R E S E R V E S T U D Y

Transcription

1 SAGUARO CANYON SUBDIVISION HOMEOWNERS ASSOCIATION R E S E R V E S T U D Y Full Study Published - May 27, 2010 B R O W N I N G R E S E R V E G R O U P ~ Emmett, ID ~ Office (208) Fax (208) Version 5/27/ fs /27/ :43:03 AM Browning Reserve Group 2010

2 SAGUARO CANYON SUBDIVISION Table of Contents Section Report Page Section I: of Association Reserves 1 Section II: 30 Year Expense Forecast Detailed 6 Section III: 30 Year Reserve Funding Plan Cash Flow Method {c} 13 Section III-a: 30 Year Reserve Funding Plan Cash Flow Method - Ending Balances Chart 14 Section IV: 30 Year Reserve Funding Plan Fully Funded Balance and % Funded 15 Section V: Reserve Fund Balance Forecast Component Method 16 Section VI: Component Listing Included Components 20 Section VII: Tabular Component Listing Included Components 47 Section VII-a: Expenditures by Year For 1 Year 50 Section IX: Directory of Reserve Study Contractors 52 Section X: Auditor Notes 55 Section X-a: Supplementary Information for Auditor Component Method 57 Section XI: Glossary Reserve Study Terms 60 Addendum: Homeowner Distribution Materials See Page ii for Details 1608 Version 5/27/ fs /27/ :43:03 AM Browning Reserve Group 2010 TOC - i

3 SAGUARO CANYON SUBDIVISION Homeowner Distribution Materials The following Reserve Study sections should be provided to each Homeowner. Section Report Page Idaho: Homeowner Version 5/27/ fs /27/ :43:03 AM Browning Reserve Group 2010 TOC - ii

4 Section I Reserve Study Full Study Saguaro Canyon Subdivision Homeowners Association A Reserve Study was conducted of (the "Association"). This study is a Full Study which includes an on-site review upon where the following tasks are performed: development of a reserve component inventory; condition assessment based upon on-site visual observation; life and valuation estimates; fund status; and a funding plan. is a Planned Development with a total of 425 LotLots. Physical Inspection Browning Reserve Group ("BRG") conducted a physical inspection of the Association. The inspection encompassed those major components that the Association is required to maintain. For this study components are determined to be major components if: 1. As of the date of the study, they have a remaining useful life of less than 30 years, and a value greater than $1, Such additional components, if any, determined by the Board of Directors. During the inspection, BRG utilized the services of our own construction cost estimator. In addition, independent contractors were retained to render opinions on selected components as indicated in Section VI, Included Component Listing /27/ fs ~ Emmett, ID ~ Office (208) Fax (208) Browning Reserve Group 2010

5 Reserve Study - Full Study 2 Supplemental information to the physical inspection may have been obtained from the following sources: 1. Project plans where available. 2. Maintenance records of the reserve components where available. 3. Association board members, management and staff. of Reserves For the first year of the Reserve Study, the reserve contribution is based upon the existing budget unless otherwise noted in Section III, Reserve Funding Plan. In addition BRG relied on the Association to provide an accurate Beginning Reserve Balance. The status of the Association's reserves, as reflected in the following Reserve Study, is as follows: 1. The Expenditure Forecast of the following Reserve Study identifies the major components which the Association is obligated to repair, replace, restore or maintain, as determined in accordance with the criteria specified above, and specifies for each such component: a. Its current estimated replacement cost; b. Its estimated useful life; and c. Its estimated remaining useful life. 2. It is estimated that the total cash reserves necessary to repair, replace, restore or maintain such major components (in the aggregate) during and at the end of their first remaining useful life is $129,510. [For purposes of this calculation, necessary is defined as the Fully Funded Balance (FFB) (Component Current Cost X Effective Age / Useful Life, including a provision for interest and inflation in future years.)] 3. The current amount of accumulated cash reserves actually set aside to repair, replace, restore, or maintain such major components as of the fiscal year ending December 31, 2011 is estimated to be $59,635, constituting 46.0% of the total expenditures anticipated for all such major components through their first end of useful life replacement. 4. Based upon the schedule of annual reserve contributions necessary to defray the cost of repairing, replacing, restoring or maintaining such major components in the years such expenditures are estimated to be required, it is estimated that annual reserve contributions in the initial amount of $36,771 [$7.21 per Lot per month (average)] for the fiscal year ending December 31, 2011 (the first full fiscal year following first distribution of this report) will be necessary in order to meet all such reserve expenditures when they are projected to come due.

6 Reserve Study - Full Study 3 Funding Assessment Based on the 30 year cash flow projection, the Association's reserves appear adequately funded as the reserve fund ending balances remain positive throughout the replacement of all major components during the next 30 years. Idaho statute imposes no reserve funding level requirements nor does it address funding level adequacy, and although one or more of the reserve fund percentages expressed in this report may be less than one hundred percent, those percentages do not necessarily indicate that the Association's reserves are inadequately funded. Percent Funded Status Based on paragraphs 1-3 above, the Association is 46.0% funded. The following scale can be used as a measure to determine the association s financial picture whereas the lower the percentage, the higher the likelihood of the Association requiring a special assessment, or other large increases to the reserve contribution in the future. Percent Funded Poor % Fair % Strong % Methodology The above recommended reserve contribution for the next fiscal year (and future fiscal years as outlined in Section III, Reserve Fund Balance Forecast) was developed using the cash flow method. This is a method of developing a reserve funding plan where the contributions to the reserve fund are designed to offset the variable annual expenditures from the reserve fund. Different reserve funding plans are tested against the anticipated schedule of reserve expenses until the desired funding goal is achieved. Funding Goals The funding goal employed for is Threshold Funding: Establishing a Reserve funding goal of keeping the Reserve balance above a specified dollar or Percent Funded amount. Depending on the threshold, this may be more or less conservative than Fully Funding.

7 Reserve Study - Full Study 4 Limitations The intention of the Reserve Study is to forecast the Association's ability to repair or replace major components as they wear out in future years. The Reserve Study is not an engineering report. The costs outlined in the study are for budgetary and planning purposes only. Actual bid costs would depend upon the defined scope of work at the time repairs are made. Also, any latent defects are excluded from this report. It should be noted no destructive testing was performed. Statutory Disclosures Compliance The Reserve Study complies with or exceeds all applicable statutes, if any. General: Supplemental Disclosures BRG has no other involvement(s) with the Association which could result in actual or perceived conflicts of interest. Personnel Credentials: N. Anthony Dann graduated from Cal State Northridge with Bachelors & Master of Science degrees in Business Administration, Management and Finance. Diane M. Dann has a Certified Property Manager designation from the Institute of Real Estate Management. Completeness: BRG has found no material issues which, if not disclosed, would cause a distortion of the Association's situation. Reliance on Client Data: Information provided by the official representative of the Association regarding financial, physical, quantity, or historical issues will be deemed reliable by BRG. Scope: This Reserve Study is a reflection of information provided to BRG and assembled for the Association's use, not for the purpose of performing an audit, quality/forensic analysis, health and safety inspection, or background checks of historical records. Reserve Balance: The actual beginning reserve fund balance in this Reserve Study is based upon information provided and was not audited.

