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STAFF REPORT MEETING DATE: June 6, 2017 TO: City Council FROM: Robert Brown, Community Development Director PRESENTER: Robert Brown, Community Development Director SUBJECT: DIRECTION TO STAFF ON WHETHER TO SEND A COMMENT

LETTER TO ABAG AND MTC ON DRAFT PLAN BAY AREA 2040 AND EIR

REQUEST Consider whether to send a letter to the Association of Bay Area Governments (ABAG) and the Metropolitan Transportation Commission (MTC) commenting on the Draft Bay Area 2040 and its associated environmental impact report. BACKGROUND In 2008, the State adopted SB 375, which requires that Regional Transportation Plans, which allocate funding for transportation projects, include a Sustainable Communities Strategy (SCS) that would coordinate regional land use and transportation planning with a goal of reducing greenhouse gas emissions from the transportation sector by 7% by 2020 and 15% by 2035.

In July 2013, the Metropolitan Transportation Commission (MTC) and ABAG adopted Plan Bay Area (PBA) 2013 as the Bay Area’s first Regional Transportation Plan/Sustainable Communities Strategy. The major policy intent of PBA 2013 was to incentivize cities to self-designate Priority Development Areas (PDAs) for higher-intensity infill development near major transit lines. In exchange for planning for higher residential densities or commercial intensities, these jurisdictions would receive the lion share of discretionary transportation funding.

State law requires that the RTP/SCS must be updated every four years. In spring 2015, MTC and ABAG initiated a limited update of Plan Bay Area, called PBA 2040. This update will entail updated growth projections both to reflect the uptick in the economy and to better align ABAG’s forecasts with those of the Department of Finance, which was a point of contention in the previous PBA 2013.

Growth Projections As with most long-range planning exercises, PBA 2040 included the preparation of alternative regional growth scenarios which either focused or dispersed growth to various locales in the Bay Area, and tested various types and locations of transportation improvements to analyze the different impacts of these alternative visions of growth to the year 2040.

922 Machin Avenue Novato, CA 94945

415/ 899-8900 FAX 415/ 899-8213

www.novato.org

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In late 2015, ABAG forwarded “first round” draft projections of households and jobs by jurisdiction and asked for comments from cities and counties. On February 2, 2016 the City Council received a presentation from ABAG and City staff comparing the draft ABAG projections with those being utilized for the City’s General Plan update. At the conclusion of the hearing, the City Council supported sending a letter to ABAG commenting that the lower end of the projected range of jobs and households was generally consistent with those being estimated by the City. The letter was sent on February 8, 2016 (see Attachment 1).

On June 4, 2016 ABAG and MTC hosted a workshop in Marin on Plan Bay Area 2040, and at the meeting distributed a table of revised projected jobs and households by jurisdiction for each of three future growth scenarios being evaluated (Main Streets: more scattered, decentralized growth; Connected Neighborhoods: Focused growth in Priority Development Areas along transit routes; Big Cities: focused growth in San Francisco, Oakland and San Jose).

In response to the projections issued in June, the City Council authorized a comment letter at their meeting of July 12, 2016, again stating that the jobs projections significantly exceeded previous ABAG assumptions and the City’s recently prepared General Plan projections (see Attachment 2).

On August 30, 2016, ABAG and MTC released their “Preferred Scenario” household and jobs projections by jurisdiction (see Attachment 3). This scenario sought to maximize land use patterns and transportation improvements to meet the greatest number of project goals (e.g., greenhouse gas reduction, affordable housing, open space preservation, congestion, etc.). The City Council authorized a comment letter at their meeting of October 11, 2016 expressing concerns over the recalibration of housing and jobs numbers assumed to have existed in 2010, which resulted in an increase of nearly 6,000 jobs to the 2010 base (see Exhibit 3). The City did not, however, object to the proposed housing and jobs projections for Novato, since both were lower than the original Plan Bay Area. ABAG and MTC adopted the final Preferred Scenario for EIR analysis in late November.

Draft PBA 2040 attempts to accommodate 666,000 new households and 668,000 new jobs by the year 2040, and distribute $303 billion in transportation funds. 46% of household growth are projected to occur in the “Big 3 Cities” of San Francisco, Oakland and San Jose, and 77% of new households in PDAs. Only 1% of new household growth in the Bay Area is projected to occur in Marin County (see Attachment 4). 43% of job growth is projected in the Big 3 Cities and 55% in PDAs. Again, only 1% of new job growth is projected in Marin County (see Attachment 5).

Novato is projected to increase by only 900 households through 2040 – an increase of about 40 dwellings per year. Employment increases in Novato are projected at 1,900 new jobs by 2040. Both projections are well less than 2013 Plan Bay Area. Household projections have decreased from 1,170 to 900 new households, a 77% decrease from the previous Plan Bay Area. Job projections for Novato have decreased from 3,500 jobs to 1,900 new jobs by 2040, a 54% decrease.

A comparison of the Draft PBA 2040 jobs and households projections by Marin jurisdiction with PBA 2013 can be found in Attachment 6.

Transportation Investment Strategy The “Preferred Scenario” also includes a proposed regional transportation investment strategy. Regional spending priorities largely continues the overall priorities from PBA 2013 which are largely focused on a “fix it first” priority for transit and roads, followed by supporting focused

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growth and protecting climate. In the face of substantial transportation needs, funding existing transit operations is the largest single investment for the region over the next 24 years. Regionally, $303B is expected to be available for transportation operations, maintenance and improvements through the year 2040. Of this, half will go to maintaining and operating existing transportation facilities and service providers. Only 10%, about $30B, will be available over the next 23 years for expansion of transit or roadway facilities and services.

The projects submitted by the Transportation Authority of Marin Board in May 2016 for consideration in Plan Bay Area 2040 are all included in the Draft PBA 2040. Over the 25-year plan funding, $17M is included for widening of Novato Boulevard between Diablo and Grant, $42 M for extending SMART to Larkspur and $136M for U.S. 101 widening between Marin and Sonoma counties. A copy of the proposed Plan Bay Area 2040 Transportation Project List for Marin is attached as Exhibit 7.

PBA 2040 Performance The Draft EIR for PBA 2040 finds that of 78 impact areas analyzed (evaluating regional growth consequences over the next 23 years at a macro level), 40 were identified as being insignificant with mitigation, and 38 were found significant and unavoidable. The proposed PBA 2040, was found to be preferable to the No Project alternative (allowing growth to occur according to individual general plans, without regional coordination and incentivizing growth towards existing transit) and the Main Streets alternative that would allocate more growth to suburban downtowns. The Big Cities alternative of locating even more growth than planned in the 3 “big cities” of San Francisco, Oakland and San Jose, had less significant impacts than the proposed PBA 2040.

The Sustainable Communities Strategy for the Bay Area has two principal objectives (achieving the mandated greenhouse gas reduction of 15% by 2035 and accommodating all needed housing growth to compensate job growth within the 9 Bay Area counties) and 11 voluntary objectives. The Draft Plan achieves or moves in the right direction on 9 of these, but moves in the wrong direction on four, including housing/transportation affordability and displacement of lower income residents.

