂƐƐĞƐƐŵĞŶƚƐ ĞƐƚĂďůŝƐŚĞĚĨŽƌĞĂĐŚŽŶĞĂŶĚƉƌĞƐĞŶƚĞĚƚŽƉƌŽƉĞƌƚLJŽǁŶĞƌƐĨŽƌĂƉƉƌŽǀĂůĨŽƌ&ŝƐĐĂůzĞĂƌϭϵϵϴͲϵϵ͕ŝŶĐůƵĚĞĚ ĂŶĂƐƐĞƐƐŵĞŶƚĂĚũƵƐƚŵĞŶƚ ĨŽƌŵƵůĂ͘dŚŝƐĂĚũƵƐƚŵĞŶƚ ĨŽƌŵƵůĂǁĂƐĞƐƚĂďůŝƐŚĞĚ ƚŽĂĐĐŽƵŶƚ ĨŽƌŽƌĚŝŶĂƌLJĂŶĚ ƌĞĂƐŽŶĂďůĞ ŝŶĐƌĞĂƐĞƐ ŝŶ ĂŶŶƵĂů ĐŽƐƚƐ ĚƵĞ ƚŽ ŝŶĨůĂƚŝŽŶ ƚŚĞƌĞďLJ ƌĞĚƵĐŝŶŐ ƚŚĞ ĞdžƉĞŶƐĞ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ƌĞͲ ĂƉƉƌŽǀĂů;ŶŽƚŝĐŝŶŐ͕ŵĂŝůŝŶŐ͕ĂŶĚďĂůůŽƚŝŶŐͿĨŽƌƐŵĂůůĂŶĚůŝŵŝƚĞĚĐŽƐƚŝŶĐƌĞĂƐĞƐŝŶƚŚĞĨƵƚƵƌĞ͘dŚŝƐĂƐƐĞƐƐŵĞŶƚ ĂĚũƵƐƚŵĞŶƚ ĨŽƌŵƵůĂ ĂůůŽǁƐ ƚŚĞ ŝƚLJ ŽƵŶĐŝů ƚŽ ĂŶŶƵĂůůLJ ŝŶĐƌĞĂƐĞ ƚŚĞ ŵĂdžŝŵƵŵ ĂƐƐĞƐƐŵĞŶƚ ƌĂƚĞƐ ďLJ ƚŚĞ ŐƌĞĂƚĞƌ ŽĨŝŶĨůĂƚŝŽŶ ;ďĂƐĞĚ ŽŶ ƚŚĞ ŽŶƐƵŵĞƌ WƌŝĐĞ/ŶĚĞdžͶ W/ͿŽƌ ƚŚƌĞĞ ƉĞƌĐĞŶƚ ;ϯйͿ͘ ƉƌŽƉĞƌƚLJ ŽǁŶĞƌ ƉƌŽƚĞƐƚďĂůůŽƚƉƌŽĐĞĞĚŝŶŐǁĂƐĐŽŶĚƵĐƚĞĚĨŽƌƚŚĞƉƌŽƉŽƐĞĚĂƐƐĞƐƐŵĞŶƚƐĂƉƉůŝĐĂďůĞƚŽƚŚĞƚŚŝƌƚLJͲĨŝǀĞůĂŶĚƐĐĂƉĞ ďĞŶĞĨŝƚnjŽŶĞƐĂŶĚƐŝdžůŝŐŚƚŝŶŐďĞŶĞĨŝƚnjŽŶĞƐƚŚĂƚĞdžŝƐƚĞĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚĂƚƚŚĂƚƚŝŵĞ͘KŶ:ƵŶĞϵ͕ϭϵϵϴ͕ƚŚĞ ƉƌŽƉĞƌƚLJŽǁŶĞƌƉƌŽƚĞƐƚďĂůůŽƚƐǁĞƌĞƚĂďƵůĂƚĞĚ͕ĂŶĚƚŚĞƌĞƐƵůƚƐŽĨƚŚĞďĂůůŽƚƚĂďƵůĂƚŝŽŶŝŶĚŝĐĂƚĞĚƉƌŽƉĞƌƚLJ ŽǁŶĞƌĂƉƉƌŽǀĂůŽĨƚŚĞƉƌŽƉŽƐĞĚŝƐƚƌŝĐƚĂƐƐĞƐƐŵĞŶƚƐĂŶĚĂƐƐĞƐƐŵĞŶƚƌĂŶŐĞĨŽƌŵƵůĂ͘ ^ƵďƐĞƋƵĞŶƚůLJ͕ŝŶ&ŝƐĐĂůzĞĂƌϭϵϵϵͲϬϬ͕ĂĚĚŝƚŝŽŶĂůƚĞƌƌŝƚŽƌLJǁĂƐĂŶŶĞdžĞĚƚŽƚŚĞŝƐƚƌŝĐƚƉƵƌƐƵĂŶƚƚŽƉƌŽƉĞƌƚLJ ŽǁŶĞƌƉƌŽƚĞƐƚďĂůůŽƚƉƌŽĐĞĞĚŝŶŐĂŶĚƚǁŽŶĞǁ>ĂŶĚƐĐĂƉĞŽŶĞƐǁĞƌĞĞƐƚĂďůŝƐŚĞĚďƌŝŶŐŝŶŐƚŚĞƚŽƚĂůŶƵŵďĞƌ ŽĨ>ĂŶĚƐĐĂƉĞŽŶĞƐƚŽƚŚŝƌƚLJͲƐĞǀĞŶ͘
/Ŷ&ŝƐĐĂůzĞĂƌϮϬϬϬͲϬϭ͕ĂƐƵƉƉůĞŵĞŶƚĂůĞŶŐŝŶĞĞƌΖƐƌĞƉŽƌƚĨŽƌ>ĂŶĚƐĐĂƉĞŽŶĞϯϮ;ŽƐsŝĞŶƚŽƐͿǁĂƐƉƌĞƐĞŶƚĞĚ ƚŽ ƚŚĞ ŝƚLJ ŽƵŶĐŝů ƚŚĂƚ ĂĚĚƌĞƐƐĞĚ ĂŶ ĞdžƉĂŶƐŝŽŶ ŽĨ ƚŚĞ ůĂŶĚƐĐĂƉĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ǁŝƚŚŝŶ ƚŚĞ ŽŶĞ ĂŶĚ Ă ƉƌŽƉŽƐĞĚ ŝŶĐƌĞĂƐĞĚ ĂƐƐĞƐƐŵĞŶƚ ƚŽ ĐŽǀĞƌ ƚŚĞ ĂƐƐŽĐŝĂƚĞĚ ĐŽƐƚƐ͘ ĂůůŽƚƐ ĨŽƌ ƚŚĞ ĂƐƐĞƐƐŵĞŶƚ ŝŶĐƌĞĂƐĞ ǁĞƌĞ ƉƌĞƐĞŶƚĞĚ ƚŽ ƚŚĞ ƉƌŽƉĞƌƚLJ ŽǁŶĞƌƐ ŽĨ ƌĞĐŽƌĚ ĂŶĚ Ăƚ ƚŚĞ DĂLJ Ϯ͕ ϮϬϬϬ ƉƵďůŝĐ ŚĞĂƌŝŶŐ͕ ƚŚĞ ŝƚLJ ŽƵŶĐŝů ĚĞƚĞƌŵŝŶĞĚƚŚĂƚŵĂũŽƌŝƚLJƉƌŽƚĞƐƚĚŝĚŶŽƚĞdžŝƐƚĂŶĚĂƉƉƌŽǀĞĚƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨƚǁŽ^ƵďͲŽŶĞƐ;ĂŶĚͿ ǁŝƚŚŝŶ>ĂŶĚƐĐĂƉĞŽŶĞϯϮĂŶĚƚŚĞĐŽƌƌĞƐƉŽŶĚŝŶŐŶĞǁŵĂdžŝŵƵŵĂƐƐĞƐƐŵĞŶƚƐĨŽƌƚŚĞŽŶĞĐŽŵŵĞŶĐŝŶŐǁŝƚŚ &ŝƐĐĂůzĞĂƌϮϬϬϬͲϬϭ͘
&Žƌ&ŝƐĐĂůzĞĂƌϮϬϬϯͲϬϰ͕ĂĚĚŝƚŝŽŶĂůƚĞƌƌŝƚŽƌLJǁĂƐĂŶŶĞdžĞĚƚŽƚŚĞŝƐƚƌŝĐƚ͘ƐƵƉƉůĞŵĞŶƚĂůĞŶŐŝŶĞĞƌ͛ƐƌĞƉŽƌƚ ǁĂƐ ƉƌĞƉĂƌĞĚ ŝŶ ĐŽŶŶĞĐƚŝŽŶ ǁŝƚŚ ƚŚŝƐ ĂŶŶĞdžĂƚŝŽŶ ĂŶĚ ƉƌŽƉĞƌƚLJ ŽǁŶĞƌ ƉƌŽƚĞƐƚ ďĂůůŽƚ ƉƌŽĐĞĞĚŝŶŐƐ ǁĞƌĞ ĐŽŶĚƵĐƚĞĚ͘dŚĞďĂůůŽƚƚĂďƵůĂƚŝŽŶŝŶĚŝĐĂƚĞĚƉƌŽƉĞƌƚLJŽǁŶĞƌĂƉƉƌŽǀĂůŽĨƚŚĞƉƌŽƉŽƐĞĚĂƐƐĞƐƐŵĞŶƚƐĂŶĚƚŚĞ ĂƐƐĞƐƐŵĞŶƚ ƌĂŶŐĞ ĨŽƌŵƵůĂ ƉƌĞƐĞŶƚĞĚ͘ KŶ &ĞďƌƵĂƌLJ ϰ͕ ϮϬϬϯ͕ ƚŚĞ ŝƚLJ ŽƵŶĐŝů ĂƉƉƌŽǀĞĚ ƚŚĞ ƐƵƉƉůĞŵĞŶƚĂů ĞŶŐŝŶĞĞƌ͛Ɛ ƌĞƉŽƌƚ ĨŽƌ ƚŚĞ ĂŶŶĞdžĂƚŝŽŶ ŽĨ ŶĞǁ ƚĞƌƌŝƚŽƌŝĞƐ ŝŶĐůƵĚŝŶŐ ƚŚĞ ĞƐƚĂďůŝƐŚŵĞŶƚ ŽĨ Ă ŶĞǁ ůĂŶĚƐĐĂƉĞ ďĞŶĞĨŝƚnjŽŶĞĚĞƐŝŐŶĂƚĞĚĂƐ>ĂŶĚƐĐĂƉĞŽŶĞϯϴ͘
&Žƌ&ŝƐĐĂůzĞĂƌϮϬϬϰͲϬϱ͕ƚŚĞŝƚLJŝŶŝƚŝĂƚĞĚƉƌŽĐĞĞĚŝŶŐƐĂŶĚĐŽŶĚƵĐƚĞĚĂƉƌŽƉĞƌƚLJŽǁŶĞƌƉƌŽƚĞƐƚďĂůůŽƚŝŶŐĨŽƌ ŶĞǁ ĂƐƐĞƐƐŵĞŶƚƐ ƌĞůĂƚĞĚ ƚŽ ƚŚĞ ĂŶŶĞdžĂƚŝŽŶ ŽĨ ĂĚĚŝƚŝŽŶĂů ƚĞƌƌŝƚŽƌŝĞƐ ƚŽ ƚŚĞ ŝƐƚƌŝĐƚ ĂƐ ǁĞůů ĂƐ ƚŚĞ ƌĞŽƌŐĂŶŝnjĂƚŝŽŶŽĨƚŚĞŝƐƚƌŝĐƚ͛ƐĞdžŝƐƚŝŶŐ>ĂŶĚƐĐĂƉĞŽŶĞϯϳ;^ƉůŝƚŝŶƚŽŽŶĞϯϳĂŶĚŽŶĞϯϳͿ͘ƐƵƉƉůĞŵĞŶƚĂů ĞŶŐŝŶĞĞƌ͛ƐƌĞƉŽƌƚǁĂƐƉƌĞƉĂƌĞĚŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚŝƐƉƌŽĐĞĞĚŝŶŐ͘hƉŽŶƚŚĞĐŽŶĐůƵƐŝŽŶŽĨƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐ ŽŶ :ĂŶƵĂƌLJ ϭϯ͕ ϮϬϬϰ͕ ƚŚĞ ďĂůůŽƚƐ ƌĞƚƵƌŶĞĚ ǁĞƌĞ ƚĂďƵůĂƚĞĚ ĂŶĚ ŝŶĚŝĐĂƚĞĚ ƉƌŽƉĞƌƚLJ ŽǁŶĞƌ ĂƉƉƌŽǀĂů ŽĨ ƚŚĞ ƉƌŽƉŽƐĞĚ ĂƐƐĞƐƐŵĞŶƚƐ ĂŶĚ ĂƐƐĞƐƐŵĞŶƚ ƌĂŶŐĞ ĨŽƌŵƵůĂ ƉƌĞƐĞŶƚĞĚ͘ dŚĞ ŝƚLJ ŽƵŶĐŝů ĂƉƉƌŽǀĞĚ ƚŚĞ ƐƵƉƉůĞŵĞŶƚĂůĞŶŐŝŶĞĞƌ͛ƐƌĞƉŽƌƚĨŽƌƚŚĞĂŶŶĞdžĂƚŝŽŶŽĨŶĞǁƚĞƌƌŝƚŽƌŝĞƐŝŶĐůƵĚŝŶŐƚŚĞĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂŶĞǁ ůĂŶĚƐĐĂƉĞďĞŶĞĨŝƚnjŽŶĞĚĞƐŝŐŶĂƚĞĚĂƐ>ĂŶĚƐĐĂƉĞŽŶĞϯϵĂŶĚƚŚĞƌĞŽƌŐĂŶŝnjĂƚŝŽŶŽĨ>ĂŶĚƐĐĂƉĞŽŶĞϯϳ͘ &Žƌ&ŝƐĐĂůzĞĂƌϮϬϬϱͲϬϲ͕ƚŚĞŝƚLJĂŶŶĞdžĞĚƚǁĞůǀĞ;ϭϮͿĂĚĚŝƚŝŽŶĂůĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐƚŽƚŚĞŝƐƚƌŝĐƚ͘ ĂĐŚŽĨ
ƚŚĞƐĞĚĞǀĞůŽƉŵĞŶƚƐĂŶĚƚŚĞƉƌŽƉĞƌƚŝĞƐƚŚĞƌĞŝŶǁĞƌĞĂŶŶĞdžĞĚŝŶƚŽŽŶĞŽĨƚŚĞĞdžŝƐƚŝŶŐůŝŐŚƚŝŶŐnjŽŶĞƐĂŶĚĨŝǀĞ ;ϱͿ ŽĨ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ǁĞƌĞ ĂŶŶĞdžĞĚ ŝŶƚŽ ŽŶĞ ŽĨ ƚŚĞ ĞdžŝƐƚŝŶŐ ůĂŶĚƐĐĂƉĞ njŽŶĞƐ ƚŚĂƚ ƌĞĨůĞĐƚ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ͛ƐƐƉĞĐŝĂůďĞŶĞĨŝƚĨƌŽŵƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐƉƌŽǀŝĚĞĚ͘ &Žƌ&ŝƐĐĂůzĞĂƌϮϬϬϲͲϬϳ͕ ƚŚĞŝƚLJĂŶŶĞdžĞĚ ƚǁĞůǀĞ ;ϭϮͿĂĚĚŝƚŝŽŶĂůĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐ ƚŽ ƚŚĞŝƐƚƌŝĐƚĂŶĚ ŝŶĐƌĞĂƐĞĚƚŚĞDĂdžŝŵƵŵƉƉƌŽǀĞĚƐƐĞƐƐŵĞŶƚZĂƚĞĨŽƌŽŶĞϯϳ͘dŚĞƐĞĚĞǀĞůŽƉŵĞŶƚƐĂŶĚƚŚĞƉƌŽƉĞƌƚŝĞƐ ƚŚĞƌĞŝŶǁĞƌĞĂŶŶĞdžĞĚŝŶƚŽ ŽŶĞŽĨ ƚŚĞĞdžŝƐƚŝŶŐůŝŐŚƚŝŶŐ njŽŶĞƐĂŶĚ ƚǁŽ ;ϮͿŽĨ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐǁĞƌĞĂůƐŽ ĂŶŶĞdžĞĚŝŶƚŽŽŶĞŽĨ ƚŚĞĞdžŝƐƚŝŶŐůĂŶĚƐĐĂƉĞ njŽŶĞƐ ƚŚĂƚ ƌĞĨůĞĐƚ ƚŚĞĚĞǀĞůŽƉŵĞŶƚ͛Ɛ ƐƉĞĐŝĂůďĞŶĞĨŝƚ ĨƌŽŵ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐƉƌŽǀŝĚĞĚ͘
Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϯ
&Žƌ&ŝƐĐĂůzĞĂƌϮϬϬϳͲϬϴ͕ƚŚĞĐŝƚLJĂŶŶĞdžĞĚƐĞǀĞŶ;ϳͿĂĚĚŝƚŝŽŶĂůĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐƚŽƚŚĞŝƐƚƌŝĐƚ͘ ĂĐŚŽĨ
ƚŚĞƐĞĚĞǀĞůŽƉŵĞŶƚƐĂŶĚƚŚĞƉƌŽƉĞƌƚŝĞƐƚŚĞƌĞŝŶǁĞƌĞĂŶŶĞdžĞĚŝŶƚŽŽŶĞŽĨƚŚĞĞdžŝƐƚŝŶŐůŝŐŚƚŝŶŐnjŽŶĞƐ͘ &Žƌ&ŝƐĐĂůzĞĂƌϮϬϬϵͲϭϬ͕ƚŚĞŝƚLJĂŶŶĞdžĞĚĨŽƵƌ;ϰͿĂĚĚŝƚŝŽŶĂůĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐƚŽƚŚĞŝƐƚƌŝĐƚ͘dǁŽ;ϮͿŽĨ ƚŚĞƐĞĚĞǀĞůŽƉŵĞŶƚƐĂŶĚƚŚĞƉƌŽƉĞƌƚŝĞƐƚŚĞƌĞŝŶǁĞƌĞĂŶŶĞdžĞĚŝŶƚŽƚŚĞĞdžŝƐƚŝŶŐ>ŝŐŚƚŝŶŐŽŶĞ͕ĂŶĚƚǁŽ;ϮͿ ŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚƐĂŶĚƚŚĞƉƌŽƉĞƌƚŝĞƐƚŚĞƌĞŝŶǁĞƌĞĂŶŶĞdžĞĚŝŶƚŽƚŚĞĞdžŝƐƚŝŶŐůĂŶĚƐĐĂƉĞŽŶĞϯϱ͘ &Žƌ&ŝƐĐĂůzĞĂƌϮϬϭϬͲϭϭ͕ƚŚĞŝƚLJƉƌŽƉŽƐĞĚƚŽĂŶŶĞdžŽŶĞ;ϭͿĂĚĚŝƚŝŽŶĂůĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƚŽƚŚĞŝƐƚƌŝĐƚ͘ ůůƚǁĞŶƚLJͲƚǁŽ ;ϮϮͿƉĂƌĐĞůƐǁŝƚŚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚǁĞƌĞƚŽďĞĂŶŶĞdžĞĚŝŶƚŽƚŚĞĞdžŝƐƚŝŶŐ>ŝŐŚƚŝŶŐŽŶĞ&͘ hƉŽŶƚŚĞĐŽŶĐůƵƐŝŽŶŽĨƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐŽŶ:ƵůLJϭϯ͕ϮϬϭϬ͕ƚŚĞďĂůůŽƚƐƌĞƚƵƌŶĞĚǁĞƌĞƚĂďƵůĂƚĞĚĂŶĚŝŶĚŝĐĂƚĞĚ ĂŵĂũŽƌŝƚLJƉƌŽƚĞƐƚƌĞƐƵůƚŝŶŐŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŶŽƚďĞŝŶŐĂŶŶĞdžĞĚŝŶƚŽƚŚĞŝƐƚƌŝĐƚ͘ &Žƌ&ŝƐĐĂůzĞĂƌϮϬϭϮͲϭϯ͕ƚŚĞŝƚLJĂŶŶĞdžĞĚĂƚŽƚĂůŽĨƐŝdžƚLJͲĨŽƵƌ;ϲϰͿƉĂƌĐĞůƐŝŶƚŽƚŚĞŝƐƚƌŝĐƚĂƐĨŽůůŽǁƐ͖>ŝŐŚƚŝŶŐ ͲŶŝŶĞ;ϵͿƉĂƌĐĞůƐƚŽŽŶĞ͕Ɛŝdž;ϲͿƉĂƌĐĞůƐƚŽŽŶĞ͕ƚŚŝƌƚLJͲŶŝŶĞ;ϯϵͿƉĂƌĐĞůƐƚŽŽŶĞ ĂŶĚƚĞŶ;ϭϬͿƉĂƌĐĞůƐƚŽ
ŽŶĞ&͘>ĂŶĚƐĐĂƉĞʹĨŝǀĞ;ϱͿƉĂƌĐĞůƐƚŽŽŶĞϭϯĂŶĚĨŝĨƚLJͲĨŝǀĞƉĂƌĐĞůƐ;ϱϱͿƚŽŽŶĞϯϱ͘ &Žƌ&ŝƐĐĂůzĞĂƌϮϬϭϯͲϭϰ͕ ƚŚĞŝƚLJĂŶŶĞdžĞĚĂ ƚŽƚĂůŽĨƐĞǀĞŶƚLJͲĞŝŐŚƚ ;ϳϴͿƉĂƌĐĞůƐŝŶƚŽ ƚŚĞŝƐƚƌŝĐƚĂƐ ĨŽůůŽǁƐ͖ >ŝŐŚƚŝŶŐʹŽŶĞ ;ϭͿƉĂƌĐĞůƚŽŽŶĞ
͕ĂŶĚƚŚŝƌƚLJͲŽŶĞ;ϯϭͿƉĂƌĐĞůƐƚŽŽŶĞ&͘>ĂŶĚƐĐĂƉĞʹƐĞǀĞŶƚLJͲĞŝŐŚƚ ;ϳϴͿ ƉĂƌĐĞůƐƚŽŽŶĞϯϱ͘
&Žƌ&ŝƐĐĂůzĞĂƌϮϬϭϲͲϭϳ͕ƚŚĞŝƚLJĂŶŶĞdžĞĚĂƚŽƚĂůŽĨƚŚƌĞĞ;ϯͿƉĂƌĐĞůƐŝŶƚŽƚŚĞŝƐƚƌŝĐƚĂƐĨŽůůŽǁƐ͖>ŝŐŚƚŝŶŐʹ ƚŚƌĞĞ;ϯͿƉĂƌĐĞůƐƚŽŽŶĞ
͘>ĂŶĚƐĐĂƉĞʹŽŶĞ;ϭͿƉĂƌĐĞůƚŽŽŶĞϭϭ͘
&Žƌ&ŝƐĐĂůzĞĂƌϮϬϮϬͲϮϭ͕ƚŚĞŝƚLJĂŶŶĞdžĞĚŽŶĞ;ϭͿƉĂƌĐĞůŝŶƚŽƚŚĞŝƐƚƌŝĐƚĂƐĨŽůůŽǁƐ͖>ŝŐŚƚŝŶŐʹŽŶĞ;ϭͿƉĂƌĐĞů ƚŽŽŶĞ͘>ĂŶĚƐĐĂƉĞʹŽŶĞ;ϭͿƉĂƌĐĞůƚŽŽŶĞϮϴ͘
/ŵƉƌŽǀĞŵĞŶƚƐƵƚŚŽƌŝnjĞĚďLJƚŚĞϭϵϳϮĐƚ
ƐĂƉƉůŝĐĂďůĞŽƌŵĂLJďĞĂƉƉůŝĐĂďůĞƚŽƚŚŝƐƉƌŽƉŽƐĞĚŝƐƚƌŝĐƚ͕ƚŚĞϭϵϳϮĐƚĚĞĨŝŶĞƐŝŵƉƌŽǀĞŵĞŶƚƐƚŽŵĞĂŶ ŽŶĞŽƌĂŶLJĐŽŵďŝŶĂƚŝŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐ͗
• dŚĞŝŶƐƚĂůůĂƚŝŽŶŽƌƉůĂŶƚŝŶŐŽĨůĂŶĚƐĐĂƉŝŶŐ͖
• dŚĞŝŶƐƚĂůůĂƚŝŽŶŽƌĐŽŶƐƚƌƵĐƚŝŽŶŽĨƐƚĂƚƵĂƌLJ͕ĨŽƵŶƚĂŝŶƐ͕ĂŶĚŽƚŚĞƌŽƌŶĂŵĞŶƚĂůƐƚƌƵĐƚƵƌĞƐĂŶĚ ĨĂĐŝůŝƚŝĞƐ͖
• dŚĞŝŶƐƚĂůůĂƚŝŽŶŽƌĐŽŶƐƚƌƵĐƚŝŽŶŽĨƉƵďůŝĐůŝŐŚƚŝŶŐĨĂĐŝůŝƚŝĞƐ͖ • dŚĞŝŶƐƚĂůůĂƚŝŽŶŽƌĐŽŶƐƚƌƵĐƚŝŽŶŽĨĂŶLJĨĂĐŝůŝƚŝĞƐǁŚŝĐŚĂƌĞĂƉƉƵƌƚĞŶĂŶƚƚŽĂŶLJŽĨƚŚĞĨŽƌĞŐŽŝŶŐŽƌ ǁŚŝĐŚĂƌĞŶĞĐĞƐƐĂƌLJŽƌĐŽŶǀĞŶŝĞŶƚĨŽƌƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽƌƐĞƌǀŝĐŝŶŐƚŚĞƌĞŽĨ͕ŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚ ůŝŵŝƚĞĚƚŽ͕ŐƌĂĚŝŶŐ͕ĐůĞĂƌŝŶŐ͕ƌĞŵŽǀĂůŽĨĚĞďƌŝƐ͕ƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽƌĐŽŶƐƚƌƵĐƚŝŽŶŽĨĐƵƌďƐ͕ŐƵƚƚĞƌƐ͕ ǁĂůůƐ͕ƐŝĚĞǁĂůŬƐ͕ŽƌƉĂǀŝŶŐ͕ŽƌǁĂƚĞƌ͕ŝƌƌŝŐĂƚŝŽŶ͕ĚƌĂŝŶĂŐĞ͕ŽƌĞůĞĐƚƌŝĐĂůĨĂĐŝůŝƚŝĞƐ͖ • dŚĞŵĂŝŶƚĞŶĂŶĐĞŽƌƐĞƌǀŝĐŝŶŐ͕ŽƌďŽƚŚ͕ŽĨĂŶLJŽĨƚŚĞĨŽƌĞŐŽŝŶŐ͖ • dŚĞĂĐƋƵŝƐŝƚŝŽŶŽĨĂŶLJĞdžŝƐƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚŽƚŚĞƌǁŝƐĞĂƵƚŚŽƌŝnjĞĚƉƵƌƐƵĂŶƚƚŽƚŚŝƐƐĞĐƚŝŽŶ͘ /ŶĐŝĚĞŶƚĂůĞdžƉĞŶƐĞƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͗ • dŚĞĐŽƐƚŽĨƉƌĞƉĂƌĂƚŝŽŶŽĨƚŚĞƌĞƉŽƌƚ͕ŝŶĐůƵĚŝŶŐƉůĂŶƐ͕ƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͕ĞƐƚŝŵĂƚĞƐ͕ĚŝĂŐƌĂŵ͕ĂŶĚ ĂƐƐĞƐƐŵĞŶƚ͖
• dŚĞĐŽƐƚƐŽĨƉƌŝŶƚŝŶŐ͕ĂĚǀĞƌƚŝƐŝŶŐ͕ĂŶĚƚŚĞƉƵďůŝƐŚŝŶŐ͕ƉŽƐƚŝŶŐĂŶĚŵĂŝůŝŶŐŽĨŶŽƚŝĐĞƐ͖ • ŽŵƉĞŶƐĂƚŝŽŶƉĂLJĂďůĞƚŽƚŚĞŽƵŶƚLJĨŽƌĐŽůůĞĐƚŝŽŶŽĨĂƐƐĞƐƐŵĞŶƚƐ͖ • ŽŵƉĞŶƐĂƚŝŽŶŽĨĂŶLJĞŶŐŝŶĞĞƌŽƌĂƚƚŽƌŶĞLJĞŵƉůŽLJĞĚƚŽƌĞŶĚĞƌƐĞƌǀŝĐĞƐ͖ • ŶLJŽƚŚĞƌĞdžƉĞŶƐĞƐŝŶĐŝĚĞŶƚĂůƚŽƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶ͕ŝŶƐƚĂůůĂƚŝŽŶ͕ŽƌŵĂŝŶƚĞŶĂŶĐĞĂŶĚƐĞƌǀŝĐŝŶŐŽĨ ƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐ͖
• ŶLJĞdžƉĞŶƐĞƐŝŶĐŝĚĞŶƚĂůƚŽƚŚĞŝƐƐƵĂŶĐĞŽĨďŽŶĚƐŽƌŶŽƚĞƐƉƵƌƐƵĂŶƚƚŽ^ĞĐƚŝŽŶϮϮϲϲϮ͘ϱ͖ • ŽƐƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚĂŶLJĞůĞĐƚŝŽŶƐŚĞůĚĨŽƌƚŚĞĂƉƉƌŽǀĂůŽĨĂŶĞǁŽƌŝŶĐƌĞĂƐĞĚĂƐƐĞƐƐŵĞŶƚ͘ Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϰ
dŚĞϭϵϳϮĐƚĚĞĨŝŶĞƐΗDĂŝŶƚĂŝŶΗŽƌΗŵĂŝŶƚĞŶĂŶĐĞΗƚŽŵĞĂŶĨƵƌŶŝƐŚŝŶŐŽĨƐĞƌǀŝĐĞƐĂŶĚŵĂƚĞƌŝĂůƐĨŽƌƚŚĞ ŽƌĚŝŶĂƌLJĂŶĚƵƐƵĂůŵĂŝŶƚĞŶĂŶĐĞ͕ŽƉĞƌĂƚŝŽŶ͕ĂŶĚƐĞƌǀŝĐŝŶŐŽĨĂŶLJŝŵƉƌŽǀĞŵĞŶƚ͕ŝŶĐůƵĚŝŶŐ͗ • ZĞƉĂŝƌ͕ƌĞŵŽǀĂů͕ŽƌƌĞƉůĂĐĞŵĞŶƚŽĨĂůůŽƌĂŶLJƉĂƌƚŽĨĂŶLJŝŵƉƌŽǀĞŵĞŶƚ͖ • WƌŽǀŝĚŝŶŐĨŽƌƚŚĞůŝĨĞ͕ŐƌŽǁƚŚ͕ŚĞĂůƚŚ͕ĂŶĚďĞĂƵƚLJŽĨůĂŶĚƐĐĂƉŝŶŐ͕ŝŶĐůƵĚŝŶŐĐƵůƚŝǀĂƚŝŽŶ͕ŝƌƌŝŐĂƚŝŽŶ͕ ƚƌŝŵŵŝŶŐ͕ƐƉƌĂLJŝŶŐ͕ĨĞƌƚŝůŝnjŝŶŐ͕ŽƌƚƌĞĂƚŝŶŐĨŽƌĚŝƐĞĂƐĞŽƌŝŶũƵƌLJ͖ • dŚĞƌĞŵŽǀĂůŽĨƚƌŝŵŵŝŶŐƐ͕ƌƵďďŝƐŚ͕ĚĞďƌŝƐ͕ĂŶĚŽƚŚĞƌƐŽůŝĚǁĂƐƚĞ͖ • dŚĞĐůĞĂŶŝŶŐ͕ƐĂŶĚďůĂƐƚŝŶŐ͕ĂŶĚƉĂŝŶƚŝŶŐŽĨǁĂůůƐĂŶĚŽƚŚĞƌŝŵƉƌŽǀĞŵĞŶƚƐƚŽƌĞŵŽǀĞŽƌĐŽǀĞƌ ŐƌĂĨĨŝƚŝ͘
ĞƐĐƌŝƉƚŝŽŶŽĨ/ŵƉƌŽǀĞŵĞŶƚƐĂŶĚ^ĞƌǀŝĐĞƐ
dŚĞŝƐƚƌŝĐƚƉƌŽǀŝĚĞƐĂŶĚĞŶƐƵƌĞƐƚŚĞĐŽŶƚŝŶƵĞĚŵĂŝŶƚĞŶĂŶĐĞĂŶĚŽƉĞƌĂƚŝŽŶŽĨůĂŶĚƐĐĂƉŝŶŐ͕ƐƚƌĞĞƚůŝŐŚƚŝŶŐ͕ ŐƌĂĨĨŝƚŝĂďĂƚĞŵĞŶƚĂŶĚƌĞůĂƚĞĚƐĞƌǀŝĐĞƐǁŝƚŚŝŶƚŚĞƉƵďůŝĐƌŝŐŚƚͲŽĨͲǁĂLJŝŶǀĂƌŝŽƵƐĂƌĞĂƐƚŚƌŽƵŐŚŽƵƚƚŚĞŝƚLJ͘ /ŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚŐĞŶĞƌĂůůLJŝŶĐůƵĚĞ͗
• >ĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶƚŚĞŵĞĚŝĂŶƐ͕ƉĂƌŬǁĂLJƐ͕ĞŶƚƌLJǁĂLJƐĂŶĚŽƉĞŶƐƉĂĐĞĂƌĞĂƐǁŝƚŚŝŶ ǀĂƌŝŽƵƐ>ĂŶĚƐĐĂƉĞŽŶĞƐŝŶĐůƵĚŝŶŐƐƚƌĞĞƚƚƌĞĞƐ͕ƚƵƌĨ͕ŐƌŽƵŶĚĐŽǀĞƌ͕ƐŚƌƵďƐ͕ŝƌƌŝŐĂƚŝŽŶĂŶĚ ĚƌĂŝŶĂŐĞƐLJƐƚĞŵƐ͕ƐŽƵŶĚǁĂůůƐ͕ĨĞŶĐŝŶŐ͕ĂŶĚŶĞĐĞƐƐĂƌLJĂƉƉƵƌƚĞŶĂŶĐĞƐ͖ •
ůĞĐƚƌŝĐĂůĐŽƐƚƐĂŶĚŵĂŝŶƚĞŶĂŶĐĞĨŽƌƐƚƌĞĞƚůŝŐŚƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶƐƉĞĐŝĨŝĐƐƵďĚŝǀŝƐŝŽŶƐ ĂŶĚƐƚƌĞĞƚƐĂĚũĂĐĞŶƚƚŽǀĂƌŝŽƵƐƌĞƐŝĚĞŶƚŝĂůĂŶĚĐŽŵŵĞƌĐŝĂůĚĞǀĞůŽƉŵĞŶƚƐ͘ DĂŝŶƚĞŶĂŶĐĞĂŶĚ^ĞƌǀŝĐĞƐ
DĂŝŶƚĞŶĂŶĐĞŝŶĐůƵĚĞƐƚŚĞĨƵƌŶŝƐŚŝŶŐŽĨƐĞƌǀŝĐĞƐĂŶĚŵĂƚĞƌŝĂůƐĨŽƌƚŚĞŽƌĚŝŶĂƌLJĂŶĚƵƐƵĂůŵĂŝŶƚĞŶĂŶĐĞ͕ ŽƉĞƌĂƚŝŽŶ͕ĂŶĚƐĞƌǀŝĐŝŶŐŽĨĂŶLJŝŵƉƌŽǀĞŵĞŶƚŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͗ • ZĞƉĂŝƌ͕ƌĞŵŽǀĂů͕ŽƌƌĞƉůĂĐĞŵĞŶƚŽĨĂůůŽƌĂŶLJƉĂƌƚŽĨĂŶLJŝŵƉƌŽǀĞŵĞŶƚƐ͖ • 'ƌĂĚŝŶŐ͕ĐůĞĂƌŝŶŐ͕ƌĞŵŽǀĂůŽĨĚĞďƌŝƐ͕ĂŶĚƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽƌĐŽŶƐƚƌƵĐƚŝŽŶŽĨĐƵƌďƐ͕ŐƵƚƚĞƌƐ͕ǁĂůůƐ͕ ƐŝĚĞǁĂůŬƐ͕ƉĂǀŝŶŐ͕ǁĂƚĞƌ͕ŝƌƌŝŐĂƚŝŽŶ͕ĚƌĂŝŶĂŐĞ͕ŽƌĞůĞĐƚƌŝĐĂůĨĂĐŝůŝƚŝĞƐ͖ • WƌŽǀŝĚŝŶŐĨŽƌƚŚĞůŝĨĞ͕ŐƌŽǁƚŚ͕ŚĞĂůƚŚ͕ĂŶĚďĞĂƵƚLJŽĨůĂŶĚƐĐĂƉŝŶŐ͕ŝŶĐůƵĚŝŶŐĐƵůƚŝǀĂƚŝŽŶ͕ŝƌƌŝŐĂƚŝŽŶ͕ ƚƌŝŵŵŝŶŐ͕ƐƉƌĂLJŝŶŐ͕ĨĞƌƚŝůŝnjŝŶŐ͕ŽƌƚƌĞĂƚŝŶŐĨŽƌĚŝƐĞĂƐĞŽƌŝŶũƵƌLJ͖ • dŚĞƌĞŵŽǀĂůŽĨƚƌŝŵŵŝŶŐƐ͕ƌƵďďŝƐŚ͕ĚĞďƌŝƐ͕ĂŶĚŽƚŚĞƌƐŽůŝĚǁĂƐƚĞ͖ • dŚĞĐůĞĂŶŝŶŐ͕ƐĂŶĚďůĂƐƚŝŶŐ͕ĂŶĚƉĂŝŶƚŝŶŐŽĨǁĂůůƐĂŶĚŽƚŚĞƌŝŵƉƌŽǀĞŵĞŶƚƐƚŽƌĞŵŽǀĞŽƌĐŽǀĞƌ ŐƌĂĨĨŝƚŝ͖
•
ůĞĐƚƌŝĐĐƵƌƌĞŶƚŽƌĞŶĞƌŐLJ͕ŐĂƐ͕ŽƌŽƚŚĞƌŝůůƵŵŝŶĂƚŝŶŐĂŐĞŶƚĨŽƌĂŶLJƉƵďůŝĐůŝŐŚƚŝŶŐĨĂĐŝůŝƚŝĞƐŽƌĨŽƌ ƚŚĞůŝŐŚƚŝŶŐŽƌŽƉĞƌĂƚŝŽŶŽĨĂŶLJŽƚŚĞƌŝŵƉƌŽǀĞŵĞŶƚƐ͖
• tĂƚĞƌĨŽƌƚŚĞŝƌƌŝŐĂƚŝŽŶŽĨĂŶLJůĂŶĚƐĐĂƉŝŶŐ͕ǁĂƚĞƌĨĞĂƚƵƌĞƐŽƌƚŚĞŵĂŝŶƚĞŶĂŶĐĞŽĨĂŶLJŽƚŚĞƌ ƌĞůĂƚĞĚŝŵƉƌŽǀĞŵĞŶƚƐ͘
dŚĞĂŶŶƵĂůĂƐƐĞƐƐŵĞŶƚƐůĞǀŝĞĚĨŽƌƚŚĞŝƐƚƌŝĐƚŝŶǁŚŽůĞŽƌŝŶƉĂƌƚĨƵŶĚƚŚĞƐĞƌǀŝĐĞƐ͕ŵĂŝŶƚĞŶĂŶĐĞ͕ŽƉĞƌĂƚŝŽŶƐ ĂŶĚĂĚŵŝŶŝƐƚƌĂƚŝŽŶĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞŝƐƚƌŝĐƚŝŵƉƌŽǀĞŵĞŶƚƐ͘WĂƌĐĞůƐƚŚĂƚƌĞĐĞŝǀĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐĨƌŽŵ ƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶĞĂĐŚŽŶĞ͕ƐŚĂƌĞŝŶƚŚĞĐŽƐƚŽĨƚŚĞƐĞƌǀŝĐĞƐĂŶĚŝŵƉƌŽǀĞŵĞŶƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚ ƚŚĂƚŽŶĞ͘dŚĞĐŽƐƚƐĂŶĚĂƐƐĞƐƐŵĞŶƚƐƐĞƚ ĨŽƌƚŚŝŶ ƚŚŝƐZĞƉŽƌƚĂƌĞďĂƐĞĚƵƉŽŶ ƚŚĞŝƚLJ͛ƐĞƐƚŝŵĂƚĞŽĨ ƚŚĞ ĞdžƉĞŶƐĞƐ ƌĞůĂƚĞĚ ƚŽ ƚŚĞ ŽƉĞƌĂƚŝŽŶ ĂŶĚ ŵĂŝŶƚĞŶĂŶĐĞ ŽĨ ƚŚĞ ŝƐƚƌŝĐƚ ŝŵƉƌŽǀĞŵĞŶƚƐ ŝŶĐůƵĚŝŶŐ ůĂďŽƌ͕ ƉĞƌƐŽŶŶĞů͕ƵƚŝůŝƚŝĞƐ͕ĞƋƵŝƉŵĞŶƚ͕ŵĂƚĞƌŝĂůƐ͕ĂĚŵŝŶŝƐƚƌĂƚŝŽŶĂŶĚŝŶĐŝĚĞŶƚĂůĞdžƉĞŶƐĞƐ͘ &Žƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ͕ƚŚĞŝƐƚƌŝĐƚĐŽŶƐŝƐƚƐŽĨƚŚŝƌƚLJͲŶŝŶĞ ;ϯϵͿ>ĂŶĚƐĐĂƉĞŽŶĞƐ ;ŶŽƚŝŶĐůƵĚŝŶŐ ĨŽƵƌƐƵďͲ ŽŶĞƐͿĂŶĚƐŝdž;ϲͿ>ŝŐŚƚŝŶŐŽŶĞƐ͘
ĂĐŚ>ĂŶĚƐĐĂƉĞŽŶĞŝŶĐůƵĚĞƐƉĂƌĐĞůƐĂŶĚƐƵďĚŝǀŝƐŝŽŶƐƚŚĂƚĂƌĞĚŝƌĞĐƚůLJ ĂƐƐŽĐŝĂƚĞĚǁŝƚŚƐƉĞĐŝĨŝĐůĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐƚŚĂƚǁĞƌĞŝŶƐƚĂůůĞĚĂƐƉĂƌƚŽĨĚĞǀĞůŽƉŝŶŐƚŚŽƐĞƉƌŽƉĞƌƚŝĞƐ ŽƌƉƌŽǀŝĚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐƚŽƚŚŽƐĞƉƌŽƉĞƌƚŝĞƐďĂƐĞĚŽŶƉƌŽdžŝŵŝƚLJƚŽƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐ͘dŚĞƚŽƚĂůĂŵŽƵŶƚ ƚŽďĞĂƐƐĞƐƐĞĚǁŝƚŚŝŶĞĂĐŚ>ĂŶĚƐĐĂƉĞŽŶĞ ĨŽƌ ƚŚĞŽƉĞƌĂƚŝŽŶĂŶĚŵĂŝŶƚĞŶĂŶĐĞŽĨ ƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐŝƐ Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϱ
ĞƋƵŝƚĂďůLJƐƉƌĞĂĚĂŵŽŶŐƚŚĞďĞŶĞĨŝƚŝŶŐƉĂƌĐĞůƐǁŝƚŚŝŶƚŚĂƚŽŶĞŽŶůLJ͘hŶůŝŬĞƚŚĞ>ĂŶĚƐĐĂƉĞŽŶĞƐ;ƚŚĂƚĂƌĞ ĐŽƌƌĞůĂƚĞĚƚŽƐƉĞĐŝĨŝĐƉĂƌĐĞůƐ͕ĚĞǀĞůŽƉŵĞŶƚƐŽƌƐƵďĚŝǀŝƐŝŽŶƐͿ͕ƚŚĞƐŝdž>ŝŐŚƚŝŶŐŽŶĞƐĐŽǀĞƌƚŚĞĞŶƚŝƌĞŝƚLJ ǁŝƚŚĞĂĐŚŽŶĞƌĞƉƌĞƐĞŶƚŝŶŐĂŐĞŽŐƌĂƉŚŝĐĂůƌĞŐŝŽŶŽĨƚŚĞŝƚLJ͘,ŽǁĞǀĞƌ͕ǁŝƚŚŝŶƚŚĞƐĞ>ŝŐŚƚŝŶŐŽŶĞƐ͕ŽŶůLJ ƉƌŽƉĞƌƚŝĞƐ ƚŚĂƚďĞŶĞĨŝƚ ĨƌŽŵůŽĐĂů ƐƚƌĞĞƚůŝŐŚƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐ ;ŝŶͲ ƚƌĂĐƚ ƐƚƌĞĞƚůŝŐŚƚŝŶŐĂŶĚͬŽƌĂĚũĂĐĞŶƚ ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐͿ ĂƌĞ ĂƐƐĞƐƐĞĚ͘ ůƚŚŽƵŐŚ ůŽĐĂů ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂƌĞ ƵƐƵĂůůLJ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ƌĞƐŝĚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚƐĂŶĚƐƵďĚŝǀŝƐŝŽŶƐǁŝƚŚŝŶĞĂĐŚŽĨƚŚĞƐŝdž>ŝŐŚƚŝŶŐŽŶĞƐ͕ƚŚĞƌĞĂƌĞƐŽŵĞĐŽŵŵĞƌĐŝĂů ĂŶĚ ƌƵƌĂů ƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐƚŚĂƚĂƌĞĂƐƐĞƐƐĞĚďĂƐĞĚŽŶ ƚŚĞŝƌďĞŶĞĨŝƚ ĨƌŽŵůŽĐĂůůŝŐŚƚŝŶŐ͘WĂƌĐĞůƐ ƚŚĂƚ ƌĞĐĞŝǀĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐĨƌŽŵůŽĐĂůůŝŐŚƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐĂƌĞĂƐƐĞƐƐĞĚƉƌŽƉŽƌƚŝŽŶĂƚĞůLJĨŽƌĂƉŽƌƚŝŽŶŽĨƚŚĞ ĐŽƐƚƐ ƚŽ ƉƌŽǀŝĚĞ ƚŚĞ ůŽĐĂů ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ͘ dŚĞ ďĂůĂŶĐĞ ŽĨ ƚŚĞ ůŽĐĂů ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ ĐŽƐƚƐ ĂŶĚ ůŝŐŚƚŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐƚŚĂƚĂƌĞĐŽŶƐŝĚĞƌĞĚŐĞŶĞƌĂůďĞŶĞĨŝƚĂƌĞĨƵŶĚĞĚƚŚƌŽƵŐŚĚsĂůŽƌĞŵƌĞǀĞŶƵĞƐ͘ >ĂŶĚƐĐĂƉĞ/ŵƉƌŽǀĞŵĞŶƚƐĂŶĚ^ĞƌǀŝĐĞƐ
>ĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐĂŶĚ ƐĞƌǀŝĐĞƐǁŝƚŚŝŶ ƚŚĞŝƐƚƌŝĐƚŵĂLJŝŶĐůƵĚĞŐƌĂĨĨŝƚŝĂďĂƚĞŵĞŶƚ ƚŚƌŽƵŐŚŽƵƚĂůů ďĞŶĞĨŝƚ njŽŶĞƐ͕ ĐĞŶƚĞƌ ŵĞĚŝĂŶ ůĂŶĚƐĐĂƉŝŶŐ͕ ƉĂƌŬǁĂLJ ĂŶĚ ƐůŽƉĞ ůĂŶĚƐĐĂƉŝŶŐ͕ ŽƉĞŶ ƐƉĂĐĞ ĂƌĞĂƐ Žƌ ƉƵďůŝĐ ĞĂƐĞŵĞŶƚ͕ǁĞĞĚĂďĂƚĞŵĞŶƚ͕ĂŶĚƚƌĞĞŵĂŝŶƚĞŶĂŶĐĞĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞƐƵďĚŝǀŝƐŝŽŶƐĂŶĚƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶ ƚŚĞŝƐƚƌŝĐƚ͘
ĂĐŚŽŶĞĐŽŶƐŝƐƚƐŽĨŽŶůLJƉƌŽƉĞƌƚŝĞƐ͕ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚĚĞǀĞůŽƉŵĞŶƚƐƚŚĂƚĂƌĞĂƐƐŽĐŝĂƚĞĚǁŝƚŚ ƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐƉƌŽǀŝĚĞĚĂŶĚŵĂŝŶƚĂŝŶĞĚǁŝƚŚŝŶƚŚĞŽŶĞ͘dŚĞƉĂƌĐĞůƐĂƐƐĞƐƐĞĚĨŽƌƐƉĞĐŝĂůďĞŶĞĨŝƚƐĂƌĞ ƉĂƌƚŽĨĂĚĞǀĞůŽƉŵĞŶƚŽƌƐƵďĚŝǀŝƐŝŽŶƚŚĂƚŽƌŝŐŝŶĂůůLJŝŶƐƚĂůůĞĚƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐŽƌĂƌĞĚŝƌĞĐƚůLJĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ƚŚƌŽƵŐŚ ƉƌŽdžŝŵŝƚLJ͘ dŚĞ ƐƉĞĐŝĨŝĐ ŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶĞĂĐŚ ŽŶĞǀĂƌLJ͕ ĂŶĚŵĂLJ ŝŶĐůƵĚĞ͕ ďƵƚ ĂƌĞ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ͗ dŚĞŵĂŝŶƚĞŶĂŶĐĞ ŽĨŐƌŽƵŶĚ ĐŽǀĞƌ͕ ƚƵƌĨ͕ ƐŚƌƵďƐ͕ ƚƌĞĞƐ͕ ĨĞŶĐĞƐ͕ ŝƌƌŝŐĂƚŝŽŶ ƐLJƐƚĞŵƐ͕ĚƌĂŝŶĂŐĞ ƐLJƐƚĞŵƐ͕ůŝŐŚƚŝŶŐ ƐLJƐƚĞŵƐ͕ŚĂƌĚƐĐĂƉĞƐ͕ ƐŝĚĞǁĂůŬƐ͕ ƚƌĂŝůƐĂŶĚĂƐƐŽĐŝĂƚĞĚĂƉƉƵƌƚĞŶĂŶĐĞƐ ǁŝƚŚŝŶŽƌĂĚũĂĐĞŶƚƚŽƐƉĞĐŝĨŝĐůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽƌŝŵƉƌŽǀĞŵĞŶƚƐ͘ >ĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚĂƌĞŵĂŝŶƚĂŝŶĞĚĂŶĚƐĞƌǀŝĐĞĚŽŶĂƌĞŐƵůĂƌďĂƐŝƐ͘dŚĞĨƌĞƋƵĞŶĐLJ ĂŶĚƐƉĞĐŝĨŝĐŵĂŝŶƚĞŶĂŶĐĞĂŶĚŽƉĞƌĂƚŝŽŶƐƌĞƋƵŝƌĞĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚĂŶĚĞĂĐŚŽŶĞŝƐĚĞƚĞƌŵŝŶĞĚǁĞĞŬůLJ ďLJŝƚLJƐƚĂĨĨ͘WĂƌĐĞůƐŝĚĞŶƚŝĨŝĞĚĂƐďĞŝŶŐǁŝƚŚŝŶĂ>ĂŶĚƐĐĂƉĞŽŶĞ͕ƐŚĂƌĞŝŶďŽƚŚƚŚĞĐŽƐƚĂŶĚďĞŶĞĨŝƚŽĨƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ͘ dŚĞ ŶĞƚ ĐŽƐƚƐ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂƌĞ ĞƋƵŝƚĂďůLJ ƐƉƌĞĂĚ ƚŽ ƉĂƌĐĞůƐ ƉƌŽƉŽƌƚŝŽŶĂƚĞůLJĂĐĐŽƌĚŝŶŐƚŽƚŚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐƌĞĐĞŝǀĞĚĂŶĚŽŶůLJƉĂƌĐĞůƐƚŚĂƚƌĞĐĞŝǀĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐĂƌĞ ĂƐƐĞƐƐĞĚ͘
>ĂŶĚƐĐĂƉĞŽŶĞƐ
dŚĞŝƐƚƌŝĐƚŝƐĚŝǀŝĚĞĚŝŶƚŽƚŚŝƌƚLJͲŶŝŶĞ;ϯϵͿ>ĂŶĚƐĐĂƉĞŽŶĞƐ;ŶŽƚŝŶĐůƵĚŝŶŐĨŽƵƌƐƵďͲŽŶĞƐͿ͘dŚĞĨŽůůŽǁŝŶŐŝƐ ĂůŝƐƚŽĨƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐĨƵŶĚĞĚƚŚƌŽƵŐŚŝƐƚƌŝĐƚĂƐƐĞƐƐŵĞŶƚƐŝŶĞĂĐŚŽŶĞ͗ ŽŶĞϬϭ;ŽƌĐŚĂƌĚͬ>ŽƐsŝĞŶƚŽƐͬĂďƌŝůůŽͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶŽƌĐŚĂƌĚZŽĂĚĨƌŽŵ>ŽƐsŝĞŶƚŽƐƚŽĂďƌŝůůŽ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϬϮ;>LJŶŶZĚͬ'ƌĞĞŶĚĂůĞͬ&ĞƌŶŚŝůůͬZĞŝŶŽͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶ>LJŶŶZŽĂĚ͕ĞĂƐƚŽĨ'ƌĞĞŶĚĂůĞƚŽ&ĞƌŶŚŝůůĂŶĚǁĞƐƚŽĨ'ƌĞĞŶĚĂůĞƚŽZĞŝŶŽ ZŽĂĚ͖
• >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJĂŶĚƐůŽƉĞƐŽŶƚŚĞŶŽƌƚŚƐŝĚĞŽĨ>LJŶŶZŽĂĚ͕ĞĂƐƚŽĨ'ƌĞĞŶĚĂůĞƚŽǁĞƐƚŽĨ&ĞƌŶŚŝůů ĂŶĚǁĞƐƚŽĨ'ƌĞĞŶĚĂůĞƚŽZĞŝŶŽZŽĂĚ͖
• tĞĞĚĂďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞĂƚĂůĞŽƵƌƚĂŶĚŚƵƌĐŚŝůů͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϲ
ŽŶĞϬϯ;
ůŬǁŽŽĚͬ'ƌĞĞŶĚĂůĞͬZĂǀĞŶǁŽŽĚͿ
• >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐŽŶƚŚĞƐŽƵƚŚƐŝĚĞŽĨ
ůŬǁŽŽĚĨƌŽŵ'ƌĞĞŶĚĂůĞƚŽZĂǀĞŶǁŽŽĚ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϬϰ;tĞĞĚͬdƌĞĞDĂŝŶƚĞŶĂŶĐĞͬKƉĞŶ^ƉĂĐĞͬĂLJŽ'ƌĂŶĚĞͿ • tĞĞĚĂďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞĂƌĞĂƐĂƌŽƵŶĚĂLJŽ'ƌĂŶĚĞ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϬϱ;<ŝŵďĞƌͬZĞŝŶŽͬtĞŶĚLJͬtĂůƚĞƌͬWĞƉƉĞƌŵŝŶƚͿ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐĂŶĚƐůŽƉĞƐŝŶĐůƵĚŝŶŐƚŚĞƐŽƵƚŚƉĂƌŬǁĂLJŽŶ<ŝŵďĞƌĨƌŽŵZĞŝŶŽƚŽϰϯϱĨĞĞƚĞĂƐƚ ŽĨZĞŝŶŽ͖ƚŚĞǁĞƐƚƉĂƌŬǁĂLJŽŶĂŶŝĞů͖ƚŚĞĞĂƐƚƉĂƌŬǁĂLJĂŶĚƐůŽƉĞŽŶZĞŝŶŽĨƌŽŵ<ŝŵďĞƌƚŽϭ͕ϵϳϬĨĞĞƚ ƐŽƵƚŚŽĨ<ŝŵďĞƌ͖WĞďďůĞƐůŽƉĞƵƉƚŽĞĂƌĐƌĞĞŬ͖tĂůƚĞƌƐůŽƉĞĨƌŽŵϯϯϮĨĞĞƚŶŽƌƚŚŽĨƌŝƐďĂŝŶĞƚŽĞŶĚ͖ ŚĂĚǁŝĐŬƐůŽƉĞƚŽϭϲϯĨĞĞƚǁĞƐƚŽĨƌŝƐďĂŝŶĞ͖ƚŚĞǁĞƐƚƉĂƌŬǁĂLJŽŶtĞŶĚLJĨƌŽŵWĞƉƉĞƌŵŝŶƚƚŽϱϵϬ ĨĞĞƚ ƐŽƵƚŚ ŽĨ WĞƉƉĞƌŵŝŶƚ͖ ƚŚĞ ǁĞƐƚ ƉĂƌŬǁĂLJ ŽŶ tĞŶĚLJ ĨƌŽŵ ϱϯϱ ĨĞĞƚ ŶŽƌƚŚ ŽĨ ŚĂƌůŽƚƚĞ ƚŽ WĞƉƉĞƌŵŝŶƚ͖ĂŶĚƚŚĞĞĂƐƚƉĂƌŬǁĂLJŽŶtĞŶĚLJĨƌŽŵϱϱϬĨĞĞƚƐŽƵƚŚŽĨWĞƉƉĞƌŵŝŶƚƚŽϳϴϬĨĞĞƚŶŽƌƚŚƚŽ ŚĂƌůŽƚƚĞ͖
• tĞĞĚ ĂďĂƚĞŵĞŶƚ ŽĨ ŽƉĞŶ ƐƉĂĐĞ ĂƌĞĂƐ Ăƚ ĞĂƌĐƌĞĞŬ ĂƌĞĂ͖ ƌŝƐďĂŝŶĞ͕ tĂůƚĞƌ ,ŝŐŚǀŝĞǁ͕ ĂŶŝĞů͕ DŽŽŶĐƌĞƐƚĂŶĚŚĂƌůŽƚƚĞ͕WĞƉƉĞƌŵŝŶƚ͕&ŝƌĞĐƌĞƐƚ͕ůŽƵĚĐƌĞƐƚ͕ ĂŐůĞZŝĚŐĞ͕,ĞĂƚŚĞƌĨŝĞůĚ͕WĞďďůĞ<ŝŵďĞƌ
ƚŽZĞŝŶŽZŽĂĚ͕ĞĂƐƚƐŝĚĞŽĨtĞŶĚLJ͕ĞůĂĐŽĚŽ͕ŚĂƌůŽƚƚĞ͕^ŝůĂƐ͕ǀŽĐĂĚŽ͕ŽŶƚŝŶĞŶƚĂů͕WĂĐŝĨŝĐ͕ĂŶĚƚŚĞ ǁĞƐƚƐŝĚĞŽĨtĞŶĚLJ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϬϲ;ZĞŝŶŽͬWĂƐĞŽĞ>ĞŽŶͿ
• >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJŽŶƚŚĞĞĂƐƚƐŝĚĞŽĨZĞŝŶŽZŽĂĚĨƌŽŵϴϬĨĞĞƚƐŽƵƚŚŽĨ͕ƚŽϲϴϬĨĞĞƚŶŽƌƚŚŽĨ͕WĂƐĞŽ Ğ>ĞŽŶ͖
• tĞĞĚďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞĂƌĞĂĂƚWĂƐĞŽĞ>ĞŽŶ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϬϳ;>LJŶŶZĚͬtĞŶĚLJͬ&ŽǁůĞƌͬ
ƌŝŶůĞĂͬĞĞƌZŝĚŐĞͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶƐŽŶ>LJŶŶZŽĂĚďĞƚǁĞĞŶtĞŶĚLJĂŶĚ&ŽǁůĞƌ͖ĂŶĚŽŶ>LJŶŶZŽĂĚĞĂƐƚŽĨ tĞŶĚLJƚŽƚŚĞĞŶĚŽĨƚŚĞŽŶĞŽƵŶĚĂƌLJ͖
• >ĂŶĚƐĐĂƉĞĚ ƉĂƌŬǁĂLJƐ ĂŶĚ ƐůŽƉĞƐ ŽŶ ƚŚĞ ǁĞƐƚ ĂŶĚ ĞĂƐƚ ƐŝĚĞƐ ŽĨ tĞŶĚLJ ĨƌŽŵ ϮϵϬ ĨĞĞƚ ŶŽƌƚŚ ŽĨ ,ŽůůŽǁĂLJƚŽ>LJŶŶ͖ƚŚĞŶŽƌƚŚƉĂƌŬǁĂLJŽŶ>LJŶŶĨƌŽŵ&ŽǁůĞƌƚŽƚŚĞĞŶĚŽĨƚƌĂĐƚŶƵŵďĞƌϰϰϲϳ͖ƚŚĞĞĂƐƚ ƉĂƌŬǁĂLJŽŶ&ŽǁůĞƌ͖ƚŚĞĞĂƐƚƐŝĚĞƉĂƌŬǁĂLJŽŶtĞŶĚLJ ĨƌŽŵ>LJŶŶ ƚŽũƵƐƚƐŽƵƚŚŽĨ ƌŝŶůĞĂ ;ƐŽƵƚŚĞƌŶ
ďŽƵŶĚĂƌLJŽĨƚŚĞŽŶĞͿ͖ƚŚĞƐŽƵƚŚĂŶĚĞĂƐƚƐŝĚĞƉĂƌŬǁĂLJƐŽŶ>LJŶŶĨƌŽŵtĞŶĚLJŶŽƌƚŚĂŶĚĞĂƐƚƚŽƚŚĞ ĞŶĚŽĨƚŚĞĞĞƌZŝĚŐĞƐƵďĚŝǀŝƐŝŽŶ;ŶŽƌƚŚĞĂƐƚďŽƵŶĚĂƌLJŽĨƚŚĞŽŶĞͿ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘
Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϳ
ŽŶĞϬϴ;^ŚŝƌůĞLJͬůŝĐĞͬ&ƌĞĞǁĂLJƵĨĨĞƌŽŶĞƐͿ
• >ĂŶĚƐĐĂƉĞĚ&ƌĞĞǁĂLJƵĨĨĞƌŽŶĞŽĨĨ^ŚŝƌůĞLJƌŝǀĞ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϬϵ;ŽƌĐŚĂƌĚͬDŝĐŚĂĞůͬZĞĚĨŝĞůĚͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶŽƌĐŚĂƌĚĨƌŽŵDŝĐŚĂĞůƚŽZĞĚĨŝĞůĚ͖ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐŽŶƚŚĞƐŽƵƚŚƐŝĚĞŽĨŽƌĐŚĂƌĚĂůŽŶŐƚŚĞŽŶĞŽƵŶĚĂƌLJĨƌŽŵZĞĚĨŝĞůĚƚŽϯϬϳ ĨĞĞƚǁĞƐƚŽĨZĞĚĨŝĞůĚ͖ĂŶĚĂƚĂƌŽďĂƉƉƌŽdžŝŵĂƚĞůLJϯϱϬĨĞĞƚĞĂƐƚĂŶĚǁĞƐƚŽĨĂƌŽď͖ • tĞĞĚĂďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞĂƌĞĂƐǁŝƚŚŝŶƚŚĞŽŶĞ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϭϬ;>LJŶŶZĚͬDĂƉůĞ>ĞĂĨͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶ>LJŶŶZĚĨƌŽŵϱϴϬĨĞĞƚĞĂƐƚŽĨDĂƉůĞůĞĂĨƚŽϮϵϬĨĞĞƚǁĞƐƚŽĨDĂƉůĞůĞĂĨ͖ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐŽŶ>LJŶŶZŽĂĚŶŽƌƚŚĂŶĚƐŽƵƚŚƐŝĚĞƐ͕ĨƌŽŵϲϰϬĨĞĞƚĞĂƐƚŽĨDĂƉůĞůĞĂĨƚŽϭϬϱ ĨĞĞƚǁĞƐƚŽĨDĂƉůĞůĞĂĨ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϭϭ;ŽƌƉŽƌĂƚĞĞŶƚĞƌƌͿ
• >ĂŶĚƐĐĂƉĞĚƐůŽƉĞƐĂŶĚǁĞĞĚĂďĂƚĞŵĞŶƚĂƚŽƌƉŽƌĂƚĞĞŶƚĞƌƌŝǀĞ͕ƐŽƵƚŚƐŝĚĞ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϭϮ;ZĂŶĐŚŽŽŶĞũŽůǀĚĂƚĂdžƚĞƌͿ
• >ĂŶĚƐĐĂƉĞĚ ƐůŽƉĞƐ Ăƚ ĂdžƚĞƌ͕ ŶŽƌƚŚ ƐŝĚĞ ŽĨĨ ZĂŶĐŚŽ ŽŶĞũŽ ŽƵůĞǀĂƌĚ ĂŶĚ ŽŶĞũŽ sĂůůĞLJ hŶŝĨŝĞĚ ^ĐŚŽŽůŝƐƚƌŝĐƚƐůŽƉĞƐ͕ĂŶĚƚŚĞĞŶĚŽĨZĂŶĐŚŽŽŶĞũŽŽƵůĞǀĂƌĚ͖ • DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϭϯ;,ŝůůĐƌĞƐƚͬĂŵŝŶŽŽƐZŝŽƐͬ>LJŶŶͬsĞŶƚƵͬWĂƐĞŽ'ƌĂŶĚĞͬŝƚĂƚŝŽŶͿ • >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶƐŽŶ,ŝůůĐƌĞƐƚĨƌŽŵsĞŶƚƵWĂƌŬƚŽĂƉƉƌŽdžŝŵĂƚĞůLJϭ͕ϱϬϬĨĞĞƚĞĂƐƚŽĨWĂƐĞŽ 'ƌĂŶĚĞ;ŽŶĞďŽƵŶĚĂƌLJͿ͖ĂŶĚŽŶsĞŶƚƵWĂƌŬ;ĂŵŝŶŽŽƐZŝŽƐͿĨƌŽŵ,ŝůůĐƌĞƐƚƚŽ>ĂǁƌĞŶĐĞ͖ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐĂŶĚƐůŽƉĞƐŽŶƚŚĞŶŽƌƚŚĂŶĚƐŽƵƚŚƐŝĚĞŽĨ,ŝůůĐƌĞƐƚĨƌŽŵ>LJŶŶƚŽWĂƐĞŽ'ƌĂŶĚĞ͖ ƚŚĞŶŽƌƚŚĂŶĚĞĂƐƚƐŝĚĞŽĨĂŵŝŶŽŽƐZŝŽƐĨƌŽŵ,ŝůůĐƌĞƐƚƚŽĞ,ĂǀŝůůĂŶĚ͖ƚŚĞŶŽƌƚŚƐŝĚĞŽĨ,ŝůůĐƌĞƐƚ ĨƌŽŵϰϬϬĨĞĞƚƐŽƵƚŚŽĨĂŵŝŶŽŽƐZŝŽƐƚŽĂŵŝŶŽŽƐZŝŽƐ͖ƚŚĞŶŽƌƚŚƉĂƌŬǁĂLJŽŶ,ŝůůĐƌĞƐƚ͕ĞĂƐƚĂŶĚ ǁĞƐƚŽĨZŽůůŝŶŐDĞĂĚŽǁ͕ĂŶĚƚŚĞŽƉĞŶƐƉĂĐĞůĂŶĚƐĐĂƉŝŶŐďĞŚŝŶĚƚŚĞŚŽŵĞƐ͖ƚŚĞŶŽƌƚŚƉĂƌŬǁĂLJŽŶ ,ŝůůĐƌĞƐƚĂŶĚƐůŽƉĞƐ͕ϭϳϬĨĞĞƚǁĞƐƚŽĨ<ĂůŝŶĚĂĂŶĚϵϬϬĨĞĞƚĞĂƐƚŽĨ<ĂůŝŶĚĂ͖ĂŶĚƚŚĞŶŽƌƚŚƉĂƌŬǁĂLJŽŶ ,ŝůůĐƌĞƐƚĞĂƐƚĂŶĚǁĞƐƚŽĨ^ĂŶĂƌůŽƐĂŶĚŽƉĞŶƐƉĂĐĞůĂŶĚƐĐĂƉŝŶŐďĞŚŝŶĚƚŚĞŚŽŵĞƐ͖ • tĞĞĚĂďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞǁŝƚŚŝŶƚŚĞŽŶĞŝŶĐůƵĚŝŶŐĂƌĞĂƐůŽĐĂƚĞĚĂƚWĂƐĞŽ'ƌĂŶĚĞ͖ŝƚĂƚŝŽŶ tĂLJ͖ŵĂĚŽƌ͖,ŝůůĐƌĞƐƚĂŶĚsĞŶƚƵ͖ĂŶĚƚŚĞ/ŶĚŝĂŶƵƌŝĂů'ƌŽƵŶĚƐ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϴ
ŽŶĞϭϰ;KůƐĞŶZĚͬ^ƚĂƌĨŝƌĞͬƌďŽůĞƐͬtŝůĚǁŽŽĚͬŝŐ^ŬLJͿ • >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶƐŽŶKůƐĞŶZŽĂĚĨƌŽŵϰϬϬĨĞĞƚŶŽƌƚŚŽĨ^ƚĂƌĨŝƌĞ; ŶĚŽĨŽŶĞďŽƵŶĚĂƌLJͿƚŽ
ǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐ͖ŽŶǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐĨƌŽŵĂŶŶĂƚŽ>LJŶŶZŽĂĚ͖ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐĂŶĚƐůŽƉĞƐŝŶĐůƵĚŝŶŐƚŚĞǁĞƐƚƉĂƌŬǁĂLJŽŶKůƐĞŶZŽĂĚϰϬϬĨĞĞƚŶŽƌƚŚŽĨ^ƚĂƌĨŝƌĞ ƚŽϭ͕ϬϬϬ ĨĞĞƚƐŽƵƚŚŽĨtŝůĚǁŽŽĚ͖ƚŚĞŶŽƌƚŚĂŶĚƐŽƵƚŚƉĂƌŬǁĂLJŽŶtŝůĚǁŽŽĚ ĨƌŽŵKůƐĞŶƚŽ^ƚŽƌŵ ůŽƵĚ͖ƚŚĞŶŽƌƚŚĂŶĚƐŽƵƚŚƉĂƌŬǁĂLJƐǁŝƚŚŝŶƚŚĞnjŽŶĞďŽƵŶĚĂƌLJŽŶtŝůĚǁŽŽĚďĞƚǁĞĞŶŝŐ^ŬLJĂŶĚ ĂŵŝŶŽĞĞůĞƐƚĞ͖ǁĞƐƚƉĂƌŬǁĂLJŽŶ>LJŶŶZŽĂĚĨƌŽŵϯϬϬĨĞĞƚŶŽƌƚŚŽĨǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐƚŽŽĨ ǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐ͖ƚŚĞŶŽƌƚŚƐŝĚĞƉĂƌŬǁĂLJŽĨǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐĨƌŽŵ>LJŶŶZŽĂĚƚŽĂŶŶĂ͖ ĞĂƐƚƐŝĚĞƉĂƌŬǁĂLJŽŶĂŶŶĂĨƌŽŵǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐƚŽϮϯϱĨĞĞƚŶŽƌƚŚŽĨdŝŵďĞƌǁŽŽĚ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϭϱΘϭϱ;:ĂŶƐƐͬ>LJŶŶͬ,ĂƌƚǁŝĐŬͬ>LJŶŶŵĞƌĞͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶ:ĂŶƐƐZŽĂĚĨƌŽŵ>LJŶŶZŽĂĚƚŽ,ĂƌƚǁŝĐŬ͖ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐ͕ ƐůŽƉĞƐĂŶĚŽƉĞŶ ƐƉĂĐĞĂƌĞĂƐŽŶ ƚŚĞŶŽƌƚŚ ƐŝĚĞŽĨ :ĂŶƐƐ ĨƌŽŵ>LJŶŶZŽĂĚ ƚŽ >LJŶŶŵĞƌĞ͖ƚŚĞǁĞƐƚƉĂƌŬǁĂLJŽŶ^ƚŽŶĞŚŝůů͖ƚŚĞƐŽƵƚŚƐŝĚĞŽĨ:ĂŶƐƐĨƌŽŵ>LJŶŶZŽĂĚƚŽ>LJŶŶŵĞƌĞ͖ƚŚĞ ŽƉĞŶƐƉĂĐĞůĂŶĚƐĐĂƉŝŶŐŽŶZĂŵƐŐĂƚĞ͖ƚŚĞ :ĂŶƐƐƉĂƌŬƐŝƚĞ͖ƚŚĞŽƉĞŶƐƉĂĐĞůĂŶĚƐĐĂƉŝŶŐŽŶ,ĂƌƚǁŝĐŬ ĂŶĚ^ƚĞƚƐŽŶ͖ĂŶĚƚŚĞǁĞƐƚƐůŽƉĞŽŶ>LJŶŶZŽĂĚĨƌŽŵ>ŽƚƵƐƚŽ:ĂŶƐƐ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϭϲ;>LJŶŶZĚͬϭϬϭͬ'ƌĞĞŶŵĞĂĚŽǁͬLJƉƌĞƐƐͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶƐŽŶ>LJŶŶZŽĂĚĨƌŽŵ&ƌĞĞǁĂLJϭϬϭƚŽ'ƌĞĞŶŵĞĂĚŽǁ͖ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJĂŶĚƐůŽƉĞƐŽŶƚŚĞǁĞƐƚƐŝĚĞŽĨ>LJŶŶZŽĂĚĨƌŽŵ'ƌĞĞŶŵĞĂĚŽǁƚŽϴϬϬĨĞĞƚŶŽƌƚŚ ŽĨ'ƌĞĞŶŵĞĂĚŽǁ͖ĂŶĚƚŚĞƐůŽƉĞďĞƚǁĞĞŶƚŚĞŚŽŵĞƐĂůŽŶŐ'ƌĞĞŶŵĞĂĚŽǁ͕tŝŶĚƚƌĞĞ͕EĞǁďƵƌLJZŽĂĚ ĂŶĚLJƉƌĞƐƐ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϭϳ;KůƐĞŶZĚͬZĞŐŝŶĂͬtŝůĚǁŽŽĚͬƌďŽůĞƐͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶƐŽŶKůƐĞŶZŽĂĚĨƌŽŵϰϬϬĨĞĞƚŶŽƌƚŚŽĨ^ƚĂƌĨŝƌĞ; ŶĚŽĨŽŶĞďŽƵŶĚĂƌLJͿƚŽ
ǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐ͖
• >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐĂŶĚƐůŽƉĞƐŽŶƚŚĞĞĂƐƚƐŝĚĞŽĨKůƐĞŶZŽĂĚϯϬϬĨĞĞƚŶŽƌƚŚŽĨdŚƵŶĚĞƌŚĞĂĚƚŽ ϲϱϬĨĞĞƚƐŽƵƚŚŽĨtŝůĚǁŽŽĚ͖ƚŚĞŶŽƌƚŚƐŝĚĞŽĨǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐĨƌŽŵϳϱĨĞĞƚĞĂƐƚŽĨZĞŐŝŶĂƚŽ >LJŶŶZŽĂĚĂŶĚĨƌŽŵϳϱĨĞĞƚĞĂƐƚŽĨZĞŐŝŶĂƚŽϳϱĨĞĞƚĞĂƐƚŽĨKĚĞďŽůƚ͖ĞĂƐƚƐŝĚĞŽĨKůƐĞŶͬ>LJŶŶĨƌŽŵ ϲϱϬĨĞĞƚƐŽƵƚŚŽĨtŝůĚǁŽŽĚƚŽǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐ͖ĂŶĚtŝůĚǁŽŽĚƐůŽƉĞ;ĐƵůͲĚĞͲƐĂĐĞĂƐƚŽĨ>LJŶŶ ZŽĂĚͿ͖
• tĞĞĚĂďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞǁŝƚŚŝŶƚŚĞŽŶĞŝŶĐůƵĚŝŶŐKĚĞďŽůƚĂŶĚdŚƵŶĚĞƌŚĞĂĚ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϭϴ;ƌďŽůĞƐͬ<ĞĂƚƐͬ>ŽŶŐĨĞůůŽǁͿ
• >ĂŶĚƐĐĂƉĞĚƐůŽƉĞƐĂŶĚƉĂƌŬǁĂLJƐŽŶƚŚĞƐŽƵƚŚƐŝĚĞŽĨǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐĨƌŽŵϭϬϬĨĞĞƚĞĂƐƚŽĨ <ĞĂƚƐƚŽϱϬĨĞĞƚĞĂƐƚŽĨ>ŽŶŐĨĞůůŽǁ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϵ
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϭϵ;>LJŶŶZĚͬ
ĂƐƚ^ůŽƉĞͬEŽƌƚŚWĂƌŬǁĂLJͬ:ĂŶƐƐͿ
• >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐĂŶĚƐůŽƉĞƐŽŶƚŚĞĞĂƐƚƐŝĚĞƐůŽƉĞŽĨ>LJŶŶZŽĂĚĂŶĚŽŶƚŚĞŶŽƌƚŚƉĂƌŬǁĂLJĂŶĚ ƐůŽƉĞ͕ϯϰϬĨĞĞƚƐŽƵƚŚŽĨ:ĂŶƐƐ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϮϬ;>LJŶŶZĚͬ>ŽƚƵƐͬĂŵŝŶŽDĂŶnjĂŶĂƐͿ
• >ĂŶĚƐĐĂƉĞĚ ƉĂƌŬǁĂLJƐ ĂŶĚ ƐůŽƉĞƐ ŽŶ ƚŚĞ ǁĞƐƚ ƐŝĚĞ ŽĨ >LJŶŶ ZŽĂĚ ĨƌŽŵ >ŽƚƵƐ ƚŽ ϭϱϬ ĨĞĞƚ ŶŽƌƚŚ ŽĨ ĂŵŝŶŽDĂŶnjĂŶĂƐ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϮϭ;DŽŽƌƉĂƌŬZĚͬϭϬϭͬ>ŽƐWĂĚƌĞƐͬZŽůůŝŶŐKĂŬƐͿ • >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶ^ŽƵƚŚDŽŽƌƉĂƌŬZŽĂĚĨƌŽŵƐŽƵƚŚŽĨ&ƌĞĞǁĂLJϭϬϭƚŽ>ŽƐWĂĚƌĞƐ;ƚŚĞ ůĞŶŐƚŚŽĨƚŚĞŽŶĞďŽƵŶĚĂƌLJͿ͖
• >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐŽŶƚŚĞĞĂƐƚƐŝĚĞŽĨ^ŽƵƚŚDŽŽƌƉĂƌŬďĞƚǁĞĞŶ>ŽƐWĂĚƌĞƐĂŶĚZŽůůŝŶŐKĂŬƐ͖ • tĞĞĚ ĂďĂƚĞŵĞŶƚ ŽĨ ŽƉĞŶ ƐƉĂĐĞ ǁŝƚŚŝŶ ƚŚĞ ŽŶĞ ŝŶĐůƵĚŝŶŐ ĂƌĞĂƐ ĂůŽŶŐ >ŽƐ WĂĚƌĞƐ͕ tŽŽĚůĞƚ͕ ^ĐĂƌďŽƌŽƵŐŚ͕EĞǁĐĂƐƚůĞ͕KĂŬŚĂŵƉƚŽŶ͕,ŝůůƐďŽƌŽƵŐŚ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϮϮ;KůƐĞŶZĚͬDŽŽƌƉĂƌŬƚŽDŽƵŶƚůĞĨͿ
• >ĂŶĚƐĐĂƉĞĚŵĞĚŝĂŶƐŽŶKůƐĞŶZŽĂĚĨƌŽŵDŽŽƌƉĂƌŬZŽĂĚƚŽDŽƵŶƚĐůĞĨ͖ĂŶĚŽŶDŽŽƌƉĂƌŬZŽĂĚĨƌŽŵ KůƐĞŶZŽĂĚƚŽƚŚĞĞŶĚŽĨƚŚĞŽŶĞďŽƵŶĚĂƌLJ͖
• >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐŽŶƚŚĞĞĂƐƚƐŝĚĞŽĨDŽƵŶƚĐůĞĨ͕ƚŚĞƐŽƵƚŚƐŝĚĞŽĨKůƐĞŶZŽĂĚĂŶĚƚŚĞǁĞƐƚƐŝĚĞ ŽĨDŽŽƌƉĂƌŬZŽĂĚĂůŽŶŐƚŚĞŽŶĞďŽƵŶĚĂƌLJ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϮϯ;DŽŽƌƉĂƌŬZĚͬĂůůĞ
ŶƚƌĂƌͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶDŽŽƌƉĂƌŬZŽĂĚĂĚũĂĐĞŶƚƚŽƚŚĞŽŶĞďŽƵŶĚĂƌLJ͖ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJŽŶƚŚĞĞĂƐƚƐŝĚĞŽĨDŽŽƌƉĂƌŬZŽĂĚĂƚĂůůĞ ŶƚƌĂƌĂůŽŶŐƚŚĞŽŶĞďŽƵŶĚĂƌLJ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϮϰ;WĞĚĞƌƐŽŶͬKůƐĞŶͬEŽƌƚŚǁŽŽĚͬZƵƐŚŝŶŐƌĞĞŬͿ • >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶWĞĚĞƌƐŽŶZŽĂĚďĞƚǁĞĞŶKůƐĞŶZŽĂĚĂŶĚEŽƌƚŚǁŽŽĚWĂƌŬǁĂLJ͖KůƐĞŶ ZŽĂĚ ĨƌŽŵ ĂƉƉƌŽdžŝŵĂƚĞůLJ ϱϬϬ ĨĞĞƚ ǁĞƐƚ ŽĨ &ůŽĂƚŝŶŐ ůŽƵĚ ƚŽ ƚŚĞ ǁĞƐƚ ƉĂƌŬǁĂLJƐ ŽŶ &ůLJŝŶŐ ,ŝůůƐ͖ >ĂŶĚƐĐĂƉĞĚ ƉĂƌŬǁĂLJƐ ĂŶĚ ƐůŽƉĞƐ ŽŶ ƚŚĞ ŶŽƌƚŚ ƐŝĚĞ ŽĨ WĞĚĞƌƐŽŶ ZŽĂĚ ĨƌŽŵ KůƐĞŶ ZŽĂĚ ƚŽ ĂƉƉƌŽdžŝŵĂƚĞůLJϱϬϬĨĞĞƚƐŽƵƚŚŽĨEŽƌƚŚǁŽŽĚWĂƌŬǁĂLJ͖ƚŚĞEŽƌƚŚǁŽŽĚƉĂƌŬǁĂLJƐĂŶĚƐůŽƉĞƐĨƌŽŵϳϬϬ ĨĞĞƚƐŽƵƚŚŽĨDĂďƌĞLJŽƵƌƚ͕ƚŽĂŶĚŝŶĐůƵĚŝŶŐ͕DĂďƌĞLJŽƵƌƚ͖ƚŚĞƉĂƌŬǁĂLJƐĂŶĚƐůŽƉĞƐŽŶKůƐĞŶZŽĂĚ͕ ĞĂƐƚĂŶĚǁĞƐƚŽĨ&ůŽĂƚŝŶŐůŽƵĚ͖ƚŚĞZƵƐŚŝŶŐƌĞĞŬƉĂƌŬǁĂLJƐĂŶĚƐůŽƉĞƐ͖ƚŚĞƐŽƵƚŚƉĂƌŬǁĂLJŽŶKůƐĞŶ Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϬ
ZŽĂĚďĞƚǁĞĞŶƚŚĞWĞĚĞƌƐŽŶƐůŽƉĞƐĂŶĚƚŚĞǁĞƐƚƉĂƌŬǁĂLJƐŽŶ&ůLJŝŶŐ,ŝůůƐ͖ĂŶĚƚŚĞŶŽƌƚŚƉĂƌŬǁĂLJƐŽŶ DŽŽƌƉĂƌŬZŽĂĚĂƚƌŽƐƐƌŝĚŐĞ͖
• tĞĞĚĂďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞǁŝƚŚŝŶƚŚĞŽŶĞŝŶĐůƵĚŝŶŐEŽƌƚŚǁŽŽĚWĂƌŬǁĂLJĂŶĚZƵƐŚŝŶŐƌĞĞŬ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϮϱΘϮϱ;
ƌďĞƐZĚͬ^ƵŶƐĞƚ,ŝůůƐͬKůƐĞŶͬǀĞŶŝĚĂĞ>ŽƐ&ůŽƌĞƐͬWĂƌŬǀŝĞǁͿ • >ĂŶĚƐĐĂƉĞĚŵĞĚŝĂŶƐŽŶ
ƌďĞƐZŽĂĚ ĨƌŽŵ^ƵŶƐĞƚ,ŝůůƐŽƵůĞǀĂƌĚ ƚŽǀĞŶŝĚĂĞ>ŽƐ&ůŽƌĞƐ͕ĂŶĚŽŶ ^ƵŶƐĞƚ,ŝůůƐŽƵůĞǀĂƌĚĨƌŽŵƚŚĞϮϯ&ƌĞĞǁĂLJƚŽǀĞŶŝĚĂŵĂƌĂŶƚŽ͖ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐŽŶƚŚĞĞĂƐƚƐŝĚĞŽĨ
ƌďĞƐZŽĂĚďĞƚǁĞĞŶǀĞŶŝĚĂĞ>ŽƐ&ůŽƌĞƐĂŶĚ^ƵŶƐĞƚ,ŝůůƐ ŽƵůĞǀĂƌĚ͖ ƚŚĞ ǁĞƐƚ ƐŝĚĞ ŽĨ
ƌďĞƐ ZŽĂĚ ĨƌŽŵ ^ƵŶƐŚŝŶĞ ƚŽ ^ƵŶƐĞƚ ,ŝůůƐ ŽƵůĞǀĂƌĚ ĂŶĚ ǁĞƐƚ ƚŽ Ϯϯ &ƌĞĞǁĂLJ͖ ƚŚĞ ĞĂƐƚ ƐŝĚĞ ƉĂƌŬǁĂLJƐ ĂŶĚ ƐůŽƉĞƐ ŽŶ
ƌďĞƐ ZŽĂĚ ĨƌŽŵ DĐƌĞĂ͕ ĂŶĚ EŽƌƚŚ &ĞƌŶůĞĂĨ ƚŽ
>ĞŵŽŶďĞƌƌLJ͖ƚŚĞůĂŶĚƐĐĂƉĞĚŽƉĞŶƐƉĂĐĞďĞŚŝŶĚŚŽŵĞƐĂƚZŽďŽƵƌƚĂŶĚWĞĂŬWůĂĐĞ͖ŶŽƌƚŚƐŝĚĞƐůŽƉĞ ĂƚDŽŶƚĞĂƌůŽƚŽ^ƵŶƐĞƚ,ŝůůƐŽƵůĞǀĂƌĚ͕ĂŶĚƚŚĞƐŽƵƚŚƐŝĚĞůĂŶĚƐĐĂƉĞĚŽƉĞŶƐƉĂĐĞŽŶ^ƵŶƐĞƚ,ŝůůƐ ŽƵůĞǀĂƌĚĂƚƚŚĞŵĂƌĂŶƚŽůĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJ͖ƚŚĞƐŽƵƚŚƐŝĚĞƉĂƌŬǁĂLJŽĨǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐ ĨƌŽŵ
ƌďĞƐƚŽ<ĞŶƐŝŶŐƚŽŶ͖ŽŶWĂƌŬǀŝĞǁ͕ƚŚĞǁĞƐƚƉĂƌŬǁĂLJƚŽƌďŽůĞƐ͕ƚŚĞŶŽƌƚŚƐŝĚĞƚŽ ƌďĞƐĂŶĚƚŚĞ
ĞĂƐƚƐŝĚĞƚŽDĞĂĚŽǁďƌŽŽŬ͖
ƌďĞƐ͕ĞĂƐƚƉĂƌŬǁĂLJĂŶĚƐůŽƉĞĂƚDĐƌĞĂ͖ůĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJĂŶĚƐůŽƉĞƐ ŽŶƚŚĞŶŽƌƚŚƐŝĚĞŽĨ^ƵŶƐĞƚ,ŝůůƐŽƵůĞǀĂƌĚ ĨƌŽŵǀĞŶŝĚĂŵĂƌĂŶƚŽƚŽƚŚĞǁĞƐƚďŽƵŶĚĂƌLJŽĨdƌĂĐƚ ϰϲϬϰ;ϴϬϬĨĞĞƚĞĂƐƚĞŶĚŽĨǀĞŶŝĚĂŵĂƌĂŶƚŽͿ͖ůĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJĂŶĚƐůŽƉĞƐŽŶƚŚĞƐŽƵƚŚƐŝĚĞŽĨ ^ƵŶƐĞƚ,ŝůůƐŽƵůĞǀĂƌĚ͕ĨƌŽŵǀĞŶŝĚĂŵĂƌĂŶƚŽƚŽKĐĞĂŶůƵĨĨǀĞŶƵĞ͖ • tĞĞĚĂďĂƚĞŵĞŶƚŽĨŝƚLJŽǁŶĞĚŽƉĞŶƐƉĂĐĞĂƌĞĂƐǁŝƚŚŝŶƚŚĞŽŶĞ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ /Ŷ ϮϬϭϳ ĂŶĚ ϮϬϭϴ͕ Ă ĂƉŝƚĂů /ŵƉƌŽǀĞŵĞŶƚ WƌŽũĞĐƚ ǁĂƐ ĂĚĚĞĚ ƚŽ ŽŶĞ Θ ƚŽ ŝŶĐůƵĚĞ ƚŚĞ ĨŽůůŽǁŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐ͗ƚƵƌĨƌĞŵŽǀĂů͕ƉůĂŶƚŝŶŐŶĞǁƚƌĞĞƐĂŶĚĚƌŽƵŐŚƚƚŽůĞƌĂŶƚŐƌŽƵŶĚĐŽǀĞƌŝŶŐƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚ ϮϬϭϳ&ŽƌĞƐƚƌLJDĂƐƚĞƌWůĂŶ͕ ƌĞŵŽǀĂůŽĨƐƉƌŝŶŬůĞƌƐĂŶĚŝŶƐƚĂůůŝŶŐŚĂƌĚƉŝƉĞďƵďďůĞƌƐLJƐƚĞŵ͕ŐƌĂĚŝŶŐĂŶĚ ĐƌĞĂƚŝŶŐ ůŽĐĂů ĚĞƉƌĞƐƐŝŽŶƐ ƚŽ ĐŽŶƚĂŝŶ ŝƌƌŝŐĂƚŝŽŶ ĂŶĚ ƌĂŝŶǁĂƚĞƌ ǁŝƚŚŝŶ ƚŚĞ ůĂŶĚƐĐĂƉŝŶŐ ;ďŝŽƐǁĂůĞƐ ͬ ƌĞƚĞŶƚŝŽŶďĂƐŝŶƐͿ͕ƌĞŵŽǀĞĐŽŶĐƌĞƚĞĂŶĚƌĞƉůĂĐĞǁŝƚŚĚĞĐŽƌĂƚŝǀĞƉĂǀŝŶŐ͘ ŽŶĞϮϲ;:ĂŶƐƐŽƵŶƚƌLJKĂŬƐͬDĂƌǀŝĞǁͬ^ŚĂĚŽǁKĂŬƐͬ^ĂƉƌĂͬ ƌďĞƐͿ
• >ĂŶĚƐĐĂƉĞĚĂƌĞĂƐǁŝƚŚŝŶĂŶĚĂůŽŶŐ:ĂŶƐƐŽƵŶƚƌLJKĂŬƐĂƌĞĂ͕DĂƌǀŝĞǁ͕^ŚĂĚŽǁKĂŬƐ͕ĂŶĚ^ĂƉƌĂ͖ĂŶĚ ƚŚĞǁĞƐƚƉĂƌŬǁĂLJŽŶ
ƌďĞƐZŽĂĚĨƌŽŵ^ĂƉƌĂƚŽdƵďďƐ͖
• tĞĞĚĂďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞĂƌĞĂƐǁŝƚŚŝŶƚŚĞŽŶĞ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϮϳ;ƌŽǁŶsŝĞǁKƉĞŶƐƉĂĐĞͿ
• ƌŽǁŶsŝĞǁŽƉĞŶƐƉĂĐĞůĂŶĚƐĐĂƉŝŶŐ͖
• EĞĐĞƐƐĂƌLJƐŝĚĞǁĂůŬƌĞƉĂŝƌƐ͘
ŽŶĞϮϴ;tĞƐƚůĂŬĞƌĞĂƐ^ŽƵƚŚŽĨϭϬϭͬdŽǁŶƐŐĂƚĞͬ,ĂŵƉƐŚŝƌĞͬdƌŝƵŶĨŽͬƌŝĚŐĞŐĂƚĞͿ • >ĂŶĚƐĐĂƉĞĚŵĞĚŝĂŶƐĂŶĚƉĂƌŬǁĂLJƐƚŚƌŽƵŐŚŽƵƚƚŚĞŽŶĞŝŶĐůƵĚŝŶŐ͗ ͻ dŽǁŶƐŐĂƚĞĐĞŶƚĞƌŵĞĚŝĂŶƐĨƌŽŵsŝůůĂŐĞ'ůĞŶƚŽ>ĂŬĞǀŝĞǁ͖ ͻ sŝůůĂŐĞ'ůĞŶǀĞŶƵĞĐĞŶƚĞƌŵĞĚŝĂŶƐĨƌŽŵŐŽƵƌĂZŽĂĚƚŽtĂƚĞƌŐĂƚĞZŽĂĚ͖ ͻ ,ĂŵƉƐŚŝƌĞĐĞŶƚĞƌŵĞĚŝĂŶĨƌŽŵdŽǁŶƐŐĂƚĞƚŽtĞƐƚůĂŬĞŽƵůĞǀĂƌĚ͖ ͻ ŐŽƵƌĂZŽĂĚĐĞŶƚĞƌŵĞĚŝĂŶĂŶĚƐŽƵƚŚƉĂƌŬǁĂLJĨƌŽŵtĞƐƚůĂŬĞŽƵůĞǀĂƌĚƚŽ>ŽƐŶŐĞůĞƐ Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϭ
ŽƵŶƚLJůŝŶĞ͖
ͻ tŝŶĚǁĂƌĚ͕ŶŽƌƚŚƉĂƌŬǁĂLJĨƌŽŵdƌŝƵŶĨŽĂŶLJŽŶƚŽ>ŽƐŶŐĞůĞƐŽƵŶƚLJůŝŶĞ͖ ͻ dƌŝƵŶĨŽĂŶLJŽŶĐĞŶƚĞƌŵĞĚŝĂŶĨƌŽŵtĞƐƚůĂŬĞůǀĚƚŽ>ŽƐŶŐĞůĞƐŽƵŶƚLJůŝŶĞ͖ ͻ EŽƌƚŚǁĞƐƚĐŽƌŶĞƌƉĂƌŬǁĂLJŽĨdƌŝƵŶĨŽĂŶLJŽŶĂƚ'ůĂƐƚŽŶďƵƌLJ͖ ͻ ůĂLJĨŽƌĚŽƵƌƚ͕ƐŽƵƚŚƉĂƌŬǁĂLJĨƌŽŵƌŝĚŐĞŐĂƚĞƚŽĂƌĐůĂLJ͖ ͻ ƌŝĚŐĞŐĂƚĞŶŽƌƚŚƉĂƌŬǁĂLJĨƌŽŵtĞƐƚůĂŬĞŽƵůĞǀĂƌĚƚŽůĂLJĨŽƌĚ͖ ͻ ƐƉĞŶǁĂůůĞĂƐƚƉĂƌŬǁĂLJƐ͖
ͻ WŽƚƌĞƌŽŶŽƌƚŚƉĂƌŬǁĂLJƐ͖
ͻ &ůŽŽĚƉůĂŝŶĂůŽŶŐ&ůŽŽĚŚĂŶŶĞůĨƌŽŵtĞƐƚůĂŬĞŽƵůĞǀĂƌĚƚŽsŝƐƚĂKĂŬƐĞŶƚƌLJǁĂLJ͖ ͻ tĞƐƚůĂŬĞŽƵůĞǀĂƌĚĐĞŶƚĞƌŵĞĚŝĂŶĨƌŽŵƚŚĞϭϬϭ&ƌĞĞǁĂLJƚŽWŽƚƌĞƌŽZŽĂĚ͖ ͻ tĞĞĚĂďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞĂƌĞĂƐǁŝƚŚŝŶƚŚĞŽŶĞ͖
ͻ ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
ͻ DĂŝŶƚĞŶĂŶĐĞŽĨĚĞƐŝŐŶĂƚĞĚƐƚƌĞĞƚƚƌĞĞƐůŽĐĂƚĞĚŽŶƉƵďůŝĐƐƚƌĞĞƚƐǁŝƚŚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͖ ͻ DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ŝƚLJ ŵĂŝŶƚĂŝŶĞĚ ůĂŶĚƐĐĂƉĞ ĂƌĞĂƐ ƚŚĂƚ ŐĞŶĞƌĂůůLJ ŝŶĐůƵĚĞ ŝƌƌŝŐĂƚŝŽŶĐŽŶƚƌŽůůĞƌƐLJƐƚĞŵƐ;ǁĂƚĞƌŵĞƚĞƌďŝůůĞĚƚŽŝƚLJͿ͕ƐŚƌƵďƐ͕ŐƌŽƵŶĚĐŽǀĞƌ͕ƚƌĞĞƐ͕ĂŶĚ ŵƵůĐŚ͖
ͻ WŽƚƌĞƌŽĂŶĚtĞƐƚůĂŬĞĨůŽŽĚƉůĂŝŶĨĞŶĐŝŶŐĂŶĚŐĂƚĞƐ͖
ͻ ^ŽƵƚŚĞĂƐƚĐŽƌŶĞƌƉĂƌŬǁĂLJŽŶtĞƐƚůĂŬĞŽƵůĞǀĂƌĚďĞƚǁĞĞŶWŽƚƌĞƌŽZŽĂĚĂŶĚĞǀŽŶƐŚŝƌĞ ŽƵƌƚŝŶĐůƵĚŝŶŐůĂŶĚƐĐĂƉĞĂŶĚŐĂďŝŽŶďĂƐŬĞƚƐ͘
ŽŶĞϮϵ;ƵƚŽDĂůůƌŝǀĞͿ
• >ĂŶĚƐĐĂƉŝŶŐĂůŽŶŐƵƚŽDĂůůƌŝǀĞ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϯϬ;EŽƌƚŚZĂŶĐŚƌĞĂƐͬdŚŽƵƐĂŶĚKĂŬƐůǀĚͬ>ĂŬĞǀŝĞǁͬtĞƐƚůĂŬĞůǀĚͬ,ŝůůĐƌĞƐƚͬ<ĂŶĂŶͬ>ŝƌͿ • >ĂŶĚƐĐĂƉĞĚŵĞĚŝĂŶƐĂŶĚƉĂƌŬǁĂLJƐƚŚƌŽƵŐŚŽƵƚƚŚĞŽŶĞŝŶĐůƵĚŝŶŐ͗ • dŚŽƵƐĂŶĚKĂŬƐŽƵůĞǀĂƌĚĐĞŶƚĞƌŵĞĚŝĂŶĨƌŽŵƵĞƐĞŶďĞƌŐƚŽ>ŽƐŶŐĞůĞƐŽƵŶƚLJůŝŶĞ͖ • dŚŽƵƐĂŶĚKĂŬƐŽƵůĞǀĂƌĚŶŽƌƚŚƉĂƌŬǁĂLJĨƌŽŵ>ĂŬĞǀŝĞǁƚŽ>ŽƐŶŐĞůĞƐŽƵŶƚLJůŝŶĞ͖ • >ĂŬĞǀŝĞǁĂŶLJŽŶŵĞĚŝĂŶƐĂŶĚƚŚĞĞĂƐƚĂŶĚǁĞƐƚƉĂƌŬǁĂLJƐĨƌŽŵdŚŽƵƐĂŶĚKĂŬƐŽƵůĞǀĂƌĚ͕ŶŽƌƚŚƚŽ ƚŚĞůĂƐƚƐĐŚŽŽůĞdžŝƚ͖
• tĞƐƚůĂŬĞĐĞŶƚĞƌŵĞĚŝĂŶƐĂŶĚƚŚĞĞĂƐƚĂŶĚǁĞƐƚƉĂƌŬǁĂLJƐ͕ ĨƌŽŵϭϬϭ&ƌĞĞǁĂLJƚŽϱϬϬ ĨĞĞƚŶŽƌƚŚŽĨ ϮϭϳϬtĞƐƚůĂŬĞŽƵůĞǀĂƌĚ;>ĂŶŐZĂŶĐŚŽƌĚĞƌͿ͖
• ƵĞƐĞŶďĞƌŐ͕ĞĂƐƚƉĂƌŬǁĂLJĨƌŽŵŶŽƌƚŚŽĨdŚŽƵƐĂŶĚKĂŬƐWŽƐƚKĨĨŝĐĞƚŽ,ŝůůĐƌĞƐƚ͖ • ,ŝůůĐƌĞƐƚ͕ƐŽƵƚŚƉĂƌŬǁĂLJĨƌŽŵƵĞƐĞŶďĞƌŐƚŽtĞƐƚůĂŬĞŽƵůĞǀĂƌĚ͖ • ^ĂŶƚŝĂŐŽ͕ŶŽƌƚŚƉĂƌŬǁĂLJĨƌŽŵtĞƐƚůĂŬĞƚŽ^ŝĞƌƌĂ͖
• <ĂŶĂŶZŽĂĚĐĞŶƚĞƌŵĞĚŝĂŶƐ͕ŶŽƌƚŚĂŶĚƐŽƵƚŚƉĂƌŬǁĂLJƐĨƌŽŵtĞƐƚůĂŬĞŽƵůĞǀĂƌĚƚŽ>ŝŶĚĞƌŽĂŶLJŽŶ͖ • >ŝŶĚĞƌŽZŽĂĚĐĞŶƚĞƌŵĞĚŝĂŶƐĂŶĚǁĞƐƚƉĂƌŬǁĂLJĂŶĚďĞƌŵ͕ĨƌŽŵ<ĂŶĂŶZŽĂĚƚŽ>ŽƐŶŐĞůĞƐŽƵŶƚLJ ůŝŶĞ͖
• tĞĞĚĂďĂƚĞŵĞŶƚŽĨŽƉĞŶƐƉĂĐĞĂƌĞĂƐǁŝƚŚŝŶƚŚĞŽŶĞ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ /Ŷ ϮϬϭϳ ĂŶĚ ϮϬϭϴ͕ Ă ĂƉŝƚĂů /ŵƉƌŽǀĞŵĞŶƚ WƌŽũĞĐƚ ǁĂƐ ĂĚĚĞĚ ƚŽ ŽŶĞ ϯϬ ƚŽ ŝŶĐůƵĚĞ ƚŚĞ ĨŽůůŽǁŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐ͗ ƚƵƌĨ ƌĞŵŽǀĂů͕ƉůĂŶƚŝŶŐŶĞǁ ƚƌĞĞƐĂŶĚĚƌŽƵŐŚƚ ƚŽůĞƌĂŶƚŐƌŽƵŶĚĐŽǀĞƌŝŶŐƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚ ϮϬϭϳ &ŽƌĞƐƚƌLJDĂƐƚĞƌ WůĂŶ͕ ƌĞŵŽǀĂů ŽĨ ƐƉƌŝŶŬůĞƌƐ ĂŶĚ ŝŶƐƚĂůůŝŶŐ ŚĂƌĚ ƉŝƉĞ ďƵďďůĞƌ ƐLJƐƚĞŵ͕ ŐƌĂĚŝŶŐ ĂŶĚ Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϮ
ĐƌĞĂƚŝŶŐůŽĐĂůĚĞƉƌĞƐƐŝŽŶƐƚŽĐŽŶƚĂŝŶŝƌƌŝŐĂƚŝŽŶĂŶĚƌĂŝŶǁĂƚĞƌǁŝƚŚŝŶƚŚĞůĂŶĚƐĐĂƉŝŶŐ;ďŝŽƐǁĂůĞƐͬƌĞƚĞŶƚŝŽŶ ďĂƐŝŶƐͿ͕ƌĞŵŽǀĞĐŽŶĐƌĞƚĞĂŶĚƌĞƉůĂĐĞǁŝƚŚĚĞĐŽƌĂƚŝǀĞƉĂǀŝŶŐ͘ ŽŶĞϯϭ;>ĂŶŐZĂŶĐŚƌĞĂͬtĞƐƚůĂŬĞůǀĚͬƌďŽůĞƐͿ
>ĂŶĚƐĐĂƉĞĚŵĞĚŝĂŶƐĂŶĚƉĂƌŬǁĂLJƐƚŚƌŽƵŐŚŽƵƚƚŚĞŽŶĞŝŶĐůƵĚŝŶŐ͗ • ǀĞŶŝĚĂĞ>ŽƐƌďŽůĞƐŵĞĚŝĂŶĨƌŽŵWĂƌŬǀŝĞǁƚŽtĞƐƚůĂŬĞŽƵůĞǀĂƌĚ͖ • >ĂŶŐ ZĂŶĐŚ ʹ tĞƐƚůĂŬĞ ŽƵůĞǀĂƌĚ͕ ƚŚĞ ĞĂƐƚ ĂŶĚ ǁĞƐƚ ƉĂƌŬǁĂLJƐ ĂŶĚ ƐůŽƉĞƐ ĨƌŽŵ ǀĞŶŝĚĂ Ğ >ŽƐ ƌďŽůĞƐƚŽϭϳϬϬĨĞĞƚŶŽƌƚŚŽĨƌƵŶƐƚŽŶ͖
• ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϯϮĂŶĚŽŶĞϯϮ;ŽƐsŝĞŶƚŽƐͬŽƌĐŚĂƌĚͬ>ĂƐƌŝƐĂƐͿ • >ĂŶĚƐĐĂƉĞĚƐůŽƉĞƐ͕ƉĂƌŬǁĂLJƐ͕ĨĞŶĐĞƐĂŶĚƚƌĂŝůƐĂůŽŶŐďŽƚŚƐŝĚĞƐĂŶĚĐĞŶƚĞƌŵĞĚŝĂŶƐĂůŽŶŐŽƌĐŚĂƌĚ ZŽĂĚ;ĂƉƉƌŽdžŝŵĂƚĞůLJϱϬϬ͕ϬϬϬƐƋƵĂƌĞĨĞĞƚŽĨůĂŶĚƐĐĂƉŝŶŐͿĨƌŽŵƚŚĞĞĂƐƚĞƌŶďŽƵŶĚĂƌLJŽĨƚŚĞŽŶĞƚŽ sŝĂ>ĂƐƌŝƐĂƐ͖
• >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐ ;ďŽƚŚƐŝĚĞƐͿ͕ƐůŽƉĞƐ ;ŶŽƌƚŚƐŝĚĞͿĂŶĚĐĞŶƚĞƌŵĞĚŝĂŶƐŽŶ>LJŶŶZŽĂĚ ĨƌŽŵ ƚŚĞ ĞĂƐƚĞƌŶďŽƵŶĚĂƌLJŽĨƚŚĞŽŶĞƚŽƚŚĞǁĞƐƚĞƌŶďŽƵŶĚĂƌLJŽĨƚŚĞŽŶĞ;ĂƉƉƌŽdžŝŵĂƚĞůLJϮϵϮ͕ϱϬϬƐƋƵĂƌĞ ĨĞĞƚŽĨůĂŶĚƐĐĂƉŝŶŐͿ͖ĨĞŶĐĞƐĂŶĚƚƌĂŝůƐĂůŽŶŐ>LJŶŶZŽĂĚǁŝƚŚŝŶƚŚĞŽŶĞĂƌĞŵĂŝŶƚĂŝŶĞĚďLJK^͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘
ĂĐŚƉĂƌĐĞůǁŝƚŚŝŶŽŶĞϯϮŝƐĚĞƐŝŐŶĂƚĞĚĂƐĞŝƚŚĞƌƐƵďͲnjŽŶĞ͟͞Žƌ͟͞ƚŽŝĚĞŶƚŝĨLJĂŶĚĚŝƐƚŝŶŐƵŝƐŚďĞƚǁĞĞŶ ƉĂƌĐĞůƐƚŚĂƚďĞŶĞĨŝƚĨƌŽŵƐƚƌĞĞƚƚƌĞĞŵĂŝŶƚĞŶĂŶĐĞƐĞƌǀŝĐĞƐ͘^ƚƌĞĞƚƚƌĞĞŵĂŝŶƚĞŶĂŶĐĞŝƐƉƌŽǀŝĚĞĚŽŶƉƵďůŝĐ ƐƚƌĞĞƚƐŽŶůLJĂŶĚŽŶůLJƚŚŽƐĞƉƌŽƉĞƌƚŝĞƐƚŚĂƚďĞŶĞĨŝƚĨƌŽŵƚŚŝƐƐĞƌǀŝĐĞĂƌĞĂƐƐĞƐƐĞĚ͘ ^ƵďͲnjŽŶĞ͟͞ͶŝĚĞŶƚŝĨŝĞƐĂŶĚĚĞƐŝŐŶĂƚĞƐƉĂƌĐĞůƐůŽĐĂƚĞĚŽŶƉƵďůŝĐƐƚƌĞĞƚƐƚŚĂƚƉƌŽƉŽƌƚŝŽŶĂƚĞůLJƐŚĂƌĞĂŶĚ ĂƌĞĂƐƐĞƐƐĞĚĨŽƌƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐŽŶ>LJŶŶZŽĂĚ͕ŽƌĐŚĂƌĚZŽĂĚĂƐǁĞůůĂƐƚƌĞĞŵĂŝŶƚĞŶĂŶĐĞƐĞƌǀŝĐĞƐ͘ ^ƵďͲnjŽŶĞ͟͞ͶŝĚĞŶƚŝĨŝĞƐĂŶĚĚĞƐŝŐŶĂƚĞƐƉĂƌĐĞůƐůŽĐĂƚĞĚŽŶƉƌŝǀĂƚĞƐƚƌĞĞƚƐƚŚĂƚƉƌŽƉŽƌƚŝŽŶĂƚĞůLJƐŚĂƌĞ ĂŶĚĂƌĞĂƐƐĞƐƐĞĚĨŽƌƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐŽŶ>LJŶŶZŽĂĚĂŶĚŽƌĐŚĂƌĚZŽĂĚŽŶůLJ͘ /Ŷ ϮϬϭϳ ĂŶĚ ϮϬϭϴ͕ Ă ĂƉŝƚĂů /ŵƉƌŽǀĞŵĞŶƚ WƌŽũĞĐƚ ǁĂƐ ĂĚĚĞĚ ƚŽ ŽŶĞ Θ ƚŽ ŝŶĐůƵĚĞ ƚŚĞ ĨŽůůŽǁŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐ͗ƚƵƌĨƌĞŵŽǀĂů͕ƉůĂŶƚŝŶŐŶĞǁƚƌĞĞƐĂŶĚĚƌŽƵŐŚƚƚŽůĞƌĂŶƚŐƌŽƵŶĚĐŽǀĞƌŝŶŐƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚ ϮϬϭϳ&ŽƌĞƐƚƌLJDĂƐƚĞƌWůĂŶ͕ ƌĞŵŽǀĂůŽĨ ƐƉƌŝŶŬůĞƌƐĂŶĚŝŶƐƚĂůůŝŶŐŚĂƌĚƉŝƉĞďƵďďůĞƌ ƐLJƐƚĞŵ͕ŐƌĂĚŝŶŐĂŶĚ ĐƌĞĂƚŝŶŐ ůŽĐĂů ĚĞƉƌĞƐƐŝŽŶƐ ƚŽ ĐŽŶƚĂŝŶ ŝƌƌŝŐĂƚŝŽŶ ĂŶĚ ƌĂŝŶǁĂƚĞƌ ǁŝƚŚŝŶ ƚŚĞ ůĂŶĚƐĐĂƉŝŶŐ ;ďŝŽƐǁĂůĞƐ ͬ ƌĞƚĞŶƚŝŽŶďĂƐŝŶƐͿ͕ƌĞŵŽǀĞĐŽŶĐƌĞƚĞĂŶĚƌĞƉůĂĐĞǁŝƚŚĚĞĐŽƌĂƚŝǀĞƉĂǀŝŶŐ͘ ŽŶĞϯϯ;>LJŶŶZĚͬZĞŐĂůKĂŬͬ
ĂƐƚ<ĞůůĞLJͬsĞŶƚƵWĂƌŬZĚͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶ>LJŶŶZŽĂĚϲϬϬĨĞĞƚĞĂƐƚŽĨZĞŐĂůKĂŬƚŽ ĂƐƚ<ĞůůĞLJ͖
• >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐůŽƉĞƐŽŶƚŚĞƐŽƵƚŚƐŝĚĞŽĨ>LJŶŶZŽĂĚďĞƚǁĞĞŶsĞŶƚƵWĂƌŬĂŶĚ<ĞůůĞLJ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϯϰ;>LJŶŶZĚͬ,ĂŝŐŚͿ
• >ĂŶĚƐĐĂƉĞĚĐĞŶƚĞƌŵĞĚŝĂŶŽŶ>LJŶŶZŽĂĚĨƌŽŵ,ĂŝŐŚƚŽϱϱϬĨĞĞƚǁĞƐƚŽĨ,ĂŝŐŚ͖ • >ĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJĂŶĚƐůŽƉĞƐŽŶƚŚĞŶŽƌƚŚƐŝĚĞŽĨ>LJŶŶZŽĂĚĨƌŽŵ,ĂŝŐŚƚŽϳϬϬĨĞĞƚǁĞƐƚŽĨ,ĂŝŐŚ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϯ
ŽŶĞϯϱ;dƌĞĞDĂŝŶƚĞŶĂŶĐĞĨŽƌdƌĂĐƚƐͿ
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϯϲ;ĂŵŝŶŽŽƐZŝŽƐͬ'ƌĂŶĚĞsŝƐƚĂͿ
• >ĂŶĚƐĐĂƉĞĚŵĞĚŝĂŶƐŽŶĂŵŝŶŽŽƐZŝŽƐ ĨƌŽŵ'ƌĂŶĚĞsŝƐƚĂƌŝǀĞƚŽĂƉƉƌŽdžŝŵĂƚĞůLJϱϱϬ ĨĞĞƚĞĂƐƚŽĨ ,ŝůůĐƌĞƐƚƌŝǀĞ͖
• >ĂŶĚƐĐĂƉĞĚŵĞĚŝĂŶƐŽŶ'ƌĂŶĚĞsŝƐƚĂƌŝǀĞŶŽƌƚŚŽĨĂŵŝŶŽŽƐZŝŽƐ͖ • ^ŝĚĞǁĂůŬ͕ĐƵƌďĂŶĚŐƵƚƚĞƌƌĞƉĂŝƌ͖
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϯϳ;ZĞŝŶŽͬ<ŝŵďĞƌͬDĂƵƌŝĐĞͿ
• >ĂŶĚƐĐĂƉĞĚŵĞĚŝĂŶƐŽŶZĞŝŶŽZŽĂĚĨƌŽŵ<ŝŵďĞƌƌŝǀĞƐŽƵƚŚƚŽDĂƵƌŝĐĞƌŝǀĞ͖ • DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŽŶĞϯϳ;KƉĞŶ^ƉĂĐĞͿ
• ƐƚƌŝƉŽĨŽƉĞŶƐƉĂĐĞĂƌĞĂϭϬϬĨĞĞƚǁŝĚĞĨƌŽŵƚŚĞĞĂƐƚĞƌůLJƉƌŽƉĞƌƚLJůŝŶĞŽĨƐƐĞƐƐŽƌWĂƌĐĞůEƵŵďĞƌƐ ϲϲϱͲϬͲϬϮϬͲϮϭĂŶĚϲϲϱͲϬͲϬϮϬͲϮϳ ĨŽƌƚƌĞĞŵĂŝŶƚĞŶĂŶĐĞƉƵƌƉŽƐĞƐĂŶĚǁĞĞĚĂďĂƚĞŵĞŶƚĂƐƌĞƋƵŝƌĞĚďLJ ƚŚĞsĞŶƚƵƌĂŽƵŶƚLJ&ŝƌĞĞƉĂƌƚŵĞŶƚ͘
ŽŶĞϯϴ;DŽŽƌƉĂƌŬZĚͬŽůƵŵďŝĂͬŽƵŶƚƌLJůƵďZĚͿ
• >ĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐůŽĐĂƚĞĚŽŶƚŚĞĞĂƐƚƐŝĚĞŽĨDŽŽƌƉĂƌŬZŽĂĚĂĚũĂĐĞŶƚƚŽƚŚĞƉƌŽƉĞƌƚŝĞƐůŽĐĂƚĞĚ ŽŶ ŽƵŶƚƌLJ ůƵď ZŽĂĚ ũƵƐƚ ŶŽƌƚŚ ŽĨ ŽůƵŵďŝĂ ZŽĂĚ ƚŚĂƚ ǁĞƌĞ ŝŶƐƚĂůůĞĚ ĂƐ ƉĂƌƚ ŽĨ ƚŚĞ ŝƚLJ͛Ɛ ĂƉŝƚĂů /ŵƉƌŽǀĞŵĞŶƚWƌŽũĞĐƚϭϭϴϭ͘
ŽŶĞϯϵ;^>LJŶŶZĚͬ
ŽĨsĞŶƚƵͿ
• >ĂŶĚƐĐĂƉĞ ƉĂƌŬǁĂLJͬƐůŽƉĞ ůŽĐĂƚĞĚ ŽŶ ƚŚĞ ƐŽƵƚŚ ƐŝĚĞ ŽĨ >LJŶŶ ZŽĂĚ ĨƌŽŵ sĞŶƚƵ WĂƌŬ ZŽĂĚ ĞĂƐƚ ĂƉƉƌŽdžŝŵĂƚĞůLJ ϭϴϬ ĨĞĞƚ ƚŽ ƚŚĞ ĞĂƐƚĞƌŶ ďŽƵŶĚĂƌLJ ŽĨ WƌŽũĞĐƚ EŽ͘ >ϲϵϰ ;ĞdžƚĞŶƐŝŽŶ ŽĨ ƚŚĞ ,ŽƉĞ ƌ ĐĞŶƚĞƌůŝŶĞͿ͘
• DĂŝŶƚĞŶĂŶĐĞ ŽĨ ĚĞƐŝŐŶĂƚĞĚ ƐƚƌĞĞƚ ƚƌĞĞƐ ůŽĐĂƚĞĚ ŽŶ ƉƵďůŝĐ ƐƚƌĞĞƚƐ ǁŝƚŚŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚͲŵĂŝŶƚĂŝŶĞĚůĂŶĚƐĐĂƉĞĚĂƌĞĂƐŽĨƚŚĞŽŶĞ͘ ŝƐƚƌŝĐƚ>ŝŐŚƚŝŶŐ/ŵƉƌŽǀĞŵĞŶƚƐ
WƵďůŝĐ ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ ĞdžŝƐƚƐ ƚŚƌŽƵŐŚŽƵƚ ƚŚĞ ŝƚLJ ŽĨ dŚŽƵƐĂŶĚ KĂŬƐ ĂŶĚ ƚŚĞ ĐŽƐƚƐ ŽĨ ŵĂŝŶƚĂŝŶŝŶŐ ĂŶĚ ƐƵƉƉůLJŝŶŐĞůĞĐƚƌŝĐŝƚLJ ĨŽƌ ƚŚĞƐĞ ůŝŐŚƚƐ ĂƌĞ ĨƵŶĚĞĚ ƚŚƌŽƵŐŚ ďŽƚŚĚ sĂůŽƌĞŵ ƌĞǀĞŶƵĞƐ ĂŶĚ ƐƉĞĐŝĂů ďĞŶĞĨŝƚ ĂƐƐĞƐƐŵĞŶƚƐ͘WĂƌĐĞůƐ͕ƐƵďĚŝǀŝƐŝŽŶƐĂŶĚĚĞǀĞůŽƉŵĞŶƚƐƚŚĂƚƌĞĐĞŝǀĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐĨƌŽŵůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐ ;ŝŶͲƚƌĂĐƚƐƚƌĞĞƚůŝŐŚƚŝŶŐĂŶĚͬŽƌĂĚũĂĐĞŶƚƐƚƌĞĞƚůŝŐŚƚŝŶŐͿĂƌĞĂƐƐĞƐƐĞĚĨŽƌŽŶůLJĂƉŽƌƚŝŽŶŽĨƚŚĞƐƚƌĞĞƚůŝŐŚƚŝŶŐ ĐŽƐƚƐ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ƚŚĞƐĞ ŝŵƉƌŽǀĞŵĞŶƚƐ͘dŚĞ ƌĞŵĂŝŶŝŶŐ ůŽĐĂů ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ ĐŽƐƚƐ͕ ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ ĂŶĚ ƚƌĂĨĨŝĐƐŝŐŶĂůƐŝĚĞŶƚŝĨŝĞĚĂƐŐĞŶĞƌĂůďĞŶĞĨŝƚĂƌĞ ĨƵŶĚĞĚ ƚŚƌŽƵŐŚĚsĂůŽƌĞŵ ƌĞǀĞŶƵĞƐĂŶĚŽƚŚĞƌ ƌĞǀĞŶƵĞ ƐŽƵƌĐĞƐ͘ &Žƌ ĂĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉƵƌƉŽƐĞƐ͕ ƚŚĞ ŝƐƚƌŝĐƚ ŝƐ ĚŝǀŝĚĞĚ ŝŶƚŽ Ɛŝdž >ŝŐŚƚŝŶŐ ŽŶĞƐ ƚŚĂƚ ƌĞƉƌĞƐĞŶƚ ŐĞŽŐƌĂƉŚŝĐĂůƌĞŐŝŽŶƐŽĨƚŚĞŝƚLJ͘tŝƚŚŝŶĞĂĐŚŽĨƚŚĞƐĞƐŝdžnjŽŶĞƐ͕ŽŶůLJƉĂƌĐĞůƐƚŚĂƚƌĞĐĞŝǀĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐ ĨƌŽŵůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐĂƌĞĂƐƐĞƐƐĞĚ͕ĞĂĐŚďĞŝŶŐĂƐƐĞƐƐĞĚƉƌŽƉŽƌƚŝŽŶĂƚĞůLJĨŽƌƚŚĞĐŽƐƚŽĨƉƌŽǀŝĚŝŶŐůŽĐĂů ƐƚƌĞĞƚůŝŐŚƚŝŶŐŝŶƚŚĞŝƌĂƌĞĂ͘
>ŝŐŚƚŝŶŐŽŶĞƐ
ŽŶĞƐƚŚƌŽƵŐŚĂƌĞůŽĐĂƚĞĚƐŽƵƚŚŽĨƚŚĞsĞŶƚƵƌĂ&ƌĞĞǁĂLJ;,ǁLJϭϬϭͿ • ŽŶĞŝƐƚŚĞǁĞƐƚĞƌŶŽŶĞͲƚŚŝƌĚ͖
• ŽŶĞŝƐƚŚĞĐĞŶƚƌĂůĂƌĞĂ͖
Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϰ
• ŽŶĞŝƐƚŚĞĞĂƐƚĞƌŶŽŶĞͲƚŚŝƌĚ͘
ŽŶĞƐƚŚƌŽƵŐŚ&ĂƌĞůŽĐĂƚĞĚŶŽƌƚŚŽĨƚŚĞsĞŶƚƵƌĂ&ƌĞĞǁĂLJ;,ǁLJϭϬϭͿ • ŽŶĞŝƐƚŚĞĞĂƐƚĞƌŶƉŽƌƚŝŽŶŬŶŽǁŶĂƐEŽƌƚŚZĂŶĐŚ͖
• ŽŶĞ
ŝƐƚŚĞƌĞŵĂŝŶĚĞƌŽĨƚŚĞĞĂƐƚĞƌŶƉŽƌƚŝŽŶƚŚĂƚŝƐĞĂƐƚŽĨƚŚĞdŚŽƵƐĂŶĚKĂŬƐ&ƌĞĞǁĂLJ;,ǁLJ ϮϯͿ͖
• ŽŶĞ&ŝƐĂůůĂƌĞĂƐŶŽƌƚŚŽĨƚŚĞsĞŶƚƵƌĂ&ƌĞĞǁĂLJ;,ǁLJϭϬϭͿĂŶĚǁĞƐƚŽĨƚŚĞdŚŽƵƐĂŶĚKĂŬƐ &ƌĞĞǁĂLJ;,ǁLJϮϯͿ
ŝƐƚƌŝĐƚĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚWƌŽũĞĐƚƐ
/Ŷ&ĞďƌƵĂƌLJϮϬϬϲ͕ƚŚĞŝƚLJĂĐƋƵŝƌĞĚ ƚŚĞ ƌŝŐŚƚƐ ƚŽĂϯ͘ϮϵĂĐƌĞƉĂƌĐĞů ƚŽďĞƵƐĞĚ ĨŽƌ ƚŚĞĞdžƉĂŶƐŝŽŶŽĨ ƚŚĞ DƵŶŝĐŝƉĂů ^ĞƌǀŝĐĞ ĞŶƚĞƌ ;͞D^͟Ϳ ƚŽ ĂĚĚƌĞƐƐ ŚĂnjĂƌĚŽƵƐ ǁĂƐƚĞ ĐŽůůĞĐƚŝŽŶ ƌĞĐLJĐůŝŶŐ ƚƌĂŶƐƉŽƌƚĂƚŝŽŶ ĂŶĚ ĞƋƵŝƉŵĞŶƚ ƐƚŽƌĂŐĞ ŶĞĞĚƐ ŽĨ ƚŚĞ ŝƚLJ͘ dŚĞ ĞdžƉĂŶƐŝŽŶ ŝƐ ƚŽ ŝŶĐůƵĚĞ Ă ĐŽŵŵƵŶŝƚLJ ƌĞĐLJĐůŝŶŐ ĨĂĐŝůŝƚLJ͕ ƚƌĂŶƐƉŽƌƚĂƚŝŽŶďƵƐƐƚŽƌĂŐĞĂŶĚŵĂŝŶƚĞŶĂŶĐĞĂƐǁĞůůĂƐŵĞĞƚŝŶŐ ƌŽŽŵĂŶĚŽĨĨŝĐĞ ƐƉĂĐĞ͘dŚĞΨϱ͕ϯϭϬ͕ϬϬϬ ƉƌŽũĞĐƚ ǁĂƐ ĨƵŶĚĞĚ ďLJ ƚŚĞ ǀĂƌŝŽƵƐ ĚĞƉĂƌƚŵĞŶƚƐ ƵƐŝŶŐ ƚŚĞ ĨĂĐŝůŝƚLJ ĂƐ ǁĞůů ĂƐ Ă Ψϱϴϱ͕ϬϬϬ &ĞĚĞƌĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ'ƌĂŶƚ͘dŚĞ>ĂŶĚƐĐĂƉŝŶŐŝƐƚƌŝĐƚǁĂƐƌĞƐƉŽŶƐŝďůĞĨŽƌΨϲϰϯ͕ϬϬϬŝŶD^ĞdžƉĂŶƐŝŽŶĨƵŶĚŝŶŐĂŶĚ ƚŚĞ ůŝŐŚƚŝŶŐ ĚŝƐƚƌŝĐƚ ĨŽƌ ΨϰϮϳ͕ϱϬϬ͘ dŚĞ ƚŽƚĂů ůĂŶĚƐĐĂƉĞ ĂŶĚ ůŝŐŚƚŝŶŐ ĐŽŶƚƌŝďƵƚŝŽŶ ĂŵŽƵŶƚ ŽĨ Ψϭ͕ϬϳϬ͕ϱϬϬ ƌĞƉƌĞƐĞŶƚƐϮϬ͘ϮйŽĨƚŚĞŽǀĞƌĂůůƉƌŽũĞĐƚĐŽƐƚ͘dŚŝƐƉƌŽũĞĐƚǁĂƐĐŽŵƉůĞƚĞĚŝŶϮϬϭϰĂŶĚƚŚĞŽďůŝŐĂƚŝŽŶƚŽƚŚĞ ŝƐƚƌŝĐƚŚĂƐďĞĞŶƐĂƚŝƐĨŝĞĚ͘
/Ŷ ƚŚĞ ƐƵŵŵĞƌ ŽĨ ϮϬϭϳ ƚŚĞ ŝƚLJ ƉĞƌĨŽƌŵĞĚ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂŶĚ ƵƉŐƌĂĚĞƐ ƚŽ ƚŚĞ ůĂŶĚƐĐĂƉĞĚ ĂƌĞĂƐ ĂŶĚ ŝƌƌŝŐĂƚŝŽŶƐLJƐƚĞŵƐŝŶƚŚĞĨŝǀĞĚĞŵŽŶƐƚƌĂƚŝŽŶƐŝƚĞƐĨƌŽŵƚŚĞϮϬϭϳ&ŽƌĞƐƚƌLJĂŶĚ>ĂŶĚƐĐĂƉĞDĂƐƚĞƌWůĂŶǁŝƚŚ ĂĐŽƐƚŽĨΨϭ͕ϲϲϮ͕ϬϬϬ͘dŚĞ>ĂŶĚƐĐĂƉĞŝƐƚƌŝĐƚǁĂƐ ƌĞƐƉŽŶƐŝďůĞ ĨŽƌΨϭ͕ϬϱϬ͕ϱϬϬŽĨ ƚŚĞ ƚŽƚĂůƉƌŽũĞĐƚĐŽƐƚŽĨ Ψϭ͕ϲϲϮ͕ϬϬϬ͘dŚĞůŽĐĂƚŝŽŶƐŽĨƚŚĞƐŝƚĞƐĂƌĞŝŶŽƐsŝĞŶƚŽƐ͕EĞǁďƵƌLJWĂƌŬ͕dŚŽƵƐĂŶĚKĂŬƐͲtĞƐƚ͕dŚŽƵƐĂŶĚ KĂŬƐʹ
