HomeMy WebLinkAboutLTAC Agenda Packet 10272022
MEETING AGENDA
LODGING TAX ADVISORY COMMITTEE
VIRTUAL MEETING
Click here to visit the City’s Virtual Meetings Page for access andinformation
about ourlive virtual meetings:
https://www.cityofpa.us/984/Live-Virtual-Meetings
October 27, 2022
2:00 –4:00 p.m.
I.CALL TO ORDER
II.ROLL CALL
III.APROVAL OF MINUTES
IV.PUBLIC COMMENT
The Lodging Tax Advisory Committee desires to allow the opportunity for public comment. However, the
business of the Committee must proceed in an orderly, timely manner. At its most restrictive, Public
Comment shall be limited to a total of 15 minutes.
V.ACTION/DISCUSSION ITEMS/OTHER BUSINESS
1.Discussion/Action Item: Review and Award Funding to Non-Event Lodging Tax
FundApplication Proposals
Review 2023non-event lodging tax fund application proposals and Lodging Tax
AdvisoryCommittee scoring and provide a decision on individual awards
VI.STAFF UPDATES
VII.COMMITTEE MEMBER UPDATES
VIII.ADJOURNMENT
LODGING TAX ADVISORY COMMITTEE
September 15, 2022, at 2:00 p.m.
This meeting was held virtually
CALL TO ORDER
Committee Chair French called the meeting to order at 2:04 p.m.
ROLL CALL
Voting Members Present: Mike French, Christine Loewe, Donya Alward, Sydney Rubin, Marsha Massey.
Member at Large Non-Voting Members: Allisa Imming.
Members Absent: Roselyn Mangohig, Darlene Clemmons.
Staff Present: Ben Braudrick, Sarina Carrizosa, Melody Schneider, and Jessica Straits.
APPROVAL OF MINUTES
It was moved by Massey and seconded by Loewe to:
Approve the November 18, 2021, and June 2, 2022, minutes.
The chair asked if there was unanimous consent, hearing no opposition, the motion carried 5-0.
PUBLIC COMMENT
None.
ACTION ITEMS
1. Review and Recommend Annual 2023 Lodging Tax Fund Budget Fund
Senior Planner Ben Braudrick provided a presentation on the 2023 Lodging Tax Fund proposed budget based on LTAC
policy and guidelines. Committee discussion followed.
It was moved by Alward and seconded by Rubin to:
Accept the 2023 Lodging Tax Fund Budget by category using the percentages displayed on screen during the meeting.
The Chair asked if there was unanimous consent, hearing no opposition, the motion carried 5-0.
LTAC Budget Percentages by Category
Budget Category Percentage Amount
Capital Facilities .............17% ............. $126,800
Capital Reserve ................. 5% ............... $38,200
Committee Priority ........... 5% ............... $38,200
Marketing .......................... 25% ............. $191,000
Operations ......................... 38% ............. $293,900
Event Grant 10% $76,000
TOTAL 100% $764,100
Committee discussion followed.
It was moved by French and seconded by Alward to:
Allocate $425,000 over the next biennium on capital projects based on priority need and $50,000 over the next biennium for
marketing based on priority need.
The Chair asked if there was unanimous consent, hearing no opposition, the motion carried 5-0.
2. 2023 Regular Meeting Scheduling
The Committee reviewed the 2023 Calendar and discussed regular meeting dates and times for Tourism Reporting, Fund
Review, and Annual Fund disbursement.
It was moved by Alward and seconded by Loewe to:
Approve the 2023 Meeting Calendar.
The Chair asked if there was unanimous consent, hearing no opposition, the motion carried 5-0.
LTAC Minutes
September 15, 2022
Page 2
3. Information Only: July Lodging Tax Revenue Report
The Committee briefly discussed the July Lodging Tax Revenue Report.
