Terrell Economic Development Corporation

AGENDA Terrell Economic Development Corporation 8:00 AM - Friday, April 17, 2026 City Council Chambers, 201 E. Nash Street, Terrell, TX Board Members Shameta Wilson, Chairman Mayrani Velazquez, Vice-Chairman Kelly Lane, Secretary Matt Oakley, Board Member Travis Richards, Board Member Robert Messer, Ex-Officio Raylan Smith, Ex-Officio Carlton Tidwell, President/CEO NOTICE IS HEREBY GIVEN that the Terrell Economic Development Corporation will conduct a meeting at 8:00 a.m. on Friday, April 17, 2026, at Terrell City Hall located at 201 East Nash Street. The meeting is open to the public in the Council Chambers. If you choose not to attend in person and you wish to submit public comments, email support@cityofterrell.org and title the email ”Public Comment”. All public comments submitted by 4:00 p.m. on the day before the meeting will be provided to the Terrell Economic Development Corporation Board Members and recorded into the minutes for the FRIDAY, APRIL 17, 2026 Terrell Economic Development Corporation's Board Meeting. Page 1. CALL TO ORDER 2. INVOCATION Page 1 of 12 3. HEAR REMARKS FROM VISITORS. This time is set aside on the agenda to invite any person to address the TEDC Board on issues not subject to a public hearing. Routine administrative matters are best discussed with the appropriate TEDC Staff before bringing them to the Board. Prior to the meeting, please complete a "Citizen Participation Form" and present it to TEDC Staff. In accordance with the Texas Open Meetings Act, Section 551.042, the Commission cannot discuss, consider, or take action on matters not listed on the agenda. Speakers should limit their comments to 3 minutes and are asked to speak into the microphone provided, identifying themselves for the record. The total amount of time set aside for this place on the agenda is 15 minutes. Comments of a personal nature directed at the Board or Staff are inappropriate. 4. ADOPTION OF MINUTES 4.1. Discuss and Consider Approval of the Minutes of the Meeting Held on 4 - 5 March 20, 2026. 3-20-26 TEDC Minutes 5. BUSINESS ITEMS 5.1. Discuss and Consider March Financials. 6-9 March Financials 5.2. Discuss and Consider Cell Phone Tower. 10 - 12 Cell phone tower 5.3. Update on Project List. 5.4. Update Terrell EDC Strategic Plan Update. 5.5. Discuss and Consider Moving June 19, 2026 Meeting Date. 6. ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING: 6.1. Section 551.074 Personnel Matters. Section 551.087 Deliberations Regarding Economic Development Negotiations. 7. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ITEMS DISCUSSED IN EXECUTIVE SESSION. Page 2 of 12 8. NEXT MEETING DATE 8.1. Next scheduled meeting will be May 15, 2026 at Terrell City Hall - Council Chambers. 9. ADJOURN. I, the undersigned authority, do hereby certify that the above NOTICE OF MEETING of the Terrell Economic Development Corporation is a true and correct copy of said NOTICE, which has been posted on the front door of the at the Terrell Chamber of Commerce 1314 West Moore Avenue, Terrell, Texas, a place convenient and readily accessible to the General Public and on the website at terrelltexasedc.com, and which has been continuously posted for a period of three (3) business days prior to the date and time said meeting was convened. Posted Friday, April 10, 2026 –6:00 