ML21189A031
ML21189A031 | |
Person / Time | |
---|---|
Issue date: | 07/06/2021 |
From: | Joseph Sebrosky NRC/NRR/DANU |
To: | Afzali A, Draffin C, Nichol M Nuclear Energy Institute, Southern Company Services, US Dept of Energy, Office of Nuclear Energy |
References | |
Download: ML21189A031 (29) | |
Text
&Ž ^Ž:Ž
^ d:WD
dŽ E/,K>D
^ŽE:<:ŽWdŽ<
dŽ,EZZEhhZWŽEZZEhhZd
Žh^d'E<ŽŽŽ
ŽDŽ^D^EZZ^
DŽDd
^ tWŽZŽŽŽŽ
WŽ^/ŽŽ
ZW^/ŽŽ/^'Z&dŽ
$PLU$I]DOL
6RXWKHUQ&RPSDQ\6HUYLFHV
/LFHQVLQJDQG3ROLF\'LUHFWRU+/-1H[W*HQHUDWLRQ5HDFWRUV
0DUF1LFKRO
6U'LUHFWRU1HZ5HDFWRUV
1XFOHDU(QHUJ\,QVWLWXWH
&\ULO'UDIILQ
6HQLRU)HOORZ$GYDQFHG1XFOHDU
8QLWHG6WDWHV1XFOHDU,QGXVWU\&RXQFLO
7KHSXUSRVHRIWKLVHPDLOLVWRWUDQVPLWWR\RXWKHGUDIWZKLWHSDSHUDVVRFLDWHGZLWKWKH
$GYDQFHG5HDFWRU&RQWHQWRI$SSOLFDWLRQ3URMHFW $5&$3 &KDSWHU³6LWH,QIRUPDWLRQ'
7KHVWDIILVUHEDVHOLQLQJLWV$5&$3DQG7HFKQRORJ\,QFOXVLYH&RQWHQWRI$SSOLFDWLRQ3URMHFW
7,&$3 GUDIWJXLGDQFHGRFXPHQWVLQ-XO\RI7KHGDIWJXLGDQFHDVVRFLDWHGZLWK$5&$3
&KDSWHUZDVSUHYLRXVO\PDGHSXEOLFO\DYDLODEOHRQ1RYHPEHU VHH
KWWSVZZZQUFJRYGRFV0/0/$SGI 7KH1RYHPEHUYHUVLRQZDVQRWLQ
DGUDIWLQWHULPVWDIIJXLGDQFH ,6* IRUPDW7KHDWWDFKHGYHUVLRQLVLQWKH,6*IRUPDWDQGRWKHU
PLQRUIRUPDWWLQJFKDQJHVKDYHEHHQPDGHWRWKHGRFXPHQW7KHWHFKQLFDOFRQWHQWRIWKH
GRFXPHQWKDVQRWFKDQJHGIURPWKHSUHYLRXVYHUVLRQ7KHVWDIILVUHLVVXLQJVRPHRIWKHHDUOLHU
YHUVLRQVRIWKH$5&$3DQG7,&$3JXLGDQFHGRFXPHQWVVXFKWKDWWKHGRFXPHQWVDUHLQD
FRQVLVWHQWIRUPDW
7KLVHPDLO LQFOXGLQJWKHDWWDFKPHQW ZLOOEHPDGHSXEOLFO\DYDLODEOHLQ$'$06VXFKWKDWWKH
GRFXPHQWVFDQEHUHIHUHQFHGLQ7DEOHRIWKH$5&$37,&$3SXEOLFZHESDJH VHH
KWWSVZZZQUFJRYUHDFWRUVQHZUHDFWRUVDGYDQFHGGHWDLOVKWPODGY5[&RQWHQW$SS3URM
3OHDVHOHWPHNQRZLI\RXKDYHDQ\TXHVWLRQV
6LQFHUHO\
-RH6HEURVN\
6HQLRU3URMHFW0DQDJHU
$GYDQFHG5HDFWRU3ROLF\%UDQFK
2IILFHRI1XFOHDU5HDFWRU5HJXODWLRQ
+HDULQJ,GHQWLILHU 155B'50$
(PDLO1XPEHU
0DLO(QYHORSH3URSHUWLHV 3+350%'$())%
6XEMHFW 'UDIW:KLWH3DSHU$VVRFLDWHGZLWK$GYDQFHG5HDFWRU&RQWHQWRI$SSOLFDWLRQ
3URMHFW&KDSWHU6LWH,QIRUPDWLRQ
6HQW'DWH 30
5HFHLYHG'DWH 30
)URP 6HEURVN\-RVHSK
&UHDWHG%\ -RVHSK6HEURVN\#QUFJRY
5HFLSLHQWV
6DQILOLSSR1DWKDQ1DWKDQ6DQILOLSSR#QUFJRY!
7UDFNLQJ6WDWXV1RQH
-LP&.LQVH\-UMLPNLQVH\#LQOJRY!
7UDFNLQJ6WDWXV1RQH
&KULVWRSKHU3&KZDV]&KULVWRSKHU&KZDV]#LQOJRY!
7UDFNLQJ6WDWXV1RQH
7RP.LQJ WKRPDVNLQJ#JPDLOFRP!
7UDFNLQJ6WDWXV1RQH
7KRPDV+LFNVKLFNVWH#HDUWKOLQNQHW!
7UDFNLQJ6WDWXV1RQH
$867*(1.DWLNUD#QHLRUJ!
7UDFNLQJ6WDWXV1RQH
VWHYHQHVELW#OPQWFRQVXOWLQJFRPVWHYHQHVELW#OPQWFRQVXOWLQJFRP!
7UDFNLQJ6WDWXV1RQH
&KLVKROP%UDQGRQ0LFKDHO%0&+,6+2#6287+(51&2&20!
7UDFNLQJ6WDWXV1RQH
'RULW\'D\QD'D\QD'RULW\#QUFJRY!
7UDFNLQJ6WDWXV1RQH
6WXW]NH0DUWLQ0DUWLQ6WXW]NH#QUFJRY!
7UDFNLQJ6WDWXV1RQH
6PLWK155%ULDQ%ULDQ6PLWK#QUFJRY!
7UDFNLQJ6WDWXV1RQH
6KDPV0RKDPHG0RKDPHG6KDPV#QUFJRY!
7UDFNLQJ6WDWXV1RQH
0LFKDHO7VFKLOW]PGW#QHLRUJ!
7UDFNLQJ6WDWXV1RQH
- 5283155B'$18B8$53'LVWULEXWLRQ
3URVDQWD&KRZGKXU\#QUFJRY!
7UDFNLQJ6WDWXV1RQH
$UORQ&RVWD#QUFJRY!
7UDFNLQJ6WDWXV1RQH
$P\&XEEDJH#QUFJRY!
7UDFNLQJ6WDWXV1RQH
-RUGDQ+RHOOPDQ#QUFJRY!
7UDFNLQJ6WDWXV1RQH
'DZQPDWKHZV.DODWKLYHHWWLO#QUFJRY!
7UDFNLQJ6WDWXV1RQH
0DU\DP.KDQ#QUFJRY!
7UDFNLQJ6WDWXV1RQH
0DUJDUHW2 %DQLRQ#QUFJRY!
7UDFNLQJ6WDWXV1RQH
(ULF2HVWHUOH#QUFJRY!
7UDFNLQJ6WDWXV1RQH
6WHSKHQ3KLOSRWW#QUFJRY!
7UDFNLQJ6WDWXV1RQH
:LOOLDP5HFNOH\#QUFJRY!
7UDFNLQJ6WDWXV1RQH
(OL]DEHWK5HHG#QUFJRY!
7UDFNLQJ6WDWXV1RQH
-RVHSK6HEURVN\#QUFJRY!
7UDFNLQJ6WDWXV1RQH
-RKQ6HJDOD#QUFJRY!
7UDFNLQJ6WDWXV1RQH
-XDQ8ULEH#QUFJRY!
7UDFNLQJ6WDWXV1RQH
1DQHWWH9DOOLHUH#QUFJRY!
7UDFNLQJ6WDWXV1RQH
- 5283155B'$18B8$57'LVWULEXWLRQ
&KULVWRSKHU$GDPV#QUFJRY!
7UDFNLQJ6WDWXV1RQH
0DUJDUHW$XGUDLQ#QUFJRY!
7UDFNLQJ6WDWXV1RQH
$QWRQLR%DUUHWW#QUFJRY!
7UDFNLQJ6WDWXV1RQH
$OH[DQGHU&KHUHVNLQ#QUFJRY!
7UDFNLQJ6WDWXV1RQH
7LPRWK\'U]HZLHFNL#QUFJRY!
7UDFNLQJ6WDWXV1RQH
0LFKHOOH+DUW#QUFJRY!
7UDFNLQJ6WDWXV1RQH
0LFKHOOH+D\HV#QUFJRY!
7UDFNLQJ6WDWXV1RQH
,DQ-XQJ#QUFJRY!
7UDFNLQJ6WDWXV1RQH
7LPRWK\/XSROG#QUFJRY!
7UDFNLQJ6WDWXV1RQH
,PWLD]0DGQL#QUFJRY!
7UDFNLQJ6WDWXV1RQH
0LFKDHO2UHQDN#QUFJRY!
7UDFNLQJ6WDWXV1RQH
+DQK3KDQ#QUFJRY!
7UDFNLQJ6WDWXV1RQH
-DVRQ6FKDSHURZ#QUFJRY!
7UDFNLQJ6WDWXV1RQH
-HIIUH\6FKPLGW#QUFJRY!
7UDFNLQJ6WDWXV1RQH
DOH[DQGUDVLZ\#QUFJRY!
7UDFNLQJ6WDWXV1RQH
]HHVWKLODLUH#QUFJRY!
7UDFNLQJ6WDWXV1RQH
%R\FH7UDYLV#QUFJRY!
7UDFNLQJ6WDWXV1RQH
&KULVWRSKHU9DQ:HUW#QUFJRY!
7UDFNLQJ6WDWXV1RQH
$I]DOL$PLU$$)=$/,#VRXWKHUQFRFRP!
7UDFNLQJ6WDWXV1RQH
1,&+2/0DUFXVPUQ#QHLRUJ!
7UDFNLQJ6WDWXV1RQH
&\ULO'UDIILQF\ULOGUDIILQ#XVQLFRUJ!