To address the continuing challenges of implementing this regional strategy of encouraging housing growth near transit and jobs and associating discretionary transportation funds to areas accepting more growth, the Draft Plan includes Action Plans in 3 areas: Housing Production, Preservation and Protection, Economic Development and Resilience. The elements of these 3 action plans are included as Attachments 8, 9 and 10. In the area of housing affordability, the major actions include the CASA blue-ribbon committee on affordable housing that will recommend a regional funding strategy to increase subsidies for affordable housing, possibly through a regional tax. Another strategy will be to further link discretionary transportation, infrastructure and planning grants to actual housing production, not just having a designated Priority Development Area. In the area of Resilience to the effects of climate change, there is concern that many PDAs and transit facilities are in areas that will be subject to sea level rise. The Action Plan includes a proposal for a more regional governance structure to coordinate activities of many state and regional agencies around planning for and mitigation sea level rise.

FISCAL IMPACT None.

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RECOMMENDATION Review Draft Plan Bay Area 2040 and choose to not submit comments to ABAG and MTC based on Novato’s declining jobs and housing projections. ALTERNATIVES

1. Direct staff to prepare a letter responding to ABAG/MTC’s Draft PBA 2040 or EIR. ATTACHMENTS

1. February 8, 2016 comment letter from Community Development Director to ABAG 2. July 13, 2016 comment letter from Community Development Director to ABAG 3. October 11, 2016 comment letter from Community Development Director to ABAG 4. Map of PBA 2040 Household Growth Projections by County 5. Map of PBA 2040 Job Growth Projections by County 6. Comparison of PBA Household and Job Projections for Marin County jurisdictions with

PBA 2013. 7. Proposed Transportation Improvement List for Marin 8. PBA 2040 Housing Action Plan 9. PBA 2040 Economic Development Action Plan 10. PBA 2040 Resilience Action Plan

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February 8, 2016 Miriam Chion Planning & Research Director Association of Bay Area Governments 101 8th Street Oakland, CA 94607 Dear Ms. Chion:

Thank you for the opportunity to provide feedback on the Plan Bay Area 2040 draft preliminary growth projections for Novato. We greatly appreciate the need for thoughtful planning on how to accommodate future growth, particularly as the Bay Area’s economy is expanding rapidly and housing costs continue to escalate.

The City of Novato is located 25 miles north of San Francisco. Most of our residents work in Novato (34%) or in other communities in Marin County (31%).1 The City has been somewhat removed from the impacts of the booming technology industry, which are most clearly being experienced in San Francisco, the Peninsula and the South Bay communities. Although we have seen asking rents increase nearly 9% over the last year and median single family home prices increase almost 7%, Novato’s housing costs have not risen as dramatically as they have in San Francisco and in the southern Marin communities.2, 3

Novato remains the most affordable community in Marin County in which to rent or purchase a home.

While our unemployment rate is low (3.2%) and our economy continues to improve, we still have significant retail vacancies and an office vacancy rate of 23%.4, 5 The economy is good in Novato, but not expanding rapidly, due in part to the City’s location and demographics. The City has embarked on a marketing campaign to attract tech companies, particularly in the bio/life sciences industry, to Novato in order to provide higher-paying jobs that enable people to both work and live in our community. While we have had some successes, it is too early to determine if demand for new office space will ultimately justify development of the new office and R&D space included in our growth forecasts below.

The median age of our residents is 44.1 years, slightly lower than Marin County’s average age of 45.1 years.6 The Department of Finance projects that the Marin County population will continue to age over the next 25 years, with the senior cohort increasing its share of the overall population from 17% in 2010 to 27% in 2030 and 26% in 2040, before finally receding to more historic norms.7 We expect a similar pattern in Novato, with the senior cohort increasing from 16% to 25% of the population by 2040.

As a result, we project modest growth in Novato that reflects the aging population. Over the next 25 years, we expect homes that are currently housing empty nesters will slowly turn over to families with school-age children, and that our existing housing stock will be able to absorb many of the new residents in the process. Approximately 68% of our existing housing stock has 3 or more bedrooms, but only 37% of our existing households have 3 or more persons, indicating that many of our residents are living in houses that are larger than they need.8 We expect this imbalance to correct itself as new, higher-paying job

1 Census Transportation Planning Products, 2006-2010 Five-year estimates. 2 RealFacts, Novato Market Overview, 3rd Quarter 2015. 3 Marin County Assessor, annual data for 2014 and 2015. 4 California Employment Development Division, Monthly Labor Force Data for Cities and Census Designated Places, November 2015 – Preliminary (data not seasonally adjusted). 5 Newmark Cornish & Carey, Marin County 3Q15 Office Market Research. 6 American Community Survey 3-year Estimates, 2013 7 California Department of Finance, Report P-1 (age) State and County Population Projections by

Major Age Groups, December 15, 2014. 8 American Community Survey 3-year Estimates, 2013.

922 Machin Avenue Novato, CA 94945 415/899-8900 FAX 415/899-8213 www.novato.org Mayor Pat Eklund Mayor Pro Tem Denise Athas Councilmembers Pam Drew Josh Fryday Eric Lucan City Manager Michael S. Frank

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opportunities attract families to Novato.

Update of the City’s General Plan

Over the past 2 ½ years the City has been studying areas that are good candidates for revitalization and/or vacant infill sites that can accommodate new or additional growth. This process included a comprehensive inventory of all unimproved parcels that are currently designated for commercial or multi-family use. This effort identified just 21 vacant commercial and multi-family sites throughout the City, ranging in size from 0.14 to 39 acres, with a median parcel size of 1.85 acres. The City is currently considering land use changes for some of these parcels. However, since only 2.4% of Novato’s land is designated for commercial or mixed-use, and only 5% is designated for business or industrial land use, the City is only considering shifting land use designations within these categories. Retaining existing land zoned for commercial and business/professional office use remains a City priority.

The City’s planning process has focused on four specific areas, as described below.

North, North Redwood Boulevard Corridor, extending north of San Marin Drive to the City’s northerly boundary with Olompali State Park. The mile-long corridor contains most of the City’s remaining vacant commercially zoned land as well as the new San Marin SMART rail station. The centerpiece of development in the area on the eastern slope of Mount Burdell is the world-renowned Buck Institute for Research on Aging. At the southern end of the study area, along San Marin Drive, is the 711,000 square-foot office complex known by its former principal tenant, Fireman’s Fund. The City is considering resdesignating and rezoning three parcels from Light Industrial/Office to Business/Professional Office in order to support the community’s vision for the area as a life sciences industry hub.

North Redwood Boulevard Corridor is a 20-acre area, bounded by Olive Avenue to the south and San Marin Drive to the north. The area is considered one of the last major re-developable areas in Marin County, and with its proximity to Highway 101and the new North Novato SMART rail station, could be very attractive for new investment and revitalization. Two of the major land uses in the corridor, Shamrock Materials and Dairymen’s Milling, have generally ceased operations and wish to sell their properties for redevelopment. The community’s vision for the area includes a vibrant, pedestrian-oriented retail development with gathering places, restaurants and entertainment in place of the existing commercial and industrial uses. The City is considering some land use redesignations and rezonings to promote retail and mixed use development.

Northwest Quadrant, one of the historic neighborhoods of Downtown Novato, is almost completely built out with single and multi-family buildings, but anticipated revisions to existing development standards could incentivize some reinvestment in the neighborhood. These units are expected to be small and could provide ideal housing opportunities for empty nesters seeking to downsize.