STAFF UPDATES
Senior Planner BenBraudrick noted the opening of the Request for Proposals (RFP) on September 16, 2022, and the
potential to conduct in-person meetings in the near future.
COMMITTEE MEMBER UPDATES
Alward discussed occupancy for July 2022 at the Red Lion Hotel.
Rubin discussed occupancy and completion of a new addition at the Maitland Manor Bed & Breakfast.
Massey discussed a letter sent from the Olympic Peninsula Tourism Commission to the Washington State Department of
Transportation (WSDOT) concerning planned Hood Canal Bridge closures for summer 2023. Additionally, Massey noted an
upcoming Olympic Peninsula Tourism Commission meeting planned for October 6, 2022, at which Steve York of the
WSDOT Olympic Region will attend.
ADJOURNMENT
Chair French adjourned the meeting at time 4:12 p.m.
__________________________ ___________________________
Mike French, Chair Jessica Straits, Acting Clerk
-7.96%-7.27%
77.97%58.55%44.96%28.25%37.52%21.02%71.98%48.04%48.88%38.00%
ЊЉΉЌΉЋЉЋЋ
% Change% Change% Change% Change% Change
2019
YTD-over-YTD
% change from
0.93%3.62%9.68%4.85%7.88%7.35%6.47%3.89%5.54%6.96%
-0.46%-0.75%
12.25%21.45%31.10%22.41%13.03%21.09%13.64%71.92%10.60%11.97%10.58%16.18%17.36%13.92%16.41%15.68%11.28%11.02%20.36%67.09%
YTD
-27.83%-43.11%-29.61%-36.69%-32.18%-44.50%
119.68%125.43%133.83%103.50%
% Change% Change% Change% Change% Change
over prior
% Change
YTD YTD YTD YTD YTD YTD
$91,160.72
$464,779.95$643,983.59$530,238.01$525,368.50$400,731.76$327,357.16$736,021.92$651,183.67$288,867.36$507,732.25$489,980.67$446,735.38$448,819.46$370,642.96$357,549.87$314,645.35$183,020.11$260,003.18$
247,977.16$224,209.44$200,236.62$181,080.28$282,266.01$242,965.86$103,906.06$164,126.76$139,853.88$122,760.88$105,456.76$599,609.20$555,802.95$273,128.19$402,749.44$361,910.49$337,116.76$303,655.03$2
52,285.38$340,732.62$343,297.26$205,452.25$370,192.56$347,692.69$334,662.84$317,107.50$296,464.92
$1,146,126.28$1,021,048.13
$788,557.16$991,608.14$918,071.37$788,430.32$627,540.18$525,617.14$736,021.92$997,793.06$507,993.71$799,025.21$768,853.05$731,842.10$705,773.00$596,829.80$357,549.87$484,555.20$283,859.71$399,831.91$
378,083.76$349,573.94$312,525.34$278,935.46$282,266.01$368,328.92$198,109.54$253,729.43$211,510.72$192,894.66$169,587.60$151,115.38$599,609.20$779,200.64$481,213.12$568,587.21$533,888.16$496,205.82$4
47,197.25$376,050.74$340,732.62$525,078.71$339,546.56$564,313.57$534,185.39$508,503.00$474,938.38$443,858.28
Full YearFull YearFull YearFull YearFull YearFull Year
$1,146,126.28$1,484,829.07
$95,934.87$66,996.65$63,596.63$44,337.19$45,556.24$32,063.98$27,540.36$87,518.66$47,848.92$52,463.96$43,459.70$50,434.30$39,689.48$39,369.22$27,574.44$25,872.15$34,093.55$26,663.96$22,808.58$19,486.1
4$18,946.94$25,839.09$21,251.12$16,484.04$13,359.95$12,806.26$17,082.96$10,446.24$53,062.58$54,415.58$41,780.75$45,163.84$32,423.26$25,904.24$25,149.24$41,675.55$32,941.20$43,381.46$42,396.64$39,687.