8 Reserve Study - Full Study 5 Reserve Projects: Information provided about reserve projects will be considered reliable. Any on-site inspection should not be considered a project audit, quality inspection, or health and safety review. Browning Reserve Group

9 Section II 30 Year Expense Forecast - Detailed Reserve Component Paving Asphalt: Sealing {5,388 Sq. Ft. Pool Parking Lot} Asphalt: Sealing {62,209 Sq. Ft. Asphalt Pathways} Asphalt: Repairs: On-going {Pool Parking Lot & Pathways} Concrete Current Replacement Total Paving 9, Sidewalks, Curbs & Gutters {160 Sq. Ft. Residential Sidewalks, Curbs & Gutters} Stamped {160 Sq. Ft. Redhorse Sidewalks & Red Paver} Total Concrete 1, Painting: Exterior Stain {219 Lin. Ft. Decorative Wood Fencing/Redhorse Way} Stain {1,450 Wood Fences/Phase I (50%)} Stain {1,450 Lin. Ft. Posts Fences /Phase II (50%)} Trim {Pool Bldg Appurtenances, Shade Structures, Turrets} Wrought Iron {9,586 Lin. Ft. Pathways & Pool Area/Phase I (50%)} Wrought Iron {9,586 Lin. Ft. Pathways & Pool Area/Phase II (50%)} Life Useful / Cost Remaining , ,087 8,927 9,853 10,876 1, ,000 1,104 1,218 1,345 9, , , , ,009 1,060 1,113 1,170 1,229 1,291 1, ,009 1, , , , , , , ,625 4,204 4,875 3, ,716 4,309 4,997 1, ,538 1,740 1,968 28, ,477 34,184 39,643 28, ,214 35,039 40, Mailboxes {425 Residential Mailboxes} 6, , Fire Hydrants {51 Fire Hydrants} 1, , Utility Boxes {Utility Boxes} 3, , Miscellaneous {Entrance Monument} 1, ,384 1,605 1,861 Total Painting: Exterior 78,562 3,625 36,114 30,524 5,943 40,098 35,399 5,472 10,333 4,875 46,501 41, Structural Repairs Trellis {Pool Area & Bus Stop} 7, Total Structural Repairs 7, Landscaping Irrigation: Misc. {Irrigation System} 1, ,025 1,051 1,077 1,104 1,131 1,160 1,189 1,218 1,249 1,280 1,312 1,345 1,379 1, Bark Replacement {Common Area} 1, ,500 1,538 1,576 1,615 1,656 1,697 1,740 1,783 1,828 1,873 1,920 1,968 2,017 2,068 2,119 Browning Reserve Group to

10 30 Year Expense Forecast - Detailed Reserve Component Current Replacement Life Useful / Cost Remaining Tree Maintenance {Common Area} 1, ,500 1,576 1,656 1,740 1,828 1,920 2,017 2, Plant Replacement {Common Area} 1, ,845 1,891 1,938 1,987 2,037 2,087 2,140 2,193 2,248 2,304 2,362 2,421 2,481 2, Plant Replacement {Cactus} 2, ,000 2,101 2,208 2,319 2,437 2,560 2,690 2, Miscellaneous {Perma Bark/Rock - Common Area} Total Landscaping 8, Lakes / Ponds Fountain {Fountain} 3, , ,025 1,077 1,131 1,189 1,249 1,312 1, Pump / Motor {Fountain} 1, , Miscellaneous {Fountain}[nr:1] 1, ,000 5,000 5,433 8,195 5,708 8,610 5,996 9,046 6,300 9,504 6,619 9,985 6,954 10,490 7,306 11,021 Total Lakes / Ponds 6,000 1,000 1, Fencing Wood: Repair {1,450 Pathway & Pool Fence Posts (5.0%)} Wood: Decorative {219 Lin. Ft. Redhorse Decorative Wood Fence} 6, ,126 6,436 6,761 7,104 7,463 7,841 8,238 8,655 4, Vinyl {Perimeter Fencing} 1, ,200 1,230 1,261 1,292 1,325 1,358 1,392 1,426 1,462 1,499 1,536 1,575 1,614 1,654 1,696 Total Fencing 11,706 7,326 1,230 7,696 1,292 8,086 1,358 8,495 1,426 8,925 1,499 9,377 1,575 9,852 1,654 10, Lighting Street Lights {2 Street Lights} 3, Street: Paint & Bulbs {88 Light Poles/Phase I (50%)} Street: Paint & Bulbs {88 Light Poles/Phase II (50%)} Bollard Lights {38 Common Area & Pool (10.5%)} Common Area {293 Various Light Fixture Types (5.1%)} Total Lighting 20, Outdoor Equipment Tot Lot {Pool & Redhorse Way} 51, Total Outdoor Equipment 51, Miscellaneous Misc. Maint. Repairs {Stone Benches, Walls, Pedestals, Building Décor} Total Miscellaneous Undesignated Miscellaneous {66 Bollard Lights & Barrier Posts} Total Undesignated 990 Common Area Pool Painting: Exterior 7, ,153 7, ,382 1, ,261 1,325 1,392 1,463 1,537 1,614 1, , , ,088 9,866 11, , , , ,120 1,120 Browning Reserve Group to

11 30 Year Expense Forecast - Detailed Current Life Replacement Useful / Reserve Component Cost Remaining Stucco {Pool Buildings} 1, ,214 1,479 Total Painting: Exterior 1,100 1,214 1, Structural Repairs Building Maintenance {Storage, Pool Equip & Restroom Buildings} Total Structural Repairs 1, Roofing Low Slope: BUR {10 Squares- Storage, Pool Equip & RR Buildings} Pool Total Roofing 2,000 1, ,077 1,160 1,249 1,345 1,077 1,160 1,249 1,345 2, , Resurface {228 Lin. Ft. Pool} 14, , Deck: Re-Surface {80 Sq. Ft. Pool Area} Equipment: Replacement {Pool Equipment (50%)} Heater {Pool Heater #1}[nr:1] ,229 2, ,364 2,675 3, Heater {2 Pool Heater #1 & #2} 5, , Furniture: Chairs {35 Pool Area (48.5%)} Miscellaneous {Entrance Gate}[nr:1] 2, ,300 2, ,675 3,027 3, Miscellaneous {Pool Cover} 6, ,958 2,624 Total Pool 34,476 2,900 5,039 5,657 6,958 5,701 18,057 1,229 6, Fencing Wrought Iron {361 Lin. Ft. Pool Fence}[nr:1] Total Fencing 14, Outdoor Equipment 14, ,440 14, Picnic Tables {3 Pool Area} 2, , Benches {6 Pool Area & Redhorse Tot Lot} Total Outdoor Equipment 4, Miscellaneous Security System {Pool Area}[nr:1] 2, ,500 2, ,065 6,056 Total Miscellaneous 2,500 2, Undesignated Miscellaneous {Pool & Buildings} 1, ,325 1,392 1,462 1,536 1,614 1,696 Total Undesignated 1,200 Total [Common Area Pool] Expenditures 2.50% 1,325 1,392 1,462 1,536 1,614 1,696 19,840 5,039 1,077 2,539 5,657 9,509 5,701 19,519 1,249 8,821 2,624 10,889 1,696 Reserve Study Reserve Study Browning Reserve Group to

