Brookwood Homeowners Association, Inc.

Transcription

1 RESERVE STUDY Full Study Brookwood Homeowners Association, Inc. Published - February 05, 2013 Browning Reserve Group / Emmett, ID Office (208) Tony@BrowningRG.com / Browning Reserve Group /5/ fs :nad.d Version 2/5/ :20:33 PM

2 Brookwood Homeowners Association, Inc. Table of Contents Section Report Page Section I: of Association Reserves 1 Section II: 30 Year Expense Forecast Detailed 5 Section III: 30 Year Reserve Funding Plan Cash Flow Method {c} 17 Section III-a: 30 Year Reserve Funding Plan Cash Flow Method - Ending Balances Chart 20 Section IV: 30 Year Reserve Funding Plan Fully Funded Balance and % Funded 21 Section V: Reserve Fund Balance Forecast Component Method 22 Section VI: Component Listing Included Components 29 Section VII: Tabular Component Listing Included Components 73 Section VII-a: Expenditures by Year - Next 3 Years 78 Section IX: Directory of Reserve Study Contractors Section X: Auditor Notes 85 Section X-a: Supplementary Information for Auditor Component Method Section XI: Glossary Reserve Study Terms Addendum: Homeowner Distribution Materials See Page ii for Details 1693 Version 2/5/ fs :nad.d 2/5/ :20:33 PM Browning Reserve Group 2013 TOC - i

3 Brookwood Homeowners Association, Inc. Homeowner Distribution Materials The following Reserve Study sections should be provided to each Homeowner. Section Report Idaho: Member Section III: 30 Year Reserve Funding Plan Cash Flow Method {c} 1693 Version 2/5/ fs :nad.d 2/5/ :20:33 PM Browning Reserve Group 2013 TOC - ii

4 Section I Full Study Brookwood Homeowners Association, Inc. Published - February 05, 2013 Reserve Study A Reserve Study was conducted of (the "Association"). A Full Study 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 370 Lots. 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. 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 /5/ fs :nad.d Version 2/5/ :20:33 PM Browning Reserve Group 2013 / Emmett, ID Office (208) Tony@BrowningRG.com /

5 Reserve Study - Full Study 2 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 $169,434. [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, 2013 is estimated to be $120,831, constituting 71.3% 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 $12,200 [$8.24 per Lot per quarter (average)] for the fiscal year ending December 31, 2013 (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. Funding Assessment Based on the 30 year cash flow projection, the Association's reserves are inadequately funded as the reserve fund ending balances may fail to remain positive throughout the replacement of all major components during the next 30 years. Additional reserve funding including some combination of increased contributions, special assessments and loans may be necessary to meet all reserve obligations. Idaho statute imposes no reserve funding level requirements nor does it address funding level adequacy. Percent Funded Status Based on paragraphs 1-3 above, the Association is 71.3% 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 %

6 Reserve Study - Full Study 3 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. 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, and no destructive testing was performed. The costs outlined in the study are for budgetary and planning purposes only, and 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. 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.

7 Reserve Study - Full Study 4 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. 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

8 Section II 30 Year Expense Forecast - Detailed Current Replacement Life Useful / Reserve Component Cost Remaining Common Area Paving Asphalt Repairs & Sealing 8,928 Sq. Ft. Ball Field Parking Lot Asphalt Repairs & Sealing 10,499 Sq. Ft. Asphalt Pathway Brick Pavers Gazebo Concrete Total Paving 3, Miscellaneous Common Area, Pool & Total Concrete 2, Painting: Exterior Surface Restoration Barn Mid Cycle Touch-Up All Association Structures Wrought Iron 349 Lin. Ft. Gazebo & Ditch/Creek Banks Wood Fencing 2,035 Lin. Ft. Perimeter Fencing Light Poles 53 Street Lights Fire Hydrants 52 Fire Hydrants Gazebo Gazebo Miscellaneous Pump Houses #1, #2 & #3 Total Painting: Exterior 18, Structural Repairs Siding & Trim Barn Masonry Repairs Monument Signs & All Structures Bridge Maintenance Common Area Bridges Gazebo Repairs Gazebo Building Maintenance Pump Houses & Garbage Enclosure Total Structural Repairs 3,100 1, ,268 1,427 1,607 1, ,448 1, ,448 1,268 1, ,607 1,946 2, ,122 2,460 2,852 2,122 2,460 2,852 2, ,476 3,137 1, ,267 2, ,288 3,075 4, ,405 4,958 5,580 6,280 5, ,459 6,915 2, , , ,405 6,283 2,288 7,997 10,140 7,959 10,130 3, , ,159 1, , , Version 2/5/ :20:33 PM Browning Reserve Group to

9 Current Replacement Life Useful / 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining Roofing Pitched: Dimensional Composition 22 Squares- Barn Pitched: Dimensional Composition 7 Squares- Gazebo Pitched: Dimensional Composition 8 Squares- Pump Houses #1, #2 & # Gutters / Downspouts 142 Lin. Ft. Barn Roofing: Inspections & Repairs All Association Structures[nr:6] Total Roofing 10, Basketball / Sport Court Seal & Striping Basketball Courts Miscellaneous Concrete Court[nr:1] Total Basketball / Sport Court Landscaping Irrigation: Controllers Common Area Irrigation: Valves 450 Common Area (2%) Irrigation: Pumps Pump House # Irrigation: Pumps Pump House # Irrigation: Pumps Pump House # Repair[nr:1] Irrigation: Pumps Pump House #1 - Failed Re-Circulating Pumps[nr:2] Drainage System Maint. 3 Common Area[nr:10] Bark Replacement Common Area Tree Maintenance Common Area - Structural Maintenance Major Renovation Ball Field - New Sod[nr:1] Miscellaneous Filtration System - Pump House # Miscellaneous Filtration System - Pump House #2 5, ,367 1, ,056 1, , ,008 1, ,008 1,069 12,626 1, ,639 1,791 1,957 2,139 24, ,402 25,902 Total Landscaping 95, Lakes / Ponds Pumps / Mechanical Pump House #3 - Pond # Miscellaneous Waterfalls, Fountain & Creek Beds Total Lakes / Ponds 4,200 24,402 1,639 1,791 1,957 2,139 1, ,910 1,967 2,026 2,087 2,149 2,214 2,280 2,349 2,419 2,492 2,566 2,643 2,723 3, ,819 3,934 4,052 4,173 4,299 4,428 4,560 4,697 4,838 4,983 5,133 5,287 5,445 2, ,060 2,122 2,185 2,251 2,319 2,388 2,460 2,534 2,610 2,688 2,768 2,852 2,937 3,025 2, ,060 2,122 2,185 2,251 2,319 2,388 2,460 2,534 2,610 2,688 2,768 2,852 2,937 3,025 2, ,318 5, ,000 5,150 6, ,798 7,002 7,212 7,428 7,651 7,881 8,117 8,361 8,612 8,870 9, ,270 9,548 9,835 10,130 10,433 10,746 11,069 11,401 11,743 12,095 12,458 12,832 13,217 13,613 14, ,853 16,230 17,735 19,379 21,176 24, ,820 12, ,911 12, ,758 32,138 25,338 41,375 27,318 28,138 59,123 29,851 45,505 49,404 32,619 33,598 44,849 26,234 27,021 49,008 3, ,278 3,800 4,406 1, ,391 1,762 3,278 1,391 3,800 6,168 Version 2/5/ :20:33 PM Browning Reserve Group to

