HomeMy WebLinkAboutPackets - Planning and Zoning Commission (202)
AGENDA
ORO VALLEY PLANNING AND ZONING COMMISSION
SPECIAL SESSION
August 8, 2023
ORO VALLEY COUNCIL CHAMBERS
11000 N. LA CAÑADA DRIVE
For information on public comment procedures, please see the instructions for in person and/or virtual speakers at the end of the
agenda. To watch and/or listen to the public meeting online, please visit
https://www.orovalleyaz.gov/town/departments/town-clerk/meetings-and-agendas
Executive Sessions – Upon a vote of the majority of the Planning and Zoning Commission, the Commission may
enter into Executive Sessions pursuant to Arizona Revised Statutes §38-431.03 (A)(3) to obtain legal advice on
matters listed on the Agenda.
SPECIAL SESSION AT OR AFTER 6:00 PM
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE
CALL TO AUDIENCE - at this time, any member of the public is allowed to address the Commission on any
issue not listed on today’s agenda. Pursuant to the Arizona open meeting law, individual Commission
members may ask Town staff to review the matter, ask that the matter be placed on a future agenda, or
respond to criticism made by speakers. However, the Commission may not discuss or take legal action on
matters raised during "Call to Audience." In order to speak during "Call to Audience", please specify what
you wish to discuss when completing the blue speaker card.
COUNCIL LIAISON COMMENTS
SPECIAL SESSION AGENDA
1.REVIEW AND APPROVAL OF THE JUNE 6, 2023 REGULAR SESSION MEETING MINUTES
2.PUBLIC HEARING: DISCUSSION AND POSSIBLE ACTION REGARDING A PROPOSED 1,649 SQUARE
FOOT DRIVE THROUGH RESTAURANT LOCATED SOUTH OF THE SOUTHWEST CORNER OF
LAMBERT LANE AND LA CANADA DRIVE
ITEM A: CONDITIONAL USE PERMIT (CASE NO. 2202252)
ITEM B: CONCEPTUAL SITE AND LANDSCAPE PLANS AND REVISED MASTER DEVELOPMENT
PLAN (CASE NO. 2202232)
ITEM C: CONCEPTUAL ARCHITECTURE (CASE NO. 2202253)
PLANNING UPDATE (INFORMATIONAL ONLY)
ADJOURNMENT
POSTED: 8/1/2023 at 5:00 p.m. by dt
POSTED: 8/1/2023 at 5:00 p.m. by dt
When possible, a packet of agenda materials as listed above is available for public inspection at least 24 hours prior to the Commission meeting in
the Town Clerk's Office between the hours of 8:00 a.m. – 5:00 p.m.
The Town of Oro Valley complies with the Americans with Disabilities Act (ADA). If any person with a disability needs any type of accommodation,
please notify the Town Clerk’s Office at least five days prior to the Commission meeting at 229-4700.
PUBLIC COMMENT ON AGENDA ITEMS
The Town has modified its public comment procedures for its public bodies to allow for limited remote/virtual comment via Zoom. The public may
provide comments remotely only on items posted as required Public Hearings, provided the speaker registers 24 hours prior to the meeting. For all
other items, the public may complete a blue speaker card to be recognized in person by the Chair, according to all other rules and procedures.
Written comments can also be emailed to Recording Secretary Jeanna Ancona at jancona@orovalleyaz.gov, for distribution to the Planning and
Zoning Commission prior to the meeting. Further instructions to speakers are noted below.
INSTRUCTIONS TO IN-PERSON SPEAKERS
Members of the public shall be allowed to speak on posted public hearings and during Call to Audience when attending the meeting in person. The
public may be allowed to speak on other posted items on the agenda at the discretion of the Chair.
If you wish to address the Commission on any item(s) on this agenda, please complete a blue speaker card located on the Agenda table at the
back of the room and give it to the Recording Secretary. Please indicate on the blue speaker card which item number and topic you wish to speak
on, or, if you wish to speak during Call to Audience, please specify what you wish to discuss.
Please step forward to the podium when the Chair calls on you to address the Commission.
For the record, please state your name and whether or not you are a Town resident.1.Speak only on the issue currently being discussed by the Commission. You will only be allowed to address the Commission one time
regarding the topic being discussed.2.
Please limit your comments to 3 minutes.3.During Call to Audience, you may address the Commission on any matter that is not on the agenda.4.Any member of the public speaking, must speak in a courteous and respectful manner to those present. 5.
INSTRUCTIONS TO VIRTUAL SPEAKERS FOR PUBLIC HEARINGS
Members of the public may attend the meeting virtually and request to speak virtually on any agenda item that is listed as a Public Hearing. If you
wish to address the Commission virtually during any listed Public Hearing, please complete the online speaker form by clicking here
https://forms.orovalleyaz.gov/forms/bluecard at least 24 hours prior to the start of the meeting. You must provide a valid email address in order
to register. Town Staff will email you a link to the Zoom meeting the day of the meeting. After being recognized by the Chair, staff will unmute your
microphone access and you will have 3 minutes to address the Commission. Further instructions regarding remote participation will be included in
the email.
Thank you for your cooperation.
Planning & Zoning Commission Special Session 1.
Meeting Date:08/08/2023
Requested by: Bayer Vella, Community and Economic Development
Case Number: N/A
SUBJECT:
REVIEW AND APPROVAL OF THE JUNE 6, 2023 REGULAR SESSION MEETING MINUTES
RECOMMENDATION:
Staff recommends approval.
EXECUTIVE SUMMARY:
N/A.
BACKGROUND OR DETAILED INFORMATION:
N/A.
FISCAL IMPACT:
N/A.
SUGGESTED MOTION:
I MOVE to approve (approve with changes), the June 6, 2023 regular session meeting minutes.
Attachments
6-6-2023 Draft Minutes
D R A F T
MINUTES
ORO VALLEY PLANNING AND ZONING COMMISSION
REGULAR SESSION
June 6, 2023
ORO VALLEY COUNCIL CHAMBERS
11000 N. LA CAÑADA DRIVE
REGULAR SESSION AT OR AFTER 6:00 PM
CALL TO ORDER
Chair Herrington called the meeting to order at 6:00 p.m.
ROLL CALL
Present: Anna Clark, Commissioner
Joe Nichols, Commissioner
Kimberly Outlaw Ryan, Commissioner
Skeet Posey, Commissioner
Phil Zieliniski, Commissioner
Daniel Sturmon, Vice Chair
Jacob Herrington, Chair
Staff Present:Michael Spaeth, Principal Planner
Joe Andrews, Chief Civil Deputy Attorney
Attendees: Melanie Barrett, Council Liaison
PLEDGE OF ALLEGIANCE
Chair Herrington led the Commission and audience in the Pledge of Allegiance.
CALL TO AUDIENCE
There were no speaker requests.
COUNCIL LIAISON COMMENTS
Council Liaison Melanie Barrett provided updates on the Town budget process, capital projects, new Town
manager and Council on summer break in August.
REGULAR SESSION AGENDA
1.REVIEW AND APPROVAL OF THE MAY 2, 2023 REGULAR SESSION MEETING MINUTES
Motion by Vice Chair Daniel Sturmon, seconded by Commissioner Anna Clark to approve the May 2,
Motion by Vice Chair Daniel Sturmon, seconded by Commissioner Anna Clark to approve the May 2,
2023 meeting minutes.
Vote: 7 - 0 Carried
2.PUBLIC HEARING: DISCUSSION AND POSSIBLE ACTION ON TWO ITEMS REGARDING A
PROPOSED 59-LOT DETACHED SINGLE-FAMILY SUBDIVISION SOUTH OF MOORE LOOP
IN-BETWEEN RANCHO VISTOSO BLVD AND EAST KALALAU DRIVE. THE ITEMS INCLUDE:
ITEM A: TYPE 2 GENERAL PLAN AMENDMENT AMENDING THE LAND USE MAP
DESIGNATION FROM SCHOOL TO MEDIUM DENSITY RESIDENTIAL AND OPEN SPACE
(2300042)
ITEM B: RANCHO VISTOSO PLANNED AREA DEVELOPMENT (PAD) AMENDMENT FROM
CULTURAL INSTITUTION TO MEDIUM DENSITY RESIDENTIAL AND OPEN SPACE (2300043)
Senior Planner Kyle Packer provided a presentation that included the following:
- Purpose
- Location Map
- Applicant's proposal
- Parcel history
- Item A: General Plan Amendment
- General Plan Amendment Criteria and Analysis
- Item B: Rancho Vistoso PAD Amendment
- Public Participation
- Design progression through neighborhood meeting process
- Map showing rezoning condition of Lots 2-21 be restricted to single-story only
- General Plan conformance analysis
- Summary and recommendation
Paul Oland with Paradigm Land Design, representing the applicant, provided a presentation that
included the following:
- Background history on the parcel
- Progression of revised site plans
- Floodplain and subdivision design
- View simulations of two-story homes
- Current site plan
- Cross-section view
- Reviewed applicable General Plan policies and how this project meets 87% of those policies
Chair Herrington opened the public hearing.
The following individuals spoke on Agenda item 2:
- Oro Valley resident Dan Leonard (online via Zoom)
- Oro Valley resident Byron Barney
- Oro Valley resident Joe Dailey
- Oro Valley resident Beth Dailey
- Oro Valley resident Gerald Young
- Oro Valley resident Rhonda Valentino
- Oro Valley resident April Hawthorne
Chair Herrington closed the public hearing.
Discussion ensued among the Commission, applicant and staff.
Motion by Commissioner Anna Clark, seconded by Commissioner Kimberly Outlaw Ryan to
recommend approval of the General Plan Amendment from School to Medium Density Residential and
Open Space, based on the finding the request is in conformance with the Your Voice, Our
Future General Plan.
Vote: 7 - 0 Carried
Motion by Commissioner Kimberly Outlaw Ryan, seconded by Vice Chair Daniel Sturmon to
recommend conditional approval of the Rancho Vistoso Planned Area Development Amendment from
Cultural Institution to Medium Density Residential and Open Space, subject to the condition of approval
in Attachment 3, and the additional condition of single story homes in the development, based on the
finding the request is in conformance with all applicable General Plan, Zoning Code and Rancho Vistoso
Planned Area Development requirements, with an additional condition the developer work with Town
staff regarding artwork for screening the water facility.
Vote: 7 - 0 Carried
PLANNING UPDATE (INFORMATIONAL ONLY)
Principal Planner Michael Spaeth provided an update an upcoming neighborhood meeting and the date change
for the next Commission meeting in July.
ADJOURNMENT
Motion by Vice Chair Daniel Sturmon, seconded by Commissioner Anna Clark to adjourn the meeting.
Vote: 7 - 0 Carried
Chair Herrington adjourned the meeting at 7:50 p.m.
I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the regular session of the
Town of Oro Valley Planning and Zoning Commission of Oro Valley, Arizona held on the 6th day of June 2023. I
further certify that the meeting was duly called and held and that a quorum was present.
___________________________
Jeanna Ancona
Senior Office Specialist
Planning & Zoning Commission Special Session 2.
Meeting Date:08/08/2023
Requested by: Bayer Vella, Community and Economic Development
Case Number: 2202232, 2202252, 2202253
SUBJECT:
PUBLIC HEARING: DISCUSSION AND POSSIBLE ACTION REGARDING A PROPOSED 1,649 SQUARE FOOT
DRIVE THROUGH RESTAURANT LOCATED SOUTH OF THE SOUTHWEST CORNER OF LAMBERT LANE
AND LA CANADA DRIVE
ITEM A: CONDITIONAL USE PERMIT (CASE NO. 2202252)
ITEM B: CONCEPTUAL SITE AND LANDSCAPE PLANS AND REVISED MASTER DEVELOPMENT PLAN (CASE
NO. 2202232)
ITEM C: CONCEPTUAL ARCHITECTURE (CASE NO. 2202253)
RECOMMENDATION:
Staff recommends:
Conditional approval of Item A - Conditional Use Permit, subject to the conditions of Attachment 1
Approval of Item B - Conceptual Site and Landscape Plans and Revised Master Development Plan
Approval of Item C - Conceptual Architecture
EXECUTIVE SUMMARY:
The applicant is proposing a 1,649 square foot drive-thru restaurant on a vacant 0.76 acre, commercially zoned
parcel located s outh of the southwest corner of Lambert
Lane and La Cañada Drive as shown on the map to the right.
The property (outlined in blue) is located within the Cañada
Crossroads shopping plaza, which has Neighborhood
Commercial (C-N) zoning. This zoning permits a broad range
of commercial uses, including restaurants. The proposed
drive-thru restaurant use requires three separate but related
applications which must ultimately be approved by Town
Council. The applicant is requesting approval of the
following:
Item A: Conditional Use Permit for a drive-thru use
(Attachment 2)
Item B: Conceptual Site and Landscape Plans and
Revised Master Development Plan (Attachment 3)
Item C: Conceptual Architecture (Attachment 4)
Key considerations of the applicant's request include:
Compatibility with, and potential view impacts to,
surrounding businesses, including Harvest and Caffe
Torino's patios
Drive-thru use, including associated vehicles stacking
screen walls and landscaping
More information is provided in the Background and Detailed Information section of this report.
The applications have been reviewed for conformance with the Oro Valley Zoning Code, and have been found to be
in conformance. Staff recommends conditional approval of Item A, subject to the conditions of Attachment 1, and
approval of Items B and C. Please note that Item A must be recommended for approval in order to recommend
approval of Items B and C, as the site design and architecture are contingent on the Conditional Use Permit.
BACKGROUND OR DETAILED INFORMATION:
A. EXISTING CONDITIONS AND CONTEXT
Land Use Context:
The subject property is designated as Neighborhood
Commercial/Office (Tier 2 Growth Area) in the Your Voice, Our
Future General Plan and is zoned Neighborhood Commercial (C-N).
This zoning permits restaurants as well as retail, office, and other
commercial uses. Drive-thru uses require a conditional use permit.
Site Conditions:
0.76 acres
Graded and vacant pad, with existing parking and landscaping
surrounding
Surrounding development includes the rest of the Cañada
Crossroads shopping plaza, which includes
Vacant standalone pad to the north
Four restaurants, including Breadsmith, Caffe Torino,
Harvest, and Subway
A mix of retail, office, and personal services, including Sun Cleaners, Cañada Hills Dental, Book
Shoppe Too!
Proposed Improvements:
One single-story, 20-foot tall building
(max allowed building height is 25
feet)
Approximately 1,649 square feet in
size
Drive-thru with 8 queuing spaces as
required by Zoning Code
Enhanced screenwall
exceeding Zoning Code
requirements with landscaping
on exterior
32 total parking spaces (26 exist)
2 accessible spaces
Outdoor patio (approximately 500
square feet)
Related Approvals:
1998: Development Agreement for
Cañada Crossroads shopping plaza
Expired in to 2013
1999: Cañada Crossroads Master Development Plan approved
Approved plans for this parcel allow:
25' tall structures
5,950 square foot building
B. DISCUSSION/ANALYSIS
Item A: Conditional Use Permit (CUP)
While restaurants are a permitted use on the subject parcel, the drive-thru component requires a CUP. All CUP
applications are reviewed for conformance with specific criteria in the Zoning Code to ensure the use is appropriate
on a particular site, and all potential impacts have been mitigated. These criteria are provided below in italics with
both the applicant and staff response.
1. That the granting of such conditional use permit will not be materially detrimental to the public health, safety, or
welfare. In arriving at this determination, the factors which shall be considered shall include the following:
a. Damage or nuisance arising from noise, smoke, odor, dust, vibration or illumination;
b. Hazard to persons and property from possible explosion, contamination, fire or flood;
c. Unusual volume or character of traffic.
Applicant Response (full response provided inAttachment 2, the section below is a direct quote, but makes
omissions):
A. Noise: The noise generated by the proposed Tropical Smoothie Cafe will be minimal. . . The assessment
concluded that noise associated with the Tropical Smoothie Drive-thru speaker during daytime hours were found to
decrease faster than and fall below the roadway noise levels at the nearest residential properties. During nighttime
hours, the assessment concluded the sound pressure levels were found to meet the limits specified in the town of
Oro Valley Zoning Code at Table 25-1.A.
Smoke: Tropical Smoothie does not employ the use of an exhaust hood and produces no smoke.
Odor: The Project's food offerings of smoothies, sandwiches, and salads do not generate exterior odors. Since The
Project will not use an exhaust hood system, odors will be minimal at most.
Dust: The use will not involve any activities that create dust.
Vibration: The use will not involve any activities that create vibration.
Illumunination: The Project will have minimal additional lighting, consisting of the interior lights and the exterior lights
on the building, which must be shielded in accordance with the Town Outdoor Lighting Ordinance. Two light poles
already exist on the subject parcel, which will remain. The existing Canada Crossroads commercial buildings and
the existing screen wall around the southern perimeter of Canada Crossroads will block the view of The Project
from the residential lots within the Rancho Feliz subdivision to the south.
B. The use will not pose any hazards to persons or property relating to possible explosions, contamination, fire, or
flood.
C. The Project's traffic will come mostly from La Canada drive, a major street with ample capacity for the proposed
traffic. . . In addition, the traffic generated by The Project will not be of unusual volume or character. The Traffic
Impact Statement prepared for The Project by Greenlight Traffic Engineering concluded that The Project is not
expected to have a significant impact to the surrounding roadway infrastructure and there are no sight-distance
concerns at the existing project driveyways. . .
For this case, an existing Tropical Smoothie Cafe, located in Tucson at Houghton Town Center (Houghton Road at
Old Vail Road), has the same building model and same franchisee/operator as The Project. The franchisee
provided data regarding the drive-thru volume at that location. The peak business hours of the restaurant are
between 11:00am and 1:00pm, with 11:00am to 12:00pm being the typical peak hour. The busiest day occurred in
May 2021, with a peak hour of approximately 26 entering vehicles. The typical peak hour maximum number of
vehicles in the drive-thru queue is 6-7 vehicles. Vehicles typically complete the entire drive-thru transaction within
approximately 2 minutes. Based on the data provided, the provision of queuing space for at least 7 vehicles in the
drive-thru lane should be provided. The design of The Project provides a lane that can accommodate 8 vehicles
with 4 queued for the ordering speaker and 4 queued between the speaker and the pick-up window.
Staff Response
A. The applicant submitted a Noise Impact Study (Attachment 2) with the CUP application to evaluate potential
noise impacts from the order kiosk. The kiosk is located at the southwest portion of the site and is oriented away
from adjacent residential properties and the majority of restaurant patios within the commercial plaza. The Noise
Impact Study demonstrates the order kiosk complies with Zoning Code standards.
