HomeMy WebLinkAbout2.0_Newport Irvine Medical Center_PA2024-0070CITY OF NEWPORT BEACH
PLANNING COMMISSION STAFF REPORT
January 23, 2025
Agenda Item No. 2
SUBJECT: Newport Irvine Medical Center (PA2024-0070)
▪Major Site Development Review
▪Staff Approval
▪Traffic Study
SITE LOCATION: 3300 Irvine Avenue
APPLICANT: Chad Manista of REDA II, LLC.
OWNER: REDA II, LLC.
PLANNER: Daniel Kopshever, Assistant Planner
(949) 644-3235, dkopshever@newportbeachca.gov
PROJECT SUMMARY
The applicant proposes to remodel and convert an existing three-story professional office
building to medical office. To partially accommodate the increased parking demand from medical
office use, the existing surface parking lot will be restriped and a three-level parking structure
with solar canopy will be constructed.
The following approvals are required to implement the project as proposed:
•Major Site Development Review: To allow an increase in height in accordance with Section
20.52.080 (Site Development Reviews) of the Newport Beach Municipal Code (NBMC) for
the proposed architectural features (i.e., parapets), which are proposed at 41-feet, 6-
inches above existing grade and 45 feet above existing grade, respectively;
•Staff Approval: To waive 61 of the 392 required parking spaces, or 15.5% of the parking
requirement, in accordance with Section 20.40.110(D) (Adjustments to Off-Street Parking
Requirements) of the NBMC; and
•Traffic Study: To consider the projected 1,496 net increase in average daily trips (ADTs),
pursuant to Section 15.40.030(A) (Traffic Phasing Ordinance) of the NBMC.
If approved and implemented, this discretionary approval will supersede Use Permit No. 1939,
which upon approval of the project would be rendered null and void.
RECOMMENDATION
1)Conduct a public hearing;
2)Find this project exempt from the California Environmental Quality Act (CEQA) pursuant to
Section 15332 under Class 32 (In-Fill Development Projects) of the CEQA Guidelines,
because it has no potential to have a significant effect on the environment; and
1
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 2
3) Adopt Resolution No. PC2025-003, approving the Site Development Review, Staff Approval,
and Traffic Study filed as PA2024-0070 (Attachment No. PC 1).
The remainder of this page intentionally left blank.
2
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 3
VICINITY MAP
GENERAL PLAN ZONING
LOCATION GENERAL PLAN ZONING CURRENT USE
ON-SITE General Commercial Office (CO-G) Office-General (OG) Offices
NORTH County of Orange County of Orange Golf Course
EAST CO-G Santa Ana Heights Specific
Plan (SP-7) & OG Offices
SOUTH CO-G SP-7 Offices & Residential
WEST CO-G OG
American Institute of
Architects – Orange
County office
Subject
Property
3
IN
T
E
N
T
I
O
N
A
L
L
Y
B
L
A
N
K
P
A
G
E
4
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 4
INTRODUCTION
Project Setting
The project site is located within the northern portion of the City’s boundaries, adjacent to the
Santa Ana Heights neighborhood and is zoned OG (Office – General). The site is rectangular in
shape, approximately 3.24 acres in size, and bounded by Irvine Avenue to the north, Orchard
Drive to the south, and office developments to both the east and west. Vehicular access to the
property is provided by two driveways adjoining Orchard Drive and by one driveway adjoining
Irvine Avenue. Immediately to the northwest side of the property at 1981 Orchard Drive, there is
a 5,750-gross-square-foot, single-tenant, professional office building occupied by the American
Institute of Architects (AIA) - Orange County. While the AIA site shares vehicular access with
the project through an easement, the AIA site and its 23 dedicated parking spaces are separate
and are not included in, nor affected by, this project.
Figure 1, Oblique aerial image of the AIA site and the project site
Other nearby uses include two- and three-story office buildings, a golf course, and
nonconforming residential uses, both apartments and single-unit dwellings.
Background
The existing building, known as the Newport Irvine Center, was constructed in 1980, as a multi-
tenant, professional office building. The building is approximately 79,581 gross square feet, with
Project Site AIA Site
5
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 5
75,781 square feet of office uses above grade and 3,800 square feet of basement/mechanical
room area. Newport Irvine Center is approximately 70% occupied. The current tenant mix
includes professional office, health/fitness, and a small amount (less than 20%) of medical office.
Original approvals for the building’s construction included a traffic study and a use permit. Use
Permit No. UP1939 (UP1939), approved by the City Council on May 12, 1980, retroactively
allowed for an increase to the maximum height of the building, as the building was inadvertently
approved with an overall height exceeding the 32-foot height limitation of the zoning district and
was already under construction. The building was allowed at a height of 38 feet above finish
grade.
The site was developed with a large 270-space surface parking lot. Existing site landscaping
features turf, low hedges, and some trees. Trees are planted primarily along the property lines
and serve as buffers between adjacent properties.
Project Description
The applicant proposes to convert the Newport Irvine Center into the Newport Irvine Medical
Center, a multi-tenant office building with allowance for up to 100% medical uses. Interior
renovations to the building include remodeling of the existing lobby to create a new atrium-style
lobby with common areas and new stairways between floors. While the footprint of the lobby will
expand, internal changes to create additional volume will result in a 1,352-gross-square-foot
reduction of floor area, reducing the building from 79,581 square feet to 78,229 square feet.
The project also includes significant remodeling to the exterior of the building and new rooftop
architectural features including a decorative glass parapet measuring 41-feet, 6-inches from
existing grade and an entry atrium parapet, measuring 45-feet from existing grade. Development
standards for the OG Zoning District permit a maximum height of 32 feet, unless additional height
is requested in accordance with Sections 20.52.080 (Site Development Reviews) and
20.30.060(C)(2)(d) (Height Limits and Exceptions) of the NBMC.
A three-level parking structure with solar canopy is proposed within the northeast corner of the
property. The structure with canopy is proposed for a maximum height of 28 feet, 3 inches above
grade and will provide 202 parking spaces. The parking structure will connect to the Newport
Irvine Medical Center via a pedestrian access bridge. Construction of the parking structure will
reduce the existing parking supply of the surface lot to 131 spaces. Two additional spaces will
be eliminated for future placement of a generator. The total proposed parking supply (i.e.,
restriped parking lot and parking structure) is 331 spaces, a 61-space increase over existing
conditions. Pursuant to Section 20.40.040 (Off-Street Parking Spaces Required) of the NBMC,
medical offices require one parking space for every 200 square feet of gross floor area. At 78,229
square feet, the project will require 392 parking spaces. Since only 331 parking spaces are
provided, the project requires a 61-space, or 15.5%, parking waiver.
While restriping of the parking lot and the construction of the parking structure will remove some
existing landscaping, landscaping along the northern frontage of the building will be maintained
6
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 6
and landscaping along Orchard Drive will be enhanced with additional trees. A full set of plans
is included as Attachment No. PC 2 (Plans).
Lastly, if the project is approved and implemented, average daily trips (ADTs) are forecasted to
increase by 1,496. Pursuant to Chapter 15.40 (Traffic Phasing Ordinance) of the NBMC, any
project that results in an increase of 300 ADTs or greater within a 24-month period requires the
approval of a traffic study. The traffic study is provided as Exhibit C of Attachment No. PC 1.
DISCUSSION
Analysis
General Plan Consistency
The property is categorized as General Commercial Office (CO-G) by the General Plan Land
Use Element. CO-G is intended to provide areas for administrative, professional, and medical
offices with limited accessory retail and service uses. While other types of professional offices
have incurred higher vacancy rates in a post-COVID-19 environment, medical offices remain in
demand. The project is consistent with the purpose and intent of the CO-G category, as it
enhances and improves the viability of an existing multi-tenant professional office building by
allowing for a higher ratio of medical uses.
Figure LU-11 of the Land Use Element establishes a maximum floor-area-to-land ratio (FAR) of
0.50 for the project site. Implementation of the project would reduce the existing gross floor area
of building from 79,581 square feet to 78,229 square feet and results in an FAR of 0.551.
Therefore, the project would reduce the development intensity to be more consistent with the
intended FAR for the property.
Zoning Code Consistency
The project site is within the OG (Office—General) Zoning District. Chapter 20.70 (Definitions)
of the NBMC defines “Professional Office (Land Use)” as follows: “a use where professional
services (e.g., accounting, architectural, engineering, legal, planning, psychological, psychiatric,
etc.) are provided. Typically, these uses serve visitors on an appointment-only basis and walk-
in traffic is minimal.”
The definition specifically does not include “Assembly/meeting facilities,” “Financial institutions
and related services,” “Office, business,” “Office, medical and dental,” or “Postal services.”
Therefore, the project is a change in land use from professional office to medical office. Table
2-4 (Allowed Uses and Permit Requirements) of Section 20.20.020 (Commercial Zoning Districts
Land Uses and Permit Requirements) provides that a medical office land use is permitted by
right in the OG District. However, because the project deviates from height and parking
requirements and the project exceeds the 300 ADT threshold, as provided Chapter 15.40 (Traffic
1Parking structures do not qualify as gross floor area per Section 20.70 (Definitions) of the NBMC and are not
included in the gross floor area of the building and do not count toward FAR.
7
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 7
Phasing Ordinance) of the NBMC, the discretionary approvals described in the subsequent
sections are required.
Major Site Development Review – Height Increase
Pursuant to Section 20.52.080 (Site Development Reviews) and Subsection 20.30.060(C)(2)(d)
(Height Limits and Exceptions) of the NBMC, the applicant is requesting a height increase for
the new rooftop architectural features, including the decorative glass building parapet,
measuring 41-feet, 6-inches from existing grade, and the entry atrium parapet, measuring 45
feet from existing grade. The project is within the “Nonresidential, Nonshoreline, Height Limit
Area.” In this height limit area, the height of a structure may be increased up to a maximum of
50 feet for a flat roof, or 55 feet for a sloped roof, through the approval of a major site
development review.
Section 20.52.080(F) (Site Development Review, Findings and Decision) of the NBMC requires
the Planning Commission to make the following findings before approving a site development
review:
A. The proposed development is allowed within the subject zoning district;
B. The proposed development is in compliance with all of the following applicable criteria:
i. Compliance with this section, the General Plan, this Zoning Code, any applicable
specific plan, and other applicable criteria and policies related to the use or structure;
ii. The efficient arrangement of structures on the site and the harmonious relationship
of the structures to one another and to other adjacent developments; and whether
the relationship is based on standards of good design;
iii. The compatibility in terms of bulk, scale, and aesthetic treatment of structures on the
site and adjacent developments and public areas;
iv. The adequacy, efficiency, and safety of pedestrian and vehicular access, including
drive aisles, driveways, and parking and loading spaces;
v. The adequacy and efficiency of landscaping and open space areas and the use of
water efficient plant and irrigation materials; and
vi. The protection of significant views from public right(s)-of-way and compliance with
NBMC Section 20.30.100 (Public View Protection); and
C. Not detrimental to the harmonious and orderly growth of the City, nor endangers,
jeopardizes, or otherwise constitutes a hazard to the public convenience, health, interest,
safety, or general welfare of persons residing or working in the neighborhood of the
proposed development.
In addition to the Site Development Review findings found in NBMC Section 20.52.080.F, NBMC
Section 20.30.060.C.3 (Height Limits and Exceptions, Required Findings) requires the following
additional findings to be made:
8
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 8
a. The project applicant is providing additional project amenities beyond those that are
otherwise required. Examples of project amenities include, but are not limited to:
i. Additional landscaped open space;
ii. Increased setback and open areas; and
iii. Enhancement and protection of public views; and
b. The architectural design of the project provides visual interest through the use of light and
shadow, recessed planes, vertical elements, and varied roof planes;
c. The increased height will not result in undesirable or abrupt scale changes or
relationships being created between the proposed structure(s) and existing adjacent
developments or public spaces. Where appropriate, the proposed structure(s) provides a
gradual transition to taller or shorter structures on abutting properties; and
d. The structure will have no more floor area than could have been achieved without the
approval of the height increase.
Staff believes facts to support the findings exist to approve the Site Development Review. These
facts are discussed in detail in the attached draft resolution of approval (Attachment No. PC 1).
The key facts in support of findings are summarized in the following paragraphs.
Landscaping
The project will maintain an existing landscaped area of 26,862 square feet. 2,494 square feet
of landscaping will be rehabilitated, and 495 square feet of new landscaping area will be added
on-site. Landscaping along Orchard Drive, within the public right-of-way, is also proposed and
consists of seven new Brisbane box trees totaling 1,366 square feet. Brisbane box trees can
grow anywhere from 30 to 70 feet tall and reach approximately 25 to 30 feet wide. The projected
height and size of the trees makes for an efficient and adequate method of buffering between
the property and adjacent uses, across Orchard Drive.
Setbacks and Open Space
UP1939 allowed the structure to exceed the base height limit of the OG District with the
justification partially based on the project providing additional open space, as the building mass
was concentrated to the center of the lot. The structure favors vertical construction, rather than
horizontal. The proposed project continues to provide setback areas as an additional amenity
where no setbacks are required and provides additional setback exceeding the minimum
required for the front. The OG zoning district requires a 0-foot front setback, 0-foot interior side
setback, 15-foot street side setback, and a 0-foot rear setback. The project complies with the
required setbacks as it proposes a 39-foot front setback, 10-foot interior side setback, 25-foot
street side setback, and a 2-foot rear setback.
While the footprint of the building will expand at the northern entrance to create the atrium style
lobby, Figure 2 below shows how the expanded lobby creates a visual focal point for the center.
9
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 9
The height increase does not provide additional floor area, and ultimately, gross floor area is
being reduced as part of the project.
Figure 2, Elevation rendering of the new entry lobby, as viewed from Irvine Avenue
The existing open space provided on the site is approximately 113,862 square feet, or 80% of
the property. With construction of the parking structure, less open space will be provided. The
open space will decrease to 80,251 square feet, or 56% of the lot. However, even with the
decrease in open space, over half of the property will be left open and not covered by structures.
Design and Architecture
The project will significantly remodel the exterior façade of the building and upgrade the overall
look of the building. Exterior remodeling includes the addition of cantilevered canopies at building
entrances, beige fiber cement panels, a louver blade system with aluminum wood grain finish, a
new exterior glass door, and a new curtain wall system with dark bronze mullion. The changes
implement new materials for a contemporary and high-quality design. Additional architectural
features use a new palette of compatible colors and high-quality materials that provide visual
interest through design. The new double glazed curtain walls result in a less opaque and more
inviting aesthetic while the new glass parapets and entryway atrium vary the roof plane and
soften the bulk and scale of the structure by highlighting and accentuating the ground-floor
pedestrian access to the facility. The addition of beige fiber cement panels along the façade and
the new louver blade system with an aluminum wood grain finish provide additional articulation
in depth with recessed planes.
10
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 10
Figure 3, Elevation rendering as viewed from Orchard Drive
The project is adjacent to the Santa Ana Heights Specific Plan Area (SP-7). Specifically, the
properties to the rear that front Birch Street and the properties to the west that front Orchard
Drive are within SP-7’s Business Park (BP) District. Pursuant to Section 20.90.030 (Design
Guidelines) of the NBMC, SP-7 (BP) includes design guidelines that regulate color and
materials. The design guidelines are intended to allow the business park to blend in with and
complement the residential areas of the community. While the project site is not located within
SP-7 (BP) and therefore not bound by its design guidelines, the project nonetheless complies
with these guidelines as an additional project amenity and further enhances the compatibility of
the project with its surroundings. As shown in Figure 3 above, the project implements a color
palette ranging from white to earth tones and subdues existing glass elements by repurposing
glazing to light the interior spaces. The accent materials and colors are coordinated to achieve
a continuity of design with the overall structure and surrounding structures.
The glass parapets are proposed to be 41 feet, 6 inches and 45 feet high from grade, where the
Zoning Code allows a base height of 32 feet for a flat roof and any flat elements. In addition to
providing visual interest, the proposed parapets are also functional. These features will screen
the existing and the necessary new mechanical equipment required to support the change to a
full concentration of medical uses. As the building was already built above the maximum height
limit of the zoning district, providing new rooftop screening essentially requires approval of a
Major Site Development Review. Had the building been constructed to the lower 32-foot height
limit, installation of mechanical screening would have otherwise been allowed by right.
Scale, Compatibility, and View Protection
As shown in Figure 4, the property is bound by Irvine Avenue and Orchard Drive. The
intersection of Irvine Avenue and Orchard Drive is at a lower grade level than the subject
11
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 11
property and there is a large retaining wall to the southwest of the site. The retaining wall runs
along the northbound side of Irvine Avenue and creates an elevated building pad, much higher
than Irvine Avenue. On the top of the pad, there is a cluster of multi-tenant office buildings
addressed as 20251 through 20271 Acacia Avenue, shown in Figure 5.
Figures 4 and 5, View of the intersection of Irvine Avenue and Orchard Drive with surrounding
development
Subject
Property
Subject Property
20251 - 20271
Acacia Ave
20251 - 20271
Acacia Ave
12
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 12
The project site does not have a retaining wall or elevated building pad. The northern corner of
the project site sits at a similar height as Irvine Avenue. The properties at 20251 through 20271
Acacia Avenue appear higher than the subject property, which results in a smooth transition in
building heights along the highly traveled Irvine Avenue. Furthermore, the properties across
Orchard Drive and addressed as 20251 through 20271 Acacia Avenue are zoned SP-7 (BP).
The height limit of SP-7 (BP) allows for buildings up to a maximum height of 37 feet. The parapets
will not appear overly tall or incompatible with these buildings. Similarly, the properties to the
rear of the project site are also zoned SP-7 (BP). While the properties to the rear do not have
the benefit of a higher building pad, the project will transition from the 41’-6” parapet down to the
approximately 28-foot, 3-inch parking structure, before meeting the rear property line, ensuring
the building will not tower over the adjacent property. The adjacent property at 3400 Irvine
Avenue, while only two-stories, is separated from the project by over 100 feet and a buffer of tall
trees along the property line.
Figure 6, Site plan with building heights identified
As previously mentioned, there are nonconforming residential properties within the area. This
type of development represents the greatest change in scale between the project and its
Atrium parapet, 45’
Building parapet, 41’-6”
Parking structure, 28’ 3”
13
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 13
surroundings. The nearest low-density residential use is single-story and located on Orchard
Drive. The property is located closer to the parking structure than it is to the building. This
distance should help prevent any shadows or negative impacts to the nonconforming use. As
shown in Figure 6, the tallest parapet is proposed for the side of the building fronting Irvine
Avenue. The residence is on the opposite side of the building and is not likely to be impacted by
the height of the parapet. The nearest residential zoning district is 500 feet away and begins at
2173 Orchard Drive. The intervening office buildings between the property and the low-density
residential uses on Birch Street are typically two-stories tall and provide a gradual transition in
height from the project to the nonconforming uses. Furthermore, the height of the decorative
parapet, which is closest to both the residential uses and office uses, is increasing the overall
building height from 38 feet to almost 42 feet. A 4-foot difference in building height over distances
exceeding 100 feet should not be overly noticeable, especially with the installation of landscape
buffers.
The property is not within the coastal zone and is not near any public viewpoints or coastal view
roads. Since there are commercial properties immediately west which appear taller than typical
commercial structures, the 45-foot-high top of elevation for the proposed structure is compatible
with the surrounding land uses and contributes to a harmonious transition between the
surrounding properties. The adjacent AIA building will maintain its existing design, which
provides for a transition between a smaller, dark glass structure, to a larger building featuring
some glass, to the parking garage which implements materials that match the larger building
and a solar canopy matching the darker color palette of the AIA building.
Adjustment to Parking Requirements
Table 3-10 (Off-Street Parking Requirements) in Section 20.40.040 (Off-Street Parking Spaces
Required) of the NBMC, specifies that medical offices require one parking space for every 200
square feet of gross floor area. This is a greater parking requirement than a professional office
building, which only requires one parking space for every 250 square feet of area. At 78,229
gross square feet, the project will require 392 parking spaces. Since only 331 parking spaces
are provided, a 61-space (15.5%) parking waiver is required.
To support the waiver, the applicant has provided a parking study performed by RK Engineering
Group Inc., dated December 12, 2024 (Parking Study), provided as Exhibit B in the draft
Resolution. The Parking Study analyzed two non-urgent care, medical office, locations of
comparable size: Pacific Medical Plaza located in Costa Mesa at 1640 Newport Blvd, and
Newport Heights Medical Campus located at 20350-20360 SW Birch Street. Each building had
a variety of medical tenants, including but not limited to dentists, dermatologists, and
pediatricians. The sites and survey methodologies were reviewed and accepted by the City
Traffic Engineer prior to preparation of the Parking Study. Observational parking counts were
taken by Counts Unlimited, Inc. (a third-party data collection company) from 8:00 a.m. to 6:00
p.m., at one-hour intervals, on a typical Tuesday, Wednesday, and Thursday in October of 2024.
The observed parking counts determined a peak parking demand ratio for each site. The higher
of the two ratios observed was used as a baseline for estimating the peak parking demand of
the project.
14
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 14
To account for parking demand fluctuations, a 10% increase was added to the baseline. This
resulted in a peak parking demand ratio of 3.94 parking spaces per 1,000 gross square feet.
Applying the peak parking demand rate results in a minimum parking requirement of 309 spaces.
As the project will provide 331 parking spaces, the project is projected to have approximately 22
available surplus parking spaces, or 7.11% available, during peak projected parking demand
periods. Therefore, the Parking Study concludes that the project provides a sufficient number of
parking spaces to support the conversion.
While section 20.40.110(D) (Adjustments to Off-Street Parking Requirements) of the NBMC
allows for the Community Development Director to reduce the number of required parking
spaces by a maximum of 20%, Section 20.50.30 (Multiple Permit Applications) of the NBMC
requires that multiple applications for the same project be processed concurrently and be
reviewed and approved, modified, or denied by the highest review authority, which in this case
is the Planning Commission.
Traffic Study
With the conversion of the building from professional office to medical office, it is anticipated that
1,496 ADTs will be generated. In accordance with Subsection 15.40.030(A) (Traffic Phasing
Ordinance) of the NBMC, projects that generate over 300 new ADT require the preparation of a
Traffic Study to determine whether the project results in negative impacts to Level of Service
(LOS) at nearby intersections. No project may be approved that causes an unsatisfactory LOS
or makes worse an unsatisfactory level of traffic service at any impacted primary intersection
without proper mitigation.
A traffic study, titled “Traffic Impact Analysis – Newport Irvine Medical Office” dated October
2024, (TIA) was prepared by Ganddini Group Inc., under the supervision of the City Traffic
Engineer and is included as Exhibit B of the Draft Resolution. The TIA included 15 relevant study
intersections that were analyzed for potential impacts based on the City’s Intersection Capacity
Utilization (ICU) methodology, which is expressed in terms of LOS. Utilizing these
methodologies, the TIA determined that the 15 intersections identified will continue to operate at
satisfactory LOS as defined by the TPO.
Because the project will neither cause an unsatisfactory LOS nor make worse an unsatisfactory
LOS at any impacted intersection, no improvements or mitigation are necessary.
A preliminary construction management plan has been provided to address any short-term traffic
issues occurring during construction. Condition of Approval No. 69 requires that a final
construction management plan be approved by the City Traffic Engineer and Community
Development Director prior to the issuance of a building permit.
Summary
If approved, the project will allow for a significant reinvestment and remodeling of an existing,
three-story office building, including an in increase in building height to 41 feet, 6 inches, with
the parapet above the atrium up to 45 feet. The project will convert the building from professional
15
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 15
office use to medical office use and partially offset the increased parking demand from medical
use through the construction of a parking structure. While the onsite parking supply will be
increased by 61 spaces, an additional 61 spaces will be waived, as supported by the applicant’s
parking study.
Alternatives
Should the Planning Commission’s review and evaluation of this project not coincide with City
staff’s recommendation, then the following alternative options are available to the Planning
Commission:
1. The Planning Commission may suggest specific changes that are necessary to alleviate
any concerns. If the requested changes are substantial, the item could be continued to a
future meeting. Should the Planning Commission choose to do so, staff will return with a
revised resolution incorporating new findings and/or conditions.
2. If the Planning Commission believes that there are insufficient facts to support the findings
for approval and a denial action is more appropriate, staff would recommend a
continuance to prepare a resolution reflecting this course of action.
Environmental Review
The project is categorically exempt under Section 15332, of the California Environmental Quality
Act (CEQA) pursuant to Section 15332 under Class 32 (In-Fill Development Projects) of the
CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3 because it has no potential
significant effect on the environment.
Class 32 exempts in-fill development that meets the following criteria: (1) is consistent with the
applicable General Plan designation and applicable policies, as well as applicable zoning
designations and regulations, (2) would occur on a site less than five acres, (3) the project site
must have no habitat value, (4) the project would not result in significant traffic, noise, air quality,
or water quality effects, and (5) the site can be adequately served by all required utilities and
public services
The Project meets all the requirements and is exempt under Class 32 (In-Fill Development
Projects) based on the following:
a. General Plan and Zoning Consistency: The property is categorized as General
Commercial Office (CO-G) by the General Plan Land Use Element and is located within
the Office-General (OG) Zoning District. The CO-G category provides for areas
appropriate for administrative, professional, and medical offices with limited accessory
retail and service uses. The project is consistent with the purpose and intent of the CO-
G category, as it enhances and improves the viability of an existing multi-tenant
professional office building by allowing for a higher ratio of medical uses and providing
a parking facility. Additionally, the proposed medical office land use is allowed by right
in the OG Zoning District.
16
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 16
b. Less Than 5 Acres: The property is approximately 3.14 acres, which is less than 5
acres.
c. No Habitat Value: The property is currently developed with a 79,581-square-foot,
three-story, commercial building known as Newport Irvine Center. The project
proposes to remodel the building and construct a parking structure to allow sufficient
parking for medical uses. As a developed site within an urban area, the property does
not provide value as habitat for endangered, rare, or threatened species.
d. No Significant Traffic, Noise, Air Quality or Water Quality Effects:
• The project will generate a net increase of 1,496 ADTs on a typical weekday. A traffic
impact analysis (TIA) was prepared for the project. The TIA found that the 15 studied
intersections will continue to operate at a satisfactory level of service as defined by
the City’s Traffic Phasing Ordinance.
• An analysis of noise and vibration impacts was prepared by LSA (Attachment PC 4)
and concluded that short-term construction-related impacts would be less than
significant and any long-term project-related traffic impacts would be less than
significant.
• An analysis of the air quality and greenhouse gas (GHG) impacts of the Project was
prepared by EPD Solutions (Attachment No. PC 5), which found that the project will
not have significant impacts to air quality on a project or cumulative level and that
the proposed project would have a less than significant impact on GHG emissions.
• Odors produced by construction of the project would be minimal and temporary, and
the project involves land uses that typically do not generate significant odor
complaints.
• A preliminary water quality management plan (WQMP), grading plan, and drainage
plans have been reviewed and approved by the Building Division. The plans comply
with state, regional, and City water quality requirements.
e. Utilities and Public Services: The property is within a developed area of the City and
is adequately served by existing utilities. All public services are adequate to
accommodate the project.
Public Notice
Notice of this hearing was published in the Daily Pilot, mailed to all owners of property within
300 feet of the boundaries of the site (excluding intervening rights-of-way and waterways)
including the applicant, and posted on the subject property at least 10 days before the scheduled
meeting, consistent with the provisions of the NBMC. Additionally, the item appeared on the
agenda for this meeting, which was posted at City Hall and on the city website.