46$30,911.64$34,548.38
DecemberDecemberDecemberDecemberDecemberDecember
$93,570.32$78,632.65$71,138.54$94,453.64$93,364.80$97,199.10$93,031.74$75,321.88$45,675.45$38,134.39$42,190.78$20,197.47$42,810.06$37,840.56$30,543.20$42,069.36$30,870.12$30,125.36$26,305.63$27,283.6
0$16,871.16$20,273.02$75,232.02$64,163.76$62,351.70$68,607.38$57,837.62$49,494.00$58,652.34$56,031.27$61,722.25$65,074.84$61,921.74$62,230.28$50,745.46
November$169,412.80$124,311.26$131,121.09$173,853.16$114,945.08$105,454.70NovemberNovemberNovemberNovember$102,436.87November
$89,289.74$77,149.30$96,659.96$36,833.06$63,544.40$83,245.17$59,745.86$54,962.02$48,365.04$57,454.61$42,082.24$42,993.27$31,991.26$30,043.92$30,176.72$29,235.40$67,898.24$78,437.33$59,893.26$64,462.1
3$58,058.42$59,800.36$49,122.12$81,453.56$45,121.84$89,017.30$79,021.22$72,230.96$64,688.96$62,099.52
OctoberOctoberOctoberOctoberOctoberOctober
$198,433.27$132,469.30$152,906.83$169,643.01$102,560.50$180,458.08$100,138.89$144,375.36$142,047.88$137,473.32$124,232.32$111,495.74
57,910.3654,139.79
$92,816.54$77,758.62$85,301.46$85,749.60$50,049.48$58,171.52$68,994.24$66,161.67$58,883.36$54,558.06$48,815.56$51,139.37$33,530.16$41,329.82$37,428.29$29,879.18$24,558.54$23,789.04$90,607.51$75,131.0
3$87,495.61$68,130.01$56,181.88$53,334.68$44,665.06$77,672.97$40,203.86$82,013.38$75,133.29$76,065.76$62,436.86$66,770.66
113,177.85
$224,118.46$192,217.99$160,075.87$156,745.60$115,085.98$105,764.40$202,015.13$194,139.64$142,359.68$144,298.29$135,072.98$124,299.26$108,977.36
SeptemberSeptemberSeptemberSeptemberSeptemberSeptember
$ $ $
54,601.7699,377.2549,784.62
$98,096.40$84,901.82$74,184.70$37,748.92$96,293.39$94,107.25$89,816.42$81,170.00$71,411.98$69,937.34$60,732.77$24,528.28$45,097.27$41,486.18$37,489.36$36,098.82$30,020.78$49,920.41$17,587.44$33,349.2
9$26,460.48$23,388.14$20,214.66$15,510.16$85,104.28$41,591.37$69,624.83$64,217.70$64,460.32$56,188.52$48,796.64$64,751.90$32,855.52$60,561.56$55,747.64$54,029.42$52,450.84$48,143.06
AugustAugustAugustAugustAugustAugust
$198,802.60$193,691.88$102,444.89$135,017.28$113,039.12$130,873.85$123,597.72
tğŭĻ Њ ƚŅ Ћ
$ $ $
JulyJulyJulyJuly$7,845.14JulyJuly
40,135.5182,763.1650,459.79
$43,110.81$93,931.88$73,573.25$78,136.72$45,697.55$37,880.30$81,724.74$21,148.05$72,624.87$71,125.43$59,074.38$58,782.14$52,646.16$55,423.76$53,995.58$16,176.22$38,439.35$35,058.87$30,288.04$26,855.2
0$24,306.76$35,278.02$26,893.64$19,384.22$18,080.80$13,559.28$10,161.34$70,727.44$22,715.37$47,889.57$43,754.88$38,074.08$33,479.14$27,653.98$44,684.07$10,074.67$47,394.37$43,446.89$40,149.94$41,061.