12 30 Year Expense Forecast - Detailed Reserve Component Year Update with Site Visit {Full Reserve Study} Current Replacement Total Reserve Study 1,200 Life Useful / Cost Remaining , ,292 1,392 1,499 1,614 1,292 1,392 1,499 1,614 Total [Reserve Study] Expenditures 2.50% Total Expenditures 2.50% 1,292 1,392 1,499 1,614 47,338 43,904 55,560 10,554 32,864 17,616 38,916 64,557 97,773 12,838 38,657 23,559 54,326 57,640 69,640 Total Current Replacement Cost 258,955 Browning Reserve Group to

13 Reserve Component 30 Year Expense Forecast - Detailed Paving Asphalt: Sealing {5,388 Sq. Ft. Pool Parking Lot} Asphalt: Sealing {62,209 Sq. Ft. Asphalt Pathways} Asphalt: Repairs: On-going {Pool Parking Lot & Pathways} Concrete Total Paving Sidewalks, Curbs & Gutters {160 Sq. Ft. Residential Sidewalks, Curbs & Gutters} Stamped {160 Sq. Ft. Redhorse Sidewalks & Red Paver} Total Concrete 1,008 1,113 1,229 12,005 13,252 14,627 16,146 1,485 1,639 1,809 1,996 13,490 1,008 14,890 1,113 16,436 1,229 18, ,425 1,497 1,573 1,653 1,736 1,824 1, , , , , , , , Painting: Exterior Stain {219 Lin. Ft. Decorative Wood Fencing/Redhorse Way} Stain {1,450 Wood Fences/Phase I (50%)} Stain {1,450 Lin. Ft. Posts Fences /Phase II (50%)} Trim {Pool Bldg Appurtenances, Shade Structures, Turrets} Wrought Iron {9,586 Lin. Ft. Pathways & Pool Area/Phase I (50%)} Wrought Iron {9,586 Lin. Ft. Pathways & Pool Area/Phase II (50%)} ,654 6,557 5,795 6,721 2,227 2,519 2,850 45,974 53,316 47,123 54, Mailboxes {425 Residential Mailboxes} 12, Fire Hydrants {51 Fire Hydrants} 2, Utility Boxes {Utility Boxes} 5, Miscellaneous {Entrance Monument} 2,158 2,503 Total Painting: Exterior 2,227 5,654 53,927 47,608 2,519 6,557 70,465 70, Structural Repairs Trellis {Pool Area & Bus Stop} 11,757 Total Structural Repairs 11, Landscaping Irrigation: Misc. {Irrigation System} 1,448 1,485 1,522 1,560 1,599 1,639 1,680 1,722 1,765 1,809 1,854 1,900 1,948 1,996 2, Bark Replacement {Common Area} 2,172 2,227 2,282 2,339 2,398 2,458 2,519 2,582 2,647 2,713 2,781 2,850 2,922 2,995 3, Tree Maintenance {Common Area} 2,227 2,339 2,458 2,582 2,713 2,850 2, Plant Replacement {Common Area} 2,607 2,672 2,739 2,807 2,878 2,950 3,023 3,099 3,176 3,256 3,337 3,421 3,506 3,594 3, Plant Replacement {Cactus} 2,969 3,119 3,277 3,443 3,617 3,801 3, Miscellaneous {Perma Bark/Rock - Common Area} Total Landscaping 1,448 1,522 1,599 1,680 1,765 1,854 1,948 2,046 7,676 11,579 8,065 12,165 8,473 12,781 8,902 13,428 9,352 14,108 9,826 14,822 10,323 15,573 10, Lakes / Ponds Browning Reserve Group to

14 Reserve Component 30 Year Expense Forecast - Detailed Fountain {Fountain} 5, Pump / Motor {Fountain} 2,172 2, Miscellaneous {Fountain}[nr:1] Total Lakes / Ponds 2,172 5,196 2, Fencing Wood: Repair {1,450 Pathway & Pool Fence Posts (5.0%)} Wood: Decorative {219 Lin. Ft. Redhorse Decorative Wood Fence} 9,093 9,554 10,037 10,546 11,079 11,640 12,230 6, Vinyl {Perimeter Fencing} 1,738 1,781 1,826 1,872 1,918 1,966 2,015 2,066 2,118 2,170 2,225 2,280 2,337 2,396 2,456 Total Fencing 1,738 17,377 1,826 11,425 1,918 12,004 2,015 12,611 2,118 13,250 2,225 13,921 2,337 14,625 2, Lighting Street Lights {2 Street Lights} 5,543 5,823 6,118 6,428 6, Street: Paint & Bulbs {88 Light Poles/Phase I (50%)} Street: Paint & Bulbs {88 Light Poles/Phase II (50%)} Bollard Lights {38 Common Area & Pool (10.5%)} Common Area {293 Various Light Fixture Types (5.1%)} Total Lighting 11,716 14,998 12,009 15,373 1,782 1,872 1,967 2,067 2,171 2,281 2, ,008 1,033 1,059 1,085 1,112 1,140 1,169 1,198 1, ,673 12,630 14, ,950 6,550 3,100 6,882 3,257 7,231 3,421 22,595 18,968 7, Outdoor Equipment Tot Lot {Pool & Redhorse Way} 73,973 Total Outdoor Equipment Miscellaneous Misc. Maint. Repairs {Stone Benches, Walls, Pedestals, Building Décor} Total Miscellaneous Undesignated Miscellaneous {66 Bollard Lights & Barrier Posts} Total Undesignated 73, , ,023 1,434 1,835 1,434 1,835 Common Area Pool Painting: Exterior Stucco {Pool Buildings} 1,802 2,196 Total Painting: Exterior Structural Repairs Building Maintenance {Storage, Pool Equip & Restroom Buildings} Total Structural Repairs 1,802 2,196 1,448 1,560 1,680 1,809 1,948 1,448 1,560 1,680 1,809 1, Roofing Browning Reserve Group to

15 Reserve Component 30 Year Expense Forecast - Detailed Low Slope: BUR {10 Squares- Storage, Pool Equip & RR Buildings} Total Roofing 3,801 3, Pool Resurface {228 Lin. Ft. Pool} 24, Deck: Re-Surface {80 Sq. Ft. Pool Area} Equipment: Replacement {Pool Equipment (50%)} Heater {Pool Heater #1}[nr:1] 1,390 1,573 1,780 3,424 3,874 4, Heater {2 Pool Heater #1 & #2} 7,241 9, Furniture: Chairs {35 Pool Area (48.5%)} Miscellaneous {Entrance Gate}[nr:1] 3,874 4,384 4, Miscellaneous {Pool Cover} 8,907 11,402 Total Pool 8,632 8,907 7,298 25,857 8,257 11,050 11,402 9, Fencing Wrought Iron {361 Lin. Ft. Pool Fence}[nr:1] Total Fencing Outdoor Equipment Picnic Tables {3 Pool Area} 4, Benches {6 Pool Area & Redhorse Tot Lot} Total Outdoor Equipment 4,438 8, Miscellaneous Security System {Pool Area}[nr:1] Total Miscellaneous Undesignated Miscellaneous {Pool & Buildings} 1,781 1,872 1,966 2,066 2,170 2,280 2,396 Total Undesignated Total [Common Area Pool] Expenditures 2.50% Reserve Study Reserve Study Year Update with Site Visit {Full Reserve Study} Total Reserve Study Total [Reserve Study] Expenditures 2.50% Total Expenditures 2.50% 1,781 1,872 1,966 2,066 2,170 2,280 2,396 10,080 10,688 7,298 3,431 29,626 1,680 10,323 3,979 19,821 17,483 11,290 4,592 1,738 1,872 2,015 2,170 2,337 1,738 1,872 2,015 2,170 2,337 1,738 1,872 2,015 2,170 2, ,100 65,397 31,309 52,650 66, ,252 37,085 43,089 20,081 62, , ,825 50,791 74,815 23,288 Browning Reserve Group to

