HomeMy WebLinkAboutBPW Paperless Packet 07-02-25Board of Public Works and Safety
Meeting Agenda
Wednesday, July 2, 2025 – 10:00 a.m. Council Chambers, City Hall, One Civic Square
MEETING CALLED TO ORDER
1. MINUTES
a. Minutes for June 18, 2025, Regular Meeting
2. BID OPENINGS AND AWARDS
a. Bid Opening for 22-ENG-12 & 17-SW-15 Westfield Boulevard Mutli-Use
Path and Structure Replacement; Brad Pease Director of Engineering
3. CONTRACTS
a. Request for Purchase of Goods and Services; General Pacific Inc.;
($91,621.0); Drones and Accessories; Chief Drake Sterling, Carmel Police
Department
b. Request for Property Transfer Agreement between Alejandro A. Hernandez
and the City of Carmel; 2013 Chrysler 300 Donation; Chief Drake Sterling,
Carmel Police Department
c. Request for Professional Services; A&F Engineering Co., LLC;
($120,000.00); On-Call Services; Additional Services Amendment #1; Brad
Pease, Director of Engineering
d. Request for Professional Services; CrossRoad Engineers, P.C.; ($55,000.00);
Structure #21 Culvert Lining; Additional Services Amendment #6; Brad Pease,
Director of Engineering
e. Request for Purchase of Goods and Services; Reith-Riley Construction Co.,
Inc.; ($153,649.75); 20-ENG-04 College Avenue between 96th and 106th Street;
CO #2; Brad Pease, Director of Engineering
f. Request for Purchase of Goods and Services; CivicPlus, LLC; ($82,932.00);
Master Agreement for Renewal of Annual Services; Kevin Cusimano, Director
of Information Communication Service
g. Resolution BPW 07-02-25-01; Resolution of the City of Carmel Board of
Public Works and Safety Acknowledging Agreement Between City and
Vendor; Forte, Inc.; ($62,062.60); Axis Cameras; Kevin Cusimano, Director of
Information Communication Service
Board of Public Works Members:
Laura Campbell, Presiding Officer
Appointed by Mayor Finkam Term January 17, 2024, Until a Successor is Appointed Alan Potasnik Appointed by Mayor Finkam Term January 17, 2024, Until a Successor is Appointed James Barlow Appointed by Mayor Finkam Term August 27, 2025, Until a Successor is Appointed Next Meeting: July 15, 2025
h.Request for Purchase of Goods and Services; Fuller Engineering Co.; LLC;
($89,330.00); Liebert PDX, Air Cooled Cooling Systems; Kevin Cusimano,
Director of Information Communication Services
i.Request for Purchase of Goods and Services; Insight Public Sector, Inc.;
($134,863.20); HPE Aruba Networking; Additional Services Amendment; Kevin
Cusimano, Director of Information Communication Services
j.Request for Purchase of Goods and Services; NV5 Geospatial Inc.;
($131,265.00); City Works Support; Kevin Cusimano, Director of Information
Communication Services
k. Request for Purchase of Goods and Services; National Water Services, LLC;
($13,730.00); Well 29; CO #1; Lane Young, Director of Utilities
l. Request for Purchase of Goods and Services; American Structure Point, Inc.;
(-$33,896.00); City of Carmel Wastewater Plant Digester Gas Piping
Replacement Project; CO #10; Lane Young, Director of Utilities
3.REQUEST TO USE CITY STREETS/PROPERTYa.Request to Use Palladium East Patio; Special Request to Use Electricity;Wedding Ceremony; June 13, 2026; 2:00 PM to 6:30 PM; Mallory Davis, HotelCarmichaelb.Request to Use Palladium East Patio; Special Request to Use Electricity;
Wedding Ceremony; June 27, 2026; 2:00 PM to 6:30 PM; Mallory Davis, Hotel
Carmichaelc.Request to Use Carter Green; Special Request to Use Electricity; HotelCarmichael Fundraiser Event; July 30, 2025; 10:00 AM to 5:00 PM; ThomasKnox, Hotel Carmichael
d.Request to Use Midtown Plaza; Indy Eleven Watch Party; August 9, 2025;6:00 PM to 9:00 PM; Seth Kimberlin, Indy Elevene.Request to Use Carter Green; Special Request to Use Electricity; WeddingCeremony; August 16, 2025; 2:00 PM to 9:00 PM; Sarah Salinas, HotelCarmichael
f.Request to Use City Streets; 4th Annual Mia’s Movement 5k Walk/Run;August 16, 2025; 8:00 AM to 11:55 AM; Nancy Dury, International FoxP1Foundationg.Request to Use Midtown Plaza and Use/Close City Streets; Brews on theBoulevard; August 23, 2025; 8:00 AM to 12:00 AM, Tierra Bush, City of Carmel
4.OTHER
a.Request for Aerial Waiver of BPW Resolution No. 04-28-17-01; Transmission
Line Maintenance; Duke Energyb. Request for Consent to Encroach; 2557 Turning Leaf Lane; Julie andRaymond Rothbergerc. Request for Stormwater Technical Standards Waiver; 902 W Street; BradSchrage, Rift Consulting, LLC
Board of Public Works Members:
Laura Campbell, Presiding Officer Appointed by Mayor Finkam Term January 17, 2024, Until a Successor is Appointed
Alan Potasnik Appointed by Mayor Finkam Term January 17, 2024, Until a Successor is Appointed
James Barlow
Appointed by Mayor Finkam Term August 27, 2025, Until a Successor is Appointed
Next Meeting: July 15, 2025
d. Request for Variance Agreement; Williams Creek of Henley Drain; Hamilton County Drainage Board
e. Request for Variance Agreement; Tunis-Garrard Drain; Hamilton County
Drainage Board f. Request for Water Line Easement Agreement; 10880 N. Michigan Road, Carmel, IN; Aria Land JV, LLC g. Request for Temporary Easement Grant; Aria Land JV, LLC
5.ADD-ONS
6.ADJOURNMENT
Board of Public Works Members:
Laura Campbell, Presiding Officer
Appointed by Mayor Finkam Term January 17, 2024, Until a Successor is Appointed Alan Potasnik
Appointed by Mayor Finkam Term January 17, 2024, Until a Successor is Appointed James Barlow Appointed by Mayor Finkam Term August 27, 2025, Until a Successor is Appointed Next Meeting: July 15, 2025
Board of Public Works and Safety Meeting 1
Minutes 2
Wednesday, June 18, 2025 – 10:00 a.m. 3
Council Chambers City Hall, One Civic Square 4
5 6 7
MEETING CALLED TO ORDER 8
Chairwoman Campbell called the meeting to order at 10:03 AM 9
MEMBERS PRESENT 10
11 Chairwoman Laura Campbell, Alan Potasnik, Jim Barlow, and Deputy Clerk Jessica Dieckman were 12
present. 13
MINUTES 14
Minutes from the June 04, 2025, Regular Meeting. Board Member Barlow moved to approve. Board 15
Member Potasnik seconded. Minutes approved 3-0. 16
TABLED ITEMS 17
WITHDRAWN: Request for Revocation of Consent to Encroach; 41 North Rangeline; Lot One 18
Partners, LLC TABLED 11-06-24 19
CONTRACTS 20
Request for Purchases of Goods and Services; Access Mobility, Inc.; ($53,000.00); 24-CFD-01-21
Procurement and Installation of Man Lift at Koorsen S.A.F.E. House 210 Veterans Way; Board 22
Member Potasnik moved to approve. Board Member Barlow seconded. Request Approved 3-0 23
24
Resolution BPW 06-18-25-02; Resolution of the City of Carmel Board of Public Works and Safety 25
Acknowledging Agreement Between City and Vendor; Calumet Civil Contractors; ($3,566,000.00); 26
24-ENG-07 Towne Road Pedestrian Crosswalk Improvements; Board Member Potasnik moved to 27
approve. Board Member Barlow seconded. Resolution Approved 3-0 28
29
Resolution BPW 06-18-25-01; Resolution of the City of Carmel Board of Public Works and Safety 30
Acknowledging Agreement Between City and Vendor; CivicPlus LLC; ($80,692.02); Seth Wanlass, 31
Information and Communications Services briefly speaks, this is a new contract for 311 service. The 32
Board approved this contract last year with another contractor, but encountered issues with that 33
contractor. We were able to reallocate some funding for this project. It's a little more expensive, but 34
it’s a proven solution. Board Member Barlow moved to approve. Board Member Potasnik seconded. 35
Resolution Approved 3-0 36
37
38
Request for Purchase of Goods and Services; KPS Commercial Constructions; ($40,396.40); 24-STR-39
09 Street Department Building Updates; CO#3; Crystal Edmondson, Street Department, briefly 40
speaks: there was some rotting wood, so we needed some carpentry work and painting to be done. 41
Board Member Potasnik moved to approve. Board Member Barlow seconded. Request Approved 3-0 42
43
REQUEST TO USE CITY STREETS/PROPERTY 44
45
Request to Use Carter Green; Carmel Architecture Award Ceremony; June 27, 2025; 12:00 PM to 46
3:00 PM; Board Member Barlow moved to approve. Board Member Potasnik seconded. Request 47
approved 3-0 48
Request to Use Monon and Main Plaza; Carmel High School Choirs Annual Carwash Promotion; 49
August 2 through 3, 2025; 12:00 PM to 6:00 PM; Board Member Barlow moved to approve. Board 50
Member Potasnik seconded. Request approved 3-0 51
Request to Use/Close City Streets; Annual Neighborhood Street Party; September 20, 2025; 04:00 PM 52
to 9:00 PM; Board Member Barlow moved to approve. Board Member Potasnik seconded. Request 53
approved 3-0 54
Request to Use Carter Green and Palladium East Patio; Special Request to Use Electricity and James 55
Building Restrooms; Carmel Christkindlmarkt; September 29 through December 31, 2025; 8:00 AM to 56
10:00 pm; Board Member Barlow moved to approve. Board Member Potasnik seconded. Request 57
approved 3-0 58
OTHER 59
Request for Petition to Vacate Public Way; Calvert Place; Don Russell, on behalf of the petitioners, 60
briefly speaks; the main reason for vacating the driveway for the Hohns' house was that it was 61
inevitably placed inside the right-of-way. We want to fix this item so it does create any issues in the 62
future for the homeowners to sell their property. Board Member Potasnik moves to send a positive 63
recommendation to the Council. Board Member Barlow seconded. The positive recommendation will 64
be sent to the Council 3-0. 65
Request for Petition to Vacate Public Way; Lot 107; Board Member Barlow moves to send a positive 66
recommendation to the Council. Board Member Potasnik moves to send a positive recommendation to 67
the Council. Board Member Barlow seconded. The positive recommendation will be sent 68
to the Council 3-0. 69
70
Request for Consent to Encroach; 2285 Blisland Street; Board Member Barlow moved to approve. 71
Board Member Potasnik seconded. Request approved 3-0 72
Request for Stormwater Technical Standards Waiver; Carmel Gateway West Lawn-800 E and 900 E 73
96th Street; Board Member Potasnik moved to approve. Board Member Barlow seconded. Request 74
approved 3-0 75
76
Request for Aerial Waiver of BPW Resolution No. 04-28-17-01; 3915 W. 106th Street; Board Member 77
Barlow moved to approve. Board Member Potasnik seconded. Request approved 3-0. 78
ADD-ONS 79
Board Member Barlow moved to add an item. Board Member Potasnik seconded. Add-On approved 3-80
0. 81
Request for Memorandum of Understanding Relating to Parks Projects; Carmel Redevelopment 82
Authority; ($110,000.00); Lease Rental Bonds 2025; Sergey Grechukhin briefly speaks, in 2024, 83
Council passed an ordinance authorizing issuance of Redevelopment Authority rental lease bonds 84
(commonly known as 2024 Bond) to fund a list of various infrastructure improvement projects for the 85
next several years. Among that list of projects were several relating exclusively or predominantly to 86
parks’ infrastructure- Autumn and Memorial Greenways, Bear Creek Park, and Ironwood Park 87
improvements. Although under the Bond ordinance, the management of these projects was assigned to 88
the Park Board, all bidding processes remained with the BPW. To improve the efficiency of park 89
projects’ administration, this MOU transfers the responsibility for bidding and administration of the 90
park projects to the Park Board, instead of the BPW. The Park Board is well-equipped to perform 91
these functions and has done so in the past. It is also authorized to comply with the State bidding 92
requirements, both pursuant to State code and interlocal agreements between the City and the Park 93
Board. This MOU has been discussed and approved by the Mayor (she already executed), the Council 94
(executed yesterday), and the Park Board (authorized Michael Klitzing to execute on the Board’s 95
behalf). Legal Department, counsel for the Park Board, and Engineering have reviewed and 96
recommend approval of the MOU. Board Member Potasnik moved to approve. Board Member Barlow 97
seconded. Request approved 3-0 98
ADJOURNMENT 99
Chairwoman Campbell adjourned the meeting at 10:18 AM. 100
101
102 APPROVED: ____________________________________ 103 Jacob Quinn – City Clerk 104 105
106
_____________________________________ 107
Chairwoman Laura Campbell 108 109 110
ATTEST: 111
__________________________________ 112
Jacob Quinn – City Clerk 113 114
JeffHill
VicePresident
30-0970446
June 26, 2025
Page1of1INDIANARETAILTAXEXEMPT
CERTIFICATENO. 0031201550020PURCHASEORDERNUMBERCityofCarmelFEDERALEXCISETAXEXEMPT117910
35-6000972 THIS NUMBER MUST APPEAR ON INVOICES, A/PONECIVICSQUARE
VOUCHER, DELIVERY MEMO, PACKING SLIPS, CARMEL, INDIANA46032-2584 SHIPPING LABELS AND ANY CORRESPONDENCEFORMAPPROVEDBYSTATEBOARDOFACCOUNTSFORCITYOFCARMEL - 1997
PURCHASE ORDER DATE DATE REQUIRED REQUISITION NO. VENDOR NO. DESCRIPTION
ProfessionalServicesAgreement5/7/25 - ASA16/25/2025003050
A & FENGINEER CO, LLC CityEngineering'sOffice
VENDORSHIP8365KEYSTONECROSSING 1CivicSquare
TOSUITE201 Carmel, IN 46032-
INDIANAPOLIS, IN 46240 - Laurie Slick
PURCHASE ID BLANKET CONTRACT PAYMENT TERMS FREIGHT
102481
QUANTITYUNIT OF MEASUREDESCRIPTIONUNIT PRICEEXTENSION
Department:Fund: 2200202Local Road & Street Fund
Account: 43-401.00
1Each25-03 - On-Call services - Studies/Design/Inspection/Misc $24,466.81$24,466.81
Services
SubTotal 24,466.81
Department:Fund: 22002200Motor Vehicle Highway
Account: 43-401.00
1Each25-03 - On-Call services - Studies/Design/Inspection/Misc $95,533.19$95,533.19
Services
SubTotal 95,533.19
SendInvoiceTo:
CityEngineering'sOffice
Laurie Slick
1Civic Square
Carmel, IN 46032-
PLEASEINVOICEINDUPLICATE
DEPARTMENTACCOUNTPROJECTPROJECT ACCOUNTAMOUNT
120,000.00PAYMENT
A/PVOUCHER CANNOT BEAPPROVED FOR PAYMENT UNLESS THE P.O. NUMBER ISMADE ASHIPPINGINSTRUCTIONSPARTOFTHEVOUCHERANDEVERYINVOICEANDVOUCHERHASTHEPROPERSWORNSHIPPREPAID. AFFIDAVIT ATTACHED. IHEREBY CERTIFY THAT THERE ISAN UNOBLIGATED BALANCE IN
C.O.D. SHIPMENT CANNOT BE ACCEPTED.THIS APPROPRIATION SUFFICIENT TO PAYFOR THE ABOVE ORDER.
PURCHASE ORDER NUMBER MUST APPEAR ONALL SHIPPING LABEL
THIS ORDER ISSUED INCOMPLIANCE WITH CHAPTER 99, ACTS 1945
ORDEREDBYANDACTSAMENDATORYTHEREOFANDSUPPLEMENTTHERETO. BradleyPeaseZac Jackson
TITLEDirectorCFO
CONTROL NO. 117910
CzBmmjtpoMzodi.NdHsbuibu21;29bn-Kvo29-3136
CITY OFCARMEL
STRUCTURE #21CULVERT LININGPROJECT
CrossRoad Engineers, PC
I.PROJECT DESCRIPTION
Thisprojectinvolves theevaluation oftheexisting CityofCarmel SmallStructure #21, which
carriestheMonon TrailoveraUNTofLittleCoolCreek northofUS31, andthedesignofthe
structure lining, orothermeasuretoimprove thelifecycle, structural integrity, and
hydraulic capacity oftheexisting culvert.
Included inthisproposal isadescription oftheengineering servicesnecessary forthe
complete development oftheproposed improvements. Theseservices include culvert
condition evaluation, topographic survey, designandconstruction documents, regulatory
permitting, quotepreparation andevaluation, andconstruction administration.
II.SCOPEOFPROFESSIONAL SERVICES
1.Topographic Survey
CrossRoad Engineers (CRE) willperformthefieldworkandoffice worknecessary to
completeaTopographic Survey fortheexistingculvert (Culvert #21) that willbelined.
Included intherequired survey willbeinformation such asstructuresize, shapeand
elevations, existing Monon Trailelevations, creekcrosssectionsupstream and
downstream, andverification ofexisting utilities. Thissurvey willalsoinclude all
research, office work, andfieldworknecessary tore-establish theexisting Right-of-
Wayandrelevant lotlines / drainage easements attheculvert.
2.Preliminary PhaseandHydraulicDesign
CREwillcomplete asitevisittoconfirmvisualevaluation oftheexisting culvert and
visual evaluationwillconfirm ifaliningprojectisfeasible andhelp determine afull
listofrecommended culvertliningoptions. Basedontheexisting culvertconditions
size, slope, etc.) andpotential lining options, CREwillcomplete allnecessary
hydrologic andhydraulic calculations necessary toverifynonegative impact tothe
existing culvertcapacity, existing creekandpeak basefloodelevations. These
calculations willverifythefeasibility oflining thestructure withnonegativeimpacts,
andifany improvements arenecessary tonegateanyinletcondition impacts. All
calculations willbeformalized intoadrainage report. Duetothenatureofculvert
linings, andtheincreases invelocities, wewillalsoperformHY-8modeling ofthe
culverts togetactual velocitiesexperienced intheculvertanddownstream creek. We
willevaluate allpotential stream stabilization andenergy dissipation practices to
3417SHERMAN DR, BEECH GROVE, IN46107 // 317.780.1555 //CROSSROADENGINEERS.COM PAGE1of5
determine themostfeasible alternatives, andwewillhavefield measured areas
basedondesign calculations andfieldconditions.
Duringthisphasewewillbegincoordination with theCityofCarmelEngineering
regulated drain), andIDEM andUSACE toverifyjurisdiction anddetermine any
permitting considerations. Astheupstream watershed appears tobelessthan1sq.
mile, itisassumed thatDNR hasnojurisdiction overculvert / creek. Wewillconfirm
thisassumption inthisphase.
3.Designand Construction Drawings
Thedesignoftheculvert liningwillensureworkability ofthefollowing:
CulvertLiningInstallation
Drainage, Grading, andEnergy Dissipation Features
ErosionControl / SWPPP Measures
Headwall / Wingwall Installation (ifnecessary)
Design andconstruction drawingswill beprepared inaccordance withCarmel Clay
Parks requirements,HCSO and stormwater andconstruction
standards, guidelines anddirections, andusingINDOT standards whereapplicable.
CrossRoad Engineers willsubmitplanstotheCityEngineer, HCSOandCarmelClay
Parks forreviewatthefollowing milestones:
90% Complete Plans (Carmel Engineering)
FinalDocuments(CarmelEngineering / HCSO)
Neitherholding apublicinformation meetingnorpreparing landscaping design
plansisincludedin thisscope.
4.RegulatoryPermitting
Wewillprepare thenecessary applications forsubmittal andreviewand/orapproval
oftheconstruction plansprepared aspartofthisagreement. Thistaskwillinclude
thenecessary services forpreparing thesubmittals aswellastimeassociated with
the coordination effortswiththestateandlocal regulatory agencies.
TheUNTofLittleCook Creek immediately upstream oftheproject isanHCSO
regulated drain, soitisanticipated thatwewillneedtopermit theworkthrough the
HCSO. Theproject willlikely notrequire thedisturbance ofmorethanoneacreof
land; therefore, HamiltonCountySoilsandWaterapproval andanIDEMCSGPpermit
isnotanticipated forthisproject. Basedonphotographic records, itappears that
thereisanOrdinary HighWater Mark (OHWM) onthecreek. Basedonthe
assumption thattheprojectwillmeetthethreshold foraRegional GeneralPermit
RGP), itisanticipated thata401 / 404RGPnotification willberequiredthrough the
IDEMandUSACE. Based onStreamstats watershed delineation attheupstream end
oftheculvert being0.155sq. mile, itisassumedthatnoDNR Construction ina
Floodway permitwillberequired forthisproject.
REV06.06.2025//Carmel ClayParks Str #21Culvert Lining /PAGE2of5
5.QuoteDocumentPreparation andEvaluation
FollowingCity ofCarmelapproval oftheFinalConstruction Drawings,Quote
packages willbeprepared, includingproject specifications, quantity calculationsand
finalconstructionestimate. Quotepackages
information anddocuments provided bytheCityofCarmel. ACrossRoad Engineers
representative willalsoattendandprepare agendas andminutesforapre-quote
meeting,receive,andevaluate thecontractor quotepackage,andprovide a
recommendation toaward letter andsupporting quotetabulations.
6.Construction Management
willattendandprepareanagendaandminutes forapre-construction meeting with
theselected contractor. CrossRoad Engineers willthen perform Construction
Management services through theconstruction oftheproject. Thesemanagement
effortsareanticipated toinclude: review shopdrawings fromthecontractor; on-call
inspections toapprove linerinstallation, energy dissipation measures,orother work;
on-callconflict resolution andfieldchange approval; reviewofchangeorders;
processing ofpayestimates; andweeklysiteinspections toverifyconformance.
Duringtheconstruction oftheproject, wehavebudgeted anaverage of20hours per
week (basedonanestimated construction durationof2 -3weeks) fortheResident
ProjectRepresentative andtwo (2) hours perweekfortheSenior Project Managerfor
siteinspections. CrossRoad Engineers willalsoassistwithfinalwalk-thruandpunch
lists, andcomplete projectcloseoutdocumentation. Thisphase doesnotinclude the
preparation andreviewofas-builtdrawings. Construction Management services will
exceed amount listedinSectionIIIProposed Fees.
REV06.06.2025//Carmel ClayParks Str #21Culvert Lining /PAGE3of5
III.PROPOSEDFEES
TASK DESCRIPTIONTASK FEE($)
1.Topographic Survey3,150
2.Preliminary Phase & Hydraulic Design9,750
3.DesignandConstruction Drawings13,500
4.QuotePreparation and Evaluation7,400
5.Regulatory Permitting7,200
6.ConstructionManagement14,000
Hourly NotToExceed)
CONTRACT TOTAL$55,000
REV06.06.2025//Carmel ClayParks Str #21Culvert Lining /PAGE4of5
ATTACHMENT A
HOURLYBILLINGRATES
HOURLY RATEPERSONNELCLASSIFICATION
DESIGN
Director$200.00
SeniorProjectManager176.00
Project Manager157.00
Senior Project Engineer149.00
Project Engineer140.00
Assistant Project Engineer121.00
CADD Manager140.00
Senior CADD Technician/Assistant CADD Manager130.00
CADD Technician121.00
Assistant CADD Technician103.00
Senior Plan Reviewer140.00
Plan Reviewer121.00
R/W Manager176.00
R/W Buyer176.00
INSPECTION
Director$200.00
Senior Project Manager176.00
SeniorResidentProjectRepresentative167.00
Resident Project Representative157.00
Asst Resident Project Representative148.00
Project Inspector140.00
Assistant Project Inspector99.00
SURVEY
SurveyManager$176.00
Assistant SurveyManager149.00
SurveyCrew 1Person145.00
Crew Chief121.00
Survey Crew Member97.00
Researcher109.00
Survey Technician121.00
MISCELLANEOUS
Mileage (permile)Current IRSRate
Other Direct Costsat cost +15%
RatesEffective through December 2025
th115N. 17AVE, BEECH GROVE, IN46107 // 317.780.1555 //CROSSROADENGINEERS.COM
REV06.06.2025//Carmel ClayParks Str #21Culvert Lining /PAGE5of5
Page 1of1INDIANARETAILTAXEXEMPT
PURCHASE ORDER NUMBERCERTIFICATENO. 003120155 002 0CityofCarmel
FEDERAL EXCISE TAX EXEMPT 116895
35-6000972 THIS NUMBER MUST APPEAR ONINVOICES, A/PONECIVICSQUARE
VOUCHER, DELIVERY MEMO, PACKING SLIPS, CARMEL, INDIANA 46032-2584 SHIPPING LABELS AND ANY CORRESPONDENCEFORMAPPROVEDBYSTATEBOARDOFACCOUNTSFORCITYOFCARMEL - 1997
PURCHASE ORDER DATE DATE REQUIRED REQUISITION NO. VENDOR NO. DESCRIPTION
Professional Services Agreement 1/22/25 - ASA 625-026/17/2025068025
CROSSROAD ENGINEERS, PC City Engineering'sOffice
VENDORSHIP115N17THAVE 1Civic Square
TO Carmel, IN 46032-
BEECH GROVE, IN 46107 - Laurie Slick
PURCHASE ID BLANKET CONTRACT PAYMENT TERMS FREIGHT
101340
QUANTITYUNIT OF MEASUREDESCRIPTIONUNIT PRICEEXTENSION
Department:Fund: 2200250Storm Water
Account: 43-509.00
Each125-02 - ASA 6 - Structure #21Culvert Lining$55,000.00$55,000.00
Sub Total 55,000.00
Send Invoice To:
City Engineering'sOffice
Laurie Slick
1Civic Square
Carmel, IN 46032-
PLEASE INVOICE INDUPLICATE
DEPARTMENTACCOUNTPROJECTPROJECT ACCOUNTAMOUNT
55,000.00PAYMENT
A/PVOUCHER CANNOT BEAPPROVED FORPAYMENT UNLESS THE P.O. NUMBER ISMADE ASHIPPINGINSTRUCTIONSPARTOFTHEVOUCHERANDEVERYINVOICEANDVOUCHERHASTHEPROPERSWORNSHIPPREPAID. AFFIDAVIT ATTACHED. IHEREBY CERTIFY THAT THERE ISAN UNOBLIGATED BALANCE IN
C.O.D. SHIPMENT CANNOT BEACCEPTED.THIS APPROPRIATION SUFFICIENT TOPAY FOR THE ABOVE ORDER.
PURCHASE ORDER NUMBER MUST APPEAR ON ALL SHIPPING LABEL
THIS ORDER ISSUED INCOMPLIANCE WITH CHAPTER 99, ACTS 1945
ORDERED BYANDACTSAMENDATORYTHEREOFANDSUPPLEMENTTHERETO. Bradley PeaseZac Jackson
TITLEDirectorCFO
CONTROL NO. 116895
City of Carmel Project 20-ENG-04
Roadway Improvements: College Avenue
between 96th and 106th Streets
CCHANGEE ORDERR #22
Change order is being added to Contract 20-ENG-04 to add pay items for modified saddle structures along
the west side of College Avenue at STR 226, 238, 244, 248, 262, 264 and 274. A pay item will also be
created to pay for the cost and disposal of the original precast structures fabricated. This work was
performed in lieu of the water main relocation per revision to the plans for Carmel Water. A pay item is
also being added for additional construction staking to assist the utility companies with the joint bore duct
installation. A pay item is being added for damages due to failure to maintain construction signs per INDOT
Specification 105.14 - this was originally added in CO #1 but needs to be modified to allow for damages to
be assessed.
Contract Price prior to this Change Order $13,588,500.59
Contract Price will be changed by this Change Order $153,649.75
New Contract Price including this Change Order $13,742,150.34
Amount Adjusted Contract
Price
Cumulative % Change
from Original Contract
Original Contract $13,585,815.00 N/A N/A
CO1 $2,685.59 $13,588,500.59 0.02%
CO2 $153,649.75 $13,742,150.34 1.15%
By Sergey Grechukhin at 9:12 am, Jun 25, 2025
CITY OF CARMEL
TO: CONTRACT CHANGE ORDER NO.:
DATE:
PROJECT NAME:
CITY REQ. NO.:
CITY PO NO.:
CITY PO DATE:
I.You are directed to make the following changes in this Contract:
SCHEDULED ADJUSTMENT
ITEM AMOUNT (+) OR ( - ) DAYS
II.The following referenced Documents further describe the changes outlined in Paragraph I,
and are to be considered a part of this Change Order: R.F.P.: N/A W.D.C. NO.: N/A
The changes result in the following adjustment of Contract Price and Contract Time:
Contract Price prior to this Change Order
Contract Price will be increased by this Change Order
New Contract Price including this Change Order
Contract Time prior to this Change Order Days Closure Substantial Completion Date
Contract Time prior to this Change Order Final Completion Date
Net increased/decreased resulting from this Change Order Days
Current Contract Time including this Change Order Days Closure Substantial Completion Date
Current Contract Time including this Change Order Final Completion Date
This Change Order is for full and final settlement of all direct, indirect, impact costs and time
extensions incurred at any time resulting from the performance of the changed work.
Date:___________________ Date:___________________ Date:___________________
Change order is being added to Contract 20-ENG-04 to add pay items for modified saddle structures along the west
side of College Avenue at STR 226, 238, 244, 248, 262, 264 and 274. A pay item will also be created to pay for the
cost and disposal of the original precast structures fabricated. This work was performed in lieu of the water main
relocation per a revision to the plans for Carmel Water. A pay item is also being added for additional construction
staking to assist the utility companies with the joint bore duct installation. A pay item is being added for damages due
to failure to maintain construction signs per INDOT Specification 105.14 - this was originally added in CO #1 but needs
to be modified to allow for damages to be assessed.
ATTEST:
Phone:_________________ Phone:_________________
Jacob Quinn, City Clerk
City/State/Zip City/State/Zip Alan Potasnik, Member
Brad Pease, PE, City Engineer
By:____________________ By:____________________
Address Address Jim Barlow, Member
Indianapolis, IN 46240 Indianapolis, IN 46221
ENGINEER CONTRACTOR Laura Campbell, Presiding
9025 River Road, Suite 200 1751 W. Minnesota Street
153,649.75$
13,742,150.34$
The Above Changes Are
Recommended
The Above Changes Are Accepted Approved
American Structurepoint, Inc. Rieth-Riley Construction Co., Inc.
One Civic Square
Carmel, IN 46032 20-ENG-04
13,588,500.59$
Brad Pease 2
City Engineer June 3, 2025
City of Carmel Indiana College Ave - 96th to 106th Streets
___________________
317-281-9563
06-03-2025
Michael A Jaskela, Area Manager
___________________06/06/2025
_________________317-634-5561
Michael A Jaskela
Digitally signed by Michael A JaskelaDN: C=US, E=mjaskela@rieth-riley.com,O=Rieth-Riley Construction, CN=Michael A JaskelaDate: 2025.06.06 12:23:34-04'00'
AlAlAlAllllAlAlAlAlAllanananananananananananana PPPPPPPPPPPPPPotoooooooooooasnik,MMMMMMMMMMMMMMeeeeemeeebeeeeeeeeeeeerrrrrrrrrrrrr
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INVOICE
*** D U P L I C A T E ***
Shipped
02/19/2025
Invoice Date
02/20/2025
Invoice #
4144548-00
Warehouse
57
Taken By
ge
PO #
3200969.003
Page #
1 of 2
Ln#ProductAnd Description QuantityShipped QtyUM UnitPrice Amount(Net)
2
4
6
10
12
14
15
16
17
18
SP057-0253-23-051C
SP057-0253-23-053C
SP057-0253-23-054C
SP057-0253-23-055D
SP057-0253-23-060D
SP057-0253-23-061D
SP057-0253-23-064D
SP057-0253-23-106C
SP057-0253-23-107C
SP057-0253-23-108C
238
244
248
250
262
264
267
226 Upsized
241 Upsized
274 Upsized
72" MH Riser
72" MH Riser
72" MH Riser
96" MH Riser
72" MH Riser
72" MH Riser
72" MH Riser
96" MH Riser
96" MH Riser
96" MH Riser
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
each
each
each
each
each
each
each
each
each
each
3,775.000
3,775.000
3,775.000
5,900.000
3,775.000
3,775.000
3,775.000
5,900.000
5,900.000
5,900.000
3,775.00
3,775.00
3,775.00
5,900.00
3,775.00
3,775.00
3,775.00
5,900.00
5,900.00
5,900.00
(800) 289-2569
P.O. BOX 88937
MILWAUKEE, WI 53288-8937
UPDATED INFORMATION:__________________________
Please see new REMIT TO address for payments only.
Please send all LIEN WAIVERS to: LIENWAIVERS@COUNTYMATERIALS.COM
All other inquiries email: ACCOUNTSRECEIVABLE@COUNTYMATERIALS.COM
Invoice Due Date:Cust:126122
Ship To 20-ENG-04 - COLLEGE AVE
*0265-23* JARED 812-216-9027
NEAR 10402 N COLLEGE AVE, PO#: 3200969.003 BO#: 3916104
CARMEL, IN 46280
Bill To:RIETH-RILEY CONSTRUCTION CO IN
7500 W 5TH AVE
GARY, IN 46406
Continued
INVOICE
*** D U P L I C A T E ***
Shipped
02/19/2025
Invoice Date
02/20/2025
Invoice #
4144548-00
Warehouse
57
Taken By
ge
PO #
3200969.003
Page #
2 of 2
Ln#ProductAnd Description QuantityShipped QtyUM UnitPrice Amount(Net)
21 542461
DISPOSAL FEE
0.00 EA 2,625.000 2,625.00
(800) 289-2569
P.O. BOX 88937
MILWAUKEE, WI 53288-8937
UPDATED INFORMATION:__________________________
Please see new REMIT TO address for payments only.
Please send all LIEN WAIVERS to: LIENWAIVERS@COUNTYMATERIALS.COM
All other inquiries email: ACCOUNTSRECEIVABLE@COUNTYMATERIALS.COM
Invoice Due Date:Cust:126122
Ship To 20-ENG-04 - COLLEGE AVE
*0265-23* JARED 812-216-9027
NEAR 10402 N COLLEGE AVE, PO#: 3200969.003 BO#: 3916104
CARMEL, IN 46280
Bill To:RIETH-RILEY CONSTRUCTION CO IN
7500 W 5TH AVE
GARY, IN 46406
11.00Lines Total Quantity Shipped Total 12.00 Sub Total
Invoice Total
48,875.00
48,875.00
RESOLUTION NO. BPW 07-02-25-01
RESOLUTION OFTHE CITY OFCARMEL BOARD OFPUBLIC WORKS ANDSAFETY
ACKNOWLEDGING AGREEMENT BETWEEN CITY AND VENDOR
WHEREAS, pursuant toIndiana Code36-1-4-7, theCityofCarmel, Indiana (“City”), isauthorized toenter
into contracts; and
WHEREAS, pursuant toIndiana Code36-4-5-3, theCity’smayormayenterintocontracts onbehalf ofthe
City; and
WHEREAS, pursuant toherauthority underIndiana law, theCity’smayor, theHonorable SueFinkam, has
caused tobesigned theAgreement attached hereto (the “Contract”); and
WHEREAS, Mayor Finkam nowwishes topresent thecontract totheCity’sBoardofPublic Worksand
Safetyforittobepublicly acknowledged, filedintheClerk’sOffice, andmadeavailable tothepublic forreview.
NOW, THEREFORE, BEITRESOLVED bytheCityofCarmel Board ofPublic Works andSafety as
follows:
1. Theforegoing Recitals areincorporated herein bythisreference.
2. Thereceipt oftheContract ishereby acknowledged.
3. TheContract shallbepromptly filedintheoffice oftheClerk andthereafter madeavailable tothepublic
forreview.
SORESOLVED this dayof , 2025.
CITY OFCARMEL, INDIANA
Byand through itsBoardofPublic WorksandSafety
BY:
Laura Campbell, Presiding Officer
Date:
JamesBarlow, Member
Date:
AlanPotasnik, Member
Date:
ATTEST:
Jacob Quinn, Clerk
Date:
CzBmmjtpoMzodi.NdHsbuibu3;29qn-Kvo29-3136
FullerEngineering Co., LLC
Information & Communication Systems Department - 2025
Appropriation #1115 044-631.00Capital Lease Fund; P.O. #116530
Contract NotToExceed $89,330.00
6. DISCLOSURE AND WARNINGS:
Ifrequested byCity, Vendor shallpromptly furnish toCity, insuch formand detail as Citymay direct, alistof
allchemicals, materials, substances anditems used inorduring theprovision ofthe Goods and Services
provided hereunder, including thequantity, quality and concentration thereof andanyother information relating
thereto. Atthetime ofthe delivery oftheGoods andServices provided hereunder, Vendor agrees tofurnish to
Citysufficient written warning andnotice (including appropriate labels oncontainers and packing) ofany
hazardous material utilized inorthat isapartoftheGoods andServices.
7. LIENS:
Vendor shall notcause orpermit thefilingofanylien onany ofCity’sproperty. Intheevent anysuch lien is
filedand Vendor fails toremove such lien within ten (10) daysafter thefiling thereof, bypayment orbonding,
Cityshallhavethe right topaysuch lien orobtain suchbond, allatVendor’ssolecostandexpense.
8. DEFAULT:
Inthe event Vendor: (a) repudiates, breaches ordefaults under any oftheterms orconditions ofthis
Agreement, including Vendor’swarranties; (b) fails toprovide theGoods andServices asspecified herein; (c)
fails tomake progress so astoendanger timely and proper provision oftheGoods andServices anddoes not
correct such failure orbreach within five (5) business days (orsuch shorter period oftimeas iscommercially
reasonable under the circumstances) afterreceipt ofnotice from Cityspecifying such failure orbreach; or (d)
becomes insolvent, isplaced into receivership, makes ageneral assignment forthe benefit ofcreditors or
dissolves, each such event constituting an event ofdefault hereunder, City shallhave theright to (1) terminate
alloranyparts ofthisAgreement, without liability toVendor; and (2) exercise all other rights and remedies
available toCity atlawand/orinequity.
9. INSURANCE AND INDEMNIFICATION:
Vendor shall procure and maintain infullforce and effect during theterm ofthisAgreement, withaninsurer
licensed todo business intheState ofIndiana, such insurance asisnecessary for theprotection ofCity and
Vendor from allclaims fordamages under anyworkers’ compensation, occupational disease and/or
unemployment compensation act; for bodily injuries including, butnotlimited to, personal injury, sickness,
disease or death ofortoany ofVendor’sagents, officers, employees, contractors andsubcontractors; and, for
any injury toordestruction ofproperty, including, butnotlimited to, any lossofuseresulting therefrom. The
coverage amounts shall benoless than those amounts setforth inattached Exhibit C. Vendor shall cause its
insurers toname Cityasanadditional insured onallsuch insurance policies, shall promptly provide City, upon
request, with copies ofallsuch policies, andshallprovide that such insurance policies shall notbecanceled
without thirty (30) dayspriornotice toCity. Vendor shallindemnify andhold harmless Cityfromand against
anyandall liabilities, claims, demands orexpenses (including, butnotlimited to, reasonable attorney fees) for
injury, death and/or damages toanyperson orproperty arising from orin connection withVendor’sprovision
ofGoods andServices pursuant toorunder this Agreement orVendor’suseofCity property.
Vendor further agrees toindemnify, defend and hold harmless City and itsofficers, officials, agents and
employees fromallclaims andsuits ofwhatever type, including, butnotlimited to, allcourtcosts, attorney fees,
and other expenses, caused byany act oromission ofVendor and/orof anyofVendor’sagents, officers,
employees, contractors orsubcontractors intheperformance ofthisAgreement. These indemnification
obligations shall survive thetermination ofthisAgreement.
2
FullerEngineering Co., LLC
Information & Communication Systems Department - 2025
Appropriation #1115 044-631.00Capital Lease Fund; P.O. #116530
Contract NotToExceed $89,330.00
10. GOVERNMENT COMPLIANCE:
Vendor agrees tocomply with allfederal, state and local laws, executive orders, rules, regulations and codes
which maybeapplicable toVendor’sperformance ofitsobligations under this Agreement, andallrelevant
provisions thereof areincorporated herein by this reference. Vendor agrees to indemnify andholdharmless
Cityfrom any loss, damage and/orliability resulting fromany suchviolation ofsuch laws, orders, rules,
regulations andcodes. This indemnification obligation shall survive the termination ofthis Agreement.
11. NONDISCRIMINATION:
Vendor represents and warrants that itand allofitsofficers, employees, agents, contractors and
subcontractors shallcomply with alllawsoftheUnited States, theState ofIndiana andCityprohibiting
discrimination against anyemployee, applicant for employment orother person intheprovision ofanyGoods
and Services provided bythisAgreement with respect totheirhire, tenure, terms, conditions andprivileges of
employment andanyother matter related totheir employment orsubcontracting, because ofrace, religion,
color, sex, handicap, national origin, ancestry, age, disabled veteran status and/orVietnam era veteran status.
12. E-VERIFY:
Pursuant toI.C. § 22-5-1.7etseq., asthesame may beamended from time totime, and asisincorporated
herein bythis reference (the “Indiana E-Verify Law”), Vendor isrequired toenroll inand verify thework eligibility
status ofitsnewly-hired employees using the E-Verify program, andtoexecute theAffidavit attached herein
asExhibit D, affirming thatitisenrolled and participating intheE-Verify program anddoes not knowingly
employ unauthorized aliens. Insupport oftheAffidavit, Vendor shall provide theCity withdocumentation
indicating that ithas enrolled andisparticipating intheE-Verify program. Should Vendor subcontract
fortheperformance ofany work under andpursuant tothis Agreement, itshallfullycomply with theIndiana E-
Verify Lawasregards each suchsubcontractor. Should theVendor oranysubcontractor violate theIndiana
E-Verify law, theCity mayrequire acure ofsuch violation and thereafter, ifnotimely cure is performed,
terminate thisAgreement inaccordance witheither the provisions hereof orthose setforth intheIndiana E-
Verify Law. The requirements ofthis paragraph shall notapply should the E-Verify program cease toexist.