44$33,825.32
$153,765.97$151,555.38$102,061.88
$ $ $
$648.59$533.76
$2,198.56$5,387.68$9,081.26$4,877.35
JuneJuneJuneJuneJuneJune
30,800.7664,213.5831,409.19
$65,055.68$45,182.11$78,751.14$32,083.65$20,414.18$73,265.10$68,735.54$48,157.01$47,586.77$41,111.18$41,124.80$40,632.02$29,776.90$41,323.43$15,904.01$25,005.68$25,626.37$23,241.58$20,566.52$18,731.3
4$29,628.50$16,154.91$11,590.67$11,614.02$10,646.16$69,432.85$42,349.77$35,892.03$31,161.52$29,333.88$25,021.90$35,371.78$40,498.09$35,658.03$35,699.90$35,431.84$27,612.58
$126,841.89$130,026.22
$ $ $
May$6,289.26MayMay$4,791.47May$8,756.91$8,381.54MayMay
27,189.4960,886.9637,389.56
$63,079.64$49,322.91$39,746.00$25,665.70$22,313.46$67,040.22$55,570.09$14,023.82$39,640.08$36,654.61$30,060.44$34,065.92$25,115.84$30,515.01$28,950.88$24,683.51$19,538.77$18,402.28$14,694.88$15,260.9
8$27,560.75$11,925.56$13,887.94$10,891.28$10,945.72$65,961.50$11,196.91$40,545.40$40,396.57$37,946.58$29,298.50$23,824.36$38,131.79$12,145.41$34,548.20$31,927.59$30,209.64$33,626.90$26,768.04
$121,982.73$114,540.40
$ $ $
$8,947.36$9,384.98$7,215.28$8,351.92$6,994.62
AprilAprilAprilAprilAprilApril
24,744.5155,439.5629,606.77
$71,384.48$39,731.36$28,807.02$29,671.08$21,010.60$23,695.61$11,450.60$50,058.81$35,259.89$31,752.03$22,065.27$24,066.14$24,119.06$21,386.50$20,395.22$27,275.46$27,091.77$15,188.08$13,753.99$16,544.2
4$14,553.62$13,785.16$12,747.28$13,862.82$11,118.42$43,406.48$28,566.17$21,724.70$23,064.24$20,633.70$18,348.78$14,983.04$21,639.46$18,176.86$21,384.31$28,774.07$23,770.60$21,765.76$34,899.20
$102,318.23
$ $ $
$9,977.34$8,996.30$8,335.22$6,511.72$8,455.22$5,706.10$5,559.40
20,071.35 40,797.6420,884.09
MarchMarchMarchMarchMarchMarch
$94,697.66$73,732.76$40,679.21$37,244.32$25,978.70$26,236.56$17,598.01$11,472.80$41,282.90$34,779.78$28,744.11$26,222.34$22,886.34$19,321.88$40,770.18$14,892.19$20,211.44$20,862.28$17,118.28$13,513.4
8$14,275.72$11,956.78$10,295.50$13,837.32$46,407.13$28,921.38$24,277.10$18,799.70$16,661.22$14,393.60$14,242.40$19,399.19$25,007.02$26,895.65$21,658.80$18,613.82$22,215.10$16,992.86
$ $
$
$8,997.22$9,868.20$7,984.88$6,178.36$7,290.66$6,271.14$4,898.52$5,148.50
11,634.90 43,484.5234,042.91
$61,942.93$52,664.55$37,693.92$43,046.43$58,345.54$57,889.40$65,009.50$53,383.94$31,718.02$27,669.61$30,426.63$31,261.66$30,612.54$26,565.78$24,679.86$19,918.77$18,715.99$15,096.62$16,706.72$14,533.3
7$14,306.04$14,273.08$11,062.18$45,229.94$33,263.68$40,024.49$45,060.38$52,819.70$50,911.43$36,086.78$20,252.85$29,943.18$25,832.94$27,142.20$26,849.56$26,262.20$20,000.48
FebruaryFebruaryFebruaryFebruaryFebruaryFebruary
$ $
$
$9,609.28$8,841.54$7,914.92$6,965.82$6,575.86$6,534.86
January$61,655.81$41,234.47$32,556.07$21,055.74$20,039.32$19,737.28$13,263.38$18,498.56January$37,706.01$29,706.66$34,334.66$29,107.95$18,643.30$21,593.26$22,540.80$16,653.42January$19,944.37$16,542.