16 30 Year Reserve Funding Plan Cash Flow Method Section III Beginning Balance Inflated 2.5% Reserve Contribution 425 Percentage Increase Special Assessments / Other Interest Pre 2.50% Ending Balance ,131 65,226 59,635 43,219 73,111 82, , ,940 96,905 46,120 47,338 43,904 55,560 10,554 32,864 17,616 38,916 64,557 97,773 12,838 35,700 36,771 37,874 39,010 40,180 41,385 42,627 43,906 45,223 46, % 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% ,733 1,541 1,270 1,436 1,919 2,356 2,758 2,615 1,766 1,575 65,226 59,635 43,219 73,111 82, , ,940 96,905 46,120 81,437 Beginning Balance Inflated 2.5% Reserve Contribution 425 Percentage Increase Special Assessments / Other Interest Pre 2.50% Ending Balance ,437 92, , , , ,852 62,448 55,798 85,235 95,594 38,657 23,559 54,326 57,640 69, ,100 65,397 31,309 52,650 66,844 47,977 49,416 50,898 52,425 53,998 55,618 57,287 59,006 60,776 62, % 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% ,152 2,646 2,992 2,959 2,773 2,078 1,460 1,741 2,232 2,337 92, , , , ,852 62,448 55,798 85,235 95,594 93,685 Beginning Balance Inflated 2.5% Reserve Contribution 425 Percentage Increase Special Assessments / Other Interest Pre 2.50% Ending Balance ,685 37,530 68,160 95, , , ,210 80, , , ,252 37,085 43,089 20,081 62, , ,825 50,791 74,815 23,288 64,477 66,411 68,403 70,455 72,569 74,746 76,988 79,298 81,677 84, % 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% ,620 1,305 2,020 3,017 3,849 3,557 2,545 2,379 2,881 3,799 37,530 68,160 95, , , ,210 80, , , ,184 Browning Reserve Group

17 Fund Balance 30 Year Reserve Funding Plan Cash Flow Method - Ending Balances Section III-a $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $ Years Browning Reserve Group

18 Year Beginning Balance 30 Year Reserve Funding Plan Including Fully Funded Balance and % Funded Fully Funded Balance Percent Funded Inflated 2.50% Reserve Contribution Special Assessments & Other Contributions Interest Section IV Ending Balance , , % 47,338 35, ,733 65, , , % 43,904 36, ,541 59, , , % 55,560 37, ,270 43, , , % 10,554 39, ,436 73, , , % 32,864 40, ,919 82, , , % 17,616 41, , , , , % 38,916 42, , , , , % 64,557 43, ,615 96, , , % 97,773 45, ,766 46, , , % 12,838 46, ,575 81, , , % 38,657 47, ,152 92, , , % 23,559 49, , , , , % 54,326 50, , , , , % 57,640 52, , , , , % 69,640 53, , , , , % 101,100 55, ,078 62, , , % 65,397 57, ,460 55, , , % 31,309 59, ,741 85, , , % 52,650 60, ,232 95, , , % 66,844 62, ,337 93, , , % 122,252 64, ,620 37, , , % 37,085 66, ,305 68, , , % 43,089 68, ,020 95, , , % 20,081 70, , , , , % 62,398 72, , , , , % 116,000 74, , , , , % 123,825 76, ,545 80, , , % 50,791 79, , , , , % 74,815 81, , , , , % 23,288 84, , ,184 Browning Reserve Group

19 Reserve Fund Balance Forecast Component Method Section V Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2010 Fully Funded Balance 2011 Fully Funded Balance % Per Year Straight Line 2011 Line Item Contribution based on Cash Flow Method Paving Asphalt: Sealing {5,388 Sq. Ft. Pool Parking Lot} % Asphalt: Sealing {62,209 Sq. Ft. Asphalt Pathways} 8, ,087 2,022 8,087 2, % 1, Asphalt: Repairs: On-going {Pool Parking Lot & Pathways} 1, , , % 236 Sub-total [ Paving] 9,734 9,766 2,442 9,410 2, % 2, Concrete Sidewalks, Curbs & Gutters {160 Sq. Ft. Residential Sidewalks, Curbs & Gutters} % Stamped {160 Sq. Ft. Redhorse Sidewalks & Red Paver} % 453 Sub-total [ Concrete] 1,440 1, , % Painting: Exterior Stain {219 Lin. Ft. Decorative Wood Fencing/Redhorse Way} % Stain {1,450 Wood Fences/Phase I (50%)} 3, , , % Stain {1,450 Lin. Ft. Posts Fences /Phase II (50%)} 3, , ,021 3, % Trim {Pool Bldg Appurtenances, Shade Structures, Turrets} 1, , ,200 1, % Wrought Iron {9,586 Lin. Ft. Pathways & Pool Area/Phase I (50%)} Wrought Iron {9,586 Lin. Ft. Pathways & Pool Area/Phase II (50%)} 28, ,477 4,913 23,965 29, % 4,632 28, ,214 5,036 19,172 24, % 4, Mailboxes {425 Residential Mailboxes} 6, , ,700 2, % Fire Hydrants {51 Fire Hydrants} 1, , % Utility Boxes {Utility Boxes} 3, , ,000 1, % Miscellaneous {Entrance Monument} 1, , ,125 1, % 217 Sub-total [ Painting: Exterior] 78,562 84,100 12,684 55,430 65, % 11, Structural Repairs Trellis {Pool Area & Bus Stop} 7, , ,120 1, % 443 Browning Reserve Group