13. NOIMPLIED WAIVER:
The failure ofeither party torequire performance bytheother ofany provision ofthisAgreement shallnotaffect
theright ofsuch party torequire such performance atanytimethereafter, norshallthe waiver byany partyof
abreach ofanyprovision ofthisAgreement constitute awaiver ofanysucceeding breach ofthesame orany
other provision hereof.
14. NON-ASSIGNMENT:
Vendor shallnot assign orpledge this Agreement, whether ascollateral foraloanorotherwise, and shall not
delegate itsobligations under this Agreement without City’spriorwritten consent.
15. RELATIONSHIP OFPARTIES:
The relationship ofthe parties hereto shall beasprovided forinthisAgreement, andneither Vendor norany
ofitsofficers, employees, contractors, subcontractors andagents areemployees of City. The contract price
setforthherein shall bethefulland maximum compensation andmonies required ofCity tobepaid toVendor
under orpursuant tothisAgreement.
16. GOVERNING LAW; LAWSUITS:
This Agreement istobeconstrued inaccordance with and governed bythelaws oftheStateofIndiana, except
foritsconflict oflaws provisions. The parties agree that, intheevent alawsuit isfiled hereunder, theywaive
theirright toajurytrial, agree tofile anysuch lawsuit inanappropriate courtinHamilton County, Indiana only,
3
FullerEngineering Co., LLC
Information & Communication Systems Department - 2025
Appropriation #1115 044-631.00Capital Lease Fund; P.O. #116530
Contract NotToExceed $89,330.00
and agree that suchcourt istheappropriate venue forand hasjurisdiction oversame.
17. SEVERABILITY:
Ifany term ofthisAgreement isinvalid orunenforceable under any statute, regulation, ordinance, executive
order orother rule oflaw, suchterm shallbedeemed reformed ordeleted, butonly totheextent necessary to
comply with same, and theremaining provisions ofthisAgreement shall remain infullforce andeffect.
18. NOTICE:
Anynotice provided forinthis Agreement willbe sufficient ifitisinwriting andisdelivered bypostage prepaid
U.S. certified mail, return receipt requested, totheparty tobe notified attheaddress specified herein:
IftoCity: CityofCarmel AND CityofCarmel
ICS Department Office ofCorporation Counsel
10701 NCollege Ave, Suite A One Civic Square
Carmel, Indiana 46280 Carmel, Indiana 46032
IftoVendor: Fuller Engineering Co., LLC
th4135West99 Street
Carmel, Indiana 46032
Notwithstanding theabove, notice oftermination under paragraph 19 hereinbelow shall beeffective ifgiven
orally, aslong aswritten notice isthen provided assetforth hereinabove within five (5) business days from the
date ofsuch oralnotice.
19. TERMINATION:
19.1 Notwithstanding anything tothecontrary contained inthisAgreement, City may, upon notice toVendor,
immediately terminate thisAgreement forcause, intheeventofadefault hereunder byVendor and/or
ifsufficient funds arenotappropriated orencumbered topayforthe Goods andServices tobeprovided
hereunder. In theevent ofsuch termination, Vendor shall be entitled toreceive onlypayment forthe
undisputed invoice amount representing conforming Goods andServices delivered asofthedate of
termination, except that such payment amount shallnotexceed the Estimate amount ineffect atthe
time oftermination, unless theparties have previously agreed inwriting toagreater amount.
19.2 Citymayterminate thisAgreement atanytime upon thirty (30) days prior notice toVendor. Inthe
event ofsuch termination, Vendor shall be entitled toreceive onlypayment for the undisputed invoice
amount ofconforming Goods andServices delivered asofthedate oftermination, except that such
payment amount shall notexceed theEstimate amount ineffect atthetime oftermination, unless the
parties havepreviously agreed inwriting toagreater amount.
19.3 TheCitymayterminate this Agreement pursuant toParagraph 11hereof, asappropriate.
20. REPRESENTATIONS AND WARRANTIES
The parties represent andwarrant thattheyareauthorized toenter intothisAgreement andthatthe persons
executing this Agreement havethe authority tobind theparty which they represent.
21. ADDITIONAL GOODS AND SERVICES
Vendor understands and agrees that Citymay, from time totime, request Vendor toprovide additional goods
andservices toCity. When Citydesires additional goods and services from Vendor, theCity shall notify Vendor
4
FullerEngineering Co., LLC
Information & Communication Systems Department - 2025
Appropriation #1115 044-631.00Capital Lease Fund; P.O. #116530
Contract NotToExceed $89,330.00
ofsuch additional goods andservices desired, aswellasthetime frame inwhich same are tobeprovided.
Only afterCity has approved Vendor’stime and cost estimate forthe provision ofsuchadditional goods and
services, hasencumbered sufficient monies topay forsame, and hasauthorized Vendor, inwriting, toprovide
suchadditional goods and services, shall such goods and services beprovided byVendor toCity. Acopy of
theCity’sauthorization documents forthe purchase ofadditional goods andservices shall benumbered and
attached hereto intheorder inwhichthey areapproved byCity.
22. TERM
Unless otherwise terminated inaccordance withthetermination provisions set forth inParagraph 19
hereinabove, this Agreement shall beineffect from the Effective Date through thesatisfactory completion of
services and/ordelivery andacceptance ofgoods contracted forherein.
23. HEADINGS
Allheading and sections ofthis Agreement areinserted forconvenience onlyand donotform apartofthis
Agreement norlimit, expand orotherwise alterthe meaning ofany provision hereof.
24. BINDING EFFECT
The parties, and their respective officers, officials, agents, partners, successors, assigns and legal
representatives, are bound totheother with respect toallofthecovenants, terms, warranties and obligations
set forth inAgreement.
25. NOTHIRD PARTY BENEFICIARIES
This Agreement gives norights orbenefits toanyone other than CityandVendor.
26. DEBARMENT AND SUSPENSION
26.1 The Vendor certifies byentering intothisAgreement thatneither itnorits principals noranyofits
subcontractors arepresently debarred, suspended, proposed fordebarment, declared ineligible orvoluntarily
excluded fromentering into thisAgreement byanyfederal agency orbyany department, agency orpolitical
subdivision oftheState ofIndiana. Theterm “principal” for purposes ofthisAgreement means anofficer,
director, owner, partner, key employee orother person with primary management orsupervisory
responsibilities, oraperson who has acritical influence onorsubstantive control over the operations ofthe
Vendor.
26.2 TheVendor certifies thatithas verified thestate andfederal suspension anddebarment status forall
subcontractors receiving funds under this Agreement and shall besolely responsible forany recoupment,
penalties orcosts thatmight arisefrom useofasuspended ordebarred subcontractor. The Vendor shall
immediately notify theCity ifanysubcontractor becomes debarred orsuspended, andshall, attheCity’s
request, take allsteps required bytheCity toterminate itscontractual relationship withthe subcontractor for
worktobeperformed under this Agreement.
27. IRAN CERTIFICATION
Pursuant toI.C. § 5-22-16.5, the Vendor shallcertify that, insigning thisAgreement, itdoes not engage in
investment activities within the Country ofIran.
28. ADVICE OFCOUNSEL:
Theparties warrant thattheyhave read thisAgreement and understand it, have hadtheopportunity toobtain
legal advice and assistance of counsel throughout thenegotiation ofthisAgreement, andenter intosame
5
Name of Company: Address & Zip: Telephone No.: Fax No.:
Project Name:
Invoice No.
Purchase Order No:
Person Providing Date
Goods/Services Goods/
Service
Provided
Signature
Printed Name
EXHIBIT B
Invoice
Goods/Services Provided
Describe each good/service
separately and in detail)
GRAND TOTAL
Date:
Goods
Cost Per
Item
Services
Hourly Total
Rate/
Hours
Worked
EXHIBIT C
INSURANCE COVERAGES
Worker’s Compensation & Disability Statutory Limits
Employer’s Liability:
Bodily Injury by Accident/Disease: $500,000 each employee
Bodily Injury by Accident/Disease: $500,000 each accident
Bodily Injury by Accident/Disease: $1,000,000 policy limit
Commercial General Liability (Occurrence
Basis), Bodily Injury, Personal Injury, Property
Damage, Contractual Liability, Products –
Completed Operations:
General Aggregate Limit (other than
Products/Completed Operations): $2,000,000
Products/Completed Operations: $1,000,000
Personal & Advertising Injury Limit: $500,000
Each Occurrence Limit: $1,000,000
Damage to Premises: $100,000 each occurrence
Fire Damage (any one fire): $250,000 each occurrence
Medical Expense Limit (any one person): $10,000
Auto Liability (owned, hired, and non-owned)
Bodily Single Limit: $1,000,000 each accident
Injury and Property Damage: $1,000,000 each accident
Policy Limit: $1,000,000
Umbrella/Excess Liability
Each Occurrence: $1,000,000
Aggregate: $1,000,000
Maximum Deductible: $10,000
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6/10/2025
INSIGHT PUBLIC SECTOR, INC.
DALLAS, TX 75373--1072
116873
PO BOX 731072
City of Carmel
ONE CIVIC SQUARE
CARMEL, INDIANA 46032-2584
FORM APPROVED BY STATE BOARD OF ACCOUNTS FOR CITY OF CARMEL - 1997
INDIANA RETAIL TAX EXEMPT
CERTIFICATE NO. 003120155 002 0
FEDERAL EXCISE TAX EXEMPT
35-6000972
PURCHASE ORDER NUMBER
THIS NUMBER MUST APPEAR ON INVOICES, A/P
VOUCHER, DELIVERY MEMO, PACKING SLIPS,
SHIPPING LABELS AND ANY CORRESPONDENCE
PURCHASE ORDER DATE DATE REQUIRED REQUISITION NO. VENDOR NO. DESCRIPTION
VENDOR SHIP
TO
PURCHASE ID BLANKET CONTRACT PAYMENT TERMS FREIGHT
EXTENSION
HPE Aruba Networking
ICS
10701 N. College Ave. Ste A
Carmel, IN 46280-
317) 571-2576
372300
UNITPRICEDESCRIPTIONUNITOFMEASUREQUANTITY
Page 1 of 1
101172
1115Department:0Fund:Capital Lease Fund
44-631.00Account:
HPE ARUB A POWER SUPPLY 240WATT6 $907.76 $5,446.56Each
HPE ARUBA 4100I - SWITCH - 12PORTS3 $2,939.78 $8,819.34Each
HPE ARUBA 50G BASE DIRECT ATTACH CABLE 10'8 $317.43 $2,539.44Each
HPE ARUBA 6300M SWITCH 48PORTS2 $9,875.28 $19,750.56Each
Hpe Aruba 6400 24-portSFP1 $14,701.39 $14,701.39Each
HPE ARUBA CX 8360-32y4c SWITCH 32PORTS4 $17,175.88 $68,703.52Each
HPE ARUBA NETWORKING CX 5420 20P 10M/100M/1G1 $3,751.67 $3,751.67Each
HPE ARUBA NETWORKING CX 5420 6-SLOTCHASSIS1 $2,522.37 $2,522.37Each
HPE ARUBA NETWORKING CX 5420 8P SFP+ 1G/10G1 $3,939.74 $3,939.74Each
HPE ARUBA NETWORKING CX5420 MANAGEMENTMODULE1 $2,293.02 $2,293.02Each
HPE ARUBA RACK MOUNTINGKIT4 $243.57 $974.28Each
HPE ARUBA X372 POWERSUPPLY4 $468.79 $1,875.16EachJL087A#ABA
HPE ARUBA X414 UNIVERSAL 4 POSTRACK4 $144.02 $576.08Each
135,893.13SubTotal
135,893.13
Quote #0228551841 Omnia Partners #23-6692-03
Send Invoice To:
PLEASE INVOICE IN DUPLICATE
DEPARTMENT ACCOUNT PROJECT PROJECT ACCOUNT AMOUNT
SHIPPING INSTRUCTIONS
SHIP PREPAID.
C.O.D. SHIPMENT CANNOT BE ACCEPTED.
PURCHASE ORDER NUMBER MUST APPEAR ON ALL SHIPPING LABEL
AND ACTS AMENDATORY THEREOF AND SUPPLEMENT THERETO.
THIS ORDER ISSUED IN COMPLIANCE WITH CHAPTER 99, ACTS 1945
PAYMENT
A/P VOUCHER CANNOT BE APPROVED FOR PAYMENT UNLESS THE P.O. NUMBER ISMADE A
PART OF THE VOUCHER AND EVERY INVOICE AND VOUCHER HAS THE PROPER SWORN
AFFIDAVIT ATTACHED. I HEREBY CERTIFY THAT THERE IS AN UNOBLIGATED BALANCE IN
THIS APPROPRIATION SUFFICIENT TO PAY FOR THE ABOVE ORDER.
CONTROL NO. 116873
ORDERED BY
TITLE
ICS
10701 N. College Ave. Ste A
Carmel, IN 46280-
Kevin Cusimano Zac Jackson
317) 571-2576
Director CFO
CzTfshfzHsfdivlijobu21;37bn-Kvo34-3136
NV5 Geospatial, Inc.
Information & Communication Systems andUtilities Departments - 2025
Appropriation #1115 10143-404.02, 01-6360-06Funds; P.O. #116880, W10202
Contract NotToExceed $131,265.00
6. DISCLOSURE AND WARNINGS:
Ifrequested byCity, Vendor shallpromptly furnish toCity, insuch formand detail as Citymay direct, alistof
allchemicals, materials, substances anditems used inorduring theprovision ofthe Goods and Services
provided hereunder, including thequantity, quality and concentration thereof andanyother information relating
thereto. Atthetime ofthe delivery oftheGoods andServices provided hereunder, Vendor agrees tofurnish to
Citysufficient written warning andnotice (including appropriate labels oncontainers and packing) ofany
hazardous material utilized inorthat isapartoftheGoods andServices.
7. LIENS:
Vendor shall notcause orpermit thefilingofanylien onany ofCity’sproperty. Intheevent anysuch lien is
filedand Vendor fails toremove such lien within ten (10) daysafter thefiling thereof, bypayment orbonding,
Cityshallhavethe right topaysuch lien orobtain suchbond, allatVendor’ssolecostandexpense.
8. DEFAULT:
Inthe event Vendor: (a) repudiates, breaches ordefaults under any oftheterms orconditions ofthis
Agreement, including Vendor’swarranties; (b) fails toprovide theGoods andServices asspecified herein; (c)
fails tomake progress so astoendanger timely and proper provision oftheGoods andServices anddoes not
correct such failure orbreach within five (5) business days (orsuch shorter period oftimeas iscommercially
reasonable under the circumstances) afterreceipt ofnotice from Cityspecifying such failure orbreach; or (d)
becomes insolvent, isplaced into receivership, makes ageneral assignment forthe benefit ofcreditors or
dissolves, each such event constituting an event ofdefault hereunder, City shallhave theright to (1) terminate
alloranyparts ofthisAgreement, without liability toVendor; and (2) exercise all other rights and remedies
available toCity atlawand/orinequity.
9. INSURANCE AND INDEMNIFICATION:
Vendor shall procure and maintain infullforce and effect during theterm ofthisAgreement, withaninsurer
licensed todo business intheState ofIndiana, such insurance asisnecessary for theprotection ofCity and
Vendor from allclaims fordamages under anyworkers’ compensation, occupational disease and/or
unemployment compensation act; for bodily injuries including, butnotlimited to, personal injury, sickness,
disease or death ofortoany ofVendor’sagents, officers, employees, contractors andsubcontractors; and, for
any injury toordestruction ofproperty, including, butnotlimited to, any lossofuseresulting therefrom. The
coverage amounts shall benoless than those amounts setforth inattached Exhibit C. Vendor shall cause its
insurers toname Cityasanadditional insured onallsuch insurance policies, shall promptly provide City, upon
request, with copies ofallsuch policies, andshallprovide that such insurance policies shall notbecanceled
without thirty (30) dayspriornotice toCity. Vendor shallindemnify andhold harmless Cityfromand against
anyandall liabilities, claims, demands orexpenses (including, butnotlimited to, reasonable attorney fees) for
injury, death and/or damages toanyperson orproperty arising from orin connection withVendor’sprovision
ofGoods andServices pursuant toorunder this Agreement orVendor’suseofCity property.
Vendor further agrees toindemnify, defend and hold harmless City and itsofficers, officials, agents and
employees fromallclaims andsuits ofwhatever type, including, butnotlimited to, allcourtcosts, attorney fees,
and other expenses, caused byany act oromission ofVendor and/orof anyofVendor’sagents, officers,
employees, contractors orsubcontractors intheperformance ofthisAgreement. These indemnification
obligations shall survive thetermination ofthisAgreement.
2
NV5 Geospatial, Inc.
Information & Communication Systems andUtilities Departments - 2025
Appropriation #1115 10143-404.02, 01-6360-06Funds; P.O. #116880, W10202
Contract NotToExceed $131,265.00
10. GOVERNMENT COMPLIANCE:
Vendor agrees tocomply with allfederal, state and local laws, executive orders, rules, regulations and codes
which maybeapplicable toVendor’sperformance ofitsobligations under this Agreement, andallrelevant
provisions thereof areincorporated herein by this reference. Vendor agrees to indemnify andholdharmless
Cityfrom any loss, damage and/orliability resulting fromany suchviolation ofsuch laws, orders, rules,
regulations andcodes. This indemnification obligation shall survive the termination ofthis Agreement.
11. NONDISCRIMINATION:
Vendor represents and warrants that itand allofitsofficers, employees, agents, contractors and
subcontractors shallcomply with alllawsoftheUnited States, theState ofIndiana andCityprohibiting
discrimination against anyemployee, applicant for employment orother person intheprovision ofanyGoods
and Services provided bythisAgreement with respect totheirhire, tenure, terms, conditions andprivileges of
employment andanyother matter related totheir employment orsubcontracting, because ofrace, religion,
color, sex, handicap, national origin, ancestry, age, disabled veteran status and/orVietnam era veteran status.
12. E-VERIFY:
Pursuant toI.C. § 22-5-1.7etseq., asthesame may beamended from time totime, and asisincorporated
herein bythis reference (the “Indiana E-Verify Law”), Vendor isrequired toenroll inand verify thework eligibility
status ofitsnewly-hired employees using the E-Verify program, andtoexecute theAffidavit attached herein
asExhibit D, affirming that itisenrolled andparticipating intheE-Verify program anddoes not knowingly
employ unauthorized aliens. Insupport oftheAffidavit, Vendor shall provide theCity withdocumentation
indicating that ithas enrolled andisparticipating intheE-Verify program. Should Vendor subcontract
fortheperformance ofany work under andpursuant tothis Agreement, itshallfullycomply with theIndiana E-
Verify Lawasregards each suchsubcontractor. Should theVendor oranysubcontractor violate theIndiana
E-Verify law, theCity may require acure ofsuch violation and thereafter, ifnotimely cure is performed,
terminate thisAgreement inaccordance witheither the provisions hereof orthose setforth intheIndiana E-
Verify Law. The requirements ofthis paragraph shall notapplyshould the E-Verify program cease toexist.
13. NOIMPLIED WAIVER:
The failure ofeither party torequire performance bytheother ofany provision ofthisAgreement shallnotaffect
theright ofsuch party torequire such performance atanytimethereafter, norshallthe waiver byany partyof
abreach ofanyprovision ofthisAgreement constitute awaiver ofanysucceeding breach ofthesame orany
other provision hereof.
14. NON-ASSIGNMENT:
Vendor shallnot assign orpledge this Agreement, whether ascollateral foraloanorotherwise, and shall not
delegate itsobligations under this Agreement without City’spriorwritten consent.
15. RELATIONSHIP OFPARTIES:
The relationship ofthe parties hereto shall beasprovided forinthisAgreement, andneither Vendor norany
ofitsofficers, employees, contractors, subcontractors andagents areemployees of City. The contract price
setforthherein shall bethefulland maximum compensation andmonies required ofCity tobepaid toVendor
under orpursuant tothisAgreement.
16. GOVERNING LAW; LAWSUITS:
This Agreement istobeconstrued inaccordance with and governed bythelaws oftheStateofIndiana, except
foritsconflict oflaws provisions. The parties agree that, intheevent alawsuit isfiled hereunder, theywaive
theirright toajurytrial, agree tofile anysuch lawsuit inanappropriate courtinHamilton County, Indiana only,
3
NV5 Geospatial, Inc.
Information & Communication Systems andUtilities Departments - 2025
Appropriation #1115 10143-404.02, 01-6360-06Funds; P.O. #116880, W10202
Contract NotToExceed $131,265.00
and agree that suchcourt istheappropriate venue forand hasjurisdiction oversame.
17. SEVERABILITY:
Ifany term ofthisAgreement isinvalid orunenforceable under any statute, regulation, ordinance, executive
order orother rule oflaw, suchterm shallbedeemed reformed ordeleted, butonly totheextent necessary to
comply with same, and theremaining provisions ofthisAgreement shall remain infullforce andeffect.
18. NOTICE:
Anynotice provided forinthis Agreement willbe sufficient ifitisinwriting andisdelivered bypostage prepaid
U.S. certified mail, return receipt requested, totheparty tobe notified attheaddress specified herein:
IftoCity: CityofCarmel AND CityofCarmel
ICS Department Office ofCorporation Counsel
10701 NCollege Ave, Suite A One Civic Square
Carmel, Indiana 46280 Carmel, Indiana 46032
CityofCarmel
Utilities Department
nd30WMainStreet, 2 Floor
Carmel, IN46032
IftoVendor: NV5 Geospatial, Inc.
200 SPark Road, Suite 350
Hollywood, Florida 33021
Notwithstanding theabove, notice oftermination under paragraph 19 hereinbelow shall beeffective ifgiven
orally, aslong aswritten notice isthen provided assetforth hereinabove within five (5) business days from the
date ofsuch oralnotice.
19. TERMINATION:
19.1 Notwithstanding anything tothecontrary contained inthisAgreement, Citymay, upon notice toVendor,
immediately terminate thisAgreement forcause, intheeventofadefault hereunder byVendor and/or
ifsufficient funds arenotappropriated orencumbered topayforthe Goods andServices tobeprovided
hereunder. In theevent ofsuch termination, Vendor shall be entitled toreceive onlypayment forthe
undisputed invoice amount representing conforming Goods andServices delivered asofthedate of
termination, except that such payment amount shallnotexceed the Estimate amount ineffect atthe
time oftermination, unless theparties have previously agreed inwriting toagreater amount.
19.2 Citymayterminate thisAgreement atanytime upon thirty (30) days prior notice toVendor. Inthe
event ofsuch termination, Vendor shall be entitled toreceive onlypayment for the undisputed invoice
amount ofconforming Goods andServices delivered asofthedate oftermination, except that such
payment amount shall notexceed theEstimate amount ineffect atthetime oftermination, unless the
parties havepreviously agreed inwriting toagreater amount.
19.3 TheCitymayterminate this Agreement pursuant toParagraph 11hereof, asappropriate.
4
NV5 Geospatial, Inc.
Information & Communication Systems andUtilities Departments - 2025
Appropriation #1115 10143-404.02, 01-6360-06Funds; P.O. #116880, W10202
Contract NotToExceed $131,265.00
20. REPRESENTATIONS AND WARRANTIES
Theparties represent and warrant that theyareauthorized toenterinto this Agreement andthatthe persons
executing this Agreement havethe authority tobind theparty which they represent.
21. ADDITIONAL GOODS AND SERVICES
Vendor understands and agrees that Citymay, from time totime, request Vendor toprovide additional goods
andservices toCity. When Citydesires additional goods and services from Vendor, theCity shall notify Vendor
ofsuch additional goods andservices desired, aswellasthetime frame inwhich same are tobeprovided.
Only afterCity has approved Vendor’stime and cost estimate forthe provision ofsuchadditional goods and
services, hasencumbered sufficient monies topay forsame, and hasauthorized Vendor, inwriting, toprovide
suchadditional goods and services, shall such goods and services beprovided byVendor toCity. Acopy of
theCity’sauthorization documents forthe purchase ofadditional goods andservices shall benumbered and
attached hereto intheorder inwhichthey areapproved byCity.
22. TERM
Unless otherwise terminated inaccordance withthetermination provisions set forth inParagraph 19
hereinabove, this Agreement shall beineffect from the Effective Date through thesatisfactory completion of
services and/ordelivery andacceptance ofgoods contracted forherein.
23. HEADINGS
Allheading and sections ofthis Agreement areinserted forconvenience onlyand donotform apartofthis
Agreement norlimit, expand orotherwise alterthe meaning ofany provision hereof.
24. BINDING EFFECT
The parties, and their respective officers, officials, agents, partners, successors, assigns and legal
representatives, are bound totheother with respect toallofthecovenants, terms, warranties and obligations
set forth inAgreement.
25. NOTHIRD PARTY BENEFICIARIES
This Agreement gives norights orbenefits toanyone other than CityandVendor.
26. DEBARMENT AND SUSPENSION
26.1 The Vendor certifies byentering intothis Agreement thatneither itnoritsprincipals norany ofits
subcontractors arepresently debarred, suspended, proposed fordebarment, declared ineligible orvoluntarily
excluded fromentering into thisAgreement byanyfederal agency orbyany department, agency orpolitical
subdivision oftheState ofIndiana. Theterm “principal” for purposes ofthisAgreement means anofficer,
director, owner, partner, key employee orother person with primary management or supervisory
responsibilities, oraperson who has acritical influence onorsubstantive control over the operations ofthe
Vendor.
26.2 TheVendor certifies thatithas verified thestate andfederal suspension anddebarment status for all
subcontractors receiving funds under this Agreement and shall besolely responsible forany recoupment,
penalties orcosts thatmight arisefrom useofasuspended ordebarred subcontractor. The Vendor shall
immediately notify theCity ifanysubcontractor becomes debarred orsuspended, andshall, attheCity’s
request, take allsteps required bytheCity toterminate itscontractual relationship withthe subcontractor for
worktobeperformed under this Agreement.
5
NV5 Geospatial, Inc.
Information & Communication Systems andUtilities Departments - 2025
Appropriation #1115 10143-404.02, 01-6360-06Funds; P.O. #116880, W10202
Contract NotToExceed $131,265.00
27. IRAN CERTIFICATION
Pursuant toI.C. § 5-22-16.5, the Vendor shallcertify that, insigning thisAgreement, itdoes not engage in
investment activities within the Country ofIran.
28. ADVICE OFCOUNSEL:
Theparties warrant thattheyhave read thisAgreement and understand it, have hadtheopportunity toobtain
legal advice and assistance of counsel throughout thenegotiation ofthisAgreement, andenter intosame
freely, voluntarily, andwithout anyduress, undue influence orcoercion.
29. ACCESS TOPUBLIC RECORDS ACT:
Vendor understands andagrees thatany “public record”, asthe term isdefined inIndiana Code 5-14-3-2(m),
asamended, thatisrelated tothe subject matter oftheContract, whether thesame isinthepossession or
control ofVendor orCity, shall be subject torelease under and pursuant tothe provisions ofIndiana’sAccess
toPublic Records Act, as codified inIndiana Code 5-14-3-1, etseq., asamended.
30. ENTIRE AGREEMENT:
ThisAgreement, together with anyexhibits attached hereto orreferenced herein, constitutes the entire
agreement between Vendor andCitywith respect tothesubject matter hereof, andsupersedes all priororal
orwritten representations and agreements regarding same. Notwithstanding anyotherterm orcondition set
forthherein, butsubject toparagraph 16hereof, tothe extent anyterm orcondition contained inanyexhibit
attached tothis Agreement orinany document referenced herein conflicts withany termorcondition contained
inthis Agreement, the term orcondition contained inthis Agreement shall govern andprevail. ThisAgreement
may only be modified bywritten amendment executed byboth parties hereto, ortheirsuccessors ininterest.
6
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Name of Company: Address & Zip: Telephone No.: Fax No.:
Project Name:
Invoice No.
Purchase Order No:
Person Providing Date
Goods/Services Goods/
Service
Provided
Signature
Printed Name
EXHIBIT B
Invoice
Goods/Services Provided
Describe each good/service
separately and in detail)
GRAND TOTAL
Date:
Goods
Cost Per
Item
Services
Hourly Total
Rate/
Hours
Worked
EXHIBIT C
INSURANCE COVERAGES
Worker’s Compensation & Disability Statutory Limits
Employer’s Liability:
Bodily Injury by Accident/Disease: $500,000 each employee
Bodily Injury by Accident/Disease: $500,000 each accident
Bodily Injury by Accident/Disease: $1,000,000 policy limit
Commercial General Liability (Occurrence
Basis), Bodily Injury, Personal Injury, Property
Damage, Contractual Liability, Products –
Completed Operations:
General Aggregate Limit (other than
Products/Completed Operations): $2,000,000
Products/Completed Operations: $1,000,000
Personal & Advertising Injury Limit: $500,000
Each Occurrence Limit: $1,000,000
Damage to Premises: $100,000 each occurrence
Fire Damage (any one fire): $250,000 each occurrence
Medical Expense Limit (any one person): $10,000
Auto Liability (owned, hired, and non-owned)
Bodily Single Limit: $1,000,000 each accident
Injury and Property Damage: $1,000,000 each accident
Policy Limit: $1,000,000
Umbrella/Excess Liability
Each Occurrence: $1,000,000
Aggregate: $1,000,000
Maximum Deductible: $10,000
Well 29 City of Carmel
451.7740.001
EXHIBIT F
CHANGE ORDER
Change Order No._1_____________________
Date: _June 9, 2025______________________
Contract Date:_ January 22, 2025___________
Name of Project: _______Well 29_________
Owner: ___City of Carmel, Indiana______________________________________________
Contractor: ___National Water Services, LLC______________________________________
The following changes are hereby made to the Agreement:
Description of Change in Work: __ Addition of 8 feet to reach the updated target depth___
requires deeper drilling. 10-foot stub of additional well casing is necessary to extend to the__
new bedrock depth. Installation of 5 feet of additional well screen is recommended to support
an increased yield from the saturated formation.____________________________________
• Well Drilling in Sand and Gravel – $6,800
o Unit Price – $850/LF
• Well Casing – $3,720
o Unit Price – $372/LF
• Well Screen – $3,210
o Unit Price – $642/LF
Justification:
New geological information has been made available through soil logging performed on site.
This test indicated that bedrock is approximately 8’ deeper than design elevation. In order for
the well to be designed as intended, an additional 8 feet of drilling is necessary as well as a_
larger screen and additional well casing material.___________________________________
Original Contract Price: $______848,848.00_______________
Previous Changes to Contract Price: $______N/A______________________
Current Contract Price adjusted by previous
Change Order(s): $______848,848.00_______________
The Contract Price due to this Change
Order will be increased by: $______13,730.00________________
The new Contract Price including this
Change Order will be: $______862,578.00_______________
Contract Time is Unchanged:
The date for completion of all work will be _December 2nd, 2025_______________________. (Date)
Well 29 City of Carmel
451.7740.001
Requested by: City of Carmel _________________ ___________________ (Owner) (Date)
Recommended by: ______________________________ _ June 9, 2025________ (Consulting Engineer) (Date)
Accepted by:___________________________________ ___________________ (Contractor) (Date)
Approved and Adopted this _____ day of ____________, 20 ___.
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
BY:
__________________________________________
Laura Campbell, Presiding Officer
Date: _____________________________________
__________________________________________
James Barlow, Member
Date: _____________________________________
__________________________________________
Alan Potasnik, Member
Date: _____________________________________
ATTEST:
__________________________________________
Jacob Quinn, Clerk
Date: _____________________________________
June 10, 2025
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ŶŐŝŶĞĞƌ͗ ŵĞƌŝĐĂŶ^ƚƌƵĐƚƵƌĞƉŽŝŶƚ͕/ŶĐ͘ ŶŐŝŶĞĞƌ͛ƐWƌŽũĞĐƚEŽ͗͘ ϮϬϭϴ͘ϬϮϬϲϭ
ŽŶƚƌĂĐƚŽƌ͗ DĂĚĚŽdž/ŶĚƵƐƚƌŝĂů>> ŽŶƚƌĂĐƚŽƌ͛ƐWƌŽũĞĐƚEŽ͗͘ ^ϮϬϮϯͲϬϱ
WƌŽũĞĐƚ͗ ŝƚLJŽĨĂƌŵĞůtĂƐƚĞǁĂƚĞƌWůĂŶƚŝŐĞƐƚĞƌ'ĂƐWŝƉŝŶŐZĞƉůĂĐĞŵĞŶƚWƌŽũĞĐƚ
ŽŶƚƌĂĐƚEĂŵĞ͗
ĂƚĞ/ƐƐƵĞĚ͗ ϬϲͬϭϵͬϮϬϮϱ ĨĨĞĐƚŝǀĞĂƚĞŽĨŚĂŶŐĞKƌĚĞƌ͗ ĂƚĞŽĨůĂƐƚƐŝŐŶĂƚƵƌĞ
dŚĞŽŶƚƌĂĐƚŝƐŵŽĚŝĨŝĞĚĂƐĨŽůůŽǁƐƵƉŽŶĞdžĞĐƵƚŝŽŶŽĨƚŚŝƐŚĂŶŐĞKƌĚĞƌ͗
ĞƐĐƌŝƉƚŝŽŶ͗
ϭ͘dŚĞŽŶƚƌĂĐƚŽƌŚĂƐƌĞƋƵĞƐƚĞĚĂƚŝŵĞĞdžƚĞŶƐŝŽŶƌĞƋƵĞƐƚƚŽĐŽŵƉůĞƚĞƚŚĞƉƌŽũĞĐƚĂƐĚĞƐĐƌŝďĞĚ
ďĞůŽǁ͗
ŝ͘^ƵďƐƚĂŶƚŝĂůŽŵƉůĞƚŝŽŶ͗
Ă͘ƚŝŵĞĞdžƚĞŶƐŝŽŶŽĨĂŶĂĚĚŝƚŝŽŶĂůϭϬǁĞĞŬƐŝƐƌĞƋƵĞƐƚĞĚĨŽƌƐƵďƐƚĂŶƚŝĂůĐŽŵƉůĞƚŝŽŶĚƵĞ
ƚŽŵƵůƚŝƉůĞǁĞĂƚŚĞƌĚĞůĂLJƐĐĂƵƐŝŶŐĂƉƵƐŚďĂĐŬŽŶƉĂŝŶƚŝŶŐŝŶŝŐĞƐƚĞƌϯ͕ĂŶĚϳǁĞĞŬƐŽĨ
ůĞĂĚƚŝŵĞĨŽƌƚŚĞŶĞǁŐĂƐƉĂŶĞůƐĞŶƐŽƌƐ͘dŚĞŶĞǁƐƵďƐƚĂŶƚŝĂůĐŽŵƉůĞƚŝŽŶĚĂƚĞ
ŝŶĐŽƌƉŽƌĂƚŝŶŐƚŚŝƐƌĞƋƵĞƐƚŝƐϬϴͬϬϰͬϮϬϮϱ͘
ď͘dŚĞKǁŶĞƌĞdžƉĞĐƚĂƚŝŽŶĨŽƌƐƵďƐƚĂŶƚŝĂůĐŽŵƉůĞƚŝŽŶŝƐĂůůǁŽƌŬĐŽŵƉůĞƚĞĚĂŶĚĂůů
ĞƋƵŝƉŵĞŶƚŝŶŽƉĞƌĂƚŝŽŶƉĞƌƚŚĞĐŽŶƚƌĂĐƚĞdžĐĞƉƚĨŽƌƚŚĞƌĞŵĂŝŶŝŶŐĞƉŽdžLJŝŶũĞĐƚŝŽŶǁŽƌŬ
ƚŚĂƚŝƐƚŽďĞĐŽŵƉůĞƚĞĚďLJ&ŝŶĂůŽŵƉůĞƚŝŽŶ͘
Đ͘ŽŶƚƌĂĐƚŽƌƚŽƉƌŽǀŝĚĞƚŚĞǁĂƌƌĂŶƚLJĚŽĐƵŵĞŶƚƐƚŽƚŚĞKǁŶĞƌďLJƚŚĞƐƵďƐƚĂŶƚŝĂů
ĐŽŵƉůĞƚŝŽŶĚĂƚĞ;ϬϴͬϬϰͬϮϬϮϱͿ͘/ŶĐĂƐĞŽĨĚĞĨŝĐŝĞŶĐLJ͕ƚŚĞ>ŝƋƵŝĚĂƚĞĚĂŵĂŐĞƐĐůĂƵƐĞƉĞƌ
ƚŚĞŽŶƚƌĂĐƚŽĐƵŵĞŶƚƐŵĂLJŐŽŝŶĞĨĨĞĐƚĨŽƌĞǀĞƌLJĚĂLJĨŽůůŽǁŝŶŐƐƵďƐƚĂŶƚŝĂůĐŽŵƉůĞƚŝŽŶ
ƵŶƚŝůĂůůƚŚĞǁĂƌƌĂŶƚLJĚŽĐƵŵĞŶƚƐĂƌĞƌĞĐĞŝǀĞĚ͘dŚĞǁĂƌƌĂŶƚLJƉĞƌŝŽĚĨŽƌƐŽŵĞŽĨƚŚĞ
ĞƋƵŝƉŵĞŶƚŚĂƐĂůƌĞĂĚLJƐƚĂƌƚĞĚƉĞƌƚŚĞĐŽŶƚƌĂĐƚĂŶĚƚŚĞǁĂƌƌĂŶƚLJƉĞƌŝŽĚĨŽƌĂůůƚŚĞ
ƌĞŵĂŝŶŝŶŐĞƋƵŝƉŵĞŶƚƐŚĂůůďĞŐŝŶŽŶϬϴͬϬϰͬϮϬϮϱ͘
ŝŝ͘&ŝŶĂůŽŵƉůĞƚŝŽŶ͗
Ă͘dŚĞŶĞǁĨŝŶĂůĐŽŵƉůĞƚŝŽŶĚĂƚĞŝŶĐŽƌƉŽƌĂƚŝŶŐƚŚŝƐĐŚĂŶŐĞŽƌĚĞƌŝƐϬϵͬϬϯͬϮϬϮϱ͘
ď͘dŚĞKǁŶĞƌĞdžƉĞĐƚĂƚŝŽŶĨŽƌĨŝŶĂůĐŽŵƉůĞƚŝŽŶŝƐĂůůǁŽƌŬĐŽŵƉůĞƚĞĚĂŶĚĂůůĞƋƵŝƉŵĞŶƚŝŶ
ŽƉĞƌĂƚŝŽŶƉĞƌƚŚĞĐŽŶƚƌĂĐƚŝŶĐůƵĚŝŶŐƚŚĞƌĞŵĂŝŶŝŶŐĞƉŽdžLJĐŽĂƚŝŶŐǁŽƌŬ͘
Ϯ͘tĂƌƌĂŶƚLJĨŽƌsĂƌĞĐƋƵŝƉŵĞŶƚ
ŝ͘ϱͲLJĞĂƌǁĂƌƌĂŶƚLJŝƐƌĞƋƵŝƌĞĚĨŽƌĂůůsĂƌĞĐĞƋƵŝƉŵĞŶƚƉĞƌ^ƉĞĐŝĨŝĐĂƚŝŽŶ^ĞĐƚŝŽŶ
ϰϲϳϯϭϵWĂƌƚϭ͘ϭϬĨŽƌƚŚĞWƌŽũĞĐƚDĂŶƵĂů͘dŚĞŽŶƚƌĂĐƚŽƌŚĂƐƉƌŽƉŽƐĞĚƚŽƉƌŽǀŝĚĞĂ
ĚĞĚƵĐƚŝŶƚŚĞĐŽŶƚƌĂĐƚƉƌŝĐĞĨŽƌƚŚŝƐŝƚĞŵ͘dŚĞƋƵŽƚĞĨŽƌΨϯϯ͕ϴϵϲ͘ϬϬĨƌŽŵsĂƌĞĐŝƐ
ĂƚƚĂĐŚĞĚĂƐƚƚĂĐŚŵĞŶƚϮ͘dŚĞŝƚLJǁŝůůƚĂŬĞƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌďƵLJŝŶŐƚŚĞǁĂƌƌĂŶƚLJ
ĨƌŽŵsĂƌĞĐ͘
ϯ͘ƚƚĂĐŚŵĞŶƚƐ͗
ŝ͘ƚƚĂĐŚŵĞŶƚϭͲdŝŵĞdžƚĞŶƐŝŽŶZĞƋƵĞƐƚ
ŝŝ͘ƚƚĂĐŚŵĞŶƚϮʹsĂƌĞĐtĂƌƌĂŶƚLJYƵŽƚĞ
TIME AND MATERIAL TICKET
Change Order
Maddox Industrial LLC. 5906 S. Harding St. Indianapolis, IN. 46217
Customer Name:Job Number
Address:Owner Contract No.: #
Date:
Project Name:Eng. Project No.:
Location:Foreman Name:
Discription of Changes
TOTALS
Material, Consumables & Sub-Contractors Unit Cost/Unit
58.00$
Mileage: 0% -$
5K Telehandler Forklift (Monthly) 0 1,650.00$
Tax:0%
Totals
187.50$
-$
LABOR - ON SITE (DAVIS BACON WAGES)
-$
APPRENTICE 58.00$
OVERTIME
RATE
EXTENDED
TOTALS
We would like to request the following items be placed into this catagorey epoxy injection and instalation of the Maxon Valve with has a lead
116.00$
116.00$
156.00$
extension of 10 weeks to allow for this.
We have received multiple weather delays resulting in the painting of Digester 3 being pushed back combinded with the lead time of 7
weeks for the new gas panel sensors. This will also delay punchlist and other items. Including instalation we would like to request an extension
250.00$
-$
MATERIALS, CONSUMABLES & SUB-CONTRACTORS
PROJECT MANAGER 125.00$
DRIVER
Time extension Request for Substantial Completion
87.00$ -$
LABOR - OFF SITE
CLASSIFICATION HOURS
WORKED
REGULAR
RATE
87.00$ -$
GENERAL FOREMAN 78.00$ -$
JOURNEYMAN 74.00$
American Structurepoint Inc. DSE2023-05-4220
9025 River Road Suite 200
-$
117.00$
Indianapolis, IN 46240
Carmel, Indiana J. Haste
OT HOURS
WORKED
DT HOURS
WORKED
111.00$
5/8/2025
2018.02061
lead time of "7+ Months" as stated by the manufacture. We would like to request 8 month extension to allow for delivery and instalation.
148.00$
DOUBLE TIME RATE
Time extension Request for Final Completion
Digester Gas Piping Replacment Project
Total
-$ -$
-$ -$
-$
Totals -$
Invoice Summary
Total Labor -$
-$
SCBA Rental (monthly)0920.00$ -$
15% Mark-Up: 0.15 -$ -$
-$
Total Equipment -$
-$
Rental or Owned Equipment
Equipment Description Unit Cost/Unit Total
Confined Space Equipment & Truck (monthly) 0 2,200.00$ -$
Total Material -$
15% Mark-Up :0.15 -$ -$
-$
CLASSIFICATION HOURS
WORKED
REGULAR
RATE
OT HOURS
WORKED
OVERTIME
RATE
DT HOURS
WORKED DOUBLE TIME RATE EXTENDED
TOTALS
GENERAL FOREMAN 124.00$ 186.00$ 248.00$ -$
JOURNEYMAN 120.00$ 180.00$ 240.00$ -$
APPRENTICE 104.00$ 156.00$ 208.00$ -$
TOTALS -$
DRIVER 104.00$ 156.00$ 208.00$ -$
PROJECT MANAGER 125.00$ 187.50$ 250.00$ -$
Attachment 1
Maxon Valve has been
received
TIME AND MATERIAL TICKET
Travel Cost
Per-diem
Total Due This Invoice -$ Approved X:
:ƵŶĞϭϴ͕ϮϬϮϱ
ƚƚĞŶƚŝŽŶ͗ :ŽĚƌĂŶ<ůĞŝŶƐŵŝƚŚ
ŽŵƉĂŶLJ͗ ŝƚLJŽĨĂƌŵĞůttdW
>ŽĐĂƚŝŽŶ͗ ϵϲϬϵ,ĂnjĞůĞůůWŬǁLJ
/ŶĚŝĂŶĂƉŽůŝƐ͕/EϰϲϮϴϬ
ͲŵĂŝů͗ ũŬůĞŝŶƐŵŝƚŚΛĐĂƌŵĞů͘ŝŶ͘ŐŽǀ
^ƵďũĞĐƚ͗ sĂƌĞĐŝŽŐĂƐ&ŝĞůĚ^ĞƌǀŝĐĞWƌŽƉŽƐĂů
ĞĂƌ:ŽƌĚĂŶ͕
tĞ ĂƌĞ ƉůĞĂƐĞĚ ƚŽ ŽĨĨĞƌ ƚŚĞ ĨŽůůŽǁŝŶŐ ƉƌŽƉŽƐĂů ĨŽƌ ŶŶƵĂů WƌĞǀĞŶƚĂƚŝǀĞ DĂŝŶƚĞŶĂŶĐĞ͕ ĞdžƚĞŶĚŝŶŐ LJŽƵƌ
tĂƌƌĂŶƚLJĨŽƌĂƉĞƌŝŽĚŽĨϱLJĞĂƌƐ͘
WZ//E'
ϭ ϭϲ ^ĞƌǀŝĐĞ,ŽƵƌƐKŶͲ^ŝƚĞ;ϭͿsĂƌĞĐ
ŝŽŐĂƐ^ĞƌǀŝĐĞŶŐŝŶĞĞƌ Ψϭϲϱ͘ϬϬ ΨϮ͕ϲϰϬ͘ϬϬ
Ϯ ϭϲ ,ŽƵƌƐZͬddƌĂǀĞůdŝŵĞ;ϭͿsĂƌĞĐ
ŝŽŐĂƐ^ĞƌǀŝĐĞŶŐŝŶĞĞƌ ΨϭϮϬ͘ϬϬ Ψϭ͕ϵϮϬ͘ϬϬ
ϯ ϭ ZͬdŝƌĨĂƌĞн>ƵŐŐĂŐĞΨϳϬϬ͘ϬϬ ΨϳϬϬ͘ϬϬ
ϰ ϭ ZͬdDŝůĞĂŐĞнdŽůůƐƚŽŝƌƉŽƌƚΨϭϬϬ͘ϬϬ ΨϭϬϬ͘ϬϬ
ϱ ϯ ,ŽƚĞů Ψϭϳϱ͘ϬϬ ΨϱϮϱ͘ϬϬ
ϲ ϰ ZĞŶƚĂůĂƌнĨƵĞů ΨϭϮϱ͘ϬϬ ΨϱϬϬ͘ϬϬ
ϳ ϰ WĞƌŝĞŵ ΨϭϬϬ͘ϬϬ ΨϰϬϬ͘ϬϬ
ϴ ϰ ŝƌƉŽƌƚWĂƌŬŝŶŐ ΨϮϱ͘ϬϬ ΨϭϬϬ͘ϬϬ
ϵ ϭ DŝƐĐ^ƵƉƉůŝĞƐΨϳϱ͘ϬϬ Ψϳϱ͘ϬϬ
ϭϬ ϭ ^ŽĨƚ'ŽŽĚƐŶĞĞĚĞĚĨŽƌWD Ψϭ͕ϱϭϰ͘ϬϬ Ψϭ͕ϱϭϰ͘ϬϬ
ϭϭ
ϭϮ ϰŽƐƚWĞƌzĞĂƌ Ψϴ͕ϰϳϰ͘ϬϬ Ψϯϯ͕ϴϵϲ͘ϬϬ
ϭϯ
ϭϰ
dŽƚĂůWƌŝĐĞ Ψϯϯ͕ϴϵϲ͘ϬϬ
sĂƌĞĐŝŽŐĂƐƐĐŽƉĞŽĨƌĞƐƉŽŶƐŝďŝůŝƚLJŝƐůŝŵŝƚĞĚƚŽƚŚĞĞƋƵŝƉŵĞŶƚƚŚĂƚŝƚƐƵƉƉůŝĞƐĂŶĚŝƚƐĂďŝůŝƚLJ
ƚŽŵĞĞƚƚŚĞĂŐƌĞĞĚƵƉŽŶƉƌŽũĞĐƚƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͘hŶůĞƐƐĞdžƉƌĞƐƐůLJƐƚĂƚĞĚŝŶŝƚƐƉƌŽƉŽƐĂů
WƌŽƉŽƐĂůEŽ͘ϮϭϯϮϱ
sĂƌĞĐŝŽŐĂƐ
ŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>
ϭϮϱϴϲWĂůĂƉĂ>ŽŽƉ
^ƉƌŝŶŐ,ŝůů͕&>ϯϰϲϭϵ
Ɖ͗ϯϬϮͲϮϯϬͲϲϴϭϮ
Attachment 2
WZKWK^>EK͘ϮϭϮϮϱ
sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ͮϭϱϬϲϭ^ƉƌŝŶŐĚĂůĞ^ƚ͘ηϮϭϬ,ƵŶƚŝŶŐƚŽŶĞĂĐŚ͕ϵϮϲϰϵh^/dĞů͗ϴϲϲ͘ϰ͘/K'^/ǁǁǁ͘ǀĂƌĞĐͲďŝŽŐĂƐ͘ĐŽŵ
KE&/Ed/> WĂŐĞͮϮ
ĚŽĐƵŵĞŶƚ͕sĂƌĞĐŝŽŐĂƐŝƐŶŽƚƌĞƐƉŽŶƐŝďůĞĨŽƌĂƚƌĞĂƚŵĞŶƚƉůĂŶƚ͛ƐƉƌŽĐĞƐƐƉĞƌĨŽƌŵĂŶĐĞ͕
ĞŶŐŝŶĞĞƌŝŶŐĚĞĐŝƐŝŽŶƐŝŶƌĞůĂƚŝŽŶƚŽƚŚĞƉůĂŶƚ͛ƐĐŽŶƐƚƌƵĐƚŝŽŶŽƌŽƉĞƌĂƚŝŽŶŶŽƌƚŚĞ
ĂƉƉƌŽƉƌŝĂƚĞŶĞƐƐŽƌĐŽŵƉĂƚŝďŝůŝƚLJŽĨsĂƌĞĐŝŽŐĂƐ͛ĞƋƵŝƉŵĞŶƚǁŝƚŚŝŶƐƵĐŚƉůĂŶƚ͘
sĂƌĞĐŝŽŐĂƐƐĞƌǀŝĐĞƐŝŶĐůƵĚĞƚŚĞĨŽůůŽǁŝŶŐ͗
ϭ͘^ŝƚĞ/ŶƐƉĞĐƚŝŽŶZĞƉŽƌƚ
͘dŚĞƐŝƚĞŝŶƐƉĞĐƚŝŽŶƌĞƉŽƌƚǁŝůůďĞĂƌĞǀŝĞǁŽĨƚŚĞĞŶƚŝƌĞĚŝŐĞƐƚĞƌŐĂƐƚƌĂŝŶĂŶĚǁŝůůŝŶĐůƵĚĞƚŚĞ
ĨŽůůŽǁŝŶŐ͗
Ă͘ZĞĐŽŵŵĞŶĚĂƚŝŽŶƐŽŶƉƌŽƉĞƌŝŶƐƚĂůůĂƚŝŽŶŽĨƚŚĞŐĂƐƐĂĨĞƚLJĞƋƵŝƉŵĞŶƚ͘
ď͘ZĞĐŽŵŵĞŶĚĂƚŝŽŶƐŽŶĂŶLJƉƌŽƉŽƐĞĚƵƉŐƌĂĚĞƐ͕ƌĞŚĂďŝůŝƚĂƚŝŽŶͬƌĞƉĂŝƌ͕ŽƌƌĞƉůĂĐĞŵĞŶƚŽĨƚŚĞ
ĞdžŝƐƚŝŶŐŐĂƐƐĂĨĞƚLJĞƋƵŝƉŵĞŶƚ͘
Đ͘/ƚǁŝůůŝŶĐůƵĚĞƉŚŽƚŽƐŽĨƚŚĞŝŶƐƚĂůůĞĚĞƋƵŝƉŵĞŶƚĂŶĚĂŶĞdžƉůĂŶĂƚŝŽŶŽĨŝƚƐĐƵƌƌĞŶƚƐĞƌǀŝĐĞ͘
͘dŚĞƐŝƚĞŝŶƐƉĞĐƚŝŽŶƌĞƉŽƌƚǁŝůůŶŽƚŝŶĐůƵĚĞĚĞƚĂŝůĞĚĚƌĂǁŝŶŐƐŽĨƚŚĞĂĐƚƵĂůƉůĂŶƚůĂLJŽƵƚŽƌƐĞƚͲƵƉ͘
Ϯ͘WƌĞǀĞŶƚĂƚŝǀĞDĂŝŶƚĞŶĂŶĐĞŽĨƚŚĞĨŽůůŽǁŝŶŐsĂƌĞĐĞƋƵŝƉŵĞŶƚ͘^ƉĂƌĞƉĂƌƚƐƌĞƋƵŝƌĞĚƚŽƉĞƌĨŽƌŵƚŚĞ
ŵĂŝŶƚĞŶĂŶĐĞƐŚĂůůďĞŝŶĐůƵĚĞĚŽŶƚŚĞŝŶǀŽŝĐĞ͘
ϯ͘ĂƌŵĞůttdWŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌƉƌŽǀŝĚŝŶŐƐĂĨĞĂĐĐĞƐƐĂŶĚĂƐĂĨĞǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚĨŽƌƚŚĞsĂƌĞĐ
ŝŽŐĂƐŶŐŝŶĞĞƌ;ƐͿ͘
ϰ͘sĂƌĞĐŝŽŐĂƐŶŐŝŶĞĞƌǁŝůůŝŶƐƉĞĐƚ͕ƉĞƌĨŽƌŵŵĂŝŶƚĞŶĂŶĐĞĂŶĚƌĞƉůĂĐĞƐŽĨƚŐŽŽĚƐŽŶsĂƌĞĐŝŽŐĂƐ
ĞƋƵŝƉŵĞŶƚĨŽƵŶĚĂƚLJŽƵƌƐŝƚĞ͘
ϱ͘/ĨLJŽƵǁŽƵůĚůŝŬĞƚŽƉůĂĐĞĂŶŽƌĚĞƌ͕ƉůĞĂƐĞĨŽƌǁĂƌĚĂWK;ǁŝƚŚďŝůůŝŶŐĂŶĚƐŚŝƉƉŝŶŐĂĚĚƌĞƐƐͿƐŽǁĞĐĂŶ
ŽƌĚĞƌƚŚĞƌĞƋƵŝƌĞĚƉĂƌƚƐƚŽĐŽŵƉůĞƚĞƚŚŝƐũŽď͕ŽŶĐĞƉĂƌƚƐĂƌĞƌĞĐĞŝǀĞĚŝŶŚĂŶĚ͕sĂƌĞĐŝŽŐĂƐǁŝůů
ƐĐŚĞĚƵůĞĂĚĂƚĞϭLJĞĂƌĂĨƚĞƌŽĨĨŝĐŝĂů^ƚĂƌƚƵƉ͘
ϭϵϳϮϳͲϬϰϲ;ϲ͟ͿϱϬϬϬ&ůĂŵĞƌƌĞƐƚĞƌŽǀĞƌ'ĂƐŬĞƚ ΨϭϬϬ ΨϮϬϬ
ϭϯϵϯϭͲϬϰϲ;ϲ͟ͿZĞŐƵůĂƚŽƌŽŶŶĞĐƚŽƌ'ĂƐŬĞƚ Ψϯϯ Ψϯϯ
ϭϭϬϲϴͲϬϲϭdŚĞƌŵĂů&ƵƐĞ Ψϱϯ Ψϱϯ
ϮWϮϳͲϴϲDĂŶŽŵĞƚĞƌKŝů Ψϭϵϭ ΨϯϴϮ
ϯϭϴϱϲͲϬϰϲ;ϲ͟ͿŚĞĐŬsĂůǀĞŽǀĞƌ'ĂƐŬĞƚ Ψϱϳ Ψϭϳϭ
ϭϱϭϳϲϳͲϬϳϱDĂŶƵĂůƌŝƉdƌĂƉŽǀĞƌ'ĂƐŬĞƚ ΨϮϭ Ψϯϭϱ
ϯϬWϭϰͲϰϬƌŝƉdƌĂƉKZŝŶŐΨϴ ΨϮϰϬ
ϭϱWϭϰͲϱϬƌŝƉdƌĂƉ^ŚĂĨƚKZŝŶŐΨϴ ΨϭϮϬ
dŽƚĂů Ψϭϱϭϰ͘ϬϬ
WůĞĂƐĞĐŽŶƚĂĐƚƚŚĞĨŽůůŽǁŝŶŐƉĞƌƐŽŶƚŽƐĐŚĞĚƵůĞƚŚĞƐŝƚĞƐƵƌǀĞLJ͗
:ĞƐƐĞzĂƌƌƵƐƐŽ
ũĞƐƐĞ͘LJĂƌƌƵƐƐŽΛŽǀŝǀŽǁĂƚĞƌ͘ĐŽŵ
ϯϬϮͲϮϯϬͲϲϴϭϮ
^Z/Wd/KEK&^Zs/^
sĂƌĞĐŝŽŐĂƐǁŝůůƐƵƉƉůLJƚŚĞƐĞƌǀŝĐĞŽĨĂĐŽŵƉĞƚĞŶƚĨŝĞůĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞƚŽƉƌŽǀŝĚĞƚŚĞƐĞƌǀŝĐĞƐŶŽƚĞĚĂďŽǀĞ͘
WZKWK^>EK͘ϮϭϮϮϱ
sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ͮϭϱϬϲϭ^ƉƌŝŶŐĚĂůĞ^ƚ͘ηϮϭϬ,ƵŶƚŝŶŐƚŽŶĞĂĐŚ͕ϵϮϲϰϵh^/dĞů͗ϴϲϲ͘ϰ͘/K'^/ǁǁǁ͘ǀĂƌĞĐͲďŝŽŐĂƐ͘ĐŽŵ
KE&/Ed/> WĂŐĞͮϯ
EŽƚǁŝƚŚƐƚĂŶĚŝŶŐsĂƌĞĐŝŽŐĂƐ͛ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞĂďŽǀĞͲƌĞĨĞƌĞŶĐĞĚƐĞƌǀŝĐĞƐ͕sĂƌĞĐŝŽŐĂƐƐŚĂůůŶŽƚďĞŚĞůĚ
ůŝĂďůĞĨŽƌĂŶLJĨĂƵůƚLJǁŽƌŬŵĂŶƐŚŝƉŽƌŽƚŚĞƌĚĞĨĞĐƚƐŝŶƚŚĞWƌŽĚƵĐƚƐ͛ŝŶƐƚĂůůĂƚŝŽŶ͕ŽƌĨŽƌŽƚŚĞƌŐŽŽĚƐĂŶĚͬŽƌ
ƐĞƌǀŝĐĞƐ͕ƉĞƌĨŽƌŵĞĚďLJƚŚŝƌĚƉĂƌƚŝĞƐƵŶůĞƐƐƐƵĐŚŐŽŽĚƐĂŶĚͬŽƌƐĞƌǀŝĐĞƐĂƌĞĞdžƉƌĞƐƐůLJŝŶĐůƵĚĞĚƵŶĚĞƌsĂƌĞĐ
ŝŽŐĂƐƐĐŽƉĞŽĨǁŽƌŬ͘
ϭ͘dŚĞǀĂůƵĞƋƵŽƚĞĚŝƐĂůůͲŝŶĐůƵƐŝǀĞ͘͞EŽƚƚŽdžĐĞĞĚ͟ŝŶǀŽŝĐĞƐǁŝůůŝŶĐůƵĚĞďƌĞĂŬĚŽǁŶŽĨĞdžƉĞŶƐĞƐ͕ĂŶĚĂƌĞ
ƉŽƌƚĂůƚŽƉŽƌƚĂů͘džƉĞŶƐĞƐĂƌĞĐŚĂƌŐĞĚĂƚĂĐƚƵĂůĐŽƐƚƉůƵƐϭϬй͕ƚŽŝŶĐůƵĚĞ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽĂŝƌĨĂƌĞ͕ƌĞŶƚĂů
ĐĂƌ͕ŚŽƚĞů͘
Ϯ͘sĂƌĞĐŝŽŐĂƐƌĞƋƵŝƌĞƐĂŵŝŶŝŵƵŵŽĨƚŚƌĞĞͲǁĞĞŬĂĚǀĂŶĐĞĚŶŽƚŝĨŝĐĂƚŝŽŶƉƌŝŽƌƚŽƚŚĞƌĞƋƵŝƌĞĚŽŶƐŝƚĞĚĂƚĞ͘
sĂƌĞĐƐĞƌǀŝĐĞƉĞƌƐŽŶŶĞůĂƌĞŬĞĚŽŶĂĨŝƌƐƚĐŽŵĞͲĨŝƌƐƚƐĞƌǀĞďĂƐŝƐĂŶĚƐƵďũĞĐƚƚŽĂǀĂŝůĂďŝůŝƚLJ͘
ϯ͘&ŝĞůĚƐĞƌǀŝĐĞǁŝůůďĞƐĐŚĞĚƵůĞĚƵƉŽŶsĂƌĞĐŝŽŐĂƐƌĞĐĞŝƉƚŽĨƐŝŐŶĞĚĨŽƌŵĂůĐŽŶƐĞŶƚĂŶĚŽƵƌƐĞƌǀŝĐĞ
ĞŶŐŝŶĞĞƌŚĂƐƋƵĂůŝĨŝĞĚƚŚĞĞƋƵŝƉŵĞŶƚŝŶƐƚĂůůĂƚŝŽŶƉƌŝŽƌƚŽƚŚĞƐĐŚĞĚƵůĞĚǀŝƐŝƚ͘dŚŝƐŝŶĐůƵĚĞƐ͕ďƵƚŝƐŶŽƚ
ůŝŵŝƚĞĚƚŽ͕ĐŽŶƚƌĂĐƚŽƌͲƐƵƉƉůŝĞĚǁŝƌŝŶŐĂŶĚƉŝƉŝŶŐĨŽƌƚŚĞĞƋƵŝƉŵĞŶƚƉƵƌĐŚĂƐĞĚ͕ǁŚĞŶĂŶĚŝĨĂƉƉůŝĐĂďůĞ͘
ϰ͘dŚĞWƵƌĐŚĂƐĞƌŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌĐŽŽƌĚŝŶĂƚŝŶŐǁŝƚŚƚŚĞKǁŶĞƌĨŽƌƚŚĞƌĞƋƵŝƌĞĚƚƌĂŝŶŝŶŐƐĐŚĞĚƵůĞĂŶĚĨŽƌ
ĐŽŵƉůLJŝŶŐǁŝƚŚĂůůŵŝůĞƐƚŽŶĞƐĐŚĞĚƵůĞƐŽƌĚĂƚĞƐ͘
ϱ͘sĂƌĞĐŝŽŐĂƐƌĞƋƵŝƌĞƐƚǁŽͲǁĞĞŬĂŶĐĞůůĂƚŝŽŶŶŽƚŝĐĞĨŽƌƐĐŚĞĚƵůĞĚƐĞƌǀŝĐĞĂŶĚƐŚĂůůďĞƐƵďũĞĐƚƚŽĐŚĂƌŐĞƐ
ĨŽƌĂŶLJĐŽƐƚŝŶĐƵƌƌĞĚƉůƵƐϭϬйĂĚŵŝŶŝƐƚƌĂƚŝǀĞĨĞĞƐ͘
ϲ͘/ĨĂĚĚŝƚŝŽŶĂůƐĞƌǀŝĐĞŝƐƌĞƋƵŝƌĞĚ͕ŝƚǁŝůůďĞĨƵƌŶŝƐŚĞĚƚŽƚŚĞWƵƌĐŚĂƐĞƌĂŶĚďŝůůĞĚƚŽŚŝŵĂƚƚŚĞĐƵƌƌĞŶƚƌĂƚĞ
ĨŽƌĞĂĐŚĂĚĚŝƚŝŽŶĂůĚĂLJƌĞƋƵŝƌĞĚ͕ƉůƵƐƚƌĂǀĞůĂŶĚůŽĚŐŝŶŐĞdžƉĞŶƐĞƐŝŶĐƵƌƌĞĚďLJƚŚĞƐĞƌǀŝĐĞƉĞƌƐŽŶŶĞů
ĚƵƌŝŶŐƚŚĞĂĚĚŝƚŝŽŶĂůƐĞƌǀŝĐĞĚĂLJƐ͘
ϳ͘/ƚƐŚĂůůďĞƚŚĞWƵƌĐŚĂƐĞƌΖƐƌĞƐƉŽŶƐŝďŝůŝƚLJƚŽƉƌŽǀŝĚĞĨŽƌĂůůŶĞĐĞƐƐĂƌLJůƵďƌŝĐĂƚŝŽŶŽĨĂůůĞƋƵŝƉŵĞŶƚƉƌŝŽƌƚŽ
ƉůĂĐŝŶŐĞƋƵŝƉŵĞŶƚŝŶŽƉĞƌĂƚŝŽŶ͘ůůĞƋƵŝƉŵĞŶƚŵƵƐƚďĞŝŶŽƉĞƌĂƚŝŶŐĐŽŶĚŝƚŝŽŶĂŶĚƌĞĂĚLJĨŽƌƚŚĞ&ŝĞůĚ
^ĞƌǀŝĐĞŶŐŝŶĞĞƌǁŚĞŶĐĂůůĞĚƚŽƚŚĞƉƌŽũĞĐƚůŽĐĂƚŝŽŶ͘^ŚŽƵůĚƚŚĞWƵƌĐŚĂƐĞƌͬKǁŶĞƌŶŽƚďĞƌĞĂĚLJǁŚĞŶ
ƚŚĞ&ŝĞůĚ^ĞƌǀŝĐĞŶŐŝŶĞĞƌŝƐƌĞƋƵĞƐƚĞĚŽƌŝĨĂĚĚŝƚŝŽŶĂůƐĞƌǀŝĐĞŝƐƌĞƋƵĞƐƚĞĚ͕ƚŚĞsĂƌĞĐŝŽŐĂƐĐƵƌƌĞŶƚ
ƐĞƌǀŝĐĞƌĂƚĞƐǁŝůůĂƉƉůLJĨŽƌĞĂĐŚĂĚĚŝƚŝŽŶĂůĚĂLJƌĞƋƵŝƌĞĚ͕ƉůƵƐƚƌĂǀĞůĂŶĚůŽĚŐŝŶŐĞdžƉĞŶƐĞƐŝŶĐƵƌƌĞĚďLJƚŚĞ
ƐĞƌǀŝĐĞƉĞƌƐŽŶŶĞůĚƵƌŝŶŐƚŚĞĂĚĚŝƚŝŽŶĂůƐĞƌǀŝĐĞĚĂLJƐ͘
>/sZz
ϭ͘sĂƌĞĐŝŽŐĂƐŝŶƚĞŶĚƐ͗
͘ƋƵŝƉŵĞŶƚƌĞĂĚLJĨŽƌƐŚŝƉŵĞŶƚ͗ϮϮͲϮϰǁĞĞŬƐĂĨƚĞƌƌĞĐĞŝƉƚŽĨĚƌĂǁŝŶŐĂƉƉƌŽǀĂůĨƌŽŵĐƵƐƚŽŵĞƌŽƌ
ĨƌŽŵƉƵƌĐŚĂƐĞŽƌĚĞƌĂĐĐĞƉƚĂŶĐĞ͘
͘^ƉĂƌĞWĂƌƚƐƌĞĂĚLJĨŽƌƐŚŝƉŵĞŶƚ͗ϭϮͲϭϰǁĞĞŬƐĂĨƚĞƌƌĞĐĞŝƉƚŽĨĂĨƚĞƌƌĞĐĞŝƉƚŽĨĚƌĂǁŝŶŐĂƉƉƌŽǀĂů
ĨƌŽŵĐƵƐƚŽŵĞƌŽƌĨƌŽŵƉƵƌĐŚĂƐĞŽƌĚĞƌĂĐĐĞƉƚĂŶĐĞ͘
ƋƵŝƉŵĞŶƚ ĂŶĚ ƐƉĂƌĞ ƉĂƌƚƐ ƐŚŝƉ ĨƌŽŵ ^ƚĂĨĨŽƌĚ͕ dy͘ &Žƌ ĚŽŵĞƐƚŝĐƐŚŝƉŵĞŶƚƐ͕ ƉůĞĂƐĞ ĂůůŽǁ
ĂƉƉƌŽdžŝŵĂƚĞůLJϭǁĞĞŬĨŽƌƚƌĂŶƐŝƚƚŝŵĞ͘
Ϯ͘/ŶƐƚĂůůĂƚŝŽŶ͕KƉĞƌĂƚŝŽŶĂŶĚDĂŝŶƚĞŶĂŶĐĞ;/KDͿDĂŶƵĂůƐǁŝůůďĞŝŶĐůƵĚĞĚǁŚĞŶƌĞƋƵĞƐƚĞĚŝŶƚŚĞƉƵƌĐŚĂƐĞ
ŽƌĚĞƌ͘
ϯ͘&ƌĞŝŐŚƚĐŚĂƌŐĞƐĂƌĞŶŽƚŝŶĐůƵĚĞĚĂŶĚǁŝůůďĞĂĚĚĞĚƚŽƚŚĞŝŶǀŽŝĐĞĂƐĂƉƉůŝĐĂďůĞ͘
ϰ͘dŚĞĞƋƵŝƉŵĞŶƚŽƌƐƉĂƌĞƉĂƌƚƐŽĨĨĞƌĞĚĂƌĞƉƌŽǀŝĚĞĚŝŶƐƚĂŶĚĂƌĚĚŽŵĞƐƚŝĐƉĂĐŬĂŐŝŶŐĂŶĚĂƌĞŶŽƚŝŶƚĞŶĚĞĚ
ĨŽƌůŽŶŐƚĞƌŵŽƵƚĚŽŽƌƐƚŽƌĂŐĞ͘dŚĞĞƋƵŝƉŵĞŶƚƐŚŽƵůĚďĞƐƚŽƌĞĚŝŶĚŽŽƌƐ͕ŝŶĂĐŽŽůĂŶĚĚƌLJƉůĂĐĞ͘
EŽƚĞƚŚĂƚĚĂƚĞƐŽĨƐŚŝƉŵĞŶƚƌĞƉƌĞƐĞŶƚsĂƌĞĐŝŽŐĂƐΖƐďĞƐƚĞƐƚŝŵĂƚĞ͕ďƵƚŝƐŶŽƚŐƵĂƌĂŶƚĞĞĚ͕ĂŶĚsĂƌĞĐŝŽŐĂƐ
ƐŚĂůůŶŽƚďĞůŝĂďůĞĨŽƌĂŶLJĚĂŵĂŐĞƐĚƵĞƚŽůĂƚĞĚĞůŝǀĞƌLJ͘dŚĞWƌŽĚƵĐƚƐƐŚĂůůďĞĚĞůŝǀĞƌĞĚƚŽƚŚĞĚĞůŝǀĞƌLJƉŽŝŶƚ
ŽƌƉŽŝŶƚƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞĚĞůŝǀĞƌLJƚĞƌŵƐƐƚĂƚĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂů͘
WZKWK^>EK͘ϮϭϮϮϱ
sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ͮϭϱϬϲϭ^ƉƌŝŶŐĚĂůĞ^ƚ͘ηϮϭϬ,ƵŶƚŝŶŐƚŽŶĞĂĐŚ͕ϵϮϲϰϵh^/dĞů͗ϴϲϲ͘ϰ͘/K'^/ǁǁǁ͘ǀĂƌĞĐͲďŝŽŐĂƐ͘ĐŽŵ
KE&/Ed/> WĂŐĞͮϰ
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ĂƚƚŚĞƉŽŝŶƚŽƌƉŽŝŶƚƐŽĨŵĂŶƵĨĂĐƚƵƌĞ͕ĂŶĚŝŶĚĞĨĂƵůƚŽĨWƵƌĐŚĂƐĞƌ͛ƐĂĐĐĞƉƚĂŶĐĞŽĨĚĞůŝǀĞƌLJ͕ƚŽĐĂƵƐĞƚŚĞ
WƌŽĚƵĐƚƐƚŽďĞƐƚŽƌĞĚĂƚƐƵĐŚĂƉŽŝŶƚŽƌƉŽŝŶƚƐŽĨŵĂŶƵĨĂĐƚƵƌĞĂƚWƵƌĐŚĂƐĞƌΖƐĞdžƉĞŶƐĞ͘^ƵĐŚƚĞŶĚĞƌ͕ŝĨ
ĂĐĐĞƉƚĞĚ͕ŽƌƐƵĐŚƐƚŽƌĂŐĞ͕ƐŚĂůůĐŽŶƐƚŝƚƵƚĞĚĞůŝǀĞƌLJĨŽƌĂůůƉƵƌƉŽƐĞƐŽĨƚŚŝƐƉƌŽƉŽƐĂů͘/ĨƐŚŝƉŵĞŶƚŝƐƉŽƐƚƉŽŶĞĚ
ĂƚƌĞƋƵĞƐƚŽĨWƵƌĐŚĂƐĞƌ͕ŽƌĚƵĞƚŽĚĞůĂLJŝŶƌĞĐĞŝƉƚŽĨƐŚŝƉƉŝŶŐŝŶƐƚƌƵĐƚŝŽŶƐ͕ƉĂLJŵĞŶƚŽĨƚŚĞƉƵƌĐŚĂƐĞƉƌŝĐĞ
ƐŚĂůůďĞĚƵĞŽŶŶŽƚŝĐĞĨƌŽŵsĂƌĞĐŝŽŐĂƐƚŚĂƚƚŚĞWƌŽĚƵĐƚƐĂƌĞƌĞĂĚLJĨŽƌƐŚŝƉŵĞŶƚ͘,ĂŶĚůŝŶŐ͕ŵŽǀŝŶŐ͕ƐƚŽƌĂŐĞ͕
ŝŶƐƵƌĂŶĐĞĂŶĚŽƚŚĞƌĐŚĂƌŐĞƐƚŚĞƌĞĂĨƚĞƌŝŶĐƵƌƌĞĚďLJsĂƌĞĐŝŽŐĂƐǁŝƚŚƌĞƐƉĞĐƚƚŽƚŚĞWƌŽĚƵĐƚƐƐŚĂůůďĞĨŽƌƚŚĞ
ĂĐĐŽƵŶƚŽĨWƵƌĐŚĂƐĞƌĂŶĚƐŚĂůůďĞƉĂŝĚďLJWƵƌĐŚĂƐĞƌǁŚĞŶŝŶǀŽŝĐĞĚ͘
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ƌĞůŝĞǀĞĚŽĨĂŶLJĐůĂƵƐĞĐŽǀĞƌŝŶŐƚŝŵĞŝƐŽĨƚŚĞĞƐƐĞŶĐĞŽƌĚĞĨĂƵůƚƚŚĂƚŵŝŐŚƚďĞŝŶǀŽŬĞĚŽŶĂĐĐŽƵŶƚŽĨůĂƚĞ
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ƐƵďũĞĐƚƚŽĚĂŵĂŐĞƐ͕ŶŽƌƐŚĂůůƚŚĞŽƌĚĞƌďĞƐƵďũĞĐƚƚŽĐĂŶĐĞůůĂƚŝŽŶǁŝƚŚŽƵƚƉĂLJŵĞŶƚŽĨĂƉƉƌŽƉƌŝĂƚĞ
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sĂƌĞĐŝŽŐĂƐǁŝůůĐŽŵƉůLJǁŚĞƌĞĂƉƉůŝĐĂďůĞƚŽŽƵƌƐĐŽƉĞKZ
ŶLJŽĨƚŚĞĂďŽǀĞƌĞƋƵŝƌĞŵĞŶƚƐŵƵƐƚďĞĐŽŶĨŝƌŵĞĚĂƚƚŝŵĞŽĨƉƵƌĐŚĂƐĞĂŶĚĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƐǁŝůůĂƉƉůLJ͘
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dŚĞ/ŶĨƌĂƐƚƌƵĐƚƵƌĞ/ŶǀĞƐƚŵĞŶƚĂŶĚ:ŽďƐĐƚƐŝŐŶĞĚŝŶƚŽůĂǁŽŶEŽǀĞŵďĞƌϭϱ͕ϮϬϮϭ͕ŝŶĐůƵĚĞƐƐƵďƐƚĂŶƚŝǀĞ
ĐŚĂŶŐĞƐƚŽƵLJŵĞƌŝĐĂƌĞƋƵŝƌĞŵĞŶƚƐĐŽŵƉĂƌĞĚƚŽƚŚŽƐĞƐƉĞĐŝĨŝĞĚŝŶƚŚĞƉƌĞĐĞĚŝŶŐŵĞƌŝĐĂŶ/ƌŽŶĂŶĚ
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ĞƋƵŝƉŵĞŶƚĨŽƌƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŵĂƌŬĞƚ͕ƚŚĞƌĞĂƌĞĐĞƌƚĂŝŶĐŽŵƉŽŶĞŶƚƐƚŚĂƚĂƌĞĞŝƚŚĞƌƵŶĂǀĂŝůĂďůĞ
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ŽƚŚĞƌƉƌŽũĞĐƚƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͕ŝŶƚĞƌŶĂůƌĞƋƵŝƌĞŵĞŶƚƐ͕ĂŶĚƉƌŽũĞĐƚƐĐŚĞĚƵůĞƐ͘dŚŝƐĐŚĂůůĞŶŐĞŝƐĨƵƌƚŚĞƌ
ĞdžĂĐĞƌďĂƚĞĚďLJƐƵƉƉůLJĐŚĂŝŶĂŶĚůĂďŽƌƐŚŽƌƚĂŐĞƐŝŶƉĂŶĚĞŵŝĐĂŶĚƉŽƐƚƉĂŶĚĞŵŝĐƚŝŵĞƐ͘ƐǁŝƚŚƉƌĞǀŝŽƵƐ
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ŐĞŶĐŝĞƐĨŽƌĨƵƌƚŚĞƌĐůĂƌŝĨŝĐĂƚŝŽŶƌĞůĂƚŝŶŐƚŽĐƵƌƌĞŶƚƵLJŵĞƌŝĐĂƌĞƋƵŝƌĞŵĞŶƚƐ͘ƐŽĨŶŽǁ͕ƚŚĞŝŶĚƵƐƚƌLJĂƚ
ůĂƌŐĞŝƐƵŶĂďůĞƚŽĂƐĐĞƌƚĂŝŶƚŚĞƉĂƌĂŵĞƚĞƌƐŽĨƚŚĞƵLJŵĞƌŝĐĂƌĞƋƵŝƌĞŵĞŶƚ͘dŚƵƐ͕sĂƌĞĐŝŽŐĂƐĐĂŶŶŽƚ
ŵĂŬĞĂŶLJŐƵĂƌĂŶƚĞĞƚŚĂƚŝƚƐƉƌŽƉŽƐĞĚƐĐŽƉĞŽĨƐƵƉƉůLJǁŝůůďĞŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂŶLJƵLJŵĞƌŝĐĂ
ƌĞƋƵŝƌĞŵĞŶƚƐƵŶĚĞƌƚŚĞ/ŶĨƌĂƐƚƌƵĐƚƵƌĞ/ŶǀĞƐƚŵĞŶƚĂŶĚ:ŽďƐĐƚ͘ĐĐŽƌĚŝŶŐůLJ͕ĂŶLJŽĨĨĞƌĨŽƌƐĂůĞ͕ƉƌŽƉŽƐĂů͕Žƌ
ďƵĚŐĞƚĂƌLJƋƵŽƚĞͬĞƐƚŝŵĂƚĞƐƵďŵŝƚƚĞĚďLJŽƌŽŶďĞŚĂůĨŽĨsĂƌĞĐŝŽŐĂƐƐŚŽƵůĚŶŽƚďĞĐŽŶƐƚƌƵĞĚĂƐŵĞĞƚŝŶŐ
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sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ͮϭϱϬϲϭ^ƉƌŝŶŐĚĂůĞ^ƚ͘ηϮϭϬ,ƵŶƚŝŶŐƚŽŶĞĂĐŚ͕ϵϮϲϰϵh^/dĞů͗ϴϲϲ͘ϰ͘/K'^/ǁǁǁ͘ǀĂƌĞĐͲďŝŽŐĂƐ͘ĐŽŵ
KE&/Ed/> WĂŐĞͮϱ
Ϯ͘ŶĐŚŽƌďŽůƚƐ͕ƐƵƉƉŽƌƚƐLJƐƚĞŵƐ͕ƐĞƚƚŝŶŐĚƌĂǁŝŶŐƐ͕ĂŶĐŚŽƌďŽůƚƚĞŵƉůĂƚĞƐ͕ĚŝƌĞĐƚŝŽŶƐĨŽƌƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨ
ĂŶĐŚŽƌďŽůƚƐĂŶĚŽƚŚĞƌĂŶĐŚŽƌĂŐĞƐ͕ŵŽƵŶƚŝŶŐŝŶƐƚƌƵĐƚŝŽŶƐĂŶĚŵŽƵŶƚŝŶŐĚĞƐŝŐŶĐĂůĐƵůĂƚŝŽŶƐ͘
ϯ͘^ĞŝƐŵŝĐĂŶĚǁŝŶĚͲůŽĂĚŝŶŐĐĂůĐƵůĂƚŝŽŶƐ;WĂůĐƐͿ
ϰ͘WƌŽĐĞƐƐ>ŽŐŝĐŝĂŐƌĂŵƐ͕ƐĐŚĞŵĂƚŝĐƐĂŶĚ͕WƌŽĐĞƐƐĂŶĚ/ŶƐƚƌƵŵĞŶƚĂƚŝŽŶŝĂŐƌĂŵƐ
ϱ͘DĂƚŝŶŐĨůĂŶŐĞƐĂŶĚďŽůƚƐ͕ŐĂƐŬĞƚƐ͘
ϲ͘^ƉĞĐŝĂůƉĂŝŶƚŝŶŐŽƌĐŽĂƚŝŶŐ͘
hŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJĂŶĚĞdžƉƌĞƐƐůLJŝŶĐůƵĚĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂů͕ƚŚĞƉƌŝĐĞƋƵŽƚĂƚŝŽŶĚŽĞƐŶŽƚŝŶĐůƵĚĞ͗
ϭ͘hŶůŽĂĚŝŶŐ͕ŚĂƵůŝŶŐ͕ĞƌĞĐƚŝŽŶ͕ŝŶƐƚĂůůĂƚŝŽŶ
Ϯ͘ĨŝĞůĚǁŝƌŝŶŐ͕ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽĐŽŶĚƵŝƚĂŶĚĐŽŶĚƵŝƚƐĞĂůƐ͘
ϯ͘>ŝŐŚƚŶŝŶŐƉƌŽƚĞĐƚŝŽŶ
ϰ͘DŽƵŶƚŝŶŐŚĂƌĚǁĂƌĞŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽƐƚƵĚƐ͕ŶƵƚƐ͕ŐĂƐŬĞƚƐĨŽƌƚŚĞĞƋƵŝƉŵĞŶƚƉƌŽƉŽƐĞĚƚŽ
ĐŽŶŶĞĐƚƚŽƚŚĞŐĂƐƉŝƉŝŶŐŽƌŽŶƚŚĞĚŝŐĞƐƚĞƌĐŽǀĞƌŽƌƚĂŶŬĐŽŶŶĞĐƚŝŽŶ͘
ϱ͘tŚĞŶĂŶĞŵĞƌŐĞŶĐLJƉƌĞƐƐƵƌĞƌĞůŝĞĨĐŽǀĞƌŝƐƐƵƉƉůŝĞĚ͕ĂŚŽƌŝnjŽŶƚĂůĂŶĚůĞǀĞůĐŽŶŶĞĐƚŝŽŶŝƐƌĞƋƵŝƌĞĚĂŶĚ
ŝƐĞdžĐůƵĚĞĚĨƌŽŵŽƵƌƉƌŽƉŽƐĂů͘/ĨƚŚĞĐŽǀĞƌǁŝůůŵŽƵŶƚƚŽĂŶĞdžŝƐƚŝŶŐŽƉĞŶŝŶŐ͕ƉƌŽǀŝĚĞďĂƐĞĚŝŵĞŶƐŝŽŶƐ
ŝŶĐůƵĚŝŶŐƚŚŝĐŬŶĞƐƐĂƚƚŝŵĞŽĨŽƌĚĞƌƉůĂĐĞŵĞŶƚ͘
ϲ͘WƌŽƚĞĐƚŝŽŶĂŐĂŝŶƐƚĐŽƌƌŽƐŝŽŶĚƵĞƚŽƵŶƉƌŽƚĞĐƚĞĚƐƚŽƌĂŐĞ͘
ϳ͘ŽƐƚƐĨŽƌWĞƌŵŝƚƐ͕ůŝĐĞŶƐĞƐ͕ŝŶƐƉĞĐƚŝŽŶƐ͕ǁŝƚŶĞƐƐƚĞƐƚƐ͘
ϴ͘^ƉĞĐŝĂůĞŶŐŝŶĞĞƌŝŶŐ͕ŽƌŽǀĞƌĂůůƉůĂŶƚŽƌƐLJƐƚĞŵŽƉĞƌĂƚŝŶŐŝŶƐƚƌƵĐƚŝŽŶƐŽƌĂŶLJŽƚŚĞƌƉƌŽĚƵĐƚƐŽƌƐĞƌǀŝĐĞƐ
ŶŽƚĚĞĨŝŶĞĚŝŶŽƵƌƉƌŽƉŽƐĂůŽƌŝŶƚŚĞ͞^ĐŽƉĞŽĨ^ƵƉƉůLJ͘͟
^hZ&WZWZd/KEEW/Ed/E''EZ>/E&KZDd/KE
dŚĞĞƋƵŝƉŵĞŶƚƉƌŽƉŽƐĞĚŝƐƐƵƉƉůŝĞĚŝŶĞŝƚŚĞƌĂůƵŵŝŶƵŵŽƌƐƚĂŝŶůĞƐƐƐƚĞĞů͘EŽƐƉĞĐŝĂůƉĂŝŶƚŝŶŐŽƌĨŝĞůĚ
ƉĂŝŶƚŝŶŐŝƐŝŶĐůƵĚĞĚŝŶƚŚĞƉƌŝĐĞƉƌŽǀŝĚĞĚĨŽƌƚŚĞ͞^ĐŽƉĞŽĨ^ƵƉƉůLJ͘͟sĂƌĞĐŝŽŐĂƐƉƌŽǀŝĚĞƐŽƵƌƐƚĂŶĚĂƌĚ
ƉƌŽĐĞĚƵƌĞĨŽƌƐƵƌĨĂĐĞĨŝŶŝƐŚĨŽƌĞƋƵŝƉŵĞŶƚĐŽŶƐƚƌƵĐƚĞĚŝŶƐƚĂŝŶůĞƐƐƐƚĞĞů͘
sĂƌĞĐŝŽŐĂƐǁŝůůŶŽƚďĞƌĞƐƉŽŶƐŝďůĞĨŽƌĨŝĞůĚƉĂŝŶƚŝŶŐ͘
E,KZ'͕^hWWKZd^z^dD^
ŶĐŚŽƌďŽůƚƐ͕ƐƵƉƉŽƌƚƐLJƐƚĞŵƐ͕ƐĞƚƚŝŶŐĚƌĂǁŝŶŐƐ͕ĂŶĐŚŽƌďŽůƚƚĞŵƉůĂƚĞƐĂƌĞŶŽƚƉĂƌƚŽĨsĂƌĞĐΖƐƐĐŽƉĞŽĨ
ƐƵƉƉůLJ͘
KEEd/E'W/W&>E'^͕K>d^͕'^<d^E^^
ŽŶŶĞĐƚŝŶŐƉŝƉŝŶŐ͕ĨůĂŶŐĞƐ͕ǀĂůǀĞƐ͕ŶŽnjnjůĞƐ͕ĨŝƚƚŝŶŐƐ͕ǁĂůůƐƉŽŽůƐ͕ĐŽŶĐƌĞƚĞ͕ŐƌŽƵƚ͕ƐĞĂůĂŶƚ͕ĚŝƐƐŝŵŝůĂƌŵĞƚĂů
ƉƌŽƚĞĐƚŝŽŶ͕ĨŝĞůĚƉĂŝŶƚŝŶŐ͕ŽŝůŽƌŐƌĞĂƐĞĂŶĚůƵďƌŝĐĂŶƚƐĂƌĞŶŽƚŝŶĐůƵĚĞĚŝŶŽƵƌƐĐŽƉĞŽĨƐƵƉƉůLJ͘
/E^h>d/KEE,ddZ/E'
^ƉĞĐŝĂůŝŶƐƵůĂƚŝŶŐũĂĐŬĞƚƐŽƌŚĞĂƚƚƌĂĐŝŶŐĨŽƌĚĞĨŝŶĞĚŝŶ͞^ĐŽƉĞŽĨ^ƵƉƉůLJ͟ŝƐƐƉĞĐŝĨŝĐƚŽƚŚĞĞƋƵŝƉŵĞŶƚ͘ŶLJ
ŝŶƐƵůĂƚŝŽŶŽƌŚĞĂƚƚƌĂĐŝŶŐƌĞƋƵŝƌĞĚĨŽƌĂŶĐŝůůĂƌLJĞƋƵŝƉŵĞŶƚŶŽƚŵĞŶƚŝŽŶĞĚŝŶƚŚĞƐƉĞĐŝĨŝĐĂƚŝŽŶĂŶĚ͞^ĐŽƉĞŽĨ
^ƵƉƉůLJ͟ŝƐĞdžĐůƵĚĞĚĨƌŽŵƚŚĞƋƵŽƚĞĚƉƌŝĐĞ͘
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^ƉĂƌĞƉĂƌƚƐĂƌĞůŝŵŝƚĞĚƚŽǁŚĂƚŝƐůŝƐƚĞĚŽŶƚŚĞĂďŽǀĞĂƐƉĂƌƚŽĨŽƵƌƐĐŽƉĞŽĨƐƵƉƉůLJ͘
WZKWK^>EK͘ϮϭϮϮϱ
sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ͮϭϱϬϲϭ^ƉƌŝŶŐĚĂůĞ^ƚ͘ηϮϭϬ,ƵŶƚŝŶŐƚŽŶĞĂĐŚ͕ϵϮϲϰϵh^/dĞů͗ϴϲϲ͘ϰ͘/K'^/ǁǁǁ͘ǀĂƌĞĐͲďŝŽŐĂƐ͘ĐŽŵ
KE&/Ed/> WĂŐĞͮϲ
KDDZ/>^d/KE
WZ//E'dZD^
dŚĞƉƌŝĐĞƐƋƵŽƚĞĚĂƌĞďĂƐĞĚƵƉŽŶWƵƌĐŚĂƐĞƌ͛ƐĂĐĐĞƉƚĂŶĐĞŽĨƚŚŝƐƉƌŽƉŽƐĂů͕ƚŚƌŽƵŐŚƚŚĞƐƵďŵŝƐƐŝŽŶŽĨĂ
ƉƵƌĐŚĂƐĞŽƌĚĞƌŽƌŽƚŚĞƌǁƌŝƚƚĞŶĂĐĐĞƉƚĂŶĐĞ͕ďĞŝŶŐƉůĂĐĞĚŶŽůĂƚĞƌƚŚĂŶϲϬĚĂLJƐĨƌŽŵƚŚĞĚĂƚĞŽŶƚŚĞƉƌŽƉŽƐĂů͘
ĨƚĞƌĞdžƉŝƌĂƚŝŽŶŽĨƚŚĞƉƌŝĐŝŶŐĞĨĨĞĐƚŝǀĞŶĞƐƐƉĞƌŝŽĚ͕ƉƌŝĐĞƐǁŝůůďĞƐƵďũĞĐƚƚŽƌĞǀŝĞǁĂŶĚĂĚũƵƐƚŵĞŶƚ͘&ĞĚĞƌĂů͕
ƐƚĂƚĞŽƌůŽĐĂůƐĂůĞƐ͕ƵƐĞŽƌŽƚŚĞƌƚĂdžĞƐĂƌĞŶŽƚŝŶĐůƵĚĞĚŝŶƚŚĞƐĂůĞƐƉƌŝĐĞ͘
WzDEddZD^
EĞƚϯϬĚĂLJƐĂĨƚĞƌƌĞĐĞŝƉƚŽĨŝŶǀŽŝĐĞĂŶĚƐĞƌǀŝĐĞƌĞƉŽƌƚ͘ƌĞĚŝƚŝƐƐƵďũĞĐƚƚŽĂĐĐĞƉƚĂŶĐĞďLJƚŚĞsĂƌĞĐŝŽŐĂƐ
ƌĞĚŝƚĞƉĂƌƚŵĞŶƚ͘
WƵƌĐŚĂƐĞƌ ƐŚĂůůƌĞŵŝƚ ƉĂLJŵĞŶƚ ĨŽƌ ƉƌŽƉĞƌ ŝŶǀŽŝĐĞƐ ƌĞĐĞŝǀĞĚ ĨƌŽŵsĂƌĞĐŝŽŐĂƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ
ƉĂLJŵĞŶƚƚĞƌŵƐƐƚĂƚĞĚĂďŽǀĞĞǀĞŶŝĨƚŚĞWƵƌĐŚĂƐĞƌŚĂƐŶŽƚďĞĞŶƉĂŝĚďLJƚŚĞWƵƌĐŚĂƐĞƌ͛ƐĐƵƐƚŽŵĞƌ;ƚŚĞ
͞KǁŶĞƌ͟ͿŝĨWƵƌĐŚĂƐĞƌŝƐŶŽƚƚŚĞĞŶĚͲƵƐĞƌŽĨƚŚĞWƌŽĚƵĐƚƐ͘WĂLJŵĞŶƚƐĂƌĞĚƵĞǁŝƚŚŝŶĨŽƌƚLJͲĨŝǀĞ;ϰϱͿĚĂLJƐĂĨƚĞƌ
WƵƌĐŚĂƐĞƌ͛ƐƌĞĐĞŝƉƚŽĨŝŶǀŽŝĐĞ͘KǀĞƌĚƵĞĂŶĚƵŶƉĂŝĚŝŶǀŽŝĐĞƐĂƌĞƐƵďũĞĐƚƚŽĂƐĞƌǀŝĐĞĐŚĂƌŐĞŽĨϮйƉĞƌŵŽŶƚŚ
ƵŶƚŝůƉĂŝĚ͘
/ĨWƵƌĐŚĂƐĞƌƌĞƋƵĞƐƚƐŽƌĐĂƵƐĞƐĐĂŶĐĞůůĂƚŝŽŶ͕ƐƵƐƉĞŶƐŝŽŶŽƌĚĞůĂLJŽĨsĂƌĞĐŝŽŐĂƐ͛ƐǁŽƌŬ͕WƵƌĐŚĂƐĞƌƐŚĂůů
ĂĐĐĞƉƚƚƌĂŶƐĨĞƌŽĨƚŝƚůĞĂŶĚƉĂLJsĂƌĞĐŝŽŐĂƐĂůůĂƉƉƌŽƉƌŝĂƚĞĐŚĂƌŐĞƐŝŶĐƵƌƌĞĚƵƉƚŽĚĂƚĞŽĨƐƵĐŚĞǀĞŶƚƉůƵƐ
sĂƌĞĐŝŽŐĂƐ͛ƐŽǀĞƌŚĞĂĚĂŶĚƌĞĂƐŽŶĂďůĞƉƌŽĨŝƚ͘ĚĚŝƚŝŽŶĂůůLJ͕ĂůůĐŚĂƌŐĞƐƌĞůĂƚĞĚƚŽĂŶĚƌŝƐŬƐŝŶĐŝĚĞŶƚĂůƚŽ
ƐƚŽƌĂŐĞ͕ĚŝƐƉŽƐŝƚŝŽŶĂŶĚͬŽƌƌĞƐƵŵƉƚŝŽŶŽĨǁŽƌŬƐŚĂůůďĞďŽƌŶĞƐŽůĞůLJďLJWƵƌĐŚĂƐĞƌ͘&ƵůůƉĂLJŵĞŶƚĨŽƌĂůůǁŽƌŬ
ƐŚĂůůďĞĚƵĞĂŶĚƉĂLJĂďůĞĨŽƌƚLJͲĨŝǀĞ;ϰϱͿĚĂLJƐĨƌŽŵƚŚĞĚĂƚĞǁŽƌŬŝƐƉůĂĐĞĚŝŶƚŽƐƚŽƌĂŐĞ͘
dy^
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ƐŚĂůůďĞĨŽƌWƵƌĐŚĂƐĞƌΖƐĂĐĐŽƵŶƚ͘
WZ/^>d/KE
dŚĞƉƌŝĐĞƐƐƵďŵŝƚƚĞĚĂƌĞďĂƐĞĚƵƉŽŶWƵƌĐŚĂƐĞƌ͛ƐĂĐĐĞƉƚĂŶĐĞŽĨƚŚŝƐƉƌŽƉŽƐĂůďĞĨŽƌĞďŝĚǀĂůŝĚŝƚLJĞdžƉŝƌĂƚŝŽŶ͘
/ĨsĂƌĞĐŝŽŐĂƐ;^ĞůůĞƌͿĚŽĞƐŶŽƚƌĞĐĞŝǀĞĂďŝŶĚŝŶŐƉƵƌĐŚĂƐĞŽƌĚĞƌƉƌŝŽƌƚŽƚŚĞďŝĚǀĂůŝĚŝƚLJĞdžƉŝƌĂƚŝŽŶ͘WƌŝĐĞƐ
ĂŶĚĚĞůŝǀĞƌLJƋƵŽƚĞĚĂƌĞƐƵďũĞĐƚƚŽĐŚĂŶŐĞ͘
ĚĚŝƚŝŽŶĂůůLJ͕ĚƵĞƚŽƚŚĞƵŶƉƌĞĚŝĐƚĂďŝůŝƚLJŽĨŵĂƚĞƌŝĂůĂŶĚůĂďŽƌƉƌŝĐĞƐ͕ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽƌĞĐĞŶƚƐŚĂƌƉ
ŝŶĐƌĞĂƐĞƐŝŶĐĂƌďŽŶƐƚĞĞů͕ƐƚĂŝŶůĞƐƐƐƚĞĞů͕ĂůƵŵŝŶƵŵ͕ŽƚŚĞƌŵĞƚĂůƉƌŝĐĞƐ͕ĞůĞĐƚƌŝĐĂůĐŽŵƉŽŶĞŶƚƐ͕ĐŽĂƚŝŶŐƐ͕&ZW͕
ƐŚŝƉƉŝŶŐ͕ĂŶĚůĂďŽƌƉƌŝĐĞƐŝŶƚŚĞEŽƌƚŚŵĞƌŝĐĂŶĂŶĚǁŽƌůĚǁŝĚĞŵĂƌŬĞƚƐ;ƚŚĞ͞>ĂďŽƌĂŶĚDĂƚĞƌŝĂůWƌŝĐĞ;ƐͿ͟Ϳ͕
^ĞůůĞƌƐŚĂůůŶŽƚĂƐƐƵŵĞƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƐƵĐŚƉŽƐƐŝďůĞĞƐĐĂůĂƚŝŽŶƐďĞLJŽŶĚƚŚĞǀĂůŝĚŝƚLJĚĂƚĞŽĨŝƚƐƉƌŽƉŽƐĂůŽƌ
ďĞƚǁĞĞŶƚŚĞĚĂƚĞŽĨƚŚĞĞdžĞĐƵƚĞĚŽŶƚƌĂĐƚĂŶĚƚŚĞƉƌŽĐƵƌĞŵĞŶƚŽĨƐƵĐŚůĂďŽƌĂŶĚŵĂƚĞƌŝĂů͘
WZKWK^>EK͘ϮϭϮϮϱ
sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ͮϭϱϬϲϭ^ƉƌŝŶŐĚĂůĞ^ƚ͘ηϮϭϬ,ƵŶƚŝŶŐƚŽŶĞĂĐŚ͕ϵϮϲϰϵh^/dĞů͗ϴϲϲ͘ϰ͘/K'^/ǁǁǁ͘ǀĂƌĞĐͲďŝŽŐĂƐ͘ĐŽŵ
KE&/Ed/> WĂŐĞͮϳ
^ĞůůĞƌŵĂLJŝŶĐƌĞĂƐĞƚŚĞƉƌŝĐĞŽĨŝƚƐƉƌŽƉŽƐĂůŽƌƌĞƋƵŝƌĞĂĚĚŝƚŝŽŶĂůƉĂLJŵĞŶƚŝŶƚŚĞĨŽƌŵŽĨĂĐŚĂŶŐĞŽƌĚĞƌĚƵĞ
ƚŽĂŶLJ>ĂďŽƌĂŶĚDĂƚĞƌŝĂůWƌŝĐĞŝŶĐƌĞĂƐĞ;ĂͿƚŚĂƚĞdžĐĞĞĚƐϱйƉĞƌĂŶŶƵŵŽĨƚŚĞƉƌŝĐĞŽĨƚŚĞƐƉĞĐŝĨŝĐůĂďŽƌŽƌ
ŵĂƚĞƌŝĂůŝŶƉůĂĐĞŽŶƚŚĞĚĂƚĞŽĨ^ĞůůĞƌ͛ƐƉƌŽƉŽƐĂůŽƌ;ďͿǁŚĞŶƉƌŽĚƵĐƚĨĂďƌŝĐĂƚŝŽŶƵƚŝůŝnjŝŶŐůĂďŽƌŽƌŵĂƚĞƌŝĂůƐ
ĚŽĞƐŶŽƚĐŽŵŵĞŶĐĞƵŶƚŝůŵŽƌĞƚŚĂŶϲŵŽŶƚŚƐĂĨƚĞƌƚŚĞƉƵƌĐŚĂƐĞŽƌĚĞƌĚĂƚĞ͕ĨŽƌǁŚŝĐŚǁĂƐŶŽƚĚŝƌĞĐƚůLJ
ĐĂƵƐĞĚďLJ^ĞůůĞƌ͘&ƵƌƚŚĞƌŵŽƌĞ͕^ĞůůĞƌŝƐĞŶƚŝƚůĞĚƚŽĂĚũƵƐƚŝƚƐĚĞůŝǀĞƌLJĚĂƚĞƚŽĂĐĐŽƵŶƚĨŽƌƐƵĐŚĚĞůĂLJ͘
ŶLJ>ĂďŽƌĂŶĚDĂƚĞƌŝĂůWƌŝĐĞŝŶĐƌĞĂƐĞƐŚĂůůďĞďĂƐĞĚŽŶĂŶŝŶĚƵƐƚƌLJͲƐƚĂŶĚĂƌĚƉƌŝĐŝŶŐŵĞĂƐƵƌĞŽƌŝŶĚĞdžĨŽƌ
ƚŚĂƚƉĂƌƚŝĐƵůĂƌůĂďŽƌŽƌŵĂƚĞƌŝĂůƚŚĂƚĂĐĐƵƌĂƚĞůLJƌĞƉƌĞƐĞŶƚƐƚŚĞŵĂƌŬĞƚŝŶĐƌĞĂƐĞŽƌ͕ĂĐƚƵĂůŝŶĐƌĞĂƐĞƐŝŶĐƵƌƌĞĚ
ďLJƚŚĞ^ĞůůĞƌ͘dŚĞƌĞƐƵůƚŝŶŐĐŽƐƚĂŶĚƐĐŚĞĚƵůĞŝŵƉĂĐƚƐŚĂůůďĞĚŝƐĐůŽƐĞĚƚŽƚŚĞƵLJĞƌƉƌŝŽƌƚŽĨĂďƌŝĐĂƚŝŽŶ͘
EŽƚǁŝƚŚƐƚĂŶĚŝŶŐƚŚĞĂďŽǀĞ͕ƐŚŽƵůĚƌĞƋƵĞƐƚĞĚƐŚŝƉŵĞŶƚĚĂƚĞƐďĞĞdžƚĞŶĚĞĚƉƌŝŵĂƌŝůLJĚƵĞƚŽĂĐƚŝŽŶƐŽĨƉĂƌƚŝĞƐ
ŽƚŚĞƌƚŚĂŶďLJ^ĞůůĞƌŽƌŝƚƐƐƵƉƉůŝĞƌƐ͕^ĞůůĞƌƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽĐŚĂƌŐĞϭ͘ϱйƉĞƌŵŽŶƚŚŽĨƚŚĞŽŶƚƌĂĐƚWƌŝĐĞ
ĨŽƌĞĂĐŚŵŽŶƚŚŽƌƉĂƌƚŝĂůŵŽŶƚŚŽĨĚĞůĂLJ͕ƵŶůĞƐƐƐĂŝĚĚĞůĂLJŝƐĂŐƌĞĞĚƚŽŝŶǁƌŝƚŝŶŐďLJĂůůĂĨĨĞĐƚĞĚƉĂƌƚŝĞƐ͘
ŶLJĂĚĚŝƚŝŽŶĂůĚƵƚŝĞƐĂŶĚƚĂƌŝĨĨƐŝŶǀŽŬĞĚĂĨƚĞƌƚŚĞĚĂƚĞŽĨŝƚƐƉƌŽƉŽƐĂůǁŝůůďĞĂĚĚĞĚƚŽƚŚĞƚŽƚĂůƉƌŽƉŽƐĞĚ
ƉƌŝĐĞ͘
&>KtKtEdZD^
tĞǁŝůůŶŽƚĂĐĐĞƉƚĨůŽǁĚŽǁŶƚĞƌŵƐĨƌŽŵKǁŶĞƌƚŽWƵƌĐŚĂƐĞƌ͘dŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚĞŽŶƚƌĂĐƚ
ďĞƚǁĞĞŶKǁŶĞƌĂŶĚWƵƌĐŚĂƐĞƌŵĂLJĐŽŶƚĂŝŶƌĞƋƵŝƌĞŵĞŶƚƐƚŚĂƚĂƌĞŶŽƚĂƉƉůŝĐĂďůĞƚŽƚŚĞ^ƵƉƉůŝĞƌŽƌ
ƵŶĂĐĐĞƉƚĂďůĞƚŽsĂƌĞĐŝŽŐĂƐƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶŽĨƐĂůĞ͘ŶLJƐƉĞĐŝĨŝĐƌĞƋƵŝƌĞŵĞŶƚŵƵƐƚďĞŶŽƚĞĚŽŶƚŚĞ
ƉƵƌĐŚĂƐĞŽƌĚĞƌ͘
KE^
WĂLJŵĞŶƚŽƌWĞƌĨŽƌŵĂŶĐĞŽŶĚƐĂƌĞŶŽƚŝŶĐůƵĚĞĚŝŶƚŚĞƉƌŽƉŽƐĂů͘
WĞƌĨŽƌŵĂŶĐĞĂŶĚƉĂLJŵĞŶƚƐĞĐƵƌŝƚLJ͕ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽďŽŶĚƐ͕ůĞƚƚĞƌƐŽĨĐƌĞĚŝƚ͕ŽƌďĂŶŬŐƵĂƌĂŶƚĞĞƐ͕
ĂƌĞŶŽƚŝŶĐůƵĚĞĚ͕ďƵƚĐĂŶďĞƉƌŽǀŝĚĞĚŝĨƉƵƌĐŚĂƐĞĚĨŽƌĂŶĂĚĚŝƚŝŽŶĂůĐŽƐƚ͘
ŶLJƉĞƌĨŽƌŵĂŶĐĞĂŶĚͬŽƌƉĂLJŵĞŶƚďŽŶĚǁŚĞŶĂŐƌĞĞĚƚŽďĞƉƌŽǀŝĚĞĚďLJsĂƌĞĐŝŽŐĂƐŝŶǁƌŝƚŝŶŐǁŝůůĞdžƚĞŶĚ
ƚŽƐƵƉƉůLJŽĨĞƋƵŝƉŵĞŶƚĂŶĚƐĞƌǀŝĐĞƐĨŽƌĂƉĞƌŝŽĚŶŽƚƚŽĞdžĐĞĞĚƚŚĞĨŝƌƐƚƚǁĞŶƚLJĨŽƵƌ;ϮϰͿŵŽŶƚŚƐŽĨƚŚĞ
ƐĞƌǀŝĐĞŽƌǁĂƌƌĂŶƚLJƉĞƌŝŽĚ͕ĂŶĚĨŽƌĂǀĂůƵĞŶŽƚƚŽĞdžĐĞĞĚƚŚĞƚŽƚĂůƉƌŝĐĞŽĨƚŚŝƐWƌŽƉŽƐĂů͘
/ŶĂŶĞĨĨŽƌƚƚŽĞŶƐƵƌĞĂůůƉƵƌĐŚĂƐĞŽƌĚĞƌƐĂƌĞƉƌŽĐĞƐƐĞĚƚŝŵĞůLJĂŶĚĞĨĨŝĐŝĞŶƚůLJ͕ƉůĞĂƐĞƐƵďŵŝƚĂůůƉƵƌĐŚĂƐĞ
ŽƌĚĞƌĚŽĐƵŵĞŶƚĂƚŝŽŶƚŽƚŚĞĨŽůůŽǁŝŶŐĚĞƉĂƌƚŵĞŶƚĂŶĚĂĚĚƌĞƐƐ͗
ƚƚŶ͗KƌĚĞƌŶƚƌLJĚŵŝŶŝƐƚƌĂƚŽƌZĞŵŝƚdŽ;sŝĂ,ŽƌtŝƌĞͿ͗
sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ŽŵĞƌŝĐĂĂŶŬ
ϭϱϬϲϭ^ƉƌŝŶŐĚĂůĞ^ƚ͕^ƵŝƚĞϮϭϬϰϭϭt͘>ĂĨĂLJĞƚƚĞ
,ƵŶƚŝŶŐƚŽŶĞĂĐŚ͕ϵϮϲϰϵh^ϱƚŚ&ůŽŽƌ͕DϯϯϮϴ
dĞů͗ϳϭϰͲϮϮϬͲϵϵϮϬĞƚƌŽŝƚ͕D/ϰϴϮϮϲ
&Ădž͗ϳϭϰͲϵϱϮͲϮϳϬϭ^t/&d͗DEh^ϯϯ
͗ϬϳϮϬϬϬϬϵϲ
ĐĐŽƵŶƚEƵŵďĞƌ͗ϭϴϱϯϰϴϳϴϳϮ
WZKWK^>EK͘ϮϭϮϮϱ
sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ͮϭϱϬϲϭ^ƉƌŝŶŐĚĂůĞ^ƚ͘ηϮϭϬ,ƵŶƚŝŶŐƚŽŶĞĂĐŚ͕ϵϮϲϰϵh^/dĞů͗ϴϲϲ͘ϰ͘/K'^/ǁǁǁ͘ǀĂƌĞĐͲďŝŽŐĂƐ͘ĐŽŵ
KE&/Ed/> WĂŐĞͮϴ
ZĞŵŝƚdŽ;sŝĂŚĞĐŬͿ͗ͬZŽŶƚĂĐƚ͗
sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ϰϮϰϲZŝǀĞƌďŽĂƚZŽĂĚ͕^ƵŝƚĞϯϬϬ
ϰϮϰϲZŝǀĞƌďŽĂƚZŽĂĚ͕^ƵŝƚĞϯϬϬ^Ăůƚ>ĂŬĞŝƚLJ͕hdϴϰϭϮϯ
^Ăůƚ>ĂŬĞŝƚLJ͕hdϴϰϭϮϯŽŶƚĂĐƚ͗ŝĂŶĞWƌĞƐƚŽŶ
dĞůĞƉŚŽŶĞ͗ϴϬϭͲϵϯϭͲϯϮϭϴ
ͲDĂŝů͗ĚŝĂŶĞ͘ƉƌĞƐƚŽŶΛŽǀŝǀŽǁĂƚĞƌ͘ĐŽŵ
KŶƉƌŝůϭϱ͕ϮϬϭϵ͕KǀŝǀŽ/ŶĐ͘;ΗKǀŝǀŽΗͿĂŶŶŽƵŶĐĞĚƚŚĞĂĐƋƵŝƐŝƚŝŽŶŽĨtĞƐƚĞĐŚ/ŶĚƵƐƚƌŝĂů/ŶĐ͕͘ĚŽŝŶŐďƵƐŝŶĞƐƐ
ĂƐsĂƌĞĐŝŽŐĂƐ/ŶĐ͘;ΗsĂƌĞĐŝŽŐĂƐΗͿ͕ŵĂŬŝŶŐsĂƌĞĐŝŽŐĂƐĂŶKǀŝǀŽĐŽŵƉĂŶLJ͘
KŶ:ĂŶƵĂƌLJϭ͕ϮϬϮϮ͕sĂƌĞĐŝŽŐĂƐďĞĐĂŵĞĂĚŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>͕ĂŶĚŝƐŶŽǁŬŶŽǁŶĂƐsĂƌĞĐŝŽŐĂƐ͕Ă
ŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>͘ƐĂƌĞƐƵůƚ͕sĂƌĞĐŝŽŐĂƐΖdĂdž/ĚĞŶƚŝĨŝĐĂƚŝŽŶEƵŵďĞƌŝƐŶŽǁϳϲͲϬϳϰϮϲϰϰ͘
/Ed>>dh>WZKWZdz
dŚĞĐŽŶƚĞŶƚŽĨĂŶLJƐƵďŵŝƚƚĂůĚƌĂǁŝŶŐƐ͕ĚŽĐƵŵĞŶƚƐƐƵĐŚĂƐŝŶƐƚĂůůĂƚŝŽŶ͕ŽƉĞƌĂƚŝŽŶĂŶĚŵĂŝŶƚĞŶĂŶĐĞŽƌŽƚŚĞƌ
ŵĂŶƵĂůƐŽƌĚŽĐƵŵĞŶƚƐƉĞƌƚĂŝŶŝŶŐƚŽƚŚĞWƌŽĚƵĐƚƐƉƌŽƉŽƐĞĚĂƌĞĐŽƉLJƌŝŐŚƚĞĚĂŶĚƐŚĂůůŶŽƚďĞŵŽĚŝĨŝĞĚ
ǁŝƚŚŽƵƚƚŚĞĞdžƉƌĞƐƐƉƌŝŽƌǁƌŝƚƚĞŶĐŽŶƐĞŶƚŽĨsĂƌĞĐŝŽŐĂƐ͘sĂƌĞĐŝŽŐĂƐĚŝƐĐůĂŝŵƐĂŶLJůŝĂďŝůŝƚLJĨŽƌĐůĂŝŵƐ
ƌĞƐƵůƚŝŶŐĨƌŽŵƵŶĂƵƚŚŽƌŝnjĞĚŵŽĚŝĨŝĐĂƚŝŽŶƐƚŽĂŶLJƐƵĐŚŵĂŶƵĂůƐŽƌŽƚŚĞƌĚŽĐƵŵĞŶƚƐƉƌŽǀŝĚĞĚďLJsĂƌĞĐ
ŝŽŐĂƐŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚĞWƌŽũĞĐƚ͘
tZZEdzEKE/d/KE^
sĂƌĞĐŝŽŐĂƐƐƚĂŶĚĂƌĚdĞƌŵƐĂŶĚŽŶĚŝƚŝŽŶƐŽĨ^ĂůĞŝƐĂƚƚĂĐŚĞĚĂŶĚŵĂĚĞĂŶĞƐƐĞŶƚŝĂůƉĂƌƚŽĨƚŚŝƐƉƌŽƉŽƐĂů
ĂŶĚƐŚĂůůŐŽǀĞƌŶ͕ƌĞƉůĂĐĞĂŶĚƐƵƉĞƌƐĞĚĞĂŶLJƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽƌǁĂƌƌĂŶƚLJŝŶĐůƵĚĞĚŝŶWƵƌĐŚĂƐĞƌŽƌ
KǁŶĞƌƌĞƋƵĞƐƚƐĨŽƌƋƵŽƚĂƚŝŽŶŽƌƐƉĞĐŝĨŝĐĂƚŝŽŶƐĂŶĚĐĂŶŶŽƚďĞĐŚĂŶŐĞĚǁŝƚŚŽƵƚǁƌŝƚƚĞŶĂƉƉƌŽǀĂůĨƌŽŵĂŶ
ĂƵƚŚŽƌŝnjĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞŽĨsĂƌĞĐŝŽŐĂƐ͘EŽǀĞƌďĂůŽƌǁƌŝƚƚĞŶŝŶĨŽƌŵĂƚŝŽŶŽƌĂĚǀŝĐĞŐŝǀĞŶďLJĂŶLJ
ƉĞƌƐŽŶŶĞůŽĨƚŚĞ^ĞůůĞƌƐŚĂůůĐƌĞĂƚĞĂǁĂƌƌĂŶƚLJŽƌŝŶĂŶLJǁĂLJŝŶĐƌĞĂƐĞƚŚĞƐĐŽƉĞŽĨƚŚĞǁĂƌƌĂŶƚŝĞƐ͘
KE&/Ed/>/dz
dŚŝƐĚŽĐƵŵĞŶƚŝƐŶŽƚƚŽďĞƌĞƉƌŽĚƵĐĞĚŽƌƐƵďŵŝƚƚĞĚƚŽĂŶLJƚŚŝƌĚƉĂƌƚLJǁŝƚŚŽƵƚƚŚĞǁƌŝƚƚĞŶĐŽŶƐĞŶƚŽĨsĂƌĞĐ
ŝŽŐĂƐ͘
dŚŝƐĚŽĐƵŵĞŶƚĐŽŶƚĂŝŶƐ͕ŽƌsĂƌĞĐŝŽŐĂƐŵĂLJŚĂǀĞƉƌĞǀŝŽƵƐůLJĚŝƐĐůŽƐĞĚƚŽWƵƌĐŚĂƐĞƌ͕ĐĞƌƚĂŝŶƚĞĐŚŶŝĐĂůĂŶĚ
ďƵƐŝŶĞƐƐŝŶĨŽƌŵĂƚŝŽŶŽĨsĂƌĞĐŝŽŐĂƐĂŶĚͬŽƌsĂƌĞĐŝŽŐĂƐ͛ƐĂĨĨŝůŝĂƚĞĚĞŶƚŝƚŝĞƐ͕ŝŶĐůƵĚŝŶŐĐĞƌƚĂŝŶĐŽƉLJƌŝŐŚƚĞĚ
ŵĂƚĞƌŝĂů͕ǁŚŝĐŚŝƐĐŽŶƐŝĚĞƌĞĚƚŽďĞĐŽŶĨŝĚĞŶƚŝĂů͘^ƵĐŚŝŶĨŽƌŵĂƚŝŽŶ͕ŚĞƌĞŝŶĂĨƚĞƌƌĞĨĞƌƌĞĚƚŽŝŶĚŝǀŝĚƵĂůůLJĂŶĚ
ĐŽůůĞĐƚŝǀĞůLJĂƐƚŚĞ͞/ŶĨŽƌŵĂƚŝŽŶ͕͟ŵĂLJŝŶĐůƵĚĞ͕ǁŝƚŚŽƵƚůŝŵŝƚĂƚŝŽŶ͕ŝĚĞĂƐ͕ĐŽŶĐĞƉƚƐ͕ĚĞǀĞůŽƉŵĞŶƚƉůĂŶƐĨŽƌ
ŶĞǁŽƌŝŵƉƌŽǀĞĚƉƌŽĚƵĐƚƐŽƌƉƌŽĐĞƐƐĞƐ͕ĚĂƚĂ͕ĨŽƌŵƵůĂ͕ƚĞĐŚŶŝƋƵĞƐ͕ĨůŽǁƐŚĞĞƚƐ͕ĚĞƐŝŐŶƐ͕ƐŬĞƚĐŚĞƐ͕ŬŶŽǁͲ
ŚŽǁ͕ƉŚŽƚŽŐƌĂƉŚƐ͕ƉůĂŶƐ͕ĚƌĂǁŝŶŐƐ;ƌĞŐĂƌĚůĞƐƐŽĨǁŚĂƚŶĂŵĞ͕ŝĨĂŶLJ͕ŝƐƐƚĂƚĞĚŽŶƚŚĞƚŝƚůĞďůŽĐŬͿ͕
ƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͕ƐĂŵƉůĞƐ͕ƚĞƐƚƐƉĞĐŝŵĞŶƐ͕ƌĞƉŽƌƚƐ͕ĐƵƐƚŽŵĞƌůŝƐƚƐ͕ƉƌŝĐĞůŝƐƚƐ͕ĨŝŶĚŝŶŐƐ͕ƐƚƵĚŝĞƐ͕ĐŽŵƉƵƚĞƌ
ƉƌŽŐƌĂŵƐĂŶĚƚĞĐŚŶŝĐĂůĚŽĐƵŵĞŶƚĂƚŝŽŶ͕ƚƌĂĚĞƐĞĐƌĞƚƐ͕ĚŝĂŐƌĂŵƐ͕ĂŶĚŝŶǀĞŶƚŝŽŶƐ͕ŶŽƚĞƐ͕ĂŶĚĂůůŝŶĨŽƌŵĂƚŝŽŶ
WZKWK^>EK͘ϮϭϮϮϱ
sĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>ͮϭϱϬϲϭ^ƉƌŝŶŐĚĂůĞ^ƚ͘ηϮϭϬ,ƵŶƚŝŶŐƚŽŶĞĂĐŚ͕ϵϮϲϰϵh^/dĞů͗ϴϲϲ͘ϰ͘/K'^/ǁǁǁ͘ǀĂƌĞĐͲďŝŽŐĂƐ͘ĐŽŵ
KE&/Ed/> WĂŐĞͮϵ
ƉĞƌƚĂŝŶŝŶŐƚŚĞƌĞƚŽĂŶĚͬŽƌĚĞǀĞůŽƉĞĚƚŚĞƌĞĨƌŽŵ͘dŚŝƐ/ŶĨŽƌŵĂƚŝŽŶŝƐĚŝƐĐůŽƐĞĚŝŶŐŽŽĚĨĂŝƚŚƐŽůĞůLJĨŽƌƚŚĞ
ƉƵƌƉŽƐĞƐŽĨŽƵƌƉƌŽƉŽƐĂů͕ĂŶĚŝŶĂĚĚŝƚŝŽŶŽŶƚŚĞƵŶĚĞƌƐƚĂŶĚŝŶŐƚŚĂƚŝƚƐĐŽŶĨŝĚĞŶƚŝĂůŝƚLJǁŝůůďĞƉƌŽƉĞƌůLJ
ŵĂŝŶƚĂŝŶĞĚĂŶĚƐĂĨĞŐƵĂƌĚĞĚ͘
EĞŝƚŚĞƌƚŚŝƐƉƌŽƉŽƐĂů͕ƚŚĞ/ŶĨŽƌŵĂƚŝŽŶŶŽƌĂŶLJƉĂƌƚƚŚĞƌĞŽĨŵĂLJďĞĐŽƉŝĞĚ͕ƌĞƉƌŽĚƵĐĞĚŽƌƵƐĞĚĨŽƌĂŶLJ
ƉƵƌƉŽƐĞŽƚŚĞƌƚŚĂŶƚŚĂƚĨŽƌǁŚŝĐŚŝƚŝƐĚŝƐĐůŽƐĞĚďLJsĂƌĞĐŝŽŐĂƐ͘džĐĞƉƚĂƐƌĞĂƐŽŶĂďůLJŶĞĐĞƐƐĂƌLJĨŽƌƚŚĞ
ĞǀĂůƵĂƚŝŽŶŽĨƚŚŝƐƉƌŽƉŽƐĂů͕ŶŽƉĂƌƚƚŚĞƌĞŽĨŵĂLJďĞĚŝƐĐůŽƐĞĚƚŽĂŶLJŽƚŚĞƌƉĞƌƐŽŶ͕ǁŝƚŚŽƵƚsĂƌĞĐŝŽŐĂƐ͛Ɛ
ƉƌŝŽƌĐŽŶƐĞŶƚŝŶǁƌŝƚŝŶŐ͘
sĂƌĞĐŝŽŐĂƐǁŝůůƌĞƚĂŝŶƚŚĞƌŝŐŚƚƐƚŽĂŶLJŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƌŝŐŚƚƐ;͞/WZ͟ͿƌĞůĂƚĞĚƚŽƚŚĞWƌŽĚƵĐƚƐ͘sĂƌĞĐ
ŝŽŐĂƐǁŝůůŐƌĂŶƚĂŶŽŶͲĞdžĐůƵƐŝǀĞƌŽLJĂůƚLJĨƌĞĞůŝĐĞŶƐĞƚŽƵƐĞƚŚĞ/WZĨŽƌƚŚĞƐŽůĞƉƵƌƉŽƐĞƐŽĨŽƉĞƌĂƚŝŶŐĂŶĚ
ŵĂŝŶƚĂŝŶŝŶŐƚŚĞĞƋƵŝƉŵĞŶƚƐƵƉƉůŝĞĚďLJsĂƌĞĐŝŽŐĂƐ͘
dŚĞĚƵƚŝĞƐ͕ŽďůŝŐĂƚŝŽŶƐ͕ƌĞƐƚƌŝĐƚŝŽŶƐ͕ĂŶĚƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐĚĞƐĐƌŝďĞĚŚĞƌĞŝŶĂďŽǀĞƐŚĂůůĂƉƉůLJƚŽƚŚĞWƵƌĐŚĂƐĞƌ͕
ƚŚĞŝƌĂŐĞŶƚƐ͕ĂĨĨŝůŝĂƚĞƐ͕ĂŶĚĂůůƌĞůĂƚĞĚƉĂƌƚŝĞƐƌĞŐĂƌĚůĞƐƐŽĨǁŚĞƚŚĞƌĂŶLJƚƌĂŶƐĂĐƚŝŽŶŽĐĐƵƌƐďĞƚǁĞĞŶsĂƌĞĐ
ŝŽŐĂƐĂŶĚWƵƌĐŚĂƐĞƌ͕ĂŶĚƐŚĂůůƐƵƌǀŝǀĞƚĞƌŵŝŶĂƚŝŽŶ͕ĐĂŶĐĞůůĂƚŝŽŶ͕ĂŶĚĞdžƉŝƌĂƚŝŽŶŽĨĂŶLJƚƌĂŶƐĂĐƚŝŽŶ
ďĞƚǁĞĞŶsĂƌĞĐŝŽŐĂƐĂŶĚWƵƌĐŚĂƐĞƌ͘
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ĂŶĚĚĂŵĂŐĞƐĂǀĂŝůĂďůĞƚŽŝƚ͕ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽƚŚĞĂŵŽƵŶƚ͕ŝŶĐůƵĚŝŶŐŝŶƚĞƌĞƐƚ͕ďLJǁŚŝĐŚWƵƌĐŚĂƐĞƌ
ƉƌŽĨŝƚĞĚĨƌŽŵƚŚĞďƌĞĂĐŚ͕ĂŶLJŐĂŝŶƐŵĂĚĞďLJWƵƌĐŚĂƐĞƌŽƌĂŶLJƚŚŝƌĚƉĂƌƚLJǁŚŽƌĞĐĞŝǀĞĚ/ŶĨŽƌŵĂƚŝŽŶĨƌŽŵ
WƵƌĐŚĂƐĞƌ͕ĐŽŵƉĞŶƐĂƚŝŽŶĨŽƌĂůůsĂƌĞĐŝŽŐĂƐůŽƐƐŽƌŝŶũƵƌLJ͕ĂŶĚƚŚĞǀĂůƵĞŽĨsĂƌĞĐŝŽŐĂƐΖƐĞdžƉĞĐƚĂƚŝŽŶ
ĐƌĞĂƚĞĚďLJƚŚĞƉƌŽŵŝƐĞŽĨWƵƌĐŚĂƐĞƌ͘dŚĞƉĂƌƚŝĞƐĂŐƌĞĞsĂƌĞĐŝŽŐĂƐǁŽƵůĚƐƵĨĨĞƌŝƌƌĞƉĂƌĂďůĞŚĂƌŵŝŶƚŚĞ
ĞǀĞŶƚŽĨĂŶLJďƌĞĂĐŚŽĨƚŚĞƐĞƚĞƌŵƐ͕ĂŶĚƚŚĞƌĞĨŽƌĞsĂƌĞĐŝŽŐĂƐƐŚĂůůďĞĞŶƚŝƚůĞĚƚŽĂŶLJĂŶĚĂůůŝŶũƵŶĐƚŝǀĞ
