The URL can be used to link to this page

Home My WebLink About2024.11.19 PPFD Meeting PacketPasco Public Facilities District Board Building Regional Facilities through Community Partnerships AGENDA 4:00 PM - Tuesday, November 19, 2024; Pasco City Hall, Council Chambers & Microsoft Teams Webinar Page I. MEETING INSTRUCTIONS for REMOTE ACCESS - Individuals, who would like to provide public comment remotely, may continue to do so by filling out the online form via the City’s website (www.pasco-wa.gov/publiccomment) to obtain access information to comment. Requests to comment in meetings must be received by 1:00 p.m. on the day of each meeting. To listen to the meeting via phone, call (323) 676-6197 and use access code 614 497 766#. II. Welcome, Call To Order, and Roll Call III. Recognition of Visitors/Public Comments - This item is provided to allow the public the opportunity to bring items to the attention of the Pasco Public Facilities District Board. Its purpose is not to provide a venue for debate or for the posing of questions with the expectation of an immediate response. Public comments will normally be limited to three minutes by each speaker. Those with lengthy messages are invited to summarize their comments and/or submit written information for consideration by the PPFD Board outside of formal meetings. Lastly, when called upon, please state your name and city or county residency before providing your comments. IV. Approval of Minutes 4 - 8 A. Approve PPFD Board October Meeting Minutes MOTION: I move to approve the PPFD Board minutes from the October 22, 2024, meeting. V. Claims Approval 9 A. Approval of PPFD Monthly Accounts Payable Claims MOTON: I move to approve the October 2024 PPFD claims (accounts payable) in the amount of $__________. VI. Financial Report 10 - 13 A. October 2024 Balance Sheet, Budget Performance Report and Local Tax Distribution Report VII. Reports from Committees Page 1 of 51 A. Design & Construction Committee (Gillespie & Jilek; Alternate Morrissette) B. Audit & Finance Committee (Morrissette & Bowdish; Alternate Jilek) VIII. Old Business 14 - 26 A. Resolution PPFD Investment Policy Update Related to the Local Government Investment Pool (Buckley & Perez) MOTION: I move to approve Resolution No. 2024-15, authorizing investment of Pasco Public Facilities District monies in the Local Government Investment Pool. IX. New Business 27 A. PPFD Aquatics Facility Design and Development Update (Jordan Tiegs) 28 - 29 B. Resolution Related to Issuing a RFQ for Branding Package (Watkins) MOTION: I move to approved Resolution No. 2024-18 to issue a Request for Qualifications for a branding package. 30 - 41 C. Resolution - Second Amendment to the Progressive Design- Build Contract (Gardner & Watkins) MOTION: I move to approve Resolution 2024-16, directing the PPFD Executive Director to negotiate and sign the Amendment No. 2 to the Progressive Design-Build contract with Bouten construction Company/NAC. 42 - 44 D. Resolution Related to the Stakeholder Register and Decision Matrix Update (Gardner & Watkins) MOTION: I move to approve Resolution 2024-17 to amend the Aquatics Stakeholder Register and Decision Matrix. X. Other Business A. PPFD Executive Director Report (Watkins) 1. Bonding Completion 2. Fall Festival & Spooky City Hall Public Outreach 3. Rezone Status 4. Amenity Sponsorship Consideration 45 - 51 B. Owner’s Representative Report (Gardner) Page 2 of 51 1. Project Update 2. Groundbreaking C. Pasco Operations and Maintenance (Rice) 1. Update ILA Progress D. Next PPFD Board Meetings: Tuesday, December 17, 2024 Tuesday, January 21, 2024 Tuesday, February 18, 2024 XI. Executive Session XII. Adjournment Page 3 of 51 Pasco Public Facilities District Board MINUTES 4:00 PM - Tuesday, October 22, 2024; Pasco City Hall, Council Chambers & Microsoft Teams Webinar WELCOME, CALL TO ORDER, AND ROLL CALL Pasco Public Facilities District (PPFD) President Morrissette welcomed members of the audience and called the meeting to order at 4:02 PM. Board Members Present: President Mark Morrissette, Vice President Marie Gillespie, Secretary/Treasurer Caroline Bowdish, Board Member Leonard Dietrich (remote), and Board Member Spencer Jilek (remote) Board Staff Present: PPFD Executive Director Matt Watkins City Council & Staff Present: City Attorney Eric Ferguson, Finance Director Darcy Buckley, Senior Accountant Veronica Perez, Parks & Recreation Director Jesse Rice, and City Clerk Debby Barham EXECUTIVE SESSION The PPFD Board adjourned into Executive Session at 4:05 PM for 15 minutes, returning at 4:20 PM, to discuss with Legal Counsel About Current or Potential Litigation per RCW 42.30.110(1)(i) with the PPFD Executive Director, City Finance Director, City Senior Accountant, and the City Attorney. Mr. Morrissette called the meeting back to order at 4:25 PM. Dr. Jilek was unable to be heard while participating remotely. RECOGNITION OF VISITORS/PUBLIC COMMENTS No one came forward. APPROVAL OF MINUTES Approve PPFD Board September 2024 Meeting Minutes MOTION: Ms. Bowdish moved to approve the PPFD Board minutes from the September 17, 2024, meeting. Ms. Gillespie seconded. Motion carried unanimously. Page 1 of 5Page 4 of 51 CLAIMS APPROVAL Approval of PPFD Monthly Accounts Payable Claims Ms. Buckley reported related on the September 2024 accounts payable claims. Dr. Jilek moved to a conference call and could be heard. MOTON: Ms. Bowdish moved to approve the September 2024 PPFD claims (accounts payable) in the amount of $4,779,284.02. Dr. Jilek seconded. Motion carried unanimously. Approval of Travel Reimbursement for PPFD Executive Director MOTION: Ms. Bowdish moved to approve travel reimbursement for the PPFD Executive Director for recent travel to Lynnwood, Washington where he participated in the Association of Washington Public Facilities Conference, in the amount of $377.58. Ms. Gillespie seconded. Motion carried unanimously. FINANCIAL REPORT September 2024 Balance Sheet, Budget Performance Report and Local Tax Distribution Report Ms. Buckley provided a brief overview of the September 2024 financial reports. REPORTS FROM COMMITTEES Design & Construction Committee Ms. Gillespie reported on the Design & Construction Committee's recent activities, which included the following:  lighting  security and communications  landscaping  natatorium size  plumbing  interior design options Ms. Gillespie also noted that the top items on the betterments list, pending additional funding, included:  10% increase in notarium space  next generation chlorination system  skylights in the natatorium  upgraded exterior soffits  rain cloud light/sound feature Page 2 of 5Page 5 of 51  additional colorful lighting Association of Washington Public Facilities Districts Conference Report Ms. Bowdish provided a recap of the conference that she, Mr. Watkins and Mr. Gardner recently attended. NEW BUSINESS Potential Betterments Planning Mr. Watkins referred to the Project Betterments Priority Decision document provided in the agenda packet and announced that the Bond was sold earlier in the day. It includes an additional $3M, which is available to the PPFD Board for additional features for the aquatics facility from the betterments list. This additional $3M was the result of the Bond not requiring a reserve as large as initially planned. At the request of Mr. Ferguson, Mr. Gardner briefly discussed the Guaranteed Maximum Price Contract process for building the aquatics facility. MOTION: Ms. Bowdish moved to adopt the Betterments presented totaling $2.3M contingent there is not a Debt Service Reserve Fund requirement. Ms. Gillespie seconded. Motion carried unanimously. PPFD Investment Policy Ms. Buckley explained the need to enact the PPFD Investment Policy. MOTION: Ms. Bowdish moved to approve Resolution No. 2024-12, to adopt the Pasco Public Facilities District Investment Policy. Ms. Gillespie seconded. Motion carried unanimously. Excess Cash Deposit Alternatives Ms. Buckley explained the two (2) options available for the PPFD to deposit excess cash until it is needed. Mr. Ferguson stated the goal is to store excess cash into appropriate investments until there is a need to utilize it for the PPFD Aquatics Facility. MOTION: Ms. Bowdish moved to approve Resolution No. 2024-13, authorizing investment of Pasco Public Facilities District funds in U.S. Bank under the IntraFi Cash Service. Ms. Gillespie seconded. Motion carried unanimously. MOTION: Ms. Gillespie moved to approve Resolution No. 2024-14, authorizing investment of Pasco Public Facilities District funds in the Page 3 of 5Page 6 of 51 Local Government Investment Pool. Ms. Bowdish Seconded. Motion carried unanimously. Rezone and Special Permit Application Mr. Watkins reported that the PPFD's property needs to be rezoned from Residential-Transitional to Mixed Use and provided an overview of the steps involved to get it rezoned. The PPFD Board briefly discussed the proposed rezone. MOTION: Ms. Gillespie moved to direct the PPFD Executive Director to apply and complete a rezone application for the 13 acres of Broadmoor property from Residential-Transitional (R-T) to Mixed Use including $825 fee for rezone fee, environmental checklist, radius notification, City application review costs, and any other tasks or fees reasonably necessary to complete the rezone process. Ms. Bowdish seconded. Motion carried unanimously. OTHER BUSINESS PPFD Executive Director Report Mr. Watkins reported on the following: 1. State Financial Review - Mr. Watkins announced that the Washington State Financial review was completed this past month. 2. Bonding - Mr. Watkins announced that the bonds were sold earlier in the day and the PPFD will have $50M on hand in November 2024. 3. City Council Update - Mr. Watkins stated that he provided an update to Pasco City Council regarding the status of the PPFD's Aquatics Facility. 4. Marketing, Development and Furnishings - Mr. Watkins discussed creating a PPFD logo as it is needed for the Design and Construction group for the aquatics facility's signage. Owner’s Representative Report Mr. Gardner reported on the status of the aquatics facility project and referenced his written report that was included in the agenda packet. ADJOURNMENT There being no further business, the meeting was adjourned at 5:35 pm. PASSED AND APPROVED THIS ___ DAY OF __________, 20__ Page 4 of 5Page 7 of 51 APPROVED: Mark Morrissette, President Debra Barham, MMC Page 5 of 5Page 8 of 51 Oct-24 Sum of Amount GL Date Subledger Account Description Vendor/Customer Item Description Oct Accounts Payable Legal Combined Services KERR FERGUSON LAW PLLC PPFD LEGAL SERVICES AUG 2024 1,469.50 Legal Combined Services Total 1,469.50 Organizational Services KENNEWICK PUBLIC FACILITIES DISTRICT PFD SALES TAX REC'D BY PASCO AND SENT TO KEN FOR SEP 2024 82,891.84 Organizational Services Total 82,891.84 Professional Services BOUTEN CONSTRUCTION CO SEPTEMBER 2024 PPFS AQUATIC - SEPTEMBER 2024 PPFD Aquatic Center Construction 273,525.54 WATKINS ENDEAVOR LLC SERVICES FOR PPFD SEPT 2024 10,390.00 WENAHA GROUP INC PPFD LABOR COST FOR HEATH SCOTT JAKE AND BROOKLYNN 14,594.65 Professional Services Total 298,510.19 Lodging Meals Miles Airfare US BANK CARD SVCS (EFT ONLY)6422 RICE - WATKINS M PPFD HOTEL STAY FOR WA STATE PF DIST CONF 474.26 6422 RICE - BOWDISH C PPFD CONFERENCE HOTEL STAY 474.26 BOWDISH CAROLINE CORBETT ATTENDED ANNUAL AWSPFD CONFERENCE 2024 55.50 Lodging Meals Miles Airfare Total 1,004.02 Accounts Payable Total 383,875.55 General Ledger Organizational Services City of Pasco October 2024 ILA subsidy payment 9,576.00 Organizational Services Total 9,576.00 Const Contract (Primary)City of Pasco Project#Z2024-008 Permit 825.00 Const Contract (Primary) Total 825.00 General Ledger Total 10,401.00 Grand Total 394,276.55 Pa g e 9 o f 5 1 Current YTD Prior Year Account Account Description Balance Total Actual Net Change Change % Fund Category External Fund Type Fund 931 - Pasco Public Facility District ASSETS 10 10.1010 Cash 1,823,134.83 3,424,863.62 (1,601,728.79)(46.77) 10 - Totals $1,823,134.83 $3,424,863.62 ($1,601,728.79)(46.77%) 12 12.1210 Taxes Receivable - Sales .00 1,011,598.43 (1,011,598.43)(100.00) 12 - Totals $0.00 $1,011,598.43 ($1,011,598.43)(100.00%) ASSETS TOTALS $1,823,134.83 $4,436,462.05 ($2,613,327.22)(58.91%) LIABILITIES AND FUND EQUITY LIABILITIES 21 21.2105 Accounts Payable .00 267,178.88 (267,178.88)(100.00) 21 - Totals $0.00 $267,178.88 ($267,178.88)(100.00%) LIABILITIES TOTALS $0.00 $267,178.88 ($267,178.88)(100.00%) FUND EQUITY 29 29.2900 Fund Balance 4,169,283.17 4,169,283.17 .00 .00 29 - Totals $4,169,283.17 $4,169,283.17 $0.00 0.00% FUND EQUITY TOTALS Prior to Current Year Changes $4,169,283.17 $4,169,283.17 $0.00 0.00% Prior Year Fund Equity Adjustment .00 .00 Fund Revenues (4,212,043.36)(3,642,633.68) Fund Expenses 6,558,191.70 797,115.88 FUND EQUITY TOTALS $1,823,134.83 $7,014,800.97 ($5,191,666.14)(74.01%) LIABILITIES AND FUND EQUITY TOTALS $1,823,134.83 $7,281,979.85 ($5,458,845.02)(74.96%) Fund 931 - Pasco Public Facility District Totals $0.00 ($2,845,517.80)$2,845,517.80 100.00% Fund Type Totals $0.00 ($2,845,517.80)$2,845,517.80 100.00% Fund Category External Totals $0.00 ($2,845,517.80)$2,845,517.80 100.00% Grand Totals $0.00 ($2,845,517.80)$2,845,517.80 100.00% Page 1 of 1Run by Veronica Perez on 11/13/2024 11:01:24 AM Balance Sheet Through 10/31/24 Detail Listing Include Rollup Account/Rollup to Base Pa g e 1 0 o f 5 1 Adopted Budget Amended Current Month YTD YTD Budget - YTD % Used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Fund 931 - Pasco Public Facility District REVENUE Dept 13 - City Mgr Prog 590 - PPFD Admin 31 31.1310 Local Sales Tax .00 4,200,000.00 4,200,000.00 474,985.82 .00 3,562,337.92 637,662.08 85 31.1311 PFD Sales Tax 500,000.00 340,000.00 840,000.00 86,260.51 .00 649,705.44 190,294.56 77 31 - Totals $500,000.00 $4,540,000.00 $5,040,000.00 $561,246.33 $0.00 $4,212,043.36 $827,956.64 84% 34 34.4527 PFD Pasco Support 20,000.00 (20,000.00).00 .00 .00 .00 .00 +++ 34 - Totals $20,000.00 ($20,000.00)$0.00 $0.00 $0.00 $0.00 $0.00 +++ Prog 590 - PPFD Admin Totals $520,000.00 $4,520,000.00 $5,040,000.00 $561,246.33 $0.00 $4,212,043.36 $827,956.64 84% Dept 13 - City Mgr Totals $520,000.00 $4,520,000.00 $5,040,000.00 $561,246.33 $0.00 $4,212,043.36 $827,956.64 84% Dept 98 - Budgeted Fund Balance Prog 000 - None 30 30.9999 Budget Est Beg Fund Balance (Unassigned).00 4,169,283.00 4,169,283.00 .00 .00 .00 4,169,283.00 0 30 - Totals $0.00 $4,169,283.00 $4,169,283.00 $0.00 $0.00 $0.00 $4,169,283.00 0% Prog 000 - None Totals $0.00 $4,169,283.00 $4,169,283.00 $0.00 $0.00 $0.00 $4,169,283.00 0% Dept 98 - Budgeted Fund Balance Totals $0.00 $4,169,283.00 $4,169,283.00 $0.00 $0.00 $0.00 $4,169,283.00 0% REVENUE TOTALS $520,000.00 $8,689,283.00 $9,209,283.00 $561,246.33 $0.00 $4,212,043.36 $4,997,239.64 46% EXPENSE Dept 13 - City Mgr Prog 590 - PPFD Admin 53 53.3210 Forms Stationary Bus Cards .00 100.00 100.00 .00 .00 .00 100.00 0 53 - Totals $0.00 $100.00 $100.00 $0.00 $0.00 $0.00 $100.00 0% 54 54.4510 Dues Subscription Memberships .00 500.00 500.00 .00 .00 .00 500.00 0 54.4512 Train Registration Tuition .00 1,000.00 1,000.00 .00 .00 900.00 100.00 90 54.4514 Lodging Meals Miles Airfare .00 .00 .00 1,004.02 .00 5,236.04 (5,236.04)+++ 54.4524 Advertising 500.00 .00 500.00 .00 .00 .00 500.00 0 54.4530 Legal Combined Services 1,200.00 10,800.00 12,000.00 1,469.50 .00 10,200.50 1,799.50 85 54.4540 Organizational Services 500,000.00 454,000.00 954,000.00 92,467.84 .00 667,219.46 286,780.54 70 54.4541 Professional Services 5,000.00 1,045,000.00 1,050,000.00 298,510.19 .00 1,029,494.35 20,505.65 98 54.4544 Miscellaneous Services .00 .00 .00 .00 .00 189,979.75 (189,979.75)+++ 54.4635 Insurance Premiums 3,150.00 450.00 3,600.00 .00 .00 3,541.85 58.15 98 54.4900 I/F Admin Services 12,000.00 (12,000.00).00 .00 .00 .00 .00 +++ 54 - Totals $521,850.00 $1,499,750.00 $2,021,600.00 $393,451.55 $0.00 $1,906,571.95 $115,028.05 94% 56 56.6110 Land & Land Improvements .00 3,000,000.00 3,000,000.00 .00 .00 101,079.47 2,898,920.53 3 Run by Veronica Perez on 11/13/2024 11:03:00 AM Page 1 of 2 Budget Performance Report Date Range 01/01/24 - 10/31/24 Include Rollup Account and Rollup to Base Pa g e 1 1 o f 5 1 Adopted Budget Amended Current Month YTD YTD Budget - YTD % Used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Fund 931 - Pasco Public Facility District EXPENSE Dept 13 - City Mgr Prog 590 - PPFD Admin 56 - Totals $0.00 $3,000,000.00 $3,000,000.00 $0.00 $0.00 $101,079.47 $2,898,920.53 3% Prog 590 - PPFD Admin Totals $521,850.00 $4,499,850.00 $5,021,700.00 $393,451.55 $0.00 $2,007,651.42 $3,014,048.58 40% Dept 13 - City Mgr Totals $521,850.00 $4,499,850.00 $5,021,700.00 $393,451.55 $0.00 $2,007,651.42 $3,014,048.58 40% Dept 90 - Finance Prog 690 - Capital Culture & Recreation 56 56.6540 Land .00 .00 .00 .00 .00 4,525,300.94 (4,525,300.94)+++ 56.6562 Const Contract (Primary).00 .00 .00 825.00 .00 13,393.34 (13,393.34)+++ 56.6576 Const Other Prof Services .00 .00 .00 .00 .00 11,846.00 (11,846.00)+++ 56 - Totals $0.00 $0.00 $0.00 $825.00 $0.00 $4,550,540.28 ($4,550,540.28)+++ Prog 690 - Capital Culture & Recreation Totals $0.00 $0.00 $0.00 $825.00 $0.00 $4,550,540.28 ($4,550,540.28)+++ Dept 90 - Finance Totals $0.00 $0.00 $0.00 $825.00 $0.00 $4,550,540.28 ($4,550,540.28)+++ Dept 98 - Budgeted Fund Balance Prog 000 - None 59 59.9999 Budget Est End Fund Balance (Unassigned).00 4,187,583.00 4,187,583.00 .00 .00 .00 4,187,583.00 0 59 - Totals $0.00 $4,187,583.00 $4,187,583.00 $0.00 $0.00 $0.00 $4,187,583.00 0% Prog 000 - None Totals $0.00 $4,187,583.00 $4,187,583.00 $0.00 $0.00 $0.00 $4,187,583.00 0% Dept 98 - Budgeted Fund Balance Totals $0.00 $4,187,583.00 $4,187,583.00 $0.00 $0.00 $0.00 $4,187,583.00 0% EXPENSE TOTALS $521,850.00 $8,687,433.00 $9,209,283.00 $394,276.55 $0.00 $6,558,191.70 $2,651,091.30 71% Fund 931 - Pasco Public Facility District Totals REVENUE TOTALS 520,000.00 8,689,283.00 9,209,283.00 561,246.33 .00 4,212,043.36 4,997,239.64 46% EXPENSE TOTALS 521,850.00 8,687,433.00 9,209,283.00 394,276.55 .00 6,558,191.70 2,651,091.30 71% Fund 931 - Pasco Public Facility District Totals ($1,850.00)$1,850.00 $0.00 $166,969.78 $0.00 ($2,346,148.34)$2,346,148.34 Grand Totals REVENUE TOTALS 520,000.00 8,689,283.00 9,209,283.00 561,246.33 .00 4,212,043.36 4,997,239.64 46% EXPENSE TOTALS 521,850.00 8,687,433.00 9,209,283.00 394,276.55 .00 6,558,191.70 2,651,091.30 71% Grand Totals ($1,850.00)$1,850.00 $0.00 $166,969.78 $0.00 ($2,346,148.34)$2,346,148.34 Run by Veronica Perez on 11/13/2024 11:03:00 AM Page 2 of 2 Budget Performance Report Date Range 01/01/24 - 10/31/24 Include Rollup Account and Rollup to Base Pa g e 1 2 o f 5 1 Row Labels Sum of Accumulation Amount Accommodation and Food Services 32,242.34$ Administrative and Support and Waste Management and Remediation Services 12,221.46$ Agriculture, Forestry, Fishing and Hunting 376.45$ Arts, Entertainment, and Recreation 2,403.23$ Construction 141,953.93$ Educational Services 408.78$ Finance and Insurance 2,001.24$ Health Care and Social Assistance 533.26$ Information 7,997.00$ Management of Companies and Enterprises 6.73$ Manufacturing 7,924.36$ Mining 119.06$ Other Services (except Public Administration)10,569.21$ Professional, Scientific, and Technical Services 4,510.41$ Public Administration 9,217.16$ Real Estate Rental and Leasing 13,642.87$ Retail Trade 196,016.72$ Transportation and Warehousing 9,867.64$ Utilities 304.02$ Wholesale Trade 26,484.50$ Grand Total 478,800.37$ Accumulation 478,800.37$ Pool 983.29$ Admin Fee (4,797.84)$ Distribution 474,985.82$ October 2024 Pasco Public Facilities District $32,242.34 $12,221.46 $376.45 $2,403.23 $141,953.93 $408.78 $2,001.24 $533.26 $7,997.00 $6.73 $7,924.36 $119.06 $10,569.21 $4,510.41 $9,217.16 $13,642.87 $196,016.72 $9,867.64 $304.02 $26,484.50 Total Accommodation and Food Services Administrative and Support and Waste Management and Remediation ServicesAgriculture, Forestry, Fishing and Hunting Arts, Entertainment, and Recreation Construction Educational Services Finance and Insurance Health Care and Social Assistance Information Management of Companies and Enterprises Manufacturing Mining Other Services (except Public Administration) Professional, Scientific, and Technical Services Public Administration Real Estate Rental and Leasing Retail Trade Category NameSum of Accumulation Amount Page 13 of 51 Resolution – Authorizing Use of LGIP - 1 RESOLUTION NO. 2024-15 A RESOLUTION OF THE PASCO PUBLIC FACILITIES DISTRICT BOARD, AUTHORIZING INVESTMENT OF PASCO PUBLIC FACILITIES DISTRICT MONIES IN THE LOCAL GOVERNMENT INVESTMENT POOL. WHEREAS, the Pasco Public Facilities District (PPFD) was duly formed pursuant to Chapter 35.57 of the Revised Code of Washington on July 15, 2002, by the adoption of City of Pasco Ordinance No. 3558, and granted all powers provided by law pursuant to RCW 35.57.010; and WHEREAS, pursuant to Chapter 294, Laws of 1986, the Legislature created a trust fund to be known as the public funds investment account (commonly referred to as the Local Government Investment Pool (LGIP)) for the contribution and withdrawal of money by an authorized governmental entity for purposes of investment by the Office of the State Treasurer; and WHEREAS, from time to time it may be advantageous to the authorized governmental entity, the Pasco Public Facilities District, to contribute funds available for investment in the LGIP; and WHEREAS, the investment strategy for the LGIP is set forth in its policies and procedures; and WHEREAS, any contributions or withdrawals to or from the LGIP made on behalf of the governmental entity shall be first duly authorized by the Pasco Public Facilities District Board, the “governing body” or any designee of the governing body pursuant to this resolution, or a subsequent resolution; and WHEREAS, the governmental entity will cause to be filed a certified copy of