20 Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2010 Fully Funded Balance 2011 Fully Funded Balance % Per Year Straight Line 2011 Line Item Contribution based on Cash Flow Method Landscaping Irrigation: Misc. {Irrigation System} 1, , , % Bark Replacement {Common Area} 1, ,500 1,500 1,500 1, % 1, Tree Maintenance {Common Area} 1, , , % Plant Replacement {Common Area} 1, , , % Plant Replacement {Cactus} 2, ,000 1,000 2,000 1, % Miscellaneous {Perma Bark/Rock - Common Area} 1, , , % 483 Sub-total [ Landscaping] 8,800 8,895 5,198 6,900 7, % 4, Lakes / Ponds Fountain {Fountain} 3, , % Pump / Motor {Fountain} 1, , % Miscellaneous {Fountain}[nr:1] 1, , % 0 Sub-total [ Lakes / Ponds] 6,000 6, ,450 1, % Fencing Wood: Repair {1,450 Pathway & Pool Fence Posts (5.0%)} 6, ,126 3,063 6,126 3, % 2, Wood: Decorative {219 Lin. Ft. Redhorse Decorative Wood Fence} 4, , , % Vinyl {Perimeter Fencing} 1, ,200 1,200 1,200 1, % 1,131 Sub-total [ Fencing] 11,706 13,828 4,588 8,202 5, % 4, Lighting Street Lights {2 Street Lights} 3, , % Street: Paint & Bulbs {88 Light Poles/Phase I (50%)} 7, , ,310 3, % Street: Paint & Bulbs {88 Light Poles/Phase II (50%)} 7, , ,540 2, % Bollard Lights {38 Common Area & Pool (10.5%)} 1, , % Common Area {293 Various Light Fixture Types (5.1%)} % 290 Sub-total [ Lighting] 20,500 25,953 2,833 4,700 6, % 2, Outdoor Equipment Tot Lot {Pool & Redhorse Way} 51, ,973 3,699 12,769 15, % 3, Miscellaneous Browning Reserve Group

21 Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2010 Fully Funded Balance 2011 Fully Funded Balance % Per Year Straight Line 2011 Line Item Contribution based on Cash Flow Method Misc. Maint. Repairs {Stone Benches, Walls, Pedestals, Building Décor} % Undesignated Miscellaneous {66 Bollard Lights & Barrier Posts} , % 106 Common Area Pool Painting: Exterior Stucco {Pool Buildings} 1, , % Structural Repairs Building Maintenance {Storage, Pool Equip & Restroom Buildings} 1, , % Roofing Low Slope: BUR {10 Squares- Storage, Pool Equip & RR Buildings} 2, , % Pool Resurface {228 Lin. Ft. Pool} 14, ,057 1,505 4,940 6, % 1, Deck: Re-Surface {80 Sq. Ft. Pool Area} , % Equipment: Replacement {Pool Equipment (50%)} 2, , ,350 1, % Heater {Pool Heater #1}[nr:1] % Heater {2 Pool Heater #1 & #2} 5, , ,500 3, % Furniture: Chairs {35 Pool Area (48.5%)} 2, , ,528 2, % Miscellaneous {Entrance Gate}[nr:1] 2, , % Miscellaneous {Pool Cover} 6, , ,400 3, % 656 Sub-total [ Pool] 34,476 36,940 3,886 15,705 16, % 3, Fencing Browning Reserve Group

22 Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2010 Fully Funded Balance 2011 Fully Funded Balance % Per Year Straight Line 2011 Line Item Contribution based on Cash Flow Method Wrought Iron {361 Lin. Ft. Pool Fence}[nr:1] 14, , % Outdoor Equipment Picnic Tables {3 Pool Area} 2, , % Benches {6 Pool Area & Redhorse Tot Lot} 2, , % 193 Sub-total [ Outdoor Equipment] 4,731 6, ,577 1, % Miscellaneous Security System {Pool Area}[nr:1] 2, , % Undesignated Miscellaneous {Pool & Buildings} 1, , % 250 Sub-total Common Area Pool 61,447 49,236 5,150 35,795 20, % 4,856 Reserve Study Reserve Study Year Update with Site Visit {Full Reserve Study} 1, , % 305 Sub-total Reserve Study 1,200 1, % 305 [A] [B] Totals 258, ,817 38, , , % 36,771 [EndBal] [EndBal] [A] [B] Percent Funded 46.89% 46.05% Browning Reserve Group

23 Saguaro Canyon Subdivision Homeowners Association Component Listing Included Components Section VI Paving Asphalt: Sealing Useful Life 4 5,388 Sq. Ft. Pool Parking Lot Quantity 5,388 Unit of Measure Square Feet Cost /SqFt $ % Total Cost/Study $647 Replacement Year 2012 Future Cost $679 This is to apply two coats of an asphalt emulsion product such as Armor Seal #A-150. Includes asphalt surface preparation prior to application. Square footage is approximate and based on ground measurements by BRG. Cost and useful life provided by Cameron Brown of Bregg Asphalt Co. 2 Costing provided by Bregg Asphalt Co. Browning Reserve Group

24 Component Listing Included Components Paving Asphalt: Sealing Useful Life 4 62,209 Sq. Ft. Asphalt Pathways Quantity 62,209 Unit of Measure Square Feet Cost /SqFt $ % Total Cost/Study $8,087 Replacement Year 2010 Future Cost $8,087 This is to apply two coats of an asphalt emulsion product such as Armor Seal #A-150. Includes asphalt surface preparation prior to application. The first application is by squeegee or broom and the second is by spraying. Cost per square foot assumes that grass is trimmed off of the asphalt edges by landscaper or other vendor. Square footage is approximate based on ground measurements by BRG. Cost estimate and useful life provided by Cameron Brown of Bregg Asphalt Co. 0 Costing provided by Bregg Asphalt Co Asphalt: Repairs: On-going Useful Life 4 Pool Parking Lot & Pathways Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,000 Replacement Year 2010 Future Cost $1,000 This is for miscellaneous repairs including crackfill, skin patching and minor dig out & fill for both the parking lot and the pathways. 0 Browning Reserve Group

25 Component Listing Included Components Concrete Sidewalks, Curbs & Gutters 160 Sq. Ft. Residential Sidewalks, Curbs & Gutters Useful Life 2 Quantity 160 Unit of Measure Square Feet Cost /SqFt $ % Total Cost/Study $480 Replacement Year 2015 Future Cost $543 This is to have funds available for periodic repair, replacement or grinding of failed concrete located at residential sidewalks, curbs and gutters to remove trip hazards and maintain functionality. Since the concrete useful life exceeds the scope of this study, this provides for repairs only and not full replacement. Cost estimate provided by Rich Stephens of Stephens Construction. 5 Costing provided by Stephens Construction Stamped 160 Sq. Ft. Redhorse Sidewalks & Red Paver Useful Life 2 Quantity 160 Unit of Measure Square Feet Cost /SqFt $ % Total Cost/Study $960 Replacement Year 2010 Future Cost $960 0 This is to replace the stamped concrete sidewalks along Redhorse Way as well as the red paver look concrete at the 14 handicap corner ramps and red paver circles at 2 intersections. Since the concrete useful life exceeds the scope of this study, this provides for repairs only and not full replacement. Cost estimate is provided by Rich Stephens of Stephens Construction. Costing provided by Stephens Construction Browning Reserve Group

26 Component Listing Included Components Painting: Exterior Stain 219 Lin. Ft. Decorative Wood Fencing/Redhorse Way Useful Life 6 Quantity 219 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $296 Replacement Year 2012 Future Cost $311 2 This is to paint the decorative wood portion of the fence with a premium full body stain such as Sherwin Williams Wood Guard semi-transparent stain or equal. Includes preparation, power washing, sanding, scraping and caulking as needed. Linear footage is approximate and based on ground measurements by BRG. Cost estimate and useful life provided by Rich Stephens of Stephens Construction Stain Costing provided by Stephens Construction Useful Life 6 1,450 Wood Fences/Phase I (50%) Quantity 1,450 Unit of Measure Items Cost /Itm $5.00 Qty * $/Itm $7, % Total Cost/Study $3,625 Replacement Year 2010 Future Cost $3,625 This is to prep and paint the wood posts that are part of the wrought iron fencing with a premium full body stain such as Sherwin Williams Wood Guard semi-transparent stain or equal. Post count is approximate by BRG. Cost estimate and useful life provided by Rich Stephens, Stephens Construction. 0 Costing provided by Stephens Construction Browning Reserve Group