7UDFNLQJ6WDWXV1RQH
3RVW2IILFH 3+350%QDPSUGSURGRXWORRNFRP
)LOHV 6L]H 'DWH 7LPH
0(66$*( 30
$5&$3&KDSWHU6LWH,QIRUPDWLRQ,QWHULP6WDII*XLGDQFHB'5$)7GRF[
2SWLRQV
3ULRULW\ 1RUPDO
5HWXUQ1RWLILFDWLRQ 1R
5HSO\5HTXHVWHG 1R
6HQVLWLYLW\ 1RUPDO
([SLUDWLRQ'DWH
7KLVGUDIWVWDIIZKLWHSDSHUKDVEHHQSUHSDUHGDQGLVEHLQJUHOHDVHGWRVXSSRUW
RQJRLQJSXEOLFGLVFXVVLRQV7KLVGUDIWZKLWHSDSHUXVHVDQLQWHULPVWDII
JXLGDQFH ,6* IRUPDWEHFDXVHWKHVWDIILVFRQVLGHULQJXVLQJWKLVIRUPDWWR
SURYLGHVWDIIJXLGDQFHLQWKHQHDUIXWXUHWRVXSSRUWWKHUHYLHZRIDGYDQFHG
UHDFWRUDSSOLFDWLRQV
7KLVSDSHUKDVQRWEHHQVXEMHFWWR15&PDQDJHPHQWDQGOHJDOUHYLHZVDQG
DSSURYDOVDQGLWVFRQWHQWVDUHVXEMHFWWRFKDQJHDQGVKRXOGQRWEHLQWHUSUHWHG
DVRIILFLDODJHQF\SRVLWLRQV
'$18>;;@,6*><<<<@
$GYDQFHG5HDFWRU&RQWHQWRI$SSOLFDWLRQ
&KDSWHU³6LWH,QIRUPDWLRQ'
,QWHULP6WDII*XLGDQFH
-XO\;
'$18>;;@,6*><<<<@
$GYDQFHG5HDFWRU&RQWHQWRI
$SSOLFDWLRQ
&KDSWHU³6LWH,QIRUPDWLRQ'
,QWHULP6WDII*XLGDQFH
$'$06$FFHVVLRQ1R0/(((((((([ 7$&((((((
2)),&( 47( >3*&%30@ >1557HFKQLFDO >1557HFKQLFDO/HDG
/HDG$XWKRU@ %UDQFK&KLHI@
1$0(
'$7(
2)),&( >2WKHU155'LYLVLRQ >2WKHU15&'LYLVLRQ >5HJLRQDO2IILFHVDV 2*&
'LUHFWRUVDV 'LUHFWRUVDV DSSURSULDWH@
DSSURSULDWH@ DSSURSULDWH@
1$0(
'$7(
2)),&( >3*&%/$@ >1557HFKQLFDO/HDG
'LYLVLRQ'LUHFWRU@
1$0(
'$7(
2)),&,$/5(&25'&23<
,17(5,067$))*8,'$1&(
$'9$1&('5($&725&217(172)$33/,&$7,21
&+$37(5³6,7(,1)250$7,21'
'$18,6*<<<<
385326(
7KH861XFOHDU5HJXODWRU\&RPPLVVLRQ 15&RU&RPPLVVLRQ VWDIILVSURYLGLQJWKLVLQWHULP
VWDIIJXLGDQFH ,6* WRIDFLOLWDWHWKHUHYLHZRIDGYDQFHGUHDFWRUFRQWHQWRIDSSOLFDWLRQJXLGDQFH
WKDWLVXVHGWRVXSSRUWUHYLHZVRIQRQOLJKWZDWHUUHDFWRUV QRQ/:5V VWDWLRQDU\PLFUR
UHDFWRUVDQGVPDOOPRGXODU/:5VVXEPLWWLQJULVNLQIRUPHGDSSOLFDWLRQVIRUDFRQVWUXFWLRQ
SHUPLW &3 RURSHUDWLQJOLFHQVH 2/ XQGHU7LWOHRIWKHCode of Federal Regulations
&)5 3DUW³'RPHVWLF/LFHQVLQJRI3URGXFWLRQDQG8WLOL]DWLRQ)DFLOLWLHV'RUIRUDFRPELQHG
OLFHQVH &2/ PDQXIDFWXULQJOLFHQVH 0/ RUGHVLJQFHUWLILFDWLRQ '& XQGHU&)53DUW
³/LFHQVHV&HUWLILFDWLRQVDQG$SSURYDOVIRU1XFOHDU3RZHU3ODQWV'7KHJXLGDQFHIRXQGLQWKLV
,6*VXSSRUWVWKHGHYHORSPHQWRIWKHSRUWLRQRIDQDGYDQFHGUHDFWRUDSSOLFDWLRQDVVRFLDWHGZLWK
DQDSSOLFDQW¶V³6LWH,QIRUPDWLRQ'
,WLVDQWLFLSDWHGWKDWWKLVJXLGDQFHZLOOEHXSGDWHGWRXVHIRUUHYLHZVRIDGYDQFHGQXFOHDUUHDFWRU
OLFHQVHDQGSHUPLWDSSOLFDWLRQVVXEPLWWHGXQGHU&)53DUW³/LFHQVLQJDQG5HJXODWLRQRI
$GYDQFHG1XFOHDU5HDFWRUV'RQFHWKHFRQWHQWRIWKDWUHJXODWLRQLVGHYHORSHG
%$&.*5281'
7KLV,6*LVEDVHGRQWKHDGYDQFHGUHDFWRUFRQWHQWRIDSSOLFDWLRQSURMHFW $5&$3 ZKRVH
SXUSRVHLVWRGHYHORSWHFKQRORJ\LQFOXVLYHULVNLQIRUPHGDQGSHUIRUPDQFHEDVHGDSSOLFDWLRQ
JXLGDQFH7KH$5&$3LVEURDGHUWKDQDQGHQFRPSDVVHVWKHLQGXVWU\OHGWHFKQRORJ\
LQFOXVLYHFRQWHQWRIDSSOLFDWLRQSURMHFW 7,&$3 7KHJXLGDQFHIRXQGLQWKLV,6*VXSSOHPHQWV
WKHJXLGDQFHIRXQGLQ'$18,6*<<<<³$GYDQFHG5HDFWRU&RQWHQWRI$SSOLFDWLRQ
- XLGDQFH'ZKLFKSURYLGHVDURDGPDSIRUGHYHORSLQJDOOSRUWLRQVRIDQDSSOLFDWLRQ7KH
JXLGDQFHLQWKLV,6*LVOLPLWHGWRWKHSRUWLRQRIDQDGYDQFHGUHDFWRUDSSOLFDWLRQDVVRFLDWHGZLWK
WKHGHYHORSPHQWRIULVNLQIRUPHGVLWHLQIRUPDWLRQIRUWKHQXFOHDUUHDFWRUSODQWDSSOLFDQW
7KH3DUWUHJXODWLRQLVXQGHUGHYHORSPHQWDQGDVVXFKWKHJXLGDQFHIRXQGLQWKLVGRFXPHQW
LVVXEMHFWWRFKDQJHEDVHGRQWKHRXWFRPHRIWKLVUXOHPDNLQJ$VWKH&)53DUW
UHTXLUHPHQWVDUHGHYHORSHGWKLV,6*JXLGDQFHZLOOEHVXSSOHPHQWHGDVQHFHVVDU\WRSURYLGH
JXLGDQFHIRUGHYHORSLQJVLWHLQIRUPDWLRQWRUHIOHFWDQ\GLIIHUHQFHVLQUHTXLUHPHQWVEHWZHHQ3DUW
DQG3DUW7KHJRDORIWKH&)53DUWUXOHPDNLQJHIIRUWLVWRGHYHORSWKH
UHJXODWRU\LQIUDVWUXFWXUHWRVXSSRUWWKHOLFHQVLQJRIDGYDQFHGQXFOHDUUHDFWRUV7KHWHUP
µµDGYDQFHGQXFOHDUUHDFWRU¶¶IRUSXUSRVHVRIWKLVUXOHPDNLQJPHDQV³DQXFOHDUILVVLRQRUIXVLRQ
UHDFWRUZLWKVLJQLILFDQWLPSURYHPHQWVFRPSDUHGWRFRPPHUFLDOQXFOHDUUHDFWRUVRSHUDWLQJRQ
WKHGDWHRIHQDFWPHQWRIWKH(QHUJ\$FWRI'RUXQGHUFRQVWUXFWLRQDVRI-DQXDU\
7KLVUXOHPDNLQJZRXOGUHYLVHWKH15& VUHJXODWLRQVE\DGGLQJDULVNLQIRUPHGWHFKQRORJ\
LQFOXVLYHUHJXODWRU\IUDPHZRUNIRUDGYDQFHGQXFOHDUUHDFWRUVLQUHVSRQVHWRDJURZLQJLQWHUHVW
LQSRVVLEOHOLFHQVLQJDQGGHSOR\PHQWRIDGYDQFHGQXFOHDUUHDFWRUVDQGWKHUHODWHGUHTXLUHPHQWV
RIWKH1XFOHDU(QHUJ\,QQRYDWLRQDQG0RGHUQL]DWLRQ$FW 1(,0$3XEOLF/DZ DV
DPHQGHGE\WKH(QHUJ\$FWRI.H\GRFXPHQWVUHODWHGWRWKH3DUWUXOHPDNLQJ
LQFOXGLQJSUHOLPLQDU\SURSRVHGUXOHODQJXDJHDQGVWDNHKROGHUFRPPHQWVFDQEHIRXQGDW
5HJXODWLRQVJRYXQGHU'RFNHW,'15&
5$7,21$/(
Note - this section will be updated with additional stakeholder interactions - expected during the periodic ARCAP meetings.
$33/,&$%,/,7<
7KLV,6*LVDSSOLFDEOHWRDSSOLFDQWVIRUQRQ/:5VVWDWLRQDU\PLFURUHDFWRUVDQGVPDOOPRGXODU
/:5VVXEPLWWLQJULVNLQIRUPHGDSSOLFDWLRQVIRUD&3RU2/XQGHU&)53DUWRUIRUD&2/
'&RU0/XQGHU&)53DUW2QFHWKHFRQWHQWRI3DUWLVGHYHORSHGDQGWKLV,6*LV
XSGDWHGZKHUHQHFHVVDU\WKLVJXLGDQFHZLOODOVRDSSO\WRDSSOLFDQWVIRUDSRZHUUHDFWRU&3
2/'&DQG0/XQGHU&)53DUW
- 8,'$1&(
&KDSWHU³6LWH,QIRUPDWLRQ'RIWKHVDIHW\DQDO\VLVUHSRUW 6$5 VKRXOGSURYLGHLQIRUPDWLRQRQ
WKHJHRORJLFDODQGGHPRJUDSK\VHLVPRORJLFDOK\GURORJLFDODQGPHWHRURORJLFDOFKDUDFWHULVWLFV
RIWKHVLWHDQGWKHVXUURXQGLQJYLFLQLW\3UHVHQWDQGSURMHFWHGSRSXODWLRQGLVWULEXWLRQODQGXVH
DQGVLWHDFWLYLWLHVDQGFRQWUROVVKRXOGDOVREHGLVFXVVHG7KHSXUSRVHRIWKLVLQIRUPDWLRQLVWR
GHPRQVWUDWHFRPSOLDQFHZLWK&)56XESDUW%³(YDOXDWLRQ)DFWRUVIRU6WDWLRQDU\3RZHU
5HDFWRU6LWH$SSOLFDWLRQVRQRU$IWHU-DQXDU\'DQGWKHUHOHYDQWSDUWVRI&)5
DQGWKDWGLVFXVVVLWHUHODWHGLVVXHVDQGWRGHVFULEHWKHVLWHFKDUDFWHULVWLFVXVHGLQWKH
GHVLJQDQGVDIHW\DQDO\VLVZKHUH L DGHVLJQEDVLVH[WHUQDOKD]DUGOHYHOPXVWEHVSHFLILHGIRU
HDFKV\VWHPVWUXFWXUHDQGFRPSRQHQW 66&V GHVLJQHGWRZLWKVWDQGWKLVKD]DUGZLWKQR
DGYHUVHLPSDFWRQWKHLUFDSDELOLW\WRSHUIRUPWKHLUUHTXLUHGVDIHW\IXQFWLRQ 56) RU LL DQ66&
LVUHOLHGXSRQWRHVWDEOLVKWKHDGHTXDF\RIGHIHQVHLQGHSWKDQGPXVWEHGHVLJQHGZLWKVSHFLDO
WUHDWPHQWWRZLWKVWDQGDJLYHQKD]DUG6LWHFKDUDFWHUL]DWLRQGDWD HJPHWHRURORJLFDOUHJLRQDO
VHLVPLFK\GURORJLF QHHGRQO\EHSURYLGHGWRWKHH[WHQWWKDWLWLVQHHGHGWRSURYLGHWKHEDVHV
IRUWKHH[WHUQDOKD]DUGVFRQVLGHUHGLQWKHGHVLJQDQGVDIHW\DQDO\VLVDQGWKHEDVHVIRU
H[FOXGLQJRWKHUH[WHUQDOKD]DUGV
7KHJXLGDQFHLQWKLVFKDSWHUDSSOLHVWRQRQ/:5VVWDWLRQDU\PLFURUHDFWRUVDQGVPDOOPRGXODU
/:5VVXEPLWWLQJDSSOLFDWLRQVIRUD&3RU2/XQGHU&)5IRUD&2/XQGHU&)5RU
IRUDQ(DUO\6LWH3HUPLW (63 XQGHU&)57KHJXLGDQFHVSHFLILHVWKHIDFWRUVWREH
FRQVLGHUHGZKHQHYDOXDWLQJVLWHVLQFOXGLQJVHLVPLFDQGQRQVHLVPLFSDUDPHWHUV7KH
LQIRUPDWLRQSURYLGHGLQWKH6$5QHHGVWRGHVFULEHWKHEDVLVIRUWKHVLWHSDUDPHWHUVVHOHFWHGIRU
WKHGHVLJQDQGVDIHW\DQDO\VLV+RZHYHUGDWDGRFXPHQWLQJKLVWRULFDOUHFRUGVGHWDLOHG
JHRORJLFDOH[SORUDWLRQGDWDIRUXVHLQHQYLURQPHQWDODVVHVVPHQWVRURWKHUGDWDQRWGLUHFWO\
UHODWHGWRWKHHVWDEOLVKPHQWRISDUDPHWHUVXVHGLQWKHGHVLJQRUVDIHW\DQDO\VLVQHHGQRWEH
LQFOXGHGLQWKH6$5,IQRWLQFOXGHGLQWKH6$5WKHLQIRUPDWLRQVKRXOGEHGRFXPHQWHGLQD
VHSDUDWHUHSRUWDYDLODEOHIRUDXGLWE\WKH15&VWDIIDQGVSHFLILFDOO\UHIHUHQFHGLQWKH6$5
)RUGHVLJQFHUWLILFDWLRQ '& DSSOLFDWLRQV &)5 D 6WDQGDUG'HVLJQ$SSURYDO