ƌĞůŝĞĨĂǀĂŝůĂďůĞ͘
^ŝŶĐĞƌĞůLJ͕
sĂƌĞĐŝŽŐĂƐ͕
ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>
dZD^EKE/d/KE^K&^>
ϭ͘WdE͘dŚĞƉƌŽƉŽƐĂůŽĨsĂƌĞĐŝŽŐĂƐ͕ĂŝǀŝƐŝŽŶŽĨKǀŝǀŽh^͕>>;͞^>>Z͟Ϳ͕ĂƐǁĞůůĂƐƚŚĞƐĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨ
ƐĂůĞ;ĐŽůůĞĐƚŝǀĞůLJƚŚĞ͞ŐƌĞĞŵĞŶƚ͟Ϳ͕ĐŽŶƐƚŝƚƵƚĞƐ^>>Z͛ƐĐŽŶƚƌĂĐƚƵĂůŽĨĨĞƌŽĨŐŽŽĚƐĂŶĚĂƐƐŽĐŝĂƚĞĚƐĞƌǀŝĐĞƐ͕ĂŶĚWhZ,^Z͛Ɛ
ĂĐĐĞƉƚĂŶĐĞŽĨƚŚŝƐŽĨĨĞƌŝƐĞdžƉƌĞƐƐůLJůŝŵŝƚĞĚƚŽƚŚĞƚĞƌŵƐŽĨƚŚĞŐƌĞĞŵĞŶƚ͘dŚĞƐĐŽƉĞĂŶĚƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŐƌĞĞŵĞŶƚ
ƌĞƉƌĞƐĞŶƚƚŚĞĞŶƚŝƌĞŽĨĨĞƌďLJ^>>ZĂŶĚƐƵƉĞƌƐĞĚĞĂůůŽƚŚĞƌƐŽůŝĐŝƚĂƚŝŽŶƐ͕ĚŝƐĐƵƐƐŝŽŶƐ͕ĂŐƌĞĞŵĞŶƚƐ͕ƵŶĚĞƌƐƚĂŶĚŝŶŐƐĂŶĚ
ƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐďĞƚǁĞĞŶƚŚĞƉĂƌƚŝĞƐ͘ŶLJƐĐŽƉĞŽƌƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŝŶĐůƵĚĞĚŝŶWhZ,^Z͛ƐĂĐĐĞƉƚĂŶĐĞͬƉƵƌĐŚĂƐĞŽƌĚĞƌ
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Ϯ͘>/sZz͘ŶLJƐƚĂƚĞŵĞŶƚƐƌĞůĂƚŝŶŐƚŽƚŚĞĚĂƚĞŽĨƐŚŝƉŵĞŶƚŽĨƚŚĞWƌŽĚƵĐƚƐ;ĂƐĚĞĨŝŶĞĚďĞůŽǁͿƌĞƉƌĞƐĞŶƚ^>>ZΖ^ďĞƐƚĞƐƚŝŵĂƚĞ͕
ďƵƚŝƐŶŽƚŐƵĂƌĂŶƚĞĞĚ͕ĂŶĚ^>>ZƐŚĂůůŶŽƚďĞůŝĂďůĞĨŽƌĂŶLJĚĂŵĂŐĞƐĚƵĞƚŽůĂƚĞĚĞůŝǀĞƌLJ͘dŚĞWƌŽĚƵĐƚƐƐŚĂůůďĞĚĞůŝǀĞƌĞĚƚŽƚŚĞ
ĚĞůŝǀĞƌLJƉŽŝŶƚŽƌƉŽŝŶƚƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞĚĞůŝǀĞƌLJƚĞƌŵƐƐƚĂƚĞĚŝŶ^>>Z͛ƐƉƌŽƉŽƐĂů͘/ĨƐƵĐŚĚĞůŝǀĞƌLJŝƐƉƌĞǀĞŶƚĞĚŽƌƉŽƐƚƉŽŶĞĚ
ďLJƌĞĂƐŽŶŽĨ&ŽƌĐĞDĂũĞƵƌĞ;ĂƐĚĞĨŝŶĞĚďĞůŽǁͿ͕^>>ZƐŚĂůůďĞĞŶƚŝƚůĞĚĂƚŝƚƐŽƉƚŝŽŶƚŽƚĞŶĚĞƌĚĞůŝǀĞƌLJƚŽWhZ,^ZĂƚƚŚĞƉŽŝŶƚ
ŽƌƉŽŝŶƚƐŽĨŵĂŶƵĨĂĐƚƵƌĞ͕ĂŶĚŝŶĚĞĨĂƵůƚŽĨWhZ,^Z͛ƐĂĐĐĞƉƚĂŶĐĞŽĨĚĞůŝǀĞƌLJƚŽĐĂƵƐĞƚŚĞWƌŽĚƵĐƚƐƚŽďĞƐƚŽƌĞĚĂƚƐƵĐŚĂƉŽŝŶƚ
ŽƌƉŽŝŶƚƐŽĨŵĂŶƵĨĂĐƚƵƌĞĂƚWhZ,^ZΖ^ĞdžƉĞŶƐĞ͘^ƵĐŚƚĞŶĚĞƌ͕ŝĨĂĐĐĞƉƚĞĚ͕ŽƌƐƵĐŚƐƚŽƌĂŐĞ͕ƐŚĂůůĐŽŶƐƚŝƚƵƚĞĚĞůŝǀĞƌLJĨŽƌĂůůƉƵƌƉŽƐĞƐ
ŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚ͘/ĨƐŚŝƉŵĞŶƚŝƐƉŽƐƚƉŽŶĞĚĂƚƌĞƋƵĞƐƚŽĨWhZ,^Z͕ŽƌĚƵĞƚŽĚĞůĂLJŝŶƌĞĐĞŝƉƚŽĨƐŚŝƉƉŝŶŐŝŶƐƚƌƵĐƚŝŽŶƐ͕ƉĂLJŵĞŶƚ
ŽĨƚŚĞƉƵƌĐŚĂƐĞƉƌŝĐĞƐŚĂůůďĞĚƵĞŽŶŶŽƚŝĐĞĨƌŽŵ^>>ZƚŚĂƚƚŚĞWƌŽĚƵĐƚƐĂƌĞƌĞĂĚLJĨŽƌƐŚŝƉŵĞŶƚ͘,ĂŶĚůŝŶŐ͕ŵŽǀŝŶŐ͕ƐƚŽƌĂŐĞ͕
ŝŶƐƵƌĂŶĐĞĂŶĚŽƚŚĞƌĐŚĂƌŐĞƐƚŚĞƌĞĂĨƚĞƌŝŶĐƵƌƌĞĚďLJ^>>ZǁŝƚŚƌĞƐƉĞĐƚƚŽƚŚĞWƌŽĚƵĐƚƐƐŚĂůůďĞĨŽƌƚŚĞĂĐĐŽƵŶƚŽĨWhZ,^ZĂŶĚ
ƐŚĂůůďĞƉĂŝĚďLJWhZ,^ZǁŚĞŶŝŶǀŽŝĐĞĚ͘ĞůŝǀĞƌLJďLJ^>>ZŽĨƚŚĞWƌŽĚƵĐƚƐƐŚĂůůĐŽŶƐƚŝƚƵƚĞĂĐĐĞƉƚĂŶĐĞŽĨƚŚĞWƌŽĚƵĐƚƐďLJ
WhZ,^Z͕ƵŶůĞƐƐǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĚĞĨĞĐƚŽƌŶŽŶĐŽŶĨŽƌŵŝƚLJŝƐƌĞĐĞŝǀĞĚďLJ^>>ZǁŝƚŚŝŶƚŚŝƌƚLJ;ϯϬͿĚĂLJƐŽĨ^>>Z͛ƐĚĞůŝǀĞƌLJŽĨ
ƚŚĞWƌŽĚƵĐƚƐ͘
ϯ͘d/d>EZ/^<K&>K^^͘^>>ZƐŚĂůůƌĞƚĂŝŶƚŚĞĨƵůůĞƐƚƌŝŐŚƚ͕ƚŝƚůĞ͕ĂŶĚŝŶƚĞƌĞƐƚŝŶƚŚĞWƌŽĚƵĐƚƐƚŽƚŚĞĞdžƚĞŶƚƉĞƌŵŝƚƚĞĚďLJ
ĂƉƉůŝĐĂďůĞůĂǁ͕ŝŶĐůƵĚŝŶŐĂƐĞĐƵƌŝƚLJŝŶƚĞƌĞƐƚŝŶƚŚĞWƌŽĚƵĐƚƐ͕ƵŶƚŝůƚŚĞĨƵůůƉƵƌĐŚĂƐĞƉƌŝĐĞŚĂƐďĞĞŶƉĂŝĚƚŽ^>>Z͘dŚĞŐŝǀŝŶŐĂŶĚ
ĂĐĐĞƉƚŝŶŐŽĨĚƌĂĨƚƐ͕ŶŽƚĞƐĂŶĚͬŽƌƚƌĂĚĞĂĐĐĞƉƚĂŶĐĞƐƚŽĞǀŝĚĞŶĐĞƚŚĞƉĂLJŵĞŶƚƐĚƵĞƐŚĂůůŶŽƚĐŽŶƐƚŝƚƵƚĞŽƌďĞĐŽŶƐƚƌƵĞĚĂƐƉĂLJŵĞŶƚ
ƐŽĂƐƚŽƉĂƐƐ^>>Z͛ƐŝŶƚĞƌĞƐƚƐƵŶƚŝůƐĂŝĚĚƌĂĨƚƐ͕ŶŽƚĞƐĂŶĚͬŽƌƚƌĂĚĞĂĐĐĞƉƚĂŶĐĞƐĂƌĞƉĂŝĚŝŶĨƵůů͘ZŝƐŬŽĨůŽƐƐƐŚĂůůƉĂƐƐƚŽWhZ,^Z
ĂƚƚŚĞĚĞůŝǀĞƌLJƉŽŝŶƚ͘
ϰ͘WzDEddZD^͘^>>ZƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽƐŚŝƉƚŚĞWƌŽĚƵĐƚƐĂŶĚďĞƉĂŝĚĨŽƌƐƵĐŚŽŶĂƉƌŽƌĂƚĂďĂƐŝƐ͕ĂƐƐŚŝƉƉĞĚ͘/ĨƉĂLJŵĞŶƚƐ
ĂƌĞŶŽƚŵĂĚĞďLJƚŚĞĚƵĞĚĂƚĞ͕ŝŶƚĞƌĞƐƚĂƚĂƌĂƚĞŽĨƚǁŽƉĞƌĐĞŶƚ;ϮйͿƉĞƌŵŽŶƚŚ͕ĐĂůĐƵůĂƚĞĚĚĂŝůLJ͕ƐŚĂůůĂƉƉůLJĨƌŽŵƚŚĞĚƵĞĚĂƚĞĨŽƌ
ƉĂLJŵĞŶƚ͘WhZ,^ZŝƐůŝĂďůĞƚŽƉĂLJ^>>Z͛^ůĞŐĂůĨĞĞƐĂŶĚĂůůŽƚŚĞƌĞdžƉĞŶƐĞƐŝŶƌĞƐƉĞĐƚŽĨĞŶĨŽƌĐŝŶŐŽƌĂƚƚĞŵƉƚŝŶŐƚŽĞŶĨŽƌĐĞĂŶLJ
ŽĨ^>>Z͛^ƌŝŐŚƚƐƌĞůĂƚŝŶŐƚŽĂďƌĞĂĐŚŽƌƚŚƌĞĂƚĞŶĞĚďƌĞĂĐŚŽĨƚŚĞƉĂLJŵĞŶƚƚĞƌŵƐďLJWhZ,^Z͘/ŶƚŚĞĞǀĞŶƚŽĨŶŽŶƉĂLJŵĞŶƚ
^>>ZƌĞƐĞƌǀĞƐƚŚĞĨƵƌƚŚĞƌƌŝŐŚƚƚŽƐĞĞŬĐŽŵƉĞŶƐĂƚŝŽŶĨƌŽŵĂŶLJƚŚŝƌĚƉĂƌƚLJŝŶƉŽƐƐĞƐƐŝŽŶŽĨƚŚĞWƌŽĚƵĐƚƐ͘
ϱ͘dy^͘hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĐĂůůLJƉƌŽǀŝĚĞĚŝŶ^>>Z͛ƐƋƵŽƚĂƚŝŽŶͬƉƌŽƉŽƐĂů͖WhZ,^ZƐŚĂůůƉĂLJĂŶĚͬŽƌƌĞŝŵďƵƌƐĞ^>>Z͕ŝŶ
ĂĚĚŝƚŝŽŶƚŽƚŚĞƉƌŝĐĞ͕ĨŽƌĂůůƐĂůĞƐ͕ƵƐĞĂŶĚŽƚŚĞƌƚĂdžĞƐ͕ĞdžĐŝƐĞƐĂŶĚĐŚĂƌŐĞƐǁŚŝĐŚ^>>ZŵĂLJƉĂLJŽƌďĞƌĞƋƵŝƌĞĚƚŽƉĂLJƚŽĂŶLJ
ŐŽǀĞƌŶŵĞŶƚĚŝƌĞĐƚůLJŽƌŝŶĚŝƌĞĐƚůLJŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚĞƉƌŽĚƵĐƚŝŽŶ͕ƐĂůĞ͕ƚƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂŶĚͬŽƌƵƐĞďLJ^>>ZŽƌWhZ,^Z͕ŽĨ
ĂŶLJŽĨƚŚĞWƌŽĚƵĐƚƐŽƌƐĞƌǀŝĐĞƐĚĞĂůƚǁŝƚŚŚĞƌĞŝŶ;ǁŚĞƚŚĞƌƚŚĞƐĂŵĞŵĂLJďĞƌĞŐĂƌĚĞĚĂƐƉĞƌƐŽŶĂůŽƌƌĞĂůƉƌŽƉĞƌƚLJͿ͘WhZ,^Z
ĂŐƌĞĞƐƚŽƉĂLJĂůůƉƌŽƉĞƌƚLJĂŶĚŽƚŚĞƌƚĂdžĞƐǁŚŝĐŚŵĂLJďĞůĞǀŝĞĚ͕ĂƐƐĞƐƐĞĚŽƌĐŚĂƌŐĞĚĂŐĂŝŶƐƚŽƌƵƉŽŶĂŶLJŽĨƚŚĞWƌŽĚƵĐƚƐŽŶŽƌĂĨƚĞƌ
ƚŚĞĚĂƚĞŽĨĂĐƚƵĂůƐŚŝƉŵĞŶƚ͕ŽƌƉůĂĐŝŶŐŝŶƚŽƐƚŽƌĂŐĞĨŽƌWhZ,^ZΖ^ĂĐĐŽƵŶƚ͘
ϲ͘D,E/>tZZEdz͘^ŽůĞůLJĨŽƌƚŚĞďĞŶĞĨŝƚŽĨWhZ,^Z͕^>>ZǁĂƌƌĂŶƚƐƚŚĂƚŶĞǁĞƋƵŝƉŵĞŶƚĂŶĚƉĂƌƚƐŵĂŶƵĨĂĐƚƵƌĞĚ
ďLJŝƚĂŶĚƉƌŽǀŝĚĞĚƚŽWhZ,^Z;ĐŽůůĞĐƚŝǀĞůLJ͕͞WƌŽĚƵĐƚƐ͟ͿƐŚĂůůďĞĨƌĞĞĨƌŽŵĚĞĨĞĐƚƐŝŶŵĂƚĞƌŝĂůĂŶĚǁŽƌŬŵĂŶƐŚŝƉ͘dŚĞǁĂƌƌĂŶƚLJ
ƉĞƌŝŽĚƐŚĂůůďĞƚǁĞůǀĞ;ϭϮͿŵŽŶƚŚƐĨƌŽŵƐƚĂƌƚƵƉŽĨƚŚĞĞƋƵŝƉŵĞŶƚŶŽƚƚŽĞdžĐĞĞĚĞŝŐŚƚĞĞŶ;ϭϴͿŵŽŶƚŚƐĨƌŽŵƚŚĞĞĂƌůŝĞƐƚŽĨƚŚĞŶŽƚŝĐĞ
ŽĨƌĞĂĚŝŶĞƐƐƚŽƐŚŝƉŽƌƚŚĞĂĐƚƵĂůƐŚŝƉŵĞŶƚ͘/ĨĂŶLJŽĨ^>>Z͛^WƌŽĚƵĐƚƐĨĂŝůƚŽĐŽŵƉůLJǁŝƚŚƚŚĞĨŽƌĞŐŽŝŶŐǁĂƌƌĂŶƚLJ͕^>>ZƐŚĂůůƌĞƉĂŝƌ
ŽƌƌĞƉůĂĐĞĨƌĞĞŽĨĐŚĂƌŐĞƚŽWhZ,^Z͕ytKZ<^^>>Z͛^&dKZ/^ŽƌŽƚŚĞƌůŽĐĂƚŝŽŶƚŚĂƚ^>>ZĚĞƐŝŐŶĂƚĞƐ͕ĂŶLJWƌŽĚƵĐƚŽƌ
ƉĂƌƚƐ ƚŚĞƌĞŽĨ ƌĞƚƵƌŶĞĚ ƚŽ ^>>Z͕ ǁŚŝĐŚĞdžĂŵŝŶĂƚŝŽŶ ƐŚĂůů ƐŚŽǁƚŽ ŚĂǀĞ ĨĂŝůĞĚ ƵŶĚĞƌ ŶŽƌŵĂů ƵƐĞ ĂŶĚ ƐĞƌǀŝĐĞ ŽƉĞƌĂƚŝŽŶ ďLJ
WhZ,^ZǁŝƚŚŝŶƚŚĞtĂƌƌĂŶƚLJWĞƌŝŽĚ͖ƉƌŽǀŝĚĞĚ͕ƚŚĂƚŝĨŝƚǁŽƵůĚďĞŝŵƉƌĂĐƚŝĐĂďůĞĨŽƌƚŚĞWƌŽĚƵĐƚŽƌƉĂƌƚƚŚĞƌĞŽĨƚŽďĞƌĞƚƵƌŶĞĚ
ƚŽ^>>Z͕^>>ZǁŝůůƐĞŶĚĂƌĞƉƌĞƐĞŶƚĂƚŝǀĞƚŽWhZ,^Z͛ƐũŽďƐŝƚĞƚŽŝŶƐƉĞĐƚƚŚĞWƌŽĚƵĐƚ͘/ĨŝƚŝƐĚĞƚĞƌŵŝŶĞĚĂĨƚĞƌŝŶƐƉĞĐƚŝŽŶƚŚĂƚ
^>>ZŝƐůŝĂďůĞƵŶĚĞƌƚŚŝƐǁĂƌƌĂŶƚLJƚŽƌĞƉĂŝƌŽƌƌĞƉůĂĐĞƚŚĞWƌŽĚƵĐƚŽƌƉĂƌƚƚŚĞƌĞŽĨ͕^>>ZƐŚĂůůďĞĂƌƚŚĞƚƌĂŶƐƉŽƌƚĂƚŝŽŶĐŽƐƚƐŽĨ;ĂͿ
ƌĞƚƵƌŶŝŶŐƚŚĞWƌŽĚƵĐƚƚŽ^>>ZĨŽƌŝŶƐƉĞĐƚŝŽŶŽƌƐĞŶĚŝŶŐŝƚƐƌĞƉƌĞƐĞŶƚĂƚŝǀĞƚŽƚŚĞũŽďƐŝƚĞĂŶĚ;ďͿƌĞƚƵƌŶŝŶŐƚŚĞƌĞƉĂŝƌĞĚŽƌƌĞƉůĂĐĞĚ
WƌŽĚƵĐƚƐƚŽWhZ,^Z͖ŚŽǁĞǀĞƌ͕ŝĨŝƚŝƐĚĞƚĞƌŵŝŶĞĚĂĨƚĞƌŝŶƐƉĞĐƚŝŽŶƚŚĂƚ^>>ZŝƐŶŽƚůŝĂďůĞƵŶĚĞƌƚŚŝƐǁĂƌƌĂŶƚLJ͕WhZ,^ZƐŚĂůů
ƉĂLJƚŚŽƐĞĐŽƐƚƐ͘&Žƌ^>>ZƚŽďĞůŝĂďůĞǁŝƚŚƌĞƐƉĞĐƚƚŽƚŚŝƐǁĂƌƌĂŶƚLJ͕WhZ,^ZŵƵƐƚŵĂŬĞŝƚƐĐůĂŝŵƐƚŽ^>>ZǁŝƚŚƌĞƐƉĞĐƚƚŽ
ƚŚŝƐǁĂƌƌĂŶƚLJŝŶǁƌŝƚŝŶŐŶŽůĂƚĞƌƚŚĂŶƚŚŝƌƚLJ;ϯϬͿĚĂLJƐĂĨƚĞƌƚŚĞĚĂƚĞWhZ,^ZĚŝƐĐŽǀĞƌƐƚŚĞďĂƐŝƐĨŽƌŝƚƐǁĂƌƌĂŶƚLJĐůĂŝŵĂŶĚŝŶŶŽ
ĞǀĞŶƚŵŽƌĞƚŚĂŶƚŚŝƌƚLJ;ϯϬͿĚĂLJƐĂĨƚĞƌƚŚĞĞdžƉŝƌĂƚŝŽŶŽĨƚŚĞtĂƌƌĂŶƚLJWĞƌŝŽĚ͘/ŶĂĚĚŝƚŝŽŶƚŽĂŶLJŽƚŚĞƌůŝŵŝƚĂƚŝŽŶŽƌĚŝƐĐůĂŝŵĞƌǁŝƚŚ
ƌĞƐƉĞĐƚƚŽƚŚŝƐǁĂƌƌĂŶƚLJ͕^>>ZƐŚĂůůŚĂǀĞŶŽůŝĂďŝůŝƚLJǁŝƚŚƌĞƐƉĞĐƚƚŽĂŶLJŽĨƚŚĞĨŽůůŽǁŝŶŐ͗;ŝͿĨĂŝůƵƌĞŽĨƚŚĞWƌŽĚƵĐƚƐ͕ŽƌĚĂŵĂŐĞƐƚŽ
ƚŚĞŵ͕ĚƵĞƚŽWhZ,^Z͛ƐŶĞŐůŝŐĞŶĐĞŽƌǁŝůůĨƵůŵŝƐĐŽŶĚƵĐƚ͕ĂďƵƐĞŽƌŝŵƉƌŽƉĞƌƐƚŽƌĂŐĞ͕ŝŶƐƚĂůůĂƚŝŽŶ͕ĂƉƉůŝĐĂƚŝŽŶŽƌŵĂŝŶƚĞŶĂŶĐĞ;ĂƐ
ƐƉĞĐŝĨŝĞĚŝŶĂŶLJŵĂŶƵĂůƐŽƌǁƌŝƚƚĞŶŝŶƐƚƌƵĐƚŝŽŶƐƚŚĂƚ^>>ZƉƌŽǀŝĚĞƐƚŽƚŚĞWhZ,^ZͿ͖;ŝŝͿĂŶLJWƌŽĚƵĐƚƐƚŚĂƚŚĂǀĞďĞĞŶĂůƚĞƌĞĚ
ŽƌƌĞƉĂŝƌĞĚŝŶĂŶLJǁĂLJǁŝƚŚŽƵƚ^>>Z͛^ƉƌŝŽƌǁƌŝƚƚĞŶĂƵƚŚŽƌŝnjĂƚŝŽŶ͖;ŝŝŝͿdŚĞĐŽƐƚƐŽĨĚŝƐŵĂŶƚůŝŶŐĂŶĚƌĞŝŶƐƚĂůůĂƚŝŽŶŽĨƚŚĞWƌŽĚƵĐƚƐ͖
;ŝǀͿĂŶLJWƌŽĚƵĐƚƐĚĂŵĂŐĞĚǁŚŝůĞŝŶƚƌĂŶƐŝƚŽƌŽƚŚĞƌǁŝƐĞďLJĂĐĐŝĚĞŶƚ͖;ǀͿĚĞĐŽŵƉŽƐŝƚŝŽŶŽĨWƌŽĚƵĐƚƐďLJĐŚĞŵŝĐĂůĂĐƚŝŽŶ͕ĞƌŽƐŝŽŶŽƌ
ĐŽƌƌŽƐŝŽŶŽƌǁĞĂƌƚŽWƌŽĚƵĐƚƐŽƌĚƵĞƚŽĐŽŶĚŝƚŝŽŶƐŽĨƚĞŵƉĞƌĂƚƵƌĞ͕ŵŽŝƐƚƵƌĞĂŶĚĚŝƌƚ͖Žƌ;ǀŝͿĐůĂŝŵƐǁŝƚŚƌĞƐƉĞĐƚƚŽƉĂƌƚƐƚŚĂƚĂƌĞ
ĐŽŶƐƵŵĂďůĞĂŶĚŶŽƌŵĂůůLJƌĞƉůĂĐĞĚĚƵƌŝŶŐŵĂŝŶƚĞŶĂŶĐĞƐƵĐŚĂƐĨŝůƚĞƌŵĞĚŝĂ͕ĨŝůƚĞƌĚƌĂŝŶĂŐĞďĞůƚƐĂŶĚƚŚĞůŝŬĞ͕ĞdžĐĞƉƚǁŚĞƌĞƐƵĐŚ
ƉĂƌƚƐĂƌĞŶŽƚƉĞƌĨŽƌŵŝŶŐƚŽ^>>Z͛^ĞƐƚŝŵĂƚĞŽĨŶŽƌŵĂůƐĞƌǀŝĐĞůŝĨĞ͕ŝŶǁŚŝĐŚĐĂƐĞ͕^>>ZƐŚĂůůŽŶůLJďĞůŝĂďůĞĨŽƌƚŚĞƉƌŽƌĂƚĂĐŽƐƚ
ŽĨƌĞƉůĂĐĞŵĞŶƚŽĨƚŚŽƐĞƉĂƌƚƐďĂƐĞĚŽŶ^>>Z͛^ĞƐƚŝŵĂƚĞŽĨǁŚĂƚƚŚĞƌĞŵĂŝŶŝŶŐƐĞƌǀŝĐĞůŝĨĞŽĨƚŚŽƐĞƉĂƌƚƐƐŚŽƵůĚŚĂǀĞďĞĞŶ͖
ƉƌŽǀŝĚĞĚ͕ƚŚĂƚĨĂŝůƵƌĞŽĨƚŚŽƐĞƉĂƌƚƐĚŝĚŶŽƚƌĞƐƵůƚĨƌŽŵĂŶLJŽĨƚŚĞŵĂƚƚĞƌƐůŝƐƚĞĚŝŶĐůĂƵƐĞƐ;ŝͿƚŚƌŽƵŐŚ;ǀͿĂďŽǀĞ͘tŝƚŚƌĞŐĂƌĚƚŽ
ƚŚŝƌĚͲƉĂƌƚLJƉĂƌƚƐ͕ĞƋƵŝƉŵĞŶƚ͕ĂĐĐĞƐƐŽƌŝĞƐŽƌĐŽŵƉŽŶĞŶƚƐŶŽƚŽĨ^>>Z͛ƐĚĞƐŝŐŶ͕^>>Z͛^ůŝĂďŝůŝƚLJƐŚĂůůďĞůŝŵŝƚĞĚƐŽůĞůLJƚŽƚŚĞ
ĂƐƐŝŐŶŵĞŶƚ ŽĨ ĂǀĂŝůĂďůĞ ƚŚŝƌĚͲƉĂƌƚLJ ǁĂƌƌĂŶƚŝĞƐ͘d, WZd/^ 'Z d,d >> Kd,Z tZZEd/^͕ yWZ^^ KZ /DW>/͕
/E>h/E'tZZEd/^K&&/dE^^&KZWZd/h>ZWhZWK^EDZ,Ed/>/dz͕t,d,ZtZ/ddE͕KZ>KZ
^ddhdKZz͕Zy>hdKd,&h>>^dydEdWZD/^^/>z>t͘ůůǁĂƌƌĂŶƚŝĞƐĂŶĚŽďůŝŐĂƚŝŽŶƐŽĨ^>>ZƐŚĂůůƚĞƌŵŝŶĂƚĞ
ŝĨWhZ,^ZĨĂŝůƐƚŽƉĞƌĨŽƌŵŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽĂŶLJĨĂŝůƵƌĞƚŽƉĂLJĂŶLJĐŚĂƌŐĞƐĚƵĞ
ƚŽ^>>Z͘^>>Z͛^ƋƵŽƚĞĚƉƌŝĐĞĨŽƌƚŚĞWƌŽĚƵĐƚƐŝƐďĂƐĞĚƵƉŽŶƚŚŝƐǁĂƌƌĂŶƚLJ͘ŶLJŝŶĐƌĞĂƐĞŝŶǁĂƌƌĂŶƚLJŽďůŝŐĂƚŝŽŶŵĂLJďĞƐƵďũĞĐƚ
ƚŽĂŶŝŶĐƌĞĂƐĞŝŶƉƌŝĐĞ͘
ϳ͘KE&/Ed/>EWZKWZ/dZz/E&KZDd/KE͘ůůŶŽŶƉƵďůŝĐŽƌƉƌŽƉƌŝĞƚĂƌLJŝŶĨŽƌŵĂƚŝŽŶĂŶĚĚĂƚĂĨƵƌŶŝƐŚĞĚƚŽWhZ,^Z
ŚĞƌĞƵŶĚĞƌ͕ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽƉƌŝĐĞ͕ƐŝnjĞ͕ƚLJƉĞ͕ĚĞƐŝŐŶĂŶĚŽƚŚĞƌƚĞĐŚŶŝĐĂůŽƌďƵƐŝŶĞƐƐŝŶĨŽƌŵĂƚŝŽŶƌĞůĂƚŝŶŐƚŽƚŚĞWƌŽĚƵĐƚƐ
ŝƐƚŚĞƐŽůĞƉƌŽƉĞƌƚLJŽĨ^>>ZĂŶĚƐƵďŵŝƚƚĞĚĨŽƌWhZ,^ZΖƐŽǁŶĐŽŶĨŝĚĞŶƚŝĂůƵƐĞƐŽůĞůLJŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚŝƐŐƌĞĞŵĞŶƚĂŶĚŝƐ
ŶŽƚƚŽďĞŵĂĚĞŬŶŽǁŶŽƌĂǀĂŝůĂďůĞƚŽĂŶLJƚŚŝƌĚƉĂƌƚLJǁŝƚŚŽƵƚ^>>ZΖƐƉƌŝŽƌǁƌŝƚƚĞŶĐŽŶƐĞŶƚ͘
ϴ͘^hZ&Kd/E'͘dŚĞWƌŽĚƵĐƚƐƐŚĂůůďĞƉĂŝŶƚĞĚŽƌŽƚŚĞƌǁŝƐĞĐŽĂƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ^>>ZΖ^ƐƚĂŶĚĂƌĚƉƌĂĐƚŝĐĞƵŶůĞƐƐ
ŽƚŚĞƌǁŝƐĞĂŐƌĞĞĚŝŶǁƌŝƚŝŶŐ͘
ϵ͘Zt/E'^Ed,E/>KhDEdd/KE͘tŚĞŶWhZ,^ZƌĞƋƵĞƐƚƐƚŽĂƉƉƌŽǀĞĚƌĂǁŝŶŐƐďĞĨŽƌĞĐŽŵŵĞŶĐĞŵĞŶƚŽĨ
ŵĂŶƵĨĂĐƚƵƌĞ͕ƐŚŝƉŵĞŶƚŵĂLJďĞĚĞůĂLJĞĚŝĨĂƉƉƌŽǀĞĚĚƌĂǁŝŶŐƐĂƌĞŶŽƚƌĞƚƵƌŶĞĚƚŽ^>>ZǁŝƚŚŝŶĨŽƵƌƚĞĞŶ;ϭϰͿĚĂLJƐŽĨƌĞĐĞŝƉƚďLJ
WhZ,^ZŽĨƐƵĐŚĚƌĂǁŝŶŐƐĨŽƌĂƉƉƌŽǀĂů͘^>>ZǁŝůůĨƵƌŶŝƐŚŽŶůLJŐĞŶĞƌĂůĂƌƌĂŶŐĞŵĞŶƚ͕ŐĞŶĞƌĂůĂƐƐĞŵďůLJ͕ĂŶĚŝĨƌĞƋƵŝƌĞĚ͕ǁŝƌŝŶŐ
ĚŝĂŐƌĂŵƐ͕ĞƌĞĐƚŝŽŶĚƌĂǁŝŶŐƐ͕ŝŶƐƚĂůůĂƚŝŽŶĂŶĚŽƉĞƌĂƚŝŽŶͲŵĂŝŶƚĞŶĂŶĐĞŵĂŶƵĂůƐĨŽƌ^>>ZΖ^WƌŽĚƵĐƚƐ;ŝŶŶŐůŝƐŚůĂŶŐƵĂŐĞͿ͘^>>Z
ǁŝůůƐƵƉƉůLJƐŝdž;ϲͿĐŽŵƉůĞƚĞƐĞƚƐŽĨĚƌĂǁŝŶŐƐĂŶĚŽƉĞƌĂƚŝŶŐŝŶƐƚƌƵĐƚŝŽŶƐ͘ĚĚŝƚŝŽŶĂůƐĞƚƐǁŝůůďĞƉĂŝĚĨŽƌďLJWhZ,^Z͘ůĞĐƚƌŽŶŝĐ
ĨŝůĞƐ͕ŝĨƌĞƋƵĞƐƚĞĚĨƌŽŵ^>>Z͕ǁŝůůďĞƉƌŽǀŝĚĞĚŝŶƉĚĨ͕ũƉŐŽƌƚŝĨĨŽƌŵĂƚŽŶůLJ͘
ϭϬ͘^dK&&͘dŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůďĞĐŽŵƉůĞƚĞůLJŝŶĚĞƉĞŶĚĞŶƚŽĨĂůůŽƚŚĞƌĐŽŶƚƌĂĐƚƐďĞƚǁĞĞŶƚŚĞƉĂƌƚŝĞƐĂŶĚĂůůƉĂLJŵĞŶƚƐĚƵĞƚŽ
^>>ZŚĞƌĞƵŶĚĞƌƐŚĂůůďĞƉĂŝĚǁŚĞŶĚƵĞĂŶĚƐŚĂůůŶŽƚďĞƐĞƚŽĨĨŽƌĂƉƉůŝĞĚĂŐĂŝŶƐƚĂŶLJŵŽŶĞLJĚƵĞŽƌĐůĂŝŵĞĚƚŽďĞĚƵĞĨƌŽŵ^>>Z
ƚŽWhZ,^ZŽŶĂĐĐŽƵŶƚŽĨĂŶLJŽƚŚĞƌƚƌĂŶƐĂĐƚŝŽŶŽƌĐůĂŝŵ͘
ϭϭ͘^K&dtZ͘WhZ,^ZƐŚĂůůŚĂǀĞĂŶŽŶĞdžĐůƵƐŝǀĞĂŶĚŶŽŶƚƌĂŶƐĨĞƌĂďůĞůŝĐĞŶƐĞƚŽƵƐĞĂŶLJŝŶĨŽƌŵĂƚŝŽŶƉƌŽĐĞƐƐŝŶŐƉƌŽŐƌĂŵ
ƐƵƉƉůŝĞĚďLJ^>>ZǁŝƚŚƚŚĞWƌŽĚƵĐƚƐ͘WhZ,^ZĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƐƵĐŚƉƌŽŐƌĂŵƐĂŶĚƚŚĞŝŶĨŽƌŵĂƚŝŽŶĐŽŶƚĂŝŶĞĚƚŚĞƌĞŝŶŝƐ
ŽŶĨŝĚĞŶƚŝĂů/ŶĨŽƌŵĂƚŝŽŶĂŶĚĂŐƌĞĞƐ͗ĂͿŶŽƚƚŽĐŽƉLJŽƌĚƵƉůŝĐĂƚĞƚŚĞƉƌŽŐƌĂŵĞdžĐĞƉƚĨŽƌĂƌĐŚŝǀĂůŽƌƐĞĐƵƌŝƚLJƉƵƌƉŽƐĞƐ͖ďͿŶŽƚƚŽƵƐĞ
ƚŚĞƉƌŽŐƌĂŵŽŶĂŶLJĐŽŵƉƵƚĞƌŽƚŚĞƌƚŚĂŶƚŚĞĐŽŵƉƵƚĞƌǁŝƚŚǁŚŝĐŚŝƚŝƐƐƵƉƉůŝĞĚ͖ĂŶĚĐͿƚŽůŝŵŝƚĂĐĐĞƐƐƚŽƚŚĞƉƌŽŐƌĂŵƚŽƚŚŽƐĞŽĨ
ŝƚƐĞŵƉůŽLJĞĞƐǁŚŽĂƌĞŶĞĐĞƐƐĂƌLJƚŽƉĞƌŵŝƚĂƵƚŚŽƌŝnjĞĚƵƐĞŽĨƚŚĞƉƌŽŐƌĂŵ͘WhZ,^ZĂŐƌĞĞƐƚŽĞdžĞĐƵƚĞĂŶĚďĞďŽƵŶĚďLJƚŚĞ
ƚĞƌŵƐŽĨĂŶLJƐŽĨƚǁĂƌĞůŝĐĞŶƐĞĂƉƉůŝĐĂďůĞƚŽƚŚĞWƌŽĚƵĐƚƐƐƵƉƉůŝĞĚ͘
ϭϮ͘WdEd/EDE/dz͘^>>ZǁŝůůĚĞĨĞŶĚĂƚŝƚƐŽǁŶĞdžƉĞŶƐĞĂŶLJƐƵŝƚŝŶƐƚŝƚƵƚĞĚĂŐĂŝŶƐƚWhZ,^ZďĂƐĞĚƵƉŽŶĐůĂŝŵƐƚŚĂƚ
^>>Z͛ƐWƌŽĚƵĐƚŚĞƌĞƵŶĚĞƌŝŶĂŶĚŽĨŝƚƐĞůĨĐŽŶƐƚŝƚƵƚĞƐĂŶŝŶĨƌŝŶŐĞŵĞŶƚŽĨĂŶLJǀĂůŝĚ
ĂƉƉĂƌĂƚƵƐĐůĂŝŵƐŽĨĂŶLJhŶŝƚĞĚ^ƚĂƚĞƐƉĂƚĞŶƚŝƐƐƵĞĚĂŶĚĞdžŝƐƚŝŶŐĂƐŽĨƚŚĞĚĂƚĞŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͕ŝĨŶŽƚŝĨŝĞĚƉƌŽŵƉƚůLJŝŶǁƌŝƚŝŶŐĂŶĚ
ŐŝǀĞŶĂůůŝŶĨŽƌŵĂƚŝŽŶ͕ĂƐƐŝƐƚĂŶĐĞ͕ĂŶĚƐŽůĞĂƵƚŚŽƌŝƚLJƚŽĚĞĨĞŶĚĂŶĚƐĞƚƚůĞƚŚĞƐĂŵĞ͕ĂŶĚ^>>ZƐŚĂůůŝŶĚĞŵŶŝĨLJƚŚĞWhZ,^Z
ĂŐĂŝŶƐƚƐƵĐŚĐůĂŝŵƐŽĨŝŶĨƌŝŶŐĞŵĞŶƚ͘&ƵƌƚŚĞƌŵŽƌĞ͕ŝŶĐĂƐĞƚŚĞƵƐĞŽĨƚŚĞWƌŽĚƵĐƚƐŝƐĞŶũŽŝŶĞĚŝŶƐƵĐŚƐƵŝƚŽƌŝŶĐĂƐĞ^>>ZŽƚŚĞƌǁŝƐĞ
ĚĞĞŵƐŝƚĂĚǀŝƐĂďůĞ͕^>>ZƐŚĂůů͕ĂƚŝƚƐŽǁŶĞdžƉĞŶƐĞĂŶĚĚŝƐĐƌĞƚŝŽŶ͕;ĂͿƉƌŽĐƵƌĞĨŽƌƚŚĞWhZ,^ZƚŚĞƌŝŐŚƚƚŽĐŽŶƚŝŶƵĞƵƐŝŶŐƚŚĞ
WƌŽĚƵĐƚƐ͕;ďͿƌĞƉůĂĐĞƚŚĞƐĂŵĞǁŝƚŚŶŽŶͲŝŶĨƌŝŶŐŝŶŐWƌŽĚƵĐƚƐ͕;ĐͿŵŽĚŝĨLJƚŚĞWƌŽĚƵĐƚƐŽŝƚďĞĐŽŵĞƐŶŽŶͲŝŶĨƌŝŶŐŝŶŐ͕Žƌ;ĚͿƌĞŵŽǀĞƚŚĞ
WƌŽĚƵĐƚƐĂŶĚƌĞĨƵŶĚƚŚĞƉƵƌĐŚĂƐĞƉƌŝĐĞůĞƐƐĨƌĞŝŐŚƚĐŚĂƌŐĞƐĂŶĚĚĞƉƌĞĐŝĂƚŝŽŶ͘^>>ZƐŚĂůůŶŽƚďĞůŝĂďůĞĨŽƌ͕ĂŶĚWhZ,^ZƐŚĂůů
ŝŶĚĞŵŶŝĨLJ^>>ZĨŽƌ͕ĂŶLJĐůĂŝŵŽĨŝŶĨƌŝŶŐĞŵĞŶƚƌĞůĂƚĞĚƚŽ;ĂͿƚŚĞƵƐĞŽĨƚŚĞWƌŽĚƵĐƚƐĨŽƌĂŶLJƉƵƌƉŽƐĞŽƚŚĞƌƚŚĂŶƚŚĂƚĨŽƌǁŚŝĐŚŝƚ
ǁĂƐĨƵƌŶŝƐŚĞĚďLJ^>>Z͕;ďͿĐŽŵƉůŝĂŶĐĞǁŝƚŚĞƋƵŝƉŵĞŶƚĚĞƐŝŐŶƐŶŽƚĨƵƌŶŝƐŚĞĚďLJ^>>ZŽƌ;ĐͿƵƐĞŽĨƚŚĞWƌŽĚƵĐƚƐŝŶĐŽŵďŝŶĂƚŝŽŶ
ǁŝƚŚĂŶLJŽƚŚĞƌĞƋƵŝƉŵĞŶƚ͘dŚĞĨŽƌĞŐŽŝŶŐƐƚĂƚĞƐƚŚĞƐŽůĞůŝĂďŝůŝƚLJŽĨ^>>ZĨŽƌƉĂƚĞŶƚŝŶĨƌŝŶŐĞŵĞŶƚǁŝƚŚƌĞƐƉĞĐƚƚŽƚŚĞWƌŽĚƵĐƚƐ͘
ϭϯ͘'EZ>/EDE/dz͘^ƵďũĞĐƚƚŽƚŚĞůŝŵŝƚĂƚŝŽŶƐŽĨůŝĂďŝůŝƚŝĞƐŽĨƚŚĞƉĂƌƚŝĞƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐŐƌĞĞŵĞŶƚ͕ĞĂĐŚƉĂƌƚLJƐŚĂůůƉƌŽƚĞĐƚ
ĂŶĚŝŶĚĞŵŶŝĨLJƚŚĞŽƚŚĞƌƉĂƌƚLJ͕ŝƚƐƉĂƌĞŶƚĂŶĚƚŚĞŝƌƌĞƐƉĞĐƚŝǀĞŽĨĨŝĐĞƌƐ͕ĚŝƌĞĐƚŽƌƐ͕ĞŵƉůŽLJĞĞƐĂŶĚĂŐĞŶƚƐ͕ĨƌŽŵĂŶĚĂŐĂŝŶƐƚĂůůĐůĂŝŵƐ͕
ĚĞŵĂŶĚƐĂŶĚĐĂƵƐĞƐŽĨĂĐƚŝŽŶĂƐƐĞƌƚĞĚďLJ͕ŽƌŝŶĨĂǀŽƌŽĨ͕ĂŶLJĞŶƚŝƚLJƚŽƚŚĞĞdžƚĞŶƚŽĨƚŚĞŝŶĚĞŵŶŝĨLJŝŶŐƉĂƌƚLJ͛ƐŶĞŐůŝŐĞŶĐĞŽƌǁŝůůĨƵů
ŵŝƐĐŽŶĚƵĐƚŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚ͘
ϭϰ͘&h>d͕dZD/Ed/KE͘/ŶƚŚĞĞǀĞŶƚƚŚĂƚWhZ,^ZďĞĐŽŵĞƐŝŶƐŽůǀĞŶƚ͕ĐŽŵŵŝƚƐĂŶĂĐƚŽĨďĂŶŬƌƵƉƚĐLJŽƌĚĞĨĂƵůƚƐŝŶƚŚĞ