54$14,435.53$15,982.29$14,979.30$15,121.34$12,320.30$12,223.02January$15,177.37$11,870.47January$39,468.68$38,925.82$31,208.52$28,817.97$22,594.98$19,177.76$18,366.50$17,011.22January$33,015.90$21,39
3.25$32,168.38$31,064.06$28,204.18$29,274.20$21,856.56$21,452.72
September 2022 Room Tax Report
Clal. Co20222021202020192018201720162015P.A.20222021202020192018201720162015Sequim 20222021202020192018201720162015Forks20222021202020192018201720162015Jeff. Co20222021202020192018201720162015Port
T.20222021202020192018201720162015 CźŭǒƩĻƭ ğƩĻ ğĭƨǒźƩĻķ ŅƩƚƒ ƷŷĻ 5ĻƦƷ͵ ƚŅ wĻǝĻƓǒĻ ΛǞǞǞ͵ķƚƩ͵Ǟğ͵ŭƚǝΜ ğƓķ ğƩĻ ƷǞƚ ƒƚƓƷŷƭ ĬĻŷźƓķ͵ CźŭǒƩĻƭ ğƩĻ ƷŷĻ ƷƚƷğƌ ƚŅ ĬƚƷŷ δ{ƦĻĭźğƌ IƚƷĻƌΉaƚƷĻƌδ ğƓķ
δƩğƓƭźĻƓƷ wĻƓƷğƌδ ƷğǣĻƭ ĭƚƒĬźƓĻķ͵ tĻƩĭĻƓƷğŭĻ źƭ ƷŷĻ ğƒƚǒƓƷ ĭŷğƓŭĻķ ŅƩƚƒ ƚƓĻ ǤĻğƩ ΛƒƚƓƷŷ Ʒƚ ķğƷĻΜ Ʒƚ ƷŷĻ ƓĻǣƷ ΛƒƚƓƷŷ Ʒƚ ķğƷĻΜ͵ /ƌğƌƌğƒͲ WĻŅŅĻƩƭƚƓͲ DƩğǤƭ IğƩĬƚƩͲ ğƓķ ağƭƚƓ /ƚǒƓƷǤ ŅźŭǒƩĻƭ
ƩĻŅĻƩ Ʒƚ ğƌƌ ƌƚķŭźƓŭƭ ǞźƷŷźƓ ĭƚǒƓƷǤ ĬƚƩķĻƩƭ ĻǣĭƌǒķźƓŭ ƷŷĻ ƒğƆƚƩ ƷƚǞƓƭ ğƌƩĻğķǤ ƌźƭƷĻķ͵
5ğƷğƭƚǒƩĭĻʹ ğƭŷźƓŭƷƚƓ 5ĻƦƷ ƚŅ wĻǝĻƓǒĻ/ƚƒƦźƌĻķ ĬǤ ht.