10 Current Replacement Life Useful / 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining Fencing Wrought Iron 349 Lin. Ft. Gazebo & Ditch/Creek Banks Wood: 6' 322 Lin. Ft. East Perimeter Pond # Lighting Street: Poles & Fixtures 5 Common Area Signage Miscellaneous Common Area & Pool Total Fencing 18,520 Total Lighting 10, Monument 3 Community Identity Monuments Total Signage 4, Mechanical Equipment Sump Pump Ball Field Total Mechanical Equipment Miscellaneous Fountain: Mechanical Common Area Fountain 10, , ,822 10, , ,751 2,030 2,353 3, ,183 4,277 1,751 3,183 2,030 2,353 4,277 3, ,032 3,000 Total Miscellaneous ,032 11,822 Total [Common Area] Expenditures 3.00% 60,945 33,372 48,923 36,448 37,541 61,673 34,568 49,393 65,562 44,114 40,788 48,809 49,360 61,446 49, Paving Asphalt Repairs & Sealing 4,682 Sq. Ft. Pool Parking Lot Total Paving Painting: Exterior Surface Restoration Building Wrought Iron 330 Lin. Ft. Perimeter Fence Shade Structure West Shade Structure Shade Structure Eest Shade Structure Total Painting: Exterior 5, Painting: Interior Restrooms Total Painting: Interior , ,126 1,426 3, ,244 4, , , , ,191 1,426 1, Structural Repairs Version 2/5/ :20:33 PM Browning Reserve Group to

11 Current Replacement Life Useful / 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining Shade Structure East & West Shade Structures Building Maintenance Building Total Structural Repairs 1, Roofing Pitched: Dimensional Composition 14 Squares- Building Gutters / Downspouts 116 Lin. Ft. Building Rehab Bathrooms Restrooms Pool Resurface 298 Lin. Ft Tile 298 Lin. Ft Deck: Re-Surface Equipment: Replacement Equipment: Replacement - Chlorinator Heater Pool Cover Furniture Total Roofing 3,097 Total Rehab 2, Miscellaneous - Epoxy Paint[nr:1] Fencing Total Pool 59, Wrought Iron: 8' 330 Lin. Ft. Perimeter Fence Total Fencing 14, Mechanical Equipment Water Heater Total Mechanical Equipment Miscellaneous Access Control System , , , , ,688 28, ,938 3, ,666 2, ,060 2,388 2, ,866 1, ,030 1,061 1,093 1,126 1,159 1,194 1,230 1,267 1,305 1,344 1,384 1,426 1,469 1,513 2, ,060 2,937 11, ,783 5, ,796 1, ,159 1,344 5, ,853 14, ,150 1,061 1,093 6,978 8,115 3,582 1,230 1,267 42,909 17,471 4,153 1,426 4,406 1, Total Miscellaneous 2,000 2, , ,319 2,688 Version 2/5/ :20:33 PM Browning Reserve Group to

12 Current Replacement Life Useful / 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining Total [] Expenditures 3.00% 9,742 1,061 1,748 8,554 12,414 3,582 1,968 2,660 44,616 20,782 9,343 3,564 10,193 2, Paving Asphalt Repairs & Sealing 3,633 Sq. Ft. Parking Lot Brick Pavers Total Paving Painting: Exterior Surface Restoration Total Painting: Exterior 1, Painting: Interior Interior Total Painting: Interior 1, Structural Repairs Siding & Trim Metal Railings 47 Lin. Ft Doors Windows Total Structural Repairs 13, Roofing Pitched: Dimensional Composition 25 Squares Gutters / Downspouts 100 Lin. Ft Rehab Total Roofing 5,178 Total Rehab 4, Office Equipment Miscellaneous Office Total Office Equipment , ,688 2,139 1,688 2,139 1, , , , ,469 10, , ,469 4, , ,016 4, , , Mechanical Equipment HVAC Water Heater Total Mechanical Equipment Furnishings 5, , ,141 6, ,791 1,141 Version 2/5/ :20:33 PM Browning Reserve Group to

13 Current Replacement Life Useful / 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining Furnishings Flooring Total Furnishings Carpeting 101 Sq. Yds Appliances Refrigerator GE Side by Side Stove GE True Temp Dishwasher GE Triton Profile Total Flooring 2,879 Total Appliances 1, ,075 2, ,756 1, , ,773 3,756 1,075 Total [] Expenditures 3.00% Total Expenditures 3.00% ,338 2,251 1,127 2,407 6,949 1,747 3,992 15,786 60,945 43,601 50,833 44,534 48,346 75,215 38,150 51,360 70,629 95,680 63,317 58,152 56,916 87,425 51,126 Total Current Replacement Cost 327,796 Version 2/5/ :20:33 PM Browning Reserve Group to