ƉĞƌĨŽƌŵĂŶĐĞŽĨĂŶLJƚĞƌŵŽƌĐŽŶĚŝƚŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͕ƚŚĞĞŶƚŝƌĞƵŶƉĂŝĚƉŽƌƚŝŽŶŽĨƚŚĞƉƵƌĐŚĂƐĞƉƌŝĐĞƐŚĂůů͕ǁŝƚŚŽƵƚŶŽƚŝĐĞŽƌ
ĚĞŵĂŶĚ͕ďĞĐŽŵĞŝŵŵĞĚŝĂƚĞůLJĚƵĞĂŶĚƉĂLJĂďůĞ͘^>>ZĂƚŝƚƐŽƉƚŝŽŶ͕ǁŝƚŚŽƵƚŶŽƚŝĐĞŽƌĚĞŵĂŶĚ͕ƐŚĂůůďĞĞŶƚŝƚůĞĚƚŽƐƵĞĨŽƌƐĂŝĚ
ďĂůĂŶĐĞĂŶĚĨŽƌƌĞĂƐŽŶĂďůĞůĞŐĂůĨĞĞƐ͕ƉůƵƐŽƵƚͲŽĨͲƉŽĐŬĞƚĞdžƉĞŶƐĞƐĂŶĚŝŶƚĞƌĞƐƚ͖ĂŶĚͬŽƌƚŽĞŶƚĞƌĂŶLJƉůĂĐĞǁŚĞƌĞƚŚĞWƌŽĚƵĐƚƐĂƌĞ
ůŽĐĂƚĞĚĂŶĚƚŽƚĂŬĞŝŵŵĞĚŝĂƚĞƉŽƐƐĞƐƐŝŽŶŽĨĂŶĚƌĞŵŽǀĞƚŚĞWƌŽĚƵĐƚƐ͕ǁŝƚŚŽƌǁŝƚŚŽƵƚůĞŐĂůƉƌŽĐĞƐƐ͖ĂŶĚͬŽƌƌĞƚĂŝŶĂůůƉĂLJŵĞŶƚƐ
ŵĂĚĞĂƐĐŽŵƉĞŶƐĂƚŝŽŶĨŽƌƚŚĞƵƐĞŽĨƚŚĞWƌŽĚƵĐƚƐ͗ĂŶĚͬŽƌƌĞƐĞůůƚŚĞWƌŽĚƵĐƚƐ͕ǁŝƚŚŽƵƚŶŽƚŝĐĞŽƌĚĞŵĂŶĚ͕ĨŽƌĂŶĚŽŶďĞŚĂůĨŽĨƚŚĞ
WhZ,^Z͕ĂŶĚƚŽĂƉƉůLJƚŚĞŶĞƚƉƌŽĐĞĞĚƐĨƌŽŵƐƵĐŚƐĂůĞ;ĂĨƚĞƌĚĞĚƵĐƚŝŽŶĨƌŽŵƚŚĞƐĂůĞƉƌŝĐĞŽĨĂůůĞdžƉĞŶƐĞƐŽĨƐƵĐŚƐĂůĞĂŶĚĂůů
ĞdžƉĞŶƐĞƐŽĨƌĞƚĂŬŝŶŐƉŽƐƐĞƐƐŝŽŶ͕ƌĞƉĂŝƌƐŶĞĐĞƐƐĂƌLJƚŽƉƵƚƚŚĞWƌŽĚƵĐƚƐŝŶƐĂůĞĂďůĞĐŽŶĚŝƚŝŽŶ͕ƐƚŽƌĂŐĞĐŚĂƌŐĞƐ͕ƚĂdžĞƐ͕ůŝĞŶƐ͕ĐŽůůĞĐƚŝŽŶ
ĂŶĚůĞŐĂůĨĞĞƐĂŶĚĂůůŽƚŚĞƌĞdžƉĞŶƐĞƐŝŶĐŽŶŶĞĐƚŝŽŶƚŚĞƌĞǁŝƚŚͿƚŽƚŚĞďĂůĂŶĐĞƚŚĞŶĚƵĞƚŽ^>>ZĨŽƌƚŚĞWƌŽĚƵĐƚƐĂŶĚƚŽƌĞĐĞŝǀĞ
ĨƌŽŵƚŚĞWhZ,^ZƚŚĞĚĞĨŝĐŝĞŶĐLJďĞƚǁĞĞŶƐƵĐŚŶĞƚƉƌŽĐĞĞĚƐŽĨƐĂůĞĂŶĚƐƵĐŚďĂůĂŶĐĞ͘WhZ,^ZŚĞƌĞďLJǁĂŝǀĞƐĂůůƚƌĞƐƉĂƐƐ͕
ĚĂŵĂŐĞĂŶĚĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵĂŶLJƐƵĐŚĞŶƚƌLJ͕ƌĞƉŽƐƐĞƐƐŝŽŶ͕ƌĞŵŽǀĂů͕ƌĞƚĞŶƚŝŽŶ͕ƌĞƉĂŝƌ͕ĂůƚĞƌĂƚŝŽŶĂŶĚƐĂůĞ͘dŚĞƌĞŵĞĚŝĞƐ
ƉƌŽǀŝĚĞĚŝŶƚŚŝƐƉĂƌĂŐƌĂƉŚĂƌĞŝŶĂĚĚŝƚŝŽŶƚŽĂŶĚŶŽƚůŝŵŝƚĂƚŝŽŶƐŽĨĂŶLJŽƚŚĞƌƌŝŐŚƚƐŽĨ^>>Z͘
ϭϱ͘E>>d/KE͘WhZ,^ZŵĂLJƚĞƌŵŝŶĂƚĞƚŚŝƐŐƌĞĞŵĞŶƚĨŽƌĐŽŶǀĞŶŝĞŶĐĞƵƉŽŶŐŝǀŝŶŐ^>>ZƚŚŝƌƚLJ;ϯϬͿĚĂLJƐƉƌŝŽƌǁƌŝƚƚĞŶ
ŶŽƚŝĐĞŽĨƐƵĐŚĨĂĐƚĂŶĚƉĂLJŝŶŐ^>>ZĨŽƌĂůůĐŽƐƚƐĂŶĚĞdžƉĞŶƐĞƐ;ŝŶĐůƵĚŝŶŐŽǀĞƌŚĞĂĚͿŝŶĐƵƌƌĞĚďLJŝƚŝŶƉĞƌĨŽƌŵŝŶŐŝƚƐǁŽƌŬĂŶĚĐůŽƐŝŶŐ
ŽƵƚƚŚĞƐĂŵĞƉůƵƐĂƌĞĂƐŽŶĂďůĞƉƌŽĨŝƚƚŚĞƌĞŽŶ͘ůůƐƵĐŚĐŽƐƚƐĂŶĚĞdžƉĞŶƐĞƐƐŚĂůůďĞƉĂŝĚƚŽ^>>ZǁŝƚŚŝŶƚĞŶ;ϭϬͿĚĂLJƐŽĨƚŚĞ
ƚĞƌŵŝŶĂƚŝŽŶŽĨƚŚĞŐƌĞĞŵĞŶƚ͕ŽƌďĞƐƵďũĞĐƚƚŽĂŶĂĚĚŝƚŝŽŶĂůůĂƚĞƉĂLJŵĞŶƚƉĞŶĂůƚLJŽĨĨŝǀĞƉĞƌĐĞŶƚ;ϱйͿŽĨƚŚĞƚŽƚĂůĂŵŽƵŶƚŽĨĐŽƐƚƐ
ĂŶĚĞdžƉĞŶƐĞƐŽǁĞĚ͘
ϭϲ͘ZD/^͘dŚĞƌŝŐŚƚƐĂŶĚƌĞŵĞĚŝĞƐŽĨƚŚĞWhZ,^ZŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚĞŐŽŽĚƐĂŶĚƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚďLJ^>>ZŚĞƌĞƵŶĚĞƌ
ĂƌĞĞdžĐůƵƐŝǀĞĂŶĚůŝŵŝƚĞĚƚŽƚŚĞƌŝŐŚƚƐĂŶĚƌĞŵĞĚŝĞƐĞdžƉƌĞƐƐůLJƐƚĂƚĞĚŝŶƚŚŝƐŐƌĞĞŵĞŶƚ͘
ϭϳ͘/E^Wd/KE͘WhZ,^ZŝƐĞŶƚŝƚůĞĚƚŽŵĂŬĞƌĞĂƐŽŶĂďůĞŝŶƐƉĞĐƚŝŽŶŽĨWƌŽĚƵĐƚƐĂƚ^>>Z͛ƐĨĂĐŝůŝƚLJ͘^>>ZƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽ
ĚĞƚĞƌŵŝŶĞƚŚĞƌĞĂƐŽŶĂďůĞŶĞƐƐŽĨƚŚĞƌĞƋƵĞƐƚĂŶĚƚŽƐĞůĞĐƚĂŶĂƉƉƌŽƉƌŝĂƚĞƚŝŵĞĨŽƌƐƵĐŚŝŶƐƉĞĐƚŝŽŶ͘ůůĐŽƐƚƐŽĨŝŶƐƉĞĐƚŝŽŶƐŶŽƚ
ĞdžƉƌĞƐƐůLJŝŶĐůƵĚĞĚĂƐĂŶŝƚĞŵŝnjĞĚƉĂƌƚŽĨƚŚĞƋƵŽƚĞĚƉƌŝĐĞŽĨƚŚĞWƌŽĚƵĐƚƐŝŶƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůďĞƉĂŝĚďLJWhZ,^Z͘
ϭϴ͘t/sZ͘ŶLJĨĂŝůƵƌĞďLJ^>>ZƚŽĞŶĨŽƌĐĞWhZ,^Z͛ƐƐƚƌŝĐƚƉĞƌĨŽƌŵĂŶĐĞŽĨĂŶLJƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚǁŝůůŶŽƚĐŽŶƐƚŝƚƵƚĞ
ĂǁĂŝǀĞƌŽĨŝƚƐƌŝŐŚƚƚŽƐƵďƐĞƋƵĞŶƚůLJĞŶĨŽƌĐĞƐƵĐŚƉƌŽǀŝƐŝŽŶŽƌĂŶLJŽƚŚĞƌƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘
ϭϵ͘KDW>/Et/d,>t^͘/ĨĂƉƉůŝĐĂďůĞůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌĞŐƵůĂƚŝŽŶƐŽƌĐŽŶĚŝƚŝŽŶƐƌĞƋƵŝƌĞĂŶLJƚŚŝŶŐĚŝĨĨĞƌĞŶƚĨƌŽŵ͕ŽƌŝŶ
ĂĚĚŝƚŝŽŶƚŽƚŚĂƚĐĂůůĞĚĨŽƌďLJƚŚŝƐŐƌĞĞŵĞŶƚ͕^>>ZǁŝůůƐĂƚŝƐĨLJƐƵĐŚƌĞƋƵŝƌĞŵĞŶƚƐĂƚWhZ,^ZΖ^ǁƌŝƚƚĞŶƌĞƋƵĞƐƚĂŶĚĞdžƉĞŶƐĞ͘
ϮϬ͘&KZD:hZ͘/Ĩ^>>ZŝƐƌĞŶĚĞƌĞĚƵŶĂďůĞ͕ǁŚŽůůLJŽƌŝŶŵĂƚĞƌŝĂůƉĂƌƚ͕ĚŝƌĞĐƚůLJŽƌŝŶĚŝƌĞĐƚůLJ͕ďLJƌĞĂƐŽŶŽĨ&ŽƌĐĞDĂũĞƵƌĞ͕ƚŽ
ĐĂƌƌLJŽƵƚĂŶLJŽĨŝƚƐŽďůŝŐĂƚŝŽŶƐŚĞƌĞƵŶĚĞƌ͕ƚŚĞŶŽŶ^>>Z͛ƐŶŽƚŝĐĞŝŶǁƌŝƚŝŶŐƚŽWhZ,^ZǁŝƚŚŝŶĂƌĞĂƐŽŶĂďůĞƚŝŵĞĂĨƚĞƌƚŚĞ
ŽĐĐƵƌƌĞŶĐĞŽĨƚŚĞĐĂƵƐĞƌĞůŝĞĚƵƉŽŶ͕ƐƵĐŚŽďůŝŐĂƚŝŽŶƐƐŚĂůůďĞƐƵƐƉĞŶĚĞĚ͘͞&ŽƌĐĞDĂũĞƵƌĞ͟ƐŚĂůůŝŶĐůƵĚĞ͕ďƵƚŶŽƚďĞůŝŵŝƚĞĚƚŽ͕ĂĐƚƐ
ŽĨ'ŽĚ͕ĞƉŝĚĞŵŝĐƐĂŶĚƉĂŶĚĞŵŝĐƐ͕ĂĐƚƐŽĨŽƌĚĞůĂLJƐĐĂƵƐĞĚďLJŐŽǀĞƌŶŵĞŶƚĂůĂƵƚŚŽƌŝƚŝĞƐ͕ĐŚĂŶŐĞƐŝŶůĂǁƐĂŶĚƌĞŐƵůĂƚŝŽŶƐ͕ƐƚƌŝŬĞƐ͕
Đŝǀŝů ĚŝƐŽďĞĚŝĞŶĐĞ Žƌ ƵŶƌĞƐƚ͕ ůŝŐŚƚŶŝŶŐ͕ ĨŝƌĞ͕ ĨůŽŽĚ͕ ǁĂƐŚŽƵƚ͕ƐƚŽƌŵ͕ĐŽŵŵƵŶŝĐĂƚŝŽŶůŝŶĞƐĨĂŝůƵƌĞ͕ĚĞůĂLJƐŽĨƚŚĞWhZ,^ZŽƌ
WhZ,^Z͛ƐƐƵďĐŽŶƚƌĂĐƚŽƌƐ͕ďƌĞĂŬĂŐĞŽƌĂĐĐŝĚĞŶƚƚŽĞƋƵŝƉŵĞŶƚŽƌŵĂĐŚŝŶĞƌLJ͕ǁĂƌƐ͕ƉŽůŝĐĞĂĐƚŝŽŶƐ͕ƚĞƌƌŽƌŝƐŵ͕ĞŵďĂƌŐŽƐ͕ĂŶĚĂŶLJ
ŽƚŚĞƌĐĂƵƐĞƐƚŚĂƚĂƌĞŶŽƚƌĞĂƐŽŶĂďůLJǁŝƚŚŝŶƚŚĞĐŽŶƚƌŽůŽĨƚŚĞ^>>Z͘/ĨƚŚĞĚĞůĂLJŝƐƚŚĞƌĞƐƵůƚŽĨWhZ,^Z͛ƐĂĐƚŝŽŶŽƌŝŶĂĐƚŝŽŶ͕
ƚŚĞŶŝŶĂĚĚŝƚŝŽŶƚŽĂŶĂĚũƵƐƚŵĞŶƚŝŶƚŝŵĞ͕^>>ZƐŚĂůůďĞĞŶƚŝƚůĞĚƚŽƌĞŝŵďƵƌƐĞŵĞŶƚŽĨĐŽƐƚƐŝŶĐƵƌƌĞĚƚŽŵĂŝŶƚĂŝŶŝƚƐƐĐŚĞĚƵůĞ͘&Žƌ
ƚŚĞĂǀŽŝĚĂŶĐĞŽĨĚŽƵďƚ͕ŝĨƚŚĞĐĂƵƐĞƌĞůŝĞĚƵƉŽŶŚĂƐĐŽŵŵĞŶĐĞĚƉƌŝŽƌƚŽƚŚĞWĂƌƚŝĞƐĞŶƚĞƌĞĚŝŶƚŽĂĐŽŶƚƌĂĐƚŝŶŐƌĞůĂƚŝŽŶƐŚŝƉ͕ŝƚƐŚĂůů
ŶŽƚƌĞŶĚĞƌƚŚĞĐĂƵƐĞǀŽŝĚĂŶĚͬŽƌŶŽƚĐĂƉĂďůĞŽĨďĞŝŶŐŝŶĐůƵĚĞĚǁŝƚŚŝŶƚŚĞĚĞĨŝŶŝƚŝŽŶƐŽĨ&ŽƌĐĞDĂũĞƵƌĞ͕ĂƐůŝƐƚĞĚǁŝƚŚŝŶƚŚŝƐƌƚŝĐůĞ
ϮϬ͘
Ϯϭ͘/EWEEdKEdZdKZ͘/ƚŝƐĞdžƉƌĞƐƐůLJƵŶĚĞƌƐƚŽŽĚƚŚĂƚ^>>ZŝƐĂŶŝŶĚĞƉĞŶĚĞŶƚĐŽŶƚƌĂĐƚŽƌ͕ĂŶĚƚŚĂƚŶĞŝƚŚĞƌ^>>ZŶŽƌ
ŝƚƐƉƌŝŶĐŝƉĂůƐ͕ƉĂƌƚŶĞƌƐ͕ƉĂƌĞŶƚƐ͕ƐƵďƐŝĚŝĂƌŝĞƐ͕ĂĨĨŝůŝĂƚĞƐ͕ĞŵƉůŽLJĞĞƐŽƌƐƵďĐŽŶƚƌĂĐƚŽƌƐĂƌĞƐĞƌǀĂŶƚƐ͕ĂŐĞŶƚƐ͕ƉĂƌƚŶĞƌƐ͕ũŽŝŶƚǀĞŶƚƵƌĞƐ
ŽƌĞŵƉůŽLJĞĞƐŽĨWhZ,^ZŝŶĂŶLJǁĂLJǁŚĂƚƐŽĞǀĞƌ͘
ϮϮ͘^sZ/>/dz͘^ŚŽƵůĚĂŶLJƉŽƌƚŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͕ďĞŚĞůĚƚŽďĞŝŶǀĂůŝĚŽƌƵŶĞŶĨŽƌĐĞĂďůĞƵŶĚĞƌĂƉƉůŝĐĂďůĞůĂǁƚŚĞŶƚŚĞ
ǀĂůŝĚŝƚLJŽĨƚŚĞƌĞŵĂŝŶŝŶŐƉŽƌƚŝŽŶƐƚŚĞƌĞŽĨƐŚĂůůŶŽƚďĞĂĨĨĞĐƚĞĚďLJƐƵĐŚŝŶǀĂůŝĚŝƚLJŽƌƵŶĞŶĨŽƌĐĞĂďŝůŝƚLJĂŶĚƐŚĂůůƌĞŵĂŝŶŝŶĨƵůůĨŽƌĐĞ
ĂŶĚĞĨĨĞĐƚ͘&ƵƌƚŚĞƌŵŽƌĞ͕ĂŶLJŝŶǀĂůŝĚŽƌƵŶĞŶĨŽƌĐĞĂďůĞƉƌŽǀŝƐŝŽŶƐŚĂůůďĞŵŽĚŝĨŝĞĚĂĐĐŽƌĚŝŶŐůLJǁŝƚŚŝŶƚŚĞĐŽŶĨŝŶĞƐŽĨĂƉƉůŝĐĂďůĞůĂǁ͕ŐŝǀŝŶŐ
ŵĂdžŝŵƵŵƉĞƌŵŝƐƐŝďůĞĞĨĨĞĐƚƚŽƚŚĞƉĂƌƚŝĞƐ͛ŝŶƚĞŶƚŝŽŶƐĞdžƉƌĞƐƐĞĚŚĞƌĞŝŶ͘
Ϯϯ͘,K/K&>t͕,K/K&sEh͘dŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůďĞŐŽǀĞƌŶĞĚĂŶĚĐŽŶƐƚƌƵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂǁƐŽĨƚŚĞ^ƚĂƚĞ
ŽĨdĞdžĂƐ͕ǁŝƚŚŽƵƚƌĞŐĂƌĚƚŽŝƚƐƌƵůĞƐƌĞŐĂƌĚŝŶŐĐŽŶĨůŝĐƚƐŽƌĐŚŽŝĐĞŽĨůĂǁ͘dŚĞƉĂƌƚŝĞƐƐƵďŵŝƚƚŽƚŚĞĞdžĐůƵƐŝǀĞũƵƌŝƐĚŝĐƚŝŽŶĂŶĚǀĞŶƵĞ
ŽĨƚŚĞƐƚĂƚĞĂŶĚĨĞĚĞƌĂůĐŽƵƌƚƐůŽĐĂƚĞĚŝŶ,ĂƌƌŝƐŽƵŶƚLJ͕dĞdžĂƐ͘
Ϯϰ͘^^/'EDEd͘WhZ,^ZƐŚĂůůŶŽƚĂƐƐŝŐŶŽƌƚƌĂŶƐĨĞƌƚŚŝƐŐƌĞĞŵĞŶƚǁŝƚŚŽƵƚƚŚĞƉƌŝŽƌǁƌŝƚƚĞŶĐŽŶƐĞŶƚŽĨƚŚĞ^>>Z͘ŶLJ
ĂƚƚĞŵƉƚƚŽŵĂŬĞƐƵĐŚĂŶĂƐƐŝŐŶŵĞŶƚŽƌƚƌĂŶƐĨĞƌƐŚĂůůďĞŶƵůůĂŶĚǀŽŝĚ͘^>>ZƐŚĂůůŚĂǀĞƚŚĞĂƵƚŚŽƌŝƚLJƚŽĂƐƐŝŐŶ͕ŽƌŽƚŚĞƌǁŝƐĞ
ƚƌĂŶƐĨĞƌ͕ŝƚƐƌŝŐŚƚƐĂŶĚŽďůŝŐĂƚŝŽŶƐŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚŝƐŐƌĞĞŵĞŶƚ͕ŝŶǁŚŽůĞŽƌŝŶƉĂƌƚ͕ƵƉŽŶƉƌŝŽƌǁƌŝƚƚĞŶŶŽƚŝĐĞƚŽWhZ,^Z͘
Ϯϱ͘>/D/dd/KEKE>//>/dz͘dKd,ydEdWZD/^^/>z>t͕^>>Z^,>>,sEK&hZd,Z>//>/dz/EKEEd/KE
t/d,d,/^'ZDEd/Ey^^K&d,DKhEdW/zWhZ,^Z&KZd,WZKhd^'/s/E'Z/^dK^h,>//>/dz͘
EKdt/d,^dE/E'Ez>//>/d/^KZZ^WKE^//>/d/^^^hDz^>>Z,ZhEZ͕^>>Z^,>>/EEKsEd
Z^WKE^/>dKWhZ,^ZKZEzd,/ZWZdz͕t,d,ZZ/^/E'hEZKEdZd͕dKZd;/E>h/E'E'>/'EͿ͕^dZ/d
>//>/dz͕KZKd,Zt/^͕&KZ>K^^K&Ed//WdWZK&/d^͕>K^^zZ^KEK&W>Ed^,hdKtE͕EKEͲKWZd/KEKZ/EZ^
yWE^K&KWZd/KE͕>K^^K&d͕^Zs//EdZZhWd/KE^͕K^dK&WhZ,^KZZW>DEdWKtZ͕K^dK&DKEz͕
>K^^K&h^K&W/d>KZZsEhKZEzKd,Z/E/Zd͕/E/Ed>͕^W/>͕WhE/d/s͕yDW>Zz͕KZKE^YhEd/>
>K^^KZD'͕t,d,ZZ/^/E'&ZKD&d^͕>z͕KZ&ZKDEzKd,Zh^t,d^KsZ͘
Ϯϲ͘WZ/szEdWZKdd/KE͘^ĞůůĞƌŚĂƐƉƵƚŝŶƉůĂĐĞƌŝŐŽƌŽƵƐƐĂĨĞŐƵĂƌĚƐĂŶĚƉƌŽĐĞĚƵƌĞƐƌĞŐĂƌĚŝŶŐƉƌŝǀĂĐLJĂŶĚĚĂƚĂƉƌŽƚĞĐƚŝŽŶ͕
ŶŽƚĂďůLJƚŚĞKǀŝǀŽWƌŝǀĂĐLJWŽůŝĐLJ;ŽǀŝǀŽǁĂƚĞƌ͘ĐŽŵͬƉƌŝǀĂĐLJͲƉŽůŝĐLJͿ͕ĂŶĚƌĞƋƵŝƌĞƐƚŚĂƚWƵƌĐŚĂƐĞƌĂĚŚĞƌĞƚŽŝƚƐĚĂƚĂƉƌŽƚĞĐƚŝŽŶƉƌŝŶĐŝƉůĞƐƚŽƚŚĞ
ĞdžƚĞŶƚĂƉƉůŝĐĂďůĞƚŽWƵƌĐŚĂƐĞƌ͘
Ϯϳ͘dK>>d/KE͘WhZ,^ZĐŽŶƐĞŶƚƐƚŽƚŚĞĐŽůůĞĐƚŝŽŶŽĨƚŚĞWƌŽĚƵĐƚƐ͛ŽƉĞƌĂƚŝŽŶĂůĚĂƚĂĂŶĚƚŽƚŚĞƵƐĞŽĨƐƵĐŚĚĂƚĂĨŽƌƚŚĞƉƵƌƉŽƐĞ
ŽĨŝŵƉƌŽǀŝŶŐƚŚĞWƌŽĚƵĐƚƐĂŶĚŽƚŚĞƌƉƵƌƉŽƐĞƐƐƚĂƚĞĚŚĞƌĞŝŶ͘WhZ,^ZĨƵƌƚŚĞƌĂŐƌĞĞƐƚŚĂƚƐƵĐŚĚĂƚĂĐŽůůĞĐƚŝŽŶĚŽĞƐŶŽƚĐŽŶƐƚŝƚƵƚĞĂ
ƉĞƌĨŽƌŵĂŶĐĞŵŽŶŝƚŽƌŝŶŐƐĞƌǀŝĐĞŽƌŽƚŚĞƌĚƵƚLJďLJ^>>Z͘
Ϯϴ͘/E^hZE͘^>>ZƐŚĂůůŵĂŝŶƚĂŝŶŝƚƐĐƵƌƌĞŶƚůĞǀĞůƐŽĨŝŶƐƵƌĂŶĐĞĨŽƌƚŚĞĚƵƌĂƚŝŽŶŽĨƚŚĞĂďŽǀĞͲƌĞĨĞƌĞŶĐĞĚŵĞĐŚĂŶŝĐĂůǁĂƌƌĂŶƚLJƉĞƌŝŽĚĂƐ
ƐĞƚĨŽƌƚŚŝŶŝƚƐƐƚĂŶĚĂƌĚĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞ͕ĂǀĂŝůĂďůĞƚŽWhZ,^ZƵƉŽŶƌĞƋƵĞƐƚ͘
Ϯϵ͘KE^͘hƉŽŶWhZ,^ZƌĞƋƵĞƐƚǁŝƚŚŝŶĨŝĨƚĞĞŶ;ϭϱͿĐĂůĞŶĚĂƌĚĂLJƐŽĨ^>>Z͛ƐƌĞĐĞŝƉƚŽĨĂŶŽƌĚĞƌ͕^>>ZƐŚĂůůƉƌŽǀŝĚĞĂďŽŶĚŝŶĨĂǀŽƌ
ŽĨWhZ,^Z͕ĂƚWhZ,^Z͛ƐĞdžƉĞŶƐĞ͕ďLJĂŶŝŶƐƚŝƚƵƚŝŽŶ͕ĂŶĚŝŶĂĨŽƌŵ͕ĂƉƉƌŽǀĞĚŝŶĂĚǀĂŶĐĞďLJ^>>Z͘ŶLJƉĞƌĨŽƌŵĂŶĐĞĂŶĚͬŽƌƉĂLJŵĞŶƚ
ďŽŶĚĂŐƌĞĞĚƚŽďĞƉƌŽǀŝĚĞĚďLJ^>>ZǁŝůůĞdžƚĞŶĚƚŽƐƵƉƉůLJŽĨĞƋƵŝƉŵĞŶƚĂŶĚƐĞƌǀŝĐĞƐĨŽƌĂƉĞƌŝŽĚŶŽƚƚŽĞdžĐĞĞĚƚŚĞĨŝƌƐƚƚǁĞŶƚLJĨŽƵƌ;ϮϰͿ
ŵŽŶƚŚƐŽĨƚŚĞƐĞƌǀŝĐĞŽƌǁĂƌƌĂŶƚLJƉĞƌŝŽĚ͕ĂŶĚĨŽƌĂǀĂůƵĞŶŽƚƚŽĞdžĐĞĞĚƚŚĞƚŽƚĂůƉƌŝĐĞŽĨƚŚĞĐŽŶƚƌĂĐƚ͘
ϯϬ͘WZD/d^͘WhZ,^ZƐŚĂůůďĞƐŽůĞůLJƌĞƐƉŽŶƐŝďůĞƚŽŽďƚĂŝŶĂŶĚŵĂŝŶƚĂŝŶŝŶĨŽƌĐĞĂůůŶĞĐĞƐƐĂƌLJƉĞƌŵŝƚƐǁŝƚŚƌĞƐƉĞĐƚƚŽĂŶLJWƌŽĚƵĐƚƐƚŽďĞ
ƉƌŽǀŝĚĞĚďLJ^>>ZŚĞƌĞƵŶĚĞƌĂŶĚĂŶLJŝŶƚĞŶĚĞĚƵƐĞŽĨƐƵĐŚWƌŽĚƵĐƚƐďLJWhZ,^Z͘
Zs/^ʹ:ĂŶƵĂƌLJϮϬϮϮ
>K^^zZ^KEK&W>Ed^,hdKtE͕EKEͲKWZd/KEKZ/EZ^yWE^ K& KWZd/KE͕ >K^^ K& d͕ ^Zs/
/EdZZhWd/KE^͕K^dK&WhZ,^KZZW>DEdWKtZ͕K^dK&DKEz͕>K^^K&h^K&W/d>KZZsEhKZEz
Kd,Z/E/Zd͕/E/Ed>͕^W/>͕WhE/d/s͕yDW>Zz͕KZKE^YhEd/>>K^^KZD'͕t,d,ZZ/^/E'
&ZKD&d^͕>z͕KZ&ZKDEzKd,Zh^t,d^KsZ͘
Ϯϲ͘WZ/szEdWZKdd/KE͘^ĞůůĞƌŚĂƐƉƵƚŝŶƉůĂĐĞƌŝŐŽƌŽƵƐƐĂĨĞŐƵĂƌĚƐĂŶĚƉƌŽĐĞĚƵƌĞƐƌĞŐĂƌĚŝŶŐƉƌŝǀĂĐLJĂŶĚĚĂƚĂƉƌŽƚĞĐƚŝŽŶ͕
ŶŽƚĂďůLJƚŚĞKǀŝǀŽWƌŝǀĂĐLJWŽůŝĐLJ;ŽǀŝǀŽǁĂƚĞƌ͘ĐŽŵͬƉƌŝǀĂĐLJͲƉŽůŝĐLJͿ͕ĂŶĚƌĞƋƵŝƌĞƐƚŚĂƚWƵƌĐŚĂƐĞƌĂĚŚĞƌĞƚŽŝƚƐĚĂƚĂƉƌŽƚĞĐƚŝŽŶƉƌŝŶĐŝƉůĞƐƚŽƚŚĞ
ĞdžƚĞŶƚĂƉƉůŝĐĂďůĞƚŽWƵƌĐŚĂƐĞƌ͘
Ϯϳ͘dK>>d/KE͘WhZ,^ZĐŽŶƐĞŶƚƐƚŽƚŚĞĐŽůůĞĐƚŝŽŶŽĨƚŚĞWƌŽĚƵĐƚƐ͛ŽƉĞƌĂƚŝŽŶĂůĚĂƚĂĂŶĚƚŽƚŚĞƵƐĞŽĨƐƵĐŚĚĂƚĂĨŽƌƚŚĞƉƵƌƉŽƐĞ
ŽĨŝŵƉƌŽǀŝŶŐƚŚĞWƌŽĚƵĐƚƐĂŶĚŽƚŚĞƌƉƵƌƉŽƐĞƐƐƚĂƚĞĚŚĞƌĞŝŶ͘WhZ,^ZĨƵƌƚŚĞƌĂŐƌĞĞƐƚŚĂƚƐƵĐŚĚĂƚĂĐŽůůĞĐƚŝŽŶĚŽĞƐŶŽƚĐŽŶƐƚŝƚƵƚĞĂ
ƉĞƌĨŽƌŵĂŶĐĞŵŽŶŝƚŽƌŝŶŐƐĞƌǀŝĐĞŽƌŽƚŚĞƌĚƵƚLJďLJ^>>Z͘
Ϯϴ͘/E^hZE͘^>>ZƐŚĂůůŵĂŝŶƚĂŝŶŝƚƐĐƵƌƌĞŶƚůĞǀĞůƐŽĨŝŶƐƵƌĂŶĐĞĨŽƌƚŚĞĚƵƌĂƚŝŽŶŽĨƚŚĞĂďŽǀĞͲƌĞĨĞƌĞŶĐĞĚŵĞĐŚĂŶŝĐĂůǁĂƌƌĂŶƚLJƉĞƌŝŽĚĂƐ
ƐĞƚĨŽƌƚŚŝŶŝƚƐƐƚĂŶĚĂƌĚĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞ͕ĂǀĂŝůĂďůĞƚŽWhZ,^ZƵƉŽŶƌĞƋƵĞƐƚ͘
Ϯϵ͘KE^͘hƉŽŶWhZ,^ZƌĞƋƵĞƐƚǁŝƚŚŝŶĨŝĨƚĞĞŶ;ϭϱͿĐĂůĞŶĚĂƌĚĂLJƐŽĨ^>>Z͛ƐƌĞĐĞŝƉƚŽĨĂŶŽƌĚĞƌ͕^>>ZƐŚĂůůƉƌŽǀŝĚĞĂďŽŶĚŝŶĨĂǀŽƌ
ŽĨWhZ,^Z͕ĂƚWhZ,^Z͛ƐĞdžƉĞŶƐĞ͕ďLJĂŶŝŶƐƚŝƚƵƚŝŽŶ͕ĂŶĚŝŶĂĨŽƌŵ͕ĂƉƉƌŽǀĞĚŝŶĂĚǀĂŶĐĞďLJ^>>Z͘ŶLJƉĞƌĨŽƌŵĂŶĐĞĂŶĚͬŽƌƉĂLJŵĞŶƚ
ďŽŶĚĂŐƌĞĞĚƚŽďĞƉƌŽǀŝĚĞĚďLJ^>>ZǁŝůůĞdžƚĞŶĚƚŽƐƵƉƉůLJŽĨĞƋƵŝƉŵĞŶƚĂŶĚƐĞƌǀŝĐĞƐĨŽƌĂƉĞƌŝŽĚŶŽƚƚŽĞdžĐĞĞĚƚŚĞĨŝƌƐƚƚǁĞŶƚLJĨŽƵƌ;ϮϰͿ
ŵŽŶƚŚƐŽĨƚŚĞƐĞƌǀŝĐĞŽƌǁĂƌƌĂŶƚLJƉĞƌŝŽĚ͕ĂŶĚĨŽƌĂǀĂůƵĞŶŽƚƚŽĞdžĐĞĞĚƚŚĞƚŽƚĂůƉƌŝĐĞŽĨƚŚĞĐŽŶƚƌĂĐƚ͘
ϯϬ͘WZD/d^͘WhZ,^ZƐŚĂůůďĞƐŽůĞůLJƌĞƐƉŽŶƐŝďůĞƚŽŽďƚĂŝŶĂŶĚŵĂŝŶƚĂŝŶŝŶĨŽƌĐĞĂůůŶĞĐĞƐƐĂƌLJƉĞƌŵŝƚƐǁŝƚŚƌĞƐƉĞĐƚƚŽĂŶLJWƌŽĚƵĐƚƐƚŽďĞ
ƉƌŽǀŝĚĞĚďLJ^>>ZŚĞƌĞƵŶĚĞƌĂŶĚĂŶLJŝŶƚĞŶĚĞĚƵƐĞŽĨƐƵĐŚWƌŽĚƵĐƚƐďLJWhZ,^Z͘
Zs/^ʹ:ĂŶƵĂƌLJϮϬϮϮ
&/>^Zs/Zd^,d;KdKZϮϬϮϭͿ
ϭWƌŝĐĞƐƐƵďũĞĐƚƚŽĐŚĂŶŐĞǁŝƚŚŽƵƚƉƌŝŽƌǁƌŝƚƚĞŶŶŽƚŝĐĞ͘
ϮsĂƌĞĐ ŝŽŐĂƐ ^ƚĂŶĚĂƌĚ dĞƌŵƐ ĂŶĚ ŽŶĚŝƚŝŽŶ ŽĨ ^ĂůĞ ƐŚĂůů ďĞ
ĂƉƉůŝĐĂďůĞ͘
ϯWƵƌĐŚĂƐĞŽƌĚĞƌƐŝƐƐƵĞĚƐŚĂůůƐƚĂƚĞ͕EKddKyh^ϲ͕ϬϬϬ͘ϬϬ͘
^dEZ&>dZdΨϭϲϱ͘ϬϬWZ,KhZ
dZs>ΨϭϮϬ͘ϬϬWZ,KhZ
EKd^͗
ϭŚĂƌŐĞƐĂƌĞƉŽƌƚĂůƚŽƉŽƌƚĂů͘džƉĞŶƐĞƐĂƌĞĐŚĂƌŐĞĚĂƚĂĐƚƵĂůĐŽƐƚƉůƵƐϭϬй͕ƚŽŝŶĐůƵĚĞ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽĂŝƌĨĂƌĞ͕ƌĞŶƚĂů
ĐĂƌ͕ŚŽƚĞů͘ŶLJĞƋƵŝƉŵĞŶƚĂŶĚŵĂƚĞƌŝĂůƵƐĞĚƐŚĂůůďĞĐŚĂƌŐĞĚĂƚƚŚĞĐƵƌƌĞŶƚsĂƌĞĐŝŽŐĂƐ>ŝƐƚĞĚWƌŝĐĞ͘ůƐŽ͕ΨϭϬϬ͘ϬϬ
ƉĞƌĚĂLJƉĞƌĚŝĞŵĂŶĚĂŵŝůĞĂŐĞĐŚĂƌŐĞŽĨΨϭ͘ϬϬƉĞƌŵŝůĞŵĂLJďĞĐŚĂƌŐĞĚǁŚĞŶĂƉƉůŝĐĂďůĞ͘
ϮdŚĞƌĞŝƐĂϰͲŚŽƵƌŵŝŶŝŵƵŵĐŚĂƌŐĞ͘
ϯZĂƚĞŝƐĞŝŐŚƚ;ϴͿŚŽƵƌƐƉĞƌĚĂLJĨƌŽŵϴDƚŽϱWD͘dŝŵĞĞdžĐĞĞĚŝŶŐƐƚĂŶĚĂƌĚƐĂƌĞƐƵďũĞĐƚƚŽŽǀĞƌƚŝŵĞƌĂƚĞƐ͘;ϭ͘ϱyͿ
KǀĞƌƚŝŵĞƌĂƚĞƐĂƌĞĐŚĂƌŐĞĚďĞƚǁĞĞŶϱWDĂŶĚϴDĂŶĚĂůůĚĂLJ^ĂƚƵƌĚĂLJ͘;ϮyͿKǀĞƌƚŝŵĞƌĂƚĞƐĨŽƌ^ƵŶĚĂLJĂŶĚ
,ŽůŝĚĂLJƐ͘
^Zs/KEdZd^
^/'ZDEd^^dEZZd/^KhEd
ϭϬϬdKϮϱϬ,KhZ^ϱй
ϮϱϬdKϭϬϬϬ,KhZ^ϭϬй
KsZϭϬϬϬ,KhZ^ϭϱй
EKd^͗
ϭŝƐĐŽƵŶƚƐĂƌĞĂƉƉůŝĞĚƚŽƚŚĞƐƚĂŶĚĂƌĚƌĂƚĞƐƐƉĞĐŝĨŝĞĚŝŶƚŚĞĂďŽǀĞ
ƐĐŚĞĚƵůĞ͘
ϮďĂƐŝĐƐĞƌǀŝĐĞĐŽŶƚƌĂĐƚŝŶĐůƵĚĞƐƉƌĞǀĞŶƚĂƚŝǀĞŵĂŝŶƚĞŶĂŶĐĞƐĞƌǀŝĐĞŽŶůLJ͘dŚĞĨŽůůŽǁŝŶŐĂƌĞƐƚŝůůĂƉƉůŝĐĂďůĞ͘
ĂŚĂƌŐĞƐĂƌĞƉŽƌƚĂůƚŽƉŽƌƚĂů͘džƉĞŶƐĞƐĂƌĞĐŚĂƌŐĞĚĂƚĂĐƚƵĂůĐŽƐƚƉůƵƐϭϬй͕ƚŽŝŶĐůƵĚĞ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽĂŝƌĨĂƌĞ͕ƌĞŶƚĂů
ĐĂƌ͕ŚŽƚĞů͘ŶLJĞƋƵŝƉŵĞŶƚĂŶĚŵĂƚĞƌŝĂůƵƐĞĚƐŚĂůůďĞĐŚĂƌŐĞĚĂƚƚŚĞĐƵƌƌĞŶƚsĂƌĞĐŝŽŐĂƐ>ŝƐƚĞĚWƌŝĐĞ͘ůƐŽ͕ΨϭϬϬ͘ϬϬ
ƉĞƌĚĂLJƉĞƌĚŝĞŵĂŶĚĂŵŝůĞĂŐĞĐŚĂƌŐĞŽĨΨϭ͘ϬϬƉĞƌŵŝůĞŵĂLJďĞĐŚĂƌŐĞĚǁŚĞŶĂƉƉůŝĐĂďůĞ͘
ďZĂƚĞŝƐĞŝŐŚƚ;ϴͿŚŽƵƌƐƉĞƌĚĂLJĨƌŽŵϴDƚŽϱWD͘dŝŵĞĞdžĐĞĞĚŝŶŐƐƚĂŶĚĂƌĚƐĂƌĞƐƵďũĞĐƚƚŽŽǀĞƌƚŝŵĞƌĂƚĞƐ͘;ϭ͘ϱyͿ
KǀĞƌƚŝŵĞƌĂƚĞƐĂƌĞĐŚĂƌŐĞĚďĞƚǁĞĞŶϱWDĂŶĚϴDĂŶĚĂůůĚĂLJ^ĂƚƵƌĚĂLJ͘;ϮyͿKǀĞƌƚŝŵĞƌĂƚĞƐĨŽƌ^ƵŶĚĂLJĂŶĚ,ŽůŝĚĂLJƐ͘
ĐsĂƌĞĐŝŽŐĂƐƌĞƋƵŝƌĞƐĂŵŝŶŝŵƵŵŽĨƚǁŽͲǁĞĞŬĂĚǀĂŶĐĞĚŶŽƚŝĨŝĐĂƚŝŽŶƉƌŝŽƌƚŽƚŚĞƌĞƋƵŝƌĞĚŽŶƐŝƚĞĚĂƚĞ͘sĂƌĞĐƐĞƌǀŝĐĞ
ƉĞƌƐŽŶŶĞůĂƌĞŬĞĚŽŶĂĨŝƌƐƚĐŽŵĞͲĨŝƌƐƚƐĞƌǀĞďĂƐŝƐĂŶĚƐƵďũĞĐƚƚŽĂǀĂŝůĂďŝůŝƚLJ͘
&ŝĞůĚƐĞƌǀŝĐĞǁŝůůŽŶůLJďĞƐĐŚĞĚƵůĞĚĂĨƚĞƌƵƐƚŽŵĞƌŚĂƐƐŝŐŶĞĚĨŽƌŵĂůĐŽŶƐĞŶƚĂŶĚŽƵƌƐĞƌǀŝĐĞĞŶŐŝŶĞĞƌŚĂƐƋƵĂůŝĨŝĞĚ
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CITY OF CARMEL, INDIANA
Information
CARTER GREEN
SPECIAL EVENT / FACILITY USE REQUEST FORM
Please reference the City of Carmel Special Event/Facility Use Policy
* Must be at least 18 years of age to complete this form.
