The URL can be used to link to this page

Home My WebLink About03/20/2012 PACKET(DRAFT) AGENDA Regular Meeting - Bremerton Planning Commission (Subject to PC approval) March 20, 2012 5:30 P.M. th 345 – 6Street Meeting Chamber – First Floor I. CALL TO ORDER II. ROLL CALL (quorum present) III. APPROVAL OF THE AGENDA IVAPPROVAL OF MINUTES: February 21, 2012Regular meeting. o V. PUBLIC MEETING A. Call to the Public: Public comments on any item not on tonight’s agenda B. Workshop 1. Shoreline Master Program Update to discuss nonconforming provisions and the applicability of Substitute Senate Bill 5451. VI. BUSINESS MEETING A. Chair Report: Chairman Jose B. Director Report: Andrea Spencer C.Old Business: D.New Business VII. ADJOURNMENT: The next regular meeting of the Planning Commission is April 17, 2012 Planning Commission meeting packets are available on-line at www.ci.bremerton.wa.us ùÍÏÏÓÉÉÓÍÎï××ÈÓÎÕøÛÈ×ïÛÊÙÔ ûÕ×ÎØÛóÈ×Ïæú ùóèãíöúê÷ï÷êèíîåûéôóîõèíî ìðûîîóîõùíïïóééóíîûõ÷îøûóè÷ï ûõ÷îøûèóèð÷åÍÊÑÉÔÍÌÈÍØÓÉÙÇÉÉîÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÛÎØéÇÚÉÈÓÈÇÈ×é×ÎÛÈ×úÓÐÐ ø÷ìûêèï÷îè ùÍÏÏÇÎÓÈÃø×Æ×ÐÍÌÏ×ÎÈ ìê÷é÷îè÷øúã îÓÙÍÐ×öÐÍÃØùÓÈÃìÐÛÎÎ×Ê éçïïûêã èÔÓÉÅÍÊÑÉÔÍÌÓÉÌÛÊÈÍÖÛÉ×ÊÓ×ÉÍÖÅÍÊÑÉÔÍÌÉÈÍØÓÉÙÇÉÉÈÔ×øÊÛÖÈéÔÍÊ×ÐÓÎ×ïÛÉÈ×ÊìÊÍÕÊÛÏ éïìÇÌØÛÈ×÷ÛÙÔÅÍÊÑÉÔÍÌÖÍÙÇÉ×ÉÍÎÛØÓÖÖ×Ê×ÎÈÉ×ÈÍÖÈÍÌÓÙÉÛÎØÍÊÉ×ÙÈÓÍÎÉÍÖÈÔ×ÙÍØ× èÔ×ìÐÛÎÎÓÎÕùÍÏÏÓÉÉÓÍÎÔÛÉÔ×ÐØÈÅÍÌÊ×ÆÓÍÇÉÅÍÊÑÉÔÍÌÉÖÍÙÇÉÓÎÕÍÎÕ×Î×ÊÛÐ ÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÛÎØÔÍÅÈÔ×ÃÛÊ×ÛÌÌÐÓÙÛÚÐ×ÈÍÈÔ×éÔÍÊ×ÐÓÎ×ïÛÉÈ×ÊìÊÍÕÊÛÏ èÔÓÉÅÍÊÑÉÔÍÌÅÓÐÐÖÍÙÇÉÍÎÈÔ×ÌÍÈ×ÎÈÓÛÐÓÏÌÛÙÈÉÍÖÇÈÓÐÓÂÓÎÕÈÔ×ÛÐÐÍÅ×ØÐÛÎÕÇÛÕ×ÖÊÍÏ éÇÚÉÈÓÈÇÈ×é×ÎÛÈ×úÓÐÐééúÓÎÊ×ÐÛÈÓÍÎÉÔÓÌÈÍÈÔ×ÎÍÎÙÍÎÖÍÊÏÓÎÕÌÊÍÆÓÉÓÍÎÉÍÖÈÔ× éÔÍÊ×ÐÓÎ×ïÛÉÈ×ÊìÊÍÕÊÛÏçÌØÛÈ×óÎÉÇÏÏÛÊÃÈÔ×úÓÐÐÅÛÉØÊÛÖÈ×ØÈÍÙÐÛÊÓÖÃèÔ×ø×ÌÛÊÈÏ×ÎÈ ÍÖ÷ÙÍÐÍÕÃªÉÊ×ÆÓ×ÅÛÇÈÔÍÊÓÈÃÍÆ×ÊÈÔ×éÈÛÈ×ÅÓØ×éïìÇÌØÛÈ×ÌÊÍÙ×ÉÉéÌ×ÙÓÖÓÙÛÐÐÃÓÈÓÉÎÍÈ ÷ÙÍÐÍÕÃªÉÊ×ÉÌÍÎÉÓÚÓÐÓÈÃÈÍØ×È×ÊÏÓÎ×ÅÔÛÈÈ×ÊÏÉÛÊ×ÇÉ×ØÅÔ×ÎÊ×Ö×ÊÊÓÎÕÈÍ×ÄÓÉÈÓÎÕÊ×ÉÓØ×ÎÈÓÛÐ ÉÈÊÇÙÈÇÊ×ÉéÈÛÈ×ÅÓØ×ÈÔÓÉÏ×ÛÎÉÈÔÛÈÈÔ×Ê×ÅÓÐÐÙÍÎÈÓÎÇ×ÈÍÚ×ÉÇÚÉÈÛÎÈÓÛÐÆÛÊÓÛÈÓÍÎÛÉÈÍÔÍÅ ÐÍÙÛÐÒÇÊÓÉØÓÙÈÓÍÎÉÛØØÊ×ÉÉÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÅÓÈÔÓÎÈÔ×éÔÍÊ×ÐÓÎ×öÍÊúÊ×Ï×ÊÈÍÎÓÈÌÊÍÆÓØ×ÉÈÔ× ÍÌÌÍÊÈÇÎÓÈÃÈÍÙÔÛÎÕ×ÔÍÅÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÛÊ×ÙÐÛÉÉÓÖÓ×ØÛÎØÔÍÅÈÔ×ÃÛÊ×Ê×ÕÇÐÛÈ×Ø èÔÓÉÊ×ÌÍÊÈÛÓÏÉÈÍÔ×ÐÌÌÊÍÆÓØ×ÛÚ×ÈÈ×ÊÇÎØ×ÊÉÈÛÎØÓÎÕÍÖÈÔ×ÇÎØ×ÊÐÃÓÎÕÓÉÉÇ×ÉÉÇÊÊÍÇÎØÓÎÕÈÔ× ÍÌÈÓÍÎÛÐÐÛÎÕÇÛÕ×ÙÔÛÎÕ×ÉÈÍÈÔ×ÎÍÎÙÍÎÖÍÊÏÓÎÕÙÍØ×É×ÙÈÓÍÎéÈÛÖÖÓÉÛÉÑÓÎÕÈÔ×ìÐÛÎÎÓÎÕ ùÍÏÏÓÉÉÓÍÎÈÍÌÊÍÆÓØ×ØÓÊ×ÙÈÓÍÎÚÃÛÎÉÅ×ÊÓÎÕÈÔ×ÖÍÐÐÍÅÓÎÕËÇ×ÉÈÓÍÎÉ éÔÍÇÐØÈÔ×ùÓÈÃÙÊ×ÛÈ×ÛÎÛÐÈ×ÊÎÛÈ×ÎÛÏ×ÖÍÊÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÊ×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×É ÍÎÈÔ×ÉÔÍÊ×ÐÓÎ×ÛÎØ éÔÍÇÐØÈÔ×ùÓÈÃÛÐÐÍÅÖÍÊÈÔ×ÖÇÐÐÊ×ÌÐÛÙ×Ï×ÎÈÍÖÉÇÙÔÊ×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×ÉÛÎÇÎÐÓÏÓÈ×Ø ÎÇÏÚ×ÊÍÖÈÓÏ×Éý ìÐ×ÛÉ×Ñ××ÌÈÔ×É×ËÇ×ÉÈÓÍÎÉÓÎÏÓÎØÅÔ×ÎÊ×ÛØÓÎÕÈÔ×Ê×ÌÍÊÈÛÎØÊ×ÆÓ×ÅÓÎÕÈÔ×ÛÈÈÛÙÔÏ×ÎÈÉ ÛÉÈÔ×Ê×ÌÍÊÈÓÉÓÎÈ×ÎØ×ØÈÍÔ×ÐÌÌÊÍÆÓØ×ÛÅÓØ×ÊÛÎÕ×ÍÖØÛÈÛÉÇÊÊÍÇÎØÓÎÕÈÔ×É×ÈÅÍËÇ×ÉÈÓÍÎÉ ûèèûùôï÷îèé ûÈÈÛÙÔÏ×ÎÈóéÇÚÉÈÓÈÇÈ×é×ÎÛÈ×úÓÐÐ ûÈÈÛÙÔÏ×ÎÈóóöÛÎÎÓ×ïÛ×ÛÎØöÊ×ØØÓ×ïÛÙð×ÎØÓÎÕõÇÓØ×ÐÓÎ×É ûÈÈÛÙÔÏ×ÎÈóóóð×ÎØ×ÊÛÎØûÌÌÊÛÓÉ×ÊÖ××ØÚÛÙÑ ûÈÈÛÙÔÏ×ÎÈóæçÎÓÖÍÊÏûÌÌÊÛÓÉÛÐÖÍÊÏ ûÈÈÛÙÔÏ×ÎÈæûÊÈÓÙÐ×ÉÊ×ÕÛÊØÓÎÕÎÍÎÙÍÎÖÍÊÏÓÎÕÐÍÛÎÉ ê÷ùíïï÷îøûèóíî çÉ×ÈÔ×ÏÛÈ×ÊÓÛÐÉÌÊÍÆÓØ×ØÚÃéÈÛÖÖÙÍÎÉÓØ×ÊÌÇÚÐÓÙÈ×ÉÈÓÏÍÎÃÛÎØÌÊÍÆÓØ×ÙÐ×ÛÊØÓÊ×ÙÈÓÍÎÈÍ éÈÛÖÖÊ×ÕÛÊØÓÎÕÔÍÅÈÍÌÊÍÙ××ØÓÎØÊÛÖÈÓÎÕÐÛÎÕÇÛÕ×Ê×ÕÛÊØÓÎÕ×ÄÓÉÈÓÎÕÉÔÍÊ×ÐÓÎ×Ê×ÉÓØ×ÎÙ×É 1 ôíåøí÷éðíùûðõíæ÷êîï÷îèçé÷èô÷è÷êïîíîùíîöíêïóîõý èÔ×È×ÊÏ©ÎÍÎÙÍÎÖÍÊÏÓÎÕ¨ÓÉÛÌÍÌÇÐÛÊÈ×ÊÏÇÉ×ØÊ×ÕÇÐÛÊÐÃÓÎÏÛÎÃØÓÖÖ×Ê×ÎÈÓÎØÇÉÈÊÓ×ÉÃÍÇÊ ÐÍÙÛÐÕÍÆ×ÊÎÏ×ÎÈÇÉ×ÉÓÈÌÊÓÏÛÊÓÐÃÈÍØ×ÉÙÊÓÚ×ÛÎÃ×ÄÓÉÈÓÎÕØ×Æ×ÐÍÌÏ×ÎÈÈÔÛÈØÍ×ÉÎÍÈÙÍÎÖÍÊÏ ÈÍÈÔ×Ê×ÕÇÐÛÈÓÍÎÉÍÖÈÍØÛÃèÔ×È×ÊÏ©ÎÍÎÙÍÎÖÍÊÏÓÎÕ¨ÍÊÉÍÏ×ÈÓÏ×ÉÊ×Ö×ÊÊ×ØÈÍÛÉ ©ÕÊÛÎØÖÛÈÔ×Ê×Ø¨ÔÛÉÚ××ÎÇÉ×ØÓÎÐÛÎØÇÉ×ÙÍØ×ÉÉÓÎÙ×ÈÔ× ªÉÅÔ×ÎùÓÈÓ×ÉÅ×Ê×ÖÓÊÉÈ Ú×ÕÓÎÎÓÎÕÈÍÙÊ×ÛÈ×ùÍÏÌÊ×Ô×ÎÉÓÆ×ìÐÛÎÉÛÎØâÍÎÓÎÕùÍØ×ÉÖÍÊØ×Æ×ÐÍÌÏ×ÎÈÛÉÛÅÛÃÈÍ ÌÊÍÈ×ÙÈÌÊÍÌ×ÊÈÃÊÓÕÔÈÉåÔÓÐ×ÛÐÐÒÇÊÓÉØÓÙÈÓÍÎÉÛØØÊ×ÉÉÈÔ×ÈÍÌÓÙÛÚÓÈØÓÖÖ×Ê×ÎÈÐÃÈÔ×ÃÛÐÐÛØØÊ×ÉÉ ÈÔ×ÖÍÐÐÍÅÓÎÕÏÛÓÎÓÉÉÇ×É ð×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉèÔ×É×ÛÊ××ÓÈÔ×ÊÉÈÊÇÙÈÇÊ×ÉÍÊÇÉ×ÉÈÔÛÈÅ×Ê×ÛÐÐÍÅ×ØÅÔ×Î ÍÊÓÕÓÎÛÐÐÃØ×Æ×ÐÍÌ×ØÛÎØÈÔ×ÎÈÔ×ÐÛÎØÇÉ×Ê×ËÇÓÊ×Ï×ÎÈÉÙÔÛÎÕ×ØèÃÌÓÙÛÐÐÃÈÔÓÉ ÓÎÙÐÇØ×ÉÙÔÛÎÕ×ÉÈÍÉ×ÈÚÛÙÑÊ×ËÇÓÊ×Ï×ÎÈÉÍÊÙÔÛÎÕ×ÉÈÍÈÔ×ÛÐÐÍÅ×ØÇÉ×ÉÅÓÈÔÓÎÛÎ ÛÊ×ÛèÔ×Ð×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÙÍØ×ÌÊÍÆÓÉÓÍÎÉÛÊ×ÓÎÈ×ÎØ×ØÈÍÌÊÍÈ×ÙÈÈÔ×É×ÇÉ×ÉÛÎØ ÉÈÊÇÙÈÇÊ×ÉÚÃ×ÎÉÇÊÓÎÕÈÔ×ÃÛÊ×©ÕÊÛÎØÖÛÈÔ×Ê×Ø¨èÔ×É×ÉÈÊÇÙÈÇÊ×ÉÛÊ×ÛÙÑÎÍÅÐ×ØÕ×ØÛÉ ÛÐ×ÕÛÐÇÉ×ÛÎØÛÊ×ÛÐÐÍÅ×ØÈÍÊ×ÏÛÓÎÓÎÈÔ×ÓÊ×ÄÓÉÈÓÎÕÉÈÛÈ××Æ×ÎÈÔÍÇÕÔÈÔ×ÃØÍÎÍÈ ÙÍÎÖÍÊÏÈÍÎ×ÅÊ×ÕÇÐÛÈÓÍÎÉèÔÓÉÊ×ÌÍÊÈÅÓÐÐÖÍÙÇÉÌÊÓÏÛÊÓÐÃÍÎÈÔÓÉÕÊÍÇÌ óÐÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉèÔ×É×ÛÊ×ÇÉ×ÉÍÊÉÈÊÇÙÈÇÊ×ÉÈÔÛÈÅ×Ê×Î×Æ×ÊÙÍÎÉÈÊÇÙÈ×ØÅÓÈÔ ÛÌÌÊÍÆÛÐÖÊÍÏÈÔ×ùÓÈÃûÙÍÏÏÍÎ×ÄÛÏÌÐ×ÓÉÈÔ×ÙÍÎÆ×ÊÉÓÍÎÍÖÛÕÛÊÛÕ×ÓÎÈÍÛÐÓÆÓÎÕ ÇÎÓÈÍÊÛÎÛØØÓÈÓÍÎÈÍÛÔÍÇÉ×ÅÓÈÔÍÇÈÌ×ÊÏÓÈÉèÔ×É×ÓÐÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÛÊ× ÌÛÊÈÓÙÇÐÛÊÐÃÌÊÍÚÐ×ÏÛÈÓÙÚ×ÙÛÇÉ×ÓÈÓÉÆ×ÊÃØÓÖÖÓÙÇÐÈÈÍØ×È×ÊÏÓÎ×ÓÖÈÔ×ÃÛÊ×ÙÍÎÉÈÊÇÙÈ×Ø ÉÛÖ×ÐÃÛÖÈ×ÊÈÔ×ÖÛÙÈéÍÏ×ÈÓÏ×ÉÈÔ×É×ÓÐÐ×ÕÛÐÉÈÊÇÙÈÇÊ×ÉÍÊÇÉ×ÉÛÊ×ÌÊÍÔÓÚÓÈ×ØÛÎØ ÅÔ×ÎÈÔ×ùÓÈÃÓÉÎÍÈÓÖÓ×ØÍÖÈÔ×ÓÊ×ÄÓÉÈ×ÎÙ×ÈÔ×ÌÊÍÌ×ÊÈÃÍÅÎ×ÊÏÇÉÈÅÍÊÑÅÓÈÔÈÔ×ùÓÈÃÈÍ ÕÛÓÎÙÍÏÌÐÓÛÎÙ×íÖÈ×ÎÈÔÓÉÊ×ËÇÓÊ×ÉÊ×ÏÍÆÛÐÍÖÈÔ×ÓÐÐ×ÕÛÐÉÈÊÇÙÈÇÊ× ø×ÉÈÊÇÙÈÓÍÎÍÖð×ÕÛÐîÍÎÙÍÎÖÍÊÏÓÈÓ×ÉïÍÉÈÒÇÊÓÉØÓÙÈÓÍÎÉ×ÉÈÛÚÐÓÉÔÙÊÓÈ×ÊÓÛÛÚÍÇÈÅÔ×ÎÛ ©ÕÊÛÎØÖÛÈÔ×Ê×Ø¨Ð×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÈÃÙ×ÛÉ×ÉÈÍÏÛÓÎÈÛÓÎÈÔ×ÓÊÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÊÓÕÔÈÉ åÔÓÐ××ÛÙÔÒÇÊÓÉØÓÙÈÓÍÎÓÉØÓÖÖ×Ê×ÎÈúÊ×Ï×ÊÈÍÎªÉÙÍØ××ÉÈÛÚÐÓÉÔ×ÉÈÔÓÉÐÓÏÓÈÅÔ×ÎÏÍÊ× ÈÔÛÎÍÖÈÔ×ÉÈÊÇÙÈÇÊ×ªÉÆÛÐÇ×ÓÉÚ×ÓÎÕÆÍÐÇÎÈÛÊÓÐÃÊ×ÌÐÛÙ×ØèÔÓÉÊÇÐ×ØÍ×ÉÎÍÈÛÌÌÐÃ ÓÎÈÔ×ÙÛÉ×ÍÖÎÛÈÇÊÛÐØÓÉÛÉÈ×ÊÍÊÙÛÉÇÛÐÈÃÎÍÈÓÎÈ×ÎÈÓÍÎÛÐÐÃÙÛÇÉ×ØÚÃÈÔ×ÍÅÎ×ÊÍÊ È×ÎÛÎÈóÎÈÔ×ÙÛÉ×ÍÖÖÓÊ×ÖÛÐÐÓÎÕÈÊ××ÉÖÐÍÍØ×ÛÊÈÔËÇÛÑ××ÈÙÛÉÈÊÇÙÈÇÊ×ÙÛÎÚ×ÖÇÐÐÃ Ø×ÉÈÊÍÃ×ØÛÎØÖÇÐÐÃÊ×ÚÇÓÐÈÓÎÈÔ×ÉÛÏ×ÖÍÍÈÌÊÓÎÈèÔÓÉÐÛÎÕÇÛÕ×ÓÉÆ×ÊÃÓÏÌÍÊÈÛÎÈÛÉÎÍÈ ÛÐÐÒÇÊÓÉØÓÙÈÓÍÎÉÔÛÆ×ÓÈ åôûèåûéèô÷úóððéìçêìíé÷ý