Prepared by: Submitted by:
17
Newport Irvine Medical Center (PA2024-0070)
Planning Commission, January 23, 2025
Page 17
JP/djk
ATTACHMENTS
PC 1 Draft Resolution
PC 2 Project Plans
PC 3 Noise and Vibration Analysis
PC 4 Air Quality and Greenhouse Gas Analysis
18
Attachment No. PC 1
Draft Resolution
19
IN
T
E
N
T
I
O
N
A
L
L
Y
B
L
A
N
K
P
A
G
E
20
RESOLUTION NO. PC2025-003
A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY
OF NEWPORT BEACH, CALIFORNIA, SUPERSEDING USE
PERMIT NO. UP1939, AND APPROVING A MAJOR SITE
DEVELOPMENT REVIEW, STAFF APPROVAL, AND TRAFFIC
STUDY FOR THE CONVERSION OF AN EXISTING
PROFESSIONAL OFFICE BUILDING INTO A MEDICAL OFFICE
BUILDING, WAIVING A PORTION OF THE OFF-STREET
PARKING REQUIREMENT, AND CONSTRUCTING AN ON-SITE
PARKING STRUCTURE FOR THE PROPERTY LOCATED AT
3300 IRVINE AVENUE (PA2024-0070)
THE PLANNING COMMISSION OF THE CITY OF NEWPORT BEACH HEREBY FINDS AS
FOLLOWS:
SECTION 1. STATEMENT OF FACTS.
1. An application was filed by Chad Manista, of Real Estate Development Associates, LLC
(“Applicant”), concerning property located at 3300 Irvine Avenue, and legally described as
Parcel 1 of Parcel Map 79-721 (“Property”).
2. The Planning Commission approved Use Permit No. UP1939 on April 24, 1980, and
allowed for the construction of an approximately 42-foot-tall, three-story, 79,581-square-
foot professional office building, and 270 space surface parking lot. The existing building
shares vehicular access with the adjacent, single-story, Orange County American Institute
of Architects building located at 1981 Orchard Drive.
3. The Applicant requests a Major Site Development Review, Staff Approval, and Traffic
Study to convert the existing building from professional office use to medical office use. To
partially accommodate the increased parking demand from medical office use, the
existing surface parking lot will be restriped and a three-level parking structure with solar
canopy will be constructed. The parking structure will be connected to the medical office
building via a pedestrian bridge. Interior renovations to the building include remodeling of
the existing lobby to create a new atrium-style lobby with common areas and new stairways
between floors. While the footprint of the lobby will expand, internal changes to create
additional volume will result in a 1,352-gross-square-foot reduction of floor area, reducing
the building from 79,581 square feet to 78,229 square feet. The project also includes
significant remodeling to the exterior of the building and new rooftop architectural features
including a decorative glass parapet measuring 41-feet, 6-inches from existing grade and
an entry atrium parapet, measuring 45-feet from existing grade (“Project”).
4. The following approvals are required from the City of Newport Beach (“City”) to implement
the Project:
• Major Site Development Review (“SDR”): To allow an increase in height in
accordance with Section 20.52.080 (Site Development Reviews) of the Newport
21
Planning Commission Resolution No. PC2025-003
Page 2 of 24
07-29-24
Beach Municipal Code (“NBMC”) for the proposed architectural features (i.e.,
parapets), which are proposed at 41-feet, 6-inches above existing grade and 45
feet above existing grade, respectively;
• Staff Approval: To waive 61 of the 392 required parking spaces, or 15.5% of the
parking requirement, in accordance with Section 20.40.110(D) (Adjustments to Off-
Street Parking Requirements) of the NBMC; and
• Traffic Study: To consider the projected 1,496 net increase in average daily trips
(ADTs), pursuant to Section 15.40.030(A) (Traffic Phasing Ordinance) of the
NBMC.
5. Section 20.40.110(D) (Adjustments to Off-Street Parking Requirements) of the NBMC
allows for the Community Development Director to reduce the number of required parking
spaces by a maximum of 20%. However, Section 20.50.30 (Multiple Permit Applications)
of the NBMC requires that multiple applications for the same project be processed
concurrently and be reviewed and approved, modified, or denied by the highest review
authority, which in this case is the Planning Commission.
6. Approval of this Project will supersede Use Permit No. UP1939, which would be rendered
null and void.
7. The Property is categorized General Commercial Office (CO-G) by the General Plan Land
Use Element and is located within the Office-General (OG) Zoning District.
8. The Property is not located within the Coastal Zone; therefore, a coastal development
permit is not required.
9. A public hearing was held on January 23, 2025, in the Council Chambers at 100 Civic
Center Drive, Newport Beach, California. A notice of the time, place, and purpose of the
hearing was given in accordance with Government Code Section 54950 et seq. (“Ralph
M. Brown Act”) and Chapter 20.62 (Public Hearings) of the NBMC. Evidence, both
written and oral, was presented to and considered by, the Planning Commission at this
hearing.
SECTION 2. CALIFORNIA ENVIRONMENTAL QUALITY ACT DETERMINATION.
1. This Project is exempt from the California Environmental Quality Act (“CEQA”) pursuant to
Section 15332 under Class 32 (In-Fill Development Projects) of the CEQA Guidelines,
California Code of Regulations, Title 14, Division 6, Chapter 3 because it has no potential
to have a significant effect on the environment.
2. Class 32 exempts in-fill development that meets the following criteria: (1) is consistent
with the applicable General Plan designation and applicable policies, as well as
applicable zoning designations and regulations, (2) would occur on a site less than five
acres, (3) the project site must have no habitat value, (4) the project would not result in
significant traffic, noise, air quality, or water quality effects, and (5) the site can be
22
Planning Commission Resolution No. PC2025-003
Page 3 of 24
07-29-24
adequately served by all required utilities and public services. If a project meets the
criteria and qualifies for the Class 32 exemption, the project is categorically exempt from
CEQA unless one of the exceptions to exemptions apply. The exemption is not limited
to any use type and may apply to residential, commercial, industrial, public facility,
and/or mixed-use projects.
3. The Project meets all the requirements and is exempt under Class 32 (In-Fill
Development Projects) based on the following:
a. General Plan and Zoning Consistency: The Property is categorized as General
Commercial Office (CO-G) by the General Plan Land Use Element and is located
within the Office-General (OG) Zoning District. The General Commercial Office
(CO-G) category provides for areas appropriate for administrative, professional,
and medical offices with limited accessory retail and service uses. The Project is
consistent with the purpose and intent of the General Commercial Office (CO-G)
category, as it enhances and improves the viability of an existing multi-tenant
professional office building by allowing for a higher ratio of medical users and
providing a parking facility. Additionally, the proposed medical office land use is
allowed by right in the Office-General (OG) Zoning District.
b. Less Than 5 Acres: The Property is approximately 3.14 acres, which is less than
5 acres.
c. No Habitat Value: The Property is currently developed with a 79,581-square-foot,
three-story, commercial building known as Newport Irvine Center. The Project
proposes to remodel the building and construct a parking structure to allow
sufficient parking for medical uses. The Property is unlikely to provide value as
habitat for endangered, rare, or threatened species.
d. No Significant Traffic, Noise, Air Quality or Water Quality Effects: The Project will
generate a net increase of 1,496 daily trips on a typical weekday. A Traffic Impact
Analysis (“TIA”) was prepared for the Project. The TIA found that the 15 studied
intersections will continue to operate at a satisfactory level of service as defined
by the City’s Traffic Phasing Ordinance.
An analysis of noise and vibration impacts was prepared by LSA and concluded
that short-term construction-related impacts would be less than significant and
any long-term project-related traffic impacts would be less than significant.
An analysis of the air quality and greenhouse gas (“GHG”) impacts of the Project
was prepared by EPD Solutions, which found that the Project will not have
significant impacts to air quality on a project or cumulative level and that the
Project would have a less than significant impact on GHG emissions.
Odors produced by construction of the Project would be minimal and temporary,
and the Project involves land uses that typically do not generate significant odor
complaints.
23
Planning Commission Resolution No. PC2025-003
Page 4 of 24
07-29-24
A preliminary Water Quality Management plan (“WQMP”), Grading Plan, and
Drainage Plans have been reviewed and approved by the Building Division. The
plans comply with state, regional, and City water quality requirements.
e. Utilities and Public Services: The Property is within a developed area of the City
and is adequately served by existing utilities. All public services are adequate to
accommodate the Project.
SECTION 3. REQUIRED FINDINGS.
Major Site Development Review
In accordance with Section 20.52.080(F) (Site Development Reviews – Findings and
Decisions) of the NBMC, the findings and facts in support of such findings are set forth as
follows:
Finding:
A. The proposed development is allowed within the subject Zoning District.
Facts in Support of Finding:
1. The Property is located within the Office-General (OG) zoning district, which is intended
for administrative, professional, and medical office uses with limited accessory retail and
service uses. Pursuant to Table 2-4 (Allowed Uses and Permit Requirements) of Section
20.20.020 (Commercial Zoning Districts Land Uses and Permit Requirements) of the
NBMC, medical and dental office uses are permitted in the Office-General (OG) zoning
district. The tenant mix currently consists of professional offices, medical offices, and
health/fitness facilities. Additional medical offices and the construction of a parking
structure are consistent with the uses permitted by the Office-General (OG) zoning
district.
2. The Office-General (OG) zoning district requires a 0-foot front setback, 0-foot interior
side setback, 15-foot street side setback, and a 0-foot rear setback. The Project
complies with the required setbacks as it proposes a 39-foot front setback, 10-foot
interior side setback, 25-foot street side setback, and a 2-foot rear setback.
3. The Office-General (OG) zoning district allows for a maximum building height of 32 feet
for a flat roof and 37 feet for a sloped roof with a minimum 3/12 pitch. The existing
building exceeds the height limit, as authorized by UP1939. The Project includes
increasing the maximum height of the building to accommodate the new parapets.
Therefore, a site development review for increased height is required pursuant to
Section 20.52.080 (Site Development Reviews) of the NBMC. The facts in support of
findings are included under Findings D through G.
4. The Property is located within the Nonresidential, Nonshoreline Height Limit Area. The
height of a structure may be increased up to a maximum 50 feet with a flat roof or 55
24
Planning Commission Resolution No. PC2025-003
Page 5 of 24
07-29-24
feet with a sloped roof through the approval of an SDR. While the Project requires the
approval of an SDR to implement, the proposed height of the parapet will comply with
the maximum 50-foot height limit, allowed with an SDR.
5. Table 3-10 (Off-Street Parking Requirements) of Section 20.40.040 (Off-Street Parking
Spaces Required) of the NBMC provides that the number of parking spaces for a
medical office use is one per every 200 square feet of gross floor area. Therefore, the
Project requires a total of 392 parking spaces. As the Project provides only 331 parking
spaces, a parking demand analysis dated December 4, 2024, was prepared by RK
Engineering (“Parking Study”), which is attached hereto as Exhibit “B” and incorporated
herein by reference, to establish the parking demand for the Project. The Parking Study
concluded that 331 spaces are adequate to serve the Project. The request for a 15.5%
parking waiver is evaluated and substantiated in Finding H below.
Finding:
B. The proposed development is in compliance with all of the following applicable criteria:
i. Compliance with this section, the General Plan, this Zoning Code, any applicable
specific plan, and other applicable criteria and policies related to the use or structure;
ii. The efficient arrangement of structures on the site and the harmonious relationship
of the structures to one another and to other adjacent developments; and whether
the relationship is based on standards of good design;
iii. The compatibility in terms of bulk, scale, and aesthetic treatment of structures on the
site and adjacent developments and public areas;
iv. The adequacy, efficiency, and safety of pedestrian and vehicular access, including
drive aisles, driveways, and parking and loading spaces;
v. The adequacy and efficiency of landscaping and open space areas and the use of
water efficient plant and irrigation materials; and
vi. The protection of significant views from public right(s)-of-way and compliance with
NBMC Section 20.30.100 (Public View Protection).
Facts in Support of Finding:
1. The Property is categorized as General Commercial Office (CO-G) by the Land Use
Element of the General Plan. The General Commercial Office (CO-G) category provides
for areas appropriate for administrative, professional, and medical offices with limited
accessory retail and service uses. The Project is consistent with the purpose and intent
of the General Commercial Office (CO-G) category, as it allows for a medical office
building that will serve the community.
25
Planning Commission Resolution No. PC2025-003
Page 6 of 24
07-29-24
2. Figure LU-11 of the Land Use Element establishes a maximum floor-area-to-land ratio
(“FAR”) of 0.50 for the project site. Implementation of the project would reduce the
existing gross floor area of building from 79,581 square feet to 78,229 square feet and
results in an FAR of 0.55. Therefore, the project would reduce the development intensity
to be more consistent with the intended FAR for the property. Parking structures do not
qualify as gross floor area per Section 20.70 (Definitions) of the NBMC and are not
included in the gross floor area of the building or the FAR.
3. The Project is consistent with General Plan Land Use goals and policies, including, but
not limited to the following:
a. Land Use Element Policy LU 5.1.2 (Compatible Interfaces). Requires that
the height of development in nonresidential areas and higher-density
residential areas transition as it nears lower-density residential areas to
minimize the conflicts at the interface between the different types of
development. The tallest parapet is proposed for the side of the building
fronting Irvine Avenue. The nearest residential zoning district is 500 feet away
and begins at 2173 Orchard Drive. The three-story parking structure and then
the intervening office buildings between the property and the low-density
residential uses on Birch Street, which are typically two-stories tall, provide a
gradual transition in height from the project to residential uses.
b. Land Use Policy LU 5.4.2 (Development Form and Architecture).
Requires that new development of business park, office, and supporting
buildings be designed to convey a unified and high-quality character through
consistent architectural design vocabulary, articulation, materials, and color
palette and with architectural treatment of parking structures consistent with
their primary commercial office building, among other considerations. The
Project includes the construction of a new parking structure and updating the
building exterior to include additional articulation and new materials matching
the parking structure for a consistent architectural design and color palette
throughout the Project.
4. Facts 1 through 4 in support of Finding A are hereby incorporated by reference.
5. The Property is not located within a Specific Plan Area.
6. The existing building was constructed in 1980 with a dark, unarticulated, glass panel
exterior. The Project will significantly remodel the exterior façade of the building and
upgrade the overall look of the building. Exterior remodeling includes an update of the
building to a contemporary architectural style, with light and transparent glazing. While
the Project still uses glass as the main finish material, the Project introduces beige and
bronze paneling with dark accents around office windows and a coordinated color
palette. The color palette of the building will complement the parking structure with a
similarly light color on the exterior finish and wood-textured aluminum louvers at its
entrances. The proposed parapet introduces articulation and visual interest using a
26
Planning Commission Resolution No. PC2025-003
Page 7 of 24
07-29-24
variable height roof plane. The mass of the building is softened by introducing a new
glass atrium entryway.
7. The Property is bounded by Irvine Avenue to the north, Orchard Drive to the south, and
office developments to both the east and west. The majority of land uses within the
vicinity are professional or medical office and are located within multi-tenant commercial
office buildings. There is one non-conforming residential use adjacent to the Project,
across Orchard Drive, and several other non-conforming single-unit residences
approximately 375 feet southeast of the Property, on Birch Street. There is also a golf-
course with a restaurant 850 feet to the west on Irvine Avenue and an apartment
complex 550 feet to the east on Birch Street. The nearby nonconforming residential uses
are within the Business Park area of the Santa Ana Heights Specific Plan (“SP-7
Business Park”) which prohibits residential uses but allows for the expansion of existing
nonconforming uses with the approval of a conditional use permit. The nonconforming
residential uses are located closer to the parking structure and not the building. The
tallest parapet is proposed for the side of the building fronting Irvine Avenue. These
distances should help prevent any shadows or negative impacts to the nonconforming
uses. The Project does not propose any architectural features that are likely to
negatively affect the surrounding development as detailed in Fact 8 in support of Finding
B, Fact 1 in support of Finding E, and Fact 1 in support of Finding F.
8. The Project is adjacent to the SP-7 (Business Park) District. Pursuant to Section
20.90.030 (Design Guidelines) of the NBMC, SP-7 (Business Park) includes design
guidelines that regulate color and materials. The design guidelines are intended to allow
the business park to blend in with and complement the residential areas of the
community. While the Project site is not located within SP-7 Business Park and therefore
not bound by its design guidelines, the Project nonetheless complies with these
guidelines as an additional project amenity and further enhances the compatibility of the
Project with its surroundings. In harmony with Section 20.90.030(B) (Architectural
Guidelines for Business Park Uses) of the NBMC, the Project implements a color palette
ranging from white to earth tones and subdues existing glass elements by repurposing
glazing to light the interior spaces. The accent materials and colors are coordinated to
achieve a continuity of design with the overall structure and surrounding structures.
9. The parking structure is located on the eastern portion of the Property, in the rear, and
will be screened from Irvine Avenue by the upgraded office building, landscaping, and a
portion of the surface parking lot. From Orchard Drive, the new parking structure is
setback 132 feet and will be partially screened by landscaping and surface parking.
10. The parking structure is immediately adjacent to the surface parking lots of the abutting
office buildings that front Birch Street. The properties fronting Birch Street are zoned
SP-7 (BP). The height limit of SP-7 (BP) allows for buildings up to a maximum height of
37 feet. The parapets will not appear overly tall or incompatible with these buildings and
the parking structure provides a harmonious transition from the Project to the abutting
office buildings.
27
Planning Commission Resolution No. PC2025-003
Page 8 of 24
07-29-24
11. Existing vehicular and pedestrian access points to the Property will be maintained as
part of the Project. Pedestrian access between the parking structure and medical office
will be provided through a pedestrian bridge connecting the top level of the parking
structure to the building.
12. The Property is currently improved with approximately 26,862 square feet of
landscaping. Most of the landscaping is provided as turf. Of the 26,862 square feet,
2,494 square feet will be rehabilitated, and 495 square feet will be added. The Project
includes new landscaping along Orchard Drive, within the public right of way. This off-
site landscaping includes seven Brisbane box trees totaling 1,366 square feet. Brisbane
box trees can grow anywhere from 30 to 70 feet tall and reach approximately 25 to 30
feet wide. The projected height and size of the trees makes for an efficient and adequate
method of buffering between the Property and adjacent uses, including the
nonconforming residential uses. All new and rehabilitated landscaping shall comply with
Section 14.17 (Water Efficient Landscaping) of the NBMC, including the installation and
maintenance of drought tolerant and noninvasive species.
13. The Project is not adjacent to or near a designated coastal view road or point and there
are no public views through or across the Property. Therefore, the Project is not
anticipated to impact any public views.
Finding:
C. Not detrimental to the harmonious and orderly growth of the City, nor will it endanger,
jeopardize, or otherwise constitute a hazard to the public convenience, health, interest,
safety, or general welfare of person residing or working in the neighborhood of the
proposed development.
Fact in Support of Finding:
1. The Project is similar to and compatible with other office uses in the vicinity.
2. The Project is not anticipated to be detrimental to nearby residential uses or the nearby
golf course due to the office nature of the business. Medical offices typically operate
during the week with normal business hours when residents are not at home. Medical
uses typically do not generate public inconveniences such as noise, light, or odors and
the Project is therefore not anticipated to impact the nearby residents or golf course.
3. The Project is consistent with the planned land use for the site and the intent of General
Commercial Office (CO-G) category of the General Plan Land Use Element and the Office-
General (OG) Zoning District. The site is suitable for the type and intensity of
development proposed because the infrastructure serving the site and surrounding area
has been designed and developed to accommodate the commercial development use
of the site. The Project would also reduce the floor area of the building, which would
bring the property closer to compliance with the maximum FAR of the Zoning District.
Therefore, the operation of the medical office use is not detrimental.
28
Planning Commission Resolution No. PC2025-003
Page 9 of 24
07-29-24
4. A traffic study titled “Traffic Impact Analysis – Newport Irvine Medical Office” dated
October 2024 (“Traffic Impact Analysis”), which is attached hereto as Exhibit “C” and
incorporated herein by reference, was prepared by Ganddini Group Inc., under the
supervision of the City Traffic Engineer for the Project in compliance with Chapter 15.40
(Traffic Phasing Ordinance) and Appendix A of the NBMC. As discussed further in
Finding L, the Project does not result in a traffic impact. Therefore, the operation of the
medical office use is not anticipated to be detrimental to the surrounding neighborhood.
5. Condition of Approval No. 19 establishes operational noise standards while Condition
of Approval No. 21 restricts noise-generating construction activities. Both have been
included to ensure that the proposed use does not create any adverse noise impacts to
the community, in accordance with Section 20.30.080 (Noise) of the NBMC.
6. Conditions of Approval Nos. 23 and 24 are included to ensure adequate trash storage
facilities for the commercial tenants are provided in screened areas on private property,
thereby preventing any odor or related issues for the abutting residential uses.
7. The Project includes Condition of Approval No. 15 which prevents excessive illumination
of the site and enables the Director to dim light sources or require other remediation
upon finding the site to be excessively illuminated.
8. A preliminary Construction Management Plan has been provided to ensure that short-
term construction traffic issues are properly addressed. A final construction
management plan will need to be approved prior to the issuance of a building permit, as
referenced in Condition of Approval No. 69.
Height Increase
The Property is a nonresidential use located within the Nonresidential, Nonshoreline Height
Limit Area. In this height limit area, the base height limit for nonresidential and mixed-use
structures with flat roofs is 32 feet and the base height limit for structures with sloped roofs is
37 feet. The height of a structure may be increased up to a maximum of 50 feet with a flat roof
or 55 feet with a sloped roof through the approval of a Site Development Review. In accordance
with Section 20.30.060(C)(3) (Height Limits and Exceptions - Required Findings) of the NBMC,
the Planning Commission may approve a site development review to allow an increase in the
height of a structure above the base height only after first making all the following findings in
addition to the findings required pursuant to Section 20.52.080(F) (Site Development Reviews
– Findings and Decision):
Finding:
D. The project applicant is providing additional project amenities beyond those that are
otherwise required. Examples of project amenities include, but are not limited to:
i. Additional landscaped open space;
ii. Increased setback and open areas;
iii. Enhancement and protection of public views;
29
Planning Commission Resolution No. PC2025-003
Page 10 of 24
07-29-24
Facts in Support of Finding:
1. Use Permit No. UP1939 allowed the structure to exceed the base height limit of the
Office-General (OG) zoning district. The justification for the height increase was partially
based on the project providing additional open space, as the building mass was
concentrated to the center of the lot. The Project implements vertical construction, rather
than horizontal.
2. The footprint of the building is not increasing as part of the Project. Further, the floor
area of the structure will decrease, despite the increase in height for the architectural
features.
3. While the footprint of the building will expand at the northern entrance to create the
atrium style lobby and the parking structure will reduce the amount of lot area left
undeveloped and open, approximately 80,251 square feet will remain undeveloped, or
57% of the lot will remain undeveloped. Both the building and the parking structure
provide greater setbacks than what is required pursuant to Table 2-6 (Development
Standards for Commercial Office Zoning Districts) of Section 20.20.030 (Commercial
Zoning Districts General Development Standards) of the NBMC, as referenced in Fact
3 of Finding A.
4. Facts 12 and 13 in support of Finding B are hereby incorporated by reference.
Finding:
E. The architectural design of the project provides visual interest through the use of light
and shadow, recessed planes, vertical elements, and varied roof planes;
Facts in Support of Finding:
1. The Project increases the height of the building by constructing new architectural
features. These features provide visual interest by incorporating light and shadow
through the use of glass. Vertical elements are highlighted through symmetry and
contrasting angles, and a cohesive color palette and varied roof plane further contribute
to visual interest.
2. In addition to providing visual interest, the proposed parapets are also functional. The
parapet will screen existing visible rooftop mechanical equipment and bring the Project
into compliance with Section 20.30.020 (Buffering and Screening) of the NBMC.
Finding:
F. The increased height will not result in undesirable or abrupt scale changes or
relationships being created between the proposed structure(s) and existing adjacent
developments or public spaces. Where appropriate, the proposed structure(s) provides
a gradual transition to taller or shorter structures on abutting properties.
30
Planning Commission Resolution No. PC2025-003
Page 11 of 24
07-29-24
Facts in Support of Finding:
1. Use Permit No. UP1939 justified the increased building height by citing that the Project
would not result in abrupt changes of building heights between the office building and
nearby existing developments and public spaces. The Project’s parking structure with
solar canopy above measures approximately 28-feet, 3-inches above grade is situated
between the existing structure and property line. It will provide for a smooth transition in
building heights, up to the office buildings fronting Birch Street.
2. There is a large retaining wall to the southwest of the Property. The retaining wall runs
along the northbound side of Irvine Avenue. The retaining wall creates an elevated
building pad, much higher than Irvine Avenue. On the top of the pad, there is a cluster
of multi-tenant office buildings addressed as 20251 through 20271 Acacia Avenue.
Furthermore, the properties across Orchard Drive and addressed as 20251 through
20271 Acacia Avenue are zoned SP-7 (BP). The height limit of SP-7 (BP) allows for
buildings up to a maximum height of 37 feet. The Project does not have a retaining wall
or elevated building pad and sits at a similar height as Irvine Avenue. These properties
at 20251 through 20271 Acacia Avenue appear higher than the subject property, which
results in a smooth, gradual, transition in building heights along the highly traveled Irvine
Avenue.
Finding:
G. The structure will have no more floor area than could have been achieved without
the approval of the height increase.
Fact in Support of Finding:
1. The proposed height increase does not result in an increase in floor area. The increase
in height is to allow glass parapets as exterior-only architectural features. As stated in
Fact 2 in support of Finding B, the Project reduces the gross floor area.
2. The building footprint is limited to the center portion of the lot, and the Project does not
expand the footprint of the building.
Staff Approval for Parking Waiver
In accordance with Section 20.40.110(D) (Adjustments to Off-Street Parking Requirements) of
the NBMC, the Community Development Director may authorize a reduction of off-street
parking by a maximum of 20% using a combination of the following:
Finding:
H. The applicant has provided sufficient data, including a parking study if required by the
Director, to indicate that parking demand will be less than the required number of spaces
or that other parking is available.
31
Planning Commission Resolution No. PC2025-003
Page 12 of 24
07-29-24
Facts in Support of Finding:
1. Pursuant to Section 20.40.040 (Off-Street Parking Spaces Required) of the NBMC,
medical offices require one parking space for every 200 square feet of gross floor area.
At 78,229 square feet, the Project requires 392 parking spaces. Because the Project
provides only 331 parking spaces, a 61 space, or 15.5%, parking waiver is required.
2. The Applicant provided the Parking Study, which analyzed two non-urgent care, medical
office, locations of comparable size: Pacific Medical Plaza located in Costa Mesa at
1640 Newport Boulevard, and Newport Heights Medical Campus located at 20350-
20360 SW Birch Street. Each building had a variety of medical tenants, including but not
limited to dentists, dermatologists, and pediatricians.
3. Observational parking counts were taken by Counts Unlimited, Inc. (a third-party data
collection company) from 8:00 a.m. to 6:00 p.m., at one-hour intervals, on a typical
Tuesday, Wednesday, and Thursday in October of 2024. The observed parking counts
determined a peak parking demand ratio for each site. The higher of the two ratios
observed was used as a baseline for estimating the peak parking demand of the project.
4. To account for parking demand fluctuations, a 10% increase was added to baseline.
This resulted in a peak parking demand ratio for the Project of 3.94 parking spaces per
1,000 gross square feet
5. Applying the peak parking demand ratio for the Project results in a minimum parking
requirement of 309 spaces. As the project will provide 331 parking spaces, the project
is projected to have approximately 22 available surplus parking spaces, or 7.11% of
spaces available, during peak projected parking demand periods. Therefore, the Parking
Study concludes that the project provides a sufficient number of parking spaces to
support the conversion.
6. The Parking Study was reviewed and accepted by the City Traffic Engineer.
7. The Property allows for shared access to the existing surface parking lot with the
adjacent parcel, 1981 Orchard Drive. A reciprocal Easement Agreement, Avigational
Easement, and Agreement Affecting Real Property (“Easement Agreement”) was
recorded with the County of Orange in 1980. The Easement Agreement dedicates 23
spaces within the surface parking of 1981 Orchard Drive be reserved for the exclusive
use of 1981 Orchard Drive. These 23 spaces have not been included in the 331 parking
spaces provided by the Project.
