<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;"><head><meta http-equiv="Content-Type" content="text/html charset=us-ascii"></head><div><blockquote type="cite" style="background-color: rgb(242, 242, 242);"><div leftmargin="0" marginwidth="0" topmargin="0" marginheight="0" offset="0" style="margin: 0px; padding: 0px; position: static; z-index: auto; height: 100% !important; width: 100% !important;"><center><table align="center" border="0" cellpadding="0" cellspacing="0" height="100%" width="100%" id="bodyTable" style="border-collapse: collapse; margin: 0px; padding: 0px; position: static; z-index: auto; height: 100% !important; width: 100% !important;"><tbody><tr><td align="center" valign="top" id="bodyCell" style="margin: 0px; padding: 20px; height: 100% !important; width: 100% !important; border-top-width: 0px;"><table border="0" cellpadding="0" cellspacing="0" width="600" id="templateContainer" style="border-collapse: collapse; border: 0px; position: static; z-index: auto;"><tbody><tr><td align="center" valign="top"><table border="0" cellpadding="0" cellspacing="0" width="600" id="templateColumns" style="border-collapse: collapse; background-color: rgb(255, 255, 255); border-top-width: 0px; border-bottom-width: 0px;"><tbody><tr><td align="left" valign="top" class="columnsContainer" width="50%"><table border="0" cellpadding="0" cellspacing="0" width="100%" class="templateColumn" style="border-collapse: collapse;"><tbody><tr><td valign="top" class="leftColumnContainer"><table class="mcnCaptionBlock" border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse;"><tbody class="mcnCaptionBlockOuter"><tr><td class="mcnCaptionBlockInner" valign="top" style="padding: 9px;"><table class="mcnCaptionBottomContent" align="left" border="0" cellpadding="0" cellspacing="0" width="false" style="border-collapse: collapse;"><tbody><tr><td class="mcnCaptionBottomImageContent" align="left" valign="top" style="padding: 0px 9px 9px;"></td></tr><tr><td class="mcnTextContent" valign="top" width="264" style="color: rgb(96, 96, 96); font-size: 15px; line-height: 22px; padding: 0px 9px;">Read the Region of Waterloo's <a href="http://smartgrowthwaterloo.us7.list-manage.com/track/click?u=8503862a4d025da42ef96c95d&id=118cad17e0&e=a7bb7767c7" target="_blank" style="word-wrap: break-word; color: rgb(109, 198, 221); text-decoration: underline;">news release</a>, or their <a href="http://smartgrowthwaterloo.us7.list-manage.com/track/click?u=8503862a4d025da42ef96c95d&id=08f81bdcba&e=a7bb7767c7" target="_blank" style="word-wrap: break-word; color: rgb(109, 198, 221); text-decoration: underline;">full report</a> on the settlement deal.</td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td><td align="left" valign="top" class="columnsContainer" width="50%"><table border="0" cellpadding="0" cellspacing="0" width="100%" class="templateColumn" style="border-collapse: collapse;"><tbody><tr><td valign="top" class="rightColumnContainer"><table class="mcnCaptionBlock" border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse;"><tbody class="mcnCaptionBlockOuter"><tr><td class="mcnCaptionBlockInner" valign="top" style="padding: 9px;"><table class="mcnCaptionBottomContent" align="left" border="0" cellpadding="0" cellspacing="0" width="false" style="border-collapse: collapse;"><tbody><tr><td class="mcnCaptionBottomImageContent" align="left" valign="top" style="padding: 0px 9px 9px;"></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></center></div></blockquote></div></body></html>