FACILITY*
Neighborhood
Name/Streets to be
closed
1. CITY FACILITY REQUESTED:
Mark all that apply
CARTER GREEN (area between Palladium & James Building)
PALLADIUM EAST PATIO (on the Campus of the Center for the Performing Arts)
2. STREET(S) REQUESTED:
Include addresses as appropriate
06/13/2025Request submission date:
Department Review:
CFD:
STREETS: yes, 06/23/2025
PARKS:
MAC:yes, 06/23/2025
ENG: Yes, 06/19/2025
CPD: Yes 06/07/2025
Allied Solutions: Yes 06/19/2025They do have a show this nightbut will try to accommodate
UPLOAD MAP
Type of Closure:
Further Info for type
of closure
REQUESTS:
CITY SERVICES
NEEDED:
No Parking Signs*
Event Use/Purpose:
Description of
Event:
An easy to read, color map of the area is required with submission.
Rolling closure
Total closure
Lane restrictions - explain below
Other - explain below
N/A
Explain lane restrictions needed and other needed below:
3. SPECIAL REQUESTS:
Mark all that apply
ELECTRICITY
JAMES BUILDING RESTROOMS (CARTER GREEN) *Extra fees apply
N/A
Other
4. CITY SERVICES NEEDED:
Mark all that apply
Cones/Barricades (signed agreement required)
Detour/Traffic Redirection Signs (signed agreement required)
Emergency Medical Services (EMS) (Extra fees may apply)
Extra Patrol During Event (when available)
Traffic Control (Extra fees may apply)
On-site Security (Assigned off-duty CPD officers, extra fees will apply)
No Parking Signs (Pick up at Carmel Police Department)
Trash Trailer ($150 fee may be applied for use)
N/A
Other Access to Electrical for DJ
Please note the number of NO PARKING SIGNS needed
3
5. EVENT DETAILS:
Ceremony for Wedding at Hotel Carmichael from 5 PM - 6 PM on Saturday, June
13th, 2026.
Provide a brief description of event
Hotel will provide 140 White Wooden Chairs for Ceremony + (1) 6'x30" Table for DJ.
Set up will occur at 2 PM after vendors have left the Farmer's Market.
Hotel will retrieve all chairs and table at 6:30 PM after ceremony photos have
concluded.
No other equipment or assistance necessary.
Attach additional pages if needed-SEE BELOW
Event Date Start*Event Date End*
If multiple dates,
please list
Set-Up time*
Tear Down End
time*
Event Start
time:*
Event End
time:*
Rehearsal
Rehearsal Date:
Rehearsal Start
Time:
Rehearsal End
Time:
Number of People
Expected:*
Fees?
ADDITIONAL PAGES OF DESCRIPTION OF THE EVENT
6/13/2026 6/13/2026
2:00:00 PM
6:30:00 PM
5:00:00 PM
6:00:00 PM
NA
6/12/2026
4:00:00 PM
5:00:00 PM
30
Will a Fee be charged for this event? If yes, please describe below.
YES
NO
EVENT SET UP:
Mark all that apply
Stage
Size of Stage
Tent(s) – If placing a tent over the entire green space at Midtown Plaza, the
exclusive vendor for tent rental is A-Classic Party Rentals (317-251-7368).
Otherwise, you may use the vendor of your choice.
Size of Tent (s) (Tents 20 x 20 or larger require inspection by Carmel Fire Department, 317-571-
2600)
Vendors
Contact Person
Email
Phone Number:
Cell Number:
Name/Organization:
Address
Organization Type:*
Residency
A refundable Security Deposit in the amount of $100 for any applicant located or residing within Carmel city limits or
a non-refundable event fee in the amount of $150 for any applicant located or residing outside of Carmel city
limits must be received prior to application review or processing.
Bounce House
N/A
Other
Name of Merchants(s) doing the setup
Phone Number of Merchant(s) doing set up:
VENDORS:
Mark all that apply
VENDORS PRESENT
FOOD SERVED (May be subject to Hamilton County Health Department
inspection.)
ALCOHOL SERVED - Please see Section R under “General Terms and
Conditions” in the Public Use Policy.
N/A
6. CONTACT INFORMATION:
Mallory Davis
mdavis@hotelcarmichael.com
3176889611
Hotel Carmichael
City
Carmel
State / Province / Region
IN
Postal / Zip Code
46032
Country
USA
Street Address
1 Carmichael Square
Address Line 2
For-Profit Organization
Is the Organization based within the City of Carmel city limits?
Yes
No
SECURITY DEPOSIT AND FEE:
Payment may be made online using a credit or debit card at https://www.govpaynow.com . PLC #A0026j, calling the
Govpay call center at 1-888-604-7888 (give them PLC#) or in the form of a certified check or money order made payable
to the City of Carmel. (Mail to: Carmel City hall, Attn: Lobby Desk, 1 Civic Square, Carmel, IN 46032)
The Carmel Board of Public Works and Safety reserves the right, in its sole discretion, to deny any facility use
request and/or revoke any previsously granted request to use a City facility for any lawful reason.
DISCLAIMER:
Acknowledgement and Agreement
Mayor's Office
ACKNOWLEDGEMENT AND AGREEMENT
TO COMPLY WITH SPECIAL EVENT/FACILITY USE POLICY
I have read and understand the City of Carmel, Indiana ("City")Special Event/Facility Use Policy and agree to be bound by
all the terms and conditions set forth therein.
I will leave the City facility I use in the same condition that it was immediately prior to my use thereof. I agree to pay for any
damage, repair or clean-up costs incurred by the City as a result of my use of a City facility.
I hereby certify that I, and the organization I represent, if applicable, agree to be bound by the City's Special Event/Facility
Use Policy and by any addition conditions or restrictions placed upon my/our use of a City facility by the Board. I
understand that the Board has the right to deny, alter or revoke my request for the use of a City facility for any lawful
reason. I and/or my organization also agree to indemnify and hold harmless the City of Carmel and all of its directors,
officers, employees, agents and affiliates from any claims of whatever nature (whether foreseeable or not) arising from or
in connection with this Application for any damages, costs or expenses incurred directly or indirectly as a result of my/our
use of the City-owned facility and/or property.
Age Confirmation*
Special
Event/Facility Use
Policy*
*
*
___________________________________
Laura Campbell, Presiding Officer
Date: ______________________________
___________________________________
James Barlow, Member
Date: ______________________________
I confirm that I am 18 years of age or older.
By selecting this box, I hereby acknowledge that I have read and fully
understand the City of Carmel, Indiana ("City") Special Event/Facility Use Policy
and agree to be bound by all the terms and conditions set forth therein.
Hotel Carmichael
Name of Organization/Applicant
Signature of Authorized Agent/Applicant
Mallory Davis, Catering Sales Manager
Printed Name and Title (If applicable)
3176889611
Phone Number (Required)
___________________________________
Alan Potasnik, Member
Date: ______________________________
ATTEST:
_____________________
Jacob Quinn, City Clerk
________________
Date
Special Conditions:__________________________________________________________________
GO TO THE CITY OF CARMEL USE ONLY TAB AND CLICK ON SUBMIT
1 Carmichael Sq
Carmel, IN 46032
Address of Organization/Applicant
6/4/2025
Date
City of Carmel Use Only
Approved this ______day of _______________, 20
CITY OF CARMEL, INDIANA
By and Through its Board of Public Works and Safety
CITY OF CARMEL, INDIANA
Information
CARTER GREEN
SPECIAL EVENT / FACILITY USE REQUEST FORM
Please reference the City of Carmel Special Event/Facility Use Policy
* Must be at least 18 years of age to complete this form.
FACILITY*
Neighborhood
Name/Streets to be
closed
1. CITY FACILITY REQUESTED:
Mark all that apply
CARTER GREEN (area between Palladium & James Building)
PALLADIUM EAST PATIO (on the Campus of the Center for the Performing Arts)
2. STREET(S) REQUESTED:
Include addresses as appropriate
06/27/2025
Yes, 06/17/2025
Yes, 06/19/2025
Allied Solutions: Yes 06/19/2025They do have a show this night
but will try to accommodate yes, 06/23/2025
yes, 06/23/2025
UPLOAD MAP
Type of Closure:
Further Info for type
of closure
REQUESTS:
CITY SERVICES
NEEDED:
No Parking Signs*
Event Use/Purpose:
Description of
Event:
An easy to read, color map of the area is required with submission.
Rolling closure
Total closure
Lane restrictions - explain below
Other - explain below
N/A
Explain lane restrictions needed and other needed below:
3. SPECIAL REQUESTS:
Mark all that apply
ELECTRICITY
JAMES BUILDING RESTROOMS (CARTER GREEN) *Extra fees apply
N/A
Other
4. CITY SERVICES NEEDED:
Mark all that apply
Cones/Barricades (signed agreement required)
Detour/Traffic Redirection Signs (signed agreement required)
Emergency Medical Services (EMS) (Extra fees may apply)
Extra Patrol During Event (when available)
Traffic Control (Extra fees may apply)
On-site Security (Assigned off-duty CPD officers, extra fees will apply)
No Parking Signs (Pick up at Carmel Police Department)
Trash Trailer ($150 fee may be applied for use)
N/A
Other Access to Electrical for DJ
Please note the number of NO PARKING SIGNS needed
3
5. EVENT DETAILS:
Ceremony for Wedding at Hotel Carmichael from 5 PM - 6 PM on Saturday, June
27th, 2026.
Provide a brief description of event
Hotel will provide 140 white wooden chairs for ceremony & (1) 6'x30" Table for DJ.
Set up will occur at 2 PM after vendors have left the Farmers Market. Hotel will
retrieve all chairs and table at 6:30 PM after ceremony photos.
No other equipment or assistance necessary.
Attach additional pages if needed-SEE BELOW
Event Date Start*Event Date End*
If multiple dates,
please list
Set-Up time*
Tear Down End
time*
Event Start
time:*
Event End
time:*
Rehearsal
Rehearsal Date:
Rehearsal Start
Time:
Rehearsal End
Time:
Number of People
Expected:*
Fees?
ADDITIONAL PAGES OF DESCRIPTION OF THE EVENT
6/27/2026 6/27/2026
2:00:00 PM
6:30:00 PM
5:00:00 PM
6:00:00 PM
NA
6/26/2026
4:00:00 PM
5:00:00 PM
30
Will a Fee be charged for this event? If yes, please describe below.
YES
NO
EVENT SET UP:
Mark all that apply
Stage
Size of Stage
Tent(s) – If placing a tent over the entire green space at Midtown Plaza, the
exclusive vendor for tent rental is A-Classic Party Rentals (317-251-7368).
Otherwise, you may use the vendor of your choice.
Size of Tent (s) (Tents 20 x 20 or larger require inspection by Carmel Fire Department, 317-571-
2600)
Vendors
Contact Person
Email
Phone Number:
Cell Number:
Name/Organization:
Address
Organization Type:*
Residency
A refundable Security Deposit in the amount of $100 for any applicant located or residing within Carmel city limits or
a non-refundable event fee in the amount of $150 for any applicant located or residing outside of Carmel city
limits must be received prior to application review or processing.
Bounce House
N/A
Other
Name of Merchants(s) doing the setup
Phone Number of Merchant(s) doing set up:
VENDORS:
Mark all that apply
VENDORS PRESENT
FOOD SERVED (May be subject to Hamilton County Health Department
inspection.)
ALCOHOL SERVED - Please see Section R under “General Terms and
Conditions” in the Public Use Policy.
N/A
6. CONTACT INFORMATION:
Mallory
mdavis@hotelcarmichael.com
3176889611
Hotel Carmichael
City
Carmel
State / Province / Region
IN
Postal / Zip Code
46032
Country
United States
Street Address
1 Carmichael Sq
Address Line 2
For-Profit Organization
Is the Organization based within the City of Carmel city limits?
Yes
No
SECURITY DEPOSIT AND FEE:
Payment may be made online using a credit or debit card at https://www.govpaynow.com . PLC #A0026j, calling the
Govpay call center at 1-888-604-7888 (give them PLC#) or in the form of a certified check or money order made payable
to the City of Carmel. (Mail to: Carmel City hall, Attn: Lobby Desk, 1 Civic Square, Carmel, IN 46032)
The Carmel Board of Public Works and Safety reserves the right, in its sole discretion, to deny any facility use
request and/or revoke any previsously granted request to use a City facility for any lawful reason.
DISCLAIMER:
Acknowledgement and Agreement
Mayor's Office
ACKNOWLEDGEMENT AND AGREEMENT
TO COMPLY WITH SPECIAL EVENT/FACILITY USE POLICY
I have read and understand the City of Carmel, Indiana ("City") Special Event/Facility Use Policy and agree to be bound by
all the terms and conditions set forth therein.
I will leave the City facility I use in the same condition that it was immediately prior to my use thereof. I agree to pay for any
damage, repair or clean-up costs incurred by the City as a result of my use of a City facility.
I hereby certify that I, and the organization I represent, if applicable, agree to be bound by the City's Special Event/Facility
Use Policy and by any addition conditions or restrictions placed upon my/our use of a City facility by the Board. I
understand that the Board has the right to deny, alter or revoke my request for the use of a City facility for any lawful
reason. I and/or my organization also agree to indemnify and hold harmless the City of Carmel and all of its directors,
officers, employees, agents and affiliates from any claims of whatever nature (whether foreseeable or not) arising from or
in connection with this Application for any damages, costs or expenses incurred directly or indirectly as a result of my/our
use of the City-owned facility and/or property.
Age Confirmation*
Special
Event/Facility Use
Policy*
*
*
___________________________________
Laura Campbell, Presiding Officer
Date: ______________________________
___________________________________
James Barlow, Member
Date: ______________________________
I confirm that I am 18 years of age or older.
By selecting this box, I hereby acknowledge that I have read and fully
understand the City of Carmel, Indiana ("City") Special Event/Facility Use Policy
and agree to be bound by all the terms and conditions set forth therein.
Hotel Carmichael
Name of Organization/Applicant
Signature of Authorized Agent/Applicant
Mallory Davis, Catering Sales Manager
Printed Name and Title (If applicable)
3176889611
Phone Number (Required)
___________________________________
Alan Potasnik, Member
Date: ______________________________
ATTEST:
_____________________
Jacob Quinn, City Clerk
________________
Date
Special Conditions:__________________________________________________________________
GO TO THE CITY OF CARMEL USE ONLY TAB AND CLICK ON SUBMIT
1 Carmichael Sq
Carmel, IN 46032
Address of Organization/Applicant
6/4/2025
Date
City of Carmel Use Only
Approved this ______day of _______________, 20
CITY OF CARMEL, INDIANA
By and Through its Board of Public Works and Safety
CITY OF CARMEL, INDIANA
Information
CARTER GREEN
SPECIAL EVENT / FACILITY USE REQUEST FORM
Please reference the City of Carmel Special Event/Facility Use Policy
* Must be at least 18 years of age to complete this form.
FACILITY*
Neighborhood
Name/Streets to be
closed
1. CITY FACILITY REQUESTED:
Mark all that apply
CARTER GREEN (area between Palladium & James Building)
PALLADIUM EAST PATIO (on the Campus of the Center for the Performing Arts)
2. STREET(S) REQUESTED:
Include addresses as appropriate
06/10/2025Request submission date:
Department Review:
CFD:
STREETS:
PARKS:
Director of Marketing: Approved 06/11/2025Allied Solutions: Yes 06/19/2025 MAC: yes 06/11/2025
ENG: Yes, 06/19/2025 CPD: Yes, 06/17/2025
yes, 06/23/2025
UPLOAD MAP
Type of Closure:
Further Info for type
of closure
REQUESTS:
CITY SERVICES
NEEDED:
Event Use/Purpose:
Description of
Event:
Event Date Start*Event Date End*
If multiple dates,
please list
An easy to read, color map of the area is required with submission.
Rolling closure
Total closure
Lane restrictions - explain below
Other - explain below
N/A
Explain lane restrictions needed and other needed below:
3. SPECIAL REQUESTS:
Mark all that apply
ELECTRICITY
JAMES BUILDING RESTROOMS (CARTER GREEN) *Extra fees apply
N/A
Other
4. CITY SERVICES NEEDED:
Mark all that apply
Cones/Barricades (signed agreement required)
Detour/Traffic Redirection Signs (signed agreement required)
Emergency Medical Services (EMS) (Extra fees may apply)
Extra Patrol During Event (when available)
Traffic Control (Extra fees may apply)
On-site Security (Assigned off-duty CPD officers, extra fees will apply)
No Parking Signs (Pick up at Carmel Police Department)
Trash Trailer ($150 fee may be applied for use)
N/A
Other
5. EVENT DETAILS:
Hotel Carmichael team celebration and to raise money for St. Judes.
Provide a brief description of event
Hotel employee celebration with a fundraiser for St Jude.
Attach additional pages if needed-SEE BELOW
ADDITIONAL PAGES OF DESCRIPTION OF THE EVENT
7/30/2025 7/30/2025
Set-Up time*
Tear Down End
time*
Event Start
time:*
Event End
time:*
Rehearsal
Rehearsal Date:
Rehearsal Start
Time:
Rehearsal End
Time:
Number of People
Expected:*
Fees?
10:00:00 AM
5:00:00 PM
11:00:00 AM
4:00:00 PM
NA
100
Will a Fee be charged for this event? If yes, please describe below.
YES
NO
EVENT SET UP:
Mark all that apply
Stage
Size of Stage
Tent(s) – If placing a tent over the entire green space at Midtown Plaza, the
exclusive vendor for tent rental is A-Classic Party Rentals (317-251-7368).
Otherwise, you may use the vendor of your choice.
Size of Tent (s) (Tents 20 x 20 or larger require inspection by Carmel Fire Department, 317-571-
2600)
Bounce House
N/A
Other
KIdZone setup
Name of Merchants(s) doing the setup
3173168465
Phone Number of Merchant(s) doing set up:
Vendors
Contact Person
Email
Phone Number:
Cell Number:
Name/Organization:
Address
Organization Type:*
Residency
A refundable Security Deposit in the amount of $100 for any applicant located or residing within Carmel city limits or
a non-refundable event fee in the amount of $150 for any applicant located or residing outside of Carmel city
limits must be received prior to application review or processing.
Payment may be made online using a credit or debit card at https://www.govpaynow.com . PLC #A0026j, calling the
Govpay call center at 1-888-604-7888 (give them PLC#) or in the form of a certified check or money order made payable
to the City of Carmel. (Mail to: Carmel City hall, Attn: Lobby Desk, 1 Civic Square, Carmel, IN 46032)
The Carmel Board of Public Works and Safety reserves the right, in its sole discretion, to deny any facility use
request and/or revoke any previsously granted request to use a City facility for any lawful reason.
VENDORS:
Mark all that apply
VENDORS PRESENT
FOOD SERVED (May be subject to Hamilton County Health Department
inspection.)
ALCOHOL SERVED - Please see Section R under “General Terms and
Conditions” in the Public Use Policy.
N/A
6. CONTACT INFORMATION:
Thomas Knox
tknox@hotelcarmichael.com
3176881697
Hotel Carmichael
City
Carmel
State / Province / Region
Indiana
Postal / Zip Code
46032
Country
United States
Street Address
1 Carmichael Sq
Address Line 2
Individual
Is the requestor a citizen of the City of Carmel?
Yes
No
SECURITY DEPOSIT AND FEE:
DISCLAIMER:
Acknowledgement and Agreement
Mayor's Office
ACKNOWLEDGEMENT AND AGREEMENT
TO COMPLY WITH SPECIAL EVENT/FACILITY USE POLICY
I have read and understand the City of Carmel, Indiana ("City")Special Event/Facility Use Policy and agree to be bound by
all the terms and conditions set forth therein.
I will leave the City facility I use in the same condition that it was immediately prior to my use thereof. I agree to pay for any
damage, repair or clean-up costs incurred by the City as a result of my use of a City facility.
I hereby certify that I, and the organization I represent, if applicable, agree to be bound by the City's Special Event/Facility
Use Policy and by any addition conditions or restrictions placed upon my/our use of a City facility by the Board. I
understand that the Board has the right to deny, alter or revoke my request for the use of a City facility for any lawful
reason. I and/or my organization also agree to indemnify and hold harmless the City of Carmel and all of its directors,
officers, employees, agents and affiliates from any claims of whatever nature (whether foreseeable or not) arising from or
in connection with this Application for any damages, costs or expenses incurred directly or indirectly as a result of my/our
use of the City-owned facility and/or property.
Age Confirmation*
Special
Event/Facility Use
Policy*
*
*
___________________________________
Laura Campbell, Presiding Officer
Date: ______________________________
___________________________________
James Barlow, Member
Date: ______________________________
I confirm that I am 18 years of age or older.
By selecting this box, I hereby acknowledge that I have read and fully
understand the City of Carmel, Indiana ("City") Special Event/Facility Use Policy
and agree to be bound by all the terms and conditions set forth therein.
Tom Knox-Hotel Carmichael
Name of Organization/Applicant
Signature of Authorized Agent/Applicant
Thomas Knox HR Manager
Printed Name and Title (If applicable)
317-688-1697
Phone Number (Required)
___________________________________
Alan Potasnik, Member
Date: ______________________________
ATTEST:
_____________________
Jacob Quinn, City Clerk
________________
Date
Special Conditions:__________________________________________________________________
GO TO THE CITY OF CARMEL USE ONLY TAB AND CLICK ON SUBMIT
Address of Organization/Applicant
Date
City of Carmel Use Only
Approved this ______day of _______________, 20
CITY OF CARMEL, INDIANA
By and Through its Board of Public Works and Safety
CITY OF CARMEL, INDIANA
Information
SPECIAL EVENT / FACILITY USE REQUEST FORM
Please reference the City of Carmel Special Event/Facility Use Policy
* Must be at least 18 years of age to complete this form.
The Event Request Form must be submitted a minimum of 60 days prior
to the planned date of the event or activity.
Please click here to request the Carter Green or East Patio.
Facility(s)
1. CITY FACILITY(S) REQUESTED:
Civic Square Fountain Area
Civic Square Gazebo / Lawn
Japanese Garden
Monon & Main Plaza
Midtown Plaza (Events must be free and open to the public. We are unable to
accommodate public movie requests.)
Reflecting Pool (Please note that Veteran's Memorial Freedom Circle and Plaza
is not available for use)
Sophia Square
Other
06/09/2025
Yes, 06/17/2025
Yes, 06/19/2025
yes, 06/23/20235
yes, 06/23/2025
Neighborhood
Name/Streets to be
closed
Upload Map
Type of Closure:
Further Info for type
of closure
Requests:
2. STREET(S) REQUESTED:
11821 Glenwell Dr.
Include addresses as appropriate
An easy to read, color map of the area is required with submission.
Rolling closure
Total closure
Lane restrictions - explain below
Other - explain below
N/A
Explain lane restrictions needed and other needed below:
3. SPECIAL REQUESTS:
Electricity
Fountain Restroom - Fountain/Gazebo
Reflecting Pool Restrooms
N/A
Other
4. CITY SERVICES NEEDED: Mark all that apply
City Services Needed
Event
Use/Purpose:*
Description of
Event:*
Event Date Start *Event Date
End*
If multiple dates,
please list
Set-Up time:*
Tear Down End
time:*
Event Start
time:*Event End
time:*
Rehearsal
Number of People
Expected:*
Fees?
Cones/Barricades (signed agreement required)
Detour/Traffic Redirection Signs (signed agreement required)
Emergency Medical Services (EMS) (Extra fees may apply)
Extra Patrol During Event (when available)
Traffic Control (Extra fees may apply)
On-site Security (Assigned off-duty CPD officers, extra fees will apply)
No Parking Signs (Pick up at Carmel Police Department)
Trash Trailer ($150 fee may be applied for use)
N/A
Other
5. EVENT DETAILS
Indy Eleven Watch Party
Provide a brief description of event
Indy Eleven at Detroit City FC telecast on Sat. Aug. 9 at 7 p.m. airing on Midtown
Screen.
Attach additional pages if needed-SEE BELOW
ADDITIONAL PAGES OF DESCRIPTION OF THE EVENT
8/9/2025 8/9/2025
6:00:00 PM 9:00:00 PM
7:00:00 PM 9:00:00 PM
NA
111
Will a Fee be charged for this event? If yes, please describe below.
Yes
No
EVENT SET UP:
Stage
Vendors
Contact Person*
Email*
Phone Number:*
Cell Number:
Name/Organization:
Address
Organization
Type:*
Size of Stage
Tent(s) – If placing a tent over the entire green space at Midtown Plaza, the
exclusive vendor for tent rental is A-Classic Party Rentals (317-251-7368).
Otherwise, you may use the vendor of your choice.
Size of Tent (s) (Tents 20 x 20 or larger require inspection by Carmel Fire Department, 317-571-2600)
Bounce House
N/A
Other Do you have 6' or 8' table(s) available?
Indy Eleven
Name of Merchants(s) doing the setup
5672242918
Phone Number of Merchant(s) doing set up:
VENDORS:
Vendors Present
Food Served (May be subject to Hamilton County Health Department Inspection)
Alcohol Served (Please see Section R under “General Terms and Conditions” in
the Special Event/Facility Use Policy)
N/A
6. CONTACT INFORMATION:
Seth Kimberlin
skimberlin@indyeleven.com
4632125240
5672242918
Indy Eleven
City
Indianapolis
State / Province / Region
Indiana
Postal / Zip Code
46204
Country
United States
Street Address
47 S. Pennsylvania St., Suite 611
Address Line 2
For-Profit Organization
Residency
A refundable Security Deposit in the amount of $100 for any applicant located or residing within Carmel city limits or a
non-refundable event fee in the amount of $150 for any applicant located or residing outside of Carmel city limits must
be received prior to application review or processing.
Payment may be made online using a credit or debit card at https://www.govpaynow.com . PLC #A0026j, calling the
Govpay call center at 1-888-604-7888 (give them PLC#) or in the form of a certified check or money order made payable
to the City of Carmel. (Mail to: Carmel City hall, Attn: Lobby Desk, 1 Civic Square, Carmel, IN 46032)
The Carmel Board of Public Works and Safety reserves the right, in its sole discretion, to deny any facility use
request and/or revoke any previously granted request to use a City facility for any lawful reason.
Is the Organization based within the City of Carmel city limits?
Yes
No
SECURITY DEPOSIT AND FEE:
DISCLAIMER:
Acknowledgement and Agreement
Mayor's Office
ACKNOWLEDGEMENT AND AGREEMENT
TO COMPLY WITH SPECIAL EVENT/FACILITY USE POLICY
I have read and understand the City of Carmel, Indiana ("City") Special Event/Facility Use Policy and agree to be bound by
all the terms and conditions set forth therein.
I will leave the City facility I use in the same condition that it was immediately prior to my use thereof. I agree to pay for any
damage, repair or clean-up costs incurred by the City as a result of my use of a City facility.
I hereby certify that I, and the organization I represent, if applicable, agree to be bound by the City's Special Event/Facility
Use Policy and by any addition conditions or restrictions placed upon my/our use of a City facility by the Board. I
understand that the Board has the right to deny, alter or revoke my request for the use of a City facility for any lawful
reason. I and/or my organization also agree to indemnify and hold harmless the City of Carmel and all of its directors,
officers, employees, agents and affiliates from any claims of whatever nature (whether foreseeable or not) arising from or
in connection with this Application for any damages, costs or expenses incurred directly or indirectly as a result of my/our
use of the City-owned facility and/or property.
Age Confirmation*
Special
Event/Facility Use
Policy*
*
*
GO TO THE CITY OF CARMEL USE ONLY TAB AND CLICK ON SUBMIT
I confirm that I am 18 years of age or older.
By selecting this box, I hereby acknowledge that I have read and fully understand
the City of Carmel, Indiana ("City") Special Event/Facility Use Policy and agree to
be bound by all the terms and conditions set forth therein.
Indy Eleven/Seth Kimberlin
Name of Organization/Applicant
Signature of Authorized Agent/Applicant
Seth Kimberlin, Vice President, Marketing &
Club Growth
Printed Name and Title (If applicable)
4632125240
Phone Number (Required)
47 S. Pennsylvania St., Suite 611
Indianapolis, IN 46204
Address of Organization/Applicant
6/9/2025
Date
City of Carmel Use Only
Approved this ______day of _______________, 20
CITY OF CARMEL, INDIANA
By and Through its Board of Public Works and Safety
___________________________________
Laura Campbell, Presiding Officer
Date: ______________________________
___________________________________
James Barlow, Member
Date: ______________________________
___________________________________
Alan Potasnik, Member
Date: ______________________________
ATTEST:
_____________________
Jacob Quinn, City Clerk
________________
Date
Special Conditions:__________________________________________________________________
CITY OF CARMEL, INDIANA
Information
CARTER GREEN
SPECIAL EVENT / FACILITY USE REQUEST FORM
Please reference the City of Carmel Special Event/Facility Use Policy
* Must be at least 18 years of age to complete this form.
FACILITY*
Neighborhood
Name/Streets to be
closed
1. CITY FACILITY REQUESTED:
Mark all that apply
CARTER GREEN (area between Palladium & James Building)
PALLADIUM EAST PATIO (on the Campus of the Center for the Performing Arts)
2. STREET(S) REQUESTED:
Include addresses as appropriate
06/16/2025Request submission date:
Department Review:
CFD:
STREETS:
PARKS:
MAC: yes 06/23/2025
ENG: 06/19/2025
CPD: 06/17/2025
Allied Solutions: Yes 06/19/2025
UPLOAD MAP
Type of Closure:
Further Info for type
of closure
REQUESTS:
CITY SERVICES
NEEDED:
Cones*
Standard Cones*
No Parking Signs*
An easy to read, color map of the area is required with submission.
Rolling closure
Total closure
Lane restrictions - explain below
Other - explain below
N/A
Explain lane restrictions needed and other needed below:
3. SPECIAL REQUESTS:
Mark all that apply
ELECTRICITY
JAMES BUILDING RESTROOMS (CARTER GREEN) *Extra fees apply
N/A
Other
4. CITY SERVICES NEEDED:
Mark all that apply
Cones/Barricades (signed agreement required)
Detour/Traffic Redirection Signs (signed agreement required)
Emergency Medical Services (EMS) (Extra fees may apply)
Extra Patrol During Event (when available)
Traffic Control (Extra fees may apply)
On-site Security (Assigned off-duty CPD officers, extra fees will apply)
No Parking Signs (Pick up at Carmel Police Department)
Trash Trailer ($150 fee may be applied for use)
N/A
Other
Agreement must be signed with Carmel Street Department before delivery/pickup
Standard Cones Tall Skinny Cones
Barricades (used to close roads)Crowd-Control Gates
Please note the number of Standard Cones needed
8
Please note the number of NO PARKING SIGNS needed
8
Event Use/Purpose:
Description of
Event:
Event Date Start*Event Date End*
If multiple dates,
please list
Set-Up time*
Tear Down End
time*
Event Start
time:*
Event End
time:*
Rehearsal
5. EVENT DETAILS:
Wedding Ceremony Back up location
Provide a brief description of event
Carter Green needed for ceremony back up location in case of rain
Already have the approved permit for the palladium patio - just resubmitting for
carter green and tent approval.
Attach additional pages if needed-SEE BELOW
ADDITIONAL PAGES OF DESCRIPTION OF THE EVENT
8/16/2025 8/16/2025
2:00:00 PM
9:00:00 PM
6:30:00 PM
7:00:00 PM
NA
Rehearsal Date:
Rehearsal Start
Time:
Rehearsal End
Time:
Number of People
Expected:*
Fees?
Vendors
8/14/2025
4:00:00 PM
6:00:00 PM
20
Will a Fee be charged for this event? If yes, please describe below.
YES
NO
EVENT SET UP:
Mark all that apply
Stage
Size of Stage
Tent(s) – If placing a tent over the entire green space at Midtown Plaza, the
exclusive vendor for tent rental is A-Classic Party Rentals (317-251-7368).
Otherwise, you may use the vendor of your choice.
Size of Tent (s) (Tents 20 x 20 or larger require inspection by Carmel Fire Department, 317-571-
2600)
Bounce House
N/A
Other
Ace Party Rentals
Name of Merchants(s) doing the setup
3179105693
Phone Number of Merchant(s) doing set up:
VENDORS:
Mark all that apply
VENDORS PRESENT
FOOD SERVED (May be subject to Hamilton County Health Department
inspection.)
ALCOHOL SERVED - Please see Section R under “General Terms and
Conditions” in the Public Use Policy.
N/A
6. CONTACT INFORMATION:
Contact Person
Email
Phone Number:
Cell Number:
Name/Organization:
Address
Organization Type:*
Residency
A refundable Security Deposit in the amount of $100 for any applicant located or residing within Carmel city limits or
a non-refundable event fee in the amount of $150 for any applicant located or residing outside of Carmel city
limits must be received prior to application review or processing.
Payment may be made online using a credit or debit card at https://www.govpaynow.com . PLC #A0026j, calling the
Govpay call center at 1-888-604-7888 (give them PLC#) or in the form of a certified check or money order made payable
to the City of Carmel. (Mail to: Carmel City hall, Attn: Lobby Desk, 1 Civic Square, Carmel, IN 46032)
The Carmel Board of Public Works and Safety reserves the right, in its sole discretion, to deny any facility use
request and/or revoke any previsously granted request to use a City facility for any lawful reason.
Sarah Salinas
ssalinas@hotelcarmichael.com
3176889612
5747020580
Hotel Carmichael
City
Carmel
State / Province / Region
Indiana
Postal / Zip Code
46032
Country
United States
Street Address
1 Carmichael Square
Address Line 2
For-Profit Organization
Is the Organization based within the City of Carmel city limits?
Yes
No
SECURITY DEPOSIT AND FEE:
DISCLAIMER:
Acknowledgement and Agreement
Mayor's Office
ACKNOWLEDGEMENT AND AGREEMENT
TO COMPLY WITH SPECIAL EVENT/FACILITY USE POLICY
I have read and understand the City of Carmel, Indiana ("City")Special Event/Facility Use Policy and agree to be bound by
all the terms and conditions set forth therein.
I will leave the City facility I use in the same condition that it was immediately prior to my use thereof. I agree to pay for any
damage, repair or clean-up costs incurred by the City as a result of my use of a City facility.
I hereby certify that I, and the organization I represent, if applicable, agree to be bound by the City's Special Event/Facility
Use Policy and by any addition conditions or restrictions placed upon my/our use of a City facility by the Board. I
understand that the Board has the right to deny, alter or revoke my request for the use of a City facility for any lawful
reason. I and/or my organization also agree to indemnify and hold harmless the City of Carmel and all of its directors,
officers, employees, agents and affiliates from any claims of whatever nature (whether foreseeable or not) arising from or
in connection with this Application for any damages, costs or expenses incurred directly or indirectly as a result of my/our
use of the City-owned facility and/or property.
Age Confirmation*
Special
Event/Facility Use
Policy*
*
*
___________________________________
Laura Campbell, Presiding Officer
Date: ______________________________
___________________________________
James Barlow, Member
Date: ______________________________
I confirm that I am 18 years of age or older.
By selecting this box, I hereby acknowledge that I have read and fully
understand the City of Carmel, Indiana ("City") Special Event/Facility Use Policy
and agree to be bound by all the terms and conditions set forth therein.
Sarah Salinas - Hotel Carmichael
Name of Organization/Applicant
Signature of Authorized Agent/Applicant
Sarah Salinas - Catering Sales Manager
Printed Name and Title (If applicable)
317.688.9612
Phone Number (Required)
___________________________________
Alan Potasnik, Member
Date: ______________________________
ATTEST:
_____________________
Jacob Quinn, City Clerk
________________
Date
Special Conditions:__________________________________________________________________
GO TO THE CITY OF CARMEL USE ONLY TAB AND CLICK ON SUBMIT
1 Carmichael Square
Carmel IN 46032
Address of Organization/Applicant
6/16/2025
Date
City of Carmel Use Only
Approved this ______day of _______________, 20
CITY OF CARMEL, INDIANA
By and Through its Board of Public Works and Safety
CITY OF CARMEL, INDIANA
Information
SPECIAL EVENT / FACILITY USE REQUEST FORM
Please reference the City of Carmel Special Event/Facility Use Policy
* Must be at least 18 years of age to complete this form.
The Event Request Form must be submitted a minimum of 60 days prior
to the planned date of the event or activity.
Please click here to request the Carter Green or East Patio.
Facility(s)
1. CITY FACILITY(S) REQUESTED:
Civic Square Fountain Area
Civic Square Gazebo / Lawn
Japanese Garden
Monon & Main Plaza
Midtown Plaza (Events must be free and open to the public. We are unable to
accommodate public movie requests.)
Reflecting Pool (Please note that Veteran's Memorial Freedom Circle and Plaza
is not available for use)
Sophia Square
Other 3.1 miles of Carmel city streets (see route below)
06/05/2025
Yes, 06/17/2025
Yes, 06/19/2025
yes, 06/23/2025
yes, 06/23/2025
Neighborhood
Name/Streets to be
closed
Upload Map
Type of Closure:
Further Info for type
of closure
Requests:
2. STREET(S) REQUESTED:
No streets need to be closed.
Include addresses as appropriate
An easy to read, color map of the area is required with submission.
Mia's Movement Walk-Run.pdf 1.12MB
Rolling closure
Total closure
Lane restrictions - explain below
Other - explain below
N/A
Explain lane restrictions needed and other needed below:
No road closures. Officer Mason Hoke from the Carmel Police Department will be
crossing the participants from the OLMC Sports Fields onto Oak Ridge Rd. The
participants will follow Oak Ridge to Bennett Rd and follow signs for the 5K walk/run.
