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Home My WebLink AboutItem B - Funding Gap for Maintaining Parks and Recreation Facilities ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Work Session: Funding Gap for Maintaining Current and Future Parks and Recreation Facilities Meeting Date: October 11, 2010 Agenda Item Number: B Department: Public Works Staff Contact: Johnny Medlin (541) 682-4930 Library, Recreation, and Cultural Services Craig Smith (541) 682-5334 Central Services – Facilities MaryBeth Perkins (541) 682-5807 www.eugene-or.gov ISSUE STATEMENT Responding to an information request from the council, this work session is to identify current and future funding issues in regards to Park, Recreation, and Open Space (PROS) services. In specific, the questions were: 1.What is the current funding for park and recreation maintenance and development? 2.What are the estimated current and future deficits for park maintenance? 3.Provide a list of undeveloped parks and estimated cost for planned development. 4.Provide options for on-going funding of park maintenance. 5.Provide options for funding the development of undeveloped park lands. BACKGROUND Eugene’s Park, Recreation and Open Space services have historically received considerable public support as evidenced by the passage of a $25 million PROS General Obligation (GO) Bond in 1998 and again with the passage of a $27 million PROS GO Bond in 2006. In addition, local option levies were passed in 1999, and 2002, to provide funding for after-school recreation programming. Subtracting the approximately $15 million of GO Bond funding still unspent, but adding the $15 million of Park System Development Funds, Eugene has spent approximately $53 million, primarily on the acquisition and development of new Park and Recreation facilities since 1998. In addition to the $15 million of acquisition or development projects still identified to be accomplished with 2006 Bond funding, the PROS Project and Priority Plan identifies over $200 million in additional projects to be accomplished over the next 15 years. These projects identify PROS service gaps based on both geographic regions and rising patron needs. Due to general fund budget constraints, the annual funding for maintenance and operation of the PROS system, after adjustment for inflation, is approximately equal to the pre-1998 funding level, before the addition of the new facilities seen over the past decade. Adding new facilities to be maintained, as well as absorbing cost increases due to the aging of the existing facilities with a relatively flat level of operations and maintenance funding, has resulted in L:\CMO\2010 Council Agendas\M101011\S101011B.doc annual maintenance needs not being met. While currently the majority of our Park, Recreation and Open Space facilities are still in fair to good condition, the system is not sustainable at the current funding levels and the City is losing ground. Consistent with the message from Eugene Counts, the City needs to have a sustainable parks, recreation and open space system that meet the needs of the community. To do so will require one or more of the following: 1.Increase operations and maintenance funding, and increase capital funding to address deferred maintenance; or 2.Remove facilities from the City’s inventory (divest); or 3.Accept system decline. Consequences of allowing system decline include:  Increase in deferred maintenance;  Decreased customer satisfaction;  Loss of revenue from program services, contracts, and facility rentals;  Deferred maintenance over time will result in facilities being closed. Funding Options: Questions 4 and 5 above are both in regards to funding options. While the unmet funding need of the Park and Recreation system is significant, it is one of several municipal systems in need of additional funding and for which the City Council will need to establish priorities and strategies. While staff does not have a recommendation at this time identifying one funding strategy over another, Chapter 5 of the PROS Plan (attached) discusses the various funding options open to Parks and Recreation and includes tables noting the advantages and disadvantages of each. TRIPLE BOTTOM LINE ANALYSIS Economic Prosperity Summary: If the current PROS facility operation and maintenance gap continues to grow, the quality of service will decline, negatively impacting the ability to produce revenue in some recreation services. The value and functionality of facility assets will decrease and their value as an attractive “second paycheck” for the community will be negatively impacted. Environmental Health Summary: Concerning Recreation facilities, prioritizing deferred maintenance projects that reduce energy consumption has been, and continues to be, a high priority. Continuing to defer maintenance of Parks and