Findings
I. On-Site Bicycle Facilities. Required nonresidential off-street parking may be reduced
where there is a demonstrated use of bicycles as a mode of transportation. The
Director may reduce the number of required parking spaces by one space for every
32
Planning Commission Resolution No. PC2025-003
Page 13 of 24
07-29-24
three bicycle parking spaces provided on the same site they serve, up to 5% of the
total requirement in compliance with the following conditions:
i. The applicant has provided sufficient evidence to substantiate that there exists a
demand for bicycle parking; and
ii. The bicycle parking spaces are located completely within the private property
they serve.
iii. An additional 5% reduction may be allowed when enhanced end-of trip facilities
are provided on the same site they serve, including, but not limited to, showers
and locker facilities.
Fact in Support of Finding:
Bicycle facilities are not used as justification for the reduction in parking.
Findings
J. Space for Shared Mobility. Required nonresidential off-street parking may be reduced
by up to 10% in compliance with the following conditions:
i. Exclusive of curb space needed for emergency access purposes (e.g., a fire lane), the
development includes at least 20 linear and contiguous feet of on-site dedicated curb-
space located entirely on private property; or
ii. There is one off-street parking space designated and with proper signage for the use of
shared-mobility vehicles and/or pick-up/drop-off located on private property and on the
same site it is intended to serve.
Fact in Support of Finding:
Shared Mobility spaces are not used as justification for the reduction in parking.
Traffic Study
In accordance with Section 15.40.030(A) (Traffic Phasing Ordinance) of the NBMC, the
following findings and fact in support of such findings are set forth herein:
Finding:
K. That a traffic study for the project has been prepared in compliance with this NBMC
Chapter 15.40 and Appendix A.
Fact in Support of Finding:
The Traffic Impact Analysis, which is attached hereto as Exhibit “C” and incorporated herein by
reference, was prepared by Ganddini Group Inc., under the supervision of the City Traffic
Engineer for the Project in compliance with Chapter 15.40 (Traffic Phasing Ordinance) and
Appendix A of the NBMC.
Finding:
33
Planning Commission Resolution No. PC2025-003
Page 14 of 24
07-29-24
L. That, based on the weight of the evidence in the administrative record, including the traffic
study, one of the findings for approval in subsection 15.40.030(B) can be made:
1. Construction of the project will be completed within 60 months of project approval
in accordance with Section 15.40.030(B)(1) of the NBMC.
2. Additionally, the project will neither cause nor make worse an unsatisfactory level
of traffic service at any impacted intersection in accordance with Section
15.40.030(B)(1)(a) of the NBMC.
Facts in Support of Finding:
1. Construction of the Project is expected to be completed by May of 2026.
2. The Traffic Impact Analysis included eight study intersections that were analyzed for
potential impacts based on the City’s Intersection Capacity Utilization (“ICU”)
methodology, which is expressed in terms of level of service (“LOS”). Utilizing these
methodologies, the Traffic Impact Analysis determined that implementation of the
Project will neither cause nor make worse an unsatisfactory level of traffic service at
any impacted primary intersection within the City of Newport Beach. The City Traffic
Engineer concurs with this conclusion.
Finding:
M. That the project proponent has agreed to make or fund the improvements, or make the
contributions, that are necessary to make the findings for approval and to comply with all
conditions of approval.
Fact in Support of Finding:
No improvements or mitigation are necessary because implementation of the Project with the
will neither cause nor make worse an unsatisfactory level of traffic service at any impacted
primary intersection within the City of Newport Beach.
SECTION 4. DECISION.
NOW, THEREFORE, BE IT RESOLVED:
1. The Planning Commission of the City of Newport Beach hereby finds this Project is
categorically exempt from the California Environmental Quality Act under Section 15332
under Class 32 (In-Fill Development Projects) of the CEQA Guidelines, California Code
of Regulations, Title 14, Division 6, Chapter 3 because it has no potential to have a
significant effect on the environment.
2. The Planning Commission of the City of Newport Beach hereby approves a Major Site
Development Review, Staff Approval, and Traffic Study (PA2024-0070), subject to the
34
Planning Commission Resolution No. PC2025-003
Page 15 of 24
07-29-24
conditions outlined in Exhibit A, and the Applicant’s implementation of the
recommendations prescribed within the Parking Analysis included as Exhibit “B,” and the
Traffic Impact Analysis included as Exhibit “C,” which are attached hereto and incorporated
by reference.
3. This action shall become final and effective 14 days following the date this Resolution
was adopted unless within such time an appeal is filed with the City Clerk by the
provisions of Title 20 (Planning and Zoning), of the Newport Beach Municipal Code.
4. This resolution supersedes Planning Commission Use Permit No. 1939, which upon
vesting of the rights authorized by this conditional use permit, shall become null and
void.
PASSED, APPROVED, AND ADOPTED THIS 23RD DAY OF JANUARY, 2025.
AYES:
NOES:
ABSTAIN:
ABSENT:
BY:_________________________
Mark Rosene, Chair
BY:_________________________
David Salene, Secretary
35
Planning Commission Resolution No. PC2025-003
Page 16 of 24
07-29-24
EXHIBIT “A”
CONDITIONS OF APPROVAL
(Project-specific conditions are in italics)
Planning Division
1. The development shall be in substantial conformance with the approved site plan, floor
plans, and building elevations stamped and dated with the date of this approval (except as
modified by applicable conditions of approval).
2. PA2024-0070 shall expire unless exercised within 24 months from the date of approval as
specified in Section 20.54.060 (Time Limits and Extensions) of the NBMC, unless an
extension is otherwise granted.
3. The Project is subject to all applicable City ordinances, policies, and standards unless
specifically waived or modified by the conditions of approval.
4. The Applicant shall comply with all federal, state, and local laws. Violation of any of
those laws in connection with the use may be cause for revocation of this approval.
5. The parking structure shall serve tenants and visitors to the Property. Parking spaces shall
not be rented or sold for off-site uses without first notifying the Community Development
Director. The use of the parking structure as a parking facility, as defined in Chapter 20.70
(Definitions) of the NBMC, may require an amendment to PA2024-0070 and the
processing of a Use Permit.
6. Employees shall be required to park on-site. Employee parking spaces shall always be
accessible for employee vehicles and shall not be used for vehicle storage or display,
customer parking, or any other use. Employees shall not park on Orchard Drive, Irvine
Avenue, or any nearby public parking spaces.
7. The location, number, and dimensions of all parking spaces shall be in substantial
conformance with the plans stamped and dated with the date of this approval. The final
design of all on-site parking, vehicular circulation, and pedestrian circulation shall be
subject to the approval of the City Traffic Engineer.
8. All mechanical equipment shall be fully screened from view from the public right of way
and the surrounding properties in accordance with 20.30.020 (Buffering and Screening)
of the NBMC.
9. PA2024-0070 may be modified or revoked by the Planning Commission or City Council
should they determine that the proposed uses or conditions under which it is being
operated or maintained is detrimental to the public health, welfare or materially injurious
to property or improvements in the vicinity or if the property is operated or maintained
so as to constitute a public nuisance.
36
Planning Commission Resolution No. PC2025-003
Page 17 of 24
07-29-24
10. Any change in operational characteristics, expansion in the area, or other modification
to the approved plans, shall require subsequent Planning Division review and potentially
the processing of an amendment to this approval or the processing of a new entitlement.
11. Prior to the issuance of a building permit, a copy of the Resolution, including conditions
of approval Exhibit “A” shall be incorporated into the Building Division and field sets of
plans.
12. Prior to the issuance of a building permit, the Applicant shall submit to the Planning
Division an additional copy of the approved architectural plans for inclusion in the project
file. The plans shall be identical to those approved by all City departments for building
permit issuance. The approved copy shall include architectural sheets only and shall be
reduced in size to 11 inches by 17 inches. The plans shall accurately depict the elements
approved by PA2024-0070 and shall highlight the approved elements such that they are
readily discernible from other elements of the plans.
13. Prior to the issuance of a building permit, the Applicant shall submit a landscape and
irrigation plan prepared by a licensed landscape architect. These plans shall incorporate
drought-tolerant plantings and water-efficient irrigation practices, and the plans shall be
approved by the Planning Division.
14. All landscape materials and irrigation systems shall be maintained by the approved
landscape plan. All landscaped areas shall be maintained in a healthy and growing
condition and shall receive regular pruning, fertilizing, mowing, and trimming. All
landscaped areas shall be kept free of weeds and debris. All irrigation systems shall be
kept operable, including adjustments, replacements, repairs, and cleaning as part of
regular maintenance.
15. The site shall not be excessively illuminated based on the luminance recommendations
of the Illuminating Engineering Society of North America, or, in the opinion of the Director
of Community Development, the illumination creates an unacceptable negative impact
on surrounding land uses or environmental resources. The Director may order the
dimming of light sources or other remediation upon finding that the site is excessively
illuminated.
16. Prior to the issuance of a building permit, the Applicant shall prepare a photometric study
in conjunction with a final lighting plan for approval by the Planning Division. The survey
shall show that lighting values are “1” or less at all property lines.
17. Prior to the issuance of a building permit, the Applicant shall pay any unpaid
administrative costs associated with the processing of this application to the Planning
Division.
18. Prior to any change in use from general office or health/fitness facility to medical office,
the Applicant shall pay Fair Share Fees in accordance with Chapter 15.38 (Fair Share
Traffic Contribution Ordinance) of the NBMC. The fee may be paid in advance for the
37
Planning Commission Resolution No. PC2025-003
Page 18 of 24
07-29-24
entire conversion or incrementally based on individual tenant improvements at the rates
in effect at time of conversion.
19. All noise generated by the proposed use shall comply with the provisions of Chapter
10.26 (Community Noise Control), under Sections 10.26.025 (Exterior Noise Standards)
and 10.26.030 (Interior Noise Standards), and other applicable noise control
requirements of the NBMC.
20. Should the property be sold or otherwise come under different ownership, any future
owners or assignees shall be notified of the conditions of this approval by either the
current business owner, property owner or leasing agent.
21. Construction activities shall comply with Section 10.28.040 (Construction Activity—
Noise Regulations) of the NBMC, which restricts hours of noise-generating construction
activities that produce noise to between the hours of 7:00 a.m. and 6:30 p.m., Monday
through Friday, and 8:00 a.m. and 6:00 p.m. on Saturday. Noise-generating construction
activities are not allowed on Sundays, or Holidays.
22. No outside paging system shall be utilized in conjunction with this establishment.
23. All trash shall be stored within the building or within dumpsters stored in the trash
enclosure (three walls and a self-latching gate) or otherwise screened from view of
neighboring properties, except when placed for pick-up by refuse collection agencies.
The trash enclosure shall have a decorative solid roof for aesthetic and screening
purposes.
24. Trash receptacles for patrons shall be conveniently located both inside and outside of
the establishment, however, not located on or within any public property or right-of-way.
25. The exterior of the business shall be always maintained free of litter and graffiti. The owner
or operator shall provide for daily removal of trash, litter debris, and graffiti from the
premises and on all abutting sidewalks within 20 feet of the premises.
26. The Applicant shall ensure that the trash dumpsters and/or receptacles are maintained
to control odors. This may include the provision of either fully self-contained dumpsters
or periodic steam cleaning of the dumpsters if deemed necessary by the Planning
Division. Cleaning and maintenance of trash dumpsters shall be done in compliance
with the provisions of Title 14, including all future amendments (including Water Quality
related requirements).
27. Deliveries and refuse collection for the facility shall be prohibited between the hours of
10:00 p.m. and 7:00 a.m. on weekdays and Saturdays and between the hours of 10:00
p.m. and 9:00 a.m. on Sundays and Federal holidays unless otherwise approved by the
Director of Community Development and may require an amendment to this approval.
28. Storage outside of the building in the front or at the rear of the property shall be
prohibited, except for the required trash container enclosure.
38
Planning Commission Resolution No. PC2025-003
Page 19 of 24
07-29-24
29. A Special Events Permit is required for any event or promotional activity outside the
normal operating characteristics of the approved use, as conditioned, or that would
attract large crowds, involve the sale of alcoholic beverages, include any form of on-site
media broadcast, or any other activities as specified in the NBMC to require such
permits.
30. To the fullest extent permitted by law, the applicant shall indemnify, defend and hold
harmless the City, its City Council, its boards and commissions, officials, officers,
employees, and agents from and against any claims, demands, obligations, damages,
actions, causes of action, suits, losses, judgments, fines, penalties, liabilities, costs, and
expenses (including without limitation, attorney’s fees, disbursements, and court costs) of
every kind and nature whatsoever which may arise from or in any manner relate (directly
or indirectly) to City’s approval of Newport Irvine Medical Center including, but not limited
to the Site Development Review, Staff Approval, and Traffic Study filed as PA2024-0070.
This indemnification shall include, but not be limited to, damages awarded against the City,
if any, costs of suit, attorney’s fees, and other expenses incurred in connection with such
claim, action, causes of action, suit, or proceeding whether incurred by the applicant, City,
and/or the parties initiating or bringing such proceeding. The applicant shall indemnify the
City for all the City's costs, attorneys' fees, and damages that which City incurs in enforcing
the indemnification provisions outlined in this condition. The applicant shall pay to the City
upon demand any amount owed to the City under the indemnification requirements
prescribed in this condition.
Fire Department
31. Any modifications to the fire sprinkler system shall require a building permit reviewed
and approved by the Newport Beach Fire Department (NBFD).
32. The parking structure shall require an automatic fire sprinkler system in compliance with
NFPA 13.
33. Exterior canopies shall require fire sprinklers to be added in compliance with NFPA 13.
34. Occupancies with atriums connecting more than two stories shall have a fire alarm
system installed with smoke detection in locations required by a rational analysis, to be
reviewed by the NBFD.
35. A smoke control system shall be installed for the atrium.
36. Analysis of the current hydrant system shall be provided. Hydrants shall be required to
be installed in compliance with Chapter 5 and Appendix B of the California Fire Code
(CFC).
37. The atrium shall comply with Chapter 4 of the California Building Code (CBC).
38. Exterior wall coverings shall comply with Chapter 14 of the CBC.
39
Planning Commission Resolution No. PC2025-003
Page 20 of 24
07-29-24
39. Fire lane widths shall comply with NBFD Guideline C.01.
40. Fire lanes shall be identified in accordance with NBFD Guideline C.02.
41. The parking structure and existing primary structure shall have an Emergency
Responder Communication Coverage installed and permitted through NBFD and the
Orange County Sheriffs Communications.
42. The address on the exterior of the building shall comply with Section 9.04.170
(Amendments to Section 505.1.1 Premises Identification) of the NBMC.
43. The solar canopy above the parking structure shall comply with Chapter 12 of the CFC.
44. Egress for the structure and the atrium shall comply with Chapters 4 and 10 of the
CBC/CFC.
45. Prior to the issuance of a building permit, a Fire Master Plan shall be submitted,
reviewed, and approved by the NBFD.
46. Prior to the issuance of a building permit, a construction plan shall be submitted,
reviewed, and approved by the NBFD to identify fire department access. All weather
access shall be provided during construction. Construction cannot begin until fire
department access is approved by NBFD.
47. An 800 MHZ system for the medical office and parking structure is required, unless
otherwise demonstrated by the Applicant. To satisfy the condition, tests of the existing
building’s current system can be submitted to the NBPD for review and approval
Building Division
48. The building shall comply with the allowable area, number of stories and maximum height
per Chapter 5 of the CBC.
49. Exterior wall and opening protection between buildings and to the property line shall
comply with Section 705 of the CBC.
50. The atrium shall comply with Section 404 the CBC.
51. The egress balcony shall comply with Section 1021 of the CBC.
52. Exterior stairs shall comply with Section 1027 of the CBC.
53. Interior exit access stair shall comply with the Section 1019 of the CBC.
54. The plumbing fixture shall comply with Table 422.1 of the California Plumbing Code
(“CPC”).
40
Planning Commission Resolution No. PC2025-003
Page 21 of 24
07-29-24
55. An accessible path of travel is required from both the public right of way and the parking
areas to the building and tenant space.
56. Circulation paths contiguous to vehicular traffic shall be physically separated from
vehicular traffic pursuant to 11B-250.1 of the CBC.
57. Separate parking counts shall be provided for the parking structure and the surface
parking lot. Counts shall include the required accessible parking for each type of parking,
pursuant to 11B-208 of the CBC,
58. Pursuant to Table 5.106.5.3.1A of CalGreen, a table showing the required Electric
Vehicle (EV) parking shall be provided. Locations of EV Capable and EVCS shall be
shown on plans.
59. Accessible EV charging shall be provided. Accessible parking spaces shall not count
toward the requirement of EV accessible parking.
60. Bicycle parking shall comply with 5.1-6.4 of CalGreen standards.
Public Works Department
61. Parking layouts shall comply with City Standard 805. All dead-end drive aisle shall
provide a dedicated turn around area and 5-minimum drive aisle extension.
62. During construction, the temporary tenant parking layout shall comply with City Standard
805. Temporary tenant parking areas with dead-end drive aisle shall provide a dedicated
turn around area and 5-minimum drive aisle extension.
63. Temporary construction fencing shall be located to provide adequate sight distance at
all driveways, per City Standard 105.
64. All construction deliveries shall be accommodated on-site. No construction deliveries
shall occur within the public right-of-way.
65. No construction staging or queuing shall occur within the public right-of-way.
66. All construction vehicle parking shall occur on-site. No construction vehicle parking is
permitted within the public right-of-way.
67. No lane closures are permitted as part of the proposed construction activity unless a
temporary street and sidewalk closure permit has been obtained from the Public Works
Department. Traffic control plans shall be prepared and stamped by a registered
California Traffic Engineer. Plans shall be reviewed and approved by City of Newport
Beach Traffic Engineering.
41
Planning Commission Resolution No. PC2025-003
Page 22 of 24
07-29-24
68. Prior to any hauling activity, a haul route permit shall be obtained from the Public Works
Department.
69. Prior to Issuance of a building permit, a final Construction Management Plan shall be
reviewed and approved by the City Traffic Engineer and Community Development
Director.
70. All damaged or broken curb, gutter, and sidewalk along the Orchard Drive and/or Irvine
Avenue frontages shall be reconstructed per City Standards. Extent of reconstruction
shall be determined by Public Works Inspection staff.
71. All proposed City trees along the Orchard Drive frontage shall be installed per City
Standard and City Council Policy G-6.
72. The driveways along the Irvine Avenue (1) and Orchard Drive (2) shall be reconstructed
per City Standard 161. The extent of reconstruction shall be determined by Public Works
inspection staff.
73. Prior to Issuance of a building permit, Costa Mesa Sanitary District (CMSD) and Irvine
Ranch Water District (IRWD) shall review and approve the project. Documentation of
CMSD and IRWD approvals shall be required.
42
Planning Commission Resolution No. PC2025-003
Page 23 of 24
07-29-24
EXHIBIT “B”
PARKING STUDY AND PARKING MANAGEMENT RECOMMENDATIONS
Available separately due to bulk at:
https://www.newportbeachca.gov/Pln/PC_TEMP_LINK/PA2024-0070_Parking_Study.pdf
43
Planning Commission Resolution No. PC2025-003
Page 24 of 24
07-29-24
EXHIBIT “C”
TRAFFIC IMPACT ANALYSIS
Available separately due to bulk at:
https://www.newportbeachca.gov/Pln/PC_TEMP_LINK/PA2024-
0070_Traffic_Impact_Analysis.pdf
44
Attachment No. PC 2
Project Plans
45
IN
T
E
N
T
I
O
N
A
L
L
Y
B
L
A
N
K
P
A
G
E
46
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
&29(56+((7
352-(&77($0
3523(57<2:1(5
5('$1(:3257,59,1(//&0$&$57+85%/9'68,7(1(:3257%($&+&$
$5&+,7(&7
7:,167(36$5&+,7(&785(0$&$57+85%/9'68,7(,59,1(&$
3$5.,1*6758&785(&2168/7$17
&217$&7 (0$,/ 3+21(180%(5
-$621.52776-.52776#5('$//&&20
&217$&7 (0$,/ 3+21(180%(5
$5'(6+,5$=,$5'(#7:,167(36$5&+&20
75&3$5.,7(&766.<3$5.&,5&/(68,7(',59,1(&$
&217$&7 (0$,/ 3+21(180%(5
(50,$667()$126(50,$66#75&3$5.,7(&76&20
&,9,/(1*,1((5
/$1*$1&$,1&-$0%25((52$'68,7(,59,1(&$
&217$&7 (0$,/ 3+21(180%(5
&+$5/(6&+,$1*3(&&+,$1*#/$1*$1&20
/$1'6&$3(
&21&(378$/'(6,*1$1'3/$11,1*&203$1<6&(1,&'5,9(68,7(&267$0(6$&$
&217$&7 (0$,/ 3+21(180%(5
0$77.2+/(1%(5*(50.+/(1%(5*(5#&'3&,1&&20
1(:3257,59,1(0(',&$/&(17(5
%8,/',1*&219(56,21 )$&$'(5(129$7,21
3/$11,1*6(7
47
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
&2'(5(9,(:$1'&21',7,212)
$33529$/
/2&$7,210$3
352-(&76,7(
,668(' R ,668(' 5(9,6(' Ɣ
6+((7,1'(;6'
6+((7180%(5 6+((71$0(
3
/
$
1
1
,
1
*
6
8
%
0
,
7
7
$
/
3
/
$
1
1
,
1
*
5
(
6
8
%
0
,
7
7
$
/
$5&+,7(&785$/
$ &29(56+((7 R Ɣ
$ &2'(5(9,(:$1'&21',7,212)$33529$/$ 352326('6,7(3/$1 R Ɣ
$ 352326('/,)($1'6$)(7<3/$1),567)/225 R
$ 352326('/,)($1'6$)(7<3/$16(&21')/225 R
$ 352326('/,)($1'6$)(7<3/$17+,5')/225 R$ (;,67,1*)/2253/$1%$6(0(17 R Ɣ
$ (;,67,1*)/2253/$1),567)/225 R Ɣ
$ (;,67,1*)/2253/$16(&21')/225 R Ɣ$ (;,67,1*)/2253/$17+,5')/225 R Ɣ$ 352326(')/2253/$1),567)/225 R Ɣ
$ 352326(')/2253/$16(&21')/225 R Ɣ
$ 352326(')/2253/$17+,5')/225 R Ɣ$ 522)3/$1 R Ɣ$ (;,67,1*%8,/',1*(/(9$7,216 R Ɣ
$ (;,67,1*%8,/',1*(/(9$7,216 R Ɣ
$ (;,67,1*%8,/',1*(/(9$7,216 R Ɣ$ 352326('%8,/',1*(/(9$7,216 R Ɣ$ 352326('%8,/',1*(/(9$7,216 R Ɣ
$ 352326('%8,/',1*(/9$7,216 R Ɣ
$ 352326('%8,/',1*(/(9$7,216&2/25(' R Ɣ$ 352326('%8,/',1*(/(9$7,216&2/25(' R Ɣ$ 352326('%8,/',1*(/(9$7,216&2/25(' R Ɣ
$ '9,(:6(;7(5,25 R Ɣ
$ '9,(:6,17(5,25 R Ɣ
6,7(6859(<
6+((72) $/7$1636/$1'7,7/(6859(< R
6+((72) 7232*5$3+,&6859(< R6+((72) 7232*5$3+,&6859(< R
6+((72) 7232*5$3+,&6859(< R
&2'(5(9,(:127(6
-85,6',&7,21
%8,/',1*&2'(6
=21,1*
2&&83$1&<&/$66,),&$7,21 3(5&+$3
7<3(2)&216758&7,21 3(5&+$3
%8,/',1*$5($ 3(5
%8,/',1*+(,*+7 3(57$%/(
6,7($1$/<6,6
),5(3527(&7,21
2&&83$17/2$'
3/80%,1*),;785(&2817
),5((;7,1*8,6+(56
63(&,$/,163(&7,216
180%(52)6725,(6 3(57$%/(
$31
&,7<2)1(:3257%($&+
1(:3257%($&+$'0,1,675$7,9(&2'(,17(51$7,21$/3523(57<0$,17(1$1&(&2'(&$/,)251,$%8,/',1*&2'(&$/,)251,$(/(&75,&$/&2'(&$/,)251,$0(&+$1,&$/&2'(&$/,)251,$3/80%,1*&2'(1(:3257%($&+(;&$9$7,21$1'*5$',1*&2'(&$/,)251,$*5((1%8,/',1*67$1'$5'6&2'(&$/,)251,$(;,67,1*%8,/',1*&2'(&$/,)251,$(1(5*<&2'(62/$56<67(06(/(&75,&$/9(+,&/(&+$5*,1*67$7,2181'(5*5281'87,/,7,(61(:3257%($&+)/22''$0$*(35(9(17,211(:3257%($&+&216758&7,216,7()(1&,1*$1'6&5((1,1*
2* 2)),&(*(1(5$/
%
,, %
$1'87,/,7<%$6(0(17
%$6(0(17),567)/2256(&21')/2257+,5')/225727$/*5266
(;,67,1* )((7
$8720$7,&635,1./(56<67(0
5()(56,7(3/$1
5()(5&2'( /,)(6$)(7<3/$16 $$$
5()(5&2'( /,)(6$)(7<3/$16 $$$
5()(5&2'( /,)(6$)(7<3/$16 $$$
7+(2:1(56+$//3529,'($1,1'(3(1'(177(67,1*$*(1&<)257+(63(&,$/,163(&7,2163529,6,216$65(48,5('%<$33/,&$%/(&2'( $6287/,1(',17+(352-(&7'2&80(176
$//2:$%/( 6)3(5)/225
$//2:$%/(
2&&83$1&<6(3$5$7,21 0,;('86(3(5 +2855$7(' $ %
$//2:$%/(
(;,775$9(/ 5()(5&2'( /,)(6$)(7<3/$16 $$$
6) 6) 6) 6) 6)
(;,67,1*
6) 6) 6) 6) 6)
352326('
352326(' )((7 0$,13$5$3(77+528*+287 )((7 $77+(1(:$75,80(175$1&(
7+5((6725<0(',&$/2)),&(%8,/',1*&2'($1$/<6,6 )257+(3$5.,1**$5$*(6758&785(6((3$
9,&,1,7<0$3
352-(&7/2&$7,21
&21',7,212)$33529$/ 83
7<3(2)&216758&7,21$1$/<6,6
),5(5(6,67$175$7,1*7<3(,,%%8,/',1*(/(0(176 3(57$%/(&%&
35,0$5<6758&785$/)5$0( 5$7,1* %($5,1*:$//6(;7(5,25 5$7,1* %($5,1*:$//6,17(5,25 5$7,1* 121%($5,1*:$//6 3$57,7,216(;7(5,25 5$7,1* 7$%/( ; 121%($5,1*:$//6 3$57,7,216,17(5,25 5$7,1* )/225$1'$662&,$7('6(&21'$5<0(0%(56 5$7,1* 522) 6(&21'$5<6758&785( 5$7,1*
),5(5(6,67$175$7,1*2)(;7(5,25:$//6 7$%/(
7<3(,,%
/(667+$1
+285
72
+285
72
5$7,1*
25*5($7(5 5$7,1*
127( )257+(1(:3$5.,1*6758&785(&2'($1$/<6,66((3$
7+5((6725<0(',&$/2)),&(%8,/',1*
$//2:$%/((;7(5,2523(1,1*6
)/225$5($5$7,2 )$5 +(,*+7
/,0,7 3/$11,1*$1'=21,1*
6725<0(',&$/2)),&(%8,/',1*),567)/225 6)6(&21')/225 6)7+,5')/225 6)352326('727$/ :,7+287%$6(0(17 6))/225$5($5$7,2
)/225$5($$//2:('3(586(3(50,7 6) )$5 $1' 87,/,7<5220%$6(0(17
3$5.,1*6758&785()/225$5($),567)/225 6)6(&21')/225 6)7+,5')/225 6)727$/ 6)
%8,/',1*+(,*+7 (;,67,1* )((7 3(586(3(50,7 %8,/',1*+(,*+7 352326(' )((7 0$,13$5$3(7)((7 $71(:$75,80(175$1&(
3$5.,1*6758&785(+(,*+7
3$5$3(7$77+(7,(56(&21'/(9(/
$77232)39
$//2:('+(,*+7/,0,7 )((7)25)/$7522)3$5$3(7)((7 )/$7522)3$5$3(7 :,7+$33529$/2)5(48(67('6,7('(9(/230(175(9,(:
3(57$%/(
3$57,$/6287+(/(9$7,21)$&$'()$&,1*7+(1(:3$5.,1*6758&785( ),567)/225 6)6(&21')/225 6)7+,5')/225 6)3$5$3(7 6)),5(6(3$5$7,21',67$1&(
;
$//2:$%/($5($
23(1,1*3527(&7,21 813527(&7('635,1./(5('),567)/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*( 6(&21')/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*( 7+,5')/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*(
3$57,$/:(67(/(9$7,21)$&$'()$&,1*7+(3523(57</,1( 6)),5(6(3$5$7,21',67$1&(
;
$//2:$%/($5($ 12/,0,7
127( 7+(5(672)7+((;7(5,25)$&$'(/,1(6727+(&/26(73523(57</,1($5(025(7+$1
48
7+5((6725<0(',&$/2)),&(%8,/',1*
25
&
+
$
5
'
'
5
,59,1($9(
1(:3$5.,1*
6758&785(
723/
723/
$6680('3/
$6680('3/
7
2
3
/
7
2
3
/
7
2
3
/
7<3
723/
7<3
7<3
723/
6)
7<3
7<3
7<3
7<3
7<3
7<3
7<3
0,1
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
0,1
7<3
0,1
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
$VLQGLFDWHG
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('6,7(3/$1
6&$/(
$352326('6,7(3/$1
6,7($5($ 6)
=21,1* 2* 2)),&(*(1(5$/
7<3(2)&216758&7,21 ,,%
)8//<635,1./(' <(6
352-(&7'$7$
%8,/',1*$5($(;,67,1*352326(' *5266
%$6(0(17 6)6)
),567)/225 6)6)
6(&21')/225 6) 6)
7+,5')/225 6)6)
727$/*5266 6) 6)
3$5.,1*5(48,5('
0(',&$/ # 67$//6
727$/ 67$//6
3$5.,1*3529,'('
67$1'$5' 67$//6 ,136
(9 67$//6 ,136
$&&(66,%/(67$//6 9$1$&&(66,%/(
727$/67$//6 216,7(,136
3/$11257+
/$1'6&$3(
6((/$1'6&$3(6+((7/
3$5&(/12
3/$1127(6
$//1(:0(&+$1,&$/(48,30(17 *(1(5$7253$' :,//%(6&5((1(')5209,(:3(51%0&%8))(5,1*$1'6&5((1,1* 352-(&772%(&203/,$17:,7+6(&7,21(;7(5,2512,6(67$1'$5'6
6725<0(',&$/2)),&(%8,/',1*
6,7(3/$1/(*(1'
6<0%2/'(),1(67+($&&(66,%/(3$7+2)75$9(/$//6,'(:$/.66+$//%($0,1,0802),1:,'7+:,7+$0$;',5(&7,21$/6/23(:,7+$0$;&52666/23(:+(17+(3$7+2)75$9(/&5266(69(+,&8/$575$)),&:$<7+(685)$&(6+$//%(3$,17(':,7+3$%&275$)),&/,1(3$,17:+,7(7+(675,33,1*6+$//%(,1:,'7+3529,'($'(7(&7$%/(:$51,1*675,3:+,&+,6'((3$1'7+(:,'7+2)7+(:$/.:$<:+(1&5266,1*$9(+,&8/$5'5,9(
.(<127(62/'
3523(57</,1(
(;,67,1*/$1'6&$3(725(0$,1 (;,67,1*3$5.,1*67$//6725(0$,1
(;,67,1*&21&5(7(:$/.725(0$,1
(;,67,1*0(&+$1,&$/%$6(0(17725(0$,1
$,$%8,/',1* 25&+$5''5 (;,67,1*3$5.,1*725(0$,1 (;,67,1*$&3$9,1*725(0$,1
(;,67,1*63(('%803
(;,67,1*&,7<6,'(:$/.