Downtown. The City is considering redesignating and rezoning parcels on Redwood Boulevard between Vallejo and Olive Avenue to allow residential mixed use. Redevelopment of the Downtown could include new second story housing above ground-floor commercial uses and some additional commercial development.

Development Projections

The City has developed household and job projections, as shown in the table below. These projections are based on the results of the focus area studies, analysis of vacant and underutilized commercial and multi-family parcels, and housing potential identified in the Available Land Inventory of the City’s 2015-2023 Housing Element. The projections also include all current development applications and proposals. A local inventory identifying projected development potential is attached. These projections represent the higher end of the potential scale of job and household growth over the next 25 years.

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General Plan Jobs and Household Projections

2010 Existing1

2015 Estimate

2040 Estimate

Jobs 20,890 22,4652 25,270

Households 20,279 20,8903 21,796

1 ABAG Plan Bay Area 2013 2 Marin Economic Forum, utilizing US Census Bureau Longitudinal Employer-Household Dynamics (LEHD)

and California Employment Development Department Employment & Labor Force data 3 2014 American Community Survey 5-year Estimates

Based on the City’s detailed analysis (see attached summary) and understanding of the local real estate market, our conclusion is that the higher end of Novato’s likely development potential over the next 25 years is most closely aligned with the Low Range of the Draft Jobs and Household Growth Projections for Plan Bay Area 2040 as demonstrated below:

2040 Growth Forecasts PBA 2040

LOW

City of Novato

Forecast

PBA 2040

HIGH

Jobs 24,640 25,270 29,520

Households 21,330 21,796 25,860

Sincerely,

Robert M. Brown Community Development Director cc: Cynthia Kroll, Chief Economist, Association of Bay Area Governments; Hing Wong, Senior Regional

Planner, Association of Bay Area Governments; City Manager, City Council, Planning Commission, City Clerk

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Job Projections

Project/Address Square Feet CategorySq Ft/

EmployeeEmployees

Hanna Ranch – commercial 34,621 Regional Retail 857 40

Hanna Ranch – commercial 10,000 Other Retail/Services 344 29

Hanna Ranch – hotel 70,573 Hotel/Motel 1,152 61

516 Hospital Drive (Hamilton Hospital) 36,064 Other Retail/Services 344 105

700 Hangar Avenue Infil l (8 Hamilton Landing) 56,000 Low-rise office 288 194

Hanna Ranch - office 21,190 Low-rise office 288 74

933 “C” Street (North Bay Children’s Center) 6,769 Other Retail/Services 344 20

5400 Hanna Ranch Rd. (McPhail’s) 59,600 Light Manufacturing 439 136

Hamilton Fields 50,000 Commercial Recreation 51

7533 and 7537 Redwood Blvd (Atherton Place) 5,630 Other Retail/Services 344 16

North Redwood Corridor (East of Redwood-South) 130,000 Regional Retail 857 152

Remove existing buildings -17,948 Warehouse 814 -22

North Redwood Corridor (East of Redwood-North) 45,000 Regional Retail 857 53

Remove existing buildings -15,407 Warehouse 814 -19

Olive/Redwood 17,000 Other Retail/Services 344 49

American Assets 30,000 Other Retail/Services 344 87

Campus Properties - Wood Hollow 40,000 Hotel/Motel 1,152 35

Oakview Office 24,000 Low-rise office 288 83

Campus Properties - Black John & Lands of Wright 180,000 Low-rise office 288 625

Buck Institute (approved) 130,000 Research facil ities 996 131

PG&E 40,000 Low-rise office 288 139

Birkenstock 135,365 R&D/flex space 344 394

Downtown 20,000 Other Retail/Services 344 58

Hamilton (incl. School District master plan) 113,800Hotel/Motel; Other

Retail/Services1,152/344 198

Other 40,000 Other Retail/Services 344 116

SUBTOTAL 2,805

Existing Jobs 2015 22,465

TOTAL 2040 25,270

Other Sites

Approved

In Process

Projected

Noth Redwood Blvd. Corridor without Water District and Bus Yard Redevelopment (from Focus Area Study)

North, North Redwood Boulevard Corridor (from Focus Area Study)

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Household Projections

Built 2015

Canyon Green 16

Walnut Meadows/840 McClay Rd 12

Under Construction

Fourth St. Homes (Habitat for Humanity) 10

Rudnick Estates 22

Oma Village (Homeward Bound) 14

Approved

State Access Senior Apartments (801 State Access) 48

516 Hospital Drive (Hamilton Hospital) 48

Buck Institute 130

In Process

Main Gate and "C" (Hamilton Square; 970 C Street ) 31

Landing Court (AHO site #2) 34

1787 Grant Ave. (AHO site #1) 35

7533 and 7537 Redwood Blvd (Atherton Place) 55

7711 Redwood Blvd., Laurel Ridge Senior Apts (AHO #3) 104

Hamilton Field Senior Housing 16

Bahia Heights Subdivision 9

Development Projections

North Redwood Blvd. Corridor Focus Area Study 15

Northwest Quadrant neighborhood 10

Multi-family housing (including Housing Element sites) 115

Mixed Use in Downtown (Housing Element sites) 70

Senior assisted living units 60

Miscellaneous single family 30

Miscellaneous second units 60

Total New Housing Units 2040 944

Less 4% Vacancy Rate (38)

Total New Households 2040 906

Existing Households 2015 20,890

TOTAL HOUSEHOLDS 2040 21,796

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June 13, 2016

Miriam Chion Director of Planning and Research Association of Bay Area Governments Bay Area Metro Center 375 Beale Street San Francisco, CA 94105-2066 Ken Kirkey Director of Planning Metropolitan Transportation Commission Bay Area Metro Center 375 Beale Street, Suite 800 San Francisco, CA 94105-2066 RE: PBA 2040 Jobs Projections

Dear Miriam and Ken:

Participants at the June 4th Plan Bay Area 2040 forum in Marin were provided with community-level household and jobs projections as “second round” refinements to projections which will be used as the basis of Plan Bay Area 2040. I understand that your staff are now working on modified “preferred scenario” projections, and wish to provide the City of Novato’s initial comments on the June projections and request that the basis for changes in the projections be more fully disclosed to local planning agencies.

The housing projections for Novato published in June are relatively consistent with previous estimates, however the recently released jobs projections differ significantly from the 2010 Census, Plan Bay Area 2013 and from the jobs projections provided to cities in October 2015. More importantly, the June jobs projections vary from those contained in the draft General Plan 2035. The following summarizes the wide divergence of the June jobs projections from past ABAG projections and those used in our draft General Plan:

Jobs Growth Forecasts * Data for base year not provided by ABAG

Base Year 2040 Δ Base Year - 2040

PBA 2040 (June 2016)

26,400 (2010)

Main Streets Connected

Neighborhoods Big Cities

7,300 – 7,500 jobs (22% inc. over 30 years) 33,900 33,700 33,800

PBA 2040 (Oct. 2015)

?* Low High

n/a 24,600 28,900

PBA 2013 22,465 (2010) 24,390 1,925 jobs

(8% inc. over 30 years)

GP 2035 22,465 (2015) 25,270 2,805 jobs

(11% inc. over 35 years)

922 Machin Avenue Novato, CA 94945 415/899-8900 FAX 415/899-8213 www.novato.org Mayor Pat Eklund Mayor Pro Tem Denise Athas Councilmembers Pam Drew Josh Fryday Eric Lucan Interim City Manager Cathy Capriola

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The new jobs forecast for Novato are 17-37% higher than those provided to the City last fall and almost 3 times higher than ABAG’s 2013 projections and our draft General Plan (7,400 increase in jobs vs. 2,805 in our draft General Plan). As part of our General Plan update, local planners have utilized numerous data sources and a parcel-by-parcel analysis to project job growth from both approved, in process and anticipated future commercial and industrial development. We project approximately 1.36 million square feet of new commercial/industrial development by 2040 which would yield approximately 2,800 new jobs. Even factoring in full occupancy of all currently vacant office and commercial space (approximately 550,000 square feet) would theoretically yield up to 1,900 additional jobs, for a total increase of 4,700 new jobs in Novato by 2040, which is far less than the 7,300 to 7,500 jobs forecast by ABAG/MTC. It is apparent to us that the anticipated job increase is completely unrealistic in terms of both demand and physical capacity in Novato.

