Loading...
2022 07 19 Council CITY COUNCIL AGENDA Page 1 of 9 JULY 19, 2022 CITY COUNCIL AGENDA CITY HALL COUNCIL CHAMBER 78495 Calle Tampico, La Quinta REGULAR MEETING ON TUESDAY, JULY 19, 2022 3:00 P.M. CLOSED SESSION | 4:00 P.M. OPEN SESSION Members of the public may listen to this meeting by tuning-in live via http://laquinta.12milesout.com/video/live.   CALL TO ORDER ROLL CALL: Councilmembers: Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans PUBLIC COMMENTS – INSTRUCTIONS Members of the public may address the City Council on any matter listed or not listed on the agenda as follows: VERBAL PUBLIC COMMENTS can be provided in-person during the meeting upon being recognized by the Mayor. Members of the public must complete a “Request to Speak” form and submit it to the City Clerk; it is requested that this takes place prior to the beginning of the meeting. Please limit your comments to three (3) minutes (or approximately 350 words). WRITTEN PUBLIC COMMENTS can be provided either in-person during the meeting by submitting 15 copies to the City Clerk, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to CityClerkMail@LaQuintaCA.gov, no later than 12:00 p.m., on the day of the meeting. Written public comments will be distributed to Council, made publicly available, and will be incorporated into the agenda packet and public record of the meeting, but will not be read during the meeting unless, upon the request of the Mayor, a brief summary of public comment is asked to be reported. City Council agendas and staff reports are available on the City’s web page: www.LaQuintaCA.gov CITY COUNCIL AGENDA Page 2 of 9 JULY 19, 2022 If written public comments are emailed, the email subject line must clearly state “Written Comments” and should include: 1) full name, 2) city of residence, and 3) subject matter. All writings or documents, including but not limited to emails and attachments to emails, submitted to the City regarding any item(s) listed or not listed on this agenda are public records. All information in such writings and documents is subject to disclosure as being in the public domain and subject to search and review by electronic means, including but not limited to the City’s Internet Web site and any other Internet Web-based platform or other Web-based form of communication. All information in such writings and documents similarly is subject to disclosure pursuant to the California Public Records Act [Government Code § 6250 et seq.]. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the City Council on any matter not listed on the agenda pursuant to the “Public Comments – Instructions” listed above. The City Council values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)]. CONFIRMATION OF AGENDA CLOSED SESSION 1. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6; CITY DESIGNATED REPRESENTATIVE: CHRIS ESCOBEDO, COMMUNITY RESOURCES DIRECTOR; AND EMPLOYEE ORGANIZATION: LA QUINTA CITY EMPLOYEES’ ASSOCIATION 2. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION; SIGNIFICANT EXPOSURE TO LITIGATION PURSUANT TO PARAGRAPH (2) OR (3) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9 (NUMBER OF POTENTIAL CASES: 1) 3. ANNUAL PERFORMANCE EVALUATION PURSUANT TO GOVERNMENT CODE SECTION 54957, COUNCIL APPOINTED POSITION – CITY ATTORNEY RECESS TO CLOSED SESSION RECONVENE AT 4:00 P.M. REPORT ON ACTION(S) TAKEN IN CLOSED SESSION CITY COUNCIL AGENDA Page 3 of 9 JULY 19, 2022 PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the City Council on any matter not listed on the agenda pursuant to the “Public Comments – Instructions” listed above. The City Council values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)]. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS 1. TALUS – PROJECT STATUS UPDATE CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. PAGE 1. APPROVE MEETING MINUTES OF CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH THE HOUSING AUTHORITY SPECIAL MEETING DATED JUNE 21, 2022 11 2. APPROVE SPECIAL COUNCIL MEETING MINUTES OF JULY 5, 2022 29 3. AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE CREATIVE LIGHTING & ELECTRICAL, INC., FOR UP TO $50,000 OF ADDITIONAL NON-CONTRACTED MAINTENANCE AND/OR REPAIR ITEMS IN FISCAL YEAR 2022/23 WHEN THEY ARE THE QUALIFIED AND/OR LOWEST BIDDER 37 4. AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE PWLC II, INC. FOR UP TO $100,000 OF ADDITIONAL WORK IN FISCAL YEAR 2022/23, AS A SINGLE SOURCE FOR MEDIAN LANDSCAPE RESTORATION WITHIN THE LIGHTING & LANDSCAPE ASSESSMENT DISTRICT 89-1 AND FOR EXTRA WORK WHEN THEY ARE THE QUALIFIED AND/OR LOWEST BIDDER 39 5. AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE VINTAGE ASSOCIATES, INC FOR UP TO $100,000 OF ADDITIONAL WORK IN FISCAL YEAR 2022/23, AS A SINGLE SOURCE FOR LANDSCAPE RESTORATION WITHIN CITYWIDE PARKS AND FOR EXTRA WORK WHEN THEY ARE THE QUALIFIED AND/OR LOWEST BIDDER 41 CITY COUNCIL AGENDA Page 4 of 9 JULY 19, 2022 6. APPROVE ON-SITE AND OFF-SITE REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENTS FOR AMENDED TRACT MAP NO. 31348, ESTATES AT POINT HAPPY, A RESIDENTIAL DEVELOPMENT LOCATED SOUTH OF HIGHWAY 111 AND WEST OF WASHINGTON STREET 43 7. APPROVE ASSIGNMENT AND ASSUMPTION AGREEMENT AND AMENDMENT TO DEVELOPMENT IMPROVEMENT AGREEMENT FOR AMENDED TRACT MAP NO. 31348, ESTATES AT POINT HAPPY, A RESIDENTIAL DEVELOPMENT LOCATED SOUTH OF HIGHWAY 111 AND WEST OF WASHINGTON STREET 65 8. ACCEPT SILVERROCK RETENTION BASIN SOIL STABILIZATION PROJECT NO. 2020-07, LOCATED AT THE SOUTHEAST CORNER OF AVENUE 52 AND SILVERROCK WAY 75 9. ACCEPT CITYWIDE MISCELLANEOUS AMERICANS WITH DISABILITIES ACT IMPROVEMENTS PROJECT NO. 2021-03 (COMMUNITY DEVELOPMENT BLOCK GRANT PROJECT NO. 4.LQ.42.21) LOCATED AT VARIOUS LOCATIONS ON AVENIDA BERMUDAS 79 10. AWARD CONTRACT TO URBAN HABITAT FOR CONSTRUCTION OF THE LA QUINTA LANDSCAPE RENOVATION IMPROVEMENTS PROJECT NOS. 2016-03F2 & 2016-03F3, LOCATED AT THE LA QUINTA DESERT PRIDE, MARBELLA, AND SIERRA DEL REY DEVELOPMENTS, ON THE SOUTH SIDE OF MILES AVENUE, EAST AND WEST OF ADAMS STREET AND RETENTION BASIN LOCATED AT THE CORNER OF ASHLEY WAY AND DESERT STREAM DRIVE 83 11. AWARD CONTRACT TO URBAN HABITAT FOR CONSTRUCTION OF THE LA QUINTA LANDSCAPE IMPROVEMENTS PROJECT NO. 2016-03G, LOCATED AT THE LA QUINTA X-PARK, ON THE SOUTH SIDE OF WESTWARD HO DRIVE AND EAST SIDE OF DUNE PALMS ROAD 91 12. AUTHORIZE OVERNIGHT TRAVEL FOR THE DESIGN AND DEVELOPMENT DIRECTOR, PLANNING MANAGER, SENIOR AND ASSOCIATE PLANNERS TO ATTEND AMERICAN PLANNING ASSOCIATION CALIFORNIA CHAPTER’S ANNUAL CONFERENCE IN ANAHEIM, CALIFORNIA, OCTOBER 1-4, 2022 99 13. EXCUSE ABSENCE OF COMMISSIONER CALDWELL FROM THE JULY 12, 2022, PLANNING COMMISSION MEETING 101 14. AFFIRM RESOLUTION NO. 2021-035 FINDINGS RELATED TO THE STATE OF EMERGENCY DUE TO COVID-19 AUTHORIZING THE CITY MANAGER 103 CITY COUNCIL AGENDA Page 5 of 9 JULY 19, 2022 TO IMPLEMENT TELECONFERENCE ACCESSIBILITY ONLY WHEN A PUBLIC MEETING OF THE LEGISLATIVE BODY IS HELD VIRTUALLY PURSUANT TO ASSEMBLY BILL 361 (STATS. 2021, CH. 165) 15. APPROVE SHORT-FORM SERVICES AGREEMENTS WITH ACORN TECHNOLOGIES, INC TO PROVIDE TRAFFIC INFRASTRUCTURE INFORMATION TECHNOLOGY SUPPORT SERVICES AND PUBLIC SAFETY CAMERA SYSTEM INFORMATION TECHNOLOGY SUPPORT SERVICES 109 16. APPROVE AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT SERVICES WITH GOVINVEST INC. TO ADD MODULES FOR LABOR COSTING AND FINANCIAL FORECASTING 127 17. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH LH PRODUCTIONS FOR AUDIO/VISUAL SERVICES 133 18. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH SIGNATURE SCULPTURE FOR PREVENTATIVE MAINTENANCE AND REPAIR OF THE CITY’S ART IN PUBLIC PLACES COLLECTION 177 19. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED APRIL 30, 2022 215 20. APPROVE DEMAND REGISTERS DATED JUNE 17 AND 24, 2022 221 21. APPROVE DEMAND REGISTERS DATED JULY 1 AND 8, 2022 239 STUDY SESSION PAGE 1. DISCUSS AMENDED AND RESTATED RULES OF PROCEDURE FOR PUBLIC MEETINGS AND RELATED FUNCTIONS AND ACTIVITIES OF THE CITY COUNCIL 253 2. DISCUSS SHORT-TERM VACATION RENTAL PROGRAM CHARACTERISTICS, COMPLIANCE, AND ENFORCEMENT OVERVIEW FOR 2021 AND FIRST HALF OF 2022 CALENDAR YEARS; AND POTENTIAL FISCAL AND ECONOMIC IMPACTS OF THE INITIATIVE MEASURE ENTITLED “PHASE-OUT AND PERMANENT BAN OF NON-HOSTED SHORT-TERM VACATION RENTALS IN NON-EXEMPT AREAS OF THE CITY OF LA QUINTA,” BY DECEMBER 31, 2024, TO THE CITY’S OPERATIONS AND BUDGET PROJECTIONS 277 CITY COUNCIL AGENDA Page 6 of 9 JULY 19, 2022 BUSINESS SESSION PAGE 1. APPOINT UP TO TWO MEMBERS OF THE CITY COUNCIL TO PREPARE WRITTEN ARGUMENTS FOR OR AGAINST, AND REBUTTAL ARGUMENTS, ON BEHALF OF THE CITY COUNCIL, RELATED TO THE INITIATIVE ORDINANCE AND BALLOT MEASURE PROPOSING THE PHASE-OUT AND PERMANENT BAN OF NON-HOSTED SHORT-TERM VACATION RENTALS, AS DEFINED, IN NON-EXEMPT AREAS OF THE CITY OF LA QUINTA BY DECEMBER 31, 2024 295 2. INTRODUCE AN ORDINANCE AMENDING CHAPTER 2.60 OF THE LA QUINTA MUNICIPAL CODE RELATING TO THE CONFLICT OF INTEREST CODE, AND APPROVE THE CALIFORNIA FAIR POLITICAL PRACTICES COMMISSION’S 2022 LOCAL AGENCY BIENNIAL NOTICE [ORDINANCE NO. 600] 299 3. APPROVE PILLARS OF THE COMMUNITY AND DISTINGUISHED ARTISTS AND ATHLETES NOMINATIONS 309 4. RECEIVE AND FILE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR YEAR ENDED JUNE 30, 2021 329 PUBLIC HEARINGS – 5:00 p.m. or shortly thereafter For all Public Hearings on the agenda, a completed “Request to Speak” form must be filed with the City Clerk prior to consideration of that item. A person may submit written comments to City Council before a public hearing or appear in support or opposition to the approval of a project(s). If you challenge a project(s) in court, you may be limited to raising only those issues you or someone else raised at the public hearing or in written correspondence delivered to the City at, or prior to the public hearing. PAGE 1. INTRODUCE FOR FIRST READING ORDINANCES APPROVING ZONE CHANGE 2022-0001, ADDING THE AFFORDABLE HOUSING OVERLAY (AHO) TO SPECIFIC PARCELS IDENTIFIED IN THE HOUSING ELEMENT; AND ZONING ORDINANCE AMENDMENT 2022-0001, MAKING TEXT AMENDMENTS NECESSARY FOR CONSISTENCY WITH THE HOUSING ELEMENT. CEQA: REQUEST HAS BEEN PREVIOUSLY ANALYZED AS PART OF ENVIRONMENTAL ASSESSMENT 2021-0010. LOCATION: CITY-WIDE [ORDINANCE NOS. 601 AND 602] 515 CITY COUNCIL AGENDA Page 7 of 9 JULY 19, 2022 2. CONTINUED FROM JUNE 21, 2022 ADOPT RESOLUTION TO APPROVE STREET NAME CHANGES OF (1) SILVERROCK WAY TO TALUS WAY AND (2) AHMANSON LANE TO PAINTED PEAK LANE; CEQA: DESIGN AND DEVELOPMENT DEPARTMENT HAS DETERMINED THE PROJECT IS EXEMPT FROM CEQA UNDER THE PROVISIONS OF SECTION 15061(b)(3) COMMON SENSE RULE; LOCATION: SILVERROCK WAY AND AHMANSON LANE (PROJECT: SNC 2022-0002) [RESOLUTION NO. 2022-026] 695 DEPARTMENTAL REPORTS 1. CITY MANAGER 2. CITY ATTORNEY 3. CITY CLERK 4. COMMUNITY RESOURCES 5. DESIGN AND DEVELOPMENT 6. FINANCE 7. PUBLIC WORKS – QUARTERLY REPORT APRIL – JUNE 2022 709 MAYOR’S AND COUNCIL MEMBERS’ ITEMS 1. CVAG CONSERVATION COMMISSION (Evans) 2. CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE (Evans) 3. CVAG EXECUTIVE COMMITTEE (Evans) 4. GREATER PALM SPRINGS CONVENTION AND VISITORS BUREAU (Evans) 5. IMPERIAL IRRIGATION DISTRICT – COACHELLA VALLEY ENERGY COMMISSION (Evans) 6. LEAGUE OF CALIFORNIA CITIES DELEGATE (Evans) 7. COACHELLA VALLEY WATER DISTRICT JOINT POLICY COMMITTEE (Evans) 8. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (Evans) 9. ECONOMIC DEVELOPMENT SUBCOMMITTEE (Evans & Fitzpatrick) 10. COACHELLA VALLEY MOUNTAINS CONSERVANCY (Fitzpatrick) 11. DESERT RECREATION DISTRICT COMMITTEE (Fitzpatrick & Radi) 12. COACHELLA VALLEY UNIFIED SCHOOL DISTRICT COMMITTEE (Fitzpatrick & Peña) 13. RIVERSIDE COUNTY TRANSPORTATION COMMISSION (Fitzpatrick) 14. SILVERROCK EVENT SITE AD HOC COMMITTEE (Fitzpatrick) 15. CANNABIS AD HOC COMMITTEE (Peña and Sanchez) 16. CVAG PUBLIC SAFETY COMMITTEE (Peña) 17. CVAG VALLEY-WIDE HOMELESSNESS COMMITTEE (Peña) 18. GREATER CV CHAMBER OF COMMERCE INFORMATION EXCHANGE COMMITTEE (Peña) 19. LEAGUE OF CALIFORNIA CITIES – PUBLIC SAFETY POLICY COMMITTEE (Peña) 20. IMPERIAL IRRIGATION DISTRICT – ENERGY CONSUMERS ADVISORY COMMITTEE (Peña) CITY COUNCIL AGENDA Page 8 of 9 JULY 19, 2022 21. COACHELLA VALLEY MOSQUITO AND VECTOR CONTROL DISTRICT (Peña) 22. COVID-19 SMALL BUSINESS EMERGENCY ECONOMIC RELIEF PROGRAM AD HOC COMMITTEE (Peña and Radi) 23. CVAG TRANSPORTATION COMMITTEE (Radi) 24. SUNLINE TRANSIT AGENCY (Radi) 25. CITYWIDE SECURITY CAMERAS AD HOC COMMITTEE (Radi) 26. DESERT SANDS UNIFIED SCHOOL DISTRICT COMMITTEE (Radi & Sanchez) 27. ANIMAL CAMPUS COMMISSION (Sanchez) 28. LEAGUE OF CALIFORNIA CITIES – TRANSPORTATION, COMMUNICATION AND PUBLIC WORKS POLICY COMMITTEE (Sanchez) 29. RIVERSIDE LOCAL AGENCY FORMATION COMMISSION (Sanchez) 30. FINANCING AUTHORITY SPECIAL MEETING MINUTES OF JUNE 21, 2022 713 31. PLANNING COMMISSION MEETING MINUTES DATED OCTOBER 26, 2021 715 32. PLANNING COMMISSION MEETING MINUTES DATED JANUARY 11, 2022 721 33. PLANNING COMMISSION MEETING MINUTES DATED JANUARY 25, 2022 729 REPORTS AND INFORMATIONAL ITEMS ADJOURNMENT ********************************* The next regular meeting of the City Council will be held on August 2, 2022 at 4:00 p.m. at the City Hall Council Chambers, 78495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Monika Radeva, City Clerk, of the City of La Quinta, do hereby declare that the foregoing Agenda for the La Quinta City Council meeting was posted on the City’s website, near the entrance to the Council Chambers at 78495 Calle Tampico, and the bulletin boards at the Stater Brothers Supermarket at 78630 Highway 111, and the La Quinta Cove Post Office at 51321 Avenida Bermudas, on July 15, 2022. DATED: July 15, 2022 MONIKA RADEVA, City Clerk City of La Quinta, California CITY COUNCIL AGENDA Page 9 of 9 JULY 19, 2022 Public Notices  The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk’s office at (760) 777- 7123, twenty-four (24) hours in advance of the meeting and accommodations will be made.  If background material is to be presented to the City Council during a City Council meeting, please be advised that 15 copies of all documents, exhibits, etc., must be supplied to the City Clerk for distribution. It is requested that this takes place prior to the beginning of the meeting.  Any writings or documents provided to the City Council regarding any item(s) on this agenda will be made available for public inspection at the City Clerk’s counter at City Hall located at 78495 Calle Tampico, La Quinta, California, 92253, during normal business hours. MINUTES Page 1 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING CITY COUNCIL AND HOUSING AUTHORITY MINUTES TUESDAY, JUNE 21, 2022 CALL TO ORDER A regular meeting of the La Quinta City Council was called to order at 3:00 p.m. by Mayor Evans. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans ABSENT: None STAFF PRESENT: City Manager/Executive Director McMillen, City Attorney/Authority Counsel Ihrke, City Clerk/Authority Secretary Radeva, Acting Deputy City Clerk McGinley, Director of Business Unit and Housing Development Villalpando, Marketing Manager Graham, Community Resources Director Escobedo, Community Resource Manager Calderon, Management Analyst Calderon, Human Resources Analyst Triplett, Public Works Director/City Engineer McKinney, Management Analyst Mignogna, Management Analyst Hansen, Finance Director Martinez, Financial Services Analyst Hallick, Management Analyst Kinley, Design and Development Director Castro, Planning Manager Flores, Senior Planner Flores, Code Compliance Supervisor Meredith. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None. CONFIRMATION OF AGENDA City Clerk Radeva said City Attorney Ihrke will provide a verbal announcement on Consent Calendar Item No. 12 regarding the salaries and fringe benefits of the City’s executive employees pursuant to Government Code § 54953(c)(3) [Brown Act]. Council concurred. CONSENT CALENDAR ITEM NO. 1 11 MINUTES Page 2 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING CALL TO ORDER – HOUSING AUTHORITY SPECIAL MEETING A special meeting of the La Quinta Housing Authority was called to order at 3:01 p.m. by Chairperson Sanchez. ROLL CALL: Authority Members: Evans, Fitzpatrick, Radi, Peña, and Chairperson Sanchez VERBAL ANNOUNCEMENT – AB 23 [AUTHORITY SECRETARY] CONFIRMATION OF AGENDA – HOUSING AUTHORITY – Confirmed PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – HOUSING AUTHORITY – None CHAIRPERSON SANCHEZ ASKED MAYOR EVANS TO ACT AS PRESIDING OFFICER FOR THE HOUSING AUTHORITY FOR THE REMAINDER OF THE SPECIAL MEETING; MAYOR EVANS CONCURRED AND ASSUMED PRESIDING OFFICER RESPONSIBILITIES CLOSED SESSION – CITY COUNCIL AND HOUSING AUTHORITY 1. City Council: CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION – PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (D) OF SECTION 54956.9 OF THE GOVERNMENT CODE. NAME OF CASE: CITY OF LA QUINTA, PETITIONER, V. LA QUINTA ARTS FOUNDATION, RESPONDENT, USPTO TRADEMARK TRIAL AND APPEAL BD., CANCELLATION CASE NO.: 92076446. NAME OF CASE: LA QUINTA ARTS FOUNDATION, PLAINTIFF, V. CITY OF LA QUINTA, DEFENDANT, US DIST. COURT, CENTRAL DISTRICT OF CAL., CASE NO. 5:21-CV-515 CITY NEGOTIATOR: JON MCMILLEN, CITY MANAGER PROPERTY OWNER: CITY OF LA QUINTA UNDER NEGOTIATION: PRICE AND TERMS OF PAYMENT AND/OR DISPOSITION OF THE PROPERTY IDENTIFIED 2. City Council: CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6; CITY REPRESENTATIVE: CHRIS ESCOBEDO, COMMUNITY RESOURCES DIRECTOR; AND EMPLOYEE ORGANIZATION: LA QUINTA CITY EMPLOYEES’ ASSOCIATION 12 MINUTES Page 3 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING 3. Housing Authority: CONFERENCE WITH REAL PROPERTY NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54956.8 FOR VACANT PROPERTY LOCATED AT THE SOUTHEAST SECTION OF AVENIDA VILLA AND CALLE SONORA (APN: 773- 233-019) NEGOTIATOR: JON MCMILLEN, EXECUTIVE DIRECTOR NEGOTIATING PARTY: LUCAS CORONEL UNDER NEGOTIATION: PRICE AND TERMS OF PAYMENT COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETINGS AND MOVED INTO CLOSED SESSION AT 3:03 P.M. MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH THE HOUSING AUTHORITY SPECIAL MEETING AT 4:00 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION – CITY COUNCIL AND HOUSING AUTHORITY: City Attorney/Authority Counsel Ihrke reported no actions were taken on Closed Session Items that require reporting pursuant to Government Code section 54957.1 (Brown Act). PLEDGE OF ALLEGIANCE Councilmember Peña led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA PUBLIC SPEAKER IN-PERSON: Kevin White, La Quinta – spoke in opposition to the proposed housing developments at Washington Street and Avenue 50 and the proposed zone change. PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Alena Callimanis, La Quinta – provided a hand-out and spoke about the current drought; the Colorado River mega-drought; the Coachella Valley Water District water allocations; and in opposition to the Coral Mountain Resort project. Ms. Callimanis’ hand-out was distributed to Council, made publicly available, and included in the public record for this meeting. 13 MINUTES Page 4 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS 1. LIFESTREAM BLOOD BANK PRESENTATION BY DIRECTOR OF DONOR RECRUITMENT MICHAEL McDANIEL – 10TH ANNUAL NINE-CITIES BLOOD DRIVE CHALLENGE 2022 Michael McDaniel, Director of Donor Recruitment with LifeStream Blood Bank, spoke of the importance of the nine-cities challenge blood drive slated for July 16, 2022, from 8:30 a.m. to 2:30 p.m., at the La Quinta Wellness Center; the current blood supply deficit; requested that City Officials lend their voices to encourage donations; and provided information on how the public can donate. Martin Arredondo, Regional Account Manager with LifeStream Blood Bank, said the City of La Quinta has the most people signed up to donate blood during the blood drive, including 29 students from the La Quinta High School. 2. TALUS PROJECT STATUS UPDATE Robert Green, President of the Robert Green Co. provided a detailed presentation on the project’s overall progress and sequence of activities onsite for 1) Montage Hotel and Spa, 2) Montage Guestrooms, 3) Montage Residences, 4) Conference and Shared Services Building, 5) Golf Clubhouse, 6) Pendry Residences, and 7) Pendry Hotel. Council discussed timing for starting to market and book the site for conferences; and Talus marketing staff to work with City marketing staff. 3. INTRODUCE NEW AND PROMOTED CITY STAFF MEMBERS City Manager McMillen introduced the following new and promoted City employees: New Hires:  Florangelica Coyote, Recreation Leader  Joseph Tucker, Recreation Leader  Luis Regalado, Parks Maintenance Worker I  Jose Delgado, Administrative Assistant  Bob Bland, Building Inspector I  Virginia Ortega, Accounting Manager  Dana Lagunas, Senior Emergency Management Coordinator  Johnny Aguirre, Parks Maintenance Worker I Promotion:  Jake Fuson, Senior Building Inspector/Plans Examiner 14 MINUTES Page 5 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING Council welcomed all employees into the La Quinta family and expressed their gratitude for their service. 4. PROCLAMATION RECOGNIZING RIVERSIDE COUNTY FIRE DEPARTMENT BATTALION CHIEF BONIFACIO DE LA CRUZ FOR HIS PUBLIC SERVICE Fire Chief White spoke of Battalion Chief De La Cruz’ years of service; Chief De La Cruz spoke of his work history with the Department and his plans for the future. Mayor Evans and the City Council congratulated Mr. De La Cruz on his retirement; and said he will be presented with a revised proclamation in recognition of his public service. CONSENT CALENDAR – CITY COUNCIL AND HOUSING AUTHORITY 1. APPROVE MEETING MINUTES OF CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING DATED JUNE 7, 2022 MOTION – A motion was made and seconded by Councilmembers/Authority Members Peña/Radi to approve Consent Calendar Item No. 1 as submitted. Motion passed unanimously. CONSENT CALENDAR – CITY COUNCIL 2. AUTHORIZE OVERNIGHT TRAVEL FOR FOUR COUNCILMEMBERS, CITY MANAGER, CITY CLERK, AND TWO DIRECTORS TO ATTEND THE LEAGUE OF CALIFORNIA CITIES ANNUAL CONFERENCE IN LONG BEACH, CALIFORNIA, SEPTEMBER 7 – 9, 2022 3. APPROVE AGREEMENTS FOR CONTRACT SERVICES WITH TKE ENGINEERING, INC AND ERIC NELSON DBA RASA TO PROVIDE ON-CALL MAP CHECKING SERVICES 4. APPROVE MEMORANDUM OF UNDERSTANDING WITH DESERT SANDS UNIFIED SCHOOL DISTRICT FOR PARTIAL FUNDING OF TWO SCHOOL RESOURCE OFFICERS 5. APPROVE JOINT USE OF FACILITY AND SERVICES AGREEMENT WITH THE BOYS AND GIRLS CLUB OF COACHELLA VALLEY 6. APPROVE AMENDMENT NO. 1 TO MEMORANDUM OF UNDERSTANDING BETWEEN THE CITIES OF LA QUINTA, INDIO, AND COACHELLA, EXTENDING THE TERM FOR ONE ADDITIONAL 15 MINUTES Page 6 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING YEAR THROUGH 2022/23 AND APPROPRIATED BUDGET, TO SHARE THE ACQUISITION COST OF A LADDER TRUCK 7. APPROVE AMENDMENT NO. 5 TO GOLF COURSE MANAGEMENT AGREEMENT WITH LANDMARK GOLF MANAGEMENT, LLC FOR SILVERROCK GOLF COURSE MANAGEMENT SERVICES 8. ADOPT RESOLUTION TO APPROVE AMENDMENT NO. 2 EXTENDING THE TERMS AND CONDITIONS OF THE MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF LA QUINTA AND THE LA QUINTA CITY EMPLOYEES’ ASSOCIATION [RESOLUTION NO. 2022-021] 9. ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2022/23 INVESTMENT POLICY [RESOLUTION NO. 2022-022] 10. APPROVE DEMAND REGISTERS DATED JUNE 3 AND 10, 2022 11. AUTHORIZE CITY PAYMENT OF OUTSTANDING BALANCE TO COACHELLA VALLEY WATER DISTRICT FOR SILVERROCK WAY STREET IMPROVEMENTS PROJECT NO. 2014-13 12. APPROVE CITY MANAGER EMPLOYMENT AGREEMENT CONSENT CALENDAR ITEM NO. 12 – Verbal Announcement by City Attorney Ihrke regarding City Manager/Executive Employee Compensation: Prior to the consideration or action on Consent Calendar Item No. 12 regarding the City Manager’s Employment Agreement, City Attorney Ihrke made this verbal announcement in accordance with Government Code Section 54953, subdivision (c)(3) [Brown Act)], which provides that, prior to taking final action, the legislative body shall have a verbal report of a summary of a recommendation for a final action on the salary, salary schedule, or compensation paid in the form of fringe benefits of any local agency executive, as defined by Government Code Section 3511.1, subdivision (d), during the open meeting in which the final action is to be taken. The City Manager is such an executive employee, and as noted in the Staff Report, there is no change in the City Manager’s salary or benefits from the Council’s prior action in 2021 setting the current terms and conditions for compensation of the City Manager. Mr. McMillen’s current contract will expire effective June 30, 2022, and per the Council’s direction, the proposed agreement will extend his employment term for 3 years. 16 MINUTES Page 7 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING With that background, the following information is provided to satisfy the verbal reporting requirement in Government Code Section 54953(c)(3): 1) The City Manager’s annual salary is $219,730, with possibility for a merit-based bonus, based on identified metrics, not to exceed $10,000 annually, 2) The City Manager, like other City employees, is eligible for the citywide health benefit cap of $ 1,832.01 per month-per employee, and 3) A $200 Annual Wellness Dollar benefit per fiscal year. COUNCIL COMMENTS ON CONSENT CALENDAR ITEMS: Item No. 4 Councilmember Sanchez and Mayor Evans commented on the importance of the City’s partnership with Desert Sands Unified School District, and the value and safety provided by the School Resources Officer positions. Item No. 7 Mayor Evans commended Landmark Golf Management, LLC. for their great service in managing the SilverRock Resort and their dedication to the community. MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/Sanchez to approve the Consent Calendar as recommended, with Item Nos. 8 and 9 adopting Resolutions No. 2022-021 and 2022-022, respectively. Motion passed unanimously. BUSINESS SESSION – CITY COUNCIL AND HOUSING AUTHORITY 1. City Council and Housing Authority: INTERVIEW AND APPOINT RESIDENTS TO SERVE ON THE CITY’S FINANCIAL ADVISORY AND HOUSING COMMISSIONS Council waived presentation of the staff report, which is on file in the City Clerk’s Office. Mayor Evans thanked all applicants for their willingness to serve the City and explained the process the Council follows in conducting interviews and appointing members. 1) FINANCIAL ADVISORY COMMISSION (OPEN: 2 VACANCIES) The following applicants gave a brief presentation of their experience and qualifications:  George Batavick 17 MINUTES Page 8 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING  Lynne Langdon  Justin Luettjohann  Louise Oppenheim Results of the ballot vote: Councilmember Fitzpatrick: George Batavick for a full term and Justin Luettjohann for the unexpired term Councilmember Peña: George Batavick for a full term and Justin Luettjohann for the unexpired term Councilmember Radi: George Batavick for a full term and Justin Luettjohann for the unexpired term Councilmember Sanchez: George Batavick for a full term and Justin Luettjohann for the unexpired term Mayor Evans: George Batavick for a full term and Justin Luettjohann for the unexpired term MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/Sanchez to appoint George Batavick to serve on the Financial Advisory Commission for a full three-year term from July 1, 2022 to June 30, 2025; and Justin Luettjohann to serve on the Financial Advisory Commission for an unexpired term ending June 30, 2024. Motion passed unanimously. 2) HOUSING COMMISSION (OPEN: 1 VACANCY) The following applicants gave a brief presentation of their experience and qualifications:  Capri Chapman  Patti Hawker Applicant Michael Romersa was not present at the meeting to interview; thus, his application was withdrawn from consideration. Results of the ballot vote: Authority Member Fitzpatrick: Capri Chapman Authority Member Peña: Capri Chapman Authority Member Radi: Capri Chapman Authority Member Evans: Capri Chapman Chairperson Sanchez: Capri Chapman 18 MINUTES Page 9 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING MOTION – A motion was made and seconded by Authority Members Fitzpatrick/Sanchez to appoint Capri Chapman to serve on the Housing Commission for a non-tenant, unexpired term ending June 30, 2024. Motion passed unanimously. MAYOR EVANS CALLED FOR A BRIEF RECESS AT 5:59 P.M. MAYOR EVANS RECONVENED THE CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH THE HOUSING AUTHORITY SPECIAL MEETING AT 6:05 P.M. WITH ALL MEMBERS PRESENT 2. City Council: APPROVE THIRD ROUND COMMUNITY SERVICES GRANTS FOR FISCAL YEAR 2021/22 Community Resource Manager Calderon presented the staff report, which is on file in the Clerk’s Office. The following IN-PERSON PUBLIC SPEAKERS spoke about the services their respective organizations offer:  Pamela Bieri, Grant Writer with First Tree Coachella Valley  Lupita Garza, Program Coordinator for Variety – The Children’s Charity of the Desert  Tammy Martin, Executive Director of Friends of the Desert Mountains Council discussed the “Caring Connections” free screening from birth to age five program offered by The Children’s Charity of the Desert; the goal of the program is to help parents in the Coachella Valley identify and recognize early childhood development concerns and provide them with the appropriate resources that can help overcome challenges and set their children on a path to success; and the ability for the Friends of the Desert Mountains to reapply for the City’s community services grant in the next round and other available grant opportunities. MOTION – A motion was made and seconded by Councilmembers Peña/Radi to approve the third round Community Services Grants for a total of $11,000 for fiscal year 2021/22 as follows:  Angel View, Inc. $ 500  Desert Recreation Foundation $ 500  First Tee – Coachella Valley $5,000  Variety – The Children’s Charity of the Desert $5,000 Motion passed unanimously. PUBLIC HEARINGS – 5:00 p.m. or shortly thereafter 19 MINUTES Page 10 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING 1. ADOPT RESOLUTION TO CONFIRM THE ASSESSMENT AND DISTRICT DIAGRAM FOR THE 2022/23 LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1 (L&L AD 89-1) [RESOLUTION NO. 2022-023] Public Works Management Analyst Hansen presented the staff report, which is on file in the Clerk’s Office. MAYOR EVANS DECLARED THE PUBLIC HEARING OPEN AT 6:26 P.M. PUBLIC SPEAKER: None Council discussed the City subsidies to maintain the L&L AD 89-1 because the $35.60 collected since 1997 does not generate sufficient funds to cover the maintenance costs; the $35.60 assessment stays the same year after year and does not adjust for inflation or rising costs; and raising the fees would require approval by two-thirds of La Quinta voters, and if it failed on the ballot, the assessment would be reduced to zero with 100% of the cost then drawn from the City’s budget. MAYOR EVANS DECLARED THE PUBLIC HEARING CLOSED AT 6:27 P.M. MOTION – A motion was made and seconded by Councilmembers Radi/ Sanchez to adopt Resolution No. 2022-023 confirming the assessment and district diagram for the Landscape and Lighting Assessment District 89-1 for fiscal year 2021/22, pursuant to the Engineer’s report: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, CONFIRMING THE DIAGRAM AND ASSESSMENTS FOR FISCAL YEAR 2022/2023 LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1 (PURSUANT TO THE LANDSCAPE AND LIGHTING ACT OF 1972) Motion passed unanimously. 2. ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2022/23 THROUGH 2026/27 CAPITAL IMPROVEMENT PROGRAM [RESOLUTION NO. 2022-024] Public Works Management Analyst Mignogna presented the staff report, which is on file in the Clerk’s Office. Council discussed the replacement of two damaged (leaning) La Quinta Park field lights with more efficient fixtures measuring 70-80 feet high; Jefferson Street and Highway 111 street improvements timing; Highway 111 Corridor 20 MINUTES Page 11 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING Plan updated schedule; geotechnical bores planned along Highway 111; and the amount of funds from Measure A and SB1 used for City projects, and those funds being under threat of diversion by State lawmakers. MAYOR EVANS DECLARED THE PUBLIC HEARING OPEN AT 6:42 P.M. PUBLIC SPEAKER: None MAYOR EVANS DECLARED THE PUBLIC HEARING CLOSED AT 6:42 P.M. MOTION – A motion was made and seconded by Councilmembers Radi/ Sanchez to adopt Resolution No. 2022-024 approving the 2022/23 through 2026/27 Capital Improvement Program as recommended: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING THE FISCAL YEAR 2022/2023 THROUGH 2026/2027 CAPITAL IMPROVEMENT PROGRAM Motion passed unanimously. 3. ADOPT RESOLUTION TO APPROVE STREET NAME CHANGES OF (1) SILVERROCK WAY TO TALUS WAY AND (2) AHMANSON LANE TO PAINTED PEAK LANE; CEQA: DESIGN AND DEVELOPMENT DEPARTMENT HAS DETERMINED THE PROJECT IS EXEMPT FROM CEQA UNDER THE PROVISIONS OF SECTION 15061(b)(3) COMMON SENSE RULE; LOCATION: SILVERROCK WAY (PROJECT: SNC 2022-0002) Senior Planner Flores presented the staff report, which is on file in the Clerk’s Office. MAYOR EVANS DECLARED THE PUBLIC HEARING OPEN AT 6:44 P.M. PUBLIC SPEAKER: None Mayor Evans said WRITTEN PUBLIC COMMENTS were received from Kay Wolff, La Quinta, opposing the proposed street name change for Ahmanson Lane. Ms. Wolff’s written comments were distributed to Council, made publicly available, and included in the record of this meeting. Council discussed that remanding the project back to the Planning Commission would allow the applicant to attend the meeting and have a discussion, as he was not able to attend the Planning Commission Public Hearing held on May 24, 2022; honoring the history of the Ahmanson Ranch on the site in some way; and bringing this item back to Council by July 19, 2022. 21 MINUTES Page 12 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING THE PUBLIC HEARING REMAINED OPEN MOTION: A motion was made and seconded by Councilmembers Fitzpatrick/ Radi to: 1) Remand Street Name Change 2022-0002, proposing to change SilverRock Way to Talus Way and Ahmanson Lane to Painted Peak Lane, back to the Planning Commission on its July 12, 2022 meeting agenda, to allow the applicant the opportunity to present information about the request and address the Commission’s comments related to the application; 2) Direct the Planning Commission to submit for Council review a supplement to its recommendation or a new recommendation, in light of the applicant’s information and responses to the Commission’s comments; and 3) Continue this Public Hearing until the Council’s July 19, 2022, regular meeting, at which time the Council will consider the application and the recommendation, including any supplement or new recommendation, submitted by the Commission. Motion passed unanimously. BUSINESS SESSION – CITY COUNCIL AND HOUSING AUTHORITY – Continued 3. City Council: APPROVE FISCAL YEAR 2022/23 MARKETING STRATEGIES AND AGREEMENT FOR CONTRACT SERVICES FOR MARKETING WITH MADDEN MEDIA Marketing Manager Graham presented the staff report, which is on file in the Clerk’s Office. Madden Media CEO Daniel Janes and Vice President Kristin Dialessi provided additional information. Council discussed the cost increase in media buys; the cost and frequency of social media boosts; boosts to be transferred to Madden Media; geo-fencing of events; recognition that additional marketing is done by Landmark Golf Management regarding the SilverRock golf course for which the City pays $150,000; California clients of Madden Media; Madden Media being a destination marketing agency, meaning it concentrates on clients that move people; services within the “creative production marketing technology” section; collaboration with the Montage when it opens; remote and onsite availability of Madden Media staff; Madden Media’s draw to La Quinta; gaps in the current marketing plan; community outreach being the goal this year; post-recession, focusing on drawing tourist; maintaining Average Daily Rates (ADRs); outsourcing of creative production services – the desire to hire locally; inhouse media buys; attracting small corporate tourist groups; aligning 22 MINUTES Page 13 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING economic development, education, and marketing efforts to attract future residents/workforce/entrepreneurs; updating the City’s tourism website; collaboration and dual/cross marketing with La Quinta and area entities; and the importance of monthly communication with residents and local businesses. MOTION – A motion was made and seconded by Councilmembers Peña/ Sanchez to approve fiscal year 2022/23 marketing strategies and an agreement for contract services for marketing with Madden Media for an amount not to exceed $725,000; and authorize the City Manager to execute the agreement. Motion passed unanimously. 4. City Council: APPROVE MEMORANDUM OF UNDERSTANDING WITH GREATER COACHELLA VALLEY CHAMBER OF COMMERCE (CHAMBER) Council waived presentation of the staff report, which is on file in the Clerk’s Office. PUBLIC SPEAKER: Emily Falappino, President/CEO with the Chamber – provided the results of the Chamber’s survey regarding the Gem magazine from the perspective of residents, local businesses, and advertisers; and suggestions for the future based on survey results. Council discussed survey responders desire for monthly Gem publication; users lack of knowledge that the Gem is available digitally; satisfying businesses’ demand for additional copies; regaining past advertisers via starting prices/ads; need for advertising to be repeated to be effective; possibility of imbedded video via a QRC code or something unique to provide an incentive to access the digital publication; the importance of a consistent, quality, identifiable look of the Gem; survey being ongoing with final results from the 50 responders in each category to be distributed to Council; the survey to be issued again after changes are made to the publication; and exploring the possibility of including in the Community Grant Program, the granting of ad space in the Gem to eligible non-profits. MOTION – A motion was made and seconded by Councilmembers Radi/ Sanchez to approve a Memorandum of Understanding, as amended (see City Attorney’s corrections below) with the Greater Coachella Valley Chamber of Commerce for fiscal year 2022/23 for publications and events to support business development, retention, and tourism; and authorize the City Manager to execute the Memorandum of Understanding. Motion passed unanimously. City Attorney Ihrke noted that two corrections to the MOU are necessary: 23 MINUTES Page 14 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING a) Date correction on page 329 to the election date of November 8, 2022, and; b) Removal of the reference to Measure G which is no longer relevant. 5. City Council: APPROVE SILVERROCK RESORT 2022/23 ANNUAL PLAN Public Works Director/City Engineer McKinney presented the staff report, which is on file in the Clerk’s Office. SilverRock Golf Course Director Randy Duncan of Landmark Golf Management presented additional information. Council discussed credit card transaction fees; course being at its maximum round capacity; tee time allocation for residents; increased rounds equate to increased maintenance; “walk-the-rock” being an evening nine-hole round for residents; the existence of budget short-fall even though rounds are at maximum capacity; expectation for profit this fiscal year; results of foot golf pilot program; possible locations for disc golf pilot program; number of resident card holders; construction alerts and interference regarding Talus project; redoing of 16th green due to blowing construction sand; food and beverage sales being down due to construction; possibility of bringing in mobile food trucks; and current cost to replace a green being approximately $30,000 when completed inhouse instead of contracted. MOTION – A motion was made and seconded by Councilmembers Peña/ Fitzpatrick to approve the SilverRock Resort 2022/23 Annual Plan as submitted. Motion passed unanimously. MAYOR EVANS CALLED FOR A BRIEF RECESS AT 8:20 P.M. MAYOR EVANS RECONVENED THE CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH THE HOUSING AUTHORITY SPECIAL MEETING AT 8:46 P.M. WITH ALL MEMBERS PRESENT 6. City Council: ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2022/23 BUDGET AND ESTABLISH THE CITY’S APPROPRIATION LIMIT [RESOLUTION NO. 2022-025] Finance Director Martinez presented the staff report, which is on file in the Clerk’s Office. Council discussed the formula used by the State in setting appropriation limits; appropriating Measure G funds to cover the annual deficit in the Landscape and Lighting District fund; allocating a portion of the surplus for the purchase of a new Christmas Tree for the annual lighting event; and carrying over the excess, unused Community Grant funds. 24 MINUTES Page 15 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING MOTION – A motion was made and seconded by Councilmembers Radi/ Sanchez to adopt Resolution No. 2022-025 approving the Fiscal Year 2022/23 Budget and establishing the City’s appropriation limits, as recommended: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ESTABLISHING THE CITY’S APPROPRIATION LIMIT FOR FISCAL YEAR 2022/23 AND APPROVING A BUDGET FOR FISCAL YEAR 2022/23 Motion passed unanimously. 7. Housing Authority: ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2022/23 LA QUINTA HOUSING AUTHORITY BUDGET [RESOLUTION NO. HA 2022-003] Finance Director Martinez presented the staff report, which is on file in the Clerk’s Office. MOTION – A motion was made and seconded by Authority Members Peña/Fitzpatrick to adopt Resolution No. HA 2022-003 approving Fiscal Year 2022/23 Housing Authority Budget, as recommended: A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING FISCAL YEAR 2022/23 BUDGET Motion passed unanimously. ADJOURNMENT – HOUSING AUTHORITY There being no further business, a motion was made and seconded by Authority Members Radi/Sanchez to adjourn this special meeting at 9:05 p.m. Motion passed unanimously. 8. City Council: RECEIVE AND FILE FISCAL YEAR 2021/22 BUDGET UPDATE REPORT AND APPROVE THE RECOMMENDED BUDGET ADJUSTMENTS Financial Services Analyst Hallick presented the staff report, which is on file in the Clerk’s Office. MOTION – A motion was made and seconded by Councilmembers Peña/Radi to receive and file fiscal year 2021/22 Budget Update Report and approve the recommended budget adjustments. Motion passed unanimously. 9. City Council: AFFIRM RESOLUTION NO. 2021-035 FINDINGS RELATED TO THE STATE OF EMERGENCY DUE TO COVID-19 AUTHORIZING THE CITY MANAGER TO IMPLEMENT 25 MINUTES Page 16 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING TELECONFERENCE ACCESSIBILITY TO CONDUCT PUBLIC MEETINGS WHEN NECESSARY PURSUANT TO ASSEMBLY BILL 361 (STATS. 2021, CH. 165) City Clerk Radeva presented the staff report, which is on file in the Clerk’s Office. Council discussed the importance of in-person public comments, testimony and decorum of La Quinta community culture; and that technology can enable but it can also impede proceedings. MOTION – A motion was made and seconded by Councilmembers Radi/ Fitzpatrick to affirm Resolution No. 2021-035 findings related to the state of emergency due to COVID-19 authorizing the City Manager to implement Assembly Bill 361 (Stats. 2021, CH. 165) teleconference procedures and accessibility for conducting public meetings, but notices of City legislative body meetings and agendas will include teleconference instructions and ability to participate by teleconference only when such AB 361 procedures are applied. Motion passed unanimously. STUDY SESSION 1. DISCUSS LA QUINTA CULTURAL CAMPUS MASTER PLANNING AND PRELIMINARY DESIGN DEVELOPMENT PROGRESS PROJECT NO. 2019-01 Public Works Management Analyst Mignogna presented the staff report, which is on file in the Clerk’s Office. City Consultant Matthew Austin, Project Designer with architecture and engineering firm HGA Los Angeles, provided additional information. Council discussed evaluating the casita building for earthquake standards; the lumberyard building also being a seismic concern; HGA to conduct a seismic analysis; the need for storage and administrative office space; new entrances to the project through the shop; engaging the community as a whole, not just stakeholders; visibility through and around the project for usability and safety; importance of adopting a cohesive design for the entire project along with an implementation timeline – cannot be a piece-meal project; moving forward with areas 1A, 1B, and 2, and preserving area 3 for future park space; designing areas 1A, 1B and 2 with future connectivity to area 3 in mind; conceptual design options if lumberyard is demolished; determining if the lumberyard building will be added to the local historic building list; documenting the lumberyard then demolishing it if it has no function or purpose in any design scenario; the programming and function for area 2 26 MINUTES Page 17 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING needs to be set in order to produce meaningful design; partnering with Desert Recreation District to reactivate the amphitheater across the street in conjunction with this project; adding a pedestrian crosswalk in the center of the project; and the possibility of purchasing the existing park from Riverside County, which is operated by Desert Recreation District. Council reached a consensus and directed staff to continue conceptual designs on areas 1A, 1B, and 2 including demolition of the lumberyard building, and incorporating connectivity to the future development of area 3. DEPARTMENTAL REPORTS – All reports are on file in the City Clerk’s Office. MAYOR’S AND COUNCIL MEMBERS’ ITEMS Mayor Evans said she provided an update to the Bennion Development real estate group on June 8, 2022, regarding projects’ status, new development and businesses, and capital improvements in La Quinta. Mayor Evans said she attended Desert Sands Unified School District’s retirement event for Superintendent Scott Bailey on June 2, 2022, and presented him with a proclamation. Mayor Evans said she attended the Greater Coachella Valley Chamber of Commerce Legislative Mornings with Assemblymembers Garcia and Mayes on June 3, 2022. REPORTS AND INFORMATIONAL ITEMS La Quinta’s representative for 2022, Mayor Evans reported on her participation in the following organization’s meeting:  CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE La Quinta’s representative for 2022, Mayor Pro Tem Fitzpatrick reported on her participation in the following organization’s meeting:  RIVERSIDE COUNTY TRANSPORTATION COMMISSION (RCTC) La Quinta’s representative for 2022, Councilmember Peña reported on his participation in the following organizations’ meetings:  CVAG PUBLIC SAFETY COMMITTEE  CVAG VALLEY-WIDE HOMELESSNESS COMMITTEE  COACHELLA VALLEY MOSQUITO AND VECTOR CONTROL DISTRICT ADJOURNMENT 27 MINUTES Page 18 of 18 JUNE 21, 2022 CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING There being no further business, a motion was made and seconded by Councilmembers Radi/Fitzpatrick to adjourn at 10:16 p.m. Motion passed unanimously. Respectfully submitted, MONIKA RADEVA, City Clerk City of La Quinta, California 28 CITY COUNCIL MINUTES Page 1 of 7 JULY 5, 2022 SPECIAL MEETING CITY COUNCIL SPECIAL MEETING MINUTES TUESDAY, JULY 5, 2022 CALL TO ORDER A special meeting of the La Quinta City Council was called to order at 4:02 p.m. by Mayor Evans. PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans ABSENT: None STAFF PRESENT: City Manager McMillen, City Attorney Ihrke, City Clerk Radeva, Acting Deputy City Clerk McGinley, Director of Business Unit and Housing Development Villalpando, Community Resources Director Escobedo, Public Works Director/City Engineer McKinney, Finance Director Martinez, Design and Development Director Castro, Planning Manager Flores. CONSULTANT PRESENT: Planning Consultant Nicole Criste, CEO, Terra Nova Planning & Research, Inc. PLEDGE OF ALLEGIANCE Councilmember Sanchez led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA PUBLIC SPEAKER: Brad Anderson, Rancho Mirage – opposed the Council’s motion from the June 21, 2022, regular Council meeting, regarding implementing Assembly Bill 361 (Stats. 2021, CH. 165), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID- 19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). Mr. Anderson said he believes Council’s action was illegal; and asked that Council reconsider its motion. City Attorney Ihrke explained that AB 361 was enacted to allow an alternative teleconference accessibility for attendance and participation of public meetings of the City’s legislative bodies, which allowed local agencies to continue to meet remotely, following the COVID-19 pandemic. The CONSENT CALENDAR ITEM NO. 2 29 CITY COUNCIL MINUTES Page 2 of 7 JULY 5, 2022 SPECIAL MEETING teleconference provisions under AB 361 permit teleconference accessibility but do not require it. CONFIRMATION OF AGENDA – Confirmed PUBLIC HEARING 1. REMAINED OPEN AND CONTINUED FROM JUNE 7, 2022: CONTINUE PUBLIC HEARING FOR ENVIRONMENTAL ASSESSMENT 2019-0010, SPECIFIC PLAN 2019-0003 (AMENDMENT V TO ANDALUSIA SPECIFIC PLAN), GENERAL PLAN AMENDMENT 2019-0002, ZONE CHANGE 2019-0004, SPECIFIC PLAN 2020-0002, DEVELOPMENT AGREEMENT 2021-0002 AND TENTATIVE TRACT MAP 2019-0005, AT THE APPLICANT’S REQUEST; CEQA: CORAL MOUNTAIN RESORT ENVIRONMENTAL IMPACT REPORT (SCH #2021020310); LOCATION: SOUTH OF AVENUE 58, NORTH OF AVENUE 60, AND EAST AND WEST OF MADISON STREET Mayor Evans said this item was considered for the first time by the Council at the June 21, 2022, during which Council received a presentation of the staff report, the Environmental Impact Report (EIR), a presentation from the applicant, and verbal and written public testimony; consideration of the item was continued to this July 5, 2022, special Council meeting; and the applicant has requested a continuance of this item. MAYOR EVANS NOTED THE PUBLIC HEARING REMAINED OPEN AT THE JUNE 7, 2022, MEETING Mayor Evans requested that the applicant speak regarding the request for continuance; and noted that all public testimony to date, both written and verbal, has been received, and is on file and incorporated into the public record for the project; and public testimony at tonight’s meeting should not be repetitive of prior comments that are already on file, and should be regarding the applicant’s request for continuance. Mayor Evans said the City has received numerous comments questioning why this project is being considered and asked City Attorney Ihrke to explain the due process to which every property owner is entitled. City Attorney Ihrke explained that anytime the City receives an application for a land use, approval is rooted in the due process clauses in the Federal and California State constitutions which allow for zoning regulations, land use controls and other property regulations all of which require applicants and cities to follow a review process. California has delegated to cities, authority over land use in their 30 CITY COUNCIL MINUTES Page 3 of 7 JULY 5, 2022 SPECIAL MEETING jurisdictions provided cities’ Municipal Code, Zoning Code, General Plan, etc. are not inconsistent with the Federal and State constitutions. PUBLIC SPEAKER: John Gamlin, President, CM Wave Development – explained the applicant’s request to continue the item by 60 days to allow the company to explore alternatives regarding lighting and neighbor concerns, and to seek guidance and clarity from State agencies regarding water use and noise legislation. Council’s questions and comments were about water not being the major issue at present but the need to have good reason to amend the zoning code which requires finding solutions to the project’s impacts such as noise, lighting, pool temperatures, pool cleanliness, pool evaporation, rising humidity, long range and regional impacts, quality of life for residents, and the project’s benefit to residents and area housing; no local government or public agency has the authority to deny any land use application without due process; and applicants have the right to due process, a fair and transparent process, and that includes this first request for a continuance. PUBLIC SPEAKER: Richard Gray, La Quinta – requested that Council deny the request for continuance; and opposed the project due to drought conditions. PUBLIC SPEAKER: Scott Connelly, La Quinta – opposed the project; noted that the project is getting national attention on the John Oliver show; and thanked the Council for their thorough consideration and attention to residents’ comments. PUBLIC SPEAKER: Penny Boehm, La Quinta – submitted a Request to Speak form noting she will wait until the next meeting to speak on this project; and provided written comments requesting that no public testimony is received at tonight’s meeting. PUBLIC SPEAKER: Brian Levy, La Quinta [received speaker donated time by resident Dennis McLatcher] – said he opposes continuing the project; noted everyone is entitled to due process; asked that there be a level playing field in which residents are allowed sufficient time to review and digest the new information that the applicant might provide in September in order to be able to provide comments. PUBLIC SPEAKER: Lisa Jefferey, La Quinta [received speaker donated time by resident Sandy Lanham] – opposed the project and spoke about the evaporation data in CVWD’s water report; and stated that a golf course uses significantly less water per year. 31 CITY COUNCIL MINUTES Page 4 of 7 JULY 5, 2022 SPECIAL MEETING PUBLIC SPEAKER: Louis Zakin, La Quinta [received speaker donated time by resident Sheila Warren] spoke on behalf of Rick Roth – opposed the project; presented a 13-year financial analysis of the project based on the information attainable which foresees a 91% chance of bankruptcy within 13 years; wave parks are an unproven venture; and any economic advantages of the project do not justify the unmitigated ecological impacts. PUBLIC SPEAKER: Steve Jefferey, La Quinta [received speaker donated time by resident Rick Owen] – opposed the project and spoke about the new information on noise impacts from wave parks to surrounding communities; and cities’ responsibility to protect its residents from noise, including low- frequency noise; and requested the EIR be recirculated after a more complete on-site noise study is done using current standards as the current study is flawed. PUBLIC SPEAKER: Alena Callimanis, La Quinta [received speaker donated time by residents Andrea Lawent, Judy Horjacky, and Richard Harris] – opposed the project and spoke about flaws in the noise study; the value of homes in the area on the County tax rolls; the impact of the project’s water use on the aquifer absent availability of Colorado River water; the unmitigated greenhouse gas emissions; and the meeting with Lisa Castro and the letter from the applicant’s legal counsel, who was not in attendance of that meeting. Ms. Callimanis provided a slide show which was printed and distributed to Council, made publicly available to attendees at the meeting, and included in the public record for this meeting. Councilmember Radi explained his comment about resident Lisa Castro’s correspondence was not an interpretation of his position on the project, but rather he appreciated that Ms. Castro’s comments were well written, on point, constructive, and respectful. PUBLIC SPEAKER: Kathrine Chevalier, La Quinta [received speaker donated time by resident Bobbie Fleury] – spoke about Imperial Irrigation District’s (IID) energy crisis and its commitment to provide power to only Phase 1 of the project as noted in the EIR which is now invalid; and opposed the project. PUBLIC SPEAKER: Joan Sanka, La Quinta – opposed the project due to the historic natural environment and its destruction by this project; the importance of La Quinta’s hiking trails; and the restriction of access and obstruction to the area trails. PUBLIC SPEAKER: Carol Strop, La Quinta – opposed the project and the applicant’s request for continuance; and suggested alternative uses for the land. 32 CITY COUNCIL MINUTES Page 5 of 7 JULY 5, 2022 SPECIAL MEETING PUBLIC SPEAKER: Dorothy Dupree, La Quinta – opposed the project and the applicant’s request for continuance due to water use. Council discussed the developer’s right to due process where the developer has an opportunity to make his case, as does the public; and time is needed to read and digest the new information, and to explore the valid points raised during public comment. City Attorney Ihrke explained that if Council refused to give developers their due process, the developers’ remedy would be to obtain a writ of mandate from the court to compel the Council to comply with state and federal law. PUBLIC SPEAKER: Brad Anderson, Rancho Mirage – opposed the project; and said the matter needs to be continued because the Council suspended AB 361 for this meeting so those who may have wanted to attend virtually are not able to do so. City Attorney Ihrke reiterated the AB 361 teleconference accessibility pursuant to the Brown Act is permissive and not required, and Council has the discretion to implement such accommodations. The public hearing notice for this item complied with the content and publication requirements under the Planning and Zoning State law. The teleconference accessibility in effect at the June 7, 2022, Council meeting, were amended by a subsequent Council action on June 21, 2022, which is currently in effect for tonight’s meeting, and teleconference accessibility will be made available in instances when in-person public meetings are not possible, due to health and safety risks due to COVID-19, and public meetings need to be conducted virtually instead. Council continued their discussion regarding the importance of public input and the publications and information residents provided to Council; the learning experience during the process; that decisions are made based on facts and fairness, and Council’s motions are not predetermined; appreciation for residents who provide facts, not just demand the Council deny the project; emails received by Council both pro and con, respectful and disrespectful; the technical assessment required of the Planning Commission; the boarder view of the Council in reviewing a project; and the hurdles the applicant has to overcome to design a project that is a benefit to the community and has the support of residents and Council. City Attorney Ihrke said the Council can request that the developer provide updated, revised information for the Council, staff and residents to review prior to the next Council hearing date on the project. 33 CITY COUNCIL MINUTES Page 6 of 7 JULY 5, 2022 SPECIAL MEETING MAYOR EVANS CALLED FOR A BRIEF RECESS AT 5:51 P.M. MAYRO EVANS RECONVENED THE COUNCIL MEETING AT 5:59 P.M. WITH ALL MEMBERS PRESENT PUBLIC SPEAKER: John Gamlin, President, CM Wave Development agreed that his company and its consultants could do their analysis and submit the bulk of any new information/alternatives to City staff by August 15, 2022, and the remainder of new information could be submitted no later than 10 days prior to the next hearing date on the project (September 21, 2022). PUBLIC SPEAKER: Phillip Novak, La Quinta – asked the Council to provide residents with an equal amount of time, i.e., two months, if they request it in order to complete their review and analysis of the new information the developer submits. THE PUBLIC HEARING REMAINED OPEN UNTIL SEPTEMBER 21, 2022 MOTION – A motion was made and seconded by Councilmembers Peña/Radi to continue this Public Hearing at a special meeting to be held on Wednesday, September 21, 2022, 4:00 p.m., at City Hall. Motion passed unanimously. The following WRITTEN PUBLIC COMMENTS, listed in alphabetical order, were received, distributed to Council, made available on the City’s website, and included in the record of this meeting:  Brad Anderson, Rancho Mirage – opposed the removal of AB 361  Penny Boehm, La Quinta – supports the applicant’s request for continuance, and requested that no public comments be allowed on the project that are not related to the request for continuance  Wendy Clarke, La Quinta – opposed the project  Judy and Russell DeCausemaker, La Quinta – opposed the project  Christopher Lovrien, La Quinta – supports the project  Shay Nadler, La Quinta – opposed the project  Celeste Varela, La Quinta – opposed the project  Kathy Weiss, La Quinta – provided an article entitled “Water Wars Come to the Suburbs” MAYOR’S AND COUNCIL MEMBERS’ ITEMS Councilmember Peña congratulated everyone on the country’s celebration of Independence Day. Mayor Evans reminded the audience that the Nine Cities Blood Challenge is currently underway and encouraged folks to donate blood; noted Amazon’s 34 CITY COUNCIL MINUTES Page 7 of 7 JULY 5, 2022 SPECIAL MEETING new partnership as a donor to the Find Food Bank; and reported on her attendance at the Chamber of Commerce installation awards dinner and the meeting with the Desert Valley Builders’ Association. ADJOURNMENT There being no further business, a motion was made and seconded by Councilmembers Peña/Radi to adjourn at 6:10 p.m. Motion passed unanimously. Respectfully submitted, MONIKA RADEVA, City Clerk City of La Quinta, California 35 36 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE CREATIVE LIGHTING & ELECTRICAL, INC., FOR UP TO $50,000 OF ADDITIONAL NON-CONTRACTED MAINTENANCE AND/OR REPAIR ITEMS IN FISCAL YEAR 2022/23 WHEN THEY ARE THE QUALIFIED AND/OR LOWEST BIDDER RECOMMENDATION Authorize the Public Works Department to utilize Creative Lighting & Electrical, Inc., for up to $50,000 for additional non-contracted maintenance and/or repair items in fiscal year 2022/23 when they are the qualified and/or lowest bidder. EXECUTIVE SUMMARY •Per the purchasing policy, amounts paid to vendors/contractors over $50,000 must be approved by Council. •On June 7, 2022, Council approved a one-year contract extension with Creative Lighting & Electrical, Inc., (Creative) for Project No 2018-31 Landscape & Lighting Assessment District (L&L) Lighting Maintenance Services. •Staff requests authority to utilize Creative for up to $50,000 for additional work should they submit a qualified bid and/or lowest bid. FISCAL IMPACT The $50,000 would be charged in increments, as needed, to the appropriate budgeted account(s) should Creative be awarded any other bid in FY 2022/23. BACKGROUND/ANALYSIS Creative provides quality work and is contracted with the City for lighting maintenance services. The L&L lighting maintenance contract allows for additional work, such as light fixture replacement, and electrical repairs on request, however, the dollar CONSENT CALENDAR ITEM NO. 3 37 amount for additional work is dependent on the scope of work identified rather than a specific amount incorporated in the contract. Creative may also submit bids for project and/or additional work which is included in the FY 2022/23 budget, such as vandalism repair, and/or electrical repairs and upgrades in Citywide parks and buildings which is not included in their contract. Staff requests authorization to utilize Creative for an additional $50,000 for work over the contract price, should they be the qualified bidder. Each project would be subject to the City’s current purchasing policy. Creative could also perform emergency repairs, and/or a variety of other electrical work and comply with prevailing wage requirements. ALTERNATIVES Staff could request approval from Council for any future work awarded to Creative on a per project basis. However, this approach will delay work schedules. Prepared by: Dianne Hansen, Management Analyst Approved by: Bryan McKinney, Public Works Director/City Engineer 38 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE PWLC II, INC. FOR UP TO $100,000 OF ADDITIONAL WORK IN FISCAL YEAR 2022/23, AS A SINGLE SOURCE FOR MEDIAN LANDSCAPE RESTORATION WITHIN THE LIGHTING & LANDSCAPE ASSESSMENT DISTRICT 89-1 AND FOR EXTRA WORK WHEN THEY ARE THE QUALIFIED AND/OR LOWEST BIDDER RECOMMENDATION Authorize the Public Works Department to utilize PWLC II, Inc. for up to $100,000 of additional work during fiscal year 2022/23, as a single source for median landscape restoration within the Lighting & Landscape Assessment District 89-1, and for extra work when they are the qualified and/or lowest bidder. EXECUTIVE SUMMARY •Per the purchasing policy, amounts paid to vendors/contractors over $50,000 must be approved by Council. •On June 7, 2022, Council approved a one-year contract extension with PWLC II, Inc. (PWLC) for Project No 2018-30 Lighting & Landscape Assessment District 89-1 (L&L) Landscape Maintenance Services. •The current contract allows for the contractor to be paid for additional work. Staff requests authority to utilize PWLC for additional work, and as a single source for landscape renovations within L&L areas. •Staff requests authority to utilize PWLC for up to $100,000 for additional work. FISCAL IMPACT The $100,000 would be charged in increments, as needed, to the appropriate budgeted account(s) for landscape renovation within the L&L areas, should PWLC be awarded any other bid in FY 2022/23. CONSENT CALENDAR ITEM NO. 4 39 BACKGROUND/ANALYSIS PWLC provides quality work and is contracted with the City for L&L landscape maintenance services. The landscape contract allows for additional work on request, such as plant replacement, tree removal, irrigation repairs, and emergency callouts. However, the dollar amount for additional work is not specified. To ensure consistency of landscape renovations, staff requests authorization to utilize PWLC as a single source for landscape renovations within the L&L. PWLC may also submit proposals for other City projects such as Capital Improvement Projects, or weed abatement, which is included in the FY 2022/23 budget but is not included in their contract. Staff requests authorization to utilize PWLC for an additional $100,000 of work over the contract price for median restoration and/or for proposals submitted for work should they be the qualified bidder. Each project would be subject to the City’s current purchasing policy. PWLC is able to perform additional work for weed abatement, irrigation installation and/or repair, turf renovation, and landscape restoration for any City project, and comply with prevailing wage requirements. ALTERNATIVES Staff could request approval from Council for any future work awarded to PWLC on a per project basis. However, this approach will delay project completion schedules. Prepared by: Dianne Hansen, Management Analyst Approved by: Bryan McKinney, Public Works Director/City Engineer 40 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE VINTAGE ASSOCIATES, INC FOR UP TO $100,000 OF ADDITIONAL WORK IN FISCAL YEAR 2022/23, AS A SINGLE SOURCE FOR LANDSCAPE RESTORATION WITHIN CITYWIDE PARKS AND FOR EXTRA WORK WHEN THEY ARE THE QUALIFIED AND/OR LOWEST BIDDER RECOMMENDATION Authorize the Public Works Department to utilize Vintage Associates, Inc., for up to $100,000 of additional work in fiscal year 2022/23, as a single source for landscape restoration within Citywide parks and for extra work when they are the qualified and/or lowest bidder. EXECUTIVE SUMMARY •Per the purchasing policy, amounts paid to vendors/contractors over $50,000 must be approved by Council. •On May 17, 2022, Council approved a one-year contract extension with Vintage Associates, Inc. (Vintage) for Project No 2018-32 Parks Landscape Maintenance Services. •The current contract allows for the contractor to be paid for additional work. Staff requests authority to utilize Vintage for additional work, and as a single source for landscape renovations within Citywide parks. •Staff requests authority to utilize Vintage for up to $100,000 for additional work. FISCAL IMPACT The cost for additional work would be charged in increments up to $100,000, as needed, to the appropriate budgeted account(s) should Vintage be awarded any other bid in FY 2022/23. CONSENT CALENDAR ITEM NO. 5 41 BACKGROUND/ANALYSIS Vintage provides quality work and is contracted with the City for Citywide Park Landscape Maintenance. The contract allows for additional work, such as landscape restoration, top dressing on sports fields, plant replacement on request, and irrigation repairs, however, the dollar amount for additional work is not specified or incorporated in the contract. To ensure consistency of landscape renovations, staff requests authorization to utilize Vintage as a single source for landscape renovations within Citywide parks. Vintage may also submit bids other City projects such as Capitol Improvement Projects, or weed abatement, which is included in the FY 2022/23 budget but is not included in their contract. Staff requests authorization to utilize Vintage for an additional $100,000 for work over the contract price for landscape restoration in parks and/or for proposals submitted for work should they be the qualified bidder. Each project would be subject to the City’s current purchasing policy. Vintage is able to perform additional work such as irrigation, turf, landscape restoration, and weed abatements, and comply with prevailing wage requirements. ALTERNATIVES Staff could request approval from Council for any extra future work awarded to Vintage on a per project basis. However, this approach will delay work schedules. Prepared by: Dianne Hansen, Management Analyst Approved by: Bryan McKinney, Public Works Director/City Engineer 42 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPROVE ON-SITE AND OFF-SITE REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENTS FOR AMENDED TRACT MAP NO. 31348, ESTATES AT POINT HAPPY, A RESIDENTIAL DEVELOPMENT LOCATED SOUTH OF HIGHWAY 111 AND WEST OF WASHINGTON STREET RECOMMENDATION Approve the On-Site and Off-Site Replacement Subdivision Improvement Agreements for Amended Tract Map No. 31348, Estates at Point Happy, and authorize the City Manager to execute said agreements upon receipt of replacement securities. EXECUTIVE SUMMARY •In 2005, the original developer of this tract, PH Ranch, LLC, recorded a final map and executed on-site and off-site Subdivision Improvement Agreements (SIAs). During the economic downturn, they lost the property through foreclosure after completing some, but not all, of the improvements. •WH La Quinta 29, LLC (New Developer) has acquired interest in the property and desires to enter into replacement of on-site and off-site SIAs and bonds for the design and construction of the remaining public and private improvements associated with this tract. •The replacement SIAs and bonds will ensure construction and acceptance of the remainder of the improvements for this tract. FISCAL IMPACT – None BACKGROUND/ANALYSIS Amended Tract Map No. 31348 is a residential development located south of Highway 111 and west of Washington Street (Attachment 1). Some of the on- site improvements and off-site improvements have been installed, including a flap gate at the Whitewater channel outlet and a rockfall protection barrier wall. Some homes have been built in the tract. The remaining on-site improvements are listed on the punch list in the Development Improvement Agreement which includes some grading, street improvements, drainage improvements, landscaping, and setting monumentation. The remaining off-site improvements include removing approximately 70 linear feet of sidewalk, some were damaged and some extra CONSENT CALENDAR ITEM NO. 6 43 sidewalk that is not required were constructed. The damaged sidewalk will be required to be replaced. The area with the extra sidewalk will be required to be landscaped. The attached replacement SIAs (Attachment 2) replace PH Ranch, LLC with WH La Quinta 29, LLC as obligee for the construction and guarantor of the remaining on-site and off-site improvements. ALTERNATIVES Staff does not recommend an alternative. Prepared by: Amy Yu, Associate Engineer Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachments: 1. Vicinity Map 2. Replacement Subdivision Improvement Agreements (On-Site and Off-Site) 44 TM 31348 THE ESTATES AT POINT HAPPY V I C I N I T Y M A P NOT TO SCALE ATTACHMENT 1 45 46 1 of 9 CITY OF LA QUINTA REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENT AMENDED TRACT MAP NO. 31348 ON-SITE IMPROVEMENTS THIS REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENT (the "Agreement") is made and entered into this ________________________________ day of ___________________________, 2022, by and between WH LA QUINTA 29, LLC, a Delaware limited liability company, hereinafter referred to as "Builder," and the City of La Quinta, a municipal corporation of the State of California, hereinafter referred to as "City." RECITALS: A. A final map of the Tract has been approved and recorded subject to the Subdivision Laws and to the requirements and conditions contained in City Council Resolution No. 2004-035 (the “Resolution of Approval”). The Resolution of Approval is on file in the office of the City Clerk and is incorporated into this Agreement by reference. B.On or about January 12, 2005, Builder’s predecessor in interest, PH Ranch, LLC, a California limited liability company, entered into the original Subdivision Improvement Agreement for the above- referenced subdivision. Point Happy Lots, LLC, a Colorado limited liability company, later obtained interest in the Tract and entered into a Development Improvement Agreement on or about January 21, 2014 for the above-referenced subdivision. In this Agreement, PH Ranch, LLC and Point Happy Lots, LLC are referred to collectively as the “Previous Subdividers”. C.The Previous Subdividers has constructed certain of the improvements (“Installed Improvements”) required pursuant to the Resolution of Approval, but that those improvements have not yet been accepted by the City. D.Builder has agreed to install the remaining public and private improvements (the “Remaining Improvements") associated with this tract map. E.The Remaining Improvements have not been installed and accepted at this time. F.The Installed Improvement and the Remaining Improvements are referred to collectively hereinafter as “the Improvements.” G.It is therefore necessary that Builder and City enter into an agreement for the installation of the Remaining Improvements, and any final work needed in order for the Installed Improvements to be accepted. Builder desires to enter into this Agreement, whereby Builder promises to install and complete, at Builder’s own expense, all the remaining public improvement work required by City in connection with the proposed Tract. Builder has secured this Agreement by improvement security required by the Subdivision Laws and approved by the City. NOW, THEREFORE, it is agreed by and between the parties hereto as follows: 1.Improvement Plans. Builder shall furnish complete original improvement plans for the construction, installation and completion of the Improvements meeting the requirements of the City Engineer. The Improvement Plans for the Tract shall be maintained on file in the office of the City Engineer and shall be incorporated into this Agreement by reference. All references in this Agreement to the Improvement Plans shall include reference to any specifications for the Improvements as approved by the City Engineer. 2. Improvements. Builder shall construct the Improvements required to be constructed or agreed to be constructed under the Resolution of Approval and this Agreement as more specifically described in Exhibit "A." attached hereto and expressly made a part hereof by this reference, and shall bear the full cost thereof. The methods, standards, specifications, sequence, and scheduling of construction shall be as approved by the City Engineer. ATTACHMENT 2 47 2 of 9 3. Improvement Security. Builder shall at all times guarantee Builder’s performance of this Agreement by furnishing to City, and maintaining, good and sufficient security as required by the Subdivision Laws on forms and in the amounts approved by City for the purposes as follows: A. One class of security to be provided by Builder, hereinafter referred to as "performance security," shall assure the faithful performance of this Agreement including construction of the Improvements, payment of Builder’s fair share of Improvements which have been or will be constructed by others (“Participatory Improvements”), and payment of plan check and permit fees. The performance security shall also include good and sufficient security in the amount of one hundred percent (100%) of the estimated cost of setting subdivision monuments as stated hereafter in this Agreement (“Monumentation Security”). A second class of security to be provided by Builder, hereinafter referred to as "payment security," shall assure the payment of the cost of labor, equipment and materials supplied to construct the Improvements. A third class of security to be provided by Builder, hereinafter referred to as "warranty security," shall serve as a guarantee and warranty of the Improvements for a period of one year following the completion and acceptance of the Improvements. Builder shall furnish performance and payment security prior to permit issuance. Builder shall provide warranty security after Improvements are complete and prior to the City Council acceptance of the Improvements. Warranty security shall not be required for Monumentation, Private Improvements, or Participatory Improvements. However, the City may utilize Monumentation Security for performance of or payment for the work in accordance with the Subdivision Map Act. As part of the obligation secured by each of the performance security, payment security and warranty security, and in addition to the face amount of each such security, each such security shall include and assure the payment of costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing the obligations thereby secured. B. Improvement security shall conform with Section 66499 of the California Government Code and may be one or more of the following: 1) A cash deposit with City or a responsible escrow agent or trust company, at City's option. 2) Surety bonds, of the form specified in subsection 66499.2 of the California Government Code, issued by a surety or sureties listed in the U.S. Department of Treasury Circular 570 (latest version). 3) Certificates of deposit, in City's name, from one or more financial institutions subject to regulation by the state or federal government and having a financial quality rating of "A" or better and a commitment reliability rating of "R-2" or better on the Investment Data Exchange (of the Los Angeles County Treasurer's office). 4) Irrevocable letters of credit, in a form acceptable to and approved by the City Attorney, issued by one or more financial institutions meeting the requirements of Paragraph (3), pledging that the funds necessary to carry out the completion of the Improvements are on deposit, guaranteed for payment, and constitute a trust fund which is not subject to levy or attachment by any creditor of the depositor until released by City. Letters of credit shall guarantee that all or any portion of the funds available pursuant to the letters of credit will be paid upon the written demand of City and that such written demand need not present documentation of any type as a condition of payment, including proof of loss. The duration of any such letter of credit shall be for a period of not less than one year from the execution of the agreement with which it is provided and shall state, on its face, that the letter of credit will be automatically renewed until such time that City authorizes its expiration or until sixty (60) days after City receives notice from the financial institution of intent to allow expiration of the letter of credit. 5) A lien upon the subdivided property, if City finds that it would not be in the public interest to require the installation of the Improvements sooner than two (2) years after recordation of the final map or Tract map for which the Improvements are required. The lien shall provide a collateral value of three (3) times the estimated cost of the Improvements and shall include the power of sale of the real property, all buildings and improvements thereon, or that may be erected upon or made thereto, together with all hereditaments and appurtenances thereunto 48 3 of 9 belonging, or in any wise appertaining, and the reservations, remainders, rents, issues, and profits thereof. The collateral value of the property shall be established at Builder's expense through an appraisal approved by City. 6)An instrument of credit from an agency of the state, federal or local government, when any agency of the state, federal, or local government provides at least twenty percent (20%) of the financing for the Improvements. C.All securities shall be furnished in accordance with the provisions of Exhibit A. The amount of the performance security shall equal one hundred percent (100%) of the estimated cost of constructing the Improvements, including payment of plan check and permit fees, as estimated by the City Engineer or a duly authorized representative of the City Engineer. The amount of Payment security shall equal the amount of the amount of performance security, except as otherwise set forth in Exhibit A, and shall be furnished as a separate security. Warranty security shall equal Ten Percent (10%) of the amount of performance security except as otherwise set forth in Exhibit A. The securities required by this Agreement shall be kept on file with the City Clerk. The terms of the security documents specified in this Agreement are incorporated into this Agreement by this reference. If any security is replaced by another approved security, the replacement shall be filed with the City Clerk and, upon filing, shall be deemed to have been made a part of and incorporated into this Agreement. Upon filing of a replacement security with the City Clerk, the former security may be released. The City Engineer shall approve replacement of security. D.At the time of submittal of security, Builder shall pay to City administrative fees applicable to the form of security provided. The fees shall be paid separately for each different form and/or source (surety or financial institution) of security initially submitted and for substitution of securities but shall not be required for submittal of warranty security if the warranty security is of the same form and from the same source as the performance security it replaces. Administrative fees for security shall be as follows: 1)For certificates of deposit, bonds and letters of credit as described in Paragraphs 2), 3) and 4) of SECTION 3.B., which require the establishment of evidence of the reliability of the surety or financial institution, the administrative fee shall be One Hundred Fifty Dollars ($150.00). 2)For liens on real property as described in Paragraph 5) of SECTION 3.B., for which City will prepare lien agreements and subordination agreements, administer valuation of the real property and administer the agreements over the life of the lien, all of which require legal assistance and financial advice, Builder shall pay to City an administration fee of One Half of One Percent (0.5%) of the estimated cost of the improvements secured but not less than Five Hundred Dollars ($500.00) nor more than Five Thousand Dollars ($5,000.00). 3)For other forms of security listed in Section 3 B, above, there will be no administrative fee. E.Participatory Improvements, if any, are identified in Exhibit A. Security for Participatory Improvements shall remain in place until the Participatory Improvements are constructed and actual costs are known and paid by Builder, or until Builder pays to City the estimated cost of the Participatory Improvements, and shall guarantee the reimbursement by Builder of Builder's share of the cost of the Participatory Improvements. Payment security and warranty security shall not be required for Participatory Improvements. Upon written demand from City, Builder shall deposit cash with City in lieu of or in replacement of security guaranteeing Participatory Improvements. If Builder fails to deposit said cash within 30 days of the date of the written demand from City, City may present a written demand to Builder's Surety for payment of said cash and Builder's Surety shall pay to City the lesser of: 1) the amount demanded, or 2) the amount of the security. F.Security shall not expire, be reduced or become wholly or partially invalid for any reason, including non-payment of premiums, modifications of this Agreement and/or expiration of the time for performance stated in this Agreement. 49 4 of 9 G. Security shall be released in the following manner: 1) Performance security shall be released upon the final completion and acceptance or approval, by the City Council of the Improvements subject to the provisions of Section 10 of this Agreement. 2) The City Engineer may authorize partial reduction of performance security as work progresses, upon application by Builder. However, no such reduction shall be for an amount less than Ten Percent (10%) of the total performance security provided for the faithful performance of the Improvements. In no event shall security be reduced below that required to guarantee the completion of the act or work or obligation secured, plus Ten Percent (10%). The City Engineer shall not allow more than two partial reductions of security furnished for any improvement agreement. 3) Participatory Improvement security shall be released upon payment by Builder of Builder's share of the cost or estimated cost of the Participatory Improvements. 4) If City receives no notice of recorded claims of lien, labor and materials security shall be released in full 90 days after final acceptance and/or approval by the City Council, of the Improvements. If City receives notice of any recorded lien, the provisions of the Subdivision Map Act shall apply. 5) No security given for the guarantee or warranty of work shall be released until the expiration of the warranty period and until any claims filed during the warranty period have been settled. As provided in paragraph 13 of this Agreement, the warranty period shall not commence until final acceptance of all the work and improvements by the City pursuant to Paragraph 10. Warranty security not utilized during the warranty period shall be released one year after final acceptance or approval by the City Council of all Improvements. However, if at the end of the one-year warranty period, there are one or more outstanding requests by City for performance of work or provision of materials under the terms of the warranty, warranty security shall be retained until the outstanding requests are satisfied or until Builder has made other arrangements satisfactory to the City Engineer. 6) City may retain from any security released an amount sufficient to cover costs and reasonable expenses and fees, including reasonable attorneys’ fees. 4. Permits Required. Prior to commencing any phase of work, Builder shall obtain all permits required for that phase of work and pay all required fees. Work performed under a permit or permits shall comply with all provisions of the required permits. 5. Off-site Improvements. When the construction of one or more of the Improvements requires or necessitates the acquisition of real property not owned by Builder or City, Builder shall use its best efforts purchase such real property at a reasonable price. In the event that Builder is unsuccessful, despite its best efforts, to acquire such real property at a reasonable price, Builder may request in writing that City attempt to acquire such real property. City may, but is not required to, agree to attempt to acquire such real property on behalf of Builder. If City so agrees, City and Builder shall enter a separate written agreement in a form acceptable to the City Attorney. Said separate agreement shall provide that Builder advance to City One Hundred Fifty Percent (150%) of the appraised fair market value of the real property. Any unexpended portion of said advance shall be refunded to Builder. Any additional funds required for acquisition of the real property shall be paid by Builder to City upon the conveyance of said real property to Builder. In no event shall the failure of Builder or City to acquire such real property excuse, waive, or otherwise terminate Builder's obligation to construct the applicable improvement pursuant to this Agreement or the Conditions of Approval. 6. Completion of Improvements; Inspection. 6.1 Construction of Improvements. Builder shall begin construction of the Improvements within ninety (90) days and shall complete construction within twelve (12) months after the approval of this Agreement. Portions of the Improvements may be completed at a later date, as determined by the City Engineer or as set forth in Exhibit A. Failure by Builder to begin or complete construction of the Improvements within the specified time periods shall constitute cause for City, in its sole discretion and 50 5 of 9 when it deems necessary, to declare Builder in default of this agreement, to revise improvement security requirements as necessary to ensure completion of the improvements, and/or to require modifications in the standards or sequencing of the Improvements in response to changes in standards or conditions affecting or affected by the Improvements. Said failure shall not otherwise affect the validity of this agreement or Builder's obligations hereunder. 6.2 Inspection. Builder shall at all times maintain proper facilities and safe access for inspection of the public improvements by City and to the shops wherein any work is in preparation. Upon completion of the work, the Builder may request a final inspection by the City Engineer or the City Engineer’s authorized representative. If the City Engineer or the designated representative determines that the work has been completed in accordance with this Agreement, then the City Engineer shall certify the completion of the public improvements to the City Council. No improvements shall be finally accepted unless all aspects of the work have been inspected and determined to have been completed in accordance with the Improvement Plans and City standards and accepted by the City as described in Paragraph 10 of this Agreement. Builder shall bear all costs of plan check, inspection and certification. 7. Force Majeure. In the event that Builder is unable to perform within the time limits herein due to strikes, act of God, or other events beyond Builder's control, the time limits for obligations affected by such events will be extended by the period of such events. 8. Time Extension. Builder may make application in writing to the City Council for an extension of time for completion of the Improvements. The City Council, in its sole and absolute discretion, may approve or deny the request or conditionally approve the extension with additions or revisions to the terms and conditions of this Agreement. As a condition of the time extension, Builder shall furnish securities, similar in form and substance to those required in SECTION 3 hereinabove, to cover the period of extension. The value of the securities shall be sufficient to ensure the performance of and payment for Improvements that remain incomplete at the time of the extension, and to provide warranty security on completed Improvements. 9. Survey Monuments. Before final approval of street improvements, Builder shall place survey monuments in accordance with the provisions of Sections 66495, et sec. of the Subdivision Map Act and of the La Quinta Municipal Code. Builder shall provide the City Engineer written proof that the monuments have been set, evidence of payment and receipt thereof by the engineer or surveyor setting the monuments, and intersection monument tie-outs for monuments set in public streets. 10. Final Acceptance of Improvements. At the completion of construction and prior to acceptance of the Improvements by City, Builder shall submit a request for final approval by City. The request shall be accompanied by any required certifications from Builder's engineers or surveyors, approval letters from other agencies having jurisdiction over and approval authority for improvements required by this Agreement or the Conditions of Approval, and any required construction quality documentation not previously submitted. Upon receipt of said request, the City Engineer or a duly-authorized representative will review the required documentation and will inspect the Improvements. If the Improvements are determined to be in accordance with applicable City standards and specifications, and as provided herein, obligations required by the Conditions set forth in the Resolution of Approval and this Agreement have been satisfied, and Builder has provided revised plans as required in Paragraph 12, hereinafter, the City Engineer shall recommend acceptance of the Improvements by the City Council. 11. Injury to Improvements. Until such time as the Improvements are accepted by City in accordance with Paragraph 10, Builder shall be responsible for and bear the risk of loss to any of the improvements constructed or installed. Until such time as all Improvements required by this Agreement are fully completed and accepted by City, Builder will be responsible for the care, maintenance of, and any damage to such improvements. City shall not, nor shall any officer or employee thereof, be liable or responsible for any accident, loss or damage, regardless of cause, happening or occurring to the work or improvements specified in this Agreement prior to the completion and acceptance of the work or improvements. All such risks shall be the responsibility of and are hereby assumed by Builder. 51 6 of 9 12. Revisions to Plans. When the Improvements have been inspected and approved by the City Engineer, Builder shall make any necessary revisions to the original plans held by City so the plans depict the actual Improvements constructed. When necessary revisions have been made, each separate sheet of the plans shall be clearly marked with the words "As-Built," "As-Constructed," or "Record Drawing," the marking shall be stamped by an engineer or surveyor, as appropriate for the improvements thereon, who is licensed to practice in California, and the plans shall be resubmitted to the City Engineer. 13. Improvement Warranty. Builder hereby guarantees the Improvements to City for a period of one (1) year, beginning on the date of final acceptance of the Improvements by the City Council, against any defective work or labor done, or defective materials furnished, and shall repair or replace such defective work or materials. If within the warranty period any work or improvement or part of any work or improvement done, furnished, installed, constructed or caused to be done, furnished, installed or constructed by Builder fails to fulfill any of the requirements of this Agreement or the improvement plans and specifications referred to herein, Builder shall without delay and without any cost to City, repair or replace or reconstruct any defective or otherwise unsatisfactory part or parts of the work or structure. Should Builder fail to act promptly or in accordance with this requirement, Builder hereby authorizes City, at City’s sole option, to perform the work twenty (20) days after mailing written notice of default to Builder and to Subdivider’s Surety, and agrees to pay the cost of such work by City. Should City determine that an urgency requires repairs or replacements to be made before Builder can be notified, City may, in its sole discretion, make the necessary repairs or replacement or perform the necessary work and Builder shall pay to City the cost of such repairs 14. Release of Security. City shall retain and release securities in accordance with the provisions of Section 3 of this agreement. Prior to the release of payment security, the City Engineer may require Builder to provide a title report or other evidence sufficient to show claims of lien, if any, that may affect the amount of payment security released. 15. City Right to Cure. If Builder fails to perform any obligation hereunder and such obligation has not been performed, or commenced and diligently pursued, within sixty (60) days after written notice of default from City, then City may perform the obligation, and Builder shall pay the entire cost of such performance by City including costs of suit and reasonable attorney's fees incurred by City in enforcing such obligation. In cases of emergency or compelling public interest, as determined by the City Engineer, the requirement for written notice of default and/or the passage of sixty (60) days shall be deemed waived and all other provisions of this Article shall remain in effect. 16. Injury to Public Improvements, Public Property or Public Utility Facilities. Builder shall replace or have replaced, or repair or have repaired, as the case may be, all public improvements, public utilities facilities and surveying or subdivision monuments which are destroyed or damaged as a result of any work performed under this Agreement. Builder shall bear the entire cost of replacement or repairs of any and all public or public utility property damaged or destroyed by reason of any work done under this Agreement, whether such property is owned by the United States or any agency thereof, or the State of California, or any agency or political subdivision thereof, or by City or any public or private utility corporation or by any combination of such owners. Any repair or replacement shall be to the satisfaction, and subject to the approval, of the City Engineer. 17. Indemnification. a. Neither City nor any and all of its officials, employees and agents (“Indemnified Parties”) shall be liable for any injury to persons or property occasioned by reason of the acts or omissions of Builder, its agents or employees in the performance of this Agreement. Builder further agrees to protect and hold harmless Indemnified Parties form any and all claims, demands, causes of action, liability or loss of any sort, including, but not limited to, attorney fees and litigation expenses, because of, or arising out of, acts or omissions of Builder, its agents or employees in the performance of this Agreement, including all claims, demands, causes of action, liability, or loss because of, or arising out of, in whole or in part, the design of construction of the Improvements. This indemnification and agreement to hold harmless shall extend to injuries to persons and damages or taking of property resulting from the design or construction of said subdivision, and the public improvements as provided herein, and in addition, to adjacent property owners as a consequence of the diversion of waters from the design or construction of public drainage systems, streets and other public improvements. 52 7 of 9 b. Acceptance by City of the Improvements shall not constitute an assumption by City of any responsibility for any damage or taking covered by this paragraph. City shall not be responsible for the design or construction of the subdivision or the improvements pursuant to the approved Improvement Plans or map, regardless of any negligent action or inaction taken by City in approving the plans or map, unless the particular improvement design was specifically required by City over written objection by Builder submitted to the City Engineer before approval of the particular improvement design, which objection indicated that the particular improvement design was dangerous or defective and suggested an alternative safe and feasible design. Except as may be provided above, City shall not be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving, reviewing, checking, or correcting any plans or specifications or in approving, reviewing or inspecting any work or construction. Nothing contained in this paragraph is intended to or shall be deemed to limit or waive any protections or immunities afforded by law to City or any and all of its officials, employees and agents (“Indemnified Parties”), by virtue of city’s approval of the plan or design of the Improvements, including without limitation the protections and immunities afforded by Government Code Section 830.6. After acceptance of the improvements, Builder shall remain obligated to eliminate any defect in design or dangerous condition caused by the design or construction defect; however, Builder shall not be responsible for routine maintenance. Provisions of this paragraph shall remain in full force and effect for ten (10) years following the acceptance by City of the Improvements. It is the intent of this paragraph that Builder shall be responsible for all liability for design and construction of the Improvements installed or work done pursuant to this Agreement and that city shall not be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving, reviewing, checking, or correcting any plans or specifications or in approving, reviewing or inspecting any work or construction. The Improvement Security shall not be required to cover the provisions of this paragraph. 18. No Modification of Conditions. This Agreement shall in no respect act to modify or amend any provision of the Conditions of Approval. In the event that any requirement or condition of this Agreement is inconsistent with or fails to include one or more provisions of the Conditions of Approval, which document(s) is (are) incorporated herein by reference, the provisions in the Conditions of Approval shall remain in effect and shall control. 19. Severability. In the event that a court of competent jurisdiction determines that any provision or provisions of this Agreement are unenforceable, all provisions not so held shall remain in full force and effect. 20. Builder No Agent of City. Neither Builder nor any of Builder’s agents, employees, or contractors are or shall be considered to be agents of City in connection with the performance of Builder’s obligations under this Agreement. 21. General Provisions. A. All notices pursuant to this Agreement shall be in writing and shall be personally delivered or sent by registered or certified mail, return receipt requested, to the parties at their respective addresses indicated hereon. Notices personally delivered shall be effective upon delivery. Notices mailed as provided herein and sent postage prepaid shall be effective upon the date of delivery or refusal indicated on the return receipt. Either party may change its address for notices hereunder by notice to the other given in the manner provided in this subparagraph. B. The terms, conditions, covenants, and agreements set forth herein shall apply to and bind the heirs, executors, administrators, assigns, and successors of the parties hereto. C. Neither party to this Agreement relies upon any warranty or representation not contained in this Agreement. D. This Agreement shall be governed by and interpreted with respect to the laws of the State of California. E. In the event of any dispute between the parties with respect to this Agreement, the prevailing party shall be entitled to prompt payment of its reasonable attorneys' fees from the non-prevailing party. F. Any failure or delay by either party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies provided for hereunder. 53 54 9 of 9 Exhibit A SECURITY – TRACT MAP NO. 31348 ON-SITE IMPROVEMENTS Improvements designated as "Participatory" have been or will be constructed by others. Security for Participatory Improvements shall remain in place indefinitely until called upon or released by City. Monumentation security shall guarantee performance of or payment for the work and shall be utilized or released as specified in Chapter 4, Article 9 of the Subdivision Map Act. As elements of the work are completed, Builder may request a maximum of two partial releases of performance security. Partial releases shall be for not less than ten percent (10%) of the total performance security for the Improvements and shall not reduce total performance security below the amount necessary to complete the Remaining Improvements plus ten percent (10%) of the original amount. Partial releases of performance security will be evaluated and may be granted, in whole or in part, by the City Engineer. Requests for partial releases, setting forth in detail the amount of work completed and the value thereof, shall be made in writing to the City Engineer. Labor & materials security shall remain in place until 90 days after all required Tract improvements are complete and accepted by the City Council. Improvement Description Performance Labor & Materials Grading $ 233,850 - Street Improvements $ 65,122 Drainage Improvements $ 78,475 - Landscaping $ 86,400 - Monumentation $ 18,000 - Totals $ 945,693 - Standard 10% Contingency $ 94,569 - Professional Fees, Design 10% $ 94,569 - Professional Fees, Construction 10% $ 94,569 - Bond Amount $ 1,229,400 55 1 of 9 CITY OF LA QUINTA REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENT AMENDED TRACT MAP NO. 31348 OFF-SITE IMPROVEMENTS THIS REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENT (the "Agreement") is made and entered into this _________________________________ day of ___________________________, 2022, by and between WH LA QUINTA 29, LLC, a California limited liability company, hereinafter referred to as "Builder," and the City of La Quinta, a municipal corporation of the State of California, hereinafter referred to as "City." RECITALS: A. A final map of the Tract has been approved and recorded subject to the Subdivision Laws and to the requirements and conditions contained in City Council Resolution No. 2004-035 (the “Resolution of Approval”). The Resolution of Approval is on file in the office of the City Clerk and is incorporated into this Agreement by reference. B. On or about January 12, 2005, Builder’s predecessor in interest, PH Ranch, LLC, a California limited liability company, entered into the original Subdivision Improvement Agreement for the above- referenced subdivision. Point Happy Lots, LLC, a Colorado limited liability company, later obtained interest in the Tract and entered into a Development Improvement Agreement on or about January 21, 2014 for the above-referenced subdivision. In this Agreement, PH Ranch, LLC and Point Happy Lots, LLC are referred to collectively as the “Previous Subdividers”. C. The Previous Subdividers has constructed certain of the improvements (“Installed Improvements”) required pursuant to the Resolution of Approval, but that those improvements have not yet been accepted by the City. D. Builder has agreed to install the remaining public and private improvements (the “Remaining Improvements") associated with this tract map. E. The Remaining Improvements have not been installed and accepted at this time. F. The Installed Improvement and the Remaining Improvements are referred to collectively hereinafter as “the Improvements.” G. It is therefore necessary that Builder and City enter into an agreement for the installation of the Remaining Improvements, and any final work needed in order for the Installed Improvements to be accepted. Builder desires to enter into this Agreement, whereby Builder promises to install and complete, at Builder’s own expense, all the remaining public improvement work required by City in connection with the proposed Tract. Builder has secured this Agreement by improvement security required by the Subdivision Laws and approved by the City. NOW, THEREFORE, it is agreed by and between the parties hereto as follows: 1. Improvement Plans. Builder shall furnish complete original improvement plans for the construction, installation and completion of the Improvements meeting the requirements of the City Engineer. The Improvement Plans for the Tract shall be maintained on file in the office of the City Engineer and shall be incorporated into this Agreement by reference. All references in this Agreement to the Improvement Plans shall include reference to any specifications for the Improvements as approved by the City Engineer. 2. Improvements. Builder shall construct the Improvements required to be constructed or agreed to be constructed under the Resolution of Approval and this Agreement as more specifically described in Exhibit "A." attached hereto and expressly made a part hereof by this reference, and shall bear the full cost thereof. The methods, standards, specifications, sequence, and scheduling of construction shall be as approved by the City Engineer. 56 2 of 9 3. Improvement Security. Builder shall at all times guarantee Builder’s performance of this Agreement by furnishing to City, and maintaining, good and sufficient security as required by the Subdivision Laws on forms and in the amounts approved by City for the purposes as follows: A. One class of security to be provided by Builder, hereinafter referred to as "performance security," shall assure the faithful performance of this Agreement including construction of the Improvements, payment of Builder’s fair share of Improvements which have been or will be constructed by others (“Participatory Improvements”), and payment of plan check and permit fees. The performance security shall also include good and sufficient security in the amount of one hundred percent (100%) of the estimated cost of setting subdivision monuments as stated hereafter in this Agreement (“Monumentation Security”). A second class of security to be provided by Builder, hereinafter referred to as "payment security," shall assure the payment of the cost of labor, equipment and materials supplied to construct the Improvements. A third class of security to be provided by Builder, hereinafter referred to as "warranty security," shall serve as a guarantee and warranty of the Improvements for a period of one year following the completion and acceptance of the Improvements. Builder shall furnish performance and payment security prior to permit issuance. Builder shall provide warranty security after Improvements are complete and prior to the City Council acceptance of the Improvements. Warranty security shall not be required for Monumentation, Private Improvements, or Participatory Improvements. However, the City may utilize Monumentation Security for performance of or payment for the work in accordance with the Subdivision Map Act. As part of the obligation secured by each of the performance security, payment security and warranty security, and in addition to the face amount of each such security, each such security shall include and assure the payment of costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing the obligations thereby secured. B. Improvement security shall conform with Section 66499 of the California Government Code and may be one or more of the following: 1) A cash deposit with City or a responsible escrow agent or trust company, at City's option. 2) Surety bonds, of the form specified in subsection 66499.2 of the California Government Code, issued by a surety or sureties listed in the U.S. Department of Treasury Circular 570 (latest version). 3) Certificates of deposit, in City's name, from one or more financial institutions subject to regulation by the state or federal government and having a financial quality rating of "A" or better and a commitment reliability rating of "R-2" or better on the Investment Data Exchange (of the Los Angeles County Treasurer's office). 4) Irrevocable letters of credit, in a form acceptable to and approved by the City Attorney, issued by one or more financial institutions meeting the requirements of Paragraph (3), pledging that the funds necessary to carry out the completion of the Improvements are on deposit, guaranteed for payment, and constitute a trust fund which is not subject to levy or attachment by any creditor of the depositor until released by City. Letters of credit shall guarantee that all or any portion of the funds available pursuant to the letters of credit will be paid upon the written demand of City and that such written demand need not present documentation of any type as a condition of payment, including proof of loss. The duration of any such letter of credit shall be for a period of not less than one year from the execution of the agreement with which it is provided and shall state, on its face, that the letter of credit will be automatically renewed until such time that City authorizes its expiration or until sixty (60) days after City receives notice from the financial institution of intent to allow expiration of the letter of credit. 5) A lien upon the subdivided property, if City finds that it would not be in the public interest to require the installation of the Improvements sooner than two (2) years after recordation of the final map or Tract map for which the Improvements are required. The lien shall provide a collateral value of three (3) times the estimated cost of the Improvements and shall include the power of sale of the real property, all buildings and improvements thereon, or that may be erected upon or made thereto, together with all hereditaments and appurtenances thereunto 57 3 of 9 belonging, or in any wise appertaining, and the reservations, remainders, rents, issues, and profits thereof. The collateral value of the property shall be established at Builder's expense through an appraisal approved by City. 6) An instrument of credit from an agency of the state, federal or local government, when any agency of the state, federal, or local government provides at least twenty percent (20%) of the financing for the Improvements. C. All securities shall be furnished in accordance with the provisions of Exhibit A. The amount of the performance security shall equal one hundred percent (100%) of the estimated cost of constructing the Improvements, including payment of plan check and permit fees, as estimated by the City Engineer or a duly authorized representative of the City Engineer. The amount of Payment security shall equal the amount of the amount of performance security, except as otherwise set forth in Exhibit A, and shall be furnished as a separate security. Warranty security shall equal Ten Percent (10%) of the amount of performance security for the Improvements. The securities required by this Agreement shall be kept on file with the City Clerk. The terms of the security documents specified in this Agreement are incorporated into this Agreement by this reference. If any security is replaced by another approved security, the replacement shall be filed with the City Clerk and, upon filing, shall be deemed to have been made a part of and incorporated into this Agreement. Upon filing of a replacement security with the City Clerk, the former security may be released. The City Engineer shall approve replacement of security. D. At the time of submittal of security, Builder shall pay to City administrative fees applicable to the form of security provided. The fees shall be paid separately for each different form and/or source (surety or financial institution) of security initially submitted and for substitution of securities but shall not be required for submittal of warranty security if the warranty security is of the same form and from the same source as the performance security it replaces. Administrative fees for security shall be as follows: 1) For certificates of deposit, bonds and letters of credit as described in Paragraphs 2), 3) and 4) of SECTION 3.B., which require the establishment of evidence of the reliability of the surety or financial institution, the administrative fee shall be One Hundred Fifty Dollars ($150.00). 2) For liens on real property as described in Paragraph 5) of SECTION 3.B., for which City will prepare lien agreements and subordination agreements, administer valuation of the real property and administer the agreements over the life of the lien, all of which require legal assistance and financial advice, Builder shall pay to City an administration fee of One Half of One Percent (0.5%) of the estimated cost of the improvements secured but not less than Five Hundred Dollars ($500.00) nor more than Five Thousand Dollars ($5,000.00). 3) For other forms of security listed in Section 3 B, above, there will be no administrative fee. E. Participatory Improvements, if any, are identified in Exhibit A. Security for Participatory Improvements shall remain in place until the Participatory Improvements are constructed and actual costs are known and paid by Builder, or until Builder pays to City the estimated cost of the Participatory Improvements, and shall guarantee the reimbursement by Builder of Builder's share of the cost of the Participatory Improvements. Payment security and warranty security shall not be required for Participatory Improvements. Upon written demand from City, Builder shall deposit cash with City in lieu of or in replacement of security guaranteeing Participatory Improvements. If Builder fails to deposit said cash within 30 days of the date of the written demand from City, City may present a written demand to Builder's Surety for payment of said cash and Builder's Surety shall pay to City the lesser of: 1) the amount demanded, or 2) the amount of the security. F. Security shall not expire, be reduced or become wholly or partially invalid for any reason, including non-payment of premiums, modifications of this Agreement and/or expiration of the time for performance stated in this Agreement. 58 4 of 9 G. Security shall be released in the following manner: 1) Performance security shall be released upon the final completion and acceptance or approval, by the City Council of the Improvements subject to the provisions of Section 10 of this Agreement. 2) The City Engineer may authorize partial reduction of performance security as work progresses, upon application by Builder. However, no such reduction shall be for an amount less than Ten Percent (10%) of the total performance security provided for the faithful performance of the Improvements. In no event shall security be reduced below that required to guarantee the completion of the act or work or obligation secured, plus Ten Percent (10%). The City Engineer shall not allow more than two partial reductions of security furnished for any improvement agreement. 3) Participatory Improvement security shall be released upon payment by Builder of Builder's share of the cost or estimated cost of the Participatory Improvements. 4) If City receives no notice of recorded claims of lien, labor and materials security shall be released in full 90 days after final acceptance and/or approval by the City Council, of the Improvements. If City receives notice of any recorded lien, the provisions of the Subdivision Map Act shall apply. 5) No security given for the guarantee or warranty of work shall be released until the expiration of the warranty period and until any claims filed during the warranty period have been settled. As provided in paragraph 13 of this Agreement, the warranty period shall not commence until final acceptance of all the work and improvements by the City pursuant to Paragraph 10. Warranty security not utilized during the warranty period shall be released one year after final acceptance or approval by the City Council of all Improvements. However, if at the end of the one-year warranty period, there are one or more outstanding requests by City for performance of work or provision of materials under the terms of the warranty, warranty security shall be retained until the outstanding requests are satisfied or until Builder has made other arrangements satisfactory to the City Engineer. 6) City may retain from any security released an amount sufficient to cover costs and reasonable expenses and fees, including reasonable attorneys’ fees. 4. Permits Required. Prior to commencing any phase of work, Builder shall obtain all permits required for that phase of work and pay all required fees. Work performed under a permit or permits shall comply with all provisions of the required permits. 5. Off-site Improvements. When the construction of one or more of the Improvements requires or necessitates the acquisition of real property not owned by Builder or City, Builder shall use its best efforts purchase such real property at a reasonable price. In the event that Builder is unsuccessful, despite its best efforts, to acquire such real property at a reasonable price, Builder may request in writing that City attempt to acquire such real property. City may, but is not required to, agree to attempt to acquire such real property on behalf of Builder. If City so agrees, City and Builder shall enter a separate written agreement in a form acceptable to the City Attorney. Said separate agreement shall provide that Builder advance to City One Hundred Fifty Percent (150%) of the appraised fair market value of the real property. Any unexpended portion of said advance shall be refunded to Builder. Any additional funds required for acquisition of the real property shall be paid by Builder to City upon the conveyance of said real property to Builder. In no event shall the failure of Builder or City to acquire such real property excuse, waive, or otherwise terminate Builder's obligation to construct the applicable improvement pursuant to this Agreement or the Conditions of Approval. 6. Completion of Improvements; Inspection. 6.1 Construction of Improvements. Builder shall begin construction of the Improvements within ninety (90) days and shall complete construction within twelve (12) months after the approval of this Agreement. Portions of the Improvements may be completed at a later date, as determined by the City Engineer or as set forth in Exhibit A. Failure by Builder to begin or complete construction of the Improvements within the specified time periods shall constitute cause for City, in its sole discretion and 59 5 of 9 when it deems necessary, to declare Builder in default of this agreement, to revise improvement security requirements as necessary to ensure completion of the improvements, and/or to require modifications in the standards or sequencing of the Improvements in response to changes in standards or conditions affecting or affected by the Improvements. Said failure shall not otherwise affect the validity of this agreement or Builder's obligations hereunder. 6.2 Inspection. Builder shall at all times maintain proper facilities and safe access for inspection of the public improvements by City and to the shops wherein any work is in preparation. Upon completion of the work, the Builder may request a final inspection by the City Engineer or the City Engineer’s authorized representative. If the City Engineer or the designated representative determines that the work has been completed in accordance with this Agreement, then the City Engineer shall certify the completion of the public improvements to the City Council. No improvements shall be finally accepted unless all aspects of the work have been inspected and determined to have been completed in accordance with the Improvement Plans and City standards and accepted by the City as described in Paragraph 10 of this Agreement. Builder shall bear all costs of plan check, inspection and certification. 7. Force Majeure. In the event that Builder is unable to perform within the time limits herein due to strikes, act of God, or other events beyond Builder's control, the time limits for obligations affected by such events will be extended by the period of such events. 8. Time Extension. Builder may make application in writing to the City Council for an extension of time for completion of the Improvements. The City Council, in its sole and absolute discretion, may approve or deny the request or conditionally approve the extension with additions or revisions to the terms and conditions of this Agreement. As a condition of the time extension, Builder shall furnish securities, similar in form and substance to those required in SECTION 3 hereinabove, to cover the period of extension. The value of the securities shall be sufficient to ensure the performance of and payment for Improvements that remain incomplete at the time of the extension, and to provide warranty security on completed Improvements. 9. Survey Monuments. Before final approval of street improvements, Builder shall place survey monuments in accordance with the provisions of Sections 66495, et sec. of the Subdivision Map Act and of the La Quinta Municipal Code. Builder shall provide the City Engineer written proof that the monuments have been set, evidence of payment and receipt thereof by the engineer or surveyor setting the monuments, and intersection monument tie-outs for monuments set in public streets. 10. Final Acceptance of Improvements. At the completion of construction and prior to acceptance of the Improvements by City, Builder shall submit a request for final approval by City. The request shall be accompanied by any required certifications from Builder's engineers or surveyors, approval letters from other agencies having jurisdiction over and approval authority for improvements required by this Agreement or the Conditions of Approval, and any required construction quality documentation not previously submitted. Upon receipt of said request, the City Engineer or a duly-authorized representative will review the required documentation and will inspect the Improvements. If the Improvements are determined to be in accordance with applicable City standards and specifications, and as provided herein, obligations required by the Conditions set forth in the Resolution of Approval and this Agreement have been satisfied, and Builder has provided revised plans as required in Paragraph 12, hereinafter, the City Engineer shall recommend acceptance of the Improvements by the City Council. 11. Injury to Improvements. Until such time as the Improvements are accepted by City in accordance with Paragraph 10, Builder shall be responsible for and bear the risk of loss to any of the improvements constructed or installed. Until such time as all Improvements required by this Agreement are fully completed and accepted by City, Builder will be responsible for the care, maintenance of, and any damage to such improvements. City shall not, nor shall any officer or employee thereof, be liable or responsible for any accident, loss or damage, regardless of cause, happening or occurring to the work or improvements specified in this Agreement prior to the completion and acceptance of the work or improvements. All such risks shall be the responsibility of and are hereby assumed by Builder. 60 6 of 9 12. Revisions to Plans. When the Improvements have been inspected and approved by the City Engineer, Builder shall make any necessary revisions to the original plans held by City so the plans depict the actual Improvements constructed. When necessary revisions have been made, each separate sheet of the plans shall be clearly marked with the words "As-Built," "As-Constructed," or "Record Drawing," the marking shall be stamped by an engineer or surveyor, as appropriate for the improvements thereon, who is licensed to practice in California, and the plans shall be resubmitted to the City Engineer. 13. Improvement Warranty. Builder hereby guarantees the Improvements to City for a period of one (1) year, beginning on the date of final acceptance of the Improvements by the City Council, against any defective work or labor done, or defective materials furnished, and shall repair or replace such defective work or materials. If within the warranty period any work or improvement or part of any work or improvement done, furnished, installed, constructed or caused to be done, furnished, installed or constructed by Builder fails to fulfill any of the requirements of this Agreement or the improvement plans and specifications referred to herein, Builder shall without delay and without any cost to City, repair or replace or reconstruct any defective or otherwise unsatisfactory part or parts of the work or structure. Should Builder fail to act promptly or in accordance with this requirement, Builder hereby authorizes City, at City’s sole option, to perform the work twenty (20) days after mailing written notice of default to Builder and to Subdivider’s Surety, and agrees to pay the cost of such work by City. Should City determine that an urgency requires repairs or replacements to be made before Builder can be notified, City may, in its sole discretion, make the necessary repairs or replacement or perform the necessary work and Builder shall pay to City the cost of such repairs 14. Release of Security. City shall retain and release securities in accordance with the provisions of Section 3 of this agreement. Prior to the release of payment security, the City Engineer may require Builder to provide a title report or other evidence sufficient to show claims of lien, if any, that may affect the amount of payment security released. 15. City Right to Cure. If Builder fails to perform any obligation hereunder and such obligation has not been performed, or commenced and diligently pursued, within sixty (60) days after written notice of default from City, then City may perform the obligation, and Builder shall pay the entire cost of such performance by City including costs of suit and reasonable attorney's fees incurred by City in enforcing such obligation. In cases of emergency or compelling public interest, as determined by the City Engineer, the requirement for written notice of default and/or the passage of sixty (60) days shall be deemed waived and all other provisions of this Article shall remain in effect. 16. Injury to Public Improvements, Public Property or Public Utility Facilities. Builder shall replace or have replaced, or repair or have repaired, as the case may be, all public improvements, public utilities facilities and surveying or subdivision monuments which are destroyed or damaged as a result of any work performed under this Agreement. Builder shall bear the entire cost of replacement or repairs of any and all public or public utility property damaged or destroyed by reason of any work done under this Agreement, whether such property is owned by the United States or any agency thereof, or the State of California, or any agency or political subdivision thereof, or by City or any public or private utility corporation or by any combination of such owners. Any repair or replacement shall be to the satisfaction, and subject to the approval, of the City Engineer. 17. Indemnification. a. Neither City nor any and all of its officials, employees and agents (“Indemnified Parties”) shall be liable for any injury to persons or property occasioned by reason of the acts or omissions of Builder, its agents or employees in the performance of this Agreement. Builder further agrees to protect and hold harmless Indemnified Parties form any and all claims, demands, causes of action, liability or loss of any sort, including, but not limited to, attorney fees and litigation expenses, because of, or arising out of, acts or omissions of Builder, its agents or employees in the performance of this Agreement, including all claims, demands, causes of action, liability, or loss because of, or arising out of, in whole or in part, the design of construction of the Improvements. This indemnification and agreement to hold harmless shall extend to injuries to persons and damages or taking of property resulting from the design or construction of said subdivision, and the public improvements as provided herein, and in addition, to adjacent property owners as a consequence of the diversion of waters from the design or construction of public drainage systems, streets and other public improvements. 61 7 of 9 b. Acceptance by City of the Improvements shall not constitute an assumption by City of any responsibility for any damage or taking covered by this paragraph. City shall not be responsible for the design or construction of the subdivision or the improvements pursuant to the approved Improvement Plans or map, regardless of any negligent action or inaction taken by City in approving the plans or map, unless the particular improvement design was specifically required by City over written objection by Builder submitted to the City Engineer before approval of the particular improvement design, which objection indicated that the particular improvement design was dangerous or defective and suggested an alternative safe and feasible design. Except as may be provided above, City shall not be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving, reviewing, checking, or correcting any plans or specifications or in approving, reviewing or inspecting any work or construction. Nothing contained in this paragraph is intended to or shall be deemed to limit or waive any protections or immunities afforded by law to City or any and all of its officials, employees and agents (“Indemnified Parties”), by virtue of city’s approval of the plan or design of the Improvements, including without limitation the protections and immunities afforded by Government Code Section 830.6. After acceptance of the improvements, Builder shall remain obligated to eliminate any defect in design or dangerous condition caused by the design or construction defect; however, Builder shall not be responsible for routine maintenance. Provisions of this paragraph shall remain in full force and effect for ten (10) years following the acceptance by City of the Improvements. It is the intent of this paragraph that Builder shall be responsible for all liability for design and construction of the Improvements installed or work done pursuant to this Agreement and that city shall not be liable for any negligence, nonfeasance, misfeasance or malfeasance in approving, reviewing, checking, or correcting any plans or specifications or in approving, reviewing or inspecting any work or construction. The Improvement Security shall not be required to cover the provisions of this paragraph. 18. No Modification of Conditions. This Agreement shall in no respect act to modify or amend any provision of the Conditions of Approval. In the event that any requirement or condition of this Agreement is inconsistent with or fails to include one or more provisions of the Conditions of Approval, which document(s) is (are) incorporated herein by reference, the provisions in the Conditions of Approval shall remain in effect and shall control. 19. Severability. In the event that a court of competent jurisdiction determines that any provision or provisions of this Agreement are unenforceable, all provisions not so held shall remain in full force and effect. 20. Builder No Agent of City. Neither Builder nor any of Builder’s agents, employees, or contractors are or shall be considered to be agents of City in connection with the performance of Builder’s obligations under this Agreement. 21. General Provisions. A. All notices pursuant to this Agreement shall be in writing and shall be personally delivered or sent by registered or certified mail, return receipt requested, to the parties at their respective addresses indicated hereon. Notices personally delivered shall be effective upon delivery. Notices mailed as provided herein and sent postage prepaid shall be effective upon the date of delivery or refusal indicated on the return receipt. Either party may change its address for notices hereunder by notice to the other given in the manner provided in this subparagraph. B. The terms, conditions, covenants, and agreements set forth herein shall apply to and bind the heirs, executors, administrators, assigns, and successors of the parties hereto. C. Neither party to this Agreement relies upon any warranty or representation not contained in this Agreement. D. This Agreement shall be governed by and interpreted with respect to the laws of the State of California. E. In the event of any dispute between the parties with respect to this Agreement, the prevailing party shall be entitled to prompt payment of its reasonable attorneys' fees from the non-prevailing party. F. Any failure or delay by either party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies provided for hereunder. 62 63 9 of 9 Exhibit A SECURITY – TRACT MAP NO. 31348 OFF-SITE IMPROVEMENTS Improvements designated as "Participatory" have been or will be constructed by others. Security for Participatory Improvements shall remain in place indefinitely until called upon or released by City. Monumentation security shall guarantee performance of or payment for the work and shall be utilized or released as specified in Chapter 4, Article 9 of the Subdivision Map Act. As elements of the work are completed, Builder may request a maximum of two partial releases of performance security. Partial releases shall be for not less than ten percent (10%) of the total performance security for the Improvements and shall not reduce total performance security below the amount necessary to complete the Remaining Improvements plus ten percent (10%) of the original amount. Partial releases of performance security will be evaluated and may be granted, in whole or in part, by the City Engineer. Requests for partial releases, setting forth in detail the amount of work completed and the value thereof, shall be made in writing to the City Engineer. Labor & materials security shall remain in place until 90 days after all required Tract improvements are complete and accepted by the City Council. Improvement Description Performance Labor & Materials Sidewalk $ 9,000 $ 9,000 Landscaping $ 1,800 $ 1,800 Totals $ 10,800 $ 10,800 Standard 10% Contingency $ 1,080 $ 1,080 Professional Fees, Design 10% $ 1,080 $ 1,080 Professional Fees, Construction 10% $ 1,080 $ 1,080 Bond Amount $ 14,040 $ 14,040 64 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPROVE ASSIGNMENT AND ASSUMPTION AGREEMENT AND AMENDMENT TO DEVELOPMENT IMPROVEMENT AGREEMENT FOR AMENDED TRACT MAP NO. 31348, ESTATES AT POINT HAPPY, A RESIDENTIAL DEVELOPMENT LOCATED SOUTH OF HIGHWAY 111 AND WEST OF WASHINGTON STREET RECOMMENDATION Approve Assignment and Assumption Agreement and Amendment to Development Improvement Agreement for Amended Tract Map No. 31348, Estates at Point Happy, and authorize the City Manager to execute said agreement. EXECUTIVE SUMMARY Point Happy Lots, LLC has sold its interest in this tract (Attachment 1) to WH La Quinta 29, LLC (New Developer) and desires to assign the Development Improvement Agreement’s rights, interest, and obligations to the New Developer. New Developer requests approval of Assignment and Assumption Agreement and Amendment to Development Improvement Agreement (Agreement) (Attachment 2) for Amended Tract Map No. 31348. FISCAL IMPACT None. Developer reimbursements will be from settlement funds received from Surety bond. BACKGROUND/ANALYSIS Tract Map No. 31348 is a residential development located south of Highway 111 and west of Washington Street. In January 2014, Point Happy Lots, LLC entered into a Development Improvement Agreement for Amended Tract Map No. 31348. The CONSENT CALENDAR ITEM NO. 7 65 Development Improvement Agreement allows reimbursements to Point Happy Lots, LLC from settlement funds received from a Surety bond for the construction of the punch list items listed in the agreement for the tract. Point Happy Lots, LLC has sold its interest in this tract to New Developer and desires to assign the Development Improvement Agreement’s rights, interest, and obligations to the New Developer. ALTERNATIVES Staff does not recommend an alternative. Prepared by: Amy Yu, Associate Engineer Approved by: Bryan McKinney, P.E., Public Works Director / City Engineer Attachments: 1. Vicinity Map 2. Assignment and Assumption Agreement and Amendment to Development Improvement Agreement 66 TM 31348 THE ESTATES AT POINT HAPPY V I C I N I T Y M A P NOT TO SCALE ATTACHMENT 1 67 68 ATTACHMENT 2 69 70 71 72 73 74 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: ACCEPT SILVERROCK RETENTION BASIN SOIL STABILIZATION PROJECT NO. 2020-07, LOCATED AT THE SOUTHEAST CORNER OF AVENUE 52 AND SILVERROCK WAY RECOMMENDATION Accept the SilverRock Retention Basin Soil Stabilization project, as complete; authorize the City Clerk to file a Notice of Completion with the Office of the County Recorder; and authorize staff to release retention in the amount of $9,590, thirty-five days after the Notice of Completion is recorded. EXECUTIVE SUMMARY •The SilverRock Retention Basin Soil Stabilization project included landscape improvements and the installation of guardrails and ramp at the southeast corner of Avenue 52 and SilverRock Way (Attachment 1). •The work is complete and Council acceptance will close the contract and allow final payment. FISCAL IMPACT The following is the financial accounting for Project No. 2020-07: Original Contract Amount $ 180,600 Change Orders No. 1 - 2 $ 15,188 Final Contract Amount $ 195,788 Project Budget $ 437,250 Final Contract Amount ($ 195,788) Design, Professional, & Personnel Costs ($ 49,355) Inspection, Survey, Plans, & Other Construction Costs ($ 2,174) Remaining Balance $189,933 * All costs to date have been accounted for and no further costs are anticipated . The final retention amount of $9,590 will be paid from account number 401- 0000-20600. CONSENT CALENDAR ITEM NO. 8 75 BACKGROUND/ANALYSIS On November 16, 2021, Council awarded a $180,600 contract to Urban Habitat. On December 16, 2021, a Notice to Proceed was issued with a 90-working day completion time starting on January 3, 2022 and ending on May 10, 2022. The project was deemed substantially complete on March 25, 2022. Contract Change Order No. 1 was issued to allow for credit to change the Avenue 52 slope buried laterals. Contract Change Order No. 2 was issued for changes to the handrail at the ramp to the event site building. The project construction effort is complete and in compliance with the plans and specifications. Staff recommends acceptance and release of the retention thirty-five days after the Notice of Completion is recorded. ALTERNATIVES Staff does not recommend an alternative. Prepared by: Carley Escarrega, Management Assistant Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment: 1. Vicinity Map 76 ATTACHMENT 1ATTACHMENT 1 77 78 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: ACCEPT CITYWIDE MISCELLANEOUS AMERICANS WITH DISABILITIES ACT IMPROVEMENTS PROJECT NO. 2021-03 (COMMUNITY DEVELOPMENT BLOCK GRANT PROJECT NO. 4.LQ.42.21) LOCATED AT VARIOUS LOCATIONS ON AVENIDA BERMUDAS RECOMMENDATION Accept the Citywide Miscellaneous Americans with Disabilities Act Improvements Project as complete; authorize the City Clerk to file a Notice of Completion with the Office of the County Recorder; and authorize staff to release retention in the amount of $8,713, thirty-five days after the Notice of Completion is recorded. EXECUTIVE SUMMARY •The Citywide Miscellaneous Americans with Disabilities Act (ADA) Improvements project included constructing curb ramps and sidewalk along various locations on Avenida Bermudas (Attachment 1). •The work is complete and Council acceptance will close the contract and allow final payment. FISCAL IMPACT The following is the financial accounting for Project No. 2021-03: Original Contract Amount $ 164,134 Contract Change Order No. 1 $ 1,312 Contract Change Order No. 2 $ 8,813 Final Contract Amount $ 174,259 Project Budget CDBG Contribution Project Budget Total $ 77,623 $ 187,377 $ 265,000 Final Contract Amount ($ 174,259) CONSENT CALENDAR ITEM NO. 9 79 Design and Professional Costs ($ 27,113) Inspection, Survey, Plans, & Other Construction Costs ($ 4,000) Anticipated Funds Remaining* $ 59,628 * All costs to date have been accounted for and no further costs are anticipated . There are adequate funds to close this project; the final retention amount of $8,713 will be paid from account number 401-0000-20600. The anticipated savings ($59,628) will remain as available appropriations for this project until the completion of all phases. BACKGROUND/ANALYSIS On February 1, 2022, Council awarded a $164,134 contract to Universal Construction and Engineering. On March 1, 2022, a Notice to Proceed for the first phase was issued with a 20- working day completion time starting on March 7, 2022 and ending on April 1, 2022. On April 29, 2022, a Notice to Proceed for the last phase was issued with a 20 - working day completion time starting on May 2, 2022 and ending on May 27, 2022. The project was deemed substantially complete on May 25, 2022. No liquidated damages or early completion incentives are recommended. Contract Change Order No. 1 was issued to allow for extra sidewalk poured. Contract Change Order No. 2 was issued to allow for removal and replacement of catch basin deck and interlocking pavers. The project construction effort is complete and in compliance with the plans and specifications. Staff recommends acceptance and release of the retention thirty-five days after the Notice of Completion is recorded. ALTERNATIVES Staff does not recommend an alternative. Prepared by: Carley Escarrega, Management Assistant Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment: 1. Vicinity Map 80 *IMPORTANT* Maps and data are to be used for reference purposes only. Map features are approximate, and are not necessarily accurate to surveying or engineering standards. The County of Riverside makes no warranty or guarantee as to the content (the source is often third party), accuracy, timeliness, or completeness of any of the data provided, and assumes no legal responsibility for the information contained on this map. Any use of this product with respect to accuracy and precision shall be the sole responsibility of the user. © Riverside County GIS Feet Legend Citywide Miscellaneous ADA Improvements Notes 0 REPORT PRINTED ON...12/1/2021 11:06:40 AM Project Vicinity Map 3,009 6,019 Blueline Streams City Areas World Street Map ATTACHMENT 1 81 82 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: AWARD CONTRACT TO URBAN HABITAT FOR CONSTRUCTION OF THE LA QUINTA LANDSCAPE RENOVATION IMPROVEMENTS PROJECT NOS. 2016-03F2 & 2016-03F3, LOCATED AT THE LA QUINTA DESERT PRIDE, MARBELLA, AND SIERRA DEL REY DEVELOPMENTS, ON THE SOUTH SIDE OF MILES AVENUE, EAST AND WEST OF ADAMS STREET AND RETENTION BASIN LOCATED AT THE CORNER OF ASHLEY WAY AND DESERT STREAM DRIVE RECOMMENDATION Award a contract to Urban Habitat to construct the La Quinta Landscape Renovation Improvements Project located at La Quinta Desert Pride, Marbella, and Sierra Del Rey developments, on the south side of Miles Avenue, east and west side of Adams Street and the retention basin located at the corner of Ashley Way and Desert Stream Drive; and authorize the City Manager to execute the contract. EXECUTIVE SUMMARY •The projects are located at La Quinta Desert Pride Development and Marbella & Sierra Del Rey Developments. o The Desert Pride Development renovation (Project No. 2016-03F2), will take place on the south side of Miles Avenue, the entrance on Coldbrook Lane at Miles Avenue, the west side of Adams Street, the entrance on Bayberry Lane at Adams Street, and the entrance at Woodberry Lane at Adams Street (Attachment 1). o The Marbella and Sierra Del Rey Development renovations (Project 2016-03F3), will take place on the south side of Miles Avenue, east side entrance of Bridgette Way on Miles Avenue, east side of Adams Street, the entrance on Victoria Drive at Adams Street, and the retention basin located at the corner of Ashley Way and Desert Stream Drive. •Urban Habitat of La Quinta, California, submitted the lowest responsible and responsive bid at $1,595,208.71 (Attachment 2). CONSENT CALENDAR ITEM NO. 10 83 FISCAL IMPACT The 2020/21 Capital Improvement Program (CIP) allocates $9,963,148 to Landscape Renovation projects; $9,043,914 of Measure G Funds, $426,073 of General Funds, $479,661 of CVWD reimbursement, and $13,500 of Arts in Public Places Funds. The following is the project budget: Total Budget (All Phases) Phase 6.1 – Topaz Phase 6.2&6.3 – Desert Pride, Marbella & Sierra Del Rey Professional: $ 547,258 $ 20,000 $ 35,000 Design: $ 699,212 $ 86,692 $ 121,070 Inspection/Testing/Survey: $ 677,242 $ 115,000 $ 40,000 Construction: $ 6,970,407 $ 648,851 $ 1,595,208 Contingency: $ 1,069,029 $ 119,457 $ 160,000 Total Budget: $ 9,963,148 $ 990,000 $ 1,951,278 *Note:  Approximately $3,500,000 is expected to be available for the construction of Landscape Renovation Turf Conversion projects (X-Park, and Cactus Flower).  Staff anticipates approximately $48,000 in Coachella Valley Water District (CVWD) turf rebates. BACKGROUND/ANALYSIS The 2020/21 CIP prioritizes renovating the parkways in North La Quinta over the next year. These improvements will entail converting turf to the Desert Oasis landscape palette, which uses hardscape textures with minimal planting to create an aesthetically pleasing environment with lower installation, long- term maintenance, and water costs. Wall cleaning/painting complete the renovation effort. The parkway renovation effort is divided into seven phases. The sixth phase was divided into three sub-phases: 1. Topaz, 2. Desert Pride, 3. Sierra Del Rey & Marbella. The seventh phase, located at the Cactus Flower Development, is beginning design. On June 7, 2022, staff solicited construction bids from qualified contractors. The City received 3 bids on July 6, 2022. Urban Habitat of La Quinta, California, submitted the lowest responsible and responsive bid at $1,595,208.71 Contingent upon award of the project on July 19, 2022, the following is the project schedule: 84 Council Considers Project Award July 19, 2022 Execute Contract and Mobilize July 20 to August 2, 2022 Construction (90 Working Days) August 2022 to January 2023 Accept Improvements March 2023 ALTERNATIVES Staff does not recommend an alternative. Prepared by: Julie Mignogna, Management Analyst Approved by: Bryan McKinney, P.E., City Engineer Attachments: 1.Project Vicinity Map 2. Bid Comparison Summary 85 86 *IMPORTANT* Maps and data are to be used for reference purposes only. Map features are approximate, and are not necessarily accurate to surveying or engineering standards. The County of Riverside makes no warranty or guarantee as to the content (the source is often third party), accuracy, timeliness, or completeness of any of the data provided, and assumes no legal responsibility for the information contained on this map. Any use of this product with respect to accuracy and precision shall be the sole responsibility of the user. © Riverside County GIS Legend Notes REPORT PRINTED ON...2/22/2022 4:27:26 PM Vicinity Map Landscape Renovation 0 3,0091, 505 Feet Blueline Streams City Areas World Street Map ATTACHMENT 1 87 88 Bid Opening Date: 07/06/2022 La Quinta Landscape Renovation Improvements - Desert Pride, Marbella, and Sierra Del Rey City Project No. 2016-03F2 and 2016-03F3 Bid Comparison ATTACHMENT 2 Item Item Description Unit Quantity Unit Price Total Cost Unit Price Total Cost Unit Price Total Cost Unit Price Total Cost 1 Mobilization LS 1 42,000.00$ 42,000.00$ 19,342.46$ 19,342.46$ 25,000.00$ 25,000.00$ 50,000.00$ 50,000.00$ 2 Traffic Control and Plans LS 1 29,800.00$ 29,800.00$ 3,729.27$ 3,729.27$ 25,000.00$ 25,000.00$ 25,000.00$ 25,000.00$ 3 Dust Control LS 1 25,379.00$ 25,379.00$ 10,348.71$ 10,348.71$ 12,500.00$ 12,500.00$ 16,000.00$ 16,000.00$ 4 Clearing and Grubbing LS 1 8,460.00$ 8,460.00$ 44,465.29$ 44,465.29$ 60,000.00$ 60,000.00$ 70,000.00$ 70,000.00$ 5 Demolition and Disposal LS 1 21,000.00$ 21,000.00$ 32,196.00$ 32,196.00$ 60,000.00$ 60,000.00$ 95,000.00$ 95,000.00$ 6 Modify, Relocate, and Repair Existing Lighting Electrical System with New Fixtures LS 1 20,000.00$ 20,000.00$ -$ -$ 5,000.00$ 5,000.00$ 1.00$ 1.00$ 7 Install Solar Lighting LS 1 $ 10,000.00 $10,000.00 $43,607.55 43,607.55$ $50,000.00 50,000.00$ $26,000.00 26,000.00$ 8 Install New Sleeving per City Standard 600 LF 180 50.00$ 9,000.00$ 234.48$ 42,206.40$ 25.00$ 4,500.00$ 60.00$ 10,800.00$ 9 Remove and Replace 6' Sidewalk per City Standard No. 245 SF 675 10.00$ 6,750.00$ 31.08$ 20,979.00$ 25.00$ 16,875.00$ 35.00$ 23,625.00$ 10 Wall Cleaning LS 1 40,992.00$ 40,992.00$ 9,298.30$ 9,298.30$ 5,000.00$ 5,000.00$ 8,000.00$ 8,000.00$ 11 Soil Prep and Fine Grading LS 1 22,394.00$ 22,394.00$ 7,458.53$ 7,458.53$ 15,000.00$ 15,000.00$ 30,500.00$ 30,500.00$ 12 Furnish and Install Boulders per Plan - "Rustic Brown", 2' -3'EA 150 125.00$ 18,750.00$ 217.54$ 32,631.00$ 100.00$ 15,000.00$ 115.00$ 17,250.00$ 13 Furnish and Install 3/8" Apache Brown Crushed Rock SF 9,756 1.88$ 18,341.28$ 1.86$ 18,146.16$ 2.00$ 19,512.00$ 1.60$ 15,609.60$ 14 Furnish and Install 12"-18" Sierra Cobble SF 94 2.00$ 188.00$ 14.92$ 1,402.48$ 4.00$ 376.00$ 11.00$ 1,034.00$ 15 Furnish and Install 3/4" Desert Gold Crushed Rock SF 56,345 1.30$ 73,248.50$ 1.80$ 101,421.00$ 1.25$ 70,431.25$ 0.95$ 53,527.75$ 16 Furnish and Install 6" Minus Baja Cresta Rubble SF 20,585 3.50$ 72,047.50$ 3.48$ 71,635.80$ 4.00$ 82,340.00$ 3.00$ 61,755.00$ 17 Furnish and Install PermaLoc Header - Asphalt Edge LF 170 10.00$ 1,700.00$ 14.92$ 2,536.40$ 8.00$ 1,360.00$ 10.50$ 1,785.00$ 18 Furnish and Install Landscaping Per Plan LS 1 30,425.00$ 30,425.00$ 51,588.18$ 51,588.18$ 55,000.00$ 55,000.00$ 28,000.00$ 28,000.00$ 19 Furnish and Install Irrigation per Plan LS 1 235,372.00$ 235,372.00$ 172,167.80$ 172,167.80$ 200,000.00$ 200,000.00$ 240,000.00$ 240,000.00$ 20 Furnish and Install Keystone Block Tree Well - 5 Course Stack (Complete in place per detail)LF 243 80.00$ 19,440.00$ 54.52$ 13,248.36$ 75.00$ 18,225.00$ 170.00$ 41,310.00$ 21 Furnish and Install Keystone Block Retaining Wall - 4 Course Stack LF 776 90.00$ 69,840.00$ 45.71$ 35,470.96$ 60.00$ 46,560.00$ 81.00$ 62,856.00$ 22 Furnish and Install Keystone Block Retaining Wall - 6 Course Stack LF 709 100.00$ 70,900.00$ 62.71$ 44,461.39$ 100.00$ 70,900.00$ 110.00$ 77,990.00$ 23 90 - Day Maintenance Period LS 1 2,576.00$ 2,576.00$ 19,889.42$ 19,889.42$ 10,000.00$ 10,000.00$ 7,500.00$ 7,500.00$ 848,603.28$ 798,230.46$ 868,579.25$ 963,543.35$ Item Item Description Unit Quantity Unit Price Total Cost Unit Price Total Cost Unit Price Total Cost Unit Price Total Cost 24 Mobilization LS 1 40,000.00$ 40,000.00$ 19,342.46$ 19,342.46$ 25,000.00$ 25,000.00$ 68,100.00$ 68,100.00$ 25 Traffic Control and Plans LS 1 29,800.00$ 29,800.00$ 3,729.27$ 3,729.27$ 15,000.00$ 15,000.00$ 12,000.00$ 12,000.00$ 26 Dust Control LS 1 18,026.00$ 18,026.00$ 10,348.71$ 10,348.71$ 12,500.00$ 12,500.00$ 11,700.00$ 11,700.00$ 27 Clearing and Grubbing LS 1 89,536.00$ 89,536.00$ 85,602.20$ 85,602.20$ 40,000.00$ 40,000.00$ 85,000.00$ 85,000.00$ 28 Demolition and Disposal LS 1 51,750.00$ 51,750.00$ 37,093.77$ 37,093.77$ 40,000.00$ 40,000.00$ 60,600.00$ 60,600.00$ 29 Modify, Relocate, and Repair Existing Lighting Electrical System w/ New Fixtures LS 1 15,000.00$ 15,000.00$ 24,414.26$ 24,414.26$ 25,000.00$ 25,000.00$ 28,000.00$ 28,000.00$ 30 Install New Sleeving per City Standard 600 LF 60 50.00$ 3,000.00$ 263.04$ 15,782.40$ 25.00$ 1,500.00$ 60.00$ 3,600.00$ 31 Remove and Replace 6' Sidewalk per City Standard No. 245 SF 70 10.00$ 700.00$ 31.08$ 2,175.60$ 25.00$ 1,750.00$ 35.00$ 2,450.00$ 32 Metal Fencing LF 185 175.00$ 32,375.00$ 503.35$ 93,119.75$ 200.00$ 37,000.00$ 112.00$ 20,720.00$ 33 Wall Cleaning LS 1 576.00$ 576.00$ 6,762.40$ 6,762.40$ 5,000.00$ 5,000.00$ 2,525.00$ 2,525.00$ 34 Wall Patching and Painting SF 7,000 1.75$ 12,250.00$ 2.32$ 16,240.00$ 1.50$ 10,500.00$ 3.65$ 25,550.00$ 35 Soil Prep and Fine Grading LS 1 15,905.00$ 15,905.00$ 7,707.15$ 7,707.15$ 15,000.00$ 15,000.00$ 30,400.00$ 30,400.00$ 36 Furnish and Install Boulder - "Baja Cresta Red", 2'-3'EA 126 125.00$ 15,750.00$ 217.54$ 27,410.04$ 100.00$ 12,600.00$ 140.00$ 17,640.00$ 37 Furnish and Install 3/8" Apache Brown Crushed Rock SF 8,090 1.88$ 15,209.20$ 1.86$ 15,047.40$ 2.00$ 16,180.00$ 2.20$ 17,798.00$ 38 Furnish and Install 3/8" Desert Gold Stablized Decomposed Granite SF 6,865 2.00$ 13,730.00$ 1.55$ 10,640.75$ 2.00$ 13,730.00$ 2.00$ 13,730.00$ 39 Furnish and Install 3/4" Desert Gold Crushed Rock SF 68,260 1.30$ 88,738.00$ 1.12$ 76,451.20$ 1.25$ 85,325.00$ 0.90$ 61,434.00$ 40 Furnish and Install 6" Minus Baja Cresta Rubble SF 11,198 3.50$ 39,193.00$ 3.48$ 38,969.04$ 4.00$ 44,792.00$ 3.15$ 35,273.70$ 41 Furnish and Install 6" Minus Cresta Rubble SF 3,559 3.50$ 12,456.50$ 3.48$ 12,385.32$ 3.50$ 12,456.50$ 2.50$ 8,897.50$ 42 Furnish and Install 12" - 18" Sierra Cobble SF 103 2.00$ 206.00$ 14.92$ 1,536.76$ 4.00$ 412.00$ 11.00$ 1,133.00$ 43 Furnish and Install PermaLoc Header - Asphalt Edge LF 1,767 10.00$ 17,670.00$ 14.92$ 26,363.64$ 8.00$ 14,136.00$ 9.75$ 17,228.25$ 44 Furnish and Install Landscaping per Plan LS 1 43,295.00$ 43,295.00$ 49,847.86$ 49,847.86$ 70,000.00$ 70,000.00$ 33,000.00$ 33,000.00$ 45 Furnish and Install Irrigation per Plan LS 1 277,037.00$ 277,037.00$ 165,514.79$ 165,514.79$ 200,000.00$ 200,000.00$ 160,300.00$ 160,300.00$ 46 Furnish and Install Keystone Block LF 38 80.00$ 3,040.00$ 40.30$ 1,531.40$ 130.00$ 4,940.00$ 70.00$ 2,660.00$ 47 90 - Day Maintenace Period LS 1 4,736.00$ 4,736.00$ 21,754.05$ 21,754.05$ 10,000.00$ 10,000.00$ 15,000.00$ 15,000.00$ 839,978.70$ 769,770.22$ 712,821.50$ 734,739.45$ Sub-Total Base Bid Area 01 Bid: Urban Habitat Marina Landscape, Inc. Conserve LandCareEngineer's Estimate - Base Bids Sub-Total Base Bid Area 02 Bid: BASE BID AREA 02 - Marbella and Sierra Del Rey BASE BID AREA 01 - Desert Pride Page 1 of 2 89 Bid Opening Date: 07/06/2022 La Quinta Landscape Renovation Improvements - Desert Pride, Marbella, and Sierra Del Rey City Project No. 2016-03F2 and 2016-03F3 Attachment 2 - Bid Comparison Item Item Description Unit Quantity Unit Price Total Cost A1.1 Mobilization LS 1 4000 4,000.00$ 3,107.72$ 3,107.72$ 15,000.00$ 15,000.00$ 1,200.00$ 1,200.00$ A1.2 Sand Filter Maintenance LS 1 25000 25,000.00$ 24,100.31$ 24,100.31$ 40,000.00$ 40,000.00$ 16,000.00$ 16,000.00$ 29,000.00$ 27,208.03$ 55,000.00$ 17,200.00$ 1,717,581.98$ 1,595,208.71$ 1,636,400.75$ 1,715,482.80$ Miscaluations and Rounding Errors Conserve LandCare Marina Landscape, Inc. Grand Total Base Bid Area 01 , Base Bid Area 02 and Additive Alternate 01: ADDITIVE ALTERNATE 01 - Marbella and Sierra Del Rey Sub-Total Additive Alternate 01 Bid: Engineer's Estimate - Base Bids Urban Habitat Page 2 of 2 90 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: AWARD CONTRACT TO URBAN HABITAT FOR CONSTRUCTION OF THE LA QUINTA LANDSCAPE IMPROVEMENTS PROJECT NO. 2016-03G, LOCATED AT THE LA QUINTA X-PARK, ON THE SOUTH SIDE OF WESTWARD HO DRIVE AND EAST SIDE OF DUNE PALMS ROAD RECOMMENDATION Award a contract to Urban Habitat to construct the La Quinta Landscape Improvements Project located at the La Quinta X-Park, on the south side of Westward Ho Drive and east side of Dune Palms Road; and authorize the City Manager to execute the contract. EXECUTIVE SUMMARY •This landscape improvement project will complete the Measure G-funded La Quinta Landscape Renovation Project. The limits of the project include the frontage of the X-Park on both Dune Palms Road and Westward Ho Drive and the interior of the X-Park (Attachment 1). •The project includes: o Placing approximately 49,000 square feet of decomposed granite on the interior of the X-Park adjacent to features; o Placing parkway and driveway landscaping on approximately 30,000 square feet using the Desert Oasis plant pallet; o Wall cleaning and painting •Urban Habitat of La Quinta, California, submitted the lowest responsible and responsive bid at $529,819.52 (Attachment 2). FISCAL IMPACT The 2020/21 Capital Improvement Program (CIP) allocates $9,963,148 to Landscape Renovation projects; $9,043,914 of Measure G Funds, $426,073 of General Funds, $479,661 of CVWD reimbursement, and $13,500 of Arts in Public Places Funds. The following is the project budget: CONSENT CALENDAR ITEM NO. 11 91 Total Budget (All Phases) Phase 6.1 – Topaz Phase 6.2&6.3 – Desert Pride, Marbella & Sierra Del Rey X-Park* Professional: $ 547,258 $ 20,000 $ 35,000 $ 15,000 Design: $ 699,212 $ 86,692 $ 121,070 $ 30,000 Inspection/Tes ting/Survey: $ 677,242 $ 115,000 $ 40,000 $ 10,000 Construction: $ 6,970,407 $ 648,851 $ 1,595,208 $ 529,820 Contingency: $ 1,069,029 $ 119,457 $ 160,000 $ 30,000 Total Budget: $ 9,963,148 $ 990,000 $ 1,951,278 $ 614,820 *Note: Approximately $3,000,000 is expected to be available for the construction of Landscape Renovation Turf Conversion projects (Cactus Flower). BACKGROUND/ANALYSIS These improvements will entail completing the improvements at the X-Park with landscaping. The landscaping is designed using the Desert Oasis landscape palette, which uses hardscape textures with minimal planting to create an aesthetically pleasing environment with lower installation, long-term maintenance, and water costs. Both natural and artificial turf will be used at standing and resting areas. Wall cleaning/painting complete the renovation effort. There will also be a ‘board yard’ installed to allow participants to leave portions of skate boards no longer useable; this is a concept brought over from the skate park at the La Quinta Park. In order to keep dust and maintenance at a minimum, decomposed granite, turf, and artificial turf will be used on the interior of the X -Park. This will also allow for guests to freely move around the interior of the park without the need to avoid planting material. On June 7, 2022, staff solicited construction bids from qualified contractors. The City received 2 bids on July 6, 2022. Urban Habitat of La Quinta, California, submitted the lowest responsible and responsive bid at $529,819.52. Contingent upon award of the project on July 19, 2022, the following is the project schedule: Council Considers Project Award July 19, 2022 Execute Contract and Mobilize July 20 to August 12, 2022 Construction (30 Working Days) August to September 2022 Accept Improvements October 2022 92 ALTERNATIVES Staff does not recommend an alternative. Prepared by: Julie Mignogna, Management Analyst Approved by: Bryan McKinney, P.E., Public Works Director/ City Engineer Attachments: 1. Project Vicinity Map 2. Bid Comparison Summary 93 94 ATTACHMENT 1 N 95 96 Bid Opening Date: 07/06/2022X-Park Landscaping and Irrigation ImprovementsCity Project No. 2016-03GATTACHMENT 2ItemItem DescriptionUnitQuantityUnit Price Total CostUnit PriceTotal CostUnit PriceTotal Cost1 MobilizationLS 150,330.00$ 50,330.00$ 8,467.09$ 8,467.09$ 21,000.00$ 21,000.00$ 2 Traffic Control LS 110,300.00$ 10,300.00$ 1,320.92$ 1,320.92$ 3,000.00$ 3,000.00$ 3 Dust ControlLS 113,306.00$ 13,306.00$ 7,331.10$ 7,331.10$ 15,000.00$ 15,000.00$ 4Demolition and Disposal per Plans (including bollard removal)LS 110,000.00$ 10,000.00$ 9,071.42$ 9,071.42$ 15,000.00$ 15,000.00$ 5 Site Walls per PlanSF 1255.00$ 660.00$ 132.09$ 1,585.08$ 1,600.00$ 19,200.00$ 6 Clean/Paint Walls per PlanLS 17,000.00$ 7,000.00$ 6,510.28$ 6,510.28$ 4,000.00$ 4,000.00$ 7 Concrete for Board Yard per PlansSF 108 $ 10.00 $ 1,080.00 $19.81 2,139.48$ $70.00 7,560.00$ 8 Sidewalk Construction per PlansSF 60010.00$ 6,000.00$ 24.20$ 14,520.00$ 30.00$ 18,000.00$ 9 Stamped Concrete per PlansSF 48310.00$ 4,830.00$ 26.41$ 12,756.03$ 48.50$ 23,425.50$ 10 Drainage Concrete Box/Grate per PlansEA 7210.00$ 1,470.00$ 264.18$ 1,849.26$ 480.00$ 3,360.00$ 11Full Depth Asphalt Concrete Grind (4"±), Compact Existing Aggregate Base, and 4" Asphalt Concrete OverlaySF 840.00$ 320.00$ 396.27$ 3,170.16$ 1,250.00$ 10,000.00$ 12Modification of Existing Fence and Furnish and Install Pedestrian Gate per PlansEA 1 1,000.00$ 1,000.00$ 10,303.17$ 10,303.17$ 9,375.00$ 9,375.00$ 13 Trash Enclosure per PlansLS 120,000.00$ 20,000.00$ 50,729.94$ 50,729.94$ 100,000.00$ 100,000.00$ 14Keystone Block Wall 6" high block, 3-course. Locations to be determined in fieldLF 10080.00$ 8,000.00$ 49.05$ 4,905.00$ 80.00$ 8,000.00$ 15Clearing, Grubbing, Weed Abatement, and Soil Preparation (including rock and debris removal)LS 111,741.00$ 11,741.00$ 14,899.98$ 14,899.98$ 10,500.00$ 10,500.00$ 16Curb, including mow curb, median type curb, and modified median curb as designated in the PlansLF 1,80210.00$ 18,020.00$ 21.58$ 38,887.16$ 55.00$ 99,110.00$ 17 3/4" Crushed Rock - Desert GoldSF 18,0361.50$ 27,054.00$ 1.19$ 21,462.84$ 0.90$ 16,232.40$ 18 6" Minus Baja Cresta RubbleSF 2,6513.50$ 9,278.50$ 3.77$ 9,994.27$ 2.80$ 7,422.80$ 19 3/8" Crushed Rock - Apache BrownSF 1,0181.88$ 1,913.84$ 2.25$ 2,290.50$ 0.90$ 916.20$ 20 3/8" Minus Decomposed Granite - Desert Gold SF 36,1452.00$ 72,290.00$ 1.46$ 52,771.70$ 1.60$ 57,832.00$ 213/8" Minus Stabilized Decomposed Granite - Desert GoldSF 12,6152.50$ 31,537.50$ 1.26$ 15,894.90$ 1.60$ 20,184.00$ 22 Lawn - SodSF 4,2152.50$ 10,537.50$ 1.46$ 6,153.90$ 1.00$ 4,215.00$ 23 Artificial Turf with Heatblock TechnologySF 3,5909.50$ 34,105.00$ 20.79$ 74,636.10$ 15.50$ 55,645.00$ 24 Furnish and Install Boulders per PlansEA 36125.00$ 4,500.00$ 231.16$ 8,321.76$ 130.00$ 4,680.00$ 25 Furnish and Install Landscaping per PlansLS 118,005.00$ 18,005.00$ 57,198.49$ 57,198.49$ 42,000.00$ 42,000.00$ 26 Furnish and Install Irrigation per PlansLS 143,613.00$ 43,613.00$ 74,719.18$ 74,719.18$ 80,000.00$ 80,000.00$ 27 90 - Day Maintenance PeriodLS 12,375.00$ 2,375.00$ 15,851.04$ 15,851.04$ 1,500.00$ 1,500.00$ 28Apply Stained Arrow per Caltrans Standard Plan A24A, Bike Lane Arrow, Three-part applicationEA 1500.00$ 500.00$ 2,078.77$ 2,078.77$ 4,000.00$ 4,000.00$ 419,766.34$ 529,819.52$ 661,157.90$ 419,766.34$ 529,819.52$ 661,157.90$ Miscalculations and Rounding ErrorsGrand Total Base BidSub-Total Base Bid:Urban Habitat Marina Landscape, Inc.Engineer's Estimate - Base Bid97 98 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: AUTHORIZE OVERNIGHT TRAVEL FOR THE DESIGN AND DEVELOPMENT DIRECTOR, PLANNING MANAGER, SENIOR AND ASSOCIATE PLANNERS TO ATTEND AMERICAN PLANNING ASSOCIATION CALIFORNIA CHAPTER’S ANNUAL CONFERENCE IN ANAHEIM, CALIFORNIA, OCTOBER 1-4, 2022 RECOMMENDATION Authorize overnight travel for the Design and Development Director, Planning Manager, Senior and Associate Planners to attend the American Planning Association California Chapter’s Annual Conference in Anaheim, California, October 1-4, 2022. EXECUTIVE SUMMARY •The American Planning Association (APA) California Chapter is a network of practicing planners, citizens, and elected officials committed to urban, suburban, regional, and rural planning in the State of California. •The APA Conference attendees will participate in educational sessions, discussion forums and networking. FISCAL IMPACT Estimated expenses are $1,800 per attendee and includes conference registration, hotel, parking, travel, and meals for four days. Funds are included in the Design and Development 2022/2023 Travel and Training budget (101- 6001-60320 and 101-6002-60320). BACKGROUND/ANALYSIS The APA Conference provides networking and educational opportunities for planning professionals throughout California and the United States. The conference includes keynote speakers, concurrent tracks of programs/seminars, and practical “nuts and bolts” planning sessions dealing with various topics including recent trends and practices regarding land use policies, housing, community engagement, and environmental legislation. Recognizing that much of this conference occurs over the weekend, the planning staff attending will stagger their time during normal working hours to insure proper coverage in the department. CONSENT CALENDAR ITEM NO. 12 99 ALTERNATIVES Council may elect not to authorize this request. Prepared by: Cheri Flores, Planning Manager Approved by: Danny Castro, Design and Development Director 100 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: EXCUSE ABSENCE OF COMMISSIONER CALDWELL FROM THE JULY 12, 2022 PLANNING COMMISSION MEETING RECOMMENDATION Excuse absence of Commissioner Mary Caldwell from the July 12, 2022 Planning Commission meeting. EXECUTIVE SUMMARY On May 12, 2022, Commissioner Caldwell requested to be excused from the July 12, 2022 Planning Commission Meeting, as she would be out of the country. Commissioner Caldwell has no excused or unexcused absences for fiscal year 2022/23. FISCAL IMPACT No meeting attendance compensation is paid to absent members. BACKGROUND/ANALYSIS The Municipal Code states: “If any member of a board, commission or committee absents him/herself from two consecutive regular meetings, or absents him/herself from a total of three regular meetings within any fiscal year, his/her office shall become vacant and shall be filled as any other vacancy. A board, commission or committee member may request advance permission from the city council to be absent at one or more regular meetings due to extenuating circumstances, and/or may request the city council to excuse an absence after-the-fact where such extenuating circumstances prevented the member from seeking advance permission to be absent. If such permission or excuse is granted by the city council, the absence shall not be counted toward the above-stated limitations on absences.” ALTERNATIVES Council may deny this request, which would result in the absence being counted toward the Commissioner’s limitation on absences as noted above. Prepared by: Laurie McGinley, Acting Deputy City Clerk Approved by: Monika Radeva, City Clerk CONSENT CALENDAR ITEM NO. 13 101 102 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: AFFIRM RESOLUTION NO. 2021-035 FINDINGS RELATED TO THE STATE OF EMERGENCY DUE TO COVID-19 AUTHORIZING THE CITY MANAGER TO IMPLEMENT TELECONFERENCE ACCESSIBILITY ONLY WHEN A PUBLIC MEETING OF THE LEGISLATIVE BODY IS HELD VIRTUALLY PURSUANT TO ASSEMBLY BILL 361 (STATS. 