Loading...
DRAFT CC Packet 2023.09.05 Public Portal $*(1'$ 35$779,//(&,7<&281&,/ 78(6'$<6(37(0%(5  $3/('*(2)$//(*,$1&(727+($0(5,&$1)/$*  ,192&$7,21  &$//7225'(5  7+(&+$5$&7(575$,72)7+(0217+,6$9$,/$%,/,7<Willingness to change my schedule and priorities to meet a need.  $33529$/2)0,187(63XEOLF+HDULQJDQG&LW\&RXQFLO0HHWLQJ$XJXVW  &200(176)5203(5621635(6(175(*$5',1*721,*+7¶6$*(1'$  0$<25¶65(3257  5(3257)520&281&,/2163(&,$/&200,77((6  &216(17$*(1'$  5(62/87,217R$XWKRUL]HWKH0D\RUWRKDYH2YHUJURZQ*UDVVDQG:HHGVDW *DGGLV$YHQXH%HQW7UHH&RXUWDQG&OXEYLHZ'ULYH$EDWHGDQG&KDUJH$Q\,QFXUUHG ([SHQVHVIRUWKH$EDWHPHQW3URFHVV3XUVXDQWWR&KDSWHUet seq&LW\RI3UDWWYLOOH&RGHRI 2UGLQDQFHV^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R'HFODUHWKH'LODSLGDWHG6WUXFWXUHVDW:DVKLQJWRQ)HUU\5RDGWR%H 8QVDIHDQGD3XEOLF1XLVDQFH^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R$XWKRUL]HWKH&LW\$WWRUQH\WR)LOH³:HHG/LHQV´RQ&HUWDLQ3URSHUWLHV ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R6HWD3XEOLF+HDULQJWR'HFODUHWKH$EXQGDQFHRI2YHUJURZQ*UDVVDQG :HHGVDW$EQH\'ULYH6XPPHUKLOO5RDGDQG.LQJVZRRG'ULYHWREH8QVDIHDQG D3XEOLF1XLVDQFHDQG2UGHU7KHLU$EDWHPHQW3XUVXDQWWR&KDSWHUet seq.&LW\RI3UDWWYLOOH &RGHRI2UGLQDQFHV^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R*UDQW3HUPLVVLRQWR6RYHUHLJQ*UDFH&KXUFKWR&ROOHFWD3DUNLQJ)HH DWWKH*URYHIRUWKH3UDWWYLOOH+LJK6FKRRO)RRWEDOO6HDVRQ^6SRQVRUHG%\&RXQFLO 3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R$XWKRUL]HWKH&LW\$WWRUQH\WR$IIL[WKH&RVWIRUWKH5HPRYDORI*DUEDJH DQG5XEELVKDW&DPHOOLD'ULYH^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R$XWKRUL]HWKH&LW\$WWRUQH\WR$IIL[WKH&RVWIRUWKH5HPRYDORI6WDJQDQW :DWHUDQG*DUEDJHDQG5XEELVKDW7DUD'ULYH^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR 7HPSRUH6WULFKLN`  5(62/87,217R$XWKRUL]HWKH&LW\$WWRUQH\WR$IIL[WKH&RVWIRUWKH5HPRYDORI6WDJQDQW :DWHUDW%URRNZRRG'ULYH^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R6HWD3XEOLF+HDULQJIRUD5HWDLO%HHU2QDQG2II3UHPLVHVDQGD5HWDLO 7DEOH:LQH2QDQG2II3UHPLVHV/LFHQVHIRU-L\D,QF'%$(DJOH&LJDUVDQG7REDFFR ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R'HVLJQDWH/HJDO+ROLGD\VIRUWKH&LW\RI3UDWWYLOOHIRU)LVFDO<HDU ^6SRQVRUHG%\&RXQFLORU&KDPEHUV`       $*(1'$  5(62/87,217R$GRSWWKH&LW\RI3UDWWYLOOH)<*HQHUDO2SHUDWLQJ)XQG*DV 7D[6SHFLDO5HYHQXH)XQG'HEW6HUYLFH)XQG&DSLWDO3URMHFWV)XQG6DQLWDWLRQ(QWHUSULVH )XQG:DVWHZDWHU(QWHUSULVH)XQGDQG-XGLFLDO6SHFLDO5HYHQXH)XQG%XGJHWV^6SRQVRUHG %\&RXQFLO3UHVLGHQW%RRQH`  5(62/87,217R$XWKRUL]HWKH0D\RUWR(QWHULQWRDQ$JUHHPHQWZLWK$ODEDPD3RZHUIRU /LJKWLQJ ,PSURYHPHQWV DURXQG 6WDQOH\ -HQVHQ 6WDGLXPand Pratt Park DW D 7RWDO &RVW1RWWR([FHHG ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R$PHQGWKH%XGJHWDQG$XWKRUL]HWKH5HOHDVHRI)XQGVWR3HUIRUP7XUQ /DQH,PSURYHPHQWVRQ2OG)DUP/DQHWR&RQVWUXFWLRQ6HUYLFHV//&IRUWKH(QJLQHHULQJ 'HSDUWPHQWDWD&RVW1RWWR([FHHG^6SRQVRUHG%\&RXQFLORU-DFNVRQ`  5(62/87,217R$PHQGWKH%XGJHWDQG$ZDUG%LG1RWR%XVLQHVV6HUYLFHV  &RQVXOWDQWV ,QF IRU 6FDQQLQJ &RQYHUVLRQ 6HUYLFHV IRU WKH -XGLFLDO 'HSDUWPHQW DW DQ (VWLPDWHG&RVWRI^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  5(62/87,217R$XWKRUL]H'HPROLWLRQDQG5HPRYDORIWKH'LODSLGDWHG6WUXFWXUH/RFDWHG DW'RVWHU6WUHHWDQGWR$ZDUGD&RQWUDFWWR&UDLJ5LFKDUGVRQDWD&RVW1RWWR([FHHG ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`   5(62/87,21 7R $XWKRUL]H WKH 0D\RU WR 6LJQ &RQWUDFWV IRU 6HUYLFHV IRU &RPPXQLW\ ,QLWLDWLYHV&LW\&RXQW\6HUYLFHVWKH$XWDXJD&RXQW\(PHUJHQF\&RPPXQLFDWLRQ'LVWULFW (  %XWWHUIO\%ULGJHV&KLOGUHQ¶V$GYRFDF\&HQWHU,QFDQG&HQWUDO$ODEDPD&ULPH6WRSSHUV DV$OORFDWHGLQWKH)<%XGJHW^6SRQVRUHG%\&RXQFLO3UHVLGHQW%RRQH`  5(62/87,217R$XWKRUL]HWKH0D\RUWR6LJQD&RQWUDFWIRU6HUYLFHVZLWKWKH$XWDXJD 3UDWWYLOOH3XEOLF/LEUDU\IRU)XQGLQJDV$OORFDWHGLQWKH)<%XGJHW^6SRQVRUHG%\ &RXQFLORU&KDPEHUV`  5(62/87,217R$XWKRUL]HWKH0D\RUWR6LJQDQ$GGHQGXPWRWKH$JUHHPHQWZLWKWKH $XWDXJD &RXQW\ %RDUG RI (GXFDWLRQ IRU 8VH RI 6WDQOH\ -HQVHQ 6WDGLXP ^6SRQVRUHG %\ &RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`  &200(176)5203(5621635(6(17  &/26,1*&200(176  $'-2851                       7KHQH[W&LW\&RXQFLOPHHWLQJLVVFKHGXOHGIRU7XHVGD\6HSWHPEHU   5(62/87,21ϭ Ϯ >7R$XWKRUL]HWKH0D\RUWRKDYH2YHUJURZQ*UDVVDQG:HHGVDW*DGGLV$YHQXHϯ %HQW7UHH&RXUWDQG&OXEYLHZ'ULYH$EDWHGDQG&KDUJH$Q\,QFXUUHG([SHQVHVIRUWKHϰ $EDWHPHQW3URFHVV3XUVXDQWWR&KDSWHUet seq&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHV@ϱ ϲ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϳ ϴ :+(5($6WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHGHFODUHGLQ5HVROXWLRQ%RRNϵ ϭϬ $3DJHWKDWWKHDEXQGDQFHRIRYHUJURZQJUDVVDQGZHHGVDW*DGGLV$YHQXHϭϭ ϭϮ %HQW7UHH&RXUWDQG&OXEYLHZ'ULYHFRQVWLWXWHGDSXEOLFQXLVDQFHDQGVHWD3XEOLF+HDULQJϭϯ ϭϰ RQVDLGQXLVDQFHDQGϭϱ ϭϲ  :+(5($6WKH$XWDXJD&RXQW\WD[UHFRUGVOLVWWKHSURSHUW\RZQHUVDVIROORZVϭϳ ϭϴ x*DGGLV$YHQXH±+HSEXUQ5RQDOGDQG'L[LHZLWKDQDGGUHVVRI*DGGLVϭϵ $YHQXHWR3DUFHO1XPEHUϮϬ x%HQW7UHH&RXUW0RRUH(IILH/ZLWKDQDGGUHVVRI%HQW7UHH&RXUW3UDWWYLOOHϮϭ $/WR3DUFHO1XPEHUϮϮ x&OXEYLHZ'ULYH2PHJD5HVLGHQWLDO+ROGLQJV9,,,//&ZLWKDQDGGUHVVRIϮϯ 9DOOH\GDOH5RDG6XLWH%LUPLQJKDP$/WR3DUFHO1XPEHUϮϰ DQGϮϱ Ϯϲ  :+(5($6QRWLFHZDVSURYLGHGWRFRUUHFWUHPHG\RUUHPRYHWKHRYHUJURZQJUDVVDQGϮϳ Ϯϴ ZHHGVDQGϮϵ ϯϬ  :+(5($6WKHRZQHUVRIVDLGSURSHUWLHVKDYHIDLOHGDQGRUUHIXVHGWRFRUUHFWUHPHG\ϯϭ ϯϮ RUUHPRYHVDLGQXLVDQFHE\WKHH[SLUDWLRQRIVDLGQRWLFHDQGϯϯ ϯϰ :+(5($6WKHRZQHUVRIVDLGSURSHUWLHVGLGQRWILOHZULWWHQREMHFWLRQVZLWKWKH&LW\ϯϱ ϯϲ &OHUN¶V2IILFHZLWKLQWKHWLPHSUHVFULEHGE\&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHV6HFWLRQϯϳ ϯϴ  F DQGϯϵ ϰϬ :+(5($6WKH&LW\&RXQFLOKHOGWKHUHTXLUHG3XEOLF+HDULQJDWSPRQϰϭ ϰϮ 6HSWHPEHUSHUPLWWLQJWKHRZQHUVRIVDLGSURSHUWLHVWRSUHVHQWHYLGHQFHREMHFWLRQVϰϯ ϰϰ DQGSURWHVWUHJDUGLQJVDLGQXLVDQFHDQGϰϱ ϰϲ :+(5($6&KDSWHUet seq.&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHVDXWKRUL]HVWKHϰϳ ϰϴ &LW\WRGRVXFKZRUNRUPDNHVXFKLPSURYHPHQWVWKDWDUHQHFHVVDU\WRFRUUHFWUHPHG\RUϰϵ ϱϬ UHPRYHVXFKFRQGLWLRQSD\WKHUHIRUHDQGFKDUJHDQ\H[SHQVHVLQFXUUHGIRUWKHDEDWHPHQWϱϭ ϱϮ SURFHVVWRWKHRZQHUVRIVXFKSURSHUWLHVϱϯ ϱϰ 12:7+(5()25(%(,75(62/9('WKDWWKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHϱϱ ϱϲ GHFODUHVWKDWWKHRYHUJURZQJUDVVDQGZHHGVDWVDLGSURSHUWLHVFRQWLQXHGWREHDϱϳ ϱϴ SXEOLFQXLVDQFHDWWKHH[SLUDWLRQRIWKHQRWLFHRIYLRODWLRQϱϵ ϲϬ %(,7)857+(55(62/9('WKDWWKH0D\RUVKDOOKDYHWKHRYHUJURZQJUDVVDQGZHHGVϲϭ ϲϮ DWVDLGSURSHUWLHVUHPRYHGXVLQJ&LW\IRUFHVRUSULYDWHFRQWUDFWRUV7KHSURSHUW\RZQHUVVKDOOϲϯ ϲϰ   KDYHWKHULJKWWRUHPRYHVDLGQXLVDQFHDWWKHLUH[SHQVHSURYLGHGWKDWWKHUHPRYDOLVGRQHϭ Ϯ SULRUWRWKHFRPPHQFHPHQWRIZRUNE\HPSOR\HHVRUDJHQWVRIWKH&LW\RI3UDWWYLOOHKRZHYHUϯ ϰ WKLVGRHVQRWDEROLVKLQFXUUHGILQHVDQGH[SHQVHVϱ ϲ %(,7)857+(55(62/9('WKH0D\RUVKDOONHHSDQDFFRXQWLQJRIDOOFRVWVUHODWHGϳ ϴ WRWKLVUHTXHVWDQGUHSRUWVXFKFRVWVWRWKH&LW\&RXQFLOIROORZLQJLWVDEDWHPHQWϵ ϭϬ $'237('7+,67+'$<2)6(37(0%(5ϭϭ ϭϮ ϭϯ ϭϰ %\ /RUD/HH%RRQH3UHVLGHQWϭϱ 3UDWWYLOOH&LW\&RXQFLOϭϲ ϭϳ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϭϴ ϭϵ ϮϬ Ϯϭ %\ 3DXOD*%DUORZϮϮ &LW\&OHUNϮϯ Ϯϰ $33529('Ϯϱ Ϯϲ Ϯϳ Ϯϴ %\ %LOO*LOOHVSLH-U Ϯϵ 0D\RUϯϬ ϯϭ ϯϮ ϯϯ ϯϰ ϯϱ ϯϲ ϯϳ ϯϴ ϯϵ ϰϬ ϰϭ ϰϮ ϰϯ ϰϰ ϰϱ ϰϲ ϰϳ ϰϴ ϰϵ ϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBBBϲϰ   5(62/87,21ϭ Ϯ >7R'HFODUHWKH'LODSLGDWHG6WUXFWXUHVDW:DVKLQJWRQ)HUU\5RDGWR%H8QVDIHDQGDϯ 3XEOLF1XLVDQFH@ϰ ϱ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϲ ϳ :+(5($6XQGHUWKHDXWKRULW\RI7LWOH&KDSWHU%Code of AlabamaDVϴ ϵ DPHQGHGRQ-XQHWKH&LW\RI3UDWWYLOOH&KLHI%XLOGLQJ2IILFLDOGHFODUHGWKHGLODSLGDWHGϭϬ ϭϭ VWUXFWXUHVDW:DVKLQJWRQ)HUU\5RDG 7D[3DUFHO WREHXQVDIHϭϮ ϭϯ VWUXFWXUHVDQGϭϰ ϭϱ :+(5($6RQ-XQHWKH&LW\RI3UDWWYLOOH&RGH(QIRUFHPHQW2IILFHUVHQWϭϲ ϭϳ QRWLFHRUGHULQJWKHUHSDLURUGHPROLWLRQRIWKHGLODSLGDWHGVWUXFWXUHVDW:DVKLQJWRQ)HUU\ϭϴ ϭϵ 5RDGZLWKLQGD\VRIVDLGQRWLFHDQGϮϬ Ϯϭ :+(5($6VDLGQRWLFHZDVGHOLYHUHGE\FHUWLILHGPDLOLQDFFRUGDQFHZLWK†%ϮϮ Ϯϯ Code of AlabamaDVDPHQGHGDQGϮϰ Ϯϱ :+(5($67LWOH&KDSWHU%DOORZVWKHSURSHUW\RZQHURURWKHULQWHUHVWHGSDUWLHVϮϲ Ϯϳ WRILOHDZULWWHQDSSHDOZLWKLQWKLUW\  GD\VRIWKHGDWHRIQRWLFHZLWKWKH&LW\&OHUNUHTXHVWLQJϮϴ Ϯϵ DKHDULQJEHIRUHWKH&LW\&RXQFLODQGϯϬ ϯϭ :+(5($6QRKHDULQJZDVUHTXHVWHGZLWKLQWKLUW\  GD\VRIWKHGDWHRIQRWLFHDQGϯϮ ϯϯ :+(5($6†%Code of AlabamaDVDPHQGHGDXWKRUL]HVWKH&LW\ϯϰ ϯϱ &RXQFLORIWKH&LW\RI3UDWWYLOOHWRGHWHUPLQHZKHWKHURUQRWDEXLOGLQJRUVWUXFWXUHLVXQVDIHWRϯϲ ϯϳ WKHH[WHQWWKDWLWLVDSXEOLFQXLVDQFHDQGϯϴ ϯϵ :+(5($6QRUHSDLUVKDYHEHHQPDGHWRWKHGLODSLGDWHGVWUXFWXUHVORFDWHGDWϰϬ ϰϭ :DVKLQJWRQ)HUU\5RDGDQGWKHVWUXFWXUHVUHPDLQVXQVDIHDQGDSXEOLFQXLVDQFHϰϮ ϰϯ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϰϰ ϰϱ WKHGLODSLGDWHGVWUXFWXUHVORFDWHGDW:DVKLQJWRQ)HUU\5RDGFRQWLQXHWREHXQVDIHDQGϰϲ ϰϳ DSXEOLFQXLVDQFHWKDWPXVWEHUHSDLUHGRUGHPROLVKHGϰϴ ϰϵ %(,7)857+(55(62/9('WKDWWKH&LW\&RXQFLOLQVWUXFWVWKH&RGH(QIRUFHPHQWϱϬ ϱϭ 2IILFHUWRSURYLGHDUHSRUWRIWKHFRVWWRUHSDLURUGHPROLVKWKHGLODSLGDWHGVWUXFWXUHVORFDWHGDWϱϮ ϱϯ :DVKLQJWRQ)HUU\5RDGWRWKH&LW\&RXQFLOϱϰ ϱϱ $'237('7+,67+'$<2)6(37(0%(5ϱϲ ϱϳ ϱϴ ϱϵ %\ /RUD/HH%RRQH3UHVLGHQWϲϬ 3UDWWYLOOH&LW\&RXQFLOϲϭ ϲϮ ϲϯ ϲϰ   $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϭ Ϯ ϯ ϰ %\ 3DXOD*%DUORZϱ &LW\&OHUNϲ ϳ $33529('ϴ ϵ ϭϬ ϭϭ %\ %LOO*LOOHVSLH-U ϭϮ 0D\RUϭϯ ϭϰ ϭϱ ϭϲ ϭϳ ϭϴ ϭϵ ϮϬ Ϯϭ ϮϮ Ϯϯ Ϯϰ Ϯϱ Ϯϲ Ϯϳ Ϯϴ Ϯϵ ϯϬ ϯϭ ϯϮ ϯϯ ϯϰ ϯϱ ϯϲ ϯϳ ϯϴ ϯϵ ϰϬ ϰϭ ϰϮ ϰϯ ϰϰ ϰϱ ϰϲ ϰϳ ϰϴ ϰϵ ϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBBBϲϰ   5(62/87,21ϭ Ϯ >7R$XWKRUL]HWKH&LW\$WWRUQH\WR)LOH³:HHG/LHQV´RQ&HUWDLQ3URSHUWLHV@ϯ ϰ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϱ ϲ :+(5($6†WKURXJK†Code of Alabama, DVDPHQGHGϳ ϴ GHWDLOVWKHSURFHVVIRUGHFODULQJFHUWDLQZHHGHGORWVDSXEOLFQXLVDQFHRUGHULQJWKHLUϵ ϭϬ DEDWHPHQWDQGDVVHVVLQJWKHFRVWVRIDEDWHPHQWDQGϭϭ ϭϮ :+(5($6WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHILQGVWKDWϭϯ ϭϰ  WKH3UDWWYLOOH3ROLFH'HSDUWPHQW&RGH(QIRUFHPHQW2IILFHULGHQWLILHGVHYHUDOORWVDVϭϱ EHLQJDSXEOLFQXLVDQFHGXHWRDQDEXQGDQFHRIRYHUJURZQJUDVVDQGZHHGVDQGϭϲ  WKHRZQHUVRIYDULRXVZHHGHGORWVZHUHSURSHUO\QRWLILHGRIWKHSXEOLFQXLVDQFHDVϭϳ UHTXLUHGE\†Code of Alabama, DVDPHQGHGDQGϭϴ  SXEOLFKHDULQJVFRQFHUQLQJWKHORWVZHUHFRQGXFWHGDVUHTXLUHGE\†Code of ϭϵ Alabama, DVDPHQGHGDQGϮϬ  WKH&LW\&RXQFLODGRSWHGUHVROXWLRQVDXWKRUL]LQJWKH0D\RUWRDEDWHWKHSXEOLFQXLVDQFHVϮϭ ϮϮ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϮϯ Ϯϰ WKHFRVWVRIDEDWLQJWKHVHQXLVDQFHVDVOLVWHGLQ³$WWDFKPHQW$´DUHKHUHE\DGRSWHGDQGϮϱ Ϯϲ LQFRUSRUDWHGKHUHLQDQGWKHFRVWVWKHUHRIVKDOOEHDVVHVVHGDJDLQVWWKHUHVSHFWLYHSDUFHOVRIϮϳ Ϯϴ SURSHUW\Ϯϵ ϯϬ %(,7)857+(55(62/9('WKDWWKH&LW\$WWRUQH\VKDOOILOHVDLGOLHQVZLWKWKH5HYHQXHϯϭ ϯϮ &RPPLVVLRQHURI$XWDXJD&RXQW\XQGHUWKH³2SWLRQDO0HWKRGRI7D[DWLRQ´SXUVXDQWWR$UWLFOHϯϯ ϯϰ 'LYLVLRQ&KDSWHURI7LWOHRIWKHCode of AlabamaDVDPHQGHGϯϱ ϯϲ $'237('7+,67+'$<2)6(37(0%(5ϯϳ ϯϴ ϯϵ ϰϬ %\ /RUD/HH%RRQH3UHVLGHQWϰϭ 3UDWWYLOOH&LW\&RXQFLOϰϮ ϰϯ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϰϰ ϰϱ ϰϲ ϰϳ %\ 3DXOD*%DUORZϰϴ  &LW\&OHUNϰϵ ϱϬ $33529('ϱϭ ϱϮ ϱϯ ϱϰ %\ %LOO*LOOHVSLH-U ϱϱ 0D\RUϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBBBϲϰ   5(62/87,21ϭ Ϯ >7R6HWD3XEOLF+HDULQJWR'HFODUHWKH$EXQGDQFHRI2YHUJURZQ*UDVVDQG:HHGVDWϯ $EQH\'ULYH6XPPHUKLOO5RDGDQG.LQJVZRRG'ULYHWREH8QVDIHDQGD3XEOLFϰ 1XLVDQFHDQG2UGHU7KHLU$EDWHPHQW3XUVXDQWWR&KDSWHUet seq.&LW\RI3UDWWYLOOH&RGHϱ RI2UGLQDQFHV@ϲ ϳ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϴ ϵ :+(5($6DQDEXQGDQFHRIRYHUJURZQJUDVVDQGZHHGVϭϬ ϭϭ  LVLQMXULRXVWRWKHSXEOLFKHDOWKVDIHW\DQGJHQHUDOZHOIDUHRIWKHFRPPXQLW\E\SURYLGLQJDϭϮ EUHHGLQJJURXQGDQGVKHOWHUIRUUDWVPLFHVQDNHVDQGPRVTXLWRHVDQGRWKHUYHUPLQϭϯ  PD\FDXVHWKHIXUWKHUVSUHDGRIZHHGVϭϰ  PD\KLGHGHEULVVXFKDVJODVVRUPHWDOWKDWFRXOGLQIOLFWLQMXU\RQDSHUVRQJRLQJWRVXFKϭϱ SURSHUW\ϭϲ  PD\DOVRSRVHDILUHKD]DUGDQGUHVSLUDWRU\KD]DUGDQGϭϳ ϭϴ  :+(5($6WKH3UDWWYLOOH3ROLFH'HSDUWPHQW&RGH(QIRUFHPHQW2IILFHUKDVLQVSHFWHGϭϵ ϮϬ WKHSURSHUWLHVDQGGHWHUPLQHGWKHH[LVWHQFHRIDQDEXQGDQFHRIRYHUJURZQJUDVVDQGZHHGVϮϭ ϮϮ DW$EQH\'ULYH6XPPHUKLOO5RDGDQG.LQJZRRG'ULYHDQGϮϯ Ϯϰ :+(5($6WKH$XWDXJD&RXQW\WD[UHFRUGVOLVWWKHSURSHUW\RZQHU V DVIROORZVϮϱ Ϯϲ x$EQH\'ULYH2¶&RQQHOO(O]RUD3ZLWKDQDGGUHVVRI$EQH\'ULYH3UDWWYLOOHϮϳ WR3DUFHO1XPEHUDQGϮϴ x6XPPHUKLOO5RDG7/,QYHVWPHQWZLWKDQDGGUHVVRI$O+Z\0DSOHVYLOOHϮϵ $/WR3DUFHOQXPEHUϯϬ x.LQJVZRRG'ULYH%UXPHWW+RZDUG'DQG7DQ\D0ZLWKDQDGGUHVVRIϯϭ .LQJVZRRG'ULYH3UDWWYLOOH$/WR3DUFHO1XPEHUDQGϯϮ ϯϯ :+(5($6LQFRPSOLDQFHZLWK6HFWLRQ&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHVWKHϯϰ ϯϱ &RGH(QIRUFHPHQW2IILFHUJDYHZULWWHQQRWLFHWRWKHRZQHU V RIVDLGSURSHUWLHVRQ-XO\ϯϲ ϯϳ -XO\DQG$XJXVWUHVSHFWLYHO\WRFRUUHFWUHPHG\RUUHPRYHWKHϯϴ ϯϵ DEXQGDQFHRIRYHUJURZQJUDVVDQGZHHGVZLWKLQWHQ  GD\VDQGϰϬ ϰϭ  :+(5($6WKHRZQHU V RIVDLGSURSHUWLHGKDYHIDLOHGDQGRUUHIXVHGWRFRUUHFWϰϮ ϰϯ UHPHG\RUUHPRYHVDLGFRQGLWLRQE\WKHH[SLUDWLRQRIVDLGQRWLFHDQGϰϰ ϰϱ  :+(5($6&KDSWHUet seq&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHVSHUPLWVWKH&LW\ϰϲ ϰϳ &RXQFLOWRGHFODUHWKHDEXQGDQFHRIRYHUJURZQJUDVVDQGZHHGVWREHDSXEOLFQXLVDQFHDQGϰϴ ϰϵ DEDWHWKHVDPHDQGϱϬ ϱϭ :+(5($6SXUVXDQWWR6HFWLRQ H &LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHVϱϮ ϱϯ GHFODULQJWKHDEXQGDQFHRIRYHUJURZQJUDVVDQGZHHGVWREHDSXEOLFQXLVDQFHDQGRUGHULQJϱϰ ϱϱ WKHLUDEDWHPHQWE\WKH&LW\&RXQFLOLQLWLDWHVDILQHIRUWKHILUVWYLRODWLRQDQGGHVLJQDWLRQRQWKHϱϲ ϱϳ UHSHDWRIIHQGHUUHJLVWU\ϱϴ ϱϵ 12:7+(5()25(%(,75(62/9('7+$7ϲϬ ϲϭ  WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHGHFODUHVWKHDEXQGDQFHRIRYHUJURZQJUDVVDQGϲϮ ZHHGVDWVDLGSURSHUWLHVWREHDSXEOLFQXLVDQFHDQGKDVWKHUHIRUHLQLWLDWHGWKHDEDWHPHQWϲϯ SURFHVVDQGϲϰ    WKHRZQHU V RIVDLGSURSHUWLHVDUHRUGHUHGWRDEDWHVDLGQXLVDQFHDQGDSSHDUEHIRUHWKHϭ &LW\&RXQFLODWD3XEOLF+HDULQJDWSPRQ2FWREHUDW3UDWWYLOOH&LW\+DOODQGϮ  DQ\REMHFWLRQVPD\EHILOHGLQZULWLQJWRWKH&LW\&OHUNDWOHDVWILYH  GD\VSULRUWRWKHϯ 3XEOLF+HDULQJDQGϰ  WKHILQHRIVKDOOEHDVVHVVHGWRWKHRZQHU V RIVDLGSURSHUWLHVLQDGGLWLRQWRDQ\ϱ FRVWVLQFXUUHGIRUWKHDEDWHPHQWSURFHVVDQGϲ  VDLGSURSHUWLHVVKDOOEHSODFHGRQWKHUHSHDWRIIHQGHUUHJLVWU\IRUDSHULRGRIWKUHH  \HDUVϳ DQGϴ  WKH QRWLFH RI 3XEOLF +HDULQJ RQ WKH PDWWHU DV UHTXLUHG E\ ODZ ZLOO EH SURYLGHG LQ Dϵ SXEOLFDWLRQRIJHQHUDOFLUFXODWLRQE\FHUWLILHGPDLODQGE\VLJQDJHRQWKHVXEMHFWSURSHUW\ϭϬ ϭϭ $'237('7+,67+'$<2)6(37(0%(5ϭϮ ϭϯ ϭϰ ϭϱ %\ /RUD/HH%RRQH3UHVLGHQWϭϲ 3UDWWYLOOH&LW\&RXQFLOϭϳ ϭϴ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϭϵ ϮϬ Ϯϭ ϮϮ %\ 3DXOD*%DUORZϮϯ &LW\&OHUNϮϰ Ϯϱ $33529('Ϯϲ Ϯϳ Ϯϴ Ϯϵ %\ %LOO*LOOHVSLH-U ϯϬ 0D\RUϯϭ ϯϮ ϯϯ ϯϰ ϯϱ ϯϲ ϯϳ ϯϴ ϯϵ ϰϬ ϰϭ ϰϮ ϰϯ ϰϰ ϰϱ ϰϲ ϰϳ ϰϴ ϰϵ ϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBBBϲϰ   5(62/87,21ϭ Ϯ >7R*UDQW3HUPLVVLRQWR6RYHUHLJQ*UDFH&KXUFKWR&ROOHFWD3DUNLQJ)HHDWWKH*URYHIRUϯ WKH3UDWWYLOOH+LJK6FKRRO)RRWEDOO6HDVRQ@ϰ ϱ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϲ ϳ :+(5($66RYHUHLJQ*UDFH&KXUFKKDVSURSHUW\ORFDWHGDW:DWHU6WUHHWDQGKDVϴ ϵ DGYLVHGWKH\ZLOOFKDUJHIRUSDUNLQJLQWKHLUORWGXULQJWKH3UDWWYLOOH+LJK6FKRROIRRWEDOOϭϬ ϭϭ VHDVRQDQGϭϮ ϭϯ :+(5($66RYHUHLJQ*UDFH&KXUFK¶VSURSHUW\LVORFDWHGDGMDFHQWWRWKH&LW\RIϭϰ ϭϱ 3UDWWYLOOH¶V*URYHDQGϭϲ ϭϳ :+(5($66RYHUHLJQ*UDFH&KXUFKKDVUHTXHVWHGSHUPLVVLRQWRFKDUJHDSHUϭϴ ϭϵ YHKLFOHSDUNLQJIHHWRPDQDJHWKHSDUNLQJDWWKH*URYHGXULQJWKH3UDWWYLOOH+LJK6FKRROϮϬ Ϯϭ IRRWEDOOVHDVRQϮϮ Ϯϯ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϮϰ Ϯϱ SHUPLVVLRQLVKHUHE\JUDQWHGWR6RYHUHLJQ*UDFH&KXUFKWRPDQDJHWKHSDUNLQJDQGFROOHFWϮϲ Ϯϳ SDUNLQJIHHVDWWKH*URYHIRUWKH3UDWWYLOOH+LJK6FKRROIRRWEDOOVHDVRQϮϴ Ϯϵ %(,7)857+(55(62/9('WKDW6RYHUHLJQ*UDFH&KXUFKPDNHDYDLODEOHDQϯϬ ϯϭ DFFRXQWLQJRIDOOSDUNLQJIHHVFROOHFWHGDQGUHSRUWVXFKDPRXQWVWRWKH&LW\&RXQFLOXSRQϯϮ ϯϯ UHTXHVWϯϰ ϯϱ $'237('7+,67+'$<2)6(37(0%(5ϯϲ ϯϳ ϯϴ ϯϵ %\ /RUD/HH%RRQH3UHVLGHQWϰϬ  3UDWWYLOOH&LW\&RXQFLOϰϭ ϰϮ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϰϯ ϰϰ ϰϱ ϰϲ %\ 3DXOD*%DUORZϰϳ  &LW\&OHUNϰϴ ϰϵ $33529('ϱϬ ϱϭ ϱϮ ϱϯ %\ %LOO*LOOHVSLH-Uϱϰ  0D\RUϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(  ϲϰ   5(62/87,21ϭ Ϯ >7R$XWKRUL]HWKH&LW\$WWRUQH\WR$IIL[WKH&RVWIRUWKH5HPRYDORI*DUEDJHDQG5XEELVKDWϯ &DPHOOLD'ULYH@ϰ ϱ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϲ ϳ :+(5($6†HW6HTRIWKHCode of AlabamaDVDPHQGHGSHUPLWVWKHϴ ϵ &LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWRGHFODUHDSXEOLFQXLVDQFHDQGKDYHWKHYLRODWLRQUHVROYHGϭϬ ϭϭ DQGϭϮ ϭϯ :+(5($6LQ5HVROXWLRQ%RRN$3DJHRQ-XO\WKH&LW\&RXQFLORIϭϰ ϭϱ WKH&LW\RI3UDWWYLOOHGHFODUHGWKHJDUEDJHDQGUXEELVKDW&DPHOOLD'ULYHFRQWLQXHGWREHDϭϲ ϭϳ SXEOLFQXLVDQFHDQGϭϴ ϭϵ :+(5($6WKH$XWDXJD&RXQW\WD[UHFRUGVOLVWWKHSURSHUW\RZQHUDV1LFKROV&KDGϮϬ Ϯϭ 'DYLGZLWKDQDGGUHVVRI&DPHOOLD'ULYH3UDWWYLOOH$ODEDPDWR3DUFHO1XPEHUϮϮ Ϯϯ DQGϮϰ Ϯϱ :+(5($6LQFRPSOLDQFHZLWK6HFWLRQ&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHVWKHϮϲ Ϯϳ &RGH(QIRUFHPHQW2IILFHUJDYHZULWWHQQRWLFHWRWKHRZQHURIVDLGSURSHUW\RQ0D\Ϯϴ Ϯϵ WRFRUUHFWUHPHG\RUUHPRYHWKHFRQGLWLRQVRIJDUEDJHDQGUXEELVKZLWKLQWHQ  GD\VDQGϯϬ ϯϭ :+(5($6WKHRZQHURSHUDWRURIVDLGSURSHUW\IDLOHGDQGRUUHIXVHGWRFRUUHFWUHPHG\ϯϮ ϯϯ RUUHPRYHWKHVDLGFRQGLWLRQDIWHUWKHH[SLUDWLRQRIVDLGQRWLFHDQGϯϰ ϯϱ :+(5($66HFWLRQRIWKH&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHVDXWKRUL]HVWKHϯϲ ϯϳ &LW\WRGRVXFKZRUNRUPDNHVXFKLPSURYHPHQWVWKDWDUHQHFHVVDU\WRFRUUHFWUHPHG\RUϯϴ ϯϵ UHPRYHVXFKFRQGLWLRQSD\WKHUHIRUHDQGFKDUJHWKHH[SHQVHVLQFXUUHGWRWKHRZQHURSHUDWRUϰϬ ϰϭ RIVXFKSURSHUW\WRWKHIXOOHVWH[WHQWDXWKRUL]HGE\ODZϰϮ ϰϯ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϰϰ ϰϱ WKHFRVWWRWDOLQJIRUWKHUHPRYDORIJDUEDJHDQGUXEELVKDW&DPHOOLD'ULYHLVϰϲ ϰϳ DFFXUDWHDQGVKDOOEHHVWDEOLVKHGDVDOLHQDJDLQVWWKHSURSHUW\ϰϴ ϰϵ %(,7)857+(55(62/9('WKDWWKH&LW\$WWRUQH\LVDXWKRUL]HGWRILOHDQ\DFWLRQVϱϬ ϱϭ QHFHVVDU\WRUHFRYHUFRVWVRIVDLGUHPRYDOϱϮ ϱϯ $'237('7+,67+'$<2)6(37(0%(5ϱϰ ϱϱ ϱϲ %\ /RUD/HH%RRQH3UHVLGHQWϱϳ 3UDWWYLOOH&LW\&RXQFLOϱϴ ϱϵ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϲϬ ϲϭ ϲϮ %\ 3DXOD*%DUORZϲϯ  &LW\&OHUNϲϰ   $33529('ϭ Ϯ ϯ ϰ %\ %LOO*LOOHVSLH-U ϱ 0D\RUϲ ϳ ϴ ϵ ϭϬ ϭϭ ϭϮ ϭϯ ϭϰ ϭϱ ϭϲ ϭϳ ϭϴ ϭϵ ϮϬ Ϯϭ ϮϮ Ϯϯ Ϯϰ Ϯϱ Ϯϲ Ϯϳ Ϯϴ Ϯϵ ϯϬ ϯϭ ϯϮ ϯϯ ϯϰ ϯϱ ϯϲ ϯϳ ϯϴ ϯϵ ϰϬ ϰϭ ϰϮ ϰϯ ϰϰ ϰϱ ϰϲ ϰϳ ϰϴ ϰϵ ϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBϲϰ   5(62/87,21ϭ Ϯ >7R$XWKRUL]HWKH&LW\$WWRUQH\WR$IIL[WKH&RVWIRUWKH5HPRYDORI6WDJQDQW:DWHUDQGϯ *DUEDJHDQG5XEELVKDW7DUD'ULYH@ϰ ϱ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϲ ϳ :+(5($6†HW6HTRIWKHCode of AlabamaDVDPHQGHGSHUPLWVWKHϴ ϵ &LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWRGHFODUHDSXEOLFQXLVDQFHDQGKDYHWKHYLRODWLRQUHVROYHGϭϬ ϭϭ DQGϭϮ ϭϯ :+(5($6LQ5HVROXWLRQ%RRN3DJHRQ0D\WKH&LW\&RXQFLORIϭϰ ϭϱ WKH&LW\RI3UDWWYLOOHGHFODUHGWKHVWDJQDQWZDWHUDQGJDUEDJHDQGUXEELVKDW7DUD'ULYHϭϲ ϭϳ FRQWLQXHGWREHDSXEOLFQXLVDQFHDQGϭϴ ϭϵ :+(5($6WKH$XWDXJD&RXQW\WD[UHFRUGVFXUUHQWO\OLVWWKHSURSHUW\RZQHUDVϮϬ Ϯϭ &KDQGOHU7HUU\&ZLWKDQDGGUHVVRI7DUD'ULYH3UDWWYLOOH$/WRSDUFHOQXPEHUϮϮ Ϯϯ &21DWLRQVWDU0RUWJDJH//&ZLWKDQDGGUHVVRI((OZRRGϮϰ Ϯϱ 6WUHHW3KRHQL[$=DQGϮϲ Ϯϳ :+(5($6LQFRPSOLDQFHZLWK6HFWLRQRIWKH&LW\RI3UDWWYLOOH&RGHRIϮϴ Ϯϵ 2UGLQDQFHVWKH&RGH(QIRUFHPHQW2IILFHUVHQWQRWLFHWRWKHRZQHURSHUDWRURIWKHDERYHϯϬ ϯϭ SURSHUW\LQZULWLQJRQ)HEUXDU\WRFRUUHFWUHPHG\RUUHPRYHWKHFRQGLWLRQRIWKHϯϮ ϯϯ VWDJQDQWZDWHUDQGJDUEDJHDQGUXEELVKZLWKLQGD\VDQGϯϰ ϯϱ :+(5($6WKHRZQHURSHUDWRURIVDLGSURSHUW\IDLOHGDQGRUUHIXVHGWRFRUUHFWUHPHG\ϯϲ ϯϳ RUUHPRYHWKHVDLGFRQGLWLRQVDIWHUWKHH[SLUDWLRQRIVDLGQRWLFHDQGϯϴ ϯϵ :+(5($66HFWLRQRIWKH&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHVDXWKRUL]HVWKHϰϬ ϰϭ &LW\WRGRVXFKZRUNRUPDNHVXFKLPSURYHPHQWVWKDWDUHQHFHVVDU\WRFRUUHFWUHPHG\RUϰϮ ϰϯ UHPRYHVXFKFRQGLWLRQSD\WKHUHIRUHDQGFKDUJHWKHH[SHQVHVLQFXUUHGWRWKHRZQHURSHUDWRUϰϰ ϰϱ RIVXFKSURSHUW\WRWKHIXOOHVWH[WHQWDXWKRUL]HGE\ODZϰϲ ϰϳ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϰϴ ϰϵ WKHFRVWWRWDOLQJIRUWKHUHPRYDORIVWDJQDQWZDWHUDQGJDUEDJHDQGUXEELVKDWϱϬ ϱϭ 7DUD'ULYHLVDFFXUDWHDQGVKDOOEHHVWDEOLVKHGDVDOLHQDJDLQVWWKHSURSHUW\ϱϮ ϱϯ %(,7)857+(55(62/9('WKDWWKH&LW\$WWRUQH\LVDXWKRUL]HGWRILOHDQ\DFWLRQVϱϰ ϱϱ QHFHVVDU\WRUHFRYHUFRVWVRIVDLGUHPRYDOϱϲ ϱϳ $'237('7+,67+'$<2)6(37(0%(5ϱϴ ϱϵ ϲϬ ϲϭ %\ /RUD/HH%RRQH3UHVLGHQWϲϮ 3UDWWYLOOH&LW\&RXQFLOϲϯ ϲϰ   $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϭ Ϯ ϯ ϰ %\ 3DXOD*%DUORZϱ  &LW\&OHUNϲ ϳ $33529('ϴ ϵ ϭϬ ϭϭ %\ %LOO*LOOHVSLH-U ϭϮ 0D\RUϭϯ ϭϰ ϭϱ ϭϲ ϭϳ ϭϴ ϭϵ ϮϬ Ϯϭ ϮϮ Ϯϯ Ϯϰ Ϯϱ Ϯϲ Ϯϳ Ϯϴ Ϯϵ ϯϬ ϯϭ ϯϮ ϯϯ ϯϰ ϯϱ ϯϲ ϯϳ ϯϴ ϯϵ ϰϬ ϰϭ ϰϮ ϰϯ ϰϰ ϰϱ ϰϲ ϰϳ ϰϴ ϰϵ ϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBϲϰ   5(62/87,21ϭ Ϯ >7R$XWKRUL]HWKH&LW\$WWRUQH\WR$IIL[WKH&RVWIRUWKH5HPRYDORI6WDJQDQW:DWHUDWϯ %URRNZRRG'ULYH@ϰ ϱ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϲ ϳ :+(5($6†HW6HTRIWKHCode of AlabamaDVDPHQGHGSHUPLWVWKHϴ ϵ &LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWRGHFODUHDSXEOLFQXLVDQFHDQGKDYHWKHYLRODWLRQUHVROYHGϭϬ ϭϭ DQGϭϮ ϭϯ :+(5($6LQ5HVROXWLRQ%RRN%3DJHRQ2FWREHUWKH&LW\&RXQFLOϭϰ ϭϱ RIWKH&LW\RI3UDWWYLOOHGHFODUHGWKHVWDJQDQWZDWHUDW%URRNZRRG'ULYHFRQWLQXHGWREHDϭϲ ϭϳ SXEOLFQXLVDQFHDQGϭϴ ϭϵ :+(5($6WKH$XWDXJD&RXQW\WD[UHFRUGVOLVWWKHSURSHUW\RZQHU V DV1RUWKLQJWRQϮϬ Ϯϭ -DPHVZLWKDQDGGUHVVRI%URRNZRRG'ULYH3UDWWYLOOH$/WRSDUFHOQXPEHUϮϮ Ϯϯ DQGϮϰ Ϯϱ :+(5($6LQFRPSOLDQFHZLWK6HFWLRQ&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHVWKHϮϲ Ϯϳ 3UDWWYLOOH3ROLFH'HSDUWPHQW&RGH(QIRUFHPHQW2IILFHUVHQWQRWLFHWRWKHRZQHURIWKHDERYHϮϴ Ϯϵ SURSHUW\LQZULWLQJRQ-XO\WRFRUUHFWUHPHG\RUUHPRYHWKHFRQGLWLRQRIVWDJQDQWϯϬ ϯϭ ZDWHUZLWKLQGD\VDQGϯϮ ϯϯ :+(5($6WKHRZQHURSHUDWRURIVDLGSURSHUW\IDLOHGDQGRUUHIXVHGWRFRUUHFWUHPHG\ϯϰ ϯϱ RUUHPRYHWKHVDLGFRQGLWLRQVDIWHUWKHH[SLUDWLRQRIVDLGQRWLFHDQGϯϲ ϯϳ :+(5($66HFWLRQRIWKH&LW\RI3UDWWYLOOH&RGHRI2UGLQDQFHVDXWKRUL]HVWKHϯϴ ϯϵ &LW\WRGRVXFKZRUNRUPDNHVXFKLPSURYHPHQWVWKDWDUHQHFHVVDU\WRFRUUHFWUHPHG\RUϰϬ ϰϭ UHPRYHVXFKFRQGLWLRQSD\WKHUHIRUHDQGFKDUJHWKHH[SHQVHVLQFXUUHGWRWKHRZQHURSHUDWRUϰϮ ϰϯ RIVXFKSURSHUW\WRWKHIXOOHVWH[WHQWDXWKRUL]HGE\ODZϰϰ ϰϱ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϰϲ ϰϳ WKHFRVWWRWDOLQJIRUWKHUHPRYDORIVWDJQDQWZDWHUDW%URRNZRRG'ULYHLVDFFXUDWHϰϴ ϰϵ DQGVKDOOEHHVWDEOLVKHGDVDOLHQDJDLQVWWKHSURSHUW\ϱϬ ϱϭ %(,7)857+(55(62/9('WKDWWKH&LW\$WWRUQH\LVDXWKRUL]HGWRILOHDQ\DFWLRQVϱϮ ϱϯ QHFHVVDU\WRUHFRYHUFRVWVRIVDLGUHPRYDOϱϰ ϱϱ $'237('7+,67+'$<2)6(37(0%(5ϱϲ ϱϳ ϱϴ ϱϵ %\ /RUD/HH%RRQH3UHVLGHQWϲϬ 3UDWWYLOOH&LW\&RXQFLOϲϭ ϲϮ ϲϯ ϲϰ   $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϭ Ϯ ϯ ϰ %\ 3DXOD*%DUORZϱ  &LW\&OHUNϲ ϳ $33529('ϴ ϵ ϭϬ ϭϭ %\ %LOO*LOOHVSLH-U ϭϮ 0D\RUϭϯ ϭϰ ϭϱ ϭϲ ϭϳ ϭϴ ϭϵ ϮϬ Ϯϭ ϮϮ Ϯϯ Ϯϰ Ϯϱ Ϯϲ Ϯϳ Ϯϴ Ϯϵ ϯϬ ϯϭ ϯϮ ϯϯ ϯϰ ϯϱ ϯϲ ϯϳ ϯϴ ϯϵ ϰϬ ϰϭ ϰϮ ϰϯ ϰϰ ϰϱ ϰϲ ϰϳ ϰϴ ϰϵ ϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBϲϰ   5(62/87,21ϭ Ϯ >7R6HWD3XEOLF+HDULQJIRUD5HWDLO%HHU2QDQG2II3UHPLVHVDQGD5HWDLO7DEOH:LQH2Qϯ DQG2II3UHPLVHV/LFHQVHIRU-L\D,QF'%$(DJOH&LJDUVDQG7REDFFR@ϰ ϱ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϲ ϳ :+(5($6RQ-DQXDU\WKH&LW\RI3UDWWYLOOHDGRSWHG2UGLQDQFH%RRN3DJHϴ ϵ IRUWKHSXUSRVHRIVHWWLQJSXEOLFKHDULQJVWRDOORZSXEOLFFRPPHQWIRUOLFHQVHVLQFOXGLQJϭϬ ϭϭ 2Q3UHPLVHV5HWDLO%HHUDQG2Q3UHPLVHV5HWDLO7DEOH:LQHOLFHQVHVDQGϭϮ ϭϯ :+(5($6-L\D,QFGED(DJOH&LJDUVDQG7REDFFRORFDWHGDW)DLUYLHZϭϰ ϭϱ $YHQXH3UDWWYLOOH$ODEDPDKDVPDGHDSSOLFDWLRQIRUD5HWDLO%HHU2QDQG2IIϭϲ ϭϳ 3UHPLVHVDQGD5HWDLO7DEOH:LQH2QDQG2II3UHPLVHVOLFHQVHϭϴ ϭϵ 12:7+(5()25(%(,75(62/9('WKDWWKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHϮϬ Ϯϭ KHUHE\VHWVD3XEOLF+HDULQJDWSPRQ2FWREHULQWKH&RXQFLO&KDPEHUVDW&LW\ϮϮ Ϯϯ +DOOIRUVDLGOLFHQVHDSSOLFDWLRQϮϰ Ϯϱ $'237('7+,67+'$<2)6(37(0%(5Ϯϲ Ϯϳ Ϯϴ Ϯϵ %\ /RUD/HH%RRQH3UHVLGHQWϯϬ  3UDWWYLOOH&LW\&RXQFLOϯϭ ϯϮ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϯϯ ϯϰ ϯϱ ϯϲ %\ 3DXOD*%DUORZϯϳ  &LW\&OHUNϯϴ ϯϵ $33529('ϰϬ ϰϭ ϰϮ ϰϯ %\ %LOO*LOOHVSLH-Uϰϰ  0D\RUϰϱ ϰϲ ϰϳ ϰϴ ϰϵ ϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBBϲϰ   5(62/87,21ϭ Ϯ >7R'HVLJQDWH/HJDO+ROLGD\VIRUWKH&LW\RI3UDWWYLOOHIRU)LVFDO<HDU@ϯ ϰ ^6SRQVRUHG%\&RXQFLORU&KDPEHUV`ϱ ϲ :+(5($66HFWLRQRIWKHHuman Resources Policies & Procedures Manualϳ ϴ VWDWHVWKDWWKH0D\RUDQG&LW\&RXQFLOZLOODSSURYHDVFKHGXOHRIKROLGD\VIRUHDFKILVFDO\HDUϵ ϭϬ DQGWKH+XPDQ5HVRXUFHV'HSDUWPHQWZLOOSXEOLVKWKHOLVWϭϭ ϭϮ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϭϯ ϭϰ WKHIROORZLQJKROLGD\VVKDOOEHGHVLJQDWHGIRU)LVFDO<HDUϭϱ ϭϲ 9HWHUDQ¶V'D\1RYHPEHUϭϳ 7KDQNVJLYLQJ'D\1RYHPEHUϭϴ  )ULGD\)ROORZLQJ7KDQNVJLYLQJ'D\   1RYHPEHUϭϵ &KULVWPDV(YH'HFHPEHUϮϬ &KULVWPDV'D\'HFHPEHUϮϭ 1HZ<HDU¶V'D\-DQXDU\ϮϮ  0DUWLQ/XWKHU.LQJ-U'D\5REHUW(/HH¶V%LUWKGD\-DQXDU\Ϯϯ 0HPRULDO'D\0D\Ϯϰ  -XQHWHHQWK'D\-XQHϮϱ  ,QGHSHQGHQFH'D\-XO\Ϯϲ  /DERU'D\6HSWHPEHUϮϳ 2QH 3HUVRQDO +ROLGD\  DW WKH HPSOR\HH¶V VXSHUYLVRU¶V GLVFUHWLRQ DQG ZLWK SULRUϮϴ DSSURYDO Ϯϵ ϯϬ $'237('7+,67+'$<2)6(37(0%(5ϯϭ ϯϮ ϯϯ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϯϰ %\ /RUD/HH%RRQH3UHVLGHQWϯϱ 3UDWWYLOOH&LW\&RXQFLOϯϲ ϯϳ $87+(17,&$7('7+,6'$<7+'$<2)6(37(0%(5ϯϴ ϯϵ ϰϬ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϰϭ %\ 3DXOD*%DUORZϰϮ  &LW\&OHUNϰϯ ϰϰ $33529('ϰϱ ϰϲ ϰϳ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϰϴ %\ %LOO*LOOHVSLH-Uϰϵ  0D\RUϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(  ϲϰ   5(62/87,21ϭ Ϯ >7R$GRSWWKH&LW\RI3UDWWYLOOH)<*HQHUDO2SHUDWLQJ)XQG*DV7D[6SHFLDOϯ 5HYHQXH)XQG'HEW6HUYLFH)XQG&DSLWDO3URMHFWV)XQG6DQLWDWLRQ(QWHUSULVH)XQGϰ :DVWHZDWHU(QWHUSULVH)XQGDQG-XGLFLDO6SHFLDO5HYHQXH)XQG%XGJHWV@ϱ ϲ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW%RRQH`ϳ ϴ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHϵ ϭϬ $ODEDPDDVIROORZVϭϭ ϭϮ 7+$7IRUWKHSXUSRVHRIILQDQFLQJWKHFRQGXFWRIDIIDLUVRIWKH&LW\GXULQJWKHSHULRGϭϯ ϭϰ EHJLQQLQJ2FWREHUDQGHQGLQJ6HSWHPEHULQFOXVLYHWKH*HQHUDO2SHUDWLQJϭϱ ϭϲ )XQG*DV7D[6SHFLDO5HYHQXH)XQG'HEW6HUYLFH)XQG&DSLWDO3URMHFWV)XQG6DQLWDWLRQϭϳ ϭϴ (QWHUSULVH)XQG:DVWHZDWHU(QWHUSULVH)XQGDQG-XGLFLDO6SHFLDO5HYHQXH)XQG%XGJHWVϭϵ ϮϬ IRUWKH&LW\¶VUHYHQXHVDQGH[SHQGLWXUHVIRUVXFKSHULRGDVSUHSDUHGDQGVXEPLWWHGWRWKH&LW\Ϯϭ ϮϮ &RXQFLOE\WKH0D\RUDUHKHUHE\DSSURYHGDQGDGRSWHGDVWKHRIILFLDO)<%XGJHWVϮϯ Ϯϰ IRUWKH&LW\ZLWKDFRPELQHGWRWDORIϮϱ Ϯϲ $'237('7+,67+'$<2)6(37(0%(5Ϯϳ Ϯϴ Ϯϵ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϯϬ %\ /RUD/HH%RRQH3UHVLGHQWϯϭ 3UDWWYLOOH&LW\&RXQFLOϯϮ ϯϯ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϯϰ ϯϱ ϯϲ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϯϳ %\ 3DXOD*%DUORZϯϴ  &LW\&OHUNϯϵ ϰϬ $33529('ϰϭ ϰϮ ϰϯ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϰϰ %\ %LOO*LOOHVSLH-Uϰϱ  0D\RUϰϲ ϰϳ ϰϴ ϰϵ ϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*( ϲϰ   5(62/87,21ϭ Ϯ >7R$XWKRUL]HWKH0D\RUWR(QWHULQWRDQ$JUHHPHQWZLWK$ODEDPD3RZHUIRU/LJKWLQJϯ ,PSURYHPHQWVDURXQG6WDQOH\-HQVHQ6WDGLXPDQG3UDWW3DUNDWD7RWDO&RVW1RWWR([FHHGϰ @ϱ ϲ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϳ ϴ :+(5($6WKH&LW\RI3UDWWYLOOHKDVDQHHGIRUOLJKWLQJLPSURYHPHQWVDURXQG6WDQOH\ϵ ϭϬ -HQVHQ6WDGLXPDQG3UDWW3DUNDQGϭϭ ϭϮ :+(5($6$ODEDPD3RZHULVWKHHOHFWULFVHUYLFHSURYLGHULQWKLVDUHDDQGϭϯ ϭϰ :+(5($6LWLVWKHGHVLUHRIWKH&LW\WRHQWHULQWRDQDJUHHPHQWZLWK$ODEDPD3RZHUϭϱ ϭϲ WRLQVWDOODQGPDLQWDLQVDLGOLJKWLQJLPSURYHPHQWVDWDWRWDOFRVWQRWWRH[FHHGϭϳ ϭϴ DQGϭϵ ϮϬ :+(5($6VDLGLPSURYHPHQWSURMHFWLVDEXGJHWHGH[SHQVHϮϭ ϮϮ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϮϯ Ϯϰ WKH0D\RULVKHUHE\DXWKRUL]HGWRHQWHULQWRDQDJUHHPHQWZLWK$ODEDPD3RZHUIRUVDLGOLJKWLQJϮϱ Ϯϲ LPSURYHPHQWVDWDWRWDOFRVWQRWWRH[FHHGDQGIXQGVDUHKHUHE\DSSURYHGDQGϮϳ Ϯϴ DSSURSULDWHGIURP)<%XGJHW/LQH,WHP&DSLWDO3URMHFWV)XQG6WDQOH\-HQVHQ5HQR±Ϯϵ ϯϬ 7LHUϯϭ ϯϮ %(,7)857+(55(62/9('WKDWWKH0D\RULVKHUHE\DXWKRUL]HGWRH[HFXWHDQ\DQGϯϯ ϯϰ DOOGRFXPHQWVQHFHVVDU\WRFDUU\RXWWKHLQWHQWRIWKLVUHVROXWLRQϯϱ ϯϲ $'237('7+,67+'$<2)6(37(0%(5ϯϳ ϯϴ ϯϵ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϰϬ %\ /RUD/HH%RRQH3UHVLGHQWϰϭ 3UDWWYLOOH&LW\&RXQFLOϰϮ ϰϯ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϰϰ ϰϱ ϰϲ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϰϳ %\ 3DXOD*%DUORZϰϴ &LW\&OHUNϰϵ ϱϬ $33529('ϱϭ ϱϮ ϱϯ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϱϰ %\ %LOO*LOOHVSLH-U ϱϱ 0D\RUϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*( BBϲϰ   5(62/87,21ϭ Ϯ >7R$PHQGWKH%XGJHWDQG$XWKRUL]HWKH5HOHDVHRI)XQGVWR3HUIRUP7XUQ/DQHϯ ,PSURYHPHQWVRQ2OG)DUP/DQHWR&RQVWUXFWLRQ6HUYLFHV//&IRUWKH(QJLQHHULQJϰ 'HSDUWPHQWDWD&RVW1RWWR([FHHG@ϱ ϲ ^6SRQVRUHG%\&RXQFLORU-DFNVRQ`ϳ ϴ :+(5($6WKH&LW\RI3UDWWYLOOH(QJLQHHULQJ'HSDUWPHQWKDVLGHQWLILHGDQHHGWRϵ ϭϬ FRPSOHWHWXUQODQHLPSURYHPHQWVDORQJ2OG)DUP/DQHDQGϭϭ ϭϮ :+(5($6VDLGLPSURYHPHQWVDUHDYDLODEOHIURP&RQVWUXFWLRQ6HUYLFHV//&DWDϭϯ ϭϰ FRVWQRWWRH[FHHGDQGϭϱ ϭϲ :+(5($6SXUVXDQWWR†Code of AlabamaDVDPHQGHGVDLGϭϳ ϭϴ LPSURYHPHQWVFRQVWLWXWHDSXEOLFZRUNVSURMHFWDQGϭϵ ϮϬ :+(5($6HIIHFWLYH6HSWHPEHU† E  Code of AlabamaDVϮϭ ϮϮ DPHQGHGZDVXSGDWHGWRDOORZVFRQWUDFWVIRUSXEOLFZRUNVSURMHFWVXQGHUWREHϮϯ Ϯϰ OHWZLWKRXWDGYHUWLVLQJRUVHDOHGELGVϮϱ Ϯϲ  12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϮϳ Ϯϴ WKH)<%XGJHWLVKHUHE\DPHQGHGDVIROORZVϮϵ ϯϬ  ,QFUHDVH *HQHUDO)XQG6DOHV7D[5HYHQXH   ϯϭ ,QFUHDVH (QJLQHHULQJ&DSLWDO2XWOD\ϯϮ ϯϯ %(,7)857+(55(62/9('WKDWIXQGVLQDQDPRXQWQRWWRH[FHHGDUHϯϰ ϯϱ KHUHE\DXWKRUL]HGDQGDSSURYHGWREHSDLGWR&RQVWUXFWLRQ6HUYLFHV//&IRUVDLGϯϲ ϯϳ LPSURYHPHQWVDQGVDLGIXQGVDUHKHUHE\DSSURYHGDQGDSSURSULDWHGIURPWKH)<%XGJHWϯϴ ϯϵ /LQH,WHP(QJLQHHULQJ&DSLWDO2XWOD\ϰϬ ϰϭ %(,7)857+(55(62/9('WKDWWKH0D\RULVKHUHE\DXWKRUL]HGWRH[HFXWHDQ\DQGϰϮ ϰϯ DOOGRFXPHQWVQHFHVVDU\WRFDUU\RXWWKHLQWHQWRIWKLVUHVROXWLRQϰϰ ϰϱ $'237('7+,67+'$<2)6(37(0%(5ϰϲ ϰϳ ϰϴ %\ /RUD/HH%RRQH3UHVLGHQWϰϵ 3UDWWYLOOH&LW\&RXQFLOϱϬ ϱϭ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϱϮ ϱϯ ϱϰ %\ 3DXOD*%DUORZϱϱ &LW\&OHUNϱϲ ϱϳ $33529('ϱϴ ϱϵ ϲϬ %\ %LOO*LOOHVSLH-U ϲϭ 0D\RUϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBBBϲϰ   5(62/87,21ϭ Ϯ >7R$PHQGWKH%XGJHWDQG$ZDUG%LG1RWR%XVLQHVV6HUYLFHV &RQVXOWDQWV,QFϯ IRU6FDQQLQJ&RQYHUVLRQ6HUYLFHVIRUWKH-XGLFLDO'HSDUWPHQWDWDQ(VWLPDWHG&RVWRIϰ @ϱ ϲ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϳ ϴ :+(5($6WKH&LW\RI3UDWWYLOOH-XGLFLDO'HSDUWPHQWKDVLGHQWLILHGDQHHGIRUVFDQQLQJϵ ϭϬ FRQYHUVLRQVHUYLFHVDQGϭϭ ϭϮ :+(5($6WKH-XGLFLDO'HSDUWPHQWKDGVSHFLILFDWLRQVGUDIWHGIRUVDLGVHUYLFHVDQGϭϯ ϭϰ :+(5($6RQH  VHDOHGELGZDVUHFHLYHGRSHQHGDQGUHDGRQ$XJXVWDWϭϱ ϭϲ DPLQWKH&RXQFLO&KDPEHUVDW&LW\+DOODQG%XVLQHVV6\VWHPV &RQVXOWDQWV,QFϭϳ ϭϴ ZDVWKHORZHVWUHVSRQVLEOHELGGHUDWDFRVWRISHUVFDQQHGLPDJHDQGSHUϭϵ ϮϬ SUHSDUDWLRQKRXUIRUDQHVWLPDWHGWRWDORIIRUVDLGVHUYLFHVϮϭ ϮϮ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϮϯ Ϯϰ WKH)<%XGJHWLVKHUHE\DPHQGHGDVIROORZVϮϱ Ϯϲ  'HFUHDVH -XGLFLDO0HWUR-DLO2SHUDWLQJ&RVW  Ϯϳ  ,QFUHDVH -XGLFLDO0LVF&RQWUDFW6HUYLFHV   Ϯϴ Ϯϵ %(,7)857+(55(62/9('E\WKH&LW\&RXQFLOWKDW%LG1RLVKHUHE\ϯϬ ϯϭ DZDUGHGWR%XVLQHVV6\VWHPV &RQVXOWDQWV,QFIRUDQHVWLPDWHGFRVWRIIRUϯϮ ϯϯ VDLGVHUYLFHVDQGVDLGIXQGVDUHDSSURYHGDQGDSSURSULDWHGIURPWKH)<%XGJHW/LQHϯϰ ϯϱ ,WHP-XGLFLDO0LVF&RQWUDFW6HUYLFHVϯϲ ϯϳ %(,7)857+(55(62/9('WKDWWKH0D\RULVKHUHE\DXWKRUL]HGWRH[HFXWHDQ\DQGϯϴ ϯϵ DOOGRFXPHQWVQHFHVVDU\WRFDUU\RXWWKHLQWHQWRIWKLV5HVROXWLRQϰϬ ϰϭ $'237('7+,67+'$<2)6(37(0%(5ϰϮ ϰϯ ϰϰ ϰϱ %\ /RUD/HH%RRQH3UHVLGHQWϰϲ 3UDWWYLOOH&LW\&RXQFLOϰϳ ϰϴ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϰϵ ϱϬ ϱϭ ϱϮ %\ 3DXOD*%DUORZϱϯ &LW\&OHUNϱϰ ϱϱ $33529('ϱϲ ϱϳ ϱϴ ϱϵ %\ %LOO*LOOHVSLH-U ϲϬ 0D\RUϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(BBBBBϲϰ   5(62/87,21ϭ Ϯ >7R$XWKRUL]H'HPROLWLRQDQG5HPRYDORIWKH'LODSLGDWHG6WUXFWXUH/RFDWHGDW'RVWHUϯ 6WUHHWDQGWR$ZDUGD&RQWUDFWWR&UDLJ5LFKDUGVRQDWD&RVW1RWWR([FHHG@ϰ ϱ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϲ ϳ :+(5($6WKH&LW\RI3UDWWYLOOH%XLOGLQJ,QVSHFWRUGHFODUHGWKHVWUXFWXUHDW'RVWHUϴ ϵ 6WUHHWWREHXQVDIHDQGDSXEOLFQXLVDQFHRQ0D\SXUVXDQWWR†%RIWKHϭϬ ϭϭ Code of Alabama, ,DVDPHQGHGDQGϭϮ ϭϯ :+(5($6RQ0D\QRWLFHZDVGHOLYHUHGE\FHUWLILHGPDLOWRWKHODVWNQRZQϭϰ ϭϱ SURSHUW\RZQHUVDQGWRDOOSDUWLHVKDYLQJLQWHUHVWLQWKHSURSHUW\RUGHULQJWKHUHSDLURUϭϲ ϭϳ GHPROLWLRQRIWKHVWUXFWXUHDW'RVWHU6WUHHWZLWKLQGD\VRIVDLGQRWLFHDQGϭϴ ϭϵ  :+(5($6LQ5HVROXWLRQ%RRN$3DJHRQ-XO\WKH&LW\&RXQFLORIϮϬ Ϯϭ WKH&LW\RI3UDWWYLOOHGHFODUHGWKDWWKHVWUXFWXUHORFDWHGDW'RVWHU6WUHHWFRQWLQXHGWREHϮϮ Ϯϯ XQVDIHDQGDSXEOLFQXLVDQFHWKDWPXVWEHUHSDLUHGRUGHPROLVKHGDQGϮϰ Ϯϱ :+(5($6QRUHSDLUVKDYHEHHQPDGHWRWKHVWUXFWXUHDQGLWUHPDLQVXQVDIHDQGDϮϲ Ϯϳ SXEOLFQXLVDQFHϮϴ Ϯϵ 12:7+(5()25(%(,75(62/9('WKDWWKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHϯϬ ϯϭ KHUHE\DXWKRUL]HVWKH0D\RUWRWDNHZKDWHYHUVWHSVDUHQHFHVVDU\WRUHPRYHWKHXQVDIHϯϮ ϯϯ VWUXFWXUHORFDWHGDW'RVWHU6WUHHWϯϰ ϯϱ %(,7)857+(55(62/9('WKDWDFRQWUDFWLQDQDPRXQWQRWWRH[FHHGLVϯϲ ϯϳ DZDUGHGWR&UDLJ5LFKDUGVRQIRUGHPROLWLRQDQGUHPRYDORIVDLGVWUXFWXUHORFDWHGDW'RVWHUϯϴ ϯϵ 6WUHHWDQGVDLGIXQGVDUHKHUHE\DSSURYHGDQGDSSURSULDWHGIURP)<%XGJHW/LQH,WHPϰϬ ϰϭ 3ROLFH'LODSLGDWHG+RXVH'HPROLWLRQϰϮ ϰϯ %(,7)857+(55(62/9('WKDWWKH0D\RULVKHUHE\DXWKRUL]HGWRH[HFXWHDQ\DQGϰϰ ϰϱ DOOGRFXPHQWVQHFHVVDU\WRFDUU\RXWWKHLQWHQWRIWKLV5HVROXWLRQϰϲ ϰϳ $'237('7+,67+'$<2)6(37(0%(5ϰϴ ϰϵ ϱϬ %\ /RUD/HH%RRQH3UHVLGHQWϱϭ 3UDWWYLOOH&LW\&RXQFLOϱϮ ϱϯ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϱϰ ϱϱ ϱϲ %\ 3DXOD*%DUORZϱϳ &LW\&OHUNϱϴ ϱϵ $33529('ϲϬ ϲϭ ϲϮ %\ %LOO*LOOHVSLH-U ϲϯ 0D\RU 5(62/87,21%22.