In addition, the Base Year (2010) number of 26,400 jobs is approximately 20% higher than the 21,154 Novato workers shown in the 2010 U.S. Census and the 22,465 jobs listed in Plan Bay Area 2013 for the year 2010. ABAG staff stated that two additional data sources were available but were not factored into the revised base year assumption – the American Community Survey (2008-2012) which estimated 24,571 jobs in Novato and a “custom data run” prepared by the State Economic Development Department which computed both employees working for identified businesses as well as the self-employed which estimated 24,700 Novato jobs in 2010. These data sources are at odds with the 2010 jobs figure contained in the June release. According to ABAG staff, the June jobs projections were based strictly on the output of the UrbanSim computer model which yielded an estimate of 26,400 Novato jobs in 2010, although ABAG staff were unable to explain the significant difference (between 1,700 and 1,800 jobs) between the two data sources and the UrbanSim output.

To provide meaningful feedback, the City of Novato needs a better understanding of the data that resulted in the substantial increase in assumed local jobs for the 2010 base year, the deviance between UrbanSim outputs and various data sources for the 2010 base year assumption, and the rationale behind the projected increase in jobs by 2040 that is substantially higher than the modeling performed just six months ago.

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We request that the “preferred scenario” projections under development take into account and rectify these major deviations between recent and past projections and that a much greater effort be made in explaining the modeling assumptions and results to local planning agencies.

Many thanks in advance for your assistance,

Bob Brown, AICP Community Development Director

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October 12, 2016

Miriam Chion Director of Planning and Research Association of Bay Area Governments Bay Area Metro Center 375 Beale Street San Francisco, CA 94105-2066 Ken Kirkey Director of Planning Metropolitan Transportation Commission Bay Area Metro Center 375 Beale Street, Suite 800 San Francisco, CA 94105-2066 RE: PBA 2040 Preferred Scenario Projections

Dear Miriam and Ken:

At its meeting of October 11, 2016 the Novato City Council authorized the following comments related to the Preferred Scenario:

1. There is concern regarding the substantial adjustment to the 2010 base year number of jobs (a 26% increase from the baseline used in PBA 2013). Although this increase has been explained as having resulted from the use of additional data sources, the shift in base year numbers makes statistical comparisons very difficult between planning documents and renders most local general plans, which are frequently based on ABAG projections, substantially out of compliance with the regional assumptions. As we stated in our July 13, 2016 letter, “ To provide meaningful feedback, the City needs a better understanding of the data that resulted in the substantial increase in assumed local jobs for the 2010 base year, the deviance between UrbanSim outputs and various data sources for the 2010 base year assumption.” Although MTC and ABAG staff have made some attempt to communicate the basis for the change in the baseline numbers, greater efforts at clear communication to local agencies are necessary to fully understand the significant data adjustments.

2. From a regional perspective, the shift away from concentration of jobs and housing in PDAs seems contrary to the plan objectives. Plan Bay Area 2013 allocated 80% of households into PDAs and 70% of jobs. Plan Bay Area 2040 lowers these percentages to 75% and 52% respectively.

3. The assumption that additional subsidies will be provided to create affordable housing in PDAs seems very speculative. With the loss of Redevelopment, the ability of local government to subsidize housing production has been drastically reduced.

Thank you for the opportunity to provide feedback.

Bob Brown, AICP Community Development Director

922 Machin Avenue Novato, CA 94945 415/899-8900 FAX 415/899-8213 www.novato.org Mayor Pat Eklund Mayor Pro Tem Denise Athas Councilmembers Pam Drew Josh Fryday Eric Lucan Interim City Manager Cathy Capriola

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Plan Bay Area 2040 – Household Growth Projections by County: 2010-2040

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Plan Bay Area 2040 – Job Growth Projections by County: 2010-2040

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HOUSEHOLDS

Jurisdiction Households

2010

Household

Forecast 2040

Households

2010

Household

Forecast 2040

Households

2010

Household

Forecast 2040

Forecast

Change

% Forecast

Change

Belvedere 930 990 900 1,000 930 970 20 150.0%

Corte Madera 3,800 4,300 3,900 4,350 3,790 4,080 210 172.4%

Fairfax 3,400 3,700 3,400 3,550 3,380 3,620 60 125.0%

Larkspur 5,900 6,400 5,850 6,300 5,910 6,450 -40 92.6%

Mill Valley 6,100 6,400 5,900 8,150 6,080 6,540 -160 -65.2%

Novato 20,300 21,200 20,150 21,350 20,280 21,450 -270 -76.9%

Ross 800 840 800 900 800 860 -20 -66.7%

San Anselmo 5,200 5,500 5,200 5,450 5,240 5,530 10 103.4%

Total 22,800 25,600 22,550 25,950 22,760 26,490 -930 -75.1%

PDA 1,700 2,600 1,650 2,750 2,420 3,830 -510 -63.8%

Sausalito 4,100 4,400 4,150 4,500 4,110 4,470 -60 -83.3%

Tiburon 3,700 3,900 3,600 3,850 3,730 4,000 -70 -74.1%

Total 26,200 28,400 27,450 30,600 26,190 27,580 810 158.3%

PDA 1,400 1,800 1,500 2,050 4,290 4,810 -120 -76.9%

Total 103,200 111,600 103,900 115,900 103,200 112,040 -440 -95.0%

PDA 3,100 4,400 3,150 4,800 6,710 8,640 -630 -67.4%

EMPLOYMENT

Jurisdiction Employment

2010

Employment

Forecast 2040

Employment

2010

Employment

Forecast 2040

Employment

2010

Employment

Forecast 2040

Forecast

Change

% Forecast

Change

Belvedere 310 320 300 300 430 480 -40 -20.0%

Corte Madera 6,500 7,200 6,650 7,450 7,940 8,260 380 -218.8%

Fairfax 1,600 1,700 1,550 1,700 1,490 1,820 -230 -30.3%

Larkspur 7,500 7,700 7,450 8,800 7,190 7,810 -420 -32.3%

Mill Valley 6,000 6,600 6,000 6,600 5,980 6,790 -210 -74.1%

Novato 26,400 28,300 26,400 29,500 20,890 24,390 -1600 -54.3%

Ross 360 380 350 400 510 590 -60 -25.0%

San Anselmo 3,300 3,400 3,300 3,650 3,740 4,360 -520 -16.1%

Total 43,400 49,000 43,300 49,100 37,620 44,960 -1740 -76.3%

PDA 9,100 10,000 9,000 10,100 8,250 10,480 -1330 -40.4%

Sausalito 5,200 5,900 5,200 5,800 6,220 7,640 -720 -49.3%

Tiburon 2,800 2,900 2,850 2,900 2,340 2,690 -250 -28.6%

Total 18,400 21,600 17,500 21,350 16,380 19,360 220 -107.4%

PDA 660 740 650 750 2,260 2,960 -620 -11.4%

Total 121,800 135,000 120,800 137,600 110,730 129,150 -5220 -71.7%

PDA 9,700 10,800 9,650 10,850 10,510 13,440 -1830 -37.5%

Comparison PBA 2040 to

PBA 2013

Comparison PBA 2040 to

PBA 2013

Draft PBA 2040

(Fall 2016)