14 30 Year Expense Forecast - Detailed Reserve Component Common Area Paving Asphalt Repairs & Sealing 8,928 Sq. Ft. Ball Field Parking Lot Asphalt Repairs & Sealing 10,499 Sq. Ft. Asphalt Pathway Brick Pavers Gazebo Total Paving 1,808 2,035 2,291 2,578 2, ,144 1, ,035 2,615 2,291 2,578 1, Concrete Miscellaneous Common Area, Pool & Total Concrete Painting: Exterior Surface Restoration Barn Mid Cycle Touch-Up All Association Structures Wrought Iron 349 Lin. Ft. Gazebo & Ditch/Creek Banks Wood Fencing 2,035 Lin. Ft. Perimeter Fencing Light Poles 53 Street Lights Fire Hydrants 52 Fire Hydrants Gazebo Gazebo Miscellaneous Pump Houses #1, #2 & #3 Total Painting: Exterior Structural Repairs Siding & Trim Barn Masonry Repairs Monument Signs & All Structures Bridge Maintenance Common Area Bridges Gazebo Repairs Gazebo Building Maintenance Pump Houses & Garbage Enclosure Total Structural Repairs 3,306 3,832 4,443 3,306 3,832 4,443 3,973 5,033 1,605 2,033 4,133 7,069 7,956 8,954 10,078 8,760 11,097 4,426 5,949 1,322 1, ,144 8,673 10,082 4,426 12,832 4,133 10,987 12,772 22, , ,144 1,558 1,806 2, ,047 1,256 1, , ,397 2, Roofing Pitched: Dimensional Composition 22 Squares- Barn Pitched: Dimensional Composition 7 Squares- Gazebo Pitched: Dimensional Composition 8 Squares- Pump Houses #1, #2 & #3 Version 2/5/ :20:33 PM Browning Reserve Group to

15 30 Year Expense Forecast - Detailed Reserve Component Gutters / Downspouts 142 Lin. Ft. Barn Roofing: Inspections & Repairs All Association Structures[nr:6] Total Roofing 1,673 1, Basketball / Sport Court Seal & Striping Basketball Courts Miscellaneous Concrete Court[nr:1] Total Basketball / Sport Court Landscaping Irrigation: Controllers Common Area Irrigation: Valves 450 Common Area (2%) Irrigation: Pumps Pump House # Irrigation: Pumps Pump House # Irrigation: Pumps Pump House # Repair[nr:1] Irrigation: Pumps Pump House #1 - Failed Re-Circulating Pumps[nr:2] Drainage System Maint. 3 Common Area[nr:10] Bark Replacement Common Area Tree Maintenance Common Area - Structural Maintenance Major Renovation Ball Field - New Sod[nr:1] Miscellaneous Filtration System - Pump House # Miscellaneous Filtration System - Pump House #2 Total Landscaping Lakes / Ponds Pumps / Mechanical Pump House #3 - Pond # Miscellaneous Waterfalls, Fountain & Creek Beds Total Lakes / Ponds Fencing Wrought Iron 349 Lin. Ft. Gazebo & Ditch/Creek Banks Wood: 6' 322 Lin. Ft. East Perimeter Pond #6 Total Fencing 2,337 2,554 2,790 3,049 3,332 2,337 2,554 2,790 3,049 3,332 2,804 2,888 2,975 3,064 3,156 3,251 3,349 3,449 3,552 3,659 3,769 3,882 3,998 4,118 4,242 5,609 5,777 5,950 6,129 6,313 6,502 6,697 6,898 7,105 7,318 7,538 7,764 7,997 8,237 8,484 3,116 3,209 3,306 3,405 3,507 3,612 3,721 3,832 3,947 4,066 4,188 4,313 4,443 4,576 4,713 3,116 3,209 3,306 3,405 3,507 3,612 3,721 3,832 3,947 4,066 4,188 4,313 4,443 4,576 4,713 14,022 14,442 14,876 15,322 15,782 16,255 16,743 17,245 17,762 18,295 18,844 19,409 19,992 20,591 21,209 23,140 25,286 27,630 30,192 32,992 21,673 22,993 28,667 29,527 53,552 31,325 32,265 80,191 34,229 58,250 63,944 37,403 38,526 69,874 40,872 42,098 76,353 5,107 5,921 6,864 2,232 2,828 5,107 2,232 5,921 6,864 2,828 17,824 17,824 Version 2/5/ :20:33 PM Browning Reserve Group to

16 30 Year Expense Forecast - Detailed Reserve Component Lighting Street: Poles & Fixtures 5 Common Area Total Lighting 17,024 19,736 22,879 17,024 19,736 22, Signage Miscellaneous Common Area & Pool Monument 3 Community Identity Monuments Total Signage 2,728 3,163 3,666 2,728 3,163 5,748 3,666 5, Mechanical Equipment Sump Pump Ball Field Total Mechanical Equipment Miscellaneous Fountain: Mechanical Common Area Fountain Total Miscellaneous 1,021 1,021 5,418 5,418 Total [Common Area] Expenditures 3.00% 34,370 40,928 67,767 80,985 34, ,151 42,415 70,445 97,011 51,440 55,694 73,540 51,224 97,477 80, Paving Asphalt Repairs & Sealing 4,682 Sq. Ft. Pool Parking Lot Total Paving 1,006 1,132 1,274 1,434 1,006 1,132 1,274 1, Painting: Exterior Surface Restoration Building Wrought Iron 330 Lin. Ft. Perimeter Fence Shade Structure West Shade Structure Shade Structure Eest Shade Structure Total Painting: Exterior Painting: Interior Restrooms Total Painting: Interior Structural Repairs Shade Structure East & West Shade Structures Building Maintenance Building Total Structural Repairs 1,806 2,288 5,860 1,157 1,302 1,466 1, ,052 1,184 1, ,157 1,052 1,806 7,162 1,184 1,466 1,333 2,288 1, ,016 1,144 1,021 1, , ,016 2, Roofing Version 2/5/ :20:33 PM Browning Reserve Group to