said resolution with the Office of the State Treasurer; and WHEREAS, the governing body and any designee appointed by the governing body with authority to contribute or withdraw funds of the governmental entity has received and read a copy of the prospectus and understands the risks and limitations of investing in the LGIP; and WHEREAS, the governing body attests by the signature of its members that it is duly authorized and empowered to enter into this agreement, to direct the contribution or withdrawal of governmental entity monies, and to delegate certain authority to make adjustments to the incorporated transactional forms, to the individuals designated herein. Page 14 of 51 Resolution – Authorizing Use of LGIP - 2 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PASCO PUBLIC FACILITIES DISTRICT as follows: Section 1. The Pasco Public Facilities District Board of Directors authorize the contribution and withdrawal of governmental entity monies in the LGIP in the manner prescribed by law, rule, and prospectus, attached hereto as Exhibit A. Section 2. The Pasco Public Facilities District Board of Directors has approved the Local Government Investment Pool Authorization Form (Form) as completed by Pasco Public Facilities District and incorporates said form into this resolution by reference and does hereby attest to its accuracy. Section 3. The Pasco Public Facilities District Board of Directors designates the Fiscal Agent (The City of Pasco) representatives Director of Finance, Finance Manager, and Lead Accountant (titles), as the “authorized individual(s)” to authorize all amendments, changes, or alterations to the Form or any other documentation including the designation of other individuals to make contributions and withdrawals on behalf of the governmental entity. Section 4. That the Form as incorporated into this resolution or hereafter amended by delegated authority, or any other documentation signed or otherwise approved by the authorized individual shall remain in effect after revocation of the authorized individual’s delegated authority, except to the extent that the authorized individual whose delegation has been terminated shall not be permitted to make further withdrawals or contributions to the LGIP on behalf of the governmental entity. No amendments, changes, or alterations shall be made to the Form or any other documentation until the entity passes a new resolution naming a new authorized individual Section 5. The Pasco Public Facilities District Board acknowledges that it has received, read, and understood the prospectus as provided by the Office of the State Treasurer. In addition, the governing body agrees that a copy of the prospectus will be provided to any person delegated or otherwise authorized to make contributions or withdrawals into or out of the LGIP and that said individuals will be required to read the prospectus prior to making any withdrawals or contributions or any further withdrawals or contributions if authorizations are already in place. Section 6. That this Resolution shall take effect immediately. Page 15 of 51 Resolution – Authorizing Use of LGIP - 3 PASSED by the Pasco Public Facilities District Board of Directors, of Pasco, Washington, this _____ day of November, 2024. PASCO PUBLIC FACILITIES DISTRICT __________________________________ Mark Morrissette, Board President ATTEST: APPROVED AS TO FORM: _____________________________ ___________________________ Caroline Bowdish, Secretary/Treasurer Kerr Ferguson Law, PLLC Pasco Public Facilities District Attorney for PPFD Page 16 of 51 PROSPECTUS LOCAL GOVERNMENT INVESTMENT POOL OFFICE OF THE WASHINGTON STATE TREASURER JANUARY 2019 MIKE PELLICCIOTTI WASHINGTON STATE TREASURER Page 17 of 51 2 | Page Contents I. The LGIP 3-4 II. Local Government Investment Pool – Money Market Fund 4-9 III. Management 10 IV. Miscellaneous 10 Page 18 of 51 3 | Page I. The LGIP The Local Government Investment Pool (the “LGIP”) is an investment pool of public funds placed in the custody of the Office of the Washington State Treasurer (the “State Treasurer”) for investment and reinvestment as defined by RCW 43.250.020. The purpose of the LGIP is to allow eligible governmental entities to participate with the state in the investment of surplus public funds, in a manner that optimizes liquidity and return on such funds. In establishing the LGIP, the legislature recognized that not all eligible governmental entities are able to maximize the return on their temporary surplus funds, and therefore it provided a mechanism whereby they may, at their option, utilize the resources of the State Treasurer to maximize the potential of their surplus funds while ensuring the liquidity of those funds. The State Treasurer has established a sub-pool within the LGIP whose shares are offered by means of this Prospectus: The LGIP-Money Market Fund (the “LGIP-MMF” or the “Fund”). The State Treasurer has the authority to establish additional sub-pools in the future. The Fund offered in this Prospectus seeks to provide current income by investing in high-quality, short term money market instruments. These standards are specific to the Fund, as illustrated in the following table. The LGIP-MMF offers daily contributions and withdrawals. FUND SNAPSHOT The table below provides a summary comparison of the Fund’s investment types and sensitivity to interest rate risk. This current snapshot can be expected to vary over time. Fund Investment Types Maximum Dollar- Weighted Average Maturity for LGIP-MMF LGIP-Money Market Fund Current Investments (as of January 1, 2019) Cash Bank Deposits US Treasury bills US Government Agency Supranational Securities Floating / Variable Rate Notes Repurchase agreements 60 days Fees and Expenses Administrative Fee. The State Treasurer charges pool participants a fee representing administration and recovery costs associated with the operation of the Fund. The administrative fee accrues daily from pool participants’ earnings prior to the earnings being posted to their account. The administrative fee will be paid monthly. In the event that there are no earnings, the administrative fee will be deducted from principal. The chart below illustrates the operating expenses of the LGIP-MMF for past years, expressed in basis points as a percentage of fund assets. Page 19 of 51 4 | Page Local Government Investment Pool-MMF Operating Expenses by Fiscal Year (in Basis Points) 2011 2012 2013 2014 2015 2016 2017 2018 Total Operating Expenses 0.81 0.68 0.87 0.88 0.95 0.89 0.71 0.76 (1 basis point = 0.01%) Because most of the expenses of the LGIP-MMF are fixed costs, the fee (expressed as a percentage of fund assets) will be affected by: (i) the amount of operating expenses; and (ii) the assets of the LGIP-MMF. The table below shows how the fee (expressed as a percentage of fund assets) would change as the fund assets change, assuming an annual fund operating expenses amount of $1,100,000. Fund Assets $12.0 bn $14.0 bn $16.0 bn Total Operating Expenses (in Basis Points) 0.92 0.79 0.69 Portfolio Turnover: The Fund does not pay a commission or fee when it buys or sells securities (or “turns over” its portfolio). However, debt securities often trade with a bid/ask spread. Consequently, a higher portfolio turnover rate may generate higher transaction costs that could affect the Fund’s performance. II. Local Government Investment Pool – Money Market Fund Investment Objective The LGIP-MMF will seek to effectively maximize yield while maintaining liquidity and a stable net asset value per share, e.g., all contributions will be transacted at $1.00 net asset value per share. Principal Investment Strategies The LGIP-MMF will seek to invest primarily in high-quality, short term money market instruments. Typically, at least 55% of the Fund’s assets will be invested in US government securities and repurchase agreements collateralized by those securities. The LGIP-MMF means a sub-pool of the LGIP whose investments will primarily be money market instruments. The LGIP-MMF will only invest in eligible investments permitted by state law. The LGIP portfolio will be managed to meet the portfolio maturity, quality, diversification and liquidity requirements set forth in GASB 79 for external investment pools who wish to measure, for financial reporting purposes, all of their investments at amortized cost. Investments of the LGIP-MMF will conform to the LGIP Investment Policy, the most recent version of which will be posted on the LGIP website and will be available upon request. Principal Risks of Investing in the LGIP-Money Market Fund Counterparty Credit Risk. A party to a transaction involving the Fund may fail to meet its obligations. This could cause the Fund to lose the benefit of the transaction or prevent the Fund from selling or buying other securities to implement its investment strategies. Interest Rate Risk. The LGIP-MMF’s income may decline when interest rates fall. Because the Fund’s income is based on short-term interest rates, which can fluctuate significantly over short periods, income risk is expected to be high. In addition, interest rate increases can cause the price of a debt security to decrease and even lead to a loss of principal. Page 20 of 51 5 | Page Liquidity Risk. Liquidity risk is the risk that the Fund will experience significant net withdrawals of Fund shares at a time when it cannot find willing buyers for its portfolio securities or can only sell its portfolio securities at a material loss. Management Risk. Poor security selection or an ineffective investment strategy could cause the LGIP-MMF to underperform relevant benchmarks or other funds with a similar investment objective. Issuer Risk. The LGIP-MMF is subject to the risk that debt issuers and other counterparties may not honor their obligations. Changes in an issuer’s credit rating (e.g., a rating downgrade) or the market’s perception of an issuer’s creditworthiness could also affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on both the financial condition of the issuer and the terms of the obligation. Also, a decline in the credit quality of an issuer can cause the price of a money market security to decrease. Securities Lending Risk and Reverse Repurchase Agreement Risk. The LGIP-MMF may engage in securities lending or in reverse repurchase agreements. Securities lending and reverse repurchase agreements involve the risk that the Fund may lose money because the borrower of the Fund’s securities fails to return the securities in a timely manner or at all or the Fund’s lending agent defaults on its obligations to indemnify the Fund, or such obligations prove unenforceable. The Fund could also lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. Risks Associated with use of Amortized Cost. The use of amortized cost valuation means that the LGIP-MMF’s share price may vary from its market value NAV per share. In the unlikely event that the State Treasurer were to determine that the extent