During the building permit process, an Odor Abatement Plan will be required for the restaurant to ensure there will
be no negative impacts from odor. The drive-thru will not generate smoke, dust, or vibration, and all outdoor lighting
must comply with Zoning Code requirements.
B. The proposed drive-thru poses no hazards related to possible explosion, contamination, fire or flood.
C. A traffic impact statement (Attachment 2) was performed by the applicant's Traffic Engineer and reviewed by
the Town Engineer's office. The statement verified the proposed project will not cause unusual volume or character
of traffic.
Per Zoning Code requirements, the "length of vehicle queuing to order/menu boards and/or pickup windows shall
be determined by using drive-thru volume data from similar businesses in locations with corresponding site design
and traffic characteristics as determined by the Planning and Zoning Administrator and Town Engineer". As the
applicant has provided data stating peak volume is 7 vehicles, Town staff are requiring 8 queuing spaces; with 4
queued for the ordering speaker and 4 queued between the speaker and the pick-up window, consistent with other
Tropical Smoothie locations in the Tucson region.
The request is consistent with this criterion.
2. That the characteristics of the proposed use are reasonably compatible with the types of uses permitted in the
surrounding area and sufficient mitigation measures are employed to minimize impact on adjoining properties.
Applicant Response (full response withinAttachment 2, the section below is a direct quote, but makes omissions):
Compatibility: The characteristics of The Project are compatible with uses permitted in the surrounding area. The
Canada Crossroads development is zoned C-N throughout and the properties in the vicinity north of Lambert Lane
and east of La Canada Drive. . . Businesses within Canada Crossroads include restaurants, hair and nail salons
and various offices. . . The mitigation measures that will be employed to minimize the impact of The Project on
adjacent properties will include a minimum three and one-half feet tall opaque screen wall around the perimeter of
the drive-thru lane with landscaping along the exterior side of the screen wall. . .Enhancements that exceed the
minimums standards for drive-thru land screening and landscaping will be provided at key points between the
Tropical Smoothie and the adjacent Harvest restaurant patio as well as at the drive-up window. Namely, the screen
wall will be supplemented with a vegetation trellis that extends three feet above the screen wall height. Additionally,
the screen wall height will be increased to four and one-half feet around the 90-degree turn in the drive-thru lane.
Staff Response:
The proposed use is compatible with the surrounding area, which includes a mix of residential and commercial
uses. The noise assessment concluded that noise associated with the Tropical Smoothie Drive-thru speaker during
daytime hours was found to decrease faster than and fall below the roadway noise levels at the nearest residential
properties. During nighttime hours, the sound pressure levels were found to meet the limits specified in the Zoning
Code. Mitigation measures have been incorporated into the screen wall (Attachment 2) and enhanced landscaping
has been provided near the Harvest restaurant patio. The location of existing shopping center buildings, hillsides,
and bufferyard walls separates this proposed development from residential uses both visually and acoustically.
Architectural elevations have been developed with the specific intent of matching the materials and design of the
existing commercial plaza. These factors mitigate the potential negative impacts to adjacent properties and create
a development that is compatible with the surrounding area.
The request is consistent with this criterion.
3. That the proposed use is consistent with the goals and policies of the general plan.
Applicant Response (full response withinAttachment 2, the section below is a direct quote, but makes omissions):
The Project-- a drive-thru restaurant within an existing commercial center --is in conformance with the Town's Your
Voice, Our Future General Plan (the "General Plan"). The Property is located within a Tier II Growth Area, which is
a neighborhood-focused commercial area, supported by a variety of residential areas. . .This project was designed
to adhere to the goals and policies of the General Plan.
Staff Response:
Key goals and policies in the Your Voice, Our Future General Plan that relate to this application are listed below.
Please see Attachment 2 for the applicant's response to all General Plan goals and policies that related to this
proposal.
Community Goal 3.4.D: A community with a wide range of services, amenities, shopping and dining
opportunities and housing types that meet the needs of current and future residents.
Development Goal 5.4.X: Effective transitions between differing land uses and intensities in the community.
Policy LU.5: Provide diverse land uses that meet the Town's overall needs and effectively transition in scale
and density adjacent to neighborhoods.
Policy LU.9: Promote the design of cohesive developments that enhance and promote the pedestrian
experience.
This request is consistent with the Your Voice, Our Future General Plan.
4. That the hours of operation of the proposed use will not adversely impact neighboring properties.
Applicant Response (full response withinAttachment 2, the section below is a direct quote, but makes omissions):
The hours of operation for The Project will be from 6am to 10pm daily. The hours of operation will have no negative
impact on immediately adjacent properties because they all consist of other commercial businesses within the
Canada Crossroads Shopping Center. . .the Noise Assessment conducted for The Project concluded that noise
levels anticipated at the nearest residential lots, day or night, are within acceptable levels per Town Code and are
less than the La Canada Dr. roadway noise during daytime hours.
Staff Response:
C-N zoning limits the hours of delivery and service, including drive-thru service, from 6am to 9pm. The applicant is
requesting to extend these hours to allow service from 6am to 10pm. The Noise Impact Study has demonstrated
the order kiosk will meet required noise levels at all hours, and that the hours of operation will not adversely impact
neighboring properties.
The request is consistent with this criterion.
Convenience Use Criteria
Another component of the applicant's request is related to the distance between the drive-thru and adjacent
residential properties. The Zoning Code requires drive-thru's to be "a minimum of two hundred fifty (250) feet from
any property used or intended for residential purpose." This distance is measured from the property line of the
drive-thru use to the nearest residential used or intended property line. The Zoning Code allows for a reduction in
this requirement "by Town Council when major barriers exist to mitigate impacts on adjacent residential, public park
or school properties." The applicant is requesting a reduction from 250 feet to 185 feet (to the south). The residential
properties to the south are screened by existing buildings, a hillside, and screen wall. All of these factors together
represent "major barriers" and make the reduction of the required 250-foot distance appropriate for this specific
development.
Item B: Conceptual Site and Landscape Plans and Revised Master Development Plan
The proposed development requires approval of a Conceptual Site Plan, Conceptual Landscape Plan, and Revised
Master Development Plan by Town Council. The Conceptual Site Plan (Attachment 3) includes:
1,649 square foot restaurant building
20 foot height (max permitted height 25 feet)
Outdoor patio
Drive-thru with queuing for 8 cars
Enhanced screen wall and landscaping
32 parking spaces (6 new spaces)
2 accessible spaces, and bicycle parking
Trash and loading served through the shopping plaza's existing service areas
Pedestrian access connections throughout the site
Conceptual Site Plan
Conceptual Site Plans are reviewed for their conformance with the Design Principles and applicable Design
Standards in the Zoning Code. The Conceptual Site Plan is in conformance with applicable Conceptual Site Design
Principles and Standards. Following are Design Principles in italics, followed by staff analysis.
Conceptual Site Design Principles, Section 22.9.E.3.b.iii
Building Orientation: The location, orientation and zine of structures shall promote a complementary relationship of
structures to one another.
Staff Response: The proposed drive-thru restaurant has been located as far southeast on the lot as possible to
better preserve and protect the views of the mountains of the existing restaurants and patios.
Drainage/Grading: Site grading shall minimize impacts on natural grade and landforms and provide for subtle
transitions of architectural elements to grade. Significant cuts and fills in relation to natural grade shall be avoided or
minimized to the extend practical given property constraints.
Staff Response: This project is proposed on a pre-graded pad that has been vacant for 20 years. As such, minimal
grading will need to occur.
Connectivity: Strengthen the usability and connectivity of the pedestrian environment internally and externally by
enhancing access to the public street system, transit, adjoining development and pedestrian and bicycle
transportation routes. Where appropriate, buildings and uses should provide access to adjacent open space and
recreational areas.
Staff Response: This project includes three new crosswalks that connect the project's sidewalks, which include
landscaping, benches and patio seating, to the rest of the shopping plaza, as well as external sidewalks on La
Canada Drive.
Conceptual Landscape Plan
The Conceptual Landscape Plan (Attachment 3) meets all Town Zoning Code requirements as detailed below:
Existing bufferyard and vegetation on the east of the parcel will be maintained
Landscaping provided around screen wall
Enhanced landscaping provided on west side of parcel (nearest to the Harvest restaurant patio)
Trees in this area will have a low mature height to ensure views of mountains are minimally impacted
Item C: Conceptual Architecture
The applicant's conceptual architecture submittal (elevations shown below) for the proposed restaurant can be
found in Attachment 4.
Below are noteworthy design principles in italics followed by staff commentary.
Section 22.9.E.7.b.iii.2: Building scale, height and mass shall be consistent with the Town-approved intensity of the
site, designated scenic corridors, and valued mountain views. Buildings shall be designed to respect the scale of
adjoining areas and should mitigate the negative and functional impacts that arise from scale, bulk, and mass.
The height of the proposed restaurant is 20 feet, 5 feet lower than allowed by the existing master development plan.
Additionally, the building is proposed to be 1,649 square feet, where the approved plan shows a 5,950 square foot
building. This is an approximately 72% decrease in size, meaning adjacent businesses views of the mountains will
be significantly less impacted compared to what could be built on this parcel per the approved Master Development
Plan.
Section 22.9.E.7.b.iii.3: All building facades shall be fully articulated, including variation in building massing, roof
planes, wall planes, and surface articulation. Architectural elements including, but not limited to, overhands,
trellises, projections, awnings, insets, material, and texture shall be used to create visual interest that contributes to
a building's character.
This building achieves four-sided articulation and design, with varied roof and wall planes despite its small size.
Further material, texture, and color differences support the visual interest of the building while maintaining
congruency with the surrounding plaza. Lastly, the design has utilized the approved colors and materials of the
commercial center.
Section 22.9.E.7.b.iii.4: Building design and screening strategies shall be implemented to conceal the view of
loading areas, refuse enclosures, mechanical equipment, appurtenances, and utilities from adjacent public streets
and neighborhoods.
This development will utilize existing trash enclosures and loading areas within the Canada Crossroads commercial
plaza and has included parapet walls to ensure rooftop mechanical equipment is fully screened. Additionally, the
drive-thru use is screened through enhanced screen walls and vegetation to address visual impacts for adjacent
commercial structures to the east and south of the proposed development.
Design Standards Analysis
The proposed building is in conformance with the Design Standards found in Addendum A of the Town Zoning
Code by providing four sided architecture, articulated facades, varied rooflines with the use of parapets, and a
varied material and color pallette consistent with the surrounding area.
The mass of the proposed building is also minimized by using varied wall planes and rooflines and the use of
different materials, such as CMU block and stucco, that provide variety of texture. The design of the building
complements the existing shopping plaza and was design to closely match.
C. PUBLIC PARTICIPATION
Two neighborhood meetings were held for this proposal. A combined summary is provided in Attachment 5. Key
concerns identified during these meetings included:
Views from the Harvest restaurant's patio
Compatibility of the drive-thru use with the overall plaza
Based on these concerns and meetings, the applicant revised the plan. Changes include:
Moving the structure as far to the southeast of the parcel as possible
Enhancing the design of the drive-thru screen wall
Providing additional landscaping near Harvest
Specifying that trees with lower heights at maturity be used in this area, per the Harvest
restaurant-owner's request
Additionally, correspondence was received from a number of sources, and has been compiled in Attachment 6.
Summary of Public Notice
Public notice has been provided:
Postcard to all property owners in 600 feet
Mailing to all affected Homeowners Associations
Posting on property
Posting at Town Hall and on website
Notice in the Daily Territorial
D. SUMMARY AND RECOMMENDATION
In summary, the applicant is requesting approval of three separate but related applications for a new drive-thru
restaurant use. Mitigation measures have been incorporated in to the site design to reduce the impacts of the
drive-thru to adjacent neighbors and properties.
Staff has reviewed the applicant's requests for compliance with the Zoning Code and finds that the proposal meets
all applicable zoning requirements. As such, staff recommends conditional approval of Item A, and approval of
Items B and C. Please note that Item A must be recommended for approval in order to recommend approval of
Items B and C, as the site design and architecture are contingent on the Conditional Use Permit.
FISCAL IMPACT:
N/A
SUGGESTED MOTION:
The Planning and Zoning Commission may consider the following suggested motions:
ITEM A - CONDITIONAL USE PERMIT
I MOVE to recommend conditional approval of the Conditional Use Permit for the proposed 1,649 square foot
drive-thru restaurant located south of the southwest corner of Lambert Lane and La Cañada Drive, subject to the
conditions of Attachment 1, based on the finding that the request complies with all Zoning Code criteria.
OR
I MOVE to recommend denial of the Conditional Use Permit for the proposed 1,649 square foot drive-thru
restaurant located south of the southwest corner of Lambert Lane and La Cañada Dr, based on the finding that
____________.
ITEM B - CONCEPTUAL SITE AND LANDSCAPE PLANS AND REVISED MASTER DEVELOPMENT PLAN
I MOVE to recommend approval of the Conceptual Site and Landscape Plan and Revised Master Development
Plan for the proposed 1,649 square foot drive-thru restaurant located south of the southwest corner of Lambert
Lane and La Cañada Dr, based on the finding that the proposal complies with all Zoning Code criteria.
OR
I MOVE to recommend denial of the Conceptual Site and Landscape Plan and Revised Master Development Plan
for the proposed 1,649 square foot drive-thru restaurant located south of the southwest corner of Lambert Lane and
La Cañada Dr, based on the finding that ____________.
ITEM C - CONCEPTUAL ARCHITECTURE
I MOVE to recommend approval of the Conceptual Architecture for the proposed 1,649 square foot drive-thru
restaurant located south of the southwest corner of Lambert Lane and La Cañada Drive, based on the finding that
the request complies with all applicable Zoning Code criteria.
OR
I MOVE to recommend denial of the Conceptual Architecture for the proposed 1,649 square foot drive-thru
restaurant located south of the southwest corner of Lambert Lane and La Cañada Dr, based on the finding that
____________.
Attachments
Attachment 1 - Conditions of Approval
Attachment 2 - Conditional Use Permit
Attachment 3 - Development Package
Attachment 4 - Conceptual Architecture
Attachment 5 - Neighborhood Meetings Summary
Attachment 6 - Public Correspondence
Attachment 1
Conditions of Approval
Tropical Smoothie Drive-Thru Conditional Use Permit (22002252)
1. An automatic gain control must be installed as part of the menu board speaker to
prevent any inadvertent increase in noise decibels that exceed Zoning Code
standards.
2. Noise thresholds may not exceed the levels established in the Noise Impact
Study.
3. Hours of operation for the drive-thru limited to 6am to 10pm.
4. No signage copy on the west side of the subject pad may be visible from on -site
properties to the west.
5. No drive-thru signage copy may be visible to on-site properties to the south. The
menu-board shall be oriented and screened by screen wall and landscaping as
depicted on site plan dated July 2023.
6. A small tree species with low mature canopy will be selected for all trees north of
the building to protect mountain views as seen from the restaurant patio to the
northwest of this project.
