Edmonton (Alta.) - 2013 - Complete streets guidelines (2013-05-06)

Page 1

(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KH :D\ :H 0RYH

&203/(7( 675((76 *8,'(/,1(6 0D\


3KRWR &UHGLWV 7KLV SDJH LQWHQWLRQDOO\ EODQN

$OO SKRWRV FRXUWHV\ RI 6WDQWHF DQG $OWD 3ODQQLQJ 'HVLJQ H[FHSW DV IROORZV 3DJH 'DUUHQ .LUE\ EXOOLYHU RQ ÁLFNU FRP 3DJH -DFNO\Q $WODV 7&$7 3DJH &LW\ RI (GPRQWRQ DOO LPDJHV

3DJH &LW\ RI (GPRQWRQ DOO LPDJHV

3DJH &LW\ RI (GPRQWRQ 3DJH &LW\ RI (GPRQWRQ 3DJH -DFNO\Q $WODV 7&$7 3DJH &LW\ RI (GPRQWRQ 3DJH +DUG\ +XDQJ 6WUHHW 2ULHQWHG -DFNO\Q $WODV 7&$7 1RQ 6WUHHW 2ULHQWHG &LW\ RI (GPRQWRQ 5HVLGHQWLDO 3DJH (ODQD +RURZLW] 7&$7 0DMRU 3XEOLF 6SDFHV DQG ,QVWLWXWLRQV &LW\ RI (GPRQWRQ ,QGXVWULDO +DUG\ +XDQJ &RPPHU FLDO 0L[HG 8VH

3DJH &LW\ RI (GPRQWRQ $UWHULDO

3DJH 'DUUHQ .LUE\ EXOOLYHU RQ ÁLFNU FRP 3DJH &LW\ RI (GPRQWRQ 3DJH 7RP <RXQJ XUEDQREVHUYDWLRQV FRP 3DJH 2QWDULR *URZWK 6HFUHWDULDW 0LQLVWU\ RI ,QIUDVWUXFWXUH 7&$7 3DJH 0DFN 0DOH PDVWHUPDT FD 3DJH +DUG\ +XDQJ 3DJH &LW\ RI (GPRQWRQ


&RQWHQWV ,QWURGXFWLRQ 6XSSRUWLQJ (GPRQWRQ·V 9LVLRQ ² 7KH :D\ $KHDG ,QWHQW RI WKH *XLGHOLQHV $SSO\LQJ WKH *XLGHOLQHV 1DYLJDWLQJ WKH 'RFXPHQW &RPSOHWH 6WUHHWV 3ULQFLSOHV 3ULQFLSOHV ,PSURYLQJ &RPSOHWHQHVV &RPSOHWH 6WUHHWV 3URFHVV 'HÀQH 3URMHFW *RDOV DQG 6FRSH ,GHQWLI\ 0RGDO 3ULRULWLHV ,GHQWLI\ 6WUHHW 7\SH 6HOHFW (OHPHQWV 0DNH 7UDGHRIIV &RQÀUP 5HFRPPHQGHG 'HVLJQ &RPSOHWH 6WUHHWV (OHPHQWV 7RRONLW *HQHUDO 6WUHHW 'HVLJQ 2SHUDWLRQ 3HGHVWULDQV %LNH 1HWZRUN 6WUHHWV 7UDQVLW *RRGV 0RYHPHQW &RPSOHWH 6WUHHWV &RQWH[W ,OOXVWUDWLRQV ,PSOHPHQWDWLRQ 6WUDWHJ\ 3ULRULW\ 1HWZRUN 0DSV *UHHQÀHOG 3LORWV DQG ([DPSOH &URVV 6HFWLRQ 'HYHORSPHQW $UWHULDO 5HKDELOLWDWLRQ DQG 1HLJKERXUKRRG 5HQHZDO 3LORW &RVW (IÀFLHQF\ $QDO\VLV 6WDQGDUGV %\ODZ 3ROLF\ $PHQGPHQWV $GGLWLRQDO 3URMHFWV DQG 3URFHVVHV )XWXUH (OHPHQW ,QYHVWLJDWLRQV 8WLOLWLHV DQG /DQGVFDSLQJ (GXFDWLRQ DQG 2XWUHDFK 8SGDWH 'HVLJQ DQG &RQVWUXFWLRQ 6WDQGDUGV $SSHQGL[ $ 8QGHUVWDQGLQJ WKH *XLGHOLQHV IRU &LWL]HQV $SSHQGL[ % *ORVVDU\ $SSHQGL[ & $FNQRZOHGJHPHQWV


7KLV SDJH LQWHQWLRQDOO\ EODQN

7KLV SDJH LQWHQWLRQDOO\ EODQN


,1752'8&7,21

(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

,1752'8&7,21

&RPSOHWH 6WUHHWV DUH VDIH FRPIRUWDEOH DQG FRQYHQLHQW IRU WUDYHO IRU HYHU\RQH UHJDUGOHVV RI DJH RU DELOLW\ ²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

SLSHV JDV VHUYLFH OLQHV DQG VWUHHW OLJKWV $V RQH ZRXOG H[SHFW ZLWK WKH PDQ\ GLYHUVH UROHV WKDW VWUHHWV SOD\ DQG WKH GLIIHUHQW XVHUV WKH\ VHUYH QRW DOO VWUHHWV ORRN H[DFWO\ DOLNH QRU VKRXOG ZH H[SHFW WKDW WKH GHVLJQ RI HYHU\ VWUHHW EH H[DFWO\ WKH VDPH 7KH &LW\ RI (GPRQWRQ·V 6WUDWHJLF 3ODQ 7KH :D\ $KHDG DQG WKH &LW\·V 7UDQVSRUWDWLRQ 0DVWHU 3ODQ 7KH :D\ :H 0RYH ERWK HVWDEOLVK WKH QHHG WR VXSSRUW PXOWLSOH ZD\V RI OLYLQJ DQG PRYLQJ ZLWKLQ WKH FLW\ 7KH :D\ :H 0RYH UHFRJQL]HV

WKDW WUDQVSRUWDWLRQ LV DERXW PRUH WKDQ VLPSO\ PRYLQJ SHRSOH JRRGV DQG VHUYLFHV 5RDGZD\V DUH HVVHQ WLDO LQIUDVWUXFWXUH WKDW VKDSH RXU XUEDQ IRUP LPSDFW RXU HFRQRPLF ZHOO EHLQJ DQG DFW DV YLWDO FRPSR QHQWV RI RXU FRPPXQLW\ DQG TXDOLW\ RI OLIH :LWK WKHVH SULQFLSOHV LQ PLQG 7KH :D\ :H 0RYH KDV LGHQWLÀHG WKH QHHG IRU D &RPSOHWH 6WUHHWV VWUDWHJ\ IRU (GPRQWRQ WR EHWWHU UHÁHFW WKHVH DVSLUDWLRQV IRU WKH FLW\ WKURXJK WKH GHVLJQ DQG RSHUDWLRQ RI RXU VWUHHWV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

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

6XSSRUWLQJ (GPRQWRQ·V 9LVLRQ ² 7KH :D\ $KHDG 7KH VSLULW DQG FRQWHQW RI WKLV GRFXPHQW LV DOLJQHG ZLWK WKH IRXU JXLGLQJ SULQFLSOHV RI (GPRQWRQ·V 6WUDWHJLF 3ODQ 7KH :D\ $KHDG ,QWHJUDWLRQ ´$ KROLVWLF YLHZ RI VWUDWHJLF SODQQLQJ WKDW DFNQRZO HGJHV WKH LQWHU UHODWHG DQG LQWHUGHSHQGHQW UHDOLW\ RI FRPSOH[ XUEDQ HQYLURQPHQWV µ

6XVWDLQDELOLW\ ´$ ZD\ RI OLYLQJ WKDW PHHWV WKH QHHGV RI WKH SUHVHQW DQG GRHV QRW FRPSURPLVH WKH DELOLW\ RI IXWXUH JHQHUDWLRQV WR PHHW WKHLU RZQ QHHGV µ /LYDELOLW\ ´$ VHW RI LQWHUUHODWHG IDFWRUV WKDW LQÁXHQFH SHRSOH LQ FKRRVLQJ ZKHUH WKH\ OLYH DQG UHLQIRUFH WKHLU VHQVH RI ZHOO EHLQJ µ ,QQRYDWLRQ ´$ SODQQLQJ DSSURDFK DQG RSHUDWLRQDO FXOWXUH ZLWKLQ D PXQLFLSDOLW\ WKDW HQFRXUDJHV DQG HQDEOHV FRQWLQXRXV LPSURYHPHQW DQG WKH H[SORUDWLRQ DQG DGRSWLRQ RI QHZ WHFKQLTXHV WHFKQRORJLHV SURGXFWV DQG ZD\V RI RSHUDWLQJ LQ RUGHU WR LPSURYH UHVXOWV DQG OHDG SURJUHVVLYH FKDQJH µ

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ÀFLHQWO\ WKURXJKRXW WKH FLW\ DQG WR SURYLGH UHDVRQDEOH DFFHVV ZLWK D YDULHW\ RI PRGHV IRU SHRSOH DFURVV GHPRJUDSKLF JHRJUDSKLF VRFLR HFRQRPLF DQG PRELOLW\ VSHFWUXPV 7UDQVSRUWDWLRQ 0RGH 6KLIW 3XEOLF WUDQVLW DQG DFWLYH WUDQVSRUWDWLRQ DUH WKH SUHIHUUHG FKRLFH IRU PRUH SHRSOH PDNLQJ LW SRVVLEOH IRU WKH WUDQVSRUWDWLRQ V\VWHP WR PRYH PRUH SHRSOH PRUH HIÀFLHQWO\ LQ IHZHU YHKLFOHV 6XVWDLQDELOLW\ 7UDQVSRUWDWLRQ GHFLVLRQV UHÁHFW DQ LQWHJUDWHG DSSURDFK WR HQYLURQPHQWDO ÀQDQFLDO DQG VRFLDO LPSDFWV WKHUHE\ FUHDWLQJ VXVWDLQDEOH OLYDEOH FRPPXQLWLHV WKDW PLQLPL]H WKH QHHG IRU QHZ LQIUDVWUXFWXUH DQG LQFUHDVH TXDOLW\ RI OLIH +HDOWK DQG 6DIHW\ 7KH WUDQVSRUWDWLRQ V\VWHP VXSSRUWV KHDOWK\ DFWLYH OLIHVW\OHV DQG DGGUHVVHV XVHU VDIHW\ DQG VHFXULW\ LQFOXGLQJ DFFHVV IRU HPHUJHQF\ VHUYLFHV FRQWULEXWLQJ WR (GPRQWRQ·V OLYDELOLW\ :HOO 0DLQWDLQHG ,QIUDVWUXFWXUH 7KH WUDQVSRUWDWLRQ V\VWHP LV SODQQHG DQG GHYHORSHG VR WKDW WKH &LW\ LV DEOH WR NHHS LW LQ D JRRG VWDWH RI UHSDLU DQG IXWXUH JURZWK LV DFFRPPRGDWHG LQ D ÀVFDOO\ UHVSRQVLEOH DQG VXVWDLQDEOH PDQQHU (FRQRPLF 9LWDOLW\ (IÀFLHQW PRYHPHQW RI JRRGV FRQYHQLHQW PRELOLW\ RI WKH ODERXU IRUFH DQG DFFHVV WR D YLEUDQW FLW\ FHQWUH DUH IHDWXUHV RI WKH WUDQVSRUWDWLRQ V\VWHP WKDW HQKDQFH WKH HFRQRPLF YLWDOLW\ DQG FRPSHWLWLYH DGYDQWDJH RI (GPRQWRQ DQG WKH UHJLRQ


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KH &LW\ RI (GPRQWRQ KDV GHYHO RSHG &RPSOHWH 6WUHHWV *XLGHOLQHV DV SDUW RI LPSOHPHQWLQJ WKH &LW\·V 7UDQVSRUWDWLRQ 0DVWHU 3ODQ 7KH :D\ :H 0RYH 7KH &RPSOHWH 6WUHHWV *XLGHOLQHV DOVR VXSSRUW WKH JRDOV RI WKH &LW\·V 0XQLFLSDO 'HYHORSPHQW 3ODQ 7KH :D\ :H *URZ (GPRQWRQ·V 3HRSOH 3ODQ 7KH :D\ :H /LYH (GPRQ WRQ·V (QYLURQPHQWDO 6WUDWHJLF 3ODQ 7KH :D\ :H *UHHQ DQG (GPRQ WRQ·V (FRQRPLF 'HYHORSPHQW 3ODQ 7KH :D\ :H 3URVSHU

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

3URYLGH LQQRYDWLYH VWUHHW EXLOGHUV ZLWK SROLWLFDO DQG FRPPXQLW\ VXSSRUW IRU GRLQJ WKLQJV GLIIHUHQWO\ 6KLIW IURP D ULJLG GHVLJQ VWDQGDUG WR D ÁH[LEOH DSSURDFK DFNQRZO HGJLQJ WKDW ´RQH VL]H GRHV QRW ÀW DOOµ DQG WKH GHVLJQ RI LQGLYLGXDO VWUHHWV VKRXOG UHÁHFW WKH FRQWH[W RI WKH DUHD ODQG XVHV DQG W\SHV RI XVHUV IRU ZKLFK WKH VWUHHW SURYLGHV DFFHVV %H DV HIÀFLHQW DV SRVVLEOH ZLWK VSDFH $FNQRZOHGJH WKDW (GPRQWRQ·V H[LVWLQJ VWUHHW GHVLJQ JHQHUDOO\ SURYLGHV FRPSOHWH VWUHHWV DV LV LQ PDQ\ VLWXDWLRQV EXW DGGLWLRQDO JXLGDQFH LV QHHGHG IRU PLVVLQJ QHWZRUN SLHFHV 7KH *XLGHOLQHV SURYLGH DGGLWLRQDO UHFRPPHQGD WLRQV IRU EHVW SUDFWLFH DQG VSHFLÀF JXLGDQFH IRU DSSURSULDWH ELNH IDFLOLWLHV :RUN WRZDUGV LPSURYLQJ WKH DHVWKHWLFV RI URDGZD\V LQ WKH ULJKW FRQWH[WV $GRSWLRQ RI WKH &RPSOHWH 6WUHHWV *XLGHOLQHV RYHU WLPH ZLOO UHVXOW LQ WKH FUHDWLRQ RI D WUDQVSRUWDWLRQ QHWZRUN WKDW DFFRPPRGDWHV WKH QHHGV IRU DOO PRGHV RI WUDYHO $ QHWZRUN DSSURDFK ZLOO LQFOXGH IDFLOLWLHV WKDW SULRULWL]H FHUWDLQ PRGHV DQG RWKHU IDFLOLWLHV WKDW EDODQFH WKH QHHGV RI DOO XVHUV LQ D VDIH FRQWH[W VHQVLWLYH PDQQHU $V VXFK FRPSOHWH VWUHHWV ZLOO QRW

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


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

$SSO\LQJ WKH *XLGHOLQHV :KR :LOO 8VH WKH *XLGHOLQHV"

&RPSOHWH 6WUHHWV *XLGHOLQHV ZLOO DIIHFW WKRVH ZKR GHVLJQ EXLOG DQG PDLQWDLQ VWUHHWV DV ZHOO DV FLWL]HQV ZKR OLYH DQG WUDYHO RQ WKRVH VWUHHWV )RU GHVLJQHUV WKH *XLGHOLQHV GR QRW GLFWDWH ULJLG VWDQGDUGV IRU URDGZD\ GHVLJQ UDWKHU WKH\ SURYLGH JUHDWHU ÁH[LELOLW\ WR FRPELQH D UDQJH RI DSSURSULDWH GHVLJQ GLPHQVLRQV GHSHQGLQJ RQ WKH ORFDWLRQ RI WKH URDGZD\ LWV IXQFWLRQ DQG WKH QDWXUH RI WKH VXUURXQGLQJ DUHD 7KH *XLGHOLQHV UHFRJQL]H WKDW WKH UDQJH RI DFFHSW DEOH GHVLJQ GLPHQVLRQV FDQ LQFOXGH ´VWDQGDUGµ W\SLFDO GLPHQVLRQV DV ZHOO DV ´FRQVWUDLQHGµ GLPHQVLRQV JHQHUDOO\ VPDOOHU WR KHOS HQDEOH WKH FUHDWLRQ RI D GHVLJQ WKDW VXSSRUWV WKH PXOWL PRGDO REMHF WLYHV RI WKH VWUHHW 7KLV LV FRQVLV WHQW ZLWK HVWDEOLVKHG QDWLRQDO URDG GHVLJQ JXLGHOLQHV ZKLFK ´SURYLGH

GHVLJQHUV ZLWK D JUHDWHU RSSRUWX QLW\ WR H[HUFLVH WKHLU FULWLFDO MXGJPHQW²ZLWK EHWWHU LQIRUPDWLRQ RQ ZKLFK WR EDVH WKHLU MXGJPHQW µ ,Q SDUWLFXODU LW LV FRQVLVWHQW ZLWK WKH 'HVLJQ 'RPDLQ FRQFHSW FRQ WDLQHG LQ WKH 7$& *HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV VHH *ORVVDU\ IRU DGGLWLRQDO GHVFULSWLRQ )RU FLWL]HQV WKH &RPSOHWH 6WUHHWV *XLGHOLQHV DUH LQWHQGHG WR EH DQ DFFHVVLEOH DQG XQGHUVWDQGDEOH GRFXPHQW WR GLVSOD\ WKH YDULRXV GHVLJQV WKDW DUH SRVVLEOH IRU D URDGZD\ 7KHVH JXLGHOLQHV ZLOO DOORZ GHVLJQHUV DQG FLWL]HQV WR XVH D FRPPRQ ODQJXDJH ZKLOH ZRUNLQJ WRJHWKHU XVLQJ WKH ,QYROYLQJ (GPRQ WRQ IUDPHZRUN (GPRQWRQ·V SXEOLF FRQVXOWDWLRQ JXLGHOLQHV WR FUHDWH URDGZD\V WKDW PHHW WKH QHHGV RI WKHLU FRPPXQLWLHV IRU ERWK WKH SUHVHQW DQG WKH IXWXUH $GGLWLRQDO LQIRUPDWLRQ WR DVVLVW FLWL]HQV LQ XVLQJ WKH *XLGHOLQHV LV LQFOXGHG LQ $SSHQGL[ $

7$& 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD *HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 6HFWLRQ SDJH

:KHQ $UH 7\SLFDO 2SSRUWXQLWLHV IRU $SSO\LQJ WKH &RPSOHWH 6WUHHWV *XLGHOLQHV"

1XPHURXV FLUFXPVWDQFHV KDYH EHHQ LGHQWLÀHG ZLWKLQ WKH FXUUHQW PXQLFLSDO IUDPHZRUN ZKHUH RSSRUWXQLWLHV ZLOO PRVW IUHTXHQWO\ DULVH WR DSSO\ WKH &RPSOHWH 6WUHHWV *XLGHOLQHV 5HKDELOLWDWLRQ RI QHLJKERXUKRRGV L H VLGHZDONV FXUE DQG JXWWHU URDGZD\V DQG UHODWHG DPHQLWLHV 5HKDELOLWDWLRQ RI VWUHHW FRUULGRUV W\SLFDOO\ DUWHULDO URDGZD\V &RQVWUXFWLRQ RI QHZ QHLJKERXU KRRG VWUHHWV DQG FRUULGRUV 6PDOOHU SURMHFWV VXFK DV URXWLQH RSHUDWLRQV DQG PDLQWHQDQFH ZRUN WKDW FDQ EH WUDQVIRUPDWLYH RYHU WLPH


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

+RZ :LOO WKH *XLGHOLQHV %H $GRSWHG DQG 8SGDWHG 2YHU 7LPH"

(GPRQWRQ·V &RPSOHWH 6WUHHWV *XLGHOLQHV UHSUHVHQW D FKDQJH LQ DSSURDFK DQG DUH VHHQ DV D VWDUWLQJ SRLQW UDWKHU WKDQ D ÀQDO L]HG FRQFOXVLRQ 7KHUH DUH QXPHU RXV DVSHFWV RI LPSOHPHQWLQJ WKH &RPSOHWH 6WUHHWV *XLGHOLQHV DV RXWOLQHG LQ WKH ,PSOHPHQWDWLRQ 6WUDWHJ\ VHFWLRQ RI WKLV GRFXPHQW ZKLFK ZLOO EH XQGHUWDNHQ RYHU WKH QH[W ÀYH \HDUV $V H[SHULHQFHV DUH JDLQHG LQ LPSOHPHQWLQJ WKH *XLGH OLQHV WKH GRFXPHQW LWVHOI ZLOO EH UHYLHZHG DQG XSGDWHG RQ D UHJXODU EDVLV WR UHÁ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ÀHOG DUHDV WKH GHYHORSPHQW RI D VHULHV RI H[DPSOH &RPSOHWH 6WUHHWV FURVV VHFWLRQV

DQG FRVW HIÀFLHQF\ DQDO\VLV 7KHVH VWHSV DUH IXUWKHU GLVFXVVHG LQ 6HFWLRQ *UHHQÀHOG ,PSOHPHQWD WLRQ DQG &RVW (IÀFLHQF\ $QDO\VLV ,Q DGGLWLRQ WKH H[WHQW RI LPSOH PHQWDWLRQ RQ UHKDELOLWDWLRQ DQG QHLJKERXUKRRG UHQHZDO SURMHFWV QHHGV WR EH DVVHVVHG WR XQGHUVWDQG WKH FRVW DQG SURFHVV LPSOLFDWLRQV $V D UHVXOW WKH JXLGHOLQHV ZLOO KDYH D SKDVHG DSSOLFDWLRQ RYHU WKH QH[W IHZ \HDUV

1DYLJDWLQJ WKH 'RFXPHQW 6HFWLRQ RI WKLV GRFXPHQW FRQWDLQV D VHW RI SULQFLSOHV GHYHORSHG LQ FRQVXOWDWLRQ ZLWK VWDNHKROGHUV ZKLFK UHSUHVHQW WKH IUDPHZRUN ERWK IRU WKH FUHDWLRQ RI WKH JXLGH OLQHV WKHPVHOYHV DQG IRU WKH GHWDLOHG GHVLJQ RI VWUHHWV 6HFWLRQ GHVFULEHV WKH SURFHVV IRU GHVLJQLQJ &RPSOHWH 6WUHHWV LQ (GPRQWRQ LQFOXGLQJ HDFK LQWHQGHG


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

VWHS GHÀQLQJ WKH JRDOV RI WKH VWUHHW GHVLJQ HVWDEOLVKLQJ GHVLJQ SULRULW\ DPRQJVW WKH GLIIHUHQW PRGHV RI WUDYHO LGHQWLI\LQJ WKH FRPSRXQG VWUHHW W\SH VHOHFWLQJ DSSURSULDWH VWUHHW HOHPHQWV WR DFFRPSOLVK WKH JRDOV RI WKH GHVLJQ GHWHUPLQLQJ KRZ WR PDNH WUDGHRIIV ZKHUH GLIIHUHQW WUDYHO PRGHV DQG SULRULWLHV FRQÁLFW DQG FRQÀUPLQJ WKH ÀQDO GHVLJQ EDVHG RQ FRPSDUL VRQ DJDLQVW &RPSOHWH 6WUHHWV SULQFLSOHV DQG LGHQWLÀHG SURMHFW JRDOV 6HFWLRQ LV D ´WRRONLWµ RI FRPSOHWH VWUHHWV HOHPHQWV DQG GHVFULEHV KRZ DQG ZKHUH WKH GLIIHUHQW RSWLRQV IRU VWUHHW GHVLJQ VKRXOG EH DSSOLHG ,W

DOVR GHVFULEHV RSWLRQV IRU YDULDWLRQV WR WKH HOHPHQWV ZKHQ D GHVLJQHU LV IRUFHG WR PDNH WUDGHRIIV WR DFFRP SOLVK WKH JRDOV RI WKH SURMHFW 6HFWLRQ OD\V RXW D QXPEHU RI LPSOHPHQWDWLRQ ´QH[W VWHSVµ IRU SXWWLQJ WKHVH JXLGHOLQHV LQWR SUDFWLFH $SSHQGL[ $ SURYLGHV LQIRUPDWLRQ WR DVVLVW FLWL]HQV LQ XVLQJ WKH *XLGHOLQHV $SSHQGL[ % LV D JORVVDU\ RI WHUPV XVHG LQ WKLV GRFXPHQW


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN

7KLV SDJH LQWHQWLRQDOO\ EODQN


&203/(7( 675((76 35,1&,3/(6


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

&203/(7( 675((76 35,1&,3/(6

3ULQFLSOHV &RPSOHWH 6WUHHWV LQ (GPRQWRQ DUH LQWHQGHG WR ‡ 3URYLGH WUDYHO RSWLRQV IRU DOO XVHUV DQG WULS SXUSRVHV LQ D VDIH DFFHVVLEOH FRQWH[W VHQVLWLYH ZD\ LQ DOO VHDVRQV ‡ )RUP D QHWZRUN RI VWUHHWV WKDW WRJHWKHU DFFRPPRGDWH DOO XVHUV DQG DOORZ IRU HIÀFLHQW DQG KLJK TXDOLW\ WUDYHO H[SHULHQFHV ‡ %H DGDSWDEOH E\ DFFRPPRGDWLQJ WKH QHHGV RI WKH SUHVHQW DQG IXWXUH WKURXJK HIIHFWLYH VSDFH DOORFDWLRQ IRU WKH PDQ\ IXQFWLRQV RI WKH VWUHHW ‡ &RQWULEXWH WR WKH HQYLURQPHQWDO VXVWDLQDELOLW\ DQG UHVLOLHQF\ RI WKH FLW\ ‡ &RQVLGHU ERWK GLUHFW DQG LQGLUHFW FRVWV DV ZHOO DV WKH YDOXH RI WKH URDGZD\ DQG WKH DGMDFHQW UHDO HVWDWH ‡ %H YLEUDQW DQG DWWUDFWLYH SHRSOH SODFHV LQ DOO VHDVRQV WKDW FRQWULEXWH WR DQ LPSURYHG TXDOLW\ RI OLIH


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

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ÁHFW WKH VXUURXQGLQJ FKDUDFWHULVWLFV DQG XVHUV

3ULQFLSOHV ,PSURYLQJ &RPSOHWHQHVV 7KH &RPSOHWH 6WUHHWV 3ULQFLSOHV DUH OLVWHG EHORZ DORQJ ZLWK VHYHUDO EXOOHWV SURYLGLQJ DGGLWLRQDO JXLG DQFH RQ KRZ HDFK RI WKH SULQFLSOHV FDQ LPSURYH WKH FRPSOHWHQHVV RI VWUHHWV LQ (GPRQWRQ 7KHVH UHSUH VHQW GHVLJQ LGHDV WKDW DUH QRW PDQGDWRU\ EXW KHOS WR LOOXVWUDWH ZKDW LPSOHPHQWDWLRQ RI WKH SULQFLSOHV FRXOG ORRN OLNH

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

)RUP D QHWZRUN RI VWUHHWV WKDW WRJHWKHU DFFRPPRGDWH DOO XVHUV DQG DOORZ IRU HIÀFLHQW DQG KLJK TXDOLW\ WUDYHO H[SHULHQFHV ,PSOHPHQWDWLRQ RI WKLV SULQFLSOH ZLOO JHQHUDOO\ LPSURYH FRPSOHWH QHVV RI VWUHHWV E\

5HÁHFWLQJ WKH FKDUDFWHU VFDOH DQG QHHGV RI WKH QHLJKERXUKRRG DQG VXUURXQGLQJ DUHD 7KDW LV QRW DOO FRPSOHWH VWUHHWV ZLOO ORRN LGHQWLFDO VRPH VWUHHWV PD\ QHHG WR DFFRPPRGDWH DOO PRGHV ZKLOH RWKHUV PD\ DFFRPPRGDWH D PRUH OLPLWHG UDQJH RI PRGHV &RQVLGHULQJ DQG HYDOXDWLQJ WKH

3URYLGH WUDYHO RSWLRQV WUDGHRIIV EHWZHHQ HIÀFLHQF\ DQG IRU DOO XVHUV DQG WULS TXDOLW\ RI MRXUQH\ IRU HDFK PRGH SXUSRVHV LQ D VDIH DFFHVVLEOH FRQWH[W VHQVLWLYH ,QFOXGLQJ DOO VWUHHWV QHZ VWUHHWV DQG VWUHHWV WKDW UHTXLUH UHKDELOL ZD\ LQ DOO VHDVRQV ,PSOHPHQWDWLRQ RI WKLV SULQFLSOH ZLOO JHQHUDOO\ LPSURYH FRPSOHWH

WDWLRQ UHQHZDO UHSDLU PDLQWH QDQFH RU RSHUDWLRQDO UHYLHZ

,QFOXGLQJ VWUHHWV LQ DOO ORFDWLRQV UHVLGHQWLDO FRPPHUFLDO PL[HG XVH LQGXVWULDO DQG LQVWLWXWLRQDO DQG IRU DOO IXQFWLRQDO W\SHV IUHHZD\V DUWHULDOV FROOHFWRUV ORFDOV DOOH\V

%H DGDSWDEOH E\ DFFRPPRGDWLQJ WKH QHHGV RI WKH SUHVHQW DQG IXWXUH WKURXJK HIIHFWLYH VSDFH DOORFDWLRQ IRU WKH PDQ\ IXQFWLRQV RI WKH VWUHHW ,PSOHPHQWDWLRQ RI WKLV SULQFLSOH ZLOO JHQHUDOO\ LPSURYH FRPSOHWH QHVV RI VWUHHWV E\

$QWLFLSDWLQJ LPSOHPHQWDWLRQ RYHU D SHULRG RI WLPH EDVHG RQ D FOHDU IUDPHZRUN IRU VWUHHW GHVLJQ HOHPHQWV WKDW JXLGHV KRZ DQG ZKHUH WR DFKLHYH WKH PRVW SURJUHVV &RQVLGHULQJ WKH DSSURSULDWH DPRXQW RI URDG ULJKW RI ZD\ UHTXLUHG WRGD\ DQG LQ WKH IXWXUH WR VXSSRUW WKH DGMDFHQW FRPPXQLWLHV &RQVLGHULQJ ÁH[LELOLW\ WR LQFRUSR UDWH LQQRYDWLYH DQG SURJUHVVLYH GHVLJQ IHDWXUHV 3URYLGLQJ SODFHV IRU EDVLF HOH PHQWV LQ WKH VWUHHW VXFK DV EXV VWRS SDGV XWLOLWLHV ÀUH K\GUDQWV RQ VWUHHW SDUNLQJ WHFKQRORJ\ VXFK DV ,QWHOOLJHQW 7UDQVSRUWDWLRQ 6\VWHPV DQG OLJKWLQJ

&RQWULEXWH WR WKH HQYLURQPHQWDO VXVWDLQDELOLW\ DQG UHVLOLHQF\ RI WKH FLW\ ,PSOHPHQWDWLRQ RI WKLV SULQFLSOH ZLOO JHQHUDOO\ LPSURYH FRPSOHWH QHVV RI VWUHHWV E\

(QFRXUDJLQJ DQG IDFLOLWDWLQJ D VKLIW WRZDUGV VXVWDLQDEOH PRGHV RI WUDQVSRUWDWLRQ


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

‡ (QDEOLQJ UHGXFHG VWRUP ZDWHU UXQRII JUHHQKRXVH JDV HPLVVLRQV RWKHU SROOXWLRQ DQG HQHUJ\ FRQVXPSWLRQ

GHVLJQ FRVWV ‡ 5HFRJQL]LQJ WKH DSSURSULDWH FRVW RI XUEDQ GHVLJQ HOHPHQWV DQG UHTXLUHPHQWV IRU RQ VWUHHW SDUNLQJ ZLOO YDU\ GHSHQGLQJ RQ WKH FRQWH[W

&RQVLGHU ERWK GLUHFW DQG LQGLUHFW FRVWV DV ZHOO DV WKH YDOXH RI WKH URDGZD\ ‡ 6XSSRUWLQJ VWUHHWV DV GHVWLQD DQG WKH DGMDFHQW UHDO WLRQV IRU H[DPSOH YLEUDQW HVWDWH VKRSSLQJ DUHDV ,PSOHPHQWDWLRQ RI WKLV SULQFLSOH ZLOO JHQHUDOO\ LPSURYH FRPSOHWH QHVV RI VWUHHWV E\

‡ %HLQJ FRVW HIIHFWLYH WR EXLOG PDLQWDLQ DQG RSHUDWH E\ FRQVLG HULQJ WKH FRVWV DQG WUDGH RIIV WR WD[ SD\HUV GHYHORSHUV KRPH EX\HUV WKH &LW\ DQG XWLOLW\ FRPSDQLHV ‡ %HLQJ PLQGIXO RI KHDOWK VDIHW\ FROOLVLRQ HPLVVLRQ DQG XUEDQ

‡ $FFRPPRGDWLQJ WUXFNV LQ LQGXV WULDO DUHDV DQG RQ NH\ JRRGV PRYHPHQW URXWHV

%H YLEUDQW DQG DWWUDFWLYH SHRSOH SODFHV LQ DOO VHDVRQV WKDW FRQWULEXWH WR DQ LPSURYHG TXDOLW\ RI OLIH ,PSOHPHQWDWLRQ RI WKLV SULQFLSOH ZLOO JHQHUDOO\ LPSURYH FRPSOHWH QHVV RI VWUHHWV E\

‡ &UHDWLQJ VSDFHV WKDW HQFRXUDJH FLWL]HQV WR LQWHUDFW ZLWK HDFK RWKHU DQG WKHLU VXUURXQGLQJV LQ DOO VHDVRQV WKURXJK SURYLVLRQV

VXFK DV ZLGHU VLGHZDONV LQ WKH DSSURSULDWH FRQWH[W ‡ &RQVLGHULQJ DWWUDFWLYH XUEDQ GHVLJQ HOHPHQWV SXEOLF DUW VWUHHW WUHHV VWUHHW IXUQLWXUH DQG GHFRUDWLYH OLJKWLQJ ZKLOH UHGXFLQJ YLVXDO FOXWWHU LQ WKH DSSURSULDWH FRQWH[W ‡ &RQWULEXWLQJ WR D VHQVH RI SHUVRQDO VHFXULW\


&203/(7( 675((76 352&(66


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

&203/(7( 675((76 352&(66

,QWHJUDWLQJ :LWK ([LVWLQJ 3URFHVVHV 7KH &RPSOHWH 6WUHHWV GHVLJQ SURFHVV KDV EHHQ GHYHORSHG WR ÀW ZLWKLQ (GPRQWRQ·V H[LVWLQJ SODQQLQJ DQG GHVLJQ SURFHVVHV 7KRXJK &LW\ RI (GPRQWRQ VWDII PD\ XVH WKLV GHVLJQ IUDPHZRUN LQ DQ\ FRQWH[W LW ZLOO EH XOWLPDWHO\ HPEHGGHG LQ ‡ WKH )DFLOLW\ DQG &DSLWDO 3ODQQLQJ VHFWLRQ ZRUN SODQ DUWHULDO UHGHVLJQ UHKDELOLWDWLRQ ‡ WKH 1HLJKERXUKRRG 5HQHZDO 3URFHVV UHGHVLJQ UHKDELOLWDWLRQ XQGHUWDNHQ LQ H[LVWLQJ QHLJKERXUKRRGV ‡ QHZ QHLJKERXUKRRG GHYHORSPHQW SODQQLQJ DOO URDGZD\V GHVLJQHG DQG FRQVWUXFWHG LQ GHYHORSLQJ DUHDV RI WKH FLW\ DQG

‡ WKH 6WUHHWVFDSH ,QLWLDWLYHV 3URFHVV XQGHUWDNHQ E\ *UHDW 1HLJKERXUKRRGV RU 6XVWDLQDEOH 'HYHORSPHQW DV SDUW RI QHLJK ERXUKRRG UHYLWDOL]DWLRQ HIIRUWV 6WDNHKROGHU 3XEOLF ,QYROYHPHQW 6WDNHKROGHU DQG SXEOLF SDUWLFLSD WLRQ RFFXUV WKURXJKRXW WKH SURFHVV DFFRUGLQJ WR WKH &LW\·V 3XEOLF ,QYROYHPHQW 3ROLF\ & DQG SURFHHGV DFFRUGLQJ WR WKH ,QYROYLQJ (GPRQWRQ )UDPHZRUN IRU HDFK DVVRFLDWHG SODQQLQJ SURFHVV ,W LV DQWLFLSDWHG WKDW URDGZD\ UHFRQVWUXFWLRQ SURMHFWV LQ H[LVWLQJ QHLJKERXUKRRGV ZLOO UHTXLUH DSSURSULDWH SXEOLF LQYROYHPHQW VR WKDW VWUHHWV FDQ FRQVLGHU FRPPX QLW\ DVSLUDWLRQV DQG FRQFHUQV DORQJ ZLWK FXUUHQW GHVLJQ DQG RSHUDWLRQV WKURXJK WKH GHVLJQ SURFHVV ,Q QHZO\ GHYHORSLQJ QHLJKERXUKRRGV

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


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

$OLJQPHQW ZLWK &RPSOHWH 6WUHHWV 3ULQFLSOHV 'HILQH 3URMHFW *RDOV DQG 6FRSH

%URDG 3DUDPHWHUV

,GHQWLI\ 0RGDO 3ULRULWLHV

,GHQWLI\ 6WUHHW 7\SH

)LQDO &KHFN %DFN

6SHFLILFV

6HOHFW (OHPHQWV

0DNH 7UDGH RIIV

&RQILUP 5HFRPPHQGHG 'HVLJQ

3URFHVV )ORZFKDUW

'HÀQH 3URMHFW *RDOV DQG 6FRSH 'HVFULSWLRQ

$V D IRXQGDWLRQDO VWHS LQ WKH &RPSOHWH 6WUHHWV GHVLJQ SURFHVV WKH GHVLJQ WHDP DQG UHOHYDQW VWDNHKROGHUV DV LGHQWLÀHG WKURXJK WKH ,QYROYLQJ (GPRQWRQ )UDPHZRUN QHHG WR HVWDEOLVK DQG FRQÀUP D FOHDU XQGHUVWDQGLQJ RI WKH EURDG JRDOV DQG REMHFWLYHV RI WKH SURMHFW 7KLV XQGHUVWDQGLQJ RI VFRSH QHHGV WR LQFOXGH DQ XQGHUVWDQGLQJ RI KRZ WKH SURMHFW ZLOO IXOÀOO (GPRQWRQ·V &RPSOHWH 6WUHHWV SULQFLSOHV

‡ ,V WKH VWUHHW SULPDULO\ D OLQN RU SODFH" )RU JUHHQÀHOG GHYHORSPHQW 'HVLJQLQJ 1HZ 1HLJKERXUKRRGV *XLGHOLQHV IRU (GPRQWRQ·V )XWXUH 5HVLGHQWLDO &RPPXQLWLHV SURYLGHV GLUHFWLRQ RQ WKH YLVLRQ IRU LQWHUDF WLRQ EHWZHHQ WKH WUDQVSRUWDWLRQ QHWZRUN DQG ODQG XVHV LQ QHZ QHLJKERXUKRRGV ,Q H[LVWLQJ QHLJK ERUKRRGV WKLV YLVLRQ PD\ EH

SURYLGHG E\ DQ HVWDEOLVKHG $UHD 6WUXFWXUH 3ODQ RU $UHD 5HGHYHORS PHQW 3ODQ DQG VKRXOG EH FRQVLV WHQW ZLWK WKH &LW\·V 7UDQVIRUPLQJ (GPRQWRQ VWUDWHJLF SODQV

