1 Spalding Cover - South Holland District Council

Transcription

$FFHVV(QYLURQPHQWDO
2SSRUWXQLWLHV
$FFHVV(QYLURQPHQWDO2SSRUWXQLWLHV
$FFHVV
$FFHVV
,QWURGXFWLRQ
7KH ZDWHUZD\ FRUULGRUV DQG WKHLU SDWKV RIIHU H[FHOOHQW DFFHVV IRU
ZDONLQJF\FOLQJDQGRWKHUUHFUHDWLRQDOSXUVXLWV7KH\OLQNWRZQDQG
FRXQWU\ DQG DUH DFFHVVLEOH WR D ZLGH UDQJH RI SHRSOH FRQWULEXWLQJ
WR D ZLGH UDQJH RI VRFLDO HFRQRPLF DQG HQYLURQPHQWDO DJHQGDV
:DWHUZD\ FRUULGRUV DUH D VLJQL¿FDQW SDUW RI WKH JUHHQ LQIUDVWUXFWXUH
LPSRUWDQWIRUQDWXUHDQGZLOGOLIHJLYLQJRSSRUWXQLWLHVIRUUHFUHDWLRQDQG
KHDOWK\H[HUFLVH7KH\FDQEHXVHGDVWUDI¿FIUHHFRPPXWHUURXWHV
7KH 6SDOGLQJ /HLVXUH :KHHO VKRXOG EH UHURXWHG
SDUWLFXODUO\LQWRZQVZKHUHWKH\OLQNZLWKSXEOLFWUDQVSRUWVRUHGXFLQJ
DORQJ WKH ULJKW KDQG ÀRRG EDQN RI WKH 7LGDO 5LYHU
WUDI¿FFRQJHVWLRQDQGFDUERQIRRWSULQWV)RRWSDWKVDUHLQWKHPVHOYHV
:HOODQGDQGDZD\IURP:HVW0DUVK5RDG
LPSRUWDQWFXOWXUDOKHULWDJHDVVHWVSURYLGLQJDQHGXFDWLRQDOUHVRXUFH
DIRFXVIRUWRXULVPWREULQJLPSRUWDQWHFRQRPLFEHQH¿WWRUXUDODUHDV
µ:DWHUZD\VIRU(YHU\RQH¶WKH*RYHUQPHQW¶VFRQVXOWDWLRQGRFXPHQWIRU
WKHLQODQGZDWHUZD\VRI(QJODQGDQG:DOHVHPSKDVLVHVWKHUDQJHRI
EHQH¿WVZKLFKLQFUHDVHGDFFHVVWRZDWHUZD\FRUULGRUVFDQJHQHUDWH
:DWHUZD\VFDQFRQWULEXWHWRDQDFFHVVLEOHFRXQWU\VLGHDQDWWUDFWLYH
XUEDQIULQJHDQGSOHDVDQWWUDI¿FIUHHWRZQFHQWUHURXWHV7KH\SURYLGH
DQ HQYLURQPHQW IRU HQMR\DEOH ZDONLQJ F\FOLQJ KRUVH ULGLQJ DQG
FDQRHLQJZKLFKHQFRXUDJHVSHRSOHWROHDGKHDOWKLHUOLIHVW\OHV
7KH /LQFROQVKLUH 5LJKWV RI :D\ ,PSURYHPHQW 3ODQ VHWV RXW KRZ
7KHUHDUHPDQ\H[DPSOHVRIµÀ\WLSSLQJ¶DORQJWKH
HPEDQNPHQWVRIWKH5LYHU:HOODQG
WKH &RXQW\ &RXQFLO ZLOO LPSURYH WKH PDQDJHPHQW SURYLVLRQ DQG
DVVHVVPHQWRIKRZULJKWVRIZD\ZLOOPHHWFXUUHQWDQGIXWXUHQHHGV
7KH3ODQVWDWHVWKHQHWZRUNLVIUDJPHQWHGSDUWLFXODUO\IRUF\FOLVWVDQG
KRUVHULGHUV5LYHUVLGHSDWKVDQGÀRRGEDQNVRIIHUDQRSSRUWXQLW\WR
FUHDWHQHZURXWHVZLWKLPSURYHGVLJQDJHZD\PDUNLQJDQGSURPRWLRQ
7KHULYHUVFRUULGRUVRIIHUFRQVLGHUDEOHRSSRUWXQLW\IRUDFFHVV7KHUH
DUHPDQ\3XEOLF5LJKWVRI:D\DORQJWKHULYHUVDQGGUDLQVZLWKOLQNV
WRVHWWOHPHQWV7ZRORQJGLVWDQFHURXWHVPDNHXVHRIWKHFRUULGRUV
WKH0DFPLOODQ:D\RQLWVZD\IURP%RVWRQWR$EERWVEXU\'RUVHWDQG
WKH%URZQ)HQV:DWHUZD\7UDLODPLOHFLUFXODUURXWHOLQNLQJ%RVWRQ
)RVG\NH 6SDOGLQJ &URZODQG DQG 'RQLQJWRQ 7KH 6SDOGLQJ /HLVXUH
:KHHO LV D PLOH FLUFXLW XVLQJ WKH ÀRRG EDQNV RI WKH &RURQDWLRQ
&KDQQHO WKH 5LYHU :HOODQG DQG VXUURXQGLQJ GUDLQDJH QHWZRUN ZLWK
OLQNV LQWR WKH WRZQ FHQWUH 3LQFKEHFN 6XUÀHHW DQG &URZODQG KDYH
0LOOHQQLXP7UDLOVZKLFKOLQNKLVWRULFIHDWXUHVRIWKHYLOODJHVWRWKHZLGHU
IRRWSDWKQHWZRUN
7KHUHDUHWZR6XVWUDQV1DWLRQDO&\FOH5RXWHV1&5ZLWKLQWKHVWXG\
DUHD1&51RFURVVHVWKH5LYHU:HOODQGDW)RVG\NH%ULGJHDQG1&5
$FFHVVSRLQWLPSURYHPHQWVVKRXOGEHPDGHZKHUH
1RXVHVWKHFRUULGRURIWKH5LYHU:HOODQG7KHUHLVDQRSSRUWXQLW\
URXWHVFURVVEXV\URDGV
WRFRPSOHWHDPLVVLQJVHFWLRQRI5RXWH1REHWZHHQ6SDOGLQJDQG
)RVG\NHLQRUGHUWROLQNWKHWZRURXWHV
7RWKHZHVWHUQHGJHRI6RXWK+ROODQG'LVWULFWWKHUHDUHURXWHVOLQNLQJ
3HDNLUNDQG&URZODQGWRWKH3HWHUERURXJK0LOOHQQLXP*UHHQ:KHHO
QHWZRUN7KHPDSRQSDJHVKRZVH[LVWLQJSDWKVDQGWUDLOV