2021, CH. 165) RECOMMENDATION Affirm Resolution No. 2021-035 findings related to the state of emergency due to COVID-19 authorizing the City Manager to implement teleconference accessibility only when a public meeting of the legislative body is held virtually pursuant to Assembly Bill 361 (Stats. 2021, Ch. 165). EXECUTIVE SUMMARY Pursuant to Assembly Bill 361 (Stats. 2021, Ch. 165) (AB 361), which waived certain provisions of the Ralph M. Brown Act (Brown Act) and authorized local agencies to hold public meetings via teleconferencing whenever a state of emergency exists that makes it unsafe to meet in person, Council must reconsider the circumstances of the state of emergency every 30 days and affirm the required findings in order to continue to allow teleconference accessibility for public meetings. On September 28, 2021, Council adopted Resolution No. 2021-035 (Attachment 1) making the required findings under AB 361 and authorizing the City Manager to implement teleconference accessibility to conduct public meetings. FISCAL IMPACT – None. BACKGROUND/ANALYSIS AB 361 was signed into law by the Governor on September 16, 2021, which went into effect immediately as urgency legislation (codified under Government Code § 54953) and waived certain provisions of the Brown Act in order to allow local agencies to continue to meet remotely. Specifically, the bill allows remote teleconference flexibility, but only when there is a state of emergency that makes it unsafe to meet in person. CONSENT CALENDAR ITEM NO. 14 103 In addition, AB 361 added specific procedures and clarified the requirements for conducting remote meetings, including the opportunity for the public to provide public comment in real time; the legislative body shall take no actions during disruptions; and the legislative body, by majority vote, shall determine that meeting in person would present imminent risk to the health or safety of attendees and shall affirm these findings every 30 days, in order to continue to allow teleconference accessibility for conducting public meetings [Government Code § 54953(e)(3)]. AB 361 will sunset on January 1, 2024. The City has implemented procedures for conducting public meetings to ensure full compliance with AB 361. In addition to the ability to attend public meetings in-person, teleconference accessibility via call-in option or an internet-based service option (via the Zoom Webinars platform) is listed on the published agenda for each meeting as well as on the City’s website. The City monitors attendance via teleconference as well as email correspondence (as published on the agenda) throughout each public meeting and provides access for public comment opportunities in real time both verbally and in writing. On September 28, 2021, Council adopted Resolution No. 2021-035 making the initially required findings under AB 361 in order to allow the City to continue to offer teleconference accessibility for public meetings after September 30, 2021, to help mitigate the spread of COVID-19. As noted above, Council must reconsider the state of emergency due to COVID- 19 every 30 days and affirm the findings under Resolution No. 2021-035. If approved, AB 361 teleconference procedures and accessibility for conducting public meetings would still be authorized, but notices of City legislative body meetings and agendas will include teleconference instructions and ability to participate by teleconference only when such AB 361 procedures are applied. Council has affirmed the findings under Resolution No. 2021-035 as follows:  October 19, 2021  November 16, 2021  December 7, 2021  December 21, 2021  January 18, 2022  February 15, 2022  March 15, 2022  April 5, 2022  May 3, 2022  May 17, 2022  June 7, 2022  June 21, 2022 Prepared by: Monika Radeva, City Clerk Approved by: Jon McMillen, City Manager Attachment: 1. Council Resolution No. 2021-035 104 RESOLUTION NO. 2021 - 035 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, AUTHORIZING THE CITY MANAGER TO IMPLEMENT TELECONFERENCE ACCESSIBILITY FOR CONDUCTING PUBLIC MEETINGS PURSUANT TO ASSEMBLY BILL 361 (STATS. 2021, CH. 165) WHEREAS, on March 4, 2020, the Governor of California proclaimed a State of Emergency to exist in California as a result of the threat of novel coronavirus disease 2019 (COVID-19); and WHEREAS, on March 17, 2020, the City Council adopted Emergency Resolution No. EM 2020-001, proclaiming a local emergency as defined in La Quinta Municipal Code Section 2.20.020, due to the threat of the existence and spread of COVID-19; and WHEREAS, on March 17, 2020, the Governor of California executed Executive Order N-29-20 which suspended and modified specified provisions in the Ralph M. Brown Act (Government Code Section § 54950 et seq.) and authorized local legislative bodies to hold public meetings via teleconferencing and to make public meeting accessible telephonically or otherwise electronically to all members of the public seeking to observe and address the local legislative body; and WHEREAS, on June 11, 2021, the Governor of California executed Executive Order N-08-21 which extended the provisions of Executive Order N- 29-20 concerning teleconference accommodations for public meetings through September 30, 2021; and WHEREAS, on September 16, 2021, the Governor of California signed into law Assembly Bill 361 (AB 361, Rivas) (Stats. 2021, ch. 165) amending Government Code § 54953 and providing alternative teleconferencing requirements to conduct public meetings during a proclaimed state of emergency; and WHEREAS, AB 361 (Stats. 2021, ch. 165) imposes requirements to ensure members of the public are able to attend and participate in public meetings conducted via teleconference, including: ATTACHMENT 1 105 Resolution No. 2021 – 035 Teleconference Procedures for Conducting Public Meetings Pursuant to AB 361 (Stats. 2021, ch. 165) Adopted: September 28, 2021 Page 2 of 4 Notice of the means by which members of the public may access the meeting and offer public comment, including an opportunity for all persons to attend via a call-in option or an internet-based service option; The legislative body shall take no further action on agenda items when there is a disruption which prevents the public agency from broadcasting the meeting, or in the event of a disruption within the local agency’s control which prevents members of the public from offering public comments, until public access is restored; Prohibits the legislative body from requiring public comments to be submitted in advance of the meeting and specifies that the legislative body must provide an opportunity for members of the public to address the legislative body and offer comments in real time; Prohibits the legislative body from closing the public comment period until the public comment period has elapsed or until a reasonable amount of time has elapsed; and WHEREAS, the City has already implemented and is in full compliance with the requirements listed above when conducting public meetings via teleconference, which are now codified in Government Code § 54953(e)(2)(B- G); and WHEREAS, pursuant to Government Code § 54953(e)(B), the legislative body shall hold a meeting during a proclaimed state of emergency for the purpose of determining, by majority vote, whether as a result of the emergency, meeting in person would present imminent risks to the health and safety of attendees. The City Council must make these findings no later than 30 days after the first teleconferenced meeting is held pursuant to AB 361 (Stats. 2021, ch. 165) after September 30, 2021, and must also make these findings every 30 days thereafter, in order to continue to allow teleconference accessibility for conducing public meetings. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. The City Council hereby declares that the recitals set forth above are true and correct, and incorporated into this resolution as findings of the City Council. 106 Resolution No. 2021 – 035 Teleconference Procedures for Conducting Public Meetings Pursuant to AB 361 (Stats. 2021, ch. 165) Adopted: September 28, 2021 Page 3 of 4 SECTION 2. The City Council hereby declares that a state of emergency as a result of the threat of COVID-19 still exists and continues to impact the ability of members of the public, the City Council, City Boards, Commissions, and Committees, City staff and consultants to meet safely in person. SECTION 3. The State of California and the City of La Quinta continue to follow safety measures in response to COVID-19 as ordered or recommended by the Centers for Disease Control and Prevention (CDC), California Department of Public Health (DPH), and/or County of Riverside, as applicable, including facial coverings when required and social distancing. SECTION 4. The City Council hereby declares that, pursuant to the findings listed in this Resolution, the City Manager is authorized to utilize teleconferencing accessibility to conduct public meetings pursuant to AB 361 (Stats. 2021, ch. 165) and Government Code § 54953, as amended thereby. SECTION 5. Severability: If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Resolution is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Resolution. The City Council hereby declares that it would have adopted this Resolution and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared unconstitutional. SECTION 6. Effective Date: This Resolution shall become effective immediately upon adoption. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 28th day of September, 2021, by the following vote: AYES: Council Members Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans NOES: None ABSENT: None ABSTAIN: None 107 108 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPROVE SHORT-FORM SERVICES AGREEMENTS WITH ACORN TECHNOLOGIES, INC TO PROVIDE TRAFFIC INFRASTRUCTURE INFORMATION TECHNOLOGY SUPPORT SERVICES AND PUBLIC SAFETY CAMERA SYSTEM INFORMATION TECHNOLOGY SUPPORT SERVICES RECOMMENDATION Approve Short-Form Services Agreements with Acorn Technologies, Inc., to provide traffic infrastructure information technology support services, and public safety camera system information technology support services ; and authorize the City Manager to execute the agreements. EXECUTIVE SUMMARY •The City has invested $3.25 million in City and Federal grant funds to install fiber optic traffic signal controller communications links and new traffic signal controllers; and has invested $1.37 million in a Public Safety Camera System. •The traffic signal control system is managed via Centracs Traffic Management Software with three traffic servers and traffic infrastructure information technology (IT) support services are needed. •IT support services are also needed for the City’s Public Safety Camera System. •Acorn Technologies, Inc. (Acorn) provides IT services for the City. •Per the purchasing policy, amounts paid in total to vendors or contractors over $50,000 must be approved by Council. FISCAL IMPACT Funding is available in the Information Technology services Software Implementation/Enhancements account (502-0000-71049) for the cost of both agreements, $7,200 for traffic IT support and $1,980 for public safety camera system IT support. CONSENT CALENDAR ITEM NO. 15 109 BACKGROUND/ANALYSIS The City has invested $156,100 in fiber optic signal interconnects and new traffic signal controllers in conjunction with the City’s $3.1 million investment in signal coordination citywide pursuant to the Highway Safety Improvement Program (HSIP) grants the City received in 2016. The City is working with the Coachella Valley Association of Governments (CVAG) to ensure that the City’s system is coordinated with CVAG’s valley-wide traffic signal coordination initiative. Once the CVAG valley-wide system is complete, they will be responsible for the information technology support for the City’s system. The City’s current traffic signal control system employs Centracs signal management software and has three servers (data base and communications). IT support services are needed to provide traffic infrastructure support and public safety camera system support, as needed. Acorn currently provides IT Services for the City and is qualified to provide the necessary services for the traffic and camera system infrastructure. The current contract with Acorn exceeds $50,000 and per the purchasing policy, amounts paid in total to vendors or contractors over this threshold must be approved by Council. ALTERNATIVES Council may elect to deny, delay or modify these agreements, or direct staff to bid these services. Prepared by: Julie Mignogna, Management Analyst Approved by: Bryan McKinney, Public Works Director/City Engineer Attachments: 1.Traffic IT Agreement with Acorn Technologies, Inc. 2. Public Safety Camera IT Agreement with Acorn Technologies, Inc. 110 1 CITY OF LA QUINTA SHORT-FORM SERVICES AGREEMENT ($25,000 OR LESS) 1.PARTIES AND DATE. This Agreement is made and entered into this 19th day of July, 2022, (“Effective Date”) by and between the City of La Quinta, a Municipal Corporation and Charter City organized under the Constitution and laws of the State of California with its principal place of business at 78495 Calle Tampico, La Quinta, CA (“City”) and Acorn Technology Services, with its principal place of business at 1960 Chicago Avenue Suite E9 Riverside, CA 92507 (“Vendor”). City and Vendor are sometimes individually referred to as “Party” and collectively as “Parties” in this Agreement. 2.TERMS AND CONDITIONS. The Parties shall comply with the terms and conditions in the attached Exhibit “A.” 3.SCOPE AND SCHEDULE OF SERVICES. Vendor shall provide to City the services pursuant to the date(s) and schedule(s) described in accordance with the schedule set forth in Exhibit “B.” 4.TERM. The term of this Agreement shall be from July 1, 2022 to June 30, 2023, unless earlier terminated as set forth in the attached Terms and Conditions. 5.COMPENSATION. Vendor shall receive compensation for services rendered under this Agreement at the rates and schedule set forth in the attached Exhibit “C” but in no event shall Vendor’s compensation exceed Seven Thousand Two Hundred Dollars ($7,200) without written amendment. 6.FORCE MAJEURE. The time period specified for performance of the services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of Vendor including, but not restricted to, acts of God or of the public enemy, fires, earthquakes, floods, epidemic, quarantine restrictions, riots, strikes, freight embargoes, acts of any governmental agency other than City, and unusually severe weather, if Vendor shall within ten (10) days of the commencement of such delay notify the City in writing of the causes of the delay. The City shall ascertain the facts and the extent of delay and extend the time for performing the Services for the period of the forced delay when and if in their judgment such delay is justified, and the City’s determination shall be final and conclusive upon the parties to this Agreement. Extensions to time periods for performance of services, which are determined ATTACHMENT 1 111 2 by the City to be justified pursuant to this Section, shall not entitle the Vendor to additional compensation unless City expressly agrees to an increase in writing. 7.INSURANCE. In accordance with Section 4 of Exhibit “A,” Vendor shall, at its expense, procure and maintain for the duration of the Agreement such insurance policies as checked below and provide proof of such insurance policies to the City. Vendor shall obtain policy endorsements on Commercial General Liability Insurance that name Additional Insureds as follows: The City of La Quinta, its officers, officials, employees and agents. Commercial General Liability Insurance: $1,000,000 per occurrence/$2,000,000 aggregate OR $2,000,000 per occurrence/$4,000,000 aggregate Additional Insured Endorsement naming City of La Quinta (above) Primary and Non-Contributory Endorsement Automobile Liability: $1,000,000 combined single limit for bodily injury and property damage. Workers’ Compensation: Statutory Limits / Employer’s Liability $1,000,000 per accident or disease Workers’ Compensation Endorsement with Waiver of Subrogation Professional Liability (Errors and Omissions): Errors and Omissions liability insurance with a limit of not less than $1,000,000 per claim Cyber Liability: $1,000,000 per occurrence/$2,000,000 aggregate 112 3 IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed on the day and year first above written. CITY OF LA QUINTA ACORN TECHNOLOGY SERVICES a California Municipal Corporation, and Charter City JON MCMILLEN MICKEY MCGUIRE City Manager Chief Executive Officer ATTEST: ______________________________ MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: ______________________________ WILLIAM H. IHRKE, City Attorney City of La Quinta, California 113 A-1 EXHIBIT “A” TERMS AND CONDITIONS 1. Compensation. Vendor shall be paid on a time and materials or lump sum basis, as may be set forth in Exhibit “C”, within 30 days of completion of the Work and approval by the City. 2. Compliance with Law. Vendor shall comply with all applicable laws and regulations of the federal, state and local government. Vendor shall assist the City, as requested, in obtaining and maintaining all permits required of Vendor by Federal, State and local regulatory agencies. Vendor is responsible for all costs of clean up and/or removal of hazardous and toxic substances spilled as a result of his or her Work. 3. Standard of Care. The Vendor shall perform the Work in accordance with generally accepted professional practices and principles and in a manner consistent with the level of care and skill ordinarily exercised by members of the profession practicing under similar conditions. 4. Insurance. The Vendor shall take out and maintain, during the performance of all work under this Agreement: A. Commercial General Liability Insurance in the amounts specified in Section 7 of the Agreement for bodily injury, personal injury and property damage, at least as broad as Insurance Services Office Commercial General Liability coverage (Occurrence Form CG 0001), and if no amount is selected in Section 7 of the Agreement, the amounts shall be $1,000,000 per occurrence/$2,000,000 aggregate; B. Automobile Liability Insurance for bodily injury and property damage including coverage for owned, non-owned and hired vehicles, of at least $1,000,000 per accident for bodily injury and property damage, at least as broad as Insurance Services Office Form Number CA 0001 (ed. 6/92) covering automobile liability, Code 1 (any auto); C. Workers’ Compensation in compliance with applicable statutory requirements and Employer's Liability Coverage of at least $1,000,000 per accident or disease. Vendor shall also submit to City a waiver of subrogation endorsement in favor of city, and D. Professional Liability (Errors and Omissions) coverage, if checked in section 6 of the Agreement, with a limit not less than $1,000,000 per claim and which shall be endorsed to include contractual liability. Insurance carriers shall be authorized by the Department of Insurance, State of California, to do business in California and maintain an agent for process within the state. Such insurance carrier shall have not less than an "A"; "Class VII" according to the latest Best Key Rating unless otherwise approved by the City. Contracting Party shall procure and maintain Cyber Liability insurance with limits of $1,000, 000 per occurrence/ loss which shall include the following coverage: a. Liability arising from the theft, dissemination and/ or use of confidential or personally identifiable information; including credit monitoring and regulatory fines arising from such theft, dissemination or use of the confidential information. b. Network security liability arising from the unauthorized use of, access to, or tampering with computer systems. c. Liability arising from the failure of technology products software) required under the contract for Consultant to properly perform the services intended. d. Electronic Media Liability arising from personal injury, plagiarism or misappropriation of ideas, domain name infringement or improper deep -linking or framing, and infringement or violation of intellectual property rights. e. Liability arising from the failure to render professional services. 5. Indemnification. The Vendor shall indemnify and hold harmless the City, its Council, members of the Council, agents and employees of the City, against any and all claims, liabilities, expenses or damages, including responsible attorneys’ fees, for injury or death of any person, or damage to property, or interference with use of property, or any claim of the Vendor or subcontractor for wages or benefits which arise in connection with the performance of this Agreement, except to the extent caused or resulting from the active negligence or willful misconduct of the City, its Council, members of the Council, agents and employees of the City. The foregoing indemnity includes, but is not limited to, the cost of prosecuting or defending such action with legal counsel acceptable to the City and the City’s attorneys’ fees incurred in such an action. 114 A-2 6. Laws and Venue. This Agreement shall be interpreted in accordance with the laws of the State of California. If any action is brought to interpret or enforce any term of this Agreement, the action shall be brought in a state or federal court situated in the County of Riverside, State of California. 7. Termination. The City may terminate the services procured under this Agreement by giving 10 calendar days written notice to Vendor. In such event, the City shall be immediately given title and possession to any original field notes, drawings and specifications, written reports and other documents produced or developed for the services. The City shall pay Vendor the reasonable value of services completed prior to termination. The City shall not be liable for any costs other than the charges or portions thereof which are specified herein. Vendor shall not be entitled to payment for unperformed services, and shall not be entitled to damages or compensation for termination of work. Vendor may terminate its obligation to provide services under this Agreement upon 30 calendar days' written notice to the City only in the event of City’s failure to perform in accordance with the terms of this Agreement through no fault of Vendor. 8. Agreement Terms. Nothing herein shall be construed to give any rights or benefits to anyone other than the City and the Vendor. The unenforceability, invalidity or illegality of any provision(s) of this Agreement shall not render the other provisions unenforceable, invalid or illegal. Notice may be given or delivered by depositing the same in any United States Post Office, certified mail, return receipt requested, postage prepaid, addressed to the parties to the addresses set forth in the Agreement. Vendor shall not assign, sublet, or transfer this Agreement or any rights under or interest in this Agreement without the written consent of the City, which may be withheld for any reason. Vendor is retained as an independent contractor and is not an employee of the City. No employee or agent of Vendor shall become an employee of the City. The individuals signing this Agreement represent that they have the authority to sign on behalf of the parties and bind the parties to this Agreement. This is an integrated Agreement representing the entire understanding of the parties as to those matters contained herein, and supersedes and cancels any prior oral or written understanding or representations with respect to matters covered hereunder. This Agreement may not be modified or altered except in writing signed by both parties hereto. 115 C-1 EXHIBIT “B” SCOPE AND SCHEDULE OF SERVICES SCOPE OF WORK: Monthly Traffic Infrastructure support for: o 1 New Network (Traffic) o 3 Servers o 1 Router o 1 QNAP to store backup SCHEDULE: Vendor shall complete services identified in the Scope as requested by City within the time allowed by the total amount of Compensation. 116 C-1 EXHIBIT “C” COMPENSATION FOR SERVICES As provided in Section 5 of this Agreement, the maximum total Compensation to be paid to Vendor under this Agreement is Seven Thousand Two Hundred Dollars ($7,200) (“Compensation”) as detailed below. The Compensation shall be paid to Vendor for the work tasks performed and properly invoiced by Vendor. Deliverables: •Monthly maintenance fee for Traffic Infrastructure support (12 months) $600 per month for 12 months of support services Total cost: $7,200 117 118 1 CITY OF LA QUINTA SHORT-FORM SERVICES AGREEMENT ($25,000 OR LESS) 1.PARTIES AND DATE. This Agreement is made and entered into this 19th day of July, 2022, (“Effective Date”) by and between the City of La Quinta, a Municipal Corporation and Charter City organized under the Constitution and laws of the State of California with its principal place of business at 78495 Calle Tampico, La Quinta, CA (“City”) and Acorn Technology Services, with its principal place of business at 1960 Chicago Avenue Suite E9 Riverside, CA 92507 (“Vendor”). City and Vendor are sometimes individually referred to as “Party” and collectively as “Parties” in this Agreement. 2.TERMS AND CONDITIONS. The Parties shall comply with the terms and conditions in the attached Exhibit “A.” 3.SCOPE AND SCHEDULE OF SERVICES. Vendor shall provide to City the services pursuant to the date(s) and schedule(s) described in accordance with the schedule set forth in Exhibit “B.” 4.TERM. The term of this Agreement shall be from July 1, 2022 to June 30, 2023, unless earlier terminated as set forth in the attached Terms and Conditions. 5.COMPENSATION. Vendor shall receive compensation for services rendered under this Agreement at the rates and schedule set forth in the attached Exhibit “C” but in no event shall Vendor’s compensation exceed One Thousand Nine Hundred and Eighty Dollars ($1,980) without written amendment. 6.FORCE MAJEURE. The time period specified for performance of the services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of Vendor including, but not restricted to, acts of God or of the public enemy, fires, earthquakes, floods, epidemic, quarantine restrictions, riots, strikes, freight embargoes, acts of any governmental agency other than City, and unusually severe weather, if Vendor shall within ten (10) days of the commencement of such delay notify the City in writing of the causes of the delay. The City shall ascertain the facts and the extent of delay and extend the time for performing the Services for the period of the forced delay when and if in their judgment such delay is justified, and the City’s determination shall be final and conclusive upon the parties to this Agreement. Extensions to time periods for performance of services, which are determined ATTACHMENT 2 119 2 by the City to be justified pursuant to this Section, shall not entitle the Vendor to additional compensation unless City expressly agrees to an increase in writing. 7.INSURANCE. In accordance with Section 4 of Exhibit “A,” Vendor shall, at its expense, procure and maintain for the duration of the Agreement such insurance policies as checked below and provide proof of such insurance policies to the City. Vendor shall obtain policy endorsements on Commercial General Liability Insurance that name Additional Insureds as follows: The City of La Quinta, its officers, officials, employees and agents. Commercial General Liability Insurance: $1,000,000 per occurrence/$2,000,000 aggregate OR $2,000,000 per occurrence/$4,000,000 aggregate Additional Insured Endorsement naming City of La Quinta (above) Primary and Non-Contributory Endorsement Automobile Liability: $1,000,000 combined single limit for bodily injury and property damage. Workers’ Compensation: Statutory Limits / Employer’s Liability $1,000,000 per accident or disease Workers’ Compensation Endorsement with Waiver of Subrogation Professional Liability (Errors and Omissions): Errors and Omissions liability insurance with a limit of not less than $1,000,000 per claim Cyber Liability: $1,000,000 per occurrence/$2,000,000 aggregate 120 3 IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed on the day and year first above written. CITY OF LA QUINTA ACORN TECHNOLOGY SERVICES a California Municipal Corporation, and Charter City JON MCMILLEN MICKEY MCGUIRE City Manager Chief Executive Officer ATTEST: ______________________________ MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: ______________________________ WILLIAM H. IHRKE, City Attorney City of La Quinta, California 121 A-1 EXHIBIT “A” TERMS AND CONDITIONS 1. Compensation. Vendor shall be paid on a time and materials or lump sum basis, as may be set forth in Exhibit “C”, within 30 days of completion of the Work and approval by the City. 2. Compliance with Law. Vendor shall comp ly with all applicable laws and regulations of the federal, state and local government. Vendor shall assist the City, as requested, in obtaining and maintaining all permits required of Vendor by Federal, State and local regulatory agencies. Vendor is responsible for all costs of clean up and/or removal of hazardous and toxic substances spilled as a result of his or her Work. 3. Standard of Care. The Vendor shall perform the Work in accordance with generally accepted professional practices and principles and in a manner consistent with the level of care and skill ordinarily exercised by members of the profession practicing under similar conditions. 4. Insurance. The Vendor shall take out and maintain, during the performance of all work under this Agreement: A. Commercial General Liability Insurance in the amounts specified in Section 7 of the Agreement for bodily injury, personal injury and property damage, at least as broad as Insurance Services Office Commercial General Liability coverage (Occurrence Form CG 0001), and if no amount is selected in Section 7 of the Agreement, the amounts shall be $1,000,000 per occurrence/$2,000,000 aggregate; B. Automobile Liability Insurance for bodily injury and property damage including coverage for owned, non-owned and hired vehicles, of at least $1,000,000 per accident for bodily injury and property damage, at least as broad as Insurance Services Office Form Number CA 0001 (ed. 6/92) covering automobile liability, Code 1 (any auto); C. Workers’ Compensation in compliance with applicable statutory requirements and Employer's Liability Coverage of at least $1,000,000 per accident or disease. Vendor shall also submit to City a waiver of subrogation endorsement in favor of city, and D. Professional Liability (Errors and Omissions) coverage, if checked in section 6 of the Agreement, with a limit not less than $1,000,000 per claim and which shall be endorsed to include contractual liability. Insurance carriers shall be authorized by the Department of Insurance, State of California, to do business in California and maintain an agent for process within the state. Such insurance carrier shall have not less than an "A"; "Class VII" according to the latest Best Key Rating unless otherwise approved by the City. Contracting Party shall procure and maintain Cyber Liability insurance with limits of $1,000, 000 per occurrence/ loss which shall include the following coverage: a. Liability arising from the theft, dissemination and/ or use of confidential or personally identifiable information; including credit monitoring and regulatory fines arising from such theft, dissemination or use of the confidential information. b. Network security liability arising from the unauthorized use of, access to, or tampering with computer systems. c. Liability arising from the failure of technology products software) required under the contract for Consultant to properly perform the services intended. d. Electronic Media Liability arising from personal injury, plagiarism or misappropriation of ideas, domain name infringement or improper deep -linking or framing, and infringement or violation of intellectual property rights. e. Liability arising from the failure to render professional services. 5. Indemnification. The Vendor shall indemnify and hold harmless the City, its Council, members of the Council, agents and employees of the City, against any and all claims, liabilities, expenses or damages, including responsible attorneys’ fees, for injury or death of any person, or damage to property, or interference with use of property, or any claim of the Vendor or subcontractor for wages or benefits which arise in connection with the performance of this Agreement, except to the extent caused or resulting from the active negligence or willful misconduct of the City, its Council, members of the Council, agents and employees of the City. The foregoing indemnity includes, but is not limited to, the cost of prosecuting or defending such action with legal counsel acceptable to the City and the City’s attorneys’ fees incurred in such an action. 122 A-2 6. Laws and Venue. This Agreement shall be interpreted in accordance with the laws of the State of California. If any action is brought to interpret or enforce any term of this Agreement, the action shall be brought in a state or federal court situated in the County of Riverside, State of California. 7. Termination. The City may terminate the services procured under this Agreement by giving 10 calendar days written notice to Vendor. In such event, the City shall be immediately given title and possession to any original field notes, drawings and specifications, written reports and other documents produced or developed for the services. The City shall pay Vendor the reasonable value of services completed prior to termination. The City shall not be liable for any costs other than the charges or portions thereof which are specified herein. Vendor shall not be entitled to payment for unperformed services, and shall not be entitled to damages or compensation for termination of work. Vendor may terminate its obligation to provide services under this Agreement upon 30 calendar days' written notice to the City only in the event of City’s failure to perform in accordance with the terms of this Agreement through no fault of Vendor. 8. Agreement Terms. Nothing herein shall be construed to give any rights or benefits to anyone other than the City and the Vendor. The unenforceability, invalidity or illegality of any provision(s) of this Agreement shall not render the other provisions unenforceable, invalid or illegal. Notice may be given or delivered by depositing the same in any United States Post Office, certified mail, return receipt requested, postage prepaid, addressed to the parties to the addresses set forth in the Agreement. Vendor shall not assign, sublet, or transfer this Agreement or any rights under or interest in this Agreement without the written consent of the City, which may be withheld for any reason. Vendor is retained as an independent contractor and is not an employee of the City. No employee or agent of Vendor shall become an employee of the City. The individuals signing this Agreement represent that they have the authority to sign on behalf of the parties and bind the parties to this Agreement. This is an integrated Agreement representing the entire understanding of the parties as to those matters contained herein, and supersedes and cancels any prior oral or written understanding or representations with respect to matters covered hereunder. This Agreement may not be modified or altered except in writing signed by both parties hereto. 123 C-1 EXHIBIT “B” SCOPE AND SCHEDULE OF SERVICES SCOPE OF WORK: Monthly Public Safety Camera System support for: •(1) Directory Server •(1) Cisco Switch in the Server Rack SCHEDULE: Vendor shall complete services identified in the Scope as requested by City within the time allowed by the total amount of Compensation. 124 C-1 EXHIBIT “C” COMPENSATION FOR SERVICES As provided in Section 5 of this Agreement, the maximum total Compensation to be paid to Vendor under this Agreement is One Thousand Nine Hundred and Eighty Dollars ($1,980) (“Compensation”) as detailed below. The Compensation shall be paid to Vendor for the work tasks performed and properly invoiced by Vendor. Deliverables: •Monthly maintenance fee for Traffic Infrastructure support (12 months) $165 per month for 12 months of support services Total cost: $1,980 125 126 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPROVE AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT SERVICES WITH GOVINVEST INC. TO ADD MODULES FOR LABOR COSTING AND FINANCIAL FORECASTING RECOMMENDATION Approve Amendment No. 1 to Agreement for Contracting Services with GovInvest Inc. to add modules for labor costing and financial forecasting, in the amount of $17,000; and authorize the City Manager to execute the Amendment. EXECUTIVE SUMMARY The City currently utilizes GovInvest Inc. for actuarial consulting and technology services that includes required annual pension and healthcare actuarial services in order to comply with Governmental Accounting Standards Board (GASB) Statements 68 and 75, which establish standards for the measurement, display, and recognition of Pension and Other Post-Employment Benefits (OPEB) expenses and liabilities. In November 2020, Council awarded the actuarial consulting and technology services contract to GovInvest Inc, which expires December 31, 2025. Amendment No. 1 (Amendment 1), included as Attachment 1, proposes the addition of modules for labor costing and financial forecasting. FISCAL IMPACT The annual cost for the additional modules will be $17,000 for the initial term through December 31, 2025. Funds for these additional modules are available in the Finance Department account 101-1006-60104, Consultants; implementation fees are waived with upfront payment of the contract amount. CONSENT CALENDAR ITEM NO. 16 127 BACKGROUND/ANALYSIS In November 2020, City Council awarded the actuarial consulting and technology services contract to GovInvest Inc, for a total not to exceed amount of $106,000, for an initial term of five years, expiring December 31, 2025, with an option to extend for two additional years. Amendment 1 proposes to add modules for labor costing and financial forecasting by an additional amount of $17,000, increasing the contract for a total not to exceed amount of $123,000, for the initial term through December 31, 2025; this pricing includes six months of complimentary service from July – December 2022. The addition of these modules will assist the City by elevating the process of planning, forecasting and budgeting by eliminating manual spreadsheets, automating the forecasting and scenario planning process, increasing transparency and trust across departments with visual graphs, and projecting labor costs with instant analysis and measuring changes in workforce. ALTERNATIVES Staff does not recommend other alternatives. Prepared by: Claudia Martinez, Finance Director Approved by: Jon McMillen, City Manager Attachment: 1. Amendment No. 1 to Agreement for Contract Services 128 AMENDMENT NO. 1 TO PROFESSIONAL SERVICES AGREEMENT WITH GOVINVEST INC. This Amendment No. 1 (“Amendment No. 1”) to Professional Services Agreement ("Agreement”) is made and entered into as of the 29th day of June 2022, ("Effective Date") by and between the CITY OF LA QUINTA ("City"), a California municipal corporation and GovInvest Inc. (“Consultant”). RECITALS WHEREAS, on or about December 1, 2020, the City and GovInvest Inc. entered into an Agreement to provide services related to actuarial consulting and technology services, for a total not to exceed amount of $106,000. The term of the Agreement expires on December 31st, 2025 (“Initial Term”); and WHEREAS, City and Contracting Party have mutually agreed to amend Section 1.1 - Scope of Services to include the addition of the labor costing module and financial forecasting module; and WHEREAS, City and Contracting Party mutually agree to amend Section 2.1 - Contract Sum by an additional amount of $17,000 to include compensation for the labor costing module and financial forecasting module, for a total not to exceed amount of $123,000. NOW THEREFORE, in consideration of the mutual covenant herein contained, the parties agree as follows: AMENDMENT In consideration of the foregoing Recitals and the covenants and promises hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 1.Section 2.1 is amended to read as follows: Section 2.1 Contract Sum. For the services rendered pursuant to this Agreement, Consultant shall be compensated in accordance with Exhibit “B” (the “Schedule of Compensation”) in a total not to exceed amount of One Hundred Six Thousand Dollars ($106,000), and in an additional amount not to exceed Seventeen Thousand Dollars ($17,000) during the Initial Term (contingent upon approval from the La Quinta City Council), for a contingent total not to exceed combined amount of One Hundred Twenty-Three Thousand Dollars ($123,000) (the “Contract Sum”), except as provided in Section 1.6. ATTACHMENT 1 129 130 Exhibit A Scope of Services Annual Fee Includes: •Unlimited Logins: Credentials to access induvial cloud-based portals. •Portal Setup: Development of dedicated cloud-based portals. •Features & Reports: All features and reporting functions available within the cloud-based portal. •Setup, Support & Training: Dedicated support staff to assist in initial setup and unlimited ongoing training of the product and features. Refer to Implementation Steps below under User Training •Support Resources: Access to labor costing experts, training tools, webinars and conferences hosted by Company. •Expert Sessions: Scheduled training hosted by in-house finance, negotiations & budget experts, as well as peer government users with extensive experience using the product. •Internal Presentation Support: In-house finance, negotiations and budget experts to support in developing and reviewing presentations based on product usage. •Dedicated Customer Success Manager: Specialist assigned to Client to facilitate communication with all available resources. Implementation Steps •Introductory 1-on-1 meeting between Customer’s project sponsor and GovInvest onboarding lead •Optional kick-off meeting with GovInvest onboarding lead and all customer stakeholders and others that will be involved in the onboarding process •User training: Digital one-on-one or group sessions focused on setting up projects and using software to support Customer’s objectives. •Project configuration: support the customer in building a cost project for their first bargaining group •Census building: Support the customer building their census file through development of costing elements built into software and within the validation process. •Validation: assist the customer in validating their results •Support: answer customer questions as they come up about modelling or validation Onboarding and implementation of the services included in this agreement, including data integration, data validation, training, and launch shall be completed by Customer with GovInvest onboarding team support. Implementation moves at pace of customer and their ability to compile appropriate data, understand MOU’s and GovInvest will support in software build out and representation of data. • Implementation Fee Includes • Annual Fee Includes • Initial Logins • Additional Logins • Initial Portal Setup • Ongoing Maintenance • Current Features & Reports • Future Features & Reports • Initial Setup & Training • Future Support & Training • Current Support Resources • Future Support Services • Expert Training Session • Annual Expert Sessions • Internal Presentation Review (By Appointment) • Ongoing Presentation Support (By Appointment) • Dedicated Customer Success Manager • Dedicated Customer Success Manager • Cloud Based • Downloads • Total Cost (Annual) • Employee Results • Total Cost (Cumulative) • Employees by Funding Source • Payroll (Annual) • Cost by Funding Source • Difference from the Baseline (Annual) • Accounts by Cost • Difference from Baseline (Cumulative) • Accounts by Cost Accounting ID • Cost Breakdown (Cumulative) • Accounts by Employee Accounting ID Cost Detail (Annual) • Accounts by Funding Source Cost Category Breakdown (Cumulative) • Employees by Account 131 Exhibit B Schedule of Compensation With the exception of compensation for Additional Services provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Consultant under this Agreement is One Hundred Six Thousand Dollars ($106,000), and an additional amount not to exceed Seventeen Thousand Dollars ($17,000) during the Initial Term (contingent upon approval from the La Quinta City Council), for a contingent total not to exceed combined amount of One Hundred Twenty-Three Thousand Dollars ($123,000) for the Initial Term. 132 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPROVE AGREEMENT FOR CONTRACT SERVICES WITH LH PRODUCTIONS FOR AUDIO/VISUAL SERVICES RECOMMENDATION Approve Agreement for Contract Services with LH Productions for audio/ visual services for an amount not to exceed $80,000 per fiscal year, and an initial term of three year term; and authorize the City Manager to execute the agreement. EXECUTIVE SUMMARY •Since 2017, the City has utilized LH Productions (LH) services for several community events including the 9/11 Vigil, Veterans Recognition Ceremony, Tree Lighting Ceremony, and Concerts in the Park. •Under the proposed Agreement for Contract Services (Attachment 1), LH would provide audio/visual services for a three-year term expiring June 30, 2025 with an option to extend for an additional two years. FISCAL IMPACT The proposed cost for audio/visual services is $80,000 per fiscal year for a total amount not to exceed $240,000 for the three-year term of the contract. Funds are available in the City’s Special Events Account (101-3003-60149). BACKGROUND/ANALYSIS Since 2017, LH has provided audio/visual services for the 9/11 Vigil, Veterans Recognition Ceremony, Tree Lighting Ceremony, City Picnic, and Tacos and Tequila Fiesta. Upon completion of Silverrock Park in 2021, the Concerts in the Park series was added to LH contract and expanded services to include booking musical talent, securing food vendors, and supplying parking attendants. As the City’s event audio/visual service provider for the past five years, LH is extremely familiar with the City’s unique needs and requirements concerning microphones, video monitors, lighting, stage setup and preparation, CONSENT CALENDAR ITEM NO. 17 133 livestreaming, event locations, and event goals the City is seeking to achieve. Furthermore, the services LH has provided since 2017 have contributed to enhancements and improvements to the City’s event lineup. Council approval of this agreement would ensure continued execution of high- quality audio/visual services at the City’s signature events for the next three years. ALTERNATIVES Council may elect not to approve the agreement and direct staff to explore other options for audio/visual service providers. Prepared by: Michael Calderon, Community Resources Analyst Approved by: Chris Escobedo, Community Resources Director Attachment: 1.Agreement for Contract Services with LH Productions 134 AGREEMENT FOR CONTRACT SERVICES THIS AGREEMENT FOR CONTRACT SERVICES (the “Agreement”) is made and entered into by and between the CITY OF LA QUINTA, (“City”), a California municipal corporation, and LH PRODUCTIONS a California Limited Liability Corp (“Contracting Party”). The parties hereto agree as follows: 1.SERVICES OF CONTRACTING PARTY. 1.1 Scope of Services. In compliance with all terms and conditions of this Agreement, Contracting Party shall provide those services related to art maintenance, repair, and preventative care, as specified in the “Scope of Services” attached hereto as “Exhibit A” and incorporated herein by this reference (the “Services”). Contracting Party represents and warrants that Contracting Party is a provider of first-class work and/or services and Contracting Party is experienced in performing the Services contemplated herein and, in light of such status and experience, Contracting Party covenants that it shall follow industry standards in performing the Services required hereunder, and that all materials, if any, will be of good quality, fit for the purpose intended. For purposes of this Agreement, the phrase “industry standards” shall mean those standards of practice recognized by one or more first-class firms performing similar services under similar circumstances. 1.2 Compliance with Law. All Services rendered hereunder shall be provided in accordance with all ordinances, resolutions, statutes, rules, regulations, and laws of the City and any Federal, State, or local governmental agency of competent jurisdiction. 1.3 Wage and Hour Compliance, Contracting Party shall comply with applicable Federal, State, and local wage and hour laws. 1.4 Licenses, Permits, Fees and Assessments. Except as otherwise specified herein, Contracting Party shall obtain at its sole cost and expense such licenses, permits, and approvals as may be required by law for the performance of the Services required by this Agreement, including a City of La Quinta business license. Contracting Party and its employees, agents, and subcontractors shall, at their sole cost and expense, keep in effect at all times during the term of this Agreement any licenses, permits, and approvals that are legally required for the performance of the Services required by this Agreement. Contracting Party shall have the sole obligation to pay for any fees, assessments, and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the performance of the Services required by this Agreement, and shall indemnify, defend (with counsel selected by City), and hold City, its elected officials, officers, employees, and agents, free and harmless against any such fees, ATTACHMENT 1 135 -2- assessments, taxes, penalties, or interest levied, assessed, or imposed against City hereunder. Contracting Party shall be responsible for all subcontractors’ compliance with this Section. 1.5 Familiarity with Work. By executing this Agreement, Contracting Party warrants that (a) it has thoroughly investigated and considered the Services to be performed, (b) it has investigated the site where the Services are to be performed, if any, and fully acquainted itself with the conditions there existing, (c) it has carefully considered how the Services should be performed, and (d) it fully understands the facilities, difficulties, and restrictions attending performance of the Services under this Agreement. Should Contracting Party discover any latent or unknown conditions materially differing from those inherent in the Services or as represented by City, Contracting Party shall immediately inform City of such fact and shall not proceed except at Contracting Party’s risk until written instructions are received from the Contract Officer, or assigned designee (as defined in Section 4.2 hereof). 1.6 Standard of Care. Contracting Party acknowledges and understands that the Services contracted for under this Agreement require specialized skills and abilities and that, consistent with this understanding, Contracting Party’s work will be held to an industry standard of quality and workmanship. Consistent with Section 1.5 hereinabove, Contracting Party represents to City that it holds the necessary skills and abilities to satisfy the industry standard of quality as set forth in this Agreement. Contracting Party shall adopt reasonable methods during the life of this Agreement to furnish continuous protection to the Services performed by Contracting Party, and the equipment, materials, papers, and other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the Services by City, except such losses or damages as may be caused by City’s own negligence. The performance of Services by Contracting Party shall not relieve Contracting Party from any obligation to correct any incomplete, inaccurate, or defective work at no further cost to City, when such inaccuracies are due to the negligence of Contracting Party. 1.7 Additional Services. In accordance with the terms and conditions of this Agreement, Contracting Party shall perform services in addition to those specified in the Scope of Services (“Additional Services”) only when directed to do so by the Contract Officer, or assigned designee, provided that Contracting Party shall not be required to perform any Additional Services without compensation. Contracting Party shall not perform any Additional Services until receiving prior written authorization (in the form of a written change order if Contracting Party is a contractor performing the Services) from 136 -3- the Contract Officer, or assigned designee, incorporating therein any adjustment in (i) the Contract Sum, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of Contracting Party. It is expressly understood by Contracting Party that the provisions of this Section shall not apply to the Services specifically set forth in the Scope of Services or reasonably contemplated therein. It is specifically understood and agreed that oral requests and/or approvals of Additional Services shall be barred and are unenforceable. Failure of Contracting Party to secure the Contract Officer’s, or assigned designee’s written authorization for Additional Services shall constitute a waiver of any and all right to adjustment of the Contract Sum or time to perform this Agreement, whether by way of compensation, restitution, quantum meruit, or the like, for Additional Services provided without the appropriate authorization from the Contract Officer, or assigned designee. Compensation for properly authorized Additional Services shall be made in accordance with Section 2.3 of this Agreement. 1.8 Special Requirements. Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in “Exhibit D” (the “Special Requirements”), which is incorporated herein by this reference and expressly made a part hereof. In the event of a conflict between the provisions of the Special Requirements and any other provisions of this Agreement, the provisions of the Special Requirements shall govern. 2.COMPENSATION. 2.1 Contract Sum. For the Services rendered pursuant to this Agreement, Contracting Party shall be compensated in accordance with “Exhibit B” (the “Schedule of Compensation”) in a total amount not to exceed Eighty Thousand Dollars ($80,000) per fiscal year, encompassing the initial and any extended terms (the “Contract Sum”), which is comprised of $213,733.68 estimated costs for the Initial Term as noted in “Exhibit C” (the “Schedule of Performance”), as well as compensation for unanticipated additional audio/visual services if requested by the City, possible annual consumer price index increases, and any Extended Term except as provided in Section 1.7. The method of compensation set forth in the Schedule of Compensation may include a lump sum payment upon completion, payment in accordance with the percentage of completion of the Services, payment for time and materials based upon Contracting Party’s rate schedule, but not exceeding the Contract Sum, or such other reasonable methods as may be specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Contracting Party at all project meetings reasonably deemed necessary by City; Contracting Party shall not be entitled to any additional compensation for attending said meetings. Compensation may include 137 -4- reimbursement for actual and necessary expenditures for reproduction costs, transportation expense, telephone expense, and similar costs and expenses when and if specified in the Schedule of Compensation. Regardless o f the method of compensation set forth in the Schedule of Compensation, Contracting Party’s overall compensation shall not exceed the Contract Sum, except as provided in Section 1.7 of this Agreement. 2.2 Method of Billing & Payment. Any month in which Contracting Party wishes to receive payment, Contracting Party shall submit to City no later than the tenth (10th) working day of such month, in the form approved by City’s Finance Director, an invoice for Services rendered prior to the date of the invoice. The Contract Sum shall be paid to Contracting Party in installment payments made in accordance with the amount identified in Contracting Party’s Schedule of Compensation (Exhibit B) for work performed and properly invoiced by Contracting Party. Such invoice shall contain a certification by a principal member of Contracting Party specifying that the payment requested is for Services performed in accordance with the terms of this Agreement. Upon approval in writing by the Contract Officer, or assigned designee, and subject to retention pursuant to Section 8.3, City will pay Contracting Party for all items stated thereon which are approved by City pursuant to this Agreement no later than thirty (30) days after invoices are received by the City’s Finance Department. 2.3 Compensation for Additional Services. Additional Services approved in advance by the Contract Officer, or assigned designee, pursuant to Section 1.7 of this Agreement shall be paid for in an amount agreed to in writing by both City and Contracting Party in advance of the Additional Services being rendered by Contracting Party. Any compensation for Additional Services amounting to five percent (5%) or less of the Contract Sum may be approved by the Contract Officer, or assigned designee. Any greater amount of compensation for Additional Services must be approved by the La Quinta City Council, the City Manager, or Department Director, depending upon City laws, regulations, rules and procedures concerning public contracting. Under no circumstances shall Contracting Party receive compensation for any Additional Services unless prior written approval for the Additional Services is obtained from the Contract Officer , or assigned designee, pursuant to Section 1.7 of this Agreement. 3.PERFORMANCE SCHEDULE. 3.1 Time of Essence. Time is of the essence in the performance of this Agreement. If the Services not completed in accordance with the Schedule of Performance, as set forth in Section 3.2 and “Exhibit C”, it is understood that the City will suffer damage. 138 -5- 3.2 Schedule of Performance. All Services rendered pursuant to this Agreement shall be performed diligently and within the time period established in “Exhibit C” (the “Schedule of Performance”). Extensions to the time period specified in the Schedule of Performance may be approved in writing by the Contract Officer, or assigned designee. 3.3 Force Majeure. The time period specified in the Schedule of Performance for performance of the Services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of Contracting Party, including, but not restricted to, acts of God or of the public enemy, fires, earthquakes, floods, epidemic, quarantine restrictions, riots, strikes, freight embargoes, acts of any governmental agency other than City, and unusually severe weather, if Contracting Party shall within ten (10) days of the commencement of such delay notify the Contract Officer, or assigned designee, in writing of the causes of the delay. The Contract Officer , or assigned designee, shall ascertain the facts and the extent of delay, and extend the time for performing the Services for the period of the forced delay when and if in the Contract Officer’s judgment such delay is justified, and the Contract Officer’s determination, or assigned designee, shall be final and conclusive upon the parties to this Agreement. Extensions to time period in the Schedule of Performance which are determined by the Contract Officer, or assigned designee, to be justified pursuant to this Section shall not entitle the Contracting Party to additional compensation in excess of the Contract Sum. 3.4 Term. Unless earlier terminated in accordance with the provisions in Article 8.0 of this Agreement, the term of this agreement shall commence on July 1, 2022, and terminate on June 30, 2025 (“Initial Term”). This Agreement may be extended for two (2) additional year(s) upon mutual agreement by both parties (“Extended Term”), and executed in writing. 4.COORDINATION OF WORK. 4.1 Representative of Contracting Party. The following principals of Contracting Party (“Principals”) are hereby designated as being the principals and representatives of Contracting Party authorized to act in its behalf with respect to the Services specified herein and make all decisions in connection therewith: (a)Lafayette Hight, President Tel No.: (909) 772-0368 E-mail: lafayette@lh-productions.com 139 -6- It is expressly understood that the experience, knowledge, capability, and reputation of the foregoing Principals were a substantial inducement for City to enter into this Agreement. Therefore, the foregoing Principals shall be responsible during the term of this Agreement for directing all activities of Contracting Party and devoting sufficient time to personally supervise the Services hereunder. For purposes of this Agreement, the foregoing Principals may not be changed by Contracting Party and no other personnel may be assigned to perform the Services required hereunder wi thout the express written approval of City. 4.2 Contract Officer. The “Contract Officer”, otherwise known as the Chris Escobedo or assigned designee may be designated in writing by the City Manager of the City. It shall be Contracting Party’s responsibility to assure that the Contract Officer, or assigned designee, is kept informed of the progress of the performance of the Services, and Contracting Party shall refer any decisions, that must be made by City to the Contract Officer , or assigned designee. Unless otherwise specified herein, any approval of City required hereunder shall mean the approval of the Contract Officer, or assigned designee. The Contract Officer, or assigned designee, shall have authority to sign all documents on behalf of City required hereunder to carry out the terms of this Agreement. 4.3 Prohibition Against Subcontracting or Assignment. The experience, knowledge, capability, and reputation of Contracting Party, its principals, and its employees were a substantial inducement for City to enter into this Agreement. Except as set forth in this Agreement, Contracting Party shall not contract or subcontract with any other entity to perform in whole or in part the Services required hereunder without the express written approval of City. In addition, neither this Agreement nor any interest herein may be transferred, assigned, conveyed, hypothecated, or encumbered, voluntarily or by operation of law, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Contracting Party, taking all transfers into account on a cumulative basis. Any attempted or purported assignment or contracting or subcontracting by Contracting Party witho ut City’s express written approval shall be null, void, and of no effect. No approved transfer shall release Contracting Party of any liability hereunder without the express consent of City. 4.4 Independent Contractor. Neither City nor any of its employees shall have any control over the manner, mode, or means by which Contracting Party, its agents, or its employees, perform the Services required herein, except as otherwise set forth herein. City shall have no voice in the selection, 140 -7- discharge, supervision, or control of Contracting Party’s employees, servants, representatives, or agents, or in fixing their number or hours of service. Contracting Party shall perform all Services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. City shall not in any way or for any purpose become or be deemed to be a partner of Contracting Party in its business or otherwise or a joint venture or a member of any joint enterprise with Contracting Party. Contracting Party shall have no power to incur any debt, obligation, or liability on behalf of City. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. Except for the Contract Sum paid to Contracting Party as provided in this Agreement, City shall not pay salaries, wages, or other compensation to Contracting Party for performing the Services hereunder for City. City shall not be liable for compensation or indemnification to Contracting Party for injury or sickness arising out of performing the Services hereunder. Notwithstanding any other City, state, or federal policy, rule, regulation, law, or ordinance to the contrary, Contracting Party and any of its employees, agents, and subcontractors providing services under this Agreement shall not qualify for or become entitled to any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in the California Public Employees Retirement System (“PERS”) as an employee of City and entitlement to any contribution to be paid by City for employer contributions and/or employee contributions for PERS benefits. Contracting Party agrees to pay all required taxes on amounts paid to Contracting Party under this Agreement, and to indemnify and hold City harmless from any and all taxes, assessments, penalties, and interest asserted against City by reason of the independent contractor relationship created by this Agreement. Contracting Party shall fully comply with the workers’ compensation laws regarding Contracting Party and Contracting Party’s employees. Contracting Party further agrees to indemnify and hold City harmless from any failure of Contracting Party to comply with applicable workers’ compensation laws. City shall have the right to offset against the amount of any payment due to Contracting Party under this Agreement any amount due to City from Contracting Party as a result of Contracting Party’s failure to promptly pay to City any reimbursement or indemnification arising under this Section. 4.5 Identity of Persons Performing Work. Contracting Party represents that it employs or will employ at its own expense all personnel required for the satisfactory performance of any and all of the Services set forth herein. Contracting Party represents that the Services required herein will be performed by Contracting Party or under its direct supervision, and 141 -8- that all personnel engaged in such work shall be fully qualified and shall be authorized and permitted under applicable State and local law to perform such tasks and services. 4.6 City Cooperation. City shall provide Contracting Party with any plans, publications, reports, statistics, records, or other data or information pertinent to the Services to be performed hereunder which are reasonably available to Contracting Party only from or through action by City. 5.INSURANCE. 5.1 Insurance. Prior to the beginning of any Services under this Agreement and throughout the duration of the term of this Agreement, Contracting Party shall procure and maintain, at its sole cost and expense, and submit concurrently with its execution of this Agreement, policies of insurance as set forth in “Exhibit E” (the “Insurance Requirements”) which is incorporated herein by this reference and expressly made a part hereof. 5.2 Proof of Insurance. Contracting Party shall provide Certificate of Insurance to Agency along with all required endorsements. Certificate of Insurance and endorsements must be approved by Agency’s Risk Manager prior to commencement of performance. 6.INDEMNIFICATION. 6.1 Indemnification. To the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officers, employees, agents, and volunteers as set forth in “Exhibit F” (“Indemnification”) which is incorporated herein by this reference and expressly made a part hereof. 7.RECORDS AND REPORTS. 7.1 Reports. Contracting Party shall periodically prepare and submit to the Contract Officer, or assigned designee, such reports concerning Contracting Party’s performance of the Services required by this Agreement as the Contract Officer, or assigned designee, shall require. Contracting Party hereby acknowledges that City is greatly concerned about the cost of the Services to be performed pursuant to this Agreement. For this reason, Contracting Party agrees that if Contracting Party becomes aware of any facts, circumstances, techniques, or events that may or will materially increase or decrease the cost of the Services contemplated herein or, if Contracting Party is providing design services, the cost of the project being designed, Contracting Party shall promptly notify the Contract Officer , or assigned designee, of said fact, circumstance, technique, or event and the estimated 142 -9- increased or decreased cost related thereto and, if Contracting Party is providing design services, the estimated increased or decreased cost estimate for the project being designed. 7.2 Records. Contracting Party shall keep, and require any subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports (including but not limited to payroll reports), studies, or other documents relating to the disbursements charged to City and the Services performed hereunder (the “Books and Records”), as shall be necessary to perform the Services required by this Agreement and enable the Contract Officer, or assigned designee, to evaluate the performance of such Services. Any and all such Books and Records shall be m aintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer, or assigned designee, shall have full and free access to such Books and Records at all times during normal business hours of City, including the right to inspect, copy, audit, and make records and transcripts from such Books and Records. Such Books and Records shall be maintained for a period of three (3) years following completion of the Services hereunder, and City shall have access to such Books and Records in the event any audit is required. In the event of dissolution of Contracting Party’s business, custody of the Books and Records may be given to City, and access shall be provided by Contracting Party’s successor in interest. Under California Government Code Section 8546.7, if the amount of public funds expended under this Agreement exceeds Ten Thousand Dollars ($10,000.00), this Agreement shall be subject to the examination and audit of the State Auditor, at the request of City or as part of any audit of City, for a period of three (3) years after final payment under this Agreement. 7.3 Ownership of Documents. All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents, and other materials plans, drawings, estimates, test data, survey results, models, renderings, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings, digital renderings, or data stored digitally, magnetically, or in any other medium prepared or caused to be prepared by Contracting Party, its employees, subcontractors, and agents in the performance of this Agreement (the “Documents and Materials”) shall be the property of City and shall be delivered to City upon request of the Contract Officer, or assigned designee, or upon the expiration or termination of this Agreement, and Contracting Party shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the Documents and Materials hereunder. Any use, reuse or assignment of such completed Documents and 143 -10- Materials for other projects and/or use of uncompleted documents without specific written authorization by Contracting Party will be at City’s sole risk and without liability to Contracting Party, and Contracting Party’s guarantee and warranties shall not extend to such use, revise, or assignment. Contracting Party may retain copies of such Documents and Materials for its own use. Contracting Party shall have an unrestricted right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any Documents and Materials prepared by them, and in the event Contracting Party fails to secure such assignment, Contracting Party shall indemnify City for all damages resulting therefrom. 7.4 In the event City or any person, firm, or corporation authorized by City reuses said Documents and Materials without written verification or adaptation by Contracting Party for the specific purpose intended and causes to be made or makes any changes or alterations in said Documents and Materials, City hereby releases, discharges, and exonerates Contracting Party from liability resulting from said change. The provisions of this clause shall survive the termination or expiration of this Agreement and shall thereafter remain in full force and effect. 7.5 Licensing of Intellectual Property. This Agreement creates a non- exclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, rights of reproduction, and other intellectual property embodied in the Documents and Materials. Contracting Party shall require all subcontractors, if any, to agree in writing that City is granted a non-exclusive and perpetual license for the Documents and Materials the subcontractor prepares under this Agreement. Contracting Party represents and warrants that Contracting Party has the legal right to license any and all of the Documents and Materials. Contracting Party makes no such representation and warranty in regard to the Documents and Materials which were prepared by design professionals other than Contracting Party or provided to Contracting Party by City. City shall not be limited in any way in its use of the Documents and Materials at any time, provided that any such use not within the purposes intended by this Agreement shall be at City’s sole risk. 7.6 Release of Documents. The Documents and Materials shall not be released publicly without the prior written approval of the Contract Officer , or assigned designee, or as required by law. Contracting Party shall not disclose to any other entity or person any information regarding the activities of City, except as required by law or as authorized by City. 7.7 Confidential or Personal Identifying Information. Contracting Party covenants that all City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft 144 -11- documents, discussion notes, or other information, if any, developed or received by Contracting Party or provided for performance of this Agreement are deemed confidential and shall not be disclosed by Contracting Party to any person or entity without prior written authorization by City or unless required by law. City shall grant authorization for disclosure if required by any lawful administrative or legal proceeding, court order, or similar directive with the force of law. All City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft documents, discussions, or other information shall be returned to City upon the termination or expiration of this Agreement. Contracting Party’s covenant under this section shall survive the termination or expiration of this Agreement. 8.ENFORCEMENT OF AGREEMENT. 8.1 California Law. This Agreement shall be interpreted, construed, and governed both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim, or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Riverside, State of California, or any other appropriate court in such county, and Contracting Party covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. 8.2 Disputes. In the event of any dispute arising under this Agreement, the injured party shall notify the injuring party in writing of its contentions by submitting a claim therefore. The injured party shall continue performing its obligations hereunder so long as the injuring party commences to cure such default within ten (10) days of service of such notice and completes the cure of such default within forty-five (45) days after service of the notice, or such longer period as may be permitted by the Contract Officer, or assigned designee; provided that if the default is an immediate danger to the health, safety, or general welfare, City may take such immediate action as City deems warranted. Compliance with the provisions of this Section shall be a condition precedent to termination of this Agreement for cause and to any legal action, and such compliance shall not be a waiver of any party’s right to take legal action in the event that t he dispute is not cured, provided that nothing herein shall limit City’s right to terminate this Agreement without cause pursuant to this Article 8.0. During the period of time that Contracting Party is in default, City shall hold all invoices and shall, when the default is cured, proceed with payment on the invoices. In the alternative, City may, in its sole discretion, elect to pay some or all of the outstanding invoices during any period of default. 145 -12- 8.3 Retention of Funds. City may withhold from any monies payable to Contracting Party sufficient funds to compensate City for any losses, costs, liabilities, or damages it reasonably believes were suffered by City due to the default of Contracting Party in the performance of the Services required by this Agreement. 8.4 Waiver. No delay or omission in the exercise of any right or remedy of a non-defaulting party on any default shall impair such right or remedy or be construed as a waiver. City’s consent or approval of any act by Contracting Party requiring City’s consent or approval shall not be deemed to waive or render unnecessary City’s consent to or approval of any subsequent act of Contracting Party. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement. 8.5 Rights and Remedies are Cumulative. Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. 8.6 Legal Action. In addition to any other rights or remedies, either party may take legal action, at law or at equity, to cure, correct, or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. 8.7 Termination Prior To Expiration of Term. This Section shall govern any termination of this Agreement, except as specifically provided in the following Section for termination for cause. City reserves the right to terminate this Agreement at any time, with or without cause, upon thirty (30)days’ written notice to Contracting Party. Upon receipt of any notice of termination, Contracting Party shall immediately cease all Services hereunder except such as may be specifically approved by the Contract Officer, or assigned designee. Contracting Party shall be entitled to compensation for all Services rendered prior to receipt of the notice of termination and for any Services authorized by the Contract Officer, or assigned designee, thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, or assigned designee, except amounts held as a retention pursuant to this Agreement. 8.8 Termination for Default of Contracting Party. If termination is due to the failure of Contracting Party to fulfill its obligations under this Agreement, Contracting Party shall vacate any City-owned property which Contracting 146 -13- Party is permitted to occupy hereunder and City may, after compliance with the provisions of Section 8.2, take over the Services and prosecute the same to completion by contract or otherwise, and Contracting Party shall be liable to the extent that the total cost for completion of the Services required hereunder exceeds the compensation herein stipulated (provided that City shall use reasonable efforts to mitigate such damages), and City may withhold any payments to Contracting Party for the purpose of setoff or partial payment of the amounts owed City. 8.9 Attorneys’ Fees. If either party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable attorneys’ fees; provided, however, that the attorneys’ fees awarded pursuant to this Section shall not exceed the hourly rate paid by City for legal services multiplied by the reasonable number of hours spent by the prevailing party in the conduct of the litigation. Attorneys’ fees shall include attorneys’ fees on any appeal, and in addition a party entitled to attorneys’ fees shall be entitled to all other reasonable costs for investigating such action, taking depositions and discovery, and all other necessary costs the court allows which are incurred in such litigation. All such fees shall be deemed to have accrued on commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment. The court may set such fees in the same action or in a separate action brought for that purpose. 9.CITY OFFICERS AND EMPLOYEES; NONDISCRIMINATION. 9.1 Non-liability of City Officers and Employees. No officer, official, employee, agent, representative, or volunteer of City shall be personally liable to Contracting Party, or any successor in interest, in the event or any default or breach by City or for any amount which may become due to Contracting Party or to its successor, or for breach of any obligation of the terms of this Agreement. 9.2 Conflict of Interest. Contracting Party covenants that neither it, nor any officer or principal of it, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Contracting Party’s performance of the Services under this Agreement. Contracting Party further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent, or subcontractor without the express written consent of the Contract Officer , or assigned designee. Contracting Party agrees to at all times avoid conflicts of interest or the 147 -14- appearance of any conflicts of interest with the interests of City in the performance of this Agreement. No officer or employee of City shall have any financial interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to this Agreement which effects his financial interest or the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any State statute or regulation. Contracting Party warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement. 9.3 Covenant against Discrimination. Contracting Party covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of any impermissible classification including, but not limited to, race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry in the performance of this Agreement. Contracting Party shall take affirmative action to ensure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry. 10.MISCELLANEOUS PROVISIONS. 10.1 Notice. Any notice, demand, request, consent, approval, or communication either party desires or is required to give the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail to the address set forth below. Either party may change its address by notifying the other party of the change of address in writing. Notice shall be deemed communicated forty-eight (48) hours from the time of mailing if mailed as provided in this Section. To City: CITY OF LA QUINTA Attention: Chris Escobedo 78495 Calle Tampico La Quinta, California 92253 To Contracting Party: LH Productions Lafayette Hight 1453 Virginia Ave Baldwin Park, CA, 91706 10.2 Interpretation. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. 148 -15- 10.3 Section Headings and Subheadings. The section headings and subheadings contained in this Agreement are included for convenience only and shall not limit or otherwise affect the terms of this Agreement. 10.4 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. 10.5 Integrated Agreement. This Agreement including the exhibits hereto is the entire, complete, and exclusive expression of the understanding of the parties. It is understood that there are no oral agreements between the parties hereto affecting this Agreement and this Agreement s upersedes and cancels any and all previous negotiations, arrangements, agreements, and understandings, if any, between the parties, and none shall be used to interpret this Agreement. 10.6 Amendment. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by Contracting Party and by the City Council of City. The parties agree that this requirement for written modifications cannot be waived and that any attempted waiver shall be void. 10.7 Severability. In the event that any one or more of the articles, phrases, sentences, clauses, paragraphs, or sections contained in this Agreement shall be declared invalid or unenforceable, such invalidity or unenforceability shall not affect any of the remaining articles, phrases, sentences, clauses, paragraphs, or sections of this Agreement which are hereby declared as severable and shall be interpreted to carry out the intent of the parties hereunder unless the invalid provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders this Agreement meaningless. 10.8 Unfair Business Practices Claims. In entering into this Agreement, Contracting Party offers and agrees to assign to City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. § 15) or under the Cartwright Act (Chapter 2, (commencing with Section 16700) of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of goods, services, or materials related to this Agreement. This assignment shall be made and become effective at the time City renders final payment to Contracting Party without further acknowledgment of the parties. 10.9 No Third-Party Beneficiaries. With the exception of the specific provisions set forth in this Agreement, there are no intended third -party beneficiaries under this Agreement and no such other third parties shall have any rights or obligations hereunder. 149 -16- 10.10 Authority. The persons executing this Agreement on behalf of each of the parties hereto represent and warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement, such party is formally bound to the provisions of this Agreement, and (iv) that entering into this Agreement does not violate any provision of any other Agreement to which said party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors, and assigns of the parties. [SIGNATURES ON FOLLOWING PAGE] 150 -17- IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates stated below. CITY OF LA QUINTA, a California Municipal Corporation _ JON McMILLEN, City Manager City of La Quinta, California Dated: LH PRODUCTIONS, a California LLC. __________________________ LAFAYETTE HIGHT, President LH Productions, LLC. Dated:_____________________ ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California 151 Exhibit A Page 1 of 5 Exhibit A Scope of Services Services to be Provided: Contracting Party shall provide audio and video services for the City events outlined in the Project Schedule (Attachment 1) for the Initial Term of the Agreement. If the Agreement is extended in accordance with Section 3.4 Term of the Agreement, City and Contracting Party shall execute a written amendment that will identify the services to be provided by Contracting Party for the Extended Term. 152 Exhibit A Page 2 of 5 ADDENDUM TO AGREEMENT Re: Scope of Services If the Scope of Services include construction, alteration, demolition, installation, repair, or maintenance affecting real property or structures or improvements of any kind appurtenant to real property, the following apply: 1.Prevailing Wage Compliance. If Contracting Party is a contractor performing public works and maintenance projects, as described in this Section 1.3, Contracting Party shall comply with applicable Federal, State, and local laws. Contracting Party is aware of the requirements of California Labor Code Sections 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Sections 16000, et seq., (collectively, the “Prevailing Wage Laws”), and La Quinta Municipal Code Section 3.12.040, which require the payment of prevailing wage rates and the performance of other requirements on “Public works” and “Maintenance” projects. If the Services are being performed as part of an applicable “Public works” or “Maintenance” project, as defined by the Prevailing Wage Laws, and if construction work over twenty-five thousand dollars ($25,000.00) and/or alterations, demolition, repair or maintenance work over fifteen thousand dollars ($15,000.00) is entered into or extended on or after January 1, 2015 by this Agreement, Contracting Party agrees to fully comply with such Prevailing Wage Laws including, but not limited to, requirements related to the maintenance of payroll records and the employment of apprentices. Pursuant to California Labor Code Section 1725.5, no contractor or subcontractor may be awarded a contract for public work on a “Public works” project unless registered with the California Department of Industrial Relations (“DIR”) at the time the contract is awarded. If the Services are being performed as part of an applicable “Public works” or “Maintenance” project, as defined by the Prevailing Wage Laws, this project is subject to compliance monitoring and enforcement by the DIR. Contracting Party will maintain and will require all subcontractors to maintain valid and current DIR Public Works contractor registration during the term of this Agreement. Contracting Party shall notify City in writing immediately, and in no case more than twenty-four (24) hours, after receiving any information that Contracting Party’s or any of its subcontractor’s DIR registration status has been suspended, revoked, expired, or otherwise changed. It is understood that it is the responsibility of Contracting Party to determine the correct salary scale. Contracting Party shall make copies of the prevailing rates of per diem wages for each craft, classification, or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at Contracting Party’s principal place of business and at the project site, if any. The statutory penalties for failure to pay prevailing wage or to comply with State wage and hour laws will be enforced. Contracting Party must forfeit to City TWENTY - 153 Exhibit A Page 3 of 5 FIVE DOLLARS ($25.00) per day for each worker who works in excess of the minimum working hours when Contracting Party does not pay overtime. In accordance with the provisions of Labor Code Sections 1810 et seq., eight (8)hours is the legal working day. Contracting Party also shall comply with State law requirements to maintain payroll records and shall provide for certified records and inspection of records as required by California Labor Code Section 1770 et seq., including Section 1776. In addition to the other indemnities provided under this Agreement, Contracting Party shall defend (with counsel selected by City), indemnify, and hold City, its elected officials, officers, employees, and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. It is agreed by the parties that, in connection with p erformance of the Services, including, without limitation, any and all “Public works” (as defined by the Prevailing Wage Laws), Contracting Party shall bear all risks of payment or non-payment of prevailing wages under California law and/or the implementation of Labor Code Section 1781, as the same may be amended from time to time, and/or any other similar law. Contracting Party acknowledges and agrees that it shall be independently responsible for reviewing the applicable laws and regulations and effectuating compliance with such laws. Contracting Party shall require the same of all subcontractors. 2. Retention. Payments shall be made in accordance with the provisions of Article 2.0 of the Agreement. In accordance with said Sections, City shall pay Contracting Party a sum based upon ninety-five percent (95%) of the Contract Sum apportionment of the labor and materials incorporated into the Services under this Agreement during the month covered by said invoice. The remaining five percent (5%) thereof shall be retained as performance security to be paid to Contracting Party within sixty (60) days after final acceptance of the Services by the City Council of City, after Contracting Party has furnished City with a full release of all undisputed payments under this Agreement, if required by City. In the event there are any claims specifically excluded by Contracting Party from the operation of the release, City may retain proceeds (per Public Contract Code § 7107) of up to one hundred fifty percent (150%) of the amount in dispute. City’s failure to deduct or withhold shall not affect Contracting Party’s obligations under the Agreement. 3.Utility Relocation. City is responsible for removal, relocation, or protection of existing main or trunk-line utilities to the extent such utilities were not identified in the invitation for bids or specifications. City shall reimburse Contracting Party for any costs incurred in locating, repairing damage not caused by Contracting Party, and removing or relocating such unidentified utility facilities. Contracting Party shall not be assessed liquidated 154 Exhibit A Page 4 of 5 damages for delay arising from the removal or relocation of such unidentified utility facilities. 4.Trenches or Excavations. Pursuant to California Public Contract Code Section 7104, in the event the work included in this Agreement requires excavations more than four (4) feet in depth, the following shall apply: (a)Contracting Party shall promptly, and before the following conditions are disturbed, notify City, in writing, of any: (1) material that Contracting Party believes may be material that is hazardous waste, as defined in Section 25117 of the Health and Safety Code, that is required to be removed to a Class I, Class II, or Class III disposal site in accordance with provisions of existing law; (2) subsurface or latent physical conditions at the site different from those indicated by information about the site made available to bidders prior to the deadline for submitting bids; or (3) unknown physical conditions at the site of any unusual nature, different materially from those ordinarily encountered and generally recognized as inherent in work of the character provided for in the Agreement. (b)City shall promptly investigate the conditions, and if it finds that the conditions do materially so differ, or do involve hazardous waste, and cause a decrease or increase in Contracting Party’s cost of, or the time required for, performance of any part of the work shall issue a change order per Section 1.8 of the Agreement. (c)in the event that a dispute arises between City and Contracting Party whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contracting Party’s cost of, or time required for, performance of any part of the work, Contracting Party shall not be excused from any scheduled completion date provided for by this Agreement, but shall proceed with all work to be performed under this Agreement. Contracting Party shall retain any and all rights provided either by contract or by law which pertain to the resolution of disputes and protests between the contracting Parties. 5.Safety. Contracting Party shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out the Services, Contracting Party shall at all times be in compliance with all applicable local, state, and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and lifesaving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, 155 Exhibit A Page 5 of 5 bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C)adequate facilities for the proper inspection and maintenance of all safety measures. 6.Liquidated Damages. Since the determination of actual damages for any delay in performance of the Agreement would be extremely difficult or impractical to determine in the event of a breach of this Agreement, Contracting Party shall be liable for and shall pay to City the sum of One Thousand dollars ($1,000.00) as liquidated damages for each working day of delay in the performance of any of the Services required hereunder, as specified in the Schedule of Performance. In addition, liquidated damages may be assessed for failure to comply with the emergency call out requirements, if any, described in the Scope of Services. City may withhold from any moneys payable on account of the Services performed by Contracting Party any accrued liquidated damages. 156 Exhibit E Page 1 of 9 Exhibit B Schedule of Compensation With the exception of compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is in a total amount not to exceed Eighty Thousand Dollars ($80,000) per fiscal year, encompassing the initial and any extended terms (the “Contract Sum”), which is comprised o f $213,733.68 estimated costs for the Initial Term as noted in “Exhibit C” (the “Schedule of Performance”), as well as compensation for unanticipated additional audio/visual services if requested by the City, possible annual consumer price index increases, and any Extended Term except as provided in Section 1.7. The Contract Sum shall be paid for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of this Agreement as per the payment schedule listed below. Annual compensation per fiscal year: $80,000.00 Event compensation per fiscal year: September: 9/11 Memorial - $2,276.68 November: Veterans Recognition Ceremony - $3,880.75 December: Tree Lighting Ceremony - $7,986.68 April: City Picnic - $2,211.43 Year Round Dates TBD: Concerts in the Park Series: $54,819.00 (7 per year) Waiver of Sub: $105 Additional Events/Services if Requested by the City: up to $8,755.44 157 Exhibit E Page 2 of 9 Exhibit C Schedule of Performance Contracting Party shall complete all services identified in the Scope of Services, Exhibit A of this Agreement, in accordance with the Project Schedule (Attachment 1), attached hereto and incorporated herein by this reference. 158 Exhibit E Page 3 of 9 Exhibit E Insurance Requirements E.1 Insurance. Prior to the beginning of and throughout the duration of this Agreement, the following policies shall be maintained and kept in full force and effect providing insurance with minimum limits as indicated belo w and issued by insurers with A.M. Best ratings of no less than A-VI: Commercial General Liability (at least as broad as ISO CG 0001) $1,000,000 (per occurrence) $2,000,000 (general aggregate) Must include the following endorsements: General Liability Additional Insured General Liability Primary and Non-contributory Commercial Auto Liability (at least as broad as ISO CA 0001) $1,000,000 (per accident) Auto Liability Additional Insured Personal Auto Declaration Page if applicable Errors and Omissions Liability $1,000,000 (per claim and aggregate) Workers’ Compensation (per statutory requirements) Must include the following endorsements: Workers Compensation with Waiver of Subrogation Workers Compensation Declaration of Sole Proprietor if applicable Cyber Liability $1,000,000 (per occurrence) $2,000,000 (general aggregate) Contracting Party shall procure and maintain, at its cost, and submit concurrently with its execution of this Agreement, Commercial General Liability insurance against all claims for injuries against persons or damages to property resulting from Contracting Party’s acts or omissions rising out of or related to Contracting Party’s performance under this Agreement. The insurance policy shall contain a severability of interest clause providing that the coverage shall be primary for losses arising out of Contracting Party’s performance hereunder and neither City nor its insurers shall be required to contribute to any such loss. An endorsement evidencing the foregoing and naming the City and its officers and employees as additional insured (on the Commercial General Liability policy only) must be submitted concurrently with 159 Exhibit E Page 4 of 9 the execution of this Agreement and approved by City prior to commencement of the services hereunder. Contracting Party shall carry automobile liability insurance of $1,000,000 per accident against all claims for injuries against persons or damages to property arising out of the use of any automobile by Contracting Party, its officers, any person directly or indirectly employed by Contracting Party, any subcontractor or agent, or anyone for whose acts any of them may be liable, arising directly or indirectly out of or related to Contracting Party’s performance under this Agreement. If Contracting Party or Contracting Party’s employees will use personal autos in any way on this project, Contracting Party shall provide evidence of personal auto liability coverage for each such person. The term “automobile” includes, but is not limited to, a land motor vehicle, trailer or semi-trailer designed for travel on public roads. The automobile insurance policy shall contain a severability of interest clause providing that coverage shall be primary for losses arising out of Contracting Party’s performance hereunder and neither City nor its insurers shall be required to contribute to such loss. Professional Liability or Errors and Omissions Insurance as appropriate shall be written on a policy form coverage specifically designed to protect against acts, errors or omissions of the Contracting Party and “Covered Professional Services” as designated in the policy must specifically include work performed under this agreement. The policy limit shall be no less than $1,000,000 per claim and in the aggregate. The policy must “pay on behalf of” the insured and must include a provision establishing the insurer’s duty to defend. The policy retroactive date shall be on or before the effective date of this agreement. Contracting Party shall carry Workers’ Compensation Insurance in accordance with State Worker’s Compensation laws with employer’s liability limits no less than $1,000,000 per accident or disease. Contracting Party shall procure and maintain Cyber Liability insurance with limits of $1,000,000 per occurrence/loss which shall include the following coverage: a.Liability arising from the theft, dissemination and/or use of confidential or personally identifiable information; including credit monitoring and regulatory fines arising from such theft, dissemination or use of the confidential information. b.Network security liability arising from the unauthorized use of, access to, or tampering with computer systems. 160 Exhibit E Page 5 of 9 c.Liability arising from the failure of technology products (software) required under the contract for Consultant to properly perform the services intended. d.Electronic Media Liability arising from personal injury, plagiarism or misappropriation of ideas, domain name infringement or improper deep-linking or framing, and infringement or violation of intellectual property rights. e.Liability arising from the failure to render professional services. If coverage is maintained on a claims-made basis, Contracting Party shall maintain such coverage for an additional period of three (3) years following termination of the contract. Contracting Party shall provide written notice to City within ten (10)working days if: (1) any of the required insurance policies is terminated; (2)the limits of any of the required polices are reduced; or (3) the deductible or self-insured retention is increased. In the event any of said policies of insurance are cancelled, Contracting Party shall, prior to the cancellation date, submit new evidence of insurance in conformance with this Exhibit to the Contract Officer. The procuring of such insurance or the delivery of policies or certificates evidencing the same shall not be construed as a limitation of Contracting Party’s obligation to indemnify City, its officers, employees, contractors, subcontractors, or agents. E.2 Remedies. In addition to any other remedies City may have if Contracting Party fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, City may, at its sole option: a.Obtain such insurance and deduct and retain the amount of the premiums for such insurance from any sums due under this Agreement. b.Order Contracting Party to stop work under this Agreement and/or withhold any payment(s) which become due to Contracting Party hereunder until Contracting Party demonstrates compliance with the requirements hereof. c.Terminate this Agreement. Exercise any of the above remedies, however, is an alternative to any other remedies City may have. The above remedies are not the exclusive remedies for Contracting Party’s failure to maintain or secure appropriate 161 Exhibit E Page 6 of 9 policies or endorsements. Nothing herein contained shall be construed as limiting in any way the extent to which Contracting Party may be held responsible for payments of damages to persons or property resulting from Contracting Party’s or its subcontractors’ performance of work under this Agreement. E.3 General Conditions Pertaining to Provisions of Insurance Coverage by Contracting Party. Contracting Party and City agree to the following with respect to insurance provided by Contracting Party: 1.Contracting Party agrees to have its insurer endorse the third party general liability coverage required herein to include as additional insureds City, its officials, employees, and agents, using standard ISO endorsement No. CG 2010 with an edition prior to 1992. Contracting Party also agrees to require all contractors, and subcontractors to do likewise. 2.No liability insurance coverage provided to comply with this Agreement shall prohibit Contracting Party, or Contracting Party’s employees, or agents, from waiving the right of subrogation prior to a loss. Contracting Party agrees to waive subrogation rights against City regardless of the applicability of any insurance proceeds, and to require all contractors and subcontractors to do likewise. 3.All insurance coverage and limits provided by Contracting Party and available or applicable to this Agreement are intended to apply to the full extent of the policies. Nothing contained in this Agreement or any other agreement relating to City or its operations limits the application of such insurance coverage. 4.None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing. 5.No liability policy shall contain any provision or definition that would serve to eliminate so-called “third party action over” claims, including any exclusion for bodily injury to an employee of the insured or of any contractor or subcontractor. 6.All coverage types and limits required are subject to approval, modification and additional requirements by the City, as the need arises. Contracting Party shall not make any reductions in scope of coverage (e.g. elimination of contractual liability or reduction of discovery period) that may affect City’s protection without City’s prior written consent. 162 Exhibit E Page 7 of 9 7.Proof of compliance with these insurance requirements, consisting of certificates of insurance evidencing all the coverages required and an additional insured endorsement to Contracting Party’s general liability policy, shall be delivered to City at or prior to the execution of this Agreement. In the event such proof of any insurance is not delivered as required, or in the event such insurance is canceled at any time and no replacement coverage is provided, City has the right, but not the duty, to obtain any insurance it deems necessary to protect its interests under this or any other agreement and to pay the premium. Any premium so paid by City shall be charged to and promptly paid by Contracting Party or deducted from sums due Contracting Party, at City option. 8.It is acknowledged by the parties of this agreement that all insurance coverage required to be provided by Contracting Party or any subcontractor, is intended to apply first and on a primary, non -contributing basis in relation to any other insurance or self-insurance available to City. 9.Contracting Party agrees to ensure that subcontractors, and any other party involved with the project that is brought onto or involved in the project by Contracting Party, provide the same minimum insurance coverage required of Contracting Party. Contracting Party agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Contracting Party agrees that upon request, all agreements with subcontractors and others engaged in the project will be submitted to City for review. 10.Contracting Party agrees not to self-insure or to use any self- insured retentions or deductibles on any portion of the insurance required herein (with the exception of professional liability coverage, if required) and further agrees that it will not allow any contractor, subcontractor, Architect, Engineer or other entity or person in any way involved in the performance of work on the project contemplated by this agreement to self-insure its obligations to City. If Contracting Party’s existing coverage includes a deductible or self-insured retention, the deductible or self -insured retention must be declared to the City. At that time the City shall review options with the Contracting Party, which may include reduction or elimination of the deductible or self-insured retention, substitution of other coverage, or other solutions. 11.The City reserves the right at any time during the term of this Agreement to change the amounts and types of insurance required by giving the Contracting Party ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Contracting Party, 163 Exhibit E Page 8 of 9 the City will negotiate additional compensation proportional to the increased benefit to City. 12.For purposes of applying insurance coverage only, this Agreement will be deemed to have been executed immediately upon a ny party hereto taking any steps that can be deemed to be in furtherance of or towards performance of this Agreement. 13.Contracting Party acknowledges and agrees that any actual or alleged failure on the part of City to inform Contracting Party of non - compliance with any insurance requirement in no way imposes any additional obligations on City nor does it waive any rights hereunder in this or any other regard. 14.Contracting Party will renew the required coverage annually as long as City, or its employees or agents face an exposure from operations of any type pursuant to this agreement. This obligation applies whether the agreement is canceled or terminated for any reason. Termination of this obligation is not effective until City executes a written statement to that effect. 15.Contracting Party shall provide proof that policies of insurance required herein expiring during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Proof that such coverage has been ordered shall be submitted prior to expiration. A coverage binder or letter from Contracting Party’s insurance agent to this effect is acceptable. A certificate of insurance and an additional insured endorsement is required in these specifications applicable to the renewing or new coverage must be provided to City within five (5) days of the expiration of coverages. 16.The provisions of any workers’ compensation or similar act will not limit the obligations of Contracting Party under this agreement. Contracting Party expressly agrees not to use any statutory immunity defenses under such laws with respect to City, its employees, officials, and agents. 17.Requirements of specific coverage features, or limits contained in this section are not intended as limitations on coverage, limits or other requirements nor as a waiver of any coverage normally provided by any given policy. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be limiting or all-inclusive. 18.These insurance requirements are intended to be separate and distinct from any other provision in this Agreement and are intended by the parties here to be interpreted as such. 164 Exhibit E Page 9 of 9 19.The requirements in this Exhibit supersede all other sections and provisions of this Agreement to the extent that any other section or provision conflicts with or impairs the provisions of this Exhibit. 20.Contracting Party agrees to be responsible for ensuring that no contract used by any party involved in any way with the project reserves the right to charge City or Contracting Party for the cost of additional insurance coverage required by this agreement. Any such provisions are to be deleted with reference to City. It is not the intent of City to reimburse any third party for the cost of complying with these requirements. There shall be no recourse against City for payment of premiums or other amounts with respect thereto. 21.Contracting Party agrees to provide immediate notice to City of any claim or loss against Contracting Party arising out of the work performed under this agreement. City assumes no obligation or liability by such notice, but has the right (but not the duty) to monitor the handling of any such claim or claims if they are likely to involve City. 165 Exhibit F Page 1 of 3 Exhibit F Indemnification F.1 Indemnity for the Benefit of City. a. Indemnification for Professional Liability. When the law establishes a professional standard of care for Contracting Party’s Services, to the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officials, employees, and agents (“Indemnified Parties”) from and against any and all claims, losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused in whole or in part by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. b.Indemnification for Other Than Professional Liability. Other than in the performance of professional services and to the full extent permitted by law, Contracting Party shall indemnify, defend (with counsel selected by City), and hold harmless the Indemnified Parties from and against any liability (including liability for claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses) incurred in connection therewith and costs of investigation, where the same arise out of, are a consequence of, or are in any way attributable to, in whole or in part, the performance of this Agreement by Contracting Party or by any individual or entity for which Contracting Party is legally liable, including but not limited to officers, agents, employees, or subcontractors of Contracting Party. c.Indemnity Provisions for Contracts Related to Construction (Limitation on Indemnity). Without affecting the rights of City under any 166 Exhibit F Page 2 of 3 provision of this agreement, Contracting Party shall not be required to indemnify and hold harmless City for liability attributable to the acti ve negligence of City, provided such active negligence is determined by agreement between the parties or by the findings of a court of competent jurisdiction. In instances where City is shown to have been actively negligent and where City’s active negligence accounts for only a percentage of the liability involved, the obligation of Contracting Party will be for that entire portion or percentage of liability not attributable to the active negligence of City. d.Indemnification Provision for Design Professionals. 1. Applicability of this Section F.1(d). Notwithstanding Section F.1(a) hereinabove, the following indemnification provision shall apply to a Contracting Party who constitutes a “design professional” as the term is defined in paragraph 3 below. 2.Scope of Indemnification. When the law establishes a professional standard of care for Contracting Party’s Services, to the fullest extent permitted by law, Contracting Party shall indemnify and hold harmless City and any and all of its officials, employees, and agents (“Indemnified Parties”) from and against any and all losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses, including, without limitation, incidental and consequential damages, court costs, reimbursement of attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. 3. Design Professional Defined. As used in this Section F.1(d), the term “design professional” shall be limited to licensed architects, registered professional engineers, licensed professional land surveyors and landscape architects, all as defined under current law, and as may be amended from time to time by Civil Code § 2782.8. F.2 Obligation to Secure Indemnification Provisions. Contracting Party agrees to obtain executed indemnity agreements with provisions 167 Exhibit F Page 3 of 3 identical to those set forth herein this Exhibit F, as applicable to the Contracting Party, from each and every subcontractor or any other person or entity involved by, for, with or on behalf of Contracting Party in the performance of this Agreement. In the event Contracting Party fails to obtain such indemnity obligations from others as required herein, Contracting Party agrees to be fully responsible according to the terms of this Exhibit. Failure of City to monitor compliance with these requirements imposes no additional obligations on City and will in no way act as a waiver of any rights hereunder. This obligation to indemnify and defend City as set forth in this Agreement are binding on the successors, assigns or heirs of Contracting Party and shall survive the termination of this Agreement. 168 QTY 9/11 MEMORIAL – SEPT. 11, 2022, SEPT. 11 2023, SEPT. 11, 2024 UNIT PRICE DAYS DISCOUNT LINE TOTAL PA SYSTEM FOR 300 $ 0.00 1 Behringer x32 Rack Digital Mixing Console $75.00 3 $ 225.00 4 Dynacord VL-262 PA System Loudspeaker, 1,200 -Watts` $40.00 3 $ 480.00 4 Ultimate TS-88B Tripod Speaker Stand $10.00 3 $ 120.00 2 QSC RMX4050HD, 4,000 -Watt Audio Amplifier $50.00 3 $ 300.00 1 JBL SR4702x, Two-Way, 12”, 600 -watt Speaker (Stage Monitor) $40.00 3 $ 120.00 1 Astatic 920B 20” Gooseneck Podium Microphone with Base $15.00 3 $ 45.00 1 Lot NL4 Cable $0.00 3 $ 0.00 $ 0.00 LIGHTING SYSTEM $ 0.00 4 Artfox Hybrid 250 LED, Moving Head Lighting Fixture $50.00 3 $ 600.00 2 Lighting Tree, 12’ Height, with 50 -Pound Base $35.00 3 $ 210.00 8 Sand Bags, 35-Pound $5.00 3 $ 120.00 1 iPad Pro with Vibrio Lighting Control Software $35.00 3 $ 105.00 1 Wireless DMX Lighting Kit $30.00 3 $ 90.00 8 LED Par64 Lighting Fixtures (Uplights) $25.00 3 $ 600.00 4 Cable Ramp / Cable Protector $25.00 3 $ 300.00 1 Skyscraper Ladder $0.00 3 $ 0.00 1 Lot DMX Cable $0.00 3 $ 0.00 TOTAL DISCOUNT $ 0.00 EQUIPMENT SUBTOTAL $3,315.00 SALES TAX (LA QUINTA – 8.75%) $290.06 FREIGHT $450.00 LH PRODUCTIONS Audio, Video, Lighting, Staging www.LH-PRODUCTIONS.com info@LH-PRODUCTIONS.com P: 877.621.6845 • F: 626.303.0407 QUOTE # 220616 Prepared by Lafayette C. Hight Jr. on June 16, 2022 PREPARED FOR: Phone : Fax: Email: Jacob Garcia City of La Quinta 78495 Calle Tampico La Quinta, CA 92253 760-777-7093 jkgarcia @la-quinta.org SHOW NAME: Location: Date(s): Onsite Contact: Delivery Time: Ready to go: Pickup Time: City Events Fiscal Year 2022-23, 23-24, 24-25 Exhibit A Attachment 1Project Schedule 169 QTY PERSONNEL DESCRIPTION – SEPTEMBER 11 MEMORIAL 10-HOUR RATE OT HOURS DT HOURS DAYS LINE TOTAL 1 Audiovisual Technician $500.00 3 $1,500.00 1 AV Assist $425.00 3 $1,275.00 LABOR SUBTOTAL $2,775.00 SEPTEMBER 11 GRAND TOTAL $6,830.06 QTY VETERAN’S DAY – NOV. 11, 2022, NOV. 11, 2023, NOV, 11, 2024 UNIT PRICE DAYS DISCOUNT LINE TOTAL AUDIO $ 0.00 1 Behringer x32 Rack Digital Mixing Console $75.00 3 $ 225.00 4 TRX3210a Powered Loudspeaker, 2,500 watts $100.00 3 $1,200.00 1 TRX3218, Dual 18” Subwoofer, 4,000 watts $75.00 3 $ 225.00 2 QSX RMX4050, 4,500-watt Audio Amplifier (Subwoofer) $50.00 3 $ 300.00 1 Gooseneck Podium Microphone with Base $10.00 3 $ 30.00 1 Shure UHF -R Wireless Microphone Kit $75.00 3 $ 225.00 2 JBL Two-Way, 12”, 1,000-watt PA System Stage Monitor $40.00 3 $ 240.00 1 Event Music Playback $0.00 3 $ 0.00 $ 0.00 VIDEO $ 0.00 4 Sharp Aquos 70” LCD/LED Television $175.00 3 $2,100.00 4 Television Display Stand $75.00 3 $ 900.00 1 Panasonic AW-HE50 Robotic High-Definition Video Camera $150.00 3 $ 450.00 1 Manfrotto HDV501 Fluid-Head Tripod $40.00 3 $ 120.00 1 Panasonic Robotic Camera Controller $100.00 3 $ 300.00 1 Panasonic AW-HE50 Robotic High-Definition Video Camera $150.00 3 $ 450.00 1 Blackmagic Design Production Studio 4K, HD Video Switcher $250.00 3 $ 750.00 1 Laptop Computer (PowerPoint) $75.00 3 $ 225.00 $ 0.00 TOTAL DISCOUNT $ 0.00 EQUIPMENT SUBTOTAL $7,740.00 SALES TAX (CITY OF LA QUINTA – 8.75%) $677.25 FREIGHT $450.00 QTY PERSONNEL DESCRIPTION – VETERAN’S DAY 10-HOUR RATE OT HOURS DT HOURS DAYS LINE TOTAL 1 Audiovisual Technician $500.00 3 $1,500.00 1 AV Assist $425.00 3 $1,275.00 LABOR SUBTOTAL $2,775.00 VETERAN’S DAY GRAND TOTAL $11,642.25 170 QTY TREE LIGHTING CEREMONY – DEC. 2, 2022, DEC. 1, 2023, DEC. 6, 2024 UNIT PRICE DAYS DISCOUNT LINE TOTAL PA SYSTEM FOR 1,000 $ 0.00 2 Genie ST25 Lifting Tower $150.00 3 $ 900.00 2 SteelTek Roundsling, 3’ $5.00 3 $ 30.00 3 12” Box Truss, 10’ Length $75.00 3 $ 675.00 6 TRX3210a Powered Loudspeaker, 2,500 watts $100.00 3 $1,800.00 1 Behringer x32 Rack Digital Mixing Console $75.00 3 $ 225.00 1 Dynacord L3600FD , 3,600-Watt Audio Amplifier (Stage Monitors) $50.00 3 $ 150.00 4 JBL Two-Way, 12”, 1,000-watt PA System Stage Monitor $40.00 3 $ 480.00 6 Sennheiser E-835 Wired Microphone with Boom Stand $10.00 3 $ 180.00 1 Laptop Audio Patch $5.00 3 $ 15.00 $ 0.00 STAGE LIGHTING $ 0.00 6 StageRIght LED Ellipsoidal Stage Light, 200w $25.00 3 $ 450.00 4 Artfox Hybrid LED Moving Head Fixture $50.00 3 $ 600.00 1 Skyscraper Ladder $0.00 3 $ 0.00 1 iPad Pro with Vibrio Lighting Control Software $35.00 3 $ 105.00 $ 0.00 MISC $ 0.00 40 Stage Skirt $1.50 3 $ 180.00 24 Static LED Fixture, RGBW, 70 -watt $25.00 3 $1,800.00 14 LED Globe Light, Battery Operated $75.00 3 $3,150.00 1 Diesel Generator with Fuel $400.00 3 $1,200.00 $ 0.00 VIDEO SYSTEM – IMAGE MAGNIFICATION $ 0.00 2 Sharp Aquos LCD/LED Television, 70” $175.00 3 $1,050.00 2 Truss Flat Screen TV Mount $50.00 3 $ 300.00 1 Canon XL H1, 3-CCD, High -Definition Video Camera (Santa Cam) $200.00 3 $ 600.00 1 Vizio 26” Video Preview Monitor (Santa Cam) $45.00 3 $ 135.00 1 Blackmagic Design 4K High -Definition Video Switcher $250.00 3 $ 750.00 2 Panasonic Robotic Camera (Stage) $200.00 3 $1,200.00 2 Manfrotto HDV501 Fluid-Head Tripod $40.00 3 $ 240.00 1 Panasonic Robotic Camera Controller $100.00 3 $ 300.00 TOTAL DISCOUNT $ 0.00 EQUIPMENT SUBTOTAL $16,515.00 SALES TAX (LA QUINTA – 8.75%) $1,445.06 DELIVERY / PICKUP $450.00 171 QTY PERSONNEL DESCRIPTION 10-HOUR RATE OT HOURS DT HOURS DAYS LINE TOTAL 2 Audio Technician $500.00 3 $3,000.00 2 AV Assist $425.00 3 $2,550.00 $ 0.00 $ 0.00 $ 0.00 LABOR SUBTOTAL $5,550.00 TREE LIGHTING GRAND TOTAL $23,960.06 QTY COMMUNITY PICNIC – 2023, 2024, 2025 – DATES TO BE DETERMINED UNIT PRICE DAYS DISCOUNT LINE TOTAL PA SYSTEM FOR 1,000 $ 0.00 1 Behringer x32 Rack Digital Mixing Console $75.00 3 $ 225.00 4 TRX3210a Powered Loudspeaker, 2,500 watts $100.00 3 $1,200.00 1 TRX3218, Dual 18” Subwoofer, 4000 -watt $75.00 3 $ 225.00 2 QSX RMX4050, 4,500-watt Audio Amplifier (Subwoofer , Monitors ) $50.00 3 $ 300.00 2 JBL Two-Way, 12”, 1,000-watt PA System Stage Monitor $40.00 3 $ 240.00 2 Whirlwind Direct Box $5.00 3 $ 30.00 3 Sennheiser E-835 Wired Microphone with Boom Stand $10.00 3 $ 90.00 1 Shure UHF -R Wireless Microphone Kit $75.00 3 $ 225.00 1 Honeywell 7,500-watt Gasoline Generator $200.00 3 $ 600.00 $ 0.00 TOTAL DISCOUNT $ 0.00 EQUIPMENT SUBTOTAL $3,135.00 SALES TAX (LA QUINTA – 8.75%) $274.31 DELIVERY / PICKUP $450.00 QTY PERSONNEL DESCRIPTION – COMMUNITY PICNIC 10-HOUR RATE OT HOURS DT HOURS DAYS LINE TOTAL 1 Audio Technician $500.00 3 $1,500.00 1 AV Assist $425.00 3 $1,275.00 LABOR SUBTOTAL $2,775.00 COMMUNITY PICNIC GRAND TOTAL $6,634.31 172 QTY SILVERROCK CONCERTS IN THE PARK 2022-23, 2023 -24, 2024 -25 – DATES TBD UNIT PRICE DAYS DISCOUNT LINE TOTAL PA SYSTEM FOR 500 $ 0.00 1 Behringer x32 Rack Digital Mixing Console $75.00 21 $1,575.00 8 TRX3210a Powered Loudspeaker, 2,500 watts $100.00 21 $16,800.00 4 TRX3218, Dual 18” Subwoofer, 4000 -watt $75.00 21 $6,300.00 2 QSX RMX4050, 4,500-watt Audio Amplifier (Subwoofers) $50.00 21 $2,100.00 3 QSX RMX4050, 4,500-watt Audio Amplifier (Stage Monitors) $50.00 21 $3,150.00 4 JBL Two-Way, 12”, 1,000-watt PA System Stage Monitor $40.00 21 $3,360.00 1 Concert Microphone and Instrument DI Package $75.00 21 $1,575.00 2 Genie ST-25 Lifting Tower $100.00 21 $4,200.00 $ 0.00 STAGE LIGHTING $ 0.00 4 StageRight LED Ellipsoidal Lighting Fixture, 200 -watt $25.00 21 $2,100.00 6 Artfox IPStorm12, LED Uplights $25.00 21 $3,150.00 4 Artfox Hybrid 250 LED, Moving Head Lighting Fixture $50.00 21 $4,200.00 1 iPad Pro with Vibrio Lighting Control Software $50.00 21 $1,050.00 2 Lighting Truss, 4-foot Length $25.00 21 $1,050.00 $ 0.00 MISC $ 0.00 2 Steeldeck Platform, 4’ x 8’ (Drum Riser), 24” Height $35.00 21 $1,470.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 TOTAL DISCOUNT $ 0.00 EQUIPMENT SUBTOTAL $52,080.00 SALES TAX (CITY OF LA QUINTA – 8.75%) $4,557.00 FREIGHT $3,150.00 173 QTY PERSONNEL DESCRIPTION 10-HOUR RATE OT HOURS DT HOURS DAYS LINE TOTAL 1 Headliner Band, Two-Hour Performance $2,300.00 21 $48,300.00 1 Audio Engineer $500.00 21 $10,500.00 2 Lighting Designer / AV Assist $425.00 21 $17,850.00 2 Parking Lot Staff (5 Hours) $165.00 21 $6,930.00 6 Event Staff / Usher / Traffic Control (5 Hours) $165.00 21 $20,790.00 1 Intermission Band / Entertainment $300.00 21 $ 300.00 LABOR SUBTOTAL $104,670.00 GRAND TOTAL $164,457.00 QTY MISC – WORKERS COMP. WAIVER OF SUBROGATION 10-HOUR RATE OT HOURS DT HOURS DAYS LINE TOTAL 1 Waiver of Subrogation $105.00 3 $ 315.00 SUBTOTAL $315.00 ALL LA QUINTA EVENTS 20 22-23, 2023-24, 2024-25 $213,733.68 LH PRODUCTIONS Main Office : 1453 Virginia Ave., Suite E • Baldwin Park, Calif. 91706 Mailing Address: PO Box 70485 • Pasadena, Calif. 91117 This quote is a good faith estimate is based upon the available information provided about the event, estimated labor and/or equipment at the present time. Client’s final bill will reflect actual time worked. When applicable, a day rate is based on a ten- hour workday. If technicians work more than ten hours, the additional time will be billed at 1.5 times the contracted rate of labor. More than 14 hours of work will be billed at 2 times the contracted rate of labor. To begin a new day rate, technician s must have at least an eight-hour break between call times. This estimate is good for 14 days from the date it was generated. Please call LH Productions with your questions at (877) 62 1- 6845. To confirm this order, please sign and fax to LH Productions at (626) 303-0407. By signing, you are confirming this order and accepting the conditions put forth on this page and on the rental agreement. For events at applicable venues, client is responsible for storage, union labor, electrical, and convention fees, if any. Signed: ___________________________________________ Date:________________________________ Print Name: ________________________________________________________________________________ 174 LH PRODUCTIONS RENTAL AGREEMENT The articles described on the reverse are leased upon the terms set forth on the revers e and in this paragraph. Receipt of said articles in good condition is hereby acknowledged. The lease period shall commence on the date set forth on the first page of this agreem ent. The articles shall not be altered, by the lessee, without the express wri tten consent of LH PRODUCTIONS, also known hereinafter as Lessor or LHP. This contract in no way constitutes or implies transfer of ownership or title of said articles. On any termination of this lease said articles shall be returned to LHP to one of its agents in as good condition and repair as when received by Lessee. All costs of transportation from and to said plant shall be paid by Lessee. This lease may be terminated at any time by LHP, by written notice or for the Lessee's default or if the Lessee's credit is impaired or a petition of bankruptcy is filed by or against the Lessee. The rental (lease) cost specified is for the period ending on the date specified on the first page for return of said items. If the articles are retained by the Lessee afte r such date, rent shall be paid weekly in advance at the same rate at which the original rental cost was computed. A deposit may also be required at the time of rental, the amount of which shall be determined by LHP. All deposits received by LHP, shall be held as security for the performance of the Lessee's agreements hereunder and at the option of LHP, may be applied to the payment of rent as it comes due, and/or to make repairs for damage incurred to said articles while under the c are of the Lessee, and and/or to cure any default of Lessee without prejudice to or suspension of any other right or remedy of LH PRODUCTIONS. The (security) deposit also may be held and used by LH PRODUCTIONS, until all of the Lessee's obligations are fully performed and the property returned. The amount of any deposit in no way defines or limits the Lessee's other costs. Any monies collected are cons idered a deposit and are not refundable. Rental amounts are never applied towards replacement costs. Lessee shall not assign this lease or interest therein or sublet any leased article. Lessee agrees to indemnify and save LH PRODUCTIONS, harmless from any and all costs, expenses, attorney's fees, suits liabilities, damages or claims for damages, howsoever caused including but not li mited to those arising out of any injury or death to any person or persons or damage to any property of any kind whatsoever and to whomsoever belonging, including Lessor's in any way relating to the use, storage or po ssession of the leased property or the performance or exercise of any of the duties, obligations or responsibilities of Lessor regardless of responsibility for negligence arising out of the use of the leased property or the services of the Lessor which might arise i n connection with the leasing of the props herein or caused by or have any connection with the props or the condition, maintenance, possession, operation or use thereof. It is also understood that NO CLEARANCES, regarding the use of personal likenesses, photographs or other "intelle ctual property rights," however that may be defined, have been obtained, and if necessary any and all responsibility in this regard rests so lely with the Lessee, if applicable. Lessee agrees to operate each piece of equipment rented hereunder in accordance with the manufacturer’s operating procedures. Lessee further agrees to pay any and all bills for additional rental and/or loss and damage owed to LH PRODUCTIONS. Any balance not paid by the payment due date as shown on the reverse will be charged a late p enalty of 1.50% per month. This agreement contains all of the terms upon which the described articles are leased and supersedes and controls any other orders or proposal, written or unwritten heretofore given with respect thereto unless the terms hereof ar e expressly modified by a later agreement signed by the parties. If suit is commenced or an attorney is employed, or if LH PRODUCTIONS, incurs other costs to enforce any obligation of the Lessee hereunder, or to collect moneys owed LHP, by Lessee under the terms of this agreement, Lessee agrees to pay all costs of collection incurred by LHP, including but not limited to investigations, court costs, collection a gency costs, and/or attorney's fees. All funds are billed in U.S. currency. All payments by chec k or other negotiable instrument shall be drawn on a U.S. bank, or Lessee agrees to pay double of all fees incurred by LH PRODUCTIONS, in the collections of said moneys, as well as late charges, as due, with a minimum charge of $50.00. Lesse e agrees that should a loss occur of any of or all the items rented under this agreement, or if said items become damaged, for whatever reason, whether through the fault of Lessee or of anyone else or from an Act of God, that Lessee is fully responsible, and ag rees to pay to LH PRODUCTIONS, within ten (10) days of the loss and/or damage, an amount equal to the Full Replacement Value as stated on the Rental Agreement as either "Value" or "Valuation." Lessee agrees that the amounts of the Replacement Values (Values or Valua tions) as stated on this Rental Agreement are a fair and accurate representation of the worth and replacement value of the props ren ted, and therefore will not be disputed by Lessee or any of its agents or consignees for any reason after the commencement o f this lease. Lessee agrees that if an insurance claim is instigated by any party to reimburse LH PRODUCTIONS, for any expenses as set forth in th is contract, that Lessee will guarantee to pay to LHP, any difference between any amount owed under this contr act and any amount paid to LHP, by any insurance company or any other company, agency or source within thirty (30) days of the Loss Date as defined by L H PRODUCTIONS. Lessee agrees to act in good faith on behalf of LH PRODUCTIONS, to work with any insurance company to obtain any payments due LHP, within thirty (30) days of the Loss Date. Lessee agrees to pay any late fees arising from any payments not being made wi thin thirty days to LH PRODUCTIONS, by either Lessee or any other source including any insurance company. I agree to the above terms and herewith certify that the original agreement provided to me by LH PRODUCTIONS has not been alt ered. Authorized Signature ______________________________ On Behalf of ________________________________ Date__________ 175 176 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPROVE AGREEMENT FOR CONTRACT SERVICES WITH SIGNATURE SCULPTURE FOR PREVENTATIVE MAINTENANCE AND REPAIR OF THE CITY’S ART IN PUBLIC PLACES COLLECTION RECOMMENDATION Approve Agreement for Contract Services with Signature Sculpture for preventative maintenance and repair of the City’s Art in Public Places collection for an amount not to exceed $60,000 per fiscal year, and an initial term of three years; and authorize the City Manager to execute the agreement. EXECUTIVE SUMMARY Since 2018, Signature Sculpture has provided art maintenance services for over seventy outdoor/indoor art pieces within the City’s public art collection according to the specifications provided by the artists. As the City continues to acquire additional public art pieces, preventative maintenance and repair is necessary to preserve the integrity of each art piece. FISCAL IMPACT Annual costs for these serves are not to exceed $60,000 per fiscal year, for the initial and any extended terms of the agreement, which includes $157,370 estimated costs for the initial three-year term, an annual 3.5% increase in compensation for the extended term, and contingency compensation for unanticipated additional art repair services, if requested by the City, for any existing or newly acquired art pieces and anticipated increases in costs for materials and/or labor. Funds are available in the Art in Public Places budget (Account No. 270-0000-74800) and will be allocated in accordance with the agreement in future budgets. FY 2022/23 $50,663 FY 2023/24 $52,436 (3.55% increase) FY 2024/25 $54,271 (3.5% increase) Contingency FY 2022/23 – 2024/25 $22,630 TOTAL:$180,000 CONSENT CALENDAR ITEM NO. 18 177 BACKGROUND/ANALYSIS In 2018, following a Request for Proposals procurement and vetting process, the City selected Signature Sculpture as the most qualified vendor to provide preventative maintenance and repair services of the City’s Art in Public Places collection, consisting of over 70 outdoor and indoor public art installations located throughout the City. Each art piece is serviced a minimum of twice a year per the artist’s specifications. After servicing the art, Signature Sculpture will provide a detailed report and photograph documenting the condition of each piece. Signature Sculpture has provided quality maintenance services and timely repairs through its contractual obligation with the City. They possess the necessary tools and knowledge to properly maintain each art piece, including locations of the installations, artist specifications on appropriate preservation methods, and extensive experience with the vast array of patinas, paints, mixed media, and fragility of the public art collection. Approval of this agreement ensures that the City’s public art collection is well- maintained and kept in like new condition, thus preserving the City’s commitment to valuing the arts. ALTERNATIVES Council may elect to not approve the Agreement for Contract Services and direct staff to seek alternative vendors through the RFP process. Prepared by: Michael Calderon, Community Resources Analyst Approved by: Chris Escobedo, Community Resources Director Attachment: 1. Agreement for Contract Services with Signature Sculpture 178 AGREEMENT FOR CONTRACT SERVICES THIS AGREEMENT FOR CONTRACT SERVICES (the “Agreement”) is made and entered into by and between the CITY OF LA QUINTA, (“City”), a California municipal corporation, and SIGNATURE SCULPTURE a California Limited Liability Corp (“Contracting Party”). The parties hereto agree as follows: 1. SERVICES OF CONTRACTING PARTY. 1.1 Scope of Services. In compliance with all terms and conditions of this Agreement, Contracting Party shall provide those services related to art maintenance, repair, and preventative care, as specified in the “Scope of Services” attached hereto as “Exhibit A” and incorporated herein by this reference (the “Services”). Contracting Party represents and warrants that Contracting Party is a provider of first-class work and/or services and Contracting Party is experienced in performing the Services contemplated herein and, in light of such status and experience, Contracting Party covenants that it shall follow industry standards in performing the Services required hereunder, and that all materials, if any, will be of good quality, fit for the purpose intended. For purposes of this Agreement, the phrase “industry standards” shall mean those standards of practice recognized by one or more first-class firms performing similar services under similar circumstances. 1.2 Compliance with Law. All Services rendered hereunder shall be provided in accordance with all ordinances, resolutions, statutes, rules, regulations, and laws of the City and any Federal, State, or local governmental agency of competent jurisdiction. 1.3 Wage and Hour Compliance, Contracting Party shall comply with applicable Federal, State, and local wage and hour laws. 1.4 Licenses, Permits, Fees and Assessments. Except as otherwise specified herein, Contracting Party shall obtain at its sole cost and expense such licenses, permits, and approvals as may be required by law for the performance of the Services required by this Agreement, including a City of La Quinta business license. Contracting Party and its employees, agents, and subcontractors shall, at their sole cost and expense, keep in effect at all times during the term of this Agreement any licenses, permits, and approvals that are legally required for the performance of the Services required by this Agreement. Contracting Party shall have the sole obligation to pay for any fees, assessments, and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the performance of the Services required by this Agreement, and shall indemnify, defend (with counsel selected by City), and hold City, its elected officials, officers, employees, and agents, free and harmless against any such fees, ATTACHMENT 1 179 -2- assessments, taxes, penalties, or interest levied, assessed, or imposed against City hereunder. Contracting Party shall be responsible for all subcontractors’ compliance with this Section. 1.5 Familiarity with Work. By executing this Agreement, Contracting Party warrants that (a) it has thoroughly investigated and considered the Services to be performed, (b) it has investigated the site where the Services are to be performed, if any, and fully acquainted itself with the conditions there existing, (c) it has carefully considered how the Services should be performed, and (d) it fully understands the facilities, difficulties, and restrictions attending performance of the Services under this Agreement. Should Contracting Party discover any latent or unknown conditions materially differing from those inherent in the Services or as represented by City, Contracting Party shall immediately inform City of such fact and shall not proceed except at Contracting Party’s risk until written instructions are received from the Contract Officer, or assigned designee (as defined in Section 4.2 hereof). 1.6 Standard of Care. Contracting Party acknowledges and understands that the Services contracted for under this Agreement require specialized skills and abilities and that, consistent with this understanding, Contracting Party’s work will be held to an industry standard of quality and workmanship. Consistent with Section 1.5 hereinabove, Contracting Party represents to City that it holds the necessary skills and abilities to satisfy the industry standard of quality as set forth in this Agreement. Contracting Party shall adopt reasonable methods during the life of this Agreement to furnish continuous protection to the Services performed by Contracting Party, and the equipment, materials, papers, and other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the Services by City, except such losses or damages as may be caused by City’s own negligence. The performance of Services by Contracting Party shall not relieve Contracting Party from any obligation to correct any incomplete, inaccurate, or defective work at no further cost to City, when such inaccuracies are due to the negligence of Contracting Party. 1.7 Additional Services. In accordance with the terms and conditions of this Agreement, Contracting Party shall perform services in addition to those specified in the Scope of Services (“Additional Services”) only when directed to do so by the Contract Officer, or assigned designee, provided that Contracting Party shall not be required to perform any Additional Services without compensation. Contracting Party shall not perform any Additional Services until receiving prior written authorization (in the form of a written change order if Contracting Party is a contractor performing the Services) from 180 -3- the Contract Officer, or assigned designee, incorporating therein any adjustment in (i) the Contract Sum, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of Contracting Party. It is expressly understood by Contracting Party that the provisions of this Section shall not apply to the Services specifically set forth in the Scope of Services or reasonably contemplated therein. It is specifically understood and agreed that oral requests and/or approvals of Additional Services shall be barred and are unenforceable. Failure of Contracting Party to secure the Contract Officer’s, or assigned designee’s written authorization for Additional Services shall constitute a waiver of any and all right to adjustment of the Contract Sum or time to perform this Agreement, whether by way of compensation, restitution, quantum meruit, or the like, for Additional Services provided without the appropriate authorization from the Contract Officer, or assigned designee. Compensation for properly authorized Additional Services shall be made in accordance with Section 2.3 of this Agreement. 1.8 Special Requirements. Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in “Exhibit D” (the “Special Requirements”), which is incorporated herein by this reference and expressly made a part hereof. In the event of a conflict between the provisions of the Special Requirements and any other provisions of this Agreement, the provisions of the Special Requirements shall govern. 2. COMPENSATION. 2.1 Contract Sum. For the Services rendered pursuant to this Agreement, Contracting Party shall be compensated in accordance with “Exhibit B” (the “Schedule of Compensation”) in a total amount not to exceed Sixty Thousand Dollars ($60,000) per fiscal year, encompassing the initial and any extended terms (the “Contract Sum”), which is comprised of $157,370 estimated costs for the Initial Term, an annual 3.5% increase in compensation for any Extended Terms, and contingency compensation for unanticipated additional art repair services, if requested by the City, for any existing or newly acquired art pieces and anticipated increases in costs for materials and/or labor, except as provided in Section 1.7. The method of compensation set forth in the Schedule of Compensation may include a lump sum payment upon completion, payment in accordance with the percentage of completion of the Services, payment for time and materials based upon Contracting Party’s rate schedule, but not exceeding the Contract Sum, or such other reasonable methods as may be specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Contracting Party at all project meetings reasonably deemed necessary by City; Contracting Party shall not be entitled to any additional compensation for attending said meetings. Compensation 181 -4- may include reimbursement for actual and necessary expenditures for reproduction costs, transportation expense, telephone expense, and similar costs and expenses when and if specified in the Schedule of Compensation. Regardless of the method of compensation set forth in the Schedule of Compensation, Contracting Party’s overall compensation shall not exceed the Contract Sum, except as provided in Section 1.7 of this Agreement. 2.2 Method of Billing & Payment. Any month in which Contracting Party wishes to receive payment, Contracting Party shall submit to City no later than the tenth (10th) working day of such month, in the form approved by City’s Finance Director, an invoice for Services rendered prior to the date of the invoice. The Contract Sum shall be paid to Contracting Party in installment payments made in accordance with the amount identified in Contracting Party’s Schedule of Compensation (Exhibit B) for work performed and properly invoiced by Contracting Party. Such invoice shall contain a certification by a principal member of Contracting Party specifying that the payment requested is for Services performed in accordance with the terms of this Agreement. Upon approval in writing by the Contract Officer, or assigned designee, and subject to retention pursuant to Section 8.3, City will pay Contracting Party for all items stated thereon which are approved by City pursuant to this Agreement no later than thirty (30) days after invoices are received by the City’s Finance Department. 2.3 Compensation for Additional Services. Additional Services approved in advance by the Contract Officer, or assigned designee, pursuant to Section 1.7 of this Agreement shall be paid for in an amount agreed to in writing by both City and Contracting Party in advance of the Additional Services being rendered by Contracting Party. Any compensation for Additional Services amounting to five percent (5%) or less of the Contract Sum may be approved by the Contract Officer, or assigned designee. Any greater amount of compensation for Additional Services must be approved by the La Quinta City Council, the City Manager, or Department Director, depending upon City laws, regulations, rules and procedures concerning public contracting. Under no circumstances shall Contracting Party receive compensation for any Additional Services unless prior written approval for the Additional Services is obtained from the Contract Officer, or assigned designee, pursuant to Section 1.7 of this Agreement. 3. PERFORMANCE SCHEDULE. 3.1 Time of Essence. Time is of the essence in the performance of this Agreement. If the Services not completed in accordance with the Schedule of Performance, as set forth in Section 3.2 and “Exhibit C”, it is understood that the City will suffer damage. 182 -5- 3.2 Schedule of Performance. All Services rendered pursuant to this Agreement shall be performed diligently and within the time period established in “Exhibit C” (the “Schedule of Performance”). Extensions to the time period specified in the Schedule of Performance may be approved in writing by the Contract Officer, or assigned designee. 3.3 Force Majeure. The time period specified in the Schedule of Performance for performance of the Services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of Contracting Party, including, but not restricted to, acts of God or of the public enemy, fires, earthquakes, floods, epidemic, quarantine restrictions, riots, strikes, freight embargoes, acts of any governmental agency other than City, and unusually severe weather, if Contracting Party shall within ten (10) days of the commencement of such delay notify the Contract Officer, or assigned designee, in writing of the causes of the delay. The Contract Officer, or assigned designee, shall ascertain the facts and the extent of delay, and extend the time for performing the Services for the period of the forced delay when and if in the Contract Officer’s judgment such delay is justified, and the Contract Officer’s determination, or assigned designee, shall be final and conclusive upon the parties to this Agreement. Extensions to time period in the Schedule of Performance which are determined by the Contract Officer, or assigned designee, to be justified pursuant to this Section shall not entitle the Contracting Party to additional compensation in excess of the Contract Sum. 3.4 Term. Unless earlier terminated in accordance with the provisions in Article 8.0 of this Agreement, the term of this agreement shall commence on July 1, 2022, and terminate on June 30, 2025 (“Initial Term”). This Agreement may be extended for two (2) additional year(s) upon mutual agreement by both parties (“Extended Term”), and executed in writing. 4. COORDINATION OF WORK. 4.1 Representative of Contracting Party. The following principals of Contracting Party (“Principals”) are hereby designated as being the principals and representatives of Contracting Party authorized to act in its behalf with respect to the Services specified herein and make all decisions in connection therewith: (a) Brett Fiore, President Tel No.: (760) 275-2779 E-mail: signaturesculpture@yahoo.com (b) Marjorie Adams-Fiore, Office Manager Tel No.: (760) 880-1084 183 -6- E-mail: Marjorieca1@aol.com It is expressly understood that the experience, knowledge, capability, and reputation of the foregoing Principals were a substantial inducement for City to enter into this Agreement. Therefore, the foregoing Principals shall be responsible during the term of this Agreement for directing all activities of Contracting Party and devoting sufficient time to personally supervise the Services hereunder. For purposes of this Agreement, the foregoing Principals may not be changed by Contracting Party and no other personnel may be assigned to perform the Services required hereunder without the express written approval of City. 4.2 Contract Officer. The “Contract Officer”, otherwise known as the Chris Escobedo or assigned designee may be designated in writing by the City Manager of the City. It shall be Contracting Party’s responsibility to assure that the Contract Officer, or assigned designee, is kept informed of the progress of the performance of the Services, and Contracting Party shall refer any decisions, that must be made by City to the Contract Officer, or assigned designee. Unless otherwise specified herein, any approval of City required hereunder shall mean the approval of the Contract Officer, or assigned designee. The Contract Officer, or assigned designee, shall have authority to sign all documents on behalf of City required hereunder to carry out the terms of this Agreement. 4.3 Prohibition Against Subcontracting or Assignment. The experience, knowledge, capability, and reputation of Contracting Party, its principals, and its employees were a substantial inducement for City to enter into this Agreement. Except as set forth in this Agreement, Contracting Party shall not contract or subcontract with any other entity to perform in whole or in part the Services required hereunder without the express written approval of City. In addition, neither this Agreement nor any interest herein may be transferred, assigned, conveyed, hypothecated, or encumbered, voluntarily or by operation of law, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Contracting Party, taking all transfers into account on a cumulative basis. Any attempted or purported assignment or contracting or subcontracting by Contracting Party without City’s express written approval shall be null, void, and of no effect. No approved transfer shall release Contracting Party of any liability hereunder without the express consent of City. 4.4 Independent Contractor. Neither City nor any of its employees shall have any control over the manner, mode, or means by which Contracting 184 -7- Party, its agents, or its employees, perform the Services required herein, except as otherwise set forth herein. City shall have no voice in the selection, discharge, supervision, or control of Contracting Party’s employees, servants, representatives, or agents, or in fixing their number or hours of service. Contracting Party shall perform all Services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. City shall not in any way or for any purpose become or be deemed to be a partner of Contracting Party in its business or otherwise or a joint venture or a member of any joint enterprise with Contracting Party. Contracting Party shall have no power to incur any debt, obligation, or liability on behalf of City. Contracting Party shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. Except for the Contract Sum paid to Contracting Party as provided in this Agreement, City shall not pay salaries, wages, or other compensation to Contracting Party for performing the Services hereunder for City. City shall not be liable for compensation or indemnification to Contracting Party for injury or sickness arising out of performing the Services hereunder. Notwithstanding any other City, state, or federal policy, rule, regulation, law, or ordinance to the contrary, Contracting Party and any of its employees, agents, and subcontractors providing services under this Agreement shall not qualify for or become entitled to any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in the California Public Employees Retirement System (“PERS”) as an employee of City and entitlement to any contribution to be paid by City for employer contributions and/or employee contributions for PERS benefits. Contracting Party agrees to pay all required taxes on amounts paid to Contracting Party under this Agreement, and to indemnify and hold City harmless from any and all taxes, assessments, penalties, and interest asserted against City by reason of the independent contractor relationship created by this Agreement. Contracting Party shall fully comply with the workers’ compensation laws regarding Contracting Party and Contracting Party’s employees. Contracting Party further agrees to indemnify and hold City harmless from any failure of Contracting Party to comply with applicable workers’ compensation laws. City shall have the right to offset against the amount of any payment due to Contracting Party under this Agreement any amount due to City from Contracting Party as a result of Contracting Party’s failure to promptly pay to City any reimbursement or indemnification arising under this Section. 4.5 Identity of Persons Performing Work. Contracting Party represents that it employs or will employ at its own expense all personnel required for the satisfactory performance of any and all of the Services set 185 -8- forth herein. Contracting Party represents that the Services required herein will be performed by Contracting Party or under its direct supervision, and that all personnel engaged in such work shall be fully qualified and shall be authorized and permitted under applicable State and local law to perform such tasks and services. 4.6 City Cooperation. City shall provide Contracting Party with any plans, publications, reports, statistics, records, or other data or information pertinent to the Services to be performed hereunder which are reasonably available to Contracting Party only from or through action by City. 5. INSURANCE. 5.1 Insurance. Prior to the beginning of any Services under this Agreement and throughout the duration of the term of this Agreement, Contracting Party shall procure and maintain, at its sole cost and expense, and submit concurrently with its execution of this Agreement, policies of insurance as set forth in “Exhibit E” (the “Insurance Requirements”) which is incorporated herein by this reference and expressly made a part hereof. 5.2 Proof of Insurance. Contracting Party shall provide Certificate of Insurance to Agency along with all required endorsements. Certificate of Insurance and endorsements must be approved by Agency’s Risk Manager prior to commencement of performance. 6. INDEMNIFICATION. 6.1 Indemnification. To the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officers, employees, agents, and volunteers as set forth in “Exhibit F” (“Indemnification”) which is incorporated herein by this reference and expressly made a part hereof. 7. RECORDS AND REPORTS. 7.1 Reports. Contracting Party shall periodically prepare and submit to the Contract Officer, or assigned designee, such reports concerning Contracting Party’s performance of the Services required by this Agreement as the Contract Officer, or assigned designee, shall require. Contracting Party hereby acknowledges that City is greatly concerned about the cost of the Services to be performed pursuant to this Agreement. For this reason, Contracting Party agrees that if Contracting Party becomes aware of any facts, circumstances, techniques, or events that may or will materially increase or decrease the cost of the Services contemplated herein or, if Contracting Party is providing design services, the cost of the project being designed, 186 -9- Contracting Party shall promptly notify the Contract Officer, or assigned designee, of said fact, circumstance, technique, or event and the estimated increased or decreased cost related thereto and, if Contracting Party is providing design services, the estimated increased or decreased cost estimate for the project being designed. 7.2 Records. Contracting Party shall keep, and require any subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports (including but not limited to payroll reports), studies, or other documents relating to the disbursements charged to City and the Services performed hereunder (the “Books and Records”), as shall be necessary to perform the Services required by this Agreement and enable the Contract Officer, or assigned designee, to evaluate the performance of such Services. Any and all such Books and Records shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer, or assigned designee, shall have full and free access to such Books and Records at all times during normal business hours of City, including the right to inspect, copy, audit, and make records and transcripts from such Books and Records. Such Books and Records shall be maintained for a period of three (3) years following completion of the Services hereunder, and City shall have access to such Books and Records in the event any audit is required. In the event of dissolution of Contracting Party’s business, custody of the Books and Records may be given to City, and access shall be provided by Contracting Party’s successor in interest. Under California Government Code Section 8546.7, if the amount of public funds expended under this Agreement exceeds Ten Thousand Dollars ($10,000.00), this Agreement shall be subject to the examination and audit of the State Auditor, at the request of City or as part of any audit of City, for a period of three (3) years after final payment under this Agreement. 7.3 Ownership of Documents. All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents, and other materials plans, drawings, estimates, test data, survey results, models, renderings, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings, digital renderings, or data stored digitally, magnetically, or in any other medium prepared or caused to be prepared by Contracting Party, its employees, subcontractors, and agents in the performance of this Agreement (the “Documents and Materials”) shall be the property of City and shall be delivered to City upon request of the Contract Officer, or assigned designee, or upon the expiration or termination of this Agreement, and Contracting Party shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights 187 -10- of ownership use, reuse, or assignment of the Documents and Materials hereunder. Any use, reuse or assignment of such completed Documents and Materials for other projects and/or use of uncompleted documents without specific written authorization by Contracting Party will be at City’s sole risk and without liability to Contracting Party, and Contracting Party’s guarantee and warranties shall not extend to such use, revise, or assignment. Contracting Party may retain copies of such Documents and Materials for its own use. Contracting Party shall have an unrestricted right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any Documents and Materials prepared by them, and in the event Contracting Party fails to secure such assignment, Contracting Party shall indemnify City for all damages resulting therefrom. 7.4 In the event City or any person, firm, or corporation authorized by City reuses said Documents and Materials without written verification or adaptation by Contracting Party for the specific purpose intended and causes to be made or makes any changes or alterations in said Documents and Materials, City hereby releases, discharges, and exonerates Contracting Party from liability resulting from said change. The provisions of this clause shall survive the termination or expiration of this Agreement and shall thereafter remain in full force and effect. 