/LQN DQG 3ODFH

+LVWRULFDOO\ WUDQVSRUWDWLRQ V\VWHPV KDYH EHHQ GHVLJQHG EDVHG RQ URDGZD\ IXQFWLRQDO FODVVLÀFDWLRQ ZLWK WKH SULPDU\ IRFXV RI DFFRP PRGDWLQJ DXWRPRELOHV WR FRQQHFW GHVWLQDWLRQV 5RDGZD\V GHVLJQHG LQ WKLV IDVKLRQ W\SLFDOO\ IXQFWLRQ DV D OLQN WKDW LV GHVLJQHG RQO\ WR FRQQHFW SRLQW $ WR SRLQW % +RZHYHU WKH IXQFWLRQ RI URDGZD\V LV PRUH WKDQ FRQQHFWLQJ GHVWLQD WLRQV 5RDGZD\V DOVR IXQFWLRQ DV D VRFLDO VSDFH DQG KDYH D UHODWLRQVKLS ZLWK WKH SODFHV ZKHUH SHRSOH OLYH ZRUN DQG SOD\ 7KH &RPSOHWH 6WUHHWV *XLGHOLQHV GHVLJQ SKLORVR SK\ LV D VKLIW WR XVH ERWK OLQN DQG SODFH FRQFHSWV LQ GHVLJQLQJ

/LQN

‡ 6WUHHW DV D IDFLOLW\ IRU WKH PRYHPHQW RI SHRSOH ‡ &RQQHFW SHRSOH IURP 3RLQW $ WR 3RLQW %

)RU H[LVWLQJ FLW\ VWUHHWV UHOHYDQW TXHVWLRQV WKDW WKH GHVLJQ WHDP FDQ H[SORUH LQFOXGH ‡ :K\ DUH ZH UHGHVLJQLQJ UHKD ELOLWDWLQJ UH VWULSLQJ WKLV VWUHHW" ‡ :KDW DUH VRPH RI WKH FXUUHQW LVVXHV ZLWK WKH RSHUDWLRQ RI WKH VWUHHW RU VXUURXQGLQJ QHWZRUN" ‡ $UH WKHUH PLVVLQJ SLHFHV LQ WKH H[LVWLQJ QHWZRUN IRU VSHFLÀF PRGHV" ‡ :KDW DUH WKH UHOHYDQW FRPPXQLW\ DQG ODQG XVH SODQV" ‡ +RZ FDQ WKH GHVLJQ RI WKH VWUHHW HQFRXUDJH DSSURSULDWH GULYHU EHKDYLRXU WR FUHDWH D VDIH HQYLURQPHQW IRU DOO XVHUV"

3ODFH

‡ 6WUHHW DV D GHVWLQDWLRQ LQ LWV RZQ ULJKW


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

URDGZD\V 'HVLJQLQJ IRU DOO PRGHV ZLWK ERWK OLQN DQG SODFH FRQVLGHU DWLRQV KDV WKH SRWHQWLDO WR DGG ULFKQHVV WR (GPRQWRQ·V URDGZD\ V\VWHP 7KLV ZLOO KHOS WKH FLW\ WUDQVLWLRQ WR D QHWZRUN WKDW LV PRUH VXVWDLQDEOH DQG VDIH ZKLOH SURYLG LQJ SXEOLF VSDFHV WKDW DUH LQYLWLQJ IRU SHRSOH DQG EXVLQHVVHV

5HOHYDQW 5HIHUHQFHV

7KH IROORZLQJ UHIHUHQFH JXLGHOLQHV DQG RU SROLFLHV VKRXOG EH UHYLHZHG IRU JXLGDQFH RQ VWUHHW GHVLJQ JRDOV 'HVLJQLQJ 1HZ 1HLJKERXUKRRGV *XLGLQJ WKH SUHSDUDWLRQ RI QHZ 1HLJKERXUKRRG 6WUXFWXUH 3ODQV LQ XUEDQ JURZWK DUHDV WKLV GRFXPHQW DSSOLHV D SHUIRUPDQFH EDVHG DSSURDFK WR QHZ QHLJKERXUKRRG GHVLJQ LQ (GPRQWRQ 7ZHOYH VSHFLÀF RXWFRPHV DORQJ ZLWK 'HVLJQLQJ 1HZ 1HLJKERXUKRRGV SULQFLSOHV JXLGH WKH GHVLJQ RI QHZ QHLJKERXU KRRGV DQG VSHFLÀFDOO\ SURYLGH JXLGDQFH RQ WKH VWUHHW QHWZRUN LQ QHZ QHLJKERXUKRRGV $GGLWLRQDO LQIRUPDWLRQ LV IRXQG LQ ´'HVLJQLQJ 1HZ 1HLJKERXUKRRGV *XLGHOLQHV IRU (GPRQWRQ·V 'HYHORSLQJ &RPPXQL WLHVµ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·V :LOGOLIH 3DVVDJH (QJL QHHULQJ 'HVLJQ *XLGHOLQHV SURPRWH

WKH PDLQWHQDQFH RU HQKDQFHPHQW RI XUEDQ ELRGLYHUVLW\ E\ HQVXULQJ WKDW ZLOGOLIH SRSXODWLRQV DUH DEOH WR GLVSHUVH WKURXJKRXW WKH &LW\ 7KLV HQVXUHV WKDW ZLOGOLIH DUH DEOH WR DFFHVV DUHDV LQ RUGHU WR IXOÀOO OLIH F\FOHV DQG SUHYHQWV SRSXODWLRQV IURP EHFRPLQJ IUDJPHQWHG RU LVRODWHG 7KH JXLGHOLQHV DOVR KHOS DOOHYLDWH VDIHW\ FRQFHUQV DVVRFLDWHG ZLWK ZLOGOLIH YHKLFOH LQWHUDFWLRQV $FWLYH 7UDQVSRUWDWLRQ 3ROLF\ &

$FWLYH 7UDQVSRUWDWLRQ LQFOXGHV DQ\ IRUP RI KXPDQ SRZHUHG WUDQVSRU WDWLRQ WKH PRVW FRPPRQ PRGHV EHLQJ ZDONLQJ DQG F\FOLQJ 7KH SXUSRVH RI WKH $FWLYH 7UDQVSRUWD WLRQ 3ROLF\ LV WR RSWLPL]H RSSRUWXQL WLHV WR ZDON UROO DQG F\FOH IRU (GPRQWRQLDQV UHJDUGOHVV RI DJH DELOLW\ RU VRFLR HFRQRPLF VWDWXV WR HQKDQFH WKH VDIHW\ LQFOXVLYLW\ DQG GLYHUVLW\ RI RXU FRPPXQLWLHV DQG WR PLQLPL]H WKH LPSDFW RI WUDQVSRU WDWLRQ DFWLYLWLHV RQ (GPRQWRQ·V HFRV\VWHP 7UDQVLW 2ULHQWHG 'HYHORSPHQW 3ROLF\ & DQG *XLGHOLQHV 7UDQVLW 2ULHQWHG 'HYHORSPHQW 72' LV DQ DSSURDFK WR EXLOGLQJ D FLW\ ZKLFK FRQFHQWUDWHV KRXVLQJ VKRSSLQJ DQG HPSOR\PHQW DORQJ D QHWZRUN RI ZDONDEOH DQG ELNHDEOH VWUHHWV ZLWKLQ D ÀYH PLQXWH ZDON RI WUDQVLW VWDWLRQV ² RU PHWUHV LQ DQ\ GLUHFWLRQ 72' VXSSRUWV WKH &LW\·V YLVLRQ RI D YLEUDQW VXVWDLQ DEOH FLW\ ZLWK DWWUDFWLYH OLYHDEOH DQG PRUH FRPSDFW FRPPXQLWLHV

3URMHFW 6FRSH

/DQG XVHV DQG WUDQVSRUWDWLRQ QHHGV FKDQJH RYHU WLPH DQG FDQ YDU\ VLJQLÀFDQWO\ WKURXJKRXW D JLYHQ FRUULGRU RU QHLJKERXUKRRG ,W LV WKHUHIRUH LPSRUWDQW WR XQGHUVWDQG WKH H[LVWLQJ DQG DQWLFLSDWHG ODQG XVHV ZLWKLQ WKH SURMHFW DUHD 7R DLG LQ DGGUHVVLQJ WKHVH WHPSRUDO DQG

VSDWLDO FKDQJHV D GHÀ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ÀFLDO WR SHUIRUP VXSSOH PHQWDO VPDOO DUHD SODQQLQJ RU WUDIÀF VWXGLHV DV GLFWDWHG E\ FXUUHQW &LW\ RI (GPRQWRQ SODQQLQJ SURFHVVHV LQ DUHDV ZKHUH VLJQLÀFDQW FKDQJH LQ WKH VKRUW WHUP RU ORQJ WHUP LV SODQQHG 7KH &RPSOHWH 6WUHHWV *XLGHOLQHV SURYLGH DQ LQFUHDVHG OHYHO RI ÁH[LELOLW\ WKDW FDQ EH XVHG WR FXVWRPL]H YDU\LQJ FURVV VHFWLRQV DORQJ D SURMHFW FRUULGRU RU ZLWKLQ D SURMHFW QHLJK ERXUKRRG WR DFKLHYH WKH HQG JRDO RI PXOWL PRGDO FRQWLQXLW\ DQG FRKHVLYHQHVV DW WKH QHWZRUN VFDOH

,GHQWLI\ 0RGDO 3ULRULWLHV 'HVFULSWLRQ

,W LV LPSRUWDQW IRU WKH GHVLJQHU DQG UHOHYDQW VWDNHKROGHUV WR GHÀQH WKH PRGDO SULRULWLHV IRU D SDUWLFXODU VWUHHW VHJPHQW ,Q PRVW VLWXDWLRQV LW ZLOO QRW EH SRVVLEOH WR SURYLGH WKH KLJKHVW OHYHO RI VHUYLFH IRU DOO PRGHV DW WKH VDPH WLPH 7KH ÀYH PRGHV IRU ZKLFK D GHVLJQ SULRULW\ PXVW EH HVWDEOLVKHG L H GHÀQHG DQG GRFXPHQWHG DUH ZDONLQJ


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

F\FOLQJ WDNLQJ WUDQVLW PRYHPHQW RI JRRGV DQG VHUYLFHV DQG GULYLQJ DQ DXWRPRELOH 2Q HDFK URDGZD\ SURMHFW WKH PRGHV ZLOO EH UDQNHG IURP KLJKHVW WR ORZHVW SULRULW\ EDVHG RQ DQDO\VLV RI WKH FKDUDFWHU DQG IXQFWLRQ RI WKH URDGZD\ DQG LWV ODQG XVH FRQWH[W 7KLV GRHV QRW QHFHVVDULO\ PHDQ WKDW PRGHV ZLWK ORZHU UDQNLQJ ZLOO KDYH VXEVWDQGDUG SURYLVLRQ +RZHYHU WKH PRGDO UDQNLQJ GRHV SURYLGH JXLGDQFH IRU

FRQVLGHULQJ YDULRXV VWUHHW HOHPHQWV LQ WKH GHVLJQ /RZHU SULRULW\ PRGHV ZLOO DOVR EH WKH ÀUVW WR IDFH WUDGH RIIV LI WKHUH DUH FRQVWUDLQWV 7KH GHVLJQ WHDP PD\ KDYH WR ORRN WR RWKHU SDUDOOHO IDFLOLWLHV WR SURSHUO\ SURYLGH IRU WKH UHTXLUHPHQWV RI VRPH PRGH XVHUV

´KLJKHU SULRULW\µ RU ´ORZHU SULRU LW\µ VWDWXV 0RUH VSHFLÀF UDQNLQJ RI VRPH LQGLYLGXDO PRGHV UHODWLYH WR HDFK RWKHU PD\ EH QHFHVVDU\ DV WUDGH RIIV GHVFULEHG ODWHU DUH FRQVLGHUHG

*HQHUDOO\ WKH PRGDO SULRULWLHV DW WKLV VWDJH RI WKH SURFHVV FDQ EH HVWDEOLVKHG DV EHLQJ HLWKHU RI

,Q GHÀQLQJ PRGDO SULRULW\ HDFK PRGH SHGHVWULDQV ELF\FOLVWV WUDQVLW JRRGV DQG VHUYLFHV DQG DXWRV LV WR EH UDQNHG LQ RUGHU RI LPSRUWDQFH IRU WKH SDUWLFXODU VHJPHQW LQ TXHVWLRQ 7KH &LW\ RI (GPRQWRQ LV LQ WKH SURFHVV RI GHYHORSLQJ DQG FRQÀUPLQJ FLW\ ZLGH PRGDO SULRULW\ QHWZRUNV IRU H[LVWLQJ DQG IXWXUH GHYHORSHG DUHDV RI (GPRQWRQ 7KHVH QHWZRUNV ZLOO GHÀQH WKH ORFDWLRQV RI PXOWL PRGDO URXWHV DQG FRQQHFWLRQV DW D FLW\ ZLGH VFDOH RI LQÁXHQFH ZKLFK ZLOO WKHQ DVVLVW VWUHHW GHVLJQHUV LQ GHWHUPLQLQJ ZKLFK PRGHV QHHG WR EH JLYHQ KLJKHU SULRULW\ LI VSDFH FRQVWUDLQWV UHTXLUH WUDGH RIIV DPRQJ GHVLJQ HOHPHQWV

7DEOH 0RGDO 3ULRULW\ 1HWZRUNV 3HGHVWULDQ 3ULRULW\ $UHDV

7UDQVLW 2ULHQWHG 'HYHORSPHQW SODQ DUHDV 3HGHVWULDQ &RPPHUFLDO 6KRSSLQJ 6WUHHW 2YHUOD\ :K\WH $YHQXH &RPPHUFLDO 2YHUOD\ $OEHUWD $YHQXH 3HGHVWULDQ &RPPHUFLDO 6KRSSLQJ &HQWUH 2YHUOD\ 4XDUWHUV 2YHUOD\ 6SHFLDO $UHD 'RZQWRZQ &DSLWDO &LW\ 'RZQWRZQ 3ODQ DUHD

%XVLQHVV 5HYLWDOL]DWLRQ =RQHV %5=

%LF\FOLVW 3ULRULW\ $UHDV &RPPXQLW\ /HYHO ELF\FOH IDFLOLW\ UHTXLUHPHQWV DV LGHQWLÀHG WKURXJK WKH %LF\FOH 7UDQVSRUWDWLRQ 3ODQ IRU H[LVWLQJ QHLJKERXUKRRGV RU WKURXJK QHLJKERXUKRRG VSHFLÀF ELF\FOH QHWZRUN SODQQLQJ IRU IXWXUH QHLJKERXUKRRGV

3ULRULW\ &\FOLQJ )DFLOLW\ 1HWZRUN 7UDQVLW 3ULRULW\ $UHDV 7UDQVLW $YHQXHV 0DS )UHTXHQW 6HUYLFH &RUULGRUV &XUUHQW /57 1HWZRUN )XWXUH /LJKW 5DLO &RUULGRUV 72' $UHDV *RRGV 0RYHPHQW 3ULRULW\ $UHDV 7UDQVSRUWDWLRQ 8WLOLW\ &RUULGRUV 6WUHHWV ZLWKLQ ,QGXVWULDO $UHDV DV GHÀQHG E\ 7UDIÀF %\ODZ 'DQJHURXV *RRGV 5RXWHV +LJK 7UXFN 9ROXPH 6WUHHWV +LJKZD\ &RQQHFWRUV ,QQHU 5LQJ 5RDG

&LW\ :LGH 0RGDO 3ULRULW\ 1HWZRUNV

7KH PRGDO SULRULW\ QHWZRUNV LQ PDQ\ FDVHV ZLOO EXLOG RQ QHWZRUN GHÀQLWLRQV VXFK DV WKH H[LVWLQJ (GPRQWRQ 7UXFN 5RXWH 'DQJHURXV *RRGV 5RXWH QHWZRUN WKH H[LVWLQJ WUDQVLW URXWH PDS RU WKH UHFRP PHQGHG IXWXUH ELF\FOH QHWZRUN LQ WKH %LF\FOH 7UDQVSRUWDWLRQ 3ODQ 7KH QHWZRUNV ZLOO UHÁHFW UHOHYDQW LGHQWLÀHG VXE DUHDV VXFK DV WKRVH LQ 7DEOH ,Q DGGLWLRQ WR WKH DERYH WKH PRGDO SULRULW\ QHWZRUNV ZLOO LQFRUSRUDWH GLUHFWLRQ FRQWDLQHG LQ DQ\ 1HLJK ERXUKRRG $UHD 6WUXFWXUH 3ODQ 163 $63 &RPPXQLW\ 3ODQ 6WDWLRQ $UHD 3ODQ &RUULGRU 3ODQ $UHD 5HGHYHO RSPHQW 3ODQ RU RWKHU SODQQLQJ GRFXPHQW RU WRRO ZKHUH D VSHFLÀF PRGDO SULRULW\ KDV EHHQ LGHQWLÀHG DQG DSSURYHG E\ &LW\ &RXQFLO


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

,W ZLOO EH WKH UHVSRQVLELOLW\ RI WKH GHVLJQHU DQG UHOHYDQW VWDNHKROGHUV WR GRFXPHQW DQG MXVWLI\ WKH PRGDO SULRULW\ IRU WKH SURMHFW 7KH IROORZLQJ DUH VHYHUDO ´UXOHVµ ZKLFK VKRXOG JXLGH WKH GHWHUPLQDWLRQ RI PRGDO SULRULWLHV

WKH 00/26 ZLOO SURGXFH DQ DVVRFL DWHG VFRUH IRU HDFK PRGH ,GHQWL ÀHG GHÀFLHQFLHV WKDW FDQ EH DGGUHVVHG WKURXJK PRGH VSHFLÀF LPSURYHPHQWV LQ URDGZD\ GHVLJQ ZLOO EH FRQVLGHUHG DV D JXLGH WR VHOHFWLQJ HQKDQFHPHQWV

‡ ,I WKH VXEMHFW URDGZD\ LV RQ D SULRULW\ QHWZRUN RU LQ D SULRULW\ DUHD DV GHVFULEHG DERYH WKHQ WKH DSSOLFDEOH PRGH VKRXOG EH UDQNHG DPRQJ WKH WRS WKUHH PRGHV RXW RI WKH ÀYH PRGHV OLVWHG )RU H[DPSOH LI WKH VXEMHFW URDGZD\ LV LQ D 72' DUHD DQG LV SDUW RI WKH FLW\ ZLGH ELF\FOH QHWZRUN WKHQ WKH WUDQVLW SHGHVWULDQ DQG ELF\FOH PRGHV VKRXOG EH WKH WKUHH WUDYHO PRGHV WKDW DUH GHHPHG PRVW FULWLFDO WR DFFRPPRGDWH LI VSDFH FRQVWUDLQWV UHTXLUH WUDGH RIIV DPRQJ GHVLJQ HOHPHQWV

7KH 00/26 WRRO LV QRW LQWHQGHG WR EH WKH RQO\ DVSHFW RI HYDOXDWLQJ D VWUHHW·V IXQFWLRQ IRU DOO PRGHV DQG LV DQWLFLSDWHG WR DGG UHOHYDQW LQVLJKWV LQ GHWHUPLQLQJ WKH URDGZD\ GHVLJQ 2WKHU VWHSV LQ WKLV SURFHVV VXFK DV WKH GLVFXVVLRQ RI WUDGH RIIV DQG DQVZHULQJ WKH TXHVWLRQ ´GRHV WKH SURSRVHG GHVLJQ PHHW WKH JRDOV RI WKH SURMHFWµ DUH MXVW DV FULWLFDO WR DFKLHYH D VWUHHW WKDW PHHWV XVHU QHHGV

‡ ,Q FRPPHUFLDO 6WUHHW 2ULHQWHG DUHDV ZDONLQJ VKRXOG EH LQ WKH WRS WZR PRGDO SULRULWLHV ‡ $FFHVV WR WUDQVLW LV W\SLFDOO\ GRQH E\ ZDONLQJ DQG WKHUHIRUH ZDONLQJ VKRXOG EH UDQNHG QR PRUH WKDQ RQH SRVLWLRQ EHORZ WUDQVLW LQ WKH PRGDO SULRULWLHV XQOHVV WKHUH DUH OLPLWHG WUDQVLW VWRSV DORQJ WKH VWUHHW VXFK DV WKRVH VWUHHWV VHUYLQJ H[SUHVV URXWHV RQO\

0XOWL 0RGDO /HYHO RI 6HUYLFH 00/26

7KH &LW\ RI (GPRQWRQ LV DOVR GHYHORSLQJ D 00/26 IUDPHZRUN WR HYDOXDWH KRZ ZHOO D VWUHHW DFFRP PRGDWHV XVHU QHHGV EDVHG RQ PRGDO SULRULW\ 7KH 00/26 DVVHVV PHQW LV D WRRO WKDW ZLOO EH XVHG IRU H[LVWLQJ URDGZD\V WR XQGHUVWDQG ZKDW WKH TXDOLW\ RI MRXUQH\ LV IRU HDFK PRGH 7KLV HYDOXDWLRQ PD\ DVVLVW LQ LGHQWLI\LQJ PRGHV WKDW UHTXLUH LPSURYHPHQWV WR DGGUHVV 00/26 GHÀFLHQFLHV (YDOXDWLRQ LQ

,GHQWLI\ 6WUHHW 7\SH 7KH VWUHHW W\SH LV D WKUHH SDUW GHÀQLWLRQ RI WKH UHODWLRQVKLS RI WKH EXLOGLQJV WR WKH VWUHHW ODQG XVH FRQWH[W DQG IXQFWLRQDO FODVVLÀFDWLRQ

5HODWLRQVKLS RI %XLOGLQJV WR WKH 6WUHHW

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

RSHUDWLRQV WKDW DUH FRPIRUWDEOH IRU ELF\FOHV DQG RWKHU VORZHU PRYLQJ W\SHV RI WUDIÀF DQG HVSHFLDOO\ LQ QRQ UHVLGHQWLDO DUHDV RIWHQ SURYLG LQJ YHKLFXODU SDUNLQJ WR WKH UHDU RI EXLOGLQJV RU XQGHUJURXQG 1RQ 6WUHHW 2ULHQWHG 1RQ 6WUHHW 2ULHQWHG DUHDV DUH FKDUDFWHUL]HG E\ JUHDWHU VHWEDFNV IURP WKH VWUHHW DQG EXLOGLQJ HQWUDQFHV WKDW IDFH DUHDV LQWHUQDO WR WKHLU VLWHV PRVW RIWHQ VXUIDFH SDUNLQJ ORWV 1RQ 6WUHHW 2ULHQWHG DUHDV ZLOO FRPPRQO\ KDYH D ELDV WRZDUGV DXWRPRELOH DFFHVV LQ WKHLU GHVLJQ VHWWLQJ DVLGH SRUWLRQV RI WKH VLWH LPPHGLDWHO\ DGMDFHQW WR WKH VWUHHW IRU YHKLFXODU DFFHVV DQG SDUNLQJ PDNLQJ YHKLFXODU DFFHVV HDV\ EXW FRQYHUVHO\ PDNLQJ WKH EXLOW HQYLURQPHQW OHVV IXQFWLRQDO IRU SHGHVWULDQV E\ VHSDUDWLQJ EXLOGLQJV DQG LQFUHDVLQJ ZDONLQJ GLVWDQFHV &KDQJHV 2YHU 7LPH :KLOH LW LV LPSRUWDQW WR FRQVLGHU WKH UHODWLRQVKLS RI H[LVWLQJ EXLOW IRUP WR WKH FKDUDFWHU RI WKH VWUHHW DQ\ SODQQHG FKDQJHV WR WKH EXLOW IRUP LQ WKH IXWXUH PXVW DOVR EH FRQVLGHUHG LQ WKH GHÀQLWLRQ RI WKH VWUHHW UHODWLRQVKLS )RU LQVWDQFH RYHUOD\V RU RWKHU SODQQLQJ WRROV VXFK DV DQ $UHD 5HGHYHORSPHQW 3ODQV $53 PD\ LGHQWLI\ VSHFLÀF DUHDV IRU WUDQVLWLRQ IURP D 1RQ 6WUHHW 2ULHQWHG WR 6WUHHW 2ULHQWHG FKDUDFWHU GXULQJ IXWXUH UHGHYHORS PHQW 5RDGZD\ GHVLJQ VKRXOG VXSSRUW WKLV E\ LQFOXGLQJ HOHPHQWV WKDW DUH DVVRFLDWHG ZLWK 6WUHHW 2ULHQWHG GHVLJQ


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

/DQG 8VH &RQWH[W

,Q DGGLWLRQ WR WKH UHODWLRQVKLS RI WKH EXLOGLQJV WR WKH VWUHHW URDG ZD\V ZLOO DOVR FRQVLGHU WKH DGMD FHQW ODQG XVH FRQWH[W 7KH ODQG XVH FRQWH[W FDWHJRULHV RXWOLQHG KHUH KDYH VRPH VLPLODULW\ WR W\SLFDO ODQG XVH SODQQLQJ FODVVLÀFDWLRQV EXW WKH GLYLVLRQV DUH IRFXVHG RQ GLVWLQFW WUDQVSRUWDWLRQ FKDUDFWHULVWLFV RI GLIIHUHQW ODQG XVHV ZKLFK GR QRW DOZD\V HTXDWH GLUHFWO\ ZLWK WKH GHÀQLWLRQV RI WKH =RQLQJ %\ODZ RU SODQQLQJ GRFXPHQWV 7KH ODQG XVH FRQWH[W FDWHJRULHV DUH DV IROORZV 6WUHHW 2ULHQWHG

1RQ 6WUHHW 2ULHQWHG

5HVLGHQWLDO

5HVLGHQWLDO 5HVLGHQWLDO DUHDV LQFOXGH D UDQJH RI GLIIHUHQW EXLOGLQJ IRUPV DQG GHQVLWLHV IURP VLQJOH DQG VHPL GHWDFKHG KRPHV WR WRZQKRXVHV WR ORZ PHGLXP DQG KLJK ULVH DSDUW PHQW EXLOGLQJV 7KH\ DUH GHÀQHG E\ WKHLU SUHGRPLQDQW FKDUDFWHU DV SODFHV ZKHUH SHRSOH OLYH 5HVLGHQ WLDO DUHDV PD\ DOVR LQFOXGH VFKRRO VLWHV SDUNV DQG VWRUPZDWHU PDQ DJHPHQW DUHDV EXW WKHVH DUH FRQVLGHUHG H[WHQVLRQV RU PRGLÀFD WLRQV RI WKH EDVLF FRQWH[W IRU VWUHHW GHVLJQ SXUSRVHV UDWKHU WKDQ GHÀQLQJ FRQWH[WV LQ DQG RI WKHPVHOYHV 0DMRU 3XEOLF 6SDFHV DQG ,QVWLWXWLRQV 7KLV FDWHJRU\ LQFOXGHV PDMRU DFWLYLW\ JHQHUDWRUV OLNH GLVWULFW SDUNV KLJK VFKRROV UHFUHDWLRQ FHQWUHV KRVSLWDOV DQG PDMRU KHDOWK FHQWUHV XQLYHUVLWLHV DQG FROOHJHV DQG RWKHU SXEOLF DQG LQVWLWXWLRQDO DUHDV WKDW GULYH WKHLU RZQ GLVWLQFW WUDQVSRUWDWLRQ EHKDYLRXU ,QGXVWULDO ,QGXVWULDO DUHDV LQFOXGH ZDUH KRXVHV VWRUDJH \DUGV PDQXIDFWXU LQJ HVWDEOLVKPHQWV DQG ODUJH LQGXVWULDO SODQWV 7KH\ DOVR LQFOXGH LQGXVWULDO EXVLQHVV DUHDV WKDW DSSHDU YHU\ VLPLODU WR FRPPHUFLDO


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

RIÀFH SDUNV EXW ZKLFK GLIIHU IURP VXFK ODQG XVHV LQ WKHLU WUXFN DFFHVV UHTXLUHPHQWV &RPPHUFLDO 0L[HG 8VH 7KHVH DUHDV LQFOXGH D UDQJH RI GLIIHUHQW GHYHORSPHQW W\SHV IURP RIÀFH SDUNV LQ VXEXUEDQ ORFDWLRQV WR RIÀFH WRZHUV LQ WKH GRZQWRZQ PDLQ VWUHHW VW\OH UHWDLO DUHDV VXFK DV :K\WH $YHQXH RU $YHQXH WUDQVLW RULHQWHG GHYHORSPHQWV 72' VWULS PDOOV ELJ ER[ VWRUHV DQG VKRSSLQJ PDOOV $OVR LQFOXGHG LV PL[HG XVH DUHDV ZKLFK DUH GHÀQHG E\ D FRPELQDWLRQ RI FRPPHUFLDO W\SLFDOO\ UHWDLO RU VHUYLFHV DQG UHVLGHQWLDO XVHV GHYHORSHG VLGH E\ VLGH RU ZLWK UHVLGHQWLDO DERYH FRPPHUFLDO %\ FR ORFDWLQJ WKHVH WZR W\SHV RI XVHV PL[HG XVH DUHDV W\SLFDOO\ GULYH GLIIHUHQW W\SHV RI WUDQVSRUWDWLRQ EHKDYLRXU WKDQ H[FOXVLYHO\ UHVLGHQWLDO DUHDV

0DMRU 3XEOLF 6SDFHV DQG ,QVWLWXWLRQV

)XQFWLRQDO &ODVVLÀFDWLRQ

7KH V\VWHP RI IXQFWLRQDO FODVVLÀFD WLRQ IRU (GPRQWRQ URDGZD\V LV QRW SURSRVHG WR FKDQJH ZLWK WKH LPSOHPHQWDWLRQ RI &RPSOHWH 6WUHHWV 7KH IXQFWLRQDO FODVVLÀFD WLRQV ZLOO FRQWLQXH WR EH VLPLODU WR WKRVH GHÀQHG E\ WKH 7UDQVSRUWDWLRQ 6\VWHPV %\ODZ

,QGXVWULDO

‡ $UWHULDO ² JHQHUDOO\ FDUU\LQJ ODUJHU YROXPHV RI WUDIÀF EHWZHHQ DUHDV ´WKURXJKµ WUDIÀF ZLWK UHODWLYHO\ IHZHU DFFHVV SRLQWV WR DGMDFHQW GHYHORSPHQWV ‡ &ROOHFWRU ² SURYLGH QHLJKERXU KRRG WUDYHO EHWZHHQ ORFDO DQG DUWHULDO URDGV DQG GLUHFW DFFHVV WR DGMDFHQW ODQG %XVHV JHQHUDOO\ RSHUDWH RQ FROOHFWRU URDGZD\V ZLWKLQ D QHLJKERXUKRRG ‡ /RFDO ² SURYLGH GLUHFW DFFHVV WR DGMDFHQW ODQGV DQG VHUYH QHLJK ERXUKRRG WUDYHO &RPPHUFLDO 0L[HG 8VH


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

$VVHVVPHQW RI IXQFWLRQDO FODVVLÀFD WLRQ VKRXOG WDNH LQWR FRQVLGHUDWLRQ IXWXUH FKDQJHV LQ WKH FKDUDFWHU RI WKH URDGZD\ WKDW PD\ EH DQWLFL SDWHG RU GHHPHG GHVLUDEOH

$UWHULDO

2WKHU VWUHHW W\SHV WKDW FRXOG EH VXSSRUWHG E\ GHVLJQ HOHPHQWV LQ WKH (GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV LQFOXGH 1RQ $XWR 6WUHHWV DQG $OOH\ZD\V 1RQ $XWR 6WUHHWV ZRXOG KDYH YDOXH LQ YHU\ VSHFLÀF FRQWH[WV ZKHUH D FRPELQDWLRQ RI SHGHVWULDQ F\FOLQJ DQG WUDQVLW WUDIÀF LV KLJK RU ZKHUH UHJXODU VWUHHW HYHQWV VXFK DV PDUNHWV DQG IHVWLYDOV VXJJHVW WKH SRVVLELOLW\ RI PRUH SHUPDQHQW UHVWULFWLRQ RI DXWRPRELOH DFFHVV DVVXPLQJ WKDW DXWRPRELOH WUDIÀF FDQ EH UHGL UHFWHG WR RWKHU FRUULGRUV $OOH\ZD\V DUH DOVR LQFOXGHG LQ WKH &LW\ RI (GPRQWRQ·V FROOHFWLRQ RI DSSURYHG URDGZD\ FURVV VHFWLRQV 7KH &RPSOHWH 6WUHHWV *XLGHOLQHV HOHPHQWV FRXOG VXSSRUW DQ HODERUD WLRQ XSRQ WKH UROHV WKDW DOOH\V FDQ IXOÀOO LQ WKH WUDQVSRUWDWLRQ QHWZRUN LQ FRQVLGHUDWLRQ RI ODQG XVH SROLFLHV DQG SODQV VXUURXQGLQJ VHFRQGDU\ VXLWHV DQG RWKHU UHGHYHO RSPHQW FRQVLGHUDWLRQV

&ROOHFWRU

/RFDO

)UHHZD\ DQG ([SUHVVZD\ IDFLOLWLHV DV GHÀQHG LQ WKH 7UDQVSRUWDWLRQ 6\VWHPV %\ODZ DUH GHVLJQHG DFFRUGLQJ WR DSSOLFDEOH SDUDPHWHUV H J DV SHU WKH 7$& *HRPHWULF 5RDGZD\ 'HVLJQ *XLGH IRU &DQDGD EXW VKRXOG DGGUHVV &RPSOHWH 6WUHHWV SULQFLSOHV WKURXJK DFFRP PRGDWLRQ RI DSSURSULDWH PXOWL PRGDO QHWZRUN IDFLOLWLHV DORQJ SDUDOOHO URXWHV DQG DFURVV WKHP


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

&RPSRVLWH 6WUHHW 7\SRORJ\

3RWHQWLDO VWUHHW W\SRORJ\ QDPHV DUH IRUPHG E\ FRPELQLQJ RQH WHUP IURP HDFK RI WKH IROORZLQJ WKUHH FDWHJRULHV 5HODWLRQVKLS WR 6WUHHW ‡ 6WUHHW 2ULHQWHG ‡ 1RQ 6WUHHW 2ULHQWHG /DQG 8VH &RQWH[W ‡ 5HVLGHQWLDO ‡ 0DMRU 3XEOLF 6SDFHV DQG ,QVWLWXWLRQV ‡ ,QGXVWULDO ‡ &RPPHUFLDO 0L[HG 8VH )XQFWLRQDO &ODVVLÀFDWLRQ ‡ $UWHULDO ‡ &ROOHFWRU ‡ /RFDO 7KH UHVXOWLQJ GHVFULSWLRQ RI VWUHHW W\SH WKHQ JXLGHV GHWDLOHG VWUHHW GHVLJQ )RU H[DPSOH D KLJK YROXPH URDGZD\ LQ D PDLQ VWUHHW UHWDLO DUHD LQ ZKLFK EXLOGLQJV IURQW RQWR WKH SXEOLF VLGHZDON ZLOO EH GHVFULEHG DV D 6WUHHW 2ULHQWHG &RPPHUFLDO $UWHULDO $ ORZ YROXPH URDGZD\ LQ DQ LQGXVWULDO DUHD ZKHUH SDUNLQJ ORWV RU ORDGLQJ DUHDV DUH ORFDWHG EHWZHHQ EXLOGLQJV DQG WKH VWUHHW ZLOO EH GHVFULEHG DV D 1RQ 6WUHHW 2ULHQWHG ,QGXVWULDO /RFDO %XLOGLQJ XSRQ H[LVWLQJ IXQFWLRQDO FODVVLÀFD WLRQV WKH QHZ VWUHHW W\SHV ZLOO PRUH FOHDUO\ UHFRJQL]H WKH W\SH DQG FKDUDFWHU RI WKH ODQG XVHV WKDW WKH\ DUH VHUYLQJ DQG ZKLFK ZLOO KHOS JXLGH WKH GHWDLOV RI WKHLU GHVLJQ ,Q VRPH FRQWH[WV ,QGXVWULDO DUHDV IRU LQVWDQFH WKHUH PD\ EH OLWWOH RU QR H[LVWHQFH FXUUHQWO\ RI 6WUHHW 2ULHQWHG ,QGXVWULDO GHYHORSPHQW +RZHYHU WKH &RPSOHWH 6WUHHWV GHVLJQ SURFHVV LV LQWHQGHG WR DOORZ IRU DOO SRVVLEOH IXWXUH FRPELQDWLRQV RI ODQG XVH FRQGLWLRQV

DQG IXQFWLRQDO UHTXLUHPHQWV 7KHUHIRUH WKLV DQDO\WLFDO VWHS ZLOO UHPDLQ LPSRUWDQW UHJDUGOHVV RI WKH H[LVWLQJ FRQWH[W RI DQ\ SDUWLFXODU SURMHFW

6HOHFW (OHPHQWV 6HFWLRQ RI WKH (GPRQWRQ &RP SOHWH 6WUHHWV *XLGHOLQHV SURYLGHV D WRRONLW RI GHVLJQ HOHPHQWV ZKLFK FDQ EH XVHG DV EXLOGLQJ EORFNV RI D VWUHHW WR VHOHFW VXLWDEOH DOLJQPHQW DQG FURVV VHFWLRQ GHVLJQ IHDWXUHV FRQVLVWHQW ZLWK &RPSOHWH 6WUHHWV SULQFLSOHV 7KH SURFHVV RI LGHQWLI\ LQJ VXLWDEOH VWUHHW GHVLJQ HOHPHQWV GHSHQGV RQ WKH W\SH RI SURMHFW EHLQJ XQGHUWDNHQ )RU QHZ QHLJKERXUKRRG VWUHHWV DQG FRUULGRUV ZKLFK DUH IUHTXHQWO\ LQ JUHHQÀHOG VLWXDWLRQV WKH &RPSOHWH 6WUHHWV *XLGHOLQHV LPSOHPHQWDWLRQ ZLOO UHVXOW LQ SUHSDUDWLRQ RI D VHW RI H[DPSOH FURVV VHFWLRQV IRU YDULRXV FRPSRVLWH VWUHHW W\SRORJLHV 7KH H[DPSOH FURVV VHFWLRQV ZLOO SURYLGH D VWDUWLQJ SRLQW IRU WKH VWUHHW GHVLJQ VLPLODU LQ DSSOLFDWLRQ WR H[LVWLQJ VWUHHW GHVLJQ VWDQGDUGV IRU VRPH QHZ QHLJKERXUKRRG VWUHHW FRQWH[WV +RZHYHU GHSHQGHQW RQ WKH PRGDO SULRULWLHV DQG JRDOV LGHQWLÀHG IRU HDFK VWUHHW LQ WKH QHLJKERXUKRRG LW PD\ EH DSSURSUL DWH WR HLWKHU D PRGLI\ DQ H[DPSOH FURVV VHFWLRQ XVLQJ WKH HOHPHQWV WRRONLW RU E GHYHORS D FXVWRPL]HG FURVV VHFWLRQ XVLQJ WKH HOHPHQWV WRRONLW )RU UHKDELOLWDWLRQ UHFRQVWUXFWLRQ SURMHFWV WKH VWDUWLQJ SRLQW LV WKH H[LVWLQJ URDG JHRPHWU\ ZKLFK LV HYDOXDWHG DV GHVFULEHG SUHYLRXVO\ LQ 6HFWLRQ EDVHG RQ 00/26 SULRULW\ PRGDO QHWZRUNV LQ WKH DUHD WUDIÀF YROXPHV RSHUDWLRQDO

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´OLQN DQG SODFHµ FRQFHSWV VWUHHW W\SH DQG PRGDO SULRULWLHV )RU H[DPSOH ZKHQ SHGHVWULDQ PRGH LV SULRULWL]HG WKH ZLGWK UDQJHV IRU YDULRXV VLGHZDON FRPSR QHQWV VXFK DV WKH IURQWDJH WKURXJK DQG IXUQLVKLQJ ]RQHV DUH PRGLÀ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