6SDOGLQJ:DWHUVSDFH6WXG\
$FFHVV
7KHUHDUHDQXPEHURIVWDEOHVFORVHWRWKHULYHUFRUULGRUVDQGULGLQJ
LV DQ LPSRUWDQW DFWLYLW\ LQ WKH DUHD 7KH SURSRVHG PXOWLXVHU URXWHV
VKRXOG LQFOXGH DFFHVV IRU ULGHUV DV ZHOO DV ZDONHUV DQG F\FOLVWV E\
FUHDWLQJJRRGTXDOLW\FLUFXODUULGHV
&DQRHLQJLVDQRWKHULPSRUWDQWPHDQVRIDFFHVVLQJWKHULYHUFRUULGRUV
7KH /LQFROQVKLUH :DWHUZD\V 3DUWQHUVKLS KDV SURYLGHG VOLSZD\V DQG
ODXQFKSODWIRUPVDWDQXPEHURIORFDWLRQVRQWKHULYHUVZKLFKVKRXOG
EHH[SDQGHG
$FFHVVIRU$OO
7KHUHLVDQLQFUHDVLQJH[SHFWDWLRQWKDWVDIHZHOOGHVLJQHGDFFHVVZLOO
EH SURYLGHG IRU DOO XVHUV 7KH 'LVDELOLW\ 'LVFULPLQDWLRQ$FWV UHTXLUH
VHUYLFHSURYLGHUVWRPDNHDOOUHDVRQDEOHHIIRUWVIRUWKLVWREHDFKLHYHG
3DWKVDORQJVLGHZDWHUZD\VDUHDQDWWUDFWLYHUHVRXUFHJHQHUDOO\OHYHO
ZLWKDQXPEHURIDFFHVVSRLQWV,QHYLWDEO\LWLVQRWSRVVLEOHWRPDNHDOO
SDWKVSDUWLFXODUO\WKRVHLQWKHFRXQWU\VLGHDYDLODEOHWRHYHU\RQHDQG
VRPHVHFWLRQVZLOOQRWEHDFFHVVLEOHWRDOO
3URYLVLRQRIDFFHVVIRUDOOVKRXOGEHYLHZHGLQDVWUDWHJLFFRQWH[WDV
7KH WRSRJUDSK\ RI WKH )HQV LV VXLWHG WR F\FOLQJ
ERWK IRU FRPPXWLQJ DQG IRU OHLVXUH SXUSRVHV
ZKLFKLVVXSSRUWHGE\WKH6RXWK+ROODQG/RFDO3ODQ
5HI2XU9LVLRQIRUWKH/LQFROQVKLUH:DWHUZD\V/:3
SDUWRIWKHRYHUDOOPDQDJHPHQWRIWKHZDWHUZD\HQYLURQPHQW'HWDLOHG
DXGLWV VKRXOG EH XQGHUWDNHQ RQ NH\ VWUHWFKHV RI SDWKV WR GHWHUPLQH
RSSRUWXQLWLHV WR FUHDWH HDVLHU DFFHVV DQG SULRULWLVH LPSURYHPHQW
VFKHPHV:KHUHSRVVLEOHJRRGVXUIDFLQJVKDOORZJUDGLHQWVDQGWKH
UHSODFHPHQWRIEDUULHUVZLOOIDFLOLWDWHDFFHVVIRUSHRSOHZLWKGLVDELOLWLHV
ROGHUSHRSOHDQGIDPLOLHVZLWKSXVKFKDLUV,WLVLPSRUWDQWWRDSSUHFLDWH
WKHQHHGVRIEOLQGDQGSDUWLDOO\VLWHGSHRSOHSDUWLFXODUO\RQPXOWLXVH
SDWKV 5HFRJQLVHG GHVLJQ VWDQGDUGV FDQ EH IRXQG LQ WKH )LHOGIDUH
7UXVW¶V&RXQWU\VLGH$FFHVVIRU$OO6WDQGDUGVDQG*XLGHOLQHV
$FFHVVSURSRVDOV,PSURYLQJWKHQHWZRUN
5LYHUVLGHSDWKVDQGÀRRGEDQNVDUHRIWHQZLGHHQRXJKWRDOORZPXOWL
XVHU URXWHV RIIHULQJ VWULNLQJ YLHZV DFURVV WKH ODQGVFDSH ,Q PDQ\
LQVWDQFHVWKH\DUHSXEOLFO\RZQHGDQGZKHUHQRSXEOLFULJKWVRIZD\
H[LVWSHUPLVVLYHDFFHVVFDQEHQHJRWLDWHG,QVRPHVHFWLRQVWKHUH
PD\EHVFRSHIRUDSDWKWREHLQWKHOHHRIWKHEDQNJLYLQJJUHDWHU
VKHOWHUDQGDFKDQJHRISHUVSHFWLYH
$VDOUHDG\KLJKOLJKWHGWKHUHLVDQRSSRUWXQLW\WRFRQQHFW1&51R
WR1&51REHWZHHQ6SDOGLQJDQG)RVG\NH%ULGJHXVLQJWKHVRXWK
EDQNRIWKH7LGDO5LYHU:HOODQG7RWKHQRUWKDQRWKHUF\FOHURXWHWR
6XUÀHHW 6HDV (QG FRXOG WKHQ IROORZ WKH 5LYHU *OHQ 7KLV FRXOG OLQN
WR %RXUQH WKH µ*DWHZD\ WR WKH )HQV 7RXU¶ DW %DVWRQ )HQ DQG WKHQ
$ ¿VKLQJ FRPSHWLWLRQ IRU WKH GLVDEOHG KHOG RQ
WKH 5LYHU :LWKDP 5HI 2XU 9LVLRQ IRU WKH /LQFROQVKLUH
:DWHUZD\V/:3
RQWR6WDPIRUG,WZRXOGSDVV:LOORZ7UHH)HQDW*XWKUDP*RZWDQG
FRQQHFWWRDQHZPXOWLXVHUURXWHIROORZLQJWKH%ODFN6OXLFH1DYLJDWLRQ
WR %RVWRQ 7KH URXWH ZRXOG XWLOLVH ULYHU SDWKV ODQHV DQG GURYHV
WKURXJK3LQFKEHFN:HVW3LQFKEHFN6XUÀHHWDQG6XUÀHHW6HDV(QG
$FFHVV
2QWKH5LYHU:HOODQGDQDGGLWLRQDOEULGJHFURVVLQJFORVHWR'HHSLQJ
/DNHV 1DWXUH 5HVHUYH ZRXOG DOORZ DFFHVV WR WKH UHVHUYH IURP WKH
1&51RVRXWKRIWKHULYHU7KLVZRXOGLPSURYHFRQQHFWLRQVZLWK
WKH 'HHSLQJV 3HDNLUN &URZODQG DQG WKH 3HWHUERURXJK 0LOOHQQLXP
*UHHQ:KHHOF\FOHQHWZRUN7KH3HWHUERURXJK*UHHQ*ULG6WUDWHJ\
SURPRWHVWKHSURYLVLRQRIEULGJLQJSRLQWVWRHQVXUHFRQQHFWLYLW\RIWKH
QHWZRUN$URXWHWRWKHZHVWDORQJWKH0D[H\&XWWKHIRUPHU6WDPIRUG
&DQDOZRXOGWDNHXVHUVSDVW7DOOLQJWRQ/DNHVZKHUHWKHUHDUHZDWHU
VSRUW DQG RWKHU RXWGRRU SXUVXLW DFWLYLWLHV 7KH SRWHQWLDO MXQFWLRQ IRU
WKH 5LYHU 1HQH /LQN FORVH WR .HQQXOSK¶V 6WRQH ZLOO EULQJ IXUWKHU
SRVVLELOLWLHVRIFUHDWLQJDPXOWLXVHUURXWHWRWKHVRXWK
&RQWLQXLQJ GRZQVWUHDP RI )RXU 0LOH %DU %ULGJH LWVHOI DQ LPSRUWDQW
FRQQHFWLRQ SRLQW WKHUH DUH DOWHUQDWLYH PXOWLXVHU URXWHV WR 6SDOGLQJ
YLDÀRRGEDQNVGURYHVDQGODQHVRQERWKVLGHVRIWKH5LYHU:HOODQG
ZLWK1&51RXVLQJ&UDGJH%DQN5RDGDORQJWKHULYHU¶VOHIWEDQN
:DWHUZD\:DONV
$ VHW RI ZDWHUZD\ ZDONV VKRXOG EH SURPRWHG XVLQJ WKH ZDWHUZD\
FRUULGRUV $ORQJ WKH 5LYHU *OHQ QHZ SDWKV DQG WUDLOV FRXOG LQFOXGH
7KH&KDUP7UHH1&51R&RUSRUDWLRQ%DQN
:LOORZ7UHH)HQ1DWXUH5HVHUYHWKH0DFPLOODQ:D\WKH%URZQ)HQ
:DWHUZD\ 7UDLO DQG 3LQFKEHFN WR 6XUÀHHW 0LOOHQQLXP 7UDLO ZLWK WKH
SRWHQWLDOWROLQN6XUÀHHWZLWK)RVG\NH%ULGJH0RXOWRQ0DUVK1DWXUH
5HVHUYHDQG7KH:DVK
2Q WKH 5LYHU :HOODQG QHZ EULGJHV DW 'HHSLQJ /DNHV DQG RYHU WKH
0D[H\&XWZLOOH[WHQGWKHQHWZRUNWRFRQQHFWZLWKSODFHVRIKLVWRULF
LQWHUHVWDQGWKH3HWHUERURXJK0LOOHQQLXP*UHHQ:KHHO
6WULGH5LGHDQG*OLGH
6SDOGLQJDQGWKHVXUURXQGLQJZDWHUZD\YLOODJHVFRXOGRIIHUF\FOHKLUH
FHQWUHVLQDVVRFLDWLRQZLWKDQH[WHQVLRQRIWKHZDWHUWD[LDQGWULSERDW
7KHUHFHQWO\FRQVWUXFWHG)RXU0LOH%DU%ULGJH
VHUYLFH7KLVZRXOGRIIHURSSRUWXQLWLHVIRUERWKµ6WULGH5LGHDQG*OLGH¶
FRQQHFWLRQVZLWKSDUWRIWKHURXWHWDNHQE\ERDWRQIRRWRUE\ELNH
&DQRHLQJ
&DQRHLQJ LV DQ H[FHOOHQW VXVWDLQDEOH DQG KHDOWK\ ZD\ RI H[SORULQJ
WKHDUHD¶VZDWHUZD\V&DQRHKLUHFRXOGEHHVWDEOLVKHGDWµFOXVWHUVRI
DFWLYLW\¶OLQNHGWRF\FOHKLUHFHQWUHVDQGZDWHUVLGHSXEV
7KH /LQFROQVKLUH :DWHUZD\V 3DUWQHUVKLS KDV SURYLGHG VOLSZD\V RU
DFFHVV SRLQWV DW :HVW 3LQFKEHFN 6XUÀHHW DQG &URZODQG 7KHUH
DUHIXWXUHRSSRUWXQLWLHVDW*XWKUDP*RZW&URVVJDWH%ULGJH6XUÀHHW
6HDV(QGDQGDWZDWHUVLGHSXEVDORQJWKH5LYHU*OHQ2QWKH5LYHU
:HOODQGFDQRHDFFHVVVKRXOGEHSURYLGHGDW3HDNLUN'HHSLQJ/DNHV
)RXU0LOH%DUDQG6SDOGLQJ*XLGHGFDQRHFDPSLQJWUDLOVDUHSRSXODU
H[FXUVLRQVZLWKH[DPSOHVRQWKH5LYHU:\HDQGWKH5LYHU6WRXU
&DQRHDFFHVVDQGSRUWDJHURXWHVZLOOEHUHTXLUHG
DWZDWHUZD\FRQQHFWLRQSRLQWV
$FFHVV
6LJQDJHDQGLQWHUSUHWDWLRQ
*RRGFOHDUVLJQDJHLVQHFHVVDU\WRHQVXUHWKHVDIHUHVSRQVLEOHDQG
LQIRUPHGXVHRIZDWHUZD\FRUULGRUV(IIHFWLYHVLJQDJHFDQLQVWLODVHQVH
RIUHDVVXUDQFHDQGIDPLOLDULW\ZLWKLQWHUSUHWDWLRQDGGLQJFRQVLGHUDEO\
WRWKHHQMR\PHQWDQGHGXFDWLRQDOYDOXHVRIDZDONRUULGH+RZHYHU
VLJQDJHVKRXOGQRWEHFRPHLQWUXVLYH/HYHOVRILQIRUPDWLRQQHHGWREH
FDUHIXOO\EDODQFHGKLJKOLJKWLQJRSSRUWXQLWLHVUDWKHUWKDQFRQYH\LQJD
QHJDWLYHPHVVDJH
7KHUH VKRXOG EH D FRRUGLQDWHG VLJQDJH VWUDWHJ\ ZLWK D UHYLHZ RI
$Q H[DPSOH RI H[LVWLQJ VLJQDJH ZKLFK FOXWWHUV
WKLV DFFHVV SRLQW DQG FRQYH\V SXUHO\ QHJDWLYH
PHVVDJHV
H[LVWLQJVLJQDJHRQULYHUFRUULGRUSDWKVDQGWUDLOV7KHVWUDWHJ\VKRXOG
DLPWRUDWLRQDOLVHVLJQDJHDQGGHYHORSDUHJLRQDOVW\OHIRUDOOWUDLOVDQG
URXWHVWKURXJKRXWWKHVWXG\DUHD
7\SHVRIVLJQDJH