p.m. _______________________________________ Carlton Tidwell, President Page 3 of 12 ITEM 4.1. Terrell Economic Development Corporation BOARD MEETING 3.20.2026 Held at Terrell City Hall - Council Chambers - 291 E Nash Street, Terrell, TX 75169 at 8:99 am. MEMBERS PRESENT Matt Oakley, Travis Richards, Counci l Member Mayrani Velazquez and Carlton Tidwell EX-OFFICIO MEMBERS PRESENT Robert Messer and Raylan Smith MEMBERS ABSENT County Commissioner Kelly Lane and Shameta Wilson OTHERS PRESENT Saydee Gutierrez with BR Messer, Angie Cooper and Ian Kinder with Terrell Chamber of Commerce 1. CALL TO ORDER Mayrani Velazquez called the meeting to order at 8:01 AM. 2. INVOCATION Carlton Tidwell gave the invocation. 3. HEAR REMARKS FROM VISITORS None 4. DISCUSS AND CONSIDER APPROVAL OF MINUTES HELD ON FEBRUARY 20, 2026 Matt Oakley moved to accept the minutes as presented from the February 20, 2026 meetings. Travis Richards seconded the motion . The motion prevailed . All votes aye. 5. REVIEW ONLY FEBRUARY FINANCIALS Matt Oakley made a motion to approve the February 2026 financials. Travis Richards seconded the motion. The motion prevailed. All votes aye . 6. DISCUSS AND CONSIDER 402 SVIRGINA PROPERTY Raylan Smith and Carlton Tidwell presented the board on the 402 S Virgina Property regarding environment cleanup. Travis Richards made a motion to approve funding in the amount of 39,480.19 to the City of Terrell to support the removal of underground gas tank at 402 S Virginia Street. This funding is intended to facilitate the development of a daycare facility on the property. The motion included the condition that if the daycare project does not move forward, or if it is not developed in a manner consistent with the TEDC Strategic plan, the funds will be returned to the TEDC. Matt Oakley seconded the motion . It carried unanimously with no objections. 7. DISCUSS AND CONSIDER RAILROAD BUDGET Carlton Tidwell ask for this to be moved into executive session. Was not objected Page 4 of 12 ITEM 4.1. 8. UPDATE TERRELL EDC STRAGEGlC PLAN Carlton Tidwell ask for this to be moved into executive session. 9. EXECUTIVE SESSION Adjourn into Closed Meeting under the Texas Open Meeting Act in accordance with Section 551 of the Texas Government Code to discuss the following: Texas Government Code, SECTIONS 551.074 (Personnel Matters), 551.087 (Deliberations regarding Economic Development Negotiations) ADJOURNED INTO CLOSED MEETING AT 8:48 AM COUNCIL MEMBER MAYRANI VELAZQUEZ MADE THE MOTION AND TRAVIS RICHARDS SECONDED THE MOTION. THE MOTION PREVAILED. ALL VOTES AYE. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ON ITEMS DISCUSSED IN EXECUTIVE SESSION. RECONVENED INTO REGULAR SESSION AT 9:23 AM MATI OAKLEY MADE THE MonON, AND TRAVIS RICHARDS SECONDED THE MonON. THE MOTION PREVAILED. ALL VOTES AYE. Travis Richards made a motion to amend the TEDC budget by reallocating 100,000 dollars from the railroad budget to Business Retention. This reallocation is based on the 200,000 dollar invoiced annually to the railroad, with 100,000 dollars designated to support local business retention. lO.NEXT BOARD MEETING DATE The next scheduled meeting will be on April 17, 2026 at the Terrell City Hall at 8:00 am. 11. ADJOURNMENT Council Member Mayrani Velazquez moved to adjourn at 9 :23 am. Travis Richards seconded the motion. All votes aye . Minutes recorded by Ian Kinder Page 