of the deviation between the Fund’s amortized cost per share and its market-based NAV per share may result in material dilution or other unfair results to shareholders, the State Treasurer may cause the Fund to take such action as it deems appropriate to eliminate or reduce to the extent practicable such dilution or unfair results. An investment in the LGIP-MMF is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of investments at $1 per share, pool participants could lose money by investing in the LGIP-MMF. There is no assurance that the LGIP-MMF will achieve its investment objective. Performance The following information is intended to address the risks of investing in the LGIP-MMF. The information illustrates changes in the performance of the LGIP-MMF’s shares from year to year. Returns are based on past results and are not an indication of future performance. Updated performance information may be obtained on our website at www.tre.wa.gov or by calling the LGIP toll-free at 800-331-3284. Page 21 of 51 6 | Page Local Government Investment Pool-Money Market Fund Average Accrued Net Yield 1 Year 3 years 5 years 10 years 1.40% 0.78% 0.51% .51% Transactions: LGIP-MMF General Information The minimum transaction size (contributions or withdrawals) for the LGIP-MMF will be five thousand dollars. The State Treasurer may, in its sole discretion, allow for transactions of less than five thousand dollars. Valuing Shares The LGIP-MMF will be operated using a net asset value (NAV) calculation based on the amortized cost of all securities held such that the securities will be valued at their acquisition cost, plus accrued income, amortized daily. The Fund’s NAV will be the value of a single share. NAV will normally be calculated as of the close of business of the NYSE, usually 4:00 p.m. Eastern time. If the NYSE is closed on a particular day, the Fund will be priced on the next day the NYSE is open. 1.62% 0.36% 0.23%0.14%0.17%0.11%0.12% 0.31% 0.63% 1.40% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% 1.80% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Fiscal Year-by-Year Returns: Net Yield Local Government Investment Pool Page 22 of 51 7 | Page NAV will not be calculated and the Fund will not process contributions and withdrawals submitted on days when the Fund is not open for business. The time at which shares are priced and until which contributions and withdrawals are accepted is specified below and may be changed as permitted by the State Treasurer. To the extent that the LGIP-MMF’s assets are traded in other markets on days when the Fund is not open for business, the value of the Fund’s assets may be affected on those days. In addition, trading in some of the Fund’s assets may not occur on days when the Fund is open for business. Transaction Limitations The State Treasurer reserves the right at its sole discretion to set a minimum and/or maximum transaction amount from the LGIP-MMF and to limit the number of transactions, whether contribution, withdrawal, or transfer permitted in a day or any other given period of time. The State Treasurer also reserves the right at its sole discretion to reject any proposed contribution, and in particular to reject any proposed contribution made by a pool participant engaged in behavior deemed by the State Treasurer to be abusive of the LGIP-MMF. A pool participant may transfer funds from one LGIP-MMF account to another subject to the same time and contribution limits as set forth in WAC 210.10.060. Contributions deposited by ACH will be unavailable for withdrawal for a period of five business days following receipt of funds Contributions Pool participants may make contributions to the LGIP-MMF on any business day. All contributions will be effected by electronic funds to the account of the LGIP-MMF designated by the State Treasurer. It is the responsibility of each pool participant to pay any bank charges associated with such electronic transfers. Failure to submit funds by a pool participant after notification to the State Treasurer of an intended transfer will result in penalties. Penalties for failure to timely submit will be assessed to the account of the pool participant responsible. Notice of Wire contribution. To ensure same day credit, a pool participant must inform the State Treasurer of any contribution over one million dollars no later than 9 a.m. on the same day the contribution is made. Contributions for one million dollars or less can be requested at any time prior to 10 a.m. on the day of contribution. For all other contributions over one million dollars that are requested prior to 10 a.m., a pool participant may receive same day credit at the sole discretion of the State Treasurer. Contributions that receive same day credit will count, for earnings rate purposes, as of the day in which the contribution was made. Contributions for which no notice is received prior to 10:00 a.m. will be credited as of the following business day. Notice of ACH contribution. A pool participant must inform the State Treasurer of any contribution submitted through ACH no later than 2:00 p.m. on the business day before the contribution is made. Contributions that receive same day credit will count, for earnings rate purposes, as of the day in which the contribution was made. Contributions for which proper notice is not received as described above will not receive same day credit, but will be credited as of the next business day from when the contribution is made. Contributions deposited by ACH will be unavailable for withdrawal for a period of five business days following receipt of funds. Notice of contributions may be given by calling the Local Government Investment Pool (800-331-3284) OR by logging on to State Treasurer’s Treasury Management System (“TMS”). Please refer to the LGIP-MMF Operations Manual for specific instructions regarding contributions to the LGIP-MMF. Direct deposits from the State of Washington will be credited on the same business day. Page 23 of 51 8 | Page Pricing. Contribution requests received in good order will receive the NAV per unit of the LGIP-MMF next determined after the order is accepted by the State Treasurer on that contribution date. Withdrawals Pool participants may withdraw funds from the LGIP-MMF on any business day. Each pool participant shall file with the State Treasurer a letter designating the financial institution at which funds withdrawn from the LGIP-MMF shall be deposited (the “Letter”). This Letter shall contain the name of the financial institution, the location of the financial institution, the account name, and the account number to which funds will be deposited. This Letter shall be signed by local officials authorized to receive and disburse funds, as described in WAC 210-10-020. Disbursements from the LGIP-MMF will be effected by electronic funds transfer. Failure by the State Treasurer to transmit funds to a pool participant after proper notification to the State Treasurer to disburse funds to a pool participant may result in a bank overdraft in the pool participant's bank account. The State Treasurer will reimburse a pool participant for such bank overdraft penalties charged to the pool participant's bank account. Notice of Wire withdrawal. In order to withdraw funds from the LGIP-MMF, a pool participant must notify the State Treasurer of any withdrawal over one million dollars no later than 9 a.m. on the same day the withdrawal is made. Withdrawals for one million dollars or less can be requested at any time prior to 10 a.m. on the day of withdrawal. For all other withdrawals from the LGIP-MMF over one million dollars that are requested prior to 10 a.m., a pool participant may receive such withdrawal on the same day it is requested at the sole discretion of the State Treasurer. No earnings will be credited on the date of withdrawal for the amounts withdrawn. Notice of withdrawals may be given by calling the Local Government Investment Pool (800-331-3284) OR by logging on to TMS. Please refer to the LGIP-MMF Operations Manual for specific instructions regarding withdrawals from the Fund. Notice of ACH withdrawal. In order to withdraw funds from the LGIP-MMF, a pool participant must notify the State Treasurer of any withdrawal by ACH no later than 2 p.m. on the prior business day the withdrawal is requested. No earnings will be credited on the date of withdrawal for the amounts withdrawn. Notice of withdrawals may be given by calling the Local Government Investment Pool (800-331-3284) OR by logging on to TMS. Please refer to the LGIP-MMF Operations Manual for specific instructions regarding withdrawals from the Fund. Pricing. Withdrawal requests with respect to the LGIP-MMF received in good order will receive the NAV per unit of the LGIP-MMF next determined after the order is accepted by the State Treasurer on that withdrawal date. Suspension of Withdrawals. If the State Treasurer has determined that the deviation between the Fund’s amortized cost price per share and the current net asset value per share calculated using available market quotations (or an appropriate substitute that reflects current market conditions) may result in material dilution or other unfair results, the State Treasurer may, if it has determined irrevocably to liquidate the Fund, suspend withdrawals and payments of withdrawal proceeds in order to facilitate the permanent termination of the Fund in an orderly manner. The State Treasurer will distribute proceeds in liquidation as soon as practicable, subject to the possibility that certain assets may be illiquid, and subject to subsequent distribution, and the possibility that the State Treasurer may need to hold back a reserve to pay expenses. The State Treasurer also may suspend redemptions if the New York Stock Exchange suspends trading or closes, if US bond markets are closed, or if the Securities and Exchange Commission declares an emergency. If any of these events were to occur, it would likely result in a delay in the pool participants’ redemption proceeds. Page 24 of 51 9 | Page The State Treasurer will notify pool participants within five business days of making a determination to suspend withdrawals and/or irrevocably liquidate the fund and the reason for such action. Earnings and Distribution LGIP-MMF Daily Factor The LGIP-MMF daily factor is a net earnings figure that is calculated daily using the investment income earned (excluding realized gains or losses) each day, assuming daily amortization and/or accretion of income of all fixed income securities held by the Fund, less the administrative fee. The daily factor is reported on an annualized 7-day basis, using the daily factors from the previous 7 calendar days. The reporting of a 7-day annualized yield based solely on investment income which excludes realized gains or losses is an industry standard practice that allows for the fair comparison of funds that seek to maintain a constant NAV of $1.00. LGIP-MMF Actual Yield Factor The