$3$*(BBBBBϲϰ   5(62/87,21ϭ Ϯ >7R$XWKRUL]HWKH0D\RUWR6LJQ&RQWUDFWVIRU6HUYLFHVIRU&RPPXQLW\,QLWLDWLYHV&LW\&RXQW\ϯ 6HUYLFHVWKH$XWDXJD&RXQW\(PHUJHQF\&RPPXQLFDWLRQ'LVWULFW ( %XWWHUIO\%ULGJHVϰ &KLOGUHQ¶V$GYRFDF\&HQWHU,QFDQG&HQWUDO$ODEDPD&ULPH6WRSSHUVDV$OORFDWHGLQWKHϱ )<%XGJHW@ϲ ϳ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW%RRQH`ϴ ϵ :+(5($6IXQGLQJIRUFRPPXQLW\LQLWLDWLYHVFLW\FRXQW\VHUYLFHVDQGWKH$XWDXJDϭϬ ϭϭ &RXQW\(PHUJHQF\&RPPXQLFDWLRQ'LVWULFW ( %XWWHUIO\%ULGJHV&KLOGUHQ¶V$GYRFDF\ϭϮ ϭϯ &HQWHU,QFDQG&HQWUDO$ODEDPD&ULPH6WRSSHUVDUHEXGJHWHGDQQXDOO\E\WKH&LW\RIϭϰ ϭϱ 3UDWWYLOOHDQGϭϲ ϭϳ :+(5($6VDLGHQWLWLHVVHUYHWKHSXEOLFJRRGDQGDUHQHFHVVDU\IRUWKHKHDOWKVDIHW\ϭϴ ϭϵ DQGZHOIDUHRIWKHFLWL]HQVRI3UDWWYLOOHDQGϮϬ Ϯϭ :+(5($6VDLGHQWLWLHVSURYLGHVHUYLFHVWKDWWKH&LW\FRXOGQRWRWKHUZLVHSHUIRUPDQGϮϮ Ϯϯ :+(5($6FRQWUDFWVIRUVHUYLFHVDUHQHHGHGWRVXSSRUWWKHDOORFDWLRQRIIXQGVϮϰ Ϯϱ  12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϮϲ Ϯϳ WKH0D\RULVKHUHE\DXWKRUL]HGWRVLJQFRQWUDFWVIRUVHUYLFHVIRUFRPPXQLW\LQLWLDWLYHVFLW\Ϯϴ Ϯϵ FRXQW\VHUYLFHVDQGWKH$XWDXJD&RXQW\(PHUJHQF\&RPPXQLFDWLRQ'LVWULFW %XWWHUIO\ϯϬ ϯϭ %ULGJHV&KLOGUHQ¶V$GYRFDF\&HQWHU,QFDQG&HQWUDO$ODEDPD&ULPH6WRSSHUVDVDOORFDWHGϯϮ ϯϯ LQWKH)<%XGJHWϯϰ ϯϱ $'237('7+,67+'$<2)6(37(0%(5ϯϲ ϯϳ ϯϴ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϯϵ %\ /RUD/HH%RRQH3UHVLGHQWϰϬ 3UDWWYLOOH&LW\&RXQFLOϰϭ ϰϮ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϰϯ ϰϰ ϰϱ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϰϲ %\ 3DXOD*%DUORZϰϳ  &LW\&OHUNϰϴ ϰϵ $33529('ϱϬ ϱϭ ϱϮ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϱϯ %\ %LOO*LOOHVSLH-Uϱϰ  0D\RUϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*( ϲϰ   5(62/87,21ϭ Ϯ >7R$XWKRUL]HWKH0D\RUWR6LJQD&RQWUDFWIRU6HUYLFHVZLWKWKH$XWDXJD3UDWWYLOOH3XEOLFϯ /LEUDU\IRU)XQGLQJDV$OORFDWHGLQWKH)<%XGJHW@ϰ ϱ ^6SRQVRUHG%\&RXQFLORU&KDPEHUV`ϲ ϳ :+(5($6IXQGLQJIRUWKH$XWDXJD3UDWWYLOOH3XEOLF/LEUDU\LVEXGJHWHGDQQXDOO\E\ϴ ϵ WKH&LW\RI3UDWWYLOOHDQGϭϬ ϭϭ :+(5($6WKHOLEUDU\VHUYHVWKHSXEOLFJRRGDQGLVGHVLUDEOHIRUWKHKHDOWKVDIHW\ϭϮ ϭϯ DQGZHOIDUHRIWKHFLWL]HQVRI3UDWWYLOOHDQGϭϰ ϭϱ :+(5($6WKH&LW\GHVLUHVWRKDYHVH[XDOO\H[SOLFLWPDWHULDOVLQWKHOLEUDU\UHVWULFWHGϭϲ ϭϳ WRPLQRUVXQGHUWKHDJHRIHLJKWHHQ(18)DQGϭϴ ϭϵ :+(5($6DFRQWUDFWIRUVHUYLFHVLVQHHGHGWRDGPLQLVWHUDQGVXSSRUWWKHDOORFDWLRQϮϬ Ϯϭ RIIXQGVϮϮ Ϯϯ  12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϮϰ Ϯϱ WKH0D\RULVKHUHE\DXWKRUL]HGWRVLJQDFRQWUDFWIRUVHUYLFHVZLWKWKH$XWDXJD3UDWWYLOOH3XEOLFϮϲ Ϯϳ /LEUDU\DVDOORFDWHGLQWKH)<%XGJHWϮϴ Ϯϵ $'237('7+,67+'$<2)6(37(0%(5ϯϬ ϯϭ ϯϮ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϯϯ %\ /RUD/HH%RRQH3UHVLGHQWϯϰ 3UDWWYLOOH&LW\&RXQFLOϯϱ ϯϲ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϯϳ ϯϴ ϯϵ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϰϬ %\ 3DXOD*%DUORZϰϭ  &LW\&OHUNϰϮ ϰϯ $33529('ϰϰ ϰϱ ϰϲ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϰϳ %\ %LOO*LOOHVSLH-Uϰϴ  0D\RUϰϵ ϱϬ ϱϭ ϱϮ ϱϯ ϱϰ ϱϱ ϱϲ ϱϳ ϱϴ ϱϵ ϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(  ϲϰ   5(62/87,21ϭ Ϯ >7R$XWKRUL]HWKH0D\RUWR6LJQDQ$GGHQGXPWRWKH$JUHHPHQWZLWKWKH$XWDXJD&RXQW\ϯ %RDUGRI(GXFDWLRQIRU8VHRI6WDQOH\-HQVHQ6WDGLXP@ϰ ϱ ^6SRQVRUHG%\&RXQFLO3UHVLGHQW3UR7HPSRUH6WULFKLN`ϲ ϳ :+(5($6LQ5HVROXWLRQ%RRN%3DJHRQ1RYHPEHUWKH&LW\ϴ ϵ &RXQFLORIWKH&LW\RI3UDWWYLOOHDXWKRUL]HGWKH0D\RUWRHQWHULQWRDQDJUHHPHQWZLWKWKHϭϬ ϭϭ $XWDXJD&RXQW\%RDUGRI(GXFDWLRQIRUWKHXVHRI6WDQOH\-HQVHQ6WDGLXPIRU3UDWWYLOOH+LJKϭϮ ϭϯ 6FKRRODQG3UDWWYLOOH-XQLRU+LJK6FKRRODWKOHWLFDQGEDQGHYHQWVDQGSUDFWLFHVDQGϭϰ ϭϱ :+(5($6$&%2(DJUHHVWKDWFRQWULEXWLQJWRZDUGWKHUHQRYDWLRQVRI6WDQOH\-HQVHQϭϲ ϭϳ 6WDGLXPZLOOGLUHFWO\EHQHILWVWXGHQWVDQGWKHUHE\FRPPLWVDQDGGLWLRQDODQGϭϴ ϭϵ :+(5($6WKH&LW\GHVLUHVWRDGGDQDGGHQGXPWRWKHFXUUHQWDJUHHPHQWZLWKWKHϮϬ Ϯϭ $&%2(IRUWKHXVHRIVDLGDUHDVϮϮ Ϯϯ 12:7+(5()25(%(,75(62/9('E\WKH&LW\&RXQFLORIWKH&LW\RI3UDWWYLOOHWKDWϮϰ Ϯϱ WKH0D\RULVKHUHE\DXWKRUL]HGWRHQWHULQWRDQDGGHQGXPWRWKHFXUUHQWDJUHHPHQWZLWKWKHϮϲ Ϯϳ $&%2(IRUXVHRI6WDQOH\-HQVHQ6WDGLXPIRU3UDWWYLOOH+LJK6FKRRODQG3UDWWYLOOH-XQLRU+LJKϮϴ Ϯϵ 6FKRRODWKOHWLFDQGEDQGHYHQWVDQGSUDFWLFHVϯϬ ϯϭ %(,7)857+(55(62/9('WKH&LW\DJUHHVWRDFFHSWWKHDGGLWLRQDOIURPϯϮ ϯϯ $&%2(WRZDUGWKHUHQRYDWLRQVRI6WDQOH\-HQVHQ6WDGLXPϯϰ ϯϱ %(,7)857+(55(62/9('WKDWWKH0D\RULVKHUHE\DXWKRUL]HGWRH[HFXWHDQ\DQGϯϲ ϯϳ DOOGRFXPHQWVQHFHVVDU\WRFDUU\RXWWKHLQWHQWRIWKLV5HVROXWLRQϯϴ ϯϵ $'237('7+,67+'$<2)6(37(0%(5ϰϬ ϰϭ ϰϮ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϰϯ %\ /RUD/HH%RRQH3UHVLGHQWϰϰ 3UDWWYLOOH&LW\&RXQFLOϰϱ ϰϲ $87+(17,&$7('7+,67+'$<2)6(37(0%(5ϰϳ ϰϴ ϰϵ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϱϬ %\ 3DXOD*%DUORZϱϭ &LW\&OHUNϱϮ ϱϯ ϱϰ $33529('ϱϱ ϱϲ ϱϳ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBϱϴ %\ %LOO*LOOHVSLH-U ϱϵ 0D\RUϲϬ ϲϭ ϲϮ ϲϯ 5(62/87,21%22.$3$*(ϲϰ