Open Space assets will decrease habitat and storm water quality and increase the risk of wildfire. Social Equity Summary: Overall, the PROS facility resources and services offered to the Eugene community are very strong, accessible, well-supported and appreciated by patrons. There are some current geographic gaps in services, affecting some neighborhoods. Continuing to defer maintenance of the parks infrastructure will further degrade the service, which will have a disproportionate impact on those in the lower socio-economic group, who have fewer options for access to parks and recreation services. L:\CMO\2010 Council Agendas\M101011\S101011B.doc RELATED CITY POLICIES Policy Documents: Parks, Recreation and Open Space Comprehensive Plan Parks, Recreation and Open Space Project and Priority Plan COUNCIL OPTIONS 1.Do nothing at this time; accept that park, recreation and open space facilities will continue to decline. 2.Request the City Manager to develop funding options for City Council FY12 Budget consideration to sustainably maintain current Park, Recreation and Open Space Facilities. 3.Request the City Manager to develop funding options for City Council consideration for the FY11 Budget to sustainably maintain current Park, Recreation and Open Space Facilities and to accomplish priority 1 and 2 new development projects identified in the PROS Project and Priority Plan. 4.Other options as determined by the City Council. CITY MANAGER’S RECOMMENDATION The City Manager recommends that the council request the City Manager to develop funding options for City Council FY12 Budget consideration to sustainably maintain current Park, Recreation and Open Space facilities. SUGGESTED MOTION Move to request the City Manager to develop funding options for City Council consideration for the FY12 Budget to sustainably maintain current Park, Recreation and Open Space Facilities. ATTACHMENTS A. General Fund Park and Open Space Assets Added Since 1998 B. List of Undeveloped Parks and Estimated Costs for Development C. Recreation Facilities – Summary of Deferred Maintenance & Facility Condition Index D. PROS Plan Chapter 5 – Funding Options FOR MORE INFORMATION Staff Contact: Johnny Medlin, POS Director Telephone: (541) 682-4930 Staff E-Mail: johnny.r.medlin@ci.eugene.or.us Craig Smith, Recreation Services Director, AIC (541) 682-5334 craig.h.smith@ci.eugene.or.us MaryBeth Perkins, Facilities Division Manager, AIC (541)682-5807 Mary.Beth.Perkins@ci.eugene.or.us L:\CMO\2010 Council Agendas\M101011\S101011B.doc ATTACHMENT A General Fund Park Recreation and Open Space assets added since 1998 •17 new neighborhood parks •10 new future neighborhood park sites •1 new community park (Bethel Park) •1 new future community park site (Santa Clara) •1 new regional playground (RiverPlay Discovery Village) •180 additional acres to a community park site in Bethel (Golden Gardens) •770 acres of new natural areas •2 miles of trails •1 new grass sports field •Amazon Pool reconstruction •Echo Hollow Pool Multi-Purpose Room and Spa POS Assets Comparison 1998 to 2010 Category Unit 1998 2010 General Fund Parks and Natural Areas acres 1,607 2,620 Developed Park Areas acres 338 393 Natural Areas acres 1,227 1,997 Land “banked” for future developed parks acres 42 230 Neighborhood Parks each 27 44 Community Parks each 12 13 Grass Sports Fields each 45 46 Trails miles 50 52 ÚËÒÜ×ÒÙ ÑÐÌ×ÑÒÍ èÔÓÉÙÔÛÌÈ×ÊØ×ÉÙÊÓÚ×ÉÌÍÈ×ÎÈÓÛÐÖÓÎÛÎÙÓÎÕÉÍÇÊÙ×ÉÖÍÊìÐÛÎ ÓÏÌÊÍÆ×Ï×ÎÈÉ èÔÓÉÓÏÌÐ×Ï×ÎÈÛÈÓÍÎÌÐÛÎÛÐÐÍÅÉÖÍÊÖÐ×ÄÓÚÓÐÓÈÃÓÎÖÇÎØÓÎÕìÐÛÎ ÓÏÌÊÍÆ×Ï×ÎÈÉóÎÈÔ×ÌÛÉÈÈÔ×ùÓÈÃÍÖ÷ÇÕ×Î×ÔÛÉØ×ÏÍÎÉÈÊÛÈ×Ø ÖÓÉÙÛÐÊ×ÉÌÍÎÉÓÚÓÐÓÈÃèÔ×ùÓÈÃÔÛÉÈÛÑ×ÎÛØÆÛÎÈÛÕ×ÍÖÍÌÌÍÊÈÇÎÓÈÓ×ÉÈÍ ÛÙËÇÓÊ×ÛØØÓÈÓÍÎÛÐÌÛÊÑÉÚÇÓÐØÔÓÕÔËÇÛÐÓÈÃÖÛÙÓÐÓÈÓ×ÉÛÎØÓÏÌÊÍÆ× Ê×ÙÊ×ÛÈÓÍÎÉ×ÊÆÓÙ×ÉèÔ×ùÓÈÃÔÛÉÛÐÉÍÚ××Î×ÖÖ×ÙÈÓÆ×ÛÈÓØ×ÎÈÓÖÃÓÎÕ ÛÎØÉÇÙÙ×ÉÉÖÇÐÐÃÌÇÊÉÇÓÎÕÛÆÛÊÓ×ÈÃÍÖÖÓÎÛÎÙÓÛÐÊ×ÉÍÇÊÙ×ÉÈÍÛÉÉÓÉÈÓÎ ÖÇÎØÓÎÕÌÊÍÒ×ÙÈÉöÍÊ×ÄÛÏÌÐ×ÈÅÍÐÍÙÛÐÍÌÈÓÍÎÐ×ÆÓ×ÉÖÇÎØ×Ø Ê×ÙÊ×ÛÈÓÍÎÛÙÈÓÆÓÈÓ×ÉÛÎØÌÊÍÕÊÛÏÉÖÍÊÃÍÇÈÔÛÎØÛìÛÊÑÉÛÎØ íÌ×ÎéÌÛÙ×ÚÍÎØÌÊÍÆÓØ×ØÖÇÎØÓÎÕÖÍÊÛÎÇÏÚ×ÊÍÖÌÛÊÑÌÊÍÒ×ÙÈÉ ÓÎÙÐÇØÓÎÕÈÔ×Ê×ÎÍÆÛÈÓÍÎÍÖûÏÛÂÍÎìÍÍÐÇÌÕÊÛØ×ÉÛÈÛÈÔÐ×ÈÓÙ ÖÓ×ÐØÉÈÔ×Ø×Æ×ÐÍÌÏ×ÎÈÍÖÈÔÊ××ÉÌÍÊÈÉÌÛÊÑÉÛÎØÈÔ×ÛÙËÇÓÉÓÈÓÍÎÍÖ 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ÏÛÓÎÈÛÓÎÔ×ÛÐÈÔÃÅÛÈ×ÊÉÔ×ØÉ ìÊÓÆÛÈ×ÐÛÎØÈÊÇÉÈÉÉÇÙÔÛÉÈÔ×èÊÇÉÈÖÍÊìÇÚÐÓÙðÛÎØÈÔ× ðÛÎØèÊÇÉÈÉ îÛÈÇÊ×ùÍÎÉ×ÊÆÛÎÙÃÛÎØÈÔ×ïÙñ×ÎÂÓ×êÓÆ×ÊèÊÇÉÈ×ÏÌÐÍÃÆÛÊÓÍÇÉ Ï×ÈÔÍØÉÓÎÙÐÇØÓÎÕÙÍÎÉ×ÊÆÛÈÓÍÎ×ÛÉ×Ï×ÎÈÉÈÍÅÍÊÑÅÓÈÔÅÓÐÐÓÎÕ ÍÅÎ×ÊÉÈÍÙÍÎÉ×ÊÆ×ÓÏÌÍÊÈÛÎÈÊ×ÉÍÇÊÙ×ÐÛÎØðÛÎØÈÊÇÉÈÉÛÉÉÓÉÈ ÌÇÚÐÓÙÛÕ×ÎÙÓ×ÉÓÎÆÛÊÓÍÇÉÅÛÃÉöÍÊ×ÄÛÏÌÐ×ÐÛÎØÈÊÇÉÈÉÏÛÃ ÛÙËÇÓÊ×ÛÎØÔÍÐØÐÛÎØÖÍÊ×Æ×ÎÈÇÛÐÛÙËÇÓÉÓÈÓÍÎÚÃÈÔ×ÌÇÚÐÓÙ ÛÕ×ÎÙÃ îÛÈÓÍÎÛÐèÊ××èÊÇÉÈÌÊÍÆÓØ×ÉÈÊ××ÉÈÔÊÍÇÕÔÈÅÍ îÛÈÓÍÎÛÐèÊ××èÊÇÉÈ ÌÊÍÕÊÛÏÉûÏ×ÊÓÙÛªÉèÊ××ÅÛÃÉÛÎØùÍÏÏÇÎÓÈÃèÊ××ìÐÛÎÈÓÎÕ èÔ×É×ÌÊÍÕÊÛÏÉÊ×ËÇÓÊ×ÈÔÛÈÈÊ××ÉÚ×ÌÐÛÎÈ×ØÍÎÌÇÚÐÓÙÐÛÎØÉÚÃ ÆÍÐÇÎÈ××ÊÉóÎÛØØÓÈÓÍÎûÏ×ÊÓÙÛªÉèÊ××ÅÛÃÉÊ×ËÇÓÊ×ÉÈÔÛÈÛ ÏÓÎÓÏÇÏÍÖ É××ØÐÓÎÕÉÚ×ÌÐÛÎÈ×ØÛÐÍÎÕÌÇÚÐÓÙÔÓÕÔÅÛÃÉ èÔÓÉÓÉÛÎÛÕÊ××Ï×ÎÈÚ×ÈÅ××ÎÛÐÛÎØÍÅÎ×ÊÛÎØ ðÓÖ×ÈÓÏ×÷ÉÈÛÈ×É ÈÔ×ùÓÈÃÈÔÛÈÕÓÆ×ÉÈÔ×ÍÅÎ×ÊÈÔ×ÊÓÕÔÈÈÍÐÓÆ×ÍÎÈÔ×ÉÓÈ×ÛÖÈ×ÊÓÈÓÉ ÉÍÐØÈÍÈÔ×ùÓÈÃ ûÎ×ÄÙÔÛÎÕ×ÍÖÌÊÍÌ×ÊÈÃÚ×ÈÅ××ÎÛ ÷ÄÙÔÛÎÕ×ÍÖìÊÍÌ×ÊÈÃ ÌÊÓÆÛÈ×ÐÛÎØÍÅÎ×ÊÛÎØÈÔ×ùÓÈÃÙÛÎÍÙÙÇÊöÍÊ×ÄÛÏÌÐ×ÈÔ×ùÓÈÃ ÙÍÇÐØ×ÄÙÔÛÎÕ×ÛÐ×ÉÉÇÉ×ÖÇÐÉÓÈ×ÓÈÍÅÎÉÖÍÊÛÌÍÈ×ÎÈÓÛÐÌÛÊÑÉÓÈ× ÙÇÊÊ×ÎÈÐÃÇÎØ×ÊÌÊÓÆÛÈ×ÍÅÎ×ÊÉÔÓÌ èÛÚÐ×öÓÎÛÎÙÓÎÕíÌÈÓÍÎÉ÷ÆÛÐÇÛÈÓÍÎ SourceAdvantages & Limitations CAPITAL PROJECTS AND OPERATIONS General Fund Wide flexibility. Funds are constrained due to property tax limitations. All City departments compete for these funds. Road Fund Dependent on taxes collected Limitation on the types of projects that may be funded – principally projects within the road right- of-way Declining funding Stormwater/ Projects must meet the goals of the stormwater and wastewater utilities. Wastewater Fees A limited range of recreation projects that can qualify for use of these funds. Cannot be used for general park improvements or operations. Wetlands Mitigation Limited to wetlands projects Bank Dependent on sale of credits to developers Local Option Levy Wide flexibility. Short duration – up to 10 years. Must receive voter approval. Except during general elections in even-numbered years, a double majority is needed. A majority of voters must turn out, and a majority must vote in favor. Must be frequently re-approved or funding is eliminated. Subject to the $10/$1,000 cap on general government property taxes. Public/Government Voter approval is not required. Grant Programs Wide range of grant programs provides funding for a broad range of projects and activities. Each source has specific eligibility requirements and approval criteria. Matching projects to appropriate grant sources is not always easy. Application, project reporting, and grant management requirements can be extensive for some programs. Usually there are matching requirements. èÛÚÐ×öÓÎÛÎÙÓÎÕíÌÈÓÍÎÉ÷ÆÛÐÇÛÈÓÍÎÙÍÎÈÓÎÇ×Ø SourceAdvantages & Limitations Private Grants and Wide range of foundations provides funding for a Foundations broad range of projects and activities. Requires continued monitoring to keep current with opportunities. Each source has specific eligibility requirements and approval criteria, and matching projects to appropriate funding sources is not always easy. Some sources do not provide grants to government agencies. Highly competitive. Funds may come with conditions (such as naming a facility). Public/Private Can be used to build, fund, or operate a facility. Partnerships May permit City to obtain a facility that would otherwise