3. SPECIAL REQUESTS:
Electricity
Fountain Restroom - Fountain/Gazebo
Reflecting Pool Restrooms
N/A
Other No special requests
4. CITY SERVICES NEEDED: Mark all that apply
City Services Needed
Event
Use/Purpose:*
Description of
Event:*
Event Date Start *Event Date
End*
If multiple dates,
please list
Set-Up time:*
Tear Down End
time:*
Event Start
time:*Event End
time:*
Rehearsal
Cones/Barricades (signed agreement required)
Detour/Traffic Redirection Signs (signed agreement required)
Emergency Medical Services (EMS) (Extra fees may apply)
Extra Patrol During Event (when available)
Traffic Control (Extra fees may apply)
On-site Security (Assigned off-duty CPD officers, extra fees will apply)
No Parking Signs (Pick up at Carmel Police Department)
Trash Trailer ($150 fee may be applied for use)
N/A
Other I have been in contact with Lieutenant Jeffrey Horner and he has
arranged for Carmel Police Officer Mason Hoke to work the event.
He will be crossing the participants over Oak Ridge Road. Officer
Hoke did this last year and was absolutely wonderful! He made
such positive connections with the kids and their parents, building
long term trust. Lieutenant Horner has the required forms (the
request for outside employment, the Indemnification Agreement
and the FOXP1 Foundation Certificate of Insurance.)
5. EVENT DETAILS
The 4th Annual FOXP1 5K Walk/Run for Awareness is hosted by Mia's Movement.
Amelia (Mia) Dury was diagnosed with FOXP1 syndrome when she was 10 months
old. (She is now 7 years old.) It is a rare genetic syndrome caused by a mutation to
the FOXP1 gene. When this gene does not function properly, it can lead to a wide
range of developmental delays and medical needs.
Provide a brief description of event
I am asking for approval from the City of Carmel again to host Mia's Movement (5K
Walk/Run for approximately 400 participants) on August 16, 2025 at OLMC Sports
Fields, 14598 Oak Ridge Road, Carmel, IN 46032. We have approval from Our Lady
of Mount Carmel where the event will start and finish, but since we are using Carmel
City streets, we would appreciate and would love to have your approval for this
event as well. Thank you so much.
Attach additional pages if needed-SEE BELOW
ADDITIONAL PAGES OF DESCRIPTION OF THE EVENT
8/16/2025 8/16/2025
8:00:00 AM 11:55:00 AM
8:45:00 AM 10:30:00 AM
NA
Number of People
Expected:*
Fees?
Fees (cont'd)
Vendors
Contact Person*
Email*
400
Will a Fee be charged for this event? If yes, please describe below.
Yes
No
Purpose of fee
Donations accepted for the FOXP1
Foundation for further research.
EVENT SET UP:
Stage
Size of Stage
Tent(s) – If placing a tent over the entire green space at Midtown Plaza, the
exclusive vendor for tent rental is A-Classic Party Rentals (317-251-7368).
Otherwise, you may use the vendor of your choice.
Size of Tent (s) (Tents 20 x 20 or larger require inspection by Carmel Fire Department, 317-571-2600)
Bounce House
N/A
Other We will set up some tables for snacks and water at OLMC Sports Fields.. We have approval from Father Richard Doerr, Our Lady
of Mount Carmel Pastor. I also will be putting directional signage
along the 3.1 route. I always ask permission from each resident
along the route before I put the 18"x24" sign in their yard. I will put
a sign at each turn on August 15th and will remove each sign by 11:00am after the event on August 16th. In the past, all the
residents have been wonderful and are fine with a sign in their
yard for less than 24 hours.
Nancy Dury & Caroline Dury
Name of Merchants(s) doing the setup
3173453194
Phone Number of Merchant(s) doing set up:
VENDORS:
Vendors Present
Food Served (May be subject to Hamilton County Health Department Inspection)
Alcohol Served (Please see Section R under “General Terms and Conditions” in
the Special Event/Facility Use Policy)
N/A
6. CONTACT INFORMATION:
Nancy Dury
Phone Number:*
Cell Number:
Name/Organization:
Address
Organization
Type:*
Residency
A refundable Security Deposit in the amount of $100 for any applicant located or residing within Carmel city limits or a
non-refundable event fee in the amount of $150 for any applicant located or residing outside of Carmel city limits must
be received prior to application review or processing.
Payment may be made online using a credit or debit card at https://www.govpaynow.com . PLC #A0026j, calling the
Govpay call center at 1-888-604-7888 (give them PLC#) or in the form of a certified check or money order made payable
to the City of Carmel. (Mail to: Carmel City hall, Attn: Lobby Desk, 1 Civic Square, Carmel, IN 46032)
The Carmel Board of Public Works and Safety reserves the right, in its sole discretion, to deny any facility use
request and/or revoke any previously granted request to use a City facility for any lawful reason.
International FoxP1 Foundation/The Dury Family
City
Carmel
State / Province / Region
IN
Postal / Zip Code
46032
Country
Street Address
Address Line 2
Non-Profit Organization
Is the Organization based within the City of Carmel city limits?
Yes
No
SECURITY DEPOSIT AND FEE:
DISCLAIMER:
Acknowledgement and Agreement
Mayor's Office
ACKNOWLEDGEMENT AND AGREEMENT
TO COMPLY WITH SPECIAL EVENT/FACILITY USE POLICY
I have read and understand the City of Carmel, Indiana ("City") Special Event/Facility Use Policy and agree to be bound by
all the terms and conditions set forth therein.
I will leave the City facility I use in the same condition that it was immediately prior to my use thereof. I agree to pay for any
damage, repair or clean-up costs incurred by the City as a result of my use of a City facility.
I hereby certify that I, and the organization I represent, if applicable, agree to be bound by the City's Special Event/Facility
Use Policy and by any addition conditions or restrictions placed upon my/our use of a City facility by the Board. I
understand that the Board has the right to deny, alter or revoke my request for the use of a City facility for any lawful
reason. I and/or my organization also agree to indemnify and hold harmless the City of Carmel and all of its directors,
officers, employees, agents and affiliates from any claims of whatever nature (whether foreseeable or not) arising from or
in connection with this Application for any damages, costs or expenses incurred directly or indirectly as a result of my/our
use of the City-owned facility and/or property.
Age Confirmation*
Special
Event/Facility Use
Policy*
*
*
GO TO THE CITY OF CARMEL USE ONLY TAB AND CLICK ON SUBMIT
I confirm that I am 18 years of age or older.
By selecting this box, I hereby acknowledge that I have read and fully understand
the City of Carmel, Indiana ("City") Special Event/Facility Use Policy and agree to
be bound by all the terms and conditions set forth therein.
Mia's Movement, Nancy A Dury
Name of Organization/Applicant
Signature of Authorized Agent/Applicant
Nancy A Dury
Printed Name and Title (If applicable)
(Required)
Carmel, IN 46032
Address of Organization/Applicant
6/5/2025
Date
City of Carmel Use Only
Approved this ______day of _______________, 20
CITY OF CARMEL, INDIANA
By and Through its Board of Public Works and Safety
___________________________________
Laura Campbell, Presiding Officer
Date: ______________________________
___________________________________
James Barlow, Member
Date: ______________________________
___________________________________
Alan Potasnik, Member
Date: ______________________________
ATTEST:
_____________________
Jacob Quinn, City Clerk
________________
Date
Special Conditions:__________________________________________________________________
CITY OF CARMEL, INDIANA
Information
SPECIAL EVENT / FACILITY USE REQUEST FORM
Please reference the City of Carmel Special Event/Facility Use Policy
* Must be at least 18 years of age to complete this form.
The Event Request Form must be submitted a minimum of 60 days prior
to the planned date of the event or activity.
Please click here to request the Carter Green or East Patio.
Facility(s)
1. CITY FACILITY(S) REQUESTED:
Civic Square Fountain Area
Civic Square Gazebo / Lawn
Japanese Garden
Monon & Main Plaza
Midtown Plaza (Events must be free and open to the public. We are unable to
accommodate public movie requests.)
Reflecting Pool (Please note that Veteran's Memorial Freedom Circle and Plaza
is not available for use)
Sophia Square
Other Monon Blvd. North and South lanes
Yes, 06/17/2025
Yes, 06/19/2025
yes, 06/23/2025
yes, 06/23/2025
Neighborhood
Name/Streets to be
closed
Upload Map
Type of Closure:
Further Info for type
of closure
Requests:
2. STREET(S) REQUESTED:
Monon Blvd. S. from 1st St. SW to Walnut St.
Monon Blvd. N. from Walnut St. to Happy Dog Alley
Elm St. from Veterans Way to exit of Railyard Apartments
Include addresses as appropriate
An easy to read, color map of the area is required with submission.
2025 Brews Closure.png 1.35MB
Rolling closure
Total closure
Lane restrictions - explain below
Other - explain below
N/A
Explain lane restrictions needed and other needed below:
3. SPECIAL REQUESTS:
Electricity
Fountain Restroom - Fountain/Gazebo
Reflecting Pool Restrooms
N/A
Other
4. CITY SERVICES NEEDED: Mark all that apply
City Services Needed
Cones*
Barricades *
Crowd-Control
Gates*
Event
Use/Purpose:*
Cones/Barricades (signed agreement required)
Detour/Traffic Redirection Signs (signed agreement required)
Emergency Medical Services (EMS) (Extra fees may apply)
Extra Patrol During Event (when available)
Traffic Control (Extra fees may apply)
On-site Security (Assigned off-duty CPD officers, extra fees will apply)
No Parking Signs (Pick up at Carmel Police Department)
Trash Trailer ($150 fee may be applied for use)
N/A
Other
Agreement must be signed with Carmel Street Department before delivery/pickup
Standard Cones Tall Skinny Cones
Barricades (used to close roads)Crowd-Control Gates
Please note the number of Barricades needed
14
Please note the number of Crowd-Control Gates needed
12
5. EVENT DETAILS
Indiana Beer sampling event with food and beverage vendors
Description of
Event Date
End*
Tear Down End
time:*
Event End
time:*
Provide a brief description of event
Brews on the Boulevard returns to Midtown Carmel Saturday, August 23 form 5 p.m.
- 9 p.m. Brought to you by the City of Carmel Brews & Barrels Trail and Allied
Solutions. Enjoy samples from breweries throughout the state. All ages are welcome
to attend!
Brews on the Boulevard includes food vendors, live entertainment, and more - open
to the public. For more information about Brews & Barrels Trail, visit our website at
CarmelBrewsAndBarrels.com.
Sampling Tickets are $30 and include a souvenir tasting glass. Sample selections at
each brewery booth with the opportunity to purchase items from y our favorites.
Attach additional pages if needed-SEE BELOW
ADDITIONAL PAGES OF DESCRIPTION OF THE EVENT
8/23/2025
12:00:00 AM
09:00:00 PM
NA
2,000
Will a Fee be charged for this event? If yes, please describe below.
Yes
No
Purpose of fee
General attendance is free. Sampling ticket
has a fee.
Event: *
Event Date Start *
8/23/2025
If multiple dates,
please list
Set-Up time: *
8:00:00 AM
Event Start
time:*
4:00:00 PM
Rehearsal
Number of People
Expected: *
Fees?
Fees (cont'd)
EVENT SET UP:
Stage
City mobile stage with extensions
Size of Stage
Vendors
Vendors Present*
Contact Person*
Email*
Phone Number:*
Cell Number:
Name/Organization:
Address
Organization
Type:*
Tent(s) – If placing a tent over the entire green space at Midtown Plaza, the
exclusive vendor for tent rental is A-Classic Party Rentals (317-251-7368).
Otherwise, you may use the vendor of your choice.
All tents 9x10 or 10x10. There will be no tent
over lawn.
Size of Tent (s) (Tents 20 x 20 or larger require inspection by Carmel Fire Department, 317-571-2600)
Bounce House
N/A
Other
Name of Merchants(s) doing the setup
Phone Number of Merchant(s) doing set up:
VENDORS:
Vendors Present
Food Served (May be subject to Hamilton County Health Department Inspection)
Alcohol Served (Please see Section R under “General Terms and Conditions” in
the Special Event/Facility Use Policy)
N/A
Approximately how many vendors will be present?
25
6. CONTACT INFORMATION:
Tierra Bush
tbush@carmel.in.gov
3176182799
City of Carmel
City
Carmel
State / Province / Region
IN
Postal / Zip Code
46032
Country
United States
Street Address
1 Civic Square
Address Line 2
Non-Profit Organization
Residency
A refundable Security Deposit in the amount of $100 for any applicant located or residing within Carmel city limits or a
non-refundable event fee in the amount of $150 for any applicant located or residing outside of Carmel city limits must
be received prior to application review or processing.
Payment may be made online using a credit or debit card at https://www.govpaynow.com . PLC #A0026j, calling the
Govpay call center at 1-888-604-7888 (give them PLC#) or in the form of a certified check or money order made payable
to the City of Carmel. (Mail to: Carmel City hall, Attn: Lobby Desk, 1 Civic Square, Carmel, IN 46032)
The Carmel Board of Public Works and Safety reserves the right, in its sole discretion, to deny any facility use
request and/or revoke any previously granted request to use a City facility for any lawful reason.
Is the Organization based within the City of Carmel city limits?
Yes
No
SECURITY DEPOSIT AND FEE:
DISCLAIMER:
Acknowledgement and Agreement
Mayor's Office
ACKNOWLEDGEMENT AND AGREEMENT
TO COMPLY WITH SPECIAL EVENT/FACILITY USE POLICY
I have read and understand the City of Carmel, Indiana ("City") Special Event/Facility Use Policy and agree to be bound by
all the terms and conditions set forth therein.
I will leave the City facility I use in the same condition that it was immediately prior to my use thereof. I agree to pay for any
damage, repair or clean-up costs incurred by the City as a result of my use of a City facility.
I hereby certify that I, and the organization I represent, if applicable, agree to be bound by the City's Special Event/Facility
Use Policy and by any addition conditions or restrictions placed upon my/our use of a City facility by the Board. I
understand that the Board has the right to deny, alter or revoke my request for the use of a City facility for any lawful
reason. I and/or my organization also agree to indemnify and hold harmless the City of Carmel and all of its directors,
officers, employees, agents and affiliates from any claims of whatever nature (whether foreseeable or not) arising from or
in connection with this Application for any damages, costs or expenses incurred directly or indirectly as a result of my/our
use of the City-owned facility and/or property.
Age Confirmation*
Special
Event/Facility Use
Policy*
*
*
GO TO THE CITY OF CARMEL USE ONLY TAB AND CLICK ON SUBMIT
I confirm that I am 18 years of age or older.
By selecting this box, I hereby acknowledge that I have read and fully understand
the City of Carmel, Indiana ("City") Special Event/Facility Use Policy and agree to
be bound by all the terms and conditions set forth therein.
City of Carmel
Name of Organization/Applicant
Signature of Authorized Agent/Applicant
Tierra Bush
Printed Name and Title (If applicable)
3176182799
Phone Number (Required)
1 Civic Square
Carmel, IN 46032
Address of Organization/Applicant
6/6/2025
Date
City of Carmel Use Only
Approved this ______day of _______________, 20
CITY OF CARMEL, INDIANA
By and Through its Board of Public Works and Safety
___________________________________
Laura Campbell, Presiding Officer
Date: ______________________________
___________________________________
James Barlow, Member
Date: ______________________________
___________________________________
Alan Potasnik, Member
Date: ______________________________
ATTEST:
_____________________
Jacob Quinn, City Clerk
________________
Date
Special Conditions:__________________________________________________________________
June 25, 2025
Board of Public Works and Safety
One Civic Square
Carmel, Indiana 46032
RE: WAIVER OF BPW RESOLUTION NO. 04-28-17-01 – DUKE ENERGY – TRANSMISSION LINE MAINTENANCE
Dear Board Members:
Duke Energy is requesting a waiver from the City’s Buried Utility District requirements (BPW Resolution No. 04-28-
17-01) to replace a static line on existing transmission poles along W 121st St, Shelborne Rd, W 126th St, and Main
St. (exhibit attached). This project is maintenance of existing infrastructure, and no new poles will be installed as
part of this project.
The Department of Engineering, in review of the proposed requested waiver, has determined that the waiver is
valid and recommends approval of the waiver conditioned upon the following:
• The project’s contractor shall comply with the provisions of Carmel City Code 6-227(a)(1), 6-227(a)(8) and
6-227(b).
• Any damage to the existing improvements within the right of way of and City of Carmel roadway shall be
restored to the satisfaction of the City when work is completed.
• Access to all adjoining properties shall be maintained at all times.
• The petitioner acknowledges that this waiver is for the items described above only.
• The petitioner acknowledges that the waiver approved on this date does not guarantee approval of any
future waiver requests for this or any other project.
Sincerely,
Bradley Pease, P.E.
City Engineer
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June 23, 2025
Board of Public Works and Safety
One Civic Square
Carmel, Indiana 46032
RE: STORMWATER TECHNICAL STANDARDS WAIVER –THE BONEYARD – 902 W STREET
Dear Board Members:
Brad Schrage, with Rift Consulting, LLC, has requested a waiver from the Stormwater Technical
Standards Manual in association with The Boneyard at 902 W. Main Street (exhibit attached).
The Department of Engineering, in review of the proposed conditions and design standards, has
determined that the waivers requested are valid given the existing site constraints involved with the
project and recommend approval.
Sincerely,
Bradley Pease, P.E.
City Engineer
June 6, 2025
City of Carmel
Board of Public Works
To whom it may concern,
On behalf of our client, Warthog Cabbage, LLC, we are requesting a waiver from the
requirement to meet current water quality/quantity standards if the total site disturbance is
greater than 0.25 acres. The proposed site disturbance is approximately 0.45 acres. The
majority of the area being disturbed is to repair/remove existing asphalt and gravel
pavement. The proposed runoƯ from the project is reduced with the redevelopment of this
site and a positive outlet is being provided to remove the current sheet flow into Main Street
and onto the adjoining neighbors.
We would request that this item be heard at the next available Board of Public Works
meeting on July 2, 2025.
Thank you for your consideration,
Brad Schrage, PE
Rift Consulting, LLC
VARIANCE AGREEMENT FOR PORTIONS OF THE WILLIAMS CREEK
OF HENLEY DRAIN LOCATED IN THE CITY OF CARMEL, INDIANA
Document Cross Reference No. 202337154
This Variance Agreement (“the Agreement”), entered on the dates set out below by
and between the Hamilton County Drainage Board (“the Drainage Board”) and the City
of Carmel, Indiana, by and through its Board of Public Works and Safety (“the City”).
WITNESSETH
WHEREAS, the City is the owner of a water utility which serves citizens of the City of
Carmel, which water utility will cross the drainage easement of the Williams Creek OF
Henley Drain (“the Drain”) on a parcel of land located at 931 W. 136th Street, Carmel, IN
46032, and is also known as Hamilton County Tax Parcel No. 17-09-27-00-00-008.005
(“the Real Estate”); and,
WHEREAS, the Drainage Board is a public body with responsibility for managing
certain drainage facilities, including regulated drains, within Hamilton County pursuant to
Indiana Code 36-9-27; and,
WHEREAS, part of a regulated drain, the Drain, consists of an open ditch located
within the City and the City is planning to install a twelve-inch (12”) water line (“the Water
Line”) under the Drain along the west side of Six Points Road and south of W. 136th Street;
and,
WHEREAS, pursuant to Indiana Code 36-9-27-1, et. seq., the Drainage Board has
duties and powers concerning the location, maintenance, and reconstruction of utility
structures within regulated drainage easements, including the authority to impose
conditions for public utilities to install public facilities within a regulated drainage
easement; and,
WHEREAS, by Ordinance, the Drainage Board requires that utility structures
located within, or crossing, a regulated drainage easement be located at least ten feet
(10’) below the lowest point of any regulated drainage pipe or bottom of an open
ditch; and,
WHEREAS, the Drainage Board has been requested to grant a variance to the
City to permit the Water Line to be installed below the Drainage Pipe at a minimum
separation of five feet (5’) between the bottom of the Board’s Drainage Pipe and the
top of the City’s Water Line; and,
WHEREAS, the City, on behalf of itself, and its successors in title to the Water Line
has agreed reimburse the Drainage Board for costs which the Drainage Board may
incur in the event that the placement of the Water Line increases the costs to maintain
or reconstruct the Drain and/or it is necessary for the Drainage Broad to relocate the
Water Line and/or it is necessary for the Drainage Board to repair damage to the Drain
resulting from the repair, replacement, or relocation of the Water Line, and the
particulars of their agreement in that regard are described below.
IT IS THEREBY AGREED by and between the parties as follows:
1. Notwithstanding the existing standard of the Drainage Board requiring the
depth of all utility facilities within a regulated drainage easement to be at least ten feet
(10’) below all drainage facilities of a drainage pipe or open ditch, the Drainage Board
agrees to grant a variance to the City. The variance shall permit the distance between
the bottom of the Drainage Board’s Drainage Pipe to the top of the City’s Water Line to
change from a minimum of ten feet (10’) to a minimum of five feet (5’). This variance is
in consideration of the recommendation of the Hamilton County Surveyor and the fact
that the probability of the Drainage Pipe being lowered is minimal, based on the
existing Master Plan for the Drain.
2. The City shall give the Hamilton County Surveyor at least twenty (20) days’
notice prior to beginning installation of the Water Line near the Drainage Pipe.
3. Within sixty (60) days of the completion of construction of the Water Line, the
City shall submit “as built” plans to the Hamilton County Surveyor showing the exact
location and elevation of the Water Line under the Drain.
4. The Water Line shall be constructed by the City or its contractors at the
location shown on Exhibit A. No other utilities structures may be constructed by the City,
its contractors, or other utilities within the drainage easement of the Drain pursuant to
this variance, other than the Water Line described herein.
5. The proposed improvements by the City within the drainage easement shall
only include the installation of the Water Line to be located at least five feet (5’) below
the bottom of the Drainage Pipe. Plans showing the location of the Water Line shall be
provided to the Hamilton County Surveyor and the Drainage Board for review and
approval, prior to installation of the Water Line.
6. Except in the case of an emergency or need to immediately protect or repair
the Drain, the City, or its successor in title to the Water Line, shall be promptly notified in
writing by the Hamilton County Surveyor Office in the event the Drainage Board
believes it is necessary to relocate the Water Line or the County’s open ditch needs
repair or maintenance due to installation, maintenance, lack of maintenance, or the
location of the Water Line (“Item”). Unless time is extended by the Drainage Board,
which extension shall not be unreasonably withheld, the City shall have twenty (20)
business days after notice to remedy the noticed item to the Drainage Board’s
reasonable satisfaction, which shall not be unreasonably withheld. If the City fails to
reasonably remedy such Item within that period of time, the City shall reimburse the
Drainage Board for the reasonable costs incurred by such Drainage Board for the Water
Line relocation, or repair, or the resultant maintenance of the Drain.
7. The City shall reimburse the Drainage Board for all reasonable costs related to
future repair, maintenance, reconstruction of the Drain, or relocation of the Drain, or
any subsequently installed drainage structure of the Drainage Board, if such costs are
caused by location of the Water Line, damages resulting from the City’s work in
connection with the Water Line, or the City’s maintenance, or lack of repair of the
Water Line. The City shall also reimburse the Drainage Board for all reasonable costs
resulting from the location or future installation of the Water Line, or costs incurred by
the Drainage Board to work around the Water Line or to relocate the Water Line in
order to maintain the current, or future, drainage structure. All costs reimbursable to the
Drainage Board (“Costs”) shall be reimbursed to the Drainage Board within ninety (90)
days of invoice.
8. In the event the Costs invoiced by Drainage Board are not reimbursed within
ninety (90) days of the invoice, the City shall also pay the Drainage Board’s attorney’s
fees and costs of collection.
9. Each party agrees in good faith to take such further actions and execute,
acknowledge, and deliver, such further documents and instruments as may be necessary
or appropriate to fully carry out the intent and purpose to this Agreement.
10. This Agreement and all instruments or documents entered into pursuant to this
Agreement, shall be binding upon the City, as the owner of the Water Line, and the
Drainage Board. This Agreement constitutes the entire agreement between the parties
pertaining to the subject matter contained in this Agreement. No supplement,
modification or amendment of this Agreement shall be binding unless in writing and
executed by the Drainage Board and the owner(s) of the Water Line.
IN WITNESS WHEREOF, the parties have entered into this Variance Agreement on
dates set out below.
ALL OF WHICH IS AGREED by the Hamilton County Drainage Board on the _____ day
of ___________, 2025.
HAMILTON COUNTY DRAINAGE BOARD
____________________________________
Steven C. Dillinger
____________________________________
Mark Heirbrandt
____________________________________
Christine Altman ATTEST:
_________________________________
Lynette Mosbaugh, Secretary
STATE OF INDIANA )
) SS: COUNTY OF HAMILTON )
Before me, a Notary Public in and for the State of Indiana, personally appeared
Mark Heirbrandt, Christine Altman, and Steven C. Dillinger as members of the Hamilton County Drainage Board, and Lynette Mosbaugh, as Secretary of the Hamilton County
Drainage Board, who acknowledged the execution of the foregoing Reimbursement Agreement for and on behalf of such the Board.
Subscribed and sworn to before me this ____ day of _________, 2025.
My Commission Expires: __________________________________
____________________ Notary Public
__________________________________
County of Residence
Approved and Adopted this _____ day of _________, 2025.
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
BY:
_________________________________
Laura Campbell, Presiding Officer
Date:____________________________
_________________________________
Jim Barlow, Member
Date:____________________________
_________________________________
Alan Potasnik, Member
Date:____________________________
ATTEST:
_________________________________
Jacob Quinn, Clerk
Date:____________________________
STATE OF INDIANA ) ) SS:
COUNTY OF HAMILTON )
Before me, a Notary Public in and for the State of Indiana, personally appeared Laura Campbell, Presiding Officer, and Jim Barlow and Alan Potasnik, as members of
the Board of Public Works and Safety for the City of Carmel, Indiana; Jacob Quinn, as
Clerk for the City of Carmel, Indiana, who acknowledged the execution of the
foregoing Interlocal Agreement.
Subscribed and sworn to before me this ____ day of ________, 2025.
My Commission Expires: __________________________________
____________________ Notary Public
__________________________________
County of Residence
I affirm, under the penalties of perjury, that I have taken reasonable care to redact each social security number in the document.
Michael A. Howard This instrument prepared by Michael A. Howard, One Hamilton County Square, Suite 306, Noblesville, Indiana, 46060, 317-443-4421.
VARIANCE AGREEMENT FOR PORTIONS OF THE TUNIS-GARRARD DRAIN LOCATED IN THE CITY OF CARMEL, INDIANA This Variance Agreement (“the Agreement”), entered on the dates set out below by and between the
Hamilton County Drainage Board (“the Drainage Board”) and the City of Carmel, Indiana, by and through its
Board of Public Works and Safety (the “City”).
WITNESSETH
WHEREAS, the City of Carmel (“the City”), is the owner of a water utility which serves citizens of the
City; and,
WHEREAS, the City’s new twelve inch (12”) Water Pipe will cross the drainage easement of a
regulated drain known as the Tunis-Garrard Drain (“the Drain”); and,
WHEREAS, the Drain consists of a forty-two inch (42”) reinforced concrete pipe located within the City
and the City is planning to install a twelve inch (12”) water pipe (“the Water Pipe”) under the Drain on the west
side of River Road and north of Community Drive; and,
WHEREAS, the Drainage Board is a public body with responsibility for managing certain drainage
facilities, including regulated drains, within Hamilton County pursuant to Indiana Code 36-9-27; and,
WHEREAS, pursuant to Indiana Code 36-9-27-1, et. seq., the Drainage Board has duties and
powers concerning the location, maintenance, and reconstruction of regulated drains within regulated
drainage easements, including the authority to impose conditions for public utilities to install public facilities
within a regulated drainage easement; and,
WHEREAS, by Ordinance, the Drainage Board requires that utility structures located within, or
crossing, a regulated drainage easement be located at least ten feet (10’) below the lowest point of a
drainage pipe or open ditch; and,
WHEREAS, the Drainage Board has been requested to grant a variance to the City to permit the
Water Pipe to be installed below the Drainage Pipe at a minimum separation of five feet (5’) between the
bottom of the Board’s Drainage Pipe and the top of the City’s Water Pipe; and,
WHEREAS, the City has agreed to reimburse the Drainage Board for costs which the Drainage
Board may incur in the event that the placement of the Water Pipe increases the costs to maintain or
reconstruct the Drain and/or it is necessary for the Drainage Board to relocate the Water Pipe and/or it is
necessary for the Drainage Board to repair damage to the Drain resulting from the repair, replacement, or
relocation of the Water Pipe, and the particulars of their agreement in that regard are described below.
IT IS THEREBY AGREED by and between the parties as follows:
1. Notwithstanding the existing standard of the Drainage Board requiring the depth of all utility
facilities within a regulated drainage easement to be at least ten feet (10’) below all drainage facilities of a
drainage pipe or open ditch, the Drainage Board agrees to grant a variance to the City. The variance shall
permit the distance between the bottom of the Drainage Board’s Drainage Pipe to the top of the City’s
Water Pipe to change from a minimum of ten feet (10’) to a minimum of five feet (5’). This variance is in
consideration of the recommendation of the Hamilton County Surveyor and the fact that the probability of
the Drainage Pipe being lowered is minimal, based on the existing Master Plan for the Drain.
2. The City shall give the Hamilton County Surveyor at least twenty (20) days’ notice prior to
beginning installation of the Water Pipe near the Drainage Pipe.
3. Within sixty (60) days of the completion of construction of the Water Pipe, the City shall submit
“as built” plans to the Hamilton County Surveyor showing the exact location and elevation of the Water Pipe
under the Drain.
4. The Water Pipe shall be constructed by the City or its contractors at the location shown on
Exhibit A. No other utilities structures may be constructed by the City, its contractors, or other utilities within
the drainage easement of the Drain pursuant to this variance, other than the Water Pipe described herein.
5. The proposed improvements by the City within the drainage easement shall only include the
installation of the Water Pipe to be located at least five feet (5’) below the bottom of the Drainage Pipe.
Plans showing the location of the Water Pipe shall be provided to the Hamilton County Surveyor and the
Drainage Board for review and approval, prior to installation of the Water Pipe.
6. Except in the case of an emergency or need to immediately protect or repair the Drain, the
City, shall be promptly notified in writing by the Hamilton County Surveyor’s Office in the even the Drainage
Board believes it is necessary to relocate the Water Pipe or the County’s open ditch needs repair or
maintenance due to the installation, maintenance, lack of maintenance, or the location of the Water Pipe
(“Item”). Unless time is extended by the Drainage Board, which extension shall not be unreasonably
withheld, the City shall have twenty (20) business days after notice to remedy the noticed Item to the
Drainage Board’s reasonable satisfaction, which shall not be unreasonably withheld. If the City fails to
reasonably remedy such Item within that period of time, the City shall reimburse the Drainage Board for the
reasonable costs incurred by such Board for the Water Pipe relocation, or repair, or the resultant
maintenance of the Drain.
7. The City shall reimburse the Drainage Board for all reasonable costs related to future repair,
maintenance, reconstruction of the Drain, or relocation of the Drain, or any subsequently installed drainage
structure of the Drainage Board, if such costs are caused by location of the Water Pipe, damages resulting
from the City’s work in connection with the Water Pipe, or the City’s maintenance, or lack of repair of the
Water Pipe. The City shall also reimburse the Drainage Board for all reasonable costs resulting from the
location or future installation of the Water Pipe, or costs incurred by the Drainage Board to work around the
Water Pipe or to relocate the Water Pipe in order to maintain the current, or future, drainage structure. All
costs reimbursable to the Drainage Board (“Costs”) shall be reimbursed to the Drainage Board within ninety
(90) days of invoice.
8. In the event the Costs invoiced by the Drainage Board are not reimbursed within ninety (90)
days of the invoice, the City shall also pay the Drainage Board’s reasonable attorney’s fees and costs of
collection.
9. Each party agrees in good faith to take such further actions and execute, acknowledge, and
deliver, such further documents and instruments as may be necessary or appropriate to fully carry out the intent
and purpose to this Agreement.
10. This Agreement and all instruments or documents entered into pursuant to this Agreement, shall
be binding upon the City, as the owner of the Water Pipe, and the Drainage Board. This Agreement constitutes
the entire agreement between the parties pertaining to the subject matter contained in this Agreement. No
supplement, modification or amendment of this Agreement shall be binding unless in writing and executed by
the Drainage Board and the owner(s) of the Water Pipe.
11. This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument, with the same effect as if all
parties had signed the same signature page.
IN WITNESS WHEREOF, the parties have entered into this Variance Agreement on dates set out
below.
ALL OF WHICH IS AGREED by the Hamilton County Drainage Board on the _____ day of _______, 2025.
HAMILTON COUNTY DRAINAGE BOARD ____________________________________ Mark Heirbrandt ____________________________________ Christine Altman ____________________________________ Steven C. Dillinger ATTEST: _________________________________ Lynette Mosbaugh, Secretary
STATE OF INDIANA )
) SS: COUNTY OF HAMILTON ) Before me, a Notary Public in and for the State of Indiana, personally appeared Mark Heirbrandt, Christine Altman, and Steven C. Dillinger as members of the Hamilton County Drainage Board, and Lynette Mosbaugh, as Secretary of the Hamilton County Drainage Board, who acknowledged the execution of the foregoing Reimbursement Agreement for and on behalf of such the Board. Subscribed and sworn to before me this ____ day of________, 2025. My Commission Expires: __________________________________ ____________________ Notary Public __________________________________ County of Residence
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
BY:
_________________________________
Laura Campbell, Presiding Officer
Date:____________________________
_________________________________
Jim Barlow, Member
Date:____________________________
_________________________________
Alan Potasnik, Member
Date:____________________________
ATTEST:
_________________________________
Jacob Quinn, Clerk
Date:____________________________
STATE OF INDIANA ) ) SS:
COUNTY OF HAMILTON )
Before me, a Notary Public in and for the State of Indiana, personally appeared Laura Campbell, Presiding Officer, and Jim Barlow and Alan Potasnik, as members of
the Board of Public Works and Safety for the City of Carmel, Indiana; Jacob Quinn, as
Clerk for the City of Carmel, Indiana, who acknowledged the execution of the
foregoing Interlocal Agreement.
Subscribed and sworn to before me this ____ day of ________, 2025.
My Commission Expires: __________________________________
____________________ Notary Public
__________________________________
County of Residence
I affirm, under the penalties of perjury, that I have taken reasonable care to redact each social security number in the document.
Michael A. Howard This instrument prepared by Michael A. Howard, One Hamilton County Square, Suite 306, Noblesville, Indiana, 46060, 317-443-4421.
Form as of August 26, 2020
2
the Project, Grantee shall repair, restore, and replace any damaged driveways, paths, sidewalks or parking
areas on the Easement Property, and Grantee shall seed the affected portion of the Easement Property.
Grantee shall not be obligated to restore any landscaping, trees, vegetation or similar items and shall have
no other repair obligations other than as set forth herein. In the course of any work performed by Grantee
pursuant to the rights granted it hereunder, Grantee shall (i) diligently pursue the completion of such work,
(ii) use commercially reasonable efforts, to minimize any disruption or interference with the use and
conduct of business upon Grantor’s Property, and (iii) except for emergencies involving the public health,
safety or welfare, not unreasonably impair vehicular or pedestrian access to and through Grantor’s Property.
3. Rights Retained by Grantor. Grantor shall retain unto itself the right to use the Easement
Property for any and all purposes and uses not inconsistent with the foregoing easement; provided, however,
Grantor shall not erect or maintain any permanent structures, obstructions, or other improvements under
and/or upon the surface of or over the Easement Property (provided, however, that the erection or
maintenance of driveways, curbing, asphalt or concrete paving, paths, sidewalks, parking areas or similar
improvements shall be permitted) or perform any act which would unreasonably impair or interfere with
Grantee’s use and enjoyment of the Easement Property or the easement herein granted. The immediately
preceding sentence prohibits (among the other prohibitions effected by it) the erecting or maintaining in the
Easement Property of any earthen mound or series or system of earthen mounds.
4. Obligations of Grantor. Grantor shall not install any fence, structure, or other improvements
(other than those installed by Grantee and other than those permitted in this Agreement). Grantor shall mow
and care for the grass located within the Easement Property. Grantor shall not block, impede or interfere
with the Improvements or Grantee’s access to or use of the Easement Property.
5. Exceptions. Grantee recognizes there is an existing monument sign within the area of the
proposed perpetual easement that will not be disturbed by the project. Said sign may remain in current
location, undisturbed in perpetuity.
6. Easement and Covenants Appurtenant. The easement granted, created and made herein,
together with the benefits thereof, shall run with the Grantor’s Property and the Easement Property, inure
to the benefit of Grantee and its grantees, successors and assigns and shall bind Grantor and its grantees,
successors and assigns.
7. Environmental Matters. To the Grantor’s knowledge, neither Grantor’s Property nor the
Easement Property is currently subject to or threatened with any environmental lien, written claim or
proceeding. Grantor agrees that between Grantor and Grantee, the acceptance of this Agreement by Grantee
shall not increase the liability of Grantee for environmentally related claims arising from or related to (i)
conditions on the Grantor’s Property or the Easement Property prior to the acceptance of this Agreement
unless caused by Grantee or Grantee’s employees, agents, representatives and contractors; (ii) acts of
Grantor or any other third party (other than Grantee’s employees, agents, representatives and contractors);
or (iii) conditions on the Grantor’s Property or the Easement Property not created by Grantee or Grantee’s
employees, agents, representatives and contractors.
8. Other Obligations. Grantor agrees that this Agreement shall not transfer to Grantee any past,
present, or future obligation(s) of Grantor to be responsible for, or to pay, any tax, assessment, or fee
associated with or related to the Grantor’s Property or Easement Property.
Form as of August 26, 2020
3
9. Waiver. Waiver by either party of any one default hereunder will not be deemed to be a
waiver of any other default under this Agreement. Any remedy or election under this Agreement will not
be deemed exclusive, but instead, whenever legally permissible, will be cumulative with all other remedies
at law or in equity.
10. Amendment. Grantor and Grantee agree that this Agreement shall only be modified or
released by the express, written consent of both Grantor and Grantee. Said consent, when duly recorded,
shall run with the Grantor’s Property and the Easement Property.
11. Entire Agreement. This Agreement contains the entire agreement of the parties with respect
to the subject matter hereof, and all prior agreements, communications and negotiations between the parties,
either verbal or written, are hereby merged into this Agreement. This Agreement may be terminated,
modified, or amended only by a writing signed by the parties, and no agreement or consent of any other
persons (other than any mortgagee of the Grantor’s Property) shall be necessary for such termination,
modification, or amendment.
12. Governing Law. This Agreement will be governed by and construed in accordance with the
laws of the State of Indiana. Any litigation associated with or arising from this Agreement shall be filed
with a court of competent jurisdiction within Hamilton County, Indiana.
13. Notice. Any and all notices, demands, requests, submissions, approvals, consents, or other
communications or documents required to be given, delivered or served or which may be given, delivered
or served under or by the terms and provisions of this Agreement or pursuant to law or otherwise, shall be
in writing. All notices shall be either (a) sent by overnight delivery using a nationally recognized overnight
courier, in which case notice shall be deemed delivered one business day after deposit with such courier,
(b) sent by certified or regular U.S. mail, postage prepaid, in which case notice shall be deemed delivered
two business days after deposit in such mails, or (c) sent by personal delivery, in which case notice shall be
deemed delivered upon receipt or refusal of delivery. All notices shall be addressed to the respective parties
as follows:
If to Grantee: City of Carmel
One Civic Square
Carmel, Indiana 46032
Attn: Corporation Counsel
With a copy to: City of Carmel
30 W. Main Street
Suite 220
Carmel, Indiana 46032
Attn: Director of Utilities
If to Grantor: Aria Land JV LLC
10 W. Carmel Dr., Ste 200
Carmel, IN 46032
Form as of August 26, 2020
4
14. Severability. If any term, covenant, condition or provision of this Agreement or the
application thereof to any person or circumstance, shall at any time or to any extent be held invalid or
unenforceable, the remainder of this Agreement, or the application of such term or provision to persons or
circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby,
and each such term, covenant, condition and provision of this Agreement shall continue to be valid, binding
and enforceable to the fullest extent permitted by law.
15. Authority. The person(s) executing this instrument on behalf of Grantor hereby represent
that they have the authority to bind Grantor to the terms and conditions set forth herein and that all necessary
action therefore has been taken. Grantor further represents and warrants to Grantee that to Grantor’s
knowledge, Grantor is the fee simple owner of the Easement Property; that Grantor has the right to grant
this easement; and that no approval of any other party is necessary for the granting of this Agreement or to
the extent necessary has been obtained by Grantor.
[Signature pages to follow]
Prior Deed Reference: Instrument No 2019-08648, in the
Recorder’s Office for Hamilton County, Indiana
TEMPORARY EASEMENT GRANT
(GENERAL)
THIS INDENTURE WITNESSETH, That Aria Land JV, LLC, the Grantor(s) of Hamilton County,
State of Indiana Grant(s) to the City of Carmel, Indiana, the Grantee, for good and valuable consideration, the
receipt of which is hereby acknowledged, a temporary easement to enter upon and have possession of the Real
Estate of the Grantor(s) for the purpose of water line construction, which said Real Estate situated in the County
of Hamilton, State of Indiana, and which is more particularly described in the legal description(s) attached hereto
as Exhibit “A” which is incorporated herein by reference, which said temporary easement shall be extinguished,
become void and revert to the Grantor(s) and/or the Grantor(s) successor(s) in title upon completion of the said
Project. Said extinguishment shall be evidenced by a release document, which shall be executed and recorded by
the Grantee, at no cost to the Grantor(s).
Any and all timber, shrubbery, fences, buildings and any other improvements situated within the area of
the temporary easement granted herein shall become the property of the City of Carmel except:
1 Monument Sign, lawn irrigation system
The said Grantor(s) acknowledge(s) that all provisions of this grant of temporary easement are as stated
and set forth herein and that no verbal agreements or promises exist with respect thereto.
This temporary conveyance is subject to any and all easements, conditions and restrictions of record.
However, the said Grantor(s), for the purpose of inducing the City of Carmel to accept this grant and to pay the
hereinbefore referenced consideration, represent(s) that the Grantor(s) is / are the owner(s) in fee simple of the
Real Estate and that there exist no encumbrances, conditions, restrictions, leases, liens (except current real estate
taxes and assessments) of any kind or character which would be inconsistent with the temporary rights granted
herein.
Carmel agrees to have repairs to improvements damaged by construction repaired by vendors approved /
selected by Aria Land JV, LLC.