ĂƐƚ͕ĂŶĚEŽƌƚŚZĂŶĐŚͬtĞƐƚůĂŬĞ͘dŚĞƉƌŽũĞĐƚǁĂƐĐŽŵƉůĞƚĞĚŝŶƚŚĞĨĂůůŽĨϮϬϭϵ͘ /ŶƚŚĞƐƵŵŵĞƌŽĨϮϬϭϵƚŚĞŝƚLJďĞŐĂŶĚĞƐŝŐŶĞĨĨŽƌƚƐƚŽƌĞƉůĂĐĞĚĂŵĂŐĞĚƚƌĞĞƐĂŶĚůĂŶĚƐĐĂƉŝŶŐĂůŽŶŐŝƚLJ ŵĂŝŶƚĂŝŶĞĚƉĂƌŬǁĂLJƐ͕ŵĞĚŝĂŶƐĂŶĚŝƚLJƌĞƐĞƌǀŽŝƌƚĂŶŬƐŝƚĞƐ͕ŝŶĐůƵĚŝŶŐ>Ă'ƌĂŶĂĚĂ͕KĂŬďƌŽŽŬ͕'ƌŝƐƐŽŵ͕ĂŶĚ tŝůĚĞƌ͕ƚŚĂƚƐƵĨĨĞƌĞĚĚĂŵĂŐĞĚƵƌŝŶŐƚŚĞtŽŽůƐĞLJ&ŝƌĞŝŶEŽǀĞŵďĞƌϮϬϭϴ͘ĨĨĞĐƚĞĚƐƚƌĞĞƚƐŝŶĐůƵĚĞtĞƐƚůĂŬĞ ŽƵůĞǀĂƌĚĂŶĚ<ĂŶĂŶZŽĂĚ͘dŽƚĂůƉƌŽũĞĐƚĐŽƐƚŽĨΨϭ͕Ϯϴϵ͕ϯϰϯŝŶĐůƵĚĞĚΨϭϰϬ͕ϯϮϱŽĨĨƵŶĚŝŶŐďLJƚŚĞ>ĂŶĚƐĐĂƉĞ ŝƐƚƌŝĐƚ͘dŚĞĨŝƌƐƚƉŚĂƐĞŽĨƉƌŽũĞĐƚĐŽŶƐƚƌƵĐƚŝŽŶ;<ĂŶĂŶĂŶĚtĞƐƚůĂŬĞŵĞĚŝĂŶƐͿďĞŐĂŶŝŶƚŚĞƐƉƌŝŶŐŽĨϮϬϮϭ͕ ǁŝƚŚƚŚĞƌĞŵĂŝŶŝŶŐƉŚĂƐĞŽĨĐŽŶƐƚƌƵĐƚŝŽŶ;ǁĂƚĞƌƚĂŶŬƐͿƐƚĂƌƚŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶŝŶϮϬϮϮ͘ /ŶƚŚĞĨĂůůŽĨϮϬϮϮƚŚĞŝƚLJƉůĂŶƐŽŶƌĞƉůĂĐŝŶŐǁŽŽĚĐƌĞƚĞĨĞŶĐĞƐŝŶEŽƌƚŚZĂŶĐŚĂŶĚǀĂƌŝŽƵƐůŽĐĂƚŝŽŶƐǁŝƚŚŝŶ ƚŚĞ ŝƚLJ͘ dŚĞ ĐŽƐƚ ŝƐĞƐƚŝŵĂƚĞĚ Ăƚ ΨϮϬϬ͕ϬϬϬ ƚŽ ďĞ ĨƵůůLJ ĨƵŶĚĞĚďLJ ƚŚĞ >ĂŶĚƐĐĂƉĞŝƐƚƌŝĐƚ͘dŚĞ ƉƌŽũĞĐƚ ŝƐ ĞdžƉĞĐƚĞĚƚŽďĞĐŽŵƉůĞƚĞĚŝŶƚŚĞƐƉƌŝŶŐŽĨϮϬϮϯ͘
/ŶƚŚĞĨĂůůŽĨϮϬϮϮƚŚĞŝƚLJƉůĂŶƐŽŶƐƚĂƌƚŝŶŐĚĞƐŝŐŶĨŽƌůĂŶĚƐĐĂƉĞĂŶĚŝƌƌŝŐĂƚŝŽŶŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶƚŚĞ ĐĞŶƚĞƌŵĞĚŝĂŶƐ ŽĨ dŚŽƵƐĂŶĚ KĂŬƐ ŽƵůĞǀĂƌĚ͕ ďĞƚǁĞĞŶƵĞƐĞŶďĞƌŐƌŝǀĞ ĂŶĚ ƚŚĞ ŽƵŶƚLJ ůŝŶĞ ŶĞĂƌ sŝĂ ŽůŝŶĂƐ͘dŚĞƉƌŽũĞĐƚĐŽŶƐŝƐƚƐŽĨǀĂƌŝŽƵƐĐĞŶƚĞƌŵĞĚŝĂŶƐƚŽƚĂůŝŶŐĂƉƉƌŽdžŝŵĂƚůĞLJϭϯϬ͕ϬϬϬƐƋƵĂƌĞĨĞĞƚǁŝƚŚĂŶ ĞƐƚŝŵĂƚĞĚ ĐŽƐƚ ŽĨ ΨϮ͕ϬϬϬ͕ϬϬϬ ƚŽ ďĞ ĨƵŶĚĞĚ ďLJ ƚŚĞ >ĂŶĚƐĐĂƉĞ ŝƐƚƌŝĐƚ͘ dŚĞ ƉƌŽũĞĐƚ ŝƐ ĞdžƉĞĐƚĞĚ ƚŽ ďĞ ĐŽŵƉůĞƚĞĚďLJƐƉƌŝŶŐŽĨϮϬϮϰ͘
/ŶƚŚĞƐƵŵŵĞƌŽĨϮϬϮϯƚŚĞŝƚLJƉůĂŶƐŽŶƐƚĂƌƚŝŶŐĚĞƐŝŐŶĨŽƌůĂŶĚƐĐĂƉĞĂŶĚŝƌƌŝŐĂƚŝŽŶŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶ ƚŚĞ ĐĞŶƚĞƌŵĞĚŝĂŶƐŽŶtĞƐƚůĂŬĞ ŽƵůĞǀĂƌĚ ďĞƚǁĞĞŶdŚŽƵƐĂŶĚKĂŬƐŽƵůĞǀĂƌĚĂŶĚůůLJƐŽŶ^ƚƌĞĞƚ͘dŚĞ ƉƌŽũĞĐƚĐŽŶƐŝƐƚƐŽĨǀĂƌŝŽƵƐĐĞŶƚĞƌŵĞĚŝĂŶƐƚŽƚĂůůLJĂƉƉƌŽdžŝŵĂƚůĞLJϮϭϬ͕ϬϬϬƐƋƵĂƌĞĨĞĞƚǁŝƚŚĂŶĞƐƚŝŵĂƚĞĚĐŽƐƚ ŽĨΨϯ͕ϬϬϬ͕ϬϬϬƚŽďĞĨƵŶĚĞĚďLJƚŚĞ>ĂŶĚƐĐĂƉĞŝƐƚƌŝĐƚ͘dŚĞƉƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽďĞĐŽŵƉůĞƚĞĚďLJƚŚĞƐƉƌŝŶŐ ŽĨϮϬϮϱ͘
Item No.8B
ϭ͘ WůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϱ
/ŶƚŚĞƐƵŵŵĞƌŽĨϮϬϮϰƚŚĞŝƚLJƉůĂŶƐŽŶƐƚĂƌƚŝŶŐĚĞƐŝŐŶĨŽƌůĂŶĚƐĐĂƉŝŶŐĂůŽŶŐ<ĂŶĂŶZŽĂĚĨƌŽŵtĞƐƚůĂŬĞ ŽƵůĞǀĂƌĚƚŽ>ŝŶĚĞƌŽĂŶLJŽŶZŽĂĚ͕ǁŚŝĐŚǁŝůůďĞďƵĚŐĞƚĞĚŝŶƚŚĞŶĞdžƚĐĂƉŝƚĂůŝŵƉƌŽǀĞŵĞŶƚďƵĚŐĞƚ͘ ŶŶĞdžĂƚŝŽŶƐ
ƐŽĨƚŚĞƉƌĞƉĂƌĂƚŝŽŶŽĨƚŚĞZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ͕ƚŚĞƌĞĂƌĞŶŽĂŶŶĞdžĂƚŝŽŶƐƉůĂŶŶĞĚ͘ Item No.8B
Ϯ͘DĞƚŚŽĚŽĨƐƐĞƐƐŵĞŶƚƉƉŽƌƚŝŽŶŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϲ
'ĞŶĞƌĂů
WƵƌƐƵĂŶƚƚŽƚŚĞϭϵϳϮĐƚ͕ƚŚĞĐŽƐƚƐŽĨƚŚĞŝƐƚƌŝĐƚŵĂLJďĞĂƉƉŽƌƚŝŽŶĞĚďLJĂŶLJĨŽƌŵƵůĂŽƌŵĞƚŚŽĚ͕ǁŚŝĐŚĨĂŝƌůLJ ĚŝƐƚƌŝďƵƚĞƐƚŚĞŶĞƚĂŵŽƵŶƚƚŽďĞĂƐƐĞƐƐĞĚĂŵŽŶŐĂƐƐĞƐƐĂďůĞƉĂƌĐĞůƐŝŶƉƌŽƉŽƌƚŝŽŶƚŽƚŚĞĞƐƚŝŵĂƚĞĚďĞŶĞĨŝƚƐƚŽ ďĞƌĞĐĞŝǀĞĚďLJĞĂĐŚƐƵĐŚƉĂƌĐĞůĨƌŽŵƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐ͘dŚĞĨŽƌŵƵůĂƵƐĞĚĨŽƌĐĂůĐƵůĂƚŝŶŐƐƉĞĐŝĂůďĞŶĞĨŝƚƐǁŝƚŚŝŶ ƚŚĞ ŝƐƚƌŝĐƚ ƌĞĨůĞĐƚƐ ƚŚĞ ĐŽŵƉŽƐŝƚŝŽŶ ŽĨ ƚŚĞ ƉĂƌĐĞůƐ ĂŶĚ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂŶĚ ƐĞƌǀŝĐĞƐ ƉƌŽǀŝĚĞĚ ƚŽ ĨĂŝƌůLJ ĂƉƉŽƌƚŝŽŶƚŚĞĐŽƐƚƐďĂƐĞĚŽŶƚŚĞĞƐƚŝŵĂƚĞĚƐƉĞĐŝĂůďĞŶĞĨŝƚƚŽĞĂĐŚƉĂƌĐĞů͘dŚĞŐĞŶĐLJŝƐƌĞƋƵŝƌĞĚƚŽŝĚĞŶƚŝĨLJĂůů ƉĂƌĐĞůƐǁŚŝĐŚŚĂǀĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐĐŽŶĨĞƌƌĞĚƵƉŽŶƚŚĞŵĂŶĚƵƉŽŶǁŚŝĐŚĂŶĂƐƐĞƐƐŵĞŶƚǁŝůůďĞŝŵƉŽƐĞĚ͘dŚĞ ƉƌŽƉŽƌƚŝŽŶĂƚĞƐƉĞĐŝĂůďĞŶĞĨŝƚ ƚŽĞĂĐŚƉĂƌĐĞůƐŚĂůůďĞĚĞƚĞƌŵŝŶĞĚŝŶ ƌĞůĂƚŝŽŶƐŚŝƉ ƚŽ ƚŚĞĞŶƚŝƌĞƚLJŽĨ ƚŚĞƉƵďůŝĐ ŝŵƉƌŽǀĞŵĞŶƚŽƌƚŚĞŵĂŝŶƚĞŶĂŶĐĞĂŶĚŽƉĞƌĂƚŝŽŶĞdžƉĞŶƐĞƐďĞŝŶŐƉƌŽǀŝĚĞĚ͘ WƌŽƉŽƐŝƚŝŽŶϮϭϴŽŵƉůŝĂŶĐĞ
/ŶĐŽŶũƵŶĐƚŝŽŶǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞϭϵϳϮĐƚ͕ƚŚĞĂůŝĨŽƌŶŝĂŽŶƐƚŝƚƵƚŝŽŶƌƚŝĐůĞy///ĂĚĚƌĞƐƐĞƐƐĞǀĞƌĂůŬĞLJ ĐƌŝƚĞƌŝĂĨŽƌƚŚĞůĞǀLJŽĨĂƐƐĞƐƐŵĞŶƚƐ͕ŶŽƚĂďůLJ͗
ƌƚŝĐůĞy///^ĞĐƚŝŽŶϮ;ĚͿĚĞĨŝŶĞƐŝƐƚƌŝĐƚĂƐĨŽůůŽǁƐ͗ ͞ŝƐƚƌŝĐƚŵĞĂŶƐĂŶĂƌĞĂĚĞƚĞƌŵŝŶĞĚďLJĂŶĂŐĞŶĐLJƚŽĐŽŶƚĂŝŶĂůůƉĂƌĐĞůƐǁŚŝĐŚǁŝůůƌĞĐĞŝǀĞĂƐƉĞĐŝĂůďĞŶĞĨŝƚ ĨƌŽŵĂƉƌŽƉŽƐĞĚƉƵďůŝĐŝŵƉƌŽǀĞŵĞŶƚŽƌƉƌŽƉĞƌƚLJƌĞůĂƚĞĚƐĞƌǀŝĐĞ͖͟ ƌƚŝĐůĞy///^ĞĐƚŝŽŶϮ;ŝͿĚĞĨŝŶĞƐ^ƉĞĐŝĂůĞŶĞĨŝƚĂƐĨŽůůŽǁƐ͗ ͞^ƉĞĐŝĂů ďĞŶĞĨŝƚ͟ŵĞĂŶƐ Ă ƉĂƌƚŝĐƵůĂƌ ĂŶĚ ĚŝƐƚŝŶĐƚ ďĞŶĞĨŝƚ ŽǀĞƌ ĂŶĚ ĂďŽǀĞ ŐĞŶĞƌĂů ďĞŶĞĨŝƚƐ ĐŽŶĨĞƌƌĞĚ ŽŶ ƌĞĂů ƉƌŽƉĞƌƚLJ ůŽĐĂƚĞĚ ŝŶ ƚŚĞ ĚŝƐƚƌŝĐƚ Žƌ ƚŽ ƚŚĞ ƉƵďůŝĐ Ăƚ ůĂƌŐĞ͘ 'ĞŶĞƌĂů ĞŶŚĂŶĐĞŵĞŶƚ ŽĨ ƉƌŽƉĞƌƚLJ ǀĂůƵĞ ĚŽĞƐ ŶŽƚ ĐŽŶƐƚŝƚƵƚĞ͞ƐƉĞĐŝĂůďĞŶĞĨŝƚ͘͟
ƌƚŝĐůĞy///^ĞĐƚŝŽŶϰ;ĂͿĚĞĨŝŶĞƐƉƌŽƉŽƌƚŝŽŶĂůƐƉĞĐŝĂůďĞŶĞĨŝƚĂƐƐĞƐƐŵĞŶƚƐĂƐĨŽůůŽǁƐ͗ ͞ŶĂŐĞŶĐLJǁŚŝĐŚ ƉƌŽƉŽƐĞƐ ƚŽůĞǀLJĂŶĂƐƐĞƐƐŵĞŶƚ ƐŚĂůůŝĚĞŶƚŝĨLJĂůů ƉĂƌĐĞůƐǁŚŝĐŚǁŝůů ŚĂǀĞĂ ƐƉĞĐŝĂů ďĞŶĞĨŝƚ ĐŽŶĨĞƌƌĞĚƵƉŽŶƚŚĞŵĂŶĚƵƉŽŶǁŚŝĐŚĂŶĂƐƐĞƐƐŵĞŶƚǁŝůůďĞŝŵƉŽƐĞĚ͘dŚĞƉƌŽƉŽƌƚŝŽŶĂƚĞƐƉĞĐŝĂůďĞŶĞĨŝƚĚĞƌŝǀĞĚ ďLJ ĞĂĐŚ ŝĚĞŶƚŝĨŝĞĚ ƉĂƌĐĞů ƐŚĂůů ďĞ ĚĞƚĞƌŵŝŶĞĚ ŝŶ ƌĞůĂƚŝŽŶƐŚŝƉ ƚŽ ƚŚĞ ĞŶƚŝƌĞƚLJ ŽĨ ƚŚĞ ĐĂƉŝƚĂů ĐŽƐƚ ŽĨ Ă ƉƵďůŝĐ ŝŵƉƌŽǀĞŵĞŶƚ͕ƚŚĞŵĂŝŶƚĞŶĂŶĐĞĂŶĚŽƉĞƌĂƚŝŽŶĞdžƉĞŶƐĞƐŽĨĂƉƵďůŝĐŝŵƉƌŽǀĞŵĞŶƚ͕ŽƌƚŚĞĐŽƐƚŽĨƚŚĞƉƌŽƉĞƌƚLJ ƌĞůĂƚĞĚƐĞƌǀŝĐĞďĞŝŶŐƉƌŽǀŝĚĞĚ͘EŽĂƐƐĞƐƐŵĞŶƚƐŚĂůůďĞŝŵƉŽƐĞĚŽŶĂŶLJƉĂƌĐĞůǁŚŝĐŚĞdžĐĞĞĚƐƚŚĞƌĞĂƐŽŶĂďůĞ ĐŽƐƚŽĨƚŚĞƉƌŽƉŽƌƚŝŽŶĂůƐƉĞĐŝĂůďĞŶĞĨŝƚĐŽŶĨĞƌƌĞĚŽŶƚŚĂƚƉĂƌĐĞů͘͟ dŚŝƐŝƐƚƌŝĐƚǁĂƐĨŽƌŵĞĚƚŽĞƐƚĂďůŝƐŚĂŶĚƉƌŽǀŝĚĞĨŽƌƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐƚŚĂƚĞŶŚĂŶĐĞƚŚĞƉƌĞƐĞŶƚĂƚŝŽŶŽĨƚŚĞ ƐƵƌƌŽƵŶĚŝŶŐƉƌŽƉĞƌƚŝĞƐĂŶĚĚĞǀĞůŽƉŵĞŶƚƐ͘dŚĞƐĞŝŵƉƌŽǀĞŵĞŶƚƐǁŝůůĚŝƌĞĐƚůLJďĞŶĞĨŝƚƚŚĞƉĂƌĐĞůƐƚŽďĞĂƐƐĞƐƐĞĚ ǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚ͘dŚĞĂƐƐĞƐƐŵĞŶƚƐĂŶĚŵĞƚŚŽĚŽĨĂƉƉŽƌƚŝŽŶŵĞŶƚŝƐďĂƐĞĚŽŶƚŚĞƉƌĞŵŝƐĞƚŚĂƚƚŚĞĂƐƐĞƐƐŵĞŶƚƐ ǁŝůůďĞƵƐĞĚƚŽĐŽŶƐƚƌƵĐƚĂŶĚŝŶƐƚĂůůůĂŶĚƐĐĂƉĞĂŶĚůŝŐŚƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶƚŚĞĞdžŝƐƚŝŶŐŝƐƚƌŝĐƚĂƐǁĞůůĂƐ ƉƌŽǀŝĚĞ ĨŽƌƚŚĞĂŶŶƵĂůŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚŽƐĞŝŵƉƌŽǀĞŵĞŶƚƐ͕ĂŶĚƚŚĞĂƐƐĞƐƐŵĞŶƚƌĞǀĞŶƵĞƐŐĞŶĞƌĂƚĞĚďLJƚŚĞ ŝƐƚƌŝĐƚǁŝůůďĞƵƐĞĚƐŽůĞůLJĨŽƌƐƵĐŚƉƵƌƉŽƐĞƐ͘
dŚĞĐŽƐƚƐŽĨƚŚĞƉƌŽƉŽƐĞĚŝŵƉƌŽǀĞŵĞŶƚƐŚĂǀĞďĞĞŶŝĚĞŶƚŝĨŝĞĚĂŶĚĂůůŽĐĂƚĞĚƚŽƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚ ďĂƐĞĚŽŶ ƐƉĞĐŝĂůďĞŶĞĨŝƚ͘dŚĞŝŵƉƌŽǀĞŵĞŶƚƐ ƚŽďĞƉƌŽǀŝĚĞĚďLJ ƚŚŝƐŝƐƚƌŝĐƚĂŶĚ ĨŽƌǁŚŝĐŚƉƌŽƉĞƌƚŝĞƐǁŝůůďĞ ĂƐƐĞƐƐĞĚ͕ŚĂǀĞďĞĞŶŝĚĞŶƚŝĨŝĞĚĂƐĂŶĞƐƐĞŶƚŝĂůĐŽŵƉŽŶĞŶƚĂŶĚůŽĐĂůĂŵĞŶŝƚLJƚŚĂƚƉƌŽǀŝĚĞƐĂĚŝƌĞĐƚƌĞĨůĞĐƚŝŽŶĂŶĚ ĞdžƚĞŶƐŝŽŶŽĨƚŚĞƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚǁŚŝĐŚƚŚĞƉƌŽƉĞƌƚLJŽǁŶĞƌƐĂŶĚƌĞƐŝĚĞŶƚƐŚĂǀĞĞdžƉƌĞƐƐĞĚĂŚŝŐŚ ůĞǀĞůŽĨƐƵƉƉŽƌƚ͘
dŚĞŵĞƚŚŽĚŽĨĂƉƉŽƌƚŝŽŶŵĞŶƚ;ŵĞƚŚŽĚŽĨĂƐƐĞƐƐŵĞŶƚͿƐĞƚĨŽƌƚŚŝŶƚŚĞZĞƉŽƌƚŝƐďĂƐĞĚŽŶƚŚĞƉƌĞŵŝƐĞƚŚĂƚĞĂĐŚ ĂƐƐĞƐƐĞĚƉƌŽƉĞƌƚLJƌĞĐĞŝǀĞƐƐƉĞĐŝĂůďĞŶĞĨŝƚƐĨƌŽŵƚŚĞůĂŶĚƐĐĂƉĞĂŶĚůŝŐŚƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚ͕ ĂŶĚƚŚĞĂƐƐĞƐƐŵĞŶƚŽďůŝŐĂƚŝŽŶĨŽƌĞĂĐŚƉĂƌĐĞůƌĞĨůĞĐƚƐƚŚĂƚƉĂƌĐĞů͛ƐƉƌŽƉŽƌƚŝŽŶĂůƐƉĞĐŝĂůďĞŶĞĨŝƚƐĂƐĐŽŵƉĂƌĞĚ ƚŽŽƚŚĞƌƉƌŽƉĞƌƚŝĞƐƚŚĂƚƌĞĐĞŝǀĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐ͘
dŽŝĚĞŶƚŝĨLJĂŶĚĚĞƚĞƌŵŝŶĞƚŚĞƉƌŽƉŽƌƚŝŽŶĂůƐƉĞĐŝĂůďĞŶĞĨŝƚƚŽĞĂĐŚƉĂƌĐĞůǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚ͕ŝƚŝƐŶĞĐĞƐƐĂƌLJƚŽ Item No.8B
Ϯ͘DĞƚŚŽĚŽĨƐƐĞƐƐŵĞŶƚƉƉŽƌƚŝŽŶŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϳ
ĐŽŶƐŝĚĞƌ ƚŚĞ ĞŶƚŝƌĞ ƐĐŽƉĞ ŽĨ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ƉƌŽǀŝĚĞĚ ĂƐ ǁĞůů ĂƐ ƚŚĞ ƉƌŽƉĞƌƚŝĞƐ ƚŚĂƚ ďĞŶĞĨŝƚ ĨƌŽŵ ƚŚŽƐĞ ŝŵƉƌŽǀĞŵĞŶƚƐ͘ dŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂŶĚ ƚŚĞ ĂƐƐŽĐŝĂƚĞĚ ĐŽƐƚƐ ĚĞƐĐƌŝďĞĚ ŝŶ ƚŚŝƐ ZĞƉŽƌƚ͕ ŚĂǀĞ ďĞĞŶ ĐĂƌĞĨƵůůLJ ƌĞǀŝĞǁĞĚ ĂŶĚ ŚĂǀĞ ďĞĞŶ ŝĚĞŶƚŝĨŝĞĚ ĂŶĚ ĂůůŽĐĂƚĞĚ ďĂƐĞĚ ŽŶ Ă ďĞŶĞĨŝƚ ƌĂƚŝŽŶĂůĞ ĂŶĚ ĐĂůĐƵůĂƚŝŽŶƐ ƚŚĂƚ ƉƌŽƉŽƌƚŝŽŶĂůůLJ ĂůůŽĐĂƚĞ ƚŚĞ ŶĞƚ ĐŽƐƚ ŽĨ ŽŶůLJ ƚŚŽƐĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ĚĞƚĞƌŵŝŶĞĚ ƚŽ ďĞ ŽĨ ƐƉĞĐŝĂů ďĞŶĞĨŝƚ ƚŽ ƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚ͘dŚĞǀĂƌŝŽƵƐƉƵďůŝĐŝŵƉƌŽǀĞŵĞŶƚƐĂŶĚƚŚĞĂƐƐŽĐŝĂƚĞĚĐŽƐƚƐŚĂǀĞďĞĞŶŝĚĞŶƚŝĨŝĞĚ ĂƐĞŝƚŚĞƌ͞ŐĞŶĞƌĂůďĞŶĞĨŝƚ͟;ŶŽƚĂƐƐĞƐƐĞĚͿŽƌ͞ƐƉĞĐŝĂůďĞŶĞĨŝƚ͘͟ ĞŶĞĨŝƚŶĂůLJƐŝƐ
dŚĞŝƐƚƌŝĐƚŝŵƉƌŽǀĞŵĞŶƚƐ͕ĂƐƐŽĐŝĂƚĞĚĐŽƐƚƐĂŶĚĂƐƐĞƐƐŵĞŶƚƐŚĂǀĞďĞĞŶƌĞǀŝĞǁĞĚ͕ŝĚĞŶƚŝĨŝĞĚĂŶĚĂůůŽĐĂƚĞĚƚŽ ĞĂĐŚĂƐƐĞƐƐĞĚƉĂƌĐĞůďĂƐĞĚŽŶƐƉĞĐŝĂůďĞŶĞĨŝƚƉƵƌƐƵĂŶƚƚŽƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞĂůŝĨŽƌŶŝĂŽŶƐƚŝƚƵƚŝŽŶĂŶĚƚŚĞ ϭϵϳϮĐƚ͘dŚĞŝŵƉƌŽǀĞŵĞŶƚƐƉƌŽǀŝĚĞĚďLJƚŚĞŝƐƚƌŝĐƚŚĂǀĞďĞĞŶŝĚĞŶƚŝĨŝĞĚĂƐŶĞĐĞƐƐĂƌLJ͕ƌĞƋƵŝƌĞĚĂŶĚͬŽƌĚĞƐŝƌĞĚ ĨŽƌƚŚĞŽƌĚĞƌůLJĚĞǀĞůŽƉŵĞŶƚŽĨƚŚĞƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶĞĂĐŚƌĞƐƉĞĐƚŝǀĞŽŶĞƚŽƚŚĞŝƌĨƵůůƉŽƚĞŶƚŝĂů͕ĐŽŶƐŝƐƚĞŶƚǁŝƚŚ ƚŚĞ ƉƌŽƉŽƐĞĚ ƉƌŽƉĞƌƚLJ ĚĞǀĞůŽƉŵĞŶƚ ƉůĂŶƐ ĂŶĚ ĂƉƉůŝĐĂďůĞ ƉŽƌƚŝŽŶƐ ŽĨ ƚŚĞ ŝƚLJ 'ĞŶĞƌĂů WůĂŶ͘ ůƚŚŽƵŐŚ ƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐŝŶĐůƵĚĞƉƵďůŝĐƐƚƌĞĞƚůŝŐŚƚŝŶŐ͕ŽƉĞŶƐƉĂĐĞĂƌĞĂƐ͕ůĂŶĚƐĐĂƉĞĚƉĂƌŬǁĂLJƐĂŶĚŵĞĚŝĂŶƐĂǀĂŝůĂďůĞŽƌ ǀŝƐŝďůĞ ƚŽ ƚŚĞ ƉƵďůŝĐ Ăƚ ůĂƌŐĞ͕ ƚŚĞ ŝƐƚƌŝĐƚ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂƌĞ ƚLJƉŝĐĂůůLJ ůŽĐĂůŝnjĞĚ ĂŶĚ ƚŚĞ ĐŽŶƐƚƌƵĐƚŝŽŶ ĂŶĚ ŝŶƐƚĂůůĂƚŝŽŶŽĨƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐǁĞƌĞŽŶůLJŶĞĐĞƐƐĂƌLJĨŽƌƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚŽƌ ǁŽƵůĚŚĂǀĞďĞĞŶƌĞƋƵŝƌĞĚĨŽƌƉƌŽƉĞƌƚLJĚĞǀĞůŽƉŵĞŶƚŝĨƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐǁĞƌĞŶŽƚƉƌĞͲĞdžŝƐƚŝŶŐ͘/ŶĞŝƚŚĞƌĐĂƐĞ͕ ƚŚĞŝƐƚƌŝĐƚŝŵƉƌŽǀĞŵĞŶƚƐǁĞƌĞŶŽƚƌĞƋƵŝƌĞĚŶŽƌŶĞĐĞƐƐĂƌŝůLJĚĞƐŝƌĞĚďLJĂŶLJƉƌŽƉĞƌƚŝĞƐŽƌĚĞǀĞůŽƉŵĞŶƚƐŽƵƚƐŝĚĞ ƚŚĞ ǀĂƌŝŽƵƐ ŽŶĞ ďŽƵŶĚĂƌŝĞƐ͘ dŚĞƌĞĨŽƌĞ͕ ĂŶLJ ƉƵďůŝĐ ĂĐĐĞƐƐ Žƌ ƵƐĞ ŽĨ ƚŚĞƐĞ ůŽĐĂů ŝŵƉƌŽǀĞŵĞŶƚƐ ďLJ ŽƚŚĞƌƐ ŝƐ ŝŶĐŝĚĞŶƚĂůĂŶĚƚŚĞƌĞŝƐŶŽŵĞĂƐƵƌĂďůĞŐĞŶĞƌĂůďĞŶĞĨŝƚƚŽƉƌŽƉĞƌƚŝĞƐŽƵƚƐŝĚĞƚŚĞŝƐƚƌŝĐƚŽƌƚŽƚŚĞƉƵďůŝĐĂƚůĂƌŐĞ͘ dŚĞŝŵƉƌŽǀĞŵĞŶƚƐ ĨŽƌǁŚŝĐŚ ƉƌŽƉĞƌƚŝĞƐĂƌĞĂƐƐĞƐƐĞĚ ĚŝƌĞĐƚůLJĞŶŚĂŶĐĞ ƚŚĞ ĚĞƐŝƌĂďŝůŝƚLJĂŶĚ ƐĞĐƵƌŝƚLJŽĨ ƚŚŽƐĞ ƉƌŽƉĞƌƚŝĞƐĂŶĚƚŚĞŽŶŐŽŝŶŐŽƉĞƌĂƚŝŽŶ͕ƐĞƌǀŝĐŝŶŐĂŶĚŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐĂƌĞĂĚŝƌĞĐƚĂŶĚƐƉĞĐŝĂů ďĞŶĞĨŝƚƚŽƚŚĞƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚ͘dŽƚŚĞĞdžƚĞŶƚƚŚĂƚƐŽŵĞŝƐƚƌŝĐƚŝŵƉƌŽǀĞŵĞŶƚƐŵĂLJƉƌŽǀŝĚĞƐŝŵŝůĂƌ ďĞŶĞĨŝƚƐƚŽƉƌŽƉĞƌƚŝĞƐŽƵƚƐŝĚĞƚŚĞǀĂƌŝŽƵƐŽŶĞďŽƵŶĚĂƌŝĞƐ͕ƚŚĞƉƌŽƉŽƌƚŝŽŶĂůĐŽƐƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞ͞ŐĞŶĞƌĂů ďĞŶĞĨŝƚ͟ĐŽŵƉŽŶĞŶƚƐĨŽƌƚŚĂƚƐƉĞĐŝĨŝĐŝŵƉƌŽǀĞŵĞŶƚĂƌĞĨƵŶĚĞĚďLJŽƚŚĞƌƐŽƵƌĐĞƐĂŶĚŶŽƚŝŶĐůƵĚĞĚĂƐƉĂƌƚŽĨƚŚĞ ƐƉĞĐŝĂů ďĞŶĞĨŝƚ ĂƐƐĞƐƐŵĞŶƚƐ͘ dŚĞ ƉƌŽƉŽƌƚŝŽŶĂů ĐŽƐƚƐ ŝĚĞŶƚŝĨŝĞĚ ĂƐ ͞ŐĞŶĞƌĂů ďĞŶĞĨŝƚ͟ ĂƌĞ ĨƵŶĚĞĚĞŝƚŚĞƌ ďLJ ƚŚĞ 'ĞŶĞƌĂů &ƵŶĚ Žƌ Ě sĂůŽƌĞŵ ƌĞǀĞŶƵĞƐ͘ dŚĞ ĂŵŽƵŶƚ ƚŽ ďĞ ĂƐƐĞƐƐĞĚ ĂŐĂŝŶƐƚ ĞĂĐŚ ƉĂƌĐĞů ǁŝƚŚŝŶ ƚŚĞ ŝƐƚƌŝĐƚ ƌĞƉƌĞƐĞŶƚƐŽŶůLJƚŚĞƉĂƌĐĞů͛ƐƉƌŽƉŽƌƚŝŽŶĂƚĞƐƉĞĐŝĂůďĞŶĞĨŝƚĨƌŽŵƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐ͘ ^ƉĞĐŝĂůĞŶĞĨŝƚƐŽĨ>ĂŶĚƐĐĂƉŝŶŐ
dŚĞŝŵƉƌŽǀĞŵĞŶƚƐ ĨƵŶĚĞĚ ďLJ ƚŚĞĂƐƐĞƐƐŵĞŶƚƐŝŶĞĂĐŚ >ĂŶĚƐĐĂƉĞŽŶĞĂƌĞ ƐƉĞĐŝĨŝĐ ƚŽ ƚŚĞŵĂŝŶƚĞŶĂŶĐĞĂŶĚ ƐĞƌǀŝĐĞŽĨƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐŝŶƐƚĂůůĞĚĂƐƉĂƌƚŽĨƚŚĞŝŶĚŝǀŝĚƵĂůƚƌĂĐƚƐ͕ĚĞǀĞůŽƉŵĞŶƚƐ͕ŽƌŶĞŝŐŚďŽƌŚŽŽĚƐǁŝƚŚŝŶ ƚŚĞŽŶĞ͘dŚĞŝŵƉƌŽǀĞŵĞŶƚƐ ĨƵŶĚĞĚďLJŝƐƚƌŝĐƚĂƐƐĞƐƐŵĞŶƚƐŚĂǀĞďĞĞŶŝĚĞŶƚŝĨŝĞĚĂƐĂƐƉĞĐŝĂůďĞŶĞĨŝƚ ƚŽ ƚŚĞ ƉƌŽƉĞƌƚŝĞƐĂƐƐĞƐƐĞĚĂŶĚƉƌŽǀŝĚĞŶŽŵĞĂƐƵƌĂďůĞŐĞŶĞƌĂůďĞŶĞĨŝƚƚŽƚŚĞƉƵďůŝĐĂƚůĂƌŐĞ͘ƐƐĞƐƐĞĚƉĂƌĐĞůƐďĞŶĞĨŝƚ ďLJŚĂǀŝŶŐůŽĐĂůůĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐĂǀĂŝůĂďůĞĨŽƌƚŚĞĞŶũŽLJŵĞŶƚĂŶĚƐĂĨĞƚLJŽĨŽǁŶĞƌƐ͕ƉĂƚƌŽŶƐ͕ĐƵƐƚŽŵĞƌƐ͕ ƌĞƐŝĚĞŶƚƐ͕ ƚĞŶĂŶƚƐ ĂŶĚ ƚŚĞŝƌ ĨĂŵŝůŝĞƐ͕ ƉƌŽǀŝĚŝŶŐ ƐƉĞĐŝĂůĞŶŚĂŶĐĞŵĞŶƚ ŽĨ ƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶ ƚŚĞ ĂƌĞĂ͘ dŚĞ ŝƚLJ ƌĞĐŽŐŶŝnjĞƐƚŚĂƚƐŽŵĞůĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐŵĂLJĞŶŚĂŶĐĞƚŚĞƋƵĂůŝƚLJŽĨůŝĨĞƚŚƌŽƵŐŚŽƵƚƚŚĞŝƚLJ͕ĂŶĚƚŽƚŚŝƐ ĞdžƚĞŶƚ͕ƚŚĞĂŵŽƵŶƚƚŽďĞĂƐƐĞƐƐĞĚƚŽƉƌŽƉĞƌƚŝĞƐƌĞĐĞŝǀŝŶŐƐƉĞĐŝĂůďĞŶĞĨŝƚŚĂǀĞďĞĞŶƌĞĚƵĐĞĚƉƌŽƉŽƌƚŝŽŶĂƚĞůLJŝŶ ƐŽŵĞŽŶĞƐƚŚƌŽƵŐŚƚŚĞƵƐĞŽĨŝƚLJĚsĂůŽƌĞŵƌĞǀĞŶƵĞƐ͘ dŚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐƉƌŽƉĞƌƚŝĞƐƌĞĐĞŝǀĞĨƌŽŵůŽĐĂůůĂŶĚƐĐĂƉŝŶŐŝŶĐůƵĚĞ͗ • dŚĞĂĞƐƚŚĞƚŝĐǀĂůƵĞŽĨŐƌĞĞŶƐƉĂĐĞ͖
• /ŵƉƌŽǀĞĚĂĞƐƚŚĞƚŝĐĂƉƉĞĂůŽĨŶĞĂƌďLJƉĂƌĐĞůƐ͖
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ŶŚĂŶĐĞĚĂĚĂƉƚĂƚŝŽŶŽĨƚŚĞƵƌďĂŶĞŶǀŝƌŽŶŵĞŶƚǁŝƚŚŝŶƚŚĞŶĂƚƵƌĂůĞŶǀŝƌŽŶŵĞŶƚ͖ • /ŵƉƌŽǀĞĚĞƌŽƐŝŽŶƌĞƐŝƐƚĂŶĐĞ͖
• /ŵƉƌŽǀĞĚĚƵƐƚĂŶĚĚĞďƌŝƐĐŽŶƚƌŽů͖
• /ŵƉƌŽǀĞĚƚƌĂĨĨŝĐĐŝƌĐƵůĂƚŝŽŶ͕ĚƌŝǀĞƌĂǁĂƌĞŶĞƐƐ͕ĂŶĚƌĞĚƵĐĞĚĂĐĐŝĚĞŶƚƐ͖ • ZĞĚƵĐĞĚŶŽŝƐĞĂŶĚĂŝƌƉŽůůƵƚŝŽŶ;ĞŶǀŝƌŽŶŵĞŶƚĂůĞŶŚĂŶĐĞŵĞŶƚͿ͖ •
ŶŚĂŶĐĞĚƐĞŶƐĞŽĨƉƌŝĚĞǁŝƚŚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚĂŶĚĐŽŵŵƵŶŝƚLJ͘ Item No.8B
Ϯ͘DĞƚŚŽĚŽĨƐƐĞƐƐŵĞŶƚƉƉŽƌƚŝŽŶŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϴ
^ƉĞĐŝĂůĞŶĞĨŝƚƐŽĨ>ŝŐŚƚŝŶŐ
dŚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐŽĨƐƚƌĞĞƚůŝŐŚƚŝŶŐĂƌĞƚŚĞĐŽŶǀĞŶŝĞŶĐĞ͕ƐĂĨĞƚLJ͕ĂŶĚƐĞĐƵƌŝƚLJŽĨƉƌŽƉĞƌƚLJ͕ŝŵƉƌŽǀĞŵĞŶƚƐ͕ĂŶĚ ŐŽŽĚƐ͘^ƉĞĐŝĨŝĐĂůůLJ͗
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ŶŚĂŶĐĞĚĚĞƚĞƌƌĞŶĐĞŽĨĐƌŝŵĞĂŶĚƚŚĞĂŝĚƚŽƉŽůŝĐĞƉƌŽƚĞĐƚŝŽŶ͖ • /ŶĐƌĞĂƐĞĚŶŝŐŚƚƚŝŵĞƐĂĨĞƚLJŽŶƌŽĂĚƐĂŶĚŚŝŐŚǁĂLJƐ͖
• /ŵƉƌŽǀĞĚĂďŝůŝƚLJŽĨƉĞĚĞƐƚƌŝĂŶƐĂŶĚŵŽƚŽƌŝƐƚƐƚŽƐĞĞ͖ • /ŵƉƌŽǀĞĚŝŶŐƌĞƐƐĂŶĚĞŐƌĞƐƐƚŽƉƌŽƉĞƌƚLJ͖
• ZĞĚƵĐĞĚǀĂŶĚĂůŝƐŵĂŶĚŽƚŚĞƌĐƌŝŵŝŶĂůĂĐƚƐĂŶĚĚĂŵĂŐĞƚŽŝŵƉƌŽǀĞŵĞŶƚƐŽƌƉƌŽƉĞƌƚLJ͖ • /ŵƉƌŽǀĞĚƚƌĂĨĨŝĐĐŝƌĐƵůĂƚŝŽŶĂŶĚƌĞĚƵĐĞĚŶŝŐŚƚƚŝŵĞĂĐĐŝĚĞŶƚƐĂŶĚƉĞƌƐŽŶĂůƉƌŽƉĞƌƚLJůŽƐƐ͖ • /ŶĐƌĞĂƐĞĚƉƌŽŵŽƚŝŽŶŽĨďƵƐŝŶĞƐƐĚƵƌŝŶŐŶŝŐŚƚƚŝŵĞŚŽƵƌƐŝŶƚŚĞĐĂƐĞŽĨĐŽŵŵĞƌĐŝĂůƉƌŽƉĞƌƚŝĞƐ͘ ƐƐĞƐƐŵĞŶƚDĞƚŚŽĚŽůŽŐLJ
ĂĐŚƉĂƌĐĞůŝŶƚŚĞŝƐƚƌŝĐƚŝƐĂƐƐŝŐŶĞĚĂǁĞŝŐŚƚŝŶŐĨĂĐƚŽƌŬŶŽǁŶĂƐĂŶ ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚ;
hͿƚŽŝĚĞŶƚŝĨLJ
ƚŚĞƉĂƌĐĞů͛ƐƉƌŽƉŽƌƚŝŽŶĂƚĞƐƉĞĐŝĂůďĞŶĞĨŝƚĨƌŽŵƐƉĞĐŝĨŝĐŝŵƉƌŽǀĞŵĞŶƚƐ͘ ĂĐŚƉĂƌĐĞů͛Ɛ
hŝƐĐĂůĐƵůĂƚĞĚďĂƐĞĚŽŶ
ƚŚĞƉĂƌĐĞů͛ƐůĂŶĚƵƐĞ͕ĚĞǀĞůŽƉŵĞŶƚƐƚĂƚƵƐĂŶĚͬŽƌƐŝnjĞĂƐĐŽŵƉĂƌĞĚƚŽŽƚŚĞƌƉĂƌĐĞůƐƚŚĂƚĂƌĞĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞ ŝŵƉƌŽǀĞŵĞŶƚƐ͘ ƚLJƉŝĐĂůƐŝŶŐůĞ ĨĂŵŝůLJ ƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚLJŝƐĂƐƐŝŐŶĞĚĂŶ hŽĨϭ͘ϬϬ͕ĂŶĚĂůůŽƚŚĞƌƉƌŽƉĞƌƚLJ
ƚLJƉĞƐĂƌĞĂƐƐŝŐŶĞĚĂŶ
hƉƌŽƉŽƌƚŝŽŶĂƚĞƚŽƚŚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐƚŚĞLJƌĞĐĞŝǀĞĂƐĐŽŵƉĂƌĞĚƚŽƚŚŝƐƐŝŶŐůĞͲĨĂŵŝůLJ ƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚLJ͘dŚĞƚŽƚĂů
hŝŶĂŽŶĞŝƐĚŝǀŝĚĞĚŝŶƚŽƚŚĞƚŽƚĂůĂŵŽƵŶƚƚŽďĞĂƐƐĞƐƐĞĚ;ĂůĂŶĐĞƚŽ>ĞǀLJͿƚŽ ĞƐƚĂďůŝƐŚƚŚĞ>ĞǀLJƉĞƌ
h;ƐƐĞƐƐŵĞŶƚZĂƚĞͿ͘dŚŝƐĂƐƐĞƐƐŵĞŶƚƌĂƚĞŝƐƚŚĞŶŵƵůƚŝƉůŝĞĚďLJƚŚĞƉĂƌĐĞů͛ƐŝŶĚŝǀŝĚƵĂů
hƚŽĞƐƚĂďůŝƐŚƚŚĞƉĂƌĐĞů͛ƐůĞǀLJĂŵŽƵŶƚ͘
dŚĞĨŽƌŵƵůĂƐĨŽƌƚŚĞŵĞƚŚŽĚŽĨĂƉƉŽƌƚŝŽŶŵĞŶƚĂƌĞĂƐĨŽůůŽǁƐ͗ dŽƚĂůĂůĂŶĐĞƚŽ>ĞǀLJŝŶŽŶĞͬdŽƚĂů
hŝŶŽŶĞс>ĞǀLJƉĞƌ
h;ZĂƚĞͿĨŽƌŽŶĞ
>ĞǀLJƉĞƌ
h;ZĂƚĞͿdžWĂƌĐĞů͛ƐĂůĐƵůĂƚĞĚ
hсWĂƌĐĞů͛Ɛ>ĞǀLJŵŽƵŶƚĨŽƌŽŶĞ
