NEH Application Cover Sheet (CH-233732) Challenge Grants
PROJECT DIRECTOR Ms. Lucinda Brockway E-mail: [email protected] Program Director, Cultural Resources Phone: 978-921-1944 x 1879 572 Essex Street Fax: Beverly, MA 01915-1530 USA
Field of expertise: Museum Studies or Historical Preservation INSTITUTION The Trustees of Reservations Beverly, MA 01915-1530
APPLICATION INFORMATION Title: A New Gateway for the Old Manse: Constructing a Visitor Welcome Center at a National Historic Landmark in Concord, Massachusetts Grant period: From 2016-01-01 to 2020-12-31 Project field(s): U.S. History; Intellectual History; American Literature
Description of project: The Trustees of Reservations propose to construct a visitor Welcome Center at the Old Manse in Concord, MA. This National Historic Landmark served as the inspiration and gathering place for many generations of prominent intellectuals, including celebrated Transcendentalist thinkers and their contemporaries. Today the property is an authentic historic house museum, but it lacks adequate facilities to orient visitors or provide visitor services. The Old Manse Welcome Center will be built in the same location and at the same scale as a barn which stood on the property between 1774 and 1924. The new building will create space for more innovative and interactive site interpretation, and it will enable off-season and evening programs in a facility with proper heat, lighting, and universal accessibility. The project will allow many more visitors to experience and appreciate the Old Manse, and will facilitate collaborations with partner organizations and scholars in the humanities.
BUDGET Fiscal Year #1 175,000.00 Total from NEH 450,000.00 Fiscal Year #2 175,000.00 Non-Federal 1,350,000.00 Fiscal Year #3 75,000.00 Total 1,800,000.00 Fiscal Year #4 25,000.00 Matching Ratio 3 to 1
GRANT ADMINISTRATOR Ms. Tracy Dyke-Redmond E-mail: [email protected] 200 High Street Phone: 781-784-0567 x 7508 Boston, MA 02110-3020 Fax: USA 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU
$1HZ*DWHZD\IRUWKH2OG0DQVH&RQVWUXFWLQJD9LVLWRU:HOFRPH&HQWHU DWD1DWLRQDO+LVWRULF/DQGPDUNLQ&RQFRUG0$ 7DEOHRI&RQWHQWV
$EVWUDFW %XGJHW ,QVWLWXWLRQDO)DFW6XPPDU\ )LQDQFLDO6XPPDU\ 1DUUDWLYH /LVWRI7UXVWHHVDQG6WDII 3URMHFW'LUHFWRU5HVXPH /HWWHUVRI6XSSRUW $WWDFKPHQW͗&XUUHQWDQG+LVWRULF,PDJHVRI7KH2OG0DQVH $WWDFKPHQW$UFKLWHFW·V5HQGHULQJVRIWKH3ODQQHG:HOFRPH&HQWHU 3DFNDJH6XEPLWWHGWRWKH6WDWH+LVWRULF3UHVHUYDWLRQ2IILFHU /LVWRI&RQVXOWLQJ3DUWLHV
1RWH:HDUHQRWLQFOXGLQJDQDUFKDHRORJLFDOVXUYH\IRUWKH$UHDRI3RWHQWLDO(IIHFWVDW WKLVWLPHEXWZHXQGHUVWDQGWKDWLIZHUHFHLYHDFKDOOHQJHJUDQWRIIHUWKH1DWLRQDO (QGRZPHQWIRU+XPDQLWLHV·6HFWLRQUHYLHZZLOOEHGHOD\HGXQWLOZHKDYHVXEPLWWHG WKHVXUYH\
GRANT11902217 - Attachments-ATT1-1234-0 - Table of Contents.pdf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·V&RPPRQ*RRG,QLWLDWLYHVXFKDVKRZFDQWKHKXPDQLWLHVGHHSHQ SXEOLFXQGHUVWDQGLQJRISROLWLFDOKLVWRU\DQGFLWL]HQVKLSFRQWULEXWHWRWKHFRQVLGHUDWLRQRIPDQ·V FRQQHFWLRQVWRWKHQDWXUDOZRUOGDQGVXSSRUWQHZIRUPVRIFRPPXQLW\DQGXQGHUVWDQGLQJ
7RGD\WKH2OG0DQVHLVDQDXWKHQWLFKLVWRULFKRXVHPXVHXPWKDWGUDZVYLVLWRUVIURPDURXQGWKH FRXQWU\DQGDURXQGWKHZRUOG7KHKRXVHDQGLWVFRQWHQWVDQGWKHVXUURXQGLQJODQGVFDSHKDYHFKDQJHG OLWWOHRYHUWKHJHQHUDWLRQV/D\HUVRIZDOOSDSHUIURPFHQWXULHVDJRVWLOOFOLQJWRWKHSODVWHUZDOOVDQG KLVWRULFDO¶JUDIILWL·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