27 Component Listing Included Components Painting: Exterior Stain 1,450 Lin. Ft. Posts Fences /Phase II (50%) Useful Life 6 Quantity 1,450 Unit of Measure Linear Feet Cost /l.f. $5.00 Qty * $/l.f. $7, % Total Cost/Study $3,625 Replacement Year 2011 Future Cost $3,716 This is to prep and paint the wood posts that are part of the wrought iron fences with a premium full body stain such as Sherwin Williams Wood Guard clear stain or equal. Includes preparation, power washing, sanding, scraping and caulking as needed. Post count is approximate by BRG. Cost estimate and useful life provided by Rich Stephens, Stephens Construction. 1 Costing provided by Stephens Construction Trim Pool Bldg Appurtenances, Shade Structures, Turrets Useful Life 5 Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,500 Replacement Year 2011 Future Cost $1,537 1 This is to paint the wood trim & appurtenances on the pool buildings, the shade structures at the pool and bus stop, and wood appurtenances on both turrets. Material to be used is Sherwin Williams Wood Guard semitransparent stain or equal. Cost estimate and useful life provided by Rich Stephens of Stephens Construction. Costing provided by Stephens Construction Browning Reserve Group

28 Component Listing Included Components Painting: Exterior Wrought Iron 9,586 Lin. Ft. Pathways & Pool Area/Phase I (50%) Useful Life 6 Quantity 9,586 Unit of Measure Linear Feet Cost /l.f. $6.00 Qty * $/l.f. $57, % Total Cost/Study $28,758 Replacement Year 2011 Future Cost $29,477 This is to paint the wrought iron. Includes preparation, sanding, scraping and primer as necessary. Linear footage is approximate and based on ground measurements by BRG. Cost and useful life provided by Rich Stephens of Stephens Construction 1 Costing provided by Stephens Construction Wrought Iron 9,586 Lin. Ft. Pathways & Pool Area/Phase II (50%) Useful Life 6 Quantity 9,586 Unit of Measure Linear Feet Cost /l.f. $6.00 Qty * $/l.f. $57, % Total Cost/Study $28,758 Replacement Year 2012 Future Cost $30,214 This is to paint the wrought iron. Includes preparation, sanding, scraping and primer as necessary. Linear footage is approximate and based on ground measurements by BRG. Cost and useful life provided by Rich Stephens of Stephens Construction 2 Costing provided by Stephens Construction Browning Reserve Group

29 Component Listing Included Components Painting: Exterior Mailboxes Useful Life Residential Mailboxes Quantity 425 Unit of Measure Items Cost /Itm $ % Total Cost/Study $6,375 Replacement Year 2021 Future Cost $8,365 This is to prep and paint the mailboxes in the common area. Cost estimate provided by Rich Stephens of Stephens Construction. Costing provided by Stephens Construction Fire Hydrants Useful Life Fire Hydrants Quantity 51 Unit of Measure Items Cost /Itm $ % Total Cost/Study $1,275 Replacement Year 2020 Future Cost $1,632 This is to prep and paint the fire hydrants with an industrial primer and exterior semi-gloss industrial enamel. Count is approximate by BRG. Browning Reserve Group

30 Component Listing Included Components Painting: Exterior Utility Boxes Useful Life 15 Utility Boxes Quantity 1 Unit of Measure Lump Sum Cost /LS $3, % Total Cost/Study $3,000 Replacement Year 2020 Future Cost $3,840 This is to prep and paint the common area utility boxes with an industrial primer and exterior semi-gloss industrial enamel. An exact count was not determined therefore a lump sum was provided as an estimate Miscellaneous Useful Life 6 Entrance Monument Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,350 Replacement Year 2011 Future Cost $1,384 This is to paint the monument beam with Sherwin Williams Wood Guard semi-transparent stain or equal material. Cost estimate and useful life provided by Rich Stephens of Stephens Construction. 1 Costing provided by Stephens Construction Browning Reserve Group

31 Component Listing Included Components Structural Repairs Trellis Useful Life 25 Pool Area & Bus Stop Quantity 1 Unit of Measure Lump Sum Cost /LS $7, % Total Cost/Study $7,000 Replacement Year 2031 Future Cost $11,757 This is to replace both of the shade structures/trellis. Material to be of like quality. Cost estimate and useful life provided by Rich Stephens of Stephens Construction. Costing provided by Stephens Construction Landscaping Irrigation: Misc. Useful Life 1 Irrigation System Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,000 Replacement Year 2011 Future Cost $1,025 This is to have funds available to replace the 1 1/2" valves and the 6 and 12 station timers/controllers as needed. Valve costs are $90 each and timers/controllers are $159 each (6 station); $256 each (12 station). Cost provided by Dean Duckett of Sunshine Landscape, Inc. 1 Costing provided by Sunshine Landscape Inc. Browning Reserve Group

32 Component Listing Included Components Landscaping Bark Replacement Useful Life 1 Common Area Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,500 Replacement Year 2010 Future Cost $1,500 This is for replacing landscape bark in the bedding areas above the maintenance contract. Cost estimate and useful life provided by Dean Duckett of Sunshine Landscape, Inc. 0 Costing provided by Sunshine Landscape Inc Tree Maintenance Useful Life 2 Common Area Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,500 Replacement Year 2010 Future Cost $1,500 This is to prune, remove and replace trees as needed to enhance the association's landscaping and to avoid branch and root damage to nearby objects. This is in excess of the operating budget. 0 Browning Reserve Group

33 Component Listing Included Components Landscaping Plant Replacement Useful Life 1 Common Area Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,800 Replacement Year 2011 Future Cost $1,845 This is for landscape plant replacement on an as needed basis above the maintenance contract and excluding cactus. Cost estimate and useful life provided by Dean Duckett of Sunshine Landscape, Inc. 1 Costing provided by Sunshine Landscape Inc Plant Replacement Useful Life 2 Cactus Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % Total Cost/Study $2,000 Replacement Year 2010 Future Cost $2,000 This is to have funds available to replace the various types of cactus as needed. 0 Browning Reserve Group

34 Component Listing Included Components Landscaping Miscellaneous Useful Life 2 Perma Bark/Rock - Common Area Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,000 Replacement Year 2011 Future Cost $1,025 This is to have funds available in excess of the operating budget to refurbish the existing perma bark/rock bedding in the common area planters Lakes / Ponds Fountain Useful Life 20 Fountain Quantity 1 Unit of Measure Lump Sum Cost /LS $3, % Total Cost/Study $3,500 Replacement Year 2026 Future Cost $5,196 This to repair or replace fountain components including liner and operating equipment other than the pump. Browning Reserve Group