6'$ DSSOLFDWLRQV &)5 D DQG&2/DSSOLFDWLRQVUHIHUHQFLQJDQ(63 &)5
E DQG WKH&KDSWHU6$5FRQWHQWVKRXOGGHVFULEHWKHVLWHUHODWHGSDUDPHWHUV
SRVWXODWHGIRUWKHGHVLJQ6SHFLILFDOO\WKLVVHFWLRQVKRXOGDGGUHVVWKHFRPSOHWHVHWRI
SRVWXODWHGVLWHSDUDPHWHUVWKDWKDYHEHHQFRQVLGHUHGLQWKHGHVLJQLHWRSOHYHOERXQGLQJVLWH
SDUDPHWHUVWKDWKDYHEHHQXVHGWRGHILQHDVLWHDVVXLWDEOHIRUWKHIDFLOLW\%HFDXVHWKH
SRVWXODWHGVLWHSDUDPHWHUVDUHXVHGLQHYDOXDWLRQVRIWKHVDIHW\RIWKHGHVLJQWKHDFWXDOVLWH
ZKHUHWKHGHVLJQLVWREHORFDWHGPXVWIDOOZLWKLQWKHSRVWXODWHGVLWHSDUDPHWHUVDVVXPHGLQWKH
GHVLJQDQGVDIHW\DQDO\VLV1(,³,QGXVWU\*XLGHOLQHIRU'HYHORSLQJD3ODQW(QYHORSHLQ
6XSSRUWRIDQ(DUO\6LWH3HUPLW'GDWHG0DUFK $'$06$FFHVVLRQ1R0/
FRQWDLQVDFRPSUHKHQVLYHGHVFULSWLRQRIWKHVLWHSDUDPHWHUVWKDWQHHGWREHGHILQHGWRHVWDEOLVK
WKHVLWHHQYHORSH
)RU&3 &)5DQG 2/ &)5DQG (63 &)5 &2/
&)5 D L WKURXJK YL &2/UHIHUHQFLQJD'&RUDQ6'$ &)5 DSSOLFDWLRQV
WKLVVHFWLRQRIWKH6$5VKRXOGGHPRQVWUDWHWKDWWKHUHTXLUHPHQWVRI&)56XESDUW%
DQGWKHVLWHUHODWHGSDUWVRI&)5RUDUHPHWDQGVKRXOGGHVFULEHWKHVLWHSDUDPHWHUV
XVHGLQWKHGHVLJQDQGVDIHW\DQDO\VLVDQGWKHLUEDVHV
7KHGHVFULSWLRQVLQWKLVFKDSWHUDUHEDVHGRQWKHLQIRUPDWLRQWKDWLVH[SHFWHGWREHSURYLGHGLQ
DILQDOVDIHW\DQDO\VLVUHSRUW )6$5 $VGHVFULEHGLQ&)5 D DSUHOLPLQDU\VDIHW\
DQDO\VLVUHSRUW 36$5 VKRXOGFRQWDLQLQIRUPDWLRQVXIILFLHQWWRVKRZWKDWWKHVLWHHYDOXDWLRQ
IDFWRUVRI&)5DUHPHW7KLVHVVHQWLDOO\PHDQVWKDWWKH36$5VLWHLQIRUPDWLRQQHHGVWR
UHIOHFWILQDOVLWHFKDUDFWHUL]DWLRQGDWD+RZHYHULQVRPHFDVHVDGGLWLRQDOFRQILUPDWRU\VLWH
FKDUDFWHUL]DWLRQZRUNPD\WDNHSODFHGXULQJWKHFRQVWUXFWLRQSHULRGLQZKLFKFDVHWKH&3
DSSOLFDWLRQQHHGVWRGHVFULEHDQ\FRPPLWPHQWVWRIXUWKHUFKDUDFWHUL]HWKHVLWH
)RUWKHDVVHVVPHQWRIH[WHUQDOKD]DUGVLQDFFRUGDQFHZLWKUHJXODWRU\JXLGH 5*
³*XLGDQFHIRUD7HFKQRORJ\,QFOXVLYH5LVN,QIRUPHGDQG3HUIRUPDQFH%DVHG0HWKRGRORJ\WR
,QIRUPWKH/LFHQVLQJ%DVLVDQG&RQWHQWRI$SSOLFDWLRQVIRU/LFHQVHV&HUWLILFDWLRQVDQG
$SSURYDOVIRU1RQ/LJKW:DWHU5HDFWRUV' $'$06$FFHVVLRQ1R0// DVHWRI
'HVLJQ%DVLV([WHUQDO+D]DUG/HYHOV '%(+/V ZLOOEHVHOHFWHGWRIRUPDQLPSRUWDQWSDUWRIWKH
GHVLJQDQGOLFHQVLQJEDVLV7KLVZLOOGHWHUPLQHWKHGHVLJQEDVLVVHLVPLFHYHQWVDQGRWKHU
H[WHUQDOHYHQWVWKDWWKHVDIHW\UHODWHG 65 66&VZLOOEHUHTXLUHGWRZLWKVWDQG:KHQ
VXSSRUWHGE\DYDLODEOHPHWKRGVGDWDGHVLJQVLWHLQIRUPDWLRQDQGVXSSRUWLQJJXLGHVDQG
VWDQGDUGVWKHVH'%(+/VZLOOEHLQIRUPHGE\DSUREDELOLVWLFH[WHUQDOKD]DUGVDQDO\VLVDQGZLOO
EHLQFOXGHGLQWKHSUREDELOLVWLFULVNDVVHVVPHQW 35$ DIWHUWKHGHVLJQIHDWXUHVWKDWDUH
LQFRUSRUDWHGWRZLWKVWDQGWKHVHKD]DUGVDUHGHILQHG2WKHUH[WHUQDOKD]DUGVQRWVXSSRUWHGE\
DSUREDELOLVWLFKD]DUGDQDO\VLVZLOOEHFRYHUHGE\'%(+/VWKDWDUHGHWHUPLQHGXVLQJWUDGLWLRQDO
GHWHUPLQLVWLFPHWKRGV
,QPDQ\FDVHVLWLVH[SHFWHGWKDWWKHLQLWLDOVHOHFWLRQRI6566&VDQGVHOHFWLRQRIWKHGHVLJQ
EDVLVDFFLGHQWV '%$V ZLOOEHEDVHGRQD35$WKDWLQFOXGHVLQWHUQDOHYHQWVEXWKDVQRW\HW
EHHQH[SDQGHGWRDGGUHVVH[WHUQDOKD]DUGV:LWKWKHXQGHUVWDQGLQJWKDW6566&VDUH
UHTXLUHGWREHFDSDEOHRISHUIRUPLQJWKHLUUHTXLUHGVDIHW\IXQFWLRQVLQUHVSRQVHWRH[WHUQDO
HYHQWVZLWKLQWKH'%(+/WKHUHZLOOEHQRQHZGHVLJQEDVLVDFFLGHQWVLQWURGXFHGE\H[WHUQDO
KD]DUGV
6RPHGHVLJQEDVLVH[WHUQDOHYHQWVVXFKDVH[WHUQDOIORRGVRUVHLVPLFHYHQWVPD\LPSDFW
PXOWLSOHUHDFWRUPRGXOHVFRQFXUUHQWO\WKHUHIRUHDGHVLJQREMHFWLYHZRXOGEHWRSUHYHQWD
VXEVWDQWLDOUHOHDVHIRUVXFKHYHQWV,IDQ66&LVUHOLHGXSRQWRHVWDEOLVKWKHDGHTXDF\RI
GHIHQVHLQGHSWKDQDO\VLVPD\UHTXLUHWKDWWKH66&EHGHVLJQHGZLWKVSHFLDOWUHDWPHQWWR
ZLWKVWDQGDJLYHQKD]DUG
$FFHSWDQFHFULWHULDDUHEDVHGRQPHHWLQJWKHUHOHYDQWUHTXLUHPHQWVRIWKHIROORZLQJ
&RPPLVVLRQUHJXODWLRQV
- &)56XESDUW%
- &)5 D
- &)5 D
- &)5 E DQG
- &)5DQG
- &)5DQG
- &)5
- &)5 D L WKURXJK YL
- &)5DQG
- &)5 D
&RQWHQWVRISite Information
7KHIROORZLQJVXEVHFWLRQVGHVFULEHWKHLQIRUPDWLRQH[SHFWHGWREHLQFOXGHGLQWKH6$5IRUWKRVH
DSSOLFDWLRQVWKDWLQFOXGHDUHTXHVWIRUVLWHDSSURYDO LH&32/&2/(63DQG&2/
UHIHUHQFLQJD'&RUDQ6'$
6LWH&KDUDFWHULVWLFVDQG6LWH3DUDPHWHUV 2YHUYLHZ
$VUHTXLUHGE\&)5 F WKLVVXEVHFWLRQVKRXOGSURYLGHDQRYHUYLHZRIWKHVLWH
ORFDWLRQWKHVXUURXQGLQJDUHDORFDODQGUHJLRQDOJHRORJLFDOVHLVPRORJLFDOK\GURORJLFDO
DQGPHWHRURORJLFDOFKDUDFWHULVWLFV&XUUHQWDQGSURMHFWHGDUHDSRSXODWLRQGLVWULEXWLRQV
VXUURXQGLQJWKHVLWHVKRXOGEHLGHQWLILHGDVZHOODVODQGXVHDQGDFFHVVFRQWUROWR
VXUURXQGLQJDUHDV7KHVHFWLRQVEHORZSURYLGHDGGLWLRQDOGHVFULSWLRQVRIWKHLQIRUPDWLRQ
UHTXHVWHGDQGWKHDFFHSWDQFHFULWHULDDSSOLFDEOHLQHDFKRIWKHVHDUHDV,QSURYLGLQJWKH
LQIRUPDWLRQUHTXHVWHGLQWKHVHFWLRQVEHORZWKHUHJXODWRU\JXLGDQFHXVHGE\WKH
DSSOLFDQWVKRXOGEHLGHQWLILHGDQGMXVWLILHGDVDSSURSULDWHIRUXVH'HYLDWLRQVIURPWKH
UHJXODWRU\JXLGDQFHXVHGVKRXOGEHH[SODLQHGDQGMXVWLILHG0HWKRGVXVHGDVDQ
DOWHUQDWLYHWRUHJXODWRU\JXLGDQFHVKRXOGEHGHVFULEHGDQGMXVWLILHG3UHYLRXVVWXGLHV
XVHGWRMXVWLI\FRQFOXVLRQVDERXWWKHVLWHVKRXOGEHUHIHUHQFHGDQGPDGHDYDLODEOHIRU
15&VWDIIDXGLW
,QDFFRUGDQFHZLWK&)5 D I DQG J WKHDSSOLFDWLRQVKRXOGFRQILUPWKH
VLWHGRHVQRWSRVHDQ\VLJQLILFDQWLPSHGLPHQWVWRWKHGHYHORSPHQWRIHPHUJHQF\SODQV
WKDWDGHTXDWHVHFXULW\PHDVXUHVFDQEHGHYHORSHGDQGWKDWWKHUDGLRORJLFDOULVNWRWKH
SXEOLFIURPSRWHQWLDODFFLGHQWVLVORZ
$FFHSWDQFH&ULWHULD
D 7KHDSSOLFDWLRQSURYLGHVDQGVXEVWDQWLDWHVVXIILFLHQWLQIRUPDWLRQWRHVWDEOLVKDFWXDO
FKDUDFWHULVWLFVRIWKHSURSRVHGVLWH IRU&32/(63DQG&2/DSSOLFDWLRQV RUKDV
SRVWXODWHGVLWHSDUDPHWHUVXVHGLQ'&RU6'$DSSOLFDWLRQVWKDWZLOOOLNHO\ERXQG
DFWXDOVLWHSDUDPHWHUVIRUVLWHVWKDWPD\EHSURSRVHGIRUORFDWLQJD'&RU6'$
GHVLJQ
E 7KHLQIRUPDWLRQSURYLGHGLVVXIILFLHQWIRUWKHUHYLHZHUWRGHWHUPLQHWKDWLQWKH
GHYHORSPHQWRIHPHUJHQF\SODQVWKHUHDUHQRFRQVWULFWLRQVWRHJUHVVSDWKZD\VDQG
WKDWWKHUHDUHPXOWLGLUHFWLRQHJUHVVSDWKZD\VWKDWZRXOGVXSSRUWUHORFDWLQJ
PHPEHUVRIWKHSXEOLFWRDVDIHORFDWLRQIROORZLQJRULQDQWLFLSDWLRQRIDUHOHDVHRI
UDGLRDFWLYHPDWHULDODQGOLNHZLVHZRXOGVXSSRUWHPHUJHQF\UHVSRQGHUVLQJUHVVWR
WKHVLWH
F 7KHDSSOLFDWLRQFRQWDLQVVXIILFLHQWLQIRUPDWLRQWRFRQFOXGHWKDWWKHVLWHGRHVQRW
FRQWDLQDQ\JHRJUDSKLFDOIHDWXUHVWKDWZRXOGJLYHDQDWWDFNHUDWDFWLFDODGYDQWDJHRU
DIIHFWWKHHVWDEOLVKPHQWRIHIIHFWLYHVHFXULW\PHDVXUHV
G 5HJDUGLQJWKHGHPRQVWUDWLRQRIORZUDGLRORJLFDOULVNWRWKHSXEOLFWKHDSSOLFDWLRQ
VKRZVWKDWWKHUHTXLUHPHQWVRI&)5 D DUHPHWZKHQXVLQJVLWHVSHFLILF
SDUDPHWHUV
H 5HJXODWRU\JXLGDQFHXVHGLVLGHQWLILHGDORQJZLWKMXVWLILFDWLRQIRULWVXVH$OWHUQDWLYHV
WRUHJXODWRU\JXLGDQFHRUSUHYLRXVVWXGLHVXVHGDUHOLNHZLVHLGHQWLILHGDQGMXVWLILHG
*HRJUDSK\DQG'HPRJUDSK\
6LWH/RFDWLRQDQG'HVFULSWLRQ
7KLVVXEVHFWLRQVKRXOGLQFOXGHDVXLWDEO\VFDOHGPDSGHSLFWLQJWKHVLWHDUHDZLWK
H[SODQDWRU\WH[WDVQHFHVVDU\7KHDSSOLFDWLRQVKRXOGVSHFLI\WKHORFDWLRQRI
HDFKUHDFWRUDWWKHVLWHE\ODWLWXGHDQGORQJLWXGHWRWKHQHDUHVWVHFRQGDQGE\
8QLYHUVDO7UDQVYHUVH0HUFDWRU&RRUGLQDWHV ]RQHQXPEHUQRUWKLQJDQGHDVWLQJ
DVIRXQGRQWRSRJUDSKLFDOPDSVSUHSDUHGE\WKH86*HRORJLFDO6XUYH\
86*6 WRWKHQHDUHVWPHWHUV IHHW 7KHDSSOLFDQWVKRXOGFRQVXOWWKH
86*6PDSLQGH[IRUVSHFLILFQDPHVRIWKHPLQXWHTXDGUDQJOHVWKDWEUDFNHW
WKHVLWHDUHD7KLVVHFWLRQVKRXOGDOVRLGHQWLI\WKH)HGHUDO6WDWHDQGFRXQW\ RU
RWKHUSROLWLFDOVXEGLYLVLRQV LQZKLFKWKHVLWHLVORFDWHGDVZHOODVWKHORFDWLRQRI
WKHVLWHZLWKUHVSHFWWRSURPLQHQWQDWXUDOIHDWXUHV VXFKDVULYHUVDQGODNHV DQG
PDQPDGHIHDWXUHV VXFKDVLQGXVWULDOPLOLWDU\DQGWUDQVSRUWDWLRQIDFLOLWLHV
$FFHSWDQFH&ULWHULD
D 7KHVLWHPDSVKRXOGGHVFULEHKLJKZD\VUDLOURDGVDQGZDWHUZD\VWKDW
WUDYHUVHWKHH[FOXVLRQDUHDDQGSURYLGHDFRPSOHWHWRSRJUDSKLFDOGHVFULSWLRQ
RIWKHVLWHDQGVXUURXQGLQJDUHDRXWWRPLOHV NLORPHWHUV
E 7KHVLWHPDSVKRXOGFRQWDLQVXIILFLHQWLQIRUPDWLRQWRDOORZWKHUHYLHZHUWR
LGHQWLI\WKHW\SHVDQGORFDWLRQVRIQDWXUDODQGPDQPDGHIHDWXUHVDQG
SRWHQWLDOKD]DUGVRQRUQHDUWKHVLWHDQGWKHORFDO6WDWHRU)HGHUDO
MXULVGLFWLRQVDVVRFLDWHGZLWKWKHVLWHDQGLWVVXUURXQGLQJDUHD
([FOXVLRQ$UHD$XWKRULW\DQG&RQWURO
7KLVVXEVHFWLRQVKRXOGLQFOXGHGHVFULSWLRQVRIWKHH[FOXVLRQDUHDDQGWKH
DSSOLFDQW¶VOHJDOULJKWVZLWKUHVSHFWWRDOODUHDVWKDWOLHZLWKLQWKHGHVLJQDWHG
H[FOXVLRQDUHD$VVSHFLILHGE\&)5 D WKLVGHVFULSWLRQVKRXOG
HVWDEOLVKWKDWWKHDSSOLFDQWKDVWKHDXWKRULW\WRGHWHUPLQHDOODFWLYLWLHVLQFOXGLQJ
FRQWURORIWUDIILFDQGH[FOXVLRQDQGUHPRYDORISHUVRQQHODQGSURSHUW\IURPWKH
DUHD7KHGLVFXVVLRQVKRXOGDOVRDGGUHVVWKHVWDWXVRIPLQHUDOULJKWVDQG
HDVHPHQWVZLWKLQWKLVDUHD
,IWKHDSSOLFDQWKDVQRWREWDLQHGRZQHUVKLSRIDOOODQGZLWKLQWKHH[FOXVLRQDUHDLW
VKRXOGXVHDVFDOHGPDSRIWKHH[FOXVLRQDUHDWRFOHDUO\GHVFULEHWKRVHSDUFHOV
RIODQGQRWRZQHGZLWKLQWKHDUHD7KHDSSOLFDQWVKRXOGDOVRFOHDUO\GHVFULEHWKH
VWDWXVRIWKHSURFHHGLQJVDQGWKHVFKHGXOHWRREWDLQRZQHUVKLSRUWKHUHTXLUHG
DXWKRULW\RYHUWKHODQGIRUWKHOLIHRIWKHIDFLOLW\7KLVVHFWLRQVKRXOGJLYHWKH
PLQLPXPGLVWDQFHWRDQGGLUHFWLRQRIWKHH[FOXVLRQDUHDERXQGDU\ ($% IRUERWK
SUHVHQWDQGSURSRVHGRZQHUVKLS,IWKHH[FOXVLRQDUHDH[WHQGVLQWRDERG\RI
ZDWHUWKHDSSOLFDWLRQVKRXOGVSHFLILFDOO\DGGUHVVWKHEDVHVXSRQZKLFKLWKDV
EHHQGHWHUPLQHGWKDWWKHDSSOLFDQWKROGV RUZLOOKROG WKHDXWKRULW\RYHUWKLV
SRUWLRQRIWKHH[FOXVLRQDUHD
$FWLYLWLHVWKDWZLOOEHSHUPLWWHGZLWKLQWKHH[FOXVLRQ]RQHRUWKDWDUHXQUHODWHGWR
IDFLOLW\RSHUDWLRQ DVLGHIURPWUDQVLWWKURXJKWKHDUHD VKRXOGEHGHVFULEHGDQG
VKRXOGQRWSRVHDVLJQLILFDQWKD]DUGWRWKHSXEOLFKHDOWKDQGVDIHW\/LPLWDWLRQV
DQGFRQGLWLRQVLPSRVHGWRFRQWURODFWLYLWLHVXQUHODWHGWRIDFLOLW\RSHUDWLRQV
LQFOXGLQJDFFLGHQWVDVVRFLDWHGZLWKVXFKDFWLYLWLHVDUUDQJHPHQWVIRUWUDIILF
FRQWURODQGDEDQGRQPHQWRUUHORFDWLRQRIURDGVVKRXOGEHGLVFXVVHG
$FFHSWDQFH&ULWHULD
D 7KHLQIRUPDWLRQSURYLGHGE\WKHDSSOLFDQWSURYLGHVVXIILFLHQWGHWDLOWRHQDEOH
WKHUHYLHZHUWRHYDOXDWHWKHDSSOLFDQW¶VOHJDODXWKRULW\ZLWKLQWKHGHVLJQDWHG
H[FOXVLRQDUHD
E 7KHLQIRUPDWLRQSURYLGHGE\WKHDSSOLFDQWFRQILUPVWKDWDQ\DFWLYLWLHV
SHUPLWWHGZLWKLQWKHH[FOXVLRQDUHDSRVHQRKD]DUGWRWKHIDFLOLW\DQGWKHUHLV
UHDVRQDEOHDVVXUDQFHWKDWSHUVRQVHQJDJHGLQVXFKDFWLYLWLHVFDQEH
HYDFXDWHGZLWKRXWUHFHLYLQJDGGLWLRQDOUDGLDWLRQGRVHVLQH[FHVVRIWKHYDOXHV
JLYHQLQ&)5 D
F 7KHDSSOLFDWLRQFRQILUPVWKDWWKHDSSOLFDQWKDVWKHDXWKRULW\WRGHWHUPLQHDOO
DFWLYLWLHVZLWKLQWKHH[FOXVLRQDUHDLQFOXGLQJH[FOXVLRQWUDIILFFRQWURORU
UHPRYDORISHUVRQQHORUSURSHUW\IURPWKHDUHD
3RSXODWLRQ'LVWULEXWLRQ
,QDFFRUGDQFHZLWK&)5DQG D E DQG K SRSXODWLRQGDWDEDVHG
RQWKHODWHVWFHQVXVGDWDVKRXOGEHSURYLGHGEDVHGRQWKHSURMHFWHG\HDURI
IDFLOLW\DSSURYDODQGHDFKGHFDGHWKHUHDIWHURXWWRWKHUHTXHVWHGRSHUDWLQJ
SHULRGRIWKHIDFLOLW\QRWWRH[FHHG\HDUVXVLQJDJHRJUDSKLFDOIRUPDWDVJLYHQ
LQ5*³6WDQGDUG)RUPDWDQG&RQWHQWRI6DIHW\$QDO\VLV5HSRUWVIRU
1XFOHDU3RZHU3ODQWV'6SHFLILFORFDWLRQ V RISRWHQWLDOO\DIIHFWHGSRSXODWLRQV
VXUURXQGLQJWKHVLWHVKRXOGEHLGHQWLILHGDQGGHVFULEHG'LVFXVVLRQVKRXOG
LQFOXGHSURSRVHGH[FOXVLRQDUHDERXQGDULHVORFDODQGVXUURXQGLQJDUHDDFFHVV
FRQWURODFWLYLWLHVWUDIILFDQGWUDQVLHQWDQGSHUPDQHQWSRSXODWLRQGHQVLWLHVWKDW
PD\EHLQIOXHQFHGE\WKHIDFLOLW\RUVXUURXQGLQJUHFUHDWLRQDOODQGXVH
'LVFXVVLRQVVKRXOGEHDWDOHYHODQGH[WHQWFRPPHQVXUDWHZLWKWKHSRWHQWLDO
YXOQHUDELOLWLHVDQGULVNVDVVRFLDWHGZLWKQRUPDODQGRIIQRUPDOIDFLOLW\RSHUDWLRQV
7KLVVHFWLRQVKRXOGGHVFULEHLQIRUPDWLRQUHJDUGLQJ
- 3RSXODWLRQZLWKLQWKHRXWHUHGJHRIWKHSOXPHH[SRVXUHSDWKZD\HPHUJHQF\
SODQQLQJ]RQH
- 3RSXODWLRQLQIRUPDWLRQQHFHVVDU\WRSURYLGHLQJHVWLRQUHVSRQVHSODQQLQJ
- 7UDQVLHQWSRSXODWLRQ
- 'HVFULSWLRQRIWKHORZSRSXODWLRQ]RQH /3= +/-UHIHUWR5HJXODWRU\*XLGH
³*HQHUDO6LWH6XLWDELOLW\&ULWHULDIRU1XFOHDU3RZHU6WDWLRQV'
- 7KHQHDUHVWERXQGDU\RIWKHFORVHVWSRSXODWLRQFHQWHUFRQWDLQLQJRU
PRUHUHVLGHQWV
- 3RSXODWLRQGHQVLW\RXWWRPLOHV NP IURPWKHSURSRVHGIDFLOLW\VLWH
$FFHSWDQFH&ULWHULD
D 7KHDSSOLFDWLRQFRQILUPVWKDWWKHSRSXODWLRQGDWDSURYLGHGLVEDVHGRQWKH
ODWHVWFHQVXVDQGWKDWWKHPHWKRGVDQGVRXUFHVXVHGWRPDNHIXWXUH
SRSXODWLRQSURMHFWLRQVDUHGHVFULEHGUHDVRQDEOHDQGXVHGWRSURMHFW
SRSXODWLRQGLVWULEXWLRQDWWKH\HDURIIDFLOLW\DSSURYDODQGRXWWRWKHUHTXHVWHG
RSHUDWLQJSHULRGRIWKHIDFLOLW\QRWWRH[FHHG\HDUV
E 7KHDSSOLFDWLRQGHVFULEHVWKHWLPLQJPDJQLWXGHDQGUDWLRQDOHIRUDQ\
WUDQVLHQWSRSXODWLRQVLQWKHYLFLQLW\RIWKHVLWH
F 7KHDSSOLFDWLRQSURYLGHVLQIRUPDWLRQWKDWGHILQHVWKH/3=DQGGHPRQVWUDWHV
SURWHFWLYHPHDVXUHVFDQEHWDNHQIRUWKHSRSXODWLRQZLWKLQWKH/3=
G 7KHDSSOLFDWLRQVKRZVWKDWWKHQHDUHVWSRSXODWLRQFHQWHURISHRSOHRU
PRUHLVDWOHDVWWLPHVWKHGLVWDQFHWRWKHRXWHUHGJHRIWKH/3=VRWKDW
WKHIDFLOLW\LVORFDWHGDZD\IURPGHQVHO\SRSXODWHGFHQWHUV
H 3RSXODWLRQGHQVLW\FRQIRUPVWRWKHJXLGHOLQHVLQ5*
I :KHQ&RPPLVVLRQGLUHFWLRQLVUHFHLYHGRQ6(&<³3RSXODWLRQ
5HODWHG6LWLQJ&RQVLGHUDWLRQVIRU$GYDQFHG5HDFWRUV'WKDWGLUHFWLRQZLOO
QHHGWREHIDFWRUHGLQWRWKHDFFHSWDQFHFULWHULD
1HDUE\,QGXVWULDO7UDQVSRUWDWLRQDQG0LOLWDU\)DFLOLWLHV
,QDFFRUGDQFHZLWK&)5 E DQG H SRWHQWLDOKD]DUGVDVVRFLDWHGZLWK
QHDUE\WUDQVSRUWDWLRQURXWHVLQGXVWULDODQGPLOLWDU\IDFLOLWLHVDQGFLYLOLDQDQGPLOLWDU\
DLUSRUWVPXVWEHHYDOXDWHG7KHUHYLHZIRFXVHVRQSRWHQWLDOH[WHUQDOKD]DUGVRU
KD]DUGRXVPDWHULDOVWKDWDUHSUHVHQWWUDQVSRUWHGRUPD\UHDVRQDEO\EHH[SHFWHGWREH
SUHVHQWRUWUDQVSRUWHGGXULQJWKHSURMHFWHGOLIHWLPHRIWKHSURSRVHGIDFLOLW\7KH
HYDOXDWLRQVKRXOGFRYHUWKHQDWXUHDQGH[WHQWRIWKHQHDUE\DFWLYLWLHVLQFOXGLQJORFDWLRQ
GLVWDQFHIURPWKHVLWHIUHTXHQF\RIWKHDFWLYLWLHVDQGWKHSRWHQWLDOKD]DUGWKH\SRVHWR
WKHSURSRVHGIDFLOLW\
7KHDSSOLFDWLRQVKRXOGHYDOXDWHWKHLQGXVWULDODQGPLOLWDU\DFWLYLWLHVZLWKLQPLOHV NP
IURPWKHIDFLOLW\VLWHIRUKD]DUGRXVDFWLYLWLHVZLWKVSHFLDODWWHQWLRQWRDFWLYLWLHVZLWKLQ
PLOHV NP IURPWKHVLWHWKDWFDQSRWHQWLDOO\GDPDJHWKHIDFLOLW\)DFLOLWLHVDQGDFWLYLWLHV
DWGLVWDQFHVJUHDWHUWKDQPLOHV NP VKRXOGDOVREHFRQVLGHUHGLIWKH\KDYHWKH
SRWHQWLDOIRUDIIHFWLQJIDFLOLW\VDIHW\UHODWHGIHDWXUHV7KHHYDOXDWLRQVKRXOGEHEDVHGRQ
VWDWLVWLFDOGDWDIRUHDFKLGHQWLILHGKD]DUG(DFKKD]DUGWKDWKDVWKHSRWHQWLDOWRUHVXOWLQ
DQHYHQWVHTXHQFHZLWKDQHVWLPDWHGIUHTXHQF\RIRFFXUUHQFHJUHDWHUWKDQLQ
PLOOLRQSHU\HDUVKRXOGEHHYDOXDWHGIRULWVSRWHQWLDOWRDIIHFWWKHIDFLOLW\VXFKWKDWWKH
&)5GRVHJXLGHOLQHV LH&)5 D FRXOGEHH[FHHGHG,IWKHIUHTXHQF\RI
WKHKD]DUGFDQQRWEHGHWHUPLQHGLWLVDFFHSWDEOHWRXVHDQLQLWLDWLQJHYHQWIUHTXHQF\RI
RQHLQRQHPLOOLRQSHU\HDUSURYLGHGWKHUHLVTXDOLWDWLYHMXVWLILFDWLRQWKDWWKHUHDOLVWLF
IUHTXHQF\LVORZHU,IWKHHYHQWVHTXHQFHKDVWKHSRWHQWLDOWRH[FHHGWKH&)5