7.5 Licensing of Intellectual Property. This Agreement creates a non- exclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, rights of reproduction, and other intellectual property embodied in the Documents and Materials. Contracting Party shall require all subcontractors, if any, to agree in writing that City is granted a non-exclusive and perpetual license for the Documents and Materials the subcontractor prepares under this Agreement. Contracting Party represents and warrants that Contracting Party has the legal right to license any and all of the Documents and Materials. Contracting Party makes no such representation and warranty in regard to the Documents and Materials which were prepared by design professionals other than Contracting Party or provided to Contracting Party by City. City shall not be limited in any way in its use of the Documents and Materials at any time, provided that any such use not within the purposes intended by this Agreement shall be at City’s sole risk. 7.6 Release of Documents. The Documents and Materials shall not be released publicly without the prior written approval of the Contract Officer, or assigned designee, or as required by law. Contracting Party shall not disclose to any other entity or person any information regarding the activities of City, except as required by law or as authorized by City. 188 -11- 7.7 Confidential or Personal Identifying Information. Contracting Party covenants that all City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft documents, discussion notes, or other information, if any, developed or received by Contracting Party or provided for performance of this Agreement are deemed confidential and shall not be disclosed by Contracting Party to any person or entity without prior written authorization by City or unless required by law. City shall grant authorization for disclosure if required by any lawful administrative or legal proceeding, court order, or similar directive with the force of law. All City data, data lists, trade secrets, documents with personal identifying information, documents that are not public records, draft documents, discussions, or other information shall be returned to City upon the termination or expiration of this Agreement. Contracting Party’s covenant under this section shall survive the termination or expiration of this Agreement. 8. ENFORCEMENT OF AGREEMENT. 8.1 California Law. This Agreement shall be interpreted, construed, and governed both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim, or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Riverside, State of California, or any other appropriate court in such county, and Contracting Party covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. 8.2 Disputes. In the event of any dispute arising under this Agreement, the injured party shall notify the injuring party in writing of its contentions by submitting a claim therefore. The injured party shall continue performing its obligations hereunder so long as the injuring party commences to cure such default within ten (10) days of service of such notice and completes the cure of such default within forty-five (45) days after service of the notice, or such longer period as may be permitted by the Contract Officer, or assigned designee; provided that if the default is an immediate danger to the health, safety, or general welfare, City may take such immediate action as City deems warranted. Compliance with the provisions of this Section shall be a condition precedent to termination of this Agreement for cause and to any legal action, and such compliance shall not be a waiver of any party’s right to take legal action in the event that the dispute is not cured, provided that nothing herein shall limit City’s right to terminate this Agreement without cause pursuant to this Article 8.0. During the period of time that Contracting Party is in default, City shall hold all invoices and shall, when the default is cured, proceed with payment on the invoices. In the alternative, City may, in 189 -12- its sole discretion, elect to pay some or all of the outstanding invoices during any period of default. 8.3 Retention of Funds. City may withhold from any monies payable to Contracting Party sufficient funds to compensate City for any losses, costs, liabilities, or damages it reasonably believes were suffered by City due to the default of Contracting Party in the performance of the Services required by this Agreement. 8.4 Waiver. No delay or omission in the exercise of any right or remedy of a non-defaulting party on any default shall impair such right or remedy or be construed as a waiver. City’s consent or approval of any act by Contracting Party requiring City’s consent or approval shall not be deemed to waive or render unnecessary City’s consent to or approval of any subsequent act of Contracting Party. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement. 8.5 Rights and Remedies are Cumulative. Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. 8.6 Legal Action. In addition to any other rights or remedies, either party may take legal action, at law or at equity, to cure, correct, or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. 8.7 Termination Prior To Expiration of Term. This Section shall govern any termination of this Agreement, except as specifically provided in the following Section for termination for cause. City reserves the right to terminate this Agreement at any time, with or without cause, upon thirty (30) days’ written notice to Contracting Party. Upon receipt of any notice of termination, Contracting Party shall immediately cease all Services hereunder except such as may be specifically approved by the Contract Officer, or assigned designee. Contracting Party shall be entitled to compensation for all Services rendered prior to receipt of the notice of termination and for any Services authorized by the Contract Officer, or assigned designee, thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, or assigned designee, except amounts held as a retention pursuant to this Agreement. 190 -13- 8.8 Termination for Default of Contracting Party. If termination is due to the failure of Contracting Party to fulfill its obligations under this Agreement, Contracting Party shall vacate any City-owned property which Contracting Party is permitted to occupy hereunder and City may, after compliance with the provisions of Section 8.2, take over the Services and prosecute the same to completion by contract or otherwise, and Contracting Party shall be liable to the extent that the total cost for completion of the Services required hereunder exceeds the compensation herein stipulated (provided that City shall use reasonable efforts to mitigate such damages), and City may withhold any payments to Contracting Party for the purpose of setoff or partial payment of the amounts owed City. 8.9 Attorneys’ Fees. If either party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable attorneys’ fees; provided, however, that the attorneys’ fees awarded pursuant to this Section shall not exceed the hourly rate paid by City for legal services multiplied by the reasonable number of hours spent by the prevailing party in the conduct of the litigation. Attorneys’ fees shall include attorneys’ fees on any appeal, and in addition a party entitled to attorneys’ fees shall be entitled to all other reasonable costs for investigating such action, taking depositions and discovery, and all other necessary costs the court allows which are incurred in such litigation. All such fees shall be deemed to have accrued on commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment. The court may set such fees in the same action or in a separate action brought for that purpose. 9. CITY OFFICERS AND EMPLOYEES; NONDISCRIMINATION. 9.1 Non-liability of City Officers and Employees. No officer, official, employee, agent, representative, or volunteer of City shall be personally liable to Contracting Party, or any successor in interest, in the event or any default or breach by City or for any amount which may become due to Contracting Party or to its successor, or for breach of any obligation of the terms of this Agreement. 9.2 Conflict of Interest. Contracting Party covenants that neither it, nor any officer or principal of it, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Contracting Party’s performance of the Services under this Agreement. Contracting Party further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent, or subcontractor without 191 -14- the express written consent of the Contract Officer, or assigned designee. Contracting Party agrees to at all times avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City in the performance of this Agreement. No officer or employee of City shall have any financial interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to this Agreement which effects his financial interest or the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any State statute or regulation. Contracting Party warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement. 9.3 Covenant against Discrimination. Contracting Party covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of any impermissible classification including, but not limited to, race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry in the performance of this Agreement. Contracting Party shall take affirmative action to ensure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, marital status, sexual orientation, national origin, or ancestry. 10. MISCELLANEOUS PROVISIONS. 10.1 Notice. Any notice, demand, request, consent, approval, or communication either party desires or is required to give the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail to the address set forth below. Either party may change its address by notifying the other party of the change of address in writing. Notice shall be deemed communicated forty-eight (48) hours from the time of mailing if mailed as provided in this Section. To City: CITY OF LA QUINTA Attention: Chris Escobedo 78495 Calle Tampico La Quinta, California 92253 To Contracting Party: Signature Sculpture Attention: Brett Fiore P.O. Box 920 Palm Desert, CA, 92261 10.2 Interpretation. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed 192 -15- for or against either party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. 10.3 Section Headings and Subheadings. The section headings and subheadings contained in this Agreement are included for convenience only and shall not limit or otherwise affect the terms of this Agreement. 10.4 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. 10.5 Integrated Agreement. This Agreement including the exhibits hereto is the entire, complete, and exclusive expression of the understanding of the parties. It is understood that there are no oral agreements between the parties hereto affecting this Agreement and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements, and understandings, if any, between the parties, and none shall be used to interpret this Agreement. 10.6 Amendment. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by Contracting Party and by the City Council of City. The parties agree that this requirement for written modifications cannot be waived and that any attempted waiver shall be void. 10.7 Severability. In the event that any one or more of the articles, phrases, sentences, clauses, paragraphs, or sections contained in this Agreement shall be declared invalid or unenforceable, such invalidity or unenforceability shall not affect any of the remaining articles, phrases, sentences, clauses, paragraphs, or sections of this Agreement which are hereby declared as severable and shall be interpreted to carry out the intent of the parties hereunder unless the invalid provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders this Agreement meaningless. 10.8 Unfair Business Practices Claims. In entering into this Agreement, Contracting Party offers and agrees to assign to City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. § 15) or under the Cartwright Act (Chapter 2, (commencing with Section 16700) of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of goods, services, or materials related to this Agreement. This assignment shall be made and become effective at the time City renders final payment to Contracting Party without further acknowledgment of the parties. 193 -16- 10.9 No Third-Party Beneficiaries. With the exception of the specific provisions set forth in this Agreement, there are no intended third-party beneficiaries under this Agreement and no such other third parties shall have any rights or obligations hereunder. 10.10 Authority. The persons executing this Agreement on behalf of each of the parties hereto represent and warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement, such party is formally bound to the provisions of this Agreement, and (iv) that entering into this Agreement does not violate any provision of any other Agreement to which said party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors, and assigns of the parties. [SIGNATURES ON FOLLOWING PAGE] 194 -17- IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates stated below. CITY OF LA QUINTA, a California Municipal Corporation _ JON McMILLEN, City Manager City of La Quinta, California Dated: SIGNATURE SCULPTURE, a California LLC. __________________________ BRETT FIORE, President Signature Sculpture, LLC. Dated:_____________________ ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California 195 Exhibit A Page 1 of 5 Last revised summer 2017 Exhibit A Scope of Services Services to be Provided: 1. Cleaning and providing preventative maintenance to artworks is required two (2) times (at minimum) each year throughout the duration of the three (3) year contract, which includes dusting, washing, and waxing. The artwork medium and material range from bronze, metal, stainless steel, stone, tile, glass, paint, aluminum, concrete, marble, and granite. Vendor will contact artist for each artwork’s maintenance guidelines and standards or will reference the City’s file on the art piece. If neither artist or art piece file is available, Vendor will use best judgment and maintain art piece based upon their expertise. 2. Minor conservation work will be performed as required (removing corrosion, graffiti, flaking of paint, water deposits, etc.) The collection should be free of water spots, spider webs, debris, and graffiti at all times. Occasional placement of signage and installation of plaques may be needed. Vendor may be called upon at any time to perform minor conservation work and must be able to respond on site within two hours in the case of an emergency. 3. A detailed written report is required to be included with the invoice stating the condition of the artwork before cleaning as well as details of work performed and any condition issues. Invoices shall be sent to the City’s Accounts Payable officers at ap@laquintaca.gov for payment. 4. Color photographs of artworks before and after treatment must be taken by the Vendor and included with detailed invoice as stated in number 3. 5. The Vendor will promptly provide staff with detailed information, including color photographs, regarding conservation or vandalism that may have occurred to the art. 6. Vendor is responsible for all equipment, supplies, and any and all actions and materials necessary or proper to successfully execute the services stated in number 1 and 2. 7. Vendor will develop a maintenance standard document for each artwork listed in Exhibit “C”. 196 Exhibit A Page 2 of 5 ADDENDUM TO AGREEMENT Re: Scope of Services If the Scope of Services include construction, alteration, demolition, installation, repair, or maintenance affecting real property or structures or improvements of any kind appurtenant to real property, the following apply: 1. Prevailing Wage Compliance. If Contracting Party is a contractor performing public works and maintenance projects, as described in this Section 1.3, Contracting Party shall comply with applicable Federal, State, and local laws. Contracting Party is aware of the requirements of California Labor Code Sections 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Sections 16000, et seq., (collectively, the “Prevailing Wage Laws”), and La Quinta Municipal Code Section 3.12.040, which require the payment of prevailing wage rates and the performance of other requirements on “Public works” and “Maintenance” projects. If the Services are being performed as part of an applicable “Public works” or “Maintenance” project, as defined by the Prevailing Wage Laws, and if construction work over twenty-five thousand dollars ($25,000.00) and/or alterations, demolition, repair or maintenance work over fifteen thousand dollars ($15,000.00) is entered into or extended on or after January 1, 2015 by this Agreement, Contracting Party agrees to fully comply with such Prevailing Wage Laws including, but not limited to, requirements related to the maintenance of payroll records and the employment of apprentices. Pursuant to California Labor Code Section 1725.5, no contractor or subcontractor may be awarded a contract for public work on a “Public works” project unless registered with the California Department of Industrial Relations (“DIR”) at the time the contract is awarded. If the Services are being performed as part of an applicable “Public works” or “Maintenance” project, as defined by the Prevailing Wage Laws, this project is subject to compliance monitoring and enforcement by the DIR. Contracting Party will maintain and will require all subcontractors to maintain valid and current DIR Public Works contractor registration during the term of this Agreement. Contracting Party shall notify City in writing immediately, and in no case more than twenty-four (24) hours, after receiving any information that Contracting Party’s or any of its subcontractor’s DIR registration status has been suspended, revoked, expired, or otherwise changed. It is understood that it is the responsibility of Contracting Party to determine the correct salary scale. Contracting Party shall make copies of the prevailing rates of per diem wages for each craft, classification, or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at Contracting Party’s principal place of business and at the project site, if any. The statutory penalties for failure to pay prevailing wage or to comply with State wage and hour laws will be enforced. Contracting Party must forfeit to City TWENTY- 197 Exhibit A Page 3 of 5 FIVE DOLLARS ($25.00) per day for each worker who works in excess of the minimum working hours when Contracting Party does not pay overtime. In accordance with the provisions of Labor Code Sections 1810 et seq., eight (8) hours is the legal working day. Contracting Party also shall comply with State law requirements to maintain payroll records and shall provide for certified records and inspection of records as required by California Labor Code Section 1770 et seq., including Section 1776. In addition to the other indemnities provided under this Agreement, Contracting Party shall defend (with counsel selected by City), indemnify, and hold City, its elected officials, officers, employees, and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. It is agreed by the parties that, in connection with performance of the Services, including, without limitation, any and all “Public works” (as defined by the Prevailing Wage Laws), Contracting Party shall bear all risks of payment or non-payment of prevailing wages under California law and/or the implementation of Labor Code Section 1781, as the same may be amended from time to time, and/or any other similar law. Contracting Party acknowledges and agrees that it shall be independently responsible for reviewing the applicable laws and regulations and effectuating compliance with such laws. Contracting Party shall require the same of all subcontractors. 2. Retention. Payments shall be made in accordance with the provisions of Article 2.0 of the Agreement. In accordance with said Sections, City shall pay Contracting Party a sum based upon ninety-five percent (95%) of the Contract Sum apportionment of the labor and materials incorporated into the Services under this Agreement during the month covered by said invoice. The remaining five percent (5%) thereof shall be retained as performance security to be paid to Contracting Party within sixty (60) days after final acceptance of the Services by the City Council of City, after Contracting Party has furnished City with a full release of all undisputed payments under this Agreement, if required by City. In the event there are any claims specifically excluded by Contracting Party from the operation of the release, City may retain proceeds (per Public Contract Code § 7107) of up to one hundred fifty percent (150%) of the amount in dispute. City’s failure to deduct or withhold shall not affect Contracting Party’s obligations under the Agreement. 3. Utility Relocation. City is responsible for removal, relocation, or protection of existing main or trunk-line utilities to the extent such utilities were not identified in the invitation for bids or specifications. City shall reimburse Contracting Party for any costs incurred in locating, repairing damage not caused by Contracting Party, and removing or relocating such unidentified utility facilities. Contracting Party shall not be assessed liquidated 198 Exhibit A Page 4 of 5 damages for delay arising from the removal or relocation of such unidentified utility facilities. 4. Trenches or Excavations. Pursuant to California Public Contract Code Section 7104, in the event the work included in this Agreement requires excavations more than four (4) feet in depth, the following shall apply: (a) Contracting Party shall promptly, and before the following conditions are disturbed, notify City, in writing, of any: (1) material that Contracting Party believes may be material that is hazardous waste, as defined in Section 25117 of the Health and Safety Code, that is required to be removed to a Class I, Class II, or Class III disposal site in accordance with provisions of existing law; (2) subsurface or latent physical conditions at the site different from those indicated by information about the site made available to bidders prior to the deadline for submitting bids; or (3) unknown physical conditions at the site of any unusual nature, different materially from those ordinarily encountered and generally recognized as inherent in work of the character provided for in the Agreement. (b) City shall promptly investigate the conditions, and if it finds that the conditions do materially so differ, or do involve hazardous waste, and cause a decrease or increase in Contracting Party’s cost of, or the time required for, performance of any part of the work shall issue a change order per Section 1.8 of the Agreement. (c) in the event that a dispute arises between City and Contracting Party whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contracting Party’s cost of, or time required for, performance of any part of the work, Contracting Party shall not be excused from any scheduled completion date provided for by this Agreement, but shall proceed with all work to be performed under this Agreement. Contracting Party shall retain any and all rights provided either by contract or by law which pertain to the resolution of disputes and protests between the contracting Parties. 5. Safety. Contracting Party shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out the Services, Contracting Party shall at all times be in compliance with all applicable local, state, and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and lifesaving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, 199 Exhibit A Page 5 of 5 bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures. 6. Liquidated Damages. Since the determination of actual damages for any delay in performance of the Agreement would be extremely difficult or impractical to determine in the event of a breach of this Agreement, Contracting Party shall be liable for and shall pay to City the sum of One Thousand dollars ($1,000.00) as liquidated damages for each working day of delay in the performance of any of the Services required hereunder, as specified in the Schedule of Performance. In addition, liquidated damages may be assessed for failure to comply with the emergency call out requirements, if any, described in the Scope of Services. City may withhold from any moneys payable on account of the Services performed by Contracting Party any accrued liquidated damages. 200 Exhibit B Page 1 of 1 Exhibit B Schedule of Compensation With the exception of compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is not to exceed Sixty Thousand Dollars ($60,000) per fiscal year, encompassing the initial and any extended terms (the “Contract Sum”), which is comprised of $157,370 estimated costs for the Initial Term, an annual 3.5% increase in compensation for any Extended Terms, as well as compensation for unanticipated additional art repair services if requested by the City, for any existing or newly acquired art pieces and anticipated increases in costs for materials and/or labor, except as provided in Section 1.7. The Contract Sum shall be paid for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of this Agreement in four (4) installment payments per year, as per the payment schedule listed below. 2022-2023 Annual compensation for services: $50,663.00 Installment payments: $12,665.75 due two (2) weeks after execution of this agreement $12,665.75 due October 2022 $12,665.75 due February 2023 $12,665.75 due April 2023 2023-2024 Annual compensation for services: $52,436.00 Installment payments: $13,109.00 due July 2023 $13,109.00 due October 2023 $13,109.00 due February 2024 $13,109.00 due April 2024 2024-2025 Annual compensation for services: $54,271.00 Installment payments: $13,567.75 due July 2023 $12,567.75 due October 2024 $12,567.75 due February 2025 $12,567.75 due April 2025 201 Exhibit C Page 1 of 3 Exhibit C Schedule of Performance Contracting Party shall complete all services identified in the Scope of Services, Exhibit A of this Agreement, in accordance with the Project Schedule, attached hereto and incorporated herein by this reference. Each art piece will be scheduled for maintenance in Fall and Spring of every year of the contract. The art pieces to be serviced are as follows: Art Piece Location 1. 9/11 Memorial Civic Center Campus 2. Acknowledgment Area: Veterans Civic Center Campus 3. Acknowledgment Area: Artists and Athletes Civic Center Campus 4. Balancing Forms La Quinta City Hall 5. Golden Cattails La Quinta City Hall 6. Bronze Relief Map Civic Center Campus 7. The Couple La Quinta City Hall 8. Dedication, Courage, Honor Civic Center Campus 9. Desert Legacy Eisenhower Dr. & Ave 52 Roundabout 10. In-Between Earth and Sky Fritz Burns Park 11. Enchanted Oasis Wellness Center 12. Enjoy the Ride Civic Center Campus Bus Stop on Calle Tampico 13. Entrance Monument Highway 111 at Point Happy (Across the street from the Cliff House) 14. Fish Trap with Bear Calle Tecate & Avenida Madero 15. Eagle Sculpture (Jon Ritchen) La Quinta City Hall 16. Flowing Presence La Quinta City Hall 17. Galaxy of Colors La Quinta Library 18. Gateway to the Desert Fritz Burns Pool 19. Leader of the Pack Civic Center Campus 20. Lizards La Quinta City Hall 21. Native American Themes: Mosaic Sidewalk Art Civic Center Campus 22. Palm Crossing Corner of Washington St. and Avenue 52 23. Rams (Big Horn Sheep) SilverRock Entryway 24. Roadrunner Avenue 52 & Jefferson St. Roundabout 25. Solitude Wellness Center 26. Spirit Guardian Wellness Center 27. Stan’s Vision Civic Center Campus 28. Sun and Moonbeam Civic Center Campus 202 -2- 29. Timestream Avenida Montezuma & Avenida Navarro 30. T-Rex La Quinta Library 31. Arch Sculpture Fritz Burns Park 32. Wilderness Totem La Quinta City Hall 33. Colibri Desert Club Dr. & Avenida La Fonda Art Pedestal 34. True Blue Desert Club Dr. &Calle Estado Art Pedestal 35. Hydra Avenida La Fonda & Main St. Wall 36. Chromaplex La Quinta Library 37. Volta La Quinta Library 38. Cactus Garden in La Quinta Wellness Center 39. Symphony on the Salton Sea Wellness Center 40. Beautiful Day Wellness Center 41. Edge of Forever Wellness Center 42. Lost Horizon Wellness Center 43. Portal on Landscape Wellness Center 44. Eclipse Wellness Center 45. Flight of Man Wellness Center 46. Grace & Milo Wellness Center 47. Through Wellness Center 48. Couples Wellness Center 49. Rather Deco Wellness Center 50. Historical La Quinta Mural Wellness Center 51. Metal Sculpture Wellness Center’s Southern Door 52. Bloom Fred Waring Dr. & Adams St. 53. SilverRock Restroom Facility Mural SilverRock Resort 54. Big Horn Sheep Fire Station 32 55. Bridge Railings: On Ave 52 On Ave 52 near The Hideaway 56. Bridge Railings: Madison St. On Avenue 50 and Madison St. 57. Bridge Railings: Jefferson St. & Vista Grande Jefferson St. & Vista Grande 58. Bridge Railings: Avenue 48 & Washington St. Avenue 48 & Washington St. 59. Bridge Railings: Avenue 50 & Eisenhower Avenue 50 & Eisenhower 60. Bridge Railings: Washington St between Ave 40 and Calle Tampico Washington St between Ave 40 and Calle Tampico 61. Bridge Railings: Washington St. & HWY (near The Beer Hunter) Washington St & HWY 111 62. Spirit of La Quinta La Quinta City Hall 203 -3- 63. Color Swirl La Quinta Library 64. Opal Drops La Quinta City Hall 65. Bronze Baseball Player La Quinta Park 66. League Bench La Quinta City Hall 67. Garden of Anazasi La Quinta City Hall 68. Coyote La Quinta Library 69. Mountain Lion La Quinta Library 70. Roadrunner La Quinta Library 71. On the Count of Three Seeley Dr. Roundabout 72. Maori Fritz Burns Park (pool area) 73. Wheels of Fortune La Quinta X Park 74. La Quinta Dip N’ Dots La Quinta X Park 74. Bird Song Lumberyard Building (near LQ Museum) *An additional 2-4 art pieces may be acquired by the City every year of the contract and added to the above maintenance schedule. 204 Exhibit D Page 1 of 1 Exhibit D Special Requirements None. 205 Exhibit E Page 1 of 6 Exhibit E Insurance Requirements E.1 Insurance. Prior to the beginning of and throughout the duration of this Agreement, the following policies shall be maintained and kept in full force and effect providing insurance with minimum limits as indicated below and issued by insurers with A.M. Best ratings of no less than A-VI: Commercial General Liability (at least as broad as ISO CG 0001) $1,000,000 (per occurrence) $2,000,000 (general aggregate) Must include the following endorsements: General Liability Additional Insured General Liability Primary and Non-contributory Commercial Auto Liability (at least as broad as ISO CA 0001) $1,000,000 (per accident) Auto Liability Additional Insured Personal Auto Declaration Page if applicable Workers’ Compensation (per statutory requirements) Must include the following endorsements: Workers Compensation with Waiver of Subrogation Workers Compensation Declaration of Sole Proprietor if applicable Contracting Party shall procure and maintain, at its cost, and submit concurrently with its execution of this Agreement, Commercial General Liability insurance against all claims for injuries against persons or damages to property resulting from Contracting Party’s acts or omissions rising out of or related to Contracting Party’s performance under this Agreement. The insurance policy shall contain a severability of interest clause providing that the coverage shall be primary for losses arising out of Contracting Party’s performance hereunder and neither City nor its insurers shall be required to contribute to any such loss. An endorsement evidencing the foregoing and naming the City and its officers and employees as additional insured (on the Commercial General Liability policy only) must be submitted concurrently with the execution of this Agreement and approved by City prior to commencement of the services hereunder. Contracting Party shall carry automobile liability insurance of $1,000,000 per accident against all claims for injuries against persons or damages to property arising out of the use of any automobile by Contracting 206 Exhibit E Page 2 of 6 Party, its officers, any person directly or indirectly employed by Contracting Party, any subcontractor or agent, or anyone for whose acts any of them may be liable, arising directly or indirectly out of or related to Contracting Party’s performance under this Agreement. If Contracting Party or Contracting Party’s employees will use personal autos in any way on this project, Contracting Party shall provide evidence of personal auto liability coverage for each such person. The term “automobile” includes, but is not limited to, a land motor vehicle, trailer or semi-trailer designed for travel on public roads. The automobile insurance policy shall contain a severability of interest clause providing that coverage shall be primary for losses arising out of Contracting Party’s performance hereunder and neither City nor its insurers shall be required to contribute to such loss. Contracting Party shall carry Workers’ Compensation Insurance in accordance with State Worker’s Compensation laws with employer’s liability limits no less than $1,000,000 per accident or disease. If coverage is maintained on a claims-made basis, Contracting Party shall maintain such coverage for an additional period of three (3) years following termination of the contract. Contracting Party shall provide written notice to City within ten (10) working days if: (1) any of the required insurance policies is terminated; (2) the limits of any of the required polices are reduced; or (3) the deductible or self-insured retention is increased. In the event any of said policies of insurance are cancelled, Contracting Party shall, prior to the cancellation date, submit new evidence of insurance in conformance with this Exhibit to the Contract Officer. The procuring of such insurance or the delivery of policies or certificates evidencing the same shall not be construed as a limitation of Contracting Party’s obligation to indemnify City, its officers, employees, contractors, subcontractors, or agents. E.2 Remedies. In addition to any other remedies City may have if Contracting Party fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, City may, at its sole option: a. Obtain such insurance and deduct and retain the amount of the premiums for such insurance from any sums due under this Agreement. b. Order Contracting Party to stop work under this Agreement and/or withhold any payment(s) which become due to Contracting Party hereunder until Contracting Party demonstrates compliance with the requirements hereof. 207 Exhibit E Page 3 of 6 c. Terminate this Agreement. Exercise any of the above remedies, however, is an alternative to any other remedies City may have. The above remedies are not the exclusive remedies for Contracting Party’s failure to maintain or secure appropriate policies or endorsements. Nothing herein contained shall be construed as limiting in any way the extent to which Contracting Party may be held responsible for payments of damages to persons or property resulting from Contracting Party’s or its subcontractors’ performance of work under this Agreement. E.3 General Conditions Pertaining to Provisions of Insurance Coverage by Contracting Party. Contracting Party and City agree to the following with respect to insurance provided by Contracting Party: 1. Contracting Party agrees to have its insurer endorse the third party general liability coverage required herein to include as additional insureds City, its officials, employees, and agents, using standard ISO endorsement No. CG 2010 with an edition prior to 1992. Contracting Party also agrees to require all contractors, and subcontractors to do likewise. 2. No liability insurance coverage provided to comply with this Agreement shall prohibit Contracting Party, or Contracting Party’s employees, or agents, from waiving the right of subrogation prior to a loss. Contracting Party agrees to waive subrogation rights against City regardless of the applicability of any insurance proceeds, and to require all contractors and subcontractors to do likewise. 3. All insurance coverage and limits provided by Contracting Party and available or applicable to this Agreement are intended to apply to the full extent of the policies. Nothing contained in this Agreement or any other agreement relating to City or its operations limits the application of such insurance coverage. 4. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing. 5. No liability policy shall contain any provision or definition that would serve to eliminate so-called “third party action over” claims, including any exclusion for bodily injury to an employee of the insured or of any contractor or subcontractor. 6. All coverage types and limits required are subject to approval, modification and additional requirements by the City, as the need arises. 208 Exhibit E Page 4 of 6 Contracting Party shall not make any reductions in scope of coverage (e.g. elimination of contractual liability or reduction of discovery period) that may affect City’s protection without City’s prior written consent. 7. Proof of compliance with these insurance requirements, consisting of certificates of insurance evidencing all the coverages required and an additional insured endorsement to Contracting Party’s general liability policy, shall be delivered to City at or prior to the execution of this Agreement. In the event such proof of any insurance is not delivered as required, or in the event such insurance is canceled at any time and no replacement coverage is provided, City has the right, but not the duty, to obtain any insurance it deems necessary to protect its interests under this or any other agreement and to pay the premium. Any premium so paid by City shall be charged to and promptly paid by Contracting Party or deducted from sums due Contracting Party, at City option. 8. It is acknowledged by the parties of this agreement that all insurance coverage required to be provided by Contracting Party or any subcontractor, is intended to apply first and on a primary, non-contributing basis in relation to any other insurance or self-insurance available to City. 9. Contracting Party agrees to ensure that subcontractors, and any other party involved with the project that is brought onto or involved in the project by Contracting Party, provide the same minimum insurance coverage required of Contracting Party. Contracting Party agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Contracting Party agrees that upon request, all agreements with subcontractors and others engaged in the project will be submitted to City for review. 10. Contracting Party agrees not to self-insure or to use any self- insured retentions or deductibles on any portion of the insurance required herein (with the exception of professional liability coverage, if required) and further agrees that it will not allow any contractor, subcontractor, Architect, Engineer or other entity or person in any way involved in the performance of work on the project contemplated by this agreement to self-insure its obligations to City. If Contracting Party’s existing coverage includes a deductible or self-insured retention, the deductible or self-insured retention must be declared to the City. At that time the City shall review options with the Contracting Party, which may include reduction or elimination of the deductible or self-insured retention, substitution of other coverage, or other solutions. 209 Exhibit E Page 5 of 6 11. The City reserves the right at any time during the term of this Agreement to change the amounts and types of insurance required by giving the Contracting Party ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Contracting Party, the City will negotiate additional compensation proportional to the increased benefit to City. 12. For purposes of applying insurance coverage only, this Agreement will be deemed to have been executed immediately upon any party hereto taking any steps that can be deemed to be in furtherance of or towards performance of this Agreement. 13. Contracting Party acknowledges and agrees that any actual or alleged failure on the part of City to inform Contracting Party of non- compliance with any insurance requirement in no way imposes any additional obligations on City nor does it waive any rights hereunder in this or any other regard. 14. Contracting Party will renew the required coverage annually as long as City, or its employees or agents face an exposure from operations of any type pursuant to this agreement. This obligation applies whether the agreement is canceled or terminated for any reason. Termination of this obligation is not effective until City executes a written statement to that effect. 15. Contracting Party shall provide proof that policies of insurance required herein expiring during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Proof that such coverage has been ordered shall be submitted prior to expiration. A coverage binder or letter from Contracting Party’s insurance agent to this effect is acceptable. A certificate of insurance and an additional insured endorsement is required in these specifications applicable to the renewing or new coverage must be provided to City within five (5) days of the expiration of coverages. 16. The provisions of any workers’ compensation or similar act will not limit the obligations of Contracting Party under this agreement. Contracting Party expressly agrees not to use any statutory immunity defenses under such laws with respect to City, its employees, officials, and agents. 17. Requirements of specific coverage features, or limits contained in this section are not intended as limitations on coverage, limits or other requirements nor as a waiver of any coverage normally provided by any given policy. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be limiting or all-inclusive. 210 Exhibit E Page 6 of 6 18. These insurance requirements are intended to be separate and distinct from any other provision in this Agreement and are intended by the parties here to be interpreted as such. 19. The requirements in this Exhibit supersede all other sections and provisions of this Agreement to the extent that any other section or provision conflicts with or impairs the provisions of this Exhibit. 20. Contracting Party agrees to be responsible for ensuring that no contract used by any party involved in any way with the project reserves the right to charge City or Contracting Party for the cost of additional insurance coverage required by this agreement. Any such provisions are to be deleted with reference to City. It is not the intent of City to reimburse any third party for the cost of complying with these requirements. There shall be no recourse against City for payment of premiums or other amounts with respect thereto. 21. Contracting Party agrees to provide immediate notice to City of any claim or loss against Contracting Party arising out of the work performed under this agreement. City assumes no obligation or liability by such notice, but has the right (but not the duty) to monitor the handling of any such claim or claims if they are likely to involve City. 211 Exhibit F Page 1 of 3 Exhibit F Indemnification F.1 Indemnity for the Benefit of City. a. Indemnification for Professional Liability. When the law establishes a professional standard of care for Contracting Party’s Services, to the fullest extent permitted by law, Contracting Party shall indemnify, protect, defend (with counsel selected by City), and hold harmless City and any and all of its officials, employees, and agents (“Indemnified Parties”) from and against any and all claims, losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused in whole or in part by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. b. Indemnification for Other Than Professional Liability. Other than in the performance of professional services and to the full extent permitted by law, Contracting Party shall indemnify, defend (with counsel selected by City), and hold harmless the Indemnified Parties from and against any liability (including liability for claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged or threatened, including, without limitation, incidental and consequential damages, court costs, attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses) incurred in connection therewith and costs of investigation, where the same arise out of, are a consequence of, or are in any way attributable to, in whole or in part, the performance of this Agreement by Contracting Party or by any individual or entity for which Contracting Party is legally liable, including but not limited to officers, agents, employees, or subcontractors of Contracting Party. c. Indemnity Provisions for Contracts Related to Construction (Limitation on Indemnity). Without affecting the rights of City under any 212 Exhibit F Page 2 of 3 provision of this agreement, Contracting Party shall not be required to indemnify and hold harmless City for liability attributable to the active negligence of City, provided such active negligence is determined by agreement between the parties or by the findings of a court of competent jurisdiction. In instances where City is shown to have been actively negligent and where City’s active negligence accounts for only a percentage of the liability involved, the obligation of Contracting Party will be for that entire portion or percentage of liability not attributable to the active negligence of City. d. Indemnification Provision for Design Professionals. 1. Applicability of this Section F.1(d). Notwithstanding Section F.1(a) hereinabove, the following indemnification provision shall apply to a Contracting Party who constitutes a “design professional” as the term is defined in paragraph 3 below. 2. Scope of Indemnification. When the law establishes a professional standard of care for Contracting Party’s Services, to the fullest extent permitted by law, Contracting Party shall indemnify and hold harmless City and any and all of its officials, employees, and agents (“Indemnified Parties”) from and against any and all losses, liabilities of every kind, nature, and description, damages, injury (including, without limitation, injury to or death of an employee of Contracting Party or of any subcontractor), costs and expenses, including, without limitation, incidental and consequential damages, court costs, reimbursement of attorneys’ fees, litigation expenses, and fees of expert consultants or expert witnesses incurred in connection therewith and costs of investigation, to the extent same are caused by any negligent or wrongful act, error or omission of Contracting Party, its officers, agents, employees or subcontractors (or any entity or individual that Contracting Party shall bear the legal liability thereof) in the performance of professional services under this agreement. With respect to the design of public improvements, the Contracting Party shall not be liable for any injuries or property damage resulting from the reuse of the design at a location other than that specified in Exhibit A without the written consent of the Contracting Party. 3. Design Professional Defined. As used in this Section F.1(d), the term “design professional” shall be limited to licensed architects, registered professional engineers, licensed professional land surveyors and landscape architects, all as defined under current law, and as may be amended from time to time by Civil Code § 2782.8. F.2 Obligation to Secure Indemnification Provisions. Contracting Party agrees to obtain executed indemnity agreements with provisions 213 Exhibit F Page 3 of 3 identical to those set forth herein this Exhibit F, as applicable to the Contracting Party, from each and every subcontractor or any other person or entity involved by, for, with or on behalf of Contracting Party in the performance of this Agreement. In the event Contracting Party fails to obtain such indemnity obligations from others as required herein, Contracting Party agrees to be fully responsible according to the terms of this Exhibit. Failure of City to monitor compliance with these requirements imposes no additional obligations on City and will in no way act as a waiver of any rights hereunder. This obligation to indemnify and defend City as set forth in this Agreement are binding on the successors, assigns or heirs of Contracting Party and shall survive the termination of this Agreement. 214 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED APRIL 30, 2022 RECOMMENDATION Receive and file revenue and expenditure report dated April 30, 2022. EXECUTIVE SUMMARY •The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for April 2022 (Attachment 1). •These reports are also reviewed by the Financial Advisory Commission. FISCAL IMPACT – None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2021 for fiscal year (FY) 2021/22. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year, including carryovers from the prior FY. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used – represents the percentage activity as compared to budget YTD. CONSENT CALENDAR ITEM NO. 19 215 The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Claudia Martinez, Finance Director Attachment: 1. Revenue and Expenditure Report for April 30, 2022 MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund (GF)$6,268,104 $51,183,646 78.27% 42,162,084$ 73.09% All Funds $7,415,420 $82,355,366 55.02% 81,722,319$ 46.96% MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund $1,578,840 $33,735,354 46.41% 31,146,783$ 46.44% Payroll (GF)$913,256 $10,588,629 78.61% 7,706,174$ 66.86% All Funds $3,262,905 $75,961,517 44.12% 87,787,338$ 46.58% April 2022 Expenditures Comparison to LY April 2022 Revenues Comparison to LY General Fund Non-General Fund Transient Occupancy (Hotel) Tax 2,098,942$ SilverRock Greens Fees 384,079$ Measure G Sales Tax 1,177,728$ County Sales Tax (Measure A)296,300$ Sales Tax 959,345$ CVAG Capital Improvement Program (CIP) Funding(1)201,578$ Property Tax 712,035$ Developer Impact Fees- Transportation 172,218$ SoCal Gas Franchise Fees 206,498$ Gas Tax Fund 141,635$ General Fund Non-General Fund Visit Greater Palm Springs 131,076$ Purchased Vehicles 262,022$ Parks Landscape Maintenance 48,536$ Capital Improvement Program - Construction(2)206,104$ Marketing and Tourism Promotions 46,834$ SilverRock Maintenance 159,702$ Animal Shelter Contract Service 35,214$ Parks Equipment 127,074$ Contract Traffic Engineer 28,580$ Housing Authority Rental Expenses 71,967$ Top Five Revenue/Income Sources for April Top Five Expenditures/Outlays for April (2)CIP Construction: X-Park parking lot, SRR retention basin, misc. ADA improvements, and Fire Station 70 (1) CVAG CIP Funding: Represents the Coachella Valley Association of Governments (CVAG) contribution towards the Dune Palms bridge capital project. 216 Page 1 of 3 Revenue Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 51,183,6466,268,10458,804,210 65,392,532 -14,208,886 78.27% 201 - GAS TAX FUND 1,481,827141,6351,965,880 1,965,880 -484,053 75.38% 202 - LIBRARY & MUSEUM FUND 38,5902012,850,700 2,851,900 -2,813,310 1.35% 203 - PUBLIC SAFETY FUND (MEASURE G)1,23605,000 5,000 -3,764 24.73% 210 - FEDERAL ASSISTANCE FUND 1,4231,530151,000 151,000 -149,577 0.94% 212 - SLESA (COPS) FUND 120,8458,333101,000 101,000 19,845 119.65% 215 - LIGHTING & LANDSCAPING FUND 1,796,28602,274,700 2,274,700 -478,414 78.97% 221 - AB 939 - CALRECYCLE FUND 55,53414,17070,000 125,120 -69,586 44.38% 223 - MEASURE A FUND 1,324,913296,3001,567,000 1,567,000 -242,087 84.55% 225 - INFRASTRUCTURE FUND 780100100 -22 78.21% 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)28,845012,000 12,000 16,845 240.37% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)6,01805,000 5,000 1,018 120.36% 230 - CASp FUND, AB 1379 16,3561,70819,200 19,200 -2,844 85.19% 231 - SUCCESSOR AGCY PA 1 RORF 7,181,309000 7,181,309 0.00% 235 - SO COAST AIR QUALITY FUND 26,184052,800 52,800 -26,616 49.59% 237 - SUCCESSOR AGCY PA 1 ADMIN 741000 741 0.00% 241 - HOUSING AUTHORITY 1,570,39486,180871,400 1,666,400 -96,006 94.24% 243 - RDA LOW-MOD HOUSING FUND 11,371035,000 35,000 -23,629 32.49% 247 - ECONOMIC DEVELOPMENT FUND 197,84934,72530,000 30,000 167,849 659.50% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)24,4450201,000 201,000 -176,555 12.16% 250 - TRANSPORTATION DIF FUND 2,152,772172,218428,000 428,000 1,724,772 502.98% 251 - PARKS & REC DIF FUND 656,39475,816351,000 351,000 305,394 187.01% 252 - CIVIC CENTER DIF FUND 463,11846,512152,000 152,000 311,118 304.68% 253 - LIBRARY DEVELOPMENT DIF 123,67514,29250,000 50,000 73,675 247.35% 254 - COMMUNITY & CULTURAL CENTERS DIF 297,14234,41672,000 72,000 225,142 412.70% 255 - STREET FACILITY DIF FUND 33,242000 33,242 0.00% 256 - PARK FACILITY DIF FUND 67000 67 0.00% 257 - FIRE PROTECTION DIF 150,80714,03666,000 66,000 84,807 228.50% 270 - ART IN PUBLIC PLACES FUND 186,7305,421130,000 130,000 56,730 143.64% 275 - LQ PUBLIC SAFETY OFFICER 2,20002,600 2,600 -400 84.61% 299 - INTEREST ALLOCATION FUND 415,06263,86900 415,062 0.00% 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 -1,100 0.00% 401 - CAPITAL IMPROVEMENT PROGRAMS 5,639,077201,5789,894,806 62,501,834 -56,862,757 9.02% 405 - SA PA 1 CAPITAL IMPRV FUND 2,433000 2,433 0.00% 501 - FACILITY & FLEET REPLACEMENT 919,84801,222,750 1,222,750 -302,902 75.23% 502 - INFORMATION TECHNOLOGY 1,345,2992,4051,786,700 1,786,700 -441,401 75.30% 503 - PARK EQUIP & FACILITY FUND 349,9050400,000 400,000 -50,095 87.48% 504 - INSURANCE FUND 757,65301,010,800 1,010,800 -253,147 74.96% 601 - SILVERROCK RESORT 4,660,181436,8694,157,693 4,187,693 472,488 111.28% 602 - SILVERROCK GOLF RESERVE 64,113067,000 67,000 -2,887 95.69% 760 - SUPPLEMENTAL PENSION PLAN 5,32506,000 6,000 -675 88.75% 761 - CERBT OPEB TRUST -24,286080,000 80,000 -104,286 30.36% 762 - PARS PENSION TRUST -913,281-504,898700,000 700,000 -1,613,281 130.47% Report Total:7,415,420 82,355,36689,594,439 149,671,109 -67,315,743 55.02% ATTACHMENT 1 For Fiscal: 2021/22 Period Ending: 04/30/2022 Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report published annually in December, is the best resource for all final audited numbers. 217 For Fiscal: 2021/22 Period Ending: 04/30/2022 Page 2 of 3 Expenditure Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 33,735,3541,578,84055,162,726 72,685,526 38,950,172 46.41% 201 - GAS TAX FUND 1,212,10639,1712,007,500 2,984,683 1,772,577 40.61% 202 - LIBRARY & MUSEUM FUND 546,32224,1134,306,510 4,732,500 4,186,178 11.54% 203 - PUBLIC SAFETY FUND (MEASURE G)189,82700286,397 96,570 66.28% 210 - FEDERAL ASSISTANCE FUND 1,5300148,350 207,377 205,847 0.74% 212 - SLESA (COPS) FUND 19,8730100,000 100,000 80,127 19.87% 215 - LIGHTING & LANDSCAPING FUND 1,624,402206,2572,257,400 2,257,400 632,998 71.96% 220 - QUIMBY FUND 378,878001,180,635 801,757 32.09% 221 - AB 939 - CALRECYCLE FUND 42,44222,486150,000 205,120 162,678 20.69% 223 - MEASURE A FUND 351,97401,220,500 2,614,501 2,262,527 13.46% 225 - INFRASTRUCTURE FUND 00022,618 22,618 0.00% 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)9,750012,000 12,000 2,250 81.25% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)005,000 5,000 5,000 0.00% 230 - CASp FUND, AB 1379 005,600 5,600 5,600 0.00% 231 - SUCCESSOR AGCY PA 1 RORF 15,285,742000 -15,285,742 0.00% 235 - SO COAST AIR QUALITY FUND 24,86910,24942,500 42,500 17,631 58.52% 237 - SUCCESSOR AGCY PA 1 ADMIN 3,500000 -3,500 0.00% 241 - HOUSING AUTHORITY 929,737108,0951,542,200 1,761,200 831,463 52.79% 243 - RDA LOW-MOD HOUSING FUND 7000250,000 250,000 249,300 0.28% 244 - HOUSING GRANTS (Multiple)87,2195,2230160,000 72,781 54.51% 247 - ECONOMIC DEVELOPMENT FUND 66,763021,500 71,500 4,737 93.38% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)8,631,040-5520,000 8,650,545 19,505 99.77% 250 - TRANSPORTATION DIF FUND 400,0000604,500 1,816,757 1,416,757 22.02% 253 - LIBRARY DEVELOPMENT DIF 0030,000 30,000 30,000 0.00% 254 - COMMUNITY & CULTURAL CENTERS DIF 00125,000 125,000 125,000 0.00% 270 - ART IN PUBLIC PLACES FUND 93,9876,460127,000 742,700 648,713 12.65% 310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 1,100 0.00% 401 - CAPITAL IMPROVEMENT PROGRAMS 4,432,356230,7379,894,806 60,651,008 56,218,652 7.31% 405 - SA PA 1 CAPITAL IMPRV FUND 1,067,016001,128,751 61,735 94.53% 501 - FACILITY & FLEET REPLACEMENT 818,880318,3851,222,750 1,619,714 800,834 50.56% 502 - INFORMATION TECHNOLOGY 1,101,794136,9801,786,700 2,256,627 1,154,833 48.82% 503 - PARK EQUIP & FACILITY FUND 242,292127,074255,000 347,635 105,343 69.70% 504 - INSURANCE FUND 919,483845936,800 936,800 17,317 98.15% 601 - SILVERROCK RESORT 3,649,491443,2144,161,262 4,191,262 541,771 87.07% 602 - SILVERROCK GOLF RESERVE 30,0000030,000 0 100.00% 760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87% 761 - CERBT OPEB TRUST 1,32201,500 1,500 178 88.15% 762 - PARS PENSION TRUST 50,0344,83352,000 52,000 1,966 96.22% Report Total:3,262,905 75,961,51786,463,054 172,178,807 96,217,290 44.12% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report published annually in December, is the best resource for all final audited numbers. 218 Fund #Name Notes 101 General Fund The primary fund of the City used to account for all revenue and expenditures of the City; a broad range of municipal activities are provided through this fund. 201 Gas Tax Fund Gasoline sales tax allocations received from the State which are restricted to street-related expenditures. 202 Library and Museum Fund Revenues from property taxes and related expenditures for library and museum services. 203 Public Safety Fund General Fund Measure G sales tax revenue set aside for public safety expenditures. 210 Federal Assistance Fund Community Development Block Grant (CDBG) received from the federal government and the expenditures of those resources. 212 SLESF (COPS) Fund Supplemental Law Enforcement Services Funds (SLESF) received from the State for law enforcement activities. Also known as Citizen's Option for Public Safety (COPS). 215 Lighting & Landscaping Fund Special assessments levied on real property for city-wide lighting and landscape maintenance/improvements and the expenditures of those resources. 220 Quimby Fund Developer fees received under the provisions of the Quimby Act for park development and improvements. 221 AB939 Fund/Cal Recycle Franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills through recycling efforts. Assembly Bill (AB) 939. 223 Measure A Fund County sales tax allocations which are restricted to street-related expenditures. 224 TUMF Fund Developer-paid Transportation Uniform Mitigation Fees (TUMF) utilized for traffic projects in Riverside County. 225 Infrastructure Fund Developer fees for the acquisition, construction or improvement of the City’s infrastructure as defined by Resolution 226 Emergency Mgmt. Performance Grant (EMPG)Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 227 State Homeland Security Programs (SHSP)Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 230 CASP Fund, AB1379 / SB1186 Certified Access Specialist (CASp) program fees for ADA Accessibility Improvements; derived from Business License renewals. Assembly Bill (AB) 1379 and Senate Bill (SB) 1186. 231 Successor Agency PA 1 RORF Fund Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for Redevelopment Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former Redevelopment Agency (RDA). 235 SO Coast Air Quality Fund (AB2766, PM10)Contributions from the South Coast Air Quality Management District. Uses are limited to the reduction and control of airborne pollutants. Assembly Bill (AB) 2766. 237 Successor Agency PA 1 Admin Fund Successor Agency (SA) Project Area (PA) 1 for administration of the Recognized Obligation Payment Schedule (ROPS) associated with the former Redevelopment Agency (RDA). 241 Housing Authority Activities of the Housing Authority which is to promote and provide quality affordable housing. 243 RDA Low-Moderate Housing Fund Activities of the Housing Authority which is to promote and provide quality affordable housing. Accounts for RDA loan repayments (20% for Housing) and housing programs,. 244 Housing Grants Activites related Local Early Action Planning (LEAP) and SB2 grants for housing planning and development. 247 Economic Development Fund Proceeds from sale of City-owned land; transferred from General Fund for future economic development. 249 SA 2011 Low/Mod Bond Fund Successor Agency (SA) low/moderate housing fund; 2011 bonds refinanced in 2016. 250 Transportation DIF Fund Developer impact fees collected for specific public improvements - transportation related. 251 Parks & Rec. DIF Fund Developer impact fees collected for specific public improvements - parks and recreation. 252 Civic Center DIF Fund Developer impact fees collected for specific public improvements - Civic Center. 253 Library Development DIF Fund Developer impact fees collected for specific public improvements - library. 254 Community Center DIF Fund Developer impact fees collected for specific public improvements - community center. 255 Street Facility DIF Fund Developer impact fees collected for specific public improvements - streets. 256 Park Facility DIF Fund Developer impact fees collected for specific public improvements - parks. 257 Fire Protection DIF Fund Developer impact fees collected for specific public improvements - fire protection. 270 Art In Public Places Fund Developer fees collected in lieu of art placement; utilized for acquisition, installation and maintenance of public artworks. 275 LQ Public Safety Officer Fund Annual transfer in from General Fund; distributed to public safety officers disabled or killed in the line of duty. 299 Interest Allocation Fund Interest earned on investments. 310 LQ Finance Authority Debt Service Fund Accounted for the debt service the Financing Authority’s outstanding debt and any related reporting requirements. This bond was fully paid in October 2018. 401 Capital Improvement Program Fund Planning, design, and construction of various capital projects throughout the City. 405 SA PA 1 Capital Improvement Fund Successor Agency (SA) Project Area (PA) 1 bond proceeds restricted by the bond indenture covenants. Used for SilverRock infrastructure improvements. 501 Equipment Replacement Fund Internal Service Fund for vehicles, heavy equipment, and related facilities. 502 Information Technology Fund Internal Service Fund for computer hardware and software and phone systems. 503 Park Equipment & Facility Fund Internal Service Fund for park equipment and facilities. 504 Insurance Fund Internal Service Fund for city-wide insurance coverages. 601 SilverRock Resort Fund Enterprise Fund for activities of the city-owned golf course. 602 SilverRock Golf Reserve Fund Enterprise Fund for golf course reserves for capital improvements. 760 Supplemental Pension Plan (PARS Account)Supplemental pension savings plan for excess retiree benefits to general employees of the City. 761 Other Post Benefit Obligation Trust (OPEB)For retiree medical benefits and unfunded liabilities. 762 Pension Trust Benefit (PARS Account)For all pension-related benefits and unfunded liabilities. Fund Descriptions Page 3 of 3 219 220 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPROVE DEMAND REGISTERS DATED JUNE 17 AND 24, 2022 RECOMMENDATION Approve demand registers dated June 17 and 24, 2022. EXECUTIVE SUMMARY – None FISCAL IMPACT Demand of Cash: City 2,150,867.32$ Successor Agency of RDA -$ Housing Authority 17,706.88$ 2,168,574.20$ BACKGROUND/ANALYSIS Routine bills and payroll must be paid between Council meetings. Attachment 1 details the weekly demand registers for June 17 & 24, 2022. Warrants Issued: 208045-208125 390,718.32$ 208126-208193 1,336,016.07$ EFT #120 200.00$ W ire Transfers 179,612.38$ Payroll Tax Transfers 47,348.48$ Payroll Check # 37650 92.35$ Payroll Direct Deposit 214,586.60$ 2,168,574.20$ CONSENT CALENDAR ITEM NO. 20 221 The most significant expenditures on the demand registers are: Vendor Account Name(s)Amount Purpose Coachella Valley Water District(1) Construction & Utilities 945,663.30$ SRR Canal Crossing Construction & Water Service for City Chevrolet Cadillac Vehicles 92,586.70$ Purchase City Fleet Vehicles One Traverse & Two Equinoxes Coachella Valley Assoc of Government TUMF Payable to CVAG 68,750.00$ May TUMF Fees PWLC II, Inc.Maintenance/Services 59,086.38$ June Citywide Landscape Maintenance Services Pro-Cal Lighting, Inc.Construction 34,968.86$ X-Park Smart Pole Installation (1) Payments were made on 6/17/22 & 6/24/22 Wire Transfers: Four transfers totaled $179,612. Of this amount, $172,409 was to Landmark, and $4,949 was to ICMA. (See Attachment 2 for a complete listing). Investment Transactions: Full details of investment transactions as well as total holdings are reported quarterly in the Treasurer’s Report. Prepared by: Jesse Batres, Account Technician Approved by: Rosemary Hallick, Financial Services Analyst Attachments: 1. Demand Registers 2. Wire Transfers Transaction Issuer Type Par Value Settle Date Coupon Rate Maturity Allegiance Bank CD 245,000$ 6/13/22 3.100% Purchase United States Government Treasury 2,000,000$ 6/13/22 0.125% Purchase United States Government Treasury 4,000,000$ 6/13/22 0.125% Purchase United States Government Treasury 2,000,000$ 6/13/22 0.125% Purchase United States Government Treasury 5,000,000$ 6/13/22 0.125% Purchase United States Government Treasury 3,000,000$ 6/13/22 0.125% 222 6/27/2022 2:57:10 PM Page 1 of 8 Demand Register City of La Quinta Packet: APPKT03162 - 06/17/2022 JB AmountVendor Name Payment Number Description (Item)Account Name Account Number Fund: 101 - GENERAL FUND 580.75Professional Services05/2022 - STVR HOTLINE208058CENTRAL COMMUNICATIONS 101-6004-60103 360.80Advertising04/22/22 - B&C ANNUAL RECRUITMENT208067DESERT SUN PUBLISHING, LLC 101-1005-60450 171.60Advertising04/08-04/15/22 - SURPLUS AD208067DESERT SUN PUBLISHING, LLC 101-1006-60450 441.00Advertising04/01/22 - ANDALUSIA SDP & TTM208067DESERT SUN PUBLISHING, LLC 101-6002-60450 10.51Cable/Internet - Utilities06/05-07/04/22 - FS #32 CABLE (1841)208059CHARTER COMMUNICATIONS …101-2002-61400 2,120.63Marketing & Tourism Promoti…6/10/22- DIE STRUCK LAPEL PIN (1000) FO…208101PALMS TO PINES PRINTING 101-3007-60461 99.99Cable/Internet - Utilities06/03-07/02/22 - FS #93 INTERNET (3514)208059CHARTER COMMUNICATIONS …101-2002-61400 2,180.50Training & Education/MOU06/09/22 - TUITION REIMB D.ARMENDARIZ208052ARMENDARIZ, DERRICK 101-1004-60322 475.25Training & Education/MOU06/09/22 - TUITION REIMB T.FLORES208072FLORES, TANIA 101-1004-60322 1,327.89Marketing & Tourism Promoti…06/10/22 - BALL CAPS (55) FOR CITY BDAY208101PALMS TO PINES PRINTING 101-3007-60461 16,278.25Sales Tax Reimbursements06/16/22 - SALES TAX REIMB QTR ENDING…208098ONE ELEVEN LA QUINTA LLC 101-1007-60535 1.18Materials/Supplies05/31/22 - FINANCE CHARGE208086LINDE GAS & EQUIPMENT INC.101-3008-60431 39.08Materials/Supplies04/20-05/20/22 - CYLINDER RENTAL208086LINDE GAS & EQUIPMENT INC.101-3008-60431 214.63Supplies-Graffiti and Vandalism06/03/22 - PAINT FOR GRAFFITI REMOVAL208116THE SHERWIN-WILLIAMS CO.101-3005-60423 58.49Materials/Supplies05/24/22 - MOUNT SOAP DISPENSER FOR …208071FERGUSON ENTERPRISES, INC 101-3008-60431 118.94Materials/Supplies05/24/22 - FLUSHOMETERS FOR CH REST…208071FERGUSON ENTERPRISES, INC 101-3008-60431 58.49Materials/Supplies06/01/22 - MOUNT SOAP DISPENSER FOR…208071FERGUSON ENTERPRISES, INC 101-3008-60431 175.45Materials/Supplies06/02/22 - MOUNT SOAP DISPENSER208071FERGUSON ENTERPRISES, INC 101-3008-60431 13,797.00Map/Plan Checking04/2022 - ONCALL PLAN CHECK SVCS ENG…208079HR GREEN PACIFIC INC 101-7002-60183 186.77Citywide Supplies05/18/22 & 06/01/22 - CITYWIDE DRINKI…208111SPARKLETTS 101-1007-60403 4,863.60Materials/Supplies12/28/20 - PLAYGROUND FIBER WOOD CH…208049APOLLO WOOD PRODUCTS 101-3005-60431 5,273.81Machinery & Equipment06/16/22 - FS #32 UTILITY TRAILER208057BIG TEX TRAILER WORLD INC 101-2002-80101 4,100.00Marketing & Tourism Promoti…06/2022 - CREATIVE RETAINER208051ARK CONNECTS LLC 101-3007-60461 18,488.15School Officer03/10-04/06/22 - BP #10 SCHOOL RESOU…208066DESERT SANDS UNIFIED SCHO…101-2001-60168 5,000.00Marketing & Tourism Promoti…05/2022-06/2022 - eNEWSLETTER ADS208087LOS ANGELES MAGAZINE LLC 101-3007-60461 80.71Mobile/Cell Phones/Satellites05/2022 - SATELLITE PHONES208095NI GOVERNMENT SERVICES INC 101-2002-61304 137.25PM 10 - Dust Control05/09-06/05/22 - PM 10 ANSWERING SER…208048ANSAFONE CONTACT CENTERS 101-7006-60146 103.84Community Experiences05/23/22 - XPARK RULES SIGNAGE208125XPRESS GRAPHICS 101-3003-60149 77.88Office Supplies06/02/22 - OFFICE SUPPLIES208097ODP BUSINESS SOLUTIONS, LLC 101-1006-60400 200.00Membership Dues07/01/22-06/30/23 - MEMBERSHIP T.FLO…208060CITY CLERK ASSOCIATION OF C…101-6002-60351 199.00Travel & Training06/08/22 - TRAINING SEMINAR M.GONZA…208105PRYOR LEARNING, INC.101-6006-60320 69.21Office Supplies02/11/22 - INK FOR PLOTTER208112STAPLES ADVANTAGE 101-7001-60400 54.91Citywide Supplies06/06/22 - CITYWIDE CUPS208112STAPLES ADVANTAGE 101-1007-60403 440.15Annual Permits/Inspections03/17/22 - SENIOR CENTER ANNUAL OP F…208110SOUTH COAST AIR QUALITY M…101-3008-60196 149.72Annual Permits/InspectionsFY 21-22 SENIOR CENTER EMISSIONS FEES208110SOUTH COAST AIR QUALITY M…101-3008-60196 291.02Uniforms05/24/22 - UNIFORMS208094MISSION LINEN SUPPLY 101-6003-60690 645.00Map/Plan Checking06/08/22 - FTM 2022-0001 ONCALL MAP …208107RASA/ERIC NELSON 101-7002-60183 740.00Map/Plan Checking06/08/22 - FTM 2022-0002 ONCALL MAP …208107RASA/ERIC NELSON 101-7002-60183 580.00Map/Plan Checking06/10/22 - LAD 2022-0001 ONCALL MAP …208107RASA/ERIC NELSON 101-7002-60183 780.00Map/Plan Checking06/10/22 - LLA 2022-005 ONCALL MAP CH…208107RASA/ERIC NELSON 101-7002-60183 310.00Map/Plan Checking06/10/22 - FTM 2020-0005 ONCALL MAP …208107RASA/ERIC NELSON 101-7002-60183 199.00Travel & Training05/17/22 - PRYOR TRAINING YR SUBSCRIP…208105PRYOR LEARNING, INC.101-6006-60320 1,355.40Temporary Agency Services04/15/22 - TEMP AGENCY SVCS G.HU208109ROBERT HALF 101-6002-60125 1,355.40Temporary Agency Services05/06/22 - TEMP AGENCY SVCS G.HU208109ROBERT HALF 101-6002-60125 1,355.40Temporary Agency Services05/13/22 - TEMP AGENCY SVCS G.HU208109ROBERT HALF 101-6002-60125 1,355.40Temporary Agency Services05/20/22 - TEMP AGENCY SVCS G.HU208109ROBERT HALF 101-6002-60125 32.58Temporary Agency Services05/27/22 - TEMP AGENCY SVCS T. SUDAK…208109ROBERT HALF 101-6006-60125 885.20Temporary Agency Services06/03/22 - TEMP AGENCY SVCS T.SUDAKO…208109ROBERT HALF 101-6006-60125 1,299.20Janitorial05/10/22 - WC COVID 19 CLEANNG208090MERCHANTS BUILDING MAINT…101-3008-60115 1,299.20Janitorial05/23/22 - WC COVID 19 CLEANING208090MERCHANTS BUILDING MAINT…101-3008-60115 290.00Janitorial05/24/22 - PW YARD COVID 19 CLEANING208090MERCHANTS BUILDING MAINT…101-3008-60115 14,870.85Plan Checks04/2022 - INSPECTION SERVICES208081INTERWEST CONSULTING GR…101-6003-60118 2,520.00Plan Checks04/2022 - ONCALL PLAN REVIEW208069ESGIL CORPORATION 101-6003-60118 ATTACHMENT 1 223 Demand Register Packet: APPKT03162 - 06/17/2022 JB 6/27/2022 2:57:10 PM Page 2 of 8 AmountVendor Name Payment Number Description (Item)Account Name Account Number 14,177.40Plan Checks05/2022 - INSPECTION SERVICES208081INTERWEST CONSULTING GR…101-6003-60118 19.25LQ Police Volunteers08/20/21 - POLICE SHRED208113STERICYCLE, INC 101-2001-60109 19.25LQ Police Volunteers09/17/21 - POLICE SHRED208113STERICYCLE, INC 101-2001-60109 38.50LQ Police Volunteers10/15/21 & 11/12/21 - POLICE SHRED208113STERICYCLE, INC 101-2001-60109 19.25LQ Police Volunteers01/18/22 - POLICE SHRED208113STERICYCLE, INC 101-2001-60109 19.25LQ Police Volunteers02/04/22 - POLICE SHRED208113STERICYCLE, INC 101-2001-60109 19.25LQ Police Volunteers03/04/22 - POLICE SHRED208113STERICYCLE, INC 101-2001-60109 19.25LQ Police Volunteers04/01/22 - POLICE SHRED208113STERICYCLE, INC 101-2001-60109 19.25LQ Police Volunteers04/29/22 - POLICE SHRED208113STERICYCLE, INC 101-2001-60109 21.28Postage06/01/22 - SHIP VETERANS PANEL FOR EN…208099ONTRAC 101-1007-60470 13,476.60Marketing & Tourism Promoti…05/2022 INVOICES & 06/2022 RETAINER208082JNS MEDIA SPECIALISTS 101-3007-60461 607.35Maintenance/Services01/01-03/31/21 - CH ELEVATOR MAINT208084KONE INC 101-3008-60691 631.65Maintenance/Services10/01-12/31/21 - CH ELEVATOR MAINT208084KONE INC 101-3008-60691 2,775.00Plan Checks04/2022 - ONCALL BUILDING & SAFETY PL…208081INTERWEST CONSULTING GR…101-6003-60118 11,793.75Plan Checks04/2022 - ONCALL BUILDING & SAFETY PL…208081INTERWEST CONSULTING GR…101-6003-60118 13.49Electric - Monticello Park - Utili…06/17/22 - ELECTRICITY SERVICE208080IMPERIAL IRRIGATION DIST 101-3005-61102 5,696.27Electric - Community Park - Util…06/17/22 - ELECTRICITY SERVICE208080IMPERIAL IRRIGATION DIST 101-3005-61109 512.41Water - Utilities06/13/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-2002-61200 3,367.72Water -Monticello Park - Utiliti…06/13/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-3005-61201 626.56Water -Pioneer Park - Utilities06/13/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-3005-61207 28.22Water -Seasons Park - Utilities06/13/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-3005-61208 24.71Water - Utilities06/13/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-3008-61200 274.24Water - Utilities06/15/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-2002-61200 168.28Water -Fritz Burns Park - Utiliti…06/15/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-3005-61204 239.48Water -Community Park - Utilit…06/15/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-3005-61209 71.69Water - Utilities06/15/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-3008-61200 3,648.15Professional Services06/2022 - SECURITY PATROL SERVICE208065DESERT RESORT MANAGEMENT 101-6004-60103 2,030.18HVAC05/13/22 - INSPECTION OF CH CHILLER208100PACIFIC WEST AIR CONDITION…101-3008-60667 4,389.15HVAC05/30/22 - CH HVAC MOTORS & FAN BLA…208100PACIFIC WEST AIR CONDITION…101-3008-60667 719.56Operating Supplies04/15/22 - FITNESS GYM WIPES208102PETRA-1, LP 101-3002-60420 47.34Telephone - Utilities06/2022 - LQ PARK PHONE208073FRONTIER COMMUNICATIONS…101-3005-61300 7,748.15X-Park Programming03/23-06/30/22 - ADDITIONAL CLEANING …208046ACTION PARK ALLIANCE, INC.101-3003-60190 23,782.50X-Park Programming06/2022 - SKATEPARK MANAGEMENT208046ACTION PARK ALLIANCE, INC.101-3003-60190 1,407.53Community Engagement5/2/22 - TENT AND CHAIRS RENTAL FOR L…208053BANK OF THE WEST 101-3007-60137 -8.03Sales Taxes Payable5/4/22 - ATV 32 EQUIP OFF ROAD RESCUE…208053BANK OF THE WEST 101-0000-20304 -72.53Sales Taxes Payable05/19/22 - WC GYM CARDS W/ KEY TAGS …208053BANK OF THE WEST 101-0000-20304 199.00Travel & Training05/16/22 - FRED PRYOR MEMBERSHIP J.B…208053BANK OF THE WEST 101-1006-60320 75.00Travel & Training05/2022 - INTRO TO GOV ACCOUNTING D…208053BANK OF THE WEST 101-1006-60320 75.00Travel & Training05/2022 - INTRO TO GOV ACCOUNTING J.…208053BANK OF THE WEST 101-1006-60320 26.95Postage05/06/22 - AP CHECK EXPRESS MAIL208053BANK OF THE WEST 101-1007-60470 2,557.66Fire Station04/29/22 - ATV 32 EQUIPMENT OFF ROAD…208053BANK OF THE WEST 101-2002-60670 99.87Fire Station05/04/22 - ATV 32 EQUIPMENT OFF ROAD…208053BANK OF THE WEST 101-2002-60670 125.01Fire Station05/25/22 - ATV 32 EQUIPMENT OFF ROAD…208053BANK OF THE WEST 101-2002-60670 114.19Fire Station05/23/22 - VINYL DECAL FOR ATV208053BANK OF THE WEST 101-2002-60670 2,618.55Furniture05/25/22 - FS # 93 REPLACING OLD MATT…208053BANK OF THE WEST 101-2002-71021 970.53Community Experiences05/19/22 - WC GYM CARDS W/ KEY TAGS208053BANK OF THE WEST 101-3003-60149 203.72Community Experiences05/09/22 - HEALTH DEPARTMENT FOOD P…208053BANK OF THE WEST 101-3003-60149 56.57Materials/Supplies05/17/22 - MATERIALS208053BANK OF THE WEST 101-3008-60431 30.30Travel & Training04/20/22 - EXPRESS LANE TO APWA AWA…208053BANK OF THE WEST 101-7001-60320 88.02Travel & Training05/02/22 - APWA LUNCH MEETING J.MIG…208053BANK OF THE WEST 101-7001-60320 29.34Travel & Training05/03/22 - APWA LUNCH MEETING K.GU…208053BANK OF THE WEST 101-7006-60320 70.65Recruiting/Pre-Employment05/10/22 - INTERVIEW PANEL LUNCH CR …208053BANK OF THE WEST 101-1004-60129 80.69Recruiting/Pre-Employment05/11/22 - INTERVIEW PANEL LUNCH PE…208053BANK OF THE WEST 101-1004-60129 141.91Recruiting/Pre-Employment05/19/22 - INTERVIEW LUNCH PANEL MA…208053BANK OF THE WEST 101-1004-60129 15.38Travel & Training05/26/22 - SNACKS FOR CLASS208053BANK OF THE WEST 101-1004-60320 298.62Office Supplies05/17/22 - PAPER SHREDDER208053BANK OF THE WEST 101-1002-60400 8.64Operating Supplies05/25/22 - LYSOL SPRAY208053BANK OF THE WEST 101-1002-60420 149.67Office Supplies05/13/2022 - FLASH DRVIES (20)208053BANK OF THE WEST 101-1005-60400 210.00Travel & Training05/09/22 - BUDGET DOCUMENT TRAINING…208053BANK OF THE WEST 101-1006-60320 74.40Office Supplies05/24/22 - VACCUM FOR FINANCE208053BANK OF THE WEST 101-1006-60400 224 Demand Register Packet: APPKT03162 - 06/17/2022 JB 6/27/2022 2:57:10 PM Page 3 of 8 AmountVendor Name Payment Number Description (Item)Account Name Account Number 20.08Office Supplies05/24/22 - AA BATTERIES208053BANK OF THE WEST 101-1006-60400 11.95Office Supplies05/03/22 - AAAA BATTERIES208053BANK OF THE WEST 101-2002-60400 33.68Small Tools & Equipment04/28/22 - HYDRANT WRENCH208053BANK OF THE WEST 101-2002-60545 44.57Small Tools & Equipment04/28/22 - SUPPLIES FOR FIRE SAFETY SPE…208053BANK OF THE WEST 101-2002-60545 195.75Fire Station05/04/22 - HANDHELD GPS NAVIGATOR208053BANK OF THE WEST 101-2002-60670 125.51Fire Station05/18/2022 - SUPPLIES FOR ATV208053BANK OF THE WEST 101-2002-60670 25.87Fire Station05/04/22 - SCREEN PROTECTOR & CARRY …208053BANK OF THE WEST 101-2002-60670 91.74Fire Station05/04/22 - ATV OIL CHANGE KIT AND FILT…208053BANK OF THE WEST 101-2002-60670 1,576.86Vehicles05/18/22 - TRUCK BED STORAGE FOR KHO…208053BANK OF THE WEST 101-2002-71031 130.00Membership Dues05/2022 - MAILCHIMP208053BANK OF THE WEST 101-3007-60351 19.95Marketing & Tourism Promoti…05/2022 - MUSIC & STORAGE BUNDLE208053BANK OF THE WEST 101-3007-60461 8.71Marketing & Tourism Promoti…04/30/22 - FB BOOSTED ADS208053BANK OF THE WEST 101-3007-60461 73.13Marketing & Tourism Promoti…04/30/22 - FB BOOSTED ADS208053BANK OF THE WEST 101-3007-60461 68.71Materials/Supplies05/09/2022 - X PARK FIRE CODE SIGNAGE208053BANK OF THE WEST 101-3008-60431 27.67Materials/Supplies05/09/2022 - X PARK FIRE CODE SIGNAGE208053BANK OF THE WEST 101-3008-60431 63.08Materials/Supplies05/09/2022 - X PARK FIRE CODE SIGNAGE208053BANK OF THE WEST 101-3008-60431 9.52Subscriptions & Publications05/2022 - DESERT SUN SUBSCRIPTION208053BANK OF THE WEST 101-6001-60352 191.76Office Supplies05/23/22 - OFFICE SUPPLIES208053BANK OF THE WEST 101-6001-60400 294.37Office Supplies05/23/2022 - STANDING DESKS208053BANK OF THE WEST 101-6001-60400 21.70Supplies - Field05/16/22 - POOL CHEMICAL TEST208053BANK OF THE WEST 101-6004-60425 51.14Due to County Recorder05/26/22 - CEQA COUNTY RECORDING FEE208053BANK OF THE WEST 101-0000-20325 117.40Advertising05/12/22 - PHN/ADVERT SR SNC208053BANK OF THE WEST 101-6002-60450 55.82Travel & Training05/24/22 - LUNCH FOR SAFETY TRAINING208053BANK OF THE WEST 101-3005-60320 899.00Prepaid ExpenseFY 22/23 CALTRAVEL SUMMIT M.GRAHAM…208053BANK OF THE WEST 101-0000-13600 20.00Travel & Training05/25/22 - DVBA LUNCH EVENT J.PENA208053BANK OF THE WEST 101-1001-60320 173.46Travel & Training05/03/22 - COUNCIL MEETING DINNER208053BANK OF THE WEST 101-1001-60320 68.00Travel & Training05/17/22 - COUNCIL MEETINGS SNACKS208053BANK OF THE WEST 101-1001-60320 147.90Travel & Training05/17/22 - COUNCIL MEETING DINNER208053BANK OF THE WEST 101-1001-60320 132.44Operating Supplies05/20/22 - FRAMES FOR CC PROCLAMATI…208053BANK OF THE WEST 101-1001-60420 70.00Travel & Training05/04/22 - LUNCH MEETING208053BANK OF THE WEST 101-1002-60320 750.00Travel & Training05/25/22 - GREATER PALM SPRINGS GOLF…208053BANK OF THE WEST 101-1002-60320 46.98Travel & Training05/26/22 - LUNCH MEETING208053BANK OF THE WEST 101-1002-60320 191.22Travel & Training05/16/22 - FOOD FOR M&O ALL HANDS M…208053BANK OF THE WEST 101-7003-60320 105.48Travel & Training05/16/22 - DRINKS FOR M&O ALL HANDS…208053BANK OF THE WEST 101-7003-60320 125.00Travel & Training05/16/22 - CMC CERTIFICATION PROGRAM…208053BANK OF THE WEST 101-1005-60320 115.00Membership Dues04/12/22 - IIMC ANNUAL MEMBERSHIP L…208053BANK OF THE WEST 101-1005-60351 240.00Fritz Burns Pool Maintenance06/2022 -FB POOL CAT 5000 COMPUTER …208096OCEAN SPRINGS TECH INC 101-3005-60184 2,258.69Electric - SilverRock Event Site -…06/15/22 - ELECTRICITY SERVICE208080IMPERIAL IRRIGATION DIST 101-3005-61115 40.80PM 10 - Dust Control06/15/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-7006-60146 1,115.51Water -Desert Pride - Utilities05/31/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…101-3005-61206 98.00Over Payments, AR Policy06/14/22 - HAZARD MATERIALS FEE REFU…208070EYECARE SERVICE PARTNERS …101-0000-20330 15.00Over Payments, AR Policy06/14/22 - BUSINESS LIC REFUND LIC 770…208068DSI SECURITY SERVICE 101-0000-20330 1,163.58Sheriff - Other03/25-04/24/22 - MOTOR FUEL CHARGES208108RIVERSIDE COUNTY SHERIFF D…101-2001-60176 677.34Sheriff - Other04/25-05/24/22 - MOTOR FUEL CHARGES208108RIVERSIDE COUNTY SHERIFF D…101-2001-60176 300.00Consultants04/2022-06/2022 - TRANSACTION TAX208078HINDERLITER DE LLAMAS & AS…101-1006-60104 3,500.00Contingency for Operations05/31/22 - STVR INITIATIVE IMPACT REPO…208118TOURISM ECONOMICS LLC 101-1002-60510 Fund 101 - GENERAL FUND Total:230,302.47 Fund: 201 - GAS TAX FUND 34.26Traffic Control Signs06/06/22 - TRAFFIC CONTROL SIGNS208117TOPS' N BARRICADES INC 201-7003-60429 52.74Traffic Control Signs06/06/22 - TRAFFIC CONTROL SIGNS208117TOPS' N BARRICADES INC 201-7003-60429 180.85Asphalt05/31/22 - ASPHALT208089MARTIN MARIETTA 201-7003-60430 331.39Safety Gear05/09/22 - IMPRINT FOR UNIFORMS208114SUMMIT SAFETY LLC 201-7003-60427 658.91Materials/Supplies05/19/22 - EPOXY ADHESIVES (10)208124WHITE CAP CONSTRUCTION S…201-7003-60431 71.05Materials/Supplies06/2022 - DIG ALERT FEES208122UNDERGROUND SERVICE ALERT 201-7003-60431 -440.00Materials/Supplies05/10/22 - DEPOSIT RETURN FOR ROTARY…208053BANK OF THE WEST 201-7003-60431 643.09Materials/Supplies05/10/22 - ROTARY MIXER RENTAL208053BANK OF THE WEST 201-7003-60431 Fund 201 - GAS TAX FUND Total:1,532.29 Fund: 202 - LIBRARY & MUSEUM FUND 607.35Maintenance/Services01/01-03/31/21 - MUSEUM ELEVATOR MA…208084KONE INC 202-3006-60691 631.65Maintenance/Services10/01-12/31/21 - MUSEUM ELEVATOR MA…208084KONE INC 202-3006-60691 225 Demand Register Packet: APPKT03162 - 06/17/2022 JB 6/27/2022 2:57:10 PM Page 4 of 8 AmountVendor Name Payment Number Description (Item)Account Name Account Number 178.70Water - Utilities06/13/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…202-3006-61200 Fund 202 - LIBRARY & MUSEUM FUND Total:1,417.70 Fund: 215 - LIGHTING & LANDSCAPING FUND 5,278.00SilverRock Way Landscape04/2022 - SRR PERIMETER LS MAINT208085LANDMARK GOLF MANAGEM…215-7004-60143 6,028.00SilverRock Way Landscape05/2022 - SRR PERIMETER LS MAINT208085LANDMARK GOLF MANAGEM…215-7004-60143 794.96Materials/Supplies05/25/22 - LANDSCAPE DG208119TRI-STATE MATERIALS INC 215-7004-60431 223.00Operating Supplies05/18/22 & 06/01/22 - DRINKING WATER208111SPARKLETTS 215-7004-60420 2,748.70Materials/Supplies06/01/22 - PLANTS208088MACIAS NURSERY, INC.215-7004-60431 1,824.00Maintenance/Services06/10/22 - LANDSCAPE DG FOR FS #70208106PWLC II, INC 215-7004-60691 1,216.00Maintenance/Services06/10/22 - PLANT REPLACEMENT208106PWLC II, INC 215-7004-60691 130.48Operating Supplies05/03/22 - LUNCH COOLERS (2)208053BANK OF THE WEST 215-7004-60420 10.58Safety Gear05/03/22 - SUNSCREEN208053BANK OF THE WEST 215-7004-60427 1,065.75Materials/Supplies04/29/22 - POTTERY208053BANK OF THE WEST 215-7004-60431 1,272.37Electric - Utilities06/13/22 - ELECTRICITY SERVICE208080IMPERIAL IRRIGATION DIST 215-7004-61116 493.94Electric - Medians - Utilities06/13/22 - ELECTRICITY SERVICE208080IMPERIAL IRRIGATION DIST 215-7004-61117 820.53Electric - Utilities06/15/22 - ELECTRICITY SERVICE208080IMPERIAL IRRIGATION DIST 215-7004-61116 524.95Electric - Medians - Utilities06/15/22 - ELECTRICITY SERVICE208080IMPERIAL IRRIGATION DIST 215-7004-61117 2,084.83Water - Medians - Utilities06/15/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…215-7004-61211 2,928.15Water - Medians - Utilities05/31/22 - WATER SERVICE208062COACHELLA VALLEY WATER DI…215-7004-61211 1,923.16Materials/Supplies05/31/22 - RAB BULLET LED LIGHTS (24)208064DESERT ELECTRIC SUPPLY 215-7004-60431 2,895.54Materials/Supplies06/01/22 - LED LIGHTING (105)208064DESERT ELECTRIC SUPPLY 215-7004-60431 Fund 215 - LIGHTING & LANDSCAPING FUND Total:32,262.94 Fund: 221 - AB 939 - CALRECYCLE FUND 1,357.44AB 939 Recycling Solutions05/2022 - RADIO ADS 93.7 KCLB208047ALPHA MEDIA LLC 221-0000-60127 1,357.44AB 939 Recycling Solutions05/2022 - RADIO ADS MIX 100.5208047ALPHA MEDIA LLC 221-0000-60127 14.13AB 939 Recycling Solutions05/27/22 - STORAGE BINS208053BANK OF THE WEST 221-0000-60127 591.30AB 939 Recycling Solutions5/20/22- BENJAMIN FRANKLIN SCHOOL R…208050ARC ATTIRE, INC 221-0000-60127 Fund 221 - AB 939 - CALRECYCLE FUND Total:3,320.31 Fund: 247 - ECONOMIC DEVELOPMENT FUND 80.00Travel & Training05/18/22 - DVBA LUNCH EVENT D.KINLEY …208053BANK OF THE WEST 247-0000-60320 Fund 247 - ECONOMIC DEVELOPMENT FUND Total:80.00 Fund: 270 - ART IN PUBLIC PLACES FUND 24,000.00Art Purchases05/20/22 - GOLD STAR FAMILY MONUME…208061CJR DESIGN 270-0000-74800 Fund 270 - ART IN PUBLIC PLACES FUND Total:24,000.00 Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS 1,372.80Construction04/06-04/13/22 - TOPZ LANDSCAPE BID AD208067DESERT SUN PUBLISHING, LLC 401-0000-60188 1,390.40Construction04/20-04/27/22 - AVE 53 ROUNDABOUT B…208067DESERT SUN PUBLISHING, LLC 401-0000-60188 72.50Construction05/31/22 - EQUIPMENT SHIPPING208083JTB SUPPLY CO., INC.401-0000-60188 2,730.00Construction5/31/22 - STRUTHERS DUNN FLASH TRAN…208083JTB SUPPLY CO., INC.401-0000-60188 238.88Construction5/31/22 EQUIPMENT TAXES208083JTB SUPPLY CO., INC.401-0000-60188 1,881.50Design03/2022 - JEFFERSON ST/AVE 53 ROUNDA…208091MICHAEL BAKER INTERNATIO…401-0000-60185 1,390.00Design01/2022 - SRR RETENTION BASIN SOIL STA…208077HERMANN DESIGN GROUP INC 401-0000-60185 1,035.00Design03/2022 - SRR BASIN LANDSCAPE ARCHIT…208077HERMANN DESIGN GROUP INC 401-0000-60185 3,679.50Design03/2022 - MARBELLA/SIERRA DEL RAY LA…208077HERMANN DESIGN GROUP INC 401-0000-60185 2,943.00Design03/2022 - DESERT PRIDE LANSCAPE ARCHI…208077HERMANN DESIGN GROUP INC 401-0000-60185 4,300.50Design03/2022 - X-PARK LANDSCAPE ARCHITECT…208077HERMANN DESIGN GROUP INC 401-0000-60185 850.00Design03/2022 - X-PARK LANDSCAPE ARCHITECT…208077HERMANN DESIGN GROUP INC 401-0000-60185 34,968.86Construction03/31/22 - XPARK SMART POLE INSTALL208104PRO-CAL LIGHTING INC.401-0000-60188 943.54Construction04/08/22 - TOPAZ CONSTRUCTION SET208103PLANIT REPROGRAPHICS SYST…401-0000-60188 216.92Construction05/18/22 - TRAFFIC IT EQUIPMENT208053BANK OF THE WEST 401-0000-60188 913.43Construction05/05/22 - CHAIRS FOR X-PARK208053BANK OF THE WEST 401-0000-60188 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total:58,926.83 Fund: 501 - FACILITY & FLEET REPLACEMENT 5,772.32Parts, Accessories, and Upfits5/19/22 - VEHICLE SAFETY LIGHTS INSTALL…208093MIKES AUTO ELECTRIC 501-0000-60675 13.00Street Sweeper05/01-06/01/22 - SWEEPER FUEL208115THE GAS COMPANY 501-0000-60678 64.73Parts, Accessories, and Upfits04/19/22 - CREEPER SEAT & STOOL COM…208053BANK OF THE WEST 501-0000-60675 1,137.92Parts, Accessories, and Upfits04/26/22 - RATCHET TIE DOWNS (16)208053BANK OF THE WEST 501-0000-60675 226 Demand Register Packet: APPKT03162 - 06/17/2022 JB 6/27/2022 2:57:10 PM Page 5 of 8 AmountVendor Name Payment Number Description (Item)Account Name Account Number 1,625.35Fuel & Oil05/2022 - FUEL CHARGES208074FUELMAN 501-0000-60674 Fund 501 - FACILITY & FLEET REPLACEMENT Total:8,613.32 Fund: 502 - INFORMATION TECHNOLOGY 170.85Cable/Internet - Utilities06/2022 - CH CABLE (4625)208059CHARTER COMMUNICATIONS …502-0000-61400 878.75Software Implementation/Enh…03/22-03/25/22 - SOFTWARE SERVICES208121TYLER TECHNOLOGIES 502-0000-71049 1,202.50Software Implementation/Enh…03/28-03/31/22 - SOFTWARE SERVICES208121TYLER TECHNOLOGIES 502-0000-71049 2,682.50Software Implementation/Enh…03/15/-04/06/22 - SOFTWARE SERVICES208121TYLER TECHNOLOGIES 502-0000-71049 925.00Software Implementation/Enh…04/11-04/15/22 - SOFTWARE SERVICES208121TYLER TECHNOLOGIES 502-0000-71049 3,750.00Software Licenses04/2022 - RENTALSCAPE208063DECKARD TECHNOLOGIES, INC.502-0000-60301 3,750.00Software Licenses05/2022 - RENTALSCAPE208063DECKARD TECHNOLOGIES, INC.502-0000-60301 3,750.00Software Licenses06/2022 - RENTALSCAPE208063DECKARD TECHNOLOGIES, INC.502-0000-60301 1,125.00Software Licenses04/06/22 - CITY WEBSITE DESIGN/IMPLE…208076GRANICUS 502-0000-60301 1,370.00Machinery & Equipment06/13/22 - CHAMBER AV EQUIPMENT UP…208120TRITON TECHNOLOGY SOLUTI…502-0000-80100 765.00Public Works, Software Enhan…06/2022 - TRAFFIC SERVER MAINTENANCE208045ACORN TECHNOLOGY SERVICES 502-0000-71048 784.92Software Licenses05/10-06/09/22 - MS AZURE ONLINE SVCS208092MICROSOFT CORPORATION 502-0000-60301 1,190.00Cable/Internet - Utilities06/03-07/02/22 - 2ND CITY INTERNET LINE208073FRONTIER COMMUNICATIONS…502-0000-61400 211.06Cable/Internet - Utilities06/04-07/03/22 - DSL SVC208073FRONTIER COMMUNICATIONS…502-0000-61400 29.99Software Licenses05/12/22-05/12/23 - VIDEO EDITING SOF…208053BANK OF THE WEST 502-0000-60301 14.99Software Licenses05/2022 - ADOBE HOMEBASE J.DELGADO208053BANK OF THE WEST 502-0000-60301 94.99Software Licenses05/04/22 - 1 YR SSL WEBSITE SECURITY208053BANK OF THE WEST 502-0000-60301 179.26Operating Supplies05/03/22 - IPAD CASES (3)208053BANK OF THE WEST 502-0000-60420 16.30Operating Supplies05/12/22 - PHONE SWIVEL CORD208053BANK OF THE WEST 502-0000-60420 65.22Operating Supplies05/25/22 - USB CABLES (3)208053BANK OF THE WEST 502-0000-60420 22.84Operating Supplies05/10/22 - LAPTOP CASE (1)208053BANK OF THE WEST 502-0000-60420 10.44Operating Supplies05/05/2022 - AAAA BATTERIES208053BANK OF THE WEST 502-0000-60420 197.37Operating Supplies05/11/22 - BACKUP & SURGE PROTECTOR …208053BANK OF THE WEST 502-0000-60420 79.93Operating Supplies05/18/2022 - IPAD CASES208053BANK OF THE WEST 502-0000-60420 60.00Operating Supplies05/11/22-05/11/23 - RING YEARLY PLAN208053BANK OF THE WEST 502-0000-60420 69.99Cable/Internet - Utilities05/28/22 -HULU SUBSCRIPTION208053BANK OF THE WEST 502-0000-61400 60.48D & D, Software Enhancements05/27-06/26/22 - UBIQ SUBSCRIPTION208053BANK OF THE WEST 502-0000-71042 1,639.88Machinery & Equipment05/10/22 - COMPUTER MONITORS (5)208053BANK OF THE WEST 502-0000-80100 272.78Operating Supplies5/18/22- IMAC INTEL 27 SSD UPGRADE B…208053BANK OF THE WEST 502-0000-60420 54.36Operating Supplies05/03/22 - MULTI-PORT HUB WITH POWE…208053BANK OF THE WEST 502-0000-60420 159.30Operating Supplies05/18/22 - MEMORY MODULE208053BANK OF THE WEST 502-0000-60420 761.24Machinery & Equipment04/26/22 - COMPUTER MONITOR M.GRA…208053BANK OF THE WEST 502-0000-80100 1,956.41Computers04/18/22 - MAC COMPUTER M.GRAHAM208053BANK OF THE WEST 502-0000-80103 Fund 502 - INFORMATION TECHNOLOGY Total:28,301.35 Fund: 601 - SILVERROCK RESORT 123.98Repair & Maintenance06/01/22 - SINK FOR SRR208071FERGUSON ENTERPRISES, INC 601-0000-60660 1,700.00Repair & Maintenance05/27/22 - BACKFLOW PREVENTER REPAI…208123USA DRAIN AND PLUMBING …601-0000-60660 137.13Bank Fees05/2022 - SRR ARMORED SVC208075GARDAWORLD 601-0000-60455 Fund 601 - SILVERROCK RESORT Total:1,961.11 Grand Total:390,718.32 227 Demand Register Packet: APPKT03162 - 06/17/2022 JB 6/27/2022 2:57:10 PM Page 6 of 8 Fund Summary Fund Expense Amount 101 - GENERAL FUND 230,302.47 201 - GAS TAX FUND 1,532.29 202 - LIBRARY & MUSEUM FUND 1,417.70 215 - LIGHTING & LANDSCAPING FUND 32,262.94 221 - AB 939 - CALRECYCLE FUND 3,320.31 247 - ECONOMIC DEVELOPMENT FUND 80.00 270 - ART IN PUBLIC PLACES FUND 24,000.00 401 - CAPITAL IMPROVEMENT PROGRAMS 58,926.83 501 - FACILITY & FLEET REPLACEMENT 8,613.32 502 - INFORMATION TECHNOLOGY 28,301.35 601 - SILVERROCK RESORT 1,961.11 Grand Total:390,718.32 Account Summary Account Number Account Name Expense Amount 101-0000-13600 Prepaid Expense 899.00 101-0000-20304 Sales Taxes Payable -80.56 101-0000-20325 Due to County Recorder 51.14 101-0000-20330 Over Payments, AR Policy 113.00 101-1001-60320 Travel & Training 409.36 101-1001-60420 Operating Supplies 132.44 101-1002-60320 Travel & Training 866.98 101-1002-60400 Office Supplies 298.62 101-1002-60420 Operating Supplies 8.64 101-1002-60510 Contingency for Operatio…3,500.00 101-1004-60129 Recruiting/Pre-Employme…293.25 101-1004-60320 Travel & Training 15.38 101-1004-60322 Training & Education/MOU 2,655.75 101-1005-60320 Travel & Training 125.00 101-1005-60351 Membership Dues 115.00 101-1005-60400 Office Supplies 149.67 101-1005-60450 Advertising 360.80 101-1006-60104 Consultants 300.00 101-1006-60320 Travel & Training 559.00 101-1006-60400 Office Supplies 172.36 101-1006-60450 Advertising 171.60 101-1007-60403 Citywide Supplies 241.68 101-1007-60470 Postage 48.23 101-1007-60535 Sales Tax Reimbursements 16,278.25 101-2001-60109 LQ Police Volunteers 173.25 101-2001-60168 School Officer 18,488.15 101-2001-60176 Sheriff - Other 1,840.92 101-2002-60400 Office Supplies 11.95 101-2002-60545 Small Tools & Equipment 78.25 101-2002-60670 Fire Station 3,335.60 101-2002-61200 Water - Utilities 786.65 101-2002-61304 Mobile/Cell Phones/Satell…80.71 101-2002-61400 Cable/Internet - Utilities 110.50 101-2002-71021 Furniture 2,618.55 101-2002-71031 Vehicles 1,576.86 101-2002-80101 Machinery & Equipment 5,273.81 101-3002-60420 Operating Supplies 719.56 101-3003-60149 Community Experiences 1,278.09 101-3003-60190 X-Park Programming 31,530.65 101-3005-60184 Fritz Burns Pool Maintena…240.00 101-3005-60320 Travel & Training 55.82 101-3005-60423 Supplies-Graffiti and Van…214.63 101-3005-60431 Materials/Supplies 4,863.60 101-3005-61102 Electric - Monticello Park -…13.49 228 Demand Register Packet: APPKT03162 - 06/17/2022 JB 6/27/2022 2:57:10 PM Page 7 of 8 Account Summary Account Number Account Name Expense Amount 101-3005-61109 Electric - Community Park …5,696.27 101-3005-61115 Electric - SilverRock Event…2,258.69 101-3005-61201 Water -Monticello Park - …3,367.72 101-3005-61204 Water -Fritz Burns Park - …168.28 101-3005-61206 Water -Desert Pride - Utili…1,115.51 101-3005-61207 Water -Pioneer Park - Utili…626.56 101-3005-61208 Water -Seasons Park - Util…28.22 101-3005-61209 Water -Community Park -…239.48 101-3005-61300 Telephone - Utilities 47.34 101-3007-60137 Community Engagement 1,407.53 101-3007-60351 Membership Dues 130.00 101-3007-60461 Marketing & Tourism Pro…26,126.91 101-3008-60115 Janitorial 2,888.40 101-3008-60196 Annual Permits/Inspectio…589.87 101-3008-60431 Materials/Supplies 667.66 101-3008-60667 HVAC 6,419.33 101-3008-60691 Maintenance/Services 1,239.00 101-3008-61200 Water - Utilities 96.40 101-6001-60352 Subscriptions & Publicati…9.52 101-6001-60400 Office Supplies 486.13 101-6002-60125 Temporary Agency Servic…5,421.60 101-6002-60351 Membership Dues 200.00 101-6002-60450 Advertising 558.40 101-6003-60118 Plan Checks 46,137.00 101-6003-60690 Uniforms 291.02 101-6004-60103 Professional Services 4,228.90 101-6004-60425 Supplies - Field 21.70 101-6006-60125 Temporary Agency Servic…917.78 101-6006-60320 Travel & Training 398.00 101-7001-60320 Travel & Training 118.32 101-7001-60400 Office Supplies 69.21 101-7002-60183 Map/Plan Checking 16,852.00 101-7003-60320 Travel & Training 296.70 101-7006-60146 PM 10 - Dust Control 178.05 101-7006-60320 Travel & Training 29.34 201-7003-60427 Safety Gear 331.39 201-7003-60429 Traffic Control Signs 87.00 201-7003-60430 Asphalt 180.85 201-7003-60431 Materials/Supplies 933.05 202-3006-60691 Maintenance/Services 1,239.00 202-3006-61200 Water - Utilities 178.70 215-7004-60143 SilverRock Way Landscape 11,306.00 215-7004-60420 Operating Supplies 353.48 215-7004-60427 Safety Gear 10.58 215-7004-60431 Materials/Supplies 9,428.11 215-7004-60691 Maintenance/Services 3,040.00 215-7004-61116 Electric - Utilities 2,092.90 215-7004-61117 Electric - Medians - Utiliti…1,018.89 215-7004-61211 Water - Medians - Utilities 5,012.98 221-0000-60127 AB 939 Recycling Solutions 3,320.31 247-0000-60320 Travel & Training 80.00 270-0000-74800 Art Purchases 24,000.00 401-0000-60185 Design 16,079.50 401-0000-60188 Construction 42,847.33 501-0000-60674 Fuel & Oil 1,625.35 501-0000-60675 Parts, Accessories, and Up…6,974.97 501-0000-60678 Street Sweeper 13.00 502-0000-60301 Software Licenses 13,299.89 229 Demand Register Packet: APPKT03162 - 06/17/2022 JB 6/27/2022 2:57:10 PM Page 8 of 8 Account Summary Account Number Account Name Expense Amount 502-0000-60420 Operating Supplies 1,117.80 502-0000-61400 Cable/Internet - Utilities 1,641.90 502-0000-71042 D & D, Software Enhance…60.48 502-0000-71048 Public Works, Software E…765.00 502-0000-71049 Software Implementation…5,688.75 502-0000-80100 Machinery & Equipment 3,771.12 502-0000-80103 Computers 1,956.41 601-0000-60455 Bank Fees 137.13 601-0000-60660 Repair & Maintenance 1,823.98 Grand Total:390,718.32 Project Account Summary Project Account Key Expense AmountProject Account Name Project Name **None**307,225.96**None****None** 151609CT 34,968.86Construction Expense La Quinta X Park 201603CT 3,229.77Construction Expense La Quinta Landscape Renovation Improvement 201603D 11,773.00Design Expense La Quinta Landscape Renovation Improvement 201709CT 1,390.40Construction Expense Ave 53 Jefferson St.Roundabout 201709D 1,881.50Design Expense Ave 53 Jefferson St.Roundabout 201804E 794.96Landscape & Lighting Median Island …Landscape & Lighting Median Island Improvements 202007D 2,425.00Design Expense SilverRock Retention Basin Soil Stabilization 2122TMICT 3,258.30Construction Expense FY21/22 Traffic Maintenance Improvements BDAYE 4,864.76City Picnic & Birthday Celebration Ex…City Picnic & Birthday Celebration CONCERTE 203.72Concert Expense Master Account for all SRR Concert Series CORONANR 2,888.40Corona Non Reimbursable Corona Virus Emergency Response CSA152E 13.00CSA 152 Expenses CSA 152 Project Tracking STVRE 15,478.90Short Term Vacation Rental Expense Short Term Vacation Rental Tracking XPARKE 321.79X Park Expenses X Park Grand Total:390,718.32 230 6/27/2022 2:56:34 PM Page 1 of 5 Demand Register City of La Quinta Packet: APPKT03167 - 06/24/2022 JB AmountVendor Name Payment Number Description (Item)Account Name Account Number Fund: 101 - GENERAL FUND 661.55Professional Services06/2022 - STVR HOTLINE208130CENTRAL COMMUNICATIONS 101-6004-60103 16,102.50Contract Traffic Engineer04/2022 - ONCALL TRAFFIC ENGINEERING …208192WILLDAN 101-7006-60144 100.00Travel & Training07/06/22 - SHERIFF'S DEPART AWARDS DI…208177SHERIFFS SPECIAL EVENTS 101-1001-60320 37,010.00Vehicles2022 CHEVROLET TRAVERSE AWD 4DR LT …208132CHEVROLET CADILLAC 101-2001-71031 200.00Annual Wellness Dollar Reimb…06/08/22 - ANNUAL WELLNESS DOLLARS …208162MENDEZ, MARTHA 101-1004-50252 200.00Annual Wellness Dollar Reimb…6/15/22 - ANNUAL WELLNESS DOLLARS RE…120CHAUDHRY, ELIZABETH 101-1004-50252 86.96Consultants/Employee Services06/01/22 - CLASS B DRIVER LICENSE REIMB…208169PALAFOX, JOSEPH 101-1004-60104 315.45Professional Services06/2022 - ARMORED SVCS208150GARDAWORLD 101-1006-60103 -157.69Lot Cleaning/Gravel Program06/16/22 - DELIVERY CHARGE REFUND208179SOUTHWEST BOULDER & STO…101-6004-60120 1,965.94Materials/Supplies06/16/22 - ANGEL MIX FOR BASEBALL FIE…208136CORONA CLAY COMPANY 101-3005-60431 595.00Administrative Citation Services04/2022 - CODE CITATION PROCESSING208142DATA TICKET, INC.101-6004-60111 346.69Administrative Citation Services04/2022 - POLICE CITATION PROCESSING208142DATA TICKET, INC.101-6004-60111 427.00Administrative Citation Services05/2022 - CODE CITATION PROCESSING208142DATA TICKET, INC.101-6004-60111 430.95Administrative Citation Services05/2022 - POLICE CITATION PROCESSING208142DATA TICKET, INC.101-6004-60111 57.16Materials/Supplies03/21/22 - KEYS208189VALLEY LOCK & SAFE 101-3008-60431 105.00Instructors06/17/22 - BALLROOM BEGINNING CLASS208178SHIRY, TERESA 101-3002-60107 575.40Instructors06/17/22 - YOGA CLASSES208137CORTEZ, ELISABETH 101-3002-60107 190.40Instructors06/17/22 - TAI CHI YANG CLASSES208153HEWETT, ATSUKO YAMANE 101-3002-60107 60.00Travel & Training06/21/22 - WEBINAR M.SALAS208129CACEO 101-6004-60320 60.00Travel & Training06/21/22 - WEBINAR C.GAMEZ208129CACEO 101-6004-60320 60.00Travel & Training06/21/22 - WEBINAR K.MEREDITH208129CACEO 101-6004-60320 60.00Travel & Training06/21/22 - WEBINAR G.DUCHENE208129CACEO 101-6004-60320 60.00Travel & Training06/21/22 - WEBINAR B.RODRIGUEZ208129CACEO 101-6004-60320 60.00Travel & Training06/21/22 - WEBINAR P.VILLANUEVA208129CACEO 101-6004-60320 6,323.07School Officer7/1/21-4/6/22 BP# 1-10 ADJ SCHOOL RES…208144DESERT SANDS UNIFIED SCHO…101-2001-60168 537.45Recruiting/Pre-Employment05/2022 - PRE-EMPLOYMENT BACKGROU…208156IRC CORPORATION 101-1004-60129 581.81Special Enforcement Funds6/16/22 - POLICE FIELD BALLISTIC VEST DE…208128BPS TACTICAL INC 101-2001-60175 1,257.50Professional Services05/16/22 - EMERGENCY SWEEPING208174QUALITY STREET SERVICE 101-7003-60103 38.32Office Supplies06/02/22 - DOCUMENT HOLDER V.ORTEGA208166ODP BUSINESS SOLUTIONS, LLC 101-1006-60400 17.40Office Supplies06/16/22 - AP PRINTING PAPER208166ODP BUSINESS SOLUTIONS, LLC 101-1006-60400 125.28Forms, Copier Paper06/16/22 - CITYWIDE COPY PAPER208166ODP BUSINESS SOLUTIONS, LLC 101-1007-60402 2,038.47Administration03/01-05/31/22 - BANK FEES208127BANK OF NEW YORK MELLON 101-1006-60102 240.00Travel & Training05/09/22 - LEAGUE OF CA CITIES DIVISON…208159LEAGUE OF CALIFORNIA CITIES 101-1002-60320 8,117.00Community Experiences05/21/22 - K-TEL ALL STARS CONCERT208160LH PRODUCTIONS 101-3003-60149 65.00Maintenance/Services09/08/21 - PEST CONTROL SVC BLACKHA…208167ON THE FLY TREE & PLANT HE…101-3005-60691 250.00Maintenance/Services06/14/22 - BEE ERRADICATION AT CLOUD …208167ON THE FLY TREE & PLANT HE…101-3005-60691 164.71Office Supplies06/14/22 - OFFICE SUPPLIES208180STAPLES ADVANTAGE 101-3005-60400 64.13Office Supplies06/15/22 - OFFICE SUPPLIES208180STAPLES ADVANTAGE 101-3005-60400 995.32Lot Cleaning/Gravel Program06/06/22 - GRAVEL FOR GRAVEL PROGR…208179SOUTHWEST BOULDER & STO…101-6004-60120 81.00Recruiting/Pre-Employment05/2022 - PRE-EMPLOYMENT FINGERPRIN…208143DEPARTMENT OF JUSTICE 101-1004-60129 1,355.40Temporary Agency Services05/27/22 - TEMP AGENCY SERVICES G.HU208175ROBERT HALF 101-6002-60125 1,084.32Temporary Agency Services06/03/22 - TEMP AGENCY SERVICES G.HU208175ROBERT HALF 101-6002-60125 1,355.40Temporary Agency Services06/10/22 - TEMP AGENCY SERVICES G.HU208175ROBERT HALF 101-6002-60125 358.38Temporary Agency Services06/10/22 - TEMP AGENCY SERVICES T.SU…208175ROBERT HALF 101-6006-60125 4,975.00Prepaid ExpenseFY22/23 TRAVEL GUIDE TO CA PRINT ADS …208151GLOBELITE TRAVEL MARKETIN…101-0000-13600 2,360.00Materials/Supplies6/8/22 - TENNIS/PICKLEBALL NETS INSTALL…208140COURTMASTER SPORTS, INC.101-3005-60431 12,742.87Janitorial05/2022 - JANITORIAL SERVICES208163MERCHANTS BUILDING MAINT…101-3008-60115 37.73Materials/Supplies10/20-11/20/21 - CYLINDER RENTAL208161LINDE GAS & EQUIPMENT INC.101-3008-60431 2,539.53Maintenance/Services6/13/22 LED CONCRETE LIGHTS INSTALL A…208191VINTAGE E & S INC 101-3005-60691 330.16Maintenance/Services06/14/22 - REPAIRED LIGHT BOLLARD AT …208191VINTAGE E & S INC 101-3005-60691 36.61Postage06/02/22 - OVERNIGHT MAIL208147FEDEX 101-1007-60470 150.00Maintenance/Services06/16/22 - FS#32 GATE SVC CALL208171PATTON DOOR & GATE 101-2002-60691 1,304.54Landscape Contract06/2022 - L&L MONTHLY MAINTENANCE208172PWLC II, INC 101-2002-60112 231 Demand Register Packet: APPKT03167 - 06/24/2022 JB 6/27/2022 2:56:34 PM Page 2 of 5 AmountVendor Name Payment Number Description (Item)Account Name Account Number 2,800.00Professional ServicesFY20/21 STATE CONTROLLER REPORT208146EIDE BAILLY LLP 101-1006-60103 6,750.00AuditorsFY 20/21 FINANCIAL AUDITING SERVICES208146EIDE BAILLY LLP 101-1006-60106 23.97Administrative Citation Services01/01/21-12/31/21 - FTB OFFSETS208181STATE CONTROLLER'S OFFICE 101-6004-60111 812.00Prepaid Expense6/1/22-5/31/23 FB POOL HEALTH PERMIT …208138COUNTY OF RIVERSIDE DEPT O…101-0000-13600 125.00HVAC06/01/22 - CH WATER TREATMENT208168PACIFIC WEST AIR CONDITION…101-3008-60667 156.00Due to SunLine05/2022 - SUNLINE BUS PASSES208183SUNLINE TRANSIT AGENCY 101-0000-20305 -6.50Miscellaneous Revenue05/2022 - SUNLINE BUS PASSES208183SUNLINE TRANSIT AGENCY 101-0000-42301 18,783.00MSHCP Mitigation Fee05/2022 - MSCHP FEES208134COACHELLA VALLEY CONSERV…101-0000-20310 -187.83CVMSHCP Admin Fee05/2022 - MSCHP FEES208134COACHELLA VALLEY CONSERV…101-0000-43631 30.00Recruiting/Pre-Employment05/2022 - PRE-EMPLOYMENT FINGERPRIN…208126111 NOTARY SERVICES 101-1004-60129 4,000.00Postage05/27/22 - CITYWIDE POSTAGE MACHINE …208173QUADIENT FINANCE USA, INC.101-1007-60470 1,732.00LQ Park Water Feature06/2022 - LQ PARK SPLASH PAD MONTHLY…208165OCEAN SPRINGS TECH INC 101-3005-60554 579.82Fritz Burns Pool Maintenance6/15/22 - FB POOL KOOL GRIP HANDRAIL …208165OCEAN SPRINGS TECH INC 101-3005-60184 328.38Operating Supplies05/2022 - RADIO MAINTENANCE208139COUNTY OF RIVERSIDE PUBLIC…101-2001-60420 375.00Administrative Citation Services04/2022 - RCDAS HEARINGS208142DATA TICKET, INC.101-6004-60111 6,798.75Developer Deposits05/2022 - THE WAVE PROJECT PLANNING208184TERRA NOVA PLANNING & RE…101-0000-22810 Fund 101 - GENERAL FUND Total:152,198.30 Fund: 201 - GAS TAX FUND 458.94Safety Gear06/15/22 - SAFETY GEAR T-SHIRTS (27)208182SUMMIT SAFETY LLC 201-7003-60427 4,550.35Materials/Supplies05/25/22 - STREET SIGN POLES & HARDW…208193ZUMAR INDUSTRIES INC 201-7003-60431 375.32Traffic Control Signs06/03/22 - STREET SIGNS208193ZUMAR INDUSTRIES INC 201-7003-60429 214.59Traffic Control Signs06/06/22 - STREET SIGN208193ZUMAR INDUSTRIES INC 201-7003-60429 Fund 201 - GAS TAX FUND Total:5,599.20 Fund: 202 - LIBRARY & MUSEUM FUND 432.81Prepaid Expense07/01/22-07/01/23 - MPLC LICENSE FOR …208164MOTION PICTURE LICENSING …202-0000-13600 2,710.66Janitorial05/2022 - JANITORIAL SERVICES208163MERCHANTS BUILDING MAINT…202-3004-60115 727.08Janitorial05/2022 - JANITORIAL SERVICES208163MERCHANTS BUILDING MAINT…202-3006-60115 125.00HVAC06/01/22 - LIBRARY WATER TREATMENT208168PACIFIC WEST AIR CONDITION…202-3004-60667 Fund 202 - LIBRARY & MUSEUM FUND Total:3,995.55 Fund: 215 - LIGHTING & LANDSCAPING FUND 5,278.00SilverRock Way Landscape01/2022 - SRR PERIMETER LS MAINT208158LANDMARK GOLF MANAGEM…215-7004-60143 5,528.00SilverRock Way Landscape03/2022 - SRR PERIMETER LS MAINT208158LANDMARK GOLF MANAGEM…215-7004-60143 960.54Materials/Supplies06/09/22 - LANDSCAPE DG208186TRI-STATE MATERIALS INC 215-7004-60431 5,278.00SilverRock Way Landscape11/2021 - SRR PERIMETER LS MAINT208158LANDMARK GOLF MANAGEM…215-7004-60143 5,278.00SilverRock Way Landscape12/2021 - SRR PERIMETER LS MAINT208158LANDMARK GOLF MANAGEM…215-7004-60143 159.86Supplies-Graffiti and Vandalism06/15/22 - PAINT FOR GRAFFITI REMOVAL208185THE SHERWIN-WILLIAMS CO.215-7004-60423 5,667.17Consultants06/2022 - LIGHTING MAINTENANCE SERVI…208141CREATIVE LIGHTING & ELECTR…215-7004-60104 77.97Operating Supplies06/15/22 - POWDERED SPORTS DRINK PA…208180STAPLES ADVANTAGE 215-7004-60420 4,967.32Materials/Supplies06/02/22 - IRRIGATION CONTROLLERS & …208154HIGH TECH IRRIGATION INC 215-7004-60431 2,280.47Materials/Supplies06/09/22 - IRRIGATION SUPPLIES208154HIGH TECH IRRIGATION INC 215-7004-60431 2,905.39Maintenance/Services06/08/22 - LED LIGHTING INSTALL AT AVE …208191VINTAGE E & S INC 215-7004-60691 352.26Maintenance/Services6/13/22 - REPLACED IRRIGATION DUPLEX …208191VINTAGE E & S INC 215-7004-60691 54,741.84Landscape Contract06/2022 - L&L MONTHLY MAINTENANCE208172PWLC II, INC 215-7004-60112 120.64Electric - Utilities06/07-07/06/22 - PHONE SVC208149FRONTIER COMMUNICATIONS…215-7004-61116 42.32Electric - Utilities06/10-07/09/22 - PHONE SVC208149FRONTIER COMMUNICATIONS…215-7004-61116 Fund 215 - LIGHTING & LANDSCAPING FUND Total:93,637.78 Fund: 224 - TUMF FUND 68,750.00TUMF Payable to CVAG05/2022 - TUMF FEES208133COACHELLA VALLEY ASSOC OF…224-0000-20320 Fund 224 - TUMF FUND Total:68,750.00 Fund: 241 - HOUSING AUTHORITY 5,000.00AuditorsFY 20/21 HOUSING AUTHORITY AUDIT FIN…208146EIDE BAILLY LLP 241-9101-60106 Fund 241 - HOUSING AUTHORITY Total:5,000.00 Fund: 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,100.00Contract Services FeesFY20/21 STATE CONTROLLERS REPORT208146EIDE BAILLY LLP 310-0000-60181 Fund 310 - LQ FINANCE AUTHORITY DEBT SERVICE Total:1,100.00 Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS 306.00Construction06/20/22 - INSIGNIA APPLICATION FEE DT…208152HCD 401-0000-60188 934,002.00Construction06/23/22 - 2014-13 SRR CANAL CROSSING…208135COACHELLA VALLEY WATER DI…401-0000-60188 232 Demand Register Packet: APPKT03167 - 06/24/2022 JB 6/27/2022 2:56:34 PM Page 3 of 5 AmountVendor Name Payment Number Description (Item)Account Name Account Number 742.76Construction06/10/22 - SIGNS FOR JEFFERSON ROUND…208193ZUMAR INDUSTRIES INC 401-0000-60188 1,127.67Construction06/10/22 - CROSSWALK SIGNS AT LA PAL…208193ZUMAR INDUSTRIES INC 401-0000-60188 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total:936,178.43 Fund: 501 - FACILITY & FLEET REPLACEMENT 27,788.35Vehicles, Purchased2022 CHEVROLET EQUINOX LT/RS FWD VI…208132CHEVROLET CADILLAC 501-0000-71031 27,788.35Vehicles, Purchased2022 CHEVROLET EQUINOX LT/RS FWD VI…208132CHEVROLET CADILLAC 501-0000-71031 360.00Vehicle Repair & Maintenance05/03/22 - REPLACEMENT WINDSHEILD F…208176SEBMIA AUTO GLASS 501-0000-60676 797.13Vehicle Repair & Maintenance05/17/22 - BACKHOE REPAIRS (TIRES)208170PARKHOUSE TIRE INC 501-0000-60676 12.00Vehicle Repair & Maintenance05/2022 - CAR WASH SERVICE208155HWY 111 LA QUINTA CAR WA…501-0000-60676 1,616.25Parts, Accessories, and Upfits06/01/22 - BED LINERS FOR TRUCKS VINS …208145DURABLE COATING, INC.501-0000-60675 Fund 501 - FACILITY & FLEET REPLACEMENT Total:58,362.08 Fund: 502 - INFORMATION TECHNOLOGY 185.00Software Implementation/Enh…4/18/22 & 4/22/22 - SOFTWARE SERVICES208188TYLER TECHNOLOGIES 502-0000-71049 2,079.00Cable/Internet - Utilities06/10-07/09/22 - CH INTERNET (2546)208131CHARTER COMMUNICATIONS …502-0000-61400 1,200.00Consultants05/2022 - CC VIDEO STREAMING208148FISHER INTEGRATED INC 502-0000-60104 1,100.00Consultants05/2022 - MONTHLY FEE208148FISHER INTEGRATED INC 502-0000-60104 4,465.28Machinery & Equipment06/17/22 - CHAMBER AV EQUIPMENT UP…208187TRITON TECHNOLOGY SOLUTI…502-0000-80100 66.17Cable/Internet - Utilities05/02-06/01/22 - BACKUP SERVER (2183)208190VERIZON WIRELESS 502-0000-61400 919.67Cable/Internet - Utilities05/12-06/11/22 - DUNE PALMS INTERNET208149FRONTIER COMMUNICATIONS…502-0000-61400 Fund 502 - INFORMATION TECHNOLOGY Total:10,015.12 Fund: 504 - INSURANCE FUND 334.94Operating Supplies05/25/22 - SIT-STAND DESK TOP208180STAPLES ADVANTAGE 504-1010-60420 Fund 504 - INSURANCE FUND Total:334.94 Fund: 601 - SILVERROCK RESORT 809.42Bank Fees06/2022 - SRR ARMORED SVCS208150GARDAWORLD 601-0000-60455 29.12Bank Fees05/2022 - SRR ARMORED SVCS EXCESS TI…208150GARDAWORLD 601-0000-60455 206.13Repair & Maintenance06/14/22 - SRR HVAC REPAIRS208157JOHNSTONE SUPPLY 601-0000-60660 Fund 601 - SILVERROCK RESORT Total:1,044.67 Grand Total:1,336,216.07 233 Demand Register Packet: APPKT03167 - 06/24/2022 JB 6/27/2022 2:56:34 PM Page 4 of 5 Fund Summary Fund Expense Amount 101 - GENERAL FUND 152,198.30 201 - GAS TAX FUND 5,599.20 202 - LIBRARY & MUSEUM FUND 3,995.55 215 - LIGHTING & LANDSCAPING FUND 93,637.78 224 - TUMF FUND 68,750.00 241 - HOUSING AUTHORITY 5,000.00 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,100.00 401 - CAPITAL IMPROVEMENT PROGRAMS 936,178.43 501 - FACILITY & FLEET REPLACEMENT 58,362.08 502 - INFORMATION TECHNOLOGY 10,015.12 504 - INSURANCE FUND 334.94 601 - SILVERROCK RESORT 1,044.67 Grand Total:1,336,216.07 Account Summary Account Number Account Name Expense Amount 101-0000-13600 Prepaid Expense 5,787.00 101-0000-20305 Due to SunLine 156.00 101-0000-20310 MSHCP Mitigation Fee 18,783.00 101-0000-22810 Developer Deposits 6,798.75 101-0000-42301 Miscellaneous Revenue -6.50 101-0000-43631 CVMSHCP Admin Fee -187.83 101-1001-60320 Travel & Training 100.00 101-1002-60320 Travel & Training 240.00 101-1004-50252 Annual Wellness Dollar Re…400.00 101-1004-60104 Consultants/Employee Se…86.96 101-1004-60129 Recruiting/Pre-Employme…648.45 101-1006-60102 Administration 2,038.47 101-1006-60103 Professional Services 3,115.45 101-1006-60106 Auditors 6,750.00 101-1006-60400 Office Supplies 55.72 101-1007-60402 Forms, Copier Paper 125.28 101-1007-60470 Postage 4,036.61 101-2001-60168 School Officer 6,323.07 101-2001-60175 Special Enforcement Funds 581.81 101-2001-60420 Operating Supplies 328.38 101-2001-71031 Vehicles 37,010.00 101-2002-60112 Landscape Contract 1,304.54 101-2002-60691 Maintenance/Services 150.00 101-3002-60107 Instructors 870.80 101-3003-60149 Community Experiences 8,117.00 101-3005-60184 Fritz Burns Pool Maintena…579.82 101-3005-60400 Office Supplies 228.84 101-3005-60431 Materials/Supplies 4,325.94 101-3005-60554 LQ Park Water Feature 1,732.00 101-3005-60691 Maintenance/Services 3,184.69 101-3008-60115 Janitorial 12,742.87 101-3008-60431 Materials/Supplies 94.89 101-3008-60667 HVAC 125.00 101-6002-60125 Temporary Agency Servic…3,795.12 101-6004-60103 Professional Services 661.55 101-6004-60111 Administrative Citation Se…2,198.61 101-6004-60120 Lot Cleaning/Gravel Progr…837.63 101-6004-60320 Travel & Training 360.00 101-6006-60125 Temporary Agency Servic…358.38 101-7003-60103 Professional Services 1,257.50 101-7006-60144 Contract Traffic Engineer 16,102.50 201-7003-60427 Safety Gear 458.94 201-7003-60429 Traffic Control Signs 589.91 234 Demand Register Packet: APPKT03167 - 06/24/2022 JB 6/27/2022 2:56:34 PM Page 5 of 5 Account Summary Account Number Account Name Expense Amount 201-7003-60431 Materials/Supplies 4,550.35 202-0000-13600 Prepaid Expense 432.81 202-3004-60115 Janitorial 2,710.66 202-3004-60667 HVAC 125.00 202-3006-60115 Janitorial 727.08 215-7004-60104 Consultants 5,667.17 215-7004-60112 Landscape Contract 54,741.84 215-7004-60143 SilverRock Way Landscape 21,362.00 215-7004-60420 Operating Supplies 77.97 215-7004-60423 Supplies-Graffiti and Van…159.86 215-7004-60431 Materials/Supplies 8,208.33 215-7004-60691 Maintenance/Services 3,257.65 215-7004-61116 Electric - Utilities 162.96 224-0000-20320 TUMF Payable to CVAG 68,750.00 241-9101-60106 Auditors 5,000.00 310-0000-60181 Contract Services Fees 1,100.00 401-0000-60188 Construction 936,178.43 501-0000-60675 Parts, Accessories, and Up…1,616.25 501-0000-60676 Vehicle Repair & Mainte…1,169.13 501-0000-71031 Vehicles, Purchased 55,576.70 502-0000-60104 Consultants 2,300.00 502-0000-61400 Cable/Internet - Utilities 3,064.84 502-0000-71049 Software Implementation…185.00 502-0000-80100 Machinery & Equipment 4,465.28 504-1010-60420 Operating Supplies 334.94 601-0000-60455 Bank Fees 838.54 601-0000-60660 Repair & Maintenance 206.13 Grand Total:1,336,216.07 Project Account Summary Project Account Key Expense AmountProject Account Name Project Name **None**381,554.95**None****None** 141513CT 934,002.00Construction Expense SilverRock Way Infra/Street Improvements 151609CT 306.00Construction Expense La Quinta X Park 201804E 2,905.39Landscape & Lighting Median Island …Landscape & Lighting Median Island Improvements 21-003E 6,798.75THE WAVE EXP CM WAVE DEVELOPMENT 2122TMICT 1,870.43Construction Expense FY21/22 Traffic Maintenance Improvements CONCERTE 8,117.00Concert Expense Master Account for all SRR Concert Series STVRE 661.55Short Term Vacation Rental Expense Short Term Vacation Rental Tracking Grand Total:1,336,216.07 235 236 City of La Quinta Bank Transactions 6/13 – 6/24/2022 Wire Transaction Listed below are the wire transfers from 6/13 – 6/24/2022. Wire Transfers: 06/15/2022 - WIRE TRANSFER - STERLING HEALTH 1,822.90$ 06/21/2022 - WIRE TRANSFER - LANDMARK 172,408.54$ 06/24/2022 - WIRE TRANSFER - LQCEA 432.00$ 06/24/2022 - WIRE TRANSFER - ICMA 4,948.94$ TOTAL WIRE TRANSFERS OUT $179,612.38 ATTACHMENT 2 237 238 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPROVE DEMAND REGISTERS DATED JULY 1 AND 8, 2022 RECOMMENDATION Approve demand registers dated July 1 and 8, 2022. EXECUTIVE SUMMARY – None FISCAL IMPACT Demand of Cash: City 3,352,678.72$ Successor Agency of RDA 1,600.00$ Housing Authority 212,978.30$ 3,567,257.02$ BACKGROUND/ANALYSIS Routine bills and payroll must be paid between Council meetings. Attachment 1 details the weekly demand registers for July 1 & 8, 2022. Warrants Issued: 208194-208259 306,886.16$ 208260-208311 2,525,041.63$ EFT #121-122 307.69$ Wire Transfers 474,738.75$ Payroll Tax Transfers 46,404.32$ Payroll Direct Deposit 213,878.47$ 3,567,257.02$ CONSENT CALENDAR ITEM NO. 21 239 The most significant expenditures on the demand registers are: Vendor Account Name(s)Amount Purpose Riverside County Sheriff Department Various 1,167,531.64$ April Police Service California Joint Powers Insurance Various 763,969.00$ FY 22/23 Insurance Premiums Coachella Valley Rescue Mission Homeless Assistance 100,000.00$ FY 22/23 Homeless Prevention & Assistance Funding Martha's Village Kitchen Homeless Assistance 100,000.00$ FY 22/23 Homeless Prevention & Assistance Funding Universal Construction and Engineering Construction 90,898.49$ Citywide Misc ADA Improvements Wire Transfers: Twelve transfers totaled $474,739. Of this amount, $201,585 was to CalPERS, and $199,915 was to Landmark. (See Attachment 2 for a complete listing). Investment Transactions: Full details of investment transactions as well as total holdings are reported quarterly in the Treasurer’s Report. Prepared by: Jesse Batres, Account Technician Approved by: Claudia Martinez, Finance Director Attachments: 1. Demand Registers 2. Wire Transfers Transaction Issuer Type Par Value Settle Date Coupon Rate Purchase Federal Home Loan Bank Agency 300,000$ 6/28/22 3.300% Purchase United States Government Treasury 2,000,000$ 6/28/22 2.125% Purchase United States Government Treasury 3,000,000$ 6/28/22 2.000% Maturity America's Credit Union CD 248,000$ 6/28/22 2.300% Purchase United States Government Treasury 2,000,000$ 6/29/22 0.125% Purchase United States Government Treasury 2,000,000$ 6/29/22 2.000% Purchase United States Government Treasury 1,000,000$ 6/30/22 2.000% Purchase United States Government Treasury 2,000,000$ 6/30/22 2.000% Purchase United States Government Treasury 2,000,000$ 6/30/22 2.125% 240 7/11/2022 4:14:00 PM Page 1 of 5 Demand Register City of La Quinta Packet: APPKT03172 - 07/01/2022 JB AmountVendor Name Payment Number Description (Item)Account Name Account Number Fund: 101 - GENERAL FUND 37.00United Way DeductionsCONTRIBUTION208250UNITED WAY OF THE DESERT 101-0000-20981 41.72Cable/Internet - Utilities06/16-07/15/22 - FS #70 CABLE (1860)208203CHARTER COMMUNICATIONS …101-2002-61400 -95.80Sales Taxes Payable06/17/22 - UNIFORMS SALE TAXES208240SERVICEWEAR APPAREL 101-0000-20304 -95.71Sales Taxes Payable06/20/22 - UNIFORMS SALES TAXES208240SERVICEWEAR APPAREL 101-0000-20304 46.57Uniforms04/18/22 - CODE OFFICER UNIFORMS BEL…208218GALLS LLC 101-6004-60690 91.30Uniforms04/19/22 - TACTICAL FLASHLIGHT208218GALLS LLC 101-6004-60690 9.42Uniforms04/19/22 - BALLISTIC NYLON BELT K.MER…208218GALLS LLC 101-6004-60690 335.38Uniforms04/20/22 - CODE OFFICER UNIFORMS208218GALLS LLC 101-6004-60690 150.61Uniforms04/20/22 - CODE OFFICER UNIFORMS G.D…208218GALLS LLC 101-6004-60690 131.68Uniforms04/20/22 - CODE OFFICER UNIFORMS208218GALLS LLC 101-6004-60690 131.54Uniforms04/22/22 - TRAILGRIP TACTICAL A.MORE…208218GALLS LLC 101-6004-60690 57.70Uniforms04/25/22 - CODE OFFICER UNIFORMS208218GALLS LLC 101-6004-60690 124.62Uniforms04/25/22 - CODE OFFICER UNIFORMS B.R…208218GALLS LLC 101-6004-60690 288.57Uniforms04/27/22 - CODE OFFICER UNIFORMS P.VI…208218GALLS LLC 101-6004-60690 273.94Uniforms04/27/22 - TACTICAL FLASHLIGHTS (3)208218GALLS LLC 101-6004-60690 352.82Uniforms04/29/22 - CODE OFFICER UNIFORMS G.D…208218GALLS LLC 101-6004-60690 546.88Uniforms05/02/22 - CODE OFFICER UNIFORMS208218GALLS LLC 101-6004-60690 65.86Uniforms05/06/22 - CODE OFFICER UNIFORM208218GALLS LLC 101-6004-60690 129.96Uniforms05/06/22 - CODE OFFICER UNIFORMS208218GALLS LLC 101-6004-60690 -56.26Uniforms05/27/22 - RETURN CODE UNIFORMS B.R…208218GALLS LLC 101-6004-60690 94.41Cable/Internet - Utilities06/16-07/15/22 - FS #32 CABLE (8152)208203CHARTER COMMUNICATIONS …101-2002-61400 200.00Annual Wellness Dollar Reimb…6/07/22 - ANNUAL WELLNESS DOLLARS RE…208228MIGNOGNA, JULIE 101-1004-50252 200.00Annual Wellness Dollar Reimb…06/14/22 - ANNUAL WELLNESS DOLLARS …208196AYON, UBALDO 101-1004-50252 200.00Annual Wellness Dollar Reimb…6/20/22 - ANNUAL WELLNESS DOLLARS RE…208198BLONDELL, KRYSTENA 101-1004-50252 1,000.00STVR Registration Fee06/21/22 - PERMIT FEES REFUND # 066276208252VACASA 101-0000-41415 3,500.00Marketing & Tourism Promoti…3/2022-6/2022 ECONOMIC IMPACT PROD…208199BOX OF KITTENS 101-3007-60461 500.00Grants & Economic Developm…FY 2021/22 COMMUNITY SERVICES GRAN…208212DESERT RECREATION FOUNDA…101-3001-60510 5,000.00Grants & Economic Developm…FY 2021/22 COMMUNITY SERVICES GRANT…208207COACHELLA VALLEY YOUTH G…101-3001-60510 500.00Grants & Economic Developm…FY 2021/22 COMMUNITY SERVICE GRANT …208195ANGEL VIEW, INC.101-3001-60510 5,000.00Grants & Economic Developm…FY 2021/22 COMMUNITY SERVICES GRANT…208253VARIETY-THE CHILDRENS CHAR…101-3001-60510 31.01Travel & Training05/27/22 - SUBPOENA FOR APPEARANCE …208233ORTEGA, ANTHONY 101-6003-60320 25.00Administrative Citation Services06/27/22 - CITATION OVERPAYMENT REF…208224JAMES FRANK OR ERIKA FRANK 101-6004-60111 34,453.10PM 10 - Dust ControlFY 21/22 CANAL WATER SERVICE208206COACHELLA VALLEY WATER DI…101-7006-60146 2,200.00Marketing & Tourism Promoti…06/15-07/12/22 - AIRPORT DIGITAL DISPL…208245THE LAMAR COMPANIES 101-3007-60461 3,684.38Materials/Supplies06/20/22 - ANGEL MIX FOR BASEBALL FIE…208208CORONA CLAY COMPANY 101-3005-60431 3,684.38Materials/Supplies06/23/22 - ANGEL MIX FOR BASEBALL FIE…208208CORONA CLAY COMPANY 101-3005-60431 3,684.38Materials/Supplies06/27/22 - ANGEL MIX FOR BASEBALL FIE…208208CORONA CLAY COMPANY 101-3005-60431 217.49Safety Gear05/18/22 - SAFETY BOOTS J.VIZCARRA208225JERNIGAN'S, INC 101-3008-60427 75.00Wellness Center Memberships06/17/22 - WC MEMBERSHIP REFUND R.D…208213DIETRICH, ROBERT 101-0000-42218 14.95Office Supplies04/15/22 - DESK NAME PLATE C.CRUZ208227MCDOWELL AWARDS 101-7001-60400 1,025.00Professional Services06/06/22 - EMERGENCY STREET SWEEPING208235QUALITY STREET SERVICE 101-7003-60103 1,180.00Professional Services06/07/22 - EMERGENCY STREET SWEEPING208235QUALITY STREET SERVICE 101-7003-60103 870.00Professional Services06/14/22 - EMERGENCY STREET SWEEPING208235QUALITY STREET SERVICE 101-7003-60103 48,536.32Landscape Contract06/2022 - MONTHLY MAINTENANCE208256VINTAGE ASSOCIATES 101-3005-60112 -90.20Tools/Equipment06/21/22 - CREDIT MEMO REVERSAL OF I…208230MOWERS PLUS INC 101-7003-60432 139.02Tools/Equipment05/20/22 - MATERIALS FOR EQUIPMENT208230MOWERS PLUS INC 101-7003-60432 149.00Travel & Training07/11-7/15/22 - GFOA VIRTUAL FORUM V…208219GOVERNMENT FINANCE OFFIC…101-1006-60320 4,677.13Fritz Burns Pool Programming05/2022 - FB POOL OPERATIONS & PROG…208211DESERT RECREATION DISTRICT 101-3003-60184 28.26Office Supplies06/08/22 - SPEED FLOOR FAN208243STAPLES ADVANTAGE 101-6001-60400 56.82Office Supplies06/21/22 - OFFICE SUPPLIES FOR A.MORE…208243STAPLES ADVANTAGE 101-1002-60400 4,360.93Consultants04/2022 - WHITEWATER RIVER CHANNEL …208197BENGAL ENGINEERING INC 101-7006-60104 251.90Operating Supplies6/7/22 - ELECTROLYTE REPLENISHMENT P…208257WHITE CAP CONSTRUCTION S…101-7003-60420 90.00Membership DuesFY 22/23 MEMBERSHIP RENEWAL D.KINLEY208229MMASC 101-1002-60351 ATTACHMENT 1 241 Demand Register Packet: APPKT03172 - 07/01/2022 JB 7/11/2022 4:14:00 PM Page 2 of 5 AmountVendor Name Payment Number Description (Item)Account Name Account Number 441.97Special Enforcement Funds05/26/22 - LQPD SPEED GUN REPAIR208226KUSTOM SIGNALS INC 101-2001-60175 1,501.21Materials/Supplies06/06/22 - CARPET TILE FOR CHAMBER208246THE WORKS FLOOR & WALL 101-3008-60431 488.70Temporary Agency Services06/17/22 - TEMP AGENCY SERVICES T.SU…208237ROBERT HALF 101-6006-60125 50.00Sheriff - Other06/14/22 - POLICE TOW LA221560012208204CLASSIC AUTO TRANSPORT 101-2001-60176 1,150.24Citywide Supplies04/21/22 - COFFEE SUPPLIES FOR LOBBY …208209DAIOHS FIRST CHOICE SERVICES 101-1007-60403 796.13Citywide Supplies06/09/22 - COFFEE SUPPLIES FOR LOBBY …208209DAIOHS FIRST CHOICE SERVICES 101-1007-60403 49.11Postage06/10/22 - OVERNIGHT MAIL208215FEDEX 101-1007-60470 1,433.52Mobile/Cell Phones/Satellites05/14-06/13/22 - EOC CELL (7813)208255VERIZON WIRELESS 101-2002-61304 246.00HVAC05/17/22 - CH HVAC CONTACTOR REPLAC…208216FIRST CHOICE A/C & HEATING …101-3008-60667 24,751.26Animal Shelter Contract Service05/2022 - ANIMAL SERVICES208210DEPARTMENT OF ANIMAL SER…101-6004-60197 1,485.96Vision Insurance Pay04/2022 - VISION INSURANCE208242STANDARD INSURANCE COMP…101-0000-20945 3,000.00Homeless Bus PassesFY 2021/22 HOMELESS BUS PASS PROGR…208205COACHELLA VALLEY ASSOC OF…101-3001-60531 960.00Operating Supplies07/10/22-07/09/23 - HUMANITY SUBSCRI…208223HUMANITY 101-3002-60420 1,495.28Vision Insurance Pay06/2022 - VISION INSURANCE208242STANDARD INSURANCE COMP…101-0000-20945 1,079.26Vision Insurance Pay05/2022 - VISION INSURANCE208242STANDARD INSURANCE COMP…101-0000-20945 1,200.00Sexual Assault Exam Fees05/16/22 - SEXUAL ASSAULT EXAMS LA22…208214EISENHOWER MEDICAL CENTER 101-2001-60193 150.00Membership Dues09/2022-08/2023 - MEMBERSHIP R.ALVA…208200CALIFORNIA PARK & RECREAT…101-3005-60351 145.00Membership Dues09/2022-08/2023 - MEMBERSHIP B.TELLEZ208200CALIFORNIA PARK & RECREAT…101-3005-60351 77.58LQ Police Volunteers05/16/22 - DISINFECTING WIPES (18)208221HOME DEPOT CREDIT SERVICES 101-2001-60109 432.83Fire Station04/28/22 - FS #70 TOOL CHEST208221HOME DEPOT CREDIT SERVICES 101-2002-60670 28.89Fire Station05/02/22 - TRAILER MOUNT KIT208221HOME DEPOT CREDIT SERVICES 101-2002-60670 130.59Supplies-Graffiti and Vandalism05/09/22 - PAINT & SUPPLIES FOR GRAFFI…208221HOME DEPOT CREDIT SERVICES 101-3005-60423 131.38Materials/Supplies05/09/22 - DECK SPRAYER & TRASHBAGS208221HOME DEPOT CREDIT SERVICES 101-3005-60431 63.15Materials/Supplies05/10/22 - FOLDING KNIFE & TOWELS208221HOME DEPOT CREDIT SERVICES 101-3005-60431 100.53Tools/Equipment05/12/22 - PRESSURE WASHER GUN & HO…208221HOME DEPOT CREDIT SERVICES 101-3005-60432 73.55Materials/Supplies05/12/22 - NITRILEL GLOVES & GOOF OFF…208221HOME DEPOT CREDIT SERVICES 101-3008-60431 7.59Materials/Supplies05/25/22 - STEEL ROUND ROD FOR PARK208221HOME DEPOT CREDIT SERVICES 101-3008-60431 26.00Materials/Supplies05/23/22 - PAINT & ADHESIVE REMOVER …208221HOME DEPOT CREDIT SERVICES 101-3008-60431 45.59Materials/Supplies05/16/22 - TOILET FILL VALVE & DRAIN W…208221HOME DEPOT CREDIT SERVICES 101-3008-60431 48.90Tools/Equipment05/26/22 - ELECTRICIAN TOOL BAG208221HOME DEPOT CREDIT SERVICES 101-3008-60432 73.75Operating Supplies05/20/22 - SAW BLADES & GLOVES208221HOME DEPOT CREDIT SERVICES 101-7003-60420 22.77Operating Supplies05/20/22 - ALL PURPOSE GLOVES208221HOME DEPOT CREDIT SERVICES 101-7003-60420 200.00Election Deposit6/24/22- POLITICAL SIGN DEPOSIT REFUN…208231NEIGHBORS FOR NEIGHBORH…101-0000-22835 173.01Mobile/Cell Phones/Satellites06/23-07/22/22 - EOC SATELLITE PHONES208236ROADPOST USA INC.101-2002-61304 7,020.00Developer Deposits05/2022 - TRAVERTINE PROJECT PLANNIN…208244TERRA NOVA PLANNING & RE…101-0000-22810 Fund 101 - GENERAL FUND Total:177,185.83 Fund: 201 - GAS TAX FUND 1,190.60Uniforms06/17/22 - UNIFORMS208240SERVICEWEAR APPAREL 201-7003-60690 1,189.55Uniforms06/20/22 - UNIFORMS (44)208240SERVICEWEAR APPAREL 201-7003-60690 317.77Traffic Control Signs06/21/22 - TRAFFIC CONTROL SIGNS208247TOPS' N BARRICADES INC 201-7003-60429 9.72Materials/Supplies05/10/22 - EXPANSION JOINTS (2) FOR CO…208221HOME DEPOT CREDIT SERVICES 201-7003-60431 93.70Paint/Legends05/23/22 - PAINT SUPPLIES208221HOME DEPOT CREDIT SERVICES 201-7003-60433 24.93Paint/Legends05/10/22 - SPRAY PAINT (4)208221HOME DEPOT CREDIT SERVICES 201-7003-60433 Fund 201 - GAS TAX FUND Total:2,826.27 Fund: 202 - LIBRARY & MUSEUM FUND 812.59Landscape Contract06/2022 - MONTHLY MAINTENANCE208256VINTAGE ASSOCIATES 202-3004-60112 169.58Landscape Contract06/2022 - MONTHLY MAINTENANCE208256VINTAGE ASSOCIATES 202-3006-60112 125.70Telephone - Utilities06/13-07/12/22 - MUSEUM PHONE208217FRONTIER COMMUNICATIONS…202-3006-61300 200.08Maintenance/Services05/24/22 - GARBAGE DISPOSAL FOR LIBR…208221HOME DEPOT CREDIT SERVICES 202-3004-60691 308.84Maintenance/Services05/20/22 - WATER COOLER DISPENSER FO…208221HOME DEPOT CREDIT SERVICES 202-3006-60691 97.78Maintenance/Services05/18/22 - BIRD SPIKES FOR MUSEUM208221HOME DEPOT CREDIT SERVICES 202-3006-60691 Fund 202 - LIBRARY & MUSEUM FUND Total:1,714.57 Fund: 215 - LIGHTING & LANDSCAPING FUND 1,919.76Materials/Supplies06/21/22 - TRANSFORMER & WATERPRO…208238ROTO-LITE, INC 215-7004-60431 1,679.96Materials/Supplies06/21/22 - TREE RING TAXES208238ROTO-LITE, INC 215-7004-60431 17,279.76Materials/Supplies6/21/22 - COLOR CHANGING TREE RING L…208238ROTO-LITE, INC 215-7004-60431 2,400.00Materials/Supplies06/21/22 - INSTALLATION LABOR208238ROTO-LITE, INC 215-7004-60431 925.11Materials/Supplies06/06/22 - LANDSCAPE DG208248TRI-STATE MATERIALS INC 215-7004-60431 10,589.51Landscape Contract06/2022 - MONTHLY MAINTENANCE208256VINTAGE ASSOCIATES 215-7004-60112 242 Demand Register Packet: APPKT03172 - 07/01/2022 JB 7/11/2022 4:14:00 PM Page 3 of 5 AmountVendor Name Payment Number Description (Item)Account Name Account Number 82.63Operating Supplies06/15/22 - COOLING TOWELS (2)208243STAPLES ADVANTAGE 215-7004-60420 26.10Materials/Supplies06/08/22 - LANDSCAPE STAPLES (100)208241SMITH PIPE & SUPPLY CO 215-7004-60431 49.35Supplies-Graffiti and Vandalism05/02/22 - SPRAY PAINT FOR GRAFFITI R…208221HOME DEPOT CREDIT SERVICES 215-7004-60423 147.53Materials/Supplies05/03/22 - MARKING SPRAY PAINT (17)208221HOME DEPOT CREDIT SERVICES 215-7004-60431 Fund 215 - LIGHTING & LANDSCAPING FUND Total:35,099.71 Fund: 221 - AB 939 - CALRECYCLE FUND 1,506.14AB 939 Recycling Solutions06/13/22 - RECYCLE STICKERS208258XPRESS GRAPHICS 221-0000-60127 1,387.56AB 939 Recycling Solutions06/2022 - RADIO ADS 93.7 KCLB208194ALPHA MEDIA LLC 221-0000-60127 1,387.56AB 939 Recycling Solutions06/2022 - RAIDO ADS MIX 100.5208194ALPHA MEDIA LLC 221-0000-60127 434.99AB 939 Recycling Solutions05/12/22 - VITAMIX FOODCYCLER FOR RE…208221HOME DEPOT CREDIT SERVICES 221-0000-60127 695.90AB 939 Recycling Solutions05/12/22 - COMPOST BUCKETS & VITAMIX…208221HOME DEPOT CREDIT SERVICES 221-0000-60127 Fund 221 - AB 939 - CALRECYCLE FUND Total:5,412.15 Fund: 237 - SUCCESSOR AGCY PA 1 ADMIN 1,600.00Consultants04/1/22-03/31/23 - 2021 BOND TRUSTEE …208251US BANK 237-9001-60104 Fund 237 - SUCCESSOR AGCY PA 1 ADMIN Total:1,600.00 Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS 13,267.10Design05/2022 - CULTURAL CAMPUS DESIGN208220HAMMEL, GREEN, AND ABRA…401-0000-60185 8,167.13Construction6/20/22 - LA PALMA CROSSWALK SOLAR …208232NEXTECH SYSTEMS, INC.401-0000-60188 3,498.38Construction05/11/22 - PICNIC TABLES (6) FOR X-PARK208221HOME DEPOT CREDIT SERVICES 401-0000-60188 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total:24,932.61 Fund: 501 - FACILITY & FLEET REPLACEMENT 319.00Vehicle Repair & Maintenance06/22/22 - WINDSHIELD REPLACEMENT F…208239SEBMIA AUTO GLASS 501-0000-60676 49.98Parts, Accessories, and Upfits05/05/22 - RATCHET STRAPS (2)208221HOME DEPOT CREDIT SERVICES 501-0000-60675 39.08Parts, Accessories, and Upfits04/30/22 - RUBBER WHEEL CHOCK208221HOME DEPOT CREDIT SERVICES 501-0000-60675 47.61Parts, Accessories, and Upfits04/28/22 - TRAILER WINCH208221HOME DEPOT CREDIT SERVICES 501-0000-60675 11.90Parts, Accessories, and Upfits05/04/22 - SILICONE ADHESIVE SEALANT (…208221HOME DEPOT CREDIT SERVICES 501-0000-60675 Fund 501 - FACILITY & FLEET REPLACEMENT Total:467.57 Fund: 502 - INFORMATION TECHNOLOGY 8,250.00Prepaid Expense07/01-08/31/22 - PACKAGE 2 SUBSCRIPTI…208259ZARTICO, INC.502-0000-13600 4,125.00Software Licenses06/2022 PACKAGE 2 SUBSCRIPTION 4 OF 4208259ZARTICO, INC.502-0000-60301 154.52Cable/Internet - Utilities05/15-06/14/22 - WC CABLE (8105)208203CHARTER COMMUNICATIONS …502-0000-61400 10.52Cable/Internet - Utilities06/20-07/19/22 - WC CABLE (1909)208203CHARTER COMMUNICATIONS …502-0000-61400 81.70Cable/Internet - Utilities06/12-07/11/2022 - CITY YARD CABLE (40…208203CHARTER COMMUNICATIONS …502-0000-61400 5.00Technology Enhancement Sur…06/21/22 - PERMIT FEES REFUND # 066276208252VACASA 502-0000-43611 20,625.00Prepaid Expense07/2022-05/2023 VENUE ANALYTICS PLAT…208234PLACER LABS, INC.502-0000-13600 1,875.00Software Licenses06/2022 - VENUE ANALYTICS PLATFORM208234PLACER LABS, INC.502-0000-60301 1,147.25D & D, Software Enhancements06/21/22 - DATA BACK-UP FOR LASERFICHE208254VERITAS TECHNOLOGIES LLC 502-0000-71042 8,214.84Machinery & Equipment06/24/22 - CHAMBER AV EQUIPMENT UP…208249TRITON TECHNOLOGY SOLUTI…502-0000-80100 2,688.07Copiers06/2022 CITY PRINTERS & 05/2022 METE …208201CANON FINANCIAL SERVICES, …502-0000-60662 1,153.24Cell/Mobile Phones05/02-06/01/22 - CITY IPADS (5587)208255VERIZON WIRELESS 502-0000-61301 2,753.41Cell/Mobile Phones05/02-06/01/22 - CITY CELL SVC (5496)208255VERIZON WIRELESS 502-0000-61301 1,471.50Software Licenses6/24/22 ADOBE ACROBAT PRO V.ORTEGA,…208202CDW GOVERNMENT INC 502-0000-60301 903.87Cable/Internet - Utilities06/12-07/11/22 - X-PARK INTERNET208217FRONTIER COMMUNICATIONS…502-0000-61400 3,082.91Prepaid Expense7/1/22-4/29/23 DRUVA INSYNC CLOUD E…208202CDW GOVERNMENT INC 502-0000-13600 616.59Software Licenses4/30/22-6/30/22 DRUVA INSYNC CLOUD …208202CDW GOVERNMENT INC 502-0000-60301 321.05Software Licenses6/14/22 - ADOBE INDESIGN M.GRAHAM208202CDW GOVERNMENT INC 502-0000-60301 Fund 502 - INFORMATION TECHNOLOGY Total:57,479.47 Fund: 601 - SILVERROCK RESORT 104.33Repair & Maintenance05/06/22 - DOORLOCKS (2) FOR SRR208221HOME DEPOT CREDIT SERVICES 601-0000-60660 44.81Repair & Maintenance05/05/22 - EVAPORATIVE COOLER PUMP …208221HOME DEPOT CREDIT SERVICES 601-0000-60660 18.84Repair & Maintenance05/26/22 - TOILET BOWL BOLT SET & WAX…208221HOME DEPOT CREDIT SERVICES 601-0000-60660 Fund 601 - SILVERROCK RESORT Total:167.98 Grand Total:306,886.16 243 Demand Register Packet: APPKT03172 - 07/01/2022 JB 7/11/2022 4:14:00 PM Page 4 of 5 Fund Summary Fund Expense Amount 101 - GENERAL FUND 177,185.83 201 - GAS TAX FUND 2,826.27 202 - LIBRARY & MUSEUM FUND 1,714.57 215 - LIGHTING & LANDSCAPING FUND 35,099.71 221 - AB 939 - CALRECYCLE FUND 5,412.15 237 - SUCCESSOR AGCY PA 1 ADMIN 1,600.00 401 - CAPITAL IMPROVEMENT PROGRAMS 24,932.61 501 - FACILITY & FLEET REPLACEMENT 467.57 502 - INFORMATION TECHNOLOGY 57,479.47 601 - SILVERROCK RESORT 167.98 Grand Total:306,886.16 Account Summary Account Number Account Name Expense Amount 101-0000-20304 Sales Taxes Payable -191.51 101-0000-20945 Vision Insurance Pay 4,060.50 101-0000-20981 United Way Deductions 37.00 101-0000-22810 Developer Deposits 7,020.00 101-0000-22835 Election Deposit 200.00 101-0000-41415 STVR Registration Fee 1,000.00 101-0000-42218 Wellness Center Member…75.00 101-1002-60351 Membership Dues 90.00 101-1002-60400 Office Supplies 56.82 101-1004-50252 Annual Wellness Dollar Re…600.00 101-1006-60320 Travel & Training 149.00 101-1007-60403 Citywide Supplies 1,946.37 101-1007-60470 Postage 49.11 101-2001-60109 LQ Police Volunteers 77.58 101-2001-60175 Special Enforcement Funds 441.97 101-2001-60176 Sheriff - Other 50.00 101-2001-60193 Sexual Assault Exam Fees 1,200.00 101-2002-60670 Fire Station 461.72 101-2002-61304 Mobile/Cell Phones/Satell…1,606.53 101-2002-61400 Cable/Internet - Utilities 136.13 101-3001-60510 Grants & Economic Devel…11,000.00 101-3001-60531 Homeless Bus Passes 3,000.00 101-3002-60420 Operating Supplies 960.00 101-3003-60184 Fritz Burns Pool Program…4,677.13 101-3005-60112 Landscape Contract 48,536.32 101-3005-60351 Membership Dues 295.00 101-3005-60423 Supplies-Graffiti and Van…130.59 101-3005-60431 Materials/Supplies 11,247.67 101-3005-60432 Tools/Equipment 100.53 101-3007-60461 Marketing & Tourism Pro…5,700.00 101-3008-60427 Safety Gear 217.49 101-3008-60431 Materials/Supplies 1,653.94 101-3008-60432 Tools/Equipment 48.90 101-3008-60667 HVAC 246.00 101-6001-60400 Office Supplies 28.26 101-6003-60320 Travel & Training 31.01 101-6004-60111 Administrative Citation Se…25.00 101-6004-60197 Animal Shelter Contract S…24,751.26 101-6004-60690 Uniforms 2,680.59 101-6006-60125 Temporary Agency Servic…488.70 101-7001-60400 Office Supplies 14.95 101-7003-60103 Professional Services 3,075.00 101-7003-60420 Operating Supplies 348.42 101-7003-60432 Tools/Equipment 48.82 101-7006-60104 Consultants 4,360.93 244 Demand Register Packet: APPKT03172 - 07/01/2022 JB 7/11/2022 4:14:00 PM Page 5 of 5 Account Summary Account Number Account Name Expense Amount 101-7006-60146 PM 10 - Dust Control 34,453.10 201-7003-60429 Traffic Control Signs 317.77 201-7003-60431 Materials/Supplies 9.72 201-7003-60433 Paint/Legends 118.63 201-7003-60690 Uniforms 2,380.15 202-3004-60112 Landscape Contract 812.59 202-3004-60691 Maintenance/Services 200.08 202-3006-60112 Landscape Contract 169.58 202-3006-60691 Maintenance/Services 406.62 202-3006-61300 Telephone - Utilities 125.70 215-7004-60112 Landscape Contract 10,589.51 215-7004-60420 Operating Supplies 82.63 215-7004-60423 Supplies-Graffiti and Van…49.35 215-7004-60431 Materials/Supplies 24,378.22 221-0000-60127 AB 939 Recycling Solutions 5,412.15 237-9001-60104 Consultants 1,600.00 401-0000-60185 Design 13,267.10 401-0000-60188 Construction 11,665.51 501-0000-60675 Parts, Accessories, and Up…148.57 501-0000-60676 Vehicle Repair & Mainte…319.00 502-0000-13600 Prepaid Expense 31,957.91 502-0000-43611 Technology Enhancement…5.00 502-0000-60301 Software Licenses 8,409.14 502-0000-60662 Copiers 2,688.07 502-0000-61301 Cell/Mobile Phones 3,906.65 502-0000-61400 Cable/Internet - Utilities 1,150.61 502-0000-71042 D & D, Software Enhance…1,147.25 502-0000-80100 Machinery & Equipment 8,214.84 601-0000-60660 Repair & Maintenance 167.98 Grand Total:306,886.16 Project Account Summary Project Account Key Expense AmountProject Account Name Project Name **None**266,593.75**None****None** 18-002E 7,020.00TRAVERTINE CORPORATION EXP TRAVERTINE CORPORATION 201603CT 3,498.38Construction Expense La Quinta Landscape Renovation Improvement 201901D 13,267.10Design Expense Village Art Plaza Promenade & Cultural Campus 201919E 4,360.93Regional Scour Analysis Expense Regional Scour Analysis 2122TMICT 8,167.13Construction Expense FY21/22 Traffic Maintenance Improvements CSA152E 3,075.00CSA 152 Expenses CSA 152 Project Tracking XPARKE 903.87X Park Expenses X Park Grand Total:306,886.16 245 7/11/2022 4:12:09 PM Page 1 of 5 Demand Register City of La Quinta Packet: APPKT03178 - 07/08/2022 JB AmountVendor Name Payment Number Description (Item)Account Name Account Number Fund: 101 - GENERAL FUND 37.00United Way DeductionsCONTRIBUTION208306UNITED WAY OF THE DESERT 101-0000-20981 113.79Cable/Internet - Utilities06/24-07/23/22 - FS #93 (2415)208266CHARTER COMMUNICATIONS …101-2002-61400 130.44Marketing & Tourism Promoti…06/20/22 - POLO SHIRTS208290PALMS TO PINES PRINTING 101-3007-60461 404.67Uniforms06/20/22 - POLO SHIRTS208290PALMS TO PINES PRINTING 101-3008-60690 200.00Annual Wellness Dollar Reimb…6/15/22 - ANNUAL WELLNESS DOLLARS R…208272FERNANDEZ, SIJIFREDO M 101-1004-50252 1,350.00Civic Center Lake Maintenance06/2022 - LAKE MAINTENANCE SERVICES208298SOUTHWEST AQUATICS INC 101-3005-60117 1,350.00SilverRock Lake Maintenance06/2022 - LAKE MAINTENANCE SERVICES208298SOUTHWEST AQUATICS INC 101-3005-60189 1,087.00Civic Center Lake Maintenance06/21/22 - FUSES REPLACEMENT FOR FO…208298SOUTHWEST AQUATICS INC 101-3005-60117 200.00Annual Wellness Dollar Reimb…6/22/22 - ANNUAL WELLNESS DOLLARS RE…208284LAUREANO, SANDRA 101-1004-50252 200.00Annual Wellness Dollar Reimb…06/22/22 - ANNUAL WELLNESS DOLLARS …208263BATRES, JESSE 101-1004-50252 167.53Annual Wellness Dollar Reimb…06/23/22 - ANNUAL WELLNESS DOLLARS …208265CASTRO, DANNY 101-1004-50252 199.00Annual Wellness Dollar Reimb…06/27/22 - ANNUAL WELLNESS DOLLARS …208273FLORES, TANIA 101-1004-50252 200.00Annual Wellness Dollar Reimb…6/27/22 - ANNUAL WELLNESS DOLLARS RE…208288MCMILLEN, JON 101-1004-50252 92.53Annual Wellness Dollar Reimb…06/28/22 - ANNUAL WELLNESS DOLLARS …208277HICKSON, AARON M 101-1004-50252 70.65Annual Wellness Dollar Reimb…06/28/22 - ANNUAL WELLNESS DOLLARS …121HALLICK, ROSEMARY 101-1004-50252 237.04Office Supplies07/01/2022 - OFFICE CHAIR REIMB M.RAD…122RADEVA, MONIKA 101-1005-60400 2,231.25Professional Services04/24-06/12/22 - CLERK'S OFFICE ASSIST…208287MAYSELS, SUSAN MULLIN 101-1005-60103 196.43Travel & Training04/19/22 - TRAVEL EXPENSE REMIB T.SAN…208295SANCHEZ, TOMMI 101-6006-60320 399.58Community Experiences06/01/22-05/31/23 MUSIC LICENSE REN…208262ASCAP 101-3003-60149 200.00Membership DuesFY 22/23 MEMBERSHIP G.VILLALPANDO208270CRRA 101-1002-60351 3,684.38Materials/Supplies06/28/22 - ANGEL MIX FOR BASEBALL FIE…208269CORONA CLAY COMPANY 101-3005-60431 3,684.38Materials/Supplies06/29/22 - ANGEL MIX FOR BASEBALL FIE…208269CORONA CLAY COMPANY 101-3005-60431 1,732.50Map/Plan Checking05/2022 - ONCALL PLAN CHECK SVCS ENG…208278HR GREEN PACIFIC INC 101-7002-60183 3,500.00Contract Services - Administrat…07/2022 - LOBBYIST SERVICES208282JOE A GONSALVES & SON 101-1002-60101 75.00Wellness Center Memberships06/07/2022 - REFUND FOR DOUBLE CHAR…208283KAY, JAMES 101-0000-42218 60.00Wellness Center Leisure Enric…07/6-07/27/22 - YOGA CLASSES REFUND208261AMBRIZ, PAULA 101-0000-42214 200.00Administrative Citations06/27/22 - REFUND FOR DOUBLE PAYME…208299SRI V R NETTIMI OR SUSHELLA…101-0000-42700 100.00Administrative Citations06/20/22 - CITATION DISMISSAL REFUND …208291PETER DAVID OR KELLY BAUC…101-0000-42700 1,268.26Maintenance/Services06/13-06/23/22 - EQUIPMENT RENTAL208293QUINN COMPANY 101-3005-60691 -84.00Maintenance/Services06/13/22 - EQUIPMENT RENTAL CREDIT …208293QUINN COMPANY 101-3005-60691 2,706.27Sponsorships/Advertising06/24/22 - POLE BANNERS FOR CITY BDAY208311XPRESS GRAPHICS 101-3007-60450 370.00Materials/Supplies06/30/22 - BOX TREE FOR SRR PARK208310VINTAGE ASSOCIATES 101-3005-60431 932.21Office Supplies06/22/22 - OFFICE SUPPLIES208289ODP BUSINESS SOLUTIONS, LLC 101-1005-60400 223.98Forms, Copier Paper06/14/22 - CIYTWIDE COPY PAPER208300STAPLES ADVANTAGE 101-1007-60402 611.95Operating Supplies06/20/22 - POLICE GPS DEVICES (4)208309US FLEET TRACKING LLC 101-2001-60420 1,917.60Operating Supplies07/01/22-06/30/23 - ANNUAL SERVICE GP…208309US FLEET TRACKING LLC 101-2001-60420 -479.40Operating Supplies3/1/22-2/28/23 ANNUAL SERVICE CREDIT…208309US FLEET TRACKING LLC 101-2001-60420 1,905.48Electricity - Utilities06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-2002-61101 1,471.67Electric - Civic Center Park - Uti…06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61103 171.13Electric - Fritz Burns Park - Utili…06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61105 1,873.98Electric - Sports Complex - Utili…06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61106 16,205.98Electricity - Utilities06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3008-61101 1,288.11Electricity - Utilities06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-2002-61101 13.30Electric - Monticello Park - Utili…06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61102 1,178.60Electric - Fritz Burns Park - Utili…06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61105 53.41Electric - Colonel Paige - Utiliti…06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61108 5,346.94Electric - Community Park - Util…06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61109 30.96Electric - Adams Park - Utilities06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61110 13.71Electric - Velasco Park - Utilities06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61111 22.06Electric - Eisenhower Park - Util…06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61113 13.43Electric - Desert Pride - Utilities06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61114 7,337.85Water -Community Park - Utilit…06/27/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…101-3005-61209 23.21PM 10 - Dust Control06/27/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…101-7006-60146 246 Demand Register Packet: APPKT03178 - 07/08/2022 JB 7/11/2022 4:12:09 PM Page 2 of 5 AmountVendor Name Payment Number Description (Item)Account Name Account Number 3,820.00Professional Services07/2022 PERMITTING SOFTWARE FOR ST…208275GOVOS, INC.101-1005-60103 42.56Gas - Utilities05/23-06/22/22 - FS #32 GAS SVC208302THE GAS COMPANY 101-2002-61100 130.13Gas - Utilities05/23-06/22/22 - CH GAS SVC208302THE GAS COMPANY 101-3008-61100 46.84Gas-Utilities FB Pool05/23-06/22/22 - FB POOL GAS SVC208302THE GAS COMPANY 101-3005-61100 142.96Gas - Utilities05/23-06/22/22 - WC GAS SVC208302THE GAS COMPANY 101-3008-61100 2,771.94Electric - SilverRock Event Site -…06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 101-3005-61115 169.09Water - Utilities06/23/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…101-2002-61200 106.54Water -Eisenhower Park - Utilit…06/23/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…101-3005-61203 211.24Water -Velasco Park - Utilities06/23/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…101-3005-61205 2,228.45Water -Fritz Burns Park - Utiliti…06/29/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…101-3005-61204 2,069.15Water - Utilities06/29/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…101-3008-61200 4,955.00Membership DuesFY 22-23 DUES ASSESSMENT208297SOUTHERN CALIFORNIA ASSOC…101-1002-60351 740,658.58Sheriff Patrol04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60161 17,510.42Police Overtime04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60162 96,612.40Target Team04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60163 59,366.40Community Services Officer04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60164 16,132.80Gang Task Force04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60166 16,132.80Narcotics Task Force04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60167 121,558.85Motor Officer04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60169 40,935.00Dedicated Sargeants04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60170 25,091.20Dedicated Lieutenant04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60171 29,003.48Sheriff - Mileage04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60172 3,574.39Special Enforcement Funds04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…101-2001-60175 Fund 101 - GENERAL FUND Total:1,249,790.08 Fund: 201 - GAS TAX FUND 527.44Traffic Control Signs06/30/22 - TRAFFIC CONTROL SIGNS208303TOPS' N BARRICADES INC 201-7003-60429 1,561.65Traffic Control Signs06/30/22 - TRAFFIC CONTROL SIGNS208303TOPS' N BARRICADES INC 201-7003-60429 321.08Traffic Control Signs06/30/22 - TRAFFIC CONTROL SIGNS208303TOPS' N BARRICADES INC 201-7003-60429 192.48Uniforms06/09/22 - IMPRINT FOR UNIFOMRS208301SUMMIT SAFETY LLC 201-7003-60690 691.86Electricity - Utilities06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 201-7003-61101 18.77Electricity - Utilities06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 201-7003-61101 Fund 201 - GAS TAX FUND Total:3,313.28 Fund: 202 - LIBRARY & MUSEUM FUND 4,480.26Electricity - Utilities06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 202-3004-61101 1,446.90Electricity - Utilities06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 202-3006-61101 14.79Gas - Utilities05/23-06/22/22 - LIBRARY GAS SVC208302THE GAS COMPANY 202-3004-61100 Fund 202 - LIBRARY & MUSEUM FUND Total:5,941.95 Fund: 212 - SLESA (COPS) FUND 955.32COPS Burglary/Theft Preventi…04/07-05/04/22 - BP #11 POLICE SERVICE208294RIVERSIDE COUNTY SHERIFF D…212-0000-60179 Fund 212 - SLESA (COPS) FUND Total:955.32 Fund: 215 - LIGHTING & LANDSCAPING FUND 812.14Materials/Supplies04/27/22 - LANDSCAPE RUBBLE208304TRI-STATE MATERIALS INC 215-7004-60431 27.82Operating Supplies07/01/22 - CUPS FOR DEPARTMENT208300STAPLES ADVANTAGE 215-7004-60420 103.41Electric - Utilities06/23/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 215-7004-61116 13.57Electric - Medians - Utilities06/23/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 215-7004-61117 2,238.25Electric - Utilities06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 215-7004-61116 992.63Electric - Medians - Utilities06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 215-7004-61117 2,927.40Electric - Utilities06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 215-7004-61116 1,393.16Electric - Medians - Utilities06/30/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 215-7004-61117 2,646.65Water - Medians - Utilities06/23/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…215-7004-61211 4,284.18Water - Medians - Utilities06/27/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…215-7004-61211 11,528.20Water - Medians - Utilities06/29/22 - WATER SERVICE208268COACHELLA VALLEY WATER DI…215-7004-61211 Fund 215 - LIGHTING & LANDSCAPING FUND Total:26,967.41 Fund: 221 - AB 939 - CALRECYCLE FUND 361.18AB 939 Recycling Solutions06/20/22 - POLO SHIRTS208290PALMS TO PINES PRINTING 221-0000-60127 Fund 221 - AB 939 - CALRECYCLE FUND Total:361.18 247 Demand Register Packet: APPKT03178 - 07/08/2022 JB 7/11/2022 4:12:09 PM Page 3 of 5 AmountVendor Name Payment Number Description (Item)Account Name Account Number Fund: 235 - SO COAST AIR QUALITY FUND 641.05Electricity - Utilities06/27/22 - ELECTRICITY SERVICE208279IMPERIAL IRRIGATION DIST 235-0000-61101 Fund 235 - SO COAST AIR QUALITY FUND Total:641.05 Fund: 243 - RDA LOW-MOD HOUSING FUND 100,000.00Homelessness AssistanceFY 22/23 HOMELESS PREVENTION & ASSIS…208286MARTHA'S VILLAGE KITCHEN 243-0000-60532 100,000.00Homelessness AssistanceFY 22/23 HOMELESS PREVENTION PROGR…208267COACHELLA VALLEY RESCUE M…243-0000-60532 Fund 243 - RDA LOW-MOD HOUSING FUND Total:200,000.00 Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS 20,649.50Design05/24/22 - FB PARK MASTER PLAN DESIGN208280IN-SITE LANDSCAPE ARCHITEC…401-0000-60185 -3,773.50Retention Payable05/20/22 - CITYWIDE MISC ADA IMPROV…208307UNIVERSAL CONSTRUCTION A…401-0000-20600 75,470.00Construction05/20/22 - CITYWIDE MISC ADA IMPROV…208307UNIVERSAL CONSTRUCTION A…401-0000-60188 -1,010.63Retention Payable06/09/22 - CITYWIDE MISC ADA IMPROV…208307UNIVERSAL CONSTRUCTION A…401-0000-20600 20,212.62Construction06/09/22 - CITYWIDE MISC ADA IMPROV…208307UNIVERSAL CONSTRUCTION A…401-0000-60188 25,845.00Design03/2022 - CULTURAL CAMPUS DESIGN208276HAMMEL, GREEN, AND ABRA…401-0000-60185 8,615.00Design04/2022 - CULTURAL CAMPUS DESIGN208276HAMMEL, GREEN, AND ABRA…401-0000-60185 -2,726.71Retention Payable06/2022 - TOPAZ LANDSCAPE RENOVATI…208308URBAN HABITAT 401-0000-20600 54,534.22Construction06/2022 TOPAZ LANDSCAPE RENOVATION …208308URBAN HABITAT 401-0000-60188 0.04Construction2/15/22 - X-PARK POLE PURCHASING AND …208296SIGNIFY NORTH AMERICA COR…401-0000-60188 1,087.50Construction2/16/22 - X-PARK POLE PURCHASING AND …208296SIGNIFY NORTH AMERICA COR…401-0000-60188 4,350.00Construction03/02/22 - X-PARK POLE PURCHASING AN…208296SIGNIFY NORTH AMERICA COR…401-0000-60188 7,612.46Construction3/8/22 - X-PARK POLE PURCHASING AND …208296SIGNIFY NORTH AMERICA COR…401-0000-60188 Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total:210,865.50 Fund: 501 - FACILITY & FLEET REPLACEMENT 1,383.48Vehicle Repair & Maintenance06/30/22 - BACKHOLE REPAIR208292POWERPLAN BF 501-0000-60676 Fund 501 - FACILITY & FLEET REPLACEMENT Total:1,383.48 Fund: 502 - INFORMATION TECHNOLOGY 5,013.97Software Licenses07/01/22-06/30/23 AR MODULE MAINTE…208305TYLER TECHNOLOGIES 502-0000-60301 266.66Cable/Internet - Utilities06/24-07/23/22 - WC CABLE208266CHARTER COMMUNICATIONS …502-0000-61400 33,601.44Technical07/01/22-06/30/23 - PHONE SYSTEM MAI…208281INTELESYSONE 502-0000-60108 300.00Software Licenses6/30/22-6/30/23 APPOINTMENT ANNUAL…208285LOBBYCENTRAL 502-0000-60301 770.00Software Licenses06/30/22-06/30/23 - CLOUD ANNUAL SUB…208285LOBBYCENTRAL 502-0000-60301 14,907.00Software Licenses7/1/22-6/30/23 GOREQUEST & GOENFOR…208274GOGOV APPS, INC.502-0000-60301 4,502.00Maintenance Agreements7/1/22-6/30/23 INVESTMENT PORTFOLIO…208271EMPHASYS 502-0000-60300 Fund 502 - INFORMATION TECHNOLOGY Total:59,361.07 Fund: 504 - INSURANCE FUND 1,800.00Crime Insurance7/01/22-7/01/23 CRIME INSURANCE208260ALLIANT INSURANCE SERVICES …504-1010-60446 418,878.00Liability InsuranceFY 22/23 LIABILITY NSURANCE208264CALIFORNIA JOINT POWERS IN…504-1010-60441 185,353.00Workers Comp PremiumFY 22/23 WORKERS COMP INSURANCE208264CALIFORNIA JOINT POWERS IN…504-1010-60452 -3,181.00Crime Insurance7/1/21-7/1/22-R/C MECHANICAL INS TO 5…208264CALIFORNIA JOINT POWERS IN…504-1010-60446 3,181.00Property Insurance7/1/21-7/1/22-R/C MECHANICAL INS FR…208264CALIFORNIA JOINT POWERS IN…504-1010-60443 141,655.00Property Insurance07/01/22-07/01/23 - PROPERTY INSURAN…208264CALIFORNIA JOINT POWERS IN…504-1010-60443 14,716.00Property Insurance07/01/22-07/01/23 - VEHICLE INSURANCE…208264CALIFORNIA JOINT POWERS IN…504-1010-60443 3,367.00Property Insurance07/01/22-07/01/23 - MECHANICAL INSUR…208264CALIFORNIA JOINT POWERS IN…504-1010-60443 Fund 504 - INSURANCE FUND Total:765,769.00 Grand Total:2,525,349.32 248 Demand Register Packet: APPKT03178 - 07/08/2022 JB 7/11/2022 4:12:09 PM Page 4 of 5 Fund Summary Fund Expense Amount 101 - GENERAL FUND 1,249,790.08 201 - GAS TAX FUND 3,313.28 202 - LIBRARY & MUSEUM FUND 5,941.95 212 - SLESA (COPS) FUND 955.32 215 - LIGHTING & LANDSCAPING FUND 26,967.41 221 - AB 939 - CALRECYCLE FUND 361.18 235 - SO COAST AIR QUALITY FUND 641.05 243 - RDA LOW-MOD HOUSING FUND 200,000.00 401 - CAPITAL IMPROVEMENT PROGRAMS 210,865.50 501 - FACILITY & FLEET REPLACEMENT 1,383.48 502 - INFORMATION TECHNOLOGY 59,361.07 504 - INSURANCE FUND 765,769.00 Grand Total:2,525,349.32 Account Summary Account Number Account Name Expense Amount 101-0000-20981 United Way Deductions 37.00 101-0000-42214 Wellness Center Leisure E…60.00 101-0000-42218 Wellness Center Member…75.00 101-0000-42700 Administrative Citations 300.00 101-1002-60101 Contract Services - Admini…3,500.00 101-1002-60351 Membership Dues 5,155.00 101-1004-50252 Annual Wellness Dollar Re…1,329.71 101-1005-60103 Professional Services 6,051.25 101-1005-60400 Office Supplies 1,169.25 101-1007-60402 Forms, Copier Paper 223.98 101-2001-60161 Sheriff Patrol 740,658.58 101-2001-60162 Police Overtime 17,510.42 101-2001-60163 Target Team 96,612.40 101-2001-60164 Community Services Offic…59,366.40 101-2001-60166 Gang Task Force 16,132.80 101-2001-60167 Narcotics Task Force 16,132.80 101-2001-60169 Motor Officer 121,558.85 101-2001-60170 Dedicated Sargeants 40,935.00 101-2001-60171 Dedicated Lieutenant 25,091.20 101-2001-60172 Sheriff - Mileage 29,003.48 101-2001-60175 Special Enforcement Funds 3,574.39 101-2001-60420 Operating Supplies 2,050.15 101-2002-61100 Gas - Utilities 42.56 101-2002-61101 Electricity - Utilities 3,193.59 101-2002-61200 Water - Utilities 169.09 101-2002-61400 Cable/Internet - Utilities 113.79 101-3003-60149 Community Experiences 399.58 101-3005-60117 Civic Center Lake Mainten…2,437.00 101-3005-60189 SilverRock Lake Maintena…1,350.00 101-3005-60431 Materials/Supplies 7,738.76 101-3005-60691 Maintenance/Services 1,184.26 101-3005-61100 Gas-Utilities FB Pool 46.84 101-3005-61102 Electric - Monticello Park -…13.30 101-3005-61103 Electric - Civic Center Park…1,471.67 101-3005-61105 Electric - Fritz Burns Park -…1,349.73 101-3005-61106 Electric - Sports Complex -…1,873.98 101-3005-61108 Electric - Colonel Paige - U…53.41 101-3005-61109 Electric - Community Park …5,346.94 101-3005-61110 Electric - Adams Park - Util…30.96 101-3005-61111 Electric - Velasco Park - Uti…13.71 101-3005-61113 Electric - Eisenhower Park …22.06 101-3005-61114 Electric - Desert Pride - Uti…13.43 101-3005-61115 Electric - SilverRock Event…2,771.94 249 Demand Register Packet: APPKT03178 - 07/08/2022 JB 7/11/2022 4:12:09 PM Page 5 of 5 Account Summary Account Number Account Name Expense Amount 101-3005-61203 Water -Eisenhower Park -…106.54 101-3005-61204 Water -Fritz Burns Park - …2,228.45 101-3005-61205 Water -Velasco Park - Utili…211.24 101-3005-61209 Water -Community Park -…7,337.85 101-3007-60450 Sponsorships/Advertising 2,706.27 101-3007-60461 Marketing & Tourism Pro…130.44 101-3008-60690 Uniforms 404.67 101-3008-61100 Gas - Utilities 273.09 101-3008-61101 Electricity - Utilities 16,205.98 101-3008-61200 Water - Utilities 2,069.15 101-6006-60320 Travel & Training 196.43 101-7002-60183 Map/Plan Checking 1,732.50 101-7006-60146 PM 10 - Dust Control 23.21 201-7003-60429 Traffic Control Signs 2,410.17 201-7003-60690 Uniforms 192.48 201-7003-61101 Electricity - Utilities 710.63 202-3004-61100 Gas - Utilities 14.79 202-3004-61101 Electricity - Utilities 4,480.26 202-3006-61101 Electricity - Utilities 1,446.90 212-0000-60179 COPS Burglary/Theft Prev…955.32 215-7004-60420 Operating Supplies 27.82 215-7004-60431 Materials/Supplies 812.14 215-7004-61116 Electric - Utilities 5,269.06 215-7004-61117 Electric - Medians - Utiliti…2,399.36 215-7004-61211 Water - Medians - Utilities 18,459.03 221-0000-60127 AB 939 Recycling Solutions 361.18 235-0000-61101 Electricity - Utilities 641.05 243-0000-60532 Homelessness Assistance 200,000.00 401-0000-20600 Retention Payable -7,510.84 401-0000-60185 Design 55,109.50 401-0000-60188 Construction 163,266.84 501-0000-60676 Vehicle Repair & Mainte…1,383.48 502-0000-60108 Technical 33,601.44 502-0000-60300 Maintenance Agreements 4,502.00 502-0000-60301 Software Licenses 20,990.97 502-0000-61400 Cable/Internet - Utilities 266.66 504-1010-60441 Liability Insurance 418,878.00 504-1010-60443 Property Insurance 162,919.00 504-1010-60446 Crime Insurance -1,381.00 504-1010-60452 Workers Comp Premium 185,353.00 Grand Total:2,525,349.32 Project Account Summary Project Account Key Expense AmountProject Account Name Project Name **None**2,307,957.55**None****None** 151609CT 13,050.00Construction Expense La Quinta X Park 201603CT 54,534.22Construction Expense La Quinta Landscape Renovation Improvement 201603RP -2,726.71Retention Payable La Quinta Landscape Renovation Improvement 201901D 34,460.00Design Expense Village Art Plaza Promenade & Cultural Campus 202102D 20,649.50Design Expense Fritz Burns Park Improvements 202103CT 95,682.62Construction Expense Citywide Miscellaneous ADA Improvements 202103RP -4,784.13Retention Payable Citywide Miscellaneous ADA Improvements BDAYE 2,706.27City Picnic & Birthday Celebration Ex…City Picnic & Birthday Celebration STVRE 3,820.00Short Term Vacation Rental Expense Short Term Vacation Rental Tracking Grand Total:2,525,349.32 250 City of La Quinta Bank Transactions 6/27 – 7/8/2022 Wire Transaction Listed below are the wire transfers from 6/27 – 7/8/2022. Wire Transfers: 06/28/2022 - WIRE TRANSFER - CALPERS 5,553.36$ 06/28/2022 - WIRE TRANSFER - CALPERS 14,651.29$ 06/28/2022 - WIRE TRANSFER - CALPERS 22,217.91$ 06/28/2022 - WIRE TRANSFER - J&H PROPERTY MANAGEMENT 34,827.74$ 06/29/2022 - WIRE TRANSFER - STERLING HEALTH 1,822.90$ 06/30/2022 - WIRE TRANSFER - CALPERS 5,553.36$ 06/30/2022 - WIRE TRANSFER - CALPERS 14,651.31$ 06/30/2022 - WIRE TRANSFER - CALPERS 22,179.86$ 07/05/2022 - WIRE TRANSFER - COLONIAL LIFE INSURANCE 5,045.52$ 07/07/2022 - WIRE TRANSFER - WASKER, DORR, WIMMER & MARCOUILER, P.C.31,542.00$ 07/07/2022 - WIRE TRANSFER - CALPERS 116,778.14$ 07/08/2022 - WIRE TRANSFER - LANDMARK 199,915.36$ TOTAL WIRE TRANSFERS OUT 474,738.75$ ATTACHMENT 2 251 252 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: DISCUSS AMENDED AND RESTATED RULES OF PROCEDURE FOR PUBLIC MEETINGS AND RELATED FUNCTIONS AND ACTIVITIES OF THE CITY COUNCIL RECOMMENDATION Discuss Amended and Restated Rules of Procedure for public meetings and related functions and activities of the City Council. EXECUTIVE SUMMARY On June 2, 2015, the City Council adopted Resolution No. 2015-023 adopting Amended and Restated Rules of Procedure for public meetings applicable to the Council as well all City Boards, Commissions, and Committees. Due to changes in law, policy and/or practice, the Rules of Procedure are examined and updated periodically. FISCAL IMPACT – None. BACKGROUND/ANALYSIS The City periodically reviews its policies and procedures to ensure compliance with state law and alignment with best practices; and Council implements revisions if necessary. The revisions to the proposed Amended and Restated Rules of Procedure for public meetings, and related functions and activities of the City Council, are as follows: Remove reference to City boards, commissions, and committees throughout the document as Council adopted separate Rules of Procedure specific for these entities via Resolution No. 2021-034 on September 21, 2021. “Section 1.1 – Regular Meetings” has been amended to allow flexibility for the start time of the Closed Session portion of public meetings. STUDY SESSION ITEM NO. 1 253  Sections 1.7 and 1.8 have been respectively amended and added to clarify attendance at public meetings via teleconference.  Additional minor language revisions throughout the document have been made to ensure clarity, and text consistency and alignment with current terms. Staff seeks Council direction with regards to the following items:  Whether to detail instances when flexibility may be appropriate for the three (3) minutes allocated to individual speaker time, as provided in Sections 2.5 and 2.6.  Whether to include a prohibition or a limit to the allowance for additional speaker time donations and provide guidance that speakers donating time must be present at the meeting and during the time when the donation is being used.  Whether to include a definition or guidance for “verbal public comments,” which are to be provided in the speakers’ own voice and may not include video or sound recordings of the speaker or others.  Whether to include guidance or restrictions related to the ability for speakers to utilize Council Chamber’s resources and technology for presentations, in addition to the allowable form of providing presentations in hard-copies and hand-out form before or during the meeting that are distributed to Council, available to the public, and included in the public record. Upon receiving Council direction and consensus, staff will revise the proposed draft Amended and Restated Rules of Procedure, and bring back a resolution, at the next regular Council meeting, for Council’s review and consideration. If adopted, the new resolution will supersede and replace the applicability of the current Rules of Procedure adopted via Resolution No. 2015-023. ALTERNATIVES Council may direct staff to add, delete, or amend any section of the proposed Amended and Restated Rules of Procedure, or take no action at all and leave the current Rules of Procedure in effect. Prepared by: Monika Radeva, City Clerk Approved by: Jon McMillen, City Manager 254   RESOLUTION NO. 2022 – XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ADOPTING AMENDED AND RESTATED RULES OF PROCEDURE FOR CITY COUNCIL PUBLIC MEETINGS AND RELATED FUNCTIONS AND ACTIVITIES WHEREAS, Section 2.04.040 of the La Quinta Municipal Code and California Government Code Section 54954(a) [Brown Act] require the City Council to adopt rules of procedure to govern the conduct of its meetings and any of its other functions and activities pertaining thereto; and WHEREAS, due to changes in law, policy and/or practice, the City’s current “Rules of Procedure” are examined and updated periodically; and WHEREAS, this resolution shall supersede Council Resolution No. 2015-023, adopted on June 2, 2015, establishing the Amended and Restated Rules of Procedure for Council Meetings and Related Functions and Activities. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. The Amended and Restated Rules of Procedure for City Council meetings and related functions and activities, attached hereto as “Exhibit A” and incorporated herein by reference, are hereby adopted. SECTION 2. This Resolution supersedes City Council Resolution No. 2015-023, adopted on June 2, 2015. SECTION 3. Corrective Amendments: The City Council does hereby grant the City Clerk the ability to make minor amendments and corrections of typographical or clerical errors to "Exhibit A" to ensure accuracy and consistency of the text. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this day of , 2022, by the following vote: AYES: NOES: 255 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 2 of 22 ABSENT: ABSTAIN: ______________________ LINDA EVANS, Mayor City of La Quinta, California ATTEST: _________________________ MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: ___________________________ WILLIAM H. IHRKE, City Attorney City of La Quinta, California 256 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 3 of 22 AMENDED AND RESTATED RULES OF PROCEDURE FOR COUNCIL MEETINGS AND RELATED FUNCTIONS AND ACTIVITIES PURPOSE The purpose and intent of the City Council in adopting the within rules shall be to provide directory guidelines relating to the conduct of the public business by or on behalf of the City Council, and in the event of any noncompliance with or violation of any provision herein, such will not be deemed to affect the validity of any action taken, unless otherwise specifically provided by law. The rules of procedure set herein shall be in addition to the provisions of the Ralph M. Brown Act (Brown Act) [Government Code section 54950 et seq.] and all other applicable State government codeslaw and La Quinta Municipal Code (LQMC) provisions. In the event of a conflict between the rules set by the City Council in this Resolution and State lawCalifornia Code, the provisions in State lawof California State Code shall prevail. APPLICABILITY Unless otherwise provided by resolution of the City Council, a city authority, or city agency, the rules of procedure outlined below apply to allthe following city- established entities including, but not limited to the following: La Quinta City Council La Quinta Housing Authority La Quinta Financing Authority Successor Agency to the La Quinta Redevelopment Agency All City Boards, Commissions, and Committees MEETINGS 1.1 REGULAR MEETINGS: The City Council of the City of La Quinta shall hold regular meetings in the place specified in the Municipal Code, on the first and third Tuesdays of each month. The open session portion of regular meetings shall begin at 4:00 p.m. The Cclosed Ssession portion of regular meetings, if needed, may begin between 32:00 p.m. and 4:00 p.m., or may be scheduled any time before meeting adjournment in accordance with a duly noticed agenda. The public hearing portion of the meeting shall be the time set forth in the published public hearing EXHIBIT A 257 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 4 of 22 notice, or if none is required, the time set forth in the posted agenda. When the day for a regular meeting of the Council falls on a legal holiday, no meeting shall be held on that day; rather, such meeting shall be held at the same hour on the next business day unless otherwise determined by the City Council. 1.2 ADJOURNED MEETINGS: Any meeting may be adjourned to a time, place, and date certain, but not beyond the next regular meeting. Once adjourned, the meeting may not be reconvened. 1.3 SPECIAL MEETINGS: Special Meetings may be called by the Mayor or majority of Councilmembers on 24-hour notice, as set forth in Government Code sections 3511.1(d), 36807 and 54956, subdivisions (a), (b), and (c). To avoid a series of communications by a majority of members in contravention to Government Code section 54952.2(b), any member other than the Mayor seeking to call a special meeting shall deliver, individually and separately from other members, a request to call a special meeting, and any matter(s) to be considered therein, to the City Manager and City Clerk. If a request to call a special meeting is received by the City Manager and City Clerk by a majority of members, other than the Mayro, prior to the next regular meeting, the City Manager and City Clerk shall reschedule and call for the special meeting pursuant to the Brown Act and these Rules of Procedure. Only matters contained in the notice may be considered and no ordinances (other than urgency ordinances) may be adopted, nor may matters concerning the salaries, salary schedules, stipend, bonus or compensation paid in the form of fringe benefits, of the City Manager, any Department head, or any employee whose position is held by an employment contract, be acted upon. Notice of special meetings shall be posted in accordance with Section 1.4 below. 1.4 NOTICE OF MEETINGS. POSTING OF AGENDAS: The City Clerk, or designee, shall post a meeting agenda in the following locations at least 72 hours before each regular meeting of the City Council: (1) The public bulletin board located outside the Village Post Office at 51321 Avenida Bermudas; (2) The public bulletin board located outside the Stater Bros. Supermarket at 78630 Highway 111; (3) The public bulletin board located outside La Quinta City Hall at 78495 Calle Tampico; and (4) The City’s internet web site. 258 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 5 of 22 The City Council finds and determines that all locations are freely accessible to the public and the Council further finds and determines that the City is legally required to post an agenda in only one freely accessible location and on the City’s web site. This direction to post in all locations is directory only and not mandatory. Other locations may be added as deemed appropriate. Following posting of said agenda, the City Clerk or designee, shall sign a declaration of the date and place of the posting of the said agenda and shall retain said declaration of posting as a public record as part of the Council meeting record to which the posting relates. The provisions of this section as to place of posting and declaration of posting shall also apply to the special meeting posting requirements pursuant to the Brown Actof [Government Code section 54956]. To the extent not required by State law, the provisions hereof are directory only. 1.5 QUORUM: Unless otherwise provided for in the Municipal Code, a majority of the Council shall be sufficient to do business and motions may be passed 2-1 if only three (3) members attend. The following matters, however, require three (3) affirmative votes: (a) Adoption of resolutions; (b) Orders for payment of money; (c) Adoption or amendment of a specific or general plan; and (d) Any other requirement in applicable State law that requires at least a simple majority vote of the entire legislative body. If a majority of the Council shall be disqualified to vote on a matter by reason of actual or apparent conflict of interest, the Council shall select by lot or other means of random selection, or by such other impartial and equitable means as the Council shall determine, that requisite number of its disqualified members which, when added to the members eligible to vote, shall constitute a quorum. 1.6 MEETINGS TO BE PUBLIC: Study Sessions and all regular, adjourned or special meetings of the City Council shall be open to the public, provided, however, the Council may hold closed sessions from which the public may be excluded, which closed sessions shall only be held in accordance with the provisions of the Brown Act. 1.7 MEETING ATTENDANCE VIA TELECONFERENCE WHEN NO STATE OF EMERGENCY HAS BEEN PROCLAIMED BY THE GOVERNOR AND/OR SOCIAL DISTANCING IS IN EFFECT: 259 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 6 of 22 (a) The use of teleconferencing for a Councilmember to attend a City Council meeting is permitted subject to compliance with the provisions of the Brown Act [Government Code Ssection 54953, as amended]. (b) All provisions of the Ralph M. Brown Act shall apply to the teleconferenced meeting location including agenda posting, public accessibility, Americans with Disabilities Act compliance, opportunity for the public to address Council directly, and availability of agendas. (c) All votes taken during a teleconferenced meeting shall be by roll call. (d) So that the City Clerk may comply with the Ralph M. Brown Act, one week advance written notice to the City Clerk must be given by the Councilmember of the City Council who wishes to attend via teleconference; the notice must include the location name and address, which must specifically include the room/suite number or other reasonably detailed description, at which the teleconferenced meeting will occur, who is to initiate the telephone call to establish the teleconference connection, and the telephone number of the teleconference location (the telephone number will not be made public). If the teleconference is to be conducted via video/audio teleconference, the City Clerk shall provide and publish a teleconference link that the member must connect to in order to attend the meeting. (e) The Councilmember attending by teleconference shall: (1) Provide the City Clerk with a photograph showing the agenda posted at the teleconference location, or a written statement that the agenda has been posted, which the City Clerk shall retain with the original agenda packet materials; and (2) Identify himself/herself/themselves and acknowledge whether or not members of the public are in attendance at the teleconference location. (f) Only one Councilmember per meeting may attend by teleconferencing. (g) Each Councilmember may attend a regular City Council meeting via teleconference a maximum of twice per calendar year. (h) Upon receipt of notification of intent to attend via teleconference from one Councilmember, the City Clerk shall forward the notice to all Councilmembersthe City Council. 1.8 MEETING ATTENDANCE AND PUBLIC PARTICIPATION VIA 260 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 7 of 22 TELECONFERENCE WHEN A STATE OF EMERGENCY HAS BEEN PROCLAIMED BY THE GOVERNOR AND/OR SOCIAL DISTANCING IS IN EFFECT: During a period when the Governor of California has proclaimed a “state of emergency” or state or local officials have imposed or recommended measures to promote social distancing, and the City Council by majority vote has made the findings in support of modified teleconferencing procedures pursuant to the Brown Act [Government Code section 54953(e)(3), or successor provision if effective on or after January 1, 2024], then Section 1.7 of these Rules of Procedure shall not apply, and the criteria set forth in the Brown Act shall apply to City Council meetings. 1.81.9 CLOSED SESSION MINUTES Pursuant to the Brown Act [Government Code Ssection 54957.2] of the California Government Code, the City Clerk of the City of La Quinta may be required to attend Cclosed Ssession of the City Council, and keep and enter in a minute book a record of topics discussed and decisions made at each meeting. Closed Session minutes, if produced, shall not be a public record subject to inspection pursuant to the California Public Records Act [Government Code section 6250 et seq.], and shall be kept confidential pursuant to the Brown ActGovernment Code. 2. AGENDA 2.1 ORDER OF BUSINESS: Except as otherwise provided by law, no action or discussion shall be undertaken on any item not appearing on the posted agenda, except that Councilmembers of Council or staff may, on their own initiative or in response to public comments, briefly respond to statements made or questions posed during the public comment period, ask questions for clarification, make a brief announcement, make a brief report on theirhis/her own activities, provide a reference to staff, request staff to report back to the Council at a subsequent meeting, or take action to direct staff to place a matter on a future agenda pursuant to Section 2.9 of these Rules of Procedure, listed below. The order of business of each meeting shall be as contained in the Agenda prepared by the City Clerk and shall contain the following category headings:  Call to Order  Roll Call  *Public Comments on Matters Not on the Agenda (place before Closed Session) 261 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 8 of 22  Closed Session (may be taken up before, after or during breaks in the open portion of the meeting)  *Pledge of Allegiance  *Public Comments on Matters Not on the Agenda  Confirmation of Agenda  *Announcements, Presentations, and Written Communications  Consent Calendar (will include Minutes)  Business Session  *Study Session  *Departmental Reports  *Reports and Informational Items  *Mayor and Councilmembers’ Items  *Public Comment (only needed if there is a Public Hearing(s) on the agenda)  *Presentations (only needed if there is a late presentation item)  Public Hearings  Adjournment The Presiding Officer may change the order of business to accommodate participants, the City Council, staff, or consultants; expedite the meeting; or meet public hearing notice times. * These portions of the agenda shall be used for discussion and direction to staff; no formal actions are to be taken. 2.2 DELIVERY OF AGENDA: Barring insurmountable difficulties, the agenda packet shall ordinarily be delivered to the City Council each Thursday preceding the Tuesday meeting to which it pertains. The agenda packet shall also be available to the public at the time it is delivered to the City Council. 2.3 ROLL CALL: Before proceeding with the business of the Council, the City Clerk shall call the roll of the City Council and the names of those present shall be entered in the minutes. The order of roll call shall be alphabetical with the Mayor called last. 2.4 APPROVAL OF MINUTES: Action minutes shall be prepared after every meeting. Unless requested by a majority of the City Council, minutes of the previous meeting may be approved as a Consent Calendar item without public reading if the City Clerk has 262 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 9 of 22 previously furnished each Councilmember with a copy thereof. 2.5 PUBLIC HEARINGS: Generally, public hearings shall be conducted in the following order:  Staff presentation of the staff report and related materials  Questions of Staff by Council  Public hearing opened by Presiding Officer  Public testimony  Public hearing closed by Presiding Officer  Questions by Council  Discussion by Council  Action by Council Questions or comments from the public shall be limited to the subject under consideration. Depending upon the extent of the agenda, and the number of persons desiring to speak on an issue, the Presiding Officer may, at the beginning of the hearing, limit testimony, but in no event to less than three (3) minutes per individual. Any person may speak for a longer period of time, upon approval of the City Council, when this is deemed necessary in such cases as when a person is speaking as a representative of a group or has graphic or slide presentations requiring more time. Quasi-judicial hearings shall be conducted in accordance with the principles of due process, and the City Attorney shall advise the City Council in this regard. 2.6 PUBLIC COMMENT: Pursuant to the Brown Act [Government Code section 54954.3], each agenda for a regular meeting shall provide an item entitled "Public Comment". The purpose of such item shall be to provide an opportunity for members of the public to directly address the City Council on items of interest to the public that are within the subject matter jurisdiction of the City Council. In order to assure that the intent of Brown ActGovernment Code 54954.3 is carried out, three (3) minutes is the amount of time allocated for each individual speaker. At any time, before or after the oral communication is commenced, the Presiding Officer may, if s/he deems it preferable, direct that the communication be made instead either to the City Manager or other appropriate staff member during regular business hours, or in writing for subsequent submittal to Councilmembers. On items of public comment or discussion, any matter raised by the public which does not specifically appear on the agenda may be added to a future agenda in accordance with Section 2.9 of these Rules of Procedure, listed below. It is hereby determined that such requests or direction by a Councilmember of 263 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 10 of 22 Council shall not be considered action taken by the Council on said item raised by the public. Further, Council discussion of the matter shall not be considered action taken. 2.7 CONSENT AGENDA: Items of routine nature, and non-controversial, shall be placed on the consent agenda. All items may be approved by one blanket motion with majority voteupon unanimous consent. Any Councilmember of Council may request that any item be withdrawn from the consent agenda for separate consideration. 2.8 MAYOR AND COUNCILMEMBER ITEMS: The Mayor and CouncilmMembers of Council shall provide brief reports on meetings attended at the expense of the local agency at the next regular meeting of the Council. 2.9 ADDING ITEMS TO A FUTURE AGENDA: An item may be placed on a future agenda by any of the following methods: (a) Items for discussion only, no action, no staff report – a Councilmember may request that a matter requiring significant discussion be placed on a future agenda under the “Mayor and Councilmembers’ Items” section of the agenda either during a Council meeting or by contacting the City Manager with the item title and desired meeting date. At tThe requesting Councilmember’s has the option to, s/he may prepare a short report to be included in the agenda packet provided s/he meets the agenda production deadlines are met. (b) Items for discussion and/or vote requiring a staff report - a Councilmember who wishes to place a matter on a future agenda that requires staff research, analysis and/or report(s) or a vote to commit City resources shall first bring the matter to Council as noted in (a) above and obtain Council consensus to direct staff to move forward and place the item on a future agenda. Council shall not take action on the matter itself. (c) By the Mayor, City Manager or City Attorney. 3. PRESIDING OFFICER 3.1 PRESIDING OFFICER: The Mayor shall be the Presiding Officer at all meetings of the Council. In the 264 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 11 of 22 absence of the Mayor, the Mayor Pro Tempore shall preside. In the absence of both the Mayor and the Mayor Pro Tempore, the senior Councilmember shall preside. If there are two Councilmembers with equal seniority, then the one who received the highest number of votes in the election shall be the Presiding Officer. 3.2 MAYOR PRO TEMPORE: In accordance with Government Code sSection 36801, the Council shall choose one of its members as Mayor Pro Tempore at the meeting at which the declaration of the election results for a general municipal election is made. During odd numbered years, the Council shall choose one of its members as Mayor Pro Tempore during a regular meeting in the last calendar quarter of the year. Each selection shall be by three (3) or more affirmative votes, and a failure to achieve such total of affirmative votes, shall be deemed a selection of the incumbent to remain in office. Each person so selected shall serve until a successor is chosen (at any time) by three (3) or more affirmative votes. 3.3 CALL TO ORDER: The meeting of the City Council shall be called to order by the Presiding Officer. 3.4 PARTICIPATION OF PRESIDING OFFICER: The Presiding Officer may move, second, and debate from the Chair, subject only to such limitations of debate as are imposed on all Councilmembers of the City Council., and he/she/them The Presiding Officer shall not be deprived of any of the rights and privileges of a Councilmember of the City Council by reason of acting as Presiding Officer. However, the Presiding Officer is primarily responsible for the conduct of the meeting. If s/he the Presiding Officer desires to personally engage in extended debate on questions before the Council, s/hethe Presiding Officer should consider turning the Chair over to the Mayor Pro Tempore. 3.5 QUESTION TO BE STATED: The Presiding Officer shall verbally restate each question immediately prior to calling for the vote. Following the vote, either the Presiding Officer or the City Clerk shall verbally announce the result in accordance with Section 7.1 below. The Presiding Officer may publicly state the effect of the vote for the benefit of the audience before proceeding to the next item of business. 3.6 SIGNING OF ORDINANCES AND RESOLUTIONS: The Presiding Officer shall sign ordinances and resolutions adopted by the City 265 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 12 of 22 Council. The City Clerk, or Deputy City Clerk, shall attest to the signature of the Presiding Officer. 3.7 MAINTENANCE OF ORDER: The Presiding Officer is responsible for the maintenance of order and decorum at all times. No person is allowed to speak who has not first been recognized by the Presiding Officer. All questions and remarks shall be addressed to the Presiding Officer. 3.8 CITY CLERK POSITION: In accordance with Government Code Section 36804, if the City Clerk is absent, the Deputy City Clerk shall act. If there is none, the Presiding Officer shall appoint one of the Councilmembersa City staff member to act as City Clerk Pro Tempore. 4. RULES, DECORUM, AND ORDER 4.1 POINTS OF ORDER: The Presiding Officer, with the advice of the City Manager and City Attorney, shall determine all Points of Order, which shall generally be governed by Robert’s Rules of Order, if not otherwise governed by these Rules of Procedure. The Presiding Officer’s ruling shall be subject to the right of any member to appeal to the Council. If any appeal is taken, the question shall be, "Shall the decision of the Presiding Officer be sustained?" in which event a majority vote shall govern and conclusively determine such question of order. 4.2 DECORUM AND ORDER - COUNCIL MEMBERS: (a) Any Councilmember desiring to speak shall address the Presiding Officer and, upon recognition by the Presiding Officer, shall confine him/herself to the question under debate. (b) A Councilmember, once recognized, shall not be interrupted while speaking unless called to order by the Presiding Officer; unless a Point of Order is raised by another Councilmember; or unless the speaker chooses to yield to questions from another Councilmember. (c) Any Councilmember called to order while s/he is speaking shall cease speaking immediately until the question of order is determined. If ruled to be in order, s/the member shall be permitted to proceed. If ruled to be not in order, s/he the member shall remain silent or shall alter his/her/their remarks so as to comply with rules of the Council. 266 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 13 of 22 (d) CouncilmMembers shall accord the utmost courtesy to each other, to city employees, and to the public appearing before the Council and shall refrain at all times from rude and derogatory remarks, reflections as to integrity, abusive comments, and statements as to motives and personalities. (e) Any Councilmember may move to require the Presiding Officer to enforce the rules and the affirmative vote of a majority of the Council shall require the Presiding Officer to so act. (f) Except where specifically authorized by City Council action or for purely ceremonial purposes, no Councilmember of the City Council attending a City board, commission, or committee meeting shall make any statement or give the appearance or indicate in any way that s/he/she/they is representing the City. When making a comment at such a meeting, the Councilmember should make it clear that s/he/she/they is speaking solely as an individual. Unless officially appointed to participate on a committee, Councilmembers should make an effort not to insert themselves into or take positions on matters which will or are likely to be the subject of public hearings or will be decided upon by the City Council after considering the entire issue. 4.3 DECORUM AND ORDER - EMPLOYEES: City Eemployees and Ccontractors shall observe the same rules of procedure and decorum applicable to members of the Council. The City Manager shall ensure that all City employees observe such decorum. Any staff members, including the City Manager, desiring to address the Council or members of the public shall first be recognized by the Presiding Officer. All remarks shall be addressed to the Presiding Officer and not to any one individual Councilmember or member of Council or the public. 4.4 DECORUM AND ORDER - PUBLIC: Members of the public attending Council meetings shall observe the same rules of order and decorum applicable to the Council. Any person making impertinent and slanderous remarks or who becomes boisterous while addressing the Council or while attending the Council meeting shall be removed from the room if the sergeant-of-arms is so directed by the Presiding Officer, and such person may be barred from further audience before the Council. Unauthorized remarks from the audience, stamping of feet, whistles, yells, and similar demonstrations shall not be permitted by the Presiding Officer, who may direct the sergeant- of-arms to remove such offenders from the room. Aggravated cases shall be prosecuted on appropriate complaint signed by the Presiding Officer. 4.5 ENFORCEMENT OF DECORUM: 267 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 14 of 22 The head of the City's police agency or designee shall be ex-officio sergeant-of- arms of the Council. S/The sergeant-of-arms shall carry out all orders and instructions given by the Presiding Officer for the purpose of maintaining order and decorum during a public meetingin the Council Chambers. Upon instructions from the Presiding Officer, it shall be the duty of the sergeant-of- arms or his/her/their representative to eject any person from the Council Chambers or place him/herany person under arrest or both. As set forth in the Brown Act [Government Code Ssection 54957.9], in the event that any meeting is willfully interrupted by a group or groups of persons so as to render the orderly conduct of such meeting unfeasible and order cannot be restored by the removal of individuals who are willfully interrupting the meeting, the members of the Council may order the meeting room cleared and continue in session. Only matters appearing on the agenda may be considered in such a session. Duly accredited representatives of the press or other news media, except those participating in the disturbance, shall be allowed to attend any session held pursuant to this section. Nothing in this section shall prohibit the Council from establishing a procedure for readmitting an individual or individuals not responsible for willfully disturbing the orderly conduct of the meeting. 4.6 PERSONAL PRIVILEGE: The right of a member to interrupt a meeting and address the Council on a question of personal privilege shall be limited to cases in which his/her/their integrity, character, or motives are assailed, questioned, or impugned. 4.7 CONFLICT OF INTEREST: All Councilmembers of the City Council are subject to the provisions of California State Llaw, such as Chapter 7, Title 9, of the California Government Code, relative to conflicts of interest, and to conflicts of interest codes adopted by the Council. Any Councilmember disqualified from voting because of a conflict of interest shall do all of the following: (1) Publicly identify the financial interest in detail sufficient to be understood by the public; (2) Recuse himself/herself/themselves from discussing and voting on the matter; and (3) Leave the dais until after the discussion, vote, and any other disposition of the matter is concluded, unless the matter has been placed on the Consent Calendar. Any Councilmember disqualified from voting due to a conflict of interest may 268 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 15 of 22 speak on the issue during the time that the general public speaks on the issue from the public podium [Government Code section 87105(a)]. The member shall be marked absent from the vote for the item on the minutes, unless the item is on the Consent Calendar, in which case, the member will be marked as having abstained. 4.8 LIMITATION OF DEBATE: Any members should speak only once upon any one subject until every other member choosing to speak thereon has spoken. No member shall speak for a longer time than five (5) minutes each time s/the member has the floor, without approval of a majority vote of the Council. 4.9 DISSENTS AND PROTESTS: Any member shall have the right to express dissent from or protest to any action of the Council and have the reason entered in the minutes. If such dissent or protest is desired to be entered in the minutes, this should be made clear by language such as, "I would like the minutes to show that I am opposed to this action for the following reason . . .” 4.10 PROCEDURES IN ABSENCE OF RULES: In the absence of a rule herein to govern a point or procedure, Robert's Rules of Order, Newly Revised, shall be used as a guide. 4.11 RULINGS OF PRESIDING OFFICER FINAL UNLESS OVERRULED: In presiding over Council meetings, the Presiding Officer shall decide all questions of interpretation of these rules, points of order or other questions of procedure requiring rulings. Any such decision or ruling shall be final unless overridden or suspended by a majority vote of the Councilmembers of the City Council present and voting. 5. ADDRESSING THE COUNCIL 5.1 MANNER OF ADDRESSING THE COUNCIL: Any member of the public desiring to address the Council (“public speaker”) shall proceed to the podium and wait to be recognized by the Presiding Officer. After being recognized, s/the public speaker shall state his/her/their name and/or the party s/he/she/they is/are representing (unless otherwise determined by the city attorney to be unnecessary), the subject s/the public speaker wishes to discuss, and city of residence. 269 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 16 of 22 All remarks and questions shall be addressed to the Presiding Officer and not to any individual Councilmember of the City Council, staff member, or other person. The Presiding Officer shall be addressed at all times as Madam/Mister [title], e.g. Madam Mayor, Mr. Mayor Pro Tem. CouncilmMembers of the City Council shall be addressed as Councilmember [last name]. The Council as a body shall be addressed: Madam/Mister Mayor and Members of the City Council. The Presiding Officer shall not permit any communication, oral or written, to be made or read where it is not within the subject matter jurisdiction of the City Council. During a public hearing, all remarks shall be limited to the subject under consideration. No person shall enter into any discussion without being recognized by the Presiding Officer. 5.2 TIME LIMITATION: For time limitation applicable to public hearings and public comment, see Sections 2.5 and 2.6. 5.3 ADDRESSING THE COUNCIL AFTER MOTION IS MADE: After a motion has been made, or after a public hearing has been closed, no member of the public shall address the Council without first securing permission by a majority vote of the Council. 5.4 PERSONS AUTHORIZED TO BE WITHIN PLATFORM: No person except City Officials shall be permitted behind the City Council dais without permission or consent of the Presiding Officer. 6. MOTIONS 6.1 PROCESSING OF MOTIONS: When a motion is made and seconded, it shall be stated by the Presiding Officer before debate. A motion so stated shall not be withdrawn by the mover without the consent of the person seconding it. 6.2 MOTIONS OUT OF ORDER: The Presiding Officer may at any time, by majority consent of the Council, permit a Councilmember to introduce an ordinance, resolution, or motion out of the regular agenda order. 6.3 DIVISION OF QUESTION: 270 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 17 of 22 If the question contains two or more divisional propositions, the Presiding Officer may, and upon request of a member shall (unless appealed), divide the same. 6.4 PROCEDURE OF MOTIONS: When a motion is before the Council, no motion shall be entertained except the following, which shall have precedence in the following order: (a) Adjourn (b) Fix hour of adjournment (c) Table (d) Limit or terminate discussion (e) Amend (f) Postpone 6.5 MOTION TO ADJOURN: (not debatable) A motion to adjourn shall be in order at any time, except as follows: (a) When repeated without intervening business or discussion. (b) When made as an interruption of a member while speaking. (c) When discussion has been ended, and vote on motion is pending. (d) While a vote is being taken. 6.6 MOTION TO FIX HOUR OF ADJOURNMENT: Such a motion shall be to set a definite time at which to adjourn and shall be debatable and shall be amendable by unanimous vote. 6.7 MOTION TO TABLE: A motion to table shall be used to temporarily by-pass the subject. A motion to table shall be undebatable and shall preclude all amendments or debate of the subject under consideration. If the motion shall prevail, the matter may be "taken from the table" at any time prior to the end of the next regular meeting. 6.8 MOTION TO LIMIT OR TERMINATE DISCUSSION: Such a motion shall be used to limit or close debate on, or further amendment to, the main motion and shall be undebatable. If the motion fails, debate shall be reopened; if the motion passes, a vote shall be taken on the main motion. 6.9 MOTION TO AMEND: A motion to amend shall be discussed only as to the amendment. A motion to 271 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 18 of 22 amend an amendment is possible but no additional motions to further amendments may be made. Any amendment shall relate to the original motion and not introduce a different matter. Amendments shall be voted first, then the main motion as amended. Alternatively, the original maker of the main motion may agree to revise the original motion and if the second agrees to second the revised motion, the Council may vote on the main motion as revised. VOTING PROCEDURE 7.1 VOTING PROCEDURE: In acting upon every motion, the vote shall be taken by electronic voting and the Presiding Officer or the City Clerk shall verbally announce: (1) Whether the question carried or was defeated; (2) The vote tally; and (3) The vote of each Member. In the event the electronic voting machine is not functioning, the vote shall be taken by roll call. The vote on each motion shall then be entered in full upon the record. The order of voting shall be alphabetical with the Mayor voting last. The City Clerk shall call the names of all members seated when a roll call vote is ordered or required. Members shall respond 'aye', 'no' or 'abstain'. Every ordinance and resolution, orders for franchises or payments of money, or adoption or amendment of a specific or general plan require three (3) affirmative votes. Any member may change his/her/their vote before the next order of business. 7.2 ABSTENTIONS AND FAILURE TO VOTE: A Councilmember who abstains due to reasons of conflict shall, for purpose of the item under consideration, be considered as if absent. A Councilmember abstaining for reasons other than conflict shall be counted as present for purposes of a quorum and such abstentions are counted with the majority. A Councilmember who leaves the dais solely to avoid participating in a specific item shall, in absence of a conflict, be counted as if they were present but abstaining, and such abstentions are also counted with the majority as noted above. 7.3 RECONSIDERATION: 272 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 19 of 22 Any Councilmember who voted with the majority may move a reconsideration of any action at the same meeting or, within seven (7) calendar days, request in writing to the City Manager or City Clerk that it be agendized for consideration at the following meeting. If the seventh 7th calendar day falls on a holiday, then the deadline shall be the next business day. In the event that the subject of the reconsideration is a motion that failed as the result of a tie vote, any Councilmember who voted against the earlier motion may move for reconsideration within the same seven (7) calendar day period. If the motion to reconsider passes, then the original item may be reconsidered at that time or agendized for the next meeting that meets any applicable noticing requirements. After a motion for reconsideration has once been acted upon, no other motion for reconsideration thereof shall be made without unanimous consent of the Council. 7.4 TIE VOTES: Tie votes shall be lost motions unless an additional motion is made which obtains a majority vote to break the tie. When all Councilmembers of the Council are present, a tie vote on whether to grant an appeal from official action shall be considered a denial of such appeal. If a tie vote results at a time when less than all members of the Council are present, the matter shall automatically be continued to the agenda of the next regular meeting of the Council, unless otherwise ordered by the Council. Notwithstanding the above, if a tie vote results at a time when one or more Councilmember(s) are abstaining for reasons other than conflict of interest then, in that instance, the abstention vote shall be counted in favor of the motion thereby breaking the tie vote. 8. RESOLUTIONS 8.1 DEFINITIONS: As a rule of thumb, it can be said that legislative acts of the City Council (usually a rule of public conduct for long-term application) are taken by ordinance, whereas more routine business and administrative matters (usually more temporary and transitory in nature) are accomplished by "the adoption of resolutions". The term "resolution" in its general sense will denote any action taken affirmatively via a vote of the Council, other than one taken by ordinance. As used in this City, however, two (2) terms are in general use to denote such (non-ordinance) actions: "resolution” and "motion" (thereafter recorded by minute entry). Technically, bBoth actions are equally as legally effective and binding,; they just vary in the formality of respective memorialization. The most formal is referred to locally as a "“resolution"”. Generally, the form of a “resolution”This is a written document with a clearly 273 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 20 of 22 identifiable an uniform, format, memorializing the action taken by Council, which is, in addition to being referenced in the minutes, will be recorded by a separate document, numbered in sequence according to year adopted, and preserved in a separate set of books; this separate document is in addition to being recorded by an item entry in the minutes of the meeting at which it was accomplished. Such "“rResolutions"” are used in this City for various reasons, such as when specifically required by law, when needed as a separate evidentiary document to be transmitted to another governmental agency, or where the frequency of future reference back to its contents warrants a separate document (with the additional "“whereas"” explanatory material it often recites) to facilitate such future reference and research. AA “motion” or “minute order,” as used locally denotes a Council action which is recorded simply by an item entry in the minutes of the meeting at which it was accomplished, without the formality of aand no separate document is made to memorialize it, unless it is a motion to adopt an ordinance or resolution. 8.2 RESOLUTIONS PREPARED IN ADVANCE: Where a resolution has been prepared in advance, the procedure shall be: motion, second, discussion, vote pursuant to methods prescribed in Section 7.1 above, and result declared. It shall not be necessary to read a resolution in full or by title except to identify it. Any member may require that the resolution be read in full. 8.3 RESOLUTIONS NOT PREPARED IN ADVANCE: Where a resolution has not been prepared in advance, the procedure shall be to instruct the City Manager or the City Attorney to prepare a resolution for presentation at the next Council meeting. 8.4 URGENCY RESOLUTIONS: In matters of urgency, a resolution may be presented verbally in motion form together with instructions for written preparation for later execution. After the resolution has been verbally stated, the voting procedure in Section 8.2 above shall be followed. ORDINANCES 9.1 INTRODUCTION AND ADOPTION OF ORDINANCES: Ordinances shall not be passed within five (5) days of their introduction, nor at other than a regular meeting or at an adjourned regular meeting [Government Code section 36934]. However, an urgency ordinance may be passed 274 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 21 of 22 immediately upon introduction and either at a regular or special meeting. When ordinances, other than urgency ordinances, are altered after introduction, they shall be passed only at a regular or at an adjourned regular meeting held at least five days after alteration. Corrections of typographical or clerical errors are not alterations within the meaning of this section. 9.2 EFFECTIVE DATE: Except as provided otherwise by law, all ordinances shall take effect 30 days after their final passage [Government Code section 36937] but may be made operative at such later date as may be designated in the ordinance. 9.3 PUBLISHING: It shall be the duty of the City Clerk to post or publish all ordinances in accordance with Section 36933 of the Government Code within 15 days after adoption. 10. POLITICAL ACTIVITIES Councilmembers Incumbents shall not use, or attempt to use, their position, office or authority to influence, aid or obstruct any City employee from securing any position, nomination, confirmation or promotion, or change in compensation or position in the City upon consideration or condition that the vote or political influence or action of such person or another shall be given or used in behalf of, or withheld from, any candidate, officer, or party, or upon any other corrupt condition or consideration. This prohibition shall apply to urging or discouraging the individual employee's action. A CouncilmemberIncumbents or candidates shall not, directly or indirectly, solicit political funds or contributions, knowingly, from other officers or employees of the local agency or from persons on an employment list of the City, with the knowledge that the person from whom the contribution is solicited is an officer or employee of the City. This section shall not prohibit the Councilmember from requesting political contributions from officers or employees of the City if the solicitation is part of a solicitation made to a significant segment of the public, which may include officers or employees of the City. No Councilmember Incumbents or candidates shall not engage in political activity during working hours in City offices or work areas where such activity would disrupt the workplace. For purposes of this section, City offices, or work areas includes the areas behind the public counters but excludes the Council Chamber and offices of the City Council. 275 Resolution No. 2022 – xxx Rules of Procedure for Public Meetings – Amended and Restated for La Quinta City Council Adopted: _______________, 2022 Page 22 of 22 11. AUTHORITY TO BIND THE CITY No member of the City Council, officer, official, employee, agent or consultant of the City, without the majority vote of the Council, or unless otherwise provided in these Rules of Procedure or by resolution of the Council, shall have any power or authority to bind the City by any contract, to pledge its credits, or to render it liable for any purpose in any amount. 12. EXECUTION OF CONTRACTS, DEEDS, AND OTHER DOCUMENTS Except as otherwise authorized by resolution of the City Council, either the Mayor or City Manager, or in the absence of both, such person as the City Manager may designate in writing pursuant to La Quinta Municipal Code sections 2.08.050 and 2.08.060, shall sign all contracts, deeds and other written instruments on behalf of the City when such have been approved by the City Council. The City Clerk shall attest to the signature of the signer, unless attestation is not required. 13. RULES DIRECTORY To the extent not required by State laws, these Rrules of pProcedure shall be considered directory only; and compliance herewith shall not be considered mandatory or jurisdictional. 276 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: DISCUSS SHORT-TERM VACATION RENTAL PROGRAM CHARACTERISTICS, COMPLIANCE, AND ENFORCEMENT OVERVIEW FOR 2021 AND FIRST HALF OF 2022 CALENDAR YEARS; AND POTENTIAL FISCAL AND ECONOMIC IMPACTS OF THE INITIATIVE MEASURE ENTITLED “PHASE-OUT AND PERMANENT BAN OF NON-HOSTED SHORT-TERM VACATION RENTALS IN NON-EXEMPT AREAS OF THE CITY OF LA QUINTA,” BY DECEMBER 31, 2024, TO THE CITY’S OPERATIONS AND BUDGET PROJECTIONS RECOMMENDATION Discuss the Short-Term Vacation Rental program characteristics, compliance, and enforcement overview for 2021 and first half of 2022 calendar years; and potential fiscal and economic impacts of the initiative measure entitled “Phase-Out and Permanent Ban of Non-Hosted Short-Term Vacation Rentals in Non-Exempt Areas of the City of La Quinta,” by December 31, 2024, to the City’s operations and budget projections. EXECUTIVE SUMMARY  On May 20, 2021, Section 3.25.055 of the La Quinta Municipal Code (LQMC) established a permanent ban on the issuance of new short-term vacation rental (STVR) permits in residential areas (Permit Ban), unless the property is located within an “exempt” area depicted on the map in Attachment 1.  New permits have not been issued outside of exempt areas since August 4, 2020; existing permit-holders in Permit Ban areas may renew permits, but permits cannot be transferred.  Since January 2021 the number of permits and STVR density in Permit Ban areas has declined by 23.63% due to the Permit Ban combined with attrition related to home sales and non-renewals.  Included are projections of anticipated fiscal impacts to the City’s operations and budge stemming from the initiative measure proposing to phase-out and permanently ban of non-hosted STVRs, as defined, in non-exempt areas of the City (Initiative), by December 31, 2024. FISCAL IMPACT – None. STUDY SESSION ITEM NO. 2 277 BACKGROUND/ANALYSIS The City imposed a moratorium on the issuance of new STVR permits on August 4, 2020, via Executive Order No. 10, and extended it in succeeding amendments. Section 3.25.055 of the LQMC established a permanent Permit Ban on the issuance of new STVR permits in residential areas (Permit Ban areas) effective May 20, 2021. Permit-holders may renew existing permits, but permits cannot be transferred. The issuance of new STVR permits is banned in Permit Ban areas, and no new permits have been issued since August 4, 2020. New permits continue to be issued in a few select “Exempt Areas” zoned for tourist commercial, village commercial, and communities expressly developed to allow STVRs, as depicted on the map in Attachment 1. In 2021, the City began reporting enhanced analytics related to the STVR program. Below is a summary report of the STVR program for the 1st half of 2022 (January – June) and a comparison to 2022 calendar year, including characteristics, compliance, and enforcement. The City’s STVR program consisted of 1,167 active permits as of June 2022. Figure 1 Figure 2 19 56 1,092 0 200 400 600 800 1,000 1,200 Homeshares Primary Residence General Permits June 2022 STVR Permits by Type Total Permit: 1,167 1320 1238 1216 1181 1165 1161 1167 Jan-21 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 2021-22 STVR PERMITS CITYWIDE 278 Table 1 below lists the number of STVR permits for each area along with the total number of approved parcels for calendar year 2021 and first half of 2022 and shows a decline of 245 STVR permits in Permit Ban areas due to permit attrition related to home sales and non-renewals, and an increase of 98 STVR permits in Exempt Areas. Table 1 Within the residential Permit Ban areas, as of June 2022, active STVR permits have collectively declined 23.63% (from 1,037 to 792) since January 2021: Permit Ban Area Permits Density % Change since Jan ‘21 North La Quinta 110 4.3% -19.71% Mid La Quinta 97 9.5% -30.71% The Cove 245 5.2% -16.10% South La Quinta (PGA West) 340 11.2% -27.35% Totals 792 7.2% -23.63% Figure 3 below depicts the number of STVR permits, on a quarterly basis, within each Permit Ban area for 2021 and 1st half of 2022. Figure 3 137 124 115 112 112 110 110 140 132 127 121 118 109 97 292 276 263 258 252 246 245 468 438 407 375 354 348 340 1,037 970 912 866 836 813 792 JAN-21 MAR-21 JUN-21 SEP-21 DEC-21 MAR-22 JUN-22 STVR Permits in Banned Areas 23.63% Decline since Jan. 2021 North La Quinta Mid La Quinta The Cove South La Quinta (PGA West) 279 STVR density is calculated as a percentage by dividing the number of STVR permits by the number of developed parcels within each area, as listed in Table 1 above. Figure 4 below shows that density in residential Permit Ban areas collectively decreased from 9.14% to 6.98% between January 2021 and June 2022: Figure 4 Figure 5 further depicts the gradual density changes for each residential Permit Ban area from January 2021 through June 2022: Figure 5 9.14%8.55%8.04%7.63%7.40%7.20%6.98% JAN-21 MAR-21 JUN-21 SEP-21 DEC-21 MAR-22 JUN-22 DENSITY IN STVR BANNED AREAS JAN. 2021 - JUN. 2022 5.3%4.8%4.5%4.4%4.4%4.3%4.3% 13.7% 12.9% 12.4%11.8% 11.5%10.7%9.5%6.2%5.9%5.6%5.5%5.3%5.2%5.2% 15.4% 14.4% 13.4%12.3%11.6%11.4%11.2% JAN-21 MAR-21 JUN-21 SEP-21 DEC-21 MAR-22 JUN-22 Density in STVR Banned Areas North La Quinta Mid La Quinta The Cove South La Quinta (PGA West) 280 STVR Program Compliance Overview The City’s STVR program consists of several interdependent activities such as permitting, licensing, tax collection, and compliance. This section focuses on specific compliance functions, which include managing complaints, conducting investigations, and enforcement (violations, citations, and suspensions). Figure 6 below depicts citywide STVR complaints for the 1st half of 2022 categorized by permitted vs. unpermitted properties. Of note:  Complaints to unpermitted STVR properties increased during the festivals period (March-May 2022) being the relative majority at 66%. Figure 6 Figures 7 below depicts a quarterly comparison of citywide STVR complaints for 2021 and 2022 showing a decline of complaints of 78% in Q-1 and a 63% decline in Q-2. Figure 7 13 10 6 17 24 15125 25 39 26 8 25 15 31 56 50 23 0 10 20 30 40 50 60 JAN-22 FEB-22 MAR-22 APR-22 MAY-22 JUN-22 2022STVRComplaintsCitywide Permitted STVRs Unpermitted STVRs 324 348 294  85  71 129 ‐ ‐  ‐  50  100  150  200  250  300  350  400 Q1 Q2 Q3 Q4 YoY Quarterly Complaints 2021 2022 281 Figure 8 depicts citywide STVR complaints for each area: Figure 8 7 13 21 5 7 1399 26 8 1 7 92 107 69 13 9 24 120 81 68 19 30 29 19 23 29 9 3 12 77 115 81 31 21 44 324 348 294 85 0 50 100 150 200 250 300 350 400 Q-1 2021 Q-2 2021 Q-3 2021 Q-4 2021 Q-1 2022 Q-2 2022 2021-2022 STVR Complaints Citywide by Area North La Quinta Mid La Quinta The Cove South La Quinta (PGA West) STVR Exempt Areas HOA Legacy 71 129  282 Enforcement On January 15, 2021, the City implemented several code changes to enhance the STVR program’s compliance tools and increase fines. Subsequently, overall compliance has increased while disturbance complaints have decreased. Figure 9 below depicts quarterly STVR-related citations for 2021 and 2022. Of note:  Similar to the complaints trend, the relative majority of citations during the festivals period (March-May 2022) were issued to unpermitted STVR properties at 76%. Figure 9 Figure 10 below depicts a quarterly comparison of citywide STVR citations for 2021 and 1st half of 2022 showing a decline of citations of 81% in Q-1 and a 66% decline in Q-2. Overall citywide citations for STVR permitted properties has remained low in the last three (3) quarters. Figure 10 1 443 1 4 2 0 7 11 7 3 3 4 11 14 8 7 JAN-22 FEB-22 MAR-22 APR-22 MAY-22 JUN-22 2022 STVR Citations Permitted & Unpermitted Permitted Citations Unpermitted Citations 30 29 20 398 47 57 40 12 9 21 77 86 60 15 18 2021 Q‐1Q‐2Q‐3Q‐4 2022 Q‐1 2022 Q‐2 2021 & 2022 Quarterly STVR Citations Permitted & Unpermitted Permitted Citations Unpermitted Citations 29 283 STVR compliance activities are separated into one of two categories: Disturbance – the majority of disturbance compliance activities are due to noise, generally caused by large events or gatherings, children running/screaming/laughing, popping balloons, construction, slamming doors, etc. Other complaints include excessive parking, bright lights, trash, unsecured pool access, unmaintained yard, etc. Administrative – the overwhelming majority of administrative compliance matters are related to operating/advertising without a STVR permit or business license, or failure to display STVR permit on listings. Others include incorrect or missing occupancy limit advertised on listings; failure to report/remit transient occupancy tax, etc.  55% of all citations in the 1st half of 2022 were issued for administrative matters, as depicted in Figure 11 below (primarily for operating/advertising without a STVR permit or business license, or failure to display STVR permit on listings). Figure 11 52 56 45 13 10 222530 15 287 77 86 60 15 18 2021 Q‐1Q‐2Q‐3Q‐4 2022 Q‐1 2022 Q‐2 2021 & 2022 Quarterly STVR Citations Administrative Vs. Disturbance Administrative Disturbance 29 284 Taxes, Fees, and STVR Program Costs Table 2 provides an overview of annual STVR program revenues for calendar years 2019, 2020, 2021, and 1st half of 2022. Of note:  Despite declining STVR permits, Transient Occupancy Tax (TOT) revenues increased in 2021 and continue to increase in the 1st half of 2022.  In 2021 and 1st half of 2022, Permit Ban areas generate approximately 80% of STVR TOT revenues; and Exempt areas generate approximately 20% of STVR TOT revenues.  Permit/licensing fees and fine collections were sufficient to cover STVR program operational costs in 2021; and projections are on schedule to be sufficient for 2022.  Citation Fine collections spiked in 2020 and 2021 in correlation with enhanced enforcement tools; however, as expected substantially decrease in 2022 as overall compliance increased and has remained steady. Table 2 – * Citation Fine Collections revenue list collections current as of June 30, 2022 Initiative Measure A Notice of Intention to circulate an Initiative proposing the “Phase-Out and Permanent Ban of Non-Hosted Short-Term Vacation Rentals in Non-Exempt Areas in the City of La Quinta,” by December 31, 2024, was filed with the City Clerk/Elections Official on January 12, 2022. On April 21, 2022, the proponents filed petitions regarding the Initiative, which were submitted to the Riverside County Registrar of Voters (ROV) for full signature verification on April 26, 2022. On June 3, 2022, the ROV submitted to the City Clerk/Elections Official a Certificate of Sufficiency of the Initiative, which was certified by Council on June 7, 2022. 285 On March 15, 2022, as authorized and pursuant to Elections Code section 9212, the Council ordered a report to assess the fiscal, economic, and related impacts of the Initiative. On May 24, 2022, the City Clerk/Elections Official received the economic report, which was presented to Council on June 7, 2022. On June 7, 2022, Council adopted resolutions to submit to the qualified voters of the City the Initiative; and set priorities for filing written arguments and rebuttal arguments. On June 7, 2022, Council directed staff to prepare projections of the potential fiscal impact on the City’s operations, budget, and local economy, if the Initiative is approved. On August 2, 2022, Council will receive a report that will address the potential fiscal and economic impacts on the local economy. At this meeting, Staff has prepared the enclosed 10-year financial projections showing the potential impact on the City’s budget by providing the following scenarios: Scenario No. 1 – provides an extremely conservative 10-year projection of the City’s budget if the Initiative is Approved at the November 2022 election, included as Attachment 2, and depicts as follows: Projections are based on the adopted budget estimates for potential loss of $5 million in STVR TOT, which is extremely conservative given that STVR TOT in 2021 was $5.9 million and current STVR TOT collections for 1st half of 2022 are at $4.3 million, substantially exceeding historic and current budget projections. This conservative approach to the projections of potential STVR TOT loss is due to the recent unstable economic conditions and inflationary pressures expected to occur in the upcoming fiscal year. The projections estimate the City will lose approximately: $1.4 million in sales tax revenues per fiscal year, with a compounding year-over-year increase of 2%; 80% or $4 million dollars of TOT generated by the non-exempt STVRs; 81% or $753,600 dollars of STVR permit fees. These three (3) categories combined render a potential loss in revenue of $6,150,000 million, which accounts for approximately 10% of the City’s annual budget revenue of $68,321,000 million. 286 Further, costs associated with the STVR program management and operations will not change and will need to be subsidized with General Fund revenues, as it will no longer be self-sustainable through STVR permit fees. Another unintended consequence is the likelihood of increased illegal STVR operations. Currently the La Quinta Municipal Code has comprehensive regulations related to STVRs and ample tools to apply enforcement. A ban on STVRs would result in the City’s inability to apply its stricter STVR regulations and fines, unless a STVR stay is confirmed, which is difficult at best if there are no active STVR advertisements; there will be no local contact that can take on the responsibility of resolving an issue, which would require additional use of public safety resources. Code Compliance reached out to the City of Palm Desert and Cathedral City as they are two communities locally that experience a ban or phase-out of STVRS. Both communities, continue to have unpermitted rental activity taking place. Staff will provide additional data and information on its findings during the Council presentation. The City’s ending cash position goes negative at the 3rd-year mark in fiscal year (FY) 2025-26 at approximately $1 million. As of FY 2032-33, the ending cash position is approximately negative $19 million, due to the combined loss of STVR non-exempt revenue and the Redevelopment Agency (RDA) loan repayment of about $3 million ending in FY 2029/30. The City has the option to mitigate its negative cash position by reducing expenses at any time. The table below depicts some savings options that are generally used during economic downturns and/or recessions, to reduce expenses and help balance the City’s budget, such as reducing the City’s Capital Improvement Program (CIP) and no longer making additional appropriations to reduce the City’s PERS unfunded pension liability. As an example, using the City’s adopted budget for FY 2022-23 and the projected revenue losses of sales tax, STVR TOT, and STVR permit fees, the projects below would need to be delayed until other funding sources become available or can be identified: CIP Project Mitigation Budget Savings Pavement Mgmt. Plan St. Improvements reduce annual appropriation from $1.5 to $1 million ($1 million is the min. needed to maintain the City’s current street rating not to jeopardize losing current state grant funding the City receives annually) $ 500,000 Landscape & Lighting Median Island Improvements eliminate entirely $ 500,000 287 Highway 111 Corridor Area Plan Implementation eliminate entirely $ 1,000,000 City Hall Capacity Improvements eliminate entirely $ 550,000 Village Undergrounding Project (Feasibility Study) eliminate entirely $ 100,000 Village Parking Lot eliminate entirely $ 500,000 Phase II Camera System eliminate entirely $ 1,797,000 Smart Infrastructure Improvements (Feasibility Study / Plan) eliminate entirely $ 250,000 PERS Unfunded Pension Liability eliminate entirely additional annual payments $ 1,000,000 TOTAL BUDGET SAVINGS: $ 6,197,000 Another savings option would be to reduce or eliminate City-funded events, such as the Brew in LQ lifestyle event and reduce the Concerts in the Park series from 6 to 4. Scenario No. 2– provides a conservative 10-year projection of the City’s budget if the Initiative is Not Approved at the November 2022 election, included as Attachment 3, and depicts as follows: There is no anticipated loss of sales tax, STVR TOT revenue, or STVR permit fees. This organic attrition of STVR permits in Permit Ban areas will allow for a gradual and smoother transition, as it will allow time for new STVR units in Exempt Areas to come online and replenish revenue streams. The City’s ending cash position goes negative at the 6th-year mark in FY 2028-29 at approximately $870,000 as expenditure costs exceed revenue projections. Reducing expenditures will still need to be addressed, however, not as drastically as shown in the projections of Scenario No. 1 above. Measure G Since inception, Measure G revenue continues to help La Quinta thrive while focusing on the future financial health of the City. To date, over $33 million or 46% of Measure G funds have been allocated to improving citywide infrastructure and public recreational facilities. Public safety services are a priority of the community and have been supported with over $20 million or 29% of Measure G funds, showing the City’s continuing commitment to provide all residents with a safe living environment. 288 Each fiscal year, operational expenses and capital improvements are prioritized, and includes a prudent reserve allocation for operational flexibility. By allocating a portion of revenue to reserves, the City is able to maintain ongoing service levels, while also being prepared in the event of any unforeseen events such as the effects of the pandemic and the recent Dune Palms bridge CIP project funding advanced by the City. The potential impact of the STVR measure ban will significantly impact the use of Measure G revenue as the City will need to utilize it to supplement the rising costs of public safety services and would not be able to include reserve allocations each year that have helped the City maintain ongoing service levels, while also being prepared in the event of any unforeseen events. The chart below depicts the Measure G revenues since its implementation and the allocation of this revenue source to Public Safety, CIP, and Reserves to date: Reserves At this time, all four of the City’s reserve categories are fully funded to policy targets: Natural Disaster, Economic Disaster, Cash Flow, and Capital Replacement A review of the City’s Reserve Policy is scheduled to occur in Fall of 2022 which will also include a review of CalPERS updated actuarial reports for fiscal year ending in 06/30/2021 which will be released in August 2022. The upcoming reserve study will further analyze the current target levels which were originally done during the last reserve study in 2017. As economic conditions have drastically changed since that time, a deep analysis of the City’s current financial position and upcoming needs due to aging additional assets, aging Measure G Uses and reserves: FY Revenue Public Safety Capital Projects Reserves 2016/17 1,462,650$ -$ 1,462,650$ -$ 2017/18 9,967,657$ 300,000$ 8,583,307$ 1,084,350$ 2018/19 10,958,118$ 2,950,000$ 3,624,343$ 4,383,775$ 2019/20 10,310,526$ 2,750,000$ 5,424,382$ 2,136,144$ 2020/21 12,594,389$ 4,545,000$ 525,000$ 7,524,389$ 2021/22* 13,500,000$ 5,163,000$ 10,226,417$ (1,889,417)$ 2022/23 13,500,000$ 5,100,000$ 3,353,000$ 5,047,000$ Totals 72,293,340$ 20,808,000$ 33,199,099$ 18,286,241$ *Bridge advance funding included in Capital Projects column Measure G Summary 289 infrastructure, threat of a recession and/or natural disaster such as a major earthquake, and rising pension costs would increase the existing target levels. Maintaining, regularly updating, and adhering to an appropriately constructed reserve policy is a best practice recognized by the Government Finance Officers Association (GFOA). Consideration of potential risk and other drivers influence the targeted minimum levels in each category. Given the current economic conditions and expenditure projections increasing, an in-depth analysis of these categories will include a review of the following: Current reserve policy and funding and categories; Best practices recommended by accounting standards boards; City demographics, revenues, expenditure volatility, other funds; dependency on the General Fund, growth projections, and unfunded capital projects; City aging infrastructure and vulnerability to extreme events; and Risk mitigation and review of insurance polices The chart below depicts the City’s current Reserve Categories and target funding, which is anticipated to increase by $10 to $15 million following the 2022/23 Reserve Policy study due to the reasons outlined above: Prepared by: Monika Radeva, City Clerk Claudia Martinez, Finance Director Approved by: Jon McMillen, City Manager Attachments: 1.STVR Banned and Exempt Areas Map 2.Budget Projections – if the Initiative is Approved 3.Budget Projections – if the Initiative is Not Approved Committed reserves and estimated unassigned reserves: Reserve Category Current Target Surplus/(Deficit) Cash Flow Reserve 5,000,000 5,000,000 - Natural Disaster Reserve 10,000,000 10,000,000 - Economic Disaster 11,000,000 11,000,000 - Capital Replacement Reserve 10,000,000 10,000,000 - Pension Trust Benefits*10,474,886 10,000,000 474,886 46,474,886 46,000,000 474,886 *Pension trust balance as of 5/31/2022 Balance as of 6/30/2021 24,200,000 Estimated Surplus FY 21/22 7,800,000 RDA Loan Repayment 2,640,000 Bridge Advance Funding -7,470,000 Projected as of 6/30/2022 27,170,000 Estimated Unassigned Fund Balance Amounts appearing in this column are rounded estimates. Unassigned Fund Balance is calculated during the annual audit and can be found on the Balance Sheet- Governmental Funds in the Annual Comprehensive Financial Report (ACFR) 290 (6 (5 (3 (2 (8 (4 (10 (9 (12 (1 (7 (11 SH-111 MADISON ST54TH AVEWASHINGTON ST48TH AVE EISENHOWER DR52ND AVE JEFFERSON STMILES AVE AIRPORT BLVAVENIDA CARRANZA58TH AVE FRED WARING DR 50TH AVE AVENIDA BERMUDASMONROE STFRED WARING DR 50TH AVE JEFFERSON STJEFFERSON ST58TH AVE EISENHOWER DR 58TH AVE ¯ 0 0.45 0.9 1.35 1.80.225 Miles STVR Exempt STVR_exempt_zone North La Quinta Cove Mid La Quinta South La Quinta City Boundary Id name zoning 1 Homewood Suites (La Quinta Desert Villas - Center Pointe) Tourist Commercial (TC) District 2 Legacy Villas Tourist Commercial (TC) District & Development Agreement 3 La Quinta Resort including Spa & Tennis Villas Tourist Commercial (TC) District & Adjacent to TC District 4 Embassy Suites (Casitas Las Rosas)Village Commercial District 5 Village Commercial Village Commercial District 6 SilverRock Specific Plan Tourist Commercial (TC) District - Undeveloped 7 Codorniz Entitlement Approval 8 Signature at PGA West (Haciendas & Jewel)Tourist Commercial (TC) District 9 Puerta Azul Entitlement Approval 10 SW corner Ave 64 & Madison St Tourist Commercial (TC) District - Undeveloped 11 NW corner Ave 64 & Madison St Tourist Commercial (TC) District - Undeveloped 12 Polo Villas Residences Development Agreement ATTACHMENT 1 291 292 ChangeY-O-YCurrent1-year2-years3-years5-years6-years7-years10-yearsCategory% 2022/23 2023/24 2024/25 2025/26 2027/28 2028/29 2029/30 2032/33Sales TaxMeasure G13,500,000$ 13,239,600$ 13,504,392$ 13,774,480$ 14,330,969$ 14,617,588$ 14,909,940$ 15,822,548$ Bradley Burns2% 11,000,000$ 11,220,000$ 11,444,400$ 11,673,288$ 12,144,889$ 12,387,787$ 12,635,542$ 13,408,939$ STVR- Potential Sales Tax Loss-$ -$ (700,000)$ (1,400,000)$ (1,456,560)$ (1,485,691)$ (1,515,405)$ (1,608,160)$ Property Tax2%9,915,000$ 10,113,300$ 10,315,566$ 10,521,877$ 10,946,961$ 11,165,900$ 11,389,218$ 12,086,330$ Transient Occupancy TaxHotel2%7,300,000$ 7,446,000$ 7,594,920$ 7,746,818$ 8,059,790$ 8,220,986$ 8,385,405$ 8,898,659$ Bed & Breakfast/Resort Fees1%475,000$ 479,750$ 484,548$ 489,393$ 499,230$ 504,222$ 509,264$ 524,696$ STVR Exempt5%1,000,000$ 1,050,000$ 1,102,500$ 1,157,625$ 1,276,282$ 1,340,096$ 1,407,100$ 1,628,895$ STVR Non-Exempt1%4,000,000$ 4,040,000$ 4,080,400$ 4,121,204$ 4,204,040$ 4,246,081$ 4,288,541$ 4,418,489$ STVR Non-Exempt- Potential Loss1%-$ 4,040,000$ (4,080,400)$ (4,121,204)$ (4,204,040)$ (4,246,081)$ (4,288,541)$ (4,418,489)$ Fees/Permits1%3,424,300$ 3,458,543$ 3,493,128$ 3,528,060$ 3,598,974$ 3,634,963$ 3,671,313$ 3,782,558$ STVR Fees/Permits Exempt5%188,400$ 197,820$ 207,711$ 218,097$ 240,451$ 252,474$ 265,098$ 306,884$ STVR Fees/Permits Non-Exempt1%753,600$ 761,136$ 768,747$ 776,435$ 792,041$ 799,962$ 807,961$ 832,443$ STVR Fees/Permits Non-Exempt- Potential Loss 1%-$ 761,136$ (768,747)$ (776,435)$ (792,041)$ (799,962)$ (807,961)$ (832,443)$ SilverRock Proceeds20%-$ -$ -$ 500,000$ 720,000$ 864,000$ 1,036,800$ 1,791,590$ Other Revenue1% 16,764,800$ 16,932,448$ 17,101,772$ 17,272,790$ 17,619,973$ 17,796,173$ 17,974,135$ 18,518,769$ Total Adopted Budget68,321,100$ RDA Loan Repayment2,695,746$ 2,749,661$ 2,804,654$ 2,860,747$ 2,976,321$ 3,035,847$ 2,748,258$ -$ Measure A2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ SB 1, Road Maintenance & Rehab Tax950,000$ 950,000$ 950,000$ 950,000$ 950,000$ 950,000$ 950,000$ 950,000$ Total Revenues:73,966,846$ 79,439,394$ 70,303,591$ 71,293,175$ 73,907,279$ 75,284,345$ 76,366,669$ 78,111,706$ Police Services6% 18,072,000$ 19,156,320$ 20,305,699$ 21,524,041$ 24,184,413$ 25,635,477$ 27,173,606$ 32,364,200$ Fire Services5%8,123,000$ 8,529,150$ 8,955,608$ 9,403,388$ 10,367,235$ 10,885,597$ 11,429,877$ 13,231,511$ Operations1%/4% 16,840,158$ 17,446,054$ 18,075,509$ 18,729,459$ 20,114,771$ 20,848,198$ 21,610,251$ 24,079,768$ Administration2%/3% 11,557,516$ 11,880,622$ 12,212,949$ 12,554,764$ 13,267,967$ 13,639,928$ 14,022,527$ 15,237,279$ Capital Improvements3%7,817,000$ 8,051,510$ 8,293,055$ 8,541,847$ 9,062,045$ 9,333,907$ 9,613,924$ 10,505,394$ PERS Unfunded Liability2,241,600$ 1,377,000$ 1,476,400$ 1,539,800$ 1,659,600$ 1,699,600$ 1,740,600$ 1,756,600$ Total Adopted Budget64,651,274$ Measure G Reserves -$ -$ -$ -$ Total Expenses:64,651,274$ 66,440,657$ 69,319,221$ 72,293,299$ 78,656,031$ 82,042,707$ 85,590,784$ 97,174,753$ Ending Cash Position 9,315,572$ 12,998,737$ 984,371$ (1,000,124)$ (4,748,751)$ (6,758,362)$ (9,224,115)$ (19,063,047)$ SCENARIO NO. 1 - IF THE INITIATIVE IS APPROVEDATTACHMENT 2ATTACHMENT 2 293 ChangeY-O-YCurrent1-year2-years3-years5-years6-years7-years10-yearsCategory% 2022/23 2023/24 2024/25 2025/26 2027/28 2028/29 2029/30 2032/33Sales TaxMeasure G13,500,000$ 13,239,600$ 13,504,392$ 13,774,480$ 14,330,969$ 14,617,588$ 14,909,940$ 15,822,548$ Bradley Burns2% 11,000,000$ 11,220,000$ 11,444,400$ 11,673,288$ 12,144,889$ 12,387,787$ 12,635,542$ 13,408,939$ STVR- Potential Sales Tax Loss-$ -$ -$ -$ -$ -$ -$ -$ Property Tax2%9,915,000$ 10,014,150$ 10,114,292$ 10,215,434$ 10,420,765$ 10,524,972$ 10,630,222$ 10,952,328$ Transient Occupancy TaxHotel2%7,300,000$ 7,446,000$ 7,594,920$ 7,746,818$ 8,059,790$ 8,220,986$ 8,385,405$ 8,898,659$ Bed & Breakfast/Resort Fees1%475,000$ 479,750$ 484,548$ 489,393$ 499,230$ 504,222$ 509,264$ 524,696$ STVR Exempt5%1,000,000$ 1,050,000$ 1,102,500$ 1,157,625$ 1,276,282$ 1,340,096$ 1,407,100$ 1,628,895$ STVR Non-Exempt1%4,000,000$ 4,040,000$ 4,080,400$ 4,121,204$ 4,204,040$ 4,246,081$ 4,288,541$ 4,418,489$ STVR Non-Exempt- Potential Loss1%-$ -$ -$ -$ -$ -$ -$ -$ Fees/Permits1%3,424,300$ 3,458,543$ 3,493,128$ 3,528,060$ 3,598,974$ 3,634,963$ 3,671,313$ 3,782,558$ STVR Fees/Permits Exempt5%188,400$ 197,820$ 207,711$ 218,097$ 240,451$ 252,474$ 265,098$ 306,884$ STVR Fees/Permits Non-Exempt1%753,600$ 761,136$ 768,747$ 776,435$ 792,041$ 799,962$ 807,961$ 832,443$ STVR Fees/Permits Non-Exempt- Potential Loss 1%-$ -$ -$ -$ -$ -$ -$ -$ SilverRock Proceeds20%-$ -$ -$ 500,000$ 720,000$ 864,000$ 1,036,800$ 1,791,590$ Other Revenue1% 16,764,800$ 16,932,448$ 17,101,772$ 17,272,790$ 17,619,973$ 17,796,173$ 17,974,135$ 18,518,769$ Total Adopted Budget68,321,100$ RDA Loan Repayment2,695,746$ 2,749,661$ 2,804,654$ 2,860,747$ 2,976,321$ 3,035,847$ 2,748,258$ -$ Measure A2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ SB 1, Road Maintenance & Rehab Tax950,000$ 950,000$ 950,000$ 950,000$ 950,000$ 950,000$ 950,000$ 950,000$ Total Revenues:73,966,846$ 74,539,108$ 75,651,464$ 77,284,371$ 79,833,724$ 81,175,150$ 82,219,581$ 83,836,796$ Police Services6% 18,072,000$ 19,156,320$ 20,305,699$ 21,524,041$ 24,184,413$ 25,635,477$ 27,173,606$ 32,364,200$ Fire Services5%8,123,000$ 8,529,150$ 8,955,608$ 9,403,388$ 10,367,235$ 10,885,597$ 11,429,877$ 13,231,511$ Operations1%/4% 16,840,158$ 17,446,054$ 18,075,509$ 18,729,459$ 20,114,771$ 20,848,198$ 21,610,251$ 24,079,768$ Administration2%/3% 11,557,516$ 11,880,622$ 12,212,949$ 12,554,764$ 13,267,967$ 13,639,928$ 14,022,527$ 15,237,279$ Capital Improvements7,817,000$ 8,051,510$ 8,293,055$ 8,541,847$ 9,062,045$ 9,333,907$ 9,613,924$ 10,505,394$ PERS Unfunded Liability2,241,600$ 1,377,000$ 1,476,400$ 1,539,800$ 1,659,600$ 1,699,600$ 1,740,600$ 1,756,600$ Total Adopted Budget64,651,274$ Measure G Reserves -$ -$ -$ -$ Total Expenses:64,651,274$ 66,440,657$ 69,319,221$ 72,293,299$ 78,656,031$ 82,042,707$ 85,590,784$ 97,174,753$ Ending Cash Position 9,315,572$ 8,098,451$ 6,332,244$ 4,991,072$ 1,177,693$ (867,557)$ (3,371,204)$ (13,337,956)$ SCENARIO NO. 2 - IF THE INITIATIVE IS NOT APPROVEDATTACHMENT 3ATTACHMENT 3 294 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPOINT UP TO TWO MEMBERS OF THE CITY COUNCIL TO PREPARE WRITTEN ARGUMENTS FOR OR AGAINST, AND REBUTTAL ARGUMENTS, ON BEHALF OF THE CITY COUNCIL, RELATED TO THE INITIATIVE ORDINANCE AND BALLOT MEASURE PROPOSING THE PHASE-OUT AND PERMANENT BAN OF NON-HOSTED SHORT-TERM VACATION RENTALS, AS DEFINED, IN NON-EXEMPT AREAS OF THE CITY OF LA QUINTA BY DECEMBER 31, 2024 RECOMMENDATION Appoint up to two Members of the City Council to prepare written arguments for or against, and rebuttal arguments, on behalf of the City Council, related to the initiative ordinance and ballot measure proposing the Phase-Out and Permanent Ban of Non-Hosted Short-Term Vacation Rentals, as defined, in Non-Exempt Areas of the City of La Quinta by December 31, 2024. EXECUTIVE SUMMARY A Notice of Intention to circulate an initiative petition proposing the “Phase-Out and Permanent Ban of Non-Hosted Short-Term Vacation Rentals in Non-Exempt Areas in the City of La Quinta” (Initiative), by December 31, 2024, was filed with the City Clerk/Elections Official on January 12, 2022. On April 21, 2022, the proponents filed petitions regarding the Initiative, which were submitted to the Riverside County Registrar of Voters (ROV) for full signature verification on April 26, 2022. On June 3, 2022, the Riverside County Registrar of Voters (ROV) submitted to the City Clerk/Elections Official a Certificate of Sufficiency of the Initiative, which was certified by Council on June 7, 2022. On June 7, 2022, Council adopted resolutions to submit to the qualified voters of the City the Initiative and set priorities for filing written arguments and rebuttal arguments. FISCAL IMPACT – None. BUSINESS SESSION ITEM NO. 1 295 BACKGROUND/ANALYSIS On April 21, 2022, the proponents filed the petition with the City Clerk/Elections Official pursuant to Elections Code section 9210, which was submitted to the ROV on April 26, 2022, for full signature verification per Elections Code section 9211. The results of the signature verification conducted by the ROV established that the petition had received a sufficient number of signatures, and on June 3, 2022, the ROV submitted to the City Clerk/Elections Official a Certificate of Sufficiency of the Initiative, which was certified by Council on June 7, 2022. On June 7, 2022, Council adopted resolutions to submit to the qualified voters of the City the Initiative and following ballot question: On June 7, 2022, the Council also set priorities for filing written arguments and rebuttal arguments; and directed the City Attorney to prepare an impartial analysis regarding the Initiative. Arguments and rebuttals are governed by Elections Code sections 9282-9287. For measures placed on the ballot by petition of the City’s voters, like the Initiative, the persons filing the Initiative may file a written argument in favor of the ordinance, and the Council may submit an argument against it (Elections Code section 9282). If more than one argument for or more than one argument against the Initiative is timely submitted to the City Clerk/Elections Official, the City Clerk/Elections Official must select one of the arguments in favor and one of the arguments against the Initiative for printing and distribution to the voters. In selecting the argument, the following preference and priority applies, in the order listed: (1) The legislative body, or member or members of the legislative body authorized by that body; (2) The individual voter, or bona fide association of citizens, or combination of voters and associations, who are the bona fide sponsors or proponents of the measure; (3) Bona fide associations of citizens; and (4) Individual voters who are eligible to vote on the measure (Elections Code section 9287). Shall the measure, proposing to phase-out and permanently ban “non-hosted short-term vacation rentals,” as defined, in non-exempt areas of the City of La Quinta by December 31, 2024, be adopted? YES NO 296 Arguments must be 300 words or less, and rebuttals must be 250 words or less. Because the General Municipal Election will be consolidated with the Statewide General Election, the ROV has provided the following deadlines by which arguments and rebuttals are due: August 22, 2022 – last day to file arguments August 23 – September 1, 2022 – public examination period September 1, 2022 – last day to file rebuttals to arguments The impartial analysis is governed by Elections Code section 9280. The City Attorney is required to show the effect of the Initiative on existing law and the operation of the Initiative if adopted. The impartial analysis must be 500 words or less and will be printed preceding the arguments for and against the measure in the ballot pamphlet. As required by state law, the impartial analysis will be prepared and submitted independently from any arguments or rebuttal arguments for or against the Initiative. Up to two Members of the City Council may be appointed to prepare written arguments for or against, and rebuttal arguments regarding the Initiative on behalf of the Council. The written arguments prepared by the two appointed Members of the Council may be scheduled to be “received and filed” by Council at the August 2, 2022, regular Council meeting, or at a later special Council meeting to be held before August 22, 2022. Likewise, the rebuttal arguments may be scheduled to be “received and filed” by Council, after preparation, at a later special Council meeting to be held before September 1, 2022. ALTERNATIVE Council may elect not to submit an argument against the Initiative, in which case the priority for arguments and rebuttal arguments will be governed by Elections Code section 9287, outlined above. Prepared by: Monika Radeva, City Clerk/Elections Official Approved by: Jon McMillen, City Manager 297 298 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: INTRODUCE AN ORDINANCE AMENDING CHAPTER 2.60 OF THE LA QUINTA MUNICIPAL CODE RELATING TO THE CONFLICT OF INTEREST CODE, AND APPROVE THE CALIFORNIA FAIR POLITICAL PRACTICES COMMISSION’S 2022 LOCAL AGENCY BIENNIAL NOTICE RECOMMENDATION A) Move to take up Ordinance No. ___ by title and number only and waive further reading. B) Move to introduce at first reading Ordinance No. ____ amending Chapter 2.60 of the La Quinta Municipal Code relating to the City’s conflict of interest code. C) Move to approve and accept the California Fair Political Practices Commission’s 2022 Local Agency Biennial Notice. EXECUTIVE SUMMARY The Political Reform Act (PRA) requires every local government to review its Conflict of Interest Code (Code) biennially and submit the Local Agency Biennial Notice (Attachment 1) to the Code reviewing body. The City Council is the code reviewing body for the City. The purpose of the Code is to specifically designate positions that make or participate in the making of governmental decisions, which may foreseeably have a material effect on any financial interests of the persons holding those positions. City officials in the positions designated on the attached ordinance must disclose their financial interests annually and refrain from participation in any decision(s) that may affect them financially. The annual Statement of Economic Interest filings are the basis for the transparency that California’s PRA requires of public officials. Statements of Economic Interest are public documents filed with the City Clerk. FISCAL IMPACT – None. BUSINESS SESSION ITEM NO. 2 299 BACKGROUND/ANALYSIS Public officials, both elected and appointed, are classified in one of two disclosure categories based on their level of influence on municipal financial decisions. Officials in the “full disclosure” category have substantial influence and must disclose all investments, business positions, and interests in real property, within the jurisdiction, held on the date of assuming office and income received during the 12 months immediately preceding assuming office. Officials in the “limited disclosure” category have less influence on decisions. These positions must disclose personal economic interests held that could be significantly affected through the exercise of official duties, including investments, business positions, and income from sources located in or doing business in the City, interests in real property located in the City, and property located not more than two miles outside the boundary of the City or property located within two miles of any property owned or used by the City. Review of the City’s positions, duties, and influence of public officials has resulted in the following recommended changes to Chapter 2.60 of the Municipal Code due to organizational changes over the last two years to better align positions with the City’s ability to provide high-level services to its community: Add the following titles as designated positions for “limited disclosure” filing: Deputy City Clerk Director of Business Unit and Housing Development Delete the following titles from the “limited disclosure” designated positions: Assistant to the City Manager Construction Manager / Inspections Supervisor Human Resources Manager Public Safety Analyst ALTERNATIVES Council may elect to (1) approve the proposed Code as submitted, or (2) revise the proposed Code and approve it as revised. Prepared by: Monika Radeva, City Clerk Approved by: Jon McMillen, City Manager Attachment: 1. 2022 Local Agency Biennial Notice 300 ORDINANCE NO. XXX AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, AMENDING CHAPTER 2.60 OF THE LA QUINTA MUNICIPAL CODE RELATING TO THE CITY’S CONFLICT OF INTEREST CODE WHEREAS, the Political Reform Act, Government Code Section 81000, et seq., requires state and local government agencies to adopt and promulgate conflict of interest codes; and WHEREAS, the Fair Political Practices Commission (FPPC) has adopted a regulation, Title 2, Division 6, California Code of Regulations Section 18730 – Provisions of Conflict of Interest Codes, which contains the terms of a standard conflict of interest code which can be incorporated by reference; and WHEREAS, the City of La Quinta (City) has adopted by reference the FPPC's regulation as well as a list of designated employees as Chapter 2.60 of the La Quinta Municipal Code (Code); and WHEREAS, the City desires to make changes to the list of designated employees and disclosure categories to reflect the current classifications/positions within the City; and; WHEREAS, the place of filing of the Statements of Economic Interests shall be in accordance with Government Code Section 87500; and WHEREAS, Statements of Economic Interest are public documents available from the City Clerk of the City of La Quinta; and WHEREAS, the City believes these changes are in the best interests of the citizens of the City of La Quinta. NOW THEREFORE, the City Council of the City of La Quinta does ordain as follows: SECTION 1. Chapter 2.60 Conflict of Interest of the La Quinta Municipal Code is amended to read as follows: 2.60.020 - Designated positions—Disclosure categories. 301 Ordinance No. XXX Amending Section 2.60.020 of the La Quinta Municipal Code Conflict of Interest Code Adopted: _____________, 2022 Page 2 of 5 A. Full disclosure on Form 700, Statement of Economic Interest, shall be required from the following positions pursuant to Government Code Section 87200: Designated Positions City Attorney Assistant and/or Deputy City Attorney(s) City Manager Assistant and/or Deputy City Manager(s) Finance Director/City Treasurer Mayor Members of the City Council/Financing Authority/Housing Authority Members of the Planning Commission Members of the Successor Agency to the Dissolved Redevelopment Agency Candidates for any of the positions above B. Limited disclosure on Form 700, Statement of Economic Interest, shall be required from the following officeholders pursuant to Government Code Section 87302: Designated Positions Accounting Manager Animal Control/Code Compliance Supervisor Assistant Construction Manager Assistant to the City Manager Associate Engineer Building Official City Clerk Community Resources Manager Community Resources Analyst Construction Manager/Inspections Supervisor Deputy City Clerk Deputy Director of Facilities Director of Business Unit and Housing Development Director of Community Resources Director of Design and Development Director of Public Works / City Engineer Financial Services Analyst 302 Ordinance No. XXX Amending Section 2.60.020 of the La Quinta Municipal Code Conflict of Interest Code Adopted: _____________, 2022 Page 3 of 5 Hub Manager Human Resources Analyst Human Resources Manager Management Analyst Marketing Manager Members of the Community Services Commission Members of the Financial Advisory Commission Members of the Housing Commission Planning Manager Public Safety Analyst Public Safety Manager Senior Emergency Management Coordinator Senior Planner Traffic Operations Analyst SECTION 2. EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty (30) days after its adoption. SECTION 3. POSTING: The City Clerk shall, within 15 days after passage of this Ordinance, cause it to be posted in at least three public places designated by resolution of the City Council, shall certify to the adoption and posting of this Ordinance, and shall cause this Ordinance and its certification, together with proof of posting to be entered into the permanent record of Ordinances of the City of La Quinta. SECTION 4. CORRECTIVE AMENDMENTS: the City Council does hereby grant the City Clerk the ability to make minor amendments and corrections of typographical or clerical errors to “Exhibit A” to ensure consistency of all approved text amendments prior to the publication in the La Quinta Municipal Code. SECTION 5. SEVERABILITY: If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Ordinance is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this Ordinance and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more section, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared unconstitutional. 303 Ordinance No. XXX Amending Section 2.60.020 of the La Quinta Municipal Code Conflict of Interest Code Adopted: _____________, 2022 Page 4 of 5 PASSED, APPROVED and ADOPTED, at a regular meeting of the La Quinta City Council held this _____ day of __________, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: _______________________ LINDA EVANS, Mayor City of La Quinta, California ATTEST: _______________________________ MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: __________________________________ WILLIAM H. IHRKE, City Attorney City of La Quinta, California 304 Ordinance No. XXX Amending Section 2.60.020 of the La Quinta Municipal Code Conflict of Interest Code Adopted: _____________, 2022 Page 5 of 5 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF LA QUINTA ) I, MONIKA RADEVA, City Clerk of the City of La Quinta, California, do hereby certify the foregoing to be a full, true, and correct copy of Ordinance No. (enter number) which was introduced at a regular meeting on the (date) day of (month), (year), and was adopted at a regular meeting held on the (date) day of (month), (year), not being less than 5 days after the date of introduction thereof. I further certify that the foregoing Ordinance was posted in three places within the City of La Quinta as specified in the Rules of Procedure adopted by City Council Resolution No. 2015-023. _______________________ MONIKA RADEVA, City Clerk City of La Quinta, California DECLARATION OF POSTING I, MONIKA RADEVA, City Clerk of the City of La Quinta, California, do hereby certify that the foregoing ordinance was posted on , pursuant to Council Resolution. _______________________ MONIKA RADEVA, City Clerk City of La Quinta, California 305 306 www.fppc.ca.gov FPPC Advice: advice@fppc.ca.gov (866.275.3772) Page 1 of 1 2022 Local Agency Biennial Notice Name of Agency: Mailing Address: Contact Person: Phone No. Email: Alternate Email: Accurate disclosure is essential to monitor whether officials have conflicts of interest and to help ensure public trust in government. The biennial review examines current programs to ensure that the agency’s code includes disclosure by those agency officials who make or participate in making governmental decisions. This agency has reviewed its conflict of interest code and has determined that (check one BOX): An amendment is required. The following amendments are necessary: (Check all that apply.) Include new positions Revise disclosure categories Revise the titles of existing positions Delete titles of positions that have been abolished and/or positions that no longer make or participate in making governmental decisions Other (describe) The code is currently under review by the code reviewing body. No amendment is required. (If your code is over five years old, amendments may be necessary.) Verification (to be completed if no amendment is required) This agency’s code accurately designates all positions that make or participate in the making of governmental decisions. The disclosure assigned to those positions accurately requires that all investments, business positions, interests in real property, and sources of income that may foreseeably be affected materially by the decisions made by those holding designated positions are reported. The code includes all other provisions required by Government Code Section 87302. __________________________________________ _________________________ Signature of Chief Executive Officer Date All agencies must complete and return this notice regardless of how recently your code was approved or amended. Please return this notice no later than October 3, 2022, or by the date specified by your agency, if earlier, to: (PLACE RETURN ADDRESS OF CODE REVIEWING BODY HERE) PLEASE DO NOT RETURN THIS FORM TO THE FPPC. ATTACHMENT 1 CITY OF LA QUINTA 78495 CALLE TAMPICO MONIKA RADEVA (760) 777 - 7035 MRADEVA@LAQUINTACA.GOV N/A ✔ ■ ■ 307 308 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: APPROVE PILLARS OF THE COMMUNITY AND DISTINGUISHED ARTISTS AND ATHLETES NOMINATIONS RECOMMENDATION Approve the Pillars of the Community and Distinguished Artists and Athletes nominations as recommended by the Community Services Commission. EXECUTIVE SUMMARY •In October 2021, Staff opened the nomination window for Pillars of the Community and Distinguished Artists & Athletes. •Nominations were reviewed by the Community Services Commission (Commission) during the June 13, 2022 meeting. •Four nominations are being presented for consideration and traditionally the Senior Inspiration Award recipient is also recognized as a Pillar of the Community. FISCAL IMPACT The total cost for the plaques recognizing each recipient is $300. Funds are available in the Community Resources Special Events budget (Account No. 101-3003-60149). BACKGROUND/ANALYSIS The Pillars of the Community and Distinguished Artists & Athletes awards are distinguished honors meant to recognize La Quinta residents who have made positive impacts in the community. Nominee criteria includes: 1) City residency for a minimum of three years, 2) significant contribution to the development of the City, 3) previous recognition for contribution efforts. Community members submitted nominations for Brandun Lee and Emmi Von Scherr (Distinguished Athletes), Jason and Nicole McQuaid (Distinguished BUSINESS SESSION ITEM NO. 3 309 Artists), and Karen Devine (Pillar of the Community). Traditionally, the City also recognizes each year’s Senior Inspiration Award recipient as a Pillar of the Community, this year’s recipient is Victory Grund. Nomination information is outlined in the Pillars of the Community, Distinguished Artists, and Distinguished Athletes nomination form packet (Attachment 1). At their June 13, 2022 meeting, the Community Services Commission discussed reviewing the criteria and process for the pillars program. Their goal is to increase the number of applicants, conduct heavier recruitment, and raise the significance of the awards. The Commission will discuss their recommendations during the next Commission meeting on September 12, 2022 and present them to Council for consideration soon after. ALTERNATIVES Council may deny the recommendations and direct staff to seek additional nominees. Michael Calderon, Community Resources Analyst Chris Escobedo, Community Resources Director Prepared by: Approved by: Attachment: 1.Nomination Form Packet 310 ATTACHMENT 1311 312 Brandun Lee Achievements as a professional: - Currently the IBO intercontinental super light weight champion - Won the 2021 prospect of the year award by The Ring Magazine - Was on a 15 fight Knockout streak https://www.ringtv.com/637812-junior-welterweight-contender-brandun-lee-i-cant-wait-to-show-th e-world-who-i-am/ https://www.sacbee.com/sports/article260431437.html https://www.csusb.edu/inside/article/542896/ring-and-classroom-brandun-lee-strives-inspire-you th-his-community https://sports.yahoo.com/brandun-lee-1-1-kevin-181209488.html 313 314 C A N D I D A T E N O M I N A T I O N F O R MATHLETEICHONORSI hereby support the nomination of: ______________________ considered for the City of La Quinta's Athletic Honors Recognition Program. I understand that I must be a La Quinta resident that is over the age of 18 in order to offer support of the candidate. Name:______________________ Address:____________________ ____________________________ Name:______________________ Address:____________________ ____________________________ Name:______________________ Address:____________________ ____________________________ Name:______________________ Address:____________________ ____________________________ Name:______________________ Address:____________________ ____________________________ Name:______________________ Address:____________________ ____________________________ Name:______________________ Address:____________________ ____________________________ Name:______________________ Address:____________________ ____________________________ Name:______________________ Address:____________________ ____________________________ Name:______________________ Address:____________________ ____________________________ For Questions, contact Jacob Garcia | 760.777.7093 jkgarcia@laquintaca.gov 315 City of La Quinta Athletic Honors Recognition Program  The City of La Quinta is proud to be home to many distinguished sports figures. To celebrate the accomplishments of these individuals, an acknowledgment area has been established on the Civic Center Campus. Candidate Requirements 1. All Candidates must be or have been a resident of La Quinta for a minimum of three (3) years. 2. Candidate must have received national, state or local recognition. 3. Candidate must have contributed to the City of La Quinta's image or served to benefit La Quinta residents in the field of sports.  4. This nomination form must be signed by a minimum of ten (10) La Quinta Residents, 18 years or older.  All formally recognized sports will be considered Program Requirements In order for the candidate to be considered for the program, the nominating party must provide: 1. Completed candidate nomination form 2. Copy of resume of achievements 3. Copies or photos of national, state or local awards received. 4. Copies or photos of any news print or web media recognition for achievements in sports.  I would like to nominate the following person for consideration for the Athletic Honors Recognition program: (Candidate's Information)Please print legibly. Name: ______________________________ Address:______________________________ ______________________________________ Telephone:____________________________ Years of residency: _________ to ________ Please provide the top three (3) bullet points of the Candidates achievements in the sports. These bullet points may be used for candidate's consideration and also included in event program and other event marketing materials. 1.____________________________________ ______________________________________ 2.____________________________________ ______________________________________ 3.____________________________________ ______________________________________ Please note that submission of the nomination form does not guarantee approval and entry into the program. All nomination forms will be reviewed and voted on by the La Quinta City Council. This program is currently offered every two (2) years as nomination forms are received and is subject to change without notice.  Please give us a brief biography of the candidate: Bio must be 65 words or less and may be used for candidate's consideration and also included in staff report and other event marketing materials.  _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ Office Use Only Received by:______________ Date:____________________316 Letter of Recommendation for EMMI VON SCHERR Dear Sir/Madam, It is an absolute pleasure to write this letter of recommendation for Emmi. In addition to being one of the kindest people I have met, Emmi is a bright, positive, talented, and outstanding leader. During the course of her four years here at La Quinta high School, Emmi has been courageous in her journey and generous with those around her. I would characterize Emmi as the best among us. She is very special. Emmi experienced the Covid school year like everyone else. It was fraught with challenges. To her credit, Emmi accepted the challenges by supporting her peers and teachers. When others were struggling to contribute online via Zoom with black boxes, Emmi found opportunities to interject some positivity and hope wherever possible. When she had to work with groups in breakout rooms, she encouraged and assisted her peers as they struggled with motivation. She never lost sight; as bad as Covid or distance learning was, it was just a moment in the larger picture This remarkable outlook is not surprising to anyone who knows her. Emmi is a proud member of the Girls Scout where she was recognized for her service and heartfelt leadership. She volunteers to help those in need at Martha’s Kitchen. Martha’s Kitchen focuses on feeding and clothing the homeless. She has a respect and appreciation for diversity, family and community. Emmi comes from a multicultural and multiracial family. Her experiences have afforded her a perspective that most will never enjoy. As incredible as all of this may be and it is, Emmi maintains a 4.5 grade point average. She continues to challenge herself by taking the most rigorous coursework in high school through our IB and AP courses. She competes at the highest levels in varsity swim, water polo, and cross country. She is truly an outstanding representation of La Quinta High school, the broader community, and her family. Emmi’s goal is to become a medical doctor. Not surprisingly, she has always taken care of those who cross her path. She is simply following her calling to service. I could not be more proud of Emmi if she were my own daughter. I gladly give Emmi my highest recommendation. I strongly encourage you to meet Ms. Emmi VonScherr. It will be a great investment of your time. After meeting with her, you will be just as impressed with her as am I. Emmi is an incredible young lady. She would be a wonderful addition to any university or organization. Should you have questions regarding this letter or of Emmi, please feel free to contact me at Rudy.Wilson@desertsands.us or at 760-851-4986. Respectfully, Rudy Wilson, Ed.D. La Quinta High School Principal Desert Sands USD August 2021 317 318 319 320 321 322 323 324 325   326 327 Victory Grund Founder of Old Town Artisan Studio; visionary of a dream of creating a place for everyone to enjoy, learn, and experience art. Creator of programs for children, people with disabilities, families, and seniors. Her giving heart has inspired others to donate, expand programs to schools, offer classes, and bring the passion of art to the hearts of thousands. 328 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR YEAR ENDED JUNE 30, 2021 RECOMMENDATION Receive and file the Annual Comprehensive Financial Report for the year ended June 30, 2021. EXECUTIVE SUMMARY x California cities must obtain an annual audit of their financial statements by an independent auditor at the close of each fiscal year. x The annual audit produces the Annual Comprehensive Financial Report (ACFR) (Exhibit A) which was issued on June 30, 2022. x The independent auditors rendered an unmodified (“clean”) opinion; which is the most favorable conclusion. x The Financial Advisory Commission (FAC) has been provided the ACFR for review and a presentation will be provided on August 10, 2022. FISCAL IMPACT - None BACKGROUND/ANALYSIS At the end of each fiscal year, the City’s financial records are audited by an independent audit firm pursuant to California law. The results (including City background information, statistical data, and detailed financial reports) are compiled and presented in the ACFR. In the independent auditors’ report (located at the front of the financial section of the ACFR), Eide Bailly Certified Public Accountants issued an “unmodified” opinion on the City’s financial statements for the year ended June 30, 2021, which is the most favorable conclusion. The independent audit involved examining evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and BUSINESS SESSION ITEM NO. 4 329 estimates made by management, and evaluating the overall financial statement presentation. Attachment 1, provides a summary of ACFR which is in Exhibit A. The Financial Advisory Commission has been provided a copy of the ACFR and a presentation will follow on August 10, 2022. In addition, a copy of the ACFR can be found in the Finance section on the City’s website. While the City’s financial statements were presented fairly in all significant aspects, a material weakness in the City’s internal controls over financial reporting was identified for accounting entry adjustments. Entries were fully resolved prior to issuance and additional controls have been implemented to avoid this situation in the future. As in previous years, the ACFR has been submitted to the Government Finance Officers Association (GFOA) award program for excellence in financial reporting. A Single Audit for fiscal year 2020/21, a separate audit requirement under Federal law for entities that spend $750,000 or more in federal funds during a fiscal year will be issued in September 2022. ALTERNATIVES The ACFR and audit are required by State law, therefore, no alternatives are recommended. Prepared by: Claudia Martinez, Finance Director Approved by: Jon McMillen, City Manager Attachment: 1. 2020/21 Annual Comprehensive Financial Report Summary 330 2020/21 Annual Comprehensive Financial Report (ACFR) Summary Summary of ACFR Contents The 2020/21 ACFR (Exhibit A) contains numerous comprehensive financial reports pertaining to all aspects of the City’s finances and includes financial statements for all City funds (general, special revenue, housing, capital project, internal service, and other fund types). The ACFR also contains information regarding the City’s accounting methods and procedures, and the results of the independent audit. Financial information is conveyed both by major fund type and in a comprehensive manner; thus, the information is somewhat complex to interpret. Because of this, specific detailed information regarding the General Fund year-end budget results for 2020/21 was presented separately at the January 18, 2022 Council meeting. The Management Discussion and Analysis section (starting on page 4) provides an overview and analysis of the financial statements, which is useful when reading through the ACFR. In addition, the Notes to the Basic Financial Statements (pages 32 to 73) provide a written explanation of accounting methods and year-over-year changes. The Statistical Section (pages 124 to 159) presents a ten-year comparison of City financial, economic, and demographic trends. Responsibility for both the accuracy and the completeness of all disclosure’s rests with the City of La Quinta. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to fairly present the financial position and results of City operations. The ACFR was prepared in conformance with Generally Accepted Accounting Principles (GAAP). The City’s financial reporting is based upon all Governmental Accounting Standards Board (GASB) pronouncements; these pronouncements are the most authoritative source of governmental GAAP. Eide Bailly LLP, Certified Public Accountants, has issued an unmodified (“clean”) opinion on the City’s financial statements for the year ended June 30, 2021, which is the most favorable conclusion. While the City’s financial statements were presented fairly in all significant aspects, a material weakness in the City’s internal controls over financial reporting was identified for accounting entry adjustments. The entries were fully resolved prior to the issuance of the ACFR, and the City has already implemented additional controls related to financial reporting to prevent this situation in the future. We believe that the ACFR meets the Certificate of Achievement Program’s requirements and have submitted it to the Government Finance Officers Association (GFOA) to determine its eligibility for another certificate. ATTACHMENT 1 331 Significant Changes and Financial Highlights Governmental Revenues and Expenses Governmental Activities include twenty-nine (29) individual governmental funds. There are three (3) major governmental funds: the General Fund, one capital project fund, and one special revenue fund. Data from the other twenty-six (26) governmental funds are combined into a single, aggregate presentation. Key Highlights: x General Fund’s overall fund balance increased by approximately $18.9 million when compared to the ending balance in 2019/20. This was mostly attributed to taxes, including transient occupancy tax and sales tax, exceeding budget projections, coupled with expenditure savings. x General Fund Reserves are 100% funded to established target amounts with a combined balance of $47.3 million. Additional reserve funding is anticipated to be approved during the Reserve study to be conducted in FY 2022/23. x The General Fund has no outstanding bond obligations. x At the end of 2020/21, the City had positive balances in all three categories of Net Position (Net Investment in Capital Assets, Restricted and Unrestricted) for the governmental and business-type activities. x Governmental revenues overall increased by $9,437,949 with the major items being attributed to transient occupancy and sales taxes as well as capital grants and contributions used to fund various construction projects. x A majority of General Fund revenues experienced positive variances when compared to the final budget. x Actual expenses were $1,426,000 lower than the final budget of which $1,209,000 was carried over into 2021/22 for continuing appropriations related to operations. Funds not being carried over are recognized as Unassigned Fund Balance in the General Fund. Capital Improvement Projects (CIP) revenue commitments totaling $13,431,000 are reflected in assigned reserves and operational carryovers are noted in committed reserves. Governmental Fund Balances The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances. Such information is useful in assessing the City's financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. The unassigned General Fund balance comprised $24,241,553, or 17%, of the total $142,316,543 balance and represented 49% of total final 2020/21 General Fund budgeted expenditures including transfers and multi-year capital projects. As of the end of 2020/21, the City's governmental funds reported combined ending fund balances of $185,847,101 as follows: 332 2020/21 Governmental Fund Balances When compared to 2019/20, total governmental fund balance increased by $21,684,556. 2019/20 Governmental Fund Balances General Fund Balances A year-over-year decrease of $1,988,000 in non-spendable is mainly attributed the 2020/21 Redevelopment Agency loan repayment of $2,591,000 offset by interest earnings of $592,000 resulting in a net decrease of $1,999,000 in Due from Other Governments. The outstanding loan balance of $30,088,278 is recognized as 80% in the General Fund and 20% in the Housing Authority Fund. Restricted reserves are limited to funds held in a Section 115 Pension Trust set aside to fund the City’s pension obligations. The trust was initially established in 2018/19 with $6,540,000 and in 2020/21 additional contributions coupled with investment gains caused the trust to increase by $1,132,000. Committed reserves increased by approximately $7,091,000, resulting from an increase of $3,460,000 in the Capital Replacement Reserve and $4,200,000 in the Economic Disaster Reserve categories and a decrease of about $569,000 in operational carryovers. An increase of nearly $7,601,000 in assigned reserves was primarily due to an increase in the Measure G sales tax reserve ($6,392,000). Category General Fund Percent All Other Funds Percent Total Funds Percent Nonspendable 31,487,459$ 26% 2,875$0.007% 31,490,334$ 19% Restricted 10,249,738 8% 46,001,248 113% 56,250,986 34% Committed 30,118,800 24%- 0% 30,118,800 18% Assigned 32,383,017 26%- 0% 32,383,017 20% Unassigned 19,094,651 15% (5,175,243) -13% 13,919,408 8% TOTAL 123,333,665$ 100% 40,828,880$ 100% 164,162,545$ 100% Category General Fund Percent All Other Funds Percent Total Funds Percent Nonspendable 29,499,520$ 21% 1,019$0.002% 29,500,539$ 16% Restricted 11,381,922 8% 46,711,801 107% 58,093,723 31% Committed 37,209,870 26%- 0%37,209,870 20% Assigned 39,983,678 28%- 0%39,983,678 22% Unassigned 24,241,553 17% (3,182,262) -7% 21,059,291 11% TOTAL 142,316,543$ 100% 43,530,558$ 100% 185,847,101$ 100% 333 Outstanding Debt Total governmental activities debt increased by $951,036 from $15,061,429 to $16,012,465. This increase is largely attributed to an increase of $1,044,111 in the City’s net pension liability. After 2018/19, the Net Pension Liability is reported as an outstanding debt and the General Fund has no outstanding bond obligations. As of June 30, 2021, the Section 115 Pension Trust had a balance of $11,381,922. The trust sets aside monies to fund the City’s pension obligations. Contributions to the trust are irrevocable and assets are protected from creditors. The purpose of the trust is to address the City’s pension obligations by accumulating assets to reduce the net pension liability. However, assets in the trust are recorded as restricted fund balance until they are transferred to the pension plan (CalPERS). Additional information on long-term debt can be found in Note 5 of the financial statements, Note 8 describes the City’s Pension Plan, and Note 11 discusses the Section 115 Trust. Other Post-Employment Benefit Plan (OPEB) In contrast to the Net Pension Liability, the OPEB Trust established to fund retiree health benefits, had a balance of $1,715,041 which reduces the OPEB liability of $1,815,611 and is reported as an asset balance of $100,570. Additional information on OPEB can be found in Note 10 of the financial statements. Major Capital Improvements The Capital Improvement Fund is primarily used to record the expenditures for capital projects. The fund had thirty-eight (38) active Capital Improvement Projects during 2020/21. The five most active projects were: x SilverRock Infrastructure Improvements ($5,010,000) x La Quinta Village Complete Streets ($3,024,000) x SilverRock Event Site ($2,326,000) x La Quinta X-Park ($2,028,000) x Washington Street at Fred Waring Street Improvements ($1,264,000) These projects, along with others, leveraged State or Federal grant funds or were significantly supported with Measure G sales tax revenues. Debt Type:2020 2021 Capital Leases 761,790$ 459,275$ Compensated Absences 888,491 950,309 Net OPEB (Asset) Liability (47,052) 100,570 Net Pension Liability 13,458,200 14,502,311 TOTAL 15,061,429$ 16,012,465$ Governmental Activities 334 Long-term Financial Planning The City ensures that its long-range goals are met through a variety of Boards and Commissions. Each is comprised of Council appointed residents, may include a City Council representative, and are supported by City staff. In addition, the City has adopted various financial policies and practices with the goal of sustaining a fiscally resilient government over the long-term, improving fiscal sustainability, as well as increasing transparency and encouraging public engagement. The City has taken a proactive approach to rising pension and public safety costs by building its reserve categories and paying down the City’s pension obligations. The City also continues to collaborate with Riverside County and other regional cities on police services to identify long-term savings. In 2020/21, the General Fund’s overall fund balance increased by approximately $18.9 million when compared to the ending balance in 2019/20, mainly due to revenue increases surpassing budget projections in areas such as transient occupancy taxes and sales tax. As of June 30, 2021, all four of the City’s reserve categories (Cash Flow Reserve, Natural Disaster, Economic Disaster, and Capital Replacement) are fully funded to policy targets. The City has a mixture of housing and commercial developments under construction, approved housing developments on the horizon, and the Highway 111 Corridor Plan (Plan) continues to be a priority with daily traffic exceeding 40,000 vehicles, and accounting for nearly 80% of the City’s annual sales tax revenue. The City Council has a history of taking strategic steps to ensure long-term fiscal sustainability of the City, including adopting a structurally balanced budget, funding long- term needs, and maintaining strong reserve levels. Because of these factors, the City has been able to maintain essential services during the pandemic and is prepared to face the next financial crisis. 335 336 $118$/&2035(+(16,9(),1$1&,$/5(3257 ),6&$/<($5(1'('-81( 3UHSDUHGE\ )LQDQFH'HSDUWPHQW (;+,%,7$ 337 338 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŶŶƵĂůŽŵƉƌĞŚĞŶƐŝǀĞ&ŝŶĂŶĐŝĂůZĞƉŽƌƚ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ WƌĞƉĂƌĞĚLJ͗&ŝŶĂŶĐĞĞƉĂƌƚŵĞŶƚ 339 340 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ dĂďůĞŽĨŽŶƚĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ    /EdZKhdKZz^d/KE >ĞƚƚĞƌŽĨdƌĂŶƐŵŝƚƚĂů͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ŝ >ŝƐƚŽĨWƌŝŶĐŝƉĂůKĨĨŝĐĞƌƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ǀŝ KƌŐĂŶŝnjĂƚŝŽŶĂůŚĂƌƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ǀŝŝ ĞƌƚŝĨŝĐĂƚĞŽĨĐŚŝĞǀĞŵĞŶƚĨŽƌdžĐĞůůĞŶĐĞŝŶ&ŝŶĂŶĐŝĂůZĞƉŽƌƚŝŶŐ;'&KͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ǀŝŝŝ &/EE/>^d/KE /ŶĚĞƉĞŶĚĞŶƚƵĚŝƚŽƌ͛ƐZĞƉŽƌƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭ DĂŶĂŐĞŵĞŶƚ͛ƐŝƐĐƵƐƐŝŽŶĂŶĚŶĂůLJƐŝƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱ 'ŽǀĞƌŶŵĞŶƚtŝĚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ ^ƚĂƚĞŵĞŶƚŽĨEĞƚWŽƐŝƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϴ ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϵ ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϮϬ 'ŽǀĞƌŶŵĞŶƚ&ƵŶĚ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ ĂůĂŶĐĞ^ŚĞĞƚʹ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϭ ZĞĐŽŶĐŝůŝĂƚŝŽŶŽĨƚŚĞ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐĂůĂŶĐĞ^ŚĞĞƚƚŽƚŚĞ^ƚĂƚĞŵĞŶƚŽĨEĞƚWŽƐŝƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϮϮ ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐ͕ĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐʹ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϯ ZĞĐŽŶĐŝůŝĂƚŝŽŶŽĨƚŚĞ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐ͕ĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐŽĨ 'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐƚŽƚŚĞ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϰ WƌŽƉƌŝĞƚĂƌLJ&ƵŶĚ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ ^ƚĂƚĞŵĞŶƚŽĨEĞƚWŽƐŝƚŝŽŶʹWƌŽƉƌŝĞƚĂƌLJ&ƵŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϱ ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶƐĞƐ͕ĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚEĞƚWŽƐŝƚŝŽŶʹWƌŽƉƌŝĞƚĂƌLJ&ƵŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϲ ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁƐʹWƌŽƉƌŝĞƚĂƌLJ&ƵŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϳ &ŝĚƵĐŝĂƌLJ&ƵŶĚ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ ^ƚĂƚĞŵĞŶƚŽĨ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϵ ^ƚĂƚĞŵĞŶƚŽĨŚĂŶŐĞƐŝŶ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϬ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϮ ZYh/Z^hWW>DEdZz/E&KZDd/KE ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ'ĞŶĞƌĂů&ƵŶĚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϰ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϱ ^ĐŚĞĚƵůĞŽĨWƌŽƉŽƌƚŝŽŶĂƚĞ^ŚĂƌĞŽĨƚŚĞEĞƚWĞŶƐŝŽŶ>ŝĂďŝůŝƚLJʹDŝƐĐĞůůĂŶĞŽƵƐWůĂŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϲ ^ĐŚĞĚƵůĞŽĨWĞŶƐŝŽŶWůĂŶŽŶƚƌŝďƵƚŝŽŶƐʹDŝƐĐĞůůĂŶĞŽƵƐWůĂŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϳ ^ĐŚĞĚƵůĞŽĨŚĂŶŐĞƐŝŶƚŚĞEĞƚKW>ŝĂďŝůŝƚLJͬ;ƐƐĞƚͿĂŶĚZĞůĂƚĞĚZĂƚŝŽƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϴ ^ĐŚĞĚƵůĞŽĨKWŽŶƚƌŝďƵƚŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϵ EŽƚĞƚŽZĞƋƵŝƌĞĚ^ƵƉƉůĞŵĞŶƚĂƌLJ/ŶĨŽƌŵĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϴϬ 341 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ dĂďůĞŽĨŽŶƚĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ KD/E/E'E/E/s/h>&hE^ddDEd^E^,h>^ ŽŵďŝŶŝŶŐĂůĂŶĐĞ^ŚĞĞƚʹEŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϴϱ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐʹ EŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵϬ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞƐʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐ ^ƚĂƚĞ'ĂƐdĂdž͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵϱ >ŝďƌĂƌLJĂŶĚDƵƐĞƵŵ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵϲ &ĞĚĞƌĂůƐƐŝƐƚĂŶĐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵϳ ^>^͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵϴ >ŝŐŚƚŝŶŐĂŶĚ>ĂŶĚƐĐĂƉŝŶŐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵϵ YƵŝŵďLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϬ WƵďůŝĐ^ĂĨĞƚLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϭ ƌƚŝŶWƵďůŝĐWůĂĐĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϮ ^ŽƵƚŚŽĂƐƚŝƌYƵĂůŝƚLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϯ ϵϯϵ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϰ >ĂǁŶĨŽƌĐĞŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϱ DĞĂƐƵƌĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϲ ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϳ ϭϯϳϵ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϴ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞƐʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚƐ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬϵ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϬ ŝǀŝĐĞŶƚĞƌ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϭ dƌĂŶƐƉŽƌƚĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϮ WĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϯ >ŝďƌĂƌLJĞǀĞůŽƉŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϰ ŽŵŵƵŶŝƚLJĞŶƚĞƌ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϱ ^ƚƌĞĞƚ&ĂĐŝůŝƚLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϲ WĂƌŬ&ĂĐŝůŝƚLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϳ &ŝƌĞ&ĂĐŝůŝƚLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϴ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞƐʹĞďƚ^ĞƌǀŝĐĞ&ƵŶĚƐ &ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϵ /ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨEĞƚWŽƐŝƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϮϭ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶƐĞƐĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚEĞƚWŽƐŝƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϮϮ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϮϯ 342 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ dĂďůĞŽĨŽŶƚĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ    ^dd/^d/>^d/KE EĞƚWŽƐŝƚŝŽŶďLJŽŵƉŽŶĞŶƚ;dĂďůĞϭͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϮϱ ŚĂŶŐĞƐŝŶEĞƚWŽƐŝƚŝŽŶ;dĂďůĞϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϮϳ ŚĂŶŐĞƐŝŶEĞƚWŽƐŝƚŝŽŶʹ'ŽǀĞƌŶŵĞŶƚĂůĐƚŝǀŝƚŝĞƐ;dĂďůĞϯͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϮϵ ŚĂŶŐĞƐŝŶEĞƚWŽƐŝƚŝŽŶʹƵƐŝŶĞƐƐͲƚLJƉĞĐƚŝǀŝƚŝĞƐ;dĂďůĞϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϭ &ƵŶĚĂůĂŶĐĞƐŽĨ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ;dĂďůĞϱͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϯ ŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐŽĨ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ;dĂďůĞϲͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϱ dĂdžZĞǀĞŶƵĞďLJ^ŽƵƌĐĞ;dĂďůĞϳͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϳ dŽƉϮϱ^ĂůĞƐdĂdžWƌŽĚƵĐĞƌƐ;dĂďůĞϴͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϴ dĂdžĂďůĞ^ĂůĞƐďLJĂƚĞŐŽƌLJ;dĂďůĞϵͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϭ ƐƐĞƐƐĞĚsĂůƵĞŽĨdĂdžĂďůĞWƌŽƉĞƌƚLJ;dĂďůĞϭϬͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϯ ŝƌĞĐƚĂŶĚKǀĞƌůĂƉƉŝŶŐWƌŽƉĞƌƚLJdĂdžZĂƚĞƐ;dĂďůĞϭϭͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϰ WƌŝŶĐŝƉĂůWƌŽƉĞƌƚLJdĂdžƉĂLJĞƌƐ;dĂďůĞϭϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϱ WƌŽƉĞƌƚLJdĂdž>ĞǀŝĞƐĂŶĚŽůůĞĐƚŝŽŶƐ;dĂďůĞϭϯͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϲ ZĂƚŝŽƐŽĨKƵƚƐƚĂŶĚŝŶŐĞďƚďLJdLJƉĞ;dĂďůĞϭϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϳ ZĂƚŝŽŽĨ'ĞŶĞƌĂůŽŶĚĞĚĞďƚKƵƚƐƚĂŶĚŝŶŐ;dĂďůĞϭϱͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϵ ŝƌĞĐƚĂŶĚKǀĞƌůĂƉƉŝŶŐĞďƚ;dĂďůĞϭϲͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϬ >ĞŐĂůĞďƚDĂƌŐŝŶ/ŶĨŽƌŵĂƚŝŽŶ;dĂďůĞϭϳͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϭ WůĞĚŐĞĚͲZĞǀĞŶƵĞŽǀĞƌĂŐĞ;dĂďůĞϭϴͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϯ ĞŵŽŐƌĂƉŚŝĐĂŶĚĐŽŶŽŵŝĐ^ƚĂƚŝƐƚŝĐƐ;dĂďůĞϭϵͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϰ WƌŝŶĐŝƉĂůŵƉůŽLJĞƌƐ;dĂďůĞϮϬͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϱ &ƵůůͲƚŝŵĞŝƚLJŵƉůŽLJĞĞƐ;dĂďůĞϮϭͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϲ KƉĞƌĂƚŝŶŐ/ŶĚŝĐĂƚŽƌƐ;dĂďůĞϮϮͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϳ ĂƉŝƚĂůƐƐĞƚ^ƚĂƚŝƐƚŝĐƐďLJ&ƵŶĐƚŝŽŶ;dĂďůĞϮϯͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϴ ^ĐŚĞĚƵůĞŽĨ/ŶƐƵƌĂŶĐĞŝŶ&ŽƌĐĞ;dĂďůĞϮϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϵ 343 dŚŝƐƉĂŐĞŝŶƚĞŶƚŝŽŶĂůůLJůĞĨƚďůĂŶŬ͘ 344 June 30, 2022 To the Citizens of La Quinta, and the Honorable Mayor and Members of the City Council: It is with great pleasure that we present to you the Annual Comprehensive Financial Report (ACFR) of the City of La Quinta for the fiscal year ending June 30, 2021. The ACFR has been prepared by the Finance Department for the benefit of City Council members, citizens, investors, grantors, employees, and others who may have an interest in the financial well- being of the City. The ACFR presents information regarding the City’s financial activities. This transmittal letter provides a non-technical summary of the City’s finances, services, achievements, and economic outlook. A more detailed analysis is presented in the Management’s Discussion and Analysis section (MD&A) that immediately follows the independent auditor’s report. The MD&A provides an overview and analysis of the basic financial statements and complements this transmittal. Responsibility for both the accuracy and the completeness of all disclosures rests with the City of La Quinta. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to fairly present the financial position and results of City operations. Supplementary disclosures are included to summarize the City’s financial activities. This ACFR was prepared in conformance with Generally Accepted Accounting Principles (GAAP). The City’s financial reporting is based upon all Governmental Accounting Standards Board (GASB) Statements; these pronouncements are the most authoritative source for governmental GAAP. The City is responsible for ensuring an adequate internal control structure is in place. The internal control structure is subject to constant evaluation by the management of the City and annual review by independent auditors. Reviews determine the adequacy of the internal control structure, as well as to determine if the City complied with applicable laws and regulations. In reviewing internal control structures, the cost of a control should not exceed the benefits to be derived, hence the objective is to provide reasonable, rather than absolute assurance, that the financial statements are free of any material misstatements. Eide Bailly LLP, Certified Public Accountants, has issued an unmodified (“clean”) opinion on the City’s financial statements for the year ended June 30, 2021. This is the most favorable conclusion. The independent auditor’s report is located at the front of the financial section. 345 The independent audit involved examining evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and estimates made by management, and evaluating the overall financial statement presentation and conformity with GAAP. Government Profile The City of La Quinta is located 120 miles east of Los Angeles in the eastern portion of Riverside County known as the Coachella Valley. The City has a permanent population of approximately 42,000, within a boundary of 36 square miles. Each year nearly 18,000 seasonal residents also call La Quinta home from October through May. A natural paradise in the Coachella Valley, the City is nestled between the Santa Rosa and San Bernardino Mountains, is an integral part of the Coachella Valley’s world-renowned resort and retirement area, and is known for its championship golf, festivals and community events, health and wellness, stunning views and spectacular trails. The City was incorporated in 1982 as a general law City and became a charter city in November 1996. It is governed by a five-member City Council under the Council/Manager form of government. The Mayor is directly elected, serves a two-year term, and represents the City at many public functions; the four Council Members serve four-year terms, with two Council Members elected every two years. The Mayor and Council Members are elected at large and also serve as the Board of Directors of the Housing and Finance Authorities. The Council appoints the City Manager, who in turn appoints the Directors of the various departments except for the City Attorney who is appointed by the Council. The Finance Director also serves as the City/Housing Authority Treasurer and the City Manager is also the Executive Director of the Housing Authority. The City provides a range of services, which include street and infrastructure construction and maintenance; community development and planning; affordable housing programs; code compliance; recreational and cultural activities; and operations management. The City contracts with other government agencies and private entities for specific services, including police and fire protection, library and museum services, water and sewer service, electricity service, public transit, refuse collection, and street sweeping. The City’s annual operating and capital improvement budgets are adopted by resolutions for the fiscal year that begins July 1st. Separate resolutions are adopted by the City Council and Board of Directors of the Housing and Finance Authorities. 346   The annual budget is the foundation for the City’s financial planning and control. The budget is prepared by fund, function, department, and line item. Department Directors may transfer line item resources within a division with the approval of the City Manager. The City Manager may authorize transfers between divisions and departments. Local Economy According to the State of California Employment Development Department, the unadjusted unemployment rate for La Quinta was 6.5%, which was lower than unadjusted rates for Riverside County’s at 7.3% and higher than the statewide average of 5.4%. Current unemployment rates are greatly impacted by lingering effects of COVID-19, particularly in the hospitality industry. The City’s dominant industries are tourism, recreation, and retail, with the following being major employers: La Quinta Resort and Club, Desert Sands Unified School District, Wal- Mart Super Center, Costco, Home Depot, Imperial Irrigation District, Lowe’s Home Improvement, Target, and Traditions Golf Club. Throughout the year La Quinta hosts a variety of multi-generational open-air events and shines in the national spotlight as the area’s only PGA golf tour event in the region with the American Express Golf Tournament. The City also co-hosts Ironman 70.3 Indian Wells La Quinta, which brings over 3,000 athletes and supporters from all over the world to the Coachella Valley. The City’s cultural diversity, values, unique characteristics and attributes are commemorated through artists who showcase their high-quality artwork at the annual fine art event, La Quinta Art Celebration, which is ranked number one in the United States by ArtFair Sourcebook’s Top 100 Fine Art Events. Substantially or completed projects during 2020/21 included Grocery Outlet and Los Arcos Mexican cuisine in the La Quinta Village shopping center, Lifestream and Nothing Bundt Cakes in the Washington Park Center, Café California and Arroyo’s Café in Old Town La Quinta, and Nativa Silver & Crystals, Happy Tea Café, Sato’s Snacks and Extra Space Storage along the Highway 111 corridor. Long-term Financial Planning Sound financial governance and prudent planning continues to be management’s focus. The City has a long history of providing superior service, life enrichment opportunities, and a quality environment to its residents, businesses, and visitors. La Quinta has taken a 347 proactive approach to rising pension and public safety costs by building its reserve categories and paying down the City’s pension obligations. The City also continues to collaborate with Riverside County and other regional cities on police services to identify long-term savings. The City ensures that its long-range goals are met through a variety of Boards and Commissions. Each is comprised of Council-appointed residents, may include a City Council representative, and are supported by City staff. In addition, the City has adopted various financial policies and practices with the goal of sustaining a fiscally resilient government over the long-term, assuring fiscal sustainability, as well as increasing transparency and encouraging public engagement. In 2020/21, the General Fund’s overall fund balance increased by almost $18.9 million when compared to the ending balance in 2019/20, mainly due to revenue increases surpassing budget projections in areas such as transient occupancy taxes and sales tax. As of June 30, 2021, all four of the City’s reserve categories (Cash Flow Reserve, Natural Disaster, Economic Disaster, and Capital Replacement) are fully funded to policy targets. In June 2021 the City Council adopted a balanced budget without the use of reserves for fiscal year 2021/22. The adopted budget had operating revenues exceeding expenses by $62,840. The 2021/22 budget included sustained funding for essential services, such as police, fire, and maintenance of critical infrastructure. La Quinta has cultivated a sound foundation of General Fund revenues including sales tax, transient occupancy tax, and property tax. The City was incorporated in 1982 after Proposition 13 was approved (the landmark property tax reform initiative enacted in 1978); as such, the City receives a smaller share of property tax revenue but has also secured additional property tax revenue from the County for fire and library services. The Future The City has a mixture of housing and commercial developments under construction. Larger residential developments underway include Carmela, Coral Mountain, Andalusia, PGA West, Tradition, Hideaway, Madison Club, and Rancho Santana and commercial developments include luxury Montage and lifestyle Pendry hotels, Pavilion Palms, and The Peak mixed use development. Approved housing developments on the horizon include Centre at La Quinta, Palo Verde, Piazza Serena and Diamante. In addition, the City is acquiring land for potential affordable 348 housing developments to further the City’s goals of fostering mixed-use development, affordable housing, and multi-modal transportation, and development of the Highway 111 Corridor as outline in the General Plan. The Highway 111 Corridor Plan (Plan) continues to be a priority with daily traffic exceeding 40,000 vehicles, and accounting for nearly 80% of the City’s annual sales tax revenue. The two mile-long, 400-acre regional commercial hub at the center of the City, is being evaluated to create a more connected and walkable environment through the implementation of form-based code (FBC). FBC is anticipated to reshape the corridor by adding mixed-use and infill development and incorporating ever-evolving shopping trends. Awards and Acknowledgements The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its ACFR for the fiscal year ended June 30, 2020. This was the twenty-fourth consecutive year that the City received this prestigious award. To be awarded a Certificate of Achievement, the City had to publish an easily readable and efficiently organized ACFR. A Certificate of Achievement is valid for one year. We believe that our current ACFR continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. We would like to express our appreciation to the City Council and the Financial Advisory Commission for their ongoing oversight of the financial affairs of the City and their prudent fiscal, economic, and land use policy and direction. We also thank City staff with special appreciation to the Finance Department for their continued effort to provide accurate financial data and the preparation of this report. Respectfully Submitted, Jon McMillen, City Manager Claudia Martinez, Finance Director 349 ǀŝ &LW\RI/D4XLQWD /LVWRI3ULQFLSDO2IILFHUV -XQH &,7<&281&,/ /LQGD(YDQV0D\RU 5REHUW5DGL0D\RU3UR7HP .DWKOHHQ)LW]SDWULFN&RXQFLO0HPEHU -RKQ3HxD&RXQFLO0HPEHU 6WHYH6DQFKH]&RXQFLO0HPEHU $'0,1,675$7,21 -RQ0F0LOOHQ&LW\0DQDJHU &ODXGLD0DUWLQH])LQDQFH'LUHFWRU&LW\7UHDVXUHU &KULVWRSKHU(VFREHGR&RPPXQLW\5HVRXUFHV'LUHFWRU 'DQQ\&DVWUR'HVLJQDQG'HYHORSPHQW'LUHFWRU %U\DQ0F.LQQH\3XEOLF:RUNV'LUHFWRU&LW\(QJLQHHU *LOEHUW9LOODOSDQGR'LUHFWRU %XVLQHVV8QLW+RXVLQJ'HYHORSPHQW  0RQLND5DGHYD&LW\&OHUN :LOOLDP+,KUNH&LW\$WWRUQH\ 350  ǀŝŝ     351 ǀŝŝŝ 352 What inspires you, inspires us. | eidebailly.com 10681 Foothill Blvd., Ste. 300 | Rancho Cucamonga, CA 91730-3831 | T 909.466.4410 | F 909.466.4431 | EOE ϭ /ŶĚĞƉĞŶĚĞŶƚƵĚŝƚŽƌ͛ƐZĞƉŽƌƚ dŚĞ,ŽŶŽƌĂďůĞDĂLJŽƌĂŶĚDĞŵďĞƌƐŽĨŝƚLJŽƵŶĐŝů ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ZĞƉŽƌƚŽŶƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ tĞŚĂǀĞĂƵĚŝƚĞĚƚŚĞĂĐĐŽŵƉĂŶLJŝŶŐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŽĨƚŚĞŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ͕ďƵƐŝŶĞƐƐͲƚLJƉĞ ĂĐƚŝǀŝƚŝĞƐ͕ĞĂĐŚŵĂũŽƌĨƵŶĚ͕ĂŶĚƚŚĞĂŐŐƌĞŐĂƚĞƌĞŵĂŝŶŝŶŐĨƵŶĚŝŶĨŽƌŵĂƚŝŽŶŽĨƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ ĂůŝĨŽƌŶŝĂ͕;ŝƚLJͿ͕ĂƐŽĨĂŶĚĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ĂŶĚƚŚĞƌĞůĂƚĞĚŶŽƚĞƐƚŽƚŚĞĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ͕ǁŚŝĐŚĐŽůůĞĐƚŝǀĞůLJĐŽŵƉƌŝƐĞƚŚĞŝƚLJ͛ƐďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƐůŝƐƚĞĚŝŶƚŚĞƚĂďůĞŽĨ ĐŽŶƚĞŶƚƐ͘ DĂŶĂŐĞŵĞŶƚ͛ƐZĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ DĂŶĂŐĞŵĞŶƚŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌƚŚĞƉƌĞƉĂƌĂƚŝŽŶĂŶĚĨĂŝƌƉƌĞƐĞŶƚĂƚŝŽŶŽĨƚŚĞƐĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŽĨŵĞƌŝĐĂ͖ƚŚŝƐŝŶĐůƵĚĞƐ ƚŚĞĚĞƐŝŐŶ͕ŝŵƉůĞŵĞŶƚĂƚŝŽŶ͕ĂŶĚŵĂŝŶƚĞŶĂŶĐĞŽĨŝŶƚĞƌŶĂůĐŽŶƚƌŽů ƌĞůĞǀĂŶƚƚŽƚŚĞƉƌĞƉĂƌĂƚŝŽŶĂŶĚĨĂŝƌ ƉƌĞƐĞŶƚĂƚŝŽŶŽĨĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐƚŚĂƚĂƌĞĨƌĞĞĨƌŽŵŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚ͕ǁŚĞƚŚĞƌĚƵĞƚŽĨƌĂƵĚŽƌ ĞƌƌŽƌ͘ ƵĚŝƚŽƌ͛ƐZĞƐƉŽŶƐŝďŝůŝƚLJ KƵƌƌĞƐƉŽŶƐŝďŝůŝƚLJŝƐƚŽĞdžƉƌĞƐƐŽƉŝŶŝŽŶƐŽŶƚŚĞƐĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐďĂƐĞĚŽŶŽƵƌĂƵĚŝƚ͘tĞ ĐŽŶĚƵĐƚĞĚŽƵƌĂƵĚŝƚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂƵĚŝƚŝŶŐƐƚĂŶĚĂƌĚƐŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŽĨ ŵĞƌŝĐĂĂŶĚƚŚĞƐƚĂŶĚĂƌĚƐĂƉƉůŝĐĂďůĞƚŽĨŝŶĂŶĐŝĂůĂƵĚŝƚƐĐŽŶƚĂŝŶĞĚŝŶ'ŽǀĞƌŶŵĞŶƚƵĚŝƚŝŶŐ^ƚĂŶĚĂƌĚƐ͕ ŝƐƐƵĞĚďLJƚŚĞŽŵƉƚƌŽůůĞƌ'ĞŶĞƌĂůŽĨƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐ͘dŚŽƐĞƐƚĂŶĚĂƌĚƐƌĞƋƵŝƌĞƚŚĂƚǁĞƉůĂŶĂŶĚ ƉĞƌĨŽƌŵƚŚĞĂƵĚŝƚƚŽŽďƚĂŝŶƌĞĂƐŽŶĂďůĞĂƐƐƵƌĂŶĐĞĂďŽƵƚǁŚĞƚŚĞƌƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƌĞĨƌĞĞĨƌŽŵ ŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚ͘ ŶĂƵĚŝƚŝŶǀŽůǀĞƐƉĞƌĨŽƌŵŝŶŐƉƌŽĐĞĚƵƌĞƐƚŽŽďƚĂŝŶĂƵĚŝƚĞǀŝĚĞŶĐĞĂďŽƵƚƚŚĞĂŵŽƵŶƚƐĂŶĚĚŝƐĐůŽƐƵƌĞƐŝŶ ƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘dŚĞƉƌŽĐĞĚƵƌĞƐƐĞůĞĐƚĞĚĚĞƉĞŶĚŽŶƚŚĞĂƵĚŝƚŽƌ͛ƐũƵĚŐŵĞŶƚ͕ŝŶĐůƵĚŝŶŐƚŚĞ ĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞƌŝƐŬƐŽĨŵĂƚĞƌŝĂůŵŝƐƐƚĂƚĞŵĞŶƚŽĨƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ǁŚĞƚŚĞƌĚƵĞƚŽĨƌĂƵĚŽƌ ĞƌƌŽƌ͘/ŶŵĂŬŝŶŐƚŚŽƐĞƌŝƐŬĂƐƐĞƐƐŵĞŶƚƐ͕ƚŚĞĂƵĚŝƚŽƌĐŽŶƐŝĚĞƌƐŝŶƚĞƌŶĂůĐŽŶƚƌŽůƌĞůĞǀĂŶƚƚŽƚŚĞĞŶƚŝƚLJ͛Ɛ ƉƌĞƉĂƌĂƚŝŽŶĂŶĚĨĂŝƌƉƌĞƐĞŶƚĂƚŝŽŶŽĨƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŝŶŽƌĚĞƌƚŽĚĞƐŝŐŶĂƵĚŝƚƉƌŽĐĞĚƵƌĞƐƚŚĂƚ ĂƌĞĂƉƉƌŽƉƌŝĂƚĞŝŶƚŚĞĐŝƌĐƵŵƐƚĂŶĐĞƐ͕ďƵƚŶŽƚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĞdžƉƌĞƐƐŝŶŐĂŶŽƉŝŶŝŽŶŽŶƚŚĞ ĞĨĨĞĐƚŝǀĞŶĞƐƐŽĨƚŚĞĞŶƚŝƚLJ͛ƐŝŶƚĞƌŶĂůĐŽŶƚƌŽů͘ĐĐŽƌĚŝŶŐůLJ͕ǁĞĞdžƉƌĞƐƐŶŽƐƵĐŚŽƉŝŶŝŽŶ͘ŶĂƵĚŝƚĂůƐŽ ŝŶĐůƵĚĞƐĞǀĂůƵĂƚŝŶŐƚŚĞĂƉƉƌŽƉƌŝĂƚĞŶĞƐƐŽĨĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐƵƐĞĚĂŶĚƚŚĞƌĞĂƐŽŶĂďůĞŶĞƐƐŽĨ ƐŝŐŶŝĨŝĐĂŶƚĂĐĐŽƵŶƚŝŶŐĞƐƚŝŵĂƚĞƐŵĂĚĞďLJŵĂŶĂŐĞŵĞŶƚ͕ĂƐǁĞůůĂƐĞǀĂůƵĂƚŝŶŐƚŚĞŽǀĞƌĂůůƉƌĞƐĞŶƚĂƚŝŽŶŽĨ ƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘ tĞďĞůŝĞǀĞƚŚĂƚƚŚĞĂƵĚŝƚĞǀŝĚĞŶĐĞǁĞŚĂǀĞŽďƚĂŝŶĞĚŝƐƐƵĨĨŝĐŝĞŶƚĂŶĚĂƉƉƌŽƉƌŝĂƚĞƚŽƉƌŽǀŝĚĞĂďĂƐŝƐĨŽƌ ŽƵƌĂƵĚŝƚŽƉŝŶŝŽŶƐ͘ 353 Ϯ KƉŝŶŝŽŶƐ /ŶŽƵƌŽƉŝŶŝŽŶ͕ƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐƌĞĨĞƌƌĞĚƚŽĂďŽǀĞƉƌĞƐĞŶƚĨĂŝƌůLJ͕ŝŶĂůůŵĂƚĞƌŝĂůƌĞƐƉĞĐƚƐ͕ƚŚĞ ƌĞƐƉĞĐƚŝǀĞĨŝŶĂŶĐŝĂůƉŽƐŝƚŝŽŶŽĨƚŚĞŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ͕ďƵƐŝŶĞƐƐͲƚLJƉĞĂĐƚŝǀŝƚŝĞƐ͕ĞĂĐŚŵĂũŽƌĨƵŶĚ͕ ĂŶĚƚŚĞĂŐŐƌĞŐĂƚĞƌĞŵĂŝŶŝŶŐĨƵŶĚŝŶĨŽƌŵĂƚŝŽŶŽĨƚŚĞŝƚLJ͕ĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ĂŶĚƚŚĞƌĞƐƉĞĐƚŝǀĞ ĐŚĂŶŐĞƐŝŶĨŝŶĂŶĐŝĂůƉŽƐŝƚŝŽŶ͕ĂŶĚ͕ǁŚĞƌĞĂƉƉůŝĐĂďůĞ͕ĐĂƐŚĨůŽǁƐƚŚĞƌĞŽĨĨŽƌƚŚĞLJĞĂƌƚŚĞŶĞŶĚĞĚŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŽĨŵĞƌŝĐĂ͘ KƚŚĞƌDĂƚƚĞƌƐ ZĞƋƵŝƌĞĚ^ƵƉƉůĞŵĞŶƚĂƌLJ/ŶĨŽƌŵĂƚŝŽŶ ĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŽĨŵĞƌŝĐĂƌĞƋƵŝƌĞƚŚĂƚƚŚĞŵĂŶĂŐĞŵĞŶƚ͛Ɛ ĚŝƐĐƵƐƐŝŽŶĂŶĚĂŶĂůLJƐŝƐ͕ƐĐŚĞĚƵůĞŽĨƚŚĞŝƚLJ͛ƐƉƌŽƉŽƌƚŝŽŶĂƚĞƐŚĂƌĞŽĨƚŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ͕ƐĐŚĞĚƵůĞ ŽĨƉĞŶƐŝŽŶƉůĂŶĐŽŶƚƌŝďƵƚŝŽŶƐ͕ƐĐŚĞĚƵůĞŽĨĐŚĂŶŐĞƐŝŶƚŚĞŶĞƚKWůŝĂďŝůŝƚLJͬ;ĂƐƐĞƚͿĂŶĚƌĞůĂƚĞĚƌĂƚŝŽƐ͕ ƐĐŚĞĚƵůĞŽĨKWĐŽŶƚƌŝďƵƚŝŽŶƐ͕ĂŶĚƚŚĞďƵĚŐĞƚĂƌLJĐŽŵƉĂƌŝƐŽŶƐĐŚĞĚƵůĞƐĨŽƌƚŚĞ'ĞŶĞƌĂů&ƵŶĚĂŶĚ ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJƐƉĞĐŝĂůƌĞǀĞŶƵĞĨƵŶĚĂŶĚƚŚĞƌĞůĂƚĞĚŶŽƚĞƐ͕ĂƐůŝƐƚĞĚŽŶƚŚĞƚĂďůĞŽĨĐŽŶƚĞŶƚƐ͕ďĞ ƉƌĞƐĞŶƚĞĚƚŽƐƵƉƉůĞŵĞŶƚƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘^ƵĐŚŝŶĨŽƌŵĂƚŝŽŶ͕ĂůƚŚŽƵŐŚŶŽƚĂƉĂƌƚŽĨƚŚĞ ďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ŝƐƌĞƋƵŝƌĞĚďLJƚŚĞ'ŽǀĞƌŶŵĞŶƚĂůĐĐŽƵŶƚŝŶŐ^ƚĂŶĚĂƌĚƐŽĂƌĚ͕ǁŚŽĐŽŶƐŝĚĞƌƐ ŝƚƚŽďĞĂŶĞƐƐĞŶƚŝĂůƉĂƌƚŽĨĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐĨŽƌƉůĂĐŝŶŐƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŝŶĂŶ ĂƉƉƌŽƉƌŝĂƚĞŽƉĞƌĂƚŝŽŶĂů͕ĞĐŽŶŽŵŝĐ͕ŽƌŚŝƐƚŽƌŝĐĂůĐŽŶƚĞdžƚ͘tĞŚĂǀĞĂƉƉůŝĞĚĐĞƌƚĂŝŶůŝŵŝƚĞĚƉƌŽĐĞĚƵƌĞƐƚŽ ƚŚĞƌĞƋƵŝƌĞĚƐƵƉƉůĞŵĞŶƚĂƌLJŝŶĨŽƌŵĂƚŝŽŶŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂƵĚŝƚŝŶŐƐƚĂŶĚĂƌĚƐŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶ ƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŽĨŵĞƌŝĐĂ͕ǁŚŝĐŚĐŽŶƐŝƐƚĞĚŽĨŝŶƋƵŝƌŝĞƐŽĨŵĂŶĂŐĞŵĞŶƚĂďŽƵƚƚŚĞŵĞƚŚŽĚƐŽĨ ƉƌĞƉĂƌŝŶŐƚŚĞŝŶĨŽƌŵĂƚŝŽŶĂŶĚĐŽŵƉĂƌŝŶŐƚŚĞŝŶĨŽƌŵĂƚŝŽŶĨŽƌĐŽŶƐŝƐƚĞŶĐLJǁŝƚŚŵĂŶĂŐĞŵĞŶƚ͛ƐƌĞƐƉŽŶƐĞƐ ƚŽŽƵƌŝŶƋƵŝƌŝĞƐ͕ƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ĂŶĚŽƚŚĞƌŬŶŽǁůĞĚŐĞǁĞŽďƚĂŝŶĞĚĚƵƌŝŶŐŽƵƌĂƵĚŝƚŽĨ ƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘tĞĚŽŶŽƚĞdžƉƌĞƐƐĂŶŽƉŝŶŝŽŶŽƌƉƌŽǀŝĚĞĂŶLJĂƐƐƵƌĂŶĐĞŽŶƚŚĞ ŝŶĨŽƌŵĂƚŝŽŶďĞĐĂƵƐĞƚŚĞůŝŵŝƚĞĚƉƌŽĐĞĚƵƌĞƐĚŽŶŽƚƉƌŽǀŝĚĞƵƐǁŝƚŚƐƵĨĨŝĐŝĞŶƚĞǀŝĚĞŶĐĞƚŽĞdžƉƌĞƐƐĂŶ ŽƉŝŶŝŽŶŽƌƉƌŽǀŝĚĞĂŶLJĂƐƐƵƌĂŶĐĞ͘ KƚŚĞƌ/ŶĨŽƌŵĂƚŝŽŶ KƵƌĂƵĚŝƚǁĂƐĐŽŶĚƵĐƚĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĨŽƌŵŝŶŐŽƉŝŶŝŽŶƐŽŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐƚŚĂƚ ĐŽůůĞĐƚŝǀĞůLJĐŽŵƉƌŝƐĞƚŚĞŝƚLJΖƐďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘dŚĞŝŶƚƌŽĚƵĐƚŽƌLJƐĞĐƚŝŽŶ͕ĐŽŵďŝŶŝŶŐĂŶĚ ŝŶĚŝǀŝĚƵĂůĨƵŶĚƐƚĂƚĞŵĞŶƚƐĂŶĚƐĐŚĞĚƵůĞƐ͕ĂŶĚƐƚĂƚŝƐƚŝĐĂůƐĞĐƚŝŽŶĂƌĞƉƌĞƐĞŶƚĞĚĨŽƌƉƵƌƉŽƐĞƐŽĨ ĂĚĚŝƚŝŽŶĂůĂŶĂůLJƐŝƐĂŶĚĂƌĞŶŽƚĂƌĞƋƵŝƌĞĚƉĂƌƚŽĨƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘ dŚĞĐŽŵďŝŶŝŶŐĂŶĚŝŶĚŝǀŝĚƵĂůĨƵŶĚƐƚĂƚĞŵĞŶƚƐĂŶĚƐĐŚĞĚƵůĞƐĂƌĞƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJŽĨŵĂŶĂŐĞŵĞŶƚĂŶĚ ǁĞƌĞĚĞƌŝǀĞĚĨƌŽŵĂŶĚƌĞůĂƚĞƐĚŝƌĞĐƚůLJƚŽƚŚĞƵŶĚĞƌůLJŝŶŐĂĐĐŽƵŶƚŝŶŐĂŶĚŽƚŚĞƌƌĞĐŽƌĚƐƵƐĞĚƚŽƉƌĞƉĂƌĞ ƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘^ƵĐŚŝŶĨŽƌŵĂƚŝŽŶŚĂƐďĞĞŶƐƵďũĞĐƚĞĚƚŽƚŚĞĂƵĚŝƚŝŶŐƉƌŽĐĞĚƵƌĞƐĂƉƉůŝĞĚ ŝŶƚŚĞĂƵĚŝƚŽĨƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂŶĚĐĞƌƚĂŝŶĂĚĚŝƚŝŽŶĂůƉƌŽĐĞĚƵƌĞƐ͕ŝŶĐůƵĚŝŶŐĐŽŵƉĂƌŝŶŐĂŶĚ ƌĞĐŽŶĐŝůŝŶŐƐƵĐŚŝŶĨŽƌŵĂƚŝŽŶĚŝƌĞĐƚůLJƚŽƚŚĞƵŶĚĞƌůLJŝŶŐĂĐĐŽƵŶƚŝŶŐĂŶĚŽƚŚĞƌƌĞĐŽƌĚƐƵƐĞĚƚŽƉƌĞƉĂƌĞ ƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŽƌƚŽƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐƚŚĞŵƐĞůǀĞƐ͕ĂŶĚŽƚŚĞƌĂĚĚŝƚŝŽŶĂů ƉƌŽĐĞĚƵƌĞƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂƵĚŝƚŝŶŐƐƚĂŶĚĂƌĚƐŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŽĨŵĞƌŝĐĂ͘/Ŷ ŽƵƌŽƉŝŶŝŽŶ͕ƚŚĞĐŽŵďŝŶŝŶŐĂŶĚŝŶĚŝǀŝĚƵĂůĨƵŶĚƐƚĂƚĞŵĞŶƚƐĂŶĚƐĐŚĞĚƵůĞƐĂƌĞĨĂŝƌůLJƐƚĂƚĞĚ͕ŝŶĂůůŵĂƚĞƌŝĂů ƌĞƐƉĞĐƚƐ͕ŝŶƌĞůĂƚŝŽŶƚŽƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƐĂǁŚŽůĞ͘ dŚĞŝŶƚƌŽĚƵĐƚŽƌLJĂŶĚƐƚĂƚŝƐƚŝĐĂůƐĞĐƚŝŽŶƐŚĂǀĞŶŽƚďĞĞŶƐƵďũĞĐƚĞĚƚŽƚŚĞĂƵĚŝƚŝŶŐƉƌŽĐĞĚƵƌĞƐĂƉƉůŝĞĚŝŶ ƚŚĞĂƵĚŝƚŽĨƚŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂŶĚ͕ĂĐĐŽƌĚŝŶŐůLJ͕ǁĞĚŽŶŽƚĞdžƉƌĞƐƐĂŶŽƉŝŶŝŽŶŽƌƉƌŽǀŝĚĞĂŶLJ ĂƐƐƵƌĂŶĐĞŽŶƚŚĞŵ͘ 354 ϯ KƚŚĞƌZĞƉŽƌƚŝŶŐZĞƋƵŝƌĞĚďLJ'ŽǀĞƌŶŵĞŶƚƵĚŝƚŝŶŐ^ƚĂŶĚĂƌĚƐ /ŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ'ŽǀĞƌŶŵĞŶƚƵĚŝƚŝŶŐ^ƚĂŶĚĂƌĚƐ͕ǁĞŚĂǀĞĂůƐŽŝƐƐƵĞĚŽƵƌƌĞƉŽƌƚĚĂƚĞĚ:ƵŶĞϯϬ͕ϮϬϮϮ͕ ŽŶŽƵƌĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨƚŚĞŝƚLJ͛ƐŝŶƚĞƌŶĂůĐŽŶƚƌŽůŽǀĞƌĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐĂŶĚŽŶŽƵƌƚĞƐƚƐŽĨŝƚƐ ĐŽŵƉůŝĂŶĐĞǁŝƚŚĐĞƌƚĂŝŶƉƌŽǀŝƐŝŽŶƐŽĨůĂǁƐ͕ƌĞŐƵůĂƚŝŽŶƐ͕ĐŽŶƚƌĂĐƚƐ͕ĂŶĚŐƌĂŶƚĂŐƌĞĞŵĞŶƚƐĂŶĚŽƚŚĞƌ ŵĂƚƚĞƌƐ͘dŚĞƉƵƌƉŽƐĞŽĨƚŚĂƚƌĞƉŽƌƚŝƐƐŽůĞůLJƚŽĚĞƐĐƌŝďĞƚŚĞƐĐŽƉĞŽĨŽƵƌƚĞƐƚŝŶŐŽĨŝŶƚĞƌŶĂůĐŽŶƚƌŽůŽǀĞƌ ĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐĂŶĚĐŽŵƉůŝĂŶĐĞĂŶĚƚŚĞƌĞƐƵůƚƐŽĨƚŚĂƚƚĞƐƚŝŶŐ͕ĂŶĚŶŽƚƚŽƉƌŽǀŝĚĞĂŶŽƉŝŶŝŽŶŽŶƚŚĞ ĞĨĨĞĐƚŝǀĞŶĞƐƐŽĨƚŚĞŝƚLJ͛ƐŝŶƚĞƌŶĂůĐŽŶƚƌŽůŽǀĞƌĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐŽƌŽŶĐŽŵƉůŝĂŶĐĞ͘dŚĂƚƌĞƉŽƌƚŝƐĂŶ ŝŶƚĞŐƌĂůƉĂƌƚŽĨĂŶĂƵĚŝƚƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ'ŽǀĞƌŶŵĞŶƚƵĚŝƚŝŶŐ^ƚĂŶĚĂƌĚƐŝŶĐŽŶƐŝĚĞƌŝŶŐ ƚŚĞŝƚLJ͛ƐŝŶƚĞƌŶĂůĐŽŶƚƌŽůŽǀĞƌĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐĂŶĚĐŽŵƉůŝĂŶĐĞ͘ ZĂŶĐŚŽƵĐĂŵŽŶŐĂ͕ĂůŝĨŽƌŶŝĂ :ƵŶĞϯϬ͕ϮϬϮϮ 355 ϰ dŚŝƐƉĂŐĞŝŶƚĞŶƚŝŽŶĂůůLJůĞĨƚďůĂŶŬ͘ 356 ϰ 0$1$*(0(17',6&866,21 $1'$1$/<6,6 81$8',7('  7KLVQDUUDWLYHSURYLGHVDQRYHUYLHZDQGDQDO\VLVRIWKH&LW\RI/D4XLQWD¶V &LW\  ILQDQFLDODFWLYLWLHVIRUWKHILVFDO\HDUHQGLQJ-XQH7KH&LW\([HFXWLYH 7HDPHQFRXUDJHVUHDGHUVWRFRQVLGHUWKLVLQIRUPDWLRQLQFRQMXQFWLRQZLWKWKH GDWDSURYLGHGLQRXUWUDQVPLWWDOOHWWHUZKLFKLVLQDQHDUOLHUVHFWLRQRIWKLVUHSRUW $OODPRXQWVXQOHVVRWKHUZLVHLQGLFDWHGDUHURXQGHGWRWKHQHDUHVWWKRXVDQG GROODUVDQGGDWHVDUHUHSUHVHQWHGE\ILVFDO\HDU 357 ϱ +,*+/,*+76 $WWKHFORVHRI -XQH  •7KHWRWDODVVHWVDQGGHIHUUHGRXWIORZVRIWKH&LW\H[FHHGHGLWVWRWDO OLDELOLWLHVDQGGHIHUUHGLQIORZVDWWKHFORVHRIWKHILVFDO\HDU E\ QHWSRVLWLRQ 2IWKLVDPRXQW XQUH VWULFWHGQHWSRVLWLRQ PD\EHXVHGWRPHHWRQJRLQJREOLJDWLRQVDQG DSSUR[LPDWHO\RUZDVLQYHVWHGLQFDSLWDODVVHWV DQGLVQRWDYDLODEOHWRPHHWRQJRLQJREOLJDWLRQV •*RYHUQPHQWDODFWLYLWLHVWRWDOQHWSRVLWLRQLQFUHDVHGE\ DQGWKH%XVLQHVV7\SHWRWDOQHWSRVLWLRQLQFUHDVHGE\ZKLFK LVDWWULEXWDEOHWRWKH6LOYHU5RFN*ROI&RXUVH •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•7KH XQDVVLJQHG *HQHUDO )XQG EDODQFH FRPSULVHG  RU RIWKHWRWDOEDODQFHDQGUHSUHVHQWHGRIWRWDO ILQDO*HQHUDO)XQGEXGJHWHGH[SHQVHVLQFOXGLQJWUDQVIHUVDQGPXOWL \HDUFDSLWDOSURMHFWV •7RWDO JRYHUQPHQWDO DFWLYLWLHV ORQJWHUP OLDELOLWLHV LQFUHDVHG E\ IURPWR7KLVLQFUHDVHLVODUJHO\ DWWULEXWHG WR DQ LQFUHDVH RI  LQ WKH &LW\¶V QHW SHQVLRQ OLDELOLW\ 1RWH 29(59,(: *RYHUQPHQW:LGH)LQDQFLDO6WDWHPHQWV 7KHJRYHUQPHQWZLGHILQDQFLDOVWDWHPHQWVSURYLGHDEURDGRYHUYLHZRIWKH &LW\¶VILQDQFHV7KHUHDUHWZRVWDWHPHQWV±VWDWHPHQWRIQHWSRVLWLRQDQG VWDWHPHQWRIDFWLYLWLHVDVGHVFULEHGEHORZ 7KHVWDWHPHQWRIQHWSRVLWLRQSUHVHQWVLQIRUPDWLRQRQDOO&LW\DVVHWVDQG GHIHUUHGRXWIORZVRIUHVRXUFHVDVZHOODVOLDELOLWLHVDQGGHIHUUHGLQIORZVRI UHVRXUFHVZLWKWKHGLIIHUHQFHEHWZHHQWKHWZRUHSRUWHGDVQHWSRVLWLRQ 2YHUWLPHLQFUHDVHVRUGHFUHDVHVLQQHWSRVLWLRQPD\VHUYHDVDXVHIXO LQGLFDWRU RI ZKHWKHU WKH &LW\¶V ILQDQFLDO SRVLWLRQ LV LPSURYLQJRU GHWHULRUDWLQJ 358 ϲ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¶VIXQGVDUHDJJUHJDWHGLQWRWKUHHFDWHJRULHV JRYHUQPHQWDOIXQGVSURSULHWDU\IXQGVDQGILGXFLDU\IXQGV *RYHUQPHQWDO)XQGV *RYHUQPHQWDO IXQGV DUH XVHG WR DFFRXQW IRU HVVHQWLDOO\ WKH VDPH IXQFWLRQVUHSRUWHGDVJRYHUQPHQWDODFWLYLWLHVLQWKHJRYHUQPHQWZLGH ILQDQFLDOVWDWHPHQWV+RZHYHUXQOLNHWKHJRYHUQPHQWZLGHILQDQFLDO VWDWHPHQWV JRYHUQPHQWDO IXQG ILQDQFLDO VWDWHPHQWV IRFXV RQ QHDU WHUPLQIORZVDQGRXWIORZVRIVSHQGDEOHUHVRXUFHVDVZHOODVRQ EDODQFHV RIVSHQGDEOHUHVRXUFHVDYDLODEOH DW WKHHQG RI WKH ILVFDO \HDU6XFK LQIRUPDWLRQ PD\ EH XVHIXO LQ HYDOXDWLQJ D JRYHUQPHQW V QHDUWHUP ILQDQFLQJUHTXLUHPHQWV 359 ϳ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¶VYDULRXV IXQFWLRQV 7KH &LW\ KDV IRXU   LQWHUQDO VHUYLFH IXQGV (TXLSPHQW 5HSODFHPHQW,QIRUPDWLRQ7HFKQRORJ\3DUN(TXLSPHQWDQG)DFLOLWLHV DQG,QVXUDQFH%HFDXVHWKHVHIRXU  VHUYLFHVSUHGRPLQDQWO\EHQHILW JRYHUQPHQWDO UDWKHU WKDQ EXVLQHVVW\SH IXQFWLRQV WKH\ KDYH EHHQ LQFOXGHGZLWKLQJRYHUQPHQWDODFWLYLWLHVLQWKHJRYHUQPHQWZLGHILQDQFLDO VWDWHPHQWV7KHLQWHUQDOVHUYLFHIXQGVDUHFRPELQHGLQWRDVLQJOH DJJUHJDWHGSUHVHQWDWLRQLQWKHSURSULHWDU\IXQGILQDQFLDOVWDWHPHQWV ,QGLYLGXDOIXQGGDWDIRUWKHLQWHUQDOVHUYLFHIXQGVLVSURYLGHGLQWKHIRUP RI FRPELQLQJ VWDWHPHQWV RQ WKH &RPELQLQJ DQG ,QGLYLGXDO )XQG 6WDWHPHQWVDQG6FKHGXOHVVHFWLRQRIWKHUHSRUW 360 ϴ 7KHEDVLFSURSULHWDU\IXQGILQDQFLDOVWDWHPHQWVDUHOLVWHGLQWKHWDEOHRI FRQWHQWVXQGHU3URSULHWDU\)XQGV6WDWHPHQWRI1HW3RVLWLRQ6WDWHPHQWRI 5HYHQXHV([SHQVHVDQG&KDQJHVLQ)XQG1HW3RVLWLRQDQG6WDWHPHQWRI &DVK)ORZV )LGXFLDU\)XQGV )LGXFLDU\IXQGVDUHXVHGWRDFFRXQWIRUUHVRXUFHVKHOGIRUWKHEHQHILWRI SDUWLHVRXWVLGHWKHJRYHUQPHQW)LGXFLDU\IXQGVDUHQRWUHIOHFWHGLQWKH JRYHUQPHQWZLGH ILQDQFLDO VWDWHPHQWV EHFDXVH WKH UHVRXUFHV RI WKRVH IXQGVDUHQRWDYDLODEOHWRVXSSRUWWKH&LW\¶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±)LGXFLDU\ )XQGVDQG&KDQJHVLQ1HW3RVLWLRQ±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¶ FRPELQLQJ VWDWHPHQWV DUH SUHVHQWHG LPPHGLDWHO\IROORZLQJWKH5HTXLUHG6XSSOHPHQWDU\,QIRUPDWLRQZKLOHWKH FRPELQHGVWDWHPHQWVIRUWKHLQWHUQDOVHUYLFHIXQGVLVSUHVHQWHGIROORZLQJ WKHEXGJHWDU\FRPSDULVRQVFKHGXOHVIRUWKHGHEWVHUYLFHIXQGV 361 ϵ *RYHUQPHQW:LGH)LQDQFLDO$QDO\VLV $VQRWHGHDUOLHUQHWSRVLWLRQPD\VHUYHRYHUWLPHDVDXVHIXOLQGLFDWRURI DJRYHUQPHQW VILQDQFLDOSRVLWLRQ,QWKHFDVHRIWKH&LW\DVVHWV DQG GHIHUUHGRXWIORZVRIUHVRXUFHVH[FHHGHGLWVOLDELOLWLHVDQGGHIHUUHGLQIORZV RI UHVRXUFHV E\  DW WKH FORVH RI WKH  ZKLFKLV PRUHWKDQWKHSUHYLRXV\HDU,QFUHDVHVZHUHUHIOHFWHGLQDOO WKUHHFDWHJRULHVFDSLWDODVVHWVUHVWULFWHGDQGXQUHVWULFWHGQHWSRVLWLRQIRU JRYHUQPHQWDODFWLYLWLHV 7KHODUJHVWSRUWLRQRIWKH&LW\¶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ϭϬ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•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•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ϭϭ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¶6)81'6 $V QRWHG HDUOLHU WKH &LW\ XVHV IXQG DFFRXQWLQJ WR HQVXUH DQG GHPRQVWUDWHFRPSOLDQFHZLWKILQDQFHUHODWHGOHJDOUHTXLUHPHQWV *RYHUQPHQWDO)XQGV 7KHIRFXVRIWKH&LW\¶VJRYHUQPHQWDOIXQGVLVWRSURYLGHLQIRUPDWLRQRQ QHDUWHUPLQIORZVRXWIORZVDQGEDODQFHV6XFKLQIRUPDWLRQLVXVHIXOLQ DVVHVVLQJWKH&LW\ VILQDQFLQJUHTXLUHPHQWV,QSDUWLFXODUXQDVVLJQHG IXQGEDODQFHPD\VHUYHDVDXVHIXOPHDVXUHRIDJRYHUQPHQW VQHW UHVRXUFHVDYDLODEOHIRUVSHQGLQJDWWKHHQGRIWKHILVFDO\HDU $VRIWKHHQGRIWKH&LW\ VJRYHUQPHQWDOIXQGVUHSRUWHGFRPELQHG HQGLQJIXQGDVIROORZV &LW\RI/D4XLQWD*RYHUQPHQWDO)XQG%DODQFHV *RYHUQPHQWDO IXQG EDODQFHV HQGHGWKH \HDU WRWDOLQJ  DQ LQFUHDVHRILQFRPSDULVRQZLWKWKHSULRU\HDUV¶HQGLQJEDODQFH RI7KHVHFROOHFWLYHIXQGEDODQFHVLQFOXGHWKH*HQHUDO)XQG +RXVLQJ$XWKRULW\)LQDQFLQJ $XWKRULW\&DSLWDO,PSURYHPHQW)XQG DQG YDULRXV6SHFLDO5HYHQXHDQG&DSLWDO,PSURYHPHQWIXQGV &DWHJRU\ *HQHUDO)XQG 3HUFHQW $OO2WKHU)XQGV 3HUFHQW 7RWDO)XQGV 3HUFHQW 1RQVSHQGDEOH       5HVWULFWHG    &RPPLWWHG    $VVLJQHG    8QDVVLJQHG     727$/     364 ϭϮ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¶VLQIUDVWUXFWXUH &RPPLWWHG   DUHFRPPLWWHGIXQGEDODQFHVZKLFKDUHWKHUHVXOWRI VHOILPSRVHGOLPLWDWLRQVHVWDEOLVKHGE\WKH&LW\&RXQFLO7KH&LW\DGRSWHG D5HVHUYH3ROLF\LQ0D\ZKLFKHVWDEOLVKHG*HQHUDO)XQGFRPPLWWHG UHVHUYHFDWHJRULHVLQFOXGLQJ1DWXUDO'LVDVWHU5HVHUYH(FRQRPLF'LVDVWHU 5HVHUYH&DVK)ORZ5HVHUYHDQG&DSLWDO5HSODFHPHQW5HVHUYH $VVLJQHG $VVLJQHGIXQGVDUHFRQVWUDLQHGE\WKH&LW\¶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ϭϯ *HQHUDO)XQG 7KH*HQHUDO)XQGLVWKH&LW\¶VFKLHIRSHUDWLQJIXQG$WWKHHQGRI WKHXQDVVLJQHGIXQGEDODQFHZDVZKLOHWRWDOIXQGEDODQFHZDV  7KH *HQHUDO )XQG EDODQFH LQFUHDVHG E\  LQ  .H\ IDFWRUVZHUH •$ \HDURYHU\HDU GHFUHDVH RI  LQ QRQVSHQGDEOH LV DWWULEXWHGWKH 5HGHYHORSPHQW $JHQF\ORDQUHSD\PHQWRI RIIVHWE\LQWHUHVWHDUQLQJVRIUHVXOWHGLQDQHW GHFUHDVH RI  LQ 'XH IURP 2WKHU *RYHUQPHQWV 7KH RXWVWDQGLQJORDQEDODQFHRILVUHFRJQL]HGDVLQWKH *HQHUDO)XQGDQGLQWKH+RXVLQJ$XWKRULW\)XQG •5HVWULFWHGUHVHUYHVDUHOLPLWHGWRIXQGVKHOGLQD6HFWLRQ3HQVLRQ 7UXVWVHWDVLGHWRIXQGWKH&LW\¶VSHQVLRQREOLJDWLRQV7KHWUXVWZDV LQLWLDOO\ HVWDEOLVKHG LQ  ZLWK  DQG LQ  DGGLWLRQDO FRQWULEXWLRQV FRXSOHG ZLWK LQYHVWPHQW JDLQV FDXVHG WKH WUXVWWRLQFUHDVHE\ •&RPPLWWHGUHVHUYHVLQFUHDVHGE\7KHLQFUHDVHUHVXOWHG IURPDQLQFUHDVHRILQWKH&DSLWDO5HSODFHPHQW5HVHUYHV DQGLQWKH(FRQRPLF'LVDVWHU5HVHUYH •$QLQFUHDVHRILQDVVLJQHGUHVHUYHVZDVSULPDULO\GXHWR DQLQFUHDVHLQWKH0HDVXUH*VDOHVWD[UHVHUYH   $VVLJQHGWRSXEOLFVDIHW\UHSUHVHQWVSURSHUW\WD[DFFXPXODWHGDQG KHOGLQWUXVWE\WKH&RXQW\RI5LYHUVLGHIRUILUHSURWHFWLRQGLVDVWHU SUHSDUHGQHVV DQG UHVSRQVH ILUH SUHYHQWLRQ UHVFXH KD]DUGRXV PDWHULDOVPLWLJDWLRQWHFKQLFDOUHVFXHUHVSRQVHPHGLFDOHPHUJHQF\ VHUYLFHV DQG SXEOLF VHUYLFH DVVLVWDQFH WKH &RXQW\ DQG &LW\ QHJRWLDWHGDQDJUHHPHQWZKHUHLQWKH&RXQW\ILUHVHUYLFHSURSHUW\ WD[UHYHQXHJHQHUDWHGLQWKHWZRIRUPHU&LW\UHGHYHORSPHQWSURMHFW DUHDVLVSOHGJHGWRWKH&LW\WRIXQGWKHDIRUHPHQWLRQHGVHUYLFHV  7KLVSRUWLRQRIDVVLJQHGIXQGEDODQFHDVRI-XQHLV  •$FWXDOH[SHQVHVZHUHORZHUWKDQWKHILQDOEXGJHWRIZKLFK  ZDV FDUULHG RYHU LQWR  IRU FRQWLQXLQJ DSSURSULDWLRQVUHODWHGWRRSHUDWLRQV)XQGVQRWEHLQJFDUULHGRYHUDUH UHFRJQL]HGDV8QDVVLJQHG)XQG%DODQFHLQWKH*HQHUDO)XQG&,3 UHYHQXHFRPPLWPHQWVWRWDOLQJDUHUHIOHFWHGLQDVVLJQHG UHVHUYHVDQGRSHUDWLRQDOFDUU\RYHUVDUHQRWHGLQFRPPLWWHGUHVHUYHV 366 ϭϰ +RXVLQJ$XWKRULW\)XQG 7KH +RXVLQJ $XWKRULW\ )XQG LV XVHG WR DFFRXQW IRU WKH DFWLYLWLHV RI WKH +RXVLQJ$XWKRULW\WKH+RXVLQJ$XWKRULW\LQYHVWVLQSURJUDPVDQGSURMHFWV WKDWSUHVHUYHDQGLQFUHDVHWKHVXSSO\RIDIIRUGDEOHKRXVLQJLQWKH&LW\7KH IXQGEDODQFHLQFUHDVHGE\WRHQGWKH\HDUDW &DSLWDO,PSURYHPHQW)XQG 7KH&DSLWDO,PSURYHPHQW)XQGLVSULPDULO\XVHGWRUHFRUGWKHH[SHQGLWXUHV IRU FDSLWDO SURMHFWV 7KH IXQG KDG WKLUW\HLJKW   DFWLYH &DSLWDO ,PSURYHPHQW 3URMHFWV EXGJHWHG GXULQJ  7KH ILYH PRVW DFWLYH SURMHFWVZHUH •6LOYHU5RFN,QIUDVWUXFWXUH,PSURYHPHQWV  •/D4XLQWD9LOODJH&RPSOHWH6WUHHWV  •6LOYHU5RFN(YHQW6LWH  •/D4XLQWD;3DUN  •:DVKLQJWRQ6WUHHWDW)UHG:DULQJ6WUHHW,PSURYHPHQWV  7KHVHSURMHFWVDORQJZLWKRWKHUVOHYHUDJHG6WDWHRU)HGHUDOJUDQWIXQGV RUZHUHVLJQLILFDQWO\VXSSRUWHGZLWK0HDVXUH*VDOHVWD[UHYHQXHV 35235,(7$5<)81'6 7KH &LW\ RI /D 4XLQWD V SURSULHWDU\ IXQGV SURYLGH WKH VDPH W\SHRI LQIRUPDWLRQIRXQGLQWKHJRYHUQPHQWZLGHILQDQFLDOVWDWHPHQWVEXWLQPRUH GHWDLO 7KH ILQDQFLDO DFWLYLWLHV RI WKH &LW\ HQWHUSULVH IXQG DUH DGGUHVVHG LQ WKH GLVFXVVLRQRIWKH&LW\¶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±VDOHVWD[HV SURSHUW\WD[HVDQGWUDQVLHQWRFFXSDQF\WD[HV 727   &RPELQHG WKHVH WRS WKUHH UHYHQXHV DFFRXQW IRU RURIDOOWD[HV 367 ϭϱ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¶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•5HFRUGLQJLQIUDVWUXFWXUHLPSURYHPHQWVVWUHHWLPSURYHPHQWVVWUHHW ULJKWRIZD\VWUHHWVLGHZDONVDQGFXUEVDQGJXWWHUVWUDIILFVLJQDOV VWUHHWPHGLDQVDQGFRQVWUXFWLRQLQSURJUHVV  /DQG      %XLOGLQJV ,P SURYHPHQWV       (TXLSPHQW )XUQLWXUH       9HKLFOHV    6RIWZDUH  ,QIUDVWUXFWXUH   &RQVWUXFWLRQLQ3URJUHVV  727$/  *RYHUQPHQWDO$FWLYLWLHV %XVLQHVV7\SH$FWLYLWLHV 7RWDO%\)LVFDO<HDU 'HVFULSWLRQ 368 ϭϲ %XVLQHVV7\SH$FWLYLWLHV 7KH*ROI&RXUVHFDSLWDODVVHWEDODQFHDW-XQHZDV QHWRIDFFXPXODWHGGHSUHFLDWLRQ7KHEDODQFHGHFUHDVHRIUHIOHFWV DFFXPXODWHGGHSUHFLDWLRQH[SHQVHGLQ $GGLWLRQDOLQIRUPDWLRQRQWKH&LW\RI/D4XLQWD¶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¶V ILQDQFHV4XHVWLRQVFRQFHUQLQJWKLVLQIRUPDWLRQRUUHTXHVWVIRUDGGLWLRQDO LQIRUPDWLRQVKRXOGEHDGGUHVVHGWRWKH&LW\RI/D4XLQWD&ODXGLD0DUWLQH] )LQDQFH 'LUHFWRU&LW\ 7UHDVXUHU  &DOOH 7DPSLFR /D 4XLQWD &$  E\ WHOHSKRQH DW  RU E\ HPDLO DW ILQDQFH#ODTXLQWDFDJRY 'HEW7\SH &DSLWDO/HDVHV    &RPSHQVDWHG$EVHQFHV  1HW23(% $VVHW /LDELOLW\   1HW3HQVLRQ/LDELOLW\ 727$/   *RYHUQPHQWDO$FWLYLWLHV 369 ϭϳ dŚŝƐƉĂŐĞŝŶƚĞŶƚŝŽŶĂůůLJůĞĨƚďůĂŶŬ͘ 370  ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  ϭϴ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨEĞƚWŽƐŝƚŝŽŶ :ƵŶĞϯϬ͕ϮϬϮϭ   'ŽǀĞƌŶŵĞŶƚĂů ƵƐŝŶĞƐƐͲdLJƉĞ ĐƚŝǀŝƚŝĞƐ ĐƚŝǀŝƚŝĞƐ dŽƚĂů ƐƐĞƚƐ ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭϱϵ͕Ϯϵϲ͕ϵϰϯΨ ϲϱϴ͕ϭϴϮΨ ϭϱϵ͕ϵϱϱ͕ϭϮϱΨ ZĞƐƚƌŝĐƚĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭϭ͕ϯϴϭ͕ϵϮϮ Ͳ ϭϭ͕ϯϴϭ͕ϵϮϮ ZĞĐĞŝǀĂďůĞƐ ĐĐŽƵŶƚƐ ϭ͕ϰϯϭ͕ϵϴϵ Ͳ ϭ͕ϰϯϭ͕ϵϴϵ dĂdžĞƐ ϳ͕Ϭϱϰ͕ϯϵϱ Ͳ ϳ͕Ϭϱϰ͕ϯϵϱ EŽƚĞƐĂŶĚůŽĂŶƐ ϮϮ͕ϲϴϱ͕ϱϬϳ Ͳ ϮϮ͕ϲϴϱ͕ϱϬϳ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ϰ͕ϳϲϭ͕ϲϮϲ ϮϭϬ ϰ͕ϳϲϭ͕ϴϯϲ WƌĞƉĂŝĚĐŽƐƚƐ Ϯϰϴ͕ϭϴϴ Ͳ Ϯϰϴ͕ϭϴϴ ĞƉŽƐŝƚƐ ϰϳ͕ϵϲϰ ϮϱϬ͕ϬϬϬ Ϯϵϳ͕ϵϲϰ ƵĞĨƌŽŵŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ϯϭ͕ϳϳϳ͕ϭϰϳ Ͳ ϯϭ͕ϳϳϳ͕ϭϰϳ /ŶǀĞŶƚŽƌŝĞƐ Ͳ ϵϮ͕Ϯϰϵ ϵϮ͕Ϯϰϵ >ĂŶĚŚĞůĚĨŽƌƌĞƐĂůĞ ϱ͕ϰϬϯ͕ϲϱϮ Ͳ ϱ͕ϰϬϯ͕ϲϱϮ ĂƉŝƚĂůĂƐƐĞƚƐŶŽƚďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ ϯϴϲ͕ϲϳϭ͕ϯϯϭ ϯϵ͕ϳϭϮ͕ϵϱϱ ϰϮϲ͕ϯϴϰ͕Ϯϴϲ ĂƉŝƚĂůĂƐƐĞƚƐ͕ŶĞƚŽĨĚĞƉƌĞĐŝĂƚŝŽŶ ϭϯϮ͕ϱϯϭ͕ϴϰϲ ϯ͕ϬϬϰ͕ϵϱϵ ϭϯϱ͕ϱϯϲ͕ϴϬϱ dŽƚĂůĂƐƐĞƚƐ ϳϲϯ͕ϮϵϮ͕ϱϭϬ ϰϯ͕ϳϭϴ͕ϱϱϱ ϴϬϳ͕Ϭϭϭ͕Ϭϲϱ ĞĨĞƌƌĞĚKƵƚĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐ ĞĨĞƌƌĞĚĂŵŽƵŶƚƐƌĞůĂƚĞĚƚŽKW ϮϵϮ͕ϵϮϵ Ͳ ϮϵϮ͕ϵϮϵ ĞĨĞƌƌĞĚĂŵŽƵŶƚƐƌĞůĂƚĞĚƚŽƉĞŶƐŝŽŶƐ ϰ͕ϬϴϬ͕ϬϴϬ Ͳ ϰ͕ϬϴϬ͕ϬϴϬ dŽƚĂůĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ ϰ͕ϯϳϯ͕ϬϬϵ Ͳ ϰ͕ϯϳϯ͕ϬϬϵ >ŝĂďŝůŝƚŝĞƐ ĐĐŽƵŶƚƐƉĂLJĂďůĞ ϭϭ͕ϮϬϰ͕ϴϴϰ ϱϵϲ͕ϯϵϭ ϭϭ͕ϴϬϭ͕Ϯϳϱ ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ ϰϯϲ͕ϯϯϴ Ͳ ϰϯϲ͕ϯϯϴ hŶĞĂƌŶĞĚƌĞǀĞŶƵĞ ϭ͕ϰϱϬ͕ϴϵϴ Ͳ ϭ͕ϰϱϬ͕ϴϵϴ ĞƉŽƐŝƚƐƉĂLJĂďůĞ ϳ͕ϳϮϰ͕ϰϱϵ ϯϱ͕ϱϬϬ ϳ͕ϳϱϵ͕ϵϱϵ ƵĞƚŽŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ϭ͕ϰϲϭ͕ϱϭϬ Ͳ ϭ͕ϰϲϭ͕ϱϭϬ EŽŶĐƵƌƌĞŶƚůŝĂďŝůŝƚŝĞƐ ƵĞǁŝƚŚŝŶŽŶĞLJĞĂƌ ϰϵϴ͕ϱϳϲ Ͳ ϰϵϴ͕ϱϳϲ ƵĞŝŶŵŽƌĞƚŚĂŶŽŶĞLJĞĂƌ ϭϱ͕ϱϭϯ͕ϴϴϵ Ͳϭϱ͕ϱϭϯ͕ϴϴϵ dŽƚĂůůŝĂďŝůŝƚŝĞƐ ϯϴ͕ϮϵϬ͕ϱϱϰϲϯϭ͕ϴϵϭϯϴ͕ϵϮϮ͕ϰϰϱ ĞĨĞƌƌĞĚ/ŶĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐ ĞĨĞƌƌĞĚĂŵŽƵŶƚƐƌĞůĂƚĞĚƚŽKWϰϭ͕ϭϱϴͲϰϭ͕ϭϱϴ ĞĨĞƌƌĞĚĂŵŽƵŶƚƐƌĞůĂƚĞĚƚŽƉĞŶƐŝŽŶƐ ϱϯϭ͕ϯϵϵͲϱϯϭ͕ϯϵϵ dŽƚĂůĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ ϱϳϮ͕ϱϱϳͲϱϳϮ͕ϱϱϳ EĞƚWŽƐŝƚŝŽŶ EĞƚŝŶǀĞƐƚŵĞŶƚŝŶĐĂƉŝƚĂůĂƐƐĞƚƐ ϱϭϵ͕ϮϬϯ͕ϭϳϳϰϮ͕ϳϭϳ͕ϵϭϰϱϲϭ͕ϵϮϭ͕Ϭϵϭ ZĞƐƚƌŝĐƚĞĚĨŽƌ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐ Ϯϰ͕ϳϱϭ͕ϰϰϯͲϮϰ͕ϳϱϭ͕ϰϰϯ WƵďůŝĐƐĂĨĞƚLJ ϵϯϭ͕ϯϱϮͲϵϯϭ͕ϯϱϮ WƵďůŝĐǁŽƌŬƐ ϱ͕ϭϵϲ͕ϯϮϰͲϱ͕ϭϵϲ͕ϯϮϰ ĂƉŝƚĂůƉƌŽũĞĐƚƐ ϯ͕Ϭϭϴ͕ϴϵϰͲϯ͕Ϭϭϴ͕ϴϵϰ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ϭϮ͕ϴϭϯ͕ϳϴϴͲϭϮ͕ϴϭϯ͕ϳϴϴ hŶƌĞƐƚƌŝĐƚĞĚ ϭϲϮ͕ϴϴϳ͕ϰϯϬϯϲϴ͕ϳϱϬϭϲϯ͕Ϯϱϲ͕ϭϴϬ dŽƚĂůŶĞƚƉŽƐŝƚŝŽŶ ϳϮϴ͕ϴϬϮ͕ϰϬϴΨϰϯ͕Ϭϴϲ͕ϲϲϰΨϳϳϭ͕ϴϴϵ͕ϬϳϮΨ WƌŝŵĂƌLJ'ŽǀĞƌŶŵĞŶƚ   371 ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐϭϵ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ KƉĞƌĂƚŝŶŐ ĂƉŝƚĂů ŚĂƌŐĞƐĨŽƌ ŽŶƚƌŝďƵƚŝŽŶƐ ŽŶƚƌŝďƵƚŝŽŶƐ &ƵŶĐƚŝŽŶƐͬWƌŽŐƌĂŵƐ džƉĞŶƐĞƐ ^ĞƌǀŝĐĞƐ ĂŶĚ'ƌĂŶƚƐ ĂŶĚ'ƌĂŶƚƐ WƌŝŵĂƌLJ'ŽǀĞƌŶŵĞŶƚ 'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚ ϴ͕ϭϬϲ͕ϮϬϵΨ  ϭ͕ϱϰϭ͕ϱϯϱΨ  Ϯϴ͕ϱϭϱΨ  ϰ͕ϯϮϵ͕ϰϯϰΨ  WƵďůŝĐƐĂĨĞƚLJ Ϯϰ͕ϰϮϵ͕ϯϭϬ ϳϳϬ͕ϳϲϬϳ͕ϮϵϮϭϱϵ͕ϵϮϭ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ϲ͕ϱϬϴ͕ϱϮϮϳϭϬ͕ϱϮϵϭϱϯ͕ϬϯϮϭ͕ϰϵϳ͕ϵϵϰ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ϲ͕ϵϱϴ͕Ϯϯϰϭϳϴ͕ϱϱϰϴϵϳ͕ϯϰϯͲ WƵďůŝĐǁŽƌŬƐ ϭϭ͕ϰϯϴ͕ϭϵϳϭ͕ϱϬϯ͕ϲϯϯϯ͕ϯϮϳ͕ϯϰϭϵ͕ϳϴϮ͕ϲϵϵ /ŶƚĞƌĞƐƚŽŶůŽŶŐͲƚĞƌŵĚĞďƚ ϰϮ͕ϬϴϭͲͲͲ dŽƚĂůŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ ϱϳ͕ϰϴϮ͕ϱϱϯϰ͕ϳϬϱ͕Ϭϭϭϰ͕ϰϭϯ͕ϱϮϯϭϱ͕ϳϳϬ͕Ϭϰϴ ƵƐŝŶĞƐƐͲdLJƉĞĐƚŝǀŝƚŝĞƐ 'ŽůĨŽƵƌƐĞ ϰ͕ϭϲϵ͕Ϯϴϲϯ͕ϱϬϵ͕ϬϵϲͲͲ dŽƚĂůƉƌŝŵĂƌLJŐŽǀĞƌŶŵĞŶƚ ϲϭ͕ϲϱϭ͕ϴϯϵΨ ϴ͕Ϯϭϰ͕ϭϬϳΨ ϰ͕ϰϭϯ͕ϱϮϯΨ ϭϱ͕ϳϳϬ͕ϬϰϴΨ  'ĞŶĞƌĂůZĞǀĞŶƵĞƐ dĂdžĞƐ WƌŽƉĞƌƚLJƚĂdžĞƐ͕ůĞǀŝĞĚĨŽƌŐĞŶĞƌĂůƉƵƌƉŽƐĞ dƌĂŶƐŝĞŶƚŽĐĐƵƉĂŶĐLJƚĂdžĞƐ ^ĂůĞƐƚĂdžĞƐ &ƌĂŶĐŚŝƐĞƚĂdžĞƐ ƵƐŝŶĞƐƐůŝĐĞŶƐĞƐƚĂdžĞƐ KƚŚĞƌƚĂdžĞƐ DŽƚŽƌǀĞŚŝĐůĞŝŶůŝĞƵͲƵŶƌĞƐƚƌŝĐƚĞĚ /ŶǀĞƐƚŵĞŶƚŝŶĐŽŵĞ KƚŚĞƌ džƚƌĂŽƌĚŝŶĂƌLJŝƚĞŵ dƌĂŶƐĨĞƌƐ dŽƚĂů'ĞŶĞƌĂůZĞǀĞŶƵĞƐ͕džƚƌĂŽƌĚŝŶĂƌLJ /ƚĞŵƐĂŶĚdƌĂŶƐĨĞƌƐ ŚĂŶŐĞŝŶEĞƚWŽƐŝƚŝŽŶ EĞƚWŽƐŝƚŝŽŶĂƚĞŐŝŶŶŝŶŐŽĨzĞĂƌ EĞƚWŽƐŝƚŝŽŶĂƚŶĚŽĨzĞĂƌ WƌŽŐƌĂŵZĞǀĞŶƵĞƐ 372  ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ ϮϬ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   'ŽǀĞƌŶŵĞŶƚĂů ƵƐŝŶĞƐƐͲdLJƉĞ ĐƚŝǀŝƚŝĞƐ ĐƚŝǀŝƚŝĞƐ dŽƚĂů ;Ϯ͕ϮϬϲ͕ϳϮϱͿΨ ͲΨ ;Ϯ͕ϮϬϲ͕ϳϮϱͿΨ ;Ϯϯ͕ϰϵϭ͕ϯϯϳͿͲ ;Ϯϯ͕ϰϵϭ͕ϯϯϳͿ ;ϰ͕ϭϰϲ͕ϵϲϳͿͲ ;ϰ͕ϭϰϲ͕ϵϲϳͿ ;ϱ͕ϴϴϮ͕ϯϯϲͿͲ ;ϱ͕ϴϴϮ͕ϯϯϲͿ ϯ͕ϭϳϱ͕ϰϳϲͲ ϯ͕ϭϳϱ͕ϰϳϲ ;ϰϮ͕ϬϴϭͿͲ;ϰϮ͕ϬϴϭͿ ;ϯϮ͕ϱϵϯ͕ϵϳϭͿͲ ;ϯϮ͕ϱϵϯ͕ϵϳϭͿ Ͳ ;ϲϲϬ͕ϭϵϬͿ;ϲϲϬ͕ϭϵϬͿ ;ϯϮ͕ϱϵϯ͕ϵϳϭͿ;ϲϲϬ͕ϭϵϬͿ;ϯϯ͕Ϯϱϰ͕ϭϲϭͿ ϭϲ͕ϴϵϯ͕ϲϮϵͲ ϭϲ͕ϴϵϯ͕ϲϮϵ ϭϭ͕ϴϰϳ͕ϭϯϵͲ ϭϭ͕ϴϰϳ͕ϭϯϵ Ϯϯ͕ϯϮϯ͕ϱϰϵͲ Ϯϯ͕ϯϮϯ͕ϱϰϵ Ϯ͕Ϭϱϱ͕ϱϬϱͲ Ϯ͕Ϭϱϱ͕ϱϬϱ ϯϴϯ͕ϱϱϭͲϯϴϯ͕ϱϱϭ ϭ͕ϱϲϴ͕ϵϵϳͲ ϭ͕ϱϲϴ͕ϵϵϳ ϰ͕ϯϳϲ͕ϰϱϱͲ ϰ͕ϯϳϲ͕ϰϱϱ ϭ͕ϰϮϳ͕ϲϲϰϭϯ͕Ϭϴϭϭ͕ϰϰϬ͕ϳϰϱ ϭ͕ϰϱϳ͕ϳϴϴͲ ϭ͕ϰϱϳ͕ϳϴϴ ϳϯϵ͕ϵϯϯͲϳϯϵ͕ϵϯϯ ;ϴϳϱ͕ϬϬϬͿϴϳϱ͕ϬϬϬͲ ϲϯ͕ϭϵϵ͕ϮϭϬϴϴϴ͕Ϭϴϭϲϰ͕Ϭϴϳ͕Ϯϵϭ ϯϬ͕ϲϬϱ͕ϮϯϵϮϮϳ͕ϴϵϭϯϬ͕ϴϯϯ͕ϭϯϬ ϲϵϴ͕ϭϵϳ͕ϭϲϵϰϮ͕ϴϱϴ͕ϳϳϯϳϰϭ͕Ϭϱϱ͕ϵϰϮ ϳϮϴ͕ϴϬϮ͕ϰϬϴΨϰϯ͕Ϭϴϲ͕ϲϲϰΨϳϳϭ͕ϴϴϵ͕ϬϳϮΨ WƌŝŵĂƌLJ'ŽǀĞƌŶŵĞŶƚ EĞƚ;džƉĞŶƐĞͿZĞǀĞŶƵĞĂŶĚŚĂŶŐĞƐŝŶEĞƚWŽƐŝƚŝŽŶ   373  ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  Ϯϭ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ĂůĂŶĐĞ^ŚĞĞƚʹ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ^ƉĞĐŝĂů ĂƉŝƚĂůWƌŽũĞĐƚƐ ZĞǀĞŶƵĞ&ƵŶĚ &ƵŶĚ KƚŚĞƌ dŽƚĂů ,ŽƵƐŝŶŐ ĂƉŝƚĂů 'ŽǀĞƌŶŵĞŶƚĂů 'ŽǀĞƌŶŵĞŶƚĂů 'ĞŶĞƌĂů ƵƚŚŽƌŝƚLJ /ŵƉƌŽǀĞŵĞŶƚ &ƵŶĚƐ &ƵŶĚƐ ƐƐĞƚƐ WŽŽůĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭϭϬ͕ϳϴϮ͕ϴϯϰΨ ϭϱ͕ϱϵϴ͕ϳϵϳΨ ϭ͕ϴϬϵ͕ϰϵϰΨ Ϯϭ͕ϱϴϴ͕ϯϱϲΨϭϰϵ͕ϳϳϵ͕ϰϴϭΨ ZĞƐƚƌŝĐƚĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭϭ͕ϯϴϭ͕ϵϮϮ Ͳ Ͳ Ͳ ϭϭ͕ϯϴϭ͕ϵϮϮ ZĞĐĞŝǀĂďůĞƐ ĐĐŽƵŶƚƐ ϳϯϬ͕ϯϭϬϭϲϲ͕ϲϱϴϮϴ͕ϵϮϱϱϬϬ͕ϬϬϬϭ͕ϰϮϱ͕ϴϵϯ dĂdžĞƐ ϲ͕ϯϴϰ͕ϯϰϲͲͲϲϳϬ͕Ϭϰϵϳ͕Ϭϱϰ͕ϯϵϱ EŽƚĞƐĂŶĚůŽĂŶƐ Ͳ ϮϮ͕ϲϴϱ͕ϱϬϳͲͲ ϮϮ͕ϲϴϱ͕ϱϬϳ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ϯϵ͕ϳϴϮϰ͕ϳϬϵ͕ϯϭϳͲϴ͕ϳϭϴϰ͕ϳϱϳ͕ϴϭϳ WƌĞƉĂŝĚĐŽƐƚƐ Ϯϱ͕ϮϰϲͲͲϭ͕ϬϭϵϮϲ͕Ϯϲϱ ĞƉŽƐŝƚƐ Ͳϰϳ͕ϵϲϰͲͲϰϳ͕ϵϲϰ ƵĞĨƌŽŵŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ Ϯϰ͕ϭϴϵ͕ϳϰϵϲ͕Ϭϭϳ͕ϲϱϱϱϮϳ͕ϵϳϰϭ͕Ϭϰϭ͕ϳϲϵϯϭ͕ϳϳϳ͕ϭϰϳ ƵĞĨƌŽŵŽƚŚĞƌĨƵŶĚƐ ϰϬϭ͕ϲϲϵͲͲͲϰϬϭ͕ϲϲϵ >ĂŶĚŚĞůĚĨŽƌƌĞƐĂůĞ ϱ͕ϰϬϯ͕ϲϱϮͲͲͲ ϱ͕ϰϬϯ͕ϲϱϮ dŽƚĂůĂƐƐĞƚƐ ϭϱϵ͕ϯϯϵ͕ϱϭϬΨϰϵ͕ϮϮϱ͕ϴϵϴΨϮ͕ϯϲϲ͕ϯϵϯΨϮϯ͕ϴϬϵ͕ϵϭϭΨϮϯϰ͕ϳϰϭ͕ϳϭϮΨ >ŝĂďŝůŝƚŝĞƐ͕ĞĨĞƌƌĞĚ/ŶĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐ ĂŶĚ&ƵŶĚĂůĂŶĐĞƐ >ŝĂďŝůŝƚŝĞƐ ĐĐŽƵŶƚƐƉĂLJĂďůĞ ϴ͕ϰϭϬ͕ϲϵϳΨϭϳ͕ϵϭϬΨϮ͕ϯϯϭ͕ϳϲϬΨϯϰϵ͕ϵϳϱΨϭϭ͕ϭϭϬ͕ϯϰϮΨ ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ ϯϵϭ͕ϲϵϮϭϴ͕ϭϴϭͲϮϱ͕Ϯϯϯϰϯϱ͕ϭϬϲ hŶĞĂƌŶĞĚƌĞǀĞŶƵĞƐ ϯϵ͕ϭϬϭͲ ϭ͕ϰϭϭ͕ϳϵϳͲ ϭ͕ϰϱϬ͕ϴϵϴ ĞƉŽƐŝƚƐƉĂLJĂďůĞ ϳ͕ϲϵϵ͕ϳϴϯϮϰ͕ϲϳϲͲͲ ϳ͕ϳϮϰ͕ϰϱϵ ƵĞƚŽŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ Ϯ͕ϳϮϭͲͲ ϭ͕ϰϱϴ͕ϳϴϵϭ͕ϰϲϭ͕ϱϭϬ ƵĞƚŽŽƚŚĞƌĨƵŶĚƐ ͲϮϲ͕ϳϳϳͲϯϳϰ͕ϴϵϮϰϬϭ͕ϲϲϵ dŽƚĂůůŝĂďŝůŝƚŝĞƐ ϭϲ͕ϱϰϯ͕ϵϵϰϴϳ͕ϱϰϰϯ͕ϳϰϯ͕ϱϱϳϮ͕ϮϬϴ͕ϴϴϵϮϮ͕ϱϴϯ͕ϵϴϰ ĞĨĞƌƌĞĚ/ŶĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐ hŶĂǀĂŝůĂďůĞƌĞǀĞŶƵĞ ϰϳϴ͕ϵϳϯϮϱ͕ϯϯϭ͕ϲϱϰͲϱϬϬ͕ϬϬϬϮϲ͕ϯϭϬ͕ϲϮϳ &ƵŶĚĂůĂŶĐĞƐ EŽŶƐƉĞŶĚĂďůĞ WƌĞƉĂŝĚĐŽƐƚƐ Ϯϱ͕ϮϰϲͲͲϭ͕ϬϭϵϮϲ͕Ϯϲϱ >ĂŶĚŚĞůĚĨŽƌƌĞƐĂůĞ ϱ͕ϰϬϯ͕ϲϱϮͲͲͲ ϱ͕ϰϬϯ͕ϲϱϮ ƵĞĨƌŽŵƐƵĐĐĞƐƐŽƌĂŐĞŶĐLJ Ϯϰ͕ϬϳϬ͕ϲϮϮͲͲͲ Ϯϰ͕ϬϳϬ͕ϲϮϮ ZĞƐƚƌŝĐƚĞĚĨŽƌ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐ Ͳ Ϯϯ͕ϴϬϲ͕ϳϬϬͲϵϰϰ͕ϳϰϯϮϰ͕ϳϱϭ͕ϰϰϯ WƵďůŝĐƐĂĨĞƚLJ ͲͲͲϵϯϭ͕ϯϱϮϵϯϭ͕ϯϱϮ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ͲͲͲ ϭϮ͕ϴϭϯ͕ϳϴϴϭϮ͕ϴϭϯ͕ϳϴϴ WƵďůŝĐǁŽƌŬƐ ͲͲͲ ϱ͕ϭϵϲ͕ϯϮϰϱ͕ϭϵϲ͕ϯϮϰ ĂƉŝƚĂůƉƌŽũĞĐƚƐ ͲͲͲ ϯ͕Ϭϭϴ͕ϴϵϰϯ͕Ϭϭϴ͕ϴϵϰ ^ĞĐƚŝŽŶϭϭϱƚƌƵƐƚ ϭϭ͕ϯϴϭ͕ϵϮϮͲͲͲ ϭϭ͕ϯϴϭ͕ϵϮϮ ŽŵŵŝƚƚĞĚƚŽ EĂƚƵƌĂůŝƐĂƐƚĞƌZĞƐĞƌǀĞ ϭϬ͕ϬϬϬ͕ϬϬϬͲͲͲ ϭϬ͕ϬϬϬ͕ϬϬϬ ĐŽŶŽŵŝĐŽǁŶƚƵƌŶZĞƐĞƌǀĞ ϭϭ͕ϬϬϬ͕ϬϬϬͲͲͲ ϭϭ͕ϬϬϬ͕ϬϬϬ ĂƐŚ&ůŽǁZĞƐĞƌǀĞ ϱ͕ϬϬϬ͕ϬϬϬͲͲͲ ϱ͕ϬϬϬ͕ϬϬϬ ĂƉŝƚĂůZĞƉůĂĐĞŵĞŶƚZĞƐĞƌǀĞ ϭϬ͕ϬϬϬ͕ϬϬϬͲͲͲ ϭϬ͕ϬϬϬ͕ϬϬϬ ĂƌƌLJŽǀĞƌƐ ϭ͕ϮϬϵ͕ϴϳϬͲͲͲ ϭ͕ϮϬϵ͕ϴϳϬ ƐƐŝŐŶĞĚĨŽƌ WƵďůŝĐƐĂĨĞƚLJϭϭ͕ϰϮϯ͕ϵϯϭͲͲͲ ϭϭ͕ϰϮϯ͕ϵϯϭ ^ĂůĞƐdĂdžZĞƐĞƌǀĞ ϭϱ͕ϭϮϴ͕ϲϱϴͲͲͲ ϭϱ͕ϭϮϴ͕ϲϱϴ ĂƉŝƚĂůƉƌŽũĞĐƚƐ ϭϯ͕ϰϯϭ͕ϬϴϵͲͲͲ ϭϯ͕ϰϯϭ͕Ϭϴϵ hŶĂƐƐŝŐŶĞĚ Ϯϰ͕Ϯϰϭ͕ϱϱϯͲ;ϭ͕ϯϳϳ͕ϭϲϰͿ;ϭ͕ϴϬϱ͕ϬϵϴͿϮϭ͕Ϭϱϵ͕Ϯϵϭ dŽƚĂůĨƵŶĚďĂůĂŶĐĞ ϭϰϮ͕ϯϭϲ͕ϱϰϯϮϯ͕ϴϬϲ͕ϳϬϬ;ϭ͕ϯϳϳ͕ϭϲϰͿϮϭ͕ϭϬϭ͕ϬϮϮϭϴϱ͕ϴϰϳ͕ϭϬϭ dŽƚĂůůŝĂďŝůŝƚŝĞƐ͕ĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨ ƌĞƐŽƵƌĐĞƐĂŶĚĨƵŶĚďĂůĂŶĐĞƐ ϭϱϵ͕ϯϯϵ͕ϱϭϬΨϰϵ͕ϮϮϱ͕ϴϵϴΨϮ͕ϯϲϲ͕ϯϵϯΨϮϯ͕ϴϬϵ͕ϵϭϭΨϮϯϰ͕ϳϰϭ͕ϳϭϮΨ  374  ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  ϮϮ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ZĞĐŽŶĐŝůŝĂƚŝŽŶŽĨƚŚĞ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐĂůĂŶĐĞ^ŚĞĞƚƚŽƚŚĞ^ƚĂƚĞŵĞŶƚŽĨEĞƚWŽƐŝƚŝŽŶ :ƵŶĞϯϬ͕ϮϬϮϭ   ŵŽƵŶƚƐƌĞƉŽƌƚĞĚĨŽƌŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨŶĞƚƉŽƐŝƚŝŽŶĂƌĞĚŝĨĨĞƌĞŶƚďĞĐĂƵƐĞ͗ &ƵŶĚďĂůĂŶĐĞƐŽĨŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐ ϭϴϱ͕ϴϰϳ͕ϭϬϭΨ ĂƉŝƚĂůĂƐƐĞƚƐŶĞƚŽĨĂĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶŚĂǀĞŶŽƚďĞĞŶ ŶŽƚďĞĞŶŝŶĐůƵĚĞĚĂƐĐƵƌƌĞŶƚĨŝŶĂŶĐŝĂůƌĞƐŽƵƌĐĞƐ ŝŶŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚĂĐƚŝǀŝƚLJ ϱϬϱ͕ϲϭϮ͕ϲϲϰ >ŽŶŐͲƚĞƌŵůŝĂďŝůŝƚŝĞƐĂƌĞŶŽƚĚƵĞĂŶĚƉĂLJĂďůĞŝŶƚŚĞĐƵƌƌĞŶƚƉĞƌŝŽĚ ĂŶĚƚŚĞƌĞĨŽƌĞĂƌĞŶŽƚƌĞƉŽƌƚĞĚŝŶƚŚĞŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐ͗ ĂƉŝƚĂůůĞĂƐĞƉĂLJĂďůĞ ;ϰϭ͕ϮϮϱͿΨ ŽŵƉĞŶƐĂƚĞĚĂďƐĞŶĐĞƐ ;ϵϱϬ͕ϯϬϵͿ EĞƚKWůŝĂďŝůŝƚLJ ;ϭϬϬ͕ϱϳϬͿ EĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ ;ϭϰ͕ϱϬϮ͕ϯϭϭͿ;ϭϱ͕ϱϵϰ͕ϰϭϱͿ ĞĨĞƌƌĞĚŽƵƚĨůŽǁƐƌĞůĂƚĞĚƚŽƉĞŶƐŝŽŶƐ ϰ͕ϬϴϬ͕ϬϴϬ ĞĨĞƌƌĞĚŽƵƚĨůŽǁƐƌĞůĂƚĞĚƚŽKW ϮϵϮ͕ϵϮϵ ĞĨĞƌƌĞĚŝŶĨůŽǁƐƌĞůĂƚĞĚƚŽƉĞŶƐŝŽŶƐ ;ϱϯϭ͕ϯϵϵͿ ĞĨĞƌƌĞĚŝŶĨůŽǁƐƌĞůĂƚĞĚƚŽKW ;ϰϭ͕ϭϱϴͿ ZĞǀĞŶƵĞƐƌĞƉŽƌƚĞĚĂƐƵŶĂǀĂŝůĂďůĞƌĞǀĞŶƵĞŝŶƚŚĞŐŽǀĞƌŶŵĞŶƚĂů ĨƵŶĚƐĂƌĞƌĞĐŽŐŶŝnjĞĚŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨĂĐƚŝǀŝƚŝĞƐ Ϯϲ͕ϯϭϬ͕ϲϮϳ /ŶƚĞƌŶĂůƐĞƌǀŝĐĞĨƵŶĚƐĂƌĞƵƐĞĚďLJŵĂŶĂŐĞŵĞŶƚƚŽĐŚĂƌŐĞƚŚĞ ĐŽƐƚƐŽĨĐĞƌƚĂŝŶĂĐƚŝǀŝƚŝĞƐ͕ƐƵĐŚĂƐĞƋƵŝƉŵĞŶƚŵĂŶĂŐĞŵĞŶƚ ĂŶĚƐĞůĨͲŝŶƐƵƌĂŶĐĞ͕ƚŽŝŶĚŝǀŝĚƵĂůĨƵŶĚƐ͘dŚĞĂƐƐĞƚƐĂŶĚůŝĂďŝůŝƚŝĞƐ ŽĨƚŚĞŝŶƚĞƌŶĂůƐĞƌǀŝĐĞĨƵŶĚƐĂƌĞŝŶĐůƵĚĞĚŝŶŐŽǀĞƌŶŵĞŶƚĂů ĂĐƚŝǀŝƚŝĞƐŽĨƚŚĞƐƚĂƚĞŵĞŶƚŽĨŶĞƚƉŽƐŝƚŝŽŶ ϮϮ͕ϴϮϱ͕ϵϳϵ EĞƚWŽƐŝƚŝŽŶŽĨ'ŽǀĞƌŶŵĞŶƚĂůĐƚŝǀŝƚŝĞƐ ϳϮϴ͕ϴϬϮ͕ϰϬϴΨ   375 ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐϮϯ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐ͕ĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐʹ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ ^ƉĞĐŝĂů ĂƉŝƚĂůWƌŽũĞĐƚƐ ZĞǀĞŶƵĞ&ƵŶĚ &ƵŶĚ KƚŚĞƌ dŽƚĂů ,ŽƵƐŝŶŐ ĂƉŝƚĂů 'ŽǀĞƌŶŵĞŶƚĂů 'ŽǀĞƌŶŵĞŶƚĂů 'ĞŶĞƌĂů ƵƚŚŽƌŝƚLJ /ŵƉƌŽǀĞŵĞŶƚƐ &ƵŶĚƐ &ƵŶĚƐ ZĞǀĞŶƵĞƐ dĂdžĞƐ ϱϭ͕ϱϭϱ͕ϴϱϰΨ ͲΨ ͲΨ  ϭ͕ϵϳϳ͕ϵϯϮΨϱϯ͕ϰϵϯ͕ϳϴϲΨ  ƐƐĞƐƐŵĞŶƚƐ ͲͲͲ ϵϴϰ͕ϰϯϱϵϴϰ͕ϰϯϱ >ŝĐĞŶƐĞƐĂŶĚƉĞƌŵŝƚƐ Ϯ͕ϬϮϬ͕ϱϵϲͲͲͲ Ϯ͕ϬϮϬ͕ϱϵϲ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϴ͕ϱϱϭ͕ϵϲϰͲ ϭϭ͕ϵϵϭ͕Ϯϯϰϱ͕ϭϳϳ͕ϭϯϬϮϱ͕ϳϮϬ͕ϯϮϴ ŚĂƌŐĞƐĨŽƌƐĞƌǀŝĐĞƐ ϵϲϰ͕ϳϭϬͲͲͲϵϲϰ͕ϳϭϬ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϭ͕ϱϲϵ͕ϭϰϵϭ͕Ϭϰϴ͕ϲϵϱͲ ;ϭϲ͕ϯϲϮͿϮ͕ϲϬϭ͕ϰϴϮ &ŝŶĞƐĂŶĚĨŽƌĨĞŝƚƵƌĞƐ ϳϳϵ͕ϲϬϲͲͲͲϳϳϵ͕ϲϬϲ ŽŶƚƌŝďƵƚŝŽŶƐĨƌŽŵŽƚŚĞƌĂŐĞŶĐŝĞƐ ͲͲͲͲͲ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ͲͲ ϭϳϭ͕ϭϯϰϭ͕ϲϳϯ͕ϱϯϭϭ͕ϴϰϰ͕ϲϲϱ DŝƐĐĞůůĂŶĞŽƵƐ ϲϰϮ͕ϵϰϵϭ͕ϴϮϬͲϭ͕Ϭϭϭϲϰϱ͕ϳϴϬ dŽƚĂůƌĞǀĞŶƵĞƐ ϲϲ͕Ϭϰϰ͕ϴϮϴϭ͕ϬϱϬ͕ϱϭϱϭϮ͕ϭϲϮ͕ϯϲϴϵ͕ϳϵϳ͕ϲϳϳϴϵ͕Ϭϱϱ͕ϯϴϴ džƉĞŶĚŝƚƵƌĞƐ ƵƌƌĞŶƚ 'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚ ϴ͕ϰϲϯ͕ϭϯϬͲͲϭ͕ϭϬϬϴ͕ϰϲϰ͕ϮϯϬ WƵďůŝĐƐĂĨĞƚLJ Ϯϰ͕Ϯϴϱ͕ϱϭϳͲͲ ϭϰϯ͕ϳϵϯϮϰ͕ϰϮϵ͕ϯϭϬ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ Ϯ͕ϵϵϳ͕ϰϱϵϴϱϭ͕ϴϮϬϭ͕Ϭϴϲ͕ϭϲϵϭ͕ϲϬϵ͕ϬϮϵϲ͕ϱϰϰ͕ϰϳϳ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ϯ͕ϭϴϲ͕ϬϰϮϯϬϬ͕ϬϬϬͲ Ϯ͕Ϭϵϳ͕ϯϳϴϱ͕ϱϴϯ͕ϰϮϬ WƵďůŝĐǁŽƌŬƐ ϭ͕ϵϯϬ͕ϴϯϴͲͲϯ͕ϯϱϲ͕ϰϰϮϱ͕Ϯϴϳ͕ϮϴϬ ĂƉŝƚĂůŽƵƚůĂLJ ϰϰϬ͕ϰϴϵͲ ϭϳ͕ϳϲϰ͕ϴϰϱϭϰ͕Ϭϱϭϭϴ͕Ϯϭϵ͕ϯϴϱ ĞďƚƐĞƌǀŝĐĞ /ŶƚĞƌĞƐƚĂŶĚĨŝƐĐĂůĐŚĂƌŐĞƐ ͲͲͲϭϱ͕ϭϯϯϭϱ͕ϭϯϯ dŽƚĂůĞdžƉĞŶĚŝƚƵƌĞƐ ϰϭ͕ϯϬϯ͕ϰϳϱϭ͕ϭϱϭ͕ϴϮϬϭϴ͕ϴϱϭ͕Ϭϭϰϳ͕Ϯϯϲ͕ϵϮϲϲϴ͕ϱϰϯ͕Ϯϯϱ džĐĞƐƐ;ĞĨŝĐŝĞŶĐLJͿŽĨZĞǀĞŶƵĞƐ ŽǀĞƌ;ƵŶĚĞƌͿdžƉĞŶĚŝƚƵƌĞƐ Ϯϰ͕ϳϰϭ͕ϯϱϯ;ϭϬϭ͕ϯϬϱͿ;ϲ͕ϲϴϴ͕ϲϰϲͿϮ͕ϱϲϬ͕ϳϱϭϮϬ͕ϱϭϮ͕ϭϱϯ KƚŚĞƌ&ŝŶĂŶĐŝŶŐ^ŽƵƌĐĞƐ;hƐĞƐͿ WƌŽĐĞĞĚƐĨƌŽŵƐĂůĞŽĨůĂŶĚ Ͳ ϭ͕Ϯϭϵ͕ϰϴϱͲͲ ϭ͕Ϯϭϵ͕ϰϴϱ dƌĂŶƐĨĞƌƐŝŶ ͲͲ ϴ͕ϵϳϲ͕Ϯϲϳϭ͕ϴϬϱ͕ϬϬϬϭϬ͕ϳϴϭ͕Ϯϲϳ dƌĂŶƐĨĞƌƐŽƵƚ ;ϲ͕ϯϱϬ͕ϰϮϯͿ;Ϯϳϴ͕ϬϲϮͿͲ ;ϰ͕ϵϯϵ͕ϳϵϲͿ;ϭϭ͕ϱϲϴ͕ϮϴϭͿ dŽƚĂůŽƚŚĞƌĨŝŶĂŶĐŝŶŐ ƐŽƵƌĐĞƐ;ƵƐĞƐͿ ;ϲ͕ϯϱϬ͕ϰϮϯͿϵϰϭ͕ϰϮϯϴ͕ϵϳϲ͕Ϯϲϳ;ϯ͕ϭϯϰ͕ϳϵϲͿϰϯϮ͕ϰϳϭ džƚƌĂŽƌĚŝŶĂƌLJ/ƚĞŵ ^ƵĐĐĞƐƐŽƌŐĞŶĐLJůŽĂŶ ϱϵϭ͕ϵϰϲϭϰϳ͕ϵϴϳͲͲϳϯϵ͕ϵϯϯ EĞƚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐ ϭϴ͕ϵϴϮ͕ϴϳϲϵϴϴ͕ϭϬϱϮ͕Ϯϴϳ͕ϲϮϭ;ϱϳϰ͕ϬϰϱͿϮϭ͕ϲϴϰ͕ϱϱϳ &ƵŶĚĂůĂŶĐĞƐ͕ĞŐŝŶŶŝŶŐŽĨzĞĂƌ ϭϮϯ͕ϯϯϯ͕ϲϲϳϮϮ͕ϴϭϴ͕ϱϵϱ;ϯ͕ϲϲϰ͕ϳϴϱͿϮϭ͕ϲϳϱ͕Ϭϲϳϭϲϰ͕ϭϲϮ͕ϱϰϰ &ƵŶĚĂůĂŶĐĞƐ͕ŶĚŽĨzĞĂƌ ϭϰϮ͕ϯϭϲ͕ϱϰϯΨ Ϯϯ͕ϴϬϲ͕ϳϬϬΨ;ϭ͕ϯϳϳ͕ϭϲϰͿΨϮϭ͕ϭϬϭ͕ϬϮϮΨϭϴϱ͕ϴϰϳ͕ϭϬϭΨ 376  ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  Ϯϰ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ZĞĐŽŶĐŝůŝĂƚŝŽŶŽĨƚŚĞ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐ͕ĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐŽĨ'ŽǀĞƌŶŵĞŶƚĂů &ƵŶĚƐƚŽƚŚĞ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   ŵŽƵŶƚƐƌĞƉŽƌƚĞĚĨŽƌŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨĂĐƚŝǀŝƚŝĞƐĂƌĞĚŝĨĨĞƌĞŶƚďĞĐĂƵƐĞ͗ EĞƚĐŚĂŶŐĞƐŝŶĨƵŶĚďĂůĂŶĐĞƐͲƚŽƚĂůŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐ Ϯϭ͕ϲϴϰ͕ϱϱϳΨ 'ŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐƌĞƉŽƌƚĐĂƉŝƚĂůƉƌŽũĞĐƚƐ;ŽƵƚůĂLJƐͿĂƐĞdžƉĞŶĚŝƚƵƌĞƐ͘ ,ŽǁĞǀĞƌ͕ŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨĂĐƚŝǀŝƚŝĞƐ͕ƚŚĞĐŽƐƚƐŽĨƚŚŽƐĞĂƐƐĞƚƐĂƌĞ ĂůůŽĐĂƚĞĚŽǀĞƌƚŚĞŝƌĞƐƚŝŵĂƚĞĚƵƐĞĨƵůůŝǀĞƐĂƐĚĞƉƌĞĐŝĂƚŝŽŶĞdžƉĞŶƐĞ͘ dŚŝƐŝƐƚŚĞĂŵŽƵŶƚďLJǁŚŝĐŚĐĂƉŝƚĂůŽƵƚůĂLJƐĞdžĐĞĞĚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ŝŶƚŚĞĐƵƌƌĞŶƚƉĞƌŝŽĚ͘ ĂƉŝƚĂůKƵƚůĂLJ͕ŶĞƚŽĨĂĚũƵƐƚŵĞŶƚƐĨŽƌĚĞůĞƚŝŽŶƐ ϭϴ͕ϬϲϬ͕ϬϱϱΨ džƉĞŶĚŝƚƵƌĞƐĐůĂƐƐŝĨŝĞĚŝŶǀĂƌŝŽƵƐĨƵŶĐƚŝŽŶƐĂƌĞ ƌĞĐůĂƐƐŝĨŝĞĚĂƐĐĂƉŝƚĂůĂĚĚŝƚŝŽŶƐ ϴϴϬ͕ϳϯϭ ĞƉƌĞĐŝĂƚŝŽŶdžƉĞŶƐĞ͕ŶĞƚŽĨĂĚũƵƐƚŵĞŶƚƐĨŽƌĚĞůĞƚŝŽŶƐ ;ϴ͕ϳϭϱ͕ϬϳϰͿϭϬ͕ϮϮϱ͕ϳϭϮ dŚŝƐŝƐƐƵĂŶĐĞŽĨůŽŶŐͲƚĞƌŵĚĞďƚůŝĂďŝůŝƚŝĞƐƉƌŽǀŝĚĞƐĐƵƌƌĞŶƚĨŝŶĂŶĐŝĂů ƌĞƐŽƵƌĐĞƐŝŶƚŚĞŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐ͕ďƵƚŝƐƐƵŝŶŐĚĞďƚŝŶĐƌĞĂƐĞƐƚŚĞ ůŽŶŐͲƚĞƌŵůŝĂďŝůŝƚŝĞƐŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨŶĞƚƉŽƐŝƚŝŽŶ͘ZĞƉĂLJŵĞŶƚ ŽĨďŽŶĚƉƌŝŶĐŝƉĂůŝƐĂŶĞdžƉĞŶĚŝƚƵƌĞŝŶƚŚĞŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚ͕ďƵƚ ƚŚĞƌĞƉĂLJŵĞŶƚƌĞĚƵĐĞƐůŽŶŐͲƚĞƌŵůŝĂďŝůŝƚŝĞƐŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨ ŶĞƚƉŽƐŝƚŝŽŶ͘ ĂƉŝƚĂůůĞĂƐĞĂĐƚŝǀŝƚLJ Ϯϰ͕ϳϭϯ ŽŵƉĞŶƐĂƚĞĚĂďƐĞŶĐĞƐĞdžƉĞŶƐĞƐƌĞƉŽƌƚĞĚŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨ ĂĐƚŝǀŝƚŝĞƐĚŽŶŽƚƌĞƋƵŝƌĞƚŚĞƵƐĞŽĨĐƵƌƌĞŶƚĨŝŶĂŶĐŝĂůƌĞƐŽƵƌĐĞƐĂŶĚ͕ ƚŚĞƌĞĨŽƌĞ͕ĂƌĞŶŽƚƌĞƉŽƌƚĞĚĂƐĞdžƉĞŶĚŝƚƵƌĞƐŝŶŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐ͘;ϲϭ͕ϴϭϴͿ 'ŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐƌĞƉŽƌƚKWĐŽŶƚƌŝďƵƚŝŽŶƐĂƐĞdžƉĞŶĚŝƚƵƌĞƐ͘ ,ŽǁĞǀĞƌ͕ŝŶƚŚĞ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ͕KWĞdžƉĞŶƐĞŝƐŵĞĂƐƵƌĞĚ ĂƐƚŚĞĐŚĂŶŐĞŝŶKWůŝĂďŝůŝƚLJĂŶĚƚŚĞĂŵŽƌƚŝnjĂƚŝŽŶŽĨĚĞĨĞƌƌĞĚ ŽƵƚĨůŽǁƐĂŶĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽKW͘dŚŝƐĂŵŽƵŶƚ ƌĞƉƌĞƐĞŶƚƐƚŚĞŶĞƚĐŚĂŶŐĞŝŶKWƌĞůĂƚĞĚĂŵŽƵŶƚƐ͘;Ϯϱ͕ϲϳϮͿ 'ŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐƌĞƉŽƌƚƉĞŶƐŝŽŶĐŽŶƚƌŝďƵƚŝŽŶƐĂƐĞdžƉĞŶĚŝƚƵƌĞƐ͘ ,ŽǁĞǀĞƌ͕ŝŶƚŚĞ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ͕ƉĞŶƐŝŽŶĞdžƉĞŶƐĞŝƐŵĞĂƐƵƌĞĚ ĂƐƚŚĞĐŚĂŶŐĞŝŶƉĞŶƐŝŽŶůŝĂďŝůŝƚLJĂŶĚƚŚĞĂŵŽƌƚŝnjĂƚŝŽŶŽĨĚĞĨĞƌƌĞĚ ŽƵƚĨůŽǁƐĂŶĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽƉĞŶƐŝŽŶ͘dŚŝƐĂŵŽƵŶƚ ƌĞƉƌĞƐĞŶƚƐƚŚĞŶĞƚĐŚĂŶŐĞŝŶƉĞŶƐŝŽŶƌĞůĂƚĞĚĂŵŽƵŶƚƐ͘ϮϳϬ͕Ϯϴϯ ZĞǀĞŶƵĞƐƌĞƉŽƌƚĞĚĂƐƵŶĂǀĂŝůĂďůĞƌĞǀĞŶƵĞŝŶƚŚĞŐŽǀĞƌŶŵĞŶƚĂů ĨƵŶĚƐĂƌĞƌĞĐŽŐŶŝnjĞĚĂƐŽƉĞƌĂƚŝŶŐĐŽŶƚƌŝďƵƚŝŽŶƐĂŶĚŐƌĂŶƚƐ ŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨĂĐƚŝǀŝƚŝĞƐ͘;Ϯ͕ϭϮϳ͕ϳϰϯͿ /ŶƚĞƌŶĂůƐĞƌǀŝĐĞĨƵŶĚƐĂƌĞƵƐĞĚďLJŵĂŶĂŐĞŵĞŶƚƚŽĐŚĂƌŐĞƚŚĞĐŽƐƚƐ ŽĨĐĞƌƚĂŝŶĂĐƚŝǀŝƚŝĞƐ͕ƐƵĐŚĂƐĞƋƵŝƉŵĞŶƚŵĂŶĂŐĞŵĞŶƚĂŶĚ ƐĞůĨͲŝŶƐƵƌĂŶĐĞ͕ƚŽŝŶĚŝǀŝĚƵĂůĨƵŶĚƐ͘dŚĞŶĞƚƌĞǀĞŶƵĞƐ;ĞdžƉĞŶƐĞƐͿ ŽĨƚŚĞŝŶƚĞƌŶĂůƐĞƌǀŝĐĞĨƵŶĚƐŝƐƌĞƉŽƌƚĞĚǁŝƚŚŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ͘ϲϭϱ͕ϮϬϳ ŚĂŶŐĞŝŶŶĞƚƉŽƐŝƚŝŽŶŽĨŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ ϯϬ͕ϲϬϱ͕ϮϯϵΨ  377 ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐϮϱ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨEĞƚWŽƐŝƚŝŽŶʹWƌŽƉƌŝĞƚĂƌLJ&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ƵƐŝŶĞƐƐͲdLJƉĞ 'ŽǀĞƌŶŵĞŶƚĂů ĐƚŝǀŝƚŝĞƐ ĐƚŝǀŝƚŝĞƐ ŶƚĞƌƉƌŝƐĞ&ƵŶĚƐ /ŶƚĞƌŶĂů^ĞƌǀŝĐĞ 'ŽůĨŽƵƌƐĞ &ƵŶĚƐ ƐƐĞƚƐ ƵƌƌĞŶƚ WŽŽůĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϲϱϴ͕ϭϴϮΨ ϵ͕ϱϭϳ͕ϰϲϮΨ  ZĞĐĞŝǀĂďůĞƐ ĐĐŽƵŶƚƐ Ͳϲ͕Ϭϵϲ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ϮϭϬϯ͕ϴϬϵ WƌĞƉĂŝĚĐŽƐƚƐ ͲϮϮϭ͕ϵϮϯ ĞƉŽƐŝƚƐ ϮϱϬ͕ϬϬϬͲ /ŶǀĞŶƚŽƌŝĞƐ ϵϮ͕ϮϰϵͲ dŽƚĂůĐƵƌƌĞŶƚĂƐƐĞƚƐ ϭ͕ϬϬϬ͕ϲϰϭϵ͕ϳϰϵ͕ϮϵϬ EŽŶĐƵƌƌĞŶƚ ĂƉŝƚĂůĂƐƐĞƚƐŶŽƚďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ ϯϵ͕ϳϭϮ͕ϵϱϱϱ͕ϵϬϰ͕ϲϰϰ ĂƉŝƚĂůĂƐƐĞƚƐ͕ŶĞƚŽĨĚĞƉƌĞĐŝĂƚŝŽŶ ϯ͕ϬϬϰ͕ϵϱϵϳ͕ϲϴϱ͕ϴϲϵ dŽƚĂůŶŽŶĐƵƌƌĞŶƚĂƐƐĞƚƐ ϰϮ͕ϳϭϳ͕ϵϭϰϭϯ͕ϱϵϬ͕ϱϭϯ dŽƚĂůĂƐƐĞƚƐ ϰϯ͕ϳϭϴ͕ϱϱϱϮϯ͕ϯϯϵ͕ϴϬϯ >ŝĂďŝůŝƚŝĞƐ ƵƌƌĞŶƚ ĐĐŽƵŶƚƐƉĂLJĂďůĞ ϱϵϲ͕ϯϵϭϵϰ͕ϱϰϮ ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ Ͳϭ͕ϮϯϮ ĞƉŽƐŝƚƐƉĂLJĂďůĞ ϯϱ͕ϱϬϬͲ ƵƌƌĞŶƚƉŽƌƚŝŽŶŽĨĐĂƉŝƚĂůůĞĂƐĞƐ ͲϮϮϳ͕ϭϬϵ dŽƚĂůĐƵƌƌĞŶƚůŝĂďŝůŝƚŝĞƐ ϲϯϭ͕ϴϵϭϯϮϮ͕ϴϴϯ EŽŶĐƵƌƌĞŶƚ>ŝĂďŝůŝƚŝĞƐ >ŽŶŐͲƚĞƌŵƉŽƌƚŝŽŶŽĨĐĂƉŝƚĂůůĞĂƐĞƐ ͲϭϵϬ͕ϵϰϭ dŽƚĂůůŝĂďŝůŝƚŝĞƐ ϲϯϭ͕ϴϵϭϱϭϯ͕ϴϮϰ EĞƚWŽƐŝƚŝŽŶ EĞƚŝŶǀĞƐƚŵĞŶƚŝŶĐĂƉŝƚĂůĂƐƐĞƚƐ ϰϮ͕ϳϭϳ͕ϵϭϰϭϯ͕ϭϳϮ͕ϰϲϯ hŶƌĞƐƚƌŝĐƚĞĚ ϯϲϴ͕ϳϱϬϵ͕ϲϱϯ͕ϱϭϲ dŽƚĂůŶĞƚƉŽƐŝƚŝŽŶ ϰϯ͕Ϭϴϲ͕ϲϲϰΨϮϮ͕ϴϮϱ͕ϵϳϵΨ 378  ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  Ϯϲ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶƐĞƐ͕ĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚEĞƚWŽƐŝƚŝŽŶʹWƌŽƉƌŝĞƚĂƌLJ&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   ƵƐŝŶĞƐƐͲdLJƉĞ 'ŽǀĞƌŶŵĞŶƚĂů ĐƚŝǀŝƚŝĞƐ ĐƚŝǀŝƚŝĞƐͲ ŶƚĞƌƉƌŝƐĞ&ƵŶĚƐ /ŶƚĞƌŶĂů 'ŽůĨŽƵƌƐĞ ^ĞƌǀŝĐĞ&ƵŶĚƐ KƉĞƌĂƚŝŶŐZĞǀĞŶƵĞƐ ^ĂůĞƐĂŶĚƐĞƌǀŝĐĞĐŚĂƌŐĞƐ ϯ͕ϱϬϵ͕ϬϵϲΨ ϯ͕ϳϭϱ͕ϯϬϵΨ KƉĞƌĂƚŝŶŐdžƉĞŶƐĞƐ ĚŵŝŶŝƐƚƌĂƚŝŽŶĂŶĚŐĞŶĞƌĂů Ͳ Ϯϯϲ͕ϱϮϯ &ƵĞůĂŶĚŽŝů Ͳ ϴϬ͕ϳϯϰ DĂŝŶƚĞŶĂŶĐĞĂŶĚƉĂƌƚƐ Ͳ ϭϭϲ͕ϳϮϴ ŽŶƚƌĂĐƚƐĞƌǀŝĐĞƐ ϯ͕ϳϲϯ͕ϵϰϲ ϰϵϱ͕ϭϳϮ ^ŽĨƚǁĂƌĞĂŶĚƐƵƉƉůŝĞƐ Ͳ ϭ͕ϭϳϬ͕ϱϬϮ ĞƉƌĞĐŝĂƚŝŽŶĞdžƉĞŶƐĞ Ϯϳϯ͕ϵϲϭ ϵϲϭ͕Ϯϯϰ KƚŚĞƌ ϭϯϭ͕ϯϳϵ Ͳ dŽƚĂůŽƉĞƌĂƚŝŶŐĞdžƉĞŶƐĞƐ ϰ͕ϭϲϵ͕Ϯϴϲ ϯ͕ϬϲϬ͕ϴϵϯ KƉĞƌĂƚŝŶŐ>ŽƐƐ ;ϲϲϬ͕ϭϵϬͿ ϲϱϰ͕ϰϭϲ EŽŶŽƉĞƌĂƚŝŶŐZĞǀĞŶƵĞƐ;džƉĞŶƐĞƐͿ /ŶƚĞƌĞƐƚƌĞǀĞŶƵĞ ϭϯ͕Ϭϴϭ ϭϰ͕ϱϬϯ DŝƐĐĞůůĂŶĞŽƵƐƌĞǀĞŶƵĞƐ Ͳ ϭϰ͕ϭϮϵ /ŶƚĞƌĞƐƚĞdžƉĞŶƐĞ Ͳ ;Ϯϲ͕ϵϰϴͿ dŽƚĂůŶŽŶŽƉĞƌĂƚŝŶŐƌĞǀĞŶƵĞƐ;ĞdžƉĞŶƐĞƐͿ ϭϯ͕Ϭϴϭ ϰϴ͕ϳϳϳ /ŶĐŽŵĞ;>ŽƐƐͿĞĨŽƌĞdƌĂŶƐĨĞƌƐ ;ϲϰϳ͕ϭϬϵͿ ϳϬϯ͕ϭϵϯ dƌĂŶƐĨĞƌƐŝŶ ϴϳϱ͕ϬϬϬ Ͳ dƌĂŶƐĨĞƌƐŽƵƚ Ͳ ;ϴϳ͕ϵϴϲͿ dŽƚĂůƚƌĂŶƐĨĞƌƐ ϴϳϱ͕ϬϬϬ ;ϴϳ͕ϵϴϲͿ ŚĂŶŐĞƐŝŶEĞƚWŽƐŝƚŝŽŶ ϮϮϳ͕ϴϵϭ ϲϭϱ͕ϮϬϳ EĞƚWŽƐŝƚŝŽŶ͕ĞŐŝŶŶŝŶŐŽĨƚŚĞzĞĂƌ ϰϮ͕ϴϱϴ͕ϳϳϯ ϮϮ͕ϮϭϬ͕ϳϳϮ EĞƚWŽƐŝƚŝŽŶĂƚŶĚŽĨzĞĂƌ ϰϯ͕Ϭϴϲ͕ϲϲϰΨ ϮϮ͕ϴϮϱ͕ϵϳϵΨ   379  ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  Ϯϳ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁƐʹWƌŽƉƌŝĞƚĂƌLJ&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   ƵƐŝŶĞƐƐͲdLJƉĞ 'ŽǀĞƌŶŵĞŶƚĂů ĐƚŝǀŝƚŝĞƐͲ ĐƚŝǀŝƚŝĞƐͲ ŶƚĞƌƉƌŝƐĞ&ƵŶĚƐ /ŶƚĞƌŶĂů 'ŽůĨŽƵƌƐĞ ^ĞƌǀŝĐĞ&ƵŶĚƐ KƉĞƌĂƚŝŶŐĐƚŝǀŝƚŝĞƐ ĂƐŚƌĞĐĞŝǀĞĚĨƌŽŵĐƵƐƚŽŵĞƌƐĂŶĚƵƐĞƌƐ ϯ͕ϱϬϳ͕ϰϴϲΨ ͲΨ ĂƐŚƌĞĐĞŝǀĞĚĨƌŽŵŝŶƚĞƌĨƵŶĚƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚ Ͳ ϯ͕ϳϬϵ͕Ϯϭϰ ĂƐŚƉĂLJŵĞŶƚƐƚŽƐƵƉƉůŝĞƌƐĨŽƌŐŽŽĚƐĂŶĚƐĞƌǀŝĐĞƐ ;ϯ͕ϲϮϯ͕ϲϴϯͿ ;ϭ͕ϵϴϰ͕ϳϭϬͿ ĂƐŚƉĂLJŵĞŶƚƐƚŽĞŵƉůŽLJĞĞƐĨŽƌƐĞƌǀŝĐĞƐ Ͳ ;ϭͿ EĞƚĂƐŚĨƌŽŵ;ƵƐĞĚĨŽƌͿKƉĞƌĂƚŝŶŐĐƚŝǀŝƚŝĞƐ ;ϭϭϲ͕ϭϵϳͿ ϭ͕ϳϮϰ͕ϱϬϯ EŽŶͲĂƉŝƚĂů&ŝŶĂŶĐŝŶŐĐƚŝǀŝƚŝĞƐ ĂƐŚƚƌĂŶƐĨĞƌƐŽƵƚ Ͳ ;ϴϳ͕ϵϴϲͿ ĂƐŚƚƌĂŶƐĨĞƌƐŝŶ ϴϳϱ͕ϬϬϬ Ͳ ZĞƉĂLJŵĞŶƚŽĨĂĚǀĂŶĐĞĨƌŽŵŽƚŚĞƌĨƵŶĚƐ ;ϭϭϲ͕ϱϰϭͿ Ͳ EĞƚĂƐŚĨƌŽŵ;ƵƐĞĚĨŽƌͿEŽŶͲĂƉŝƚĂů&ŝŶĂŶĐŝŶŐĐƚŝǀŝƚŝĞƐ ϳϱϴ͕ϰϱϵ;ϴϳ͕ϵϴϲͿ ĂƉŝƚĂůĂŶĚZĞůĂƚĞĚ&ŝŶĂŶĐŝŶŐĐƚŝǀŝƚŝĞƐ WƌŽĐĞĞĚƐĨƌŽŵĐĂƉŝƚĂůĚĞďƚ ͲͲ ĂƉŝƚĂůĐŽŶƚƌŝďƵƚŝŽŶƐ ͲϭϬ͕ϭϯϬ ĐƋƵŝƐŝƚŝŽŶĂŶĚĐŽŶƐƚƌƵĐƚŝŽŶŽĨĐĂƉŝƚĂůĂƐƐĞƚƐ Ͳ ;ϭϲϭ͕ϮϴϭͿ /ŶƚĞƌĞƐƚƉĂŝĚŽŶĐĂƉŝƚĂůĚĞďƚ Ͳ;Ϯϲ͕ϵϰϰͿ ĂƉŝƚĂůůĞĂƐĞ Ͳ ;Ϯϳϳ͕ϴϬϭͿ WƌŽĐĞĞĚƐĨƌŽŵƐĂůĞƐŽĨĐĂƉŝƚĂůĂƐƐĞƚƐ Ͳϰϳ͕Ϭϵϯ EĞƚĂƐŚƵƐĞĚĨŽƌĂƉŝƚĂůĂŶĚZĞůĂƚĞĚ&ŝŶĂŶĐŝŶŐĐƚŝǀŝƚŝĞƐ Ͳ ;ϰϬϴ͕ϴϬϯͿ /ŶǀĞƐƚŝŶŐĂĐƚŝǀŝƚŝĞƐ /ŶƚĞƌĞƐƚƌĞĐĞŝǀĞĚŽŶŝŶǀĞƐƚŵĞŶƚƐ ϭϯ͕ϳϬϬϮϳ͕ϴϬϯ EĞƚ/ŶĐƌĞĂƐĞ;ĞĐƌĞĂƐĞͿŝŶĂƐŚĂŶĚĂƐŚƋƵŝǀĂůĞŶƚƐ ϲϱϱ͕ϵϲϮϭ͕Ϯϱϱ͕ϱϭϳ ĂƐŚĂŶĚĂƐŚƋƵŝǀĂůĞŶƚƐĂƚĞŐŝŶŶŝŶŐŽĨzĞĂƌ Ϯ͕ϮϮϬϴ͕Ϯϲϭ͕ϵϰϱ ĂƐŚĂŶĚĂƐŚƋƵŝǀĂůĞŶƚƐĂƚŶĚŽĨzĞĂƌ ϲϱϴ͕ϭϴϮΨϵ͕ϱϭϳ͕ϰϲϮΨ   380  ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  Ϯϴ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁƐʹWƌŽƉƌŝĞƚĂƌLJ&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   ƵƐŝŶĞƐƐͲdLJƉĞ 'ŽǀĞƌŶŵĞŶƚĂů ĐƚŝǀŝƚŝĞƐͲ ĐƚŝǀŝƚŝĞƐͲ ŶƚĞƌƉƌŝƐĞ&ƵŶĚƐ /ŶƚĞƌŶĂů 'ŽůĨŽƵƌƐĞ ^ĞƌǀŝĐĞ&ƵŶĚƐ ZĞĐŽŶĐŝůŝĂƚŝŽŶŽĨKƉĞƌĂƚŝŶŐ;>ŽƐƐͿƚŽEĞƚĂƐŚ ƵƐĞĚĨŽƌKƉĞƌĂƚŝŶŐĐƚŝǀŝƚŝĞƐ KƉĞƌĂƚŝŶŐ;ůŽƐƐͿ ;ϲϲϬ͕ϭϵϬͿΨ ϲϱϰ͕ϰϭϲΨ ĚũƵƐƚŵĞŶƚƐƚŽƌĞĐŽŶĐŝůĞŽƉĞƌĂƚŝŶŐŝŶĐŽŵĞ;ůŽƐƐͿƚŽ ŶĞƚĐĂƐŚĨƌŽŵ;ƵƐĞĚĨŽƌͿŽƉĞƌĂƚŝŶŐĂĐƚŝǀŝƚŝĞƐ͗ ĞƉƌĞĐŝĂƚŝŽŶ Ϯϳϯ͕ϵϲϭ ϵϲϭ͕Ϯϯϰ ŚĂŶŐĞƐŝŶ ĐĐŽƵŶƚƐƌĞĐĞŝǀĂďůĞ Ͳ ;ϲ͕ϬϵϲͿ /ŶǀĞŶƚŽƌŝĞƐ ϭϯ͕ϱϲϳ Ͳ WƌĞƉĂŝĚĐŽƐƚƐ Ͳ Ϯϯϳ͕ϭϳϴ ĐĐŽƵŶƚƐƉĂLJĂďůĞ Ϯϱϴ͕Ϭϳϱ ;ϭϮϮ͕ϬϴϵͿ ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ ;ϭ͕ϲϭϬͿ ;ϭϰϬͿ EĞƚĂƐŚĨƌŽŵ;ƵƐĞĚĨŽƌͿKƉĞƌĂƚŝŶŐĐƚŝǀŝƚŝĞƐ ;ϭϭϲ͕ϭϵϳͿΨ ϭ͕ϳϮϰ͕ϱϬϯΨ   381 ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐϮϵ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶ :ƵŶĞϯϬ͕ϮϬϮϭ WĞŶƐŝŽŶdƌƵƐƚ WƌŝǀĂƚĞͲWƵƌƉŽƐĞ &ƵŶĚ dƌƵƐƚ&ƵŶĚ ^ƵĐĐĞƐƐŽƌ ^ƵƉƉůĞŵĞŶƚĂů ŐĞŶĐLJŽĨƚŚĞ WĞŶƐŝŽŶWůĂŶ ĨŽƌŵĞƌZ ƐƐĞƚƐ WŽŽůĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϵϰ͕ϳϰϵΨ Ϯϲ͕Ϯϳϵ͕ϭϯϮΨ  ZĞĐĞŝǀĂďůĞƐ EŽƚĞƐĂŶĚůŽĂŶƐ Ͳ ϭ͕Ϭϭϯ͕ϰϵϰ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ϯϴϵ͕ϱϯϲ WƌĞƉĂŝĚĂƐƐĞƚ ͲϯϮϴ͕ϭϬϴ ƵĞĨƌŽŵŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ Ͳ ϭ͕ϰϱϴ͕ϳϵϬ ZĞƐƚƌŝĐƚĞĚĂƐƐĞƚƐ ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐǁŝƚŚĨŝƐĐĂůĂŐĞŶƚ Ͳϭ͕ϰϮϭ dŽƚĂůĂƐƐĞƚƐ ϵϰ͕ϳϴϳϮϵ͕ϬϵϬ͕ϰϴϭ ĞĨĞƌƌĞĚKƵƚĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐ ĞĨĞƌƌĞĚĐŚĂƌŐĞŽŶƌĞĨƵŶĚŝŶŐ Ͳ ϭϲ͕ϴϵϭ͕ϱϬϰ dŽƚĂůĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ Ͳ ϭϲ͕ϴϵϭ͕ϱϬϰ >ŝĂďŝůŝƚŝĞƐ ĐĐŽƵŶƚƐƉĂLJĂďůĞ Ͳϴ͕Ϯϯϴ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ͲϵϬϭ͕ϳϲϲ >ŽŶŐͲƚĞƌŵůŝĂďŝůŝƚŝĞƐ ƵĞŝŶŽŶĞLJĞĂƌ Ͳ ϭϱ͕Ϯϴϴ͕ϲϭϬ ƵĞŝŶŵŽƌĞƚŚĂŶŽŶĞLJĞĂƌ Ͳ ϮϬϭ͕Ϭϰϲ͕ϯϭϵ dŽƚĂůůŝĂďŝůŝƚŝĞƐ Ͳ Ϯϭϳ͕Ϯϰϰ͕ϵϯϯ EĞƚWŽƐŝƚŝŽŶ;ĞĨŝĐŝƚͿ ZĞƐƚƌŝĐƚĞĚĨŽƌƉĞŶƐŝŽŶƐ ϵϰ͕ϳϴϳΨ  ,ĞůĚŝŶƚƌƵƐƚ ;ϭϳϭ͕ϮϲϮ͕ϵϰϴͿΨ 382  ^ĞĞEŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  ϯϬ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ƚĂƚĞŵĞŶƚŽĨŚĂŶŐĞƐŝŶ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   WĞŶƐŝŽŶdƌƵƐƚ WƌŝǀĂƚĞͲWƵƌƉŽƐĞ &ƵŶĚ dƌƵƐƚ&ƵŶĚ ^ƵĐĐĞƐƐŽƌ ^ƵƉƉůĞŵĞŶƚĂů ŐĞŶĐLJŽĨƚŚĞ WĞŶƐŝŽŶWůĂŶ &ŽƌŵĞƌZ ĚĚŝƚŝŽŶƐ dĂdžĞƐ ͲΨ ϮϬ͕ϳϵϴ͕ϵϵϱΨ EĞƚŝŶǀĞƐƚŵĞŶƚŝŶĐŽŵĞ ;ϮϰϲͿ;ϭϱϲ͕ϴϴϲͿ KƚŚĞƌƌĞǀĞŶƵĞƐ ϱ͕ϬϬϬϮ͕ϱϮϲ͕ϯϴϭ dŽƚĂůĂĚĚŝƚŝŽŶƐ ϰ͕ϳϱϰϮϯ͕ϭϲϴ͕ϰϵϬ ĞĚƵĐƚŝŽŶƐ ĚŵŝŶŝƐƚƌĂƚŝǀĞĞdžƉĞŶƐĞƐ ϭϮ͕ϴϯϯϰϱϮ͕ϵϯϮ ŽŶƚƌĂĐƚƵĂůƐĞƌǀŝĐĞƐ Ͳ ϳ͕ϱϯϲ͕ϳϴϰ /ŶƚĞƌĞƐƚĂŶĚĨŝƐĐĂůĐŚĂƌŐĞƐ Ͳ ϳ͕ϱϭϮ͕ϴϳϬ >ĂŶĚĐƋƵŝƐŝƚŝŽŶ Ͳ ϱ͕ϴϭϯ͕ϰϯϲ dŽƚĂůĚĞĚƵĐƚŝŽŶƐ ϭϮ͕ϴϯϯϮϭ͕ϯϭϲ͕ϬϮϮ džƚƌĂŽƌĚŝŶĂƌLJ/ƚĞŵ ^ƵĐĐĞƐƐŽƌŐĞŶĐLJůŽĂŶƉƌŝŶĐŝƉĂů Ͳ;ϳϯϵ͕ϵϯϯͿ ŚĂŶŐĞƐŝŶEĞƚWŽƐŝƚŝŽŶ ;ϴ͕ϬϳϵͿϭ͕ϭϭϮ͕ϱϯϱ EĞƚWŽƐŝƚŝŽŶͬ;ĞĨŝĐŝƚͿͲĞŐŝŶŶŝŶŐŽĨƚŚĞzĞĂƌ ϭϬϮ͕ϴϲϲ;ϭϳϮ͕ϯϳϱ͕ϰϴϯͿ EĞƚWŽƐŝƚŝŽŶͬ;ĞĨŝĐŝƚͿͲŶĚŽĨƚŚĞzĞĂƌ ϵϰ͕ϳϴϳΨ;ϭϳϭ͕ϮϲϮ͕ϵϰϴͿΨ   383  ϯϭ dŚŝƐƉĂŐĞŝŶƚĞŶƚŝŽŶĂůůLJůĞĨƚďůĂŶŬ͘ 384 ϯϮ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ EŽƚĞϭͲ ^ƵŵŵĂƌLJŽĨ^ŝŐŶŝĨŝĐĂŶƚĐĐŽƵŶƚŝŶŐWŽůŝĐŝĞƐ ZĞƉŽƌƚŝŶŐŶƚŝƚLJ dŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂ;ŝƚLJͿǁĂƐŝŶĐŽƌƉŽƌĂƚĞĚDĂLJϭ͕ϭϵϴϮ͕ƵŶĚĞƌƚŚĞŐĞŶĞƌĂůůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨĂůŝĨŽƌŶŝĂ͘/Ŷ EŽǀĞŵďĞƌϭϵϵϲ͕ƚŚĞŝƚLJďĞĐĂŵĞĂĐŚĂƌƚĞƌŝƚLJ͘dŚĞŝƚLJŽƉĞƌĂƚĞƐƵŶĚĞƌƚŚĞŽƵŶĐŝůʹDĂŶĂŐĞƌĨŽƌŵŽĨ ŐŽǀĞƌŶŵĞŶƚ͘ dŚĞŝƚLJƉƌŽǀŝĚĞƐŵĂŶLJĐŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐŝŶĐůƵĚŝŶŐƉƵďůŝĐƐĂĨĞƚLJ͕ŚŝŐŚǁĂLJĂŶĚƐƚƌĞĞƚŵĂŝŶƚĞŶĂŶĐĞ͕ŚĞĂůƚŚĂŶĚ ƐŽĐŝĂůƐĞƌǀŝĐĞƐ͕ĐƵůƚƵƌĂůĂŶĚůĞŝƐƵƌĞƐĞƌǀŝĐĞƐ͕ƉƵďůŝĐŝŵƉƌŽǀĞŵĞŶƚƐ͕ƉůĂŶŶŝŶŐĂŶĚnjŽŶŝŶŐƐĞƌǀŝĐĞƐ͕ĂŶĚĐŽŵŵƵŶŝƚLJ ĚĞǀĞůŽƉŵĞŶƚƐĞƌǀŝĐĞƐ͘ dŚĞĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐŽĨƚŚĞŝƚLJĐŽŶĨŽƌŵƚŽŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚĂĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐĂƐĂƉƉůŝĐĂďůĞƚŽ ŐŽǀĞƌŶŵĞŶƚƐ͘ƐƌĞƋƵŝƌĞĚďLJŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚĂĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐ͕ƚŚĞƐĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐƉƌĞƐĞŶƚƚŚĞ ŝƚLJĂŶĚŝƚƐĐŽŵƉŽŶĞŶƚƵŶŝƚƐ͕ǁŚŝĐŚĂƌĞĞŶƚŝƚŝĞƐĨŽƌǁŚŝĐŚƚŚĞŝƚLJŝƐĐŽŶƐŝĚĞƌĞĚƚŽďĞĨŝŶĂŶĐŝĂůůLJĂĐĐŽƵŶƚĂďůĞ͘ dŚĞŝƚLJŝƐĐŽŶƐŝĚĞƌĞĚƚŽďĞĨŝŶĂŶĐŝĂůůLJĂĐĐŽƵŶƚĂďůĞĨŽƌĂŶŽƌŐĂŶŝnjĂƚŝŽŶŝĨƚŚĞŝƚLJĂƉƉŽŝŶƚƐĂǀŽƚŝŶŐŵĂũŽƌŝƚLJŽĨ ƚŚĂƚŽƌŐĂŶŝnjĂƚŝŽŶ͛ƐŐŽǀĞƌŶŝŶŐďŽĚLJĂŶĚƚŚĞŝƚLJŝƐĂďůĞƚŽŝŵƉŽƐĞŝƚƐǁŝůůŽŶƚŚĂƚŽƌŐĂŶŝnjĂƚŝŽŶŽƌƚŚĞƌĞŝƐĂ ƉŽƚĞŶƚŝĂůĨŽƌƚŚĂƚŽƌŐĂŶŝnjĂƚŝŽŶƚŽƉƌŽǀŝĚĞƐƉĞĐŝĨŝĐĨŝŶĂŶĐŝĂůďĞŶĞĨŝƚƐƚŽŽƌŝŵƉŽƐĞƐƉĞĐŝĨŝĐĨŝŶĂŶĐŝĂůďƵƌĚĞŶƐŽŶ ƚŚĞŝƚLJ͘dŚĞŝƚLJŝƐĂůƐŽĐŽŶƐŝĚĞƌĞĚƚŽďĞĨŝŶĂŶĐŝĂůůLJĂĐĐŽƵŶƚĂďůĞŝĨĂŶŽƌŐĂŶŝnjĂƚŝŽŶŝƐĨŝƐĐĂůůLJĚĞƉĞŶĚĞŶƚ;ŝ͘Ğ͕͘ŝƚŝƐ ƵŶĂďůĞƚŽĂĚŽƉƚŝƚƐďƵĚŐĞƚ͕ůĞǀLJƚĂdžĞƐ͕ƐĞƚƌĂƚĞƐŽƌĐŚĂƌŐĞƐ͕ŽƌŝƐƐƵĞďŽŶĚĞĚĚĞďƚǁŝƚŚŽƵƚĂƉƉƌŽǀĂůĨƌŽŵƚŚĞ ŝƚLJͿ͘/ŶĐĞƌƚĂŝŶĐĂƐĞƐ͕ŽƚŚĞƌŽƌŐĂŶŝnjĂƚŝŽŶƐĂƌĞŝŶĐůƵĚĞĚĂƐĐŽŵƉŽŶĞŶƚƵŶŝƚƐŝĨƚŚĞŶĂƚƵƌĞĂŶĚƐŝŐŶŝĨŝĐĂŶĐĞŽĨƚŚĞŝƌ ƌĞůĂƚŝŽŶƐŚŝƉǁŝƚŚƚŚĞŝƚLJĂƌĞƐƵĐŚƚŚĂƚƚŚĞŝƌĞdžĐůƵƐŝŽŶǁŽƵůĚĐĂƵƐĞƚŚĞŝƚLJ͛ƐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐƚŽďĞ ŵŝƐůĞĂĚŝŶŐŽƌŝŶĐŽŵƉůĞƚĞ͘ ůůŽĨƚŚĞŝƚLJ͛ƐĐŽŵƉŽŶĞŶƚƵŶŝƚƐĂƌĞĐŽŶƐŝĚĞƌĞĚƚŽďĞďůĞŶĚĞĚĐŽŵƉŽŶĞŶƚƵŶŝƚƐ͘ůĞŶĚĞĚĐŽŵƉŽŶĞŶƚƵŶŝƚƐ͕ ĂůƚŚŽƵŐŚůĞŐĂůůLJƐĞƉĂƌĂƚĞĞŶƚŝƚŝĞƐ͕ĂƌĞ͕ŝŶƐƵďƐƚĂŶĐĞ͕ƉĂƌƚŽĨƚŚĞŝƚLJ͛ƐŽƉĞƌĂƚŝŽŶƐĂŶĚƐŽĚĂƚĂĨƌŽŵƚŚĞƐĞƵŶŝƚƐ ĂƌĞƌĞƉŽƌƚĞĚǁŝƚŚƚŚĞŝŶƚĞƌĨƵŶĚĚĂƚĂŽĨƚŚĞƉƌŝŵĂƌLJŐŽǀĞƌŶŵĞŶƚ͘ dŚĞĨŽůůŽǁŝŶŐŽƌŐĂŶŝnjĂƚŝŽŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚƚŽďĞĐŽŵƉŽŶĞŶƚƵŶŝƚƐŽĨƚŚĞŝƚLJ͗ ŝƚLJŽĨ>ĂYƵŝŶƚĂWƵďůŝĐ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJ dŚĞ>ĂYƵŝŶƚĂWƵďůŝĐ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJ;&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJͿǁĂƐĞƐƚĂďůŝƐŚĞĚƉƵƌƐƵĂŶƚƚŽĂ:ŽŝŶƚdžĞƌĐŝƐĞŽĨ WŽǁĞƌƐŐƌĞĞŵĞŶƚĚĂƚĞĚEŽǀĞŵďĞƌϭϵ͕ϭϵϵϭ͕ďĞƚǁĞĞŶƚŚĞŝƚLJĂŶĚƚŚĞ&ŽƌŵĞƌZĞĚĞǀĞůŽƉŵĞŶƚŐĞŶĐLJ;ŶŽǁ ^ƵĐĐĞƐƐŽƌŐĞŶĐLJͿ͘dŚĞƉƵƌƉŽƐĞŽĨƚŚĞ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJŝƐƚŽƉƌŽǀŝĚĞĨŝŶĂŶĐŝŶŐŶĞĐĞƐƐĂƌLJĨŽƌƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶ ŽĨǀĂƌŝŽƵƐƉƵďůŝĐŝŵƉƌŽǀĞŵĞŶƚƐƚŚƌŽƵŐŚƚŚĞŝƐƐƵĂŶĐĞŽĨĚĞďƚ͘ůƚŚŽƵŐŚƚŚĞ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJŝƐůĞŐĂůůLJ ƐĞƉĂƌĂƚĞ͕ŝƚŝƐƌĞƉŽƌƚĞĚĂƐŝĨŝƚǁĞƌĞƉĂƌƚŽĨƚŚĞŝƚLJďĞĐĂƵƐĞƚŚĞŝƚLJŽƵŶĐŝůĂůƐŽƐĞƌǀĞƐĂƐƚŚĞŐŽǀĞƌŶŝŶŐďŽĂƌĚ ŽĨƚŚĞ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJĂŶĚƚŚĞŵĂŶĂŐĞŵĞŶƚŽĨƚŚĞŝƚLJŚĂƐŽƉĞƌĂƚŝŽŶĂůƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƚŚĞ&ŝŶĂŶĐŝŶŐ ƵƚŚŽƌŝƚLJ͘dŚĞĂĐƚŝǀŝƚŝĞƐŽĨƚŚĞ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJĂƌĞƌĞĐŽƌĚĞĚŝŶƚŚĞĚĞďƚƐĞƌǀŝĐĞĨƵŶĚ͘^ĞƉĂƌĂƚĞĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐŽĨƚŚĞ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJĂƌĞŶŽƚƉƌĞƉĂƌĞĚ͘ 385 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϯϯ ŝƚLJŽĨ>ĂYƵŝŶƚĂ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ dŚĞ>ĂYƵŝŶƚĂ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ;,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJͿǁĂƐĞƐƚĂďůŝƐŚĞĚƉƵƌƐƵĂŶƚƚŽĂůŝĨŽƌŶŝĂ,ŽƵƐŝŶŐƵƚŚŽƌŝƚŝĞƐ >Ăǁ;,ĞĂůƚŚĂŶĚ^ĂĨĞƚLJŽĚĞ^ĞĐƚŝŽŶƐϯϰϮϬϬĞƚƐĞƋ͘ͿŽŶ^ĞƉƚĞŵďĞƌϭϱ͕ϮϬϬϵ͘dŚĞƉƵƌƉŽƐĞŽĨƚŚĞ,ŽƵƐŝŶŐ ƵƚŚŽƌŝƚLJŝƐƚŽƉƌŽǀŝĚĞƐĂĨĞĂŶĚƐĂŶŝƚĂƌLJŚŽƵƐŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌ>ĂYƵŝŶƚĂƌĞƐŝĚĞŶƚƐ͘ůƚŚŽƵŐŚƚŚĞ,ŽƵƐŝŶŐ ƵƚŚŽƌŝƚLJŝƐůĞŐĂůůLJƐĞƉĂƌĂƚĞ͕ŝƚŝƐƌĞƉŽƌƚĞĚĂƐŝĨŝƚǁĞƌĞƉĂƌƚŽĨƚŚĞŝƚLJďĞĐĂƵƐĞƚŚĞŝƚLJŽƵŶĐŝůĂůƐŽƐĞƌǀĞƐĂƐƚŚĞ ŐŽǀĞƌŶŝŶŐďŽĂƌĚŽĨƚŚĞ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJĂŶĚƚŚĞŵĂŶĂŐĞŵĞŶƚŽĨƚŚĞŝƚLJŚĂƐŽƉĞƌĂƚŝŽŶĂůƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƚŚĞ ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ͘dŚĞĂĐƚŝǀŝƚŝĞƐŽĨƚŚĞ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJĂƌĞƌĞĐŽƌĚĞĚŝŶƚŚĞ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ^ƉĞĐŝĂů ZĞǀĞŶƵĞ&ƵŶĚ͘^ĞƉĂƌĂƚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŽĨƚŚĞ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJĂƌĞŶŽƚƉƌĞƉĂƌĞĚ͘ 'ŽǀĞƌŶŵĞŶƚͲtŝĚĞĂŶĚ&ƵŶĚ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ dŚĞďĂƐŝĐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŽĨƚŚĞŝƚLJĂƌĞĐŽŵƉŽƐĞĚŽĨƚŚĞĨŽůůŽǁŝŶŐ͗ •'ŽǀĞƌŶŵĞŶƚͲǁŝĚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ •&ƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ •EŽƚĞƐƚŽƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ 'ŽǀĞƌŶŵĞŶƚͲǁŝĚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ dŚĞŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ;ŝ͘Ğ͕͘ƚŚĞƐƚĂƚĞŵĞŶƚŽĨŶĞƚƉŽƐŝƚŝŽŶĂŶĚƚŚĞƐƚĂƚĞŵĞŶƚŽĨĂĐƚŝǀŝƚŝĞƐͿ ƌĞƉŽƌƚŝŶĨŽƌŵĂƚŝŽŶŽŶĂůůŽĨƚŚĞŶŽŶĨŝĚƵĐŝĂƌLJĂĐƚŝǀŝƚŝĞƐŽĨƚŚĞƉƌŝŵĂƌLJŐŽǀĞƌŶŵĞŶƚĂŶĚŝƚƐĐŽŵƉŽŶĞŶƚƵŶŝƚƐ͘ůů ĨŝĚƵĐŝĂƌLJĂĐƚŝǀŝƚŝĞƐĂƌĞƌĞƉŽƌƚĞĚŽŶůLJŝŶƚŚĞĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘'ŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ͕ǁŚŝĐŚŶŽƌŵĂůůLJ ĂƌĞƐƵƉƉŽƌƚĞĚďLJƚĂdžĞƐ͕ŝŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂůƌĞǀĞŶƵĞƐ͕ĂŶĚŽƚŚĞƌŶŽŶĞdžĐŚĂŶŐĞƚƌĂŶƐĂĐƚŝŽŶƐ͕ĂƌĞƌĞƉŽƌƚĞĚ ƐĞƉĂƌĂƚĞůLJĨƌŽŵďƵƐŝŶĞƐƐͲƚLJƉĞĂĐƚŝǀŝƚŝĞƐ͕ǁŚŝĐŚƌĞůLJƚŽĂƐŝŐŶŝĨŝĐĂŶƚĞdžƚĞŶƚŽŶĨĞĞƐĂŶĚĐŚĂƌŐĞƐƚŽĞdžƚĞƌŶĂů ĐƵƐƚŽŵĞƌƐĨŽƌƐƵƉƉŽƌƚ͘>ŝŬĞǁŝƐĞ͕ƚŚĞƉƌŝŵĂƌLJŐŽǀĞƌŶŵĞŶƚŝƐƌĞƉŽƌƚĞĚƐĞƉĂƌĂƚĞůLJĨƌŽŵĐĞƌƚĂŝŶůĞŐĂůůLJƐĞƉĂƌĂƚĞ ĐŽŵƉŽŶĞŶƚƵŶŝƚƐĨŽƌǁŚŝĐŚƚŚĞƉƌŝŵĂƌLJŐŽǀĞƌŶŵĞŶƚŝƐĨŝŶĂŶĐŝĂůůLJĂĐĐŽƵŶƚĂďůĞ͘ dŚĞƐƚĂƚĞŵĞŶƚŽĨĂĐƚŝǀŝƚŝĞƐĚĞŵŽŶƐƚƌĂƚĞƐƚŚĞĚĞŐƌĞĞƚŽǁŚŝĐŚƚŚĞĚŝƌĞĐƚĞdžƉĞŶƐĞƐŽĨĂŐŝǀĞŶĨƵŶĐƚŝŽŶŽƌ ƐĞŐŵĞŶƚƐĂƌĞŽĨĨƐĞƚďLJƉƌŽŐƌĂŵƌĞǀĞŶƵĞƐ͘ŝƌĞĐƚĞdžƉĞŶƐĞƐĂƌĞƚŚŽƐĞƚŚĂƚĂƌĞĐůĞĂƌůLJŝĚĞŶƚŝĨŝĂďůĞǁŝƚŚĂƐƉĞĐŝĨŝĐ ĨƵŶĐƚŝŽŶŽƌƐĞŐŵĞŶƚ͘WƌŽŐƌĂŵƌĞǀĞŶƵĞƐŝŶĐůƵĚĞĐŚĂƌŐĞƐĨŽƌƐĞƌǀŝĐĞƐ͕ƐƉĞĐŝĂůĂƐƐĞƐƐŵĞŶƚƐ͕ĂŶĚƉĂLJŵĞŶƚƐŵĂĚĞ ďLJƉĂƌƚŝĞƐŽƵƚƐŝĚĞŽĨƚŚĞƌĞƉŽƌƚŝŶŐŝƚLJ͛ƐĐŝƚŝnjĞŶƌLJŝĨƚŚĂƚŵŽŶĞLJŝƐƌĞƐƚƌŝĐƚĞĚƚŽĂƉĂƌƚŝĐƵůĂƌƉƌŽŐƌĂŵ͘WƌŽŐƌĂŵ ƌĞǀĞŶƵĞƐĂƌĞŶĞƚƚĞĚǁŝƚŚƉƌŽŐƌĂŵĞdžƉĞŶƐĞƐŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨĂĐƚŝǀŝƚŝĞƐƚŽƉƌĞƐĞŶƚƚŚĞŶĞƚĐŽƐƚŽĨĞĂĐŚ ƉƌŽŐƌĂŵ͘dĂdžĞƐĂŶĚŽƚŚĞƌŝƚĞŵƐŶŽƚƉƌŽƉĞƌůLJŝŶĐůƵĚĞĚĂŵŽŶŐƉƌŽŐƌĂŵƌĞǀĞŶƵĞƐĂƌĞƌĞƉŽƌƚĞĚŝŶƐƚĞĂĚĂƐŐĞŶĞƌĂů ƌĞǀĞŶƵĞƐ͘ŵŽƵŶƚƐƉĂŝĚƚŽĂĐƋƵŝƌĞĐĂƉŝƚĂůĂƐƐĞƚƐĂƌĞĐĂƉŝƚĂůŝnjĞĚĂƐĂƐƐĞƚƐŝŶƚŚĞŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ͕ƌĂƚŚĞƌƚŚĂŶƌĞƉŽƌƚĞĚĂƐĞdžƉĞŶĚŝƚƵƌĞƐ͘WƌŽĐĞĞĚƐŽĨůŽŶŐͲƚĞƌŵĚĞďƚĂƌĞƌĞĐŽƌĚĞĚĂƐĂůŝĂďŝůŝƚLJŝŶƚŚĞ ŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ƌĂƚŚĞƌƚŚĂŶĂƐŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞƐ͘ŵŽƵŶƚƐƉĂŝĚƚŽƌĞĚƵĐĞůŽŶŐͲ ƚĞƌŵŝŶĚĞďƚĞĚŶĞƐƐŽĨƚŚĞƌĞƉŽƌƚŝŶŐŐŽǀĞƌŶŵĞŶƚĂƌĞƌĞƉŽƌƚĞĚĂƐĂƌĞĚƵĐƚŝŽŶŽĨƚŚĞƌĞůĂƚĞĚůŝĂďŝůŝƚLJ͕ƌĂƚŚĞƌƚŚĂŶ ĂƐĞdžƉĞŶĚŝƚƵƌĞƐ͘ 386  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϯϰ &ƵŶĚ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  dŚĞƵŶĚĞƌůLJŝŶŐĂĐĐŽƵŶƚŝŶŐƐLJƐƚĞŵŽĨƚŚĞŝƚLJŝƐŽƌŐĂŶŝnjĞĚĂŶĚŽƉĞƌĂƚĞĚŽŶƚŚĞďĂƐŝƐŽĨƐĞƉĂƌĂƚĞĨƵŶĚƐ͕ĞĂĐŚŽĨ ǁŚŝĐŚŝƐĐŽŶƐŝĚĞƌĞĚƚŽďĞĂƐĞƉĂƌĂƚĞĂĐĐŽƵŶƚŝŶŐĞŶƚŝƚLJ͘dŚĞŽƉĞƌĂƚŝŽŶƐŽĨĞĂĐŚĨƵŶĚĂƌĞĂĐĐŽƵŶƚĞĚĨŽƌǁŝƚŚĂ ƐĞƉĂƌĂƚĞƐĞƚŽĨƐĞůĨͲďĂůĂŶĐŝŶŐĂĐĐŽƵŶƚƐƚŚĂƚĐŽŵƉƌŝƐĞŝƚƐĂƐƐĞƚƐ͕ĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ͕ůŝĂďŝůŝƚŝĞƐ͕ ĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ͕ĨƵŶĚĞƋƵŝƚLJ͕ƌĞǀĞŶƵĞƐĂŶĚĞdžƉĞŶĚŝƚƵƌĞƐŽƌĞdžƉĞŶƐĞƐ͕ĂƐĂƉƉƌŽƉƌŝĂƚĞ͘ 'ŽǀĞƌŶŵĞŶƚĂůƌĞƐŽƵƌĐĞƐĂƌĞĂůůŽĐĂƚĞĚƚŽĂŶĚĂĐĐŽƵŶƚĞĚĨŽƌŝŶŝŶĚŝǀŝĚƵĂůĨƵŶĚƐďĂƐĞĚƵƉŽŶƚŚĞƉƵƌƉŽƐĞƐĨŽƌ ǁŚŝĐŚƚŚĞLJĂƌĞƚŽďĞƐƉĞŶƚĂŶĚƚŚĞŵĞĂŶƐďLJǁŚŝĐŚƐƉĞŶĚŝŶŐĂĐƚŝǀŝƚŝĞƐĂƌĞĐŽŶƚƌŽůůĞĚ͘  &ƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĨŽƌƚŚĞŐŽǀĞƌŶŵĞŶƚĂů͕ƉƌŽƉƌŝĞƚĂƌLJ͕ĂŶĚĨŝĚƵĐŝĂƌLJĨƵŶĚƐĂƌĞƉƌĞƐĞŶƚĞĚĂĨƚĞƌƚŚĞ ŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘dŚĞƐĞƐƚĂƚĞŵĞŶƚƐĚŝƐƉůĂLJŝŶĨŽƌŵĂƚŝŽŶĂďŽƵƚŵĂũŽƌĨƵŶĚƐŝŶĚŝǀŝĚƵĂůůLJ ĂŶĚŶŽŶŵĂũŽƌĨƵŶĚƐŝŶƚŚĞĂŐŐƌĞŐĂƚĞĨŽƌŐŽǀĞƌŶŵĞŶƚĂůĂŶĚƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐ͘&ŝĚƵĐŝĂƌLJƐƚĂƚĞŵĞŶƚƐŝŶĐůƵĚĞ ĨŝŶĂŶĐŝĂůŝŶĨŽƌŵĂƚŝŽŶĨŽƌĨŝĚƵĐŝĂƌLJĨƵŶĚƐ͘&ŝĚƵĐŝĂƌLJĨƵŶĚƐŽĨƚŚĞĐŝƚLJƉƌŝŵĂƌŝůLJƌĞƉƌĞƐĞŶƚĂƐƐĞƚƐŚĞůĚďLJƚŚĞŝƚLJŝŶ ĂĐƵƐƚŽĚŝĂůĐĂƉĂĐŝƚLJĨŽƌŽƚŚĞƌŝŶĚŝǀŝĚƵĂůƐŽƌŽƌŐĂŶŝnjĂƚŝŽŶƐ͘  DĞĂƐƵƌĞŵĞŶƚ&ŽĐƵƐ͕ĂƐŝƐŽĨĐĐŽƵŶƚŝŶŐĂŶĚ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚWƌĞƐĞŶƚĂƚŝŽŶ  'ŽǀĞƌŶŵĞŶƚͲtŝĚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ  tŚŝůĞƐĞƉĂƌĂƚĞŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĂŶĚĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƌĞƉƌĞƐĞŶƚĞĚ͕ƚŚĞLJĂƌĞŝŶƚĞƌƌĞůĂƚĞĚ͘dŚĞ ŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐĐŽůƵŵŶŝŶĐŽƌƉŽƌĂƚĞƐĚĂƚĂĨƌŽŵŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐĂŶĚŝŶƚĞƌŶĂůƐĞƌǀŝĐĞĨƵŶĚƐ͕ǁŚŝůĞ ďƵƐŝŶĞƐƐͲƚLJƉĞĂĐƚŝǀŝƚŝĞƐŝŶĐŽƌƉŽƌĂƚĞĚĂƚĂĨƌŽŵƚŚĞŐŽǀĞƌŶŵĞŶƚΖƐĞŶƚĞƌƉƌŝƐĞĨƵŶĚƐ͘^ĞƉĂƌĂƚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ ĂƌĞƉƌŽǀŝĚĞĚĨŽƌŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐ͕ƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐ͕ĂŶĚĨŝĚƵĐŝĂƌLJĨƵŶĚƐ͕ĞǀĞŶƚŚŽƵŐŚƚŚĞůĂƚƚĞƌĂƌĞ ĞdžĐůƵĚĞĚĨƌŽŵƚŚĞŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘  dŚĞŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƌĞƌĞƉŽƌƚĞĚƵƐŝŶŐƚŚĞĞĐŽŶŽŵŝĐƌĞƐŽƵƌĐĞƐŵĞĂƐƵƌĞŵĞŶƚĨŽĐƵƐďĂƐŝƐ ŽĨĂĐĐŽƵŶƚŝŶŐ͘ZĞǀĞŶƵĞƐĂƌĞƌĞĐŽƌĚĞĚǁŚĞŶĞĂƌŶĞĚĂŶĚĞdžƉĞŶƐĞƐĂƌĞƌĞĐŽƌĚĞĚǁŚĞŶĂůŝĂďŝůŝƚLJŝƐŝŶĐƵƌƌĞĚ ƌĞŐĂƌĚůĞƐƐŽĨƚŚĞƌĞůĂƚĞĚĐĂƐŚĨůŽǁƐ͘WƌŽƉĞƌƚLJƚĂdžĞƐĂƌĞƌĞĐŽŐŶŝnjĞĚŝŶƚŚĞLJĞĂƌƚŚĞLJĂƌĞůĞǀŝĞĚ͘'ƌĂŶƚƐĂŶĚƐŝŵŝůĂƌ ŝƚĞŵƐĂƌĞƌĞĐŽŐŶŝnjĞĚĂƐƐŽŽŶĂƐĂůůĞůŝŐŝďŝůŝƚLJƌĞƋƵŝƌĞŵĞŶƚƐŝŵƉŽƐĞĚďLJƚŚĞƉƌŽǀŝĚĞƌƐĂƌĞŵĞƚ͘  'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ  /ŶƚŚĞĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐĂƌĞƉƌĞƐĞŶƚĞĚƵƐŝŶŐƚŚĞŵŽĚŝĨŝĞĚͲĂĐĐƌƵĂůďĂƐŝƐŽĨ ĂĐĐŽƵŶƚŝŶŐ͘dŚĞŝƌƌĞǀĞŶƵĞƐĂƌĞƌĞĐŽŐŶŝnjĞĚǁŚĞŶƚŚĞLJďĞĐŽŵĞŵĞĂƐƵƌĂďůĞĂŶĚĂǀĂŝůĂďůĞĂƐŶĞƚĐƵƌƌĞŶƚĂƐƐĞƚƐ͘ DĞĂƐƵƌĂďůĞŵĞĂŶƐƚŚĂƚƚŚĞĂŵŽƵŶƚƐĐĂŶďĞĞƐƚŝŵĂƚĞĚ͕ŽƌŽƚŚĞƌǁŝƐĞĚĞƚĞƌŵŝŶĞĚ͘ǀĂŝůĂďůĞŵĞĂŶƐƚŚĂƚƚŚĞ ĂŵŽƵŶƚƐǁĞƌĞĐŽůůĞĐƚĞĚĚƵƌŝŶŐƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚŽƌƐŽŽŶĞŶŽƵŐŚƚŚĞƌĞĂĨƚĞƌƚŽďĞĂǀĂŝůĂďůĞƚŽĨŝŶĂŶĐĞƚŚĞ ĞdžƉĞŶĚŝƚƵƌĞƐĂĐĐƌƵĞĚĨŽƌƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚ͘dŚĞŝƚLJƵƐĞƐĂϲϬͲĚĂLJĂǀĂŝůĂďŝůŝƚLJƉĞƌŝŽĚ͘  ZĞǀĞŶƵĞƌĞĐŽŐŶŝƚŝŽŶŝƐƐƵďũĞĐƚƚŽƚŚĞŵĞĂƐƵƌĂďůĞĂŶĚĂǀĂŝůĂďŝůŝƚLJĐƌŝƚĞƌŝĂĨŽƌƚŚĞŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐŝŶƚŚĞĨƵŶĚ ĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘džĐŚĂŶŐĞƚƌĂŶƐĂĐƚŝŽŶƐĂƌĞƌĞĐŽŐŶŝnjĞĚĂƐƌĞǀĞŶƵĞƐŝŶƚŚĞƉĞƌŝŽĚŝŶǁŚŝĐŚƚŚĞLJĂƌĞĞĂƌŶĞĚ ;ŝ͘Ğ͕͘ƚŚĞƌĞůĂƚĞĚŐŽŽĚƐŽƌƐĞƌǀŝĐĞƐĂƌĞƉƌŽǀŝĚĞĚͿ͘>ŽĐĂůůLJŝŵƉŽƐĞĚĚĞůŝǀĞƌĞĚƚĂdžƌĞǀĞŶƵĞƐĂƌĞƌĞĐŽŐŶŝnjĞĚĂƐ ƌĞǀĞŶƵĞƐŝŶƚŚĞƉĞƌŝŽĚŝŶǁŚŝĐŚƚŚĞƵŶĚĞƌůLJŝŶŐĞdžĐŚĂŶŐĞƚƌĂŶƐĂĐƚŝŽŶŽŶǁŚŝĐŚƚŚĞLJĂƌĞďĂƐĞĚƚĂŬĞƐƉůĂĐĞ͘ /ŵƉŽƐĞĚŶŽŶĞdžĐŚĂŶŐĞƚƌĂŶƐĂĐƚŝŽŶƐĂƌĞƌĞĐŽŐŶŝnjĞĚĂƐƌĞǀĞŶƵĞƐŝŶƚŚĞƉĞƌŝŽĚĨŽƌǁŚŝĐŚƚŚĞLJǁĞƌĞŝŵƉŽƐĞĚ͘/Ĩ ƚŚĞƉĞƌŝŽĚŽĨƵƐĞŝƐŶŽƚƐƉĞĐŝĨŝĞĚ͕ƚŚĞLJĂƌĞƌĞĐŽŐŶŝnjĞĚĂƐƌĞǀĞŶƵĞƐǁŚĞŶĂŶĞŶĨŽƌĐĞĂďůĞůĞŐĂůĐůĂŝŵƚŽƚŚĞ ƌĞǀĞŶƵĞƐĂƌŝƐĞƐŽƌǁŚĞŶƚŚĞLJĂƌĞƌĞĐĞŝǀĞĚ͕ǁŚŝĐŚĞǀĞƌŽĐĐƵƌƐĨŝƌƐƚ͘'ŽǀĞƌŶŵĞŶƚͲŵĂŶĚĂƚĞĚĂŶĚǀŽůƵŶƚĂƌLJŶŽŶͲ ĞdžĐŚĂŶŐĞƚƌĂŶƐĂĐƚŝŽŶƐĂƌĞƌĞĐŽŐŶŝnjĞĚĂƐƌĞǀĞŶƵĞƐǁŚĞŶĂůůĂƉƉůŝĐĂďůĞĞůŝŐŝďŝůŝƚLJƌĞƋƵŝƌĞŵĞŶƚƐŚĂǀĞďĞĞŶŵĞƚ͘ 387 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϯϱ WƌŽƉĞƌƚLJƚĂdžĞƐ͕ĨƌĂŶĐŚŝƐĞƚĂdžĞƐ͕ůŝĐĞŶƐĞƐĂŶĚŝŶƚĞƌĞƐƚĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞĐƵƌƌĞŶƚĨŝƐĐĂůƉĞƌŝŽĚĂƌĞĂůůĐŽŶƐŝĚĞƌĞĚ ƚŽďĞƐƵƐĐĞƉƚŝďůĞƚŽĂĐĐƌƵĂůĂŶĚƐŽŚĂǀĞďĞĞŶƌĞĐŽŐŶŝnjĞĚĂƐƌĞǀĞŶƵĞƐŽĨƚŚĞĐƵƌƌĞŶƚĨŝƐĐĂůƉĞƌŝŽĚ͘ůůŽƚŚĞƌ ƌĞǀĞŶƵĞŝƚĞŵƐĂƌĞĐŽŶƐŝĚĞƌĞĚƚŽďĞŵĞĂƐƵƌĂďůĞĂŶĚĂǀĂŝůĂďůĞŽŶůLJǁŚĞŶĐĂƐŚŝƐƌĞĐĞŝǀĞĚďLJƚŚĞŐŽǀĞƌŶŵĞŶƚ͘ /ŶƚŚĞĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐĂƌĞƉƌĞƐĞŶƚĞĚƵƐŝŶŐƚŚĞĐƵƌƌĞŶƚĨŝŶĂŶĐŝĂůƌĞƐŽƵƌĐĞƐ ŵĞĂƐƵƌĞŵĞŶƚĨŽĐƵƐ͘dŚŝƐŵĞĂŶƐƚŚĂƚŽŶůLJĐƵƌƌĞŶƚĂƐƐĞƚƐ͕ĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ͕ĐƵƌƌĞŶƚůŝĂďŝůŝƚŝĞƐ͕ĂŶĚ ĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐĂƌĞŐĞŶĞƌĂůůLJŝŶĐůƵĚĞĚŽŶƚŚĞŝƌďĂůĂŶĐĞƐŚĞĞƚƐ͘dŚĞƌĞƉŽƌƚĞĚĨƵŶĚďĂůĂŶĐĞŝƐ ĐŽŶƐŝĚĞƌĞĚƚŽďĞĂŵĞĂƐƵƌĞŽĨ͞ĂǀĂŝůĂďůĞƐƉĞŶĚĂďůĞƌĞƐŽƵƌĐĞƐ͘͟'ŽǀĞƌŶŵĞŶƚĂůĨƵŶĚŽƉĞƌĂƚŝŶŐƐƚĂƚĞŵĞŶƚƐ ƉƌĞƐĞŶƚŝŶĐƌĞĂƐĞƐ;ƌĞǀĞŶƵĞƐĂŶĚŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞƐͿĂŶĚĚĞĐƌĞĂƐĞƐ;ĞdžƉĞŶĚŝƚƵƌĞƐĂŶĚŽƚŚĞƌĨŝŶĂŶĐŝŶŐƵƐĞƐͿ͘ ĐĐŽƌĚŝŶŐůLJ͕ƚŚĞLJĂƌĞƐĂŝĚƚŽƉƌĞƐĞŶƚĂƐƵŵŵĂƌLJŽĨƐŽƵƌĐĞƐĂŶĚƵƐĞƐŽĨ͞ĂǀĂŝůĂďůĞƐƉĞŶĚĂďůĞƌĞƐŽƵƌĐĞƐ͟ĚƵƌŝŶŐĂ ƉĞƌŝŽĚ͘ EŽŶĐƵƌƌĞŶƚƉŽƌƚŝŽŶƐŽĨůŽŶŐͲƚĞƌŵƌĞĐĞŝǀĂďůĞƐĚƵĞƚŽŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐĂƌĞƌĞƉŽƌƚĞĚŽŶƚŚĞŝƌďĂůĂŶĐĞƐŚĞĞƚƐŝŶ ƐƉŝƚĞŽĨƚŚĞŝƌƐƉĞŶĚŝŶŐŵĞĂƐƵƌĞŵĞŶƚĨŽĐƵƐ͘^ƉĞĐŝĂůƌĞƉŽƌƚŝŶŐƚƌĞĂƚŵĞŶƚƐĂƌĞƵƐĞĚƚŽŝŶĚŝĐĂƚĞ͕ŚŽǁĞǀĞƌ͕ƚŚĂƚ ƚŚĞLJƐŚŽƵůĚŶŽƚďĞĐŽŶƐŝĚĞƌĞĚ͞ĂǀĂŝůĂďůĞƐƉĞŶĚĂďůĞƌĞƐŽƵƌĐĞƐ͕͟ƐŝŶĐĞƚŚĞLJĚŽŶŽƚƌĞƉƌĞƐĞŶƚŶĞƚĐƵƌƌĞŶƚĂƐƐĞƚƐ͘ ZĞĐŽŐŶŝƚŝŽŶŽĨŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƚLJƉĞƌĞǀĞŶƵĞƐƌĞƉƌĞƐĞŶƚĞĚďLJŶŽŶĐƵƌƌĞŶƚƌĞĐĞŝǀĂďůĞƐĂƌĞĚĞĨĞƌƌĞĚƵŶƚŝůƚŚĞLJ ďĞĐŽŵĞĐƵƌƌĞŶƚƌĞĐĞŝǀĂďůĞƐ͘EŽŶĐƵƌƌĞŶƚƉŽƌƚŝŽŶƐŽĨŽƚŚĞƌůŽŶŐͲƚĞƌŵƌĞĐĞŝǀĂďůĞƐĂƌĞŽĨĨƐĞƚďLJĨƵŶĚďĂůĂŶĐĞ ƌĞƐĞƌǀĞĂĐĐŽƵŶƚƐ͘ ĞĐĂƵƐĞŽĨƚŚĞŝƌƐƉĞŶĚŝŶŐŵĞĂƐƵƌĞŵĞŶƚĨŽĐƵƐ͕ĞdžƉĞŶĚŝƚƵƌĞƌĞĐŽŐŶŝƚŝŽŶĨŽƌŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƚLJƉĞƐĞdžĐůƵĚĞƐ ĂŵŽƵŶƚƐƌĞƉƌĞƐĞŶƚĞĚďLJŶŽŶĐƵƌƌĞŶƚůŝĂďŝůŝƚŝĞƐ͘^ŝŶĐĞƚŚĞLJĚŽŶŽƚĂĨĨĞĐƚŶĞƚĐƵƌƌĞŶƚĂƐƐĞƚƐ͕ƐƵĐŚůŽŶŐͲƚĞƌŵ ĂŵŽƵŶƚƐĂƌĞŶŽƚƌĞĐŽŐŶŝnjĞĚĂƐŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƚLJƉĞĞdžƉĞŶĚŝƚƵƌĞƐŽƌĨƵŶĚůŝĂďŝůŝƚŝĞƐ͘ ŵŽƵŶƚƐĞdžƉĞŶĚĞĚƚŽĂĐƋƵŝƌĞĐĂƉŝƚĂůĂƐƐĞƚƐĂƌĞƌĞĐŽƌĚĞĚĂƐĞdžƉĞŶĚŝƚƵƌĞƐŝŶƚŚĞLJĞĂƌƚŚĂƚƌĞƐŽƵƌĐĞƐǁĞƌĞ ĞdžƉĞŶĚĞĚ͕ƌĂƚŚĞƌƚŚĂŶĂƐĨƵŶĚĂƐƐĞƚƐ͘dŚĞƉƌŽĐĞĞĚƐŽĨůŽŶŐͲƚĞƌŵĚĞďƚĂƌĞƌĞĐŽƌĚĞĚĂƐŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞƐ ƌĂƚŚĞƌƚŚĂŶĂƐĂĨƵŶĚůŝĂďŝůŝƚLJ͘ŵŽƵŶƚƐƉĂŝĚƚŽƌĞĚƵĐĞůŽŶŐͲƚĞƌŵŝŶĚĞďƚĞĚŶĞƐƐĂƌĞƌĞƉŽƌƚĞĚĂƐĨƵŶĚ ĞdžƉĞŶĚŝƚƵƌĞƐ͘ WƌŽƉƌŝĞƚĂƌLJ&ƵŶĚƐ dŚĞŝƚLJ͛ƐĞŶƚĞƌƉƌŝƐĞĂŶĚŝŶƚĞƌŶĂůƐĞƌǀŝĐĞĨƵŶĚƐĂƌĞƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐ͘/ŶƚŚĞĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ ƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐĂƌĞƉƌĞƐĞŶƚĞĚƵƐŝŶŐƚŚĞĂĐĐƌƵĂůďĂƐŝƐŽĨĂĐĐŽƵŶƚŝŶŐ͘ZĞǀĞŶƵĞƐĂƌĞƌĞĐŽŐŶŝnjĞĚǁŚĞŶƚŚĞLJĂƌĞ ĞĂƌŶĞĚĂŶĚĞdžƉĞŶƐĞƐĂƌĞƌĞĐŽŐŶŝnjĞĚǁŚĞŶƚŚĞƌĞůĂƚĞĚŐŽŽĚƐŽƌƐĞƌǀŝĐĞƐĂƌĞĚĞůŝǀĞƌĞĚ͘/ŶƚŚĞĨƵŶĚĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ͕ƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐĂƌĞƉƌĞƐĞŶƚĞĚƵƐŝŶŐƚŚĞĞĐŽŶŽŵŝĐƌĞƐŽƵƌĐĞƐŵĞĂƐƵƌĞŵĞŶƚĨŽĐƵƐ͘dŚŝƐŵĞĂŶƐƚŚĂƚ ĂůůĂƐƐĞƚƐ͕ĂůůĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ͕ĂůůůŝĂďŝůŝƚŝĞƐ͕ĂŶĚĂůůĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ;ǁŚĞƚŚĞƌĐƵƌƌĞŶƚ ŽƌŶŽŶĐƵƌƌĞŶƚͿĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞŝƌĂĐƚŝǀŝƚLJĂƌĞŝŶĐůƵĚĞĚŽŶƚŚĞŝƌďĂůĂŶĐĞƐŚĞĞƚƐ͘WƌŽƉƌŝĞƚĂƌLJĨƵŶĚƚLJƉĞ ŽƉĞƌĂƚŝŶŐƐƚĂƚĞŵĞŶƚƐƉƌĞƐĞŶƚŝŶĐƌĞĂƐĞƐ;ƌĞǀĞŶƵĞƐͿĂŶĚĚĞĐƌĞĂƐĞƐ;ĞdžƉĞŶƐĞƐͿŝŶƚŽƚĂůŶĞƚƉŽƐŝƚŝŽŶ͘ ŵŽƵŶƚƐƉĂŝĚƚŽĂĐƋƵŝƌĞĐĂƉŝƚĂůĂƐƐĞƚƐĂƌĞĐĂƉŝƚĂůŝnjĞĚĂƐĂƐƐĞƚƐŝŶƚŚĞƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ ƌĂƚŚĞƌƚŚĂŶƌĞƉŽƌƚĞĚĂƐĞdžƉĞŶĚŝƚƵƌĞƐ͘WƌŽĐĞĞĚƐŽĨůŽŶŐͲƚĞƌŵĚĞďƚĂƌĞƌĞĐŽƌĚĞĚĂƐĂůŝĂďŝůŝƚLJŝŶƚŚĞƉƌŽƉƌŝĞƚĂƌLJ ĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ƌĂƚŚĞƌƚŚĂŶĂƐĂŶŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞ͘ŵŽƵŶƚƐƉĂŝĚƚŽƌĞĚƵĐĞůŽŶŐͲƚĞƌŵ ŝŶĚĞďƚĞĚŶĞƐƐŽĨƚŚĞƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐĂƌĞƌĞƉŽƌƚĞĚĂƐĂƌĞĚƵĐƚŝŽŶŽĨƚŚĞƌĞůĂƚĞĚůŝĂďŝůŝƚLJ͕ƌĂƚŚĞƌƚŚĂŶĂƐ ĞdžƉĞŶĚŝƚƵƌĞƐ͘ 388  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϯϲ WƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐĚŝƐƚŝŶŐƵŝƐŚŽƉĞƌĂƚŝŶŐƌĞǀĞŶƵĞƐĂŶĚĞdžƉĞŶƐĞƐĨƌŽŵŶŽŶŽƉĞƌĂƚŝŶŐŝƚĞŵƐ͘KƉĞƌĂƚŝŶŐƌĞǀĞŶƵĞƐ ĂŶĚĞdžƉĞŶƐĞƐŐĞŶĞƌĂůůLJƌĞƐƵůƚĨƌŽŵƉƌŽǀŝĚŝŶŐƐĞƌǀŝĐĞƐĂŶĚƉƌŽĚƵĐŝŶŐĂŶĚĚĞůŝǀĞƌŝŶŐŐŽŽĚƐŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚĂ ƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚΖƐƉƌŝŶĐŝƉĂůŽŶŐŽŝŶŐŽƉĞƌĂƚŝŽŶƐ͘dŚĞƉƌŝŶĐŝƉĂůŽƉĞƌĂƚŝŶŐƌĞǀĞŶƵĞƐŽĨƚŚĞŶƚĞƌƉƌŝƐĞ&ƵŶĚƐĂƌĞ ĐŚĂƌŐĞƐƚŽĐƵƐƚŽŵĞƌƐĨŽƌƐĂůĞƐĂŶĚƐĞƌǀŝĐĞƐ͘  KƉĞƌĂƚŝŶŐĞdžƉĞŶƐĞƐĨŽƌŶƚĞƌƉƌŝƐĞ&ƵŶĚƐŝŶĐůƵĚĞƚŚĞĐŽƐƚŽĨƐĂůĞƐĂŶĚƐĞƌǀŝĐĞƐ͕ĂĚŵŝŶŝƐƚƌĂƚŝǀĞĞdžƉĞŶƐĞƐĂŶĚ ĚĞƉƌĞĐŝĂƚŝŽŶŽŶĐĂƉŝƚĂůĂƐƐĞƚƐ͘ůůƌĞǀĞŶƵĞƐĂŶĚĞdžƉĞŶƐĞƐŶŽƚŵĞĞƚŝŶŐƚŚŝƐĚĞĨŝŶŝƚŝŽŶĂƌĞƌĞƉŽƌƚĞĚĂƐ ŶŽŶŽƉĞƌĂƚŝŶŐƌĞǀĞŶƵĞƐĂŶĚĞdžƉĞŶƐĞƐ͘  &ŝĚƵĐŝĂƌLJ&ƵŶĚƐ  dŚĞƉĞŶƐŝŽŶĂŶĚƉƌŝǀĂƚĞͲƉƵƌƉŽƐĞƚƌƵƐƚĨƵŶĚƐĂƌĞƌĞƉŽƌƚĞĚƵƐŝŶŐƚŚĞĞĐŽŶŽŵŝĐƌĞƐŽƵƌĐĞƐŵĞĂƐƵƌĞŵĞŶƚĨŽĐƵƐĂŶĚ ƚŚĞĂĐĐƌƵĂůďĂƐŝƐŽĨĂĐĐŽƵŶƚŝŶŐ͘  DĂũŽƌ&ƵŶĚƐ͕/ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐĂŶĚ&ŝĚƵĐŝĂƌLJ&ƵŶĚdLJƉĞƐ  dŚĞŝƚLJ͛ƐŵĂũŽƌŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐĂƌĞĂƐĨŽůůŽǁƐ͗  'ĞŶĞƌĂů&ƵŶĚʹdŚŝƐĨƵŶĚŝƐƚŚĞƉƌŝŵĂƌLJĨƵŶĚŽĨƚŚĞŝƚLJĂŶĚŝƐƵƐĞĚƚŽĂĐĐŽƵŶƚĨŽƌĂůůƌĞǀĞŶƵĞĂŶĚĞdžƉĞŶĚŝƚƵƌĞƐ ŽĨƚŚĞŝƚLJŶŽƚůĞŐĂůůLJƌĞƐƚƌŝĐƚĞĚĂƐƚŽƵƐĞ͘ďƌŽĂĚƌĂŶŐĞŽĨŵƵŶŝĐŝƉĂůĂĐƚŝǀŝƚŝĞƐĂƌĞƉƌŽǀŝĚĞĚƚŚƌŽƵŐŚƚŚŝƐĨƵŶĚ ŝŶĐůƵĚŝŶŐŝƚLJDĂŶĂŐĞƌ͕ŝƚLJƚƚŽƌŶĞLJ͕&ŝŶĂŶĐĞ͕ŝƚLJůĞƌŬ͕ŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚ͕WŽůŝĐĞ^ĞƌǀŝĐĞƐ͕WƵďůŝĐ tŽƌŬƐ͕ĂŶĚŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐ͘  ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJʹdŚŝƐĨƵŶĚĂĐĐŽƵŶƚƐĨŽƌƚŚĞĐŽŵďŝŶĞĚŚŽƵƐŝŶŐĂĐƚŝǀŝƚŝĞƐŽĨƚŚĞ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJŝŶWƌŽũĞĐƚ ƌĞĂƐϭĂŶĚϮǁŚŝĐŚƉƌŽŵŽƚĞƐĂŶĚƉƌŽǀŝĚĞƐĨŽƌƋƵĂůŝƚLJŚŽƵƐŝŶŐ͘ZĞǀĞŶƵĞƐǁŝůůďĞƉƌŽǀŝĚĞĚĨƌŽŵƚŚĞƌĞĐĞŝƉƚƐĂŶĚ ĐŽůůĞĐƚŝŽŶƐŽĨƌĞŶƚƐ͕ŶŽƚĞƐĂŶĚůŽĂŶƐ͘ůůŵŽŶŝĞƐŝŶƚŚĞ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJŵƵƐƚďĞƵƐĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ ĂƉƉůŝĐĂďůĞŚŽƵƐŝŶŐͲƌĞůĂƚĞĚƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞĂůŝĨŽƌŶŝĂ,ŽƵƐŝŶŐƵƚŚŽƌŝƚŝĞƐ>Ăǁ͘  ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚ&ƵŶĚʹdŚŝƐĐĂƉŝƚĂůƉƌŽũĞĐƚƐĨƵŶĚŝƐƵƐĞĚƚŽĂĐĐŽƵŶƚĨŽƌƚŚĞƉůĂŶŶŝŶŐ͕ĚĞƐŝŐŶĂŶĚ ĐŽŶƐƚƌƵĐƚŝŽŶŽĨǀĂƌŝŽƵƐĐĂƉŝƚĂůƉƌŽũĞĐƚƐƚŚƌŽƵŐŚŽƵƚƚŚĞŝƚLJ͘  dŚĞŝƚLJ͛ƐŵĂũŽƌƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚŝƐĂƐĨŽůůŽǁƐ͗  'ŽůĨŽƵƌƐĞʹdŚŝƐĨƵŶĚĂĐĐŽƵŶƚƐĨŽƌƚŚĞĂĐƚŝǀŝƚŝĞƐŽĨƚŚĞ^ŝůǀĞƌZŽĐŬ'ŽůĨZĞƐŽƌƚ͘  KƚŚĞƌĨƵŶĚƚLJƉĞƐŽĨƚŚĞŝƚLJĂƌĞĂƐĨŽůůŽǁƐ͗  ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐʹdŚĞƐĞĨƵŶĚƐĂĐĐŽƵŶƚĨŽƌƚŚĞƉƌŽĐĞĞĚƐŽĨƐƉĞĐŝĨŝĐƌĞǀĞŶƵĞƐŽƵƌĐĞƐƚŚĂƚĂƌĞƌĞƐƚƌŝĐƚĞĚŽƌ ĐŽŵŵŝƚƚĞĚƚŽĞdžƉĞŶĚŝƚƵƌĞƐĨŽƌƐƉĞĐŝĨŝĞĚƉƵƌƉŽƐĞƐŽƚŚĞƌƚŚĂŶĚĞďƚƐĞƌǀŝĐĞŽƌĐĂƉŝƚĂůƉƌŽũĞĐƚƐ͘  ĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚƐʹdŚĞƐĞĨƵŶĚƐĂĐĐŽƵŶƚĨŽƌĨŝŶĂŶĐŝĂůƌĞƐŽƵƌĐĞƐƚŚĂƚĂƌĞƌĞƐƚƌŝĐƚĞĚ͕ĐŽŵŵŝƚƚĞĚ͕ŽƌĂƐƐŝŐŶĞĚ ƚŽĞdžƉĞŶĚŝƚƵƌĞƐĨŽƌĐĂƉŝƚĂůŽƵƚůĂLJ͘  Ğďƚ^ĞƌǀŝĐĞ&ƵŶĚʹdŚŝƐĨƵŶĚĂĐĐŽƵŶƚƐĨŽƌƚŚĞƐĞƌǀŝĐŝŶŐŽĨůŽŶŐͲƚĞƌŵĚĞďƚ͘  389  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϯϳ /ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ͗  ƋƵŝƉŵĞŶƚZĞƉůĂĐĞŵĞŶƚ&ƵŶĚʹdŚŝƐĨƵŶĚĂĐĐŽƵŶƚƐĨŽƌĞƋƵŝƉŵĞŶƚĂŶĚǀĞŚŝĐůĞŵĂŝŶƚĞŶĂŶĐĞĂŶĚƌĞƉůĂĐĞŵĞŶƚ ƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚƚŽŽƚŚĞƌĚĞƉĂƌƚŵĞŶƚƐŽŶĂĐŽƐƚͲƌĞŝŵďƵƌƐĞŵĞŶƚďĂƐŝƐ͘  /ŶĨŽƌŵĂƚŝŽŶdĞĐŚŶŽůŽŐLJ&ƵŶĚʹdŚŝƐĨƵŶĚŝƐƵƐĞĚƚŽĂĐĐŽƵŶƚĨŽƌƚŚĞĂĐƋƵŝƐŝƚŝŽŶĨŽƌĐŽŵƉƵƚĞƌĞƋƵŝƉŵĞŶƚ͕ ŵĂŝŶƚĞŶĂŶĐĞ͕ĂŶĚƐĞƌǀŝĐĞƐƚŽƐƵƉƉŽƌƚŝŶĨŽƌŵĂƚŝŽŶƐLJƐƚĞŵƐǁŝƚŚŝŶƚŚĞŝƚLJ͘ŽƐƚƐĂƌĞƌĞŝŵďƵƌƐĞĚďLJƚŚĞ ďĞŶĞĨŝƚŝŶŐĚĞƉĂƌƚŵĞŶƚƐ͘  WĂƌŬƋƵŝƉŵĞŶƚĂŶĚ&ĂĐŝůŝƚŝĞƐ&ƵŶĚʹdŚŝƐĨƵŶĚŝƐƵƐĞĚƚŽĂĐĐŽƵŶƚĨŽƌƚŚĞƉƵƌĐŚĂƐĞĂŶĚƌĞƉůĂĐĞŵĞŶƚŽĨŝƚLJ ŽǁŶĞĚĂŶĚŽƉĞƌĂƚĞĚƉĂƌŬĞƋƵŝƉŵĞŶƚĂŶĚĨĂĐŝůŝƚŝĞƐ͘ŽƐƚƐĂƌĞƌĞŝŵďƵƌƐĞĚďLJƚŚĞďĞŶĞĨŝƚŝŶŐĚĞƉĂƌƚŵĞŶƚƐ͘  /ŶƐƵƌĂŶĐĞ&ƵŶĚʹdŚŝƐĨƵŶĚĂĐĐŽƵŶƚƐĨŽƌŝƚLJͲǁŝĚĞŝŶƐƵƌĂŶĐĞƐ͗ůŝĂďŝůŝƚLJ͕ƉƌŽƉĞƌƚLJ͕ĞĂƌƚŚƋƵĂŬĞ͕ǁŽƌŬĞƌƐ ĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚƌŝƐŬŵĂŶĂŐĞŵĞŶƚ͘džƉĞŶƐĞƐĂƌĞƐŚĂƌĞĚĂŵŽŶŐĚĞƉĂƌƚŵĞŶƚƐŽŶĂŶĂůůŽĐĂƚŝŽŶďĂƐŝƐ͘  &ŝĚƵĐŝĂƌLJ&ƵŶĚƐ͗  WĞŶƐŝŽŶdƌƵƐƚ&ƵŶĚʹdŚŝƐĨƵŶĚĂĐĐŽƵŶƚƐĨŽƌƚŚĞĂĐƚŝǀŝƚŝĞƐŽĨƚŚĞ^ƵƉƉůĞŵĞŶƚĂůWĞŶƐŝŽŶ^ĂǀŝŶŐƐWůĂŶ͕ǁŚŝĐŚ ĂĐĐƵŵƵůĂƚĞƐƌĞƐŽƵƌĐĞƐĨŽƌƉĞŶƐŝŽŶďĞŶĞĨŝƚƉĂLJŵĞŶƚƐƚŽƋƵĂůŝĨŝĞĚŐŽǀĞƌŶŵĞŶƚĞŵƉůŽLJĞĞƐ͘  WƌŝǀĂƚĞͲWƵƌƉŽƐĞdƌƵƐƚ&ƵŶĚʹdŚŝƐĨƵŶĚĂĐĐŽƵŶƚƐĨŽƌƚŚĞĂƐƐĞƚƐĂŶĚůŝĂďŝůŝƚŝĞƐŽĨƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJƚŽƚŚĞ &ŽƌŵĞƌZĞĚĞǀĞůŽƉŵĞŶƚŐĞŶĐLJĂŶĚŝƚƐĂůůŽĐĂƚĞĚƌĞǀĞŶƵĞƚŽƉĂLJĞƐƚŝŵĂƚĞĚŝŶƐƚĂůůŵĞŶƚƉĂLJŵĞŶƚƐŽĨĞŶĨŽƌĐĞĂďůĞ ŽďůŝŐĂƚŝŽŶƐƵŶƚŝůŽďůŝŐĂƚŝŽŶƐŽĨƚŚĞ&ŽƌŵĞƌŐĞŶĐLJĂƌĞƉĂŝĚŝŶĨƵůůĂŶĚĂƐƐĞƚƐŚĂǀĞďĞĞŶůŝƋƵŝĚĂƚĞĚ͘  ƐƐĞƚƐ͕ĞĨĞƌƌĞĚKƵƚĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐ͕>ŝĂďŝůŝƚŝĞƐ͕ĞĨĞƌƌĞĚ/ŶĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐ͕ĂŶĚEĞƚWŽƐŝƚŝŽŶŽƌƋƵŝƚLJ  ĂƐŚĂŶĚ/ŶǀĞƐƚŵĞŶƚƐ  &ŽƌĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐƉƵƌƉŽƐĞƐ͕ŝŶǀĞƐƚŵĞŶƚƐĂƌĞĂĚũƵƐƚĞĚƚŽƚŚĞŝƌĨĂŝƌǀĂůƵĞ͘ŚĂŶŐĞƐŝŶĨĂŝƌǀĂůƵĞƚŚĂƚŽĐĐƵƌ ĚƵƌŝŶŐĂĨŝƐĐĂůLJĞĂƌĂƌĞƌĞĐŽŐŶŝnjĞĚĂƐŝŶǀĞƐƚŵĞŶƚŝŶĐŽŵĞƌĞƉŽƌƚĞĚĨŽƌƚŚĂƚĨŝƐĐĂůLJĞĂƌ͘/ŶǀĞƐƚŵĞŶƚŝŶĐŽŵĞ ŝŶĐůƵĚĞƐŝŶƚĞƌĞƐƚĞĂƌŶŝŶŐƐ͕ĐŚĂŶŐĞƐŝŶĨĂŝƌǀĂůƵĞ͕ĂŶĚĂŶLJŐĂŝŶƐŽƌůŽƐƐĞƐƌĞĂůŝnjĞĚƵƉŽŶƚŚĞůŝƋƵŝĚĂƚŝŽŶŽƌƐĂůĞŽĨ ŝŶǀĞƐƚŵĞŶƚƐ͘  dŚĞŝƚLJƉŽŽůƐĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐŽĨĂůůĨƵŶĚƐ͕ĞdžĐĞƉƚĨŽƌĂƐƐĞƚƐŚĞůĚǁŝƚŚŝŶƚŚĞ^ĞĐƚŝŽŶϭϭϱƚƌƵƐƚĂŶĚĂŵŽƵŶƚƐ ŚĞůĚďLJĨŝƐĐĂůĂŐĞŶƚƐ͘ĂĐŚĨƵŶĚ͛ƐƐŚĂƌĞŝŶƚŚŝƐƉŽŽůŝƐĚŝƐƉůĂLJĞĚŝŶƚŚĞĂĐĐŽŵƉĂŶLJŝŶŐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƐĐĂƐŚ ĂŶĚŝŶǀĞƐƚŵĞŶƚƐ͘/ŶǀĞƐƚŵĞŶƚŝŶĐŽŵĞĞĂƌŶĞĚďLJƚŚĞƉŽŽůĞĚŝŶǀĞƐƚŵĞŶƚƐŝƐĂůůŽĐĂƚĞĚƚŽƚŚĞǀĂƌŝŽƵƐĨƵŶĚƐďĂƐĞĚ ŽŶĞĂĐŚĨƵŶĚ͛ƐŵŽŶƚŚĞŶĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚďĂůĂŶĐĞ͘  ĂƐŚĂŶĚĂƐŚƋƵŝǀĂůĞŶƚƐ  &ŽƌƉƵƌƉŽƐĞƐŽĨƚŚĞƐƚĂƚĞŵĞŶƚŽĨĐĂƐŚĨůŽǁƐ͕ĐĂƐŚĞƋƵŝǀĂůĞŶƚƐĂƌĞĚĞĨŝŶĞĚĂƐƐŚŽƌƚͲƚĞƌŵ͕ŚŝŐŚůLJůŝƋƵŝĚ ŝŶǀĞƐƚŵĞŶƚƐƚŚĂƚĂƌĞďŽƚŚƌĞĂĚŝůLJĐŽŶǀĞƌƚŝďůĞƚŽŬŶŽǁŶĂŵŽƵŶƚƐŽĨĐĂƐŚŽƌƐŽŶĞĂƌƚŚĞŝƌŵĂƚƵƌŝƚLJƚŚĂƚƚŚĞLJ ƉƌĞƐĞŶƚŝŶƐŝŐŶŝĨŝĐĂŶƚƌŝƐŬŽĨĐŚĂŶŐĞƐŝŶǀĂůƵĞďĞĐĂƵƐĞŽĨĐŚĂŶŐĞƐŝŶŝŶƚĞƌĞƐƚƌĂƚĞƐ͘ĂƐŚĞƋƵŝǀĂůĞŶƚƐĂůƐŽ ƌĞƉƌĞƐĞŶƚƚŚĞƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚ͛ƐƐŚĂƌĞŝŶƚŚĞŝƚLJ͛ƐĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƉŽŽů͘ĂƐŚĞƋƵŝǀĂůĞŶƚƐŚĂǀĞĂŶŽƌŝŐŝŶĂů ŵĂƚƵƌŝƚLJĚĂƚĞŽĨƚŚƌĞĞŵŽŶƚŚƐŽƌůĞƐƐĨƌŽŵƚŚĞĚĂƚĞŽĨƉƵƌĐŚĂƐĞ͘&ŽƌƉƵƌƉŽƐĞƐŽĨƚŚĞƐƚĂƚĞŵĞŶƚŽĨĐĂƐŚĨůŽǁƐ͕ ƚŚĞĞŶƚŝƌĞďĂůĂŶĐĞŽĨĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐŽŶƚŚĞĐŽŵďŝŶĞĚďĂůĂŶĐĞƐŚĞĞƚĨŽƌƚŚĞƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐŝƐ ĐŽŶƐŝĚĞƌĞĚĐĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐ͘ 390  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϯϴ ZĞƐƚƌŝĐƚĞĚ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚĂƐŚĂŶĚ/ŶǀĞƐƚŵĞŶƚƐ  ůůĂƐƐĞƚƐŝŶƚŚĞ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚĂƌĞŝƌƌĞǀŽĐĂďůLJĚĞĚŝĐĂƚĞĚƚŽĨƵŶĚŝŶŐŽďůŝŐĂƚŝŽŶƐŽĨƚŚĞŝƚLJ͛ƐƉĞŶƐŝŽŶ ďĞŶĞĨŝĐŝĂƌŝĞƐ͕ŽƚŚĞƌƉŽƐƚͲĞŵƉůŽLJŵĞŶƚďĞŶĞĨŝĐŝĂƌŝĞƐŽƌĐŽƐƚƐŽĨĂĚŵŝŶŝƐƚĞƌŝŶŐƚŚĞdƌƵƐƚ͘dŚĞĨƵŶĚƐĂƌĞŶŽƚ ĐŽŶƐŝĚĞƌĞĚƉůĂŶĂƐƐĞƚƐŽĨĞŝƚŚĞƌƚŚĞƉĞŶƐŝŽŶƉůĂŶŽƌKWƉůĂŶĂŶĚĂƌĞƚŚĞƌĞĨŽƌĞĐŽŶƐŝĚĞƌĞĚƌĞƐƚƌŝĐƚĞĚĂƐƐĞƚƐŽĨ ƚŚĞŝƚLJ͘  /ŶǀĞŶƚŽƌLJ  /ŶǀĞŶƚŽƌLJŝƐǀĂůƵĞĚĂƚĐŽƐƚƵƐŝŶŐƚŚĞĨŝƌƐƚŝŶͬĨŝƌƐƚŽƵƚ;&/&KͿŵĞƚŚŽĚ͘dŚĞŝƚLJƵƐĞƐƚŚĞĐŽŶƐƵŵƉƚŝŽŶŵĞƚŚŽĚŽĨ ĂĐĐŽƵŶƚŝŶŐĨŽƌŝŶǀĞŶƚŽƌŝĞƐ͘  WƌĞƉĂŝĚŽƐƚƐ  ĞƌƚĂŝŶƉĂLJŵĞŶƚƐƚŽǀĞŶĚŽƌƐƌĞĨůĞĐƚĐŽƐƚƐĂƉƉůŝĐĂďůĞƚŽĨƵƚƵƌĞĂĐĐŽƵŶƚŝŶŐƉĞƌŝŽĚƐĂŶĚĂƌĞƌĞĐŽƌĚĞĚĂƐƉƌĞƉĂŝĚ ŝƚĞŵƐŝŶďŽƚŚŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĂŶĚĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘dŚĞŝƚLJƵƚŝůŝnjĞƐƚŚĞĐŽŶƐƵŵƉƚŝŽŶŵĞƚŚŽĚ͕ŝŶ ǁŚŝĐŚƉƌĞƉĂŝĚŝƚĞŵƐĂƌĞĂĐĐŽƵŶƚĞĚĨŽƌŝŶƚŚĞƉĞƌŝŽĚƚŚĂƚƚŚĞďĞŶĞĨŝƚǁĂƐƌĞĐĞŝǀĞĚ͘  ĂƉŝƚĂůƐƐĞƚƐ  ĂƉŝƚĂůĂƐƐĞƚƐ;ŝŶĐůƵĚŝŶŐŝŶĨƌĂƐƚƌƵĐƚƵƌĞͿĂƌĞƌĞĐŽƌĚĞĚĂƚĐŽƐƚǁŚĞƌĞŚŝƐƚŽƌŝĐĂůƌĞĐŽƌĚƐĂƌĞĂǀĂŝůĂďůĞĂŶĚĂƚĂŶ ĞƐƚŝŵĂƚĞĚŚŝƐƚŽƌŝĐĂůĐŽƐƚǁŚĞƌĞŶŽŚŝƐƚŽƌŝĐĂůƌĞĐŽƌĚƐĞdžŝƐƚ͘ŽŶƚƌŝďƵƚĞĚĐĂƉŝƚĂůĂƐƐĞƚƐĂƌĞǀĂůƵĞĚĂƚƚŚĞŝƌ ĂĐƋƵŝƐŝƚŝŽŶǀĂůƵĞĂƚƚŚĞĚĂƚĞŽĨƚŚĞĐŽŶƚƌŝďƵƚŝŽŶ͘'ĞŶĞƌĂůůLJ͕ĐĂƉŝƚĂůĂƐƐĞƚƉƵƌĐŚĂƐĞƐŝŶĞdžĐĞƐƐŽĨΨϱ͕ϬϬϬĂƌĞ ĐĂƉŝƚĂůŝnjĞĚŝĨƚŚĞLJŚĂǀĞĂŶĞdžƉĞĐƚĞĚƵƐĞĨƵůůŝĨĞŽĨƚŚƌĞĞLJĞĂƌƐŽƌŵŽƌĞ͘  ĂƉŝƚĂůƐƐĞƚƐŝŶĐůƵĚĞƉƵďůŝĐĚŽŵĂŝŶ;ŝŶĨƌĂƐƚƌƵĐƚƵƌĞͿĐŽŶƐŝƐƚŝŶŐŽĨĐĞƌƚĂŝŶŝŵƉƌŽǀĞŵĞŶƚƐŝŶĐůƵĚŝŶŐƌŽĂĚƐ͕ƐƚƌĞĞƚƐ͕ ƐŝĚĞǁĂůŬƐ͕ŵĞĚŝĂŶƐ͕ĂŶĚƐƚŽƌŵĚƌĂŝŶƐ͘  ĂƉŝƚĂůĂƐƐĞƚƐƵƐĞĚŝŶŽƉĞƌĂƚŝŽŶƐĂƌĞĚĞƉƌĞĐŝĂƚĞĚŽǀĞƌƚŚĞŝƌĞƐƚŝŵĂƚĞĚƵƐĞĨƵůůŝǀĞƐƵƐŝŶŐƚŚĞƐƚƌĂŝŐŚƚͲůŝŶĞŵĞƚŚŽĚ ŝŶƚŚĞŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂŶĚŝŶƚŚĞĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŽĨƚŚĞƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐ͘ ĞƉƌĞĐŝĂƚŝŽŶŝƐĐŚĂƌŐĞĚĂƐĂŶĞdžƉĞŶƐĞĂŐĂŝŶƐƚŽƉĞƌĂƚŝŽŶƐĂŶĚĂĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶŝƐƌĞƉŽƌƚĞĚŽŶƚŚĞ ƌĞƐƉĞĐƚŝǀĞďĂůĂŶĐĞƐŚĞĞƚ͘  dŚĞĨŽůůŽǁŝŶŐƐĐŚĞĚƵůĞƐƵŵŵĂƌŝnjĞƐĐĂƉŝƚĂůĂƐƐĞƚƵƐĞĨƵůůŝǀĞƐ͗  ƵŝůĚŝŶŐĂŶĚŝŵƉƌŽǀĞŵĞŶƚƐ ϭϬͲϯϬLJĞĂƌƐ ƋƵŝƉŵĞŶƚĂŶĚĨƵƌŶŝƚƵƌĞ ϯͲϮϬLJĞĂƌƐ sĞŚŝĐůĞƐ ϱͲϭϬLJĞĂƌƐ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ ϭϬͲϱϬLJĞĂƌƐ ^ŽĨƚǁĂƌĞ ϱͲϭϬLJĞĂƌƐ   391 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϯϵ WƌŽƉĞƌƚLJdĂdžĞƐ hŶĚĞƌĂůŝĨŽƌŶŝĂůĂǁ͕ƉƌŽƉĞƌƚLJƚĂdžĞƐĂƌĞĂƐƐĞƐƐĞĚĂŶĚĐŽůůĞĐƚĞĚďLJƚŚĞĐŽƵŶƚŝĞƐƵƉƚŽϭƉĞƌĐĞŶƚŽĨĂƐƐĞƐƐĞĚ ǀĂůƵĞ͕ƉůƵƐŽƚŚĞƌŝŶĐƌĞĂƐĞƐĂƉƉƌŽǀĞĚďLJƚŚĞǀŽƚĞƌƐ͘dŚĞƉƌŽƉĞƌƚLJƚĂdžĞƐĂƌĞƌĞĐŽƌĚĞĚŝŶŝƚŝĂůůLJŝŶĂƉŽŽů͕ĂŶĚĂƌĞ ƚŚĞŶĂůůŽĐĂƚĞĚƚŽƚŚĞĐŝƚŝĞƐďĂƐĞĚŽŶĐŽŵƉůĞdžĨŽƌŵƵůĂƐ͘ĐĐŽƌĚŝŶŐůLJ͕ƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂĂĐĐƌƵĞƐŽŶůLJƚŚŽƐĞ ƚĂdžĞƐƚŚĂƚĂƌĞƌĞĐĞŝǀĞĚĨƌŽŵƚŚĞŽƵŶƚLJǁŝƚŚŝŶƐŝdžƚLJĚĂLJƐĂĨƚĞƌLJĞĂƌͲĞŶĚ͘ >ŝĞŶĚĂƚĞ :ĂŶƵĂƌLJϭ >ĞǀLJĚĂƚĞ :ƵůLJϭ ƵĞĚĂƚĞƐ EŽǀĞŵďĞƌϭĂŶĚ&ĞďƌƵĂƌLJϭ ŽůůĞĐƚŝŽŶĚĂƚĞƐ ĞĐĞŵďĞƌϭϬĂŶĚƉƌŝůϭϬ ĞĨĞƌƌĞĚKƵƚĨůŽǁƐͬ/ŶĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐ /ŶĂĚĚŝƚŝŽŶƚŽĂƐƐĞƚƐ͕ƚŚĞƐƚĂƚĞŵĞŶƚƐŽĨŶĞƚƉŽƐŝƚŝŽŶĂŶĚƚŚĞŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚďĂůĂŶĐĞƐŚĞĞƚǁŝůůƐŽŵĞƚŝŵĞƐ ƌĞƉŽƌƚĂƐĞƉĂƌĂƚĞƐĞĐƚŝŽŶĨŽƌĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ͘dŚŝƐƐĞƉĂƌĂƚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚĞůĞŵĞŶƚ͕ ĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ͕ƌĞƉƌĞƐĞŶƚƐĂĐŽŶƐƵŵƉƚŝŽŶŽĨŶĞƚƉŽƐŝƚŝŽŶƚŚĂƚĂƉƉůŝĞƐƚŽĂĨƵƚƵƌĞƉĞƌŝŽĚ;ƐͿĂŶĚ ƐŽǁŝůůŶŽƚďĞƌĞĐŽŐŶŝnjĞĚĂƐĂŶŽƵƚĨůŽǁŽĨƌĞƐŽƵƌĐĞƐ;ĞdžƉĞŶƐĞͬĞdžƉĞŶĚŝƚƵƌĞͿƵŶƚŝůƚŚĞŶ͘'ŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ ƌĞĐŽƌĚĞĚĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽƉĞŶƐŝŽŶƐĂŶĚŽƚŚĞƌƉŽƐƚͲĞŵƉůŽLJŵĞŶƚďĞŶĞĨŝƚƐ͘^ĞĞEŽƚĞƐϴ ĂŶĚϵĨŽƌŵŽƌĞŝŶĨŽƌŵĂƚŝŽŶĂďŽƵƚĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƉĞŶƐŝŽŶƐĂŶĚƉŽƐƚͲĞŵƉůŽLJŵĞŶƚďĞŶĞĨŝƚƐ͕ƌĞƐƉĞĐƚŝǀĞůLJ͘ dŚĞWƌŝǀĂƚĞWƵƌƉŽƐĞdƌƵƐƚ&ƵŶĚͲ^ƵĐĐĞƐƐŽƌŐĞŶĐLJŽĨƚŚĞĨŽƌŵĞƌZƌĞĐŽƌĚĞĚĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ ƌĞůĂƚĞĚƚŽĚĞďƚƌĞĨƵŶĚŝŶŐƐ͘^ĞĞEŽƚĞϭϳĨŽƌŵŽƌĞŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚĞĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽ ĚĞďƚƌĞĨƵŶĚŝŶŐƐ͘ /ŶĂĚĚŝƚŝŽŶƚŽůŝĂďŝůŝƚŝĞƐ͕ƚŚĞƐƚĂƚĞŵĞŶƚƐŽĨŶĞƚƉŽƐŝƚŝŽŶĂŶĚŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚďĂůĂŶĐĞƐŚĞĞƚǁŝůůƐŽŵĞƚŝŵĞƐ ƌĞƉŽƌƚĂƐĞƉĂƌĂƚĞƐĞĐƚŝŽŶĨŽƌĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ͘dŚŝƐƐĞƉĂƌĂƚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚĞůĞŵĞŶƚ͕ĚĞĨĞƌƌĞĚ ŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ͕ƌĞƉƌĞƐĞŶƚƐĂŶĂĐƋƵŝƐŝƚŝŽŶŽĨŶĞƚƉŽƐŝƚŝŽŶƚŚĂƚĂƉƉůŝĞƐƚŽĂĨƵƚƵƌĞƉĞƌŝŽĚ;ƐͿĂŶĚƐŽǁŝůůŶŽƚ ďĞƌĞĐŽŐŶŝnjĞĚĂƐĂŶŝŶĨůŽǁŽĨƌĞƐŽƵƌĐĞƐ;ƌĞǀĞŶƵĞͿƵŶƚŝůƚŚĂƚƚŝŵĞ͘dŚĞŝƚLJŚĂƐƌĞƉŽƌƚĞĚŝƚĞŵƐŽŶƚŚĞ ŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚďĂůĂŶĐĞƐŚĞĞƚĂƐƵŶĂǀĂŝůĂďůĞƌĞǀĞŶƵĞƐƚŚĂƚǁĞƌĞŶŽƚƌĞĐĞŝǀĞĚǁŝƚŚŝŶƚŚĞŝƚLJ͛ƐĂǀĂŝůĂďŝůŝƚLJ ƉĞƌŝŽĚ͘ĚĚŝƚŝŽŶĂůůLJ͕ŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐƌĞĐŽƌĚĞĚĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽƉĞŶƐŝŽŶƐĂŶĚ KW͘^ĞĞEŽƚĞƐϴĂŶĚϵĨŽƌŵŽƌĞŝŶĨŽƌŵĂƚŝŽŶĂďŽƵƚĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƉĞŶƐŝŽŶƐĂŶĚƉŽƐƚͲĞŵƉůŽLJŵĞŶƚ ďĞŶĞĨŝƚƐ͕ƌĞƐƉĞĐƚŝǀĞůLJ͘ ŽŵƉĞŶƐĂƚĞĚďƐĞŶĐĞƐ sĂĐĂƚŝŽŶĂŶĚƐŝĐŬƚŝŵĞŝƐǀĞƐƚĞĚŽŶĂƉĞƌĐĞŶƚĂŐĞďĂƐĞĚŽŶŶƵŵďĞƌŽĨLJĞĂƌƐĞŵƉůŽLJĞĚĂƚƚŚĞŝƚLJ͘DĂdžŝŵƵŵ ĂĐĐƵŵƵůĂƚŝŽŶŽĨƐŝĐŬĂŶĚǀĂĐĂƚŝŽŶŝƐϰϬĂŶĚϲϬĚĂLJƐ͕ƌĞƐƉĞĐƚŝǀĞůLJ͘ hƉŽŶƚĞƌŵŝŶĂƚŝŽŶŽƌƌĞƚŝƌĞŵĞŶƚ͕ƉĞƌŵĂŶĞŶƚĞŵƉůŽLJĞĞƐĂƌĞĞŶƚŝƚůĞĚƚŽƌĞĐĞŝǀĞĐŽŵƉĞŶƐĂƚŝŽŶĂƚƚŚĞŝƌĐƵƌƌĞŶƚ ďĂƐĞƐĂůĂƌLJĨŽƌĂůůƵŶƵƐĞĚǀĂĐĂƚŝŽŶůĞĂǀĞ͘/ĨĂŶĞŵƉůŽLJĞĞƚĞƌŵŝŶĂƚĞƐǁŝƚŚĂŵŝŶŝŵƵŵŽĨƚǁŽLJĞĂƌƐ͛ƐĞƌǀŝĐĞ͕ƚŚĞ ĞŵƉůŽLJĞĞŝƐĞŶƚŝƚůĞĚƚŽƌĞĐĞŝǀĞϮϱƉĞƌĐĞŶƚŽĨƚŚĞǀĂůƵĞŽĨŚŝƐƵŶƵƐĞĚƐŝĐŬůĞĂǀĞ͘dŚĞƉĞƌĐĞŶƚĂŐĞŝŶĐƌĞĂƐĞƐďLJϮϱ ƉĞƌĐĞŶƚĨŽƌĞĂĐŚĨŝǀĞͲLJĞĂƌƉĞƌŝŽĚƵŶƚŝůƚŚĞĞŵƉůŽLJĞĞŝƐĞŶƚŝƚůĞĚƚŽϭϬϬƉĞƌĐĞŶƚŽĨƚŚĞǀĂůƵĞŽĨƚŚĞŝƌƵŶƵƐĞĚƐŝĐŬ ůĞĂǀĞ͘dŚŝƐǁŝůůŽĐĐƵƌƵƉŽŶƚŚĞĐŽŵƉůĞƚŝŽŶŽĨƚǁĞŶƚLJLJĞĂƌƐŽĨĐŽŶƚŝŶƵŽƵƐĞŵƉůŽLJŵĞŶƚ͘dŚĞ'ĞŶĞƌĂů&ƵŶĚ ƌĞƐŽƵƌĐĞƐĂƌĞƵƐĞĚƚŽƉĂLJĨŽƌƚŚĞĂĐĐƵŵƵůĂƚĞĚďĞŶĞĨŝƚƐƚŽĞŵƉůŽLJĞĞƐ͘ 392  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϰϬ >ŽŶŐͲdĞƌŵKďůŝŐĂƚŝŽŶƐ  /ŶƚŚĞŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂŶĚƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ůŽŶŐͲƚĞƌŵĚĞďƚĂŶĚ ŽƚŚĞƌůŽŶŐͲƚĞƌŵŽďůŝŐĂƚŝŽŶƐĂƌĞƌĞƉŽƌƚĞĚĂƐůŝĂďŝůŝƚŝĞƐŝŶƚŚĞĂƉƉůŝĐĂďůĞŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ͕ďƵƐŝŶĞƐƐͲƚLJƉĞ ĂĐƚŝǀŝƚŝĞƐŽƌƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƚLJƉĞƐƚĂƚĞŵĞŶƚŽĨŶĞƚƉŽƐŝƚŝŽŶ͘ŽŶĚƉƌĞŵŝƵŵƐĂŶĚĚŝƐĐŽƵŶƚƐĂƌĞĚĞĨĞƌƌĞĚĂŶĚ ĂŵŽƌƚŝnjĞĚŽǀĞƌƚŚĞůŝĨĞŽĨƚŚĞďŽŶĚƐƵƐŝŶŐƚŚĞĞĨĨĞĐƚŝǀĞŝŶƚĞƌĞƐƚŵĞƚŚŽĚ͘ŽŶĚƐƉĂLJĂďůĞĂƌĞƌĞƉŽƌƚĞĚŶĞƚŽĨƚŚĞ ĂƉƉůŝĐĂďůĞďŽŶĚƉƌĞŵŝƵŵŽƌĚŝƐĐŽƵŶƚ͘  /ŶƚŚĞĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƚLJƉĞƐƌĞĐŽŐŶŝnjĞďŽŶĚƉƌĞŵŝƵŵƐĂŶĚĚŝƐĐŽƵŶƚƐ͕ĂƐǁĞůůĂƐ ďŽŶĚŝƐƐƵĂŶĐĞĐŽƐƚƐ͕ĚƵƌŝŶŐƚŚĞĐƵƌƌĞŶƚƉĞƌŝŽĚ͘dŚĞĨĂĐĞĂŵŽƵŶƚŽĨĚĞďƚŝƐƐƵĞĚŝƐƌĞƉŽƌƚĞĚĂƐŽƚŚĞƌĨŝŶĂŶĐŝŶŐ ƐŽƵƌĐĞƐ͘WƌĞŵŝƵŵƐƌĞĐĞŝǀĞĚŽŶĚĞďƚŝƐƐƵĂŶĐĞƐĂƌĞƌĞƉŽƌƚĞĚĂƐŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞƐǁŚŝůĞĚŝƐĐŽƵŶƚƐŽŶĚĞďƚ ŝƐƐƵĂŶĐĞƐĂƌĞƌĞƉŽƌƚĞĚĂƐŽƚŚĞƌĨŝŶĂŶĐŝŶŐƵƐĞƐ͘/ƐƐƵĂŶĐĞĐŽƐƚƐ͕ǁŚĞƚŚĞƌŽƌŶŽƚǁŝƚŚŚĞůĚĨƌŽŵƚŚĞĂĐƚƵĂůĚĞďƚ ƉƌŽĐĞĞĚƐƌĞĐĞŝǀĞĚ͕ĂƌĞƌĞƉŽƌƚĞĚĂƐĚĞďƚƐĞƌǀŝĐĞĞdžƉĞŶĚŝƚƵƌĞƐ͘  &ƵŶĚĂůĂŶĐĞ  /ŶƚŚĞĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐƌĞƉŽƌƚƚŚĞĨŽůůŽǁŝŶŐĨƵŶĚďĂůĂŶĐĞĐůĂƐƐŝĨŝĐĂƚŝŽŶƐ͗  EŽŶƐƉĞŶĚĂďůĞŝŶĐůƵĚĞƐĂŵŽƵŶƚƐƚŚĂƚĐĂŶŶŽƚďĞƐƉĞŶƚďĞĐĂƵƐĞƚŚĞLJĂƌĞĞŝƚŚĞƌ;ĂͿŶŽƚŝŶƐƉĞŶĚĂďůĞĨŽƌŵŽƌ ;ďͿůĞŐĂůůLJŽƌĐŽŶƚƌĂĐƚƵĂůůLJƌĞƋƵŝƌĞĚƚŽďĞŵĂŝŶƚĂŝŶĞĚŝŶƚĂĐƚ͘  ZĞƐƚƌŝĐƚĞĚŝŶĐůƵĚĞƐĂŵŽƵŶƚƐƚŚĂƚĂƌĞĐŽŶƐƚƌĂŝŶĞĚŽŶƚŚĞƵƐĞŽĨƌĞƐŽƵƌĐĞƐďLJĞŝƚŚĞƌ;ĂͿĞdžƚĞƌŶĂůĐƌĞĚŝƚŽƌƐ͕ ŐƌĂŶƚŽƌƐ͕ĐŽŶƚƌŝďƵƚŽƌƐ͕ŽƌůĂǁƐŽĨƌĞŐƵůĂƚŝŽŶƐŽĨŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐŽƌ;ďͿďLJůĂǁƚŚƌŽƵŐŚĐŽŶƐƚŝƚƵƚŝŽŶĂů ƉƌŽǀŝƐŝŽŶƐŽƌĞŶĂďůŝŶŐůĞŐŝƐůĂƚŝŽŶ͘  ŽŵŵŝƚƚĞĚŝŶĐůƵĚĞƐĂŵŽƵŶƚƐƚŚĂƚĐĂŶŽŶůLJďĞƵƐĞĚĨŽƌƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞƐƉƵƌƐƵĂŶƚƚŽĐŽŶƐƚƌĂŝŶƚƐŝŵƉŽƐĞĚďLJ ĨŽƌŵĂůĂĐƚŝŽŶŽĨƚŚĞŝƚLJ͛ƐŚŝŐŚĞƐƚĂƵƚŚŽƌŝƚLJ͕ƚŚĞŝƚLJŽƵŶĐŝů͘dŚĞĨŽƌŵĂůĂĐƚŝŽŶƚŚĂƚŝƐƌĞƋƵŝƌĞĚƚŽďĞƚĂŬĞŶƚŽ ĞƐƚĂďůŝƐŚ͕ŵŽĚŝĨLJ͕ŽƌƌĞƐĐŝŶĚĂĨƵŶĚďĂůĂŶĐĞĐŽŵŵŝƚŵĞŶƚŝƐďLJĂƌĞƐŽůƵƚŝŽŶ͘  ƐƐŝŐŶĞĚŝŶĐůƵĚĞƐĂŵŽƵŶƚƐƚŚĂƚĂƌĞĐŽŶƐƚƌĂŝŶĞĚďLJƚŚĞŝƚLJ͛ƐŝŶƚĞŶƚƚŽďĞƵƐĞĚĨŽƌƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞƐ͕ďƵƚĂƌĞ ŶĞŝƚŚĞƌƌĞƐƚƌŝĐƚĞĚŶŽƌĐŽŵŵŝƚƚĞĚ͘ŝƚLJŽƵŶĐŝůŝƐĂƵƚŚŽƌŝnjĞĚƚŽĂƐƐŝŐŶĂŵŽƵŶƚƐƚŽĂƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞ͘dŚĞŝƚLJ ŽƵŶĐŝůĂƵƚŚŽƌŝnjĞƐĂƐƐŝŐŶĞĚĂŵŽƵŶƚƐĨŽƌƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞƐƉƵƌƐƵĂŶƚƚŽƚŚĞƉŽůŝĐLJͲŵĂŬŝŶŐƉŽǁĞƌƐŐƌĂŶƚĞĚ ƚŚƌŽƵŐŚĂƌĞƐŽůƵƚŝŽŶ͘  hŶĂƐƐŝŐŶĞĚŝŶĐůƵĚĞƐƚŚĞƌĞƐŝĚƵĂůĂŵŽƵŶƚƐƚŚĂƚŚĂǀĞŶŽƚďĞĞŶƌĞƐƚƌŝĐƚĞĚ͕ĐŽŵŵŝƚƚĞĚ͕ŽƌĂƐƐŝŐŶĞĚƚŽƐƉĞĐŝĨŝĐ ƉƵƌƉŽƐĞƐ͘dŚĞŐĞŶĞƌĂůĨƵŶĚŝƐƚŚĞŽŶůLJĨƵŶĚƚŚĂƚƌĞƉŽƌƚƐĂƉŽƐŝƚŝǀĞƵŶĂƐƐŝŐŶĞĚĨƵŶĚďĂůĂŶĐĞ͘  &ƵŶĚĂůĂŶĐĞ&ůŽǁƐƐƵŵƉƚŝŽŶƐʹŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ  ^ŽŵĞƚŝŵĞƐƚŚĞŝƚLJǁŝůůĨƵŶĚŽƵƚůĂLJƐĨŽƌĂƉĂƌƚŝĐƵůĂƌƉƵƌƉŽƐĞĨƌŽŵďŽƚŚƌĞƐƚƌŝĐƚĞĚĂŶĚƵŶƌĞƐƚƌŝĐƚĞĚƌĞƐŽƵƌĐĞƐ ;ƚŚĞƚŽƚĂůŽĨĐŽŵŵŝƚƚĞĚ͕ĂƐƐŝŐŶĞĚ͕ĂŶĚƵŶĂƐƐŝŐŶĞĚĨƵŶĚďĂůĂŶĐĞͿ͘/ŶŽƌĚĞƌƚŽĐĂůĐƵůĂƚĞƚŚĞĂŵŽƵŶƚƐƚŽƌĞƉŽƌƚĂƐ ƌĞƐƚƌŝĐƚĞĚ͕ĐŽŵŵŝƚƚĞĚ͕ĂƐƐŝŐŶĞĚ͕ĂŶĚƵŶĂƐƐŝŐŶĞĚĨƵŶĚďĂůĂŶĐĞŝŶƚŚĞŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂ ĨůŽǁĂƐƐƵŵƉƚŝŽŶŵƵƐƚďĞŵĂĚĞĂďŽƵƚƚŚĞŽƌĚĞƌŝŶǁŚŝĐŚƚŚĞƌĞƐŽƵƌĐĞƐĂƌĞĐŽŶƐŝĚĞƌĞĚƚŽďĞĂƉƉůŝĞĚ͘ 393 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϰϭ /ƚŝƐƚŚĞŝƚLJ͛ƐƉŽůŝĐLJƚŽĐŽŶƐŝĚĞƌƌĞƐƚƌŝĐƚĞĚĨƵŶĚďĂůĂŶĐĞƚŽŚĂǀĞďĞĞŶĚĞƉůĞƚĞĚďĞĨŽƌĞƵƐŝŶŐĂŶLJŽĨƚŚĞ ĐŽŵƉŽŶĞŶƚƐŽĨƵŶƌĞƐƚƌŝĐƚĞĚĨƵŶĚďĂůĂŶĐĞ͘&ƵƌƚŚĞƌ͕ǁŚĞŶƚŚĞĐŽŵƉŽŶĞŶƚƐŽĨƵŶƌĞƐƚƌŝĐƚĞĚĨƵŶĚďĂůĂŶĐĞĐĂŶďĞ ƵƐĞĚĨŽƌƚŚĞƐĂŵĞƉƵƌƉŽƐĞ͕ĐŽŵŵŝƚƚĞĚĨƵŶĚďĂůĂŶĐĞŝƐĚĞƉůĞƚĞĚĨŝƌƐƚ͕ĨŽůůŽǁĞĚďLJĂƐƐŝŐŶĞĚĨƵŶĚďĂůĂŶĐĞ͘ hŶĂƐƐŝŐŶĞĚĨƵŶĚďĂůĂŶĐĞŝƐĂƉƉůŝĞĚůĂƐƚ͘ EĞƚWŽƐŝƚŝŽŶ&ůŽǁƐƐƵŵƉƚŝŽŶʹŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĂŶĚƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ ^ŽŵĞƚŝŵĞƐƚŚĞŝƚLJǁŝůůĨƵŶĚŽƵƚůĂLJƐĨŽƌĂƉĂƌƚŝĐƵůĂƌƉƵƌƉŽƐĞĨƌŽŵďŽƚŚƌĞƐƚƌŝĐƚĞĚ;Ğ͘Ő͕͘ƌĞƐƚƌŝĐƚĞĚďŽŶĚŽƌŐƌĂŶƚ ƉƌŽĐĞĞĚƐͿĂŶĚƵŶƌĞƐƚƌŝĐƚĞĚƌĞƐŽƵƌĐĞƐ͘/ŶŽƌĚĞƌƚŽĐĂůĐƵůĂƚĞƚŚĞĂŵŽƵŶƚƐƚŽƌĞƉŽƌƚĂƐƌĞƐƚƌŝĐƚĞĚŶĞƚƉŽƐŝƚŝŽŶĂŶĚ ƵŶƌĞƐƚƌŝĐƚĞĚŶĞƚƉŽƐŝƚŝŽŶŝŶƚŚĞŐŽǀĞƌŶŵĞŶƚͲǁŝĚĞĂŶĚƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ĂĨůŽǁĂƐƐƵŵƉƚŝŽŶ ŵƵƐƚďĞŵĂĚĞĂďŽƵƚƚŚĞŽƌĚĞƌŝŶǁŚŝĐŚƚŚĞƌĞƐŽƵƌĐĞƐĂƌĞĐŽŶƐŝĚĞƌĞĚƚŽďĞĂƉƉůŝĞĚ͘/ƚŝƐƚŚĞŝƚLJ͛ƐƉŽůŝĐLJƚŽ ĐŽŶƐŝĚĞƌƌĞƐƚƌŝĐƚĞĚŶĞƚƉŽƐŝƚŝŽŶƚŽŚĂǀĞďĞĞŶĚĞƉůĞƚĞĚďĞĨŽƌĞƵŶƌĞƐƚƌŝĐƚĞĚŶĞƚƉŽƐŝƚŝŽŶŝƐĂƉƉůŝĞĚ͘ hƐĞŽĨƐƚŝŵĂƚĞƐ dŚĞƉƌĞƉĂƌĂƚŝŽŶŽĨĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŝŶĐŽŶĨŽƌŵŝƚLJǁŝƚŚĂĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚŝŶƚŚĞ hŶŝƚĞĚ^ƚĂƚĞƐŽĨŵĞƌŝĐĂƌĞƋƵŝƌĞƐŵĂŶĂŐĞŵĞŶƚƚŽŵĂŬĞĞƐƚŝŵĂƚĞƐĂŶĚĂƐƐƵŵƉƚŝŽŶƐƚŚĂƚĂĨĨĞĐƚƚŚĞƌĞƉŽƌƚĞĚ ĂŵŽƵŶƚƐŽĨĂƐƐĞƚƐ͕ůŝĂďŝůŝƚŝĞƐ͕ĂŶĚĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐͬŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐĂŶĚĚŝƐĐůŽƐƵƌĞŽĨĐŽŶƚŝŶŐĞŶƚĂƐƐĞƚƐĂŶĚ ůŝĂďŝůŝƚŝĞƐĂƚƚŚĞĚĂƚĞŽĨƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂŶĚƚŚĞƌĞƉŽƌƚĞĚĂŵŽƵŶƚƐŽĨƌĞǀĞŶƵĞƐĂŶĚ ĞdžƉĞŶĚŝƚƵƌĞƐͬĞdžƉĞŶƐĞƐĚƵƌŝŶŐƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚ͘ĐƚƵĂůƌĞƐƵůƚƐĐŽƵůĚĚŝĨĨĞƌĨƌŽŵƚŚŽƐĞĞƐƚŝŵĂƚĞƐ͘ EĞǁĐĐŽƵŶƚŝŶŐWƌŽŶŽƵŶĐĞŵĞŶƚƐ ĚŽƉƚĞĚŝŶƚŚĞƵƌƌĞŶƚzĞĂƌ '^^ƚĂƚĞŵĞŶƚEŽ͘ϴϰʹ/Ŷ:ĂŶƵĂƌLJϮϬϭϳ͕'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϴϰ͕&ŝĚƵĐŝĂƌLJĐƚŝǀŝƚŝĞƐ͘dŚĞŽďũĞĐƚŝǀĞŽĨ ƚŚŝƐ^ƚĂƚĞŵĞŶƚŝƐƚŽŝŵƉƌŽǀĞŐƵŝĚĂŶĐĞƌĞŐĂƌĚŝŶŐƚŚĞŝĚĞŶƚŝĨŝĐĂƚŝŽŶŽĨĨŝĚƵĐŝĂƌLJĂĐƚŝǀŝƚŝĞƐĨŽƌĂĐĐŽƵŶƚŝŶŐĂŶĚ ĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐƉƵƌƉŽƐĞƐĂŶĚŚŽǁƚŚŽƐĞĂĐƚŝǀŝƚŝĞƐƐŚŽƵůĚďĞƌĞƉŽƌƚĞĚ͘dŚŝƐ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌ ƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐďĞŐŝŶŶŝŶŐĂĨƚĞƌĞĐĞŵďĞƌϭϱ͕ϮϬϭϵ͘dŚĞŝƚLJŚĂƐŝŵƉůĞŵĞŶƚĞĚƚŚŝƐ^ƚĂƚĞŵĞŶƚĞĨĨĞĐƚŝǀĞ:ƵůLJϭ͕ ϮϬϮϬ͘ '^^ƚĂƚĞŵĞŶƚEŽ͘ϵϬʹ/Ŷ^ĞƉƚĞŵďĞƌϮϬϭϴ͕ƚŚĞ'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϵϬ͕DĂũŽƌŝƚLJƋƵŝƚLJ/ŶƚĞƌĞƐƚƐ͕Ŷ ŵĞŶĚŵĞŶƚŽĨ'^^ƚĂƚĞŵĞŶƚƐEŽ͘ϭϰĂŶĚEŽ͘ϲϭ͘dŚĞŽďũĞĐƚŝǀĞƐŽĨƚŚŝƐ^ƚĂƚĞŵĞŶƚĂƌĞƚŽŝŵƉƌŽǀĞƚŚĞ ĐŽŶƐŝƐƚĞŶĐLJĂŶĚĐŽŵƉĂƌĂďŝůŝƚLJŽĨƌĞƉŽƌƚŝŶŐĂŐŽǀĞƌŶŵĞŶƚ͛ƐŵĂũŽƌŝƚLJĞƋƵŝƚLJŝŶƚĞƌĞƐƚŝŶĂůĞŐĂůůLJƐĞƉĂƌĂƚĞ ŽƌŐĂŶŝnjĂƚŝŽŶĂŶĚƚŽŝŵƉƌŽǀĞƚŚĞƌĞůĞǀĂŶĐĞŽĨĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚŝŶĨŽƌŵĂƚŝŽŶĨŽƌĐĞƌƚĂŝŶĐŽŵƉŽŶĞŶƚƵŶŝƚƐ͘dŚĞ ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐďĞŐŝŶŶŝŶŐĂĨƚĞƌĞĐĞŵďĞƌϭϱ͕ϮϬϭϵ͘dŚĞŝƚLJŚĂƐŝŵƉůĞŵĞŶƚĞĚƚŚŝƐ ^ƚĂƚĞŵĞŶƚĞĨĨĞĐƚŝǀĞ:ƵůLJϭ͕ϮϬϮϬ͘ '^^ƚĂƚĞŵĞŶƚEŽ͘ϵϴʹ/ŶKĐƚŽďĞƌϮϬϮϭ͕ƚŚĞ'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϵϴ͕dŚĞŶŶƵĂůŽŵƉƌĞŚĞŶƐŝǀĞ &ŝŶĂŶĐŝĂůZĞƉŽƌƚ͘dŚĞƐƚĂƚĞŵĞŶƚĞƐƚĂďůŝƐŚĞƐƚŚĞƚĞƌŵĂŶŶƵĂůĐŽŵƉƌĞŚĞŶƐŝǀĞĨŝŶĂŶĐŝĂůƌĞƉŽƌƚĂŶĚŝƚƐĂĐƌŽŶLJŵ &Z͘dŚĞŶĞǁƚĞƌŵĂŶĚĂĐƌŽŶLJŵƌĞƉůĂĐĞƐŝŶƐƚĂŶĐĞƐŽĨĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶŶƵĂůĨŝŶĂŶĐŝĂůƌĞƉŽƌƚĂŶĚŝƚƐĂĐƌŽŶLJŵ ŝŶŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚĂĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐĨŽƌƐƚĂƚĞĂŶĚůŽĐĂůŐŽǀĞƌŶŵĞŶƚƐ͘dŚĞŝƚLJŝŵƉůĞŵĞŶƚĞĚƚŚŝƐ ƐƚĂƚĞŵĞŶƚĞĨĨĞĐƚŝǀĞ:ƵůLJϭ͕ϮϬϮϬ͘ 394  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϰϮ ĨĨĞĐƚŝǀĞŝŶ&ƵƚƵƌĞ&ŝƐĐĂůzĞĂƌƐ  dŚĞŝƚLJŝƐĐƵƌƌĞŶƚůLJĞǀĂůƵĂƚŝŶŐƚŚĞƉŽƚĞŶƚŝĂůŝŵƉĂĐƚŽĨƚŚĞĨŽůůŽǁŝŶŐŝƐƐƵĞĚ͕ďƵƚŶŽƚLJĞƚĞĨĨĞĐƚŝǀĞ͕ĂĐĐŽƵŶƚŝŶŐ ƐƚĂŶĚĂƌĚƐ͘  '^^ƚĂƚĞŵĞŶƚEŽ͘ϴϳʹ/Ŷ:ƵŶĞϮϬϭϳ͕'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϴϳ͕>ĞĂƐĞƐ͘dŚĞŽďũĞĐƚŝǀĞŽĨƚŚŝƐ^ƚĂƚĞŵĞŶƚ ŝƐƚŽďĞƚƚĞƌŵĞĞƚƚŚĞŝŶĨŽƌŵĂƚŝŽŶŶĞĞĚƐŽĨĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƵƐĞƌƐďLJŝŵƉƌŽǀŝŶŐĂĐĐŽƵŶƚŝŶŐĂŶĚĨŝŶĂŶĐŝĂů ƌĞƉŽƌƚŝŶŐĨŽƌůĞĂƐĞƐ͖ĞŶŚĂŶĐŝŶŐƚŚĞĐŽŵƉĂƌĂďŝůŝƚLJŽĨĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐďĞƚǁĞĞŶŐŽǀĞƌŶŵĞŶƚƐ͖ĂŶĚĂůƐŽ ĞŶŚĂŶĐŝŶŐƚŚĞƌĞůĞǀĂŶĐĞ͕ƌĞůŝĂďŝůŝƚLJ;ƌĞƉƌĞƐĞŶƚĂƚŝŽŶĂůĨĂŝƚŚĨƵůŶĞƐƐͿ͕ĂŶĚĐŽŶƐŝƐƚĞŶĐLJŽĨŝŶĨŽƌŵĂƚŝŽŶĂďŽƵƚƚŚĞ ůĞĂƐŝŶŐĂĐƚŝǀŝƚŝĞƐŽĨŐŽǀĞƌŶŵĞŶƚƐ͘dŚŝƐ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐďĞŐŝŶŶŝŶŐĂĨƚĞƌ:ƵŶĞϭϱ͕ϮϬϮϭ͕ Žƌ&zϮϬϮϭͬϮϬϮϮ͘dŚĞŝƚLJŚĂƐŶŽƚĚĞƚĞƌŵŝŶĞĚƚŚĞĞĨĨĞĐƚŽŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘  '^^ƚĂƚĞŵĞŶƚEŽ͘ϴϵʹ/Ŷ:ƵŶĞϮϬϭϴ͕ƚŚĞ'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϴϵ͕ĐĐŽƵŶƚŝŶŐĨŽƌ/ŶƚĞƌĞƐƚŽƐƚ/ŶĐƵƌƌĞĚ ĞĨŽƌĞƚŚĞŶĚŽĨĂŽŶƐƚƌƵĐƚŝŽŶWĞƌŝŽĚ͘dŚĞŽďũĞĐƚŝǀĞƐŽĨƚŚŝƐ^ƚĂƚĞŵĞŶƚĂƌĞ;ĂͿƚŽĞŶŚĂŶĐĞƚŚĞƌĞůĞǀĂŶĐĞĂŶĚ ĐŽŵƉĂƌĂďŝůŝƚLJŽĨŝŶĨŽƌŵĂƚŝŽŶĂďŽƵƚĐĂƉŝƚĂůĂƐƐĞƚƐĂŶĚƚŚĞĐŽƐƚŽĨďŽƌƌŽǁŝŶŐĨŽƌĂƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚĂŶĚ;ďͿƚŽ ƐŝŵƉůŝĨLJĂĐĐŽƵŶƚŝŶŐĨŽƌĐĞƌƚĂŝŶŝŶƚĞƌĞƐƚĐŽƐƚƐ͘dŚŝƐ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐďĞŐŝŶŶŝŶŐĂĨƚĞƌ ĞĐĞŵďĞƌϭϱ͕ϮϬϮϬ͕Žƌ&zϮϬϮϭͬϮϬϮϮ͘dŚĞŝƚLJŚĂƐŶŽƚĚĞƚĞƌŵŝŶĞĚƚŚĞĞĨĨĞĐƚŽŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘  '^^ƚĂƚĞŵĞŶƚEŽ͘ϵϭʹ/ŶDĂLJϮϬϭϵ͕ƚŚĞ'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϵϭ͕ŽŶĚƵŝƚĞďƚKďůŝŐĂƚŝŽŶƐ͘dŚĞ ŽďũĞĐƚŝǀĞŽĨƚŚŝƐ^ƚĂƚĞŵĞŶƚŝƐƚŽƉƌŽǀŝĚĞĂƐŝŶŐůĞŵĞƚŚŽĚŽĨƌĞƉŽƌƚŝŶŐĐŽŶĚƵŝƚĚĞďƚŽďůŝŐĂƚŝŽŶƐďLJŝƐƐƵĞƐĂŶĚ ĞůŝŵŝŶĂƚĞĚŝǀĞƌƐŝƚLJŝŶƉƌĂĐƚŝĐĞ͘dŚĞ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐďĞŐŝŶŶŝŶŐĂĨƚĞƌĞĐĞŵďĞƌϭϱ͕ ϮϬϮϭ͕Žƌ&zϮϬϮϮͬϮϬϮϯ͘dŚĞŝƚLJŚĂƐŶŽƚĚĞƚĞƌŵŝŶĞĚƚŚĞĞĨĨĞĐƚŽŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘  '^^ƚĂƚĞŵĞŶƚEŽ͘ϵϮʹ/Ŷ:ĂŶƵĂƌLJϮϬϮϬ͕ƚŚĞ'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϵϮ͕KŵŶŝďƵƐϮϬϮϬ͘dŚĞŽďũĞĐƚŝǀĞƐŽĨ ƚŚŝƐ^ƚĂƚĞŵĞŶƚĂƌĞƚŽĞŶŚĂŶĐĞĐŽŵƉĂƌĂďŝůŝƚLJŝŶĂĐĐŽƵŶƚŝŶŐĂŶĚĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐƚŽŝŵƉƌŽǀĞƚŚĞĐŽŶƐŝƐƚĞŶĐLJŽĨ ĂƵƚŚŽƌŝƚĂƚŝǀĞůŝƚĞƌĂƚƵƌĞďLJĂĚĚƌĞƐƐŝŶŐƉƌĂĐƚŝĐĞƐŝƐƐƵĞƐƚŚĂƚŚĂǀĞďĞĞŶŝĚĞŶƚŝĨŝĞĚĚƵƌŝŶŐŝŵƉůĞŵĞŶƚĂƚŝŽŶĂŶĚ ĂƉƉůŝĐĂƚŝŽŶŽĨĐĞƌƚĂŝŶ'^^ƚĂƚĞŵĞŶƚƐ͘dŚĞ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐďĞŐŝŶŶŝŶŐĂĨƚĞƌ:ƵŶĞϭϱ͕ ϮϬϮϭ͕Žƌ&zϮϬϮϭͬϮϬϮϮ͘dŚĞŝƚLJŚĂƐŶŽƚĚĞƚĞƌŵŝŶĞĚƚŚĞĞĨĨĞĐƚŽŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘  '^^ƚĂƚĞŵĞŶƚEŽ͘ϵϯʹ/ŶDĂƌĐŚϮϬϮϬ͕ƚŚĞ'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϵϯ͕ZĞƉůĂĐĞŵĞŶƚŽĨ/ŶƚĞƌďĂŶŬKĨĨĞƌĞĚ ZĂƚĞƐ͘dŚĞŽďũĞĐƚŝǀĞŽĨƚŚŝƐ^ƚĂƚĞŵĞŶƚŝƐƚŽĂĚĚƌĞƐƐƚŚĞĂĐĐŽƵŶƚŝŶŐĂŶĚĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐŝŵƉůŝĐĂƚŝŽŶƐƚŚĂƚ ƌĞƐƵůƚĨƌŽŵƚŚĞƌĞƉůĂĐĞŵĞŶƚŽĨĂŶ/KZ͘dŚĞ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐďĞŐŝŶŶŝŶŐĂĨƚĞƌ :ƵŶĞϭϱ͕ϮϬϮϭ͕Žƌ&zϮϬϮϭͬϮϬϮϮ͘dŚĞŝƚLJŚĂƐŶŽƚĚĞƚĞƌŵŝŶĞĚƚŚĞĞĨĨĞĐƚŽŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘  '^^ƚĂƚĞŵĞŶƚEŽ͘ϵϰʹ/ŶDĂƌĐŚϮϬϮϬ͕ƚŚĞ'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϵϰ͕WƵďůŝĐͲWƌŝǀĂƚĞĂŶĚWƵďůŝĐͲWƵďůŝĐ WĂƌƚŶĞƌƐŚŝƉƐĂŶĚǀĂŝůĂďŝůŝƚLJWĂLJŵĞŶƚƌƌĂŶŐĞŵĞŶƚƐ͘dŚĞŽďũĞĐƚŝǀĞŽĨƚŚŝƐ^ƚĂƚĞŵĞŶƚŝƐƚŽŝŵƉƌŽǀĞĨŝŶĂŶĐŝĂů ƌĞƉŽƌƚŝŶŐďLJĂĚĚƌĞƐƐŝŶŐŝƐƐƵĞƐƌĞůĂƚĞĚƚŽƉƵďůŝĐͲƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐͲƉƵďůŝĐƉĂƌƚŶĞƌƐŚŝƉĂƌƌĂŶŐĞŵĞŶƚƐ;WWWƐͿ͘dŚĞ ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐďĞŐŝŶŶŝŶŐĂĨƚĞƌ:ƵŶĞϭϱ͕ϮϬϮϮ͕Žƌ&zϮϬϮϮͬϮϬϮϯ͘dŚĞŝƚLJŚĂƐŶŽƚ ĚĞƚĞƌŵŝŶĞĚƚŚĞĞĨĨĞĐƚŽŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘  '^^ƚĂƚĞŵĞŶƚEŽ͘ϵϲʹ/ŶDĂLJϮϬϮϬ͕ƚŚĞ'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϵϲ͕^ƵďƐĐƌŝƉƚŝŽŶͲďĂƐĞĚ/ŶĨŽƌŵĂƚŝŽŶ dĞĐŚŶŽůŽŐLJƌƌĂŶŐĞŵĞŶƚƐ͘dŚĞŽďũĞĐƚŝǀĞŽĨƚŚŝƐ^ƚĂƚĞŵĞŶƚŝƐƚŽƉƌŽǀŝĚĞŐƵŝĚĂŶĐĞŽŶƚŚĞ ĂĐĐŽƵŶƚŝŶŐĂŶĚ ĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐĨŽƌƐƵďƐĐƌŝƉƚŝŽŶͲďĂƐĞĚŝŶĨŽƌŵĂƚŝŽŶƚĞĐŚŶŽůŽŐLJĂƌƌĂŶŐĞŵĞŶƚƐ;^/dƐͿĨŽƌŐŽǀĞƌŶŵĞŶƚĞŶĚ ƵƐĞƌƐ;ŐŽǀĞƌŶŵĞŶƚƐͿ͘dŚĞ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐďĞŐŝŶŶŝŶŐĂĨƚĞƌ:ƵŶĞϭϱ͕ϮϬϮϮ͕Žƌ&z ϮϬϮϮͬϮϬϮϯ͘dŚĞŝƚLJŚĂƐŶŽƚĚĞƚĞƌŵŝŶĞĚƚŚĞĞĨĨĞĐƚŽŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘ 395  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϰϯ '^^ƚĂƚĞŵĞŶƚEŽ͘ϵϳʹ/Ŷ:ƵŶĞϮϬϮϬ͕ƚŚĞ'^ŝƐƐƵĞĚ^ƚĂƚĞŵĞŶƚEŽ͘ϵϳ͕ĞƌƚĂŝŶŽŵƉŽŶĞŶƚhŶŝƚƌŝƚĞƌŝĂ͕ ĂŶĚĐĐŽƵŶƚŝŶŐĂŶĚ&ŝŶĂŶĐŝĂůZĞƉŽƌƚŝŶŐĨŽƌ/ŶƚĞƌŶĂůZĞǀĞŶƵĞŽĚĞ^ĞĐƚŝŽŶϰϱϳĞĨĞƌƌĞĚŽŵƉĞŶƐĂƚŝŽŶWůĂŶƐʹ ŶŵĞŶĚŵĞŶƚŽĨ'^^ƚĂƚĞŵĞŶƚEŽ͘ϭϰĂŶĚEŽ͘ϴϰĂŶĚ^ƵƉĞƌƐĞƐƐŝŽŶŽĨ'^^ƚĂƚĞŵĞŶƚEŽ͘ϯϮ͘dŚĞ ŽďũĞĐƚŝǀĞŽĨƚŚŝƐ^ƚĂƚĞŵĞŶƚŝƐ;ϭͿŝŶĐƌĞĂƐĞĐŽŶƐŝƐƚĞŶĐLJĂŶĚĐŽŵƉĂƌĂďŝůŝƚLJƌĞůĂƚĞĚƚŽƚŚĞƌĞƉŽƌƚŝŶŐŽĨĨŝĚƵĐŝĂƌLJ ĐŽŵƉŽŶĞŶƚƵŶŝƚƐŝŶĐŝƌĐƵŵƐƚĂŶĐĞƐŝŶǁŚŝĐŚĂƉŽƚĞŶƚŝĂůĐŽŵƉŽŶĞŶƚƵŶŝƚĚŽĞƐŶŽƚŚĂǀĞĂŐŽǀĞƌŶŝŶŐďŽĂƌĚĂŶĚƚŚĞ ƉƌŝŵĂƌLJŐŽǀĞƌŶŵĞŶƚƉĞƌĨŽƌŵƐƚŚĞĚƵƚŝĞƐƚŚĂƚĂŐŽǀĞƌŶŝŶŐďŽĂƌĚƚLJƉŝĐĂůůLJǁŽƵůĚƉĞƌĨŽƌŵ͖;ϮͿŵŝƚŝŐĂƚĞĐŽƐƚƐ ĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞƌĞƉŽƌƚŝŶŐŽĨĐĞƌƚĂŝŶĚĞĨŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶƉĞŶƐŝŽŶƉůĂŶƐ͕ĚĞĨŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶŽƚŚĞƌ ƉŽƐƚĞŵƉůŽLJŵĞŶƚďĞŶĞĨŝƚ;KWͿƉůĂŶƐ͕ĂŶĚĞŵƉůŽLJĞĞďĞŶĞĨŝƚƉůĂŶƐŽƚŚĞƌƚŚĂŶƉĞŶƐŝŽŶƉůĂŶƐŽƌKWƉůĂŶƐ ;ŽƚŚĞƌĞŵƉůŽLJĞĞďĞŶĞĨŝƚƉůĂŶƐͿĂƐĨŝĚƵĐŝĂƌLJĐŽŵƉŽŶĞŶƚƵŶŝƚƐŝŶĨŝĚƵĐŝĂƌLJĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͖ĂŶĚ ;ϯͿĞŶŚĂŶĐĞƚŚĞƌĞůĞǀĂŶĐĞ͕ĐŽŶƐŝƐƚĞŶĐLJ͕ĂŶĚĐŽŵƉĂƌĂďŝůŝƚLJŽĨƚŚĞĂĐĐŽƵŶƚŝŶŐĂŶĚĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝŶŐĨŽƌ/ŶƚĞƌŶĂů ZĞǀĞŶƵĞŽĚĞ;/ZͿ^ĞĐƚŝŽŶϰϱϳĚĞĨĞƌƌĞĚĐŽŵƉĞŶƐĂƚŝŽŶƉůĂŶƐ;^ĞĐƚŝŽŶϰϱϳƉůĂŶƐͿƚŚĂƚŵĞĞƚƚŚĞĚĞĨŝŶŝƚŝŽŶŽĨĂ ƉĞŶƐŝŽŶƉůĂŶĂŶĚĨŽƌďĞŶĞĨŝƚƐƉƌŽǀŝĚĞĚƚŚƌŽƵŐŚƚŚŽƐĞƉůĂŶƐ͘dŚĞ^ƚĂƚĞŵĞŶƚŝƐĞĨĨĞĐƚŝǀĞĨŽƌƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƐ ďĞŐŝŶŶŝŶŐĂĨƚĞƌ:ƵŶĞϭϱ͕ϮϬϮϭ͕Žƌ&zϮϬϮϭͬϮϬϮϮ͘dŚĞŝƚLJŚĂƐŶŽƚĚĞƚĞƌŵŝŶĞĚƚŚĞĞĨĨĞĐƚŽŶƚŚĞĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ͘   EŽƚĞϮͲ ĂƐŚĂŶĚ/ŶǀĞƐƚŵĞŶƚƐ  ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ĂƌĞĐůĂƐƐŝĨŝĞĚŝŶƚŚĞĂĐĐŽŵƉĂŶLJŝŶŐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƐĨŽůůŽǁƐ͗  ^ƚĂƚĞŵĞŶƚŽĨEĞƚWŽƐŝƚŝŽŶ ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭϱϵ͕ϵϱϱ͕ϭϮϱΨ ZĞƐƚƌŝĐƚĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭϭ͕ϯϴϭ͕ϵϮϮ ^ƚĂƚĞŵĞŶƚŽĨ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶ ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ Ϯϲ͕ϯϳϯ͕ϴϴϭ ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐǁŝƚŚĨŝƐĐĂůĂŐĞŶƚ ϭ͕ϰϮϭ dŽƚĂůĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭϵϳ͕ϳϭϮ͕ϯϰϵΨ  ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ĐŽŶƐŝƐƚŽĨƚŚĞĨŽůůŽǁŝŶŐ͗  ĂƐŚŽŶŚĂŶĚ ϯ͕ϯϬϬΨ ĞƉŽƐŝƚƐǁŝƚŚĨŝŶĂŶĐŝĂůŝŶƐƚŝƚƵƚŝŽŶƐ ϭϱ͕ϴϬϵ͕ϲϲϯ /ŶǀĞƐƚŵĞŶƚƐ ϭϴϭ͕ϴϵϵ͕ϯϴϲ dŽƚĂůĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭϵϳ͕ϳϭϮ͕ϯϰϵΨ   396  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϰϰ /ŶǀĞƐƚŵĞŶƚƐƵƚŚŽƌŝnjĞĚďLJƚŚĞĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞĂŶĚƚŚĞŝƚLJ͛Ɛ/ŶǀĞƐƚŵĞŶƚWŽůŝĐLJ  dŚĞƚĂďůĞďĞůŽǁŝĚĞŶƚŝĨŝĞƐƚŚĞŝŶǀĞƐƚŵĞŶƚƚLJƉĞƐƚŚĂƚĂƌĞĂƵƚŚŽƌŝnjĞĚďLJƚŚĞĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞĂŶĚƚŚĞ ŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚƉŽůŝĐLJ͘dŚĞƚĂďůĞĂůƐŽŝĚĞŶƚŝĨŝĞƐĐĞƌƚĂŝŶƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞ;ŽƌƚŚĞ ŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚƉŽůŝĐLJ͕ŝĨŵŽƌĞƌĞƐƚƌŝĐƚŝǀĞͿƚŚĂƚĂĚĚƌĞƐƐŝŶƚĞƌĞƐƚƌĂƚĞƌŝƐŬ͕ĐƌĞĚŝƚƌŝƐŬ͕ĂŶĚĐŽŶĐĞŶƚƌĂƚŝŽŶŽĨ ĐƌĞĚŝƚƌŝƐŬ͘  dŚŝƐƚĂďůĞĚŽĞƐŶŽƚĂĚĚƌĞƐƐŝŶǀĞƐƚŵĞŶƚƐŽĨĚĞďƚƉƌŽĐĞĞĚƐŚĞůĚďLJďŽŶĚƚƌƵƐƚĞĞƚŚĂƚĂƌĞŐŽǀĞƌŶĞĚďLJƚŚĞ ƉƌŽǀŝƐŝŽŶƐŽĨĚĞďƚĂŐƌĞĞŵĞŶƚƐŽĨƚŚĞŝƚLJ͕ƌĂƚŚĞƌƚŚĂŶƚŚĞŐĞŶĞƌĂůƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞ ŽƌƚŚĞŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚƉŽůŝĐLJ͘  DĂdžŝŵƵŵ DĂdžŝŵƵŵ DĂdžŝŵƵŵ WĞƌĐĞŶƚĂŐĞ /ŶǀĞƐƚŵĞŶƚ DĂƚƵƌŝƚLJ ůůŽǁĞĚ ŝŶKŶĞ/ƐƐƵĞƌ h͘^͘dƌĞĂƐƵƌLJKďůŝŐĂƚŝŽŶƐ ϱLJĞĂƌƐ EͬEͬ h͘^͘ŐĞŶĐLJ^ĞĐƵƌŝƚŝĞƐ ϱLJĞĂƌƐ EͬϮϬŵŝůůŝŽŶ >ŽĐĂůŐĞŶĐLJŽŶĚƐ ϱLJĞĂƌƐ EͬEͬ ĂůŝĨŽƌŶŝĂ>ŽĐĂůŐĞŶĐLJKďůŝŐĂƚŝŽŶƐ ϱLJĞĂƌƐ EͬEͬ ŽŵŵĞƌĐŝĂůWĂƉĞƌ ϮϳϬĚĂLJƐ Ϯϱй ϭϬйŽĨĂŶLJŽƵƚƐƚĂŶĚŝŶŐŝƐƐƵĞ ĞƌƚŝĨŝĐĂƚĞƐŽĨĞƉŽƐŝƚϱLJĞĂƌƐ ϯϬй ϮϱϬ͕ϬϬϬ EĞŐŽƚŝĂďůĞĞƌƚŝĨŝĐĂƚĞƐŽĨĞƉŽƐŝƚƐ ϱLJĞĂƌƐ ϯϬй ϮϱϬ͕ϬϬϬ ŽƌƉŽƌĂƚĞEŽƚĞƐ ϱLJĞĂƌƐ ϯϬй ϱŵŝůůŝŽŶ /ŶǀĞƐƚŵĞŶƚWŽŽůƐ;ZŝǀĞƌƐŝĚĞŽƵŶƚLJWŽŽůͿ EͬEͬEͬ DŽŶĞLJDĂƌŬĞƚDƵƚƵĂů&ƵŶĚƐ EͬϮϬй ϭϬйŽĨŝƚLJĨƵŶĚƐ >ŽĐĂůŐĞŶĐLJ/ŶǀĞƐƚŵĞŶƚ&ƵŶĚ;>/&Ϳ EͬEͬ>/&>ŝŵŝƚ /ŶǀĞƐƚŵĞŶƚŐƌĞĞŵĞŶƚƐ ϵϮĚĂLJƐ ϮϬй Eͬ /ŶǀĞƐƚŵĞŶƚdLJƉĞƐ  /ŶǀĞƐƚŵĞŶƚƐƵƚŚŽƌŝnjĞĚďLJƚŚĞŝƚLJ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚ  /ŶǀĞƐƚŵĞŶƚƐŽĨƚŚĞdƌƵƐƚĂƌĞŐŽǀĞƌŶĞĚďLJƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚŐƌĞĞŵĞŶƚ͕ ƌĂƚŚĞƌƚŚĂŶƚŚĞŐĞŶĞƌĂůƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞŽƌƚŚĞŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚƉŽůŝĐLJ͘ /ŶǀĞƐƚŵĞŶƚƐĂƵƚŚŽƌŝnjĞĚĨŽƌĨƵŶĚƐŚĞůĚŝŶƚŚĞ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚŝŶĐůƵĚĞƋƵŝƚLJĂŶĚ&ŝdžĞĚ/ŶĐŽŵĞDƵƚƵĂů&ƵŶĚƐ͘ dŚĞƐƚƌĂƚĞŐŝĐƌĂŶŐĞĂůůŽǁĞĚĨŽƌƋƵŝƚLJĂŶĚ&ŝdžĞĚ/ŶĐŽŵĞDƵƚƵĂů&ƵŶĚƐŝƐϮϬйͲϰϬйĂŶĚϱϬϬйͲϴϬй͕ƌĞƐƉĞĐƚŝǀĞůLJ͘ dŚĞƌĞĂƌĞŶŽůŝŵŝƚĂƚŝŽŶƐŽŶƚŚĞŵĂdžŝŵƵŵĂŵŽƵŶƚƚŚĂƚĐĂŶďĞŝŶǀĞƐƚĞĚŝŶŽŶĞŝƐƐƵĞƌŽƌƚŚĞŵĂdžŝŵƵŵŵĂƚƵƌŝƚLJ ŽĨĂŶŝŶǀĞƐƚŵĞŶƚƐ͘  ŝƐĐůŽƐƵƌĞƐZĞůĂƚŝŶŐƚŽ/ŶƚĞƌĞƐƚZĂƚĞZŝƐŬ  /ŶƚĞƌĞƐƚƌĂƚĞƌŝƐŬŝƐƚŚĞƌŝƐŬƚŚĂƚĐŚĂŶŐĞƐŝŶŵĂƌŬĞƚŝŶƚĞƌĞƐƚƌĂƚĞƐǁŝůůĂĚǀĞƌƐĞůLJĂĨĨĞĐƚƚŚĞĨĂŝƌǀĂůƵĞŽĨĂŶ ŝŶǀĞƐƚŵĞŶƚ͘'ĞŶĞƌĂůůLJ͕ƚŚĞůŽŶŐĞƌƚŚĞŵĂƚƵƌŝƚLJŽĨĂŶŝŶǀĞƐƚŵĞŶƚ͕ƚŚĞŐƌĞĂƚĞƌƚŚĞƐĞŶƐŝƚŝǀŝƚLJŽĨŝƚƐĨĂŝƌǀĂůƵĞƚŽ ĐŚĂŶŐĞƐŝŶŵĂƌŬĞƚŝŶƚĞƌĞƐƚƌĂƚĞƐ͘  397 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϰϱ KŶĞŽĨƚŚĞǁĂLJƐƚŚĂƚƚŚĞŝƚLJŵĂŶĂŐĞƐŝƚƐĞdžƉŽƐƵƌĞƚŽŝŶƚĞƌĞƐƚƌĂƚĞƌŝƐŬŝƐďLJƉƵƌĐŚĂƐŝŶŐĂĐŽŵďŝŶĂƚŝŽŶŽĨƐŚŽƌƚ ƚĞƌŵĂŶĚůŽŶŐƚĞƌŵŝŶǀĞƐƚŵĞŶƚƐĂŶĚďLJƚŝŵŝŶŐĐĂƐŚĨůŽǁƐĨƌŽŵŵĂƚƵƌŝƚŝĞƐƐŽƚŚĂƚĂƉŽƌƚŝŽŶŽĨƚŚĞƉŽƌƚĨŽůŝŽŝƐ ŵĂƚƵƌŝŶŐŽƌĐŽŵŝŶŐĐůŽƐĞƚŽŵĂƚƵƌŝƚLJĞǀĞŶůLJŽǀĞƌƚŝŵĞĂƐŶĞĐĞƐƐĂƌLJƚŽƉƌŽǀŝĚĞƚŚĞĐĂƐŚĨůŽǁĂŶĚůŝƋƵŝĚŝƚLJ ŶĞĞĚĞĚĨŽƌŽƉĞƌĂƚŝŽŶƐ͘ /ŶĨŽƌŵĂƚŝŽŶĂďŽƵƚƚŚĞƐĞŶƐŝƚŝǀŝƚLJŽĨƚŚĞĨĂŝƌǀĂůƵĞƐŽĨƚŚĞŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚƐ;ŝŶĐůƵĚŝŶŐŝŶǀĞƐƚŵĞŶƚƐŚĞůĚďLJďŽŶĚ ƚƌƵƐƚĞĞͿƚŽŵĂƌŬĞƚŝŶƚĞƌĞƐƚƌĂƚĞĨůƵĐƚƵĂƚŝŽŶƐŝƐƉƌŽǀŝĚĞĚďLJƚŚĞĨŽůůŽǁŝŶŐƚĂďůĞƚŚĂƚƐŚŽǁƐƚŚĞĚŝƐƚƌŝďƵƚŝŽŶŽĨƚŚĞ ŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚƐďLJŵĂƚƵƌŝƚLJ͗ ϭLJĞĂƌ dŽƚĂů Kƌ>ĞƐƐ ϭƚŽϯLJĞĂƌƐ ϯƚŽϱLJĞĂƌƐ ĞƌƚŝĨŝĐĂƚĞƐŽĨĞƉŽƐŝƚ ϯϮ͕ϳϰϲ͕ϰϱϬΨ ϲ͕ϲϳϭ͕ϭϴϰΨ  ϭϲ͕ϭϴϲ͕ϲϬϯΨ ϵ͕ϴϴϴ͕ϲϲϯΨ &ĞĚĞƌĂůĂŐĞŶĐLJƐĞĐƵƌŝƚŝĞƐ &ĞĚĞƌĂů&ĂƌŵƌĞĚŝƚĂŶŬ ϴ͕ϰϯϱ͕ϵϮϬ ϭ͕ϬϬϮ͕ϳϱϬ ϰ͕ϯϲϭ͕ϱϲϱ ϯ͕Ϭϳϭ͕ϲϬϱ &ĞĚĞƌĂůEĂƚŝŽŶĂůDŽƌƚŐĂŐĞƐƐŽĐŝĂƚŝŽŶ ϱ͕ϱϬϭ͕ϱϳϬ Ͳ ϭ͕Ϭϭϰ͕ϯϴϬ ϰ͕ϰϴϳ͕ϭϵϬ &ĞĚĞƌĂů,ŽŵĞ>ŽĂŶDŽƌƚŐĂŐĞŽƌƉ ϯ͕ϵϱϮ͕ϵϯϰͲͲ ϯ͕ϵϱϮ͕ϵϯϰ &ĞĚĞƌĂů,ŽŵĞ>ŽĂŶĂŶŬ ϰ͕Ϯϵϯ͕ϮϮϱͲ ϱϮϴ͕ϭϴϬϯ͕ϳϲϱ͕Ϭϰϱ h͘^͘dƌĞĂƐƵƌLJEŽƚĞƐ ϭϬ͕ϬϬϬ͕ϴϵϱϮ͕ϱϭϱ͕ϭϰϱϭ͕ϬϮϮ͕ϴϱϬϲ͕ϰϲϮ͕ϵϬϬ ŽƌƉŽƌĂƚĞEŽƚĞƐ Ϯ͕ϵϰϬ͕ϵϴϰϭ͕ϬϬϲ͕ϰϮϱϭ͕ϰϰϭ͕Ϭϱϰϰϵϯ͕ϱϬϱ >ŽĐĂůŐĞŶĐLJ/ŶǀĞƐƚŵĞŶƚ&ƵŶĚ ϳϳ͕ϱϭϳ͕Ϭϲϲϳϳ͕ϱϭϳ͕ϬϲϲͲͲ DW ϭϯ͕ϴϱϰ͕ϰϰϭϭϯ͕ϴϱϰ͕ϰϰϭͲͲ ZŝǀĞƌƐŝĚĞŽƵŶƚLJWŽŽů ϭϭ͕ϰϮϯ͕ϵϯϭϭϭ͕ϰϮϯ͕ϵϯϭͲͲ ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚ ƋƵŝƚLJDƵƚƵĂů&ƵŶĚƐ ϯ͕ϲϳϳ͕ϭϮϵϯ͕ϲϳϳ͕ϭϮϵͲͲ &ŝdžĞĚ/ŶĐŽŵĞDƵƚƵĂů&ƵŶĚƐ ϳ͕ϱϱϯ͕ϰϮϬϳ͕ϱϱϯ͕ϰϮϬͲͲ ,ĞůĚďLJ&ŝƐĐĂůŐĞŶƚ DŽŶĞLJDĂƌŬĞƚDƵƚƵĂů&ƵŶĚƐ ϭ͕ϰϮϭϭ͕ϰϮϭͲͲ dŽƚĂů ϭϴϭ͕ϴϵϵ͕ϯϴϲΨϭϮϱ͕ϮϮϮ͕ϵϭϮΨϮϰ͕ϱϱϰ͕ϲϯϮΨϯϮ͕ϭϮϭ͕ϴϰϮΨ ZĞŵĂŝŶŝŶŐDĂƚƵƌŝƚLJ;ŝŶzĞĂƌƐͿ /ŶǀĞƐƚŵĞŶƚdLJƉĞ 398  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϰϲ ŝƐĐůŽƐƵƌĞƐZĞůĂƚŝŶŐƚŽƌĞĚŝƚZŝƐŬ  'ĞŶĞƌĂůůLJ͕ĐƌĞĚŝƚƌŝƐŬŝƐƚŚĞƌŝƐŬƚŚĂƚĂŶŝƐƐƵĞƌŽĨĂŶŝŶǀĞƐƚŵĞŶƚǁŝůůŶŽƚĨƵůĨŝůůŝƚƐŽďůŝŐĂƚŝŽŶƚŽƚŚĞŚŽůĚĞƌŽĨƚŚĞ ŝŶǀĞƐƚŵĞŶƚ͘dŚŝƐŝƐŵĞĂƐƵƌĞĚďLJƚŚĞĂƐƐŝŐŶŵĞŶƚŽĨĂƌĂƚŝŶŐďLJĂŶĂƚŝŽŶĂůůLJƌĞĐŽŐŶŝnjĞĚƐƚĂƚŝƐƚŝĐĂůƌĂƚŝŶŐ ŽƌŐĂŶŝnjĂƚŝŽŶ͘dŚĞŝƚLJΖƐŝŶǀĞƐƚŵĞŶƚƉŽůŝĐLJůŝŵŝƚƐŝŶǀĞƐƚŵĞŶƚƐŝŶĐŽŵŵĞƌĐŝĂůƉĂƉĞƌĂŶĚŵŽŶĞLJŵĂƌŬĞƚŵƵƚƵĂů ĨƵŶĚƐƚŽƚŚŽƐĞƌĂƚĞĚƚŚĞŚŝŐŚĞƐƚƌĂƚŝŶŐĂƐƌĂƚĞĚďLJDŽŽĚLJ͛ƐŽƌ^ƚĂŶĚĂƌĚĂŶĚWŽŽƌ͛Ɛ;^ΘWͿ͘WƌĞƐĞŶƚĞĚďĞůŽǁĂƌĞ ƚŚĞ^ΘWƌĂƚŝŶŐƐĂƐŽĨLJĞĂƌͲĞŶĚ͗  dŽƚĂů н Ͳ &ĞĚĞƌĂůŐĞŶĐLJ^ĞĐƵƌŝƚŝĞƐ ϮϮ͕ϭϴϯ͕ϲϰϵΨͲΨ ϮϮ͕ϭϴϯ͕ϲϰϵΨͲΨͲΨ ŽƌƉŽƌĂƚĞEŽƚĞƐ Ϯ͕ϵϰϬ͕ϵϴϰϵϬϲ͕ϰϰϵϱϬϬ͕ϬϰϬϱϭϰ͕ϱϰϬϭ͕Ϭϭϵ͕ϵϱϱ DW ϭϯ͕ϴϱϰ͕ϰϰϭϭϯ͕ϴϱϰ͕ϰϰϭͲͲͲ dŽƚĂů ϯϴ͕ϵϳϵ͕Ϭϳϰϭϰ͕ϳϲϬ͕ϴϵϬΨϮϮ͕ϲϴϯ͕ϲϴϵΨϱϭϰ͕ϱϰϬΨϭ͕Ϭϭϵ͕ϵϱϱΨ džĞŵƉƚĨƌŽŵƌĞĚŝƚZŝƐŬĚŝƐĐůŽƐƵƌĞ͗ h͘^͘dƌĞĂƐƵƌLJEŽƚĞƐ ϭϬ͕ϬϬϬ͕ϴϵϱ EŽƚƌĂƚĞĚ͗ ĞƌƚŝĨŝĐĂƚĞƐŽĨĞƉŽƐŝƚ ϯϮ͕ϳϰϲ͕ϰϱϬ >ŽĐĂůŐĞŶĐLJ/ŶǀĞƐƚŵĞŶƚWŽŽů ϳϳ͕ϱϭϳ͕Ϭϲϲ ZŝǀĞƌƐŝĚĞŽƵŶƚLJWŽŽů ϭϭ͕ϰϮϯ͕ϵϯϭ ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚ͗ ƋƵŝƚLJDƵƚƵĂů&ƵŶĚƐ ϯ͕ϲϳϳ͕ϭϮϵ &ŝdžĞĚ/ŶĐŽŵĞDƵƚƵĂů&ƵŶĚƐ ϳ͕ϱϱϯ͕ϰϮϬ ,ĞůĚďLJ&ŝƐĐĂůŐĞŶƚ͗ DŽŶĞLJDĂƌŬĞƚDƵƚƵĂů&ƵŶĚƐ ϭ͕ϰϮϭ dŽƚĂůŝŶǀĞƐƚŵĞŶƚƐ ϭϴϭ͕ϴϵϵ͕ϯϴϲΨ /ŶǀĞƐƚŵĞŶƚdLJƉĞ  ŽŶĐĞŶƚƌĂƚŝŽŶŽĨƌĞĚŝƚZŝƐŬ  /ŶǀĞƐƚŵĞŶƚƐŝŶĂŶLJŽŶĞŝƐƐƵĞƌƚŚĂƚƌĞƉƌĞƐĞŶƚϱƉĞƌĐĞŶƚŽƌŵŽƌĞŽĨƚŽƚĂůŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚƐĂƌĞĂƐĨŽůůŽǁƐ͗  ZĞƉŽƌƚĞĚ WĞƌĐĞŶƚŽĨ /ŶǀĞƐƚŵĞŶƚdLJƉĞ ŵŽƵŶƚ WŽƌƚĨŽůŝŽ &ĞĚĞƌĂů&ĂƌŵƌĞĚŝƚĂŶŬ &ĞĚĞƌĂůŐĞŶĐLJ^ĞĐƵƌŝƚŝĞƐ ϴ͕ϰϯϱ͕ϵϮϬΨ ϱй /ƐƐƵĞƌ  ƵƐƚŽĚŝĂůƌĞĚŝƚZŝƐŬ  ƵƐƚŽĚŝĂůĐƌĞĚŝƚƌŝƐŬĨŽƌĚĞƉŽƐŝƚƐŝƐƚŚĞƌŝƐŬƚŚĂƚ͕ŝŶƚŚĞĞǀĞŶƚŽĨƚŚĞĨĂŝůƵƌĞŽĨĂĚĞƉŽƐŝƚŽƌLJĨŝŶĂŶĐŝĂůŝŶƐƚŝƚƵƚŝŽŶ͕Ă ŐŽǀĞƌŶŵĞŶƚǁŝůůŶŽƚďĞĂďůĞƚŽƌĞĐŽǀĞƌŝƚƐĚĞƉŽƐŝƚƐŽƌǁŝůůŶŽƚďĞĂďůĞƚŽƌĞĐŽǀĞƌĐŽůůĂƚĞƌĂůƐĞĐƵƌŝƚŝĞƐƚŚĂƚĂƌĞŝŶ ƚŚĞƉŽƐƐĞƐƐŝŽŶŽĨĂŶŽƵƚƐŝĚĞƉĂƌƚLJ͘dŚĞĐƵƐƚŽĚŝĂůĐƌĞĚŝƚƌŝƐŬĨŽƌŝŶǀĞƐƚŵĞŶƚƐŝƐƚŚĞƌŝƐŬƚŚĂƚ͕ŝŶƚŚĞĞǀĞŶƚŽĨƚŚĞ ĨĂŝůƵƌĞŽĨƚŚĞĐŽƵŶƚĞƌƉĂƌƚLJ;Ğ͘Ő͕͘ďƌŽŬĞƌͲĚĞĂůĞƌͿƚŽĂƚƌĂŶƐĂĐƚŝŽŶ͕ĂŐŽǀĞƌŶŵĞŶƚǁŝůůŶŽƚďĞĂďůĞƚŽƌĞĐŽǀĞƌƚŚĞ ǀĂůƵĞŽĨŝƚƐŝŶǀĞƐƚŵĞŶƚŽƌĐŽůůĂƚĞƌĂůƐĞĐƵƌŝƚŝĞƐƚŚĂƚĂƌĞŝŶƚŚĞƉŽƐƐĞƐƐŝŽŶŽĨĂŶŽƚŚĞƌƉĂƌƚLJ͘dŚĞŝƚLJƵƚŝůŝnjĞƐ ĚĞůŝǀĞƌLJǀĞƌƐƵƐƉĂLJŵĞŶƚĨŽƌŝŶǀĞƐƚŵĞŶƚƉƵƌĐŚĂƐĞƐ͕ǁŚŝĐŚƌĞƋƵŝƌĞƐŝŶǀĞƐƚŵĞŶƚƐƚŽďĞƌĞĐĞŝǀĞĚƉƌŝŽƌƚŽĚĞůŝǀĞƌLJ ŽĨĐĂƐŚƉĂLJŵĞŶƚ͘dŚĞĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞĂŶĚƚŚĞŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚƉŽůŝĐLJĚŽŶŽƚĐŽŶƚĂŝŶůĞŐĂůŽƌƉŽůŝĐLJ ƌĞƋƵŝƌĞŵĞŶƚƐƚŚĂƚǁŽƵůĚůŝŵŝƚƚŚĞĞdžƉŽƐƵƌĞƚŽĐƵƐƚŽĚŝĂůĐƌĞĚŝƚƌŝƐŬĨŽƌĚĞƉŽƐŝƚƐŽƌŝŶǀĞƐƚŵĞŶƚƐ͕ŽƚŚĞƌƚŚĂŶƚŚĞ 399 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϰϳ ĨŽůůŽǁŝŶŐƉƌŽǀŝƐŝŽŶĨŽƌĚĞƉŽƐŝƚƐ͗dŚĞĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞƌĞƋƵŝƌĞƐƚŚĂƚĂĨŝŶĂŶĐŝĂůŝŶƐƚŝƚƵƚŝŽŶƐĞĐƵƌĞ ĚĞƉŽƐŝƚƐŵĂĚĞďLJƐƚĂƚĞŽƌůŽĐĂůŐŽǀĞƌŶŵĞŶƚĂůƵŶŝƚƐďLJƉůĞĚŐŝŶŐƐĞĐƵƌŝƚŝĞƐŝŶĂŶƵŶĚŝǀŝĚĞĚĐŽůůĂƚĞƌĂůƉŽŽůŚĞůĚďLJ ĂĚĞƉŽƐŝƚŽƌLJƌĞŐƵůĂƚĞĚƵŶĚĞƌƐƚĂƚĞůĂǁ;ƵŶůĞƐƐƐŽǁĂŝǀĞĚďLJƚŚĞŐŽǀĞƌŶŵĞŶƚĂůƵŶŝƚͿ͘dŚĞŵĂƌŬĞƚǀĂůƵĞŽĨƚŚĞ ƉůĞĚŐĞĚƐĞĐƵƌŝƚŝĞƐŝŶƚŚĞĐŽůůĂƚĞƌĂůƉŽŽůŵƵƐƚĞƋƵĂůĂƚůĞĂƐƚϭϭϬƉĞƌĐĞŶƚŽĨƚŚĞƚŽƚĂůĂŵŽƵŶƚĚĞƉŽƐŝƚĞĚďLJƚŚĞ ƉƵďůŝĐĂŐĞŶĐŝĞƐ͘ĂůŝĨŽƌŶŝĂůĂǁĂůƐŽĂůůŽǁƐĨŝŶĂŶĐŝĂůŝŶƐƚŝƚƵƚŝŽŶƐƚŽƐĞĐƵƌĞŝƚLJĚĞƉŽƐŝƚƐďLJƉůĞĚŐŝŶŐĨŝƌƐƚƚƌƵƐƚ ĚĞĞĚŵŽƌƚŐĂŐĞŶŽƚĞƐŚĂǀŝŶŐĂǀĂůƵĞŽĨϭϱϬƉĞƌĐĞŶƚŽĨƚŚĞƐĞĐƵƌĞĚƉƵďůŝĐĚĞƉŽƐŝƚƐ͕ŽƌďLJůĞƚƚĞƌƐŽĨĐƌĞĚŝƚŝƐƐƵĞĚ ďLJƚŚĞ&ĞĚĞƌĂů,ŽŵĞ>ŽĂŶĂŶŬŽĨ^ĂŶ&ƌĂŶĐŝƐĐŽŚĂǀŝŶŐĂǀĂůƵĞŽĨϭϬϱƉĞƌĐĞŶƚŽĨƚŚĞƐĞĐƵƌĞĚƉƵďůŝĐĚĞƉŽƐŝƚƐ͘ ƐĂƉƵďůŝĐĨƵŶĚƐĚĞƉŽƐŝƚŽƌLJtĞůůƐ&ĂƌŐŽĂŶĚĂŶŬŽĨƚŚĞtĞƐƚŵĂŝŶƚĂŝŶƐĂƉƵďůŝĐĨƵŶĚƐĚĞƉŽƐŝƚĐŽůůĂƚĞƌĂůŝnjĂƚŝŽŶ ƉƌŽŐƌĂŵƚŚĂƚŝƐĚĞƐŝŐŶĞĚƚŽĐŽŵƉůLJǁŝƚŚĂůůĂƉƉůŝĐĂďůĞƐƚĂƚƵƚĞƐĂŶĚƌĞŐƵůĂƚŝŽŶƐŐŽǀĞƌŶŝŶŐƉƵďůŝĐĨƵŶĚƐĚĞƉŽƐŝƚƐ͕ ŝŶĐůƵĚŝŶŐƉůĞĚŐĞĂŶĚƉĞƌĨĞĐƚŝŽŶŽĨĐŽůůĂƚĞƌĂů͘ĐĐŽƵŶƚƐŚŽůĚŝŶŐƉƵďůŝĐĨƵŶĚƐĂƌĞůĂďĞůĞĚĂƐƐƵĐŚĂŶĚƚƌŝŐŐĞƌ ĐŽůůĂƚĞƌĂůŝnjĂƚŝŽŶ͘ŽůůĂƚĞƌĂůŶĞĞĚƐĂƌĞŵĞƚďĂƐĞĚŽŶƚŚĞƉƌŝŽƌĚĂLJĐůŽƐĞŽĨďƵƐŝŶĞƐƐ͘,ŽǁĞǀĞƌ͕ƐĂŵĞͲĚĂLJ ĐŽůůĂƚĞƌĂůƌĞƋƵĞƐƚƐŵĂLJďĞĂĐĐŽŵŵŽĚĂƚĞĚƵƉŽŶƌĞƋƵĞƐƚ͘ /ŶǀĞƐƚŵĞŶƚŝŶZŝǀĞƌƐŝĚĞŽƵŶƚLJWŽŽů dŚĞŝƚLJŝƐĂǀŽůƵŶƚĂƌLJƉĂƌƚŝĐŝƉĂŶƚŝŶƚŚĞZŝǀĞƌƐŝĚĞŽƵŶƚLJWŽŽůĞĚ/ŶǀĞƐƚŵĞŶƚ&ƵŶĚƚŚĂƚŝƐƌĞŐƵůĂƚĞĚďLJĂůŝĨŽƌŶŝĂ 'ŽǀĞƌŶŵĞŶƚŽĚĞ^ĞĐƚŝŽŶϱϯϲϰϲĂŶĚŵĂŶĂŐĞĚďLJƚŚĞZŝǀĞƌƐŝĚĞŽƵŶƚLJdƌĞĂƐƵƌĞƌ͘dŚĞŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚŝŶƚŚŝƐ ƉŽŽůŝƐƌĞƉŽƌƚĞĚŝŶƚŚĞĂĐĐŽŵƉĂŶLJŝŶŐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŽĨŶĞƚƉŽƐŝƚŝŽŶĂŶĚƉƌĞƉĂƌĞĚƵƐŝŶŐƚŚĞĂĐĐƌƵĂůďĂƐŝƐ ŽĨĂĐĐŽƵŶƚŝŶŐ͘/ŶǀĞƐƚŵĞŶƚƐĂƌĞƌĞƉŽƌƚĞĚĂƚĨĂŝƌǀĂůƵĞ͘dŚĞďĂůĂŶĐĞĂǀĂŝůĂďůĞĨŽƌǁŝƚŚĚƌĂǁĂůŝƐďĂƐĞĚŽŶƚŚĞ ĂĐĐŽƵŶƚŝŶŐƌĞĐŽƌĚƐŵĂŝŶƚĂŝŶĞĚďLJƚŚĞŽƵŶƚLJ͘dŚĞZŝǀĞƌƐŝĚĞŽƵŶƚLJWŽŽůĞĚ/ŶǀĞƐƚŵĞŶƚ&ƵŶĚŝƐŶŽƚƌĞŐŝƐƚĞƌĞĚ ǁŝƚŚƚŚĞ^ĞĐƵƌŝƚŝĞƐĂŶĚdžĐŚĂŶŐĞŽŵŵŝƐƐŝŽŶĂŶĚŝƐŶŽƚƌĂƚĞĚ͘ /ŶǀĞƐƚŵĞŶƚŝŶ^ƚĂƚĞ/ŶǀĞƐƚŵĞŶƚWŽŽů dŚĞŝƚLJŝƐĂǀŽůƵŶƚĂƌLJƉĂƌƚŝĐŝƉĂŶƚŝŶƚŚĞ>ŽĐĂůŐĞŶĐLJ/ŶǀĞƐƚŵĞŶƚ&ƵŶĚ;>/&ͿƚŚĂƚŝƐƌĞŐƵůĂƚĞĚďLJƚŚĞĂůŝĨŽƌŶŝĂ 'ŽǀĞƌŶŵĞŶƚŽĚĞƵŶĚĞƌƚŚĞŽǀĞƌƐŝŐŚƚŽĨƚŚĞdƌĞĂƐƵƌĞƌŽĨƚŚĞ^ƚĂƚĞŽĨĂůŝĨŽƌŶŝĂ͘dŚĞĨĂŝƌǀĂůƵĞŽĨƚŚĞŝƚLJ͛Ɛ ŝŶǀĞƐƚŵĞŶƚŝŶƚŚŝƐƉŽŽůŝƐƌĞƉŽƌƚĞĚŝŶƚŚĞĂĐĐŽŵƉĂŶLJŝŶŐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƚĂŵŽƵŶƚƐďĂƐĞĚƵƉŽŶƚŚĞŝƚLJ͛Ɛ ƉƌŽͲƌĂƚĂƐŚĂƌĞŽĨƚŚĞĨĂŝƌǀĂůƵĞƉƌŽǀŝĚĞĚďLJ>/&ĨŽƌƚŚĞĞŶƚŝƌĞ>/&ƉŽƌƚĨŽůŝŽ;ŝŶƌĞůĂƚŝŽŶƐƚŽƚŚĞĂŵŽƌƚŝnjĞĚĐŽƐƚ ŽĨƚŚĂƚƉŽƌƚĨŽůŝŽͿ͘dŚĞďĂůĂŶĐĞĂǀĂŝůĂďůĞĨŽƌǁŝƚŚĚƌĂǁĂůŝƐďĂƐĞĚŽŶƚŚĞĂĐĐŽƵŶƚŝŶŐƌĞĐŽƌĚƐŵĂŝŶƚĂŝŶĞĚďLJ>/&͕ ǁŚŝĐŚĂƌĞƌĞĐŽƌĚĞĚŽŶĂŶĂŵŽƌƚŝnjĞĚĐŽƐƚďĂƐŝƐ͘ĞƉŽƐŝƚƐĂŶĚǁŝƚŚĚƌĂǁĂůƐĂƌĞŵĂĚĞŽŶƚŚĞďĂƐŝƐŽĨΨϭĂŶĚŶŽƚ ĨĂŝƌǀĂůƵĞ͘ĐĐŽƌĚŝŶŐůLJ͕ƚŚĞŝƚLJ͛ƐŵĞĂƐƵƌĞŵĞŶƚŽĨĨĂŝƌǀĂůƵĞŽĨŝƚƐŝŶǀĞƐƚŵĞŶƚǁŝƚŚ>/&ŝƐďĂƐĞĚŽŶ ƵŶĐĂƚĞŐŽƌŝnjĞĚŝŶƉƵƚƐ͕ŶŽƚĚĞĨŝŶĞĚĂƐĂůĞǀĞůϭ͕ůĞǀĞůϮ͕ŽƌůĞǀĞůϯŝŶƉƵƚ͘>/&ŝƐŶŽƚƌĞŐŝƐƚĞƌĞĚǁŝƚŚƚŚĞ^ĞĐƵƌŝƚŝĞƐ ĂŶĚdžĐŚĂŶŐĞŽŵŵŝƐƐŝŽŶĂŶĚŝƐŶŽƚƌĂƚĞĚ͘ /ŶǀĞƐƚŵĞŶƚŝŶĂůŝĨŽƌŶŝĂƐƐĞƚDĂŶĂŐĞŵĞŶƚWƌŽŐƌĂŵ dŚĞŝƚLJŝƐĂǀŽůƵŶƚĂƌLJƉĂƌƚŝĐŝƉĂŶƚŝŶƚŚĞĂůŝĨŽƌŶŝĂƐƐĞƚDĂŶĂŐĞŵĞŶƚWƌŽŐƌĂŵ;DWͿƚŚĂƚŝƐƌĞŐƵůĂƚĞĚďLJƚŚĞ ĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞ^ĞĐƚŝŽŶϱϯϲϬϭ;ƉͿĂŶĚŵĂŶĂŐĞĚďLJĂŽĂƌĚŽĨdƌƵƐƚĞĞƐĐŽŵƉƌŝƐĞĚŽĨĨŝŶĂŶĐĞ ĚŝƌĞĐƚŽƌƐĂŶĚƚƌĞĂƐƵƌĞƌƐŽĨĂůŝĨŽƌŶŝĂƉƵďůŝĐĂŐĞŶĐŝĞƐƚŚĂƚĂƌĞŵĞŵďĞƌƐŽĨƚŚĞ:ŽŝŶƚWŽǁĞƌƐƵƚŚŽƌŝƚLJ͘dŚĞŝƚLJ͛Ɛ ŝŶǀĞƐƚŵĞŶƚŝŶƚŚŝƐƉŽŽůŝƐƌĞƉŽƌƚĞĚŝŶƚŚĞĂĐĐŽŵƉĂŶLJŝŶŐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐŽĨŶĞƚƉŽƐŝƚŝŽŶĂŶĚƉƌĞƉĂƌĞĚƵƐŝŶŐ ƚŚĞĂĐĐƌƵĂůďĂƐŝƐŽĨĂĐĐŽƵŶƚŝŶŐ͘/ŶǀĞƐƚŵĞŶƚƐĂƌĞƌĞƉŽƌƚĞĚĂƚĨĂŝƌǀĂůƵĞ͘dŚĞďĂůĂŶĐĞĂǀĂŝůĂďůĞĨŽƌǁŝƚŚĚƌĂǁĂůŝƐ ďĂƐĞĚŽŶƚŚĞĂĐĐŽƵŶƚŝŶŐƌĞĐŽƌĚƐŵĂŝŶƚĂŝŶĞĚďLJDW͘DWŝƐŶŽƚƌĞŐŝƐƚĞƌĞĚǁŝƚŚƚŚĞ^ĞĐƵƌŝƚŝĞƐĂŶĚdžĐŚĂŶŐĞ ŽŵŵŝƐƐŝŽŶ͘ 400  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϰϴ &ĂŝƌsĂůƵĞDĞĂƐƵƌĞŵĞŶƚƐ  dŚĞŝƚLJĐĂƚĞŐŽƌŝnjĞƐŝƚƐĨĂŝƌǀĂůƵĞŵĞĂƐƵƌĞŵĞŶƚƐǁŝƚŚŝŶƚŚĞĨĂŝƌǀĂůƵĞŚŝĞƌĂƌĐŚLJĞƐƚĂďůŝƐŚĞĚďLJŐĞŶĞƌĂůůLJ ĂĐĐĞƉƚĞĚĂĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐ͘dŚĞŚŝĞƌĂƌĐŚLJŝƐďĂƐĞĚŽŶƚŚĞǀĂůƵĂƚŝŽŶŝŶƉƵƚƐƵƐĞĚƚŽŵĞĂƐƵƌĞƚŚĞĨĂŝƌǀĂůƵĞŽĨ ƚŚĞĂƐƐĞƚ͘>ĞǀĞůϭŝŶƉƵƚƐĂƌĞƋƵŽƚĞĚƉƌŝĐĞƐŝŶĂĐƚŝǀĞŵĂƌŬĞƚƐĨŽƌŝĚĞŶƚŝĐĂůĂƐƐĞƚƐ͖>ĞǀĞůϮŝŶƉƵƚƐĂƌĞƐŝŐŶŝĨŝĐĂŶƚ ŽƚŚĞƌŽďƐĞƌǀĂďůĞŝŶƉƵƚƐ͖>ĞǀĞůϯŝŶƉƵƚƐĂƌĞƐŝŐŶŝĨŝĐĂŶƚƵŶŽďƐĞƌǀĂďůĞŝŶƉƵƚƐ͘/ŶǀĞƐƚŵĞŶƚƐĐĂƚĞŐŽƌŝnjĞĚĂƐ>ĞǀĞůϮ ĂƌĞǀĂůƵĞĚƵƐŝŶŐƚŚĞŵĂƌŬĞƚĂƉƉƌŽĂĐŚĂŶĚƋƵŽƚĞĚŵĂƌŬĞƚƉƌŝĐĞƐ͘  dŚĞŝƚLJŚĂƐƚŚĞĨŽůůŽǁŝŶŐƌĞĐƵƌƌŝŶŐĨĂŝƌǀĂůƵĞŵĞĂƐƵƌĞŵĞŶƚƐĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͗  dŽƚĂů >ĞǀĞůϭ >ĞǀĞůϮ /ŶǀĞƐƚŵĞŶƚƐ h͘^͘dƌĞĂƐƵƌLJEŽƚĞƐ ϭϬ͕ϬϬϬ͕ϴϵϱΨϭϬ͕ϬϬϬ͕ϴϵϱΨͲΨ &ĞĚĞƌĂůŐĞŶĐLJ^ĞĐƵƌŝƚŝĞƐ ϮϮ͕ϭϴϯ͕ϲϰϵ Ͳ ϮϮ͕ϭϴϯ͕ϲϰϵ ŽƌƉŽƌĂƚĞEŽƚĞƐ Ϯ͕ϵϰϬ͕ϵϴϰ Ͳ Ϯ͕ϵϰϬ͕ϵϴϰ ĞƌƚŝĨŝĐĂƚĞƐŽĨĞƉŽƐŝƚ ϯϮ͕ϳϰϲ͕ϰϱϬ Ͳ ϯϮ͕ϳϰϲ͕ϰϱϬ ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚ ƋƵŝƚLJDƵƚƵĂů&ƵŶĚƐ ϯ͕ϲϳϳ͕ϭϮϵ ϯ͕ϲϳϳ͕ϭϮϵ Ͳ &ŝdžĞĚ/ŶĐŽŵĞDƵƚƵĂů&ƵŶĚƐ ϳ͕ϱϱϯ͕ϰϮϬ ϳ͕ϱϱϯ͕ϰϮϬ Ͳ dŽƚĂůůĞǀĞůĞĚŝŶǀĞƐƚŵĞŶƚƐ ϳϵ͕ϭϬϮ͕ϱϮϳ ϭϯ͕ϲϳϴ͕ϬϮϰΨ ϱϳ͕ϴϳϭ͕ϬϴϯΨ /ŶǀĞƐƚŵĞŶƚƐǁŝƚŚƵŶĐĂƚĞŐŽƌŝnjĞĚŝŶƉƵƚƐ >ŽĐĂůŐĞŶĐLJ/ŶǀĞƐƚŵĞŶƚ&ƵŶĚ ϳϳ͕ϱϭϳ͕Ϭϲϲ DW ϭϯ͕ϴϱϰ͕ϰϰϭ ZŝǀĞƌƐŝĚĞŽƵŶƚLJWŽŽů ϭϭ͕ϰϮϯ͕ϵϯϭ ,ĞůĚďLJ&ŝƐĐĂůŐĞŶƚ DŽŶĞLJDĂƌŬĞƚDƵƚƵĂů&ƵŶĚƐ ϭ͕ϰϮϭ dŽƚĂůŝŶǀĞƐƚŵĞŶƚƐϭϴϭ͕ϴϵϵ͕ϯϴϲΨ   EŽƚĞϯͲ EŽƚĞƐZĞĐĞŝǀĂďůĞ  /Ŷ^ĞƉƚĞŵďĞƌϭϵϵϰ͕ƚŚĞĨŽƌŵĞƌƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJƐŽůĚĐĞƌƚĂŝŶƌĞĂůƉƌŽƉĞƌƚLJƚŽ>/E,ŽƵƐŝŶŐĨŽƌ ΨϮ͕ϭϭϮ͕ϴϰϳ͘dŚĞƉƌŽƉĞƌƚLJǁĂƐƵƐĞĚƚŽĐŽŶƐƚƌƵĐƚƐŝŶŐůĞͲĨĂŵŝůLJŚŽŵĞƐĂŶĚƌĞŶƚĂůƵŶŝƚƐƚŽŝŶĐƌĞĂƐĞƚŚĞŝƚLJΖƐ ƐƵƉƉůLJŽĨůŽǁĂŶĚŵŽĚĞƌĂƚĞŝŶĐŽŵĞŚŽƵƐŝŶŐ͘dŚĞŶŽƚĞďĞĂƌƐŝŶƚĞƌĞƐƚĂƚϲƉĞƌĐĞŶƚƉĞƌĂŶŶƵŵĂŶĚŝƐĚƵĞŝŶĨƵůů ŽŶ:ƵŶĞϭϱ͕ϮϬϮϵ͘KŶ&ĞďƌƵĂƌLJϭ͕ϮϬϭϮ͕ƚŚŝƐƌĞĐĞŝǀĂďůĞǁĂƐƚƌĂŶƐĨĞƌƌĞĚƚŽƚŚĞ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ͕ǁŚŝĐŚƚŽŽŬ ŽǀĞƌƚŚĞŚŽƵƐŝŶŐĨƵŶĐƚŝŽŶŽĨƚŚĞĨŽƌŵĞƌƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJƵƉŽŶĚŝƐƐŽůƵƚŝŽŶ͘ƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞ ŽƵƚƐƚĂŶĚŝŶŐƉƌŝŶĐŝƉĂůďĂůĂŶĐĞŝƐΨϮ͕Ϭϯϱ͕ϯϴϴĂŶĚƚŚĞŽƵƚƐƚĂŶĚŝŶŐŝŶƚĞƌĞƐƚŝƐΨϯ͕ϭϯϮ͕ϮϴϮ͘  /Ŷ&ĞďƌƵĂƌLJϮϬϭϭ͕ƚŚĞĨŽƌŵĞƌƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJĞŶƚĞƌĞĚŝŶƚŽŝƐƉŽƐŝƚŝŽŶĂŶĚĞǀĞůŽƉŵĞŶƚŐƌĞĞŵĞŶƚǁŝƚŚ ŽƌĂůDŽƵŶƚĂŝŶWĂƌƚŶĞƌƐ>͘W͘;͞ŽƌĂůDŽƵŶƚĂŝŶ͟ͿƚŽĨƵŶĚƵƉƚŽΨϮϵ͕ϬϬϬ͕ϬϬϬĨŽƌƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨĂůŽǁĂŶĚ ŵŽĚĞƌĂƚĞŝŶĐŽŵĞĂƉĂƌƚŵĞŶƚĐŽŵƉůĞdžǁŝƚŚĂŶĞƐƚŝŵĂƚĞĚĐŽŵƉůĞƚŝŽŶĚĂƚĞŽĨƚŚĞĂƉĂƌƚŵĞŶƚĐŽŵƉůĞdžŽĨDĂƌĐŚ ϮϬϭϰ͘dŚĞĨŽƌŵĞƌƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJ͛ƐΨϮϵ͕ϬϬϬ͕ϬϬϬůŽĂŶŝƐĞǀŝĚĞŶĐĞĚďLJĂWƌŽŵŝƐƐŽƌLJEŽƚĞĞdžĞĐƵƚĞĚďLJ ŽƌĂůDŽƵŶƚĂŝŶ;͞EŽƚĞ͟Ϳ͘/ŶƚĞƌĞƐƚŽŶƚŚĞŽƵƚƐƚĂŶĚŝŶŐŶŽƚĞĂŵŽƵŶƚǁŝůůďĞĂƌƐŝŵƉůĞŝŶƚĞƌĞƐƚŽĨϭƉĞƌĐĞŶƚ͘  401  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϰϵ WƌŝŶĐŝƉĂůĂŶĚŝŶƚĞƌĞƐƚǁŝůůďĞƌĞƉĂŝĚŽŶŽƌďĞĨŽƌĞDĂLJϭƐƚŽĨĞĂĐŚLJĞĂƌĨƌŽŵĂŶŶƵĂůƌĞƐŝĚƵĂůƌĞĐĞŝƉƚƐĂƐĚĞĨŝŶĞĚ ŝŶƚŚĞEŽƚĞŽŶĐĞƚŚĞƉƌŽũĞĐƚŝƐĐŽŵƉůĞƚĞĚĂŶĚŵĂLJďĞƌĞƉĂŝĚĞĂƌůLJŝĨƚŚĞƉƌŽƉĞƌƚLJŝƐƌĞĨŝŶĂŶĐĞĚ͕ŽƌŝĨƚŚĞ ƉƌŽƉĞƌƚLJŝƐƚƌĂŶƐĨĞƌƌĞĚƚŽĂŶŽƚŚĞƌĞŶƚŝƚLJ͘KŶ&ĞďƌƵĂƌLJϭ͕ϮϬϭϮ͕ƚŚŝƐƌĞĐĞŝǀĂďůĞǁĂƐƚƌĂŶƐĨĞƌƌĞĚƚŽƚŚĞ,ŽƵƐŝŶŐ ƵƚŚŽƌŝƚLJǁŚŝĐŚƚŽŽŬŽǀĞƌƚŚĞŚŽƵƐŝŶŐĨƵŶĐƚŝŽŶŽĨƚŚĞĨŽƌŵĞƌƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJƵƉŽŶĚŝƐƐŽůƵƚŝŽŶ͘ƐŽĨ :ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŽƵƚƐƚĂŶĚŝŶŐƉƌŝŶĐŝƉĂůďĂůĂŶĐĞŝƐΨϮϬ͕ϲϮϴ͕ϯϰϯĂŶĚƚŚĞŽƵƚƐƚĂŶĚŝŶŐŝŶƚĞƌĞƐƚďĂůĂŶĐĞŝƐ Ψϭ͕ϱϳϭ͕ϬϮϵ͘  KƚŚĞƌŶŽƚĞƐƌĞĐĞŝǀĂďůĞĂƐŽĨ&ĞďƌƵĂƌLJϭ͕ϮϬϭϮ͕ŝŶĐůƵĚĞĚŝŶƚŚĞ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJǁŚŝĐŚƚŽŽŬŽǀĞƌƚŚĞŚŽƵƐŝŶŐ ĨƵŶĐƚŝŽŶŽĨƚŚĞĨŽƌŵĞƌƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJƵƉŽŶĚŝƐƐŽůƵƚŝŽŶƚŽƚĂůĞĚΨϮϭ͕ϳϳϲĂƚ:ƵŶĞϯϬ͕ϮϬϮϭ͘   EŽƚĞϰͲ ĂƉŝƚĂůƐƐĞƚƐ  ĂƉŝƚĂůĂƐƐĞƚĂĐƚŝǀŝƚLJĨŽƌŐŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ŝƐĂƐĨŽůůŽǁƐ͗  ĂůĂŶĐĞĂƚ ĂůĂŶĐĞĂƚ :ƵůLJϬϭ͕ϮϬϮϬ ĚĚŝƚŝŽŶƐ ĞůĞƚŝŽŶƐ dƌĂŶƐĨĞƌƐ :ƵŶĞϯϬ͕ϮϬϮϭ 'ŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ ĂƉŝƚĂůĂƐƐĞƚƐ͕ŶŽƚďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ >ĂŶĚ ϲϲ͕ϴϭϬ͕ϴϰϭΨͲΨ ϭ͕Ϯϰϵ͕ϮϯϵΨϭ͕ϯϯϵ͕ϴϵϯΨϲϲ͕ϵϬϭ͕ϰϵϱ ZŝŐŚƚŽĨǁĂLJ Ϯϴϱ͕ϴϱϳ͕ϯϱϯͲͲͲ Ϯϴϱ͕ϴϱϳ͕ϯϱϯ ŽŶƐƚƌƵĐƚŝŽŶͲŝŶͲƉƌŽŐƌĞƐƐ Ϯϰ͕ϱϵϲ͕ϯϬϴϭϵ͕ϰϬϲ͕ϬϲϳϮϲϰ͕ϮϬϲ;ϵ͕ϴϮϱ͕ϲϴϲͿϯϯ͕ϵϭϮ͕ϰϴϯ dŽƚĂůĐĂƉŝƚĂůĂƐƐĞƚƐ͕ ŶŽƚďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ ϯϳϳ͕Ϯϲϰ͕ϱϬϮϭϵ͕ϰϬϲ͕Ϭϲϳϭ͕ϱϭϯ͕ϰϰϱ;ϴ͕ϰϴϱ͕ϳϵϯͿϯϴϲ͕ϲϳϭ͕ϯϯϭ ĂƉŝƚĂůĂƐƐĞƚƐ͕ďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ ƵŝůĚŝŶŐƐĂŶĚŝŵƉƌŽǀĞŵĞŶƚƐ ϳϰ͕ϱϬϭ͕ϯϲϴͲͲ Ϯϯϵ͕Ϭϳϰϳϰ͕ϳϰϬ͕ϰϰϮ ƋƵŝƉŵĞŶƚĂŶĚĨƵƌŶŝƚƵƌĞ ϰ͕Ϯϱϭ͕ϲϰϮϯϬϭ͕ϵϬϵϵϯ͕ϴϭϴͲ ϰ͕ϰϱϵ͕ϳϯϯ sĞŚŝĐůĞƐ ϭ͕ϳϬϳ͕ϰϭϰϭϬϱ͕ϲϮϴϲϱ͕ϱϭϮͲ ϭ͕ϳϰϳ͕ϱϯϬ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ ϮϮϳ͕ϴϵϭ͕ϭϱϵͲͲ ϴ͕Ϯϰϲ͕ϳϭϵϮϯϲ͕ϭϯϳ͕ϴϳϴ dŽƚĂůĐĂƉŝƚĂůĂƐƐĞƚƐ͕ ďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ ϯϬϴ͕ϯϱϭ͕ϱϴϯϰϬϳ͕ϱϯϳϭϱϵ͕ϯϯϬϴ͕ϰϴϱ͕ϳϵϯϯϭϳ͕Ϭϴϱ͕ϱϴϯ >ĞƐƐĂĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶĨŽƌ ƵŝůĚŝŶŐƐĂŶĚŝŵƉƌŽǀĞŵĞŶƚƐ ϯϳ͕ϰϬϯ͕ϭϭϮϮ͕ϱϱϱ͕ϳϭϯͲͲ ϯϵ͕ϵϱϴ͕ϴϮϱ ƋƵŝƉŵĞŶƚĂŶĚĨƵƌŶŝƚƵƌĞ Ϯ͕ϲϲϭ͕ϬϱϯϯϱϮ͕ϴϲϲϭϯϰ͕ϯϴϭͲ Ϯ͕ϴϳϵ͕ϱϯϴ sĞŚŝĐůĞƐ ϵϵϭ͕ϳϬϰϭϳϳ͕ϳϯϬϯϵ͕ϱϱϮͲ ϭ͕ϭϮϵ͕ϴϴϮ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ ϭϯϰ͕ϳϴϮ͕ϳϵϰϱ͕ϴϬϮ͕ϲϵϴͲͲ ϭϰϬ͕ϱϴϱ͕ϰϵϮ dŽƚĂůĂĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ϭϳϱ͕ϴϯϴ͕ϲϲϯϴ͕ϴϴϵ͕ϬϬϳϭϳϯ͕ϵϯϯͲ ϭϴϰ͕ϱϱϯ͕ϳϯϳ dŽƚĂůĐĂƉŝƚĂůĂƐƐĞƚƐ͕ ďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ͕ŶĞƚ ϭϯϮ͕ϱϭϮ͕ϵϮϬ;ϴ͕ϰϴϭ͕ϰϳϬͿ;ϭϰ͕ϲϬϯͿϴ͕ϰϴϱ͕ϳϵϯϭϯϮ͕ϱϯϭ͕ϴϰϲ 'ŽǀĞƌŶŵĞŶƚĂůĂĐƚŝǀŝƚŝĞƐ ĐĂƉŝƚĂůĂƐƐĞƚƐ͕ŶĞƚ ϱϬϵ͕ϳϳϳ͕ϰϮϮΨϭϬ͕ϵϮϰ͕ϱϵϳΨϭ͕ϰϵϴ͕ϴϰϮΨͲΨ ϱϭϵ͕ϮϬϯ͕ϭϳϳ   402  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϱϬ ĞƉƌĞĐŝĂƚŝŽŶĞdžƉĞŶƐĞǁĂƐĐŚĂƌŐĞĚƚŽƚŚĞĨŽůůŽǁŝŶŐĨƵŶĐƚŝŽŶƐŝŶƚŚĞ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ͗  'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚƐ ϯϳϬ͕ϰϲϵΨ WůĂŶŶŝŶŐΘĚĞǀĞůŽƉŵĞŶƚ Ϯϰ͕ϲϯϬ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ϭ͕ϰϭϬ͕ϳϯϵ WƵďůŝĐǁŽƌŬƐ ϲ͕ϭϮϭ͕ϵϯϱ /ŶƚĞƌŶĂůƐĞƌǀŝĐĞĨƵŶĚƐ ϵϲϭ͕Ϯϯϰ ϴ͕ϴϴϵ͕ϬϬϳΨ  ĂƉŝƚĂůĂƐƐĞƚĂĐƚŝǀŝƚLJĨŽƌďƵƐŝŶĞƐƐͲƚLJƉĞĂĐƚŝǀŝƚŝĞƐĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ŝƐĂƐĨŽůůŽǁƐ͗  ĂůĂŶĐĞĂƚ ĂůĂŶĐĞĂƚ :ƵůLJϬϭ͕ϮϬϮϬ ĚĚŝƚŝŽŶƐ ĞůĞƚŝŽŶƐ :ƵŶĞϯϬ͕ϮϬϮϭ ƵƐŝŶĞƐƐͲdLJƉĞĂĐƚŝǀŝƚŝĞƐ ĂƉŝƚĂůĂƐƐĞƚƐ͕ŶŽƚďĞŝŶŐ ĚĞƉƌĞĐŝĂƚĞĚ >ĂŶĚ ϯϵ͕ϳϭϮ͕ϵϱϱΨͲΨͲΨ ϯϵ͕ϳϭϮ͕ϵϱϱΨ ĂƉŝƚĂůĂƐƐĞƚƐ͕ďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ ƵŝůĚŝŶŐƐĂŶĚŝŵƉƌŽǀĞŵĞŶƚƐ ϲ͕ϲϯϲ͕ϰϲϱͲͲ ϲ͕ϲϯϲ͕ϰϲϱ ƋƵŝƉŵĞŶƚĂŶĚĨƵƌŶŝƚƵƌĞ ϭ͕ϲϮϭ͕ϳϮϯͲͲ ϭ͕ϲϮϭ͕ϳϮϯ ^ŽĨƚǁĂƌĞ ϮϬ͕ϮϱϱͲͲ ϮϬ͕Ϯϱϱ dŽƚĂůĐĂƉŝƚĂůĂƐƐĞƚƐ͕ ďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ ϴ͕Ϯϳϴ͕ϰϰϯͲͲ ϴ͕Ϯϳϴ͕ϰϰϯ >ĞƐƐĂĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶĨŽƌ ƵŝůĚŝŶŐƐĂŶĚŝŵƉƌŽǀĞŵĞŶƚƐ ϯ͕ϱϬϴ͕ϳϯϮϮϭϰ͕ϱϰϱͲ ϯ͕ϳϮϯ͕Ϯϳϳ ƋƵŝƉŵĞŶƚĂŶĚĨƵƌŶŝƚƵƌĞ ϭ͕ϰϳϬ͕ϱϯϲϱϵ͕ϰϭϲͲ ϭ͕ϱϮϵ͕ϵϱϮ ^ŽĨƚǁĂƌĞ ϮϬ͕ϮϱϱͲͲ ϮϬ͕Ϯϱϱ dŽƚĂůĂĐĐƵŵƵůĂƚĞĚ ĚĞƉƌĞĐŝĂƚŝŽŶ ϰ͕ϵϵϵ͕ϱϮϯϮϳϯ͕ϵϲϭͲ ϱ͕Ϯϳϯ͕ϰϴϰ dŽƚĂůĐĂƉŝƚĂůĂƐƐĞƚƐ͕ ďĞŝŶŐĚĞƉƌĞĐŝĂƚĞĚ͕ŶĞƚ ϯ͕Ϯϳϴ͕ϵϮϬ;Ϯϳϯ͕ϵϲϭͿͲ ϯ͕ϬϬϰ͕ϵϱϵ ƵƐŝŶĞƐƐͲƚLJƉĞĂĐƚŝǀŝƚŝĞƐ ĐĂƉŝƚĂůĂƐƐĞƚƐ͕ŶĞƚ ϰϮ͕ϵϵϭ͕ϴϳϱΨ;Ϯϳϯ͕ϵϲϭͿΨͲΨ ϰϮ͕ϳϭϳ͕ϵϭϰΨ ĞƉƌĞĐŝĂƚŝŽŶĞdžƉĞŶƐĞǁĂƐĐŚĂƌŐĞĚƚŽƚŚĞĨŽůůŽǁŝŶŐĨƵŶĐƚŝŽŶƐŝŶƚŚĞ^ƚĂƚĞŵĞŶƚŽĨĐƚŝǀŝƚŝĞƐ͗  'ŽůĨŽƵƌƐĞ Ϯϳϯ͕ϵϲϭΨ   403 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϱϭ EŽƚĞϱͲ ŚĂŶŐĞƐŝŶ>ŽŶŐͲdĞƌŵ>ŝĂďŝůŝƚŝĞƐʹ'ŽǀĞƌŶŵĞŶƚĂůĐƚŝǀŝƚŝĞƐ ŚĂŶŐĞƐŝŶ>ŽŶŐͲdĞƌŵ>ŝĂďŝůŝƚŝĞƐ dŚĞĨŽůůŽǁŝŶŐŝƐĂƐƵŵŵĂƌLJŽĨĐŚĂŶŐĞƐŝŶŐŽǀĞƌŶŵĞŶƚĂůůŽŶŐͲƚĞƌŵůŝĂďŝůŝƚŝĞƐŽĨƚŚĞŝƚLJĨŽƌƚŚĞĨŝƐĐĂůLJĞĂƌĞŶĚĞĚ :ƵŶĞϯϬ͕ϮϬϮϭ͗ ĂůĂŶĐĞĂƚ ĂůĂŶĐĞ ƵĞǁŝƚŚŝŶ :ƵůLJϬϭ͕ϮϬϮϬ ĚĚŝƚŝŽŶƐ ĞůĞƚŝŽŶƐ :ƵŶĞϯϬ͕ϮϬϮϭ KŶĞLJĞĂƌ 'ŽǀĞƌŶŵĞŶƚĂůĐƚŝǀŝƚŝĞƐ ŽŵƉĞŶƐĂƚĞĚĂďƐĞŶĐĞƐƉĂLJĂďůĞ ϴϴϴ͕ϰϵϭΨ ϵϱϬ͕ϯϬϵΨ ϴϴϴ͕ϰϵϭΨ ϵϱϬ͕ϯϬϵΨ ϮϱϮ͕ϯϮϮΨ ŽƉŝĞƌůĞĂƐĞƉĂLJĂďůĞ ϲϱ͕ϵϯϴ Ͳ Ϯϰ͕ϳϭϯϰϭ͕ϮϮϱϭϵ͕ϭϰϱ &ůĞĞƚǀĞŚŝĐůĞůĞĂƐĞ ϱϯϯ͕ϭϳϰͲ ϮϭϬ͕ϯϴϭϯϮϮ͕ϳϵϯϭϴϮ͕Ϯϱϰ WƵďůŝĐǁŽƌŬƐďƵŝůĚŝŶŐůĞĂƐĞ ϰϱ͕ϬϳϯͲ ϯϯ͕ϴϭϵϭϭ͕Ϯϱϰϭϭ͕Ϯϱϰ /ŶƚĞůĞƐLJƐŽŶĞƉŚŽŶĞƐLJƐƚĞŵ ϭϭϳ͕ϲϬϱͲ ϯϯ͕ϲϬϮϴϰ͕ϬϬϯϯϯ͕ϲϬϭ EĞƚKW;ĂƐƐĞƚͿͬůŝĂďŝůŝƚLJ ;ϰϳ͕ϬϱϮͿϭϰϳ͕ϲϮϮͲ ϭϬϬ͕ϱϳϬͲ EĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ ϭϯ͕ϰϱϴ͕ϮϬϬϭ͕Ϭϰϰ͕ϭϭϭͲ ϭϰ͕ϱϬϮ͕ϯϭϭͲ ϭϱ͕Ϭϲϭ͕ϰϮϵΨϮ͕ϭϰϮ͕ϬϰϮΨϭ͕ϭϵϭ͕ϬϬϲΨϭϲ͕ϬϭϮ͕ϰϲϱΨϰϵϴ͕ϱϳϲΨ ŽŵƉĞŶƐĂƚĞĚĂďƐĞŶĐĞƐ͕ƚŚĞŶĞƚKWůŝĂďŝůŝƚLJ͕ĂŶĚƚŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJŚĂǀĞďĞĞŶƚLJƉŝĐĂůůLJůŝƋƵŝĚĂƚĞĚĨƌŽŵ ƚŚĞ'ĞŶĞƌĂů&ƵŶĚ͘ĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞŝƚLJ͛ƐŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJŝƐĚĞƚĂŝůĞĚĂƚEŽƚĞϴ͘ĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞŝƚLJ͛Ɛ ŶĞƚKW;ĂƐƐĞƚͿͬůŝĂďŝůŝƚLJŝƐĚĞƚĂŝůĞĚĂƚEŽƚĞϭϬ͘ ŽƉŝĞƌ>ĞĂƐĞƐWĂLJĂďůĞ /Ŷ:ƵŶĞϮϬϭϯ͕ƚŚĞŝƚLJĞŶƚĞƌĞĚŝŶƚŽĂϱͲLJĞĂƌůĞĂƐĞĂŐƌĞĞŵĞŶƚĨŽƌƉŚŽƚŽĐŽƉŝĞƌƐĨŽƌΨϳϭ͕ϬϰϱŵĂƚƵƌŝŶŐŝŶŵŽŶƚŚůLJ ŝŶĐƌĞŵĞŶƚƐŽĨΨϭ͕ϰϱϲ͕ǁŝƚŚŝŶƚĞƌĞƐƚƉĂLJĂďůĞŵŽŶƚŚůLJĂƚϴ͘ϰϳƉĞƌĐĞŶƚ͘dŚŝƐůĞĂƐĞĂŐƌĞĞŵĞŶƚƋƵĂůŝĨŝĞƐĂƐĂĐĂƉŝƚĂů ůĞĂƐĞĨŽƌĂĐĐŽƵŶƚŝŶŐƉƵƌƉŽƐĞƐĂŶĚƚŚĞƌĞĨŽƌĞ͕ŚĂƐďĞĞŶƌĞĐŽƌĚĞĚĂƚƚŚĞƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞĨƵƚƵƌĞŵŝŶŝŵƵŵ ůĞĂƐĞƉĂLJŵĞŶƚƐĂƚƚŚĞŝŶĐĞƉƚŝŽŶĚĂƚĞ͘ KŶƉƌŝůϭ͕ϮϬϭϱ͕ƚŚĞŝƚLJůĞĂƐĞĚĂŶĂĚĚŝƚŝŽŶĂůĐŽƉŝĞƌĨŽƌΨϵ͕ϬϬϬŵĂƚƵƌŝŶŐŝŶŵŽŶƚŚůLJŝŶĐƌĞŵĞŶƚƐŽĨΨϭ͕ϳϮϴ͕ǁŝƚŚ ŝŶƚĞƌĞƐƚƉĂLJĂďůĞŵŽŶƚŚůLJĂƚϴ͘ϰϳƉĞƌĐĞŶƚ͘ KŶ:ƵůLJϭ͕ϮϬϭϴ͕ƚŚĞŝƚLJůĞĂƐĞĚĂĚĚŝƚŝŽŶĂůĐŽƉŝĞƌƐĨŽƌΨϴϱ͕ϰϮϴŵĂƚƵƌŝŶŐŝŶŵŽŶƚŚůLJŝŶĐƌĞŵĞŶƚƐŽĨΨϭ͕ϳϵϰ͕ǁŝƚŚ ŝŶƚĞƌĞƐƚƉĂLJĂďůĞŵŽŶƚŚůLJĂƚϵ͘ϱƉĞƌĐĞŶƚ͘ 404 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϱϮ dŚĞŵŝŶŝŵƵŵĨƵƚƵƌĞůĞĂƐĞŽďůŝŐĂƚŝŽŶƐĂŶĚƚŚĞŶĞƚƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞůĞĂƐĞƉĂLJŵĞŶƚƐĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ĂƌĞ ĂƐĨŽůůŽǁƐ͗ dŽƚĂů ϮϮ͕ϮϬϴΨ  Ϯϭ͕ϱϮϴ ϯ͕ϱϲϬ ϰϳ͕Ϯϵϲ >ĞƐƐĂŵŽƵŶƚƌĞƉƌĞƐĞŶƚŝŶŐŝŶƚĞƌĞƐƚ ;ϲ͕ϬϳϭͿ KƵƚƐƚĂŶĚŝŶŐWƌŝŶĐŝƉĂů ϰϭ͕ϮϮϱΨ  zĞĂƌŶĚŝŶŐ:ƵŶĞϯϬ͕ ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ dŽƚĂůWĂLJŵĞŶƚƐ &ůĞĞƚsĞŚŝĐůĞ>ĞĂƐĞ /Ŷ:ĂŶƵĂƌLJŽĨϮϬϭϳƚŚĞŝƚLJĞŶƚĞƌĞĚŝŶƚŽĂǀĞŚŝĐůĞůĞĂƐĞĂŐƌĞĞŵĞŶƚǁŝƚŚŶƚĞƌƉƌŝƐĞ&ůĞĞƚDĂŶĂŐĞŵĞŶƚǁŝƚŚƚŚĞ ŐŽĂůŽĨƌĞƉůĂĐŝŶŐĂůůůŝŐŚƚĚƵƚLJǀĞŚŝĐůĞƐ͘WŽŽůǀĞŚŝĐůĞƐĂƌĞĂůƐŽŝŶĐůƵĚĞĚŝŶƚŚĞƌĞƉůĂĐĞŵĞŶƚƉƌŽŐƌĂŵĂŶĚĂƌĞ ƵƚŝůŝnjĞĚďLJŵƵůƚŝƉůĞĚĞƉĂƌƚŵĞŶƚƐ͘/ŶĨŝƐĐĂůLJĞĂƌϮϬϭϲͲϭϳ͕ϭϲǀĞŚŝĐůĞƐǁĞƌĞƌĞƉůĂĐĞĚǁŝƚŚĨŝǀĞͲLJĞĂƌůĞĂƐĞƐƌĂŶŐŝŶŐ ĨƌŽŵΨϮϮ͕ϰϱϯƚŽΨϯϱ͕ϱϳϴ͘/ŶĨŝƐĐĂůLJĞĂƌϮϬϭϳͲϭϴ͕ϭϭǀĞŚŝĐůĞƐǁĞƌĞƌĞƉůĂĐĞĚǁŝƚŚĨŝǀĞͲLJĞĂƌůĞĂƐĞƐƌĂŶŐŝŶŐĨƌŽŵ ΨϮϲ͕ϵϮϲƚŽΨϰϮ͕Ϯϯϯ͘/ŶĨŝƐĐĂůLJĞĂƌϮϬϭϴͲϭϵ͕ĂŶĂĚĚŝƚŝŽŶĂůƐŝdžǀĞŚŝĐůĞƐǁĞƌĞƌĞƉůĂĐĞĚǁŝƚŚĨŝǀĞͲLJĞĂƌůĞĂƐĞƐƌĂŶŐŝŶŐ ĨƌŽŵΨϮϮ͕ϰϲϬƚŽΨϯϱ͕ϭϬϯĨŽƌĂƚŽƚĂůŽĨϯϯǀĞŚŝĐůĞƐ͘/ŶĨŝƐĐĂůLJĞĂƌϮϬϭϵͲϮϬ͕ŽŶĞĂĚĚŝƚŝŽŶĂůǀĞŚŝĐůĞǁĂƐƌĞƉůĂĐĞĚ ǁŝƚŚĂĨŝǀĞͲLJĞĂƌůĞĂƐĞĨŽƌΨϮϴ͕ϭϳϮ͘dŚŝƐůĞĂƐĞĂŐƌĞĞŵĞŶƚƋƵĂůŝĨŝĞƐĂƐĂĐĂƉŝƚĂůůĞĂƐĞĨŽƌĂĐĐŽƵŶƚŝŶŐƉƵƌƉŽƐĞƐĂŶĚ ƚŚĞƌĞĨŽƌĞ͕ŚĂƐďĞĞŶƌĞĐŽƌĚĞĚĂƚƚŚĞƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞĨƵƚƵƌĞŵŝŶŝŵƵŵůĞĂƐĞƉĂLJŵĞŶƚĂƚƚŚĞŝŶĐĞƉƚŝŽŶĚĂƚĞ͘ dŚĞŵŝŶŝŵƵŵĨƵƚƵƌĞůĞĂƐĞŽďůŝŐĂƚŝŽŶƐĂŶĚƚŚĞŶĞƚƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞůĞĂƐĞƉĂLJŵĞŶƚƐĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ĂƌĞ ĂƐĨŽůůŽǁƐ͗ dŽƚĂů ϭϴϮ͕ϮϱϰΨ  ϭϭϱ͕ϯϵϯ Ϯϱ͕ϭϰϲ KƵƚƐƚĂŶĚŝŶŐWƌŝŶĐŝƉĂů ϯϮϮ͕ϳϵϯΨ  ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ zĞĂƌŶĚŝŶŐ:ƵŶĞϯϬ͕ WƵďůŝĐtŽƌŬƐƵŝůĚŝŶŐ>ĞĂƐĞ /Ŷ^ĞƉƚĞŵďĞƌŽĨϮϬϭϵ͕ƚŚĞŝƚLJĞŶƚĞƌĞĚŝŶƚŽĂƚǁŽLJĞĂƌůĞĂƐĞĂŐƌĞĞŵĞŶƚǁŝƚŚWĂĐŝĨŝĐDŽďŝůĞ^ƚƌƵĐƚƵƌĞƐĨŽƌĂŶĞǁ ƉƵďůŝĐǁŽƌŬƐƚƌĂŝůĞƌǁŚŝůĞƚŚĞŽƌƉŽƌĂƚĞzĂƌĚŝŵƉƌŽǀĞŵĞŶƚƐĂƌĞƵŶĚĞƌǁĂLJ͘ƐƚŚŝƐƚŝŵĞƚŚĞWƵďůŝĐtŽƌŬƐ ŵĂŝŶƚĞŶĂŶĐĞƚƌĂŝůĞƌǁĂƐϯϮLJĞĂƌƐŽůĚĂŶĚŚĂĚĞdžĐĞĞĚĞĚŝƚƐƵƐĞĨƵůůŝĨĞ͘dŚĞŵŝŶŝŵƵŵĨƵƚƵƌĞůĞĂƐĞŽďůŝŐĂƚŝŽŶƐĂŶĚ ƚŚĞŶĞƚƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞůĞĂƐĞƉĂLJŵĞŶƚƐĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭĂƌĞĂƐĨŽůůŽǁƐ͗ dŽƚĂů ϭϭ͕ϮϱϰΨ  KƵƚƐƚĂŶĚŝŶŐWƌŝŶĐŝƉĂů ϭϭ͕ϮϱϰΨ zĞĂƌŶĚŝŶŐ:ƵŶĞϯϬ͕ ϮϬϮϮ 405 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϱϯ /ŶƚĞůĞƐLJƐŽŶĞWŚŽŶĞ^LJƐƚĞŵ /Ŷ:ĂŶƵĂƌLJϮϬϭϵ͕ƚŚĞŝƚLJĞŶƚĞƌĞĚŝŶƚŽĂĨŝǀĞLJĞĂƌůĞĂƐĞĂŐƌĞĞŵĞŶƚǁŝƚŚ/ŶƚĞůĞLJƐŽŶĞĨŽƌĂŶĞǁƉŚŽŶĞƐLJƐƚĞŵƚŽ ƌĞƉůĂĐĞƚŚĞŝƚLJ͛ƐƵŶŝĨŝĞĚĐŽŵŵƵŶŝĐĂƚŝŽŶƐĂŶĚsŽ/WƉŚŽŶĞƐLJƐƚĞŵƐ͕ǁŚŝĐŚǁĂƐŝŶƐƚĂůůĞĚŝŶϮϬϬϳ͕ĂŶĚǁĂƐĂƚƚŚĞ ĞŶĚŽĨŝƚƐƐƵƉƉŽƌƚůŝĨĞĐLJĐůĞ͕ĂŶĚŝƚƐŚĂƌĚǁĂƌĞǁĂƐŶŽůŽŶŐĞƌƐƵƉƉŽƌƚĞĚ͘dŚĞŵŝŶŝŵƵŵĨƵƚƵƌĞůĞĂƐĞŽďůŝŐĂƚŝŽŶƐ ĂŶĚƚŚĞŶĞƚƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞůĞĂƐĞƉĂLJŵĞŶƚƐĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭĂƌĞĂƐĨŽůůŽǁƐ͗ dŽƚĂů ϯϯ͕ϲϬϭΨ ϯϯ͕ϲϬϭ ϭϲ͕ϴϬϭ KƵƚƐƚĂŶĚŝŶŐWƌŝŶĐŝƉĂů ϴϰ͕ϬϬϯΨ  ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ zĞĂƌŶĚŝŶŐ:ƵŶĞϯϬ͕ EŽƚĞϲͲ /ŶƚĞƌĨƵŶĚZĞĐĞŝǀĂďůĞƐĂŶĚWĂLJĂďůĞƐ dŚĞĐŽŵƉŽƐŝƚŝŽŶŽĨĐƵƌƌĞŶƚŝŶƚĞƌĨƵŶĚƌĞĐĞŝǀĂďůĞĂŶĚƉĂLJĂďůĞďĂůĂŶĐĞƐŝƐĂƐĨŽůůŽǁƐ͗ ,ŽƵƐŝŶŐ EŽŶͲDĂũŽƌ ƵĞĨƌŽŵKƚŚĞƌ&ƵŶĚƐ ƵƚŚŽƌŝƚLJ&ƵŶĚ 'ŽǀĞƌŶŵĞŶƚĂů dŽƚĂů 'ĞŶĞƌĂů&ƵŶĚ Ϯϲ͕ϳϳϳΨϯϳϰ͕ϴϵϮΨϰϬϭ͕ϲϲϵΨ  ƵĞƚŽKƚŚĞƌ&ƵŶĚƐ /ŶƚĞƌĨƵŶĚďĂůĂŶĐĞƐƌĞĨůĞĐƚƐŚŽƌƚƚĞƌŵďŽƌƌŽǁŝŶŐƐĨŽƌĚĞĨŝĐŝƚĐĂƐŚďĂůĂŶĐĞƐĂƚ:ƵŶĞϯϬ͕ϮϬϮϭ͘ EŽƚĞϳͲ /ŶƚĞƌĨƵŶĚdƌĂŶƐĨĞƌƐ ,ŽƵƐŝŶŐ EŽŶͲDĂũŽƌ /ŶƚĞƌŶĂů dƌĂŶƐĨĞƌƐ/Ŷ 'ĞŶĞƌĂů&ƵŶĚ ƵƚŚŽƌŝƚLJ&ƵŶĚ 'ŽǀĞƌŶŵĞŶƚĂů ^ĞƌǀŝĐĞ&ƵŶĚ dŽƚĂů ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚƐ&ƵŶĚ ϯ͕ϲϳϬ͕ϰϮϯΨ Ϯϳϴ͕ϬϲϮΨ ϰ͕ϵϯϵ͕ϳϵϲΨϴϳ͕ϵϴϲΨ ϴ͕ϵϳϲ͕ϮϲϳΨ  EŽŶͲŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ ϭ͕ϴϬϱ͕ϬϬϬͲͲͲ ϭ͕ϴϬϱ͕ϬϬϬ 'ŽůĨŽƵƌƐĞ&ƵŶĚ ϴϳϱ͕ϬϬϬͲͲͲ ϴϳϱ͕ϬϬϬ dŽƚĂů ϲ͕ϯϱϬ͕ϰϮϯΨ Ϯϳϴ͕ϬϲϮΨ ϰ͕ϵϯϵ͕ϳϵϲΨϴϳ͕ϵϴϲΨ ϭϭ͕ϲϱϲ͕ϮϲϳΨ dƌĂŶƐĨĞƌKƵƚ Ă͘ Ψϯ͕ϲϳϬ͕ϰϮϯǁĂƐƚƌĂŶƐĨĞƌƌĞĚĨƌŽŵƚŚĞ'ĞŶĞƌĂů&ƵŶĚƚŽƚŚĞĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚ&ƵŶĚƚŽĨƵŶĚǀĂƌŝŽƵƐĐĂƉŝƚĂů ƉƌŽũĞĐƚƐ͘ ď͘ ΨϮϳϴ͕ϬϲϮǁĂƐƚƌĂŶƐĨĞƌƌĞĚĨƌŽŵƚŚĞ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ&ƵŶĚƚŽƚŚĞĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚ&ƵŶĚƚŽĨƵŶĚǀĂƌŝŽƵƐ ĐĂƉŝƚĂůƉƌŽũĞĐƚƐ͘ Đ͘ Ψϰ͕ϵϯϵ͕ϳϵϲǁĂƐƚƌĂŶƐĨĞƌƌĞĚƚŽƚŚĞĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚ&ƵŶĚĨƌŽŵǀĂƌŝŽƵƐŶŽŶͲŵĂũŽƌĨƵŶĚƐƚŽƐƵƉƉŽƌƚĐĂƉŝƚĂů ƉƌŽũĞĐƚŽƉĞƌĂƚŝŽŶƐĂŶĚĞdžƉĞŶƐĞƐ͘ Ě͘ Ψϴϳ͕ϵϴϲǁĂƐƚƌĂŶƐĨĞƌƌĞĚƚŽƚŚĞĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚ&ƵŶĚĨƌŽŵƚŚĞ/ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐƚŽƐƵƉƉŽƌƚǀĂƌŝŽƵƐ ĐĂƉŝƚĂůƉƌŽũĞĐƚƐĂŶĚƉƌĞǀĞŶƚĂƚŝǀĞŵĂŝŶƚĞŶĂŶĐĞ͘ Ğ͘ Ψϭ͕ϴϬϱ͕ϬϬϬǁĂƐƚƌĂŶƐĨĞƌƌĞĚĨƌŽŵƚŚĞ'ĞŶĞƌĂů&ƵŶĚƚŽǀĂƌŝŽƵƐŶŽŶͲŵĂũŽƌĨƵŶĚƐƚŽƐƵƉƉŽƌƚǀĂƌŝŽƵƐĂĚŵŝŶŝƐƚƌĂƚŝǀĞ ŽƉĞƌĂƚŝŽŶƐĂŶĚĞdžƉĞŶƐĞƐǁŝƚŚŝŶƚŚĞŝƚLJ͘ Ĩ͘ Ψϴϳϱ͕ϬϬϬǁĂƐƚƌĂŶƐĨĞƌƌĞĚĨƌŽŵƚŚĞ'ĞŶĞƌĂů&ƵŶĚƚŽƚŚĞ'ŽůĨŽƵƌƐĞ&ƵŶĚƚŽƐƵďƐŝĚŝnjĞŽƉĞƌĂƚŝŽŶƐ͘ 406 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϱϰ EŽƚĞϴͲ ĞĨŝŶĞĚĞŶĞĨŝƚWĞŶƐŝŽŶWůĂŶ DŝƐĐĞůůĂŶĞŽƵƐWůĂŶ WůĂŶĞƐĐƌŝƉƚŝŽŶ ůůƋƵĂůŝĨŝĞĚĞŵƉůŽLJĞĞƐĂƌĞĞůŝŐŝďůĞƚŽƉĂƌƚŝĐŝƉĂƚĞŝŶƚŚĞŝƚLJ͛ƐDŝƐĐĞůůĂŶĞŽƵƐŵƉůŽLJĞĞWĞŶƐŝŽŶWůĂŶ͕ĂĐŽƐƚͲ ƐŚĂƌŝŶŐŵƵůƚŝƉůĞͲĞŵƉůŽLJĞƌĚĞĨŝŶĞĚďĞŶĞĨŝƚƉĞŶƐŝŽŶƉůĂŶƐĂĚŵŝŶŝƐƚĞƌĞĚďLJƚŚĞĂůŝĨŽƌŶŝĂWƵďůŝĐŵƉůŽLJĞĞƐ͛ ZĞƚŝƌĞŵĞŶƚ^LJƐƚĞŵ;ĂůWZ^Ϳ͘ĞŶĞĨŝƚƉƌŽǀŝƐŝŽŶƐƵŶĚĞƌƚŚĞƐĞƉůĂŶƐĂƌĞĞƐƚĂďůŝƐŚĞĚďLJ^ƚĂƚĞƐƚĂƚƵƚĞĂŶĚŝƚLJ ƌĞƐŽůƵƚŝŽŶ͘ĂůWZ^ŝƐƐƵĞƐƉƵďůŝĐůLJĂǀĂŝůĂďůĞƌĞƉŽƌƚƐƚŚĂƚŝŶĐůƵĚĞĂĨƵůůĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞƉĞŶƐŝŽŶƉůĂŶƐƌĞŐĂƌĚŝŶŐ ďĞŶĞĨŝƚƉƌŽǀŝƐŝŽŶ͕ĂƐƐƵŵƉƚŝŽŶĂŶĚŵĞŵďĞƌƐŚŝƉŝŶĨŽƌŵĂƚŝŽŶ͘ŽƉŝĞƐŽĨƚŚĞƌĞƉŽƌƚĐĂŶďĞĨŽƵŶĚŽŶƚŚĞĂůWZ^ ǁĞďƐŝƚĞ͘ ĞŶĞĨŝƚƐWƌŽǀŝĚĞĚ ĂůWZ^ƉƌŽǀŝĚĞƐƐĞƌǀŝĐĞƌĞƚŝƌĞŵĞŶƚĂŶĚĚŝƐĂďŝůŝƚLJďĞŶĞĨŝƚƐ͕ĂŶŶƵĂůĐŽƐƚŽĨůŝǀŝŶŐĂĚũƵƐƚŵĞŶƚƐĂŶĚĚĞĂƚŚďĞŶĞĨŝƚƐ ƚŽƉůĂŶŵĞŵďĞƌƐ͕ǁŚŽŵƵƐƚďĞƉƵďůŝĐĞŵƉůŽLJĞĞƐĂŶĚďĞŶĞĨŝĐŝĂƌŝĞƐ͘ĞŶĞĨŝƚƐĂƌĞďĂƐĞĚŽŶLJĞĂƌƐŽĨĐƌĞĚŝƚĞĚ ƐĞƌǀŝĐĞ͕ĞƋƵĂůƚŽŽŶĞLJĞĂƌŽĨĨƵůůƚŝŵĞĞŵƉůŽLJŵĞŶƚ͘DĞŵďĞƌƐǁŝƚŚĨŝǀĞLJĞĂƌƐŽĨƚŽƚĂůƐĞƌǀŝĐĞĂƌĞĞůŝŐŝďůĞƚŽƌĞƚŝƌĞ ĂƚĂŐĞϱϬǁŝƚŚƐƚĂƚƵƚŽƌŝůLJƌĞĚƵĐĞĚďĞŶĞĨŝƚƐ͘ůůŵĞŵďĞƌƐĂƌĞĞůŝŐŝďůĞĨŽƌŶŽŶͲĚƵƚLJĚŝƐĂďŝůŝƚLJďĞŶĞĨŝƚƐĂĨƚĞƌϭϬ LJĞĂƌƐŽĨƐĞƌǀŝĐĞ͘dŚĞĚĞĂƚŚďĞŶĞĨŝƚŝƐŽŶĞŽĨƚŚĞĨŽůůŽǁŝŶŐ͗dŚĞĂƐŝĐĞĂƚŚĞŶĞĨŝƚ͕ƚŚĞϭϵϱϵ^ƵƌǀŝǀŽƌĞŶĞĨŝƚ͕Žƌ ƚŚĞKƉƚŝŽŶĂů^ĞƚƚůĞŵĞŶƚϮtĞĂƚŚĞŶĞĨŝƚ͘dŚĞĐŽƐƚŽĨůŝǀŝŶŐĂĚũƵƐƚŵĞŶƚƐĨŽƌĞĂĐŚƉůĂŶĂƌĞĂƉƉůŝĞĚĂƐƐƉĞĐŝĨŝĞĚ ďLJƚŚĞWƵďůŝĐŵƉůŽLJĞĞƐ͛ZĞƚŝƌĞŵĞŶƚ>Ăǁ͘dŚĞWůĂŶ͛ƐƉƌŽǀŝƐŝŽŶƐĂŶĚďĞŶĞĨŝƚƐŝŶĞĨĨĞĐƚĂƚ:ƵŶĞϯϬ͕ϮϬϮϬĂƌĞ ƐƵŵŵĂƌŝnjĞĚĂƐĨŽůůŽǁƐ͗ dŝĞƌ/dŝĞƌ//WWZ KŶĂŶĚĂĨƚĞƌ KŶĂŶĚĂĨƚĞƌ KŶĂŶĚĂĨƚĞƌ ,ŝƌĞĚĂƚĞ ĞĐĞŵďĞƌϭϲ͕ϭϵϴϯ ĞĐĞŵďĞƌϭϳ͕ϮϬϭϮ :ĂŶƵĂƌLJϭ͕ϮϬϭϯ ĞŶĞĨŝƚĨŽƌŵƵůĂ Ϯ͘ϱйΛϱϱ ϮйΛϲϬ ϮйΛϲϮ ĞŶĞĨŝƚǀĞƐƚŝŶŐƐĐŚĞĚƵůĞ ϱLJĞĂƌƐƐĞƌǀŝĐĞ ϱLJĞĂƌƐƐĞƌǀŝĐĞ ϱLJĞĂƌƐƐĞƌǀŝĐĞ ĞŶĞĨŝƚƉĂLJŵĞŶƚƐ ŵŽŶƚŚůLJĨŽƌůŝĨĞ ŵŽŶƚŚůLJĨŽƌůŝĨĞ ŵŽŶƚŚůLJĨŽƌůŝĨĞ ZĞƚŝƌĞŵĞŶƚĂŐĞ ϱϬĂŶĚƵƉ ϱϬĂŶĚƵƉ ϱϮĂŶĚƵƉ DŽŶƚŚůLJďĞŶĞĨŝƚƐ͕ĂƐĂйŽĨĞůŝŐŝďůĞ ĐŽŵƉĞŶƐĂƚŝŽŶ ϮйƚŽϮ͘ϱй ϮйƚŽϮ͘ϱй ϭйƚŽϮй ZĞƋƵŝƌĞĚĞŵƉůŽLJĞĞĐŽŶƚƌŝďƵƚŝŽŶƌĂƚĞƐϴ͘ϬϬй ϳ͘ϬϬй ϲ͘Ϯϱй ZĞƋƵŝƌĞĚĞŵƉůŽLJĞƌĐŽŶƚƌŝďƵƚŝŽŶƌĂƚĞƐϭϮ͘ϯϲϭй ϴ͘ϳϵϰй ϳ͘ϳϯϮй ŽŶƚƌŝďƵƚŝŽŶƐ ^ĞĐƚŝŽŶϮϬϴϭϰ;ĐͿŽĨƚŚĞĂůŝĨŽƌŶŝĂWƵďůŝĐŵƉůŽLJĞĞƐ͛ZĞƚŝƌĞŵĞŶƚ>Ăǁ;WZ>ͿƌĞƋƵŝƌĞƐƚŚĂƚƚŚĞĞŵƉůŽLJĞƌ ĐŽŶƚƌŝďƵƚŝŽŶƌĂƚĞƐĨŽƌĂůůƉƵďůŝĐĞŵƉůŽLJĞƌƐďĞĚĞƚĞƌŵŝŶĞĚŽŶĂŶĂŶŶƵĂůďĂƐŝƐďLJƚŚĞĂĐƚƵĂƌLJĂŶĚƐŚĂůůďĞ ĞĨĨĞĐƚŝǀĞŽŶƚŚĞ:ƵůLJϭĨŽůůŽǁŝŶŐŶŽƚŝĐĞŽĨĂĐŚĂŶŐĞŝŶƚŚĞƌĂƚĞ͘&ƵŶĚŝŶŐĐŽŶƚƌŝďƵƚŝŽŶƐĂƌĞĚĞƚĞƌŵŝŶĞĚĂŶŶƵĂůůLJ ŽŶĂŶĂĐƚƵĂƌŝĂůďĂƐŝƐĂƐŽĨ:ƵŶĞϯϬƚŚďLJĂůWZ^͘dŚĞĂĐƚƵĂƌŝĂůůLJĚĞƚĞƌŵŝŶĞĚƌĂƚĞŝƐƚŚĞĞƐƚŝŵĂƚĞĚĂŵŽƵŶƚ ŶĞĐĞƐƐĂƌLJƚŽĨŝŶĂŶĐĞƚŚĞĐŽƐƚƐŽĨďĞŶĞĨŝƚƐĞĂƌŶĞĚďLJĞŵƉůŽLJĞĞƐĚƵƌŝŶŐƚŚĞLJĞĂƌ͕ĂŶĚĂŶLJƵŶĨƵŶĚĞĚĂĐĐƌƵĞĚ ůŝĂďŝůŝƚLJ͘dŚĞĞŵƉůŽLJĞƌŝƐƌĞƋƵŝƌĞĚƚŽĐŽŶƚƌŝďƵƚĞƚŚĞĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶƚŚĞĂĐƚƵĂƌŝĂůůLJĚĞƚĞƌŵŝŶĞĚƌĂƚĞĂŶĚƚŚĞ ĐŽŶƚƌŝďƵƚŝŽŶƌĂƚĞŽĨĞŵƉůŽLJĞĞƐ͘ŵƉůŽLJĞƌĐŽŶƚƌŝďƵƚŝŽŶƐƚŽƚŚĞƉĞŶƐŝŽŶƉůĂŶǁĞƌĞΨϮ͕ϱϴϭ͕ϭϱϴĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚ :ƵŶĞϯϬ͕ϮϬϮϭ͘ 407 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϱϱ WĞŶƐŝŽŶ>ŝĂďŝůŝƚŝĞƐ͕WĞŶƐŝŽŶdžƉĞŶƐĞĂŶĚĞĨĞƌƌĞĚKƵƚĨůŽǁƐĂŶĚĞĨĞƌƌĞĚ/ŶĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐZĞůĂƚĞĚƚŽ WĞŶƐŝŽŶƐ ƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŝƚLJƌĞƉŽƌƚĞĚĂůŝĂďŝůŝƚLJŽĨΨϭϰ͕ϱϬϮ͕ϯϭϭĨŽƌŝƚƐƉƌŽƉŽƌƚŝŽŶĂƚĞƐŚĂƌĞŽĨƚŚĞĐŽůůĞĐƚŝǀĞŶĞƚ ƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ͘dŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJǁĂƐŵĞĂƐƵƌĞĚĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϬ͕ĂŶĚƚŚĞƚŽƚĂůƉĞŶƐŝŽŶůŝĂďŝůŝƚLJƵƐĞĚ ƚŽĐĂůĐƵůĂƚĞƚŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJǁĂƐĚĞƚĞƌŵŝŶĞĚďLJĂŶĂĐƚƵĂƌŝĂůǀĂůƵĂƚŝŽŶĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϭϵ͘dŚĞŝƚLJ͛Ɛ ƉƌŽƉŽƌƚŝŽŶŽĨƚŚĞĐŽůůĞĐƚŝǀĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJǁĂƐďĂƐĞĚŽŶĂƉƌŽũĞĐƚŝŽŶŽĨƚŚĞŝƚLJ͛ƐůŽŶŐͲƚĞƌŵƐŚĂƌĞŽĨ ĐŽŶƚƌŝďƵƚŝŽŶƐƚŽƚŚĞƉĞŶƐŝŽŶƉůĂŶƌĞůĂƚŝǀĞƚŽƚŚĞƉƌŽũĞĐƚĞĚĐŽŶƚƌŝďƵƚŝŽŶƐŽĨĂůůƉĂƌƚŝĐŝƉĂƚŝŶŐĞŵƉůŽLJĞƌƐ͕ ĂĐƚƵĂƌŝĂůůLJĚĞƚĞƌŵŝŶĞĚ͘dŚĞŝƚLJ͛ƐƉƌŽƉŽƌƚŝŽŶŽĨƚŚĞĐŽůůĞĐƚŝǀĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϭϵĂŶĚϮϬϮϬ ŝƐĂƐĨŽůůŽǁƐ͗ WƌŽƉŽƌƚŝŽŶͲ:ƵŶĞϯϬ͕ϮϬϭϵ Ϭ͘ϭϯϭϯϰ й WƌŽƉŽƌƚŝŽŶͲ:ƵŶĞϯϬ͕ϮϬϮϬ Ϭ͘ϭϯϯϮϵ й ŚĂŶŐĞͲ/ŶĐƌĞĂƐĞ;ĞĐƌĞĂƐĞͿ Ϭ͘ϬϬϭϵϱ й &ŽƌƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŝƚLJƌĞĐŽŐŶŝnjĞĚƉĞŶƐŝŽŶĞdžƉĞŶƐĞŽĨΨϮ͕ϯϭϬ͕ϴϳϰ͘ ƚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŝƚLJƌĞƉŽƌƚĞĚĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐĂŶĚĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽƉĞŶƐŝŽŶƐĂƐ ĨŽůůŽǁƐ͗ ĞĨĞƌƌĞĚKƵƚĨůŽǁƐ ĞĨĞƌƌĞĚ/ŶĨůŽǁƐ ŽĨZĞƐŽƵƌĐĞƐ ŽĨZĞƐŽƵƌĐĞƐ WĞŶƐŝŽŶĐŽŶƚƌŝďƵƚŝŽŶƐƐƵďƐĞƋƵĞŶƚƚŽŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞ Ϯ͕ϱϴϭ͕ϭϱϴΨ  ͲΨ  ŚĂŶŐĞƐŝŶĂƐƐƵŵƉƚŝŽŶƐ Ͳ ϭϬϯ͕ϰϯϲ ŝĨĨĞƌĞŶĐĞƐďĞƚǁĞĞŶĞdžƉĞĐƚĞĚĂŶĚĂĐƚƵĂůĞdžƉĞƌŝĞŶĐĞ ϳϰϳ͕ϯϰϳ Ͳ EĞƚĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶƉƌŽũĞĐƚĞĚĂŶĚĂĐƚƵĂůĞĂƌŶŝŶŐƐŽŶ ƉĞŶƐŝŽŶƉůĂŶŝŶǀĞƐƚŵĞŶƚƐ ϰϯϬ͕ϴϭϰ Ϯϴ͕ϱϬϴ ŚĂŶŐĞŝŶĞŵƉůŽLJĞƌΖƐƉƌŽƉŽƌƚŝŽŶ ϯϮϬ͕ϳϲϭͲ ŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶƚŚĞĐŝƚLJΖƐĐŽŶƚƌŝďƵƚŝŽŶĂŶĚ ƉƌŽƉŽƌƚŝŽŶĂƚĞƐŚĂƌĞŽĨĐŽŶƚƌŝďƵƚŝŽŶƐ Ͳϯϵϵ͕ϰϱϱ dŽƚĂů ϰ͕ϬϴϬ͕ϬϴϬΨ ϱϯϭ͕ϯϵϵΨ  dŚĞΨϮ͕ϱϴϭ͕ϭϱϴƌĞƉŽƌƚĞĚĂƐĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞƐƵůƚŝŶŐĨƌŽŵĐŽŶƚƌŝďƵƚŝŽŶƐƐƵďƐĞƋƵĞŶƚƚŽƚŚĞ ŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞǁŝůůďĞƌĞĐŽŐŶŝnjĞĚĂƐĂƌĞĚƵĐƚŝŽŶŽĨƚŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJŝŶƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϮ͘ KƚŚĞƌĂŵŽƵŶƚƐƌĞƉŽƌƚĞĚĂƐĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽƌĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽƉĞŶƐŝŽŶƐǁŝůůďĞ ƌĞĐŽŐŶŝnjĞĚĂƐƉĞŶƐŝŽŶĞdžƉĞŶƐĞĂƐĨŽůůŽǁƐ͗ ϲϯ͕ϭϳϱΨ  ϯϴϯ͕ϲϬϱ ϯϭϰ͕ϭϭϮ ϮϬϲ͕ϲϯϭ ϵϲϳ͕ϱϮϯΨ dŽƚĂů zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ ϮϬϮϱ 408  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϱϲ ĐƚƵĂƌŝĂůDĞƚŚŽĚƐĂŶĚƐƐƵŵƉƚŝŽŶƐhƐĞĚƚŽĞƚĞƌŵŝŶĞdŽƚĂůWĞŶƐŝŽŶ>ŝĂďŝůŝƚLJ  &ŽƌƚŚĞŵĞĂƐƵƌĞŵĞŶƚƉĞƌŝŽĚĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϬ;ƚŚĞŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞͿ͕ƚŚĞƚŽƚĂůƉĞŶƐŝŽŶůŝĂďŝůŝƚLJǁĂƐ ĚĞƚĞƌŵŝŶĞĚďLJƌŽůůŝŶŐĨŽƌǁĂƌĚƚŚĞ:ƵŶĞϯϬ͕ϮϬϭϵƚŽƚĂůƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ͘dŚĞƚŽƚĂůƉĞŶƐŝŽŶůŝĂďŝůŝƚLJŝŶƚŚĞ:ƵŶĞϯϬ͕ ϮϬϭϵĂĐƚƵĂƌŝĂůǀĂůƵĂƚŝŽŶǁĂƐĚĞƚĞƌŵŝŶĞĚƵƐŝŶŐƚŚĞĨŽůůŽǁŝŶŐĂĐƚƵĂƌŝĂůŵĞƚŚŽĚƐĂŶĚĂƐƐƵŵƉƚŝŽŶƐ͗  sĂůƵĂƚŝŽŶĂƚĞ :ƵŶĞϯϬ͕ϮϬϭϵ DĞĂƐƵƌĞŵĞŶƚĂƚĞ :ƵŶĞϯϬ͕ϮϬϮϬ ĐƚƵĂƌŝĂůŽƐƚDĞƚŚŽĚ ŶƚƌLJͲŐĞEŽƌŵĂůŽƐƚDĞƚŚŽĚ ŝƐĐŽƵŶƚZĂƚĞ ϳ͘ϭϱй /ŶĨůĂƚŝŽŶ Ϯ͘ϱϬй WĂLJƌŽůů'ƌŽǁƚŚ ϯ͘ϬϬй WƌŽũĞĐƚĞĚ^ĂůĂƌLJ/ŶĐƌĞĂƐĞ sĂƌŝĞƐďLJŶƚƌLJŐĞĂŶĚ^ĞƌǀŝĐĞ /ŶǀĞƐƚŵĞŶƚZĂƚĞŽĨZĞƚƵƌŶ ϳ͘ϭϱй DŽƌƚĂůŝƚLJZĂƚĞdĂďůĞ ĞƌŝǀĞĚƵƐŝŶŐĂůWZ^ΖDĞŵďĞƌƐŚŝƉĂƚĂĨŽƌĂůů&ƵŶĚ DŝƐĐĞůůĂŶĞŽƵƐ  ŝƐĐŽƵŶƚZĂƚĞ  dŚĞĚŝƐĐŽƵŶƚƌĂƚĞƵƐĞĚƚŽŵĞĂƐƵƌĞƚŚĞƚŽƚĂůƉĞŶƐŝŽŶůŝĂďŝůŝƚLJǁĂƐϳ͘ϭϱƉĞƌĐĞŶƚ͘dŚĞƉƌŽũĞĐƚŝŽŶŽĨĐĂƐŚĨůŽǁƐƵƐĞĚ ƚŽĚĞƚĞƌŵŝŶĞƚŚĞĚŝƐĐŽƵŶƚƌĂƚĞĂƐƐƵŵĞĚƚŚĂƚĞŵƉůŽLJĞĞĐŽŶƚƌŝďƵƚŝŽŶƐǁŝůůďĞŵĂĚĞĂƚƚŚĞĐƵƌƌĞŶƚĐŽŶƚƌŝďƵƚŝŽŶ ƌĂƚĞĂŶĚƚŚĂƚƚŚĞŝƚLJ͛ƐĐŽŶƚƌŝďƵƚŝŽŶƐǁŝůůďĞŵĂĚĞĂƚƌĂƚĞƐĞƋƵĂůƚŽƚŚĞĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶĂĐƚƵĂƌŝĂůůLJ ĚĞƚĞƌŵŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶƐƌĂƚĞƐĂŶĚƚŚĞĞŵƉůŽLJĞĞƌĂƚĞ͘ĂƐĞĚŽŶƚŚŽƐĞĂƐƐƵŵƉƚŝŽŶƐ͕ĞĂĐŚƉĞŶƐŝŽŶƉůĂŶ͛Ɛ ĨŝĚƵĐŝĂƌLJŶĞƚƉŽƐŝƚŝŽŶǁĂƐƉƌŽũĞĐƚĞĚƚŽďĞĂǀĂŝůĂďůĞƚŽŵĂŬĞĂůůƉƌŽũĞĐƚĞĚĨƵƚƵƌĞďĞŶĞĨŝƚƉĂLJŵĞŶƚƐŽĨĐƵƌƌĞŶƚ ĂĐƚŝǀĞĂŶĚŝŶĂĐƚŝǀĞĞŵƉůŽLJĞĞƐ͘dŚĞƌĞĨŽƌĞ͕ƚŚĞůŽŶŐͲƚĞƌŵĞdžƉĞĐƚĞĚƌĂƚĞŽĨƌĞƚƵƌŶŽŶƉĞŶƐŝŽŶƉůĂŶŝŶǀĞƐƚŵĞŶƚƐ ǁĂƐĂƉƉůŝĞĚƚŽĂůůƉĞƌŝŽĚƐŽĨƉƌŽũĞĐƚĞĚďĞŶĞĨŝƚƉĂLJŵĞŶƚƐƚŽĚĞƚĞƌŵŝŶĞƚŚĞƚŽƚĂůƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ͘  /ŶĚĞƚĞƌŵŝŶŝŶŐƚŚĞůŽŶŐͲƚĞƌŵĞdžƉĞĐƚĞĚƉĞƌĐĞŶƚƌĂƚĞŽĨƌĞƚƵƌŶŽŶƉĞŶƐŝŽŶƉůĂŶŝŶǀĞƐƚŵĞŶƚƐ͕ĂůWZ^ƚŽŽŬŝŶƚŽ ĂĐĐŽƵŶƚďŽƚŚƐŚŽƌƚĂŶĚůŽŶŐͲƚĞƌŵŵĂƌŬĞƚƌĞƚƵƌŶĞdžƉĞĐƚĂƚŝŽŶƐĂƐǁĞůůĂƐƚŚĞĞdžƉĞĐƚĞĚƉĞŶƐŝŽŶĨƵŶĚĐĂƐŚĨůŽǁƐ͘ ĂƐĞĚŽŶƚŚĞĞdžƉĞĐƚĞĚďĞŶĞĨŝƚƉĂLJŵĞŶƚƐŽĨƚŚĞWƵďůŝĐŵƉůŽLJĞĞƐ͛ZĞƚŝƌĞŵĞŶƚ&ƵŶĚ͕ĂůWZ^ŝŶĚŝĐĂƚĞĚƚŚĂƚĂ ϭϵLJĞĂƌŚŽƌŝnjŽŶǁĂƐŝĚĞĂůŝŶĚĞƚĞƌŵŝŶŝŶŐƚŚĞůĞǀĞůĞƋƵŝǀĂůĞŶƚĚŝƐĐŽƵŶƚƌĂƚĞĂƐƐƵŵƉƚŝŽŶ͘hƐŝŶŐŚŝƐƚŽƌŝĐĂůƌĞƚƵƌŶƐ ŽĨĂůůƚŚĞĨƵŶĚƐ͛ĂƐƐĞƚĐůĂƐƐĞƐ͕ĞdžƉĞĐƚĞĚĐŽŵƉŽƵŶĚ;ŐĞŽŵĞƚƌŝĐͿƌĞƚƵƌŶƐǁĞƌĞĐĂůĐƵůĂƚĞĚŽǀĞƌƚŚĞƐŚŽƌƚͲƚĞƌŵ;ĨŝƌƐƚ ϭϬLJĞĂƌƐͿĂŶĚƚŚĞůŽŶŐͲƚĞƌŵ;ϭϭͲϲϬLJĞĂƌƐͿƵƐŝŶŐĂďƵŝůĚŝŶŐͲďůŽĐŬĂƉƉƌŽĂĐŚ͘hƐŝŶŐƚŚĞĞdžƉĞĐƚĞĚŶŽŵŝŶĂůƌĞƚƵƌŶƐ ĨŽƌďŽƚŚƐŚŽƌƚͲƚĞƌŵĂŶĚůŽŶŐͲƚĞƌŵ͕ƚŚĞƉƌĞƐĞŶƚǀĂůƵĞŽĨďĞŶĞĨŝƚƐǁĂƐĐĂůĐƵůĂƚĞĚĨŽƌĞĂĐŚĨƵŶĚ͘dŚĞĞdžƉĞĐƚĞĚ ƌĂƚĞŽĨƌĞƚƵƌŶǁĂƐƚŚĞŶƐĞƚĞƋƵŝǀĂůĞŶƚƚŽƚŚĞƐŝŶŐůĞĞƋƵŝǀĂůĞŶƚƌĂƚĞĐĂůĐƵůĂƚĞĚĂďŽǀĞĂŶĚƌŽƵŶĚĞĚĚŽǁŶƚŽƚŚĞ ŶĞĂƌĞƐƚŽŶĞƋƵĂƌƚĞƌŽĨŽŶĞƉĞƌĐĞŶƚ͘dŚĞƚĂƌŐĞƚĂůůŽĐĂƚŝŽŶĂŶĚďĞƐƚĞƐƚŝŵĂƚĞƐŽĨĂƌŝƚŚŵĞƚŝĐƌĞĂůƌĂƚĞƐŽĨƌĞƚƵƌŶ ĨŽƌĞĂĐŚŵĂũŽƌĂƐƐĞƚĐůĂƐƐĂƌĞƚŚĞƐĂŵĞĨŽƌƚŚĞWůĂŶ͘  409 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϱϳ dŚĞƐĞŐĞŽŵĞƚƌŝĐƌĂƚĞƐŽĨƌĞƚƵƌŶĂƌĞƐƵŵŵĂƌŝnjĞĚŝŶƚŚĞĨŽůůŽǁŝŶŐƚĂďůĞ͗ ^ƚƌĂƚĞŐŝĐ ZĞĂůZĞƚƵƌŶ ZĞĂůZĞƚƵƌŶ ůůŽĐĂƚŝŽŶ zĞĂƌƐϭͲϭϬ zĞĂƌƐϭϭн 'ůŽďĂůƋƵŝƚLJ ϱϬ͘ϬϬй ϰ͘ϴϬй ϱ͘ϵϴй &ŝdžĞĚ/ŶĐŽŵĞ Ϯϴ͘ϬϬй ϭ͘ϬϬй Ϯ͘ϲϮй /ŶĨůĂƚŝŽŶƐƐĞƚƐ Ϭ͘ϬϬй Ϭ͘ϳϳй ϭ͘ϴϭй WƌŝǀĂƚĞƋƵŝƚLJ ϴ͘ϬϬй ϲ͘ϯϬй ϳ͘Ϯϯй ZĞĂůƐƚĂƚĞ ϭϯ͘ϬϬй ϯ͘ϳϱй ϰ͘ϵϯй >ŝƋƵŝĚŝƚLJ ϭ͘ϬϬй Ϭ͘ϬϬй ͲϬ͘ϵϮй dŽƚĂů ϭϬϬй ƐƐĞƚůĂƐƐ ^ĞŶƐŝƚŝǀŝƚLJŽĨƚŚĞWƌŽƉŽƌƚŝŽŶĂƚĞ^ŚĂƌĞŽĨƚŚĞEĞƚWĞŶƐŝŽŶ>ŝĂďŝůŝƚLJƚŽŚĂŶŐĞƐŝŶƚŚĞŝƐĐŽƵŶƚZĂƚĞ dŚĞĨŽůůŽǁŝŶŐƉƌĞƐĞŶƚƐƚŚĞŝƚLJ͛ƐƉƌŽƉŽƌƚŝŽŶĂƚĞƐŚĂƌĞŽĨƚŚĞŶĞƚƉŽƐŝƚŝŽŶůŝĂďŝůŝƚLJĨŽƌĞĂĐŚWůĂŶ͕ĐĂůĐƵůĂƚĞĚƵƐŝŶŐ ƚŚĞĚŝƐĐŽƵŶƚƌĂƚĞĨŽƌĞĂĐŚWůĂŶ͕ĂƐǁĞůůĂƐǁŚĂƚƚŚĞŝƚLJ͛ƐƉƌŽƉŽƌƚŝŽŶĂƚĞƐŚĂƌĞŽĨƚŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJǁŽƵůĚ ďĞŝĨŝƚǁĞƌĞĐĂůĐƵůĂƚĞĚƵƐŝŶŐĂĚŝƐĐŽƵŶƚƌĂƚĞƚŚĂƚŝƐϭƉĞƌĐĞŶƚƉŽŝŶƚůŽǁĞƌŽƌϭƉĞƌĐĞŶƚŚŝŐŚĞƌƚŚĂŶƚŚĞĐƵƌƌĞŶƚ ƌĂƚĞ͗ ŝƐĐŽƵŶƚ ƵƌƌĞŶƚ ŝƐĐŽƵŶƚ ZĂƚĞͲϭй ŝƐĐŽƵŶƚZĂƚĞ ZĂƚĞнϭй ;ϲ͘ϭϱйͿ ;ϳ͘ϭϱйͿ ;ϴ͘ϭϱйͿ EĞƚWĞŶƐŝŽŶ>ŝĂďŝůŝƚLJ Ϯϭ͕ϲϲϬ͕ϬϱϭΨ ϭϰ͕ϱϬϮ͕ϯϭϭΨϴ͕ϱϴϴ͕ϬϵϱΨ  WĞŶƐŝŽŶWůĂŶ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶ ĞƚĂŝůĞĚŝŶĨŽƌŵĂƚŝŽŶĂďŽƵƚƚŚĞWůĂŶ͛ƐĨŝĚƵĐŝĂƌLJŶĞƚƉŽƐŝƚŝŽŶŝƐĂǀĂŝůĂďůĞŝŶƚŚĞƐĞƉĂƌĂƚĞůLJŝƐƐƵĞĚĂůWZ^ĨŝŶĂŶĐŝĂů ƌĞƉŽƌƚƐ͘ EŽƚĞϵͲ ĞĨŝŶĞĚŽŶƚƌŝďƵƚŝŽŶWůĂŶ WůĂŶĞƐĐƌŝƉƚŝŽŶ dŚĞ^ƵƉƉůĞŵĞŶƚĂůWĞŶƐŝŽŶ^ĂǀŝŶŐƐWůĂŶŝƐĂĚĞĨŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶƉĞŶƐŝŽŶƉůĂŶĞƐƚĂďůŝƐŚĞĚďLJƚŚĞŝƚLJƚŽƉƌŽǀŝĚĞ ƌĞƚŝƌĞŵĞŶƚĞdžĐĞƐƐďĞŶĞĨŝƚƐƚŽŐĞŶĞƌĂůĞŵƉůŽLJĞĞƐŽĨƚŚĞŝƚLJ͘ƚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞƌĞǁĂƐŽŶĞƉůĂŶŵĞŵďĞƌ͘ dŚĞƌĞĂƌĞŶŽƌĞƋƵŝƌĞĚĐŽŶƚƌŝďƵƚŝŽŶƐďLJƉůĂŶŵĞŵďĞƌƐ͘ƵƌŝŶŐƚŚĞϮϬϮϬͲϮϬϮϭĨŝƐĐĂůLJĞĂƌƚŚĞŝƚLJŵĂĚĞŶŽ ĐŽŶƚƌŝďƵƚŝŽŶƐƚŽĨƵŶĚƚŚĞ^ƵƉƉůĞŵĞŶƚĂůWĞŶƐŝŽŶ^ĂǀŝŶŐƐWůĂŶ͘ 410 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϱϴ EŽƚĞϭϬͲ KƚŚĞƌWŽƐƚŵƉůŽLJŵĞŶƚĞŶĞĨŝƚWůĂŶ;KWͿ WůĂŶĞƐĐƌŝƉƚŝŽŶ dŚĞŝƚLJ͛ƐZĞƚŝƌĞĞ,ĞĂůƚŚWůĂŶŝƐĂƐŝŶŐůĞͲĞŵƉůŽLJĞƌĚĞĨŝŶĞĚďĞŶĞĨŝƚŚĞĂůƚŚĐĂƌĞƉůĂŶ͘dŚĞŝƚLJĐŽŶƚƌŝďƵƚĞƐŽŶ ďĞŚĂůĨŽĨĂůůĞůŝŐŝďůĞƌĞƚŝƌĞĞƐ͛ΨϭϯϵͬŵŽŶƚŚĨŽƌƚŚĞĐĂůĞŶĚĂƌLJĞĂƌϮϬϮϬĂŶĚΨϭϰϯͬŵŽŶƚŚĨŽƌĐĂůĞŶĚĂƌLJĞĂƌϮϬϮϭ͕ ŝŶĐƌĞĂƐĞĚŝŶĂůůĨƵƚƵƌĞLJĞĂƌƐĂĐĐŽƌĚŝŶŐƚŽƚŚĞƌĂƚĞŽĨŵĞĚŝĐĂůŝŶĨůĂƚŝŽŶ͘dŚĞƐĞďĞŶĞĨŝƚƐĂƌĞƉƌŽǀŝĚĞĚƉĞƌĐŽŶƚƌĂĐƚ ďĞƚǁĞĞŶƚŚĞŝƚLJĂŶĚƚŚĞĞŵƉůŽLJĞĞĂƐƐŽĐŝĂƚŝŽŶƐ͘ƐĞƉĂƌĂƚĞĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŝƐŶŽƚĂǀĂŝůĂďůĞĨŽƌƚŚĞƉůĂŶ͘ dŚĞŝƚLJƉĂƌƚŝĐŝƉĂƚĞƐŝŶƚŚĞĂůŝĨŽƌŶŝĂŵƉůŽLJĞƌƐ͛ZĞƚŝƌĞĞĞŶĞĨŝƚdƌƵƐƚ;ZdͿĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĂĐĐƵŵƵůĂƚŝŶŐ ĨƵŶĚŝŶŐĨŽƌKWŽďůŝŐĂƚŝŽŶƐ͘dŚĞZdŝƐĂ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚĂŶĚŝƐĂŶĂŐĞŶƚŵƵůƚŝƉůĞĞŵƉůŽLJĞƌƉůĂŶĨŽƌƚŚŽƐĞ ĞůĞĐƚŝŶŐƚŽƉƌĞĨƵŶĚKWŽďůŝŐĂƚŝŽŶƐ͘ ĞŶĞĨŝƚƐWƌŽǀŝĚĞĚ ZĞƚŝƌĞĞƐĂƌĞĞůŝŐŝďůĞĨŽƌŵĞĚŝĐĂůďĞŶĞĨŝƚƐŝĨƚŚĞLJƌĞƚŝƌĞĂƚĂŐĞϱϬн͕ŚĂǀĞϱнLJĞĂƌƐŽĨƐĞƌǀŝĐĞǁŝƚŚŝŶĂůWZ^͕ĂŶĚ ǁĞƌĞĞŶƌŽůůĞĚŝŶƚŚĞĂůWZ^ŚĞĂůƚŚƐLJƐƚĞŵĂƚƌĞƚŝƌĞŵĞŶƚ͘dŚĞŝƚLJƉƌŽǀŝĚĞƐWD,ŵŝŶŝŵƵŵĨŽƌĞĂĐŚ ƐƵďƐĐƌŝďĞƌ͕ƌĞŐĂƌĚůĞƐƐŽĨĞůĞĐƚĞĚĐŽǀĞƌĂŐĞƚŝĞƌ͘ ŵƉůŽLJĞĞƐŽǀĞƌĞĚďLJĞŶĞĨŝƚdĞƌŵƐ ƚ:ƵŶĞϯϬ͕ϮϬϮϬ͕ƚŚĞŵŽƐƚƌĞĐĞŶƚǀĂůƵĂƚŝŽŶĚĂƚĞ͕ƚŚĞĨŽůůŽǁŝŶŐĐƵƌƌĞŶƚĂŶĚĨŽƌŵĞƌĞŵƉůŽLJĞĞƐǁĞƌĞĐŽǀĞƌĞĚďLJ ƚŚĞďĞŶĞĨŝƚƚĞƌŵƐŽĨƚŚĞƉůĂŶ͗ ĐƚŝǀĞĞŵƉůŽLJĞĞƐ ϵϰ /ŶĂĐƚŝǀĞĞŵƉůŽLJĞĞƐŽƌďĞŶĞĨŝĐŝĂƌŝĞƐĐƵƌƌĞŶƚůLJƌĞĐĞŝǀŝŶŐďĞŶĞĨŝƚƐϮϰ dŽƚĂů ϭϭϴ ŽŶƚƌŝďƵƚŝŽŶƐ dŚĞŝƚLJŵĂŬĞƐĐŽŶƚƌŝďƵƚŝŽŶƐƚŽƚŚĞƉůĂŶďĂƐĞĚŽŶĂŶĂĐƚƵĂƌŝĂůůLJĚĞƚĞƌŵŝŶĞĚƌĂƚĞ͘ŵƉůŽLJĞĞƐĂƌĞŶŽƚƌĞƋƵŝƌĞĚƚŽ ĐŽŶƚƌŝďƵƚĞƚŽƚŚĞƉůĂŶ͘&ŽƌƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŝƚLJŵĂĚĞŶŽĐŽŶƚƌŝďƵƚŝŽŶƐƚŽƚŚĞZdƚƌƵƐƚ͘ 411 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϱϵ EĞƚKW>ŝĂďŝůŝƚLJͬ;ƐƐĞƚͿ ĐƚƵĂƌŝĂůƐƐƵŵƉƚŝŽŶƐʹdŚĞŶĞƚKWůŝĂďŝůŝƚLJͬ;ĂƐƐĞƚͿŝŶƚŚĞ:ƵŶĞϯϬ͕ϮϬϮϬĂĐƚƵĂƌŝĂůǀĂůƵĂƚŝŽŶǁĂƐĚĞƚĞƌŵŝŶĞĚ ƵƐŝŶŐƚŚĞĨŽůůŽǁŝŶŐĂĐƚƵĂƌŝĂůĂƐƐƵŵƉƚŝŽŶƐ͕ĂƉƉůŝĞĚƚŽĂůůƉĞƌŝŽĚƐŝŶĐůƵĚĞĚŝŶƚŚĞŵĞĂƐƵƌĞŵĞŶƚ͗ ĐƚƵĂƌŝĂůŽƐƚDĞƚŚŽĚ ŶƚƌLJͲŐĞEŽƌŵĂůŽƐƚDĞƚŚŽĚ ĐƚƵĂƌŝĂůƐƐƵŵƉƚŝŽŶƐ ŝƐĐŽƵŶƚZĂƚĞ ϱ͘ϱϬй /ŶĨůĂƚŝŽŶ Ϯ͘Ϯϱй /ŶǀĞƐƚŵĞŶƚZĂƚĞŽĨZĞƚƵƌŶ ϱ͘ϱϬй DŽƌƚĂůŝƚLJ ;ϭͿ ,ĞĂůƚŚĐĂƌĞdƌĞŶĚZĂƚĞ ϲ͘ϳйĨŽƌĨŝƐĐĂůLJĞĂƌϮϬϮϭ͕ ŐƌĂĚƵĂůůLJĚĞĐƌĞĂƐŝŶŐŽǀĞƌ ƐĞǀĞƌĂůĚĞĐĂĚĞƐƚŽĂŶƵůƚŝŵĂƚĞ ƌĂƚĞŽĨϯ͘ϴйŝŶĨŝƐĐĂůLJĞĂƌϮϬϳϲ ĂŶĚůĂƚĞƌLJĞĂƌƐ͘ ;ϭͿ ĞƌŝǀĞĚƵƐŝŶŐĂůWZ^DĞŵďĞƌƐŚŝƉĂƚĂĨŽƌĂůů&ƵŶĚƐ DŽƌƚĂůŝƚLJƌĂƚĞƐǁĞƌĞďĂƐĞĚŽŶƚŚĞĂůWZ^ĞĐĞŵďĞƌϮϬϭϳdžƉĞƌŝĞŶĐĞ^ƚƵĚLJ͕ǁŚŝĐŚĂƐƐƵŵĞĚĨƵƚƵƌĞŵŽƌƚĂůŝƚLJ ŝŵƉƌŽǀĞŵĞŶƚƐƵƐŝŶŐ^ŽĐŝĞƚLJŽĨĐƚƵĂƌŝĞƐ;^KͿ^ĐĂůĞ͘dŚĞdžƉĞƌŝĞŶĐĞ^ƚƵĚLJƌĞƉŽƌƚĐĂŶďĞŽďƚĂŝŶĞĚŽŶƚŚĞ ĂůWZ^ǁĞďƐŝƚĞƵŶĚĞƌ&ŽƌŵƐĂŶĚWƵďůŝĐĂƚŝŽŶƐ͘ dŚĞĂĐƚƵĂƌŝĂůĂƐƐƵŵƉƚŝŽŶƐƵƐĞĚŝŶƚŚĞ:ƵŶĞϯϬ͕ϮϬϮϬǀĂůƵĂƚŝŽŶǁĞƌĞďĂƐĞĚŽŶƚŚĞƌĞƐƵůƚƐŽĨĂŶĂĐƚƵĂƌŝĂů ĞdžƉĞƌŝĞŶĐĞƐƚƵĚLJĨŽƌƚŚĞƉĞƌŝŽĚ͘ ŚĂŶŐĞŽĨƐƐƵŵƉƚŝŽŶƐ dŚĞĚŝƐĐŽƵŶƚƌĂƚĞĂŶĚůŽŶŐͲƚĞƌŵĞdžƉĞĐƚĞĚƌĂƚĞŽĨƌĞƚƵƌŶŽŶKWƉůĂŶŝŶǀĞƐƚŵĞŶƚƐŽĨϱ͘ϱϬƉĞƌĐĞŶƚƵƐĞĚĨŽƌƚŚĞ :ƵŶĞϯϬ͕ϮϬϮϬǀĂůƵĂƚŝŽŶǁĂƐĚĞĐƌĞĂƐĞĚĨƌŽŵϲ͘ϬƉĞƌĐĞŶƚƵƐĞĚĨŽƌƚŚĞ:ƵŶĞϯϬ͕ϮϬϭϵǀĂůƵĂƚŝŽŶ͘dŚĞŝŶĨůĂƚŝŽŶ ĂƐƐƵŵƉƚŝŽŶǁĂƐĐŚĂŶŐĞĚĨƌŽŵϮ͘ϱϬƉĞƌĐĞŶƚƵƐĞĚĨŽƌƚŚĞ:ƵŶĞϯϬ͕ϮϬϮϬǀĂůƵĂƚŝŽŶƚŽϮ͘ϮϱƉĞƌĐĞŶƚƵƐĞĚĨŽƌƚŚĞ :ƵŶĞϯϬ͕ϮϬϭϵǀĂůƵĂƚŝŽŶ͘ĚĚŝƚŝŽŶĂůůLJ͕ŚĞĂůƚŚĐĂƌĞƚƌĞŶĚƌĂƚĞƐǁĞƌĞƌĞƐĞƚƚŽƌĞĨůĞĐƚƵƉĚĂƚĞĚĐŽƐƚŝŶĐƌĞĂƐĞ ĞdžƉĞĐƚĂƚŝŽŶƐ͘ ŝƐĐŽƵŶƚZĂƚĞ dŚĞĚŝƐĐŽƵŶƚƌĂƚĞƵƐĞĚƚŽŵĞĂƐƵƌĞƚŚĞƚŽƚĂůKWůŝĂďŝůŝƚLJǁĂƐϱ͘ϱϬƉĞƌĐĞŶƚĨŽƌƚŚĞWůĂŶ͘dŚĞƉƌŽũĞĐƚŝŽŶŽĨĐĂƐŚ ĨůŽǁƐƵƐĞĚƚŽĚĞƚĞƌŵŝŶĞƚŚĞĚŝƐĐŽƵŶƚƌĂƚĞĂƐƐƵŵĞĚƚŚĂƚƚŚĞŝƚLJĐŽŶƚƌŝďƵƚŝŽŶǁŝůůďĞŵĂĚĞĂƚƌĂƚĞƐĞƋƵĂůƚŽƚŚĞ ĂĐƚƵĂƌŝĂůůLJĚĞƚĞƌŵŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶƌĂƚĞƐ͘ 412  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϲϬ ŚĂŶŐĞƐŝŶEĞƚKW>ŝĂďŝůŝƚLJ͗  dŚĞĐŚĂŶŐĞƐŝŶƚŚĞŶĞƚKWůŝĂďŝůŝƚLJͬ;ĂƐƐĞƚͿĨŽƌƚŚĞWůĂŶĂƐŽĨƚŚĞŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞ:ƵŶĞϯϬ͕ϮϬϮϬĂƌĞĂƐ ĨŽůůŽǁƐ͗  dŽƚĂůKW WůĂŶ&ŝĚƵĐŝĂƌLJ EĞƚKW >ŝĂďŝůŝƚLJ EĞƚWŽƐŝƚŝŽŶ >ŝĂďŝůŝƚLJͬ;ƐƐĞƚͿ ĂůĂŶĐĞĂƚ:ƵŶĞϯϬ͕ϮϬϮϬ ϭ͕ϱϴϬ͕ϳϰϬΨ ϭ͕ϲϮϳ͕ϳϵϮΨ ;ϰϳ͕ϬϱϮͿΨ ŚĂŶŐĞƐŝŶƚŚĞLJĞĂƌ ^ĞƌǀŝĐĞĐŽƐƚ ϴϴ͕Ϯϭϵ Ͳ ϴϴ͕Ϯϭϵ /ŶƚĞƌĞƐƚ ϵϳ͕ϭϴϯ Ͳ ϵϳ͕ϭϴϯ ŝĨĨĞƌĞŶĐĞƐďĞƚǁĞĞŶĞdžƉĞĐƚĞĚ ĂŶĚĂĐƚƵĂůĞdžƉĞƌŝĞŶĐĞ ϭϬϯ͕ϰϵϱ Ͳ Ͳ ŚĂŶŐĞƐŽĨĂƐƐƵŵƉƚŝŽŶƐ ϰϰ͕ϰϲϰ Ͳ ϰϰ͕ϰϲϰ EĞƚŝŶǀĞƐƚŵĞŶƚŝŶĐŽŵĞ Ͳ ϴϴ͕ϬϱϮ ;ϴϴ͕ϬϱϮͿ ŵƉůŽLJĞƌĐŽŶƚƌŝďƵƚŝŽŶƐ Ͳ ϵϴ͕ϰϵϬ ;ϵϴ͕ϰϵϬͿ ĞŶĞĨŝƚƉĂLJŵĞŶƚƐ ;ϵϴ͕ϰϵϬͿ ;ϵϴ͕ϰϵϬͿ Ͳ ĚŵŝŶŝƐƚƌĂƚŝǀĞĞdžƉĞŶƐĞ Ͳ ;ϴϬϯͿ ϴϬϯ EĞƚĐŚĂŶŐĞƐ Ϯϯϰ͕ϴϳϭ ϴϳ͕Ϯϰϵ ϭϰϳ͕ϲϮϮ ĂůĂŶĐĞĂƚ:ƵŶĞϯϬ͕ϮϬϮϭ ϭ͕ϴϭϱ͕ϲϭϭΨ ϭ͕ϳϭϱ͕ϬϰϭΨ ϭϬϬ͕ϱϳϬΨ  ^ĞŶƐŝƚŝǀŝƚLJŽĨƚŚĞEĞƚKW>ŝĂďŝůŝƚLJƚŽŚĂŶŐĞƐŝŶƚŚĞŝƐĐŽƵŶƚZĂƚĞ  dŚĞĨŽůůŽǁŝŶŐƉƌĞƐĞŶƚƐƚŚĞŶĞƚKWůŝĂďŝůŝƚLJŽĨƚŚĞŝƚLJ͕ĂƐǁĞůůĂƐǁŚĂƚƚŚĞŝƚLJ͛ƐŶĞƚKWůŝĂďŝůŝƚLJǁŽƵůĚďĞŝĨŝƚ ǁĞƌĞĐĂůĐƵůĂƚĞĚƵƐŝŶŐĂĚŝƐĐŽƵŶƚƌĂƚĞƚŚĂƚŝƐϭͲƉĞƌĐĞŶƚĂŐĞͲƉŽŝŶƚůŽǁĞƌ;ϰ͘ϱϬƉĞƌĐĞŶƚͿŽƌϭͲƉĞƌĐĞŶƚĂŐĞͲƉŽŝŶƚ ŚŝŐŚĞƌ;ϲ͘ϱϬƉĞƌĐĞŶƚͿƚŚĂŶƚŚĞĐƵƌƌĞŶƚĚŝƐĐŽƵŶƚƌĂƚĞ͗  ϭйĞĐƌĞĂƐĞ ŝƐĐŽƵŶƚZĂƚĞ ϭй/ŶĐƌĞĂƐĞ ;ϰ͘ϱϬйͿ ;ϱ͘ϱϬйͿ ;ϲ͘ϱϬйͿ EĞƚKW>ŝĂďŝůŝƚLJͬ;ƐƐĞƚͿ ϯϮϲ͕ϯϬϮΨ ϭϬϬ͕ϱϳϬΨ ;ϴϴ͕ϭϰϴͿΨ  ^ĞŶƐŝƚŝǀŝƚLJŽĨƚŚĞEĞƚKW>ŝĂďŝůŝƚLJƚŽŚĂŶŐĞƐŝŶƚŚĞ,ĞĂůƚŚĐĂƌĞŽƐƚdƌĞŶĚZĂƚĞƐ  dŚĞĨŽůůŽǁŝŶŐƉƌĞƐĞŶƚƐƚŚĞŶĞƚKWůŝĂďŝůŝƚLJŽĨƚŚĞŝƚLJ͕ĂƐǁĞůůĂƐǁŚĂƚƚŚĞŝƚLJΖƐŶĞƚKWůŝĂďŝůŝƚLJǁŽƵůĚďĞŝĨŝƚ ǁĞƌĞĐĂůĐƵůĂƚĞĚƵƐŝŶŐŚĞĂůƚŚĐĂƌĞĐŽƐƚƚƌĞŶĚƌĂƚĞƐƚŚĂƚĂƌĞϭͲƉĞƌĐĞŶƚĂŐĞͲƉŽŝŶƚůŽǁĞƌ;ϱ͘ϳƉĞƌĐĞŶƚĚĞĐƌĞĂƐŝŶŐƚŽ Ϯ͘ϴƉĞƌĐĞŶƚͿŽƌϭͲƉĞƌĐĞŶƚĂŐĞͲƉŽŝŶƚŚŝŐŚĞƌ;ϳ͘ϳƉĞƌĐĞŶƚĚĞĐƌĞĂƐŝŶŐƚŽϰ͘ϴƉĞƌĐĞŶƚͿƚŚĂŶƚŚĞĐƵƌƌĞŶƚŚĞĂůƚŚĐĂƌĞ ĐŽƐƚƚƌĞŶĚƌĂƚĞƐ͗  ϭйĞĐƌĞĂƐĞ ƵƌƌĞŶƚdƌĞŶĚZĂƚĞ ϭй/ŶĐƌĞĂƐĞ ;ϱ͘ϳйĚĞĐƌĞĂƐŝŶŐ ;ϲ͘ϳйĚĞĐƌĞĂƐŝŶŐ ;ϳ͘ϳйĚĞĐƌĞĂƐŝŶŐ ƚŽϮ͘ϴйͿ ƚŽϯ͘ϴйͿ ƚŽϰ͘ϴйͿ EĞƚKW>ŝĂďŝůŝƚLJͬ;ƐƐĞƚͿ ;ϭϭϵ͕ϰϱϭͿΨ ϭϬϬ͕ϱϳϬΨ ϯϳϭ͕ϬϬϰΨ 413 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϲϭ &ŽƌƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŝƚLJƌĞĐŽŐŶŝnjĞĚKWĞdžƉĞŶƐĞŽĨΨϭϭϱ͕ϲϭϵ͘ƚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŝƚLJ ƌĞƉŽƌƚĞĚĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐĂŶĚĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽKWĨƌŽŵƚŚĞĨŽůůŽǁŝŶŐ ƐŽƵƌĐĞƐ͗ ĞĨĞƌƌĞĚ ĞĨĞƌƌĞĚ KƵƚĨůŽǁƐŽĨ /ŶĨůŽǁƐŽĨ ZĞƐŽƵƌĐĞƐ ZĞƐŽƵƌĐĞƐ KWĐŽŶƚƌŝďƵƚŝŽŶƐƐƵďƐĞƋƵĞŶƚƚŽŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞ ϴϵ͕ϵϰϳΨ ͲΨ  ŚĂŶŐĞƐŝŶĂƐƐƵŵƉƚŝŽŶƐ ϯϵ͕ϵϬϰϰϭ͕ϭϱϴ ŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶĞdžƉĞĐƚĞĚĂŶĚĂĐƚƵĂůůŝĂďŝůŝƚLJ ϭϰϭ͕ϯϴϴ Ͳ EĞƚĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶƉƌŽũĞĐƚĞĚĂŶĚŝŶǀĞƐƚŵĞŶƚĞĂƌŶŝŶŐƐ Ϯϭ͕ϲϵϬͲ dŽƚĂů ϮϵϮ͕ϵϮϵΨ ϰϭ͕ϭϱϴΨ  dŚĞΨϴϵ͕ϵϰϳƌĞƉŽƌƚĞĚĂƐĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽKWƌĞƐƵůƚŝŶŐĨƌŽŵŝƚLJĐŽŶƚƌŝďƵƚŝŽŶƐ ƐƵďƐĞƋƵĞŶƚƚŽƚŚĞŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞǁŝůůďĞƌĞĐŽŐŶŝnjĞĚĂƐĂƌĞĚƵĐƚŝŽŶŽĨƚŚĞŶĞƚKWůŝĂďŝůŝƚLJĨŽƌƚŚĞĨŝƐĐĂů LJĞĂƌĞŶĚŝŶŐ:ƵŶĞϯϬ͕ϮϬϮϮ͘KƚŚĞƌĂŵŽƵŶƚƐƌĞƉŽƌƚĞĚĂƐĚĞĨĞƌƌĞĚŽƵƚĨůŽǁƐŽƌĚĞĨĞƌƌĞĚŝŶĨůŽǁƐŽĨƌĞƐŽƵƌĐĞƐ ƌĞůĂƚĞĚƚŽKWǁŝůůďĞƌĞĐŽŐŶŝnjĞĚŝŶĂƐKWĞdžƉĞŶƐĞĂƐĨŽůůŽǁƐ͗ Ϯϳ͕ϬϱϴΨ  Ϯϳ͕Ϭϱϴ ϭϱ͕ϯϴϴ ϭϴ͕ϰϵϴ ϭϲ͕ϱϳϴ ϱϳ͕Ϯϰϰ ϭϲϭ͕ϴϮϰΨ  ϮϬϮϲ dŚĞƌĞĂĨƚĞƌ dŽƚĂů zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ ϮϬϮϱ EŽƚĞϭϭͲ ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚ /ŶƚŚĞĨŝƐĐĂůLJĞĂƌϮϬϭϵ͕ƚŚĞŝƚLJŽƵŶĐŝůĂƉƉƌŽǀĞĚƚŚĞĐƌĞĂƚŝŽŶŽĨĂ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚŐƌĞĞŵĞŶƚǁŝƚŚh͘^ĂŶŬ EĂƚŝŽŶĂůƐƐŽĐŝĂƚŝŽŶ͕ĂŶĚWƵďůŝĐŐĞŶĐLJZĞƚŝƌĞŵĞŶƚ^ĞƌǀŝĐĞƐ;WZ^Ϳ͕dƌƵƐƚĚŵŝŶŝƐƚƌĂƚŽƌ͘dŚĞ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚ ǁĂƐĞƐƚĂďůŝƐŚĞĚĂƐĂŵĞĂŶƐƚŽƐĞƚĂƐŝĚĞŵŽŶŝĞƐƚŽĨƵŶĚƚŚĞŝƚLJ͛ƐƉĞŶƐŝŽŶĂŶĚKWŽďůŝŐĂƚŝŽŶƐ͘ŽŶƚƌŝďƵƚŝŽŶƐ ƚŽƚŚĞ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚĂƌĞŝƌƌĞǀŽĐĂďůĞ͕ƚŚĞĂƐƐĞƚƐĂƌĞĚĞĚŝĐĂƚĞĚƚŽƉƌŽǀŝĚŝŶŐďĞŶĞĨŝƚƐƚŽƉůĂŶŵĞŵďĞƌ͕ĂŶĚƚŚĞ ĂƐƐĞƚƐĂƌĞƉƌŽƚĞĐƚĞĚĨƌŽŵĐƌĞĚŝƚŽƌƐŽĨƚŚĞŝƚLJ͘dŚĞƉƵƌƉŽƐĞŽĨƚŚĞĐƌĞĂƚŝŽŶŽĨƚŚĞƐĞĐƚŝŽŶϭϭϱdƌƵƐƚǁĂƐƚŽ ĂĚĚƌĞƐƐƚŚĞŝƚLJ͛ƐƉĞŶƐŝŽŶŽďůŝŐĂƚŝŽŶƐďLJĂĐĐƵŵƵůĂƚŝŶŐĂƐƐĞƚƐƚŽƌĞĚƵĐĞƚŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ͘,ŽǁĞǀĞƌ͕ŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚĂĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐ͕ƚŚĞĂƐƐĞƚƐŝŶƚŚĞ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚĂƌĞŶŽƚĐŽŶƐŝĚĞƌĞĚ ƚŽŚĂǀĞƉƌĞƐĞŶƚƐĞƌǀŝĐĞĐĂƉĂĐŝƚLJĂƐƉůĂŶĂƐƐĞƚƐĂŶĚĂƌĞƚŚĞƌĞĨŽƌĞĐŽŶƐŝĚĞƌĞĚƌĞƐƚƌŝĐƚĞĚĂƐƐĞƚƐŽĨƚŚĞŝƚLJƌĂƚŚĞƌ ƚŚĂŶƉĞŶƐŝŽŶƉůĂŶĂƐƐĞƚƐ͘ĐĐŽƌĚŝŶŐůLJ͕ƚŚĞ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚ͛ƐĂƐƐĞƚƐĂƌĞƌĞĐŽƌĚĞĚĂƐƌĞƐƚƌŝĐƚĞĚĨŽƌƉĞŶƐŝŽŶ ďĞŶĞĨŝƚƐŝŶƚŚĞŝƚLJ͛Ɛ'ĞŶĞƌĂů&ƵŶĚƌĂƚŚĞƌƚŚĂŶĂƐƐĞƚƐŽĨƚŚĞƉĞŶƐŝŽŶƉůĂŶĚƵƌŝŶŐƚŚĞŵĞĂƐƵƌĞŵĞŶƚŽĨƚŚĞŶĞƚ ƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ͘dŚĞĂƐƐĞƚƐŚĞůĚŝŶƚƌƵƐƚǁŝůůďĞĐŽŶƐŝĚĞƌĞĚƉĞŶƐŝŽŶƉůĂŶĂƐƐĞƚƐĂƚƚŚĞƚŝŵĞƚŚĞLJĂƌĞƚƌĂŶƐĨĞƌƌĞĚ ŽƵƚŽĨƚŚĞdƌƵƐƚŝŶƚŽƚŚĞƉĞŶƐŝŽŶƉůĂŶ͘ dŚĞďĂůĂŶĐĞŝŶƚŚĞdƌƵƐƚĨŽƌƚŚĞĨŝƐĐĂůLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭǁĂƐΨϭϭ͕ϯϴϭ͕ϵϮϮ͘dŚĞŝƚLJĐƵƌƌĞŶƚůLJĨƵŶĚƐŝƚƐ KWŽďůŝŐĂƚŝŽŶƐƚŚƌŽƵŐŚƚŚĞZdƉƌŽŐƌĂŵ͕ĂŶĚĂůƚŚŽƵŐŚƚŚĞ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚŝƐĂďůĞƚŽĂĐĐĞƉƚKWĨƵŶĚƐ͕ ƚŚĞŝƚLJŚĂƐŶŽŝŵŵĞĚŝĂƚĞƉůĂŶƐƚŽĨƵŶĚKWŽďůŝŐĂƚŝŽŶƐƚŚƌŽƵŐŚƚŚĞ^ĞĐƚŝŽŶϭϭϱdƌƵƐƚ͘ 414  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϲϮ EŽƚĞϭϮͲ ZŝƐŬDĂŶĂŐĞŵĞŶƚ  ĞƐĐƌŝƉƚŝŽŶŽĨ^ĞůĨͲ/ŶƐƵƌĂŶĐĞWŽŽůWƵƌƐƵĂŶƚƚŽ:ŽŝŶƚWŽǁĞƌƐŐƌĞĞŵĞŶƚ  dŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂŝƐĂŵĞŵďĞƌŽĨƚŚĞĂůŝĨŽƌŶŝĂ:ŽŝŶƚWŽǁĞƌƐ/ŶƐƵƌĂŶĐĞƵƚŚŽƌŝƚLJ;ƵƚŚŽƌŝƚLJͿ͘dŚĞƵƚŚŽƌŝƚLJŝƐ ĐŽŵƉŽƐĞĚŽĨϭϮϯĂůŝĨŽƌŶŝĂƉƵďůŝĐĞŶƚŝƚŝĞƐĂŶĚŝƐŽƌŐĂŶŝnjĞĚƵŶĚĞƌĂũŽŝŶƚƉŽǁĞƌƐĂŐƌĞĞŵĞŶƚƉƵƌƐƵĂŶƚƚŽ ĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞΑϲϱϬϬĞƚƐĞƋ͘dŚĞƉƵƌƉŽƐĞŽĨƚŚĞƵƚŚŽƌŝƚLJŝƐƚŽĂƌƌĂŶŐĞĂŶĚĂĚŵŝŶŝƐƚĞƌƉƌŽŐƌĂŵƐ ĨŽƌƚŚĞƉŽŽůŝŶŐŽĨƐĞůĨŝŶƐƵƌĞĚůŽƐƐĞƐ͕ƚŽƉƵƌĐŚĂƐĞĞdžĐĞƐƐŝŶƐƵƌĂŶĐĞŽƌƌĞŝŶƐƵƌĂŶĐĞ͕ĂŶĚƚŽĂƌƌĂŶŐĞĨŽƌŐƌŽƵƉ ƉƵƌĐŚĂƐĞĚŝŶƐƵƌĂŶĐĞĨŽƌƉƌŽƉĞƌƚLJĂŶĚŽƚŚĞƌůŝŶĞƐŽĨĐŽǀĞƌĂŐĞ͘dŚĞĂůŝĨŽƌŶŝĂ:W/ďĞŐĂŶĐŽǀĞƌŝŶŐĐůĂŝŵƐŽĨ ŝƚƐŵĞŵďĞƌƐŝŶϭϵϳϴ͘ĂĐŚŵĞŵďĞƌŐŽǀĞƌŶŵĞŶƚŚĂƐĂŶĞůĞĐƚĞĚŽĨĨŝĐŝĂůĂƐŝƚƐƌĞƉƌĞƐĞŶƚĂƚŝǀĞŽŶƚŚĞ ŽĂƌĚŽĨŝƌĞĐƚŽƌƐ͘dŚĞŽĂƌĚŽƉĞƌĂƚĞƐƚŚƌŽƵŐŚĂŶŝŶĞͲŵĞŵďĞƌdžĞĐƵƚŝǀĞŽŵŵŝƚƚĞĞ͘  ^ĞůĨͲ/ŶƐƵƌĂŶĐĞWƌŽŐƌĂŵƐŽĨƚŚĞ:W/  ĂĐŚŵĞŵďĞƌƉĂLJƐĂŶĂŶŶƵĂůĐŽŶƚƌŝďƵƚŝŽŶĂƚƚŚĞďĞŐŝŶŶŝŶŐŽĨƚŚĞĐŽǀĞƌĂŐĞƉĞƌŝŽĚ͘ƌĞƚƌŽƐƉĞĐƚŝǀĞĂĚũƵƐƚŵĞŶƚ ŝƐƚŚĞŶĐŽŶĚƵĐƚĞĚĂŶŶƵĂůůLJƚŚĞƌĞĂĨƚĞƌ͕ĨŽƌĐŽǀĞƌĂŐĞLJĞĂƌƐϮϬϭϮͲϭϯĂŶĚƉƌŝŽƌ͘ŽǀĞƌĂŐĞLJĞĂƌƐϮϬϭϯͲϭϰĂŶĚ ĨŽƌǁĂƌĚĂƌĞŶŽƚƐƵďũĞĐƚƚŽƌŽƵƚŝŶĞĂŶŶƵĂůƌĞƚƌŽƐƉĞĐƚŝǀĞĂĚũƵƐƚŵĞŶƚ͘dŚĞƚŽƚĂůĨƵŶĚŝŶŐƌĞƋƵŝƌĞŵĞŶƚĨŽƌƐĞůĨͲ ŝŶƐƵƌĂŶĐĞƉƌŽŐƌĂŵƐŝƐďĂƐĞĚŽŶĂĐƚƵĂƌŝĂůĂŶĂůLJƐŝƐ͘ŽƐƚƐĂƌĞĂůůŽĐĂƚĞĚƚŽŝŶĚŝǀŝĚƵĂůĂŐĞŶĐŝĞƐďĂƐĞĚŽŶƉĂLJƌŽůů ĂŶĚĐůĂŝŵƐŚŝƐƚŽƌLJ͕ƌĞůĂƚŝǀĞƚŽŽƚŚĞƌŵĞŵďĞƌƐŽĨƚŚĞƌŝƐŬͲƐŚĂƌŝŶŐƉŽŽů͘  WƌŝŵĂƌLJ>ŝĂďŝůŝƚLJWƌŽŐƌĂŵ  ůĂŝŵƐĂƌĞƉŽŽůĞĚƐĞƉĂƌĂƚĞůLJďĞƚǁĞĞŶƉŽůŝĐĞĂŶĚŐĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚĞdžƉŽƐƵƌĞƐ͘;ϭͿdŚĞƉĂLJƌŽůůŽĨĞĂĐŚ ŵĞŵďĞƌŝƐĞǀĂůƵĂƚĞĚƌĞůĂƚŝǀĞƚŽƚŚĞƉĂLJƌŽůůŽĨŽƚŚĞƌŵĞŵďĞƌƐ͘ǀĂƌŝĂďůĞĐƌĞĚŝďŝůŝƚLJĨĂĐƚŽƌŝƐĚĞƚĞƌŵŝŶĞĚĨŽƌ ĞĂĐŚŵĞŵďĞƌ͕ǁŚŝĐŚĞƐƚĂďůŝƐŚĞƐƚŚĞǁĞŝŐŚƚĂƉƉůŝĞĚƚŽƉĂLJƌŽůůĂŶĚƚŚĞǁĞŝŐŚƚĂƉƉůŝĞĚƚŽůŽƐƐĞƐǁŝƚŚŝŶƚŚĞ ĨŽƌŵƵůĂ͘;ϮͿdŚĞĨŝƌƐƚůĂLJĞƌŽĨůŽƐƐĞƐŝŶĐůƵĚĞƐŝŶĐƵƌƌĞĚĐŽƐƚƐƵƉƚŽΨϭϬϬ͕ϬϬϬĨŽƌĞĂĐŚŽĐĐƵƌƌĞŶĐĞĂŶĚŝƐĞǀĂůƵĂƚĞĚ ĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞƉŽŽů͛ƐƚŽƚĂůŝŶĐƵƌƌĞĚĐŽƐƚƐǁŝƚŚŝŶƚŚĞĨŝƌƐƚůĂLJĞƌ͘;ϯͿdŚĞƐĞĐŽŶĚůĂLJĞƌŽĨůŽƐƐĞƐŝŶĐůƵĚĞƐ ŝŶĐƵƌƌĞĚĐŽƐƚƐĨƌŽŵΨϭϬϬ͕ϬϬϬƚŽΨϱϬϬ͕ϬϬϬĨŽƌĞĂĐŚŽĐĐƵƌƌĞŶĐĞĂŶĚŝƐĞǀĂůƵĂƚĞĚĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞƉŽŽů͛Ɛ ƚŽƚĂůŝŶĐƵƌƌĞĚĐŽƐƚƐǁŝƚŚŝŶƚŚĞƐĞĐŽŶĚůĂLJĞƌ͘;ϰͿ/ŶĐƵƌƌĞĚĐŽƐƚƐĨƌŽŵΨϱϬϬ͕ϬϬϬƚŽΨϱϬŵŝůůŝŽŶ͕ĂƌĞĚŝƐƚƌŝďƵƚĞĚ ďĂƐĞĚŽŶƚŚĞŽƵƚĐŽŵĞŽĨĐŽƐƚĂůůŽĐĂƚŝŽŶǁŝƚŚŝŶƚŚĞĨŝƌƐƚĂŶĚƐĞĐŽŶĚůŽƐƐůĂLJĞƌƐ͘  dŚĞŽǀĞƌĂůůĐŽǀĞƌĂŐĞůŝŵŝƚĨŽƌĞĂĐŚŵĞŵďĞƌ͕ŝŶĐůƵĚŝŶŐĂůůůĂLJĞƌƐŽĨĐŽǀĞƌĂŐĞ͕ŝƐΨϱϬŵŝůůŝŽŶƉĞƌŽĐĐƵƌƌĞŶĐĞ͘ ^ƵďƐŝĚĞŶĐĞůŽƐƐĞƐĂůƐŽŚĂǀĞĂΨϱϬŵŝůůŝŽŶƉĞƌŽĐĐƵƌƌĞŶĐĞůŝŵŝƚ͘dŚĞĐŽǀĞƌĂŐĞƐƚƌƵĐƚƵƌĞŝƐĐŽŵƉŽƐĞĚŽĨĂ ĐŽŵďŝŶĂƚŝŽŶŽĨƉŽŽůĞĚƐĞůĨͲŝŶƐƵƌĂŶĐĞ͕ƌĞŝŶƐƵƌĂŶĐĞ͕ĂŶĚĞdžĐĞƐƐŝŶƐƵƌĂŶĐĞ͘  tŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶ  ůĂŝŵƐĂƌĞƉŽŽůĞĚƐĞƉĂƌĂƚĞůLJďĞƚǁĞĞŶƉƵďůŝĐƐĂĨĞƚLJ;ƉŽůŝĐĞĂŶĚĨŝƌĞͿĂŶĚŐĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚĞdžƉŽƐƵƌĞƐ͘;ϭͿdŚĞ ƉĂLJƌŽůůŽĨĞĂĐŚŵĞŵďĞƌŝƐĞǀĂůƵĂƚĞĚƌĞůĂƚŝǀĞƚŽƚŚĞƉĂLJƌŽůůŽĨŽƚŚĞƌŵĞŵďĞƌƐ͘ǀĂƌŝĂďůĞĐƌĞĚŝďŝůŝƚLJĨĂĐƚŽƌŝƐ ĚĞƚĞƌŵŝŶĞĚĨŽƌĞĂĐŚŵĞŵďĞƌ͕ǁŚŝĐŚĞƐƚĂďůŝƐŚĞƐƚŚĞǁĞŝŐŚƚĂƉƉůŝĞĚƚŽƉĂLJƌŽůůĂŶĚƚŚĞǁĞŝŐŚƚĂƉƉůŝĞĚƚŽůŽƐƐĞƐ ǁŝƚŚŝŶƚŚĞĨŽƌŵƵůĂ͘;ϮͿdŚĞĨŝƌƐƚůĂLJĞƌŽĨůŽƐƐĞƐŝŶĐůƵĚĞƐŝŶĐƵƌƌĞĚĐŽƐƚƐƵƉƚŽΨϳϱ͕ϬϬϬĨŽƌĞĂĐŚŽĐĐƵƌƌĞŶĐĞĂŶĚŝƐ ĞǀĂůƵĂƚĞĚĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞƉŽŽů͛ƐƚŽƚĂůŝŶĐƵƌƌĞĚĐŽƐƚƐǁŝ ƚŚŝŶƚŚĞĨŝƌƐƚůĂLJĞƌ͘;ϯͿdŚĞƐĞĐŽŶĚůĂLJĞƌŽĨůŽƐƐĞƐ ŝŶĐůƵĚĞƐŝŶĐƵƌƌĞĚĐŽƐƚƐĨƌŽŵΨϳϱ͕ϬϬϬƚŽΨϮϬϬ͕ϬϬϬĨŽƌĞĂĐŚŽĐĐƵƌƌĞŶĐĞĂŶĚŝƐĞǀĂůƵĂƚĞĚĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞ ƉŽŽů͛ƐƚŽƚĂůŝŶĐƵƌƌĞĚĐŽƐƚƐǁŝƚŚŝŶƚŚĞƐĞĐŽŶĚůĂLJĞƌ͘;ϰͿ/ŶĐƵƌƌĞĚĐŽƐƚƐĨƌŽŵΨϮϬϬ͕ϬϬϬƚŽƐƚĂƚƵƚŽƌLJůŝŵŝƚƐĂƌĞ ĚŝƐƚƌŝďƵƚĞĚďĂƐĞĚŽŶƚŚĞŽƵƚĐŽŵĞŽĨĐŽƐƚĂůůŽĐĂƚŝŽŶǁŝƚŚŝŶƚŚĞĨŝƌƐƚĂŶĚƐĞĐŽŶĚůŽƐƐůĂLJĞƌƐ͘  415  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϲϯ &ŽƌϮϬϮϬͲϮϭƚŚĞƵƚŚŽƌŝƚLJ͛ƐƉŽŽůĞĚƌĞƚĞŶƚŝŽŶŝƐΨϭŵŝůůŝŽŶƉĞƌŽĐĐƵƌƌĞŶĐĞ͕ǁŝƚŚƌĞŝŶƐƵƌĂŶĐĞƚŽƐƚĂƚƵƚŽƌLJůŝŵŝƚƐ ƵŶĚĞƌĂůŝĨŽƌŶŝĂtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶ>Ăǁ͘ŵƉůŽLJĞƌ͛Ɛ>ŝĂďŝůŝƚLJůŽƐƐĞƐĂƌĞƉŽŽůĞĚĂŵŽŶŐŵĞŵďĞƌƐƚŽΨϭ ŵŝůůŝŽŶ͘ŽǀĞƌĂŐĞĨƌŽŵΨϭŵŝůůŝŽŶƚŽΨϱŵŝůůŝŽŶŝƐƉƵƌĐŚĂƐĞĚƚŚƌŽƵŐŚƌĞŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐ͕ĂŶĚŵƉůŽLJĞƌ͛Ɛ >ŝĂďŝůŝƚLJůŽƐƐĞƐĨƌŽŵΨϱŵŝůůŝŽŶƚŽΨϭϬŵŝůůŝŽŶĂƌĞƉŽŽůĞĚĂŵŽŶŐŵĞŵďĞƌƐ͘  WƵƌĐŚĂƐĞĚ/ŶƐƵƌĂŶĐĞ  WŽůůƵƚŝŽŶ>ĞŐĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞʹdŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂƉĂƌƚŝĐŝƉĂƚĞƐŝŶƚŚĞƉŽůůƵƚŝŽŶůĞŐĂůůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞ ƉƌŽŐƌĂŵǁŚŝĐŚŝƐĂǀĂŝůĂďůĞƚŚƌŽƵŐŚƚŚĞƵƚŚŽƌŝƚLJ͘dŚĞƉŽůŝĐLJĐŽǀĞƌƐƐƵĚĚĞŶĂŶĚŐƌĂĚƵĂůƉŽůůƵƚŝŽŶŽĨƐĐŚĞĚƵůĞĚ ƉƌŽƉĞƌƚLJ͕ƐƚƌĞĞƚƐ͕ĂŶĚƐƚŽƌŵƐĚƌĂŝŶƐŽǁŶĞĚďLJƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂ͘ŽǀĞƌĂŐĞŝƐŽŶĂĐůĂŝŵƐͲŵĂĚĞďĂƐŝƐ͘dŚĞƌĞŝƐ ĂΨϮϱϬ͕ϬϬϬĚĞĚƵĐƚŝďůĞ͘dŚĞƵƚŚŽƌŝƚLJŚĂƐĂŶĂŐŐƌĞŐĂƚĞůŝŵŝƚŽĨΨϮϬŵŝůůŝŽŶƚĞƌŵ͘  WƌŽƉĞƌƚLJ/ŶƐƵƌĂŶĐĞʹdŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂƉĂƌƚŝĐŝƉĂƚĞƐŝŶƚŚĞĂůůͲƌŝƐŬƉƌŽƉĞƌƚLJƉƌŽƚĞĐƚŝŽŶƉƌŽŐƌĂŵŽĨƚŚĞ:W/͘ dŚŝƐŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŽŶŝƐƵŶĚĞƌǁƌŝƚƚĞŶďLJƐĞǀĞƌĂůŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶŝĞƐ͘ŝƚLJŽĨ>ĂYƵŝŶƚĂƉƌŽƉĞƌƚLJŝƐĐƵƌƌĞŶƚůLJ ŝŶƐƵƌĞĚĂĐĐŽƌĚŝŶŐƚŽĂƐĐŚĞĚƵůĞŽĨĐŽǀĞƌĞĚƉƌŽƉĞƌƚLJƐƵďŵŝƚƚĞĚďLJƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂƚŽƚŚĞ:W/͘ŝƚLJŽĨ>Ă YƵŝŶƚĂƉƌŽƉĞƌƚLJĐƵƌƌĞŶƚůLJŚĂƐĂůůͲƌŝƐŬƉƌŽƉĞƌƚLJŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŽŶŝŶƚŚĞĂŵŽƵŶƚŽĨΨϳϭ͕Ϯϯϲ͕ϰϬϯ͘dŚĞƌĞŝƐĂ ΨϭϬ͕ϬϬϬĚĞĚƵĐƚŝďůĞƉĞƌŽĐĐƵƌƌĞŶĐĞĞdžĐĞƉƚĨŽƌŶŽŶͲĞŵĞƌŐĞŶĐLJǀĞŚŝĐůĞŝŶƐƵƌĂŶĐĞǁŚŝĐŚŚĂƐĂΨϮ͕ϱϬϬĚĞĚƵĐƚŝďůĞ͘  ^ƉĞĐŝĂůǀĞŶƚdĞŶĂŶƚhƐĞƌ>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞʹdŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂĨƵƌƚŚĞƌƉƌŽƚĞĐƚƐĂŐĂŝŶƐƚůŝĂďŝůŝƚLJĚĂŵĂŐĞƐďLJ ƌĞƋƵŝƌŝŶŐƚĞŶĂŶƚƵƐĞƌƐŽĨĐĞƌƚĂŝŶƉƌŽƉĞƌƚLJƚŽƉƵƌĐŚĂƐĞůŽǁͲĐŽƐƚƚĞŶĂŶƚƵƐĞƌůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞĨŽƌĐĞƌƚĂŝŶ ĂĐƚŝǀŝƚŝĞƐŽŶĂŐĞŶĐLJƉƌŽƉĞƌƚLJ͘dŚĞŝŶƐƵƌĂŶĐĞƉƌĞŵŝƵŵŝƐƉĂŝĚďLJƚŚĞƚĞŶĂŶƚƵƐĞƌĂŶĚŝƐƉĂŝĚƚŽƚŚĞŝƚLJŽĨ>Ă YƵŝŶƚĂĂĐĐŽƌĚŝŶŐƚŽĂƐĐŚĞĚƵůĞ͘dŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂƚŚĞŶƉĂLJƐĨŽƌƚŚĞŝŶƐƵƌĂŶĐĞ͘dŚĞŝŶƐƵƌĂŶĐĞŝƐĨĂĐŝůŝƚĂƚĞĚďLJ ƚŚĞƵƚŚŽƌŝƚLJ͘  ĂƌƚŚƋƵĂŬĞĂŶĚ&ůŽŽĚ/ŶƐƵƌĂŶĐĞʹdŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂƉƵƌĐŚĂƐĞƐĞĂƌƚŚƋƵĂŬĞĂŶĚĨůŽŽĚŝŶƐƵƌĂŶĐĞŽŶĂƉŽƌƚŝŽŶ ŽĨŝƚƐƉƌŽƉĞƌƚLJ͘dŚĞĞĂƌƚŚƋƵĂŬĞŝŶƐƵƌĂŶĐĞŝƐƉĂƌƚŽĨƚŚĞƉƌŽƉĞƌƚLJƉƌŽƚĞĐƚŝŽŶŝŶƐƵƌĂŶĐĞƉƌŽŐƌĂŵŽĨƚŚĞƵƚŚŽƌŝƚLJ͘ ŝƚLJŽĨ>ĂYƵŝŶƚĂƉƌŽƉĞƌƚLJĐƵƌƌĞŶƚůLJŚĂƐĞĂƌƚŚƋƵĂŬĞƉƌŽƚĞĐƚŝŽŶŝŶƚŚĞĂŵŽƵŶƚŽĨΨϮϱ͕ϬϬϬ͕ϬϬϬ͘dŚĞƌĞŝƐ ĂĚĞĚƵĐƚŝďůĞŽĨϱйƉĞƌƵŶŝƚŽĨǀĂůƵĞǁŝƚŚĂŵŝŶŝŵƵŵĚĞĚƵĐƚŝďůĞŽĨΨϭϬϬ͕ϬϬϬ͘  ƌŝŵĞ/ŶƐƵƌĂŶĐĞʹdŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂƉƵƌĐŚĂƐĞƐĐƌŝŵĞŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĨƌŽŵdƌĂǀĞůĞƌƐĂƐƵĂůƚLJĂŶĚ^ƵƌĞƚLJ ŽŵƉĂŶLJŽĨŵĞƌŝĐĂ͘dŚĞƉŽůŝĐLJĐŽǀĞƌƐƚŚĞĨƚ͕ĨŽƌŐĞƌLJ͕ŝĚĞŶƚŝƚLJĨƌĂƵĚ͕ĐŽŵƉƵƚĞƌĐƌŝŵĞ͕ĂŶĚŵŽŶĞƚĂƌLJĨƌĂƵĚǁŝƚŚ ĂƐŝŶŐůĞůŽƐƐůŝŵŝƚŽĨΨϭ͕ϬϬϬ͕ϬϬϬĂŶĚĂĚĞĚƵĐƚŝďůĞŽĨΨϱ͕ϬϬϬƉĞƌŽĐĐƵƌƌĞŶĐĞ͘  LJďĞƌ/ŶĐŝĚĞŶƚ/ŶƐƵƌĂŶĐĞʹdŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂƉƵƌĐŚĂƐĞƐLJďĞƌ/ŶĐŝĚĞŶƚZĞƐƉŽŶƐĞŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞƚŚƌŽƵŐŚ ƚŚĞƵƚŚŽƌŝƚLJ͘dŚĞŵĂdžŝŵƵŵƐŝŶŐůĞůŝŵŝƚŽĨŝŶƐƵƌĂŶĐĞŝƐΨϭ͕ϬϬϬ͕ϬϬϬ  ĚĞƋƵĂĐLJŽĨWƌŽƚĞĐƚŝŽŶ  ƵƌŝŶŐƚŚĞƉĂƐƚƚŚƌĞĞĨŝƐĐĂůLJĞĂƌƐ͕ŶŽŶĞŽĨƚŚĞĂďŽǀĞƉƌŽŐƌĂŵƐŽĨƉƌŽƚĞĐƚŝŽŶĞdžƉĞƌŝĞŶĐĞĚƐĞƚƚůĞŵĞŶƚƐŽƌ ũƵĚŐŵĞŶƚƐƚŚĂƚĞdžĐĞĞĚĞĚƉŽŽůĞĚŽƌŝŶƐƵƌĞĚĐŽǀĞƌĂŐĞ͘   416  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϲϰ EŽƚĞϭϯͲ &ƵŶĚĂůĂŶĐĞ  &ƵŶĚĂůĂŶĐĞŽŵŵŝƚŵĞŶƚƐ  /ŶƚŚĞŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ĐŽŵŵŝƚƚĞĚƌĞƐĞƌǀĞƐŝŶĐůƵĚĞ͗  EĂƚƵƌĂůŝƐĂƐƚĞƌŵĞƌŐĞŶĐLJZĞƐĞƌǀĞƐ͗dŚĞƐĞĨƵŶĚƐŵĂLJďĞƵƐĞĚĨŽƌƚŚĞƉƌĞƉĂƌĂƚŝŽŶ͕ƌĞĐŽǀĞƌLJ͕ĂŶĚƌĞƐƚŽƌĂƚŝŽŶŽĨ ƐĞƌǀŝĐĞƐďĞĨŽƌĞ͕ĚƵƌŝŶŐĂŶĚͬŽƌĂĨƚĞƌĂŶĂƚƵƌĂůĚŝƐĂƐƚĞƌ;ƐƵĐŚĂƐĨůŽŽĚ͕ĞĂƌƚŚƋƵĂŬĞ͕ĞƚĐ͘ͿĂƐĚĞĨŝŶĞĚďLJŝƚLJŽĚĞ Ϯ͘ϮϬ͘ϬϮϬ͘  dŚĞƚĂƌŐĞƚŝƐΨϭϬ͕ϬϬϬ͕ϬϬϬĂŶĚǁŝůůďĞƌĞǀŝĞǁĞĚĞǀĞƌLJĨŝǀĞLJĞĂƌƐďLJĐŽŶĚƵĐƚŝŶŐĂƌŝƐŬĂŶĂůLJƐŝƐŽĨĂůůŝƚLJĂƐƐĞƚƐ͕ ŝŶƐƵƌĂŶĐĞůĞǀĞůƐ͕ĂŶĚƉŽƚĞŶƚŝĂůĨĞĚĞƌĂůͬƐƚĂƚĞĐŽŶƚƌŝďƵƚŝŽŶƐƚŽǁĂƌĚƐĚŝƐĂƐƚĞƌƌĞĐŽǀĞƌLJĞĨĨŽƌƚƐ͘&ŽƌƚŚĞLJĞĂƌĞŶĚĞĚ :ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŝƚLJŚĂƐĐŽŵŵŝƚƚĞĚΨϭϬ͕ϬϬϬ͕ϬϬϬĨŽƌƚŚŝƐƉƵƌƉŽƐĞ͘  ĐŽŶŽŵŝĐŽǁŶƚƵƌŶZĞƐĞƌǀĞƐ͗dŚĞƐĞĨƵŶĚƐŵĂLJďĞƵƐĞĚŝŶƐƵĐŚŝŶƐƚĂŶĐĞƐĂƐĂĚĞĐůĂƌĞĚŶĂƚŝŽŶĂů͕ƐƚĂƚĞ͕Žƌ ƌĞŐŝŽŶĂůƌĞĐĞƐƐŝŽŶ͖ůŽƐƐŽĨĂŵĂũŽƌ;ƚŽƉϭϬͿƌĞǀĞŶƵĞͲŐĞŶĞƌĂƚŝŶŐďƵƐŝŶĞƐƐ͖ŽƌĂŶĂƚƵƌĂůĚŝƐĂƐƚĞƌƌĞƐƵůƚŝŶŐŝŶĂ ƐŝŐŶŝĨŝĐĂŶƚĚĞĐůŝŶĞŝŶƌĞǀĞŶƵĞƐ͘dŚĞƐĞƌĞƐĞƌǀĞƐŵĂLJĂůƐŽďĞƵƐĞĚŝĨŽǀĞƌĂůůƌĞǀĞŶƵĞƐĚĞĐƌĞĂƐĞŽƌĞdžƉĞŶĚŝƚƵƌĞƐ ŝŶĐƌĞĂƐĞŵŽƌĞƚŚĂŶϭϬйŽĨƚŚĞƉƌĞǀŝŽƵƐLJĞĂƌ͛ƐĂĐƚƵĂůƌĞǀĞŶƵĞƐŽƌĞdžƉĞŶĚŝƚƵƌĞƐ͘  dŚĞƚĂƌŐĞƚŝƐΨϭϭ͕ϬϬϬ͕ϬϬϬ͕ďĂƐĞĚŽŶĂϭϬͲLJĞĂƌĂŶĂůLJƐŝƐŽĨƚŚĞƌĞǀĞŶƵĞƐĂŶĚĞdžƉĞŶĚŝƚƵƌĞĨůŽǁƐ;ǁŚŝĐŚŝŶĐůƵĚĞĚ ƚŚĞĨŝŶĂŶĐŝĂůŝŵƉĂĐƚƐŽĨƚŚĞ'ƌĞĂƚZĞĐĞƐƐŝŽŶͿ͘dŚĞƚĂƌŐĞƚǁŝůůďĞĞǀĂůƵĂƚĞĚĂŐĂŝŶŝŶƚŚĞĞǀĞŶƚŽĨĂŶŽƚŚĞƌ ƐŝŐŶŝĨŝĐĂŶƚĞĐŽŶŽŵŝĐĚŽǁŶƚƵƌŶ͘&ŽƌƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŝƚLJŚĂƐĐŽŵŵŝƚƚĞĚΨϭϭ͕ϬϬϬ͕ϬϬϬ͘  ĂƐŚ&ůŽǁZĞƐĞƌǀĞƐ͗dŚĞƐĞĨƵŶĚƐĂƌĞŵĂŝŶƚĂŝŶĞĚƚŽŚĂǀĞĂĚĞƋƵĂƚĞĐĂƐŚŽŶŚĂŶĚƚŽĂĐĐŽƵŶƚĨŽƌƚŚĞƵŶĞǀĞŶ ƌĞĐĞŝƉƚŽĨƌĞǀĞŶƵĞ͘&ŽƌĞdžĂŵƉůĞ͕ƉƌŽƉĞƌƚLJƚĂdžĂĐĐŽƵŶƚƐĨŽƌĂůĂƌŐĞƉĞƌĐĞŶƚĂŐĞŽĨĂŶŶƵĂůƌĞǀĞŶƵĞ͕ƚŚĞďƵůŬŽĨ ǁŚŝĐŚŝƐŶŽƚƌĞŵŝƚƚĞĚƵŶƚŝůĞĐĞŵďĞƌĂŶĚDĂLJŽĨĞĂĐŚLJĞĂƌ͘  dŚĞƚĂƌŐĞƚŝƐΨϱ͕ϬϬϬ͕ϬϬϬĂŶĚǁŝůůďĞĚĞƚĞƌŵŝŶĞĚĂŶŶƵĂůůLJďLJĂŶĂůLJnjŝŶŐƚŚĞƉƌŝŽƌĨŝƐĐĂůLJĞĂƌďLJŵŽŶƚŚĂŶĚ ĐĂůĐƵůĂƚŝŶŐƚŚĞůĂƌŐĞƐƚĐƵŵƵůĂƚŝǀĞĚĞĨŝĐŝƚďĞƚǁĞĞŶƌĞǀĞŶƵĞƐĂŶĚĞdžƉĞŶĚŝƚƵƌĞƐ͕ǁŝƚŚĂŵŝŶŝŵƵŵĞdžƉĞĐƚĂƚŝŽŶŽĨ ĂƉƉƌŽdžŝŵĂƚĞůLJϭϬйŽĨŽƉĞƌĂƚŝŶŐĞdžƉĞŶĚŝƚƵƌĞƐƌĞƐĞƌǀĞĚ͘dŚĞĐĂƐŚĨůŽǁƌĞƐĞƌǀĞŝƐĨƵůůLJĨƵŶĚĞĚĂƐŽĨ :ƵŶĞϯϬ͕ϮϬϮϭ͘  ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚZĞƐĞƌǀĞƐ͗dŚĞƐĞĨƵŶĚƐŵĂLJďĞƵƐĞĚĨŽƌĐĂƉŝƚĂůĂƐƐĞƚƐĂŶĚŝŶĨƌĂƐƚƌƵĐƚƵƌĞƌĞŚĂďŝůŝƚĂƚŝŽŶ͕ ŝŵƉƌŽǀĞŵĞŶƚ͕ĂŶĚƌĞƉůĂĐĞŵĞŶƚ͘  dŚĞƚĂƌŐĞƚŝƐΨϭϬ͕ϬϬϬ͕ϬϬϬĂŶĚŝƐďĂƐĞĚŽŶĂŶŶƵĂůĚĞƉƌĞĐŝĂƚŝŽŶŽĨĂƐƐĞƚƐ͘&ŽƌƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞ ŝƚLJŚĂƐĐŽŵŵŝƚƚĞĚΨϭϬ͕ϬϬϬ͕ϬϬϬ͘  ŽŵŵŝƚƚĞĚƚŽ&ŝƐĐĂůzĞĂƌϮϬϮϬͲϮϬϮϭĐĂƌƌLJŽǀĞƌƐƚŽƚĂůĞĚΨϭ͕ϮϬϵ͕ϴϳϬĂƚ:ƵŶĞϯϬ͕ϮϬϮϭ͘  417 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϲϱ ƐƐŝŐŶĞĚ&ƵŶĚĂůĂŶĐĞ dŚĞŝƚLJŚĂƐƚŚĞĨŽůůŽǁŝŶŐĂƐƐŝŐŶĞĚĨƵŶĚďĂůĂŶĐĞƐŚŽǁŶŽŶƚŚĞďĂůĂŶĐĞƐŚĞĞƚ͗ ƐƐŝŐŶĞĚƚŽƉƵďůŝĐƐĂĨĞƚLJƌĞƉƌĞƐĞŶƚƐƉƌŽƉĞƌƚLJƚĂdžĂĐĐƵŵƵůĂƚĞĚĂŶĚǁŝƚŚŚĞůĚďLJƚŚĞŽƵŶƚLJŽĨZŝǀĞƌƐŝĚĞƚŽďĞ ƵƐĞĚĨŽƌĨŝƌĞƉƌŽƚĞĐƚŝŽŶ͕ĚŝƐĂƐƚĞƌƉƌĞƉĂƌĞĚŶĞƐƐ͕ĨŝƌĞƉƌĞǀĞŶƚŝŽŶ͕ƌĞƐĐƵĞ͕ŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůƐŵŝƚŝŐĂƚŝŽŶ͕ ƚĞĐŚŶŝĐĂůƌĞƐĐƵĞƌĞƐƉŽŶƐĞ͕ŵĞĚŝĐĂůĞŵĞƌŐĞŶĐLJƐĞƌǀŝĐĞƐ͕ĂŶĚƉƵďůŝĐƐĞƌǀŝĐĞĂƐƐŝƐƚƐ͘dŚĞĂƐƐŝŐŶĞĚĨƵŶĚďĂůĂŶĐĞ ƌĞůĂƚĞĚƚŽƚŚŝƐŝƚĞŵĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭŝƐΨϭϭ͕ϰϮϯ͕ϵϯϭ͘ ƐƐŝŐŶĞĚƚŽĐĂƉŝƚĂůƉƌŽũĞĐƚƐŝƐĐŽŵƉƌŝƐĞĚŽĨĐĂƌƌLJŽǀĞƌďĂůĂŶĐĞƐĨŽƌĐĂƉŝƚĂůƉƌŽũĞĐƚƐ͘dŚĞĐĂƉŝƚĂůƉƌŽũĞĐƚĐĂƌƌLJŽǀĞƌ ďĂůĂŶĐĞƐĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭĂƌĞΨϭϯ͕ϰϯϭ͕Ϭϴϵ͘ĐĐƵŵƵůĂƚĞĚƌĞƐŽƵƌĐĞƐƌĞůĂƚĞĚƚŽƚŚĞŝƚLJ͛ƐƐĂůĞƐƚĂdžDĞĂƐƵƌĞ'ŝƐ ΨϮϴ͕ϱϱϵ͕ϳϰϳĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͘ ĞĨŝĐŝƚ&ƵŶĚĂůĂŶĐĞ ƚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞĨŽůůŽǁŝŶŐĨƵŶĚƐŚĂĚĚĞĨŝĐŝƚĨƵŶĚďĂůĂŶĐĞƐ͗ DĂũŽƌĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚƐ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚ ;ϭ͕ϯϳϳ͕ϭϲϰͿΨ EŽŶŵĂũŽƌĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚƐ WĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶ ;ϯϰϲ͕ϯϬϵͿ >ŝďƌĂƌLJĞǀĞůŽƉŵĞŶƚ ;ϭ͕ϰϱϴ͕ϳϴϵͿ EŽƚĞϭϰͲ 'ŽůĨŽƵƌƐĞDĂŶĂŐĞŵĞŶƚŐƌĞĞŵĞŶƚ dŚĞŝƚLJĞŶƚĞƌĞĚŝŶƚŽĂŶĂŐƌĞĞŵĞŶƚǁŝƚŚ>ĂŶĚŵĂƌŬ'ŽůĨDĂŶĂŐĞŵĞŶƚ>>;ŽƉĞƌĂƚŽƌͿƚŽŵĂŶĂŐĞƚŚĞŐŽůĨ ŽƉĞƌĂƚŝŽŶƐĂƚƚŚĞĐŝƚLJͲŽǁŶĞĚ^ŝůǀĞƌZŽĐŬ'ŽůĨŽƵƌƐĞ͘dŚĞŐƌĞĞŵĞŶƚĞŶƚĞƌĞĚŝŶƚŽŽŶƉƌŝůϲ͕ϮϬϬϰ͕ƐĞƚƐĨŽƌƚŚĂ ĨŝǀĞͲLJĞĂƌƚĞƌŵĐŽŵŵĞŶĐŝŶŐƵƉŽŶƚŚĞĐŽŵƉůĞƚŝŽŶŽĨƚŚĞŐŽůĨĐŽƵƌƐĞ͘KŶ:ĂŶƵĂƌLJϭϰ͕ϮϬϬϱ͕ƚŚĞŐŽůĨĐŽƵƌƐĞǁĂƐ ĚĞĞŵĞĚƚŽďĞĐŽŵƉůĞƚĞĂŶĚŵĂŶĂŐĞŵĞŶƚǁĂƐƚƵƌŶĞĚŽǀĞƌƚŽƚŚĞŽƉĞƌĂƚŽƌ͘dŚĞĐŽŶƚƌĂĐƚŚĂƐďĞĞŶĂŵĞŶĚĞĚĂŶĚ ĞdžƚĞŶĚĞĚŶƵŵĞƌŽƵƐƚŝŵĞƐǁŝƚŚƚŚĞĐƵƌƌĞŶƚĐŽŶƚƌĂĐƚĞdžƉŝƌŝŶŐ:ƵŶĞϯϬ͕ϮϬϮϮ͘dŚĞĐŽŶƚƌĂĐƚƉƌŽǀŝĚĞƐƚŚĂƚƚŚĞ ŽƉĞƌĂƚŽƌǁŝůůŵĂŶĂŐĞƚŚĞĚĂLJƚŽĚĂLJŽƉĞƌĂƚŝŽŶƐ͕ŚŝƌĞĞŵƉůŽLJĞĞƐ͕ƉƌŽǀŝĚĞŐŽůĨƉƌŽƐŚŽƉĂŶĚĨŽŽĚƐĞƌǀŝĐĞƐ͕ ŵĂŶĂŐĞĂůůŵĂƌŬĞƚŝŶŐĂŶĚƉƌŽŵŽƚŝŽŶĂůĂĐƚŝǀŝƚŝĞƐ͕ƉƌĞƉĂƌĞƚŚĞĂŶŶƵĂůďƵĚŐĞƚƌĞƉŽƌƚĨŽƌŽƵŶĐŝůĐŽŶƐŝĚĞƌĂƚŝŽŶ͕ ĂŶĚŵĂŶĂŐĞĂĐĐŽƵŶƚŝŶŐĂŶĚƉĂLJƌŽůůĨƵŶĐƚŝŽŶƐ͘/ŶĂĚĚŝƚŝŽŶƚŽƚŚĞĂŶŶƵĂůƉĂLJŵĞŶƚĨŽƌŵĂŶĂŐĞŵĞŶƚƐĞƌǀŝĐĞƐ͕ƚŚĞ ŝƚLJŚĂƐĂĚǀĂŶĐĞĚƚŚĞŽƉĞƌĂƚŽƌΨϮϱϬ͕ϬϬϬƚŽƉĂLJĨŽƌŐŽůĨĐŽƵƌƐĞĞdžƉĞŶƐĞƐ͘dǁŝĐĞĂŵŽŶƚŚƚŚĞŽƉĞƌĂƚŽƌƐƵďŵŝƚƐĂ ƌĞƋƵĞƐƚĨŽƌƌĞŝŵďƵƌƐĞŵĞŶƚƚŽƚŚĞŝƚLJƚŽƌĞƉůĞŶŝƐŚƚŚĞŝƚLJ͛ƐĂĚǀĂŶĐĞ͘/ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĂŐƌĞĞŵĞŶƚƐĞƚƐĨŽƌƚŚƚŚĞ ĞƐƚĂďůŝƐŚŵĞŶƚŽĨĂĐĂƉŝƚĂůƌĞƐĞƌǀĞĨƵŶĚŽĨϮƉĞƌĐĞŶƚŽĨŐƌĞĞŶĨĞĞƐ͘ƵƌŝŶŐƚŚĞĨŝƐĐĂůLJĞĂƌ͕ƚŚĞƌĞƐĞƌǀĞĂůůŽĐĂƚŝŽŶ ǁĂƐƐƵƐƉĞŶĚĞĚ͘&ŽƌƚŚĞĨŝƐĐĂůLJĞĂƌĞŶĚŝŶŐ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞ'ŽůĨŽƵƌƐĞŚĂĚĂůŽƐƐďĞĨŽƌĞƚƌĂŶƐĨĞƌƐŽĨ Ψϲϰϳ͕ϭϬϵ͘ 418  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϲϲ EŽƚĞϭϱͲ ŽŶƐƚƌƵĐƚŝŽŶŽŵŵŝƚŵĞŶƚƐ  sĂƌŝŽƵƐĐŽŶƐƚƌƵĐƚŝŽŶƉƌŽũĞĐƚƐǁĞƌĞŝŶƉƌŽŐƌĞƐƐĂƚ:ƵŶĞϯϬ͕ϮϬϮϭ͘WƌŽũĞĐƚƐĐŽƐƚƐĂƌĞƉĂŝĚŽƵƚŽĨƚŚĞĐĂƉŝƚĂů ŝŵƉƌŽǀĞŵĞŶƚƐĨƵŶĚ͘dŚĞĨŽůůŽǁŝŶŐŵĂƚĞƌŝĂůĐŽŶƐƚƌƵĐƚŝŽŶĐŽŵŵŝƚŵĞŶƚƐ͕ĨŽƌǁŚŝĐŚĨƵŶĚƐŚĂǀĞďĞĞŶĞŶĐƵŵďĞƌĞĚ͕ ĞdžŝƐƚĞĚĂƚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ǁŝƚŚĂŶĞƐƚŝŵĂƚĞĚĐŽƐƚƚŽĐŽŵƉůĞƚĞ͘  džƉĞŶĚŝƚƵƌĞƐ WƌŽũĞĐƚ ŽŶƚƌĂĐƚ ƚŽĚĂƚĞĂƐŽĨ ZĞŵĂŝŶŝŶŐ WƌŽũĞĐƚEĂŵĞ EƵŵďĞƌ ŵŽƵŶƚ :ƵŶĞϯϬ͕ϮϬϮϭ ŽŵŵŝƚŵĞŶƚƐ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚ&ƵŶĚ ƵŶĞWĂůŵƐZŽĂĚ^ƚƌĞĞƚ/ŵƉƌŽǀĞŵĞŶƚƐ ϬϵϭϬϬϰ Ϯ͕ϲϱϬ͕ϬϬϬΨ ;Ϯ͕ϲϬϮ͕ϰϱϬͿΨ ϰϳ͕ϱϱϬΨ ƵŶĞWĂůŵƐƌŝĚŐĞ/ŵƉƌŽǀĞŵĞŶƚ ϭϭϭϮϬϱ ϭϴ͕ϭϳϲ͕ϱϲϱ ;ϯ͕ϭϮϯ͕ϴϳϮͿ ϭϱ͕ϬϱϮ͕ϲϵϯ ^ŝůǀĞƌZŽĐŬ/ŶĨƌĂƐƚƌƵĐƚƵƌĞ/ŵƉƌŽǀĞŵĞŶƚƐ ϭϰϭϱϭϯ ϳ͕ϴϲϬ͕Ϭϰϭ ;ϱ͕ϵϱϰ͕ϴϴϴͿ ϭ͕ϵϬϱ͕ϭϱϰ >YsŝůůĂŐĞŽŵƉůĞƚĞ^ƚƌĞĞƚƐͲZŽĂĚŝĞƚWƌŽũ ϭϱϭϲϬϯ ϭϮ͕ϱϲϳ͕ϭϵϲ ;ϭϭ͕ϵϱϱ͕ϲϯϵͿ ϲϭϭ͕ϱϱϳ >ĂYƵŝŶƚĂyWĂƌŬ ϭϱϭϲϬϵ ϰ͕ϲϯϲ͕ϲϯϵ ;ϯ͕ϲϱϳ͕ϯϳϵͿ ϵϳϵ͕ϮϲϬ ŝƚLJǁŝĚĞƌĂŝŶĂŐĞŶŚĂŶĐĞŵĞŶƚƐ ϭϱϭϲϭϮ ϵ͕ϬϮϱ͕ϴϰϲ ;ϴ͕ϱϲϬ͕ϬϴϮͿ ϰϲϱ͕ϳϲϰ ,^/WdƌĂĨĨŝĐ^ŝŐŶĂů/ŶƚĞƌĐŽŶŶĞĐƚEĞƚǁŽƌŬ ϮϬϭϲϬϮ Ϯ͕Ϯϲϴ͕ϯϮϯ ;ϭ͕ϵϯϭ͕ϱϲϴͿ ϯϯϲ͕ϳϱϱ >ĂYƵŝŶƚĂ>ĂŶĚƐĐĂƉĞZĞŶŽǀĂƚŝŽŶ/ŵƉƌŽǀĞŵĞŶƚ ϮϬϭϲϬϯ ϴ͕ϱϱϰ͕ϳϵϮ ;ϯ͕ϯϰϲ͕ϴϰϵͿ ϱ͕ϮϬϳ͕ϵϰϯ ŝǀŝĐĞŶƚĞƌĂŵƉƵƐ>ĂŬĞͬ/ƌƌŝŐĂƚŝŽŶŽŶǀĞƌ ϮϬϭϲϬϲ ϲϳϱ͕ϮϳϬ ;ϭϱϭ͕ϬϬϳͿ ϱϮϰ͕Ϯϲϯ ^ŝůǀĞƌƌŽĐŬǀĞŶƚ^ƉĂĐĞ ϮϬϭϲϬϴ ϳ͕ϯϬϰ͕ϱϬϯ ;ϳ͕ϬϬϭ͕ϰϬϲͿ ϯϬϯ͕Ϭϵϳ tĂƐŚŝŶŐƚŽŶ^ƚƌĞĞƚĂƚ&ƌĞĚtĂƌŝŶŐƌ ϮϬϭϳϬϭ ϭ͕ϴϲϬ͕ϳϰϰ ;ϭ͕ϱϵϭ͕ϳϭϵͿ Ϯϲϵ͕ϬϮϱ ŝƐĞŶŚŽǁĞƌZĞƚĞŶƚŝŽŶĂƐŝŶ>ĂŶĚƐĐĂƉĞ ϮϬϭϳϬϰ ϳϱϬ͕ϬϬϬ ;ϯϲϱ͕ϵϲϭͿ ϯϴϰ͕Ϭϯϵ ǀĞϱϯ:ĞĨĨĞƌƐŽŶ^ƚZŽƵŶĚĂďŽƵƚ ϮϬϭϳϬϵ Ϯ͕ϭϬϭ͕ϲϭϳ ;ϮϮϬ͕ϭϲϬͿ ϭ͕ϴϴϭ͕ϰϱϳ ŽǀĞWƵďůŝĐZĞƐƚƌŽŽŵ ϮϬϭϴϬϭ ϱϵϬ͕ϬϬϬ ;ϱϭϲ͕ϰϱϵͿ ϳϯ͕ϱϰϭ ŽƌƉŽƌĂƚĞzĂƌĚĚŵŝŶKĨĨŝĐĞƐΘƌĞǁ ϮϬϭϴϬϱ ϰϭϭ͕Ϭϭϯ ;ϱϱ͕ϳϳϯͿ ϯϱϱ͕ϮϰϬ sŝůůĂŐĞƌƚWůĂnjĂWƌŽŵĞŶĂĚĞΘƵůƚƵƌĂůĂŵƉƵƐ ϮϬϭϵϬϭ ϲϭϬ͕ϬϬϬ ;ϯ͕ϴϰϱͿ ϲϬϲ͕ϭϱϱ ǀĞŶƵĞϱϬƌŝĚŐĞ^ƉĂŶŶŝŶŐdŚĞǀĂĐƵĂƚŝŽŶŚĂŶŶĞů ϮϬϭϵϬϮ ϭϲ͕ϯϰϵ͕ϬϬϬ;ϴ͕ϴϲϵͿ ϭϲ͕ϯϰϬ͕ϭϯϭ >Y^ŬĂƚĞWĂƌŬŽŶǀĞƌƚŽKƚŚĞƌĐƚŝǀŝƚLJ ϮϬϭϵϬϯ Ϯϲϯ͕ϬϬϬͲ Ϯϲϯ͕ϬϬϬ ,ǁLJϭϭϭŽƌƌŝĚŽƌƌĞĂWůĂŶ/ŵƉůĞŵĞŶƚĂƚŝŽŶ ϮϬϭϵϬϱ ϭ͕ϮϱϬ͕ϬϬϬ;ϯϯϭ͕ϮϬϰͿϵϭϴ͕ϳϵϲ &ŝƌĞ^ƚĂƚŝŽŶϳϬZĞǀŝƚĂůŝnjĂƚŝŽŶ ϮϬϭϵϬϳ ϲϴϰ͕ϬϬϬ;ϱϵϬ͕ϵϵϰͿϵϯ͕ϬϬϲ ŝƚLJǁŝĚĞĂƚĐŚĂƐŝŶDŽĚŝĨŝĐĂƚŝŽŶϮϬϭϵϬϴ ϮϱϬ͕ϬϬϬͲ ϮϱϬ͕ϬϬϬ ŝƚLJǁŝĚĞDŝƐĐ/ŵƉƌŽǀĞŵĞŶƚƐϮϬϭϵϬϵ ϮϮϴ͕ϲϳϯ;Ϯϭϰ͕ϬϵϴͿϭϰ͕ϱϳϱ tĂƐŚŝŶŐƚŽŶ^ƚĂƚǀĞϱϬͬĂůůĞdĂŵƉŝĐŽ ϮϬϭϵϮϯ ϭϵϱ͕ϰϬϬ;ϮϬ͕ϳϰϱͿϭϳϰ͕ϲϱϱ DŽŶƌŽĞ^ƚƌĞĞƚWĂǀĞŵĞŶƚZĞŚĂď;ǀĞϱϮͿ ϮϬϮϬϬϭ ϵϰϭ͕ϬϬϬ;ϱϮ͕ϱϴϯͿϴϴϴ͕ϰϭϳ ŝƚLJǁŝĚĞDŝƐĐĞůůĂŶĞŽƵƐŝŵƉƌŽǀĞŵĞŶƚƐ ϮϬϮϬϬϮ ϭϴϰ͕ϬϬϬ;ϭϰϯ͕ϬϮϳͿϰϬ͕ϵϳϯ ŝƚLJǁŝĚĞWƵďůŝĐ^ĂĨĞƚLJĂŵĞƌĂ^LJƐƚĞŵ ϮϬϮϬϬϯ ϭ͕ϯϳϮ͕Ϯϵϲ;ϭ͕Ϯϱϳ͕ϯϱϬͿϭϭϰ͕ϵϰϲ ^ŝůǀĞƌZŽĐŬZĞƚĞŶƚŝŽŶĂƐŝŶ^Žŝů^ƚĂďŝůŝnjĂƚŝŽŶ ϮϬϮϬϬϳ ϰϯϳ͕ϮϱϬ;ϯϯ͕ϮϵϳͿϰϬϯ͕ϵϱϰ :ĞĨĨĞƌƐŽŶ^ƚͬ/ͲϭϬ;ĐŽŶƚƌŝďƵƚŝŽŶĐŽƐƚƐͿ ϵϵϵϵϬϮ ϳϴϴ͕Ϯϵϳ;ϳϱϯ͕ϯϭϬͿϯϰ͕ϵϴϳ 'ĞŶĞƌĂů&ƵŶĚ ^ŝůǀĞƌZŽĐŬǀĞŶƚ^ƉĂĐĞDŽĚƵůĂƌƵŝůĚ ϮϬϭϴϬϲ ϵϮϳ͕Ϭϵϳ;ϵϮϬ͕ϯϵϴͿϲ͕ϲϵϵ   419  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϲϳ EŽƚĞϭϲͲ ZĞŝŵďƵƌƐĞŵĞŶƚŐƌĞĞŵĞŶƚƐ  KŶ^ĞƉƚĞŵďĞƌϵ͕ϮϬϭϰ͕ƚŚĞŝƚLJĞŶƚĞƌĞĚŝŶƚŽĂƐĂůĞƐƚĂdžƐŚĂƌŝŶŐĂŐƌĞĞŵĞŶƚǁŝƚŚKŶĞůĞǀĞŶ>ĂYƵŝŶƚĂ>> ;͞,ŽďďLJ>ŽďďLJ͟Ϳ͘hŶĚĞƌƚŚĞƚĞƌŵƐŽĨƚŚĞĂŐƌĞĞŵĞŶƚƚŚĞŝƚLJƐŚĂůůŵĂŬĞƋƵĂƌƚĞƌůLJƉĂLJŵĞŶƚƐŽĨϱϬƉĞƌĐĞŶƚŽĨĂŶLJ ƐĂůĞƐƚĂdžŐĞŶĞƌĂƚĞĚĨƌŽŵ,ŽďďLJ>ŽďďLJŝŶĂŶĂŵŽƵŶƚŶŽƚƚŽĞdžĐĞĞĚΨϰϬϬ͕ϬϬϬŽǀĞƌĂŶĞŝŐŚƚͲLJĞĂƌƉĞƌŝŽĚ͘ƵĞƚŽ ƚŚĞƌĞƉŽƌƚŝŶŐŽĨƐĂůĞƐƚĂdžŝŶĨŽƌŵĂƚŝŽŶďLJƚŚĞĂůŝĨŽƌŶŝĂĞƉĂƌƚŵĞŶƚŽĨdĂdžĂŶĚ&ĞĞĚŵŝŶŝƐƚƌĂƚŝŽŶƚŽƚŚĞŝƚLJ͕ ƚŚĞƌĞŝŵďƵƌƐĞŵĞŶƚƉĂLJŵĞŶƚƐďLJƚŚĞŝƚLJǁŝůůůĂŐďLJŽŶĞƋƵĂƌƚĞƌ͘dŚĞĂŐƌĞĞŵĞŶƚƚĞƌŵŝŶĂƚĞƐǁŚĞŶĞŝƚŚĞƌƚŚĞ ΨϰϬϬ͕ϬϬϬůŝŵŝƚŝƐƌĞĂĐŚĞĚŽƌŝŶĞŝŐŚƚLJĞĂƌƐǁŚŝĐŚĞǀĞƌĐŽŵĞƐĨŝƌƐƚ͘dŚĞ,ŽďďLJ>ŽďďLJďƵƐŝŶĞƐƐŽƉĞŶĞĚŝŶ ĞĐĞŵďĞƌϮϬϭϰ͘ƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞŝƚLJŵĂĚĞΨϮϵϱ͕ϳϮϳŝŶƌĞŝŵďƵƌƐĞŵĞŶƚƉĂLJŵĞŶƚƐƚŽƚŚĞŽǁŶĞƌůĞĂǀŝŶŐ ĂŶŽƵƚƐƚĂŶĚŝŶŐďĂůĂŶĐĞŽĨΨϭϬϰ͕Ϯϳϯ͘   EŽƚĞϭϳͲ ^ƵĐĐĞƐƐŽƌŐĞŶĐLJdƌƵƐƚĨŽƌƐƐĞƚƐŽĨ&ŽƌŵĞƌZĞĚĞǀĞůŽƉŵĞŶƚŐĞŶĐLJ  KŶĞĐĞŵďĞƌϮϵ͕ϮϬϭϭ͕ƚŚĞĂůŝĨŽƌŶŝĂ^ƵƉƌĞŵĞŽƵƌƚƵƉŚĞůĚƐƐĞŵďůLJŝůůϭyϮϲ;͞ƚŚĞŝůů͟ͿƚŚĂƚƉƌŽǀŝĚĞƐĨŽƌ ƚŚĞĚŝƐƐŽůƵƚŝŽŶŽĨĂůůƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐŝĞƐŝŶƚŚĞ^ƚĂƚĞŽĨĂůŝĨŽƌŶŝĂ͘dŚŝƐĂĐƚŝŽŶŝŵƉĂĐƚĞĚƚŚĞƌĞƉŽƌƚŝŶŐĞŶƚŝƚLJ ŽĨƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂƚŚĂƚƉƌĞǀŝŽƵƐůLJŚĂĚƌĞƉŽƌƚĞĚĂƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJǁŝƚŚŝŶƚŚĞƌĞƉŽƌƚŝŶŐĞŶƚŝƚLJŽĨƚŚĞ ŝƚLJĂƐĂďůĞŶĚĞĚĐŽŵƉŽŶĞŶƚƵŶŝƚ͘  dŚĞŝůůƉƌŽǀŝĚĞƐƚŚĂƚƵƉŽŶĚŝƐƐŽůƵƚŝŽŶŽĨĂƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJ͕ĞŝƚŚĞƌƚŚĞĐŝƚLJŽƌĂŶŽƚŚĞƌƵŶŝƚŽĨůŽĐĂů ŐŽǀĞƌŶŵĞŶƚǁŝůůĂŐƌĞĞƚŽƐĞƌǀĞĂƐƚŚĞ͞ƐƵĐĐĞƐƐŽƌĂŐĞŶĐLJ͟ƚŽŚŽůĚƚŚĞĂƐƐĞƚƐƵŶƚŝůƚŚĞLJĂƌĞĚŝƐƚƌŝďƵƚĞĚƚŽŽƚŚĞƌ ƵŶŝƚƐŽĨƐƚĂƚĞĂŶĚůŽĐĂůŐŽǀĞƌŶŵĞŶƚ͘KŶ:ĂŶƵĂƌLJϯ͕ϮϬϭϭ͕ƚŚĞŝƚLJŽƵŶĐŝůĞůĞĐƚĞĚƚŽďĞĐŽŵĞƚŚĞ^ƵĐĐĞƐƐŽƌ ŐĞŶĐLJĨŽƌƚŚĞ&ŽƌŵĞƌZĞĚĞǀĞůŽƉŵĞŶƚŐĞŶĐLJ;͚&ŽƌŵĞƌŐĞŶĐLJ͟ͿŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞŝůůĂƐƉĂƌƚŽĨŝƚLJ ƌĞƐŽůƵƚŝŽŶŶƵŵďĞƌϮϬϭϮͲϬϬϮ͘  ĨƚĞƌĞŶĂĐƚŵĞŶƚŽĨƚŚĞůĂǁ͕ǁŚŝĐŚŽĐĐƵƌƌĞĚŽŶ:ƵŶĞϮϴ͕ϮϬϭϭ͕ƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐŝĞƐŝŶƚŚĞ^ƚĂƚĞŽĨĂůŝĨŽƌŶŝĂ ĐĂŶŶŽƚĞŶƚĞƌŝŶƚŽŶĞǁƉƌŽũĞĐƚƐ͕ŽďůŝŐĂƚŝŽŶƐŽƌĐŽŵŵŝƚŵĞŶƚƐ͘^ƵďũĞĐƚƚŽƚŚĞĐŽŶƚƌŽůŽĨĂŶĞǁůLJĞƐƚĂďůŝƐŚĞĚ ŽǀĞƌƐŝŐŚƚďŽĂƌĚ͕ƌĞŵĂŝŶŝŶŐĂƐƐĞƚƐĐĂŶŽŶůLJďĞƵƐĞĚƚŽƉĂLJĞŶĨŽƌĐĞĂďůĞŽďůŝŐĂƚŝŽŶƐŝŶĞdžŝƐƚĞŶĐĞĂƚƚŚĞĚĂƚĞŽĨ ĚŝƐƐŽůƵƚŝŽŶ;ŝŶĐůƵĚŝŶŐƚŚĞĐŽŵƉůĞƚŝŽŶŽĨĂŶLJƵŶĨŝŶŝƐŚĞĚƉƌŽũĞĐƚƐƚŚĂƚǁĞƌĞƐƵďũĞĐƚƚŽůĞŐĂůůLJĞŶĨŽƌĐĞĂďůĞ ĐŽŶƚƌĂĐƚƵĂůĐŽŵŵŝƚŵĞŶƚƐͿ͘  /ŶĨƵƚƵƌĞĨŝƐĐĂůLJĞĂƌƐ͕ƐƵĐĐĞƐƐŽƌĂŐĞŶĐŝĞƐǁŝůůŽŶůLJďĞĂůůŽĐĂƚĞĚƌĞǀĞŶƵĞŝŶƚŚĞĂŵŽƵŶƚƚŚĂƚŝƐŶĞĐĞƐƐĂƌLJƚŽƉĂLJ ƚŚĞĞƐƚŝŵĂƚĞĚĂŶŶƵĂůŝŶƐƚĂůůŵĞŶƚƉĂLJŵĞŶƚƐŽŶĞŶĨŽƌĐĞĂďůĞŽďůŝŐĂƚŝŽŶƐŽĨƚŚĞ&ŽƌŵĞƌŐĞŶĐLJƵŶƚŝůĂůů ĞŶĨŽƌĐĞĂďůĞŽďůŝŐĂƚŝŽŶƐŽĨƚŚĞƉƌŝŽƌƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJŚĂǀĞďĞĞŶƉĂŝĚŝŶĨƵůůĂŶĚĂůůĂƐƐĞƚƐŚĂǀĞďĞĞŶ ůŝƋƵŝĚĂƚĞĚ͘  /ŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƚŝŵĞůŝŶĞƐĞƚĨŽƌƚŚŝŶƚŚĞŝůů;ĂƐŵŽĚŝĨŝĞĚďLJƚŚĞĂůŝĨŽƌŶŝĂ^ƵƉƌĞŵĞŽƵƌƚŽŶ ĞĐĞŵďĞƌϮϵ͕ϮϬϭϭͿĂůůƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐŝĞƐŝŶƚŚĞ^ƚĂƚĞŽĨĂůŝĨŽƌŶŝĂǁĞƌĞĚŝƐƐŽůǀĞĚĂŶĚĐĞĂƐĞĚƚŽ ŽƉĞƌĂƚĞĂƐĂůĞŐĂůĞŶƚŝƚLJĂƐŽĨ&ĞďƌƵĂƌLJϭ͕ϮϬϭϮ͘  dŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJƚŽƚŚĞ&ŽƌŵĞƌŐĞŶĐLJŝƐƌĞƉŽƌƚĞĚĂƐĂĨŝĚƵĐŝĂƌLJĨƵŶĚ;ƉƌŝǀĂƚĞƉƵƌƉŽƐĞƚƌƵƐƚĨƵŶĚͿ͘  420  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϲϴ ĂƐŚĂŶĚ/ŶǀĞƐƚŵĞŶƚƐ  ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐƌĞƉŽƌƚĞĚŝŶƚŚĞĂĐĐŽŵƉĂŶLJŝŶŐĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĐŽŶƐŝƐƚĞĚŽĨƚŚĞĨŽůůŽǁŝŶŐ͗  ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐƉŽŽůĞĚǁŝƚŚƚŚĞŝƚLJ Ϯϲ͕Ϯϳϵ͕ϭϯϮΨ ĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐǁŝƚŚĨŝƐĐĂůĂŐĞŶƚ ϭ͕ϰϮϭ Ϯϲ͕ϮϴϬ͕ϱϱϯΨ  ^ĞĞŶŽƚĞϮĨŽƌƌĞƋƵŝƌĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐĚŝƐĐůŽƐƵƌĞƐ͘  >ŽĂŶƐZĞĐĞŝǀĂďůĞ  KǁŶĞƌWĂƌƚŝĐŝƉĂƚŝŽŶŐƌĞĞŵĞŶƚʹdŽƌƌĞEŝƐƐĂŶ  /Ŷ:ƵŶĞϮϬϭϭ͕ƚŚĞ&ŽƌŵĞƌŐĞŶĐLJĞŶƚĞƌĞĚŝŶƚŽĂŶKǁŶĞƌWĂƌƚŝĐŝƉĂƚŝŽŶŐƌĞĞŵĞŶƚ;KWͿǁŝƚŚĂŶĂƵƚŽĚĞĂůĞƌ͕ DĞŐĂĞĂůĞƌ͕>>;͞dŽƌƌĞEŝƐƐĂŶ͟ͿƚŚĂƚƉƌŽǀŝĚĞƐĨŽƌƚŚĞ&ŽƌŵĞƌŐĞŶĐLJƚŽƉƌŽǀŝĚĞĂƌĞŚĂďŝůŝƚĂƚŝŽŶůŽĂŶƚŽdŽƌƌĞ EŝƐƐĂŶŽĨƵƉƚŽΨϭ͕ϱϬϬ͕ϬϬϬĨŽƌƚŚĞƌĞŵŽĚĞůŝŶŐŽĨƚŚĞĞdžŝƐƚŝŶŐĚĞĂůĞƌƐŚŝƉĂŶĚĂŶĞdžƉĂŶƐŝŽŶŽĨƚŚĞĚĞĂůĞƌƐŚŝƉ ĨĂĐŝůŝƚLJƚŽĂĐĐŽŵŵŽĚĂƚĞĂŶĞǁůŝŶĞŽĨĞůĞĐƚƌŝĐĂŶĚĐŽŵŵĞƌĐŝĂůǀĞŚŝĐůĞƐ͘dŚĞŶĞǁĞdžƉĂŶƐŝŽŶǁŝůůĂůƐŽŝŶĐůƵĚĞ ƐĞƌǀŝĐĞĂŶĚƉĂƌƚƐƐĂůĞƐĨĂĐŝůŝƚŝĞƐ͘/ŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚĞKW͕dŽƌƌĞEŝƐƐĂŶŚĂƐĞdžĞĐƵƚĞĚĂƉƌŽŵŝƐƐŽƌLJŶŽƚĞ͕ ǁŚŝĐŚŝƐƐĞĐƵƌĞĚďLJĂƐƵďŽƌĚŝŶĂƚĞĚĚĞĞĚŽĨƚƌƵƐƚ͕ĂŶĚĂŶŽƉĞƌĂƚŝŶŐĐŽǀĞŶĂŶƚ͘dŚĞůŽĂŶǁŝůůďĞƌĞƉĂŝĚďLJ ĐƌĞĚŝƚŝŶŐĨƵƚƵƌĞƐĂůĞƐĂŶĚƉƌŽƉĞƌƚLJƚĂdžŝŶĐƌĞŵĞŶƚƚĂdžĞƐŐĞŶĞƌĂƚĞĚŽŶƚŚĞƐŝƚĞƵŶƚŝůƚŚĞĐƵŵƵůĂƚŝǀĞƚĂdžĞƐ ĐŽůůĞĐƚĞĚĞƋƵĂůƐƚŚĞůŽĂŶĂŵŽƵŶƚ͘/ĨEŝƐƐĂŶDŽƚŽƌŽŵƉĂŶLJĐĞĂƐĞƐƚŽĞdžŝƐƚ͕ƚŚĞŶŽƚĞǁŝůůďĞĐĂŶĐĞůůĞĚ͕ĂŶĚƚŚĞ ŽƉĞƌĂƚŝŶŐĐŽǀĞŶĂŶƚǁŝůůƚĞƌŵŝŶĂƚĞ͘ƚƚŚĞĞŶĚŽĨƚŚĞƚĞŶͲLJĞĂƌŽƉĞƌĂƚŝŶŐĐŽǀĞŶĂŶƚ͕ƚŚĞŽƉĞƌĂƚŝŶŐĐŽǀĞŶĂŶƚǁŝůů ƚĞƌŵŝŶĂƚĞ͕ĂŶĚƚŚĞŶŽƚĞǁŝůůďĞĐĂŶĐĞůůĞĚ͕ĂŶĚĂŶLJŽƵƚƐƚĂŶĚŝŶŐůŽĂŶďĂůĂŶĐĞǁŝůůďĞĨŽƌŐŝǀĞŶ͘dŚĞďĂůĂŶĐĞĂƚ :ƵŶĞϯϬ͕ϮϬϮϭŝƐΨϭ͕Ϭϭϯ͕ϰϵϰ͘  ƵĞĨƌŽŵŽƚŚĞƌ'ŽǀĞƌŶŵĞŶƚƐ  >ĂYƵŝŶƚĂ>ŝďƌĂƌLJ  /ŶƉƌŝůϮϬϬϱ͕ĂŶĂĚǀĂŶĐĞŽĨΨϮ͕ϰϵϬ͕ϮϳϯǁĂƐŵĂĚĞĨƌŽŵƚŚĞĨŽƌŵĞƌƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJƚŽƉƌŽǀŝĚĞĨƵŶĚŝŶŐ ĨŽƌƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚĞƉƵďůŝĐůŝďƌĂƌLJ͘dŚĞůŽĂŶĂĐĐƌƵĞƐŝŶƚĞƌĞƐƚĂƚƚŚĞĞĂƌŶŝŶŐƐƌĂƚĞŽĨƚŚĞŝƚLJ͛ƐŝŶǀĞƐƚŵĞŶƚ ƉŽŽůĨƵŶĚ͘dŚĞƌĞŵĂŝŶŝŶŐďĂůĂŶĐĞŽĨƚŚŝƐůŽĂŶĂƚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ŝƐΨϭ͕ϰϱϴ͕ϳϵϬ͘  ĞĨĞƌƌĞĚKƵƚĨůŽǁƐŽĨZĞƐŽƵƌĐĞƐ  ƐĚĞďƚŝƐƌĞĨƵŶĚĞĚ͕ƚŚĞĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶƚŚĞĐĂƌƌLJŝŶŐǀĂůƵĞŽĨƚŚĞƌĞĨƵŶĚĞĚĚĞďƚĂŶĚƚŚĞƌĞĂĐƋƵŝƐŝƚŝŽŶƉƌŝĐĞ ŝƐƌĞĐŽƌĚĞĚĂƐĂĚĞĨĞƌƌĞĚŽƵƚĨůŽǁŽĨƌĞƐŽƵƌĐĞƐĂŶĚĂŵŽƌƚŝnjĞĚŽǀĞƌƚŚĞƐŚŽƌƚĞƌŽĨƚŚĞŶĞǁŽƌƌĞĨƵŶĚĞĚĚĞďƚ͕ ǁŚŝĐŚĞǀĞƌŝƐƐŚŽƌƚĞƌ͘ĐƚŝǀŝƚLJĚƵƌŝŶŐƚŚĞĨŝƐĐĂůLJĞĂƌŝƐĐŽŵƉƌŝƐĞĚŽĨƚŚĞĨŽůůŽǁŝŶŐ͗  ĂůĂŶĐĞĂƚ ĂůĂŶĐĞ :ƵůLJϭ͕ϮϬϮϬ ĚĚŝƚŝŽŶƐ ĞĚƵĐƚŝŽŶƐ :ƵŶĞϯϬ͕ϮϬϮϭ ĞĨĞƌƌĞĚĐŚĂƌŐĞŽŶƌĞĨƵŶĚŝŶŐ ϵ͕ϳϭϱ͕ϵϳϱΨϭϬ͕ϯϵϭ͕ϳϭϬΨϯ͕Ϯϭϲ͕ϭϴϭΨϭϲ͕ϴϵϭ͕ϱϬϰΨ  421  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϲϵ >ŽŶŐͲdĞƌŵĞďƚ  ĚĞƐĐƌŝƉƚŝŽŶŽĨůŽŶŐͲƚĞƌŵĚĞďƚŽƵƚƐƚĂŶĚŝŶŐŽĨƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ĨŽůůŽǁƐ͗  ĂůĂŶĐĞĂƚ ĂůĂŶĐĞ ƵĞǁŝƚŚŝŶ :ƵůLJϭ͕ϮϬϮϬ ĚĚŝƚŝŽŶƐ ZĞƉĂLJŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ KŶĞLJĞĂƌ dĂdžĂůůŽĐĂƚŝŽŶďŽŶĚƐ ϭϳϲ͕ϵϬϬ͕ϬϬϬΨϭϱϲ͕ϵϭϱ͕ϬϬϬΨϭϰϲ͕ϭϱϱ͕ϬϬϬΨϭϴϳ͕ϲϲϬ͕ϬϬϬΨϭϭ͕ϵϴϱ͕ϬϬϬΨ ŝƚLJůŽĂŶƐ ϯϮ͕ϱϴϳ͕ϭϳϴϳϯϵ͕ϵϯϯϯ͕Ϯϯϴ͕ϴϯϯϯϬ͕Ϭϴϴ͕Ϯϳϴϯ͕ϯϬϯ͕ϲϭϬ hŶĂŵŽƌƚŝnjĞĚƉƌĞŵŝƵŵƐͬ ĚŝƐĐŽƵŶƚƐ ϵ͕ϴϮϳ͕ϮϯϰͲ ϭϭ͕ϮϰϬ͕ϱϴϯ;ϭ͕ϰϭϯ͕ϯϰϵͿͲ dŽƚĂů Ϯϭϵ͕ϯϭϰ͕ϰϭϮΨϭϱϳ͕ϲϱϰ͕ϵϯϯΨϭϲϬ͕ϲϯϰ͕ϰϭϲΨϮϭϲ͕ϯϯϰ͕ϵϮϵΨϭϱ͕Ϯϴϴ͕ϲϭϬΨ  ϮϬϭϯ^ĞƌŝĞƐ  KŶĞĐĞŵďĞƌϭϳ͕ϮϬϭϯ͕ƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJŝƐƐƵĞĚƐƵďŽƌĚŝŶĂƚĞƚĂdžĂůůŽĐĂƚŝŽŶƌĞĨƵŶĚŝŶŐďŽŶĚƐŝŶƚŚĞĂŵŽƵŶƚ ŽĨΨϵϳ͕ϭϵϬ͕ϬϬϬƚŽƌĞĨŝŶĂŶĐĞŽƵƚƐƚĂŶĚŝŶŐůŽŶŐƚĞƌŵŽďůŝŐĂƚŝŽŶƐŚĞůĚďLJƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJ͘dŚĞϮϬϭϯ^ĞƌŝĞƐ ƚĂdžĂůůŽĐĂƚŝŽŶďŽŶĚƐǁĞƌĞŝƐƐƵĞĚĂƚĂƉƌĞŵŝƵŵŽĨΨϲ͕Ϭϱϲ͕ϮϴϬĂŶĚŝƐƐƵĂŶĐĞĐŽƐƚƐŽĨΨϰϴϬ͕ϬϬϭ͘  /ŶƚĞƌĞƐƚƌĂƚĞƐŽŶƚŚĞďŽŶĚƐƌĂŶŐĞĨƌŽŵϯ͘ϬϬƉĞƌĐĞŶƚƚŽϱ͘ϬϬƉĞƌĐĞŶƚĂŶĚĂƌĞƉĂLJĂďůĞƐĞŵŝͲĂŶŶƵĂůůLJŽŶDĂƌĐŚϭ ĂŶĚ^ĞƉƚĞŵďĞƌϭŽĨĞĂĐŚLJĞĂƌƵŶƚŝůŵĂƚƵƌŝƚLJ͘dŚĞŝŶƚĞƌĞƐƚĂŶĚƉƌŝŶĐŝƉĂůŽĨƚŚĞďŽŶĚƐĂƌĞƉĂLJĂďůĞƐŽůĞůLJĨƌŽŵ ƉƌŽƉĞƌƚLJƚĂdžƌĞǀĞŶƵĞ͘  ƵƌŝŶŐƚŚĞĐƵƌƌĞŶƚLJĞĂƌ͕ƚŚĞŐĞŶĐLJŝƐƐƵĞĚdĂdžĂůůŽĐĂƚŝŽŶZĞĨƵŶĚŝŶŐŽŶĚƐ͕^ĞƌŝĞƐϮϬϮϭƚŽƌĞĨƵŶĚƚŚĞϮϬϭϯ dĂdžůůŽĐĂƚŝŽŶŽŶĚƐ͘ƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞϮϬϭϯdĂdžůůŽĐĂƚŝŽŶďŽŶĚƐǁĞƌĞĚĞĨĞĂƐĞĚ͘  ϮϬϭϯ^ĞƌŝĞƐ  KŶĞĐĞŵďĞƌϭϳ͕ϮϬϭϯ͕ƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJŝƐƐƵĞĚƐƵďŽƌĚŝŶĂƚĞƚĂdžĂůůŽĐĂƚŝŽŶƌĞĨƵŶĚŝŶŐďŽŶĚƐŝŶƚŚĞĂŵŽƵŶƚ ŽĨΨϮϯ͕Ϭϱϱ͕ϬϬϬƚŽƌĞĨŝŶĂŶĐĞŽƵƚƐƚĂŶĚŝŶŐůŽŶŐƚĞƌŵŽďůŝŐĂƚŝŽŶƐŚĞůĚďLJƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJ͘dŚĞϮϬϭϯ^ĞƌŝĞƐ ƚĂdžĂůůŽĐĂƚŝŽŶďŽŶĚƐǁĞƌĞŝƐƐƵĞĚĂƚĂĚŝƐĐŽƵŶƚŽĨΨϴ͕ϵϱϭĂŶĚŝƐƐƵĂŶĐĞĐŽƐƚƐŽĨΨϭϮϮ͕Ϯϳϰ͘  dŚĞďŽŶĚƐĐŽŶƐŝƐƚŽĨΨϯ͕ϳϭϬ͕ϬϬϬŽĨƚĞƌŵďŽŶĚƐƚŚĂƚĂĐĐƌƵĞŝŶƚĞƌĞƐƚĂƚϱ͘ϮϰϬƉĞƌĐĞŶƚĂŶĚŵĂƚƵƌĞŽŶ^ĞƉƚĞŵďĞƌ ϭ͕ϮϬϮϲ͕Ψϰ͕ϯϯϱ͕ϬϬϬŽĨƚĞƌŵďŽŶĚƐƚŚĂƚĂĐĐƌƵĞŝŶƚĞƌĞƐƚĂƚϱ͘ϱϱϬƉĞƌĐĞŶƚĂŶĚŵĂƚƵƌĞŽŶ^ĞƉƚĞŵďĞƌϭ͕ϮϬϮϵ͕ĂŶĚ Ψϱ͕ϭϭϱ͕ϬϬϬŽĨƚĞƌŵďŽŶĚƐƚŚĂƚĂĐĐƌƵĞŝŶƚĞƌĞƐƚĂƚϱ͘ϴϮϬƉĞƌĐĞŶƚĂŶĚŵĂƚƵƌĞŽŶ^ĞƉƚĞŵďĞƌϭ͕ϮϬϯϮ͘dŚĞ ƌĞŵĂŝŶŝŶŐΨϵ͕ϴϵϱ͕ϬϬϬŵĂƚƵƌĞƐĂŶŶƵĂůůLJǁŝƚŚƌĂƚĞƌĂŶŐŝŶŐĨƌŽŵϬ͘ϳϲƉĞƌĐĞŶƚƚŽϰ͘ϴϵƉĞƌĐĞŶƚ͘dŚĞŝŶƚĞƌĞƐƚĂŶĚ ƉƌŝŶĐŝƉĂůŽŶƚŚĞďŽŶĚƐĂƌĞƉĂLJĂďůĞĨƌŽŵƉƌŽƉĞƌƚLJƚĂdžƌĞǀĞŶƵĞ͘  ƵƌŝŶŐƚŚĞĐƵƌƌĞŶƚLJĞĂƌ͕ƚŚĞŐĞŶĐLJŝƐƐƵĞĚdĂdžĂůůŽĐĂƚŝŽŶZĞĨƵŶĚŝŶŐŽŶĚƐ͕^ĞƌŝĞƐϮϬϮϭƚŽƌĞĨƵŶĚƚŚĞϮϬϭϯ dĂdžůůŽĐĂƚŝŽŶŽŶĚƐ͘ƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞϮϬϭϯdĂdžůůŽĐĂƚŝŽŶďŽŶĚƐǁĞƌĞĚĞĨĞĂƐĞĚ͘  422  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϳϬ ϮϬϭϰ^ĞƌŝĞƐ  KŶ:ƵůLJϵ͕ϮϬϭϰ͕ƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJŝƐƐƵĞĚƚĂdžĂůůŽĐĂƚŝŽŶƌĞĨƵŶĚŝŶŐďŽŶĚƐŝŶƚŚĞĂŵŽƵŶƚŽĨΨϲϱ͕ϲϬϬ͕ϬϬϬ͕ǁŝƚŚ ĂƉƌĞŵŝƵŵŽĨΨϴ͕ϱϰϱ͕ϰϴϮ͕ƚŽƌĞĨŝŶĂŶĐĞŽƵƚƐƚĂŶĚŝŶŐϮϬϬϰ^ĞƌŝĞƐZĞǀĞŶƵĞŽŶĚƐŽĨΨϳϮ͕ϴϲϱ͕ϬϬϬǁŝƚŚŝŶƚĞƌĞƐƚ ƉĂLJŵĞŶƚƐƌĂŶŐŝŶŐďĞƚǁĞĞŶϯƉĞƌĐĞŶƚƚŽϱ͘ϮϱƉĞƌĐĞŶƚ͘dŚĞŶĞƚƉƌŽĐĞĞĚƐŽĨΨϳϯ͕ϰϬϮ͕ϳϬϵ;ĂĨƚĞƌƉĂLJŵĞŶƚŽĨ ΨϱϵϮ͕ϬϭϳŝŶŝƐƐƵĂŶĐĞĐŽƐƚƐͿƉůƵƐĂŶĂĚĚŝƚŝŽŶĂůΨϰ͕ϬϭϮ͕ϲϱϯŽĨϮϬϬϰ^ĞƌŝĞƐƐŝŶŬŝŶŐĨƵŶĚŵŽŶŝĞƐǁĞƌĞƵƐĞĚƚŽ ƉƵƌĐŚĂƐĞh͘^͘'ŽǀĞƌŶŵĞŶƚ^ĞĐƵƌŝƚŝĞƐ͘dŚŽƐĞƐĞĐƵƌŝƚŝĞƐǁĞƌĞĚĞƉŽƐŝƚĞĚŝŶĂŶŝƌƌĞǀŽĐĂďůĞƚƌƵƐƚǁŝƚŚĂŶĞƐĐƌŽǁ ĂŐĞŶƚ͖ĂŶĚŝƐƐƵĞĚƚŽƉĂLJͲŽĨĨΨϳϳ͕ϰϭϱ͕ϯϲϮŽĨƌĞŵĂŝŶŝŶŐƉƌŝŶĐŝƉĂůĂŶĚĂĐĐƌƵĞĚŝŶƚĞƌĞƐƚŽĨϮϬϬϰ^ĞƌŝĞƐ͘ƐĂ ƌĞƐƵůƚ͕ƚŚĞϮϬϬϰ^ĞƌŝĞƐďŽŶĚƐĂƌĞĐŽŶƐŝĚĞƌĞĚƚŽďĞĚĞĨĞĂƐĞĚĂŶĚƚŚĞůŝĂďŝůŝƚLJĨŽƌƚŚŽƐĞďŽŶĚƐŚĂƐďĞĞŶ ƌĞŵŽǀĞĚĨƌŽŵƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJ͛ƐůŽŶŐͲƚĞƌŵĚĞďƚ͘  ƵƌŝŶŐƚŚĞĐƵƌƌĞŶƚLJĞĂƌ͕ƚŚĞŐĞŶĐLJŝƐƐƵĞĚdĂdžĂůůŽĐĂƚŝŽŶZĞĨƵŶĚŝŶŐŽŶĚƐ͕^ĞƌŝĞƐϮϬϮϭƚŽƌĞĨƵŶĚƚŚĞϮϬϭϰdĂdž ůůŽĐĂƚŝŽŶZĞĨƵŶĚŝŶŐŽŶĚƐ͘ƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƚŚĞϮϬϭϰdĂdžůůŽĐĂƚŝŽŶZĞĨƵŶĚŝŶŐďŽŶĚƐǁĞƌĞĚĞĨĞĂƐĞĚ͘  ϮϬϭϲ^ĞƌŝĞƐ  KŶĞĐĞŵďĞƌϮϮ͕ϮϬϭϲ͕ƚŚĞ>ĂYƵŝŶƚĂZĞĚĞǀĞůŽƉŵĞŶƚWƌŽũĞĐƚƌĞĂƐEŽ͘ϭĂŶĚϮ^ƵďŽƌĚŝŶĂƚĞdĂdžůůŽĐĂƚŝŽŶ ZĞĨƵŶĚŝŶŐŽŶĚƐϮϬϭϲdĂdžĂďůĞ^ĞƌŝĞƐŽŶĚƐǁĞƌĞŝƐƐƵĞĚĨŽƌΨϯϱ͕Ϭϱϱ͕ϬϬϬďLJƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJƚŽƚŚĞ>Ă YƵŝŶƚĂZĞĚĞǀĞůŽƉŵĞŶƚŐĞŶĐLJ;ƚŚĞ͞ŐĞŶĐLJ͟ͿƚŽƌĞĨŝŶĂŶĐĞŽŶĂŶĂĚǀĂŶĐĞďĂƐŝƐƚŚĞ>ĂYƵŝŶƚĂZĞĚĞǀĞůŽƉŵĞŶƚ ŐĞŶĐLJ͛Ɛ;ƚŚĞ͞WƌŝŽƌŐĞŶĐLJ͟ͿƉƌĞǀŝŽƵƐůLJŝƐƐƵĞĚΨϲ͕ϬϬϬ͕ϬϬϬ>ĂYƵŝŶƚĂZĞĚĞǀĞůŽƉŵĞŶƚWƌŽũĞĐƚƌĞĂEŽ͘Ϯ͕ ^ƵďŽƌĚŝŶĂƚĞdĂdžĂďůĞdĂdžůůŽĐĂƚŝŽŶŽŶĚƐ͕^ĞƌŝĞƐϮϬϭϭ;ƚŚĞ͞ϮϬϭϭWƌŽũĞĐƚƌĞĂEŽ͘ϮdĂdžĂďůĞŽŶĚƐ͟ͿŽĨǁŚŝĐŚ Ψϱ͕ϴϭϬ͕ϬϬϬǁĂƐŽƵƚƐƚĂŶĚŝŶŐĂŶĚƚŚĞWƌŝŽƌŐĞŶĐLJ͛ƐůŽĂŶŽďůŝŐĂƚŝŽŶƵŶĚĞƌƚŚĞ>ŽĂŶŐƌĞĞŵĞŶƚ͕ĚĂƚĞĚ&ĞďƌƵĂƌLJ ϯ͕ϮϬϬϰĂƐƐƵƉƉůĞŵĞŶƚĞĚďLJƚŚĞ^ĞĐŽŶĚ^ƵƉƉůĞŵĞŶƚĂů>ŽĂŶŐƌĞĞŵĞŶƚ͕ĚĂƚĞĚĂƐŽĨDĂƌĐŚϭ͕ϮϬϭϭ;ƚŚĞ͞ϮϬϭϭ >ŽĂŶKďůŝŐĂƚŝŽŶ͟ͿŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚĞ>ĂYƵŝŶƚĂ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJ͛ƐƉƌĞǀŝŽƵƐůLJŝƐƐƵĞĚΨϮϴ͕ϴϱϬ͕ϬϬϬ>ŽĐĂů ŐĞŶĐLJ^ƵďŽƌĚŝŶĂƚĞdĂdžĂďůĞZĞǀĞŶƵĞŽŶĚƐ͕ϮϬϭϭ^ĞƌŝĞƐ;ƚŚĞ͞ϮϬϭϭdĂdžĂďůĞ,ŽƵƐŝŶŐŽŶĚƐ͟ͿŽĨǁŚŝĐŚ ΨϮϲ͕ϲϯϱ͕ϬϬϬǁĂƐŽƵƚƐƚĂŶĚŝŶŐ͘  dŚĞŽŶĚƐǁĞƌĞŝƐƐƵĞĚŽŶĂƐƵďŽƌĚŝŶĂƚĞďĂƐŝƐƚŽƚŚĞΨϲϱ͕ϲϬϬ͕ϬϬϬ^ƵĐĐĞƐƐŽƌŐĞŶĐLJƚŽƚŚĞ>ĂYƵŝŶƚĂ ZĞĚĞǀĞůŽƉŵĞŶƚŐĞŶĐLJ͕>ĂYƵŝŶƚĂZĞĚĞǀĞůŽƉŵĞŶƚWƌŽũĞĐƚƌĞĂƐEŽ͘ϭĂŶĚϮ͕dĂdžůůŽĐĂƚŝŽŶZĞĨƵŶĚŝŶŐŽŶĚƐ͕ ϮϬϭϰ^ĞƌŝĞƐ͘dŚĞŽŶĚƐĂƌĞƉĂLJĂďůĞĨƌŽŵĂŶĚƐĞĐƵƌĞĚďLJƚŚĞWůĞĚŐĞĚdĂdžZĞǀĞŶƵĞƐ͕ĂƐĚĞĨŝŶĞĚŚĞƌĞŝŶ͕ƚŽďĞ ĚĞƌŝǀĞĚĨƌŽŵƚŚĞ>ĂYƵŝŶƚĂZĞĚĞǀĞůŽƉŵĞŶƚWƌŽũĞĐƚƌĞĂEŽ͘ϭĂŶĚ>ĂYƵŝŶƚĂZĞĚĞǀĞůŽƉŵĞŶƚWƌŽũĞĐƚƌĞĂEŽ͘Ϯ͘  dŚĞƉƌŝŶĐŝƉĂůŽĨĂŶĚŝŶƚĞƌĞƐƚŽŶƚŚĞŽŶĚƐĂƌĞƉĂLJĂďůĞƐŽůĞůLJĨƌŽŵƚŚĞƉůĞĚŐĞĚƚĂdžƌĞǀĞŶƵĞƐĂůůŽĐĂƚĞĚƚŽƚŚĞ ^ƵĐĐĞƐƐŽƌŐĞŶĐLJĨƌŽŵƚŚĞƉƌŽũĞĐƚĂƌĞĂƐ͘dŚĞƉƌŝŶĐŝƉĂůďĂůĂŶĐĞŽĨŽƵƚƐƚĂŶĚŝŶŐďŽŶĚƐĂƚ:ƵŶĞϯϬ͕ϮϬϮϭ͕ŝƐ ΨϮϵ͕ϯϴϬ͕ϬϬϬǁŝƚŚĂŶƵŶĂŵŽƌƚŝnjĞĚĚŝƐĐŽƵŶƚŽĨΨϭϵϲ͕ϴϭϭ͘   423 ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ϳϭ dŚĞŽŶĚƐŵĂƚƵƌĞŝŶϮϬϰϬ͕ďƵƚŵĂLJďĞĐĂůůĞĚďĞĨŽƌĞŵĂƚƵƌŝƚLJĂŶĚƌĞĚĞĞŵĞĚĂƚƚŚĞŽƉƚŝŽŶŽĨƚŚĞŐĞŶĐLJ͕ŝŶ ǁŚŽůĞŽƌŝŶƉĂƌƚ͕ĨƌŽŵƚŚĞƉƌŽĐĞĞĚƐŽĨƌĞĨƵŶĚŝŶŐďŽŶĚƐŽƌŽƚŚĞƌĂǀĂŝůĂďůĞĨƵŶĚƐ͕ŽŶ^ĞƉƚĞŵďĞƌϭ͕ϮϬϮϲŽƌŽŶ ĂŶLJĚĂƚĞƚŚĞƌĞĂĨƚĞƌƉƌŝŽƌƚŽŵĂƚƵƌŝƚLJĂƚĂƌĞĚĞŵƉƚŝŽŶƉƌŝĐĞĞƋƵĂůƚŽƚŚĞƉƌŝŶĐŝƉĂůĂŵŽƵŶƚŽĨŽŶĚƐƚŽďĞ ƌĞĚĞĞŵĞĚ͕ǁŝƚŚŽƵƚƉƌĞŵŝƵŵ͕ƉůƵƐĂĐĐƌƵĞĚŝŶƚĞƌĞƐƚƚŽƚŚĞƌĞĚĞŵƉƚŝŽŶĚĂƚĞ͘ WƌŝŶĐŝƉĂů /ŶƚĞƌĞƐƚ dŽƚĂů ϭ͕ϯϵϱ͕ϬϬϬΨ ϭ͕ϭϭϴ͕ϴϰϬΨ Ϯ͕ϱϭϯ͕ϴϰϬΨ  ϭ͕ϰϯϬ͕ϬϬϬϭ͕Ϭϳϵ͕ϮϱϱϮ͕ϱϬϵ͕Ϯϱϱ ϭ͕ϰϲϱ͕ϬϬϬϭ͕Ϭϯϱ͕ϰϳϵϮ͕ϱϬϬ͕ϰϳϵ ϭ͕ϱϭϬ͕ϬϬϬϵϴϴ͕ϯϭϱϮ͕ϰϵϴ͕ϯϭϱ ϭ͕ϱϲϱ͕ϬϬϬϵϯϳ͕ϲϴϬϮ͕ϱϬϮ͕ϲϴϬ ϴ͕ϲϵϱ͕ϬϬϬϯ͕ϳϴϬ͕ϭϳϭϭϮ͕ϰϳϱ͕ϭϳϭ ϭϭ͕ϰϱϱ͕ϬϬϬϭ͕ϳϴϭ͕ϭϬϵϭϯ͕Ϯϯϲ͕ϭϬϵ ϭ͕ϴϲϱ͕ϬϬϬϭϯϰ͕ϱϲϱϭ͕ϵϵϵ͕ϱϲϱ Ϯϵ͕ϯϴϬ͕ϬϬϬΨ ϭϬ͕ϴϱϱ͕ϰϭϰΨ ϰϬ͕Ϯϯϱ͕ϰϭϰΨ  zĞĂƌŶĚŝŶŐ:ƵŶĞϯϬ͕ ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ ϮϬϮϱ ϮϬϮϲ ϮϬϮϳͲϮϬϯϭ ϮϬϯϮͲϮϬϯϲ ϮϬϯϳͲϮϬϰϬ ϮϬϮϭ^ĞƌŝĞƐ KŶƉƌŝůϭϰ͕ϮϬϮϭ͕ƚŚĞŐĞŶĐLJŝƐƐƵĞĚΨϭϱϲ͕ϵϭϱ͕ϬϬϬŝŶ^ĞƌŝĞƐϮϬϮϭdĂdžůůŽĐĂƚŝŽŶZĞĨƵŶĚŝŶŐŽŶĚƐƚŽƌĞĨƵŶĚ ƚŚĞ^ĞƌŝĞƐϮϬϭϯĂŶĚĂŶĚ^ĞƌŝĞƐϮϬϭϰdĂdžůůŽĐĂƚŝŽŶŽŶĚƐ͘ dŚĞďŽŶĚƐĂƌĞƉĂLJĂďůĞŝŶĂŶŶƵĂůŝŶƐƚĂůůŵĞŶƚƐƌĂŶŐŝŶŐĨƌŽŵΨϰ͕ϳϴϱ͕ϬϬϬƚŽΨϭϯ͕ϲϭϬ͕ϬϬϬƵŶƚŝůŵĂƚƵƌŝƚLJŽŶ ^ĞƉƚĞŵďĞƌϭ͕ϮϬϯϰ͘/ŶƚĞƌĞƐƚŝƐƉĂLJĂďůĞƐĞŵŝĂŶŶƵĂůůLJŽŶDĂƌĐŚϭĂŶĚ^ĞƉƚĞŵďĞƌϭŽĨĞĂĐŚLJĞĂƌ͕ĂƚĂƌĂƚĞŽĨ Ϯ͘ϳϳϰй͘ŽŶĚƐŽƵƚƐƚĂŶĚŝŶŐĂƚ:ƵŶĞϯϬ͕ϮϬϮϭǁĞƌĞΨϭϱϲ͕ϵϭϱ͕ϬϬϬ͘dŚĞƉƌŝŶĐŝƉĂůĂŶĚŝŶƚĞƌĞƐƚŽŶƚŚĞďŽŶĚƐĂƌĞ ƉĂLJĂďůĞƐŽůĞůLJĨƌŽŵƚŚĞƉůĞĚŐĞĚƚĂdžƌĞǀĞŶƵĞƐĂůůŽĐĂƚĞĚƚŽƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJĨƌŽŵƚŚĞƉƌŽũĞĐƚĂƌĞĂƐ͘ dŚĞƐĞďŽŶĚƐƌĞƐƵůƚĞĚŝŶĂĨƵůůĚĞĨĞĂƐĂŶĐĞŽĨƚŚĞϮϬϭϯĂŶĚĂŶĚϮϬϭϰdĂdžůůŽĐĂƚŝŽŶŽŶĚƐ͕ĂŶĚƚŚĞƌĞůĂƚĞĚ ůŝĂďŝůŝƚLJŚĂƐďĞĞŶƌĞŵŽǀĞĚĨƌŽŵƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚŽĨƚŚĞŝƚLJ͘dŚĞƌĞĨƵŶĚŝŶŐƌĞƐƵůƚĞĚŝŶĂĚĞĨĞƌƌĞĚůŽƐƐŽĨ ΨϭϬ͕ϯϵϭ͕ϳϭϬ͘ &ƵƚƵƌĞĚĞďƚƐĞƌǀŝĐĞƌĞƋƵŝƌĞŵĞŶƚƐŽŶƚŚĞƐĞďŽŶĚƐĂƌĞĂƐĨŽůůŽǁƐ͗ WƌŝŶĐŝƉĂů /ŶƚĞƌĞƐƚ dŽƚĂů ϭϬ͕ϱϵϬ͕ϬϬϬΨϮ͕ϭϴϭ͕ϵϬϭΨ ϭϮ͕ϳϳϭ͕ϵϬϭΨ  ϭϭ͕ϳϲϬ͕ϬϬϬϮ͕ϰϰϵ͕ϯϯϲϭϰ͕ϮϬϵ͕ϯϯϲ ϭϭ͕ϳϵϬ͕ϬϬϬϮ͕ϰϬϱ͕ϲϯϴϭϰ͕ϭϵϱ͕ϲϯϴ ϭϭ͕ϴϰϱ͕ϬϬϬϮ͕ϯϯϴ͕ϬϭϬϭϰ͕ϭϴϯ͕ϬϭϬ ϭϭ͕ϵϮϬ͕ϬϬϬϮ͕ϮϮϳ͕ϲϱϬϭϰ͕ϭϰϳ͕ϲϱϬ ϲϮ͕ϰϭϱ͕ϬϬϬϴ͕Ϭϴϴ͕ϲϱϳϳϬ͕ϱϬϯ͕ϲϱϳ ϯϲ͕ϱϵϱ͕ϬϬϬϭ͕ϰϴϴ͕ϯϴϬϯϴ͕Ϭϴϯ͕ϯϴϬ ϭϱϲ͕ϵϭϱ͕ϬϬϬΨϮϭ͕ϭϳϵ͕ϱϳϮΨ ϭϳϴ͕Ϭϵϰ͕ϱϳϮΨ zĞĂƌŶĚŝŶŐ:ƵŶĞϯϬ͕ ϮϬϮϳͲϮϬϯϭ ϮϬϯϮͲϮϬϯϱ ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ ϮϬϮϱ ϮϬϮϲ 424  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϳϮ >ŽĂŶƐĨƌŽŵƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂ  dŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂůŽĂŶĞĚŵŽŶĞLJƚŽƚŚĞ&ŽƌŵĞƌŐĞŶĐLJƚŽĐŽǀĞƌŽƉĞƌĂƚŝŶŐĂŶĚĐĂƉŝƚĂůƐŚŽƌƚĨĂůůƐ͘/ŶĂůĞƚƚĞƌ ĚĂƚĞĚEŽǀĞŵďĞƌϲ͕ϮϬϭϯ͕ƚŚĞĂůŝĨŽƌŶŝĂĞƉĂƌƚŵĞŶƚŽĨ&ŝŶĂŶĐĞĂƉƉƌŽǀĞĚƚŚĞůŽĂŶƐĂƐĞŶĨŽƌĐĞĂďůĞŽďůŝŐĂƚŝŽŶƐƚŽ ďĞƉĂŝĚƚŚƌŽƵŐŚ^ƵĐĐĞƐƐŽƌŐĞŶĐLJƉƌŽƉĞƌƚLJƚĂdž͘dŚŝƐůŽĂŶĂƉƉƌŽǀĞĚƐƉůŝƚďĞƚǁĞĞŶƚŚĞŝƚLJ͛Ɛ'ĞŶĞƌĂůĂŶĚƚŚĞ ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ&ƵŶĚƐ͘ƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭ͕ƉƌŝŶĐŝƉĂůĂŶĚŝŶƚĞƌĞƐƚĚƵĞƚŽƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂǁĂƐ ΨϯϬ͕Ϭϴϴ͕Ϯϳϴ͕ĂŶĚŝƐŝŶĐůƵĚĞĚĂƐƉĂƌƚŽĨƚŚĞĚƵĞĨƌŽŵŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐďĂůĂŶĐĞŝŶƚŚĞŝƚLJ͛Ɛ'ĞŶĞƌĂůĂŶĚƚŚĞ ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ&ƵŶĚƐ͘  KŶEŽǀĞŵďĞƌϮϮ͕ϮϬϭϳ͕ƚŚĞĞƉĂƌƚŵĞŶƚŽĨ&ŝŶĂŶĐĞ;K&ͿĂƉƉƌŽǀĞĚƚŚĞůĂƐƚĂŶĚĨŝŶĂůZĞĐŽŐŶŝnjĞĚKďůŝŐĂƚŝŽŶ WĂLJŵĞŶƚ^ĐŚĞĚƵůĞƐ;ZKW^Ϳ͘dŚĞZKW^ŝƐĂĐŽŵƉƌĞŚĞŶƐŝǀĞƐĐŚĞĚƵůĞǁŚŝĐŚŝŶĐůƵĚĞƐĂůůďŽŶĚĚĞďƚƐĞƌǀŝĐĞ ƉĂLJŵĞŶƚƐ͕ŝƚLJůŽĂŶƌĞƉĂLJŵĞŶƚƐ͕ĂĚŵŝŶŝƐƚƌĂƚŝŽŶ͕ĂŶĚĂŶŶƵĂůƌĞƉŽƌƚŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐĨƌŽŵĨŝƐĐĂůLJĞĂƌƐϮϬϭϴͲϮϬϭϵ ƚŽϮϬϯϵͲϮϬϰϬ͘  WůĞĚŐĞĚdĂdžZĞǀĞŶƵĞƐ  dŚĞŝƚLJƉůĞĚŐĞĚ͕ĂƐƐĞĐƵƌŝƚLJĨŽƌďŽŶĚƐŝƐƐƵĞĚ͕ĞŝƚŚĞƌĚŝƌĞĐƚůLJŽƌƚŚƌŽƵŐŚƚŚĞ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJ͕ĂƉŽƌƚŝŽŶŽĨƚĂdž ŝŶĐƌĞŵĞŶƚƌĞǀĞŶƵĞ;ŝŶĐůƵĚŝŶŐ>ŽǁĂŶĚDŽĚĞƌĂƚĞ/ŶĐŽŵĞ,ŽƵƐŝŶŐƐĞƚͲĂƐŝĚĞĂŶĚƉĂƐƐƚŚƌŽƵŐŚĂůůŽĐĂƚŝŽŶƐͿƚŚĂƚŝƚ ƌĞĐĞŝǀĞƐ͘dŚĞďŽŶĚƐŝƐƐƵĞĚǁĞƌĞƚŽƉƌŽǀŝĚĞĨŝŶĂŶĐŝŶŐĨŽƌǀĂƌŝŽƵƐĐĂƉŝƚĂůƉƌŽũĞĐƚƐ͕ĂĐĐŽŵƉůŝƐŚ>ŽǁĂŶĚDŽĚĞƌĂƚĞ /ŶĐŽŵĞ,ŽƵƐŝŶŐƉƌŽũĞĐƚƐĂŶĚƚŽĚĞĨĞĂƐĞƉƌĞǀŝŽƵƐůLJŝƐƐƵĞĚďŽŶĚƐ͘ƐƐĞŵďůLJŝůůϭyϮϲƉƌŽǀŝĚĞĚƚŚĂƚƵƉŽŶ ĚŝƐƐŽůƵƚŝŽŶŽĨƚŚĞZĞĚĞǀĞůŽƉŵĞŶƚŐĞŶĐLJ͕ƉƌŽƉĞƌƚLJƚĂdžĞƐĂůůŽĐĂƚĞĚƚŽƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐŝĞƐŶŽůŽŶŐĞƌĂƌĞ ĚĞĞŵĞĚƚĂdžŝŶĐƌĞŵĞŶƚďƵƚƌĂƚŚĞƌƉƌŽƉĞƌƚLJƚĂdžƌĞǀĞŶƵĞƐĂŶĚǁŝůůďĞĂůůŽĐĂƚĞĚĨŝƌƐƚƚŽƐƵĐĐĞƐƐŽƌĂŐĞŶĐŝĞƐƚŽŵĂŬĞ ƉĂLJŵĞŶƚƐŽŶƚŚĞŝŶĚĞďƚĞĚŶĞƐƐŝŶĐƵƌƌĞĚďLJƚŚĞĚŝƐƐŽůǀĞĚƌĞĚĞǀĞůŽƉŵĞŶƚĂŐĞŶĐLJ͘dŽƚĂůƉƌŝŶĐŝƉĂůĂŶĚŝŶƚĞƌĞƐƚ ƌĞŵĂŝŶŝŶŐŽŶƚŚĞĚĞďƚŝƐΨϮϭϴ͕ϯϮϵ͕ϵϴϲǁŝƚŚĂŶŶƵĂůĚĞďƚƐĞƌǀŝĐĞƌĞƋƵŝƌĞŵĞŶƚƐĂƐŝŶĚŝĐĂƚĞĚĂďŽǀĞ͘&ŽƌƚŚĞ ĐƵƌƌĞŶƚLJĞĂƌ͕ƚŚĞƚŽƚĂůƉƌŽƉĞƌƚLJƚĂdžƌĞǀĞŶƵĞƌĞĐŽŐŶŝnjĞĚďLJƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJĨŽƌƚŚĞƉĂLJŵĞŶƚŽĨ ŝŶĚĞďƚĞĚŶĞƐƐŝŶĐƵƌƌĞĚǁĂƐΨϮϬ͕ϳϵϴ͕ϵϵϱĂŶĚƚŚĞĚĞďƚƐĞƌǀŝĐĞŽďůŝŐĂƚŝŽŶŽŶƚŚĞďŽŶĚƐǁĂƐΨϭϳ͕ϯϰϬ͕ϰϲϰ͘  /ŶƐƵƌĂŶĐĞ  dŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJŽĨƚŚĞ&ŽƌŵĞƌŐĞŶĐLJŝƐĐŽǀĞƌĞĚƵŶĚĞƌƚŚĞŝŶƐƵƌĂŶĐĞƉŽůŝĐLJŽĨƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂĂƚ :ƵŶĞϯϬ͕ϮϬϮϭ͘   EŽƚĞϭϴͲ džƚƌĂŽƌĚŝŶĂƌLJ/ƚĞŵ  ŶŶƵĂůůŽĂŶƌĞƉĂLJŵĞŶƚƐŽĨƚŚĞůŽĂŶďĞƚǁĞĞŶƚŚĞŝƚLJĂŶĚƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJĂƌĞĨŝƌƐƚĂƉƉůŝĞĚƚŽƉƌŝŶĐŝƉĂů ƚŚĞŶŝŶƚĞƌĞƐƚĂŶĚǁŚĞŶƌĞĐĞŝǀĞĚĂƌĞĂůůŽĐĂƚĞĚϴϬƉĞƌĐĞŶƚ'ĞŶĞƌĂů&ƵŶĚĂŶĚϮϬƉĞƌĐĞŶƚ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ&ƵŶĚ͘ dŚĞŝŶƚĞƌĞƐƚĂĐĐƌƵĞĚŽŶƚŚĞĂĚũƵƐƚĞĚƉƌŝŶĐŝƉĂůĂŵŽƵŶƚŝƐƌĞĨůĞĐƚĞĚĂƐĂŶĞdžƚƌĂŽƌĚŝŶĂƌLJŐĂŝŶďLJƚŚĞŝƚLJĂŶĚĂŶ ĞdžƚƌĂŽƌĚŝŶĂƌLJůŽƐƐŝŶƚŚĞ^ƵĐĐĞƐƐŽƌŐĞŶĐLJ͘dŚĞĞƉĂƌƚŵĞŶƚŽĨ&ŝŶĂŶĐĞĂƉƉƌŽǀĂůŽĨƚŚĞůĂƐƚĂŶĚĨŝŶĂůZKW^ ŝŶĐƌĞĂƐĞĚƚŚĞƋƵĂƌƚĞƌůLJŝŶƚĞƌĞƐƚƌĂƚĞ;ĨƌŽŵϯйƚŽϰй͕ƐŝŶĐĞƚŚĞŝŶĐĞƉƚŝŽŶŽĨƚŚĞůŽĂŶŝŶEŽǀĞŵďĞƌϮϬϬϲͿ͘dŚĞ ŝŶƚĞƌĞƐƚĚƵĞĂƐŽĨ:ƵŶĞϯϬ͕ϮϬϮϭǁĂƐΨϭϯ͕ϳϰϵ͕ϭϴϯ͘  425  ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƐƚŽ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ϳϯ EŽƚĞϭϵͲ ^ƵďƐĞƋƵĞŶƚǀĞŶƚƐ  ,ŝŐŚǁĂLJϭϭϭƌŝĚŐĞ&ƵŶĚŝŶŐ͗  /ŶEŽǀĞŵďĞƌϮϬϮϬ͕ĂůƚƌĂŶƐĂĚǀŝƐĞĚƚŚĞŝƚLJƚŚĂƚƚŚĞ,ŝŐŚǁĂLJƌŝĚŐĞWůĂŶŶŝŶŐ;,WͿ&ƵŶĚŝŶŐWƌŽŐƌĂŵŚĂĚďĞĞŶ ŽǀĞƌƐƵďƐĐƌŝďĞĚĨŽƌ&zϮϬϮϬͬϮϭĂŶĚϮϬϮϭͬϮϮĂŶĚƚŚĞƌĞŝƐŶŽĂĚĚŝƚŝŽŶĂůƉƌŽŐƌĂŵŵŝŶŐĐĂƉĂĐŝƚLJĨŽƌƉƌŽũĞĐƚƐ ĂůƌĞĂĚLJŝŶĐŽŶƐƚƌƵĐƚŝŽŶŽƌƌĞĂĚLJƚŽĂĚǀĞƌƚŝƐĞ͘  ƚƚŚĞĚŝƌĞĐƚŝŽŶŽĨƚŚĞŝƚLJŽƵŶĐŝůŝŶ:ƵŶĞϮϬϮϭ͕ƚŚĞŝƚLJĂŐƌĞĞĚƚŽƉƌŽǀŝĚĞ͚ĂƚƌŝƐŬ͛ĂĚǀĂŶĐĞĨƵŶĚŝŶŐƵƐŝŶŐƚŚĞ ĚǀĂŶĐĞŽŶƐƚƌƵĐƚŝŽŶWƌŽĐĞĚƵƌĞŽƵƚůŝŶĞĚŝŶ^ĞĐƚŝŽŶϯ͘ϳŽĨƚŚĞĂůƚƌĂŶƐ>ŽĐĂůWƌŽĐĞĚƵƌĞƐDĂŶƵĂů͕ĂŶĚĂůƚƌĂŶƐ ĂƉƉƌŽǀĞĚƚŚĞŝƚLJ͛ƐƌĞƋƵĞƐƚ͘  dŚĞĞŶǀŝƌŽŶŵĞŶƚĂů͕ĞŶŐŝŶĞĞƌŝŶŐͬĚĞƐŝŐŶĂŶĚƌŝŐŚƚͲŽĨͲǁĂLJƉŚĂƐĞƐĂƌĞĐŽŵƉůĞƚĞĂŶĚĂƌĞĨƵůůLJĨƵŶĚĞĚ͘dŚĞ ĐŽŶƐƚƌƵĐƚŝŽŶƉŚĂƐĞǁŚŝĐŚŝŶĐůƵĚĞƐĐŽŶƐƚƌƵĐƚŝŽŶ͕ĐŽŶƐƚƌƵĐƚŝŽŶĞŶŐŝŶĞĞƌŝŶŐ͕ĂŶĚĐŽŶƚŝŶŐĞŶĐLJŝƐĞƐƚŝŵĂƚĞĚĂƚ ΨϮϬ͕ϴϲϵ͕Ϭϵϴ͘dŚĞ,W&ƵŶĚŝŶŐǁŝůůƵůƚŝŵĂƚĞůLJĐŽŶƚƌŝďƵƚĞϴϴ͘ϱϯйŽƌƵƉƚŽΨϭϰ͕ϵϯϲ͕ϭϮϮƚŽǁĂƌĚĞůŝŐŝďůĞ ;ŽŶƐƚƌƵĐƚŝŽŶWŚĂƐĞͿĐŽƐƚƐ͘dŚŝƐŝƐƚŚĞĂŵŽƵŶƚƚŚĞŝƚLJŝƐƌĞƋƵŝƌĞĚƚŽĂĚǀĂŶĐĞ͘^ƚĂĨĨĂŶĚƚŚĞ&ŝŶĂŶĐĞĚǀŝƐŽƌLJ ŽŵŵŝƚƚĞĞ;&ͿƌĞĐŽŵŵĞŶĚƵƐŝŶŐĂĐŽŵďŝŶĂƚŝŽŶŽĨhŶĂƐƐŝŐŶĞĚZĞƐĞƌǀĞƐĂŶĚDĞĂƐƵƌĞ'ZĞƐĞƌǀĞƐĨŽƌƚŚŝƐ ĂĚǀĂŶĐĞĨƵŶĚŝŶŐĚƵĞƚŽƚŚĞŝƌĐƵƌƌĞŶƚďĂůĂŶĐĞƐ͘dŚĞŝƚLJĂŶƚŝĐŝƉĂƚĞƐƚŚĞƐĞĨƵŶĚƐƚŽďĞƌĞŝŵďƵƌƐĞĚǁŝƚŚŝŶƚǁŽƚŽ ĨŝǀĞĨŝƐĐĂůLJĞĂƌƐ͘ŽƵŶĐŝůĂƉƉƌŽǀĞĚƚŚĞƵƐĞŽĨDĞĂƐƵƌĞ'ƌĞƐĞƌǀĞƐŝŶƚŚĞĂŵŽƵŶƚŽĨΨϳ͕ϰϲϴ͕ϬϲϭĂŶĚhŶĂƐƐŝŐŶĞĚ ƌĞƐĞƌǀĞƐŝŶƚŚĞĂŵŽƵŶƚŽĨΨϳ͕ϰϲϴ͕Ϭϲϭ͕ĨŽƌĂƚŽƚĂůŽĨΨϭϰ͕ϵϯϲ͕ϭϮϮ͘  ŵĞƌŝĐĂŶZĞƐĐƵĞWůĂŶĐƚ&ƵŶĚƐ  ƐƉĂƌƚŽĨŝƚƐďƵĚŐĞƚƉƌŽĐĞƐƐ͕ƚŚĞh͘^͘ĞƉĂƌƚŵĞŶƚŽĨdƌĞĂƐƵƌLJĂůůŽĐĂƚĞĚΨϵ͕ϵϴϳ͕ϬϬϵŽĨŵĞƌŝĐĂŶZĞƐĐƵĞWůĂŶĐƚ ;ZWͿ&ƵŶĚƐƚŽƚŚĞŝƚLJ͘ůůŽĐĂƚŝŽŶƐƚŽƚŚĞŝƚLJƐƚĂƌƚĞĚŝŶ:ƵůLJϮϬϮϭĨŽƌΨϰ͕ϵϵϯ͕ϱϬϰ͘&ƵƌƚŚĞƌ͕ƚŚĞĞƉĂƌƚŵĞŶƚŽĨ dƌĞĂƐƵƌLJǁŝůůĂůůŽĐĂƚĞƚŚĞƐĞĐŽŶĚƚƌĂŶĐŚĞŽĨΨϰ͕ϵϵϯ͕ϱϬϱŝŶZWĨƵŶĚŝŶŐƚŽƚŚĞŝƚLJŝŶƵŐƵƐƚϮϬϮϮ͘   426  ^ĞĞEŽƚĞƚŽZĞƋƵŝƌĞĚ^ƵƉƉůĞŵĞŶƚĂƌLJ/ŶĨŽƌŵĂƚŝŽŶ ϳϰ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ'ĞŶĞƌĂů&ƵŶĚ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϭϮϯ͕ϯϯϯ͕ϲϲϳΨ ϭϮϯ͕ϯϯϯ͕ϲϲϳΨ ϭϮϯ͕ϯϯϯ͕ϲϲϳΨ ͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ dĂdžĞƐ ϯϴ͕ϱϵϲ͕ϬϬϬ ϰϰ͕ϴϳϴ͕ϬϬϬ ϱϭ͕ϱϭϱ͕ϴϱϰ ϲ͕ϲϯϳ͕ϴϱϰ >ŝĐĞŶƐĞƐĂŶĚƉĞƌŵŝƚƐ ϭ͕ϭϯϲ͕ϴϬϬ ϭ͕ϭϴϲ͕ϴϬϬ Ϯ͕ϬϮϬ͕ϱϵϲ ϴϯϯ͕ϳϵϲ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϴ͕ϰϳϵ͕ϳϬϬ ϵ͕ϯϰϯ͕ϲϯϰ ϴ͕ϱϱϭ͕ϵϲϰ ;ϳϵϭ͕ϲϳϬͿ ŚĂƌŐĞƐĨŽƌƐĞƌǀŝĐĞƐ ϳϴϱ͕ϱϬϬ ϱϳϱ͕ϬϬϬ ϵϲϰ͕ϳϭϬ ϯϴϵ͕ϳϭϬ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϴϰϱ͕ϬϬϬ ϴϰϱ͕ϬϬϬ ϭ͕ϱϲϵ͕ϭϰϵ ϳϮϰ͕ϭϰϵ &ŝŶĞƐĂŶĚĨŽƌĨĞŝƚƵƌĞƐ ϮϵϬ͕ϬϬϬ Ϯϲϰ͕ϬϬϬ ϳϳϵ͕ϲϬϲ ϱϭϱ͕ϲϬϲ DŝƐĐĞůůĂŶĞŽƵƐ ϱϵϯ͕ϭϬϬ ϱϵϯ͕ϭϬϬ ϲϰϮ͕ϵϰϵ ϰϵ͕ϴϰϵ džƚƌĂŽƌĚŝŶĂƌLJ/ƚĞŵ Ͳ Ͳ ϱϵϭ͕ϵϰϲ ϱϵϭ͕ϵϰϲ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϳϰ͕Ϭϱϵ͕ϳϲϳϭϴϭ͕Ϭϭϵ͕ϮϬϭϭϴϵ͕ϵϳϬ͕ϰϰϭϴ͕ϵϱϭ͕ϮϰϬ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ 'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚ >ĞŐŝƐůĂƚŝǀĞ ϮϵϮ͕ϵϬϬϮϵϮ͕ϵϬϬϮϯϯ͕ϱϯϲϱϵ͕ϯϲϰ ŝƚLJŵĂŶĂŐĞƌ ϳϬϳ͕ϬϬϬϳϲϳ͕ϬϬϬϲϲϵ͕ϱϭϲϵϳ͕ϰϴϰ ŝƚLJĂƚƚŽƌŶĞLJ ϱϲϱ͕ϬϬϬϱϲϱ͕ϬϬϬϰϱϳ͕ϯϱϰϭϬϳ͕ϲϰϲ DĂƌŬĞƚŝŶŐ ϭ͕ϭϮϵ͕ϴϬϬϭ͕ϭϭϬ͕ϯϬϬϭ͕ϭϬϱ͕ϰϴϮϰ͕ϴϭϴ ,ƵŵĂŶƌĞƐŽƵƌĐĞƐ Ϯϲϰ͕ϰϬϬϯϬϰ͕ϰϬϬϮϭϱ͕ϮϱϬϴϵ͕ϭϱϬ ŝƚLJĐůĞƌŬ ϱϵϯ͕ϰϬϬϲϯϵ͕ϭϬϬϰϵϰ͕ϭϳϱϭϰϰ͕ϵϮϱ &ŝƐĐĂůƐĞƌǀŝĐĞƐ ϭ͕ϯϵϯ͕ϰϬϬϭ͕ϰϮϯ͕ϰϬϬϭ͕ϯϬϰ͕ϯϱϰϭϭϵ͕Ϭϰϲ ĞŶƚƌĂůƐĞƌǀŝĐĞƐ Ϯ͕ϮϱϬ͕ϳϬϬϮ͕ϰϵϳ͕ϮϬϬϯ͕ϭϱϮ͕ϱϭϯ;ϲϱϱ͕ϯϭϯͿ dŚĞ,ƵďĐƵƐƚŽŵĞƌƐĞƌǀŝĐĞƐ ϭ͕Ϭϴϵ͕ϱϬϬϵϬϴ͕ϯϬϬϴϯϬ͕ϵϱϬϳϳ͕ϯϱϬ WƵďůŝĐƐĂĨĞƚLJ WŽůŝĐĞ ϭϳ͕ϱϬϲ͕ϳϬϬϭϳ͕ϮϬϰ͕ϳϬϬϭϲ͕ϰϳϵ͕ϵϬϳϳϮϰ͕ϳϵϯ ŽĚĞĐŽŵƉůŝĂŶĐĞ ϭ͕ϯϱϮ͕ϮϬϬϭ͕ϭϵϲ͕ϴϬϬϭ͕ϭϯϴ͕ϯϭϳϱϴ͕ϰϴϯ &ŝƌĞ ϴ͕ϬϮϭ͕ϳϬϬϵ͕ϭϲϱ͕ϰϮϮϲ͕ϲϲϳ͕ϮϵϯϮ͕ϰϵϴ͕ϭϮϵ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ƵƌƌĞŶƚƉůĂŶŶŝŶŐ ϱϭϵ͕ϭϬϬϱϭϯ͕ϵϬϬϱϮϬ͕Ϭϴϰ;ϲ͕ϭϴϰͿ WƵďůŝĐďƵŝůĚŝŶŐƐ ϭ͕ϯϮϭ͕ϳϬϬϭ͕ϭϰϬ͕ϳϬϬϭ͕ϭϭϵ͕ϴϭϰϮϬ͕ϴϴϲ ƵŝůĚŝŶŐΘƐĂĨĞƚLJ ϵϯϵ͕ϬϬϬϳϳϳ͕ϭϬϬϳϭϳ͕ϵϵϴϱϵ͕ϭϬϮ ĚŵŝŶŝƐƚƌĂƚŝŽŶ ϲϲϱ͕ϲϬϬϱϭϵ͕ϯϬϬϲϯϵ͕ϱϲϯ;ϭϮϬ͕ϮϲϯͿ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐĂĚŵŝŶ ϳϬϬ͕ϲϬϬϳϬϬ͕ϲϬϬϲϵϵ͕ϳϴϰϴϭϲ tĞůůŶĞƐƐĐĞŶƚĞƌ ϳϯϱ͕ϴϬϬϱϰϯ͕ϴϬϬϰϵϱ͕ϱϲϳϰϴ͕Ϯϯϯ ZĞĐƌĞĂƚŝŽŶƉƌŽŐƌĂŵƐͬƐƉĞĐŝĂůĞǀĞŶƚƐ ϱϬϭ͕ϲϬϬϰϯϴ͕ϳϬϬϮϬϴ͕ϱϬϬϮϯϬ͕ϮϬϬ WĂƌŬŵĂŝŶƚĞŶĂŶĐĞ ϭ͕ϴϵϵ͕ϱϬϬϭ͕ϲϳϬ͕ϴϬϬϭ͕ϳϴϮ͕ϭϵϭ;ϭϭϭ͕ϯϵϭͿ WƵďůŝĐǁŽƌŬƐ ĚŵŝŶŝƐƚƌĂƚŝŽŶ ϳϮϮ͕ϴϬϬϳϭϵ͕ϮϬϬϱϬϵ͕ϰϲϲϮϬϵ͕ϳϯϰ ĞǀĞůŽƉŵĞŶƚƐĞƌǀŝĐĞƐ ϯϴϵ͕ϲϬϬϯϵϬ͕ϮϬϬϯϱϰ͕ϴϵϱϯϱ͕ϯϬϱ DĂŝŶƚĞŶĂŶĐĞͬŽƉĞƌĂƚŝŽŶƐͲƐƚƌĞĞƚ ϰϴϵ͕ϭϬϬϰϴϰ͕ϯϬϬϰϮϱ͕ϳϰϯϱϴ͕ϱϱϳ ŶŐŝŶĞĞƌŝŶŐƐĞƌǀŝĐĞƐ ϴϯϬ͕ϳϬϬϵϵϵ͕ϬϬϬϲϰϬ͕ϳϯϰϯϱϴ͕Ϯϲϲ ĂƉŝƚĂůŽƵƚůĂLJ ϭϱϲ͕ϬϬϬϭϱϲ͕ϬϬϬϰϰϬ͕ϰϴϵ;Ϯϴϰ͕ϰϴϵͿ dƌĂŶƐĨĞƌƐŽƵƚ ϰ͕ϬϴϬ͕ϬϬϬϯ͕ϵϱϭ͕ϵϬϬϲ͕ϯϱϬ͕ϰϮϯ;Ϯ͕ϯϵϴ͕ϱϮϯͿ dŽƚĂůĐŚĂƌŐĞƐƚŽĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϰϵ͕ϭϭϳ͕ϴϬϬϰϵ͕ϬϴϬ͕ϬϮϮϰϳ͕ϲϱϯ͕ϴϵϴϭ͕ϰϮϲ͕ϭϮϰ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϭϮϰ͕ϵϰϭ͕ϵϲϳΨϭϯϭ͕ϵϯϵ͕ϭϳϵΨϭϰϮ͕ϯϭϲ͕ϱϰϯΨϭϬ͕ϯϳϳ͕ϯϲϰΨ ƵĚŐĞƚŵŽƵŶƚƐ   427  ^ĞĞEŽƚĞƚŽZĞƋƵŝƌĞĚ^ƵƉƉůĞŵĞŶƚĂƌLJ/ŶĨŽƌŵĂƚŝŽŶ ϳϱ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ,ŽƵƐŝŶŐƵƚŚŽƌŝƚLJ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϮϮ͕ϴϭϴ͕ϱϵϱΨ ϮϮ͕ϴϭϴ͕ϱϵϱΨ ϮϮ͕ϴϭϴ͕ϱϵϱΨ ͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ Ϯϯϱ͕ϯϬϬϮϬϱ͕ϯϬϬ ϭ͕Ϭϰϴ͕ϲϵϱϴϰϯ͕ϯϵϱ džƚƌĂŽƌĚŝŶĂƌLJŝƚĞŵ Ͳ ϭ͕Ϭϲϭ͕ϰϱϲϭϰϳ͕ϵϴϳ ;ϵϭϯ͕ϰϲϵͿ DŝƐĐĞůůĂŶĞŽƵƐ ϯϭϯ͕ϬϬϬϲϳϬ͕ϬϬϬ ϭ͕ϴϮϬ ;ϲϲϴ͕ϭϴϬͿ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌĂƉƉƌŽƉƌŝĂƚŝŽŶƐ Ϯϯ͕ϯϲϲ͕ϴϵϱ Ϯϰ͕ϳϱϱ͕ϯϱϭ Ϯϰ͕Ϭϭϳ͕Ϭϵϳ ;ϳϯϴ͕ϮϱϰͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ϴϮϮ͕ϯϬϬ ϭ͕ϮϳϬ͕ϬϲϮϴϱϭ͕ϴϮϬϰϭϴ͕ϮϰϮ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ϮϱϬ͕ϬϬϬϯϬϬ͕ϬϬϬϯϬϬ͕ϬϬϬ Ͳ dƌĂŶƐĨĞƌŽƵƚ Ͳ ͲϮϳϴ͕ϬϲϮ ;Ϯϳϴ͕ϬϲϮͿ dŽƚĂůĐŚĂƌŐĞƐƚŽĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭ͕ϬϳϮ͕ϯϬϬ ϭ͕ϱϳϬ͕ϬϲϮ ϭ͕ϰϮϵ͕ϴϴϮϭϰϬ͕ϭϴϬ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϮϮ͕Ϯϵϰ͕ϱϵϱΨ Ϯϯ͕ϭϴϱ͕ϮϴϵΨ ϮϮ͕ϱϴϳ͕ϮϭϱΨ ;ϱϵϴ͕ϬϳϰͿΨ ƵĚŐĞƚŵŽƵŶƚƐ   428  ϳϲ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ĐŚĞĚƵůĞŽĨWƌŽƉŽƌƚŝŽŶĂƚĞ^ŚĂƌĞŽĨƚŚĞEĞƚWĞŶƐŝŽŶ>ŝĂďŝůŝƚLJʹDŝƐĐĞůůĂŶĞŽƵƐWůĂŶ >ĂƐƚϭϬzĞĂƌƐΎ   ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ WƌŽƉŽƌƚŝŽŶŽĨƚŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ Ϭ͘ϭϬϯϰй Ϭ͘ϭϮϲϬй Ϭ͘ϭϮϱϳй Ϭ͘ϭϮϳϮй Ϭ͘ϭϮϴϳй Ϭ͘ϭϯϭϯϰй Ϭ͘ϭϯϯϮϵй WƌŽƉŽƌƚŝŽŶĂƚĞƐŚĂƌĞŽĨƚŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ ϲ͕ϰϯϯ͕ϯϵϭΨϴ͕ϲϱϭ͕ϮϵϬΨϭϬ͕ϴϳϰ͕ϬϵϴΨϭϮ͕ϲϭϮ͕ϱϮϯΨϭϮ͕ϰϬϯ͕ϲϵϭΨϭϯ͕ϰϱϴ͕ϮϬϬΨϭϰ͕ϱϬϮ͕ϯϭϭΨ ŽǀĞƌĞĚƉĂLJƌŽůů ϱ͕ϰϮϭ͕ϵϰϱΨϱ͕ϰϴϬ͕ϳϱϴΨϱ͕ϱϲϵ͕ϬϬϮΨϱ͕ϳϯϵ͕ϰϭϲΨϲ͕Ϭϲϰ͕ϴϳϱΨϲ͕ϲϲϵ͕ϮϬϰΨϳ͕Ϭϲϲ͕ϴϯϬΨ WƌŽƉŽƌƚŝŽŶĂƚĞƐŚĂƌĞŽĨƚŚĞŶĞƚƉĞŶƐŝŽŶůŝĂďŝůŝƚLJĂƐĂ ƉĞƌĐĞŶƚĂŐĞŽĨĐŽǀĞƌĞĚƉĂLJƌŽůů ϭϭϴ͘ϲϱй ϭϱϳ͘ϴϱй ϭϵϱ͘Ϯϲй Ϯϭϵ͘ϳϱй ϮϬϰ͘ϱϮй ϮϬϭ͘ϴϬй ϮϬϱ͘ϮϮй WůĂŶĨŝĚƵĐŝĂƌLJŶĞƚƉŽƐŝƚŝŽŶĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞ ƚŽƚĂůƉĞŶƐŝŽŶůŝĂďŝůŝƚLJ ϳϵ͘ϴϮй ϳϴ͘ϰϬй ϳϰ͘Ϭϲй ϳϯ͘ϯϭй ϳϱ͘ϯϬй ϳϱ͘ϯϬй ϳϳ͘ϳϭй ΎͲ&ŝƐĐĂůLJĞĂƌϮϬϭϱǁĂƐƚŚĞĨŝƌƐƚLJĞĂƌŽĨŝŵƉůĞŵĞŶƚĂƚŝŽŶ͕ƚŚĞƌĞĨŽƌĞ͕ŽŶůLJƐĞǀĞŶLJĞĂƌƐĂƌĞƐŚŽǁŶ͘ ŚĂŶŐĞƐŝŶƐƐƵŵƉƚŝŽŶƐ dŚĞĚŝƐĐŽƵŶƚƌĂƚĞĐŚĂŶŐĞĚĨƌŽŵϳ͘ϲϱƉĞƌĐĞŶƚƵƐĞĚĨŽƌƚŚĞ:ƵŶĞϯϬ͕ϮϬϭϲŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞƚŽϳ͘ϭϱƉĞƌĐĞŶƚƵƐĞĚĨŽƌƚŚĞ:ƵŶĞϯϬ͕ϮϬϭϳ ŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞ͘ ŽǀĞƌĞĚWĂLJƌŽůů /ŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ'^^ƚĂƚĞŵĞŶƚEŽ͘ϴϮ͕WĞŶƐŝŽŶ/ƐƐƵĞƐͲŶŵĞŶĚŵĞŶƚŽĨ'^^ƚĂƚĞŵĞŶƚEŽ͘ϲϳ͕EŽ͘ϲϴ͕ĂŶĚEŽ͘ϳϯ͕ǁĞŚĂǀĞƌĞƐƚĂƚĞĚƚŽƐŚŽǁ ĐŽǀĞƌĞĚƉĂLJƌŽůůďĂƐĞĚŽŶƉĞŶƐŝŽŶĂďůĞĞĂƌŶŝŶŐƐ͘   429  ϳϳ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ĐŚĞĚƵůĞŽĨWĞŶƐŝŽŶWůĂŶŽŶƚƌŝďƵƚŝŽŶƐʹDŝƐĐĞůůĂŶĞŽƵƐWůĂŶ >ĂƐƚϭϬzĞĂƌƐΎ   ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ ĐƚƵĂƌŝĂůůLJĚĞƚĞƌŵŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶƐͲ ŵŝƐĐĞůůĂŶĞŽƵƐ ϳϮϴ͕ϬϳϯΨϳϵϳ͕ϲϬϯΨϵϰϵ͕ϮϯϭΨϭ͕Ϭϲϭ͕ϰϯϵΨϭ͕Ϯϴϰ͕ϮϳϱΨϭ͕ϰϳϵ͕ϭϯϳΨϮ͕ϱϴϭ͕ϭϱϴΨ ŽŶƚƌŝďƵƚŝŽŶƐŝŶƌĞůĂƚŝŽŶƚŽƚŚĞĂĐƚƵĂƌŝĂůůLJ ĚĞƚĞƌŵŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶ ;ϳϮϴ͕ϬϳϯͿ;ϳϵϳ͕ϲϬϯͿ;ϵϰϵ͕ϮϯϭͿ;ϭ͕Ϭϲϭ͕ϰϯϵͿ;ϭ͕Ϯϴϰ͕ϮϳϱͿ;ϭ͕ϰϳϵ͕ϭϯϳͿ;Ϯ͕ϱϴϭ͕ϭϱϴͿ ŽŶƚƌŝďƵƚŝŽŶĚĞĨŝĐŝĞŶĐLJ;ĞdžĐĞƐƐͿ ͲΨͲΨͲΨͲΨͲΨͲΨͲΨ ŽǀĞƌĞĚƉĂLJƌŽůů ϱ͕ϰϴϬ͕ϳϱϴΨϱ͕ϱϲϵ͕ϬϬϮΨϱ͕ϳϯϵ͕ϰϭϲΨϲ͕Ϭϲϰ͕ϴϳϱΨϲ͕ϲϲϵ͕ϮϬϰΨϳ͕Ϭϲϲ͕ϴϯϬΨϲ͕Ϯϯϴ͕ϰϮϱΨ ŽŶƚƌŝďƵƚŝŽŶƐĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨĐŽǀĞƌĞĚƉĂLJƌŽůů ϭϯ͘Ϯϴй ϭϰ͘ϯϮй ϭϲ͘ϱϰй ϭϳ͘ϱϬй ϭϵ͘Ϯϲй ϮϬ͘ϵϯй ϰϭ͘ϯϴй ΎͲ&ŝƐĐĂůLJĞĂƌϮϬϭϱǁĂƐƚŚĞĨŝƌƐƚLJĞĂƌŽĨŝŵƉůĞŵĞŶƚĂƚŝŽŶ͕ƚŚĞƌĞĨŽƌĞ͕ŽŶůLJƐĞǀĞŶLJĞĂƌƐĂƌĞƐŚŽǁŶ͘ ŽǀĞƌĞĚWĂLJƌŽůů /ŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ'^^ƚĂƚĞŵĞŶƚEŽ͘ϴϮ͕WĞŶƐŝŽŶ/ƐƐƵĞƐͲŶŵĞŶĚŵĞŶƚŽĨ'^^ƚĂƚĞŵĞŶƚEŽ͘ϲϳ͕EŽ͘ϲϴ͕ĂŶĚEŽ͘ϳϯ͕ǁĞŚĂǀĞƌĞƐƚĂƚĞĚƚŽƐŚŽǁ ĐŽǀĞƌĞĚƉĂLJƌŽůůďĂƐĞĚŽŶƉĞŶƐŝŽŶĂďůĞĞĂƌŶŝŶŐƐ͘   430  ϳϴ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ĐŚĞĚƵůĞŽĨŚĂŶŐĞƐŝŶƚŚĞEĞƚKW>ŝĂďŝůŝƚLJͬ;ƐƐĞƚͿĂŶĚZĞůĂƚĞĚZĂƚŝŽƐ >ĂƐƚϭϬzĞĂƌƐΎ   ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ dŽƚĂůKW>ŝĂďŝůŝƚLJ ^ĞƌǀŝĐĞĐŽƐƚ ϵϯ͕ϰϯϴΨϴϱ͕ϭϳϰΨϴϴ͕ϮϭϵΨ /ŶƚĞƌĞƐƚ ϭϬϬ͕ϭϳϳϵϯ͕Ϭϳϭϵϳ͕ϭϴϯ ŝĨĨĞƌĞŶĐĞƐďĞƚǁĞĞŶĞdžƉĞĐƚĞĚĂŶĚĂĐƚƵĂůĞdžƉĞƌŝĞŶĐĞ ϳϭ͕ϱϯϯͲϭϬϯ͕ϰϵϱ ŚĂŶŐĞƐŽĨĂƐƐƵŵƉƚŝŽŶƐ ;ϰϰ͕ϮϮϵͿ;ϭϰ͕ϮϭϵͿϰϰ͕ϰϲϰ ĞŶĞĨŝƚƉĂLJŵĞŶƚƐ ;ϴϲ͕ϱϳϬͿ;ϵϴ͕ϱϴϰͿ;ϵϴ͕ϰϵϬͿ EĞƚŚĂŶŐĞŝŶdŽƚĂůKW>ŝĂďŝůŝƚLJ ϭϯϰ͕ϯϰϵϲϱ͕ϰϰϮϮϯϰ͕ϴϳϭ dŽƚĂůKWůŝĂďŝůŝƚLJͲďĞŐŝŶŶŝŶŐ ϭ͕ϯϴϬ͕ϵϰϵϭ͕ϱϭϱ͕Ϯϵϴϭ͕ϱϴϬ͕ϳϰϬ dŽƚĂůKWůŝĂďŝůŝƚLJͲĞŶĚŝŶŐϭ͕ϱϭϱ͕ϮϵϴΨϭ͕ϱϴϬ͕ϳϰϬΨϭ͕ϴϭϱ͕ϲϭϭΨ WůĂŶ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶ;&EWͿ ŵƉůŽLJĞƌĐŽŶƚƌŝďƵƚŝŽŶƐ ϭ͕ϲϬϵ͕ϵϳϬΨ ϵϴ͕ϱϴϰΨ ϵϴ͕ϰϵϬΨ EĞƚŝŶǀĞƐƚŵĞŶƚŝŶĐŽŵĞ ;ϭ͕ϲϴϬͿ ϭϬϲ͕ϴϬϱ ϴϴ͕ϬϱϮ ĞŶĞĨŝƚƉĂLJŵĞŶƚƐ ;ϴϲ͕ϱϳϬͿ ;ϵϴ͕ϱϴϰͿ ;ϵϴ͕ϰϵϬͿ ĚŵŝŶŝƐƚƌĂƚŝǀĞĞdžƉĞŶƐĞ ;ϰϬϲͿ ;ϯϮϳͿ ;ϴϬϯͿ EĞƚŚĂŶŐĞŝŶWůĂŶ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶ ϭ͕ϱϮϭ͕ϯϭϰ ϭϬϲ͕ϰϳϴ ϴϳ͕Ϯϰϵ WůĂŶ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶͲĞŐŝŶŶŝŶŐŽĨzĞĂƌ Ͳ ϭ͕ϱϮϭ͕ϯϭϰ ϭ͕ϲϮϳ͕ϳϵϮ WůĂŶ&ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶͲŶĚŽĨzĞĂƌ ϭ͕ϱϮϭ͕ϯϭϰΨϭ͕ϲϮϳ͕ϳϵϮΨϭ͕ϳϭϱ͕ϬϰϭΨ EĞƚKWůŝĂďŝůŝƚLJͬ;ĂƐƐĞƚͿͲŶĚŽĨzĞĂƌ ;ϲ͕ϬϭϲͿΨ ;ϰϳ͕ϬϱϮͿΨ ϭϬϬ͕ϱϳϬΨ &ŝĚƵĐŝĂƌLJEĞƚWŽƐŝƚŝŽŶĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞdŽƚĂůKW>ŝĂďŝůŝƚLJ ϭϬϬ͘ϰй ϭϬϯ͘Ϭй ϵϰ͘ϱй ŽǀĞƌĞĚͲĞŵƉůŽLJĞĞƉĂLJƌŽůů ϲ͕Ϭϲϰ͕ϴϳϱ ϲ͕ϲϲϵ͕ϮϬϰ ϳ͕Ϭϲϲ͕ϴϯϬ EĞƚKWůŝĂďŝůŝƚLJͬ;ĂƐƐĞƚͿĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨĐŽǀĞƌĞĚͲĞŵƉůŽLJĞĞƉĂLJƌŽůů ͲϬ͘ϭй ͲϬ͘ϳй ϭ͘ϰй EŽƚĞƐƚŽ^ĐŚĞĚƵůĞ͗ Ύ&ŝƐĐĂůLJĞĂƌϮϬϭϴǁĂƐƚŚĞĨŝƌƐƚLJĞĂƌŽĨŝŵƉůĞŵĞŶƚĂƚŝŽŶ͘ ŚĂŶŐĞƐŝŶƐƐƵŵƉƚŝŽŶƐ dŚĞĚŝƐĐŽƵŶƚƌĂƚĞĂŶĚůŽŶŐͲƚĞƌŵĞdžƉĞĐƚĞĚƌĂƚĞŽĨƌĞƚƵƌŶĐŚĂŶŐĞĚĨƌŽŵϲ͘ϬϬƉĞƌĐĞŶƚƵƐĞĚĨŽƌƚŚĞ:ƵŶĞϯϬ͕ϮϬϭϵŵĞĂƐƵƌĞŵĞŶƚ ĚĂƚĞƚŽϱ͘ϱϬƉĞƌĐĞŶƚƵƐĞĚĨŽƌƚŚĞ:ƵŶĞϯϬ͕ϮϬϮϬŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞ͘ dŚĞŝŶĨůĂƚŝŽŶĂƐƐƵŵƉƚŝŽŶǁĂƐĐŚĂŶŐĞĚĨƌŽŵϮ͘ϱϬƉĞƌĐĞŶƚƵƐĞĚĨŽƌƚŚĞ:ƵŶĞϯϬ͕ϮϬϭϵŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞƚŽϮ͘ϮϱƉĞƌĐĞŶƚƵƐĞĚ ĨŽƌƚŚĞ:ƵŶĞϯϬ͕ϮϬϮϬŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞ͘ &ŽƌƚŚĞ:ƵŶĞϯϬ͕ϮϬϮϬŵĞĂƐƵƌĞŵĞŶƚĚĂƚĞ͕ŚĞĂůƚŚĐĂƌĞƚƌĞŶĚƌĂƚĞƐǁĞƌĞƌĞƐĞƚƚŽƌĞĨůĞĐƚƵƉĚĂƚĞĚĐŽƐƚŝŶĐƌĞĂƐĞĞdžƉĞĐƚĂƚŝŽŶƐ͘   431 ϳϵ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ^ĐŚĞĚƵůĞŽĨKWŽŶƚƌŝďƵƚŝŽŶƐ >ĂƐƚϭϬzĞĂƌƐΎ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ ĐƚƵĂƌŝĂůůLJĚĞƚĞƌŵŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶ;Ϳ ϴϴ͕ϮϴϬΨ ϵϬ͕ϮϮϵΨ ϴϲ͕ϵϯϵΨ  ŽŶƚƌŝďƵƚŝŽŶƐŝŶƌĞůĂƚŝŽŶƚŽƚŚĞ;Ϳ ϵϴ͕ϱϴϰϵϴ͕ϰϵϬϴϵ͕ϵϰϳ ŽŶƚƌŝďƵƚŝŽŶĚĞĨŝĐŝĞŶĐLJ;ĞdžĐĞƐƐͿ ;ϭϬ͕ϯϬϰͿ;ϴ͕ϮϲϭͿ;ϯ͕ϬϬϴͿ ŽǀĞƌĞĚƉĂLJƌŽůů ϲ͕ϲϲϵ͕ϮϬϰΨ ϳ͕Ϭϲϲ͕ϴϯϬΨ ϲ͕Ϯϯϴ͕ϰϮϱΨ  ŽŶƚƌŝďƵƚŝŽŶƐĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨƉĂLJƌŽůů ϭ͘ϱй ϭй ϭй EŽƚĞƐƚŽ^ĐŚĞĚƵůĞ sĂůƵĂƚŝŽŶĚĂƚĞ͗ĐƚƵĂƌŝĂůůLJĚĞƚĞƌŵŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶƌĂƚĞƐĂƌĞĐĂůĐƵůĂƚĞĚ ĂƐŽĨ:ƵŶĞϯϬ͕ŽŶĞLJĞĂƌƉƌŝŽƌƚŽƚŚĞĞŶĚŽĨƚŚĞĨŝƐĐĂůLJĞĂƌ ŝŶǁŚŝĐŚĐŽŶƚƌŝďƵƚŝŽŶƐƌĞƉŽƌƚĞĚ͘ DĞƚŚŽĚƐĂŶĚĂƐƐƵŵƉƚŝŽŶƐƵƐĞĚƚŽĚĞƚĞƌŵŝŶĞĚĐŽŶƚƌŝďƵƚŝŽŶƌĂƚĞƐ͗ ĐƚƵĂƌŝĂůĐŽƐƚŵĞƚŚŽĚ ŶƚƌLJͲŐĞEŽƌŵĂůŽƐƚDĞƚŚŽĚ ŵŽƌƚŝnjĂƚŝŽŶŵĞƚŚŽĚ >ĞǀĞůƉĞƌĐĞŶƚŽĨƉĂLJƌŽůů ŵŽƌƚŝnjĂƚŝŽŶƉĞƌŝŽĚ ϭϵLJĞĂƌƐ ƐƐĞƚǀĂůƵĂƚŝŽŶŵĞƚŚŽĚ DĂƌŬĞƚǀĂůƵĞ /ŶĨůĂƚŝŽŶ Ϯ͘Ϯϱй ,ĞĂůƚŚĐĂƌĞdƌĞŶĚZĂƚĞ ϳйŝŶƚŚĞĨŝƌƐƚLJĞĂƌ͕ƚƌĞŶĚŝŶŐĚŽǁŶƚŽϰйŽǀĞƌϱϴLJĞĂƌƐ͘ /ŶǀĞƐƚŵĞŶƚƌĂƚĞŽĨƌĞƚƵƌŶ ϱ͘ϱϬй ZĞƚŝƌĞŵĞŶƚĂŐĞ ϱϱ DŽƌƚĂůŝƚLJ ĞƌŝǀĞĚƵƐŝŶŐĂůWZ^DĞŵďĞƌƐŚŝƉĂƚĂĨŽƌĂůů&ƵŶĚƐ EŽƚĞƐƚŽ^ĐŚĞĚƵůĞ͗ Ύ &ŝƐĐĂůLJĞĂƌϮϬϭϴǁĂƐƚŚĞĨŝƌƐƚLJĞĂƌŽĨŝŵƉůĞŵĞŶƚĂƚŝŽŶ͘ 432  ϴϬ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ EŽƚĞƚŽZĞƋƵŝƌĞĚ^ƵƉƉůĞŵĞŶƚĂƌLJ/ŶĨŽƌŵĂƚŝŽŶ :ƵŶĞϯϬ͕ϮϬϮϭ   EŽƚĞϭͲ ƵĚŐĞƚWƌŽĐĞĚƵƌĞƐ  'ĞŶĞƌĂůƵĚŐĞƚWŽůŝĐŝĞƐ  dŚĞŝƚLJĂĚŽƉƚƐĂŶĂŶŶƵĂůďƵĚŐĞƚƉƌĞƉĂƌĞĚŽŶƚŚĞŵŽĚŝĨŝĞĚĂĐĐƌƵĂůďĂƐŝƐŽĨĂĐĐŽƵŶƚŝŶŐĨŽƌŝƚƐŐŽǀĞƌŶŵĞŶƚĂů ĨƵŶĚƐĂŶĚŽŶƚŚĞĂĐĐƌƵĂůďĂƐŝƐŽĨĂĐĐŽƵŶƚŝŶŐĨŽƌŝƚƐƉƌŽƉƌŝĞƚĂƌLJĨƵŶĚƐ͘dŚĞŝƚLJŵĂŶĂŐĞƌŽƌŚŝƐĚĞƐŝŐŶĞĞŝƐ ĂƵƚŚŽƌŝnjĞĚƚŽƚƌĂŶƐĨĞƌďƵĚŐĞƚĞĚĂŵŽƵŶƚƐďĞƚǁĞĞŶƚŚĞĂĐĐŽƵŶƚƐŽĨĂŶLJĚĞƉĂƌƚŵĞŶƚŽƌĨƵŶĚƐƚŚĂƚĂƌĞĂƉƉƌŽǀĞĚ ďLJŝƚLJŽƵŶĐŝů͘WƌŝŽƌLJĞĂƌĂƉƉƌŽƉƌŝĂƚŝŽŶƐůĂƉƐĞƵŶůĞƐƐƚŚĞLJĂƌĞĂƉƉƌŽǀĞĚĨŽƌĐĂƌƌLJŽǀĞƌŝŶƚŽƚŚĞĨŽůůŽǁŝŶŐĨŝƐĐĂů LJĞĂƌ͘džƉĞŶĚŝƚƵƌĞƐŵĂLJŶŽƚůĞŐĂůůLJĞdžĐĞĞĚĂƉƉƌŽƉƌŝĂƚŝŽŶƐĂƚƚŚĞĚĞƉĂƌƚŵĞŶƚůĞǀĞů͘  dŚĞŝƚLJĚŝĚŶŽƚĂĚŽƉƚĂďƵĚŐĞƚĨŽƌƚŚĞdƌĂŶƐƉŽƌƚĂƚŝŽŶhŶŝĨŽƌŵDŝƚŝŐĂƚŝŽŶ&ĞĞ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ͘  ƵĚŐĞƚĂƐŝƐŽĨĐĐŽƵŶƚŝŶŐ  ƵĚŐĞƚĨŽƌŐŽǀĞƌŶŵĞŶƚĂůĨƵŶĚƐĂƌĞĂĚŽƉƚĞĚŽŶĂďĂƐŝƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚŐĞŶĞƌĂůůLJĂĐĐĞƉƚĞĚĂĐĐŽƵŶƚŝŶŐƉƌŝŶĐŝƉůĞƐ ;'WͿ͘  džƉĞŶĚŝƚƵƌĞƐŝŶdžĐĞƐƐŽĨƉƉƌŽƉƌŝĂƚŝŽŶƐ  dŚĞĨŽůůŽǁŝŶŐĨƵŶĚƐŚĂĚĞdžƉĞŶĚŝƚƵƌĞƐŝŶĞdžĐĞƐƐŽĨĂƉƉƌŽƉƌŝĂƚŝŽŶƐĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ͗  ƵĚŐĞƚ ĐƚƵĂů sĂƌŝĂŶĐĞ 'ĞŶĞƌĂů&ƵŶĚ WůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚ Ϯ͕ϵϱϭ͕ϬϬϬΨϮ͕ϵϵϳ͕ϰϱϵΨ;ϰϲ͕ϰϱϵͿΨ ĂƉŝƚĂůKƵƚůĂLJ ϭϱϲ͕ϬϬϬϰϰϬ͕ϰϴϵ;Ϯϴϰ͕ϰϴϵͿ dƌĂŶƐĨĞƌƐKƵƚ ϯ͕ϵϱϭ͕ϵϬϬϲ͕ϯϱϬ͕ϰϮϯ;Ϯ͕ϯϵϴ͕ϱϮϯͿ ^ŽƵƚŚŽĂƐƚŝƌYƵĂůŝƚLJ WůĂŶŶŝŶŐĂŶĚĞǀĞůŽƉŵĞŶƚ ϰϴ͕ϵϬϬϱϳ͕ϰϭϯ;ϴ͕ϱϭϯͿ ^>^ WƵďůŝĐ^ĂĨĞƚLJ ϭϬϬ͕ϬϬϬϭϬϭ͕ϱϯϬ;ϭ͕ϱϯϬͿ >ĂǁŶĨŽƌĐĞŵĞŶƚ WƵďůŝĐ^ĂĨĞƚLJ Ϯϰ͕ϲϬϬ ϰϮ͕Ϯϲϯ ;ϭϳ͕ϲϲϯͿ DĞĂƐƵƌĞ WƵďůŝĐtŽƌŬƐ Ͳ ϴ͕ϳϳϬ ;ϴ͕ϳϳϬͿ WĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶ dƌĂŶƐĨĞƌƐŽƵƚ ϵϱϵ͕ϳϭϯ ϵϲϮ͕ϰϲϵ ;Ϯ͕ϳϱϲͿ  433 ϴϭ dŚŝƐƉĂŐĞŝŶƚĞŶƚŝŽŶĂůůLJůĞĨƚďůĂŶŬ 434   ^ƵƉƉůĞŵĞŶƚĂƌLJ/ŶĨŽƌŵĂƚŝŽŶ :ƵŶĞϯϬ͕ϮϬϮϭ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ 435 ϴϯ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ KƚŚĞƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐ ^ƉĞĐŝĂůƌĞǀĞŶƵĞĨƵŶĚƐĂƌĞƵƐĞĚƚŽĂĐĐŽƵŶƚĨŽƌƐƉĞĐŝĨŝĐƌĞǀĞŶƵĞƐ;ŽƚŚĞƌƚŚĂŶĞdžƉĞŶĚĂďůĞƚƌƵƐƚƐĂŶĚŵĂũŽƌĐĂƉŝƚĂů ƉƌŽũĞĐƚƐͿĂŶĚƚŚĞƌĞůĂƚĞĚĞdžƉĞŶĚŝƚƵƌĞƐƚŚĂƚĂƌĞůĞŐĂůůLJƌĞƋƵŝƌĞĚƚŽďĞĂĐĐŽƵŶƚĞĚĨŽƌŝŶĂƐĞƉĂƌĂƚĞĨƵŶĚ͘dŚĞŝƚLJ ŽĨ>ĂYƵŝŶƚĂŚĂƐƚŚĞĨŽůůŽǁŝŶŐ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐ͗ ^ƚĂƚĞ'ĂƐdĂdž&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌŐĂƐŽůŝŶĞĂůůŽĐĂƚŝŽŶƐŵĂĚĞďLJƚŚĞ^ƚĂƚĞŽĨĂůŝĨŽƌŶŝĂ͘dŚĞƐĞƌĞǀĞŶƵĞƐĂƌĞ ƌĞƐƚƌŝĐƚĞĚďLJƚŚĞ^ƚĂƚĞƚŽĞdžƉĞŶĚŝƚƵƌĞƐĨŽƌƐƚƌĞĞƚͲƌĞůĂƚĞĚƉƵƌƉŽƐĞƐŽŶůLJ͘ >ŝďƌĂƌLJĂŶĚDƵƐĞƵŵ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƌĞǀĞŶƵĞƐĨƌŽŵƉƌŽƉĞƌƚLJƚĂdžŝŶĐƌĞŵĞŶƚĚĞĚŝĐĂƚĞĚůŝďƌĂƌLJĂŶĚ ŵƵƐĞƵŵƐĞƌǀŝĐĞƐ͘ &ĞĚĞƌĂůƐƐŝƐƚĂŶĐĞ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƌĞǀĞŶƵĞƐĨƌŽŵƚŚĞŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚůŽĐŬ'ƌĂŶƚƐƌĞĐĞŝǀĞĚ ĨƌŽŵƚŚĞ&ĞĚĞƌĂů'ŽǀĞƌŶŵĞŶƚĂŶĚƚŚĞĞdžƉĞŶĚŝƚƵƌĞƐŽĨƚŚŽƐĞƌĞƐŽƵƌĐĞƐ͘ ^ƚĂƚĞ>ĂǁŶĨŽƌĐĞŵĞŶƚ^ĞƌǀŝĐĞƐĐĐŽƵŶƚ;^>^Ϳ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƐƚĂƚĞĨƵŶĚĞĚ͞ŝƚŝnjĞŶƐĨŽƌWƵďůŝĐ^ĂĨĞƚLJ͟ ;KW^ͿƉƌŽŐƌĂŵĂĐƚŝǀŝƚŝĞƐ͕ĂƐƉĞƌƐƐĞŵďůLJŝůůϯϮϮϵ͕ǁŚŝĐŚƐƵƉƉůĞŵĞŶƚƐĨƌŽŶƚůŝŶĞƉŽůŝĐĞƐĞƌǀŝĐĞƐƐƵĐŚĂƐĂŶƚŝͲ ŐĂŶŐĐŽŵŵƵŶŝƚLJĐƌŝŵĞƉƌĞǀĞŶƚŝŽŶ͘ >ŝŐŚƚŝŶŐĂŶĚ>ĂŶĚƐĐĂƉŝŶŐ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƐƉĞĐŝĂůĂƐƐĞƐƐŵĞŶƚƐůĞǀŝĞĚŽŶƌĞĂůƉƌŽƉĞƌƚLJĂŶĚƚŚĞĞdžƉĞŶĚŝƚƵƌĞ ƚŚĞƌĞŽĨĨƌŽŵŝƚLJͲǁŝĚĞůŝŐŚƚŝŶŐĂŶĚůĂŶĚƐĐĂƉĞŵĂŝŶƚĞŶĂŶĐĞĂŶĚŝŵƉƌŽǀĞŵĞŶƚƐ͘ YƵŝŵďLJ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞĂĐĐƵŵƵůĂƚŝŽŶŽĨĚĞǀĞůŽƉĞƌĨĞĞƐƌĞĐĞŝǀĞĚƵŶĚĞƌƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞYƵŝŵďLJ ĐƚĨŽƌƉĂƌŬĚĞǀĞůŽƉŵĞŶƚĂŶĚŝŵƉƌŽǀĞŵĞŶƚƐ͘ĂƉŝƚĂůƉƌŽũĞĐƚƐƚŽďĞĨƵŶĚĞĚĨƌŽŵƚŚŝƐƐŽƵƌĐĞǁŝůůďĞďƵĚŐĞƚĞĚ ĂŶĚĞdžƉĞŶĚĞĚŝŶĂƐĞƉĂƌĂƚĞĐĂƉŝƚĂůƉƌŽũĞĐƚƐĨƵŶĚ͘ >ĂYƵŝŶƚĂWƵďůŝĐ^ĂĨĞƚLJKĨĨŝĐĞƌ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌĐŽŶƚƌŝďƵƚŝŽŶƐƚŽďĞĚŝƐƚƌŝďƵƚĞĚƚŽƉƵďůŝĐƐĂĨĞƚLJŽĨĨŝĐĞƌƐ ĚŝƐĂďůĞĚŽƌŬŝůůĞĚŝŶƚŚĞůŝŶĞŽĨĚƵƚLJ͘ ƌƚŝŶWƵďůŝĐWůĂĐĞƐʹdŽĂĐĐŽƵŶƚĨŽƌĚĞǀĞůŽƉŵĞŶƚĨĞĞƐƉĂŝĚŝŶůŝĞƵŽĨĂĐƋƵŝƐŝƚŝŽŶĂŶĚŝŶƐƚĂůůĂƚŝŽŶŽĨĂƉƉƌŽǀĞĚ ĂƌƚǁŽƌŬƐŝŶĂĚĞǀĞůŽƉŵĞŶƚǁŝƚŚĞdžƉĞŶĚŝƚƵƌĞƐƌĞƐƚƌŝĐƚĞĚƚŽĂĐƋƵŝƐŝƚŝŽŶ͕ŝŶƐƚĂůůĂƚŝŽŶ͕ŵĂŝŶƚĞŶĂŶĐĞĂŶĚƌĞƉĂŝƌŽĨ ĂƌƚǁŽƌŬƐĂƚĂƉƉƌŽǀĞĚƐŝƚĞƐ͘ ^ŽƵƚŚŽĂƐƚŝƌYƵĂůŝƚLJ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌĐŽŶƚƌŝďƵƚŝŽŶƐĨƌŽŵƚŚĞ^ŽƵƚŚŽĂƐƚŝƌYƵĂůŝƚLJDĂŶĂŐĞŵĞŶƚ ŝƐƚƌŝĐƚ͘hƐĞŝƐůŝŵŝƚĞĚƚŽƌĞĚƵĐƚŝŽŶĂŶĚĐŽŶƚƌŽůŽĨĂŝƌďŽƌŶĞƉŽůůƵƚĂŶƚƐ͘ ϵϯϵ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞ^ƚĂƚĞŵĂŶĚĂƚĞĚƉƌŽŐƌĂŵƚŽƌĞĚƵĐĞǁĂƐƚĞƐĞŶƚƚŽƚŚĞůĂŶĚĨŝůůƐƚŚƌŽƵŐŚ ƌĞĐLJĐůŝŶŐĞĨĨŽƌƚƐ͘ >ĂǁŶĨŽƌĐĞŵĞŶƚ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌůĂǁĞŶĨŽƌĐĞŵĞŶƚŐƌĂŶƚƐĂŶĚƌĞƐƚƌŝĐƚĞĚƌĞǀĞŶƵĞĨŽƌƉƵďůŝĐƐĂĨĞƚLJ͘ DĞĂƐƵƌĞ&ƵŶĚʹ/Ŷϭϵϴϴ͕ZŝǀĞƌƐŝĚĞŽƵŶƚLJǀŽƚĞƌƐĂƉƉƌŽǀĞĚĂŚĂůĨĐĞŶƚƐĂůĞƐƚĂdž͕ŬŶŽǁŶĂƐDĞĂƐƵƌĞ͕ƚŽĨƵŶĚ ĂǀĂƌŝĞƚLJŽĨŚŝŐŚǁĂLJŝŵƉƌŽǀĞŵĞŶƚƐ͕ůŽĐĂůƐƚƌĞĞƚĂŶĚƌŽĂĚŵĂŝŶƚĞŶĂŶĐĞ͕ĐŽŵŵƵƚĞƌĂƐƐŝƐƚĂŶĐĞĂŶĚƐƉĞĐŝĂůŝnjĞĚ ŚŝŐŚǁĂLJƚƌĂŶƐŝƚƉƌŽũĞĐƚƐ͘dŚŝƐĨƵŶĚŝƐƵƐĞĚƚŽĐŽůůĞĐƚƚŚŝƐƚĂdžĂŶĚƉƵƌƐƵĂŶƚƚŽƚŚĞƉƌŽǀŝƐŝŽŶŽĨDĞĂƐƵƌĞ͕ŝƚŝƐ ƌĞƐƚƌŝĐƚĞĚĨŽƌůŽĐĂůƐƚƌĞĞƚĂŶĚƌŽĂĚĞdžƉĞŶĚŝƚƵƌĞƐ͘ 436  ϴϰ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ KƚŚĞƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞƌĞǀĞŶƵĞƐĂŶĚĞdžƉĞŶĚŝƚƵƌĞƐƌĞůĂƚĞĚƚŽƉƌŽĐĞĞĚƐĨƌŽŵƐĂůĞŽĨ ŝƚLJŽǁŶĞĚůĂŶĚĂŶĚĨƵƚƵƌĞĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚ͘  ϭϯϳϵ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞƌĞǀĞŶƵĞƐĂŶĚĞdžƉĞŶĚŝƚƵƌĞƐƌĞůĂƚĞĚƚŽƚŚĞĂŶŶƵĂůďƵƐŝŶĞƐƐůŝĐĞŶƐĞ ĂĐĐĞƐƐŝďŝůŝƚLJĨĞĞƚŽďĞƵƐĞĚĨŽƌĞdžƉĞŶƐĞƐĞŶŚĂŶĐŝŶŐĂĐĐĞƐƐŝďŝůŝƚLJƌĞƋƵŝƌĞŵĞŶƚƐ͘  dƌĂŶƐƉŽƌƚĂƚŝŽŶhŶŝĨŽƌŵDŝƚŝŐĂƚŝŽŶ&ĞĞ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞƌĞǀĞŶƵĞƐĂŶĚĞdžƉĞŶĚŝƚƵƌĞƐƌĞůĂƚĞĚƚŽ dƌĂŶƐƉŽƌƚĂƚŝŽŶhŶŝĨŽƌŵDŝƚŝŐĂƚŝŽŶ&ĞĞŵŽŶŝĞƐ͘   ĂƉŝƚĂůWƌŽũĞĐƚ&ƵŶĚƐ  ĂƉŝƚĂůƉƌŽũĞĐƚƐĨƵŶĚƐĂĐĐŽƵŶƚĨŽƌƚŚĞĨŝŶĂŶĐŝĂůƌĞƐŽƵƌĐĞƐƚŽďĞƵƐĞĚĨŽƌƚŚĞĂĐƋƵŝƐŝƚŝŽŶ͕ĐŽŶƐƚƌƵĐƚŝŽŶŽƌ ŝŵƉƌŽǀĞŵĞŶƚƐŽĨŵĂũŽƌĐĂƉŝƚĂůĨĂĐŝůŝƚŝĞƐĂŶĚŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͘  /ŶĨƌĂƐƚƌƵĐƚƵƌĞ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞĂĐĐƵŵƵůĂƚŝŽŶŽĨƌĞƐŽƵƌĐĞƐƉƌŽǀŝĚĞĚƚŚƌŽƵŐŚĚĞǀĞůŽƉĞƌĨĞĞƐĨŽƌƚŚĞ ĂĐƋƵŝƐŝƚŝŽŶ͕ĐŽŶƐƚƌƵĐƚŝŽŶŽƌŝŵƉƌŽǀĞŵĞŶƚŽĨƚŚĞŝƚLJ͛ƐŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͕ƉƌŝŽƌƚŽĂĚŽƉƚŝŽŶŽĨƚŚĞŶĞǁĞǀĞůŽƉĞƌ /ŵƉĂĐƚ&ĞĞ^ƚƌƵĐƚƵƌĞŽŶƵŐƵƐƚϭϲ͕ϭϵϵϵ͘dŚŝƐĨƵŶĚĂĐĐŽƵŶƚƐĨŽƌĂůůĚĞǀĞůŽƉĞƌƌĞƐŽƵƌĐĞƐƌĞĐĞŝǀĞĚƉƌŝŽƌƚŽƚŚŝƐ ĚĂƚĞ͕ĂŶĚŝƐďƵĚŐĞƚĞĚďLJƚŚĞŽƵŶĐŝůƚŚƌŽƵŐŚĂĚŽƉƚŝŽŶŽĨƚŚĞĂŶŶƵĂůĐĂƉŝƚĂůŝŵƉƌŽǀĞŵĞŶƚƉƌŽŐƌĂŵďƵĚŐĞƚ͘  ŝǀŝĐĞŶƚĞƌ&ƵŶĚʹdŚŝƐĨƵŶĚĂĐĐŽƵŶƚƐĨŽƌƚŚĞĂĐĐƵŵƵůĂƚŝŽŶŽĨƌĞƐŽƵƌĐĞƐƉƌŽǀŝĚĞĚƚŚƌŽƵŐŚĚĞǀĞůŽƉĞƌĨĞĞƐĨŽƌ ƚŚĞĂĐƋƵŝƐŝƚŝŽŶ͕ĐŽŶƐƚƌƵĐƚŝŽŶ͕ŽƌŝŵƉƌŽǀĞŵĞŶƚŽĨƚŚĞŝǀŝĐĞŶƚĞƌ͘  DĂŝŶƚĞŶĂŶĐĞ&ĂĐŝůŝƚŝĞƐ/&͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ&ƵŶĚ͕WĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶƐ&ƵŶĚ͕>ŝďƌĂƌLJĞǀĞůŽƉŵĞŶƚ&ƵŶĚ͕ ŽŵŵƵŶŝƚLJĞŶƚĞƌ&ƵŶĚ͕^ƚƌĞĞƚ&ĂĐŝůŝƚLJ&ƵŶĚ͕WĂƌŬ&ĂĐŝůŝƚLJ&ƵŶĚ͕&ŝƌĞ&ĂĐŝůŝƚLJ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞ ĂĐĐƵŵƵůĂƚŝŽŶŽĨƌĞƐŽƵƌĐĞƐƉƌŽǀŝĚĞĚƚŚƌŽƵŐŚĚĞǀĞůŽƉĞƌĨĞĞƐĨŽƌƚŚĞĂĐƋƵŝƐŝƚŝŽŶ͕ĐŽŶƐƚƌƵĐƚŝŽŶ͕ŽƌŝŵƉƌŽǀĞŵĞŶƚŽĨ ƚŚĞŝƚLJ͛ƐŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͘dŚĞĞǀĞůŽƉĞƌ/ŵƉĂĐƚ&ĞĞǁĂƐĂĚŽƉƚĞĚďLJƚŚĞŝƚLJŽƵŶĐŝůŽŶƵŐƵƐƚϭϲ͕ϭϵϵϵ͘ŝŐŚƚ ĨƵŶĚƐŚĂǀĞďĞĞŶĞƐƚĂďůŝƐŚĞĚƚŽĂĐĐŽƵŶƚĨŽƌƚŚĞƐƉĞĐŝĨŝĐŝŵƉĂĐƚĂƌĞĂƐŽĨƚŚĞƐĞĨĞĞƐ͕ĂŶĚĂƌĞďƵĚŐĞƚĞĚďLJƚŚĞ ŽƵŶĐŝůƚŚƌŽƵŐŚĂĚŽƉƚŝŽŶŽĨƚŚĞĂŶŶƵĂůĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚWƌŽŐƌĂŵďƵĚŐĞƚ͘   Ğďƚ^ĞƌǀŝĐĞ&ƵŶĚƐ  Ğďƚ^ĞƌǀŝĐĞ&ƵŶĚƐĂƌĞƵƐĞĚƚŽĂĐĐŽƵŶƚĨŽƌƚŚĞĂĐĐƵŵƵůĂƚŝŽŶŽĨƌĞƐŽƵƌĐĞƐĨŽƌ͕ĂŶĚƚŚĞƉĂLJŵĞŶƚŽĨ͕ ŐŽǀĞƌŶŵĞŶƚĂůůŽŶŐͲƚĞƌŵĚĞďƚƉƌŝŶĐŝƉĂůĂŶĚŝŶƚĞƌĞƐƚ͘  >ĂYƵŝŶƚĂ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJ&ƵŶĚʹdŚŝƐĨƵŶĚŝƐƵƐĞĚƚŽĂĐĐŽƵŶƚĨŽƌƚŚĞĚĞďƚƐĞƌǀŝĐĞƚŚĂƚǁŝůůďĞƵƐĞĚĨŽƌƚŚĞ ƉƌŝŶĐŝƉĂůĂŶĚŝŶƚĞƌĞƐƚƉĂLJŵĞŶƚƐŽĨƚŚĞ&ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJ͛ƐŽƵƚƐƚĂŶĚŝŶŐĚĞďƚĂŶĚĂŶLJƌĞůĂƚĞĚƌĞƉŽƌƚŝŶŐ ƌĞƋƵŝƌĞŵĞŶƚƐ͘ 437 ϴϱ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐĂůĂŶĐĞ^ŚĞĞƚʹEŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ^ƚĂƚĞ >ŝďƌĂƌLJĂŶĚ &ĞĚĞƌĂů >ŝŐŚƚŝŶŐĂŶĚ 'ĂƐdĂdž DƵƐĞƵŵ ƐƐŝƐƚĂŶĐĞ ^>^>ĂŶĚƐĐĂƉŝŶŐ ƐƐĞƚƐ WŽŽůĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭ͕ϯϰϴ͕ϱϱϱΨ ϴ͕ϭϰϴ͕ϰϮϲΨ ϰ͕ϵϲϵΨ Ϯϵϴ͕ϬϱϬΨ ϱϮϴ͕ϱϳϮΨ  ZĞĐĞŝǀĂďůĞƐ ĐĐŽƵŶƚƐ ͲͲͲͲͲ dĂdžĞƐ ϳϯ͕ϰϳϴͲͲͲϰϮ͕ϱϵϯ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ϱϯϲϯ͕ϮϲϯϭϭϳϭϭϵϮϭϮ WƌĞƉĂŝĚĐŽƐƚƐ Ͳϭ͕ϬϭϵͲͲͲ ƵĞĨƌŽŵŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ϲϯ͕ϴϴϮϵϱϬ͕ϳϬϮͲͲͲ dŽƚĂůĂƐƐĞƚƐ ϭ͕ϰϴϲ͕ϰϱϭΨ ϵ͕ϭϬϯ͕ϰϭϬΨ ϱ͕ϬϴϲΨ Ϯϵϴ͕ϭϲϵΨ ϱϳϭ͕ϯϳϳΨ  >ŝĂďŝůŝƚŝĞƐĂŶĚ&ƵŶĚĂůĂŶĐĞƐ >ŝĂďŝůŝƚŝĞƐ ĐĐŽƵŶƚƐƉĂLJĂďůĞ ϵ͕ϮϯϬΨ ϭϭϭ͕ϰϮϰΨ ͲΨϯϮ͕ϲϵϰΨ ϳϮ͕ϭϯϴΨ  ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ ϭϯ͕ϰϱϮϮ͕ϱϰϮͲͲϵ͕Ϯϯϵ hŶĞĂƌŶĞĚƌĞǀĞŶƵĞƐ ͲͲͲͲͲ ƵĞƚŽŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ͲͲͲͲͲ ƵĞƚŽŽƚŚĞƌĨƵŶĚƐ ͲͲͲͲͲ dŽƚĂůůŝĂďŝůŝƚŝĞƐ ϮϮ͕ϲϴϮϭϭϯ͕ϵϲϲͲϯϮ͕ϲϵϰ Ͳϴϭ͕ϯϳϳ ĞĨĞƌƌĞĚ/ŶĨůŽǁŽĨZĞƐŽƵƌĐĞƐ hŶĂǀĂŝůĂďůĞƌĞǀĞŶƵĞƐ ͲͲͲͲͲ &ƵŶĚĂůĂŶĐĞƐ EŽŶƐƉĞŶĚĂďůĞ WƌĞƉĂŝĚĐŽƐƚƐ Ͳϭ͕ϬϭϵͲͲͲ ZĞƐƚƌŝĐƚĞĚĨŽƌ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐ ͲͲͲͲͲ WƵďůŝĐƐĂĨĞƚLJ ͲͲͲϮϲϱ͕ϰϳϱͲ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ Ͳϴ͕ϵϴϴ͕ϰϮϱϱ͕ϬϴϲͲͲ WƵďůŝĐǁŽƌŬƐ ϭ͕ϰϲϯ͕ϳϲϵͲͲͲϰϵϬ͕ϬϬϬ ĂƉŝƚĂůƉƌŽũĞĐƚƐ ͲͲͲͲͲ hŶĂƐƐŝŐŶĞĚ ͲͲͲͲͲ dŽƚĂůĨƵŶĚďĂůĂŶĐĞƐ ϭ͕ϰϲϯ͕ϳϲϵϴ͕ϵϴϵ͕ϰϰϰϱ͕ϬϴϲϮϲϱ͕ϰϳϱϰϵϬ͕ϬϬϬ dŽƚĂůůŝĂďŝůŝƚŝĞƐĂŶĚĨƵŶĚďĂůĂŶĐĞƐ ϭ͕ϰϴϲ͕ϰϱϭΨ ϵ͕ϭϬϯ͕ϰϭϬΨ ϱ͕ϬϴϲΨ Ϯϵϴ͕ϭϲϵΨ ϱϳϭ͕ϯϳϳΨ  ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐ 438    ϴϲ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐĂůĂŶĐĞ^ŚĞĞƚʹEŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   >ĂYƵŝŶƚĂWƵďůŝĐ ƌƚŝŶ ^ŽƵƚŚŽĂƐƚ YƵŝŵďLJ ^ĂĨĞƚLJKĨĨŝĐĞƌ WƵďůŝĐWůĂĐĞƐ ŝƌYƵĂůŝƚLJ ϵϯϵ ƐƐĞƚƐ WŽŽůĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ͲΨϰϵ͕ϱϰϵΨϳϲϰ͕ϯϬϴΨϯϵ͕ϴϱϰΨϴϬϮ͕ϱϭϯΨ ZĞĐĞŝǀĂďůĞƐ ĐĐŽƵŶƚƐ ͲͲͲͲͲ dĂdžĞƐ ͲͲͲͲͲ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ͲϮϬϯϬϲϭϲϯϮϭ WƌĞƉĂŝĚĐŽƐƚƐ ͲͲͲͲͲ ƵĞĨƌŽŵŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ͲͲͲϭϯ͕ϱϬϬϭϯ͕ϲϴϱ dŽƚĂůĂƐƐĞƚƐ ͲΨϰϵ͕ϱϲϵΨϳϲϰ͕ϲϭϰΨϱϯ͕ϯϳϬΨϴϭϲ͕ϱϭϵΨ >ŝĂďŝůŝƚŝĞƐĂŶĚ&ƵŶĚĂůĂŶĐĞƐ >ŝĂďŝůŝƚŝĞƐ ĐĐŽƵŶƚƐƉĂLJĂďůĞ ͲΨͲΨͲΨϮϬ͕ϴϰϲΨϵ͕ϴϲϲΨ ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ ͲͲͲͲͲ hŶĞĂƌŶĞĚƌĞǀĞŶƵĞƐ ͲͲͲͲͲ ƵĞƚŽŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ͲͲͲͲͲ ƵĞƚŽŽƚŚĞƌĨƵŶĚƐ ͲͲͲͲͲ dŽƚĂůůŝĂďŝůŝƚŝĞƐ Ͳ ͲͲͲϮϬ͕ϴϰϲϵ͕ϴϲϲ ĞĨĞƌƌĞĚ/ŶĨůŽǁŽĨZĞƐŽƵƌĐĞƐ hŶĂǀĂŝůĂďůĞƌĞǀĞŶƵĞƐ ͲͲͲͲͲ &ƵŶĚĂůĂŶĐĞƐ EŽŶƐƉĞŶĚĂďůĞ WƌĞƉĂŝĚĐŽƐƚƐ ͲͲͲͲͲ ZĞƐƚƌŝĐƚĞĚĨŽƌ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐ ͲͲͲϯϮ͕ϱϮϰϴϬϲ͕ϲϱϯ WƵďůŝĐƐĂĨĞƚLJ Ͳϰϵ͕ϱϲϵͲͲͲ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ͲͲϳϲϰ͕ϲϭϰͲͲ WƵďůŝĐǁŽƌŬƐ ͲͲͲͲͲ ĂƉŝƚĂůƉƌŽũĞĐƚƐ ͲͲͲͲͲ hŶĂƐƐŝŐŶĞĚ ͲͲͲͲͲ dŽƚĂůĨƵŶĚďĂůĂŶĐĞƐ Ͳϰϵ͕ϱϲϵϳϲϰ͕ϲϭϰϯϮ͕ϱϮϰϴϬϲ͕ϲϱϯ dŽƚĂůůŝĂďŝůŝƚŝĞƐĂŶĚĨƵŶĚďĂůĂŶĐĞƐ ͲΨϰϵ͕ϱϲϵΨϳϲϰ͕ϲϭϰΨϱϯ͕ϯϳϬΨϴϭϲ͕ϱϭϵΨ ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐ   439 ϴϳ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐĂůĂŶĐĞ^ŚĞĞƚʹEŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ ĂƉŝƚĂůWƌŽũĞĐƚƐ &ƵŶĚƐ dƌĂŶƐƉŽƌƚĂƚŝŽŶ DĂŝŶƚĞŶĂŶĐĞ >Ăǁ ĐŽŶŽŵŝĐ hŶŝĨŽƌŵ &ĂĐŝůŝƚŝĞƐ ŶĨŽƌĐĞŵĞŶƚ DĞĂƐƵƌĞĞǀĞůŽƉŵĞŶƚ ϭϯϳϵ DŝƚŝŐĂƚŝŽŶ&ĞĞ /& ƐƐĞƚƐ WŽŽůĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϰϱϬ͕ϬϯϴΨ Ϯ͕ϲϰϰ͕ϮϯϭΨ ϯ͕Ϭϱϱ͕ϵϱϯΨ ϱϮ͕ϬϬϲΨ ϴϵ͕ϭϬϰΨ ϰϲ͕ϵϵϲΨ  ZĞĐĞŝǀĂďůĞƐ ĐĐŽƵŶƚƐ ͲͲϱϬϬ͕ϬϬϬͲͲͲ dĂdžĞƐ Ͳϱϱϯ͕ϵϳϴͲͲͲͲ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ϭϴϬϭ͕Ϭϱϵϭ͕ϮϮϰϮϭͲϭϵ WƌĞƉĂŝĚĐŽƐƚƐ ͲͲͲͲͲͲ ƵĞĨƌŽŵŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ͲͲͲͲͲͲ dŽƚĂůĂƐƐĞƚƐ ϰϱϬ͕ϮϭϴΨ ϯ͕ϭϵϵ͕ϮϲϴΨ ϯ͕ϱϱϳ͕ϭϳϳΨ ϱϮ͕ϬϮϳΨ ϴϵ͕ϭϬϰΨ ϰϳ͕ϬϭϱΨ  >ŝĂďŝůŝƚŝĞƐĂŶĚ&ƵŶĚĂůĂŶĐĞƐ >ŝĂďŝůŝƚŝĞƐ ĐĐŽƵŶƚƐƉĂLJĂďůĞ Ϯ͕ϱϴϳΨ ͲΨϳ͕ϱϭϬΨ ϵϯϯΨ ϴϭ͕ϲϰϳΨ ͲΨ  ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ ͲͲͲͲͲͲ hŶĞĂƌŶĞĚƌĞǀĞŶƵĞƐ ͲͲͲͲͲͲ ƵĞƚŽŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ͲͲͲͲͲͲ ƵĞƚŽŽƚŚĞƌĨƵŶĚƐ Ϯϴ͕ϱϴϯͲͲͲͲͲ dŽƚĂůůŝĂďŝůŝƚŝĞƐ ϯϭ͕ϭϳϬͲϳ͕ϱϭϬϵϯϯϴϭ͕ϲϰϳͲ ĞĨĞƌƌĞĚ/ŶĨůŽǁŽĨZĞƐŽƵƌĐĞƐ hŶĂǀĂŝůĂďůĞƌĞǀĞŶƵĞƐ ͲͲϱϬϬ͕ϬϬϬͲͲͲ &ƵŶĚĂůĂŶĐĞƐ EŽŶƐƉĞŶĚĂďůĞ WƌĞƉĂŝĚĐŽƐƚƐ ͲͲͲͲͲͲ ZĞƐƚƌŝĐƚĞĚĨŽƌ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐ ͲͲͲϱϭ͕Ϭϵϰϳ͕ϰϱϳϰϳ͕Ϭϭϱ WƵďůŝĐƐĂĨĞƚLJ ϰϭϵ͕ϬϰϴͲͲͲͲͲ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ͲͲϯ͕Ϭϰϵ͕ϲϲϳͲͲͲ WƵďůŝĐǁŽƌŬƐ Ͳϯ͕ϭϵϵ͕ϮϲϴͲͲͲͲ ĂƉŝƚĂůƉƌŽũĞĐƚƐ ͲͲͲͲͲͲ hŶĂƐƐŝŐŶĞĚ ͲͲͲͲͲͲ dŽƚĂůĨƵŶĚďĂůĂŶĐĞƐ ϰϭϵ͕Ϭϰϴϯ͕ϭϵϵ͕Ϯϲϴϯ͕Ϭϰϵ͕ϲϲϳϱϭ͕Ϭϵϰϳ͕ϰϱϳϰϳ͕Ϭϭϱ dŽƚĂůůŝĂďŝůŝƚŝĞƐĂŶĚĨƵŶĚďĂůĂŶĐĞƐ ϰϱϬ͕ϮϭϴΨ ϯ͕ϭϵϵ͕ϮϲϴΨ ϯ͕ϱϱϳ͕ϭϳϳΨ ϱϮ͕ϬϮϳΨ ϴϵ͕ϭϬϰΨ ϰϳ͕ϬϭϱΨ  ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐ 440    ϴϴ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐĂůĂŶĐĞ^ŚĞĞƚʹEŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   WĂƌŬƐĂŶĚ >ŝďƌĂƌLJ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ ŝǀŝĐĞŶƚĞƌ dƌĂŶƐƉŽƌƚĂƚŝŽŶ ZĞĐƌĞĂƚŝŽŶ ĞǀĞůŽƉŵĞŶƚ ƐƐĞƚƐ WŽŽůĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϭϵ͕ϯϵϭΨϰϵϴ͕ϰϮϬΨϮ͕Ϯϲϱ͕ϱϴϮΨͲΨͲΨ ZĞĐĞŝǀĂďůĞƐ ĐĐŽƵŶƚƐ ͲͲͲͲͲ dĂdžĞƐ ͲͲͲͲͲ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ϴϮϬϬϵϬϳͲͲ WƌĞƉĂŝĚĐŽƐƚƐ ͲͲͲͲͲ ƵĞĨƌŽŵŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ͲͲͲͲ dŽƚĂůĂƐƐĞƚƐ ϭϵ͕ϯϵϵΨϰϵϴ͕ϲϮϬΨϮ͕Ϯϲϲ͕ϰϴϵΨͲΨͲΨ >ŝĂďŝůŝƚŝĞƐĂŶĚ&ƵŶĚĂůĂŶĐĞƐ >ŝĂďŝůŝƚŝĞƐ ĐĐŽƵŶƚƐƉĂLJĂďůĞ ͲΨͲΨͲΨͲΨͲΨ ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ ͲͲͲͲ hŶĞĂƌŶĞĚƌĞǀĞŶƵĞƐ ͲͲͲͲ ƵĞƚŽŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ͲͲͲͲϭ͕ϰϱϴ͕ϳϴϵ ƵĞƚŽŽƚŚĞƌĨƵŶĚƐ ͲͲͲϯϰϲ͕ϯϬϵͲ dŽƚĂůůŝĂďŝůŝƚŝĞƐ ͲͲͲϯϰϲ͕ϯϬϵϭ͕ϰϱϴ͕ϳϴϵ ĞĨĞƌƌĞĚ/ŶĨůŽǁŽĨZĞƐŽƵƌĐĞƐ hŶĂǀĂŝůĂďůĞƌĞǀĞŶƵĞƐ ͲͲͲͲͲ &ƵŶĚĂůĂŶĐĞƐ EŽŶƐƉĞŶĚĂďůĞ WƌĞƉĂŝĚĐŽƐƚƐ ͲͲͲͲͲ ZĞƐƚƌŝĐƚĞĚĨŽƌ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐ ͲͲͲͲͲ WƵďůŝĐƐĂĨĞƚLJ ͲͲͲͲͲ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ͲͲͲͲͲ WƵďůŝĐǁŽƌŬƐ ͲͲͲͲͲ ĂƉŝƚĂůƉƌŽũĞĐƚƐ ϭϵ͕ϯϵϵϰϵϴ͕ϲϮϬϮ͕Ϯϲϲ͕ϰϴϵͲͲ hŶĂƐƐŝŐŶĞĚ ͲͲͲ;ϯϰϲ͕ϯϬϵͿ;ϭ͕ϰϱϴ͕ϳϴϵͿ dŽƚĂůĨƵŶĚďĂůĂŶĐĞƐ ϭϵ͕ϯϵϵϰϵϴ͕ϲϮϬϮ͕Ϯϲϲ͕ϰϴϵ;ϯϰϲ͕ϯϬϵͿ;ϭ͕ϰϱϴ͕ϳϴϵͿ dŽƚĂůůŝĂďŝůŝƚŝĞƐĂŶĚĨƵŶĚďĂůĂŶĐĞƐ ϭϵ͕ϯϵϵΨϰϵϴ͕ϲϮϬΨϮ͕Ϯϲϲ͕ϰϴϵΨͲΨͲΨ ĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚƐ   441    ϴϵ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐĂůĂŶĐĞ^ŚĞĞƚʹEŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ   Ğďƚ^ĞƌǀŝĐĞ &ƵŶĚ dŽƚĂů ŽŵŵƵŶŝƚLJ &ŝŶĂŶĐŝŶŐ 'ŽǀĞƌŶŵĞŶƚĂů ĞŶƚĞƌ ^ƚƌĞĞƚ&ĂĐŝůŝƚLJ WĂƌŬ&ĂĐŝůŝƚLJ &ŝƌĞ&ĂĐŝůŝƚLJ ƵƚŚŽƌŝƚLJ &ƵŶĚƐ ĞƚƐ WŽŽůĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ Ϯϯϰ͕ϮϵϮΨ ϰϯ͕ϮϳϬΨ ϱ͕ϵϵϲΨ ϭϵϳ͕ϭϴϭΨ ϭ͕ϭϬϬΨ Ϯϭ͕ϱϴϴ͕ϯϱϲΨ ZĞĐĞŝǀĂďůĞƐ ĐĐŽƵŶƚƐ ͲͲͲͲͲϱϬϬ͕ϬϬϬ dĂdžĞƐ ͲͲͲͲͲϲϳϬ͕Ϭϰϵ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ϵϰϭϳͲϳϵͲϴ͕ϳϭϴ WƌĞƉĂŝĚĐŽƐƚƐ ͲͲͲͲͲϭ͕Ϭϭϵ ƵĞĨƌŽŵŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ ͲͲͲͲͲ ϭ͕Ϭϰϭ͕ϳϲϵ dŽƚĂůĂƐƐĞƚƐ Ϯϯϰ͕ϯϴϲΨϰϯ͕ϮϴϳΨϱ͕ϵϵϲΨϭϵϳ͕ϮϲϬΨϭ͕ϭϬϬΨϮϯ͕ϴϬϵ͕ϵϭϭΨ ďŝůŝƚŝĞƐĂŶĚ&ƵŶĚĂůĂŶĐĞƐ ďŝůŝƚŝĞƐ ĐĐŽƵŶƚƐƉĂLJĂďůĞ ͲΨ ͲΨ ͲΨ ͲΨ ϭ͕ϭϬϬΨ ϯϰϵ͕ϵϳϱΨ ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ Ͳ Ͳ Ͳ Ͳ Ͳ Ϯϱ͕Ϯϯϯ hŶĞĂƌŶĞĚƌĞǀĞŶƵĞƐ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ ƵĞƚŽŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ Ͳ Ͳ Ͳ Ͳ Ͳ ϭ͕ϰϱϴ͕ϳϴϵ ƵĞƚŽŽƚŚĞƌĨƵŶĚƐ Ͳ Ͳ Ͳ Ͳ Ͳ ϯϳϰ͕ϴϵϮ dŽƚĂůůŝĂďŝůŝƚŝĞƐ Ͳ Ͳ Ͳ Ͳ ϭ͕ϭϬϬ Ϯ͕ϮϬϴ͕ϴϴϵ ĞƌƌĞĚ/ŶĨůŽǁŽĨZĞƐŽƵƌĐĞƐ hŶĂǀĂŝůĂďůĞƌĞǀĞŶƵĞƐ Ͳ Ͳ Ͳ Ͳ Ͳ ϱϬϬ͕ϬϬϬ ŶĚĂůĂŶĐĞƐ EŽŶƐƉĞŶĚĂďůĞ WƌĞƉĂŝĚĐŽƐƚƐ ͲͲͲͲͲϭ͕Ϭϭϵ ZĞƐƚƌŝĐƚĞĚĨŽƌ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐ ͲͲͲͲͲϵϰϰ͕ϳϰϯ WƵďůŝĐƐĂĨĞƚLJ ͲͲͲϭϵϳ͕ϮϲϬͲϵϯϭ͕ϯϱϮ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ͲͲϱ͕ϵϵϲͲͲ ϭϮ͕ϴϭϯ͕ϳϴϴ WƵďůŝĐǁŽƌŬƐ Ͳϰϯ͕ϮϴϳͲͲͲ ϱ͕ϭϵϲ͕ϯϮϰ ĂƉŝƚĂůƉƌŽũĞĐƚƐ Ϯϯϰ͕ϯϴϲͲͲͲͲ ϯ͕Ϭϭϴ͕ϴϵϰ hŶĂƐƐŝŐŶĞĚ ͲͲͲͲͲ ;ϭ͕ϴϬϱ͕ϬϵϴͿ dŽƚĂůĨƵŶĚďĂůĂŶĐĞƐ Ϯϯϰ͕ϯϴϲϰϯ͕Ϯϴϳϱ͕ϵϵϲϭϵϳ͕ϮϲϬͲ Ϯϭ͕ϭϬϭ͕ϬϮϮ dŽƚĂůůŝĂďŝůŝƚŝĞƐĂŶĚĨƵŶĚďĂůĂŶĐĞƐ Ϯϯϰ͕ϯϴϲΨϰϯ͕ϮϴϳΨϱ͕ϵϵϲΨϭϵϳ͕ϮϲϬΨϭ͕ϭϬϬΨϮϯ͕ϴϬϵ͕ϵϭϭΨ ĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚƐ   442    ϵϬ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐʹ EŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   ^ƚĂƚĞ >ŝďƌĂƌLJĂŶĚ&ĞĚĞƌĂů >ŝŐŚƚŝŶŐĂŶĚ 'ĂƐdĂdž DƵƐĞƵŵ ƐƐŝƐƚĂŶĐĞ ^>^>ĂŶĚƐĐĂƉŝŶŐ ZĞǀĞŶƵĞƐ dĂdžĞƐ ͲΨͲΨͲΨͲΨͲΨ ƐƐĞƐƐŵĞŶƚƐ ͲͲͲͲϵϴϰ͕ϰϯϱ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϭ͕ϲϰϴ͕ϳϬϴϮ͕ϵϳϰ͕ϯϲϰϮϵϯ͕ϭϲϮϭϱϲ͕ϳϮϳͲ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϳ͕ϴϮϳϭϮ͕Ϭϰϴϯ͕ϰϳϭϭ͕ϴϵϬ;Ϯ͕ϲϮϵͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ͲͲͲͲͲ DŝƐĐĞůůĂŶĞŽƵƐ Ͳϭ͕ϬϭϭͲͲͲ dŽƚĂůƌĞǀĞŶƵĞƐ ϭ͕ϲϱϲ͕ϱϯϱϮ͕ϵϴϳ͕ϰϮϯϮϵϲ͕ϲϯϯϭϱϴ͕ϲϭϳϵϴϭ͕ϴϬϲ džƉĞŶĚŝƚƵƌĞƐ ƵƌƌĞŶƚ 'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚ ͲͲͲͲͲ WƵďůŝĐƐĂĨĞƚLJ ͲͲͲϭϬϭ͕ϱϯϬͲ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ͲͲͲͲͲ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ͲϮ͕Ϭϰϳ͕ϱϯϯͲͲͲ WƵďůŝĐǁŽƌŬƐ ϵϯϳ͕ϬϮϱͲͲͲϮ͕ϬϭϬ͕ϲϰϲ ĂƉŝƚĂůŽƵƚůĂLJ ͲϱϱϭͲͲͲ ĞďƚƐĞƌǀŝĐĞ /ŶƚĞƌĞƐƚĂŶĚĨŝƐĐĂůĐŚĂƌŐĞƐ ͲͲͲͲͲ dŽƚĂůĞdžƉĞŶĚŝƚƵƌĞƐ ϵϯϳ͕ϬϮϱϮ͕Ϭϰϴ͕ϬϴϰͲϭϬϭ͕ϱϯϬϮ͕ϬϭϬ͕ϲϰϲ džĐĞƐƐ;ĞĨŝĐŝĞŶĐLJͿŽĨZĞǀĞŶƵĞƐ ŽǀĞƌ;ƵŶĚĞƌͿdžƉĞŶĚŝƚƵƌĞƐ ϳϭϵ͕ϱϭϬϵϯϵ͕ϯϯϵϮϵϲ͕ϲϯϯϱϳ͕Ϭϴϳ;ϭ͕ϬϮϴ͕ϴϰϬͿ KƚŚĞƌ&ŝŶĂŶĐŝŶŐ^ŽƵƌĐĞƐ;hƐĞƐͿ dƌĂŶƐĨĞƌƐŝŶ ϱϬ͕ϬϬϬͲͲͲϴϳϭ͕ϬϬϬ dƌĂŶƐĨĞƌƐŽƵƚ ;Ϯϵϵ͕ϯϴϰͿͲ;Ϯϴϲ͕ϮϳϲͿͲͲ dŽƚĂůŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞƐ;ƵƐĞƐͿ ;Ϯϰϵ͕ϯϴϰͿͲ;Ϯϴϲ͕ϮϳϲͿͲϴϳϭ͕ϬϬϬ EĞƚŚĂŶŐĞŝŶ&ƵŶĚĂůĂŶĐĞƐ ϰϳϬ͕ϭϮϲϵϯϵ͕ϯϯϵϭϬ͕ϯϱϳϱϳ͕Ϭϴϳ;ϭϱϳ͕ϴϰϬͿ &ƵŶĚĂůĂŶĐĞƐ͕ĞŐŝŶŶŝŶŐŽĨzĞĂƌ ϵϵϯ͕ϲϰϯϴ͕ϬϱϬ͕ϭϬϱ;ϱ͕ϮϳϭͿϮϬϴ͕ϯϴϴϲϰϳ͕ϴϰϬ &ƵŶĚĂůĂŶĐĞƐ͕ŶĚŽĨzĞĂƌ ϭ͕ϰϲϯ͕ϳϲϵΨϴ͕ϵϴϵ͕ϰϰϰΨϱ͕ϬϴϲΨϮϲϱ͕ϰϳϱΨϰϵϬ͕ϬϬϬΨ ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐ   443 ϵϭ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐʹ EŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ >ĂYƵŝŶƚĂWƵďůŝĐ ƌƚŝŶ ^ŽƵƚŚŽĂƐƚ YƵŝŵďLJ ^ĂĨĞƚLJKĨĨŝĐĞƌ WƵďůŝĐWůĂĐĞƐ ŝƌYƵĂůŝƚLJ ϵϯϵ ZĞǀĞŶƵĞƐ dĂdžĞƐ ͲΨͲΨͲΨ ͲΨϲϬ͕ϰϴϲΨ ƐƐĞƐƐŵĞŶƚƐ ͲͲͲͲͲ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ͲͲͲϲϲ͕ϮϲϴϭϬ͕ϯϬϯ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ;Ϯϭ͕ϴϭϯͿϭϮϵϱϲϭϱϭ;ϭϲϴͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϱϳ͕ϮϮϴͲϴϰ͕ϵϳϳͲͲ DŝƐĐĞůůĂŶĞŽƵƐ ͲͲͲͲͲ dŽƚĂůƌĞǀĞŶƵĞƐ ϯϱ͕ϰϭϱϭϮϴϱ͕ϵϯϯϲϲ͕ϰϭϵϳϬ͕ϲϮϭ džƉĞŶĚŝƚƵƌĞƐ ƵƌƌĞŶƚ 'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚ ͲͲͲͲͲ WƵďůŝĐƐĂĨĞƚLJ ͲͲͲͲͲ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ͲͲͲϱϳ͕ϰϭϯϱϯ͕ϵϯϮ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ͲͲϰϵ͕ϴϰϱͲͲ WƵďůŝĐǁŽƌŬƐ ͲͲͲͲͲ ĂƉŝƚĂůŽƵƚůĂLJ ͲͲϭϯ͕ϱϬϬͲͲ ĞďƚƐĞƌǀŝĐĞ /ŶƚĞƌĞƐƚĂŶĚĨŝƐĐĂůĐŚĂƌŐĞƐ ͲͲͲͲͲ dŽƚĂůĞdžƉĞŶĚŝƚƵƌĞƐ ͲͲϲϯ͕ϯϰϱϱϳ͕ϰϭϯϱϯ͕ϵϯϮ džĐĞƐƐ;ĞĨŝĐŝĞŶĐLJͿŽĨZĞǀĞŶƵĞƐ ŽǀĞƌ;ƵŶĚĞƌͿdžƉĞŶĚŝƚƵƌĞƐ ϯϱ͕ϰϭϱϭϮϮϮ͕ϱϴϴϵ͕ϬϬϲϭϲ͕ϲϴϵ K ƚŚĞƌ&ŝŶĂŶĐŝŶŐ^ŽƵƌĐĞƐ;hƐĞƐͿ dƌĂŶƐĨĞƌƐŝŶ ͲϮ͕ϬϬϬϱϬ͕ϬϬϬͲͲ dƌĂŶƐĨĞƌƐŽƵƚ ;ϭ͕ϲϬϬ͕ϵϴϵͿͲͲͲͲ dŽƚĂůŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞƐ;ƵƐĞƐͿ ;ϭ͕ϲϬϬ͕ϵϴϵͿϮ͕ϬϬϬϱϬ͕ϬϬϬͲͲ EĞƚŚĂŶŐĞŝŶ&ƵŶĚĂůĂŶĐĞƐ ;ϭ͕ϱϲϱ͕ϱϳϰͿϮ͕ϬϭϮϳϮ͕ϱϴϴϵ͕ϬϬϲϭϲ͕ϲϴϵ &ƵŶĚĂůĂŶĐĞƐ͕ĞŐŝŶŶŝŶŐŽĨzĞĂƌ ϭ͕ϱϲϱ͕ϱϳϰϰϳ͕ϱϱϳϲϵϮ͕ϬϮϲϮϯ͕ϱϭϴϳϴϵ͕ϵϲϰ &ƵŶĚĂůĂŶĐĞƐ͕ŶĚŽĨzĞĂƌ ͲΨ ϰϵ͕ϱϲϵΨ ϳϲϰ͕ϲϭϰΨ ϯϮ͕ϱϮϰΨ ϴϬϲ͕ϲϱϯΨ  ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐ 444    ϵϮ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐʹ EŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   ĂƉŝƚĂůWƌŽũĞĐƚƐ &ƵŶĚ dƌĂŶƐƉŽƌƚĂƚŝŽŶ DĂŝŶƚĞŶĂŶĐĞ >Ăǁ ĐŽŶŽŵŝĐ hŶŝĨŽƌŵ &ĂĐŝůŝƚŝĞƐ ŶĨŽƌĐĞŵĞŶƚ DĞĂƐƵƌĞ ĞǀĞůŽƉŵĞŶƚ ϭϯϳϵ DŝƚŝŐĂƚŝŽŶ&ĞĞ /& ZĞǀĞŶƵĞƐ dĂdžĞƐ ͲΨ ϭ͕ϵϭϳ͕ϰϰϲΨ ͲΨ ͲΨ ͲΨ ͲΨ ƐƐĞƐƐŵĞŶƚƐ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϭϬ͕ϰϴϲ Ͳ Ͳ ϭϳ͕ϭϭϮ Ͳ Ͳ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ;ϭϬ͕ϯϵϳͿ Ϯϯ͕Ϯϭϳ ;Ϯϭ͕ϴϳϲͿ ϮϮϳ ;ϰ͕ϬϰϬͿ ϲϵϭ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ Ͳ Ͳ Ͳ Ͳ Ͳ ϰϲ͕ϯϮϰ DŝƐĐĞůůĂŶĞŽƵƐ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ dŽƚĂůƌĞǀĞŶƵĞƐ ϴϵ ϭ͕ϵϰϬ͕ϲϲϯ ;Ϯϭ͕ϴϳϲͿ ϭϳ͕ϯϯϵ ;ϰ͕ϬϰϬͿ ϰϳ͕Ϭϭϱ džƉĞŶĚŝƚƵƌĞƐ ƵƌƌĞŶƚ 'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ WƵďůŝĐƐĂĨĞƚLJ ϰϮ͕Ϯϲϯ Ͳ Ͳ Ͳ Ͳ Ͳ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ Ͳ Ͳ ϭ͕ϰϵϰ͕ϯϳϰ ϯ͕ϯϭϬ Ͳ Ͳ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ WƵďůŝĐǁŽƌŬƐ Ͳ ϴ͕ϳϳϬ Ͳ Ͳ Ͳ Ͳ ĂƉŝƚĂůŽƵƚůĂLJ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ ĞďƚƐĞƌǀŝĐĞ /ŶƚĞƌĞƐƚĂŶĚĨŝƐĐĂůĐŚĂƌŐĞƐ ͲͲͲͲͲͲ dŽƚĂůĞdžƉĞŶĚŝƚƵƌĞƐ ϰϮ͕Ϯϲϯϴ͕ϳϳϬϭ͕ϰϵϰ͕ϯϳϰϯ͕ϯϭϬͲͲ džĐĞƐƐ;ĞĨŝĐŝĞŶĐLJͿŽĨZĞǀĞŶƵĞƐ ŽǀĞƌ;ƵŶĚĞƌͿdžƉĞŶĚŝƚƵƌĞƐ ;ϰϮ͕ϭϳϰͿϭ͕ϵϯϭ͕ϴϵϯ;ϭ͕ϱϭϲ͕ϮϱϬͿϭϰ͕ϬϮϵ;ϰ͕ϬϰϬͿϰϳ͕Ϭϭϱ KƚŚĞƌ&ŝŶĂŶĐŝŶŐ^ŽƵƌĐĞƐ;hƐĞƐͿ dƌĂŶƐĨĞƌƐŝŶ ϯϯϮ͕ϬϬϬͲ ϱϬϬ͕ϬϬϬͲͲͲ dƌĂŶƐĨĞƌƐŽƵƚ ;ϭ͕Ϭϴϱ͕ϴϵϵͿ;ϮϲϬ͕ϬϴϱͿͲͲͲͲ dŽƚĂůŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞƐ;ƵƐĞƐͿ ;ϳϱϯ͕ϴϵϵͿ;ϮϲϬ͕ϬϴϱͿϱϬϬ͕ϬϬϬͲͲͲ EĞƚŚĂŶŐĞŝŶ&ƵŶĚĂůĂŶĐĞƐ ;ϳϵϲ͕ϬϳϯͿϭ͕ϲϳϭ͕ϴϬϴ;ϭ͕Ϭϭϲ͕ϮϱϬͿϭϰ͕ϬϮϵ;ϰ͕ϬϰϬͿϰϳ͕Ϭϭϱ &ƵŶĚĂůĂŶĐĞƐ͕ĞŐŝŶŶŝŶŐŽĨzĞĂƌ ϭ͕Ϯϭϱ͕ϭϮϭϭ͕ϱϮϳ͕ϰϲϬϰ͕Ϭϲϱ͕ϵϭϳϯϳ͕Ϭϲϱϭϭ͕ϰϵϳͲ &ƵŶĚĂůĂŶĐĞƐ͕ŶĚŽĨzĞĂƌ ϰϭϵ͕ϬϰϴΨϯ͕ϭϵϵ͕ϮϲϴΨϯ͕Ϭϰϵ͕ϲϲϳΨϱϭ͕ϬϵϰΨϳ͕ϰϱϳΨϰϳ͕ϬϭϱΨ ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚƐ   445 ϵϯ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐʹ EŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ WĂƌŬƐĂŶĚ >ŝďƌĂƌLJ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ ŝǀŝĐĞŶƚĞƌ dƌĂŶƐƉŽƌƚĂƚŝŽŶ ZĞĐƌĞĂƚŝŽŶ ĞǀĞůŽƉŵĞŶƚ ZĞǀĞŶƵĞƐ dĂdžĞƐ ͲΨ  ͲΨ ͲΨ ͲΨ  ͲΨ  ƐƐĞƐƐŵĞŶƚƐ ͲͲ ͲͲͲ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ͲͲͲͲͲ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ;ϵͿϮ͕ϴϮϴ;ϱ͕ϱϰϯͿ;ϱ͕ϵϯϵͿͲ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ Ͳ ϭϵϰ͕ϱϮϭϲϵϯ͕ϱϴϲϯϮϴ͕ϬϳϮϲϭ͕ϱϯϭ DŝƐĐĞůůĂŶĞŽƵƐ ͲͲͲͲͲ dŽƚĂůƌĞǀĞŶƵĞƐ ;ϵͿϭϵϳ͕ϯϰϵϲϴϴ͕ϬϰϯϯϮϮ͕ϭϯϯϲϭ͕ϱϯϭ džƉĞŶĚŝƚƵƌĞƐ ƵƌƌĞŶƚ 'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚ ͲͲͲͲͲ WƵďůŝĐƐĂĨĞƚLJ ͲͲͲͲͲ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ͲͲͲͲͲ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ͲͲͲͲͲ WƵďůŝĐǁŽƌŬƐ ͲͲ ϰϬϬ͕ϬϬϭͲͲ ĂƉŝƚĂůŽƵƚůĂLJ ͲͲͲͲͲ ĞďƚƐĞƌǀŝĐĞ /ŶƚĞƌĞƐƚĂŶĚĨŝƐĐĂůĐŚĂƌŐĞƐ ͲͲͲͲϭϱ͕ϭϯϯ dŽƚĂůĞdžƉĞŶĚŝƚƵƌĞƐ ͲͲ ϰϬϬ͕ϬϬϭͲϭϱ͕ϭϯϯ džĐĞƐƐ;ĞĨŝĐŝĞŶĐLJͿŽĨZĞǀĞŶƵĞƐ ŽǀĞƌ;ƵŶĚĞƌͿdžƉĞŶĚŝƚƵƌĞƐ ;ϵͿϭϵϳ͕ϯϰϵϮϴϴ͕ϬϰϮϯϮϮ͕ϭϯϯϰϲ͕ϯϵϴ K ƚŚĞƌ&ŝŶĂŶĐŝŶŐ^ŽƵƌĐĞƐ;hƐĞƐͿ dƌĂŶƐĨĞƌƐŝŶ ͲͲͲͲͲ dƌĂŶƐĨĞƌƐŽƵƚ ͲͲ ;ϯϰϯ͕ϬϱϱͿ;ϵϲϮ͕ϰϲϵͿͲ dŽƚĂůŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞƐ;ƵƐĞƐͿ ͲͲ ;ϯϰϯ͕ϬϱϱͿ;ϵϲϮ͕ϰϲϵͿͲ EĞƚŚĂŶŐĞŝŶ&ƵŶĚĂůĂŶĐĞƐ ;ϵͿϭϵϳ͕ϯϰϵ;ϱϱ͕ϬϭϯͿ;ϲϰϬ͕ϯϯϲͿϰϲ͕ϯϵϴ &ƵŶĚĂůĂŶĐĞƐ͕ĞŐŝŶŶŝŶŐŽĨzĞĂƌ ϭϵ͕ϰϬϴϯϬϭ͕ϮϳϭϮ͕ϯϮϭ͕ϱϬϮϮϵϰ͕ϬϮϳ;ϭ͕ϱϬϱ͕ϭϴϳͿ &ƵŶĚĂůĂŶĐĞƐ͕ŶĚŽĨzĞĂƌ ϭϵ͕ϯϵϵΨ ϰϵϴ͕ϲϮϬΨ Ϯ͕Ϯϲϲ͕ϰϴϵΨ ;ϯϰϲ͕ϯϬϵͿΨ ;ϭ͕ϰϱϴ͕ϳϴϵͿΨ  ĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚƐ 446    ϵϰ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶĚŝƚƵƌĞƐĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚĂůĂŶĐĞƐʹ EŽŶŵĂũŽƌ'ŽǀĞƌŶŵĞŶƚĂů&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   Ğďƚ^ĞƌǀŝĐĞ &ƵŶĚ dŽƚĂů ŽŵŵƵŶŝƚLJ &ŝŶĂŶĐŝŶŐ 'ŽǀĞƌŶŵĞŶƚĂů ĞŶƚĞƌ ^ƚƌĞĞƚ&ĂĐŝůŝƚLJ WĂƌŬ&ĂĐŝůŝƚLJ &ŝƌĞ&ĂĐŝůŝƚLJ ƵƚŚŽƌŝƚLJ &ƵŶĚƐ ZĞǀĞŶƵĞƐ dĂdžĞƐ ͲΨͲΨͲΨͲΨͲΨ ϭ͕ϵϳϳ͕ϵϯϮΨ ƐƐĞƐƐŵĞŶƚƐ ͲͲͲͲͲ ϵϴϰ͕ϰϯϱ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ͲͲͲͲͲ ϱ͕ϭϳϳ͕ϭϯϬ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϳϱϮϲϮ;ϰϳͿϴϲϳϭ͕ϭϬϬ;ϭϲ͕ϯϲϮͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϭϰϮ͕ϱϮϬϰ͕ϬϵϱϯϮϬϲϬ͕ϯϱϳͲ ϭ͕ϲϳϯ͕ϱϯϭ DŝƐĐĞůůĂŶĞŽƵƐ ͲͲͲͲͲϭ͕Ϭϭϭ dŽƚĂůƌĞǀĞŶƵĞƐ ϭϰϯ͕ϮϳϮϰ͕ϭϱϳϮϳϯϲϭ͕ϮϮϰϭ͕ϭϬϬϵ͕ϳϵϳ͕ϲϳϳ džƉĞŶĚŝƚƵƌĞƐ ƵƌƌĞŶƚ 'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚ ͲͲͲͲϭ͕ϭϬϬϭ͕ϭϬϬ WƵďůŝĐƐĂĨĞƚLJ ͲͲͲͲͲ ϭϰϯ͕ϳϵϯ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ͲͲͲͲͲ ϭ͕ϲϬϵ͕ϬϮϵ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ͲͲͲͲͲ Ϯ͕Ϭϵϳ͕ϯϳϴ WƵďůŝĐǁŽƌŬƐ ͲͲͲͲͲ ϯ͕ϯϱϲ͕ϰϰϮ ĂƉŝƚĂůŽƵƚůĂLJ ͲͲͲͲͲ ϭϰ͕Ϭϱϭ ĞďƚƐĞƌǀŝĐĞ /ŶƚĞƌĞƐƚĂŶĚĨŝƐĐĂůĐŚĂƌŐĞƐ ͲͲͲͲͲ ϭϱ͕ϭϯϯ dŽƚĂůĞdžƉĞŶĚŝƚƵƌĞƐ ͲͲͲͲϭ͕ϭϬϬϳ͕Ϯϯϲ͕ϵϮϲ džĐĞƐƐ;ĞĨŝĐŝĞŶĐLJͿŽĨZĞǀĞŶƵĞƐ ŽǀĞƌ;ƵŶĚĞƌͿdžƉĞŶĚŝƚƵƌĞƐ ϭϰϯ͕ϮϳϮϰ͕ϭϱϳϮϳϯϲϭ͕ϮϮϰͲ Ϯ͕ϱϲϬ͕ϳϱϭ KƚŚĞƌ&ŝŶĂŶĐŝŶŐ^ŽƵƌĐĞƐ;hƐĞƐͿ dƌĂŶƐĨĞƌƐŝŶ ͲͲͲͲͲ ϭ͕ϴϬϱ͕ϬϬϬ dƌĂŶƐĨĞƌƐŽƵƚ ;ϭϬϭ͕ϲϯϵͿͲͲͲͲ ;ϰ͕ϵϯϵ͕ϳϵϲͿ dŽƚĂůŽƚŚĞƌĨŝŶĂŶĐŝŶŐƐŽƵƌĐĞƐ;ƵƐĞƐͿ ;ϭϬϭ͕ϲϯϵͿͲͲͲͲ ;ϯ͕ϭϯϰ͕ϳϵϲͿ EĞƚŚĂŶŐĞŝŶ&ƵŶĚĂůĂŶĐĞƐ ϰϭ͕ϲϯϯϰ͕ϭϱϳϮϳϯϲϭ͕ϮϮϰͲ ;ϱϳϰ͕ϬϰϱͿ &ƵŶĚĂůĂŶĐĞƐ͕ĞŐŝŶŶŝŶŐŽĨzĞĂƌ ϭϵϮ͕ϳϱϯϯϵ͕ϭϯϬϱ͕ϳϮϯϭϯϲ͕ϬϯϲͲ Ϯϭ͕ϲϳϱ͕Ϭϲϳ &ƵŶĚĂůĂŶĐĞƐ͕ŶĚŽĨzĞĂƌ Ϯϯϰ͕ϯϴϲΨϰϯ͕ϮϴϳΨϱ͕ϵϵϲΨϭϵϳ͕ϮϲϬΨͲΨ Ϯϭ͕ϭϬϭ͕ϬϮϮΨ ĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚƐ   447 ϵϱ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ ^ƚĂƚĞ'ĂƐdĂdž zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϵϵϯ͕ϲϰϯΨ  ϵϵϯ͕ϲϰϯΨ  ϵϵϯ͕ϲϰϯΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϭ͕ϳϭϵ͕ϰϬϬ ϭ͕ϳϯϮ͕ϴϬϬ ϭ͕ϲϰϴ͕ϳϬϴ ;ϴϰ͕ϬϵϮͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϵ͕ϬϬϬ ϵ͕ϬϬϬϳ͕ϴϮϳ;ϭ͕ϭϳϯͿ dƌĂŶƐĨĞƌƐŝŶ ϱϬ͕ϬϬϬϱϬ͕ϬϬϬϱϬ͕ϬϬϬͲ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ Ϯ͕ϳϳϮ͕ϬϰϯϮ͕ϳϴϱ͕ϰϰϯϮ͕ϳϬϬ͕ϭϳϴ;ϴϱ͕ϮϲϱͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WƵďůŝĐǁŽƌŬƐ ϵϴϬ͕ϮϬϬϭ͕ϬϲϮ͕ϮϬϬϵϯϳ͕ϬϮϱϭϮϱ͕ϭϳϱ dƌĂŶƐĨĞƌƐŽƵƚ ϳϵϱ͕ϭϬϬϭ͕ϮϮϲ͕ϱϲϵϮϵϵ͕ϯϴϰϵϮϳ͕ϭϴϱ dŽƚĂůĐŚĂƌŐĞƐƚŽ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭ͕ϳϳϱ͕ϯϬϬϮ͕Ϯϴϴ͕ϳϲϵϭ͕Ϯϯϲ͕ϰϬϵϭ͕ϬϱϮ͕ϯϲϬ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϵϵϲ͕ϳϰϯΨ ϰϵϲ͕ϲϳϰΨ ϭ͕ϰϲϯ͕ϳϲϵΨ ϵϲϳ͕ϬϵϱΨ  ƵĚŐĞƚŵŽƵŶƚƐ 448 ϵϲ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ >ŝďƌĂƌLJĂŶĚDƵƐĞƵŵ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϴ͕ϬϱϬ͕ϭϬϱΨ  ϴ͕ϬϱϬ͕ϭϬϱΨ  ϴ͕ϬϱϬ͕ϭϬϱΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů Ϯ͕ϳϮϳ͕ϬϬϬ Ϯ͕ϳϮϳ͕ϬϬϬ Ϯ͕ϵϳϰ͕ϯϲϰ Ϯϰϳ͕ϯϲϰ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϴϬ͕ϬϬϬ ϴϬ͕ϬϬϬ ϭϮ͕Ϭϰϴ ;ϲϳ͕ϵϱϮͿ DŝƐĐĞůůĂŶĞŽƵƐƌĞǀĞŶƵĞ ϭ͕ϱϬϬ ϮϬϬ ϭ͕Ϭϭϭ ϴϭϭ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϬ͕ϴϱϴ͕ϲϬϱ ϭϬ͕ϴϱϳ͕ϯϬϱϭϭ͕Ϭϯϳ͕ϱϮϴϭϴϬ͕ϮϮϯ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ϭ͕ϳϭϬ͕ϭϬϬϮ͕ϯϭϯ͕ϭϬϬϮ͕Ϭϰϳ͕ϱϯϯϮϲϱ͕ϱϲϳ ĂƉŝƚĂůKƵƚůĂLJ ϱ͕ϬϬϬϱ͕ϬϬϬϱϱϭϰ͕ϰϰϵ dŽƚĂůĐŚĂƌŐĞƐƚŽ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭ͕ϳϭϱ͕ϭϬϬϮ͕ϯϭϴ͕ϭϬϬϮ͕Ϭϰϴ͕ϬϴϰϮϳϬ͕Ϭϭϲ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϵ͕ϭϰϯ͕ϱϬϱΨ ϴ͕ϱϯϵ͕ϮϬϱΨ ϴ͕ϵϴϵ͕ϰϰϰΨ ϰϱϬ͕ϮϯϵΨ  ƵĚŐĞƚŵŽƵŶƚƐ 449  ϵϳ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ &ĞĚĞƌĂůƐƐŝƐƚĂŶĐĞ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ;ϱ͕ϮϳϭͿΨ;ϱ͕ϮϳϭͿΨ;ϱ͕ϮϳϭͿΨͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϭϰϭ͕ϵϬϬϭϰϳ͕ϰϳϮϮϵϯ͕ϭϲϮϭϰϱ͕ϲϵϬ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ͲͲϯ͕ϰϳϭϯ͕ϰϳϭ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϯϲ͕ϲϮϵϭϰϮ͕ϮϬϭϮϵϭ͕ϯϲϮϭϰϵ͕ϭϲϭ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WƵďůŝĐtŽƌŬƐ ϮϬ͕ϬϬϬϮϬ͕ϬϬϬͲϮϬ͕ϬϬϬ dƌĂŶƐĨĞƌƐŽƵƚ ϭϮϭ͕ϵϬϬϯϬϭ͕ϯϯϵϮϴϲ͕Ϯϳϲϭϱ͕Ϭϲϯ dŽƚĂůĐŚĂƌŐĞƐƚŽ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϰϭ͕ϵϬϬϯϮϭ͕ϯϯϵϮϴϲ͕Ϯϳϲϯϱ͕Ϭϲϯ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ;ϱ͕ϮϳϭͿΨ;ϭϳϵ͕ϭϯϴͿΨϱ͕ϬϴϲΨϭϴϰ͕ϮϮϰΨ ƵĚŐĞƚŵŽƵŶƚƐ   450  ϵϴ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ ^>^ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϮϬϴ͕ϯϴϴΨϮϬϴ͕ϯϴϴΨϮϬϴ͕ϯϴϴΨͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϭϬϬ͕ϬϬϬϭϬϬ͕ϬϬϬϭϱϲ͕ϳϮϳϱϲ͕ϳϮϳ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϭ͕ϬϬϬϭ͕ϬϬϬϭ͕ϴϵϬϴϵϬ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϯϬϵ͕ϯϴϴϯϬϵ͕ϯϴϴϯϲϳ͕ϬϬϱϱϳ͕ϲϭϳ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WƵďůŝĐƐĂĨĞƚLJ ϭϬϬ͕ϬϬϬϭϬϬ͕ϬϬϬϭϬϭ͕ϱϯϬ;ϭ͕ϱϯϬͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϮϬϵ͕ϯϴϴΨϮϬϵ͕ϯϴϴΨϮϲϱ͕ϰϳϱΨϱϲ͕ϬϴϳΨ ƵĚŐĞƚŵŽƵŶƚƐ   451 ϵϵ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ >ŝŐŚƚŝŶŐĂŶĚ>ĂŶĚƐĐĂƉŝŶŐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϲϰϳ͕ϴϰϬΨ  ϲϰϳ͕ϴϰϬΨ  ϲϰϳ͕ϴϰϬΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ ƐƐĞƐƐŵĞŶƚƐ ϵϵϲ͕ϬϬϬ ϵϳϲ͕ϭϬϬϵϴϰ͕ϰϯϱϴ͕ϯϯϱ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϭϬ͕ϬϬϬϭϬ͕ϬϬϬ;Ϯ͕ϲϮϵͿ;ϭϮ͕ϲϮϵͿ dƌĂŶƐĨĞƌƐŝŶ ϴϳϭ͕ϬϬϬϴϳϭ͕ϬϬϬϴϳϭ͕ϬϬϬͲ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ Ϯ͕ϱϮϰ͕ϴϰϬϮ͕ϱϬϰ͕ϵϰϬϮ͕ϱϬϬ͕ϲϰϲ;ϰ͕ϮϵϰͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WƵďůŝĐǁŽƌŬƐ ϭ͕ϴϳϲ͕ϲϬϬϮ͕ϭϮϲ͕ϲϬϬϮ͕ϬϭϬ͕ϲϰϲϭϭϱ͕ϵϱϰ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϲϰϴ͕ϮϰϬΨ ϯϳϴ͕ϯϰϬΨ ϰϵϬ͕ϬϬϬΨ ϭϭϭ͕ϲϲϬΨ  ƵĚŐĞƚŵŽƵŶƚƐ 452  ϭϬϬ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ YƵŝŵďLJ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϭ͕ϱϲϱ͕ϱϳϰΨϭ͕ϱϲϱ͕ϱϳϰΨϭ͕ϱϲϱ͕ϱϳϰΨͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϯϬ͕ϬϬϬϯϬ͕ϬϬϬ;Ϯϭ͕ϴϭϯͿ;ϱϭ͕ϴϭϯͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϱϬ͕ϬϬϬϱϬ͕ϬϬϬϱϳ͕ϮϮϴϳ͕ϮϮϴ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭ͕ϲϰϱ͕ϱϳϰϭ͕ϲϰϱ͕ϱϳϰϭ͕ϲϬϬ͕ϵϴϵ;ϰϰ͕ϱϴϱͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ dƌĂŶƐĨĞƌƐŽƵƚ Ͳ Ϯ͕ϳϴϭ͕ϲϮϱϭ͕ϲϬϬ͕ϵϴϵϭ͕ϭϴϬ͕ϲϯϲ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϭ͕ϲϰϱ͕ϱϳϰΨ;ϭ͕ϭϯϲ͕ϬϱϭͿΨͲΨ ϭ͕ϭϯϲ͕ϬϱϭΨ ƵĚŐĞƚŵŽƵŶƚƐ   453 ϭϬϭ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ WƵďůŝĐ^ĂĨĞƚLJ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϰϳ͕ϱϱϳΨ  ϰϳ͕ϱϱϳΨ  ϰϳ͕ϱϱϳΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϲϬϬ ϲϬϬ ϭϮ ;ϱϴϴͿ dƌĂŶƐĨĞƌƐŝŶ Ϯ͕ϬϬϬ Ϯ͕ϬϬϬϮ͕ϬϬϬͲ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϱϬ͕ϭϱϳϱϬ͕ϭϱϳϰϵ͕ϱϲϵ;ϱϴϴͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϱϬ͕ϭϱϳΨ ϱϬ͕ϭϱϳΨ ϰϵ͕ϱϲϵΨ ;ϱϴϴͿΨ  ƵĚŐĞƚŵŽƵŶƚƐ 454  ϭϬϮ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ ƌƚŝŶWƵďůŝĐWůĂĐĞƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϲϵϮ͕ϬϮϲΨϲϵϮ͕ϬϮϲΨϲϵϮ͕ϬϮϲΨͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϲ͕ϬϬϬϲ͕ϬϬϬϵϱϲ;ϱ͕ϬϰϰͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϱϱ͕ϬϬϬϲϱ͕ϬϬϬϴϰ͕ϵϳϳϭϵ͕ϵϳϳ dƌĂŶƐĨĞƌ/Ŷ ϱϬ͕ϬϬϬϱϬ͕ϬϬϬϱϬ͕ϬϬϬͲ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϴϬϯ͕ϬϮϲϴϭϯ͕ϬϮϲϴϮϳ͕ϵϱϵϭϰ͕ϵϯϯ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ ŽŵŵƵŶŝƚLJƐĞƌǀŝĐĞƐ ϲϬ͕ϬϬϬϲϬ͕ϬϬϬϰϵ͕ϴϰϱϭϬ͕ϭϱϱ ĂƉŝƚĂůŽƵƚůĂLJ ϱϬ͕ϬϬϬϱϬ͕ϬϬϬϭϯ͕ϱϬϬϯϲ͕ϱϬϬ dƌĂŶƐĨĞƌƐŽƵƚ Ͳ ϲϭϱ͕ϳϬϬͲ ϲϭϱ͕ϳϬϬ dŽƚĂůĐŚĂƌŐĞƐƚŽ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϭϬ͕ϬϬϬϳϮϱ͕ϳϬϬϲϯ͕ϯϰϱϲϲϮ͕ϯϱϱ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϲϵϯ͕ϬϮϲΨϴϳ͕ϯϮϲΨϳϲϰ͕ϲϭϰΨϲϳϳ͕ϮϴϴΨ ƵĚŐĞƚŵŽƵŶƚƐ   455 ϭϬϯ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ ^ŽƵƚŚŽĂƐƚŝƌYƵĂůŝƚLJ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ Ϯϯ͕ϱϭϴΨ  Ϯϯ͕ϱϭϴΨ  Ϯϯ͕ϱϭϴΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϱϮ͕ϬϬϬ ϱϮ͕ϬϬϬϲϲ͕Ϯϲϴϭϰ͕Ϯϲϴ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϭ͕ϬϬϬϭ͕ϬϬϬϭϱϭ;ϴϰϵͿ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϳϲ͕ϱϭϴϳϲ͕ϱϭϴϴϵ͕ϵϯϳϭϯ͕ϰϭϵ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ϰϮ͕ϮϬϬϰϴ͕ϵϬϬϱϳ͕ϰϭϯ;ϴ͕ϱϭϯͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϯϰ͕ϯϭϴΨ Ϯϳ͕ϲϭϴΨ ϯϮ͕ϱϮϰΨ ϰ͕ϵϬϲΨ  ƵĚŐĞƚŵŽƵŶƚƐ 456  ϭϬϰ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ ϵϯϵ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϳϴϵ͕ϵϲϰΨϳϴϵ͕ϵϲϰΨϳϴϵ͕ϵϲϰΨͲΨ ZĞƐŽƵƌĐĞƐ;/Ŷ&ůŽǁƐͿ dĂdžĞƐ ϲϭ͕ϬϬϬϲϭ͕ϬϬϬϲϬ͕ϰϴϲ;ϱϭϰͿ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ͲͲϭϬ͕ϯϬϯϭϬ͕ϯϬϯ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJϭϱ͕ϬϬϬϭϱ͕ϬϬϬ;ϭϲϴͿ;ϭϱ͕ϭϲϴͿ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϴϲϱ͕ϵϲϰϴϲϱ͕ϵϲϰϴϲϬ͕ϱϴϱ;ϱ͕ϯϳϵͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ϭϬϬ͕ϬϬϬϮϱϬ͕ϬϬϬϱϯ͕ϵϯϮϭϵϲ͕Ϭϲϴ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϳϲϱ͕ϵϲϰΨϲϭϱ͕ϵϲϰΨϴϬϲ͕ϲϱϯΨϭϵϬ͕ϲϴϵΨ ƵĚŐĞƚŵŽƵŶƚƐ   457 ϭϬϱ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ >ĂǁŶĨŽƌĐĞŵĞŶƚ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϭ͕Ϯϭϱ͕ϭϮϭΨ  ϭ͕Ϯϭϱ͕ϭϮϭΨ ϭ͕Ϯϭϱ͕ϭϮϭΨ ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϭϳ͕ϬϬϬϮϰ͕ϲϬϬϭϬ͕ϰϴϲ;ϭϰ͕ϭϭϰͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϭϬ͕ϭϬϬϭϬ͕ϭϬϬ;ϭϬ͕ϯϵϳͿ;ϮϬ͕ϰϵϳͿ dƌĂŶƐĨĞƌ/Ŷ Ͳ ϯϯϮ͕ϬϬϬϯϯϮ͕ϬϬϬͲ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭ͕ϮϰϮ͕ϮϮϭϭ͕ϱϴϭ͕ϴϮϭϭ͕ϱϰϳ͕ϮϭϬ;ϯϰ͕ϲϭϭͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WƵďůŝĐƐĂĨĞƚLJ ϭϳ͕ϬϬϬϮϰ͕ϲϬϬϰϮ͕Ϯϲϯ;ϭϳ͕ϲϲϯͿ dƌĂŶƐĨĞƌƐŽƵƚ ϭ͕ϬϬϬ͕ϬϬϬϭ͕ϯϳϮ͕Ϯϵϲϭ͕Ϭϴϱ͕ϴϵϵϮϴϲ͕ϯϵϳ dŽƚĂůŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭ͕Ϭϭϳ͕ϬϬϬϭ͕ϯϵϲ͕ϴϵϲϭ͕ϭϮϴ͕ϭϲϮϮϲϴ͕ϳϯϰ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϮϮϱ͕ϮϮϭΨ ϭϴϰ͕ϵϮϱΨ ϰϭϵ͕ϬϰϴΨ Ϯϯϰ͕ϭϮϯΨ  ƵĚŐĞƚŵŽƵŶƚƐ 458  ϭϬϲ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ DĞĂƐƵƌĞ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϭ͕ϱϮϳ͕ϰϲϬΨϭ͕ϱϮϳ͕ϰϲϬΨϭ͕ϱϮϳ͕ϰϲϬΨͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ dĂdžĞƐ ϭ͕Ϯϵϵ͕ϬϬϬϭ͕ϰϵϵ͕ϬϬϬϭ͕ϵϭϳ͕ϰϰϲϰϭϴ͕ϰϰϲ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϮϬ͕ϬϬϬϮϬ͕ϬϬϬϮϯ͕Ϯϭϳϯ͕Ϯϭϳ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ Ϯ͕ϴϰϲ͕ϰϲϬϯ͕Ϭϰϲ͕ϰϲϬϯ͕ϰϲϴ͕ϭϮϯϰϮϭ͕ϲϲϯ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚ&ůŽǁƐͿ WƵďůŝĐtŽƌŬƐ ͲͲϴ͕ϳϳϬ;ϴ͕ϳϳϬͿ dƌĂŶƐĨĞƌƐŽƵƚ ϭ͕Ϯϲϯ͕ϵϬϬϮ͕ϰϱϱ͕ϬϴϰϮϲϬ͕ϬϴϱϮ͕ϭϵϰ͕ϵϵϵ dŽƚĂůĐŚĂƌŐĞƐƚŽ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭ͕Ϯϲϯ͕ϵϬϬϮ͕ϰϱϱ͕ϬϴϰϮϲϴ͕ϴϱϱϮ͕ϭϴϲ͕ϮϮϵ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϭ͕ϱϴϮ͕ϱϲϬΨϱϵϭ͕ϯϳϲΨϯ͕ϭϵϵ͕ϮϲϴΨϮ͕ϲϬϳ͕ϴϵϮΨ ƵĚŐĞƚŵŽƵŶƚƐ   459 ϭϬϳ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϰ͕Ϭϲϱ͕ϵϭϳΨ ϰ͕Ϭϲϱ͕ϵϭϳΨ ϰ͕Ϭϲϱ͕ϵϭϳΨ ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϰϬ͕ϬϬϬϰϬ͕ϬϬϬ;Ϯϭ͕ϴϳϲͿ;ϲϭ͕ϴϳϲͿ dƌĂŶƐĨĞƌŝŶ Ͳ ϲϬϵ͕ϭϬϬϱϬϬ͕ϬϬϬ;ϭϬϵ͕ϭϬϬͿ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϰ͕ϭϬϱ͕ϵϭϳϰ͕ϳϭϱ͕Ϭϭϳϰ͕ϱϰϰ͕Ϭϰϭ;ϭϳϬ͕ϵϳϲͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ϭϬ͕ϬϬϬϭ͕ϲϯϬ͕ϱϬϬϭ͕ϰϵϰ͕ϯϳϰϭϯϲ͕ϭϮϲ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϰ͕Ϭϵϱ͕ϵϭϳΨ ϯ͕Ϭϴϰ͕ϱϭϳΨ ϯ͕Ϭϰϵ͕ϲϲϳΨ ;ϯϰ͕ϴϱϬͿΨ  ƵĚŐĞƚŵŽƵŶƚƐ 460 ϭϬϴ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹ^ƉĞĐŝĂůZĞǀĞŶƵĞ&ƵŶĚ ϭϯϳϵ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϯϳ͕ϬϲϱΨ ϯϳ͕ϬϲϱΨ ϯϳ͕ϬϲϱΨ ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϭϴ͕ϬϬϬϭϴ͕ϬϬϬϭϳ͕ϭϭϮ;ϴϴϴͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϮϬϬϮϬϬϮϮϳϮϳ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϱϱ͕Ϯϲϱϱϱ͕Ϯϲϱϱϰ͕ϰϬϰ;ϴϲϭͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ϰ͕ϰϬϬϰ͕ϰϬϬϯ͕ϯϭϬϭ͕ϬϵϬ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϱϬ͕ϴϲϱΨ ϱϬ͕ϴϲϱΨ ϱϭ͕ϬϵϰΨ ϮϮϵΨ  ƵĚŐĞƚŵŽƵŶƚƐ 461  ϭϬϵ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ ĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ;ϯ͕ϲϲϰ͕ϳϴϱͿΨ;ϯ͕ϲϲϰ͕ϳϴϱͿΨ;ϯ͕ϲϲϰ͕ϳϴϱͿΨͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ /ŶƚĞƌŐŽǀĞƌŶŵĞŶƚĂů ϭϮ͕ϱϯϱ͕ϱϬϬϯϴ͕ϯϮϰ͕ϯϭϱϭϭ͕ϵϵϭ͕Ϯϯϰ;Ϯϲ͕ϯϯϯ͕ϬϴϭͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ Ͳ ϭ͕ϬϳϮ͕ϲϴϭϭϳϭ͕ϭϯϰ;ϵϬϭ͕ϱϰϳͿ dƌĂŶƐĨĞƌƐŝŶ ϲ͕ϱϮϮ͕ϴϬϬϯϱ͕ϰϱϯ͕ϵϱϲϴ͕ϵϳϲ͕Ϯϲϳ;Ϯϲ͕ϰϳϳ͕ϲϴϵͿ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϱ͕ϯϵϯ͕ϱϭϱϳϭ͕ϭϴϲ͕ϭϲϳϭϳ͕ϰϳϯ͕ϴϱϬ;ϱϯ͕ϳϭϮ͕ϯϭϳͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚ ϭ͕ϱϬϱ͕ϬϬϬϮ͕ϳϭϵ͕ϯϴϬϭ͕Ϭϴϲ͕ϭϲϵϭ͕ϲϯϯ͕Ϯϭϭ ĂƉŝƚĂůŽƵƚůĂLJ ϭϳ͕ϱϱϯ͕ϯϬϬϲϴ͕ϵϭϵ͕ϯϲϲϭϳ͕ϳϲϰ͕ϴϰϱϱϭ͕ϭϱϰ͕ϱϮϭ dŽƚĂůĐŚĂƌŐĞƐƚŽ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϵ͕Ϭϱϴ͕ϯϬϬϳϭ͕ϲϯϴ͕ϳϰϲϭϴ͕ϴϱϭ͕ϬϭϰϱϮ͕ϳϴϳ͕ϳϯϮ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ;ϯ͕ϲϲϰ͕ϳϴϱͿΨ;ϰϱϮ͕ϱϳϵͿΨ;ϭ͕ϯϳϳ͕ϭϲϰͿΨ;ϵϮϰ͕ϱϴϱͿΨ ƵĚŐĞƚŵŽƵŶƚƐ   462  ϭϭϬ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϭϵ͕ϰϬϴΨϭϵ͕ϰϬϴΨϭϵ͕ϰϬϴΨͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϮϬϬϮϬϬ;ϵͿ;ϮϬϵͿ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϵ͕ϲϬϴϭϵ͕ϲϬϴϭϵ͕ϯϵϵ;ϮϬϵͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ dƌĂŶƐĨĞƌƐŽƵƚ ͲϮϮ͕ϲϭϴͲϮϮ͕ϲϭϴ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϭϵ͕ϲϬϴΨ;ϯ͕ϬϭϬͿΨϭϵ͕ϯϵϵΨϮϮ͕ϰϬϵΨ ƵĚŐĞƚŵŽƵŶƚƐ   463 ϭϭϭ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ ŝǀŝĐĞŶƚĞƌ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϯϬϭ͕ϮϳϭΨ  ϯϬϭ͕ϮϳϭΨ  ϯϬϭ͕ϮϳϭΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ Ͳ Ϯ͕ϬϬϬ Ϯ͕ϴϮϴ ϴϮϴ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϭϭϬ͕ϬϬϬ ϭϭϬ͕ϬϬϬϭϵϰ͕ϱϮϭϴϰ͕ϱϮϭ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϰϭϭ͕Ϯϳϭϰϭϯ͕Ϯϳϭϰϵϴ͕ϲϮϬϴϱ͕ϯϰϵ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϰϭϭ͕ϮϳϭΨ ϰϭϯ͕ϮϳϭΨ ϰϵϴ͕ϲϮϬΨ ϴϱ͕ϯϰϵΨ  ƵĚŐĞƚŵŽƵŶƚƐ 464  ϭϭϮ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ dƌĂŶƐƉŽƌƚĂƚŝŽŶ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ Ϯ͕ϯϮϭ͕ϱϬϮΨϮ͕ϯϮϭ͕ϱϬϮΨϮ͕ϯϮϭ͕ϱϬϮΨͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϯϬ͕ϬϬϬϯϬ͕ϬϬϬ;ϱ͕ϱϰϯͿ;ϯϱ͕ϱϰϯͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϯϱϬ͕ϬϬϬϯϱϬ͕ϬϬϬϲϵϯ͕ϱϴϲϯϰϯ͕ϱϴϲ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ Ϯ͕ϳϬϭ͕ϱϬϮϮ͕ϳϬϭ͕ϱϬϮϯ͕ϬϬϵ͕ϱϰϱϯϬϴ͕Ϭϰϯ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ WƵďůŝĐǁŽƌŬƐ ϰϬϬ͕ϬϬϬϰϬϬ͕ϬϬϬϰϬϬ͕ϬϬϭϭ dƌĂŶƐĨĞƌƐŽƵƚ ϴϵϯ͕ϬϬϬϭ͕ϱϱϳ͕ϲϳϬϯϰϯ͕Ϭϱϱϭ͕Ϯϭϰ͕ϲϭϱ dŽƚĂůĐŚĂƌŐĞƐƚŽ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭ͕Ϯϵϯ͕ϬϬϬϭ͕ϵϱϳ͕ϲϳϬϳϰϯ͕Ϭϱϲϭ͕Ϯϭϰ͕ϲϭϲ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϭ͕ϰϬϴ͕ϱϬϮΨϳϰϯ͕ϴϯϮΨϮ͕Ϯϲϲ͕ϰϴϵΨϭ͕ϱϮϮ͕ϲϱϵΨ ƵĚŐĞƚŵŽƵŶƚƐ   465 ϭϭϯ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ WĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ Ϯϵϰ͕ϬϮϳΨ  Ϯϵϰ͕ϬϮϳΨ  Ϯϵϰ͕ϬϮϳΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϰ͕ϬϬϬ ϰ͕ϬϬϬ;ϱ͕ϵϯϵͿ;ϵ͕ϵϯϵͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϯϬϬ͕ϬϬϬϯϬϬ͕ϬϬϬϯϮϴ͕ϬϳϮϮϴ͕ϬϳϮ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϱϵϴ͕ϬϮϳϱϵϴ͕ϬϮϳϲϭϲ͕ϭϲϬϭϴ͕ϭϯϯ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ dƌĂŶƐĨĞƌƐŽƵƚ Ͳϵϱϵ͕ϳϭϯϵϲϮ͕ϰϲϵ;Ϯ͕ϳϱϲͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϱϵϴ͕ϬϮϳΨ ;ϯϲϭ͕ϲϴϲͿΨ ;ϯϰϲ͕ϯϬϵͿΨ ϭϱ͕ϯϳϳΨ  ƵĚŐĞƚŵŽƵŶƚƐ 466  ϭϭϰ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ >ŝďƌĂƌLJĞǀĞůŽƉŵĞŶƚ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ;ϭ͕ϱϬϱ͕ϭϴϳͿΨ ;ϭ͕ϱϬϱ͕ϭϴϳͿΨ ;ϭ͕ϱϬϱ͕ϭϴϳͿΨ ͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϰϱ͕ϬϬϬ ϰϱ͕ϬϬϬ ϲϭ͕ϱϯϭ ϭϲ͕ϱϯϭ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ;ϭ͕ϰϲϬ͕ϭϴϳͿ ;ϭ͕ϰϲϬ͕ϭϴϳͿ ;ϭ͕ϰϰϯ͕ϲϱϲͿ ϭϲ͕ϱϯϭ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ ĞďƚƐĞƌǀŝĐĞ /ŶƚĞƌĞƐƚĂŶĚĨŝƐĐĂůĐŚĂƌŐĞƐ ϯϬ͕ϬϬϬ ϯϬ͕ϬϬϬ ϭϱ͕ϭϯϯ ϭϰ͕ϴϲϳ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ;ϭ͕ϰϵϬ͕ϭϴϳͿΨ ;ϭ͕ϰϵϬ͕ϭϴϳͿΨ ;ϭ͕ϰϱϴ͕ϳϴϵͿΨ ϯϭ͕ϯϵϴΨ ƵĚŐĞƚŵŽƵŶƚƐ   467 ϭϭϱ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ ŽŵŵƵŶŝƚLJĞŶƚĞƌ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϭϵϮ͕ϳϱϯΨ  ϭϵϮ͕ϳϱϯΨ  ϭϵϮ͕ϳϱϯΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϭ͕ϱϬϬ ϭ͕ϱϬϬ ϳϱϮ;ϳϰϴͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϭϱ͕ϬϬϬϳϱ͕ϬϬϬϭϰϮ͕ϱϮϬϲϳ͕ϱϮϬ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϮϬϵ͕ϮϱϯϮϲϵ͕Ϯϱϯϯϯϲ͕ϬϮϱϲϲ͕ϳϳϮ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ dƌĂŶƐĨĞƌƐŽƵƚ ͲϭϬϭ͕ϲϯϵϭϬϭ͕ϲϯϵͲ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϮϬϵ͕ϮϱϯΨ ϭϲϳ͕ϲϭϰΨ Ϯϯϰ͕ϯϴϲΨ ϲϲ͕ϳϳϮΨ  ƵĚŐĞƚŵŽƵŶƚƐ 468  ϭϭϲ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ ^ƚƌĞĞƚ&ĂĐŝůŝƚLJ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϯϵ͕ϭϯϬΨ ϯϵ͕ϭϯϬΨ ϯϵ͕ϭϯϬΨ ͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ Ͳ Ͳ ϲϮ ϲϮ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϭϳ͕ϬϬϬ Ϯ͕ϬϬϬ ϰ͕Ϭϵϱ Ϯ͕Ϭϵϱ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϱϲ͕ϭϯϬ ϰϭ͕ϭϯϬ ϰϯ͕Ϯϴϳ Ϯ͕ϭϱϳ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϱϲ͕ϭϯϬΨ ϰϭ͕ϭϯϬΨ ϰϯ͕ϮϴϳΨ Ϯ͕ϭϱϳΨ ƵĚŐĞƚŵŽƵŶƚƐ   469 ϭϭϳ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ WĂƌŬ&ĂĐŝůŝƚLJ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϱ͕ϳϮϯΨ  ϱ͕ϳϮϯΨ  ϱ͕ϳϮϯΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϭϬϬ ϭϬϬ;ϰϳͿ;ϭϰϳͿ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϳ͕ϬϬϬϰϬϬϯϮϬ;ϴϬͿ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϮ͕ϴϮϯϲ͕ϮϮϯϱ͕ϵϵϲ;ϮϮϳͿ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ dƌĂŶƐĨĞƌƐŽƵƚ Ͳϱ͕ϲϬϬͲϱ͕ϲϬϬ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϭϮ͕ϴϮϯΨ ϲϮϯΨ ϱ͕ϵϵϲΨ ϱ͕ϯϳϯΨ  ƵĚŐĞƚŵŽƵŶƚƐ 470 ϭϭϴ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĂƉŝƚĂůWƌŽũĞĐƚƐ&ƵŶĚ &ŝƌĞ&ĂĐŝůŝƚLJ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ϭϯϲ͕ϬϯϲΨ  ϭϯϲ͕ϬϯϲΨ  ϭϯϲ͕ϬϯϲΨ  ͲΨ  ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϱϬϬ ϱϬϬϴϲϳϯϲϳ ĞǀĞůŽƉĞƌƉĂƌƚŝĐŝƉĂƚŝŽŶ ϱϱ͕ϬϬϬϱϱ͕ϬϬϬϲϬ͕ϯϱϳϱ͕ϯϱϳ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭϵϭ͕ϱϯϲϭϵϭ͕ϱϯϲϭϵϳ͕ϮϲϬϱ͕ϳϮϰ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ϭϵϭ͕ϱϯϲΨ ϭϵϭ͕ϱϯϲΨ ϭϵϳ͕ϮϲϬΨ ϱ͕ϳϮϰΨ  ƵĚŐĞƚŵŽƵŶƚƐ 471  ϭϭϵ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ƵĚŐĞƚĂƌLJŽŵƉĂƌŝƐŽŶ^ĐŚĞĚƵůĞʹĞďƚ^ĞƌǀŝĐĞ&ƵŶĚ &ŝŶĂŶĐŝŶŐƵƚŚŽƌŝƚLJ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   sĂƌŝĂŶĐĞǁŝƚŚ &ŝŶĂůƵĚŐĞƚ ĐƚƵĂů WŽƐŝƚŝǀĞ KƌŝŐŝŶĂů &ŝŶĂů ŵŽƵŶƚƐ ;EĞŐĂƚŝǀĞͿ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵůLJϭ ͲΨ ͲΨ ͲΨ ͲΨ ZĞƐŽƵƌĐĞƐ;/ŶĨůŽǁƐͿ hƐĞŽĨŵŽŶĞLJĂŶĚƉƌŽƉĞƌƚLJ ϭ͕ϬϬϬ ϭ͕ϬϬϬ ϭ͕ϭϬϬ ϭϬϬ ŵŽƵŶƚƐĂǀĂŝůĂďůĞĨŽƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶƐ ϭ͕ϬϬϬ ϭ͕ϬϬϬ ϭ͕ϭϬϬ ϭϬϬ ŚĂƌŐĞƐƚŽƉƉƌŽƉƌŝĂƚŝŽŶ;KƵƚĨůŽǁƐͿ 'ĞŶĞƌĂůŐŽǀĞƌŶŵĞŶƚ ϭ͕ϭϬϬ ϭ͕ϭϬϬ ϭ͕ϭϬϬ Ͳ ƵĚŐĞƚĂƌLJ&ƵŶĚĂůĂŶĐĞ͕:ƵŶĞϯϬ ;ϭϬϬͿΨ ;ϭϬϬͿΨ ͲΨ ϭϬϬΨ ƵĚŐĞƚŵŽƵŶƚƐ   472  ϭϮϬ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ /ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ   /ŶƚĞƌŶĂůƐĞƌǀŝĐĞĨƵŶĚƐĂƌĞƵƐĞĚƚŽĂĐĐŽƵŶƚĨŽƌĂĐƚŝǀŝƚŝĞƐŝŶǀŽůǀĞĚŝŶƌĞŶĚĞƌŝŶŐƐĞƌǀŝĐĞƐƚŽĚĞƉĂƌƚŵĞŶƚƐǁŝƚŚŝŶƚŚĞ ŝƚLJ͘ŽƐƚƐŽĨŵĂƚĞƌŝĂůƐĂŶĚƐĞƌǀŝĐĞƐƵƐĞĚĂƌĞĂĐĐƵŵƵůĂƚĞĚŝŶƚŚŝƐĨƵŶĚĂŶĚĐŚĂƌŐĞĚƚŽƚŚĞƵƐĞƌĚĞƉĂƌƚŵĞŶƚƐĂƐ ƐƵĐŚŐŽŽĚĂƌĞĚĞůŝǀĞƌĞĚŽƌƐĞƌǀŝĐĞƐƌĞŶĚĞƌĞĚ͘  dŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂŚĂƐƚŚĞĨŽůůŽǁŝŶŐ/ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ͗  ƋƵŝƉŵĞŶƚZĞƉůĂĐĞŵĞŶƚ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞŽƉĞƌĂƚŝŽŶĂůŵĂŝŶƚĞŶĂŶĐĞĂŶĚƵůƚŝŵĂƚĞƌĞƉůĂĐĞŵĞŶƚŽĨŝƚLJ ŽǁŶĞĚĂŶĚŽƉĞƌĂƚĞĚǀĞŚŝĐůĞƐĂŶĚĞƋƵŝƉŵĞŶƚ͘  /ŶĨŽƌŵĂƚŝŽŶdĞĐŚŶŽůŽŐLJ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞƉƵƌĐŚĂƐĞĂŶĚƌĞƉůĂĐĞŵĞŶƚŽĨŝŶĨŽƌŵĂƚŝŽŶƐLJƐƚĞŵƐ͘  WĂƌŬƋƵŝƉŵĞŶƚĂŶĚ&ĂĐŝůŝƚŝĞƐ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞƉƵƌĐŚĂƐĞĂŶĚƌĞƉůĂĐĞŵĞŶƚŽĨŝƚLJŽǁŶĞĚĂŶĚŽƉĞƌĂƚĞĚ ƉĂƌŬĞƋƵŝƉŵĞŶƚĂŶĚĨĂĐŝůŝƚŝĞƐ͘  /ŶƐƵƌĂŶĐĞ&ƵŶĚʹdŽĂĐĐŽƵŶƚĨŽƌƚŚĞŝƚLJ͛ƐŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞ͘   473 ϭϮϭ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨEĞƚWŽƐŝƚŝŽŶ /ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ :ƵŶĞϯϬ͕ϮϬϮϭ WĂƌŬ ƋƵŝƉŵĞŶƚ /ŶĨŽƌŵĂƚŝŽŶ ƋƵŝƉŵĞŶƚ ZĞƉůĂĐĞŵĞŶƚ dĞĐŚŶŽůŽŐLJ ĂŶĚ&ĂĐŝůŝƚŝĞƐ /ŶƐƵƌĂŶĐĞ dŽƚĂůƐ ƐƐĞƚƐ ƵƌƌĞŶƚ WŽŽůĞĚĐĂƐŚĂŶĚŝŶǀĞƐƚŵĞŶƚƐ ϯ͕ϲϯϴ͕ϲϬϳΨ ϭ͕ϴϯϱ͕ϬϬϱΨ ϯ͕ϲϴϭ͕ϯϱϮΨ  ϯϲϮ͕ϰϵϴΨ  ϵ͕ϱϭϳ͕ϰϲϮΨ  ZĞĐĞŝǀĂďůĞƐ ĐĐŽƵŶƚƐ Ͳ Ͳ Ͳ ϲ͕Ϭϵϲ ϲ͕Ϭϵϲ ĐĐƌƵĞĚŝŶƚĞƌĞƐƚ ϭ͕ϰϱϳ ϳϯϱ ϭ͕ϰϳϰ ϭϰϯ ϯ͕ϴϬϵ WƌĞƉĂŝĚĐŽƐƚƐ Ͳ ϭϭϯ͕ϲϵϭͲ ϭϬϴ͕ϮϯϮϮϮϭ͕ϵϮϯ dŽƚĂůĐƵƌƌĞŶƚĂƐƐĞƚƐ ϯ͕ϲϰϬ͕Ϭϲϰϭ͕ϵϰϵ͕ϰϯϭϯ͕ϲϴϮ͕ϴϮϲϰϳϲ͕ϵϲϵϵ͕ϳϰϵ͕ϮϵϬ EŽŶĐƵƌƌĞŶƚ ĂƉŝƚĂůĂƐƐĞƚƐͲŶĞƚŽĨĂĐĐƵŵƵůĂƚĞĚ ĚĞƉƌĞĐŝĂƚŝŽŶ ϭ͕ϭϯϲ͕ϰϱϮϯϰϲ͕ϭϬϵϭϮ͕ϭϬϳ͕ϵϱϮͲ ϭϯ͕ϱϵϬ͕ϱϭϯ dŽƚĂůĂƐƐĞƚƐ ϰ͕ϳϳϲ͕ϱϭϲϮ͕Ϯϵϱ͕ϱϰϬϭϱ͕ϳϵϬ͕ϳϳϴϰϳϲ͕ϵϲϵϮϯ͕ϯϯϵ͕ϴϬϯ >ŝĂďŝůŝƚŝĞƐ ƵƌƌĞŶƚ ĐĐŽƵŶƚƐƉĂLJĂďůĞ ϲϬ͕Ϯϲϱϯϭ͕ϳϴϬϮ͕ϯϭϱϭϴϮϵϰ͕ϱϰϮ ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ Ͳϭ͕ϮϯϯͲ;ϭͿϭ͕ϮϯϮ ƵƌƌĞŶƚƉŽƌƚŝŽŶŽĨĐĂƉŝƚĂůůĞĂƐĞƐ ϭϵϯ͕ϱϬϴϯϯ͕ϲϬϭͲͲ ϮϮϳ͕ϭϬϵ dŽƚĂůĐƵƌƌĞŶƚůŝĂďŝůŝƚŝĞƐ Ϯϱϯ͕ϳϳϯϲϲ͕ϲϭϰϮ͕ϯϭϱϭϴϭϯϮϮ͕ϴϴϯ EŽŶĐƵƌƌĞŶƚ >ŽŶŐͲƚĞƌŵƉŽƌƚŝŽŶŽĨĐĂƉŝƚĂůůĞĂƐĞƐ ϭϰϬ͕ϱϯϴϱϬ͕ϰϬϯͲͲ ϭϵϬ͕ϵϰϭ dŽƚĂůůŝĂďŝůŝƚŝĞƐ ϯϵϰ͕ϯϭϭϭϭϳ͕ϬϭϳϮ͕ϯϭϱϭϴϭϱϭϯ͕ϴϮϰ EĞƚWŽƐŝƚŝŽŶ EĞƚŝŶǀĞƐƚŵĞŶƚŝŶĐĂƉŝƚĂůĂƐƐĞƚƐ ϴϬϮ͕ϰϬϲϮϲϮ͕ϭϬϱϭϮ͕ϭϬϳ͕ϵϱϮͲ ϭϯ͕ϭϳϮ͕ϰϲϯ hŶƌĞƐƚƌŝĐƚĞĚ ϯ͕ϱϳϵ͕ϳϵϵϭ͕ϵϭϲ͕ϰϭϴϯ͕ϲϴϬ͕ϱϭϭϰϳϲ͕ϳϴϴϵ͕ϲϱϯ͕ϱϭϲ dŽƚĂůŶĞƚƉŽƐŝƚŝŽŶ ϰ͕ϯϴϮ͕ϮϬϱΨϮ͕ϭϳϴ͕ϱϮϯΨϭϱ͕ϳϴϴ͕ϰϲϯΨϰϳϲ͕ϳϴϴΨ ϮϮ͕ϴϮϱ͕ϵϳϵΨ 'ŽǀĞƌŶŵĞŶƚĂůĐƚŝǀŝƚŝĞƐͲ/ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ 474 ϭϮϮ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨZĞǀĞŶƵĞƐ͕džƉĞŶƐĞƐĂŶĚŚĂŶŐĞƐŝŶ&ƵŶĚEĞƚWŽƐŝƚŝŽŶ /ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ WĂƌŬ ƋƵŝƉŵĞŶƚ /ŶĨŽƌŵĂƚŝŽŶ ƋƵŝƉŵĞŶƚĂŶĚ ZĞƉůĂĐĞŵĞŶƚ dĞĐŚŶŽůŽŐLJ &ĂĐŝůŝƚŝĞƐ /ŶƐƵƌĂŶĐĞ dŽƚĂůƐ KƉĞƌĂƚŝŶŐZĞǀĞŶƵĞƐ ^ĂůĞƐĂŶĚƐĞƌǀŝĐĞĐŚĂƌŐĞƐ ϴϳϭ͕ϱϬϬΨ  ϭ͕ϳϭϲ͕ϯϬϵΨ ϮϬϬ͕ϬϬϬΨ  ϵϮϳ͕ϱϬϬΨ  ϯ͕ϳϭϱ͕ϯϬϵΨ  KƉĞƌĂƚŝŶŐdžƉĞŶƐĞƐ ĚŵŝŶŝƐƚƌĂƚŝŽŶĂŶĚŐĞŶĞƌĂů Ϯϳ͕ϰϳϲ ϰϯ͕ϲϯϭ Ͳϭϲϱ͕ϰϭϲϮϯϲ͕ϱϮϯ &ƵĞůĂŶĚŽŝů ϴϬ͕ϳϯϰͲͲͲ ϴϬ͕ϳϯϰ DĂŝŶƚĞŶĂŶĐĞĂŶĚƉĂƌƚƐ ϭϭϲ͕ϳϮϴͲͲͲ ϭϭϲ͕ϳϮϴ ŽŶƚƌĂĐƚƐĞƌǀŝĐĞƐ Ͳ ϰϰϯ͕ϯϴϭϱϭ͕ϳϵϭͲϰϵϱ͕ϭϳϮ ^ŽĨƚǁĂƌĞĂŶĚƐƵƉƉůŝĞƐ Ͳ ϰϳϬ͕ϵϬϴͲϲϵϵ͕ϱϵϰϭ͕ϭϳϬ͕ϱϬϮ ĞƉƌĞĐŝĂƚŝŽŶĞdžƉĞŶƐĞ ϯϭϯ͕ϮϭϳϭϮϴ͕ϲϲϳϱϭϵ͕ϯϱϬͲϵϲϭ͕Ϯϯϰ dŽƚĂůŽƉĞƌĂƚŝŶŐĞdžƉĞŶƐĞƐ ϱϯϴ͕ϭϱϱϭ͕Ϭϴϲ͕ϱϴϳϱϳϭ͕ϭϰϭϴϲϱ͕ϬϭϬϯ͕ϬϲϬ͕ϴϵϯ KƉĞƌĂƚŝŶŐ/ŶĐŽŵĞ;>ŽƐƐͿ ϯϯϯ͕ϯϰϱϲϮϵ͕ϳϮϮ;ϯϳϭ͕ϭϰϭͿϲϮ͕ϰϵϬϲϱϰ͕ϰϭϲ EŽŶŽƉĞƌĂƚŝŶŐZĞǀĞŶƵĞ;džƉĞŶƐĞƐͿ /ŶƚĞƌĞƐƚƌĞǀĞŶƵĞ Ϯ͕ϳϭϲϴ͕ϱϱϴ;ϭ͕ϳϲϮͿϰ͕ϵϵϭϭϰ͕ϱϬϯ DŝƐĐĞůůĂŶĞŽƵƐƌĞǀĞŶƵĞ ͲͲ ϭϬ͕ϭϮϵϰ͕ϬϬϬϭϰ͕ϭϮϵ /ŶƚĞƌĞƐƚĞdžƉĞŶƐĞ ;Ϯϲ͕ϵϰϴͿͲͲͲ ;Ϯϲ͕ϵϰϴͿ 'ĂŝŶŽŶĚŝƐƉŽƐĂůŽĨĐĂƉŝƚĂůĂƐƐĞƚƐ Ϯϭ͕ϮϲϴϮϱ͕ϴϮϱͲͲ ϰϳ͕Ϭϵϯ dŽƚĂůŶŽŶŽƉĞƌĂƚŝŶŐƌĞǀĞŶƵĞƐ ;Ϯ͕ϵϲϰͿϯϰ͕ϯϴϯϴ͕ϯϲϳϴ͕ϵϵϭϰϴ͕ϳϳϳ /ŶĐŽŵĞ;>ŽƐƐͿĞĨŽƌĞdƌĂŶƐĨĞƌƐ ϯϯϬ͕ϯϴϭϲϲϰ͕ϭϬϱ;ϯϲϮ͕ϳϳϰͿϳϭ͕ϰϴϭϳϬϯ͕ϭϵϯ dƌĂŶƐĨĞƌƐŝŶ ͲͲͲͲͲ dƌĂŶƐĨĞƌƐŽƵƚ ͲͲ ;ϴϳ͕ϵϴϲͿͲ;ϴϳ͕ϵϴϲͿ ŚĂŶŐĞƐŝŶEĞƚWŽƐŝƚŝŽŶ ϯϯϬ͕ϯϴϭϲϲϰ͕ϭϬϱ;ϰϱϬ͕ϳϲϬͿϳϭ͕ϰϴϭϲϭϱ͕ϮϬϳ EĞƚWŽƐŝƚŝŽŶ ĞŐŝŶŶŝŶŐŽĨzĞĂƌ ϰ͕Ϭϱϭ͕ϴϮϰϭ͕ϱϭϰ͕ϰϭϴϭϲ͕Ϯϯϵ͕ϮϮϯϰϬϱ͕ϯϬϳϮϮ͕ϮϭϬ͕ϳϳϮ ŶĚŽĨzĞĂƌ ϰ͕ϯϴϮ͕ϮϬϱΨϮ͕ϭϳϴ͕ϱϮϯΨϭϱ͕ϳϴϴ͕ϰϲϯΨϰϳϲ͕ϳϴϴΨ ϮϮ͕ϴϮϱ͕ϵϳϵΨ 'ŽǀĞƌŶŵĞŶƚĂůĐƚŝǀŝƚŝĞƐͲ/ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ 475 ϭϮϯ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ ŽŵďŝŶŝŶŐ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁƐ /ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ WĂƌŬ ƋƵŝƉŵĞŶƚ /ŶĨŽƌŵĂƚŝŽŶ ƋƵŝƉŵĞŶƚ ZĞƉůĂĐĞŵĞŶƚ dĞĐŚŶŽůŽŐLJ ĂŶĚ&ĂĐŝůŝƚŝĞƐ /ŶƐƵƌĂŶĐĞ dŽƚĂůƐ KƉĞƌĂƚŝŶŐĐƚŝǀŝƚŝĞƐ ĂƐŚƌĞĐĞŝǀĞĚĨƌŽŵŝŶƚĞƌĨƵŶĚƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚ ϴϳϭ͕ϱϬϬΨ ϭ͕ϳϭϲ͕ϯϬϵΨ ϮϬϬ͕ϬϬϬΨ ϵϮϭ͕ϰϬϱΨ ϯ͕ϳϬϵ͕ϮϭϰΨ  ĂƐŚƉĂŝĚƚŽƐƵƉƉůŝĞƌƐĨŽƌŐŽŽĚƐĂŶĚƐĞƌǀŝĐĞƐ ;ϯϬϳ͕ϴϰϬͿ;ϭ͕ϬϬϳ͕ϬϬϯͿ;ϴϬ͕ϵϵϰͿ;ϱϴϴ͕ϴϳϯͿ;ϭ͕ϵϴϰ͕ϳϭϬͿ ĂƐŚƉĂŝĚƚŽĞŵƉůŽLJĞĞƐĨŽƌƐĞƌǀŝĐĞƐ ͲͲͲ;ϭͿ;ϭͿ EĞƚĂƐŚĨƌŽŵKƉĞƌĂƚŝŶŐĐƚŝǀŝƚŝĞƐ ϱϲϯ͕ϲϲϬϳϬϵ͕ϯϬϲϭϭϵ͕ϬϬϲϯϯϮ͕ϱϯϭϭ͕ϳϮϰ͕ϱϬϯ EŽŶͲĂƉŝƚĂů&ŝŶĂŶĐŝŶŐĐƚŝǀŝƚŝĞƐ ĂƐŚƚƌĂŶƐĨĞƌƐŽƵƚ ͲͲ;ϴϳ͕ϵϴϲͿͲ;ϴϳ͕ϵϴϲͿ EĞƚĂƐŚĨƌŽŵ;ƵƐĞĚĨŽƌͿEŽŶͲĂƉŝƚĂů &ŝŶĂŶĐŝŶŐĐƚŝǀŝƚŝĞƐ ͲͲ;ϴϳ͕ϵϴϲͿͲ;ϴϳ͕ϵϴϲͿ ĂƉŝƚĂůĂŶĚZĞůĂƚĞĚ&ŝŶĂŶĐŝŶŐĐƚŝǀŝƚŝĞƐ ĂƉŝƚĂůĐŽŶƚƌŝďƵƚŝŽŶƐ ͲͲϭϬ͕ϭϯϬͲϭϬ͕ϭϯϬ ĐƋƵŝƐŝƚŝŽŶĂŶĚĐŽŶƐƚƌƵĐƚŝŽŶŽĨĐĂƉŝƚĂůĂƐƐĞƚƐ ;Ϯϴ͕ϭϲϭͿ;ϭϮϬ͕ϵϵϰͿ;ϭϮ͕ϭϮϲͿͲ;ϭϲϭ͕ϮϴϭͿ /ŶƚĞƌĞƐƚƉĂŝĚŽŶĐĂƉŝƚĂůĚĞďƚ ;Ϯϲ͕ϵϰϰͿͲͲͲ;Ϯϲ͕ϵϰϰͿ ĂƉŝƚĂůůĞĂƐĞ;Ϯϰϰ͕ϮϬϬͿ;ϯϯ͕ϲϬϭͿͲͲ;Ϯϳϳ͕ϴϬϭͿ WƌŽĐĞĞĚƐĨƌŽŵƐĂůĞƐŽĨĐĂƉŝƚĂůĂƐƐĞƚƐ Ϯϭ͕ϮϲϴϮϱ͕ϴϮϱͲͲϰϳ͕Ϭϵϯ EĞƚĂƐŚĨƌŽŵ;ƵƐĞĚĨŽƌͿĂƉŝƚĂůĂŶĚ ZĞůĂƚĞĚ&ŝŶĂŶĐŝŶŐĐƚŝǀŝƚŝĞƐ ;Ϯϳϴ͕ϬϯϳͿ;ϭϮϴ͕ϳϳϬͿ;ϭ͕ϵϵϲͿͲ;ϰϬϴ͕ϴϬϯͿ /ŶǀĞƐƚŝŶŐĐƚŝǀŝƚŝĞƐ /ŶƚĞƌĞƐƚƌĞĐĞŝǀĞĚ ϲ͕ϱϳϬϵ͕ϳϵϴϮ͕ϱϱϰϴ͕ϴϴϭϮϳ͕ϴϬϯ EĞƚŚĂŶŐĞŝŶĂƐŚĂŶĚĂƐŚƋƵŝǀĂůĞŶƚƐ ϮϵϮ͕ϭϵϯϱϵϬ͕ϯϯϰϯϭ͕ϱϳϴ Ͳ ϯϰϭ͕ϰϭϮ Ͳ ϭ͕Ϯϱϱ͕ϱϭϳ ĂƐŚĂŶĚĂƐŚƋƵŝǀĂůĞŶƚƐ͕ĞŐŝŶŶŝŶŐŽĨzĞĂƌ ϯ͕ϯϰϲ͕ϰϭϰϭ͕Ϯϰϰ͕ϲϳϭϯ͕ϲϰϵ͕ϳϳϰϮϭ͕Ϭϴϲϴ͕Ϯϲϭ͕ϵϰϱ ĂƐŚĂŶĚĂƐŚƋƵŝǀĂůĞŶƚƐ͕ŶĚŽĨzĞĂƌ ϯ͕ϲϯϴ͕ϲϬϳΨϭ͕ϴϯϱ͕ϬϬϱΨ ϯ͕ϲϴϭ͕ϯϱϮΨ ϯϲϮ͕ϰϵϴΨ ϵ͕ϱϭϳ͕ϰϲϮΨ  ͲͲ ͲͲ ͲͲ ZĞĐŽŶĐŝůŝĂƚŝŽŶŽĨŽƉĞƌĂƚŝŶŐŝŶĐŽŵĞƚŽŶĞƚĐĂƐŚ ĨƌŽŵ;ƵƐĞĚĨŽƌͿŽƉĞƌĂƚŝŶŐĂĐƚŝǀŝƚŝĞƐ KƉĞƌĂƚŝŶŐŝŶĐŽŵĞ;ůŽƐƐͿ ϯϯϯ͕ϯϰϱΨ ϲϮϵ͕ϳϮϮΨ ;ϯϳϭ͕ϭϰϭͿΨ ϲϮ͕ϰϵϬΨ ϲϱϰ͕ϰϭϲΨ  ĚũƵƐƚŵĞŶƚƐƚŽƌĞĐŽŶĐŝůĞŽƉĞƌĂƚŝŶŐŝŶĐŽŵĞ;ůŽƐƐͿƚŽ ŶĞƚĐĂƐŚĨƌŽŵ;ƵƐĞĚĨŽƌͿŽƉĞƌĂƚŝŶŐĂĐƚŝǀŝƚŝĞƐ ĞƉƌĞĐŝĂƚŝŽŶ ϯϭϯ͕ϮϭϳϭϮϴ͕ϲϲϳϱϭϵ͕ϯϱϬͲϵϲϭ͕Ϯϯϰ ŚĂŶŐĞƐŝŶ WƌĞƉĂŝĚĐŽƐƚƐ Ͳ;ϯϴ͕ϳϳϴͿͲϮϳϱ͕ϵϱϲϮϯϳ͕ϭϳϴ ĐĐŽƵŶƚƐƌĞĐĞŝǀĂďůĞ ͲͲͲ;ϲ͕ϬϵϲͿ;ϲ͕ϬϵϲͿ ĐĐŽƵŶƚƐƉĂLJĂďůĞ ;ϴϮ͕ϵϬϮͿ;ϭϬ͕ϭϲϲͿ;Ϯϵ͕ϮϬϯͿϭϴϮ;ϭϮϮ͕ϬϴϵͿ ĐĐƌƵĞĚůŝĂďŝůŝƚŝĞƐ Ͳ;ϭϯϵͿͲ;ϭͿ;ϭϰϬͿ EĞƚĂƐŚĨƌŽŵKƉĞƌĂƚŝŶŐĐƚŝǀŝƚŝĞƐ ϱϲϯ͕ϲϲϬΨ ϳϬϵ͕ϯϬϲΨ ϭϭϵ͕ϬϬϲΨ ϯϯϮ͕ϱϯϭΨ ϭ͕ϳϮϰ͕ϱϬϯΨ  'ŽǀĞƌŶŵĞŶƚĂůĐƚŝǀŝƚŝĞƐͲ/ŶƚĞƌŶĂů^ĞƌǀŝĐĞ&ƵŶĚƐ 476   ^ƚĂƚŝƐƚŝĐĂů^ĞĐƚŝŽŶ :ƵŶĞϯϬ͕ϮϬϮϭ ŝƚLJŽĨ>ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂ 477 dŚŝƐƉĂŐĞŝŶƚĞŶƚŝŽŶĂůůLJůĞĨƚďůĂŶŬ͘ 478 ϭϮϰ ŝƚLJŽĨ>ĂYƵŝŶƚĂ ^ƚĂƚŝƐƚŝĐĂů^ĞĐƚŝŽŶ zĞĂƌŶĚĞĚ:ƵŶĞϯϬ͕ϮϬϮϭ dŚŝƐƉĂƌƚŽĨƚŚĞŝƚLJŽĨ>ĂYƵŝŶƚĂ͛ƐĐŽŵƉƌĞŚĞŶƐŝǀĞĂŶŶƵĂůĨŝŶĂŶĐŝĂůƌĞƉŽƌƚƉƌĞƐĞŶƚƐĚĞƚĂŝůĞĚŝŶĨŽƌŵĂƚŝŽŶĂƐĂ ĐŽŶƚĞdžƚĨŽƌƵŶĚĞƌƐƚĂŶĚŝŶŐǁŚĂƚƚŚĞŝŶĨŽƌŵĂƚŝŽŶŝŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ŶŽƚĞĚŝƐĐůŽƐƵƌĞƐ͕ĂŶĚƌĞƋƵŝƌĞĚ ƐƵƉƉůĞŵĞŶƚĂƌLJŝŶĨŽƌŵĂƚŝŽŶƐĂLJƐĂďŽƵƚƚŚĞŝƚLJ͛ƐŽǀĞƌĂůůĨŝŶĂŶĐŝĂůŚĞĂůƚŚ͘ ŽŶƚĞŶƚƐ WĂŐĞ &ŝŶĂŶĐŝĂůdƌĞŶĚƐ dŚĞƐĞƐĐŚĞĚƵůĞƐĐŽŶƚĂŝŶƚƌĞŶĚŝŶĨŽƌŵĂƚŝŽŶƚŽŚĞůƉƚŚĞƌĞĂĚĞƌƵŶĚĞƌƐƚĂŶĚŚŽǁ ƚŚĞŝƚLJΖƐĨŝŶĂŶĐŝĂůƉĞƌĨŽƌŵĂŶĐĞĂŶĚǁĞůůͲďĞŝŶŐŚĂǀĞĐŚĂŶŐĞĚŽǀĞƌƚŝŵĞ͘ ϭϮϱ ZĞǀĞŶƵĞĂƉĂĐŝƚLJ dŚĞƐĞƐĐŚĞĚƵůĞƐĐŽŶƚĂŝŶŝŶĨŽƌŵĂƚŝŽŶƚŽŚĞůƉƚŚĞƌĞĂĚĞƌĂƐƐĞƐƐƚŚĞĨĂĐƚŽƌƐ ĂĨĨĞĐƚŝŶŐƚŚĞŝƚLJΖƐĂďŝůŝƚLJƚŽŐĞŶĞƌĂƚĞŝƚƐƉƌŽƉĞƌƚLJƚĂdžĞƐ͘ ϭϯϳ ĞďƚĂƉĂĐŝƚLJ dŚĞƐĞƐĐŚĞĚƵůĞƐƉƌĞƐĞŶƚŝŶĨŽƌŵĂƚŝŽŶƚŽŚĞůƉƚŚĞƌĞĂĚĞƌĂƐƐĞƐƐƚŚĞĂĨĨŽƌĚĂďŝůŝƚLJ ŽĨƚŚĞŝƚLJΖƐĐƵƌƌĞŶƚůĞǀĞůƐŽĨŽƵƚƐƚĂŶĚŝŶŐĚĞďƚĂŶĚƚŚĞŝƚLJΖƐĂďŝůŝƚLJƚŽƵƐĞ ĂĚĚŝƚŝŽŶĂůĚĞďƚŝŶƚŚĞĨƵƚƵƌĞ͘ ϭϰϳ ĞŵŽŐƌĂƉŚŝĐĂŶĚĐŽŶŽŵŝĐ/ŶĨŽƌŵĂƚŝŽŶ dŚĞƐĞƐĐŚĞĚƵůĞƐŽĨĨĞƌĚĞŵŽŐƌĂƉŚŝĐĂŶĚĞĐŽŶŽŵŝĐŝŶĚŝĐĂƚŽƌƐƚŽŚĞůƉƚŚĞƌĞĂĚĞƌ ƵŶĚĞƌƐƚĂŶĚƚŚĞĞŶǀŝƌŽŶŵĞŶƚǁŝƚŚŝŶǁŚŝĐŚƚŚĞŝƚLJΖƐĨŝŶĂŶĐŝĂůĂĐƚŝǀŝƚŝĞƐƚĂŬĞ ƉůĂĐĞĂŶĚƚŽŚĞůƉŵĂŬĞĐŽŵƉĂƌŝƐŽŶƐŽǀĞƌƚŝŵĞĂŶĚǁŝƚŚŽƚŚĞƌŐŽǀĞƌŶŵĞŶƚƐ͘ ϭϱϰ KƉĞƌĂƚŝŶŐ/ŶĨŽƌŵĂƚŝŽŶ dŚĞƐĞƐĐŚĞĚƵůĞƐĐŽŶƚĂŝŶŝŶĨŽƌŵĂƚŝŽŶĂďŽƵƚƚŚĞŝƚLJΖƐŽƉĞƌĂƚŝŽŶƐĂŶĚƌĞƐŽƵƌĐĞƐ ƚŽŚĞůƉƚŚĞƌĞĂĚĞƌƵŶĚĞƌƐƚĂŶĚŚŽǁƚŚĞŝƚLJΖƐĨŝŶĂŶĐŝĂůŝŶĨŽƌŵĂƚŝŽŶƌĞůĂƚĞƐƚŽ ƚŚĞƐĞƌǀŝĐĞƐƚŚĞŝƚLJƉƌŽǀŝĚĞƐĂŶĚƚŚĞĂĐƚŝǀŝƚŝĞƐŝƚƉĞƌĨŽƌŵƐ͘ ϭϱϳ ^ŽƵƌĐĞƐ͗hŶůĞƐƐŽƚŚĞƌǁŝƐĞŶŽƚĞĚ͕ƚŚĞŝŶĨŽƌŵĂƚŝŽŶŝŶƚŚĞƐĞƐĐŚĞĚƵůĞƐŝƐĚĞƌŝǀĞĚĨƌŽŵƚŚĞĂŶŶƵĂůĐŽŵƉƌĞŚĞŶƐŝǀĞ ĨŝŶĂŶĐŝĂůƌĞƉŽƌƚƐĨŽƌƚŚĞƌĞůĞǀĂŶƚLJĞĂƌ͘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ΨϬ ΨϭϬ ΨϮϬ ΨϯϬ ΨϰϬ ΨϱϬ ΨϲϬ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ Tax Revenue by Source (Excluding Tax Increment) (in millions) Property Tax (2)Transient Occupancy Tax Sales Tax Franchise Tax Business License Tax Document Transfer Tax 137492 &,7<2)/$48,17$7$%/( 7RS%UDGOH\%XUQV6DOHV7D[3URGXFHUV &XUUHQW<HDUDQG7HQ<HDUV$JR LQGROODUV %HVW%X\(OHFWURQLFV$SSOLDQFH6WRUHV %HY0R &RQYHQLHQFH6WRUHV/LTXRU &LUFOH.6HUYLFH6WDWLRQV &RVWFR'LVFRXQW'HSW6WRUHV %HY0R &RQYHQLHQFH6WRUHV/LTXRU )ORRU 'p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ΨϬ Ψϱ ΨϭϬ Ψϭϱ ΨϮϬ ΨϮϱ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ Combined Sales Tax Revenue (in millions) 138493 dŚŝƐƉĂŐĞůĞĨƚďůĂŶŬŝŶƚĞŶƚŝŽŶĂůůLJ͘ 139494 &,7<2)/$48,17$7$%/( 7RS0HDVXUH*6DOHV7D[3URGXFHUV &XUUHQW<HDUDQG7HQ<HDUV$JR LQGROODUV $PD]RQ)XOILOOPHQW6HUYLFHV *HQHUDO0HUFKDQGLVH $PD]RQ0)$*HQHUDO0HUFKDQGLVH %HVW%X\(OHFWURQLFV$SSOLDQFH6WRUHV %HVWEX\&RP (OHFWURQLFV$SSOLDQFH6WRUHV &LUFOH.6HUYLFH6WDWLRQV &RVWFR'LVFRXQW'HSW6WRUHV 'HSWRI0RWRU9HKLFOHV$OORFDWLRQ 8VHG$XWRPRWLYH'HDOHUV 'HVHUW(XURSHDQ0RWRU&DUV 1HZ0RWRU9HKLFOH'HDOHUV )ORRU 'p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otes: (1)Due to confidentiality issues preventing the disclosure of the largest sales tax payers by business name, this categorical list has been provided as an alternative source of information regarding the City of La Quinta's sales tax revenue. Source:HdL. Coren & Cone Apparel stores 3% General merchandise 28% Food stores 3% Eating and drinking places 12% Building materials 8% Auto dealers and supplies 8% Service stations 7% Other retail stores 13% All other outlets 18% 7D[DEOH6DOHV &DOHQGDU<HDU 141496 7$%/(                          (DWLQJDQGGULQNLQJSODFHV           $XWRGHDOHUVDQGVXSSOLHV                     7RWDO 6HUYLFHVWDWLRQV 2WKHUUHWDLOVWRUHV $OORWKHURXWOHWV $SSDUHOVWRUHV *HQHUDOPHUFKDQGLVH )RRGVWRUHV %XLOGLQJPDWHULDOV Apparel stores 3% General merchandise 25% Food stores 3% Eating and drinking places 11% Building materials 12% Auto dealers and supplies 8% Service stations 3% Other retail stores 11% All other outlets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ΨϬ Ψϭ͕ϬϬϬ ΨϮ͕ϬϬϬ Ψϯ͕ϬϬϬ Ψϰ͕ϬϬϬ Ψϱ͕ϬϬϬ Ψϲ͕ϬϬϬ Ψϳ͕ϬϬϬ Ψϴ͕ϬϬϬ Ψϵ͕ϬϬϬ ΨϭϬ͕ϬϬϬ Ψϭϭ͕ϬϬϬ ΨϭϮ͕ϬϬϬ Ψϭϯ͕ϬϬϬ Ψϭϰ͕ϬϬϬ Ψϭϱ͕ϬϬϬ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ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ΨϬ Ψϱ ΨϭϬ Ψϭϱ ΨϮϬ ΨϮϱ ΨϯϬ Ψϯϱ ΨϰϬ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ;ϰͿ ϮϬϮϭ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Ͳ ϮϬ ϰϬ ϲϬ ϴϬ ϭϬϬ ϭϮϬ ϭϰϬ ϭϲϬ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ ϭϬϴ ϭϰϴ ϭϯϮ ϭϭϱ ϭϬϬ ϭϰϲ ϱϵ ϭϵ Ͳ ϭϭ 'HEW3HU&DSLWD 148503 &,7<2)/$48,17$7$%/( 5DWLRRI*HQHUDO%RQGHG'HEW2XWVWDQGLQJ /DVW7HQ)LVFDO<HDUV LQGROODUV )LVFDO<HDU (QGHG-XQH  &LW\+DOO /HDVH 2EOLJDWLRQ /RFDO$JHQF\ %RQGV 7D[ $OORFDWLRQ %RQGV 7RWDO 3HUFHQWRI $VVHVVHG 9DOXH  3HU0HGLDQ +RXVHKROG ,QFRPH                                                                       2XWVWDQGLQJ*HQHUDO%RQGHG'HEW  1RWHV  *HQHUDOERQGHGGHEW LVGHEWSD\DEOHZLWKJRYHUQPHQWDOIXQGUHVRXUFHVDQGJHQHUDOREOLJDWLRQERQGVUHFRUGHGLQ HQWHUSULVHIXQGV RIZKLFKWKH&LW\KDVQRQH  $VVHVVHGYDOXHKDVEHHQXVHGEHFDXVHWKHDFWXDOYDOXHRIWD[DEOHSURSHUW\LVQRWUHDGLO\DYDLODEOHLQWKH6WDWHRI &DOLIRUQLD Ϭ͘ϬϬй Ϭ͘ϱϬй ϭ͘ϬϬй ϭ͘ϱϬй Ϯ͘ϬϬй Ϯ͘ϱϬй ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ Ϭ͘Ϭϰй Ϭ͘Ϭϯй Ϭ͘Ϭϯй Ϭ͘ϬϮй Ϭ͘ϬϮй Ϭ͘Ϭϭй Ϭ͘Ϭϭй Ϭ͘ϬϬй Ϭ͘ϬϬй Ϭ͘ϬϬй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ean Household Income (in dollars) Number of Dwelling Units 3HUVRQVSHU+RXVHKROG /DERU)RUFH 3HU&DSLWD,QFRPH (PSOR\PHQW City Land (Sq Miles) Population 8QHPSOR\PHQW5DWH 6RXUFHV  6WDWH RI&DOLIRUQLD'HSDUWPHQWRI)LQDQFH6WDWHRI&DOLIRUQLD'HSDUWPHQWRI)LQDQFH(DQG(3RSXODWLRQDQG+RXVLQJ(VWLPDWHVIRU&LWLHV&RXQWLHVDQGWKH6WDWH 6DFUDPHQWR&DOLIRUQLDUHOHDVHG0D\'DWDIRU DOO\HDUVXSGDWHGWRPDWFKFXUUHQW'2)QXPEHUV  6WDWHRI&DOLIRUQLD(PSOR\PHQW'HYHORSPHQW'HSDUWPHQW:HEVLWH3UHYLRXV\HDUV GDWDXSGDWHGLQWRXWLOL]HPRQWKDYHUDJHDQGILQDOQXPEHUV5LVHLQ DYHUDJHXQHPSOR\PHQWUDWHIRUZDVGXHWRGRXEOHGLJLWXQHPSOR\PHQWDWHQGRIILVFDO\HDUGXHWRWKH&RURQDYLUXVSDQGHPLF  +G/&RUHQ &RQH  0HDQ+RXVHKROG,QFRPHIURP86&HQVXV%XUHDXUHSRUW7DEOH63UHYLRXVO\FDOFXODWHGXVLQJ3HUVRQVSHU+RXVHKROGPXOLWSOLHGE\3HU&DSLWD,QFRPH6WDUWLQJLQ GDWDLVIURPWKH86&HQVXV%XUHDX$PHULFDQ)DFW)LQGHU Ϯϯ͕ϱϴϱ Ϯϯ͕ϲϭϮ Ϯϯ͕ϴϳϭ Ϯϰ͕ϭϱϬ Ϯϰ͕ϰϯϮ Ϯϰ͕ϱϰϰ Ϯϰ͕ϲϰϯ Ϯϰ͕ϳϲϰ Ϯϰ͕ϵϱϳ Ϯϱ͕ϭϳϳ ϭϳ͕ϬϬϬ ϭϵ͕ϱϬϬ ϮϮ͕ϬϬϬ Ϯϰ͕ϱϬϬ Ϯϳ͕ϬϬϬ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ EƵŵďĞƌŽĨǁĞůůŝŶŐhŶŝƚƐ Ϭ͘ϬϬй ϭ͘ϬϬй Ϯ͘ϬϬй ϯ͘ϬϬй ϰ͘ϬϬй ϱ͘ϬϬй ϲ͘ϬϬй ϳ͘ϬϬй ϴ͘ϬϬй ϵ͘ϬϬй ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ 8QHPSOR\PHQW5DWH ΨϬ ΨϮϬ͕ϬϬϬ ΨϰϬ͕ϬϬϬ ΨϲϬ͕ϬϬϬ ΨϴϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϭϮϬ͕ϬϬϬ ΨϭϰϬ͕ϬϬϬ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ 0HDQ+RXVHKROG,QFRPH Ϭ͘ϬϬй ϭ͘ϬϬй Ϯ͘ϬϬй ϯ͘ϬϬй ϰ͘ϬϬй ϱ͘ϬϬй ϲ͘ϬϬй ϳ͘ϬϬй ϴ͘ϬϬй ϵ͘ϬϬй ΨϬ ΨϭϬ͕ϬϬϬ ΨϮϬ͕ϬϬϬ ΨϯϬ͕ϬϬϬ ΨϰϬ͕ϬϬϬ ΨϱϬ͕ϬϬϬ ΨϲϬ͕ϬϬϬ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ 3HU&DSLWD,QFRPHDQG8QHPSOR\PHQW WĞƌĂƉŝƚĂ/ŶĐŽŵĞ hŶĞŵƉůŽLJŵĞŶƚZĂƚĞ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ŽƚĞƐ͗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Ͳ ϭϬ͘ϬϬ ϮϬ͘ϬϬ ϯϬ͘ϬϬ ϰϬ͘ϬϬ ϱϬ͘ϬϬ ϲϬ͘ϬϬ ϳϬ͘ϬϬ ϴϬ͘ϬϬ ϵϬ͘ϬϬ ϭϬϬ͘ϬϬ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ;ϭͿ ϮϬϭϱ ϮϬϭϲ;ϮͿ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ;ϯͿ ϴϵ͘ϬϬϴϴ͘ϬϬ ϳϬ͘ϬϬϳϮ͘ϬϬ ϳϴ͘ϬϬϳϴ͘ϬϬ ϴϰ͘ϬϬ ϴϵ͘ϬϬ ϵϱ͘ϬϬ ϴϱ͘ϬϬ dŽƚĂů&ƵůůͲdŝŵĞŝƚLJŵƉůŽLJĞĞƐ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ity of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: INTRODUCE FOR FIRST READING ORDINANCES APPROVING ZONE CHANGE 2022-0001, ADDING THE AFFORDABLE HOUSING OVERLAY (AHO) TO SPECIFIC PARCELS IDENTIFIED IN THE HOUSING ELEMENT; AND ZONING ORDINANCE AMENDMENT 2022-0001, MAKING TEXT AMENDMENTS NECESSARY FOR CONSISTENCY WITH THE HOUSING ELEMENT. CEQA: REQUEST HAS BEEN PREVIOUSLY ANALYZED AS PART OF ENVIRONMENTAL ASSESSMENT 2021-0010. LOCATION: CITY-WIDE RECOMMENDATION A.Move to take up an ordinance by title and number only and waive further reading, approving Zone Change 2022-0001. B.Move to introduce an ordinance to approve ZC 2022-0001. C.Move to take up an ordinance by title and number only and waive further reading, approving Zoning Ordinance Amendment 2022-0001. D.Move to introduce an ordinance to approve ZOA 2022-0001. EXECUTIVE SUMMARY •The Planning Commission unanimously recommended approval of both the Zone Change and the Zoning Ordinance Amendment at their meeting of June 14, 2022. •The City Council adopted the 6th Cycle Housing Element Update for the 2021-2029 planning period on February 15, 2022. •Policies and programs require amendments to the Zoning Map and Zoning Ordinance, in order to assure consistency with the Housing Element Update. •Map amendments are associated with the application of the Affordable Housing Overlay (AHO) to specific parcels shown in the Affordable Housing Inventory of the Housing Element. PUBLIC HEARING ITEM NO. 1 515 •Text amendments are associated with a number of issues, including but not limited to changes in State law, changes to allow increased density in the AHO, and updates to Density Bonus and Accessory Dwelling Unit provisions. FISCAL IMPACT – None. BACKGROUND/ANALYSIS The Housing Element included a number of policies and programs that require changes to the Zoning Map and Zoning Code in order to assure consistency with the Element and State law. The Goals, Policies and Programs are provided in Attachment 1 for reference. The text amendments are provided in Attachment 2. Each is described individually below. Zoning Map The Housing Element’s Program 3.1.a requires that the AHO be applied to all properties identified in the Affordable Housing Inventory (Exhibit A of the Zone Change Ordinance) for lower income households. In the past, the AHO overlay has been provided in text, but has not been mapped on the Zoning Map. As shown in Exhibit A of the Ordinance, the AHO would be added as a crosshatch pattern to all commercially zoned properties, and to non-commercial properties which are in the Inventory, to assure consistency. A parallel text amendment to the AHO is also proposed, and described below. Zoning Text Amendments The Zoning text amendments address a number of issues which are covered in the Housing Element. All changes are provided in Attachment 2 in track changes, and in final form as Exhibit A of the Zoning Code Amendment Ordinance. Accessory Dwelling Units Updates to the Accessory Dwelling Unit and Junior Accessory Dwelling Unit (together, ADU) provisions have been made to bring them into conformance with State law and Program H-2.1.a. The changes have been made to Section 9.60.090 of the Municipal Code and include allowances for ADUs in all zones that allow residential development and modifications to the development standards. The changes are consistent with the standards permitted by State law, which provide for reduced setbacks and parking ratios. Density Bonus Updates to the Density Bonus provisions to bring them into conformance with State law and Program H-2.2.a. The changes have been made to Section 516 9.60.260 of the Municipal Code. The last update of these provisions was in 2016, and since that time, State law has changed to increase the allowed density bonus for affordable housing units, from a 35% increase to a 50% increase over base density. In addition, the types of affordable housing projects have been broadened, to include student housing, and housing near major transit stops. Although neither of these is likely in the immediate future in La Quinta, the standards have been added to assure that if such a project were to occur, the City would have the ability to regulate it under law. Affordable Housing Overlay In addition to the Zoning Map amendment described above, the development standards for the AHO have been modified in Section 9.110.100 of the Municipal Code. These amendments include specifying a density range of 20 to 36 units per acre, and adding language required by Government Code Section 65583.2(h)(i) which provides that the density of lower income projects must be 20 units per acre, that these projects with at least 20% of the units affordable to low, very low or extremely low income households must be permitted by right (not requiring a Conditional Use Permit), and must have 16 units per site, consistent with Government Code. In addition, setbacks have been reduced to assure that the allowed densities could be constructed. The AHO is proposed for commercial parcels, particularly within the Highway 111 Corridor, as well as City-owned parcels in the Village. Program 3.1.a also requires an analysis of the feasibility of the AHO development standards to facilitate affordable housing. That analysis was provided to the Planning Commission, and demonstrated that a density of 30 units per acre is physically possible and feasible with the City’s zoning standards. Special Needs Housing The Housing Element also requires that changes be made to allow several specific types of housing, including transitional and supportive housing, as permitted uses in zones where similar uses are permitted by right. Table 9.1, Permitted Uses in Residential Districts has been amended to allow them as permitted uses in Medium, Medium High and High Density Residential zones, consistent with Program H-5.4.b. Table 9.5, Permitted Uses in Non-Residential Districts, allows Emergency Shelters, but was silent on homeless shelters and a new use called “Low Barrier Navigation Centers.” The latter is a center which provides, not only shelter, but additional services required to find permanent housing for residents. Both have been added to Table 9.5 and in conjunction with additions made to development standards in Section 9.100.280 of the Municipal Code are consistent with Programs H-5.4.a and H-5.4.b. In addition, a parking 517 standard has been added for homeless shelters, requiring one space per employee, consistent with Government Code Section 65583(a)(4)(A)(ii). Other Changes Other changes are included in the text amendments: 1.Allowing mobile or manufactured homes on single family lots, subject to the same standards as other single family homes (Section 9.60.180), consistent with Government Code Section 65583. 