17 30 Year Expense Forecast - Detailed Reserve Component Pitched: Dimensional Composition 14 Squares- Building Gutters / Downspouts 116 Lin. Ft. Building Rehab Total Roofing Bathrooms Restrooms Total Rehab Pool Resurface 298 Lin. Ft Tile 298 Lin. Ft Deck: Re-Surface Equipment: Replacement Equipment: Replacement - Chlorinator Heater Pool Cover Furniture Miscellaneous - Epoxy Paint[nr:1] Fencing Total Pool Wrought Iron: 8' 330 Lin. Ft. Perimeter Fence Total Fencing Mechanical Equipment Water Heater Total Mechanical Equipment Miscellaneous Access Control System Total Miscellaneous Total [] Expenditures 3.00% 66,714 8,427 3,209 3,721 4,313 1,558 1,605 1,653 1,702 1,754 1,806 1,860 1,916 1,974 2,033 2,094 2,157 2,221 2,288 2,357 4,188 9,031 1,558 1,806 2,094 3,116 4,814 1,653 1,702 1,754 12,643 5,581 1,916 1,974 2,033 8,375 6,470 2,221 2,288 77,498 26,821 26, ,612 3,612 4,051 5,616 3,816 2,724 2,806 46,507 13,875 1,916 3,158 3,862 11,115 6,470 3,554 7,093 80, Paving Asphalt Repairs & Sealing 3,633 Sq. Ft. Parking Lot Brick Pavers , ,144 Version 2/5/ :20:33 PM Browning Reserve Group to

18 30 Year Expense Forecast - Detailed Reserve Component Total Paving ,144 1, Painting: Exterior Surface Restoration Total Painting: Exterior Painting: Interior Interior Total Painting: Interior Structural Repairs Siding & Trim Metal Railings 47 Lin. Ft Doors Windows Total Structural Repairs Roofing Pitched: Dimensional Composition 25 Squares Gutters / Downspouts 100 Lin. Ft. Total Roofing 2,709 3,432 2,709 3,432 2,762 3,712 2,762 3, ,144 2,400 1,702 1,974 2,288 18,471 22, ,974 3, Rehab Total Rehab Office Equipment Miscellaneous Office Total Office Equipment Mechanical Equipment HVAC Water Heater Total Mechanical Equipment Furnishings Furnishings Flooring Total Furnishings Carpeting 101 Sq. Yds , ,047 9,023 1,533 9,023 1,533 1,246 1,445 1,675 1,246 1,445 1,675 5,047 6,783 Version 2/5/ :20:33 PM Browning Reserve Group to

19 30 Year Expense Forecast - Detailed Reserve Component Total Flooring 5,047 6, Appliances Refrigerator GE Side by Side Stove GE True Temp Dishwasher GE Triton Profile Total Appliances Total [] Expenditures 3.00% Total Expenditures 3.00% 2, ,203 2, ,300 7,809 5, ,533 1,974 3,711 11,211 12,551 40,446 46,544 72, ,008 44, ,619 57,168 73, ,142 55,302 70,520 80,010 54, , ,986 Version 2/5/ :20:33 PM Browning Reserve Group to

20 Section III 30 Year Reserve Funding Plan Cash Flow Method *See Important footnotes at end of this Section III. Beginning Balance Inflated 3.0% Reserve Contribution 370 Percentage Increase Special Assessments / Other Interest Pre 0.00% Ending Balance 1) , , ,831 94,398 86,465 93, , , , ,065 60,945 43,601 50,833 44,534 48,346 75,215 38,150 51,360 70,629 95,680 12, ,200 24,400 36,600 54,900 82,350 82,350 82,350 82,350 82, % 100.0% 50.0% 50.0% 50.0% 0.0% 0.0% 0.0% 0.0% 60, , ,831 94,398 86,465 93, , , , , ,735 Beginning Balance of $140,032 provided by Choice One HOAS. Balance consists of Operating Reserve MM1 $41,299.91; Asphalt Resealing MM2 $3,000; Fence/Bldg. Staining MM2 $24,000; Irrigation Pump Replacement MM2 $12,140; Pool Resurfacing MM2 $9,000; Pool Shade Fund in MM2 $2,093.91; US Bank Capiral Reserve MM2 - Other $48,498.16; Beginning Balance Inflated 3.0% Reserve Contribution 370 Percentage Increase Special Assessments / Other Interest Pre 0.00% Ending Balance , , , , , , , , , ,587 63,317 58,152 56,916 87,425 51,126 40,446 46,544 72, ,008 44,915 82,350 82,350 82,350 82,350 82,350 82,350 82,350 82,350 82,350 82, % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% , , , , , , , , , ,022 Beginning Balance Inflated 3.0% Reserve Contribution 370 Percentage Increase Special Assessments / Other Interest Pre 0.00% Ending Balance , , , , , , , , , , ,619 57,168 73, ,142 55,302 70,520 80,010 54, , ,986 82,350 82,350 82,350 82,350 82,350 82,350 82,350 82,350 82,350 82, % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% , , , , , , , , , ,321 Version 2/5/ :20:33 PM Browning Reserve Group

21 30 Year Reserve Funding PlanCash Flow Method Version 2/5/ :20:33 PM Browning Reserve Group

22 30 Year Reserve Funding PlanCash Flow Method 2) 3) Period / Year 00 / 2012 Reserve Funding Plan - Footnotes Reserve Contribution of $12,200 provided by Choice One HOAS. Transfer from Operating Account of $60,945 to fund reserve expenses of Version 2/5/ :20:33 PM Browning Reserve Group

23 Fund Balance Section III-a 30 Year Reserve Funding Plan Cash Flow Method - Ending Balances $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $ Version 2/5/ :20:33 PM Browning Reserve Group Years

24 Section IV 30 Year Reserve Funding Plan Including Fully Funded Balance and % Funded Year Beginning Balance Fully Funded Balance Percent Funded Inflated 3.00% Reserve Contribution Special Assessments & Other Contributions , , % 60,945 12,200 60, , , , % 43,601 12, , , , % 50,833 24, , , , % 44,534 36, , , , % 48,346 54, , , , % 75,215 82, , , , % 38,150 82, , , , % 51,360 82, , , , % 70,629 82, , , , % 95,680 82, , , , % 63,317 82, , , , % 58,152 82, , , , % 56,916 82, , , , % 87,425 82, , , , % 51,126 82, , , , % 40,446 82, , , , % 46,544 82, , , , % 72,363 82, , , , % 117,008 82, , , , % 44,915 82, , , , % 153,619 82, , , , % 57,168 82, , , , % 73,894 82, , , , % 102,142 82, , , , % 55,302 82, , , , % 70,520 82, , , , % 80,010 82, , , , % 54,778 82, , , , % 115,780 82, , , , % 173,986 82, ,321 Interest Ending Balance Version 2/5/ :20:33 PM Browning Reserve Group