GRVHJXLGHOLQHVWKHKD]DUGVKDOOEHFRQVLGHUHGDOLFHQVLQJEDVLVHYHQWDQGWKHGHVLJQ
SDUDPHWHUVIRUWKHDIIHFWHG66&VLGHQWLILHG
7KHDVVHVVPHQWRIHDFKKD]DUGIRULWVSRWHQWLDOWREHFRPHDOLFHQVLQJEDVLVHYHQWIRU
WKHSURSRVHGIDFLOLW\DUHGHVFULEHGLQ1(,DQG5*7KHDSSOLFDQWVKRXOG
DOVRGHWHUPLQHZKHWKHUEXONVWRUDJHRIKD]DUGRXVPDWHULDOVLVSUHVHQWDWRUQHDUWKHVLWH
DQGDVVHVVWKHLPSDFWRIH[SORVLRQV VHH5*³(YDOXDWLRQRI([SORVLRQV3RVWXODWHG
WR2FFXUDW1HDUE\)DFLOLWLHVDQGRQ7UDQVSRUWDWLRQ5RXWHV1HDU133V' DQGRU
KD]DUGRXVFKHPLFDOUHOHDVHVRQIDFLOLW\VDIHW\7KHHYDOXDWLRQQHHGVWRVKRZWKDWWKHUH
LVQRXQGXHULVNWRWKHDSSOLFDQW¶VIDFLOLW\IURPWKHVHKD]DUGVEHFDXVHWKH\DUHUDUH
HYHQWVWKH\KDYHQHJOLJLEOHFRQVHTXHQFHVRUDUHFRQVLGHUHGLQWKHIDFLOLW\VDIHW\
GHVLJQ
$GGLWLRQDOH[SODQDWLRQUHJDUGLQJWKHVFRSHRIWKHKD]DUGVWREHFRQVLGHUHGFDQEHIRXQG
LQ5HJXODWRU\*XLGH³*HQHUDO6LWH6XLWDELOLW\&ULWHULDIRU1XFOHDU3RZHU6WDWLRQV'
$FFHSWDQFH&ULWHULD
D 7KHLQIRUPDWLRQLQWKHDSSOLFDWLRQSURYLGHVDFRPSOHWHDQGFXUUHQWRYHUYLHZRIWKH
IDFLOLWLHVDFWLYLWLHVDQGPDWHULDOVORFDWHGDQGRUWUDQVSRUWHGLQRUWKURXJKWKHYLFLQLW\
RIWKHSURSRVHGVLWH
E 7KHDSSOLFDWLRQGHVFULEHVWKHQDWXUHDQGH[WHQWRIDFWLYLWLHVFRQGXFWHGDWWKHVLWH
DQGLQLWVYLFLQLW\LQFOXGLQJWKHSURGXFWVDQGPDWHULDOVOLNHO\WREHSURFHVVHGVWRUHG
XVHGRUWUDQVSRUWHGDQGIDFLOLWLHVQHDUE\LQFOXGLQJWKHLUORFDWLRQDQGGLVWDQFHIURP
WKHIDFLOLW\DQGWKHQDWXUHRIWKHKD]DUGWKH\SRVHWRWKHSURSRVHGIDFLOLW\
F 7KHDSSOLFDWLRQSURYLGHVVXIILFLHQWVWDWLVWLFDOGDWDWRHVWDEOLVKWKHEDVLVIRUHYDOXDWLQJ
HDFKSRWHQWLDOKD]DUGWRWKHIDFLOLW\DWWKHSURSRVHGVLWH
G 7KHDSSOLFDWLRQDVVHVVHGHDFKSRWHQWLDOKD]DUGDWWKHVLWHXVLQJDSSURSULDWH
PHWKRGRORJ\ UHFRPPHQGHGLQ1(,5HYRULQMXVWLILHGDOWHUQDWLYHJXLGDQFH
DQGGDWD
5HJLRQDO&OLPDWRORJ\/RFDO0HWHRURORJ\DQG$WPRVSKHULF'LVSHUVLRQ
,QDFFRUGDQFHZLWK&)5 F WKLVVXEVHFWLRQRIWKHDSSOLFDWLRQVKRXOGGHVFULEH
PHWHRURORJLFDOFKDUDFWHULVWLFVDWWKHVLWHDQGWKHVXUURXQGLQJDUHDLQFOXGLQJVRXUFHVIRU
WKHPHWHRURORJLFDOKD]DUGVXVHGDVGHVLJQSDUDPHWHUV QRWHWKDWPRUHXSGDWHGVRXUFHV
PD\EHDYDLODEOH 7KHJHQHUDOFOLPDWHRIWKHUHJLRQVKRXOGEHGHVFULEHGZLWKUHVSHFWWR
JHQHUDODLUIORZSDWWHUQV ZLQGGLUHFWLRQDQGVSHHG WHPSHUDWXUHDQGKXPLGLW\
SUHFLSLWDWLRQ UDLQVQRZVOHHWDQGIUHH]LQJUDLQ SRWHQWLDOLQIOXHQFHVIURPUHJLRQDO
WRSRJUDSK\DQGUHODWLRQVKLSVEHWZHHQV\QRSWLFVFDOHDWPRVSKHULFSURFHVVHVDQGORFDO
VLWH PHWHRURORJLFDOFRQGLWLRQV
5HJLRQDOPHWHRURORJLFDOGDWDVKRXOGEHEDVHGRQFOLPDWHVXPPDULHVSURGXFHGE\WKH
1DWLRQDO2FHDQRJUDSKLFDQG$WPRVSKHUH$GPLQLVWUDWLRQ 12$$ DQGVHYHUHZHDWKHU
EDVHGRQGDWDIURPWKH1DWLRQDO:HDWKHU6HUYLFH 1:6 PLOLWDU\RURWKHUUHFRJQL]HG
RUJDQL]DWLRQ+LVWRULFDOUHFRUGVVKRXOGEHH[DPLQHGZLWKUHVSHFWWRWHPSHUDWXUHV
DQQXDODQGVHDVRQDO LIDYDLODEOH IUHTXHQFLHVRIVHYHUHZHDWKHUSKHQRPHQDLQFOXGLQJ
KXUULFDQHVWRUQDGRHVDQGZDWHUVSRXWVWKXQGHUVWRUPVVHYHUHZLQGHYHQWVOLJKWQLQJ
KDLO LQFOXGLQJSUREDEOHPD[LPXPVL]H DQGKLJKDLUSROOXWLRQSRWHQWLDO$QQXDO
IUHTXHQF\RIRFFXUUHQFHDPRXQWDQGWLPHGXUDWLRQRIIUHH]LQJUDLQ LFHVWRUPV DQG
GXVW VDQG VWRUPVVKRXOGEHSURYLGHGZKHUHDSSOLFDEOH
5*³'HVLJQ%DVLV7RUQDGRDQG7RUQDGR0LVVLOHVIRU1XFOHDU3RZHU3ODQWV'DQG
5*³'HVLJQ%DVLV+XUULFDQHDQG+XUULFDQH0LVVLOHVIRU1XFOHDU3RZHU3ODQWV'
FRQWDLQLQIRUPDWLRQRQGHYHORSLQJWKHGHVLJQSDUDPHWHUVIRUWRUQDGRDQGKXUULFDQH
KD]DUGVUHVSHFWLYHO\6XIILFLHQWGDWDVKRXOGEHFROOHFWHGWRVXSSRUWGHILQLQJGHVLJQ
EDVLVZLQGYHORFLWLHVSUHFLSLWDWLRQ UDLQVQRZVOHHWKDLODQGIUHH]LQJUDLQ
WHPSHUDWXUHVWRUQDGRVDQGWRUQDGRPLVVLOHVLQFOXGLQJWKHLUHIIHFWRQWKH8OWLPDWH+HDW
6LQN 8+6 VHH5*³8OWLPDWH+HDW6LQNIRU133V'IRUDGGLWLRQDOJXLGDQFH
,QJHQHUDOWKH\HDUUHWXUQSHULRGVKRXOGEHXVHGWRVHOHFWWKHH[WUHPHVLQUDLQIDOO
VQRZSDFNZLQGVSHHGKXPLGLW\DQGWHPSHUDWXUH'DWDRQVHYHUHZHDWKHUSKHQRPHQD
VKRXOGEHEDVHGRQVWDQGDUGPHWHRURORJLFDOUHFRUGVIURPQHDUE\UHSUHVHQWDWLYH1:6
PLOLWDU\RURWKHUVWDWLRQVUHFRJQL]HGDVVWDQGDUGLQVWDOODWLRQVWKDWKDYHORQJSHULRGVRI
GDWDRQUHFRUG7KHDSSOLFDELOLW\RIWKHVHGDWDWRUHSUHVHQWVLWHFRQGLWLRQVGXULQJWKH
H[SHFWHGSHULRGRIUHDFWRURSHUDWLRQVKRXOGEHVXEVWDQWLDWHG
$VGHVFULEHGLQ5*DWPRVSKHULFGLVSHUVLRQHVWLPDWHVIRUXVHLQDFFLGHQWDQDO\VLV
VKRXOGEHEDVHGRQDWOHDVW\HDUVRIRQVLWHPHWHRURORJLFDOGDWD/RQJWHUP
DWPRVSKHULFGLVSHUVLRQHVWLPDWHVIRUURXWLQH QRUPDO UHOHDVHVKRXOGDOVREHEDVHGRQ
\HDUVRIRQVLWHPHWHRURORJLFDOGDWDDQGVKRXOGSURYLGHHVWLPDWHVIRUVSHFLDOUHFHSWRUV
RXWWRPLOHV NP ,I\HDUVRIRQVLWHGDWDDUHQRWDYDLODEOHDWWKHWLPHWKH
DSSOLFDWLRQLVVXEPLWWHGWKHDSSOLFDQWVKRXOGSURYLGHDWOHDVWRQHDQQXDOF\FOHRI
PHWHRURORJLFDOGDWDFROOHFWHGRQVLWHZLWKWKHDSSOLFDWLRQ7KHDSSOLFDQWVKRXOGFRQWLQXH
WRPRQLWRUWKHGDWDDQGVXEPLWWKHFRPSOHWH\HDUGDWDVHWZKHQLWKDVEHHQFROOHFWHG
5*DOVRSURYLGHVDGGLWLRQDORSWLRQVIRUFROOHFWLRQRIPHWHRURORJLFDOGDWDIRUDQ(63
WKDWDQDSSOLFDQWFDQFKRRVHWRIROORZ
,IWKHKLVWRULFDOLQIRUPDWLRQLVQRWLQFOXGHGLQWKHDSSOLFDWLRQLWVKRXOGEHDYDLODEOHLQD
VHSDUDWHUHSRUWIRU15&VWDIIDXGLWDQGWRVXEPLWRQWKHGRFNHWLIQHFHVVDU\$WD
PLQLPXPWKHDSSOLFDWLRQVKRXOGVXPPDUL]HWKHEDVLVIRUHVWDEOLVKLQJWKHPHWHRURORJLFDO
SDUDPHWHUVDQGYDOXHVVHOHFWHGIRUGHVLJQ
$QRQVLWHPHWHRURORJLFDOPHDVXUHPHQWSURJUDPPD\EHUHTXLUHGWRVXSSRUWWKH
DQDO\VLV,ILWLVGHWHUPLQHGDQRQVLWHPHWHRURORJ\SURJUDPLVQHFHVVDU\5*
³0HWHRURORJLFDO0RQLWRULQJ3URJUDPIRU1XFOHDU3RZHU3ODQWV'FRQWDLQVJXLGDQFHIRU
DFFHSWDEOHRQVLWHPHWHRURORJLFDOSURJUDPVGHYLDWLRQVIURPWKLVJXLGDQFHVKRXOGEH
GLVFXVVHGDQGMXVWLILHG
6XIILFLHQWLQIRUPDWLRQVKRXOGEHSURYLGHGWRHQDEOHHVWLPDWLRQRI 6KRUWWHUP
DWPRVSKHULFGLVSHUVLRQHVWLPDWHVGXULQJDFFLGHQWUHOHDVHVDQG /RQJWHUP
DWPRVSKHULFGLVSHUVLRQHVWLPDWHVIRUURXWLQHUHOHDVHVGXULQJERWKQRUPDODQGRII
QRUPDOIDFLOLW\RSHUDWLQJFRQGLWLRQV*XLGDQFHIRUGHWHUPLQLQJWKHVKRUWWHUP
DWPRVSKHULFGLVSHUVLRQHVWLPDWHVLVFRQWDLQHGLQ5*³$WPRVSKHULF'LVSHUVLRQ
0RGHOVIRU3RWHQWLDO$FFLGHQW&RQVHTXHQFH$VVHVVPHQWDW1XFOHDU3RZHU3ODQWV'
- XLGDQFHIRUGHWHUPLQLQJWKHORQJWHUP URXWLQHUHOHDVH GLVSHUVLRQHVWLPDWHVLV
FRQWDLQHGLQ5*³0HWKRGVIRU(VWLPDWLQJ$WPRVSKHULF7UDQVSRUWDQG'LVSHUVLRQ
RI*DVHRXV(IIOXHQWVLQ5RXWLQH5HOHDVHVIURP/LJKW:DWHU&RROHG5HDFWRUV'
,IDUHDFWRUGHVLJQLQFOXGHVDFRQWUROURRPWKDWUHTXLUHVRSHUDWRUDFWLRQWRHLWKHU
DFFRPSOLVKUHTXLUHGVDIHW\IXQFWLRQVRUWRLPSOHPHQWGHIHQVHLQGHSWKPHDVXUHV
VXIILFLHQWLQIRUPDWLRQVKRXOGEHSURYLGHGWRHVWLPDWHDWPRVSKHULFGLVSHUVLRQYDOXHVLQ
VXSSRUWRIGHVLJQEDVLVFRQWUROURRPUDGLRORJLFDOKDELWDELOLW\DVVHVVPHQWV5*
³$WPRVSKHULF5HODWLYH&RQFHQWUDWLRQVIRU&RQWURO5RRP5DGLRORJLFDO+DELWDELOLW\
$VVHVVPHQWVDW1XFOHDU3RZHU3ODQWV'GHVFULEHVPHWKRGVDFFHSWDEOHIRUHVWLPDWLQJ
WKHVHYDOXHV
$FFHSWDQFH&ULWHULD
D 7KHGHVFULSWLRQLQWKHDSSOLFDWLRQRIWKHUHJLRQDOFOLPDWHLVEDVHGXSRQFOLPDWLF
VXPPDULHVSURGXFHGE\12$$RU15&JXLGDQFHGRFXPHQWVWKDWFRYHUVSHFLILF
GHVLJQSDUDPHWHUV
E 7KHDSSOLFDWLRQGDWDRQVHYHUHZHDWKHUWKDWPD\LPSDFWWKHIDFLOLW\LVEDVHGRQ
12$$1:6PLOLWDU\RURWKHUUHFRJQL]HGRUJDQL]DWLRQGDWDRU15&JXLGDQFH
GRFXPHQWVWKDWFRYHUVSHFLILFGHVLJQSDUDPHWHUV
F 7RUQDGRSDUDPHWHUVDQGDVVRFLDWHGPLVVLOHVIRUWKHVLWHGHVFULEHGLQWKHDSSOLFDWLRQ
DUHFRQVLVWHQWZLWKWKHODWHVWUHYLVLRQWR5*³'HVLJQ%DVLV7RUQDGRDQG