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

LQGXVWU\ VWDQGDUG RU LQGXVWU\ OHDG LQJ VRXUFHV DUH SURYLGHG OLQNLQJ WKH GHVLJQHU WR JHQHUDO DQG VSHFLÀF JXLGDQFH DV WR ZKHUH WR ÀQG PRUH LQIRUPDWLRQ L H SODFHV WR VWDUW RU FRQWLQXH ORRNLQJ IRU GHVLJQ VSHFLÀFV

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ÀHG RQ D SULRULW\ QHWZRUN PXVW EH DFFRPPRGDWHG ,Q DGGL WLRQ RQ SULRULW\ QHWZRUNV IRU JRRGV PRYHPHQW WUDQVLW DXWRV ELNLQJ RU ZDONLQJ WKH SULRULW\ PRGH VKRXOG EH DFFRPPRGDWHG E\ XVLQJ VWDQ GDUG GLPHQVLRQ HOHPHQWV ZKHQHYHU SRVVLEOH ,W PD\ EH QHFHVVDU\ WR H[DPLQH PRGDO SULRULWLHV LQ JUHDWHU GHWDLO DW WKLV SRLQW WR HVWDEOLVK D

PRUH GHÀQLWH UDQNLQJ RI PRGDO SULRULW\ LQ RUGHU WR LQIRUP VSHFLÀF WUDGH RII GHFLVLRQV :KHQ ZRUNLQJ LQ D FRQVWUDLQHG VLWXDWLRQ DQG GHWHUPLQLQJ KRZ WR ÀW PXOWLSOH PRGHV LQWR WKH FURVV VHF WLRQ WKH IROORZLQJ SRWHQWLDO DGMXVWPHQWV VKRXOG EH DSSOLHG ZKHUHYHU SUDFWLFDO DQG LQ WKLV RUGHU $ 5HGXFH ODQH ZLGWKV WR FRQ VWUDLQHG GLPHQVLRQV % 8VH FRQVWUDLQHG GLPHQVLRQV IRU DOO HOHPHQWV H[FHSW WKRVH DFFRPPRGDWLQJ SULRULW\ PRGHV & 5HPRYH SDUNLQJ ODQH RQ RQH VLGH RI WKH URDG ' 'HWHUPLQH LI D ORZHU SULRULW\ PRGH LV EHWWHU VHUYHG RQ DQ DGMDFHQW URDGZD\ ( 5HGXFH 'HVLJQ 6SHHG ) 5HPRYH PHGLDQV * 5HPRYH DXWR ODQHV + 8VH VKDUHG ODQH PDUNLQJV ZKHUH FRQVWUDLQHG ZLGWKV RI ODQHV IRU WUDIÀF DQG ELF\FOLVWV FDQQRW EH DFKLHYHG , 3ODFH SHGHVWULDQ IDFLOLW\ QH[W WR FXUE UHPRYLQJ ERXOHYDUG EXIIHU - &RQVLGHU DFTXLULQJ ODQG ([DPSOHV RI HOHPHQWV ZKLFK PD\

EH VXEMHFW WR FRQVWUDLQHG GLPHQ VLRQV LQGHSHQGHQW RI GHVLJQ VSHHG LQFOXGH PHGLDQV RU IURQWDJH VSDFH :KHQ FRQVLGHULQJ WUDGH RIIV XWLOLW\ UHTXLUHPHQWV LQFOXGLQJ XQGHU JURXQG XWLOLWLHV WKDW DUH QRW YLVLEOH DW WKH VXUIDFH PD\ UHSUHVHQW VLJQLÀFDQW FRQVWUDLQWV WKDW PXVW EH DGGUHVVHG :KHUH WKH ULJKW RI ZD\ LV FRQ VWUDLQHG DQG VXE RSWLPDO GLPHQ VLRQV DUH FRQVLGHUHG LW ZLOO EH QHFHVVDU\ IRU SURSRQHQWV WR MXVWLI\ WKH XVH RI GLPHQVLRQV WKDW DUH OHVV WKDQ VWDQGDUG IDFLOLW\ ZLGWKV

&RQÀUP 5HFRPPHQGHG 'HVLJQ $V D ÀQDO VWHS WKH GHVLJQHU VKRXOG UH H[DPLQH ZKHWKHU WKH SURMHFW GHVLJQ PHHWV WKH JRDOV DQG REMHF WLYHV HVWDEOLVKHG DW WKH EHJLQQLQJ RI WKH GHVLJQ SURFHVV DQG LI WKH LQWHQW RI WKH (GPRQWRQ &RPSOHWH 6WUHHWV SULQFLSOHV VHH 6HFWLRQ KDV EHHQ DFKLHYHG 7KURXJK GLVFXVVLRQ ZLWK VWDNHKROGHUV DQG FRQVLGHUDWLRQ RI WUDGHRIIV LQWHU HVWHG SDUWLHV ZLOO FRPH WR DJUHH PHQW WKDW WKH UHFRPPHQGHG GHVLJQ PHHWV WKH HVWDEOLVKHG JRDOV DQG REMHFWLYHV DQG WKH GHWDLOHG GHVLJQ FDQ SURFHHG


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN

7KLV SDJH LQWHQWLRQDOO\ EODQN


&203/(7( 675((76 (/(0(176 722/.,7 (GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

&RQWHQWV ,QWURGXFWLRQ 6WUHHW &RPSRQHQW 'HÀQLWLRQV $EXWWLQJ 3URSHUW\ WR &XUE 6WUHHW &RPSRQHQW 'HÀ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


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

,QWURGXFWLRQ 7KLV VHFWLRQ RI WKH *XLGHOLQHV SUR YLGHV D ´WRRONLWµ RI GHVLJQ HOHPHQWV LQ VXSSRUW RI &RPSOHWH 6WUHHWV LQ (GPRQWRQ ,W GHSLFWV D UDQJH RI JHQHUDO HOHPHQWV IRU VWUHHW GHVLJQ DV ZHOO DV PRUH GHWDLOHG JXLGDQFH WR VWUHHW GHVLJQHUV IRU WKH LQFOX VLRQ RI GHVLJQ HOHPHQWV LQ VXSSRUW RI PXOWLSOH WUDYHO PRGHV ([DPSOHV KDYH EHHQ LQFOXGHG WR LOOXVWUDWH VRPH FRQVLGHUDWLRQV IRU WKH GHVLJQ RI LQWHUVHFWLRQV LQ D IHZ VDPSOH FRQWH[WV 'HÀQLWLRQV RI YDULRXV VWUHHW HOHPHQWV DUH VKRZQ LQ 6HFWLRQ DQG *HQHUDO FRQVLGHUDWLRQV WKDW DIIHFW GHVLJQ IRU DOO PRGHV DUH VKRZQ LQ 6HFWLRQ 7KHVH LQFOXGH DSSUR SULDWH URDGZD\ ZLGWKV ODQH ZLGWKV DQG DOWHUQDWLYH FRQÀJXUDWLRQV IRU WUDYHO ODQHV WKDW PD\ EH XVHIXO RQ VWUHHWV ZKHUH ZLGWK LV FRQVWUDLQHG $OVR LPSRUWDQW WR FRQVLGHU LQ WKH GHVLJQ RI D VWUHHW LV WKH LQWHQGHG VSHHG DW ZKLFK DXWRPRELOHV ZLOO WUDYHO DV WKLV ZLOO EH GLIIHUHQW GHSHQGLQJ RQ WKH W\SH RI ODQG XVHV WKDW DUH SUHVHQW DV ZHOO DV WKH LQWHQGHG IXQFWLRQ RI WKH VWUHHW ZLWKLQ WKH &LW\·V RYHUDOO QHWZRUN 7KH SUHVHQFH RI RQ VWUHHW SDUNLQJ DOVR KDV LPSDFWV RQ YDULRXV DVSHFWV RI VWUHHW GHVLJQ DV LW WHQGV WR FDOP DXWRPRELOH WUDYHO VSHHGV DQG VHUYHV ODQG XVHV E\ SURYLGLQJ

FRQYHQLHQW DGMDFHQW SDUNLQJ VXSSO\ DQG DFFHVV /DQGVFDSLQJ ZLOO YDU\ IRU HDFK VWUHHW GHSHQGLQJ RQ ODQG XVH FRQWH[W DQG DYDLODEOH VWUHHW ZLGWK VR JXLGDQFH LV SURYLGHG WR GHVLJQHUV DV WR VWDQGDUG GLPHQ VLRQV DQG KRZ WR HQVXUH DWWUDFWLYH DQG KHDOWK\ ODQGVFDSH DGMDFHQW WR URDGZD\V 7KHVH FRQVLGHUDWLRQV IRU GHVLJQHUV DOO UHODWH WR WKH LQWHUDF WLRQV RI DOO RI WKH HOHPHQWV RI WKH VWUHHW KRZ WKH\ PXVW ÀW WRJHWKHU KRZ WKH\ ZLOO RSHUDWH RQFH D VWUHHW LV EXLOW RU UHFRQVWUXFWHG DV ZHOO DV ZKDW D VWUHHW ZLOO ORRN OLNH DQG KRZ LW ZLOO IHHO WR WKRVH ZKR XVH OLYH RU ZRUN RQ LW &RQVLGHUDWLRQV IRU GHVLJQ HOH PHQWV VSHFLÀF WR HDFK PRGH DUH H[SORUHG LQ 6HFWLRQV WKURXJK 3HGHVWULDQV ELF\FOLVWV DQG PRWRULVWV RI YDULRXV YHKLFOH W\SHV DOO HQJDJH ZLWK WKH VWUHHW LQ GLIIHU HQW ZD\V GXH WR WKHLU VL]H UHOD WLYH WR RWKHU WUDIÀF WKH VSHHG DW ZKLFK WKH\ DUH DEOH WR PRYH DQG WKH XQLTXH FKDUDFWHULVWLFV RI WKHLU ORFRPRWLRQ 7UXFNV DQG EXVHV IRU LQVWDQFH KDYH D ODUJHU WXUQLQJ UDGLXV WKDQ RWKHU VPDOOHU YHKLFOHV ZKLOH ELF\FOLVWV DQG SHGHVWULDQV DUH WKH PRVW YXOQHUDEOH RI URDG XVHUV 3HGHVWULDQV LQ SDUWLFXODU XVH WKH VWUHHW LQ D YHU\ GLIIHU HQW ZD\ WR RWKHU PRGHV PRYLQJ DW D VORZHU VSHHG WKDQ DQ\ RWKHU XVHU WKH YLVXDO H[SHULHQFH RI WKH VWUHHW LV SHUKDSV RI PRVW LPSRU WDQFH WR WKHVH XVHUV DV DUH VWUHHW

DPHQLWLHV VXFK DV H[WHQGHG FRUQHUV DW LQWHUVHFWLRQV WR LQFUHDVH VDIHW\ EHQFKHV DORQJ WKH URXWH WR SURYLGH SODFHV IRU UHVW DQG WKH SRVVLELOLW\ RI VRFLDO HQJDJHPHQW ZLWK RWKHU SHGHVWULDQV LQ WKH PLGGOH RI WKHLU MRXUQH\ 9DULRXV VSHFLÀFV RI GLI IHUHQW PRGHV DUH GHVFULEHG DQG JXLGDQFH LV SURYLGHG WR GHVLJQHUV WR HQVXUH WKH EHVW VWUHHW H[SHUL HQFH IRU HDFK PRGH EDODQFHG E\ WKH SK\VLFDO FRQVWUDLQWV RI DYDLODEOH VSDFH DQG WKH UHGXFWLRQ RI FRQÁLFWV ZLWK WKH QHHGV RI RWKHU XVHUV )LQDOO\ WKH DSSOLFDWLRQ RI &RPSOHWH 6WUHHWV SULQFLSOHV DQG GHVLJQ HOH PHQWV LV H[SORUHG WKURXJK ÀJXUHV VKRZLQJ D IHZ FRQFHSWXDO LQWHUVHF WLRQ W\SHV LQ 6HFWLRQ 7KHVH ÀJXUHV DUH QRW LQWHQGHG WR JXLGH WKH GHWDLOV RI DFWXDO LQWHUVHFWLRQ GHVLJQ EXW DUH XVHIXO LQ LOOXVWUDWLQJ D ZLGH UDQJH RI FRQFHSWXDO DSSOLFD WLRQV RI &RPSOHWH 6WUHHWV FRQFHSWV ,QWHUVHFWLRQV SRVH SDUWLFXODUO\ GLIÀFXOW GHVLJQ FKDOOHQJHV DV WKH\ DUH WKH SRLQWV RI JUHDWHVW SRWHQWLDO FRQÁLFWV EHWZHHQ GLIIHUHQW WUDYHO PRGHV DQG ZLOO UHTXLUH IXUWKHU LQYHVWLJDWLRQ WKURXJK WKH LPSOH PHQWDWLRQ RI WKHVH JXLGHOLQHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6WUHHW &RPSRQHQW 'HÀQLWLRQV $EXWWLQJ 3URSHUW\ WR &XUE

7KHVH LOOXVWUDWLRQV GHÀQH WKH IXQFWLRQDO DUHDV RI D VWUHHW WKDW DUH QHFHVVDU\ WR FRQVLGHU ZKHQ GHVLJQLQJ VWUHHWV DQG SURYLGH XVHIXO GHÀQLWLRQV ZKHQ DSSO\LQJ WKH &RPSOHWH 6WUHHWV HOHPHQWV

$EXWWLQJ 'HYHORSPHQW :LGWK QRW WR VFDOH

)URQWDJH =RQH

$GMDFHQW WR WKH SURSHUW\ OLQH WKLV VSDFH DFFRPPRGDWHV DFWLYH XVHV VXFK DV JURXQG ÁRRU UHWDLO RU FDIH VHDWLQJ

$OOH\ZD\

$OOH\ZD\V SURYLGH D WKURXJK ]RQH IRU UHDU DFFHVV DQG DQ RSSRUWX QLW\ IRU SXEOLF DUW L H PXUDOV

7KURXJK =RQH

)XUQLVKLQJ =RQH

7KLV VSDFH SURYLGHV DQ DUHD IRU VLJQV OLJKW SROHV VWUHHW WUHHV RU YHJHWD WLRQ LQ DGGLWLRQ WR XQGHU JURXQG XWLOLWLHV 7KLV LV WKH SUHIHUUHG ORFDWLRQ IRU VQRZ VWRUDJH

7KLV VSDFH SURYLGHV IRU SHGHV WULDQ PRELOLW\ /DUJH WKURXJK ]RQHV DUH LPSRUWDQW LQ DUHDV RI KLJK SHGHVWULDQ YROXPHV

&\FOH 7UDFN

(GJH =RQH

7KH HGJH ]RQH LV RIWHQ D VLPSOH FXUE DQG JXWWHU EXW PD\ EH H[WHQGHG WR SURWHFW F\FOLVWV LI D F\FOH WUDFN LV DGMDFHQW WR SDUNHG FDUV :KHQ H[WHQGHG WKH HGJH ]RQH PD\ IXQFWLRQ LQ SODFH RI D IXUQLVKLQJ ]RQH DQG EH XVHG IRU VQRZ VWRUDJH

$ SURWHFWHG ELNHZD\ VHSDUDWHG IURP SHGHVWULDQV DQG SK\VLFDOO\ SURWHFWHG IURP WKH URDGZD\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6WUHHW &RPSRQHQW 'HÀQLWLRQV &XUE WR 0LGGOH RI 6WUHHW

&XUEVLGH 3DUNLQJ /RDGLQJ

7KLV ODQH LV IRU VKRUW WHUP YHKLFOH VWRUDJH ORDGLQJ DQG PD\ DOVR DFW DV D VSDFH WR IXUWKHU EXIIHU WKH VLGHZDON IURP PRYLQJ WUDIÀF &XUE H[WHQ VLRQV DQG ELNH FRUUDOV PD\ RFFXS\ WKLV VSDFH ZKHUH DSSURSULDWH

%LNH /DQH

7UDQVLW 2QO\ /DQH

&HQWUH 0HGLDQ 7XUQ /DQH

$ GHGLFDWHG WUDYHO ODQH IRU XVH E\ WUDQVLW YHKLFOHV

+LJK 2FFXSDQF\ 9HKLFOH +29 /DQH

$ ODQH GHGLFDWHG IRU XVH E\ YHKLFOHV PHHWLQJ D PLQLPXP RFFXSDQF\ FULWHULD XVXDOO\ WZR RU WKUHH SHUVRQV DQG EXVHV

$ GHGLFDWHG WUDYHO ODQH IRU XVH E\ ELF\FOLVWV

*HQHUDO 3XUSRVH 7UDYHO /DQH V

$ ODQH RU ODQHV GHGLFDWHG WR VHUYH D EURDG UDQJH RI YHKLFOHV

7KLV VSDFH W\SL FDOO\ VHSDUDWHV URDG XVHUV PRYLQJ LQ RSSRVLWH GLUHFWLRQV &HQWUH PHGLDQV PD\ EH ODQGVFDSHG RU KDUGVFDSHG DQG PD\ LQFOXGH SHGHV WULDQ UHIXJH DUHDV 7XUQ ODQHV PD\ EH XQL GLUHFWLRQDO RU EL GLUHFWLRQDO VKDUHG


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

*HQHUDO 6WUHHW 'HVLJQ 2SHUDWLRQ 5RDGZD\ 'HVLJQ 7UDYHO /DQHV DQG /DQH :LGWKV 'HVLJQ 6SHHG 2Q 6WUHHW 9HKLFOH 3DUNLQJ 6SHHG DQG 9ROXPH 0DQDJHPHQW 7HFKQLTXHV /DQGVFDSH $PHQLWLHV 8WLOLWLHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

5RDGZD\ 'HVLJQ 7UDYHO /DQHV DQG /DQH :LGWKV 'HVFULSWLRQ

5RDGZD\ DQG WUDYHO ODQH ZLGWK KDYH D VLJQLÀFDQW HIIHFW RQ WKH SHUFHSWLRQ DQG EHKDYLRXU RI DOO XVHUV 0XOWLSOH ZLGH WUDYHO ODQHV PD\ EH DSSURSULDWH RQ +LJK 7UXFN 9ROXPH VWUHHWV ZKHUHDV VLPLODU URDGZD\ ZLGWK LQ SHGHVWULDQ RULHQWHG DUHDV FDQ DFW DV D EDUULHU IRU GHVLUHG XVHV 7KH VHOHFWLRQ RI DSSURSULDWHO\ VL]HG ODQHV LV LPSRUWDQW WR HQVXUH VDIH HIÀ FLHQW XVH RI WKH WUDQVSRUWDWLRQ QHWZRUN

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

/DQH ZLGWK FDQ YDU\ 0RVW W\SHV RI PRWRU YHKLFOHV FDQ RSHUDWH ZLWK P ZLGH ODQHV ZKLOH P ZLGH ODQHV DUH GHVLUDEOH RQ +LJK 7UXFN 9ROXPH 6WUHHWV 6WUHHW 2ULHQWHG ODQG XVH DUHDV VKRXOG XVH QDUURZHU ODQH ZLGWKV WR HQFRXUDJH DSSURSULDWH WUDYHO VSHHG 7$& VWDWHV ´« HPSLULFDO HYLGHQFH LQGLFDWHV WKDW WKHUH LV OLWWOH VDIHW\ EHQHÀW WR EH GHULYHG E\ ZLGHQLQJ ODQHV EH\RQG P DQG WKDW ZLGHQLQJ EH\RQG P PD\ EH WR WKH GHWULPHQW RI VDIHW\ H[FHSW IRU ZLGHQHG ODQHV RQ FXUYHV DQG VK\ GLVWDQFHV WR FXUEV µ

5RDGZD\ :LGWK

&RQVWUDLQHG /DQH :LGWKV

7UXFN DQG 7UDQVLW 1HWZRUN &RQVLGHUDWLRQV

6HUYLFH 5RDGV

7KH PLQLPXP WZR ZD\ URDGZD\ ZLGWK LV P ZLWK SDUNLQJ RQ RQH VLGH DQG P ZLWK SDUNLQJ RQ WZR VLGHV PRVW FRPPRQO\ VHHQ RQ 6WUHHW 2ULHQWHG 5HVLGHQWLDO /RFDO VWUHHWV 6WDQGDUG ODQH ZLGWK RQ VWUHHWV ZLWK +LJK 7UXFN 9ROXPHV LV P IRU WUDYHO ODQHV 7UDQVLW 1HWZRUN VWUHHWV PD\ FRQVLGHU SURYLGLQJ ZLGHU WKDQ VWDQGDUG WUDYHO ODQHV EXW RQO\ LI VXFK SURYLVLRQ ZRXOG QRW QHJD WLYHO\ LPSDFW SHGHVWULDQV DQG ELF\FOLVWV

*XWWHU LV H[FOXGHG LQ PRWRU YHKLFOH WUDYHO ODQH PHDVXUHPHQWV

,Q FRQVWUDLQHG FRQGLWLRQV ODQH ZLGWKV PD\ EH UHGXFHG WR P 2Q 7UDQVLW 1HWZRUN 6WUHHWV WKH FRQVWUDLQHG ZLGWK LV P 2Q +LJK 7UXFN 9ROXPH VWUHHWV WKH FRQ VWUDLQHG ZLGWK LV P (GPRQWRQ KDV PDQ\ VHUYLFH URDGV WRGD\ ZKLFK SURYLGH D EXIIHU IURP WKURXJK WUDIÀF IRU SHGHVWULDQV 5HWURÀWWLQJ VHUYLFH URDGV LV SRVVLEOH EXW RSHUDWLRQDO IDFWRUV PXVW EH FRQVLGHUHG ZKHQ HYDOXDWLQJ WKH FDVH IRU VHUYLFH URDGV

%LNH /DQHV DUH PHDVXUHG IURP WKH FHQWUH RI WKH ODQH OLQH PDUNLQJ WR WKH IDFH RI FXUE RU FHQWUH RI WKH DGMDFHQW ODQH OLQH PDUNLQJ

&XUEVLGH 7UDYHO /DQHV DUH PHDVXUHG IURP WKH OLS RI JXWWHU WR WKH FHQWUH *HQHUDO 3XUSRVH 7UDYHO RI ODQH OLQH PDUNLQJ /DQHV DUH PHDVXUHG IURP WKH FHQWUH RI ODQH OLQH PDUNLQJV

*XWWHU LV LQFOXGHG LQ SDUNLQJ ODQH DQG ELNH ODQH PHDVXUHPHQWV 7KH OLS RI JXWWHU PXVW QRW LQWHUIHUH ZLWK VDIH ELF\FOLVW SRVLWLRQLQJ

3DUNLQJ /DQHV DUH PHDVXUHG IURP WKH HGJH RI WKH DGMDFHQW ODQH PDUNLQJ WR WKH IDFH RI FXUE

7UDYHO ODQH GLPHQVLRQV H[FHSW IRU ELNH ODQHV IRU RXWVLGH WUDYHO ODQHV DUH PHDVXUHG IURP WKH OLS RI JXWWHU DQG H[FOXGH WKH JXWWHU DGMDFHQW WR WKH FXUE W\SLFDOO\ P 3DUNLQJ ODQHV VKRXOG EH PHDVXUHG IURP IDFH RI FXUE DQG ELNH ODQHV PD\ EH PHDVXUHG IURP IDFH RI FXUE LI DGHTXDWH ULGDEOH VXUIDFH DGMDFHQW WR WKH OLS RI JXWWHU DW OHDVW P LV SURYLGHG


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

'LPHQVLRQV &RQVLGHUDWLRQV

1RWH WKDW DOO PRWRU YHKLFOH ODQH ZLGWKV DUH UHIHUHQFHG WR HLWKHU WKH FHQWUH RI WKH ODQH PDUNLQJ WKDW GHÀQHV WKH ODQH RU WKH OLS RI JXWWHU L H ZKHUH WKH SDYHPHQW PHHWV WKH HGJH RI WKH KRUL]RQWDO FRQFUHWH JXWWHU SDQ $OO RQ VWUHHW ELF\FOH ODQH ZLGWKV DUH UHIHUHQFHG WR HLWKHU WKH FHQWUH RI WKH ODQH PDUNLQJ WKDW GHÀQHV WKH ODQH RU WKH IDFH RI FXUE L H ZKHUH WKH SDYHPHQW RU KRUL ]RQWDO FRQFUHWH JXWWHU SDQ PHHWV WKH YHUWLFDO ÁDW IDFH RI WKH FXUE ZLWK WKH SURYLVR WKDW DOO ELF\FOH ODQH GLPHQVLRQV PXVW LQFOXGH D PLQLPXP P ULGHDEOH ZLGWK IUHH RI ORQJLWXGLQDO MRLQWV %LF\FOH ODQHV ! P VKRXOG EH FRQÀ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

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

6QRZSORZV IXQFWLRQ RQ ODQHV P ZLGH RU ODUJHU ZLWKRXW LVVXH E\ XVLQJ D P EODGH

,Q VLWXDWLRQV ZKHUH FRQVWUDLQHG GLPHQVLRQV DUH EHLQJ FRQVLGHUHG 7DEOH VKRXOG EH XVHG DV D JXLGH WR UDWLRQDOL]H WUDGH RIIV 7KLV WDEOH LV RQO\ WR SURYLGH JXLGDQFH LQ FRQVWUDLQHG VLWXDWLRQV SULPDULO\ LQ UHWURÀW VLWXDWLRQV DQG VKRXOG QRW EH XVHG DV D SULPDU\ UHIHU HQFH WR MXVWLI\ VXE RSWLPDO GLPHQVLRQV IRU D SDUWLFXODU PRGH ,Q DGGLWLRQ LW LV QRW GHVLUDEOH WR EXLOG D FURVV VHFWLRQ XVLQJ RQO\ FRQVWUDLQHG GLPHQVLRQV DQG LW ZLOO EH QHFHVVDU\ WR MXVWLI\ ZKHQ FRQVWUDLQHG GLPHQVLRQV KDYH EHHQ XVHG

7DEOH &RQVWUDLQHG 'LPHQVLRQ &RQVLGHUDWLRQV IRU /DQH 6WUHHWV 'LPHQVLRQ 0RWRU 9HKLFOH 7UDYHO /DQH :LGWKV ODQH ZLGWK JHQHUDO SXUSRVH WUDYHO ODQHV

ODQH ZLGWK WUDQVLW URXWH ODQHV

ODQH ZLGWK KLJK WUXFN YROXPH VWUHHWV

3DUNLQJ /DQH :LGWKV PRWRU YHKLFOH SDUNLQJ PRWRU YHKLFOH SDUNLQJ RQ ORFDO URDGV

%LF\FOH )DFLOLWLHV ZLGHU FXUE ODQHV RU VKDUHG XVH ODQHV IRU VLGH E\ VLGH VKDUHG XVH

ZLGHU FXUE ODQHV RU VKDUHG XVH ODQHV RQ WUDQVLW URXWH RU KLJK WUXFN YROXPH VWUHHWV IRU VLGH E\ VLGH VKDUHG XVH ELF\FOH ODQH ZLGWK F\FOH WUDFN ODQH ZLGWK RQH ZD\

VKDUHG XVH SDWK 3HGHVWULDQ )DFLOLWLHV VLGHZDON LQ 6WUHHW 2ULHQWHG FRQWH[W VLGHZDON LQ 1RQ 6WUHHW 2ULHQWHG FRQWH[W

5HIHUHQFHV

&RQVWUDLQHG

6WDQGDUG

P

P

P P

P P

P P

P P

P

P

P

P

P P P

P P P

P

P

P

P

*HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6WDQGDUG /DQH :LGWK

P

P +LJK 7UXFN 9ROXPH VWUHHW

/RFDO 6WUHHW /DQH

9DULHV 3DUNLQJ ERWK VLGHV 9DULHV 3DUNLQJ RQH VLGH

/RFDO VWUHHWV PD\ QRW KDYH GHÀQHG ODQHV DQG PD\ RSHUDWH DV D VLQJOH EL GLUHFWLRQDO ODQH 3DUNLQJ FRQÀJXUDWLRQ ZLOO LPSDFW WKH DPRXQW RI VSDFH DYDLODEOH IRU YHKLFOH WUDYHO


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

/DQH :LGWK DQG /DQH 5HFRQÀJXUDWLRQ

:LGH URDGZD\V FRQÀJXUHG ZLWK PXOWLSOH RU ZLGH WUDYHO ODQHV PD\ RIIHU WKH SRWHQWLDO IRU ODQH UHFRQÀJXUDWLRQ 7UDYHO ODQHV PD\ EH QDUURZHG RU UHFRQÀJXUHG WR DGG 2Q 6WUHHW 3DUNLQJ ZLGHQ 6LGHZDONV RU DGG RQ VWUHHW ELNH ZD\V VXFK DV %LNH /DQHV RU &\FOH 7UDFNV 2QH UHWURÀW H[DPSOH LV WR DGDSW D ODQH XQGLYLGHG URDGZD\ WR D ODQH URDGZD\ ZLWK D FRQWLQXRXV WZR ZD\ FHQWHU WXUQ ODQH 7KLV W\SH RI UHFRQÀJXUDWLRQ FRXOG EH FRQVLGHUHG RQ VWUHHWV ZLWK YHKLFOHV GD\ RU IHZHU %HIRUH /DQHV 8QGLYLGHG

$IWHU /DQHV ZLWK %LNH /DQHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

'HVLJQ 6SHHG 7UDYHO 6SHHG DQG 3HGHVWULDQ 6DIHW\

'HVFULSWLRQ

7UDYHO VSHHGV RI URDGZD\V VLJQLÀFDQWO\ LPSDFW WKH VDIHW\ DQG HIÀFLHQF\ RI D URDGZD\ 5RDGZD\V LQ 6WUHHW 2ULHQWHG ODQG XVH DUHDV VKRXOG EH GHVLJQHG IRU VORZHU SHGHVWULDQ FRPSDWLEOH PRWRU YHKLFOH WUDYHO VSHHGV DV D UHVSRQVH WR KLJKHU OHYHOV RI SHGHVWULDQ DFWLYLW\ 7KH SODFHPHQW DQG ORFDWLRQ RI IXUQLVKLQJV LQ SHGHV WULDQ RULHQWHG HQYLURQPHQWV PD\ EH GHSHQGHQW RQ URDGZD\ VSHHG

7UDIÀF VSHHGV KDYH EHHQ SURYHQ WR LPSDFW VXUYLYDO UDWHV LQ WKH HYHQW RI D FROOLVLRQ LQYROYLQJ D PRWRU YHKLFOH DQG D SHGHVWULDQ 7KLV ÀJXUH VXPPDUL]HV GDWD IURP WKUHH VHSDUDWH FROOLVLRQ VWXGLHV XQGHUWDNHQ RYHU WKH ODVW \HDUV 7KH GDWD IURP HDFK VWXG\ VKRZV WKDW DERYH NP K WKH SUREDELOLW\ RI GHDWK LQFUHDVHV UDSLGO\ )XUWKHU WKH UHVHDUFKHUV H[DPLQLQJ WKHVH VWXGLHV QRWHG WKDW ´ D OWKRXJK WKH ULVNV RI SHGHVWULDQV EHLQJ NLOOHG DW NP K LV UHODWLYHO\ ORZ DSSUR[LPDWHO\ KDOI RI SHGHVWULDQ IDWDOLWLHV RFFXU DW WKLV LPSDFW VSHHG RU EHORZµ 5LFKDUGV

0LWLJDWLQJ WKH ,PSDFWV RI +LJK 6SHHG 'HVLJQ

3HGHVWULDQV ZLOO EHQHÀW IURP LQFUHDVHG 6LGHZDON EXIIHU ZLGWKV DQG VDIH FRQYHQLHQW FURVVLQJ RSSRUWXQLWLHV

3UREDELOLW\ RI 3HGHVWULDQ 'HDWK E\ 6SHHG

3UREDELOLW\ RI 'HDWK

3HGHVWULDQV DQG ELF\FOLVWV DUH OLNHO\ WR EH IRXQG RQ DOO VWUHHWV HYHQ LQ 1RQ 6WUHHW 2ULHQWHG ODQG XVH FRQWH[W ZKHUH KLJKHU VSHHGV DUH FRPPRQ &RQVLGHU ZD\V WR PLWLJDWH WKH QHJDWLYH LPSDFWV RI KLJK VSHHG GHVLJQ RQ WKHVH XVHUV

%LF\FOLVWV RIWHQ EHQHÀW IURP LQFUHDVHG IDFLOLW\ ZLGWK DQG RU SK\VLFDOO\ SURWHFWHG &\FOH 7UDFN ELNHZD\V

,PSDFW 6SHHG NP K

6XJJHVWHG 5RDGZD\ 6SHHG /LPLWV

8QGHU LGHDO FLUFXPVWDQFHV D XQLÀHG VSHHG VKRXOG EH XVHG WR JXLGH WKH GHVLJQ RSHUDWLRQ DQG UHJXODWRU\ DVSHFWV RI &RPSOHWH 6WUHHWV 'HVLJQ VSHHG VKRXOG HTXDO WKH VSHHG OLPLW 6XJJHVWHG 5RDGZD\ 6SHHG /LPLWV NP K

$UWHULDO

5HVLGHQWLDO 1RQ 6WUHHW 6WUHHW 2ULHQWHG 2ULHQWHG

&RPPHUFLDO 0L[HG 8VH 1RQ 6WUHHW 6WUHHW 2ULHQWHG 2ULHQWHG

,QGXVWULDO 1RQ 6WUHHW 6WUHHW 2ULHQWHG 2ULHQWHG

0DMRU 3XEOLF 6SDFHV DQG ,QVWLWXWLRQV 1RQ 6WUHHW 6WUHHW 2ULHQWHG 2ULHQWHG

&ROOHFWRU

/RFDO

&LW\ RI (GPRQWRQ 3ROLF\ & DOORZV WKH FRQVLGHUDWLRQ RI NP K VSHHG OLPLWV RQ UHVLGHQWLDO ORFDO RU FROOHFWRU VWUHHWV XQGHU FHUWDLQ FRQGLWLRQV

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

,I WUDIÀF FDOPLQJ LV XVHG WR PDQDJH WUDYHO VSHHGV LPSOHPHQW WKHVH IHDWXUHV ZLWK VQRZSORZ IULHQGO\ GHVLJQV IRU KRUL]RQWDO DQG YHUWLFDO GHÁHFWLRQ VXFK DV DSSURSULDWHO\ GHVLJQHG FXUE H[WHQVLRQV RU VLQXVRLGDO SURÀOH VSHHG KXPSV

5HIHUHQFHV

*HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD 'HVLJQLQJ :DONDEOH 8UEDQ 7KRURXJKIDUHV $ &RQWH[W 6HQVLWLYH $SSURDFK 3XEOLFDWLRQ 1R 53 $ ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV 5LFKDUGV ' 5HODWLRQVKLS EHWZHHQ VSHHG DQG ULVN RI IDWDO LQMXU\ SHGHVWULDQV DQG FDU RFFXSDQWV 5RDG 6DIHW\ :HE 3XEOLFDWLRQ 1R 7UDQVSRUW 5HVHDUFK /DERUDWRU\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

2Q 6WUHHW 9HKLFOH 3DUNLQJ 'HVFULSWLRQ

2Q VWUHHW SDUNLQJ LV DQ LPSRUWDQW SDUW RI URDGZD\V DGMDFHQW WR 6WUHHW 2ULHQWHG ODQG XVHV 2Q VWUHHW SDUNLQJ FDQ FDOP URDGZD\ WUDYHO VSHHGV SURYLGH GLUHFW DFFHVV WR EXVLQHVVHV DQG UHVLGHQFHV DQG UHGXFH WKH GHPDQG IRU RII VWUHHW SDUNLQJ SURYLVLRQ

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

2Q VWUHHW SDUNLQJ VKRXOG EH FRQVLGHUHG IRU WKH IRO ORZLQJ ODQG XVHV ‡ 6WUHHW 2ULHQWHG &RPPHUFLDO

2Q VWUHHW SDUNLQJ DOVR DFWV DV D EXIIHU WR SURWHFW SHGHVWULDQV DQG ELF\FOLVWV RQ F\FOH WUDFNV LI SUHVHQW IURP PRYLQJ PRWRU YHKLFOH WUDIÀF

‡ 6WUHHW 2ULHQWHG 3XEOLF ,QVWLWXWLRQV

%HVW RQ 5RDGZD\V ZLWK

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

‡ 6WUHHW 2ULHQWHG ODQG XVHV

‡ /RFDWLRQV ZKHUH D EXIIHU EHWZHHQ PRYLQJ FDUV DQG SHRSOH RQ IRRW LV GHVLUHG IRU H[DPSOH QHDU VFKRROV DQG SDUNV ZKHUH FKLOGUHQ DUH SUHVHQW

2WKHU &RQVLGHUDWLRQV

,Q FRQVWUDLQHG URDGZD\ FRQGLWLRQV VXFK DV ZKHQ DGGLQJ %LNH /DQHV WR DQ H[LVWLQJ VWUHHW LW PD\ QRW EH SRVVLEOH WR PDLQWDLQ RQ VWUHHW SDUNLQJ RQ ERWK VLGHV RI WKH URDGZD\ ,Q WKHVH FRQGLWLRQV WKH URDGZD\ GHVLJQHU VKRXOG FRQVLGHU WKH IROORZLQJ RSWLRQV LQ RUGHU RI SUHIHUHQFH ‡ 5HGXFH WKH ZLGWK RU QXPEHU RI WUDYHO ODQHV

2Q VWUHHW SDUNLQJ LV UHFRPPHQGHG ZKHUH SRVVLEOH RQ DOO RWKHU 6WUHHW 2ULHQWHG ODQG XVH FDWHJRULHV

7KH VWDQGDUG GLPHQVLRQ RI RQ VWUHHW SDUNLQJ ODQHV LV P P LQ FRQVWUDLQHG ORFDWLRQV :LGHU SDUNLQJ ODQHV PD\ EH FRQVLGHUHG RQ KLJK VSHHG URDGZD\V VWUHHWV ZLWK RQ VWUHHW JRRGV ORDGLQJ ]RQHV RU 7UDQVLW 1HWZRUN VWUHHWV ZKHUH EXVHV SXOO LQWR WKH SDUNLQJ ODQH IRU SDVVHQJHU ERDUGLQJ 2Q %LNH 1HWZRUN VWUHHWV 7$& VWDQGDUG SDUNLQJ ODQHV ZLGWK LV P DQG GHÀQHG ZLWK PDUNLQJV WR HQFRXUDJH SDUNLQJ DV FORVH WR WKH FXUE DV SRVVLEOH 2Q /RFDO VWUHHWV SDUNLQJ ODQHV DUH QRW PDUNHG DQG RQ P URDGZD\V WKH\ PD\ EH PHDVXUHG DV P ZLGH

6LQJOH 6LGH 3DUNLQJ

‡ 3XUVXH FURVV VHFWLRQ PRGLÀFDWLRQV WR UHDOORFDWH VSDFH

,I WKH SURYLVLRQ RI SDUNLQJ LV RQO\ SRVVLEOH RQ RQH VLGH RI WKH URDGZD\ SUHIHUHQFH VKRXOG JHQHUDOO\ EH JLYHQ WR WKH VLGH ZLWK WKH IROORZLQJ W\SHV RI FRQGLWLRQV

‡ 3URYLGH SDUNLQJ RQ RQO\ RQH VLGH RI WKH URDGZD\

‡ +LJK GHQVLW\ RI VWRUHIURQWV

‡ 5HGXFH WKH VL]H RI WKH 6LGHZDON IURQWDJH ]RQH ZLWKLQ DFFHSWDEOH GLPHQVLRQV

‡ 6FKRROV

‡ &RQVLGHU DFTXLULQJ ODQG

$GGLWLRQDO %HQHÀWV

3DUNLQJ ODQHV SURYLGH DQ RSSRUWXQLW\ WR VHUYH RWKHU XVHV VXFK DV VSDFH IRU &XUE ([WHQVLRQV RU RQ VWUHHW ELF\FOH SDUNLQJ

‡ 3ODFHV RI ZRUVKLS ‡ )HZHU GULYHZD\V ‡ )HZHU ÀUH K\GUDQW DFFHVV SRLQWV &RQVLGHU LQFUHDVHG 6LGHZDON IXUQLVKLQJ ]RQH ZLGWK RQ WKH VLGH ZLWKRXW SDUNLQJ WR LPSURYH FRQGLWLRQV IRU SHGHVWULDQV RQ WKDW VLGH