(;,67,1*/,*+732/(725(0$,1 (;,67,1*75((725(0$,1
.(<127(61(:
1(:&21&5(7(6,'(:$/. 1(:&21&5(7(,6/$1'
1(:&21&5(7(3$'
',$[$))&21&5(7(),//('*$/9$1,=('67((/3,3(%2//$5'5281'7233$,17 1(:$&&(66,%(3$5.,1*67$//6
1(:%5,'*(726(&21'/(9(/2)1(:3$5.,1*6758&785(
1(:75$6+(1&/2685(72%(&203/,(':,7+1%0&62/,':$67($1'5(&<&/$%/(0$7(5,$/66725$*(
'$6+('/,1(,1',&$7(61(:%5,'*(726(&21'/(9(/2)1(:3$5.,1*6758&785( 9(+,&8/$53$9(56)25),5(758&.7851$5281'
'$6+('/,1(,1',&$7(6&$123<$%29(
1(:$&&(66,%/(3$7+2)75$9(/7238%/,&5,*+72):$<6((&,9,/'5$:,1*6
1(:)((77581&$7(''20(66((&,9,/'5$:,1*6 1(:/$1'6&$3(5()(5/$1'6&$3('5$:,1*
1(:(93$5.,1*67$//6
+$7&+3$77(51$5($6+2:67+(),5($33$5$786$&&(665287(3(5&,7<2)1(:3257%($&+),5('(3$570(175(48,5(0(17 +$00(5+($'7851
1(:$&&(66,%/((99$13$5.,1* 1(:5(*8/$53$5.,1*67$//6
352326('30(21
;
&21&5(7(3$'
352326('&21&5(7(3$')25)8785(*(1(5$725 352326('6:,7&+*($5 352326('*(1(5$725
'$6+('/,1(5(35(6(17)((729(5+$1*217+(/$1'6&$3($5($
'$6+('/,1(5(35(6(17)((7,1&+(629(5+$1*217+(/$1'6&$3($5($ '$6+('/,1(5(35(6(17)22729(5+$1*217+(&21&5(7(6,'(:$/.
352326('&$3$&,72521; &21&5(7(3$'
1(:*5$9(/$5($
352326('6725,(6$75,80
(9$&&(66,%/(67$//6 9$1$&&(66,%/(
49
6)
)8785(7(1$17
%6)
:20(1
65(67220
0(1
65(675220
( (/(&6)
( 0$,/5220
%6)
6)
)8785(7(1$17%6)
6)
)8785(7(1$17
%6)
0(',&$/'5232))
1 (/(&75,&$/3$1(/5220
1 (/(&75,&$/3$1(/5220
0(',&$/'5232))
6)
+$//:$<%6)
(
;,7
(
;,7
(;,7
(;,7
(;
,
7
(;,7(;,7(;,7
( 67$,5
1 67$,5
( 67$,5
$: 5:
&37737
&3
7
73
7
73
7
&3
7
73
7
$
1
'
7
3
7
737
&73
737
6)
)8785(7(1$17
%6)
6)
)8785(7(1$17
%6)
6)
)8785(7(1$17%6)
6)
+$//:$< %6)
6)
)8785(7(1$17
%6)
6)
/2%%<$6)
1 -$1,725
$
%
( 87,/,7<%$6(0(17
(;,7
$75,806+$//&203/<:,7+2)&%&
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('/,)($1'6$)(7<3/$1
),567)/225
/,)(6$)(7<2&&83$1&<7<3(
/(*(1'
/,)(6$)(7<2&&83$17
/2$'$1$/<6,6
%8,/',1*$5($
),5(3527(&7,21
6)
$8720$7,&635,1./(5
2&&83$17/2$'
),567)/225 %86,1(66 6)
3(57$%/( 0$;,080&200213$7+2)75$9(/',67$1&(
3(57$%/( 180%(52)(;,763(56725<
5(48,5(' 3529,'('
3(57$%/( &255,'25),5(5(6,67$1&(5$7,1* 1275(48,5('
3(57$%/( 0,1,080&255,'25:,'7+ 2&&83$17/2$'025(7+$1
3(5 0$;,080'($'(1'&255,'25/(1*7+
2&&
)/225
5(48,5(' 3529,'(' )/225
5(48,5(' )((73529,'(' 5()(53$7+2)75$9(/&+$57%86,1(66
3(57$%/( 0$;,08075$9(/',67$1&(
$//2:(' )((73529,'(' 5()(53$7+2)75$9(/&+$57%86,1(66
3(5 0,1,08067$,5:$<:,'7+:,7+635,1./('
127025(7+$1
67$,5
67$,5
2&&83$1&<&/$66,),&$7,21 3(5&+$3 %
2&&83$1&<6(3$5$7,21 0,;('86(3(5 126(3$5$7,21 3(57+((1&/2685(2)$75,806+$//%(6(3$5$7(')520$'-$&(1763$&(6%<$+285),5(%$55,(5&216758&7(',1$&&25'$1&(:,7+6(&7,2125$+25,=217$/$66(0%/<&216758&7(',1$&&25'$1&(:,7+6(&7,2125%27+
6(&21')/225 %86,1(66 6)2&&
7+,5')/225 %86,1(66 6)2&&
5(48,5(' 3529,'(' )/225
67$,5 2&&/2$'
2&&/2$'
2&&/2$'
3$7+2)75$9(/),567)/225
'(6&5,37,21 75$9(/',67$1&(
&200213$7+2)75$9(/&37
&37
&37
&37
727$/3$7+2)75$9(/
737
737
737
737
737
/,)(6$)(7<3/$1/(*(1'
(;,67,1*5$7(':$//
1(:5$7(':$//+55$7('
52201$0(6)6)%
5: $:
(;,76,*1:',5(&7,21$552: $65(4
'
52201$0(5220180%(5
2&&83$1&</2$')$&7253(56)52202&&83$1&<&2817
52202&&83$1&<7<3(
52202&&83$1&<7$*120(1&/$785(
5220648$5()227$*(
'225(*5(667$*120(1&/$785(
2&&83$1&<&2817
$&78$/&/($5:,'7+ $: 2)'2253(5&2'(
5(48,5('&/($5:,'7+ 5: 2)'225 2&&83$17/2$'[ 121635,1./('635,1./(' 635,1./(':$1181 0,1,080:,'7+
2&&83$1&<7$*120(1&/$785(
2&&83$1&<&2817
%8,/',1*(;,7(;,7
(*5(663$7+&200213$7+2)75$9(/
(*5(663$7+727$/75$9(/',67$1&(
3/$11257+
3/80%,1*),;785(5(48,5(0(176
2&&83$1&<7<3(180%(52)2&&83$176
0(1 2&&83$176 :20(1 2&&83$176 '5,1.,1*)2817$,165(48,5('
'5,1.,1*)2817$,163529,'('
6(59,&(6,1.65(48,5('
6(59,&(6,1.63529,'(':$7(5&/26(76 85,1$/6 /$9$725,(6 :$7(5&/26(76 /$9$725,(6
5(48,5(' 3529,'(' 5(48,5(' 3529,'(' 5(48,5(' 3529,'(' 5(48,5(' 3529,'('5(48,5('3529,'('
),567)/225%86,1(66 % a
6(&21')/225%86,1(66 %
7+,5')/225
%86,1(66 %
6&$/(
%352326('/,)($1'6$)(7<3/$1 ),567)/225
/,)(6$)(7<2&&83$17/2$'
2&&83$1&<7<3(5220180%(5 1$0( $5($
/2$')$&725 2&&83$17/2$'
),567)/225
$ /2%%< 6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% :20(1
65(67220 6) 6)
% 0(1
65(675220 6) 6)% ( (/(& 6) 6)% ( 0$,/5220 6) 6)
% )8785(7(1$17 6) 6)
% 0(',&$/'5232)) 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 0(',&$/'5232)) 6) 6)
% +$//:$< 6) 6) % )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% +$//:$< 6) 6) % )8785(7(1$17 6) 6)
% 1 -$1,725 6) 6)
6(&21')/225
$
6(&21')/225&20021$5($6) 6)
% :20(1
65(675220 6) 6)
% 0(1
65(675220 6) 6)% ( 635,1./(55220 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% 0(',&$/'5232)) 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 0(',&$/'5232)) 6) 6)
% +$//:$< 6) 6)
/,)(6$)(7<2&&83$17/2$'
2&&83$1&<7<3(5220180%(5 1$0( $5($
/2$')$&725 2&&83$17/2$'
%+$//:$< 6) 6)
% 1 -$1,725 6)
% ( (/(&6) 6)
7+,5')/225
$
7+,5')/225&20021$5($6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% :20(1
65(675220 6) 6)
% 0(1
65(675220 6) 6)% ( 635,1./(55220 6) 6)% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% ( %2,/(55220 6) 6)
% ( &22/,1*72:(5 6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% 0(',&$/'5232)) 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 0(',&$/'5232)) 6) 6)
%+$//:$<6) 6)
%+$//:$<6) 6)
% 1 -$1,725 6)
%86,1(66 %
0$/(
)(0$/(
:$7(5&/26(7 85,1$/
0$/(
/$9$725<
0$/(
)(0$/(
%$7+78%6256+2:(5
'5,1.,1*)2817$,1 6(59,&(6,1.
3(56(59,&(6,1.25/$81'5<75$<
29(5$''),;785()25($&+$'',7,21$/0$/(6$1'),;785()25($&+$'',7,21$/)(0$/(6
29(5$''),;785()25($&+$'',7,21$/0$/(6
29(5$''),;785()25($&+$'',7,21$/0$/(6$1'),;785()25($&+$'',7,21$/)(0$/(6
29(5$''),;785()25($&+$'',7,21$/3(5621
7$%/(0,1,0803/80%,1*)$&,/,7,(6
127( ,17(5,25(;,7$&&(6667$,56+$//&203/<:,7+ 2)&%&
50
6)
)8785(7(1$17%6)
6)
)8785(7(1$17
%6)
6)
)8785(7(1$17%6)
6)
)8785(7(1$17%6)
6)
)8785(7(1$17
%6)
:20(1
65(675220
0(1
65(675220
( 635,1./(55220
6)
)8785(7(1$17%6)
6)
)8785(7(1$17%6)
6)
)8785(7(1$17
%6)
6)
)8785(7(1$17%6)
6)
6(&21')/225&20021$5($$6)
6)
+$//:$<
%6)
6)
+$//:$<
%6)
0(',&$/'5232))
1 (/(&75,&$/3$1(/5220
1 (/(&75,&$/3$1(/5220
0(',&$/'5232))
(;,7
(
;,7
(;,7
( 67$,5
1 67$,5
( 67$,5
73
7
&3
7
&3
7
&37
737
737
&37
737
&37
737
&3
7
73
7
1 -$1,725
$
%
( (/(& ( 6+$)7
23(172%(/2:
23(172%(/2:
127( ,17(5,25(;,7$&&(6667$,56+$//&203/<:,7+ 2)&%&
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('/,)($1'6$)(7<3/$1
6(&21')/225
6&$/(
% 352326('/,)($1'6$)(7<3/$1 6(&21')/225
/,)(6$)(7<2&&83$1&<7<3(
/(*(1'
/,)(6$)(7<2&&83$17
/2$'$1$/<6,6
%8,/',1*$5($
),5(3527(&7,21
6)
$8720$7,&635,1./(5
2&&83$17/2$'
),567)/225 %86,1(66 6)
3(57$%/( 0$;,080&200213$7+2)75$9(/',67$1&(
3(57$%/( 180%(52)(;,763(56725<
5(48,5(' 3529,'('
3(57$%/( &255,'25),5(5(6,67$1&(5$7,1* 1275(48,5('
3(57$%/( 0,1,080&255,'25:,'7+ 2&&83$17/2$'025(7+$1
3(5 0$;,080'($'(1'&255,'25/(1*7+
2&&
)/225
5(48,5(' 3529,'(' )/225
5(48,5(' )((73529,'(' 5()(53$7+2)75$9(/&+$57%86,1(66
3(57$%/( 0$;,08075$9(/',67$1&(
$//2:(' )((73529,'(' 5()(53$7+2)75$9(/&+$57%86,1(66
3(5 0,1,08067$,5:$<:,'7+:,7+635,1./('
127025(7+$1
67$,5
67$,5
2&&83$1&<&/$66,),&$7,21 3(5&+$3 %
2&&83$1&<6(3$5$7,21 0,;('86(3(5 126(3$5$7,21 3(57+((1&/2685(2)$75,806+$//%(6(3$5$7(')520$'-$&(1763$&(6%<$+285),5(%$55,(5&216758&7(',1$&&25'$1&(:,7+6(&7,2125$+25,=217$/$66(0%/<&216758&7(',1$&&25'$1&(:,7+6(&7,2125%27+
6(&21')/225 %86,1(66 6)2&&
7+,5')/225 %86,1(66 6)2&&
5(48,5(' 3529,'(' )/225
67$,5 2&&/2$'
2&&/2$'
2&&/2$'
/,)(6$)(7<3/$1/(*(1'
(;,67,1*5$7(':$//
1(:5$7(':$//+55$7('
52201$0(6)6)
%
5: $:
(;,76,*1:',5(&7,21$552: $65(4
'
52201$0(5220180%(5
2&&83$1&</2$')$&7253(56)52202&&83$1&<&2817
52202&&83$1&<7<3(
52202&&83$1&<7$*120(1&/$785(
5220648$5()227$*(
'225(*5(667$*120(1&/$785(
2&&83$1&<&2817
$&78$/&/($5:,'7+ $: 2)'2253(5&2'(
5(48,5('&/($5:,'7+ 5: 2)'225 2&&83$17/2$'[ 121635,1./('635,1./(' 635,1./(':$1181 0,1,080:,'7+
2&&83$1&<7$*120(1&/$785(
2&&83$1&<&2817
%8,/',1*(;,7(;,7
(*5(663$7+&200213$7+2)75$9(/
(*5(663$7+727$/75$9(/',67$1&(
3/80%,1*),;785(5(48,5(0(176
2&&83$1&<7<3(180%(52)2&&83$176
0(1 2&&83$176 :20(1 2&&83$176 '5,1.,1*)2817$,165(48,5('
'5,1.,1*)2817$,163529,'('
6(59,&(6,1.65(48,5('
6(59,&(6,1.63529,'(':$7(5&/26(76 85,1$/6 /$9$725,(6 :$7(5&/26(76 /$9$725,(6
5(48,5(' 3529,'(' 5(48,5(' 3529,'(' 5(48,5(' 3529,'(' 5(48,5(' 3529,'(' 5(48,5(' 3529,'('
),567)/225%86,1(66 % a
6(&21')/225%86,1(66 %
7+,5')/225
%86,1(66 %
3/$11257+
/,)(6$)(7<2&&83$17/2$'
2&&83$1&<7<3(5220180%(5 1$0( $5($
/2$')$&725
2&&83$17/2$'
6(&21')/225
$
6(&21')/225&20021$5($6) 6)
% :20(1
65(675220 6) 6)
% 0(1
65(675220 6) 6)
% ( 635,1./(55220 6) 6)% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% 0(',&$/'5232)) 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 0(',&$/'5232)) 6) 6)
3$7+2)75$9(/6(&21')/225
'(6&5,37,21 75$9(/',67$1&(
&200213$7+2)75$9(/&37
&37
&37
&37
&37
727$/3$7+2)75$9(/
737
737
737
737
737
737
737
/,)(6$)(7<2&&83$17/2$'
2&&83$1&<7<3(5220180%(5 1$0( $5($
/2$')$&725
2&&83$17/2$'
%+$//:$< 6) 6)
%+$//:$<6) 6) % 1 -$1,725 6)% ( (/(&6) 6)
7+,5')/225
$7+,5')/225&20021$5($6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6) % :20(1
65(675220 6) 6)
% 0(1
65(675220 6) 6)
% ( 635,1./(55220 6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% ( %2,/(55220 6) 6)% ( &22/,1*72:(5 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% 0(',&$/'5232)) 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 0(',&$/'5232)) 6) 6)
%+$//:$<6) 6) %+$//:$<6) 6)
% 1 -$1,725 6)
%86,1(66 %
0$/(
)(0$/(
:$7(5&/26(7 85,1$/
0$/(
/$9$725<
0$/(
)(0$/(
%$7+78%6256+2:(5
'5,1.,1*)2817$,1 6(59,&(6,1.
3(56(59,&(6,1.25/$81'5<75$<
29(5$''),;785()25($&+$'',7,21$/0$/(6$1'),;785()25($&+$'',7,21$/)(0$/(6
29(5$''),;785()25($&+$'',7,21$/0$/(6
29(5$''),;785()25($&+$'',7,21$/0$/(6$1'),;785()25($&+$'',7,21$/)(0$/(6
29(5$''),;785()25($&+$'',7,21$/3(5621
7$%/(0,1,0803/80%,1*)$&,/,7,(6
51
6)
)8785(7(1$17%6)6)
)8785(7(1$17%6)
6)
)8785(7(1$17
%6) 6)
)8785(7(1$17%6)
( %2,/(55220
( &22/,1*72:(5
0(1
65(675220
:20(1
65(675220
( 635,1./(55220
6)
)8785(7(1$17%6)
6)
)8785(7(1$17
%6)
6)
)8785(7(1$17
%6)
6)
)8785(7(1$17%6)
6)
7+,5')/225&20021$5($
$6)
0(',&$/'5232)) 1 (/(&75,&$/3$1(/5220
1 (/(&75,&$/3$1(/5220
0(',&$/'5232))
(;
,
7
(;,7
(;
,
7
( 67$,5
1 67$,5
( 67$,5
6)
+$//:$<
%6)
6)
+$//:$<%6)
&37
737
&37
737
&37
737
&37737
&37
737
737
737 737
1 -$1,725
$
%
23(172%(/2:
23(172%(/2:
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('/,)($1'6$)(7<3/$1
7+,5')/225
3/$11257+
/,)(6$)(7<2&&83$1&<7<3(
/(*(1'
/,)(6$)(7<2&&83$17
/2$'$1$/<6,6
%8,/',1*$5($
),5(3527(&7,21
6)
$8720$7,&635,1./(5
2&&83$17/2$'
),567)/225 %86,1(66 6)
3(57$%/( 0$;,080&200213$7+2)75$9(/',67$1&(
3(57$%/( 180%(52)(;,763(56725<
5(48,5(' 3529,'('
3(57$%/( &255,'25),5(5(6,67$1&(5$7,1* 1275(48,5('
3(57$%/( 0,1,080&255,'25:,'7+ 2&&83$17/2$'025(7+$1
3(5 0$;,080'($'(1'&255,'25/(1*7+
2&&
)/225
5(48,5(' 3529,'(' )/225
5(48,5(' )((73529,'(' 5()(53$7+2)75$9(/&+$57%86,1(66
3(57$%/( 0$;,08075$9(/',67$1&(
$//2:(' )((73529,'(' 5()(53$7+2)75$9(/&+$57%86,1(66
3(5 0,1,08067$,5:$<:,'7+:,7+635,1./('
127025(7+$1
67$,5
67$,5
2&&83$1&<&/$66,),&$7,21 3(5&+$3 %
2&&83$1&<6(3$5$7,21 0,;('86(3(5 126(3$5$7,21 3(57+((1&/2685(2)$75,806+$//%(6(3$5$7(')520$'-$&(1763$&(6%<$+285),5(%$55,(5&216758&7(',1$&&25'$1&(:,7+6(&7,2125$+25,=217$/$66(0%/<&216758&7(',1$&&25'$1&(:,7+6(&7,2125%27+
6(&21')/225 %86,1(66 6)2&&
7+,5')/225 %86,1(66 6)2&&
5(48,5(' 3529,'(' )/225
67$,5 2&&/2$'
2&&/2$'
2&&/2$'
/,)(6$)(7<3/$1/(*(1'
(;,67,1*5$7(':$//
1(:5$7(':$//+55$7('
52201$0(6)6)
%
5: $:
(;,76,*1:',5(&7,21$552: $65(4
'
52201$0(5220180%(5
2&&83$1&</2$')$&7253(56)52202&&83$1&<&2817
52202&&83$1&<7<3(
52202&&83$1&<7$*120(1&/$785(
5220648$5()227$*(
'225(*5(667$*120(1&/$785(
2&&83$1&<&2817
$&78$/&/($5:,'7+ $: 2)'2253(5&2'(
5(48,5('&/($5:,'7+ 5: 2)'225 2&&83$17/2$'[ 121635,1./('635,1./(' 635,1./(':$1181 0,1,080:,'7+
2&&83$1&<7$*120(1&/$785(
2&&83$1&<&2817
%8,/',1*(;,7(;,7
(*5(663$7+&200213$7+2)75$9(/
(*5(663$7+727$/75$9(/',67$1&(
3/80%,1*),;785(5(48,5(0(176
2&&83$1&<7<3(180%(52)2&&83$176
0(1 2&&83$176 :20(1 2&&83$176 '5,1.,1*)2817$,165(48,5('
'5,1.,1*)2817$,163529,'('
6(59,&(6,1.65(48,5('
6(59,&(6,1.63529,'(':$7(5&/26(76 85,1$/6 /$9$725,(6 :$7(5&/26(76 /$9$725,(6
5(48,5(' 3529,'(' 5(48,5(' 3529,'(' 5(48,5(' 3529,'(' 5(48,5(' 3529,'('5(48,5('3529,'('
),567)/225%86,1(66 % a
6(&21')/225%86,1(66 %
7+,5')/225
%86,1(66 %
6&$/(
%352326('/,)($1'6$)(7<3/$1 7+,5')/225
/,)(6$)(7<2&&83$17/2$'
2&&83$1&<7<3(5220180%(5 1$0( $5($
/2$')$&725 2&&83$17/2$'
7+,5')/225
$
7+,5')/225&20021$5($6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% :20(1
65(675220 6) 6)% 0(1
65(675220 6) 6)
% ( 635,1./(55220 6) 6)
% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6) % )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% ( %2,/(55220 6) 6)% ( &22/,1*72:(5 6) 6)% )8785(7(1$17 6) 6)
% )8785(7(1$17 6) 6)
% 0(',&$/'5232)) 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 1 (/(&75,&$/3$1(/5220 6) 6)
% 0(',&$/'5232)) 6) 6)
% +$//:$< 6) 6) % +$//:$< 6) 6) % 1 -$1,725 6)
3$7+2)75$9(/7+,5')/225
'(6&5,37,21 75$9(/',67$1&(
&200213$7+2)75$9(/&37
&37
&37
&37
&37
727$/3$7+2)75$9(/
737
737
737
737
737
737
737
737
%86,1(66 %
0$/(
)(0$/(
:$7(5&/26(7 85,1$/
0$/(
/$9$725<
0$/(
)(0$/(
%$7+78%6256+2:(5
'5,1.,1*)2817$,1 6(59,&(6,1.