:D\PDUNHU VLJQDJH WR LQGLFDWH GHVLJQDWHG URXWHV WUDLOV DQG
FRQQHFWLRQV

,QWHUSUHWDWLYHWDFWLOHVLJQDJHDWUHVWLQJSODFHV
,QIRUPDWLYH VLJQDJH SURYLGLQJ UHFRPPHQGDWLRQV WR XVHUV RQ
VDIHW\DQGFRQVLGHUDWLRQIRURWKHUXVHUV
3XEOLFDUW
7KH GLUHFW )HQODQG WUDLOV DFURVV DW WLPHV D EOHDN ODQGVFDSH DUH
LQ QHHG RI SXQFWXDWLRQ SRLQWV ([DPSOHV RI SXEOLF DUW FDQ DFW DV
JDWHZD\V VKHOWHUV UHVWLQJ SODFHV RU WUDLOVLGH IHDWXUHV SURYLGLQJ
OHJLELOLW\ GLUHFWLRQ LQWHUSUHWDWLRQ RU SRLQWV RI LQWHUHVW 3XEOLF DUW
LQVWDOODWLRQV ZRXOG KLJKOLJKW WKH ZDWHUZD\V¶ LGHQWLW\ DQG HPSKDVLVH
ORFDOGLVWLQFWLYHQHVV
7KH/LQFROQVKLUH:DWHUZD\V3DUWQHUVKLSKDVHVWDEOLVKHGDSURJUDPPH
RISXEOLFDUWDORQJWKH:DWHU5DLO:D\RQWKH5LYHU:LWKDP6FXOSWXUHV
KDYHLQFOXGHGLQGLJHQRXVEUHHGVRIFDWWOHVKHHSDQGSLJVWRJHWKHUZLWK
DVVRFLDWLRQVZLWK7HQQ\VRQ$VLPLODUDSSURDFKVKRXOGEHXQGHUWDNHQ
IRUWKH5LYHUV:HOODQGDQG*OHQ
$QJOLQJ
$QJOLQJLVDQLPSRUWDQWDFWLYLW\DORQJWKHULYHUFRUULGRUV+RZHYHULW
LVXQGHUVWRRGWRKDYHGHFOLQHGLQUHFHQW\HDUVGXHWRDORVVRI¿VK
VWRFNVWKHULVHRI¿VKLQJODNHVDQGFKDQJHVLQFXOWXUH$QLQFUHDVHLQ
ERDWDFWLYLW\KHOSVGLVSHUVHWKH¿VKDQGDVVLVWVLQUHVWULFWLQJWKHJURZWK
RIH[FHVVDTXDWLFYHJHWDWLRQ7KHPDLQFRQFHUQVRIDQJOHUVDUHWKH
ODFN RI ¿VK VWRFNLQJ GHFOLQH LQ PDLQWHQDQFH GUHGJLQJ DQG ZHHG
FOHDUDQFH 7KH\ KRSH DQ LQFUHDVH LQ ERDWLQJ ZDONLQJ DQG F\FOLQJ
ZLOO KHOS LPSURYH ERWK ULYHU DQG EDQN PDLQWHQDQFH DOWKRXJK WKH
SRWHQWLDOIRUXVHUFRQÀLFWZLOOQHHGWREHDGGUHVVHG7KLVXQGHUOLQHV
WKH LPSRUWDQFH RI VLJQDJH DERXW UHVSRQVLEOH XVH DQG VKDULQJ RI WKH
UHVRXUFHE\GLIIHUHQWXVHUV
5LYHU3LOODU7KH:DWHU5DLO:D\
5HI2XU9LVLRQIRUWKH/LQFROQVKLUH:DWHUZD\V/:3
(QYLURQPHQWDO2SSRUWXQLWLHV
/DQGVFDSHDQG(QYLURQPHQW
,QWURGXFWLRQ
:LOGOLIHKHULWDJHDQGHFRORJ\DUHSULPDU\IDFWRUVLQWKHDWWUDFWLYHQHVV
RIWKHULYHUV'HYHORSPHQWSURSRVDOVZKLFKDLPWRHQFRXUDJHJUHDWHU
XVHRIWKHQDYLJDWLRQVIRUOHLVXUHDQGUHFUHDWLRQQHHGWRFRPSOHPHQW
PHDVXUHVZKLFKSURWHFWDQGHQKDQFHWKHHQYLURQPHQWDOUHVRXUFH

7KH:DWHU)UDPHZRUN'LUHFWLYHUHJXODWHVPRVWGHYHORSPHQWDQG
HQJLQHHULQJZRUNVDQGVKRXOGKHOSWRJXLGHSURSRVDOV

:LOGOLIHKHULWDJHDQGHFRORJ\DUHSULPDU\IDFWRUVLQ
WKHDWWUDFWLYHQHVVRIWKHULYHUV
,GHQWLI\RSSRUWXQLWLHVIRUKDELWDWHQKDQFHPHQWWKURXJKRXWWKHULYHU
FRUULGRUV

(QFRXUDJH DGMDFHQW ODQG XVH SUDFWLFHV ZKLFK ZRXOG HQKDQFH
ELRGLYHUVLW\

(QVXUHWKHELRGLYHUVLW\RIWKHULYHUVLVFRQVLGHUHGLQWKHSODQQLQJ
RIZDWHUZD\PDQDJHPHQWDQGZDWHUVLGHGHYHORSPHQWV
7KH VWXG\ RI GHYHORSLQJ µFOXVWHUV¶ RI QHZ ULYHU DFWLYLW\ DW H[LVWLQJ
FHQWUHV ZLOO KHOS WR OLPLW WKH LPSDFWV RQ WKH HQYLURQPHQW $OO QHZ
ULYHUVLGH GHYHORSPHQW VKRXOG EH VXEMHFW WR D ULJRURXV DVVHVVPHQW
RI HQYLURQPHQWDO LPSDFW WR LQFOXGH KDELWDW VXUYH\V DQG VSHFLHV
DXGLWVZLWKQHZPRRULQJVEHLQJGHYHORSHGWRLQFOXGHODQGVFDSHDQG
([DPSOHRIµVRIWHGJH¶SRQWRRQLQVWDOODWLRQ
)RUWK&O\GH&DQDO
HFRORJLFDOHQKDQFHPHQW
$EDODQFHEHWZHHQYHJHWDWLRQDQGWKHSRVLWLRQRIPRRULQJVLVQHHGHG
WR HQVXUH DGHTXDWH SURYLVLRQ IRU ERWK )ROORZLQJ EHVW SUDFWLFH LQ
GHVLJQDQGPRRULQJFRQVWUXFWLRQLWLVSRVVLEOHWRFUHDWHRSSRUWXQLWLHV
IRU KDELWDW FUHDWLRQ E\ VWDQGLQJ SRQWRRQV DZD\ IURP WKH EDQN 7KLV
DFKLHYHV D VRIW HGJH GHWDLO ZKLFK KDV D QXPEHU RI ZLGHU EHQH¿WV
DOORZLQJ PDUJLQDO YHJHWDWLRQ EHWZHHQ WKH SRQWRRQ DQG EDQN DQG
LQFUHDVLQJERDWVHFXULW\E\UHVWULFWLQJDFFHVVWRSRQWRRQV
+DELWDWHQKDQFHPHQWVFRXOGLQFOXGH