>ĂŶĚhƐĞůĂƐƐŝĨŝĐĂƚŝŽŶƐ
ǀĞƌLJ ƉĂƌĐĞů ǁŝƚŚŝŶ ƚŚĞ ŝƐƚƌŝĐƚ ŝƐ ĂƐƐŝŐŶĞĚ Ă ůĂŶĚ ƵƐĞ ĐůĂƐƐŝĨŝĐĂƚŝŽŶ ďĂƐĞĚ ŽŶ ĂǀĂŝůĂďůĞ ƉĂƌĐĞů ŝŶĨŽƌŵĂƚŝŽŶ ŽďƚĂŝŶĞĚ ĨƌŽŵ ƚŚĞ ŽƵŶƚLJ ƐƐĞƐƐŽƌ͛Ɛ KĨĨŝĐĞ ĂŶĚ ŝƚLJ ƌĞĐŽƌĚƐ͘ /ƚ ŚĂƐ ďĞĞŶ ĚĞƚĞƌŵŝŶĞĚ ƚŚĂƚ Ă ƉĂƌĐĞů ƐŝnjĞ͕ ĚĞǀĞůŽƉŵĞŶƚ Žƌ ĚĞǀĞůŽƉŵĞŶƚ ƉŽƚĞŶƚŝĂů ;ƉůĂŶŶĞĚ ĚĞǀĞůŽƉŵĞŶƚͿ ĂŶĚ Ă ƉƌŝŵĂƌLJ ůĂŶĚ ƵƐĞ ĐůĂƐƐŝĨŝĐĂƚŝŽŶ ;ŝ͘Ğ͕͘ ZĞƐŝĚĞŶƚŝĂůǀĞƌƐƵƐEŽŶͲZĞƐŝĚĞŶƚŝĂůŽƌsĂĐĂŶƚǀĞƌƐƵƐĞǀĞůŽƉĞĚͿĂƌĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞĨĂĐƚŽƌƐŶĞĐĞƐƐĂƌLJƚŽŝĚĞŶƚŝĨLJ ĂŶĚĐĂůĐƵůĂƚĞ ƚŚĞƉƌŽƉŽƌƚŝŽŶĂů ƐƉĞĐŝĂůďĞŶĞĨŝƚƐĐŽŶǀĞLJĞĚ ƚŽĞĂĐŚƉƌŽƉĞƌƚLJǁŝƚŚŝŶ ƚŚĞŝƐƚƌŝĐƚ ĨŽƌ ƚŚĞĐŽƐƚŽĨ ŝŵƉƌŽǀĞŵĞŶƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĂƚƉƌŽƉĞƌƚLJ͘WĂƌĐĞůƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞŝƐƚƌŝĐƚŝŵƉƌŽǀĞŵĞŶƚƐĂƌĞĂƐƐŝŐŶĞĚ ŽŶĞŽĨƚŚĞĨŽůůŽǁŝŶŐůĂŶĚƵƐĞĐůĂƐƐŝĨŝĐĂƚŝŽŶƐ͗
ZĞƐŝĚĞŶƚŝĂůWĂƌĐĞůƐͶdŚŝƐĐůĂƐƐŝĨŝĐĂƚŝŽŶŵĂLJŝŶĐůƵĚĞ͕ďƵƚŝƐŶŽƚůŝŵŝƚĞĚƚŽ͗ĂůůƐƵďĚŝǀŝĚĞĚƌĞƐŝĚĞŶƚŝĂůƚƌĂĐƚůŽƚƐ ;ǁŝƚŚ Žƌ ǁŝƚŚŽƵƚ ƐƚƌƵĐƚƵƌĞƐͿ͖ ŵƵůƚŝƉůĞͲĨĂŵŝůLJ ƌĞƐŝĚĞŶƚŝĂů ƉƌŽƉĞƌƚŝĞƐ ŝŶĐůƵĚŝŶŐ ĂƉĂƌƚŵĞŶƚƐ ĂŶĚ ŵŽďŝůĞͲŚŽŵĞ ƉĂƌŬƐ͖ ĐŽŶĚŽŵŝŶŝƵŵƐ͖ ƌƵƌĂůͬĞƐƚĂƚĞ ƌĞƐŝĚĞŶƚŝĂů ƉƌŽƉĞƌƚŝĞƐ ĂŶĚ ĂŶLJ ŽƚŚĞƌ ƉƌŽƉĞƌƚLJ ŝĚĞŶƚŝĨŝĞĚ ĂƐ Ă ƐƵďĚŝǀŝĚĞĚ ƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚLJ͘ĞĐĂƵƐĞůĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐĂƌĞƵƐƵĂůůLJůŽĐĂƚĞĚ ŽŶ ƚŚĞ ƉĞƌŝŵĞƚĞƌ ŽĨ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ Žƌ ƌĞƐŝĚĞŶƚŝĂů ƐƵďĚŝǀŝƐŝŽŶ͕ ůĂŶĚƐĐĂƉĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ĂƌĞ ƚLJƉŝĐĂůůLJ ĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞĞŶƚŝƌĞĚĞǀĞůŽƉŵĞŶƚĂŶĚƉƌŽǀŝĚĞƐƵďƐƚĂŶƚŝĂůůLJƐŝŵŝůĂƌĂŶĚĞƋƵĂůďĞŶĞĨŝƚƐƚŽĞĂĐŚƌĞƐŝĚĞŶƚŝĂů ƵŶŝƚ͘dŚĞƌĞĨŽƌĞ͕ĂůůƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐĂƌĞĂƐƐŝŐŶĞĚϭ͘ϬϬ hƉĞƌƵŶŝƚĨŽƌƚŚĞŝƌƉƌŽƉŽƌƚŝŽŶĂůĂůůŽĐĂƚŝŽŶŽĨƚŚĞ
ůĂŶĚƐĐĂƉĞ ŝŵƉƌŽǀĞŵĞŶƚ ĐŽƐƚƐ ǁŚĞƚŚĞƌ Ă ƌĞƐŝĚĞŶƚŝĂů ƵŶŝƚ ŚĂƐ ďĞĞŶ ĐŽŶƐƚƌƵĐƚĞĚ Žƌ ŵĞƌĞůLJ ĂƉƉƌŽǀĞĚ ĨŽƌ ĚĞǀĞůŽƉŵĞŶƚ͘
^ŝŵŝůĂƌůLJ͕ ĨŽƌ Ă ƚLJƉŝĐĂů ƌĞƐŝĚĞŶƚŝĂů ƚƌĂĐƚ ĚĞǀĞůŽƉŵĞŶƚ ǁŝƚŚ ƉƵďůŝĐ ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ ǁŝƚŚŝŶ ĂŶĚ ĂĚũĂĐĞŶƚ ƚŽ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ͕ƚŚĞďĞŶĞĨŝƚƚŽĞĂĐŚƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚLJŝƐƌĞĂƐŽŶĂďůLJĞƋƵĂůĂŶĚĞĂĐŚƌĞƐŝĚĞŶƚŝĂůƉĂƌĐĞůŝƐĂƐƐŝŐŶĞĚ ϭ͘ϬϬ
h͘,ŽǁĞǀĞƌ͕ŵŽƐƚŽƚŚĞƌƌĞƐŝĚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚƐŝŶĐůƵĚŝŶŐƌƵƌĂůƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐ͕ĐŽŶĚŽŵŝŶŝƵŵ ĚĞǀĞůŽƉŵĞŶƚƐ͕ ĂƉĂƌƚŵĞŶƚƐ͕ Žƌ ƌĞƐŝĚĞŶƚŝĂů ĚĞǀĞůŽƉŵĞŶƚƐ ŽŶ ƉƌŝǀĂƚĞ ƐƚƌĞĞƚƐ͕ ƚŚĞ ŝƐƚƌŝĐƚ ŵĂŝŶƚĂŝŶĞĚ ƐƚƌĞĞƚ Item No.8B
Ϯ͘DĞƚŚŽĚŽĨƐƐĞƐƐŵĞŶƚƉƉŽƌƚŝŽŶŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϭϵ
ůŝŐŚƚŝŶŐŝƐƵƐƵĂůůLJůŝŵŝƚĞĚƚŽƉĞƌŝŵĞƚĞƌůŝŐŚƚŝŶŐĂĚũĂĐĞŶƚƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚŽƌƚŚĞůŽĐĂůƉƵďůŝĐƐƚƌĞĞƚƐƵƐĞĚƚŽ ĂĐĐĞƐƐƚŚĞƉƌŽƉĞƌƚŝĞƐ͘ƵĞƚŽƚŚĞƌĞĚƵĐĞĚŶƵŵďĞƌŽĨƐƚƌĞĞƚůŝŐŚƚƐďĞŶĞĨŝƚŝŶŐƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐĂŶĚƚŚĞŝƌƉƌŽdžŝŵŝƚLJ ƚŽŝƐƚƌŝĐƚƉƌŽǀŝĚĞĚƐƚƌĞĞƚůŝŐŚƚƐ͕ƚŚĞƐĞƌĞƐŝĚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚƐĂƌĞĂƐƐŝŐŶĞĚϬ͘Ϯϱ hƉĞƌƵŶŝƚ;ƉƌŽǀŝĚĞĚůŽĐĂů
ƐƚƌĞĞƚůŝŐŚƚŝŶŐĞdžŝƐƚƐŶĞĂƌƚŚĞĚĞǀĞůŽƉŵĞŶƚͿ͘/ŶƚŚŽƐĞĐĂƐĞƐǁŚĞƌĞŶŽůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐŝƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞ ƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚLJ͕;ĂƐŝƐƚŚĞĐĂƐĞǁŝƚŚŵĂŶLJƌƵƌĂůƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐͿƚŚĞƉĂƌĐĞůŝƐŶŽƚĂƐƐĞƐƐĞĚĨŽƌƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ͘
ĞǀĞůŽƉĞĚ EŽŶͲZĞƐŝĚĞŶƚŝĂů Ͷ dŚŝƐ ĐůĂƐƐŝĨŝĐĂƚŝŽŶ ƚLJƉŝĐĂůůLJ ŝŶĐůƵĚĞƐ Ăůů ĚĞǀĞůŽƉĞĚ ƉƌŽƉĞƌƚŝĞƐ ƚŚĂƚ ĂƌĞ ŶŽƚ ŝĚĞŶƚŝĨŝĞĚ ĂƐ ƌĞƐŝĚĞŶƚŝĂů ƉƌŽƉĞƌƚŝĞƐ ĂŶĚ ŝŶĐůƵĚĞƐ ďŽƚŚ ƉƵďůŝĐůLJ ŽǁŶĞĚ ;ŶŽŶͲƚĂdžĂďůĞͿ ĂŶĚ ƉƌŝǀĂƚĞůLJ ŽǁŶĞĚ ƉƌŽƉĞƌƚŝĞƐ͘ƉƌŽƉĞƌƚLJŝƐĐŽŶƐŝĚĞƌĞĚĚĞǀĞůŽƉĞĚ͕ŝĨƚŚĞŽƵŶƚLJƐƐĞƐƐŽƌ͛ƐKĨĨŝĐĞŚĂƐŝĚĞŶƚŝĨŝĞĚƚŚĞƉƌŽƉĞƌƚLJǁŝƚŚ ĂƐƚƌƵĐƚƵƌĞ;ĂƐƐĞƐƐĞĚƐƚƌƵĐƚƵƌĂůǀĂůƵĞͿŽƌĂƐƚƌƵĐƚƵƌĞŝƐŬŶŽǁŶƚŽĞdžŝƐƚŽŶƚŚĞƉƌŽƉĞƌƚLJ͘dŚŝƐĐůĂƐƐŝĨŝĐĂƚŝŽŶŵĂLJ ŝŶĐůƵĚĞ͕ďƵƚŝƐŶŽƚůŝŵŝƚĞĚƚŽĂůůƚLJƉĞƐŽĨĐŽŵŵĞƌĐŝĂůŽƌŝŶĚƵƐƚƌŝĂůĚĞǀĞůŽƉŵĞŶƚƐ͕ĐŚƵƌĐŚĞƐŽƌĨĂĐŝůŝƚŝĞƐƵƚŝůŝnjĞĚďLJ ŽƚŚĞƌ ŶŽŶͲƉƌŽĨŝƚŽƌŐĂŶŝnjĂƚŝŽŶƐ͕ ƉƌŝǀĂƚĞůLJŽǁŶĞĚ ƌĞĐƌĞĂƚŝŽŶĂů ĨĂĐŝůŝƚŝĞƐ͕ ŚŽƚĞůƐ͕ ƐĐŚŽŽůƐŽƌŐŽǀĞƌŶŵĞŶƚ ŽǁŶĞĚ ŽĨĨŝĐĞƐĂŶĚĨĂĐŝůŝƚŝĞƐ͘
dŽ ĞƐƚĂďůŝƐŚ Ă ƉƌŽƉŽƌƚŝŽŶĂƚĞ ƐƉĞĐŝĂů ďĞŶĞĨŝƚ ĐĂůĐƵůĂƚŝŽŶ ; hͿ ĨŽƌ ĚĞǀĞůŽƉĞĚ ŶŽŶͲƌĞƐŝĚĞŶƚŝĂů ƉƌŽƉĞƌƚŝĞƐ͕ Ă
ĐŽƌƌĞůĂƚŝŽŶ ďĞƚǁĞĞŶ ƌĞƐŝĚĞŶƚŝĂů ĚĞǀĞůŽƉŵĞŶƚƐ ĂŶĚ ŶŽŶͲƌĞƐŝĚĞŶƚŝĂů ĚĞǀĞůŽƉŵĞŶƚƐ ŚĂƐ ďĞĞŶ ĞƐƚĂďůŝƐŚĞĚ͘ ůƚŚŽƵŐŚ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ĨŽŽƚƉƌŝŶƚ ƉĞƌ ĂĐƌĞ ĨŽƌ ŶŽŶͲƌĞƐŝĚĞŶƚŝĂů ƉƌŽƉĞƌƚŝĞƐ ŝƐ ƚLJƉŝĐĂůůLJ ŐƌĞĂƚĞƌ ƚŚĂŶ ƚŚĂƚ ŽĨ ƌĞƐŝĚĞŶƚŝĂů ƉƌŽƉĞƌƚŝĞƐ Ă ƌĞĂƐŽŶĂďůĞ ĞƐƚŝŵĂƚĞ ŽĨ ƚŚĞ ĚŝƌĞĐƚ ĂŶĚƐƉĞĐŝĂů ďĞŶĞĨŝƚƐ ĐŽŶǀĞLJĞĚ ƚŽ ĚĞǀĞůŽƉĞĚ ŶŽŶͲ ƌĞƐŝĚĞŶƚŝĂů ƉƌŽƉĞƌƚŝĞƐ ǁŽƵůĚ ďĞ Ă ƐŝŵŝůĂƌ ĂŶĚ ĞƋƵĂů ďĞŶĞĨŝƚ ĐŽŶǀĞLJĞĚ ƚŽ ƚŚĞ ƉƌŽƉĞƌƚŝĞƐ ŝĨ ƚŚĞLJ ŚĂĚ ďĞĞŶ ĚĞǀĞůŽƉĞĚĂƐƌĞƐŝĚĞŶƚŝĂů͘tŝƚŚŝŶƚŚĞŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ͕ƌĞƐŝĚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚƐLJŝĞůĚĂƉƉƌŽdžŝŵĂƚĞůLJϯ͘ϲϬ ďĞŶĞĨŝƚƵŶŝƚƐƉĞƌĂĐƌĞŽŶĂǀĞƌĂŐĞ͘dŚĞƌĞĨŽƌĞ͕ĚĞǀĞůŽƉĞĚŶŽŶͲƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐĂƌĞĂƐƐŝŐŶĞĚϯ͘ϲϬ hƉĞƌ
ĂĐƌĞĨŽƌůĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐ͕ďƵƚĂŵŝŶŝŵƵŵŽĨϭ͘ϬϬ hƉĞƌƉĂƌĐĞů;ƉĂƌĐĞůƐůĞƐƐƚŚĂŶϬ͘ϮϴĂĐƌĞƐͿ͘&ŽƌƐƚƌĞĞƚ ůŝŐŚƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐ͕ĚĞǀĞůŽƉĞĚŶŽŶͲƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐƚLJƉŝĐĂůůLJĂƵŐŵĞŶƚůŝŐŚƚŝŶŐŝŶƚŚĞƐƵƌƌŽƵŶĚŝŶŐĂƌĞĂ ǁŝƚŚƚŚĞŝƌŽǁŶůŝŐŚƚŝŶŐĨĂĐŝůŝƚŝĞƐ;ŝ͘Ğ͘ƉĂƌŬŝŶŐůŽƚůŝŐŚƚƐŽƌƐĞĐƵƌŝƚLJůŝŐŚƚƐͿĂŶĚƚŚĞŝƌďĞŶĞĨŝƚĨƌŽŵůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐ ĐůŽƐĞůLJ ƌĞƐĞŵďůĞ ƌĞƐŝĚĞŶƚŝĂů ĚĞǀĞůŽƉŵĞŶƚƐ ƚŚĂƚ ƉƌŽǀŝĚĞ ƚŚĞŝƌ ŽǁŶ ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ ƐƵĐŚ ĂƐ ĐŽŶĚŽŵŝŶŝƵŵƉƌŽũĞĐƚƐŽƌĂƉĂƌƚŵĞŶƚƐ͘dŚĞƌĞĨŽƌĞ͕ĚĞǀĞůŽƉĞĚŶŽŶͲƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐĂƌĞĂƐƐŝŐŶĞĚϭ͘ϬϬ h
ƉĞƌĂĐƌĞĨŽƌƐƚƌĞĞƚůŝŐŚƚŝŶŐ͕ďƵƚĂŵŝŶŝŵƵŵŽĨϬ͘Ϯϱ
hƉĞƌƉĂƌĐĞů;ƉĂƌĐĞůƐůĞƐƐƚŚĂŶϬ͘ϮϱĂĐƌĞƐͿ͘
WůĂŶŶĞĚZĞƐŝĚĞŶƚŝĂůĞǀĞůŽƉŵĞŶƚƐͶdŚŝƐĐůĂƐƐŝĨŝĐĂƚŝŽŶŝĚĞŶƚŝĨŝĞƐƉƌŽƉĞƌƚŝĞƐƚŚĂƚĂƌĞĐƵƌƌĞŶƚůLJǀĂĐĂŶƚůĂŶĚĂŶĚ ŶŽƚĨƵůůLJƐƵďĚŝǀŝĚĞĚ͕ďƵƚŚĂǀĞĂŶĂƉƉƌŽǀĞĚƐƉĞĐŝĨŝĐͲƉůĂŶ͕ƚƌĂĐƚŵĂƉŽƌƚĞŶƚĂƚŝǀĞƚƌĂĐƚŵĂƉǁŚĞƌĞƚŚĞŶƵŵďĞƌŽĨ ƉƌŽƉŽƐĞĚƌĞƐŝĚĞŶƚŝĂůďĞŶĞĨŝƚƵŶŝƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞƉƌŽƉĞƌƚLJĐĂŶďĞƋƵĂŶƚŝĨŝĞĚ͘dLJƉŝĐĂůůLJƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐĂƌĞ ĂĐƚŝǀĞůLJďĞŝŶŐĚĞǀĞůŽƉĞĚĂŶĚǁŝůůďĞĨƵůůLJƐƵďĚŝǀŝĚĞĚŝŶƚŽƚŚĞƉƌŽƉŽƐĞĚŶƵŵďĞƌŽĨƌĞƐŝĚĞŶƚŝĂůůŽƚƐŝŶƚŚĞŶĞĂƌ ĨƵƚƵƌĞ͘/ƚ ŚĂƐ ďĞĞŶ ĚĞƚĞƌŵŝŶĞĚ ƚŚĂƚ ƚŚĞ ƉƌŽƉŽƌƚŝŽŶĂů ƐƉĞĐŝĂů ďĞŶĞĨŝƚ ƚŚĞƐĞ ƉĂƌĐĞůƐ ƌĞĐĞŝǀĞ ĨƌŽŵ ůĂŶĚƐĐĂƉŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐ ŝƐ ƐŝŵŝůĂƌ ƚŽ ĨƵůůLJ ƐƵďĚŝǀŝĚĞĚ ƌĞƐŝĚĞŶƚŝĂů ƉƌŽƉĞƌƚŝĞƐ ĂŶĚ ĂƌĞ ĂƐƐŝŐŶĞĚ ĂŶ h ƚŚĂƚ ƌĞĨůĞĐƚƐ ƚŚĞ
ƉůĂŶŶĞĚŶƵŵďĞƌŽĨďĞŶĞĨŝƚƵŶŝƚƐ͘ĞĐĂƵƐĞƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐŚĂǀĞŶŽƚďĞĞŶƐƵďĚŝǀŝĚĞĚĂŶĚůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐ ŝŵƉƌŽǀĞŵĞŶƚƐƚLJƉŝĐĂůůLJŚĂǀĞŶŽƚďĞĞŶĐŽŵƉůĞƚĞĚ͕ƚŚŝƐƚLJƉĞŽĨƉƌŽƉĞƌƚLJŝƐĂƐƐĞƐƐĞĚĂƐĂƐŝŶŐůĞƌĞƐŝĚĞŶƚŝĂůůŽƚĨŽƌ ůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐƵŶƚŝůƚŚĞƉƌŽƉĞƌƚLJŝƐĂĐƚƵĂůůLJƐƵďĚŝǀŝĚĞĚŽƌůŝŐŚƚŝŶŐĨĂĐŝůŝƚŝĞƐĂƌĞĐŽŶƐƚƌƵĐƚĞĚ͘ ,ŽǁĞǀĞƌ͕ŝĨ ƚŚĞƉƌŽƉĞƌƚLJŝƐďĞŝŶŐďĂůůŽƚĞĚ ĨŽƌĂŶĞǁŽƌŝŶĐƌĞĂƐĞĚĂƐƐĞƐƐŵĞŶƚ ƚŚĞƉƌŽƉŽƐĞĚŵĂdžŝŵƵŵƐƚƌĞĞƚ ůŝŐŚƚŝŶŐĂƐƐĞƐƐŵĞŶƚĂŵŽƵŶƚƉƌĞƐĞŶƚĞĚƚŽƚŚĞƉƌŽƉĞƌƚLJŽǁŶĞƌĨŽƌĂƉƉƌŽǀĂůƐŚĂůůďĞďĂƐĞĚŽŶĂǁĞŝŐŚƚĞĚďĞŶĞĨŝƚ ƚŚĂƚƌĞĨůĞĐƚƐƚŚĞƉůĂŶŶĞĚŶƵŵďĞƌŽĨďĞŶĞĨŝƚƵŶŝƚƐ͘
WůĂŶŶĞĚ EŽŶͲZĞƐŝĚĞŶƚŝĂůĞǀĞůŽƉŵĞŶƚƐͶ dŚŝƐ ĐůĂƐƐŝĨŝĐĂƚŝŽŶ ŝĚĞŶƚŝĨŝĞƐ ƉƌŽƉĞƌƚŝĞƐ ƚŚĂƚ ĂƌĞ ĐƵƌƌĞŶƚůLJ ǀĂĐĂŶƚ ůĂŶĚ͕ďƵƚŚĂǀĞĂŶĂƉƉƌŽǀĞĚƐƉĞĐŝĨŝĐͲƉůĂŶ͕ĚĞǀĞůŽƉŵĞŶƚƉůĂŶ͕ƉĂƌĐĞůŵĂƉŽƌƚĞŶƚĂƚŝǀĞŵĂƉƚŚĂƚĐůĞĂƌůLJĚĞĨŝŶĞƐ ƚŚĞƉƌŽƉŽƐĞĚ ƐƵďĚŝǀŝƐŝŽŶĂŶĚĚĞǀĞůŽƉŵĞŶƚŽĨ ƚŚĞƉƌŽƉĞƌƚLJǁŚĞƌĞƚŚĞŶĞƚͲĂĐƌĞĂŐĞ ƚŽďĞĚĞǀĞůŽƉĞĚĂƐŶŽŶͲ ƌĞƐŝĚĞŶƚŝĂů ;ĞdžĐůƵĚŝŶŐĞĂƐĞŵĞŶƚƐŽƌŽƉĞŶ ƐƉĂĐĞĂƌĞĂƐͿŝƐ ƋƵĂŶƚŝĨŝĂďůĞ͘dLJƉŝĐĂůůLJ ƚŚĞƐĞ ƉƌŽƉĞƌƚŝĞƐĂƌĞĂĐƚŝǀĞůLJ ďĞŝŶŐĚĞǀĞůŽƉĞĚĂŶĚƚŚĞƉƌŽƉĞƌƚLJŚĂƐďĞĞŶĨƵůůLJƐƵďĚŝǀŝĚĞĚŽƌǁŝůůďĞĐŽŵƉůĞƚĞůLJƐƵďĚŝǀŝĚĞĚŝŶƚŚĞŶĞĂƌĨƵƚƵƌĞ͘ /ƚ ŚĂƐ ďĞĞŶ ĚĞƚĞƌŵŝŶĞĚ ƚŚĂƚ ƚŚĞ ƉƌŽƉŽƌƚŝŽŶĂƚĞ ƐƉĞĐŝĂů ďĞŶĞĨŝƚ ƚŚŝƐ ƚLJƉĞ ŽĨ ƉƌŽƉĞƌƚLJ ƌĞĐĞŝǀĞƐ ĨƌŽŵ ůŽĐĂů ůĂŶĚƐĐĂƉŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐŝƐƐŝŵŝůĂƌƚŽŽƚŚĞƌĨƵůůLJƐƵďĚŝǀŝĚĞĚĚĞǀĞůŽƉĞĚŶŽŶͲƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐĂŶĚƐŚĂůůďĞ ĂƐƐŝŐŶĞĚϯ͘ϲϬ
hƉĞƌĂĐƌĞ;ďĂƐĞĚŽŶŶĞƚĂĐƌĞĂŐĞƚŽďĞĚĞǀĞůŽƉĞĚͿ͕ĞůŝŵŝŶĂƚŝŶŐĂŶLJĂĐƌĞĂŐĞŝĚĞŶƚŝĨŝĞĚĂƐƐƚƌĞĞƚƐ͕ Item No.8B
Ϯ͘DĞƚŚŽĚŽĨƐƐĞƐƐŵĞŶƚƉƉŽƌƚŝŽŶŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϮϬ
ŽƉĞŶƐƉĂĐĞŽƌĞĂƐĞŵĞŶƚƐ͘KŶƚŚĞŽƚŚĞƌŚĂŶĚ͕ďĞĐĂƵƐĞƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐŚĂǀĞŶŽƚďĞĞŶ ĨƵůůLJĚĞǀĞůŽƉĞĚ͕ƚŚĞLJ ĐůĞĂƌůLJŚĂǀĞůĞƐƐďĞŶĞĨŝƚĨƌŽŵůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐƚŚĂŶĂĨƵůůLJĚĞǀĞůŽƉĞĚƉƌŽƉĞƌƚLJĂŶĚƚŚĞƌĞĨŽƌĞƐŚĂůůďĞĂƐƐĞƐƐĞĚ ϭ͘Ϭ
hƉĞƌƉĂƌĐĞůƌĞŐĂƌĚůĞƐƐŽĨƚŚĞƉĂƌĐĞů͛ƐĂĐƌĞĂŐĞ͘,ŽǁĞǀĞƌ͕ĨŽƌƚŚĞƉƵƌƉŽƐĞƐŽĨďĂůůŽƚŝŶŐ͕ƚŚĞĂƐƐĞƐƐŵĞŶƚ ƉƌĞƐĞŶƚĞĚƚŽƚŚĞƉƌŽƉĞƌƚLJŽǁŶĞƌ ĨŽƌĂƉƉƌŽǀĂůƐŚĂůůďĞďĂƐĞĚŽŶƚŚĞƉĂƌĐĞůƐĚĞǀĞůŽƉŵĞŶƚĂƚďƵŝůĚͲŽƵƚ͘;&ƵůůLJ ĚĞǀĞůŽƉĞĚŶŽŶͲƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚLJĂƚϭ͘Ϭ
hƉĞƌĂĐƌĞͿ͘
sĂĐĂŶƚWůĂŶŶĞĚĞǀĞůŽƉŵĞŶƚƐͶdŚŝƐĐůĂƐƐŝĨŝĐĂƚŝŽŶŝĚĞŶƚŝĨŝĞƐƉƌŽƉĞƌƚŝĞƐƚŚĂƚĂƌĞĐƵƌƌĞŶƚůLJƵŶĚĞǀĞůŽƉĞĚ;ǀĂĐĂŶƚ ůĂŶĚͿƚŚĂƚǁŝůůďĞĚĞǀĞůŽƉĞĚŝŶǁŚŽůĞŽƌŝŶƉĂƌƚ͕ďƵƚĂƐƉĞĐŝĨŝĐĚĞǀĞůŽƉŵĞŶƚƉůĂŶŚĂƐŶŽƚďĞĞŶĚĞƚĞƌŵŝŶĞĚŽƌ ĨŝŶĂůŝnjĞĚ ;ƐƉĞĐŝĨŝĐͲƉůĂŶ͕ƉƌŽũĞĐƚƉůĂŶ͕ƚƌĂĐƚŵĂƉŽƌƚĞŶƚĂƚŝǀĞƚƌĂĐƚŵĂƉŚĂƐĞŝƚŚĞƌŶŽƚďĞĞŶĂƉƉƌŽǀĞĚŽƌƚŚĞ ĂĐƚƵĂů ŶƵŵďĞƌ ŽĨ ƌĞƐŝĚĞŶƚŝĂů ƵŶŝƚƐ ĂŶĚͬŽƌ ŶŽŶƌĞƐŝĚĞŶƚŝĂů ĂĐƌĞƐ ƚŽ ďĞ ĚĞǀĞůŽƉĞĚ ŚĂƐ ŶŽƚ ďĞĞŶ ƋƵĂŶƚŝĨŝĞĚͿ͘ dLJƉŝĐĂůůLJ͕ ƚŚĞƐĞ ƉƌŽƉĞƌƚŝĞƐĂƌĞ ŶŽƚ ďĞŝŶŐĂĐƚŝǀĞůLJ ĚĞǀĞůŽƉĞĚ͕ ďƵƚŵĂLJ ďĞ ƉĂƌƚŽĨĂůĂƌŐĞƌ ƌĞƐŝĚĞŶƚŝĂůŽƌ ŶŽŶͲ ƌĞƐŝĚĞŶƚŝĂů ĚĞǀĞůŽƉŵĞŶƚ ĂƌĞĂ͘ dŽ ƌĞĨůĞĐƚ ďŽƚŚ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ƐƚĂƚƵƐ ŽĨ ƚŚĞƐĞ ƉƌŽƉĞƌƚŝĞƐ ĂŶĚ ŽǀĞƌĂůů ĚĞǀĞůŽƉŵĞŶƚƉŽƚĞŶƚŝĂů;ĐŽŶƐŝĚĞƌŝŶŐƉŽƐƐŝďůĞƐƚƌĞĞƚƐ͕ĞĂƐĞŵĞŶƚƐŽƌŽƉĞŶƐƉĂĐĞͿ͕ƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐĂƌĞĂƐƐŝŐŶĞĚ ϭ͘Ϯϲ
hƉĞƌĂĐƌĞ;ŐƌŽƐƐĂĐƌĞĂŐĞͿĨŽƌůĂŶĚƐĐĂƉĞŝŵƉƌŽǀĞŵĞŶƚƐĂŶĚϭ͘ϬϬ hƉĞƌƉĂƌĐĞůĨŽƌůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐ
;ŝĨƚŚĞLJĚĞƌŝǀĞďĞŶĞĨŝƚĨŽƌĞdžŝƐƚŝŶŐůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐͿ͘ sĂĐĂŶƚhŶĚĞĨŝŶĞĚĞǀĞůŽƉŵĞŶƚͶdŚŝƐĐůĂƐƐŝĨŝĐĂƚŝŽŶŝĚĞŶƚŝĨŝĞƐƉƌŽƉĞƌƚŝĞƐƚŚĂƚĂƌĞĐƵƌƌĞŶƚůLJǀĂĐĂŶƚůĂŶĚĂŶĚ ƚŚĞƌĞĂƌĞŶŽĐƵƌƌĞŶƚĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌƚŚĞƉƌŽƉĞƌƚLJ͘dŚŝƐĐůĂƐƐŝĨŝĐĂƚŝŽŶŝŶĐůƵĚĞƐƉƌŽƉĞƌƚŝĞƐnjŽŶĞĚĨŽƌĞŝƚŚĞƌ ƌĞƐŝĚĞŶƚŝĂůƵƐĞŽƌŶŽŶͲƌĞƐŝĚĞŶƚŝĂůƵƐĞĂŶĚŵĂLJŝŶĐůƵĚĞĞŝƚŚĞƌƉƵďůŝĐůLJŽǁŶĞĚ;ŶŽŶƚĂdžĂďůĞͿŽƌƉƌŝǀĂƚĞůLJŽǁŶĞĚ ƉƌŽƉĞƌƚŝĞƐ͘ůƚŚŽƵŐŚƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐŵĂLJďĞƉŚLJƐŝĐĂůůLJůŽĐĂƚĞĚǁŝƚŚŝŶƚŚĞďŽƵŶĚĂƌŝĞƐŽĨĂďĞŶĞĨŝƚnjŽŶĞ͕ŝƚŚĂƐ ďĞĞŶĚĞƚĞƌŵŝŶĞĚƚŚĂƚƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐƌĞĐĞŝǀĞŶŽŵĞĂƐƵƌĂďůĞƐƉĞĐŝĂůďĞŶĞĨŝƚĨƌŽŵƚŚĞĞdžŝƐƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐ ŝŶ ƚŚĞŝƌ ĐƵƌƌĞŶƚ ĚĞǀĞůŽƉŵĞŶƚ ƐƚĂƚƵƐ͘ ,ŽǁĞǀĞƌ͕ ďĞĐĂƵƐĞ ƚŚĞƐĞ ƉƌŽƉĞƌƚŝĞƐ ŚĂǀĞ ďĞĞŶ ŝŶĐůƵĚĞĚ ǁŝƚŚŝŶ Ă ŽŶĞ ďŽƵŶĚĂƌLJŝƚŚĂƐĂůƐŽďĞĞŶĚĞƚĞƌŵŝŶĞĚƚŚĂƚƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐŵĂLJŚĂǀĞĨƵƚƵƌĞŽƌƉŽƚĞŶƚŝĂůƐƉĞĐŝĂůďĞŶĞĨŝƚƐĨƌŽŵ ƚŚĞ ŽŶĞ ŝŵƉƌŽǀĞŵĞŶƚƐ͘ dŚĞƌĞĨŽƌĞ͕ ƚŚĞƐĞ ƉƌŽƉĞƌƚŝĞƐ ĂƌĞ ƐƵďũĞĐƚ ƚŽ ĂŶ ĂƐƐĞƐƐŵĞŶƚ ŝĨ͕ ĂŶĚ ǁŚĞŶ͕ ƚŚĞŝƌ ĚĞǀĞůŽƉŵĞŶƚƐƚĂƚƵƐĂŶĚůĂŶĚƵƐĞĐůĂƐƐŝĨŝĐĂƚŝŽŶĐŚĂŶŐĞƐ͘ůƚŚŽƵŐŚƚŚĞƐĞƉĂƌĐĞůƐĂƌĞŶŽƚĐƵƌƌĞŶƚůLJĂƐƐĞƐƐĞĚ͕ĂŶLJ ĨƵƚƵƌĞĂƐƐĞƐƐŵĞŶƚƌĞƐƵůƚŝŶŐĨƌŽŵĂůĂŶĚƵƐĞĐŚĂŶŐĞǁŽƵůĚŶŽƚďĞĐŽŶƐŝĚĞƌĞĚĂŶĞǁŽƌŝŶĐƌĞĂƐĞĚĂƐƐĞƐƐŵĞŶƚ ĂŶĚǁŽƵůĚŶŽƚƌĞƋƵŝƌĞƉƌŽƉĞƌƚLJŽǁŶĞƌďĂůůŽƚŝŶŐĂŶĚĂƉƉƌŽǀĂů͘
Item No.8B
Ϯ͘DĞƚŚŽĚŽĨƐƐĞƐƐŵĞŶƚƉƉŽƌƚŝŽŶŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ Ϯϭ
džĞŵƉƚͶ
džĞŵƉƚĨƌŽŵŝƐƚƌŝĐƚĂƐƐĞƐƐŵĞŶƚƐĂƌĞƚŚĞĂƌĞĂƐŽĨƉƵďůŝĐƐƚƌĞĞƚƐ͕ƉƌŝǀĂƚĞƐƚƌĞĞƚƐĂŶĚŽƚŚĞƌƌŽĂĚǁĂLJƐ͕ ĚĞĚŝĐĂƚĞĚƉƵďůŝĐĞĂƐĞŵĞŶƚƐ͕ƌŝŐŚƚƐͲŽĨǁĂLJƐŝŶĐůƵĚŝŶŐƉƵďůŝĐŐƌĞĞŶďĞůƚƐĂŶĚƉĂƌŬǁĂLJƐ;ƚLJƉŝĐĂůůLJŶŽƚĂƐƐŝŐŶĞĚĂŶ ƐƐĞƐƐŽƌ͛ƐWĂƌĐĞůEƵŵďĞƌďLJƚŚĞŽƵŶƚLJͿŽƌĂŶLJŽƚŚĞƌƐƵĐŚƉĂƌĐĞůŝŶĐůƵĚŝŶŐŽƉĞŶƐƉĂĐĞĂƌĞĂƐĂŶĚĐŚĂŶŶĞůͲǁĂLJƐ͘ ůƐŽ͕ ĞdžĞŵƉƚĞĚ ĨƌŽŵ ĂƐƐĞƐƐŵĞŶƚ ǁŽƵůĚ ďĞ ƵƚŝůŝƚLJ ƌŝŐŚƚƐͲŽĨͲǁĂLJƐ͕ ĐŽŵŵŽŶ ĂƌĞĂƐ ;ƐƵĐŚ ĂƐ ŝŶ ĐŽŶĚŽŵŝŶŝƵŵ ĐŽŵƉůĞdžĞƐͿ͕ůĂŶĚůŽĐŬĞĚƉĂƌĐĞůƐ͕ƐŵĂůůƉĂƌĐĞůƐǀĂĐĂƚĞĚďLJƚŚĞŽƵŶƚLJ͕ďŝĨƵƌĐĂƚĞĚůŽƚƐ͕ĂŶĚĂŶLJŽƚŚĞƌƉƌŽƉĞƌƚLJ ƚŚĂƚĐĂŶŶŽƚďĞĚĞǀĞůŽƉĞĚŽƌŝƐĂƐŚĂƌĞĚƉŽƐƐĞƐƐŽƌŝŶƚĞƌĞƐƚďLJŽƚŚĞƌƉƌŽƉĞƌƚŝĞƐƚŚĂƚĂƌĞĂƐƐĞƐƐĞĚ͘dŚĞƐĞƚLJƉĞƐŽĨ ƉƌŽƉĞƌƚŝĞƐƌĞĐĞŝǀĞŶŽĚŝƌĞĐƚďĞŶĞĨŝƚĨƌŽŵƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐĂŶĚƌĞĐĞŝǀĞŶŽŵĞĂƐƵƌĂďůĞƐƉĞĐŝĂůďĞŶĞĨŝƚĨƌŽŵƚŚĞ ĐŽŶƚŝŶƵĞĚŽƉĞƌĂƚŝŽŶĂŶĚŵĂŝŶƚĞŶĂŶĐĞŽĨƚŚŽƐĞŝŵƉƌŽǀĞŵĞŶƚƐ͘ WĂƌŬƐ͕ŽƉĞŶƐƉĂĐĞĂƌĞĂƐ͕ƉƵďůŝĐƐĐŚŽŽůƐ͕ŐŽůĨĐŽƵƌƐĞƐŽƌƐŝŵŝůĂƌĨĂĐŝůŝƚŝĞƐďLJŶĂƚƵƌĞŽĨƚŚĞŝƌĚĞǀĞůŽƉŵĞŶƚŽƌƵƐĞ ƐƵďƐƚĂŶƚŝĂůůLJĞŶŚĂŶĐĞƚŚĞůĂŶĚƐĐĂƉŝŶŐĂŵĞŶŝƚŝĞƐǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚĂƐǁĞůůĂƐƉƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚŝĞƐ ĨŽƌƚŚĞƉƵďůŝĐ͘dŚĞƐĞƉƌŽƉĞƌƚŝĞƐĂĚĚƚŽƚŚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐŽĨŽƚŚĞƌƉƌŽƉĞƌƚŝĞƐĂŶĚĂŶLJďĞŶĞĨŝƚƚŚĞƐĞƉĂƌĐĞůƐ ŵŝŐŚƚƌĞĐĞŝǀĞĨƌŽŵĞŝƚŚĞƌůĂŶĚƐĐĂƉŝŶŐŽƌůŝŐŚƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐĂƌĞŵŽƌĞŐĞŶĞƌĂůƚŚĂŶƐƉĞĐŝĂůďĞŶĞĨŝƚƐĂŶĚĂƌĞ ƚŚĞƌĞĨŽƌĞĞdžĞŵƉƚĞĚĨƌŽŵĂƐƐĞƐƐŵĞŶƚ͘
^ƉĞĐŝĂůĂƐĞƐͶ/ŶĂůŵŽƐƚĞǀĞƌLJŝƐƚƌŝĐƚǁŚĞƌĞŵƵůƚŝƉůĞůĂŶĚƵƐĞĐůĂƐƐŝĨŝĐĂƚŝŽŶƐĂƌĞŝŶǀŽůǀĞĚ͕ƚŚĞƌĞŝƐƵƐƵĂůůLJŽŶĞ ŽƌŵŽƌĞƉƌŽƉĞƌƚŝĞƐƚŚĂƚƚŚĞƐƚĂŶĚĂƌĚůĂŶĚƵƐĞĐůĂƐƐŝĨŝĐĂƚŝŽŶƐŽƌƵƐƵĂůĐĂůĐƵůĂƚŝŽŶŽĨďĞŶĞĨŝƚĚŽŶŽƚŽƌĐĂŶŶŽƚ ĂĐĐƵƌĂƚĞůLJŝĚĞŶƚŝĨLJƚŚĞƐƉĞĐŝĂůďĞŶĞĨŝƚƐƚŚĞƉĂƌĐĞůƌĞĐĞŝǀĞƐĨƌŽŵƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐ͘dŚĞƐĞƚLJƉĞƐŽĨƐŝƚƵĂƚŝŽŶƐĂƌĞ ĐŽŶƐŝĚĞƌĞĚƐƉĞĐŝĂůĐĂƐĞƐĂŶĚƚŚĞ