3(56(59,&(6,1.25/$81'5<75$<
29(5$''),;785()25($&+$'',7,21$/0$/(6$1'),;785()25($&+$'',7,21$/)(0$/(6
29(5$''),;785()25($&+$'',7,21$/0$/(6
29(5$''),;785()25($&+$'',7,21$/0$/(6$1'),;785()25($&+$'',7,21$/)(0$/(6
29(5$''),;785()25($&+$'',7,21$/3(5621
7$%/(0,1,0803/80%,1*)$&,/,7,(6
127( ,17(5,25(;,7$&&(6667$,56+$//&203/<:,7+ 2)&%&
52
((
''
&&
%%
$$
( )$15220
( &21&5(7(%$6(
( &21&5(7(%$6(
( &21&5(7(%$6(
( 75$16)250(5
( (/(&75,&$/5220
( &+,//(55220
( (/(96+$)7
( 7(/(3+21((48,30(175220
( (/(9$725&21752/5220
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
(;,67,1*)/2253/$1 %$6(0(17
6&$/(
$)/2253/$1 %$6(0(17 )255()(5(1&(21/<
3/$11257+.(<127(62/'
(;,67,1*0(&+$1,&$/%$6(0(17725(0$,1 (;,67,1*67$,5&$6(72*(7727+(%$6(0(17
53
))
((
''
&&
%%
$$
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
( 87,/,7<%$6(0(17
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
(;,67,1*)/2253/$1 ),567)/225
6&$/(
%352326(''(023/$1 ),567)/225
3/$11257+
.(<127(62/'
5(029((;,67,1*121%($5,1*,17(5,25:$//6)/225,1*&(,/,1*(/(&75,&$/$1'3/80%,1*(48,30(176,17+((17,5(7<&87%$&.726285&($//3/80%,1*$1'(/(&75,&$/
(;,67,1*5(675220672%(02',),('720((7&855(17$&&(66,%,/,7<&2'(6
(;,67,1*(;7(5,25&857$,1:$// 6,1*/(*/$=(' 72%(5(3/$&(':,7+1(:,168/$7(''28%/(*/$=('6<67(0
*&725(129$7(&$%,1),1,6+(63(50$18)$&785(567$1'$5'),1,6+$1'5(3/$&(7+('225727+(&(17(523(1,1* (;,67,1*(1&/26('67$,5725(0$,13527(&7,13/$&('85,1*&216758&7,213$7&+$1'5(3$,572/22./,.(1(:,)5(48,5('
(;,67,1*&2/801725(0$,1
54
))
((
''
&&
%%
$$
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
( 6+$)7
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
(;,67,1*)/2253/$1 6(&21'
)/225
6&$/(
% 352326(''(023/$1 6(&21')/225
3/$11257+
.(<127(62/'
5(029((;,67,1*121%($5,1*,17(5,25:$//6)/225,1*&(,/,1*(/(&75,&$/$1'3/80%,1*(48,30(176,17+((17,5(7<&87%$&.726285&($//3/80%,1*$1'(/(&75,&$/
(;,67,1*5(675220672%(02',),('720((7&855(17$&&(66,%,/,7<&2'(6 (;,67,1*(;7(5,25&857$,1:$// 6,1*/(*/$=(' 72%(5(3/$&(':,7+1(:,168/$7(''28%/(*/$=('6<67(0
*&725(129$7(&$%,1),1,6+(63(50$18)$&785(567$1'$5'),1,6+$1'5(3/$&(7+('225727+(&(17(523(1,1*
(;,67,1*(1&/26('67$,5725(0$,13527(&7,13/$&('85,1*&216758&7,213$7&+$1'5(3$,572/22./,.(1(:,)5(48,5('
(;,67,1*&2/801725(0$,1 3257,212)7+((;,67,1*)/2256/$%72%(5(029('
55
))
((
''
&&
%%
$$
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
(;,67,1*)/2253/$1 7+,5')/225
6&$/(
%352326(''(023/$1 7+,5')/225
3/$11257+
.(<127(6
5(029((;,67,1*121%($5,1*,17(5,25:$//6)/225,1*&(,/,1*(/(&75,&$/$1'3/80%,1*(48,30(176,17+((17,5(7<&87%$&.726285&($//3/80%,1*$1'(/(&75,&$/ (;,67,1*5(675220672%(02',),('720((7&855(17$&&(66,%,/,7<&2'(6
(;,67,1*(;7(5,25&857$,1:$// 6,1*/(*/$=(' 72%(5(3/$&(':,7+1(:,168/$7(''28%/(*/$=('6<67(0
*&725(129$7(&$%,1),1,6+(63(50$18)$&785(567$1'$5'),1,6+$1'5(3/$&(7+('225727+(&(17(523(1,1*
(;,67,1*(1&/26('67$,5725(0$,13527(&7,13/$&('85,1*&216758&7,213$7&+$1'5(3$,572/22./,.(1(:,)5(48,5(' (;,67,1*&2/801725(0$,1 3257,212)7+((;,67,1*)/2256/$%72%(5(029('
56
))
((
''
&&
%%
$$
7<3
7<3
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
:20(1
65(67220
6)
0(1
65(675220
6) ( (/(&6)
( 0$,/5220
6)
)8785(7(1$17
6)
0(',&$/'5232))6)
1 (/(&75,&$/3$1(/5220
6)
1 (/(&75,&$/3$1(/5220
6)
0(',&$/'5232))
+$7&+,1',&$7(61(:)/225(;7(16,21
6)
)8785(7(1$17
6)
)8785(7(1$17
6)+$//:$<
6)
)8785(7(1$17
6) 1 -$1,725
6)
+$//:$<
( 87,/,7<%$6(0(17
9,)
9,)
6)/2%%<
7<3
7<3
6))8785(7(1$17
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
$VLQGLFDWHG
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326(')/2253/$1 ),567)/225
6&$/(
$352326('3/$1 ),567)/225
3/$11257+
.(<127(62/'
*&725(129$7(&$%,1),1,6+(63(50$18)$&785(567$1'$5'),1,6+$1'5(3/$&(7+('225727+(&(17(523(1,1*
(;,67,1*(1&/26('67$,5725(0$,13527(&7,13/$&('85,1*&216758&7,213$7&+$1'5(3$,572/22./,.(1(:,)5(48,5('
(;,67,1*&2/801725(0$,1
6,7($5($ 6)
=21,1* 2* 2)),&(*(1(5$/
7<3(2)&216758&7,21 ,,%
)8//<635,1./(' <(6
352-(&7'$7$
%8,/',1*$5($(;,67,1*352326(' *5266
%$6(0(17 6)6)
),567)/225 6)6)
6(&21')/225 6) 6)
7+,5')/225 6)6)
727$/*5266 6) 6)
3$5&(/12
6725<0(',&$/2)),&(%8,/',1*
57
))
((
''
&&
%%
$$
7<3
7<3
6)
:20(1
65(6752206)
0(1
65(675220
6)
( 635,1./(55220
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
)8785(7(1$17
23(172%(/2:
6)
0(',&$/'5232))
6)
1 (/(&75,&$/3$1(/5220
6)
1 (/(&75,&$/3$1(/5220
6)
0(',&$/'5232))
6)+$//:$<
6)
6(&21')/225&20021$5($
6)+$//:$<
7<3
( '8&76+$)7
9,)
9,)
1 -$1,725
23(172%(/2:
7<3
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
$VLQGLFDWHG
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326(')/2253/$1 6(&21'
)/225
6&$/(
$352326('3/$1 6(&21')/225
3/$11257+
.(<127(61(:
0(&+$1,&$/'8&7)$1&2,/6((0(&+$1,&$/'5$:,1*6
1(:(175<&$123<6((6758&785$/'5$:,1*6
1(:5(02'(/('5(675220720((7&855(17$&&(66,%,/,7<&2'(6 5281'1(:&$17,/(9(5(')5((67$1',1*67$,567$,56+$//&203/<:,7+ 2)&%&
.(<127(62/'
*&725(129$7(&$%,1),1,6+(63(50$18)$&785(567$1'$5'),1,6+$1'5(3/$&(7+('225727+(&(17(523(1,1*
(;,67,1*(1&/26('67$,5725(0$,13527(&7,13/$&('85,1*&216758&7,213$7&+$1'5(3$,572/22./,.(1(:,)5(48,5(' (;,67,1*&2/801725(0$,1
6,7($5($ 6)
=21,1* 2* 2)),&(*(1(5$/
7<3(2)&216758&7,21 ,,%
)8//<635,1./(' <(6
352-(&7'$7$
%8,/',1*$5($(;,67,1*352326(' *5266
%$6(0(17 6)6)
),567)/225 6)6)
6(&21')/225 6) 6)
7+,5')/225 6)6)
727$/*5266 6) 6)
3$5&(/12
6725<0(',&$/2)),&(%8,/',1*
58
))
((
''
&&
%%
$$
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
:20(1
65(675220
6)
0(1
65(675220
6)
( 635,1./(55220
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
)8785(7(1$17
6)
( %2,/(55220
6)
( &22/,1*72:(5
6)
)8785(7(1$17
6)
)8785(7(1$17
23(172%(/2:
1 6725<$75,80
6)
0(',&$/'5232))
6)
1 (/(&75,&$/3$1(/5220
6)
1 (/(&75,&$/3$1(/52206)
0(',&$/'5232))
6)
+$//:$<
6)
7+,5')/225&20021$5($
6)+$//:$<
23(172%(/2:
9,)
9,)
1 -$1,725
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
$VLQGLFDWHG
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326(')/2253/$1 7+,5'
)/225
6&$/(
$352326('3/$1 7+,5')/225
3/$11257+
.(<127(61(:
0(&+$1,&$/'8&7)$1&2,/6((0(&+$1,&$/'5$:,1*6 352326('&$123<%(/2: #)((7
1(:5(02'(/('5(675220720((7&855(17$&&(66,%,/,7<&2'(6
5281'1(:&$17,/(9(5(')5((67$1',1*67$,567$,56+$//&203/<:,7+ 2)&%&
.(<127(62/'
(;,67,1*(1&/26('67$,5725(0$,13527(&7,13/$&('85,1*&216758&7,213$7&+$1'5(3$,572/22./,.(1(:,)5(48,5('6,7($5($ 6)
=21,1* 2* 2)),&(*(1(5$/
7<3(2)&216758&7,21 ,,%
)8//<635,1./(' <(6
352-(&7'$7$
%8,/',1*$5($(;,67,1*352326(' *5266
%$6(0(17 6)6)
),567)/225 6)6)
6(&21')/225 6) 6)
7+,5')/225 6)6)
727$/*5266 6) 6)
3$5&(/12
6725<0(',&$/2)),&(%8,/',1*
59
))
((
''
&&
%%
$$
7<3
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
522)3/$1
6&$/(
$522)3/$1 3/$11257+
.(<127(61(:
1(:&/$66
$
6,1*/(3/<0,/
8/75$3/<
732522),1*%<),5(6721(%8,/',1*352'8&76(566<67(0R5 5,*,',168/$7,212(;,67,1*522))5$0,1*&2/25 :+,7(&22/522)65, 62/$55()/(&7$1&( 7+(50$/(0,77$1&(
287'225&21'(16,1*81,76((0(&+$1,&$/'5$:,1*6
0$.(83)$181,76((0(&+$1,&$/'5$:,1*6
0(&+$1,&$/'8&7)$1&2,/6((0(&+$1,&$/'5$:,1*6 (;7(5,25/2:&$123<%(/2: 352326('&$123<%(/2: #)((7
.(<127(62/'
60
),567)/225
6(&21')/225
( 522)
7+,5')/225
6(((/(9$7,21%6(((/(9$7,21$
7<3
7<3
),567)/225
6(&21')/225
( 522)
7+,5')/225
7<3
),567)/225
6(&21')/225
( 522)
7+,5')/225
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
$VLQGLFDWHG
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
(;,67,1*%8,/',1*(/(9$7,216
6&$/(
29(5$//(;,67,1*%8,/',1*(/(9$7,21 6287+
6&$/(
$ (;,67,1*%8,/',1*(/(9$7,21 6287+
6&$/(
% (;,67,1*%8,/',1*(/(9$7,21 6287+
.(<127(62/'
(;,67,1*(;7(5,25&857$,1:$// 6,1*/(*/$=(' 72%(5(3/$&(':,7+1(:,168/$7(''28%/(*/$=('6<67(0
(;,67,1**8$5'5$,/725(0$,13$,177+(0$61(('('
(;,67,1**/$660$1'22572%(5(3/$&(':,7+7+(1(:*/$660$1'225
61
),567)/225
6(&21')/225
( 522)
7+,5')/225
)('&%$
7<3
),567)/225
6(&21')/225
( 522)
7+,5')/225
)('&%$
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
(;,67,1*%8,/',1*(/(9$7,216
6&$/(
(;,67,1*%8,/',1*(/(9$7,21 :(67
6&$/(
(;,67,1*%8,/',1*(/(9$7,21 ($67
.(<127(62/'
(;,67,1*(;7(5,25&857$,1:$// 6,1*/(*/$=(' 72%(5(3/$&(':,7+1(:,168/$7(''28%/(*/$=('6<67(0 (;,67,1**/$666:,1*'22572%(5(029('
(;,67,1*&$17,/(9(5('&$123<72%(5(029('
62
),567)/225
6(&21')/225
( 522)
7+,5')/225
6(((/(9$7,21%6(((/(9$7,21$
7<3
7<3
),567)/225
6(&21')/225
( 522)
7+,5')/225
7<3
),567)/225
6(&21')/225
( 522)
7+,5')/225
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
$VLQGLFDWHG
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
(;,67,1*%8,/',1*(/(9$7,216
6&$/(
29(5$//(;,67,1*%8,/',1*(/(9$7,21 1257+
6&$/(
$ (;,67,1*%8,/',1*(/(9$7,21 1257+
6&$/(
%(;,67,1*%8,/',1*(/(9$7,21 1257+
.(<127(62/'
(;,67,1*(;7(5,25&857$,1:$// 6,1*/(*/$=(' 72%(5(3/$&(':,7+1(:,168/$7(''28%/(*/$=('6<67(0
(;,67,1**/$660$1'22572%(5(3/$&(':,7+7+(1(:*/$660$1'225
63
),567)/225
6(&21')/225
( 522)
7+,5')/225
6(((/(9$7,21%6(((/(9$7,21$
723
),567)/225
6(&21')/225
( 522)
7+,5')/225
723
7<3
7<3
7<3
7<3
7<3
7<3
23(1,1*
23(1,1* 6)
23(1,1* 6)
7+,5')/2256)
6(&21')/2256)
),567)/225 6)
),567)/225
6(&21')/225
( 522)
7+,5')/225
723
7<3
7<3
7<3
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
$VLQGLFDWHG
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('%8,/',1*(/(9$7,216
6&$/(
29(5$//%8,/',1*(/(9$7,21 6287+
6&$/(
$
%8,/',1*(/(9$7,21 3$57,$/6287+ %<3$5.,1*
6758&785(
6&$/(
% %8,/',1*(/(9$7,21 3$57,$/6287+
$//2:$%/((;7(5,2523(1,1*6
3(57$%/(
3$57,$/6287+(/(9$7,21)$&$'()$&,1*7+(1(:3$5.,1*6758&785( 6+2:1$6(/(9$7,21$ ),567)/225 6)6(&21')/225 6)7+,5')/225 6)3$5$3(7 6)),5(6(3$5$7,21',67$1&(
;
$//2:$%/($5($
23(1,1*3527(&7,21 813527(&7('635,1./(5('),567)/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*( 6(&21')/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*( 7+,5')/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*(
3$57,$/:(67(/(9$7,21)$&$'()$&,1*7+(3523(57</,1( 6)),5(6(3$5$7,21',67$1&(
;
$//2:$%/($5($ 12/,0,7
127( 7+(5(672)7+((;7(5,25)$&$'(/,1(6727+(&/26(73523(57</,1($5(025(7+$1
.(<127(61(:
1(:&857$,1:$//6<67(0 63$1'5(/'8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287 $5&$',$3';25$33529('(48$/
1(:&857$,1:$//6<67(0 '8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
1(:(;7(5,25*/$66'225
681&21752/&$123<%5,6(62/(,/352-(&7,21:,7+%/$'(/289(5$,5)2,/:,7+&/26('6+$//2:5(&7$1*8/$5%<$5&$',$'$5.%521=( /289(5%/$'(6<67(0$/80,180:22'*5$,1),1,6+7<3,&$/7+528*+287
1(:'$5.%521=(%5($.0(7$/29(5)5$0,1* ;
),%(5&(0(173$1(/6%<6:,663($5/3$7,1$6$1'3
;
3$1(/6,19,6,%/(02817,1*
1(:67((/&$17,/(9(5('&$123< 23(1,1*)25)8785(3$5.,1*6758&785($&&(66%5,'*(
.(<127(62/'
(;,67,1**8$5'5$,/725(0$,13$,177+(0$61(('('
64
),567)/225
6(&21')/225
( 522)
7+,5')/225
)('&%
723
7<3
7<3
7<3
7<3
7<3
7<3
),567)/225
6(&21')/225
( 522)
7+,5')/225
)('&%$
723
723
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('%8,/',1*(/(9$7,216
6&$/(
%8,/',1*(/(9$7,21 :(67
6&$/(
%8,/',1*(/(9$7,21 ($67
$//2:$%/((;7(5,2523(1,1*6
3(57$%/(
3$57,$/6287+(/(9$7,21)$&$'()$&,1*7+(1(:3$5.,1*6758&785( 6+2:1$6(/(9$7,21$ ),567)/225 6)6(&21')/225 6)7+,5')/225 6)3$5$3(7 6)),5(6(3$5$7,21',67$1&(
;
$//2:$%/($5($
23(1,1*3527(&7,21 813527(&7('635,1./(5('),567)/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*( 6(&21')/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*( 7+,5')/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*(
3$57,$/:(67(/(9$7,21)$&$'()$&,1*7+(3523(57</,1( 6)),5(6(3$5$7,21',67$1&(
;
$//2:$%/($5($ 12/,0,7
127( 7+(5(672)7+((;7(5,25)$&$'(/,1(6727+(&/26(73523(57</,1($5(025(7+$1
.(<127(61(:
1(:&857$,1:$//6<67(0 63$1'5(/'8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287 $5&$',$3';25$33529('(48$/
1(:&857$,1:$//6<67(0 '8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287 /289(5%/$'(6<67(0$/80,180:22'*5$,1),1,6+7<3,&$/7+528*+287
1(:'$5.%521=(%5($.0(7$/29(5)5$0,1* ;
1(:(175<&$123<6((6758&785$/'5$:,1*6
),%(5&(0(173$1(/6%<6:,663($5/3$7,1$6$1'3
;
3$1(/6,19,6,%/(02817,1*
.(<127(62/'
65
),567)/225
6(&21')/225
( 522)
7+,5')/225
6(((/(9$7,21%6(((/(9$7,21$
723
723
),567)/225
6(&21')/225
( 522)
7+,5')/225
723
723
7<3
7<3
7<3
),567)/225
6(&21')/225
( 522)
7+,5')/225
723
7<3
7<3
7<3
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
$VLQGLFDWHG
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('%8,/',1*(/9$7,216
6&$/(
29(5$//%8,/',1*(/(9$7,21 1257+
6&$/(
$ %8,/',1*(/(9$7,21 3$57,$/1257+
6&$/(
% %8,/',1*(/(9$7,21 3$57,$/1257+
.(<127(61(:
1(:&857$,1:$//6<67(0 63$1'5(/'8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287 $5&$',$3';25$33529('(48$/
1(:&857$,1:$//6<67(0 '8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
1(:(;7(5,25*/$66'225 1(:'$5.%521=(%5($.0(7$/29(5)5$0,1* ; 1(:(175<&$123<6((6758&785$/'5$:,1*6
352326('1(:%8,/',1*6,*1$*()5((67$1'
7$//
),%(5&(0(173$1(/6%<6:,663($5/3$7,1$6$1'3
;
3$1(/6,19,6,%/(02817,1*
$//2:$%/((;7(5,2523(1,1*6
3(57$%/(
3$57,$/6287+(/(9$7,21)$&$'()$&,1*7+(1(:3$5.,1*6758&785( 6+2:1$6(/(9$7,21$ ),567)/225 6)6(&21')/225 6)7+,5')/225 6)3$5$3(7 6)),5(6(3$5$7,21',67$1&(
;
$//2:$%/($5($
23(1,1*3527(&7,21 813527(&7('635,1./(5('),567)/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*( 6(&21')/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*( 7+,5')/225 :$//$5($ 6)23(1,1*$5($ 6)23(1,1*3(5&(17$*(
3$57,$/:(67(/(9$7,21)$&$'()$&,1*7+(3523(57</,1( 6)),5(6(3$5$7,21',67$1&(
;
$//2:$%/($5($ 12/,0,7
127( 7+(5(672)7+((;7(5,25)$&$'(/,1(6727+(&/26(73523(57</,1($5(025(7+$1
.(<127(62/'
66
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('%8,/',1*(/(9$7,216
&2/25('
1(:&857$,1:$//6<67(0 63$1'5(/'8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
1(:&857$,1:$//6<67(0 '8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
$&3$/80,180&20326,7(3$1(/
/289(5%/$'(6<67(0$/80,180:22'*5$,1),1,6+7<3,&$/7+528*+287
1(:&857$,1:$//6<67(0 63$1'5(/'8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
1(:&857$,1:$//6<67(0 '8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
$&3$/80,180&20326,7(3$1(/
/289(5%/$'(6<67(0$/80,180:22'*5$,1),1,6+7<3,&$/7+528*+287
352326('23(1,1*)257+(%5,'*(&211(&7,21
$&3$/80,180&20326,7(3$1(/
$&3$/80,180&20326,7(3$1(/
),%(5&(0(173$1(/6
),%(5&(0(173$1(/6 ),%(5&(0(173$1(/6
67
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('%8,/',1*(/(9$7,216
&2/25('
1(:&857$,1:$//6<67(0 63$1'5(/'8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
1(:&857$,1:$//6<67(0 '8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
$&3$/80,180&20326,7(3$1(/
1(:&857$,1:$//6<67(0 63$1'5(/'8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287 $&3$/80,180&20326,7(3$1(/
/289(5%/$'(6<67(0$/80,180:22'*5$,1),1,6+7<3,&$/7+528*+287
1(:&857$,1:$//6<67(0 '8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
$&3$/80,180&20326,7(3$1(/
$&3$/80,180&20326,7(3$1(/
$&3$/80,180&20326,7(3$1(/$&3$/80,180&20326,7(3$1(/),%(5&(0(173$1(/6 ),%(5&(0(173$1(/6
),%(5&(0(173$1(/6
),%(5&(0(173$1(/6 ),%(5&(0(173$1(/6 ),%(5&(0(173$1(/6
68
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
352326('%8,/',1*(/(9$7,216
&2/25('
1(:&857$,1:$//6<67(0 63$1'5(/'8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
$&3$/80,180&20326,7(3$1(//289(5%/$'(6<67(0$/80,180:22'*5$,1),1,6+7<3,&$/7+528*+287
1(:&857$,1:$//6<67(0 '8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
$&3$/80,180&20326,7(3$1(/
1(:&857$,1:$//6<67(0 63$1'5(/'8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
$&3$/80,180&20326,7(3$1(//289(5%/$'(6<67(0$/80,180:22'*5$,1),1,6+7<3,&$/7+528*+287
1(:&857$,1:$//6<67(0 '8$/*/$=,1*:,7+'$5.%521=(08//,217<3,&$/7+528*+287
$&3$/80,180&20326,7(3$1(/
$&3$/80,180&20326,7(3$1(/
),%(5&(0(173$1(/6 ),%(5&(0(173$1(/6
),%(5&(0(173$1(/6),%(5&(0(173$1(/6
69
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
'9,(:6 (;7(5,25
'9,(:)520,59,1($9(
'9,(:)52025&+$5''5
70
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
$
'9,(:6 ,17(5,25
71
$
6
$
67$,5 (/(9$725
7+(5(:,//127%($1<6725$*(2586(2)+$=$5'2860$7(5,$/6:,7+,17+(352-(&7:+,&+(;&(('7+(48$17,7,(6,17$%/(6'$1'(2)7+(&$/,)251,$%8,/',1*&2'(
),5(5(6,67,9(&216758&7,216+$//%(3529,'('7+528*+2877+(6758&785(),5(5(6,67,9($66(0%/,(66+$//%(%$6('21,&&$33529('6<67(063(5&+$37(52)7+(&$/,)251,$%8,/',1*&2'(
3(5/$7(67$&&(66,%,/,7<*8,'(/,1(6 &$& 7,7/( $'$ $0(5,&$16:,7+',6$%,/,7,(6$&72) $1'7+(/$7(6725',1$1&(62)7+(&,7<2)1(:3257%($&+081,&,3$/&2'(
&21&6/$% )/225 +53(5&%&7$%/(
&21&&2/8016+53(5&%&7$%/(
0$6215<:$//6 %($5,1* +5)25121%($5,1*:$//65()(572%8,/',1*'$7$$1'&2'($1$/<6,686(')25
&/57<30,1#+5
$1'0,1#+5&/57<3
0,1&/($5
6/$%7<3 6/$% 522)
(;7(5,25:$//6
3$57,7,21:$//6
&$/,)251,$%8,/',1*&2'(/$7(67$'237('(',7,216&$/,)251,$*5((1%8,/',1*67$1'$5'6&2'(&$/,)251,$3/80%,1*&2'(/$7(67$'237('(',7,216&$/,)251,$0(&+$1,&$/&2'(/$7(67$'237('(',7,216&$/,)251,$(/(&75,&$/&2'(&$/,)251,$(1(5*<&2'(&$/,)251,$),5(&2'(
67$1'3,3(5(48,5(0(1767$%/( $635,1./(55(48,5(0(176
),5((;7,1*8,6+(56+$//&203/<:,7+8%&67$1'$5'66(&7,21 $1'
67$1'3,3(5(48,5(0(1763(5)/225
$8720$7,&),5(635,1./(56<67(01)3$
),5((;7,1*8,6+(565(48,5(0(176 3(50$1(177<3( $%& /%$%& &$3$&,7<02'(/ &260,&(25(48$/02817,1* 685)$&(02817(' $77$&+0(176833/,('%<0$18)$&785(5 '22567</( 9(57,&$/'82$1'/2&. 9(57,&$/*/$=,1*675,3
'225*/$=,1* &/($56$)(7<*/$66',(&87/(77(56 5('9(57,&$//(77(5,1*$'$&203/,$17 <(6
),5((;7,1*8,6+(56,1/2&.$%/(&$%,1(76:%5($.$%/(*/$666+$//%(3529,'('$7$///(9(/6$1'6+$//%(/2&$7('$767$,56$1'27+(5/2*,&$//2&$7,216)25($6(2)),1',1* 5()(5726+((7$)25/2&$7,216$1'6+((76$7+58$&$%,1(7672%(/2&$7(':,7+,1)((72)75$9(/',67$1&()25($&+648$5()((7253257,217+(5(2)21($&+)/225(;7,1*8,6+(566+$//%(02817('$70$;,08072+,*+(6723(5$7,1*3$57),5((;7,1*8,6+(525&$%,1(738//
:,'(3$,17('5('%$1':,7+7+(:25'6),5((;7,1*8,6+(53$,17(',1+,*+:+,7(/(77(56,672%(/2&$7('$7($&+),5((;7,1*8,6+(5&$%,1(7/2&$7,21 (;&/8'(5220(1&/2685(6 7232)5('%$1',672%(/2&$7('$7
$%29())7+,66,*1$*(5('%$1',672%(/2&$7('21$//)2856,'(62),17(5,25&21&5(7(&2/8016$1'21(6,'(2),17(5,25&21&5(7(&2/8016$%29(),5((;7,1*8,6+(5&$%,1(7
$//52206$5(5(48,5('72+$9(),5((;7,1*8,6+(5602817('',5(&7/<727+(:$//:,7+67$1'$5':$//02817('+$1*(56833/,('%<0$18)$&785(5 12&$%,1(75(48,5('
2&&83$17/2$')$&725 7$%/((;,765(48,5(' )25/$5*(67)/2257,(521/< 3(57$%/( 7$%/(
2&&;
0,1:,'7+ ,1&+(6
0,1($67$,5
3529,'('(;,76
727$/(;,75(48,5(' 3(50,1,080:,'7+
:,'7+2)67$,563529,'(' 67$,5
67$,5
67$,5
6.,367$,5
:,'7+5(48,5(' 6(&7,210,1,080 3(5(;,7 (;,76
727$/
67$,5:,'7+3529,'(' (;&(37,21
,59,1($9(3$5.,1*6758&785(352-(&71$0(
352-(&7$''5(66
&216758&7,217<3(
2&&83$1&<7<3(
$//2:$%/(+(,*+7 7$%/(
$&78$/+(,*+7
0$;,080$//2:$%/(727$/$5($
$&78$/$5($6
7,(56
6725,(6 7,(56
6725,(6$764)7
'$7$'(6&5,37,21
),5(5(6,67$1&(5$7,1*5(48,5(0(176)25%8,/',1*(/(0(176 +2856 7$%/(
(;7(5,25%($5,1*:$//6
,17(5,25%($5,1*:$//6
(;7(5,25121%($5,1*:$//6
6758&785$/)5$0(
,17(5,25121%($5,1*:$//$1'3$57,7,216
+5
)/225&216758&7,216$1'6(&21'$5<0(0%(56
522)&216758&7,216$1'6(&21'$5<0(0%(56
+5
+5
+5
5()(572(;7(5,25:$//6$%29(
7<3(,,%
+5
(;,76$&&(6675$9(/',67$1&( 3(57$%/(
%$6($//2:$%/($5($6 7$%/( 64)73(57,(5
:,7+635,1./(56<67(0
7,(564)7
7,(564)7
727$/ 64)7
+$5':$5(7<3(
6+((7
6(&7,21
'2257<3(
'225
$
6+((7
(/(9$7,21
&2/801*5,'/,1(6
(1/$5*('3/$1
3523(57</,1(
%8,/',1*6(&7,21
'(7$,/6(&7,21
5220,'(17,),&$7,21
,//80,1$7('(;,76,*102817('21:$//&2/80125+$1*,1*)520&(,/,1*5()(572(/(&7'5$:,1*6
5(9,6,216<0%2/
'225180%(5
(/(9$7,21
),1,6+('6/$%(/(9$7,21
'5$,1 (' )' 5' 2'
),5((;7,1*8,6+(5
$/,*1
67$1'3,3(
,//80,1$7('(;,76,*102817('21:$//&2/80125+$1*,1*)520&(,/,1* 6((3/$16)25',5(&7,21$/$552: 5()(572(/(&75,&$/'5$:,1*6
,//80,1$7('(;,76,*102817('2132/($77,(5 522)/(9(/ 5()(572(/(&75,&$/'5$:,1*6
5(9,6,21&/28'
67$,51R67$,5:,'7+180%(52)2&&83$1763(567$,55(48,5('2&&83$17/2$'
*5$3+,&6,*1$*(
,59,1($9(1(:3257%($&+&$
x 3/$16$1'6833257,1*'2&80(1766+$//%(68%0,77(')255(9,(:$1'$33529$/%<7+(%8,/',1*'(3$570(17x 35,25727+(,167$//$7,21:+(5(68&+3/$16$5(12735(3$5('%<7+($5&+,7(&725(1*,1((52)5(&25'7+(<6+$//%(5(9,(:('%<7+($5&+,7(&72)(1*,1((535,257268%0,77$/727+(%8,/',1*'(3$570(17x 3/$16)25'()(55('$33529$/6+$//%(68%0,77('727+(%8,/',1*'(3$570(17:,7+,1'$<62)7+(,668$1&(2)7+(%8,/',1*3(50,7
3$5.,1*6800$5<
%8,/',1*'$7$$1'&2'($1$/<6,6),5(3527(&7,216<67(0
0($162)(*5(66 67$,5:$<&$/&8/$7,21
9,&,1,7<0$3
'())(5('68%0,77$/6
'
$%%5(9,$7,216 *5$3+,&6<0%2/6/(*(1'
#&/ʐ
$1'$1*/($7&(17(5/,1(',$0(7(5255281'3281'25180%(5
127726&$/(
127,1&2175$&7
2'
233231*23326,7(23(1,1*
1225176
2%62$
2&
180%(5
2%6&85(29(5$//
21&(17(5
1,&11257+
:2
:3:7:$7(53522)
:,7+287:(,*+7
:'
::
:&
9(679(57
79
81)
7<37:
812
:$7(5&/26(7:22'
9(57,&$/
:,7+:(67
9(67,%8/(
7232):$//
81/(66127('27+(5:,6(
7(/(9,6,21
81),1,6+('
7<3,&$/
7(/7 *
737+.
