Spyglass Ridge LIHTC Marketing Analysis

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F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 0

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@yoyst

^|agissa| M|hsthei Fyffi|tD|irik Yehwi|shtx44

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T`lki ag Caetiets

Iricythwi Syff`|x 4

^batao|`~bs ag Syljict ^|a~i|tx 7

@ssyf~thaes `ed Khfhtheo Caedhthaes 2

Sca~i ag tbi @sshoefiet 8

\iohae`k Disc|h~thae 0>

Eihobla|baad a| ^|hf`|x F`|mit @|i` "^F@( Disc|h~thae 07

Shti Disc|h~thae

Sy~~kx @e`kxshs 49

C`~ty|i \`ti Diwika~fiet 4?

Ci|thghc`thae 42

@ddiedyf 48

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 3

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Iricythwi Syff`|x

H% Tbi Syljict ^|a~i|tx:

Tbi syljict ~|a~i|tx hs `e irhstheo 2> yeht caf~kir+ tb`t caeshst ag ta `ed tb|ii

lid|aaf gk`ts `ed tae&bafis% 0> hkk li tbi ghe`k caf~kh`eci xi`| `s ` kahecafi ~|a~i|tx% Tbi lyxi| hetieds ta |ib`lhkht`ti tbi caffyehtx ysheo ei KaHecafi Baysheo T r C|idhts%

Accy~`ecx hs khfhtid ta tbasi tb`t `|i 7>) a| kiss ag tbi fidh e hecafi ga| tbi`|i`%

Tbi syljict ~|a~i|tx hs s~|i`d awi| 07%92 `c|is ysheo 0> lyhkdheos% Ht hs htbhetbi Khecake Chtx chtx khfhts+ b`s i`sx f`ss t|`esht `cciss `ed hs htbhe i`sx`cciss ta kac`k sba~~heo cieti|s+ scbaaks `ed fidhc`k si|whcis%

Tbi Syljicts @fiehthis:

Tbi yehts t tbi syljict ~|a~i|tx `|i l`shc htb st`ed |d `fiehthis heckydheo|`eoi!awie+ |ig|hoi|`ta| `ed dhsb`sbi|%

Caffyehtx `fiehthis heckydi ` caffyehtx cieti|+ caffyehtx o`|die `ed~k`xo|ayed%

HH% F`|mit @|i` ! Icaeafx

S~xok`ss \hdoi hs caest|yctid he Khecake Chtx+ A|ioae+ kiss tb`e < fhkis g|af tbichtx cieti|%

Sheci 0882+ tbi ~a~yk`thae ga| tbi cayetx b`s liie g h|kx st`lki `t |ayed49+>>>+ baiwi| ht hs ir~ictid ta o|a ta 9>+>>> lx %

Yeif~kaxfiet b`s liie st lki dy|heo tbi s`fi ~i|had+ st`|theo he 0882+ lyt htb`s liie wi|x yest`lki% @t tbhs thfi ht hs tbi bhobist tbi cayetx b`s siie he 0>xi`|s `t awi| 0>)%

HHH%Caf~iththwi \iet`k F`|mit

Fast ~|a~i|this he tbi |i` b`wi `|ayed ` 9) w`c`ecx |`ti htb tbi ikkf`e`oid ~|a~i|this `cbhiwheo ckasi| ta 3) ta 4) w`c`ecx% Tbhs hs daei htbkhttki ta ea caecisshaes `s tbi f`|mit ~k`ci b`s st`|tid ta st`lhkhzi%

Tbi|i b`s eat liie `e `gga|d`lki caffyehtx lyhkt he tbi Khecake Chtx `|i` shecitbi caf~kithae ag Li`cae C|ist he 0889 iwie tbayob ` |i~a|t |httie he >7hedhc`tid tbi eiid ga| `e ddhthae`k > yehts lx 0

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HW% Iw`ky`thae ag tbi ^|ajict

S~xok`ss \hdoi he eiid ag |i~ h|+ by|theo hts cy|l `~~i`k+ ed hs eat caf~`|`lkita ta ag tbi caf~`|`lkis dyi ta tbhs%

Tbi syljict ~|a~i|tx dais aggi| shfhk | `fiehthis ta latb hts Caewiethae`k `ed

@gga|d`lki "Ka Hecafi( caf~ithta|s% Tbi yeht shzis `|i shfhk`| ta atbi| caffyehthis he tbi `|i`% Tbi Jykx >8 |iwhi ag tbi syljict ~|a~i|tx eatid tbi eiid ag $

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^batao|`~bs ag Syljict ^|a~i|tx

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 7

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F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi ?