PBA 2013

Draft PBA 2040

(Fall 2016)

PBA 2013

County Total

Marin County

Unincorporated

County Total

San Rafael

Final PBA 2040

Final PBA 2040

San Rafael

Marin County

Unincorporated

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ϭϭϯ ϭϳͲϬϯͲϬϬϬϭ DĂƌŝŶ WƌŽŐƌĂŵ ŝĐLJĐůĞĂŶĚWĞĚĞƐƚƌŝĂŶWƌŽŐƌĂŵŝĐLJĐůĞĂŶĚWĞĚĞƐƚƌŝĂŶWƌŽŐƌĂŵ

ΨϯϬ ΨϬ Ψϵ ΨϬ ΨϮϭ

ϭϭϰ ϭϳͲϬϯͲϬϬϬϮ DĂƌŝŶ WƌŽŐƌĂŵ ůŝŵĂƚĞWƌŽŐƌĂŵdDĂŶĚŵŝƐƐŝŽŶZĞĚƵĐƚŝŽŶdĞĐŚŶŽůŽŐLJ ůŝŵĂƚĞ/ŶŝƚŝĂƚŝǀĞƐ Ψϭ ΨϬ ΨϬ ΨϬ Ψϭ

ϭϭϱ ϭϳͲϬϯͲϬϬϬϯ DĂƌŝŶ WƌŽŐƌĂŵ ŽƵŶƚLJ^ĂĨĞƚLJ^ĞĐƵƌŝƚLJĂŶĚKƚŚĞƌ ŽƵŶƚLJWƌŽŐƌĂŵƐ Ψϰ ΨϬ ΨϬ ΨϬ Ψϰ

ϭϭϲ ϭϳͲϬϯͲϬϬϬϰ DĂƌŝŶ WƌŽŐƌĂŵ ZŽĂĚǁĂLJKƉĞƌĂƚŝŽŶƐ ZŽĂĚǁĂLJKƉĞƌĂƚŝŽŶƐ ΨϮϬ ΨϬ ΨϬ ΨϬ ΨϮϬ

ϭϭϳ ϭϳͲϬϯͲϬϬϬϱ DĂƌŝŶ WƌŽŐƌĂŵ DŝŶŽƌdƌĂŶƐŝƚ/ŵƉƌŽǀĞŵĞŶƚƐ dƌĂŶƐŝƚĨĨŝĐŝĞŶĐLJ Ψϰϱ ΨϬ Ψϲ ΨϬ Ψϯϵ

ϭϭϴ ϭϳͲϬϯͲϬϬϬϲ DĂƌŝŶ WƌŽũĞĐƚ/ŵƉůĞŵĞŶƚDĂƌŝŶ^ŽŶŽŵĂEĂƌƌŽǁƐ,Ks>ĂŶĞĂŶĚĐŽƌƌŝĚŽƌŝŵƉƌŽǀĞŵĞŶƚƐWŚĂƐĞϮ;DĂƌŝŶŽƵŶƚLJͿ

,ŝŐŚǁĂLJdžƉĂŶƐŝŽŶƐĂŶĚEĞǁ/ŶƚĞƌĐŚĂŶŐĞƐ

Ψϭϯϲ ΨϬ Ψϭϭϭ ΨϬ ΨϮϱ

ϭϭϵ ϭϳͲϬϯͲϬϬϬϳ DĂƌŝŶ WƌŽũĞĐƚ h^ϭϬϭϱϴϬ/ŶƚĞƌĐŚĂŶŐĞŝƌĞĐƚŽŶŶĞĐƚŽƌͲW ,ŝŐŚǁĂLJKƉĞƌĂƚŝŽŶĂůWƌŽũĞĐƚƐ Ψϭϱ ΨϬ ΨϬ ΨϬ Ψϭϱ

ϭϮϬ ϭϳͲϬϯͲϬϬϬϴ DĂƌŝŶ WƌŽũĞĐƚ dŝďƵƌŽŶĂƐƚůŝƚŚĞĚĂůĞ/ŶƚĞƌĐŚĂŶŐĞͲW ,ŝŐŚǁĂLJKƉĞƌĂƚŝŽŶĂůWƌŽũĞĐƚƐ ΨϭϮ ΨϬ ΨϬ ΨϬ ΨϭϮ

ϭϮϭ ϭϳͲϬϯͲϬϬϬϵ DĂƌŝŶ WƌŽũĞĐƚ ĐĐĞƐƐ/ŵƉƌŽǀĞŵĞŶƚƐƚŽZŝĐŚŵŽŶĚ^ĂŶZĂĨĂĞůƌŝĚŐĞ ,ŝŐŚǁĂLJKƉĞƌĂƚŝŽŶĂůWƌŽũĞĐƚƐ Ψϳ ΨϬ ΨϬ ΨϬ Ψϳ

ϭϮϮ ϭϳͲϬϯͲϬϬϭϬ DĂƌŝŶ WƌŽũĞĐƚ ,ŝŐŚǁĂLJ/ŵƉƌŽǀĞŵĞŶƚ^ƚƵĚŝĞƐ ,ŝŐŚǁĂLJKƉĞƌĂƚŝŽŶĂůWƌŽũĞĐƚƐ Ψϱ ΨϬ ΨϬ ΨϬ Ψϱ

ϭϮϯ ϭϳͲϬϯͲϬϬϭϭ DĂƌŝŶ WƌŽũĞĐƚ tŝĚĞŶEŽǀĂƚŽŽƵůĞǀĂƌĚďĞƚǁĞĞŶŝĂďůŽǀĞŶƵĞĂŶĚ'ƌĂŶƚǀĞŶƵĞ ZŽĂĚǁĂLJdžƉĂŶƐŝŽŶ Ψϭϳ ΨϬ Ψϭϯ ΨϬ Ψϰ

ϭϮϰ ϭϳͲϬϯͲϬϬϭϮ DĂƌŝŶ WƌŽũĞĐƚ^ŝƌ&ƌĂŶĐŝƐƌĂŬĞŽƵůĞǀĂƌĚZĞĚ,ŝůůǀĞŶƵĞĞŶƚĞƌŽƵůĞǀĂƌĚ;ŬŶŽǁŶĂƐΗdŚĞ,ƵďΗͿͲƉƌŽũĞĐƚĚĞǀĞůŽƉŵĞŶƚ