7(/(3+21(
7+,&.
67$1'$5'67'
6758&7
7%7&
672
67/
6<075'
6863
72:(/%$57232)&85%
6758&785$/
6<00(75,&$/6863(1'('
67((/
6725$*(
75($'
6664
67$66.
63(&
6,06+76(&7
63(&,),&$7,21
6(59,&(6,1.67$,1/(6667((/648$5(
67$7,21
6(&7,21
6,0,/$56+((7
$6%(6726$63+$/7
3523(57</,1(3/
5()(5(1&(5()
6&+('
5:'
6&6
5:/
5(45(,1)
5(6,/
5*755()5
5052
6&+('8/(62/,'&25(
5(':22'
6287+
528*+23(1,1*
5()5,*(5$725
5(,1)25&('
5(6,/,$17
5(*,67(5
5(48,5('
5220
3/<:'
47
5'5$'5
3/$03/$67
3735
48$55<7,/(
522)'5$,15$',865,6(5
3/<:22'3/$67(5
3$,53$,17
35&67 35(&$67
7' 75(1&+'5$,1
$5&+,7(&785$/$5&+$3352;,0$7($3352;$/80,180$/$**5(*$7($%29(),1)/5$'-867$%/($&2867,&$/
(;,67,1*
$&2867$'-$))$**5
$6%$63+
(
%'%,780%/'*%/.%/.*%0%27%27720%($0%/2&.,1*%/2&.%8,/',1*%,780,1286%2$5'
&$%&%&(0&,&*&/*&/.*&/2&/5&2&2/&21&&211&21675&217&255&76.&175&75 &(17(5
&2817(5&2817(5681.&255,'25&217,18286&216758&7,21&211(&7,21&21&5(7(&2/801&$6('23(1,1*&/($5&/26(7&$8/.,1*&(,/,1*&251(5*8$5'&$67,521&(0(17&$7&+%$6,1&$%,1(7
'%/'(37')'(7
',0',$
',63'1'2'5':5'6'63':* '5$:,1*
'5<67$1'3,3('2:163287'5$:(5'225'22523(1,1*'2:1',63(16(5',0(16,21',$0(7(5'(7$,/'5,1.,1*)2817$,1'(3$570(17'28%/(
($(($67($&+('(-(/(/(&(/(9(0(5*(1&/(3(4(48,3
(;,67(;32(;3(;3$16,21(;326('(;,67,1*
(48,30(17(48$/(/(&3$1(/%2$5'(1&/2685((0(5*(1&<(/(9$725(/(&75,&$/(/(9$7,21(;3$16,21-2,17(0(5*(1&<'5$,1
)$)')'&)'1)()(&)+&),1)/5)/$6+)/825)2%)2&)2))26)35))6)7)7*)855)855,1*)227,1*)22725)((7),1,6+('6/$%),5(3522))$&(2)678'6)$&(2)),1,6+)$&(2)&21&5(7()$&(2)%8,/',1*)/825(6&(17)/$6+,1*)/225),1,6+),5(+26(&$%,1(7
),5((;7,1*8,6+(5)281'$7,21),5('(37&211(&7,21)/225'5$,1),5($/$50
*$*$/9*%*/*5'*5
*<3 *<3680
*5$'(*5281'*/$66*5$%%$5*$/9$1,=('*$8*(
+%+&+':'+':(+0+25,=+5+*7 +(,*+7
+285+25,=217$/+2//2:0(7$/+$5':$5(+$5':22'+2//2:&25(+26(%,%
,',168/,17,17(5,25,168/$7,21,16,'(',$0(7(5 ',0
-$1,725-2,17-7-$1
.,7&+(1.,7
/$%/$0/$9/.5/1*/21*/2&.(5/$9$725</$0,1$7(/$%25$725<
0$;0&0(&+0(0%07/0)50+0,1
0,6&0207'02817('0$6215<23(1,1*0,6&(//$1(286
0,1,0800$1+2/(0$18)$&785(50(7$/0(0%5$1(0(&+$1,&$/0(',&,1(&$%,1(70$;,080
),5((;7,1*8,6+(5&$%,1(7
63 67$1'3,3(
*6) *5266648$5()227$*(
&2'(5(48,5(0(176
352-(&76&23(67$1'$/21(3$5.,1*6758&785(
6+((7,1'(;
7<3(,,% 7$%/(
&216758&7,217<3( &216758&7,212)$1(:08/7,/(9(/3$5.,1*6758&785()2567$//6
623(13$5.,1**$5$*( &%&6(& 1$785$//<9(17,/$7('
+5
352-(&76,7(
7$%/(),5(5(6,67$1&(5(48,5(0(176)25(;7(5,25:$//6%$6('21),5(6(3$5$7,21',67$1&(
),5(6(3$5$7,21',67$1&( ; IHHW
7<3(2)&216758&7,21 2&&83$1&<*5283+
/
2&&83$1&<*5283)06
;
[ 2
[
$OO
[
$OO
; 1273(50,77(' ; 813527(&7('635,1./(5(' ; 813527(&7('635,1./(5(' ; 813527(&7('635,1./(5(' ; 813527(&7('635,1./(5(' ; 12/,0,7 813527(&7('635,1./(5(' ; 12/,0,7 813527(&7('635,1./(5(' RU*5($7(5 12/,0,7
,1$'',7,217$%/()227127(
J
,1',&$7(67+$7
7+($5($2)23(1,1*6,1$123(13$5.,1**$5$*(:,7+$),5(6(3$5$7,21',67$1&(2))((725*5($7(56+$//127%(/,0,7('
0$;,080$5($2)(;7(5,2523(1,1*%$6('21),5(6(3$5$7,21',67$1&($1''(*5((2)23(1,1*3527(&7,21 &%&7$%/(
,$,9$2WKHUV ,$,%,9$,9%,,%9%
2WKHUV
2&&83$1&<*5283$%(),568
,59,1($9(
,59,1($9(
%5,672/676
352-(&7',5(&725<
3DUNLQJ6WUXFWXUH'HVLJQ$UFKLWHFW
75&3DUNLWHFWV6N\3DUN&LUFOH6XLWH',UYLQH&$
$WWQ6WHYH.XKQ
6758&785$/(1*,1((5
)LFFDGHQWL:DJJRQHUDQG&DVWOH6WUXFWXUDO(QJLQHHUV 9RQ.DUPDQ$YH6XLWH,UYLQH&$
$WWQ*HRUJH6XQ
0(3
:63/DJXQD&DQ\RQ5RDG6XLWH,UYLQH&$
$WWQ*OHQQ3DWWRQ
&,9,/(1*,1((5
/$1*$1-DPERUHH5RDG6XLWH,UYLQH&$
$WWQ&KDUOHV&KLDQJ3(
3URSHUW\2ZQHU
5('$1HZSRUW,UYLQH//&0DF$UWKXU%OYG6XLWH1HZSRUW%HDFK&$
$WWQ-DVRQ.URWWV
721*8( *5229(
7232)3$9(0(17
5$,1:$7(5/($'(5
29(5)/2:'5$,1
3/$67,&/$0,1$7(
/7/,*+7 7507(50
6576+257
76)5 75$16)250(5
67((/67$,56$1'+$1'5$,/6'5$:,1*6$1'&$/&8/$7,21 &$%/(5$,/66<67(0'5$:,1*6$1'&$/&8/$7,21 ),5(3527(&7,216<67(0'5$:,1*6$1'&$/&8/$7,21 3+27292/7$,&$55$< ),5($/$506<67(0
6)2&&83$1764)7 2&&83$176(;,765(48,5('!(;,763529,'('
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
%8,/',1*'$7$ &2'($1$/<6,6
6KHHW1XPEHU 6KHHW1DPH
(
Q
W
L
W
O
H
P
H
Q
W
6
X
E
P
L
W
W
D
O
(
Q
W
L
W
O
H
P
H
Q
W
5
H
6
X
E
P
L
W
W
D
O
(
Q
W
L
W
O
H
P
H
Q
W
U
G
6
X
E
P
L
W
W
D
O
3
:
5
H
V
X
E
P
L
W
W
D
O
U
G
5
H
Y
L
H
Z
3
:
5
H
V
X
E
P
L
W
W
D
O
W
K
5
H
Y
L
H
Z
3$ %8,/',1*'$7$ &2'($1$/<6,6 ԾԾԾԾԾ
3$ *(1(5$/127(6 ԾԾԾԾԾ
3$ (;,7,1*3/$16 ԾԾԾԾԾ
3$ 6,7(3/$1 ԾԾԾԾԾ
3$ /(9(/)/2253/$1 ԾԾԾԾԾ3$$ /(9(/675,3,1*)/2253/$1 ԾԾԾ3$ /(9(/)/2253/$1 ԾԾԾԾԾ3$$ /(9(/675,3,1*)/2253/$1 ԾԾԾ3$ /(9(/(;7)/2253/$1 ԾԾԾԾԾ3$$ /(9(/(;7675,3,1*)/2253/$1 ԾԾԾ3$ 39/(9()/2253/$1 ԾԾԾԾԾ3$ (;7(5,25(/(9$7,21 ԾԾԾԾԾ
3$ 3(563(&7,9(9,(:6 ԾԾԾԾԾ
3$ %8,/',1*6(&7,216 ԾԾԾ
72
$//5(48,5('3(50,760867%(2%7$,1(')5207+(),5(35(9(17,21%85($8%()25(7+(%8,/',1*,62&&83,('
7+((17,5(6758&785(6+$//+$9((0(5*(1&</,*+7,1*7+528*+287(;,76,*16$1'(0(5*(1&</,*+7,1*6+$//%(&211(&7('72$1(0(5*(1&<32:(56285&(6((7+((/(&75,&$/3/$16)25/2&$7,212)(;,76,*16(0(5*(1&</,*+7,1*$1'7+((0(5*(1&<32:(56285&(
%8,/',1*675((7180%(566+$//%(($6,/<9,6,%/($1'/(*,%/()5207+(675((7/2&$7(7+(%8,/',1*675((7180%(53(57+(),5('(3$570(17
$/,)(6$)(7<6,*1$*(3$&.$*(6+$//%(3529,'(')257+(352-(&73/$166+$//%(68%0,77(':,7+,1'$<62),668$1&(2)7+(%8,/',1*3(50,7)255(9,(:$1'$33529('%<7+(),5('(3$570(176,*1$*(6+$//%(3529,'(')257+()2//2:,1* $$//(;,767$,566+$//%(3529,'(':,7+620()2502)3$,17,1*256,*1$*(72&/($5/<,1',&$7(/2&$7,21%),5((;7,1*8,6+(566+$//%(3529,'(':,7+6,*1$*(6,0,/$5727+26()25+26(67$7,216&),5((;7,1*8,6+(5/2&$7,2166+$//,1',&$7(':,7+$3$,17('675,3($5281'&2/801:+(5(02817('256,0,/$5:,7+%$1'2)5()/(&7,9(7$3(72,1',&$7(/2&$7,21
),5(+<'5$1766+$//&203/<:,7+),5('(3$570(175(48,5(0(176)25216,7(),5(+<'5$176
/2&$7,216$1'&/$66,),&$7,2162)(;7,1*8,6+(566+$//%(,1$&&25'$1&(:,7+,17(51$7,21$/),5(&2'($1'&$/,)251,$%8,/',1*&2'( &%& 6(&7,21
'85,1*&216758&7,21$7/($6721((;7,1*8,6+(56+$//%(3529,'('21($&+)/225/(9(/$7($&+67$,5:$<,1$//6725$*($1'&216758&7,216+('6,1/2&$7,216:+(5()/$00$%/(25&20%867,%/(/,48,'6$5(6725('2586('$1':+(5(27+(563(&,$/+$=$5'6$5(35(6(173(5&)&
,1%8,/',1*6)28525025(6725,(6,1+(,*+767$1'3,3(66+$//%(3529,'(''85,1*&216758&7,21:+(17+(+(,*+75($&+(6)((7$%29(7+(/2:(67/(9(/2)),5('(3$570(17$&&(66$),5('(3$570(17&211(&7,216+$//%(12025(7+$1)((7)520$9$,/$%/(),5('(3$570(179(+,&/($&&(6652$':$<6
%8,/',1*681'(5*2,1*&216758&7,21$/7(5$7,2125'(02/,7,216+$//&21)250727+(,17(51$7,21$/),5(&2'(:(/',1*&877,1*$1'27+(5+27:25.6+$//%(,1&21)250$1&(:,7+7+(,17(51$7,21$/),5(&2'(
$''5(66,'(17,),&$7,216+$//%(3529,'(')25$//1(:$1'(;,67,1*%8,/',1*6,1$/2&$7,217+$7,63/$,1/<9,6,%/($1'/(*,%/()5207+(675((72552$')5217,1*7+(3523(57<:+(5($&&(66,6%<:$<2)$35,9$7(52$'$1'7+(%8,/',1*$''5(66&$1127%(9,(:(')5207+(38%/,&:$<$1$33529('6,*1250($166+$//%(86('72,'(17,)<7+(6758&785(
:$//)/225$1'&(,/,1*),1,6+(6$1'0$7(5,$/66+$//127(;&(('7+(,17(5,25),1),6+,1&%&7$%/($1'6+$//0((77+()/$0(3523$*$7,213(5)250$1&(&5,7(5,$'(&25$7,9(0$7(5,$/66+$//%(3523(5/<75($7('%<$352'8&725352&(66$33529('%<7+(67$7(),5(0$56+$//:,7+$335235,$7('2&80(17$7,213529,'('727+(3(57$,1,1*&,7<
'80367(56$1'75$6+&217$,1(56(;&((',1*&8%,&<$5'66+$//127%(6725(',1%8,/',1*6253/$&(':,7+,1)((72)&20%867,%/(:$//623(1,1*625&20%867,%/(522)($9(/,1(681/(663527(&7('%<$1$33529('635,1./(56<67(025/2&$7(',1$7<3(,25,,$6758&785(6(3$5$7('%<)((7)52027+(56758&785(6&217$,1(56/$5*(57+$1&8%,&<$5'6+$//%(2)12125/,0,7('&20%867,%/(0$7(5,$/6256,0,/$5/<3527(&7('256(3$5$7('
(;,76(;,76,*16),5($/$503$1(/6+26(&$%,1(76),5((;7,1*8,6+(5/2&$7,216$1'67$1'3,3(&211(&7,2166+$//127%(&21&($/('%<&857$,160,552562527+(5'(&25$7,9(0$7(5,$/
23(1)/$0(6),5($1'%851,1*21$//35(0,6(6,6352+,%,7('(;&(37$663(&,),&$//<3(50,77('%<7+(3(57$,1,1*&,7<$1',17(51$7,21$/),5(&2'(
7+((*5(663$7+6+$//5(0$,1)5(($1'&/($52)$//2%6758&7,216$7$//7,0(6126725$*(,63(50,77(',1$1<(*5(663$7+6
&203/(7(3/$16$1'63(&,),&$7,216)25$//),5((;7,1*8,6+,1*6<67(06,1&/8',1*$8720$7,&635,1./(5$1'67$1'3,3(6<67(06$1'27+(563(&,$/),5((;7,1*8,6+,1*6<67(06$1'5(/$7('$33857(1$1&(66+$//%(68%0,77('727+(3(57$,1,1*&,7<)255(9,(:$1'$33529$/35,2572,167$//$7,21,17(51$7,21$/),5(&2'(
),5(635,1./(56<67(066+$//%(,167$//(',1$&&25'$1&(:,7+&%&6(&7,21
$//9$/9(6&21752//,1*7+(:$7(56833<)25$8720$7,&635,1./(56<67(06380367$1.6:$7(5/(9(/6$1'7(03(5$785(6&5,7,&$/$,535(6685(6$1':$7(5)/2:6:,7&+(621$//635,1./(56<67(066+$//%((/(&75,&$//<683(59,6('%<$/,67('),5($/$50&21752/81,7 &%&6(&7,21
21($33529('$8',%/('(9,&(0867%(&211(&7('72(9(5<$8720$7,&635,1./(56<67(0,1$1$33529('/2&$7,21217+((;7(5,252)7+(6758&785(&%&
$//1(:6(&85,7<*5,//(6'2256$1':,1'2:60867&203/<:,7+%8,/',1*6(&85,7<67$1'$5'25',1$1&(
&203/(7(3/$16$1'63(&,),&$7,216)25),5($/$506<67(066+$//%(68%0,77('727+(1(:3257%($&+1(:3257%($&+'(9(/230(176(59,&(6)255(9,(:$1'$33529$/35,2572,167$//$7,21,17(51$7,21$/),5(&2'(
),5($/$506<67(066+$//%(,167$//(',1$&&25'$1&(:,7+&%&
$8720$7,&),5(635,1./(56<67(0 6 $1'$//&21752/9$/9(6:,7+7+((;&(37,212)7+26(/,67(',1&%& 6+$//%(021,725('%<$8//,67('&(175$/$/$5067$7,21
02',),('),5(635,1./(53/$16$1'),5(/,)(6$)(7<3/$166+$//%(68%0,77(')255(9,(:$33529$/$1'3(50,7,668$1&(
12)5$0,1*257%$5$33529$/6:,//%(*5$17(':,7+2877+(),5('(3$570(17$33529$/)257+(),5(635,1./(56
)851,6+$///$%250$7(5,$/66(59,&(6(48,30(17$1'$33/,$1&(65(48,5('723(5)250$//:25.72&203/(7(7+(&2175$&7,1&/8',1*%87127/,0,7('727+(6(0$-25,7(06 $(/(9$7253,7)281'$7,21:$//6%(/2:*5$'(%3527(&7,212):$7(53522),1*0(0%5$1(6<67(0&121&25526,9()/$6+,1*7(50,1$7,21675,3)25%(/2:*5$'(7(50,1$7,212):$7(53522),1*'5$,1$*(&20326,7($1'3527(&7,21%2$5'3$1(/60$18)$&785( 3529,'(352'8&76$60$18)$&785('%<&$5/,6/(t0,5$'5,:5*5$&( &2v%,787+(1(w:50($'2:6v6($/7,*+70(/52/w25$33529('(48$/0$7(5,$/6 $(0%5$1(:$7(53522),1*6+$//%($0,/&5266/$0,1$7('+,*+'(16,7<6+((72)32/<(7+</(1(),/0%$&.,1*&2$7('$'+(5('2121(6,'(:,7+$)$&725<$33/,('58%%(5,=('$63+$/7 %87</58%%(5 72$&21752//('7+,&.1(662)w0,/7+,&.$)7(5:+,&+$5(029$%/(3527(&7,9(5(/($6(3$3(5,6$77$&+('727+($'+(6,9(685)$&(0(0%5$1(%35,0(56 3529,'($1(235(1(:$7(5%$6('92&&203/,$1735,0(5'(6,*1(')25$//9(57,&$/685)$&(6$71250$/7(03(5$785(6 )$1'$%29( $65(&200(1'('%<7+(0$18)$&785(5&(/$6720(5,&0$67,& 58%%(5$63+$/7%$6('0$67,&$65(&200(1'('%<7+(0$18)$&785(5'/,48,'0(0%5$1( 7:2&20321(17(/$6720(5,&&2/'$33/,('/,48,'0(0%5$1($65(&200(1'('%<7+(0$18)$&785(5(3527(&7,21&2856( )'5$,1$*(3$1(/&20326,7(6 3529,'($w'5$,1$*(&25(&20326,7(:,7+$',0(16,21$/+,*+,03$&75(6,67$1732/<0(5,&6+((7 32/<67<5(1(2532/<3523</(1( ',03/('&25(:,7+$121:29(1*(27(;7,/(),/7(5)$%5,&6(&85(/<%21'('727+(723685)$&( 21(6,'(' 0,5$'5$,1&26(//$'25.(125(48$/*3527(&7,21%2$5' 3529,'($0,1,080ww+,*+3,(&(2)w7+,&.&(0(17+$5'%2$5'+$5',3$1(/$63527(&7,21727+('5$,1$*(&20326,7(723527(&7)520/$1'6&$3('$0$*(+121&25526,9()/$6+,1*7(50,1$7,21%$5 3529,'($t39&u&/$03,1*%$57(50,1$7,21%$5)/$6+,1*675,37+$7,6)/(;,%/(+,*+675(1*7+8967$%/()/86+02817('$1'635,1*/2&.,1*)25&21),1(0(17$1'&/2685(2)7+(:$7(53522),1*0(0%5$1($1''5$,1$*(3$1(/&20326,7(723+25,=217$/7(50,1$7,21('*(t685(7(50u7(50%$5352'8&7$6',675,%87('%<6<67(06:$7(53522),1*6833/< 25(48$/ 12.12:1(48$/ 685)$&(66+$//%()5((2)92,'6/226($**5(*$7(6+$533527586,216$1''5<%()25($33/,&$7,212)0(0%5$1(:$7(53522),1*6<67(065(3$,5'()(&76%()25($33/<,1*35,0(55(029(6+$533527586,2160$6215<-2,1760867%(6758&.2)))/86+5(029(*5($6(2,/2527+(5&217$0,1$176&/($1685)$&(:,7+$%52209$&880&/($1(525&2035(66('$,5725(029('867/226(6721(6$1''(%5,6
&21&5(7(0867%(&85('$0,1,0802)'$<6
$33/<35,0(5:,7+$/$0%6:22/52//(5$7&29(5$*(2)64)73(5*$/$//2:35,0(572'5<+28525817,/7$&.)5((35,0(21/<7+($5($:+,&+:,//%(&29(5(':,7+0(0%5$1(,1$:25.,1*'$<$5($6127&29(5(':,7+0(0%5$1(,1+28560867%(5(35,0(''5<35,0('685)$&(66+28/'%(&29(5(',00(',$7(/<:+(5(&217$0,1$176)5207+($,5$5($&&808/$7,1*217+(685)$&(0(7$/2527+(5'(16(685)$&(6'21275(48,5(35,0,1*%870867%(&/($1'5<$1')5((2)/226(3$,1758672527+(5&217$0,1$176
$33/<0(0%5$1(6)5207+(/2:32,17727+(+,*+32,17,1/(1*7+612*5($7(57+$1)((7627+$7/$366+(':$7(5$//(1'/$366+$//%(67$**(5('$33/<6+((70(0%5$1(6,1'28%/(7+,&.1(6629(53523(5/<6($/('(;3$16,21&216758&7,21$1'&21752/-2,176:$//&5$&.629(5w,1:,'7+6+$//%(35(675,33(':,7+w:,'(0(0%5$1(
$//7(50,1$7,2160867%(6($/(':,7+$752:(/%($'2)(/$6720(5,&0$67,&('*(66+28/'%(35(66(':,7+$0(7$/25+$5':22'722/68&+$6$+$00(5+$1'/(1$,/,1*:+(5(5(48,5('6+$//%(:,7+/$5*(+($'1$,/6$7w,17(59$/6&29(5(':,7+$1w:,'(675,32)0(0%5$1($//7(50,1$7,2160867%(),1,6+(':,7+752:(/%($'0$67,&
$'+(5(7+('5$,1$*(%2$5'727+(0(0%5$1(87,/,=,1*7+($'+(6,9(7$3(251213(1(75$7,1*&/,3625)$67(1,1*6,167$//&217,18286'5$,1$*(3$1(/629(57+(:$//:$7(53522),1*(;7(1'837+(:$//727+(352326('/(9(/2)),1,6+*5$'(81/(6627+(5:,6(,1',&$7('255(48,5('&217,18286,03(59,286)$&($*$,1677+(:$7(53522),1*:+(5(2&&855,1*6+,1*/(+25,=217$/-2,176,)68&+$5(5(48,5('7235(9(17:$7(5(175<%(+,1'7+(6758&785(0$7(5,$/&$37+(723('*(:,7+),/7(5)$%5,&(;7(1'(''2:1$7/($67w72(1685(62,/&$1127(17(57+('5$,1$*(6/276
7+(0$18)$&785(5$1'$33/,&$7256+$//)851,6+$:5,77(1:$55$17<7+$7$//0(0%5$1(63527(&7,21&2856($1'27+(5(/(0(176(66(17,$/727+(:$7(57,*+71(66:,//&217,18(72%(:$7(57,*+7)25$3(5,2'2)7:2 <($56)2//2:,1*$&&(37$1&(2)7+(:25.%<7+($5&+,7(&7
6&23('2&80(176 7+(6('5$:,1*6,1',&$7(7+(*(1(5$/6&23(2)7+(352-(&7,17(5062)7+(29(5$//&21&(377+(',0(16,2162)7+(%8,/',1*7+(0$-25$5&+,7(&785$/(/(0(176$1'7+(7<3(2)6758&785$/0(&+$1,&$/(/(&75,&$/6<67(06217+(%$6,62)7+(*(1(5$/6&23(,1',&$7('25'(6&5,%('7+(&2175$&7256+$//)851,6+$//,7(065(48,5(')257+(3523(5(;(&87,21$1'&203/(7,212)7+(:25.$33529$/%<7+(&,7<,163(&725'2(6127&2167,787($87+25,7<72'(9,$7()5207+(3/$16$1'63(&,),&$7,216
7+()2//2:,1*127(6$1'7<3,&$/'(7$,/6$33/<72$//'5$:,1*681/(66127('27+(5:,6(
7+()2//2:,1*127(6$1'7<3,&$/'(7$,/6$33/<72$//'5$:,1*681/(66127('27+(5:,6(
'5$:,1*6,1',&$7(*(1(5$/$1'7<3,&$/'(7$,/62)&216758&7,21:+(5(&21',7,216$5(12763(&,),&$//<,1',&$7('%87$5(2)6,0,/$5&+$5$&7(572'(7$,/66+2:1'(7$,/62)&216758&7,216+$//%(86('68%-(&7727+(5(9,(:$1'$33529$/2)7+($5&+,7(&7
&2'(5(48,5(0(176 $//&216758&7,21$1'0$7(5,$/66+$//%($663(&,),('$1'$65(48,5('%<7+($33/,&$%/((',7,212)7+(,17(51$7,21$/%8,/',1*&2'(/2&$/&2'(6$1'-85,6',&7,21$/$87+25,7,(6$1'$*(1&,(6
7+(&2175$&7256+$//3(5)250,1$0$11(5&21)250,1*72$33/,&$%/(5(*8/$7,21$1'5(48,5(0(1762)$//*29(51,1*$*(1&,(6