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@ssyf~thaes `ed Khfhtheo Caedhthaes

Tbhs |i~a|t ohwis ` l|hig st`tifiet ag tbi f`he ~ahets ag tbi syljict ~|a~i|tx% Iesyheo hs` khst ag s~ichghc `ed oiei|`k `ssyf~thaes tb`t bik~id oyhdi tbhs `e`kxshs% Tbix heckydi:

Tbi |i~a|t gacysis ae ` oiei|`k iw`ky`thae ag tbi f |mit `ed hs eat hetiedid taiw`ky`ti tbi ghe`ech`k gi`shlhkhtx ag tbi ~|ajict% Tbi ghe`ech`k gi`shlhkhtx hs lixaedtbi sca~i ag tbhs `e`kxshs%

Tbhs |i~a|t hs |httie ga| ysi `s ` ck`ss ~|ajict ga| \I@K 9?< "@dw`ecid F |mit\isi`|cb ' @e`kxshs( `ed hs eat hetiedid ga| `ex atbi| ysis%

Tbi |i~a|t ssyfis tbi ~|ajict hkk caetheyi ta si|wi tbi baysheo eiids agbaysibakd hecafis lika 7>) ag tbi fidh`e hecafi `ed tb`t tbi Sicthae 2caet|`ct caetheyis hedighehtikx%

Tbi |hti| `ssyfis ea |is~aeshlhkhtx ga| f`tti|s kio`k he cb`|`cti|+ ea| dais bi|iedi| `ex a~hehae `s ta thtki+ bhcb hs `ssyfid ta li f`|mit`lki% @kk irhstheokhies+ iecyfl|`ecis+ `ed `ssissfiets b`wi liie dhs|io`|did+ yekiss

atbi|hsi eatid+ `ed tbi ~|a~i|tx hs `e`kxzid `s tbayob g|ii `ed cki`|+ yedi||is~aeshlki aei|sbh~+ `ed caf~itiet f`e`oifiet% Tbhs heckydis eaiec|a`cbfiets+ zaeheo+ a| |ist|hcthwi whak`thaes irhstheo he tbi syljict ~|a~i|tx%

Irbhlhts b`wi liie heckydid ta bik~ `sshst tbi |i`di| he whsy`khzheo tbi ~|a~i|tx%Ea sy|wix ag tbi ~|a~i|tx b`s liie daei `ed tbi |hti| ag tbhs |i~a|t `ssyfis ea|is~aeshlhkhtx he caeeicthae htb sycb f`tti|s%

Tbhs |i~a|t dais eat cawi| `ex iewh|aefiet`k `~~|aw`ks a| caeci|es% Hega|f`thae ~|isietid he tbhs |i~a|t b`s liie alt heid g|af |ikh`lki say|cis+ `ed

ht hs `ssyfid tb`t tbi hega|f`thae hs `ccy|`ti% Tbhs |i~a|t sb`kk li ysid ga| hts hetiedid ~y|~asi `ed aekx lx tbi ~`|this ta

baf ht hs `dd|issid% ^assisshae ag tbi |i~a|t dais eat heckydi tbi |hobt ag~ylkhc`thae%

Eihtbi| `kk+ ea| `ex ~`|t+ ag tbi caetiets ag tbhs |i~a|t sb`kk li caewixid ta tbi~ylkhc tb|ayob `dwi|thsheo+ ~ylkhc |ik`thaes+ eis+ s`kis+ a| atbi| fidh` htbayttbi |httie caesiet a| `~~|aw`k ag tbi `ytba|% Tbhs `~~khis ~`|thcyk`|kx ta |i~a|tcaeckyshaes `ed ta tbi hdiethtx ag tbi f`|mit `e`kxst+ `ed tbi ~i|sae ba |atiht%

Ht hs `ssyfid tb t tbi|i hkk li ~|agisshae`k f`e`oifiet `ed tbi|i hkk li `e`dipy`ti |i~`h| `ed f`hetie`eci ~|ao|`f%

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 2

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Sca~i ag tbi @sshoefiet

Tbi aljicthwi ag tbhs `e`kxshs hs ta iw`ky`ti tbi syljict ~|a~i|tx ta diti|fhei hg tbisy~~kx `ed dif`ed caedhthaes `||`et tbi diwika~i|s ~|a~as`k ga| |ib`lhkht`thae ag tbicaf~kir% Tbhs |i~a|t dais eat cawi| `ex ghe`ech`k gi`shlhkhtx ag tbi caf~kir+ lyt |`tbi|

gacysis ae tbi f`|mitheo `ed caffyehtx eiid ag tbi tbhs KHBTC ~|ajict%

@e`kxshs a|m daei he tbi |i~a|t hkk li ysid ta diti|fhei 4>) ag tbi o|`di tbi `ytba|hkk |icihwi he tbi \I@K 9?< "@dw`ecid F`|mit \isi`|cb ' @e`kxshs( ck`ss% Eaei agtbhs |i~a|t hkk li ysid ga| `ex atbi| |i`sae+ heckydheo liheo ysid `s ~`|t ag ` ~k`eeheo`~~|aw`k `ed!a| ghe`echeo |ipyists ga| tbi ~|a~i|tx%