hĐĂůĐƵůĂƚĞĚĨŽƌƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐĂƌĞďĂƐĞĚŽŶĂĐŽŵďŝŶĂƚŝŽŶŽĨƚŚĞƐƚĂŶĚĂƌĚ ůĂŶĚƵƐĞĐůĂƐƐŝĨŝĐĂƚŝŽŶƐ͘&ŽƌĞdžĂŵƉůĞ͕ĂƉĂƌĐĞůŵĂLJďĞƉĂƌƚŽĨĂƉůĂŶŶĞĚĚĞǀĞůŽƉŵĞŶƚ͕ďƵƚƚŚĞƉĂƌĐĞůŝŶĐůƵĚĞƐ ďŽƚŚƉůĂŶŶĞĚŶŽŶͲƌĞƐŝĚĞŶƚŝĂůĂŶĚƌĞƐŝĚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚ͘/ŶƚŚŝƐƐƉĞĐŝĂůĐĂƐĞ͕ŶĞŝƚŚĞƌƚŚĞWůĂŶŶĞĚZĞƐŝĚĞŶƚŝĂů ĞǀĞůŽƉŵĞŶƚŶŽƌƚŚĞWůĂŶŶĞĚEŽŶͲZĞƐŝĚĞŶƚŝĂůĞǀĞůŽƉŵĞŶƚůĂŶĚƵƐĞĐůĂƐƐŝĨŝĐĂƚŝŽŶĂůŽŶĞǁŽƵůĚďĞĂƉƉƌŽƉƌŝĂƚĞ ƚŽ ĐĂůĐƵůĂƚĞ ƐƉĞĐŝĂů ďĞŶĞĨŝƚƐ͕ ďƵƚ ĂƉƉůLJŝŶŐ ƚŚĞ ĂƉƉƌŽƉƌŝĂƚĞ h ĐĂůĐƵůĂƚŝŽŶ ƚŽ ƚŚĞ ƌĞƐƉĞĐƚŝǀĞ ƉŽƌƚŝŽŶƐ ŽĨ ƚŚĞ ŽǀĞƌĂůůƉƌŽƉĞƌƚLJĚĞǀĞůŽƉŵĞŶƚǁŽƵůĚĞƐƚĂďůŝƐŚĂŶĂĐĐƵƌĂƚĞŝĚĞŶƚŝĨŝĐĂƚŝŽŶŽĨƚŚĞƉĂƌĐĞů͛ƐƐƉĞĐŝĂůďĞŶĞĨŝƚ͘/ŶƐŽŵĞ ĐĂƐĞƐ͕ĂƉƌŽƉĞƌƚLJŵĂLJĂĐƚƵĂůůLJ ĨŝƚĂ ƐƚĂŶĚĂƌĚůĂŶĚƵƐĞĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ďƵƚ ƚŚĞƵƐƵĂůŵĞƚŚŽĚŽĨĐĂůĐƵůĂƚŝŶŐ ƚŚĞ ƉĂƌĐĞů͛ƐƐƉĞĐŝĂůďĞŶĞĨŝƚƐŝƐĐůĞĂƌůLJŶŽƚĂƉƉƌŽƉƌŝĂƚĞ͘&ŽƌĞdžĂŵƉůĞ͕ĂƉĂƌĐĞůŵĂLJďĞŝĚĞŶƚŝĨŝĞĚĂƐĂĞǀĞůŽƉĞĚEŽŶͲ ZĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚLJ͕ŚŽǁĞǀĞƌŽŶůLJĂƐŵĂůůƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞƉĂƌĐĞů͛ƐƚŽƚĂůĂĐƌĞĂŐĞŝƐĂĐƚƵĂůůLJĚĞǀĞůŽƉĞĚ͘/ŶƚŚŝƐ ĐĂƐĞ͕ĂŶĂƉƉƌŽƉƌŝĂƚĞĐĂůĐƵůĂƚŝŽŶŽĨƐƉĞĐŝĂůďĞŶĞĨŝƚǁŽƵůĚďĞďĂƐĞĚŽŶƚŚĞŶĞƚĂĐƌĞĂŐĞƵƚŝůŝnjĞĚƌĂƚŚĞƌƚŚĂŶƚŚĞ ŐƌŽƐƐĂĐƌĞĂŐĞŽĨƚŚĞƉĂƌĐĞů͘
Item No.8B
Ϯ͘DĞƚŚŽĚŽĨƐƐĞƐƐŵĞŶƚƉƉŽƌƚŝŽŶŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϮϮ
dŚĞĨŽůůŽǁŝŶŐĂƌĞƚŚĞ
hĨĂĐƚŽƌƐĂƉƉůŝĞĚƚŽǀĂƌŝŽƵƐƉƌŽƉĞƌƚLJƚLJƉĞƐĨŽƌ>ĂŶĚƐĐĂƉŝŶŐ͗ dĂďůĞϮͲϭ
>ĂŶĚƐĐĂƉŝŶŐ
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚ^ƵŵŵĂƌLJ
>ĂŶĚhƐĞ
h &ĂĐƚŽƌ
ZĞƐŝĚĞŶƚŝĂů ϭ͘ϬϬ hŶŝƚ
DƵůƚŝͲ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂů Ϭ͘ϳϱ hŶŝƚ
ĞǀĞůŽƉĞĚEŽŶͲZĞƐŝĚĞŶƚŝĂů;ϭͿ ϯ͘ϲϬ ĐƌĞ
WůĂŶŶĞĚZĞƐŝĚĞŶƚŝĂůĞǀĞůŽƉŵĞŶƚƐ ϭ͘ϬϬ hŶŝƚ
WůĂŶŶĞĚEŽŶͲZĞƐŝĚĞŶƚŝĂůĞǀĞůŽƉŵĞŶƚƐ ϯ͘ϲϬ ĐƌĞ
sĂĐĂŶƚWůĂŶŶĞĚĞǀĞůŽƉŵĞŶƚƐ;ϮͿ ϭ͘Ϯϲ ĐƌĞ
sĂĐĂŶƚhŶĚĞĨŝŶĞĚĞǀĞůŽƉŵĞŶƚƐ Ϭ͘ϬϬ WĂƌĐĞů
džĞŵƉƚ;ϯͿ Ϭ͘ϬϬ WĂƌĐĞů
;ϭͿ ƐƐŝŐŶĞĚϯ͘ϲϬ
hƉĞƌĂĐƌĞ͕ǁŝƚŚĂŵŝŶŝŵƵŵŽĨϭ͘ϬϬ
hƉĞƌ ƉĂƌĐĞů͘
;ϮͿ ŶŶƵĂůƐƐĞƐƐŵĞŶƚŝƐĐĂůĐƵůĂƚĞĚĂƚϭ͘ϮϲƉĞƌĂĐƌĞ͕ďƵƚĨŽƌďĂůůŽƚŝŶŐƉƵƌƉŽƐĞƐ͕ĂƐƐĞƐƐŵĞŶƚƐ ŵĂLJďĞĐĂůĐƵůĂƚĞĚĂƚϯ͘ϲƉĞƌĂĐƌĞ;ĂŶƚŝĐŝƉĂƚĞĚďƵŝůĚͲŽƵƚͿ͘ ;ϯͿ
džĞŵƉƚƉƌŽƉĞƌƚŝĞƐŝŶĐůƵĚĞŽŶůLJƉƌŽƉĞƌƚŝĞƐƚŚĂƚĐĂŶŶŽƚďĞĚĞǀĞůŽƉĞĚ͕ĐŽŵŵŽŶĂƌĞĂƐ͕ŽƉĞŶ ƐƉĂĐĞ ĂƌĞĂƐ͕ ĞĂƐĞŵĞŶƚƐ Žƌ ŽƚŚĞƌ ƉƌŽƉĞƌƚŝĞƐ ǁŝƚŚ ƌĞƐƚƌŝĐƚĞĚ ĚĞǀĞůŽƉŵĞŶƚ Žƌ ŝĚĞŶƚŝĨŝĞĚ ĂƐ ƌĞĐĞŝǀŝŶŐŶŽƐƉĞĐŝĂůďĞŶĞĨŝƚĨƌŽŵƚŚĞŝƐƚƌŝĐƚŝŵƉƌŽǀĞŵĞŶƚƐ͘ dŚĞĨŽůůŽǁŝŶŐĂƌĞƚŚĞ
hĨĂĐƚŽƌƐĂƉƉůŝĞĚƚŽǀĂƌŝŽƵƐƉƌŽƉĞƌƚLJƚLJƉĞƐĨŽƌ^ƚƌĞĞƚ>ŝŐŚƚŝŶŐ͗ dĂďůĞϮͲϮ
>ŝŐŚƚŝŶŐ
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚ^ƵŵŵĂƌLJ
>ĂŶĚhƐĞ
h &ĂĐƚŽƌ
ZĞƐŝĚĞŶƚŝĂůdƌĂĐƚWĂƌĐĞůƐ;WƵďůŝĐͿ ϭ͘ϬϬ hŶŝƚ
ZĞƐŝĚĞŶƚŝĂůdƌĂĐƚWĂƌĐĞůƐ;WƌŝǀĂƚĞͿ;ϭͿ Ϭ͘Ϯϱ hŶŝƚ
ZĞƐŝĚĞŶƚŝĂůŽŶĚŽŵŝŶŝƵŵƐ;ϭͿ Ϭ͘Ϯϱ hŶŝƚ
DƵůƚŝͲ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂů;ϭͿ Ϭ͘Ϯϱ hŶŝƚ
ZƵƌĂůZĞƐŝĚĞŶƚŝĂůWĂƌĐĞůƐ;ϮͿ Ϭ͘Ϯϱ hŶŝƚ
ĞǀĞůŽƉĞĚEŽŶͲZĞƐŝĚĞŶƚŝĂů;ϮͿ;ϯͿ ϭ͘ϬϬ WĂƌĐĞů
WůĂŶŶĞĚZĞƐŝĚĞŶƚŝĂůĞǀĞůŽƉŵĞŶƚƐ;ϰͿ ϭ͘ϬϬ WĂƌĐĞů
WůĂŶŶĞĚEŽŶͲZĞƐŝĚĞŶƚŝĂůĞǀĞůŽƉŵĞŶƚƐ ϭ͘ϬϬ WĂƌĐĞů
sĂĐĂŶƚWůĂŶŶĞĚĞǀĞůŽƉŵĞŶƚƐ;ϰͿ ϭ͘ϬϬ WĂƌĐĞů
sĂĐĂŶƚhŶĚĞĨŝŶĞĚĞǀĞůŽƉŵĞŶƚƐ Ϭ͘ϬϬ WĂƌĐĞů
džĞŵƉƚ;ϯͿ Ϭ͘ϬϬ WĂƌĐĞů
;ϭͿ ƐƐĞƐƐĞĚĨŽƌƐƚƌĞĞƚůŝŐŚƚƐŽŶŶĞĂƌďLJƉƵďůŝĐƐƚƌĞĞƚƐƵƐĞĚƚŽĂĐĐĞƐƐƚŚĞƉƌŽƉĞƌƚLJ͕ŶŽƚΗŝŶͲƚƌĂĐƚΗ ;ƉƌŝǀĂƚĞͿůŝŐŚƚŝŶŐĨĂĐŝůŝƚŝĞƐͿ͘
hƌĞĨůĞĐƚƐƉƌŽƉŽƌƚŝŽŶĂůďĞŶĞĨŝƚĨƌŽŵŝƐƚƌŝĐƚƉƌŽǀŝĚĞĚƐƚƌĞĞƚůŝŐŚƚŝŶŐ͘DŽďŝůĞ ,ŽŵĞƐĂŶĚDŽďŝůĞ,ŽŵĞWĂƌŬƐĂƌĞĂƐƐŝŐŶĞĚĂŶĂƐƐĞƐƐŵĞŶƚ͕ďƵƚŝƚŝƐĐŽǀĞƌĞĚďLJ ƚŚĞ'ĞŶĞƌĂů&ƵŶĚƉĞƌ ŽƵŶĐŝůƉŽůŝĐLJ͘
;ϮͿ >ŽĐĂů ƐƚƌĞĞƚ ůŝŐŚƚŝŶŐ ŝƐ ŶŽƚ ĂƉƉůŝĐĂďůĞ ƚŽ ƚŚŝƐ ůĂŶĚ ƵƐĞ ŝŶ Ăůů ĂƌĞĂƐ͘ ƐƐĞƐƐĞĚ ŽŶůLJ ŝĨ ƚŚĞ ƉƌŽƉĞƌƚLJ ƌĞĐĞŝǀĞƐĚŝƌĞĐƚďĞŶĞĨŝƚĨƌŽŵůŽĐĂůƐƚƌĞĞƚůŝŐŚƚŝŶŐŝŶĂƌĞĂ͘ ;ϯͿ ƐƐŝŐŶĞĚϭ͘Ϭ
hƉĞƌĂĐƌĞ͕ǁŝƚŚĂŵŝŶŝŵƵŵŽĨϬ͘Ϯϱ
hƉĞƌƉĂƌĐĞů͘
;ϰͿ ŶŶƵĂůĂƐƐĞƐƐŵĞŶƚ ŝƐ ƉĞƌ ƉĂƌĐĞů͕ ďƵƚ ĨŽƌ ďĂůůŽƚŝŶŐ ƉƵƌƉŽƐĞƐĂƐƐĞƐƐŵĞŶƚƐĂƌĞ ďĂƐĞĚ ŽŶ ƉƌŽƉŽƐĞĚ ďƵŝůĚͲŽƵƚ͘
Item No.8B
Ϯ͘DĞƚŚŽĚŽĨƐƐĞƐƐŵĞŶƚƉƉŽƌƚŝŽŶŵĞŶƚ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ Ϯϯ
ƐƐĞƐƐŵĞŶƚĚũƵƐƚŵĞŶƚ&ŽƌŵƵůĂ
DŽƐƚďƵĚŐĞƚŝƚĞŵƐĂƌĞ ƚLJƉŝĐĂůůLJŝŵƉĂĐƚĞĚďLJŝŶĨůĂƚŝŽŶ͘/ŶĂŶĞĨĨŽƌƚ ƚŽŵŝŶŝŵŝnjĞ ƚŚŝƐŝŵƉĂĐƚŽŶ ƚŚĞŝƐƚƌŝĐƚ͕Ă ĨŽƌŵƵůĂĨŽƌĂŶŝŶĨůĂƚŝŽŶĂĚũƵƐƚŵĞŶƚǁĂƐƐƵďŵŝƚƚĞĚƚŽƉƌŽƉĞƌƚLJŽǁŶĞƌƐĂƐƉĂƌƚŽĨƚŚĞƉƌŽƉĞƌƚLJŽǁŶĞƌďĂůůŽƚŝŶŐ ƉƌŽĐĞƐƐĐŽŶĚƵĐƚĞĚĨŽƌĂůůŝƐƚƌŝĐƚĂƐƐĞƐƐŵĞŶƚƐ͘dŚĞĨŽƌŵƵůĂĂƐĚĞƐĐƌŝďĞĚďĞůŽǁǁĂƐŽƌŝŐŝŶĂůůLJĂƉƉƌŽǀĞĚďLJƚŚĞ ŝƐƚƌŝĐƚƉƌŽƉĞƌƚLJŽǁŶĞƌƐŝŶ&ŝƐĐĂůzĞĂƌϭϵϵϳͲϵϴĂŶĚǁĂƐĨŝƌƐƚĂƉƉůŝĞĚŝŶ&ŝƐĐĂůzĞĂƌϭϵϵϴͲϵϵ;ĐŽŵŵĞŶĐŝŶŐ:ƵůLJϭ͕ ϭϵϵϴͿĂŶĚĂůůŽǁƐĨŽƌĂŶŶƵĂůĂĚũƵƐƚŵĞŶƚƐƚŽƚŚĞŵĂdžŝŵƵŵĂƐƐĞƐƐŵĞŶƚĂůůŽǁĞĚ͘^ƵďƐĞƋƵĞŶƚŶĞǁŽƌŝŶĐƌĞĂƐĞĚ ĂƐƐĞƐƐŵĞŶƚƐďĂůůŽƚĞĚŝŶĐůƵĚĞƚŚŝƐƐĂŵĞĂƐƐĞƐƐŵĞŶƚĨŽƌŵƵůĂ͘ ŝƐƚƌŝĐƚĂƐƐĞƐƐŵĞŶƚƐŝŶĐůƵĚĞĂĨŽƌŵƵůĂĨŽƌŝŶĐƌĞĂƐŝŶŐĂƐƐĞƐƐŵĞŶƚƐĞĂĐŚ&ŝƐĐĂůzĞĂƌƚŽŽĨĨƐĞƚŝŶĐƌĞĂƐĞƐŝŶĐŽƐƚƐ ĚƵĞƚŽŝŶĨůĂƚŝŽŶ͘'ĞŶĞƌĂůůLJ͕ĂŶLJŶĞǁŽƌŝŶĐƌĞĂƐĞĚĂƐƐĞƐƐŵĞŶƚƐƌĞƋƵŝƌĞĐĞƌƚĂŝŶŶŽƚŝĐŝŶŐ͕ŵĞĞƚŝŶŐ͕ĂŶĚďĂůůŽƚŝŶŐ ƌĞƋƵŝƌĞŵĞŶƚƐ ďLJ ůĂǁ͘ ,ŽǁĞǀĞƌ͕ 'ŽǀĞƌŶŵĞŶƚ ŽĚĞ ^ĞĐƚŝŽŶ ϱϰϵϱϰ͘ϲ;ŽͿ ƉƌŽǀŝĚĞƐ ƚŚĂƚ Ă ͞ŶĞǁ Žƌ ŝŶĐƌĞĂƐĞĚ ĂƐƐĞƐƐŵĞŶƚ͟ ĚŽĞƐ ŶŽƚ ŝŶĐůƵĚĞ ͞ĂŶ ĂƐƐĞƐƐŵĞŶƚ ǁŚŝĐŚ ĚŽĞƐ ŶŽƚ ĞdžĐĞĞĚ ĂŶ ĂƐƐĞƐƐŵĞŶƚ ĨŽƌŵƵůĂ Žƌ ƌĂŶŐĞ ŽĨ ĂƐƐĞƐƐŵĞŶƚƐ͘͘͘ƉƌĞǀŝŽƵƐůLJĂĚŽƉƚĞĚďLJƚŚĞĂŐĞŶĐLJŽƌĂƉƉƌŽǀĞĚďLJƚŚĞǀŽƚĞƌƐŝŶƚŚĞĂƌĞĂǁŚĞƌĞƚŚĞĂƐƐĞƐƐŵĞŶƚŝƐ ŝŵƉŽƐĞĚ͘͟dŚŝƐĚĞĨŝŶŝƚŝŽŶŽĨĂŶŝŶĐƌĞĂƐĞĚĂƐƐĞƐƐŵĞŶƚǁĂƐůĂƚĞƌĐŽŶĨŝƌŵĞĚďLJ^ĞŶĂƚĞŝůůϵϭϵ;ƚŚĞ/ŵƉůĞŵĞŶƚŝŶŐ >ĞŐŝƐůĂƚŝŽŶĨŽƌWƌŽƉŽƐŝƚŝŽŶϮϭϴͿ͘
dŚĞ ĨŽůůŽǁŝŶŐ ĚĞƐĐƌŝďĞƐ ƚŚĞ ĂƐƐĞƐƐŵĞŶƚ ĂĚũƵƐƚŵĞŶƚ ĨŽƌŵƵůĂ ĂƉƉƌŽǀĞĚ ďLJ ƚŚĞ ŝƚLJ ŽƵŶĐŝů ĂŶĚ ƚŚĞ ŝƐƚƌŝĐƚ ƉƌŽƉĞƌƚLJŽǁŶĞƌƐ͗
dŚĞŵĂdžŝŵƵŵĂƐƐĞƐƐŵĞŶƚĂŵŽƵŶƚĂůůŽǁĞĚ ĨŽƌĞĂĐŚ ĨŝƐĐĂůLJĞĂƌŵĂLJďĞŝŶĐƌĞĂƐĞĚŝŶĂŶĂŵŽƵŶƚĞƋƵĂů ƚŽƚŚĞ ŐƌĞĂƚĞƌŽĨ͗ ;ϭͿ ƚŚƌĞĞƉĞƌĐĞŶƚ ;ϯ͘ϬйͿ͕Žƌ ;ϮͿ ƚŚĞƉĞƌĐĞŶƚĂŐĞŝŶĐƌĞĂƐĞŽĨ ƚŚĞ>ŽĐĂůŽŶƐƵŵĞƌWƌŝĐĞ/ŶĚĞdž ;W/Ϳ͘ ŽŶƐƵŵĞƌWƌŝĐĞ/ŶĚĞdžĂƉƉůŝĞĚŝƐĨŽƌƚŚĞ>ŽƐŶŐĞůĞƐͲ>ŽŶŐĞĂĐŚͲŶĂŚĞŝŵ͕ƌĞĂĨŽƌůůhƌďĂŶŽŶƐƵŵĞƌƐ͕ĂƐ ĚĞǀĞůŽƉĞĚ ďLJ h͘^͘ ƵƌĞĂƵ ŽĨ >ĂďŽƌ ^ƚĂƚŝƐƚŝĐƐ͘ dŚĞ W/ ƵƐĞĚ ƐŚĂůů ďĞ ĂƐ ĚĞƚĞƌŵŝŶĞĚ ďLJ ƚŚĞ ƵƌĞĂƵ ŽĨ >ĂďŽƌ ^ƚĂƚŝƐƚŝĐƐĨŽƌĂƐŝŵŝůĂƌƉĞƌŝŽĚŽĨƚŝŵĞ͘
ĂĐŚĨŝƐĐĂůLJĞĂƌƚŚĞŝƚLJƐŚĂůůĐŽŵƉƵƚĞƚŚĞƉĞƌĐĞŶƚĂŐĞĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶƚŚĞW/ŽŶ:ĂŶƵĂƌLJϭ͕ĂŶĚƚŚĞW/ĨŽƌ ƚŚĞƉƌĞǀŝŽƵƐ :ĂŶƵĂƌLJϭŽƌĂ ƐŝŵŝůĂƌ ƚŝŵĞƉĞƌŝŽĚ͘dŚŝƐƉĞƌĐĞŶƚĂŐĞĚŝĨĨĞƌĞŶĐĞ ƐŚĂůů ƚŚĞŶĞƐƚĂďůŝƐŚ ƚŚĞ ƌĂŶŐĞŽĨ ŝŶĐƌĞĂƐĞĚĂƐƐĞƐƐŵĞŶƚƐĂůůŽǁĞĚ ďĂƐĞĚŽŶ W/͘ ĂƐĞĚŽŶ ƚŚŝƐƐƐĞƐƐŵĞŶƚĚũƵƐƚŵĞŶƚ&ŽƌŵƵůĂ͕ ƚŚĞŵĂdžŝŵƵŵ ĂƐƐĞƐƐŵĞŶƚƌĂƚĞƐĨŽƌĞĂĐŚŽŶĞĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯŚĂƐďĞĞŶĂĚũƵƐƚĞĚďLJϳ͘ϱϭйŽǀĞƌƚŚĞƉƌĞǀŝŽƵƐĨŝƐĐĂůLJĞĂƌ ĂƐƚŚĞƉĞƌĐĞŶƚĂŐĞĐŚĂŶŐĞŝŶW/ǁĂƐϳ͘ϱϭй͘^ŚŽƵůĚƚŚĞƵƌĞĂƵŽĨ>ĂďŽƌ^ƚĂƚŝƐƚŝĐƐƌĞǀŝƐĞƐƵĐŚŝŶĚĞdžŽƌĚŝƐĐŽŶƚŝŶƵĞ ƚŚĞƉƌĞƉĂƌĂƚŝŽŶŽĨƐƵĐŚŝŶĚĞdž͕ƚŚĞŝƚLJƐŚĂůůƵƐĞƚŚĞƌĞǀŝƐĞĚŝŶĚĞdžŽƌĐŽŵƉĂƌĂďůĞƐLJƐƚĞŵĂƐĂƉƉƌŽǀĞĚďLJƚŚĞŝƚLJ ŽƵŶĐŝůĨŽƌĚĞƚĞƌŵŝŶŝŶŐĨůƵĐƚƵĂƚŝŽŶƐŝŶƚŚĞĐŽƐƚŽĨůŝǀŝŶŐ͘ /ŶƚŚĞĞǀĞŶƚƚŚĂƚƚŚĞŝƚLJŽƵŶĐŝůĚĞƚĞƌŵŝŶĞƐƚŚĂƚƚŚĞŵĂdžŝŵƵŵŝŶĨůĂƚŝŽŶĂĚũƵƐƚŵĞŶƚĂůůŽǁĞĚƚŽƚŚĞĂƐƐĞƐƐŵĞŶƚƐ ŝƐŶŽƚƌĞƋƵŝƌĞĚĨŽƌĂŐŝǀĞŶĨŝƐĐĂůLJĞĂƌ͕ƚŚĞŝƚLJŽƵŶĐŝůŵĂLJĂĚŽƉƚĂŶĂƐƐĞƐƐŵĞŶƚůĞƐƐƚŚĂŶƚŚĞĂůůŽǁĂďůĞŵĂdžŝŵƵŵ ĂƐƐĞƐƐŵĞŶƚĨŽƌƚŚĂƚLJĞĂƌ͘/ĨƚŚĞďƵĚŐĞƚĂŶĚĂƐƐĞƐƐŵĞŶƚƐĨŽƌƚŚĞŝƐƚƌŝĐƚŽƌĂŶLJŽŶĞƌĞƋƵŝƌĞƐĂŶŝŶĐƌĞĂƐĞŐƌĞĂƚĞƌ ƚŚĂŶƚŚĞĂĚũƵƐƚŵĞŶƚƐĞƚĨŽƌƚŚŝŶƚŚĞĨŽƌŵƵůĂ͕ƚŚĞŶƚŚĞƉƌŽƉŽƐĞĚŝŶĐƌĞĂƐĞǁŽƵůĚďĞƐƵďũĞĐƚƚŽĂƉƉƌŽǀĂůďLJƚŚĞ ƉƌŽƉĞƌƚLJŽǁŶĞƌƐƐƵďũĞĐƚƚŽƚŚĞŝŶĐƌĞĂƐĞĚĂƐƐĞƐƐŵĞŶƚ͘
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
&LW\RI7KRXVDQG2DNV/DQGVFDSHDQG/LJKWLQJ$VVHVVPHQW'LVWULFW1R
(QJLQHHU¶V5HSRUWIRU)LVFDO<HDU
ŝƐƚƌŝĐƚƵĚŐĞƚƐ
dŚĞĨŽůůŽǁŝŶŐƚĂďůĞƐƉƌŽǀŝĚĞĂƐƵŵŵĂƌLJŽĨƚŚĞ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐďƵĚŐĞƚƐĨŽƌĞĂĐŚŽŶĞǁŝƚŚŝŶƚŚĞŝƐƚƌŝĐƚ͕ ĂƐǁĞůůĂƐ'ĞŶĞƌĂů&ƵŶĚĞdžƉĞŶĚŝƚƵƌĞƐ ĨŽƌŶŽŶͲĂƐƐĞƐƐĞĚŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚŝŶƚŚĞŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ͘DŽƌĞ ƐƉĞĐŝĨŝĐĂůůLJ͕ƚŚĞƐĞƚĂďůĞƐŝĚĞŶƚŝĨLJƚŚĞĐŽƐƚƐĂŶĚĂƐƐĞƐƐŵĞŶƚƐ;ƌĂƚĞͿĂƉƉůŝĞĚƚŽĞĂĐŚ ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚǁŝƚŚŝŶ
ĞĂĐŚŽŶĞƚŚĂƚĂƌĞŶĞĐĞƐƐĂƌLJƚŽĐŽǀĞƌƚŚĞĐŽƐƚƐĂŶĚĞdžƉĞŶƐĞƐŽĨƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐƚŚĂƚƉƌŽǀŝĚĞĂƐƉĞĐŝĂůďĞŶĞĨŝƚ ƚŽƉƌŽƉĞƌƚŝĞƐǁŝƚŚŝŶƚŚĞŽŶĞƐ͘
dĂďůĞϯͲϭ
&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ>ĂŶĚƐĐĂƉĞŽŶĞŽƐƚ
ƐƚŝŵĂƚĞƐ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϭ ŽŶĞϮ ŽŶĞϯ ŽŶĞϰ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ Ψϰ͕Ϭϰϴ͘Ϭϳ Ψϭϴ͕ϯϮϯ͘ϬϬ Ψϭ͕ϳϱϴ͘ϴϭ Ψϯ͕ϯϵϲ͘ϳϳ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ ΨϮ͕ϭϴϳ͘ϬϬ Ψϭϱ͕Ϭϯϯ͘Ϯϲ ΨϰϬϰ͘Ϭϲ ΨϮ͕ϲϱϴ͘ϱϬ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ ΨϯϵϬ͘ϮϬ ΨϮ͕ϯϰϬ͘ϯϳ ΨϭϮϱ͘ϵϬ Ψϯϭϭ͘ϳϬ
DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϯ͕ϯϮϳ͘ϵϴ Ψϭϰ͕Ϭϯϲ͘ϯϴ ΨϬ͘ϬϬ ΨϬ͘ϬϬ
^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ Ψϵ͕ϵϱϯ͘Ϯϱ Ψϰϵ͕ϳϯϯ͘Ϭϭ ΨϮ͕Ϯϴϴ͘ϳϳ Ψϲ͕ϯϲϲ͘ϵϳ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ ΨϮϱϰ͘ϯϲ ΨϭϮϭ͘ϯϳ Ψϰϵ͘Ϭϲ Ψϰϱϰ͘ϰϵ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϱϵ͘ϲϮ ΨϭϰϮ͘ϭϰ Ψϰϵ͘ϴϳ ΨϭϬϰ͘ϭϬ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ ΨϮ͕ϴϵϭ͘ϵϴ Ψϭ͕ϯϳϵ͘ϵϯ Ψϱϱϳ͘ϴϰ Ψϱ͕ϭϲϳ͘ϰϬ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ Ψϯ͕ϮϬϱ͘ϵϲ Ψϭ͕ϲϰϯ͘ϰϰ Ψϲϱϲ͘ϳϴ Ψϱ͕ϳϮϱ͘ϵϵ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ Ψϭϯ͕ϭϱϵ͘Ϯϭ Ψϱϭ͕ϯϳϲ͘ϰϱ ΨϮ͕ϵϰϱ͘ϱϱ ΨϭϮ͕ϬϵϮ͘ϵϲ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ;ΨϮ͕ϲϰϳ͘ϮϵͿ ;ΨϳϳϬ͘ϲϮͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ Ψϭϰ͕ϰϲϴ͘ϭϬ Ψϱ͕ϳϭϱ͘ϱϵ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ;ΨϮ͕ϲϰϳ͘ϮϵͿ ;ΨϳϳϬ͘ϲϮͿ Ψϭϰ͕ϰϲϴ͘ϭϬ Ψϱ͕ϳϭϱ͘ϱϵ ĂůĂŶĐĞƚŽ>ĞǀLJ ΨϭϬ͕ϱϭϭ͘ϵϮ ΨϱϬ͕ϲϬϱ͘ϴϯ Ψϭϳ͕ϰϭϯ͘ϲϱ Ψϭϳ͕ϴϬϴ͘ϱϱ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϮϬϬ ϵϳ ϯϵ ϯϱϯ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϭϵϳ ϵϰ ϯϴ ϯϱϮ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϭϵϳ͘ϬϬ ϵϰ͘ϬϬ ϯϴ͘ϬϬ ϯϱϮ͘ϬϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h Ψϱϯ͘ϯϲ Ψϱϯϴ͘ϯϰ Ψϰϱϴ͘Ϯϰ ΨϱϬ͘ϱϴ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ ΨϭϬ͕ϱϭϭ͘ϵϮ ΨϱϬ͕ϲϬϯ͘ϵϲ Ψϭϳ͕ϰϭϯ͘ϭϮ Ψϭϳ͕ϴϬϰ͘ϭϲ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϱϯ͘ϯϲ Ψϱϯϴ͘ϯϲ Ψϱϯϴ͘ϯϲ Ψϭϯϵ͘ϳϵ WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ Ψϰϵ͘ϲϯ ΨϱϬϬ͘ϳϳ ΨϱϬϬ͘ϳϳ ΨϭϯϬ͘Ϭϯ WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ Ψϰϵ͘ϲϮ ΨϱϬϬ͘ϳϰ ΨϰϮϲ͘Ϯϲ Ψϰϳ͘Ϭϲ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ Ϯϱ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϱ ŽŶĞϲ ŽŶĞϳ ŽŶĞϴ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ Ψϲϯ͕ϱϱϴ͘ϯϭ Ψϭ͕ϵϱϴ͘ϴϯ Ψϳϯ͕ϯϱϴ͘ϵϱ ΨϮ͕Ϯϱϵ͘ϰϳ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ ΨϱϮ͕Ϯϯϵ͘ϴϮ Ψϯ͕ϴϵϭ͘Ϭϵ Ψϳϭ͕Ϯϴϳ͘ϭϴ Ψϰ͕ϱϳϱ͘ϴϴ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ Ψϲ͕Ϭϭϯ͘ϳϱ ΨϯϮ͘ϴϬ Ψϭ͕ϳϱϭ͘ϱϴ Ψϭϲϯ͘ϮϬ
DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ Ψϰϱ͕ϬϬϬ͘ϬϬ ΨϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϯϴ͕ϯϱϮ͘ϯϴ ΨϮ͕ϲϰϲ͘ϴϭ ΨϭϬϭ͕ϰϲϬ͘ϭϰ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ ΨϭϲϬ͕ϭϲϰ͘Ϯϲ Ψϴ͕ϱϮϵ͘ϱϯ ΨϮϵϮ͕ϴϱϳ͘ϴϱ Ψϲ͕ϵϵϴ͘ϱϱ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ Ψϱϲϲ͘ϵϰ Ψϯϯ͘ϱϳ ΨϯϮϰ͘Ϭϴ Ψϭϴϳ͘ϮϮ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϲϲϯ͘ϳϲ Ψϯϵ͘ϯϭ Ψϯϳϵ͘ϱϰ ΨϭϮϲ͘Ϯϰ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ Ψϲ͕ϰϰϱ͘ϴϲ Ψϯϴϭ͘ϲϴ Ψϯ͕ϲϴϰ͘ϳϭ ΨϮ͕ϭϮϴ͘ϲϭ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ Ψϳ͕ϲϳϲ͘ϱϱ Ψϰϱϰ͘ϱϳ Ψϰ͕ϯϴϴ͘ϯϯ ΨϮ͕ϰϰϮ͘Ϭϴ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ Ψϭϲϳ͕ϴϰϬ͘ϴϭ Ψϴ͕ϵϴϰ͘ϭϬ ΨϮϵϳ͕Ϯϰϲ͘ϭϴ Ψϵ͕ϰϰϬ͘ϲϮ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ;ΨϭϲϮ͕ϭϭϵ͘ϲϴͿ ΨϬ͘ϬϬ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ Ψϲϴ͕ϱϰϭ͘ϱϳ Ψϱ͕ϬϭϮ͘ϵϯ ΨϬ͘ϬϬ Ψϯϭ͕ϯϮϯ͘Ϭϴ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ Ψϲϴ͕ϱϰϭ͘ϱϳ Ψϱ͕ϬϭϮ͘ϵϯ ;ΨϭϲϮ͕ϭϭϵ͘ϲϴͿ Ψϯϭ͕ϯϮϯ͘Ϭϴ ĂůĂŶĐĞƚŽ>ĞǀLJ ΨϮϯϲ͕ϯϴϮ͘ϯϵ Ψϭϯ͕ϵϵϳ͘Ϭϯ Ψϭϯϱ͕ϭϮϲ͘ϱϬ ΨϰϬ͕ϳϲϯ͘ϳϬ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϰϯϮ Ϯϳ ϮϲϬ ϭϰϳ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϰϯϴ Ϯϲ Ϯϱϭ ϭϰϱ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϰϯϵ͘Ϭϵ Ϯϲ͘ϬϬ Ϯϱϭ͘ϬϬ ϭϰϱ͘ϬϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h Ψϱϯϴ͘ϯϰ Ψϱϯϴ͘ϯϰ Ψϱϯϴ͘ϯϰ ΨϮϴϭ͘ϭϮ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ ΨϮϯϲ͕ϯϳϴ͘ϲϯ Ψϭϯ͕ϵϵϲ͘ϴϰ Ψϭϯϱ͕ϭϮϯ͘ϯϰ ΨϰϬ͕ϳϲϮ͘ϰϬ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϱϯϴ͘ϯϲ Ψϱϯϴ͘ϯϲ Ψϱϯϴ͘ϯϲ ΨϰϱϬ͘ϴϯ WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϱϬϬ͘ϳϳ ΨϱϬϬ͘ϳϳ ΨϱϬϬ͘ϳϳ Ψϰϭϵ͘ϯϱ WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϱϬϬ͘ϳϲ ΨϱϬϬ͘ϳϲ ΨϱϬϬ͘ϳϲ ΨϮϲϭ͘ϱϬ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ Ϯϲ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϵ ŽŶĞϭϬ ŽŶĞϭϭ ŽŶĞϭϮ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ ΨϮ͕ϳϰϬ͘ϱϭ Ψϭϰ͕ϱϵϯ͘ϲϮ ΨϭϬ͕ϱϲϰ͘ϱϭ ΨϭϬ͕ϭϬϬ͘ϯϮ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ Ψϯ͕Ϭϴϲ͘ϮϬ ΨϭϬ͕ϯϮϮ͘ϲϮ ΨϯϮ͕ϳϳϲ͘ϴϮ Ψϭϵ͕ϵϬϰ͘ϯϵ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ ΨϮϭϮ͘ϬϬ Ψϭ͕ϴϱϴ͘ϳϬ Ψϰϵ͘ϮϬ ΨϭϮϬ͘ϰϬ
DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ ΨϮ͕Ϯϴϵ͘ϳϬ Ψϭϰ͕ϭϳϰ͘Ϭϭ Ψϴ͕ϴϭϯ͘ϳϲ ΨϭϬ͕ϱϴϳ͘ϴϭ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ Ψϴ͕ϯϮϴ͘ϰϬ ΨϰϬ͕ϵϰϴ͘ϵϱ ΨϱϮ͕ϮϬϰ͘Ϯϵ ΨϰϬ͕ϳϭϮ͘ϵϭ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ Ψϳϰ͘ϴϵ ΨϱϬ͘ϯϲ ΨϭϰϬ͘ϰϯ Ψϭϰϭ͘ϭϴ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϴϳ͘ϳϬ Ψϱϴ͘ϵϳ ΨϭϱϮ͘ϭϮ ΨϭϯϮ͘ϳϱ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ Ψϴϱϭ͘ϰϱ ΨϱϳϮ͘ϱϮ Ψϭ͕ϱϵϲ͘ϲϭ Ψϭ͕ϲϬϱ͘ϭϮ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ Ψϭ͕Ϭϭϰ͘Ϭϰ Ψϲϴϭ͘ϴϱ Ψϭ͕ϴϴϵ͘ϭϲ Ψϭ͕ϴϳϵ͘Ϭϰ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ Ψϵ͕ϯϰϮ͘ϰϰ Ψϰϭ͕ϲϯϬ͘ϴϬ Ψϱϰ͕Ϭϵϯ͘ϰϰ ΨϰϮ͕ϱϵϭ͘ϵϱ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ΨϬ͘ϬϬ ;ΨϮϬ͕ϲϯϱ͘ϮϯͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ
ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϮϭ͕ϴϴϭ͘ϳϰ ΨϬ͘ϬϬ Ψϰ͕ϰϱϳ͘ϰϭ ΨϭϬ͕ϭϲϯ͘ϭϲ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ΨϮϭ͕ϴϴϭ͘ϳϰ ;ΨϮϬ͕ϲϯϱ͘ϮϯͿ Ψϰ͕ϰϱϳ͘ϰϭ ΨϭϬ͕ϭϲϯ͘ϭϲ ĂůĂŶĐĞƚŽ>ĞǀLJ Ψϯϭ͕ϮϮϰ͘ϭϴ ΨϮϬ͕ϵϵϱ͘ϱϳ Ψϱϴ͕ϱϱϬ͘ϴϱ ΨϱϮ͕ϳϱϱ͘ϭϭ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϱϵ ϰϬ ϯϲ ϭϯ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϱϴ ϯϵ ϯϲ ϳ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϱϴ͘ϬϬ ϯϵ͘ϬϬ ϭϬϴ͘ϳϲ ϭϬϵ͘ϯϰ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h Ψϱϯϴ͘ϯϰ Ψϱϯϴ͘ϯϰ Ψϱϯϴ͘ϯϰ ΨϰϴϮ͘ϰϴ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ Ψϯϭ͕ϮϮϯ͘ϳϮ ΨϮϬ͕ϵϵϱ͘Ϯϲ Ψϱϴ͕ϱϰϵ͘ϵϳ ΨϱϮ͕ϳϱϰ͘Ϯϰ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϱϯϴ͘ϯϲ Ψϱϯϴ͘ϯϲ Ψϱϯϴ͘ϯϲ Ψϭ͕ϬϮϱ͘ϱϭ WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϱϬϬ͘ϳϳ ΨϱϬϬ͘ϳϳ ΨϱϬϬ͘ϳϳ Ψϵϱϯ͘ϵϭ WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϱϬϬ͘ϳϲ ΨϱϬϬ͘ϳϲ ΨϱϬϬ͘ϳϲ Ψϰϰϴ͘ϴϬ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ Ϯϳ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϭϯ ŽŶĞϭϰ ŽŶĞϭϱ ŽŶĞϭϱ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ ΨϴϮ͕ϳϭϴ͘ϬϮ Ψϱϳ͕ϲϮϭ͘ϭϯ Ψϯϯ͕Ϭϭϵ͘ϲϰ ΨϮ͕ϳϴϵ͘ϲϬ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ Ψϵϯ͕ϭϴϴ͘ϭϵ ΨϮϵ͕ϭϴϭ͘ϰϱ Ψϳϱ͕Ϯϲϳ͘Ϭϴ Ψϲ͕ϱϰϰ͘ϵϲ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ Ψϴ͕ϯϵϵ͘Ϯϭ Ψϯ͕ϱϲϭ͘ϱϭ ΨϴϴϮ͘ϯϱ Ψϳϲ͘ϳϯ
DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϬ͘ϬϬ ΨϱϬ͕ϬϬϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϲϲ͕ϵϴϳ͘ϲϲ ΨϮϱ͕ϯϳϵ͘ϰϱ Ψϱϰ͕ϴϲϵ͘ϭϮ Ψϰ͕Ϯϲϴ͘ϭϳ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ ΨϮϱϭ͕Ϯϵϯ͘Ϭϴ Ψϭϲϱ͕ϳϰϯ͘ϱϰ Ψϭϲϰ͕Ϭϯϴ͘ϭϵ Ψϭϯ͕ϲϳϵ͘ϰϲ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ Ψϭ͕ϵϲϳ͘Ϭϱ Ψϲϴϯ͘Ϭϯ Ψϭϳϭ͘ϭϲ Ψϭϱϴ͘ϴϭ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϴϯϯ͘ϲϱ Ψϰϳϵ͘ϱϱ ΨϮϭϲ͘ϮϮ Ψϯϳ͘ϯϳ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ ΨϮϮ͕ϯϲϰ͘ϱϱ Ψϳ͕ϳϲϱ͘ϳϳ Ψϭ͕ϵϰϲ͘Ϭϭ Ψϭ͕ϴϬϱ͘ϲϱ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ ΨϮϱ͕ϭϲϱ͘Ϯϱ Ψϴ͕ϵϮϴ͘ϯϱ ΨϮ͕ϯϯϯ͘ϯϵ ΨϮ͕ϬϬϭ͘ϴϰ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ ΨϮϳϲ͕ϰϱϴ͘ϯϯ Ψϭϳϰ͕ϲϳϭ͘ϴϵ Ψϭϲϲ͕ϯϳϭ͘ϱϳ Ψϭϱ͕ϲϴϭ͘ϯϬ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ;ΨϮϯ͕ϵϬϬ͘ϬϬͿ ;Ψϭϴ͕ϯϰϱ͘ϯϰͿ ;Ψϴϵ͕ϯϵϭ͘ϲϱͿ ;Ψϵ͕Ϭϱϵ͘ϬϬͿ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ;ΨϮϯ͕ϵϬϬ͘ϬϬͿ ;Ψϭϴ͕ϯϰϱ͘ϯϰͿ ;Ψϴϵ͕ϯϵϭ͘ϲϱͿ ;Ψϵ͕Ϭϱϵ͘ϬϬͿ ĂůĂŶĐĞƚŽ>ĞǀLJ ΨϮϱϮ͕ϱϱϴ͘ϯϯ Ψϭϱϲ͕ϯϮϲ͘ϱϱ Ψϳϲ͕ϵϳϵ͘ϵϯ Ψϲ͕ϲϮϮ͘ϯϬ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϭ͕ϮϬϰ ϱϯϱ ϭϱϲ ϭϯϱ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϭ͕ϮϬϮ ϱϮϵ ϭϰϯ ϭϮϯ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϭ͕ϱϮϯ͘ϰϲ ϱϮϵ͘ϬϬ ϭϰϯ͘ϬϬ ϭϮϯ͘ϬϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h Ψϭϲϱ͘ϳϲ ΨϮϵϱ͘ϱϬ Ψϱϯϴ͘ϯϮ Ψϱϯ͘ϴϮ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ ΨϮϱϮ͕ϱϮϴ͘ϳϯ Ψϭϱϲ͕ϯϭϵ͘ϱϬ Ψϳϲ͕ϵϳϵ͘ϳϲ Ψϲ͕ϲϭϵ͘ϴϲ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ ΨϮϳϭ͘ϵϮ ΨϮϵϱ͘ϱϯ Ψϱϯϴ͘ϯϲ Ψϱϯ͘ϴϰ WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϮϱϮ͘ϵϯ ΨϮϳϰ͘ϵϬ ΨϱϬϬ͘ϳϳ ΨϱϬ͘Ϭϴ WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϭϱϬ͘ϳϬ ΨϮϳϰ͘ϴϴ ΨϱϬϬ͘ϳϲ ΨϱϬ͘Ϭϲ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ Ϯϴ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϭϲ ŽŶĞϭϳ ŽŶĞϭϴ ŽŶĞϭϵ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ ΨϭϮ͕ϯϴϭ͘ϵϲ Ψϯϯ͕Ϯϱϲ͘ϳϮ ΨϮ͕ϲϴϮ͘ϰϬ Ψϰ͕ϭϮϯ͘ϮϬ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ Ψϭϵ͕ϲϴϲ͘ϬϬ ΨϰϮ͕Ϭϴϱ͘ϰϯ Ψϯ͕ϬϱϮ͘ϴϵ Ψϯ͕ϱϬϬ͘ϲϴ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ Ψϯϰϰ͘ϲϬ Ψϯϰϵ͘ϮϬ ΨϮϯϳ͘ϳϬ Ψϭϯϭ͘ϲϬ
DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϬ͘ϬϬ ΨϮϱ͕ϬϬϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ ΨϭϮ͕ϵϭϱ͘ϴϰ Ψϰϱ͕ϳϱϴ͘ϴϲ Ψϭ͕ϰϮϲ͘ϱϰ Ψϰ͕ϮϯϮ͘ϰϳ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ Ψϰϱ͕ϯϮϴ͘ϰϬ Ψϭϰϲ͕ϰϱϬ͘Ϯϭ Ψϳ͕ϯϵϵ͘ϱϯ Ψϭϭ͕ϵϴϳ͘ϵϱ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ Ψϭϭϭ͘Ϭϰ ΨϮϲϬ͘ϴϮ Ψϴϳ͘ϴϬ Ψϭϲ͘ϳϵ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϭϭϰ͘ϯϵ ΨϯϬϱ͘ϰϰ ΨϲϬ͘ϳϯ Ψϭϵ͘ϲϲ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ Ψϭ͕ϮϲϮ͘ϰϵ ΨϮ͕ϵϲϱ͘ϯϴ Ψϵϵϴ͘Ϯϱ ΨϭϵϬ͘ϴϰ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ Ψϭ͕ϰϴϳ͘ϵϮ Ψϯ͕ϱϯϭ͘ϲϰ Ψϭ͕ϭϰϲ͘ϳϳ ΨϮϮϳ͘Ϯϴ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ Ψϰϲ͕ϴϭϲ͘ϯϮ Ψϭϰϵ͕ϵϴϭ͘ϴϱ Ψϴ͕ϱϰϲ͘ϯϬ ΨϭϮ͕Ϯϭϱ͘Ϯϯ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ;Ψϲ͕ϳϵϰ͘ϮϮͿ ;Ψϰϭ͕Ϯϯϱ͘ϰϰͿ ΨϬ͘ϬϬ ;Ψϱ͕Ϯϭϲ͘ϳϭͿ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ Ψϭϭ͕ϭϴϭ͘ϱϴ ΨϬ͘ϬϬ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ;Ψϲ͕ϳϵϰ͘ϮϮͿ ;Ψϰϭ͕Ϯϯϱ͘ϰϰͿ Ψϭϭ͕ϭϴϭ͘ϱϴ ;Ψϱ͕Ϯϭϲ͘ϳϭͿ ĂůĂŶĐĞƚŽ>ĞǀLJ ΨϰϬ͕ϬϮϮ͘ϭϬ ΨϭϬϴ͕ϳϰϲ͘ϰϭ Ψϭϵ͕ϳϮϳ͘ϴϴ Ψϲ͕ϵϵϴ͘ϱϮ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϵϭ ϮϬϱ ϳϯ ϭϱ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϴϲ ϮϬϮ ϲϴ ϭϯ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϴϲ͘ϬϬ ϮϬϮ͘ϬϬ ϲϴ͘ϬϬ ϭϯ͘ϬϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h Ψϰϲϱ͘ϯϲ Ψϱϯϴ͘ϯϰ ΨϮϵϬ͘ϭϬ Ψϱϯϴ͘ϯϰ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ ΨϰϬ͕ϬϮϬ͘ϵϲ ΨϭϬϴ͕ϳϰϰ͘ϲϴ Ψϭϵ͕ϳϮϲ͘ϴϬ Ψϲ͕ϵϵϴ͘ϰϮ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϰϲϱ͘ϰϮ Ψϱϯϴ͘ϯϲ Ψϱϯϴ͘ϯϲ Ψϱϯϴ͘ϯϲ WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϰϯϮ͘ϵϯ ΨϱϬϬ͘ϳϳ ΨϱϬϬ͘ϳϳ ΨϱϬϬ͘ϳϳ WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϰϯϮ͘ϴϴ ΨϱϬϬ͘ϳϲ ΨϮϲϵ͘ϴϲ ΨϱϬϬ͘ϳϲ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ Ϯϵ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϮϬ ŽŶĞϮϭ ŽŶĞϮϮ ŽŶĞϮϯ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ Ψϭϯ͕ϱϴϵ͘ϯϰ ΨϯϮ͕ϯϴϭ͘Ϭϳ ΨϮϮ͕ϴϯϳ͘ϰϵ Ψϰ͕ϳϬϴ͘ϳϴ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ ΨϮϳ͕ϯϬϲ͘Ϭϰ Ψϯϰ͕ϴϳϵ͘ϴϳ Ψϭϵ͕ϴϬϰ͘ϳϴ Ψϰ͕ϬϮϬ͘ϰϬ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ ΨϯϴϬ͘ϵϬ ΨϮ͕ϵϮϵ͘ϵϬ Ψϭ͕ϲϰϱ͘ϵϬ Ψϭϰϳ͘ϲϬ
DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϴ͕ϰϮϬ͘Ϯϯ Ψϭϰ͕ϵϮϲ͘ϳϱ ΨϮϵ͕ϲϭϲ͘ϲϵ Ψϴ͕ϳϬϰ͘ϲϴ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ Ψϰϵ͕ϲϵϲ͘ϱϭ Ψϴϱ͕ϭϭϳ͘ϱϵ Ψϳϯ͕ϵϬϰ͘ϴϲ Ψϭϳ͕ϱϴϭ͘ϰϲ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ Ψϭϲϲ͘ϱϲ Ψϱϵϭ͘ϯϭ Ψϰϳϰ͘ϯϮ Ψϭϭϲ͘Ϯϭ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϭϱϭ͘ϯϮ Ψϰϯϳ͘ϮϬ ΨϮϲϳ͘ϲϵ Ψϴϭ͘ϱϱ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ Ψϭ͕ϴϵϯ͘ϳϯ Ψϲ͕ϳϮϮ͘ϵϰ Ψϱ͕ϯϵϮ͘ϴϮ Ψϭ͕ϯϮϭ͘Ϯϭ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ ΨϮ͕Ϯϭϭ͘ϲϮ Ψϳ͕ϳϱϭ͘ϰϱ Ψϲ͕ϭϯϰ͘ϴϰ Ψϭ͕ϱϭϴ͘ϵϳ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ Ψϱϭ͕ϵϬϴ͘ϭϯ ΨϵϮ͕ϴϲϵ͘Ϭϰ ΨϴϬ͕Ϭϯϵ͘ϳϬ Ψϭϵ͕ϭϬϬ͘ϰϯ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ
ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϬ͘ϬϬ Ψϲϳ͕ϲϵϮ͘ϯϲ ΨϮ͕ϰϴϰ͘ϴϲ Ψϳ͕ϰϴϭ͘ϵϲ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ΨϬ͘ϬϬ Ψϲϳ͕ϲϵϮ͘ϯϲ ΨϮ͕ϰϴϰ͘ϴϲ Ψϳ͕ϰϴϭ͘ϵϲ ĂůĂŶĐĞƚŽ>ĞǀLJ Ψϱϭ͕ϵϬϴ͘ϭϯ ΨϭϲϬ͕ϱϲϭ͘ϰϬ ΨϴϮ͕ϱϮϰ͘ϱϱ ΨϮϲ͕ϱϴϮ͘ϯϵ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϭϯϰ ϮϮϵ ϯϲϵ ϵϮ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϭϮϵ Ϯϭϳ ϯϲϱ ϵϬ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϭϮϵ͘ϬϬ ϰϱϳ͘ϵϲ ϯϲϳ͘ϯϲ ϵϬ͘ϬϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h ΨϰϬϮ͘ϯϴ ΨϯϱϬ͘ϱϴ ΨϮϮϰ͘ϲϰ ΨϮϵϱ͘ϯϰ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ Ψϱϭ͕ϵϬϳ͘ϬϮ ΨϭϲϬ͕ϱϱϮ͘ϲϬ ΨϴϮ͕ϱϮϮ͘ϴϱ ΨϮϲ͕ϱϴϬ͘ϲϬ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ ΨϱϮϱ͘Ϭϱ ΨϰϱϬ͘Ϯϳ ΨϮϲϰ͘ϵϭ ΨϮϵϱ͘ϯϲ WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ Ψϰϴϴ͘ϯϵ Ψϰϭϴ͘ϴϯ ΨϮϰϲ͘ϰϭ ΨϮϳϰ͘ϳϯ WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϯϳϮ͘ϰϬ ΨϯϮϲ͘ϭϮ ΨϮϬϴ͘ϵϲ ΨϮϳϰ͘ϳϬ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϯϬ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϮϰ ŽŶĞϮϱ ŽŶĞϮϱ ŽŶĞϮϲ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ Ψϴϯ͕ϲϰϱ͘ϵϰ Ψϭϯϵ͕ϱϴϯ͘ϱϱ ΨϮϮ͕ϯϮϳ͘ϭϳ Ψϳϰ͕ϳϯϰ͘ϴϯ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ Ψϴϭ͕Ϯϲϭ͘ϵϳ ΨϮϯϳ͕ϱϰϱ͘ϭϵ Ψϭϳ͕ϴϳϵ͘ϳϱ Ψϳϭ͕ϰϵϬ͘ϰϴ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ Ψϱ͕ϭϴϳ͘ϱϬ Ψϰ͕ϵϱϱ͘ϭϵ ΨϯϳϮ͘ϵϳ Ψϱ͕ϳϳϱ͘ϰϬ DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϮϬ͕ϬϬϬ͘ϬϬ Ψϰϭ͕ϴϱϬ͘ϬϬ Ψϯ͕ϭϱϬ͘ϬϬ ΨϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϴϰ͕ϵϰϮ͘ϴϰ Ψϭϲϰ͕ϯϮϱ͘ϯϴ ΨϮϬϰ͘Ϯϱ Ψϴϲ͕ϬϬϯ͘ϲϰ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ ΨϮϳϱ͕Ϭϯϴ͘Ϯϱ Ψϱϴϴ͕Ϯϱϵ͘ϯϭ Ψϰϯ͕ϵϯϰ͘ϭϰ ΨϮϯϴ͕ϬϬϰ͘ϯϱ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ ΨϱϬϴ͘ϳϮ Ψϭ͕ϵϬϬ͘ϲϬ Ψϯϳϳ͘ϬϮ ΨϭϯϮ͘ϵϵ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϰϭϳ͘ϱϮ Ψϭ͕ϲϮϭ͘ϭϵ Ψϭϱϯ͘Ϯϲ Ψϭϱϱ͘ϳϱ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ Ψϱ͕ϳϴϯ͘ϵϲ ΨϮϭ͕ϲϬϵ͘ϭϭ Ψϰ͕Ϯϴϲ͘ϱϵ Ψϭ͕ϱϭϮ͘Ϭϱ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ Ψϲ͕ϳϭϬ͘Ϯϭ ΨϮϱ͕ϭϯϬ͘ϵϬ Ψϰ͕ϴϭϲ͘ϴϳ Ψϭ͕ϴϬϬ͘ϳϵ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ ΨϮϴϭ͕ϳϰϴ͘ϰϱ Ψϲϭϯ͕ϯϵϬ͘Ϯϲ Ψϲϭϯ͕ϯϵϬ͘ϮϮ ΨϮϯϵ͕ϴϬϱ͘ϭϯ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ;Ψϭϰϭ͕ϭϭϯ͘ϯϳͿ ;Ψϲϯ͕ϯϵϬ͘ϬϬͿ ;Ψϳ͕ϭϱϬ͘ϬϬͿ ;Ψϭϴϰ͕ϯϱϱ͘ϯϬͿ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ;Ψϭϰϭ͕ϭϭϯ͘ϯϳͿ ;Ψϲϯ͕ϯϵϬ͘ϬϬͿ ;Ψϳ͕ϭϱϬ͘ϬϬͿ ;Ψϭϴϰ͕ϯϱϱ͘ϯϬͿ ĂůĂŶĐĞƚŽ>ĞǀLJ ΨϭϰϬ͕ϲϯϱ͘Ϭϴ ΨϱϱϬ͕ϬϬϬ͘ϮϮ Ψϰϭ͕ϲϬϭ͘Ϭϭ Ψϱϱ͕ϰϰϵ͘ϴϯ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϰϯϬ ϭ͕ϱϭϲ ϯϭϯ ϭϮϱ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϯϵϰ ϭ͕ϰϳϮ ϮϵϮ ϭϬϯ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϯϵϰ͘ϬϬ ϭ͕ϰϳϮ͘ϬϬ ϮϵϮ͘ϬϬ ϭϬϯ͘ϬϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h Ψϯϱϲ͘ϵϰ Ψϯϳϯ͘ϲϰ ΨϭϰϮ͘ϰϲ Ψϱϯϴ͘ϯϰ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ ΨϭϰϬ͕ϲϯϰ͘ϯϲ Ψϱϰϵ͕ϵϵϴ͘Ϭϴ Ψϰϭ͕ϱϵϴ͘ϯϮ Ψϱϱ͕ϰϰϵ͘ϬϮ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϯϱϲ͘ϵϱ Ψϯϳϯ͘ϲϰ Ψϭϰϵ͘ϰϲ Ψϱϯϴ͘ϯϲ WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϯϯϮ͘Ϭϯ Ψϯϰϳ͘ϱϱ Ψϭϯϵ͘ϬϮ ΨϱϬϬ͘ϳϳ WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϯϯϮ͘ϬϮ Ψϯϰϳ͘ϱϰ ΨϭϮϵ͘ϱϮ ΨϱϬϬ͘ϳϲ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϯϭ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϮϳ ŽŶĞϮϴ ŽŶĞϮϵ ŽŶĞϯϬ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ ΨϮ͕ϰϮϳ͘ϮϬ ΨϮϭϭ͕ϰϮϵ͘ϵϯ Ψϭϱ͕ϱϱϭ͘ϯϯ ΨϮϯϰ͕ϯϰϭ͘ϳϲ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ Ψϭ͕ϯϱϳ͘ϬϬ Ψϭϰϵ͕ϬϬϰ͘Ϯϴ ΨϮϳ͕ϰϰϵ͘ϯϰ ΨϮϳϯ͕Ϭϲϲ͘ϱϳ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ ΨϭϬϰ͘ϬϬ Ψϭϴ͕ϱϰϳ͘ϳϰ ΨϮϰϲ͘ϬϬ Ψϭϭ͕ϯϮϵ͘ϱϴ DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϬ͘ϬϬ ΨϲϬ͕ϬϬϬ͘ϬϬ ΨϬ͘ϬϬ ΨϯϬ͕ϬϬϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϭ͕ϰϰϮ͘ϭϲ Ψϭϴϵ͕ϰϵϱ͘ϴϵ ΨϮϬ͕ϵϰϭ͘ϲϴ ΨϮϲϲ͕ϴϴϯ͘ϳϵ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ Ψϱ͕ϯϯϬ͘ϯϲ ΨϲϮϴ͕ϰϳϳ͘ϴϰ Ψϲϰ͕ϭϴϴ͘ϯϱ Ψϴϭϱ͕ϲϮϭ͘ϳϬ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ Ψϭϰ͘ϮϬ Ψϱ͕Ϯϱϯ͘ϴϴ ΨϯϬϬ͘ϯϲ Ψϱ͕ϲϴϭ͘ϬϮ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϭϲ͘ϲϯ ΨϮ͕ϰϲϮ͘ϭϯ ΨϮϬϭ͘ϱϮ ΨϮ͕ϵϭϱ͘ϳϱ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ Ψϭϲϭ͘ϰϴ Ψϱϵ͕ϳϯϰ͘ϰϳ Ψϯ͕ϰϭϱ͘Ϭϯ Ψϲϰ͕ϱϵϬ͘ϵϳ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ ΨϭϵϮ͘ϯϮ Ψϲϳ͕ϰϱϬ͘ϰϳ Ψϯ͕ϵϭϲ͘ϵϭ Ψϳϯ͕ϭϴϳ͘ϳϰ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ Ψϱ͕ϱϮϮ͘ϲϳ Ψϲϵϱ͕ϵϮϴ͘ϯϭ Ψϲϴ͕ϭϬϱ͘Ϯϲ Ψϴϴϴ͕ϴϬϵ͘ϰϱ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ
ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ Ψϯϵϵ͘ϭϱ Ψϱϰ͕ϲϳϳ͘ϬϮ ΨϭϬ͕ϴϲϴ͘ϱϰ Ψϰϭ͕Ϭϰϱ͘Ϯϰ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ Ψϯϵϵ͘ϭϱ Ψϱϰ͕ϲϳϳ͘ϬϮ ΨϭϬ͕ϴϲϴ͘ϱϰ Ψϰϭ͕Ϭϰϱ͘Ϯϰ ĂůĂŶĐĞƚŽ>ĞǀLJ Ψϱ͕ϵϮϭ͘ϴϮ ΨϳϱϬ͕ϲϬϱ͘ϯϯ Ψϳϴ͕ϵϳϯ͘ϴϬ ΨϵϮϵ͕ϴϱϰ͘ϲϵ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϭϭ ϯϱϭϳ ϯϮ ϯ͕ϲϳϰ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϭϭ ϯϰϴϭ Ϯϳ ϯ͕ϱϮϬ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϭϭ͘ϬϬ ϰ͕ϬϳϮ͘Ϭϴ ϮϯϮ͘ϲϯ ϰ͕ϯϵϵ͘ϵϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h Ψϱϯϴ͘ϯϰ Ψϭϴϰ͘ϯϮ Ψϯϯϵ͘ϰϴ ΨϮϭϭ͘ϯϮ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ Ψϱ͕ϵϮϭ͘ϳϰ ΨϳϱϬ͕ϱϲϱ͘Ϯϭ Ψϳϴ͕ϵϳϯ͘ϭϬ ΨϵϮϵ͕ϳϴϲ͘ϳϬ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϱϯϴ͘ϯϲ Ψϭϴϰ͘ϯϰ Ψϯϳϲ͘ϵϳ ΨϮϭϭ͘ϯϴ WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϱϬϬ͘ϳϳ Ψϭϳϭ͘ϰϳ ΨϯϱϬ͘ϲϱ Ψϭϵϲ͘ϲϮ WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϱϬϬ͘ϳϲ Ψϭϳϭ͘ϰϲ Ψϯϭϱ͘ϳϴ Ψϭϵϲ͘ϱϴ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϯϮ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϯϭ ŽŶĞϯϮ ŽŶĞϯϮ ŽŶĞϯϯ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ Ψϱϳ͕ϳϳϬ͘ϰϬ Ψϭϱϱ͕ϲϬϮ͘ϭϭ ΨϮϰ͕ϮϲϬ͘ϳϱ Ψϭϭ͕ϴϱϲ͘ϱϯ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ ΨϴϬ͕ϯϴϬ͘ϴϴ Ψϭϴϰ͕ϴϬϵ͘ϯϲ Ψϰϯ͕ϯϱϬ͘ϯϰ Ψϭϭ͕ϲϴϯ͘ϵϮ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ ΨϮ͕ϳϯϲ͘ϰϬ ΨϭϮ͕ϮϬϱ͘Ϯϰ ΨϮ͕ϴϲϮ͘ϵϲ ΨϮϯϲ͘ϰϬ DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ Ψϭϱ͕ϬϬϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϰϲ͕Ϯϱϭ͘ϳϲ ΨϭϬϱ͕Ϭϲϲ͘ϮϬ ΨϮϯ͕ϴϲϬ͘ϳϯ ΨϮϬ͕Ϭϱϲ͘ϵϴ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ ΨϮϬϮ͕ϭϯϵ͘ϰϰ Ψϰϱϳ͕ϲϴϮ͘ϵϭ Ψϵϰ͕ϯϯϰ͘ϳϴ Ψϰϯ͕ϴϯϯ͘ϴϯ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ ΨϮ͕ϮϲϮ͘ϭϯ ΨϮ͕ϯϴϰ͘Ϭϭ Ψϲϰϭ͘ϳϭ ΨϭϬϳ͘ϭϳ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϳϭϵ͘ϳϬ Ψϭ͕ϱϮϯ͘ϳϱ Ψϯϱϱ͘ϰϯ ΨϵϮ͘ϯϭ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ ΨϮϱ͕ϳϭϵ͘ϱϰ ΨϮϳ͕ϭϬϱ͘ϮϮ Ψϳ͕Ϯϵϲ͘Ϭϭ Ψϭ͕Ϯϭϴ͘ϰϱ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ ΨϮϴ͕ϳϬϭ͘ϯϳ Ψϯϭ͕ϬϭϮ͘ϵϴ Ψϴ͕Ϯϵϯ͘ϭϱ Ψϭ͕ϰϭϳ͘ϵϮ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ ΨϮϯϬ͕ϴϰϬ͘ϴϭ Ψϰϴϴ͕ϲϵϱ͘ϴϵ ΨϭϬϮ͕ϲϮϳ͘ϵϰ Ψϰϱ͕Ϯϱϭ͘ϳϲ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ;ΨϮϳ͕ϯϬϵ͘ϯϭͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ;Ψϭϯ͕ϴϴϬ͘ϮϰͿ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϬ͘ϬϬ Ψϱ͕ϮϯϮ͘Ϭϴ Ψϲ͕ϭϬϯ͘ϯϲ ΨϬ͘ϬϬ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ;ΨϮϳ͕ϯϬϵ͘ϯϭͿ Ψϱ͕ϮϯϮ͘Ϭϴ Ψϲ͕ϭϬϯ͘ϯϲ ;Ψϭϯ͕ϴϴϬ͘ϮϰͿ ĂůĂŶĐĞƚŽ>ĞǀLJ ΨϮϬϯ͕ϱϯϭ͘ϱϭ Ψϰϵϯ͕ϵϮϳ͘ϵϳ ΨϭϬϴ͕ϳϯϭ͘ϯϬ Ψϯϭ͕ϯϳϭ͘ϱϮ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϭ͕Ϯϳϵ ϭ͕ϳϲϯ ϱϬϵ ϴϳ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϭ͕Ϯϱϭ ϭ͕ϳϮϮ ϰϵϳ ϴϯ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϭ͕ϳϱϮ͘ϬϬ ϭ͕ϴϰϱ͘ϯϵ ϰϵϳ͘ϬϬ ϴϯ͘ϬϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h Ψϭϭϲ͘ϭϲ ΨϮϲϳ͘ϲϰ ΨϮϭϴ͘ϳϲ Ψϯϳϳ͘ϵϲ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ ΨϮϬϯ͕ϱϭϮ͘ϯϮ Ψϰϵϯ͕ϵϬϬ͘ϳϭ ΨϭϬϴ͕ϳϮϯ͘ϳϮ Ψϯϭ͕ϯϳϬ͘ϲϴ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϭϭϲ͘ϭϴ ΨϯϮϲ͘ϰϰ ΨϮϯϵ͘ϯϳ Ψϯϳϳ͘ϵϴ WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϭϬϴ͘Ϭϳ ΨϯϬϯ͘ϲϰ ΨϮϮϮ͘ϲϲ Ψϯϱϭ͘ϱϵ WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϭϬϴ͘Ϭϲ ΨϮϰϴ͘ϵϲ ΨϮϬϯ͘ϱϬ Ψϯϱϭ͘ϱϴ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϯϯ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϯϰ ŽŶĞϯϱ ŽŶĞϯϲ ŽŶĞϯϳ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ Ψϰ͕ϰϭϳ͘ϵϲ ΨϮϰ͕ϴϰϮ͘Ϯϭ ΨϮ͕ϭϰϵ͘ϰϵ ΨϮ͕ϮϬϮ͘ϭϲ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ Ψϯ͕ϴϯϯ͘ϰϲ Ψϭϯ͕ϴϯϯ͘Ϭϰ Ψϭ͕ϵϲϲ͘ϯϰ Ψϰ͕ϭϯϰ͘ϱϴ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ Ψϭϭ͘ϮϬ Ψϯ͕ϭϲϮ͘ϬϬ Ψϭϰϳ͘ϲϬ ΨϯϮ͘ϴϬ
DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϭϭ͕Ϯϴϲ͘Ϯϰ Ψϯ͕ϵϮϰ͘ϲϴ Ψϲϴϲ͘Ϯϯ Ψϭϯϭ͘ϭϮ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ Ψϭϵ͕ϱϰϴ͘ϴϲ Ψϰϱ͕ϳϲϭ͘ϵϯ Ψϰ͕ϵϰϵ͘ϲϲ Ψϲ͕ϱϬϬ͘ϲϱ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ Ψϱϭ͘ϲϱ Ψϭ͕ϮϰϮ͘ϲϬ ΨϯϴϬ͘ϳϳ Ψϱϭ͘Ϭϳ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϱϱ͘ϲϵ Ψϯϯϳ͘ϲϱ Ψϰϳ͘ϲϰ Ψϳ͘ϭϵ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ Ψϱϴϳ͘ϮϬ Ψϭϰ͕ϭϮϳ͘ϴϵ Ψϰ͕ϯϮϵ͘Ϯϲ ΨϱϴϬ͘ϲϳ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ Ψϲϵϰ͘ϱϰ Ψϭϱ͕ϳϬϴ͘ϭϰ Ψϰ͕ϳϱϳ͘ϲϳ Ψϲϯϴ͘ϵϯ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ ΨϮϬ͕Ϯϰϯ͘ϰϬ Ψϲϭ͕ϰϳϬ͘Ϭϳ Ψϵ͕ϳϬϳ͘ϯϯ Ψϳ͕ϭϯϵ͘ϱϵ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ;Ψϲϯϯ͘ϬϬͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ;Ψϰ͕ϱϮϵ͘ϰϲͿ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϬ͘ϬϬ Ψϭϲ͕ϲϬϮ͘ϱϵ Ψϴ͕ϭϬϰ͘ϱϳ ΨϬ͘ϬϬ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ;Ψϲϯϯ͘ϬϬͿ Ψϭϲ͕ϲϬϮ͘ϱϵ Ψϴ͕ϭϬϰ͘ϱϳ ;Ψϰ͕ϱϮϵ͘ϰϲͿ ĂůĂŶĐĞƚŽ>ĞǀLJ Ψϭϵ͕ϲϭϬ͘ϰϬ Ψϳϴ͕ϬϳϮ͘ϲϱ Ψϭϳ͕ϴϭϭ͘ϵϬ ΨϮ͕ϲϭϬ͘ϭϯ /^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϰϬ ϵϯϰ ϭϲ ϰ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϰϬ ϴϰϯ ϭϵ ϰ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϰϬ͘ϬϬ ϵϲϮ͘ϯϴ ϯϬϯ͘ϰϱ ϯϵ͘ϱϲ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h ΨϰϵϬ͘Ϯϰ Ψϴϭ͘ϭϮ Ψϱϴ͘ϲϴ Ψϲϱ͘ϵϴ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ Ψϭϵ͕ϲϬϵ͘ϲϬ Ψϳϴ͕Ϭϲϴ͘ϱϲ Ψϭϳ͕ϴϬϲ͘ϯϭ ΨϮ͕ϲϬϵ͘ϴϰ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϱϯϴ͘ϯϲ Ψϵϯ͘ϱϯ Ψϵϯ͘ϱϯ Ψϭϭϭ͘ϳϲ
WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϱϬϬ͘ϳϳ Ψϴϳ͘ϬϬ Ψϴϳ͘ϬϬ ΨϭϬϯ͘ϵϲ
WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ Ψϰϰϱ͘ϳϮ Ψϳϱ͘ϰϲ Ψϱϰ͘ϲϬ Ψϲϭ͘ϯϴ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϯϰ
ƵĚŐĞƚ/ƚĞŵ ŽŶĞϯϳ ŽŶĞϯϴ ŽŶĞϯϵ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ ΨϭϮϴ͘ϯϯ ΨϮ͕Ϭϴϭ͘ϯϱ Ψϲϰϴ͘Ϭϴ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ ΨϬ͘ϬϬ Ψϭ͕ϲϮϲ͘ϬϮ ΨϮ͕ϲϵϯ͘ϮϮ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ ΨϬ͘ϬϬ Ψϭϳϳ͘ϴϬ ΨϯϮ͘ϴϬ
DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ
tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϯϲϳ͘ϭϭ ΨϬ͘ϬϬ ΨϬ͘ϬϬ
^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ Ψϰϵϱ͘ϰϰ Ψϯ͕ϴϴϱ͘ϭϳ Ψϯ͕ϯϳϰ͘ϭϬ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ Ψϱϱ͘ϱϮ Ψϭϵ͘ϯϳ Ψϯ͘ϴϳ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϯϲ͘ϱϲ Ψϵ͘ϯϳ Ψϭ͘ϵϳ
ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ Ψϲϯϭ͘Ϯϰ ΨϮϮϬ͘ϮϬ Ψϰϰ͘Ϭϰ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ ΨϳϮϯ͘ϯϯ ΨϮϰϴ͘ϵϰ Ψϰϵ͘ϴϵ dŽƚĂůŝƌĞĐƚĂŶĚĚŵŝŶŽƐƚƐ Ψϭ͕Ϯϭϴ͘ϳϳ Ψϰ͕ϭϯϰ͘ϭϭ Ψϯ͕ϰϮϯ͘ϵϴ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ΨϬ͘ϬϬ ;Ψϭ͕ϯϵϱ͘ϲϭͿ ;ΨϮ͕ϴϯϲ͘ϮϵͿ
ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϭϬ͕ϱϭϵ͘ϯϰ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ΨϭϬ͕ϱϭϵ͘ϯϰ ;Ψϭ͕ϯϵϱ͘ϲϭͿ ;ΨϮ͕ϴϯϲ͘ϮϵͿ ĂůĂŶĐĞƚŽ>ĞǀLJ Ψϭϭ͕ϳϯϴ͘ϭϭ ΨϮ͕ϳϯϴ͘ϱϬ Ψϱϴϳ͘ϲϵ
/^dZ/d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϰϯ ϭϰ ϯ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϰϯ ϭϱ ϯ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϰϯ͘ϬϬ ϭϱ͘ϬϬ ϯ͘ϬϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h ΨϮϳϮ͘ϵϲ ΨϭϴϮ͘ϱϲ Ψϭϵϱ͘ϴϴ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ Ψϭϭ͕ϳϯϳ͘Ϯϴ ΨϮ͕ϳϯϴ͘ϰϬ Ψϱϴϳ͘ϲϰ
DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϱϯϳ͘ϲϰ ΨϭϴϮ͘ϱϳ Ψϭϵϱ͘ϵϮ
WƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϱϬϬ͘ϭϬ Ψϭϲϵ͘ϴϯ ΨϭϴϮ͘Ϯϰ
WƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞƉĞƌ
hͲ&zϮϬϮϭͲϮϮ ΨϮϱϯ͘ϵϮ Ψϭϲϵ͘ϴϮ ΨϭϴϮ͘ϮϮ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
ŝƚLJŽĨdŚŽƵƐĂŶĚKĂŬƐ>ĂŶĚƐĐĂƉĞĂŶĚ>ŝŐŚƚŝŶŐƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚEŽ͘ϳϵͲϮ
ŶŐŝŶĞĞƌ͛ƐZĞƉŽƌƚĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ ϯϱ
dĂďůĞϯͲϮ
&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ>ĂŶĚƐĐĂƉĞŽŶĞ^ƵŵŵĂƌLJ
ŝƐƚƌŝĐƚdŽƚĂů ŝƐƚƌŝĐƚdŽƚĂů EŽŶŝƐƚƌŝĐƚ
>ĂŶĚƐĐĂƉŝŶŐ
ŝƚLJǁŝĚĞ
>ĂŶĚƐĐĂƉŝŶŐ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ Ψϭ͕ϱϳϴ͕ϳϳϮ ΨϮ͕ϭϭϵ͕Ϯϭϭ Ψϯ͕ϲϵϳ͕ϵϴϮ ŽŶƚƌĂĐƚĞĚ^ĞƌǀŝĐĞƐ Ψϭ͕ϳϴϰ͕ϮϱϬ ΨϵϵϬ͕ϭϰϮ ΨϮ͕ϳϳϰ͕ϯϵϯ D^ͬWt^ƵƉƉůŝĞƐͬ
ƋƵŝƉŵĞŶƚ ΨϭϬϬ͕ϱϴϭ ΨϬ ΨϭϬϬ͕ϱϴϭ
DĂŝŶƚĞŶĂŶĐĞͬĂƉŝƚĂůWƌŽũĞĐƚƐ ΨϬ ΨϬ ΨϬ
KƚŚĞƌKƉĞƌĂƚŝŶŐ
džƉĞŶƐĞƐ;DĂũŽƌdĂƐŬKƌĚĞƌƐͿ ΨϮϵϬ͕ϬϬϬ ΨϰϴϮ͕ϳϬϵ ΨϳϳϮ͕ϳϬϵ tĂƚĞƌΘ
ůĞĐƚƌŝĐŝƚLJ Ψϭ͕ϰϵϵ͕Ϭϲϲ ΨϰϳϮ͕ϭϭϯ Ψϭ͕ϵϳϭ͕ϭϳϵ
^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ Ψϱ͕ϮϱϮ͕ϲϲϵ Ψϰ͕Ϭϲϰ͕ϭϳϱ Ψϵ͕ϯϭϲ͕ϴϰϰ D/E/^dZd/KEK^d^
ŽŶƐƵůƚĂŶƚͬDĂŶĂŐĞŵĞŶƚ&ĞĞ ΨϮϴ͕ϱϳϮ ΨϬ ΨϮϴ͕ϱϳϮ
ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞ Ψϭϲ͕ϭϯϮ ΨϬ Ψϭϲ͕ϭϯϮ
ŝƚLJŽƐƚůůŽĐĂƚŝŽŶͬKǀĞƌŚĞĂĚ ΨϯϮϰ͕ϴϰϳ ΨϬ ΨϯϮϰ͕ϴϰϳ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ Ψϯϲϵ͕ϱϱϬ ΨϬ Ψϯϲϵ͕ϱϱϬ dKd>/Z
dED/E/^dZd/KEK^d^ Ψϱ͕ϲϮϮ͕Ϯϭϵ Ψϰ͕Ϭϲϰ͕ϭϳϱ Ψϵ͕ϲϴϲ͕ϯϵϰ K>>
d/KEͬ;Z
/d^ͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ;Ψϴϰϰ͕ϬϰϱͿ ΨϬ ;Ψϴϰϰ͕ϬϰϱͿ
ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚŽůůĞĐƚŝŽŶͬ;dƌĂŶƐĨĞƌͿ ΨϰϮϭ͕ϯϭϮ ΨϬ ΨϰϮϭ͕ϯϭϮ ZĞƐĞƌǀĞ&ƵŶĚƌĞĚŝƚͬĚũƵƐƚŵĞŶƚ ΨϬ ΨϬ ΨϬ
/ŶƚĞƌĞƐƚͬKƚŚĞƌZĞŝŵďƵƌƐĞŵĞŶƚƐ ΨϬ ΨϬ ΨϬ
^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚƐͿƉƉůŝĞĚƚŽ>ĞǀLJ ;ΨϰϮϮ͕ϳϯϯͿ ΨϬ ;ΨϰϮϮ͕ϳϯϯͿ >E
dK>
sz Ψϱ͕ϭϵϵ͕ϰϴϲ
/Z
d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϭϵ͕Ϯϱϭ
dŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ
ϭϴ͕ϲϲϴ
dŽƚĂů
ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϮϮ͕ϭϰϵ͘ϯϱ
dŽƚĂů
ƐƚŝŵĂƚĞĚZĞǀĞŶƵĞ Ψϱ͕ϭϵϵ͕ϮϭϬ͘ϵϮ
Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
&LW\RI7KRXVDQG2DNV/DQGVFDSHDQG/LJKWLQJ$VVHVVPHQW'LVWULFW1R
(QJLQHHU¶V5HSRUWIRU)LVFDO<HDU ϯϲ
dĂďůĞϯͲϯ
&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ>ŝŐŚƚŝŶŐŽŶĞŽƐƚ
ƐƚŝŵĂƚĞƐ
ŝƐƚƌŝĐƚdŽƚĂů ŽŶĞ ŽŶĞ ŽŶĞ ŽŶĞ ŽŶĞ
ŽŶĞ&
/Z
dK^d^ >ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ Ψϯϯ͕ϯϲϱ͘ϲϲ Ψϴ͕ϳϱϵ͘ϲϭ Ψϭϭ͕ϰϴϳ͘Ϭϱ Ψϭϭ͕ϭϮϱ͘ϴϯ ΨϮϯ͕Ϭϰϱ͘Ϭϱ Ψϰϲ͕Ϭϭϯ͘ϳϳ ^ƚƌĞĞƚ>ŝŐŚƚͬ^ĂĨĞƚLJ>ŝŐŚƚŝŶŐ ůĞĐƚƌŝĐŝƚLJ ΨϮϭϵ͕ϰϵϱ͘ϲϭ Ψϱϳ͕ϲϮϳ͘ϲϴ Ψϳϱ͕ϱϲϰ͘Ϭϯ Ψϳϯ͕ϭϵϬ͘Ϯϵ Ψϭϱϭ͕ϲϬϰ͘ϯϭ ΨϯϬϮ͕ϲϵϱ͘ϴϭ dƌĂĨĨŝĐ^ŝŐŶĂůDĂŝŶƚĞŶĂŶĐĞ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ ΨϮϱϮ͕ϴϲϭ͘Ϯϳ Ψϲϲ͕ϯϴϳ͘Ϯϵ Ψϴϳ͕Ϭϱϭ͘Ϭϴ Ψϴϰ͕ϯϭϲ͘ϭϮ Ψϭϳϰ͕ϲϰϵ͘ϯϲ Ψϯϰϴ͕ϳϬϵ͘ϱϴ D/E/^dZd/KEK^d^ ŝƚLJŽƐƚůůŽĐĂƚŝŽŶ Ψϰ͕ϭϰϴ͘ϲϳ Ψϭ͕Ϭϴϵ͘Ϭϰ Ψϭ͕ϰϮϳ͘ϲϴ Ψϭ͕ϯϴϯ͘ϲϭ ΨϮ͕ϴϲϱ͘Ϭϰ Ψϱ͕ϳϮϬ͘ϰϭ ŽŶƐƵůƚĂŶƚ&ĞĞƐ Ψϳϵϱ͘Ϯϰ ΨϮϬϴ͘ϳϰ ΨϮϳϯ͘ϳϲ ΨϮϲϱ͘ϭϰ Ψϱϰϵ͘ϯϵ Ψϭ͕Ϭϵϲ͘ϳϯ ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞƐ Ψϯϭ͕ϱϮϲ͘ϮϮ Ψϴ͕Ϯϳϲ͘ϵϭ ΨϭϬ͕ϴϱϮ͘ϳϲ ΨϭϬ͕ϱϭϭ͘ϵϳ ΨϮϭ͕ϳϳϱ͘ϰϬ Ψϰϯ͕ϰϳϲ͘ϲϮ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ Ψϯϲ͕ϰϳϬ͘ϭϯ Ψϵ͕ϱϳϰ͘ϲϵ ΨϭϮ͕ϱϱϰ͘Ϯϭ ΨϭϮ͕ϭϲϬ͘ϳϭ ΨϮϱ͕ϭϴϵ͘ϴϰ ΨϱϬ͕Ϯϵϯ͘ϳϲ dKd>/Z
dED/E/^dZd/KEK^d^ ΨϮϴϵ͕ϯϯϭ͘ϯϵ Ψϳϱ͕ϵϲϭ͘ϵϴ Ψϵϵ͕ϲϬϱ͘Ϯϴ Ψϵϲ͕ϰϳϲ͘ϴϯ Ψϭϵϵ͕ϴϯϵ͘ϮϬ Ψϯϵϵ͕ϬϬϯ͘ϯϰK>> d/KEͬ;Z
/dͿWW>/
dK>
sz ŝƚLJ^ƵďƐŝĚLJ ;Ψϭϱϴ͕ϵϴϳ͘ϴϴͿ ;Ψϰϭ͕ϳϰϵ͘ϭϮͿ ;Ψϱϱ͕ϱϯϴ͘ϬϳͿ ;Ψϱϱ͕ϴϬϭ͘ϭϰͿ ;ΨϭϬϵ͕ϱϮϭ͘ϵϰͿ ;ΨϮϮϵ͕ϭϱϲ͘ϳϰͿ ^ƵƉƉůĞŵĞŶƚĂů^ŝŐŶĂů ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ /ŶƚĞƌĞƐƚ/ŶĐŽŵĞ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ KƚŚĞƌZĞǀĞŶƵĞƐ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ΨϬ͘ϬϬ ^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ;Ψϭϱϴ͕ϵϴϳ͘ϴϴͿ ;Ψϰϭ͕ϳϰϵ͘ϭϮͿ ;Ψϱϱ͕ϱϯϴ͘ϬϳͿ ;Ψϱϱ͕ϴϬϭ͘ϭϰͿ ;ΨϭϬϵ͕ϱϮϭ͘ϵϰͿ ;ΨϮϮϵ͕ϭϱϲ͘ϳϰͿ >E
dK>
sz ΨϭϯϬ͕ϯϰϯ͘ϱϭ Ψϯϰ͕ϮϭϮ͘ϴϲ Ψϰϰ͕Ϭϲϳ͘Ϯϭ ΨϰϬ͕ϲϳϱ͘ϲϵ ΨϵϬ͕ϯϭϳ͘Ϯϲ Ψϭϲϵ͕ϴϰϲ͘ϲϬ/Z d^dd/^d/^
dŽƚĂůEƵŵďĞƌŽĨWĂƌĐĞůƐ ϴ͕ϰϬϳ Ϯ͕ϴϮϭ ϯ͕ϰϴϮ ϯ͕ϲϬϬ ϳ͕Ϭϳϵ ϭϭ͕ϭϮϯdŽƚĂůWĂƌĐĞůƐƐƐĞƐƐĞĚ ϴ͕Ϭϳϭ Ϯ͕ϴϮϭ ϯ͕ϰϴϭ ϯ͕ϱϮϭ ϳ͕Ϭϭϭ ϭϭ͕ϭϬϳdŽƚĂů ƋƵŝǀĂůĞŶƚĞŶĞĨŝƚhŶŝƚƐ;
hͿ ϳ͕ϮϮϱ͘Ϯϱ ϭ͕ϴϵϲ͘ϱϬ Ϯ͕ϰϰϮ͘ϳϱ Ϯ͕Ϯϱϰ͘ϳϱ ϱ͕ϬϬϲ͘ϱϬ ϵ͕ϰϭϱ͘ϬϬ WƌŽƉŽƐĞĚ>ĞǀLJƉĞƌ
h Ψϭϴ͘Ϭϰ Ψϭϴ͘Ϭϰ Ψϭϴ͘Ϭϰ Ψϭϴ͘Ϭϰ Ψϭϴ͘Ϭϰ Ψϭϴ͘Ϭϰ DĂdžŝŵƵŵZĂƚĞƉĞƌ
hͲ&zϮϬϮϮͲϮϯ Ψϭϴ͘Ϭϱ Ψϭϴ͘Ϭϱ Ψϭϴ͘Ϭϱ Ψϭϴ͘Ϭϱ Ψϭϴ͘Ϭϱ Ψϭϴ͘ϬϱWƌŝŽƌzĞĂƌDĂdžŝŵƵŵZĂƚĞƉĞƌ hͲ&zϮϬϮϭͲϮϮ Ψϭϲ͘ϳϵ Ψϭϲ͘ϳϵ Ψϭϲ͘ϳϵ Ψϭϲ͘ϳϵ Ψϭϲ͘ϳϵ Ψϭϲ͘ϳϵWƌŝŽƌzĞĂƌƉƉůŝĞĚZĂƚĞͲ&zϮϬϮϭͲϮϮ Ψϭϲ͘ϳϴ Ψϭϲ͘ϳϴ Ψϭϲ͘ϳϴ Ψϭϲ͘ϳϴ Ψϭϲ͘ϳϴ Ψϭϲ͘ϳϴ Item No.8B
ϯ͘ŽƐƚ
ƐƚŝŵĂƚĞ
&LW\RI7KRXVDQG2DNV/DQGVFDSHDQG/LJKWLQJ$VVHVVPHQW'LVWULFW1R
(QJLQHHU¶V5HSRUWIRU)LVFDO<HDU ϯϳ
dĂďůĞϯͲϰ
&ŝƐĐĂůzĞĂƌϮϬϮϮͲϮϯ>ŝŐŚƚŝŶŐŽŶĞ^ƵŵŵĂƌLJ
ŝƐƚƌŝĐƚdŽƚĂů
^ƉĞĐŝĂůĞŶĞĨŝƚ
;ůůŽŶĞƐͿ
EŽŶŝƐƚƌŝĐƚ
>ŝŐŚƚŝŶŐ
ŝƚLJǁŝĚĞ
>ŝŐŚƚŝŶŐ
/Z
dK^d^
>ĂďŽƌĂŶĚ&ƌŝŶŐĞĞŶĞĨŝƚƐ Ψϭϯϯ͕ϳϵϳ ΨϳϮ͕Ϭϰϱ ΨϮϬϱ͕ϴϰϮ ^ƚƌĞĞƚ>ŝŐŚƚͬ^ĂĨĞƚLJ>ŝŐŚƚŝŶŐ
ůĞĐƚƌŝĐŝƚLJ ΨϴϴϬ͕ϭϳϴ Ψϰϳϯ͕ϵϰϮ Ψϭ͕ϯϱϰ͕ϭϭϵ
dƌĂĨĨŝĐ^ŝŐŶĂůDĂŝŶƚĞŶĂŶĐĞ ΨϬ Ψϰϰϯ͕ϱϴϬ Ψϰϰϯ͕ϱϴϬ ^ƵďƚŽƚĂůŝƌĞĐƚŽƐƚƐ Ψϭ͕Ϭϭϯ͕ϵϳϱ Ψϵϴϵ͕ϱϲϲ ΨϮ͕ϬϬϯ͕ϱϰϭ D/E/^dZd/KEK^d^
ŝƚLJŽƐƚůůŽĐĂƚŝŽŶ Ψϭϲ͕ϲϯϰ ΨϬ Ψϭϲ͕ϲϯϰ
ŽŶƐƵůƚĂŶƚ&ĞĞƐ Ψϯ͕ϭϴϵ ΨϬ Ψϯ͕ϭϴϵ
ŽƵŶƚLJĚŵŝŶŝƐƚƌĂƚŝŽŶ&ĞĞƐ ΨϭϮϲ͕ϰϮϬ ΨϬ ΨϭϮϲ͕ϰϮϬ ^ƵďƚŽƚĂůĚŵŝŶŝƐƚƌĂƚŝŽŶŽƐƚƐ Ψϭϰϲ͕Ϯϰϯ ΨϬ Ψϭϰϲ͕Ϯϰϯ dKd>/Z
dED/E/^dZd/KEK^d^ Ψϭ͕ϭϲϬ͕Ϯϭϴ Ψϵϴϵ͕ϱϲϲ ΨϮ͕ϭϰϵ͕ϳϴϰ K>>
d/KEͬ;Z
/dͿWW>/
dK>
sz
ŝƚLJ^ƵďƐŝĚLJ ;ΨϲϱϬ͕ϳϱϱͿ ;Ψϵϴϵ͕ϱϲϲͿ ;Ψϭ͕ϲϰϬ͕ϯϮϭͿ
^ƵƉƉůĞŵĞŶƚĂů^ŝŐŶĂů ΨϬ ΨϬ ΨϬ
/ŶƚĞƌĞƐƚ/ŶĐŽŵĞ ΨϬ ΨϬ ΨϬ
KƚŚĞƌZĞǀĞŶƵĞƐ ΨϬ ΨϬ ΨϬ
^ƵďƚŽƚĂůŽůůĞĐƚŝŽŶͬ;ƌĞĚŝƚͿƉƉůŝĞĚƚŽ>ĞǀLJ ;ΨϲϱϬ͕ϳϱϱͿ ;Ψϵϴϵ͕ϱϲϲͿ ;Ψϭ͕ϲϰϬ͕ϯϮϭͿ >E
dK>
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Item No.8B
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Item No.8B
LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 79-2 ZONES Sources: City of Thousand Oaks, 2019; Ventura Co. GIS, 2018.
BO
RC
H
ARD
RD
Landscaoing
Zone 35
101
£¤
Landscaping
Zone 32
Landscaping
Zone 33
Landscaping
Zone 7
Landscaping
Zone 5
Landscaping
Zone 4
Landscaping
Zone 2
Landscaping
Zone 1
Landscaping
Zone 8
Landscapong
Zone 9
Landscaping
Zone 37A
Landscaping
Zone 37B
Landscaping
Zone 10
Landscaping
Zone 3
Landscaping
Zone 34
Landscaping
Zone 39
Landscaping
Zone 6
Landscaoing
Zone 35
LYN
N
RD
W POTRER
O
R
D
OLD
CONEJO
RD
Lighting
Zone E
M:\GIS-Assessment\ThousandOaks\LLMD_79-2_A_9x11.mxd; Map created 06 May 2019 Lighting Zone A
I
0 2,000 4,000 6,000
Feet
CITY OF THOUSAND OAKS
Landscaping 79-2 Zones
Zone 1Zone 2Zone 3
Zone 4Zone 5Zone 6Zone 7
Zone 8Zone 9Zone 10Zone 32
Zone 33Zone 34Zone 35Zone 37A
Zone 37BZone 39
LEGEND
City Boundary
Lighting 79-2 Zones
Zone A
Item No.8B
LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 79-2 ZONES Sources: City of Thousand Oaks, 2019; Ventura Co. GIS, 2018.
Landscaping
Zone 21
Landscaping
Zone 16
23 |}þ·
101
£¤
OM
LYNN
R
D
THOUSAND
OAKS BL
H LI LC
REST D
R
HAMPSHIRE RD
TRIU
FO
OTHILL DR
Lighting
Zone B
M:\GIS-Assessment\ThousandOaks\LLMD_79-2_B_9x11.mxd; Map created 06 May 2019 Lighting Zone B
I
0 2,000 4,000 6,000
Feet
CITY OF THOUSAND OAKS
LEGEND
City Boundary
Lighting 79-2 Zones
Zone B
Landscaping 79-2 Zones
Zone 16Zone 21
Item No.8B
LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 79-2 ZONES Sources: City of Thousand Oaks, 2019; Ventura Co. GIS, 2018.
Landscaping
Zone 28
23 |}þ·
101
£¤
WS ES LT AKE BL
P
O
T
RERO
RD
HAMPSHIRE RD
TRIUNFO CYN RD
FO
OTHILL DR
Lighting
Zone C
M:\GIS-Assessment\ThousandOaks\LLMD_79-2_C_9x11.mxd; Map created 06 May 2019 Lighting Zone C
I
0 2,000 4,000 6,000
Feet
CITY OF THOUSAND OAKS
LEGEND
City Boundary
Lighting 79-2 Zones
Zone C
Landscaping 79-2 Zones
Zone 28
Item No.8B
LANDSCAPE AND LIGHTING ASSESSMENT
DISTRICT 79-2 ZONES
Sources: City of Thousand Oaks,
2019; Ventura Co. GIS, 2018.
Landscaping
Zone 20
Landscaping
Zone 29
·|þ}23
£¤101
KANAN RD
THOUSAND OAKS BL
WESTLAKE BLV
D
Lighting
Zone D
M:\GIS-Assessment\ThousandOaks\LLMD_79-2_D_9x11.mxd; Map created 06 May 2019 Lighting Zone D
0 2,000 4,000 6,000
I
Feet
CITY OF THOUSAND OAKS
LEGEND
City Boundary
Lighting 79-2 Zones
Zone D
Landscaping 79-2 Zones
Zone 29
Zone 30
Item No.8B
LANDSCAPE AND LIGHTING ASSESSMENT
DISTRICT 79-2 ZONES
Sources: City of Thousand Oaks,
2019; Ventura Co. GIS, 2018.
Landscaping
Zone 25A L
Landscaping
Zone 31
Landscaping
Zone 26
Landscaping
Zone 27 Landscaping
Zone 35
Landscaping
Zone 25B
·|þ}23
£¤101
ERBES RD
KANAN RD
THOUSAND OAKS BL
LLCREST DR
WESTLA
KE BLV
D
Lighting
Zone E
M:\GIS-Assessment\ThousandOaks\LLMD_79-2_E_9x11.mxd; Map created 06 May 2019 I Lighting Zone E
0 2,000 4,000 6,000
Feet
CITY OF THOUSAND OAKS
LEGEND
City Boundary
Lighting 79-2 Zones
Zone E
Landscaping 79-2 Zones
Zone 25A
Zone 25B
Zone 26
27 Zone 31
Zone 35
Item No.8B
LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 79-2 ZONES Sources: City of Thousand Oaks, 2019; Ventura Co. GIS, 2018.
Landscaping
Zone 20
Landscaping
Zone 13
Landscaping
Zone 19 Landscaping Zone 38
23 |}þ·
Landscaping
Zone 36
Landscaping
Zone 35
Landscaping
Zone 14
Landscaping
Zone 24
Landscaping
Zone 22
Landscaping
Zone 12
Landscaping
Zone 11
Landscaping
Zone 17
Landscaping
Zone 15B
Landscaping
Zone 15A
Landscaping
Zone 18 Landscaping Zone 23
ERBES RD
OOM
PR ARK RD
LY
N
N
RD
H LI LC
REST DR
JANSS RD
OLD
CONEJO
RD
Lighting
Zone F
M:\GIS-Assessment\ThousandOaks\LLMD_79-2_F_9x11.mxd; Map created 06 May 2019 Lighting Zone F
I
0 3,000 6,000 9,000
Feet
CITY OF THOUSAND OAKS
Landscaping 79-2 Zones
Zone 11Zone 12Zone 13Zone 14Zone 15AZone 15BZone 17Zone 18Zone 19Zone 20Zone 22Zone 23Zone 24Zone 31Zone 35Zone 36Zone 38 LEGEND
City Boundary
Lighting 79-2 Zones
Zone F
Item No.8B
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Item No.8B
3788 McCray St.
Riverside, CA 92506
951.200.8600
www.webbmfinance.com
Item No.8B
ATTACHMENT #2
DPW: 830-40\jlt\etm\Council\2022\061422\LLAD 79-2 Levying of Annual Assessments