éÇÚÉÈÓÈÇÈ×é×ÎÛÈ×úÓÐÐÅÛÉØÊÛÖÈ×ØÈÍÌÊÍÆÓØ×ØÓÊ×ÙÈÓÍÎÈÍÈÔ×ø×ÌÛÊÈÏ×ÎÈÍÖ÷ÙÍÐÍÕÃ Ê×ÕÛÊØÓÎÕÔÍÅ÷ÙÍÐÍÕÃÉÇÌ×ÊÆÓÉ×ÉÈÔ×éÈÛÈ×ÅÓØ×éïìÇÌØÛÈ×ÌÊÍÙ×ÉÉ÷ÙÍÐÍÕÃÔÛÉÈÔ×ÖÓÎÛÐ Ê×ÆÓ×ÅÛÇÈÔÍÊÓÈÃÍÆ×ÊÅÔÛÈÓÉÛØÍÌÈ×ØÓÎÛÐÐéïìÇÌØÛÈ×ÉÉÍÈÔ×ÃÔÛÆ×ÛÐÍÈÍÖÌÍÅ×ÊÍÆ×ÊÅÔÛÈ ÐÛÎÕÇÛÕ×ÓÉÇÉ×ØÓÎÈÔ×Î×ÅéïìùÍÎÖÇÉÓÍÎÛÊÍÉ×ÛÚÍÇÈ÷ÙÍÐÍÕÃªÉÛÇÈÔÍÊÓÈÃÍÆ×ÊÌÊÍÆÓÉÓÍÎÉ ÖÍÊ×ÄÓÉÈÓÎÕÊ×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×ÉóÎÍÊØ×ÊÈÍÙÐÛÊÓÖÃÈÔ×ÓÊÊÍÐ×ÈÔ×ð×ÕÓÉÐÛÈÇÊ×ÌÊÍÆÓØ×ØØÓÊ×ÙÈÓÍÎ ÈÔÛÈÙÛÎÚ×É××ÎÛÉÉÇÌÌÍÊÈÓÎÕÛÎÓÎØÓÆÓØÇÛÐÓÉÈÓÙÛÌÌÊÍÛÙÔÍÎ×ÅÔ×Ê×ÈÔ×ÐÍÙÛÐÒÇÊÓÉØÓÙÈÓÍÎÓÉ ÕÓÆ×ÎÖÊ××ØÍÏÈÍÏÛÑ×ÛÇÎÓËÇ×ÛÎØÛÊ×ÛÉÌ×ÙÓÖÓÙÙÍØ×èÔ×úÓÐÐ×ÎÉÇÊ×ÉÈÔÛÈ÷ÙÍÐÍÕÃÅÓÐÐÉÈÛÃ ÖÍÙÇÉ×ØÍÎÈÔ×ÚÓÕÌÓÙÈÇÊ×ÍÖÛÙÔÓ×ÆÓÎÕîÍî×ÈðÍÉÉÛÎØÐ×ÛÆ×ÈÔ×Ø×ÈÛÓÐÉÈÍ×ÛÙÔÒÇÊÓÉØÓÙÈÓÍÎ èÔÓÉÕÓÆ×ÉÐÍÙÛÐÒÇÊÓÉØÓÙÈÓÍÎÉÈÔ×ÛÚÓÐÓÈÃÈÍÙÔÍÍÉ×ÎÛÏ×ÉÛÎØÉ×ÈÊ×ÕÇÐÛÈÓÍÎÉÛÉÈÔ×ÃÉ××ÖÓÈÉÍ ÐÍÎÕÛÉîÍî×ÈðÍÉÉÓÉÛÙÔÓ×Æ×Øæ×ÊÃÉÌ×ÙÓÖÓÙÛÐÐÃð×ÕÓÉÐÛÈÇÊ×ÛØØÊ×ÉÉ×ØÈÔ×ÖÍÐÐÍÅÓÎÕ ÷ÙÍÐÍÕÃÙÛÎÛÌÌÊÍÆ×ÐÍÙÛÐéïìªÉÈÔÛÈØ×ÉÓÕÎÛÈ××ÄÓÉÈÓÎÕÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕ Ê×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×ÉÛÉÙÍÎÖÍÊÏÓÎÕÛÎØ ÖÍÊÊ×Ø×Æ×ÐÍÌÏ×ÎÈÍÊÖÇÐÐÊ×ÌÐÛÙ×Ï×ÎÈÍÖÛ Ê×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×ÌÊÍÆÓØ×ØîÍî×ÈðÍÉÉÍÖÔÛÚÓÈÛÈÖÇÎÙÈÓÍÎÓÉÛÙÔÓ×Æ×Ø 2 èÍÇÎØ×ÊÉÈÛÎØÈÔ×ÆÛÐÇ×ÍÖÈÔ×É×ÉÈÛÈ×Ï×ÎÈÉÍÎ×ÏÇÉÈÈÔÓÎÑÍÖÈÔ×ÓÉÉÇ×ÓÎÈ×ÊÏÉÍÖîÍî×È ðÍÉÉûÉÍÎ×ÍÖÈÔ×ÌÊÓÏÛÊÃÌÊÓÎÙÓÌÐ×ÉÍÖÈÔ×éÈÛÈ×ÅÓØ×éïìÇÌØÛÈ×÷ÙÍÐÍÕÃÓÉÊ×ÆÓ×ÅÓÎÕÐÍÙÛÐ éïìªÉÈÍ×ÎÉÇÊ×ÈÔ×Ê×ÓÉîÍî×ÈðÍÉÉÍÖÔÛÚÓÈÛÈÖÇÎÙÈÓÍÎéÍÐÍÎÕÛÉîÍî×ÈðÍÉÉÓÉÛÙÔÓ×Æ×Ø ÈÔ×ÎÛÏ×É××ÏÉÓÎÙÍÎÉ×ËÇ×ÎÈÓÛÐÓÎÈ×ÊÏÉÍÖ÷ÙÍÐÍÕÃªÉÊ×ÉÌÍÎÉÓÚÓÐÓÈÃèÔÓÉÛÐÐÍÅÉÐÍÙÛÐ ÒÇÊÓÉØÓÙÈÓÍÎÉÈÍÈÛÓÐÍÊÈÔ×ÓÊÙÍØ×ÐÛÎÕÇÛÕ×ÈÍÉÇÓÈÈÔ×Î××ØÉÍÖÈÔ×ÙÍÏÏÇÎÓÈÃÛÎØÏÛÈÙÔ ÐÛÎÕÇÛÕ×ÓÎÍÈÔ×ÊÛÊ×ÛÉÍÖÏÇÎÓÙÓÌÛÐÙÍØ× ïÛÎÃÌ×ÍÌÐ×Ú×ÐÓ×Æ×ÈÔÛÈÈÔ×È×ÊÏ©ÎÍÎÙÍÎÖÍÊÏÓÎÕ¨É×ÈÉÛÎ×ÕÛÈÓÆ×ÙÍÎÎÍÈÛÈÓÍÎÛÎØÓÏÌÛÙÈÉ ÌÊÍÌ×ÊÈÃÆÛÐÇ×ÉÛÎØÊ×ÉÛÐ×ÍÌÈÓÍÎÉèÔ×É×ÙÍÎÙ×ÊÎÉÔÛÆ×Ú××ÎÔ×ÛÊØÚÃÈÔ×ð×ÕÓÉÐÛÈÇÊ×ÛÎØ ÐÍÙÛÐÕÍÆ×ÊÎÏ×ÎÈÉÛÐÓÑ×ÛÎØÛÊ××Æ×ÎÙÓÈ×ØÓÎÈÔ×úÓÐÐ îûï÷ùôûîõ÷ ûÉÌÊ×ÆÓÍÇÉÐÃÉÈÛÈ×ØÛÎØÛÉÙÓÈ×ØÓÎÈÔ×úÓÐÐÈÔ×Ê×ÓÉÙÍÎÙ×ÊÎÖÊÍÏÉÔÍÊ×ÐÓÎ×ÔÍÏ×ÍÅÎ×ÊÉ ÛÙÊÍÉÉÈÔ×éÈÛÈ×ÅÔÍÛÊ×ÅÍÊÊÓ×ØÛÚÍÇÈÈÔ×ÓÏÌÐÓÙÛÈÓÍÎÉÍÖÈÔ×Î×ÅéïìÊ×ÕÇÐÛÈÓÍÎÉïÍÉÈéïì ÇÌØÛÈ×ÉÓÎÙÐÇØÓÎÕúÊ×Ï×ÊÈÍÎªÉÛÊ×ÈÔ×ÖÓÊÉÈÙÍÏÌÊ×Ô×ÎÉÓÆ×ÇÌØÛÈ×ÈÍÈÔ×ÌÐÛÎÉÓÎÙ×ÈÔ× ªÉ éÇÙÔÛÎÇÌØÛÈ×ÛÐÏÍÉÈÛÐÅÛÃÉÓÎÙÐÇØ×ÉÉÓÕÎÓÖÓÙÛÎÈÙÔÛÎÕ×ÉÈÍ×ÄÓÉÈÓÎÕÉÔÍÊ×ÐÓÎ×Ê×ÕÇÐÛÈÓÍÎÉ ÅÔÓÙÔÓÎÈÇÊÎÏ×ÛÎÉÛÉÓÕÎÓÖÓÙÛÎÈÓÎÙÊ×ÛÉ×ÓÎÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÈÓ×É èÔ×ËÇ×ÉÈÓÍÎÔÍÏ×ÍÅÎ×ÊÉÏÍÉÈÍÖÈ×ÎÛÉÑÓÉ©åÔÛÈÓÏÌÐÓÙÛÈÓÍÎÉÅÓÐÐÔÛÆÓÎÕÛÐ×ÕÛÐ ÎÍÎÙÍÎÖÍÊÏÓÎÕÉÈÊÇÙÈÇÊ×ÔÛÆ×ÖÍÊÏ×ý¨éÓÎÙ××ÛÙÔÒÇÊÓÉØÓÙÈÓÍÎÔÛÉØÓÖÖ×Ê×ÎÈÌÛÊÛÏ×È×ÊÉÖÍÊÐ×ÕÛÐ ÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÈÔ×ÛÎÉÅ×ÊÆÛÊÓ×ÉÕÊ×ÛÈÐÃ÷ÛÙÔùÓÈÃÉ×ÈÉØÓÖÖ×Ê×ÎÈÕÍÛÐÉÛÎØØÓÖÖ×Ê×ÎÈ Ê×ËÇÓÊ×Ï×ÎÈÉèÔÓÉÆÛÊÓÛÈÓÍÎÓÎÊ×ËÇÓÊ×Ï×ÎÈÉÔÛÉÐ×ØÈÍÛÅÓØ×ÛÊÊÛÃÍÖÛÎÉÅ×ÊÉéÈÛÖÖÚ×ÐÓ×Æ×É ÈÔÛÈÈÔÓÉÆÛÊÓÛÈÓÍÎÙÍÇÌÐ×ØÅÓÈÔÈÔ×ÙÍÏÌÐ×ÄÓÈÃÍÖÈÔ×ÈÍÌÓÙÔÛÉÐ×ÛØÈÍÉÍÏ×ÙÍÎÖÇÉÓÍÎóÎØÍÓÎÕ Ê×É×ÛÊÙÔÖÍÊÈÔÓÉÊ×ÌÍÊÈéÈÛÖÖÙÛÏ×ÛÙÊÍÉÉÛÅÓØ×ÊÛÎÕ×ÍÖÓÎÛÙÙÇÊÛÈ×ÉÈÛÈ×Ï×ÎÈÉÅÔ×ÎÛÌÌÐÓ×Ø ÓÎúÊ×Ï×ÊÈÍÎÉÇÙÔÛÉ óÖÃÍÇÊÔÍÇÉ×ÓÉÚÇÊÎ×ØØÍÅÎÃÍÇÅÍÇÐØÎÍÈÚ×ÛÚÐ×ÈÍÊ×ÚÇÓÐØÓÈ îÍÙÔÛÎÕ×ÉÅÔÛÈÉÍ×Æ×ÊÅÓÐÐÚ×ÛÐÐÍÅ×ØÈÍÃÍÇÊÔÍÏ× ãÍÇÊÔÍÏ×ÅÓÐÐÚ×Ê×ËÇÓÊ×ØÈÍÚ×ÈÍÊÎØÍÅÎÚÃÈÔ×ÕÍÆ×ÊÎÏ×ÎÈ é×ÐÐÓÎÕÃÍÇÊÔÍÏ×ÅÓÐÐÚ×Î×ÛÊÐÃÓÏÌÍÉÉÓÚÐ×Ú×ÙÛÇÉ×ÉÈÛÎØÛÊØÔÍÏ×ÐÍÛÎÉÛÊ×ÎÍÈ ÛÆÛÓÐÛÚÐ×ÖÍÊÎÍÎÙÍÎÖÍÊÏÓÈÓ×É ê×ÕÛÊØÐ×ÉÉÍÖÈÔ×ÛÙÙÇÊÛÙÃÍÖÈÔ×É×ÉÈÛÈ×Ï×ÎÈÉÈÔ×ÃÛÊ×ÙÍÎÙ×ÊÎÓÎÕÛÙÙÇÊÛÙÃÅÓÐÐÚ× ÛØØÊ×ÉÉ×ØÐÛÈ×ÊÓÎÈÔ×Ê×ÌÍÊÈøÇ×ÈÍÈÔ×É×ÙÍÎÙ×ÊÎÉÌÊÍÌ×ÊÈÃÍÅÎ×ÊÉÛÙÊÍÉÉÈÔ×éÈÛÈ× ×ÎÙÍÇÊÛÕ×ØÈÔ×ð×ÕÓÉÐÛÈÇÊ×ÈÍÛÐÐÍÅéïìªÉÈÔ×ÍÌÈÓÍÎÈÍÇÈÓÐÓÂ×ÛÐÈ×ÊÎÛÈ×ÅÍÊØÓÎÕÉÍÈÔÛÈÈÔ× È×ÊÏ©ÎÍÎÙÍÎÖÍÊÏÓÎÕ¨ÙÍÇÐØÚ×ÛÆÍÓØ×Øé××ÓÎÕÈÔÛÈÈÔ×ÎÛÏ×ÔÛÉÎÍÈÔÓÎÕÈÍØÍÅÓÈÔÈÔ× ÍÆ×ÊÛÊÙÔÓÎÕÕÍÛÐÉÍÖÈÔ×éïìÈÔ×ð×ÕÓÉÐÛÈÇÊ×ÛÕÊ××ØÈÍÛÐÐÍÅÐÍÙÛÐÒÇÊÓÉØÓÙÈÓÍÎÉÈÔ×ÍÌÈÓÍÎÍÖ ÙÛÐÐÓÎÕ×ÄÓÉÈÓÎÕÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÊ×ÉÓØ×ÎÙ×ÉÚÃÛÎÛÐÈ×ÊÎÛÈ×ÎÛÏ×ÉÔÍÇÐØÈÔ×ÐÍÙÛÐ ÕÍÆ×ÊÎÏ×ÎÈØ××ÏÓÈÛÌÌÊÍÌÊÓÛÈ× óÖÃÍÇÔÛÆ××Æ×ÊÙÔÛÎÕ×ØÃÍÇÊÎÛÏ×ÃÍÇÑÎÍÅÈÔÛÈÓÈÍÖÈ×ÎÉÍÇÎØÉÉÓÏÌÐ×ÊÈÔÛÎÓÈÊ×ÛÐÐÃÓÉûÈ ÖÓÊÉÈÚÐÇÉÔÙÔÛÎÕÓÎÕÈÔ×ÎÛÏ×ÛÌÌ×ÛÊÉÊÛÈÔ×ÊÉÈÊÛÓÕÔÈÖÍÊÅÛÊØÛÎØ×ÛÉÃíÎ×ÙÍÇÐØÒÇÉÈÉÅÛÌ ÍÇÈÈÔ×ÅÍÊØÉÛÎØÚ×ØÍÎ×ÊÓÕÔÈýåÊÍÎÕ èÔ×úÓÐÐÍÎÐÃÛÐÐÍÅÉÖÍÊÈÔ×ÎÛÏ×ÙÔÛÎÕ×ÈÍÚ×ÛÌÌÐÓ×ØÈÍÉÓÎÕÐ×ÖÛÏÓÐÃÊ×ÉÓØ×ÎÙ×ÉÅÓÈÔÓÎÈÔ× ÉÔÍÊ×ÐÓÎ×ÒÇÊÓÉØÓÙÈÓÍÎûÐÐÍÈÔ×ÊÈÃÌ×ÉÍÖÉÈÊÇÙÈÇÊ×ÉÅÓÈÔÓÎÈÔ×ÉÔÍÊ×ÐÓÎ×ÒÇÊÓÉØÓÙÈÓÍÎÓÎÙÐÇØÓÎÕ ÙÍÏÏ×ÊÙÓÛÐÏÇÐÈÓÖÛÏÓÐÃÚÇÐÑÔ×ÛØÉØÍÙÑÉÚÍÛÈÔÍÇÉ×É×ÈÙÛÊ××ÄÙÐÇØ×ØÛÎØÏÇÉÈÑ××ÌÈÔ× ÈÓÈÐ×ÍÖÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕèÔÓÉÏ×ÛÎÉÈÔ×ÅÔÍÐ×ÙÍØ×É×ÙÈÓÍÎÙÛÎÎÍÈÉÓÏÌÐÃÚ×ÙÔÛÎÕ×Ø ÓÎÉÈ×ÛØÛÎ×ÅÉÇÚÉ×ÙÈÓÍÎÅÓÈÔÓÎÈÔ×ÎÍÎÙÍÎÖÍÊÏÓÎÕÙÔÛÌÈ×ÊÅÍÇÐØÎ××ØÈÍÚ×ÛØØ×ØóÖÈÔ× Î×ÅÐÃÎÛÏ×ØÉÇÚÉ×ÙÈÓÍÎÓÉÅÓÈÔÓÎÈÔ×ÎÍÎÙÍÎÖÍÊÏÓÎÕÙÔÛÌÈ×ÊÅÓÐÐÓÈÔÛÆ×ÈÔ×Ø×ÉÓÊ×ØÓÏÌÛÙÈý ùÍÏÏÍÎÐÃÊ×ÉÓØ×ÎÙ×ÉÛÐÍÎÕÈÔ×ÉÔÍÊ×ÐÓÎ×ØÍÎÍÈÙÍÏÌÐÃÅÓÈÔÚÍÈÔÈÔ×ÉÔÍÊ×ÐÓÎ×ÛÎØÂÍÎÓÎÕ ÙÍØ×Ê×ÕÇÐÛÈÓÍÎÉèÔÓÉÓÉ×ÉÌ×ÙÓÛÐÐÃÈÊÇ×ÓÎÍÐØ×ÊÙÓÈÓ×ÉÐÓÑ×úÊ×Ï×ÊÈÍÎóÎÈÔ×É×ÙÛÉ×ÉÔÍÏ×É 3 ÅÍÇÐØÎÍÈÚ×ÙÔÛÎÕÓÎÕÎÛÏ×ÉÚÇÈÛØØÓÎÕÛÎÍÈÔ×ÊÎÛÏ×öÍÊ×ÄÛÏÌÐ×ÔÍÏ×ÉÅÍÇÐØÚ×ÙÛÐÐ×Ø Ð×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÌ×ÊÈÔ×ÂÍÎÓÎÕÙÍØ×ÛÎØ©×ÄÓÉÈÓÎÕÙÍÎÖÍÊÏÓÎÕ¨Ì×ÊÈÔ×ÉÔÍÊ×ÐÓÎ×ÙÍØ×èÔÓÉ ØÇÛÐÓÈÃÍÖÎÛÏ×ÉØÍ×ÉÎÍÈ×ÐÓÏÓÎÛÈ×ÈÔ×È×ÊÏÎÍÎÙÍÎÖÍÊÏÓÎÕÛÎØÈÔ×Ê×ÖÍÊ×ÌÊÍÚÛÚÐÃÅÍÇÐØ ÏÓÎÓÏÓÂ×ÈÔ×Ø×ÉÓÊ×ØÊ×ÉÇÐÈÛÎØÅÍÇÐØÛØØÈÍÊ×ÕÇÐÛÈÍÊÃÙÍÎÖÇÉÓÍÎ éÈÛÖÖÉÇÕÕ×ÉÈÉÈÔÛÈìÐÛÎÎÓÎÕùÍÏÏÓÉÉÓÍÎÅ×ÓÕÔÈÔ×ÍÌÈÓÍÎÉÙÛÊ×ÖÇÐÐÃÍÖÛØØÓÎÕÛÎÛØØÓÈÓÍÎÛÐ ÎÛÏ×ÖÍÊ×ÄÓÉÈÓÎÕÊ×ÉÓØ×ÎÙ×ÉÈÔÛÈØÍÎÍÈÙÍÏÌÐÃÅÓÈÔÉÔÍÊ×ÐÓÎ×Ê×ÕÇÐÛÈÓÍÎÉèÔÓÉÊ×ÆÓÉÓÍÎÅÍÇÐØ ÐÓÑ×ÐÃÛÐÐ×ÆÓÛÈ×ÔÍÏ×ÍÅÎ×ÊÉÙÍÎÙ×ÊÎÉÚÇÈÅÍÇÐØÛÐÉÍÛØØÙÍÏÌÐ×ÄÓÈÃÈÍÈÔ×ÙÍØ× øí÷éûøøóîõûî÷åîûï÷ùôûîõ÷èô÷ê÷ëçóê÷ï÷îèéý óÎÈ×Ê×ÉÈÓÎÕÐÃÈÔ×ÎÛÏ×ÙÔÛÎÕ×ÓÈÉ×ÐÖØÍ×ÉÎÍÈÎ×Ù×ÉÉÛÊÓÐÃÙÔÛÎÕ×ÈÔ×Ê×ÕÇÐÛÈÓÍÎÉúÊ×Ï×ÊÈÍÎ ÙÍÇÐØÔÛÆ×ÛÉÌ×ÙÓÛÐÎÛÏ×ÖÍÊÉÔÍÊ×ÐÓÎ×Ê×ÉÓØ×ÎÙ×ÉÅÓÈÔÍÇÈØ×ÌÛÊÈÓÎÕÖÊÍÏÈÔ×ÙÇÊÊ×ÎÈÐÃØÊÛÖÈ×Ø Ê×ÕÇÐÛÈÓÍÎÉóÎÖÛÙÈÈÔ×É×ÙÈÓÍÎÛÚÍÇÈÊ×ÌÛÓÊÏÛÓÎÈ×ÎÛÎÙ×ÛÎØ×ÄÌÛÎÉÓÍÎÙÍÇÐØÚ×ÏÍØÓÖÓ×ØÚÃ ÛØØÓÎÕÈÔ×Î×ÅÎÛÏ×ÈÍÈÔ×ÈÓÈÐ×èÔÓÉÅÍÇÐØ×ÎÉÇÊ×ÈÔ×ÉÛÏ×ÌÊÍÆÓÉÓÍÎÉÛÌÌÐÃÈÍÛÐÐÐ×ÕÛÐÐÃ ×ÉÈÛÚÐÓÉÔ×Ø×ÄÓÉÈÓÎÕÉÈÊÇÙÈÇÊ×ÉèÔÓÉÓÎÙÐÇØ×É×Ä×ÏÌÈÓÍÎÉÛÎØÊ×ËÇÓÊ×Ï×ÎÈÉÉÇÙÔÛÉ öÓÊ×ØÛÏÛÕ×ÛÎØØ×ÉÈÊÇÙÈÓÍÎÙÛÎÚ×ÖÇÐÐÃÊ×ÌÐÛÙ×ØÌÊÍÆÓØ×ØÈÔ×ÛÌÌÐÓÙÛÎÈÛÌÌÐÓ×ÉÖÍÊÛ ÚÇÓÐØÓÎÕÌ×ÊÏÓÈÅÓÈÔÓÎÃ×ÛÊÍÖÈÔ×ÙÛÉÇÛÐÈÃèÔÓÉÐÛÎÕÇÛÕ×ÓÉÙÇÊÊ×ÎÈÐÃÓÎÈÔ×ÙÍØ×ÛÎØ ÅÍÇÐØÛÌÌÐÃÈÍÛÐÐÐ×ÕÛÐÐÃ×ÉÈÛÚÐÓÉÔ×ØÉÈÊÇÙÈÇÊ×ÉÊ×ÕÛÊØÐ×ÉÉÍÖÈÔ×ÓÊÎÛÏ× ÷ÄÌÛÎÉÓÍÎÍÖÐ×ÉÉÈÔÛÎÛ ÉËÇÛÊ×ÖÍÍÈÌÊÓÎÈÓÉÛÐÐÍÅ×ØÅÓÈÔÍÇÈÛÎÃÓÎÙÊ×ÛÉ×ÓÎÎÛÈÓÆ× Æ×Õ×ÈÛÈÓÍÎèÔÓÉÐÛÎÕÇÛÕ×ÓÉÙÇÊÊ×ÎÈÐÃÓÎÈÔ×ÙÍØ×ÛÎØÅÍÇÐØÛÌÌÐÃÛÙÊÍÉÉÈÔ×ÚÍÛÊØ Ê×ÕÛÊØÐ×ÉÉÍÖÈÔ×ÎÛÏ× ÷ÄÌÛÎÉÓÍÎÓÎÈÍÈÔ×ÚÇÖÖ×ÊÙÛÎÚ×ÛÐÐÍÅ×ØÓÎÉÌ×ÙÓÖÓÙÙÓÊÙÇÏÉÈÛÎÙ×ÉÅÓÈÔÛÎÓÎÙÊ×ÛÉ×ÍÖ ÎÛÈÓÆ×Æ×Õ×ÈÛÈÓÍÎûÕÛÓÎÈÔÓÉÓÉ×ÄÓÉÈÓÎÕÌÊÍÌÍÉ×ØÐÛÎÕÇÛÕ×ÛÎØÅÍÇÐØÙÍÎÈÓÎÇ×ÈÍ ÛÌÌÐÃÈÍÛÐÐ×ÄÓÉÈÓÎÕÐ×ÕÛÐÐÃ×ÉÈÛÚÐÓÉÔ×ØÉÈÊÇÙÈÇÊ×ÉÊ×ÕÛÊØÐ×ÉÉÍÖÈÔ×ÓÊÎÛÏ× ûÐÈ×ÊÎÛÈ×ÐÃúÊ×Ï×ÊÈÍÎÙÍÇÐØÉÓÕÎÓÖÓÙÛÎÈÐÃÏÍØÓÖÃÈÔ×ÛÌÌÐÓÙÛÚÓÐÓÈÃÍÖÈÔ×éïìÓÎÊ×ÐÛÈÓÍÎÈÍÐ×ÕÛÐ ×ÄÓÉÈÓÎÕÊ×ÉÓØ×ÎÙ×ÉÚÃÎÍÈÍÎÐÃÙÔÛÎÕÓÎÕÈÔ×ÎÛÏ×ÚÇÈÛÐÉÍÚÃ×Ä×ÏÌÈÓÎÕÈÔ×ÏÖÊÍÏÈÔ× ÎÍÎÙÍÎÖÍÊÏÓÎÕÊ×ÕÇÐÛÈÓÍÎÉóÎÉÍÏ×ÅÛÃÉÈÔÓÉÅÍÇÐØÚ×Ú×Î×ÖÓÙÓÛÐÚ×ÙÛÇÉ×ÈÔ×ÃÅÍÇÐØÚ× ×Ä×ÏÌÈÖÊÍÏÏÍÉÈÌÊÍÆÓÉÓÍÎÉÍÖÈÔ×éïìÚÇÈÓÎÍÈÔ×ÊÅÛÃÉÈÔ×ÃÅÍÇÐØÚ×ÏÍÊ×Ê×ÉÈÊÓÙÈ×Ø Ú×ÙÛÇÉ×ÈÔ×ÃÅÍÇÐØÎÍÈÚ×ÛÚÐ×ÈÍÇÈÓÐÓÂ×ÈÔ×ÎÍÎÙÍÎÖÍÊÏÓÎÕÐÛÎÕÇÛÕ×ÓÎÈ×ÎØ×ØÈÍÌÊÍÆÓØ× ÖÐ×ÄÓÚÓÐÓÈÃÉÇÙÔÛÉÌÊÍÆÓÉÓÍÎÉÖÍÊ×ÄÌÛÎÉÓÍÎÉèÔ×ÌÍÈ×ÎÈÓÛÐÓÏÌÛÙÈÉÍÖÈÔÓÉÛÊ×ØÓÉÙÇÉÉ×ØÐÛÈ×ÊÓÎ ÈÔ×Ê×ÌÍÊÈöÍÊÎÍÅÓÈÓÉÓÏÌÍÊÈÛÎÈÈÍÊ×ÙÍÕÎÓÂ×ÈÔÛÈÛØØÓÎÕÛÎ×ÅÎÛÏ×ÅÓÐÐÎÍÈÛÇÈÍÏÛÈÓÙÛÐÐÃ ÙÔÛÎÕ×ÈÔ×Ê×ÕÇÐÛÈÓÍÎÉ åóððûøøóîõûî÷åîûï÷öíê÷äóéèóîõð÷õûðê÷éóø÷îù÷éô÷ðìåóèôôíï÷ ðíûîéý íÎ×ÍÖÈÔ×ÏÍÉÈÙÍÏÏÍÎÊ×ÛÉÍÎÉÐÓÉÈ×ØÛÉÛÚ×Î×ÖÓÈÍÖÛØØÓÎÕÛÉÌ×ÙÓÖÓÙÙÍØ×É×ÙÈÓÍÎÖÍÊ ×ÄÓÉÈÓÎÕÊ×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×ÓÉÈÔ×ÙÍÎÙ×ÊÎÈÔÛÈÛÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÊ×ÉÓØ×ÎÙ×ÅÓÐÐÎÍÈÚ×ÛÚÐ× ÈÍÚ×ÉÍÐØÇÉÓÎÕÈÊÛØÓÈÓÍÎÛÐÐ×ÎØÓÎÕÌÊÛÙÈÓÙ×ÉèÔÓÉÓÉÌÊÍÚÛÚÐÃÈÔ×ÏÍÉÈÙÍÎÙ×ÊÎÓÎÕÍÖÛÐÐ ÌÍÈ×ÎÈÓÛÐÓÏÌÛÙÈÉÙÓÈ×ØÚ×ÙÛÇÉ×ÍÖÈÔ×ÅÓØ×Ê×ÛÙÔÓÎÕÓÏÌÐÓÙÛÈÓÍÎÉóÖÈÊÇ×ÈÔÓÉÅÍÇÐØÙÛÇÉ×Û ÉÓÕÎÓÖÓÙÛÎÈÓÏÌÛÙÈÍÎúÊ×Ï×ÊÈÍÎÎÍÈÍÎÐÃÓÎÊ×ÐÛÈÓÍÎÉÔÓÌÈÍÉÔÍÊ×ÐÓÎ×Ê×ÕÇÐÛÈÓÍÎÉÚÇÈ ÎÍÎÙÍÎÖÍÊÏÓÎÕÊ×ÕÇÐÛÈÓÍÎÉÛÉÛÅÔÍÐ×øÇ×ÈÍÈÔ×ÌÍÈ×ÎÈÓÛÐÓÏÌÛÙÈÉéÈÛÖÖÉÌ×ÎÈÙÍÎÉÓØ×ÊÛÚÐ× ÈÓÏ×Ê×É×ÛÊÙÔÓÎÕÈÔÓÉÈÍÌÓÙÛÎØÔÛÉÎÍÈÚ××ÎÛÚÐ×ÈÍÖÓÎØ×ÆÓØ×ÎÙ×ÈÔÛÈÉÇÌÌÍÊÈÉÈÔ×ÙÐÛÓÏ åÔÓÐ×ÈÔ×ÇÌØÛÈ×ØéïìÅÓÐÐÐÓÑ×ÐÃÙÛÇÉ×ÏÍÊ×ÔÍÏ×ÉÈÍÚ×Ð×ÕÛÐÐÃÎÍÎÙÍÎÖÍÊÏÓÎÕÈÔ×Ê×ÛÊ× ÛÐÊ×ÛØÃÛÌÐ×ÈÔÍÊÛÍÖ×ÄÓÉÈÓÎÕÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÈÔÊÍÇÕÔÍÇÈúÊ×Ï×ÊÈÍÎèÔ×ÙÇÊÊ×ÎÈ ÎÍÎÙÍÎÖÍÊÏÓÎÕÊ×ÕÇÐÛÈÓÍÎÉÔÛÆ×Ê×ÏÛÓÎ×ØÏÍÉÈÐÃÇÎÙÔÛÎÕ×ØÉÓÎÙ×ÈÔ×ÛØÍÌÈÓÍÎÍÖÈÔ× âÍÎÓÎÕùÍØ×ïÍÉÈÔÍÇÉ×ÉÍÎÈÔ×ÏÛÊÑ×ÈÈÍØÛÃÛÊ×Ð×ÕÛÐÐÃÎÍÎÙÍÎÖÍÊÏÓÎÕÓÎÉÍÏ×ÖÛÙ×ÈÍÊ ÛÎÍÈÔ×ÊîÍÎÙÍÏÌÐÓÛÎÙ×ÅÓÈÔÛÎÃÉÓÎÕÐ×ÙÍØ×Ê×ËÇÓÊ×Ï×ÎÈÙÛÇÉ×ÉÛÉÈÊÇÙÈÇÊ×ÈÍÚ×ÙÐÛÉÉÓÖÓ×Ø ÛÉÐ×ÕÛÐÐÃÎÍÎÙÍÎÖÍÊÏÓÎÕèÔ×ÚÇÓÐØÓÎÕÙÍØ×ÓÉÇÌØÛÈ×Ø×Æ×ÊÃÈÔÊ××Ã×ÛÊÉìÊ×ÉÇÏÛÚÐÃÔÍÏ×É ÚÇÓÐÈÚ×ÖÍÊ× ÏÛÃÎÍÈÙÍÏÌÐÃÅÓÈÔÎ×ÅÊ×ÕÇÐÛÈÓÍÎÉÛÎØÛÊ×ÈÔ×Ê×ÖÍÊ×ÙÍÇÐØÚ×Ð×ÕÛÐÐÃ 4 ÎÍÎÙÍÎÖÍÊÏÓÎÕíÖÈ×ÎÌ×ÍÌÐ×ØÍÎªÈ×Æ×ÎÑÎÍÅÈÔ×ÓÊÔÍÇÉ×ÓÉÙÍÎÉÓØ×Ê×ØÛÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÈÃ óÎÖÛÙÈÏ×Ê×ÐÃÔÛÆÓÎÕÛÎÇÎÌÛÆ×ØØÊÓÆ×ÅÛÃÓÉÛÎÍÎÙÍÎÖÍÊÏÓÈÃ óÖÐ×ÎØ×ÊÉÅÍÎªÈÐ×ÎØÈÍÛÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÈÃÛÎØúÊ×Ï×ÊÈÍÎÓÉÖÇÐÐÍÖÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÈÓ×É ÔÍÅÔÛÉÈÔÓÉÌÊÍÚÐ×ÏÕÍÎ×ÇÎÎÍÈÓÙ×ØÉÓÎÙ×ý÷Æ×ÎÏÍÊ×Ì×ÊÌÐ×ÄÓÎÕÅÔÃÓÉÈÔ×ÖÍÙÇÉÍÎÐÃ ÍÎÉÓÎÕÐ×ÖÛÏÓÐÃÊ×ÉÓØ×ÎÙ×ÉÍÎÉÔÍÊ×ÐÓÎ×ýóÎÐÓÕÔÈÍÖÈÔÓÉÈÍÌÓÙìÐÛÎÎ×ÊÉÖÍÊÈÔ×ùÓÈÃÍÖ úÛÓÎÚÊÓØÕ×óÉÐÛÎØÊ×ÆÓ×Å×ØÛÐÐÅÛÈ×ÊÖÊÍÎÈÔÍÏ×ÉÛÐ×ÉÖÊÍÏòÇÐÃ ÈÍòÇÐÃ ÛÎØÖÍÇÎØ ÔÍÏ×ÉÛÐ×ÉéÈÛÖÖÇÉ×ØÛ×ÊÓÛÐÌÔÍÈÍÕÊÛÌÔÉÈÍØ×È×ÊÏÓÎ×ÅÔÓÙÔÔÍÏ×ÉÅ×Ê×ÎÍÎÙÍÎÖÍÊÏÓÎÕÓÎ È×ÊÏÉÍÖÉÔÍÊ×ÐÓÎ×Ê×ÕÇÐÛÈÓÍÎÉÉÇÙÔÛÉÚÇÖÖ×ÊÉíÖÈÔ× ÉÛÐ×ÉÅ×Ê×ÙÍÎÖÍÊÏÓÎÕÛÎØ Å×Ê×ÎÍÎÙÍÎÖÍÊÏÓÎÕèÔ×ÛÆ×ÊÛÕ×ÛÉÉ×ÉÉ×ØÆÛÐÇ×ÛÎØÛÆ×ÊÛÕ×ÉÛÐ×ÌÊÓÙ×ÛÊ×ÐÓÉÈ×ØÚ×ÐÍÅ úÛÉ×ØÍÎÈÔÓÉÉÈÇØÃÓÈÛÌÌ×ÛÊÉÈÔÛÈÈÔ×ÈÓÈÐ×ÍÖÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÏÍØ×ÊÛÈ×ÐÃÓÎÙÊ×ÛÉ×ØÈÔ× ÆÛÐÇ×ÍÖÈÔ×ÔÍÏ×ÌÊÍÚÛÚÐÃØÇ×ÈÍÈÔ×ÔÍÏ×ÉÌÊÍÄÓÏÓÈÃÈÍÈÔ×ÅÛÈ×ÊÛÎØØÓØÎÍÈÓÏÌÛÙÈÈÔ× ÛÚÓÐÓÈÃÈÍÉ×ÐÐÓÈ Average Sale Price AverageAssessed Value Conforming1,597,519964,265 Nonconforming1,723,273854,389 åôûèøíèô÷ð÷îøóîõõçóø÷ðóî÷ééûãý éÓÎÙ×öÛÎÎÓ×ïÛ×ÛÎØöÊ×ØØÓ×ïÛÙÍÅÎÇÌÅÛÊØÉÍÖÍÖÈÔ×ÈÊÛØÓÈÓÍÎÛÐÐÍÛÎÉÓÎÈÔ×ÙÍÇÎÈÊÃ ÓÈÓÉÓÎÏÍÊÈÕÛÕ×ÙÍÏÌÛÎÓ×ÉªÚ×ÉÈÓÎÈ×Ê×ÉÈÉÈÍÖÍÐÐÍÅÈÔ×öÛÎÎÓ×ïÛ×ÛÎØöÊ×ØØÓ×ïÛÙÕÇÓØ×ÐÓÎ×É ÈÍÓÎÙÊ×ÛÉ×ÈÔ×ÌÊÍÚÛÚÓÐÓÈÃÈÔ×ÃÅÓÐÐ×Æ×ÎÈÇÛÐÐÃÌÇÊÙÔÛÉ×ÈÔ×ÐÍÛÎöÛÎÎÓ×ïÛ×ÛÎØöÊ×ØØÓ×ïÛÙ ×ÛÙÔÔÛÆ×É×ÌÛÊÛÈ×ÕÇÓØ×ÚÍÍÑÉ×ÛÙÔÈÍÈÛÐÓÎÕÇÌÅÛÊØÉÍÖ ÌÛÕ×ÉÅÓÈÔÆ×ÊÃÉÌ×ÙÓÖÓÙÐÍÛÎ ÙÊÓÈ×ÊÓÛúÍÈÔÔÛÆ×ÉÌ×ÙÓÖÓÙÉ×ÙÈÓÍÎÉÈÔÛÈØÓÉÙÇÉÉÐÛÎØÇÉ×ÉÛÎØÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉèÔ× ÛÌÌÐÓÙÛÚÐ×É×ÙÈÓÍÎÉÛÊ×ÉÔÍÅÎÓÎûÈÈÛÙÔÏ×ÎÈóóåÔÓÐ×ÚÍÈÔÚÍÍÑÉÔÛÆ×ØÓÖÖ×Ê×ÎÈÐÛÎÕÇÛÕ×ÈÔ×Ã ÚÍÈÔÛØØÊ×ÉÉÈÔ×ÉÛÏ×ÙÍÎÙ×ÌÈÉÓÎÈ×ÊÏÉÍÖÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÈÔ×ÃÅÓÐÐÐ×ÎØÉÍÐÍÎÕÛÉÈÔ× ÎÍÎÙÍÎÖÍÊÏÓÈÃÙÛÎÚ×Ê×ÌÐÛÙ×ØóÎÍÈÔ×ÊÅÍÊØÉÈÔ×ÃÛÊ×ÐÍÍÑÓÎÕÖÍÊÛ©ÏÍÎ×ÃÚÛÙÑÕÇÛÊÛÎÈ××¨ óÖÓÈÚÇÊÎÉØÍÅÎÈÔ×ÃÅÛÎÈÈÍÚ×ÛÚÐ×ÈÍÊ×ÚÇÓÐØÓÈ óÎÈ×Ê×ÉÈÓÎÕÐÃÎÍÈÛÐÐÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÛÊ×ÙÊ×ÛÈ×Ø×ËÇÛÐÓÎÈÔ××Ã×ÉÍÖöÛÎÎÓ×ïÛ×ÛÎØöÊ×ØØÓ× ïÛÙèÔ×ÕÇÓØ×ÐÓÎ×ÉÖÍÙÇÉÉÌ×ÙÓÖÓÙÛÐÐÃÍÎÈÔ×ÇÉ×ÍÖÈÔ×ÌÊÍÌ×ÊÈÃÉÇÙÔÛÉÊ×ÉÓØ×ÎÈÓÛÐÍÊ ÙÍÏÏ×ÊÙÓÛÐÊÛÈÔ×ÊÈÔÛÎÍÎÍÈÔ×ÊÈÃÌ×ÉÍÖÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÈÔÛÈÊ×ÐÛÈ×ÈÍÈÔ×ÚÇÓÐØÓÎÕªÉÐÍÙÛÈÓÍÎÍÎ ÈÔ×ÌÊÍÌ×ÊÈÃèÔ×É×Ð×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÇÉ×ÉÛÊ×É××ÎÛÉÏÍÊ×ÊÓÉÑÃÚ×ÙÛÇÉ×ÏÛÎÃ ÒÇÊÓÉØÓÙÈÓÍÎÉØÍÎÍÈÛÐÐÍÅÈÔ×ÓÊÊ×ÌÐÛÙ×Ï×ÎÈÓÖØ×ÉÈÊÍÃ×ØöÛÎÎÓ×ïÛ××Æ×ÎÉÔÍÅÉÓÎÛÙÔÛÊÈÈÔÛÈ ÉÛÃÉÈÔ×ÃÅÓÐÐÐ×ÎØÈÍÛÎÓÐÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÇÉ×Î×Æ×ÊÌ×ÊÏÓÈÈ×ØÌÊÍÆÓØ×ØÈÔ×ÐÍÙÛÐ ÒÇÊÓÉØÓÙÈÓÍÎÅÓÐÐÛÐÐÍÅÓÈÈÍÚ×Ê×ÚÇÓÐÈíÈÔ×ÊÈÃÌ×ÉÍÖÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÛÊ×ÎÍÈÉÙÊÇÈÓÎÓÂ×ØÈÔ×ÅÛÃ ÎÍÎÙÍÎÖÍÊÏÓÎÕÇÉ×ÉÛÊ×Ú×ÙÛÇÉ×ÈÔ×Ê×ÛÊ×ÈÃÌÓÙÛÐÐÃÏÍÊ×ÙÐ×ÛÊÛÉÉÇÊÛÎÙ×ÉÈÔÛÈÈÔ×ÃÙÛÎÚ× Ê×ÚÇÓÐÈÓÎÈÔ×ÙÛÉ×ÍÖÖÓÊ×ÍÊÎÛÈÇÊÛÐØÓÉÛÉÈ×ÊûÉÔÛÉÚ××ÎÈÔ×ÙÛÉ×ÉÓÎÙ×úÊ×Ï×ÊÈÍÎ ÛÐÐÍÅÉÖÍÊÖÇÐÐÊ×ÚÇÓÐØÓÎÈÔ×ÙÛÉ×ÍÖÖÓÊ×ÎÍÈÓÎÈ×ÎÈÓÍÎÛÐÐÃÙÛÇÉ×ØÚÃÈÔ×ÍÅÎ×ÊÖÍÊÛÐÐÈÃÌ×ÉÍÖ ÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉÎÍÙÔÛÎÕ×ÈÍÈÔÓÉÌÊÍÆÓÉÓÍÎÓÉÌÊÍÌÍÉ×Ø åôûèøíûììêûóé÷êééûãý òÇÉÈÚ×ÙÛÇÉ×ÈÔ×öÛÎÎÓ×ïÛ×ÛÎØöÊ×ØØÓ×ïÛÙÕÇÓØ×ÐÓÎ×ÉÛÐÐÍÅÖÍÊÐ×ÎØÓÎÕÈÍÐ×ÕÛÐ ÎÍÎÙÍÎÖÍÊÏÓÈÓ×ÉØÍ×ÉÎÍÈÏ×ÛÎÈÔ×ÃÛÊ×ÛÙÈÇÛÐÐÃÐ×ÎØÓÎÕÍÎÈÔ×É×ÌÊÍÌ×ÊÈÓ×ÉìÊÍÌÍÎ×ÎÈÉÍÖ ÈÔ×ÛÐÈ×ÊÎÛÈ×ÎÛÏ×ÔÛÆ×ÌÍÓÎÈ×ØÍÇÈÈÔÛÈÐÍÛÎÉÛÊ×ÔÛÊØ×ÊÈÍÉ×ÙÇÊ×ØÇ×ÈÍÈÔ××ÙÍÎÍÏÃ úÛÎÑÉÛÊ×Ú×ÓÎÕÏÍÊ×ÙÛÊ×ÖÇÐÓÎÙÔÍÍÉÓÎÕÐÍÛÎÉìÊÍÌÍÎ×ÎÈÉÙÛÇÈÓÍÎÈÔÛÈ×Æ×ÎÓÖÈÔ× ÕÇÓØ×ÚÍÍÑÉÉÛÃÛÎÍÎÙÍÎÖÍÊÏÓÈÃÙÛÎÕ×ÈÛÐÍÛÎÈÔ×ÃÛÊ×ÎÍÈÛÉØ×ÉÓÊÛÚÐ×ÓÎÛÔÓÕÔÐÃÙÍÏÌ×ÈÓÈÓÆ× ÏÛÊÑ×È 5 óÎÍÊØ×ÊÈÍØ×È×ÊÏÓÎ×ÓÖÐÍÛÎÉÛÊ×Ú×ÓÎÕØ×ÎÓ×ØØÇ×ÈÍÈÔ×ÓÊÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÉÈÛÈÇÉéÈÛÖÖ ÙÍÎÈÛÙÈ×ØÐÍÙÛÐÛÌÌÊÛÓÉ×ÊÉÈÍÛÉÑÖÍÊÓÎÖÍÊÏÛÈÓÍÎéÓÎÙ×ÓÈÓÉÈÔ×ÛÌÌÊÛÓÉ×ÊÈÔÛÈÏÛÑ×ÉÈÔ× Ø×È×ÊÏÓÎÛÈÓÍÎÈÔÛÈÛÌÊÍÌ×ÊÈÃÓÉÎÍÎÙÍÎÖÍÊÏÓÎÕÓÈÉ××Ï×ØÊ×ÛÉÍÎÛÚÐ×ÈÍÛÉÉÇÏ×ÈÔ×ÃÅÍÇÐØÚ× ÛÕÍÍØÉÍÇÊÙ×ÍÖÓÎÖÍÊÏÛÈÓÍÎÛÚÍÇÈÅÔÛÈÓÏÌÛÙÈÉÈÔÛÈØ×È×ÊÏÓÎÛÈÓÍÎÏÛÑ×éÈÛÖÖÙÛÐÐ×Ø×Æ×ÊÃ ÛÌÌÊÛÓÉ×ÊÓÎÈÔ×ÌÔÍÎ×ÚÍÍÑ÷ÏÛÓÐÙÍÊÊ×ÉÌÍÎØ×ÎÙ×ÖÊÍÏÈÔÍÉ×ÅÓÐÐÓÎÕÈÍÈÛÑ×ÈÔ×ÈÓÏ×ÈÍÅÊÓÈ× ÛÐ×ÈÈ×ÊÓÉÉÔÍÅÎÓÎûÈÈÛÙÔÏ×ÎÈóóó éÈÛÖÖÛÉÑ×ØÛÌÌÊÛÓÉ×ÊÉÓÖÈÔ×ÃÔÛØ×Æ×ÊÅÓÈÎ×ÉÉ×ØÛÐÍÛÎØ×ÎÓ×ØÚ×ÙÛÇÉ×ÍÖÈÔ×ÌÊÍÌ×ÊÈÓ×ÉÐ×ÕÛÐ ÎÍÎÙÍÎÖÍÊÏÓÎÕÉÈÛÈÇÉíÖÛÐÐÈÔ×ÛÌÌÊÛÓÉ×ÊÉÛÉÑ×ØÎÍÍÎ×ÔÛØÉ××ÎÓÈÔÛÌÌ×ÎÈÍÛÐ×ÕÛÐ ÎÍÎÙÍÎÖÍÊÏÓÈÃÈÔÛÈÙÍÇÐØÚ×Ê×ÚÇÓÐÈÛÖÈ×ÊÖÓÊ×ûÖ×ÅÉÔÛÊ×ØÙÛÇÈÓÍÎÛÊÃÈÛÐ×ÉÛÚÍÇÈÐ×ÕÛÐ ÎÍÎÙÍÎÖÍÊÏÓÎÕÇÉ×ÉÈÔÛÈÅ×Ê×ÎÍÈÛÐÐÍÅ×ØÈÍÊ×ÚÇÓÐØÛÖÈ×ÊÖÓÊ×ÚÇÈÎÍÎ×ÔÛØÅÓÈÎ×ÉÉ×ØÛ ÌÊÍÚÐ×ÏÖÍÊÛÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÉÈÊÇÙÈÇÊ×óÎÕ×Î×ÊÛÐÈÔ×ÃÉÛÓØÈÔÛÈÈÔ×È×ÊÏØÍ×ÉÎÍÈÌÊÍÔÓÚÓÈ ÐÍÛÎÉÚÇÈÓÈÓÉÍÖÈ×ÎÉ××ÎÛÉÛÊ×ØÖÐÛÕÚ×ÙÛÇÉ×ÍÖÈÔ×ÅÓØ×ÆÛÊÓ×ÈÃÍÖÊ×ËÇÓÊ×Ï×ÎÈÉÖÊÍÏ ÒÇÊÓÉØÓÙÈÓÍÎÈÍÒÇÊÓÉØÓÙÈÓÍÎøÇ×ÈÍÈÔ×ÆÛÊÓ×ÈÃÍÖÊ×ËÇÓÊ×Ï×ÎÈÉÉÌ×ÙÓÖÓÙÛÈÈ×ÎÈÓÍÎÏÇÉÈÚ×ÌÛÓØÚÃ ÈÔ×ÛÌÌÊÛÓÉ×ÊÉÈÍ×ÎÉÇÊ×ÈÔ×ÎÍÎÙÍÎÖÍÊÏÓÈÃÙÛÎÚ×Ê×ÚÇÓÐÈÓÎÈÔ×ÙÛÉ×ÍÖÖÓÊ××ÈÙèÔÓÉÛÉÉÇÊÛÎÙ× ÓÉÈÃÌÓÙÛÐÐÃÌÊÍÆÓØ×ØÓÎÈÔ×ÅÛÃÍÖÛÐ×ÈÈ×ÊÖÊÍÏÈÔ×ÒÇÊÓÉØÓÙÈÓÍÎÍÊÉÓÏÌÐÃÉÇÚÏÓÈÈÓÎÕÛÙÍÌÃÍÖÈÔ× ÛÌÌÐÓÙÛÚÐ×ÙÍØ×É×ÙÈÓÍÎøÇ×ÈÍÈÔ×Î××ØÖÍÊÈÔÓÉÛØØÓÈÓÍÎÛÐØÍÙÇÏ×ÎÈÛÈÓÍÎÓÈÓÉÅÓØ×ÐÃ ÇÎØ×ÊÉÈÍÍØÈÔÛÈÛÐÍÛÎÖÍÊÛÎÍÎÙÍÎÖÍÊÏÓÎÕÇÉ×ÅÓÐÐÌÊÍÚÛÚÐÃÈÛÑ×ÛÚÓÈÐÍÎÕ×ÊÈÔÛÎÛÐÍÛÎÖÍÊÛ ÙÍÎÖÍÊÏÓÎÕÇÉ× óÎÛÎÛÈÈ×ÏÌÈÈÍ×ÎÉÇÊ×ÙÍÎÉÓÉÈ×ÎÙÃÅÓÈÔöÛÎÎÓ×ïÛ×ÛÎØöÊ×ØØÓ×ïÛÙÕÇÓØ×ÐÓÎ×ÉÏÍÉÈ ÛÌÌÊÛÓÉ×ÊÉÇÉ×ÈÔ×çÎÓÖÍÊÏê×ÉÓØ×ÎÈÓÛÐûÌÌÊÛÓÉÛÐê×ÌÍÊÈöÍÊÏûÈÈÛÙÔÏ×ÎÈóæèÔÓÉÖÍÊÏ ÉÌ×ÙÓÖÓÙÛÐÐÃÛÉÑÉÛÚÍÇÈÈÔ×©ÂÍÎÓÎÕÙÍÏÌÐÓÛÎÙ×¨ÍÖÈÔ×ÌÊÍÌ×ÊÈÃèÔ×ÖÍÐÐÍÅÓÎÕËÇ×ÉÈÓÍÎÓÉ ÓÎÈ×ÎØ×ØÈÍ×ÎÉÇÊ×ÈÔ×ÛÌÌÊÛÓÉ×ÊÔÛÉÊ×ÆÓ×Å×ØÈÔ×ÌÊÍÌ×ÊÈÃÓÎÈ×ÊÏÉÍÖÓÈÉÛÚÓÐÓÈÃÈÍÚ×Ê×ÚÇÓÐÈ âÍÎÓÎÕùÍÏÌÐÓÛÎÙ× ð×ÕÛÐð×ÕÛÐîÍÎÙÍÎÖÍÊÏÓÎÕõÊÛÎØÖÛÈÔ×Ê×ØîÍâÍÎÓÎÕóÐÐ×ÕÛÐ ùÔ×ÙÑÓÎÕÛÎÃÈÔÓÎÕÚ×ÉÓØ×É©Ð×ÕÛÐ¨ÅÓÐÐÊ×ËÇÓÊ×ÈÔ×ÛÌÌÊÛÓÉ×ÊÈÍÌÊÍÆÓØ×ÛÉÉÇÊÛÎÙ×ÉÈÔÛÈÈÔ× ÉÈÊÇÙÈÇÊ×ÙÛÎÚ×Ê×ÚÇÓÐÈÉÇÙÔÛÉÛÐ×ÈÈ×ÊÍÊÙÍØ×ÙÓÈÛÈÓÍÎÖÊÍÏÈÔ×ÐÍÙÛÐÒÇÊÓÉØÓÙÈÓÍÎûÌÌÊÛÓÉ×ÊÉ ÉÛÓØÈÔÛÈÓÈÓÉÎÍÈÈÔ×È×ÊÏÎÍÎÙÍÎÖÍÊÏÓÎÕÈÔÛÈÓÉÓÏÌÛÙÈÓÎÕÐÍÛÎÉÓÈÓÉÙÍØ×ÐÛÎÕÇÛÕ×ÈÔÛÈØ×ÎÓ×É ÈÔ×Ê×ÚÇÓÐØÛÖÈ×ÊÖÓÊ× óÈÓÉÓÎÈÔ×ÛÌÌÊÛÓÉ×ÊªÉÙÔÍÓÙ×ÅÔ×ÎÏÛÊÑÓÎÕÍÎ×ÍÖÈÔ×É×ÚÍÄ×ÉÈÔÛÈÏÛÎÃÌ×ÍÌÐ×Ú×ÐÓ×Æ×ÈÔ× ÕÊ×ÛÈ×ÉÈÓÏÌÛÙÈÖÊÍÏÛÎ×ÅÎÛÏ×ÅÓÐÐÚ×ÕÛÓÎ×ØéÓÎÙ×ÍÎÐÃÍÎ×ÍÖÈÔ×ÖÍÇÊÚÍÄ×ÉÙÛÎÚ× ÙÔ×ÙÑ×ØÌÊÍÌÍÎ×ÎÈÉÛÊ×ÔÍÌ×ÖÇÐÈÔÛÈÛØØÓÎÕÈÔ×È×ÊÏ©ÙÍÎÖÍÊÏÓÎÕ¨ÈÍÈÔ×ÓÊÉÔÍÊ×ÐÓÎ×Ê×ÉÓØ×ÎÙ× ÅÓÐÐ×ÎÙÍÇÊÛÕ×ÛÌÌÊÛÓÉ×ÊÉÈÍÌÓÙÑÈÔ×©Ð×ÕÛÐ¨ÚÍÄÊÛÈÔ×ÊÈÔÛÎ©Ð×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕ¨ÍÊÛÎÃÍÈÔ×Ê ÚÍÄÖÍÊÈÔÛÈÏÛÈÈ×ÊóÖÛÉÈÊÇÙÈÇÊ×ÔÛÉÈÔ×ÈÓÈÐ×©ÙÍÎÖÍÊÏÓÎÕ¨ÙÔÛÎÙ×ÉÛÊ×ÈÔÛÈÛÌÌÊÛÓÉ×ÊÉÅÓÐÐÎÍÈ ÙÔÍÍÉ×ÈÔ×ÚÍÄÅÓÈÔ©ÎÍÎÙÍÎÖÍÊÏÓÎÕ¨ÓÎÈÔ×ÈÓÈÐ×èÔÓÉÙÍÇÐØ×ÄÌ×ØÓÈ×ÈÔ×ÛÌÌÊÛÓÉÛÐÌÊÍÙ×ÉÉ Ú×ÙÛÇÉ×ÈÔ×Ê×ÅÍÇÐØÎÍÈÚ×ÛÎÃ©Ê×ØÖÐÛÕÉ¨ÛÉÉÍÙÓÛÈ×ØÅÓÈÔÈÔ×ÐÍÛÎÛÎØÈÔ×Ê×ÖÍÊ×ÎÍÎ××ØÖÍÊÛ Ð×ÈÈ×ÊÍÊÙÍØ×ÙÓÈÛÈÓÍÎÖÊÍÏÈÔ×ùÓÈÃÙÍÎÖÓÊÏÓÎÕÈÔ×ÉÈÊÇÙÈÇÊ×ÙÛÎÚ×Ê×ÚÇÓÐÈ èÔÓÉÉÔÍÇÐØÍÎÐÃÚ×É××ÎÛÉÛÈ×ÏÌÍÊÛÊÃÍÊÉÔÍÊÈÈ×ÊÏÕÛÓÎÚ×ÙÛÇÉ×ÓÈÙÓÊÙÇÏÆ×ÎÈÉÈÔ×Ð×ÎØ×ÊÉ ÌÊÓÏÛÊÃÕÍÛÐÍÖ×ÎÉÇÊÓÎÕÈÔ×ÛÉÉ×ÈÙÛÎÚ×Ê×ÚÇÓÐÈóÈÓÉÍÎÐÃÛÏÛÈÈ×ÊÍÖÈÓÏ×Ú×ÖÍÊ×Ð×ÎØ×ÊÉ Ê×ÛÐÓÂ×ÈÔ×©Ð×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕ¨ÚÍÄÓÉÚ×ÓÎÕÙÓÊÙÇÏÆ×ÎÈ×ØÛÎØÈÔ×Ê×ÖÍÊ×ÈÔ×Ð×ÈÈ×ÊÍÖ ÛÉÉÇÊÛÎÙ×ÓÉÛÐÉÍÚ×ÓÎÕÙÓÊÙÇÏÆ×ÎÈ×ØóÎÍÊØ×ÊÈÍ×ÎÉÇÊ×ÈÔ×©ÏÍÎ×ÃÚÛÙÑÕÇÛÊÛÎÈ××¨éÈÛÖÖ ÌÊ×ØÓÙÈÉÈÔÛÈÈÔ×ÖÍÊÏÅÓÐÐ×Æ×ÎÈÇÛÐÐÃÚ×ÏÍØÓÖÓ×ØÈÍÓÎÙÐÇØ×ÛÎ×ÅÚÍÄÈÔÛÈÚ×ÈÈ×ÊÙÛÌÈÇÊ×ÉÈÔ× ÓÎÈ×ÎÈÍÖÈÔ×ËÇ×ÉÈÓÍÎ 6 åôûèøíð÷îø÷êééûãý óÎÛÎÍÎÕÍÓÎÕÉ×ÛÊÙÔÖÍÊÛÎÉÅ×ÊÉéÈÛÖÖÙÍÎÈÛÙÈ×ØÉ×Æ×ÊÛÐÏÍÊÈÕÛÕ×Ð×ÎØ×ÊÉÛÎØÛÉÑ×ØÈÔ×Ï ÛÚÍÇÈÅÔÛÈÎÍÎÙÍÎÖÍÊÏÓÎÕÏ×ÛÎÉÈÍÈÔ×ÏóÎÈ×Ê×ÉÈÓÎÕÐÃÐ×ÎØ×ÊÉÉÈÛÊÈ×ØÈÛÐÑÓÎÕÛÚÍÇÈÙÊ×ØÓÈ ÉÙÍÊ×ÉÚÛÎÑÊÇÌÈÙÃÖÍÊ×ÙÐÍÉÇÊ×ÉÛÎØÒÇÏÚÍÐÍÛÎÉèÍÚ××ÄÌ×ÙÈ×ØéÈÛÖÖÅÛÉÙÍÎÖÇÉ×ØÛÎØ ÅÍÎØ×Ê×ØÅÔ×ÎÈÔ×ØÓÉÙÇÉÉÓÍÎÅÍÇÐØÙÍÏ×ÈÍÔÍÇÉ×É×ÈÚÛÙÑÉÍÊÛÎÃÈÔÓÎÕÊ×ÐÛÈ×ØÈÍÐÛÎØÇÉ× ûÌÌÛÊ×ÎÈÐÃÌÐÛÎÎ×ÊÉÛÊ×ÎÍÈÈÔ×ÍÎÐÃÌÊÍÖ×ÉÉÓÍÎÛÐÉÅÔÍÇÉ×ÈÔ×È×ÊÏ©ÎÍÎÙÍÎÖÍÊÏÓÎÕ¨ÅÔ×Î ØÓÉÙÇÉÉÓÎÕÉÍÏ×ÈÔÓÎÕÈÔÛÈÒÇÉÈØÍ×ÉÎªÈÙÍÏÌÐÃÅÓÈÔÈÔ×ÊÇÐ×ÉéÈÛÖÖÐ×ÛÊÎ×ØÈÔÛÈÐ×ÎØ×ÊÉÇÉ×ÈÔ× È×ÊÏÅÔ×ÎÊ×Ö×ÊÊÓÎÕÈÍÌ×ÍÌÐ×ì×ÍÌÐ×ÅÔÍØÍÎªÈÏ××ÈÈÔ×ÓÊÐÍÛÎÙÊÓÈ×ÊÓÛÖÍÊÅÔÛÈ×Æ×ÊÊ×ÛÉÍÎ åÓÈÔÓÎÈÔ× ÌÐÇÉÌÛÕ×ÉÍÖÈÔ×öÛÎÎÓ×ïÛ×ÛÎØÍÊöÊ×ØØÓ×ïÛÙÕÇÓØÛÎÙ×ÚÍÍÑÉÈÔ×Ê×ÛÊ× Æ×ÊÃÉÌ×ÙÓÖÓÙÙÊÓÈ×ÊÓÛÛÚÍÇÈÈÔ×ÛÌÌÐÓÙÛÎÈÉÈÔ×ÏÉ×ÐÆ×ÉûÎÃÍÎ×ÅÔÍØÍ×ÉÎÍÈÏ××ÈÈÔÍÉ×ÙÊÓÈ×ÊÓÛ ÅÓÐÐÎÍÈÚ×ÕÊÛÎÈ×ØÛÐÍÛÎÚ×ÙÛÇÉ×ÈÔ×ÃÛÊ×ÈÔ×ÏÉ×ÐÆ×ÉÎÍÎÙÍÎÖÍÊÏÓÎÕéÍÏ×ÈÓÏ×ÉÓÈÓÉ Ú×ÙÛÇÉ×ÍÖÛÐÍÅÙÊ×ØÓÈÉÙÍÊ×ÍÊÚ×ÙÛÇÉ×ÈÔ×ÃÔÛÆ×Ê×Ù×ÎÈÐÃÕÍÎ×ÈÔÊÍÇÕÔÛÖÍÊ×ÙÐÍÉÇÊ×ÍÈÔ×Ê ÈÓÏ×ÉÍÎ×ÙÛÎÔÛÆ×ÕÊ×ÛÈÙÊ×ØÓÈÚÇÈÈÔ×ÐÍÛÎÛÏÍÇÎÈÓÉÈÍÍÔÓÕÔòÇÏÚÍÐÍÛÎÉÎ×Æ×ÊÈÔ×Ð×ÉÉÓÈ ÔÛÉÎÍÈÔÓÎÕÈÍØÍÅÓÈÔÈÔ×ÐÛÎØÇÉ×Ø×ÉÓÕÎÛÈÓÍÎÍÖÈÔ×ÌÊÍÌ×ÊÈÃ óÈÔÛÉÍÖÈ×ÎÚ××ÎÉÈÛÈ×ØÈÔÛÈöÛÎÎÓ×ïÛ×ÛÎØöÊ×ØØÓ×ïÛÙÅÍÎªÈÐ×ÎØÍÎÛÎÍÎÙÍÎÖÍÊÏÓÈÃ åÓÈÔÍÇÈÑÎÍÅÓÎÕÈÔÛÈÐ×ÎØ×ÊÉÛÊ×ÈÛÐÑÓÎÕÛÚÍÇÈØÓÖÖ×Ê×ÎÈÈÃÌ×ÍÖÎÍÎÙÍÎÖÍÊÏÓÈÃÍÎ×ÙÍÇÐØ×ÛÉÓÐÃ ÛÉÉÇÏ×ÈÔÓÉÊ×ÐÛÈ×ØÈÍÐÛÎØÇÉ×úÛÉ×ØÍÎÈÔ×ÓÎÖÍÊÏÛÈÓÍÎÕÛÈÔ×Ê×ØÖÊÍÏÐ×ÎØ×ÊÉÓÈÉ××ÏÉ ÏÍÉÈÛÙÙÇÊÛÈ×ÈÍÉÛÃÈÔÛÈöÛÎÎÓ×ïÛ×ÛÎØöÊ×ØØÓ×ïÛÙÅÍÎªÈÐ×ÎØÈÍÛÎÍÎÙÍÎÖÍÊÏÓÎÕÌ×ÊÉÍÎ ÛÎØÊ×ËÇÓÊ×ÛØØÓÈÓÍÎÛÐÌÛÌ×ÊÅÍÊÑÈÍÐ×ÎØÈÍÛÎÍÎÙÍÎÖÍÊÏÓÎÕÌÊÍÌ×ÊÈÃ ê÷úçóðø îÍÈÍÎÐÃÙÛÎÈÔ×ÎÛÏ×ÖÍÊ×ÄÓÉÈÓÎÕÉÔÍÊ×ÐÓÎ×Ê×ÉÓØ×ÎÙ×ÉÚ×ÏÍØÓÖÓ×ØÈÔ×Ê×ÕÇÐÛÈÓÍÎÉÖÍÊÈÔ×É× ÉÈÊÇÙÈÇÊ×ÉÙÛÎÚ×ÙÔÛÎÕ×ØÛÉÅ×ÐÐûÐÐÍÅÓÎÕÈÔ×ÆÍÐÇÎÈÛÊÃÊ×ÌÐÛÙ×Ï×ÎÈÍÖ×ÄÓÉÈÓÎÕÉÔÍÊ×ÐÓÎ× Ê×ÉÓØ×ÎÙ×ÉÅÍÇÐØÛÐÐ×ÆÓÛÈ×ÌÊÍÌ×ÊÈÃÍÅÎ×ÊÉÙÍÎÙ×ÊÎÉÛÚÍÇÈÈÔ×ÐÍÎÕÈ×ÊÏÓÏÌÛÙÈÉÍÖÈÔ×éïì ÍÎÈÔ×ÓÊÌÊÍÌ×ÊÈÃèÔ×ùÍÏÏÓÉÉÓÍÎÙÍÇÐØØÓÊ×ÙÈéÈÛÖÖÈÍØÊÛÖÈÐÛÎÕÇÛÕ×ÈÔÛÈÛÐÐÍÅÉÛÎ×Ä×ÏÌÈÓÍÎ ÖÍÊÉÓÎÕÐ×ÖÛÏÓÐÃÊ×ÉÓØ×ÎÙ×ÉÍÎÈÔ×ÉÔÍÊ×ÐÓÎ×ÖÊÍÏÈÔ×ÊÇÐ×ÈÔÇÉÛÐÐÍÅÓÎÕÈÔ×ÖÇÐÐÈ×ÛÊØÍÅÎ ÛÎØÊ×ÚÇÓÐØÍÖÛÔÍÏ×ÅÓÈÔÍÇÈÚ×ÓÎÕÊ×ËÇÓÊ×ØÈÍÙÍÏÌÐÃÅÓÈÔÎ×ÅÚÇÖÖ×ÊÉÉ×ÈÚÛÙÑÉÍÊ Æ×Õ×ÈÛÈÓÍÎÊ×ËÇÓÊ×Ï×ÎÈÉ ôíååíçðøûððíåóîõû ê÷úçóðøóïìûùèîíî÷èðíééý ê×Ï×ÏÚ×ÊÈÔÛÈÈÔ×úÓÐÐÅÛÉØÊÛÖÈ×ØÈÍÕÓÆ×ÕÇÓØÛÎÙ×ÈÍÈÔ×÷ÙÍÐÍÕÃÛÚÍÇÈÈÔ×ÓÊÊ×ÆÓ×ÅÛÇÈÔÍÊÓÈÃ óÎÌÛÊÈÈÔÓÉÕÇÓØÛÎÙ×ÓÉ×ÎÉÇÊÓÎÕÐÍÙÛÐÒÇÊÓÉØÓÙÈÓÍÎÉÛÊ×ÛÐÐÍÅ×ØÈÍØ×Æ×ÐÍÌÇÎÓËÇ×ÙÍØ×ÉÉÍÐÍÎÕ ÛÉîÍî×ÈðÍÉÉÓÉÛÙÔÓ×Æ×ØåÔ×ÎÛØØÊ×ÉÉÓÎÕîÍî×ÈðÍÉÉÓÈÓÉÓÏÌÍÊÈÛÎÈÈÍÊ×Ï×ÏÚ×ÊÈÔÛÈÓÈÓÉ Ï×ÛÉÇÊ×ØÖÊÍÏÈÍØÛÃÖÍÊÅÛÊØèÔÓÉÐÛÎÕÇÛÕ×ÓÉÌÛÊÈÓÙÇÐÛÊÐÃÓÏÌÍÊÈÛÎÈÅÔ×ÎÈÔÓÎÑÓÎÕÍÖ×ÄÓÉÈÓÎÕ ÉÈÊÇÙÈÇÊ×ÉéÓÎÙ×îÍî×ÈðÍÉÉÓÉÏ×ÛÉÇÊ×ØÖÊÍÏÈÍØÛÃÖÍÊÅÛÊØ×ÄÓÉÈÓÎÕÉÈÊÇÙÈÇÊ×ÉÉ××Ï ÓÎÔ×Ê×ÎÈÐÃ×Ä×ÏÌÈÖÊÍÏÈÔ×Ê×ËÇÓÊ×Ï×ÎÈÉÍÖîÍî×ÈðÍÉÉÚ×ÙÛÇÉ×ÈÔ×ÉÈÊÇÙÈÇÊ×ÉÅ×Ê×ÚÇÓÐÈÓÎÈÔ× ÌÛÉÈóÖÅ×ÛÊ×ÈÍÏ×ÛÉÇÊ×ÓÏÌÛÙÈÉÖÊÍÏÈÍØÛÃÖÍÊÅÛÊØÅÔÃÅÍÇÐØÉÍÏ×ÈÔÓÎÕÚÇÓÐÈÃ×ÉÈ×ÊØÛÃ ÐÛÉÈÃ×ÛÊÍÊÚ×ÃÍÎØÚ×ÓÎÙÐÇØ×ØÛÈÛÐÐý ÷ÙÍÐÍÕÃÔÛÉÉÛÓØÈÔÛÈÈÔ×ÃÉÔÍÇÐØÚ×ÓÎÙÐÇØ×ØÚ×ÙÛÇÉ××ÄÓÉÈÓÎÕÉÈÊÇÙÈÇÊ×ÉÛÙÈÇÛÐÐÃØÍÙÍÎÈÓÎÇ× ÈÍÓÏÌÛÙÈÔÛÚÓÈÛÈÖÇÎÙÈÓÍÎÐÍÎÕÛÖÈ×ÊÈÔ×ÃÛÊ×ÚÇÓÐÈÚ×ÙÛÇÉ×ÍÖÙÍÎÈÓÎÇ×ØÓÏÌÛÙÈÉÖÊÍÏØÊÓÆ×ÅÛÃ ÊÇÎÍÖÖÌ×ÉÈÓÙÓØ×ÉÖ×ÊÈÓÐÓÂ×ÊÉ×ÈÙÚÇÈÈÔÓÉÔÛÉÆ×ÊÃÐÓÈÈÐ×ÈÍØÍÅÓÈÔÈÔ×ÚÇÓÐØÓÎÕÓÈÉ×ÐÖöÍÊ ×ÄÛÏÌÐ×ÓÖÛÔÍÏ×Å×Ê×ÈÍÊÎØÍÅÎÙÍÏÌÐ×È×ÐÃÛÎØÊ×ÚÇÓÐÈÓÎÈÔ×ÉÛÏ××ÄÛÙÈÖÍÍÈÌÊÓÎÈÓÈÏÓÕÔÈ ÎÍÈÓÏÌÛÙÈÔÛÚÓÈÛÈÖÇÎÙÈÓÍÎÛÎÃÏÍÊ×ÈÔÛÎÈÔ×ÍÐØÔÍÇÉ×ØÓØÚ×ÙÛÇÉ×ÓÈÅÍÇÐØÎÍÈÚ×ÓÎÙÊ×ÛÉÓÎÕ ÊÇÎÍÖÖÍÊÛÎÃÍÈÔ×ÊÓÏÌÛÙÈÈÍÔÛÚÓÈÛÈóÈÓÉÖÍÊÈÔÓÉÊ×ÛÉÍÎÈÔÛÈ÷ÙÍÐÍÕÃÅÓÐÐÛÐÐÍÅ Ê×ÚÇÓÐØ ÌÊÍÆÓØ×ØÈÔ×ÒÇÊÓÉØÓÙÈÓÍÎÙÛÎÙÐ×ÛÊÐÃØ×ÏÍÎÉÈÊÛÈ×îÍî×ÈðÍÉÉ ûÙÔÓ×ÆÓÎÕîÍî×ÈðÍÉÉÓÉÈÔ×Ñ×ÃÛÎØÓÈÓÉÓÏÌÍÊÈÛÎÈÈÍÊ×Ï×ÏÚ×ÊÈÔÛÈîÍî×ÈðÍÉÉÛÐÐÍÅÉÖÍÊ ÐÍÉÉ×ÉÓÎÍÎ×ÛÊ×ÛÌÊÍÆÓØ×ØÈÔ×Ê×ÛÊ×ÕÛÓÎÉÓÎÛÎÍÈÔ×ÊèÔ×ÕÍÛÐÓÉÈÍÛÙÔÓ×Æ×ÛÎÍÆ×ÊÛÐÐ 7 ÚÛÐÛÎÙ×óÎÍÊØ×ÊÈÍÛÐÐÍÅÖÍÊÉÏÛÐÐ×ÊÚÇÖÖ×ÊÉÈÔÛÎÛÊ×Ê×ÙÍÏÏ×ÎØ×ØÚÃ÷ÙÍÐÍÕÃÈÔ×ùÓÈÃÔÛÉ ÌÊÍÌÍÉ×ØÈÍÓÎÙÊ×ÛÉ×ÈÔ×ÍÆ×ÊÛÐÐÖÇÎÙÈÓÍÎÍÖÚÇÖÖ×ÊÉÚÃÓÎÙÊ×ÛÉÓÎÕÈÔ×Æ×Õ×ÈÛÈÓÍÎÊ×ËÇÓÊ×ØÓÎ ÈÔ×É×ÉÏÛÐÐ×ÊÚÇÖÖ×ÊÉèÔ×É×ÓÎÙÊ×ÛÉ×ÉÓÎÆ×Õ×ÈÛÈÓÍÎÛÊ×ÈÍÚ×Ê×ËÇÓÊ×ØÅÔ×ÎÉÍÏ×ÍÎ× ÆÍÐÇÎÈÛÊÓÐÃ×ÄÌÛÎØÉÍÊÊ×ÚÇÓÐØÉÈÔ×ÓÊÔÍÏ×èÔ×ÙÍÎÙ×ÌÈÓÉÈÔÛÈÍÆ×ÊÈÓÏ×ÈÔÓÉ×ÎÔÛÎÙ×Ï×ÎÈÍÖ ÚÇÖÖ×ÊÉÅÓÐÐÌÊÍÆÓØ××ËÇÛÐÈÍÍÊÚ×ÈÈ×ÊÔÛÚÓÈÛÈÖÇÎÙÈÓÍÎÈÔÛÎÉÓÏÌÐÃÊ×ËÇÓÊÓÎÕÐÛÊÕ×ÊÚÇÖÖ×ÊÉÖÍÊÎ×Å Ø×Æ×ÐÍÌÏ×ÎÈ ìÛÊÈÍÖÈÔ×ÊÛÈÓÍÎÛÐ×ÖÍÊÊ×ØÇÙ×ØÚÇÖÖ×ÊÉÊ×ÐÓ×ÉÍÎÈÔ×ÇÊÚÛÎÛÎØØ×Æ×ÐÍÌ×ØÎÛÈÇÊ×ÍÖúÊ×Ï×ÊÈÍÎ èÔ×Ê×ÛÊ×ÎÍÈÆ×ÊÃÏÛÎÃÇÎØ×Æ×ÐÍÌ×ØÐÍÈÉÐ×ÖÈÓÎÉÈ×ÛØÈÔ×ÉÔÍÊ×ÐÓÎ×ÓÉÏÍÉÈÐÃØ×Æ×ÐÍÌ×Ø ê×ÕÇÐÛÈÓÍÎÉÈÔÛÈÍÎÐÃÓÏÌÛÙÈÛÖ×ÅÇÎØ×Æ×ÐÍÌ×ØÐÍÈÉÅÓÐÐÌÊÍÚÛÚÐÃÎÍÈÛÖÖÍÊØÈÔ×ÉÛÏ×ÔÛÚÓÈÛÈ ×ÎÔÛÎÙ×Ï×ÎÈÛÉÈÔÍÉ×Ê×ÕÇÐÛÈÓÍÎÉÈÔÛÈÛÊ×ÛÌÌÐÓ×ØÈÍÈÔ×ÏÛÒÍÊÓÈÃÍÖÐÍÈÉ÷Ä×ÏÌÈÓÎÕÈÔ× ÆÍÐÇÎÈÛÊÃÊ×ÌÐÛÙ×Ï×ÎÈÍÖ×ÄÓÉÈÓÎÕÊ×ÉÓØ×ÎÙ×ÉÖÊÍÏÌÊÍÆÓØÓÎÕÆ×Õ×ÈÛÈÓÍÎÅÓÐÐÉÓÕÎÓÖÓÙÛÎÈÐÃÊ×ØÇÙ× ÈÔ×ÍÆ×ÊÛÐÐÓÏÌÛÙÈÈÔ×Æ×Õ×ÈÛÈÓÍÎÊ×ËÇÓÊ×Ï×ÎÈÉÛÊ×ÓÎÈ×ÎØ×ØÈÍÌÊÍÆÓØ×ÍÆ×ÊÈÓÏ×÷Ä×ÏÌÈÓÎÕ ÈÔ×ÆÛÉÈÏÛÒÍÊÓÈÃÍÖÉÈÊÇÙÈÇÊ×ÉÛÐÍÎÕÈÔ×ÉÔÍÊ×ÐÓÎ×ÖÊÍÏÖÇÈÇÊ×ÙÍÏÌÐÓÛÎÙ×ÅÓÈÔÈÔ×Ê×ÕÇÐÛÈÓÍÎÉ ÅÓÐÐÊ×ËÇÓÊ×ÛÎÓÎÙÊ×ÛÉ×ÓÎÊ×ÕÇÐÛÈÓÍÎÔÛÚÓÈÛÈÌÊÍÈ×ÙÈÓÍÎ×ÐÉ×ÅÔ×Ê×ÓÎÈÔ×ÙÍØ×ÓÎÍÊØ×ÊÈÍ ÛÙÔÓ×Æ×îÍî×ÈðÍÉÉèÔ×ÏÍÉÈÍÚÆÓÍÇÉÛÌÌÊÍÛÙÔÅÍÇÐØÓÎÙÐÇØ×ÛÎÍÆ×ÊÛÐÐÓÎÙÊ×ÛÉ×ÓÎÚÇÖÖ×Ê ÅÓØÈÔÉóÎÙÊ×ÛÉÓÎÕÚÇÖÖ×ÊÉÏÛÃÚ×ÛÌÌ×ÛÐÓÎÕÈÍÈÔ×ÏÛÒÍÊÓÈÃÍÖÊ×ÉÓØ×ÎÈÉÚ×ÙÛÇÉ×ÓÎÈÔÓÉ ÉÙ×ÎÛÊÓÍÈÔ×ÓÎÙÊ×ÛÉ×ÅÍÇÐØÍÎÐÃÛÌÌÐÃÈÍÎ×ÅÙÍÎÉÈÊÇÙÈÓÍÎ×Ä×ÏÌÈÓÎÕÈÔ×Ê×ÌÐÛÙ×Ï×ÎÈÍÖ ×ÄÓÉÈÓÎÕÉÈÊÇÙÈÇÊ×É åíçðø ê÷úçóðøìêíè÷ùè÷äóéèóîõê÷éóø÷îù÷éý óÈÓÉÓÏÌÍÊÈÛÎÈÈÍÊ×Ï×ÏÚ×ÊÈÔÛÈÛÉÙÇÊÊ×ÎÈÐÃØÊÛÖÈ×ØÖÇÐÐÊ×ÚÇÓÐØÓÉÛÐÐÍÅ×ØÓÎÈÔ×ÙÛÉ×ÍÖÎÛÈÇÊÛÐ ØÓÉÛÉÈ×ÊÉÍÈÔÓÉÈÍÌÓÙÍÎÐÃÊ×ÐÛÈ×ÉÈÍÙÍÎÉÈÊÇÙÈÓÍÎÌÊÍÒ×ÙÈÉÆÍÐÇÎÈÛÊÓÐÃÌÊÍÌÍÉ×ØÚÃÈÔ× ÔÍÏ×ÍÅÎ×ÊìÊÍÌÍÎ×ÎÈÉÍÖÈÔ×ÙÔÛÎÕ×ÉÇÕÕ×ÉÈÈÔÛÈÅÓÈÔÍÇÈÛÐÐÍÅÓÎÕÖÍÊ Ê×ÚÇÓÐØÛ ÔÍÏ×ÍÅÎ×ÊÅÓÐÐÊÇÎÈÔ×ÊÓÉÑÍÖÚ×ÓÎÕÊ×ËÇÓÊ×ØÈÍÈ×ÛÊØÍÅÎÈÔ×ÓÊÔÍÏ×ÅÔ×ÎÛÐÐÈÔ×ÃÅÛÎÈ×ØÈÍ ØÍÅÛÉÊ×ÌÛÓÊÛÎØÏÛÓÎÈ×ÎÛÎÙ× óÎÍÊØ×ÊÈÍÛØØÊ×ÉÉÈÔÓÉÙÍÎÙ×ÊÎéÈÛÖÖÓÉÌÊÍÆÓØÓÎÕÛÎ×ÄÛÏÌÐ×ÍÖÔÍÅÈÔ×ÊÇÐ×ÓÉÙÇÊÊ×ÎÈÐÃ ÇÉ×ØóÎ ÈÔ×ÍÅÎ×ÊÍÖ éÔÍÊ×øÊÓÆ×ÛÌÌÐÓ×ØÖÍÊÛÎÓÎÈ×ÊÓÍÊÊ×ÏÍØ×ÐÍÖÈÔ×ØÇÌÐ×Ä 8 ÔÍÅ×Æ×ÊÏÇÙÔÐÓÑ×ÈÔ×ÏÍÆÓ×©èÔ×ïÍÎ×ÃìÓÈ¨×Æ×ÊÃÈÓÏ×Ô×ÈÍÊ×ÓÎÈÍÛÅÛÐÐÔ×ÖÍÇÎØÏÍÊ× ÈÔÓÎÕÉÈÔÛÈÅ×Ê×ÓÎÎ××ØÍÖÊ×ÌÛÓÊéÓÎÙ× ÈÔ×ÛÌÌÐÓÙÛÎÈÔÛÉÛÌÌÐÓ×ØÖÍÊÉ×Æ×ÊÛÐÌ×ÊÏÓÈ Ê×ÆÓÉÓÍÎÉÛÎØÛØØÓÈÓÍÎÛÐÌ×ÊÏÓÈÉÈÍÙÍÆ×ÊÈÔ××Æ×ÊÓÎÙÊ×ÛÉÓÎÕÉÙÍÌ×ÍÖÅÍÊÑíÊÓÕÓÎÛÐÐÃÛÈÅÍ ÉÈÍÊÃÔÍÏ×ÅÓÈÔÛÉ×ÙÍÎØÇÎÓÈÓÎÈÔ×ÚÛÉ×Ï×ÎÈÈÔ×ÔÍÇÉ×ÔÛÉÚ××ÎÛÐÏÍÉÈÙÍÏÌÐ×È×ÐÃ Ê×ÏÍÆ×ØóÈÔÛÉÎÍÈÔÍÅ×Æ×Ê×ÄÙ××Ø×ØÈÔ×ÊÇÐ×Ú×ÙÛÇÉ×ÓÈÓÉÚÛÉ×ØÍÎÈÔ×ÉÈÊÇÙÈÇÊ×É ÆÛÐÇ×åÔ×ÎÈÔ×ÛÌÌÐÓÙÛÈÓÍÎÅÛÉÉÇÚÏÓÈÈ×ØÈÔ×ÛÉÉ×ÉÉ×ØÆÛÐÇ×ÍÖÈÔ×ÔÍÏ×ÅÛÉÛÌÌÊÍÄÓÏÛÈ×ÐÃ ÍÖÈÔÓÉÆÛÐÇ×ÓÉ úÃÇÉÓÎÕÈÔ×ÛÉÉ×ÉÉ×ØÆÛÐÇ×ÈÔ×ÉÙÍÌ×ÍÖÈÔ×ÌÊÍÒ×ÙÈ ÅÍÇÐØÎ××ØÈÍÚ×ÓÎ×ÄÙ×ÉÉÍÖ ÓÎÍÊØ×ÊÈÍ×ÄÙ××ØÈÔ×ÊÇÐ×èÔ×ÛÌÌÐÓÙÛÎÈÔÛÉ ÌÊÍÆÓØ×ØÈÔ×©ÚÓØÌÊÓÙ×¨ÖÍÊÈÔ×ÅÍÊÑÚ×ÓÎÕØÍÎ×ÛÎØÔÛÉ×ÉÈÛÚÐÓÉÔ×ØÈÔÛÈÊ×ÌÐÛÙ×Ï×ÎÈÍÖÎ×ÛÊÐÃ ÈÔ×ÅÔÍÐ×ÔÍÇÉ×ÅÓÐÐÙÍÉÈÐ×ÉÉÈÔÛÎ ÍÊÌÇÈÛÎÍÈÔ×ÊÅÛÃÈÔ×ÅÍÊÑÅÓÐÐÙÍÎÉÓÉÈÍÖÍÎÐÃ ÍÖÈÔ×ÉÈÊÇÙÈÇÊ×ÉÆÛÐÇ××Æ×ÎÈÔÍÇÕÔÆ×ÊÃÐÓÈÈÐ×ÍÖÈÔ×ÍÊÓÕÓÎÛÐÉÈÊÇÙÈÇÊ×ÓÉÊ×ÏÛÓÎÓÎÕ Before After èÔÓÉ×ÄÛÏÌÐ×ÓÉÓÎÈ×ÎØ×ØÈÍÓÐÐÇÉÈÊÛÈ×ÈÔÛÈÊ×ÌÛÓÊÛÎØÏÛÓÎÈ×ÎÛÎÙ×ÉÔÍÇÐØÚ××ÛÉÓÐÃÛÙÔÓ×Æ×Ø ÅÓÈÔÍÇÈ×ÄÙ××ØÓÎÕÈÔ×ÊÇÐ×èÔÓÉÌÊÍÒ×ÙÈÓÉÐÓÑ×ÐÃÖÛÊÏÍÊ×ÙÍÏÌÊ×Ô×ÎÉÓÆ×ÈÔÛÎÏÍÉÈÊ×ÌÛÓÊ ÛÎØÏÛÓÎÈ×ÎÛÎÙ×ÅÍÊÑÛÎØÉÈÓÐÐÅÓÐÐÎÍÈÚ×Ê×ËÇÓÊ×ØÈÍÙÍÏÌÐÃÅÓÈÔÙÇÊÊ×ÎÈÉÔÍÊ×ÐÓÎ×Ê×ÕÇÐÛÈÓÍÎÉ ÷ÄÙ××ØÓÎÕÈÔ×ÊÇÐ×ÅÔ×ÎÊ×ÏÍØ×ÐÓÎÕÍÊÏÛÓÎÈÛÓÎÓÎÕÛÔÍÏ×ÓÉÇÎÐÓÑ×ÐÃÚ×ÙÛÇÉ×ÛÌÌÐÓÙÛÎÈÉ ÅÔÍÆÍÐÇÎÈÛÊÓÐÃÏÍØÓÖÃÈÔ×ÓÊÔÍÏ×ÉÛÊ×ÛÚÐ×ÈÍØ×ÙÓØ×ÔÍÅÏÇÙÔÅÍÊÑÉÔÍÇÐØÚ×ØÍÎ×óÎÈÔ× ÇÎÐÓÑ×ÐÃ×Æ×ÎÈÈÔÛÈÛÊ×ÏÍØ×ÐÓÉÐÓÑ×ÐÃÈÍ×ÄÙ××ØÈÔ×ÊÇÐ×ÈÔ×ÛÌÌÐÓÙÛÎÈÙÛÎÉÓÏÌÐÃÉÙÛÐ× ÚÛÙÑÈÔ×ÌÊÍÒ×ÙÈ óÖ Ê×ÚÇÓÐØÅ×Ê×ÛÐÐÍÅ×ØÓÈÅÍÇÐØÕÊÛÎÈ×ÄÓÉÈÓÎÕÉÔÍÊ×ÐÓÎ×Ê×ÉÓØ×ÎÙ×ÉÉÍÏ×ÈÔÓÎÕÐÓÑ× ©Ù×Ð×ÚÊÓÈÃÉÈÛÈÇÉ¨ÏÇÙÔÐÓÑ×ÛÔÓÉÈÍÊÓÙÌÊ×É×ÊÆÛÈÓÍÎÊ×ÕÇÐÛÈÓÍÎÉ×ÄÙ×ÌÈÈÔÛÈÛÔÓÉÈÍÊÓÙÚÇÓÐØÓÎÕ ÏÇÉÈÏÛÓÎÈÛÓÎÓÈÉÔÓÉÈÍÊÓÙÙÔÛÊÛÙÈ×ÊåÓÈÔÎÍØ×ÉÓÕÎÙÊÓÈ×ÊÓÛÈÔÓÉÌÊÍÆÓÉÓÍÎÅÍÇÐØÛÐÐÍÅÖÍÊÛ ÉÈÊÇÙÈÇÊ×ÈÍÚ×ÖÇÐÐÃÈÍÊÎØÍÅÎÛÎØÊ×ÌÐÛÙ×ØÅÓÈÔÛÎ×ÅÏÍØ×ÊÎÚÇÓÐØÓÎÕÓÎÈÔ××ÄÛÙÈÉÛÏ×ÖÍÍÈ ÌÊÓÎÈÍÆ×ÊÛÎØÍÆ×ÊÛÕÛÓÎèÔÓÉ×ÉÉ×ÎÈÓÛÐÐÃ×ÐÓÏÓÎÛÈ×ÉÈÔ×ÙÍÎÙ×ÌÈÍÖ×Æ×ÎÈÇÛÐÙÍÏÌÐÓÛÎÙ× Ú×ÙÛÇÉ××ÛÙÔÈÓÏ×ÈÔ×ÎÛÈÇÊÛÐÐÓÖ×ÍÖÛÉÈÊÇÙÈÇÊ×ÓÉ×ÄÌÓÊ×ØÛÎ×ÅÉÈÊÇÙÈÇÊ×ÓÉÌ×ÊÏÓÈÈ×ØÓÎÈÔ× ×ÄÛÙÈÉÛÏ×ÖÍÍÈÌÊÓÎÈ ûÐÐÍÅÓÎÕÖÍÊ Ê×ÚÇÓÐØÅÍÇÐØÛÐÐÍÅ×ÄÓÉÈÓÎÕÉÔÍÊ×ÐÓÎ×ÌÊÍÌ×ÊÈÓ×ÉÈÍÙÍÎÉÈÊÇÙÈÛÚÊÛÎØÎ×Å ÔÍÏ×ÖÛÊÙÐÍÉ×ÊÈÍÈÔ×ÉÔÍÊ×ÐÓÎ×ÈÔÛÎÅÍÇÐØÚ×ÛÐÐÍÅ×ØÍÎÛÆÛÙÛÎÈÌÊÍÌ×ÊÈÃèÔÓÉÓÉÐÓÑ×ÐÃÈÍÚ× É××ÎÛÉÇÎÖÛÓÊÚÃÈÔÍÉ×ÌÊÍÌÍÉÓÎÕÈÍÚÇÓÐØÍÎÆÛÙÛÎÈÐÛÎØÛÎØÈÔÍÉ×ÅÔÍÛÊ×ÇÌÐÛÎØÛÎØ ÍÇÈÉÓØ×ÍÖÈÔ×ÉÔÍÊ×ÐÓÎ×ÒÇÊÓÉØÓÙÈÓÍÎèÔ×ÆÛÉÈØÓÉÙÊ×ÌÛÎÙÃÚ×ÈÅ××ÎÈÔ×ÛÌÌÐÓÙÛÈÓÍÎÍÖ Ê×ËÇÓÊ×Ï×ÎÈÉÅÓÐÐÚ×ØÓÖÖÓÙÇÐÈÈÍÊÛÈÓÍÎÛÐÓÂ×ÈÍÙÓÈÓÂ×ÎÉ î÷óõôúíêóîõòçêóéøóùèóíîé ûÐÐÍÖÈÔ×ÒÇÊÓÉØÓÙÈÓÍÎÉÓÎñÓÈÉÛÌùÍÇÎÈÃÛÊ×ÍÎÛÉÓÏÓÐÛÊÈÓÏ×ÐÓÎ×ÖÍÊÈÔ×éïìÇÌØÛÈ×ÛØÍÌÈÓÍÎ ÛÎØÔÛÆ×ÛÐÐÌÊ×ÆÓÍÇÉÐÃÛØØÊ×ÉÉ×ØÈÔÓÉÈÍÌÓÙÅÓÈÔÈÔ×ÓÊÍÅÎìÐÛÎÎÓÎÕùÍÏÏÓÉÉÓÍÎÉûÐÈÔÍÇÕÔÎÍ ÍÎ×ÔÛÉÍÖÖÓÙÓÛÐÐÃÛØÍÌÈ×ØÈÔ×ÓÊÙÍØ×ÉÈÔ×ÓÊØÊÛÖÈÐÛÎÕÇÛÕ×ÓÎÙÐÇØ×ÉÈÔ×ÖÍÐÐÍÅÓÎÕ 9 ìÍÇÐÉÚÍ ïÛÓÎÈÛÓÎÉÈÔ×ÙÔÛÌÈ×ÊÈÓÈÐ×ÍÖ©îÍÎÙÍÎÖÍÊÏÓÎÕéÔÍÊ×ÐÓÎ×çÉ×ÉÛÎØéÈÊÇÙÈÇÊ×É¨ ûØØ×ØÛÉ×ÙÈÓÍÎÉÈÛÈÓÎÕÈÔÛÈÌÊÓÏÛÊÃÊ×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×ÉÙÛÎÛÌÌÐÃÖÍÊÛÌ×ÊÏÓÈÈÔÛÈ ×ÉÈÛÚÐÓÉÔ×ÉÈÔ×ÉÈÛÈÇÉÍÖÈÔ×ÉÈÊÇÙÈÇÊ×ÛÉ©ÙÍÎÖÍÊÏÓÎÕ¨ ê×ÌÐÛÙ×Ï×ÎÈÓÉÌ×ÊÏÓÈÈ×ØÅÔ×ÎØÇ×ÈÍÎÛÈÇÊÛÐØÓÉÛÉÈ×ÊÍÊÖÓÊ× æÍÐÇÎÈÛÊÃÊ×ÚÇÓÐØÛÎØ×ÄÌÛÎÉÓÍÎÉÛÊ×ÍÎÐÃÛÐÐÍÅ×ØÈÔÊÍÇÕÔÛÆÛÊÓÛÎÙ× ìÍÊÈíÊÙÔÛÊØ ïÍØÓÖÓ×ØÈÔ×ÎÛÏ×ÍÖÈÔ×ÙÔÛÌÈ×ÊÈÍ©÷ÄÓÉÈÓÎÕø×Æ×ÐÍÌÏ×ÎÈ¨ÚÇÈÙÍÎÈÓÎÇ×ÉÈÍÇÉ×ÈÔ× ÅÍÊØÎÍÎÙÍÎÖÍÊÏÓÎÕÈÍØ×ÉÙÊÓÚ×ÉÇÙÔØ×Æ×ÐÍÌÏ×ÎÈÓÎÙÐÇØÓÎÕ©ÎÍÎÙÍÎÖÍÊÏÓÎÕ ÉÈÊÇÙÈÇÊ×É¨ ûØØ×ØÛÎ×ÅÉ×ÙÈÓÍÎÉÈÛÈÓÎÕÈÔÛÈ©ê×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×ÉÉÔÛÐÐÚ×Ø××Ï×Ø©ùÍÎÖÍÊÏÓÎÕ¨ ÛÎØÎÍÈÉÇÚÒ×ÙÈÈÍÈÔ×ÌÊÍÆÓÉÓÍÎÉÍÖÈÔÓÉÉ×ÙÈÓÍÎ·¨ ûÐÐÍÅÉÖÍÊ Ê×ÌÐÛÙ×Ï×ÎÈÍÖÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÉÈÊÇÙÈÇÊ×ÉÌÊÍÆÓØ×ØÈÔ× ÎÍÎÙÍÎÖÍÊÏÓÈÃÓÉÎÍÈ×ÄÌÛÎØ×ØèÔÓÉÛÐÐÍÅÉÙÍÏÏ×ÊÙÓÛÐÉÈÊÇÙÈÇÊ×ÉÈÍÊ×ÚÇÓÐØÍÎÈÔ× ÉÔÍÊ×ÐÓÎ× ñÓÈÉÛÌùÍÇÎÈÃ ùÔÛÎÕ×ØÈÔ×ÎÛÏ×ÍÖÈÔ×ÙÔÛÌÈ×ÊÈÍ©÷ÄÓÉÈÓÎÕø×Æ×ÐÍÌÏ×ÎÈ¨ÛÎØ×ÉÈÛÚÐÓÉÔ×ÉÈÔÛÈ ÐÛÅÖÇÐÐÃÙÍÎÉÈÊÇÙÈ×ØÉÈÊÇÙÈÇÊ×ÉÚÇÓÐÈÚ×ÖÍÊ×ÈÔ×ÛØÍÌÈÓÍÎØÛÈ×ÍÖÈÔ×éïìÉÔÛÐÐÚ× ÙÍÎÉÓØ×Ê×ØÙÍÎÖÍÊÏÓÎÕ Ê×ÚÇÓÐØÓÉÛÐÐÍÅ×ØÍÇÈÊÓÕÔÈÆÍÐÇÎÈÛÊÃÍÊÖÓÊ× ÷ÄÌÛÎÉÓÍÎÉÊ×ËÇÓÊ×ÏÓÈÓÕÛÈÓÍÎÉÇÙÔÛÉÆ×Õ×ÈÛÈÓÍÎ×ÎÔÛÎÙ×Ï×ÎÈ úÛÓÎÚÊÓØÕ×óÉÐÛÎØ ùÍÎÈÓÎÇ×ÉÈÍÇÉ×ÈÔ×È×ÊÏ©ÎÍÎÙÍÎÖÍÊÏÓÎÕ¨ÅÓÈÔÎÍÎ×ÅÉ×ÙÈÓÍÎÖÍÊ×ÄÓÉÈÓÎÕÉÔÍÊ×ÐÓÎ× Ê×ÉÓØ×ÎÙ×É ïÛÓÎÈÛÓÎÉ×ÄÓÉÈÓÎÕéïìÐÛÎÕÇÛÕ×Ê×ÐÛÈÓÎÕÈÍÊ×Ø×Æ×ÐÍÌÏ×ÎÈÛÎØ Ê×ÚÇÓÐØÓÉÛÐÊ×ÛØÃ ÛÐÐÍÅ×ØÌ×ÊÈÔ×ÓÊÙÍØ× ûÎÃØ×Æ×ÐÍÌÏ×ÎÈÓÎÈÔ×ÚÇÖÖ×ÊÖÓÊ×ØÛÏÛÕ×Ê×ÌÐÛÙ×Ï×ÎÈÍÊÎ×ÅÊ×ËÇÓÊ×ÉÎÛÈÓÆ× Æ×Õ×ÈÛÈÓÍÎÌÐÛÎÈÓÎÕ ÷ÄÌÛÎÉÓÍÎÉÊ×ËÇÓÊ×ÈÔ×ÌÐÛÎÈÓÎÕÍÖÎÛÈÓÆ×Æ×Õ×ÈÛÈÓÍÎ ùíîùðçéóíî éÇÚÉÈÓÈÇÈ×é×ÎÛÈ×úÓÐÐÅÛÉÙÊ×ÛÈ×ØÚÃÈÔ×ð×ÕÓÉÐÛÈÇÊ×ÈÍÙÐÛÊÓÖÃÈÔ×ø×ÌÛÊÈÏ×ÎÈÍÖ÷ÙÍÐÍÕÃªÉ Ê×ÆÓ×ÅÛÇÈÔÍÊÓÈÃÓÎÈ×ÊÏÉÍÖ×ÄÓÉÈÓÎÕÊ×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×ÉèÔ×úÓÐÐÙÐÛÊÓÖÓ×ÉÈÔÛÈÐÍÙÛÐ ÒÇÊÓÉØÓÙÈÓÍÎÉÔÛÆ×ÉÇÚÉÈÛÎÈÓÛÐÖÐ×ÄÓÚÓÐÓÈÃÓÎÊ×ÐÛÈÓÍÎÈÍÈÔÓÉÈÍÌÓÙåÓÈÔÈÔÓÉÖÐ×ÄÓÚÓÐÓÈÃÙÍÏ×É ÉÓÕÎÓÖÓÙÛÎÈÊ×ÉÌÍÎÉÓÚÓÐÓÈÃÈÍ×ÎÉÇÊ×ÈÔ×ÙÍØ×ÓÉÅÊÓÈÈ×ÎÓÎÛÅÛÃÈÔÛÈÚÛÐÛÎÙ×ÉÛÅÓØ×ÛÊÊÛÃÍÖ ÙÍÏÏÇÎÓÈÃÆÛÐÇ×ÉÛÉÅ×ÐÐÛÉÛÙÔÓ×ÆÓÎÕîÍî×ÈðÍÉÉÍÖÔÛÚÓÈÛÈÖÇÎÙÈÓÍÎ éÈÛÖÖÓÉÐÍÍÑÓÎÕÈÍÈÔ×ìÐÛÎÎÓÎÕùÍÏÏÓÉÉÓÍÎÈÍÌÊÍÆÓØ×ÙÐ×ÛÊÕÇÓØÛÎÙ×ÛÚÍÇÈÔÍÅÈÍÌÊÍÙ××Ø úÃØÓÉÙÇÉÉÓÎÕØ×ÐÓÚ×ÊÛÈÓÎÕÛÎØÛÎÉÅ×ÊÓÎÕÈÔ×ÈÅÍËÇ×ÉÈÓÍÎÉÊÛÓÉ×ØéÈÛÖÖÅÓÐÐÚ××ËÇÓÌÌ×ØÈÍ ÌÊ×ÌÛÊ×ÈÔ×ÖÓÎÛÐØÊÛÖÈÍÖÈÔ×éÔÍÊ×ÐÓÎ×ïÛÉÈ×ÊìÊÍÕÊÛÏÈÔÛÈÅÓÐÐÚ×ÇÉ×ØÖÍÊÈÔ×ìÐÛÎÎÓÎÕ ùÍÏÏÓÉÉÓÍÎìÇÚÐÓÙô×ÛÊÓÎÕèÔ×ËÇ×ÉÈÓÍÎÉÈÍÚ×ÛÎÉÅ×Ê×ØÚÃÈÔ×ìÐÛÎÎÓÎÕùÍÏÏÓÉÉÓÍÎÛÊ×ÛÉ ÖÍÐÐÍÅÉ éÔÍÇÐØÈÔ×ùÓÈÃÙÊ×ÛÈ×ÛÎÛÐÈ×ÊÎÛÈ×ÎÛÏ×ÖÍÊÐ×ÕÛÐÎÍÎÙÍÎÖÍÊÏÓÎÕÊ×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×É ÍÎÈÔ×ÉÔÍÊ×ÐÓÎ×ÛÎØ 10 éÔÍÇÐØÈÔ×ùÓÈÃÛÐÐÍÅÖÍÊÈÔ×ÖÇÐÐÊ×ÌÐÛÙ×Ï×ÎÈÍÖÉÇÙÔÊ×ÉÓØ×ÎÈÓÛÐÉÈÊÇÙÈÇÊ×ÉÛÎÇÎÐÓÏÓÈ×Ø ÎÇÏÚ×ÊÍÖÈÓÏ×Éý óÎÛÎÉÅ×ÊÓÎÕÈÔ×É×ËÇ×ÉÈÓÍÎÉÙÛÊ×ÖÇÐÙÍÎÉÓØ×ÊÛÈÓÍÎÉÔÍÇÐØÚ×ÕÓÆ×ÎÈÍÈÔ×ÙÍÎÙ×ÊÎÉÊÛÓÉ×ØÚÃ ÙÍÏÏÇÎÓÈÃÏ×ÏÚ×ÊÉÈÔ×ÕÍÛÐÍÖÛÙÔÓ×ÆÓÎÕÛÇÉ×ÊÖÊÓ×ÎØÐÃÛÎØ×ÛÉÃÈÍÇÎØ×ÊÉÈÛÎØÙÍØ× ÙÍÎÉÓÉÈ×ÎÙÃÅÓÈÔÂÍÎÓÎÕÙÍØ×ÌÊÍÆÓÉÓÍÎÉÛÎØîÍî×ÈðÍÉÉ 11 Attachment IV APPRAISER AND LENDER COMMENTS: Appraisers: 1.A-1 Appraisals: From: Joel Sarver [mailto:joelsarver@qwestoffice.net] Sent: Wednesday, January 11, 2012 4:19 PM To: Nicole Floyd Subject: legal nonconforming zoning Dear Nicole, per your request about financibility of legal nonconforming homes: A large percentage of homes in Kitsap county are on legal nonconforming sites (created prior to current zoning requirements). I have been appraising in Kitsap county since 1986, and in my experience I do not recall a financing transaction that was denied by lenders simply because of nonconforming status. Even bare land sites are generally buildable if created prior to current zoning and current setbacks are met. If someone has a concern about financing of legal nonconforming sites, I would recommend that they talk to a lender about their concerns. Joel Sarver A-1 Appraisals Inc. 2.Cross Sound Appraisal: From: Michelle Wilkowski [mailto:mwilkowski@appraiserinc.com] Sent: Wednesday, February 22, 2012 2:03 PM To: Nicole Floyd Subject: Re: FW: Nonconforming Question The term non conforming has not had an impact on home loans in my experience. As far as I know the term non conforming does not have an impact as long as home can be 100% rebuilt in case of fire or other natural disaster. I have never seen a home loan denied because the home was non conforming. Most of the time if a home is non conforming the client wants the appraiser explain if the home can be rebuilt. If the home can be rebuilt we usually don't see anymore requests for clarification or documentation on whether the structure is legal. Please let me know if I can help you further. Michelle Wilkowski NW Regional Appraisal Services 3.Reems Appraisal Service: From: Kyle Morkert [mailto:kyle@reemsappraisal.com] Sent: Friday, January 20, 2012 12:29 PM To: Nicole Floyd Subject: RE: Nonconforming Question 1 Attachment IV Hello Nicole, In regard to your “nonconforming” question, here are my thoughts: Anytime the term “nonconforming” is used in an appraisal, it will require detailed explanation. The lender/underwriter will want assurance that the current use of a property is of a legal nature, and that this use will continue to be of a legal nature in the foreseeable future. The lender will also require assurance that the improvements could be rebuilt if destroyed by fire or other causes. The term “nonconforming” is a red flag issue, but in my experience can be remedied through detailed explanation and/or a letter from the appropriate municipality indicating that the current use is and will continue to be of a legal nature regardless of circumstance. Highest and Best Use analysis is the foundation of every appraisal assignment, and is defined as follows: The reasonably probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are: Legal permissibility, physical possibility, financial feasibility, and maximum profitability. In regard to residential appraisals, legal permissibility is the main criteria when faced with nonconforming issues. In my experience, I have seen loans denied over nonconforming issues. Example: Established single family home located in an area recently converted from residential to commercial zoning. Under commercial zoning (in this example), new construction of single family homes is no longer allowed, but the existing residential structure and use are “grandfathered”. In this case the subject residence, which would be collateral for a residential mortgage, could not be rebuilt in the event of being destroyed. Banks would typically not issue a residential mortgage on such a property since there is no guarantee that the collateral would remain intact. I would also suggest contacting an experienced mortgage professional in regard to your