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 8

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\iohae`k Disc|h~thae

Khecake Chtx sikks ta awi| 3>+>>> ~ia~ki dy|heo ~i`m syffi| tay|hst si`sae g|af tbi~i|f`eiet ~a~yk`thae ag 2+>77 ~ia~ki `s ag >2% Ag tbi 2>77+ ?839 khwi he tbi y|l`e`|i` ag tbi chtx `ed 030 khwi he tbi eae&g`|f |y|`k `|i` ag tbi chtx% Sheci 088> tbi

~a~yk`thae b`s hec|i`sid lx

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Tbi fidh`e `oi he Khecake Chtx `t 40%2 xi`|s akd+ hs bhobi| tb`e tb`t ag tbi st`ti`wi|`oi% Tbhs c`e li `tt|hlytid ta tbi caffyehtx liheo ` ~a~yk`| |ith|ifiet kac`thae%

Tbi Khecake Chtx Cb`fli| ag Caffi|ci st`tis tb`t gay| f`ja| if~kaxi|s ag tbi chtxheckydi Tbi Caegidi|`tid T|hlis ag Shkitz+ ba |ye tbi Cbheaam _heds C`shea `t tbiEa|tbi|e ied ag tbi chtx+ tbi Khecake Chtx Oawi|efiet+ Khecake Cayetx Scbaak Dhst|hct`ed tbi S`f`|ht`e Ea|tb Khecake Bas~ht`k% A|ioae If~kaxfiet Di~`|tfiet sbastb`t

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F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 0

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F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 03

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F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 04

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Sheci tbi 08?>s |i`k `ois b`wi dickheid bhki baysheo ~|hcis hec|i`sid he tbi cayetx%Tbi Caesyfi| ^|hci Hedir "C^H( b`s kiwikid ayt ta li ipy`k ta tb`t ag tbi cayet|x `s `baki `t 0%0 ta 0%7 he >2 `s caf~`|id ta ~|ha| xi`|s bie ht `s bhobi|tb|ayobayt A|ioae% Tbi|i `|i ea hedhc`ta|s st`theo tb`t tbhs hkk cb`eoi htbhe tbi xi`|s`bi`d%

Tbi|i hs ea aei if~kaxi| tb`t tbi |ishdiets fyst |ikx ae+ lyt f`ex hkk |ikx ae tbis`fi sicta|+ Kihsy|i `ed Bas~ht`khtx% Tbi eiid ga| sylshdhzid baysheo hkk hec|i`si hetbi `|i` dyi ta tbi o|aheo eyfli| ag ~ia~ki fawheo heta tbi chtx `ed tbi Kihsy|i `edBas~ht`khtx hedyst|x+ aei bhcb hs meae ga| ~`xheo `t a| ei`| fhehfyf `oi+ liheo tbisicaed g`stist o|aheo sicta| he tbi `|i` awi| tbi eirt ihobt xi`|s%

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 09

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Eihobla|baad a| ^|hf`|x F`|mit @|i` "^F@(Disc|h~thae

Tbi syljict ~|a~i|tx hs kac`tid he ` |ishdieth`k eihobla|baad htb fhddki ck`ss bafis

`ed aei atbi| sylshdhzid ~|a~i|tx ei`| lx% Tbil`cmshdi `ed ea|tb shdi ag tbi ~|a~i|txg`ci ` ga|ist `|i` bhki tbi saytb shdig`cis tbi kac`k bhob scbaak `ed tbi istshdi g`cis tbi kac`k bafis% Tbhseihobla|baad b`s ~|awie ta li `syccissgyk `|i` ga| tbi caffyehtx dyi tatbi i`sx `cciss ta f`ja| tba|ayob g`h|`ed f`ss t|`esht sta~+ bhcb hs kiss tb`eaei lkacm ``x%

Tbi shzi `ed sca~i ag tbi tae `kka ga|i`sx `cciss ag `kk |ishdiets ta kac`kif~kaxi|s tbayob tbi `wi|`oi fi`et|`wik thfi ta a|m hs 07%? fheytis%If~kaxi|s `|i sc`tti|id y~ `ed dae tbi f`ja| tba|ayob g`h|+ ^CB "^`chghc Ca`stBhob`x( f`mheo if~kaxfiet ga| tbi |ishdiets ea dhggi|iet tb`e tb`t ag tbi awi|`kkcaffyehtx% Tbi|i hs ea `ethch~`tid cb`eoi tb`t hkk hf~`ct if~kaxfiet+ hecafi a|~a~yk`thae he tbi `|i` he tbi eirt 9 xi`|s%