$SSURSULDWHQDWLYHSODQWLQJ

&RPELQH ZHWODQG FUHDWLRQ DQG PDULQD GHYHORSPHQW ZLWK ÀRRG
DOOHYLDWLRQPHDVXUHVLQKROLVWLFODQGVFDSHSURMHFWV

&UHDWLRQRIQHZPDUJLQDOKDELWDWDVVRFLDWHGPRRULQJVXVLQJVRIW
EDQNSURWHFWLRQWHFKQLTXHV
2SSRUWXQLWLHVIRU/DQGVFDSH(QKDQFHPHQW
7KHIROORZLQJPHDVXUHVVKRXOGEHFDUULHGRXWZLWKLQWKHFRQWH[WRIWKH
PRUHH[WHQVLYH)HQODQG:DWHUZD\QHWZRUN
2SSRUWXQLW\ WR FUHDWH D PRUH ELRGLYHUVH ULYHU
FRUULGRUDORQJWKH0DFPLOODQ:D\
$µ*UHHQ¶'HYHORSPHQW)UDPHZRUN
2SSRUWXQLWLHVIRUHQKDQFHPHQWDQGPLWLJDWLRQDVVRFLDWHGZLWKVSHFL¿F
GHYHORSPHQWRIULYHUUHODWHGDFWLYLW\VKRXOGEHDVVHVVHGLQWKHFRQWH[W
RIWKHZKROHRI6RXWK+ROODQG'LVWULFWDVZHOODVWKHULYHUFRUULGRUV7KH
QHWZRUNRIKDELWDWVDQGJUHHQOLQNVLVDQLPSRUWDQWSDUWRIGHYHORSLQJ
ZLOGOLIH DQG UHFUHDWLRQ LQ WKH UHJLRQ 7KLV PD\ WDNH WKH IRUP RI
PRUSKRORJLFDO LPSURYHPHQWV WR FKDQQHO SUR¿OHV UHFRQQHFWLQJ ULYHUV
WRWKHLUÀRRGSODLQVLQFRUSRUDWLQJ¿VKUHIXJHVLQWRSURSRVHGVWUXFWXUHV
DQG¿VKSDVVDJHVWRFRQQHFWULYHUVWRVLGHFKDQQHOV
7KH5LYHUDQG'UDLQDJH1HWZRUN¶V5ROHDV6WUDWHJLF*UHHQ/LQNV
7KH5LYHUV:HOODQG*OHQDQGDVVRFLDWHGGUDLQVDFWDVµJUHHQULEERQV¶
RQ ZKLFK WR WKUHDG RWKHU VHPLQDWXUDO KDELWDWV (QKDQFLQJ JUHHQ
OLQNDJHVZLWKWKHULYHUFRUULGRUVZLOOKHOSWRGLYHUVLI\WKHODQGVFDSH¶V
HFRORJLFDO SRWHQWLDO DQG SURYLGH VKHOWHU EHOWV DORQJ WKH WUDLOV DQG
URXWHVRIWKHDUHD7KLVFDQEHDFKLHYHGE\HQFRXUDJLQJDJULFXOWXUDO
SUDFWLFHVWRUHHVWDEOLVKKHGJHURZVQDWLYHZRRGODQGSODQWLQJLQ¿HOG
FRUQHUV ZHW ZRRGODQG DQG FRQWULEXWH WR WKH :DVK DQG )HQV *UHHQ
,QIUDVWUXFWXUH3URMHFWDQG6RXWK/LQFROQVKLUH)HQODQGV3DUWQHUVKLS
7KH LQWHUYHQWLRQ RI WKH SURSRVHG LQFUHDVH LQ WKH WUDLO QHWZRUN RQ
OLQH PRRULQJV QHZ PDULQDV DQG WKH DQWLFLSDWHG GHYHORSPHQW RI WKH
ERDWLQJ QHWZRUN ZLOO QHHG WR PLQLPLVH GLVWXUEDQFH WR ZLOGOLIH 7KH
GHWDLOHGSODQQLQJRIWKHVHDUHDVDQGWKHLUIXWXUHPDLQWHQDQFHVKRXOG
DLPWRPDNHDSRVLWLYHFRQWULEXWLRQWRKDELWDWVDQGHFRORJ\RIWKHDUHD
7KH,PSDFWRI,QFUHDVHG%RDW1XPEHUV
7KHLPSDFWRILQFUHDVLQJERDWWUDI¿FLVOLNHO\WRKDYHDQHIIHFWRQWKH
ULYHUV¶ HFRORJ\ PRQLWRULQJ ZLOO EH QHFHVVDU\ WR GHWHUPLQH LWV LPSDFW
RQWKHHFRORJLFDOVWDWXVRIWKHULYHUV$ORZOHYHORIWUDI¿FKDVEHHQ
VHHQ WR LQFUHDVH ELRGLYHUVLW\ E\ NHHSLQJ WKH FKDQQHO RSHQ IRU WKH
JUHDWHVWUDQJHRIKDELWDWVZKLOVWDKLJKOHYHORIWUDI¿FKDVDQHJDWLYH
LPSDFW0XUSK\:LOE\(DWRQµ(FRORJLFDO,PSDFWVDQG0DQDJHPHQWRI
%RDW7UDI¿FRQ1DYLJDEOH,QODQG:DWHUZD\V¶7KH$VVRFLDWLRQ
RI ,QODQG 1DYLJDWLRQ $XWKRULWLHV $,1$ KDV UHTXHVWHG IXUWKHU
GHWDLOHG UHVHDUFK RQ WKH HIIHFWV DQG SRVVLEOH PLWLJDWLRQ PHDVXUHV
µ6DIHJXDUGLQJ WKH :DWHUZD\ (QYLURQPHQW ± 3ULRULWLHV IRU 5HVHDUFK¶
$,1$$SULO
)XUWKHUUHVHDUFKLVQHHGHGWRDVVHVVWKHSDUWLFXODUFKDUDFWHULVWLFVRI
ERWK WKH ÀXYLDO DQG WLGDO ULYHUV DQG WKH W\SHV RI FUDIW ZKLFK ZLOO XVH
WKHPLQSDUWLFXODUWKHLUPHWKRGVRISURSXOVLRQDQGKXOOVKDSH
/RZLPSDFWERDWLQJ
7RUHGXFHWKHLPSDFWVRILQFUHDVHGERDWWUDI¿FWKHIROORZLQJPHDVXUHV
VKRXOGEHDGGUHVVHG

µ1DYLJDWH ZLWK 1DWXUH¶ LQLWLDWLYH LV VWURQJO\ IRFXVHG RQ
HQYLURQPHQWDOO\UHVSRQVLEOHFDQDOERDWLQJDQGFRYHUVLVVXHVIURP
RLO\ ELOJH ZDWHU DQG NLWFKHQ ZDVWH WR WKH VSHHG RI WUDYHO QRLVH
GLVWXUEDQFHDQGWKHLPSDFWRIZDVKRQWKHZDWHUZD\EDQNV