Dynamic
Civil Designs LLC
10(/320(1(:$<78&621$=
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^ƉĞĐŝĨŝĐ^ĞƚďĂĐŬZĞĚƵĐƚŝŽŶZĞƋƵŝƌĞĚ͕͟ďĞůŽǁ͘
Ğ͘ dŚĞƐƚĂŶĚĂƌĚƐƉĞĐŝĨŝĞƐƚŚĂƚŽŶǀĞŶŝĞŶĐĞhƐĞƐƐŚĂůůďĞĂŶĐŝůůĂƌLJƚŽĂŶĚůŽĐĂƚĞĚŝŶ^ŚŽƉƉŝŶŐ
ĞŶƚĞƌ͕KĨĨŝĐĞWĂƌŬƐ͕ŽƌĂĐŽŵďŝŶĂƚŝŽŶŽĨĂƐŚŽƉƉŝŶŐĐĞŶƚĞƌĂŶĚŽĨĨŝĐĞƉĂƌŬ͘dŚĞƐƵďũĞĐƚ
ƉĂƌĐĞůůŽĐĂƚŝŽŶĐŽŶĨŽƌŵƐƚŽƚŚĞƐƚĂŶĚĂƌĚĂƐŝƚŝƐůŽĐĂƚĞĚǁŝƚŚŝŶƚŚĞĂŶĂĚĂƌŽƐƐƌŽĂĚƐ
^ŚŽƉƉŝŶŐĞŶƚĞƌ͘
x KsZϮϱ͘ϭ͘͘ϲ͘Ă͘ŝŝʹEƵŵďĞƌŽĨŽŶǀĞŶŝĞŶĐĞhƐĞƐƉĞƌĞŶƚĞƌ
dŚĞƐƚĂŶĚĂƌĚƐƉĞĐŝĨŝĞƐƚŚĂƚƚŚĞƚŽƚĂůŶƵŵďĞƌŽĨŽŶǀĞŶŝĞŶĐĞhƐĞƐƐŚĂůůŶŽƚĞdžĐĞĞĚŽŶĞƉĞƌĞĂĐŚ
ϰ͘ϱĂĐƌĞƐŽĨƐŚŽƉƉŝŶŐĐĞŶƚĞƌŽƌŽĨĨŝĐĞƉĂƌŬ͘dŚĞƚŽƚĂůůĂŶĚĂƌĞĂŽĨĂŶĂĚĂƌŽƐƐƌŽĂĚƐŝƐϭϬ͘ϭϲ
ĂĐƌĞƐŝŶĐůƵĚŝŶŐƚŚĞǁĞƐƚĞƌůLJϰ͘ϬϵĂĐƌĞƐŽĨůĂŶĚƚŚĂƚǁĂƐĐŽŶǀĞLJĞĚƚŽƚŚĞdŽǁŶŽĨKƌŽsĂůůĞLJĨŽƌ
ƉĞƌƉĞƚƵĂůŶĂƚƵƌĂůŽƉĞŶƐƉĂĐĞƉƵƌƐƵĂŶƚƚŽdŚĞĞǀĞůŽƉŵĞŶƚŐƌĞĞŵĞŶƚ͘dŚĞŝŶĐůƵƐŝŽŶŽĨƚŚĞ
ϰ͘ϬϵĂĐƌĞƐŝŶƐƵĐŚĐĂůĐƵůĂƚŝŽŶƐŝƐƉĞƌŵŝƐƐŝďůĞĂĐĐŽƌĚŝŶŐƚŽ^ĞĐƚŝŽŶϰ͘ϰŽĨdŚĞĞǀĞůŽƉŵĞŶƚ
ŐƌĞĞŵĞŶƚ͘dŚĞƌĞĨŽƌĞ͕ƚǁŽŽŶǀĞŶŝĞŶĐĞhƐĞƐǁŝƚŚŝŶĂŶĂĚĂƌŽƐƐƌŽĂĚƐŝƐƚŚĞŵĂdžŝŵƵŵƚŚĂƚ
ǁŝůůĐŽŶĨŽƌŵƚŽƚŚĞƐƚĂŶĚĂƌĚĂŶĚdŚĞWƌŽũĞĐƚǁŝůůĐŽŶĨŽƌŵ͘dŚĞƐƚĂŶĚĂƌĚĂůƐŽƐƉĞĐŝĨŝĞƐƚŚĂƚŶŽ
ŵŽƌĞƚŚĂŶŽŶĞĚƌŝǀĞͲŝŶ͕ĚƌŝǀĞͲƚŚƌŽƵŐŚ͕ŐĂƐƐƚĂƚŝŽŶ͕ŽƌĐŽŶǀĞŶŝĞŶĐĞƵƐĞƐŚĂůůďĞƉĞƌŵŝƚƚĞĚĨŽƌ
ĞǀĞƌLJϵĂĐƌĞƐŽĨŽĨĨŝĐĞƉĂƌŬ͘dŚĂƚƉĂƌƚŽĨƚŚĞƐƚĂŶĚĂƌĚŝƐŶŽƚĂƉƉůŝĐĂďůĞƐŝŶĐĞĂŶĂĚĂƌŽƐƐƌŽĂĚƐ
ŝƐĂƐŚŽƉƉŝŶŐĐĞŶƚĞƌ͕ŶŽƚĂŶŽĨĨŝĐĞƉĂƌŬ͘
x KsZϮϱ͘ϭ͘͘ϲ͘Ă͘ŝŝŝʹĐĐĞƐƐ
Ă͘ dŚĞƐƚĂŶĚĂƌĚƐƚĂƚĞƐƚŚĂƚŶŽĐŽŶǀĞŶŝĞŶĐĞƵƐĞƐŚĂůůŚĂǀĞĚŝƌĞĐƚǀĞŚŝĐƵůĂƌĂĐĐĞƐƐŽŶƚŽĂŶLJ
ƐƚƌĞĞƚǁŚŝĐŚƉƌŽǀŝĚĞĚĂůŽǁĞƌůĞǀĞůŽĨƐĞƌǀŝĐĞƚŚĂŶĂĐŽůůĞĐƚŽƌƐƚƌĞĞƚ͘dŚĞĂĐĐĞƐƐƚŽdŚĞ
WĂŐĞϯŽĨϭϭ
WƌŽũĞĐƚŝƐŝŶƚĞƌŶĂůƚŽƚŚĞĂŶĂĚĂƌŽƐƐƌŽĂĚƐĞŶƚĞƌ͘dŚĞĂĐĐĞƐƐƉŽŝŶƚƐŝŶƚŽdŚĞĞŶƚĞƌĂƌĞ
ĨƌŽŵ>ĂŵďĞƌƚ>ĂŶĞĂŶĚ>ĂĂŶĂĚĂƌŝǀĞ͕ďŽƚŚŽĨǁŚŝĐŚĂƌĞĂƌƚĞƌŝĂůƐƚƌĞĞƚƐ͘
ď͘ dŚĞƐƚĂŶĚĂƌĚƐƉĞĐŝĨŝĞƐƚŚĂƚĂůůĐŽŶǀĞŶŝĞŶĐĞƵƐĞƐƐŚĂůůďĞĂĐĐĞƐƐĞĚƚŚƌŽƵŐŚĂĐŽŵŵŽŶ
ĚƌŝǀĞǁĂLJƐĞƌǀŝŶŐƚŚĞĐĞŶƚĞƌŽƌŽĨĨŝĐĞƉĂƌŬ͘dŚĞĂŶĂĚĂƌŽƐƐƌŽĂĚƐĞŶƚĞƌŚĂƐƚŚƌĞĞ
ĚƌŝǀĞǁĂLJƐ͕ŽŶĞĨƌŽŵ>ĂŵďĞƌƚ>ĂŶĞ͕ĂŶĚƚǁŽĨƌŽŵ>ĂĂŶĂĚĂƌŝǀĞ͕ĂůůŽĨǁŚŝĐŚĂƌĞĐŽŵŵŽŶ
ĚƌŝǀĞǁĂLJƐŝŶƚŽdŚĞĞŶƚĞƌ͘dŚĞWƌŽũĞĐƚǁŝůůŶŽƚƉƌŽƉŽƐĞĂŶLJŶĞǁĚŝƌĞĐƚĂĐĐĞƐƐĚƌŝǀĞǁĂLJƐƚŽ
ƚŚĞƉƵďůŝĐƌŽĂĚǁĂLJƐ͘
Đ͘ dŚĞƐƚĂŶĚĂƌĚƌĞƋƵŝƌĞƐƚŚĂƚĐŽŶǀĞŶŝĞŶĐĞƵƐĞƐƉƌŽǀŝĚĞĂĐĐĞƐƐƉŽŝŶƚƐƚŽƚŚĞŝŶƚĞƌŶĂů
ĐŝƌĐƵůĂƚŝŽŶĚƌŝǀĞǁĂLJƐĂŶĚƉĂƌŬŝŶŐĂƌĞĂƐŽĨƚŚĞĐĞŶƚĞƌ͘dŚĞWƌŽũĞĐƚƉƌŽƉŽƐĞĚĐŽŶĨŽƌŵƐƚŽƚŚĞ
ƐƚĂŶĚĂƌĚƐŝŶĐĞŝƚŝƐƐŝƚƵĂƚĞĚŝŶƚĞƌŝŽƌƚŽƚŚĞƉĂƌŬŝŶŐůŽƚŽĨdŚĞĞŶƚĞƌǁŝƚŚŽƵƚĂŶLJĂĐĐĞƐƐ
ƌĞƐƚƌŝĐƚŝŽŶƐƚŽƚŚĞƉĂƌŬŝŶŐĂƌĞĂĂĐĐĞƐƐůĂŶĞƐǁŝƚŚŝŶdŚĞĞŶƚĞƌ͘dŚĞĚƌŝǀĞͲƚŚƌŽƵŐŚůĂŶĞĞŶƚƌLJ
ĂŶĚĞdžŝƚƉŽŝŶƚƐƉƌŽƉŽƐĞĚǁŝůůĂůƐŽďĞĚŝƌĞĐƚĞĚĐŽŶŶĞĐƚĞĚƚŽƚŚĞƚƌĂǀĞůǁĂLJƐǁŝƚŚŝŶdŚĞ
ĞŶƚĞƌ͘
x KsZϮϱ͘ϭ͘͘ϲ͘Ă͘ŝǀʹdŝŵŝŶŐŽĨĞǀĞůŽƉŵĞŶƚ
dŚĞƐƚĂŶĚĂƌĚƉƌŽŚŝďŝƚƐĂĐŽŶǀĞŶŝĞŶĐĞƵƐĞĨƌŽŵŽƉĞŶŝŶŐĨŽƌďƵƐŝŶĞƐƐƵŶƚŝůĂŵŝŶŝŵƵŵŽĨϱϬйŽĨ
ƚŚĞŶĞƚĨůŽŽƌĂƌĞĂĨŽƌƚŚĞŶŽŶͲĐŽŶǀĞŶŝĞŶĐĞƵƐĞƐƚƌƵĐƚƵƌĞƐǁŝƚŚŝŶƚŚĞƐŚŽƉƉŝŶŐĐĞŶƚĞƌŚĂǀĞďĞĞŶ
ĐŽŶƐƚƌƵĐƚĞĚ͘/ŶƚŚĞĐĂƐĞŽĨĂŶĂĚĂƌŽƐƐƌŽĂĚƐ͕ƚŚĞƐƚĂŶĚĂƌĚŝƐŵĞƚ͘dŚĞƌĞĂƌĞƚǁŽďƵŝůĚŝŶŐƉĂĚƐ
ĐƵƌƌĞŶƚůLJǀĂĐĂŶƚ͕ƚŚĞŽŶĞŽŶWĂĚηϭĂŶĚƚŚĞŽŶĞŽŶWĂĚηϮͲƚŚĞƐƵďũĞĐƚůŽƚ͘/ĨĨƵƚƵƌĞ
ĚĞǀĞůŽƉŵĞŶƚŽĨWĂĚηϭĐŽŶƐŝƐƚƐŽĨĂŶŽƚŚĞƌĐŽŶǀĞŶŝĞŶĐĞƵƐĞ͕ƚŚĞĞdžŝƐƚŝŶŐďƵŝůĚŝŶŐƐŝŶdŚĞĞŶƚĞƌ
ǁŽƵůĚĐŽŶƐƚŝƚƵƚĞϭϬϬйŽĨƚŚĞŶŽŶͲĐŽŶǀĞŶŝĞŶĐĞƵƐĞƐƚƌƵĐƚƵƌĞƐ͘/ĨŝŶƐƚĞĂĚ͕ĨƵƚƵƌĞĚĞǀĞůŽƉŵĞŶƚŽĨ
WĂĚηϭĐŽŶƐŝƐƚƐŽĨĂŶŽŶͲĐŽŶǀĞŶŝĞŶĐĞƵƐĞ͕ƚŚĞĞdžŝƐƚŝŶŐďƵŝůĚŝŶŐƐǁŝƚŚŝŶdŚĞĞŶƚĞƌǁŝůů
ĐŽŶƐƚŝƚƵƚĞϴϯ͘ϰйŽĨƚŚĞƚŽƚĂůŶŽŶͲĐŽŶǀĞŶŝĞŶĐĞƵƐĞďƵŝůĚŝŶŐƐ͘dŚĞďƵŝůĚŝŶŐĂƌĞĂƐƵƐĞĚĨŽƌƚŚŝƐ
ĐĂůĐƵůĂƚŝŽŶĂƌĞ͗
WĂĚηϭʹ&ƵƚƵƌĞϱ͕ϮϬϬ^&ŵĂdž͘ƉĞƌĞǀĞůŽƉŵĞŶƚWůĂŶKsϭϮͲϵϴͲϭϮ
WĂĚηϮʹϭ͕ϲϰϵ^&ʹdŚŝƐWƌŽũĞĐƚ;dƌŽƉŝĐĂů^ŵŽŽƚŚŝĞŽŶǀĞŶŝĞŶĐĞhƐĞͿ
WĂĚηϯʹϴ͕ϳϯϱ^&ʹdžŝƐƚŝŶŐǁĞƐƚĞƌůLJďƵŝůĚŝŶŐ;ŶŽŶͲĐŽŶǀĞŶŝĞŶĐĞƵƐĞͿ
WĂĚηϰʹϭϳ͕ϰϭϮ^&ʹdžŝƐƚŝŶŐƐŽƵƚŚĞƌůLJďƵŝůĚŝŶŐ;ŶŽŶͲĐŽŶǀĞŶŝĞŶĐĞƵƐĞͿ
dŚĞƉƌŽƉŽƐĞĚŽŶǀĞŶŝĞŶĐĞhƐĞŝƐĂůƐŽƐƵďũĞĐƚƚŽƚŚĞƐƚĂŶĚĂƌĚƐĨŽƌ͞ƌŝǀĞͲƚŚƌƵhƐĞƐ͕EŽƚŝŶĐůƵĚŝŶŐ
ĂŶŬƐ͟ůŝƐƚĞĚŝŶKsZϮϱ͘ϭ͘͘ϴ͕ƐƵďͲƐĞĐƚŝŽŶƐĂƚŚƌƵĚ͘ŽŵƉůŝĂŶĐĞǁŝƚŚƚŚŽƐĞƐƵďͲƐĞĐƚŝŽŶƐŝƐĂƐĨŽůůŽǁƐ͗
x KsZϮϱ͘ϭ͘͘ϴ͘Ă
dŚĞƐƚĂŶĚĂƌĚƌĞŝƚĞƌĂƚĞƐƚŚĞĂƉƉůŝĐĂďŝůŝƚLJŽĨƚŚŽƐĞƐƚĂŶĚĂƌĚƐĚŝƐĐƵƐƐĞĚĂďŽǀĞĨƌŽŵKsZ
Ϯϱ͘ϭ͘͘ϲʹŽŶǀĞŶŝĞŶĐĞhƐĞƐ͘dŚĞƐƚĂŶĚĂƌĚĂůƐŽƐƚĂƚĞƐƚŚĂƚĚƌŝǀĞͲƚŚƌƵƵƐĞƐĂƌĞƐƵďũĞĐƚƚŽƚŚĞ
EŽŝƐĞƌĞƐƚƌŝĐƚŝŽŶƐŽĨKsZϮϱ͘ϭ͘͘ϯ͕ǁŚŝĐŚƌĞƋƵŝƌĞƐĂEŽŝƐĞ/ŵƉĂĐƚ^ƚƵĚLJĨŽƌdŚĞWƌŽũĞĐƚ͘
/ŶĐůƵĚĞĚĂƐĂŶĂƚƚĂĐŚŵĞŶƚ͕ǁĞĂƌĞŝŶĐůƵĚŝŶŐĂEŽŝƐĞƐƐĞƐƐŵĞŶƚƌĞƉŽƌƚƉƌĞƉĂƌĞĚďLJ^ƉĞŶĚŝĂƌŝĂŶ
ΘtŝůůŝƐĐŽƵƐƚŝĐƐΘEŽŝƐĞŽŶƚƌŽů>>ŝŶĐŽŶĨŽƌŵĂŶĐĞǁŝƚŚƚŚĞKsZϮϱ͘ϭ͘͘ϯŶŽŝƐĞƐƚĂŶĚĂƌĚƐ͘
dŚĞĂƐƐĞƐƐŵĞŶƚĐŽŶĐůƵĚĞĚƚŚĂƚŶŽŝƐĞĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞdƌŽƉŝĐĂů^ŵŽŽƚŚŝĞƌŝǀĞͲƚŚƌƵƐƉĞĂŬĞƌ
ĚƵƌŝŶŐĚĂLJƚŝŵĞŚŽƵƌƐǁĞƌĞĨŽƵŶĚƚŽĚĞĐƌĞĂƐĞĨĂƐƚĞƌƚŚĂŶĂŶĚĨĂůůďĞůŽǁƚŚĞƌŽĂĚǁĂLJŶŽŝƐĞ
ůĞǀĞůƐĂƚƚŚĞŶĞĂƌĞƐƚƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐ͘ƵƌŝŶŐŶŝŐŚƚƚŝŵĞŚŽƵƌƐ͕ƚŚĞĂƐƐĞƐƐŵĞŶƚĐŽŶĐůƵĚĞĚ
ƚŚĞƐŽƵŶĚƉƌĞƐƐƵƌĞůĞǀĞůƐǁĞƌĞĨŽƵŶĚƚŽŵĞĞƚƚŚĞůŝŵŝƚƐƐƉĞĐŝĨŝĞĚŝŶƚŚĞdŽǁŶŽĨKƌŽsĂůůĞLJ
ŽŶŝŶŐŽĚĞĂƚdĂďůĞϮϱͲϭ͘͘
x KsZϮϱ͘ϭ͘͘ϴ͘ď
dŚĞƐƚĂŶĚĂƌĚƐƚĂƚĞƐƚŚĂƚƚŚĞĚƌŝǀĞͲƚŚƌƵƵƐĞƐŚĂůůŶŽƚďĞǀŝƐŝďůĞĨƌŽŵĂŶLJƉƵďůŝĐƌŽĂĚǁĂLJŽƌĂŶLJ
ƉƌŽƉĞƌƚLJƵƐĞĚŽƌŝŶƚĞŶĚĞĚĨŽƌƌĞƐŝĚĞŶƚŝĂůƉƵƌƉŽƐĞƐ͘dŚĞWƌŽũĞĐƚǁŝůůďĞƐĐƌĞĞŶĞĚĨƌŽŵ>ĂĂŶĂĚĂ
ƌŝǀĞďLJĞdžŝƐƚŝŶŐƐĐƌĞĞŶŝŶŐĂŶĚůĂŶĚƐĐĂƉŝŶŐƚŚĂƚǁĂƐƉĂƌƚŽĨƚŚĞĂŶĂĚĂƌŽƐƐƌŽĂĚƐƉŚĂƐĞϭ
ĚĞǀĞůŽƉŵĞŶƚ͘dŚĞĞŶƚĞƌŝŶĐůƵĚĞƐƐĐƌĞĞŶŝŶŐĂůŽŶŐ>ĂĂŶĂĚĂƌŝǀĞ͕ŝŶƚŚĞĨŽƌŵŽĨĂĚĞĐŽƌĂƚŝǀĞ
WĂŐĞϰŽĨϭϭ
ŵĂƐŽŶƌLJǁĂůůƚŚĂƚŝŶĐůƵĚĞƐdŚĞĞŶƚĞƌ͛ƐƉƵďůŝĐĂƌƚǁŽƌŬĐŽŵƉŽŶĞŶƚ͕ĂŶĚĂǀĞŐĞƚĂƚĞĚĞĂƌƚŚĞŶ
ďĞƌŵ͘dŚĞĞĂƐƚĞƌůLJůĂŶĚƐĐĂƉĞďƵĨĨĞƌĂůŽŶŐƚŚĞ>ĂĂŶĂĚĂƌŝǀĞĨƌŽŶƚĂŐĞŝƐϯϬĨĞĞƚŝŶĚĞƉƚŚǁŝƚŚ
ϮϬĨĞĞƚŽŶdŚĞĞŶƚĞƌƉƌŽƉĞƌƚLJĂŶĚϭϬĨĞĞƚǁŝƚŚŝŶƚŚĞ>ĂĂŶĂĚĂƌŝǀĞƌŝŐŚƚͲŽĨͲǁĂLJƉĞƌƚŚĞ
ĂƉƉƌŽǀĞĚĞǀĞůŽƉŵĞŶƚWůĂŶ͘dŚĞŝŶͲĚĞƉƚŚĚŝƐĐƵƐƐŝŽŶƐƚŽĨŽůůŽǁŚĞƌĞŝŶ͕ƵŶĚĞƌƚŚĞŚĞĂĚŝŶŐƐ
͞ŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚZĞƋƵŝƌĞĚ͟ĂŶĚ͞hƐĞͲ^ƉĞĐŝĨŝĐ^ĞƚďĂĐŬZĞĚƵĐƚŝŽŶZĞƋƵŝƌĞĚ͕͟ďĞůŽǁ͕
ƉƌŽǀŝĚĞƐƉĞĐŝĨŝĐĚĞƚĂŝůŽŶŚŽǁdŚĞWƌŽũĞĐƚŝƐŶŽƚǀŝƐŝďůĞďLJĂŶLJƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐŶĞĂƌďLJ͘
x KsZϮϱ͘ϭ͘͘ϴ͘Đ
dŚĞƐƚĂŶĚĂƌĚƐƚĂƚĞƐƚŚĂƚƚŚĞƌĞƋƵŝƌĞĚůĞŶŐƚŚŽĨǀĞŚŝĐůĞƋƵĞƵŝŶŐŝŶƚŚĞĚƌŝǀĞͲƚŚƌƵƐŚĂůůďĞ
ĚĞƚĞƌŵŝŶĞĚƵƐŝŶŐĚƌŝǀĞͲƚŚƌƵǀŽůƵŵĞĚĂƚĂĨƌŽŵƐŝŵŝůĂƌďƵƐŝŶĞƐƐĞƐŝŶůŽĐĂƚŝŽŶƐǁŝƚŚ
ĐŽƌƌĞƐƉŽŶĚŝŶŐƐŝƚĞĚĞƐŝŐŶĂŶĚƚƌĂĨĨŝĐĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐ͘&ŽƌƚŚŝƐĐĂƐĞ͕ĂŶĞdžŝƐƚŝŶŐdƌŽƉŝĐĂů^ŵŽŽƚŚŝĞ
ĂĨĠ͕ůŽĐĂƚĞĚŝŶdƵĐƐŽŶĂƚ,ŽƵŐŚƚŽŶdŽǁŶĞŶƚĞƌ;,ŽƵŐŚƚŽŶZŽĂĚĂƚKůĚsĂŝůZŽĂĚͿ͕ŚĂƐƚŚĞ
ƐĂŵĞďƵŝůĚŝŶŐŵŽĚĞůĂŶĚƐĂŵĞĨƌĂŶĐŚŝƐĞĞͬŽƉĞƌĂƚŽƌĂƐdŚĞWƌŽũĞĐƚ͘dŚĞĨƌĂŶĐŚŝƐĞĞƉƌŽǀŝĚĞĚ
ĚĂƚĂƌĞŐĂƌĚŝŶŐƚŚĞĚƌŝǀĞͲƚŚƌƵǀŽůƵŵĞĂƚƚŚĂƚůŽĐĂƚŝŽŶ͘dŚĞƉĞĂŬďƵƐŝŶĞƐƐŚŽƵƌƐŽĨƚŚĞƌĞƐƚĂƵƌĂŶƚ
ĂƌĞďĞƚǁĞĞŶϭϭ͗ϬϬĂŵĂŶĚϭ͗ϬϬƉŵ͕ǁŝƚŚϭϭ͗ϬϬĂŵƚŽϭϮ͗ϬϬƉŵďĞŝŶŐƚŚĞƚLJƉŝĐĂůƉĞĂŬŚŽƵƌ͘dŚĞ
ďƵƐŝĞƐƚĚĂLJŽĐĐƵƌƌĞĚŝŶDĂLJϮϬϮϭǁŝƚŚĂƉĞĂŬŚŽƵƌŽĨĂƉƉƌŽdžŝŵĂƚĞůLJϮϲĞŶƚĞƌŝŶŐǀĞŚŝĐůĞƐ͘dŚĞ
ƚLJƉŝĐĂůƉĞĂŬŚŽƵƌŵĂdžŝŵƵŵŶƵŵďĞƌŽĨǀĞŚŝĐůĞƐŝŶƚŚĞĚƌŝǀĞͲƚŚƌƵƋƵĞƵĞŝƐϲͲϳǀĞŚŝĐůĞƐ͘sĞŚŝĐůĞƐ
ƚLJƉŝĐĂůůLJĐŽŵƉůĞƚĞƚŚĞĞŶƚŝƌĞĚƌŝǀĞͲƚŚƌƵƚƌĂŶƐĂĐƚŝŽŶǁŝƚŚŝŶĂƉƉƌŽdžŝŵƚĞůLJϮŵŝŶƵƚĞƐ͘ĂƐĞĚŽŶƚŚĞ
ĚĂƚĂƉƌŽǀŝĚĞĚ͕ƚŚĞƉƌŽǀŝƐŝŽŶŽĨƋƵĞƵŝŶŐƐƉĂĐĞĨŽƌĂƚůĞĂƐƚϳǀĞŚŝĐůĞƐŝŶƚŚĞĚƌŝǀĞͲƚŚƌƵůĂŶĞƐŚŽƵůĚ
ďĞƉƌŽǀŝĚĞĚ͘dŚĞĚĞƐŝŐŶŽĨdŚĞWƌŽũĞĐƚƉƌŽǀŝĚĞƐĂůĂŶĞƚŚĂƚĐĂŶĂĐĐŽŵŵŽĚĂƚĞϴǀĞŚŝĐůĞƐǁŝƚŚϰ
ƋƵĞƵĞĚĨŽƌƚŚĞŽƌĚĞƌŝŶŐƐƉĞĂŬĞƌĂŶĚϰƋƵĞƵĞĚďĞƚǁĞĞŶƚŚĞƐƉĞĂŬĞƌĂŶĚƚŚĞƉŝĐŬͲƵƉǁŝŶĚŽǁ͘
x KsZϮϱ͘ϭ͘͘ϴ͘Ě
dŚĞƐƚĂŶĚĂƌĚƉƌŽŚŝďŝƚƐƚŚĞƵƐĞŽĨĂĚũĂĐĞŶƚƌŽĂĚǁĂLJƐ͕ĚƌŝǀĞĂŝƐůĞƐŽƌŽƚŚĞƌƉĂƌŬŝŶŐĂƌĞĂƐĂĐĐĞƐƐ
ůĂŶĞƐĨŽƌĚƌŝǀĞͲƚŚƌƵůĂŶĞƋƵĞƵŝŶŐ͘dŚĞƉƌŽƉŽƐĞĚůĂLJŽƵƚĨŽƌdŚĞWƌŽũĞĐƚƉƌŽǀŝĚĞƐƚŚĞƋƵĞƵŝŶŐ
ǁŝƚŚŝŶƚŚĞĐŽŶĨŝŶĞƐŽĨƚŚĞĚƌŝǀĞͲƚŚƌƵůĂŶĞ͘
ƵŝůĚŝŶŐĂŶĚ^ĞƚďĂĐŬƐ
dŚĞWƌŽũĞĐƚŝƐĂƐŝŶŐůĞͲƐƚŽƌLJ͕ϭ͕ϱϰϰ^&ďƵŝůĚŝŶŐǁŝƚŚĂŶĞdžƚĞƌŝŽƌĐŽŽůĞƌ;ϭ͕ϲϰϵ^&ƚŽƚĂůͿ͘dŚĞƚĂůůĞƐƚĞdžƚĞƌŝŽƌ
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ĚũƵƐƚŵĞŶƚĐĂƐĞKsϭϬͲϵϳͲϵ͘
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ƚŚĞƌĞĂƌĂŶĚƐŝĚĞƐĞƚďĂĐŬƐďĞŝŶŐĂƉƉůŝĐĂďůĞƚŽƚŚĞƉĞƌŝŵĞƚĞƌďŽƵŶĚĂƌŝĞƐŽĨdŚĞĞŶƚĞƌ͕ŶŽƚƚŽdŚĞ
WƌŽũĞĐƚ͛ƐƐƵďũĞĐƚƉĂƌĐĞů͘dŚĞƌĞŝƐĂůƐŽĂϭϬϱͲĨĞĞƚĨƌŽŶƚƐĞƚďĂĐŬƌĞĐŽƌĚĞĚĂƚŽĐŬĞƚϳϯϵϳ͕WĂŐĞϳϮϳ͕
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ĨƌŽŵƚŚĞĨƌŽŶƚƉƌŽƉĞƌƚLJůŝŶĞ͘ůůƐĞƚďĂĐŬƐĂƌĞŵĞƚǁŝƚŚƚŚĞƉƌŽƉŽƐĞĚƐŝƚĞůĂLJŽƵƚǁŝƚŚƚŚĞĞdžĐĞƉƚŝŽŶŽĨ
ƚŚĞhƐĞͲ^ƉĞĐŝĨŝĐƐĞƚďĂĐŬĨƌŽŵƌĞƐŝĚĞŶƚŝĂůůŽƚƐƌĞůĂƚŝŶŐƚŽƚŚĞŽŶǀĞŶŝĞŶĐĞhƐĞ͘ZĞĨĞƌƚŽƚŚĞƐĞĐƚŝŽŶ
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ŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚZĞƋƵŝƌĞĚ͗
ƐƉƌĞǀŝŽƵƐůLJĞdžƉůĂŝŶĞĚ͕ƚŚĞĞǀĞůŽƉŵĞŶƚŐƌĞĞŵĞŶƚďĞƚǁĞĞŶƚŚĞdŽǁŶĂŶĚƚŚĞDĂƐƚĞƌĞǀĞůŽƉĞƌŽĨ
dŚĞĞŶƚĞƌ͕WĞƌĞŐƌŝŶĞ͕ŶŽƚĞĚƚŚĂƚWĞƌĞŐƌŝŶĞĂŶƚŝĐŝƉĂƚĞĚdŚĞĞŶƚĞƌǁŽƵůĚĂƚƚƌĂĐƚŽŶǀĞŶŝĞŶĐĞhƐĞƐ
ƚŚĂƚǁŽƵůĚƌĞƋƵŝƌĞŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚƐ͘dŚĞWƌŽũĞĐƚƉƌŽƉŽƐĞĚĚŽĞƐ͕ŝŶͲĨĂĐƚƉƌŽƉŽƐĞĂŽŶǀĞŶŝĞŶĐĞ
hƐĞ͘ƐƐƵĐŚ͕ĂŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚŝƐƌĞƋƵŝƌĞĚƉĞƌKsZϮϯ͘ϯdĂďůĞϮϯͲϭ͘dŚĞĨŝƌƐƚŽĨƚŚĞƌĞƋƵŝƌĞĚ
ŶĞŝŐŚďŽƌŚŽŽĚŵĞĞƚŝŶŐƐĨŽƌďŽƚŚƚŚĞŽŶĐĞƉƚƵĂů^ŝƚĞWůĂŶWƌŽĐĞƐƐĂƐǁĞůůĂƐƚŚĞŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚ
WƌŽĐĞƐƐǁĂƐŚĞůĚŽŶ:ƵŶĞϴ͕ϮϬϮϮ͘
'ƌĂŶƚŝŶŐƚŚŝƐŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚǁŝůůŝŶŶŽǁĂLJ͕ǁŚĂƚƐŽĞǀĞƌ͕ďĞĚĞƚƌŝŵĞŶƚĂůƚŽƚŚĞƉƵďůŝĐŚĞĂůƚŚ͕
ƐĂĨĞƚLJ͕ŽƌǁĞůĨĂƌĞ͘&ŝƌƐƚĂŶĚĨŽƌĞŵŽƐƚ͕dŚĞWƌŽũĞĐƚŝƐƉƌŽƉŽƐŝŶŐĂƌĞƐƚĂƵƌĂŶƚƵƐĞǁŝƚŚŝŶƚŚĞĞdžŝƐƚŝŶŐ
WĂŐĞϱŽĨϭϭ
ĂŶĂĚĂƌŽƐƐƌŽĂĚƐ^ŚŽƉƉŝŶŐĞŶƚĞƌƚŚĂƚŚĂƐĞdžŝƐƚĞĚĨŽƌŽǀĞƌƚǁŽĚĞĐĂĚĞƐ͕ĂŶĚǁĂƐƉůĂŶŶĞĚǁŝƚŚƚŚĞ
ĂŶƚŝĐŝƉĂƚŝŽŶƚŚĂƚƐƵĐŚŽŶǀĞŶŝĞŶĐĞhƐĞƐǁŽƵůĚďĞƉĂƌƚŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚ͘dŚĞĞŶƚĞƌŝƐƉĂƌƚŽĨƚŚĞ
ĨĂďƌŝĐŽĨƚŚŝƐĐŽŵŵĞƌĐŝĂůĂŶĚƌĞƐŝĚĞŶƚŝĂůĂƌĞĂŽĨƚŚĞdŽǁŶ͕ĂŶĚƚŚĞĂĚĚŝƚŝŽŶŽĨƚŚŝƐƐŵĂůůƌĞƐƚĂƵƌĂŶƚǁŝƚŚ
ĂĚƌŝǀĞͲƚŚƌƵǁŝůůŽŶůLJĞŶŚĂŶĐĞdŚĞĞŶƚĞƌ͘ŵŽŶŐƚŚĞƐĞďĞŶĞĨŝƚƐĂƌĞ͗
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ůŝŬĞůLJŵĞĂŶƐŵŽƌĞďƵƐŝŶĞƐƐ;ŶŽǁŽƌŝŶƚŚĞĨƵƚƵƌĞͿƚŽƚŚĞŽƚŚĞƌƚĞŶĂŶƚƐǁŝƚŚŝŶdŚĞĞŶƚĞƌ͘dŚĞ
ĂĚĚŝƚŝŽŶŽĨdŚĞWƌŽũĞĐƚǁŝůůĂůƐŽŐĞŶĞƌĂƚĞĂĚĚŝƚŝŽŶĂůƚĂdžƌĞǀĞŶƵĞƐƚŽƚŚĞdŽǁŶ͘
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ĨŽƌĂůůŝƚƐƚĞŶĂŶƚƐ͘dŚĞWƌŽũĞĐƚǁŝůůĂĚĚϲƉĂƌŬŝŶŐƐƉĂĐĞƐƚŽƚŚĞĐƵƌƌĞŶƚϮϲƉƌŽǀŝĚĞĚŽŶƚŚĞ
ƉĂƌĐĞů͘dŚĞWƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽŚĂǀĞĨĞǁĞƌĚŝŶĞͲŝŶĐƵƐƚŽŵĞƌƐƚŚĂŶĂƚLJƉŝĐĂůƌĞƐƚĂƵƌĂŶƚ͕
ƚŚĞƌĞĨŽƌĞƌĞĚƵĐŝŶŐƚŚĞƚŽƚĂůƉĂƌŬŝŶŐĚĞŵĂŶĚ͘dŚŝƐǁŝůůůŝŬĞůLJƉƌŽǀŝĚĞƚŚĞĂĚũĂĐĞŶƚďƵƐŝŶĞƐƐĞƐ
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ĐŽŶǀĞŶŝĞŶƚƌĞƐƚĂƵƌĂŶƚĂůƚĞƌŶĂƚŝǀĞƚŽŶĞĂƌďLJƌĞƐŝĚĞŶƚƐĂŶĚŵŽƚŽƌŝƐƚƐ͘dŚĞƉƌĞƐĞŶĐĞŽĨĂĚƌŝǀĞͲ
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WĞƌŵŝƚ͕ĂĐĐŽƌĚŝŶŐƚŽƉĞƌKsZϮϮ͘ϱ͕ĂƌĞĂƐĨŽůůŽǁƐ͗
ϭ͘ dŚĞŐƌĂŶƚŝŶŐŽĨƚŚĞŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚǁŝůůŶŽƚďĞĚĞƚƌŝŵĞŶƚĂůƚŽƚŚĞƉƵďůŝĐŚĞĂůƚŚ͕ƐĂĨĞƚLJ͕
ŽƌǁĞůĨĂƌĞ͘dŚĞĨĂĐƚŽƌƐƚŽďĞĐŽŶƐŝĚĞƌĞĚŝŶĂƌƌŝǀŝŶŐĂƚƚŚĂƚĐŽŶĐůƵƐŝŽŶ͕ĂĐĐŽƌĚŝŶŐƚŽKsZϮϮ͘ϱ͕
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ŽƌĨůŽŽĚ͕ƚƌĂĨĨŝĐǀŽůƵŵĞƐ͕ĐŽŵƉĂƚŝďŝůŝƚLJǁŝƚŚƚŚĞƐƵƌƌŽƵŶĚŝŶŐƵƐĞƐĂŶĚƚŚĞdŽǁŶ͛Ɛ'ĞŶĞƌĂůWůĂŶ͕
ĂŶĚƚŚĞŚŽƵƌƐŽĨŽƉĞƌĂƚŝŽŶ͘ĚŝƐĐƵƐƐŝŽŶŽĨĞĂĐŚŽĨƚŚŽƐĞĨĂĐƚŽƌƐĨŽůůŽǁƐ͗
Ă͘ EŽĚĂŵĂŐĞŽƌŶƵŝƐĂŶĐĞǁŝůůĂƌŝƐĞĨƌŽŵŶŽŝƐĞ͕ƐŵŽŬĞ͕ŽĚŽƌ͕ĚƵƐƚǀŝďƌĂƚŝŽŶŽƌŝůůƵŵŝŶĂƚŝŽŶ
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ŵŝŶŝŵĂů͘/ŶĐůƵĚĞĚĂƐĂŶĂƚƚĂĐŚŵĞŶƚ͕ǁĞĂƌĞŝŶĐůƵĚŝŶŐĂEŽŝƐĞƐƐĞƐƐŵĞŶƚ
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ŝŝŝ͘ KĚŽƌ͗dŚĞWƌŽũĞĐƚ͛ƐĨŽŽĚŽĨĨĞƌŝŶŐƐŽĨƐŵŽŽƚŚŝĞƐ͕ƐĂŶĚǁŝĐŚĞƐ͕ĂŶĚƐĂůĂĚƐĚŽŶŽƚ
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ǀŝ͘ /ůůƵŵŝŶĂƚŝŽŶ͗dŚĞWƌŽũĞĐƚǁŝůůŚĂǀĞŵŝŶŝŵĂůĂĚĚŝƚŝŽŶĂůůŝŐŚƚŝŶŐ͕ĐŽŶƐŝƐƚŝŶŐŽĨƚŚĞ
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ĂŶĚŶĞĂƌďLJƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐ͘
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,ŽƵŐŚƚŽŶdŽǁŶĞŶƚĞƌ;,ŽƵŐŚƚŽŶZŽĂĚĂƚKůĚsĂŝůZŽĂĚͿ͕ŚĂƐƚŚĞƐĂŵĞďƵŝůĚŝŶŐŵŽĚĞů
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ĚĚŝƚŝŽŶĂůůLJ͕ƚŚĞƐĐƌĞĞŶǁĂůůŚĞŝŐŚƚǁŝůůďĞŝŶĐƌĞĂƐĞĚƚŽĨŽƵƌĂŶĚŽŶĞͲŚĂůĨĨĞĞƚĂƌŽƵŶĚƚŚĞϵϬͲ
ĚĞŐƌĞĞƚƵƌŶŝŶƚŚĞĚƌŝǀĞͲƚŚƌƵůĂŶĞ͘
ϯ͘ 'ĞŶĞƌĂůWůĂŶŽŵƉůŝĂŶĐĞ͗dŚĞWƌŽũĞĐƚͶĂĚƌŝǀĞͲƚŚƌƵƌĞƐƚĂƵƌĂŶƚǁŝƚŚŝŶĂŶĞdžŝƐƚŝŶŐĐŽŵŵĞƌĐŝĂů
ĐĞŶƚĞƌͶŝƐŝŶĐŽŶĨŽƌŵĂŶĐĞǁŝƚŚƚŚĞdŽǁŶ͛ƐzŽƵƌsŽŝĐĞ͕KƵƌ&ƵƚƵƌĞ'ĞŶĞƌĂůWůĂŶ;ƚŚĞ͞'ĞŶĞƌĂů
WůĂŶ͟Ϳ͘dŚĞWƌŽƉĞƌƚLJŝƐůŽĐĂƚĞĚǁŝƚŚŝŶĂdŝĞƌ//'ƌŽǁƚŚƌĞĂ͕ǁŚŝĐŚŝƐĂŶĞŝŐŚďŽƌŚŽŽĚͲĨŽĐƵƐĞĚ
ĐŽŵŵĞƌĐŝĂůĂƌĞĂ͕ƐƵƉƉŽƌƚĞĚďLJĂǀĂƌŝĞƚLJŽĨƌĞƐŝĚĞŶƚŝĂůĂƌĞĂƐ͘dŚĞƐĞĂƌĞĂƐ͕ǁŚŝĐŚŝŶĐůƵĚĞƚŚĞ>Ă
ĂŹĂĚĂƌŝǀĞĂŶĚ>ĂŵďĞƌƚ>ĂŶĞŝŶƚĞƌƐĞĐƚŝŽŶ͕ĂƌĞŝŶƚĞŶĚĞĚƚŽƐĞƌǀĞƚŚĞŝŵŵĞĚŝĂƚĞŶĞĞĚƐŽĨ
ƌĞƐŝĚĞŶƚƐ͕ǁŚŝůĞůŝŵŝƚŝŶŐŝŵƉĂĐƚ͘dŚĞ'ƌŽǁƚŚƌĞĂƐŚŽƵůĚĨŽĐƵƐŽŶŵĂŬŝŶŐƚƌĂŶƐƉŽƌƚĂƚŝŽŶŵŽƌĞ
ĞĨĨŝĐŝĞŶƚ͕ŵĂŬĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞĞdžƉĂŶƐŝŽŶŵŽƌĞĞĐŽŶŽŵŝĐĂůĂŶĚƉƌŽǀŝĚĞĨŽƌĂƐĞŶƐŝďůĞƉĂƚƚĞƌŶŽĨ
ůĂŶĚĚĞǀĞůŽƉŵĞŶƚ͘
WĂŐĞϴŽĨϭϭ
dŚĞWƌŽƉĞƌƚLJŝƐĚĞƐŝŐŶĂƚĞĚĂƐEĞŝŐŚďŽƌŚŽŽĚŽŵŵĞƌĐŝĂůͬKĨĨŝĐĞ;͞EK͟ͿŽŶƚŚĞ'ĞŶĞƌĂůWůĂŶ͛Ɛ
>ĂŶĚhƐĞDĂƉ͘dŚĞEKĚĞƐŝŐŶĂƚŝŽŶƉƌŽŵŽƚĞĐŽŵŵĞƌĐŝĂůĂŶĚŽĨĨŝĐĞĂƌĞĂƐǁŝƚŚŐŽŽĚĂĐĐĞƐƐƚŽ
ŵĂũŽƌƌŽĂĚǁĂLJƐ;ŝ͘Ğ͘ĂƚƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶƐŽĨĂƌƚĞƌŝĂůƌŽĂĚǁĂLJƐͿŶĞĂƌƌĞƐŝĚĞŶƚŝĂůĂƌĞĂƐ͘/ƚ
ĞŶĐŽƵƌĂŐĞƐƵƐĞƐƚŚĂƚƐĞƌǀĞĂŶĚĂƌĞŝŶƚĞŐƌĂƚĞĚǁŝƚŚƚŚĞƐƵƌƌŽƵŶĚŝŶŐŶĞŝŐŚďŽƌŚŽŽĚƐ͘
dŚĞWƌŽũĞĐƚŵĞĞƚƐƚŚĞĐƌŝƚĞƌŝĂĨŽƌƚŚĞEKůĂŶĚƵƐĞĚĞƐŝŐŶĂƚŝŽŶ͘dŚĞWƌŽƉĞƌƚLJŝƐnjŽŶĞĚͲE͕
ǁŚŝĐŚŝƐĂĐŽƌƌĞƐƉŽŶĚŝŶŐnjŽŶŝŶŐĚĞƐŝŐŶĂƚŝŽŶƚŽƚŚĞEKůĂŶĚƵƐĞĚĞƐŝŐŶĂƚŝŽŶ͘dŚŝƐWƌŽũĞĐƚǁĂƐ
ĚĞƐŝŐŶĞĚƚŽĂĚŚĞƌĞƚŽƚŚĞŐŽĂůƐĂŶĚƉŽůŝĐŝĞƐŽĨƚŚĞ'ĞŶĞƌĂůWůĂŶ͕ŝŶĐůƵĚŝŶŐƚŚĞĨŽůůŽǁŝŶŐ͗
ϱ͘ϰĞǀĞůŽƉŵĞŶƚ'ŽĂůƐ
s͘EĞŝŐŚďŽƌŚŽŽĚƐƚŚĂƚŝŶĐůƵĚĞĂĐĐĞƐƐĂŶĚĞĨĨĞĐƚŝǀĞƚƌĂŶƐŝƚŝŽŶƐƚŽŽƉĞŶƐƉĂĐĞ͕ƌĞĐƌĞĂƚŝŽŶ
ĂŶĚƐĐŚŽŽůƐĂŶĚƚŚĂƚĂƌĞƐƵƉƉŽƌƚĞĚďLJƐŚŽƉƉŝŶŐĂŶĚƐĞƌǀŝĐĞƐǁŚŝĐŚŵĞĞƚĚĂŝůLJŶĞĞĚƐ͘
dŚĞWƌŽũĞĐƚǁŝůůƉƌŽǀŝĚĞĨŽŽĚƐĞƌǀŝĐĞƚŽƚŚĞƐƵƌƌŽƵŶĚŝŶŐŶĞŝŐŚďŽƌŚŽŽĚƐ͕ƉƌŽǀŝĚŝŶŐĞĂƐLJ
ĂĐĐĞƐƐ;ŝŶĐůƵĚŝŶŐƉĞĚĞƐƚƌŝĂŶĂŶĚďŝŬĞĂĐĐĞƐƐĨŽƌŶĞĂƌďLJŶĞŝŐŚďŽƌƐͿƚŽƐŵŽŽƚŚŝĞƐĂŶĚ
ĞĂƐŝůLJĂĐĐĞƐƐŝďůĞĨŽŽĚŽƉƚŝŽŶƐ͘dŚĞĐŽŶǀĞŶŝĞŶĐĞŽĨƚŚŝƐĨŽŽĚŽƉƚŝŽŶǁŝůůƐĞƌǀĞƚŚĞ
ƐƵƌƌŽƵŶĚŝŶŐŶĞŝŐŚďŽƌŚŽŽĚƐĂŶĚĚƌŝǀĞƌƐƚƌĂǀĞůůŝŶŐĂůŽŶŐ>ĂŵďĞƌƚ>ĂŶĞĂŶĚ>ĂĂŶĂĚĂ
ƌ͘
y͘ĨĨĞĐƚŝǀĞƚƌĂŶƐŝƚŝŽŶƐďĞƚǁĞĞŶĚŝĨĨĞƌŝŶŐůĂŶĚƵƐĞƐĂŶĚŝŶƚĞŶƐŝƚŝĞƐŝŶƚŚĞĐŽŵŵƵŶŝƚLJ͘
dŚĞWƌŽũĞĐƚĨĂĐĞƐ>ĂĂŶĂĚĂƌ͕͘ǁŚŝĐŚŝƐĂƉƉƌŽƉƌŝĂƚĞĨŽƌĂƌĞƐƚĂƵƌĂŶƚƵƐĞ͘dŚĞWƌŽũĞĐƚ
ŚĂƐďĞĞŶĚĞƐŝŐŶĞĚƚŽĨŝƚǁŝƚŚŝŶƚŚĞĞdžŝƐƚŝŶŐĂŶĂĚĂƌŽƐƐƌŽĂĚƐ^ŚŽƉƉŝŶŐĞŶƚĞƌ͘dŚĞ
ĚƌŝǀĞƚŚƌŽƵŐŚŝƐĨƵůůLJƐĐƌĞĞŶĞĚĨƌŽŵƚŚĞĂĚũĂĐĞŶƚĐŽŵŵĞƌĐŝĂůƵƐĞƐǁŝƚŚŝŶƚŚĞĞŶƚĞƌ͘
dŚĞWƌŽũĞĐƚŝƐĂƚƚŚĞŝŶƚĞƌŝŽƌŽĨƚŚĞĞŶƚĞƌ͕ĂŶĚƚŚĞƌĞĨŽƌĞƚŚĞĞdžŝƐƚŝŶŐĐŽŵŵĞƌĐŝĂů
ďƵŝůĚŝŶŐƐĨƵůůLJƐĐƌĞĞŶdŚĞWƌŽũĞĐƚĨƌŽŵƚŚĞŶĞĂƌĞƐƚƌĞƐŝĚĞŶƚŝĂůƵƐĞƐ͘
WŽůŝĐLJ>h͘ϰ͘WƌŽŵŽƚĞŽƵƚĚŽŽƌůŝŐŚƚŝŶŐƚŚĂƚĞŶŚĂŶĐĞƐƐĂĨĞƚLJĂŶĚĐŝƌĐƵůĂƚŝŽŶ͕ďĞĂƵƚŝĨŝĞƐ
ůĂŶĚƐĐĂƉĞƐ͕ŵŝŶŝŵŝnjĞƐŝŵƉĂĐƚƐƚŽĂĚũĂĐĞŶƚƉƌŽƉĞƌƚŝĞƐĂŶĚĚŽĞƐŶŽƚƌĞĚƵĐĞƉƵďůŝĐ
ĞŶũŽLJŵĞŶƚŽĨƚŚĞŶŝŐŚƚƐŬLJ͘
dŚĞWƌŽũĞĐƚǁŝůůĨƵůůLJĐŽŵƉůLJǁŝƚŚƚŚĞdŽǁŶ͛ƐKƵƚĚŽŽƌ>ŝŐŚƚŝŶŐKƌĚŝŶĂŶĐĞĂŶĚŚĂǀĞ
ŵŝŶŝŵĂů͕ŝĨĂŶLJ͕ŝŵƉĂĐƚŽŶƚŚĞĂĚũĂĐĞŶƚƉƌŽƉĞƌƚŝĞƐ͘dŚĞĞdžŝƐƚŝŶŐĐŽŵŵĞƌĐŝĂůďƵŝůĚŝŶŐƐ
ǁŝƚŚŝŶƚŚĞĂŶĂĚĂƌŽƐƐƌŽĂĚƐ^ŚŽƉƉŝŶŐĞŶƚĞƌǁŝůůĨƵůůLJƐĐƌĞĞŶdŚĞWƌŽũĞĐƚĨƌŽŵƚŚĞ
ĂĚũĂĐĞŶƚƌĞƐŝĚĞŶƚŝĂůĂƌĞĂƐ͘
WŽůŝĐLJ>h͘ϱ͘WƌŽǀŝĚĞĚŝǀĞƌƐĞůĂŶĚƵƐĞƐƚŚĂƚŵĞĞƚƚŚĞdŽǁŶ͛ƐŽǀĞƌĂůůŶĞĞĚƐĂŶĚĞĨĨĞĐƚŝǀĞůLJ
ƚƌĂŶƐŝƚŝŽŶŝŶƐĐĂůĞĂŶĚĚĞŶƐŝƚLJĂĚũĂĐĞŶƚƚŽŶĞŝŐŚďŽƌŚŽŽĚƐ͘
dŚĞWƌŽũĞĐƚŝƐĂƐŵĂůůͲƐĐĂůĞƌĞƐƚĂƵƌĂŶƚƚŚĂƚǁŝůůƉƌŽǀŝĚĞŶĞŝŐŚďŽƌŝŶŐƌĞƐŝĚĞŶƚƐǁŝƚŚŶĞǁ
ĂŶĚĚŝǀĞƌƐĞĨŽŽĚĂŶĚďĞǀĞƌĂŐĞŽƉƚŝŽŶƐ͘dŚĞƐĐĂůĞŽĨƚŚĞƌĞƐƚĂƵƌĂŶƚǁŝůůĨŝƚǁŝƚŚŝŶƚŚĞ
ĞdžŝƐƚŝŶŐĐŽŵŵĞƌĐŝĂůĐĞŶƚĞƌĂŶĚƚŚĞŽǀĞƌĂůůĐŽŶƚĞdžƚŽĨƚŚĞ>ĂŵďĞƌƚͬ>ĂĂŶĂĚĂ
ŝŶƚĞƌƐĞĐƚŝŽŶ͘
WŽůŝĐLJ>h͘ϳ͘ŽŽƌĚŝŶĂƚĞƉůĂŶŶŝŶŐĨŽƌůĂŶĚƵƐĞĂŶĚƚƌĂŶƐƉŽƌƚĂƚŝŽŶŝŶŽƌĚĞƌƚŽƉƌŽŵŽƚĞ
ŐƌŽǁƚŚĂƌĞĂƐĂŶĚƚƌĂŶƐŝƚĂŶĚĐŽŵŵĞƌĐŝĂůĐŽƌƌŝĚŽƌƐ͘
WĂŐĞϵŽĨϭϭ
dŚĞWƌŽũĞĐƚĨŝƚƐǁŝƚŚŝŶƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞ>ĂŵďĞƌƚͬ>ĂĂŶĂĚĂŝŶƚĞƌƐĞĐƚŝŽŶ͕ǁŚŝĐŚŚĂƐĂ
ǀĂƌŝĞƚLJŽĨŶĞŝŐŚďŽƌŚŽŽĚĐŽŵŵĞƌĐŝĂůƵƐĞƐ͕ƐƵĐŚĂƐƐŝƚͲĚŽǁŶ͕ƚĂŬĞͲŽƵƚĂŶĚĨĂƐƚͲĨŽŽĚ
ƌĞƐƚĂƵƌĂŶƚƐ͕ďĂŶŬƐ͕ƉĞƌƐŽŶĂůƐĞƌǀŝĐĞƐ͕ĂŶĚĂĐŽŶǀĞŶŝĞŶĐĞƐƚŽƌĞĂŶĚŐƌŽĐĞƌLJƐƚŽƌĞ͘dŚŝƐ
WƌŽũĞĐƚǁŝůůĨŝůůŝŶĂŶĞdžŝƐƚŝŶŐďƵŝůĚŝŶŐƉĂĚƚŚĂƚŚĂƐďĞĞŶǀĂĐĂŶƚĨŽƌϮϬLJĞĂƌƐ͕ǁŚŝĐŚǁŝůů
ƉůĂĐĞĚĞǀĞůŽƉŵĞŶƚŝŶĂŶĂƌĞĂƚŚĂƚŚĂƐĞdžŝƐƚŝŶŐŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚƵƚŝůŝƚŝĞƐ͘dŚĞWƌŽũĞĐƚ
ŝƐĂŶĂƉƉƌŽƉƌŝĂƚĞůĂŶĚƵƐĞǁŝƚŚŝŶƚŚŝƐďƵƐLJŶĞŝŐŚďŽƌŚŽŽĚĐŽŵŵĞƌĐŝĂůĐŽƌƌŝĚŽƌ͘
ϰ͘ ,ŽƵƌƐŽĨKƉĞƌĂƚŝŽŶ͗dŚĞŚŽƵƌƐŽĨŽƉĞƌĂƚŝŽŶĨŽƌdŚĞWƌŽũĞĐƚǁŝůůďĞĨƌŽŵϲĂŵƚŽϭϬƉŵĚĂŝůLJ͘dŚĞ
ŚŽƵƌƐŽĨŽƉĞƌĂƚŝŽŶǁŝůůŚĂǀĞŶŽŶĞŐĂƚŝǀĞŝŵƉĂĐƚŽŶŝŵŵĞĚŝĂƚĞůLJĂĚũŽŝŶŝŶŐƉƌŽƉĞƌƚŝĞƐďĞĐĂƵƐĞ
ƚŚĞLJĂůůĐŽŶƐŝƐƚŽĨŽƚŚĞƌĐŽŵŵĞƌĐŝĂůďƵƐŝŶĞƐƐĞƐǁŝƚŚŝŶƚŚĞĂŶĂĚĂƌŽƐƐƌŽĂĚƐ^ŚŽƉƉŝŶŐĞŶƚĞƌ͘
ƐĞdžƉůĂŝŶĞĚŝŶƐĞĐƚŝŽŶϭ͘Ă͘ŝ͕ĂďŽǀĞ͕ƚŚĞEŽŝƐĞƐƐĞƐƐŵĞŶƚĐŽŶĚƵĐƚĞĚĨŽƌdŚĞWƌŽũĞĐƚĐŽŶĐůƵĚĞĚ
ƚŚĂƚŶŽŝƐĞůĞǀĞůƐĂŶƚŝĐŝƉĂƚĞĚĂƚƚŚĞŶĞĂƌĞƐƚƌĞƐŝĚĞŶƚŝĂůůŽƚƐ͕ĚĂLJŽƌŶŝŐŚƚ͕ĂƌĞǁŝƚŚŝŶĂĐĐĞƉƚĂďůĞ
ůĞǀĞůƐƉĞƌdŽǁŶŽĚĞĂŶĚĂƌĞůĞƐƐƚŚĂŶƚŚĞ>ĂĂŶĂĚĂƌ͘ƌŽĂĚǁĂLJŶŽŝƐĞĚƵƌŝŶŐĚĂLJƚŝŵĞŚŽƵƌƐ͘
hƐĞͲ^ƉĞĐŝĨŝĐ^ĞƚďĂĐŬZĞĚƵĐƚŝŽŶZĞƋƵŝƌĞĚ͗
dŽǁŶŽƵŶĐŝůĂƉƉƌŽǀĂůŝƐƌĞƋƵŝƌĞĚĨŽƌĂƌĞĚƵĐƚŝŽŶƚŽƚŚĞƌĞƋƵŝƌĞĚϮϱϬͲĨĞĞƚƐĞƉĂƌĂƚŝŽŶďĞƚǁĞĞŶĂ
ŽŶǀĞŶŝĞŶĐĞhƐĞĂŶĚŶĞĂƌďLJƌĞƐŝĚĞŶƚŝĂůůLJͲƵƐĞĚƉƌŽƉĞƌƚŝĞƐƉƵƌƐƵĂŶƚƚŽKsZϮϱ͘ϭ͘͘ϲ͘Ă͘dŚĞĂĐƚƵĂů
ƐĞƉĂƌĂƚŝŽŶĞdžŝƐƚŝŶŐŝƐĂƉƉƌŽdžŝŵĂƚĞůLJϭϵϵĨĞĞƚďĂƐĞĚŽŶƐƵƌǀĞLJĚĂƚĂ͘dŚĞƉƌŽƉŽƐĞĚƌĞĚƵĐĞĚƐĞƉĂƌĂƚŝŽŶŝƐ
ϭϵϱͲĨĞĞƚƚŽĂůůŽǁĨŽƌĞƌƌŽƌ͘dŚĞƉƌŽƉŽƐĞĚƌĞĚƵĐƚŝŽŶŝƐĂůůŽǁĞĚ͕ǁŝƚŚdŽǁŶŽƵŶĐŝůĂƉƉƌŽǀĂůƉƵƌƐƵĂŶƚƚŽ
KsZϮϱ͘ϭ͘͘ϲ͘Ă͘ŝ͘Ě͕͘ƉƌŽǀŝĚĞĚƚŚĂƚŵĂũŽƌďĂƌƌŝĞƌƐ͕ƐƵĐŚĂƐďƵŝůĚŝŶŐƐŽƌƚŽƉŽŐƌĂƉŚŝĐĂůĨĞĂƚƵƌĞƐ͕ĞdžŝƐƚƚŽ
ŵŝƚŝŐĂƚĞŝŵƉĂĐƚƐŽŶĂĚũĂĐĞŶƚƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐ͘dŚĞĂƉƉůŝĐĂŶƚŵƵƐƚĚĞŵŽŶƐƚƌĂƚĞƚŽĨŽůůŽǁŝŶŐĂƐ