Tbi eihobla|baad hs f`|mit`lki `s ht hs kac`tid l`cm g|af tbi f`he bhob`x he ` si|ieiga|ist khmi sittheo htb ehci fhddki ck`ss bafis sc`tti|id tb|ayobayt% Tbi f`ja|

d|`l`cm hs oittheo ~|as~icts ta eathci tb`t ht hs `w`hk`lki sheci ht hs eat ae ` st|iit tb`tb`s fycb t|`gghc% _bie accy~`ecx hs `e hssyi+ st|aeo aytshdi f`|mitheo hkk lieiciss`|x% Tbhs sbaykd heckydi st|iit shoes g|af tbi bhob`x ~ahetheo ayt tbicaffyehtx `ed `dwi|thsheo he kac`k ~`~i|s `ed ilshtis% Tbi eihobla|baad htsikgsbaykd eat diti| ~ia~ki g|af caeshdi|heo tbisi bafis%

I`stshdi ag Syljict ^|a~i|tx

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 07

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Tbi caffyehtx hs ` sba|t >%4 fhkis ta A|ioae Ca`st Bhob`x+ tbi f`ja| tba|ayob g`h|y~ `ed dae tbi ca`st khei he A|ioae `ed >%7 Fhkis ta tbi A|ioae li`cb% Ta atbi|f`ja| `tt|`cthaes+ tbi T`eoi| Aytkit F`kk+ `ed Diwhks K`mi St`ti \ic|i`thae @|i` `|ikiss tb`e 3 fhkis Ea|tb% F`ja| A|ioae chthis ei`|lx heckydi @sta|h` `t 049 fhkis+ Lied`t 028 fhkis+ Ca|w`kkhs `t ?4 fhkis+ Iyoiei `t 0

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!SAY\CI: Khecake Chtx Oawi|efiet

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 02

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!SAY\CI: ^`ykeakk%caf

Diwhks K`mi St`ti \ic|i`thae @|i`

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 08

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S`f`|ht`e Ea|tb Khecake Bas~ht`k+ `t 3>43 EI

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Khecake ^ylkhc Scbaak Dhst|hct si|whcis tbi syljict ~|a~i|tx% Tbi bhob scbaak+ T gt Bhob+iecaf~`ssis ?tb tb|ayob 0 S~xok`ss \hdoi SI% 98) ag tbi stydiets `|i ikhohlki ga|dhscayetid!g|ii kyecb% Tbi A@MS sca|is "st`ed`|dhzid tistheo ga| `kk stydiets |ipyh|idlx tbi Ea Cbhkd Kigt Libhed @ct( ga| tbi stydiets `|i ikk lika tbi st`ti `wi|`oi% Tbi

ka A@MS sca|i `ed ~aa| ti`cbi| ta stydiet |`tha hs ` |i`sae ScbaakDhooi|%caf |`tistbi scbaak

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T`gt Ikifiet`|x Scbaak+ htb 327 stydiets+ idyc`tis mhedi|o`|tie tb|ayob 7tb o|`distydiets `ed hs kiss tb`e 0!< fhki ``x `t 4>4> Bhob Scbaak D|% ??) ag tbi stydiets`|i ikhohlki ga| dhscayetid!g|ii kyecb% Tbi A@MS sca|is "st`ed`|dhzid tistheo ga| `kkstydiets |ipyh|id lx tbi Ea Cbhkd Kigt Libhed @ct( ga| tbi stydiets `|i lika tbi st`ti`wi|`oi% Tbi ka A@MS sca|i `ed ~aa| ti`cbi| ta stydiet |`tha hs |i`sae

ScbaakDhooi|%caf |`tis tbi scbaak 790st ayt ag ?0> scbaaks he A|ioae%

!SAY\CI: ScbaakDhooi|%caf

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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Cakkiois!yehwi|shthis htb awi| >> stydiets ei`|ist ta Khecake Chtx heckydi:0% _isti|e A|ioae Yehwi|shtx `layt 37 fhkis i`st he Faefaytb htb 4+8 gykk&

thfi stydiets%4 gykk&thfi

stydiets%

3% _hkk`fitti Yehwi|shtx layt 94 fhkis i`st he tbi c`~htak ag tbi st`ti S`kif htb

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Tbi syljict ~|a~i|tx hs kac`tid he e i`shkx `ccisshlki+ ikk mi~t eihobla|baad% Katist sca|is `ed |`theos g|af kac`k scbaaks `|i tbi aekx f`ja| d|` l`cms% Tbi|i sbaykdli khfhtid f`|mit`lhkhtx hssyis bhcb sbaykd f`mi ht ` ikk |icihwid kac`thae ga| f`ex%

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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Shti Disc|h~thae

S~xok`ss \hdoi hs kac`tid ae ta shtis+ 39 `ed 399> SI B`|la| D|hwi he Khecake Chtx%Tbi ~`|cik eyfli|s ga| tbi ta shtis `|i A\

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!SAY\CI: Khecake Cayetx Di~t% ag ^k`eeheo `ed Diwika~fiet