2.Additions to the definitions (Section 9.280.030) to address the text amendments above. AGENCY AND PUBLIC REVIEW Public Notice This project was advertised in The Desert Sun newspaper on July 8, 2022. No written comments have been received as of the date of this writing. Any written comments received will be handed out at the City Council meeting. Planning Commission Review At its regular meeting of June 14, 2022, the Planning Commission unanimously voted to recommended Council approval of the proposed Zone Change and Zoning Ordinance Amendment. ENVIRONMENTAL REVIEW The City prepared an Initial Study for the Housing and Safety Element updates, and circulated it for public review from October 29 to November 17, 2021. The changes proposed to the Zoning Map and Zoning Ordinance are entirely consistent with the Housing Element, and their impacts have therefore been studied previously, and require no further review under CEQA Prepared by: Danny Castro, Design and Development Director Approved by: Jon McMillen, City Manager Attachments: 1. Housing Element Goals, Policies and Programs 2. Zoning Ordinance Amendments in track changes 518 ORDINANCE NO. ___ AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, AMENDING THE ZONING MAP CITY-WIDE TO ADD THE AFFORDABLE HOUSING OVERLAY (AHO) TO ALL COMMERCIALLY ZONED PARCELS AND ALL PARCELS INCLUDED IN THE SITES INVENTORY OF THE CITY’S HOUSING ELEMENT CASE NUMBER: ZONE CHANGE 2022-0001 APPLICANT: CITY OF LA QUINTA WHEREAS, the City Council of the City of La Quinta, California did, on July 19, 2022, hold a duly noticed Public Hearing, to consider an amendment to the Zoning Map to apply the Affordable Housing Overlay (AHO) to all commercially zoned parcels and all parcels included in the Sites Inventory of the 2022 Housing Element update; and, WHEREAS, the Design and Development Department published a public hearing notice in The Desert Sun newspaper on July 8, 2022 as prescribed by the Municipal Code; and, WHEREAS, the Planning Commission of the City of La Quinta did adopt Planning Commission Resolution 2022-016 recommending City Council adoption of said Zone Change at a duly noticed Public Hearing on June 14, 2022; and WHEREAS, said Zone Change has complied with the requirements of “The Rules to Implement the California Environmental Quality Act of 1970” (CEQA) as amended (Resolution 83-63). The City prepared an Environmental Assessment (EA 2021-0010) for the Housing Element update, and these Zoning map changes are entirely consistent with the Housing Element policies and were therefore analyzed in EA 2021-0010 and no further review is required; and WHEREAS, at said Public Hearing, upon hearing and considering all testimony and arguments, if any, of all interested persons desiring to be heard, said City Council did make the following mandatory findings pursuant to Section 9.220.010 of the La Quinta Municipal Code to justify approval of said Zone Change [Exhibits A, B and C]: 519 Ordinance No. __ Zone Change 2022-0001 Project: Housing Element Zoning Map Amendments Adopted: Page 2 of 4 1.The zone map change is consistent with the goals, objectives and policies of the General Plan, insofar as the changes are required by policies and programs of the 2022 Housing Element update, and the Zoning Map must be consistent with the General Plan. 2.Approval of the zone map change will not create conditions materially detrimental to the public health, safety and general welfare because the changes only apply the AHO as an overlay, and the development standards of the AHO and underlying zones are designed to protect the public health, safety and welfare by providing sufficient setbacks, parking and height limits for each zone. 3.The new zoning is compatible with the zoning on adjacent properties as it does not change the requirements of the base zone, and only implements the AHO for affordable housing projects. 4.The new zoning is suitable and appropriate for City properties because it applies to already developable, available lands which would be developed with or without the AHO. 5.Approval of the zone map change is warranted because changes in the Housing Element require its amendment. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. FINDINGS AND APPROVAL: That the above recitations are true and constitute the Findings of the City Council in this case. SECTION 2. EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty (30) days after its adoption. SECTION 3. POSTING: The City Clerk shall, within 15 days after passage of this Ordinance, cause it to be posted in at least three public places designated by resolution of the City Council, shall certify to the adoption and posting of this Ordinance, and shall cause this Ordinance and its certification, together with proof of posting to be entered into the permanent record of Ordinances of the City of La Quinta. SECTION 4. CORRECTIVE AMENDMENTS: the City Council does hereby grant the City Clerk the ability to make minor amendments and corrections of typographical or clerical errors to Exhibits A, B and C to ensure consistency of 520 Ordinance No. __ Zone Change 2022-0001 Project: Housing Element Zoning Map Amendments Adopted: Page 3 of 4 all approved map amendments prior to the publication in the La Quinta Municipal Code. SECTION 5. SEVERABILITY: If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Ordinance is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this Ordinance and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more section, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared unconstitutional. PASSED, APPROVED, and ADOPTED at a regular meeting of the City of La Quinta City Council, held on July 19, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: _________________________ LINDA EVANS, Mayor City of La Quinta, California 521 Ordinance No. __ Zone Change 2022-0001 Project: Housing Element Zoning Map Amendments Adopted: Page 4 of 4 ATTEST: _______________________________ MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: _______________________________ WILLIAM H. IHRKE, City Attorney City of La Quinta, California 522 Exhibit 1 Zone Map AmendmentAffordable Housing Overlay La Quinta, California 06.07.22Source: City of La Quinta; ESRI, 2022 Proposed Zoning - AHO OverlayExisting Zoning - No AHO Overlay CC CC CC CC RMH RMH CN CN CR CR EXHIBIT A Ordinance No. _____ Zone Change 2022-0001 Adopted: 523 524 Exhibit 2 Proposed Zoning - AHO Overlay Existing Zoning - No AHO Overlay Zone Map AmendmentAffordable Housing Overlay La Quinta, California VC VC CN CN CN CN RMH RMH CC CC CC CC Source: City of La Quinta; ESRI 2022 06.07.22 EXHIBIT BOrdinance No. _____ Zone Change 2022-0001 Adopted: 525 526 Exhibit 3 Zone Map AmendmentAffordable Housing Overlay La Quinta, California 06.07.22Source: City of La Quinta; ESRI, 2022 Proposed Zoning - AHO OverlayExisting Zoning - No AHO Overlay CN CN CNCN CN CN EXHIBIT C Ordinance No. _____ Zone Change 2022-0001 Adopted: 527 528 ORDINANCE NO. ___ AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, AMENDING MULTIPLE SECTIONS OF TITLE 9 OF THE LA QUINTA MUNICIPAL CODE TO CONFORM TO THE POLICIES AND PROGRAMS OF THE CITY’S 2022 HOUSING ELEMENT UPDATE CASE NUMBER: ZONING ORDINANCE AMENDMENT 2022-0001 APPLICANT: CITY OF LA QUINTA WHEREAS, the City Council of the City of La Quinta, California did, on July 19, 2022, hold a duly noticed Public Hearing, to consider amendments to the text of Title 9 of the La Quinta Municipal Code (Zoning Ordinance) to make it consistent with the 2022 Housing Element update; and, WHEREAS, the Design and Development Department published a public hearing notice in The Desert Sun newspaper on July 8, 2022 as prescribed by the Municipal Code; and, WHEREAS, the Planning Commission of the City of La Quinta did adopt Planning Commission Resolution 2022-016 to recommend to the City Council adoption of said Zoning Ordinance Amendment at a duly noticed Public Hearing on the June 14, 2022; and WHEREAS, said Zoning Ordinance Amendment has complied with the requirements of “The Rules to Implement the California Environmental Quality Act of 1970” (CEQA) as amended (Resolution 83-63). The City prepared an Environmental Assessment (EA 2021-0010) for the Housing Element update, and these Zoning Ordinance changes are entirely consistent with the Housing Element policies and were therefore analyzed in EA 2021-0010 and no further review is required; and WHEREAS, at said Public Hearing, upon hearing and considering all testimony and arguments, if any, of all interested persons desiring to be heard, said City Council did make the following mandatory findings pursuant to Section 9.220.010 of the La Quinta Municipal Code to justify approval of said Zoning Ordinance Amendment, included in Exhibit A: 1. The Zoning Ordinance changes are consistent with the goals, objectives and policies of the General Plan, insofar as the changes are required by 529 Ordinance No. __ Zoning Ordinance Amendment 2022-0001 Project: Housing Element Zoning Text Amendments Adopted: Page 2 of 3 policies and programs of the 2022 Housing Element update, and the Zoning Map must be consistent with the General Plan. 2. Approval of the zoning ordinance change will not create conditions materially detrimental to the public health, safety and general welfare because the changes in text do not materially change the manner or standards under which development will occur, but rather clarify the City’s requirement for the development of housing for all residents in La Quinta. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. FINDINGS AND APPROVAL: That the above recitations are true and constitute the Findings of the City Council in this case. SECTION 2. EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty (30) days after its adoption. SECTION 3. POSTING: The City Clerk shall, within 15 days after passage of this Ordinance, cause it to be posted in at least three public places designated by resolution of the City Council, shall certify to the adoption and posting of this Ordinance, and shall cause this Ordinance and its certification, together with proof of posting to be entered into the permanent record of Ordinances of the City of La Quinta. SECTION 4. CORRECTIVE AMENDMENTS: the City Council does hereby grant the City Clerk the ability to make minor amendments and corrections of typographical or clerical errors to Exhibit A to ensure consistency of all approved text amendments prior to the publication in the La Quinta Municipal Code. SECTION 5. SEVERABILITY: If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Ordinance is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this Ordinance and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more section, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared unconstitutional. 530 Ordinance No. __ Zoning Ordinance Amendment 2022-0001 Project: Housing Element Zoning Text Amendments Adopted: Page 3 of 3 PASSED, APPROVED, and ADOPTED at a regular meeting of the City of La Quinta City Council, held on July 19, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: _________________________ LINDA EVANS, Mayor City of La Quinta, California ATTEST: _______________________________ MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: _______________________________ WILLIAM H. IHRKE, City Attorney City of La Quinta, California 531 532 Created: 2022-03-25 11:00:31 [EST] (Supp. No. 2, Update 3) Page 1 of 71 Chapter 9.40 RESIDENTIAL PERMITTED USES 9.40.030 Table of permitted uses. Table 9-1: Permitted Uses in Residential Districts, following, specifies those areas and structures which are permitted within each residential district. The letters in the columns beneath the district designation mean the following: "P": Permitted as a principal use within the district. "PUD": Planned unit development. "A": Permitted only if accessory to the principal residential use on the site. "C": Permitted if a conditional use permit is approved. "M": Permitted if a minor use permit is approved. "H": Permitted as a home occupation if accessory to the principal residential use and if a home occupation permit is approved. "S": Permitted if a specific plan is approved per Chapter 9.240. "X": Prohibited in the district. Table 9-1 Permitted Uses in Residential Districts P = Permitted use A = Accessory use C = Conditional use permit PUD = Planned unit development M = Minor use permit H = Home occupation permit S = Specific plan required T= Temporary use permit X = Prohibited use Very Low Density Residential Low Density Residential Cove Residential Medium Density Residential Medium-High Density Residential High Density Residential Land Use RVL RL RC RM RMH RH Single-family detached dwellings P P P P P S Single-family detached patio homes (i.e., "zero lot-line") PUD PUD PUD PUD PUD PUD Duplexes (two units on the same lot) PUD PUD X PUD P P Single-family attached dwellings (two units per building with each unit on its own lot) PUD PUD X PUD P P Townhome dwellings (two or more units per building with each unit on its own lot) PUD PUD X P P P Condominium multifamily ("airspace" units) PUD PUD X P P P Apartment multifamily (rental units) X X X P P P Mobilehome parks C C C C C C Mobilehome subdivisions and manufactured homes on individual lots, subject to Section P P P P P S EXHIBIT AOrdinance No. _____ Zone Change 2022-0001 Adopted: 533 (Supp. No. 2, Update 3) Page 2 of 71 9.60.180 Resort residential subject to Section 9.60.310 P P X P P P Guesthouses, subject to Section 9.60.100 A A A A A A Second residential units subject to Section 9.60.090 A A A A A A Group Living and Care Uses Child day care facilities as an accessory use, serving 6 or fewer children, subject to Section 9.60.190 A A A A A A Child day care facilities as an accessory use, serving 7—14 children, subject to Section 9.60.190 A A A A A A Congregate living facilities, 6 or fewer persons P P P P P X Congregate care facility C C C C C C Residential care facilities, 6 or fewer persons P P P P P P Senior citizen residences, 6 or fewer persons P P P P P P Senior group housing, 7 or more persons X X X M M M Time share facilities, subject to Section 9.60.280 M M M M M M Bed and breakfast inns M M M M M M Supportive housing X X X P P P Transitional housing X X X P P P Open Space and Recreational Uses Public parks, playfields and open space P P P P P P Bicycle, equestrian and hiking trails P P P P P P Clubhouses and community pools/cabanas P P P P P P Unlighted tennis and other game courts on private property, subject to Section 9.60.150 A A A A A A Lighted tennis and other game courts on private property, subject to Section 9.60.150 M M M M M M Golf courses and country clubs per Section 9.110.040 P P P P P P Driving range with or without lights M M X M M M Accessory Uses and Structures Home occupations, subject to Section 9.60.110 A A A A A A Cottage food operations, subject to Section 9.60.115 P P P P P P Patio covers, decks, and gazebos, subject to Section 9.60.040 A A A A A A Fences and walls, subject to Section 9.60.030 P P P P P P Satellite dishes and other antennas subject to Section 9.60.080 A A A A A A 534 (Supp. No. 2, Update 3) Page 3 of 71 Swimming pools, spas and cabanas, subject to Section 9.60.070 A A A A A A Garages and carports, subject to Section 9.60.060 A A A A A A Keeping of household pets, subject to Section 9.60.120 A A A A A A On lots of 1 acre or more, the noncommercial keeping of hoofed animals, fowl (except roosters) and rabbits, subject to Section 9.60.120. Hoofed animals include horses, sheep, goats, pot bellied pigs, and similar. The keeping of horses is subject to Section 9.140.060 and limited to one horse per 2.5 acres. A A X X X X Other accessory uses and structures which are customarily associated with and subordinate to the principal use on the premises and are consistent with the purpose and intent of the zoning district. A A A A A A Agricultural Uses Tree crop farming; greenhouses P X X X X X Field crop farming P M X X X X Produce stands, subject to Section 9.100.100 P T X X X X Temporary Uses Garage sales A A A A A A Construction and guard offices, subject to Section 9.60.200 A A A A A A Use of relocatable building M M M M M M Model home complexes and sales offices, subject to Section 9.60.240 M M M M M M Special outdoor events, subject to Section 9.60.170 M M M M M M Parking of recreational vehicles, subject to Section 9.60.130 A A A X X X Other Uses Churches, temples and other places of worship C C C C C C Museum or gallery displaying sculpture, artwork or crafts, including schools for above, on 20 acres or more M M M M M M Community recreational vehicle storage lots, noncommercial A A X A A A Communication towers and equipment (freestanding, new towers) subject to Chapter 9.170 C C C C C C 535 (Supp. No. 2, Update 3) Page 4 of 71 Communication towers and equipment (co- location, mounted to existing facility) subject to Chapter 9.170 M M M M M M Utility substations and facilities M M M M M M Public flood control facilities and devices P P P P P P Other principal, accessory or temporary uses not in this table. Director or planning commission to determine whether use is permitted in accordance with Section 9.20.040. (Ord. 584 § 2, 2020; Ord. 550 § 1, 2016; Ord. 538 § 2, 2016; Ord. 523 § 1, 2015; Ord. 515 § 1, 2013; Ord. 512 § 1, 2013; Ord. 492 § 1, 2011; Ord. 480 § 1, 2010; Ord. 466 § 1, 2009; Ord. 445 § 1, 2007; Ord. 414 § 1, 2005; Ord. 394 § 2, 2003; Ord. 325 § 1, 1998; Ord. 299 § 1, 1997; Ord. 284 § 1, 1996) Chapter 9.60 SUPPLEMENTAL RESIDENTIAL REGULATIONS 9.60.090 Accessory dwelling units. A. Purpose. This section provides standards and criteria for the establishment of accessory dwelling units and junior accessory dwelling units, consistent with California Government Code Section 65852.2, subdivision (a)(1) and 65852.22. Accessory dwelling units shall be permitted only in the zones that allow single family or multifamily uses: RVL, RL, RC, RM, RMH, RH, CR, CP, CC, CN, TC, CO and VC zone districts. Junior accessory dwelling units are permitted in single family zones: RVL, RL, RC, RM, RMH, and RH zone districts. B. Definitions. See Chapter 9.280. For purposes of this section, "second residential unit," "second dwelling unit," "second unit," and "granny flat" as defined in Section 9.280.030 (or successor section) shall not apply, and, instead, "accessory dwelling unit" as defined in California Government Code Section 65852.2(i)(4) (or successor section in the Government Code) shall apply. An accessory dwelling unit shall be either "attached" or "detached" to the primary residence as described in Government Code Section 65852.2(i)(4) (or successor statute). In addition, the following definitions shall apply for purposes of this section: 1. "Junior accessory dwelling unit" means a unit that is no less than one hundred fifty (150) square feet and no more than five hundred (500) square feet in size and contained entirely within a single-family residence. A junior accessory dwelling unit may include separate sanitation facilities, or may share sanitation facilities with the existing structure. 2. "Living area" shall have the same meaning as California Government Code Section 65852.2(i)(1) (or successor section in the Government Code), notwithstanding any provision in Section 9.280.030 of this code to the contrary. 536 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 5 of 71 3. "Primary residence" shall have the same meaning as "dwelling, main or Primary residence” as defined in Section 9.280.030 (or successor section). 4. "Public transit" means a location, including but not limited to, a bus stop or train station, where the public may access buses, trains, subways, and other forms of transportation that charge set fares, run on fixed routes and are available to the public (consistent with Government Code Section 65852.2, subdivision (j)(9). . C. Standards for Accessory Dwelling Units. The following standards shall apply to accessory dwelling units: 1. Except as provided in Government Code Section 65852.26, the accessory dwelling unit may be rented separate from the primary residence, but may not be sold or otherwise conveyed separate from the primary residence. 2. The lot is zoned to allow single-family or multifamily dwelling use and includes a proposed or existing dwelling. 3. The accessory dwelling unit is either attached to, or located within, the proposed or existing primary dwelling, including attached garages, storage areas or similar uses, or an accessory structure or detached from the proposed or existing primary dwelling and located on the same lot as the proposed or existing primary dwelling. 4. The total floor area of an attached accessory dwelling unit shall not exceed 50 percent of the primary dwelling or 800 square feet if the primary dwelling is less than 1,600 square feet. 5. The total floor area for a new detached accessory dwelling unit shall not exceed 1,200 square feet. 6. An accessory dwelling unit shall include a kitchen and bathroom. 7. An efficiency unit as defined by Section 17958.1 of the California Health and Safety Code must be a minimum of 150 square feet. 8. No passageway shall be required in conjunction with the construction of an accessory dwelling unit. 9. No setback shall be required for an existing living area or accessory structure or a structure constructed in the same location and to the same dimensions as an existing structure that is converted to an accessory dwelling unit or to a portion of an accessory dwelling unit, and a setback of no more than four feet from the side and rear lot lines shall be required for an accessory dwelling unit that is not converted from an existing structure or a new structure constructed in the same location and to the same dimensions as an existing structure. 10. The building code requirements in effect at the time a building permit is secured shall apply to detached dwellings. 11. The accessory dwelling unit must be approved by the Riverside County Department of Environmental Health and the Regional Water Quality Control Board where a private sewage disposal system is being used or proposed. 12. Parking requirements for accessory dwelling units shall not exceed one parking space per accessory dwelling unit or per bedroom, whichever is less. These spaces may be provided as tandem parking on a driveway. a. Off-street parking shall be permitted in setback areas or through tandem parking, unless specific findings are made that parking in setback areas or tandem parking is not feasible based upon specific site or regional topographical or fire and life safety conditions. b. There shall be no additional parking requirement for an accessory dwelling unit in any of the following instances: 537 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 6 of 71 i. The accessory dwelling unit is located within one-half mile walking distance of public transit. ii. The accessory dwelling unit is located within an architecturally and historically significant historic district. iii. The accessory dwelling unit is part of the proposed or existing primary residence or an accessory structure. iv. When on-street parking permits are required but not offered to the occupant of the accessory dwelling unit. v. When there is a car share vehicle located within one block of the accessory dwelling unit. c. When a garage, carport, or covered parking structure is demolished in conjunction with the construction of an accessory dwelling unit or converted to an accessory dwelling unit, those off-street parking spaces need not be replaced. 13. One accessory dwelling unit and one junior accessory dwelling unit is permitted per lot with a proposed or existing single-family dwelling if all of the following apply: a. The accessory dwelling unit or junior accessory dwelling unit is within the proposed space of a single-family dwelling or existing space of a single-family dwelling or accessory structure and may include an expansion of not more than 150 square feet beyond the same physical dimensions as the existing accessory structure. An expansion beyond the physical dimensions of the existing accessory structure shall be limited to accommodating ingress and egress. b. The space has exterior access from the proposed or existing single-family dwelling. c. The side and rear setbacks are sufficient for fire and safety. d. The junior accessory dwelling unit complies with the requirements of California Government Code Section 65852.22. 14. One detached, new construction, accessory dwelling unit that does not exceed four- foot side and rear yard setbacks for a lot with a proposed or existing single-family dwelling. The accessory dwelling unit may be combined with a junior accessory dwelling unit described in subsection D, if it complies with the following: a. A total floor area limitation of not more than 800 square feet. b. A height limitation of 16 feet. 15. Multiple accessory dwelling units are permitted within the portions of existing multifamily dwelling structures that are not used as livable space, including, but not limited to, storage rooms, boiler rooms, passageways, attics, basements, or garages, if each unit complies with state building standards for dwellings. a. One accessory dwelling unit is permitted within an existing multifamily dwelling and up to 25 percent of the existing multifamily dwelling units may contain an accessory dwelling unit. b. Not more than two accessory dwelling units that are located on a lot that has an existing multifamily dwelling, but are detached from that multifamily dwelling are permitted, and are subject to a height limit of 16 feet and four- foot rear yard and side setbacks. 16. Accessory dwelling units shall not be required to provide fire sprinklers if they are not required for the primary residence. 17. An accessory dwelling unit that is rented must be rented for terms longer than 30 days. Under no circumstances shall an accessory dwelling unit be eligible for a Short Term Vacation Rental permit. 538 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 7 of 71 18. In the event of any conflicts between the standards set forth in this section and those set forth in the regulations of the applicable zoning district, the provisions of this section shall prevail. 19. The applicant shall pay to the city all applicable fees imposed on such new development of an accessory dwelling unit or new or rehabilitated primary residence that will include an accessory dwelling unit, provided, however, that no impact fee shall be imposed upon the development of an accessory dwelling unit less than 750 square feet, and any impact fees charged for an accessory dwelling unit of 750 square feet or more shall be charged proportionately in relation to the square footage of the primary dwelling unit. D. Standards for Junior Accessory Dwelling Units. The following standards shall apply for junior accessory dwelling units: 1. Junior accessory dwelling units shall be limited to one (1) per residential lot zoned for single-family residences with a single-family residence already built or proposed to be built, on the lot. 2. The single-family residence in which the junior accessory dwelling unit will occur must be owner-occupied. The owner may reside in either the remaining portion of the structure or the newly created junior accessory dwelling unit. Owner- occupancy shall not be required if the owner is another governmental agency, land trust, or housing organization. 3. Prior to issuance of occupancy approval of the accessory dwelling unit, the city may require the property owner to enter into a restrictive covenant with the city prohibiting the sale of the junior accessory dwelling unit separate from the sale of the single-family residence, including a statement that the deed restriction may be enforced against future purchasers; and restricting the size and attributes of the junior accessory dwelling unit that conforms with this section. 4. A junior accessory dwelling unit must be constructed within the walls of the proposed or existing single-family residence. 5. A junior accessory dwelling shall provide a separate entrance from the main entrance to the proposed or existing single-family residence. 6. A junior accessory dwelling unit shall include an efficiency kitchen, which shall include all of the following: a. A cooking facility with appliances, and b. A food preparation counter and storage cabinets that are of reasonable size in relation to the size of the junior accessory dwelling unit. 7. Parking: A junior accessory dwelling unit shall not require parking in addition to that required for the proposed or existing single-family residence. 8. For the purposes of providing service for water, sewer, or power, including a connection fee, a junior accessory dwelling unit shall not be considered a separate or new dwelling unit. 539 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 8 of 71 F. A permit application for an accessory dwelling unit or a junior accessory dwelling unit shall be considered and approved ministerially without discretionary review or a hearing. The director, or his/her designee, shall act on the application within sixty (60) days from the date the application is found complete if there is an existing single-family or multifamily dwelling on the lot. If the permit application to create an accessory dwelling unit or a junior accessory dwelling unit is submitted with a permit application to create a new single-family dwelling on the lot, the director may delay acting on the permit application for the accessory dwelling unit or the junior accessory dwelling unit until the issuance of a building permit for the new single-family dwelling. If the applicant requests a delay, the sixty (60)-day time period shall be tolled for the period of the delay. G. If an application for an accessory dwelling unit or junior accessory dwelling unit is submitted or required to be submitted with any other applications that require or permit ministerial or discretionary review under the code, nothing in this section precludes the processing and review of those other applications pursuant to those other provisions in the code. ( Ord. 588 § 2(Exh. A), 2-2-2021; Ord. 561 § 1, 2017; Ord. 550 § 1, 2016; Ord. 445 § 2, 2007; Ord. 299 § 1, 1997; Ord. 284 § 1, 1996) 9.60.180 Manufactured housing and mobile homes. A. Purpose. This section is intended to provide standards and criteria for the placement, design, and construction of manufactured, modular and mobile homes in residential districts consistent with Section 65852.3 et seq. of the State Government Code. B. Definition. See Chapter 9.280. For purposes of simplicity, the term manufactured home is used in this section. C. Mobile Home Parks. In accordance with Section 65852.7 of the State Government Code, mobile home parks are permitted in all residential districts if a conditional use permit is approved. Development standards for such parks shall be as follows: minimum thirty percent (30%) common open area and minimum perimeter setbacks of twenty (20) feet at any point and twenty-five (25) feet average over the entire perimeter. D. Individual Manufactured Homes. individual mobile homes are permitted as permanent dwellings on single-family lots within the RVL, RL, RC, RM, and RMH districts. E. Mobilehomes must meet the same development standards as provided for single- family homes for each district as set forth in Chapter 9.50 and elsewhere in this code. (Ord. 584 § 2, 2020; Ord. 550 § 1, 2016; Ord. 325 § 1, 1998; Ord. 299 § 1, 1997; Ord. 284 § 1, 1996) 9.60.260 Density bonuses for affordable housing. A. Purpose and Application. The purpose of this section is to (1) establish procedures for implementing state density bonus requirements, as set forth in California Government Code Section 65915, as amended, (2) increase the production of affordable housing, consistent with the city's goals, objectives, and policies and (3) implement the 540 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 9 of 71 provisions of the city's general plan housing element policies and programs relating to the provision of affordable housing. When an applicant seeks a density bonus for a housing development, or for the donation of land for housing, within the city's jurisdiction, the city shall provide the applicant incentives or concessions for the production of housing units and child daycare facilities as prescribed in this section. B. Definitions. See Chapter 9.280. Also, the following definitions shall apply to this section: 1. "Applicant" means a developer or applicant for a density bonus pursuant to Government Code Section 65915, subdivision (b), of the California Government Code and subsection C of this section. 2. “Development standard” includes a site or construction condition, including, but not limited to, a height limitation, a setback requirement, a floor area ratio, an onsite open-space requirement, or a parking ratio that applies to a residential development pursuant to any ordinance, general plan element, specific plan, charter, or other City condition, law, policy, resolution, or regulation. 3. "Housing development," means one (1) or more groups of projects for residential units in the planned development of the city. "Housing development" also includes a subdivision or common interest development, as defined in Section 1351 of the California Civil Code, approved by the city and consisting of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Government Code Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. 4. “Located within one-half mile of a major transit stop” means that any point on a proposed development, for which an applicant seeks a density bonus, other incentives or concessions, waivers or reductions of development standards, or a vehicular parking ratio pursuant to this section, is within one-half mile of any point on the property on which a major transit stop is located, including any parking lot owned by the transit authority or other local agency operating the major transit stop. 5. “Lower income student” means a student who has a household income and asset level that does not exceed the level for Cal Grant A or Cal Grant B award recipients as set forth in paragraph (1) of subdivision (k) of Section 69432.7 of the Education Code. The eligibility of a student to occupy a unit for lower income students under this section shall be verified by an affidavit, award letter, or letter of eligibility provided by the institution of higher education in which the student is enrolled or by the California Student Aid Commission that the student receives or is eligible for financial aid, including an institutional grant or fee waiver from the college or university, the California Student Aid Commission, or the federal government. 6. “Major transit stop” has the same meaning as defined in subdivision (b) of Section 21155 of the Public Resources Code. 7. “Maximum allowable residential density” means the density allowed under the zoning ordinance and land use element of the general plan, or, if a range of density is permitted, means the maximum allowable density for the specific zoning range and land use element of the general plan applicable to the project. If the density 541 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 10 of 71 allowed under the zoning ordinance is inconsistent with the density allowed under the land use element of the general plan, the general plan density shall prevail. 8. "Qualified mobile home park" means a mobile home park that limits residency based on age requirements for housing for older persons pursuant to Section 798.76 or 799.5 of the California Civil Code. 9. "Senior citizen housing development" means senior citizen housing as defined in Sections 51.3 and 51.12 of the California Civil Code. 10. "Specific adverse impact" means any adverse impact as defined in paragraph (2), subdivision (d), of Government Code Section 65589.5, upon public health and safety or the physical environment, or on any real property that is listed in the California Register of Historical Resources, and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact without rendering the housing development unaffordable to low- and moderate-income households. 11. “Total units” or “total dwelling units” means a calculation of the number of units that: a. Excludes a unit added by a density bonus awarded pursuant to this section. b. Includes a unit designated to satisfy an inclusionary zoning requirement. C. Qualifications for Density Bonus and Incentives and Concessions. 1. The city shall grant one (1) density bonus as specified in subsection G of this section, and incentives or concessions as described in subsection E, when an applicant seeks and agrees to construct a housing development, excluding any units permitted by the density bonus awarded pursuant to this section, that will contain at least any one (1) of the following: a. Ten percent of the total units of a housing development for rental or sale to lower income households, as defined in Section 50079.5 of the Health and Safety Code. b. Five percent of the total units of a housing development for rental or sale to very low income households, as defined in Section 50105 of the Health and Safety Code. c. A senior citizen housing development, as defined in Sections 51.3 and 51.12 of the Civil Code, or a mobilehome park that limits residency based on age requirements for housing for older persons pursuant to Section 798.76 or 799.5 of the Civil Code. d. Ten percent of the total dwelling units of a housing development are for rental or sale to persons and families of moderate income, as defined in Section 50093 of the Health and Safety Code. e. Ten percent of the total units of a housing development for transitional foster youth, as defined in Section 66025.9 of the Education Code, disabled veterans, as defined in Section 18541, or homeless persons, as defined in the federal McKinney-Vento Homeless Assistance Act (42 U.S.C. Sec. 11301 et 542 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 11 of 71 seq.). The units described in this subparagraph shall be subject to a recorded affordability restriction of 55 years and shall be provided at the same affordability level as very low income units. f. Twenty percent of the total units for lower income students in a student housing development that meets the following requirements: i. All units in the student housing development will be used exclusively for undergraduate, graduate, or professional students enrolled full time at an institution of higher education accredited by the Western Association of Schools and Colleges or the Accrediting Commission for Community and Junior Colleges. In order to be eligible under this subclause, the developer shall, as a condition of receiving a certificate of occupancy, provide evidence to the city, county, or city and county that the developer has entered into an operating agreement or master lease with one or more institutions of higher education for the institution or institutions to occupy all units of the student housing development with students from that institution or institutions. An operating agreement or master lease entered into pursuant to this subclause is not violated or breached if, in any subsequent year, there are not sufficient students enrolled in an institution of higher education to fill all units in the student housing development. ii. The applicable 20-percent units will be used for lower income students. iii. The rent provided in the applicable units of the development for lower income students shall be calculated at 30 percent of 65 percent of the area median income for a single-room occupancy unit type. iv. The development will provide priority for the applicable affordable units for lower income students experiencing homelessness. A homeless service provider, as defined in paragraph (3) of subdivision (e) of Section 103577 of the Health and Safety Code, or institution of higher education that has knowledge of a person’s homeless status may verify a person’s status as homeless for purposes of this subclause. For purposes of calculating a density bonus granted pursuant to this subparagraph, the term “unit” as used in this section means one rental bed and its pro rata share of associated common area facilities. The units described in this subparagraph shall be subject to a recorded affordability restriction of 55 years. g. 100 percent of all units in the development, including total units and density bonus units, but exclusive of a manager’s unit or units, are for lower income households, as defined by Section 50079.5 of the Health and Safety Code, except that up to 20 percent of the units in the development, including total units and density bonus units, may be for moderate-income households, as defined in Section 50053 of the Health and Safety Code. 2. As used in subsection (C)(1) of this section, the term "total units" does not include units permitted by a density bonus awarded pursuant to this section or any other local law granting a greater density bonus. 3. Election of Density Bonus Category. Each applicant who requests a density bonus pursuant to this section shall elect whether the bonus shall be awarded on the 543 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 12 of 71 basis of subsection a, b, c, d, e, for gof subsection (C)(1). Each housing development is entitled to only one (1) density bonus, which may be selected based on the percentage of either very low affordable housing units, lower income affordable housing units or moderate income affordable housing units, or the development's status as a senior citizen housing development, student housing development or qualified mobile home park. Density bonuses from more than one (1) category may not be combined. 4. Previous Density Bonuses. The density bonus provisions shall not apply to any parcel or project area which has previously been granted increased density through a general plan amendment, zone change or other permit to facilitate affordable housing. D. Continued Affordability. 1. Prior to the issuance of building permits for any dwelling unit, an applicant shall enter into a written agreement with the city to ensure and guarantee the continued affordability of all low and very low income units that qualified the applicant for the award of the density bonus for a period of fifty-five (55) years or a longer period of time if required by the construction or mortgage financing assistance program, mortgage insurance program, or rental subsidy program. Rents for affordable housing units for lower income households shall be set at an affordable rent. Owner-occupied affordable housing units shall be available at an affordable housing cost. a. The terms and conditions of the agreement shall run with the land, shall be binding upon all successors in interest of the applicant, and shall be recorded in the office of the Riverside County Recorder. b. The agreement shall also include the following provisions: i. The applicant shall grant the city the continuing right of refusal to purchase or lease any or all of the designated units at fair market value; ii. The deeds to the designated units shall contain a covenant stating that the applicant or the applicant's successor in interest shall not sell, rent, lease, sublet, assign, or otherwise transfer (whether voluntarily, involuntarily or by operation of law) any interest in such unit without written approval of the city, confirming that the sales price or lease/rent amount of the unit is consistent with the limits established for low- and very-low income households as adjusted by the Consumer Price Index; and iii. The city shall also have the authority to enter into other agreements with the applicant or purchases or lessees of the dwelling units as may be necessary to assume that the designated dwelling units are continuously occupied by eligible households. 2. Prior to the issuance of building permits for any dwelling unit, an applicant shall agree to, and the city shall ensure, that the initial occupant of moderate-income units that are related to the receipt of the density bonus, are persons and families of moderate income and that the units are offered at an affordable housing cost. With respect to moderate-income units, the city shall require the applicant to enter and shall enforce an equity-sharing agreement, unless it is in conflict with the 544 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 13 of 71 requirements of another public funding source or law. The following shall apply to the equity-sharing agreement: a. Upon resale, the seller of the moderate-income unit shall retain the value of any improvements, the down payment, and the seller's proportionate share of appreciation. The city shall recapture any initial subsidy and its proportionate share of appreciation, which shall then be used within five (5) years for any of the purposes that promote homeownership as described in subdivision (e) of Section 33334.2 of the California Health and Safety Code. b. For purposes of this subsection (D)(2), the city's initial subsidy shall be equal to the fair market value of the moderate-income unit at the time of initial sale minus the initial sale price to the moderate-income household, plus the amount of any down payment assistance or mortgage assistance. If upon resale the market value is lower than the initial market value, then the value at the time of the resale shall be used as the initial market value. c. For purposes of this subsection (D)(2), the city's proportionate share of appreciation shall be equal to the ratio of the initial subsidy to the fair market value of the moderate-income unit at the time of initial sale. d. The applicant shall grant the city a right of first refusal to purchase any or all of the designated units at fair market value, which right of first refusal shall apply to subsequent sellers. E. Incentives and Concessions. 1. An applicant for a density bonus may also submit to the city a proposal for specific incentives or concessions in exchange for the provision of affordable housing units in accordance with this section. The applicant may also request a meeting with the city to discuss such proposal. The city shall grant the concession or incentive requested by the applicant unless the city makes a written finding, based upon substantial evidence, of either of the following: a. The concession or incentive is not required in order to provide for affordable housing costs or for rents for the targeted units to be set as specified in subsection D of this section (i.e., the applicant is unable to demonstrate that the waiver or modification is necessary to make the housing units economically feasible); or b. The concession or incentive would have a specific adverse impact, as defined in paragraph (2) of subdivision (d) of Section 65589.5 of the Health and Safety Code, upon public health and safety or the physical environment or on any real property that is listed in the California Register of Historical Resources and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact without rendering the development unaffordable to low- and moderate-income households. c. The concession or incentive would be contrary to state or federal law. 2. If the conditions of subsection C and subsection 1 of this subsection E are met by an applicant, the city may grant an applicant applying for incentives or concessions the following number of incentives or concessions: a. One (1) incentive or concession for housing developments that include: At least ten percent (10%) of the total units affordable to lower income 545 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 14 of 71 households; or at least five percent (5%) of the total units affordable to very low income households; or at least ten percent (10%) of the total units affordable to persons and families of moderate income in a development in which the units are for rental or sale. b. Two (2) incentives or concessions for housing developments that include: At least seventeen percent (17%) of the total units affordable to lower income households; or at least ten percent (10%) of the total units affordable to very low income households; or at least twenty percent (20%) of the total units affordable to persons and families of moderate income in a development in which the units are for rental or sale. c. Three (3) incentives or concessions for housing developments that include: At least twenty-four percent (24%) of the total units for lower income households; or at least fifteen percent (15%) for very low income households; or at least thirty percent (30%) for persons and families of moderate income in a development in which the units are for rental or sale. d. Four (4) incentives of concessions if the project includes 100% affordable housing units, excluding the manager’s unit. If the project is within one-half mile of a major transit stop, the applicant shall also receive a height increase of up to three additional stories, or 33 feet. e. One incentive or concession for projects that include at least twenty (20) percent of the total units for lower income students in a student housing development. 3. For the purposes of this section, available concessions or incentives may include any of the following: a. A reduction in site development standards or a modification of zoning code requirements or architectural design requirements that exceed the minimum building standards approved by the California Building Standards Commission as provided in Part 2.5 (commencing with Section 18901) of Division 13 of the California Health and Safety Code, including, but not limited to, a reduction in setback and square footage requirements and in the ratio of vehicular parking spaces that would otherwise be required that results in identifiable, financially sufficient, and actual cost reductions. b. Approval of mixed use zoning in conjunction with the housing development if commercial, office, industrial, or other land uses will reduce the cost of the housing development and if the commercial, office, industrial, or other land uses are compatible with the housing project and the existing or planned development in the area where the proposed housing development will be located. c. Other regulatory incentives or concessions proposed by the applicant or the city that result in identifiable, financially sufficient, and actual cost reductions. d. For purposes of this section, the parking ratios set forth in Government Code Section 65915 (and subsection K of this section) for qualified affordable housing projects shall be deemed a concession or incentive available to the applicant. 4. This subsection does not limit or require the provision of direct financial incentives for the housing development, including the provision of publicly-owned land, by 546 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 15 of 71 the city or the waiver of fees or dedication requirements. Nor does any provision of this subsection require the city to grant an incentive or concession found to have a specific adverse impact. 5. The granting of a concession or incentive shall not be interpreted, in and of itself, to require a general plan amendment, zoning change, or other discretionary approval. 6. The application and review process for a proposal of incentives and concessions is set forth in subsection L of this section. F. Waiver/Modification of Development Standards. 1. Applicants may, by application, seek a waiver, modification or reduction of development standards that will otherwise preclude or inhibit the use of density bonus units in a housing development at the densities or with the concessions or incentives permitted by this section. The applicant may also request a meeting with the city to discuss such request for waiver/modification. In order to obtain a waiver/modification of development standards, the applicant shall show that (a) the waiver or modification is necessary to make the housing units economically feasible, and (b) that the development standards will have the effect of precluding the construction of a housing development meeting the criteria of subsection (C)(1), at the densities or with the concessions or incentives permitted by this section. 2. Nothing in this subsection shall be interpreted to require the city to waive, modify or reduce development standards if the wavier, modification or reduction would have a specific adverse impact. 3. The application and review process for a waiver/modification of development standards is set forth in subsection L of this section. 4. Waiver or Reduction of Development Standards. a. In no case may the city apply any development standard that will have the effect of physically precluding the construction of a development meeting the criteria of subsection C at the densities or with the concessions or incentives permitted by this section. An applicant may submit to the city a proposal for the waiver or reduction of development standards that will have the effect of physically precluding the construction of a development meeting the criteria of subsection C at the densities or with the concessions or incentives permitted under this section, and may request a meeting with the city. If a court finds that the refusal to grant a waiver or reduction of development standards is in violation of this section, the court shall award the plaintiff reasonable attorney's fees and costs of suit. Nothing in this subdivision shall be interpreted to require the city to waive or reduce development standards if the waiver or reduction would have a specific, adverse impact, as defined in paragraph (2) of subsection (d) of Section 65589.5, upon health, safety, or the physical environment, and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact. Nothing in this subdivision shall be interpreted to require the city to waive or reduce development standards that would have an adverse impact on any real property that is listed in the California Register of Historical Resources or to grant any waiver or reduction that would be contrary to state or federal law. 547 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 16 of 71 b. A proposal for the waiver or reduction of development standards pursuant to this subdivision shall neither reduce nor increase the number of incentives or concessions to which the applicant is entitled pursuant to subsection C. G. Specified Density Bonus Percentages. Only housing developments consisting of five (5) or more dwelling units are eligible for the density bonus percentages provided by this subsection. The amount of density bonus to which the applicant is entitled shall vary according to the amount by which the percentage of affordable housing units exceeds the percentage established in subsection (C)(1). 1. For housing developments meeting the criteria of subsection (C)(1)(a), the density bonus shall be calculated as follows: Percentage Low-Income Units Percentage Density Bonus 10 20 11 21.5 12 23 13 24.5 14 26 15 27.5 16 29 17 30.5 18 32 19 33.5 20 35 21 38.75 22 42.5 23 46.25 24 50 2. For housing developments meeting the criteria of subsection (C)(1)(b), the density bonus shall be calculated as follows: Percentage Very Low Income Units Percentage Density Bonus 5 20 6 22.5 7 25 8 27.5 9 30 10 32.5 11 35 12 38.75 13 42.5 14 46.25 15 50 3. For housing developments meeting the criteria of subsection (C)(1)(c) and (e), the density bonus shall be twenty percent (20%). 548 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 17 of 71 4. For housing developments meeting the criteria of subsection (C)(1)(f), the density bonus shall be thirty-five percent (35%). 5. For housing development meeting the criteria of subsection (C)(1)(g), the following shall apply: i. The density bonus shall be 80 percent of the number of units for lower income households. ii. If the housing development is located within one-half mile of a major transit stop, the city shall not impose any maximum controls on density. 4. For housing developments meeting the criteria of subsection (C)(1)(d), the density bonus shall be calculated as follows: Percentage Moderate Income Units Percentage Density Bonus 10 5 11 6 12 7 13 8 14 9 15 10 16 11 17 12 18 13 19 14 20 15 21 16 22 17 23 18 24 19 25 20 26 21 27 22 28 23 29 24 30 25 31 26 32 27 33 28 34 29 35 30 36 31 37 32 38 33 39 34 40 35 41 38.75 42 42.5 43 46.25 549 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 18 of 71 44 50 5. An applicant may elect to accept a lesser percentage of density bonus than that to which the applicant is entitled under this section. All density bonus calculations resulting in a fractional number shall be rounded upwards to the next whole number. The granting of a density bonus shall not be interpreted, in and of itself, to require a general plan amendment, zoning change, or other discretionary approval. 6. For the purpose of calculating a density bonus, the residential units do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located. 7. The application and review process for a density bonus as provided by this section is set forth in subsection L of this section. H. Land Donation. When a developer of a housing development donates land to the city as provided for in this subsection, the applicant shall be entitled to a fifteen percent (15%) increase above the otherwise maximum allowable residential density under the applicable zoning ordinance and land use element of the general plan for the entire housing development, as follows: Percentage Very Low Income Units Percentage Density Bonus 10 15 11 16 12 17 13 18 14 19 15 20 16 21 17 22 18 23 19 24 20 25 21 26 22 27 23 28 24 29 25 30 26 31 27 32 28 33 29 34 30 35 This increase shall be in addition to any increase in density mandated by subsection C, up to a maximum combined mandated density increase of thirty-five percent (35%), if an applicant seeks both the increase required pursuant to this subsection and subsection C. All 550 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 19 of 71 density calculations resulting in fractional units shall be rounded up to the next whole number. Nothing in this subsection shall be construed to enlarge or diminish the city's authority to require an applicant to donate land as a condition of development. 1. An applicant shall be eligible for the increased density bonus described in this section if the city is able to make all the following findings: a. The applicant donates and transfers the land no later than the date of approval of the final subdivision map, parcel map, or residential development application. b. The developable acreage and zoning classification of the land being transferred are sufficient to permit construction of units affordable to very low income households in an amount not less than ten percent (10%) of the number of residential units of the proposed development. c. The transferred land is at least one (1) acre in size or of sufficient size to permit development of at least forty (40) units, has the appropriate general plan designation, is appropriately zoned for development as affordable housing, and is or will be served by adequate public facilities and infrastructure. The land shall have appropriate zoning and development standards to make the development of the affordable units feasible. No later than the date of approval of the final subdivision map, parcel map, or development application for the housing development, the transferred land shall have all of the permits and approvals, other than building permits, necessary for the development of very low income housing units on the transferred land, except that the city may subject the proposed development to subsequent design review to the extent authorized by subdivision (i) of Government Code Section 65583.2 if the design is not reviewed by the local government prior to the time of transfer. d. The transferred land and the very low income units constructed on the land will be subject to a deed restriction ensuring continued affordability of the units consistent with this section, which restriction will be recorded on the property at the time of dedication. e. The land is transferred to the city or to a housing developer approved by the city. The city may require the applicant to identify and transfer the land to such city-approved developer. f. The transferred land shall be within the boundary of the proposed development or, if the city agrees in writing, within one-quarter (¼) mile of the boundary of the proposed development. g. A proposed source of funding for the very low income units shall be identified not later than the date of approval of the final subdivision map, parcel map, or residential development application. 2. The application and review process for a donation of land and related density bonus is set forth in subsection L of this section. I. Child Daycare Facilities. 1. When an applicant proposes to construct a housing development that includes affordable units as specified in subsection C and includes a child daycare facility that will be located on the premises of, as part of, or adjacent to such housing 551 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 20 of 71 development, the city shall grant either of the following if requested by the developer. a. An additional density bonus that is an amount of square feet of residential space that is equal to or greater than the amount of square feet in the child daycare facility. b. An additional concession or incentive that contributes significantly to the economic feasibility of the construction of the child daycare facility. 2. A housing development shall be eligible for the density bonus or concession described in this subsection if the city, as a condition of approving the housing development, requires all of the following to occur: a. The child daycare facility will remain in operation for a period of time that is as long as or longer than the period of time during which the affordable housing units are required to remain affordable pursuant to subsection D. b. Of the children who attend the child daycare facility, the percentage of children of very low income households, lower income households, or moderate income households shall be equal to or greater than the percentage of affordable housing units that are proposed to be affordable to very low income households, lower income households, or moderate income households. c. Notwithstanding any requirement of this subsection, the city shall not be required to provide a density bonus or concession for a child daycare facility if it finds, based upon substantial evidence, that the community already has adequate child daycare facilities. 3. The application and review process for the provision of child daycare facilities and related density bonus or concessions or incentives is set forth in subsection L of this section. J. Condominium Conversions. Any developer converting condominiums of a housing development of five (5) units or more who seeks a density bonus, shall make such application in conjunction with its tract map application pursuant to the Subdivision Map Act, Section 9.60.260 of this code and consistent with Government Code Section 65915.5. Any appeal of any concession or incentive or review by the planning commission or city council shall automatically require an appeal of the underlying map to that body. An applicant shall be ineligible for a density bonus or other incentives under this section if the apartments proposed for conversion constitute a housing development for which a density bonus or other incentives were provided under Government Code Section 65915. K. By-Right Parking Incentives. Housing developments meeting any of the criteria of subsection (C)(1), shall be granted the following maximum parking ratios, inclusive of handicapped and guest parking, which shall apply to the entire development, not just the restricted affordable units, when requested by a developer: 1. Zero (0) to one (1) bedroom dwelling unit: one (1) onsite parking space; 2. Two (2) to three (3) bedrooms dwelling unit: one and one-half (1½) onsite parking spaces; 3. Four (4) or more bedrooms: two and one-half (2½) parking spaces. 552 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 21 of 71 If the total number of spaces required results in a fractional number, it shall be rounded up to the next whole number. For purposes of this subsection, a development may provide "onsite parking" through tandem parking or uncovered parking, but not through on-street parking. If a development includes at least 20 percent low-income units or at least 11 percent very low income units and is located within one-half mile of a major transit stop, and there is unobstructed access to the major transit stop from the development, then, upon the request of the developer, the city shall not impose a vehicular parking ratio, inclusive of parking for persons with a disability and guests, that exceeds 0.5 spaces per unit. If a development includes at least 40 percent moderate-income units and is located within one-half mile of a major transit stop, and the residents of the development have unobstructed access to the major transit stop from the development then, upon the request of the developer, the city shall not impose a vehicular parking ratio, inclusive of parking for persons with a disability and guests, that exceeds 0.5 spaces per bedroom. For purposes of this subdivision, “unobstructed access to the major transit stop” means a resident is able to access the major transit stop without encountering natural or constructed impediments. For purposes of this subparagraph, “natural or constructed impediments” includes, but is not limited to, freeways, rivers, mountains, and bodies of water, but does not include residential structures, shopping centers, parking lots, or rails used for transit. If a development consists solely of rental units, exclusive of a manager’s unit or units, with an affordable housing cost to lower income families, then, upon the request of the developer, the city shall not impose vehicular parking standards if the development meets either of the following criteria: a. The development is located within one-half mile of a major transit stop and there is unobstructed access to the major transit stop from the development. b. The development is a for-rent housing development for individuals who are 62 years of age or older that complies with Sections 51.2 and 51.3 of the Civil Code and the development has either paratransit service or unobstructed access, within one-half mile, to fixed bus route service that operates at least eight times per day. If a development consists solely of rental units, exclusive of a manager’s unit or units, with an affordable housing cost to lower income families, and the development is either a special needs housing development, as defined in Section 51312 of the Health and Safety Code, or a supportive housing development, as defined in Section 50675.14 of the Health and Safety Code, then, upon the request of the developer, the city shall not impose any minimum vehicular parking requirement. A development that is a special needs housing development shall have either paratransit service or unobstructed access, within one-half mile, to fixed bus route service that operates at least eight times per day. L. Application and Review Procedures. 1. A written application for a density bonus, incentive, concession, waiver, or modification pursuant to this section shall be submitted with the first application 553 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 22 of 71 that is submitted for approval of a housing development and processed concurrently with all other applications required for the housing development. Notwithstanding any other requirements, affordable housing projects processed under this section shall require approval of a conditional use permit, subject to the requirements of Government Code Section 65589.5(d). The application shall be submitted on a form prescribed by the city and shall include at least the following information: a. Site plan showing total number of units, number and location of affordable housing units, and number and location of proposed density bonus units. b. Level of affordability of affordable housing units and proposals for ensuring affordability. c. A specific description of any requested incentives, concessions, waivers or modifications of development standards, or modified parking standards. The application shall include evidence that the requested incentives and concessions are required for the provision of affordable housing costs and/or affordable rents, as well as evidence relating to any other factual findings required under subsection E. d. If a density bonus or concession is requested in connection with a land donation, the application shall show the location of the land to be dedicated and provide evidence that each of the findings included in subsection H can be made. e. If a density bonus or concession/incentive is requested for a childcare facility, the application shall show the location and square footage of the child daycare facilities and provide evidence that each of the findings included subsection I can be made. 2. An application for a density bonus, incentive or concession pursuant to this section shall be considered by and acted upon by the approval body with authority to approve the housing development and subject to the same administrative appeal procedure, if any. In accordance with state law, neither the granting of a concession, incentive, waiver, or modification nor the granting of a density bonus shall be interpreted, in and of itself, to require a general plan amendment, zoning change, variance, or other discretionary approval. 3. For housing developments requesting a waiver, modification or reduction of a development standard, an application pursuant to this subdivision shall be heard by the planning commission. A public hearing shall be held by the planning commission and the commission shall issue a determination. Pursuant to Government Code Section 65915, the planning commission shall approve the requested waiver/modification or reduction of development standards, unless one (1) of the following conditions applies: a. The waiver/modification is not required to make the proposed affordable housing units feasible; or b. The waiver/modification will have a specific adverse impact. The decision of the planning commission may be appealed to the city council in the manner provided in Section 9.200.120 of the La Quinta Municipal Code. 554 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 23 of 71 4. Notice of any city determination pursuant to this section shall be provided to the same extent as required for the underlying development approval. Chapter 9.80 NONRESIDENTIAL PERMITTED USES 9.80.020 Table of permitted uses. A. Uses and Structures Permitted. Table 9-5, Permitted Uses in Nonresidential Districts, following, specifies those uses and structures which are permitted within each nonresidential district. The letters in the columns beneath the district designations mean the following: 1. "P": Permitted as a principal use within the district. 2. "A": Permitted only if accessory to the principal use on the site. 3. "C": Permitted as a principal or accessory use if a conditional use permit is approved. 4. "M": Permitted if a minor use permit is approved. 5. "T": Permitted as a temporary use only. 6. "X": Prohibited in the district. 7. "S": Permitted under a specific plan. B. Uses Not Listed in Table. Land uses which are not listed in Table 9-5 are not permitted unless the planning or the planning commission determines that such use is within one (1) of the permitted use categories listed (e.g., principal use, conditional use, etc.) in accordance with Section 9.20.040. Table 9-5 Permitted Uses in Nonresidential Districts P = Permitted use A = Accessory use C = Conditional use permit M = Minor use permit T = Temporary use permit X = Prohibited use Regional CommercialCommercial ParkCommunity CommercialNeighborhood CommercialTourist CommercialOffice CommercialMajor CommunityVillage CommercialLand Use CR CP CC CN CT CO MC VC Retail Uses Retail stores under 10,000 sq. ft. floor area per business P P P P P P X P Retail stores1 , 10,000—50,000 sq. ft. floor area P P P P X X X P Retail stores1 , over 50,000 sq. ft. floor area P C M X X X X X Food, liquor and convenience stores under 10,000 sq. ft. floor area, open less than 18 P A P P A A X P 555 Created: 2022-03-25 11:00:34 [EST] (Supp. No. 2, Update 3) Page 24 of 71 hours/day2 Food, liquor and convenience stores under 10,000 sq. ft. floor area, open 18 or more hours/day2 M X M M M X X M Plant nurseries and garden supply stores, with no propagation of plants on the premises, subject to Section 9.100.110 (Outdoor storage and display) P X P P X X X P Showroom/catalog stores, without substantial on-site inventory P P P X X X X X General Services Barbershops, beauty, nail and tanning salons and similar uses P A P P P A X P Miscellaneous services such as travel services, photo and video services, shoe repair, appliance repair, and similar uses P A P P P A X P Laundromats and dry cleaners, except central cleaning plants P X P P P X X M Printing, blueprinting and copy services P P P P P P X P Pet grooming—without overnight boarding P X P P P X X P Office and Health Services Banks P X P P P P X P General and professional offices P P P P P P P P Medical offices—physicians, dentists, optometrists, chiropractors and similar practitioners, 3 or fewer offices in one building P P P P P P X P Medical centers/clinics—four or more offices in one building P X P C X P X P Surgicenters/medical clinics P P P C X P X X Hospitals C X X X X X C X Convalescent hospitals C X C X X X C X Veterinary clinics/animal hospitals and pet boarding (indoor only) M M M M X X X M Dining, Drinking and Entertainment Uses Restaurants, other than drive-through P A P P P X A P Restaurants, drive-through P A P X P X X X Restaurants, counter take-out with ancillary seating, such as yogurt, ice cream, pastry shops and similar P P P P P X A P Bars and cocktail lounges M M M M M X X M Dance clubs and nightclubs C C C X C X X C Dancing or live entertainment as an accessory use A A A A A X X A 556 Created: 2022-03-25 11:00:34 [EST] (Supp. No. 2, Update 3) Page 25 of 71 Theaters, live or motion picture P X M M M X A M Tobacco shops without onsite smoking, as per the provisions of the Heath and Sanitation Code P X P P A X X P Cigar lounges, hookah bars, and similar uses with onsite smoking, as per the provisions of the Health and Sanitation Code M X M M A X X M Recreation Uses Bowling alleys P X P X P X X C Pool or billiard centers as a principal use C C C X C X X C Pool or billiard tables as accessory use (3 tables or less) A A A A A A X A Game machines as an accessory use A A A A A A X A Golf courses and country clubs (see GC district permitted uses, Chapter 9.120) X X X X A X X X Driving range unlighted P A C X P A P X Tennis clubs or complexes C A C X X A C X Health clubs, martial arts studios, and dance studios, 5,000 sq. ft. floor area or less P P P P P P P P Health clubs, martial arts studios, and dance studios, over 5,000 sq. ft. floor area M M M M M M M M Libraries P P P P P P P P Museum P P P P P P P P Arts and crafts studios, including classes P P P P P P P P Parks, unlighted playfields and open space P P P P P P P P Lighted playfields X X X X X X C C Bicycle, equestrian and hiking trails P P P P P P P P Indoor pistol or rifle ranges X C X X X X X X Indoor or outdoor commercial recreation centers M M M M M M X M Ice skating rinks M M M X M X M X Assembly Uses Lodges, union halls, social clubs and community centers P P P P X X P P Churches, temples and other places of worship M M M M X M X M Mortuaries and funeral homes M M M X X X X X Public and Semipublic Uses Fire stations P P P P P P P P Government offices and police stations P P P P P P P P Communication towers and equipment (freestanding, new towers) subject to Chapter 9.170 C C C C C C C C Communication towers and equipment (co- M M M M M M M M 557 Created: 2022-03-25 11:00:34 [EST] (Supp. No. 2, Update 3) Page 26 of 71 location, mounted to existing facility) subject to Chapter 9.170 Electrical substations X M X X X X M X Water wells and pumping stations P P P P P P P P Reservoirs and water tanks X X X X X X P X Public flood control facilities and devices P P P P P P P P Colleges and universities C M X X X M C C Vocational schools, e.g., barber, beauty and similar M C C X X C C C Private elementary, intermediate and high schools C C C C C C C C Helicopter pads X X X X C X C X Public or private kennels and animal shelters (with indoor or outdoor pet boarding) X C X X X X C X Residential, Lodging and Child Daycare Uses Existing single family home X X X X X X X P Townhome and multifamily dwelling as a primary use3,4 C C C C C C X C Residential as an accessory use, e.g., caretaker residences per Section 9.100.160 M M M M M M M M Child daycare facilities, centers and preschools as a principal use, subject to Section 9.100.240 (also see Accessory Uses) M M M M X M M M Senior group housing X X X X X X X M Rooming and boarding houses X X X X X X X M Single room occupancy (SRO) hotels, subject to Section 9.100.250 C X X X X X X X Emergency and homeless shelters and Low Barrier Navigation Centers P P P P P P P X Transitional and supportive housing for homeless persons or victims of domestic abuse C X X X X X C X Single-family residential X X X X X X X X Mixed-use projects subject to Section 9.110.120 P P P P P P X P RV rental parks and ownership/membership parks X X X X M X X X Resort residential, subject to Section 9.60.310 S X C X P X X P Hotels and motels P X P X P X X P Timeshare facilities, fractional ownership, subject to Section 9.60.280 P X P X P X X P Automotive, Automobile Uses5 Golf cart, neighborhood electric vehicle (NEV), P P P M X X X M 558 Created: 2022-03-25 11:00:34 [EST] (Supp. No. 2, Update 3) Page 27 of 71 and electric scooter sales Automobile service stations, with or without minimart subject to Section 9.100.230 C C C C X X X C Car washes M M M X X X X X Auto body repair and painting; transmission repair X C X X X X X X Auto repair specialty shops, providing minor auto maintenance: tire sales/service, muffler, brake, lube and tune-up services C C C X X X X X Auto and motorcycle sales and rentals M M X X X X X X Used vehicle sales, not associated with a new vehicle sales facility, as per Section 9.100.260 C C X X X X X X Truck, recreation vehicle and boat sales C C X X X X X Auto parts stores, with no repair or parts installation on the premises P P P P X X X P Auto or truck storage yards, not including dismantling X C X X X X X X Private parking lots/garages as a principal use subject to Chapter 9.150, Parking C C C X C C X C Warehousing and Heavy Commercial Uses5 Wholesaling/distribution centers, general warehouses with no sales to consumers C P X X X X X X Mini-storage X X6 X X X X X X Lumber yards, outdoor (see retail stores for indoor lumber sales) X M X X X X X X Pest control services M P X X X X X X Contractor offices, public utility and similar equipment/storage yards X M X X X X P X Central cleaning or laundry plants X X X X A X X X Industrial and Research Uses Indoor manufacture and assembly of components or finished products X P X X X X X X Research and development P P X X X X X X Recording studios M P X X X X X M Bottling plants X P X X X X X X Recycling centers as a primary use, collection and sorting only, subject to Section 9.100.190 X C X X X X C X Off-site hazardous waste facilities X C X X X X X X Accessory Uses and Structures Construction and guard offices, subject to Section 9.100.170 P P P P P P P P Portable outdoor vendor uses subject to M M M M M M M M 559 Created: 2022-03-25 11:00:34 [EST] (Supp. No. 2, Update 3) Page 28 of 71 Section 9.100.100 Swimming pools as an accessory use A A A A A A A A Indoor golf or tennis facilities as an accessory use A A A A A A A A Outdoor golf or tennis facilities as an accessory use M M M M M M M M Antennas and satellite dishes, subject to Section 9.100.070 A A A A A A A A Reverse vending machines and recycling dropoff bins, subject to Section 9.100.190 A A A A X X A M Incidental on-site products or services for employees or businesses, such as child day care, cafeterias and business support uses A A A A A A A A Other accessory uses and structures which are customarily associated with and subordinate to the principal use on the premises and are consistent with the purpose and intent of the zoning district, as determined by the director A A A A A A A A Temporary Uses Christmas tree sales, subject to Section 9.100.080 T T T T X X T T Halloween pumpkin sales, subject to Section 9.100.080 T T T T X X T T Stands selling fresh produce in season, subject to Section 9.100.090 T T T T X X T T Sidewalk sales, subject to Section 9.100.120 T T T T T T X T Temporary outdoor events, subject to Section 9.100.130 T T T T T T T T Use of relocatable building, subject to Section 9.100.180 T T T T T T T T Holiday period storage subject to Section 9.100.145 M M M M M M M M Other Uses Sexually oriented businesses, subject to Section 9.110.0807 C X X X X X X X Medical marijuana dispensaries X X X X X X X X Other uses not listed in this table: per Section 9.20.040, director or planning commission to determine whether use is permitted Notes: 1 Unless use is specifically listed elsewhere in this table. 2 With no consumption of alcohol on the premises. 3 If part of a mixed-use project per Section 9.140.090. 560 Created: 2022-03-25 11:00:34 [EST] (Supp. No. 2, Update 3) Page 29 of 71 4 If not part of a mixed use project: Subject to Section 9.30.070 (RH, High Density Residential District) for density. 5 Subject to Section 9.100.110, Outdoor storage and display. 6 Mini-storage warehousing operating on December 17, 2008 (the effective date of the ordinance codified in this section), are considered legal, conforming land uses. Existing facilities may be reconstructed if damaged, and may be modified or expanded within the boundaries of the lot on which they occur as of December 17, 2008 with approval of a site development permit. Any modification or expansion shall conform to the development standards for the commercial park zoning district contained in Chapter 9.90, Nonresidential Development Standards. 7 Property must also be located within the SOB (sexually oriented business) overlay district. (Ord. 584 § 2, 2020; Ord. 562 § 1, 2017; Ord. 550 § 1, 2016; Ord. 538 § 4, 2016; Ord. 523 § 1, 2015; Ord. 492 § 1, 2011; Ord. 480 § 1, 2010; Ord. 472 § 1, 2009; Ord. 471 § 2, 2009; Ord. 466 § 1, 2009; Ord. 449 § 1, 2007; Ord. 429 § 1, 2006; Ord. 414 § 1, 2005; Ord. 397 § 1, 2004; Ord. 325 § 1, 1998; Ord. 307 § 1, 1997; Ord. 299 § 1, 1997; Ord. 284 § 1, 1996) Chapter 9.100 SUPPLEMENTAL NONRESIDENTIAL REGULATIONS 9.100.280 Emergency and homeless shelters, Low Barrier Navigation Centers. A. Purpose. 1. To ensure the zoning code facilitates emergency and homeless shelters under the Housing Accountability Act (California Government Code Section 65589.5) and in accordance with the requirements set forth in California Government Code Section 65583, as amended. 2. To provide zoning, development, and management procedures for emergency and homeless shelters. 3. To implement the city's general plan housing element policies and programs relating to the provision of emergency and homeless shelters. B. Definitions. See Chapter 9.280. C. Development Standards. 1. The maximum capacity of an emergency or homeless shelter shall be twenty (20) beds or persons. 2. On site management and security shall be provided on a twenty-four (24)- hour/seven (7) day per week basis. 3. Residency in an emergency or homeless shelter shall be limited to six (6) months or less per individual. D. Low Barrier Navigation Centers: A Low Barrier Navigation Center development is a use by right in areas zoned for mixed use and nonresidential zones permitting multifamily uses, if it meets the following requirements: 1. It offers services to connect people to permanent housing through a services plan that identifies services staffing. 2. It is linked to a coordinated entry system, so that staff in the interim facility or staff who co-locate in the facility may conduct assessments and provide services to connect people to permanent housing. “Coordinated entry system” means a 561 Created: 2022-03-25 11:00:31 [EST] (Supp. No. 2, Update 3) Page 30 of 71 centralized or coordinated assessment system developed pursuant to Section 576.400(d) or Section 578.7(a)(8), as applicable, of Title 24 of the Code of Federal Regulations, as those sections read on January 1, 2020, and any related requirements, designed to coordinate program participant intake, assessment, and referrals. 3. It complies with Chapter 6.5 (commencing with Section 8255) of Division 8 of the Welfare and Institutions Code. 4. It has a system for entering information regarding client stays, client demographics, client income, and exit destination through the local Homeless Management Information System as defined by Section 578.3 of Title 24 of the Code of Federal Regulations. Chapter 9.110 SPECIAL PURPOSE/OVERLAY DISTRICTS 9.110.100 AHO Affordable Housing Overlay District. A. Purpose and Intent. 1. To permit the development of affordable housing at higher densities within commercial zones and other specified residential sites while maintaining consistency with underlying base land use designations. 2. To provide increased and enhanced housing opportunities for low and very low income residents. 3. To accommodate the city's regional housing need. 4. To encourage lot consolidation and maximize the housing potential of vacant and underutilized sites. 5. To provide mixed use nodes that minimize vehicle trips and enhance proximity to services and mass transit, consistent with implementation measures CI-13 and ND-4 of the city's greenhouse gas reduction plan, as well as transportation demand management principles. 6. To allow owner-occupied and rental multi-family residential units by right for developments with at least 20% of the units affordable to low, very low or extremely low income households at a density of at least 20 units per acre, and at least 16 units per site, consistent with Government Code Section 65583.2(h) and (i). B. Development Standards. See Table 9-9. In addition: 1. Density: Minimum 20 units per acre; maximum 36 units per acre. 2. Minimum livable floor area excluding garage shall be six hundred (600) square feet. 3. Minimum common area open space shall be thirty percent (30%). C. District Boundaries. The boundaries of the AHO overlay district shall include the CC, CP, CN, CR, and VC districts and other sites identified on the official zoning map. 562 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 31 of 71 (Ord. 577 § 1, 2019; Ord. 550 § 1, 2016; Ord. 512 § 1, 2013) 563 Created: 2022-03-25 11:00:31 [EST] (Supp. No. 2, Update 3) Page 32 of 71 Chapter 9.130 SPECIAL PURPOSE DEVELOPMENT STANDARDS 9.130.010 Table of development standards. Table 9-9 contains standards for development of property within special purpose districts: Table 9-9 Special Purpose District Development Standards District Development Standard PR GC OS FP HC EOD AHO A/ER MU Minimum building site n/a n/a n/a * 20,00 0 sf *** 1 acre 10,000 sf/20,00 0 sf multifa mily 1 acr e Minimum lot frontage n/a n/a n/a n/a 100 ft. n/a 100 100 n/ a Maximum structure height (ft.)1 28 28 28 * 28 *** 40 28 ** * Maximum lot coverage n/a n/a n/a n/a 30% n/a 60% 40% ** * Maximum number of stories 2 2 2 * 2 *** 4 2 ** * Minimum setbacks n/a n/a n/a n/a Front: 30 Int./E xt. Side: 10/20 Rear: 30 n/a Front: 10 Int./E xt. Side: 5/5 Rear: 10 Front: 30 Garage: 20 Side: 20 Rear: 30 ** * Minimu m perime ter buildin g/ landsca pe setbac ks (ft.)2, t4 From Highway 111 right- of-way 50/ 50 50/ 50 50/ 50 50/ 50 50/50 50/ 50 n/a *** ** * From perimeter street ROWs 30 30 30 * 10′ min, 20′ avera ge *** 10 20 ** * From all image corridor3 rights-of- 30/ 20 30/ 20 30/ 20 30/ 20 30/20 30/ 20 *** *** ** * 564 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 33 of 71 way (except Hwy 111) and from all major and primary arterials From abutting residential property or districts 30 30 30 * ** *** *** *** ** * From abutting commerci al and other nonreside ntial property or districts 20 20 20 * ** *** *** *** ** * Minimum setback from interior property lines within the same project4 0 0 0 * ** *** *** *** ** * Parking and signs See Chapters 9.150 and 9.160 Fences and walls See Section 9.100.030 Landscaping and screening See Sections 9.100.040 and 9.100.050 Notes: * As required for needed flood control structures. ** As provided in the HC supplemental regulations, Section 9.140.040. *** As provided in the underlying base district regulations, subject to the additional requirements of the overlay district in Chapter 9.140. 1 Not including basements. Also, notwithstanding above table, the maximum structure height equals 22 feet for all buildings within 150 feet of any General Plan image corridor and major or primary arterials. Any proposed building height over 22 feet requires minor use permit approval and shall not exceed a maximum building height of the existing zone. 2 Landscape setback shall consist of landscaped area within the building setback. Number given is minimum landscaped setback from the street right-of-way. The remaining building setback may contain parking, driveways and similar facilities. 3 The image corridors as identified in the General Plan. 565 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 34 of 71 4 In the AHO, for interior yards, 5 feet minimum plus 1 foot additional setback for every foot of building height above 28 feet, or fraction thereof, up to a maximum setback of 15 feet when said height above 17 feet is located between 5 and 10 feet from said side yard property line. If the building is over 28 feet in height, the setback is 10 feet plus 1 foot for every foot over 28 feet in height or fraction thereof, to a maximum setback of 15 feet The additional setback may be provided entirely at grade level or may be a combination of at grade and airspace above the 28-foot building height. ( Ord. 588 § 2(Exh. A), 2-2-2021; Ord. 550 § 1, 2016; Ord. 512 § 1, 2013; Ord. 445 § 4, 2007; Ord. 284 § 1, 1996) 566 Created: 2022-03-25 11:00:31 [EST] (Supp. No. 2, Update 3) Page 35 of 71 Chapter 9.140 SUPPLEMENTAL SPECIAL PURPOSE REGULATIONS 9.140.080 AHO affordable housing overlay regulations. A. Applicability. The AHO overlay district and the provisions of this section apply to all areas of the city containing the "AHO" overlay designation on the official zoning map. These include the CC, CP, NC, CR, and VC commercial zones, and other sites, as designated on the zoning map. These regulations shall apply in addition to the regulations of the underlying base district. In case of conflict between the base district and the AHO regulations, the AHO regulations shall control. B. Definitions. See Chapter 9.280. C. Permitted Uses. See Section 9.120.020. 1. Any use permitted, either expressly or by conditional use permit, in the underlying zone; 2. Affordable housing residential units on lots one (1) acre or greater in size, including those that are stand-alone, next to, and/or above nonresidential uses. D. Development Standards, All Residential Uses. See Section 9.130.010. (Ord. 577 § 1, 2019; Ord. 550 § 1, 2016; Ord. 512 § 1, 2013) 9.140.100 Agricultural/equestrian overlay. A. Permitted Uses. Table 9-10 Permitted Uses in the Agricultural/Equestrian Residential District LAND USE Residential Uses Single-family detached dwellings P Farmworker housing C Mobile home parks C Mobile home subdivisions and mobilehomes or manufactured homes on individual lots P Child daycare facilities as an accessory use, serving 8 or fewer children, subject to Section 9.60.190 A Child daycare facilities as an accessory use, serving 9—14 children, subject to Section 9.60.190 M Caretaker's residence P Open Space and Recreational Uses Public parks playfields and open space P Bicycle, equestrian and hiking trails P Tennis court or other game court as an accessory use associated with a private residence P 567 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 36 of 71 Tennis court or other game court for public use M Golf course and country club, with or without driving range P Driving range with or without lights C Accessory Uses and Structures Home occupations, subject to Section 9.60.110 H Patio covers, decks and gazebos, subject to Section 9.60.040 A Fences and walls, subject to Section 9.60.030 A Satellite dishes and other antennas subject to Section 9.60.080 A Swimming pools, spas and cabanas, subject to Section 9.60.070 A Guest houses, subject to Section 9.60.010 M A Second units, "granny flats" and employee quarters, subject to Section 9.60.090 M A Garages and carports, subject to Section 9.60.060 A Keeping of animals, subject to Section 9.60.120 A Equestrian and Agricultural Uses Stables, private P Stables, commercial or riding academy C Polo grounds, including stables, clubhouse C Veterinary offices and hospitals C The grazing and breeding of cattle, horses, llamas, or other farm stock or animals, not including hogs, not to exceed five animals per acre of all the land available P The grazing and breeding of sheep or goats, not to exceed 15 animals per acre of all land available P Farms for rabbits, fish, frogs, chinchilla or other small animals P Nurseries, greenhouses, orchards, aviaries, apiaries P Tree crop farming P Field crop or turf farming P Winery and incidental uses with established vineyard P Produce stands, subject to Section 9.100.100 P The drying, packing, canning, freezing and processing of produce resulting from permitted uses when such activity is conducted within permanent buildings and structures P Noncommercial raising of hogs, not to exceed two per acre P Community auctions and sales yards (2-acre minimum) C Feed stores C Kennels and catteries, 5 to 10 animals M Kennels and catteries, 10 to 25 animals on 1-acre minimum C Menageries C Commercial composting facilities C Other Uses Guest ranches and bed and breakfasts C Restaurants C 568 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 37 of 71 Fraternal lodge halls C Churches, temples and other places of worship C Schools C Libraries C Public utility facilities P Communication towers and equipment subject to Chapter 9.170 C B. Designation on Zoning Map. When the A/ER overlay district is used, the zoning designation on the official zoning map shall consist of the base district symbol followed by the overlay district symbol enclosed in parentheses. For example, RL (A/ER). C. Development Standards, Residential Uses. See Table 9-9. D. Development Standards, All Nonresidential Uses. 1. All buildings shall be limited to two (2) stories in height and a maximum of thirty- five (35) feet, measured from the finished Grade 6 of the pad. 2. Setbacks. The following minimum setbacks shall apply from the property line: Pasture: zero (0) feet Accessory buildings: twenty (20) feet Accessory structures: twenty (20) feet Manure storage: twenty-five (25) feet 3. Fencing. Properties containing one (1) or more uses may be fenced to a maximum of six (6) feet. Permitted fencing materials include chain link, cement block, wood, wrought iron or tubular steel. Razor wire or concertina wire is permitted for those uses listed under "Equestrian and Agriculture Uses" in Table 9-10. 4. Parking. Parking shall be provided as required by Chapter 9.150. 5. Lighting. All lighting shall comply with Sections 9.60.160 and 9.100.150. 6. Loudspeakers. Loudspeaker systems or other amplified sound are limited to operation or use between 8:00 a.m. and 10:00 p.m. unless otherwise specified by an approved conditional use permit. E. "Right to Farm" Intent and Policies. 1. Intent. It is the intent of the city to conserve, protect and encourage the development, improvement, and continued viability of its agricultural land and industries for the long-term production of food and other agricultural products, and for the economic well-being of the city's residents. It is also the intent of the city to balance the rights of farmers to produce food and other agricultural products with the rights of non-farmers who own, occupy, or use land within or adjacent to agricultural areas. It is the intent of this section is to reduce the loss to the area of its agricultural resources by limiting the circumstances under which agricultural operations may be deemed to constitute a nuisance. Nothing in this chapter shall be construed to limit the right of any owner of real property to request that the city consider a change in the zoning classification of his or her property in accordance with the procedures set forth in the La Quinta Development Code. 569 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 38 of 71 2. Policies. a. No agricultural activity, operation, or facility, or appurtenances thereof, in a manner consistent with proper and accepted customs and standards, as established and followed by similar agricultural operations in the same locality, shall be or become a nuisance, private or public, due to any changed condition in or about the locality, after the same has been in operation for more than three (3) years if it was not a nuisance at the time it began. b. This section shall not invalidate any provision contained in the Health and Safety Code, Fish and Game Code, Food and Agricultural Code, or Division 7 (commencing with Section 13000) of the Water Code of the State of California, if the agricultural activity, operation, or facility, or appurtenances thereof, constitutes a nuisance, public or private, as specifically defined or described in any such provision. 3. This section is not to be construed so as to modify abridge the state law set out in the California Civil Code relative to nuisances, but rather it is only to be utilized in the interpretation and enforcement of the provisions of county ordinances and regulations. F. Notice to Buyers of Land. 1. The director shall cause the following notice to be included on all tentative land division proposed that lies partly or wholly within, or within three hundred (300) feet of any land zoned for primarily agricultural purposes: Lot(s) No. _______, as shown on this map, is (are) located partly or wholly within, or within three hundred (300) feet of land zoned for primarily agricultural purposes by the County of Riverside and the City of La Quinta. It is the declared policy of the City of La Quinta that no agricultural activity, operation, or facility, or appurtenances thereof, conducted or maintained for commercial purposes in the city, and in a manner consistent with proper and accepted customs and standards, as established and followed by similar agricultural operations in the same locality, shall be or become a nuisance, private or public, due to any changed condition in or about the locality, after the same has been in operation for more than three (3) years, if it was not a nuisance at the time it began. The term "agriculture activity, operation, or facility, or appurtenances thereof" includes all uses permitted in the Agricultural Overlay District, and includes, but is not limited to, equestrian activities, the cultivation and tillage of the soil, dairying, the production, cultivation, growing, and harvesting of any agricultural commodity, including timber, viticulture, apiculture, or horticulture, the raising of livestock, for bearing animals, fish, or poultry, and any practices performed by a farmer or on a farm as incident to or in conjunction with such farming operations, including preparation for market, delivery to storage or to market, or to carriers for transportation to market. 2. The city engineer shall cause the notice described in paragraph 1 of this subsection to be included on any final land division proposed for recordation that lies partly or wholly within, or within three hundred (300) feet of, any land zoned for primarily agricultural purposes. G. Preservation of Agricultural Land Uses in Perpetuity. Any land owner wishing to continue a land use listed in Table 9-10, Permitted Uses in the Agricultural/Equestrian 570 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 39 of 71 Residential District, may, at any time, exercise his or her rights under Chapter 9.190, Transfer of Development Rights. (Ord. 550 § 1, 2016; Ord. 489 § 1, 2011; Ord. 368 § 1, 2002) Chapter 9.150 PARKING 9.150.070 Spaces required by use. A. Land Uses Not Listed. If no provisions for the required number of off-street parking spaces are set forth in Tables 9-11 or 9-12 of this section or the provisions are not clear for a specific use, the decision-making authority for the applicable use or project shall determine the number of parking spaces required. B. Parking for Residential Land Uses. Table 9-11 contains the minimum number of parking spaces required for each type of residential land use. Whenever any commercial or industrial use is located on a building site that is also used for residential purposes, parking facilities shall be provided in conformance with Section 9.150.070 (Shared Parking). C. Parking for Nonresidential Land Uses. 1. Adequate Parking Required. All nonresidential land uses shall provide off-street parking in compliance with this subsection and with Table 9-12 unless modified by the provisions contained in Section 9.150.050. Table 9-12 sets forth the minimum and maximum requirements for each use. It shall be the responsibility of the developer, owner or operator of any use to provide adequate off-street parking. 2. Bicycle Parking. In addition to the automobile parking spaces required per Table 9- 12, bicycle parking shall be provided for certain nonresidential uses in accordance with subsection (C)(3) of this section. Table 9-11 Parking for Residential Land Uses Land Use Minimum Off-Street Parking Requirement Additional Requirements Single-family detached, single-family attached and duplexes 2 spaces per unit in a garage plus 0.5 guest spaces per unit if no on- street parking is available For all single-family residential zones except RC, parking in excess of the minimum required may be tandem In a garage, tandem parking may be used to meet the above-stated minimum required parking in the RC district only Employee quarters 1 space per unit. This space shall not be tandem. 571 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 40 of 71 Apartments, townhomes and condominiums: All parking spaces shall be distributed throughout the site to ensure reasonable access to all units. (1) Studio 1 covered space per unit, plus 0.5 guest spaces per unit (2) One- and two- bedroom 2 covered spaces per unit plus 0.5 guest spaces per unit (3) Three or more bedroom 3 covered spaces per unit plus 0.5 covered spaces per each bedroom over three, plus 0.5 guest spaces per unit Mobilehome parks 2 covered spaces/unit, which may be in tandem, plus 0.5 guest spaces per unit Senior housing (excluding single family units) 1 covered space per unit, plus 0.5 guest spaces per unit Senior group housing/senior citizen hotels and congregate care facilities 0.5 covered spaces per unit plus 0.5 guest spaces per unit Lodging and Child Daycare Uses Bed and breakfast inns 1 space per guest room plus parking for residents as required by this code. Boardinghouse, roominghouse, and single room occupancy hotels 1 space per sleeping room Child daycare centers, including preschools and nursery schools 1 space per staff member plus 1 space per 5 children. Parking credit may be given if queuing area for more than 4 cars is provided, but resulting parking shall be not less than 1 per staff member plus 1 per 10 children Stacking analysis may be required to define a drop- off facility that accommodates at least 4 cars in a continuous flow, preferably one-way, to safely load and unload children Recreational vehicle parks 1 automobile parking space on each recreational vehicle lot plus 1 space per 20 recreational lots for visitors 572 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 41 of 71 Table 9-12 Parking for Nonresidential Land Uses Land Use Minimum Off- Street Parking Requirement Maximum Off- Street Parking Requirement Additional Requirements Commercial Uses Bars and cocktail lounges 1 space per 50 sq. ft. GFA including indoor/outdoor seating areas (see also Restaurants) 1 space per 25 sq. ft. GFA including indoor/outdoor seating areas (see also Restaurants) Lumberyards and nurseries 1 space per 1,000 sq. ft. GFA indoor area, plus 1 space per 1,000 sq. ft. of outdoor display or sale area 1 space per 500 sq. ft. GFA indoor area, plus 1 space per 1,000 sq. ft. of outdoor display or sale area Model home complexes 10 spaces N/A Personal service establishments 3 spaces per 1,000 s.f. 4 spaces per 1,000 s.f. Restaurants: (1) Conventional sit- down, including any bar area 1 space per 125 sq. ft. GFA including indoor and outdoor seating areas 1 space per 75 sq. ft. GFA including indoor and outdoor seating areas (2) Drive-through and fast food 1 space per 100 sq. ft. GFA, including indoor and outdoor seating areas, but not less than 10 spaces. N/A (1) General retail uses under 100,000 sq. ft. GFA 1 space per 300 sq. ft. GFA 1 space per 250 sq. ft. GFA For shopping centers, freestanding restaurants and (2) General retail 1 space per 350 1 space per 300 573 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 42 of 71 uses 100,000 sq. ft. GFA and greater sq. ft. GFA sq. ft. GFA non- freestanding restaurant space in excess of 20% of the total shopping center GFA shall be computed separately using the applicable restaurant parking ratio(s) Furniture and appliance stores 1 space per 1000 sq. ft. GFA 1 space per 750 sq. ft. GFA Warehouses, storage buildings or structures used exclusively for storage 1 space per 2,000 sq. ft. of gross area for storage purposes 1 space per 1,000 sq. ft. of gross area for storage purposes Mini-storage facilities 1 space per 5,000 sq. ft. plus 2 spaces for any caretaker's unit N/A Office and Health Care Uses Convalescent hospitals, nursing homes, children's homes and sanitariums 1 space per 4 beds based on the resident capacity of the facility as listed on the required license or permit Minimum 30% of required spaces shall be covered by a trellis or carport structure See also senior group housing (senior citizen hotels) under residential uses General offices, other than medical, dental, banks, savings and loans, credit unions and similar financial 1 space per 300 sq. ft. GFA 1 space per 250 sq. ft. GFA Minimum 30% of required spaces shall be covered by a trellis or carport structure Rates 574 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 43 of 71 institutions are for office uses only. If ancillary uses are included, such as restaurants or retail establishments, parking for such uses must be provided per their applicable rates Hospitals 1.75 spaces per bed Medical or dental offices/clinics 1 space per 200 sq. ft. GFA 1 space per 175 sq. ft. GFA Minimum 30% of required spaces shall be covered by a trellis or carport structure Veterinary hospitals and clinics 1 space per 400 sq. ft. GFA exclusive of overnight boarding areas 1 space per 300 sq. ft. GFA exclusive of overnight boarding areas Automotive Uses Automobile repair facilities 1 space per 250 sq. ft. of sales area 1 space per 200 sq. ft. of sales area, plus 2 spaces per service bay Automobile Fueling: N/A (1) Without retail sale of beverage and food items 1 space per 500 sq. ft. GFA (2) With retail sale of beverage and food items 1 space per 400 sq. ft. GFA Automobile, truck, boat, and similar 1 space per 500 sq. ft. GFA (not N/A Parking is for customers and 575 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 44 of 71 vehicle sales or rental establishments including service bays), plus 1 space per service bay employees, and is not to be used for display. Car washes: N/A Applicant may be required to submit a parking study which includes a stacking analysis for the proposed facility (1) Full-service 10 spaces (vacuuming or drying areas shall not be counted as parking spaces) (2) Express-service 2 spaces per facility (wash bays shall not be counted as parking spaces) Industrial Uses General manufacturing, research and development and industrial uses 1 space per 500 sq. ft. GFA N/A Warehousing and distribution space 1 space per 1,000 sq. ft. GFA N/A Assembly Uses Auditoriums, theaters, cinemas 1 space per 3 seats 1 space per 2.5 seats 18 lineal inches of bench shall be considered 1 fixed seat. Churches, temples and similar places of assembly 1 space per 5 seats of assembly area 1 space per 3 seats of assembly area 18 lineal inches of bench shall be considered 1 fixed seat. Parking will be required at the same rate for other auditoriums, assembly halls or classrooms to 576 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 45 of 71 be used concurrently with the main auditorium Nightclubs, dancehalls, lodge halls and union halls 1 space per 50 sq. ft. GFA, plus required parking for other uses on the site 1 space per 35 sq. ft. GFA, plus required parking for other uses on the site Mortuaries and funeral homes 1 space for every 5 seats of assembly room floor area 1 space for every 3 seats of assembly room floor area, plus 1 space for each vehicle stored onsite, plus 5 spaces for employees Community centers 1 space per 300 sq. ft. GFA 1 space per 200 sq. ft. GFA Lodging and Child Daycare Uses Daycare centers, including preschools and nursery schools 1 space per 300 sq. ft. GFA, plus 1.5 spaces per employee 1 space per 250 sq. ft. GFA, plus 1.5 spaces per employee Stacking analysis shall be required to define a drop-off facility that accommodates safely loading and unloading children Hotels & motels 1.3 spaces per guest bedroom plus required parking for other uses on the site 1.1 spaces per guest bedroom plus required parking for other uses on the site Timeshare facilities, fractional ownership and similar facilities 1.5 spaces per dwelling or guest unit plus required parking for other uses on the site 1.3 spaces per dwelling or guest unit plus required parking for other uses on the site Recreational Uses 577 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 46 of 71 Arcade, game and video 1 space per 200 sq. ft. GFA Billiard or pool establishments 1 space per 150 sq. ft. GFA 1 space per 100 sq. ft. GFA Bowling alleys 4 spaces per alley plus required parking for other uses on the site 5 spaces per alley plus required parking for other uses on the site Golf uses: N/A (1) Driving ranges 1 space per tee, plus the spaces required for additional uses on the site (2) Pitch and putt, par three and miniature golf courses 3 spaces per hole, plus the spaces required for additional uses on the site (3) Regulation courses 5 spaces per hole, plus the spaces required for additional uses on the site 8 spaces per hole, plus the spaces required for additional uses on the site Tennis courts, handball/racquetball, and other court- based facilities 3 spaces per court 4 spaces per court Health clubs, membership gyms and commercial swimming pools 1 space per 200 sq. ft. GFA (for purposes of this use, swimming pool area shall be counted as floor area) 1 space per 150 sq. ft. GFA (for purposes of this use, swimming pool area shall be counted as floor area) Libraries/museums 1 space per 300 sq. ft. GFA 1 space per 200 sq. ft. GFA Shooting ranges 1 space per shooting station plus 5 spaces for 578 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 47 of 71 employees Skating rinks, ice or roller 1 space per 250 sq. ft. GFA 1 space per 200 sq. ft. GFA Stables, commercial 1 space per each 5 horses kept on the premises 1 space per each 4 horses kept on the premises Public and Semipublic Uses Public utility facilities not having business offices on the premises, such as electric, gas, water, telephone facilities 1 space per employee plus 1 space per vehicle used in connection with the facility N/A Schools: N/A (1) Elementary and junior high or middle schools 2 spaces per classroom (2) Senior high schools 10 spaces per classroom (3) Colleges, universities and institutions of higher learning 20 spaces per classroom (4) Trade schools, business colleges and commercial schools 20 spaces per classroom Emergency and Homeless Shelters, Low Barrier Navigation Centers 1 space per employee. 3. Required Bicycle Parking. Bicycle parking shall be provided for certain nonresidential uses in order to encourage the use of bicycles and to mitigate motor vehicle pollution and congestion. The minimum bicycle parking requirements for nonresidential uses are as follows: a. Land uses required to provide bicycle parking equal to minimum three percent (3%) of the total parking spaces required per Table 9-12 include: video arcades, bowling alleys, cinemas/movie theaters, commercial recreation, tennis clubs, health clubs, libraries, schools, and skating rinks. b. Land uses required to provide a minimum of five (5) bicycle parking spaces include: churches, clubs/halls, hospitals and restaurants (all categories). 579 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 48 of 71 c. Land uses required to provide a minimum of one (1) bicycle parking for every twenty-five thousand (25,000) square feet of gross floor area include governmental, general, medical and financial office uses. d. In addition to the requirements of subsections (C)(2)(a) through (c) of this section, retail centers shall provide five (5) bicycle parking spaces for each tenant having over twenty thousand (20,000) square feet of gross floor area. The spaces shall be provided at or near the major tenant's main entry. e. Bike racks shall be placed in shaded locations, out of the way of pedestrian flows and shopping cart storage and shall be provided with a mechanism which permits locking a bicycle onto the rack. (Ord. 550 § 1, 2016; Ord. 528 § 3, 2016; Ord. 505 § 1, 2012; Ord. 361 § 1, 2001; Ord. 325 § 1, 1998; Ord. 284 § 1, 1996) Chapter 9.280 DEFINITIONS 9.280.030 Definition of terms. "Abandoned" means a structure or use, the development or operation of which has been ceased or suspended. "Abutting" or "adjacent" means two (2) or more parcels sharing a common boundary at one (1) or more points. "Access/egress" means provision for entering a site from a roadway and exiting a site onto a roadway via motorized vehicle. "Accessory building or structure" means a building or structure, the use of which is subordinate and incidental to the main building or use on the same building site. As it pertains to Section 9.140.060, Equestrian overlay district, "accessory building" means any building subordinate to a permitted or conditionally permitted equestrian use, including, but not limited to, hay and tack barns, stables and other structures and uses customarily appurtenant to the primary permitted use. Also pertaining to Section 9.140.060, Equestrian overlay district, "accessory structure" means any structure subordinate to a permitted or conditionally permitted equestrian use, including, but not limited to, arenas, grandstand seating, corrals, exercise rings, and other structures associated with the permitted use. Fences are not considered structures for the purposes of this section. "Accessory use" means a land use subordinate and incidental to the principal use on the same building site. "Actual construction" means the actual placing of construction materials in their permanent position fastened in a permanent manner except that where a basement is being excavated, such excavation shall be deemed to be actual construction, or where demolishing or removal of an existing building or structure has begun, such demolition or removal shall be deemed to be actual construction, providing in all cases that actual construction work be diligently carried on until the completion of the entire building or structure involved. "Administrative office" means a place of business for the rendering of service or general administration, but not including retail sales. 580 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 49 of 71 Adult Business, Adult Entertainment Business or Adult Oriented Business. See Sexually oriented businesses, Chapter 5.80 of the municipal code. Advertising Device or Display. See sign definitions, Section 9.160.130. "Affordable housing cost" bears the same meaning as defined in Section 50052.5 of the California Health and Safety Code. "Affordable housing unit" means a dwelling unit within a housing development which will be rented or sold to and reserved for very low income households, lower income households, moderate income households (where qualified) and/or senior citizens at an affordable housing cost for the respective group(s) in accordance with Section 65915 of the California Government Code and Section 9.60.260 of this code. "Affordable rent" means that level of rent defined in Section 50053 of the California Health and Safety Code. "Agricultural activity, operation, or facility, or appurtenances thereof" includes all uses allowed under the agricultural overlay district, including, but be limited to, the cultivation and tillage of the soil, dairying, the production, cultivation, growing, and harvesting of any agricultural commodity, including timber viticulture, apiculture, or horticulture, the raising of livestock, fur bearing animals, fish, or poultry, and any practices performed by a farmer or on a farm as incident to or in conjunction with such farming operations, including preparation for market, delivery to storage or to market, or to carriers for transportation to market. "Alley" means a secondary means of access to abutting property located at the rear or side of the property. "Alteration" means any physical change in the internal or external composition of a building or other structure. Animal Hospital or Animal Clinic. See "Veterinary clinic." "Antenna" means a device for transmitting or receiving radio, television, satellite, microwave or any other transmitted signal. "Apartment" means a dwelling unit within an apartment building designed and used for occupancy by one (1) family on a rental basis. "Apartment building" or "apartment project" means a building or group of buildings in a single ownership with three (3) or more dwelling units per building and with most or all units occupied on a rental basis. Area, Project Net. See "Project net area." "Arena" means an enclosure physically similar to a corral, designed and constructed so as to be used for conducting equine-related entertainment and events open to the public, including, but not limited to, rodeos, polo matches, riding shows and exhibitions, etc. "Attached structures" means two (2) or more structures which are physically connected with a wall, roof, deck, floor, bearing or support structures, trellises, architectural features or any other structure, fixture or device that exceeds thirty (30) inches in height above the finished grade. Attached Dwelling or Attached Residential. See "Dwelling, attached." "Automobile repair specialty shop" means a retail and service place of business engaged primarily in light repair and sale of goods and services for motor vehicles, including brake, 581 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 50 of 71 muffler and tire shops and their accessory uses. Heavier automobile repair such as major body and paint work, transmission repair, or engine repair are not included in this definition. "Automobile service station" means a retail place of business engaged primarily in the sale of motor fuels and supplying those incidental goods and services which are required in the day-to-day operation of motor vehicles. "Automobile wrecking" or "automobile dismantling" means the storage or taking apart of damaged or wrecked vehicles or the sale of such vehicles or their parts. "Awning" means a roof-like cover that is attached to and projects from the wall of a building for the purpose of decoration and/or providing shielding from the elements. "Bar and cocktail lounge" means an establishment whose primary activity is the service of alcohol, beer or wine. "Basement" means a habitable building level which is partly or completely underground. A basement shall be counted as a building story if more than five (5) feet of the height of any portion is above adjoining finish grade. "Bed and breakfast" means a residential dwelling occupied by a resident, person, or family, containing individual living quarters occupied for a transient basis for compensation and in which a breakfast may be provided to guests. The breakfast provided shall not constitute a restaurant operation and may not be provided to persons other than guests of the inn. "Bedroom" means any habitable room that may be used for sleeping purposes other than a kitchen, bathroom, hallway, dining room or living room. "Berm" means a mound or embankment of earth. Billboard. See sign definitions, Section 9.160.130. "Boardinghouse" means any building or portion thereof with access provided through a common entrance to guest rooms having no cooking facilities. Guest rooms are rented on a monthly basis or longer and meals are provided. "Buildable area" means the portion of a building site remaining after deducting all required setbacks and meeting any requirements regarding maximum lot coverage or minimum open area. "Building" means an enclosed structure having a roof supported by columns or walls. "Building height" means the height of a building relative to the surrounding ground area. Measurement of maximum building height is defined in Sections 9.50.050 and 9.90.010. Building, Main. "Main building" means the building containing the main or principal use of the premises. Building, Relocatable. "Relocatable building" means a building which is not placed on a permanent foundation and is designed to be movable from one (1) location to another without the need for a special permit such as that required to move a conventional house. Relocatable buildings include, but are not limited to, mobilehomes, construction trailers, and modular buildings. "Building site" means a parcel or contiguous parcels of land established in compliance with the development standards for the applicable zoning district and the city's subdivision code. "Building site area" means the horizontal area within a building site expressed in square feet, acres or other area measurement. 582 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 51 of 71 Building Site Coverage. See "Lot coverage." Building Site, Panhandle or Flag. See "Lot" definitions. Building Site, Through. "Through building site" means a building site having frontage on two (2) parallel or approximately parallel streets. See "Through lot." Business Park. See "Industrial park." "CEQA" means the California Environmental Quality Act. "Caretaker" means a person who lives on the premises for the purposes of managing, operating, maintaining or guarding the principal use or uses permitted on the premises. "Caretaker residence" means a residential unit not exceeding one thousand (1,000) square feet, which is not the principal use on the property, to be occupied by a caretaker or watchman who is responsible for the security of the principal use of the property. "Carport" means a roofed structure or a portion of a building which is open on two (2) or more sides for the parking of automobiles belonging to the occupants of the property. "Cattery" means any building, structure, enclosure or premises within which five (5) or more cats are kept or maintained primarily for financial profit for the purpose of boarding, breeding, training, marketing, hire or any other similar purpose. "Cellar" means a nonhabitable building level which: (1) has more than one-half of its height below the adjoining finish grade at all points; and (2) has a floor area no more than one- half (½) that of the floor immediately above. A cellar is not counted as a building story. "Certificate of occupancy" or "certificate of use and occupancy" means a permit issued by the city prior to occupancy of a structure or the establishment of a land use to assure that the structure or parcel is ready for occupancy or use and that all ordinance requirements and project conditions of approval are fulfilled. "Child day care center" or "preschool" means a child day care facility operated by a person, corporation or association used primarily for the provision of daytime care, training or education of children at any location other than their normal place of residence. The maximum number of children accommodated is determined by state licensing provisions and city use permit conditions. "Child day care facility" means, consistent with Section 1596.750 of the State Health and Safety Code, a facility which provides nonmedical care to children under eighteen (18) years of age in need of personal services, supervision, or assistance essential for sustaining the activities of daily living or for the protection of the individual on less than a twenty-four (24)-hour basis. Child day care facility includes both child day care centers and child day care homes. "Child day care home" or "family day care home" means, consistent with Section 1596.78 of the State Health and Safety Code: 1. "Family day care home" means a home that regularly provides care, protection, and supervision for fourteen (14) or fewer children, in the provider's own home, for periods of less than twenty-four (24) hours per day, while the parents or guardians are away, and is either a large family day care home or a small family day care home. 583 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 52 of 71 2. "Large family day care home" means a home that provides family day care for seven (7) to fourteen (14) children, inclusive, including children under the age of ten (10) years who reside at the home. 3. "Small family day care home" means a home that provides family day care for eight (8) or fewer children, including children under the age of ten (10) years who reside at the home. "City" means the city of La Quinta. "City council" means the city council of the city of La Quinta. "Cleaning plant" or "laundry plant" means a central processing facility for dry cleaning or laundering of clothing and fabrics collected from and returned to patrons and dry cleaning and laundry agencies. Clinic, Medical. "Medical clinic" means an organization of medical doctors providing physical or mental health service and medical or surgical care of the sick or injured, but not including inpatient or overnight care. "Club" means an association of persons for some common purpose, but not including organizations which provide goods or services and which are customarily carried on as businesses. "Code" means this zoning code unless another code, ordinance or law is specified. "Commercial" means operated or conducted on a frequent basis for the purpose of financial gain. "Commercial filming" means the production of still or moving pictures on public property. Commercial Center. See "Shopping center." "Commercial recreation" means any use or activity where the primary intent is to provide amusement, pleasure or sport but which is operated for financial gain. It includes establishments where food and beverages are sold as a secondary or ancillary use, but does not include restaurants, nightclubs and cocktail lounges. "Commercial stable" means any facility specifically designed or used for the stabling of equine animals not owned by the residents of the subject property, for purposes such as on- site breeding, boarding, training, riding or other recreational use as a commercial service to the owners of said animals. "Commercial vehicle" means a vehicle customarily used as part of a business for the transportation of goods or people. "Commission" means the planning commission of the city unless another commission is indicated. "Common interest development" bears the same meaning as defined in Section 1351 of the California Civil Code. "Community apartment project" means a project in which an undivided interest in the land is coupled with the right of exclusive occupancy of any apartment located thereon. "Community auction and sales yard" means a facility which periodically holds auctions of farm equipment, fixtures and other related materials in an enclosed building. Community Care Facility. See "Residential care facility." 584 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 53 of 71 "Community center" means a non-commercial use established for the benefit and service of the population of the community in which it is located, including senior centers. Conditional Use Permit. See "Use permit." "Condominium" means, consistent with Section 1351 of the State Civil Code, an undivided interest in common in a portion of real property coupled with a separate interest in space in a residential, industrial or commercial building on such real property, such as an office or store or multifamily dwelling. A condominium may include, in addition, a separate interest in other portions of such real property. "Condominium hotel" means a "hotel" or "group hotel" all or part of which constitutes a condominium project in which one (1) or more of the units are individually owned, but are intended to be available for "transient" use (as those terms are defined in Section 3.24.020 of the La Quinta Municipal Code), when not being used by the unit owner. See also "First class condominium hotel." "Congregate care facility" means a facility providing care on a monthly basis or longer and which is the primary residence of the people it serves. It provides services to the residents such as the following: dining, housekeeping, security, medical, transportation and recreation. Any commercial services provided are for the exclusive use of the occupants of the facility. Such a facility may be located in more than one (1) building and on contiguous parcels within the building site. "Congregate living facility" means a single family residential facility which is licensed by the state to provide living and treatment facilities on a monthly or longer basis for six (6) or fewer developmentally disabled persons or six (6) or fewer persons undergoing treatment for alcohol or drug abuse and which is permitted in single-family residences by operation of state law. (See also "Residential care facility.") "Convalescent home" or "convalescent hospital" means a facility licensed by the State Department of Health Services which provides bed and ambulatory care for more than six (6) patients with postoperative convalescent, chronic illness or dietary problems and persons unable to care for themselves, including persons undergoing psychiatric care and treatment both as inpatients and outpatients, but not including persons with contagious diseases or afflictions. A convalescent home may also be known as a nursing home, convalescent hospital, rest home or home for the aged. "Conversion project" means an apartment house or multiple or group dwelling which is existing, under construction or for which building permits have been issued, and which is proposed for conversion to a residential condominium, community apartment, residential stock cooperative or planned development. Corner Lot. See definitions under "Lot." "Corral" means an enclosure designed for use as an open holding area for horses for the purpose of confinement within that area for an indeterminate period of time. "Cottage food operation" means an enterprise wherein an individual prepares and packages non-potentially hazardous foods in a primary residential dwelling unit, which serves as his or her private residence, said foods being for the direct and/or indirect sale to consumers, and that does not have more than one (1) full-time equivalent employee, and generates not more than: (1) thirty-five thousand ($35,000.00) dollars in gross annual sales in 2013; (2) forty-five thousand ($45,000.00) dollars in gross annual sales in 2014; (3) fifty thousand dollars ($50,000.00) in gross annual sales in 2015 and beyond as identified in California Health and Safety Code Section 113758. 585 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 54 of 71 "County" means the county of Riverside unless another county is indicated. Day Care Center. See "Child day care center." "Decision-making authority" or "decision-making body" means a person or group of persons charged with making decisions on proposals, applications, or other items brought before the city. "Density" means the number of dwelling units per gross acre, unless another area measurement is specified. "Density bonus" means a density increase over the otherwise maximum allowable residential density under the applicable zoning ordinance and land use element of the general plan as of the date of application by the applicant to the city. "Detached building or structure" means a building or other structure that does not have a wall or roof in common with any other building or structure. "Development" means, on land or in or under water: the placement or erection of any solid material or structure; discharge or disposal of any dredged material or of any gaseous, liquid, solid or thermal waste; grading, removing, dredging, mining or extraction of any materials; change in the density or intensity of use of land, including, but not limited to, subdivision pursuant to the Subdivision Map Act, and any other division of land, including lot splits, except where the land division is brought about in connection with the purchase of such land by a public agency for public recreational use; change in the intensity of use of water, or of access thereto; construction, reconstruction, demolition or alteration of the size of any structure, including any facility of any private, public or municipal utility; and the removal or harvesting of major vegetation other than for agricultural purposes. "Development standard" means site or construction conditions that apply to a housing development pursuant to any ordinance, general plan element, specific plan, charter amendment, or other local condition, law, policy, resolution, or regulation. "Director" or "planning director" means the city manager or designee. District. See "Zoning district." District, Nonresidential. See "Nonresidential district." District, Residential. See "Residential district." District, Special Purpose. See "Special purpose district." "Downtown village directional sign panel" means an interchangeable sign panel which does not require a sign permit, mounted on a monument base structure. The sign panels list businesses in the Village commercial zoning district. "Drive-in" or "drive-through" means designed or operated so as to enable persons to receive a service or purchase or consume goods while remaining within a motor vehicle. "Driveway" means a vehicular passageway providing access from a public or private street to a structure or parking area or, in the case of residences, to a garage, carport, or legal parking space. A driveway is not a street. "Driveway approach" means a designated area between the curb or traveled way of a street and the street right-of-way line that provides vehicular access to abutting properties. When vehicular access to a building site is provided by way of a common driveway, the driveway approach is the line of intersection where the individual driveway abuts the common driveway. 586 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 55 of 71 "Duplex" means a permanent building containing two (2) dwelling units on a single lot. "Dwelling" means a building or portion thereof designed and used for residential occupancy, but not including hotels or motels. Dwelling, Attached. "Attached dwelling" means a main dwelling unit attached to one (1) or more other main dwelling units by means of a roof or interior wall. Dwelling, Main or Primary Residence. "Main dwelling or primary residence" means the dwelling unit permitted as the principal use of a parcel or building site, either by itself or with other dwelling units (as in multifamily buildings). Dwelling, Multifamily. "Multifamily dwelling" means a building containing three (3) or more dwelling units on a single parcel or building site. Dwelling, Patio Home. "Patio home dwelling" means a single-family detached dwelling shifted to one (1) side of the lot, i.e., placed on the lot so that one (1) side setback is zero (0) or nearly zero (0) and the other side setback is larger than if both side setbacks were approximately equal. Dwelling, Single-Family. "Single-family dwelling" means one (1) main dwelling unit on a single parcel or building site. Dwelling, Single-Family Attached. "Single-family attached dwelling" means a main dwelling unit attached to one (1) other main dwelling unit by means of a roof and/or interior wall, with each dwelling unit occupying its own lot. Dwelling, Single-Family Detached. "Single-family detached dwelling" means a main dwelling unit not attached to any other main dwelling unit. Dwelling, Townhome. "Townhome dwelling" means a main dwelling unit attached typically to two (2) or more other main dwelling units by means of a roof and/or interior wall, with each dwelling unit occupying its own lot. "Dwelling unit" means one (1) or more rooms, including a bathroom and kitchen, designed and used for occupancy by one (1) family for living and sleeping purposes. Dwelling Unit, Second. See "Second unit." "Easement" means a recorded right or interest in the land of another which entitles the holder thereof to some use, privilege or benefit in, on, over or under such land. "Educational institution" means a private or public elementary or secondary school, college or university qualified to give general academic instruction equivalent to the standards prescribed by the state board of education. "Elevation" means the vertical distance above sea level. "Emergency shelter" means housing with services for homeless persons that is limited to occupancy of six (6) months or less by a homeless person. Low Barrier Navigation Centers are also included in this definition. No individual or household may be denied emergency shelter because of an inability to pay. "Employee's quarters" means quarters, which may include full bathroom and/or kitchen or cooking facilities,, for the housing of domestic employees and located upon the same building site occupied by their employer. "Enclosed" means roofed and contained on all sides by walls which are pierced only by windows, vents or customary entrances and exits. 587 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 56 of 71 "Environmental review" means all actions and procedures required of the city and of applicants by the California Environmental Quality Act ("CEQA," State Public Resources Code Section 21000 et seq.), the CEQA Guidelines (Public Resources Code Section 15000 et seq.) and local environmental procedures. "Exception" means a city-approved deviation from a development standard based on the following types of findings by the decision-making authority: 1. General finding such as that notwithstanding the exception, the resulting project will still be consistent with the goals and/or policies underlying the development standard; and 2. One (1) or more specific findings justifying the particular exception requested. "Family" means one (1) or more persons occupying one (1) dwelling unit. The word "family" includes the occupants of congregate living and residential care facilities, as defined herein, serving six (6) or fewer persons which are permitted or licensed by the state. The word "family" does not include occupants of a fraternity, sorority, boardinghouse, lodginghouse, club or motel. Family Day Care Home. See "Child day care home." "Farm" means a parcel of land devoted to agricultural uses where the principal use is the propagation, care and maintenance of viable plant and animal products for commercial purposes. "Farmworker housing" means any building or group of buildings where six (6) or more farm employees are housed. "First class condominium hotel" means a condominium hotel where both of the following apply: 1. The condominium hotel has a brand operator or an independent operator that is experienced in the upscale segment or luxury segment of the hospitality industry as defined by J.D. Power and Associates; and 2. The condominium hotel satisfies the published requirements that will be sufficient for a ranking of no fewer than three (3) stars in the most recent annual awards list published from time to time by AAA Travel Guides or by the Mobil Travel Guide. Flag. See sign definitions, Section 9.160.130. Flag Lot or Panhandle Lot. See definitions under "Lot." "Flood" means a general and temporary condition of partial or complete inundation of land areas from the overflow of inland and tidal waters, the rapid accumulation of runoff of surface waters from any source, or mudslides (i.e., mudflows) which are proximately caused or precipitated by accumulations of water on or under the ground. "Flood insurance rate map (FIRM)" or "flood boundary and floodway map" mean the official maps provided by the Federal Emergency Management Agency (FEMA) which delineate the areas of special flood hazard, the risk premium zones and the floodways applicable to the city. "Floodplain" means the land area adjacent to a watercourse and other land areas susceptible to being inundated by water. 588 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 57 of 71 "Floodproofing" means any combination of structural and nonstructural additions, changes or adjustments to structures which reduce or eliminate flood damage to real estate or improved real property, water and sanitary facilities, structures and their contents. "Floodway" means the channel of a river or other watercourse and that part of the floodplain reasonably required to discharge the base flood without cumulatively increasing the water surface elevation more than one (1) foot. Floor Area, Gross. See "Gross floor area." Floor Area, Livable. See "Livable floor area." "Floor area ratio" means the numerical value obtained by dividing the gross floor area of all buildings, except parking structures, located on a building site by the building site area. "Fraternity house" or "sorority house" means a building or portion of a building occupied by a chapter of a regularly organized college fraternity or sorority officially recognized by an educational institution. Freestanding Sign. See sign definitions, Section 9.160.130. Front Lot Line. See definitions under "Lot line." "Garage" means a building or portion of a building used primarily for the parking of motor vehicles. Gas Station or Service Station. See "Automobile service station." "General plan" means the general plan of the city of La Quinta. "Government code" means the California Government Code. Grade, Average. "Average grade" means the elevation determined by averaging the highest and lowest elevations of a parcel, building site or other defined area of land. Grade, Average Finish. "Average finish grade" means the elevation determined by averaging the highest and lowest elevations of a parcel, building site or other defined area of land after final grading. Grade, Finish. "Finish grade" means the ground elevation at any point after final grading. "Grading" means the filling, excavation or other movement of earth for any purpose. "Granny flat" or "granny housing" means a secondary dwelling unit which is: (1) intended for the sole occupancy of one (1) or two (2) adult persons sixty-two (62) years of age or over; and (2) located on a building site containing an existing single family detached dwelling. The floor area of an attached granny flat does not exceed thirty percent (30%) of the existing floor area of the primary single family residence and the floor area of a detached granny flat does not exceed one thousand two hundred (1,200) square feet. (See also "Second unit.") "Grazing" means the act of pasturing livestock on growing grass or other growing herbage or on dead grass or other dead herbage existing in the place where grown as the principal sustenance of the livestock so grazed. "Gross acreage" means the land area, expressed in acres, within a parcel or group of contiguous parcels minus any right-of-way for arterial highways not including collector streets. Each acre so determined is a gross acre. Gross Density. See "Density." 589 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 58 of 71 "Gross floor area" means the total square footage of all floors of a building, including the exterior unfinished wall structure but excluding courtyards and other outdoor areas. Gross Lot or Parcel Area. See "Lot area, gross." "Ground floor area" means all enclosed area within the ground floor of a structure, including exterior walls and mechanical spaces. Carports, garages, accessory buildings and parking structures are included in ground floor area but swimming pools and unenclosed post- supported roofs over patios and walkways are not included. Ground Sign. See "Freestanding sign" in sign definitions, Section 9.160.130. "Guest house" means a detached or attached unit which has sleeping and sanitary facilities, which may include full bathroom and/or kitchen or cooking facilities, and which is used primarily for sleeping purposes by members of the family occupying the main building, their nonpaying guests, and domestic employees. "Guest ranch" means any property of five (5) acres or more operated as a ranch which offers guest rooms for rent and which has outdoor recreational facilities such as horseback riding, swimming or hiking. Habitable Area. See "Livable floor area." "Habitable room" means any room usable for living purposes, which includes working, sleeping, eating, cooking or recreation, or a combination thereof. A room designed and used only for storage purposes is not a habitable room. "Hazardous waste" means a waste or combination of wastes which, because of its quantity, concentration, toxicity, corrosiveness, mutagenicity or flammability, or its physical, chemical or infectious characteristics, may: (1) cause or significantly contribute to an increase in mortality or an increase in serious irreversible or incapacitating reversible illness; or (2) pose a substantial present or potential hazard to human health or the environment when improperly treated, stored, transported, disposed of, or otherwise managed. Home for the Aged. See "Convalescent home." Homeless Shelter. See “Emergency shelter.” "Home occupation" means an occupation or activity conducted as an accessory use within a dwelling unit incidental to the residential use of the property. See Section 9.60.110. "Hospital" means a facility licensed by the State Department of Health Services providing clinical, temporary or emergency service of a medical, obstetrical, surgical or mental health nature to human patients. "Hotel" means any building or portion thereof with access provided through a common entrance, lobby or hallway to guest rooms which are rented on a daily or weekly basis. Identification Sign. See sign definitions, Section 9.160.130. "Industrial park," "business park" or "office park" means a nonresidential development wherein the permitted uses are planned, developed, managed and maintained as a unit, with landscaping, amenities, and common off-street parking provided to serve all uses on the property. "Intensity" means the level of development or activity associated with a land use, as measured by one (1) or more of the following: 1. The amount of parking required for the use per Chapter 9.150. 590 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 59 of 71 2. The operational characteristics of the use such as hours of operation, the inclusion of dancing or live entertainment as part of the use, or similar characteristics. 3. The floor area occupied by the use. 4. The percentage of the building site occupied by the use or by the structure containing the use. Interior Lot Line. See definitions under "Lot line." "Kennel" means any building, structure, enclosure or premises within which five (5) or more dogs are kept or maintained primarily for financial profit for the purpose of boarding, breeding, training, marketing, hire or any other similar purpose. "Kitchen" means any room all or part of which is designed and/or used for the cooking or other preparation of food. Land Use. See "Use." Land Use Intensity. See "Intensity." Landfill, Sanitary. "Sanitary landfill" means an area designed and used for the disposal of solid waste on land by spreading it in layers, compacting it and covering it daily with soil or other approved cover material. Laundry Plant. See "Cleaning plant or laundry plant." "Livable floor area" means the interior area of a dwelling unit which may be occupied for living purposes by humans, including basements and attics (if permitted). Livable floor area does not include a garage or any accessory structure. "Live entertainment" means any act, play, revue, pantomime, scene, dance or song, or any combination of the foregoing performed in person by one (1) or more persons whether or not they are compensated for their performance. Living Area. See "Livable floor area." Lodginghouse. See "Boardinghouse." "Lot" means an area of land under one (1) ownership which is identified as a lot or parcel on a recorded final map, parcel map, record of survey recorded pursuant to an approved division of land, certificate of compliance, or lot line adjustment. The terms "lot" and "parcel" are interchangeable for purposes of this code. Types of lots and their definitions are as follows: 1. "Corner lot" means a lot abutting two (2) streets intersecting at an angle of not more than one hundred thirty-five (135) degrees. If the angle of intersection is more than one hundred thirty-five (135) degrees, the lot is an "interior lot." 2. "Flag or panhandle lot" means a lot connected to the street with a narrow access portion less than forty (40) feet wide and more than twenty (20) feet long and situated so that another lot is located between the main portion of the flag lot and the street. 