not be possible. City may have to trade off some control of the project or facility. Program Unlimited use, although funds are typically Fees/Facility reinvested into the program/facility to cover Charges program costs or facility maintenance. Some programs or facilities can be designed to recover costs, or even to generate a profit. However, these programs are limited. The market should be considered in setting fees, as well as program affordability and accessibility. Few programs and fee-based facilities (e.g., aquatic centers) generate significant amounts of revenue, and affordability affects the ability to increase fees. CAPITAL PROJECTS ONLY System Good source of capital improvement funding. Development Must be used to fund capacity improvements or Charges new parks, with a nexus to providing service to accommodate new development. Cannot be used for operations or maintenance funding. Donations Wide flexibility. Usually must be solicited. May come with strings or requirements. èÛÚÐ×öÓÎÛÎÙÓÎÕíÌÈÓÍÎÉ÷ÆÛÐÇÛÈÓÍÎÙÍÎÈÓÎÇ×Ø SourceAdvantages & Limitations Local Improvement Flexible in use for capital projects. Districts Can only be used where there are projects that provide a special benefit to surrounding properties. Sometimes difficult to foster public support. General Obligation Flexible in use for capital projects. Bond Not subject to the $10/$1,000 cap on general government property taxes. Voter approval is required, as for local option levies. Longer duration (usually up to 20 years). Cannot be used for furnishings, fixtures, equipment, or ongoing maintenance. Limited capacity under the City’s debt policy. Public/Government Voter approval is not required. Grant Programs Wide range of grant programs provides funding for a broad range of projects and activities. Each source has specific eligibility requirements and approval criteria. Matching projects to appropriate grant sources is not always easy. Application, project reporting, and grant management requirements can be extensive for some programs. Usually there are matching requirements. Land Trusts Limited to property protection or acquisition in specific circumstances, usually for environmental reasons. Some trusts own property, others only hold it short-term. The City may have to eventually purchase the property from the trust. National Tree Trust Only funds tree planting. Lifetime Estates Can make sales agreement more attractive to the