question. I would expect that they would have additional/valuable insight into this matter. Please let me know if you have any additional questions. Kyle Lenders: 1.Eagle Home Mortgage : From: Carolyn Kulp [mailto:CKulp@eaglehomemortgage.com] Sent: Wednesday, March 07, 2012 11:25 AM To: Nicole Floyd Cc: Diane Dahl Subject: RE: Mortgages 2 Attachment IV Hi Nicole, Per our conversation…95% of all conventional loans are backed by Fannie Mae or Freddie Mac. This is why all lenders follow their guidelines, and sometimes even have an overlay of stricter guidelines of their own, depending on the loan. The only loans that do NOT end up being Fannie or Freddie are FHA, VA, USDA, Jumbo, other non- conforming products (ARM’s etc), and portfolio (held on to by the mortgage company). If a loan is closed and found after the fact to not fit in Fannie or Freddie guidelines, it would need to “find a new investor” who would accept whatever it was that wasn’t “within the guidelines”, this is most of the 5%. Lenders do their best to make sure every loan is ok for Fannie or Freddie, but occasionally one isn’t. Also, to clarify, FHA, VA, and USDA guidelines are VERY similar to Fannie/Freddie, but generally have stricter guidelines in most areas, especially the appraisal and property requirements. (Those loans are about 75% of all loans these days, 25% being conventional, in our office that is.) It is imperative for properties to fit in these guidelines in order to find funding for the majority of buyers. Let me know if I can be of further assistance! Thank you, Carolyn Kulp Eagle Home Mortgage Loan Officer Production Assistant for Diane Dahl 253-851-7500 office 360-621-5581 cell 253-851-1072 fax 2.Republic Mortgage Home Loans: From: Lampert, Jerry Sent: Wednesday, January 11, 2012 5:13 PM To: 'nicole.floyd@ci.bremerton.wa' Subject: Legal Non-Conforming (Grandfathered USE) property mortgage funding Hi Nicole, thank you for your questions tonight. As long as we can confirm with the city that the home can be rebuilt we can fund on properties appraised as Legal Non- Conforming (Grandfathered USE). The appraiser can also confirm that info and note it in the appraisal as well. For Mortgage Banking world we see the term Non- Conforming as a Conventional Loan above the Fannie Mae/Freddie Mac county Loan Limit of $417,000. Go here to read more. I hope I have helped... All the best, Jerry 3 Attachment IV 3.Cherry Creek Mortgage : From: Roberts, Holly [mailto:hroberts@ccmclending.com] Sent: Saturday, January 14, 2012 6:46 AM To: Nicole Floyd Cc: Green, Brett Subject: Legal Non-Conforming Uses and Mortgage Lending Nicole, st Attached are current 1 quarter 2012 guidelines for Fannie Mae and Freddie Mac regarding “legal Non-Conforming” properties. In my experience, the code being applied must also state that if the property were destroyed or damaged, it would have to be allowed to be rebuilt. This information is not to be considered legal advice, nor relied upon to make decisions, it’s merely intended to be utilized for informational purposes. If I can be of any additional assistance, please let me know. Thank you. Holly S Roberts Executive Assistant Sr. Mortgage Banker MLO-108259 Cherry Creek Mortgage Company 9927 Mickelberry Road NW STE 111 Silverdale, WA 98383 (360) 620-4634 - Cell (360) 698-7400 - Office (360) 698-7413 – Fax 4 Attachment V NONCONFORMING LOAN ARTICLES 1) Loans 101: www.loans-101.com/loans-limits/washington-convential-loans.html What are Conventional Loans and Conforming Loans? By definition, a Conventional Loan is any mortgage that is not guaranteed or insured by the federal government. A conventional loan is generally referring to a mortgage loan that follows the guidelines of government sponsored enterprises (GSE's) like Fannie Mae or Freddie Mac. Conventional loans may be either "conforming" and "non-conforming". Conforming loans follow the terms and conditions set by Fannie Mae and Freddie Mac. Nonconforming loans don't meet Fannie Mae or Freddie Mac guidelines, but they are also considered conventional. What factors determine if I am eligible for a Conventional Conforming Loan in Washington? To be eligible for a Conforming Loan in Washington, your monthly housing costs (mortgage principal and interest, property taxes, and insurance) must meet a specified percentage of your gross monthly income. Your credit background will be considered. At least a 620 FICO credit score is generally required to obtain a conventional conforming loan approval. You must also have enough income to pay your housing costs plus all additional monthly debt. 2) Carteret Mortgage:www.nva-morgage.com The simple definition of a "conforming loan" is: A loan you can get approved for at most any financial institution have good credit with no late payments on any accounts within 12 months, at least two years’ job stability at the same job, have a substantial down payment, money for closing costs, at least two months house payments extra after all costs, and your income to debt ratio is under 38%. Rates for these loans are very close to what you read in the newspaper. The simple definition of a "non-conforming loan" is: You have a job and can make the payments. Your credit is used only to determine your interest rate and the loan amount to value of the home ratio. This ratio is referred to as your "LTV" or "Loan To Value". There are many lenders who will lend to borrowers who are in foreclosure or who are currently in a bankruptcy. Borrowers who are in these situations often have the worst possible credit. 