$ PRRULQJV SROLF\ ZKLFK GHVLJQDWHV UHDFKHV IRU ZLOGOLIH ZKHUH
PRRULQJ LV SURKLELWHG KDV EHHQ WUDLOHG VXFFHVVIXOO\ RQ WKH
2[IRUG &DQDO +HUH ERDW QXPEHUV DQG PRYHPHQWV IDU H[FHHG
WKRVHEHLQJSURSRVHGIRUWKH5LYHU:HOODQGDQG5LYHU*OHQ7KH
VKDOORZ ULYHU SUR¿OH FORVH WR WKH EDQNV ZLOO DVVLVW WKLV SURSRVDO
DOORZLQJPRRULQJVWREHGHYHORSHGDWNH\ORFDWLRQV

1HZ KLUH ÀHHWV DQG IUHLJKW YHVVHOV GHVLJQHG WR UHGXFH WKHLU
HQYLURQPHQWDOLPSDFWVZKHUHSRVVLEOHSDUWLFXODUO\KXOOVKDSHDQG
SURSXOVLRQ 7KLV DVSLUDWLRQ FRXOG EH WKH GULYHU IRU D GLVWLQFWLYH
)HQODQGFUDIWHQKDQFLQJWKHGLVWLQFWLYHQHVVRIWKHVHZDWHUZD\V
(OHFWULF%RDWV
7KH6SDOGLQJ:DWHU7D[LVHUYLFHUXQVDÀHHWRIIRXUHOHFWULFERDWV7KH
DGYDQWDJHV RI HOHFWULF SURSXOVLRQ DUH ERDWV DUH TXLHW EULQJLQJ \RX
FORVHUWRZLOGOLIHRQHRIWKHPDLQDVVHWVRIWKHULYHUVFOHDQHUUHGXFLQJ
SROOXWLRQRQWKHZDWHUZD\QRHPLVVLRQVRURLOGLHVHOFRQWDPLQDWLRQRI
ELOJH ZDWHU 1DUURZ ERDWV DUH ZHOO VXLWHG WR HOHFWULF SURSXOVLRQ GXH
WR WKHLU ORZ VSHHGV ORQJ WKLQ KXOO VKDSH DQG WKHLU FDUU\LQJ FDSDFLW\
IRUEDWWHULHV7KHGHSWKVRIULYHUQDYLJDWLRQVDUHXVXDOO\JUHDWHUWKDQ
FDQDOVZKLFKLVDQDGYDQWDJHDVWKHJUHDWHUWKHGHSWKRIZDWHUWKH
7KH 6SDOGLQJ :DWHU 7D[L¶V ÀHHW PRRUHG DW WKHLU
FKDUJLQJSRLQWDWWKH:HOODQG\DFKW&OXE
OHVV GUDJ RQ WKH KXOO DOORZLQJ IRU JUHDWHU HI¿FLHQF\ 7KLV KDV WR EH
EDODQFHGDJDLQVWWKHVWUHQJWKRIÀXFWXDWLQJULYHUÀRZVDQGVWUHDPV
7KHUH DUH KRZHYHU PDQ\ H[DPSOHV RI VXFFHVVIXO HOHFWULF ERDWV
RSHUDWHG HOVHZKHUH WKH /DNH 'LVWULFW WKH 5LYHU 7KDPHV DQG WKH
1RUIRON%URDGVZLWKH[DPSOHVRIHOHFWULFZLGHEHDPFODVVURRPERDWV
LQ/RQGRQDQG%LUPLQJKDP
$V\VWHPRIHOHFWULFFKDUJLQJSRLQWVVKRXOGEHGHYHORSHGDFURVVWKH
ZKROH RI WKH )HQV :DWHUZD\ QHWZRUN 7KLV FRXOG EH YLDEOH IRU KLUH
ERDWVDVFUXLVLQJGLVWDQFHVFDQEHSUHGLFWDEOH,QVWDOODWLRQRIFKDUJLQJ
SRLQWVFRXOGEHLPSOHPHQWHGJUDGXDOO\WKURXJKQHZGHYHORSPHQWVDQG
5LYHUWULSVDUHDQLPSRUWDQWZD\RIKLJKOLJKWLQJWKH
DWWUDFWLYHQHVVRIDZDWHUZD\FRUULGRU
6WUDWIRUG8SRQ$YRQ
EXLOGLQJRQ6SDOGLQJ¶VH[LVWLQJHOHFWULFZDWHUWD[LVHUYLFH
6RODUSRZHUHGHOHFWULFERDWVZKLFKGRH[LVWHJWKH5LYHU7KDPHV
FRXOG EH D VWHS IXUWKHU WR ]HUR &2 HPLVVLRQ 'LHVHO HOHFWULF ERDWV
DUHDFRPSURPLVHVROXWLRQZKHUHDGLHVHOJHQHUDWRULVXVHGWRSRZHU
DQ HOHFWULF PRWRU 7KH DGYDQWDJH RI WKLV PHWKRG LV WKDW ERDWV DUH
DEOH WR FKDUJH WKHPVHOYHV ZLWKRXW WKH QHHG IRU EDQN VLGH FKDUJLQJ
SRLQWV(OHFWULFERDWLQJLVDSRWHQWLDORSWLRQZLWKERDWOLFHQFHVEHLQJ
GLVFRXQWHGIRUHOHFWULFDOO\SRZHUHGFUDIW
(OHFWULF%RDWV&DVH6WXG\
&DVWOH 1DUURZERDWV LQ 0RQPRXWKVKLUH :DOHV UXQ WZR HOHFWULFDOO\
SRZHUHG IRRW QDUURZ ERDWV RQ WKH 0RQPRXWKVKLUH DQG %UHFRQ
&DQDO$VWKLVFDQDOLVQRW\HWMRLQHGWRWKHPDLQQHWZRUNFUXLVLQJLV