ZŽĂĚǁĂLJdžƉĂŶƐŝŽŶ Ψϲ ΨϬ ΨϬ ΨϬ Ψϲ

ϭϮϱ ϭϳͲϬϯͲϬϬϭϯ DĂƌŝŶ WƌŽũĞĐƚ ^ĂŶZĂĨĂĞůdƌĂŶƐŝƚĞŶƚĞƌ;^ZdͿZĞůŽĐĂƚŝŽŶWƌŽũĞĐƚ dƌĂŶƐŝƚĨĨŝĐŝĞŶĐLJ Ψϯϲ ΨϬ ΨϬ ΨϬ Ψϯϲ

ϭϮϲ ϭϳͲϬϯͲϬϬϭϰ DĂƌŝŶ WƌŽũĞĐƚ >ĂƌŬƐƉƵƌ&ĞƌƌLJdĞƌŵŝŶĂůWĂƌŬŝŶŐ'ĂƌĂŐĞͲWůĂŶŶŝŶŐ^ƚƵĚLJ dƌĂŶƐŝƚĨĨŝĐŝĞŶĐLJ Ψϭ ΨϬ ΨϬ ΨϬ Ψϭ

ϭϮϳ ϭϳͲϬϯͲϬϬϭϱ DĂƌŝŶ WƌŽũĞĐƚ ^DZdŽǁŶƚŽǁŶ^ĂŶZĂĨĂĞůƚŽ>ĂƌŬƐƉƵƌZĂŝůdžƚĞŶƐŝŽŶ dƌĂŶƐŝƚdžƉĂŶƐŝŽŶƐ ΨϰϮ ΨϮ ΨϰϬ ΨϬ ΨϬ

ϯϭϲ ϭϳͲϭϬͲϬϬϬϭ dƌĂŶƐŝƚ WƌŽũĞĐƚ dƌĂŶƐŝƚ&ůĞĞƚdžƉĂŶƐŝŽŶĂŶĚDĂũŽƌŽƌƌŝĚŽƌƐ ŽƌĞĂƉĂĐŝƚLJdƌĂŶƐŝƚ ΨϯϰϬ ΨϬ ΨϬ ΨϬ ΨϯϰϬ

ϯϭϳ ϭϳͲϭϬͲϬϬϬϯ dƌĂŶƐŝƚ WƌŽũĞĐƚ ^ĂŶWĂďůŽǀĞŶƵĞZd ^ĂŶWĂďůŽZd ΨϯϵϬ ΨϬ ΨϬ ΨϬ ΨϯϵϬ

ϯϭϴ ϭϳͲϭϬͲϬϬϬϰ dƌĂŶƐŝƚ WƌŽũĞĐƚ ŶǀŝƌŽŶŵĞŶƚĂů^ƚƵĚŝĞƐĨŽƌĂLJƌŝĚŐĞŽŶƚƌĂĨůŽǁ>ĂŶĞ dƌĂŶƐŝƚĨĨŝĐŝĞŶĐLJ ΨϮϬ ΨϬ ΨϬ ΨϬ ΨϮϬ

ϯϭϵ ϭϳͲϭϬͲϬϬϬϱ Zd WƌŽũĞĐƚ ZdDĞƚƌŽWƌŽŐƌĂŵнĂLJ&ĂŝƌŽŶŶĞĐƚŽƌ ZdDĞƚƌŽ ΨϭϬϱϱ ΨϬ ΨϮϲϳ ΨϮϬϬ ΨϱϵϮ

ϯϮϬ ϭϳͲϭϬͲϬϬϬϲ Zd WƌŽũĞĐƚ ZddƌĂŶƐďĂLJŽƌĞĂƉĂĐŝƚLJWƌŽũĞĐƚ ZddƌĂŶƐďĂLJŽƌĞĂƉĂĐŝƚLJ ΨϯϭϯϮ ΨϬ ΨϱϰϬ ΨϭϬϬϬ ΨϭϱϵϮ

ϯϮϭ ϭϳͲϭϬͲϬϬϬϳ ,^Z WƌŽũĞĐƚ ĂůŝĨŽƌŶŝĂ,^ZŝŶƚŚĞĂLJƌĞĂ ĂůŝĨŽƌŶŝĂ,^Z ΨϴϰϬϬ ΨϬ ΨϴϰϬϬ ΨϬ ΨϬ

ϯϮϮ ϭϳͲϭϬͲϬϬϬϴ ĂůƚƌĂŝŶ WƌŽũĞĐƚ ĂůƚƌĂŝŶůĞĐƚƌŝĨŝĐĂƚŝŽŶWŚĂƐĞϭнK^^ ĂůƚƌĂŝŶůĞĐƚƌŝĨŝĐĂƚŝŽŶ ΨϮϯϲϬ ΨϬ ΨϭϭϮϬ ΨϬ ΨϭϮϰϬ

ϯϮϯ ϭϳͲϭϬͲϬϬϬϵ '',d WƌŽŐƌĂŵ 'ŽůĚĞŶ'ĂƚĞƌŝĚŐĞĂƉŝƚĂůĂŶĚKƉĞƌĂƚŝŽŶƐ 'ŽůĚĞŶ'ĂƚĞƌŝĚŐĞ ΨϮϬϯϭ ΨϬ ΨϮϬϯϭ ΨϬ ΨϬ

ϯϮϰ ϭϳͲϭϬͲϬϬϭϬ '',d WƌŽũĞĐƚ ƵƐĂŶĚ&ĞƌƌLJ^ĞƌǀŝĐĞdžƉĂŶƐŝŽŶ dƌĂŶƐŝƚĨĨŝĐŝĞŶĐLJ Ψϭϵϵ ΨϬ Ψϭϵϵ ΨϬ ΨϬ

ϭ17

WůĂŶĂLJƌĞĂϮϬϰϬZ&ddƌĂŶƐƉŽƌƚĂƚŝŽŶWƌŽũĞĐƚ>ŝƐƚ

Z&dƵŐƵƐƚϰϮϬϭϲ

ϯϮϱ ϭϳͲϭϬͲϬϬϭϭ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ >ŝĨĞůŝŶĞĂŶĚŽŵŵƵŶŝƚLJĂƐĞĚdƌĂŶƐƉŽƌƚĂƚŝŽŶWƌŽŐƌĂŵ ĐĐĞƐƐĂŶĚDŽďŝůŝƚLJWƌŽŐƌĂŵ Ψϴϴϳ ΨϬ ΨϬ ΨϬ Ψϴϴϳ

ϯϮϲ ϭϳͲϭϬͲϬϬϭϮ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ DĞĂŶƐͲĂƐĞĚ&ĂƌĞ^ƚƵĚLJ/ŵƉůĞŵĞŶƚĂƚŝŽŶ ĐĐĞƐƐĂŶĚDŽďŝůŝƚLJWƌŽŐƌĂŵ ΨϭϱϬ ΨϬ ΨϬ ΨϬ ΨϭϱϬ

ϯϮϳ ϭϳͲϭϬͲϬϬϭϯ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ dƌĂŶƐƉŽƌƚĂƚŝŽŶDĂŶĂŐĞŵĞŶƚ^LJƐƚĞŵƐ ĚǀĂŶĐĞĚdĞĐŚŶŽůŽŐLJ ΨϱϬϬ ΨϬ ΨϬ ΨϬ ΨϱϬϬ

ϯϮϴ ϭϳͲϭϬͲϬϬϭϰ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ĂLJdƌĂŝůͲŶŽŶƚŽůůďƌŝĚŐĞƐĞŐŵĞŶƚƐŝĐLJĐůĞĂŶĚWĞĚĞƐƚƌŝĂŶWƌŽŐƌĂŵ