56.89%57.11%81.44%57.80%26.31%13.15%
ЊЉΉЌΉЋЉЋЋ
% Change% Change% Change
7.54%5.95%9.81%3.21%6.07%
-0.13%
84.46%14.09%14.98%95.01%25.62%15.87%15.74%11.63%55.75%20.50%12.55%
-14.83%-19.08%-27.35%-17.65%
% Change% Change% Change
YTD YTD YTD
$45,451.51$40,716.62$26,142.78$35,984.91$29,861.93$36,263.64$32,220.24$30,376.78
$966,502.65$711,515.55$618,822.70$317,324.87$392,156.32$312,187.38$269,440.60$261,063.65$225,552.02
$2,164,583.33$2,167,498.14$1,175,060.29$1,379,642.38$1,209,287.35$1,124,504.92$1,061,315.32
$45,451.51$56,449.74$40,344.20$50,859.39$44,498.89$50,146.18$47,358.64$39,438.00
$711,515.55$869,732.63$520,003.16$562,002.35$475,671.28$391,344.54$373,099.69$335,764.66
Full YearFull YearFull Year
$2,164,583.33$3,160,258.11$1,981,372.55$2,049,120.45$1,804,402.70$1,725,459.11$1,596,302.26$1,451,321.74
$3,782.20$4,195.34$4,091.58$3,866.84$3,007.16$4,195.54$3,775.94
$82,665.22$93,602.80$84,702.37$59,267.21$48,699.22$35,411.70$29,646.15$21,414.84$21,242.46$20,160.36
DecemberDecemberDecember
$203,581.18$192,631.07$113,788.10$108,503.98
NA
$5,485.90$4,310.88$5,100.66$4,660.20$4,890.66$5,824.88
$80,629.03$65,498.51$50,981.86$68,876.48$46,572.74$41,043.10$41,499.56
November$329,354.11$291,095.32$203,314.40$202,243.41$209,366.60$190,312.09$164,002.30NovemberNovember
$6,465.02$5,695.20$5,682.24$6,109.92$5,984.72$5,117.98$5,285.28
$88,480.56$83,452.47$64,961.27$53,916.36$49,750.48$48,552.72
OctoberOctoberOctober
$459,824.68$322,585.87$352,375.57$310,206.72$283,083.61$251,072.05$236,114.42$111,013.69
7,699.56
$6,847.04$4,361.12$5,584.00$5,025.72$6,950.62$5,417.56$4,719.40
$82,275.33$82,197.42$61,325.21$54,988.44$48,172.94$39,319.62
449,459.48140,312.32
$437,552.54$334,312.32$321,894.62$276,957.80$247,909.84$239,502.23$210,962.91$105,649.79
SeptemberSeptemberSeptember
$ $ $
6,411.76
$6,067.50$4,007.32$4,940.31$4,156.45$4,934.98$4,677.66$4,684.30
$98,683.49$61,326.82$61,277.03$50,591.09$41,386.28$42,973.50$39,511.70
AugustAugustAugust
309,597.61103,214.15
$345,427.97$206,945.35$220,231.99$197,123.24$171,347.46$170,159.26$142,865.53
tğŭĻ Ћ ƚŅ Ћ
$ $ $
NA
5,220.18
JulyJulyJuly$4,995.16$3,446.58$4,313.81$3,807.18$4,707.54$3,915.84
76,419.32
$85,175.91$30,770.14$47,304.43$35,749.74$27,315.00$25,022.74$21,007.98