($&+68%&2175$&725,00(',$7(/<8321&203/(7,212)($&+3+$6(2)+,6:25.6+$//5(029($//75$6+$1''(%5,6$6$5(68/72)+,623(5$7,21
$//0$7(5,$/66725('217+(6,7(6+$//%(3523(5/<67$&.('$1'3527(&7('7235(9(17'$0$*($1''(7(5,25$7,21817,/86(
3529,'($//1(&(66$5<%/2&.,1*%$&.,1*$1')5$0,1*)25/,*+7),;785(6(/(&75,&$/81,76+9$&(48,30(17$1'$//27+(5,7(065(48,5,1*6$0(
$//0$7(5,$/66+$//%(+$1'/('$1',167$//('3(57+(0$18)$&785(5
663(&,),&$7,216$1'5(&200(1'$7,216
6725$*( ',63(16,1*2586(2)$1<)/$00$%/(25&20%867,%/(/,48,'6)/$00$%/(*$6(6 +$=$5'286&+(0,&$/66+$//&203/<:,7+81,)250),5(&2'(5(*8/$7,216
120$7(5,$/66+$//%(6725('2138%/,&3523(57<81/(66$1(1&52$&+0(173(50,7,6),5672%7$,1(')5207+(38%/,&:25.6'(37
7+(&2175$&7256+$//'2$//&877,1*),77,1*253$7&+,1*2)+,6:25.7+$70$<%(5(48,5('720$.(,766(9(5$/3$576),772*(7+(53523(5/<$1'6+$//127(1'$1*(5$1<27+(5:25.%<&877,1*(;&$9$7,1*2527+(5:,6($/7(5,1*7+(727$/:25.25$1<3$572),7$//3$7&+,1*5(3$,5,1*$1'5(3/$&,1*2)0$7(5,$/6$1'685)$&(6&8725'$0$*(',1(;(&87,212):25.6+$//%('21(:,7+$33/,&$%/(0$7(5,$/6627+$7685)$&(65(3/$&(':,//8321&203/(7,210$7&+6855281',1*6,0,/$5685)$&(6
6+23'5$:,1*6 123257,212)7+(:25.5(48,5,1*$6+23'5$:,1*256$03/(68%0,66,216+$//&200(1&(817,/7+(68%0,66,21+$6%((15(9,(:('%<7+($5&+,7(&7$//68&+3257,2162)7+(:25.6+$//%(,1$&&25'$1&(:,7+$33529('6+23'5$:,1*6$1'6$03/(67+($5&+,7(&76+$//127352&((':,7+7+(5(9,(:2)6+23'5$:,1*6)25$63(&,),&6(&7,212)63(&,),&$7,21681/(667+(6+23'5$:,1*6)257+$76(&7,21$1'$//5(/$7('$1'&217,*82866(&7,2162):25.$5(68%0,77(',17+(,5(17,5(7<6,08/7$1(286/<7+(5(9,(:$1'$&&(37$1&(2)$3$572)7+(6+23'5$:,1*66+$//127,03/<7+($&&(37$1&(2)7+(6+23'5$:,1*6,1:+2/(25,13$57
'(6,*10$7(5,$/6(48,30(17$1'352'8&7627+(57+$17+26('(6&5,%('%(/2:25,1',&$7('217+('5$:,1*60$<%(&216,'(5(')2586(3529,'('35,25$33529$/,62%7$,1(')5207+(2:1(5$5&+,7(&7$1'7+($33/,&$%/(*29(51,1*&2'($87+25,7<
$//&2/256$1'&2/256$03/(66+$//%(68%0,77('727+($5&+,7(&7)255(9,(:$1'$33529$/35,2572,167$//$7,2125$33/,&$7,21
',0(16,216 $$//',0(16,2166+$//%(9(5,),(',17+(),(/'%$//',0(16,2166+2:1$5(72&(17(5/,1(2)&2/8016$1'%($06)$&(2)&21&5(7(%/2&.:$//6('*(2)6/$%)$&(2)678'681/(66127('27+(5:,6(&&(,/,1*+(,*+7',0(16,216$5()520),1,6+(')/225256/$%727+(),1,6+(')$&(2)&(,/,1*'',0(16,216$1'(/(9$7,216$5(727+(7232)&21&5(7(%/2&.2527+(5+$5'685)$&(0$7(5,$/6127727+(7232))/225&29(5,1*25522),1*81/(6627+(5:,6(127('('21276&$/('5$:,1*6 )2//2:',0(16,216
7+(&2175$&7'5$:,1*6$1'63(&,),&$7,2165(35(6(177+(),1,6+('6758&785(81/(6627+(5:,6(6+2:17+(<'2127,1',&$7(7+(0(7+2'2)&216758&7,212%6(59$7,219,6,76727+(6,7(%<),(/'5(35(6(17$7,9(62)7+($5&+,7(&7$1'+,6&2168/7$176'2127,1&/8'(,163(&7,212)7+(3527(&7,9(0($685(6257+(352&('85(6)2568&+0(7+2'62)&216758&7,21$1<68332576(59,&(63(5)250('%<7+($5&+,7(&7$1'+,6&2168/7$176'85,1*&216758&7,216+$//%(',67,1*8,6+(')520&217,18286$1''(7$,/(',163(&7,216(59,&(6:+,&+$5()851,6+('%<27+(567+(6(68332576(59,&(6:+,&+$5()851,6+('%<7+($5&+,7(&7$1'+,6&2168/7$176:+(7+(52)0$7(5,$/25:25.$1':+(7+(53(5)250('35,2572'85,1*25$)7(5&203/(7,212)&216758&7,21$5(3(5)250('62/(/<)257+(385326(2)$66,67,1*,148$/,7<&21752/$1',1$&+,(9,1*&21)250$1&(:,7+&2175$&7'5$:,1*6$1'63(&,),&$7,216
7+(&2175$&7256+$//9(5,)<(;,67(1&($1'/2&$7,212)$//6+2:187,/,7<6(59,&(6$1'&225',1$7($65(48,5('127,)<,1*7+($5&+,7(&72)9$5,$7,21625&21)/,&76
3523(57</,1(6$'-$&(1772%8,/',1*6+$//%((67$%/,6+(',17+(),(/'%<$/,&(16('6859(<25$1'$6859(<5(32576+$//%(68%0,77('727+(,163(&72535,2572)281'$7,21,163(&7,21
'85,1*&216758&7,21&2175$&7256+$//3529,'($1'0$,17$,1),5((;7,1*8,6+(56$65(48,5('%<7+($*(1&<2)-85,6',&7,21
6),5('(3$570(17),(/',163(&725
),5(67233,1*6+$//%(3529,'('72&872))$//&21&($/(''5$)723(1,1*6 %27++25,=217$/$1'9(57,&$/ ,1$//678':$//6$1'3$57,7,216,1&/8',1*)855('63$&(6627+$77+(0$;,080',0(16,212)$1<&21&($/('63$&(,612729(5)((7
$//6(3$5$7,216$65(48,5('%<*29(51,1*$*(1&,(66+$//%(3529,'('
),5(3527(&7,21'5$:,1*66+$//%(35(3$5('%<7+(),5(3527(&7,2168%&2175$&725
68%0,7),5(3527(&7,213/$1672),5(0$56+$/)255(9,(:$1'67$032)$33529$/)25),5(&2'(5(48,5(0(176
3529,'($3257$%/(),5((;7,1*8,6+(56((),5(3527(&7,216<67(0127(6
67$1'3,3(6$5(5(48,5('6((),5(3527(&7,216<67(0127(6
$//87,/,7</,1(6&21'8,760(&+$1,&$/$1'3/80%,1*3,3(6,167$//('$%29(7+(&(,/,1*66+$//%(+(/'$6&/26($63266,%/(727+($'-$&(17522)6758&785(
(;,76,*1,//80,1$7,21&,5&8,76+$//%(0$,17$,1('$1'&21752//('6(3$5$7(/<)520$//27+(5&,5&8,76,17+(%8,/',1*
3529,'((;,76,*16$1'',5(&7,21$/6,*16:,7+0,1,080+,*+%<:,'(6752.(%/2&./(77(5621$&2175$67,1*%$&.*5281'6((3/$16)25/2&$7,216&%&6(&7,21
3('(675,$1$,6/(66+$//%(,1&+0,1,080$1'812%6758&7(':,'7+7238%/,&:$<6
:$7(56+$//%(3529,'('217+(6,7($1'86('72&21752/'867'85,1**5$',1*23(5$7,216
72,/(7)$&,/,7,(66+$//%(3529,'('$7$//7,0('85,1*&216758&7,21
3529,'($//$&&(663$1(/6$65(48,5('%<*29(51,1*&2'(25$87+25,7,(672$//&21&($/('63$&(692,'6$77,&6$1'62219(5,)<7+(7<3(5(48,5(':,7+7+($5&+,7(&735,2572,167$//$7,21
$//,168/$7,1*0$7(5,$/60867%(121&20%$67,%/($1',167$//(',1&203/,$1&(:,7+7+()/$0(635($'$1'602.('(16,7<5(48,5(0(1762)&+$37(52)7+(&$/,)251,$%8,/',1*&2'(
%8,/',1*,168/$7,2172%(&(57,),('%<7+(0$18)$&785(5720((77+(&$/,)251,$67$1'$5'6)25,168/$7,1*0$7(5,$/
$//(;7(5,25'2256$1':,1'2:66+$//%('(6,*1('72/,0,7$,5/($.$*(3(56(&7,212)7+((1(5*<&216(59$7,2167$1'$5'6
(;7(5,25*/$66'22560867+$9($/2&.,1*'(9,&(2)$7<3(7+$7:,//%(5($',/<',67,1*8,6+$%/($6/2&.('
$//(;7(5,25:$//23(1,1*6)/$6+,1*&2817(5)/$6+,1*&23,1*6$1'(;3$16,21-2,1766+$//%(:($7+(53522)
3529,'(3/$16)257(0325$5<6+25,1*2)(;&$9$7,2167+$75(029(7+(/$7(5$/6833257$738%/,&:$<25$1(;,67,1*%8,/',1*(;&$9$7,216$'-$&(1772$38%/,&:$<5(48,5(38%/,&:25.6$33529$/35,2572,668$1&(2)%8,/',1*3(50,7
7+(%8,/',1*,163(&7256+$//%(127,),('-86735,257267$572)&216758&7,21,1&/8',1**5$',1*
3529,'(0(7$/75,025&$6,1*$7$//('*(62)3/$67(525'5<:$//685)$&(6:+(5(,77(50,1$7(6250((76$1<27+(50$7(5,$/81/(6627+(5:,6(127('
$//:(/',1*72%(3(5)250('%<:(/'(56&(57,),('%<7+(*29(51,1*&,7<25&2817<%8,/',1*'(3$570(17)256758&785$/67((/
$//522)'5$,166+$//%(/2&$7('$77+(/2:(6732,172)7+(522)7$.,1*,172&216,'(5$7,217+(&$0%(52)%($06$1''()/(&7,212)&$17,/(9(56&2175$&7256+$//9(5,)<7+$7326,7,9('5$,1$*((;,676)520$//32,17621522)35,25726+($7+,1*
*(1(5$/127(6 *(1(5$/127(6&217),5(127(6
:$7(53522),1*
$33529('$''5(66(6$1'%8,/',1*180%(56$5(5(48,5('72%(3529,'(')25$//1(:%8,/',1*6,168&+$326,7,21$672%(3/$,1/<9,6,%/($1'/(*,%/()5207+(675((72552$')5217,1*7+(3523(57< &)&6(& $1'72&203/<:,7+7+(*29(51,1*&,7<25',1$1&(6)25/2&$7,21$1'/,*+7,1*5(48,5(0(176
&2175$&7256+$//3529,'($/,672)68%&2175$&7256728&,,)5(48(67('
7+(0($162)(*5(666(59,1*$52202563$&(6+$//%(,//80,1$7('$7$//7,0(67+$77+(52202563$&(,62&&83,(' &%&6(&7,21
$6,*16+$//%(3529,'('$7($&+)/225/$1',1*,1$1,17(5,25(;,767$,5:$<$1'5$03&211(&7,1*025(7+$17+5((6725,(6'(6,*1$7,1*7+()/225/(9(/7+(7(50,1862)7+(723$1'%277202)7+(,17(5,25(;,767$,5:$<$1'5$03$1'7+(,'(17,),&$7,212)7+(67$,5255$037+(6,*1$*(6+$//$/6267$7(7+(6725<2)$1'7+(',5(&7,21727+((;,7',6&+$5*($1'7+($9$,/$%,/,7<2)522)$&&(66)5207+(,17(5,25(;,767$,5:$<$1'5$03)257+(),5('(3$570(177+(6,*16+$//%(/2&$7(')((7 00 $%29(7+()/225/$1',1*,1$326,7,217+$7,65($',/<9,6,%/(:+(17+('2256$5(,17+(23(1$1'&6('326,7,216 &%&6(&7,21 7+(/2&$7,212)),5('(3$570(17+26(&211(&7,2166+$//%($&&25'$1&(:,7+&$/,)251,$),5(&2'($1'$33529('%<7+(),5(0$56+$/ &%&6(&7,21
3529,'($1$33529('),5($/$506<67(0
(;,7'22566+$//6:,1*,17+(',5(&7,212)(;,775$9(/:+(16(59,1*25025(3(56216$1',1$1<+$=$5'286$5($2)*5283+2&&83$1&<&%&6(&7,21
(9(5<(;,7'2256+$//%(23(5$%/()5207+(,16,'(:,7+2877+(86(2)$/$7&+25722/2563(&,$/.12:/('*(25())25763(&,$//2&.,1*'(9,&(66+$//%(21/<$33529('7<3(&%&6(&7,21
(;,7,//80,1$7,216+$//%(3529,'(')520$1(0(5*(1&<32:(56<67(0(0(5*(1&</,*+7,1*6+$//*,9($9$/8(2)21()227&$1'/($7)/225/(9(/&%&6(&7,216
$//67((/678'686('217+,6352-(&76+$//%(68%0,77('727+($5&+,7(&7)25$33529$/35,25727+(,586(217+,6352-(&7
)/225(/(9$7,216,1',&$7('$5(727+(7232)6758&785$/7233,1*6/$%25*5$'(6/$%81/(66127('
7+(9(57,&$/',0(16,216)5207+(),1,6+)/225727+(81'(56,'(2)$1<6758&785$/(/(0(173,3,1*(/(&75,&$/),;785((7&6+$//%(
0,1,080$7'5,9($,6/(6$7$//+$1',&$3/(9(/6$1'
$77<3,&$//(9(/681/(66127('
$1,17(5,25(;,767$,5:$<$1'5$036+$//127&217,18(%(/2:,76/(9(/2)(;,7',6&+$5*(81/(66$1$33529('%$55,(5,63529,'('$77+(/(9(/2)(;,7',6&+$5*(7235(9(173(56216)52081,17(17,21$//<&217,18,1*,172/(9(/6%(/2:',5(&7,21$/(;,76,*166+$//%(3529,'('$663(&,),(',1&%&6(&7,21 &%&6(&7,21
$//67$,5:$<66+$//%(%8,/72)0$7(5,$/6&216,67(17:,7+7+(7<3(63(50,77(')257+(7<3(2)&216758&7,212)7+(%8,/',1*(;&(377+$7:22'+$1'5$,/66+$//%(3(50,77(')25$//7<3(62)&216758&7,21 &%&67$,5:$<&216758&7,21
(;7(5,2567$,5:$<66+$//127352-(&7,172<$5'6:+(5(23(1,1*6$5(1273(50,77('253527(&7,212)23(1,1*6,65(48,5('
(1&/26('86$%/(63$&(81'(567$,566+$//+$9(7+(:$//6 62)),763527(&7('217+((1&/26('6,'($65(48,5(')2521(+285),5(5(6,67,9(&216758&7,21
67$,5:$<6(;,7,1*',5(&7/<727+((;7(5,252)$%8,/',1*)28525025(6725,(6,1+(,*+76+$//%(3529,'(':,7+0($16)25(0(5*(1&<(175<)25),5('(3$570(17$&&(66
*/$=('23(1,1*6,1),5('22566+$//127%(3(50,77(',1),5($66(0%/<5(48,5('72+$9(+2855$7('),5(5(6,67,9(5$7,1*7$%/(
7+($5($2)*/$=('23(1,1*6,1$),5('2255(48,5('72+$9(+525+5),5(5(6,67,9(5$7,1*6+$//%(/,0,7('7264,1&+(6:0$;',0(16,212),1&+(6:+(1%27+/($9(62)$3$,52)'2256+$9(2%6(59$7,213$1(/67+(727$/$5($2)7+(*/$=('23(1,1*66+$//127(;&(('64,1&+(6)25($&+/($)
*/$=('23(1,1*66+$//%(/,0,7('72 64,1&+(6,1:22' 3/$67,&)$&('&20326,7(25+2//2:0(7$/'22563(5/,*+7:+(1),5(5(6,67,9($66(0%/,(6$5(72+$9($+285),5(5(6,67,9(5$7,1*
:+(5(+285),5(3527(&7,21:,1'2:$66(0%/,(63(50,77('),5(3527(&7,215$7('*/$=,1*5(48,5,1*0,187(23(1,1*3527(&7,21,1$&&25'$1&(:,7+7$%/(6+$//%(/,0,7('72),5(3$57,7,216'(6,*1(',1$&&25'$1&(:,7+&%&6(&7,21$1'),5(%$55,(5687,/,=(',17+($33/,&$7,2166(7)257+,1&%&6(&7,216$1':+(5(7+(),5(5(6,67$1&(5$7,1*'2(6127(;&(('+285),5(5(6,67$1&(5$7('*/$=,1*$66(0%/,(67(67(',1$&&25'$1&(:,7+$670( 258/6+$/127%(68%-(&7727+(/,0,7$7,2162)&%&6(&7,21
*/$=,1*0$7(5,$/6 */$66%/2&.6$66(0%/,(66+$//%(48$/,),('%<7(67,1$&&25'$1&(:6)067$1'$5' )25),5('2256 256)067$1'$5'$ )25),5(:,1'2:6 $6$335235,$7()257+(86($1'7+(<6+$//%(/$%(/(')257+(5(48,5('),5(3527(&7,215$7,1* ,167$//(',1$&&25'$1&(:,7+7+(,5/,67,1**/$=,1*,1),5('225$66(0%/,(6 ,1),5(:,1'2:$66(0%/,(668%-(&772+80$1,03$&7,1+$=$5'286/2&$7,216$6,1',&$7(',1&%&6(&6+$//&203/<6(&7,21&%&6(&
$//522)$1'3$''5$,1$*(6+$//%(&21'8&7('727+(675((7,1$1$&&(37$%/(0$11(5 5()(5723/80%,1*'5$:,1*681'(56(3(5$7(3(50,7
6758&785$/2%6(59$7,21&(57,),&$7,215(48,5(0(176%</,&(16('352)(66,21$/$5(5(48,5(')25&216758&7,212)$//1(:%8,/',1*63(5%8,/',1*$1'6$)(7<
35,25727+(,668$1&(2)$&(57,),&$7(2)86($1'2&&83$1&<:5,77(1&(57,),&$7,21%<$&$/,)251,$5(*,67(5('(1*,1((57+$77+(522)6/23(,6,1&21)250$1&(:,7+7+($33529('3/$166+$//%(68%0,77('727+(&,7<%8,/',1*,163(&725
7+,6352-(&7+$6%((15(9,(:(')25&21)250$1&(:,7+7+($0(5,&$16:,7+',6$%,/,7,(6$&7 $'$ &203/,$1&(:,7+7+,6$&7,67+(5(63216,%,/,7<2)7+(2:1(5'(9(/23(5&2175$&725'(6,*1(5$1'$5&+,7(&7
35,2572)281'$7,21$33529$/)253/$&(0(172)&21&5(7(7+(&2175$&7256+$//3529,'($&(57,),&$7,21%<$&$/,)251,$&,9,/(1*,1((525/,&(16('/$1'6859(<257+$7)52176,'($1'5($5<$5'6(7%$&.6&21)250727+($33529('3/$16
35,25727+(,668$1&(2)$&(57,),&$7(2)86($1'2&&83$1&<7+((1*,1((525$5&+,7(&76+$/68%0,7:5,77(1&(57,),&$7,21727+(&+,()%8,/',1*2)),&,$/67$7,1*7+$77+(6,7(9,6,76+$9(%((10$'($1':+(7+(525127$1<2%6(59(''(),&,(1&,(6+$9(%((1&255(&7('72&21)250727+($33529('3/$16$1'63(&,),&$7,21625725(9,6(''(7$,/6$33529('%<7+(&+,()%8,/',1*2)),&,$/
35,25727+(,668$1&(2)$&(57,),&$7(2)86($1'2&&83$1&<$&$/,)251,$&,9,/(1*,1((56+$//&(57,)<7+$7522)6/23(6$5(,1$&&25'$1&(:,7+$33529('3/$16
$//&21&5(7((;326('7268/)$7(&217$,1,1*62/87,212562,/66+$//%(36,&21&5(7(81/(667+(62,/65(325767,38/$7(6$/(662568/)$7(&217(17
:+(5((9&+$5*(56$5(3529,'('23(5$%/(3$57621$//(9&+$5*(566+$//&203/<:,7+6(&7,21% 23(5$%/(3$5766+$//%(23(5$%/(:,7+21(+$1'$1'6+$//1275(48,5(7,*+7*5$63,1*3,1&+,1*257:,67,1*2)7+(:5,677+()25&(5(48,5('72$&7,9$7(23(5$%/(3$5766+$//%(3281'6 1 0$;,08023(5$%/(3$5766+$//%(/2&$7('0,1,080w$1'0$;,080w)5207+(*5281',76(59(6 &%&%
7+$77+(5(6+$//%(12287'22525(;7(5,257(/(3+21(69(1',1*0$&+,1(6.,26.66725$*(&217$,1(5681$77(1'('&2//(&7,21%2;(61(:63$3(55$&.6(7&3(50,77('216,7(
7+(3523(57<6+$//%(6(&85('9,$.12;%2;/2&.:,7+$&&(667232/,&($1'),5(
32/,&($1'),5(6+$//%(*,9(1.(<&2'($&&(6672$1</2&.('9(+,&/(3('(675,$1(175$1&(67+$7$5(5(675,&7('725(6,'(17621/< 32/,&(
7+(5(6+$//%(121*/$5(6(&85,7</,*+7,1*)253$5.,1*6758&785($7$//3$5.,1*/(9(/63('(675,$167$,5:$<6$1':$/.:$<6 32/,&(
7+($33/,&$1766+$//,167$//9,'(26859(,//$1&(2)3$5.,1*/27%8,/',1*(175,(6(;,76&$6+,(5&2817(56$1'2)),&(6$1'27+(5&$6++$1'/,1*$5($6$6$33/,&$%/( 32/,&(
$//(;7(5,25&08:$//6(;326('5$,16+$//%(6($/('
$//&216758&7,210$7(5,$/72%(121&20%867,%/(0$7(5,$/$1<:22'72%(),5(5(7$5'$1775($7(':22'27+(50,//:25.(7&*2&03/<:,7+6(& 7+()/$0(635($'5$7,1*2)$//0$7(5,$/,17+(3$5.,1*6758&785(72%(&/$66$
3('(675,$166+$//%(3527(&7(''85,1*&216758&7,215(02'(/,1*$1''(02/,7,21$&7,9,7,(6$65(48,5('%<7+,6&+$37(5$1'7$%/(6,*166+$//%(3529,'('72',5(&73('(675,$175$)),&
6,*166+$//%(3529,'(',1$&&25'$1&(:,7+6(&7,21%$1'6+$//&203/<:,7+6(&7,21%2)7+(&$/,)251,$%8,/',1*&2'(
*(1(5$/352-(&763(&,),&127(6 $//&21'8,7,672%(&21&($/(' 7+(5(,672%(12(;326('&21'8,7&21'8,725/(66,1',$,672%(&21&($/(':,7+,17+(&21&5(7(6/$%%($06&2/8016$1'25:$//6&21'8,76*5($7(57+$1 ',$0(7(5,672%(&225',1$7(':,7+7+('(6,*17($035,25723/$&(0(17&21'8,76(,7+(56/((9('7+528*+7+(%($062558181'(56,'(2)&21&5(7('(&.3$5$//(/727+(%($06 63(&,),&/2&$7,2161(('72%(&225',1$7(':,7+7+($5&+,7(&72:1(535,2572,167$//12&21'8,7,672581%(/2:%277202)%($06 12(;&(37,216*&72&225',1$7($//3,3,1*&21'8,75287,1*35,25727+(67$572)&216758&7,21
$//3,3,1*,672%(6/((9('7+528*+7+(%($062558181'(56,'(2)&21&5(7('(&.3$5$//(/727+(%($06+25,=217$/3,3,1*,612772581%(/2:%277202)%($06 12(;&(37,216&225',1$7(:,7+$//',6&,3/,1(6
635,1./(5/,1(6 :+(5(3529,'(' $5(72%()8//<&225',1$7(':,7+7+(/$<2872)7+(/,*+7),;785(6/,*+7),;785(6$5(&(17(5(':,7+,17+(0,''/(2)7+(%$< 635,1./(5/,1(6$5(72%(2))6(7)5207+(/,*+7),;785(6&/($5635,1./(5/,1(6$1'0$,16$5(72581$6+,*+$63266,%/(727+(81'(56,'(2)'(&.