5 of 12  ITEM 5.1. Month Month Year Year March 2026 Financlals Current Prevo Month Year Prior Year Actual Budget Variance Actual BudgetYTD Variance Month Actual Variance Actual Actual Variance 1 17.766 1O.QOO 7.766 157.266 30.000 127.266 Interest Income 17.766 15.754 2.012 157, 266 115.949 41,317 2 0 0 0 487.785 0 487.785 Land Sale 0 0 0 487.785 0 487.785 3 7.s~0 16,667 (9.127) 45.156 100.000 154.844) Rail Repair Allocation 7.540 15,080 (7.540) 45.156 140,613 (95,457) 4 l48.774 291, 667 142.892) 1.845.722 1.750.000 95.722 Sales Tax 248.774 366.020 (117,245) 1.845.722 1,902.287 (56.565) 5 274,080 318,333 (44,253) 2,535,929 1, 880,000 655,929 Total Income 274,080 396,854 (122,773) 2.535.929 2.158,850 377,079 6 7 0 0 0 0 0 0 Debt Service Payments 0 0 a 0 0 0 8 38,434 50.000 (11,566) 298.740 300,000 (1.260) Sales Tax Rebate CR 38.434 84,979 (46,5 45) 298,740 275.390 23.350 9 38, 434 50,000 (11,566) 298,740 300,000 (1,260) TotalOebt/Rebates 38.434 84,979 (46,545) 298,740 275,390 23,350 0 12 6.625 3.333 3.292 15.305 20.000 (4,695) Consultant Expenses 6,625 0 6.625 15.305 981 14.324 14 1.01'- 16. 667 (15.643) 9,920 100.000 (90.080) Engineering Services 1,024 3,736 (2.712) 9,920 33.698 (23,779) 16 0 2.083 (2.083) 10,425 12,500 (2.075) Strategic Plan 0 122 (122) 10,425 133.409 (122.984) t7 7,649 23,750 (16,101) 35, 650 142,500 (106,850) Profession Service Toral 7,649 3, 858 3,790 35, 650 168,089 (132,439) 8 19 55.861 14.583 41.278 134.969 87.500 47,469 Marketing 55.861 2.025 53,836 134.969 109,137 25.833 20 48,779 51,250 (2,471) 2~6,191 301.500 (61309) lCoCIEDC ConuaCI 48,779 38,447 10.332 246,]91 230.017 16.173 21 102.463 10,417 92.047 127.982 62,500 65.482 Business Retention 102,463 6.396 96.068 127,982 28.482 99,500 22 101.825 16,667 85,1 58 124.445 100,000 24.445 Rail Repairs 101,825 0 101,825 124,445 30.157 94.288 23 2.150 1.250 900 2,705 7,500 (4. 795) Professional Memberships 2.150 0 2, 150 2.705 1, 685 1,020 24 450 2.500 (2.050) 1,550 15.000 (13,450) Property Maintenance 450 0 450 1.550 3.900 (2.350) 25 1.547 0 1,547 9.175 0 9.175 Data Enhancement/Program Fees 1.547 652 895 9.175 4.020 5.155 26 10,497 6,250 4,247 18.393 37,500 (19,107) Travel/Conferences 10,497 363 10.134 18.393 37.800 (19.407) 27 323.572 102,917 220,655 665,410 617,500 47.910 Professional Services Total 323,572 47,882 275.690 665,410 445,199 220,212 28 9 0 8.333 18.333) 65,050 50,000 15.050 CTE Programs 0 0 0 65.050 92,198 (27.148) 30 0 0 0 0 25.000 (25.000) NCC Program 0 0 0 0 0 0 31 60,000 0 60.000 60.000 30.000 30.000 Adult Workforce 60,000 a 60,000 60.000 60.000 0 32 60,000 8,333 51.,667 125,050 105,000 20.050 Career Teell/!/cal Program 60,000 0 60,000 J25,050 152,198 &.148) 33 (155,574j 133,333 (288,908) 1,411, 078 715.000 696,079 Net Operating (155,574) 260.135 (415,709) 1,411,078 1,117,974 293,104 34 Projects Expenses 35 0 83.333 183.333) 1,208.295 500.000 708, 295 Incentives 0 0 0 1.208,295 47.706 1,160,589 36 31,681 83,333 151.6.2) 31.681 500.000 (468,319) Project Expense 31.681 0 31, 681 31,681 0 31,681 37 31, 681 166, 667 (134.986) 1,239,976 J,ooo,ooo 239,976 Total Project Expense 31, 681 0 31,681 1.239.976 47,706 1,191,270 No assurance is provided on these financial statements. Page 6 of 12  ITEM 5.1. 