35 Component Listing Included Components Lakes / Ponds Pump / Motor Useful Life 10 Fountain Quantity 1 Unit of Measure Items Cost /Itm $1, % Total Cost/Study $1,500 Replacement Year 2015 Future Cost $1,697 This is to replace the pump impeller without replacing the entire pump. A full replacement may be required at some future time (today's cost is $4,000). Cost estimate provided by Dean Duckett from Sunshine Landscape Inc. 5 Costing provided by Sunshine Landscape Inc Miscellaneous Useful Life 1 Fountain Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % 0 Treatment [nr:1] Total Cost/Study $1,000 Replacement Year 2010 Future Cost $1,000 This is to add cobblestone rocks on both sides of the fountain in order to keep the liner from rising. Cost estimate provided by Rich Stephens of Stephens Construction. Costing provided by Stephens Construction Browning Reserve Group

36 Component Listing Included Components Fencing Wood: Repair Useful Life 2 1,450 Pathway & Pool Fence Posts (5.0%) Quantity 1,450 Unit of Measure Items Cost /Itm $85.00 Qty * $/Itm $123, % Total Cost/Study $6,126 Replacement Year 2010 Future Cost $6,126 This is to replace the wood fence posts supporting the wrought iron sections. Count is approximate by BRG. Cost estimate provided by Rich Stephens of Stephens Construction. 0 Costing provided by Stephens Construction Wood: Decorative 219 Lin. Ft. Redhorse Decorative Wood Fence Useful Life 20 Quantity 219 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $4,380 Replacement Year 2026 Future Cost $6,502 This is to replace the decorative wood fencing material. Linear footage approximate and based on ground measurements by BRG. Cost estimate provided by Rich Stephens of Stephens Construction. Costing provided by Stephens Construction Browning Reserve Group

37 Component Listing Included Components Fencing Vinyl Useful Life 1 Perimeter Fencing Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,200 Replacement Year 2010 Future Cost $1,200 This is to repair/replace approximately five 8 foot per linear foot of fencing annually. The frequency is based on the current level of vandalism as well as information regarding the inadequate development grading of the ground/base that is causing buckling, sagging and leaning in many sections. Cost estimate provided by Mark at Boise River Fence. 0 Costing provided by Boise River Fence Lighting Street Lights Useful Life 2 2 Street Lights Quantity 2 Unit of Measure Items Cost /Itm $1, % Total Cost/Study $3,300 Replacement Year 2031 Future Cost $5,543 This is to replace a percentage of the association street lights. Since the core light standard and fixture useful life exceeds the scope of this study, this component is for partial replacement only. Count is approximate by BRG. Antique Pendant Style: 35 Standard Light Style: 53 Browning Reserve Group

38 Component Listing Included Components Lighting Street: Paint & Bulbs Useful Life Light Poles/Phase I (50%) Quantity 88 Unit of Measure Items Cost /Itm $175 Qty * $/Itm $15, % Total Cost/Study $7,700 Replacement Year 2017 Future Cost $9,153 This is to paint the light poles with a high quality exterior metal enamel. Includes funds for replacement of the bulbs if needed. Cost is $140 for bulbs and $110 to paint. Count is approximate by BRG. Cost estimate provided by Rich Stephens of Stephens Construction. Antique Pendant Style: 35 Standard Light Style: 53 7 Costing provided by Stephens Construction Street: Paint & Bulbs Useful Life Light Poles/Phase II (50%) Quantity 88 Unit of Measure Items Cost /Itm $175 Qty * $/Itm $15, % Total Cost/Study $7,700 Replacement Year 2018 Future Cost $9,382 This is to paint the light poles with a high quality exterior metal enamel. Includes funds for replacement of the bulbs if needed. Cost is $140 for bulbs and $110 to paint. Count is approximate by BRG. Cost estimate provided by Rich Stephens of Stephens Construction. 8 Antique Pendant Style: 35 Standard Light Style: 53 Costing provided by Stephens Construction Browning Reserve Group

39 Component Listing Included Components Lighting Bollard Lights Useful Life 2 38 Common Area & Pool (10.5%) Quantity 38 Unit of Measure Items Cost /Itm $300 Qty * $/Itm $11, % Total Cost/Study $1,200 Replacement Year 2012 Future Cost $1,261 This is to repair and/or replace the bollard lights. This component assumes that existing wiring and conduits will be reused. Count is approximate by BRG Common Area Useful Life Various Light Fixture Types (5.1%) Quantity 293 Unit of Measure Items Cost /Itm $40.00 Qty * $/Itm $11, % Total Cost/Study $600 Replacement Year 2011 Future Cost $615 This is to have funds available to replace a percentage of all of the common area lights as needed on an annual basis. Count is approximate by BRG. Monument Entry Lights: 2 Landscaping Flood Lights: 237 Landscaping Spot Lights: 34 Large Flood Lights on McMillan: 20 1 Browning Reserve Group

40 Component Listing Included Components Outdoor Equipment Tot Lot Useful Life 20 Pool & Redhorse Way Quantity 1 Unit of Measure Lump Sum Cost /LS $51,076 This is to replace the tot lot equipment at both locations. Redhorse Way - $15,926; Manuf Ref # Pool Area - $35,150; Manuf Ref # Purchase was 2005 with a 10 year warranty % Total Cost/Study $51,076 Replacement Year 2025 Future Cost $73,973 Costing provided by Playwood Systems, Inc Miscellaneous Misc. Maint. Repairs Stone Benches, Walls, Pedestals, Building Décor Useful Life 1 Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $500 Replacement Year 2010 Future Cost $500 This is for on-going masonry re-mortar, repairs and maintenance at all referenced locations including the stone pad at the bus stop and rock retaining walls in the common area planters. The repairs will include use of liquidnail adhesive. Repairs are scheduled on an annual basis due to the heavy use at several locations and will be a continuing problem. Since the core masonry useful life exceeds the scope of this thirty year study, this component provides for repairs only and not full replacement. Cost estimate provided by Rich Stephens of Stephens Construction. 0 Costing provided by Stephens Construction Browning Reserve Group

41 Component Listing Included Components Undesignated Miscellaneous Useful Life Bollard Lights & Barrier Posts Quantity 66 Unit of Measure Items Cost /Itm $ % Total Cost/Study $990 Replacement Year 2015 Future Cost $1,120 This is to have funds available to paint the bollard lights and barrier posts. 38 2' Bollard lights in common areas; 1 3' Bollard light at bus stop; 27 Barrier posts at pathways; 5 Common Area Pool Painting: Exterior Stucco Useful Life 8 Pool Buildings Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,100 Replacement Year 2014 Future Cost $1,214 This is to paint the stucco surfaces with an elastomeric type material. Cost and useful life provided by Rich Stephens of Stephens Construction. 4 Costing provided by Stephens Construction Browning Reserve Group