&2175$&72572&225',1$7($//9(57,&$/3,3,1*67$1'3,3(6&/($52)3$5.,1*67$//63('(675,$1:$<6$1''5,9($,6/(67+(5(,672%(12(;326('3,3,1*&21'8,71($57+(9(+,&/(3('(675,$1(175,(6(;,76&225',1$7(),1$//2&$7,216:,7+$5&+,7(&735,2572,167$//$//9(57,&$/5,6(56$5(72%(&21&($/(')520(;7(5,259,(:$1'$5(72581$'-$&(17727+('2:17851%($0%(+,1'$&2/801627+$(<$5(+,''(1)5209,(:
&/$66,67$1'3,3(+26(&211(&7,216 9(57,&$/5,6(56 $5(72%(3527(&7(')5209(+,&/(,03$&7:,7+,17+(3$5.,1*),(/' $
&/($563$&,1*$&&(66727+(&211(&7,21,65(48,5('/2&$7,216$5(72%()8//<&225',1$7(':,7+7+($5&+,7(&735,2572&216758&7,21
(;,76,*166+$//%(,17(51$//<25(;7(51$//<,//80,1$7('$1',//80,1$7('$7$//7,0(6(;,76,*16,//80,1$7('%<$1(;7(51$/6285&(6+$//+$9($1,17(16,7<2)127/(667+$1)227&$1'/(6
3+272/80,1(6&(17 121(/(&75,& (;,76,*166+$//%(&/($5/<9,6,%/()520$1<',5(&7,212)$3352$&+$1'6+$//%(/2&$7('$61(&(66$5<72&/($5/<,1',&$7(7+(',5(&7,212)(*5(6675$9(/1232,17:,7+,17+(3$5.,1*6758&785(6+$//%(025(7+$1)((7)5207+(1($5(67(;,76,*1),1$//2&$7,216$5(72%(),(/'9(5,),('35,2572,167$//$1'$5(72%($33529('%</2&$/-85,6',&7,21$//(;,76,*16$5(72%(/2&$7(':,7+,1&/26(352;,0,7<72$/,*+76285&(720((77+(8/ 3(5)250$1&(67$1'$5'&2/25 7%'
,17(51$//<,//80,1$7('6,*166+$//%(/,67('$1'/$%(/('$1'6+$//%(,167$//(',1$&&25'$1&(:,7+7+(0$18)$&785(56,16758&7,216$1'6(&7,21
(;,76,*166+$//%(&211(&7('72$1(0(5*(1&<32:(56285&(6<67(07+$7:,//3529,'($1,//80,1$7,212)127/(667+$1 0,1,1&$6(2)35,0$5<32:(5/266
(0(5*(1&<32:(56<67(06+$//3529,'(32:(5)25$'85$7,212)127/(667+$1 0,187(6$1'6+$//&216,672)6725$*(%$77(5,(681,7(48,30(1725$1216,7(*(1(5$7257+(,167$//$7,212)7+((0(5*(1&<32:(56<67(06+$//%(,1$&&25'$1&(:,7+6(&7,21
5()(5727+(0$,13/$16+((76)256/$%(/(9$7,216$1'7+((;7(172)7+(6:$/($5281'7+(3(5,0(7(52)7+(6758&785(5$03$1'67$,5/2%%<$5($6 :+(5(2&&856 5()(572(1/$5*('3/$16)25$//'(7$,/('6/$%(/(9$7,216$75220667$,56$1'/2%%,(6
(0(5*(1&</,*+7,1*)$&,/,7,(66+$//%($55$1*('723529,'(,1,7,$/,//80,1$7,217+$7,6$7/($67$1$9(5$*(2))227&$1'/(0,1)520$1<32,17$1'0,1)227&$1'/( /8; 0($685('$/21*7+(3$7+2)(*5(66$7)/225/(9(/,//80,1$7,21/(9(/66+$//%(3(50,77('72'(&/,1(72)227&$1'/($9(5$*($77+((1'2)7+((0(5*(1&</,*+7,1*7,0('85$7,21$0$;720,1,//80,1$7,2181,)250,7<5$7,212)726+$//127%((;&(('('
$&&(66,%/(3$7+2)75$9(/$&&(66:$/.,1*685)$&(7+$7,63$572)$1$&&(66,%/(5287(253$7+727+((/(9$725/2%%,(66+$//127+$9($5811,1*6/23(67((3(57+$1125$&52666/23(67((3(57+$13(5&(17 5()(572 &%&% $&&(66,%/(67$//6/2$',1*81/2$',1*=21(6$1'7+(,5'(6,*1$7('3$7+$5(12772+$9($&52666/23(255811,1*6/23(2)*5($7(57+$1,1$1<',5(&7,21
$0,1,0802)
29(5+($'&/($5$1&(,65(48,5('$1'3529,'('$7$///(9(/67+528*+2877+(3$5.,1*6758&785(,1&/86,9(2)9(+,&/(3$66$*(:$<6 (175$1&(6 '5,9($,6/(63$5.,1*67$//6$1',65(48,5('72%(0$,17$,1('$781'(56,'(2)$1<'8&763,3(6%($06'5$,16(7&
6758&785$/(/(0(176),;785(625)851,6+,1*66+$//127352-(&7+25,=217$//<)520(,7+(56,'(025(7+$1,1&+(629(5$1<:$/.,1*685)$&(%(7:((17+(+(,*+762),1&+(6$1',1&+(6$%29(7+(:$/.,1*685)$&((;&(37,21 +$1'5$,/66(59,1*67$,56$1'5$036$5(3(50,77('72352758'(,1&+(6)5207+(:$//
,17(5,25),1,6+0$7(5,$/6$33/,('72:$//$1'&(,/,1*66+$//%(7(67('$663(&,),(',16(&7,21$1'7$%/(
3(1(75$7,2162)),5(5(6,67$1&(5$7('+25,=217$/$66(0%/,(66+$//&203/<:,7+6(&7,217+528*+3(1(75$7,2166+$//&203/<:,7+6(&7,212525$6127('%(/2:
$67((/)(5528625&233(5&21'87,60$<3(1(75$7($6,1*/(),5(5(6,67$1&(5$7(')/225$66(0%/<:+(17+($118/$563$&(,63527(&7(':,7+0$7(5,$/7+$70((76$670( 258/%3(1(75$7,1*,7(06$6127('$%29(:,7+$0$;,080,1120,1$/',$0(7(56+$//127%(/,0,7('727+(3(1(75$7,212)$6,1*/(&21&5(7()/2253529,'('7+$77+($5($2)7+(23(1,1*67+528*+($&+)/225'2(6127(;&(('64,1
&3(1(75$7,2166+$//%(),5(67233('%<$6<67(0,167$//('$67(67(',1$&&25'$1&(:,7+$670(258/ 7+(6<67(06+$//+$9($1)5$7,1*$1'75$7,1*2)127/(667+$1+5%87127/(667+$17+(5(48,5('5$7,1*2)7+()/2253(1(75$7('
'0(0%5$1(3(1(75$7,216%</,67('(/(&75,&$/287/(7%2;(6$5(3(50,77('3529,'('68&+%2;(6+$9(%((17(67(')2586(,1),5(5(6,67$1&(5$7('$66(0%/,(6$1'7+(63$&(%(7:((17+(&(,/,1*0(0%5$1($1'7+(%2;127(;&((',181/(66/,67('27+(5:,6(
3(1(75$7,216,1),5(5(6,67$1&(5$7(':$//66+$//&203/<:,7+6(&7,217+528*+7+528*+3(1(75$7,2166+$//&203/<:,7+6(&7,212525$6127('%(/2:
$67((/)(5528625&233(53,3(60$<3(1(75$7(),5(5(6,67$1&(5$7(':$//63529,'('7+(23(1,1*,63527(&7('$6)2//2:6 ,,7(03(1(75$7,1*&21&5(7(250$6215<:$//6,6$0$;,080,1120,1$/',$0(7(5$1'7+($5($2)7+(23(1,1*7+528*+7+(:$//'2(6127(;&(('64,1&21&5(7(*5287250257$5,63(50,77(':+(5(,7,6,167$//('7+()8//7+,&.1(662)7+(:$//257+(7+,&.(1(665(48,5('720$,17$,17+(),5(5(6,67$1&(5$7,1* 25,,:+(17+($118/$563$&(,63527(&7(':,7+0$7(5,$/7+$70((76$670( 258/
%3(1(75$7,2166+$//%(),5(67233('%<$6<67(0,167$//('$67(67(',1$&&25'$1&(:,7+$670(258/ $1'6+$//+$9($1)5$7,1*2)127/(667+$17+(5(48,5('),5(5(6,67$1&(5$7,1*2)7+(:$//3(1(75$7('
&0(0%5$1(3(1(75$7,2162)0$;,0807:2+285),5(5(6,67$1&(5$7(':$//6%<67((/(/(&75,&$/%2;(6$5(3(50,77('3529,'('7+$7($&+'2(6127(;&(('64,1,1$1$5($$1'7+(727$/$5($2)68&+23(1,1*6'2(6127(;&(('64,1)25$1<64)72):$//$5($$1'7+(63$&(%(7:((17+(:$//0(0%5$1($1'7+(%2;'2(6127(;&((',1$'',7,21$//<287/(7%2;(62123326,7(6,'(62)7+(:$//6+$//%(6(3$5$7('%<$+25,=217$/',67$1&(2)127/(667+$1,1
'0(0%5$1(3(1(75$7,216%</,67('(/(&75,&$/%2;(62)$1<0$7(5,$/$5(3(50,77('3529,'('68&+%2;(6+$9(%((17(67(')2586(,1),5(5(6,67$1&(5$7('$66(0%/,(6$1'7+(63$&(%(7:((17+(:$//0(0%5$1($1'7+(%2;'2(6127(;&((',181/(66/,67('27+(5:,6($'',7,21$//<287/(7%2;(62123326,7(6,'(62)7+(:$//6+$//%(6(3$5$7('%<7+(+25,=217$/',67$1&(63(&,),(',17+(/,6,1*2)7+(%2;(6
(:+(5(:$//6$5(3(1(75$7('%<27+(50$7(5,$/2523(1,1*6/$5*(57+$17+26(0(17,21('$%29(7+(<0867%(48$/,),('%<7(676,1$&&25'$1&(:,7+6(&7,21
(0(5*(1&<5(6321'(5&20081,&$7,21&29(5$*(,167$//('$1'3(50,77('7+528*+1%)'$1'25$1*(&2817<6+(5,))6
62/$5$55$<6+$//&203/<:,7+&+$37(52)7+(&)&
'22566+$//5(0$,123(1'85,1*5(*8/$5%86,1(66+2856
$6,*16+$//%(3267('217+(%86,1(66)5217$*(7+$7$'9,6(63$752162)7+($9$,/$%,/,7<$1'/2&$7,212)3$5.,1*63$&(6
6,*166+$//%(3267('217+(6,7(&217$,1,1*7+()2//2:,1*,1)250$7,21 $'2256$5(725(0$,123(1'85,1*%86,1(66+2856 $1'%$180%(572&$//)25&2'((1)25&(0(17
352-(&763(&,),&*(1(5$/127(6
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
*(1(5$/127(6
73
83
)8785(7(1$176)
)8785(7(1$17
B
('5'
83
83
83
5'5'5''1
352326('3$5.,1*6758&785()8//<635,1./(5('1)3$
3$5.,1*/27 (;,67,1*2)),&(%8,/,1*
35
2
3
(
5
7
<
/
,
1
(
6/23(83#
7238%/,&5,*+72):$<
6577(0%,.(50
/1*750%,.(50
(/(&750
35
2
3
(
5
7
<
/
,
1
(
),
5
(
/
$
1
(
6/23(83#6/23('1#
',$*21$/%8,/,1*',67$1&(
6/23('1#
',$*21$/%8,/,1*',67$1&(
(*5(66/(*(1'
'LVWDQFH'LVWDQFH
',5(&7,213$7+2)(*5(66
727$/2&&83$176
$&&808/$7('2&&83$176
127(
6,7($&&(66,%,/,7<5287(5$036,'(:$/.'(6,*15(48,5(0(176'(7$,/6$5(3529,'('21&,9,/'5$:,1*6
(*5(6675$9(/',67$1&(
(;,76,*1$552:,1',&$7(6',5(&7,212)(;,7+$7&+,1*,1',&$7(6/2&$7,212)6,*1
(;,7180%(5
:,'7+3(53(5621 ,1
&/($5(;,7:,'7+ ,1
0$;&$3$&,7<
$&78$/&$3$&,7<
6,7((;,7,1*3/$1
/(9(/(;,7,1*3/$1
/(9(/(;7(;,7,1*3/$1
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
(;,7,1*3/$16
74
(
7232)39
7232)63$1'5(/
/(9(/727$/$5($ 64)723(1$5($ 64)7/(9(/ 23(1727+(6.<
/HYHO
/HYHO
/HYHO
$)
39/HYHO
$
$(
(
7232)39
7232)63$1'5(/
/(9(/727$/:$//$5($ 64)7727$/23(1$5($ 64)7/(9(/23(1727+(6.<
7232)39
7232)63$1'5(/
/(9(/727$/:$//$5($ 727$/23(1$5($ /(9(/23(1727+(6.<
/HYHO
/HYHO
/HYHO
67$,5522)
7232)63$1'5(/
/(9(/727$/:$//$5($ 64)7727$/23(1$5($ 64)7/(9(/23(1727+(6.<
6+($5:$//
)$&$'(2)02%,1%$&.*5281':,7+$6680('3523(57</,1(
)520)$&(2)3$5.,1*6758&785(
/(9(/727$/:$//$5($2)3$5.,1*6758&785(,1)5212)02%:$//:,7+$6680('3523(57</,1(
64)70$;23(1$5($$//2:('3(57$%/(&%& ;64)7 64)723(1$5($3529,'(' 64)7
/(9(/23(1727+(6.<
/(9(/727$/:$//$5($ 64)7727$/23(1$5($ 64)7/(9(/23(1727+(6.<
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
23(1$5($&$/&8/$7,21(;7(5,25
(/(9$7,216
:(67(/(9$7,2123(1$5($&$/&&RS\
($67(/(9$7,2123(1$5($&$/&&RS\
6287+(/(9$7,2123(1$5(&$/&&RS\
1257+(/(9$7,2123(1$5($&$/&&RS\
75
83
83
352326('23(13$5.,1*6758&785(
2&&83$1&<6&216758&7,217<3(,,%)8//<635,1./(5('1)3$
3$5.,1*/27
(;,67,1*2)),&(%8,/',1*
35
2
3
(
5
7
<
/
,
1
(
$6680('3523(57</,1(
6/23(83#
$66(66,%/(3$7+2)75$9(/
3523(57</,1(
$6
6
8
0
(
'
3
5
2
3
(
5
7
<
/
,
1
(
35
2
3
(
5
7
<
/
,
1
(
23(167$,5
23(167$,5
),
5
(
/
$
1
(
123$5.,1*7851$5281'67$//
6&(75$16)250(5
6&(75$16)250(5
*(1(5$7253$'
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
6,7(3/$1
76
('('
83
83
$
%
)
3$
3$
(
&
'
$
$
(
(
3$
&
(/(&75,&$/5220
/21*7(50%,.(5220%,.(6
6+($5:$//
7 '
7'
6+2577(50%,.(5220%,.(6
6+($5:$//
6/23(83#
6+($5:$//
6+($5:$//
,19(57(55220
123$5.,1*7851$5281'67$//
3$
3$
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
/(9(/)/2253/$1
77
('('
83
83
$
%
)
3$
3$
(
&
'
$
$
(
(
3$
&
3$
3$
6/23(83#
(/(&75,&$/5220
'5,9($,6/(
'5,9($,6/(
/21*7(50%,.(5220%,.(6
6+2577(50%,.(5220%,.(6
67$1'$5'67$//6#
67$1'$5'67$//6#
(9&$3$%/(67$//6#
(9&$3$%/(67$//6#
(9&$3$%/(67$//6#
(9&$3$%/(67$//6#
,195750
123$5.,1*7851$5281'67$//
'5,9($,6/(
'5,9($,6/(
'5,9($,6/(
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$$
/(9(/675,3,1*)/2253/$1
78
)8785(
6)
)8785(7(1$176)
)8785(7(1$17
B
('5'
'1
'1
83
$
%
)
3$
3$
(
&
'
$
$
(
(
3$
&&
6/23(83#6/23('1#
6/
2
3
(
8
3
#
7'
7 '
3('(675,$1%5,'*($&&(66
7<3
6+($5:$//
67$,5
67$,5
3$
3$
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
/(9(/)/2253/$1
/(9(/)/2253/$1 79
)8785(
6)
)8785(7(1$176)
)8785(7(1$17
B
('5'
'1
'1
83
$
%
)
3$
3$
(
&
'
$
$
(
((
3$
&&
3$
3$
6/23(83#6/23('1#
6/
2
3
(
8
3
#
'5,9($,6/(
'5,9($,6/(
(4 (4
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6835$03#
'5,9($,6/(
'5,9($,6/(
67$1'$5'67$//6#
67$1'$5'67$//6#
67$1'$5'67$//6835$03#
'5,9($,6/(
'5,9($,6/(
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$$
/(9(/675,3,1*)/2253/$1
80
('5'5'5'5'5'5'
83
'1
$
%
)
3$(
&
'
$
$
(
(
3$
&
)$&(2)%/'*
3('(675,$1$&&(66%5,'*(
3$
3$
6/23('1#
7<3
123$5.,1*7851$5281'67$//
123$5.,1*67$,5(;,7
(1'2)1'/(9(/
3$
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
/(9(/(;7)/2253/$1
81
('5'
83
83
'1
$
%
)
3$
3$
(
&
'
$
$
(
(
3$
&
3$
02%%5,'*($&&(66
67$//6#
67$//6#
123$5.,1*7851$5281'67$//
6/23('1#
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$$
/(9(/(;7675,3,1*)/2253/$1
82
83
$
%
)
3$
(
&
'
$
$
(
(
3$
&
3+27292/7$,&3$1(/6
3$6LP
3$
3$
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
39/(9()/2253/$1
39/(9(/)/2253/$1
83
/HYHO
/HYHO
$)
39/HYHO
$
$((
3+27292/7$,&3$1(/6
(
3+27292/7$,&3$1(/6
0(7$/67$,5&$123<
7232)39
7232)63$1'5(/
7232)39
7232)63$1'5(/
3+27292/7$,&3$1(/6
/HYHO
/HYHO
67$,5522)
3+27292/7$,&3$1(/6
35(),1,6+('9(57,&$/$5&+,7&785$/0(0%(5%<*(2/$0
67$,5&$123<
($67(/(9$7,21 'HSHQGHQW
:(67(/(9$7,21 'HSHQGHQW
6287+(/(9$7,21 'HSHQGHQW
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
(;7(5,25(/(9$7,21
1257+(/(9$7,21 'HSHQGHQW
84
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
3(563(&7,9(9,(:6
$(5,$/9,(:727+(1257+&251(5
$(5,$/9,(:727+(6287+&251(5
85
/HYHO
/HYHO
39/HYHO
3+27292/7$,&3$1(/6
7232)39
/HYHO
/HYHO
$%)(&'
39/HYHO
3('(675,$1$&&(66%5,'*(72$'-$&(17%8,/',1*
3523(57</,1($6680('3523(57</,1((;,67,1*%8,/',1*
$
(&
3+27292/7$,&3$1(/6
6(&7,21
6(&7,21 'HSHQGHQW
7+(6('5$:,1*6$1'63(&,),&$7,216$5(7+(3523(57<2)7:,167(36$1'6+$//127%(86(')25$1<27+(5:25.(;&(37%<$*5((0(17:,7+7:,167(36
6&$/(
-2%12
'$7(
6&+(0(12
3
0
,59,1($9(
02%5(129$7,21
,59,1($9(
1(:3257%($&+&$
3$
%8,/',1*6(&7,216
86
87
88
89
INT
E
N
T
I
O
N
A
L
L
Y
B
L
A
N
K
P
A
G
E
90
Attachment No. PC 3
Noise and Vibration Analysis
Available separately due to bulk at: http://www.newportbeachca.gov/Pln/PC_TEMP_LINK/PA2024-
0070_Noise_and_Vibration_Report.pdf
91
IN
T
E
N
T
I
O
N
A
L
L
Y
B
L
A
N
K
P
A
G
E
92
Attachment No. PC 4
Air Quality and Greenhouse Gas Analysis
Available separately due to bulk at: http://www.newportbeachca.gov/Pln/PC_TEMP_LINK/PA2024-0070_Technical_Report_Air_Quality_and_GHG_Analysis.pdf
93
IN
T
E
N
T
I
O
N
A
L
L
Y
B
L
A
N
K
P
A
G
E
94
January 23, 2025, Planning Commission Item 2 Comments
These comments on a Newport Beach Planning Commission agenda item are submitted by:
Jim Mosher ( jimmosher@yahoo.com ), 2210 Private Road, Newport Beach 92660 (949-548-6229).
Item No. 2. NEWPORT IRVINE MEDICAL CENTER (PA2024-0070)
1.There is a discrepancy between the staff report and the draft resolution as to who approved
the existing Use Permit No. UP1939.
The staff report, on handwritten page 6, refers to “Use Permit No. UP1939 (UP1939),
approved by the City Council on May 12, 1980.” But there is no mention of this in the draft
resolution. Instead, Section 1.2 says only “The Planning Commission approved Use Permit
No. UP1939 on April 24, 1980” and Section 4.4 says “This resolution supersedes Planning
Commission Use Permit No. 1939.”
Review of the April 24, 1980, PC minutes, where this was Item 8 (starting on page 28)
indicates the PC did, indeed, by a 3:2 vote (with 2 absent) approve UP1939, retroactively
blessing a building under construction over the base height staff could allow. However, the
PC’s action was called up for review by the City Council, where the May 12, 1980, minutes
indicate a hearing on UP1939 was held as Item D.2, with a 5:2 majority of the Council voting
to “sustain” the PC’s decision, but with an additional stipulation.
2.Section 3.G.1 (handwritten page 31 of the staff report) confusingly says an additional height
increase is requested “to allow glass parapets as exterior-only architectural features.”
However, the project plans on handwritten pages 68 and 69 appear to indicate that much, if
not most, of the maximum height featrues will be constructed not of glass, but of “fiber
cement” and “ACP aluminum composite” panels.
3.More importantly, in assessing constistency with the General Plan and Zoning, Fact 3.B.2 on
handwritten page 26, mentions that with a final gross floor area of 78,229 square feed the
FAR will be 0.55 where a maximum of 0.50 is allowed. Even though that is closer to
compliance than it was, isn’t that still a problem?
The 1980 PC staff report indicates the approved UP1939 proposal was for a 75,751 square
feet gross area building, as does the April 14, 1980, environmental notice. While that report
says a much larger project could have been allowed in 1980, isn’t the existing building now a
legally non-conforming structure?
Does that affect the analysis? And how did it get to be larger than allowed by UP1939?
4.Additionally, a number of conditions were imposed on UP1939, as well as environmental
mitigation measures. Since UP1939 is proposed to be superseded, has staff verified all
those conditions have been fulfilled and do not need to be carried forward?
5.Among the earlier conditions, it is interesting to note the the applicant was required to
acknowledge that the City was working to eliminate jet service at the nearby airport, and to
promise not to oppose those efforts.
6.With regard to airport jet noise, the statement in the Noise and Vibration Analysis
(Attachment No. PC 3) that “Aircraft flyovers may be audible on the project site” seems
quite an understatement. Indeed, being immediately adjacent to the JWA departure path,
Planning Commission - January 23, 2025 Item No. 2a - Additional Materials Received Newport Irvine Medical Center (PA2024-0070)
January 23, 2025, PC agenda Item 2 comments - Jim Mosher Page 2 of 2
this seems a site more likely to be impacted by noise than to generate new noise impacts of
its own. In that regard, it would be interesting to know what the anticipated noise level due to
those external sources will be in the “new atrium-style lobby” – a question that does not
seem to be addressed in the Analysis, other than with a vague promise the structure is
required to conform to building codes.
7. More importantly, the Analysis’ conclusion that no significant noise impacts will be created
by the future operation of the facility is confusingly stated.
Table N of the Analysis predicts a 1.5 dB increase in traffic noise on “Orchard Drive West of
Birch Street,” which it says is insignificant because it is less than 3 dB.
However, General Plan Policy N 1.8 and NBMC Subsection 20.30.080 set a stricter standard
when ambient noise levels are high, as they are in this community. The threshold of
significance is a 2 dB increase when the ambient CNEL exceeds 60 dB, and a 1 dB increase
when the ambient CNEL exceeds 65 dB.
Based on the analyst’s own long-term noise measurements at location LT-2 (see Table H
and Figure 3 of the Analysis), the existing CNEL at the sensitive receptor locations along
this stretch of Orchard Drive is likely to be close to or exceed 70 dB, which would make a
1.5 dB increase significant.
This is not to say the analyst’s conclusion is wrong, because he or she is predicting the
increase in traffic noise, alone, and not the increase in the total noise with which our code is
presumably concerned, and to which the street traffic noise may be a small contributor
(given the aircraft operations). But to support the conclusion, I believe the analyst should
have reported how much the 1.5 dB increase in traffic noise would change the total noise,
and demonstrate that the increase will be less than 1 dB..
Planning Commission - January 23, 2025 Item No. 2a - Additional Materials Received Newport Irvine Medical Center (PA2024-0070)
1
Subject:FW: Planning Commission Meeting Comment
From: Taleene Rose <taleene@taleenerosehome.com>
Sent: Wednesday, January 22, 2025 5:25:21 PM (UTC-08:00) Pacific Time (US & Canada)
To: City Clerk's Office <CityClerk@newportbeachca.gov>
Cc: Bob Davis <bdavis@naicapital.com>
Subject: Planning Commission Meeting Comment
[EXTERNAL EMAIL] DO NOT CLICK links or attachments unless you recognize the sender and know the content is
safe. Report phish using the Phish Alert Button above.
Dear Planning Commitee,
Thank you for your thoughtful review of the project referenced on the notice below. I am one of the owners of the
neighboring property. We own the building at the corner of Birch and Orchard immediately adjacent to the project.
We share a property line.
I have two concerns that I would like to vocalize. First, the project’s structured parking is being placed right along
our shared property line. Is there any kind of green screen that is going to be placed along the property line side of
their garage in order to make it more aesthetically appealing from our side? Second, a parking reduction is being
proposed. How are we going to ensure that patrons coming to visit the medical office aren’t simply going to park in
adjacent property owners surface lots?
Thank you for taking these concerns into consideration. We welcome any design or operational ideas to mitigate
our concerns.
Best,
Taleene Rose & the Bass Capital LLC
Planning Commission - January 23, 2025 Item No. 2b - Additional Materials Received After Deadline Newport Irvine Medical Center (PA2024-0070)
2
Sent from my iPhone
Planning Commission - January 23, 2025 Item No. 2b - Additional Materials Received After Deadline Newport Irvine Medical Center (PA2024-0070)