3) Mortgage-X http://Mortgage-x.com/library/loans.htm Conventional loans may be conforming and non-conforming. Conforming loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac. These two stockholder-owned corporations purchase mortgage loans complying with the guidelines from mortgage lending institutions, packages the mortgages into securities and sell the securities to investors. By doing so, Fannie Mae and Freddie Mac, like Ginnie Mae, provide a continuous flow of affordable funds for home financing that results in the availability of mortgage credit for Americans. 1 Attachment V Fannie Mae and Freddie Mac guidelines establish the maximum loan amount, borrower credit and income requirements, down payment, and suitable properties. Fannie Mae and Freddie Mac announces new loan limits every year. The national conforming loan limit for mortgages that finance single-family one-unit properties increased from $33,000 in the early 1970s to $417,000 for 2006-2008, with limits 50 percent higher for four statutorily-designated high cost areas: Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Since early 2008, a series of legislative acts have temporarily increased the one-unit limit to up to $729,750 in certain high-cost areas in the contiguous United States. Permanent limits, which apply to the Enterprises' acquisitions of certain mortgages originated prior to July 1, 2007, are set under the terms of the Housing and Economic Recovery Act of 2008 (HERA). The 2011 conforming loan limits for first mortgages remain at the limits set in 2006, 2007, 2008, 2009 and 2010: One-family: $417,000 Two-family: $533,850 Three-family:$645,300 Four-family: $801,950 4)Financing Your Million Dollar Seattle Home: Jumbo (Non-Conforming) Mortgages www.morgageporter.com/reportingfromseattle.jumbononconforming/ Jumbo mortgages have been slowly returning since the "mortgage meltdown" and the pricing is becoming more competitive as lenders re-enter the non-conforming markets. Loan amounts that are higher than conforming loan limits have different underwriting guidelines than conforming, typically requiring additional reserves (assets) from the borrower, lower debt-to-income ratios and higher credit scores. It's not unusual to have underwriting require a second appraisal after reviewing the first one with a fine tooth comb. Because these loans are not backed by Fannie or Freddie, they tend to be scrutinized more than mortgage with a conforming loan amount. The higher the loan amount is, the more reserves the borrower is required to have. One lender I work with requires 6 months reserves for loan amounts of 1 million or less and 12 months reserves if the loan amount is over 1 million. In the greater Seattle area (King, Snohomish and Pierce Counties), a jumbo loan currently is any residential mortgage with a loan amount higher than $567,500 (click here for a list of loan amounts by county). If you're eligible for a VA loan, jumbos are a different story. This post will focus on non-conforming jumbos. 2 Attachment V Non-conforming loans have several factors that impact pricing including credit score, loan to value and loan amounts. Here's a comparison of rates using a 30 year fixed based on current pricing based on home valued at 1.3 million, purchase with credit scores of 740 or higher and taxes and insurance included in the mortgage payment: Loan amount of $1,000,0000: 5.625% priced w/1 point (APR 5.767) NOTE: 20% down payment would not work with this scenario as most lenders require 25% down when loan amounts are over 1 million. Loan amount based on 75% loan to value: $975,000: 5.500% priced w/1 point (APR 5.641). Loan amount based on 60% loan to value: $780,000: 5.375% priced w/1 point (APR 5.522). For reference, I'm quoting 5.00% for a 30 year fixed a high balance conforming ($567,500 - $417,001 loan amount) at an 80% loan to value (apr 5.147). If the loan to value is 60% or lower, the rate is reduced to 4.875% (apr 5.024). Loan amounts from 1.5 - 2 million typically require a down payment of 30%. NOTE: Adjustable rate mortgages are available and 30 year fixed with interest only payments (requires more equity and higher credit scores than fully amortized jumbos). I'm using a 30 year fixed amortized for comparison sake to illustrate the difference in rates based on various down payments. For your personal rate quote for homes located in Washington state, please contact me. 5) Wikipedia: www.wikipedia.com A non-conforming mortgage is a term in the United States for a residential mortgage that does not conform to the loan purchasing guidelines set by the Federal National Mortgage Association /Federal Home Loan Mortgage Corporation (Fannie Mae and Freddie Mac). Mortgages which are non-conforming because they have a dollar amount over the purchasing limit set by FNMA/FHLMC are often called "jumbo" mortgages. Mortgages which are non-conforming because they do not meet FNMA/FHLMC underwriting guidelines (such as credit quality or loan-to-value ratio) are often called "subprime" mortgages. Non-conforming loans must remain in a lender's portfolio, or be sold to other companies who purchase non-conforming loans, or be securitized, with the securities being sold to investors seeking non-conforming mortgage-backed securities. Consequently, a premium is paid by those obtaining non-conforming mortgages, generally .25 or .5 points more than the same loan would cost if it were conforming. The loan amount is adjusted every few years depending upon the average sales price of homes in the U.S. 3