LGIP-MMF actual yield factor is a net daily earnings figure that is calculated using the total net earnings including realized gains and losses occurring each day, less the administrative fee. Dividends The LGIP-MMF’s dividends include any net realized capital gains or losses, as well as any other capital changes other than investment income, and are declared daily and distributed monthly. Distribution The total net earnings of the LGIP-MMF will be declared daily and paid monthly to each pool participant’s account in which the income was earned on a per-share basis. These funds will remain in the pool and earn additional interest unless withdrawn and sent to the pool participant’s designated bank account as specified on the Authorization Form. Interest earned will be distributed monthly on the first business day of the following month. Monthly Statements and Reporting On the first business day of every calendar month, each pool participant will be sent a monthly statement which includes the pool participant’s beginning balance, contributions, withdrawals, transfers, administrative charges, earnings rate, earnings, and ending balance for the preceding calendar month. Also included with the statement will be the monthly enclosure. This report will contain information regarding the maturity structure of the portfolio and balances broken down by security type. Page 25 of 51 10 | Page III. Management The State Treasurer is the manager of the LGIP-MMF and has overall responsibility for the general management and administration of the Fund. The State Treasurer has the authority to offer additional sub-pools within the LGIP at such times as the State Treasurer deems appropriate in its sole discretion. Administrator and Transfer Agent. The State Treasurer will serve as the administrator and transfer agent for the Fund. Custodian. A custodian for the Fund will be appointed in accordance with the terms of the LGIP Investment Policy. IV. Miscellaneous Limitation of Liability All persons extending credit to, contracting with or having any claim against the Fund offered in this Prospectus shall look only to the assets of the Fund that such person extended credit to, contracted with or has a claim against, and none of (i) the State Treasurer, (ii) any subsequent sub-pool, (iii) any pool participant, (iv) the LGIP, or (v) the State Treasurer’s officers, employees or agents (whether past, present or future), shall be liable therefor. The determination of the State Treasurer that assets, debts, liabilities, obligations, or expenses are allocable to the Fund shall be binding on all pool participants and on any person extending credit to or contracting with or having any claim against the LGIP or the Fund offered in this Prospectus. There is a remote risk that a court may not enforce these limitation of liability provisions. Amendments This Prospectus and the attached Investment Policy may be amended from time to time. Pool participants shall receive notice of changes to the Prospectus and the Investment Policy. The amended and restated documents will be posted on the State Treasurer website: www.tre.wa.gov. Should the State Treasurer deem appropriate to offer additional sub-pools within the LGIP, said sub-pools will be offered by means of an amendment to this prospectus. LGIP-MMF Contact Information Internet: www.tre.wa.gov Treasury Management System/TMS Phone: 1-800-331-3284 (within Washington State) Mail: Office of the State Treasurer Local Government Investment Pool PO Box 40200 Olympia, Washington 98504 FAX: 360-902-9044 Page 26 of 51 PPFD Aquatics Facility Design and Development Update – Attachments are linked below: PPFD Design Development Report November 2024 PPFD Pasco Aquatics Facility Drawings Vol. 1 PPFD Pasco Aquatics Facility Drawings Vol. 2 Page 27 of 51 Resolution No. 2024-18 – Branding and Marketing Services - 1 RESOLUTION NO. 2024-18 A RESOLUTION OF THE PASCO PUBLIC FACILITIES DISTRICT BOARD APPROVING THE POSTING OF BRANDING AND MARKETING SERVICES REQUEST FOR PROPOSAL, REVIEW AND SELECTION BY THE SELECTION TEAM, AND FURTHER AUTHORIZE THE PPFD EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE THE CONTRACT DOCUMENTS. WHEREAS, the Pasco Public Facilities District (PPFD) was duly formed pursuant to Chapter 35.57 of the Revised Code of Washington on July 15, 2002, by the adoption of City of Pasco Ordinance No. 3558, and granted all powers provided by law pursuant to RCW 35.57.010; and WHEREAS, the PPFD Board approved Resolution No. 2023-01, creating the process for the procurement of Service Provider Agreements in accordance with RCW 35.57.070 and based on the procedures finds that it is appropriate to solicit for requests for qualifications for Branding and Marketing services. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PASCO PUBLIC FACILITIES DISTRICT as follows: Section 1. That the Pasco Public Facilities District Board of Directors does hereby approve the solicitation of Branding and Marketing services request for proposal, in substantially the same form and attached hereto as Exhibit A. Section 2. That the Pasco Public Facilities District Board of Directors does hereby approve that the PPFD Executive Director will publish notice, prepare criteria, receive and evaluate proposals for conformity with submission requirements, and assuming selection of a preferred service provider by the Selection Team, negotiate with respondent(s) under the requirements of the Service Provider Agreements process established by Resolution No. 2023-01; sign and execute a Professional Services Agreement with the preferred service provider on behalf of the PPFD Board; to make minor substantive changes as necessary to execute the Agreement; and to report back to the PPFD Board progress and success of executing the agreement. Section 3. That this Resolution shall take effect immediately. Page 28 of 51 Resolution No. 2024-18 – Branding and Marketing Services - 2 PASSED by the Pasco Public Facilities District Board of Directors, of Pasco, Washington, this 19th day of November, 2024. PASCO PUBLIC FACILITIES DISTRICT __________________________________ Mark Morrissette, Board President ATTEST: APPROVED AS TO FORM: ___________________________________ ___________________________ Caroline Bowdish, Secretary/Treasurer Kerr Ferguson Law, PLLC Pasco Public Facilities District Attorney for PPFD Page 29 of 51 Resolution 2024-16 – Direct Executive Director to Finalize and Sign Progressive Design Build Contract Amendment No. 2 for Design & Construction Phase- 1 RESOLUTION NO. 2024-16 A RESOLUTION OF THE PASCO PUBLIC FACILITIES DISTRICT BOARD, DIRECTING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND SIGN THE AMENDMENT NO. 2 TO THE PROGRESSIVE DESIGN-BUILD CONTRACT WITH BOUTEN CONSTRUCTION COMPANY/NAC. WHEREAS, the Pasco Public Facilities District (PPFD) was duly formed pursuant to Chapter 35.57 of the Revised Code of Washington on July 15, 2002, by the adoption of City of Pasco Ordinance No. 3558, and granted all powers provided by law pursuant to RCW 35.57.010; and WHEREAS, pursuant to RCW 35.57.070, the PPFD may secure services by means of an agreement with a service provider. The PPFD shall publish notice, establish criteria, receive and evaluate proposals, and negotiate with respondents under requirements set forth by District Resolution; and WHEREAS, the PPFD adopted Resolution 2023-15 on December 13, 2023, approving the agreement with Bouten Construction Company/NAC to perform design—build services for the Pasco Aquatics Facility Project; and WHEREAS, the PPFD adopted Resolution 2024-06 on July 23, 2024, accepting the Pasco Aquatics Facility Validation Report; and WHEREAS, the PPFD adopted Resolution 2024-07 on July 23, 2024, directing the Executive Director to Negotiate and Sign the Amendment No. 1 of the Progressive Design-Build Contract with Bouten Construction Company/NAC. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PASCO PUBLIC FACILITIES DISTRICT as follows: Section 1. That the PPFD Executive Director for the Pasco Public Facilities District (PPFD), is hereby authorized, empowered, and directed to negotiate and sign the Amendment No. 2 to the progressive design-build contract with Bouten Construction Company/NAC, based on a copy of 2023 Bouten Construction Co for Owner & Design-Builder Agreement, which is attached hereto and incorporated herein by reference as Exhibit A, in an amount not to exceed $______; and to make minor substantive changes as necessary to execute the Amendment. Section 2. That this Amendment No. 2 will authorize the progressive design-builder to proceed with design and construction Phase 1 services, in keeping with the validation report and the contract. Section 3. That this Resolution shall take effect immediately. Page 30 of 51 Resolution 2024-16 – Direct Executive Director to Finalize and Sign Progressive Design Build Contract Amendment No. 2 for Design & Construction Phase- 2 PASSED by the Pasco Public Facilities District Board of Directors, of Pasco, Washington, this 19th day of November, 2024. PASCO PUBLIC FACILITIES DISTRICT __________________________________ Mark Morrissette, Board President ATTEST: APPROVED AS TO FORM: __________________________________ ___________________________ Caroline Bowdish, Secretary/Treasurer Kerr Ferguson Law, PLLC Pasco Public Facilities District Attorneys for PPFD Page 31 of 51 Exhibit A: Phase 1 Level of Effort, Scope of Work and Schedule Exhibit B: Target Schedule with Design Submittal Packages Exhibit C: Validated GMP/Schedule of Values Exhibit H: Subcontract and Small/Disadvantaged Business Plan 3,262,554 February 11, 2025 Level of Effort Exhibit H: Subcontract Plan Exhibit I: Inclusion Plan for Disadvantaged and Small Businesses Exhibit J: Design Quality Management Plan ͒͘Ϡ͖͓͒Ϡ͖͖͕ϙϙϙϙ Page 32 of 51 Bouten Construction Company Page 33 of 51 -8/< $8* 6(3 2&7 129 '(& -$1 )(% 3KDVH'HVLJQ3UHFRQVWUXFWLRQ3KDVH 3KDVHGHVLJQ SUHFRQVWUXFWLRQNLFNRII 7HDPYDOLGDWLRQGHEULHIOHVVRQVOHDUQHGUHDOLJQPHQW 2ZQHUSURJUDPPLQJUHYLHZ 8VHUJURXSGHVLJQPHHWLQJV 3RVWYDOLGDWLRQ79'EXGJHWXSGDWH )LQLVKHVFDVHZRUNGRRUVDQGKDUGZDUHDPRXQWVORFDWLRQVDQGW\SHV /LJKWLQJORFDWLRQVDQGW\SHV 3OXPELQJ0HFKDQLFDODQG(OHFWULFDOIL[WXUHVDQGORFDWLRQV 3OXPELQJ0HFKDQLFDODQG(OHFWULFDOV\VWHPVGHVLJQ]RQLQJHWF .LWFKHQHTXLSPHQW IXQFWLRQ (TXLSPHQW&RRUGLQDWLRQ $FFHVV&RQWURO±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ƌĞĐŽŶƐƚƌƵĐƚŝŽŶͬĚĞƐŝŐŶĂĐƚŝǀŝƚŝĞƐƐŚŽǁŶŝŶďůƵĞ WƌŽĐƵƌĞŵĞŶƚͬďƵĚŐĞƚĂĐƚŝǀŝƚŝĞƐƐŚŽǁŶŝŶŐŽůĚ ĚĚŝƚŝŽŶĂůĚĞƐŝŐŶĐŽŶƐƵůƚĂŶƚƐĂŶĚŽƌƚƌĂĚĞƉĂƌƚŶĞƌƐƵƉƉŽƌƚƌĞƋƵŝƌĞĚĨŽƌǀĂůŝĚĂƚŝŽŶǁŝůůďĞĚĞƚĞƌŵŝŶĞĚƵƉŽŶEdW͘ŽƐƚƐĂƌĞĞƐƚŝŵĂƚĞĚĨŽƌƚŚĞƐĞĐŽŶƐƵůƚĂŶƚƐŽƌƚƌĂĚĞƉĂƌƚŶĞƌƐ WŚĂƐĞϭĞƐŝŐŶĂŶĚWƌĞĐŽŶƐƚƌƵĐƚŝŽŶĐŽƐƚƐƐƚĂƌƚŵŝĚͲƵŐƵƐƚϮϬϮϰ ŽŶƐƚƌƵĐƚŝŽŶƉĞƌƐŽŶŶĞů;WD͕^ƵƉƚ͕W͕YͿĂƌĞĐŽǀĞƌĞĚƵŶƚŝůƚŚĞŝŶŝƚŝĂů'DWŝƐƐŝŐŶĞĚŽŶůǇ;ŵŝĚĞĐͿ͘ƐƚŝŵĂƚŝŶŐƚŝŵĞŝƐĐŽǀĞƌĞĚƵŶƚŝůƚŚĞ&ŝŶĂů'DW;ŵŝĚ&ĞďͿ ^ĂůĞƐƚĂǆŝƐĞǆĐůƵĚĞĚĨƌŽŵƚŚĞĐŽŶƚƌĂĐƚǀĂůƵĞĂŶĚƐŚŽǁŶĨŽƌƌĞĨĞƌĞŶĐĞŽŶůǇ ^ĞĞĨĞĞƐĐŚĞĚƵůĞĂƚƚĂĐŚĞĚĨŽƌŝŶĐůƵƐŝŽŶƐ ŽŶƚŝŶŐĞŶĐǇĨŽƌĚĞƐŝŐŶĂŶĚĐŽŶƐƵůƚĂŶƚƐŝŶWŚĂƐĞϭ 3DVFR3XEOLF)DFLOLWLHV'LVWULFW_3DVFR$TXDWLF&HQWHU 3DVFR:DVKLQJWRQ 1RYHPEHU +5+56 3+$6('(6,*1$1'35(&216758&7,213/$1$&7,9,7,(6 .