7RUQDGR0LVVLOHVIRU1XFOHDU3RZHU3ODQWV'
G +XUULFDQHZLQGDQGPLVVLOHVSDUDPHWHUVIRUWKHVLWHGHVFULEHGLQWKHDSSOLFDWLRQDUH
FRQVLVWHQWZLWK5*³'HVLJQ%DVLV+XUULFDQHDQG+XUULFDQH0LVVLOHVIRU
1XFOHDU3RZHU3ODQWV'
H 2WKHUORFDOFOLPDWHSDUDPHWHUV WHPSHUDWXUHVKXPLGLW\UDLQIDOOHWF WKDWDUHXVHGLQ
GHVLJQRUFDQDIIHFWWKH8+6DUHGHVFULEHGDQGWKHLUHIIHFWVRQWKH8+6HYDOXDWHG
7KHSHUIRUPDQFHRI8+6V\VWHPVWKDWUHO\RQZDWHUVRXUFHVWRPDLQWDLQ66&V
VKRXOGEHGHWHUPLQHGIROORZLQJWKHJXLGDQFHLQWKHODWHVWUHYLVLRQWR5*
³8OWLPDWH+HDW6LQNIRU1XFOHDU3RZHU3ODQWV'
I -RLQWIUHTXHQF\GLVWULEXWLRQV VHH5*IRUGHVFULSWLRQ IRUXVHLQWKHDWPRVSKHULF
GLVSHUVLRQPRGHOVGHVFULEHGLQ5*³$WPRVSKHULF'LVSHUVLRQ0RGHOVIRU
3RWHQWLDO$FFLGHQW&RQVHTXHQFH$VVHVVPHQWDW133V'DQG5*³0HWKRGVIRU
(VWLPDWLQJ$WPRVSKHULF7UDQVSRUWDQG'LVSHUVLRQ*DVHRXV(IIOXHQWVLQ5RXWLQH
5HOHDVHVIURP/LJKW:DWHU&RROHG5HDFWRUV'DUHSURYLGHG
J ,IWKHUHDFWRUGHVLJQLQFOXGHVDFRQWUROURRPWKDWUHTXLUHVRSHUDWRUDFWLRQWRHLWKHU
DFFRPSOLVKUHTXLUHGVDIHW\IXQFWLRQVRUWRLPSOHPHQWGHIHQVHLQGHSWKPHDVXUHV
KRXUO\PHWHRURORJLFDOGDWDIURPWKHRQVLWHPHWHRURORJLFDOPRQLWRULQJSURJUDP VHH
5*³0HWHRURORJLFDO0RQLWRULQJ3URJUDPVIRU1XFOHDU3RZHU3ODQWV' VKRXOGEH
SURYLGHGIRUXVHLQWKHDWPRVSKHULFGLVSHUVLRQPRGHOGHVFULEHGLQ5*
+\GURORJLFDO'HVFULSWLRQ
,QDFFRUGDQFHZLWK&)5 F DQG&)5 G DSSOLFDWLRQVVKRXOG
GHVFULEHDOOK\GURORJLFDOO\UHODWHGVLWHFKDUDFWHULVWLFV HJSUREDEOHPD[LPXPIORRG
JURXQGZDWHUWDEOHDTXLIHUVHWF DQGVXPPDUL]HWKHGHVLJQEDVHVIRUWKHVLWH
SDUDPHWHUVDQGYDOXHVVHOHFWHGIRUWKHGHVLJQRIVDIHW\UHODWHG66&VDQGDQDO\VLVRI
WKHWUDQVSRUWRIUDGLRDFWLYHPDWHULDOUHVXOWLQJIURPVSLOOVRUOHDNVRIOLTXLGZDVWH'HWDLOHG
K\GURORJLFDOLQIRUPDWLRQXVHGWRHVWDEOLVKGHVLJQSDUDPHWHUVPD\EHGRFXPHQWHGLQD
VHSDUDWHUHSRUWWKDWLVPDGHDYDLODEOHIRU15&VWDIIDXGLW
$FFHSWDQFH&ULWHULD
D 7KHDSSOLFDWLRQSURYLGHVVXIILFLHQWGDWDWRGHWHUPLQHWKHVXUIDFHZDWHUDQG
JURXQGZDWHUXVHVLQWKHYLFLQLW\RIWKHIDFLOLW\WKDWFRXOGDIIHFWWKHVDIHW\UHODWHG
ZDWHUVXSSO\WRWKHIDFLOLW\RUFRXOGEHSDWKZD\VIRUFDUU\LQJUDGLRDFWLYHPDWHULDO
RIIVLWH
E 7KHDSSOLFDWLRQSURYLGHVVXIILFLHQWGDWDVKRZLQJWKHLQWHUIDFHRIWKHIDFLOLW\ZLWKWKH
IORRGSODLQIRUGLIIHUHQWVL]HIORRGVLQFOXGLQJWKHSRVVLEOHFDXVHVRIWKHIORRGV
)ORRGV
)RUVLWHVORFDWHGLQULYHUYDOOH\VRQIORRGSODLQVRUDORQJFRDVWOLQHVZKHUHD
SRWHQWLDOIRUIORRGLQJH[LVWVWKLVVXEVHFWLRQVKRXOGGHVFULEHWKHSRWHQWLDOIRU
IORRGVDQGGHILQHWKHSUREDEOHPD[LPXPIORRG 30) 5HJXODWRU\*XLGH
³*HQHUDO6LWH6XLWDELOLW\&ULWHULDIRU1XFOHDU3RZHU6WDWLRQV'DQG5HJXODWRU\
- XLGH³'HVLJQ%DVLV)ORRGVIRU1XFOHDU3RZHU3ODQWV'VKRXOGEHXVHGWR
GHVFULEHWKHSRWHQWLDOIRUIORRGLQJ7KHOHYHORIDQDO\VLVSUHVHQWHGLQWKLVVHFWLRQ
PD\UDQJHIURPFRQVHUYDWLYHEDVHGRQVLPSOLI\LQJDVVXPSWLRQVWRGHWDLOHG
DQDO\WLFDOHVWLPDWHV
7KHIROORZLQJSKHQRPHQDRUFRQGLWLRQVVKRXOGEHFRQVLGHUHG
- SUREDEOHPD[LPXPSUHFLSLWDWLRQRQVLWHDQGRQWKHFRQWULEXWLQJGUDLQDJH
DUHD
- UXQRIIIORRGVIRUVWUHDPVUHVHUYRLUVDGMDFHQWGUDLQDJHDUHDVDQGVLWH
GUDLQDJHDQGIORRGZDYHVUHVXOWLQJIURPGDPIDLOXUHVLQGXFHGE\UXQRII
IORRGV
- VXUJHVVHLFKHVDQGZDYHDFWLRQ
- WVXQDPL
- QRQUXQRIILQGXFHGIORRGZDYHVDWWULEXWDEOHWRGDPIDLOXUHVRUODQGVOLGHV
DQGIORRGVDWWULEXWDEOHWRIDLOXUHRIRQVLWHRUQHDUVLWHZDWHUFRQWURO
VWUXFWXUHV
- LFHMDPIORRGLQJ
- FRPELQDWLRQVRIYDULRXVIORRGW\SHV HJULYHULQHIORRGSOXVGDPIDLOXUH
IORRG
- GLOXWLRQDQGGLVSHUVLRQRIVHYHUHDFFLGHQWDOUHOHDVHVWRWKHK\GURVSKHUH
UHODWLQJWRH[LVWLQJDQGSRWHQWLDOIXWXUHXVHUVRIVXUIDFHZDWHUDQG
JURXQGZDWHUUHVRXUFHV
- VWUHDPFKDQQHOPLJUDWLRQKD]DUGUHODWHGWRIORRGDQGPXGIORZV
(IIHFWVRIEORFNDJHE\QDWXUDOHYHQWVORZZDWHUDQGRUGURXJKWHIIHFWVFKDQQHO
PLJUDWLRQVDQGGLYHUVLRQVDQGFDSDFLW\UHTXLUHPHQWVVKRXOGEHFRQVLGHUHGLQ
DGGLWLRQWRWKHLWHPVOLVWHGDERYHIRUWKHUHTXLUHGVDIHW\IXQFWLRQVDQGGHIHQVH
LQGHSWKDVVRFLDWHGZLWKFRROLQJZDWHUVRXUFHV
$FFHSWDQFH&ULWHULD
D 7KHDSSOLFDWLRQGHVFULEHVWKH'HVLJQ%DVLV)ORRGSURSRVHGIRUWKHVLWHDQG
LWVEDVLVFRQVLVWHQWZLWKWKHJXLGDQFHLQ5HJXODWRU\*XLGH5HJXODWRU\
- XLGH³*XLGDQFHIRUD7HFKQRORJ\,QFOXVLYH5LVN,QIRUPHGDQG
3HUIRUPDQFH%DVHG0HWKRGRORJ\WR,QIRUPWKH/LFHQVLQJ%DVLVDQG&RQWHQW
RI$SSOLFDWLRQVIRU/LFHQVHV&HUWLILFDWLRQVDQG$SSURYDOVIRU1RQ/LJKW:DWHU
5HDFWRUV'SURYLGHVJXLGDQFHWRGHWHUPLQHGHVLJQEDVLVH[WHUQDOHYHQWV HJ
VHLVPLFRUIORRGHYHQWV WKDWWKHVDIHW\UHODWHG66&VZLOOEHUHTXLUHGWR
ZLWKVWDQG
E 7KHDSSOLFDWLRQGHVFULEHVWKHSUREDEOHPD[LPXPSUHFLSLWDWLRQDWWKHVLWHWKH
GUDLQDJHSDWKVDQGWKHSRWHQWLDOIRUEORFNDJHRIWKHGUDLQDJHSDWKZD\V
F )RUFRDVWDOVLWHVWKHDSSOLFDWLRQGHVFULEHVWKHSRWHQWLDOIRUWVXQDPLVDQGRU
VHLFKHVLQFOXGLQJWKHLUVRXUFHVDQGDQ\SDVWHYHQWVLQWKHYLFLQLW\
G 7KHDSSOLFDWLRQGHVFULEHVWKHSRWHQWLDOIRUDQGHIIHFWVRIXSVWUHDPDQG
GRZQVWUHDPGDPIDLOXUHV
H 7KHDSSOLFDWLRQGHVFULEHVDQ\RWKHUPHFKDQLVPVWKDWFRXOGFDXVHWKHVLWHWR
EHIORRGHG HJLFHGDPV RUUHVXOWLQORZZDWHUVLWXDWLRQVDQGWKHLULPSDFW
RQWKHUHTXLUHGVDIHW\IXQFWLRQVRUGHIHQVHLQGHSWKDVVRFLDWHGZLWKWKH
GHVLJQ
)ORRGLQJ3URWHFWLRQ
6LWHHOHYDWLRQVDVZHOODVVWUXFWXUHVH[WHULRUDFFHVVHVHTXLSPHQWDQGV\VWHPV
WKDWLPSDFWDUHTXLUHGVDIHW\IXQFWLRQRUGHIHQVHLQGHSWKIXQFWLRQVKRXOGEH
LGHQWLILHGDQGGHVFULEHGIURPWKHVWDQGSRLQWRIIORRGKD]DUG ERWKVXUIDFHDQG
VXEVXUIDFH $WRSRJUDSKLFPDSRIWKHVLWHVKRXOGEHSURYLGHGVKRZLQJDQ\
SURSRVHGFKDQJHVWRQDWXUDOGUDLQDJHIHDWXUHV5*³)ORRG3URWHFWLRQIRU
1XFOHDU3RZHU3ODQWV'SURYLGHVJXLGDQFHRQLGHQWLI\LQJDQGHVWDEOLVKLQJWKH
QHFHVVDU\SURWHFWLRQVIRUVDIHW\UHODWHG66&VWKDWPD\EHH[SRVHGWRIORRGLQJ
DQGLPSOHPHQWLQJDSSURSULDWHSURWHFWLRQPHDVXUHV,IDQ66&LVUHOLHGXSRQWR
HVWDEOLVKWKHDGHTXDF\RIGHIHQVHLQGHSWKWKHQDQDO\VLVLVQHHGHGWRGHWHUPLQH
ZKHWKHULWQHHGVWREHGHVLJQHGZLWKVSHFLDOWUHDWPHQWWRZLWKVWDQGDIORRGLQJ
KD]DUG
'HVFULSWLRQVRIH[LVWLQJDQGSURSRVHGZDWHUFRQWUROVWUXFWXUHVERWKXSVWUHDP
DQGGRZQVWUHDPWKDWPD\LQIOXHQFHFRQGLWLRQVDWWKHVLWHVKRXOGEHGLVFXVVHG
)RUWKHVHVWUXFWXUHVWKHDSSOLFDQWVKRXOG
- WDEXODWHFRQWULEXWLQJGUDLQDJHDUHDV
- GHVFULEHW\SHVRIVWUXFWXUHVDOODSSXUWHQDQFHVRZQHUVKLSVHLVPLFGHVLJQ
FULWHULDDQGVSLOOZD\GHVLJQFULWHULD
- SURYLGHHOHYDWLRQDUHDVWRUDJHUHODWLRQVKLSVDQGVKRUWWHUPDQGORQJWHUP
VWRUDJHDOORFDWLRQVIRUSHUWLQHQWUHVHUYRLUV
$FFHSWDQFH&ULWHULD
D 7KHDSSOLFDWLRQGHVFULEHVWKHVDIHW\UHODWHG66&VH[SRVHGWRIORRGLQJDQG
WKHPHDVXUHVLQFOXGHGLQWKHGHVLJQWRSURWHFWWKHP
E ,IDWHPSRUDU\IORRGSURWHFWLRQIRUWKHIDFLOLW\LVQHHGHGDVXIILFLHQWWLPH
IUDPHRIH[HFXWLQJWKHIORRGSURWHFWLRQSURFHGXUHVSULRUWRDIRUHFDVWHG
VHYHUHVWRUPRUDQWLFLSDWHGIORRGLQJHYHQWDVZHOODVWKHEDVLVIRU
HVWDEOLVKLQJWKHWLPHIUDPHLVSURYLGHG
*URXQGZDWHU
7KHORFDWLRQVL]HVKDSHDQGRWKHUK\GURORJLFFKDUDFWHULVWLFVRIVWUHDPVODNHV
VKRUHUHJLRQVDQGJURXQGZDWHUHQYLURQPHQWVLQWKHYLFLQLW\RIWKHVLWHVKRXOGEH
GHVFULEHG
$UHJLRQDOPDSVKRZLQJPDMRUK\GURORJLFIHDWXUHVVKRXOGEHSURYLGHG7KH
DSSOLFDQWVKRXOGOLVWWKHRZQHUORFDWLRQDQGUDWHRIXVHRIVXUIDFHDQG
JURXQGZDWHUXVHUVZKRVHLQWDNHVFRXOGEHDGYHUVHO\DIIHFWHGE\DFFLGHQWDO
UHOHDVHRIFRQWDPLQDQWV
$FFHSWDQFH&ULWHULD
D 7KHDSSOLFDWLRQGHVFULEHVWKHORFDODQGUHJLRQDOJURXQGZDWHUXVDJH
E 7KHDSSOLFDWLRQGHVFULEHVWKHHIIHFWVRIJURXQGZDWHURQIRXQGDWLRQVRIVDIHW\