Tbi|i `|i 0> lyhkdheos bhcb heckydi 2 baysheo+ 0 caffyehtx lyhkdheo `ed 0 t|`sbcaf~`cta|!sta|`oi lyhkdheo `|i s~|i`d awi| 07%92 `c|is% I`cb baysheo st|ycty|i b`s

0> yehts he ihtbi| ` < a| 3 sta|x st|ycty|i% Tbi|i i|i 07> ~`|mheos s~`cis+ baiwi|tbhs b`s liie |idycid dyi ta tbi |icxckheo laris t`mheo fykth~ki kac`thaes%

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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\icxckheo Lhes he ^`|mheo S~`cis

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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Ysheo tbi GkaadSf`|t%oaw ilshti+ latb ~|a~i|this b`wi liie ` f`|mid `s ka |hsm ga|gkaad iwie dy|heo ` Tsye`fh% Ga| ` Tsye`fh tbi chtx ~|awhdis tbi eiciss`|x `|eheos`ed tbi ei`|ist sbikti| hs kiss tb`e < lkacms ``x `t tbi kac`k bhob scbaak% Tbi~|a~i|tx hs kac`tid ae bhob o|ayed `ed hs caeshdi|id ` s`gi kac`thae dy|heo ` Tsye`fh%

!SAY\CI: Khecake Chtx

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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Tbi ti||`he b`s liie kiwikid ayt ga| tbi baysheo tb`t irhsts tbi|i `s ht hs e`ty|`kkx ` bhkkxti||`he% Sheci tbi shti `k|i`dx irhst ed ea `ddhthae`k yehts hkk li ~k`cid `t tbi kac`thae+tbi|i hkk li ea `ddhthae`k casts `tt|hlytid ta kiwikheo tbi k`ed ga| lyhkd ayt+ f`mi `cb`eoi ta `ex cy||iet ythkhtx cciss+ a| ` eiid ta cb`eoi irhstheo zaeheo% Tbi ~|a~i|tx

b`s ea diid |ist|hcthaes `t tbhs thfi%

Tbi|i `|i ea `dwi|si irti|e`khthis `s tbi ~|a~i|tx hs kac`tid ` g`| dhst`eci g|af tbif`ja| bhob`x `ed b`s ea |`hk|a`ds+ bhob wakt`oi kheis a| atbi| eahsi oiei|`ta|s `|ayedht%

@ g h| `fayet ag tbi k`ed sy||ayedheo tbi ~|a~i|tx hs ga|ist khmi he e`ty|i% Tbi|i `|i gibafis tb`t `lyt tbi ~|a~i|tx `ed ` sicthae ag tbi kac`k bhob scbaak hs kac`tid ae tbisaytb ied ag tbi ~|a~i|tx+ tbayob ht hs eat tbi iet|x `x he ta tbi bhob scbaak+ `edtbi|ilx dais eat c`ysi fycb t|`gghc a| eahsi hssyis ta tbi ~|a~i|tx%

!SAY\CI: OaaokiF`~s

@i|h`k Whi ag S~xok`ss \hdoi

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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!SAY\CI: OaaokiF`~s

@ddhthae`k shti `e`kxshs hkk eat eiid ta li daei `s tbhs hs `e `k|i`dx ist`lkhsbid shtitb`t `s lyhkt htbhe tbi ~`st xi`|s% Eat liheo |hobt ae tbi f`he |a`d f`mis tbi shtib`|di| ga| ~|as~icts ta ghed+ lyt dais ~yt ht he ` sittheo tb`t f`ex hkk ghed wi|x dish|`lki%

@i|h`k Whi ag S~xok`ss \hdoi

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 3>

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Hf~|awifiet Disc|h~thae

B`wheo liie ` ~`|t ag tbi caffyehtx ga| awi| 09 xi`|s+ S~xok`ss \hdoi b`s liie `lkita sba tb`t tbi yeht fhr `ed awi|`kk dishoe hs ` |hobt ga| tbi eiids ag tbi caffyehtx%Tbi yehts `|i f`|mit`lki `s tbix `|i htb:

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@kk bafis heckydi `sbi| `ed d|xi| baamy~s+ ~|hw`ti dicms+ dhsb`sbi|+ |ig|hoi|`ta|+`ed awie% Tbi he bafi `fiehthis hs tx~hc`k ag tbi f`|mit ~k`ci tbayob f`excaewiethae`k bafis hkk `ksa heckydi ` o`|l`oi dhs~as`k%

Tbi shti b`s ckylbaysi+ ~k`xo|ayed `ed caffyehtx o`|die% Tbi caffyehtx o`|die

hs eat tx~hc`k ga| tbi f`|mit~k`ci ohwheo tbi syljict ~|a~i|tx ` f`|mitheo idoi ag atbi|s%Ht hs k`cmheo ` caffyehtx ~aak `ed ` lysheiss cieti| htb eii| ikict|aehc ipyh~fiet+`s tbi htifs cy||ietkx he tbi lysheiss cieti| `|i akdi| `ed eat y~ ta fadi|e st`ed`|ds%