25 Section V Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2012 Fully Funded Balance 2013 Fully Funded Balance % Per Year Straight Line 2013 Line Item Contribution based on Cash Flow Method Paving Common Area Asphalt Repairs & Sealing 8,928 Sq. Ft. Ball Field Parking Lot Asphalt Repairs & Sealing 10,499 Sq. Ft. Asphalt Pathway Brick Pavers Gazebo 1, , % 87 1, , ,092 1, % % 17 Sub-total [ Paving] 3,026 3, ,482 2, % Concrete Miscellaneous Common Area, Pool & Painting: Exterior Surface Restoration Barn Mid Cycle Touch-Up All Association Structures Wrought Iron 349 Lin. Ft. Gazebo & Ditch/Creek Banks Wood Fencing 2,035 Lin. Ft. Perimeter Fencing Light Poles 53 Street Lights Fire Hydrants 52 Fire Hydrants Gazebo Gazebo Miscellaneous Pump Houses #1, #2 & #3 2, , ,200 1, % 116 2, , ,100 1, % 85 1, , % 38 2, , ,466 1, % 63 4, ,405 1,101 4,405 1, % 301 5, , ,638 5, % 187 2, , % % % 19 Sub-total [ Painting: Exterior] 18,899 20,575 2,965 13,189 11, % 811 Version 2/5/ :20:33 PM Browning Reserve Group

26 Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2012 Fully Funded Balance 2013 Fully Funded Balance % Per Year Straight Line 2013 Line Item Contribution based on Cash Flow Method Common Area Structural Repairs Siding & Trim Barn Masonry Repairs Monument Signs & All Structures Bridge Maintenance Common Area Bridges Gazebo Repairs Gazebo Building Maintenance Pump Houses & Garbage Enclosure % % 19 1, , % % % 15 Sub-total [ Structural Repairs] 3,100 3, % Roofing Pitched: Dimensional Composition 22 Squares- Barn Pitched: Dimensional Composition 7 Squares- Gazebo Pitched: Dimensional Composition 8 Squares- Pump Houses #1, #2 & # Gutters / Downspouts 142 Lin. Ft. Barn Roofing: Inspections & Repairs All Association Structures[nr:6] 5, , ,229 3, % 76 1, , % 19 1, , % % % 73 Sub-total [ Roofing] 10,058 14, ,512 6, % Basketball / Sport Court Seal & Striping Basketball Courts Miscellaneous Concrete Court[nr:1] 1, , % , , % 0 Sub-total [ Basketball / Sport Court] 25,902 1, , % 112 Version 2/5/ :20:33 PM Browning Reserve Group

27 Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2012 Fully Funded Balance 2013 Fully Funded Balance % Per Year Straight Line 2013 Line Item Contribution based on Cash Flow Method Common Area Landscaping Irrigation: Controllers Common Area Irrigation: Valves 450 Common Area (2%) Irrigation: Pumps Pump House # Irrigation: Pumps Pump House # Irrigation: Pumps Pump House # Repair[nr:1] Irrigation: Pumps Pump House #1 - Failed Re-Circulating Pumps[nr:2] Drainage System Maint. 3 Common Area[nr:10] Bark Replacement Common Area Tree Maintenance Common Area - Structural Maintenance Major Renovation Ball Field - New Sod[nr:1] Miscellaneous Filtration System - Pump House # Miscellaneous Filtration System - Pump House #2 1, , % 174 3, ,819 1,273 1,200 1, % 348 2, ,060 1,030 1,000 2, % 282 2, ,060 1,030 1,000 2, % 282 2, , % 0 5, ,000 5,000 5,000 5, % 1,367 6, ,798 3,399 3,300 6, % 930 9, ,270 4,635 4,500 9, % 1,268 14, ,853 4,951 4,667 9, % 1,354 24, , % 0 12, , ,000 9, % , , ,400 7, % 269 Sub-total [ Landscaping] 95,138 74,439 23,866 62,805 54, % 6, Lakes / Ponds Pumps / Mechanical Pump House #3 - Pond # Miscellaneous Waterfalls, Fountain & Creek Beds 3, , ,200 1, % 179 1, , % 48 Sub-total [ Lakes / Ponds] 4,200 4, ,650 2, % Fencing Wrought Iron 349 Lin. Ft. Gazebo & Ditch/Creek Banks Wood: 6' 322 Lin. Ft. East Perimeter Pond #6 10, , ,188 4, % 162 8, , ,864 4, % 129 Sub-total [ Fencing] 18,520 29,646 1,067 8,052 8, % 292 Version 2/5/ :20:33 PM Browning Reserve Group

28 Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2012 Fully Funded Balance 2013 Fully Funded Balance % Per Year Straight Line 2013 Line Item Contribution based on Cash Flow Method Common Area Lighting Street: Poles & Fixtures 5 Common Area Signage Miscellaneous Common Area & Pool Monument 3 Community Identity Monuments 10, , % 245 1, , ,360 1, % 96 3, , ,400 2, % 87 Sub-total [ Signage] 4,700 4, ,760 4, % Mechanical Equipment Sump Pump Ball Field Miscellaneous Fountain: Mechanical Common Area Fountain 3, , % % 12 Sub-total Common Area 199, ,248 33, ,429 94, % 9, Paving Asphalt Repairs & Sealing 4,682 Sq. Ft. Pool Parking Lot Painting: Exterior Surface Restoration Building Wrought Iron 330 Lin. Ft. Perimeter Fence Shade Structure West Shade Structure Shade Structure Eest Shade Structure % 43 1, , % 38 3, , ,835 3, % % % 45 Sub-total [ Painting: Exterior] 5,450 5, ,010 4, % Painting: Interior Restrooms % 12 Version 2/5/ :20:33 PM Browning Reserve Group