UHODWHGVWUXFWXUHVDQGRWKHUVDIHW\UHODWHG66&V
F 7KHDSSOLFDWLRQGHVFULEHVWKHSURWHFWLYHPHDVXUHVWDNHQWRSURWHFWDQG
SUHYHQWGHWHULRUDWLRQRIVDIHW\UHODWHGIRXQGDWLRQVDQG66&VUHVXOWLQJIURP
JURXQGZDWHUHIIHFWV
G 7KHDSSOLFDWLRQGHVFULEHVDQ\PHDVXUHV HJGHZDWHULQJV\VWHP WDNHQWR
NHHSJURXQGZDWHUZLWKLQWKHGHVLJQEDVLVDQGLWVVDIHW\UHODWHG
H 7KHDSSOLFDWLRQFRQWDLQVDUHJLRQDOPDSVKRZLQJPDMRUK\GURORJLFIHDWXUHV
LQFOXGLQJWKHRZQHUDQGUDWHVRIXVHRIVXUIDFHZDWHUDQGJURXQGZDWHU
*HRORJ\6HLVPRORJ\DQG*HRWHFKQLFDO(QJLQHHULQJ
,QDFFRUGDQFHZLWK&)5 G DQGWKHDSSOLFDWLRQVKRXOGSURYLGHVXIILFLHQW
LQIRUPDWLRQUHJDUGLQJWKHVHLVPLFDQGJHRORJLFFKDUDFWHULVWLFVRIWKHVLWHDQG
VXUURXQGLQJUHJLRQWRSHUPLWDQHYDOXDWLRQRIWKHSURSRVHGVLWHIRUORDGEHDULQJ
FDSDELOLW\VHLVPLFDFWLYLW\LQFOXGLQJHYDOXDWLRQVWRGHYHORSWKHVLWHVSHFLILFVDIH
VKXWGRZQHDUWKTXDNHJURXQGPRWLRQ 66( UHVSRQVHVSHFWUXPDQGWRVXSSRUWDQDO\VLV
RIWKHVWUXFWXUHVDQGVHLVPLFHIIHFWVRQ66&VDWWKHSURSRVHGVLWH$VXPPDU\RI
VWXGLHVWKDWLQFOXGHDEULHIGHVFULSWLRQRIWKHVLWHLQYHVWLJDWLRQVSHUIRUPHGUHVXOWVRI
LQYHVWLJDWLRQVFRQFOXVLRQVDQGLGHQWLILFDWLRQRIZKRGLGWKHZRUNVKRXOGEHSURYLGHG
'HWDLOHGJHRORJLFLQIRUPDWLRQVKRXOGEHGRFXPHQWHGLQDVHSDUDWHUHSRUWDQGPDGH
DYDLODEOHIRUWKH15&VWDIIWRDXGLW
*HRORJLF+D]DUGV
7KHJHRORJLFDQGVHLVPLFLQIRUPDWLRQWKDWIRUPVWKHEDVLVIRUWKHVHLVPLFVRXUFH
FKDUDFWHUL]DWLRQ 66& PRGHOXVHGIRUWKHSUREDELOLVWLFVHLVPLFKD]DUGDQDO\VLV
36+$ IRUWKHVLWHVKRXOGEHSURYLGHG)RUFHQWUDODQGHDVWHUQ86 &(86 VLWHV
WKHXVHRIWKHPRGHOLQ185(*³&HQWUDODQG(DVWHUQ866HLVPLF6RXUFH
&KDUDFWHUL]DWLRQVIRU1XFOHDU)DFLOLWLHV'LVDFFHSWDEOHDVDVWDUWLQJSRLQWIRUWKH
66&*HRORJLFLQYHVWLJDWLRQVRISRWHQWLDOVHLVPLFVRXUFHVZLWKLQWKHVLWHUHJLRQ
PLOHV NP WKDWDUHQRWLQFOXGHGLQWKH185(*&(8666&
PRGHOVKRXOGEHFRQGXFWHGWRGHWHUPLQHLIWKHVHIHDWXUHVZDUUDQWLQFOXVLRQLQWKH
ILQDO66&PRGHO$16$16,³&ULWHULDIRU,QYHVWLJDWLRQVRI1XFOHDU
)DFLOLW\6LWHVIRU6HLVPLF+D]DUG$VVHVVPHQWV'SURYLGHVJXLGDQFHIRU
SHUIRUPLQJWKHVHJHRORJLFLQYHVWLJDWLRQV)RUZHVWHUQ86 :86 VLWHVWKH
JXLGDQFHLQ$16$16,DQG$16$16,³3UREDELOLVWLF
6HLVPLF+D]DUG$QDO\VLV'VKRXOGEHIROORZHGIRUGHYHORSPHQWRIWKH66&
PRGHO&RQVLVWHQWZLWKWKHJXLGDQFHLQ185(*³8SGDWHG,PSOHPHQWDWLRQ
- XLGHOLQHVIRU66+$&+D]DUG6WXGLHV'WKHDSSOLFDQWVKRXOGSURYLGHLWV
HYDOXDWLRQRIWKHGDWDPRGHOVDQGPHWKRGVUHOHYDQWWRWKHGHYHORSPHQWRIWKH
66&PRGHOIRUWKHVLWHLQFOXGLQJDQHVWLPDWHRIWKHXQFHUWDLQW\DVVRFLDWHGZLWK
HDFKRIWKHKD]DUGLQSXWVXVHGLQWKHPRGHO,QDGGLWLRQWRGHYHORSPHQWRIWKH
66&PRGHOWKHDSSOLFDQWVKRXOGHYDOXDWHZKHWKHUWKHUHDUHDQ\SRWHQWLDOKD]DUG
FRQGLWLRQVFDXVHGE\KXPDQDFWLYLWLHV HJLPSDFWVRIPLQLQJTXDUU\LQJIOXLG
LQMHFWLRQRUZLWKGUDZDO WKDWPD\LQIOXHQFHWKHVLWHVXLWDELOLW\
7KHJHRORJLFLQYHVWLJDWLRQVVKRXOGFRQVLGHU
5HJLRQDO*HRORJ\$OOJHRORJLFVHLVPLFWHFWRQLFDQGQRQWHFWRQLF
KD]DUGVZLWKLQWKHVLWHUHJLRQ$UHYLHZRIWKHUHJLRQDOWHFWRQLFVZLWK
HPSKDVLVRQWKH4XDWHUQDU\SHULRGVWUXFWXUDOJHRORJ\VHLVPRORJ\
SDOHRVHLVPRORJ\SK\VLRJUDSK\JHRPRUSKRORJ\VWUDWLJUDSK\DQG
JHRORJLFKLVWRU\ZLWKLQDGLVWDQFHRIPLOHV NP IURPWKHVLWH VLWH
UHJLRQ
6LWH*HRORJ\7KHVLWHUHODWHGJHRORJLFIHDWXUHVVHLVPLFFRQGLWLRQVDQG
FRQGLWLRQVFDXVHGE\KXPDQDFWLYLWLHVDWDSSURSULDWHOHYHOVRIGHWDLOZLWKLQ
DUHDVDSSUR[LPDWHO\GHILQHGE\UDGLLRIPLOHV NP PLOHV NP
DQGPLOHV NP DURXQGWKHVLWH
$FFHSWDQFH&ULWHULD
D 7KHDSSOLFDWLRQGHVFULEHVWKH66&PRGHODQGLWVEDVLV
E 7KHDSSOLFDWLRQGHVFULEHVLWVHYDOXDWLRQRIWKHSRWHQWLDOKD]DUGFRQGLWLRQV
FDXVHGE\KXPDQDFWLYLWLHV
9LEUDWRU\*URXQG0RWLRQ
7KHDSSOLFDWLRQVKRXOGGHVFULEHWKHJURXQGPRWLRQFKDUDFWHUL]DWLRQ *0&
PRGHODQGVLWHUHVSRQVHDQDO\VLVXVHGLQWKH36+$LQRUGHUGHYHORSVHLVPLF
KD]DUGFXUYHVDQGWKHJURXQGPRWLRQUHVSRQVHVSHFWUXP *056 IRUWKHVLWH
- XLGDQFHUHJDUGLQJWKHGHYHORSPHQWRIWKH*0&PRGHOLVSURYLGHGLQ$16$16,
)RU&(86VLWHVWKH1H[W*HQHUDWLRQ$WWHQXDWLRQ(DVW*0&PRGHO
VKRXOGEHXVHG)RU:86VLWHVWKH6RXWK:HVWHUQ8QLWHG6WDWHV*0&PRGHO
KDVEHHQSUHYLRXVO\DSSURYHGDQGPD\EHVXLWDEOHZLWKUHJLRQDODGMXVWPHQWVWR
WKHPRGHO7KHJXLGDQFHSURYLGHGLQ$16,$16VKRXOGEHXVHGWR
SHUIRUPDVLWHUHVSRQVHHYDOXDWLRQDQGD36+$&ULWHULDIRUVHOHFWLRQRIWKH
DSSURSULDWHVHLVPLFGHVLJQFDWHJRU\LVSURYLGHGLQ$16,$16
³&DWHJRUL]DWLRQRI1XFOHDU)DFLOLW\6WUXFWXUHV6\VWHPVDQG&RPSRQHQWVIRU
6HLVPLF'HVLJQ'DQGWKHFRUUHVSRQGLQJWDUJHWULVNLQIRUPHGGHVLJQIDFWRUVXVHG
WRGHWHUPLQHWKH*056DUHSURYLGHGLQ$6&(6(,³6HLVPLF'HVLJQ
&ULWHULDIRU6WUXFWXUHV6\VWHPVDQG&RPSRQHQWVLQ1XFOHDU)DFLOLWLHV'8VLQJ
WKH*056IRXQGDWLRQLQSXWUHVSRQVHVSHFWUD ),56 IRUHDFKRIWKHVHLVPLF
&DWHJRU\,VWUXFWXUHVWKH66(DQGRSHUDWLQJEDVLVHDUWKTXDNH 2%( VKRXOG
WKHQEHGHYHORSHG
$FFHSWDQFH&ULWHULD
D 7KHDSSOLFDWLRQGHVFULEHVWKH*0&PRGHODQGLWVEDVLV
E 7KHDSSOLFDWLRQGHVFULEHVWKHGDWDPRGHOVDQGPHWKRGVXVHGWRGHYHORSWKH
VLWHDPSOLILFDWLRQIDFWRUV
F 7KHDSSOLFDWLRQGHVFULEHVWKHDSSURDFKXVHGWRSHUIRUPWKH36+$IRUWKH
VLWH
G 7KHDSSOLFDWLRQSURYLGHVWKHEDVLVIRUWKHVHOHFWHGVHLVPLFGHVLJQFDWHJRU\
WDUJHWULVNGHVLJQIDFWRU*056DQG),56IRUWKHVLWH
H 7KHDSSOLFDQWGHPRQVWUDWHVWKDWWKH66(DQG2%(UHVSRQVHVSHFWUD
GHYHORSHGIURPWKH*056PHHWWKHUHTXLUHPHQWVRI&)53DUW
$SSHQGL[6
6XUIDFH'HIRUPDWLRQ
7KHDSSOLFDWLRQVKRXOGSURYLGHLQIRUPDWLRQGHVFULELQJZKHWKHUDSRWHQWLDOH[LVWV
IRUVXUIDFHGHIRUPDWLRQWKDWFRXOGDIIHFWWKHVLWH7KHVXUIDFHDQGVXEVXUIDFH
JHRORJLFDOVHLVPRORJLFDOJHRSK\VLFDODQGJHRWHFKQLFDOLQYHVWLJDWLRQV
SHUIRUPHGDURXQGWKHVLWHSURYLGLQJWKHEDVLVIRUWKLVLQIRUPDWLRQVKRXOGEH
VXPPDUL]HG5*³$3HUIRUPDQFH%DVHG$SSURDFKWR'HILQHWKH6LWH
6SHFLILF(DUWKTXDNH*URXQG0RWLRQ$16$16,SURYLGHVJXLGDQFH
UHJDUGLQJDFFHSWDEOHPHWKRGVIRUWKHLQYHVWLJDWLRQRIVXUIDFHGHIRUPDWLRQ
$FFHSWDQFH&ULWHULD
D 7KHVLWHLQYHVWLJDWLRQVRIVXUIDFHGHIRUPDWLRQIROORZWKHJXLGDQFHLQ5*
RUDOWHUQDWHPHWKRGV HJ$16$16, DUHXVHGGHVFULEHG
DQGMXVWLILHG
E 7KHDSSOLFDWLRQFRQWDLQVVXIILFLHQWLQIRUPDWLRQWRFRQFOXGHWKDWWKHVLWHGRHV
QRWKDYHWKHSRWHQWLDOIRUVXUIDFHGHIRUPDWLRQ
6WDELOLW\RI6XEVXUIDFH0DWHULDOVDQG)RXQGDWLRQV
7KHDSSOLFDWLRQVKRXOGSUHVHQWLQIRUPDWLRQFRQFHUQLQJSURSHUWLHVDQGVWDELOLW\RI
DOOVRLOVDQGURFNOD\HUVWKDWPD\DIIHFWWKHQXFOHDUSRZHUSODQWIDFLOLWLHVXQGHU
ERWKVWDWLFDQGG\QDPLFFRQGLWLRQVLQFOXGLQJWKHYLEUDWRU\JURXQGPRWLRQV
DVVRFLDWHGZLWKWKH*0567KHJXLGDQFHLQ5*³6LWH,QYHVWLJDWLRQVIRU
)RXQGDWLRQVRI133V'VKRXOGEHIROORZHGIRULQYHVWLJDWLQJWKHVRLODQGURFNORDG
EHDULQJSURSHUWLHV$GGLWLRQDOJXLGDQFHIURP$16,$16³$PHULFDQ
1DWLRQDO6WDQGDUG&ULWHULDIRU,QYHVWLJDWLRQVRI1XFOHDU)DFLOLW\6LWHVIRU6HLVPLF
+D]DUG$VVHVVPHQWV'PD\EHXVHGIRUDJUDGHGDSSURDFKWRVLWH
FKDUDFWHUL]DWLRQIRUDVVHVVLQJWKHVWDELOLW\RIWKHVXEVXUIDFHDQGIRXQGDWLRQVIRU
DIDFLOLW\ZLWKOHVVHURYHUDOOULVN7KHODERUDWRU\DQGILHOGWHVWLQJWRHVWLPDWHWKH
SURSHUWLHVRIURFNDQGOD\HUVLQWKHVXEVXUIDFHXQGHUQHDWKWKHIDFLOLW\LV
FRQGXFWHGIROORZLQJ5*³/DERUDWRU\,QYHVWLJDWLRQVRI6RLOVDQG5RFNVIRU
(QJLQHHULQJ$QDO\VLVDQG'HVLJQRI1XFOHDU3RZHU3ODQWV'7KHDSSOLFDWLRQ
VKRXOGGHVFULEHWKHVWDELOLW\RIWKHVHPDWHULDOVDVWKH\LQIOXHQFHWKHVDIHW\RI
VHLVPLF&DWHJRU\,IDFLOLWLHVDQGGLVFXVVWKHVLWHFRQGLWLRQVDQGJHRORJLFIHDWXUHV