$OO GLPHQVLRQV IRU RXWVLGH WUDYHO ODQHV DUH PHDVXUHG IURP WKH OLS RI JXWWHU DQG H[FOXGH WKH JXWWHU DGMDFHQW WR WKH FXUE W\SLFDOO\ P


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LNH /DQHV DQG 3DUNLQJ LQ &RQVWUDLQHG &RQGLWLRQV

3

%HQHÀWV RI 2Q 6WUHHW 3DUNLQJ

&XUE ([WHQVLRQV ZLGHQ VLGHZDON

%XIIHU IURP WUDIILF

3

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

2Q VWUHHW SDUNLQJ FDQ FUHDWH FRPSOLFDWLRQV IRU URXWLQH VQRZ SORZ RSHUDWLRQV GXULQJ VQRZ HYHQWV LI YHKLFOHV DUH QRW UHPRYHG IURP WKH SDUNLQJ ODQH 6HDVRQDO SDUNLQJ EDQV RU VQRZ HYHQW SDUNLQJ EDQV PD\ PLQLPL]H VXFK SUREOHPV

'LUHFW EXVLQHVV DFFHVV

3

5HIHUHQFHV

*HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6SHHG DQG 9ROXPH 0DQDJHPHQW 7HFKQLTXHV 'HVFULSWLRQ

6SHHG DQG YROXPH PDQDJHPHQW WHFKQLTXHV H[LVW WR DGMXVW WKH SUHYDLOLQJ FRQGLWLRQV RI YHKLFOH RSHUDWLRQ RQ VWUHHWV 0RVW RIWHQ WKHVH HOHPHQWV DUH XVHG RQ ORFDO UHVLGHQWLDO VWUHHWV WR FUHDWH PRUH QHLJKERXU KRRG FRPSDWLEOH FRQGLWLRQV 7KHVH WHFKQLTXHV DUH GHVLJQHG WR DSSO\ WR PRWRU YHKLFOHV RQO\ 6WUHHW GHVLJQHUV VKRXOG SHUPLW WKH VDIH FRPIRUWDEOH SDVVDJH DQG DFFHVV RI SHGHVWULDQV DQG ELF\FOLVWV 7KH &LW\ RI (GPRQWRQ·V (IIHFWLYH (QJLQHHULQJ 0HDVXUHV WKDW $GGUHVV 6SHHGLQJ ,VVXHV RQ 5HVLGHQWLDO 5RDGZD\V LQ (GPRQWRQ SURYLGHV PRUH LQIRUPDWLRQ RQ VHOHFWLQJ DSSURSULDWH WUHDWPHQWV

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

‡ 0RVW DSSURSULDWH RQ /RFDO VWUHHWV 3DUWLFXODUO\ HIIHFWLYH DW FUHDWLQJ FRQGLWLRQV FRPSDWLEOH ZLWK %LF\FOH %RXOHYDUG ELNHZD\V ‡ /LPLWHG XVH RQ &ROOHFWRU VWUHHWV ‡ ,QDSSURSULDWH RQ +LJK 7UXFN 9ROXPH VWUHHWV DQG $UWHULDO VWUHHWV ,W LV KLJKO\ UHFRPPHQGHG WKDW WKH V\VWHP ZLGH LPSDFWV EH DVVHVVHG 7KLV LQFOXGHV LPSDFWV WR WKH VXUURXQGLQJ DUHD DQG WKH LPSDFWV DORQJ WKH OHQJWK RI WKH FRUULGRU $SSOLFDWLRQ RI WKHVH WHFKQLTXHV VKRXOG DOZD\V FRQVLGHU SRWHQWLDO LPSDFWV WR WUDQVLW DQG HPHUJHQF\ UHVSRQVH YHKLFOHV

9ROXPH PDQDJHPHQW WHFKQLTXHV DUH FRPELQHG ZLWK ELNH SULRULW\ PHDVXUHV RQ 9DQFRXYHU·V WK $YHQXH %LNHZD\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6SHHG 0DQDJHPHQW

6SHHG PDQDJHPHQW PHDVXUHV KDYH D SURYHQ HIIHFW RQ VSHHG UHGXFWLRQ E\ FUHDWLQJ VHOI HQIRUFLQJ HQYLURQ PHQWV 7KH ÀYH WHFKQLTXHV WKDW KDYH EHHQ LGHQWLÀHG DV DSSURSULDWH IRU (GPRQWRQ DUH 6SHHG 7DEOHV 5DLVHG &URVVZDONV 7UDIÀF &LUFOHV 3LQFKSRLQWV RU &KRNHUV DQG 5DLVHG &HQWUH ,VODQGV

9ROXPH 0DQDJHPHQW

9ROXPH PDQDJHPHQW WHFKQLTXHV FRQWURO DFFHVV LQWR DQG RXW RI VWUHHWV DW LQWHUVHFWLRQV &RPPRQ YROXPH PDQDJHPHQW WHFKQLTXHV LQFOXGH

6SHHG 7DEOH RU 5DLVHG &URVVZDON

5LJKW ,Q 5LJKW 2XW

1HLJKERXUKRRG 7UDIÀF &LUFOH

3DUWLDO &ORVXUH

3LQFKSRLQWV RU &KRNHUV

'LDJRQDO 'LYHUWHU

5DLVHG &HQWUH ,VODQG

0HGLDQ 'LYHUWHU

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

+RUL]RQWDO DQG YHUWLFDO GHÁHFWLRQ PHDVXUHV PD\ DIIHFW VQRZ UHPRYDO DQG VWUHHW VZHHSLQJ DFWLYLWLHV EXW DUH QRW LQFRPSDWLEOH $SSOLFDWLRQ RI WKHVH WHFK QLTXHV VKRXOG DOZD\V FRQVLGHU LPSDFWV WR VQRZ DQG LFH FRQWURO

5HIHUHQFHV

&DQDGLDQ *XLGH WR 1HLJKERXUKRRG 7UDIÀF &DOPLQJ 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD DQG &DQDGLDQ ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV (IIHFWLYH (QJLQHHULQJ 0HDVXUHV WKDW $GGUHVV 6SHHGLQJ ,VVXHV RQ 5HVLGHQWLDO 5RDGZD\V LQ (GPRQWRQ &LW\ RI (GPRQWRQ 2IÀFH RI 7UDIÀF 6DIHW\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

/DQGVFDSH $PHQLWLHV 'HVFULSWLRQ

6WUHHW WUHHV DUH D IXQGDPHQWDO HOHPHQW IRU GHVLJQLQJ FRPSOHWH VWUHHWV 6WUHHW WUHHV PDNH D TXDQWLÀDEOH FRQWULEXWLRQ WR WKH OLYHDELOLW\ RI RXU FLW\ ,Q DGGLWLRQ WR WKHLU DHVWKHWLF DQG HQYLURQPHQWDO YDOXH VWUHHW WUHHV FDQ VORZ WUDIÀF DQG LPSURYH VDIHW\ IRU SHGHV WULDQV 7UHHV DGG YLVXDO LQWHUHVW WR VWUHHWV DQG QDUURZ WKH VWUHHW·V YLVXDO FRUULGRU 7KH FLW\ RI (GPRQWRQ FXUUHQWO\ KDV RYHU WUHHV ZLWKLQ RXU URDGZD\ ULJKW RI ZD\ 7KLV PDNHV XS RI WKH &LW\·V SXEOLFO\ RZQHG WUHHV &RQWLQXLQJ WR SURYLGH VWUHHW WUHHV LQ ERXOHYDUGV DQG PHGLDQV FRXOG SOD\ D UROH LQ DFKLHYLQJ WKH 8UEDQ )RUHVW 0DQDJHPHQW 3ODQ·V JRDO RI GRXEOLQJ RXU WUHH FDQRS\ WR D FRYHUDJH RI

7UHH 3ODQWLQJ $SSURYDO

$SSURYDO LV QHFHVVDU\ WR HQVXUH WKDW WUHHV SODQWHG RQ &LW\ SURSHUW\ DUH WKH ULJKW VSHFLHV LQ WKH ULJKW ORFD WLRQ DQG VSDFHG DSSURSULDWHO\ DSDUW IRU IXWXUH PDLQ WHQDQFH $SSURYDO LV DOVR UHTXLUHG WR HQVXUH WKDW WKH SODQWLQJ ORFDWLRQ LV IUHH RI XQGHUJURXQG XWLOLWLHV DQG LV QRW LQ DQ DUHD GHVLJQDWHG IRU IXWXUH PXQLFLSDO GHYHORS PHQW L H XWLOLW\ LQVWDOODWLRQ URDG ZLGHQLQJ HWF

%HQHÀWV RI 6WUHHW 7UHHV

,PSURYHV DLU TXDOLW\ E\ ÀOWHULQJ GXVW DQG DEVRUELQJ R]RQH FDUERQ PRQR[LGH VXOSKXU GLR[LGH QLWUR JHQ R[LGHV DLUERUQH DPPRQLD DQG KHDY\ PHWDOV (GPRQWRQ·V IRUHVW UHPRYHG WRQQHV RI SROOXWDQWV LQ DORQH 5HGXFHV VWUHVV RI SHRSOH ZKR WUDYHO DORQJ VWUHHW OLQHG FRUULGRUV 0DQDJHV WKH VSHHG RI WUDIÀF 7UHHV LQ IXUQLVKLQJ ]RQHV DQG DORQJ URDGZD\V SURYLGH VKDGH WR SHRSOH DORQJ WKH URDGZD\ 5HGXFHV GDPDJH IURP VWRUP ZDWHU UXQRII E\ DEVRUE LQJ UDLQIDOO RU GHOD\LQJ LWV ÁRZ LQWR GUDLQDJH DUHDV

5HWURÀWWLQJ 6WUHHWV ZLWK 0DWXUH 6WUHHW 7UHHV

:KHQ UHWURÀWWLQJ VWUHHWV ZLWK VLGHZDONV RU RWKHU &RPSOHWH 6WUHHWV HOHPHQWV LW LV LPSRUWDQW WR SUHVHUYH H[LVWLQJ VWUHHW WUHHV

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

/DQGVFDSH DPHQLWLHV DUH SUHIHUUHG RQ DOO VWUHHWV HYHU\ZKHUH DQG DUH PRVW EHQHÀFLDO RQ DOO W\SHV RI VWUHHWV LQ 6WUHHW 2ULHQWHG ODQG XVHV 7KH VSHHG UHGXFWLRQ HIIHFW RI ODQGVFDSLQJ LV SDU WLFXODUO\ EHQHÀFLDO IRU WKH WUDQVSRUWDWLRQ REMHFWLYHV RI %LF\FOH %RXOHYDUG VWUHHWV

&XUE ([WHQVLRQV PD\ EH XVHG WR H[SDQG WKH ODQG VFDSHG DUHD DURXQG PDWXUH WUHHV 1DUURZLQJ WKH WKURXJK ]RQH RI WKH VLGHZDON WR ZUDS DURXQG ODUJH PDWXUH WUHHV

&RQVWUDLQHG &RQGLWLRQV

,I IXUQLVKLQJ RU IURQWDJH ]RQHV DUH WRR QDUURZ LI VLGHZDONV DUH DGMDFHQW WR FXUEV RU LI RUGLQDQFHV DQG VHWEDFN UHTXLUHPHQWV HOLPLQDWH WUHHV IURP WKH IXUQLVK LQJ RU IURQWDJH ]RQHV VWUHHW WUHHV FRXOG EH SODQWHG RXWVLGH WKH HVWDEOLVKHG VWUHHW ULJKW RI ZD\ RQ SULYDWH SURSHUW\ LQ DFFRUGDQFH ZLWK DFTXLUHG HDVHPHQWV 1DUURZ IXUQLVKLQJ ]RQHV PD\ DFFRPPRGDWH SODQWLQJV VKUXEV DV DQ DOWHUQDWLYH WR VWUHHW WUHHV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

7UHHV UHTXLUH DGHTXDWH DUHD IRU KHDOWK\ JURZWK P VWDQGDUG ZLGWK IXUQLVKLQJ ]RQH P FRQVWUDLQHG )XUQLVKLQJ ]RQHV QDUURZHU WKDQ P PD\ DFFRPPR GDWH SODQWLQJV VKUXEV 1R XQGHUJURXQG XWLOLWLHV FORVHU WKDQ P 7UHH VSDFLQJ YDULHV IURP P WR P GHSHQGLQJ RQ VSHFLHV &RQVXOW WKH &LW\ WR LGHQWLI\ VLWH DSSURSUL DWH VSHFLHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

‡ 'R QRW FRPSURPLVH DGHTXDWH URDGZD\ RU LQWHUVHF WLRQ VLJKWOLQHV ZKHQ FRQVLGHULQJ WUHHV RU ODQGVFDSLQJ IHDWXUHV

6WUHHW 7UHH 3ODFHPHQW 'LPHQVLRQV

6HWEDFN IURP RWKHU VWUHHWVFDSH HOHPHQWV LQ PHWUHV ‡ 'LVWDQFH IURP FRUQHU

‡ 'LVWDQFH IURP OLJKW SROHV

‡ 'LVWDQFH IURP ÀUH K\GUDQWV

‡ 'LVWDQFH IURP 6WRS RU <LHOG VLJQV

‡ 'LVWDQFH IURP EXV VWRSV

‡ 'LVWDQFH IURP VLJQV

‡ 'LVWDQFH IURP GULYHZD\

‡ 'LVWDQFH IURP GHHS XQGHUJURXQG XWLOLWLHV

P FRQVWUDLQHG

P

8QGHUJURXQG 8WLOLWLHV

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

5HIHUHQFHV

8UEDQ )RUHVW 0DQDJHPHQW 3ODQ &LW\ RI (GPRQWRQ 7KH &LW\ RI (GPRQWRQ KDV KLJK VWDQGDUGV IRU WKH SUR WHFWLRQ RI WUHHV GXULQJ FRQVWUXFWLRQ DFWLYLWLHV 'XULQJ &RUSRUDWH 7UHH 0DQDJHPHQW 3ROLF\ & $ &LW\ RI QHLJKERXUKRRG UHQHZDO PDWXUH VWUHHW WUHHV DUH WR EH (GPRQWRQ $SULO SURWHFWHG WR WKH KLJKHVW GHJUHH SRVVLEOH /RZ ,PSDFW 'HYHORSPHQW %HVW 0DQDJHPHQW 3UDFWLFHV 'HVLJQ *XLGH &LW\ RI (GPRQWRQ


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

8WLOLWLHV 'HVFULSWLRQ

7KH UHTXLUHG ORFDWLRQV RI WKH XWLOLWLHV DQG WKH UHTXLUHG FOHDUDQFHV LQ PDQ\ FDVHV DUH ZKDW GLFWDWH WKH SODFHPHQW RI PDQ\ RI WKH RWKHU URDGZD\ HOHPHQWV LQ WKH FURVV VHFWLRQ 8WLOLWLHV LQFOXGH VHZHU ZDWHU JDV DQG WHOHFRPPXQLFDWLRQV IRU WUDIÀF VLJQDOV VWUHHW OLJKWV DQG FDEOH 3URSHUWLHV QHHG WR EH VXIÀFLHQWO\ DQG DGHTXDWHO\ VHU YLFHG DQG PDQ\ RI WKH UHTXLUHPHQWV VXFK DV FOHDUDQFHV DUH SURYLQ FLDOO\ DQG IHGHUDOO\ PDQGDWHG DQG PXVW EH DFFRXQWHG IRU

'HVLJQ 'HWDLOV

‡ 6HZHU 6WRUP 6DQLWDU\ WR ZDWHU PXVW KDYH D PLQLPXP RI P KRUL]RQWDO VHSDUDWLRQ DV PDQGDWHG E\ SURYLQFLDO VWDQGDUGV ‡ +\GUDQWV PXVW EH P WR IDFH RI FXUE IRU VHSDUDWH ZDONV DQG P WR IDFH RI FXUE IRU PRQR ZDONV DQG PD\ UHTXLUH D ODUJHU IXUQLVKLQJ ]RQH ‡ 7UHHV PXVW PDLQWDLQ D PLQLPXP RI P KRUL]RQWDO FOHDUDQFH WR GHHS XWLOLWLHV DQG VHUYLFHV ‡ 7UHHV PXVW PDLQWDLQ D PLQLPXP RI P KRUL]RQWDO FOHDUDQFH WR K\GUDQWV

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ 8WLOLWLHV DUH SURYLGHG RQ WKH PDMRULW\ RI VWUHHWV UHJDUGOHVV RI VWUHHW W\SH DQG RULHQWDWLRQ

‡ 6KDOORZ XWLOLWLHV VWUHHW OLJKWLQJ SRZHU DQG GLVWULEX WLRQ JDV PXVW PDLQWDLQ P WR DOO GHHS XWLOLWLHV ‡ /RFDWH XWLOLWLHV VR WKDW PDQKROHV DUH DZD\ IURP ZKHHO SDWKV DQG WUDYHO DUHDV IRU SHGHVWULDQV DQG ELF\FOLVWV

&RVWV

:KHQ HYDOXDWLQJ WKLV HOHPHQW FRVWV IRU WKH XWLOLW\ RSHUDWLRQV DQG PDLQWHQDQFH FRVWV ZLOO EH FRQVLGHUHG DV WKHVH FDQ EH D PDMRU IDFWRU LQ WKH RYHUDOO FRVWV RI WKH ULJKWV RI ZD\ PDLQWHQDQFH

7\SLFDO 8WLOLW\ /RFDWLRQV

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

2IWHQ PDLQWHQDQFH RI XWLOLWLHV FDQ UHTXLUH WKH URDG VXUIDFH WR EH UHFRQVWUXFWHG

5HIHUHQFHV

5RDGZD\V ² 'HVLJQ 6WDQGDUGV &RQVWUXFWLRQ 6SHFLÀFDWLRQV &LW\ RI (GPRQWRQ


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

3HGHVWULDQV 6LGHZDONV &XUE ([WHQVLRQ 6WUHHWVFDSH $PHQLWLHV 3HGHVWULDQV DW ,QWHUVHFWLRQV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6LGHZDONV 'HVFULSWLRQ

%RXOHYDUG 6LGHZDON 'HVLJQ

6LGHZDONV DUH WKH PRVW IXQGDPHQWDO HOHPHQW RI WKH ZDONLQJ QHWZRUN DV WKH\ SURYLGH DQ DUHD IRU SHGHV WULDQ WUDYHO WKDW LV VHSDUDWHG IURP PRWRUL]HG WUDIÀF 6LGHZDONV DUH W\SLFDOO\ FRQVWUXFWHG RXW RI FRQFUHWH DQG DUH VHSDUDWHG IURP WKH URDGZD\ E\ D FXUE DQG XVXDOO\ D ODQGVFDSHG SODQWLQJ VWULS DUHD

6LGHZDON 3URYLVLRQ

:KHUHYHU SRVVLEOH VLGHZDONV VKRXOG EH LQFOXGHG RQ ERWK VLGHV RI DOO VWUHHW DQG ODQG XVH W\SHV (YHU\ HIIRUW VKRXOG EH PDGH WR DGG VLGHZDONV ZKHUH WKH\ GR QRW H[LVW DQG FRPSOHWH PLVVLQJ OLQNV

6LGHZDONV DUH DOORZHG RQ RQH VLGH WR WKH GLVFUHWLRQ RI WKH &LW\ RQ URDGZD\V

‡ :KHUH WKHUH LV IURQW GULYH DFFHVV RQ DW OHDVW RQH VLGH RI WKH URDGZD\ DQG RQ VWUHHWV WKDW DUH P DZD\ IURP D PDMRU SHGHVWULDQ JHQHUDWRU 3HGHVWULDQ JHQHUDWRUV PD\ LQFOXGH VFKRROV GLVWULFW SDUN VLWHV QHLJKERXUKRRG FRPPHUFLDO VLWHV DQG WUDQVLW FHQWUHV ‡ 6KRUW FXO GH VDFV PD\ QRW EH UHTXLUHG WR KDYH DQ\ VLGHZDON DW DOO RU PD\ UHTXLUH VLGHZDON RQ RQH VLGH

6LGHZDONV DUH GHVLUDEOH RQ ERWK VLGHV RI WKH URDGZD\ LQ WKH IROORZLQJ ODQG XVH DQG VWUHHW W\SHV

%RXOHYDUG VLGHZDONV DUH SUHIHUUHG )XUQLVKLQJ ]RQHV PD\ EH SODQWHG DV D ODQGVFDSHG ERXOHYDUG RU SDYHG DV D KDUGVFDSH GHVLJQ ZLWK WUHH ZHOOV WR PD[LPL]H WKH SHGHVWULDQ WKURXJK DUHD

0RQRZDON 6LGHZDON 'HVLJQ

‡ 5HVLGHQWLDO

‡ 0DMRU 3XEOLF 6SDFHV DQG ,QVWLWXWLRQV ‡ 7UDQVLW 1HWZRUN ‡ 6WUHHW 2ULHQWHG

/DQGVFDSLQJ $FFRPPRGDWLRQ

)XUQLVKLQJ ]RQHV VKRXOG EH P WR DFFRPPRGDWH WUHHV EXW PD\ QHHG WR EH ZLGHU GHSHQGLQJ RQ WKH VSHFLHV )XUQLVKLQJ ]RQHV QDUURZHU WKDQ P PD\ DFFRPPRGDWH SODQWLQJV VKUXEV 0RQRZDON VLGHZDON GHVLJQV ODFN D GHÀQHG IXUQLVKLQJ ]RQH 0RQRZDON VLGHZDONV DUH DFFHSWDEOH LQ FHUWDLQ DSSOLFDWLRQV EXW LW LV WKH GHVLJQHU·V UHVSRQVLELOLW\ WR MXVWLI\ WR WKH &LW\ ZK\ PRQRZDON LV SUHIHUUHG

6HH 'UDZLQJ RI WKH 5RDGZD\V 'HVLJQ DQG &RQVWUXFWLRQ 6WDQGDUGV IRU PRUH GHWDLOHG LQIRUPDWLRQ :KHUH VLGHZDONV RQ ERWK VLGHV RI WKH VWUHHW DUH LPSUDFWLFDO RU XQZDUUDQWHG WKH VWUHHW GHVLJQHU VKRXOG VHHN DSSURYDO IURP WKH &LW\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6WDQGDUG 'LPHQVLRQV PHWUHV

6LGHZDON =RQH )URQWDJH =RQH 7KURXJK =RQH )XUQLVKLQJ =RQH

5HVLGHQWLDO 2WKHU 6WUHHW 2ULHQWHG

6LGHZDON =RQHV

2WKHU 1RQ 6WUHHW 2ULHQWHG

•

•

•

•

:LGHU WKDQ VWDQGDUG WKURXJK ]RQH GLPHQVLRQV VKRXOG DOZD\V EH FRQVLGHUHG LQ 6WUHHW 2ULHQWHG ODQG XVH DUHDV 'LPHQVLRQV XQGHU &RQVWUDLQHG &RQGLWLRQV PHWUHV

6LGHZDON 5HVLGHQWLDO 2WKHU )XUQLVKLQJ ]RQH =RQH 6WUHHW 2ULHQWHG )URQWDJH =RQH 7KURXJK =RQH )XUQLVKLQJ =RQH

2WKHU 1RQ 6WUHHW 2ULHQWHG

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

7KH VLGHZDON VKRXOG EH GHVLJQHG WR DFFRPPRGDWH D QRUPDO OHYHO RI VQRZ VWRUDJH ZLWKRXW EORFNLQJ WKH SHGHVWULDQ WKURXJK ]RQH 3UHIHUUHG VQRZ VWRUDJH ORFDWLRQ LV ZLWKLQ D ZLGH IXUQLVKLQJ ]RQH 7KH &LW\ FOHDUV VQRZ IURP VLGHZDONV DGMDFHQW WR FLW\ RZQHG ODQG ZLWKLQ KRXUV WR PHHW WKH UHTXLUHPHQW RI &RPPXQLW\ 6WDQGDUGV %\ODZ ,W LV WKH SURSHUW\ RZQHU·V UHVSRQVLELOLW\ WR GR WKH VDPH DW VLGHZDONV DGMDFHQW WR SULYDWH SURSHUW\

%DVHG RQ UHFRPPHQGHG GLPHQVLRQV IURP 'HVLJQLQJ :DONDEOH 8UEDQ 7KRURXJKIDUHV $ &RQWH[W 6HQVLWLYH $SSURDFK 3XEOLFDWLRQ 1R 53 $ ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV P IXUQLVKLQJ ]RQHV PD\ SUHFOXGH WUHH SODQWLQJV LQFUHDVH WR P WR SURYLGH PLQLPXP VSDFH IRU VWUHHW WUHHV &RQÀUP ÀQDO GHVLJQ ZLWK WKH &RPPXQLW\ 6HUYLFHV 'HSDUWPHQW

)XUQLVKLQJ

7KURXJK

)URQWDJH

5HIHUHQFHV

*HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD 'HVLJQLQJ :DONDEOH 8UEDQ 7KRURXJKIDUHV $ &RQWH[W 6HQVLWLYH $SSURDFK 3XEOLFDWLRQ 1R 53 $ ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

&XUE ([WHQVLRQ 'HVFULSWLRQ

&XUE H[WHQVLRQV RU EXOE RXWV H[WHQG WKH OLQH RI WKH FXUE LQWR WKH URDGZD\ UHGXFLQJ WKH ZLGWK RI WKH VWUHHW FURVVLQJ IRU SHGHVWULDQV LQFUHDVLQJ WKH YLVLELO LW\ RI WKH SHGHVWULDQV WR PRWRULVWV SURYLGLQJ DGGL WLRQDO VSDFH IRU SHGHVWULDQ TXHXLQJ DQG SHUPLWWLQJ EXVHV WR VWRS LQ WKH WUDYHO ODQH ZKHQ SDVVHQJHUV DUH ERDUGLQJ DQG DOLJKWLQJ &XUE H[WHQVLRQV PD\ EH XVHG LQ UHWURÀW VLWXDWLRQV WR FDOP WUDIÀF RQ RYHUVL]HG URDGV &RQVLGHU WKH LPSDFW WR XQGHUJURXQG XWLOLWLHV DQG KRZ WKHVH DUH DFFHVVHG

%HVW DW /RFDWLRQV ‡ 2Q VWUHHW SDUNLQJ

‡ &RUQHUV ZLWK PDUNHG SHGHVWULDQ FURVVZDONV LQ UHWDLO GLVWULFWV GLUHFWO\ DGMDFHQW WR VFKRROV DW LQWHUVHF WLRQV ZLWK GHPRQVWUDWHG SHGHVWULDQ VDIHW\ LVVXHV RQ ZLGH VWUHHWV RU LQ DUHDV RI KLJK IRRW WUDIÀF ‡ 6FKRRO FURVVZDONV ‡ 0LG EORFN FURVVLQJV ZLWK ]HEUD FURVVLQJ PDUNLQJV ‡ )HDVLELOLW\ RI FXUE H[WHQVLRQV VKRXOG EH HYDOXDWHG EDVHG RQ HQJLQHHU UHYLHZ RI GHVLJQ YHKLFOH WXUQLQJ PRYHPHQWV DQG YHKLFOH WXUQLQJ YROXPHV

5HWURÀW &RQVLGHUDWLRQV

‡ 0D\ LPSDFW RQ VWUHHW ELF\FOH IDFLOLWLHV DQG HIIRUWV VKRXOG EH PDGH WR DYRLG HQFURDFKLQJ LQWR ELNH ODQHV ‡ 0D\ LPSDFW VWUHHW GUDLQDJH RU UHTXLUH FDWFK EDVLQ UHORFDWLRQ ‡ 0D\ UHTXLUH ORVV RI FXUEVLGH SDUNLQJ ‡ 0D\ FRPSOLFDWH GHOLYHU\ DFFHVV DQG JDUEDJH UHPRYDO ‡ 0D\ LPSDFW VQRZ SORZV DQG VWUHHW VZHHSHUV ‡ 0D\ LPSDFW WUDQVLW RSHUDWLRQV

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

&XUE H[WHQVLRQV DUH HOLJLEOH IRU XVH RQ DOO VWUHHWV ZLWK KRXU 2Q 6WUHHW 3DUNLQJ ODQHV DQG DUH PRVW DSSUR SULDWH RQ ‡ $OO 6WUHHW 2ULHQWHG ODQG XVHV ‡ 2Q DUWHULDOV DQG FROOHFWRU FURVVLQJV DORQJ %LF\FOH %RXOHYDUG VWUHHWV ‡ $W EXV VWRSV RQ KLJK IUHTXHQF\ 7UDQVLW 1HWZRUN VWUHHWV ‡ ,Q 72' $UHDV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

&RUQHU UDGLL VKRXOG EH PLQLPL]HG ZKHQHYHU SRVVLEOH WR UHGXFH VSHHGV RI WXUQLQJ YHKLFOHV $ UDGLXV RI P ZLOO DOORZ VWUHHW FOHDQLQJ YHKLFOHV WR WXUQ DOO LQVLGH DQG RXWVLGH FRUQHUV RI FXUE H[WHQVLRQV ‡ &XUE H[WHQVLRQV RFFXS\ WKH DUHD RI WKH SDUNLQJ ODQH DQG DUH W\SLFDOO\ P [ P PLQ ‡ &XUE H[WHQVLRQV UHTXLUH D P RIIVHW DOVR NQRZQ DV KRUL]RQWDO FOHDUDQFH IURP PRYLQJ YHKLFOHV :KHQ VSDFH SHUPLWV FXUE H[WHQVLRQV FDQ EH OHQJWK HQHG WR SURYLGH DGGLWLRQDO VSDFH IRU SHGHVWULDQ DQG ELF\FOLVW DPHQLWLHV VXFK DV OLJKWLQJ EHQFKHV DQG ELNH SDUNLQJ RU SODQWLQJ VWRUPZDWHU PDQDJHPHQW DUHDV &XUE H[WHQVLRQV VKRXOG QRW HQFURDFK LQWR DGMDFHQW ELNH ODQHV RU WUDYHO ODQHV DV WKH\ PD\ QHJDWLYHO\ LPSDFW WUDIÀF JRRGV DQG HPHUJHQF\ YHKLFOH RSHUDWLRQV $ VSHFLDO W\SH RI FXUE H[WHQVLRQ WKDW H[WHQGV LQWR WUDYHO ODQHV LV D 6SHHG 0DQDJHPHQW WHFKQLTXH

%XV 6WRS &XUE ([WHQVLRQ

$OZD\V PDLQWDLQ DGHTXDWH SHGHVWULDQ FURVVLQJ VLJKW OLQHV ZKHQ LPSOHPHQWLQJ EXV VWRS FXUE H[WHQVLRQV 1HDU VLGH LQVWDOODWLRQV RI EXV VWRS FXUE H[WHQVLRQV PD\ EH PRVW DSSURSULDWH WR HQVXUH YLVLELOLW\ RI FURVVLQJ SHGHVWULDQV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7\SLFDO &XUE ([WHQVLRQ

P

P

P 5DGLXV

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

'HVLJQ FXUE H[WHQVLRQ UDGLXV GLPHQVLRQV IRU FRPSDW LELOLW\ ZLWK VQRZ UHPRYDO YHKLFOH WXUQLQJ DELOLW\

5HIHUHQFHV

3HGHVWULDQ &URVVLQJ &RQWURO 0DQXDO 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD 'HVLJQLQJ :DONDEOH 8UEDQ 7KRURXJKIDUHV $ &RQWH[W 6HQVLWLYH $SSURDFK 3XEOLFDWLRQ 1R 53 $ ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV 7UDQVLW 2ULHQWHG 'HYHORSPHQW *XLGHOLQHV &LW\ RI (GPRQWRQ )HEUXDU\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6WUHHWVFDSH $PHQLWLHV 6WUHHW )XUQLWXUH DQG $PHQLWLHV

7KH IXUQLVKLQJ ]RQH LV XVHG WR VWRUH IXQFWLRQDO VWUHHW IXUQLWXUH VXFK DV VLJQDO ER[HV VWUHHW OLJKWV ÀUH K\GUDQWV DQG XWLOLW\ SROHV ZKLOH SURYLGLQJ URDG DQG SHGHVWULDQ VKDGH ZDWHU UHWHQWLRQ ÀOWHULQJ XUEDQ GHVLJQ LPSURYHPHQWV EHDXWLÀFDWLRQ DQG FUHDWLQJ JDWK HULQJ SODFHV ,W FDQ DOVR EH XVHG WR VWRUH SHGHVWULDQ RULHQWHG LWHPV WKDW HQKDQFH WKH ZDONLQJ HQYLURQPHQW VXFK DV SHGHVWULDQ OLJKWLQJ KDQJLQJ EDVNHWV EHQFKHV ZDVWH UHFHSWDFOHV DUW VFXOSWXUHV ELNH UDFNV EDQQHUV DQG ZD\ÀQGLQJ VLJQDJH 3HGHVWULDQ EHQFKHV DQG VHDWLQJ DUHDV FRXOG EH SURYLGHG WKDW DUH VDIH DQG DSSHDOLQJ 7KURXJK WKH XVH RI YHJHWDWLRQ DQG GHFRUDWLYH SDYLQJ WKH SHUFHSWLRQ RI SULYDF\ FDQ EH JLYHQ WR WKH VHDWLQJ DUHD

%HVW DW /RFDWLRQV ,Q 72' $UHDV

:LWK 6WUHHW 2ULHQWHG ODQG XVHV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

3HGHVWULDQ RULHQWHG VWUHHW IXUQLWXUH LQFOXGHV QHZV SDSHU NLRVNV GULQNLQJ IRXQWDLQV WUDVK UHFHSWDFOHV SXEOLF DUW ELNH SDUNLQJ DQG VWUHHW FDIHV %HQFKHV VKRXOG EH DSSUR[LPDWHO\ P WDOO WR DFFRPPRGDWH HOGHUO\ SHGHVWULDQV FRPIRUWDEO\ ,I DORQJVLGH D SDUNLQJ ]RQH SODFH IXUQLWXUH WR PLQL PL]H LQWHUIHUHQFH ZLWK RSHQLQJ GRRUV :KHUH VWUHHW WUHHV FDQQRW EH SURYLGHG GXH WR ODFN RI VSDFH RU FRQÁLFWV ZLWK XWLOLWLHV YHJHWDWLRQ VKRXOG EH SURYLGHG LQ WKH IRUP RI VKUXEV SRWWHG WUHHV DQG UDLVHG SODQWHUV

)URQWDJH =RQH 7 7KURXJK 7KURX =RQH )XUQLVKLQJ =RQH 5RDGZD\

5HIHUHQFHV

'HVLJQLQJ :DONDEOH 8UEDQ 7KRURXJKIDUHV $ &RQWH[W 6HQVLWLYH $SSURDFK 3XEOLFDWLRQ 1R 53 $ ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

3HGHVWULDQ 2ULHQWHG /LJKWLQJ

6XUIDFH 0DWHULDOV

3HGHVWULDQ VFDOH OLJKWLQJ LV FKDUDFWHUL]HG E\ VKRUWHU OLJKW SROHV VWDQGDUGV DERXW P KLJK FORVHU VSDFLQJ RI VWDQGDUGV ORZHU OHYHOV RI LOOXPLQDWLRQ H[FHSW DW FURVVLQJV DQG WKH XVH RI /(' ODPSV WR SURGXFH EHWWHU FRORXU UHQGLWLRQ ORQJ VHUYLFH OLIH DQG KLJK HQHUJ\ HIÀFLHQF\

$OZD\V FRQVLGHU WKH LPSDFWV RI GHFRUDWLYH SDYLQJ RQ WKH PRELOLW\ FKDOOHQJHG DQG YLVXDOO\ LPSDLUHG 6OLSSHU\ PDWHULDOV RU XQHYHQ VXUIDFHV VKRXOG QHYHU EH XVHG LQ WKH SHGHVWULDQ WKURXJK ]RQH RI D VLGHZDON

3HGHVWULDQ VFDOH OLJKWLQJ LPSURYHV YLVLELOLW\ IRU ERWK SHGHVWULDQV DQG PRWRULVWV SDUWLFXODUO\ DW LQWHUVHF WLRQV DQG LQ DUHDV RI KLJK SHGHVWULDQ DFWLYLW\

:KLOH VLGHZDON VXUIDFHV VKRXOG EH VPRRWK DQG IUHH RI GHEULV DQG REVWDFOHV WKH FKRLFH RI VLGHZDON FRQVWUXF WLRQ PDWHULDOV SURYLGHV DQ RSSRUWXQLW\ WR HQKDQFH WKH YLVXDO DHVWKHWLFV DQG H[SHULHQFH IRU SHGHVWULDQV

Up to 45.0 m

%HVW DW /RFDWLRQV

%HVW DW /RFDWLRQV

‡ :LWK 6WUHHW 2ULHQWHG ODQG XVHV

‡ :LWK &RPPHUFLDO RU 0L[HG 8VH 6WUHHW 2ULHQWHG ODQG XVHV

‡ ,Q 72' $UHDV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

‡ ,Q 72' $UHDV

‡ 7\SLFDO SODFHPHQW VSDFLQJ VKRXOG FRQVLGHU WKH FRQWH[W RI WKH DUHD IRU SHGHVWULDQV 7KH /LJKW (IÀFLHQW &RPPXQLW\ 3ROLF\ H[SHFWHG LQ ZLOO VSHFLI\ GLIIHUHQW SHGHVWULDQ OLJKWLQJ UHTXLUHPHQWV IRU WKH GLIIHUHQW FRQWH[W DUHDV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

‡ 6SDFLQJ VKRXOG SURYLGH PLQLPXP LOOXPLQDWLRQ OHYHOV ZKLOH OLPLWLQJ H[FHVV OLJKW SROOXWLRQ

'HFRUDWLYH PDWHULDOV VXFK DV SHUPHDEOH SDYHUV PD\ EH GHVLUHG LQ

‡ /XPLQDULHV ZLWK QR XSOLJKW 8 VKRXOG EH XVHG

‡ 7KH VLGHZDON IXUQLVKLQJ ]RQH

‡ /LJKWLQJ SROHV VKRXOG EH LQVWDOOHG LQ WKH IXUQLWXUH ]RQH RI WKH VLGHZDON FRUULGRU

‡ &XUEVLGH SDUNLQJ ODQH

%RWK VWUHHW DQG SHGHVWULDQ OLJKWLQJ OHYHOV VKRXOG EH FRQVLGHUHG HVSHFLDOO\ LQ DUHDV ZLWK WUHH FDQRS\ ´'DUN 6N\µ OLJKWLQJ VKRXOG EH FRQVLGHUHG WR UHGXFH OLJKW SROOXWLRQ ZLWKLQ UHVLGHQWLDO GLVWULFWV EXW VKRXOG QRW LQWHUIHUH ZLWK VWUHHW DPELDQFH SDUWLFXODUO\ LQ VWUHHW RULHQWHG FRPPHUFLDO DUHDV

5HIHUHQFHV

7UDQVLW 2ULHQWHG 'HYHORSPHQW *XLGHOLQHV &LW\ RI (GPRQWRQ :LOGOLIH 3DVVDJHV (QJLQHHULQJ 'HVLJQ *XLGHOLQHV &LW\ RI (GPRQWRQ -XQH

)RU PRVW VLGHZDONV FRQFUHWH RIIHUV WKH PRVW HIIHFWLYH WUDYHO VHUYLFH 'HFRUDWLYH VFRULQJ SDWWHUQV PD\ EH ODLG LQWR FRQFUHWH DV D VLPSOH ZD\ WR DGG YLVXDO LQWHUHVW WR WKH ZDONZD\