2017-2018 Budget Year October November December January February March April May June July August September Sales Tax $ 211,734 $ 221,928 $ 212,956 $ 215,548 $ 256,776 $ 215,919 $ 168,476 $ 232,810 $ 256,684 $ 243,598 $ 252,032 $ 236,891 $ 2,725,351 2018-2019 Budget Year Sales Tax $ 245,628 $ 223,792 $ 245,317 $ 231,218 $ 272,286 $ 272,286 $ 236,275 $ 257,634 $ 254,281 $ 216,593 $ 252,032 $ 254,495 $ 2,961,836 2019-2020 Budget Year Sales Tax $ 125,211 $ 188,715 $ 209,556 $ 192,658 $ 243,796 $ 188,319 $ 185,216 $ 122,225 $ 170,916 $ 198,313 $ 236,815 $ 206,487 $ 2,268,228 2020-2021 Budget Year Sales Tax $ 171,823 $ 209,374 $ 195,335 $ 182,374 $ 220,357 $ 182,195 $ 162,136 $ 284,714 $ 239,376 $ 220,192 $ 251,557 $ 240,185 $ 2,559,619 Unempl Rate 4.30% 5.90% 5.20% 2021-2022 Budget Year GROSS Sales Tax $ 269,696 $ 306,290 $ 285,178 $ 266,825 $ 331,584 $ 238,844 $ 225,208 $ 315,768 $ 278,912 $ 320,340 $ 283,864 $ 294,051 $ 3,416,559 Unempl Rate** 4.00% 4.10% 4.10% 4.00% 3.40% 3.40% - - - 2022-2023 Budget Year GROSS Sales Tax $ 298,938 $ 285,200 $ 294,549 $ 270,624 $ 351,686 $ 252,881 $ 257,494 $ 312,781 $ 258,965 $ 268,177 $ 333,292 $ 270,063 $ 3,454,650 Unempl Rate** 4.00% 3.50% 3.40% 4.1% 2023-2024 Budget Year GROSS Sales Tax $ 326,809 $ 275,956 $ 303,699 $ 295,705 $295,705 $ 392,128 $ 210,410 $ 556,219 $ 302,584 $ (3,038) $ 276,053 $ 363,444 $ 3,595,674 Unempl Rate** 4.30% 2024-2025 Budget Year October November December January February March April May June July August September Sales Tax $ 310,146 $ 307,251 $ 304,639 $ 288,178 $ 429,849 $ 262,226 $ 261,081 $ 325,248 $ 296,757 $ 305,723 $ 298,698 $ 327,312 $ 3,717,107 2025-2026 Budget Year October November December January February March April May June July August September Sales Tax $ 293,627 $ 298,643 $ 318,925 $ 319,733 $ 366,020 $ 248,774 $ 1,845,722 Page 7 of 12  TEDC Commitments Description Option Expires Amount Owed Approved by TEDC Board On Approved hyment2O& Payment Z024- Pav-t 202S- TotaIl'IymenIs ITEM 5.1. Amount 2DI 202S 2Ol6 o Projects 1 NFl lob Grant Max (3k+2.SK)·SO jabs 613/2027 $ (33,000) Approved 5.5.2022 $ 275,000 $ 154,ODO.OO S 154,000,00 EOC rec'd $2.7M for property 50% sales tax on electridty for 10 years $1001( Impact fees $309,261 roadway reimbursement 2 lone Star/Frez-n-Stor Option Impact Fees $675,000 November 2025 S 810.823 S 810.823 under frez agre ement/ paid impact fees to city on 1.21.2026 3 lone Star/Frez-n-Stor Option 0thers (permlt/env study/soil) $77,713 November 2025 , $ · under frez agreement/ ail imact fees paid to city on 811CTeS 1.11.2026 ptat $300 an acre 136,614 sq ft .01 sq ft - fire pennit .50 sq ft - building permit $2800 w.ter meter $2300 sewer <I lone Star/Fra-n-Stor Option ,J ob GIant for 25 jobs ($31( per job for $65IC or $SK for $SOK, plus $500 for 12/6/2028 $ 137,501) S · undcr frez agreement 175160 residencel 5 CART. com/Goodyear Driveway price /awer from $250k to $1631( $ 15,000 Approved 9.28.2023 Price $ 250,000 $ 267.260 $ 267.J&O 6 'GHCrane Job grant not Q!pped an number of new jobs 6/14/2027 S 373,750.00 ~rl i ~t 1n JR JnJ 4 $ 47,406 $ 47.- property tax '! yean; from CO $Slnewjob $71( new Job (75160 & 73161) est 40 job increase in 2025 at Opening 50",,(, of the 3/8 sales tax rebated est $SOM ill sales for 2025 $7300 I $1M aftaxable sales I' TEDC Is responsible for All ad valorem tax until COt onthe U acres on Apache Trail. Frefonnace agreement does not mention the additional 4 aaes 011 Apache TraU. Freformance agn!ement and MOU do not match. TEDC now owns 4..S9 acres at 14891 SH 205 I' GH Crane now owns 11:.66 acres on Ap~che Tran plus~ acres on Apach.e Trail 7 Ackerman for Sewet" Bnace will ilJlllroved agreement 3years /2 yearslan 2( S 700,000 Approved 11.27.2023 $ 700,000 S · Page 8 of 12 8 Ackerman for Turning L1ne $5Ok to $looK2025 budget S 100,000 S -  9 Ackerman fer Eng Fee 2024 budget $ SO,OOO S- - ITEM 5.1. 