591 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 60 of 71 3. "Interior lot" means a lot abutting only one (1) street or abutting two (2) streets which intersect at an angle greater than one hundred thirty-five (135) degrees. 4. "Key lot" means a lot with a side lot line that abuts the rear lot line of one (1) or more adjoining lots. 5. "Reverse corner lot" means a corner lot, the rear of which abuts the side of another lot. 6. "Through lot" means a lot with frontage on two (2) parallel or approximately parallel streets. "Lot area" means the horizontal land area within a lot expressed in square feet, acres, or other area measurement. "Lot coverage" or "building site coverage" means the cumulative ground floor area of the structures on a lot expressed as a percentage of the net lot area. For purposes of this definition, "ground floor area" means all enclosed area within the ground floor of a structure, including exterior walls and mechanical spaces. Carports, garages, accessory buildings and parking structures are included in ground floor area but swimming pools and unenclosed post-supported roofs over patios and walkways are not included. "Lot frontage" means the length of the front lot line. For corner lots the lot frontage shall be measured from the interior lot corner to the outside of the corner cut-back. "Lot line or property line" means any boundary of a lot. The classifications of lot lines and their definitions are as follows: 1. "Front lot line" means the following: 592 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 61 of 71 a. On an interior lot, the line separating the lot from the street; b. On a corner lot, the shorter line abutting a street. (If the lot lines are equal or approximately equal, the director shall determine the front lot line); c. On a through lot, the lot line abutting the street providing primary access to the lot. 2. "Interior lot line" means any lot line not abutting a street. 3. "Rear lot line" means a lot line which does not intersect the front lot line and which is most distant from and most parallel to the front lot line. In the case of an irregularly-shaped lot or a lot bounded by only three (3) lot lines, the rear lot line is a ten (10)-foot long line parallel to and most distant from the front lot line for the purposes of determining setbacks and other provisions of this code. 4. "Side lot line" means any lot line which is not a front or rear lot line. “Low Barrier Navigation Center” as defined in Government Code Section 65660 means a Housing First, low-barrier, service-enriched shelter focused on moving people into permanent housing that provides temporary living facilities while case managers connect individuals experiencing homelessness to income, public benefits, health services, shelter, and housing. "Lower income households" bears the same meaning as defined in Section 50079.5 of the California Health and Safety Code. "Lowest floor" means, with regard to flood protection, the lowest floor of the lowest enclosed area, including a basement or cellar. An unfinished or flood-resistant enclosure, usable solely for parking of vehicles, building access or storage in an area other than a basement area, is not considered a building's lowest floor provided that such enclosure is not built so as to render the structure in violation of the applicable design requirements of the FP floodplain district, Section 9.140.030. "Manufactured home" means a residential building transportable in one (1) or more sections which has been certified under the National Manufactured Housing Construction and Safety Standards Act of 1974. "Master commercial development" means a commercial center for which an overall site development permit was approved and implemented, which may have remaining unconstructed pads or buildings. "Master plan of arterial highways" means a component of the circulation element of the city's general plan designating adopted and proposed routes for all commuter, secondary, primary and major highways within the city. "Master plan of drainage" means an engineering report outlining the drainage facilities needed for the proper development of the city. "Maximum allowable residential density" means the density allowed under applicable zoning ordinances, or if a range of density is permitted, means the maximum allowable density for the specific zoning range applicable to the subject project. "Median" means a paved or planted area separating a street or highway into opposite- direction travel lanes. Medical Clinic. See "Clinic, medical." 593 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 62 of 71 "Medical marijuana dispensary" means a facility or location which provides, makes available or distributes medical marijuana to a primary caregiver, a qualified patient, or a person with an identification card, in accordance with California Health and Safety Code Section 11362.5 et seq. "Menagerie" means a lot on which more than one (1) wild, non-domestic reptile (not including turtles or tortoises), bird (not including poultry) or mammal is kept. A tamed or trained wild animal shall not be considered a domestic animal. "Ministorage facility" means a building containing various size storage compartments not exceeding five hundred (500) square feet each, wherein each compartment is offered for rent or lease to the general public for the private storage of materials excluding materials sold at the facility or delivered directly to customers. "Minor adjustments" are deviations in standards which have little or no potential for adverse impacts on the surrounding community and which are reviewed administratively. Minor Use Permit. See "Use permit." Mobilehome. See "Manufactured home." "Mobilehome park" or "mobilehome development" means any area or tract of land used to accommodate mobilehomes for human habitation, including pads for mobilehomes, clubhouses, recreation facilities, and other ancillary structures and facilities. The term includes mobilehome parks and mobilehome subdivisions. See Section 9.60.180. "Moderate income" or "persons and families of moderate income" means those middle- income families as defined in Section 50093 of the California Health and Safety Code. Modular Home. See "Manufactured home." Monument Sign. See sign definitions, Section 9.160.130. "Motel" means a building or group of buildings containing guest rooms rented on a weekly basis or less and with most or all guest rooms gaining access from an exterior walkway. Multifamily Dwelling or Residence. See "Dwelling, multifamily." "Net project area" means all of the land area included within a development project excepting those areas with before-development slopes of thirty percent (30%) or steeper and those areas designated for public and private road rights-of-way, schools, public parks, and other uses or easements which preclude the use of the land therein as part of the development project. "Net site area" or "net lot area" means the total land area within the boundaries of a parcel or building site after ultimate street rights-of-way and easements that prohibit the surface use of the site are deducted. "Noncommercial coach" means a vehicle, with or without motive power, designed and equipped for human occupancy for classrooms and other nonresidential and noncommercial uses. "Nonconforming lot" means a lot or parcel which was lawful and in conformance with the applicable zoning ordinances when established but which, due to subsequent ordinance changes, does not conform to the current development standards applicable to the zoning district in which it is located. See Chapter 9.270. "Nonconforming structure" means a structure which was lawful and in conformance with the applicable zoning ordinances when constructed but which, due to subsequent ordinance 594 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 63 of 71 changes, does not conform to the current development standards applicable to the zoning district in which it is located. See Chapter 9.270. "Nonconforming use" means a land use which was lawful and in conformance with the applicable zoning ordinances when established but which, due to subsequent ordinance changes, is not currently permitted in the zoning district in which it is located or is permitted only upon the approval of a use permit and no use permit has been approved. See Chapter 9.270. "Nonconformity" means a land use, lot or structure which was lawful when established or constructed but, due to subsequent ordinance changes, is not in conformance with this zoning code. The term nonconformity does not include illegal uses, lots, or structures, i.e., which were not lawful when established or constructed. See Chapter 9.270. Nursery, Day Care. See "Child day care facility." Nursing Home. See "Convalescent home." Office Park. See "Industrial park." Official Zoning Map. See "Zoning map." "Off-site hazardous waste facility" means any structures, other appurtenances or improvements on land and all contiguous land serving more than one (1) producer of hazardous waste, used for the treatment, transfer, storage, resource recovery, disposal or recycling of hazardous waste, including, but not limited to,: 1. Incineration facilities (i.e., rotary kiln, fluid bed, etc.); 2. Residual repository (i.e., receiving only residuals from hazardous waste treatment facilities); 3. Stabilization/solidification facilities; 4. Chemical oxidation facilities; 5. Neutralization/precipitation facilities; or 6. Transfer/storage facilities. "Open space" means any parcel or area of land or water, public or private, which is reserved for the purpose of preserving natural resources, for the protection of valuable environmental features, or for providing outdoor recreation or education. Open space does not include roads, driveways or parking areas not related to recreational uses, any buildings, building setback areas or the required space between buildings, or surface utility facilities. Open Space, Usable. "Usable open space" means open space which is predominately level (i.e., slopes less than five percent (5%)) but which may contain some steeper land (i.e., with slopes up to twenty percent (20%)) which has utility for picnicking or passive recreation activities and which complements surrounding usable open space. Usable open space is a minimum of fifteen (15) feet in width and three hundred (300) square feet in area and may include structures and impervious surfaces such as tot lots, swimming pools, basketball courts, tennis courts, picnic facilities, walkways or bicycle trails. Outdoor Advertising Sign. See "Billboard" in sign definitions, Section 9.160.130. "Outdoor light fixtures" means outdoor artificial illuminating devices, outdoor fixtures, lamps and other devices, permanent or portable, used for illumination or advertisement. Such devices shall include, but are not limited to, search, spot, or flood lights for: 595 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 64 of 71 1. Buildings and structures; 2. Recreational areas; 3. Parking lot lighting; 4. Landscape lighting; 5. Billboards and other signs (advertising or other); 6. Street lighting; 7. General area and yard lighting. "Outdoor vendors" include hotdog stands, ice cream carts, and other retail uses which utilize a movable or relocatable stand or cart for walk-up sales. The stand or cart must be of a size and design suitable for placement on a private sidewalk, plaza, or pedestrianway. Panhandle Lot or Flag Lot. See definitions under "Lot." "Parcel" means an area of land under one (1) ownership which is identified as a lot or parcel on a recorded final map, parcel map, record of survey recorded pursuant to an approved division of land, certificate of compliance or lot line adjustment. The terms "lot" and "parcel" are interchangeable for purposes of this code. "Parking accessway" means a vehicular passageway that provides access and circulation from a street access point into and through a parking lot to parking aisles and between parking areas. "Parking structure" means a structure which is open or enclosed and is used for the parking of motor vehicles. "Parkway" means the area of a public street that lies between the curb and the adjacent property line or physical boundary, such as a fence or wall, which is used for landscaping and/or passive open space. "Pasture" means an enclosed holding area consisting of grass or similar vegetation, specifically used for purposes of grazing or feeding of animals. Patio Home. See "Dwelling, patio home." "Permitted use" means a land use allowed within a zoning district under this zoning code and subject to the applicable provisions of this code. "Person" means any individual, firm, copartnership, joint venture, association, social club, fraternal organization, company, joint stock association, corporation, estate, trust, organization, business, receiver, syndicate, public agency, the state of California or its political subdivisions or instrumentalities, or any other group or combination acting as a unit. "Person with a disability" is a person with a physical or mental impairment that limits or substantially limits one (1) or more major life activities, anyone who is regarded as having such an impairment, or anyone who has a record of such an impairment. "Personal services" are establishments providing nonmedical services as a primary use, including, but not limited to, barber and beauty shops, spas and tanning salons, clothing rental, dry cleaning stores, home electronics and small appliance repair, laundromats (self- service laundries), shoe repair shops, and tailors. 596 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 65 of 71 "Planned unit development" means a residential development characterized by comprehensive planning for the entire project, the clustering of buildings to preserve open space and natural features, and provision for the maintenance and use of open space and other facilities held in common by the property owners within the project. Pole Sign. See sign definitions, Section 9.160.130. Portable Sign. See sign definitions, Section 9.160.130. "Precise plan" or "precise plan of development" means the plan or plans for a project, development or other entitlement approved by the decision-making authority. A precise plan may include site, grading, architecture, landscaping plans and may also include a plan text describing the project design, development phasing, and other characteristics. "Precise plan of highway alignment" means a plan, supplementary to the master plan of arterial highways, which establishes the highway centerline and the ultimate right-of-way lines and may establish building setback lines. Primary Residence. See "Main dwelling." "Primary unit" means a single-family or multifamily residential unit constructed and intended as the principal unit and building on a lot. The primary unit shall be the largest unit on the lot. "Principal use" means the primary or predominant use of any parcel, building site or structure. "Project area" means all of the land area included within a development project excepting those areas designated for public and private road rights-of-way, schools, public parks, and other uses or easements which preclude the use of the land therein as part of the development project. Projecting Sign. See sign definitions, Section 9.160.130. "Property line" means a lot line or parcel boundary. "Public agency" means the United States, the state, the county or any city within the county, or any political subdivision or agency thereof. Rear Lot Line. See definitions under "Lot line." "Reasonable accommodation" means the process of providing flexibility in the application of land use, zoning, and building regulations, practices, and procedures to eliminate barriers to housing opportunities for persons with disabilities. "Recreational vehicle" or "RV" means all trailers or any vehicle placed on a trailer such as a boat, watercraft, or other vehicle, plus any vehicle designed and used for temporary habitation, including motorhomes, travel trailers, "5th wheels" and camper shells. "Recycling" means the process by which waste products are reduced to raw materials and transformed into new products. Relocatable Building. See "Building, relocatable." "Residential care facility" or "community care facility" means a residential facility which is licensed by the state to provide living and treatment facilities on a monthly or longer basis for six (6) or fewer of the following: wards of the juvenile court, elderly persons, mentally disordered persons, handicapped persons or dependent and neglected children. Such a facility is permitted in all types of residences by operation of state law. 597 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 66 of 71 Residential, Multifamily. See "Dwelling, multifamily." Residential, Single-Family. See "Dwelling, single-family." "Restaurant" means any use providing for the preparation, retail sale and consumption on site of food and beverages. Restaurants include, but are not limited to, cafés, coffee shops, pubs, sandwich shops, ice cream parlors, fast food take-out and drive-through stores, whose primary activity is food service and places of business with similar uses. If any seating is provided in conjunction with a store where there is the preparation and retail sale of food and beverages, that use shall be classified as a restaurant. The term "restaurant" may include the licensed sale of alcoholic beverages for consumption on the premises. Restaurant, Drive-Through. "Drive-through restaurant" means a restaurant with one (1) or more automobile lanes which allow for the ordering and dispensing of food and beverages to patrons who remain in their vehicles. Rest Home. See "Convalescent home." "Retail" means the selling of goods or merchandise directly to the ultimate consumer. "Reverse vending machine" means a machine which accepts recyclable materials, such as aluminum cans, newspapers, or other materials, from the public and dispenses money in return. "Riding academy" means a facility designed and used primarily for recreational riding, training and instruction purposes, and allowing both on-site boarding or trailering of horses to the facility. "Riding and hiking trail" means a trail or way designed for and used by equestrians, pedestrians and cyclists using nonmotorized bicycles. "Right-of-way" means the entire width of property used for streets, highways, flood or drainage works, overhead or underground utilities, or any related improvements. Roof Sign. See sign definitions, Section 9.160.130. Roominghouse. See "Boardinghouse." "Satellite dish antenna" means an apparatus capable of receiving communications from a man-made satellite. "Scenic highway" means any highway designated a scenic and/or historic highway by an agency of the city, state or federal government. Second Unit. In accordance with Government Code Section 65852.2(i)(4), "second unit" means an attached or a detached residential dwelling unit which provides complete independent living facilities for one (1) or more persons. It shall include permanent provisions for living, sleeping, eating, cooking, and sanitation and shall be located on the same parcel as the single-family dwelling is situated. A second unit also includes the following: 1. An efficiency unit, as defined in Section 17958.1 of the Health and Safety Code; 2. A manufactured home, as defined in Section 18007 of the Health and Safety Code. "Section" means a portion of this zoning code beginning immediately after a six (6)- or seven (7)-digit number beginning with 9., e.g., 9.10.010 or 9.280.030, and extending to the next such six (6)- or seven (7)-digit number. (See also "Subsection.") 598 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 67 of 71 "Semi-permanent sign" means a non-illuminated sign which requires a sign permit, such as advertising the future construction or opening of a facility, model home complex, commercial, or residential subdivision identification which is intended to be erected or posted for a minimum of sixty-one (61) days and a maximum of one (1) year. A permit for semi-permanent signs advertising future facility construction shall not be approved until a development review application has been submitted. "Senior citizen" means a person fifty-five (55) years of age or older. "Senior citizen residence" means a residential care facility which is licensed by the state to provide living and treatment facilities on a monthly or longer basis for six (6) or fewer senior citizens. "Senior group housing" means a residential development which is developed or substantially renovated for and occupied by seven (7) or more senior citizens. "Service" means an act or any result of useful labor which does not in itself produce a tangible commodity. Service Station. See "Gas station." "Setback" means the distance that a building or other structure or a parking lot or other facility must be located from a lot line, property line or other specified boundary. Sexually Oriented Business. See Chapter 5.80 of the municipal code. "Shopping center" or "commercial center" means a commercial area or group of commercial establishments, planned, developed, managed and maintained as a unit, with common landscaping, amenities, and off-street parking provided to serve all uses on the property. Side Lot Line. See definitions under "Lot line." "Sidewalk sale" or "parking lot sale" means the temporary outdoor display and sale of merchandise which is normally displayed indoors at the location of an individual retail business not located within a shopping center. (See also "Special commercial event.") "Sign" means any medium for visual communication, including, but not limited to, words, symbols and illustrations together with all parts, materials, frame and background, which medium is used or intended to be used to attract attention to, identify, or advertise an establishment, product, service, activity or location, or to provide information. Also, see sign definitions, Section 9.160.130. Single-Family Dwelling or Residence. See "Dwelling, single-family." "Single room occupancy (SRO) facility" or "SRO hotel" means a residential facility which is rented on a weekly or longer basis and which provides living and sleeping facilities for one (1) or two (2) persons per unit. Each unit contains a toilet and sink. Shower, kitchen, and laundry facilities may be shared. Site. See "Building site." Site Area, Net. See "Net project or site area." Site Coverage. See "Building site coverage." Site Development Permit or Development Permit. See Section 9.210.010. "Slope" or "slope gradient" means the vertical distance between two (2) points on a slope divided by the horizontal distance between the same two (2) points, with the result 599 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 68 of 71 expressed as a percentage; e.g., "the slope has a twenty percent (20%) gradient" (usually used to describe natural as opposed to manufactured, slopes). "Slope ratio" means the steepness of a slope expressed as a ratio of horizontal distance to the vertical rise over that horizontal distance; e.g., 2:1 (usually used to describe manufactured as opposed to natural, slopes). "Special commercial event" means the temporary outdoor display and sale of merchandise by two (2) or more tenants within a commercial center, or arts and crafts shows, fairs, or entertainment events within a commercial center. "Specific plan" means a plan consisting of text, maps and other documents and exhibits regulating development within a defined area of the city, consistent with the general plan and State Government Code Section 65450 et seq. "Stable" means a building or structure containing multiple stalls for the purposes of sheltering, feeding, boarding, accommodating or otherwise caring for several horses at one (1) time. "Stall" means a division of a stable accommodating one (1) horse into an adequately sized enclosure for the purpose of confining individual horses within a sheltered environment as may be necessary for security, safety or other reasons pertinent to the health, welfare and daily care of each animal. "Stock cooperative" means a corporation which is formed primarily for the purpose of holding title to, either in fee simple or for a term of years, improved real property, if all or substantially all of the shareholders of such corporation receive a right of exclusive occupancy in a portion of the real property, title to which is held by the corporation, which right of occupancy is transferable only concurrently with the transfer of the shares of stock or membership certificate in the corporation held by the person having such right of occupancy. "Storage" means a place where goods, materials, and/or personal property is placed for more than twenty-four (24) hours. "Story" means that portion of a building included between the surface of any floor and the surface of the floor immediately above it or if there is no floor above, then the space between the floor and the ceiling above it. "Street" means a public or private vehicular right-of-way other than an alley or driveway, including both local streets and arterial highways. "Structure" means anything that is erected or constructed having a fixed location on the ground or attachment to something on the ground and which extends more than thirty (30) inches above the finish grade. A mobilehome or relocatable building, except when used as a temporary use with its weight resting at least partially upon its tires, is a structure for the purposes of this definition. "Subsection" means a portion of a section of this zoning code designated by a section number followed immediately by an upper case letter; for example, subsection 9.10.010(A). (See also "Section.") "Supportive housing" means housing with no limit on length of stay, that is occupied by the target population as defined in subdivision (d) of Section 53260 of the Health and Safety Code 50675.14(b) and that is linked to on-site or off-site services that assist the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community. ("Target 600 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 69 of 71 population" includes adults with low income having one (1) or more disabilities, including mental illness, HIV or AIDS, substance abuse, or other chronic health conditions, or individuals eligible for services provided under the Lanterman Developmental Disabilities Services Act and may, among other populations, include families with children, elderly persons, young adults aging out of the foster care system, individuals exiting from institutional settings, veterans, or homeless people.) "Swimming pool" means an artificial body of water having a depth in excess of eighteen (18) inches, designed, constructed and used for swimming, dipping or immersion purposes by humans. "Tandem parking" means any off-street parking space(s), or arrangement of such spaces, configured in such a manner such that one (1) or more spaces is not directly accessible to a street or other approved access without traversing any portion of another space. "Temporary sign" means any non-illuminated sign which may require a sign permit and which is intended to be posted for a maximum of forty-five (45) days. Temporary signs include without limitation: political campaign signs, garage sale signs and seasonal sales signs. "Temporary use" means a land use established for a specified period of time, which use is discontinued at the end of such specified time. "Timeshare facility" means a facility in which a person receives the right in perpetuity, for life or for a specific period of time, to the recurrent, exclusive use or occupancy of a lot, parcel, unit, or portion of real property for a period of time which has been or will be allocated from twelve (12) or more occupancy periods into which the facility has been divided. A timeshare use may be coupled with an estate in the real property or it may entail a license, contract, membership, or other right of occupancy not coupled with an estate in the real property. Townhome. See "Dwelling, townhome." "Transient basis" means for a continuous period of two (2) weeks or less. "Transitional housing" is buildings configured as rental housing developments, but operated under program requirements that call for the termination of assistance and recirculation of the assisted unit to another eligible program recipient at some predetermined future point in time, which shall be no less than six (6) months. "Transitional shelter" means a shelter for homeless persons or victims of domestic abuse which provides accommodations for persons on a transient basis, i.e., for a continuous period of two (2) weeks or less. Two (2)-Unit Attached Dwelling. See "Dwelling, two (2)-unit attached." "Ultimate right-of-way" means the right-of-way shown as ultimate on an adopted precise plan of highway alignment or the street right-of-way shown within the boundary of a recorded tract map, a recorded parcel map or a recorded planned community development plan. The latest adopted or recorded document in such cases shall take precedence. If none of these exist, the ultimate right-of-way is the right-of-way required by the highway classification as shown in the general plan. "Use" or "land use" means the purpose for which a structure or land is occupied, arranged, designed or intended, or for which either a structure or land is or may be occupied or maintained. 601 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 70 of 71 "Use permit" means a discretionary entitlement under the provisions of this zoning code which authorizes a specific use or development on a specific property subject to compliance with all terms and conditions imposed on the entitlement. Uses requiring a conditional use permit have moderate to significant potential for adverse impacts on surrounding properties, or residents while uses requiring a minor use permit have low to moderate potential for adverse impacts on surrounding properties, residents, or businesses. See Section 9.210.020. Variance. See Section 9.210.030. "Vehicular accessway" means a private, nonexclusive vehicular easement affording access to abutting properties. "Very low income households" bears the same meaning as defined in Section 50105 of the Health and Safety Code. "Veterinary clinic" means a place where animals no larger than the largest breed of dogs are given medical and surgical treatment, primarily on an outpatient basis, and where the boarding of animals under treatment is incidental to the principal clinic use. Wall Sign. See "Building-mounted sign" in sign definitions, Section 9.160.130. "Wing wall" means an architectural feature in excess of six (6) feet in height which is a continuation of a building wall projecting beyond the exterior walls of a building. "Yard" means an open space on a parcel of land or building site unobstructed and unoccupied from the ground upward except for wall projections permitted by this code. Yards are classified as follows: 1. "Front yard" means a yard extending across the full width of the lot between the front lot line or the ultimate street right-of-way line and a setback line within the lot. The depth of the front yard is equal to the setback established in the development standards for the applicable zoning district and is measured along a line drawn at a ninety (90)-degree angle to whichever of the following results in the greatest setback: the front lot line or its tangent or the ultimate street right- of-way or its tangent. 2. "Rear yard" means a yard extending across the full width of the lot between the rear lot line and a setback line within the lot. The depth of the rear yard is equal to the setback established in the development standards for the applicable zoning district and is measured along a line drawn at a ninety (90)-degree angle to whichever of the following results in the greatest setback: the rear lot line or its tangent or the ultimate street right-of-way or its tangent. 3. "Side yard" means a yard extending from the front setback line to the rear setback line. The depth of the side yard is equal to the setback established in the development standards for the applicable zoning district and is measured along a line drawn at a ninety (90)-degree angle to whichever of the following results in the greatest setback: the side lot line or its tangent or the ultimate street right-of- way or its tangent. 602 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 71 of 71 "Zoning code" or "code" means the zoning code of the city, i.e., Title 9 of the city of La Quinta Municipal Code, including the official zoning map and other maps and graphics incorporated in the zoning code text or included therein by reference. "Zoning district" or "district" means an area of the city designated on the official zoning map and subject to a uniform set of permitted land uses and development standards. "Zoning map" or "official zoning map" means a map incorporated into this code by reference which covers the entire land area of the city and is divided into zoning districts for the purpose of specifying for each such land area the uses permitted, development standards required, and other applicable provisions of this code. (Ord. 577 § 1, 2019; Ord. 562 § 1, 2017; Ord. 550 § 1, 2016; Ord. 538 § 1, 2016; Ord. 512 § 1, 2013; Ord. 505 § 1, 2012; Ord. 489 § 1, 2011; Ord. 325 § 1, 1998; Ord. 284 § 1, 1996) 603 604 161 GOALS, POLICIES, AND PROGRAMS The following goals, policies, and programs set forth a comprehensive housing plan for the City of La Quinta during the 2022-2029 planning period. Adequate Sites for Housing GOAL H-1 Provide housing opportunities that meet the diverse needs of the City’s existing and projected population. v Policy H-1.1 Identify adequate sites to accommodate a range of product types, densities, and prices to address the housing needs of all household types, lifestyles, and income levels. Provide new housing choices by increasing affordable housing supply in high opportunity areas, and improve housing mobility through encouraging various housing options such as accessory dwelling units and creative housing solutions. Program 1.1.a: To address the City’s RHNA allocation for extremely low income households, 15% of units on the City’s land on Highway 111 (site #13) will be assigned to extremely low income households. The City shall negotiate very low income units for all other projects on sites identified in the Vacant Land Inventory (Table II-50) individually to reach the target of 210 units during the planning period. § Timing: June 2025 for Highway 111 project, as projects are constructed for additional units § Funding Source: Private Funding, Tax Credit Financing, Other sources as identified § Responsible Agency: City Manager’s Office/Housing § Program 1.1.b: The City will merge its parcels in the Village (as listed in Table II-51) to facilitate the consolidation of these lots for sale through the Surplus Land Act. § Timing: June 2023 for lot mergers. June 2024 for RFPs and land sales. § Funding Source: General Fund § Responsible Agency: City Manager’s Office/Housing ATTACHMENT 1 605 162 Program 1.1.c: To encourage the development of housing for extremely low, low and special needs residents, the City will develop a program of incentives for the subdivision of larger sites, to include application fee waivers, DIF fee reductions and expedited processing. The City will contact the owners of the three sites listed in Table II-50 and encourage that they subdivide the land and take advantage of the City’s incentive program. § Timing: June 2022 for development of program. June 2023 for initial contacts with land owners, and annually thereafter. § Funding Source: General Fund § Responsible Agency: Planning Division, City Manager’s Office/Housing v Policy H-1.2 Focus housing growth within existing City boundaries until it is necessary to pursue annexation or development in planning areas for affordable housing. v Policy H-1.3 Direct new housing development to viable areas where essential public facilities are provided and employment opportunities, educational facilities, and commercial support are available. v Policy H-1.4 The City shall promote and affirmatively further fair housing opportunities through the community for all persons regardless of race, religion, sex, marital status, ancestry, national origin, color, familial status, disability, source of income, veteran or military status, or other characteristics protected by the California Fair Employment and Housing Act (FEHA), Government Code Section 65008, and any other applicable state and federal fair housing and planning law. Assist in the Development of Affordable Housing GOAL H-2 Assist in the creation and provision of resources to support housing for lower and moderate income households. v Policy H-2.1 Increase housing choices for lower and moderate income households. Address disproportionate housing needs and alleviate disproportionate cost burdens on lower and moderate income households by providing more affordable housing units. 606 163 Program H-2.1.a: Accessory Dwelling Units (ADU) The City will modify its Zoning Ordinance to comply with State law regarding ADUs and JADUs and provide for the reduced parking standards, setbacks and other incentives included in the law. The City shall establish a program to encourage the building of ADUs and JADUs, and monitor their development to gauge if they are affordable alternatives for housing. The program will include tracking annual permits, an annual survey of rents in ADUs, and whether any ADUs are accepting housing subsidy or restricting their units to very low or low income households. § Timing: Zoning amendments June 2022. Monitoring program beginning June 2023. § Funding Source: General Fund § Responsible Agency: Design and Development Department Program H-2.1.b: City-owned Lots Aggressively pursue development of the City’s central-city properties (sites 8 and 13) to generate up to 168 units of extremely low, very low and low income units on these parcels. To implement this program, the City will establish a schedule for Requests for Proposals and include incentives. These incentives may include elimination of Development Impact Fees, financial assistance in the form of land contributions, and density bonuses as provided in the Zoning Ordinance. In addition, the City will consider affordable housing for other City-owned lots in the Village when marketing the land for development, including mixed use projects that combine retail and residential uses. Wherever possible, include 15% affordable units in these projects § Timing: Annually, beginning with June 2023. § Funding Source: General Fund § Responsible Agency: City Manager’s Office/Housing Program H-2.1.c: Creative Housing Solutions In order to expand the variety of housing options for extremely low and low income households in the City, study, research and pursue the amendments to the Zoning Code and subdivision ordinance that would be required to allow creative housing solutions, including “tiny homes,” prefabricated or “kit” homes, shipping container conversions, and other options available in the market as they arise. Present the findings of the research to the Planning Commission and Council for their consideration. 607 164 § Timing: Research June 2024. Planning Commission and City Council Study Session no later than June 2025. § Funding Source: General Fund § Responsible Agency: Design and Development Department v Policy H-2.2 Support public, private, and nonprofit efforts in the development of affordable housing. Program H-2.2.a: Density Bonus Amendments Revise the Zoning Ordinance to ensure compliance with Assembly Bill (AB) 2345 as it pertains to Density Bonus requirements. • Timing: June 2022 regular Zoning Ordinance update • Funding Source: General Fund • Responsible Agency: Design and Development Department v Policy H-2.3 Pursue a variety of forms of private, local, state, and federal assistance to support development of affordable housing. Program H-2.3.a: Collaborative Partnerships The City shall continue to meet with affordable housing development entities to discuss types of incentives available and requirements for obtaining assistance, discuss appropriate sites for housing for extremely low, low and special needs residents, and foster professional collaboration between the City and affordable housing stakeholders. § Timing: Project-by-project basis, by request, or on an annual basis. § Funding Source: General Fund § Responsible Agency: Design and Development Department Program H-2.3.b: Mixed Use in the Highway 111 Corridor In order to take advantage of the high density residential permitted in the Mixed Use overlay, develop a menu of incentives, including reduction in development fees, density bonuses and other provisions for the inclusion of affordable housing units in Mixed Use projects within the Highway 111 Plan area. 608 165 § Timing: Menu of incentives, June 2023. As projects are proposed § Funding Source: General Fund § Responsible Agency: City Manager’s Office/Housing Program H-2.3.c: Affordable Housing Renter-to-Owner Transition There are many resources that the City, nonprofits, or for-profit developers may utilize to subsidize the construction and maintenance of affordable housing. Some of the most prominent resources are described below. § Timing: Update website with funding information and partnership opportunities by June 2022, and every six months thereafter. § Funding Source: General Fund § Responsible Agency: City Manager’s Office/Housing Low Income Tax Credits Low Income Housing Tax Credit (LIHTC) provides federal tax credits for private developers and investors that agree to set aside all or a portion of their units for low income households. A minimum of 20 percent of the units must be affordable to low income households and 40 percent of the units must be affordable to moderate income households. Community Reinvestment Act The Community Reinvestment Act provides favorable financing to affordable housing developers. The Redevelopment Agency, development community, and local, regional, and national banks are encouraged to work together to meet their obligations pursuant to the Community Reinvestment Act. California Housing Finance Agency Program The California Housing Finance Agency (CHFA) has three single- family programs for primarily moderate and middle income homebuyers: the Home Ownership Assistance Program and the Affordable Housing Partnership Program. Each provides permanent mortgage financing for first-time homebuyers at below-market interest rates. HOME Funds HOME is the largest Federal block grant distributed to state and local governments for the creation of lower income housing. Cities apply when Notices of Funding Availability are issued. 609 166 Neighborhood Stabilization Program HUD’s Neighborhood Stabilization Program makes emergency assistance grants available to local governments for the acquisition, redevelopment, and renting or resale of foreclosed properties at-risk of abandonment. Riverside County First-Time Homebuyers Program Continue participation in the Riverside County First-Time Homebuyers Program for low and moderate income households. Mortgage Credit Certificate The Riverside County Mortgage Credit Certificate Program is designed to assist low and moderate income first time homebuyers. Under the Mortgage Credit Certificate Program, first-time homebuyers receive a tax credit based on a percentage of the interest paid on their mortgage. This tax credit allows the buyer to qualify more easily for home loans, as it increases the effective income of the buyer. Under federal legislation, 20 percent of the funds must be set aside for buyers with incomes between 75 and 80 percent of the county median income. Finance Agency Lease-Purchase Program Riverside/San Bernardino County Housing Finance Agency Lease Purchase Program provides down payment assistance and closing costs for eligible households up to 140 percent of the area median income. Housing Choice Voucher (formerly Section 8) Referrals Housing Choice Vouchers allow lower income households to use rental subsidies anywhere in the County, including La Quinta. Program H-2.3.d: Sweat Equity and Shared Equity Continue to work with organizations that offer sweat and shared equity housing programs to lower and moderate income households in La Quinta. Sweat equity and shared equity programs provide lower and moderate income households with ownership assistance. Sweat equity refers to the exchange of time and effort, usually in the form of construction activities, for an affordable ownership opportunity. • Timing: Meet with CVHC and Habitat for Humanity annually or more frequently (if requested) to identify opportunities for coordinated efforts or potential housing projects. • Funding Source: General Fund 610 167 • Responsible Agency: City Manager’s Office/Housing Removal of Governmental Constraints to Housing GOAL H-3 Create a regulatory system that does not unduly constrain the maintenance, improvement, and development of housing affordable to all La Quinta residents. v Policy H-3.1 Remove unnecessary regulatory constraints to enable the construction or rehabilitation of housing that meets the needs of La Quinta residents, including lower income and special needs residents. Program 3.1.a: All properties listed in the Affordable Housing Inventory for extremely low, very low and low income units shall have the Affordable Housing Overlay applied. Further, the AHO text shall be amended to allow 30 units per acre and to allow 3 story development. The analysis that accompanies the Zone text amendment shall demonstrate that the development standards being applied to the AHO, including setbacks, height and parking requirements, allow a density of 30 units per acre. Consistent with Government Code Section 65583.2(h) and (i), the AHO will permit owner-occupied and rental multifamily residential use by right for developments in which at least 20 percent of the units are affordable to lower income households during the planning period. These sites shall be zoned with minimum density and development standards that permit at least 16 units per site. § Timing: October 2022 for Zoning Map and text amendments § Funding Source: General Fund § Responsible Agency: Planning Division v Policy H-3.2 Coordinate the development of affordable housing with the provision of key utilities to ensure prompt and adequate service. v Policy H-3.3 Incentivize the development of affordable housing to facilitate the development of housing for the City’s lower and moderate income households. 611 168 Program H-3.3.a: Priority Water and Sewer Service Route the adopted Housing Element to the CVWD and notify them of changes and future updates to the Housing Element. In compliance with state law, the Coachella Valley Water District (CVWD) must create procedures to provide priority water and sewer service to lower income residential project. The law also prohibits the denial or conditioning the approval of service without adequate findings, and requires future water management plans to identify projected water use for lower income residential development. § Timing: Upon Housing Element adoption § Funding Source: General Fund § Responsible Agency: Design and Development Department, Coachella Valley Water District Program H-3.3.b: Encourage Lot Consolidation Although not on the Site’s Inventory, several small lots in the Village Commercial would have improved development potential through lot consolidation. The Village Build Out Plan and Zoning Code amendments have been completed to encourage consolidation. The City continues to market its land in the Village, and will also work with private land owners and developers to assemble larger holding to allow multi-family projects which increase the number of residents in the Village. The City will consider potential incentives including fee deferral or reductions, parking requirement reduction, and relief from various other development standards that could potentially increase the cost of the project. § Timing: As City staff reviews projects in the Village § Funding Source: General Fund § Responsible Agency: Design and Development Department GOAL H-4 Conserve and improve the quality of existing La Quinta neighborhoods and individual properties. v Policy H-4.1 Protect the quality of La Quinta’s neighborhoods through the rehabilitation of both affordable and market-rate homes. 612 169 v Policy H-4.2 Promote financial and technical assistance to lower and moderate income households for housing maintenance and improvements. v Policy H-4.3 Encourage the retention and rehabilitation of existing single-family neighborhoods and mobile home parks that are economically and physically sound. v Policy H-4.4 Enhance neighborhoods that presently provide affordable housing with drainage, lighting and landscape amenities, and parks and recreation areas. Employ government and non-government resources to preserve and revitalize neighborhoods and communities and thereby provide protection against disinvestment-based displacement. Program H-4.4.a: Housing Condition Survey & Monitoring Complete an inventory of housing conditions (updated approximately every five years) to enable the City to properly target Code Compliance and rehabilitation resources. To better understand the City’s housing needs the quality and condition of the housing stock must be inventoried on a regular basis. The inventory should focus on older neighborhoods, such as those south of Calle Tampico, west of Washington Street, and north of Highway 111. § Timing: Complete by June 2023 § Funding Source: General Fund § Responsible Agency: Design and Development Department Program H-4.4.b: Habitat for Humanity Residential Rehabilitation Program Complete the Memorandum of Understanding with Habitat for Humanity to implement the “Brush with Kindness” program. The program will be implemented by Habitat volunteers who will donate time for repair and maintenance programs, including yard work, weed abatement, window replacements, roof repairs, and air conditioning repair. Residents will be prioritized to focus on seniors, veterans, the disabled, low and very low income residents, and those in affordably-designated homes. The first-year City contribution will be $40,000, and the annual amounts will be reviewed every year based on the success of the program. 613 170 § Timing: MOU by June 2022, assist 6 households annually through the planning period § Funding Source: General Fund § Responsible Agency: Habitat for Humanity, City Manager’s Office/Housing Program H-4.4.c: County of Riverside Home Repair Grant Refer code violators and interested parties to the County of Riverside for home repair grants. The County of Riverside Economic Development Agency Home Repair Program provides lower income households with up to $6,000 for home repairs such as a new roof, new air-conditioner, or a handicap ramp. As a jurisdiction in Riverside County, lower income La Quinta households are eligible for this grant. § Timing: Throughout planning period, refer 5 households annually § Funding Source: General Fund § Responsible Agency: Design and Development Department, City Manager’s Office/Housing Program H-4.4.d: Rehabilitation Resources List Provide a rehabilitation resources list on the affordable housing and code compliance pages of the City’s website. Use the list, in online or printed form, as a reference for code violators. Lower and moderate income homeowners may need assistance in affording important home repairs and improvements. The City can assist these households by compiling and sharing a listing of local, state, and federal programs offering rehabilitation assistance. § Timing: Create list by June 2022. Distribute to 15 households annually. § Funding Source: General Fund § Responsible Agency: Design and Development Department, Community Resources Department, City Manager’s Office/Housing Equal Housing Opportunity GOAL H-5 Provide equal housing opportunities for all persons. 614 171 v Policy 5.1 Provide the regulatory framework to create an environment in which housing opportunities are equal. v Policy 5.2 Encourage and support the enforcement of laws and regulations prohibiting discrimination in lending practices and in the sale or rental of housing. Program H-5.2.a: Collaborate and coordinate with government agencies (e.g. Fair Housing Council of Riverside County) and nonprofit groups (e.g. Habitat for Humanity) to support outreach and expansion of lending programs for homeownership among minority populations. Advertise workshops and webinars held by these organizations on financial resources for homeownership on the City website, under News page and Directory of Services (see Program H-5.2.c). • Timing: Annually (June) with adoption of budget, subject to available funding. • Funding Source: General Fund • Responsible Agency: City Manager’s Office/Housing Program H-5.2.b: Fair Housing Referrals Continue to refer tenants and landlords to the Fair Housing Council of Riverside County. Provide information on fair housing resources on the City’s website and at City Hall. Identify and coordinate with local nonprofits, service organizations and community groups that can assist in distributing fair housing information. Fair housing organizations provide dispute resolution and legal assistance to tenants and landlords in conflict. Such services are particularly important for lower and moderate income households unable to afford counsel. § Timing: Referral service as needed. Information to be maintained on website § Funding Source: General Fund § Responsible Agency: City Manager’s Office/Housing Program H-5.2.c: Directory of Services Maintain the online directory of services and information to provide La Quinta residents with contact information for community organizations and service providers that address special needs. While numerous services are available to special 615 172 needs and lower income households, it can be difficult to readily have access to these resources. A directory provides the contact information necessary to seek housing assistance. § Timing: Update website annually § Funding Source: General Fund § Responsible Agency: City Manager’s Office/Housing v Policy 5.3 Encourage support services for the Coachella Valley’s homeless populations through referrals and collaborative efforts with non-profits and other jurisdictions. Program H-5.3.a: Regional Facilities for the Homeless Continue to support and collaborate with the Coachella Valley Association of Governments Homelessness Committee efforts to maintain a regional homeless facility that provides housing as well as supportive services. The Strategic Plan created by the Homelessness Committee establishes a continuum of care for the Coachella Valley. § Timing: City staff will continue to collaborate with CVAG throughout the planning period and work with the appropriate facilities directly. § Funding Source: Low and Moderate Income Housing Fund § Responsible Agency: City Manager’s Office/Housing v Policy 5.4 Assist in the creation of a continuum of care for the homeless population and those transitioning into permanent housing. Program H-5.4.a: Low Barrier Navigation Centers Review and revise, as necessary, the Zoning Ordinance to ensure compliance with Assembly Bill (AB) 101 as it pertains to Low Barrier Navigation Centers. Modify the definition of “homeless shelter” to include this use. • Timing: June 2022 at regular Zoning Ordinance update • Funding Source: General Fund • Responsible Agency: Design and Development Department Program H-5.4.b: Zoning Amendments for Emergency Shelters, Transitional and Supportive Housing Revise the Zoning Ordinance to require that homeless shelters only be required to provide parking for employees; and that 616 173 Transitional and Supportive Housing be permitted uses in the Medium, Medium-High and High density residential zones. • Timing: June 2022 at regular Zoning Ordinance update • Funding Source: General Fund • Responsible Agency: Design and Development Department v Policy 5.5 Improve quality of life for disabled persons by facilitating relief from regulatory requirements that may create barriers to accessible housing and promoting universal design. Energy and Water Conservation GOAL H-6.1 Provide a regulatory framework that facilitates and encourages energy and water conservation through sustainable site planning, project design, and green technologies and building materials. v Policy H-6.1 Promote higher density and compact developments that increase energy efficiency and reduce land consumption. v Policy H-6.2 Facilitate housing development and rehabilitation that conserves natural resources and minimizes greenhouse gas emissions. v Policy H-6.3 Encourage and enforce green building regulations or incentives that do not serve as constraints to the development or rehabilitation of housing. v Policy H-6.4 Focus sustainability efforts on measures and techniques that also assist the occupant in reducing energy costs; therefore reducing housing costs. v Policy H-6.5 Use and encourage emerging technologies to reduce high demands for electricity and natural gas including use of passive solar devices and where feasible other renewable energy technologies (e.g., biomass, wind, and geothermal). 617 174 Program H-6.5.a: Going Green La Quinta Program Implement green goals, policies, and programs that accurately represent the City’s direction in resource conservation and minimizing greenhouse gas emissions. Implement design standards for residential and commercial structures that encourage solar protection to directly result in energy conservation. § Timing: As projects are proposed § Funding Source: General Fund § Responsible Agency: Design and Development Department Program H-6.5.b: Energy Conservation Partners Continue to meet with and seek insight from utilities, service providers, and other entities involved in energy conservation efforts appropriate for La Quinta. In working toward a sustainable La Quinta, the City and its residents will need to collaborate with utilities and service providers. Partnerships with the Coachella Valley Water District, Imperial Irrigation District, Southern California Gas, Burrtec Waste and Recycling Services, Sunline Transit District, Coachella Valley Association of Governments, Southern California Association of Governments and other entities will be an important component of making La Quinta a more livable city. § Timing: As part of regular coordination meetings with utilities § Funding Source: General Fund § Responsible Agency: City Manager’s Office, Design and Development Department Program H-6.5.c: Energy Efficiency Programs Investigate all potential energy efficiency programs and provide a list of programs on the City’s Going Green website. In addition to programs that may become available through IID, investigate other opportunities, including state and federal incentives, and promote them on the Going Green website. § Timing: Ongoing as programs are identified § Funding Source: General Fund, IID program funds, and other programs as identified § Responsible Agency: City Manager’s Office, Design and Development Department 618 175 Program H-6.5.d: Weatherization Assistance Encourage low income homeowners or renters to apply for IID and SCG programs, including free energy audits, home weatherization, and utility rebate programs by advertising available programs on the City’s website and at City Hall. § Timing: Advertise annually as program funds are available § Funding: General Fund § Responsible Agency: Design and Development Department, City Manager’s Office 619 620 Created: 2022-03-25 11:00:31 [EST] (Supp. No. 2, Update 3) Page 1 of 74 Chapter 9.40 RESIDENTIAL PERMITTED USES 9.40.030 Table of permitted uses. Table 9-1: Permitted Uses in Residential Districts, following, specifies those areas and structures which are permitted within each residential district. The letters in the columns beneath the district designation mean the following: "P": Permitted as a principal use within the district. "PUD": Planned unit development. "A": Permitted only if accessory to the principal residential use on the site. "C": Permitted if a conditional use permit is approved. "M": Permitted if a minor use permit is approved. "H": Permitted as a home occupation if accessory to the principal residential use and if a home occupation permit is approved. "S": Permitted if a specific plan is approved per Chapter 9.240. "X": Prohibited in the district. Table 9-1 Permitted Uses in Residential Districts P = Permitted use A = Accessory use C = Conditional use permit PUD = Planned unit development M = Minor use permit H = Home occupation permit S = Specific plan required T= Temporary use permit X = Prohibited use Very Low Density Residential Low Density Residential Cove Residential Medium Density Residential Medium-High Density Residential High Density Residential Land Use RVL RL RC RM RMH RH Single-family detached dwellings P P P P P S Single-family detached patio homes (i.e., "zero lot-line") PUD PUD PUD PUD PUD PUD Duplexes (two units on the same lot) PUD PUD X PUD P P Single-family attached dwellings (two units per building with each unit on its own lot) PUD PUD X PUD P P Townhome dwellings (two or more units per building with each unit on its own lot) PUD PUD X P P P Condominium multifamily ("airspace" units) PUD PUD X P P P Apartment multifamily (rental units) X X X P P P Mobilehome parks C C C C C C Mobilehome subdivisions and manufactured homes on individual lots, subject to Section P P P P P X S ATTACHMENT 2 621 (Supp. No. 2, Update 3) Page 2 of 74 9.60.180 Resort residential subject to Section 9.60.310 P P X P P P Guesthouses, subject to Section 9.60.100 A A A A A A Second residential units subject to Section 9.60.090 A A A A A A Group Living and Care Uses Child day care facilities as an accessory use, serving 6 or fewer children, subject to Section 9.60.190 A A A A A A Child day care facilities as an accessory use, serving 7—14 children, subject to Section 9.60.190 A A A A A A Congregate living facilities, 6 or fewer persons P P P P P X Congregate care facility C C C C C C Residential care facilities, 6 or fewer persons P P P P P P Senior citizen residences, 6 or fewer persons P P P P P P Senior group housing, 7 or more persons X X X M M M Time share facilities, subject to Section 9.60.280 M M M M M M Bed and breakfast inns M M M M M M Supportive housing X X X C P C P C P Transitional housing X X X C P C P C P Open Space and Recreational Uses Public parks, playfields and open space P P P P P P Bicycle, equestrian and hiking trails P P P P P P Clubhouses and community pools/cabanas P P P P P P Unlighted tennis and other game courts on private property, subject to Section 9.60.150 A A A A A A Lighted tennis and other game courts on private property, subject to Section 9.60.150 M M M M M M Golf courses and country clubs per Section 9.110.040 P P P P P P Driving range with or without lights M M X M M M Accessory Uses and Structures Home occupations, subject to Section 9.60.110 A A A A A A Cottage food operations, subject to Section 9.60.115 P P P P P P Patio covers, decks, and gazebos, subject to Section 9.60.040 A A A A A A Fences and walls, subject to Section 9.60.030 P P P P P P Satellite dishes and other antennas subject to Section 9.60.080 A A A A A A 622 (Supp. No. 2, Update 3) Page 3 of 74 Swimming pools, spas and cabanas, subject to Section 9.60.070 A A A A A A Garages and carports, subject to Section 9.60.060 A A A A A A Keeping of household pets, subject to Section 9.60.120 A A A A A A On lots of 1 acre or more, the noncommercial keeping of hoofed animals, fowl (except roosters) and rabbits, subject to Section 9.60.120. Hoofed animals include horses, sheep, goats, pot bellied pigs, and similar. The keeping of horses is subject to Section 9.140.060 and limited to one horse per 2.5 acres. A A X X X X Other accessory uses and structures which are customarily associated with and subordinate to the principal use on the premises and are consistent with the purpose and intent of the zoning district. A A A A A A Agricultural Uses Tree crop farming; greenhouses P X X X X X Field crop farming P M X X X X Produce stands, subject to Section 9.100.100 P T X X X X Temporary Uses Garage sales A A A A A A Construction and guard offices, subject to Section 9.60.200 A A A A A A Use of relocatable building M M M M M M Model home complexes and sales offices, subject to Section 9.60.240 M M M M M M Special outdoor events, subject to Section 9.60.170 M M M M M M Parking of recreational vehicles, subject to Section 9.60.130 A A A X X X Other Uses Churches, temples and other places of worship C C C C C C Museum or gallery displaying sculpture, artwork or crafts, including schools for above, on 20 acres or more M M M M M M Community recreational vehicle storage lots, noncommercial A A X A A A Communication towers and equipment (freestanding, new towers) subject to Chapter 9.170 C C C C C C 623 (Supp. No. 2, Update 3) Page 4 of 74 Communication towers and equipment (co- location, mounted to existing facility) subject to Chapter 9.170 M M M M M M Utility substations and facilities M M M M M M Public flood control facilities and devices P P P P P P Other principal, accessory or temporary uses not in this table. Director or planning commission to determine whether use is permitted in accordance with Section 9.20.040. (Ord. 584 § 2, 2020; Ord. 550 § 1, 2016; Ord. 538 § 2, 2016; Ord. 523 § 1, 2015; Ord. 515 § 1, 2013; Ord. 512 § 1, 2013; Ord. 492 § 1, 2011; Ord. 480 § 1, 2010; Ord. 466 § 1, 2009; Ord. 445 § 1, 2007; Ord. 414 § 1, 2005; Ord. 394 § 2, 2003; Ord. 325 § 1, 1998; Ord. 299 § 1, 1997; Ord. 284 § 1, 1996) Chapter 9.60 SUPPLEMENTAL RESIDENTIAL REGULATIONS 9.60.090 Accessory dwelling units. A. Purpose. This section provides standards and criteria for the establishment of accessory dwelling units and junior accessory dwelling units within residential districts, consistent with California Government Code Section 65852.2, subdivision (a)(1) and 65852.22. Accessory dwelling units shall be permitted only in the zones that allow single family or multifamily uses: RVL, RL, RC, RM, RMH, and RH, CR, CP, CC, CN, TC, CO and VC zone districts. Junior accessory dwelling units are permitted in single family zones: RVL, RL, RC, RM, RMH, and RH zone districts. B. Definitions. See Chapter 9.280. For purposes of this section, "second residential unit," "second dwelling unit," "second unit," and "granny flat" as defined in Section 9.280.030 (or successor section) shall not apply, and, instead, "accessory dwelling unit" as defined in California Government Code Section 65852.2(i)(4) (or successor section in the Government Code) shall apply. An accessory dwelling unit shall be either "attached" or "detached" to the primary residence as described in Government Code Section 65852.2(i)(4) (or successor statute). In addition, the following definitions shall apply for purposes of this section: 1. "Junior accessory dwelling unit" means a unit that is no less than one hundred fifty (150) square feet and no more than five hundred (500) square feet in size and contained entirely within a single-family residence. A junior accessory dwelling unit may include separate sanitation facilities, or may share sanitation facilities with the existing structure. 2. "Living area" shall have the same meaning as California Government Code Section 65852.2(i)(1) (or successor section in the Government Code), notwithstanding any provision in Section 9.280.030 of this code to the contrary. 624 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 5 of 74 3. "Primary residence" shall have the same meaning as "dwelling, single-family detached" or "single-family detached dwelling"main or Primary residence” as defined in Section 9.280.030 (or successor section). 4. "Public transit" means a location, including but not limited to, a bus stop or train station, where the public may access buses, trains, subways, and other forms of transportation that charge set fares, run on fixed routes and are available to the public (consistent with Government Code Section 65852.2, subdivision (j)(9). public mass transit that has a major transit stop or bus stop along a high-quality transit corridor as described in California Public Resources Code Section 21155(b) (or successor statute). C. Standards for Accessory Dwelling Units. Subject to allowances set forth in subsection D, tThe following standards shall apply to accessory dwelling units: 1. Except as provided in Government Code Section 65852.26, the accessory dwelling unit may be rented separate from the primary residence, but may not be sold or otherwise conveyed separate from the primary residence. 2. The lot is zoned to allow single-family or multifamily dwelling use and includes a proposed or existing dwelling. 3. The accessory dwelling unit is either attached to, or located within, the proposed or existing primary dwelling, including attached garages, storage areas or similar uses, or an accessory structure or detached from the proposed or existing primary dwelling and located on the same lot as the proposed or existing primary dwelling. 4. The total floor area of an attached accessory dwelling unit shall not exceed 50 percent of the primary dwelling or 800 square feet if the primary dwelling is less than 1,600 square feet. 5. The total floor area for a new detached accessory dwelling unit shall not exceed 1,200 square feet. 6. An accessory dwelling unit shall include a kitchen and bathroom. 7. An efficiency unit as defined by Section 17958.1 of the California Health and Safety Code must be a minimum of 150 square feet. 8. No passageway shall be required in conjunction with the construction of an accessory dwelling unit. 9. No setback shall be required for an existing living area or accessory structure or a structure constructed in the same location and to the same dimensions as an existing structure that is converted to an accessory dwelling unit or to a portion of an accessory dwelling unit, and a setback of no more than four feet from the side and rear lot lines shall be required for an accessory dwelling unit that is not converted from an existing structure or a new structure constructed in the same location and to the same dimensions as an existing structure. 10. The building code requirements in effect at the time a building permit is secured shall apply to detached dwellings. 11. The accessory dwelling unit must be approved by the Riverside County Department of Environmental Health and the Regional Water Quality Control Board where a private sewage disposal system is being used or proposed. 12. Parking requirements for accessory dwelling units shall not exceed one parking space per accessory dwelling unit or per bedroom, whichever is less. These spaces may be provided as tandem parking on a driveway. a. Off-street parking shall be permitted in setback areas or through tandem parking, unless specific findings are made that parking in setback areas or 625 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 6 of 74 tandem parking is not feasible based upon specific site or regional topographical or fire and life safety conditions. b. There shall be no additional parking requirement for an accessory dwelling unit in any of the following instances: i. The accessory dwelling unit is located within one-half mile walking distance of public transit. ii. The accessory dwelling unit is located within an architecturally and historically significant historic district. iii. The accessory dwelling unit is part of the proposed or existing primary residence or an accessory structure. iv. When on-street parking permits are required but not offered to the occupant of the accessory dwelling unit. v. When there is a car share vehicle located within one block of the accessory dwelling unit. c. When a garage, carport, or covered parking structure is demolished in conjunction with the construction of an accessory dwelling unit or converted to an accessory dwelling unit, those off-street parking spaces need not be replaced. 13. One accessory dwelling unit and one junior accessory dwelling unit is permitted per lot with a proposed or existing single-family dwelling if all of the following apply: a. The accessory dwelling unit or junior accessory dwelling unit is within the proposed space of a single-family dwelling or existing space of a single-family dwelling or accessory structure and may include an expansion of not more than 150 square feet beyond the same physical dimensions as the existing accessory structure. An expansion beyond the physical dimensions of the existing accessory structure shall be limited to accommodating ingress and egress. b. The space has exterior access from the proposed or existing single-family dwelling. c. The side and rear setbacks are sufficient for fire and safety. d. The junior accessory dwelling unit complies with the requirements of California Government Code Section 65852.22. 14. One detached, new construction, accessory dwelling unit that does not exceed four- foot side and rear yard setbacks for a lot with a proposed or existing single-family dwelling. The accessory dwelling unit may be combined with a junior accessory dwelling unit described in subsection D, if it complies with the following: a. A total floor area limitation of not more than 800 square feet. b. A height limitation of 16 feet. 15. Multiple accessory dwelling units are permitted within the portions of existing multifamily dwelling structures that are not used as livable space, including, but not limited to, storage rooms, boiler rooms, passageways, attics, basements, or garages, if each unit complies with state building standards for dwellings. a. One accessory dwelling unit is permitted within an existing multifamily dwelling and up to 25 percent of the existing multifamily dwelling units may contain an accessory dwelling unit. b. Not more than two accessory dwelling units that are located on a lot that has an existing multifamily dwelling, but are detached from that multifamily dwelling are permitted, and are subject to a height limit of 16 feet and four- foot rear yard and side setbacks. 16. Accessory dwelling units shall not be required to provide fire sprinklers if they are not required for the primary residence. 626 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 7 of 74 17. An accessory dwelling unit that is rented must be rented for terms longer than 30 days. Under no circumstances shall an accessory dwelling unit be eligible for a Short Term Vacation Rental permit. 18. In the event of any conflicts between the standards set forth in this section and those set forth in the regulations of the applicable zoning district, the provisions of this section shall prevail. 19. The applicant shall pay to the city all applicable fees imposed on such new development of an accessory dwelling unit or new or rehabilitated primary residence that will include an accessory dwelling unit, provided, however, that no impact fee shall be imposed upon the development of an accessory dwelling unit less than 750 square feet, and any impact fees charged for an accessory dwelling unit of 750 square feet or more shall be charged proportionately in relation to the square footage of the primary dwelling unit. 1. An accessory dwelling unit shall be consistent with the provisions of the applicable zoning district in which it is constructed. 2. An accessory dwelling unit shall only be permitted on a lot in which the primary residence and all other structures thereon conform to all minimum requirements of the applicable zoning district. 3. The lot shall contain an existing primary residence at the time an application for an accessory dwelling unit is submitted, or the application for the accessory dwelling unit may be made in conjunction with the development of the primary residence. 4. The accessory dwelling unit must either be attached to, or located within the proposed or existing primary dwelling, including attached garages, storage areas or similar uses, or an accessory structure; or detached from the proposed or existing primary dwelling and located on the same lot as the proposed or existing primary dwelling. 5. Prior to issuance of occupancy approval of the accessory dwelling unit, the city shall require the property owner to enter into a restrictive covenant with the city that the accessory dwelling unit shall not be sold, or title thereto transferred separate from that of the lot or the primary residence; and that the accessory dwelling unit shall be rented for terms longer than thirty (30) days. 6. The maximum increase in gross floor area of an attached accessory dwelling unit shall not exceed fifty percent (50%) of the existing primary residence. 7. The minimum gross floor area of an accessory dwelling unit shall be four hundred (400) square feet, except that the minimum gross floor area of an accessory dwelling unit that qualifies as an efficiency unit under California Health and Safety Code Section 17958.1 (or successor statute) shall be one hundred fifty (150) square feet. 8. The maximum gross floor area of a detached accessory dwelling unit shall not exceed one thousand two hundred (1,200) square feet. 9. An accessory dwelling unit shall have no more than two (2) bedrooms. 627 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 8 of 74 10. The accessory dwelling unit shall be architecturally compatible with the primary residence and surrounding residential neighborhood. If a dispute arises whether the accessory dwelling unit is architecturally compatible with the primary residence, review of the application for the accessory dwelling unit shall be processed as any other design review application under the code but limited to the determination of architectural compatibility. For purposes of this section, "architecturally compatible" means that the accessory dwelling unit generally has the same or substantially similar architectural style, construction and structure materials, paint palette or scheme, and other prominent design features, as the primary residence. 11. No attached accessory dwelling unit shall cause the height of the primary residence to exceed the height limitation for the applicable zoning district. If the attached accessory dwelling unit is not located above any portion of an existing primary residence, the maximum height of the accessory dwelling unit shall not exceed the height of the primary residence. 12. A detached accessory dwelling unit shall not exceed seventeen (17) feet in height nor more than one (1) story. 13. No setback shall be required for an existing living area or accessory structure or a structure constructed in the same location and to the same dimensions as an existing structure that is converted to an accessory dwelling unit or to a portion of an accessory dwelling unit, and a setback of no more than four (4) feet from the side and rear lot lines shall be required for an accessory unit that is constructed not converted from an existing structure or a new structure constructed in the same location and to the same dimensions as an existing structure. 14. An attached accessory dwelling unit may have a separate entrance; provided, however, in no event shall any external stairwell be placed within the front or side yard setback. 15. An accessory dwelling unit shall contain separate kitchen and bathroom facilities. 16. All attached and detached accessory dwelling units shall be equipped with approved smoke detectors conforming to the latest Uniform Building Code standards, mounted on the ceiling or wall at a point centrally located in an area giving access to rooms used for sleeping purposes. 17. In addition to the required parking for the primary residence, one (1) additional off-street parking space shall be provided per accessory unit or per bedroom of the accessory unit, whichever is less, on the same lot as the accessory dwelling unit. One (1) parking space shall be provided for each efficiency unit as defined under California Health and Safety Code Section 17958.1 (or successor statute). Subject to the allowances in subsection D, no variance or adjustment shall be granted to allow substandard parking spaces or locations. 18. All construction, structural alterations or additions made to create an accessory dwelling unit shall comply with current building, electrical, fire, plumbing and zoning code regulations. 19. Accessory dwelling units shall not be required to provide fire sprinklers if they are not required for the primary residence. 628 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 9 of 74 20. In the event of any conflicts between the standards set forth in this section and those set forth in the regulations of the applicable zoning district, the provisions of this section shall prevail. 21. The applicant shall pay to the city all applicable fees imposed on such new development of an accessory dwelling unit or new or rehabilitated primary residence that will include an accessory dwelling unit. 22. The city manager or authorized designee may add other conditions, consistent with general law and applicable state and city standards, as necessary to preserve the health, safety, welfare and character of the residential neighborhood; provided, however, that such conditions shall not unreasonably restrict the ability of an applicant to create an accessory dwelling unit. D. Standards for Junior Accessory Dwelling Units. The following standards shall apply for junior accessory dwelling units: Allowances for Qualifying Accessory Dwelling Units. In accordance with California Government Code Section 65852.2, as amended the following allowances apply for qualifying accessory dwelling units. 1. Parking Requirement Exemptions. If one (1) or more of the following criteria is met: (a) a proposed accessory dwelling unit is located within one-half (½) mile walking distance of public transit; (b) a proposed accessory dwelling unit is located within an architecturally and historically significant historic district; (c) a proposed accessory dwelling unit is part of an existing primary residence or existing accessory structure; (d) the occupant of a proposed accessory dwelling unit would be required to obtain an on-street parking permit from the city; or (e) a proposed accessory dwelling unit is located within one (1) block of a car-share vehicle station or parking area; then the applicant for an accessory dwelling unit may be exempted from the parking requirements under the zone for which the proposed accessory dwelling unit is located. Nothing in this subsection, however, exempts the primary residence from complying with all parking requirements under the zone in which the primary residence is located. Furthermore, nothing in this subsection exempts the owner of the lot from complying with all parking requirements for fire safety, including access to the lot by front and rear setbacks that are to be clear of obstructions. 2. For purposes of this subsection D, "existing accessory structure" means "accessory building or structure" as defined in Section 9.280.030, that exists on the lot with an existing primary residence at the time of submittal for any application relating to the proposed accessory dwelling unit. E. Standards for Junior Accessory Dwelling Units. 1. Junior accessory dwelling units shall be limited to one (1) per residential lot zoned for single-family residences with a single-family residence already built or proposed to be built, on the lot. 2. The single-family residence in which the junior accessory dwelling unit will occur must be owner-occupied. The owner may reside in either the remaining portion of the structure or the newly created junior accessory dwelling unit. Owner- occupancy shall not be required if the owner is another governmental agency, land trust, or housing organization. 629 Created: 2022-03-25 11:00:32 [EST] (Supp. No. 2, Update 3) Page 10 of 74 3. Prior to issuance of occupancy approval of the accessory dwelling unit, the city may require the property owner to enter into a restrictive covenant with the city prohibiting the sale of the junior accessory dwelling unit separate from the sale of the single-family residence, including a statement that the deed restriction may be enforced against future purchasers; and restricting the size and attributes of the junior accessory dwelling unit that conforms with this section. 4. A junior accessory dwelling unit must be constructed within the walls of the proposed or existing single-family residence. 5. A junior accessory dwelling shall provide a separate entrance from the main entrance to the proposed or existing single-family residence. 6. A junior accessory dwelling unit shall include an efficiency kitchen, which shall include all of the following: a. A cooking facility with appliances, and b. A food preparation counter and storage cabinets that are of reasonable size in relation to the size of the junior accessory dwelling unit. 7. Parking: A junior accessory dwelling unit shall not require parking in addition to that required for the proposed or existing single-family residence. 8. For the purposes of providing service for water, sewer, or power, including a connection fee, a junior accessory dwelling unit shall not be considered a separate or new dwelling unit. F. A permit application for an accessory dwelling unit or a junior accessory dwelling unit shall be considered and approved ministerially without discretionary review or a hearing. The director, or his/her designee, shall act on the application within sixty (60) days from the date the application is found complete if there is an existing single-family or multifamily dwelling on the lot. If the permit application to create an accessory dwelling unit or a junior accessory dwelling unit is submitted with a permit application to create a new single-family dwelling on the lot, the director may delay acting on the permit application for the accessory dwelling unit or the junior accessory dwelling unit until the issuance of a building permit for the new single-family dwelling. If the applicant requests a delay, the sixty (60)-day time period shall be tolled for the period of the delay. G. If an application for an accessory dwelling unit or junior accessory dwelling unit is submitted or required to be submitted with any other applications that require or permit ministerial or discretionary review under the code, nothing in this section precludes the processing and review of those other applications pursuant to those other provisions in the code. ( Ord. 588 § 2(Exh. A), 2-2-2021; Ord. 561 § 1, 2017; Ord. 550 § 1, 2016; Ord. 445 § 2, 2007; Ord. 299 § 1, 1997; Ord. 284 § 1, 1996) 9.60.180 Manufactured housing and mobile homes. A. Purpose. This section is intended to provide standards and criteria for the placement, design, and construction of manufactured, modular and mobile homes in residential districts consistent with Section 65852.3 et seq. of the State Government Code. 630 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 11 of 74 B. Definition. See Chapter 9.280. For purposes of simplicity, the term manufactured home is used in this section. C. Mobile Home Parks. In accordance with Section 65852.7 of the State Government Code, mobile home parks are permitted in all residential districts if a conditional use permit is approved. Development standards for such parks shall be as follows: minimum thirty percent (30%) common open area and minimum perimeter setbacks of twenty (20) feet at any point and twenty-five (25) feet average over the entire perimeter. D. Individual Manufactured Homes. In accordance with Section 65852.3 et seq. of the State Government Code, individual mobile homes may beare permitted as permanent or temporary dwellings on single-family lots within the RVL, RL, RC, RM, and RMH districts. E. Minor Use Permit Required. Approval of a minor use permit by the planning commission shall be required prior to the placement of a manufactured home on a single-family lot subject to the provisions of Section 9.210.025. The permit shall not be approved unless the director finds that the dwelling meets Mobilehomes must meet the same development standards as provided for single-family homes for each district as set forth in Chapter 9.50 and elsewhere in this code in addition to the standard findings for approval of a site development permit per Section 9.210.010. (Ord. 584 § 2, 2020; Ord. 550 § 1, 2016; Ord. 325 § 1, 1998; Ord. 299 § 1, 1997; Ord. 284 § 1, 1996) 9.60.260 Density bonuses for affordable housing. A. Purpose and Application. The purpose of this section is to (1) establish procedures for implementing state density bonus requirements, as set forth in California Government Code Section 65915, as amended, (2) increase the production of affordable housing, consistent with the city's goals, objectives, and policies and (3) implement the provisions of the city's general plan housing element policies and programs relating to the provision of affordable housing. When an applicant seeks a density bonus for a housing development, or for the donation of land for housing, within the city's jurisdiction, the city shall provide the applicant incentives or concessions for the production of housing units and child daycare facilities as prescribed in this section. B. Definitions. See Chapter 9.280. Also, the following definitions shall apply to this section: 1. "Applicant" means a developer or applicant for a density bonus pursuant to Government Code Section 65915, subdivision (b), of the California Government Code and subsection C of this section. 2. “Development standard” includes a site or construction condition, including, but not limited to, a height limitation, a setback requirement, a floor area ratio, an onsite open-space requirement, or a parking ratio that applies to a residential development pursuant to any ordinance, general plan element, specific plan, charter, or other City condition, law, policy, resolution, or regulation. 23. "Housing development," means one (1) or more groups of projects for residential units in the planned development of the city. "Housing development" also includes 631 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 12 of 74 a subdivision or common interest development, as defined in Section 1351 of the California Civil Code, approved by the city and consisting of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Government Code Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. 4. “Located within one-half mile of a major transit stop” means that any point on a proposed development, for which an applicant seeks a density bonus, other incentives or concessions, waivers or reductions of development standards, or a vehicular parking ratio pursuant to this section, is within one-half mile of any point on the property on which a major transit stop is located, including any parking lot owned by the transit authority or other local agency operating the major transit stop. 5. “Lower income student” means a student who has a household income and asset level that does not exceed the level for Cal Grant A or Cal Grant B award recipients as set forth in paragraph (1) of subdivision (k) of Section 69432.7 of the Education Code. The eligibility of a student to occupy a unit for lower income students under this section shall be verified by an affidavit, award letter, or letter of eligibility provided by the institution of higher education in which the student is enrolled or by the California Student Aid Commission that the student receives or is eligible for financial aid, including an institutional grant or fee waiver from the college or university, the California Student Aid Commission, or the federal government. 6. “Major transit stop” has the same meaning as defined in subdivision (b) of Section 21155 of the Public Resources Code. 7. “Maximum allowable residential density” means the density allowed under the zoning ordinance and land use element of the general plan, or, if a range of density is permitted, means the maximum allowable density for the specific zoning range and land use element of the general plan applicable to the project. If the density allowed under the zoning ordinance is inconsistent with the density allowed under the land use element of the general plan, the general plan density shall prevail. 38. "Qualified mobile home park" means a mobile home park that limits residency based on age requirements for housing for older persons pursuant to Section 798.76 or 799.5 of the California Civil Code. 49. "Senior citizen housing development" means senior citizen housing as defined in Sections 51.3 and 51.12 of the California Civil Code. 510. "Specific adverse impact" means any adverse impact as defined in paragraph (2), subdivision (d), of Government Code Section 65589.5, upon public health and safety or the physical environment, or on any real property that is listed in the California Register of Historical Resources, and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact without rendering the housing development unaffordable to low- and moderate-income households. 632 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 13 of 74 11. “Total units” or “total dwelling units” means a calculation of the number of units that: a. Excludes a unit added by a density bonus awarded pursuant to this section. b. Includes a unit designated to satisfy an inclusionary zoning requirement. C. Qualifications for Density Bonus and Incentives and Concessions. 1. The city shall grant one (1) density bonus as specified in subsection G of this section, and incentives or concessions as described in subsection E, when an applicant seeks and agrees to construct a housing development, excluding any units permitted by the density bonus awarded pursuant to this section, that will contain at least any one (1) of the following: a. Ten percent of the total units of a housing development for rental or sale to lower income households, as defined in Section 50079.5 of the Health and Safety Code. b. Five percent of the total units of a housing development for rental or sale to very low income households, as defined in Section 50105 of the Health and Safety Code. c. A senior citizen housing development, as defined in Sections 51.3 and 51.12 of the Civil Code, or a mobilehome park that limits residency based on age requirements for housing for older persons pursuant to Section 798.76 or 799.5 of the Civil Code. d. Ten percent of the total dwelling units of a housing development are sold for rental or sale to persons and families of moderate income, as defined in Section 50093 of the Health and Safety Code provided that all units in the development are offered to the public for purchase. e. Ten percent of the total units of a housing development for transitional foster youth, as defined in Section 66025.9 of the Education Code, disabled veterans, as defined in Section 18541, or homeless persons, as defined in the federal McKinney-Vento Homeless Assistance Act (42 U.S.C. Sec. 11301 et seq.). The units described in this subparagraph shall be subject to a recorded affordability restriction of 55 years and shall be provided at the same affordability level as very low income units. f. Twenty percent of the total units for lower income students in a student housing development that meets the following requirements: i. All units in the student housing development will be used exclusively for undergraduate, graduate, or professional students enrolled full time at an institution of higher education accredited by the Western Association of Schools and Colleges or the Accrediting Commission for Community and Junior Colleges. In order to be eligible under this subclause, the developer shall, as a condition of receiving a certificate of occupancy, provide evidence to the city, county, or city and county that the developer has entered into an operating agreement or master lease with one or more institutions of higher education for the institution or institutions to occupy all units of the student housing development with students from that institution or institutions. An operating agreement or master lease entered 633 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 14 of 74 into pursuant to this subclause is not violated or breached if, in any subsequent year, there are not sufficient students enrolled in an institution of higher education to fill all units in the student housing development. ii. The applicable 20-percent units will be used for lower income students. iii. The rent provided in the applicable units of the development for lower income students shall be calculated at 30 percent of 65 percent of the area median income for a single-room occupancy unit type. Ten percent (10%) of the total units of the housing development as affordable housing units affordable to lower income households; or iv. The development will provide priority for the applicable affordable units for lower income students experiencing homelessness. A homeless service provider, as defined in paragraph (3) of subdivision (e) of Section 103577 of the Health and Safety Code, or institution of higher education that has knowledge of a person’s homeless status may verify a person’s status as homeless for purposes of this subclause. For purposes of calculating a density bonus granted pursuant to this subparagraph, the term “unit” as used in this section means one rental bed and its pro rata share of associated common area facilities. The units described in this subparagraph shall be subject to a recorded affordability restriction of 55 years. g. 100 percent of all units in the development, including total units and density bonus units, but exclusive of a manager’s unit or units, are for lower income households, as defined by Section 50079.5 of the Health and Safety Code, except that up to 20 percent of the units in the development, including total units and density bonus units, may be for moderate-income households, as defined in Section 50053 of the Health and Safety Code.b. Five percent (5%) of the total units of the housing development as affordable housing units affordable to very low income households; or c. A senior citizen housing development; or d. A qualified mobile home park; or e. Ten percent (10%) of the total units of a common interest development as affordable housing units affordable to moderate income households, provided that all units in the development are offered to the public for purchase subject to the restrictions specified in this section. 2. As used in subsection (C)(1) of this section, the term "total units" does not include units permitted by a density bonus awarded pursuant to this section or any other local law granting a greater density bonus. 3. Election of Density Bonus Category. Each applicant who requests a density bonus pursuant to this section shall elect whether the bonus shall be awarded on the basis of subsection a, b, c, d, e, f or e f gof subsection (C)(1). Each housing development is entitled to only one (1) density bonus, which may be selected based on the percentage of either very low affordable housing units, lower income 634 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 15 of 74 affordable housing units or moderate income affordable housing units, or the development's status as a senior citizen housing development, student housing development or qualified mobile home park. Density bonuses from more than one (1) category may not be combined. 4. Previous Density Bonuses. The density bonus provisions shall not apply to any parcel or project area which has previously been granted increased density through a general plan amendment, zone change or other permit to facilitate affordable housing. D. Continued Affordability. 1. Prior to the issuance of building permits for any dwelling unit, an applicant shall enter into a written agreement with the city to ensure and guarantee the continued affordability of all low and very low income units that qualified the applicant for the award of the density bonus for a period of thirty fifty-five (3055) years or a longer period of time if required by the construction or mortgage financing assistance program, mortgage insurance program, or rental subsidy program. Rents for affordable housing units for lower income households shall be set at an affordable rent. Owner-occupied affordable housing units shall be available at an affordable housing cost. a. The terms and conditions of the agreement shall run with the land, shall be binding upon all successors in interest of the applicant, and shall be recorded in the office of the Riverside County Recorder. b. The agreement shall also include the following provisions: i. The applicant shall grant the city the continuing right of refusal to purchase or lease any or all of the designated units at fair market value; ii. The deeds to the designated units shall contain a covenant stating that the applicant or the applicant's successor in interest shall not sell, rent, lease, sublet, assign, or otherwise transfer (whether voluntarily, involuntarily or by operation of law) any interest in such unit without written approval of the city, confirming that the sales price or lease/rent amount of the unit is consistent with the limits established for low- and very-low income households as adjusted by the Consumer Price Index; and iii. The city shall also have the authority to enter into other agreements with the applicant or purchases or lessees of the dwelling units as may be necessary to assume that the designated dwelling units are continuously occupied by eligible households. 2. Prior to the issuance of building permits for any dwelling unit, an applicant shall agree to, and the city shall ensure, that the initial occupant of moderate-income units that are related to the receipt of the density bonus in a common interest development, are persons and families of moderate income and that the units are offered at an affordable housing cost. With respect to moderate-income units in a common interest development, the city shall require the applicant to enter and shall enforce an equity-sharing agreement, unless it is in conflict with the requirements of another public funding source or law. The following shall apply to the equity-sharing agreement: 635 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 16 of 74 a. Upon resale, the seller of the moderate-income unit in a common interest development unit shall retain the value of any improvements, the down payment, and the seller's proportionate share of appreciation. The city shall recapture any initial subsidy and its proportionate share of appreciation, which shall then be used within five (5) years for any of the purposes that promote homeownership as described in subdivision (e) of Section 33334.2 of the California Health and Safety Code. b. For purposes of this subsection (D)(2), the city's initial subsidy shall be equal to the fair market value of the moderate-income unit in a common interest development at the time of initial sale minus the initial sale price to the moderate-income household, plus the amount of any down payment assistance or mortgage assistance. If upon resale the market value is lower than the initial market value, then the value at the time of the resale shall be used as the initial market value. c. For purposes of this subsection (D)(2), the city's proportionate share of appreciation shall be equal to the ratio of the initial subsidy to the fair market value of the moderate-income unit in a common interest development at the time of initial sale. d. The applicant shall grant the city a right of first refusal to purchase any or all of the designated units at fair market value, which right of first refusal shall apply to subsequent sellers. E. Incentives and Concessions. 1. An applicant for a density bonus may also submit to the city a proposal for specific incentives or concessions in exchange for the provision of affordable housing units in accordance with this section. The applicant may also request a meeting with the city to discuss such proposal. The city shall grant the concession or incentive requested by the applicant unless the city makes a written finding, based upon substantial evidence, of either of the following: a. The concession or incentive is not required in order to provide for affordable housing costs or for rents for the targeted units to be set as specified in subsection D of this section (i.e., the applicant is unable to demonstrate that the waiver or modification is necessary to make the housing units economically feasible); or b. The concession or incentive would have a specific adverse impact, as defined in paragraph (2) of subdivision (d) of Section 65589.5 of the Health and Safety Code, upon public health and safety or the physical environment or on any real property that is listed in the California Register of Historical Resources and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact without rendering the development unaffordable to low- and moderate-income households. c. The concession or incentive would be contrary to state or federal law. 2. If the conditions of subsection C and subsection 1 of this subsection E are met by an applicant, the city may grant an applicant applying for incentives or concessions the following number of incentives or concessions: a. One (1) incentive or concession for housing developments that include: At least ten percent (10%) of the total units affordable to lower income 636 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 17 of 74 households; or at least five percent (5%) of the total units affordable to very low income households; or at least ten percent (10%) of the total units affordable to persons and families of moderate income in a common interest developmentdevelopment in which the units are for rental or sale. b. Two (2) incentives or concessions for housing developments that include: At least twenty seventeen percent (2017%) of the total units affordable to lower income households; or at least ten percent (10%) of the total units affordable to very low income households; or at least twenty percent (20%) of the total units affordable to persons and families of moderate income in a development in which the units are for rental or sale. common interest development. c. Three (3) incentives or concessions for housing developments that include: At least thirty twenty-four percent (3024%) of the total units for lower income households; or at least fifteen percent (15%) for very low income households; or at least thirty percent (30%) for persons and families of moderate income in a development in which the units are for rental or sale.common interest development. d. Four (4) incentives of concessions iIf the project includes 100% affordable housing units, excluding the manager’s unit. If, and the project is within one- half mile of a major transit stop, and the applicant shall also receive a height increase of up to three additional stories, or 33 feet. e. One incentive or concession for projects that include at least twenty (20) percent of the total units for lower income students in a student housing development. 3. For the purposes of this section, available concessions or incentives may include any of the following: a. A reduction in site development standards or a modification of zoning code requirements or architectural design requirements that exceed the minimum building standards approved by the California Building Standards Commission as provided in Part 2.5 (commencing with Section 18901) of Division 13 of the California Health and Safety Code, including, but not limited to, a reduction in setback and square footage requirements and in the ratio of vehicular parking spaces that would otherwise be required that results in identifiable, financially sufficient, and actual cost reductions. b. Approval of mixed use zoning in conjunction with the housing development if commercial, office, industrial, or other land uses will reduce the cost of the housing development and if the commercial, office, industrial, or other land uses are compatible with the housing project and the existing or planned development in the area where the proposed housing development will be located. c. Other regulatory incentives or concessions proposed by the applicant or the city that result in identifiable, financially sufficient, and actual cost reductions. d. For purposes of this section, the parking ratios set forth in Government Code Section 65915 (and subsection K of this section) for qualified affordable housing projects shall be deemed a concession or incentive available to the applicant. 637 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 18 of 74 4. This subsection does not limit or require the provision of direct financial incentives for the housing development, including the provision of publicly-owned land, by the city or the waiver of fees or dedication requirements. Nor does any provision of this subsection require the city to grant an incentive or concession found to have a specific adverse impact. 5. The granting of a concession or incentive shall not be interpreted, in and of itself, to require a general plan amendment, zoning change, or other discretionary approval. 6. The application and review process for a proposal of incentives and concessions is set forth in subsection L of this section. F. Waiver/Modification of Development Standards. 1. Applicants may, by application, seek a waiver, modification or reduction of development standards that will otherwise preclude or inhibit the use of density bonus units in a housing development at the densities or with the concessions or incentives permitted by this section. The applicant may also request a meeting with the city to discuss such request for waiver/modification. In order to obtain a waiver/modification of development standards, the applicant shall show that (a) the waiver or modification is necessary to make the housing units economically feasible, and (b) that the development standards will have the effect of precluding the construction of a housing development meeting the criteria of subsection (C)(1), at the densities or with the concessions or incentives permitted by this section. 2. Nothing in this subsection shall be interpreted to require the city to waive, modify or reduce development standards if the wavier, modification or reduction would have a specific adverse impact. 3. The application and review process for a waiver/modification of development standards is set forth in subsection L of this section. 4. Waiver or Reduction of Development Standards. a. In no case may the city apply any development standard that will have the effect of physically precluding the construction of a development meeting the criteria of subsection C at the densities or with the concessions or incentives permitted by this section. An applicant may submit to the city a proposal for the waiver or reduction of development standards that will have the effect of physically precluding the construction of a development meeting the criteria of subsection C at the densities or with the concessions or incentives permitted under this section, and may request a meeting with the city. If a court finds that the refusal to grant a waiver or reduction of development standards is in violation of this section, the court shall award the plaintiff reasonable attorney's fees and costs of suit. Nothing in this subdivision shall be interpreted to require the city to waive or reduce development standards if the waiver or reduction would have a specific, adverse impact, as defined in paragraph (2) of subsection (d) of Section 65589.5, upon health, safety, or the physical environment, and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact. Nothing in this subdivision shall be interpreted to require the city to waive or reduce development standards that would have an adverse impact on any real 638 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 19 of 74 property that is listed in the California Register of Historical Resources or to grant any waiver or reduction that would be contrary to state or federal law. b. A proposal for the waiver or reduction of development standards pursuant to this subdivision shall neither reduce nor increase the number of incentives or concessions to which the applicant is entitled pursuant to subsection C. G. Specified Density Bonus Percentages. Only housing developments consisting of five (5) or more dwelling units are eligible for the density bonus percentages provided by this subsection. The amount of density bonus to which the applicant is entitled shall vary according to the amount by which the percentage of affordable housing units exceeds the percentage established in subsection (C)(1). 1. For housing developments meeting the criteria of subsection (C)(1)(a), the density bonus shall be calculated as follows: Percentage Low-Income Units Percentage Density Bonus 10 20 11 21.5 12 23 13 24.5 14 26 15 27.5 16 29 17 30.5 18 32 19 33.5 20 35 (maximum) 21 38.75 22 42.5 23 46.25 24 50 2. For housing developments meeting the criteria of subsection (C)(1)(b), the density bonus shall be calculated as follows: Percentage Very Low Income Units Percentage Density Bonus 5 20 6 22.5 7 25 8 27.5 9 30 10 32.5 11 35 (maximum) 12 38.75 13 42.5 14 46.25 15 50 639 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 20 of 74 3. For housing developments meeting the criteria of subsection (C)(1)(c) and (de), the density bonus shall be twenty percent (20%). 4. For housing developments meeting the criteria of subsection (C)(1)(f), the density bonus shall be thirty-five percent (35%). 5. For housing development meeting the criteria of subsection (C)(1)(g), the following shall apply: i. The density bonus shall be 80 percent of the number of units for lower income households. ii. If the housing development is located within one-half mile of a major transit stop, the city shall not impose any maximum controls on density. 4. For housing developments meeting the criteria of subsection (C)(1)(ed), the density bonus shall be calculated as follows: Percentage Moderate Income Units Percentage Density Bonus 10 5 11 6 12 7 13 8 14 9 15 10 16 11 17 12 18 13 19 14 20 15 21 16 22 17 23 18 24 19 25 20 26 21 27 22 28 23 29 24 30 25 31 26 32 27 33 28 34 29 35 30 36 31 37 32 38 33 39 34 40 35 (maximum) 41 38.75 640 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 21 of 74 42 42.5 43 46.25 44 50 5. An applicant may elect to accept a lesser percentage of density bonus than that to which the applicant is entitled under this section. All density bonus calculations resulting in a fractional number shall be rounded upwards to the next whole number. The granting of a density bonus shall not be interpreted, in and of itself, to require a general plan amendment, zoning change, or other discretionary approval. 6. For the purpose of calculating a density bonus, the residential units do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located. 7. The application and review process for a density bonus as provided by this section is set forth in subsection L of this section. H. Land Donation. When a developer of a housing development donates land to the city as provided for in this subsection, the applicant shall be entitled to a fifteen percent (15%) increase above the otherwise maximum allowable residential density under the applicable zoning ordinance and land use element of the general plan for the entire housing development, as follows: Percentage Very Low Income Units Percentage Density Bonus 10 15 11 16 12 17 13 18 14 19 15 20 16 21 17 22 18 23 19 24 20 25 21 26 22 27 23 28 24 29 25 30 26 31 27 32 28 33 29 34 30 35 (maximum) 641 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 22 of 74 This increase shall be in addition to any increase in density mandated by subsection C, up to a maximum combined mandated density increase of thirty-five percent (35%), if an applicant seeks both the increase required pursuant to this subsection and subsection C. All density calculations resulting in fractional units shall be rounded up to the next whole number. Nothing in this subsection shall be construed to enlarge or diminish the city's authority to require an applicant to donate land as a condition of development. 1. An applicant shall be eligible for the increased density bonus described in this section if the city is able to make all the following findings: a. The applicant donates and transfers the land no later than the date of approval of the final subdivision map, parcel map, or residential development application. b. The developable acreage and zoning classification of the land being transferred are sufficient to permit construction of units affordable to very low income households in an amount not less than ten percent (10%) of the number of residential units of the proposed development. c. The transferred land is at least one (1) acre in size or of sufficient size to permit development of at least forty (40) units, has the appropriate general plan designation, is appropriately zoned for development as affordable housing, and is or will be served by adequate public facilities and infrastructure. The land shall have appropriate zoning and development standards to make the development of the affordable units feasible. No later than the date of approval of the final subdivision map, parcel map, or development application for the housing development, the transferred land shall have all of the permits and approvals, other than building permits, necessary for the development of very low income housing units on the transferred land, except that the city may subject the proposed development to subsequent design review to the extent authorized by subdivision (i) of Government Code Section 65583.2 if the design is not reviewed by the local government prior to the time of transfer. d. The transferred land and the very low income units constructed on the land will be subject to a deed restriction ensuring continued affordability of the units consistent with this section, which restriction will be recorded on the property at the time of dedication. e. The land is transferred to the city or to a housing developer approved by the city. The city may require the applicant to identify and transfer the land to such city-approved developer. f. The transferred land shall be within the boundary of the proposed development or, if the city agrees in writing, within one-quarter (¼) mile of the boundary of the proposed development. g. A proposed source of funding for the very low income units shall be identified not later than the date of approval of the final subdivision map, parcel map, or residential development application. 2. The application and review process for a donation of land and related density bonus is set forth in subsection L of this section. I. Child Daycare Facilities. 642 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 23 of 74 1. When an applicant proposes to construct a housing development that includes affordable units as specified in subsection C and includes a child daycare facility that will be located on the premises of, as part of, or adjacent to such housing development, the city shall grant either of the following if requested by the developer. a. An additional density bonus that is an amount of square feet of residential space that is equal to or greater than the amount of square feet in the child daycare facility. b. An additional concession or incentive that contributes significantly to the economic feasibility of the construction of the child daycare facility. 2. A housing development shall be eligible for the density bonus or concession described in this subsection if the city, as a condition of approving the housing development, requires all of the following to occur: a. The child daycare facility will remain in operation for a period of time that is as long as or longer than the period of time during which the affordable housing units are required to remain affordable pursuant to subsection D. b. Of the children who attend the child daycare facility, the percentage of children of very low income households, lower income households, or moderate income households shall be equal to or greater than the percentage of affordable housing units that are proposed to be affordable to very low income households, lower income households, or moderate income households. c. Notwithstanding any requirement of this subsection, the city shall not be required to provide a density bonus or concession for a child daycare facility if it finds, based upon substantial evidence, that the community already has adequate child daycare facilities. 3. The application and review process for the provision of child daycare facilities and related density bonus or concessions or incentives is set forth in subsection L of this section. J. Condominium Conversions. Any developer converting condominiums of a housing development of five (5) units or more who seeks a density bonus, shall make such application in conjunction with its tract map application pursuant to the Subdivision Map Act, Section 9.60.260 of this code and consistent with Government Code Section 65915.5. Any appeal of any concession or incentive or review by the planning commission or city council shall automatically require an appeal of the underlying map to that body. An applicant shall be ineligible for a density bonus or other incentives under this section if the apartments proposed for conversion constitute a housing development for which a density bonus or other incentives were provided under Government Code Section 65915. K. By-Right Parking Incentives. Housing developments meeting any of the criteria of subsection (C)(1), shall be granted the following maximum parking ratios, inclusive of handicapped and guest parking, which shall apply to the entire development, not just the restricted affordable units, when requested by a developer: 1. Zero (0) to one (1) bedroom dwelling unit: one (1) onsite parking space; 643 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 24 of 74 2. Two (2) to three (3) bedrooms dwelling unit: two (2)one and one-half (1½) onsite parking spaces; 3. Four (4) or more bedrooms: two and one-half (2½) parking spaces. If the total number of spaces required results in a fractional number, it shall be rounded up to the next whole number. For purposes of this subsection, a development may provide "onsite parking" through tandem parking or uncovered parking, but not through on-street parking. If a development includes at least 20 percent low-income units or at least 11 percent very low income units and is located within one-half mile of a major transit stop, and there is unobstructed access to the major transit stop from the development, then, upon the request of the developer, the city shall not impose a vehicular parking ratio, inclusive of parking for persons with a disability and guests, that exceeds 0.5 spaces per unit. If a development includes at least 40 percent moderate-income units and is located within one-half mile of a major transit stop, and the residents of the development have unobstructed access to the major transit stop from the development then, upon the request of the developer, the city shall not impose a vehicular parking ratio, inclusive of parking for persons with a disability and guests, that exceeds 0.5 spaces per bedroom. For purposes of this subdivision, “unobstructed access to the major transit stop” means a resident is able to access the major transit stop without encountering natural or constructed impediments. For purposes of this subparagraph, “natural or constructed impediments” includes, but is not limited to, freeways, rivers, mountains, and bodies of water, but does not include residential structures, shopping centers, parking lots, or rails used for transit. If a development consists solely of rental units, exclusive of a manager’s unit or units, with an affordable housing cost to lower income families, then, upon the request of the developer, the city shall not impose vehicular parking standards if the development meets either of the following criteria: a. The development is located within one-half mile of a major transit stop and there is unobstructed access to the major transit stop from the development. b. The development is a for-rent housing development for individuals who are 62 years of age or older that complies with Sections 51.2 and 51.3 of the Civil Code and the development has either paratransit service or unobstructed access, within one-half mile, to fixed bus route service that operates at least eight times per day. If a development consists solely of rental units, exclusive of a manager’s unit or units, with an affordable housing cost to lower income families, and the development is either a special needs housing development, as defined in Section 51312 of the Health and Safety Code, or a supportive housing development, as defined in Section 50675.14 of the Health and Safety Code, then, upon the request of the developer, the city shall not impose any minimum vehicular parking requirement. A development that is a special needs housing development shall have either paratransit service or unobstructed access, within one-half mile, to fixed bus route service that operates at least eight times per day. 644 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 25 of 74 L. Application and Review Procedures. 1. A written application for a density bonus, incentive, concession, waiver, or modification pursuant to this section shall be submitted with the first application that is submitted for approval of a housing development and processed concurrently with all other applications required for the housing development. Notwithstanding any other requirements, affordable housing projects processed under this section shall require approval of a conditional use permit, subject to the requirements of Government Code Section 65589.5(d). The application shall be submitted on a form prescribed by the city and shall include at least the following information: a. Site plan showing total number of units, number and location of affordable housing units, and number and location of proposed density bonus units. b. Level of affordability of affordable housing units and proposals for ensuring affordability. c. A specific description of any requested incentives, concessions, waivers or modifications of development standards, or modified parking standards. The application shall include evidence that the requested incentives and concessions are required for the provision of affordable housing costs and/or affordable rents, as well as evidence relating to any other factual findings required under subsection E. d. If a density bonus or concession is requested in connection with a land donation, the application shall show the location of the land to be dedicated and provide evidence that each of the findings included in subsection H can be made. e. If a density bonus or concession/incentive is requested for a childcare facility, the application shall show the location and square footage of the child daycare facilities and provide evidence that each of the findings included subsection I can be made. 2. An application for a density bonus, incentive or concession pursuant to this section shall be considered by and acted upon by the approval body with authority to approve the housing development and subject to the same administrative appeal procedure, if any. In accordance with state law, neither the granting of a concession, incentive, waiver, or modification nor the granting of a density bonus shall be interpreted, in and of itself, to require a general plan amendment, zoning change, variance, or other discretionary approval. 3. For housing developments requesting a waiver, modification or reduction of a development standard, an application pursuant to this subdivision shall be heard by the planning commission. A public hearing shall be held by the planning commission and the commission shall issue a determination. Pursuant to Government Code Section 65915, the planning commission shall approve the requested waiver/modification or reduction of development standards, unless one (1) of the following conditions applies: a. The waiver/modification is not required to make the proposed affordable housing units feasible; or b. The waiver/modification will have a specific adverse impact. 645 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 26 of 74 The decision of the planning commission may be appealed to the city council in the manner provided in Section 9.200.120 of the La Quinta Municipal Code. 4. Notice of any city determination pursuant to this section shall be provided to the same extent as required for the underlying development approval. ) Chapter 9.80 NONRESIDENTIAL PERMITTED USES 9.80.020 Table of permitted uses. A. Uses and Structures Permitted. Table 9-5, Permitted Uses in Nonresidential Districts, following, specifies those uses and structures which are permitted within each nonresidential district. The letters in the columns beneath the district designations mean the following: 1. "P": Permitted as a principal use within the district. 2. "A": Permitted only if accessory to the principal use on the site. 3. "C": Permitted as a principal or accessory use if a conditional use permit is approved. 4. "M": Permitted if a minor use permit is approved. 5. "T": Permitted as a temporary use only. 6. "X": Prohibited in the district. 7. "S": Permitted under a specific plan. B. Uses Not Listed in Table. Land uses which are not listed in Table 9-5 are not permitted unless the planning or the planning commission determines that such use is within one (1) of the permitted use categories listed (e.g., principal use, conditional use, etc.) in accordance with Section 9.20.040. Table 9-5 Permitted Uses in Nonresidential Districts P = Permitted use A = Accessory use C = Conditional use permit M = Minor use permit T = Temporary use permit X = Prohibited use Regional Commercial Commercial Park Community Commercial Neighborhood Commercial Tourist Commercial Office Commercial Major Community Village Commercial Land Use CR CP CC CN CT CO MC VC Retail Uses 646 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 27 of 74 Retail stores under 10,000 sq. ft. floor area per business P P P P P P X P Retail stores1 , 10,000—50,000 sq. ft. floor area P P P P X X X P Retail stores1 , over 50,000 sq. ft. floor area P C M X X X X X Food, liquor and convenience stores under 10,000 sq. ft. floor area, open less than 18 hours/day2 P A P P A A X P Food, liquor and convenience stores under 10,000 sq. ft. floor area, open 18 or more hours/day2 M X M M M X X M Plant nurseries and garden supply stores, with no propagation of plants on the premises, subject to Section 9.100.110 (Outdoor storage and display) P X P P X X X P Showroom/catalog stores, without substantial on-site inventory P P P X X X X X General Services Barbershops, beauty, nail and tanning salons and similar uses P A P P P A X P Miscellaneous services such as travel services, photo and video services, shoe repair, appliance repair, and similar uses P A P P P A X P Laundromats and dry cleaners, except central cleaning plants P X P P P X X M Printing, blueprinting and copy services P P P P P P X P Pet grooming—without overnight boarding P X P P P X X P Office and Health Services Banks P X P P P P X P General and professional offices P P P P P P P P Medical offices—physicians, dentists, optometrists, chiropractors and similar practitioners, 3 or fewer offices in one building P P P P P P X P Medical centers/clinics—four or more offices in one building P X P C X P X P Surgicenters/medical clinics P P P C X P X X Hospitals C X X X X X C X Convalescent hospitals C X C X X X C X Veterinary clinics/animal hospitals and pet boarding (indoor only) M M M M X X X M Dining, Drinking and Entertainment Uses Restaurants, other than drive-through P A P P P X A P Restaurants, drive-through P A P X P X X X 647 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 28 of 74 Restaurants, counter take-out with ancillary seating, such as yogurt, ice cream, pastry shops and similar P P P P P X A P Bars and cocktail lounges M M M M M X X M Dance clubs and nightclubs C C C X C X X C Dancing or live entertainment as an accessory use A A A A A X X A Theaters, live or motion picture P X M M M X A M Tobacco shops without onsite smoking, as per the provisions of the Heath and Sanitation Code P X P P A X X P Cigar lounges, hookah bars, and similar uses with onsite smoking, as per the provisions of the Health and Sanitation Code M X M M A X X M Recreation Uses Bowling alleys P X P X P X X C Pool or billiard centers as a principal use C C C X C X X C Pool or billiard tables as accessory use (3 tables or less) A A A A A A X A Game machines as an accessory use A A A A A A X A Golf courses and country clubs (see GC district permitted uses, Chapter 9.120) X X X X A X X X Driving range unlighted P A C X P A P X Tennis clubs or complexes C A C X X A C X Health clubs, martial arts studios, and dance studios, 5,000 sq. ft. floor area or less P P P P P P P P Health clubs, martial arts studios, and dance studios, over 5,000 sq. ft. floor area M M M M M M M M Libraries P P P P P P P P Museum P P P P P P P P Arts and crafts studios, including classes P P P P P P P P Parks, unlighted playfields and open space P P P P P P P P Lighted playfields X X X X X X C C Bicycle, equestrian and hiking trails P P P P P P P P Indoor pistol or rifle ranges X C X X X X X X Indoor or outdoor commercial recreation centers M M M M M M X M Ice skating rinks M M M X M X M X Assembly Uses Lodges, union halls, social clubs and community centers P P P P X X P P Churches, temples and other places of worship M M M M X M X M Mortuaries and funeral homes M M M X X X X X 648 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 29 of 74 Public and Semipublic Uses Fire stations P P P P P P P P Government offices and police stations P P P P P P P P Communication towers and equipment (freestanding, new towers) subject to Chapter 9.170 C C C C C C C C Communication towers and equipment (co- location, mounted to existing facility) subject to Chapter 9.170 M M M M M M M M Electrical substations X M X X X X M X Water wells and pumping stations P P P P P P P P Reservoirs and water tanks X X X X X X P X Public flood control facilities and devices P P P P P P P P Colleges and universities C M X X X M C C Vocational schools, e.g., barber, beauty and similar M C C X X C C C Private elementary, intermediate and high schools C C C C C C C C Helicopter pads X X X X C X C X Public or private kennels and animal shelters (with indoor or outdoor pet boarding) X C X X X X C X Residential, Lodging and Child Daycare Uses Existing single family home X X X X X X X P Townhome and multifamily dwelling as a primary use3,4 C C C C C C X C Residential as an accessory use, e.g., caretaker residences per Section 9.100.160 M M M M M M M M Child daycare facilities, centers and preschools as a principal use, subject to Section 9.100.240 (also see Accessory Uses) M M M M X M M M Senior group housing X X X X X X X M Rooming and boarding houses X X X X X X X M Single room occupancy (SRO) hotels, subject to Section 9.100.250 C X X X X X X X Emergency and homeless shelters and Low Barrier Navigation Centers P P P P P P P X Transitional shelters and supportive housing for homeless persons or victims of domestic abuse C X X X X X C X Single-family residential X X X X X X X X Mixed-use projects subject to Section 9.110.120 P P P P P P X P RV rental parks and ownership/membership parks X X X X M X X X 649 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 30 of 74 Resort residential, subject to Section 9.60.310 S X C X P X X P Hotels and motels P X P X P X X P Timeshare facilities, fractional ownership, subject to Section 9.60.280 P X P X P X X P Automotive, Automobile Uses5 Golf cart, neighborhood electric vehicle (NEV), and electric scooter sales P P P M X X X M Automobile service stations, with or without minimart subject to Section 9.100.230 C C C C X X X C Car washes M M M X X X X X Auto body repair and painting; transmission repair X C X X X X X X Auto repair specialty shops, providing minor auto maintenance: tire sales/service, muffler, brake, lube and tune-up services C C C X X X X X Auto and motorcycle sales and rentals M M X X X X X X Used vehicle sales, not associated with a new vehicle sales facility, as per Section 9.100.260 C C X X X X X X Truck, recreation vehicle and boat sales C C X X X X X Auto parts stores, with no repair or parts installation on the premises P P P P X X X P Auto or truck storage yards, not including dismantling X C X X X X X X Private parking lots/garages as a principal use subject to Chapter 9.150, Parking C C C X C C X C Warehousing and Heavy Commercial Uses5 Wholesaling/distribution centers, general warehouses with no sales to consumers C P X X X X X X Mini-storage X X6 X X X X X X Lumber yards, outdoor (see retail stores for indoor lumber sales) X M X X X X X X Pest control services M P X X X X X X Contractor offices, public utility and similar equipment/storage yards X M X X X X P X Central cleaning or laundry plants X X X X A X X X Industrial and Research Uses Indoor manufacture and assembly of components or finished products X P X X X X X X Research and development P P X X X X X X Recording studios M P X X X X X M Bottling plants X P X X X X X X Recycling centers as a primary use, collection X C X X X X C X 650 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 31 of 74 and sorting only, subject to Section 9.100.190 Off-site hazardous waste facilities X C X X X X X X Accessory Uses and Structures Construction and guard offices, subject to Section 9.100.170 P P P P P P P P Portable outdoor vendor uses subject to Section 9.100.100 M M M M M M M M Swimming pools as an accessory use A A A A A A A A Indoor golf or tennis facilities as an accessory use A A A A A A A A Outdoor golf or tennis facilities as an accessory use M M M M M M M M Antennas and satellite dishes, subject to Section 9.100.070 A A A A A A A A Reverse vending machines and recycling dropoff bins, subject to Section 9.100.190 A A A A X X A M Incidental on-site products or services for employees or businesses, such as child day care, cafeterias and business support uses A A A A A A A A Other accessory uses and structures which are customarily associated with and subordinate to the principal use on the premises and are consistent with the purpose and intent of the zoning district, as determined by the director A A A A A A A A Temporary Uses Christmas tree sales, subject to Section 9.100.080 T T T T X X T T Halloween pumpkin sales, subject to Section 9.100.080 T T T T X X T T Stands selling fresh produce in season, subject to Section 9.100.090 T T T T X X T T Sidewalk sales, subject to Section 9.100.120 T T T T T T X T Temporary outdoor events, subject to Section 9.100.130 T T T T T T T T Use of relocatable building, subject to Section 9.100.180 T T T T T T T T Holiday period storage subject to Section 9.100.145 M M M M M M M M Other Uses Sexually oriented businesses, subject to Section 9.110.0807 C X X X X X X X Medical marijuana dispensaries X X X X X X X X 651 Created: 2022-03-25 11:00:33 [EST] (Supp. No. 2, Update 3) Page 32 of 74 Other uses not listed in this table: per Section 9.20.040, director or planning commission to determine whether use is permitted Notes: 1 Unless use is specifically listed elsewhere in this table. 2 With no consumption of alcohol on the premises. 3 If part of a mixed-use project per Section 9.140.090. 4 If not part of a mixed use project: Subject to Section 9.30.070 (RH, High Density Residential District) for density. 5 Subject to Section 9.100.110, Outdoor storage and display. 6 Mini-storage warehousing operating on December 17, 2008 (the effective date of the ordinance codified in this section), are considered legal, conforming land uses. Existing facilities may be reconstructed if damaged, and may be modified or expanded within the boundaries of the lot on which they occur as of December 17, 2008 with approval of a site development permit. Any modification or expansion shall conform to the development standards for the commercial park zoning district contained in Chapter 9.90, Nonresidential Development Standards. 7 Property must also be located within the SOB (sexually oriented business) overlay district. (Ord. 584 § 2, 2020; Ord. 562 § 1, 2017; Ord. 550 § 1, 2016; Ord. 538 § 4, 2016; Ord. 523 § 1, 2015; Ord. 492 § 1, 2011; Ord. 480 § 1, 2010; Ord. 472 § 1, 2009; Ord. 471 § 2, 2009; Ord. 466 § 1, 2009; Ord. 449 § 1, 2007; Ord. 429 § 1, 2006; Ord. 414 § 1, 2005; Ord. 397 § 1, 2004; Ord. 325 § 1, 1998; Ord. 307 § 1, 1997; Ord. 299 § 1, 1997; Ord. 284 § 1, 1996) Chapter 9.100 SUPPLEMENTAL NONRESIDENTIAL REGULATIONS 9.100.280 Emergency and homeless shelters, Low Barrier Navigation Centers. A. Purpose. 1. To ensure the zoning code facilitates emergency and homeless shelters under the Housing Accountability Act (California Government Code Section 65589.5) and in accordance with the requirements set forth in California Government Code Section 65583, as amended. 2. To provide zoning, development, and management procedures for emergency and homeless shelters. 3. To implement the city's general plan housing element policies and programs relating to the provision of emergency and homeless shelters. B. Definitions. See Chapter 9.280. C. Development Standards. 1. The maximum capacity of an emergency or homeless shelter shall be twenty (20) beds or persons. 2. On site management and security shall be provided on a twenty-four (24)- hour/seven (7) day per week basis. 652 Created: 2022-03-25 11:00:31 [EST] (Supp. No. 2, Update 3) Page 33 of 74 3. Residency in an emergency or homeless shelter shall be limited to six (6) months or less per individual. D. Low Barrier Navigation Centers: A Low Barrier Navigation Center development is a use by right in areas zoned for mixed use and nonresidential zones permitting multifamily uses, if it meets the following requirements: 1. It offers services to connect people to permanent housing through a services plan that identifies services staffing. 2. It is linked to a coordinated entry system, so that staff in the interim facility or staff who co-locate in the facility may conduct assessments and provide services to connect people to permanent housing. “Coordinated entry system” means a centralized or coordinated assessment system developed pursuant to Section 576.400(d) or Section 578.7(a)(8), as applicable, of Title 24 of the Code of Federal Regulations, as those sections read on January 1, 2020, and any related requirements, designed to coordinate program participant intake, assessment, and referrals. 3. It complies with Chapter 6.5 (commencing with Section 8255) of Division 8 of the Welfare and Institutions Code. 4. It has a system for entering information regarding client stays, client demographics, client income, and exit destination through the local Homeless Management Information System as defined by Section 578.3 of Title 24 of the Code of Federal Regulations. Chapter 9.110 SPECIAL PURPOSE/OVERLAY DISTRICTS 9.110.100 AHO Affordable Housing Overlay District. A. Purpose and Intent. 1. To permit the development of affordable housing at higher densities within commercial zones and other specified residential sites while maintaining consistency with underlying base land use designations. 2. To provide increased and enhanced housing opportunities for low and very low income residents. 3. To accommodate the city's regional housing need. 4. To encourage lot consolidation and maximize the housing potential of vacant and underutilized sites. 5. To provide mixed use nodes that minimize vehicle trips and enhance proximity to services and mass transit, consistent with implementation measures CI-13 and ND-4 of the city's greenhouse gas reduction plan, as well as transportation demand management principles. 6. To allow owner-occupied and rental multi-family residential units by right for developments with at least 20% of the units affordable to low, very low or extremely low income households at a density of at least 20 units per acre, and at 653 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 34 of 74 least 16 units per site, consistent with Government Code Section 65583.2(h) and (i). B. Development Standards. See Table 9-9. In addition: 1. Density: Minimum 20 units per acre; maximum 36 units per acre. 2. Minimum livable floor area excluding garage shall be six hundred (600) square feet. 2. Minimum project distance buffer from Highway 111 shall be three hundred (300) feet. 3. Minimum common area open space shall be thirty percent (30%). C. District Boundaries. The boundaries of the AHO overlay district shall include the CC, CP, CN, CR, and VC districts and other sites identified on the official zoning map. (Ord. 577 § 1, 2019; Ord. 550 § 1, 2016; Ord. 512 § 1, 2013) 654 Created: 2022-03-25 11:00:31 [EST] (Supp. No. 2, Update 3) Page 35 of 74 Chapter 9.130 SPECIAL PURPOSE DEVELOPMENT STANDARDS 9.130.010 Table of development standards. Table 9-9 contains standards for development of property within special purpose districts: Table 9-9 Special Purpose District Development Standards District Development Standard PR GC OS FP HC EOD AHO A/ER MU Minimum building site n/a n/a n/a * 20,00 0 sf *** 1 acre 10,000 sf/20,0 00 sf multifa mily 1 acr e Minimum lot frontage n/a n/a n/a n/a 100 ft. n/a 100 100 n/ a Maximum structure height (ft.)1 28 28 28 * 28 *** 40 28 ** * Maximum lot coverage n/a n/a n/a n/a 30% n/a 60% 40% ** * Maximum number of stories 2 2 2 * 2 *** 4 2 ** * Minimum setbacks n/a n/a n/a n/a Front: 30 Int./E xt. Side: 10/20 Rear: 30 n/a Front: 20 10 Int./Ex t. Side: 10/15 5/5 Rear: 20 10 Front: 30 Garage: 20 Side: 20 Rear: 30 ** * Minimu m perime ter buildin g/ landsc ape setbac ks From Highway 111 right- of-way 50/ 50 50/ 50 50/ 50 50/ 50 50/50 50/ 50 n/a *** ** * From perimeter street ROWs 30 30 30 * 10′ min, 20′ avera ge *** 10′ min, 20′ averag e 20 ** * From all 30/30/30/30/30/20 30/*** *** ** 655 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 36 of 74 (ft.)2, t4 image corridor3 rights-of- way (except Hwy 111) and from all major and primary arterials 20 20 20 20 20 * From abutting residential property or districts 30 30 30 * ** *** *** *** ** * From abutting commerci al and other nonreside ntial property or districts 20 20 20 * ** *** *** *** ** * Minimum setback from interior property lines within the same project4 0 0 0 * ** *** *** *** ** * Parking and signs See Chapters 9.150 and 9.160 Fences and walls See Section 9.100.030 Landscaping and screening See Sections 9.100.040 and 9.100.050 Notes: * As required for needed flood control structures. ** As provided in the HC supplemental regulations, Section 9.140.040. *** As provided in the underlying base district regulations, subject to the additional requirements of the overlay district in Chapter 9.140. 1 Not including basements. Also, notwithstanding above table, the maximum structure height equals 22 feet for all buildings within 150 feet of any General Plan image corridor and major or primary arterials. Any proposed building height over 22 feet requires minor use permit approval and shall not exceed a maximum building height of the existing zone. 656 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 37 of 74 2 Landscape setback shall consist of landscaped area within the building setback. Number given is minimum landscaped setback from the street right-of-way. The remaining building setback may contain parking, driveways and similar facilities. 3 The image corridors as identified in the General Plan. 4 In the AHO, for interior yards, 5 feet minimum plus 1 foot additional setback for every foot of building height above 28 feet, or fraction thereof, up to a maximum setback of 15 feet when said height above 17 feet is located between 5 and 10 feet from said side yard property line. If the building is over 28 feet in height, the setback is 10 feet plus 1 foot for every foot over 28 feet in height or fraction thereof, to a maximum setback of 15 feet The additional setback may be provided entirely at grade level or may be a combination of at grade and airspace above the 28-foot building height. ( Ord. 588 § 2(Exh. A), 2-2-2021; Ord. 550 § 1, 2016; Ord. 512 § 1, 2013; Ord. 445 § 4, 2007; Ord. 284 § 1, 1996) 657 Created: 2022-03-25 11:00:31 [EST] (Supp. No. 2, Update 3) Page 38 of 74 Chapter 9.140 SUPPLEMENTAL SPECIAL PURPOSE REGULATIONS 9.140.080 AHO affordable housing overlay regulations. A. Applicability. The AHO overlay district and the provisions of this section apply to all areas of the city containing the "AHO" overlay designation on the official zoning map. These include the CC, CP, NC, CR, and VC commercial zones, and other sites, as designated on the zoning map. These regulations shall apply in addition to the regulations of the underlying base district. In case of conflict between the base district and the AHO regulations, the AHO regulations shall control. B. Definitions. See Chapter 9.280. C. Permitted Uses. See Section 9.120.020. 1. Any use permitted, either expressly or by conditional use permit, in the underlying zone; 2. Affordable housing residential units on lots one (1) acre or greater in size, including those that are stand-alone, next to, and/or above nonresidential uses. D. Development Standards, All Residential Uses. See Section 9.130.010. (Ord. 577 § 1, 2019; Ord. 550 § 1, 2016; Ord. 512 § 1, 2013) 9.140.100 Agricultural/equestrian overlay. A. Permitted Uses. Table 9-10 Permitted Uses in the Agricultural/Equestrian Residential District LAND USE Residential Uses Single-family detached dwellings P Farmworker housing C Mobile home parks C Mobile home subdivisions and mobilehomes or manufactured homes on individual lots P Child daycare facilities as an accessory use, serving 8 or fewer children, subject to Section 9.60.190 A Child daycare facilities as an accessory use, serving 9—14 children, subject to Section 9.60.190 M Caretaker's residence P Open Space and Recreational Uses Public parks playfields and open space P Bicycle, equestrian and hiking trails P 658 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 39 of 74 Tennis court or other game court as an accessory use associated with a private residence P Tennis court or other game court for public use M Golf course and country club, with or without driving range P Driving range with or without lights C Accessory Uses and Structures Home occupations, subject to Section 9.60.110 H Patio covers, decks and gazebos, subject to Section 9.60.040 A Fences and walls, subject to Section 9.60.030 A Satellite dishes and other antennas subject to Section 9.60.080 A Swimming pools, spas and cabanas, subject to Section 9.60.070 A Guest houses, subject to Section 9.60.010 M A Second units, "granny flats" and employee quarters, subject to Section 9.60.090 M A Garages and carports, subject to Section 9.60.060 A Keeping of animals, subject to Section 9.60.120 A Equestrian and Agricultural Uses Stables, private P Stables, commercial or riding academy C Polo grounds, including stables, clubhouse C Veterinary offices and hospitals C The grazing and breeding of cattle, horses, llamas, or other farm stock or animals, not including hogs, not to exceed five animals per acre of all the land available P The grazing and breeding of sheep or goats, not to exceed 15 animals per acre of all land available P Farms for rabbits, fish, frogs, chinchilla or other small animals P Nurseries, greenhouses, orchards, aviaries, apiaries P Tree crop farming P Field crop or turf farming P Winery and incidental uses with established vineyard P Produce stands, subject to Section 9.100.100 P The drying, packing, canning, freezing and processing of produce resulting from permitted uses when such activity is conducted within permanent buildings and structures P Noncommercial raising of hogs, not to exceed two per acre P Community auctions and sales yards (2-acre minimum) C Feed stores C Kennels and catteries, 5 to 10 animals M Kennels and catteries, 10 to 25 animals on 1-acre minimum C Menageries C Commercial composting facilities C Other Uses 659 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 40 of 74 Guest ranches and bed and breakfasts C Restaurants C Fraternal lodge halls C Churches, temples and other places of worship C Schools C Libraries C Public utility facilities P Communication towers and equipment subject to Chapter 9.170 C B. Designation on Zoning Map. When the A/ER overlay district is used, the zoning designation on the official zoning map shall consist of the base district symbol followed by the overlay district symbol enclosed in parentheses. For example, RL (A/ER). C. Development Standards, Residential Uses. See Table 9-9. D. Development Standards, All Nonresidential Uses. 1. All buildings shall be limited to two (2) stories in height and a maximum of thirty- five (35) feet, measured from the finished Grade 6 of the pad. 2. Setbacks. The following minimum setbacks shall apply from the property line: Pasture: zero (0) feet Accessory buildings: twenty (20) feet Accessory structures: twenty (20) feet Manure storage: twenty-five (25) feet 3. Fencing. Properties containing one (1) or more uses may be fenced to a maximum of six (6) feet. Permitted fencing materials include chain link, cement block, wood, wrought iron or tubular steel. Razor wire or concertina wire is permitted for those uses listed under "Equestrian and Agriculture Uses" in Table 9-10. 4. Parking. Parking shall be provided as required by Chapter 9.150. 5. Lighting. All lighting shall comply with Sections 9.60.160 and 9.100.150. 6. Loudspeakers. Loudspeaker systems or other amplified sound are limited to operation or use between 8:00 a.m. and 10:00 p.m. unless otherwise specified by an approved conditional use permit. E. "Right to Farm" Intent and Policies. 1. Intent. It is the intent of the city to conserve, protect and encourage the development, improvement, and continued viability of its agricultural land and industries for the long-term production of food and other agricultural products, and for the economic well-being of the city's residents. It is also the intent of the city to balance the rights of farmers to produce food and other agricultural products with the rights of non-farmers who own, occupy, or use land within or adjacent to agricultural areas. It is the intent of this section is to reduce the loss to the area of its agricultural resources by limiting the circumstances under which agricultural operations may be deemed to constitute a nuisance. Nothing in this chapter shall be construed to limit the right of any owner of real property to request that the 660 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 41 of 74 city consider a change in the zoning classification of his or her property in accordance with the procedures set forth in the La Quinta Development Code. 2. Policies. a. No agricultural activity, operation, or facility, or appurtenances thereof, in a manner consistent with proper and accepted customs and standards, as established and followed by similar agricultural operations in the same locality, shall be or become a nuisance, private or public, due to any changed condition in or about the locality, after the same has been in operation for more than three (3) years if it was not a nuisance at the time it began. b. This section shall not invalidate any provision contained in the Health and Safety Code, Fish and Game Code, Food and Agricultural Code, or Division 7 (commencing with Section 13000) of the Water Code of the State of California, if the agricultural activity, operation, or facility, or appurtenances thereof, constitutes a nuisance, public or private, as specifically defined or described in any such provision. 3. This section is not to be construed so as to modify abridge the state law set out in the California Civil Code relative to nuisances, but rather it is only to be utilized in the interpretation and enforcement of the provisions of county ordinances and regulations. F. Notice to Buyers of Land. 1. The director shall cause the following notice to be included on all tentative land division proposed that lies partly or wholly within, or within three hundred (300) feet of any land zoned for primarily agricultural purposes: Lot(s) No. _______, as shown on this map, is (are) located partly or wholly within, or within three hundred (300) feet of land zoned for primarily agricultural purposes by the County of Riverside and the City of La Quinta. It is the declared policy of the City of La Quinta that no agricultural activity, operation, or facility, or appurtenances thereof, conducted or maintained for commercial purposes in the city, and in a manner consistent with proper and accepted customs and standards, as established and followed by similar agricultural operations in the same locality, shall be or become a nuisance, private or public, due to any changed condition in or about the locality, after the same has been in operation for more than three (3) years, if it was not a nuisance at the time it began. The term "agriculture activity, operation, or facility, or appurtenances thereof" includes all uses permitted in the Agricultural Overlay District, and includes, but is not limited to, equestrian activities, the cultivation and tillage of the soil, dairying, the production, cultivation, growing, and harvesting of any agricultural commodity, including timber, viticulture, apiculture, or horticulture, the raising of livestock, for bearing animals, fish, or poultry, and any practices performed by a farmer or on a farm as incident to or in conjunction with such farming operations, including preparation for market, delivery to storage or to market, or to carriers for transportation to market. 2. The city engineer shall cause the notice described in paragraph 1 of this subsection to be included on any final land division proposed for recordation that lies partly or wholly within, or within three hundred (300) feet of, any land zoned for primarily agricultural purposes. 661 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 42 of 74 G. Preservation of Agricultural Land Uses in Perpetuity. Any land owner wishing to continue a land use listed in Table 9-10, Permitted Uses in the Agricultural/Equestrian Residential District, may, at any time, exercise his or her rights under Chapter 9.190, Transfer of Development Rights. (Ord. 550 § 1, 2016; Ord. 489 § 1, 2011; Ord. 368 § 1, 2002) Chapter 9.150 PARKING 9.150.070 Spaces required by use. A. Land Uses Not Listed. If no provisions for the required number of off-street parking spaces are set forth in Tables 9-11 or 9-12 of this section or the provisions are not clear for a specific use, the decision-making authority for the applicable use or project shall determine the number of parking spaces required. B. Parking for Residential Land Uses. Table 9-11 contains the minimum number of parking spaces required for each type of residential land use. Whenever any commercial or industrial use is located on a building site that is also used for residential purposes, parking facilities shall be provided in conformance with Section 9.150.070 (Shared Parking). C. Parking for Nonresidential Land Uses. 1. Adequate Parking Required. All nonresidential land uses shall provide off-street parking in compliance with this subsection and with Table 9-12 unless modified by the provisions contained in Section 9.150.050. Table 9-12 sets forth the minimum and maximum requirements for each use. It shall be the responsibility of the developer, owner or operator of any use to provide adequate off-street parking. 