29 Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2012 Fully Funded Balance 2013 Fully Funded Balance % Per Year Straight Line 2013 Line Item Contribution based on Cash Flow Method Structural Repairs Shade Structure East & West Shade Structures Building Maintenance Building % % 21 Sub-total [ Structural Repairs] 1,100 1, % Roofing Pitched: Dimensional Composition 14 Squares- Building Gutters / Downspouts 116 Lin. Ft. Building 2, , ,492 1, % % 9 Sub-total [ Roofing] 3,097 4, ,724 1, % Rehab Bathrooms Restrooms Pool Resurface 298 Lin. Ft Tile 298 Lin. Ft Deck: Re-Surface Equipment: Replacement Equipment: Replacement - Chlorinator Heater Pool Cover Furniture Miscellaneous - Epoxy Paint[nr:1] 2, , ,000 1, % 37 28, ,938 1,847 15,571 17, % 505 3, , ,967 2, % 64 2, , ,600 2, % 113 1, , , % 141 2, , ,833 2, % 47 11, , ,500 6, % 202 5, , ,333 3, % 106 1, , % 53 5, ,853 1,171 1,040 2, % 320 Sub-total [ Pool] 59,086 74,345 5,668 31,511 37, % 1, Fencing Wrought Iron: 8' 330 Lin. Ft. Perimeter Fence 14, , ,950 5, % 245 Version 2/5/ :20:33 PM Browning Reserve Group

30 Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2012 Fully Funded Balance 2013 Fully Funded Balance % Per Year Straight Line 2013 Line Item Contribution based on Cash Flow Method Mechanical Equipment Water Heater Miscellaneous Access Control System % 8 2, , ,333 1, % 42 Sub-total 88, ,343 8,200 45,666 53, % 2, Paving Asphalt Repairs & Sealing 3,633 Sq. Ft. Parking Lot Brick Pavers % % 17 Sub-total [ Paving] 972 1, % Painting: Exterior Surface Restoration Painting: Interior Interior Structural Repairs Siding & Trim Metal Railings 47 Lin. Ft Doors Windows 1, , % 58 1, , % % 19 1, , % 22 1, , % 29 10, , ,340 4, % 168 Sub-total [ Structural Repairs] 13,760 22, ,225 5, % Roofing Pitched: Dimensional Composition 25 Squares Gutters / Downspouts 100 Lin. Ft. 4, , ,707 2, % % 7 Sub-total [ Roofing] 5,178 7, ,927 3, % 71 Version 2/5/ :20:33 PM Browning Reserve Group

31 Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2012 Fully Funded Balance 2013 Fully Funded Balance % Per Year Straight Line 2013 Line Item Contribution based on Cash Flow Method Rehab Office Equipment Miscellaneous Office Mechanical Equipment HVAC Water Heater 4, , ,160 2, % % 26 5, , ,240 4, % % 23 Sub-total [ Mechanical Equipment] 6,100 6, ,880 5, % Furnishings Furnishings Flooring Carpeting 101 Sq. Yds Appliances Refrigerator GE Side by Side Stove GE True Temp Dishwasher GE Triton Profile , % 27 2, , % 103 1, , % % % 10 Sub-total [ Appliances] 1,900 2, ,240 1, % 34 Sub-total 39,663 56,283 3,163 18,238 21, % 865 Totals 327, ,874 44, , , % 12,200 [A] [EndBal] [A] [B] [EndBal] [B] Percent Funded 80.83% 71.31% Version 2/5/ :20:33 PM Browning Reserve Group

32 Section VI Component Listing Included Components Common Area Paving Asphalt Repairs & Sealing Useful Life 4 8,928 Sq. Ft. Ball Field Parking Lot Quantity 8,928 Unit of Measure Square Feet Cost /SqFt $ % Total Cost/Study $1,161 Replacement Year 2015 Future Cost $1,268 This is to apply two coats of Resurfacer XLR8 brand emulsion product. The square footage includes crackfill and other repair as needed, surface preparation prior to application and striping where applicable. Cost estimate and useful life provided by Shane Martin. Square footage is approximate by BRG. 3 Costing provided by AA Sealcoat Inc. Version 2/5/ :20:33 PM Browning Reserve Group

33 Component Listing Included Components Common Area Paving Asphalt Repairs & Sealing Useful Life 10 10,499 Sq. Ft. Asphalt Pathway Quantity 10,499 Unit of Measure Square Feet Cost /SqFt $ % Total Cost/Study $1,365 Replacement Year 2014 Future Cost $1,448 This is to apply two coats of Resurfacer XLR8 brand emulsion product. The square footage includes crackfill and other repair as needed, surface preparation prior to application and striping where applicable. Cost estimate and useful life provided by Shane Martin. Square footage is approximate by BRG. 2 Costing provided by AA Sealcoat Inc Brick Pavers Useful Life 10 Gazebo Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $500 Replacement Year 2020 Future Cost $633 This is to have funds available for periodic repair/replacement of brick pavers as needed. 8 Version 2/5/ :20:33 PM Browning Reserve Group

34 Component Listing Included Components Common Area Concrete Miscellaneous Useful Life 5 Common Area, Pool & Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % Total Cost/Study $2,000 Replacement Year 2014 Future Cost $2,122 This is to repair, replace or grind failed concrete flatwork to remove trip hazards and maintain functionality. Includes walkways, curbs, gutters, and basketball courts. Since the core concrete useful life exceeds the scope of this thirty year study, this is for repairs only and not full replacement Painting: Exterior Surface Restoration Useful Life 8 Barn Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % Total Cost/Study $2,200 Replacement Year 2016 Future Cost $2,476 This is to paint with a premium exterior 100% acrylic paint solid stain such as Sherwin Williams Wood Scapes. Includes preparation, power washing, sanding, scraping and caulking as needed. Cost estimate and useful life provided by Randy Brown. 4 Costing provided by Brush Works Inc. Version 2/5/ :20:33 PM Browning Reserve Group

35 Component Listing Included Components Common Area Painting: Exterior Mid Cycle Touch-Up Useful Life 8 All Association Structures Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,000 Replacement Year 2020 Future Cost $1,267 This is to perform mid cycle touch-up painting midway between full painting cycles. Mid cycle painting is typically necessary with long duration full paint cycles Wrought Iron Useful Life Lin. Ft. Gazebo & Ditch/Creek Banks Quantity 349 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $2,094 Replacement Year 2015 Future Cost $2,288 This is to paint the wrought iron with a direct to metal (DTM) material. Includes preparation, sanding, scraping and primer as necessary. Linear footage is approximate by BRG. 3 Version 2/5/ :20:33 PM Browning Reserve Group