7KHWRWDOFRVWRIWKHSURMHFWLVPLOOLRQRIZKLFK7KH7UXVWHHVKDYHDOUHDG\UDLVHG:H KDYHLGHQWLILHGPRUHWKDQDGR]HQSRWHQWLDOOHDGGRQRUVIRUWKH2OG0DQVH:HOFRPH&HQWHUDQGZH KDYHJDWKHUHGDKLJKO\UDWHGSURVSHFWSRROWRVXSSRUWWKHSURMHFW
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
GRANT11902217 - Attachments-ATT2-1235-1 - Abstract.pdf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ttachments-ATT3-1236-2 - Budget.pdf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ttachments-ATT3-1236-2 - Budget.pdf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·JRYHUQDQFHVWUXFWXUHFRQVLVWVRIWKHIROORZLQJJURXSVRI YROXQWHHUV2IILFHUV%RDUGRI'LUHFWRUV&RUSRUDWH7UXVWHHV/LIH7UXVWHHV$GYLVRU\&RXQFLODQG&KDLUPDQ·V &RXQFLODORQJZLWK&RPPLWWHHVRIWKH%RDUGRI'LUHFWRUVVXFKDVWKH+LVWRULF5HVRXUFHV&RPPLWWHH7KH 7UXVWHHV·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·FROOHFWLRQVLQFOXGHREMHFWVFDWDORJXHGERRNV OLQHDUIHHWRIDUFKLYHVLQFOXGLQJRYHUSULYDWHPDQXVFULSWFROOHFWLRQVDQG\HDUVRILQVWLWXWLRQDOKLVWRU\ UHODWHGWRWKHODQGWUXVWPRYHPHQWDQGWKHKLVWRU\RIFRQVHUYDWLRQ LQ WKH 1RUWKHDVW &XOWXUDO UHVRXUFHV LQFOXGHDUFKLYHVREMHFWVEXLOGLQJVODQGVFDSHVUXLQVDQGDUWLIDFWVFRYHULQJKXQGUHGVRI\HDUVRIKXPDQKLVWRU\ +LVWRULFKRXVHVVSDQWKH\HDUV²DQGUHSUHVHQWDUFKLWHFWV0F.LP0HDGDQG:KLWH-RVHSK(YHUHWW &KDQGOHU8OULFK)UDQ]HQDQGPDQ\RWKHUV'HVLJQHGODQGVFDSHVLQFOXGHWKHZRUNRI)UHGHULFN/DZ2OPVWHG )OHWFKHU6WHHOH$UWKXU6KXUFOLII&KDUOHV3ODWWDQGPDQ\RWKHUV 7KH 7UXVWHHV· REMHFW FROOHFWLRQV LQFOXGH DUFKDHRORJLFDO DUWLIDFWV GRPHVWLF IXUQLVKLQJV HSKHPHUD RXWGRRUVFXOSWXUHVDQGILQHDQGGHFRUDWLYHDUWV :RUNVRIDUWLQFOXGHSDLQWLQJVDQGVFXOSWXUHVE\(DVWPDQ-RKQVRQ(OOHQ(PPHWW5DQG-RKQ6LQJHU6DUJHQW 3DXO0DQVKLS-RKDQ6HOPHU/DUVRQDQGPDQ\PRUH$UFKDHRORJLFDOVKDUGVIURPWZRWKFHQWXU\H[FDYDWLRQV LQ,SVZLFKDQG:HVWSRUWQXPEHUPRUHWKDQ $FFUHGLWDWLRQ ,Q 7KH 7UXVWHHV FRPSOHWHG WKH UHDFFUHGLWDWLRQ SURFHVV WKURXJK WKH /DQG 7UXVW $FFUHGLWDWLRQ&RPPLVVLRQDQLQGHSHQGHQWQRQSURILWWKDWFHUWLILHVODQGWUXVWV·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´([SORULQJWKH&XOWXUDO/DQGVFDSHDQGµµ+DZWKRUQH·V%LUWKGD\µ%RWKDFDGHPLFVDQGYLVLWRUVKDYHSUDLVHGWKH TXDOLW\RIWKHSURJUDPVDQGWRXUVDWWKH2OG0DQVHDVGRFXPHQWHGLQWKHDWWDFKHG/HWWHUVRI6XSSRUW GRANT11902217 - Attachments-ATT4-1237-3 - Institutional Fact Summary.pdf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ttachments-ATT5-1238-4 - Financial Summary.pdf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´1DWXUHµ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·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ϲ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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²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·VULJKWVPRYHPHQWVDQGZKRVRXJKWWR LPSURYHWKHORWVRIZRUNHUVWKHPHQWDOO\LOOWKHGHDIDQGWKHEOLQG7KH\FULWLFL]HGJRYHUQPHQW RUJDQL]HGUHOLJLRQODZVVRFLDOLQVWLWXWLRQVDQGFUHHSLQJLQGXVWULDOL]DWLRQ7KH\FKDPSLRQHGWKHYDOXHRI VHOIUHOLDQFHDQGWKH\GHEDWHGZLWKHDFKRWKHUDQGZLWKWKHLUFRQWHPSRUDULHVLQWKH$PHULFDQ 5HQDLVVDQFH$V5DOSK:DOGR(PHUVRQFDSWXUHGWKHVSLULWRIWKHPRYHPHQW´:HZLOOZDONRQRXURZQ IHHWZHZLOOZRUNZLWKRXURZQKDQGVZHZLOOVSHDNRXURZQPLQGV$QDWLRQRIPHQZLOOIRUWKHILUVW ϳ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU WLPHH[LVWEHFDXVHHDFKEHOLHYHVKLPVHOILQVSLUHGE\WKH'LYLQH6RXOZKLFKDOVRLQVSLUHVDOOPHQµ7KH 2OG0DQVHSURYLGHVDZLQGRZLQWRWKHLQVSLUDWLRQIRUWKHVHLQIOXHQWLDOWKLQNHUVRIWKHWKFHQWXU\DQG KRZWKHLULGHDVFRQWLQXHWRVKDSH$PHULFDQFXOWXUHDQGYDOXHV ,QWHUPVRI$PHULFDQUHYROXWLRQDU\LQWHOOHFWXDODQGOLWHUDU\KLVWRU\HPDQDWLQJIURPMXVWRQH SODFHWKHUHLVQRRQHKRXVHPRUHVLJQLILFDQWLQWKH8QLWHG6WDWHVWKDQWKH2OG0DQVH,WVVLQJXODU