2. Bicycle Parking. In addition to the automobile parking spaces required per Table 9- 12, bicycle parking shall be provided for certain nonresidential uses in accordance with subsection (C)(3) of this section. Table 9-11 Parking for Residential Land Uses Land Use Minimum Off-Street Parking Requirement Additional Requirements Single-family detached, single-family attached and duplexes 2 spaces per unit in a garage plus 0.5 guest spaces per unit if no on- street parking is available For all single-family residential zones except RC, parking in excess of the minimum required may be tandem In a garage, tandem parking may be used to meet the above-stated minimum required parking in the RC district only Employee quarters 1 space per unit. This space shall not be 662 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 43 of 74 tandem. Apartments, townhomes and condominiums: All parking spaces shall be distributed throughout the site to ensure reasonable access to all units. (1) Studio 1 covered space per unit, plus 0.5 guest spaces per unit (2) One- and two- bedroom 2 covered spaces per unit plus 0.5 guest spaces per unit (3) Three or more bedroom 3 covered spaces per unit plus 0.5 covered spaces per each bedroom over three, plus 0.5 guest spaces per unit Mobilehome parks 2 covered spaces/unit, which may be in tandem, plus 0.5 guest spaces per unit Senior housing (excluding single family units) 1 covered space per unit, plus 0.5 guest spaces per unit Senior group housing/senior citizen hotels and congregate care facilities 0.5 covered spaces per unit plus 0.5 guest spaces per unit Lodging and Child Daycare Uses Bed and breakfast inns 1 space per guest room plus parking for residents as required by this code. Boardinghouse, roominghouse, and single room occupancy hotels 1 space per sleeping room Child daycare centers, including preschools and nursery schools 1 space per staff member plus 1 space per 5 children. Parking credit may be given if queuing area for more than 4 cars is provided, but resulting parking shall be not less than 1 per staff member plus 1 per 10 children Stacking analysis may be required to define a drop- off facility that accommodates at least 4 cars in a continuous flow, preferably one-way, to safely load and unload children Recreational vehicle parks 1 automobile parking space on each recreational vehicle lot plus 1 space per 20 recreational lots for 663 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 44 of 74 visitors Table 9-12 Parking for Nonresidential Land Uses Land Use Minimum Off- Street Parking Requirement Maximum Off- Street Parking Requirement Additional Requirements Commercial Uses Bars and cocktail lounges 1 space per 50 sq. ft. GFA including indoor/outdoor seating areas (see also Restaurants) 1 space per 25 sq. ft. GFA including indoor/outdoor seating areas (see also Restaurants) Lumberyards and nurseries 1 space per 1,000 sq. ft. GFA indoor area, plus 1 space per 1,000 sq. ft. of outdoor display or sale area 1 space per 500 sq. ft. GFA indoor area, plus 1 space per 1,000 sq. ft. of outdoor display or sale area Model home complexes 10 spaces N/A Personal service establishments 3 spaces per 1,000 s.f. 4 spaces per 1,000 s.f. Restaurants: (1) Conventional sit- down, including any bar area 1 space per 125 sq. ft. GFA including indoor and outdoor seating areas 1 space per 75 sq. ft. GFA including indoor and outdoor seating areas (2) Drive-through and fast food 1 space per 100 sq. ft. GFA, including indoor and outdoor seating areas, but not less than 10 spaces. N/A (1) General retail uses under 100,000 sq. ft. GFA 1 space per 300 sq. ft. GFA 1 space per 250 sq. ft. GFA For shopping centers, freestanding 664 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 45 of 74 (2) General retail uses 100,000 sq. ft. GFA and greater 1 space per 350 sq. ft. GFA 1 space per 300 sq. ft. GFA restaurants and non- freestanding restaurant space in excess of 20% of the total shopping center GFA shall be computed separately using the applicable restaurant parking ratio(s) Furniture and appliance stores 1 space per 1000 sq. ft. GFA 1 space per 750 sq. ft. GFA Warehouses, storage buildings or structures used exclusively for storage 1 space per 2,000 sq. ft. of gross area for storage purposes 1 space per 1,000 sq. ft. of gross area for storage purposes Mini-storage facilities 1 space per 5,000 sq. ft. plus 2 spaces for any caretaker's unit N/A Office and Health Care Uses Convalescent hospitals, nursing homes, children's homes and sanitariums 1 space per 4 beds based on the resident capacity of the facility as listed on the required license or permit Minimum 30% of required spaces shall be covered by a trellis or carport structure See also senior group housing (senior citizen hotels) under residential uses General offices, other than medical, dental, banks, savings and loans, credit unions and 1 space per 300 sq. ft. GFA 1 space per 250 sq. ft. GFA Minimum 30% of required spaces shall be covered by a trellis or carport 665 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 46 of 74 similar financial institutions structure Rates are for office uses only. If ancillary uses are included, such as restaurants or retail establishments, parking for such uses must be provided per their applicable rates Hospitals 1.75 spaces per bed Medical or dental offices/clinics 1 space per 200 sq. ft. GFA 1 space per 175 sq. ft. GFA Minimum 30% of required spaces shall be covered by a trellis or carport structure Veterinary hospitals and clinics 1 space per 400 sq. ft. GFA exclusive of overnight boarding areas 1 space per 300 sq. ft. GFA exclusive of overnight boarding areas Automotive Uses Automobile repair facilities 1 space per 250 sq. ft. of sales area 1 space per 200 sq. ft. of sales area, plus 2 spaces per service bay Automobile Fueling: N/A (1) Without retail sale of beverage and food items 1 space per 500 sq. ft. GFA (2) With retail sale of beverage and food items 1 space per 400 sq. ft. GFA Automobile, truck, 1 space per 500 N/A Parking is for 666 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 47 of 74 boat, and similar vehicle sales or rental establishments sq. ft. GFA (not including service bays), plus 1 space per service bay customers and employees, and is not to be used for display. Car washes: N/A Applicant may be required to submit a parking study which includes a stacking analysis for the proposed facility (1) Full-service 10 spaces (vacuuming or drying areas shall not be counted as parking spaces) (2) Express-service 2 spaces per facility (wash bays shall not be counted as parking spaces) Industrial Uses General manufacturing, research and development and industrial uses 1 space per 500 sq. ft. GFA N/A Warehousing and distribution space 1 space per 1,000 sq. ft. GFA N/A Assembly Uses Auditoriums, theaters, cinemas 1 space per 3 seats 1 space per 2.5 seats 18 lineal inches of bench shall be considered 1 fixed seat. Churches, temples and similar places of assembly 1 space per 5 seats of assembly area 1 space per 3 seats of assembly area 18 lineal inches of bench shall be considered 1 fixed seat. Parking will be required at the same rate for other auditoriums, assembly halls 667 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 48 of 74 or classrooms to be used concurrently with the main auditorium Nightclubs, dancehalls, lodge halls and union halls 1 space per 50 sq. ft. GFA, plus required parking for other uses on the site 1 space per 35 sq. ft. GFA, plus required parking for other uses on the site Mortuaries and funeral homes 1 space for every 5 seats of assembly room floor area 1 space for every 3 seats of assembly room floor area, plus 1 space for each vehicle stored onsite, plus 5 spaces for employees Community centers 1 space per 300 sq. ft. GFA 1 space per 200 sq. ft. GFA Lodging and Child Daycare Uses Daycare centers, including preschools and nursery schools 1 space per 300 sq. ft. GFA, plus 1.5 spaces per employee 1 space per 250 sq. ft. GFA, plus 1.5 spaces per employee Stacking analysis shall be required to define a drop-off facility that accommodates safely loading and unloading children Hotels & motels 1.3 spaces per guest bedroom plus required parking for other uses on the site 1.1 spaces per guest bedroom plus required parking for other uses on the site Timeshare facilities, fractional ownership and similar facilities 1.5 spaces per dwelling or guest unit plus required parking for other uses on the site 1.3 spaces per dwelling or guest unit plus required parking for other uses on the site 668 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 49 of 74 Recreational Uses Arcade, game and video 1 space per 200 sq. ft. GFA Billiard or pool establishments 1 space per 150 sq. ft. GFA 1 space per 100 sq. ft. GFA Bowling alleys 4 spaces per alley plus required parking for other uses on the site 5 spaces per alley plus required parking for other uses on the site Golf uses: N/A (1) Driving ranges 1 space per tee, plus the spaces required for additional uses on the site (2) Pitch and putt, par three and miniature golf courses 3 spaces per hole, plus the spaces required for additional uses on the site (3) Regulation courses 5 spaces per hole, plus the spaces required for additional uses on the site 8 spaces per hole, plus the spaces required for additional uses on the site Tennis courts, handball/racquetball, and other court- based facilities 3 spaces per court 4 spaces per court Health clubs, membership gyms and commercial swimming pools 1 space per 200 sq. ft. GFA (for purposes of this use, swimming pool area shall be counted as floor area) 1 space per 150 sq. ft. GFA (for purposes of this use, swimming pool area shall be counted as floor area) Libraries/museums 1 space per 300 sq. ft. GFA 1 space per 200 sq. ft. GFA Shooting ranges 1 space per shooting station 669 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 50 of 74 plus 5 spaces for employees Skating rinks, ice or roller 1 space per 250 sq. ft. GFA 1 space per 200 sq. ft. GFA Stables, commercial 1 space per each 5 horses kept on the premises 1 space per each 4 horses kept on the premises Public and Semipublic Uses Public utility facilities not having business offices on the premises, such as electric, gas, water, telephone facilities 1 space per employee plus 1 space per vehicle used in connection with the facility N/A Schools: N/A (1) Elementary and junior high or middle schools 2 spaces per classroom (2) Senior high schools 10 spaces per classroom (3) Colleges, universities and institutions of higher learning 20 spaces per classroom (4) Trade schools, business colleges and commercial schools 20 spaces per classroom Emergency and Homeless Shelters, Low Barrier Navigation Centers 1 space per employee. 3. Required Bicycle Parking. Bicycle parking shall be provided for certain nonresidential uses in order to encourage the use of bicycles and to mitigate motor vehicle pollution and congestion. The minimum bicycle parking requirements for nonresidential uses are as follows: a. Land uses required to provide bicycle parking equal to minimum three percent (3%) of the total parking spaces required per Table 9-12 include: video arcades, bowling alleys, cinemas/movie theaters, commercial recreation, tennis clubs, health clubs, libraries, schools, and skating rinks. 670 Created: 2022-03-25 11:00:35 [EST] (Supp. No. 2, Update 3) Page 51 of 74 b. Land uses required to provide a minimum of five (5) bicycle parking spaces include: churches, clubs/halls, hospitals and restaurants (all categories). c. Land uses required to provide a minimum of one (1) bicycle parking for every twenty-five thousand (25,000) square feet of gross floor area include governmental, general, medical and financial office uses. d. In addition to the requirements of subsections (C)(2)(a) through (c) of this section, retail centers shall provide five (5) bicycle parking spaces for each tenant having over twenty thousand (20,000) square feet of gross floor area. The spaces shall be provided at or near the major tenant's main entry. e. Bike racks shall be placed in shaded locations, out of the way of pedestrian flows and shopping cart storage and shall be provided with a mechanism which permits locking a bicycle onto the rack. (Ord. 550 § 1, 2016; Ord. 528 § 3, 2016; Ord. 505 § 1, 2012; Ord. 361 § 1, 2001; Ord. 325 § 1, 1998; Ord. 284 § 1, 1996) Chapter 9.280 DEFINITIONS 9.280.030 Definition of terms. "Abandoned" means a structure or use, the development or operation of which has been ceased or suspended. "Abutting" or "adjacent" means two (2) or more parcels sharing a common boundary at one (1) or more points. "Access/egress" means provision for entering a site from a roadway and exiting a site onto a roadway via motorized vehicle. "Accessory building or structure" means a building or structure, the use of which is subordinate and incidental to the main building or use on the same building site. As it pertains to Section 9.140.060, Equestrian overlay district, "accessory building" means any building subordinate to a permitted or conditionally permitted equestrian use, including, but not limited to, hay and tack barns, stables and other structures and uses customarily appurtenant to the primary permitted use. Also pertaining to Section 9.140.060, Equestrian overlay district, "accessory structure" means any structure subordinate to a permitted or conditionally permitted equestrian use, including, but not limited to, arenas, grandstand seating, corrals, exercise rings, and other structures associated with the permitted use. Fences are not considered structures for the purposes of this section. "Accessory use" means a land use subordinate and incidental to the principal use on the same building site. "Actual construction" means the actual placing of construction materials in their permanent position fastened in a permanent manner except that where a basement is being excavated, such excavation shall be deemed to be actual construction, or where demolishing or removal of an existing building or structure has begun, such demolition or removal shall be deemed to be actual construction, providing in all cases that actual construction work be diligently carried on until the completion of the entire building or structure involved. 671 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 52 of 74 "Administrative office" means a place of business for the rendering of service or general administration, but not including retail sales. Adult Business, Adult Entertainment Business or Adult Oriented Business. See Sexually oriented businesses, Chapter 5.80 of the municipal code. Advertising Device or Display. See sign definitions, Section 9.160.130. "Affordable housing cost" bears the same meaning as defined in Section 50052.5 of the California Health and Safety Code. "Affordable housing unit" means a dwelling unit within a housing development which will be rented or sold to and reserved for very low income households, lower income households, moderate income households (where qualified) and/or senior citizens at an affordable housing cost for the respective group(s) in accordance with Section 65915 of the California Government Code and Section 9.60.260 of this code. "Affordable rent" means that level of rent defined in Section 50053 of the California Health and Safety Code. "Agricultural activity, operation, or facility, or appurtenances thereof" includes all uses allowed under the agricultural overlay district, including, but be limited to, the cultivation and tillage of the soil, dairying, the production, cultivation, growing, and harvesting of any agricultural commodity, including timber viticulture, apiculture, or horticulture, the raising of livestock, fur bearing animals, fish, or poultry, and any practices performed by a farmer or on a farm as incident to or in conjunction with such farming operations, including preparation for market, delivery to storage or to market, or to carriers for transportation to market. "Alley" means a secondary means of access to abutting property located at the rear or side of the property. "Alteration" means any physical change in the internal or external composition of a building or other structure. Animal Hospital or Animal Clinic. See "Veterinary clinic." "Antenna" means a device for transmitting or receiving radio, television, satellite, microwave or any other transmitted signal. "Apartment" means a dwelling unit within an apartment building designed and used for occupancy by one (1) family on a rental basis. "Apartment building" or "apartment project" means a building or group of buildings in a single ownership with three (3) or more dwelling units per building and with most or all units occupied on a rental basis. Area, Project Net. See "Project net area." "Arena" means an enclosure physically similar to a corral, designed and constructed so as to be used for conducting equine-related entertainment and events open to the public, including, but not limited to, rodeos, polo matches, riding shows and exhibitions, etc. "Attached structures" means two (2) or more structures which are physically connected with a wall, roof, deck, floor, bearing or support structures, trellises, architectural features or any other structure, fixture or device that exceeds thirty (30) inches in height above the finished grade. Attached Dwelling or Attached Residential. See "Dwelling, attached." 672 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 53 of 74 "Automobile repair specialty shop" means a retail and service place of business engaged primarily in light repair and sale of goods and services for motor vehicles, including brake, muffler and tire shops and their accessory uses. Heavier automobile repair such as major body and paint work, transmission repair, or engine repair are not included in this definition. "Automobile service station" means a retail place of business engaged primarily in the sale of motor fuels and supplying those incidental goods and services which are required in the day-to-day operation of motor vehicles. "Automobile wrecking" or "automobile dismantling" means the storage or taking apart of damaged or wrecked vehicles or the sale of such vehicles or their parts. "Awning" means a roof-like cover that is attached to and projects from the wall of a building for the purpose of decoration and/or providing shielding from the elements. "Bar and cocktail lounge" means an establishment whose primary activity is the service of alcohol, beer or wine. "Basement" means a habitable building level which is partly or completely underground. A basement shall be counted as a building story if more than five (5) feet of the height of any portion is above adjoining finish grade. "Bed and breakfast" means a residential dwelling occupied by a resident, person, or family, containing individual living quarters occupied for a transient basis for compensation and in which a breakfast may be provided to guests. The breakfast provided shall not constitute a restaurant operation and may not be provided to persons other than guests of the inn. "Bedroom" means any habitable room that may be used for sleeping purposes other than a kitchen, bathroom, hallway, dining room or living room. "Berm" means a mound or embankment of earth. Billboard. See sign definitions, Section 9.160.130. "Boardinghouse" means any building or portion thereof with access provided through a common entrance to guest rooms having no cooking facilities. Guest rooms are rented on a monthly basis or longer and meals are provided. "Buildable area" means the portion of a building site remaining after deducting all required setbacks and meeting any requirements regarding maximum lot coverage or minimum open area. "Building" means an enclosed structure having a roof supported by columns or walls. "Building height" means the height of a building relative to the surrounding ground area. Measurement of maximum building height is defined in Sections 9.50.050 and 9.90.010. Building, Main. "Main building" means the building containing the main or principal use of the premises. Building, Relocatable. "Relocatable building" means a building which is not placed on a permanent foundation and is designed to be movable from one (1) location to another without the need for a special permit such as that required to move a conventional house. Relocatable buildings include, but are not limited to, mobilehomes, construction trailers, and modular buildings. "Building site" means a parcel or contiguous parcels of land established in compliance with the development standards for the applicable zoning district and the city's subdivision code. 673 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 54 of 74 "Building site area" means the horizontal area within a building site expressed in square feet, acres or other area measurement. Building Site Coverage. See "Lot coverage." Building Site, Panhandle or Flag. See "Lot" definitions. Building Site, Through. "Through building site" means a building site having frontage on two (2) parallel or approximately parallel streets. See "Through lot." Business Park. See "Industrial park." "CEQA" means the California Environmental Quality Act. "Caretaker" means a person who lives on the premises for the purposes of managing, operating, maintaining or guarding the principal use or uses permitted on the premises. "Caretaker residence" means a residential unit not exceeding one thousand (1,000) square feet, which is not the principal use on the property, to be occupied by a caretaker or watchman who is responsible for the security of the principal use of the property. "Carport" means a roofed structure or a portion of a building which is open on two (2) or more sides for the parking of automobiles belonging to the occupants of the property. "Cattery" means any building, structure, enclosure or premises within which five (5) or more cats are kept or maintained primarily for financial profit for the purpose of boarding, breeding, training, marketing, hire or any other similar purpose. "Cellar" means a nonhabitable building level which: (1) has more than one-half of its height below the adjoining finish grade at all points; and (2) has a floor area no more than one- half (½) that of the floor immediately above. A cellar is not counted as a building story. "Certificate of occupancy" or "certificate of use and occupancy" means a permit issued by the city prior to occupancy of a structure or the establishment of a land use to assure that the structure or parcel is ready for occupancy or use and that all ordinance requirements and project conditions of approval are fulfilled. "Child day care center" or "preschool" means a child day care facility operated by a person, corporation or association used primarily for the provision of daytime care, training or education of children at any location other than their normal place of residence. The maximum number of children accommodated is determined by state licensing provisions and city use permit conditions. "Child day care facility" means, consistent with Section 1596.750 of the State Health and Safety Code, a facility which provides nonmedical care to children under eighteen (18) years of age in need of personal services, supervision, or assistance essential for sustaining the activities of daily living or for the protection of the individual on less than a twenty-four (24)-hour basis. Child day care facility includes both child day care centers and child day care homes. "Child day care home" or "family day care home" means, consistent with Section 1596.78 of the State Health and Safety Code: 1. "Family day care home" means a home that regularly provides care, protection, and supervision for fourteen (14) or fewer children, in the provider's own home, for periods of less than twenty-four (24) hours per day, while the parents or guardians are away, and is either a large family day care home or a small family day care home. 674 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 55 of 74 2. "Large family day care home" means a home that provides family day care for seven (7) to fourteen (14) children, inclusive, including children under the age of ten (10) years who reside at the home. 3. "Small family day care home" means a home that provides family day care for eight (8) or fewer children, including children under the age of ten (10) years who reside at the home. "City" means the city of La Quinta. "City council" means the city council of the city of La Quinta. "Cleaning plant" or "laundry plant" means a central processing facility for dry cleaning or laundering of clothing and fabrics collected from and returned to patrons and dry cleaning and laundry agencies. Clinic, Medical. "Medical clinic" means an organization of medical doctors providing physical or mental health service and medical or surgical care of the sick or injured, but not including inpatient or overnight care. "Club" means an association of persons for some common purpose, but not including organizations which provide goods or services and which are customarily carried on as businesses. "Code" means this zoning code unless another code, ordinance or law is specified. "Commercial" means operated or conducted on a frequent basis for the purpose of financial gain. "Commercial filming" means the production of still or moving pictures on public property. Commercial Center. See "Shopping center." "Commercial recreation" means any use or activity where the primary intent is to provide amusement, pleasure or sport but which is operated for financial gain. It includes establishments where food and beverages are sold as a secondary or ancillary use, but does not include restaurants, nightclubs and cocktail lounges. "Commercial stable" means any facility specifically designed or used for the stabling of equine animals not owned by the residents of the subject property, for purposes such as on- site breeding, boarding, training, riding or other recreational use as a commercial service to the owners of said animals. "Commercial vehicle" means a vehicle customarily used as part of a business for the transportation of goods or people. "Commission" means the planning commission of the city unless another commission is indicated. "Common interest development" bears the same meaning as defined in Section 1351 of the California Civil Code. "Community apartment project" means a project in which an undivided interest in the land is coupled with the right of exclusive occupancy of any apartment located thereon. "Community auction and sales yard" means a facility which periodically holds auctions of farm equipment, fixtures and other related materials in an enclosed building. Community Care Facility. See "Residential care facility." 675 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 56 of 74 "Community center" means a non-commercial use established for the benefit and service of the population of the community in which it is located, including senior centers. Conditional Use Permit. See "Use permit." "Condominium" means, consistent with Section 1351 of the State Civil Code, an undivided interest in common in a portion of real property coupled with a separate interest in space in a residential, industrial or commercial building on such real property, such as an office or store or multifamily dwelling. A condominium may include, in addition, a separate interest in other portions of such real property. "Condominium hotel" means a "hotel" or "group hotel" all or part of which constitutes a condominium project in which one (1) or more of the units are individually owned, but are intended to be available for "transient" use (as those terms are defined in Section 3.24.020 of the La Quinta Municipal Code), when not being used by the unit owner. See also "First class condominium hotel." "Congregate care facility" means a facility providing care on a monthly basis or longer and which is the primary residence of the people it serves. It provides services to the residents such as the following: dining, housekeeping, security, medical, transportation and recreation. Any commercial services provided are for the exclusive use of the occupants of the facility. Such a facility may be located in more than one (1) building and on contiguous parcels within the building site. "Congregate living facility" means a single family residential facility which is licensed by the state to provide living and treatment facilities on a monthly or longer basis for six (6) or fewer developmentally disabled persons or six (6) or fewer persons undergoing treatment for alcohol or drug abuse and which is permitted in single-family residences by operation of state law. (See also "Residential care facility.") "Convalescent home" or "convalescent hospital" means a facility licensed by the State Department of Health Services which provides bed and ambulatory care for more than six (6) patients with postoperative convalescent, chronic illness or dietary problems and persons unable to care for themselves, including persons undergoing psychiatric care and treatment both as inpatients and outpatients, but not including persons with contagious diseases or afflictions. A convalescent home may also be known as a nursing home, convalescent hospital, rest home or home for the aged. "Conversion project" means an apartment house or multiple or group dwelling which is existing, under construction or for which building permits have been issued, and which is proposed for conversion to a residential condominium, community apartment, residential stock cooperative or planned development. Corner Lot. See definitions under "Lot." "Corral" means an enclosure designed for use as an open holding area for horses for the purpose of confinement within that area for an indeterminate period of time. "Cottage food operation" means an enterprise wherein an individual prepares and packages non-potentially hazardous foods in a primary residential dwelling unit, which serves as his or her private residence, said foods being for the direct and/or indirect sale to consumers, and that does not have more than one (1) full-time equivalent employee, and generates not more than: (1) thirty-five thousand ($35,000.00) dollars in gross annual sales in 2013; (2) forty-five thousand ($45,000.00) dollars in gross annual sales in 2014; (3) fifty thousand dollars ($50,000.00) in gross annual sales in 2015 and beyond as identified in California Health and Safety Code Section 113758. 676 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 57 of 74 "County" means the county of Riverside unless another county is indicated. Day Care Center. See "Child day care center." "Decision-making authority" or "decision-making body" means a person or group of persons charged with making decisions on proposals, applications, or other items brought before the city. "Density" means the number of dwelling units per gross acre, unless another area measurement is specified. "Density bonus" means a density increase over the otherwise maximum allowable residential density under the applicable zoning ordinance and land use element of the general plan as of the date of application by the applicant to the city. "Detached building or structure" means a building or other structure that does not have a wall or roof in common with any other building or structure. "Development" means, on land or in or under water: the placement or erection of any solid material or structure; discharge or disposal of any dredged material or of any gaseous, liquid, solid or thermal waste; grading, removing, dredging, mining or extraction of any materials; change in the density or intensity of use of land, including, but not limited to, subdivision pursuant to the Subdivision Map Act, and any other division of land, including lot splits, except where the land division is brought about in connection with the purchase of such land by a public agency for public recreational use; change in the intensity of use of water, or of access thereto; construction, reconstruction, demolition or alteration of the size of any structure, including any facility of any private, public or municipal utility; and the removal or harvesting of major vegetation other than for agricultural purposes. "Development standard" means site or construction conditions that apply to a housing development pursuant to any ordinance, general plan element, specific plan, charter amendment, or other local condition, law, policy, resolution, or regulation. "Director" or "planning director" means the city manager or designee. District. See "Zoning district." District, Nonresidential. See "Nonresidential district." District, Residential. See "Residential district." District, Special Purpose. See "Special purpose district." "Downtown village directional sign panel" means an interchangeable sign panel which does not require a sign permit, mounted on a monument base structure. The sign panels list businesses in the Village commercial zoning district. "Drive-in" or "drive-through" means designed or operated so as to enable persons to receive a service or purchase or consume goods while remaining within a motor vehicle. "Driveway" means a vehicular passageway providing access from a public or private street to a structure or parking area or, in the case of residences, to a garage, carport, or legal parking space. A driveway is not a street. "Driveway approach" means a designated area between the curb or traveled way of a street and the street right-of-way line that provides vehicular access to abutting properties. When vehicular access to a building site is provided by way of a common driveway, the driveway approach is the line of intersection where the individual driveway abuts the common driveway. 677 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 58 of 74 "Duplex" means a permanent building containing two (2) dwelling units on a single lot. "Dwelling" means a building or portion thereof designed and used for residential occupancy, but not including hotels or motels. Dwelling, Attached. "Attached dwelling" means a main dwelling unit attached to one (1) or more other main dwelling units by means of a roof or interior wall. Dwelling, Main or Primary Residence. "Main dwelling or primary residence" means the dwelling unit permitted as the principal use of a parcel or building site, either by itself or with other dwelling units (as in multifamily buildings). Dwelling, Multifamily. "Multifamily dwelling" means a building containing three (3) or more dwelling units on a single parcel or building site. Dwelling, Patio Home. "Patio home dwelling" means a single-family detached dwelling shifted to one (1) side of the lot, i.e., placed on the lot so that one (1) side setback is zero (0) or nearly zero (0) and the other side setback is larger than if both side setbacks were approximately equal. Dwelling, Single-Family. "Single-family dwelling" means one (1) main dwelling unit on a single parcel or building site. Dwelling, Single-Family Attached. "Single-family attached dwelling" means a main dwelling unit attached to one (1) other main dwelling unit by means of a roof and/or interior wall, with each dwelling unit occupying its own lot. Dwelling, Single-Family Detached. "Single-family detached dwelling" means a main dwelling unit not attached to any other main dwelling unit. Dwelling, Townhome. "Townhome dwelling" means a main dwelling unit attached typically to two (2) or more other main dwelling units by means of a roof and/or interior wall, with each dwelling unit occupying its own lot. "Dwelling unit" means one (1) or more rooms, including a bathroom and kitchen, designed and used for occupancy by one (1) family for living and sleeping purposes. Dwelling Unit, Second. See "Second unit." "Easement" means a recorded right or interest in the land of another which entitles the holder thereof to some use, privilege or benefit in, on, over or under such land. "Educational institution" means a private or public elementary or secondary school, college or university qualified to give general academic instruction equivalent to the standards prescribed by the state board of education. "Elevation" means the vertical distance above sea level. "Emergency shelter" means housing with minimal supportive services for homeless persons that is limited to occupancy of six (6) months or less by a homeless person. Low Barrier Navigation Centers are also included in this definition. No individual or household may be denied emergency shelter because of an inability to pay. "Employee's quarters" means quarters, which may include full bathroom and/or kitchen or cooking facilities,, for the housing of domestic employees and located upon the same building site occupied by their employer. "Enclosed" means roofed and contained on all sides by walls which are pierced only by windows, vents or customary entrances and exits. 678 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 59 of 74 "Environmental review" means all actions and procedures required of the city and of applicants by the California Environmental Quality Act ("CEQA," State Public Resources Code Section 21000 et seq.), the CEQA Guidelines (Public Resources Code Section 15000 et seq.) and local environmental procedures. "Exception" means a city-approved deviation from a development standard based on the following types of findings by the decision-making authority: 1. General finding such as that notwithstanding the exception, the resulting project will still be consistent with the goals and/or policies underlying the development standard; and 2. One (1) or more specific findings justifying the particular exception requested. "Family" means one (1) or more persons occupying one (1) dwelling unit. The word "family" includes the occupants of congregate living and residential care facilities, as defined herein, serving six (6) or fewer persons which are permitted or licensed by the state. The word "family" does not include occupants of a fraternity, sorority, boardinghouse, lodginghouse, club or motel. Family Day Care Home. See "Child day care home." "Farm" means a parcel of land devoted to agricultural uses where the principal use is the propagation, care and maintenance of viable plant and animal products for commercial purposes. "Farmworker housing" means any building or group of buildings where six (6) or more farm employees are housed. "First class condominium hotel" means a condominium hotel where both of the following apply: 1. The condominium hotel has a brand operator or an independent operator that is experienced in the upscale segment or luxury segment of the hospitality industry as defined by J.D. Power and Associates; and 2. The condominium hotel satisfies the published requirements that will be sufficient for a ranking of no fewer than three (3) stars in the most recent annual awards list published from time to time by AAA Travel Guides or by the Mobil Travel Guide. Flag. See sign definitions, Section 9.160.130. Flag Lot or Panhandle Lot. See definitions under "Lot." "Flood" means a general and temporary condition of partial or complete inundation of land areas from the overflow of inland and tidal waters, the rapid accumulation of runoff of surface waters from any source, or mudslides (i.e., mudflows) which are proximately caused or precipitated by accumulations of water on or under the ground. "Flood insurance rate map (FIRM)" or "flood boundary and floodway map" mean the official maps provided by the Federal Emergency Management Agency (FEMA) which delineate the areas of special flood hazard, the risk premium zones and the floodways applicable to the city. "Floodplain" means the land area adjacent to a watercourse and other land areas susceptible to being inundated by water. 679 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 60 of 74 "Floodproofing" means any combination of structural and nonstructural additions, changes or adjustments to structures which reduce or eliminate flood damage to real estate or improved real property, water and sanitary facilities, structures and their contents. "Floodway" means the channel of a river or other watercourse and that part of the floodplain reasonably required to discharge the base flood without cumulatively increasing the water surface elevation more than one (1) foot. Floor Area, Gross. See "Gross floor area." Floor Area, Livable. See "Livable floor area." "Floor area ratio" means the numerical value obtained by dividing the gross floor area of all buildings, except parking structures, located on a building site by the building site area. "Fraternity house" or "sorority house" means a building or portion of a building occupied by a chapter of a regularly organized college fraternity or sorority officially recognized by an educational institution. Freestanding Sign. See sign definitions, Section 9.160.130. Front Lot Line. See definitions under "Lot line." "Garage" means a building or portion of a building used primarily for the parking of motor vehicles. Gas Station or Service Station. See "Automobile service station." "General plan" means the general plan of the city of La Quinta. "Government code" means the California Government Code. Grade, Average. "Average grade" means the elevation determined by averaging the highest and lowest elevations of a parcel, building site or other defined area of land. Grade, Average Finish. "Average finish grade" means the elevation determined by averaging the highest and lowest elevations of a parcel, building site or other defined area of land after final grading. Grade, Finish. "Finish grade" means the ground elevation at any point after final grading. "Grading" means the filling, excavation or other movement of earth for any purpose. "Granny flat" or "granny housing" means a secondary dwelling unit which is: (1) intended for the sole occupancy of one (1) or two (2) adult persons sixty-two (62) years of age or over; and (2) located on a building site containing an existing single family detached dwelling. The floor area of an attached granny flat does not exceed thirty percent (30%) of the existing floor area of the primary single family residence and the floor area of a detached granny flat does not exceed one thousand two hundred (1,200) square feet. (See also "Second unit.") "Grazing" means the act of pasturing livestock on growing grass or other growing herbage or on dead grass or other dead herbage existing in the place where grown as the principal sustenance of the livestock so grazed. "Gross acreage" means the land area, expressed in acres, within a parcel or group of contiguous parcels minus any right-of-way for arterial highways not including collector streets. Each acre so determined is a gross acre. Gross Density. See "Density." 680 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 61 of 74 "Gross floor area" means the total square footage of all floors of a building, including the exterior unfinished wall structure but excluding courtyards and other outdoor areas. Gross Lot or Parcel Area. See "Lot area, gross." "Ground floor area" means all enclosed area within the ground floor of a structure, including exterior walls and mechanical spaces. Carports, garages, accessory buildings and parking structures are included in ground floor area but swimming pools and unenclosed post- supported roofs over patios and walkways are not included. Ground Sign. See "Freestanding sign" in sign definitions, Section 9.160.130. "Guest house" means a detached or attached unit which has sleeping and sanitary facilities, which may include full bathroom and/or kitchen or cooking facilities, and which is used primarily for sleeping purposes by members of the family occupying the main building, their nonpaying guests, and domestic employees. "Guest ranch" means any property of five (5) acres or more operated as a ranch which offers guest rooms for rent and which has outdoor recreational facilities such as horseback riding, swimming or hiking. Habitable Area. See "Livable floor area." "Habitable room" means any room usable for living purposes, which includes working, sleeping, eating, cooking or recreation, or a combination thereof. A room designed and used only for storage purposes is not a habitable room. "Hazardous waste" means a waste or combination of wastes which, because of its quantity, concentration, toxicity, corrosiveness, mutagenicity or flammability, or its physical, chemical or infectious characteristics, may: (1) cause or significantly contribute to an increase in mortality or an increase in serious irreversible or incapacitating reversible illness; or (2) pose a substantial present or potential hazard to human health or the environment when improperly treated, stored, transported, disposed of, or otherwise managed. Home for the Aged. See "Convalescent home." Homeless Shelter. See “Emergency shelter.” "Home occupation" means an occupation or activity conducted as an accessory use within a dwelling unit incidental to the residential use of the property. See Section 9.60.110. "Hospital" means a facility licensed by the State Department of Health Services providing clinical, temporary or emergency service of a medical, obstetrical, surgical or mental health nature to human patients. "Hotel" means any building or portion thereof with access provided through a common entrance, lobby or hallway to guest rooms which are rented on a daily or weekly basis. Identification Sign. See sign definitions, Section 9.160.130. "Industrial park," "business park" or "office park" means a nonresidential development wherein the permitted uses are planned, developed, managed and maintained as a unit, with landscaping, amenities, and common off-street parking provided to serve all uses on the property. "Intensity" means the level of development or activity associated with a land use, as measured by one (1) or more of the following: 1.The amount of parking required for the use per Chapter 9.150. 681 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 62 of 74 2. The operational characteristics of the use such as hours of operation, the inclusion of dancing or live entertainment as part of the use, or similar characteristics. 3. The floor area occupied by the use. 4. The percentage of the building site occupied by the use or by the structure containing the use. Interior Lot Line. See definitions under "Lot line." "Kennel" means any building, structure, enclosure or premises within which five (5) or more dogs are kept or maintained primarily for financial profit for the purpose of boarding, breeding, training, marketing, hire or any other similar purpose. "Kitchen" means any room all or part of which is designed and/or used for the cooking or other preparation of food. Land Use. See "Use." Land Use Intensity. See "Intensity." Landfill, Sanitary. "Sanitary landfill" means an area designed and used for the disposal of solid waste on land by spreading it in layers, compacting it and covering it daily with soil or other approved cover material. Laundry Plant. See "Cleaning plant or laundry plant." "Livable floor area" means the interior area of a dwelling unit which may be occupied for living purposes by humans, including basements and attics (if permitted). Livable floor area does not include a garage or any accessory structure. "Live entertainment" means any act, play, revue, pantomime, scene, dance or song, or any combination of the foregoing performed in person by one (1) or more persons whether or not they are compensated for their performance. Living Area. See "Livable floor area." Lodginghouse. See "Boardinghouse." "Lot" means an area of land under one (1) ownership which is identified as a lot or parcel on a recorded final map, parcel map, record of survey recorded pursuant to an approved division of land, certificate of compliance, or lot line adjustment. The terms "lot" and "parcel" are interchangeable for purposes of this code. Types of lots and their definitions are as follows: 1. "Corner lot" means a lot abutting two (2) streets intersecting at an angle of not more than one hundred thirty-five (135) degrees. If the angle of intersection is more than one hundred thirty-five (135) degrees, the lot is an "interior lot." 2. "Flag or panhandle lot" means a lot connected to the street with a narrow access portion less than forty (40) feet wide and more than twenty (20) feet long and situated so that another lot is located between the main portion of the flag lot and the street. 682 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 63 of 74 3. "Interior lot" means a lot abutting only one (1) street or abutting two (2) streets which intersect at an angle greater than one hundred thirty-five (135) degrees. 4. "Key lot" means a lot with a side lot line that abuts the rear lot line of one (1) or more adjoining lots. 5. "Reverse corner lot" means a corner lot, the rear of which abuts the side of another lot. 6. "Through lot" means a lot with frontage on two (2) parallel or approximately parallel streets. "Lot area" means the horizontal land area within a lot expressed in square feet, acres, or other area measurement. "Lot coverage" or "building site coverage" means the cumulative ground floor area of the structures on a lot expressed as a percentage of the net lot area. For purposes of this definition, "ground floor area" means all enclosed area within the ground floor of a structure, including exterior walls and mechanical spaces. Carports, garages, accessory buildings and parking structures are included in ground floor area but swimming pools and unenclosed post-supported roofs over patios and walkways are not included. "Lot frontage" means the length of the front lot line. For corner lots the lot frontage shall be measured from the interior lot corner to the outside of the corner cut-back. "Lot line or property line" means any boundary of a lot. The classifications of lot lines and their definitions are as follows: 1. "Front lot line" means the following: 683 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 64 of 74 a. On an interior lot, the line separating the lot from the street; b. On a corner lot, the shorter line abutting a street. (If the lot lines are equal or approximately equal, the director shall determine the front lot line); c. On a through lot, the lot line abutting the street providing primary access to the lot. 2. "Interior lot line" means any lot line not abutting a street. 3. "Rear lot line" means a lot line which does not intersect the front lot line and which is most distant from and most parallel to the front lot line. In the case of an irregularly-shaped lot or a lot bounded by only three (3) lot lines, the rear lot line is a ten (10)-foot long line parallel to and most distant from the front lot line for the purposes of determining setbacks and other provisions of this code. 4. "Side lot line" means any lot line which is not a front or rear lot line. “Low Barrier Navigation Center” as defined in Government Code Section 65660 means a Housing First, low-barrier, service-enriched shelter focused on moving people into permanent housing that provides temporary living facilities while case managers connect individuals experiencing homelessness to income, public benefits, health services, shelter, and housing. "Lower income households" bears the same meaning as defined in Section 50079.5 of the California Health and Safety Code. "Lowest floor" means, with regard to flood protection, the lowest floor of the lowest enclosed area, including a basement or cellar. An unfinished or flood-resistant enclosure, usable solely for parking of vehicles, building access or storage in an area other than a basement area, is not considered a building's lowest floor provided that such enclosure is not built so as to render the structure in violation of the applicable design requirements of the FP floodplain district, Section 9.140.030. "Manufactured home" means a residential building transportable in one (1) or more sections which has been certified under the National Manufactured Housing Construction and Safety Standards Act of 1974. "Master commercial development" means a commercial center for which an overall site development permit was approved and implemented, which may have remaining unconstructed pads or buildings. "Master plan of arterial highways" means a component of the circulation element of the city's general plan designating adopted and proposed routes for all commuter, secondary, primary and major highways within the city. "Master plan of drainage" means an engineering report outlining the drainage facilities needed for the proper development of the city. "Maximum allowable residential density" means the density allowed under applicable zoning ordinances, or if a range of density is permitted, means the maximum allowable density for the specific zoning range applicable to the subject project. "Median" means a paved or planted area separating a street or highway into opposite- direction travel lanes. Medical Clinic. See "Clinic, medical." 684 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 65 of 74 "Medical marijuana dispensary" means a facility or location which provides, makes available or distributes medical marijuana to a primary caregiver, a qualified patient, or a person with an identification card, in accordance with California Health and Safety Code Section 11362.5 et seq. "Menagerie" means a lot on which more than one (1) wild, non-domestic reptile (not including turtles or tortoises), bird (not including poultry) or mammal is kept. A tamed or trained wild animal shall not be considered a domestic animal. "Ministorage facility" means a building containing various size storage compartments not exceeding five hundred (500) square feet each, wherein each compartment is offered for rent or lease to the general public for the private storage of materials excluding materials sold at the facility or delivered directly to customers. "Minor adjustments" are deviations in standards which have little or no potential for adverse impacts on the surrounding community and which are reviewed administratively. Minor Use Permit. See "Use permit." Mobilehome. See "Manufactured home." "Mobilehome park" or "mobilehome development" means any area or tract of land used to accommodate mobilehomes for human habitation, including pads for mobilehomes, clubhouses, recreation facilities, and other ancillary structures and facilities. The term includes mobilehome parks and mobilehome subdivisions. See Section 9.60.180. "Moderate income" or "persons and families of moderate income" means those middle- income families as defined in Section 50093 of the California Health and Safety Code. Modular Home. See "Manufactured home." Monument Sign. See sign definitions, Section 9.160.130. "Motel" means a building or group of buildings containing guest rooms rented on a weekly basis or less and with most or all guest rooms gaining access from an exterior walkway. Multifamily Dwelling or Residence. See "Dwelling, multifamily." "Net project area" means all of the land area included within a development project excepting those areas with before-development slopes of thirty percent (30%) or steeper and those areas designated for public and private road rights-of-way, schools, public parks, and other uses or easements which preclude the use of the land therein as part of the development project. "Net site area" or "net lot area" means the total land area within the boundaries of a parcel or building site after ultimate street rights-of-way and easements that prohibit the surface use of the site are deducted. "Noncommercial coach" means a vehicle, with or without motive power, designed and equipped for human occupancy for classrooms and other nonresidential and noncommercial uses. "Nonconforming lot" means a lot or parcel which was lawful and in conformance with the applicable zoning ordinances when established but which, due to subsequent ordinance changes, does not conform to the current development standards applicable to the zoning district in which it is located. See Chapter 9.270. "Nonconforming structure" means a structure which was lawful and in conformance with the applicable zoning ordinances when constructed but which, due to subsequent ordinance 685 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 66 of 74 changes, does not conform to the current development standards applicable to the zoning district in which it is located. See Chapter 9.270. "Nonconforming use" means a land use which was lawful and in conformance with the applicable zoning ordinances when established but which, due to subsequent ordinance changes, is not currently permitted in the zoning district in which it is located or is permitted only upon the approval of a use permit and no use permit has been approved. See Chapter 9.270. "Nonconformity" means a land use, lot or structure which was lawful when established or constructed but, due to subsequent ordinance changes, is not in conformance with this zoning code. The term nonconformity does not include illegal uses, lots, or structures, i.e., which were not lawful when established or constructed. See Chapter 9.270. Nursery, Day Care. See "Child day care facility." Nursing Home. See "Convalescent home." Office Park. See "Industrial park." Official Zoning Map. See "Zoning map." "Off-site hazardous waste facility" means any structures, other appurtenances or improvements on land and all contiguous land serving more than one (1) producer of hazardous waste, used for the treatment, transfer, storage, resource recovery, disposal or recycling of hazardous waste, including, but not limited to,: 1. Incineration facilities (i.e., rotary kiln, fluid bed, etc.); 2. Residual repository (i.e., receiving only residuals from hazardous waste treatment facilities); 3. Stabilization/solidification facilities; 4. Chemical oxidation facilities; 5. Neutralization/precipitation facilities; or 6. Transfer/storage facilities. "Open space" means any parcel or area of land or water, public or private, which is reserved for the purpose of preserving natural resources, for the protection of valuable environmental features, or for providing outdoor recreation or education. Open space does not include roads, driveways or parking areas not related to recreational uses, any buildings, building setback areas or the required space between buildings, or surface utility facilities. Open Space, Usable. "Usable open space" means open space which is predominately level (i.e., slopes less than five percent (5%)) but which may contain some steeper land (i.e., with slopes up to twenty percent (20%)) which has utility for picnicking or passive recreation activities and which complements surrounding usable open space. Usable open space is a minimum of fifteen (15) feet in width and three hundred (300) square feet in area and may include structures and impervious surfaces such as tot lots, swimming pools, basketball courts, tennis courts, picnic facilities, walkways or bicycle trails. Outdoor Advertising Sign. See "Billboard" in sign definitions, Section 9.160.130. "Outdoor light fixtures" means outdoor artificial illuminating devices, outdoor fixtures, lamps and other devices, permanent or portable, used for illumination or advertisement. Such devices shall include, but are not limited to, search, spot, or flood lights for: 686 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 67 of 74 1. Buildings and structures; 2. Recreational areas; 3. Parking lot lighting; 4. Landscape lighting; 5. Billboards and other signs (advertising or other); 6. Street lighting; 7. General area and yard lighting. "Outdoor vendors" include hotdog stands, ice cream carts, and other retail uses which utilize a movable or relocatable stand or cart for walk-up sales. The stand or cart must be of a size and design suitable for placement on a private sidewalk, plaza, or pedestrianway. Panhandle Lot or Flag Lot. See definitions under "Lot." "Parcel" means an area of land under one (1) ownership which is identified as a lot or parcel on a recorded final map, parcel map, record of survey recorded pursuant to an approved division of land, certificate of compliance or lot line adjustment. The terms "lot" and "parcel" are interchangeable for purposes of this code. "Parking accessway" means a vehicular passageway that provides access and circulation from a street access point into and through a parking lot to parking aisles and between parking areas. "Parking structure" means a structure which is open or enclosed and is used for the parking of motor vehicles. "Parkway" means the area of a public street that lies between the curb and the adjacent property line or physical boundary, such as a fence or wall, which is used for landscaping and/or passive open space. "Pasture" means an enclosed holding area consisting of grass or similar vegetation, specifically used for purposes of grazing or feeding of animals. Patio Home. See "Dwelling, patio home." "Permitted use" means a land use allowed within a zoning district under this zoning code and subject to the applicable provisions of this code. "Person" means any individual, firm, copartnership, joint venture, association, social club, fraternal organization, company, joint stock association, corporation, estate, trust, organization, business, receiver, syndicate, public agency, the state of California or its political subdivisions or instrumentalities, or any other group or combination acting as a unit. "Person with a disability" is a person with a physical or mental impairment that limits or substantially limits one (1) or more major life activities, anyone who is regarded as having such an impairment, or anyone who has a record of such an impairment. "Personal services" are establishments providing nonmedical services as a primary use, including, but not limited to, barber and beauty shops, spas and tanning salons, clothing rental, dry cleaning stores, home electronics and small appliance repair, laundromats (self- service laundries), shoe repair shops, and tailors. 687 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 68 of 74 "Planned unit development" means a residential development characterized by comprehensive planning for the entire project, the clustering of buildings to preserve open space and natural features, and provision for the maintenance and use of open space and other facilities held in common by the property owners within the project. Pole Sign. See sign definitions, Section 9.160.130. Portable Sign. See sign definitions, Section 9.160.130. "Precise plan" or "precise plan of development" means the plan or plans for a project, development or other entitlement approved by the decision-making authority. A precise plan may include site, grading, architecture, landscaping plans and may also include a plan text describing the project design, development phasing, and other characteristics. "Precise plan of highway alignment" means a plan, supplementary to the master plan of arterial highways, which establishes the highway centerline and the ultimate right-of-way lines and may establish building setback lines. Primary Residence. See "Main dwelling." "Primary unit" means a single-family or multifamily residential unit constructed and intended as the principal unit and building on a lot. The primary unit shall be the largest unit on the lot. "Principal use" means the primary or predominant use of any parcel, building site or structure. "Project area" means all of the land area included within a development project excepting those areas designated for public and private road rights-of-way, schools, public parks, and other uses or easements which preclude the use of the land therein as part of the development project. Projecting Sign. See sign definitions, Section 9.160.130. "Property line" means a lot line or parcel boundary. "Public agency" means the United States, the state, the county or any city within the county, or any political subdivision or agency thereof. Rear Lot Line. See definitions under "Lot line." "Reasonable accommodation" means the process of providing flexibility in the application of land use, zoning, and building regulations, practices, and procedures to eliminate barriers to housing opportunities for persons with disabilities. "Recreational vehicle" or "RV" means all trailers or any vehicle placed on a trailer such as a boat, watercraft, or other vehicle, plus any vehicle designed and used for temporary habitation, including motorhomes, travel trailers, "5th wheels" and camper shells. "Recycling" means the process by which waste products are reduced to raw materials and transformed into new products. Relocatable Building. See "Building, relocatable." "Residential care facility" or "community care facility" means a residential facility which is licensed by the state to provide living and treatment facilities on a monthly or longer basis for six (6) or fewer of the following: wards of the juvenile court, elderly persons, mentally disordered persons, handicapped persons or dependent and neglected children. Such a facility is permitted in all types of residences by operation of state law. 688 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 69 of 74 Residential, Multifamily. See "Dwelling, multifamily." Residential, Single-Family. See "Dwelling, single-family." "Restaurant" means any use providing for the preparation, retail sale and consumption on site of food and beverages. Restaurants include, but are not limited to, cafés, coffee shops, pubs, sandwich shops, ice cream parlors, fast food take-out and drive-through stores, whose primary activity is food service and places of business with similar uses. If any seating is provided in conjunction with a store where there is the preparation and retail sale of food and beverages, that use shall be classified as a restaurant. The term "restaurant" may include the licensed sale of alcoholic beverages for consumption on the premises. Restaurant, Drive-Through. "Drive-through restaurant" means a restaurant with one (1) or more automobile lanes which allow for the ordering and dispensing of food and beverages to patrons who remain in their vehicles. Rest Home. See "Convalescent home." "Retail" means the selling of goods or merchandise directly to the ultimate consumer. "Reverse vending machine" means a machine which accepts recyclable materials, such as aluminum cans, newspapers, or other materials, from the public and dispenses money in return. "Riding academy" means a facility designed and used primarily for recreational riding, training and instruction purposes, and allowing both on-site boarding or trailering of horses to the facility. "Riding and hiking trail" means a trail or way designed for and used by equestrians, pedestrians and cyclists using nonmotorized bicycles. "Right-of-way" means the entire width of property used for streets, highways, flood or drainage works, overhead or underground utilities, or any related improvements. Roof Sign. See sign definitions, Section 9.160.130. Roominghouse. See "Boardinghouse." "Satellite dish antenna" means an apparatus capable of receiving communications from a man-made satellite. "Scenic highway" means any highway designated a scenic and/or historic highway by an agency of the city, state or federal government. Second Unit. In accordance with Government Code Section 65852.2(i)(4), "second unit" means an attached or a detached residential dwelling unit which provides complete independent living facilities for one (1) or more persons. It shall include permanent provisions for living, sleeping, eating, cooking, and sanitation and shall be located on the same parcel as the single-family dwelling is situated. A second unit also includes the following: 1. An efficiency unit, as defined in Section 17958.1 of the Health and Safety Code; 2. A manufactured home, as defined in Section 18007 of the Health and Safety Code. "Section" means a portion of this zoning code beginning immediately after a six (6)- or seven (7)-digit number beginning with 9., e.g., 9.10.010 or 9.280.030, and extending to the next such six (6)- or seven (7)-digit number. (See also "Subsection.") 689 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 70 of 74 "Semi-permanent sign" means a non-illuminated sign which requires a sign permit, such as advertising the future construction or opening of a facility, model home complex, commercial, or residential subdivision identification which is intended to be erected or posted for a minimum of sixty-one (61) days and a maximum of one (1) year. A permit for semi-permanent signs advertising future facility construction shall not be approved until a development review application has been submitted. "Senior citizen" means a person fifty-five (55) years of age or older. "Senior citizen residence" means a residential care facility which is licensed by the state to provide living and treatment facilities on a monthly or longer basis for six (6) or fewer senior citizens. "Senior group housing" means a residential development which is developed or substantially renovated for and occupied by seven (7) or more senior citizens. "Service" means an act or any result of useful labor which does not in itself produce a tangible commodity. Service Station. See "Gas station." "Setback" means the distance that a building or other structure or a parking lot or other facility must be located from a lot line, property line or other specified boundary. Sexually Oriented Business. See Chapter 5.80 of the municipal code. "Shopping center" or "commercial center" means a commercial area or group of commercial establishments, planned, developed, managed and maintained as a unit, with common landscaping, amenities, and off-street parking provided to serve all uses on the property. Side Lot Line. See definitions under "Lot line." "Sidewalk sale" or "parking lot sale" means the temporary outdoor display and sale of merchandise which is normally displayed indoors at the location of an individual retail business not located within a shopping center. (See also "Special commercial event.") "Sign" means any medium for visual communication, including, but not limited to, words, symbols and illustrations together with all parts, materials, frame and background, which medium is used or intended to be used to attract attention to, identify, or advertise an establishment, product, service, activity or location, or to provide information. Also, see sign definitions, Section 9.160.130. Single-Family Dwelling or Residence. See "Dwelling, single-family." "Single room occupancy (SRO) facility" or "SRO hotel" means a residential facility which is rented on a weekly or longer basis and which provides living and sleeping facilities for one (1) or two (2) persons per unit. Each unit contains a toilet and sink. Shower, kitchen, and laundry facilities may be shared. Site. See "Building site." Site Area, Net. See "Net project or site area." Site Coverage. See "Building site coverage." Site Development Permit or Development Permit. See Section 9.210.010. "Slope" or "slope gradient" means the vertical distance between two (2) points on a slope divided by the horizontal distance between the same two (2) points, with the result 690 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 71 of 74 expressed as a percentage; e.g., "the slope has a twenty percent (20%) gradient" (usually used to describe natural as opposed to manufactured, slopes). "Slope ratio" means the steepness of a slope expressed as a ratio of horizontal distance to the vertical rise over that horizontal distance; e.g., 2:1 (usually used to describe manufactured as opposed to natural, slopes). "Special commercial event" means the temporary outdoor display and sale of merchandise by two (2) or more tenants within a commercial center, or arts and crafts shows, fairs, or entertainment events within a commercial center. "Specific plan" means a plan consisting of text, maps and other documents and exhibits regulating development within a defined area of the city, consistent with the general plan and State Government Code Section 65450 et seq. "Stable" means a building or structure containing multiple stalls for the purposes of sheltering, feeding, boarding, accommodating or otherwise caring for several horses at one (1) time. "Stall" means a division of a stable accommodating one (1) horse into an adequately sized enclosure for the purpose of confining individual horses within a sheltered environment as may be necessary for security, safety or other reasons pertinent to the health, welfare and daily care of each animal. "Stock cooperative" means a corporation which is formed primarily for the purpose of holding title to, either in fee simple or for a term of years, improved real property, if all or substantially all of the shareholders of such corporation receive a right of exclusive occupancy in a portion of the real property, title to which is held by the corporation, which right of occupancy is transferable only concurrently with the transfer of the shares of stock or membership certificate in the corporation held by the person having such right of occupancy. "Storage" means a place where goods, materials, and/or personal property is placed for more than twenty-four (24) hours. "Story" means that portion of a building included between the surface of any floor and the surface of the floor immediately above it or if there is no floor above, then the space between the floor and the ceiling above it. "Street" means a public or private vehicular right-of-way other than an alley or driveway, including both local streets and arterial highways. "Structure" means anything that is erected or constructed having a fixed location on the ground or attachment to something on the ground and which extends more than thirty (30) inches above the finish grade. A mobilehome or relocatable building, except when used as a temporary use with its weight resting at least partially upon its tires, is a structure for the purposes of this definition. "Subsection" means a portion of a section of this zoning code designated by a section number followed immediately by an upper case letter; for example, subsection 9.10.010(A). (See also "Section.") "Supportive housing" means housing with no limit on length of stay, that is occupied by the target population as defined in subdivision (d) of Section 53260 of the Health and Safety Code 50675.14(b) and that is linked to on-site or off-site services that assist the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community. ("Target 691 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 72 of 74 population" includes adults with low income having one (1) or more disabilities, including mental illness, HIV or AIDS, substance abuse, or other chronic health conditions, or individuals eligible for services provided under the Lanterman Developmental Disabilities Services Act and may, among other populations, include families with children, elderly persons, young adults aging out of the foster care system, individuals exiting from institutional settings, veterans, or homeless people.) "Swimming pool" means an artificial body of water having a depth in excess of eighteen (18) inches, designed, constructed and used for swimming, dipping or immersion purposes by humans. "Tandem parking" means any off-street parking space(s), or arrangement of such spaces, configured in such a manner such that one (1) or more spaces is not directly accessible to a street or other approved access without traversing any portion of another space. "Temporary sign" means any non-illuminated sign which may require a sign permit and which is intended to be posted for a maximum of forty-five (45) days. Temporary signs include without limitation: political campaign signs, garage sale signs and seasonal sales signs. "Temporary use" means a land use established for a specified period of time, which use is discontinued at the end of such specified time. "Timeshare facility" means a facility in which a person receives the right in perpetuity, for life or for a specific period of time, to the recurrent, exclusive use or occupancy of a lot, parcel, unit, or portion of real property for a period of time which has been or will be allocated from twelve (12) or more occupancy periods into which the facility has been divided. A timeshare use may be coupled with an estate in the real property or it may entail a license, contract, membership, or other right of occupancy not coupled with an estate in the real property. Townhome. See "Dwelling, townhome." "Transient basis" means for a continuous period of two (2) weeks or less. "Transitional housing" is buildings configured as rental housing developments, but operated under program requirements that call for the termination of assistance and recirculation of the assisted unit to another eligible program recipient at some predetermined future point in time, which shall be no less than six (6) months. "Transitional shelter" means a shelter for homeless persons or victims of domestic abuse which provides accommodations for persons on a transient basis, i.e., for a continuous period of two (2) weeks or less. Two (2)-Unit Attached Dwelling. See "Dwelling, two (2)-unit attached." "Ultimate right-of-way" means the right-of-way shown as ultimate on an adopted precise plan of highway alignment or the street right-of-way shown within the boundary of a recorded tract map, a recorded parcel map or a recorded planned community development plan. The latest adopted or recorded document in such cases shall take precedence. If none of these exist, the ultimate right-of-way is the right-of-way required by the highway classification as shown in the general plan. "Use" or "land use" means the purpose for which a structure or land is occupied, arranged, designed or intended, or for which either a structure or land is or may be occupied or maintained. 692 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 73 of 74 "Use permit" means a discretionary entitlement under the provisions of this zoning code which authorizes a specific use or development on a specific property subject to compliance with all terms and conditions imposed on the entitlement. Uses requiring a conditional use permit have moderate to significant potential for adverse impacts on surrounding properties, or residents while uses requiring a minor use permit have low to moderate potential for adverse impacts on surrounding properties, residents, or businesses. See Section 9.210.020. Variance. See Section 9.210.030. "Vehicular accessway" means a private, nonexclusive vehicular easement affording access to abutting properties. "Very low income households" bears the same meaning as defined in Section 50105 of the Health and Safety Code. "Veterinary clinic" means a place where animals no larger than the largest breed of dogs are given medical and surgical treatment, primarily on an outpatient basis, and where the boarding of animals under treatment is incidental to the principal clinic use. Wall Sign. See "Building-mounted sign" in sign definitions, Section 9.160.130. "Wing wall" means an architectural feature in excess of six (6) feet in height which is a continuation of a building wall projecting beyond the exterior walls of a building. "Yard" means an open space on a parcel of land or building site unobstructed and unoccupied from the ground upward except for wall projections permitted by this code. Yards are classified as follows: 1. "Front yard" means a yard extending across the full width of the lot between the front lot line or the ultimate street right-of-way line and a setback line within the lot. The depth of the front yard is equal to the setback established in the development standards for the applicable zoning district and is measured along a line drawn at a ninety (90)-degree angle to whichever of the following results in the greatest setback: the front lot line or its tangent or the ultimate street right- of-way or its tangent. 2. "Rear yard" means a yard extending across the full width of the lot between the rear lot line and a setback line within the lot. The depth of the rear yard is equal to the setback established in the development standards for the applicable zoning district and is measured along a line drawn at a ninety (90)-degree angle to whichever of the following results in the greatest setback: the rear lot line or its tangent or the ultimate street right-of-way or its tangent. 3. "Side yard" means a yard extending from the front setback line to the rear setback line. The depth of the side yard is equal to the setback established in the development standards for the applicable zoning district and is measured along a line drawn at a ninety (90)-degree angle to whichever of the following results in the greatest setback: the side lot line or its tangent or the ultimate street right-of- way or its tangent. 693 Created: 2022-03-25 11:00:38 [EST] (Supp. No. 2, Update 3) Page 74 of 74 "Zoning code" or "code" means the zoning code of the city, i.e., Title 9 of the city of La Quinta Municipal Code, including the official zoning map and other maps and graphics incorporated in the zoning code text or included therein by reference. "Zoning district" or "district" means an area of the city designated on the official zoning map and subject to a uniform set of permitted land uses and development standards. "Zoning map" or "official zoning map" means a map incorporated into this code by reference which covers the entire land area of the city and is divided into zoning districts for the purpose of specifying for each such land area the uses permitted, development standards required, and other applicable provisions of this code. (Ord. 577 § 1, 2019; Ord. 562 § 1, 2017; Ord. 550 § 1, 2016; Ord. 538 § 1, 2016; Ord. 512 § 1, 2013; Ord. 505 § 1, 2012; Ord. 489 § 1, 2011; Ord. 325 § 1, 1998; Ord. 284 § 1, 1996) 694 PUBLIC HEARING ITEM NO. 2 City of La Quinta CITY COUNCIL MEETING: July 19, 2022 STAFF REPORT AGENDA TITLE: CONTINUED FROM JUNE 21, 2022: ADOPT RESOLUTION TO APPROVE STREET NAME CHANGES OF (1) SILVERROCK WAY TO TALUS WAY AND (2) AHMANSON LANE TO PAINTED PEAK LANE; CEQA: DESIGN AND DEVELOPMENT DEPARTMENT HAS DETERMINED THE PROJECT IS EXEMPT FROM CEQA UNDER THE PROVISIONS OF SECTION 15061(b)(3) COMMON SENSE RULE; LOCATION: SILVERROCK WAY AND AHMANSON LANE (PROJECT: SNC 2022-0002) RECOMMENDATION Consider a request to adopt a resolution approving a street name change for SilverRock Way and Ahmanson Lane to Talus Way and Painted Peak Lane, respectively, subject to the Conditions of Approval and find the project exempt from CEQA pursuant to Section 15061(b)(3), Common Sense Rule. EXECUTIVE SUMMARY • Street Name Change 2022-0002 is proposed by SilverRock Development Company, LLC (Applicant) to change the street names SilverRock Way to Talus Way and Ahmanson Lane to Painted Peak Lane (Attachment 1). • This process is regulated by La Quinta Municipal Code (LQMC) Chapter 14.08 Street Name Changes (Attachment 2). • Applicant is requesting these changes due to the rebranding of the development from SilverRock to Talus (Attachment 3). • On May 24, 2022, Planning Commission (Commission) recommended City Council approve of changing SilverRock Way to Talus Way but not approve of changing Ahmanson Lane to Painted Peak Lane. The applicant was not present at the Commission meeting. • On June 21, 2022, City Council held a public hearing to consider the proposed street name change and remanded this proposal to the Commission to allow the applicant the opportunity to present the request and respond to the Commission’s concerns and comments. 695 • On July 12, 2022, the Commission reconsidered and recommended Council approve of changing SilverRock Way to Talus Way but not approve of changing Ahmanson Lane to Painted Peak Lane at this time to allow applicant more time to incorporate ways to honor the Ahmanson history and name to the project. FISCAL IMPACT None. The cost to replace street signs would be borne by the applicant. BACKGROUND/ANALYSIS SilverRock Way and Ahmanson Lane are within the Talus Development. SilverRock Way is a public street that begins at Avenue 52 and runs south and east and connects to Jefferson Street. Ahmanson Lane is a private street that connects to SilverRock Way and runs south, with an endpoint roundabout that leads to the current golf clubhouse and future Montage Hotel Lobby. Applicant submitted SNC2022-0002 to change SilverRock Way to Talus Way and Ahmanson Lane to Painted Peak Lane. The proposed street name changes are being proposed as part of a rebranding for the development. LQMC permits any individual to initiate a street name change, signed by at least 67% of the owners abutting the street. The owners abutting these streets include the Applicant and the City of La Quinta. Staff has reviewed the proposed request and it has met the requirements of LQMC Chapter 14.08. On May 24, 2022, the Commission held a public hearing to consider the Applicant’s request. The Applicant, Bruce Maize, was not present at this meeting to answer Commissioner’s questions or comments. Mr. Maize indicated to staff that he mistakenly left the Planning Commission meeting early because he thought that this agenda item had already been discussed. The Commission adopted a Resolution that recommended City Council approve the street name change for SilverRock Way to Talus Way but did not recommend approval of changing Ahmanson Lane to Painted Peak Lane. Commissioners had concern on changing the Ahmanson Lane name due to its association with La Quinta history, specifically for its ties to the Ahmanson Ranch House (Golf Clubhouse). Staff presented the Commission’s recommendation to Council for consideration at a public hearing on June 21, 2022. The Council remanded the street name request to the Commission with the following specific direction: 1) Allow the Applicant the opportunity to present information about the request and address Commissioner concerns and comments; and 2) allow the Commission to submit, for Council review, a supplement to its recommendation or a new recommendation, in light of the applicant’s information and responses to Commissioner comments. The Council continued the Public Hearing to the July 696 19, 2022 Council meeting to reconsider the application and the recommendation, including any supplement or new recommendation, submitted by the Commission. The Commission considered the application on July 12, 2022 and received a presentation from the Applicant on the justification for changing the street names. After discussion, the Commission again recommended Council approve of changing SilverRock Way to Talus Way. For Ahmanson Lane, the Commission recommended that further exploration is done by the Applicant to honor the Ahmanson name, either through keeping the street name, a history wall recognition and/or naming a room as the “Ahmanson Room” in the new restaurant, or by other means. Commission was not fully receptive to the Painted Peak Lane street name, unsure of its relevance to the overall development and concerned on the removal of La Quinta history. The Applicant was receptive to this recommendation from the Commission and was willing to come back at a later date to revisit this name change. ALTERNATIVES 1) Approve SilverRock Way changing to Talus Way but not approve Ahmanson Lane changing to Painted Peak Lane 2) Deny Street Name Change 2022-0002 AGENCY AND PUBLIC REVIEW Public Agency Review The applications were distributed to City staff, including the Riverside County Fire Department. All comments have been addressed and/or added as conditions of approval. The City also received a letter of public comment from Kay Wolff with comments regarding the Ahmanson name (Attachment 4). ENVIRONMENTAL REVIEW The Design and Development Department has determined that the proposed project is exempt from California Environmental Quality Act (CEQA) under provisions of Section 15061(b)(3). The activity is covered by the common sense exemption that CEQA applies only to projects, which have the potential for causing a significant effect on the environment. In this case, it can be seen with certainty that there is no possibility that the proposal in question may have 697 a significant effect on the environment, therefore the proposal is not subject to CEQA. Prepared by: Carlos Flores, Senior Planner Approved by: Danny Castro, Design and Development Director Attachments: 1. Street Name Change Exhibit 2. La Quinta Municipal Code Chapter 14.08 3. Street Name Change Justification 4. Kay Wolff public comment 698 CITY COUNCIL RESOLUTION 2022 - XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING A STREET NAME CHANGE OF SILVERROCK WAY TO TALUS WAY CASE NUMBER: STREET NAME CHANGE 2022-0002 APPLICANT: SILVERROCK DEVELOPMENT COMPANY, LLC WHEREAS, the Planning Commission of the City of La Quinta, California did, on April 26, 2022, adopt Planning Commission Resolution 2022-0009 announcing the intent to hold a public hearing on May 24, 2022, to review a street name change of SilverRock Way to Talus Way and of Ahmanson Lane to Painted Peak Lane, for the entirety of those two streets; and WHEREAS, the Design and Development Department published a public hearing notice in The Desert Sun newspaper on May 6, 2022, and notices were posted on May 13, 2022 along both streets as prescribed by the Municipal Code; and WHEREAS, the Planning Commission of the City of La Quinta, California did, on May 24, 2022, hold a duly noticed public hearing to consider the request of SilverRock Development Company, LLC, for said street name change and recommended City Council approval of changing SilverRock Way to Talus Way but did not recommend the change of Ahmanson Lane to Painted Peak Lane, citing concerns of removing references to La Quinta history; and WHEREAS, the Design and Development Department published a public hearing notice in The Desert Sun newspaper on June 3, 2022, and notices were posted on June 9, 2022 along both streets; and WHEREAS, the City Council of the City of La Quinta, California did, on June 21, 2022, consider this recommendation from Planning Commission and remanded the project to Planning Commission for additional consideration; and WHEREAS, the Planning Commission of the City of La Quinta, California did, on July 12, 2022, reconsider this request and recommended City Council approve of changing SilverRock Way to Talus Way but did not 699 City Council Resolution 2022-XXX Street Name Change 2022-0002 SilverRock Way & Ahmanson Lane Adopted: Page 2 of 3 recommend the change of Ahmanson Lane to Painted Peak Lane, citing concerns of removing references to Ahmanson Lane and provided direction to the Application to spend more time researching and gathering public input on ways to honor the Ahmanson name, through the restaurant, street name, and/or other ways throughout the development; and WHEREAS, the City Council of the City of La Quinta, California did, on July 19, 2022, consider this recommendation from Planning Commission to approve the name change of SilverRock Way to Talus Way but not to change Ahmanson Lane to Painted Peak Lane; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. That the above recitations are true and constitute the Findings of the City Council in this case; and SECTION 2. That the above project be determined by the Planning Commission to be exempt from the California Environmental Quality Act requirements under the provisions of Section 15061(b)(3), Common Sense Rule; and SECTION 3. That it does hereby approve Street Name Change 2002-0002 subject to the attached Conditions of Approval [Exhibit A]. PASSED, APPROVED, and ADOPTED at a regular meeting of the City of La Quinta City Council, held on this 19th day of July, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: 700 City Council Resolution 2022-XXX Street Name Change 2022-0002 SilverRock Way & Ahmanson Lane Adopted: Page 3 of 3 ________________________ LINDA EVANS, Mayor City of La Quinta, California ATTEST: ___________________________ MONIKA RADEVA. City Clerk City of La Quinta, California APPROVED AS TO FORM: ___________________________ WILLIAM H. IHRKE, City Attorney City of La Quinta, California 701 PLANNING COMMISSION RESOLUTION 2022-XXX EXHIBIT A CONDITIONS OF APPROVAL - RECOMMENDED STREET NAME CHANGE 2022-0002 SILVERROCK WAY & AHMANSON LANE ADOPTED: Page 1 of 1 GENERAL 1. The applicant agrees to defend, indemnify, and hold harmless the City of La Quinta (“City”), its agents, officers and employees from any claim, action or proceeding to attack, set aside, void, or annul the approval of this Street Name Change. The City shall have sole discretion in selecting its defense counsel. The City shall promptly notify the applicant of any claim, action or proceeding and shall cooperate fully in the defense. 2. The applicant shall pay for the purchase and installation of any of the new street name signs required as part of this proposal. 702 lm&...'.lL. !()~"Ale ~VE!l..E &4 .r m~ 20'( ~1.u· - (!W'>l'll't ~l.1l") - ~ .. Ii I " ~ I ! I ~IT~~ '"""' 111 MJ SCALE 5.00 ~t;-t 500 1000 1.,00 I ; I I SCALE: 1"=500' i:oll'J {~ Ir 71£ DESERT) N. 2.270. 180.21 E. 6.~.050.'lli (Sff lliS IWl.151£0 OA TA $/ffT FOR ll:N.ACNT a:'5Cllll~f/ON) IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA. SHEET 3 OF 16 SHEETS PARCEL MAP NO. 37207 BEING A SUBDMSION OF PARCELS 2-B. INCLUSIVE; 10-19, INCLUSIVE; 21; 'A" THROUGH 'E'. INCLUSNE; AND 'I' THROUGH "M', INCLUSIVE; OF PARCEL MAP NO J3367 PER MAP FILED IN BOOK 224, PAGES 24 THROUGH 39. INCLUSIVE, OF PARCEL MAPS IN THE OFflCE OF THE COUNTY RECORDER OF RIVERSIDE COUNTY, STATE OF CALIFORNIA; ANO PARCELS 'A' THROUGH 'c', INCLUSNE, OF LOT LINE ADJUSTMENT NO 2016-0007. RECORDED 12/14/2016 AS INSTRUMENT NO. 2016-0557237, OFflCIAL RECORDS OF RNERSIDE COUNTY. CALIFORNIA; LOCATED WITHIN SECTIONS 5. 6. 7, 8 AND 9, TOWNSHIP 6 SOUTH, RANGE 7 EAST, S.8.M., IN THE CITY OF LA QUINTA. COUNTY OF RIVERSIDE, STATE OF CALIFORNIA. SCALE: / '=!iOO' Michael Baker INTERNATIONAL APRIL 2015 ~ t!~ ·"' ,t' ~~ &1 ,~ I ¥ ... .... /, ..,. ~ .... ~ llDLl: t<l!C.ll.£ -----t" AVENUE l'i91 (I.A QIJJNTA CS2()(}5) N. 2,l:SZ.m .4J C, ~.566,m .BI (51.l' lliS PWUS/CD DATA SC£1 Fa/ IOUENT !X'SCGIPl/171) < z 54 .9.RID'll§ MJTES , "c ICoCilS tr iCJll.llliS ffR Ull~ ~ IS DC t~ (!U/)llA ttrRJm.ur Sl'Sipt. m 4J. Jf:f(; 6, AS (fl!JIJl/161 l.iXJi.L~ •r nc' If< IE:fJUH . $1ArlfM .(.J QU//lf~ ~ (PHI) NIJ fGf (£ 71£ OC5tJlf ('ulO). (A."ilrnH!i /T11 ""~IHrET/C s•...:r. """"· IJU>/ 1011 WI"' 9,., cw 71£ ~UrNM. me, tic~ 11al!HD rA $>ITll vim JntJH "'·11·.J0..2D . ar. 2 CIXNllNATrS AS 9 1:MI leyfffl Ni{ IN u~ IF nc ciJ f(l:fflll Q"C/ID./l(l rr .Sr.nfll r&J («'STIJ). c i (tm:1f 2011 ()),\' ~ t.lCAl.lf U\N n£ lr:U.tllll/; (tWflM.t.US t'1S COfl1{(J_ S!ATl/M AS RR 19CJJ BY 11£ NATJ®.L GEfXITIC .stRYE"Y: P49/ N. 2, 152, "lZ9 4J £, 6,568,729 81 cmo N 2,210,11XJ.2l c . 6,420,oso 95 J ~/NATFS 9DIN ~AR£ DlPP£SSED IN TUM CF T1£ t.6 sw~r FOOT. 4. DISTNCES !!iUNIN l:CRD..W J,J;£ (ii'OM DIS/,WX$ UU'SS CJTH:KJl!E rlJTfD. rv aMUlr GRID /Mflr.E DISTNCES fl) CR'UO DISTIJ.cn, Dl'll tr /}{ff) O/SrNl.'£ Fri O.W'l"JlSIJ<XJ Wll/1¥.J} l"/fCTa? A.I t8fMN tm.llJ DISTNa. 5 CAUTUT/(16 r/ifJI ClilO TO~ YA.t.a' Ml'/ U'IMRiil.nI ~£"FOR 111/S .5Ui'\El' 1£71; M4D!" AT A FfJINt <D llnl ff)_ OF N 6.555.'-".Wll'. C 1. <47.~UJMJ'. US/Ill N/li (1' 29 74 (NA"'88) 6 {) //'IJICATfS G:.41.a.l.ATlD QUO OISTAJCES AJ.O BOJWCS Bo!~"' CALIFCRllA COCROINATE SYSTDI CF 198J (EPOCH 20'1 00), AS :HMJ /.£RE"'. 7. rHIS MAP WITAINS 2Q WE£RED PARCEJ..S, l LfTTfRED PN?CEl..S, AllJ :J2L..JJ. Aai!'S. 8 , ~lflJICArfS ABUTTfRS RIGHTS er Ac.tl"SS' OCDICATED TO CITY CF LA OOINTA (1iJ PARCEi. MAP f.rJ JJ.J61, Fii.ID IN 8lXJ( 2Z<f CF PARC£!. MAPS, P~S 24 THn&I J9, IM:t.IJSIVE. 9 .& SEE Sl-£CT I Fa? EASDDff llJT[S 10 @)SEE SJ£Er <f am TAEJ.f fCR CUi'.r-)J() ro.R:E DATA . 11 (R) IMJICATfS RADIAL ICARl/.6 AS llJTHJ 12. ALL JDUENTS SHMi AS SET till. BE SE:T If/ THIN~ r£W AFTER 11'£ RCCC«J.AT/~ CF THIS IJAI' tJ !Et 1 • lfDI 1'11-Y: t~ "L..$ B!rf4". fl.mt (If t.ENJ, '""'° itn TA6 i..s. lJj()b·, nwf. JN m.a.ur <RA !IJi>:i •.4fi',t$S Kt?t;R Sf'M"ED 1..S ~-. ntm IN~( P.AYClil]ff,~'IU" A ll(i"CRC5's or,. <JI II.We AT ALL KM l'Mttl: «ROIS. /:ENI J.'0 ."llCC Pltll:lt A'l1.£ ffJ INTS All) ODS fl" ct((i( fJI t.IDJ CF fRa.IT cr»ERS, SE:T l.£/lf;, TACK )JI) TAG •L S 8508", ATP L. PRrXJ CJJ TtP CF CIRB 14 OCNJITT RECORD tMTA PER fl£FfR8llS B(lCJt Rltll R£CmD MD IEASLRED lMTA ( ) IE.tft:f) DATA PfR fVJ ~f/}f,..S / J ICJlNt IMfA PfR ill ~ll..a.rll, INST /2016-tJ5572J7, REC 12/11/2016 1s t:OCTES ~r lDUENrs AS mm> Bfl.Of: 0 /MJ/GHfS SE:r I" I/DI Plf£ TAGOO) "LS 8508", IN GROCNJ, n.USH A HlJJCATfS SCT H/2" Ct.fffRrf1.D Jl:1UENT' STAJKD "LS 851J8", nl.JSH 16. comes FaN> JCN..IENTS AS MJmJ tnat &. IMJICATP.i A.B.19£D UX:ATJ~ <T USCICS CPS C 0 R S STAT/~. • lflJICATES Fa.NJ NAIL HO TAG "LS 4665•, FL/..&I, IN PAVEJENf. e /MJ/CltTrS FIJJO IDUDff ..tS NJTED NlJ REFCR£JaD l£Rml OJ fa.Ill,-liiX'llPIPf 11/H Pf...ASTJC Pl.LC STAJPED "LS 4665", Fl.IJSH CR rrm TEPTH AS MJruJ, P€R fVI 721/.'#.a.Ji_ [1] FaNJ I" IRm PIPE l lnJIEASS' CN, Ju.GIRL. fCNt. OV. t 1'. f['ll fVJ 1;1/14·'1 SET , • /Rt.N P//'E T.t(<GED i .s IJ!JM ... l'N. 2 .••• J/DJ)l[O A$ ll.1l/HJIBT afifD? ~ruw e m FWD NAIL IN LIEU (Y" 9'/KE it TAG PfR PJB 24/24-J9 SCT 1" /RfJJ PIPE" TAGGED "LS 8508" FrR MRTH f/I Cf»ER ~CTl<J.I B. (±] FCUD t" IRCll P/!'£ If/TH R.ASTIC Pl.LG STAJl'W "rf98" (JLLEGia..£), DN. 2 .J', N'J PDUnCC. NXU'TEO AS 1omo.st CfR£R !XCTICW B (]] FCUl) I" IRCJJ PIP£, a>EN, "'· 0. I', F£R FIB 224/24-J9 SU TAG "LS 8508• FCR SWTH 1/4 ctYllER SECTICJJ 8 (]] r::J:,,;;/l/s'"kW::/J'f ~'~;u":': w STNKD "Pls 6697", n.U91, PfR NJ 224/24-.19 ill r:::;,:::·~,;,w:, -,::.:~'//= :" .S::,~,.,·LS '298' (/11£Cllff), Flint, 1'fR Fie (]] ':J~f" IR<W PIF£. Cl'fN, CN. O 4' rR AS I/TH W'TH AS MJTfl), PER fVJ 224/24-.19 SET TAG (!] ft.UlJ .V4" /Rm PIPE" I/Tl-I PLASTIC PllG STAJ#'ED "LS 1685", Fl.1191f.1111'11 torH AS MJmJ, POl PIO ];j/l4..,JJ, [Qj '::.~JI= ~:~·':lr/V.~~= "LS 4665•, PER P"1 22f/24-J9, "'· 0 2 '; [ill m.N> NAIL it TAG 'LS 4665. fl.lf!!JI PfR FIB 224/2f-J9 ~ FaNJ r IR<JtJ PIP£, Cl'fN, CN 0 J' al AS MJTf]), PCR PllJ 2U/21-J9 ATTACHMENT 1 703 ATTACHMENT 2 Title 14 - STREETS AND SIDEWALKS Chapter 14.08 STREET NAME CHANGES La Quinta, California, Municipal Code Created: 2022-03-25 11:00:47 [EST] (Supp. No. 2, Update 3) Page 1 of 2 Chapter 14.08 STREET NAME CHANGES 14.08.010 Petition for initiation of street name change. Any person may initiate a street name change for any reason consistent with law, by complying with the provisions of this chapter. (Ord. 10 § 1, 1982) 14.08.020 Initiation of petition. A proposed change of street name may be initiated by filing with the planning commission an application in the form prescribed by the city manager and signed by the owners of at least sixty percent (60%) of the lineal frontage abutting the street to be affected. (Ord. 10 § 1, 1982) 14.08.030 Application fee. The application shall be accompanied by a fee in an amount established by resolution of the city council, in order to defray the costs of publishing, posting and processing, as hereinafter prescribed. (Ord. 10 § 1, 1982) 14.08.040 Manager's examination. The city manager shall examine the application and determine the sufficiency of same as to the percentage requirement of Section 14.08.020. (Ord. 10 § 1, 1982) 14.08.050 Adoption of resolution of intention. Upon determination of the sufficiency of the petition, the commission shall adopt a resolution of intention to change name and set a date for public hearing not less than thirty (30) days from the date of adoption of the resolution. (Ord. 10 § 1, 1982) 14.08.060 Publication. The city manager shall provide for at least one (1) publication of the resolution of intention in a newspaper of general circulation within the city at least fifteen (15) days prior to the hearing date. (Ord. 10 § 1, 1982) 704 Created: 2022-03-25 11:00:47 [EST] (Supp. No. 2, Update 3) Page 2 of 2 14.08.070 Posting. The city manager shall provide for posting copies of the resolution of intention in at least three (3) public places along the street proposed to be affected. The posting shall be completed at least ten (10) days prior to the hearing date. (Ord. 10 § 1, 1982) 14.08.080 Commission hearing. At the time set for hearing, or at any time to which the hearing may be continued, the commission shall hear and consider proposals to adjust, alter or change the name(s) of the street(s) mentioned in the resolution, and objections to the proposals. (Ord. 10 § 1, 1982) 14.08.090 Commission recommendation. At or after the conclusion of the hearing, the commission may make any recommendation to the city council which the commission deems appropriate. In its deliberations the commission shall consider any applicable specific plans in effect. (Ord. 10 § 1, 1982) 14.08.100 Council action. The city council may, pursuant to California Government Code Section 34091.1, take such action as it deems appropriate upon the recommendation of the commission, and failure to take action within sixty (60) days after submission of the commission's recommendation shall be deemed denial of the application. (Ord. 10 § 1, 1982) 14.08.110 Commission recommendation without petition and hearing. Notwithstanding any other parts of this code, the commission may, for any reason it deems in the public interest and necessity, recommend to the city council that a street name be changed. The recommendation may be made without complying with the requirements of Sections 14.08.020 through 14.08.080. The recommendation shall be in the form of a resolution of the commission directed to the city council. Thereafter the city council shall take such action as it deems appropriate. (Ord. 10 § 1, 1982) 705 SilverRock Development Company, LLC 343 4th Avenue | San Diego, CA 92101 | 760.634.6543 November 30, 2021 Carlos Flores CITY OF LA QUINTA 78495 Calle Tampico La Quinta, CA 92253 RE: Talus Way Dear Carlos: SilverRock Development Company requests that the street “SilverRock Way” of Parcel Map No. 37207 be renamed as “Talus Way.” The change is to reflect the rebranding of the SilverRock development to Talus. Thank you for your consideration. Sincerely, Kaleena Klimeck Kaleena Klimeck Assistant Project Manager – The Robert Green Company, Inc. Cc: Robert Green, RGC Josh Frantz, RGC Amy Yu, City of La Quinta Rich Vaughn, MBI ATTACHMENT 3 706 SilverRock Development Company, LLC 343 4th Avenue | San Diego, CA 92101 | 760.634.6543 November 30, 2021 Carlos Flores CITY OF LA QUINTA 78495 Calle Tampico La Quinta, CA 92253 RE: Painted Peak Lane Dear Carlos: SilverRock Development Company requests that the street “Ahmanson Lane” of Parcel Map No. 37207 be renamed as “Painted Peak Lane.” The name speaks to the genius loci of the site; it conveys both geological and atmospheric aspects of the street as it describes the impressive quality of light that washes the prominent mountain range and the effect it imposes on the area. Additionally, Talus’ iconography is of the painted peaks. Thus, the street name change will also reinforce the community’s branding. Thank you for your consideration. Sincerely, Kaleena Klimeck Kaleena Klimeck Assistant Project Manager – The Robert Green Company, Inc. Cc: Robert Green, RGC Josh Frantz, RGC Amy Yu, City of La Quinta Rich Vaughn, MBI 707 1 From:Kay Wolff <KayWolff@msn.com> Sent:Monday, June 20, 2022 7:47 PM To:Monika Radeva Subject:WRITTEN COMMENT FOR JUNE 21, 2022 COUNCIL MEETING ** EXTERNAL: This message originated outside of the City of La Quinta. Please use proper judgement and caution when opening  attachments, clicking links or responding to requests for information. **  Kay Wolff 77-227 Calle Ensenada, La Quinta 760-564-4070 Public Hearing #3 Renaming of Streets in Talus development Please do not rename Ahmanson Way. The Ahmanson Ranch is historically significant to our city. This street now leads to the original 1902 ranch house and the area of the Robert Trent Jones golf course and replicas of Mayan stonework. The cattle ranch consisted of over 500 acres. The Historical Society placed two historic plaques to emphasize the importance of this property. I agree with the comment of Planning Commissioner Mary Caldwell, who cautioned that we should not “erase the history” of our City. Sent from Mail for Windows  CITY COUNCIL MEETING - JUNE 21, 2022 - WRITTEN COMMENTS BY RESIDENT KAY WOLFF PUBLIC HEARING ITEM NO. 3 - SILVERROCK STREET NAME CHANGES ATTACHMENT 4 708 DEPARTMENTAL REPORT ITEM NO. 7 709 710 711 712 FINANCING AUTHORITY MINUTES Page 1 of 2 JUNE 21, 2022 SPECIAL MEETING FINANCING AUTHORITY SPECIAL MEETING MINUTES TUESDAY, JUNE 21, 2022 CALL TO ORDER A special meeting of the La Quinta Financing Authority was called to order at 10:16 p.m. by Chairperson Evans. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Authority Members Fitzpatrick, Peña, Radi, Sanchez, and Chairperson Evans ABSENT: None PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA – Confirmed BUSINESS SESSION 1. ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2022/23 LA QUINTA FINANCING AUTHORITY BUDGET [RESOLUTION NO. FA 2022-001] Finance Director Martinez presented the staff report, which is on file in the Clerk’s Office. MOTION – A motion was made and seconded by Authority Members Fitzpatrick/Sanchez to adopt Resolution No. FA 2022-001 approving Fiscal Year 2022/23 Financing Authority Budget, as recommended: A RESOLUTION OF THE FINANCING AUTHORITY OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING FISCAL YEAR 2022/23 BUDGET Motion passed unanimously. CHAIR AND BOARD MEMBERS' ITEMS – None REPORTS AND INFORMATIONAL ITEM NO. 30 713 FINANCING AUTHORITY MINUTES Page 2 of 2 JUNE 21, 2022 SPECIAL MEETING ADJOURNMENT There being no further business, it was moved and seconded by Authority Members Radi/Sanchez to adjourn the meeting at 10:18 p.m. Motion passed unanimously. Respectfully submitted, MONIKA RADEVA, Authority Secretary La Quinta Housing Authority 714 PLANNING COMMISSION MINUTES Page 1 of 5 October 26, 2021 PLANNING COMMISSION MINUTES TUESDAY, OCTOBER 26, 2021 CALL TO ORDER A regular meeting of the La Quinta Planning Commission was called to order at 5:00 p.m. by Chairperson Nieto. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Commissioners Caldwell, Currie, Hassett, McCune, Tyerman, and Chairperson Nieto ABSENT: Commissioner Proctor STAFF PRESENT: Design & Development Director Danny Castro, Planning Manager Cheri L. Flores, Senior Planner Carlos Flores, Public Works Director/City Engineer Bryan McKinney, and Commission Secretary Tania Flores PLEDGE OF ALLEGIANCE Vice Chairperson Currie led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA PUBLIC SPEAKER: Sheila Warren, La Quinta - opposed the Coral Mountain Resort project; cited letter from Edward Lister Smillow, a resident and Board Member of the California Alliance for Golf, which provided a comparison of Golf Course Development with the proposed project. PUBLIC SPEAKER: Alena Callimanis, La Quinta – opposed the Coral Mountain Resort project; expressed concerns regarding site location and the proximity to Cantera project; provided water consumption usage per Coachella Valley Water District charts and expressed concerns regarding water depletion and compared Valley’s projected water usage with projected future water supplies; urged the Commission to consider water supply shortages when reviewing upcoming and future projects. CONFIRMATION OF AGENDA – Confirmed. REPORTS AND INFORMATIONAL ITEM NO. 31 715 PLANNING COMMISSION MINUTES Page 2 of 5 October 26, 2021 ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATION – None. CONSENT CALENDAR 1.APPROVAL OF MINUTES DATED SEPTEMBER 14, 2021 2.ADOPT A RESOLUTION FINDING THE PROPOSED PURCHASE BETWEEN THE CITY OF LA QUINTA AND SHOVLIN PROPERTIES FOR CERTAIN PROPERTY LOCATED AT 78370 HIGHWAY 111 CONSISTENT WITH THE GENERAL PLAN 2035 [PC RESOLUTION NO. 2021-012] CONSENT CALENDAR ITEM NO. 1 Vice Chairperson Currie requested administrative corrections to the September 14, 2021, meeting minutes to include removing staff comments made during the minutes review process on page 1 under the “Staff Present” section and typo on page 4. CONSENT CALENDAR ITEM NO. 2 Staff advised the Commission that the purview of this decision was only whether or not to find this purchase consistent with the General Plan and not to approve an agreement with any other entity in regard to this property. Staff answered Commission questions regarding intended use, possible future connection to CV Link, ownership and property lines, and how this purchase was being funded. MOTION – A motion was made and seconded by Chairperson Nieto and seconded by Commissioner Caldwell to approve the Consent Calendar, with revisions to Item No. 1 Planning Commission meeting minutes of September 14, 2021, as discussed, and Consent Calendar Item No. 2 adopting Planning Commission Resolution 2021- 012. AYES: Commissioners Caldwell, Currie, Hassett, McCune, Tyerman, and Chairperson Nieto. NOES: None. ABSENT: Commissioner Proctor. ABSTAIN: None. Motion passed. BUSINESS SESSION 1.APPROVE CANCELLATION OF REGULAR PLANNING COMMISSION MEETINGS OF NOVEMBER 23, 2021, AND DECEMBER 28, 2021 Commission waived reading of the staff report, which is on file in the Design and Development Department. MOTION – A motion was made and seconded by Commissioners Caldwell/Currie to approve the cancellation of the regular Planning Commission meetings of November 23, 2021, and December 28, 2021, as recommended. AYES: Commissioners Caldwell, Currie, Hassett, McCune, Tyerman, and Chairperson Nieto. NOES: None. ABSENT: Commissioner Proctor. ABSTAIN: None. Motion passed. 716 PLANNING COMMISSION MINUTES Page 3 of 5 October 26, 2021 STUDY SESSION 1.REVIEW IMPLEMENTATION OF NEW STARBUCKS DRIVE-THROUGH; LOCATION: NORTHWEST CORNER OF WASHINGTON STREET AND CALLE TAMPICO Senior Planner Flores presented the staff report which is on file in the Design and Development Department. Staff answered questions regarding drive-thru design, queuing lines, stacking, and bottlenecking concerns at menu; vehicle noise and emission odors effects on patio seating; landscaping and property maintenance responsibilities; safety concerns regarding the Electric Vehicle Charging station near patio. Project Manager Paul Bernard of LQ Investors spoke in regard to the previous landscaping issues requiring repairs and future landscape and tree trimming plans for the shopping center. PUBLIC HEARINGS 1.ADOPT A RESOLUTION TO APPROVE CONDITIONAL USE PERMIT AND SITE DEVELOPMENT PERMIT FOR A NEW 4,335 SQUARE FOOT DRIVE- THROUGH BUILDING FOR A PANERA RESTAURANT; CEQA: DESIGN AND DEVELOPMENT DEPARTMENT HAS DETERMINED THE PROJECT IS CONSISTENT WITH EA 1996-319; LOCATION: 78902 HIGHWAY 111 [PC RESOLUTION NO. 2021-013] DECLARATIONS REGARDING COMMISSION PUBLIC CONTACT – None. Senior Planner Flores presented the staff report which is on file in the Design and Development Department. Staff answered questions regarding double drive-through lane usage, stacking, and menu board location; pedestrian access across drive-through lanes and safety concerns; project relationship to the Highway 111 corridor plan; future link to cultural trail; changes in square footage of the building as proposed; landscaping responsibility. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING OPEN AT 6:11 P.M. PUBLIC SPEAKER VIA TELEPHONIC ACCESSIBILITY: Alena Callimanis, La Quinta – suggested speed bump/hump addition to the drive-through at the pedestrian access point; opposed the need of drive-through accessibility for this particular restaurant. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING CLOSED AT 6:13 P.M. Commission discussion followed regarding drive-through lane usage, stacking, and menu board location; the project consistency with the Highway 111 corridor plan; possibility of adding speed bump/hump/table at pedestrian crossing area in the drive-through lane. 717 PLANNING COMMISSION MINUTES Page 4 of 5 October 26, 2021 Chairperson Nieto spoke in opposition to the project citing inconsistency with the vision for the Highway 111 corridor plan; increased traffic and vehicle use by drive-through customers; drive-through saturation in this area the other drive-through eateries in close proximity to this project. MOTION – A motion was made and seconded by Commissioners Caldwell/Currie to adopt Planning Commission Resolution 2021-0013 to approve Conditional Use Permit 2021-0001 and Site Development Permit 2021-0006, subject to the Findings and Conditions of Approval as amended, and find the project consistent with Environmental Assessment 1996-319.: A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING CONDITIONAL USE PERMIT 2021-0001 AND SITE DEVELOPMENT PERMIT 2021-0006 FOR A NEW 4,335 SQUARE FOOT DRIVE-THROUGH BUILDING FOR A PANERA RESTAURANT AT 78902 HIGHWAY 111 CASE NUMBERS: CONDITIONAL USE PERMIT 2021-0001, SITE DEVELOPMENT PERMIT 2021-0006, AND ENVIRONMENTAL ASSESSMENT 2021-0004 (MASTER PROJECT 2021-0003) APPLICANT: RSI GROUP AYES: Commissioners Caldwell, Currie, Hassett, McCune, and Tyerman. NOES: Chairperson Nieto. ABSENT: Commissioner Proctor. ABSTAIN: None. Motion passed. REPORTS AND INFORMATIONAL ITEMS – None. COMMISSIONERS’ ITEMS Commissioner Caldwell made comments regarding her recent attendance at the Concert in the Park and commended Staff, the Committee, and Commissioner McCune for putting together a successful event. Chairperson Nieto seconded that comment. Commissioner McCune thanked Finance and the Ad-Hoc Committee for their work in planning the event as well. Commissioner Tyerman expressed some concern with water consumption throughout the valley; the importance of water management; suggested providing educational opportunities regarding water usage and management for the public. Chairperson Nieto recommended Coachella Valley Water District’s recent presentation on this topic. Vice Chairperson Currie added that Imperial Irrigation District does provide a water tour for further education on water usage and conservation. Chairperson Nieto spoke regarding the Palm Springs park that recently opened in front of the Palm Springs Art Museum and its representation of desert area parks in relation to cooling and shading as well as the water feature and misting station. STAFF ITEMS 1.WIRELESS TELECOMMUNICATIONS INVENTORY UPDATE 718 PLANNING COMMISSION MINUTES Page 5 of 5 October 26, 2021 Associate Planner Fernandez presented the staff report which is on file in the Design and Development Department. Staff answered questions regarding cell tower coverage and pending cell tower sites approved but not yet operational. 2.VERBAL UPDATE ON CITYWIDE PROJECTS Planning Manager Flores presented an update on citywide projects including the Highway 111 corridor plan, the Housing and Safety Element, Coral Mountain Resort, Caleo Bay Park, Piazza Serena, Andalusia, The Village at 58, the former Steinmart building, The Peak, Jefferson Apartments, Rapport Furniture, Pavilion Palms, Grocery Outlet and Signature at PGA West. Chairperson Nieto questioned the status of the California Desert Museum of Art project site and if there had been any prospects to repurpose the site. ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Caldwell/Hassett to adjourn the meeting at 6:48 p.m. AYES: Commissioners Caldwell, Currie, Hassett, McCune, Tyerman and Chairperson Nieto. NOES: None. ABSENT: Commissioner Proctor. ABSTAIN: None. Motion passed. Respectfully submitted, TANIA FLORES, Commission Secretary City of La Quinta, California 719 720 PLANNING COMMISSION MINUTES Page 1 of 7 January 11, 2022 PLANNING COMMISSION MINUTES TUESDAY, JANUARY 11, 2022 CALL TO ORDER A regular meeting of the La Quinta Planning Commission was called to order at 5:01 p.m. by Chairperson Nieto. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Commissioners Caldwell (via teleconference), Currie, Hassett, McCune, Proctor, Tyerman, and Chairperson Nieto ABSENT: None STAFF PRESENT: Design & Development Director Danny Castro, Public Works Director/City Engineer Bryan McKinney, Planning Manager Cheri L. Flores, Senior Planner Carlos Flores, Associate Planner Siji Fernandez, Commission Secretary Tania Flores, Assistant City Attorney Travis Van Ligten (via teleconference) CONSULTANTS: Planning Consultant Nicole Criste with Terra Nova Planning & Research, Inc. PLEDGE OF ALLEGIANCE Commissioner McCune led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA PUBLIC SPEAKER: Alena Callimanis, La Quinta – provided information regarding water conservation, levels, and usage; opposed the Coral Mountain Resort project due to water consumption concerns; provided drone footage of proposed site. CONFIRMATION OF AGENDA – Confirmed. REPORTS AND INFORMATIONAL ITEM NO. 32 721 PLANNING COMMISSION MINUTES Page 2 of 7 January 11, 2022 ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATION – None. CONSENT CALENDAR 1.APPROVE MEETING MINUTES OF OCTOBER 26, 2021 MOTION – A motion was made and seconded by Commissioners Proctor/Currie to approve the Consent Calendar, as presented. Motion passed unanimously. BUSINESS SESSION – None. STUDY SESSION – None. PUBLIC HEARINGS 1.ADOPT A RESOLUTION TO APPROVE SITE DEVELOPMENT PERMIT 2021-0007 (SDP 2004-816, AMENDMENT NO. 2) AND MINOR ADJUSTMENT 2021-0010 TO AMEND SINGLE FAMILY RESIDENTIAL PLANS FOR BELLA AT PIAZZA SERENA; CEQA: THE PROJECT IS CONSISTENT WITH PREVIOUSLY CERTIFIED MITIGATED NEGATIVE DECLARATION PREPARED FOR PIAZZA SERENA (EA2001-417). LOCATION: NORTHWEST CORNER OF AVENUE 58 AND MONROE STREET DECLARATIONS REGARDING COMMISSION PUBLIC CONTACT – None. Associate Planner Fernandez presented the staff report which is on file in the Design and Development Department. Staff answered questions regarding the Minor Adjustments (MA) requested for lots 9 and 40; reductions in square footage of the units in the proposed plans, elevation height changes, garage sizes and measurements, and how square footage is calculated for projects; the Imperial Irrigation District (IID) project letter citing submittal requirements; CEQA compliance and consistency with previously approved Mitigated Negative Declaration; reasons for the MA requested and the ability to add a residential pool to each lot; public response letters and what changes were made due to these letters; exterior landscaping plans; short-term vacation rental permit allowance; solar energy provisions. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING OPEN AT 5:44 P.M. Applicant Edgar Gomez of Richmond American Homes provided a brief presentation regarding the history of this phase of the project; existing homeowner and homeowner association outreach addressing architectural, landscaping, and square 722 PLANNING COMMISSION MINUTES Page 3 of 7 January 11, 2022 footage concerns; IID and Coachella Valley Water District (CVWD) ability to service the project; consistency with the residential standards, zoning code, general plan policies, and site and landscape design criteria; phasing and timeline for construction buildout and landscaping; reason for the changes to square footage of individual units; proposed location of the model homes; managing Homeowner’s Association for the new phase of the development; the Contemporary Prairie elevation architecture and design consistency; construction access through emergency access gate; pool and landscaping packages; supply chain issues and material shortages; interest and pre-sale units. Director Castro noted the Commission’s review and consideration of this item was regarding the Site Development Permit Amendment request to amend the single family residential plans for Bella at Piazza Serena. PUBLIC SPEAKER: Alena Callimanis, La Quinta – declined public comment as her questions were answered. PUBLIC SPEAKER: Carl Coggins, La Quinta – opposed the project due to garage capacity, and the design and architecture of the proposed homes. PUBLIC SPEAKER: David Crouse, La Quinta – opposed the project due to appearance, size and quality of the proposed homes including garage sizes; fireplaces as options rather than standard; price point affecting the values of the existing and surrounding homes. PUBLIC SPEAKER: Charles Hawkins, La Quinta – expressed appreciation for existing homes within Piazza Serena; provided a brief history of the project; opposed the project due to reduction in square footage of proposed homes. PUBLIC SPEAKER: Tamara Hay, La Quinta – opposed the project due to the reduction in square footage and expected base price of the proposed homes; inconsistency with architectural design of plans within the project; lack of communication with Applicant. PUBLIC SPEAKER: Donald Imoto, La Quinta – opposed the project due to decreased square footage and inconsistency of the proposed architectural design with the existing homes. PUBLIC SPEAKER: Fonda Lacerra, La Quinta – opposed the project due to decreased square footage and discrepancy in calculations of living space versus total building footprint; expressed concerns regarding the reputation of Applicant. PUBLIC SPEAKER: David Nola, La Quinta – opposed the project due to lack of communication from the Applicant, decreased square footage of the proposed units 723 PLANNING COMMISSION MINUTES Page 4 of 7 January 11, 2022 and inconsistency with existing units and surrounding communities; use of the emergency access road for construction and safety concerns; reputation of the Applicant. PUBLIC SPEAKER: Phillip Reyes, La Quinta – declined public comment as all concerns had been addressed. PUBLIC SPEAKER: Raymond Curt Starkweather, La Quinta resident and President of the Piazza Serena Homeowner’s Association – opposed the project due to decreased square footage and inconsistency of the architectural design of the proposed units with the existing homes. PUBLIC SPEAKER: John “Randy” Young, La Quinta – opposed the project due to decreased square footage of proposed units. PUBLIC SPEAKER: Rosalie Young, La Quinta – declined to speak stating her husband addressed her concerns. PUBLIC SPEAKER VIA TELECONFERENCE: Natalie Kennel, La Quinta – opposed the project due to the negative reputation of the Applicant; lack of Applicant’s area specific knowledge and experience; lack of communication from Applicant; decreased garage size and capacity. Staff answered Commission questions regarding changes to the livable square footage versus building footprint square footage; Applicant responded to Commission questions and Public Speaker comments regarding calculated square footage, the Applicant’s reputation, and knowledge of the area. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING CLOSED AT 6:50 P.M. Commission discussion followed regarding architectural design; discrepancy of calculating livable square footage versus building footprint square footage; the Commission’s purview of consideration; market for smaller sized homes; amending the conditions of approval to include items discussed; real estate values of smaller homes. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING RE-OPEN AT 6:58 P.M. Applicant provided additional information regarding the request for the amendment. Staff provided additional information regarding the Commission’s purview as it related to this item and the La Quinta Municipal Code; Minor versus Major modification process and the 10% rule. 724 PLANNING COMMISSION MINUTES Page 5 of 7 January 11, 2022 PUBLIC SPEAKER: David Nola, La Quinta – opposed the project amendment due to decreased livable square footage and the affects this will have on the value of the existing homes within the project; the reputation of the Applicant. PUBLIC SPEAKER: Tommi Lacerra, La Quinta – opposed the project due to decreased square footage and the affects this will have on value of existing homes within the project and surrounding developments. PUBLIC SPEAKER: Jason Trada, La Quinta – opposed the project due to poor salesmanship and lack of trust of the Applicant; decreased square footage and the effects on the home values of the existing homes. Applicant responded to comments made regarding the anticipated price points of the proposed homes with floor plans as presented. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING RE-CLOSED AT 7:10 P.M. Commission discussion followed regarding exterior landscape; the quantity of plan type most affected by reduction in square footage; affects the proposed changes would have on the value of the existing homes; the need for compromise to finish the project; emergency access point for construction access; need for side-by-side comparison of square footage including livable space, garage size, and footprint of each plan. Commissioner Caldwell recommended a motion for continuance to allow for the Commission’s and public concerns to be addressed by the Applicant and City Staff. Assistant City Attorney Van Ligten provided instruction on procedures for continuing the hearing. Commission and staff discussed square footage calculations. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING RE-OPEN AT 7:17 P.M. Staff, Commission, and Applicant discussed timeline for continuation of this item. Assistant City Attorney Van Ligten clarified the differences between denying this request or continuing the item and what the Commission’s purview would be if the item was to be continued. MOTION – A motion was made and seconded by Chairperson Nieto/ Commissioner Hassett to continue the Public Hearing for consideration of adoption of a Resolution to approve a new architectural plan set for Bella at Piazza Serena, a Minor Adjustment to setbacks on two lots, and find the project consistent with previously certified Mitigated Negative Declaration, to a date certain of February 8, 2022. Motion passed unanimously. 725 PLANNING COMMISSION MINUTES Page 6 of 7 January 11, 2022 2. CONSIDER NEGATIVE DECLARATION (EA2021-0010), AND GENERAL PLAN AMENDMENT 2020-0001, FOR THE 2022-2029 HOUSING ELEMENT UPDATE AND UPDATES TO 2035 GENERAL PLAN CHAPTER IV, ENVIRONMENTAL HAZARDS (SAFETY ELEMENT), TAKE PUBLIC TESTIMONY, AND CONTINUE TO FEBRUARY 8, 2022; CEQA: A NEGATIVE DECLARATION WAS PREPARED UNDER ENVIRONMENTAL ASSESSMENT 2021-0010; LOCATION: CITY-WIDE DECLARATIONS REGARDING COMMISSION PUBLIC CONTACT – None. Planning Consultant Criste presented the staff report which is on file in the Design and Development Department. Staff answered questions regarding the removal of discretionary findings from permitting requirements found on page 104 of the agenda packet and the City’s ability to make findings related to development standards, general plan, and zoning ordinances; identifying and allocating sites for affordable housing; the City’s ability to facilitate an increase in affordable housing access; identified properties to RHNA requirements and utilization of available properties; costs associated with building affordable housing and how those figures are calculated; specific sites removed from a previous prospective affordable housing list; zoning amendments required for affordable housing overlay and development standards; converting private housing to affordable housing; state versus local control over findings; the status of Season La Quinta at Mira Flores. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING OPEN AT 8:11 P.M. PUBLIC SPEAKER: None. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING CLOSED AT 8:12 P.M. The Commission expressed appreciation to Planning Consultant Criste and the Planning Staff for their work on preparing the Housing Element for consideration. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING RE-OPEN AT 8:13 P.M. MOTION – A motion was made and seconded by Commissioners McCune/Proctor to continue the Public Hearing to consider adoption of a Resolution recommending City Council approval of a Negative Declaration (EA2021-0010), and a General Plan Amendment (GPA2020-0001) for the 2022-2029 Housing Element Update and updates to the 2035 General Plan Chapter IV, Environmental Hazards (Safety Element), to a date certain of February 8, 2022. Motion passed unanimously. STAFF ITEMS – None. 726 PLANNING COMMISSION MINUTES Page 7 of 7 January 11, 2022 REPORTS AND INFORMATIONAL ITEMS – None. COMMISSIONERS’ ITEMS Commissioner McCune requested Assistant City Attorney Van Ligten provide additional clarification relating to the calculating of residential square footage by various entities including the County Tax Assessor, City, and Real Estate Agents at a future meeting. Chairperson Nieto requested additional information on State legislature as it relates to housing including SB8, SB9 and SB10. ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Proctor/Currie to adjourn the meeting at 8:20 P.M. Motion passed unanimously. Respectfully submitted, TANIA FLORES, Commission Secretary City of La Quinta, California 727 728 PLANNING COMMISSION MINUTES Page 1 of 7 January 25, 2022 PLANNING COMMISSION MINUTES TUESDAY, JANUARY 25, 2022 CALL TO ORDER A regular meeting of the La Quinta Planning Commission was called to order at 5:05 p.m. by Chairperson Nieto. This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Commissioners Caldwell, Currie, Hassett (joined at 5:13 P.M.), McCune (joined 5:15 P.M.), Proctor, Tyerman, and Chairperson Nieto ABSENT: None STAFF PRESENT: Design & Development Director Danny Castro, Public Works Director/City Engineer Bryan McKinney, Planning Manager Cheri L. Flores, Senior Planner Carlos Flores, Associate Planner Siji Fernandez, Commission Secretary Tania Flores, City Attorney Bill Ihrke CONSULTANTS: Planning Consultant Nicole Criste with Terra Nova Planning & Research, Inc. PLEDGE OF ALLEGIANCE Commissioner Proctor led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA PUBLIC SPEAKER: Alena Callimanis, La Quinta – opposed the Coral Mountain Resort project and provided information regarding extreme heat, California Health and Safety Code Chapter 5 pertaining to Safe Recreational Water Use; water consumption. REPORTS AND INFORMATIONAL ITEM NO. 33 729 PLANNING COMMISSION MINUTES Page 2 of 7 January 25, 2022 PUBLIC SPEAKER: Armita Ariano, Coachella Valley Water Keeper Staff Attorney – opposed the Coral Mountain Resort project and disputed Coachella Valley Water District’s representation of the water supply for the project; provided information regarding water supply shortages and future water restrictions; environmental justice issues due to increased water consumption. PUBLIC SPEAKER: Mike Rowe, La Quinta – requested that the Planning Commission take Public Hearing Item No. 3 regarding Griffin Ranch first to limit the public and applicant wait time as the recommendation for that item is for continuance. MOTION – A motion was made by Chairperson Nieto to move the Public Hearing Item No. 3 to the first Public Hearing Item for consideration. Motion passed unanimously. CONFIRMATION OF AGENDA MOTION – A motion was made and seconded by Commissioners Proctor/Caldwell to confirm the Agenda as amended. Motion passed unanimously. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATION – None. CONSENT CALENDAR 1. ADOPT RESOLUTION FINDING THE PROPOSED PURCHASE BETWEEN THE CITY OF LA QUINTA AND MANNINO LIVING TRUST FOR CERTAIN PROPERTY LOCATED ON THE NORTH SIDE OF HIGHWAY 111, WEST OF DUNE PALMS (APN 600-390-024) CONSISTENT WITH THE GENERAL PLAN 2035. CEQA: THE PROJECT IS EXEMPT FROM ENVIRONMENTAL REVIEW PURSUANT TO SECTION 15061 (b) (3) “COMMON SENSE EXEMPTION” Commissioners expressed appreciation to the City in consideration of enhancement to the Highway 111 corridor and expanding the mixed-use and affordable housing plans. MOTION – A motion was made and seconded by Commissioners Currie/Hassett to approve the Consent Calendar, as presented. Motion passed unanimously. BUSINESS SESSION – None. STUDY SESSION – None. PUBLIC HEARINGS 730 PLANNING COMMISSION MINUTES Page 3 of 7 January 25, 2022 3. Item was moved to first consideration during confirmation of Agenda >>> ADOPT RESOLUTIONS TO APPROVE AN ADDENDUM TO EA2006-577 AND FIND THE PROJECT CONSISTENT WITH THE PREVIOUSLY ADOPTED MITIGATED NEGATIVE DECLARATION (EA2006-577) AND TO APPROVE TENTATIVE TRACT MAP 2021-0001 (TTM 38083) FOR 37 RESIDENTIAL LOTS ON 24.46 ACRES WITHIN THE GRIFFIN RANCH SPECIFIC PLAN AREA; CEQA: THE DESIGN & DEVELOPMENT DEPARTMENT HAS PREPARED AN ADDENDUM TO THE PREVIOUSLY ADOPTED MITIGATED NEGATIVE DECLARATION (EA2006-577) PURSUANT TO SECTION 15164 OF THE CALIFORNIA ENVIRONMENTAL QUALITY ACT; LOCATION: SOUTH SIDE OF AVENUE 54 BETWEEN MADISON STREET AND MONROE STREET DECLARATIONS REGARDING COMMISSION PUBLIC CONTACT – None. Associate Planner Fernandez presented the staff report which is on file in the Design and Development Department. Staff answered questions regarding public comment received regarding this item; current use and future plans of the adjacent Estate House and property; reasons for the requested amendments. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING OPEN AT 5:31 P.M. PUBLIC SPEAKER: Mike Rowe, La Quinta – opposed the project at this time and requested the item be continued to allow time for surrounding homeowners to meet and confer with the Applicant regarding the proposed project; answered Commission questions regarding his perception of the Applicant’s willingness to meet with the homeowners and develop a solution for homeowner’s concerns. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING CLOSED AT 5:35 P.M. City Attorney provided guidance on procedures for continuing the Public Hearing on this item to a date certain; Commission discussion followed regarding continuance of the item. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING RE-OPEN AT 5:35 P.M. 731 PLANNING COMMISSION MINUTES Page 4 of 7 January 25, 2022 MOTION – A motion was made and seconded by Chairperson Nieto/Commissioner Currie to continue the Public Hearing to consider adoption of a resolution to approve an Addendum to EA2006-577 and find the project consistent with the previously adopted Mitigated Negative Declaration (EA2006-577) and to approve Tentative Tract Map 2021-0001 (TTM 38083) for 37 residential lots on 24.46 acres within the Griffin Ranch Specific Plan, to a date certain of February 8, 2022. Motion passed unanimously. 1. CONTINUED FROM JANUARY 11, 2022 – ADOPT RESOLUTIONS RECOMMENDING THE CITY COUNCIL ADOPT A NEGATIVE DECLARATION (EA2021-0010) AND A GENERAL PLAN AMENDMENT (GPA2020-0001), FOR THE 2022-2029 HOUSING ELEMENT UPDATE AND UPDATES TO 2035 GENERAL PLAN CHAPTER IV, ENVIRONMENTAL HAZARDS (SAFETY ELEMENT). CEQA: A NEGATIVE DECLARATION WAS PREPARED UNDER ENVIRONMENTAL ASSESSMENT 2021-0010. LOCATION: CITY-WIDE DECLARATIONS REGARDING COMMISSION PUBLIC CONTACT – None. Planning Consultant Criste presented the staff report which is on file in the Design and Development Department. Staff expressed appreciation for Planning Consultant Criste’s hard work on this item; potential locations for affordable housing opportunity with the previously approved recommendation for property acquisition of Consent Item No. 1. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING OPEN AT 5:50 P.M. PUBLIC SPEAKER: None. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING CLOSED AT 5:50 P.M. MOTION – A motion was made and seconded by Chairperson Nieto/ Commissioner Hassett to recommend City Council adoption of a Negative Declaration (EA2021- 0010). Motion passed unanimously. MOTION – A motion was made and seconded by Chairperson Nieto/ Commissioner Proctor to recommend City Council adoption of a General Plan Amendment (GPA2020-0001), for the 2022-2029 Housing Element Update and updates to the 2035 General Plan Chapter IV, Environmental Hazards (Safety Element). Motion passed unanimously. 732 PLANNING COMMISSION MINUTES Page 5 of 7 January 25, 2022 2. ADOPT A RESOLUTION RECOMMENDING APPROVAL OF A DEVELOPMENT AGREEMENT FOR POLO VILLAS. CEQA: THE PROJECT IS CONSISTENT WITH PREVIOUSLY ADOPTED ENVIRONMENTAL ASSESSMENTS 2005-537 AND 2010-608. LOCATION: WEST OF MADISON STREET BETWEEN AVENUES 50 AND 52 DECLARATIONS REGARDING COMMISSION PUBLIC CONTACT – None. Planning Manager Flores presented the staff report which is on file in the Design and Development Department. Staff answered questions regarding the principal uses of the current and proposed homes; current guidelines for approving Development Agreements (DA) that allow for exemptions to the Municipal Code that prohibits new Short-Term Vacation Rental (STVR) permit issuance and DA provisions for such issuance; Code compliance and violation history of the development’s existing STVRs; noticing procedures and efficacy for this Public Hearing; public feedback or comment received to date; number of permanent or long-term residents within the noticing area; the transferability of STVR permits if DA is approved; the Polo Estates policies on STVR permits; current and prospective ownership of the units within the development. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING OPEN AT 6:19 P.M. PUBLIC SPEAKER: Alena Callimanis, La Quinta – opposed the project due to language of the Public Hearing Notice; expressed opinion over the DA’s inconsistency with the City’s current code which restricts issuance of STVR permits. Applicant Fiona Quinn, Vice President of Legal Affairs for Avantstay, answered questions regarding Avantstay’s primary interest in the property for STVR use; Code compliance and violation history of the properties existing units and the Applicant’s existing STVR properties outside of the development; primary use of residential properties surrounding the development; internal and third party on- site security and property rental management; the ability to rent the units as long- term rentals. Co-Applicant Sean Breuner, CEO of Avantstay, provided a brief overview of the current development’s primary uses; the positive fiscal impact this community will have on the City due to projected Transient Occupancy Tax receipts; the company’s history of successful management of STVR properties with minimal code violations; the intent of the company to provide a high-end, luxury experience with value added services to include private chef services and fully stocked amenities offered at a premium price; the added on-site 24 security; the requests consistency with the existing property uses and proximity to the site of 733 PLANNING COMMISSION MINUTES Page 6 of 7 January 25, 2022 the festivals; the property’s ability to insulate STVR issues from outside residences due to the layout of the development as well as internally controlled trash and noise levels; traffic and festival access agreements with Golden Voice to minimize STVR tenant impact on public access in the festival areas. CHAIRPERSON NIETO DECLARED THE PUBLIC HEARING CLOSED AT 6:31 P.M. The Commission discussion followed regarding noticing language and procedures; consistency with existing units and inconsistency with the City’s Municipal Code as it relates to STVR permits; history of Code compliance and violations within the existing community and of the prospective owners; possibility of approval setting a precedence for other developers; DA negating the work of the STVR Ad-Hoc Committee and City Council to limit STVR permits; standard 50-year Development Agreement terms; the importance of Transient Occupancy Tax and the benefits to the City; appropriateness of STVR for this particular area and for clusters of STVR limiting exposure to long-term residences; the Commission’s ability to evaluate Agreements that include STVR provisions on a case-by-case basis; DA provisions requiring specific compliance measures be met; the intent of the original development of the Polo Villas and other possible uses given its proximity to the festivals site. Due to technical difficulties, Commissioner Proctor left the meeting during his comments at 6:44 P.M. and returned at 6:45 P.M. for the duration of the meeting. This did not result in the loss of a quorum during this time, and he was allowed the floor to complete his comments prior to a motion being made. MOTION – A motion was made and seconded by Chairperson Nieto/Commissioner Currie to adopt a resolution recommending the City Council approval of a Development Agreement (DA2021-0003) and find the project consistent with the previously adopted Mitigated Negative Declarations EA2005-537 and EA2010-608, as recommended. A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF LA QUINTA, CALIFORNIA, RECOMMENDING APPROVAL TO THE CITY COUNCIL OF A DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF LA QUINTA AND GTGF, LLC RELATING TO POLO VILLAS RESIDENCES AND A FINDING THAT THE PROJECT IS CONSISTENT WITH ENVIRONMENTAL ASSESSMENTS 2005-537 AND 2010-608 CASE NUMBERS: DEVELOPMENT AGREEMENT 2021-0003 APPLICANT: GTGF, LLC AYES: Commissioners Currie, Hassett, McCune, and Chairperson Nieto NOES: Commissioners Caldwell, Proctor, and Tyerman ABSENT: None. ABSTAIN: None. Motion passed by majority vote. 734 PLANNING COMMISSION MINUTES Page 7 of 7 January 25, 2022 STAFF ITEMS Staff provided updates on upcoming City matters to include the postponement of the Community Workshop previously scheduled for January 9, 2022, the current closure of City Hall to the public but advised the Commission and public that City services were to remain open via phone, email, and the City’s website. REPORTS AND INFORMATIONAL ITEMS – None. COMMISSIONERS’ ITEMS Commission provided compliments to City Staff for the work done on the American Express Golf Tour Event, but recommended adjustments be made to the parking/shuttle operations for this event in the future; recommended Commission visit the SilverRock site to see the recent progress. Commissioner Tyerman reported out on attendance at the Water Reclamation Operations in the City of Indio and urged the Commission and Public to remain conscious of water usage and conservation. Staff answered Commission questions regarding updated statuses for Pavilion Palms, Coral Mountain Resort, and Desert Club Apartments projects. ADJOURNMENT There being no further business, it was moved and seconded by Chairperson Nieto/Commissioner Currie to adjourn the meeting at 7:04 P.M. Motion passed unanimously. Respectfully submitted, TANIA FLORES, Commission Secretary City of La Quinta, California 735 736 POWER POINTS CITY COUNCIL MEETING JULY 19, 2022 July 19, 2022 1 City Council Meeting July 19, 2022 City Council Meeting Closed Session July 19, 2022 1 2 July 19, 2022 2 Pledge of Allegiance City Council Meeting July 19, 2022 P1 – TALUS Update 3 4 July 19, 2022 3 City of La Quinta – Council Meeting Update July 19, 2022 Site Overview o Montage Hotel and Spa o Luxury hotel of 134 keys across thirty‐four guestroom  buildings; project includes spa, fitness center, and  aquatic center. o Montage Residences o Twenty‐nine single‐family luxury homes integrated into  the infrastructure of the Montage Hotel and Spa. o Overall Conference Center o Includes the Shared Services, Conference Center, and  Meeting Center buildings and operations for Talus.  o Golf Clubhouse o Future golf clubhouse to serve athletes of Talus. o Pendry Hotel o Lifestyle hotel of 200 keys across ten guestroom  buildings; project includes a fitness center, pools, a lazy  river, and a paintbox. o Pendry Residences o Approximately fifty‐five lifestyle homes across eleven  buildings integrated into the infrastructure of the  Pendry Hotel; project includes a Pendry Clubhouse.  5 6 July 19, 2022 4 Site Infrastructure: Boring @ Ave 52 & Jefferson Site Infrastructure: Dry Utility Installation  7 8 July 19, 2022 5 Site Infrastructure: Dry Utility Installation  Montage Hotel and Spa 9 10 July 19, 2022 6 Montage Aquatic Center: Slabs & Structural Steel Montage Hotel: Framing 11 12 July 19, 2022 7 Montage Hotel: MEP Rough In Montage Spa and Fitness Center: Roofing 13 14 July 19, 2022 8 Montage Spa: Lap Pool & Spa Plumbing Montage Guestrooms: Area I Framing 15 16 July 19, 2022 9 Montage Guestrooms: Area II Framing Montage Guestrooms: Area II Slabs 17 18 July 19, 2022 10 Montage Residences: Framing Montage Residences: MEP Rough  In 19 20 July 19, 2022 11 Montage Residences: Window Installation Overall Conference Center 21 22 July 19, 2022 12 Shared Services: MEP Rough  In Conference Center: Framing 23 24 July 19, 2022 13 Meeting Center: Framing Golf Clubhouse 25 26 July 19, 2022 14 Golf Clubhouse: Roof Installation Golf Clubhouse: Ceiling Insulation 27 28 July 19, 2022 15 Golf Clubhouse: Lath Installation Pendry Hotel artist rendering– subject to change 29 30 July 19, 2022 16 Pendry Hotel artist rendering– subject to change Pendry Residences artist rendering– subject to change 31 32 July 19, 2022 17 Pendry Residences artist rendering– subject to change Thank youThank you 33 34 July 19, 2022 18 City Council Meeting July 19, 2022 S1 – Amended & Restated Rules of Procedure for Public Meetings 35 36 July 19, 2022 19 Proposed Amendments: •Remove reference to City Boards, Commissions, & Committees •Closed Session Start Time Flexibility •Sections 1.7 & 1.8 – Attendance at Public Meetings via Teleconference •Minor language revisions to ensure language clarity, consistency & alignment with current terms Amended & Restated Rules of Procedure Seeking direction: •Individual Speaker Time Allocation •Speaker Time Donations •“Verbal Public Comments” Definition •Use of Council Chamber’s Resources & Technology for Presentations vs. Hard-Copies Amended & Restated Rules of Procedure 37 38 July 19, 2022 20 QUESTIONS Classified 39 40 July 19, 2022 21 City Council Meeting July 19, 2022 S2 – STVR Program 2022 Update & Initiative Fiscal Impacts •2021 & 1st Half of 2022 Overview Characteristics Compliance status Taxes, Fees, & STVR Program Costs •Initiative Measure City Budget – 10-year Financial Projections – Scenario Nos. 1 & 2 Measure G Reserves STVR Program 41 42 July 19, 2022 22 •Moratorium – Aug. 4, 2020 to Jun. 1, 2021 via Executive Order No. 10 & succeeding amendments •Permanent Ban – May 20, 2021 – LQMC Section 3.25.055 •No new permits have been issued outside of exempt areas since August 4, 2020 •Existing permits can be renewed, but not transferred Background 1,167 Active STVR Permits – June 2022 19 56 1,092 0 200 400 600 800 1,000 1,200 Homeshares Primary Residence General Permits June 2022 STVR Permits by Type Total Permit: 1,167 43 44 July 19, 2022 23 Active STVR Permits Decline Since Jan. 2021 1320 1238 1216 1181 1165 1161 1167 Jan-21 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 2021-22 STVR PERMITS CITYWIDE Active Permits & Density in Permit Ban Areas Declined = 23.63% since Jan. 2021 45 46 July 19, 2022 24 STVR Density – Permit Ban Areas Figure 4 shows that density in Permit Ban areas collectively decreased from 9.14% to 6.98% since Jan. 2021 9.14%8.55%8.04%7.63%7.40%7.20%6.98% JAN-21 MAR-21 JUN-21 SEP-21 DEC-21 MAR-22 JUN-22 DENSITY IN STVR BANNED AREAS JAN. 2021 - JUN. 2022 STVR Density – Permit Ban Areas 5.3%4.8%4.5%4.4%4.4%4.3%4.3% 13.7% 12.9% 12.4%11.8% 11.5% 10.7% 9.5% 6.2%5.9%5.6%5.5%5.3%5.2%5.2% 15.4% 14.4% 13.4%12.3%11.6%11.4%11.2% JAN-21 MAR-21 JUN-21 SEP-21 DEC-21 MAR-22 JUN-22 Density in STVR Banned Areas North La Quinta Mid La Quinta The Cove South La Quinta (PGA West) 47 48 July 19, 2022 25 Exempt Areas Compliance Overview Since Jan. 2021 STVR Program: Compliance: 1) Permitting & Licensing; 1) Managing complaints; 2) Tax collection; 2) Conducting investigations 3) Compliance 3) Enforcement Code updates – Jan. 15, 2021 – enhanced regulations, enforcement, and fines 49 50 July 19, 2022 26 STVR Complaints Citywide 2021-2022 - Citywide complaints to unpermitted STVR properties increased during the festivals period (March-May 2022) being the relative majority at 66% 13 10 6 17 24 15 12 5 25 39 26 8 25 15 31 56 50 23 0 10 20 30 40 50 60 JAN-22 FEB-22 MAR-22 APR-22 MAY-22 JUN-22 2022STVRComplaintsCitywide Permitted STVRs Unpermitted STVRs STVR Complaints Citywide 2021-2022 - STVR complaints comparison for 2021 and 2022 shows decline in complaints of 78% in Q-1 and 63% decline in Q-2 324 348  294  85  71 129 ‐ ‐  ‐  50  100  150  200  250  300  350  400 Q1 Q2 Q3 Q4 YoY Quarterly Complaints 2021 2022 51 52 July 19, 2022 27 STVR Enforcement Citywide 2021-2022 - The relative majority of citations during the festival period (March- May 2022) were issued to unpermitted STVR properties at 76%. 1 443 1 4 2 0 7 11 7 3 3 4 11 14 8 7 JAN-22 FEB-22 MAR-22 APR-22 MAY-22 JUN-22 2022 STVR Citations Permitted & Unpermitted Permitted Citations Unpermitted Citations STVR Citations Citywide 2021-2022 - STVR citations comparison for 2021 and 2022 shows decline in citations of 81% in Q-1 and 66% decline in Q-2; - STVR citations to permitted properties has remained low in the last 3 quarters 30 29 20 398 47 57 40 12 9 21 77 86 60 15 18 2021 Q‐1Q‐2Q‐3Q‐4 2022 Q‐1 2022 Q‐2 2021 & 2022 Quarterly STVR Citations Permitted & Unpermitted Permitted Citations Unpermitted Citations 29 53 54 July 19, 2022 28 Compliance Activities •Disturbance – due to noise, generally caused by large events or gatherings, children running/ screaming/laughing, popping balloons, construction, slamming doors; excessive parking, bright lights, trash, unmaintained yard, etc. •Administrative – operating/advertising without STVR permit or business license, failure to display permit on listing, incorrect or missing occupancy limit advertised, failure to report TOT, etc. STVR Enforcement Citywide 2021-2022 - 55% of all citations in the 1 st half of 2022 were issued for admin. matters (primarily for operating/advertising without STVR permit) 52 56 45 13 10 222530 15 287 77 86 60 15 18 2021 Q‐1Q‐2Q‐3Q‐4 2022 Q‐1 2022 Q‐2 2021 & 2022 Quarterly STVR Citations Administrative Vs. Disturbance Administrative Disturbance 29 55 56 July 19, 2022 29 STVR Taxes, Fees, & Program Costs •Despite declining STVR permits, TOT revenues increases in 2021 & 2022 •Permit Ban areas generate on average 80% of STVR TOT revenues = $4.7M •Exempt Areas generate on average 20% of STVR TOT revenues = $1.2M •Citation fine collections have decreased in 2022 as overall compliance has increased •Permit/licensing fees are on schedule to cover STVR program operational costs in 2022 Initiative Measure •Notice of Intent – 1/12/22 •Petitions Filed – 4/21/22 •Certificate of Sufficiency by ROV – 6/3/22 •Petition Certified by Council – 6/7/22 •Measure Placed on the November 2022 Ballot by Council – 6/7/22 •Fiscal, Economic, & Related Impacts Report of the Initiative on the Local Economy & City Budget – ordered 3/15/22 57 58 July 19, 2022 30 Scenario 2: If Initiative is Not Approved Current 3-years 6-years 10-years Category 2022/23 2025/26 2028/29 2032/33 Total Revenues: 73,966,846$ 77,284,371$ 81,175,150$ 83,836,796$ Total Expenses: 64,651,274$ 72,293,299$ 82,042,707$ 97,174,753$ Ending Cash Position 9,315,572$ 4,991,072$ (867,557)$ (13,337,956)$ •Negative cash position at the 6th year mark in FY 2028/29 •No anticipated loss of sales tax, STVR TOT revenue, or STVR permit fees •Organic attrition of STVR permits in Permit Ban areas allows for gradual transition for new STVR units in Exempt Areas to come online & replenish revenue streams Scenario 2: If Initiative is Not Approved Gradual replenishment of STVR Units in Exempt Areas Signature at PGA West: •2008 – approved for 264 units •2013 – revised to 130 SFD & 100 Condos •2020 – architectural & design revisions to remaining 106 SFD •2021 architectural & design revisions to 86 condo units •2022 – total 14 Condos & 24 SFDs built 59 60 July 19, 2022 31 Scenario 1: If Initiative is Approved Current 3-years 6-years 10-years Category 2022/23 2025/26 2028/29 2032/33 Total Revenues: 73,966,846$ 71,293,175$ 75,284,345$ 78,111,706$ Total Expenses: 64,651,274$ 72,293,299$ 82,042,707$ 97,174,753$ Ending Cash Position 9,315,572$ (1,000,124)$ (6,758,362)$ (19,063,047)$ •Negative cash position at the 3rd year mark in FY 2025/26 •Extremely conservative approach to projections at $5M per FY •Projected revenue loss at $6.1M (approx. 10% of City’s annual budget revenues), comprised of sales tax $1.4M, STVR TOT at 80% = $4M, STVR permit fees loss of 81% = $753,600 •Mitigation example shows elimination of the majority of CIP projects for FY 2022/23 Scenario 1: STVR Permit Fees 61 62 July 19, 2022 32 Capital Improvement Program FY 2022/23 CIP Project Mitigation Budget Savings  Pavement Mgmt. Plan St. Improvements reduce annual appropriation from $1.5 to  $1M ($1 million is the min. needed to maintain the  City’s current street rating not to jeopardize losing  current state grant funding the City receives annually) $        500,000  Landscape & Lighting Median Island  Improvements eliminate entirely $        500,000  Highway 111 Corridor Area Plan  Implementation eliminate entirely $     1,000,000  City Hall Capacity Improvements eliminate entirely $        550,000  Village Undergrounding Project (Feasibility Study)eliminate entirely $        100,000  Village Parking Lot eliminate entirely $        500,000  Phase II Camera System eliminate entirely $     1,797,000  Smart Infrastructure Improvements (Feasibility Study / Plan)eliminate entirely $        250,000  PERS Unfunded Pension Liability eliminate entirely additional annual payments $     1,000,000  TOTAL BUDGET SAVINGS: $  6,197,000  Capital Improvement Project FY 2023/24 – General Fund & Measure G Funding = $10,643,000 •Pavement Management Plan – reduce by $500,000 ($1M annually required) •Citywide Drainage Enhancements - $477,000 •Landscape & Lighting Median Island Improvements - $500,000 •Corporate Yard Administrative Offices & Crew Quarters - $2,273M •Highway 111 Corridor Area Plan Implementation - $1M •Fritz Burns Park Improvements - $2M •Village Parking Lot - $1.1M •Phase III Camera System - $2,793M FY 2024/25 – General Fund & Measure G Funding = $6,134,000 •Pavement Management Plan – reduce by $500,000 •Citywide Drainage Enhancements - $477,000 •Landscape & Lighting Median Island Improvements - $500,000 •Corporate Yard Administrative Offices & Crew Quarters - $3,657M •Highway 111 Corridor Area Plan Implementation - $1M 63 64 July 19, 2022 33 Measure G FY Revenue Public Safety Capital Projects Reserves 2016/17 1,462,650$ -$ 1,462,650$ -$ 2017/18 9,967,657$ 300,000$ 8,583,307$ 1,084,350$ 2018/19 10,958,118$ 2,950,000$ 3,624,343$ 4,383,775$ 2019/20 10,310,526$ 2,750,000$ 5,424,382$ 2,136,144$ 2020/21 12,594,389$ 4,545,000$ 525,000$ 7,524,389$ 2021/22* 13,500,000$ 5,163,000$ 10,226,417$ (1,889,417)$ 2022/23 13,500,000$ 5,100,000$ 3,353,000$ 5,047,000$ Totals 72,293,340$ 20,808,000$ 33,199,099$ 18,286,241$ *Bridge advance funding included in Capital Projects column Measure G Summary •Over $33 million or 46% of funds have been allocated to Capital Projects •Over $20 million of 29% of funds have been allocated to Police Services •Over $18 million of 25% of funds have been allocated to Reserves Reserves Reserve Category Current Target Surplus/(Deficit) Cash Flow Reserve 5,000,000 5,000,000 - Natural Disaster Reserve 10,000,000 10,000,000 - Economic Disaster 11,000,000 11,000,000 - Capital Replacement Reserve 10,000,000 10,000,000 - Pension Trust Benefits* 10,474,886 10,000,000 474,886 46,474,886 46,000,000 474,886 *Pension trust balance as of 5/31/2022 Balance as of 6/30/2021 24,200,000 Estimated Surplus FY 21/22 7,800,000 RDA Loan Repayment 2,640,000 Bridge Advance Funding -7,470,000 Projected as of 6/30/2022 27,170,000 Estimated Unassigned Fund Balance Amounts appearing in this column are rounded estimates. Unassigned Fund Balance is calculated during the annual audit and can be found on the Balance Sheet- Governmental Funds in the Annual Comprehensive Financial Report (ACFR) •All four of the City’s reserve categories are fully funded to policy targets •Target levels anticipated to increase by $10-15 million following 2022/23 Reserve Policy Study 65 66 July 19, 2022 34 STVR Code Compliance Statistics Jan. 1,2021 thru Dec. 31, 2021. 1054 Complaints Received Approximately 387 (37%) complaints were regarding No STVR Permit Others included: Stay at home orders Disturbances Permit Number not in ad/not at top of ad Bedroom Count not at top of ad 381 Citations Issued 2670 hours spent on STVR Cases 4.4 hours per case on average 230 Citations strictly for Chapter 3.25 STVR activity 159 (69%) Citations were for STVR activity without a permit Others were for no-payment of TOT or building issues 93 Citations appealed 85 Citations were upheld 8 Citation were dismissed Observations La Quinta STVR Program • Strong municipal code that requires STVRs to be well-managed. • There are minimal noise complaints • Code Compliance Officers are experienced dealing with non- permitted STVRs and rely on the municipal code to cite and stop unpermitted activity. No STVR Program • Activity will continue, citations might not stop unpermitted activity • Inability to apply stricter STVR regulations and fines • No local contact • Palm Desert and Cathedral City continue to deal with unpermitted STVRs; difficult to pursue & time intensive 67 68 July 19, 2022 35 Code Compliance activity related to STVRs operating without a Permit. 177 Cases with no STVR permit •716 hours of staff time •Reports were received by residents, STVR vendor(Munirev sand Dekard, or Code staff initiated the case. 48 Complaints unfounded or confirmed not to be in violation •There was not enough evidence to issue a citation, or there was no violation. 30 Cases were minor, received notice of violation •Advertisement for 28 to 30 days •Ads had no reviews or other indicators of STVR activity 116 Citations issued •For STVR activity without permit 172 cases were resolved •42 cases removed their ad •82 cases, changed their ad to long-term rental •48 cases were unfounded •5 cases are unresolved QUESTIONS 69 70 July 19, 2022 36 Classified City Council Meeting July 19, 2022 B1 – Appoint Members to Prepare Initiative Measure Arguments & Rebuttal Arguments 71 72 July 19, 2022 37 California EC § 9282-9287 – authorizes the submittal and priority of Arguments & Rebuttal Arguments by: 1) Legislative body, or member(s) of the legislative body authorized by the body 2) Individual voter, or bona fide association of citizens, or a combination thereof, who are the bona fide sponsors or proponents of the measure 3) Bona fide association of citizens 4) Individual voter who are eligible to vote on the measure Initiative Measure – Arguments & Rebuttals to Arguments •Arguments For or Against – 300 words or less due by August 22, 2022 •Public Examination Period – August 23 – September 1, 2022 •Rebuttals to Arguments – 250 words or less due by September 1, 2022 Initiative Measure – Arguments & Rebuttals to Arguments 73 74 July 19, 2022 38 QUESTIONS Classified 75 76 July 19, 2022 39 City Council Meeting July 19, 2022 B2 – Conflict of Interest Code Update Classified 77 78 July 19, 2022 40 City Council Meeting July 19, 2022 B3 – Approve Pillars of the Community and Distinguished Artists & Athletes Nominations 2022 Nominees •Pillar of the Community –Kelly Devine •Distinguished Artists –Nicole & Jason McQuaid •Distinguished Athletes –Emmi Von Scherr –Brandun Lee •Senior Inspiration Award Recipient –Victory Grund 79 80 July 19, 2022 41 City Council Meeting July 19, 2022 B4 – 2020/21 Annual Comprehensive Financial Report (ACFR) 81 82 July 19, 2022 42 Conducted virtually by Eide Bailly LLP, Certified Public Accountants from October – May 2022 Reviewed nearly 700 documents & conducted several interviews Issued a clean audit opinion – most favorable conclusion All new financial regulatory requirements have been implemented ACFR meets the GFOA’s Certificate of Achievement Program’s requirements and has been submitted for another certification Auditor comments regarding the City shall be provided tonight Audit Summary ACFR  Content Major Events • Transmittal letter • Management Discussion and Analysis (MD&A) Financial  Statements • Balance sheets, statement of net position & cash flows  • Budgetary comparison schedules  Summaries  & Charts •19 Notes •Statistical section, 10‐year comparison 83 84 July 19, 2022 43 Governmental Fund Balances Category General Fund All Other Funds Total Funds Non‐Spendable $ 29,499,520 $ 1,019 $ 29,500,539 Restricted 11,381,922 46,711,801 58,093,723 Committed 37,209,870 ‐37,209,870 Assigned 39,983,678 ‐39,983,678 Unassigned 24,241,553 (3,182,262) 21,059,291 Total  $ 142,316,543 $ 43,530,558 $ 185,847,101 Prepaid Costs $ 25,246 Land held for resale 5,403,652 RDA Loan 24,070,622 Pension Trust $ 11,381,922 Housing Funds 23,806,700 Restricted Funds 22,905,101 Governmental Fund Balances Category General Fund All Other Funds Total Funds Non‐Spendable $ 29,499,520 $ 1,019 $ 29,500,539 Restricted 11,381,922 46,711,801 58,093,723 Committed 37,209,870 ‐37,209,870 Assigned 39,983,678 ‐39,983,678 Unassigned 24,241,553 (3,182,262) 21,059,291 Total  $ 142,316,543 $ 43,530,558 $ 185,847,101 Natural Disaster $ 10,000,000 Economic Disaster 11,000,000 Cash Flow Reserve 5,000,000 Capital Replacement 10,000,000 Operational Carryovers 1,209,870 Fire Services $ 11,423,931 Sales Tax  (Measure G) 15,128,658 Capital Projects 13,431,089 85 86 July 19, 2022 44 Long‐Term  Debt Debt Type  2018‐19 2019‐20 2020‐21 Capital Leases $ 757,971 $ 761,790 $459,275 Compensated Absences 941,955 888,491 950,309 Net OPEB (Asset) Liability ‐(47,052) 100,570 Net Pension Liability 12,403,691 13,458,200 14,502,311 Total  $14,103,617 $15,061,429 $16,012,465 Irrevocable Section 115 Pension Trust  $ 6,540,000 19‐20 Contribution & Interest Earnings 3,709,738 20‐21 Interest Earnings 1,132,184 Total  Trust  Balance 11,381,922 Pension Liability  $ 3,120,389 Major Infrastructure  Investments SilverRock  Infrastructure  Improvements $5,010,000 La Quinta Village  Complete Streets $3,024,000 SilverRock Event  Site $2,326,000 La Quinta X‐Park $2,028,000 Washington  Street  at Fred Waring  Road  Improvements $1,264,000 87 88 July 19, 2022 45 The Future Adopted a balanced 2022/23 budget Continue to address long‐term liabilities Mixture of housing and commercial  developments are under construction   Long‐term vision and planning are a priority  FAC   Presentation  8/10/2022 Eide Bailly Auditor Comments 89 90 July 19, 2022 46 City Council Meeting July 19, 2022 PH1 –Housing Element-Related Zone Changes 91 92 July 19, 2022 47 Background •February 15, 2022 - Council adopted Housing Element •Policies and Programs in Element require updates to Zoning Map and Zoning Ordinance •June 14, 2022 Planning Commission recommended approval of updates to Zoning Map and Zoning Ordinance Zoning Map Changes •Applying Affordable Housing Overlay to all commercially-designated parcels •Applies to all sites in the Housing Element Site Inventory for lower income housing units 93 94 July 19, 2022 48 Zoning Text Changes •Additions to definitions for clarification •Required to conform to changes in State law: –Updates for the Accessory Dwelling and Junior Accessory Dwelling section –Updates to Density Bonus Ordinance Zoning Text Changes Required for consistency with the Housing Element: •Affordable Housing Overlay –Density range of 20 to 36 units per acre –Permitted by right, when at least 20% of the units are for lower income units, at a minimum density of 20 units per acre 95 96 July 19, 2022 49 Zoning Text Changes •Special Needs Housing –Adds Transitional and Supportive Housing –Adds Low Barrier Navigation Centers, homeless shelters –Parking standard added for homeless shelters. Recommendation A. Move to take up an ordinance by title and number only and waive further reading, approving Zone Change 2022-0001. B. Move to introduce an ordinance to approve ZC 2022-0001. C. Move to take up an ordinance by title and number only and waive further reading, approving Zoning Ordinance Amendment 2022- 0001. D. Move to introduce an ordinance to approve ZOA 2022-0001. 97 98 July 19, 2022 50 City Council Meeting July 19, 2022 PH2 –CONTINUED: TALUS Street Name Change 99 100 July 19, 2022 51 Proposal •Applicant proposes changing SilverRock Way to Talus Way and Ahmanson Lane to Painted Peak Lane •Applicant is proposing as part of rebranding of the development Vicinity Map 101 102 July 19, 2022 52 Background •SilverRock Way and Ahmanson Lane are within the Talus Development •SilverRock Way is a public street that begins at Avenue 52 and ends at Jefferson Street. •Ahmanson Lane is a private street that connects to SilverRock Way and runs south to the Montage lobby. Background •On May 24, 2022, Planning Commission recommended Council approve changing SilverRock Way to Talus Way but not approve of changing Ahmanson Lane to Painted Peak Lane. Applicant not present at Commission meeting. •Commission concerned changing the Ahmanson Lane name due to its association with La Quinta history, specifically for its ties to the Ahmanson Clubhouse. 103 104 July 19, 2022 53 Background •On June 21, 2022, Council held a public hearing to consider the proposed street name change and remanded this proposal to the Commission with the following specific direction: 1) Allow applicant an opportunity to present information about the request and address Commission’s concerns and comments. 2) Allow the Commission to submit, for Council review, a supplement to its recommendation or a new recommendation. Background •Commission reconsidered on July 12, 2022 and received presentation from Applicant. •Commission was not fully receptive to Painted Peak Lane name, unsure of its relevance and provided suggestions on ways to honor Ahmanson name 105 106 July 19, 2022 54 Background •Commission recommended: –Changing SilverRock Way to Talus Way –Not to change Ahmanson Lane to Painted Peak lane and further explore ways to honor Ahmanson name •Applicant was receptive to come back at later date for Ahmanson Lane Classified 107 108 July 19, 2022 55 Classified Classified 109 110 July 19, 2022 56 Classified Classified 111 112 July 19, 2022 57 Classified Classified 113 114 July 19, 2022 58 Classified Classified 115 116 July 19, 2022 59 Classified THANK YOU 117 118 WRITTEN PUBLIC COMMENT CITY COUNCIL MEETING JULY 19, 2022 1 From:Jimmy Stewart <jimmystewart.ca@gmail.com> Sent:Tuesday, July 19, 2022 9:41 AM To:City Clerk Mail Cc:Douglas Kinley III Subject:WRITTEN COMMENTS – JIMMY STEWART, ASPEN MILLS LOCAL BUSINESS, CITY OF LA QUINTA, ITEM S2 ** EXTERNAL: This message originated outside of the City of La Quinta. Please use proper judgement and caution when opening  attachments, clicking links or responding to requests for information. **  To Whom It May Concern:  Thank you for the opportunity to share our thoughts regarding the short term rental program in La Quinta.   Aspen Mills bakery is a true, family‐owned and operated business that’s been serving the Coachella valley for over 20  years. We proudly opened our fourth location in La Quinta over 5 years ago. The store has been a great success, and we  cannot express enough gratitude to our customers and the city of La Quinta that make it possible for us to do the work  we love.   We still bake bread the old fashioned way. Scratch baked everyday with natural ingredients. While we pride ourselves  on this process, from a business standpoint, it’s very hard to do, and getting harder. It’s a labor of love, requiring late  nights, early mornings, rising food costs, and a lot of hard work. We compete with cheap grocery store bread and  franchises backed by huge factories and large scale production units. But it’s all worth it to us when we’re able to share  our efforts with others. We hope to be around for a very long time.  We at Aspen Mills get to know our customers very well. And most of our customers are visitors from outside the desert  staying for a short period of time. Our business and employees rely on their support to stay afloat. We would not be in  business without out‐of‐town visitors. Which is why we continue to support the economic development and growth of  our community. Banning short‐term rentals and other policies and actions that make visiting our community more  difficult hurt us and our ability to compete in our industry.  We see a bright future ahead and are excited to continue our passion for baking. We hope our community can work  together to support small, local businesses through actions that will make La Quinta a welcoming destination to our  visitors for years to come.   Thank you,  Jimmy Stewart  Store Manager ‐ Aspen Mills in La Quinta  CITY COUNCIL MEETING - JULY 19, 2022 - WRITTEN COMMENTS BY RESIDENT JIMMY STEWART STUDY SESSION ITEM NO. 2 - SUPPORTING STVRS 1 From:Bombshell Tanz <bombshelltanz@gmail.com> Sent:Tuesday, July 19, 2022 2:32 PM To:City Clerk Mail Subject:WRITTEN COMMENTS – SARAH AMADOR, BOMBSHELL TANZ LOCAL BUSINESS, CITY OF LA QUINTA, ITEM S2 Follow Up Flag:Follow up Flag Status:Flagged ** EXTERNAL: This message originated outside of the City of La Quinta. Please use proper judgement and caution when opening  attachments, clicking links or responding to requests for information. **  Dear City Councilors,   I would like to address the city counsel concerning the ban on short term rentals. My name is Sarah and I own a business  in La quinta, I have been the owner for about 3 years now and I am concerned that if short term rentals are banned this  will definitely have a negative effect on my business, within the past 3 years we have noticed that we are more seasonal  and with losing short term rentals this will eliminate new and existing clientele that are here during the winter season,  festival season and all other events we have throughout the year. As a new business owner and still recovering from  being forced to close for almost a year during the pandemic, I believe that continuing with the ban will only make it  worse to rebuild and grow our business along with other businesses who will suffer from this ban.  Thanks for your consideration on this issue.   ‐ Sarah Amador   Bombshell Tanz Owner   CITY COUNCIL MEETING - JULY 19, 2022 - WRITTEN COMMENTS BY RESIDENT SARAH AMADOR STUDY SESSION ITEM NO. 2 - SUPPORTING STVRS HAND OUTS CITY COUNCIL MEETING JULY 19, 2022 CITY COUNCIL MEETING - JULY 19, 2022 - HANDOUT BY RESIDENT RICARDO LORETTA ITEMS NOT ON THE AGENDA - LETTER TO CITY COUNCIL REQUESTING EVENT SPONSORSHIP FOR ROTARY CLUB OF LA QUINTA CITY COUNCIL MEETING - JULY 19, 2022 - HANDOUT BY RESIDENT PHIL NOVAK STUDY SESSION ITEM NO. 1 - COMMENTS ON DISCUSSION OF AMENDED AND RESTATED RULES OF PROCEDURE