‡ 7R VHSDUDWH D VLGHZDON IURP DQ DGMDFHQW ELNHZD\ VXFK DV D F\FOH WUDFN

5HIHUHQFHV

'HVLJQLQJ :DONDEOH 8UEDQ 7KRURXJKIDUHV $ &RQWH[W 6HQVLWLYH $SSURDFK 3XEOLFDWLRQ 1R 53 $ ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

3HGHVWULDQV DW ,QWHUVHFWLRQV &RUQHU 5DGLL

,Q JHQHUDO WKH VPDOOHU WKH FXUE UDGLXV WKH EHWWHU IRU SHGHVWULDQV ,Q FRPSDULVRQ WR D ODUJH FXUE UDGLXV D WLJKW FXUE UDGLXV SURYLGHV PRUH SHGHVWULDQ DUHD DW WKH FRUQHU DOORZV PRUH ÁH[LELOLW\ LQ WKH SODFHPHQW RI FXUE UDPSV UHVXOWV LQ D VKRUWHU FURVVZDON DQG UHTXLUHV YHKLFOHV WR VORZ PRUH DV WKH\ WXUQ WKH FRUQHU

P

$OO LQWHUVHFWLRQV DUH OHJDO FURVVLQJ SRLQWV UHJDUG OHVV RI ZKHWKHU WKHUH LV VLJQDJH SDYHPHQW PDUN LQJV RU DFWLYH GHYLFHV LQGLFDWLQJ D FURVVZDON XQOHVV WKH FURVVLQJ LV VSHFLÀFDOO\ EDQQHG 0RWRULVWV VKRXOG WKHUHIRUH H[SHFW WR HQFRXQWHU SHGHVWULDQV DW HYHU\ LQWHUVHFWLRQ 3HGHVWULDQ FRQWUROV LQGLFDWH WR PRWRULVWV D KLJKHU WKDQ W\SLFDO OHYHO RI SHGHVWULDQ DFWLYLW\ DQG HQFRXUDJH SHGHVWULDQV WR FURVV DW GHVLJQDWHG ORFDWLRQV 3HGHVWULDQV PXVW VWLOO H[HUFLVH GXH FDXWLRQ DQG FDUH ZKHQ FURVVLQJ DQ\ URDGZD\ $Q REMHFWLYH HYDOXDWLRQ SURFHVV LV XVHG WR GHWHUPLQH WKH DSSURSULDWH OHYHO RI SHGHVWULDQ FRQWURO DW FURVVLQJ SRLQWV LQ DFFRUGDQFH ZLWK FXUUHQW JXLGHOLQHV

ec Eff

Actual

3HGHVWULDQ &URVVLQJV

e tiv

P

%HVW DW /RFDWLRQV ,Q 72' $UHDV

6WUHHWV ZLWK ORZ YROXPHV RI WUXFN WUDIÀF

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

6HYHUDO IDFWRUV JRYHUQ WKH FKRLFH RI FXUE UDGLXV LQ DQ\ JLYHQ ORFDWLRQ 7KHVH LQFOXGH 7UDIÀF WXUQLQJ PRYHPHQWV 7KH WXUQLQJ UDGLXV RI WKH GHVLJQ YHKLFOH 7KH JHRPHWU\ RI WKH LQWHUVHFWLRQ WKH VWUHHW QHWZRUNV 7KH SUHVHQFH RI D SDUNLQJ RU D ELNH ODQH RU ERWK EHWZHHQ WKH WUDYHO ODQH DQG WKH FXUE 7KH SUHVHQFH RI D ODQH IRU SDUNLQJ RU ELF\FOHV FUHDWHV DQ ´HIIHFWLYH UDGLXVµ WKDW DOORZV WKH GHVLJQHU WR FKRRVH D UDGLXV IRU WKH FRUQHU WKDW LV VPDOOHU WKDQ WKH WXUQLQJ UDGLXV UHTXLUHG E\ WKH GHVLJQ YHKLFOH

&RQVLGHUDWLRQV LQFOXGH

3HGHVWULDQ DFWLYLW\ DQG YHKLFOH YROXPHV 5RDGZD\ ZLGWK YHKLFOH VSHHGV 6LJKWOLQH UHVWULFWLRQV 7KH GLVWDQFH WR WKH QHDUHVW DOWHUQDWLYH FURVVLQJ &RQVWUXFWLRQ RI FURVVLQJ ORFDWLRQV VKRXOG EH FRQVLGHUHG DW 0LG EORFN VKDUHG XVH SDWK FRQQHFWLRQV 5LJKW WXUQ FXW RIIV 2WKHU PLG EORFN ORFDWLRQV ZKHUH DSSURSULDWH GHVLUH OLQHV H[LVW

5HIHUHQFHV

'HVLJQLQJ :DONDEOH 8UEDQ 7KRURXJKIDUHV $ &RQWH[W 6HQVLWLYH $SSURDFK ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV

5HIHUHQFHV

'HVLJQLQJ :DONDEOH 8UEDQ 7KRURXJKIDUHV $ &RQWH[W 6HQVLWLYH $SSURDFK ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

3HGHVWULDQ 6LJQDO 7LPLQJ

6LJQDOL]HG FURVVLQJV LQ DUHDV RI KLJK SHGHVWULDQ XVH RU VWUHHW RULHQWDWHG DUHDV VKRXOG FRQ VLGHU SURYLGLQJ D SHGHVWULDQ FURVVLQJ SKDVH GXULQJ HYHU\ VLJQDO F\FOH

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

7R VHUYLFH SHGHVWULDQV DQG SURPRWH XVHU FRPSOLDQFH FRQVLGHU WKH IROORZLQJ VLJQDO WLPLQJ FKDUDFWHULVWLFV ‡ 3URYLGH PRUH IUHTXHQW FURVVLQJ RSSRUWXQLWLHV ‡ /RQJHU ZDON LQWHUYDOV SURYLGH WLPH WR FURVV DQG DFFRPPRGDWH VORZHU ZDONLQJ VSHHGV ‡ 3URYLGH TXLFN UHVSRQVH WR SXVK EXWWRQ DFWXDWLRQ RU IHHGEDFN WR SHGHVWULDQV ‡ ,I LPSOHPHQWLQJ SXVKEXWWRQV LQ DUHDV ZLWK KLJK OHYHOV RI SHGHVWULDQ DFWLYLW\ FRQVLGHU RSHUDWLQJ WKH VLJQDO ZLWK D UHJXODU SHGHVWULDQ SKDVH ZKHQ UHDVRQDEOH ,QWHUVHFWLRQV QHHG WR EH HYDOXDWHG RQ FDVH E\ FDVH EDVLV DQG SURYLVLRQ RI D SHGHVWULDQ SKDVH GXULQJ HDFK F\FOH PD\ RU PD\ QRW EH SUDFWLFDO GHSHQGLQJ RQ RWKHU URDG XVHU SULRULWLHV DQG FRQWH[W RI WKH ORFDWLRQ

5HIHUHQFHV

3HGHVWULDQ &URVVLQJ &RQWURO 0DQXDO 7$& 1&+53 $FFHVVLEOH 3HGHVWULDQ 6LJQDOV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LNH 1HWZRUN 6WUHHWV %LF\FOH )DFLOLW\ 6HOHFWLRQ 0DUNHG 6KDUHG 8VH 5RDGZD\ %LNH %RXOHYDUGV %LNH /DQHV %XIIHUHG %LNH /DQHV &\FOH 7UDFNV 6KDUHG 8VH 3DWKV $GMDFHQW WR 5RDGZD\V %LNHZD\V DW ,QWHUVHFWLRQV %LNHZD\V DW 5LJKW 7XUQ 2QO\ /DQHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LF\FOH )DFLOLW\ 6HOHFWLRQ 'HVFULSWLRQ

6HOHFWLQJ WKH EHVW ELNHZD\ IDFLOLW\ W\SH IRU D JLYHQ URDGZD\ FDQ EH FKDOOHQJLQJ GXH WR WKH UDQJH RI IDFWRUV WKDW LQÁXHQFH ELF\FOH XVHUV· FRPIRUW DQG VDIHW\ 7KHUH LV D VLJQLÀFDQW LPSDFW RQ F\FOLQJ FRPIRUW ZKHQ WKH VSHHG GLIIHUHQWLDO EHWZHHQ ELF\FOLVWV DQG PRWRU YHKLFOH WUDIÀF LV KLJK DQG PRWRU YHKLFOH WUDIÀF YROXPHV DUH KLJK $V D VWDUWLQJ SRLQW WR LGHQWLI\ D SUHIHUUHG IDFLOLW\ WKH WDEOHV EHORZ FDQ EH XVHG WR GHWHUPLQH WKH UHFRPPHQGHG W\SH RI ELNHZD\ WR EH SURYLGHG JLYHQ D URDGZD\ W\SH

8VHU 7\SHV

,W LV LPSRUWDQW WR FRQVLGHU ELF\FOLVWV RI DOO VNLOO OHYHOV ZKHQ FUHDWLQJ D QRQ PRWRUL]HG SODQ RU SURMHFW $Q XQGHUVWDQGLQJ RI ELF\FOLVW VNLOO DQG LQWHUHVW LV LOOXV WUDWHG EHORZ 7KH GHÀQLWLRQV KDYH EHHQ GHYHORSHG DQG VXSSRUWHG E\ GDWD FROOHFWHG QDWLRQDOO\ DQG WKH ÀQGLQJV ZHUH EDVHG RQ VXUYH\ UHVSRQVHV LQ (GPRQWRQ 7KLV FODVVLÀFDWLRQ GHÀQHV IRXU XVHU W\SH FDWHJRULHV WR DGGUHVV YDU\LQJ DWWLWXGHV WRZDUGV ELF\FOLQJ LQ 1RUWK $PHULFD 6WURQJ )HDUOHVV :LOO ULGH D ELF\FOH UHJDUGOHVV RI URDGZD\ FRQGLWLRQV DQG WKH ELF\FOH IDFLOLWLHV SUR YLGHG 5LGLQJ D ELNH LV D VWURQJ SDUW RI WKHLU LGHQWLW\ (QWKXVHG &RQÀGHQW $UH FRPIRUWDEOH VKDULQJ WKH URDGZD\ ZLWK YHKLFOHV EXW SUHIHU WR GR VR RQ WKHLU RZQ IDFLOLWLHV DQG KDYH EHHQ DWWUDFWHG WR F\FOLQJ E\ LPSURYHPHQWV WR WKH ELF\FOH LQIUDVWUXFWXUH ,QWHUHVWHG %XW &RQFHUQHG $UH FXULRXV DERXW F\FOLQJ OLNH WR ULGH D ELF\FOH IRU UHFUHDWLRQ RU IRU RWKHU UHDVRQV DQG PD\ KDYH IRQG PHPRULHV RI F\FOLQJ DV D FKLOG EXW DUH DIUDLG WR ULGH DQG WKHUHIRUH GR QRW ULGH UHJXODUO\ 7KH\ DUH DIUDLG WR ULGH ZLWK YHKLFOHV WKDW DUH RSHUDWLQJ DW KLJK VSHHGV EXW ZRXOG ULGH LI WKH\ IHOW VDIHU RQ WKH URDGZD\V 1R :D\ 1R +RZ $UH QRW JRLQJ WR ULGH D ELF\FOH IRU UHDVRQV RI WRSRJUDSK\ LQDELOLW\ RU VLPSO\ D ODFN RI LQWHUHVW (GPRQWRQ·V JRDO LV WR GHVLJQ ELF\FOH IDFLOLWLHV WR WDUJHW WKH XVHU JURXS ´LQWHUHVWHG EXW FRQFHUQHGµ DV ZHOO DV IDPLOLHV WR VHUYH WKH ODUJHVW SURSRUWLRQ RI (GPRQWRQ·V ELF\FOLVWV DQG WR DWWUDFW PRUH XVHUV WR WKH IDFLOLW\

2WKHU )DFWRUV

2WKHU IDFWRUV EH\RQG URDGZD\ W\SH DIIHFW IDFLO LW\ VHOHFWLRQ LQFOXGLQJ WUDIÀF PL[ RI DXWRPRELOHV DQG KHDY\ YHKLFOHV URDGZD\ JUDGH WKH SUHVHQFH RI RQ VWUHHW SDUNLQJ LQWHUVHFWLRQ GHQVLW\ VXUURXQGLQJ ODQG XVH DQG URDGZD\ ULJKW RI ZD\ DQG URDGZD\ VLJKW GLVWDQFH 7KHVH IDFWRUV DUH QRW LQFOXGHG LQ WKH WDEOHV EHORZ EXW VKRXOG DOZD\V EH D FRQVLGHUDWLRQ LQ WKH IDFLOLW\ VHOHF WLRQ DQG GHVLJQ SURFHVV 1RQ %LNH 1HWZRUN )DFLOLW\ 6HOHFWLRQ *XLGDQFH

6WUHHW 7\SH

3RWHQWLDO %LF\FOH )DFLOLW\

/RFDO

1RW 5HTXLUHG

&ROOHFWRU

1R )DFLOLW\ 6KDUHG /DQH 0DUNLQJV %LNH /DQHV %XIIHUHG %LNH /DQHV :LGH &XUE /DQH 6KDUHG 8VH 3DWK ZLWK :LGH &XUE /DQH

$UWHULDO

%LNH 1HWZRUN )DFLOLW\ 6HOHFWLRQ *XLGDQFH

6WUHHW 7\SH

3RWHQWLDO %LF\FOH )DFLOLW\

/RFDO

%LF\FOH %RXOHYDUG 6KDUHG /DQH 0DUNLQJV %LNH /DQHV 6KDUHG /DQH 0DUNLQJV %LNH /DQHV %XIIHUHG %LNH /DQHV %LNH ODQHV %XIIHUHG %LNH /DQHV &\FOH 7UDFNV 6KDUHG 8VH 3DWK ZLWK D :LGH &XUE /DQH

&ROOHFWRU $UWHULDO

&ODVVLÀFDWLRQ RI (GPRQWRQ·V %LF\FOLVWV

6WURQJ DQG )HDUOHVV (QWKXVHG DQG &RQILGHQW

,QWHUHVWHG EXW &RQFHUQHG

1R :D\ 1R +RZ


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

0DUNHG 6KDUHG 8VH 5RDGZD\ 'HVFULSWLRQ

0DUNHG VKDUHG XVH URDGZD\V DUH JHQHUDO SXUSRVH WUDYHO ODQHV PDUNHG ZLWK VKDUHG XVH ODQH PDUNLQJV NQRZQ DV VKDUURZV 7KH\ HQFRXUDJH ELF\FOH WUDYHO DQG SURSHU SRVLWLRQLQJ ZLWKLQ WKH ODQH DQG LQFUHDVH WKH DZDUHQHVV RI PRWRULVWV WR H[SHFW ELF\FOHV DORQJ WKH URDG 7KLV FRQÀJXUDWLRQ LV GLIIHUHQW IURP D %LF\FOH %RXOHYDUG GXH WR D ODFN RI WUDIÀF FDOPLQJ DQG RWKHU HQKDQFHPHQWV GHVLJQHG WR SURYLGH D KLJKHU OHYHO RI FRPIRUW IRU D EURDG VSHFWUXP RI XVHUV

%HVW RQ 5RDGZD\V ZLWK

‡ YHKLFOHV GD\ +LJKHU YROXPHV PD\ EH DFFHSW DEOH IRU VLGH E\ VLGH RSHUDWLRQ

‡ NP K VSHHG OLPLW NP K PD[LPXP IRU LQ OLQH XVH NP K PD[LPXP IRU VLGH E\ VLGH

2WKHU &RQVLGHUDWLRQV

0RVW DSSURSULDWH ZKHQ URDGZD\V DUH VWUDLJKW ZLWK IHZ EHQGV LQFOLQHV RU VLJKWOLQH REVWUXFWLRQV ,Q OLQH RSHUDWLRQ GHVLJQ HQFRXUDJHV ELF\FOLVWV WR RFFXS\ WKH HQWLUH WUDYHO ODQH ,I WKLV LV QRW GHVLUHG H[SORUH ZD\V WR SURYLGH IRU VLGH E\ VLGH RSHUDWLRQ ,Q DOO FRQGLWLRQV VKDUURZV VKRXOG EH SODFHG RXWVLGH RI WKH GRRU ]RQH RI SDUNHG FDUV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

3ODFH ZLWKLQ P DIWHU DQ LQWHUVHFWLRQ DQG VSDFH ORQ JLWXGLQDOO\ DW LQWHUYDOV RI P DORQJ ORQJ EORFNV RQ FXUYLOLQHDU VWUHHWV

7$& VSHFLÀHV D NP K PD[LPXP VSHHG OLPLW IRU URDGZD\V ZLWK LQ OLQH VKDUURZ DSSOLFDWLRQ DQG D NP K PD[LPXP VSHHG OLPLW IRU VLGH E\ VLGH RSHUDWLRQ 7$& VSHFLÀHV PRUH IUHTXHQW P VSDFLQJ DQG SODFHPHQW P EHIRUH WKH HQG RI WKH EORFN 7KLV PD\ EH PRUH DSSURSULDWH RQ FROOHFWRU DQG DUWHULDO VWUHHWV

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ ‡ 6WUHHWV RQ WKH FRQQHFWRU %LNH 1HWZRUN

‡ 7KLV IDFLOLW\ LV PRVW OLNHO\ WR EH LQVWDOOHG RQ /RFDO VWUHHWV 2Q URDGZD\V ZLWK VWHHS JUDGHV ! FRQVLGHU SDLULQJ VKDUURZV ZLWK D P %LNH /DQH LQ WKH XSKLOO GLUHFWLRQ WR SURYLGH GHGLFDWHG VSDFH IRU PDQRHXYHULQJ %LNHZD\ IDFLOLW\ VHOHFWLRQ VKRXOG EH EDVHG RQ DQ DQDO\VLV RI URDGZD\ YROXPHV DQG VSHHG DQG RWKHU ORFDO FKDUDFWHULVWLFV

'HVLJQ 'HWDLOV IRU 6LGH E\ 6LGH 2SHUDWLRQV

6LGH E\ VLGH RSHUDWLRQ LV RQO\ HQFRXUDJHG RQ ZLGH RXWVLGH ODQHV P RU JUHDWHU ZLWK D PLQLPXP RI P RQ +LJK 7UXFN 9ROXPH VWUHHWV RU 7UDQVLW 1HWZRUN VWUHHWV ‡ $GMDFHQW WR RQ VWUHHW SDUNLQJ PLQLPXP GLVWDQFH LV P IURP IDFH RI FXUE WR WKH FHQWUH RI WKH PDUNLQJ ‡ $GMDFHQW WR D FXUE ZLWK QR RQ VWUHHW SDUNLQJ PLQLPXP GLVWDQFH LV IURP IDFH RI FXUE WR WKH FHQWUH RI WKH PDUNLQJ

'HVLJQ 'HWDLOV IRU ,Q /LQH 2SHUDWLRQ

2Q PRVW VWUHHWV ZLWKRXW ELF\FOH ODQHV WKHUH LV QRW HQRXJK URRP IRU ELF\FOLVWV DQG PRWRU YHKLFOHV WR VDIHO\ RSHUDWH VLGH E\ VLGH OHVV WKDQ P ZLGH ‡ 3ODFH VKDUURZ LQ WKH FHQWUH RI WKH WUDYHO ODQH ‡ 2Q &ROOHFWRU DQG $UWHULDO VWUHHWV LQ OLQH VKDUURZV DUH JHQHUDOO\ QRW DSSURSULDWH IRU ORQJ GLVWDQFHV

$OO GLPHQVLRQV IRU RXWVLGH WUDYHO ODQHV DUH PHDVXUHG IURP WKH OLS RI JXWWHU DQG H[FOXGH WKH JXWWHU DGMDFHQW WR WKH FXUE W\SLFDOO\ P


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6KDUHG 8VH /DQH 0DUNLQJV IRU ,Q /LQH WUDYHO RQ 5HJXODU /DQHV

6WDQGDUG ZLGWK ODQHV P

3 &HQWUH RI ODQH

6KDUHG 8VH /DQH 0DUNLQJV IRU 6LGH E\ 6LGH WUDYHO RQ :LGH /DQHV

:LGH RXWVLGH ODQHV P

P

P PLQ

ZLWK SDUNLQJ

3

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

$OO W\SHV RI VWUHHWV PD\ EH VXEMHFW WR VQRZ FOHDULQJ RSHUDWLRQV WKURXJKRXW WKH ZLQWHU PRQWKV PLG 2FWREHU WR PLG $SULO &LW\ RI (GPRQWRQ SUDFWLFHV IRU VQRZ UHPRYDO RQ ELNH IDFLOLWLHV DUH FXUUHQWO\ EHLQJ UHYLHZHG

5HIHUHQFHV

%LNHZD\ 7UDIÀF &RQWURO *XLGHOLQHV IRU &DQDGD QG (G 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD )HEUXDU\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LNH %RXOHYDUGV 'HVFULSWLRQ

%LF\FOH ERXOHYDUGV DUH ORZ YROXPH ORZ VSHHG VWUHHWV PRGLÀHG WR HQKDQFH FRQGLWLRQV E\ XVLQJ WUHDWPHQWV VXFK DV VLJQDJH SDYHPHQW PDUNLQJV WUDIÀF FDOPLQJ DQG RU WUDIÀF UHGXFWLRQ DQG LQWHU VHFWLRQ PRGLÀFDWLRQV 7KHVH WUHDWPHQWV DOORZ WKURXJK PRYHPHQWV RI ELF\FOLVWV ZKLOH GLVFRXUDJLQJ VLPLODU WKURXJK WULSV E\ QRQ ORFDO PRWRUL]HG WUDIÀF

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

5RXWHV FODVVLÀHG DV ELNH ERXOHYDUGV RQ WKH %LNH 1HWZRUN %LNH %RXOHYDUGV DUH PRVW FRPPRQ RQ 6WUHHW 2ULHQWHG 5HVLGHQWLDO /RFDO DQG 6WUHHW 2ULHQWHG &RPPHUFLDO /RFDO VWUHHWV DOWKRXJK WKH\ PD\ SRWHQWLDOO\ EH LPSOHPHQWHG RQ DQ\ /RFDO VWUHHW UHJDUGOHVV RI ODQG XVH DQG IRUP ,I VSHHGV DQG YROXPHV PHHW WKH UHTXLUHPHQWV KHUH %LNH %RXOHYDUGV PD\ DOVR EH DSSOLHG RQ &ROOHFWRU VWUHHWV

%HVW RQ 5RDGZD\V ZLWK

YHKLFOHV GD\ YHKLFOHV GD\ PD[ NP K VSHHG OLPLW NP K PD[

%LF\FOH %RXOHYDUG 5RXWH 3ODFHPHQW

8VH RI VWUHHWV ZKHUH D UHODWLYHO\ FRQWLQXRXV URXWH IRU ELF\FOLVWV H[LVWV DQG RU ZKHUH WUHDWPHQWV FDQ SURYLGH ZD\ÀQGLQJ DQG LPSURYH FURVVLQJ RSSRUWXQLWLHV DW RIIVHW LQWHUVHFWLRQV %LF\FOH ERXOHYDUGV SDUDOOHO WR FRPPHUFLDO VWUHHWV LPSURYH DFFHVV IRU ´LQWHUHVWHG EXW FRQFHUQHGµ ELF\ FOLVWV DQG VKRXOG EH XVHG WR FRPSOHPHQW VHSDUDWHG ELNHZD\V RQ PDMRU VWUHHWV

'HVLJQ 5HTXLUHPHQWV 5RXWH 6LJQLQJ 0DUNLQJ

:D\ÀQGLQJ VLJQV DQG ELNH ERXOHYDUG SDYHPHQW PDUN LQJV DUH WKH PLQLPXP WUHDWPHQWV QHFHVVDU\ WR GHVLJ QDWH D VWUHHW DV D ELF\FOH ERXOHYDUG DVVXPLQJ LW PHHWV DXWRPRELOH YROXPH DQG VSHHG JXLGHOLQHV 7RJHWKHU VLJQLQJ DQG PDUNLQJV YLVLEO\ GHVLJQDWH D URDGZD\ WR ERWK ELF\FOLVWV DQG PRWRULVWV :D\ÀQGLQJ VLJQV PD\ EH VWDQGDUG QHWZRUN VLJQV RU PD\ EH VSHFLDOO\ EUDQGHG IRU WKH ELF\FOH ERXOHYDUG QHWZRUN 3DYHPHQW PDUNLQJV PD\ EH 6KDUURZV RU D XQLTXH ELF\FOH ERXOHYDUG VSHFLÀF PDUNLQJ

5RXWH VHOHFWLRQ VKRXOG HPSKDVL]H FRQQHFWLQJ ULGHUV ZLWK GHVWLQDWLRQV DQG HIÀ FLHQW GLUHFW WUDYHO 0RWRU YHKLFOH YROXPHV DQG VSHHGV VKRXOG EH PDQDJHG WKURXJK VSHHG DQG YROXPH PDQDJHPHQW WHFKQLTXHV 1$&72 8UEDQ %LNHZD\ 'HVLJQ *XLGH

6SHHG 0DQDJHPHQW

0DLQWDLQLQJ PRWRU YHKLFOH VSHHGV FORVHU WR WKRVH RI ELF\FOLVWV· JUHDWO\ LPSURYHV ELF\FOLVWV· FRPIRUW RQ D VWUHHW 6ORZHU YHKLFXODU VSHHGV DOVR LPSURYH PRWRULVWV· DELOLW\ WR VHH DQG UHDFW WR ELF\FOLVWV DQG PLQLPL]H FRQÁLFWV DW GULYHZD\V DQG RWKHU WXUQLQJ ORFDWLRQV $SSURSULDWH DSSOLFDWLRQ RI VSHHG PDQDJH PHQW WHFKQLTXHV LV QHFHVVDU\ WR FUHDWH ELF\FOH IULHQGO\ FRQGLWLRQV

9ROXPH 0DQDJHPHQW

+LJKHU YHKLFOH YROXPHV UHGXFH ELF\FOLVWV· FRPIRUW DQG FDQ UHVXOW LQ PRUH IUHTXHQW FRQÁLFWV ,PSOHPHQW YROXPH FRQWURO WUHDWPHQWV EDVHG RQ WKH FRQWH[W RI WKH ELF\FOH ERXOHYDUG XVLQJ HQJLQHHULQJ MXGJPHQW 9ROXPH PDQDJHPHQW WHFKQLTXHV VKRXOG EH XVHG WR FUHDWH ELF\FOH IULHQGO\ DXWRPRELOH YROXPHV E\ OLPLWLQJ DXWRPRELOH WKURXJK DFFHVV ZKLOH SUHVHUYLQJ IXOO ELF\FOH DFFHVV

&URVVLQJ ,PSURYHPHQWV

%LF\FOH ERXOHYDUG UHWURÀWV WR ORFDO VWUHHWV DUH W\SLFDOO\ ORFDWHG RQ VWUHHWV ZLWKRXW H[LVWLQJ VLJQDOL]HG DFFRP PRGDWLRQ DW FURVVLQJV RI FROOHFWRU DQG DUWHULDO URDG ZD\V %LF\FOH DFWLYDWHG OLJKWV SHGHVWULDQ DQG ELF\FOH ZDUQLQJ EHDFRQV DQG SK\VLFDO LPSURYHPHQWV VKRXOG EH LPSOHPHQWHG WR LQFUHDVH ELF\FOLVW VDIHW\ DQG FRPIRUW ZKHQ FURVVLQJ PDMRU VWUHHWV 6LJQDOV VKRXOG DXWRPDWL FDOO\ GHWHFW RU EH HDVLO\ DFWXDWHG E\ ELF\FOLVWV ZLWKRXW UHTXLULQJ SHRSOH WR GLVPRXQW WKHLU ELF\FOHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LNH %RXOHYDUG 5RXWLQJ

9ROXPH PDQDJH PHQW SULRULWL]HV ELF\FOH DFFHVV

%LF\FOLVW DFWXDWHG VLJQDOV DOORZ VDIH FURVVLQJV

%LF\FOH %RXOHYDUG

5RXWH RIIHUV SDUDOOHO DOWHUQDWLYH WR DUWHULDO VWUHHWV

$UWHULDO

%LF\FOH %RXOHYDUG

7XUQLQJ VWRSV VLJQV IDYRXUV WKURXJK PRYHPHQW

,QWHUVHFWLRQ WUHDW PHQWV RIIHU ELF\FOLVW FRPIRUW

6SHHG PDQDJHPHQW VORZV WUDIÀF

$UWHULDO

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

&LW\ RI (GPRQWRQ SUDFWLFHV IRU VQRZ UHPRYDO RQ ELNH IDFLOLWLHV DUH FXUUHQWO\ EHLQJ UHYLHZHG

5HIHUHQFHV

%LNHZD\ 7UDIÀF &RQWURO *XLGHOLQHV IRU &DQDGD QG (G 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD )HEUXDU\ 8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU %LF\FOH %RXOHYDUG 3ODQQLQJ DQG 'HVLJQ +DQGERRN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LNH /DQHV 'HVFULSWLRQ

%LNH /DQHV GHVLJQDWH DQ H[FOXVLYH VSDFH IRU ELF\ FOLVWV WKURXJK WKH XVH RI SDYHPHQW PDUNLQJV DQG VLJQDJH 7KH ELNH ODQH LV W\SLFDOO\ ORFDWHG RQ WKH ULJKW VLGH RI WKH VWUHHW EHWZHHQ WKH DGMDFHQW WUDYHO ODQH DQG FXUE RU SDUNLQJ DQG LV XVHG LQ WKH VDPH GLUHFWLRQ DV PRWRU YHKLFOH WUDIÀF

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ &LW\ ZLGH ELNH URXWHV RQ WKH %LNH 1HWZRUN

&RQQHFWRU ELNH URXWHV RQ WKH %LNH 1HWZRUN %LNH /DQHV FDQ EH XVHG RQ $UWHULDOV DQG &ROOHFWRUV RI DQ\ ODQG XVH RU EXLOGLQJ RULHQWDWLRQ W\SH %LNHZD\ IDFLOLW\ VHOHFWLRQ VKRXOG EH EDVHG RQ DQ DQDO\VLV RI URDGZD\ YROXPHV DQG VSHHG DQG RWKHU ORFDO FKDUDFWHULVWLFV

%HVW RQ 5RDGZD\V ZLWK

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

! YHKLFOHV GD\

%LNH ODQH GLPHQVLRQV DUH PHDVXUHG IURP WKH FHQWHU RI WKH ELNH ODQH OLQH WR WKH IDFH RI FXUE RU SDUNLQJ ODQH

! NP K VSHHG OLPLW

6WDQGDUG ZLGWK P

)UHTXHQWO\ FRQJHVWHG URDGZD\V

&RQVWUDLQHG ZLGWK P

2WKHU &RQVLGHUDWLRQV

&DUH VKRXOG EH WDNHQ WR DYRLG SDUNHG YHKLFOHV· GRRU ]RQH FRQÁLFWV &RQVLGHU WKH XVH RI D EXIIHUHG ELNH ODQH 6WDQGDUG GLPHQVLRQV VKRXOG EH XVHG XQOHVV WKH RWKHU VWUHHW HOHPHQWV KDYH EHHQ UHGXFHG WR WKHLU FRQ VWUDLQHG GLPHQVLRQV %LNH ODQHV VKRXOG EH PDUNHG ZLWK SDYHPHQW PDUN LQJV DQG VLJQV %LNH ODQHV PD\ EH SDLQWHG JUHHQ ZKHUH QHHGHG WR HQKDQFH WKH YLVLELOLW\ RI WKH ELNH ODQH RU WR LGHQWLI\ SRWHQWLDO SRLQWV RI FRQÁLFW 8WLOLW\ FRYHUV DQG SDYHPHQW MRLQWV DUH LGHDOO\ ÁXVK ZLWK JURXQG OHYHO DQG RULHQWHG WR DYRLG FRQÁLFWV ZLWK ELNH WLUHV ,PSDFW RI 7UXFN 9ROXPHV RQ %LNH /DQH 'LPHQVLRQV

7UXFN 9ROXPH RI WRWDO 6WDQGDUG %LNH /DQH YHKLFOHV GD\

:LGWK PHWUHV

!

/RQGRQ &\FOLQJ 'HVLJQ 6WDQGDUGV 7UDQVSRUW IRU /RQGRQ

%LNH ODQHV RI ² P ZLGWK VKRXOG EH FRQÀJXUHG DV %XIIHUHG %LNH /DQHV ,Q FRQVWUDLQHG FRQGLWLRQV ZLWK ORZ PRGHUDWH WUDIÀF YROXPHV D 0DUNHG 6KDUHG 5RDGZD\ PD\ EH DQ DFFHSWDEOH DOWHUQDWLYH WR WKLV WUHDWPHQW IRU VKRUW GLVWDQFHV :LGHU WKDQ WKH VWDQGDUG ZLGWK ELNH ODQHV DUH GHVLU DEOH LQ DUHDV ZLWK KLJK SDUNLQJ WXUQRYHU XSKLOO WUDYHO RU DUHDV RI KLJK ELF\FOLVW YROXPHV ZKHUH SDVVLQJ PD\ EH FRPPRQ ,W LV QRW LGHDO WR KDYH PDQKROHV LQ ELNH ODQHV EXW WKLV PD\ KDSSHQ LQ UHWURÀW VLWXDWLRQV RQ RFFDVLRQ

&RQWUD )ORZ %LNH /DQHV

&RQWUD ÁRZ ELF\FOH ODQHV DUH ELF\FOH ODQHV GHVLJQHG WR DOORZ ELF\FOLVWV WR ULGH LQ WKH RSSRVLWH GLUHFWLRQ RI PRWRU YHKLFOH WUDIÀF 6WDQGDUG ZLGWK P &RQVLGHU FRQÀJXUDWLRQ DV D %XIIHUHG %LNH /DQH IRU IXUWKHU VHSDUDWLRQ IURP RSSRVLWH GLUHFWLRQ WUDIÀF

'HVLJQHUV VKRXOG FRQVLGHU WKH LPSDFW RI WKH OLS RI JXWWHU RQ WKH VXUIDFH RI WKH ELNH ODQH $OO GLPHQVLRQV DUH VKDOO LQFOXGH D PLQLPDO ULGDEOH VXUIDFH RI P EH\RQG JXWWHU ORQJLWXGLQDO MRLQWV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LNH /DQH $GMDFHQW WR 3DUNLQJ

P SUHIHUUHG

P

%LNH /DQH $GMDFHQW WR &XUE

1.5 - 2.1 m

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

&LW\ RI (GPRQWRQ SUDFWLFHV IRU VQRZ UHPRYDO RQ ELNH IDFLOLWLHV DUH FXUUHQWO\ EHLQJ UHYLHZHG

5HIHUHQFHV

%LNHZD\ 7UDIÀF &RQWURO *XLGHOLQHV IRU &DQDGD QG (G 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD )HEUXDU\ 8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%XIIHUHG %LNH /DQHV 'HVFULSWLRQ

%XIIHUHG ELNH ODQHV DUH DQ HQKDQFHPHQW WR %LNH /DQHV DGGLQJ D GHVLJQDWHG EXIIHU VSDFH WR VHSDUDWH WKH ELF\FOH ODQH IURP WKH DGMDFHQW PRWRU YHKLFOH WUDYHO ODQH DQG RU SDUNLQJ ODQH %XIIHUHG ELNH ODQHV LQFUHDVH WKH GLVWDQFH EHWZHHQ ELF\FOLVWV DQG PRWRU YHKLFOHV SURYLGLQJ DGGLWLRQDO FRPIRUW IRU ELF\FOLVWV ZLWKRXW PDNLQJ WKH ELNH ODQH DSSHDU VR ZLGH WKDW LW PLJKW EH PLVWDNHQ IRU D PRWRU YHKLFOH WUDYHO ODQH RU SDUNLQJ ODQH

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ &LW\ ZLGH ELNH URXWHV RQ WKH %LNH 1HWZRUN

&RQQHFWRU ELNH URXWHV RQ WKH %LNH 1HWZRUN 7KLV IDFLOLW\ W\SH LV PRVW OLNHO\ WR EH LQVWDOOHG RQ &ROOHFWRU RU $UWHULDO VWUHHWV ZLWK KLJK PRWRU YHKLFOH YROXPHV DQG VSHHGV %LNHZD\ IDFLOLW\ VHOHFWLRQ VKRXOG EH EDVHG RQ DQ DQDO\VLV RI URDGZD\ YROXPHV DQG VSHHG DQG RWKHU ORFDO FKDUDFWHULVWLFV

%HVW RQ 5RDGZD\V ZLWK

,I PHWUHV RU ZLGHU PDUN WKH EXIIHU LQWHULRU ZLWK GLDJRQDO RU FKHYURQ KDWFKLQJ

! NP K VSHHG OLPLW

,I LQWHULRU PDUNLQJV DUH XVHG KLJK IUHTXHQF\ RI VWULS LQJ PD\ LQFUHDVH PRWRULVW FRPSOLDQFH

! $'7

+LJK 7UXFN 9ROXPH VWUHHWV 7UDQVLW YROXPHV DUH KLJK ([WUD DYDLODEOH URDGZD\ ZLGWK

&RQVLGHU D SDUNLQJ VLGH EXIIHU ZKHUH 2Q VWUHHW SDUNLQJ WXUQ RYHU LV KLJK %LF\FOH YROXPHV DUH KLJK :KHUH ELF\FOLVWV DUH H[SHFWHG WR SDVV ([WUD URDGZD\ ZLGWK LV DYDLODEOH

'HVLJQ 9DULDWLRQV

%XIIHUHG ELNH ODQHV PD\ EH SDLQWHG JUHHQ WR HQKDQFH WKH YLVLELOLW\ RI WKH ELNH ODQH RU WR LGHQWLI\ SRWHQWLDO SRLQWV RI FRQÁLFW :KHUH SK\VLFDO VHSDUDWLRQ IURP PRWRU YHKLFOHV LV GHVLUHG FRQVLGHU D &\FOH 7UDFN

2WKHU &RQVLGHUDWLRQV

6SHFLDO FRQVLGHUDWLRQ VKRXOG EH JLYHQ DW WUDQVLW VWRSV WR PDQDJH ELF\FOH DQG SHGHVWULDQ LQWHUDFWLRQV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

6WDQGDUG ZLGWK RI ELF\FOH WUDYHO DUHD LV P 0LQLPXP ZLGWK RI EXIIHU DUHD LV P PD[LPXP ZLGWK RI EXIIHU DUHD LV P

/RQGRQ &\FOLQJ 'HVLJQ 6WDQGDUGV 7UDQVSRUW IRU /RQGRQ

,W LV QRW LGHDO WR KDYH PDQKROHV LQ ELNH ODQHV EXW WKLV PD\ KDSSHQ LQ UHWURÀW VLWXDWLRQV RQ RFFDVLRQ

,QWHUVHFWLRQV DQG 'ULYHZD\V

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


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7UDYHO 6LGH DQG 3DUNLQJ 6LGH %XIIHUV

P

P

P

7UDYHO 6LGH %XIIHU

P

P

6WDQGDUG ZLGWK RI D ELNH ODQH DQG DVVRFLDWHG EXIIHUV LV P

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

&LW\ RI (GPRQWRQ SUDFWLFHV IRU VQRZ UHPRYDO RQ ELNH IDFLOLWLHV DUH FXUUHQWO\ EHLQJ UHYLHZHG

5HIHUHQFHV

%LNHZD\ 7UDIÀF &RQWURO *XLGHOLQHV IRU &DQDGD QG (G 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD )HEUXDU\ 8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