ĐŽŶĚŝƚŝŽŶƐŽĨĂƉƉƌŽǀĂů͗
ϭ͘ EŽŝƐĞůĞǀĞůƐƐŚĂůůŶŽƚĞdžĐĞĞĚƚŚĞdŽǁŶŽĚĞͲƌĞƐƚƌŝĐƚĞĚŵĂdžŝŵƵŵůĞǀĞůƐůŝƐƚĞĚŝŶKsZdĂďůĞ
ϮϱͲϭ͘͘ƐĞdžƉůĂŝŶĞĚŝŶƐĞĐƚŝŽŶϭ͘Ă͘ŝ͕ĂďŽǀĞ͕ƚŚĞEŽŝƐĞƐƐĞƐƐŵĞŶƚĐŽŶĚƵĐƚĞĚĨŽƌdŚĞWƌŽũĞĐƚ
ĐŽŶĐůƵĚĞĚƚŚĂƚŶŽŝƐĞůĞǀĞůƐĂŶƚŝĐŝƉĂƚĞĚĂƚƚŚĞŶĞĂƌĞƐƚƌĞƐŝĚĞŶƚŝĂůůŽƚƐ͕ĚĂLJŽƌŶŝŐŚƚ͕ĂƌĞǁŝƚŚŝŶ
ĂĐĐĞƉƚĂďůĞůĞǀĞůƐƉĞƌdĂďůĞϮϱͲϭ͘ĂŶĚĂƌĞůĞƐƐƚŚĂŶƚŚĞ>ĂĂŶĂĚĂƌ͘ƌŽĂĚǁĂLJŶŽŝƐĞĚƵƌŝŶŐ
ĚĂLJƚŝŵĞŚŽƵƌƐ͘
Ϯ͘ KĚŽƌĂďĂƚĞŵĞŶƚƐŚĂůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚKsZ^ĞĐƚŝŽŶϮϱ͘ϭ͘͘ϲ͘dŚĞƉƌŽƉŽƐĞĚďƵŝůĚŝŶŐǁŝůů
ŶŽƚŚĂǀĞĂŶĞdžŚĂƵƐƚŚŽŽĚ͘KĚŽƌƐǁŝůůďĞŵŝŶŝŵĂůĂŶĚĂŶĂďĂƚĞŵĞŶƚƉůĂŶŝƐƌĞƋƵŝƌĞĚƉƌŝŽƌƚŽ
ŝƐƐƵĂŶĐĞŽĨďƵŝůĚŝŶŐƉĞƌŵŝƚƐƉĞƌƚŚĞĐŝƚĞĚĐŽĚĞƐĞĐƚŝŽŶ͘
ϯ͘ sŝƐŝďŝůŝƚLJŽĨĚƌŝǀĞͲƚŚƌƵƵƐĞƐĂŶĚĚƌŝǀĞͲƚŚƌƵůĂŶĞƐƐŚĂůůďĞŵŝƚŝŐĂƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚKsZ
^ĞĐƚŝŽŶϮϱ͘ϭ͘͘ϴĂŶĚƐĐƌĞĞŶĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚ^ĞĐƚŝŽŶϮϳ͘ϲ͘͘ϱ͘dŚĞƉƌŽƉŽƐĂůŝŶĐůƵĚĞƐƚŚĞ
ƌĞƋƵŝƌĞĚƐĐƌĞĞŶŝŶŐĂŶĚůĂŶĚƐĐĂƉŝŶŐĂƌŽƵŶĚƚŚĞƉĞƌŝŵĞƚĞƌŽĨƚŚĞĚƌŝǀĞͲƚŚƌƵůĂŶĞĂƐǁĞůůĂƐ
ĞŶŚĂŶĐĞĚƐĐƌĞĞŶŝŶŐĂŶĚůĂŶĚƐĐĂƉŝŶŐďĞƚǁĞĞŶƚŚĞĚƌŝǀĞͲƚŚƌƵĂŶĚƚŚĞĂĚũĂĐĞŶƚ,ĂƌǀĞƐƚĂŶĚĂĨĨĞ
dŽƌŝŶŽƌĞƐƚĂƵƌĂŶƚƉĂƚŝŽƐ͘
ϰ͘ ŵĂũŽƌďĂƌƌŝĞƌ;ƐͿ͕ƐƵĐŚĂƐďƵŝůĚŝŶŐ;ƐͿĂŶĚƚŽƉŽŐƌĂƉŚŝĐĂůĨĞĂƚƵƌĞƐ͕ĞdžŝƐƚƐƚŽŵŝƚŝŐĂƚĞŝŵƉĂĐƚƐŽŶ
ƚŚĞĂĚũĂĐĞŶƚƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐ͘KŶĞŽĨƚŚĞŵĂũŽƌďĂƌƌŝĞƌƐƚŚĂƚĞdžŝƐƚďĞƚǁĞĞŶdŚĞWƌŽũĞĐƚ
ĂŶĚƚŚĞĂĚũĂĐĞŶƚƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐƚŽƚŚĞƐŽƵƚŚŝƐƚŚĞĞdžŝƐƚŝŶŐĂŶĂĚĂƌŽƐƐƌŽĂĚƐ
ĐŽŵŵĞƌĐŝĂůďƵŝůĚŝŶŐ͘dŚĞƐĞĐŽŶĚŝƐĂϲͲĨĞĞƚŚŝŐŚƐĐƌĞĞŶǁĂůůůŽĐĂƚĞĚĂůŽŶŐƚŚĞƐŽƵƚŚĞƌŶ
ƉĞƌŝŵĞƚĞƌŽĨĂŶĂĚĂƌŽƐƐƌŽĂĚĂƚŽƉĂƐƚĞĞƉƐůŽƉĞǁŚŝĐŚŵĞĂƐƵƌĞƐĂƉƉƌŽdžŝŵĂƚĞůLJϭϬͲĨĞĞƚĂƚŝƚƐ
ŚŝŐŚĞƐƚƉŽŝŶƚ͘dŚŝƐďĂƌƌŝĞƌǁĂƐŝŶƐƚĂůůĞĚƉƵƌƐƵĂŶƚƚŽƚŚĞϭϵϵϴĞǀĞůŽƉŵĞŶƚŐƌĞĞŵĞŶƚ͕ǁŚŝĐŚ
WĂŐĞϭϬŽĨϭϭ
ĂĐŬŶŽǁůĞĚŐĞĚƚŚĂƚdŚĞWƌŽƉĞƌƚLJůŝŬĞůLJǁŽƵůĚŝŶĐůƵĚĞĂƵƐĞƌĞƋƵŝƌŝŶŐĂĚƌŝǀĞͲƚŚƌƵ͘dŚĞĂƚƚĂĐŚĞĚ
DĂƉĂŶĚƌŽƐƐ^ĞĐƚŝŽŶƐĚĞƉŝĐƚƚŚĞƚŽƉŽŐƌĂƉŚŝĐĞůĞǀĂƚŝŽŶĚŝĨĨĞƌĞŶĐĞƐďĞƚǁĞĞŶdŚĞWƌŽũĞĐƚĂŶĚ
ŶĞĂƌďLJƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚŝĞƐ͘dŚŽƐĞďĂƌƌŝĞƌƐǁŝůůŚĞůƉŵŝƚŝŐĂƚĞŝŵƉĂĐƚƐŽŶƚŚĞƌĞƐŝĚĞŶƚŝĂůůŽƚƐ
ƌĞůĂƚŝŶŐƚŽŶŽŝƐĞĂŶĚůŝŐŚƚĂŶĚǁŝůůƐĐƌĞĞŶƚŚĞǀŝĞǁŽĨdŚĞWƌŽũĞĐƚĨƌŽŵƚŚŽƐĞůŽƚƐ͘
WĂƌŬŝŶŐĂŶĚ>ŽĂĚŝŶŐ͗
WĂƌŬŝŶŐƚŚƌŽƵŐŚŽƵƚdŚĞĞŶƚĞƌŝƐƐŚĂƌĞĚĂŶĚĐŽŵŵŽŶĂĐĐŽƌĚŝŶŐƚŽƚŚĞŽǀĞŶĂŶƚƐ͕ŽŶĚŝƚŝŽŶƐ͕ĂŶĚ
ZĞƐƚƌŝĐƚŝŽŶƐĨŽƌƚŚĞĞŶƚĞƌ͘dŚĞƉůĂŶŶĞĚƉĂƌŬŝŶŐĨŽƌdŚĞĞŶƚĞƌĂƐĂǁŚŽůĞ͕ĂƐƐŚŽǁŶŽŶdŚĞĂŶĂĚĂ
ƌŽƐƐƌŽĂĚƐĞǀĞůŽƉŵĞŶƚWůĂŶKsϭϮͲϵϴͲϭϮ͕ŚĂĚĂƐƵƌƉůƵƐŽĨϰϬƐƉĂĐĞƐ;ϮϭϮƌĞƋƵŝƌĞĚͬϮϱϮƉůĂŶŶĞĚͿ͘
ƚŽƚĂůŽĨϮϬϵƐƉĂĐĞƐĞdžŝƐƚƐĐƵƌƌĞŶƚůLJ͘&ŽůůŽǁŝŶŐƚŚĞĐŽŵƉůĞƚŝŽŶŽĨƚŚĞdŚĞWƌŽũĞĐƚ͕ĂŶĚĂƐƐƵŵŝŶŐƚŚĞ
ǀĂĐĂŶƚWĂĚϭƚŽƚŚĞŶŽƌƚŚŝƐĚĞǀĞůŽƉĞĚǁŝƚŚϭϴĂĚĚŝƚŝŽŶĂůƐƉĂĐĞƐ͕ƉĞƌƚŚĞKsϭϮͲϵϴͲϭϮĞǀĞůŽƉŵĞŶƚ
WůĂŶ͕ƚŚĞƚŽƚĂůƉĂƌŬŝŶŐĐŽƵŶƚŝŶdŚĞĞŶƚĞƌǁŝůůďĞϮϯϯƐƉĂĐĞƐ͕Ăϵ͘ϵйƐƵƌƉůƵƐŽǀĞƌƚŚĞƚŽƚĂůϮϭϮͲƐƉĂĐĞ
ƌĞƋƵŝƌĞŵĞŶƚŽƌŝŐŝŶĂůůLJŶŽƚĞĚŽŶƚŚĞĞǀĞůŽƉŵĞŶƚWůĂŶĂŶĚĂϮϬ͘ϭйƐƵƌƉůƵƐŽǀĞƌƚŚĞƌĞĚƵĐĞĚϭϵϰͲƐƉĂĐĞ
ƚŽƚĂůƌĞƋƵŝƌĞŵĞŶƚƌĞƐƵůƚŝŶŐĨƌŽŵƌĞĚƵĐƚŝŽŶŝŶƐƉĂĐĞƐŶĞĞĚĞĚĨŽƌWĂĚϮ͘ĚŝƐĐƵƐƐŝŽŶŽĨƚŚĞƌĞĚƵĐĞĚ
ƉĂƌŬŝŶŐĨŽůůŽǁƐ͘
dŚĞƐƵďũĞĐƚƉĂƌĐĞů;WĂĚϮͿĐƵƌƌĞŶƚůLJŚĂƐϮϲĞdžŝƐƚŝŶŐƉĂƌŬŝŶŐƐƉĂĐĞƐ͘dŚĞĞǀĞůŽƉŵĞŶƚWůĂŶKsϭϮͲϵϴͲϭϮ
ŝŶĐůƵĚĞĚĂƉĂƌŬŝŶŐĐĂůĐƵůĂƚŝŽŶĨŽƌƚŚĞƐƵďũĞĐƚůŽƚďĂƐĞĚŽŶϱ͕ϵϱϬ^&ŽĨƌĞƚĂŝůƐƉĂĐĞǁŝƚŚĂƚŽƚĂů
ƌĞƋƵŝƌĞŵĞŶƚŽĨϯϯƐƉĂĐĞƐ͘dŚĞƉĂƌŬŝŶŐƌĞƋƵŝƌĞŵĞŶƚĨŽƌdŚĞWƌŽũĞĐƚ͕ƵƐŝŶŐƚŚĞdŽǁŶ͛ƐƌĂƚŝŽŽĨϵƐƉĂĐĞƐ
ƉĞƌϭ͕ϬϬϬ^&ĨŽƌƚŚĞƉƌŽƉŽƐĞĚƵƐĞ͕ŝƐŵƵĐŚůŽǁĞƌĂƚϭϱƐƉĂĐĞƐ͘,ŽǁĞǀĞƌ͕ĂƐƐŚŽǁŶŽŶƚŚĞŽŶĐĞƉƚƵĂů
^ŝƚĞWůĂŶ͕ϯϮƐƉĂĐĞƐĂƌĞƉƌŽƉŽƐĞĚŽŶƚŚĞƐƵďũĞĐƚƉĂƌĐĞů͕ŝŶĐůƵĚŝŶŐϮĂĐĐĞƐƐŝďůĞƐƉĂĐĞƐ͘
ĚĞĚŝĐĂƚĞůŽĂĚŝŶŐnjŽŶĞŝƐŶŽƚƌĞƋƵŝƌĞĚĨŽƌƚŚĞƉƌŽƉŽƐĞĚďƵŝůĚŝŶŐƐŝnjĞĂŶĚƵƐĞĂĐĐŽƌĚŝŶŐƚŽƚŚĞdŽǁŶŽĨ
KƌŽsĂůůĞLJŽŶŝŶŐŽĚĞ͘>ŽĂĚŝŶŐnjŽŶĞƐĞdžŝƐƚĂƚƚŚĞƐŽƵƚŚǁĞƐƚĐŽƌŶĞƌŽĨdŚĞĞŶƚĞƌĂŶĚǁŝůůďĞƵƚŝůŝnjĞĚ
ǁŚĞŶŶĞĐĞƐƐĂƌLJ͘
^ŽůŝĚtĂƐƚĞ
^ŽůŝĚǁĂƐƚĞƌĞĨƵƐĞĞŶĐůŽƐƵƌĞƐĞdžŝƐƚĂƚƚŚĞƐŽƵƚŚĞĂƐƚĐŽƌŶĞƌŽĨdŚĞĞŶƚĞƌĂŶĚǁŝůůďĞƵƚŝůŝnjĞĚŽŶĂƐŚĂƌĞĚ
ďĂƐŝƐǁŝƚŚŽƚŚĞƌƚĞŶĂŶƚƐŝŶdŚĞĞŶƚĞƌƉƵƌƐƵĂŶƚƚŽƚŚĞŽǀĞŶĂŶƚƐ͕ŽŶĚŝƚŝŽŶƐĂŶĚZĞƐƚƌŝĐƚŝŽŶƐĨŽƌdŚĞ
ĞŶƚĞƌƌĞĐŽƌĚĞĚĂƚŽĐŬĞƚϭϭϲϳϰ͕WĂŐĞϰϯϬϯŝŶWŝŵĂŽƵŶƚLJZĞĐŽƌĚƐ͘
&ƌŽŶƚƵĨĨĞƌLJĂƌĚĂŶĚ^ĐƌĞĞŶŝŶŐ͗
ϯϬͲĨĞĞƚĨƌŽŶƚůĂŶĚƐĐĂƉĞďƵĨĨĞƌLJĂƌĚ͕ǁŝƚŚϮϬͲĨĞĞƚŽŶƐŝƚĞĂŶĚϭϬͲĨĞĞƚŝŶƚŚĞ>ĂĂŶĂĚĂƌƌŝŐŚƚͲŽĨͲǁĂLJ͕
ǁĂƐĂƉƉƌŽǀĞĚĨŽƌƚŚĞĂŶĂĚĂƌŽƐƐƌŽĂĚƐĞǀĞůŽƉŵĞŶƚWůĂŶ͕KsϭϮͲϵϴͲϭϮ͕ǁĂƐĐŽŶƐƚƌƵĐƚĞĚ͕ĂŶĚƐƚŝůů
ĞdžŝƐƚƐ͘/ƚǁŝůůƌĞŵĂŝŶ͘ƉŽƌƚŝŽŶŽĨƚŚĞƐĐƌĞĞŶŝŶŐĐŽŶƐŝƐƚƐŽĨĂƐĐƌĞĞŶǁĂůůĂŶĚĂƉŽƌƚŝŽŶĐŽŶƐŝƐƚƐŽĨĂ
ǀĞŐĞƚĂƚĞĚĞĂƌƚŚĞŶďĞƌŵ͘
ĞƚĞŶƚŝŽŶ͗
^ƚŽƌŵǁĂƚĞƌĚĞƚĞŶƚŝŽŶƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌdŚĞĞŶƚĞƌĂƐĂǁŚŽůĞǁĞƌĞĂĚĚƌĞƐƐĞĚĂƚƚŚĞƚŝŵĞŽĨƚŚĞŝŶŝƚŝĂů
ĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚĂŶĚĂĐĐŽƌĚŝŶŐƚŽƚŚĞĚĞƚĂŝůƐƉƌŽǀŝĚĞĚŽŶƚŚĞĞǀĞůŽƉŵĞŶƚWůĂŶKsϭϮͲ
ϵϴͲϭϮ͘EŽĂĚĚŝƚŝŽŶĂůĚĞƚĞŶƚŝŽŶŝƐƌĞƋƵŝƌĞĚ͘
^ĞǁĞƌ͗
dŚĞƌĞŝƐĂŶŽŶƐŝƚĞƉƌŝǀĂƚĞƐĞǁĞƌĂǀĂŝůĂďůĞĨŽƌĐŽŶŶĞĐƚŝŽŶĂŶĚĂĐĐŽƌĚŝŶŐƚŽƚŚĞĂŶĂĚĂƌŽƐƐƌŽĂĚƐ
ĞǀĞůŽƉŵĞŶƚWůĂŶ͕ĂďƵŝůĚŝŶŐƐĞǁĞƌƐƚƵďŝƐĂůƌĞĂĚLJŝŶƐƚĂůůĞĚ͘
tĂƚĞƌ͗
KƌŽsĂůůĞLJtĂƚĞƌhƚŝůŝƚLJĨĂĐŝůŝƚŝĞƐĂůƌĞĂĚLJĞdžŝƐƚŽŶƐŝƚĞǁŝƚŚĂŶĞdžŝƐƚŝŶŐǁĂƚĞƌƐĞƌǀŝĐĞĂŶĚĨŝƌĞƐĞƌǀŝĐĞƐƚƵď͘
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>ĂŵďĞƌƚ>ĂŶĞĂŶĚ>ĂĂŶĂĚĂƌŝǀĞŝƐĂĨŽƵƌͲůĞŐƐŝŐŶĂůŝnjĞĚŝŶƚĞƌƐĞĐƚŝŽŶ͘dŚĞŶŽƌƚŚďŽƵŶĚ͕ƐŽƵƚŚďŽƵŶĚ͕ĂŶĚ
ĞĂƐƚďŽƵŶĚĂƉƉƌŽĂĐŚĞƐĐŽŶƐŝƐƚŽĨŽŶĞĚĞĚŝĐĂƚĞĚůĞĨƚͲƚƵƌŶůĂŶĞ͕ƚǁŽƚŚƌŽƵŐŚůĂŶĞƐĂŶĚŽŶĞĚĞĚŝĐĂƚĞĚƌŝŐŚƚƚƵƌŶ
ůĂŶĞ͖ƚŚĞǁĞƐƚďŽƵŶĚĂƉƉƌŽĂĐŚĐŽŶƐŝƐƚƐŽĨŽŶĞĚĞĚŝĐĂƚĞĚůĞĨƚͲƚƵƌŶůĂŶĞ͕ŽŶĞĚĞĚŝĐĂƚĞĚƚŚƌŽƵŐŚůĂŶĞ͕ĂŶĚŽŶĞ
ƐŚĂƌĞĚƚŚƌŽƵŐŚͬƌŝŐŚƚͲƚƵƌŶůĂŶĞ͘
ϰWZKWK^^/dKE/d/KE^
ϰ͘ϭ^ŝƚĞĐĐĞƐƐ͕ŝƌĐƵůĂƚŝŽŶĂŶĚWĂƌŬŝŶŐ
dŚĞWƌŽũĞĐƚƉƌŝŵĂƌLJƐŝƚĞĂĐĐĞƐƐǁŝůůďĞĂĐŚŝĞǀĞĚƚŚƌŽƵŐŚŽŶĞĞdžŝƐƚŝŶŐĨƵůůĂĐĐĞƐƐĚƌŝǀĞǁĂLJĂůŽŶŐ>ĂĂŶĂĚĂƌŝǀĞ͘
DŽƚŽƌŝƐƚƐĐĂŶĂĐĐĞƐƐƚŚĞƐŝƚĞǀŝĂĞdžŝƐƚŝŶŐƌŝŐŚƚͲŝŶͬƌŝŐŚƚͲŽƵƚĚƌŝǀĞǁĂLJƐĂůŽŶŐ>ĂŵďĞƌƚ>ĂŶĞĂŶĚ>ĂĂŶĂĚĂƌŝǀĞ
WƌŽũĞĐƚ^ŝƚĞ
>ĂŵďĞƌƚ>ĂŶĞ>ĂĂŶĂĚĂƌŝǀĞ
'ƌĞĞŶůŝŐŚƚdƌĂĨĨŝĐŶŐŝŶĞĞƌŝŶŐ͕>>
^ϭϰϬϱϬEϴϯƌĚǀĞ͕^ƚĞϮϵϬ͕WĞŽƌŝĂ͕ϴϱϯϴϭ
d;ϲϬϮͿϰϵϵͲϭϯϯϵtŐƌĞĞŶůŝŐŚƚƚĞ͘ĐŽŵϯŽĨϰ
ƵƐŝŶŐƚŚĞŝŶƚĞƌŶĂůĐŝƌĐƵůĂƚŝŽŶǁŝƚŚŝŶƚŚĞůĂƌŐĞƌĐŽŵŵĞƌĐŝĂůĚĞǀĞůŽƉŵĞŶƚ͘dŚĞƌĞĂƌĞŶŽƐŝŐŚƚĚŝƐƚĂŶĐĞĐŽŶĐĞƌŶƐ
ĂƚĂŶLJŽĨƚŚĞĞdžŝƐƚŝŶŐƐŝƚĞĂĐĐĞƐƐĚƌŝǀĞǁĂLJůŽĐĂƚŝŽŶƐ͘
KƉĞƌĂƚŝŽŶƐŝŶĨŽƌŵĂƚŝŽŶǁĂƐƉƌŽǀŝĚĞĚďLJƚŚĞƚĞŶĂŶƚǁŚŽŽƉĞƌĂƚĞƐƚŚĞ,ŽƵŐŚƚŽŶdŽǁŶĞŶƚĞƌƌĞƐƚĂƵƌĂŶƚ͕
ůŽĐĂƚĞĚĂƚ,ŽƵŐŚƚŽŶZŽĂĚͬKůĚsĂŝůZŽĂĚŝŶdƵĐƐŽŶ͕͘dŚĞƉĞĂŬďƵƐŝŶĞƐƐŚŽƵƌƐŽĨƚŚĞƌĞƐƚĂƵƌĂŶƚĂƌĞďĞƚǁĞĞŶ
ϭϭDʹϭWD͕ǁŝƚŚϭϭDʹϭϮWDďĞŝŶŐƚŚĞƚLJƉŝĐĂůƉĞĂŬŚŽƵƌ͘dŚĞďƵƐŝĞƐƚĚĂLJŽĐĐƵƌƌĞĚŝŶDĂLJϮϬϮϭǁŝƚŚĂ
ƉĞĂŬŚŽƵƌŽĨĂƉƉƌŽdžŝŵĂƚĞůLJϮϲĞŶƚĞƌŝŶŐǀĞŚŝĐůĞƐ͘dŚĞƚLJƉŝĐĂůƉĞĂŬŚŽƵƌŵĂdžŝŵƵŵŶƵŵďĞƌŽĨǀĞŚŝĐůĞƐŝŶƚŚĞ
ĚƌŝǀĞͲƚŚƌŽƵŐŚƋƵĞƵĞŝƐϲͲϳ͘sĞŚŝĐůĞƐƚLJƉŝĐĂůůLJĐŽŵƉůĞƚĞƚŚĞĞŶƚŝƌĞĚƌŝǀĞͲƚŚƌŽƵŐŚƚƌĂŶƐĂĐƚŝŽŶǁŝƚŚŝŶĂďŽƵƚϮ
ŵŝŶƵƚĞƐ͘
dŚĞƌĞŝƐĂƐŝŶŐůĞͲůĂŶĞĚƌŝǀĞͲƚŚƌŽƵŐŚƉƌŽƉŽƐĞĚŽŶƚŚĞƐŝƚĞ͘dŚĞĚƌŝǀĞǁĂLJǁŝůůďĞŐŝŶĂƚƚŚĞŶŽƌƚŚǁĞƐƚĐŽƌŶĞƌŽĨƚŚĞ
ƐŝƚĞǁŚŝĐŚƚƌĂǀĞůƐĂůŽŶŐƚŚĞǁĞƐƚƐŝĚĞŽĨƚŚĞďƵŝůĚŝŶŐĂŶĚĐŽŶƚŝŶƵĞƐƚŽƚŚĞƉŝĐŬƵƉǁŝŶĚŽǁŽŶƚŚĞƐŽƵƚŚƐŝĚĞŽĨ
ƚŚĞďƵŝůĚŝŶŐ͘dŚĞĚƌŝǀĞͲƚŚƌŽƵŐŚĞdžŝƚǁŝůůďĞŽŶƚŚĞƐŽƵƚŚĞĂƐƚĐŽƌŶĞƌŽĨƚŚĞƐŝƚĞ͘
WĂƌŬŝŶŐǁŝůůďĞƉƌŽǀŝĚĞĚĨŽƌƚŚŝƐĚĞǀĞůŽƉŵĞŶƚŽŶĂůůƐŝĚĞƐŽĨƚŚĞďƵŝůĚŝŶŐ͘dŚĞƌĞǁŝůůďĞĂƚŽƚĂůŽĨϯϮƉĂƌŬŝŶŐ
ƐƉĂĐĞƐ͕ŝŶĐůƵĚŝŶŐϮĂĐĐĞƐƐŝďůĞƐƉĂĐĞƐ͕ƉƌŽǀŝĚĞĚďLJƚŚĞWƌŽũĞĐƚ͘
ϰ͘ϮdƌŝƉ'ĞŶĞƌĂƚŝŽŶ
ĞĨŽƌĞƌĞĚƵĐƚŝŽŶƐĚƵĞƚŽƉĂƐƐͲďLJƚƌŝƉƐ͕ƚŚĞWƌŽũĞĐƚŝƐĨŽƌĞĐĂƐƚƚŽŐĞŶĞƌĂƚĞĂƉƉƌŽdžŝŵĂƚĞůLJϲϵDƉĞĂŬŚŽƵƌƚƌŝƉƐ͕
ϱϭWDƉĞĂŬŚŽƵƌƚƌŝƉƐ͕ĂŶĚϳϮϮĚĂŝůLJƚƌŝƉƐŽŶĂƚLJƉŝĐĂůǁĞĞŬĚĂLJďĂƐĞĚŽŶƚŚĞ/ŶƐƚŝƚƵƚĞŽĨdƌĂŶƐƉŽƌƚĂƚŝŽŶ
ŶŐŝŶĞĞƌƐ;/dͿdƌŝƉ'ĞŶĞƌĂƚŝŽŶDĂŶƵĂů;d'DͿ͕ϭϭƚŚĚŝƚŝŽŶ͘
ĨƚĞƌĂĚũƵƐƚŵĞŶƚƐĨŽƌƉĂƐƐͲďLJƚƌŝƉƐ͕ƚŚĞWƌŽũĞĐƚŝƐĨŽƌĞĐĂƐƚƚŽŐĞŶĞƌĂƚĞĂƉƉƌŽdžŝŵĂƚĞůLJϯϯDƉĞĂŬŚŽƵƌƚƌŝƉƐ͕Ϯϭ
WDƉĞĂŬŚŽƵƌƚƌŝƉƐĂŶĚϲϱϲĚĂŝůLJƚƌŝƉƐ͘dŚĞƐĞĂƌĞƚŚĞĞƐƚŝŵĂƚĞĚŶĞǁƚƌŝƉƐƚŚĂƚĂƌĞĞdžƉĞĐƚĞĚƚŽďĞĂĚĚĞĚƚŽƚŚĞ
ƌŽĂĚǁĂLJŶĞƚǁŽƌŬ͘ĂůĐƵůĂƚĞĚƚƌŝƉǀĂůƵĞƐĂƌĞƐŚŽǁŶŝŶdĂďůĞϭ͘ĚĞƚĂŝůĞĚƚƌŝƉŐĞŶĞƌĂƚŝŽŶĐĂůĐƵůĂƚŝŽŶƐŚĞĞƚŝƐ
ŝŶĐůƵĚĞĚŝŶƚƚĂĐŚŵĞŶƚ͘
ϰ͘ϯWĂƐƐͲLJdƌŝƉƐ
WĂƐƐͲďLJƚƌŝƉƐĂƌĞŝŶƚĞƌŵĞĚŝĂƚĞƐƚŽƉƐŵĂĚĞďLJŵŽƚŽƌŝƐƚƐƚƌĂǀĞůŝŶŐĨƌŽŵĂŶŽƌŝŐŝŶƚŽĂƉƌŝŵĂƌLJƚƌŝƉĚĞƐƚŝŶĂƚŝŽŶ͘
WĂƐƐͲďLJƚƌŝƉƐĂƌĞĂƚƚƌĂĐƚĞĚƚŽĂƚƌŝƉŐĞŶĞƌĂƚŽƌĨƌŽŵĞdžŝƐƚŝŶŐĂĚũĂĐĞŶƚƐƚƌĞĞƚƚƌĂĨĨŝĐ͞ƉĂƐƐŝŶŐďLJ͟ƚŚĞƵƐĞ͘dŚĞƐĞ
ƚƌŝƉƐĂƌĞŶŽƚŶĞǁƚƌŝƉƐĂĚĚĞĚƚŽƚŚĞƌŽĂĚǁĂLJďLJƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͖ŚŽǁĞǀĞƌ͕ƚŚĞLJĂƌĞƐƚŝůůĂĐĐŽƵŶƚĞĚ
ĨŽƌĂƚƚŚĞƐŝƚĞĚƌŝǀĞǁĂLJƐ͘^ŝŶĐĞƉĂƐƐͲďLJƚƌŝƉƐĐŽŵĞĨƌŽŵĞdžŝƐƚŝŶŐƚƌĂĨĨŝĐĂůƌĞĂĚLJƚƌĂǀĞůŝŶŐƉĂƐƚƚŚĞƐŝƚĞ͕ƚŚĞƐĞƚƌŝƉƐ
ĂƌĞĚĞĚƵĐƚĞĚĨƌŽŵƚŚĞƚŽƚĂůŶĞǁƚƌŝƉƐŐĞŶĞƌĂƚĞĚďLJƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͘
ĂƐĞĚŽŶĂƉƉĞŶĚŝĐĞƐĐŽŶƚĂŝŶĞĚǁŝƚŚŝŶƚŚĞ/dd'D͕&ĂƐƚͲ&ŽŽĚZĞƐƚĂƵƌĂŶƚǁŝƚŚƌŝǀĞͲdŚƌŽƵŐŚtŝŶĚŽǁDͬWD
ƉĞĂŬŚŽƵƌĂǀĞƌĂŐĞƉĂƐƐͲďLJƉĞƌĐĞŶƚĂŐĞƐĂƌĞϱϬйͬϱϱй͘
dĂďůĞϭ͗WƌŽũĞĐƚdƌŝƉ'ĞŶĞƌĂƚŝŽŶ
>ĂŶĚhƐĞ/d
ŽĚĞϭ^ŝnjĞhŶŝƚ
DWĞĂŬ,ŽƵƌWDWĞĂŬ,ŽƵƌĂŝůLJ
sŽůƵŵĞ/ŶKƵƚdŽƚĂů/ŶKƵƚdŽƚĂů
&ĂƐƚͲ&ŽŽĚZĞƐƚĂƵƌĂŶƚǁŝƚŚƌŝǀĞͲdŚƌŽƵŐŚtŝŶĚŽǁ ϵϯϰ ϭ͘ϱϰ <^&'&Ϯ ϯϱ ϯϰ ϲϵ Ϯϳ Ϯϰ ϱϭ ϳϮϮ
dŽƚĂůƌŝǀĞǁĂLJdƌŝƉƐ ϯϱ ϯϰ ϲϵ Ϯϳ Ϯϰ ϱϭ ϳϮϮ
&ĂƐƚͲ&ŽŽĚZĞƐƚĂƵƌĂŶƚǁŝƚŚƌŝǀĞͲdŚƌŽƵŐŚtŝŶĚŽǁWĂƐƐͲLJdƌŝƉƐĂƚϱϬйĂŶĚ
ϱϱй;DĂŶĚWDͿϯͲϭϴ Ͳϭϴ Ͳϯϲ Ͳϭϱ Ͳϭϱ ͲϯϬ Ͳϲϲ
WĂƐƐͲLJƌŝǀĞǁĂLJdƌŝƉƐ Ͳϭϴ Ͳϭϴ Ͳϯϲ Ͳϭϱ Ͳϭϱ ͲϯϬ Ͳϲϲ
dŽƚĂůEĞǁdžƚĞƌŶĂůdƌŝƉƐ ϭϳ ϭϲ ϯϯ ϭϮ ϵ Ϯϭ ϲϱϲ
ϭ͘>ĂŶĚhƐĞŽĚĞ;>hͿ͕ƉĞƌ/dd'D͕ϭϭƚŚĚŝƚŝŽŶ͘
Ϯ͘<^&'&сϭ͕ϬϬϬƐƋƵĂƌĞĨĞĞƚŽĨŐƌŽƐƐĨůŽŽƌĂƌĞĂ
ϯ͘WĂƐƐͲďLJƚƌŝƉƌĂƚĞƐƐƵŵŵĂƌŝnjĞĚĨƌŽŵ/dd'DƉƉĞŶĚŝĐĞƐ͘
'ƌĞĞŶůŝŐŚƚdƌĂĨĨŝĐŶŐŝŶĞĞƌŝŶŐ͕>>
^ϭϰϬϱϬEϴϯƌĚǀĞ͕^ƚĞϮϵϬ͕WĞŽƌŝĂ͕ϴϱϯϴϭ
d;ϲϬϮͿϰϵϵͲϭϯϯϵtŐƌĞĞŶůŝŐŚƚƚĞ͘ĐŽŵϰŽĨϰ
ϱKE>h^/KE^
dŚĞĨŽůůŽǁŝŶŐĐŽŶĐůƵƐŝŽŶƐĂƌĞŵĂĚĞďĂƐĞĚŽŶƚŚĞĨŝŶĚŝŶŐƐŽĨƚŚĞWƌŽũĞĐƚd/^͗
ϭ͘dŚĞWƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽŐĞŶĞƌĂƚĞĂƉƉƌŽdžŝŵĂƚĞůLJϲϵDƉĞĂŬŚŽƵƌ͕ϱϭWDƉĞĂŬŚŽƵƌĂŶĚϳϮϮĚĂŝůLJ
ƚƌŝƉƐďĂƐĞĚŽŶƚŚĞ/ddƌŝƉ'ĞŶĞƌĂƚŝŽŶDĂŶƵĂů͕ϭϭƚŚĚŝƚŝŽŶ͘ĨƚĞƌĂĚũƵƐƚŵĞŶƚƐĨŽƌƉĂƐƐͲďLJƚƌŝƉƐ͕ƚŚĞ
WƌŽũĞĐƚŝƐĨŽƌĞĐĂƐƚƚŽŐĞŶĞƌĂƚĞĂƉƉƌŽdžŝŵĂƚĞůLJϯϯDƉĞĂŬŚŽƵƌƚƌŝƉƐ͕ϮϭWDƉĞĂŬŚŽƵƌƚƌŝƉƐĂŶĚϲϱϲ
ĚĂŝůLJƚƌŝƉƐ͘
Ϯ͘dŚĞWƌŽũĞĐƚŝƐŶŽƚĞdžƉĞĐƚĞĚƚŽŚĂǀĞĂƐŝŐŶŝĨŝĐĂŶƚŝŵƉĂĐƚƚŽƚŚĞƐƵƌƌŽƵŶĚŝŶŐƌŽĂĚǁĂLJŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂƐŝƚ
ŝƐĞdžƉĞĐƚĞĚƚŽŐĞŶĞƌĂƚĞƵŶĚĞƌϭϬϬƉĞĂŬŚŽƵƌƚƌŝƉƐ͘
ϯ͘dŚĞƌĞĂƌĞŶŽƐŝŐŚƚͲĚŝƐƚĂŶĐĞĐŽŶĐĞƌŶƐĂƚƚŚĞĞdžŝƐƚŝŶŐWƌŽũĞĐƚĚƌŝǀĞǁĂLJƐ͘
ϲZKDDEd/KE^
/ŶƐƵŵŵĂƌLJ͕ƚŚĞƉƌŽƉŽƐĞĚWƌŽũĞĐƚŝƐĞdžƉĞĐƚĞĚƚŽŚĂǀĞŶŽƐŝŐŶŝĨŝĐĂŶƚŝŵƉĂĐƚŽŶƚŚĞĂĚũĂĐĞŶƚƌŽĂĚǁĂLJŶĞƚǁŽƌŬ͘
dŚĞĨŽůůŽǁŝŶŐƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐǁĞƌĞĚĞǀĞůŽƉĞĚďĂƐĞĚŽŶƚŚĞĨŝŶĚŝŶŐƐŽĨƚŚĞWƌŽũĞĐƚd/^͗
ϭ͘ĞƐŝŐŶĂŶĚĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚĞƉƌŽƉŽƐĞĚWƌŽũĞĐƚŝŵƉƌŽǀĞŵĞŶƚƐƐŚŽƵůĚĐŽŶĨŽƌŵƚŽƚŚĞdŽǁŶŽĨKƌŽ
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Trip Generation AnalysisProject:221043 ONET SR 92 Tropcial Smoothie Originator:Maria Jimenez Checked:Collette Frohlich, PEDate:3/30/2022Data Source:Dynamic Civil Designs Site Plan Reference Manual:ITE Trip Generation Manual, 11th EditionSize:1.54Independent Variable:GFATime Period:Weekday (Monday - Friday), Peak Hour Adjacent Street TrafficSetting/LocationGeneral Urban/SuburbanAM Calc PM Calc ADT Calc AM PMLand UseLUCUnitsSizeInOutTotalInOutTotalTotalInOutTotalInOutTotalADTTRIP ENDSFast-Food Restaurant with Drive-Through Window 934 1000 SF GFA 1.54 51% 49% 44.61 52% 48% 33.03 467.48 35 34 69 27 24 51 722Subtotal Trip Ends 35 34 69 27 24 51 722PASS BY TRIPSFast-Food Restaurant with Drive-Through Window193850%55%181836151530362Subtotal Pass-By181836151530362External Trip Ends 17 16 33 12 9 21 3601. Pass-by rates were taken from the ITE Trip Gen Manual, 11th Ed Pass-by Tables.