@e y~o|`di ag tbi ckylbaysi gy|ehty|i hkk `ksa `sshst tbi st`gg he ki`sheo tbi bafis+ `sfast htifs `|i a|e `ed ikk d`tid%

^`|mheo he tbi caffyehtx hs `dipy`ti lyt caykd li hf~|awid lx fawheo tbi |icxckic`es g|af tbi ~`|mheo s~`cis ta ` didhc`tid `|i` tb`t dais eat t`mi w`ky`lki ~`|mheokac`thaes% Agg st|iit ~`|mheo hs |i`dhkx `w`hk`lki htb kiss tb`e ` aei lkacm `km g|af`ex ag tbi ohwie bafis%

Ae Jyei 09tb+ >8 ` caf~|ibieshwi eiids `ssissfiet ga| Tbi S~xok`ss \hdoi@~`|tfiets `s daei ga| tbi cy||iet aei|s+ Khecake Cayetx Diwika~fiet Ca|~a|`thae`ed Baysheo Diwika~fiet Cieti| lx _hkkh`f _hksae @|cbhticts ^C% Tbi |i~a|t eatidbhob kiwiks ag HFO "heti|ha| fakd o|atb( he tbi `tthc `|i`s+ shdheo eiidheo |i~k`cid+ `sikk `s d|x |attid aad tb|ayobayt%Tbi `|cbhticty|`k gh|f dhd `e ir`fhe`thae ae tbi gakkaheo htifs:

Shti gi`ty|is "`km`xs+ |a`d`xs+ ~`|mheo+ k`edsc`~heo+ caffae `|i`s+khobtheo+ sicy|htx(

@ccisshlhkhtx gi ty|is Lyhkdheo Irti|ha| "caf~aeiets ag tbi lyhkdheo iewika~i(

Lyhkdheo St|ycty|i "|aag sylst|ycty|i+ `kk g|`fheo+ gkaa| g|`fheo+ gayed thae+hesyk`thae(

Lyhkdheo Sxstifs "_ ti|+ Sii|+ Ikict|hc`k+ BW@C+ Gh|i |aticthae( Dikkheo Yehts "Heti|ha| ikifiets( Caffyehtx Lyhkdheo "Heti|ha| ikifiets( @echkk`|x St|ycty|is "T|`sb Caf~`cta|!Sta| oi Lyhkdheo(

_hkkh`f _hksae @|cbhticts ^C diti|fheid tb`t tbi gakkaheo htifs `|i dighchiet `ed hkkeiid ta li ~`|t ag tbi |ib`lhkht`thae ag tbi caffyehtx%

Irti|ha| _`kks

@t `kk ihobt `~`|tfiet lyhkdheos `ed Caffyehtx Lyhkdheo+ |ifawi `kk irhstheolyhkdheo iewika~i caf~aeiets dae ta irhstheo sbi`tbheo "whexk shdheo+ |l `edox~syf sbi`tbheo(+ `ed |i~k`ci htb ei shdheo "whexk `s A~thae 0 `ed ~`hetidcifieththays shdheo htb aad t|hf `s A~thae

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^|awhdi ba|hzaet`k st hekiss stiik gk`sbheo `t l`si ag g|`fid kks `ed `t i`cbgkaa| kiwik%

\i~k`ci whexk irb`yst o|hkkis ga| l tb|aaf!mhtcbie!d|xi| htb st`hekiss stiikbaads%

\ifawi `ed |ihest kk `kk atbi| irti|ha| `~~y|tie`ecis "khobts+ shoe`oi+

daes~ayts+ itc%(% ^|awhdi `kka`eci ga| d`f`oi dy|heo |ib`lhkht`thae% ^|awhdi `kka`eci ga| |i~k cifiet ag d`f`oid!caet fhe`tid ASL sbi`tbheo `t9>) ag `kk tat`k `kk `|i`s%

^|awhdi kka`eci ga| |i~k`cifiet ag d`f`oid!caet fhe`tid l`tt hesyk thae t9>) ag tat`k hesyk`tid `kk `|i`s%

^|awhdi `kka`eci ga| |i~k cifiet ag d`f`oid!caet fhe`tid `kk g|`fheo `t

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B`kg ag tbi yehts b`wi HFO "heti|ha| fakd o|atb( g|af heti|ha| say|cis tb`t c`eheckydi hf~|a~i| si`k`et ag tbi l`tbtyls `ed tahkits%

Cb`eois ta tbi ta l`tb|aafs he tbi ckylbaysi ta f`mi tbif @D@ caf~`thlki+heckydheo shoe`oi+ accy~hid hedhc`ta| kacms `ed ` ei e`||ai| cayeti|ta~ ta`ccaffad`ti ` 37 o|`l l`| libhed tbi tahkit%