222,216.35
$258,628.56$152,778.09$153,527.59$128,984.49$120,308.75$109,066.15$100,660.36
$ $ $
5,342.04
$4,516.34$4,787.16$3,115.18$5,113.21$3,401.39$4,085.90$4,474.58$2,917.88
JuneJuneJune
81,911.30
$21,656.17$83,727.89$38,702.51$29,951.42$24,647.22$22,095.28$17,448.70
251,676.25
$259,836.06$156,435.02$137,838.11$137,343.53$116,530.92$100,509.64
$ $ $
4,329.87
MayMayMay$4,748.30$1,877.78$2,158.72$3,971.49$4,727.04$3,834.14$2,628.02
82,481.51
$40,635.18$93,415.31$90,262.30$91,975.21$75,985.97$12,187.26$36,924.43$29,843.96$22,837.26$22,100.68$25,323.62
194,435.68
$227,172.49$126,354.51$109,534.12
$ $ $
NA
3,077.98
$3,167.68$3,468.74$2,430.56$3,560.56$3,003.04$2,784.52
AprilAprilApril
66,961.90
$87,023.39$79,859.81$79,146.08$73,975.67$74,567.64$50,623.94$31,993.26$24,443.49$18,402.06$19,868.54$16,701.38$11,992.52
198,550.60
$158,110.02$100,371.96
$ $ $
NA
4,086.44
$3,617.06$2,817.24$3,680.30$2,095.86$2,804.10$2,660.12
54,848.06
MarchMarchMarch
$98,994.00$96,832.56$86,566.46$79,383.47$79,971.70$83,517.49$41,657.39$30,791.06$24,616.02$16,998.28$15,385.16$13,115.38$14,206.64
173,344.13
$165,857.08
$ $ $
3,981.96
$2,979.00$2,937.72$3,176.13$2,526.80$3,699.68$4,555.12$3,321.68
52,740.94
$96,898.34$42,724.13$32,150.44$46,595.52$50,294.72$47,592.24$46,063.39$43,614.66
165,251.74
$151,458.09$111,676.01$114,433.41$110,148.38$112,472.81$109,146.10
FebruaryFebruaryFebruary
$ $ $
$5,301.72$3,507.72$3,579.84$3,549.69$2,446.48$3,597.32$3,454.04$2,745.02
January$82,274.94$83,177.67$72,700.99$64,545.53January$52,626.05$34,594.19$31,314.22$30,095.47$19,030.90$15,420.46$24,818.36$13,126.58January
$200,051.49$163,455.33$107,691.21$102,909.29
GHC20222021202020192018201720162015M. Co20222021202020192018201720162015Shelton20222021202020192018201720162015 CźŭǒƩĻƭ ğƩĻ ğĭƨǒźƩĻķ ŅƩƚƒ ƷŷĻ 5ĻƦƷ͵ ƚŅ wĻǝĻƓǒĻ ΛǞǞǞ͵ķƚƩ͵Ǟğ͵ŭƚǝΜ ğƓķ ğƩĻ
ƷǞƚ ƒƚƓƷŷƭ ĬĻŷźƓķ͵ CźŭǒƩĻƭ ğƩĻ ƷŷĻ ƷƚƷğƌ ƚŅ ĬƚƷŷ δ{ƦĻĭźğƌ IƚƷĻƌΉaƚƷĻƌδ ğƓķ δƩğƓƭźĻƓƷ wĻƓƷğƌδ ƷğǣĻƭ ĭƚƒĬźƓĻķ͵ tĻƩĭĻƓƷğŭĻ źƭ ƷŷĻ ğƒƚǒƓƷ ĭŷğƓŭĻķ ŅƩƚƒ ƚƓĻ ǤĻğƩ ΛƒƚƓƷŷ Ʒƚ ķğƷĻΜ Ʒƚ ƷŷĻ
ƓĻǣƷ ΛƒƚƓƷŷ Ʒƚ ķğƷĻΜ͵ /ƌğƌƌğƒͲ WĻŅŅĻƩƭƚƓͲ DƩğǤƭ IğƩĬƚƩͲ ğƓķ ağƭƚƓ /ƚǒƓƷǤ ŅźŭǒƩĻƭ ƩĻŅĻƩ Ʒƚ ğƌƌ ƌƚķŭźƓŭƭ ǞźƷŷźƓ ĭƚǒƓƷǤ ĬƚƩķĻƩƭ ĻǣĭƌǒķźƓŭ ƷŷĻ ƒğƆƚƩ ƷƚǞƓƭ ğƌƩĻğķǤ ƌźƭƷĻķ͵
5ğƷğƭƚǒƩĭĻʹ ğƭŷźƓŭƷƚƓ 5ĻƦƷ ƚŅ wĻǝĻƓǒĻ/ƚƒƦźƌĻķ ĬǤ ht.