36 Component Listing Included Components Common Area Painting: Exterior Wood Fencing Useful Life 4 2,035 Lin. Ft. Perimeter Fencing Quantity 2,035 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $4,405 Replacement Year 2012 Future Cost $4,405 This is to power wash and stain the cedar fence with a Cabot clear solution cedar tone brand stain. Includes approximately 322 linear feet of fence along the east side of pond #6. Cost estimate and useful life provided by Randy Brown. Linear footage is approximate by BRG. 0 Costing provided by Brush Works Inc Light Poles Useful Life 8 53 Street Lights Quantity 53 Unit of Measure Items Cost /Itm $100 This is to prep and paint the association fiber glass light poles % Total Cost/Study $5,300 Replacement Year 2013 Future Cost $5,459 1 Version 2/5/ :20:33 PM Browning Reserve Group

37 Component Listing Included Components Common Area Painting: Exterior Fire Hydrants Useful Life Fire Hydrants Quantity 52 Unit of Measure Items This is to prep and paint the fire hydrants. Cost /Itm $ % Total Cost/Study $2,600 Replacement Year 2020 Future Cost $3, Gazebo Useful Life 8 Gazebo Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $800 Replacement Year 2013 Future Cost $824 This is to prep and paint the gazebo. Cost estimate, useful and remaining life provided by Randy Brown. 1 Costing provided by Brush Works Inc. Version 2/5/ :20:33 PM Browning Reserve Group

38 Component Listing Included Components Common Area Painting: Exterior Miscellaneous Useful Life 8 Pump Houses #1, #2 & #3 Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $500 Replacement Year 2016 Future Cost $563 This is to paint the pump houses with a premium exterior 100% acrylic solid stain such as Sherwin Williams Wood Scapes. Cost estimate and useful life provided by Randy Brown. 4 Costing provided by Brush Works Inc Structural Repairs Siding & Trim Useful Life 8 Barn Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $500 Replacement Year 2016 Future Cost $563 This is to have funds available for repairs/replacement of siding and/or trim as needed in concert with the painting cycle. 4 Version 2/5/ :20:33 PM Browning Reserve Group

39 Component Listing Included Components Common Area Structural Repairs Masonry Repairs Useful Life 5 Monument Signs & All Structures Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $500 Replacement Year 2020 Future Cost $633 This is to have funds available as needed to make repairs to the existing rock finishes on the monument signs, the pool building and clubhouse. Since the useful life exceeds the scope of this study, this provides for repairs only and not full replacement Bridge Maintenance Useful Life 5 Common Area Bridges Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,000 Replacement Year 2017 Future Cost $1,159 This is to have funds available to maintain all of the bridges located in the common area including the one over Dry Creek. 5 Version 2/5/ :20:33 PM Browning Reserve Group

40 Component Listing Included Components Common Area Structural Repairs Gazebo Repairs Useful Life 8 Gazebo Quantity 1 Unit of Measure Lump Sum This is for replacement and repairs of the gazebo. Cost /LS $ % Total Cost/Study $500 Replacement Year 2021 Future Cost $ Building Maintenance Useful Life 15 Pump Houses & Garbage Enclosure Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $600 Replacement Year 2022 Future Cost $806 This is for on-going repairs, as needed to all three of the pump houses such as siding & trim, wood doors, metal roll up door, fencing, lights and utility services. Version 2/5/ :20:33 PM Browning Reserve Group

41 Component Listing Included Components Common Area Roofing Pitched: Dimensional Composition Useful Life Squares- Barn Quantity 22 Unit of Measure Squares Cost /Sqrs $ % Total Cost/Study $5,698 Replacement Year 2025 Future Cost $8,367 This is to replace the existing 30 year Architectural Dimensional Composition shingle roof with a similar product. Square count, cost estimate, useful and remaining life provided by Chad Argon. Costing provided by Northwest Roof Restoration Pitched: Dimensional Composition Useful Life 30 7 Squares- Gazebo Quantity 7 Unit of Measure Squares Cost /Sqrs $ % Total Cost/Study $1,400 Replacement Year 2025 Future Cost $2,056 This is to replace the existing 30 year Architectural Dimensional Composition shingle roof with a similar product. Square count, cost estimate, useful and remaining life provided by Chad Argon. Costing provided by Northwest Roof Restoration Version 2/5/ :20:33 PM Browning Reserve Group

42 Component Listing Included Components Common Area Roofing Pitched: Dimensional Composition Useful Life 30 8 Squares- Pump Houses #1, #2 & #3 Quantity 8 Unit of Measure Squares Cost /Sqrs $ % Total Cost/Study $1,500 Replacement Year 2025 Future Cost $2,203 This is to replace the existing 30 year Architectural Dimensional Composition shingle roof with a similar product. Square count, cost estimate, useful and remaining life provided by Chad Argon. Costing provided by Northwest Roof Restoration Gutters / Downspouts Useful Life Lin. Ft. Barn Quantity 142 Unit of Measure Linear Feet This is to replace the 6" gutters and downspouts. Linear footage is approximate by BRG. Cost /l.f. $ % Total Cost/Study $710 Replacement Year 2021 Future Cost $926 9 Version 2/5/ :20:33 PM Browning Reserve Group

43 Component Listing Included Components Common Area Roofing Roofing: Inspections & Repairs Useful Life 2 All Association Structures Quantity 1 Unit of Measure Lump Sum Cost /LS $ % 2 Treatment [nr:6] Total Cost/Study $750 Replacement Year 2014 Future Cost $796 This is to inspect and perform rudimentary maintenance as needed to the roofing of all association structures. Inspection to include the barn, clubhouse, gazebo, pool building and all three pump houses. Includes replacement of pipe jacks and vents where applicable. Cost estimate provided by Chad Argon. Costing provided by Northwest Roof Restoration Basketball / Sport Court Seal & Striping Useful Life 3 Basketball Courts Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,500 Replacement Year 2015 Future Cost $1,639 This is to seal the courts with a transparent concrete sealant such as Burke by Edoco brand or equal. The projected cost includes striping ($800) which may not have to be done on a three year cycle. Cost estimate and useful life provided by Tim Peppersack. 3 Costing provided by Wright Brothers The Building Co. Version 2/5/ :20:33 PM Browning Reserve Group