property owner. Limited application. May come with strings or requirements. Exchange of Limited application, since City must have property Property to exchange. Only for property acquisition. óÎÎÍÆÛÈÓÆ×öÇÎØÓÎÕï×ÛÉÇÊ×É øÇ×ÈÍÈÔ×ÓÎÙÊ×ÛÉÓÎÕÐÓÏÓÈÛÈÓÍÎÉÍÎÌÊÍÌ×ÊÈÃÈÛÄ×ÉÉÍÏ×ÌÇÚÐÓÙ ÛÕ×ÎÙÓ×ÉÛÊ×ÐÍÍÑÓÎÕÈÍÅÛÊØÛÐÈ×ÊÎÛÈÓÆ×Ï×ÈÔÍØÉÍÖÖÇÎØÓÎÕÈÔ×ÌÛÊÑ ÛÎØÍÌ×ÎÉÌÛÙ×ÉÃÉÈ×ÏÉÈÔÛÈÙÓÈÓÂ×ÎÉÖÓÎØ×ÉÉ×ÎÈÓÛÐÈÍËÇÛÐÓÈÃÍÖÐÓÖ× èÔ×É×ÛÐÈ×ÊÎÛÈÓÆ×Ï×ÙÔÛÎÓÉÏÉÛÊ×Õ×Î×ÊÛÐÐÃÈÛÄ×ÉÛÎØÉÍÏ×ÛÊ× ÏÍÊ×ÆÓÛÚÐ×ÈÔÛÎÍÈÔ×ÊÉÛÉÖÇÎØÓÎÕÉÍÇÊÙ×É÷ÇÕ×Î×ÉÔÍÇÐØÛÐÉÍ ×ÄÌÐÍÊ×ÈÔ×ÌÍÈ×ÎÈÓÛÐÍÖÍÈÔ×ÊÛÐÈ×ÊÎÛÈÓÆ×Ï×ÙÔÛÎÓÉÏÉÛÉÌÛÊÈÍÖÈÔ× ùÓÈÃªÉÍÆ×ÊÛÐÐÊ×Æ×ÎÇ×ÉÈÊÛÈ×ÕÃèÔ×ùÓÈÃÉÔÍÇÐØÓÎÆ×ÉÈÓÕÛÈ×ÈÔ×ÇÉ×ÍÖ ÈÔ×ÖÍÐÐÍÅÓÎÕÈÛÄ×ÉÈÍÖÇÎØÌÛÊÑÛÎØÊ×ÙÊ×ÛÈÓÍÎØ×Æ×ÐÍÌÏ×ÎÈ ÷ÎÈ×ÊÈÛÓÎÏ×ÎÈÈÛÄ×É çÈÓÐÓÈÃÈÛÄ×É ùÍÊÌÍÊÛÈ×óÎÙÍÏ×èÛÄ óÎÙÍÏ×èÛÄéÇÊÙÔÛÊÕ× ì×ÊÉÍÎÛÐóÎÙÍÏ×èÛÄ õÊÍÉÉê×Ù×ÓÌÈÉèÛÄ ìÛÃÊÍÐÐèÛÄ õ×Î×ÊÛÐéÛÐ×ÉèÛÄ ê×ÉÈÛÇÊÛÎÈèÛÄ úÇÉÓÎ×ÉÉðÓÙ×ÎÉ×èÛÄ î×ÅùÍÎÉÈÊÇÙÈÓÍÎö××É úéÌ×ÙÓÛÐøÓÉÈÊÓÙÈöÍÊÏÛÈÓÍÎ ûÎÍÈÔ×ÊÖÇÎØÓÎÕÉÈÊÛÈ×ÕÃÈÔÛÈÈÔ×ùÓÈÃÏÛÃÙÍÎÉÓØ×ÊÓÉÈÔ× Ø×Æ×ÐÍÌÏ×ÎÈÍÖÛÉÌ×ÙÓÛÐØÓÉÈÊÓÙÈÖÍÊÌÛÊÑÉÛÎØÊ×ÙÊ×ÛÈÓÍÎèÔ× ÛØÆÛÎÈÛÕ×ÍÖÛÉÌ×ÙÓÛÐØÓÉÈÊÓÙÈÓÉÈÔÛÈÓÈÔÛÉÓÈÍÅÎØ×ØÓÙÛÈ×ØÈÛÄÚÛÉ× ÈÍÖÇÎØÌÊÍÒ×ÙÈÉèÔ×Ê×ÛÊ×ÈÅÍÈÃÌ×ÉÍÖéÌ×ÙÓÛÐøÓÉÈÊÓÙÈÉÈÔÛÈÏÛÃ ÌÊÍÆÓØ×ÌÛÊÑÛÎØÊ×ÙÊ×ÛÈÓÍÎÉ×ÊÆÓÙ×ÉÓÎØ×Ì×ÎØ×ÎÈØÓÉÈÊÓÙÈÉÛÎØ ÙÍÇÎÈÃÉ×ÊÆÓÙ×ØÓÉÈÊÓÙÈÉúÍÈÔÈÃÌ×ÉÍÖØÓÉÈÊÓÙÈÉÔÛÆ×ÈÛÄÓÎÕÛÇÈÔÍÊÓÈÃ ÛÎØÈÔ×ÓÊÈÛÄÊÛÈ×ÉÛÊ×ÉÇÚÒ×ÙÈÈÍÈÔ× Õ×Î×ÊÛÐÕÍÆ×ÊÎÏ×ÎÈ ÌÊÍÌ×ÊÈÃÈÛÄÐÓÏÓÈÛÈÓÍÎÉ ûÙÍÇÎÈÃÉ×ÊÆÓÙ×ØÓÉÈÊÓÙÈÖÍÊÏ×ØÇÎØ×ÊíÊ×ÕÍÎê×ÆÓÉ×ØéÈÛÈÇÈ×Éíêé ÓÉÕÍÆ×ÊÎ×ØÚÃÈÔ×ùÍÇÎÈÃúÍÛÊØèÔÓÉÈÃÌ×ÍÖÉÌ×ÙÓÛÐØÓÉÈÊÓÙÈÓÉ ÎÍÈÊ×ÙÍÏÏ×ÎØ×ØÚ×ÙÛÇÉ×ÈÔ×ØÓÊ×ÙÈÍÊÉÛÊ×ÎÍÈÓÎØ×Ì×ÎØ×ÎÈÐÃ ×Ð×ÙÈ×ØèÔ×ÍÎÐÃÉÌ×ÙÓÛÐØÓÉÈÊÓÙÈÓÎíÊ×ÕÍÎÖÍÊÏ×ØÇÎØ×ÊíêéÓÉ ÈÔ×îÍÊÈÔùÐÛÙÑÛÏÛÉìÛÊÑê×ÙÊ×ÛÈÓÍÎøÓÉÈÊÓÙÈ èÔ×ÍÈÔ×ÊÈÃÌ×ÍÖØÓÉÈÊÓÙÈÛÉÌ×ÙÓÛÐÌÛÊÑÉØÓÉÈÊÓÙÈÖÍÊÏ×ØÇÎØ×Êíêé ÓÉÕÍÆ×ÊÎ×ØÚÃÛÎÓÎØ×Ì×ÎØ×ÎÈÐÃ×Ð×ÙÈ×ØúÍÛÊØÍÖøÓÊ×ÙÈÍÊÉ ÷ÄÛÏÌÐ×ÉÍÖÈÔÓÉÈÃÌ×ÍÖØÓÉÈÊÓÙÈÓÎÙÐÇØ×èÇÛÐÛÈÓÎôÓÐÐÉìÛÊÑê×ÙÊ×ÛÈÓÍÎ øÓÉÈÊÓÙÈåÓÐÐÛÏÛÐÛÎ×ìÛÊÑê×ÙÊ×ÛÈÓÍÎøÓÉÈÊÓÙÈÛÎØú×ÎØï×ÈÊÍìÛÊÑ ê×ÙÊ×ÛÈÓÍÎøÓÉÈÊÓÙÈ èÔ×ÛØÆÛÎÈÛÕ×ÍÖÛÉÌ×ÙÓÛÐØÓÉÈÊÓÙÈÓÉÈÔÛÈÓÈÔÛÉÓÈÉÍÅÎÈÛÄÊÛÈ×ÛÎØ Ê×Æ×ÎÇ×ÉÈÊ×ÛÏÅÔ×Ê×ÛÉùÓÈÃÌÛÊÑÛÎØÊ×ÙÊ×ÛÈÓÍÎÉ×ÊÆÓÙ×ÉÏÇÉÈÎÍÅ ÉÔÛÊ×ÈÔ×ÒÇÊÓÉØÓÙÈÓÍÎªÉÕ×Î×ÊÛÐÌÊÍÌ×ÊÈÃÈÛÄÊ×Æ×ÎÇ×É ôÍÅ×Æ×ÊÈÔ×Ê×ÛÊ×ÛÎÇÏÚ×ÊÍÖØÊÛÅÚÛÙÑÉÈÍÖÍÊÏÓÎÕÛÉÌ×ÙÓÛÐ ØÓÉÈÊÓÙÈÓÎ÷ÇÕ×Î×éÌ×ÙÓÖÓÙÌÊÍÙ×ØÇÊÛÐÉÈ×ÌÉÖÍÊÈÔ×ÖÍÊÏÛÈÓÍÎÍÖÛ ÉÌ×ÙÓÛÐØÓÉÈÊÓÙÈÓÎÙÐÇØÓÎÕÛÌ×ÈÓÈÓÍÎÌÊÍÙ×ÉÉùÍÇÎÈÃÓÎÆÍÐÆ×Ï×ÎÈÛÎØ ÛÌÇÚÐÓÙÆÍÈ×ÙÍÇÐØÚ×ØÓÖÖÓÙÇÐÈÈÍÛÙÔÓ×Æ×èÔ×É×ÉÈ×ÌÉÛÐÉÍÊ×ËÇÓÊ× ÙÓÈÓÂ×ÎÉÇÌÌÍÊÈÈÍÍÙÙÇÊóÎÛØØÓÈÓÍÎÈÔ×ÖÍÊÏÛÈÓÍÎÍÖÛÉÌ×ÙÓÛÐØÓÉÈÊÓÙÈ ÅÍÇÐØÊ×ËÇÓÊ×ÛÎÛÏ×ÎØÏ×ÎÈÈÍÈÔ×ï×ÈÊÍìÐÛÎöÓÎÛÐÐÃÛØØÓÈÓÍÎÛÐ ÌÊÍÌ×ÊÈÃÈÛÄÐ×ÆÓ×ÉÚÃÛÉÌ×ÙÓÛÐØÓÉÈÊÓÙÈÅÓÐÐÊ×ÉÇÐÈÓÎÓÎÙÊ×ÛÉ×ØÈÛÄ Ê×Æ×ÎÇ×ÙÍÏÌÊ×ÉÉÓÍÎÛÖÖ×ÙÈÓÎÕÛÐÐÕ×Î×ÊÛÐÕÍÆ×ÊÎÏ×ÎÈÈÛÄÓÎÕØÓÉÈÊÓÙÈÉ