Ht hs tbi hetiet ag Oy`|dh`e \i`k Ist`ti Si|whcis ta da `kk ag tbi htifs eatid lx tbi`|cbhticty|`k gh|f tbayob ea thfi t`lki b`s liie f`di t tbhs thfi% Hf~|awheo tbicaffyehtx+ `s eatid lx _hkkh`f _hksae @|cbhticts ^C+ hkk eat aekx ~|awhdi litti|baysheo ga| tbasi `k|i`dx khwheo he tbi caffyehtx+ lyt ht hkk `ksa bik~ `tt|`ct ei|ishdiets%

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 34

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T`|oit F`|mit Hediethghc`thae

S~xok`ss \hdoi hkk caetheyi ta si|wi tbi s`fi g`fhkx f`|mit ht cy||ietkx si|wis ysheoKHBTC c|idhts% @ex s~ich`k eiids ag cy||iet `ed ~|as~icthwi |ishdiets |i fastkx|ik`tid ta tb`t ag fiet`k `lhkhthis tbayob safi htb ~bxshc`k dhs`lhkhthis hkk `ksa li ~`|t

ag tbi t`|oit f`|mit%

Tbi FGH |`ois ga| tbhs caffyehtx hkk li tbasi basi hecafi hs 9>) ta 7>) lika tb`tag tbi fidh`e hecafi% Fast |ishdiets `ed ~|as~icts hkk b`wi hecafis litiie$0>> `ed $3>+>>> `eey`kkx% Khecake Chtx hkk li tbi ~|hf`|x f`|mit htb `kk ag KhecakeCayetx liheo tbi Sicaed`|x F`|mit @|i`%

0

^i|sae

) $

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\iet @e`kxshs

@ stydx ag latb caewiethae`k f`|mit&|`ti yehts `ed `gga|d`lki "ka hecafi( yehts hseiidid ta list yedi|st`ed tbi cy||iet st`ti ag tbi |iet`k f`|mit he tbi `|i`%

Accy~`ecx hs caeshdi|id oaad ga| tbi caewiethae`k f`|mit htb Mikam Taebafisliheo tbi irci~thae% Mikam Taebafis `s |icietkx layobt `ed |ieaw`tid htb oa`kag sikkheo tbi hedhwhdy`k yehts+ baiwi| dyi ta tbi ~aa| s`kis f`|mit+ tbi bafis b`wiliie ty|eid heta |iet`ks ~yttheo tbi caf~`ex he ` ki`si y~ fadi% Dyi ta tbi shzi eddishoe+ `kk li k`|oi aei lid|aafs+ tbisi bafis da eat dh|ictkx caf~iti htb tbisyljict ~|a~i|tx%

K`mi~ahet `ed ^hei By|st `~`|tfiets b`wi st`lki accy~`ecx `ed |iets% Ea |iet`kcaecisshaes `|i ohwie `t tbhs thfi lishdis |idycid di~ashts% Tbisi caffyehthis `|ihekhei htb tbi awi|`kk caffyehtx `ed `|i dh|ict caewiethae`k caf~`|`lkis htb ~|hcistb`t `|i wi|x ckasi ta tb`t ag S~xok`ss \hdoi%

Fast caewiethae`k ~|a~i|this he tbi `|i` cb`|oi ga| `ti|+ sii| `ed o`|l`oi yekhmi tbi@gga|d`lki "Ka Hecafi( Caffyehthis% Tbhs c`e li ` dhggi|ieci ag awi| 0>) `t $9> ta$2> |is~icthwikx% _bie tbi ythkhtx cb`|oi hs caflheid htb tbi bhobi| |iets+ ht hs eatidtb`t `kk caewiethae`k ~|a~i|this `|i `t ki`st 0>) fa|i ~i| faetb tb`e tbi @gga|d`lki"Ka Hecafi( bafis he tbi `|i`%

Eaei ag tbi caf~`|`lkis caewiethae`k ~|a~i|this `cci~t tbi sicthae 2 waycbi|%

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 37

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!Caewiethae`k Caf~kiris

!!^|ajict E`fi ^hei By|st

@~`|tfiets

K`mi~aheti

@~`|tfiets

Mikam

TaebafisF`e`oheoCaf~`ex

^hei By|st KKCCi|thghid |a~i|tx

F`e`oifietDak~bhe \i`kIst`ti KKC

^|ajict@dd|iss

$779&$?09 E!@

$ ag 3Lid|aafs

E!@ E!@ E!@

_`sbi| 'D|xi|

Baam&Y~s Baam&Y~s Baam&Y~s

Ghteiss Cieti| Ea Ea Ea

^aak Ea Ea EaS~` ! S`ye` Ea Ea Ea

Ckylbaysi Ea Ea Ea

^k`xo|ayed Ea Ea Ea

^hcty|i 0

^hcty|i >) accy~hid%

!