WKDWPD\DIIHFWQXFOHDUSRZHUSODQWVWUXFWXUHVRUWKHLUIRXQGDWLRQV7KH
DSSOLFDWLRQVKRXOGLQFOXGHLQIRUPDWLRQUHJDUGLQJH[FDYDWLRQVEDFNILOODQG
HDUWKZRUNDQDO\VHVZKHUHWKHVHDFWLYLWLHVLQYROYHVHLVPLF&DWHJRU\,IDFLOLWLHV
7KHVRXUFHTXDOLWLHVDQGTXDQWLWLHVRIEDFNILOOPDWHULDOVQHHGHGVKRXOGEH
GHVFULEHG&RPSDFWLRQVSHFLILFDWLRQDQGSURFHGXUHVWREHXVHGDUHMXVWLILHG
4XDOLW\FRQWUROPHWKRGVIRUEDFNILOOFRPSDFWLRQDUHGLVFXVVHG7KHJXLGDQFHLQ
5*³3URFHGXUHVDQG&ULWHULDIRU$VVHVVLQJ6HLVPLF6RLO/LTXHIDFWLRQDW
1336LWHV'VKRXOGEHIROORZHGIRUWKHLQYHVWLJDWLRQRIWKHSRWHQWLDOIRU
OLTXHIDFWLRQDWWKHVLWH
$FFHSWDQFH&ULWHULD
D 7KHSURSRVHGVLWHKDVEHHQLQYHVWLJDWHGIROORZLQJWKHJXLGDQFHJLYHQLQ5*
RUDMXVWLILHGDOWHUQDWLYHVXFKDV$16,$16 IRU
GHWHUPLQLQJWKHJHRORJLFDOHQJLQHHULQJDQGK\GURJHRORJLFDOFKDUDFWHULVWLFV
RIDSURVSHFWLYHIDFLOLW\VLWH
E 7KHVXEVXUIDFHVRLODQGURFNSURSHUWLHVDUHHVWLPDWHGIROORZLQJWKHJXLGDQFH
LQ5*7KHDSSOLFDWLRQFRQWDLQVVXIILFLHQWGDWDWRGHPRQVWUDWHWKDWWKH
VRLODQGURFNSURSHUWLHVXVHGLQWKHDQDO\VLVRIIRXQGDWLRQVIRUVHLVPLF
&DWHJRU\,VWUXFWXUHVDUHMXVWLILHG
F 7KHIRXQGDWLRQVRIVHLVPLF&DWHJRU\,VWUXFWXUHVKDYHDGHTXDWHEHDULQJ
FDSDFLW\DQGWKHSUHGLFWHGWRWDODQGGLIIHUHQWLDOVHWWOHPHQWVRIWKHIRXQGDWLRQV
DUHZLWKLQWKHGHVLJQOLPLWVRIWKHUHDFWRUV\VWHP,IPRUHWKDQRQHUHDFWRULV
SODFHGLQFORVHSUR[LPLW\WKHLQWHUDFWLRQVEHWZHHQWKHPVKRXOGEH
DGHTXDWHO\FRQVLGHUHGLQWKHVHWWOHPHQWDQDO\VLVLQFOXGLQJDQ\WLPHGHOD\LQ
DSSO\LQJPDMRUVWUXFWXUDOORDGRQWKHIRXQGDWLRQ
G 7KHDYDLODELOLW\RIVXIILFLHQWTXDQWLWLHVDQGDSSURSULDWHTXDOLWLHVRIEDFNILOODUH
FRQILUPHG7KHEDFNILOOZLOOEHFRPSDFWHGXVLQJDQDFFHSWDEOHSURFHGXUHDQG
DGHTXDWHTXDOLW\FRQWUROSURJUDPZRXOGEHH[HUFLVHG
H 7KHSRWHQWLDOIRUOLTXHIDFWLRQZDVLQYHVWLJDWHGXVLQJWKHJXLGDQFHLQ5*
RUDMXVWLILHGDOWHUQDWLYH DQGWKHIDFWRURIVDIHW\DJDLQVWOLTXHIDFWLRQ
SRWHQWLDOLVDFFHSWDEOH
6WDELOLW\RI6ORSHV
7KHDSSOLFDWLRQVKRXOGSUHVHQWLQIRUPDWLRQFRQFHUQLQJWKHVWDWLFDQGG\QDPLF
VWDELOLW\RIDOOQDWXUDODQGPDQPDGHHDUWKRUURFNVORSHV VXFKDVFXWVILOOV
HPEDQNPHQWVDQGGDPV IRUZKLFKIDLOXUHXQGHUDQ\RIWKHFRQGLWLRQVWRZKLFK
WKH\FRXOGEHH[SRVHGGXULQJWKHSURSRVHGOLIHRIWKHIDFLOLW\FRXOGDGYHUVHO\
DIIHFWWKHVDIHW\RIWKHQXFOHDUSRZHUSODQWIDFLOLWLHV$GLVFXVVLRQRIVLWH
FRQGLWLRQVJHRORJLFIHDWXUHVLQFOXGLQJZHDNVWUDWDDQGRUWKHMRLQWVLQWKHVRLORU
URFNOD\HUVDQGWKHHQJLQHHULQJSURSHUWLHVRIWKHPDWHULDOVFRPSULVLQJWKHVORSH
DQGLWVIRXQGDWLRQVKRXOGEHLQFOXGHG7KHHYDOXDWLRQVVKRXOGEHEDVHGRQ
FXUUHQWSUDFWLFHVVXFKDVWKRVHXVHGE\WKH86$UP\&RUSVRI(QJLQHHUV
(0³6ORSH6WDELOLW\'DQGXVHFRQVHUYDWLYHVRLODQGURFN
JHRPHWULFDQGPDWHULDOSURSHUWLHVDQGFRQVHUYDWLYHVDIHW\PDUJLQV8QFHUWDLQWLHV
LQGHILQLQJWKHERXQGDULHVEHWZHHQWKHVRLOURFNOD\HUVDQGWKHLUSURSHUWLHV
IDLOXUHVXUIDFHFRUUHVSRQGLQJWRWKHPLQLPXPIDFWRURIVDIHW\DQGWKHORFDWLRQRI
WKHZDWHUWDEOHVKRXOGEHDSSURSULDWHO\DFFRXQWHGIRU7KHUHVXOWVRIWKHVORSH
VWDELOLW\HYDOXDWLRQVVKRXOGEHSUHVHQWHG)RUWKHVWDELOLW\HYDOXDWLRQRI
PDQPDGHVORSHVVXPPDU\GDWDDQGDGLVFXVVLRQRIFRQVWUXFWLRQSURFHGXUHV
WHVWLQJDQGLQVWUXPHQWDWLRQPRQLWRULQJWRHQVXUHKLJKTXDOLW\HDUWKZRUNVKRXOG
EHLQFOXGHG:KHQHYHUSRVVLEOHFRPSDUDWLYHILHOGSHUIRUPDQFHRIVLPLODUVORSHV
VKRXOGEHGLVFXVVHG
$FFHSWDQFH&ULWHULD
D 7KHDSSOLFDWLRQGHVFULEHVWKHPHWKRGVXVHGIRUDQDO\]LQJWKHVORSHVWDELOLW\
DQGFRQILUPVWKDWDSSURSULDWHVRLODQGRUURFNSURSHUWLHVKDYHEHHQXVHGLQ
WKHDQDO\VLV7KHPHWKRGVXVHGWRDVVHVVWKHVWDELOLW\RIWKHVORSHDUH
FRPPHQVXUDWHZLWKWKHULVNDVVRFLDWHGZLWKWKHUHDFWRUW\SH
E 7KHDSSOLFDWLRQGHVFULEHVWKHVDIHW\PDUJLQVXVHGLQWKHDQDO\VLVDQG
FRQILUPVWKDWWKHVHPDUJLQVDUHFRQVLVWHQWZLWKVWDWHRIWKHDUWSUDFWLFH
F 7KHDSSOLFDWLRQGHVFULEHVWKHSHUIRUPDQFHRIVLPLODUVORSHGHVLJQVDQG
FRQILUPVWKHLUVWDELOLW\
6XPPDU\RI'HVLJQ%DVLV([WHUQDO+D]DUGV
%DVHGRQWKHUHVXOWVRIWKHVLWHFKDUDFWHUL]DWLRQGHVFULEHGLQWKLVFKDSWHUWKHGHVLJQ
EDVLVH[WHUQDOKD]DUGVLGHQWLILHGIRUWKHGHVLJQRIWKHSURSRVHGIDFLOLW\VKRXOGEH
VXPPDUL]HG7KHVHFRQVWLWXWHWKHGHVLJQEDVLVVHLVPLFHYHQWVDQGRWKHUH[WHUQDOHYHQWV
WKDWWKHVDIHW\UHODWHG66&VDUHUHTXLUHGWRZLWKVWDQGZLWKQRDGYHUVHLPSDFWRQWKHLU
FDSDELOLW\WRSHUIRUPWKHLU56)V:KHUHVXSSRUWHGE\DSUREDELOLVWLFKD]DUGVDQDO\VLV
WKHVHGHVLJQEDVLVH[WHUQDOHYHQWVVKRXOGEHLQFOXGHGLQWKH35$DIWHUWKHIHDWXUHV
GHVLJQHGWRZLWKVWDQGWKHVHKD]DUGVDUHGHILQHG([WHUQDOKD]DUGVQRWVXSSRUWHGE\D
SUREDELOLVWLFKD]DUGDQDO\VLVFDQEHGHWHUPLQHGXVLQJWUDGLWLRQDOGHWHUPLQLVWLFPHWKRGV
,03/(0(17$7,21
7KHVWDIIZLOOXVHWKHLQIRUPDWLRQGLVFXVVHGLQWKLV,6*WRGHWHUPLQHWKHIROORZLQJ
>,GHQWLI\KRZWKHLQIRUPDWLRQZLOOIDFLOLWDWHVWDIIUHYLHZRIOLFHQVHDPHQGPHQWVOLFHQVHUHQHZDO
DSSOLFDWLRQVHWF@
%$&.),77,1*$1',668(),1$/,7<',6&866,21
>2*&SURYLGHVWKLVGLVFXVVLRQEXWWKHVWDIIFDQSURSRVHWH[WIRU2*&FRQVLGHUDWLRQ@
([DPSOH7KH15&VWDIILVVXDQFHRIWKLV,6*LVQRWFRQVLGHUHGEDFNILWWLQJDVGHILQHGLQ
&)5 D QRULVLWGHHPHGWREHLQFRQIOLFWZLWKDQ\RIWKH LVVXHILQDOLW\SURYLVLRQVLQ
&)53DUW
&21*5(66,21$/5(9,(:$&7
>2*&SURYLGHVWKLVGLVFXVVLRQWRVXSSRUWLVVXDQFHRIWKHILQDO,6*+RZHYHUWKHVWDIIFDQ
SURSRVHWH[WIRU2*&FRQVLGHUDWLRQ@
([DPSOH7KLV,6*LVDUXOHDVGHILQHGLQWKH&RQJUHVVLRQDO5HYLHZ$FW 86&
+RZHYHUWKH2IILFHRI0DQDJHPHQWDQG%XGJHWKDVQRWIRXQGLWWREHDPDMRUUXOHDVGHILQHGLQ
WKH&RQJUHVVLRQDO5HYLHZ$FW
),1$/5(62/87,21
%\>LQVHUWGDWH@WKLVLQIRUPDWLRQZLOOEHWUDQVLWLRQHGLQWR>LGHQWLI\WKHDSSURSULDWHUHJXODWRU\
SURFHVV 6WDQGDUG5HYLHZ3ODQ 653 5HJXODWRU\*XLGH 5* @)ROORZLQJWKHWUDQVLWLRQRIWKLV
JXLGDQFHWRWKH>6535*@WKLV,6*ZLOOEHFORVHG
$33(1',;
$ 5HVROXWLRQRI3XEOLF&RPPHQWV
$33(1',;$
5HVROXWLRQRI3XEOLF&RPPHQWV
$QRWLFHRIRSSRUWXQLW\IRUSXEOLFFRPPHQWRQWKLV,QWHULP6WDII*XLGDQFH ,6* ZDVSXEOLVKHGLQ
WKHFederal Register insert FR Citation #)RQ>GDWH@IRUDGD\FRPPHQWSHULRG>,QVHUW
QXPEHURIFRPPHQWHUV@SURYLGHGFRPPHQWVZKLFKZHUHFRQVLGHUHGEHIRUHLVVXDQFHRIWKLV,6*
LQILQDOIRUP
&RPPHQWVRQWKLV,6*DUHDYDLODEOHHOHFWURQLFDOO\DWWKH15& VHOHFWURQLF5HDGLQJ5RRPDW
KWWSZZZQUFJRYUHDGLQJUPDGDPVKWPO)URPWKLVSDJHWKHSXEOLFFDQJDLQHQWU\LQWR
$'$06ZKLFKSURYLGHVWH[WDQGLPDJHILOHVRI15& VSXEOLFGRFXPHQWV&RPPHQWVZHUH
UHFHLYHGIURPWKHIROORZLQJLQGLYLGXDOVRUJURXSV
/HWWHU
1R $'$061R &RPPHQWHU$IILOLDWLRQ &RPPHQWHU1DPH $EEUHYLDWLRQ
7KHFRPPHQWVDQGWKHVWDIIUHVSRQVHVDUHSURYLGHGEHORZ
&RPPHQW>(DFKFRPPHQWVXPPDU\PXVWFOHDUO\LGHQWLI\WKHHQWLW\WKDWVXEPLWWHGWKH
FRPPHQWDQGWKHFRPPHQWLWVHOI@
15&5HVSRQVH&RPPHQWUHVSRQVHVVKRXOGEHJLQZLWKDGLUHFWVWDWHPHQWRIWKH15&VWDII¶V
SRVLWLRQRQDFRPPHQWHJ³WKH15&VWDIIDJUHHVZLWKWKHFRPPHQW'RUWKH³15&VWDII
GLVDJUHHVZLWKWKHFRPPHQW'
- ,IWKH15&VWDIIDJUHHVH[SODLQZK\DQGSURYLGHDFOHDUVWDWHPHQWDVWRKRZWKHUHOHYDQW
ODQJXDJHZDVUHYLVHGRUVXSSOHPHQWHGWRDGGUHVVWKHFRPPHQW,QFOXGHWKHIROORZLQJ
ODQJXDJHDWWKHHQGRIWKHFRPPHQWUHVSRQVH³7KHILQDO,6*ZDVFKDQJHGE\<describe the change; if necessary by quoting the newly revised language>'
- ,IWKH15&GLVDJUHHVZLWKDFRPPHQWDQGQRFKDQJHZDVPDGHWRWKHJHQHULF
FRPPXQLFDWLRQWKHQH[SODLQZK\DQGSURYLGHWKHIROORZLQJODQJXDJHDWWKHHQGRIWKH
FRPPHQWUHVSRQVH³1RFKDQJHZDVPDGHWRWKHILQDO,6*DVDUHVXOWRIWKLVFRPPHQW'
$33(1',;%
5HIHUHQFHV