10 I'\cDinlan (Easement for Mary CIty Is responsible $. 0 $ 0 Not presented to board $ 0 Gay1e PmDt!TM 11 fMW Reclamation FloodplaIn $ 659, 669 board approved 2.16.2024 $ 3,200,000 $ 2.540.3~U9 $ z,54O,B2 U 2024b\ldget 1'07<; hllill1'" E(G lob Granl$ 30 per \'l'llrfot 5 ~i's maximum 150 203Z IIlCOOI1IUJD $9OO;0P0 $5,000 per lob; SMOG fil, 75160, 1'11;<1111 Projed"Plywood City fees 2027 Approxlroitelv $lal,(IIlO ProJect PI'IWood lobga/lt$ 30 einp,loyees lsi year; 15 employees 2027 Approltrmatelv $150,000 year 1-and 3 for i total of 60 rmployees Project Plywood sales Uirfebate: 75%.OtfOC portion In Year 1;'~ lit. 2027 Approximatelv $100.000 19;3r2:~lnvea[~ ProJ~~flfght ApprQxlmmly $1,500,(100 Nfl Expansfo!l . Project HJRwood ~51gn at So and 148/205 ApJlfoxmiately $SP.oo.o ~ Pr~lect Stream ApprOXlmatelY:$l,SOO, ooo '. , 13 . 4 TOTAL OBUGAnONS $ 2,002.919 $ 1,225,000 $ . .0 $ ~...737.56 $ UiI7,m.56 15r-__________________~----------------------r_----------~r_------------------, 16 v~----------------+-------~------------r-----------+-----------------~ a~----~--------~~------------~----+_----------+_--------------__; 'l9 2O~----------------+---~--~--~--------r-----------+-----~~~------~ 21 u~----------------+---~----------~----r-----------+-----------------~ 23 ~~--------------~------------------~----------~--------------~ Page 9 of 12 ITEM 5.2. Carlton Tidwell From: Mike Nuckols <mike.nuckols@btgrp.com> Sent: Wednesday, April 1, 2026 2:03 PM To: Carlton Tidwell Cc: Mike Nuckols Subject: RE: SBA TX1C404-S / B's #36: Terrell Economic Dev. candidate (Parcel 7600; 21 ac by Dennys + DH Crane Thanks Mr. Tidwell. I think they'd go as high as $1400/mo, but I believe that's around the top end . Unfortunately, the end users of the tower (AT&T, VZW, etc .) are very "thrifty" and keep the prices the tower builders can pay suppressed. It's the all too familiar tale of corporate greed I'm afraid. But the tower site has a small foot print and it adds up to a fair amount of $$$ over time. I always tell people "It's better to have the tower on your property and get paid for it than have it across the property line and not receive anything." Hit me up w/any questions, comments or concerns. Thanks again and have a great day! ' Mike Nuckols RE Project Mgr. 8+T Group 1044 Virginia Drive, Sarasota, FL 34234 M (941) 328-2264 + btgrp.com c::f. r B+T GRfO From: Carlton Tidwell <Carlton@terrelltexas.com> Sent: Wednesday, April 1, 2026 2:45 PM To: Mike Nuckols <mike .nuckols@btgrp.com> Subject: RE: SBA TX1C404-S / B's #36: Terrell Economic Dev. candidate (Parcel 7600; 21 ac by Dennys + DH Crane This message is from an outside source. Caution is recommended when clicking links or opening attachments. Received Carlton Tidwell President Terrell Economic Development Corporation wwwJ:eJ:ceJlt e)(aSJ~.d.c.,C_Qm 972-524-5703 office 469-853-6512 mobile 1 Page 10 of 12 ITEM 5.2. 