VIEWSHED IMAGE 1
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VIEWSHED IMAGE 2
VIEW: EAST
LAMBER
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VIEWSHED IMAGE 3
VIEW: EAST
LAMBER
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VIEWSHED IMAGE 4
VIEW: EAST
LAMBER
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TIONSMAP & CROSS SECT
LAMBERT LANE
LA CANADA DR
TROPICAL SMOOTHIE - LA CANADA DR
OV2202232
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4574 North First Avenue #100, Tucson, AZ 85718
Phone 520.206.0591 Fax 520.882.3006
NOTES
WALL/TRELLIS DETAIL
working days before you begin excavationContact Arizona 811 at least two fullCall 811 or click Arizona811.comCONCEPTUAL SITE PLANTROPICAL SMOOTHIE - LA CANADA DR22022322202232CONCEPTUAL SITE PLANTROPICAL SMOOTHIE-LA CANADA DRLOCATED IN THE N.E. 1/4 OF SEC 15, T12S, R13E, G&SRM,TOWN OF ORO VALLEY, PIMA COUNTY, ARIZONADynamicCivil DesignsLLC 1 0(L320(1( :$< 78C621 $5,=21$ 3+ (0$,L Mamesmcm#livecRm0
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LOT 1 BK59, PG27 M&P
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Phone 520.206.0591 Fax 520.882.3006
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.353637386720191111539404142432202232444546474849505152DEVELOPMENT PLANCANADA CROSSROADSA PORTION OF SECTION 15, T12S, R13E, G&SRM,TOWN OF ORO VALLEY, PIMA COUNTY, ARIZONAN LA CANADA DR (PUBLIC)UNSUBDIVIDEDAPN 224-39-001EZONED C-N134589131521242424202132323433343440404041414044453939345375152UNSUBDIVIDEDAPN 224-39-001EZONED C-NUNSUBDIVIDEDAPN 224-39-001EZONED C-NUNSUBDIVIDEDAPN 224-39-001CZONED C-NORO VALLEY SHOPPING
CENTER / APARTMENTS
LOT 1 BK59, PG27 M&P
ZONED PAD 4627294222434485036301421162043393424171622222223233539491816312139101126727472727271211181617272828282738212524311919212121629
ND Enterprises, LLC
6501 E. Greenway Pkwy
#103-707
Scottsdale, AZ 85254
P (480) 297-5577
Date: 7.27.2023
Conceptual Architecture Narrative, 6th submittal
Tropical Smoothie Café @ 10335 N. La Canada Dr. Oro Valley, AZ
Introduction
This new freestanding Tropical Smoothie Café is approximately 1,650 SF and will contain a
drive thru. The building materials have been selected to match the shopping center and all paint
colors have been provided by the landlord. We have included a floor plan, site plan, elevations,
color elevations are consistent with the landlord’s adjacent building, sections as well as
materials and sections.
Siting and Orientation
This site design fits well within the property lines and includes ample parking for customers as
well as adequate stacking at the drive thru. We are also providing an area for out door seating
that will meet the design requirements. The front of the building faces N. La Canada Dr and is
positioned well to be seen from this main rd. The access to the drive thru lane is easy to see
and the turns are gently to allow proper stacking.
Scale and Massing
This building is a prototypical design for this brand and has a parapet height of 19’ and 20’ at
the entrance achieve an overall balanced design. The materials of painted stucco, split faced
block and arched windows match the existing shopping center. The parapets screen all of the
rooftop equipment. The cooler is within the interior of the building and an interior roof top ladder
is included.
Color and Materials
Per the color elevations and 3D renderings the building reflects the landlord’s criteria and
approved masonry base. The color of the awning at the drive thru only will add color to the
overall look.
Screening
All rooftop units will be hidden by the raised parapet walls
Thank you for your consideration.
SIGNS MUST BE REVIEWED AND APPROVEDUNDERSEPARATE APPLICATION.
Site Photos – Tropical Smoothie Café
View from La Canada Sidewalk at NE Corner
View from La Canada Sidewalk at South Entry Drive
From Onsite ‐ East Side
From Onsite‐East side ‐ continued
From Onsite‐East side ‐ continued
Onsite Northwest Corner
Onsite Southwest Corner
Traffic and
Parking
Questions
Comments or concerns
Co m p r eh en s i v e Su m m ar y o f Nei g h b o r h o o d Meet i n g s
Project: Proposed drive-thru use near the southwest corner of Lambert Ln. and La Cañada Dr.
Location and Time: Town Hall and online from 6-7:30
Dates: 1st Neighborhood Meeting held on: June 8, 2022
2nd Neighborhood Meeting held on: June 27, 2023
Impact to
shared
parking -
parking lot is
full now
Where will
deliveries
occur?
How will
customers
access the
business?
Were other
locations
considered?
(OV
Marketplace)
Could this
be moved to
the northern,
vacant pad?
What happens
if vehicles
extend outside
of the queuing
area?
Where is
the menu
board
located?
How much
traffic will
this
generate?
How does the
centers traffic
numbers
compare to
other Tropical
Smoothies?
Signs, lighting,
design Other
How will people
parked south of
the building
access the
front door?
Concern
about the
width of
driving aisles
in the center
Traffic
circulation
in the
center
Lighting -
impacts to
other
businesses
Concerns
with the
architecture
Views
Is the height
comparable
to the other
buildings?
Compatibility and impact to adjacent patios
Signs -
Quality and
appearance
Effects on
Harvest
restaurant
Can the
screen
wall be
taller?
Could the
building be
moved
further east?
Does the
building
need to be
20' tall?
Location
of trash
enclosure
Noise,
fumes and
safety of
drive thru
Compatibility
Drive thru
fit within
center
How many
new parking
spaces are
proposed?
Are other
tropical
smoothies
located next to
outdoor patios?
Do any conditions
from the previous
rezoning or
development
agreement apply?
Compromises /
Design Changes
Plant shorter
maturing
trees to limit
view impacts
What are the
permitted uses
for the site if
the project is
not approved?
What is the
approved
height and
footprint of the
building?
Move
building
further
towards the
south east.
Relocate/reorient
drive-thru
speaker away
from Harvest
Patio.
Opposition
against
reducing the
250' from
residential
Move patio
to other
side of the
building
Continued
concerns
about
drive-thru use
on site
What happens
if Tropical
Smoothie
goes out of
business?
Is there a
market in Oro
Valley for a
drive-thru
service?
Applying
design
standards to
preserve Oro
Valley views
How many
drive-thrus
are allowed
on the site?
Concern about
noise from
diesel/larger
vehicles in the
drive-thru
Compliance
with the
existing
development
agreement
Odors from
drive-thru
impacting
other
businesses
Safety
concerns
for
pedestrians
Is a conditional
use permit
required if a
drive-thru is not
built?
What are the
requirements
for a
conditional
use permit?
Are drive-thrus
permitted in
Oro Valley
outside Oracle
Road?
Drive-thru
compatiblity
along La
Canada and
Lambert.
Oro Valley has
is signifcant
market segment
in Oro Valley for
drive thrus.
Support
for
drive-thru
use
In t r o d u c t i o n s an d Wel c o m e
Meeting facilitator Milini Simms, Principal Planner, introduced the agenda for the meeting and public participation process. Approximately 30 residents and interested parties attended, including Councilmembers Greene and Jones-Ivey, and Planning and Zoning Commissioner Sturmon.
To w n St af f Pr es en t at i o n
Kyle Packer, Senior Planner and the Town?s lead reviewer for this proposal, provided a presentation that included:
-Location
-Existing zoning and previously approved development plan for the entire center
-Factors considered during the development review process such as traffic, noise, compatibility and use-specific requirements
-Conditional Use Permit (CUP) process
-Applicant?s request to reduce the residential buffer distance
A p p l i c an t Pr es en t at i o n
Rory Juneman of Lazarus and Silvyn, representing the applicant Tropical Smoothie, provided a presentation that included:
-Existing Property and Development Plan
-Review of June 2022 Meeting Feedback
-Updated Site Plan
-Changes made based on Feedback
-Updated Renderings
-Viewsheds
Qu es t i o n s an d c o m m en t s
The participants reviewed and added (new comments shown in yellow) to the questions and comments heard from the previous meeting. Each area of concern was then discussed in detail to identify potential design solutions.
Co n c l u s i o n an d Nex t St ep s :
The applicant?s representative, Rory Juneman provided more detail and answered questions related to the proposal. Senior Planner Kyle Packer answered questions about the Town?s processes and requirements.
Ms. Simms closed the meeting, thanked everyone for their attendance and encouraged participants to contact Kyle Packer, at kpacker@orovalleyaz.gov, with any additional comments, questions, or concerns and visit OVprojects.com for updated project information and opportunities to stay involved.
The next step is for the project to be considered by the Planning and Zoning Commission.
Project has good
compatibility; lower
height, smaller
size, and doesn't
directly compete
with other
businesses
Project is
likely to bring
additional
clients to
plaza.
LEGEND
Blue - received during 1st
neighborhood meeting
Yellow - added during 2nd
neighborhood meeting
Green - Potential design
changes.
1
Packer, Kyle
From:Hynd, Jessica
Sent:Monday, June 6, 2022 5:11 PM
To:Packer, Kyle
Subject:CUP comments
Hi Kyle,
I received a few calls to object to the “fast food restaurant” proposal. As an additional FYI, am sure you are aware,
Harvest posted on their Facebook page for people to attend the Wednesday meeting and stop the pad from being built
on. There is also a petition সহ
1. Pam Krebs – concerned that for a place that sells fast food, this is the wrong location, should go on Oracle Rd, takes
away from the upscale of Oro Valley, this is already a busy intersection.
I explained the CUP and she said Oro Valley is know for having allowed plans changed and she does not want a
fast food business going in.
2. Louise – Objection to the fast food restaurant by Harvest, will hurt the patio views
3. Linda - - Objection to the building of a fast food restaurant that will hurt the 2 restaurants already in complex
Jessica Hynd
Constituent Services Coordinator/ Management Assistant
Town of Oro Valley
11000 N. La Canada Drive
Oro Valley, Arizona 85737
Office: 520.229.4711
Jhynd@orovalleyaz.gov
1
Packer, Kyle
From:Hynd, Jessica
Sent:Tuesday, June 7, 2022 2:19 PM
To:Packer, Kyle
Subject:FW: Proposed drive thru fast food restaurant at SW corner of Lambert and La Canada
Follow Up Flag:Follow up
Flag Status:Flagged
Hey,
This was forwarded to me as FYI and I am not going to put into my report since I am not responding
Jessica
Jessica Hynd
Constituent Services Coordinator/ Management Assistant
Town of Oro Valley
11000 N. La Canada Drive
Oro Valley, Arizona 85737
Office: 520.229.4711
Jhynd@orovalleyaz.gov
From: Sirois, Andrea <asirois@orovalleyaz.gov>
Sent: Tuesday, June 7, 2022 8:37 AM
To: Stine, Michelle <mstine@orovalleyaz.gov>; Standish, Michael <mstandish@orovalleyaz.gov>
Cc: Hynd, Jessica <jhynd@orovalleyaz.gov>
Subject: FW: Proposed drive thru fast food restaurant at SW corner of Lambert and La Canada
FYI
Sincerely,
Andrea Sirois
Executive Assistant
Town Manager, Mayor and Council
Town of Oro Valley
Direct Line: 520-229-4714
From:
Sent: Monday, June 6, 2022 9:10 PM
To: Town Council <council@orovalleyaz.gov>
Subject: Proposed drive thru fast food restaurant at SW corner of Lambert and La Canada
To the Mayor and Council
The proposed drive thru fast food restaurant in front of the two restaurants presents a dilemma in that both restaurants
claim that a drive thru would ruin their patio dining with exhaust and vehicle traffic noise in addition to spoiling their
2
patrons’ patio views. The other side of the coin is the owner of the parcel having a presumptive right to develop
(something) on a lot that has been empty for a substantial period of time. If it would be financially feasible for both
restaurants to purchase that property and leave it undeveloped, problem solved. But the city of Oro Valley precluding an
owner from developing would be tantamount to a taking of property without just compensation. Bad press? Lawsuit?
I do agree that a drive thru fast food establishment probably is not the best solution as it would be to the detriment of
both restaurants given the configuration of the area and might additionally create problem traffic patterns for that SW
corner.
The property owner and the restaurant owners (to the extent they have not already done so) should take additional
time to meet and hammer out some reasonable compromise.
My Thoughts: Property owners should not be unreasonably precluded from developing their investment in Oro Valley;
that corner could use more business entities; Oro Valley could use more sales tax revenue from added business entities
to that corner; the two existing restaurants in their current states are positive attractions to that corner and to Oro
Valley.
Bill Wissler
1433 W Bridalveil Place
Oro Valley, Arizona 85737
1
Packer, Kyle
From:Hynd, Jessica
Sent:Tuesday, June 7, 2022 2:19 PM
To:Packer, Kyle
Subject:FW: Fast food restaurant
Follow Up Flag:Follow up
Flag Status:Flagged
And another one
Jessica Hynd
Constituent Services Coordinator/ Management Assistant
Town of Oro Valley
11000 N. La Canada Drive
Oro Valley, Arizona 85737
Office: 520.229.4711
Jhynd@orovalleyaz.gov
From: Sirois, Andrea <asirois@orovalleyaz.gov>
Sent: Tuesday, June 7, 2022 8:38 AM
To: Standish, Michael <mstandish@orovalleyaz.gov>; Stine, Michelle <mstine@orovalleyaz.gov>
Cc: Hynd, Jessica <jhynd@orovalleyaz.gov>
Subject: FW: Fast food restaurant
FYI
Sincerely,
Andrea Sirois
Executive Assistant
Town Manager, Mayor and Council
Town of Oro Valley
Direct Line: 520-229-4714
From:
Sent: Monday, June 6, 2022 7:00 PM
To: Town Council <council@orovalleyaz.gov>
Subject: Fast food restaurant
To the Mayor and Council:
I am registering my opposition to the fast food drive thru “restaurant” to be built at the SW corner of
La Canada and Lambert.
We do not need more traffic on either street, nor the noise and pollution produced by such traffic, nor
the loitering common to fast food establishments. Oro Valley deserves better than this.
2
The construction of the intersection does not allow for safely exiting to the west or to the north from
that quadrant.
Please do not approve this.
Janis Johnson
1433 W Bridalveil Pl
Oro Valley AZ