ΨϮϮϬ ΨϬ Ψϴ ΨϬ ΨϮϭϮ

ϯϮϵ ϭϳͲϭϬͲϬϬϭϱ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ůŝŵĂƚĞWƌŽŐƌĂŵdDĂŶĚŵŝƐƐŝŽŶZĞĚƵĐƚŝŽŶdĞĐŚŶŽůŽŐLJ ůŝŵĂƚĞ/ŶŝƚŝĂƚŝǀĞƐ ΨϱϬϱ ΨϬ ΨϬ ΨϬ ΨϱϬϱ

ϯϯϬ ϭϳͲϭϬͲϬϬϭϲ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ŽƐƚŽŶƚŝŶŐĞŶĐLJ ŽƐƚŽŶƚŝŶŐĞŶĐLJ ΨϭϬϬϬ ΨϬ ΨϬ ΨϬ ΨϭϬϬϬ

ϯϯϭ ϭϳͲϭϬͲϬϬϭϳ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ĂƉŝƚĂůWƌŽũĞĐƚƐĞďƚ^ĞƌǀŝĐĞͲ&ƵƚƵƌĞƌŝĚŐĞdŽůůƐ Ğďƚ^ĞƌǀŝĐĞ ΨϭϰϬϬ ΨϬ ΨϯϬϬ ΨϬ ΨϭϭϬϬ

ϯϯϮ ϭϳͲϭϬͲϬϬϭϴ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ 'ŽŽĚƐDŽǀĞŵĞŶƚůĞĂŶ&ƵĞůƐĂŶĚ/ŵƉĂĐƚZĞĚƵĐƚŝŽŶWƌŽŐƌĂŵ 'ŽŽĚƐDŽǀĞŵĞŶƚ ΨϯϱϬ ΨϬ ΨϬ ΨϬ ΨϯϱϬ

ϯϯϯ ϭϳͲϭϬͲϬϬϭϵ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ 'ŽŽĚƐDŽǀĞŵĞŶƚdĞĐŚŶŽůŽŐLJWƌŽŐƌĂŵ 'ŽŽĚƐDŽǀĞŵĞŶƚ ΨϯϬϬ ΨϬ ΨϬ ΨϬ ΨϯϬϬ

ϯϯϰ ϭϳͲϭϬͲϬϬϮϬ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ EĞǁ^ŵĂůů^ƚĂƌƚƐZĞƐĞƌǀĞ EĞǁ^ŵĂůů^ƚĂƌƚƐZĞƐĞƌǀĞ ΨϲϴϬ ΨϬ ΨϬ ΨϬ ΨϲϴϬ

ϯϯϱ ϭϳͲϭϬͲϬϬϮϭ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ WƌŝŽƌŝƚLJĞǀĞůŽƉŵĞŶƚƌĞĂ;WͿWůĂŶŶŝŶŐ'ƌĂŶƚƐ WWůĂŶŶŝŶŐ ΨϯϯϬ ΨϬ ΨϬ ΨϬ ΨϯϯϬ

ϯϯϲ ϭϳͲϭϬͲϬϬϮϮ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ >ŽĐĂůĂŶĚ^ƚƌĞĞƚƐĂŶĚZŽĂĚƐͲdžŝƐƚŝŶŐŽŶĚŝƚŝŽŶƐ WƌĞƐĞƌǀĂƚŝŽŶͲ>ŽĐĂů^ƚƌĞĞƚƐ ΨϮϬϵϳϬ ΨϬ ΨϭϯϭϵϬ ΨϬ ΨϳϳϴϬ

ϯϯϳ ϭϳͲϭϬͲϬϬϮϯ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ >ŽĐĂů^ƚƌĞĞƚƐĂŶĚZŽĂĚƐͲKƉĞƌĂƚŝŽŶƐWƌĞƐĞƌǀĂƚŝŽŶͲ>ŽĐĂů^ƚƌĞĞƚƐKƉĞƌĂƚŝŽŶƐ

ΨϭϮϴϱϬ ΨϬ ΨϭϮϴϱϬ ΨϬ ΨϬ

ϯϯϴ ϭϳͲϭϬͲϬϬϮϰ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ZĞŐŝŽŶĂůĂŶĚ>ŽĐĂůƌŝĚŐĞƐͲdžŝƐŝƚŝŶŐŽŶĚŝƚŝŽŶƐWƌĞƐĞƌǀĂƚŝŽŶͲZĞŐŝŽŶĂůĂŶĚ>ŽĐĂůƌŝĚŐĞƐ

ΨϭϲϮϮϬ ΨϬ ΨϭϰϯϬϬ ΨϬ ΨϭϵϮϬ

ϯϯϵ ϭϳͲϭϬͲϬϬϮϱ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ZĞŐŝŽŶĂů^ƚĂƚĞ,ŝŐŚǁĂLJƐͲdžŝƐƚŝŶŐŽŶĚŝƚŝŽŶƐ WƌĞƐĞƌǀĂƚŝŽŶͲ^ƚĂƚĞ,ŝŐŚǁĂLJƐ ΨϭϯϳϱϬ ΨϬ ΨϭϯϳϱϬ ΨϬ ΨϬ

ϯϰϬ ϭϳͲϭϬͲϬϬϮϲ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ZĞŐŝŽŶĂůdƌĂŶƐŝƚĂƉŝƚĂůͲdžŝƐƚŝŶŐŽŶĚŝƚŝŽŶƐ WƌĞƐĞƌǀĂƚŝŽŶͲdƌĂŶƐŝƚ ΨϮϴϴϮϱ ΨϬ ΨϯϱϳϬ Ψϯϳϱϱ ΨϮϭϱϬϬ

ϯϰϭ ϭϳͲϭϬͲϬϬϮϳ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ZĞŐŝŽŶĂůdƌĂŶƐŝƚKƉĞƌĂƚŝŽŶƐWƌĞƐĞƌǀĂƚŝŽŶͲdƌĂŶƐŝƚKƉĞƌĂƚŝŽŶƐ

ΨϭϮϮϰϳϬ ΨϬ ΨϭϬϲϱϲϬ ΨϬ ΨϭϱϵϭϬ

ϯϰϮ ϭϳͲϭϬͲϬϬϮϴ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ůŝƉƉĞƌ ZĞŐŝŽŶĂůWƌŽŐƌĂŵƐ Ψϭϳϯϱ ΨϬ ΨϭϬϲϭ ΨϬ Ψϲϳϰ

ϯϰϯ ϭϳͲϭϬͲϬϬϮϵ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ϱϭϭdƌĂǀĞůĞƌ/ŶĨŽƌŵĂƚŝŽŶWƌŽŐƌĂŵ ZĞŐŝŽŶĂůWƌŽŐƌĂŵƐ ΨϮϴϬ ΨϬ Ψϰϭ ΨϬ ΨϮϯϵ

ϯϰϰ ϭϳͲϭϬͲϬϬϯϬ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ^&&ƌĞĞǁĂLJWĂƚƌŽů ZĞŐŝŽŶĂůWƌŽŐƌĂŵƐ ΨϭϱϬ ΨϬ ΨϭϱϬ ΨϬ ΨϬ