&\FOH 7UDFNV 'HVFULSWLRQ

$ F\FOH WUDFN LV DQ H[FOXVLYH ELNH IDFLOLW\ WKDW FRP ELQHV WKH XVHU H[SHULHQFH RI D VHSDUDWHG SDWK ZLWK WKH RQ VWUHHW LQIUDVWUXFWXUH RI D ELNH ODQH $ F\FOH WUDFN LV SK\VLFDOO\ SURWHFWHG IURP PRWRU YHKLFOH WUDIÀF DQG GLVWLQFW IURP WKH VLGHZDON 3URWHFWLRQ PHWKRGV LQFOXGH RQ VWUHHW SDUNLQJ UDLVHG PHGLDQ FXUEV RU D UDLVHG ELNHZD\ VXUIDFH %\ VHSDUDWLQJ ELF\FOLVWV IURP PRWRU YHKLFOH WUDIÀF DQG SHGHVWULDQV F\FOH WUDFNV FDQ RIIHU D KLJKHU OHYHO RI FRPIRUW WKDQ %LNH /DQHV RU 6KDUHG 8VH 3DWKV DQG DUH DWWUDFWLYH WR D ZLGH UDQJH RI WKH SXEOLF

%HVW RQ 5RDGZD\V ZLWK ! YHKLFOHV GD\

! NP K VSHHG OLPLW )UHTXHQWO\ FRQJHVWHG URDGZD\V +LJK 7UXFN 9ROXPH VWUHHWV +LJK 7UDQVLW YROXPHV ([WUD DYDLODEOH URDGZD\ ZLGWK %HVW RQ WKH OHIW VLGH RI D RQH ZD\ URDG

'ULYHZD\ DQG ,QWHUVHFWLRQ &URVVLQJV

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ &LW\ ZLGH ELNH URXWHV RQ WKH %LNH 1HWZRUN

7KLV IDFLOLW\ W\SH LV PRVW OLNHO\ WR EH LQVWDOOHG RQ $UWHULDO VWUHHWV ZLWK KLJK PRWRU YHKLFOH YROXPHV DQG VSHHGV 2Q 7UDQVLW 1HWZRUN VWUHHWV FRQVLGHU LQWHJUDWLRQ ZLWK EXV VWRSV 6HH 7UDQVLW ,QWHJUDWLRQ ZLWK &\FOH 7UDFNV %LNHZD\ IDFLOLW\ VHOHFWLRQ VKRXOG EH EDVHG RQ DQ DQDO\VLV RI URDGZD\ YROXPHV DQG VSHHG DQG RWKHU ORFDO FKDUDFWHULVWLFV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

&\FOH WUDFNV JHQHUDOO\ UHTXLUH ZLGHU GLPHQVLRQV WKDQ %LNH /DQHV WR SURYLGH D KLJKHU OHYHO RI FRPIRUW DQG VHSDUDWLRQ WR SHUPLW ELF\FOLVWV WR SDVV RQH DQRWKHU &RQVLGHU WKH SODFHPHQW RI XWLOLWLHV ZKHQ GHVLJQLQJ ELNH IDFLOLWLHV ZLWK SK\VLFDO VHSDUDWLRQ DQG WKH DFFHVV WR ÀUH K\GUDQWV

2QH :D\ &\FOH WUDFN WKURXJK ]RQH 6WDQGDUG ZLGWK P

&\FOH WUDFN EXIIHU ]RQH

6WDQGDUG DGMDFHQW WR SDUNLQJ P

&URVVLQJV RI GULYHZD\V DQG LQWHUVHFWLRQV DUH D FKDO OHQJH IRU F\FOH WUDFN GHVLJQ 6WUDWHJLHV WR PLWLJDWH SRWHQWLDO FURVVLQJ FRQÁLFWV LQFOXGH

6WDQGDUG DGMDFHQW WR WUDYHO ODQH P P SUH IHUUHG IRU VQRZ VWRUDJH

5HGXFH WKH GHQVLW\ RI GULYHZD\V DQG VLPSOLI\ PRYH PHQWV WKURXJK DFFHVV PDQDJHPHQW 3URKLELW SDUNLQJ P LQ DGYDQFH RI WKH FURVVLQJ

$SSOLFDWLRQ EHVW RQ RQH ZD\ VWUHHWV 7KLV LV VLPLODU WR D 6KDUHG 8VH 3DWK $GMDFHQW WR 5RDGZD\V 6HH WKH 1$&72 8UEDQ %LNHZD\ 'HVLJQ *XLGH IRU GHWDLOV

6LGHZDON IXUQLVKLQJV VKRXOG DFFRPPRGDWH D VLJKW WULDQJOH RI ² P IURP D FURVVLQJ

7ZR ZD\ F\FOH WUDFNV IXQFWLRQ EHVW RQ WKH OHIW VLGH RI RQH ZD\ VWUHHWV

&RORUHG SDYHPHQW DQG \LHOG VLJQV VKRXOG EH XVHG WR LGHQWLI\ WKH FRQÁLFW DUHDV

5DLVHG 0HGLDQ &XUE 3URWHFWLRQ

/RQGRQ &\FOLQJ 'HVLJQ 6WDQGDUGV 7UDQVSRUW IRU /RQGRQ

7ZR :D\ &\FOH 7UDFN

&RQVLGHU ELF\FOH FRPSDWLEOH FXUE SURÀOHV WR PLQLPL]H FRQÁLFW ZLWK SHGDOV DQG PD[LPL]H ULGDEOH VXUIDFH

&RQVWUDLQHG ZLGWK IRU VKRUW GLVWDQFHV LV P


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

2Q 6WUHHW &\FOH 7UDFN :LWK 3DUNLQJ

P P

2Q 6WUHHW &\FOH 7UDFN :LWKRXW 3DUNLQJ

P P

5DLVHG &\FOH 7UDFN

$GMDFHQW WR WUDYHO ODQHV D UDLVHG F\FOH WUDFN PD\ XVH D P PRXQWDEOH FXUE

P

P

5DLVHG WR LQWHUPHGLDWH RU VLGHZDON OHYHO

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

&LW\ RI (GPRQWRQ SUDFWLFHV IRU VQRZ UHPRYDO RQ ELNH IDFLOLWLHV DUH FXUUHQWO\ EHLQJ UHYLHZHG 2Q F\FOH WUDFNV WKH H[SHFWDWLRQ LV WKDW VQRZ ZLQGURZV ZLOO EH FOHDUHG DZD\ DQG QRW UHPDLQ RQ WKH F\FOH WUDFN :LQWHU&LW\ 6WUDWHJ\ ([HFXWLYH 5HVHDUFK 6WXG\ )LQGLQJV ´&OHDULQJ ELNLQJ SDWKV QHHGV WR EH PDGH D SULRULW\ IRU VQRZ UHPRYDO µ

5HIHUHQFHV

%LNHZD\ 7UDIÀF &RQWURO *XLGHOLQHV IRU &DQDGD QG (G 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD )HEUXDU\ 8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU %LF\FOH %RXOHYDUG 3ODQQLQJ DQG 'HVLJQ +DQGERRN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6KDUHG 8VH 3DWKV $GMDFHQW WR 5RDGZD\V 'HVFULSWLRQ

6KDUHG XVH SDWKV DGMDFHQW WR URDGZD\V SURYLGH IRU WZR ZD\ WUDYHO IRU ELF\FOLVWV DQG SHGHVWULDQV VHSD UDWHG IURP PRWRU YHKLFOH WUDIÀF 6KDUHG XVH SDWKV DGMDFHQW WR URDGZD\V DUH DSSURSULDWH ZKHUH WKHUH DUH YHU\ IHZ FRQÁLFWV ORZ ELF\FOLVW YROXPHV DQG UHFUHDWLRQDO XVHV DUH KLJK 3RWHQWLDO VDIHW\ FRQFHUQV VWHP IURP WKH GLIIHUHQFH LQ VSHHG OHYHO RI VNLOO DQG WKH UDQJH RI XVHUV RQ WKH IDFLOLW\ DQG FRQÁLFWV ZLWK PRWRU YHKLFOHV DW FURVVLQJV SDUWLFXODUO\ IRU ELF\FOLVWV WUDYHOOLQJ LQ WKH RSSRVLWH GLUHFWLRQ

,PSOHPHQWDWLRQ DQG 5HWURÀW &RQVLGHUDWLRQV

([LVWLQJ RU QHZ VKDUHG XVH SDWK DGMDFHQW WR URDGZD\V LQ WKH &LW\ RI (GPRQWRQ VKRXOG FRQVLGHU WKH IROORZLQJ GHVLJQ PHDVXUHV 5HGXFH WKH GHQVLW\ RI GULYHZD\V DQG VLPSOLI\ PRYH PHQWV WKURXJK DFFHVV PDQDJHPHQW 'HVLJQ GULYHZD\V DQG LQWHUVHFWLRQV WR UHGXFH YHKLFOH VSHHGV ZKHQ WXUQLQJ 'HVLJQ LQWHUVHFWLRQ FURVVLQJV WR IDFLOLWDWH ELF\FOH DFFHVV WR DQG IURP WKH URDG RU GULYHZD\ EHLQJ FURVVHG

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

0RVW DSSURSULDWH IRU XVH RQ $UWHULDO VWUHHWV ZLWK VWULFW DFFHVV PDQDJHPHQW DQG IHZ FRQÁLFW SRLQWV 2Q $UWHULDO VWUHHWV SURYLGH D ZLGH FXUE ODQH IRU WKH H[SHULHQFHG ELF\FOLVWV WR XVH LI WKH\ FKRRVH 6KDUHG XVH SDWKV DUH JHQHUDOO\ LQDSSURSULDWH IRU XVH DW 6WUHHW 2ULHQWHG ODQG XVHV 2Q FLW\ ZLGH RU FRQQHFWRU ELNH URXWHV ZLWKLQ WKH %LNH 1HWZRUN FRQVLGHU WKH SRWHQWLDO XVHU SUHIHU HQFH IRU WKH SURYLVLRQ RI RQ URDG DFFRPPRGDWLRQ VXFK DV %LNH /DQHV RU &\FOH 7UDFNV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV 7KURXJK WUDYHO DUHD

6WDQGDUG ZLGWK P &RQVWUDLQHG ZLGWK P :KHUH VSDFH LV DYDLODEOH D JUHDWHU SDWK ZLGWK WR P LV DGYLVDEOH LQ WKH IROORZLQJ VLWXDWLRQV ,Q ORFDWLRQV WKDW DUH DQWLFLSDWHG WR KDYH KLJK WRWDO XVHU YROXPHV ,Q ORFDWLRQV WKDW DUH DQWLFLSDWHG WR VHUYH D KLJK SHU FHQWDJH RI SHGHVWULDQV

.HHS DSSURDFKHV WR LQWHUVHFWLRQV DQG PDMRU GULYH ZD\V FOHDU RI REVWUXFWLRQV

,Q ORFDWLRQV ZKHUH WKHUH LV VLJQLÀFDQW XVH E\ LQOLQH VNDWHUV RU FKLOGUHQ

&RQVLGHU DGGLQJ VWRS EDUV IRU YHKLFOHV SXOOLQJ XS WR WKH VKDUHG XVH SDWK FURVVLQJ

,Q ORFDWLRQV ZKHUH WKH SDWK LV XVHG E\ ODUJHU PDLQWH QDQFH YHKLFOHV

$W VLJQDOL]HG LQWHUVHFWLRQV SURKLELW ULJKW WXUQV RQ UHG IURP WKH FURVVLQJ URDGZD\

2Q VWHHS JUDGHV RU WKURXJK FXUYHV

3URYLGH D OHDGLQJ SHGHVWULDQ LQWHUYDO IRU SDWK XVHUV 2Q $UWHULDO VWUHHWV SURYLGH D ZLGH FXUE ODQH P IRU WKH H[SHULHQFHG ELF\FOLVWV WR XVH LI WKH\ FKRRVH

,Q VXFK VLWXDWLRQV FRQVLGHUDWLRQ VKRXOG DOVR EH JLYHQ WR VHSDUDWLRQ RI SHGHVWULDQV DQG ELF\FOLVWV XVLQJ PDUNLQJV PDWHULDOV SK\VLFDO EDUULHUV RU SODQWHG ERXOHYDUGV 7KLV ZLOO KDYH PDLQWHQDQFH LPSOLFDWLRQV GHSHQGLQJ RQ WUHDWPHQW 6KDUHG XVH SDWKV VKRXOG EH VHSDUDWHG IURP PRYLQJ YHKLFOHV E\ DW OHDVW P :KHUH OHVV WKDQ P LV DYDLODEOH D SK\VLFDO EDUULHU VKRXOG EH LQFOXGHG DQG VKRXOG EH GHVLJQHG WR LQKLELW PRWRU YHKLFOHV RU DFWLYH WUDQVSRUWDWLRQ XVHUV IURP VWUD\LQJ IURP WKHLU SDWK RU ODQH


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6KDUHG 8VH 3DWK 6WDQGDUG 'LPHQVLRQV

P

P

6WUHHW &URVVLQJ 'HVLJQ 'HWDLOV

5DLVHG FURVVLQJ WR DVVHUW SDWK XVHU SULRULW\ 7XUQ ER[ DVVLVWV FURVVLQJV RXW RI WKH VKDUHG XVH SDWK

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

&LW\ RI (GPRQWRQ SUDFWLFHV IRU VQRZ UHPRYDO RQ ELF\FOH IDFLOLWLHV DUH FXUUHQWO\ EHLQJ UHYLHZHG 7LPHO\ DQG WKRURXJK FOHDULQJ RI VQRZ IURP 6KDUHG 8VH 3DWKV LV LPSRUWDQW IRU ELF\FOH XVHUV ZKR W\SLFDOO\ ODFN RWKHU HTXLYDOHQW URXWH RSWLRQV 1DUURZ VQRZ EORZHUV PD\ EH XVHG WR FOHDU VQRZ IURP 6KDUHG 8VH 3DWKV

6PDOO UDGLXV FRUQHUV IRU VORZ WXUQLQJ VSHHG

5HIHUHQFHV

%LNHZD\ 7UDIÀF &RQWURO *XLGHOLQHV IRU &DQDGD QG (G 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD )HEUXDU\ 8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU %LF\FOH %RXOHYDUG 3ODQQLQJ DQG 'HVLJQ +DQGERRN *HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LNHZD\V DW ,QWHUVHFWLRQV 6LJQDO 'HWHFWLRQ DQG $FWXDWLRQ DQG 7LPLQJ

3URSHU ELF\FOH GHWHFWLRQ VKRXOG DFFXUDWHO\ GHWHFW ELF\FOLVWV DQG SURYLGHV FOHDU JXLGDQFH WR ELF\FOLVWV RQ KRZ WR DFWXDWH GHWHFWLRQ H J ZKDW EXWWRQ WR SXVK ZKHUH WR VWDQG 7KLV PD\ LQYROYH SODFHPHQW RI ORRS GHWHFWRUV ZLWKLQ ELNH ODQHV ELNH ER[HV DQG WXUQ ER[HV %LF\FOH ORRSV DQG RWKHU GHWHFWLRQ PHFKDQLVPV FDQ DOVR SURYLGH ELF\FOLVWV ZLWK DQ H[WHQGHG JUHHQ WLPH EHIRUH WKH OLJKW WXUQV \HOORZ VR WKDW ELF\FOLVWV RI DOO DELOLWLHV FDQ UHDFK WKH IDU VLGH RI WKH LQWHUVHFWLRQ

(OHSKDQW·V )HHW &URVVLQJV

(OHSKDQW·V IHHW ELF\FOH PDUNLQJV DUH XVHG WR GHÀQH D ELF\FOLVW FURVVLQJ DUHDV DGMDFHQW WR D FURVVZDON DQG LQFUHDVH DZDUHQHVV DW SRWHQWLDO LQWHUVHFWLRQ FRQÁLFW DUHDV

%HVW DW /RFDWLRQV :LWK

6KDUHG 8VH 3DWK FURVVLQJV %LNH /DQH RU &\FOH 7UDFN FURVVLQJV $FURVV VLJQDOL]HG LQWHUVHFWLRQV SDUWLFXODUO\ WKURXJK ZLGH RU FRPSOH[ LQWHUVHFWLRQV (OHSKDQW·V )HHW ([DPSOHV

(OHSKDQW·V IHHW SDUDOOHO WR D SHGHVWULDQ FURVV ZDON DUH XVHG ZLWK %LNH /DQH RU &\FOH 7UDFN ELNHZD\V

&RPELQHG (OHSKDQW·V )HHW &URVVZDON IRU XVH ZLWK VKDUHG XVH SDWK FURVVLQJV

5HIHUHQFHV

8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU %LNHZD\ 7UDIÀF &RQWURO *XLGHOLQHV IRU &DQDGD QG (G 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD )HEUXDU\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LNH %R[

$ ELNH ER[ LV D GHVLJQDWHG DUHD DW VLJQDOL]HG LQWHUVHF WLRQV WKDW SURYLGHV ELF\FOLVWV ZLWK D VDIH DQG YLVLEOH VSDFH WR JHW LQ IURQW RI TXHXLQJ PRWRUL]HG WUDIÀF GXULQJ WKH UHG VLJQDO SKDVH

%HVW DW /RFDWLRQV :LWK

‡ ,QWHUVHFWLRQV ZLWK KLJK PRGHUDWH YROXPHV RI ULJKW WXUQLQJ PRWRU YHKLFOHV ‡ ,QWHUVHFWLRQV ZLWK ORQJ UHG OLJKW SKDVHV ‡ $W %LNH %RXOHYDUG FURVVLQJV RI PDMRU VWUHHWV

7ZR 6WDJH 7XUQ %R[

7ZR VWDJH WXUQ TXHXH ER[HV RIIHU ELF\FOLVWV D VDIH ZD\ WR PDNH OHIW WXUQV DW PXOWL ODQH VLJQDOL]HG LQWHUVHFWLRQV IURP D ULJKW VLGH F\FOH WUDFN RU ELNH ODQH

%HVW DW /RFDWLRQV :LWK ‡ 6LJQDOL]HG LQWHUVHFWLRQV

‡ 0XOWLODQH KLJK YROXPH VWUHHWV ZKHUH ELF\FOH DFFHVV WR WKH OHIW WXUQLQJ ODQH PD\ EH GLIÀFXOW ‡ %LNHZD\V FURVVLQJ RQH DQRWKHU

7\SLFDO %LNH %R[

5HIHUHQFHV

8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU

7\SLFDO 7ZR 6WDJH 7XUQ %R[

5HIHUHQFHV

8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%LNHZD\V DW 5LJKW 7XUQ 2QO\ /DQHV 7KURXJK %LNH /DQH $GMDFHQW WR 5LJKW 7XUQ /DQHV

7KURXJK ELNH ODQHV DW ULJKW WXUQ ODQHV RIIHU WKURXJK WUDYHOOLQJ ELF\FOLVWV DQ RSSRUWXQLW\ WR FRUUHFWO\ SRVLWLRQ WKHPVHOYHV WR DYRLG FRQÁLFWV ZLWK WXUQLQJ YHKLFOHV

:KHQ D WKURXJK ODQH WUDQVLWLRQV LQWR D ULJKW WXUQ ODQH XVH GDVKHG OLQHV WR RIIHU ELF\FOLVWV ÁH[LELOLW\ LQ QHJRWL DWLQJ WKH WUDQVLWLRQ DUHD %LNH /DQH $GMDFHQW WR &XUE /DQH 7UDQVLWLRQ

%HVW DW /RFDWLRQV :LWK

6WUHHWV ZLWK ULJKW WXUQ ODQHV DQG ELNH ODQHV

'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

:KHQ D ULJKW WXUQ ODQH LV LQWURGXFHG XVH GDVKHG OLQHV WR PDUN WKH PHUJH DUHD RI WKH ELF\FOH ODQH DQG HPSKDVL]H SULRULW\ RI WKURXJK ELF\FOLVWV %LNH /DQH $GMDFHQW WR ,QWURGXFHG 5LJKW 7XUQ /DQH

5HIHUHQFHV

8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU %LNHZD\ 7UDIÀF &RQWURO *XLGHOLQHV IRU &DQDGD QG (G 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD )HEUXDU\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

&RPELQHG %LNH /DQH 7XUQ /DQH

$ FRPELQHG ELNH ODQH WXUQ ODQH LV D VKDUHG XVH ODQH IRU WXUQLQJ PRWRU YHKLFOHV DQG WKURXJK RU WXUQLQJ ELF\FOHV

%HVW DW /RFDWLRQV :LWK

/RZ PRGHUDWH YROXPHV RI WXUQLQJ PRWRU YHKLFOHV

%LNH 6LJQDO

$ ELF\FOH VLJQDO LV D WUDIÀF FRQWURO GHYLFH WKDW VKRXOG RQO\ EH XVHG LQ FRPELQDWLRQ ZLWK DQ H[LVWLQJ FRQYHQ WLRQDO RU SHGHVWULDQ VLJQDO

%HVW DW /RFDWLRQV :LWK

,QVXIÀFLHQW ZLGWK IRU VHSDUDWH ELNH ODQH DQG ULJKW WXUQ ODQH

$ &\FOH 7UDFN RU SDWK UXQQLQJ SDUDOOHO WR DUWHULDO VWUHHWV

%LNH /DQHV RU &\FOH 7UDFN ELNHZD\V

+LJK YROXPH RI ELF\FOLVWV DW SHDN KRXUV +LJK QXPEHUV RI ELF\FOH PRWRU YHKLFOH FUDVKHV HVSHFLDOO\ WKRVH FDXVHG E\ WXUQLQJ YHKLFOH PRYHPHQWV $ FRQÁXHQFH RI DQ RII VWUHHW ELNH SDWK DQG D URDGZD\ LQWHUVHFWLRQ

&RPELQHG %LNH /DQH 7XUQ /DQH

5HIHUHQFHV

8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU

%LNH 6LJQDO ZLWK ([FOXVLYH 3KDVH WR 5HPRYH &RQÁLFW ZLWK 5LJKW 7XUQ /DQH

5HIHUHQFHV

8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7UDQVLW %XV 6WRS /RFDWLRQ DQG $FFHVVLELOLW\ %XV 6WRS $PHQLWLHV 7UDQVLW 3ULRULW\ 0HDVXUHV 7UDQVLW ,QWHJUDWLRQ ZLWK %LNH )DFLOLWLHV 7UDQVLW ,QWHJUDWLRQ ZLWK &\FOH 7UDFNV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%XV 6WRS /RFDWLRQ DQG $FFHVVLELOLW\ 'HVLJQ 'HWDLOV DQG 'LPHQVLRQV

'HVFULSWLRQ

$FFHVVLEOH EXV VWRSV HQVXUH WKDW DOO SHRSOH FDQ XVH WKH EXV V\VWHP 2Q URXWHV ZKHUH EL GLUHFWLRQDO VHUYLFH LV SURYLGHG DV RSSRVHG WR D ORRS URXWH DQ DFFHVVLEOH LQERXQG VWRS VKRXOG FRUUHVSRQG WR WKH QHDUE\ DFFHVVLEOH RXWERXQG VWRS $ VWRS VKRXOG QRW EH GHHPHG IXOO\ DFFHVVLEOH XQWLO WKLV FDQ EH DFKLHYHG

1HDU VLGH YV )DU VLGH

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ÀJXUDWLRQ LQFOXGH ‡ /RFDWLRQV ZLWK FOHDU VLQJOH GLUHFWLRQ WUDQVIHU DFWLYLW\ ‡ /RFDWLRQV DGMDFHQW WR VLJQDOL]HG LQWHUVHFWLRQV ‡ /RFDWLRQV ZKHUH WKH KHDG RI WKH EXV VWRS FDQ EH VHW EDFN P IURP WKH LQWHUVHFWLRQ ‡ /RFDWLRQV ZKHUH D EXV VWRS &XUE ([WHQVLRQ LV GHVLUHG

‡ 7KH &LW\ RI (GPRQWRQ UHTXLUHV DQ DSSURSULDWH EXV VWRS DQG DPHQLW\ SDG EH FRQVWUXFWHG DV SDUW RI QHZ EXV VWRS SDG FRQVWUXFWLRQ LQ DOO QHZ GHYHORSPHQWV ZKHUHYHU VXIÀFLHQW ULJKW RI ZD\ LV DYDLODEOH ‡ 7KH XQFRQVWUDLQHG DFFHVVLEOH SDG GLPHQVLRQV DUH P [ P 3URYLGH D P PLQLPXP FOHDUDQFH WR WKH SURSHUW\ OLQH 3DGV ZLWK D FRQVWUDLQHG ZLGWK RI OHVV WKDQ P PD\ UHTXLUH DGGLWLRQDO OHQJWK ‡ 7KH OHQJWK RI WKH SDG VKRXOG EH DQ DGGLWLRQDO P IRU PXOWLSOH RU IUHTXHQW URXWHV RU DQ DGGLWLRQDO P IRU DUWLFXODWHG EXVHV ‡ 7R FRQQHFW WR D VLGHZDON SURYLGH D P ZLGH ZDON FRQQHFWLRQ DW WKH KHDG RI WKH SDG RU LI WKH SDG LV OHVV WKDQ P IURP WKH VLGHZDON IXOO\ FRQQHFW WKH FRQFUHWH SDG WR WKH VLGHZDON ‡ 0DLQWDLQ P GLVWDQFH IURP EXV VWRS WR DGMDFHQW WUHHV ‡ ,I EXV VWRS DPHQLWLHV RU VWUHHW IXUQLWXUH DUH SUR YLGHG PDLQWDLQ P ZLGH FOHDU IRU WKH SHGHVWULDQ SDWK .HHS FOHDU RI WKH WUDQVLW ORDGLQJ DQG XQORDGLQJ DUHD ‡ %HQFKHV ZLWKLQ EXV VWRS DUHDV VKRXOG QRW EH SODFHG ZLWKLQ WKH P [ P FOHDU ]RQH WR WKH FXUE

6DIHW\ DQG 6HFXULW\

,Q ORFDWLQJ EXV VWRSV VDIHW\ DQG VHFXULW\ FRQFHUQV DUH DGGUHVVHG WKURXJK &ULPH 3UHYHQWLRQ 7KURXJK (QYLURQPHQWDO 'HVLJQ &37(' 3URSHU GHVLJQ FDQ HIIHFWLYHO\ FUHDWH D EXLOW HQYLURQPHQW WKDW UHGXFHV WKH SRWHQWLDO IRU FULPH DQG LQFUHDVHV VDIHW\ IRU XVHUV

%XV VWRSV ZLWK FXUE H[WHQVLRQV SURYLGH DGGLWLRQDO VSDFH WR DFFRPPRGDWH ZKHHOFKDLUV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7UDQVLW 6WRS DQG $PHQLWLHV 3DG LQ )XUQLVKLQJ =RQH

P 7\SLFDO

%XV 6WRS 6LJQ P 5HFRPPHQGHG P

P 6LGHZDON

7UDQVLW 6WRS DQG $PHQLWLHV 3DG EHKLQG 6LGHZDON

P 7\SLFDO

P 5HFRPPHQGHG

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

&LW\ 3ROLF\ & * UHTXLUHV WKDW VQRZ LV FOHDUHG IURP DOO VLGHZDONV UDPSV VWDLUV DQG EXV SODWIRUPV DW WUDQVLW IDFLOLWLHV ZLWKLQ KRXUV DIWHU WKH VQRZIDOO 7KH &LW\ ZLOO FOHDU VQRZ IURP DOO WUDQVLW ]RQH SDGV ZLWKLQ KRXUV DIWHU WKH VQRZIDOO

%XV 6WRS 6LJQ

Bus Stop Sign

5HIHUHQFHV

'HVLJQ *XLGHOLQHV IRU 3HGHVWULDQ $FFHVVLELOLW\ $OEHUWD 7UDQVSRUWDWLRQ DQG 8WLOLWLHV 0DUFK (GPRQWRQ 7UDQVLW 3ODQQLQJ +DQGERRN (GPRQWRQ 7UDQVLW 6\VWHP 0D\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

%XV 6WRS $PHQLWLHV 'HVFULSWLRQ

3URYLGLQJ FRPIRUWDEOH VSDFH IRU WUDQVLW XVHUV WR ZDLW LV DQ LPSRUWDQW DVSHFW RI TXDOLW\ RI VHUYLFH ZKLFK KHOSV UHWDLQ ULGHUV DQG JURZ ULGHUVKLS 7KH ZDLWLQJ DUHDV VKRXOG EH GHVLJQHG WR DFFRPPRGDWH DOO XVHU JURXSV LQFOXGLQJ WKRVH ZLWK LPSDLUPHQWV SDUHQWV ZLWK VWUROOHUV ELF\FOLVWV DQG WKH HOGHUO\

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

,W LV UHFRPPHQGHG WR FRQVLGHU HQKDQFHG WUDQVLW VWRS DPHQLWLHV LQ WKH IROORZLQJ DUHDV ‡ $UWHULDO VWUHHWV ‡ &ROOHFWRU VWUHHWV

3ULRULW\ IRU VKHOWHU LQVWDOODWLRQ VKRXOG EH JLYHQ WR ZDLWLQJ DUHDV WKDW VHUYH D KLJK FRQFHQWUDWLRQ RI HOGHUO\ FXVWRPHUV DQG RU SHRSOH ZLWK LPSDLUPHQWV

‡ &RPPHUFLDO 0L[HG 8VH ODQG XVHV VWUHHWV

6KHOWHU 3URYLVLRQ 3ULRULWL]DWLRQ

3URWHFWLRQ IURP WKH (OHPHQWV

&RQVLGHU SULRULWL]LQJ VKHOWHU SODFHPHQW DW ORFDWLRQV ‡ +HDGHG LQERXQG VHUYLQJ KLJK QXPEHUV RI PRUQLQJ FRPPXWHUV WUDYHOLQJ WR ZRUN ‡ ,Q DUHDV WKDW VHUYH D KLJK FRQFHQWUDWLRQ RI HOGHUO\ FXVWRPHUV DQG RU SHRSOH ZLWK LPSDLUPHQWV

‡ 6WUHHW 2ULHQWHG ODQG XVHV ‡ 72' $UHDV

3URWHFWLYH DZQLQJV DQG EXLOGLQJ RYHUKDQJV FDQ EH XVHG WR SURYLGH SURWHFWLRQ IURP ZLQG UDLQ VQRZ DQG H[FHVVLYH KHDW RU VXQOLJKW 6KHOWHU RULHQWDWLRQ DQG GHVLJQ PD\ SURWHFW SDWURQV IURP WKH ´VSODVK ]RQHµ FUHDWHG E\ YHKLFOHV RQ ZHW VWUHHWV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6KHOWHU 'HVLJQ WR 3URPRWH 8VHU &RPIRUW

5RDGZD\

3UHYDLOLQJ :LQGV

5HYHUVH VKHOWHU IRU VQRZ UHPRYDO SURWHFWLRQ

$PHQLWLHV 6KHOWHUV

%HQFKHV /LJKWLQJ

7UDVK 5HFHSWDFOHV

$GYDQWDJHV

‡ 3URYLGH FRPIRUW IRU ZDLWLQJ SDVVHQJHUV ‡ 3URYLGH SURWHFWLRQ IURP HOHPHQWV ‡ &DQ EH KHDWHG IRU SDVVHQJHU FRPIRUW ‡ +HOS LGHQWLI\ WKH WUDQVLW V\VWHP ‡ &DQ SURYLGH D YHQXH IRU OLJKWLQJ DW D VLWH ‡ &DQ SURYLGH D VSDFH WR LQVWDOO URXWH DQG VFKHGXOH LQIRUPDWLRQ ‡ 3URYLGH FRPIRUW IRU SDWURQV ‡ +HOS LGHQWLI\ WKH VWRS ‡ /RZ FRVW ‡ ,QFUHDVHV YLVLELOLW\ ‡ ,QFUHDVHV SHUFHSWLRQV RI FRPIRUW DQG VHFXULW\ E\ SDWURQV ‡ 'LVFRXUDJHV ´DIWHU KRXUVµ XVH RI EXV VWRS ‡ 3URYLGH SODFH WR GLVFDUG WUDVK ‡ .HHS EXV VWRS FOHDQ

$GGLWLRQDO $PHQLWLHV $UW ‡ 3URYLGH VKDGH SULYDF\ EXIIHU IURP PRYLQJ WUDIÀF DQG EHDXWLÀFDWLRQ %DQQHUV %LNH 5DFNV

5RXWH 6FKHGXOH ‡ ,V XVHIXO IRU ÀUVW WLPH ULGHUV ,QIRUPDWLRQ ‡ +HOSV LGHQWLI\ WKH EXV V\VWHP ‡ &DQ FRPPXQLFDWH JHQHUDO V\VWHP LQIRUPDWLRQ

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

&LW\ 3ROLF\ & * UHTXLUHV WKDW VQRZ LV FOHDUHG IURP DOO VLGHZDONV UDPSV VWDLUV DQG EXV SODWIRUPV DW WUDQVLW IDFLOLWLHV ZLWKLQ KRXUV DIWHU WKH VQRZIDOO 7KH &LW\ ZLOO &OHDU VQRZ IURP DOO WUDQVLW ]RQH SDGV ZLWKLQ KRXUV DIWHU WKH VQRZIDOO

'LVDGYDQWDJHV

‡ 5HTXLUH PDLQWHQDQFH WUDVK FROOHFWLRQ ‡ 3RWHQWLDO IRU YDQGDOLVP

‡ 5HTXLUH PDLQWHQDQFH ‡ 3RWHQWLDO IRU YDQGDOLVP ‡ 5HTXLUHV PDLQWHQDQFH RI OLJKWLQJ HOHPHQWV ‡ &DQ EH FRVWO\ ‡ 0D\ EH FRVWO\ WR PDLQWDLQ ‡ 0D\ EH XVHG E\ FXVWRPHUV RI QHDUE\ ODQG XVHV ‡ 0D\ VPHOO ‡ 5HTXLUHV UHJXODU RU VHDVRQDO PDLQWHQDQFH ‡ 0XVW EH PDLQWDLQHG WR SURYLGH FXUUHQW URXWH RU VFKHGXOH LQIRUPDWLRQ

5HIHUHQFHV

'HVLJQ *XLGHOLQHV IRU 3HGHVWULDQ $FFHVVLELOLW\ $OEHUWD 7UDQVSRUWDWLRQ DQG 8WLOLWLHV 0DUFK *XLGHOLQHV IRU WKH /RFDWLRQ DQG 'HVLJQ RI %XV 6WRSV 7UDQVSRUWDWLRQ 5HVHDUFK %RDUG


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7UDQVLW 3ULRULW\ 0HDVXUHV 'HVFULSWLRQ

7UDQVLW 3ULRULW\ 0HDVXUHV UHGXFH GHOD\ WR WUDQVLW YHKLFOHV DW NQRZQ SUREOHP DUHDV LQ D QHWZRUN 7KH PHDVXUHV PD\ WDNH WKH IRUP RI FKDQJHV WR H[LVWLQJ LQIUDVWUXFWXUH DGGLWLRQ RI WHFKQRORJ\ RU FDQ EH VHUYLFH DGMXVWPHQWV )RU &RPSOHWH 6WUHHWV FKDQJHV WR WKH H[LVWLQJ LQIUDVWUXFWXUH DQG WKH DGGLWLRQ RI WHFKQRORJ\ DUH WKH PRVW FRPPRQ DSSOLFDWLRQV

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

,W LV UHFRPPHQGHG WR FRQVLGHU HQKDQFHG WUDQVLW VWRS DPHQLWLHV LQ WKH IROORZLQJ DUHDV 72' $UHDV 7UDQVLW 1HWZRUN VWUHHWV ZLWK 6WUHHW 2ULHQWHG DQG 1RQ 6WUHHW 2ULHQWHG ODQG XVHV

+LJK 2FFXSDQF\ 9HKLFOH +29 /DQHV

+29 ODQHV DUH D W\SH RI SUHIHUHQWLDO ODQH VLPLODU WR WUDQVLW RQO\ ODQHV EXW ZKLFK SHUPLW ODQH XVH E\ DXWRPRELOHV ZLWK KLJK RFFXSDQF\ OHYHOV ² SDVVHQJHUV RU PRUH

6LJQDO 3ULRULW\

7KH DGGLWLRQ RI D VHQVRU DW D VLJQDO DOORZV IRU WKH JUHHQ RU UHG WLPH DW WKH LQWHUVHFWLRQ WR EH DGMXVWHG DQG SULRULW\ JLYHQ WR WKH DSSURDFKLQJ WUDQVLW YHKLFOH 7KLV UHVXOWV LQ WUDYHO WLPH VDYLQJV EHFDXVH RI IHZHU VWRSV DW VLJQDOL]HG LQWHUVHFWLRQV ZKLFK EHQHÀWV WKH ULGHU DQG WKH RSHUDWRU RI WKH WUDQVLW VHUYLFH 7KHUH DUH WZR W\SHV RI EXV VLJQDO SULRULW\ DW FRQYHQWLRQDO LQWHUVHFWLRQV *UHHQ ([WHQVLRQ :KHUH WKH JUHHQ SKDVH RI D VLJQDO LV PDLQWDLQHG EH\RQG UHJXODU WLPLQJ WR SHUPLW EXV SDVVDJH 5HG 7UXQFDWLRQ :KHUH WKH UHG SKDVH RI D VLJQDO LV UHGXFHG WR DOORZ IRU TXLFNHU SURJUHVVLRQ EDFN WR JUHHQ

6LJQDO 3ULRULW\ ([DPSOHV

7UDQVLW 2QO\ /DQHV

7UDQVLW RQO\ ODQHV DUH SUHIHUHQWLDO ODQHV WKDW UHOLHYH WUDQVLW FRQJHVWLRQ DQG UHGXFH FRVWV E\ UHGXFLQJ WKH QXPEHU RI FRQÁLFWV EHWZHHQ WUDQVLW DQG SULYDWH DXWR PRELOHV 7KH\ DUH PRVW VXLWDEOH LQ KDQGOLQJ SHDN KRXU WUDQVLW YROXPHV ZKLFK DUH VXEMHFW WR FRQJHVWLRQ DQG ULGHUVKLS UHODWHG IDFWRUV WKDW FDQ LQFUHDVH RSHUDWLQJ WLPHV 7UDQVLW RQO\ ODQHV PD\ DOVR RSHUDWH FRQWUD ÁRZ WR SURYLGH PRUH GLUHFW DQG TXLFNHU VHUYLFH 7D[LV DQG ELF\FOHV DUH DOVR SHUPLWWHG WR XVH WKHVH ODQHV &RQVLGHU WKH XVH RI FRORUHG SDYHPHQW WR SURYLGH D VWURQJ VHQVH RI LGHQWLW\ WR WUDQVLW RQO\ ODQHV DQG WR GLVWLQJXLVK WKHP IURP JHQHUDO SXUSRVH WUDYHO ODQHV %XV 2QO\ /DQH ([DPSOHV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

4XHXH -XPS DW 6LJQDOV

$OORZV D WUDQVLW YHKLFOH WR SURFHHG LQWR DQ LQWHUVHFWLRQ DQG PDNH WKH UHTXLUHG ODQH FKDQJH RU WXUQ SULRU WR DQ\ RWKHU YHKLFOH EHLQJ DOORZHG LQWR WKH LQWHUVHFWLRQ

6LJQDO 3ULRULW\ 5HG 7UXQFDWLRQ %XV DSSURDFKHV UHG VLJQDO

*UHHQ ([WHQVLRQ %XV DSSURDFKHV JUHHQ VLJQDO

6LJQDO FRQWUROOHU GHWHFWV EXV WHUPLQDWHV VLGH VWUHHW JUHHQ SKDVH HDUO\

6LJQDO FRQWUROOHU GHWHFWV EXV H[WHQGV FXUUHQW JUHHQ SKDVH

%XV SURFHHGV RQ JUHHQ VLJQDO

%XV SURFHHGV RQ JUHHQ VLJQDO

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

5HIHUHQFHV

6LPLODU FRQVLGHUDWLRQV IRU WUDYHO ODQHV DSSO\

(GPRQWRQ 7UDQVLW 3ODQQLQJ +DQGERRN &LW\ RI (GPRQWRQ 0D\ 7UDQVLW &DSDFLW\ DQG 4XDOLW\ RI 6HUYLFH 0DQXDO ² QG (GLWLRQ 7UDQVLW &RRSHUDWLYH 5HVHDUFK 3URJUDP