(<3(56211(/ 1RWHV 3KDVH'HVLJQDQG3UHFRQVWUXFWLRQ&2IRU%HWWHUPHQWV_/HYHORI(IIRUW ',5(&7&2676(;3(16(6 $&7,9,7< ,7(0 727$/ /ŶƐƵƌĂŶĐĞ;ϭ͘ϬйͿ W,^ϭͮ^/'EΘWZKE^dZhd/KE;KϬϯͿĨŽƌĞƚƚĞƌŵĞŶƚƐ ,7(0127(6 ',5(&7&267727$/ 5(6285&( dKd>/ZdΘWZ^KEE>K^d^ WĂǇŵĞŶƚΘWĞƌĨŽƌŵĂŶĐĞŽŶĚ;ϭ͘ϬйͿ ΘKdĂǆ;͘ϰϴйͿ ĞƐŝŐŶͲƵŝůĚĞƌ&ĞĞ;ϯ͘ϳϱйͿ ^ĂůĞƐdĂǆ;ϴ͘ϵйͿ W,^ϭͮs>/d/KEKZ/'/E>d^<KZZ͕KϬϭĂŶĚKϬϮ dKd>W,^ϭWZK:dK^d dKd>s>/d/KEEWZKE^dZhd/KEǁŝƚŚ^>^dy ^ĂůĞƐdĂǆ;ϴ͘ϵйͿ 127(6 WƌĞƉĂƌĞĚďǇŽƵƚĞŶŽŶƐƚƌƵĐƚŝŽŶ WĂŐĞϭŽĨϭ :͗ͰϬϭĐƚŝǀĞ:ŽďƐWƌĞĐŽŶͰ<ͲϵϳϬ;WĂƐĐŽƋƵĂƚŝĐͿͰϬϬWƌŝŵĞŽŶƚƌĂĐƚͰŚĂŶŐĞDĂŶĂŐĞŵĞŶƚͰKZϬϯĞƚƚĞƌŵĞŶƚƐͰ Page 34 of 51 3URMHFW)HHΖQIRUPDWLRQ 3URMHFW 3DVFR$TXDWLFV 6)1HZ 3URMHFW1R $D 0$&& 'DWH %DVLF)HH1HZ&RQVWU &RQVXOWDQW 9DOLGDWLRQ 3KDVH 3KDVH 3KDVH 3KDVH 3URSRVDO 17($OORZDQFHV 17($OORZDQFHV 727$/6 %DVLF6HUYLFHV )LUP 1RWHV 6WUXFWXUDO '&Ζ DGGHG&2 )LUH3URWHFWLRQ *UHHQEXVFK )HHSHUSURSRVDOIURP*% $UFKLWHFWXUDO 1$& WULSVRYHUPRDGGHG. &2 6XEWRWDOV%DVLF6HUYLFHV )L[HG$GGLWLRQDO6HUYLFHV ZPDUNXS 6XUYH\ 3%6 *HRWHFK %\2ZQHU 6KUXE6WHSSH0LWLJDWLRQIHHV %RXWHQFRYHUIHHV $TXDWLF'HVLJQ :7Ζ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ΖPSDFW$VVHVVPHQW DGGVHUYLFHQRWLQFOXGHGN 7ULS*HQHUDWLRQ/HWWHU 3%6 UHTXLUHGE\&LW\ 6(3$&KHFNOLVW 3%6 UHTXLUHGE\&LW\ 6XEWRWDOV)L[HG$GG O6HUYLFHV &KDQJH2UGHU 6(3$&KHFNOLVW5H=RQH %HWWHUPHQWV 6XEWRWDOV&2 5HLPEXUVDEOH([SHQVHV 7UDYHO7LPHDQG([SHQVHV VHHDERYH VHHDERYH DOORZDQFH 2WKHUPLVFSULQWLQJHWF DOORZDQFH 6XEWRWDOV5HLPEXUVDEOH([SHQVHV 7RWDOV YDOLGDWLRQ IL[HG 17( IL[HG 17( WRWDOZLWK17(V FRQYHUWWRIL[HG WRWDOOXPSVXP ([FOXVLRQV&XOWXUDO5HVRXUFH6XUYH\0RQLWRULQJ ΖQVSHFWLRQVDQGWHVWLQJ ??QDF??3URMHFWVB632??B&RQWUDFWVB)LQDQFH?$B)HHB'RFXPHQWVB&RQWUDFWV?DB&OLHQW?3KDVH)HH?$D3URMHFWB)HHB%UHDNGRZQY&2[OV[ CO 03 for Betterments Pa g e 3 5 o f 5 1 iV(ϙ((a(bϙ[I èèôŕťôîώ ôťťôŘıôĲťŜ «ÍīĖîÍťĖĺĲώŪîČôť ŪŘŘôĲťώŪîČôť ÍŜèĺϙŗŪÍťĖèϙôĲťôŘ ͑Ϡ͔͑͗Ϡ͏͏͏щώώώώώώώώώώώώώώώώ ͖͒Ϡ͓͔͗Ϡ͖͖͕щώώώώώώώώώώώώώ ͒͘Ϡ͖͓͒Ϡ͖͖͕щϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙ ͗ϱbĺŽϱ͓͑ Iťôı "ôŜèŘĖŕťĖĺĲ iaώĺŜť "ôèĖŜĖĺĲώ"Íťô ŘĖĺŘĖťƅώ[ôŽôī bĺťôŜ ͐îîϙ͒ŘîϙſÍťôŘŜīĖîô ͒͗͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͓ϯ͒͏ϯ͑͏͔͑ FĖČēôŜť ÍŜôϙ(ŜťĖıÍťôϡϙŘĺŽĖŜĖĺĲŜϙϼŕĖŕĖĲČϠϙŕīÍťċĺŘıϠϙôťèϽϙÍŘôϙĖĲèīŪîôîϙċĺŘϙÍϙċŪťŪŘôϙſÍťôŘŜīĖîôϠϙ æŪťϙťēôϙſÍťôŘŜīĖîôϙĖťŜôīċϙĖŜϙĲĺťϙĖĲèīŪîôîϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙîîϙÍϙťēĖŘîϙſÍťôŘŜīĖîô ͐͏ϯ͐͐ϡώ"ôŜĖČĲώċĺŘώ͒ŘîώŜīĖîôώſĖťēĖĲώèŪŘŘôĲťώæŪîČôťϠώ ſÍĖťώĺĲώťēĖŜώæôťťôŘıôĲťώċĺŘώĲĺſώÍĲîώŪŕîÍťôώťēôώ "ôèĖŜĖĺĲώ"ÍťôώťĺώŕŪīīώæÍèħώċŘĺıώĺŕôĲĖĲČώîÍƅϟ ͗ϯ͑ϡώFĖČēώŕŘĖĺŘĖťƅ ͐͐ϯ͗ϡώĺĲťĖĲŪôώťĺώċĺèŪŜώϱώFĖČēώŕŘĖĺŘĖťƅ ͑îîϙbôƄ@ôĲϙèēīĺŘĖĲÍťĺŘ ͓͒͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ FĖČēôŜť ((" ÍŜôϙ(ŜťĖıÍťôϡϙĺĲŽôĲťĖĺĲÍīϙèēīĺŘĖĲôϙîĖŜĖĲċôèťĖĺĲϙŜƅŜťôıϟϙϙŪīħϙèēīĺŘĖĲôϙĖŜϙîôīĖŽôŘôîϙ ťĺϙťēôϙċÍèĖīĖťƅϙċŘĺıϙÍϙťēĖŘîϱŕÍŘťƅϙŜŪŕŕīĖôŘϙÍĲîϙŜťĺŘôîϙĺĲϱŜĖťôϙŪĲťĖīϙŪťĖīĖƏôîϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŕČŘÍîôϙťĺϙbôƄ@ôĲϙèēīĺŘĖĲôϙČôĲôŘÍťĺŘϙťĺϙŕŘĺîŪèôϙĺĲϱŜĖťôϙ èēīĺŘĖĲôϙÍŜϙÍϙŜĺīŪťĖĺĲϙĺċϙēƅŕĺèēīĺŘĺŪŜϙÍèĖîϟϙϙēôϙĺĲīƅϙŘÍſϙıÍťôŘĖÍīϙŘôŗŪĖŘôîϙĖŜϙ èĺĲŽôĲťĖĺĲÍīϙŜÍīťϙϼĖĲôŘťϽϠϙſēĖèēϙèÍĲϙæôϙŜťĺŘôîϙĖĲϙÍϙċôôîôŘϙĺĲϱŜĖťôϟ ͗ϯ͑ϡώFĖČēώŕŘĖĺŘĖťƅ ͐͏ϯ͐͐ϡώťĖīīώēĖČēώŕŘĖĺŘĖťƅϠώēĖČēôŜťώŕŘĖĺŘĖťƅώċĺŘώĖťƅώĺċώ ÍŜèĺ ͒îîϙôĲēÍĲèôîϙŜĺŪĲîϙŜƅŜťôı ͑͐͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͔ϯ͒͐ϯ͑͏͔͑ " ÍŜôϙ(ŜťĖıÍťôϡϙϙŕÍČĖĲČϙŜƅŜťôıϙĖŜϙĖĲèīŪîôîϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙēôϙĺŪťîĺĺŘϙŕĺĺīϙîôèħϙſĖīīϙæôϙôĲēÍĲèôîϙſĖťēϙÍĲϙÍıŕīĖċĖôîϙ ŜĺŪĲîϙŜƅŜťôıϙťēÍťϙĖĲèīŪîôîϙæŪĖīîĖĲČϙÍĲîϙŕĺīôϙıĺŪĲťôîϙſôťϱŘÍťôîϙŜŕôÍħôŘŜϙÍĲîϙſôťϱ ŘÍťôîϙıĖèŘĺŕēĺĲôŜϟϙϙēôϙĖĲîĺĺŘϙŕĺĺīϙŜĺŪĲîϙŜƅŜťôıϙſĺŪīîϙæôϙŪŕČŘÍîôîϙťĺϙĖĲèīŪîôϙÍĲϙ ÍıŕīĖċĖôîϙŜĺŪĲîϙŜƅŜťôıϙſĖťēϙſôťϱŘÍťôîϙŜŕôÍħôŘŜϙÍĲîϙſôťϱŘÍťôîϙıĖèŘĺŕēĺĲôŜϟϙϙēôϙ ŕÍČĖĲČϙŜƅŜťôıϙċŪĲèťĖĺĲÍīĖťƅϙſĺŪīîϙŘôıÍĖĲϟ ͓ôÍèēϙŽĺīīôƅæÍīīϙϱϙ͑ϙċŪīīϙèĺŪŘťŜϙĖĲϙēÍŜôϙ͑ϙæŪĖīîĖĲČДŜϙċĺĺťŕŘĖĲť ͐͐͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͖ϯ͒͏ϯ͑͏͔͑ " ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙŜèĺŕôϙĺċϙſĺŘħϙĖŜϙĲĺťϙĖĲèīŪîôîϙĖĲϙťēôϙæÍŜôϙôŜťĖıÍťôϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙîîϙťſĺϙċŪīīϙæôÍèēϙŽĺīīôƅæÍīīϙèĺŪŘťŜϙĖĲϙťēôϙēÍŜôϙ͑ϙæŪĖīîĖĲČϙ ċĺĺťŕŘĖĲťϟϙϙŘĺŽĖŜĖĺĲŜϙċĺŘϙŜĖťôϙèĺŪŘťϙīĖČēťĖĲČϙÍŘôϙĖĲèīŪîôîϟϙϙŕôèťÍťĺŘϙŜôÍťĖĲČϙĖŜϙĲĺťϙ ĖĲèīŪîôîϟϙ ͔(ŕĺƄƅϙċīĺĺŘĖĲČϙϼbÍťÍťĺŘĖŪıϙЭϙ[ĺèħôŘϙĺĺıŜϽ ͓͐͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͘ϯ͒͏ϯ͑͏͔͑ " ÍŜôϙ(ŜťĖıÍťôϡϙēôϙbÍťÍťĺŘĖŪıϙÍĲîϙ[ĺèħôŘϙĺĺıŜϙċīĺĺŘĖĲČϙĖŜϙèĺıŕŘĖŜôîϙĺċϙÍϙ ťŘÍĲŜŕÍŘôĲťϙèĺĲèŘôťôϙŜôÍīôŘϟϙϙēôϙċīĺĺŘϙſĺŪīîϙīĺĺħϙīĖħôϙÍϙČŘôƅϙèĺĲèŘôťôϙŜīÍæϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙôÍīôîϙèĺĲèŘôťôϙſĺŪīîϙæôϙŪŕČŘÍîôîϙťĺϙôŕĺƄƅϙϼċīŪĖîϙÍŕŕīĖôîϽϙ ċīĺĺŘĖĲČϟϙϙ(ŕĺƄƅϙċīĺĺŘĖĲČϙèĺıôŜϙĖŜϙÍϙŽÍŘĖôťƅϙĺċϙèĺīĺŘŜ ͕bĖĲĤÍŘĺŜŜϙèĺŪŘŜôϙIĲťôŘĖĺŘϙbÍťÍťĺŘĖŪıϙϼŪŘèēÍŜôϯIĲŜťÍīīϙĺċϙôŗŪĖŕϙĺĲīƅϽ ͖͕͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͘ϯ͐͒ϯ͑͏͔͑ FĖČēôŜť ÍŜôϙ(ŜťĖıÍťôϡϙēôϙĲÍťÍťĺŘĖŪıϙÍĲîϙÍŜŜĺèĖÍťôîϙŜťŘŪèťŪŘôϙſĖīīϙæôϙŜĖƏôîϙťĺϙÍèèĺııĺîÍťôϙ ÍϙċŪťŪŘôϙĖĲîĺĺŘϙbĖĲĤÍŘĺŜŜϟϙϙēôϙbĖĲĤÍŘĺŜŜϙôŗŪĖŕıôĲťϙĖťŜôīċϙĖŜϙĲĺťϙĖĲèīŪîôîϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙēôϙbĖĲĤÍŘĺŜŜϙôŗŪĖŕıôĲťϙſĺŪīîϙæôϙċŪŘĲĖŜēôîϙÍĲîϙĖĲŜťÍīīôîϙÍŜϙ ŕÍŘťϙĺċϙťēôϙ"ôŜĖČĲϯŪĖīîϙŜèĺŕôϙĺċϙſĺŘħϟ ͐͏ϯ͐͐ϡώťĖīīώÍώēĖČēώŕŘĖĺŘĖťƅ ͐͐ϯ͗ϡώ>ĺèŪŜώĺĲώîĖÍīĖĲČώĖĲώèĺŜťϠώFĖČēώŘĖĺŘĖťƅ ͖îîĖťĖĺĲÍīϙċĺŪŘϙŜēÍîôϙŜťŘŪèťŪŘôŜϙϯϙèÍæÍĲÍŜϙϼĖĲèīŪîôŜϙŕĺſôŘϽ ͗͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώώώώ ͔ϯ͒͐ϯ͑͏͔͑ " ÍŜôϙ(ŜťĖıÍťôϡϙŘĺŽĖŜĖĺĲŜϙċĺŘϙÍŕƄϟϙťôĲϙŜēÍîôϙŜťŘŪèťŪŘôŜϙÍĲîϙťôĲϙèÍæÍĲÍŜϙϼîôŕôĲîĖĲČϙ ĺĲϙťƅŕôϙÍĲîϙċôÍťŪŘôŜϽϙÍŘôϙĖĲèīŪîôîϙĖĲϙťēôϙæÍŜôϙôŜťĖıÍťôϟϙϙēÍîôϙŜťŘŪèťŪŘôŜϙĖĲèīŪîôϙ ŕŘĺŽĖŜĖĺĲŜϙċĺŘϙôīôèťŘĖèÍīϙèĺĲŽôĲĖôĲèôϙŕĺſôŘϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙîîϙċĺŪŘϙÍîîĖťĖĺĲÍīϙèÍæÍĲÍŜϟ ÍČôώ͐ώĺċώ͕ Pa g e 3 6 o f 5 1 iV(ϙ((a(bϙ[I èèôŕťôîώ ôťťôŘıôĲťŜ «ÍīĖîÍťĖĺĲώŪîČôť ŪŘŘôĲťώŪîČôť ÍŜèĺϙŗŪÍťĖèϙôĲťôŘ ͑Ϡ͔͑͗Ϡ͏͏͏щώώώώώώώώώώώώώώώώ ͖͒Ϡ͓͔͗Ϡ͖͖͕щώώώώώώώώώώώώώ ͒͘Ϡ͖͓͒Ϡ͖͖͕щϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙ ͗ϱbĺŽϱ͓͑ Iťôı "ôŜèŘĖŕťĖĺĲ iaώĺŜť "ôèĖŜĖĺĲώ"Íťô ŘĖĺŘĖťƅώ[ôŽôī bĺťôŜ ͗îîĖťĖĺĲÍīϙ͔͏͏ϙŜċϙĺċϙôƄťôŘĖĺŘϙŕĺĺīϙÍŘôÍ ͕͒͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͘ϯ͐͒ϯ͑͏͓͑ aĖîîīô (V((" ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙŜèĺŕôϙĺċϙſĺŘħϙĖŜϙĲĺťϙĖĲèīŪîôîϙĖĲϙťēôϙæÍŜôϙôŜťĖıÍťôϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙîîϙÍŕƄϟϙ͔͏͏ŜċϙĺċϙГſÍťôŘϙÍŘôÍГϙťĺϙťēôϙĺŪťîĺĺŘϙŕĺĺīϟϙϙēôϙĺŪťîĺĺŘϙ ŕĺĺīϙÍŕŘĺĲϙÍŘôÍϙŘôıÍĖĲŜϙŪĲèēÍĲČôîϟ ͗ϯ͑ϡώĺĺώıÍĲƅώèēÍĲČôŜώťĺώĺŪťîĺĺŘώŕŘĺČŘÍıϟώ͘ϯ͖͑ϡώ [ôÍŽôώÍŜώŘôĤôèťôîώċĺŘώĲĺſ ͘îîĖťĖĺĲÍīϙĺŪťîĺĺŘϙŕĺĺīϙÍèťĖŽĖťƅϙċôÍťŪŘô ͓͐͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ " ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙŜèĺŕôϙĺċϙſĺŘħϙĖŜϙĲĺťϙĖĲèīŪîôîϙĖĲϙťēôϙæÍŜôϙôŜťĖıÍťôϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙîîϙŕĺĺīϙôīôıôĲťϼŜϽϙôŗŪĖŽÍīôĲťϙťĺϙÍŕôƄϟϙщ͐͏͏ħϙîĖŘôèťϙèĺŜťϟϙϙĲƅϙ ŘôŽĖŜĖĺĲŜϙťĺϙťēôϙŕĺĺīϙôŗŪĖŕıôĲťϙŜŪŕŕĺŘťĖĲČϙťēôŜôϙċôÍťŪŘôŜϙſĺŪīîϙĲôôîϙťĺϙæôϙŘôċīôèťôîϙ ĖĲϙťēĖŜϙÍīīĺſÍĲèôϙÍŜϙſôīīϟ ͐͏ϯ͐͏ϡώ[ôÍŽôώĺĲώīĖŜťώċĺŘώĲĺſώæŪťώŜèĺŕôώſĺŪīîώĲôôîώ îôċĖĲôîϟώ ͐͏aƅŘťēÍϙŕĺĺīϙŽôŜŜôīϙϼĺŪťîĺĺŘϯĖĲîĺĺŘϽ ͐Ϡ͒͏͏Ϡ͏͏͏щώώώώώώώώώώώώώώώ ͘ϯ͐͒ϯ͑͏͓͑ aĖîîīô (V((" ÍŜôϙ(ŜťĖıÍťôϡϙϙèĺĲŽôĲťĖĺĲÍīϙèĺĲèŘôťôϙŕĺĺīϙŽôŜŜôīϙĖŜϙĖĲèīŪîôîϙċĺŘϙæĺťēϙťēôϙĖĲîĺĺŘϙÍĲîϙ ĺŪťîĺĺŘϙŕĺĺīϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙÍϙaƅŘťēÍϙŕĺĺīϙŽôŜŜôīϟϙϙaƅŘťēÍϙŕĺĺīŜϙÍŘôϙôĲČĖĲôôŘôîϙ ŪŜĖĲČϙÍϙŕŘĺŕŘĖôťÍŘƅϙıĺîŪīÍŘϙŜťÍĖĲīôŜŜϙŜťôôīϯ«ϙŜƅŜťôıϙſĖťēϙÍĲϙÍŘŘÍƅϙĺċϙċĖĲĖŜēϙ ŜôīôèťĖĺĲŜϟ ͗ϯ͑ϡώŪŘŘôĲťīƅώŘôĤôèťôîϟ ͐͏aƅŘťēÍϙŕĺĺīϙŽôŜŜôīϙϼĖĲîĺĺŘϙīôĖŜŪŘôϙŕĺĺīϙĺĲīƅϠϙĲĺťϙēĺťϙťŪæϽ ͖͏͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͘ϯ͐͒ϯ͑͏͓͑ aĖîîīô (V((" ÍŜôϙ(ŜťĖıÍťôϡϙϙèĺĲŽôĲťĖĺĲÍīϙèĺĲèŘôťôϙŕĺĺīϙŽôŜŜôīϙĖŜϙĖĲèīŪîôîϙċĺŘϙťēôϙĖĲîĺĺŘϙŕĺĺīϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙÍϙaƅŘťēÍϙŕĺĺīϙŽôŜŜôīϙċĺŘϙťēôϙĖĲîĺĺŘϙŕĺĺīϙĺĲīƅϟϙϙaƅŘťēÍϙ ŕĺĺīŜϙÍŘôϙôĲČĖĲôôŘôîϙŪŜĖĲČϙÍϙŕŘĺŕŘĖôťÍŘƅϙıĺîŪīÍŘϙŜťÍĖĲīôŜŜϙŜťôôīϯ«ϙŜƅŜťôıϙſĖťēϙÍĲϙ ÍŘŘÍƅϙĺċϙċĖĲĖŜēϙŜôīôèťĖĺĲŜϟ ͗ϯ͕ϡώôĲîĖĲČώŘĖèĖĲČ ͐͏ϯ͐͏ϡώŘĖèĖĲČώĲôôîŜώŪŕîÍťôîώċĺŘώĲôſώŕĺĺīώīÍƅĺŪť ͐͐IĲîĺĺŘϙĺŘϙĺŪťîĺĺŘϙ[("ϙŜèŘôôĲϙϼĖĲèīŪîôŜϙŜŪŕŕĺŘťϙŜťŘŪèťŪŘôϽ ͔͑͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͔ϯ͒͐ϯ͑͏͔͑ " ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙĖťôıϙĖŜϙĲĺťϙĖĲèīŪîôîϙĖĲϙťēôϙæÍŜôϙŜèĺŕôϙĺċϙſĺŘħϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙÍϙīÍŘČôϱċĺŘıÍťϙĖĲîĺĺŘϙĺŘϙĺŪťîĺĺŘϙ[("ϙŜèŘôôĲϟϙŘĺŽĖŜĖĺĲŜϙ ċĺŘϙÍϙŜŪŕŕĺŘťϙŜťŘŪèťŪŘôϙÍŘôϙĖĲèīŪîôîϟϙϙIťϙſĺŪīîϙæôϙŘôèĺııôĲîôîϙťēÍťϙťēôϙæôťťôŘıôĲťϙ ċĺŘϙôĲēÍĲèôîϙŜĺŪĲîϙæôϙÍèèôŕťôîϙĖĲϙèĺĲĤŪĲèťĖĺĲϙſĖťēϙťēĖŜϙæôťťôŘıôĲťϟ ͐͑îîĖťĖĺĲÍīϙ͐͏҇ϙĖĲťôŘĖĺŘϙbÍťÍťĺŘĖŪıϙÍŘôÍ ͐Ϡ͑͏͏Ϡ͏͏͏щώώώώώώώώώώώώώώώ ͘ϯ͖͑ϯ͑͏͓͑ FĖČēôŜť ((" ÍŜôϙ(ŜťĖıÍťôϡϙēôϙĲÍťÍťĺŘĖŪıϙĖŜϙÍĲťĖèĖŕÍťôîϙťĺϙæôϙÍŕŕŘĺƄĖıÍťôīƅϟϙ͐͑Ϡ͏͏͏Ŝċ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙ(ĲīÍŘČôϙťēôϙbÍťÍťĺŘĖŪıϙÍŕŕƄϙ͐͏҇ϙĺŘϙ͐Ϡ͑͏͏Ŝċϟ ͘ϯ͐͒ϡώIċώæĺĲîĖĲČώſĺŘħŜϠώťēĖŜώĖŜώFI@FώŕŘĖĺŘĖťƅ ͗ϯ͑ϡώ"ώϱώŕôĲîĖĲČώĖĲîĺĺŘώÍŗŪÍťĖèώŕŘĺČŘÍııĖĲČϟ ͘ϯ͐͘ϡώŘĺèôôîώſĖťēώĖĲèĺŘŕĺŘÍťĖĲČώĖĲťĺώîôŜĖČĲώÍĲîώċĖŘıώ ŪŕώŕŘĖèĖĲČϟ ͐͏ϯ͐͐ϡώŘĺèôôîĖĲČώſĖťēώîôŜĖČĲϠώŕôĲîĖĲČώæĺÍŘîώ ÍŕŕŘĺŽÍīώĺċώťēôώĖĲèŘôÍŜôώťĺώťēôώ"ϯώæŪîČôťϟ ͐͒îîĖťĖĺĲÍīϙèĺīĺŘċŪīϙīĖČēťĖĲČϙϼĖĲťôŘĖĺŘϙÍĲîϙôƄťôŘĖĺŘϽ ͕͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώώώώ ͐͐ϯ͔͐ϯ͑͏͓͑ FĖČēôŜť ((" ÍŜôϙ(ŜťĖıÍťôϡϙŪĲÍæīôϙīĖČēťĖĲČϙĖĲèīŪîôîϙĖĲϙťēôϙŕÍŘťƅϙŘĺĺıŜ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙ(ĲēÍĲèôîϙèĺīĺŘϙèēÍĲČĖĲČϙīĖČēťĖĲČϙċĖƄťŪŘôŜϙĖĲϙťēôϙbÍťÍťĺŘĖŪıϠϙÍĲîϙ ŕĺŜťϙıĺŪĲťôîϙťēôÍťŘĖèÍīϙŜťƅīôϙèĺīĺŘϙèēÍĲČĖĲČϙīĖČēťĖĲČϙôīôıôĲťŜϙĖĲϙťēôϙĺŪťîĺĺŘϙŕĺĺīϙ ÍŘôÍϟ ͐͏ϯ͐͐ϡώ"ôċĖĲôώſēÍťώċôÍťŪŘôŜώèÍĲώæôώÍîîôîώċĺŘώĲôƄťώ ťĖıô ÍČôώ͑ώĺċώ͕ Pa g e 3 7 o f 5 1 iV(ϙ((a(bϙ[I èèôŕťôîώ ôťťôŘıôĲťŜ «ÍīĖîÍťĖĺĲώŪîČôť ŪŘŘôĲťώŪîČôť ÍŜèĺϙŗŪÍťĖèϙôĲťôŘ ͑Ϡ͔͑͗Ϡ͏͏͏щώώώώώώώώώώώώώώώώ ͖͒Ϡ͓͔͗Ϡ͖͖͕щώώώώώώώώώώώώώ ͒͘Ϡ͖͓͒Ϡ͖͖͕щϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙ ͗ϱbĺŽϱ͓͑ Iťôı "ôŜèŘĖŕťĖĺĲ iaώĺŜť "ôèĖŜĖĺĲώ"Íťô ŘĖĺŘĖťƅώ[ôŽôī bĺťôŜ ͓͐îîĖťĖĺĲÍīϙ͐͏҇ϙîôèħϙĺŘϙīÍĲîŜèÍŕĖĲČϙÍŘôÍϙſĖťēĖĲϙŕĺĺīϙôĲèīĺŜŪŘô ͔͑Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώώώώ ͗ϯ͒͐ϯ͑͏͔͑ " ÍŜôϙ(ŜťĖıÍťôϡϙēôϙæÍŜôϙôŜťĖıÍťôϙĖĲèīŪîôŜϙÍŕŕƄϟϙ͐͑Ϡ͗͏͏ϙŜċϙĺċϙŕĺĺīϙîôèħϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙ(ĲīÍŘČôϙťēôϙŕĺĺīϙîôèħϙϼĺŘϙŕĺĺīϙîôèħϙīÍĲîŜèÍŕĖĲČϽϙÍĲîϙ ÍŜŜĺèĖÍťôîϙôĲèīĺŜŪŘôϙϼċôĲèĖĲČϽϙæƅϙÍŕŕƄϟϙ͐͏҇ϟ ͔͐îîĖťĖĺĲÍīϙbÍĲÍſÍīīϙĺŕôĲĖĲČϙĖĲϙťēôϙbÍťÍťĺŘĖŪı ͔͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ " (V((" ÍŜôϙ(ŜťĖıÍťôϡϙŕŕƄϟϙ͓͏īċϙĺċϙbÍĲÍſÍīīϙċĺīîĖĲČϙČīÍŜŜϙſÍīīϙÍŘôϙĖĲèīŪîôîϟϙϼ͑͏ДϙĖĲŜĖîôϠϙ͑͏Дϙ ĺŪťŜĖîôϽ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙ(ĲīÍŘČôϙťēôϙbÍĲÍſÍīīϙÍŘôϙæƅϙÍŕƄϙ͔͑҇ ͐͏ϯ͐͐ϡώôĤôèťώċĺŘώĲĺſϟώ"ôŜĖČĲώťôÍıώťĺώôƄŕīĺŘôώ ŘôŕīÍèĖĲČώťēôώĲÍťÍťĺŘĖŪıώæÍŜôώŜèĺŕôώſĖťēώÍĲĺťēôŘώ ĺŕôĲĖĲČώŜèēôıôϟ ͕͐îîϙŕĖèħīôæÍīīϙèĺŪŘťŜϙϙϼēÍŜôϙ͑ϙċĺĺťŕŘĖĲťϽ ͔͐͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͖ϯ͒͏ϯ͑͏͔͑ " ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙŜèĺŕôϙĺċϙſĺŘħϙĖŜϙĲĺťϙĖĲèīŪîôîϙĖĲϙťēôϙæÍŜôϙôŜťĖıÍťô ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙîîϙċĺŪŘϙŕĖèħīôæÍīīϙèĺŪŘťŜϙϼÍŜŕēÍīťϙæÍŜôϽϙĖĲϙťēôϙēÍŜôϙ͑ϙ ċĺĺťŕŘĖĲťϟ ͖͐îîĖťĖĺĲÍīϙīÍĲîŜèÍŕĖĲČϙċôÍťŪŘô ͓͐͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͗ϯ͒͐ϯ͑͏͔͑ " ÍŜôϙ(ŜťĖıÍťôϡϙ[ÍĲîŜèÍŕĖĲČϙĖŜϙŕŘĖèôîϙÍťϙщ͕ϯŜċϙϼťƅŕĖèÍīϙŜèēĺĺīϯèĖŽĖīϙèÍıŕŪŜϽϟϙϙēôŘôϙÍŘôϙ ĲĺϙŜŕôèĖċĖèϙŕŘĺŽĖŜĖĺĲŜϙċĺŘϙŜŕôèĖċĖèϙīÍĲîŜèÍŕĖĲČϙċôÍťŪŘôŜϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙÍĲϙÍīīĺſÍĲèôϙϼÍŕŕƄϟϙщ͐͏͏ħϙîĖŘôèťϙèĺŜťϽϙċĺŘϙīÍĲîŜèÍŕĖĲČϙ ôĲēÍĲèôıôĲťŜϙĺŘϙÍϙŜŕôèĖÍīϙīÍĲîŜèÍŕĖĲČϙċôÍťŪŘôϠϙ"ϟ ͐͗îîϙŜħƅīĖČēťŜϙĖĲϙťēôϙbÍťÍťĺŘĖŪı ͔͒͘Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ a("IaϱFI@F ((" ÍŜôϙ(ŜťĖıÍťôϡϙbĺϙŜħƅīĖČēťŜϙĖĲèīŪîôîϙĖĲϙťēôϙbÍťÍťĺŘĖŪıϙÍťϙťēĖŜϙťĖıô ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙîîϙÍŕŕƄϟϙ͐͑͏͏ŜċϙĺċϙŜħƅīĖČēťŜϙſĖťēĖĲϙťēôϙbÍťÍťĺŘĖŪıϟϙϙŘĖèĖĲČϙ ĖĲèīŪîôŜϙŕŘĺŽĖŜĖĺĲŜϙċĺŘϙôĲēÍĲèôîϙīĖČēťĖĲČϙèĺĲťŘĺīϟ ͐͏ϯ͐͐ϡώ"ôŜĖČĲώťôÍıώťĺώŜťŪîƅώÍĲîώŕŘĺŕĺŜôώťēĖŜώ æôťťôŘıôĲťώÍťώťēôώĲôƄťώıôôťĖĲČώſĖťēώÍĲώŪŕîÍťôîώ ŕŘĖèôϟ ͐͘îîĖťĖĺĲÍīϙŜŪĲŜēÍîôϙîôŽĖèôŜϙċĺŘϙbÍťÍťĺŘĖŪıϙϼ(ƄťôŘĖĺŘϽ ͓͐͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͐͐ϯ͔͐ϯ͑͏͓͑ [i® ÍŜôϙ(ŜťĖıÍťôϡϙŘĺŽĖŜĖĺĲŜϙċĺŘϙŜťÍĲîÍŘîϙēĺŘĖƏĺĲťÍīϙÍīŪıĖĲŪıϙŜŪĲŜēÍîôŜϙÍťϙťĺŕϙĺċϙ ſĖĲîĺſŜϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙ«ôŘťĖèÍīϙŜŪĲŜēÍîôϙϼŜôôϙ«ÍīĖîÍťĖĺĲϙŘôĲîôŘĖĲČϽϟ ͐͏ϯ͐͐ϡώ(ŽĺīŽĖĲČώſĖťēώťēôώæÍŜôώŜèĺŕôϠώīĺſώŕŘĖĺŘĖťƅώċĺŘώ Ĳĺſϟ ͐͐ϯ͗ϡώĺŽôŘôîώĖĲώťēôώæÍŜôώŜèĺŕôώſĖťēώīÍıĖĲÍťôîώČīÍŜŜώ ÍĲîώıôèēÍĲĖèÍīώŜēÍîôŜϟ ͑͏īīĺſÍĲèôϙċĺŘϙŜĖĲČīôϙÍŘťƅϙĺĺıϙŪŕČŘÍîô ͑͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ [i® ÍŜôϙ(ŜťĖıÍťôϡϙÍŘťƅϙŘĺĺıŜϙĖĲèīŪîôϙŘôŜĖīĖôĲťϙċīĺĺŘĖĲČϠϙÍèĺŪŜťĖèÍīϙťĖīôϙèôĖīĖĲČŜϠϙŕÍĖĲťôîϙ ſÍīīŜϠϙÍĲîϙÍŕŕƄϟϙ͗īċϙĺċϙŕīÍŜťĖèϙīÍıĖĲÍťôϙèÍŜôſĺŘħϙôÍèēϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙîîĖťĖĺĲÍīϙŘĺĺıϙċôÍťŪŘôŜϠϙ"ϙϼıĺŘôϙèÍŜôſĺŘħϠϙÍŘèēĖťôèťŪŘÍīϙ ċôÍťŪŘôŜϠϙôťèϟϽ ͐͏ϯ͐͐ϡώ"ôŜĖČĲώťôÍıώťĺώċĖĲĖŜēώîôŜĖČĲώÍĲîώſôώſĖīīώ ŘôŽĖŜĖťώĖĲώÍώċŪťŪŘôώîôŜĖČĲώıôôťĖĲČϟ ͐͐ϯ͗ϡώèĺŕôώŕĺťôĲťĖÍīīƅώŪŕČŘÍîôîώŘôċôŘώÍĲîώ èÍŜôſĺŘħϟ ͑͐IĲèŘôÍŜôϙŕÍŘħĖĲČϙèĺŪĲť ͐͑͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͗ϯ͒͐ϯ͑͏͓͑ aĖîîīô (V((" ÍŜôϙ(ŜťĖıÍťôϡϙIĲèīŪîôŜϙÍŕŕƄϟϙ͓͐͏ϙŕÍŽôîϙŕÍŘħĖĲČϙŜťÍīīŜϙ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙîîϙ͓͏ϙÍîîĖťĖĺĲÍīϙŕÍŽôîϙŕÍŘħĖĲČϙŜťÍīīŜϟϙϙIĲèīŪîôîϙŕŘĺŽĖŜĖĺĲŜϙċĺŘϙ ÍîîôîϙôīôèťŘĖèϙŽôēĖèīôϙèēÍŘČĖĲČϙŜťÍťĖĺĲŜϙŕôŘϙ®ÍŜēĖĲČťĺĲϙťÍťôϙ(ĲôŘČƅϙĺîôϙ ŘôŗŪĖŘôıôĲťŜϟ ͗ϯ͑ϡώ>ĺŘώĲĺſώĲĺťώÍώēĖČēώŕŘĖĺŘĖťƅ ͑͑îîϙŜĺċċĖťϙèīÍîîĖĲČϙťĺϙôƄŕĺŜôîϙıôťÍīϙîôèħϙϼôƄťôŘĖĺŘϙĺċϙæŪĖīîĖĲČϽ ͐͏͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͐͐ϯ͔͐ϯ͑͏͓͑ a("IaϱFI@F ((" ÍŜôϙ(ŜťĖıÍťôϡϙēôϙŘĺĺċϙĺŽôŘēÍĲČŜϙÍŘôϙôƄŕĺŜôîϙϼæôÍıŜϙÍĲîϙıôťÍīϙîôèħĖĲČϽϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙŜĺċċĖťϙèīÍîîĖĲČϙÍťϙŘĺĺċϙĺŽôŘēÍĲČŜϙťĺϙèĺŽôŘϙŜťŘŪèťŪŘÍīϙ ôīôıôĲťŜ ͐͏ϯ͐͐ϡώaôîĖŪıώFĖČēώŘĖĺŘĖťƅϠώîôŜĖČĲώťôÍıώťĺώŪŕîÍťôώ ťēôώŕīÍĲώÍĲîώæŪîČôť ÍČôώ͒ώĺċώ͕ Pa g e 3 8 o f 5 1 iV(ϙ((a(bϙ[I èèôŕťôîώ ôťťôŘıôĲťŜ «ÍīĖîÍťĖĺĲώŪîČôť ŪŘŘôĲťώŪîČôť ÍŜèĺϙŗŪÍťĖèϙôĲťôŘ ͑Ϡ͔͑͗Ϡ͏͏͏щώώώώώώώώώώώώώώώώ ͖͒Ϡ͓͔͗Ϡ͖͖͕щώώώώώώώώώώώώώ ͒͘Ϡ͖͓͒Ϡ͖͖͕щϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙ ͗ϱbĺŽϱ͓͑ Iťôı "ôŜèŘĖŕťĖĺĲ iaώĺŜť "ôèĖŜĖĺĲώ"Íťô ŘĖĺŘĖťƅώ[ôŽôī bĺťôŜ ͑͒îîϙīÍĲôϙťĺϙĖĲîĺĺŘϙŕĺĺīϙ ϱщώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώ ͘ϯ͐͒ϯ͑͏͓͑"[i(" ÍŜôϙ(ŜťĖıÍťôϡϙĺĺīϙŕôŘϙŽÍīĖîÍťĖĺĲϙŜħôťèēôŜϙϼÍŕŕƄϟϙ͓Ϡ͔͗͑ϙŜċϙĺċϙſÍťôŘϙÍŘôÍϽ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙ(ĲīÍŘČôϙťēôϙĖĲîĺĺŘϙŕĺĺīϙťĺϙÍèèĺııĺîÍťôϙÍĲϙÍîîĖťĖĺĲÍīϙīÍĲôϟϙϙ ēĖŜϙſĺŪīîϙÍīīĺſϙċĺŘϙÍϙīÍŘČôŘϙbĖĲĤÍŘĺŜŜϙϼŜĖîôϱæƅϱŜĖîôϙèĺıŕôťĖťĖĺĲϙŽŜϙŜĖĲČīôϽϟ ͗ϯ͑ϡώîîôî ͘ϯ͐͘ϡώÍŘťώĺċώæÍŜôώŜèĺŕôώĲĺſϟώ ͓͑aÍħôϙŘôÍîƅϙċĺŘϙċŪťŪŘôϙ>īĺſϙĖîôŘϙϼiŪťîĺĺŘϽ ϱщώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑" ÍŜôϙ(ŜťĖıÍťôϡϙbĺϙŕŘĺŽĖŜĖĺĲŜϙċĺŘϙŜŕÍèôϠϙŕĖŕĖĲČϠϙÍĲîϙôŗŪĖŕıôĲťϙťĺϙŜŪŕŕĺŘťϙťēôϙ>īĺſϙ ĖîôŘϙÍŘôϙĖĲèīŪîôîϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙŜŕÍèôϠϙÍĲîϙŕĺĺīϙŕīŪıæĖĲČϙĖĲċŘÍŜťŘŪèťŪŘôϙťĺϙ ÍèèĺııĺîÍťôϙÍϙċŪťŪŘôϙċīĺſϙŘĖîôŘϟϙϙŘĺŽĖŜĖĺĲŜϙċĺŘϙŕĺĺīϙôŗŪĖŕıôĲťϙťĺϙŜŪŕŕĺŘťϙ>īĺſϙĖîôŘϙ ÍŘôϙĲĺťϙĖĲèīŪîôîϟϙ ͗ϯ͑ϡώîîôî ͐͏ϯ͐͏ϡώbôôîŜώıĺŘôώŘôŜôÍŘèēώÍĲîώŜèĺŕôώîôċĖĲôî ͐͏ϯ͐͐ϡώ"ôċĖĲôώŜèĺŕôώÍĲîώŪŕîÍťôώťēôώŕŘĖèôϟώ(īôèťŘĖèÍīώ èĺĲîŪĖťŜϠώŜôſôŘϠώſÍťôŘώťĺώċŪťŪŘôώıôèēÍĲĖèÍīώŘĺĺıϠώ ſēÍťώıÍƅώĖĲèīŪîĖĲČώôīôèťŘĖèÍīώèÍŕÍèĖťƅώĲĺſ ͐͏ϯ͔͑ϡώĺıæĖĲôώſĖťēώ͕͑ ͔͑îîϙ>īĺſϙĖîôŘ ͒Ϡ͔͘͏Ϡ͏͏͏щώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ " (V((" ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙôīôıôĲťϙĖŜϙĲĺťϙĖĲèīŪîôî ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙċīĺſϙŘĖîôŘϙÍĲîϙÍŜŜĺèĖÍťôîϙŕĺĺīϙôŗŪĖŕıôĲťϙÍĲîϙŕĖŕĖĲČϟϙ ͗ϯ͑ϡώîîôîϟώώIĲèīŪîôŜώÍīīώŜèĺŕôώĖîôĲťĖċĖôîώĖĲώ>īĺſώ ĖîôŘώıÍħôώŘôÍîƅ ͐͏ϯ͐͐ϡώôĤôèťôî ͕͑aÍħôϙŘôÍîƅϙċĺŘϙċŪťŪŘôϙĺŪťîĺĺŘϙÍıôĲĖťƅϙϼ"Ͻ ϱщώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ FI@F( ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙôīôıôĲťϙĖŜϙĲĺťϙĖĲèīŪîôî ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙŕīŪĲČôϙŕĺĺīϙÍŘôÍϠϙĺŘϙÍŘôÍϙťĺϙÍèèĺııĺîÍťôϙċŪťŪŘôϙŜīĖîôϙ ŘŪĲĺŪťϟ ͐͏ϯ͐͐ϡώĺĲîŪĖťŜϠώŜôſôŘώſÍťôŘώϼĲĺώıôèēώŘĺĺıϽϠώ ŕĺŜŜĖæīôώôīôèťŘĖèÍīώèÍŕÍèĖťƅϟ ͐͏ϯ͔͑ϡώŘĖèĖĲČώſĖťēώ͔͏҇ώ"" ͐͐ϯ͗ϡώèĺŕôώťĺώæôώîôċĖĲôîϟώŜôώæÍŜĖŜώÍŜώċīĺſώŘĖîôŘώ ŜĖƏôîώÍıôĲĖťƅϟώ>ĺèŪŜώĺĲώîôŽôīĺŕĖĲČ ͖͑Í iŪťîĺĺŘϙŜīĖîôϙèĺıŕīôƄϙϼÍīīϙŘŪĲĺŪťŜϽ ͑Ϡ͏͖͏Ϡ͏͏͏щώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ a("IaϱFI@F ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙôīôıôĲťϙĖŜϙĲĺťϙĖĲèīŪîôî ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙÍĲϙĺŪťîĺĺŘϙŜīĖîôϙèĺıŕīôƄ ͗ϯ͒͏ώîîôîϟώ ͐͐ϯ͗ϡώ͒͗ϟ͔ДώīÍťċĺŘıώŕŘĖèôî ͖͑æ iŪťîĺĺŘϙŜīĖîôϙèĺıŕīôƄϙϼſĖťēĺŪťϙÍċťϙīĖîôϽ ͐Ϡ͒͘͏Ϡ͏͏͏щώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ a("IaϱFI@F ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙôīôıôĲťϙĖŜϙĲĺťϙĖĲèīŪîôî ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙĺŪťîĺĺŘϙŜīĖîôϙèĺıŕīôƄϙϼſĖťēĺŪťϙťēôϙŘÍċťϙŜīĖîôϽ ͗ϯ͒͏ώîîôîϟ ͐͏ϯ͐͐ϡώFĖČēôŘώŕŘĖĺŘĖťƅώťēÍĲώťēôώ͒ŘîώĖĲîĺĺŘώŜīĖîô ϪϪÍĲώſôώČĺώ͔͒ДώĺŘώ͓͏ДϦϦ ͐͐ϯ͗ϡώ͒͗ϟ͔ДώīÍťċĺŘıώŕŘĖèôî ͑͗iŪťîĺĺŘϙŜīĖîôϙèĺıŕīôƄϙϼıÍħôϱŘôÍîƅϙĺĲīƅϽ ͔͖͐Ϡ͔͗͗щώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ FI@F( ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙôīôıôĲťϙĖŜϙĲĺťϙĖĲèīŪîôî ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙĖĲċÍŜťŘŪèťŪŘôϙťĺϙÍîîϙĺŪťîĺĺŘϙŜīĖîôϙèĺıŕīôƄϙ ϼŕĖŕĖĲČϯèĺĲîŪĖťϽϠϙÍîîĖťĖĺĲÍīϙŕĺĺīϙıôèēÍĲĖèÍīϙÍĲîϙŕŪıŕϙŕĖťϠϙôťèϟ ͗ϯ͒͏ώîîôîϟ ͐͏ϯ͐͏ϡώbôôîŜώıĺŘôώŘôŜôÍŘèēώÍĲîώŜèĺŕôώîôċĖĲôî ͐͏ϯ͔͑ϡώŘĖèĖĲČώſĖťēώ͔͏҇ώ""ώϱώīÍèôēĺīîôŘώèĺŜťώċĺŘώ Ĳĺſ ͐͐ϯ͗ϡώFĖČēώŕŘĖĺŘĖťƅώϱώċĺèŪŜώĺĲώîôŽôīĺŕĖĲČ ͑͘ÍĖĲϙīĺŪîϙϼŪĲϙēĺſôŘϽ ͖͐͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑a("IaϱFI@F ôôώôťťôŘıôĲťώ͒͏ ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙôīôıôĲťϙĖŜϙĲĺťϙĖĲèīŪîôî ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙŕĺĺīϙŕĖŕĖĲČϙĺŽôŘēôÍîϙĖĲϙĲÍťÍťĺŘĖŪıϙċĺŘϙŘÍĖĲϙèīĺŪîϠϙ ĖĲèīŪîĖĲČϙôīôèťŘĖèÍīϙċĺŘϙīĖČēťĖĲČϙôċċôèťŜϟ ͗ϯ͒͏ώîîôîϟ ͐͏ϯ͐͐ϡώiĲīƅώħôôŕώôťťôŘıôĲťώ͒͏ϟ ÍČôώ͓ώĺċώ͕ Pa g e 3 9 o f 5 1 iV(ϙ((a(bϙ[I èèôŕťôîώ ôťťôŘıôĲťŜ «ÍīĖîÍťĖĺĲώŪîČôť ŪŘŘôĲťώŪîČôť ÍŜèĺϙŗŪÍťĖèϙôĲťôŘ ͑Ϡ͔͑͗Ϡ͏͏͏щώώώώώώώώώώώώώώώώ ͖͒Ϡ͓͔͗Ϡ͖͖͕щώώώώώώώώώώώώώ ͒͘Ϡ͖͓͒Ϡ͖͖͕щϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙ ͗ϱbĺŽϱ͓͑ Iťôı "ôŜèŘĖŕťĖĺĲ iaώĺŜť "ôèĖŜĖĺĲώ"Íťô ŘĖĺŘĖťƅώ[ôŽôī bĺťôŜ ͒͏ÍĖĲϙīĺŪîϙϼŪĲϙēĺſôŘϽϙſĖťēϙĺŪĲîϙĺĺŘîĖĲÍťĖĺĲ ͐͘͏Ϡ͏͏͏щώώώώώώώώώώώώώώώώώώώ ͐͑ϯ͐͗ϯ͑͏͓͑ FI@F( ((" ÍŜôϙ(ŜťĖıÍťôϡϙēĖŜϙôīôıôĲťϙĖŜϙĲĺťϙĖĲèīŪîôî ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙŕĺĺīϙŕĖŕĖĲČϙĺŽôŘēôÍîϙĖĲϙĲÍťÍťĺŘĖŪıϙċĺŘϙŘÍĖĲϙèīĺŪîϠϙ ĖĲèīŪîĖĲČϙôīôèťŘĖèÍīϙċĺŘϙīĖČēťĖĲČϙôċċôèťŜϠϙÍĲîϙèĺĺŘîĖĲÍťĖĺĲϙſĖťēϙŜĺŪĲîϙŜƅŜťôıϟ ͐͏ϯ͗ώîîôîϟ ͐͏ϯ͐͐ϡώFĖČēώŕŘĖĺŘĖťƅώϱώŪŘŜŪôώÍĲîώŪĲîôŘŜťÍĲîώæôťťôŘώ ēĺſώťēĖŜώĖĲťôČŘÍťôŜώſĖťēώťēôώĺťēôŘώīĖČēťĖĲČώ æôťťôŘıôĲťŜ ͒͐ĺīĺŘϙèēÍĲČĖĲČϙīĖČēťŜϙĖĲϙťēôϙŕĺĺīϦϙiŘϙŜĺıôϙĺťēôŘϙſÍƅϙťĺϙôĲēÍĲèôϙôƄŕôŘĖôĲèô ϱщώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώ ͐ϯ͔͐ϯ͑͏͔͑ aôîĖŪı ÍŜôϙ(ŜťĖıÍťôϡϙŘÍîĖîĖĺĲÍīϙĺĺīϙ[ĖČēťĖĲČ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙŕĺĺīϙŕĖŕĖĲČϙĺŽôŘēôÍîϙĖĲϙĲÍťÍťĺŘĖŪıϙċĺŘϙŘÍĖĲϙèīĺŪîϠϙ ĖĲèīŪîĖĲČϙôīôèťŘĖèÍīϙċĺŘϙīĖČēťĖĲČϙôċċôèťŜϠϙÍĲîϙèĺĺŘîĖĲÍťĖĺĲϙſĖťēϙŜĺŪĲîϙŜƅŜťôıϟ ͐͏ϯ͐͏ώîîôîϟώŘĖèĖĲČ ͐͏ϯ͔͑ϡώŕîÍťĖĲČώſĖťēώ͔͏҇ώ""ώ ͐͐ϯ͗ϡώ®ĖīīώŕŘĺŽĖîôώÍťώ͐͏͏҇"" ͒͑èèôŜŜϙĺĲťŘĺīϙϱϙ͐͏ϙîîĖťĖĺĲÍīϙ"ôŽĖèôŜϙϼèÍŘîϙŘôÍîôŘŜϙÍĲîϙèĺĲťŘĺīϙæĺÍŘîŜϽ ϱщώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώ ͐ϯ͔͐ϯ͑͏͔͑ FĖČē ÍŜôϙ(ŜťĖıÍťôϡϙ͖ϙ"ôŽĖèôŜϙÍèèĺŪĲťôîϙċĺŘϙĖĲϙæÍŜôϙŜèĺŕô ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙ͐͏ϙÍîîĖťĖĺĲÍīϙèÍŘîϙŘôÍîôŘŜϙÍĲîϙÍŜŜĺèĖÍťôîϙÍèèôŜŜϙ èĺĲťŘĺīϙĖĲċŘÍŜťŘŪèťŪŘô ͐͏ϯ͐͏ώîîôîϟώŘĖèĖĲČ ͐͏ϯ͔͑ϡώŕîÍťĖĲČώſĖťēώ͔͏҇ώ"" ͐͐ϯ͗ϡώ®ĖīīώŕŘĺŽĖîôώÍťώ͐͏͏҇"" ͒͒ĺĺıϙŜèēôîŪīĖĲČϙŘĺŪČēϱĖĲϙÍĲîϙèÍæīĖĲČϙ͒ϙŕÍŘťƅϙŘĺĺıϙīĺèÍťĖĺĲŜ ϱщώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώ ͔ϯ͒͐ϯ͑͏͔͑ FĖČē ÍŜôϙ(ŜťĖıÍťôϡϙbĺϙŘĺĺıϙŜèēôîŪīĖĲČϙĖĲċŘÍŜťŘŪèťŪŘôϙĖĲϙæÍŜôϙŜèĺŕô ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙ͒ϙīĺèÍťĖĺĲŜϙÍťϙŕÍŘťƅϙŘĺĺıŜϙϱϙĺŪČēϱĖĲϙÍĲîϙèÍæīĖĲČϙťĺϙÍîîϙ ŜèēôîŪīĖĲČϙıĺĲĖťĺŘŜϙĖĲϙťēôϙċŪťŪŘôϟ ͐͏ϯ͐͐ϡώīÍĲώťĺώÍèèôŕťώĖĲώÍώċŪťŪŘôώıôôťĖĲČ ͐͏ϯ͔͑ϡώŕîÍťĖĲČώſĖťēώ͔͏҇ώ"" ͐͐ϯ͗ϡώ®ĖīīώŕŘĺŽĖîôώÍťώ͐͏͏҇"" ͓͒īĖîôϙèÍıôŘÍϙÍĲîϙıĺĲĖťĺŘϙċĺŘϙĺŕôŘÍťĺŘϙÍťϙťĺŕϙťĺϙŜôôϙťēôϙŕôĺŕīôϙÍťϙťēôϙŘŪĲĺŪťŜϟ ϱщώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώ ͐ϯ͔͐ϯ͑͏͔͑ FĖČē ÍŜôϙ(ŜťĖıÍťôϡϙbĺϙŜīĖîôϙťĺſôŘϙĺŕôŘÍťĺŘϙèÍıôŘÍϯıĺĲĖťĺŘϙŜƅŜťôıϙĖĲϙæÍŜôϙŜèĺŕô ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙèÍıôŘÍϙÍťϙæÍŜôϙĺċϙŜīĖîôϙťĺſôŘϙÍĲîϙıĺĲĖťĺŘĖĲČϙîôŽĖèôϙÍťϙ ťĺŕϙĺċϙŜīĖîôϙťĺſôŘϙċĺŘϙťēôϙīĖċôČŪÍŘîϙťĺϙôÍŜĖīƅϙŜôôϙťēÍťϙŘŪĲĺŪťŜϙēÍŽôϙèīôÍŘôî ͐͏ϯ͐͐ϡώFĖČēώŕŘĖĺŘĖťƅϟ ͐͏ϯ͔͑ϡώŕîÍťĖĲČώſĖťēώ͔͏҇ώ"" ͐͐ϯ͗ϡώ®ĖīīώŕŘĺŽĖîôώÍťώ͐͏͏҇"" ͔͒ÍıôŘÍŜϙĖĲϙŕÍŘħĖĲČϙīĺťϙϼŘĺŪČēϱĖĲϽ ϱщώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώ ͔ϯ͒͐ϯ͑͏͔͑ FĖČē ÍŜôϙ(ŜťĖıÍťôϡϙbĺϙèÍıôŘÍŜϙÍťϙŕÍŘħĖĲČϙīĺťϙīĖČēťϙŕĺīôŜϙĖĲϙæÍŜôϙŜèĺŕô ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙèĺĲîŪĖťϙŘĺŪČēϱĖĲϙťĺϙÍīīϙŕÍŘħĖĲČϙīĺťϙīĖČēťϙŜťÍĲîÍŘîŜϙťĺϙÍîîϙ ŕÍŘħĖĲČϙīĺťϙèÍıôŘÍŜϙĖĲϙťēôϙċŪťŪŘôϟ ͐͏ϯ͐͐ϡώFĖČēώŕŘĖĺŘĖťƅ ͐͏ϯ͔͑ϡώŕîÍťĖĲČώſĖťēώ͔͏҇ώ"" ͐͐ϯ͗ϡώ®ĖīīώŕŘĺŽĖîôώÍťώ͐͏͏҇"" ͕͒ŕīÍŜēťÍèŪīÍŘϙŗŪÍťĖèϙ@Íıô ϱщώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώώ ͔ϯ͒͐ϯ͑͏͔͑ aôîĖŪı ÍŜôϙ(ŜťĖıÍťôϡϙbĺťϙĖĲϙèīŪîôîϙĖĲϙæÍŜôϙŜèĺŕôϟ ŘĺŕĺŜôîϙôťťôŘıôĲťϡϙŘĺŽĖîôϙŘĺŪČēϱĖĲϙċĺŘϙċŪťŪŘôϙÍŗŪÍťĖèϙČÍıôϙťēÍťϙŜŕīÍŜēťÍèŪīÍŘϙēÍŜϙ ŪĲîôŘϙîôŽôīĺŕıôĲťϟϙĺŪèēϱŜèŘôôĲϙČÍıôϙſēôŘôϙĺĲôϙŕīÍƅôŘϙČôťŜϙÍϙæŪèħôťϙĺċϙſÍťôŘϙ îŘĺŕŕôîϙĺĲϙťēôı ͐͏ϯ͐͐ϡώîîôî ͐͐ϯ͗ϡώ®ĖīīώŕŘĺŽĖîôώÍťώ͐͏͏҇"" ÍČôώ͔ώĺċώ͕ Pa g e 4 0 o f 5 1 iV(ϙ((a(bϙ[I èèôŕťôîώ ôťťôŘıôĲťŜ «ÍīĖîÍťĖĺĲώŪîČôť ŪŘŘôĲťώŪîČôť ÍŜèĺϙŗŪÍťĖèϙôĲťôŘ ͑Ϡ͔͑͗Ϡ͏͏͏щώώώώώώώώώώώώώώώώ ͖͒Ϡ͓͔͗Ϡ͖͖͕щώώώώώώώώώώώώώ ͒͘Ϡ͖͓͒Ϡ͖͖͕щϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙϙ ͗ϱbĺŽϱ͓͑ Iťôı "ôŜèŘĖŕťĖĺĲ iaώĺŜť "ôèĖŜĖĺĲώ"Íťô ŘĖĺŘĖťƅώ[ôŽôī bĺťôŜ ĺŜťώôîŪèťĖĺĲώiŕŕĺŘťŪĲĖťĖôŜ iaώĺŜť "ôèĖŜĖĺĲώ"Íťô ŘĖĺŘĖťƅώ[ôŽôī ͐ϼ͓͔͏Ϡ͏͏͏Ͻщώώώώώώώώώώώώώώώώώώ ͘ϯ͐͒ϯ͑͏͓͑bϯ͗ϯ͑ϡώôĤôèťôî ͑Í ÍŘČôťϙôĲèīĺŜŪŘôϙŘôîŪèťĖĺĲϙĺċϙÍŕŕŘĺƄϟϙ͒Ϡ͗͏͏ϙŜċ ϼ͕͒͏Ϡ͏͏͏Ͻщώώώώώώώώώώώώώώώώώώ ͘ϯ͐͒ϯ͑͏͓͑bϯ͗ϯ͑ϡώŕîÍťôώæôťťôŘıôĲťώťĺώŘôŽĖŜôîώħôťèēŕ ͑æ ÍŘČôťϙôĲèīĺŜŪŘôϙŘôîŪèťĖĺĲϙŕôŘϙ͗ϯ͑ϯ͑͏͓͑ϙbϙħôťèē ϼ͐͘͏Ϡ͏͏͏Ͻщώώώώώώώώώώώώώώώώώώ ͘ϯ͐͒ϯ͑͏͓͑bϯ͗ϯ͑ϡώîîôî ͒ϼ͔͐͏Ϡ͏͏͏Ͻщώώώώώώώώώώώώώώώώώώ ͐͏ϯ͑͑ϯ͑͏͓͑bϯ͗ϯ͑ϡώXôôŕώÍĲîώŜťŪîƅώċŪŘťēôŘ ͘ϯ͐͘ϡώÍŘťώĺċώæÍŜôώŜèĺŕôώŘôîŪèťĖĺĲ ͓iıĖťϙŜŕÍϙϼ͔͒͑ϙŜċϙſÍťôŘϙÍŘôÍϽ ϼ͑͏͏Ϡ͏͏͏Ͻщώώώώώώώώώώώώώώώώώώ ͐͏ϯ͑͑ϯ͑͏͓͑bϯ͗ϯ͑ϡώôĤôèťôî ͔ôŽĖŜôϙĖĲîĺĺŘϙèēÍĲČĖĲČϙŘĺĺıŜϙċŘĺıϙ͖͐ϙťĺϙ͗ϙôÍϙϱϙŪťĖīĖƏôϙèĺĲŽôĲťĖĺĲÍīϙīĺèħôŘϙŘĺĺıŜ ϼ͐͘͏Ϡ͏͏͏Ͻщώώώώώώώώώώώώώώώώώώ ͗ϯ͕͐ϯ͑͏͓͑bϯ͗ϯ͑ϡώôĤôèťôî ͕ĺıæĖĲôϙŕĺĺīϙıôèēÍĲĖèÍīϙŘĺĺıŜ ϼ͐͐͏Ϡ͏͏͏Ͻщώώώώώώώώώώώώώώώώώώ ͗ϯ͕͐ϯ͑͏͓͑bϯ͘ϯ͖͑ϡώbĺťώæôĖĲČώŕŪŘŜŪôî bi( ͐«ÍīŪôŜϙŜēĺſĲϙÍŘôϙŘĺŪČēϙĺŘîôŘϙĺċϙıÍČĲĖťŪîôϟϙϙ>ĖĲÍīϙŽÍīŪôŜϙťĺϙæôϙŪŕîÍťôîϙŪŕĺĲϙŜèĺŕôϙÍīĖČĲıôĲťϙÍĲîϙŘôŗŪĖŘôıôĲťŜϟ ͑"ÍťôŜϙŜēĺſĲϙÍŘôϙċĺŘϙĖĲĖťĖÍīϙîĖŜèŪŜŜĖĺĲŜϙÍĲîϙıÍƅϙæôϙÍîĤŪŜťôîϙæÍŜôîϙĺĲϙťĖıĖĲČϙĺċϙċŪŘťēôŘϙîôŜĖČĲϙıôôťĖĲČŜϙÍĲîϙŜŕÍèôϙŕīÍĲĲĖĲČϟ ͒ «ÍīŪôŜώŘôŕŘôŜôĲťώťĺťÍīώîôŜĖČĲϱæŪĖīîώèĺŜťώĖĲèīŪŜĖŽôώĺċώ®ÍŜēĖĲČťĺĲώťÍťôώÍīôŜώÍƄϟ ôîŪèôώŜŗŪÍŘôώċĺĺťÍČôώťĺώ͒͒Ϡ͏͏͏ώŜċώϼÍŕƄϟώ͖͑͗ώŜċώŘôîŪèťĖĺĲϽ ôîŪèôώĺŪťîĺĺŘώŕĺĺīώſÍťôŘώÍŘôÍώæƅώ͖͏͏ώŜċ ÍČôώ͕ώĺċώ͕ Pa g e 4 1 o f 5 1 Resolution – 2024-17 – Amended Aquatics Stakeholder Register and Decision Matrix - 1 RESOLUTION NO. 2024-17 A RESOLUTION OF THE PASCO PUBLIC FACILITIES DISTRICT BOARD TO AMEND AN AQUATICS STAKEHOLDER REGISTER AND DECISION MATRIX. WHEREAS, the Pasco Public Facilities District (PPFD) was duly formed pursuant to Chapter 35.57 of the Revised Code of Washington on July 15, 2002, by the adoption of City of Pasco Ordinance No. 3558, and granted all powers provided by law pursuant to RCW 35.57.010; and WHEREAS, the Pasco Public Facilities Board retained the Owner’s Representative firm, Wenaha Group, to assist, educate, and help the PPFD through the design and construction process for an aquatics facility; and WHEREAS, the Wenaha Group presented a “PPFD – Aquatics Stakeholder Register and Decision Matrix” to the PPFD at a special meeting on Friday, May 26, 2023 as a model of communications between different stakeholders and processes involved in procurement, budgeting, scheduling, communication, design, and construction of an aquatics facility; and WHEREAS, the PPFD adopted the initial “Stakeholder Register and Decision Matrix” by the adoption of Resolution 2023-06 on June 20, 2023; and WHEREAS, the PPFD amended the “Stakeholder Register and Decision Matrix” by the adoption of Resolution 2024-02 on February 20, 2024; and WHEREAS, the “Stakeholder Register and Decision Matrix” is intended to be a living document and revised as project needs change. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PASCO PUBLIC FACILITIES DISTRICT as follows: That the Pasco Public Facilities District (PPFD) adopt Exhibit A – “PPFD – Aquatics Stakeholder Register and Decision Matrix” revision November 15, 2024, as the amended model for procurement, budgeting, scheduling, communication, design, and construction of an aquatics facility. Be It Further Resolved that if the document needs to be updated, the board can adopt a newer revision by motion and majority vote. Be It Further Resolved that this Resolution shall take effect immediately. Page 42 of 51 Resolution – 2024-17 – Amended Aquatics Stakeholder Register and Decision Matrix - 2 PASSED by the Pasco Public Facilities District Board of Directors, of Pasco, Washington, on this 19th day of November, 2024. PASCO PUBLIC FACILITIES DISTRICT __________________________________ Mark Morrissette, Board President ATTEST: APPROVED AS TO FORM: _____________________________ ___________________________ Caroline Bowdish, Secretary/Treasurer Kerr Ferguson Law, PLLC Pasco Public Facilities District Attorney for PPFD Page 43 of 51 R = Responsible for completing task A = Accountable/Approve C = Consulted I = Informed Ex e c u t i v e D i r e c t o r - M a t t Wa t k i n s We n a h a G r o u p PP F D B o a r d De s i g n a n d C o n s t r u c t i o n Co m m i t t e e ( D C C ) Ci t y o f P a s c o Co m m u n i t y A m b a s s a d o r Gr o u p Mu n i c i p a l A d v i s o r De s i g n - B u i l d e r - Bo u t e n / N A C Procurement/Budget Recommend Project Delivery Method C C/R I R/A Approve Project Delivery Method C C/R A C/R I Approve Contracts > $100K C C/R A I Approve Contracts < $100K A C/R I C I Approve Project Budget C C/R A C I I I Approve Budget Revisions Within Approved Total Amount A C/R I C I I Approve Contractor Guaranteed Maximum Price (GMP)C C/R A C I C Approve Change Orders > $50K C C/R A C I C Approve Change Orders < $50K A C/R I C I C Approve use of Project Contingency w/in Budget A C/R I C I C Approve and Pay Invoices from Contractors and Vendors A A/R I I R I Establish Operational Plan R C A I I C C Prepare and Issue Bonding A C A I C I R Schedule Approve Overall Project Schedule C C/R I A I I I C Approve Construction Schedule C A I C I R Communication Monthly updates to Board A C/R I I I I C Updates to Community A C/R I C I I Design/Construction Set Overall Project Priorities C C/R A C I I I Choose individual design elements C C/R C A C Approve Schematic Design C C/R A C/R I I C Approve Design Development and Construction Documents C C/R A C/R I I C Approve finishes, fixtures, and furniture C C/R I A I C Approve Value Engineering Measures With Impact to Project Priorities C C A C C/R Approve Value Engineering Measures Without Impact to Project Priorities C C I A C/R Attend weekly Owner/Architect/ Contractor (OAC) meeting *** Answer Contractor's Request for Information (RFI)C C/R C C Give Direction to Design-Builder for On- Site Construction Decisions (FOR SINGLE POINT FOR CONTACT FOR CONTRACTOR) C A/R C C Approve PDB submittals/deliverables C A/R C C Approve PDB sub-consultants and sub- contracts C A/R C C Apply for permits and regulatory approvals on behalf of PPFD and approve payment of associated fees A C I I I C/R Negotiate and sign utility/service agreements necessary for construction and long term operations, approve payment of associated charges. A C/R I C C/R PPFD - Aquatics Stakeholder Register and Decision Matrix Revision - November 15th, 2024 Stakeholder Register - 11-14-24 Exhibit A Page 44 of 51 WENAHA “our — PF" Wenaha Group Bouten/NAC Key Milestones Start Completion %Comments Complete Pasco Aquatics Facility Monthly Project Update November 2024 Construction Manager: Design-Builder: UPDATE SUMMARY The project design has reached the end of the Design Development (DD)phase and the DD report has been submitted with a DD level estimate to follow.All indications are that the design remains on target with the project budget.SEPA comments have been received with no major issues of concern and the grading permit is expected to be issued in plenty of time for the start of earthwork.The bonding process has been completed and bond proceeds have been deposited in PPFD accounts. SCHEDULE SEPA and Grading September November 90%SEPA complete, Permit 2024 2024 grading permit endin Design Development September November 100% Documents 2024 2024 Early GMP (partial)December 2024 Onsite Mobilization january 2025 Final GMP February 2025 CURRENTACTIVITIES 0 Regular design meetings focused on programming and early estimates. 0 Development and equipment choices are ongoing. 0 Full bond proceeds have been received and deposited in the project account. 0 Several betterments have been added into the project design as directed by the board. a Ongoing coordination with the City of Pasco regarding permits and regulatory items. 0 Working with utility providers to identify costs and timing for required utilities. ACTIVITIES SCHEDULEDFOR NEXT MONTH 0 Design moving into Construction Documents (CD)phase with more detail being added. Page 45 of 51 WINAHA GRouP — .b“Pasco Aquatics Facility Monthly Project Update November 2024 DD estimate review and preparation of early GMP for approval by board in December. Foundation permit application will be submitted for City approval Re-Zoning application process is on track to achieve approval in January ahead of building permit approval. Planning for groundbreaking event HIGHLIGHTS DD Phase completion SEPA determination received Receipt of funding from bond issuance SCHEDULE COMMENTARY Progress this month has been consistent with the revised schedule and some of the risks represented by regulatory approvals have been mitigated with no further impacts. CHALLENGESAND SOLUTIONS The offsite costs for utilities are expected to be substantially overbudget.The project team is exploring options and strategies for mitigating these costs but there will likely be a sizable hit to project contingency as a result of these costs. The project team has identi?ed several construction components that have extensive lead times.Work is being done to identify these items and their costs so that they can be included in the early GMP in order to allow time to procure and meet the proposed construction schedule. age Page 46 of 51 4 ._,Pasco Aquatics Facility Monthly Project Update November 2024 None $500,000 14% Percentage Budgeted Approved Submitted ESthated.Contmgency . Contmgency Change Orders Change Items ContingencyExposureExposure $3,590,400 None age 3 Budget Status $3,167,861 $37,460,000 $37,460,000 CONTINGENCYSTATUS Current Design-Design-Build Validation Build Contract Budget Estimated GMP Page 47 of 51 P!n Pasco Aquatics Facility Monthly Project Update November 2024 NAC fl Pa e 4 Of? Exterior Rendering from DD Report PROIECTPHOTO GALLER -mm."Jun-mp. Exterior Rendering fromDD Report Page 48 of 51 — —— *WENAHAGROUP Pasc Pasco Aquatics Facility Monthly Project Update November 2024 mu uni:numv Page of DD Natatorium Rendering Site Layout fromDD Report Page 49 of 51 4. 1‘ Pasco Nil; NIuPML mm HUN/Hi1 Pasco Aquatics Facility Monthly Project Update November 2024 b no how AC nan :z-n .gun:ILCIL“ DD Lobby Rendering ae of “.Nt:M “Ma”.7D W Page 50 of 51 my: av 15.».m mam-m mm (Mum-mam mnwnnnwn 4m WENAHA G ROU Revised Budget PPFD Aquatics Facility MASTER BUDGET—BIG SHEE 1n PDB In PDB In PDB In PDB Architectural &En ineerin Surve — GeotedmicalEn 'neer- Bulldin Envelo eConsukam- Commissionin - PDBValidatian Casts - lnde endent Estimatin Contingency 7 7%of canstruct nst 5 50,046,928 1,000,000 5 1,046,928 Bond Proceeds Interest Income PPFD CIS’IReserves Total Income TntllP mean 5 50,857,400 Totallncome 5 51,046,928 Under /(Over) Under]Over $41,947,000 $50,857,400 5 1,215,094 5 50,857,400 5 Sub-Area 101 102 103 104 105 201 202 203 204 205 206 207 203 210 211 212 301 302 303 304 401 402 403 404 405 407 501 6562.10 503 601 602 603 605 606 701 Description Bond Sales Munici al Advisor Insurance -Builder's Risk- Outside Counsel -PDB Other Le al Costs Subtotal 5 Projec’ff Costs -PPFD Staff City of Staff -llA Archaeol Testin PlanCheck Environme other AHJ Fee [System Development Charges Electrical/Ut|Fees State Commerce Department Review Shrub Ste,e Miti ation - other Admin Costs Subtotal O?slte road and utility improvements Property Aguis‘rtion other Off-siteCosts Subtotal Pro'ect Mana ement Hazardous Materials Consultants Subtotal Consultant lecial Inspections Added Betterments Subtotal rrgE Network Equipment Telecommunications Movin Ex enses FF&EConsultant other FF&ECosts Subtotal TOTAL A Orislnal Budget 5 70.000 5 310,000 5 70,000 5 45.000 5 515,000 5 312,000 5 450.000 5 100.000 5 30,000 5 30,000 5 922,000 S 5 5,600,000 S 5 50,000 3 930,000 30,250,000 5 50,000 5 150,000 5 300,000 5 10,000 5 30,150,000 5 8 20,000 $20,000 5 . 5 540,000 5 2,530,000 s 2,530,000 0') S VIwwwmmmmm S m S 5 20,000 45,000 65,000 312,000 100,000 50,000 30,000 942,000 4,950,000 4,950,000 850,000 50,000 910,000 32,720,000 50,000 150,000 300,000 10,000 3,43 0,000 800,000 2,300,000 39,760,000 600,000 20,000 20,000 640,000 3,590,400 3,590,400 Cost To Me m1»«mmmmmmmmmmmmmmummvxmmw 316,735 928,359 920,359 Forecast Total mmmmmmmmm mmm mmm mm U!mmmmmm 20,000 45,000 65,000 31 2.000 450,000 100,000 50,000 30,000 942,000 4,950,000 4,950,000 850,000 10,000 50,000 910,000 32.720,000 50,000 150,000 300,000 10,000 3,430,000 800,000 2,300,000 39,760,000 600,000 20,000 20,000 640,000 3,590,400 3,590,400 E=6-D Revised Budget vs.Forecast mwwwmmm wmm mmm mm mmmmwmmmmmmmvmmmmmmmmmmmum-mu. Page 1 Income &Under/Project Ifoul Enponm to Date , 5 1,245,094 -PDB Contract Furnishings &Equipment In PDB In PDB Sale Tax included abcwe Archea cosultant - dian/S ecial Ins ections - rdin Permits - SEPA < In PDB Administration &Approva s In PDB In PDB In PD In PDB In PDB PDB Tem ora Of?ces- Off-Site Related C ts 450,000 Page 51 of 51