LPSRUWDQFHVKLQHVDFURVVWKHFHQWXULHV/HDGLQJKXPDQLWLHVVFKRODUVDWWHVWWRWKHKRPH·VVLJQLILFDQFH 5REHUW*URVVRQHRIWKHQDWLRQ·VOHDGLQJ5HYROXWLRQDU\SHULRGKLVWRULDQVDQGDXWKRURIWKHJURXQG EUHDNLQJVWXG\7KH0LQXWHPHQDQGWKHLU:RUOG QRWHV´)HZVWUXFWXUHVFRQWDLQDVPXFK$PHULFDQ KLVWRU\DQGHYRNHVXFKULFKFXOWXUDOWUDGLWLRQV>DVWKH2OG0DQVH@«LWLVDQLPSRUWDQWYHKLFOHIRU WUDQVPLWWLQJNQRZOHGJHDERXWRXUFXOWXUDODQGLQWHOOHFWXDOKLVWRU\WRWKHEURDGHUSXEOLFµ+DUYDUG·V /DZUHQFH%XHOODOHDGLQJDXWKRULW\RQDQWHEHOOXP$PHULFDQOLWHUDWXUHDQG$PHULFDQ7UDQVFHQGHQWDOLVP VD\V´,WRRKDYHIRXQGP\VHOIRQHYHU\RQHRIP\WHQRUVRYLVLWVZLWKVWXGHQWVOHDUQLQJQHZWKLQJV DERXWWKHKLVWRU\,WKRXJKW,KDGDOUHDG\PDVWHUHGµ 7KH2OG0DQVHLVXQLTXHO\VLWXDWHGWRLQYLWHYLVLWRUVWRHQJDJHLQTXHVWLRQVUHODWHGWR1(+·V &RPPRQ*RRG,QLWLDWLYHVXFKDVKRZFDQWKHKXPDQLWLHVGHHSHQSXEOLFXQGHUVWDQGLQJRISROLWLFDO KLVWRU\DQGFLWL]HQVKLSFRQWULEXWHWRWKHFRQVLGHUDWLRQRIPDQ·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ϴ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU +LVWRU\RIWKH2OG0DQVH 7KH2OG0DQVHZDVEXLOWLQIRUSDWULRWPLQLVWHU:LOOLDP(PHUVRQWKHJUDQGIDWKHURI5DOSK :DOGR(PHUVRQ.QRZQDVWKH´3DWULRW3ULHVWµ5HYHUHQG(PHUVRQZDVSROLWLFDOO\DFWLYHGXULQJWKH VSUHDFKLQJDJDLQVWWKH%ULWLVK3DUOLDPHQW·VFRORQLDOSROLFLHVDQGZULWLQJVHUPRQVWKDWSURYLGHGDQ LGHRORJ\IRUUHVLVWDQFHDQGLQGHSHQGHQFH,QWKHVNLUPLVKDWWKH2OG1RUWK%ULGJHWKDWVSDUNHG WKH$PHULFDQ5HYROXWLRQWRRNSODFHMXVWDIHZKXQGUHGIHHWIURPWKH2OG0DQVH(PHUVRQVHUYHGDV &KDSODLQRIWKH0DVVDFKXVHWWV3URYLQFLDO&RQJUHVVDQG&KDSODLQRIWKH&RQWLQHQWDO$UP\DQGKHODWHU GLHGRI´FDPSIHYHUµHQURXWHKRPHIURP)RUW7LFRQGHURJD1HZ $IWHUKLVGHDWKLQ(PHUVRQ·VZLGRZPDUULHGDQHTXDOO\LPSRUWDQWWKHRORJLDQWKH 5HYHUHQG(]UD5LSOH\ 5LSOH\VHUYHGDV&RQFRUG·V&RQJUHJDWLRQDO0LQLVWHUDQGKH SRVVHVVHGH[WUDRUGLQDU\SHUVRQDODQGVSLULWXDODXWKRULW\5LSOH\ VWKHRORJLFDOYLHZVHYROYHGRYHUWKH FRXUVHRIKLVORQJPLQLVWU\DQGKHHYHQWXDOO\FDPHWRUHMHFWWKHGRFWULQHRIWKH7ULQLW\DQGWUDQVIRUPHG KLVFRQJUHJDWLRQLQWRD8QLWDULDQFKXUFK7KLVFKDQJHFUHDWHGDUHOLJLRXVDQGPRUDOFOLPDWHLQ&RQFRUG ZKLFKQXUWXUHGWKHZULWHUVDUWLVWVDQGSROLWLFDOILJXUHVRIWKHFRPLQJ$PHULFDQ5HQDLVVDQFH:KHQKH GLHGLQ5LSOH\·VVWHSJUDQGVRQ5DOSK:DOGR(PHUVRQ ZURWH7KHIDOORIWKLVRDN PDNHVVRPHVHQVDWLRQLQWKHIRUHVWROGDQGGRRPHGDVLWZDV 7KH0DQVHSOD\HGDQLPSRUWDQWVSLULWXDODQGIRUPDWLYHUROHLQ5DOSK:DOGR(PHUVRQ·VOLIH+H ORGJHGWKHUHUHJXODUO\DQGFRQVWDQWO\YLVLWHGKLVJUDQGIDWKHUDQGVWHSJUDQGIDWKHU·VKRPHJDLQLQJPXFK LQVSLUDWLRQIURPWKHKRXVHLWVOD\HUVRIKLVWRU\DQGWKHEXFROLFODQGVFDSHVXUURXQGLQJLW,Q (PHUVRQZURWHKLVVHPLQDOZRUN1DWXUHLQWKH0DQVH·VXSVWDLUVVWXG\SURSRVLQJWKDWPDQFDQPRUH HDVLO\XQGHUVWDQGUHDOLW\DQGWKHGLYLQHE\VWXG\LQJQDWXUH (]UD5LSOH\·VVRQ6DPXHO5LSOH\ LQKHULWHGWKHKRXVHDQGLQUHQWHGLWWR 1DWKDQLHO+DZWKRUQHDQGKLVQHZZLIH6RSKLD7KHFRXSOHUHQDPHGWKHKRXVHWKH2OG0DQVHDQGLW VHUYHGDVWKHLUPXVH1DWKDQLHOZURWHDQG6RSKLDSDLQWHG1DWKDQLHO+DZWKRUQH·VFROOHFWLRQRIVKRUW ϵ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU VWRULHVZULWWHQLQWKHKRXVH0RVVHVIURPDQ2OG0DQVH GUHZFULWLFDODFFODLPLQ+HUPDQ0HOYLOOH·V VHPLQDOHVVD\´+DZWKRUQHDQGKLV0RVVHVµ 0HOYLOOHFLWHV+DZWKRUQH·V0DQVHZRUNVDVLGHDOO\ UHSUHVHQWLQJWKHQHZIRUPVDQGVW\OHVRI$PHULFDQOLWHUDWXUHZKLFKHPHUJHGGXULQJWKH$PHULFDQ 5HQDLVVDQFH 7KUHH\HDUVODWHU6DPXHO5LSOH\UHWLUHGIURPKLV0LQLVWHU·VSRVWLQ:DOWKDP0DVVDFKXVHWWVDQG UHTXHVWHGWKDWWKH+DZWKRUQH·VYDFDWHWKHSURSHUW\VRWKDWKHFRXOGUHWXUQWR&RQFRUGZLWKKLVZLIH 6DUDK$OGHQ%UDGIRUG5LSOH\ DVFKRODUDQGERWDQLVWDQGRQHRIWKHPRVWSUHHPLQHQW ZRPHQRI0DVVDFKXVHWWVLQKHUGD\ 7KHKRXVHVWD\HGLQWKH5LSOH\IDPLO\SDVVLQJWR6RSKLD5LSOH\7KD\HUDQGWKHQWR6DUDK7KD\HU $PHV%\WKH2OG0DQVHZDVSULPDULO\DVXPPHUKRXVHIRUWKHH[WHQGHG7KD\HUDQG$PHV IDPLOLHV,QZKHQ6DUDK7KD\HU$PHVGLHGWKHSURSHUW\DQGIXUQLVKLQJVZHUHSXUFKDVHGE\7KH 7UXVWHHVDWWKHIDPLO\·VVXJJHVWLRQ7KHIDPLO\IHOWVWURQJO\WKDWWKHKRXVHDQGLWVKLVWRU\VKRXOGEH SUHVHUYHGLQSHUSHWXLW\7KH7UXVWHHVRSHQHGWKH2OG0DQVHWRWKHSXEOLFIRUJXLGHGWRXUVLQ FDUU\LQJRQDWUDGLWLRQVWDUWHGE\WKHIDPLO\ &XOWXUDO5HVRXUFHVDWWKH2OG0DQVH 9LVLWRUVRIWHQFLWHWKHZRUG´DXWKHQWLFµZKHQGHVFULELQJWKHSURSHUW\7KHKRXVHDQGLWV FRQWHQWVKDYHFKDQJHGOLWWOHRYHUWKHJHQHUDWLRQVDQGWKHURRPVWHOOWKHVWRU\RILWVLQKDELWDQWV/D\HUV RIZDOOSDSHUIURPFHQWXULHVDJRVWLOOFOLQJWRWKHSODVWHUZDOOVDQGJUDIILWLLVVFULEEOHGOLEHUDOO\RQ IXUQLWXUHLQFORVHWVDQGHYHQHWFKHGRQZLQGRZV7KHLQKDELWDQWVRIWKHKRXVHDGDSWHGIXUQLWXUHDV QHHGVGLFWDWHGWUDQVIRUPLQJVWDWHO\SLHFHVLQWRVRPHWKLQJPRUHSUDFWLFDOJHQHUDWLRQVODWHU$VHULHVRI WKFHQWXU\SULQWVRI´JULPµPLQLVWHUVWKDWRQFHSUHVLGHGLQWKHVWXG\QRZKDQJLQWKHKDOOZD\ZKHUH 1DWKDQLHO+DZWKRUQHUHOHJDWHGWKHPZKHQKHZDVXQVHWWOHGE\WKHLUSUHVHQFH7KHJDUGHQSODQWHGE\ 7KRUHDXIRUWKH+DZWKRUQHVDVDZHGGLQJSUHVHQWVWLOOJURZVLQWKHVDPHVSRWLQWKHIURQW\DUG7KH ODQGVFDSHWKDWLQVSLUHGVRPDQ\ZULWHUVUHPDLQVYLUWXDOO\XQFKDQJHGRYHUWKUHHFHQWXULHV7KHVH ϭϬ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU DXWKHQWLFIHDWXUHVJLYHWKHKRXVHFUHGLELOLW\ZKLOHWKHOLYHGLQDQGLQIRUPDOWRQHLVLQYLWLQJWRDZLGH UDQJHRIYLVLWRUV$VDUHVXOWWKHKRXVHLVFKDUPLQJLQLWVDSSURDFKDELOLW\$XJPHQWHGZLWKDULFKQHVVRI ILUVWKDQGDFFRXQWVZULWWHQE\WKHKRPH·VLQKDELWDQWVDQGYLVLWRUVRYHUWLPHWKHKRXVHLVDXQLTXH VHWWLQJLQZKLFKWRHQJDJHYLVLWRUVLQDGLVFXVVLRQRIWKHYDOXHVWUDGLWLRQVDQGLQIOXHQFHVWKDWFRQWLQXH WRLPSDFWXVWRGD\ 7KH2OG0DQVH·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·VHDUO\$IULFDQ$PHULFDQIDPLOLHVVRPHRIZKRPKDGWLHVWRWKH2OG0DQVH ϭϭ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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·VXQLTXHKLVWRULFDOFXOWXUDODQG QDWXUDOUHVRXUFHV&XUUHQWO\7KH7UXVWHHVRIIHUWRXUVRIWKHKLVWRULFKRXVHWKHDWWLFDQGWKH ODQGVFDSHDVZHOODVSURJUDPPLQJIRUHGXFDWLRQDOJURXSVDQGWKHJHQHUDOSXEOLF*HQHUDOWRXUVDGGUHVV WKHEURDGVZHHSRIWKHKRXVH·VKLVWRU\DQGLQFOXGHGLVFXVVLRQRIERWKWKH$PHULFDQ5HYROXWLRQDQGWKH $PHULFDQ5HQDLVVDQFHLQWKHFRQWH[WRISODFHPHPRU\DQGWKHFXOWXUDOODQGVFDSH'HSHQGLQJRQWKH LQWHUHVWVRIYLVLWRUVWRXUJXLGHVLQWHUSUHWWKHVLWHLQWHUPVRILWVDUWDUFKLWHFWXUHDQGODQGVFDSH (GXFDWLRQDOWRXUVDQGSURJUDPVDUHFXVWRPL]HGWRPHHWWKHQHHGVRIVSHFLILFFXUULFXODDQGRIWHQ ϭϮ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU W\SLFDOO\UHODWHWKH2OG0DQVHWRWKFHQWXU\XUEDQDQGLQGXVWULDOKLVWRU\6SHFLDOL]HGWRXUVHQDEOH YLVLWRUVWRYLHZWKHURRPVRIWKHHQVODYHGSHRSOHDQGVHUYDQWVZKROLYHGDQGZRUNHGDWWKH2OG0DQVH DQGLQSDUWQHUVKLSZLWKWKH'ULQNLQJ*RXUG3URMHFWWKH2OG0DQVHKDVKRVWHGDQWLVODYHU\WRXUV H[SORULQJ&RQFRUG·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·DELOLW\WRRIIHUDPRUHIOH[LEOHDQGFRPSUHKHQVLYHDSSURDFKWR VKDULQJWKHSURSHUW\ZLWKYLVLWRUV 7KHSODQQHG:HOFRPH&HQWHUZLOOSURYLGHDQHHGHGJDWHZD\DQGLQWURGXFWLRQWRWKHSURSHUW\ 7KHSURMHFWSODQVFDOOIRUDUHGHVLJQHGHQWUDQFHZKHUHODQGVFDSLQJSODQWLQJVDQGSDWKZD\VFRQJUXHQW ZLWKWKHKLVWRULFVLWHZLOOOHDGYLVLWRUVWRWKH:HOFRPH&HQWHU7KHH[WHULRURIWKHQHZEXLOGLQJZLOO VHUYHDVDYLVXDOFRQWUDVWWRWKHKLVWRULFKRPHZLWKRXWGHWUDFWLQJIURPLWVSUHVHQFH7KHGHVLJQRIWKH ϭϯ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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·JRDOLVWRLQYLWHYLVLWRUVWREHLQVSLUHGE\WKH2OG0DQVHDVZHUHWKHDUWLVWV ZULWHUVDQGWKLQNHUVZKRJDWKHUHGDWWKLVVSHFLDOSODFH:HKDYHLGHQWLILHGIRXUNH\WKHPHVZHSODQWR LQFRUSRUDWHLQWRRXULQWHUSUHWDWLRQDQGSURJUDPPLQJDWWKH:HOFRPH&HQWHUDQGKLVWRULFKRPH %H,QVSLUHGWR7KLQN'HHSO\7KH2OG0DQVHZDVDQXFOHXVRILQWHOOHFWXDODFWLYLW\GXULQJWKH SHULRGNQRZQDVWKH$PHULFDQ5HQDLVVDQFH F ,QSDUWLFXODUPDQ\RIWKHKRPH·VUHVLGHQWV DQGJXHVWVLQWKLVHUDVXFKDV5DOSK:DOGR(PHUVRQ+HQU\'DYLG7KRUHDXDQG0DUJDUHW)XOOHUZHUH FHQWUDOILJXUHVLQWKHGHYHORSPHQWWKH$PHULFDQ7UDQVFHQGHQWDOLVWPRYHPHQWDQGDOVRRXWVSRNHQ SURSRQHQWVRIDEROLWLRQ:ULWHUVDQGDFWLYLVWVVXFKDVWKHVHGHYHORSHGDUDQJHRILGHDVWKDWLQVSLUHG ϭϰ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU SKLORVRSKLHVUHPDLQLQJDWWKHFRUHRISUHVHQWGD\$PHULFDQFXOWXUHDQGYDOXHVVXFKDVLQGLYLGXDOLVP VHOIUHOLDQFHVHOIGHYHORSPHQWIUHHGRPDQGWKHUHODWLRQVKLSRIWKHLQGLYLGXDOZLWKVRFLHW\DQGZLWK QDWXUH %H,QVSLUHGE\+LVWRU\7KH2OG0DQVHLVXQLTXHEHFDXVHLWZLWQHVVHGWZRUHYROXWLRQVWKH SROLWLFDODQGWKHFXOWXUDO,WLVDSODFHZKHUHRQHFDQVWHSEDFNLQWLPHWRUHOLYHVRPHRIWKHPRVW VLJQLILFDQWSHULRGVLQ$PHULFDQKLVWRU\7KHJUDQGIDWKHUFORFN´WKHKHDUWEHDWRIWKHKRXVHµZKLFKVWLOO NHHSVWLPHZDVWLFNLQJDZD\DVWKH´VKRWKHDUG¶URXQGWKHZRUOGµ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·VKLVWRU\DQGODQGVFDSHZHUHLQWHJUDOIDFWRUVLQWKH SKLORVRSKLHVDQGOLWHUDWXUHSURGXFHGE\(PHUVRQ7KRUHDXDQG+DZWKRUQH(DFKRIWKHVHWKLQNHUV FKHULVKHGLWVYLVWDVLWVJDUGHQVDQGWKHOXUHRIWKHDGMDFHQW&RQFRUG5LYHU7KHLULGHDVUHJDUGLQJQDWXUH DQG´PDQLQQDWXUHµDUHSUHFXUVRUVWRWKHFRQVHUYDWLRQDQGSUHVHUYDWLRQPRYHPHQWVRIWRGD\DQG FRQWLQXHWREHLQYRNHGLQGLVFXVVLRQRIODQGXVHDQGSUHVHUYDWLRQ,QGHHGWKHVHLGHDVLQVSLUHG7KH ϭϱ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU 7UXVWHHVRI5HVHUYDWLRQV·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ϭϲ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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·VHGJH9LVLWRUVZLOOEHDEOHWRWDNHDVHOIJXLGHGODQGVFDSHWRXUWR H[SORUH´+DZWKRUQH·VSOD\JURXQGµRUWDNHDERDWWULSGRZQWKH&RQFRUG5LYHULQ7KRUHDX·VZDNH7KH PDMRULW\RIWKHLQWHULRUVSDFHZLOOEHRSHQDQGIOH[LEOHZLWKFDIpFKDLUVDQGWDEOHVDVZHOODVVRIWFKDLUV IRUUHDGLQJDQGFRQWHPSODWLRQ'XULQJHYHQWVWKHWDEOHVDQGVRIWFKDLUVZLOOEHPRYHGDVLGHDQGWKH VSDFHZLOODFFRPPRGDWHVHDWLQJIRUXSWRSHRSOH$WWDFKPHQWVKRZVWKHDUFKLWHFW·VUHQGHULQJVRI WKHSODQQHGEXLOGLQJDORQJZLWKLOOXVWUDWLRQVRIWKHW\SHVRILQWHUSUHWLYHDFWLYLWLHVDQGYLVLWRUVSDFHVWKDW PD\EHXVHGDWWKH2OG0DQVH 7KH:HOFRPH&HQWHUVSDFHZLOOUHIOHFWWKH7UXVWHHV SKLORVRSK\RIFUHDWLQJLQWHUDFWLYHDQG YLVLWRUFHQWHUHGLQWHUSUHWDWLRQ)RUH[DPSOHLQWHUSUHWLYHVLJQDJHPD\GLVFXVVWKHSKLORVRSKLHVDQG LQQRYDWLRQVWKDWZHUHFUHDWHGDQGGHEDWHGKHUHDQGHQFRXUDJHYLVLWRUVWRFRQWLQXHWKHFRQYHUVDWLRQ ZLWKRSHQHQGHGTXHVWLRQV9LVLWRUVPD\EHLQYLWHGWR´OHDYHWKHLUPDUNµDVWKH+DZWKRUQHVGLGRQWKH ϭϳ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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´SRSXSµH[KLELWLRQVRIIHDWXUHG REMHFWVERRNVDQGZRUNVRQSDSHUIURPWKHFROOHFWLRQRQDURWDWLQJEDVLV7RXUVZLOOEHJLQLQWKH ϭϴ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU FXUUHQWERRNVWRUHDUHDZKHUHYLVLWRUVZLOOEHDEOHWRVHFXUHO\OHDYHSHUVRQDOEHORQJLQJV9LVLWRUVZLOO VHHDYLVXDO´VQDSVKRWµ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·FXOWXUDOUHVRXUFHV7KH7UXVWHHVDUHFRQGXFWLQJDQLQ GHSWKLQYHQWRU\RIDOORXUFXOWXUDOSURSHUWLHVVWDWHZLGHZLWKSULRULW\DWWHQWLRQRQWKH2OG0DQVHDQGLWV FROOHFWLRQ 7KH7UXVWHHVKDYHLQYLWHGDJURXSRIGHFRUDWLYHDUWVH[SHUWVDQGVFKRODUVWRDXJPHQWRXURZQ FXUDWRULDODQGDUFKLYDOWHDPDVZHH[SORUHWKH2OG0DQVH·VFROOHFWLRQVDQGSODQIRUWKHIXWXUHRIWKH VLWH,Q7KH'HFRUDWLYH$UWV7UXVW·V)DOO6\PSRVLXP)RXU&HQWXULHVRI0DVVDFKXVHWWV)XUQLWXUHWRRN SODFHLQ&RQFRUGDQGEURXJKWQDWLRQDOO\NQRZQGHFRUDWLYHDUWVFKRODUVVXFKDV:LQWHUWKXU·V%URFN -REHWRWKH2OG0DQVH3URIHVVRU-REHDQGWKH2OG0DQVHVWDIIVXEVHTXHQWO\ZRUNHGWRGRFXPHQWWKH KLVWRULFUDUHSLHFHVRIIXUQLWXUHIRULQFOXVLRQLQDQDWLRQDOGDWDEDVHRI%RVWRQDUHDIXUQLWXUH 7KH7UXVWHHVKDYHDOVRHQJDJHGHVWHHPHGGHFRUDWLYHDUWVVSHFLDOLVWV-DQHDQG5LFKDUG1\ODQGHUWR H[DPLQHWKHKRXVH·VZDOOSDSHUXSKROVWHU\DQGZLQGRZWUHDWPHQWKLVWRU\7KH7UXVWHHVDOVRVRXJKWWKH DGYLFHRIWKH4PFRQVXOWLQJWHDPZKLFKUHIOHFWHGRQFXUUHQWLQWHUSUHWDWLRQVWUDWHJLHVDQGSURYLGHG ϭϵ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU VXJJHVWLRQVIRUIXWXUHLQWHUSUHWLYHSODQQLQJ7KH7UXVWHHVDUHZRUNLQJZLWKH[SHUWFRQVXOWDQWVWRSODQ IRUUHVWRULQJDQGSUHVHUYLQJWKHLQWHULRURIWKHKLVWRULFKRPH1RWHGSDLQWFRQVHUYDWRU&KULVWLQH 7KRPVRQFRQGXFWHGSDLQWDQDO\VLVRQYDULRXVURRPVWRDVFHUWDLQWKHSURJUHVVLRQRISDLQWFRORUVZLWKLQ HDFKVSDFH)XUQLWXUHFRQVHUYDWRU0HOLVVD&DUUZKRKDVZRUNHGZLWKREMHFWVDWWKH0XVHXPRI)LQH $UWVLQ%RVWRQDQG2OG6WXUEULGJH9LOODJHVXUYH\HGVHYHUDORIWKH2OG0DQVH·VIXUQLWXUHSLHFHVDQG UHFRPPHQGHGDORQJWHUPSURJUDPIRUSUHVHUYDWLRQ:LWKVXSSRUWIURPWKH7RZQRI&RQFRUG·V &RPPXQLW\3UHVHUYDWLRQ&RPPLVVLRQ7KH7UXVWHHVDOVRHQJDJHG5LFN.HUVFKQHU'LUHFWRURI 3UHVHUYDWLRQDQG&RQVHUYDWLRQDWWKH6KHOEXUQH0XVHXPWRFRQGXFWDVXUYH\RIWKHSURSHUW\·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·VLQWHUSUHWLYHVWUDWHJLHV 7KHDGGLWLRQRID:HOFRPH&HQWHUZLOOHQDEOHWKHVLWHWRIXOILOOLWVLQWHUSUHWLYHSRWHQWLDOE\SURYLGLQJ VSDFHVZKHUHVWDIIFDQVWDJHIXWXUHKXPDQLWLHVEDVHGSURJUDPVZLWKFXUUHQWDQGIXWXUHSDUWQHUV 7KH2OG0DQVH·VFROODERUDWRUVLQFOXGHXQLYHUVLWLHVJUDGHVFKRROVOLEUDULHVPXVHXPVKLVWRULF KRXVHVFKXUFKHVWKHDWHUVYROXQWDU\DVVRFLDWLRQVPXVLFDOJURXSVDQGWKH1DWLRQDO3DUN6HUYLFH7KH KLVWRULFKRXVHFXUUHQWO\SDUWQHUVZLWK+DUYDUG8QLYHUVLW\·3URIHVVRU+DUROG/DQJORLVLQDSURJUDP ϮϬ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU HQWLWOHG´$7DOHRI7ZR&LWLHV)URP&RQFRUGWR1HZSRUWµ6XEWLWOHG¶)URP0DQVHVWR0DQVLRQV· SDUWLFLSDQWVFRPSDUHWKRVHWZRYHU\GLIIHUHQW1HZ(QJODQGWRZQVLQRUGHUWRXQUDYHOWKHSDVW7KH2OG 0DQVHDOVRUHJXODUO\SDUWQHUVZLWKWKHDGMDFHQW0LQXWHPDQ1DWLRQDO3DUNDQGRWKHUORFDOKLVWRULFVLWHV 0RVWUHFHQWO\VWDIIFROODERUDWHGLQDSURJUDPHQWLWOHG´7KH+DZWKRUQH)DPLO\0DNLQJ&RQFRUG +RPHµWRFHOHEUDWHWKHOLIHDQGZRUNRI1DWKDQLHO+DZWKRUQHLQWKHWZR&RQFRUGSODFHVKHFDOOHG KRPHWKH2OG0DQVHDQGWKH:D\VLGH0RUHRYHUWKH2OG0DQVHFROODERUDWHVFORVHO\ZLWK&RQFRUG·V 'ULQNLQJ*RXUG3URMHFWQRWRQO\LQSUHVHQWLQJUHJXODU%ODFN+LVWRU\SURJUDPPLQJLQFRQMXQFWLRQZLWK WKH&DHVDU5REELQV+RXVHEXWDOVRE\SURYLGLQJRIILFHDQGPHHWLQJVSDFH *DLQLQJ*URXQGD&RQFRUGQRQSURILWIDUPZKLFKJURZVRUJDQLFSURGXFHIRUKXQJHUUHOLHI FXOWLYDWHVWKH2OG0DQVH·VKLVWRULF7KRUHDX*DUGHQILUVWHVWDEOLVKHGLQ7KLVSDUWQHUVKLSOHGWRDQ LQYLWDWLRQIURPWKH0DVVDFKXVHWWV+LVWRU\&RQIHUHQFHRUJDQL]HUVWRWKH2OG0DQVH6LWH0DQDJHU WRSUHVHQWDSDSHURQWKHWKHPH&KHZRQ7KLV,QWHUSUHWLQJ)RRGLQ0DVVDFKXVHWWV+LVWRU\0RUHRYHUIRU WKHSDVWWZR\HDUVWKH2OG0DQVHKDVEHHQDUHFLSLHQWRIJUDQWVDQGDVVLVWDQFHIURPWKH&RQFRUG *DUGHQ&OXEZKLFKKDVHQULFKHGWKHVLWH·VODQGVFDSHLQWHUSUHWLYHHIIRUWV7KLV\HDUWKHVHUHVRXUFHVZLOO IXQGWKHUHFUHDWLRQRI6RSKLD+DZWKRUQH·VZHOOGRFXPHQWHGKHUEJDUGHQDWWKH2OG0DQVH 2UJDQL]DWLRQDO&RPPLWPHQWWR$GYDQFLQJWKH+XPDQLWLHV )RU\HDUV7KH7UXVWHHVKDYHEHHQGHYRWHGWRFRQVHUYLQJWKHHFRORJLFDOFXOWXUDODQG KLVWRULFFKDUDFWHUWKDWPDNHV0DVVDFKXVHWWV·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Ϯϭ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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·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·VLPSRUWDQWFXOWXUDODQGOLWHUDU\KLVWRU\ WKHUHDUHPDQ\KXPDQLWLHVRUJDQL]DWLRQVZKRVHHNWRKRVWHYHQWVIRUWKHSXEOLFDQGVFKRODUVDWWKHVLWH ϮϮ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU EXWVXFKHQGHDYRUVDUHOLPLWHGE\ODFNRIEDVLFLQIUDVWUXFWXUHDQGSK\VLFDOVSDFH2QWRRPDQ\ RFFDVLRQVZHKDYHWXUQHGDZD\JURXSVZDQWLQJWRXVHWKHSURSHUW\RUZHKDGWRUHVRUWWRKRVWLQJ HYHQWVRIIVLWH)RUH[DPSOHWKH2OG0DQVHUHFHQWO\KRVWHGDWDONE\(OLVD/HPLUHDXWKRURI%ODFN :DOGHQ6ODYHU\DQG,WV$IWHUPDWKLQ&RQFRUG0DVVDFKXVHWWVEXWEHFDXVHRIWKHODUJHDXGLHQFHWKHWDONKDG WREHKHOGGRZQWKHVWUHHWDWWKH)LUVW3DULVK&KXUFK9LVLWRUVFRXOGEULHIO\WRXUWKH2OG0DQVH EHIRUHKDQGDQGH[SORUHWKHTXDUWHUVRQFHLQKDELWHGE\HQVODYHGSHRSOHEXWWKHSURJUDPZRXOGKDYH FHUWDLQO\EHQHILWHGIURPEHLQJRQVLWHWRH[SORUHWKHKRXVHDQGVLWHPRUHIXOO\:KHQSURJUDPVDUHKHOG DWWKH2OG0DQVHLQGLYLGXDOVDUHRIWHQWXUQHGDZD\JLYHQRXUFXUUHQWPHHWLQJVSDFH·VSHUVRQ FDSDFLW\7KLVRFFXUUHGUHFHQWO\DWWKHSRSXODUSURJUDPV´7KH,ULVKLQ&RQFRUGµDQG´7KH2OG0DQVH·V $UWLVWLQWKH$WWLFµ:HDOVRKDYHKDGWRWXUQDZD\VRPHJURXSVHQWLUHO\JLYHQWKHODFNRIVSDFH LQFOXGLQJ0,77KH&RQFRUG:RPHQ·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·OLWHUDU\DQGSKLORVRSKLFDOUHYROXWLRQVWDUWHGGLUHFW FRQWDFWZLWKQDWXUHEULQJLQJWKLQNHUVWRJHWKHUDQGJLYLQJWKHPWKHWLPHDQGVSDFHWRIRUPQHZLGHDV Ϯϯ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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·VUHDFKWRPRUHYLVLWRUVEURDGHQ LWVLPSDFWDQGLQFUHDVHWKHIXQGVDYDLODEOHWRFDUHIRUWKLVH[FHSWLRQDOKLVWRULFSURSHUW\ 7KH7UXVWHHVSURMHFWWKDWWKHRYHUWKHQH[WILYH\HDUVWKHQXPEHURIYLVLWRUVWRWKH2OG0DQVH ZKRFRPHWRWKH:HOFRPH&HQWHUDQGSDUWLFLSDWHLQWRXUVRUSURJUDPVZLOOLQFUHDVHE\QHDUO\ :HEDVHWKLVHVWLPDWHRQDFDUHIXOUHYLHZRISDVWYLVLWDWLRQWUHQGVDQGSURMHFWHGIXWXUHYLVLWDWLRQWUHQGV ZLWKPHPEHUVRIRQVLWHVWDIIHQJDJHPHQWDQGPDUNHWLQJ:HFRQVLGHUHGRXUH[SHULHQFHDWRWKHU SURSHUWLHVDERXWWKHLPSDFWRIHQKDQFHGYLVLWRUVHUYLFHVRQYLVLWDWLRQDQGZHIDFWRUHGLQWKHLPSDFWVRI RIIHULQJ\HDUURXQGLQVWHDGRIVHDVRQDOSURJUDPPLQJGHVLJQLQJLQWHUSUHWDWLRQDQGSURJUDPVWRDSSHDOWR PRUHGLYHUVHDXGLHQFHVLQYHVWLQJLQPDUNHWLQJDQGSXEOLFRXWUHDFKDQGH[SDQGLQJSDUWQHUVKLSVZLWK RWKHULQVWLWXWLRQVVXFKDVWKH&RQFRUG+LVWRULFDO&ROODERUDWLYH 7KHIROORZLQJWDEOHVSURYLGHDQRYHUYLHZRI7KH7UXVWHHV·SURMHFWLRQVIRUFKDQJHVLQYLVLWDWLRQ DQWLFLSDWHGVRXUFHVRIUHYHQXHDQGLQFUHPHQWDOFRVWVRIRSHUDWLQJWKHSURSHUW\RQFHWKHQHZ:HOFRPH Ϯϰ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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Ϯϱ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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·XQGHUVWDQGLQJRIRXULQWHUSUHWLYH WKHPHVLQUHDOWLPH)RUH[DPSOHZHZLOOXVHD´JUDIILWLZDOOµWRDVNYLVLWRUVTXHVWLRQVOLNH´KRZZHUH \RXLQVSLUHGWRGD\"µDQGLQYLWHWKHPWRVKDUHDZULWWHQUHVSRQVHSRHPSLFWXUHRUUHFRUGHGWKRXJKW DERXWWKHLUYLVLW7KHVHUHVSRQVHVFDQEHVKDUHGRQVLWHDQGYLUWXDOO\WKURXJK7KH7UXVWHHV·ZHEVLWH 7KH7UXVWHHVZLOOWUDFNWKHJURZWKLQSURJUDPPLQJE\FRXQWLQJWKHQXPEHUDQGW\SHVRI SURJUDPVRIIHUHGDQGWKHQXPEHURISDUWLFLSDQWV:HZLOOJDWKHUIHHGEDFNRQWKHTXDOLW\RIRXU LQWHUSUHWDWLRQE\LQYLWLQJIHHGEDFNIURPWKHPDQ\SDUWQHUVDQGVFKRODUVZKRSDUWLFLSDWHLQSURJUDPVDW Ϯϲ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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Ϯϳ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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Ϯϴ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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Ϯϵ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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·VXSSRUWIRUWKLVLPSRUWDQWZRUN ϯϬ GRANT11902217 - Attachments-ATT6-1239-5 - Narrative.pdf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·V 0XVHXP $XJXVWD3HUNLQV6WDQLVODZ6HFUHWDU\ 6RXWK+DPLOWRQ0$ &OHPHQW&%HQHQVRQ 1HZ%RDUG0HPEHU +DPLOWRQ0$ 'LUHFWRU,QGXVWULDO0DQXIDFWXULQJ&RPSDQ\ &R3UHVLGHQW,QGXVWULDO0DQXIDFWXULQJ 0HPEHU7XODQH3UHVLGHQW·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pV &DPEULGJH0$ 'LUHFWRU0DVV$XGXERQ 5HJLVWHUHG/DQGVFDSH$UFKLWHFWDQG3ULQFLSDO 0HPEHU&RPPLWWHHIRU3XEOLF3ODQWLQJ &RUWHV$VVRFLDWHV 0HPEHU)ULHQGVRIWKH%RWDQLF*DUGHQ 0HPEHU$GYLVRU\&RPPLWWHH6PLWK&ROOHJH 'DYLG/&RVWHOOR 0DUEOHKHDG0$ 3ULQFLSDO5LVLQJ7LGH$VVRFLDWHV %RDUGRI$GYLVRUV$SSDODFKLDQ0RXQWDLQ&OXE GRANT11902217 - Attachments-ATT7-1240-6 - List of Trustees and Staff.pdf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ttachments-ATT7-1240-6 - List of Trustees and Staff.pdf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ttachments-ATT7-1240-6 - List of Trustees and Staff.pdf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¶UHDGLQJ· WKHFXOWXUDOODQGVFDSHRI1HZ(QJODQGWKHGHVLJQKLVWRU\RI&RXQWU\3ODFH(UDHVWDWHODQGVFDSHVDQG UHODWLQJWKHVHKLVWRULHVWRWKHJHQHUDOSXEOLFLQWHUPVWKDWH[FLWHDQGVWLPXODWHFRQWHPSRUDU\WKLQNLQJ 6HHDWWDFKHGUHVXPHIRUPRUHLQIRUPDWLRQ -DPHV0 GRANT11902217 - Attachments-ATT7-1240-6 - List of Trustees and Staff.pdf 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU &KULVWLH'-DFNVRQ6HQLRU&XUDWRULVUHVSRQVLEOHIRUVWDWHZLGHRYHUVLJKWRIDOOKLVWRULFKRXVH FROOHFWLRQVRIREMHFWV0V-DFNVRQVHUYHVDVWKHKHDGRI7KH7UXVWHHV·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ttachments-ATT7-1240-6 - List of Trustees and Staff.pdf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ttachments-ATT8-1241-7 - Project Director Resume.pdf 6HOHFW$ZDUGV .HOORJJ&LYLF$FKLHYHPHQW$ZDUG1DWLRQDO*DUGHQ&OXEV,QF 1DWLRQDO$ZDUGWR6HDFRDVW*DUGHQ&OXEIRU:DVKLQJWRQ3DUN.HQQHEXQN0(GHVLJQHGE\3DVW 'HVLJQVDQGSDUWLDOO\IXQGHGE\3ULQFLSDO)LQDQFLDO*URXS 0DVVDFKXVHWWV+LVWRULF3UHVHUYDWLRQ&RPPLVVLRQ 3UHVHUYDWLRQ$ZDUGIRU*DUGHQVRIWKH1HZ5HSXEOLF %ULJKW6N\3UHVV 3UHVHUYDWLRQ/HDJXHRI1HZ GRANT11902217 - Attachments-ATT8-1241-7 - Project Director Resume.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf GRANT11902217 - Attachments-ATT9-1242-8 - Letters of Support.pdf 1(+1DUUDWLYH$WWDFKPHQW&XUUHQWDQG+LVWRULF,PDJHVRI7KH2OG0DQVH ͷǣǡ ǣ ǡ ϱϱ GRANT11902217 - Attachments-ATT10-1243-9 - Attachment 1 Old Manse NEH Applic ǣ ͺǣ ϱϲ GRANT11902217 - Attachments-ATT10-1243-9 - Attachment 1 Old Manse NEH Applic ͻǣ ͼǣ ϱϳ GRANT11902217 - Attachments-ATT10-1243-9 - Attachment 1 Old Manse NEH Applic ͽǣ ̹ ̹̹ ;ǣ ϱϴ GRANT11902217 - Attachments-ATT10-1243-9 - Attachment 1 Old Manse NEH Applic Ϳǣ Ǥͷ;ͿͶ ͷͶǣ ǤͷͿͿ ϱϵ GRANT11902217 - Attachments-ATT10-1243-9 - Attachment 1 Old Manse NEH Applic GRANT11902217 - Attachments-ATT11-1244-10 - Attachment 2 Old Manse NEH Appl GRANT11902217 - Attachments-ATT11-1244-10 - Attachment 2 Old Manse NEH Appl GRANT11902217 - Attachments-ATT11-1244-10 - Attachment 2 Old Manse NEH Appl GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic GRANT11902217 - Attachments-ATT12-1245-11- Package Submitted to State Historic 1(+&KDOOHQJH*UDQW 7KH7UXVWHHVRI5HVHUYDWLRQV2OG0DQVH:HOFRPH&HQWHU /LVWRI&RQVXOWLQJ3DUWLHV 1DQF\1HOVRQ6XSHULQWHQGHQW 0LQXWHPDQ1DWLRQDO3DUN /LEHUW\6W&RQFRUG 0$ &RQFRUG+LVWRULF&RPPLVVLRQ 0DUFLD5DVPXVVHQ'LUHFWRU .H\HV5RDG )LUVW)ORRU &RQFRUG0$ 3KRQH &RQFRUG+LVWRULF'LVWULFW&RPPLVVLRQ /DUD.ULW]HU .H\HV5RDG )LUVW)ORRU &RQFRUG0$ 3KRQH 0DVVDFKXVHWWV+LVWRULFDO&RPPLVVLRQ 0RUULVVH\%RXOHYDUG %RVWRQ0$ 3KRQH ϳϲ GRANT11902217 - Attachments-ATT13-1246-12 - List of Consulting Parties.pdf