42 Component Listing Included Components Common Area Pool Structural Repairs Building Maintenance Useful Life 3 Storage, Pool Equip & Restroom Buildings Quantity 1 Unit of Measure Lump Sum Cost /LS $1,000 This is for on-going repairs as needed to the buildings. Such as: Repair stucco; Repair/replace wood appurtenances; Repair/replace doors - 8; Repair/replace windows - 14; Repair/replace interior/exterior wood benches & shelves; % Total Cost/Study $1,000 Replacement Year 2013 Future Cost $1, Roofing Low Slope: BUR 10 Squares- Storage, Pool Equip & RR Buildings Useful Life 15 Quantity 10 Unit of Measure Squares Cost /Sqrs $ % Total Cost/Study $2,000 Replacement Year 2021 Future Cost $2,624 This is to replace the existing torch down roof with a thermoplastic polyolefin (TPO) rubber type material applied with heat weld. Square count is approximate and based on ground measurements by BRG. Cost estimate and useful life provided by Rich Stephens of Stephens Construction. Costing provided by Stephens Construction Browning Reserve Group

43 Component Listing Included Components Common Area Pool Pool Resurface Useful Life Lin. Ft. Pool Quantity 228 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $14,820 Replacement Year 2018 Future Cost $18,057 This is to resurface the pool including replacing the row of waterline tile. Includes start-up costs. Linear footage is approximate based on ground measurements by BRG. Cost and useful life provided by Scott Heusser at Custom Pools & Patio. 8 Costing provided by Custom Pools & Patio Deck: Re-Surface Useful Life 5 80 Sq. Ft. Pool Area Quantity 80 Unit of Measure Square Feet Cost /SqFt $ % Total Cost/Study $960 Replacement Year 2020 Future Cost $1,229 This is to have funds available for concrete deck repairs on an ongoing basis. Since the concrete useful life exceeds the scope of this study, this provides for repairs only and not full replacement. Browning Reserve Group

44 Component Listing Included Components Common Area Pool Pool Equipment: Replacement Useful Life 5 Pool Equipment (50%) Quantity 1 Unit of Measure Lump Sum Cost /LS $4,500 Qty * $/LS $4, % Total Cost/Study $2,250 Replacement Year 2012 Future Cost $2,364 This is to replace the pool equipment. Since not all equipment will fail simultaneously, this component provides for one half replacement every five years. Cost estimate and useful life provided by Dan Huff of Treasure Valley Pool Maintenance. 2 Triton II Sand $400 each = $800 Sand replacement $150 each = $300 2 Pentair Whisperflo 1 1/2 HP $800 each = $1,600 Saline system cells $700 each = $1,400 Various $400 Total replacement cost = $4,500 2 Costing provided by Treasure Valley Pool Maintenance Heater Useful Life 1 Pool Heater #1 Quantity 1 Unit of Measure Lump Sum Cost /LS $ % 0 Treatment [nr:1] Total Cost/Study $600 Replacement Year 2010 Future Cost $600 This is to replace the heat exchanger in heater #1 in Cost provided by Dan Huff of Treasure Valley Pool Maintenance. Costing provided by Treasure Valley Pool Maintenance Browning Reserve Group

45 Component Listing Included Components Common Area Pool Pool Heater Useful Life 10 2 Pool Heater #1 & #2 Quantity 2 Unit of Measure Items Cost /Itm $2, % Total Cost/Study $5,000 Replacement Year 2015 Future Cost $5,657 This is to replace both Pentair Minimax NT heaters. Cost estimate and useful life provided by Dan Huff of Treasure Valley Pool Maintenance. 5 Costing provided by Treasure Valley Pool Maintenance Furniture: Chairs Useful Life 5 35 Pool Area (48.5%) Quantity 35 Unit of Measure Items Cost /Itm $150 Qty * $/Itm $5, % Total Cost/Study $2,546 Replacement Year 2012 Future Cost $2,675 This is to replace the chairs (14) and chaise lounges (21). Count is approximate by BRG. The projection is based on replacing 50% of the pool furniture every five years. 2 Browning Reserve Group

46 Component Listing Included Components Common Area Pool Pool Miscellaneous Useful Life 1 Entrance Gate Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % 0 Treatment [nr:1] Total Cost/Study $2,300 Replacement Year 2010 Future Cost $2,300 This is to replace the pool entrance gate with heavy metal. Cost includes adaptation of existing key entry system to new gate. Cost from Selmir Alic of Boise Iron Works. Costing provided by Boise Iron Works Miscellaneous Useful Life 10 Pool Cover Quantity 1 Unit of Measure Lump Sum Cost /LS $6, % Total Cost/Study $6,000 Replacement Year 2016 Future Cost $6,958 This is to replace the pool cover. Cost estimate and useful life provided by Dan Huff of Treasure Valley Pool & Maintenance. 6 Costing provided by Treasure Valley Pool Maintenance Browning Reserve Group

47 Component Listing Included Components Common Area Pool Fencing Wrought Iron Useful Life Lin. Ft. Pool Fence Quantity 361 Unit of Measure Linear Feet Cost /l.f. $ % 0 Treatment [nr:1] Total Cost/Study $14,440 Replacement Year 2010 Future Cost $14,440 This is to replace the existing 5' pool wrought iron fencing with 7' wrought iron fencing for security purposes. Cost includes tear out and removal of existing fencing. Linear footage is approximate and based on ground measurements by BRG. Cost estimate and useful life provided by Selmir Alic of Boise Iron Works. Costing provided by Boise Iron Works Outdoor Equipment Picnic Tables Useful Life 15 3 Pool Area Quantity 3 Unit of Measure Items This is to replace the picnic tables. Cost /Itm $ % Total Cost/Study $2,337 Replacement Year 2020 Future Cost $2,992 Manufacturers warranty is 5 years, 1 year remaining as equipment was not delivered until late in 2005 as per Jessica of Playwood Systems, Inc. Costing provided by Playwood Systems, Inc. Browning Reserve Group

48 Component Listing Included Components Common Area Pool Outdoor Equipment Benches Useful Life 15 6 Pool Area & Redhorse Tot Lot Quantity 6 Unit of Measure Items This is to replace the benches. Cost /Itm $ % Total Cost/Study $2,394 Replacement Year 2020 Future Cost $3,065 Manufacturers warranty is five years, 1 year remaining due to delivery in late 2005 as per Jessica of Playwood Systems, Inc. Costing provided by Playwood Systems, Inc Miscellaneous Security System Useful Life 1 Pool Area Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % 0 Treatment [nr:1] Total Cost/Study $2,500 Replacement Year 2010 Future Cost $2,500 This is to install a motion detection lighting system around the pool area. Browning Reserve Group

49 Component Listing Included Components Common Area Pool Undesignated Miscellaneous Useful Life 2 Pool & Buildings Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,200 Replacement Year 2014 Future Cost $1,325 This is to have funds available for repair and/or replacement of miscellaneous items regarding the pool and the surrounding buildings such as: 3 - Wall heaters 2-6 gallon water heaters 4 - Exterior lights 13 - Interior lights 2 - Drinking fountains 2 - Garbage receptacles Tile flooring in restrooms Pool signage Bike rack Pet station Exterior shower Interior painting - Restrooms, storage rooms & pool mechanical room Plumbing fixtures - toilet, sink Roof inspection & minor repairs i.e. resealing seams 4 Reserve Study Reserve Study Year Update with Site Visit Useful Life 3 Full Reserve Study Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,200 Replacement Year 2013 Future Cost $1,292 This is for the 3 year full study which includes a visual observation of the accessible reserve components. 3 Browning Reserve Group