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7UDQVLW ,QWHJUDWLRQ ZLWK %LNH )DFLOLWLHV 'HVFULSWLRQ

6HOHFWLRQ RI WKH UHFRPPHQGHG IDFLOLWLHV WKDW PD[L PL]H FRPIRUW IRU ERWK WUDQVLW XVHUV DQG ELF\FOLVWV UHO\ RQ EXV YROXPH ELF\FOLVW YROXPH EXV RSHUDWLRQ VSHHG ODQH GLPHQVLRQV DQG VDIHW\ FRQVLGHUDWLRQV

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

,W LV UHFRPPHQGHG WR FRQVLGHU WUDQVLW VWRS SODFH PHQW LQ WKH IROORZLQJ DUHDV ‡ $UWHULDO VWUHHWV ‡ &ROOHFWRU 6WUHHWV

6XJJHVWHG JHQHUDO ODQH GLPHQVLRQV DQG GHVLJQ JXLGHOLQHV

‡ 6WDQGDUG P ZLGWK IRU VKDUHG ELF\FOH EXV ODQHV ZKHUH VLGH E\ VLGH RSHUDWLRQ LV H[SHFWHG ‡ ,Q 6WUHHW 2ULHQWHG ODQG XVH DUHDV ZKHUH EXVHV DQG ELF\FOLVWV DUH QRW H[SHFWHG WR SDVV RQH DQRWKHU D VWDQGDUG ODQH ZLGWK RI P LV DSSURSULDWH ‡ 'HVLJQ VKRXOG SURYLGH ERWK PRGHV ZLWK VDIHW\ FRPIRUW DQG GLUHFWQHVV QHLWKHU PRGH VKRXOG EH XQQHFHVVDULO\ GHOD\HG

5HFRPPHQGHG 'HVLJQ 7UHDWPHQWV &ULWHULD

,QGLFDWRU

%XV 9ROXPH

• EXVHV KU EXVHV KU

6SHHG /LPLW • NP KRXU NP KRXU

5HFRPPHQGHG 'HVLJQ 7UHDWPHQW 'HGLFDWHG ELNH ODQH GHGLFDWHG EXV ODQH PL[HG WUDIÀF ODQH 'HGLFDWHG VKDUHG ELNH DQG EXV ODQH RU PL[HG WUDIÀF ODQH 'HGLFDWHG EXV ODQH 'HGLFDWHG EXV ODQH GHGLFDWHG VKDUHG ELNH DQG EXV ODQH RU PL[HG WUDIÀF ODQH

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

%XVZD\V DUH D 3ULRULW\ IRU &LW\ RI (GPRQWRQ VQRZ FOHDULQJ &ROOHFWRU %XV 5RXWH URDGZD\V DQG 7UDQVLW 3DUN DQG 5LGH DFFHVV URDGV DUH 3ULRULW\

7\SLFDO %LNH %XV /DQH &RQÀJXUDWLRQV

1R GHGLFDWHG IDFLOLW\ %LF\FOHV DQG EXVHV VKDUH D PL[HG WUDIÀF ODQH 0L[HG 7UDIÀF ZLWK 6KDUURZV 7KH SDYHPHQW PDUNLQJV UHLQIRUFH WKH LGHD WR DOO XVHUV WKDW ELF\FOLVWV VKRXOG EH H[SHFWHG ZLWKLQ WKH ODQH 'HGLFDWHG %LNH /DQH %LF\FOLVWV WUDYHO ZLWKLQ D GHGL FDWHG ODQH %XVHV DUH W\SLFDOO\ UHTXLUHG WR SXOO LQWR WKH ELF\FOH ODQH WR DFFHVV WKH FXUE 'HGLFDWHG %LNH /DQH 'HGLFDWHG %XV /DQH %RWK ELNHV DQG EXVHV KDYH WKHLU RZQ ODQH %LNH WUDYHO ODQH PD\ EH SODFHG WR WKH OHIW RU ULJKW RI WKH EXV ODQH ,I WKH ELF\FOH ODQH LV SODFHG WR WKH ULJKW RI WKH EXV ODQH WKH EXV PD\ EH UHTXLUHG WR SXOO LQWR WKH ELF\FOH ODQH WR DFFHVV WKH FXUE 'HGLFDWHG 6KDUHG %LF\FOH %XV /DQH %XVHV DQG ELF\FOH VKDUH D ODQH 7KHVH ODQHV DUH W\SLFDOO\ ZLGHU WKDQ QRUPDO WR DFFRPPRGDWH SDVVLQJ PDQRHXYUHV 'HGLFDWHG %XV 2QO\ /DQH ELF\FOHV LQ JHQHUDO SXUSRVH WUDYHO ODQH 7KLV VKRXOG EH DYRLGHG DV PRWRULVWV H[SHFW ELF\FOLVWV DV IDU WR WKH ULJKW DV SRVVLEOH

5HIHUHQFHV

0F1HHO\ 6 * 'RQDKHU 'HVLJQ 7UHDWPHQWV IRU %LF\FOHV DQG %XVHV RQ $UWHULDO DQG &ROOHFWRU 5RDGV ,7( 0HHWLQJ ([KLELWV DQG 3UHVHQWDWLRQV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7UDQVLW ,QWHJUDWLRQ ZLWK &\FOH 7UDFNV 'HVFULSWLRQ

&\FOH 7UDFN ELNHZD\V RIIHU XQLTXH GHVLJQ FKDOOHQJHV DW WUDQVLW VWRSV EHFDXVH RI WKHLU XVH RI SK\VLFDO SURWHFWLRQ DQG VHSDUDWLRQ IURP WUDIÀF 6WUDWHJLHV WR PLWLJDWH FRQÁLFWV EHWZHHQ ELF\FOLVWV DQG WUDQVLW SDVVHQJHUV LQYROYH FOHDU GHOLQHDWLRQ RI WUDYHO SDWKV IRU HDFK PRGH

:LGH 6HSDUDWLRQ RU 3DUNLQJ 3URWHFWHG &\FOH 7UDFN $ EXV VWRS &XUE ([WHQVLRQ PD\ EH FRQÀJXUHG LQ WKH F\FOH WUDFN EXIIHU DUHD WR DFFRPPRGDWH WUDQVLW VWRSV

P

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

,W LV UHFRPPHQGHG WR FRQVLGHU HQKDQFHG WUDQVLW VWRS DPHQLWLHV LQ WKH IROORZLQJ DUHDV &LW\ ZLGH %LNH 1HWZRUN VWUHHWV ZLWK &\FOH 7UDFN ELNHZD\V 7UDQVLW 1HWZRUN VWUHHWV ZLWK FXUEVLGH WUDQVLW VWRSV

1DUURZ 6HSDUDWLRQ &\FOH 7UDFN

:UDS WKH F\FOH WUDFN EHKLQG WKH WUDQVLW VWRS ]RQH WR UHGXFH FRQÁLFWV ZLWK WUDQVLW YHKLFOHV DQG SDVVHQJHUV %LF\FOLVWV VKRXOG \LHOG WR SHGHVWULDQV LQ WKHVH DUHDV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

2Q 6WUHHW 0L[LQJ =RQH

$W EXV VWRSV DQ H[WHQGHG PL[LQJ ]RQH PD\ EH SUR YLGHG ZLWK VLJQDJH GLUHFWLQJ ELF\FOLVWV WR \LHOG WR VWRSSHG EXVHV

/HIW 6LGH &RQÀJXUDWLRQ

&\FOH WUDFNV PD\ EH FRQÀJXUHG RQ WKH OHIW VLGH RI D RQH ZD\ VWUHHW WR DYRLG FRQÁLFWV

P

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV &RQVLGHUDWLRQV IRU &\FOH 7UDFNV DSSO\

5HIHUHQFHV

8UEDQ %LNHZD\ 'HVLJQ *XLGH 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 6HSWHPEHU


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

*RRGV 0RYHPHQW 'HVLJQLQJ IRU *RRGV *RRGV 'HVLJQ (QKDQFHPHQWV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

'HVLJQLQJ IRU *RRGV 'HVFULSWLRQ

7R DFFRPPRGDWH WKH WXUQLQJV RI ODUJH YHKLFOHV FXUE UDGLL DUH W\SLFDOO\ DGMXVWHG LQ URDGZD\ GHVLJQ *HQHUDOO\ WKH ODUJHU WKH JRRGV YHKLFOH WKH ODUJHU WKH WXUQLQJ UDGLL UHTXLUHG 7KLV ODUJHU FRUQHU UDGLL LPSDFWV RWKHU XVHUV LQ D YDULHW\ RI ZD\V 6PDOOHU YHKLFOHV FDQ QDYLJDWH WKH WXUQV DW D IDVWHU VSHHG ZKLFK LPSDFWV WKH SHGHVWULDQV DQG ELF\FOLVWV FURVVLQJ DW WKH LQWHU VHFWLRQ DQG WKH SHGHVWULDQ FURVVLQJ GLVWDQFH LV LQFUHDVHG ZKLFK LQFUHDVHV H[SRVXUH ZLWKLQ WKH LQWHUVHFWLRQ (PHUJHQF\ YHKLFOHV DQG ÀUH WUXFNV KDYH VLPLODU PRYHPHQW QHHGV DV ODUJH WUXFNV DQG GHVLJQ GLPHQVLRQV VKRXOG FRQVLGHU WKH SRWHQWLDO LPSDFW WR WKRVH YHKLFOHV

$SSOLFDWLRQ &RQWH[W /DQG 8VH 6WUHHW 7\SH DQG 2ULHQWDWLRQ

,W LV UHFRPPHQGHG WR IXOO\ GHVLJQ IRU JRRGV WXUQLQJ PRYH PHQWV LQ WKH IROORZLQJ ODQG XVHV ‡ $OO ,QGXVWULDO ODQG XVHV ‡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

'HVLJQ )RU *RRGV 0RYHPHQW

,Q ,QGXVWULDO ODQG XVHV DQG RQ +LJK 7UXFN 9ROXPH VWUHHWV JRRGV PRYHPHQW PD\ EH SULRULWL]HG RYHU RWKHU PRGHV ,Q VRPH FDVHV FXUE UDGLL VKRXOG EH GHVLJQHG WR IXOO\ VHUYH WKH QHHGV RI JRRGV PRYHPHQW ,Q WKHVH FDVHV WKH GHVLJQHU PD\ HVWDEOLVK WKH WUDYHO SDWK WKDW DOORZV WKH GHVLJQ YHKLFOH WR UHPDLQ HQWLUHO\ ZLWKLQ LWV GHVLJQDWHG ODQHV

$FFRPPRGDWH *RRGV 0RYHPHQW

,Q 72' $UHDV %LNH 1HWZRUN VWUHHWV RU 6WUHHW 2ULHQWHG ODQG XVHV WKH GHVLJQHU VKRXOG DVVXPH PRUH ODWLWXGH IRU WKH YHKLFOH SDWK LQFOXGLQJ HQFURDFKPHQW RQ DGMD FHQW ODQHV DSSURDFKLQJ DQG RU GHSDUWLQJ WKH LQWHUVHF WLRQV ,Q WKHVH FDVHV ODUJHU YHKLFOHV PD\ LQIUHTXHQWO\ XVH DGMDFHQW DQG RSSRVLQJ ODQHV ZKLOH WXUQLQJ

&RQVLGHU WKH XVH RI D WZR FHQWHUHG FXUYH UDWKHU WKDQ D VLPSOH UDGLXV WR SURYLGH D EHWWHU ÀW WR WKH WUDQVLWLRQDO WXUQLQJ SDWKV RI WUDFWRU VHPLWUDLOHU GHVLJQ YHKLFOH 7KH SLQN DUHD UHSUHVHQWV WKH SDWK FRYHUHG E\ D WXUQLQJ WUXFN

/DUJHU YHKLFOHV PD\ LQIUHTXHQWO\ XVH DGMDFHQW DQG RSSRVLQJ ODQHV

/DUJHU YHKLFOHV WXUQ LQWR LQVLGH ODQH

8VH D VHWEDFN VWRS EDU ZKHUH FRQIOLFWV DUH H[SHFWHG

:LGH FRUQHU UDGLL RU WZR FHQWHU FXUYH

0LQLPL]HG FRUQHU UDGLL


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

*RRGV 'HVLJQ (QKDQFHPHQWV 6LGHZDONV

'HVFULSWLRQ

6WUHHW GHVLJQ IHDWXUHV WR IDFLOLWDWH JRRGV PRYHPHQW PD\ LPSDFW WKH VDIHW\ DQG FRPIRUW IRU RWKHU XVHUV 5RDGZD\V LQ 6WUHHW 2ULHQWHG ODQG XVH DUHDV VKRXOG EH GHVLJQHG IRU VORZHU SHGHVWULDQ IULHQGO\ WUXFN RSHUDWLRQ DV D UHVSRQVH WR KLJKHU OHYHOV RI SHGHV WULDQ DFWLYLW\ (PHUJHQF\ YHKLFOHV DQG ÀUH WUXFNV KDYH VLPLODU PRYHPHQW QHHGV DV ODUJH WUXFNV DQG GHVLJQ GLPHQ VLRQV VKRXOG FRQVLGHU WKH SRWHQWLDO LPSDFW WR WKRVH YHKLFOHV

0LWLJDWLQJ WKH LPSDFWV RI GHVLJQLQJ IRU JRRGV

3HGHVWULDQV DQG ELF\FOLVWV DUH OLNHO\ WR EH IRXQG RQ DOO VWUHHWV HYHQ RQ +LJK 7UXFN 9ROXPH VWUHHWV &RQVLGHU ZD\V WR PLWLJDWH WKH QHJDWLYH LPSDFWV RI GHVLJQLQJ IRU JRRGV PRYHPHQW ‡ 3HGHVWULDQV ZLOO EHQHÀW IURP LQFUHDVHG 6LGHZDON EXIIHU ZLGWKV ‡ %LF\FOLVWV RIWHQ EHQHÀW IURP LQFUHDVHG IDFLOLW\ ZLGWK DQG RU SK\VLFDOO\ SURWHFWHG &\FOH 7UDFN ELNHZD\V

$GGLWLRQDO 'HVLJQ &RQVLGHUDWLRQV 'ULYHZD\ $FFHVV

3URYLGH ZLGWK IRU DFFRPPRGDWLRQ EXW PDLQWDLQ D UHGXFHG UDGLL FRUQHU WR SURPRWH VORZ VSHHGV IRU RWKHU XVHUV

&RQVLGHU RSSRUWXQLWLHV WR LQFOXGH SURWHFWHG PHGLDQV DW FRUQHUV WR HQVXUH WKDW WUXFNV GR QRW HQGDQJHU SHGHV WULDQV 3URYLGH ERXOHYDUG VLGHZDONV ZKHUHYHU SRVVLEOH &\FOLQJ IDFLOLWLHV $GMDFHQW WR KLJK YROXPHV RI IUHLJKW WUDIÀ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

7UXFN $SURQ &RUQHU 'HVLJQ ([DPSOH


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

'LPHQVLRQV

7KH WXUQLQJ UHTXLUHPHQWV RI YDULRXV GLIIHUHQW YHKLFOHV DUH VKRZQ EHORZ *HQHUDOO\ WKH ODUJHU WKH YHKLFOH WKH ODUJHU WKH WXUQLQJ UDGLL UHTXLUHPHQW 68 6LQJOH 8QLW 7UXFN

)LUH 7UXFN

5

5

15.1 m

4.0 m

6.3 m

:% 6HPL 7UDLOHU &RPELQDWLRQ

:% 6HPL 7UDLOHU &RPELQDWLRQ

5

5

6QRZ 5HPRYDO DQG 0DLQWHQDQFH &RQVLGHUDWLRQV

6QRZ SORZV PD\ QRW EH DEOH WR QDYLJDWH WLJKWO\ DORQJ UHGXFHG UDGLXV FRUQHUV 6QRZ FOHDUDQFH FUHZV ZLOO FOHDU VQRZ IURP FXUE UDPSV DQG FURVVZDONV DQG VKRXOG HQVXUH WKDW WKH SHGHVWULDQ WKURXJK ]RQH LV FOHDU

4.8 m

5HIHUHQFHV

*HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD 'HVLJQLQJ :DONDEOH 8UEDQ 7KRURXJKIDUHV $ &RQWH[W 6HQVLWLYH $SSURDFK 3XEOLFDWLRQ 1R 53 $ ,QVWLWXWH RI 7UDQVSRUWDWLRQ (QJLQHHUV 'HVLJQLQJ IRU 7UXFN 0RYHPHQWV DQG 2WKHU /DUJH 9HKLFOHV LQ 3RUWODQG &LW\ RI 3RUWODQG -XO\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

&RPSOHWH 6WUHHWV &RQWH[W ,OOXVWUDWLRQV $UWHULDO ,QWHUVHFWLRQ &RQWH[W &ROOHFWRU ,QWHUVHFWLRQ &RQWH[W /RFDO ,QWHUVHFWLRQ &RQWH[W


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

$UWHULDO ,QWHUVHFWLRQ &RQWH[W 7KH ÀJXUHV EHORZ DUH H[DPSOHV RI SRWHQWLDO FRPELQDWLRQV RI &RPSOHWH 6WUHHWV HOHPHQWV DQG SURYLGH UHIHUHQFHV WR RWKHU VHFWLRQV RI WKH *XLGHOLQHV ZKLFK PD\ EH KHOSIXO 7KHVH ÀJXUHV DUH IRU LOOXVWUDWLRQ SXUSRVHV RQO\ DQG GR QRW FRQVWLWXWH DQ DSSURYHG RU FRPSXOVRU\ GHVLJQ

1RQ 6WUHHW 2ULHQWHG $UWHULDO

7KLV H[DPSOH LV IRFXVHG RQ DXWR PRELOLW\ DQG ORQJ GLVWDQFH WUDYHO $ ELNHZD\ LV SURYLGHG LQ WKH IRUP RI DQ RII VWUHHW SDWK 7XUQ ODQHV PLQLPL]H DXWRPRELOH GHOD\ DQG PD[LPL]H LQWHUVHFWLRQ FDSDFLW\

6KDUHG XVH SDWKV DGMDFHQW WR URDG ZD\V DUH DSSURSUL DWH ZKHUH WKHUH DUH YHU\ IHZ FRQÁLFWV ORZ F\FOLVW YROXPHV UHFUHDWLRQDO XVHV DUH KLJK 6KDUHG 8VH 3DWKV $GMDFHQW WR 5RDGZD\V

'HVLJQ DQG VHOHFW LQWHUVHFWLRQ FRQWURO WR DFFRPPRGDWH SHGHVWULDQV 3HGHVWULDQV DW ,QWHUVHFWLRQV

2Q %LNH 1HWZRUN VWUHHWV VHOHFW D ELNHZD\ DSSURSUL DWH IRU SUHYDLOLQJ URDGZD\ FRQGLWLRQV %LF\FOH )DFLOLW\ 6HOHFWLRQ

5RDGZD\ DQG WUDYHO ODQH ZLGWK KDYH D VLJQLÀFDQW HIIHFW RQ WKH SHUFHS WLRQ DQG EHKDYLRXU RI DOO XVHUV 5RDGZD\ 'HVLJQ 7UDYHO /DQHV DQG /DQH :LGWKV

:HOO SODFHG PLG EORFN FURVVZDONV KHOS SHGHVWULDQV VDIHO\ UHDFK GHV WLQDWLRQV 3HGHVWULDQV DW ,QWHUVHFWLRQV


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6WUHHW 2ULHQWHG $UWHULDO

7KLV H[DPSOH LV IRFXVHG RQ GLUHFW DFFHVV WR DGMDFHQW SURSHUWLHV 2Q VWUHHW SDUNLQJ LV SURYLGHG ZKHUH SRVVLEOH DQG IHDWXUHV WR VXSSRUW WUDQVLW DQG ELF\FOH XVH DUH SULRULWL]HG

7UHDWPHQWV HPSKDVL]H WKH ELNHZD\ FURVVLQJ %LNHZD\V DW ,QWHUVHFWLRQV

0DQDJH LQWHUDF WLRQV EHWZHHQ ELF\FOLVWV DQG PRWRULVWV DW ULJKW WXUQ RQO\ ODQHV 2Q 6WUHHW %LNHZD\V DW 5LJKW 7XUQ 2QO\ /DQHV

&XUE H[WHQVLRQV PLQLPL]H FURVVLQJ GLVWDQFH IRU SHGHV WULDQV &XUE ([WHQVLRQ

6LGHZDON GLPHQVLRQV VKRXOG FRQVLGHU WKH SRWHQWLDO IRU KLJK SHGHVWULDQ YROXPHV 6LGHZDONV

,Q 6WUHHW 2ULHQWHG DUHD ZLWK KLJK YROXPHV RI SHGHV WULDQV DWWHQWLRQ WR SHGHVWULDQ RULHQWHG GHWDLOV VXFK DV OLJKWLQJ DQG PDWHUL DOV LV LPSRUWDQW 6WUHHWVFDSH $PHQLWLHV 6HSDUDWH ELF\FOLVWV DQG WUDQVLW YHKL FOHV SDVVHQJHUV WR UHGXFH FRQ ÁLFW 7UDQVLW ,QWHJUDWLRQ ZLWK &\FOH 7UDFNV

&\FOH 7UDFNV RIIHU D KLJK TXDOLW\ SUR WHFWHG H[SHULHQFH IRU ELF\FOLVWV &\FOH 7UDFNV

P

P

2Q VWUHHW SDUNLQJ LV GHVLUDEOH LQ VWUHHW RULHQWHG ODQG XVH DUHDV 2Q 6WUHHW 9HKLFOH 3DUNLQJ


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

&ROOHFWRU ,QWHUVHFWLRQ &RQWH[W 7KH ÀJXUHV EHORZ DUH H[DPSOHV RI SRWHQWLDO FRPELQDWLRQV RI FRPSOHWH VWUHHWV HOHPHQWV DQG SURYLGH UHIHUHQFHV WR RWKHU VHFWLRQV RI WKH *XLGHOLQHV ZKLFK PD\ EH KHOSIXO 7KHVH ÀJXUHV DUH IRU LOOXVWUDWLRQ SXUSRVHV RQO\ DQG GR QRW FRQVWLWXWH DQ DSSURYHG RU FRPSXOVRU\ GHVLJQ

1RQ 6WUHHW 2ULHQWHG &ROOHFWRU

7KLV H[DPSOH LV IRFXVHG RQ FRQQHFWLQJ ORFDO URDGZD\V WR DUWHULDO URDGZD\V 1R RQ VWUHHW SDUNLQJ LV SURYLGHG DQG EXVHV SXOO WR WKH FXUE DW EXV VWRSV ,I WKLV URXWH LV RQ WKH ELNHZD\ QHWZRUN D EXIIHUHG ELNH ODQH PD\ EH DQ DSSURSULDWH ELNHZD\ W\SH WR RIIHU FRPIRUW IURP KLJK VSHHG WUDYHO

2Q KLJK YROXPH KLJK VSHHG URDG ZD\V VHOHFW DSSUR SULDWH GLPHQVLRQV WR EDODQFH WUDYHO DQG VDIHW\ 5RDGZD\ 'HVLJQ 7UDYHO /DQHV DQG /DQH :LGWKV

2Q VWUHHWV ZLWK IDVW WUDIÀF H[WUD VHSDUDWLRQ LV KHOSIXO IRU ELF\FOLVWV %XIIHUHG %LNH /DQHV

2Q VWUHHW SDUNLQJ LV QRW QHFHVVDU\ LQ DOO ODQG XVH DUHDV 2Q 6WUHHW 9HKLFOH 3DUNLQJ


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

6WUHHW 2ULHQWHG &ROOHFWRU

7KLV H[DPSOH LV IRFXVHG RQ EDODQFLQJ WKH QHHGV RI GLUHFW DFFHVV WR DGMDFHQW SURSHUWLHV ZLWK WKH FRQQHFWLRQV WR DUWHULDO VWUHHWV ,I URDGZD\ FRQGLWLRQV DUH VORZ HQRXJK VKDUURZV HQFRXUDJH ELF\FOLVWV WR VKDUH WKH VSDFH ZLWK DXWRPRELOHV &XUE H[WHQVLRQ EXV VWRSV VSHHG XS WUDQVLW VHUYLFH DQG HQFRXUDJH VORZHU WUDYHO LQ WKH URDGZD\

&XUE H[WHQVLRQV PLQLPL]H FURVVLQJ GLVWDQFH IRU SHGHV WULDQV &XUE ([WHQVLRQ

&XUE H[WHQVLRQ EXV VWRSV VSHHG XS SDVVHQJHU ORDGLQJ XQORDGLQJ &XUE ([WHQVLRQ

2Q VWUHHWV ZLWK DSSURSULDWH PRWRU YHKLFOH VSHHG DQG YROXPH ELF\FOLVWV PD\ VKDUH WKH URDG VDIHO\ ZLWK DXWRPR ELOHV %LF\FOH )DFLOLW\ 6HOHFWLRQ

2Q VWUHHW SDUNLQJ LV SULRULWL]HG LQ VWUHHW RULHQWHG ODQG XVH DUHDV 2Q 6WUHHW 9HKLFOH 3DUNLQJ

P

P


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

/RFDO ,QWHUVHFWLRQ &RQWH[W 7KH ÀJXUHV EHORZ DUH H[DPSOHV RI SRWHQWLDO FRPELQDWLRQV RI FRPSOHWH VWUHHWV HOHPHQWV DQG SURYLGH UHIHUHQFHV WR RWKHU VHFWLRQV RI WKH *XLGHOLQHV ZKLFK PD\ EH KHOSIXO 7KHVH ÀJXUHV DUH IRU LOOXVWUDWLRQ SXUSRVHV RQO\ DQG GR QRW FRQVWLWXWH DQ DSSURYHG RU FRPSXOVRU\ GHVLJQ

1RQ 6WUHHW 2ULHQWHG /RFDO

,Q QRQ VWUHHW RULHQWHG DUHDV RQ VWUHHW SDUNLQJ LV D ORZHU SULRULW\ WKDQ RWKHU QHHGV (YHQ LQ WKHVH DUHDV ORFDO VWUHHWV DUH GHVLJQHG IRU DFFHVV UDWKHU WKDQ PRELOLW\ DQG VSHHG DQG YROXPH PDQDJHPHQW WHFKQLTXHV PD\ EH DSSURSULDWH

'HSHQGLQJ RQ FRQWH[W VSHHGV DQG YROXPHV PD\ QHHG WR EH PDQDJHG RQ ORFDO VWUHHWV 6SHHG DQG 9ROXPH 0DQDJHPHQW 7HFKQLTXHV 2Q VWUHHW SDUNLQJ LV D ORZ SULRULW\ LQ QRQ VWUHHW RULHQWHG DUHDV 2Q 6WUHHW 9HKLFOH 3DUNLQJ

P


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

5HVLGHQWLDO /RFDO %LNHZD\

,PSOHPHQWHG DV D %LNH %RXOHYDUG WKHVH VWUHHWV KDYH FDUHIXOO\ PDQDJHG VSHHG DQG YROXPH WR FUHDWH DSSURSULDWH FRQGLWLRQV IRU ELF\FOH WUDYHO

2Q ELNH QHWZRUN VWUHHWV FURVVLQJV RI DUWHULDO URDGZD\V VKRXOG EH HQKDQFHG IRU ORZ VWUHVV FURVV LQJ %LNHZD\V DW ,QWHUVHFWLRQV

2Q ELNH QHWZRUN ORFDO VWUHHWV ELF\FOHV DUH JLYHQ SULRULW\ LQ WKH URDGZD\ %LNH %RXOHYDUGV

P

P


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN

7KLV SDJH LQWHQWLRQDOO\ EODQN


,03/(0(17$7,21 675$7(*<


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

,03/(0(17$7,21 675$7(*<

7KH &RPSOHWH 6WUHHWV *XLGHOLQHV UHSUHVHQW D FKDQJH LQ DSSURDFK DQG DV D UHVXOW WKH JXLGHOLQHV DUH VHHQ DV D VWDUWLQJ SRLQW UDWKHU WKDQ D ÀQDOL]HG FRQFOXVLRQ 7KHUH DUH QXPHURXV WDVNV RI LPSOHPHQWDWLRQ WKDW ZLOO EH QHFHVVDU\ WR XQGHU WDNH 7KH WLPHIUDPHV IRU FRPSOHW LQJ WKHVH WDVNV UDQJH IURP LPPHGLDWH WR RYHU WKH QH[W WKUHH WR ÀYH \HDUV $OO DVSHFWV RI LPSOH PHQWDWLRQ ZLOO EH OHG E\ WKH &LW\ RI (GPRQWRQ &RPSOHWH 6WUHHW LPSOHPHQWDWLRQ ZLOO QRW FRP PHQFH IRU JUHHQÀHOG XQWLO WKH LPSOLFDWLRQV RI &RPSOHWH 6WUHHWV LV XQGHUVWRRG ZLWK WKH GHYHORS PHQW LQGXVWU\ DQG RWKHU UHOHYDQW VWDNHKROGHUV

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

DIIHFWLQJ PDWXUH DQG HVWDEOLVKHG QHLJKERXUKRRGV PRGDO SULRULWLHV PD\ QHHG WR EH FRQVLGHUHG IRU $UHD 5HGHYHORSPHQW 3ODQV $53V DQG PDMRU UHGHYHORSPHQW SURSRVDOV LQFOXGLQJ /DUJH 6LWH &RUULGRU DQG 6WDWLRQ $UHD 3ODQV 1HLJKERXUKRRG 5HYLWDOL]DWLRQ 6WUDWHJLHV 8UEDQ 'HVLJQ DQG 6WUHHWVFDSLQJ 3ODQV DV ZHOO DV RWKHUV

*UHHQÀHOG 3LORWV DQG ([DPSOH &URVV 6HFWLRQ 'HYHORSPHQW >7LPHIUDPH IRU LPSOHPHQWDWLRQ ² \HDUV@ 7KH LPSOHPHQWDWLRQ RI WKH &RPSOHWH 6WUHHWV *XLGHOLQHV ZLOO QRW FRPPHQFH IRU JUHHQÀHOG GHYHORSPHQW XQWLO WKH LPSOLFD WLRQV RI &RPSOHWH 6WUHHWV DUH XQGHUVWRRG ERWK E\ WKH &LW\ DQG


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

WKH GHYHORSPHQW LQGXVWU\ 7KH &LW\ ZLOO ZRUN FROODERUDWLYHO\ ZLWK WKH UHSUHVHQWDWLYHV IURP WKH GHYHORSPHQW LQGXVWU\ DQG RWKHU UHOHYDQW VWDNHKROGHUV RYHU WKH QH[W \HDU WR EHWWHU XQGHUVWDQG WKHVH LPSOLFDWLRQV 7KLV FROODERUDWLYH SURFHVV ZLOO LGHQWLI\ RSSRUWXQLWLHV IRU SLORW SURMHFWV LQ JUHHQÀHOG DUHDV WR FUHDWH EXLOW H[DPSOHV EDVHG RQ WKH &RPSOHWH 6WUHHWV SULQFLSOHV HVWDE OLVKHG LQ WKLV GRFXPHQW 7KLV SURFHVV ZLOO DOVR LQFOXGH WKH GHYHORSPHQW RI H[DPSOH &RPSOHWH 6WUHHWV FURVV VHFWLRQV DQG D FRVW HIÀFLHQF\ DQDO\VLV RI WKHVH FURVV VHFWLRQV $V SDUW RI WKLV SURFHVV LW PD\ EH DSSURSULDWH WR XSGDWH WKH JXLGHOLQHV EDVHG RQ ZKDW LV OHDUQHG (YHQ WKRXJK WKH &RPSOHWH 6WUHHWV *XLGHOLQHV UHSUHVHQW D VKLIW IURP D ULJLG GHVLJQ SURFHVV WR D ÁH[LEOH RQH WKHUH LV VWLOO D GHVLUH IURP ERWK WKH &LW\ DQG LQGXVWU\ WR KDYH H[DPSOH FURVV VHFWLRQV WR HQVXUH WKH DSSURYDO SURFHVV LV QRW RYHUO\ LPSDFWHG E\ WKLV SURFHVV :KHQ D GHYHORSHU KDV D GHVLUH WR LPSOH PHQW D FRQFHSW WKDW LV GLIIHUHQW WKDQ WKH &RPSOHWH 6WUHHWV H[DPSOH FURVV VHFWLRQV WKH JXLGHOLQHV SURYLGH ÁH[LELOLW\ DQG GHVLJQ UDQJHV WKDW DUH W\SLFDOO\ DFFHSWDEOH WR WKH &LW\ 7KH &LW\·V 7HUPV RI 5HIHUHQFH IRU WKH 3UHSDUDWLRQ DQG $PHQGPHQW RI 5HVLGHQWLDO 1HLJKERXUKRRG 6WUXF WXUH 3ODQV ZLOO EH DOLJQHG ZLWK WKH 'HVLJQLQJ 1HZ 1HLJKERXUKRRGV GRFXPHQW WR RSHUDWLRQDOL]H WKH GHVLJQ JXLGHOLQHV 7KH XSGDWH VKRXOG SURYLGH FODULW\ DURXQG KRZ QHZ SODQV DUH WR GHPRQVWUDWH WKHLU DOLJQPHQW ZLWK WKH JXLGHOLQHV WKH OHYHO RI SODQQLQJ GHWDLO H[SHFWHG DW WKH 163 VWDJH DQG WHFKQLFDO UHSRUW UHTXLUHPHQWV )RU LPSOHPHQWDWLRQ RI &RPSOHWH 6WUHHWV WKLV LV

SDUWLFXODUO\ LPSRUWDQW IRU LPSOH PHQWDWLRQ RI WKH ELNH QHWZRUN (QKDQFHG ELNH IDFLOLWLHV ZLOO QRW EH UHTXLUHG RQ HYHU\ VWUHHW EXW D QHWZRUN DSSURDFK WKDW SURYLGHV FRQQHFWLRQV WR PDMRU GHVWLQDWLRQV DQG WR WKH H[LVWLQJ ELNH QHWZRUN ZLOO EH QHFHVVDU\

7KH DQDO\VLV VKRXOG LQFOXGH WKH FRVW LPSOLFDWLRQV IRU WKH &LW\ RI (GPRQ WRQ UHVLGHQWV EXVLQHVVHV DQG WKH GHYHORSPHQW LQGXVWU\

6WDQGDUGV %\ODZ 3ROLF\ $PHQGPHQWV >7LPHIUDPH IRU LPSOHPHQWDWLRQ \HDUV@

$UWHULDO 5HKDELOLWDWLRQ DQG 1HLJKERXUKRRG 5HQHZDO &RPSOHWH 6WUHHWV· LPSDFWV WR WKH =RQLQJ %\ODZ ZLOO EH LQYHVWLJDWHG 3LORW >7LPHIUDPH IRU LPSOHPHQWDWLRQ ²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

&RVW (IÀFLHQF\ $QDO\VLV >7LPHIUDPH IRU LPSOHPHQWDWLRQ ² \HDUV@ $ FRVW HIÀFLHQF\ DQDO\VLV ZLOO EH FRPSOHWHG IRU WKH SLORW SURMHFWV WKDW ZLOO DOORZ IRU WKH DQDO\VLV RI WKH LPSDFWV RI DGRSWLQJ WKH &RPSOHWH 6WUHHWV *XLGHOLQHV GHVLJQ DSSURDFK DV FRPSDUHG WR WKH H[LVWLQJ GHVLJQ VWDQGDUGV 7KH DQDO\VLV VKRXOG LQFOXGH D IXOO FRVW DFFRXQWLQJ WR LQFRUSRUDWH WKH OLIH F\FOH ÀQDQFLDO DQG QRQ ÀQDQFLDO FRVWV DQG LPSOLFDWLRQV EHQHÀFLDO RU RWKHUZLVH RI LPSOHPHQWLQJ &RP SOHWH 6WUHHWV LQFOXGLQJ VDIHW\ HQYLURQPHQWDO DQG VRFLDO IDFWRUV

1HZ XWLOLW\ DUUDQJHPHQWV DQG EXLOGLQJ VHW EDFN FRQVLGHUDWLRQV FRXOG PRGLI\ ULJKW RI ZD\ UHTXLUH PHQWV 2WKHU E\ODZ DQG SROLF\ DPHQGPHQWV ZLOO EH LGHQWLÀHG WKURXJK WKH ÀQGLQJV RI SLORW SURMHFW WHVWLQJ ,I DSSOLFDEOH VSHFLÀF LWHPV ZLOO EH LQYHVWLJDWHG DQG UHYLHZHG WR LGHQWLI\ DPHQGPHQWV WKDW VXSSRUW RU SURYLGH FRPSDWLELOLW\ ZLWK WKH &RPSOHWH 6WUHHWV 3ULQ FLSOHV ,QYHVWLJDWLRQV PD\ LQFOXGH DOORZLQJ PLG EORFN SHGHVWULDQ FURVVLQJV LQ 6WUHHW 2ULHQWHG DUHDV RU DPHQGLQJ =RQLQJ %\ODZ UHTXLUH PHQWV UHODWHG WR RQ VWUHHW SDUNLQJ

$GGLWLRQDO 3URMHFWV DQG 3URFHVVHV >7LPHIUDPH IRU LPSOHPHQWDWLRQ \HDUV@ $GGLWLRQDO LPSOHPHQWDWLRQ ZRUN ZLOO DGGUHVV WKH IROORZLQJ +RZ WR LQWHJUDWH &RPSOHWH 6WUHHWV ZLWK RWKHU &LW\ GLUHFWLYHV VXFK DV 7KH :LQWHU &LWLHV 6WUDWH JLHV 7KH FRQFHSW RI ´:KLWH RI :D\Vµ PD\ KDYH LPSOLFDWLRQV RQ WKH GHVLJQ RI URDGZD\ ULJKW RI ZD\ GHVLJQ )XWXUH LQWHJUDWLRQ RI SDUNV DQG SDWKZD\V SURMHFWV FRXOG EH DQ RSSRUWXQLW\ WR HOHYDWH SDWKZD\ GHVLJQ WR &RPSOHWH 6WUHHWV VWDQGDUGV H J SDWKZD\ OLJKWLQJ DV ZHOO DV WR LGHQWLI\ RU FRQVWUXFW PLVVLQJ OLQNV LQ WKH SHGHVWULDQ DQG F\FOLQJ QHWZRUN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

,QYHVWLJDWLRQ LQWR WKH LPSOLFDWLRQV RI DSSOLFDWLRQ RI WKH &RPSOHWH 6WUHHWV *XLGHOLQHV DURXQG VFKRRO VLWHV 7KH GHYHORSPHQW RI D %ULGJH ,QYHVWPHQW 6WUDWHJ\ WKDW LQFOXGHV EULGJH GHVLJQ HOHPHQWV WKDW LPSOHPHQW &RPSOHWH 6WUHHWV 3ULQFLSOHV ,QWHJUDWLRQ ZLWK 6XVWDLQDEOH 7UDQVSRUWDWLRQ·V $FWLYH 7UDQVSRU WDWLRQ 0DLQWHQDQFH *XLGHOLQHV WR EH GHYHORSHG LQ DQG %LNHZD\ 'HVLJQ *XLGHOLQHV IRU (GPRQWRQ WR EH GHYHORSHG LQ WR HQVXUH FRPSDWLELOLW\ DQG FRQVLVWHQF\ ,QYHVWLJDWLRQ RI UHODWLRQVKLS EHWZHHQ GHVLJQ VSHHG DQG URDGZD\ RSHUDWLQJ FKDUDFWHULVWLFV WR EH GRQH MRLQWO\ ZLWK WKH 2IÀFH RI 7UDIÀF 6DIHW\

