The URL can be used to link to this page

Item 7 - Narrative./,1(+$5',16WDWH+Z\6XLWH/HZLVYLOOH7H[DV2IF)D[ ./,1(+$5',1 6WDWH+Z\ 6XLWH /HZLVYLOOH7H[DV 2IILFH )D[ 'DWH'HFHPEHU 0U'HQQLV.LOORXJK &LW\RI6RXWKODNH±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¶VHGXFDWLRQEXLOGLQJFRQVWUXFWHGLQ 7KLVEXLOGLQJZRXOGEHDERXWVIDGGLWLRQ7KLVDGGLWLRQ¶VILUVWIORRUZRXOGEH¶DERYH WKHFKLOGUHQ¶VEXLOGLQJDQGWKHQZRXOGKDYHDWDOOILUVWIORRUYROXPHPDNLQJWKHVHFRQGIORRU OHYHOZLWKWKDWRIWKHURRIRIWKHDGMDFHQWEXLOGLQJ7KLVLVEHLQJGRQHVRWKDWDWKLUGIORRU FRXOGEHFRQVWUXFWHGRYHUWKHFKLOGUHQ¶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¶V EDFN RI KRXVH WR DFFRPPRGDWHWKHQHZYROXPH $VPHQWLRQHGDERYHZHUHDOL]HWKDWFXUUHQW]RQLQJRI&6RQO\DOORZVIRUDòVWRU\EXLOGLQJ 6R WKLV VXEPLVVLRQ LV UHTXHVWLQJ WKDW WKH ]RQLQJ EH FKDQJHG WRD 63 EDVHG RQ &6 UHTXLUHPHQWVZLWKDYDULDQFHIRUDVWRU\EXLOGLQJDQGIRUWKHVHQHZEXLOGLQJV¶KHLJKWVDUH XSWRIHHW.HHSLQJLQPLQGWKDWWKHH[LVWLQJ6DQFWXDU\LVDERYH¶ ,I\RXKDYHDQ\TXHVWLRQVSOHDVHFDOO7HUU\:LONLQVRQRUPH 7KDQNVIRU\RXUKHOS 6LQFHUHO\ %UHQW.OLQH3ULQFLSDO$,$ ./,1(+$5',1