8+T Group 1044 Virginia Drive, Sarasota, FL 34234 M (941) 328-2264 + btgrp.com t:!? B+T GRP From: Mike Nuckols mike.nuckols@btgrp.com Sent: Wednesday, March 18, 20269:48 PM To: CARLTON@TERRELLTEXAS.COM Cc: Mike Nuckols mike .nuckols@btgrp.com Subject: SBA TX1C404-S / B's #36: Terrell Economic Oev. candidate Hi Mr. Tidwell, I've worked in the Telecom Industry since 1998. I'm what you call a "Site Acquisition Agent" .... I find land to lease for new cell tower sites. I haven't done much work in Texas but I have a new project in your jurisdiction. 1} Would the Terrell Economic Dev. Corp. consider leasing a small piece of land for a new "Telecom Facility" (aka cell tower site)? 2) If they would, do you have to put that our for an RFP (Request for Proposal)? I'm looking your 21 acre parcel off of 557 by the Dennys and the DH Crane Co . The cell tower provides two (2) main benefits: 1) Monthly rent $$$$ 2) Improves public safety with a robust wireless voice/data network. a. 90% of all E-911 calls come from cell phones i. You want that call to go through on the pt attempt. When I started in '98 towers were 5 miles apart in FL All we did was "TALK" on cell phones .... they call that "Voice Traffic", which doesn't use much of the network. Now I place towers about 1 mile apart due to the "Data Traffic" (people using cell phones like computers). I'm hopeful we might be able to do some business. Thank you!! Respectfully, Mike Nuckols RE Project Mgr. 8+T Group 1044 Virginia Drive, Sarasota, FL 34234 M (941) 328-2264 + btgrp.com t:!? B+T GRP 3 Page 11 of 12 ITEM 5.2. Monthly Annual Rent Rent Total Rent Paid $1,400.00 $16,800.00 $16,800.00 $1,428.00 $17,136.00 $33,936.00 $1,456.56 $17,478.72 $51,414.72 $1,485.69 $17,828.29 $69,243.01 $1,515.41 $18,184.86 $87,427.87 $1,545.71 $18,548.56 $105,976.43 $1,576.63 $18,919.53 $124,895.96 $1,608.16 $19,297.92 $144,193 .88 $1,640.32 $19,683 .88 $163,877. 76 $1,673.13 $20,077.56 $183,955.31 $1,706.59 $20,479.11 $204,434.42 $1,740.72 $20,888.69 $225,323 .11 $1,775.54 $21,306.46 $246,629.57 $1,811.05 $21,732.59 $268,362.16 $1,847.27 $22,167.24 $290,529.40 $1,884.22 $22,610.59 $313,139.99 $1,921.90 $23,062 .80 $336,202.79 $1,960.34 $23,524.06 $359,726.85 $1,999.54 $23,994.54 $383,721.38 $2,039.54 $24,474.43 $408,195 .81 $2,080.33 $24,963.92 $433,159.73 $2,121.93 $25,463 .19 $458,622.92 $2,164.37 $25,972.46 $484,595.38 $2,207.66 $26,491.91 $511,087.29 $2,251.81 $27,021.75 $538,109.04 $2,296.85 $27,562 .18 $548,871.22 $2, 342.79 $28,113.42 $559,848.64 $2,389.64 $28,675.69 $571,045.61 $2,437.43 $29,249.21 $651,709 .54 $2,486.18 $29,834.19 $681,543.73 $2,535.91 $30,430.87 $711,974.61 $2,586.62 $31,039.49 $743,014.10 $2,638.36 $31,660.28 $774,674.38 $2,691.12 $32,293.49 $806,967.87 $2,744.95 $32,939.36 $839,907.22 $2,799.85 $33,598.14 $873,505.37 $2,855.84 $34,270.11 $907,775.48 $2,912.96 $34,955.51 $942,730.99 $2,971.22 $35,654.62 $978,385.61 $3,030.64 $36,367.71 $1,014,753.32 $3,091.26 $37,095.07 $1,051,848.38 $3,153.08 $37,836.97 $1,089,685.35 $3,216.14 $38,593.71 $1,128,279.06 $3,280.47 $39,365.58 $1,167,644.64 $3,346.07 $40,152.89 $1,207,797.53 $3,413 .00 $40,955.95 $1,248,753.48 $3,481.26 $41,775 .07 $1,290,528.55 $3,550.88 $42,610.57 $1,333,139.12 $3, 621.90 $43,462.78 $1,376,601.91 $3,694.34 $44,332.04 $1,420,933.94 $3,768.22 $45,218.68 $1,449,352.62 $3,843.59 $46,123.05 $1,478,339.68 $3,920.46 $47,045.51 $1,507,906.47 $3,998.87 $47,986.42 $1,538,064.60 $4,078.85 $48,946.15 $1,568,825.89 Page 12 of 12