)XWXUH (OHPHQW ,QYHVWLJDWLRQV >7LPHIUDPH IRU LPSOHPHQWDWLRQ \HDUV@ 7KH &RPSOHWH 6WUHHWV *XLGHOLQHV LV D ¶OLYLQJ GRFXPHQW· DQG ZLOO EH UHYLHZHG DQQXDOO\ DQG DPHQGHG RYHU WLPH WR UHÁHFW QHZ WKLQNLQJ DQG NHHS XS WR GDWH ZLWK EHVW SUDFWLFHV ,Q DGGLWLRQ LW PD\ EH QHFHVVDU\ IRU WKH &LW\ WR ZRUN ZLWK 7$& WR UHYLVH DQG RU GHYHORS EHVW SUDFWLFHV IRU &DQDGD IRU &RPSOHWH 6WUHHWV 'HVLJQ 6RPH RI WKH HOH PHQWV WKDW UHTXLUH IXUWKHU LQYHVWL JDWLRQ DQG GHYHORSPHQW LQFOXGH 8SGDWHV WR ELF\FOH IDFLOLWLHV JXLGDQFH WR VWD\ FXUUHQW ZLWK UDSLG FKDQJH LQ WKLV ÀHOG

6WRUP ZDWHU PDQDJHPHQW WRROV IRU XVH ZLWKLQ WKH URDGZD\ ULJKW RI ZD\ VXFK DV /RZ ,PSDFW 'HYHORSPHQW /,' 6XFK WRROV FDQ KHOS HQYLURQPHQWDO SUREOHPV DVVRFLDWHG ZLWK UXQRII DV ZHOO HQKDQFH WKH DHVWKHWLFV RI D VWUHHW 7UDIÀF &DOPLQJ PHDVXUHV LQFOXG LQJ D URXQGDERXW HOHPHQW IRU WKH *XLGHOLQHV 6SHFLDO SDYLQJ WUHDWPHQWV LQFOXGLQJ GHYHORSPHQW RI D PDWHULDO VHOHFWLRQ WRRO 3DYLQJ FDQ EH XVHG WR GHÀQH DQG YLVXDOO\ HQKDQFH VSDFHV DQG YLVXDOO\ FODULI\ KLHUDUFKLHV LQ SXEOLF VSDFHV

$OOH\ GHVLJQ JXLGDQFH

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

2QH ZD\ VWUHHW GHVLJQ JXLGDQFH

8SGDWH 'HVLJQ DQG &RQVWUXFWLRQ 6WDQGDUGV

%XV VWRS SDG FRQVWUXFWLRQ WLPLQJ DQG ÁH[LELOLW\ LQ ORFDWLRQ

>7LPHIUDPH IRU LPSOHPHQWDWLRQ \HDUV@

8QGHUWDNH SUH DQG SRVW LPSOH PHQWDWLRQ DQDO\VLV RI QHZ VWUHHW HOHPHQWV EHLQJ LQWURGXFHG E\ WKH &RPSOHWH 6WUHHWV *XLGHOLQHV H J QDUURZHU WUDYHO ODQHV QHZ ELNH IDFLOLWLHV VXFK DV F\FOH WUDFNV HWF WR EHWWHU XQGHUVWDQG WKHLU LPSDFWV

7KH 'HVLJQ DQG &RQVWUXFWLRQ 6WDQGDUGV IRU URDGZD\V ZLOO EH XSGDWHG WR LQFRUSRUDWH WKH ÁH[LEOH DSSURDFK RXWOLQHG LQ WKH &RPSOHWH 6WUHHWV *XLGHOLQHV 7KH WLPLQJ RI WKLV XSGDWH DV ZHOO DV WKH H[WHQW RI ZKHUH WKH XSGDWH ZLOO DSSO\ ZLOO EH UDWLRQDOL]HG LQ FROODERUDWLRQ ZLWK WKH GHYHORSPHQW LQGXVWU\ LQWHUQDO VWDNHKROGHUV DQG UHOHYDQW XWLOLW\ VWDNHKROGHUV DQG GHSDUW PHQWV 7KLV ZLOO QRW EH GRQH XQWLO WKH *UHHQÀHOG ,PSOHPHQWDWLRQ &RVW (IÀFLHQF\ $QDO\VLV DQG (GXFDWLRQ DQG 2XWUHDFK IRU FLW\ VWDII DQG LQGXVWU\ DUH FRPSOHWHG DV RXWOLQHG LQ 6HFWLRQV DQG DERYH

8WLOLWLHV DQG /DQGVFDSLQJ >7LPHIUDPH IRU LPSOHPHQWDWLRQ \HDUV@ 7KLV ZLOO HQWDLO FROODERUDWLRQ ZLWK XWLOLW\ SURYLGHUV WR LQYHVWLJDWH QHZ XWLOLW\ DUUDQJHPHQWV WKDW FRQWLQXH WR VDWLVI\ XWLOLW\ UHTXLUHPHQWV 7KH UHVXOWV RI WKLV SURFHVV FRXOG LQYROYH XSGDWLQJ URDG ULJKW RI ZD\ UHTXLUH PHQWV RU VXSSRUW RWKHU &RPSOHWH 6WUHHWV SULQFLSOHV


$33(1',; $ 81'(567$1',1* 7+( *8,'(/,1(6 )25 &,7,=(16

3+272 &5(',7 0$&. 0$/(


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

81'(567$1',1* 7+( *8,'(/,1(6 )25 &,7,=(16

7KLV GRFXPHQW KDV EHHQ ZULWWHQ WR EH DV DFFHVVLEOH DV SRVVLEOH WR WKH JHQHUDO SXEOLF ZKLOH DOVR SURYLGLQJ FOHDU JXLGDQFH WR VWUHHW GHVLJQHUV ,QHYLWDEO\ WKHUH ZLOO EH WHUPV RU VSHFLÀFDWLRQV ZLWKLQ WKH *XLGHOLQHV WKDW PD\ EH XQIDPLOLDU IRU UHDGHUV ZKR DUH QRW LQYROYHG ZLWK VWUHHW GHVLJQ :LWK WKDW LQ PLQG ZH KDYH SURYLGHG VRPH UHVRXUFHV WR DLG FLWL]HQV LQ XQGHUVWDQGLQJ WHFKQLFDO WHUPV WR EHWWHU XQGHUVWDQG WKH GLIIHUHQW DVSHFWV RI WKH VWUHHW GHVLJQ SURFHVV DQG WR XQGHUVWDQG WKH GLIIHUHQW HOHPHQWV RI D VWUHHW

7HFKQLFDO 7HUPV

$ JORVVDU\ GHVFULELQJ D ZLGH UDQJH RI WHUPV XVHG LQ WKH *XLGHOLQHV FDQ EH IRXQG LQ $SSHQGL[ % DW WKH HQG RI WKH GRFXPHQW

7KH 6WUHHW 'HVLJQ 3URFHVV

,Q JHQHUDO WHUPV WKH KLVWRULFDO VWUHHW GHVLJQ SURFHVV LQ (GPRQWRQ LQYROYHV WKH LGHQWLÀ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

'HVLJQHUV ZLOO QRZ EH H[SHFWHG WR FRQVLGHU LQ JUHDWHU GHWDLO ZKDW WKH ODQG XVH FRQWH[W RI WKH VWUHHW LV DQG ZKDW UROH WKH VWUHHW LV H[SHFWHG WR SOD\ IRU HDFK PRGH RI WUDYHO (DFK VWUHHW ZLOO KDYH LWV RZQ GHÀQHG PRGDO SULRULW\ RQ VRPH VWUHHWV SHGHVWULDQV ZLOO EH LGHQWL ÀHG WR EH WKH KLJKHVW SULRULW\ RQ RWKHUV ELF\FOHV WUDQVLW WUXFNV RU DXWRPRELOHV ,Q VLWXDWLRQV ZKHUH WKH DPRXQW RI VWUHHW ZLGWK LV LQVXIÀFLHQW WR SURYLGH HDFK PRGH ZLWK LWV LGHDO IDFLOLW\ WKHVH PRGDO SURÀOHV ZLOO JXLGH GHVLJQHUV DV WR ZKHUH GHVLJQ WUDGHRIIV VKRXOG EH PDGH ÀUVW 7KH UHVXOW RI WKLV UHYLVHG VWUHHW GHVLJQ SURFHVV ZLOO EH GHVLJQV WKDW DUH VHQVLWLYH WR WKHLU FRQWH[W DQG SURYLGH PRUH FRPSOHWH QHWZRUNV DFURVV WKH FLW\ IRU DOO PRGHV RI WUDYHO


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

(OHPHQWV RI D 6WUHHW

$ VWUHHW LV PRUH WKDQ MXVW WKH KDUG VXUIDFH RQ ZKLFK YHKLFOHV PRYH LW LQFOXGHV DOO RI WKH SXEOLFO\ RZQHG VSDFH LQ EHWZHHQ SULYDWH SURSHUW\ OLQHV IURP VLGHZDONV DQG WUHHG ERXOHYDUGV WR VWUHHW IXUQLWXUH VXFK DV EHQFKHV DQG QHZVSDSHU ER[HV WR WKH URDGZD\ VXUIDFH LWVHOI 7KH URDGZD\ VXUIDFH FDQ EH GHVLJQHG WR DFFRPPRGDWH PXOWLSOH PRGHV RI WUDYHO IURP WUDQVLW DQG WUXFNV WR SULYDWH YHKLFOHV DQG ELF\FOHV 6WUHHW GHVLJQHUV KDYH GHÀ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ÀF ZLWKRXW REVWUXFWLRQ )URQWDJH =RQH WKLV LV DQ DUHD EHWZHHQ WKH IURQW RI EXLOGLQJV DQG WKH 7KURXJK =RQH RI WKH VLGHZDON WKDW SHUPLWV RXWGRRU DFWLYLWLHV VXFK DV RXWGRRU SDWLR VHDWLQJ IRU UHVWDXUDQWV RXWGRRU UHWDLO GLVSOD\V IRU VWRUHV RU RWKHU H[WHQVLRQV RI DFWLYLWLHV IURP LQVLGH RI EXLOGLQJV WKDW PD\ LQWHUDFW ZLWK SXEOLF VSDFH 3ODQQLQJ IRU WKLV W\SH RI DUHD LV SULPDULO\ D FRQVLGHUDWLRQ LQ VWUHHWV VHUYLQJ SHGHVWULDQ RUL HQWHG FRPPHUFLDO DUHDV

)XUQLVKLQJ =RQH WKLV LV DQ DUHD RI D VWUHHW XVXDOO\ ORFDWHG EHWZHHQ WKH WKURXJK ]RQH DQG WKH URDG VXUIDFH GHVLJQDWHG IRU EHQFKHV OLJKW SROHV WUDQVIRUPHUV ÀUH K\GUDQWV DQG RWKHU ´VWUHHW IXUQLWXUHµ

7UDYHO /DQHV RI YDU\LQJ ZLGWKV GHSHQGLQJ RQ FRQWH[W DQG ZKHWKHU RU QRW WUDQVLW RU JRRGV YHKLFOHV ZLOO EH IUHTXHQWO\ XVLQJ WKH VWUHHW WKHVH DUH WKH GULYLQJ ODQHV WR EH IRXQG RQ HYHU\ URDGZD\

(GJH =RQH WKLV DUHD LQFOXGHV WKH FXUE DQG JXWWHU EXW PD\ DOVR EH ZLGH HQRXJK WR SURYLGH VSDFH IRU SORZHG VQRZ WR SLOH XS LQ ZLQWHU RU IRU RWKHU VWUHHW SXUSRVHV

&HQWUH 0HGLDQ 7XUQ /DQH PRVW W\SLFDOO\ D SDUW RI ODUJH DUWHULDO URDGZD\V FHQWUH PHGLDQV DQG WXUQ ODQHV FDQ EH IRXQG ZKHUH VXIÀFLHQW WUDIÀF YROXPHV DQG VSHHGV MXVWLI\ VHSDUDWLQJ WKH WZR GLUHFWLRQV RI WUDIÀF IURP HDFK RWKHU DOORZLQJ WXUQLQJ YHKLFOHV WR SXOO RXW RI WKH PDLQ ÁRZ RI WUDIÀF DQG RU LI WKH ZLGWK RI WKH VWUHHW DOORZV IRU ODQGVFDSLQJ LQ WKH FHQWUH RI WKH URDGZD\

$ &\FOH 7UDFN D UHODWLYHO\ QHZ W\SH RI GHGLFDWHG F\FOLQJ IDFLOLW\ PD\ EH ORFDWHG EHWZHHQ WKH )XUQLVKLQJ =RQH DQG WKH (GJH =RQH RQ VWUHHWV ZKHUH LW LV GHVLUDEOH WR VHSDUDWH ELNH WUDIÀF IURP DXWRPRELOH WUDIÀF $ F\FOH WUDFN PD\ DOVR EH ORFDWHG RQ WKH URDGZD\ VXUIDFH QH[W WR D SDUNLQJ RU WUDYHO ODQH

2Q WKH URDGZD\ VXUIDFH LWVHOI SRVVLEOH HOHPHQWV RI D VWUHHW LQFOXGH WKH IROORZLQJ &XUEVLGH 3DUNLQJ /RDGLQJ HVSHFLDOO\ LPSRUWDQW LQ UHVLGHQ WLDO DUHDV DQG FRPPHUFLDO DUHDV ZKHUH EXLOGLQJV DUH EXLOW WR WKH IURQW SURSHUW\ OLQH WKLV SRUWLRQ RI WKH URDGZD\ VXUIDFH DOORZV IRU RQ VWUHHW SDUNLQJ ORDGLQJ DUHDV IRU WUXFNV DQG WUDQVLW VWRSV %LNH /DQH WKLV W\SH RI GHGLFDWHG F\FOLQJ IDFLOLW\ FRXOG EH IRXQG RQ VWUHHWV ZKHUH LW LV GHVLUDEOH WR SODFH ELNH WUDIÀF VLGH E\ VLGH ZLWK DXWRPRELOH WUDIÀF 'HGLFDWHG %XV /DQH ORFDWHG RQ VWUHHWV ZKHUH VPRRWKHU PRYH PHQW RI WUDQVLW YHKLFOHV LV D KLJK SULRULW\ GHGLFDWHG EXV ODQHV DUH W\SLFDOO\ ORFDWHG LQ WKH RXWVLGH ODQH RI D URDGZD\ FORVHVW WR WKH FXUE

'HSHQGLQJ RQ WKH FRQWH[W DQG GHVLUHG IXQFWLRQ RI WKH VWUHHW VWUHHW GHVLJQHUV ZLOO VHOHFW DSSUR SULDWHO\ IURP WKLV UDQJH RI HOH PHQWV WR FRPH XS ZLWK D À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


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN

7KLV SDJH LQWHQWLRQDOO\ EODQN


$33(1',; % */266$5<


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

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ÀF EHWZHHQ DUHDV ´WKURXJKµ WUDIÀF ZLWK IHZHU DFFHVV RSSRUWXQLWLHV WR DGMDFHQW GHYHORSPHQWV DQG DUH GHÀQHG E\ WKH 7UDQVSRUWDWLRQ 6\VWHP %\ODZ %DUULHU IUHH $ GHVLJQ FKDUDFWHULV WLF WKDW PD[LPL]HV DFFHVVLELOLW\ IRU SHUVRQV ZLWK SK\VLFDO RU FRJQLWLYH GLIÀFXOWLHV &DSDFLW\ 5RDGZD\ 0D[LPXP KRXUO\ UDWH DW ZKLFK YHKLFOHV FDQ UHDVRQDEO\ EH H[SHFWHG WR SDVV D JLYHQ SRLQW JLYHQ SUHYDLOLQJ URDGZD\ WUDIÀF DQG FRQWURO FRQGLWLRQV

&ROOHFWRU 5RDGV 3URYLGH QHLJK ERXUKRRG WUDYHO EHWZHHQ ORFDO DQG DUWHULDO URDGV DQG GLUHFW DFFHVV WR DGMDFHQW ODQGV %XVHV JHQHUDOO\ RSHUDWH RQ FROOHFWRU URDGV ZLWKLQ QHLJKERXUKRRGV &RPPXQLW\ 7UDIÀF 0DQDJH PHQW 3URFHVVHV DQG WHFKQLTXHV WR PLWLJDWH ORFDWLRQV ZKHUH H[FHV VLYH YROXPHV RI VKRUWFXWWLQJ WUDIÀF DQG KLJK VSHHGV DIIHFW WKH VDIHW\ DQG OLYDELOLW\ RI D QHLJKERXUKRRG ´6KRUWFXWWLQJµ WUDIÀF DUH QRW UHVLGHQWV RI WKH FRPPXQLW\ QRU GR WKH\ KDYH D GHVWLQDWLRQ ZLWKLQ WKH QHLJKERXUKRRG (QJLQHHULQJ VROXWLRQV DUH LPSOHPHQWHG WR PLQLPL]H DFFHVV IRU WKURXJK WUDIÀF DQG WR PDNH QHLJKERXUKRRG URDGV XQGHVLUDEOH DV VKRUWFXWV 7KH SURFHGXUH SURYLGHV D KROLVWLF DSSURDFK LQ LQYHVWLJDWLQJ WKH FDXVHV RI WKH SUREOHP WKH LPPHGL DWH DUHD DV ZHOO DV DGMDFHQW QHLJKERXUKRRGV DQG FRUULGRUV &RPSOHWH 6WUHHW (OHPHQWV $ WRRO NLW RI GHVLJQ IHDWXUHV WKDW FDQ EH XVHG WR LPSURYH FRPIRUW VDIHW\ DQG HIÀ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

LQFLGHQFH DQG IHDU RI FULPH DQG LPSURYH WKH TXDOLW\ RI OLIH (PSKD VLV LV SODFHG RQ WKH SK\VLFDO HQYL URQPHQW SURGXFWLYH XVH RI VSDFH DQG EHKDYLRXU RI SHRSOH WR FUHDWH HQYLURQPHQWV WKDW DUH DEVHQW RI HQYLURQPHQWDO FXHV WKDW FDXVH RSSRUWXQLWLHV IRU FULPH WR RFFXU 'DQJHURXV *RRGV 5RXWH '*5 $ URXWH ZKLFK LV SDUW RI WKH &LW\·V 7UXFN 5RXWH V\VWHP GHVLJQDWHG IRU KHDY\ YHKLFOHV FDUU\LQJ VSHFLÀHG GDQJHURXV JRRGV 'HQVLW\ 7KH QXPEHU RI GZHOOLQJ XQLWV VTXDUH PHWUHV RI ÁRRU VSDFH RU SHRSOH SHU DFUH RU KHFWDUH RI ODQG 'HVLJQ 'RPDLQ 'HVLJQ GRPDLQ LV D GHVLJQ DSSURDFK GHVFULEHG LQ WKH 7$& *HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 6HFWLRQ ZKLFK HVWDEOLVKHV WKDW D JLYHQ GHVLJQ SDUDPHWHU H J ODQH ZLGWK FDQ YDU\ ZLWKLQ D UDQJH RI YDOXHV 7\SLFDOO\ WKH GHVLJQ GRPDLQ LV WKH SUDFWLFDO UDQJH RI YDOXHV WKDW IDOOV VRPHZKHUH EHWZHHQ WKH DEVROXWH ORZHU OLPLW DQG WKH DEVROXWH XSSHU OLPLW IRU WKH GHVLJQ SDUDPHWHU 'HVLJQ 6SHHG $V GHÀQHG LQ WKH 7$& *HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 6HFWLRQ GHVLJQ VSHHG LV WKH VSHHG VHOHFWHG DV D EDVLV WR HVWDEOLVK DSSURSULDWH JHRPHWULF GHVLJQ HOHPHQWV IRU D SDUWLFXODU VHFWLRQ RI URDG 'HVLJQLQJ 1HZ 1HLJKERXU KRRGV 'HVLJQLQJ 1HZ 1HLJKERXU KRRGV LV WKH QDPH RI D QHZ VHW RI JXLGHOLQHV IRU (GPRQWRQ·V GHYHORS LQJ FRPPXQLWLHV WR EH DSSURYHG E\ &LW\ &RXQFLO LQ 7KHVH JXLGH OLQHV ZLOO LQIRUP WKH SK\VLFDO VWUXFWXUH DQG OD\RXW RI EUDQG QHZ QHLJKERXUKRRGV LQ (GPRQWRQ·V 8UEDQ *URZWK $UHDV HVWDEOLVK D FROOHFWLYH YLVLRQ IRU RXU FRPPXQL WLHV DQG HQFRXUDJH WKHP WR


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

GHYHORS LQ ZD\V WKDW DUH XQLTXH LQQRYDWLYH DQG VXVWDLQDEOH )UHTXHQF\ 7UDQVLW 7KH QXPEHU RI WUDQVLW XQLWV EXVHV RU WUDLQV RQ D JLYHQ URXWH RU OLQH PRYLQJ LQ WKH VDPH GLUHFWLRQ WKDW SDVV D JLYHQ SRLQW ZLWKLQ D VSHFLÀHG LQWHUYDO RI WLPH XVXDOO\ KRXU )XQFWLRQDO &ODVVLÀFDWLRQ )XQF WLRQDO FODVVLÀFDWLRQ LV WKH SURFHVV E\ ZKLFK VWUHHWV DQG KLJKZD\V DUH JURXSHG LQWR FODVVHV DFFRUGLQJ WR WKH ODQG XVH VHUYLFH IXQFWLRQ WUDIÀF YROXPH DQG VSHHG ÁRZ FKDUDFWHULVWLFV YHKLFOH W\SH DQG FRQQHFWLRQV *HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV $ SXEOLFDWLRQ RI WKH 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD 7$& *HQHUDOO\ FRQVLGHUHG D SULPDU\ UHIHUHQFH LQIRUPLQJ WKH GHVLJQ RI URDGV LQ &DQDGD SDUWLFX ODUO\ LQ WKH DEVHQFH RI ORFDOO\ GHÀQHG GHVLJQ JXLGDQFH WKDW PD\ KDYH EHHQ HVWDEOLVKHG LQ D SDUWLFX ODU MXULVGLFWLRQ *RRGV 0RYHPHQW 7KH WUDQVSRUWD WLRQ RI JRRGV IUHLJKW RU FRPPRGL WLHV E\ URDG UDLO RU DLU *UHHQÀHOG 'HYHORSPHQW 8UEDQ GHYHORSPHQW ZKHUH WKHUH LV QR QHHG WR GHPROLVK RU UHEXLOG DQ\ H[LVWLQJ VWUXFWXUHV 7\SLFDOO\ WKLV GHYHORSPHQW RFFXUV RQ WKH SHULSK HU\ RI WKH &LW\ RI (GPRQWRQ +LJK 2FFXSDQF\ 9HKLFOH +29 $ YHKLFOH RFFXSLHG E\ PXOWLSOH RFFXSDQWV XVXDOO\ RU PRUH RFFXSDQWV 2IWHQ +29V DUH GHÀQHG E\ D ORFDO UHJXODWLRQ RU VLJQ LQGLFDWLQJ KRZ PDQ\ RFFXSDQWV DUH UHTXLUHG IRU WKH YHKLFOH WR EH DEOH WR WUDYHO LQ D VHSDUDWH ODQH IRU +29V %XVHV DUH XVXDOO\ FRQVLGHUHG +29V LQ WKLV FRQWH[W

+LJK 7UXFN 9ROXPH 6WUHHW )RU WKH SXUSRVH RI WKH &RPSOHWH 6WUHHWV *XLGHOLQHV D +LJK 7UXFN 9ROXPH 6WUHHW LV GHÀQHG DV D VWUHHW ZLWK JUHDWHU WKDQ WUXFNV DQG RU D KLJK IUHTXHQF\ RI LQWHUDFWLRQV ! WUXFNV GD\ $ +LJK 7UXFN 9ROXPH 6WUHHW PD\ RU PD\ QRW EH DQ RIÀFLDO 7UXFN 5RXWH DV GHÀQHG LQ WKH 7UDQVSRUWDWLRQ 6\VWHP %\ODZ /HYHO RI 6HUYLFH /26 $Q LQGLFDWRU RI WKH TXDOLW\ RI RSHUDWLQJ FRQGLWLRQV IRU WKH WUDQVSRUWDWLRQ V\VWHP WKDW PD\ EH DSSOLHG WR F\FOLQJ RU ZDONLQJ IDFLOLWLHV WR UHÁHFW FRQQHFWLYLW\ FRQYHQLHQFH DQG FRPIRUW WUDQVLW VHUYLFH WR UHÁHFW VSHHG UHOLDELOLW\ IUHTXHQF\ DQG SDVVHQJHU FRPIRUW RU URDG ZD\V WR UHÁHFW WKH UDWLR RI YHKLFOH GHPDQG WR URDGZD\ FDSDFLW\ DQG UHVXOWDQW GHOD\ /LQN 7KH UROH RI WKH VWUHHW LQ VHUYLQJ DV D IDFLOLW\ IRU WKH PRYH PHQW RI SHRSOH WKURXJK WKH FRUULGRU ,QYROYLQJ (GPRQWRQ ,QYROYLQJ (GPRQWRQ LV WKH &LW\·V SXEOLF LQYROYHPHQW IUDPHZRUN ZKLFK GHÀQHV WKH VWUDWHJLF DSSURDFK WR EH XVHG LQ DOO &LW\ SXEOLF LQYROYH PHQW SURFHVVHV 7KH )UDPHZRUN LQFOXGHV WKH &RUH &RPPLWPHQWV DQG 6WDQGDUGV RI 3UDFWLFH WKH 6SHFWUXP RI 3XEOLF ,QYROYHPHQW DQG WKH 3XEOLF ,QYROYHPHQW 5RDG 0DS ,W LV EDVHG RQ WKUHH NH\ IHDWXUHV FOHDU SXUSRVH FRQVLVWHQW DSSURDFK DQG FRPPLWPHQW WR LQYROYH /RFDO 5RDGV 3URYLGH GLUHFW DFFHVV WR DGMDFHQW ODQGV DQG VHUYH QHLJK ERXUKRRG WUDYHO

0RGDO 3ULRULWLHV $ UDQNLQJ RI WUDQVSRUWDWLRQ PRGHV RUGHU WR LGHQWLI\ ZKLFK PRGH VKRXOG EH JLYHQ KLJKHU FRQVLGHUDWLRQ LQ GHFLVLRQV FRQFHUQLQJ SK\VLFDO GHVLJQ DQG RSHUDWLRQV 0RGDO 3ULRULW\ 1HWZRUNV 0RGDO SULRULW\ QHWZRUNV DUH LQ SUHSDUD WLRQ E\ WKH &LW\ RI (GPRQWRQ IRU H[LVWLQJ DQG IXWXUH GHYHORSHG DUHDV RI (GPRQWRQ GHÀQLQJ WKH ORFDWLRQV RI PXOWL PRGDO URXWHV DQG FRQQHF WLRQV DW D FLW\ ZLGH VFDOH RI LQÁX HQFH 7KH PRGDO SULRULW\ QHWZRUNV LQ PDQ\ FDVHV ZLOO EXLOG RQ H[LVWLQJ QHWZRUN GHÀ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ÀHG FRUULGRU RU ORFDWLRQ 7KH PHDVXUH FRQVLGHUV MRXUQH\ TXDOLW\


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

1$&72 1DWLRQDO $VVRFLDWLRQ RI &LW\ 7UDQVSRUWDWLRQ 2IÀFLDOV 1$&72 LV DQ DVVRFLDWLRQ RI VL[WHHQ RI WKH ODUJHVW 86 FLWLHV ZLWK D PLVVLRQ WR SURYLGH LQWHUDFWLRQ ZLWK RWKHU FLWLHV RQ EHVW SUDFWLFHV ZKLOH SURYLGLQJ D IRUXP IRU D XQLÀ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ÀF &RQWURO 'HYLFHV 087&' $OO RI WKH 1$&72 8UEDQ %LNHZD\ 'HVLJQ *XLGH WUHDWPHQWV DUH LQ XVH LQWHUQDWLRQ DOO\ DQG LQ PDQ\ FLWLHV DURXQG WKH 86 DQG &DQDGD 1HLJKERXUKRRG $ UHVLGHQWLDO DUHD ZLWK DQ DSSURSULDWH PL[ RI KRXVLQJ W\SHV ZLWK FRQYHQLHQFH W\SH FRPPHUFLDO IDFLOLWLHV DQG ZKHUH DSSURSULDWH VFKRROV RU SDUN IDFLOLWLHV 2SHUDWLQJ 6SHHG 7KH SUHYDLOLQJ VSHHG RI WUDIÀF RQ D WUDQVSRUWDWLRQ IDFLOLW\ 7\SLFDOO\ TXDQWLÀHG DV WKH WK SHUFHQWLOH VSHHG L H WKH VSHHG DW ZKLFK SHU FHQW RI YHKLFOHV DUH WUDYHOOLQJ DW RU EHORZ

3HGHVWULDQ )ULHQGO\ 6HH :DONDEOH 3HGHVWULDQ 2ULHQWHG 6HH :DONDEOH 3ODFH 7KH UROH RI WKH VWUHHW LQ VHUYLQJ DV D GHVWLQDWLRQ IRU SHRSOH WR VSHQG WLPH 3ODFHPDNLQJ 3ODFHPDNLQJ LV WKH SURFHVV RI FUHDWLQJ VSDFHV VXFK DV VTXDUHV SOD]DV SDUNV DQG VWUHHWV WKDW ZLOO DWWUDFW SHRSOH EHFDXVH WKH\ DUH SOHDVXUDEOH RU LQWHUHVWLQJ 6RXUFH :LNLSHGLD

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

6KDUHG 8VH 3DWK $ IDFLOLW\ IRU DFWLYH WUDQVSRUWDWLRQ PRGHV LQFOXGLQJ ZDONLQJ ZKHHO FKDLU XVH MRJJLQJ F\FOLQJ DQG LQ OLQH VNDWLQJ ZKLFK LV JHQHUDOO\ FRQVWUXFWHG WR D ZLGHU DVSKDOW VWDQGDUG EXW PD\ EH FRQFUHWH RU JUDQXODU 6SHHG /LPLW 7KH OHJDOO\ GHÀQHG PD[LPXP VSHHG RI YHKLFOHV RQ D WUDQVSRUWDWLRQ IDFLOLW\ ,Q (GPRQ WRQ VSHHG OLPLWV DUH GHÀQHG E\ WKH 6SHHG =RQHV %\ODZ 7KH VSHHG OLPLW LV VRPHWLPHV UHIHUUHG WR DV WKH 3RVWHG 6SHHG WKRXJK QRW DOO VSHHG OLPLWV DUH ´SRVWHGµ VLQFH WKH GHIDXOW VSHHG OLPLW RQ DOO VWUHHWV ZLWKLQ (GPRQWRQ LV NP K DV SHU WKH SURYLQFLDO 7UDIÀF 6DIHW\ $FW XQOHVV RWKHUZLVH GHÀQHG E\ WKH 6SHHG =RQHV %\ODZ 6SHHG 0DQDJHPHQW 3URFHVVHV DQG WHFKQLTXHV WR SUHVHUYH QHLJK ERXUKRRG OLYDELOLW\ E\ PLWLJDWLQJ H[FHVVLYH WUDIÀF VSHHGV LQ QHLJK ERXUKRRGV ZKHUH WUDIÀF YROXPH RU ´VKRUWFXWWLQJµ LV QRW WKH FRQFHUQ $Q HGXFDWLRQ ÀUVW DSSURDFK LV XVHG WR UDLVH DZDUHQHVV ZLWKLQ WKH QHLJKERXUKRRG (QIRUFHPHQW RU HQJLQHHULQJ PHDVXUHV PD\ EH LPSOHPHQWHG ZKHUH HGXFDWLRQ SURJUDPV SURYH WR EH LQHIIHFWLYH 6WUHHW 7\SH 'HÀQHV D VWUHHW WDNLQJ LQWR FRQVLGHUDWLRQ WKH ODQG XVH FRQWH[W UHODWLRQVKLS RI EXLOG LQJV WR WKH VWUHHW DQG WKH QXPEHU RI WUDYHO ODQHV YROXPH W\SH DQG VSHHG RI WUDIÀF 6WUHHWVFDSH $OO WKH HOHPHQWV WKDW PDNH XS WKH SK\VLFDO HQYLURQPHQW RI D VWUHHW DQG GHÀQH LWV FKDUDFWHU LQFOXGLQJ WKH URDG ERXOHYDUG VLGHZDON EXLOGLQJ VHWEDFNV KHLJKW DQG VW\OH ,W DOVR LQFOXGHV SDYLQJ WUHDWPHQWV WUHHV OLJKWLQJ SHGHV WULDQ DPHQLWLHV DQG VWUHHW IXUQLWXUH


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7$& 7UDQVSRUWDWLRQ $VVRFLDWLRQ RI &DQDGD $ QDWLRQDO DVVRFLDWLRQ ZLWK D PLVVLRQ WR SURPRWH WKH SURYLVLRQ RI VDIH VHFXUH HIÀFLHQW HIIHFWLYH DQG HQYLURQPHQWDOO\ DQG ÀQDQFLDOO\ VXVWDLQDEOH WUDQVSRUWDWLRQ IDFLOL WLHV ,Q XUEDQ DUHDV 7$&·V SULPDU\ IRFXV LV RQ WKH PRYHPHQW RI SHRSOH JRRGV DQG VHUYLFHV DQG LWV UHODWLRQVKLS ZLWK ODQG XVH SDWWHUQV 2QH RI 7$&·V ÁDJVKLS SXEOLFDWLRQV LV WKH *HRPHWULF 'HVLJQ *XLGH IRU &DQDGLDQ 5RDGV 7$& SXEOLVKHV PDQ\ RWKHU UHOHYDQW GRFXPHQWV LQFOXGLQJ %LNHZD\ 7UDIÀF &RQWURO *XLGHOLQHV IRU &DQDGD 7UDGH 2IIV 7KH SURFHVV RI EDODQFLQJ DQG SULRULWL]LQJ FRPSHW LQJ GHPDQGV ZLWKLQ D FRQVWUDLQHG ULJKW RI ZD\ 7UDIÀF &DOPLQJ 7KH HOHPHQWV RI D VWUHHWVFDSH WKDW DUH GHVLJQHG WR VORZ WKH VSHHG RI WUDIÀ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ÀF

7UDQVLW &HQWUH 7UDQVLW 6WDWLRQ /RFDWLRQV ZKHUH PXOWLSOH EXVHV WUDQVLW FHQWUHV DQG RU /57 WUDLQV WUDQVLW VWDWLRQV FDQ VWRS VLPXOWDQHRXVO\ WR DOORZ WUDQVIHUV EHWZHHQ URXWHV 7UDQVLW 2ULHQWHG 'HYHORSPHQW 72' ,QWHQVLÀHG GHYHORSPHQW DURXQG /57 VWDWLRQV DQG WUDQVLW FHQWUHV ZKLFK FUHDWHV DWWUDFWLYH OLYDEOH DQG FRPSDFW QHLJKERXU KRRGV ZLWK KRXVLQJ MREV VKRSSLQJ FRPPXQLW\ VHUYLFHV DQG UHFUH DWLRQDO RSSRUWXQLWLHV DOO ZLWKLQ FRQYHQLHQW ZDONLQJ GLVWDQFH RI D QRGH $OO 72'V DUH QRW WKH VDPH HDFK GHYHORSPHQW KDV D XQLTXH FRQWH[W DQG PD\ VHUYH GLIIHUHQW SXUSRVHV 6RPH LQWHQVLÀHG DQG PL[HG XVH GHYHORSPHQW ZLOO DOVR RFFXU DORQJ 7UDQVLW $YHQXHV DW D ORZHU OHYHO RI PDJQLWXGH 7UDQVLW 3ULRULW\ 0HDVXUHV 6WUDWH JLHV XVHG WR LQFUHDVH WUDQVLW RSHUDWLQJ VSHHGV DQG RU WUDYHO WLPH UHOLDELOLW\ SDUWLFXODUO\ IRU WUDQVLW VHUYLFHV LQ PL[HG WUDIÀF LQFOXGLQJ WUDIÀ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

MRJJLQJ F\FOLQJ DQG LQ OLQH VNDWLQJ 7UXFN 5RXWH 6\VWHP $ QHWZRUN RI GHVLJQDWHG URDGZD\V WKDW KDYH EHHQ GHVLJQHG DQG FRQVWUXFWHG WR SHUPLW DQG ZLWKVWDQG XVH E\ KHDY\ WUXFNV 6HH DOVR GHÀ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


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

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ÀOO WKHLU OLIH F\FOHV SUHYHQW SRSXODWLRQV IURP EHFRPLQJ IUDJPHQWHG RU LVRODWHG DQG DOOHYLDWH VDIHW\ FRQFHUQV DVVRFLDWHG ZLWK ZLOGOLIH YHKLFOH LQWHUDFWLRQV

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


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN

7KLV SDJH LQWHQWLRQDOO\ EODQN


$33(1',; & $&.12:/('*(0(176


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

7KLV SDJH LQWHQWLRQDOO\ EODQN

7KLV SDJH LQWHQWLRQDOO\ EODQN


(GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV

$FNQRZOHGJHPHQWV 7KH (GPRQWRQ &RPSOHWH 6WUHHWV *XLGHOLQHV ZHUH FUHDWHG DV D UHVXOW RI D KLJKO\ FROODERUDWLYH SURFHVV FRPELQLQJ WKH NQRZO HGJH DQG HIIRUWV RI &LW\ VWDII WKH FRQVXOWLQJ WHDP DQG UHSUHVHQWDWLYHV RI NH\ VWDNHKROGHUV 7KH FRQWULEXWLRQV RI DOO WKHVH SHRSOH DUH JUHDWO\ DSSUHFLDWHG

&LW\ RI (GPRQWRQ

%ULDQ /DWWH 3URMHFW 6SRQVRU

5KRQGD 7RRKH\ 3URMHFW 'LUHFWRU

6WHSKDQLH 0F&DEH 3URMHFW 0DQDJHU

'DQLHO 9ULHQG 6DUDK '\FN 7\OHU *ROO\

6WDQWHF &RQVXOWLQJ /WG

'HDQ &RRSHU &RQVXOWDQW 3URMHFW 0DQDJHU

5\DQ 0DUWLQVRQ 7RP <RXQJ 6KDZQ %UDYHQGHU

$OWD 3ODQQLQJ 'HVLJQ

*DYLQ 'DYLGVRQ $OWD 7HDP /HDG

1LFN )DOER 6WHYH 'XUUDQW &UDLJ :LOOLDPV

7HFKQLFDO 5HYLHZ $GYLVRUV

1DWLRQDO &RPSOHWH 6WUHHWV &RDOLWLRQ 6WHIDQLH 6HVNLQ &KLFDJR /DXUD 6HDUIRVV :DVKLQJWRQ 6PDUW *URZWK $PHULFD 5RJHU 0LOODU :DVKLQJWRQ 'HVLJQLQJ 6WUHHWV )RU 3HRSOH 0LFKDHO 5RQNLQ *HQHYD 0DWKHZV 1LHOVHQ /DQGVFDSH $UFKLWHFWV 6LJQH 1LHOVHQ 1HZ <RUN

6WDNHKROGHU 5HSUHVHQWDWLYHV

8UEDQ 'HYHORSPHQW ,QVWLWXWH RI (GPRQWRQ (GPRQWRQ )HGHUDWLRQ RI &RPPXQLW\ /HDJXHV &HQ WUDO $UHD &RXQFLO RI &RPPXQLW\ /HDJXHV 3XEOLF &RQWULEXWRUV RQOLQH DQG RSHQ KRXVHV

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


Implementation Plan | June 2012

174

City of Edmonton, Transportation Planning 13th Floor, Century Place 9803 – 102 A Avenue Edmonton, Alberta, Canada T5J 3A3 780.496.1795

www.edmonton.ca


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.