FRQWDLQHGLQWKHPLOHVWUHWFKIURP%UHFRQDQG3RQW\SRRO&KDUJLQJ
ER[HV DUH DFFHVVLEOH ZLWK D NH\ DW GHGLFDWHG RYHUQLJKW PRRULQJV
2YHUQLJKW FKDUJLQJ PDNHV XVH RI WKH FKHDSHU UDWH HOHFWULFLW\ DQG
SURYLGHVYROWSRZHUIRURWKHUDSSOLDQFHVRQWKHERDW
([DPSOH RI &DVWOH 1DUURZERDWV HOHFWULF SRZHUHG
FUDIWRQWKH0RQPRXWKVKLUHDQG%UHFRQ&DQDO
+XOO'HVLJQ
:LWKWKHH[SHFWHGQXPEHUVRIQHZERDWVDKXOOGHVLJQZKLFKLVPRUH
HI¿FLHQWDQGUHGXFHVZDVKVKRXOGEHLQYHVWLJDWHG
'UHGJLQJ'HEULV5HPRYDODQG/LWWHU&OHDUDQFH
([SORUH RSSRUWXQLW\ IRU SURYLVLRQ RI D SXUSRVHEXLOW OLWWHU FROOHFWLRQ
YHVVHO DV SDUW RI D ZLGHU SDUWQHUVKLS OLWWHU FOHDQ XS FDPSDLJQ 7KH
SRWHQWLDOH[LVWVIRUDKLJKO\GLVWLQFWLYHDQGFRQWHPSRUDU\ERDWGHVLJQ
VSHFL¿FDOO\IRUOLWWHUFOHDUDQFHUHF\FOLQJDQGGHEULVUHPRYDO([DPSOHV
RIVXFKERDWVRQRWKHUZDWHUZD\VDUHHOHFWULFDOO\SRZHUHG
$ GHEULV DQG OLWWHU PDQDJHPHQW VFKHPH VKRXOG EH ODXQFKHG LQ
SDUWQHUVKLS ZLWK WKH ORFDO FRPPXQLW\ DQG WKH /LQFROQVKLUH :LOGOLIH
([DPSOHRIOLWWHUDQGSROOXWLRQFRQWUROERDW
5LYHU7DZH6ZDQVHD
7UXVWWRHQVXUHWKHYHVVHOLVXVHGHIIHFWLYHO\
µ:DWHU:DWFK¶&DPSDLJQ
6WHS XS SDUWQHUVKLS WR IXUWKHU GHYHORS WKH :DWHU :DWFK &DPSDLJQ
DQG IXQGLQJ RSSRUWXQLWLHV 7KH &DPSDLJQ¶V DLP LV WR EULQJ DERXW
D VXVWDLQDEOH UHGXFWLRQ RI OLWWHU DQG GHEULV LQ WKH FDQDOV ULYHUV DQG
ZDWHUFRXUVHV
µ:DWHUPDUN¶$ZDUG
6WHSXSSDUWQHUVKLSWRIXUWKHUHQFRXUDJHORFDOZDWHUVLGHEXVLQHVVHV
WR SURWHFW DQG LPSURYH WKHLU ZDWHU IURQWDJH 7KH :DWHUPDUN$ZDUG
VFKHPHJLYHVUHFRJQLWLRQWREXVLQHVVHVWKDWSURWHFWDQGLPSURYHWKH
ZDWHUVLGHDQGWDNHDFWLRQWRLPSURYHWKHTXDOLW\RIFDQDOVULYHUVDQG
ZDWHUFRXUVHV
:DWHU5HVRXUFHV
:DWHU UHVRXUFHV ZLWKLQ WKH VWXG\ DUHD DUH YLWDOO\ LPSRUWDQW WR
DJULFXOWXUH7KHUHLVDFRQFHQWUDWLRQRIZDWHUDEVWUDFWLRQOLFHQFHVIRU
VSUD\LUULJDWLRQLQWKHDUHD7KHVXSSO\RIZDWHUWRPDLQWDLQWKHUHVRXUFH
WRVHUYLFHDJULFXOWXUDOUHTXLUHPHQWVWRJHWKHUZLWKWKHGHYHORSPHQWRI
WKH )HQV :DWHUZD\ /LQN QHHGV WR LQYHVWLJDWHG LQFRQMXQFWLRQ ZLWK
$QJOLDQ :DWHU¶V :DWHU 5HVRXUFHV 0DQDJHPHQW 3ODQ DV SDUW RI WKH
):/GHYHORSPHQW
:DWHU4XDOLW\
:DWHU TXDOLW\ LV DQRWKHU IDFWRU LQÀXHQFLQJ WKH SRWHQWLDO RI WKH ULYHUV
DQGZDWHUZD\V

3URSRVDOV ZKLFK SUHVHQW QHZ RSSRUWXQLWLHV IRU PL[LQJ RI ZDWHU
TXDOLWLHVVKRXOGEHFDUHIXOO\FRQVLGHUHG

7KH PDQDJHPHQW RI H[LVWLQJ GLVFKDUJHV VKRXOG EH KLJKOLJKWHG
7KLVLVLPSRUWDQWZKHUHRXWIDOOVPD\EHVXEPHUJHGDQGRUZKHUH
GLOXWLRQÀRZVPD\EHDIIHFWHGE\DQ\SURSRVDOV

7KH SUHVHQFH RI DQ\ &RPELQHG 6HZHU 2YHUÀRZV &62V LV DQ
LPSRUWDQW FRQVLGHUDWLRQ 7KLV LV RI SDUWLFXODU UHOHYDQFH WR WKH
SURSRVHGVLWLQJRIDQ\PDULQDV

7HVWVZLOOQHHGWREHFDUULHGRXWWRHQVXUHWKHZDWHULVVXLWDEOHIRU
LPPHUVLRQVSRUWV