ϯϰϱ ϭϳͲϭϬͲϬϬϯϭ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ZĞŐŝŽŶĂůdƌĂŶƐƉŽƌƚĂƚŝŽŶŵĞƌŐĞŶĐLJDĂŶĂŐĞŵĞŶƚWƌŽŐƌĂŵ ZĞŐŝŽŶĂůWƌŽŐƌĂŵƐ ΨϮϱ ΨϬ ΨϬ ΨϬ ΨϮϱ

ϯϰϲ ϭϳͲϭϬͲϬϬϯϮ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵ ZĞŐŝŽŶĂůZĂŝů^ƚĂƚŝŽŶDŽĚĞƌŶŝnjĂƚŝŽŶĂŶĚĐĐĞƐƐ/ŵƉƌŽǀĞŵĞŶƚƐ^ƚĂƚŝŽŶĐĐĞƐƐĂŶĚDŽĚĞƌŶŝnjĂƚŝŽŶ

ΨϱϱϬ ΨϬ ΨϬ Ψϯϵϭ ΨϭϲϬ

Ϯ18

WůĂŶĂLJƌĞĂϮϬϰϬZ&ddƌĂŶƐƉŽƌƚĂƚŝŽŶWƌŽũĞĐƚ>ŝƐƚ

Z&dƵŐƵƐƚϰϮϬϭϲ

ϯϰϳ ϭϳͲϭϬͲϬϬϯϯ DƵůƚŝͲŽƵŶƚLJ WƌŽŐƌĂŵĂLJƌĞĂ&ŽƌǁĂƌĚͲĐƚŝǀĞdƌĂĨĨŝĐDĂŶĂŐĞŵĞŶƚƌƚĞƌŝĂůKƉĞƌĂƚŝŽŶƐŽŶŶĞĐƚĞĚsĞŚŝĐůĞƐ^ŚĂƌĞĚDŽďŝůŝƚLJdƌĂŶƐďĂLJKƉĞƌĂƚŝŽŶƐDĂŶĂŐĞĚ>ĂŶĞƐ/ŵƉůĞŵĞŶƚĂƚŝŽŶWůĂŶKƉĞƌĂƚŝŽŶƐdƌĂŶƐŝƚĂŶĚŽŵŵƵƚĞƌWĂƌŬŝŶŐ

ĚǀĂŶĐĞĚdĞĐŚŶŽůŽŐLJ Ψϵϵϱ ΨϬ ΨϭϮϵ ΨϬ Ψϴϲϲ

ϯϰϴ ϭϳͲϭϬͲϬϬϯϰ DƵůƚŝͲŽƵŶƚLJ WƌŽũĞĐƚ^ĂŶ&ƌĂŶĐŝƐĐŽͲKĂŬůĂŶĚĂLJƌŝĚŐĞtĞƐƚ^ƉĂŶŝĐLJĐůĞWĞĚĞƐƚƌŝĂŶĂŶĚDĂŝŶƚĞŶĂŶĐĞWĂƚŚͲŶǀŝƌŽŶŵĞŶƚĂůKŶůLJ

ŝĐLJĐůĞĂŶĚWĞĚĞƐƚƌŝĂŶWƌŽŐƌĂŵ

ΨϯϬ ΨϭϬ ΨϬ ΨϬ ΨϮϬ

ϯϰϵ ϭϳͲϭϬͲϬϬϯϱ DƵůƚŝͲŽƵŶƚLJ WƌŽũĞĐƚ ZĞŐŝŽŶĂůdžƉƌĞƐƐ>ĂŶĞEĞƚǁŽƌŬͲEŽƌƚŚĂŶĚĂƐƚĂLJ džƉƌĞƐƐ>ĂŶĞƐ ΨϰϬϮϴ ΨϬ ΨϯϴϮϳ ΨϬ ΨϮϬϭ

ϯϱϬ ϭϳͲϭϬͲϬϬϯϲ DƵůƚŝͲŽƵŶƚLJ WƌŽũĞĐƚ /ͲϱϴϬĐĐĞƐƐ/ŵƉƌŽǀĞŵĞŶƚƐWƌŽũĞĐƚ ,ŝŐŚǁĂLJKƉĞƌĂƚŝŽŶĂůWƌŽũĞĐƚƐ Ψϳϰ Ψϳϰ ΨϬ ΨϬ ΨϬ

ϯϱϭ ϭϳͲϭϬͲϬϬϯϳ DƵůƚŝͲŽƵŶƚLJ WƌŽũĞĐƚ ,ŝŐŚǁĂLJϯϳ/ŵƉƌŽǀĞŵĞŶƚƐĂŶĚ^ĞĂ>ĞǀĞůZŝƐĞDŝƚŝŐĂƚŝŽŶW^Z 'ŽŽĚƐDŽǀĞŵĞŶƚ ΨϮϰ ΨϬ ΨϭϮ ΨϬ ΨϭϮ

ϯϱϮ ϭϳͲϭϬͲϬϬϯϴ d:W WƌŽũĞĐƚ ĂůƚƌĂŝŶ,^ZŽǁŶƚŽǁŶ^ĂŶ&ƌĂŶĐŝƐĐŽdžƚĞŶƐŝŽŶ ŽǁŶƚŽǁŶdžƚĞŶƐŝŽŶ ΨϰϮϱϬ ΨϭϬϵ ΨϭϬϲϭ ΨϬ ΨϯϬϴϯ

ϯϱϯ ϭϳͲϭϬͲϬϬϯϵ d:W WƌŽũĞĐƚ/ŵƉůĞŵĞŶƚdƌĂŶƐďĂLJdƌĂŶƐŝƚĞŶƚĞƌĂůƚƌĂŝŶŽǁŶƚŽǁŶdžƚĞŶƐŝŽŶ;WŚĂƐĞϭͲdƌĂŶƐďĂLJdƌĂŶƐŝƚĞŶƚĞƌͿ

dƌĂŶƐŝƚdžƉĂŶƐŝŽŶƐ Ψϭϳϰϭ ΨϭϲϴϮ Ψϱϵ ΨϬ ΨϬ

ϯϱϰ ϭϳͲϭϬͲϬϬϰϬ td WƌŽũĞĐƚ EŽƌƚŚĂLJ&ĞƌƌLJ^ĞƌǀŝĐĞŶŚĂŶĐĞŵĞŶƚ ŽƌĞĂƉĂĐŝƚLJdƌĂŶƐŝƚ ΨϮϮϬ ΨϬ ΨϬ ΨϬ ΨϮϮϬ

ϯϱϱ ϭϳͲϭϬͲϬϬϰϭ td WƌŽũĞĐƚ ĞŶƚƌĂůĂLJ&ĞƌƌLJ^ĞƌǀŝĐĞŶŚĂŶĐĞŵĞŶƚ ŽƌĞĂƉĂĐŝƚLJdƌĂŶƐŝƚ ΨϮϭϮ ΨϬ ΨϬ ΨϬ ΨϮϭϮ

ϯϱϲ ϭϳͲϭϬͲϬϬϰϮ td WƌŽũĞĐƚ ůďĂŶLJĞƌŬĞůĞLJ&ĞƌƌLJdĞƌŵŝŶĂů ŽƌĞĂƉĂĐŝƚLJdƌĂŶƐŝƚ Ψϭϰϯ ΨϬ ΨϬ ΨϬ Ψϭϰϯ

ϯ19

20

21

22