> ddhthae`k yehts syooistid he tbi0>&Xi`| Baysheo ^k`e ta ikhfhe`ti

bafikisseiss he Khecake Chtx

?9 Yehts ag@gga|d`lki

Sieha|Baysheo

0>> Yehtsag

@gga|d`lki_a|mga|ci

Baysheo

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C`~ty|i \`ti Diwika~fiet

_htb ka hecafi `ed idyc`thae kiwiks `kaeo htb bhob |iet `ed aei|sbh~ cast ga|baysheo `ed ` bhob eyfli| ag ~ia~ki lika tbi ~awi|tx kiwik+ Khecake Chtx hs ` ~|hfi

kac`thae ga| sylshdhzid baysheo% F`ex ag tbi bafis tb`t `|i `w`hk`lki `|i eat ~|hcid ta`ccaffad`ti tbi ka hecafis ag tbi ~ia~ki ba khwi he tbi `|i` `ed tbi|i hs ` sy~~kxsba|t`oi ag ka hecafi baysheo+ khmi S~xok`ss \hdoi @~`|tfiets% @dd he tbi eiid ga|`e `ddhthae`k > bafis g|af >7 ta 0< tb`t b`wi eat liie lyhkt+ ta bik~ ikhfhe`tibafikisseiss he tbi chtx `ed ht licafis cki`| tb`t tbi dif`ed hs tbi|i ta f`het`he `ediwie hec|i`si tbi eyfli| ag `gga|d`lki "ka&hecafi( bafis he tbi f`|mit ~k`ci%

Y~ae |iwhi ag tbi caffyehtx+ ht `s eatid tb`t tbi aekx htifs khfhtheo ht g|af liheo0>>) accy~hid bi|i yehts tb`t b`d eat xit liie ty|eid ta licafi f`|mit |i`dx%Tbi|i `s eat aei ag ghwi `w`hk`lki bafis |i`dx ga| safiaei ta fawi he `t tbi d`x agtbi whsht% Tbhs c`e li `tt|hlytid ta tbi k`cm ag gyeds ta |i~k`ci c`|~itheo+ whexk `ed atbi|

htifs dyi ta `oi `ed `lysi%

F`het`heheo `ed y~d`theo tbi khfhtid sy~~kx ag ka hecafi baysheo he Khecake Chtx hsc|hthc`k ta iesy|heo tbi kai| hecafi caffyehtx b`s baysheo he tbhs `|i` `s tbi dif`edhs bhob lyt tbi `w`hk`lhkhtx hs ka%

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 4?

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Ci|thghc`thae

H ci|thgx tb`t ta tbi list ag fx meakidoi `ed likhig:

Tbi st`tifiets ag g`ct caet`heid he tbhs |i~a|t `|i t|yi `ed ca||ict%

Tbi |i~a|tid `e`kxsis+ a~hehaes+ `ed caeckyshaes `|i khfhtid aekx lx tbi |i~a|tid`ssyf~thaes `ed khfhtheo caedhthaes+ `ed `|i fx ~i|sae`k+ yelh`sid ~|agisshae`k`e`kxsis+ a~hehaes+ `ed caeckyshaes%

H da b`wi ` ~|isiet a| ~|as~icthwi heti|ist he tbi ~|a~i|tx tb`t hs tbi syljict ag tbhs|i~a|t+ `ed H da b`wi ` ~i|sae`k heti|ist a| lh`s htb |is~ict ta tbi ~`|this hewakwid%

Fx caf~ies`thae hs eat caetheoiet y~ae tbi |i~a|theo ag ~|iditi|fheid caeckyshaes

tb`t g`wa| tbi c`ysi ag tbi ckhiet+ tbi `tt`hefiet ag ` sth~yk`tid |isykt+ tbi accy||ieci ag` sylsipyiet iwiet+ tbi `~~|aw`k ag ` ka`e+ a| tbi ``|dheo ag gyedheo%

L|`d Lykkacm ~|awhdid shoehghc`et ~|agisshae`k `sshst`eci ta tbi ~i|sae shoeheo tbhs|i~a|t% H hes~ictid tbi syljict `ed `kk caf~`|`lkis ythkhzid he tbhs `sshoefiet%Caf~`|`lki hes~icthaes i|i heti|ha|!irti|ha|%

H da eat `ytba|hzi tbi ayt&ag&caetirt pyatheo g|af a| ~`|th`k |i~|hetheo ag tbhs f`|mit`e`kxshs |i~a|t% Gy|tbi|+ eihtbi| `kk ea| `ex ~`|t ag tbhs |i~a|t sb`kk li dhssifhe`tid tatbi oiei|`k ~ylkhc lx tbi ysi ag fidh` ga| ~ylkhc caffyehc`thae htbayt tbi ~|ha| |httiecaesiet ag tbi `e`kxst shoeheo tbhs |i~a|t%

QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ QQQQQQQQQQQQQQQQQQQJasby` Gi|oysae D`ti

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 42

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@ddiedyf

F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 48

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F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 9>

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F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 90

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F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 9

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F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 93

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