44 Component Listing Included Components Common Area Basketball / Sport Court Miscellaneous Useful Life 1 Concrete Court Quantity 1 Unit of Measure Lump Sum Cost /LS $24, % 0 Treatment [nr:1] Total Cost/Study $24,402 Replacement Year 2012 Future Cost $24,402 This was to replace the asphalt court with concrete and install new drains. Includes 4 new backboards, striping and sealing. Cost provided by Leann Hingsberger of Choice One HOAS Landscaping Irrigation: Controllers Useful Life 1 Common Area Quantity 1 Unit of Measure Items Cost /Itm $1, % Total Cost/Study $1,800 Replacement Year 2014 Future Cost $1,910 This is to replace the older Rainbird controllers with new Hunter Icore timer/controllers. There are a total of 11 on the property with an average of 1 to 2 replaced annually. Count and cost estimate provided by Juan Morales. 2 Costing provided by Summer Lawns, Inc. Version 2/5/ :20:33 PM Browning Reserve Group

45 Component Listing Included Components Common Area Landscaping Irrigation: Valves Useful Life Common Area (2%) Quantity 450 Unit of Measure Items Cost /Itm $400 Qty * $/Itm $180, % Total Cost/Study $3,600 Replacement Year 2014 Future Cost $3,819 This is for replacement of the irrigation valves, on a percentage basis as they generally have varying serviceable life's. Average annual replacement count and cost estimate provided by Juan Morales. 2 Costing provided by Summer Lawns, Inc Irrigation: Pumps Useful Life 1 Pump House #1 Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % Total Cost/Study $2,000 Replacement Year 2013 Future Cost $2,060 This is to have funds available annually to repair/replace the mechanical and electrical components of the pressurized irrigation system. Includes Berkeley submersible pumps, VFD LAG and pony pumps, 2" & 5" valmatic check valves, process logic, pressure differential and VFD controls, various coils, fuses, relays, fans, etc. Pump motors can be replaced twice to extend the useful life before an entire pump must be replaced. Annual funds are provided due to varying useful lives of the above components. BRG consulted with Dan Byler. 1 Costing provided by Dan's Pump & Filter LLC Version 2/5/ :20:33 PM Browning Reserve Group

46 Component Listing Included Components Common Area Landscaping Irrigation: Pumps Useful Life 1 Pump House #2 Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % Total Cost/Study $2,000 Replacement Year 2013 Future Cost $2,060 This is to have funds available annually to repair/replace the mechanical and electrical components of the pressurized irrigation system. Includes Berkeley submersible pumps, VFD LAG and pony pumps, 10hp well pump, 2" & 5" valmatic check valves, process logie, pressure differential and VFD controls, various coils, fuses, relays, fans, etc. Pump motors can be replaced twice to extend the useful life before an entire pump must be replaced. Annual funds are provided due to varying useful lives of the above components. BRG consulted with Dan Byler. 1 Costing provided by Dan's Pump & Filter LLC Irrigation: Pumps Useful Life 1 Pump House # Repair Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % 0 Treatment [nr:1] Total Cost/Study $2,318 Replacement Year 2012 Future Cost $2,318 This was to replace a Berkeley submersible pump that failed. Cost estimate provided by Dan Byler. Costing provided by Dan's Pump & Filter LLC Version 2/5/ :20:33 PM Browning Reserve Group

47 Component Listing Included Components Common Area Landscaping Irrigation: Pumps Pump House #1 - Failed Re-Circulating Pumps Useful Life 1 Quantity 1 Unit of Measure Lump Sum Cost /LS $5, % 0 Treatment [nr:2] Total Cost/Study $5,000 Replacement Year 2012 Future Cost $5,000 This was to replace a failed re-circulation pump. Costing provided by Dan's Pump & Filter LLC Drainage System Maint. Useful Life 1 3 Common Area Quantity 3 Unit of Measure Items Cost /Itm $2, % 1 Treatment [nr:10] Total Cost/Study $6,600 Replacement Year 2013 Future Cost $6,798 This is to have funds available to remodel existing/or install new common area drains to improve overall drainage efficiency. According to Juan Morales the current count is 3 drains/year at an average cost of $1,500 - $3,000/drain ($2,200 average). History will dictate if this component will need to be extended beyond 10 years. Costing provided by Summer Lawns, Inc Bark Replacement Useful Life 1 Common Area Quantity 1 Unit of Measure Lump Sum Cost /LS $9, % Total Cost/Study $9,000 Replacement Year 2013 Future Cost $9,270 This is for replenishing landscaped bedding areas with 3/4" - 1" of bark as needed. Cost estimate and useful life provided by Juan Morales. 1 Costing provided by Summer Lawns, Inc. Version 2/5/ :20:33 PM Browning Reserve Group

48 Component Listing Included Components Common Area Landscaping Tree Maintenance Useful Life 3 Common Area - Structural Maintenance Quantity 1 Unit of Measure Lump Sum Cost /LS $14, % Total Cost/Study $14,000 Replacement Year 2014 Future Cost $14,853 This is to perform major pruning as necessary. Cost estimate and useful life provided by Juan Morales. 2 Costing provided by Summer Lawns, Inc Major Renovation Useful Life 1 Ball Field - New Sod Quantity 1 Unit of Measure Lump Sum Cost /LS $24, % 0 Treatment [nr:1] Total Cost/Study $24,820 Replacement Year 2012 Future Cost $24,820 This is to rehabilitate the ball field including installation of top soil, new sod and several drains in the field and near the path along Eagle Rd. Also includes sprinkler adjustments and repair work on lawn and cleanup. Cost estimate provided by Juan Morales. Costing provided by Summer Lawns, Inc. Version 2/5/ :20:33 PM Browning Reserve Group

49 Component Listing Included Components Common Area Landscaping Miscellaneous Useful Life 15 Filtration System - Pump House #1 Quantity 1 Unit of Measure Lump Sum Cost /LS $12, % Total Cost/Study $12,000 Replacement Year 2017 Future Cost $13,911 This is to replace the Amiad SAM 4500 automatic filtration system. With proper maintenance the useful life may be extended to approximately 20 years. Cost estimate and useful life provided by Dan Byler. 5 Costing provided by Dan's Pump & Filter LLC Miscellaneous Useful Life 15 Filtration System - Pump House #2 Quantity 1 Unit of Measure Lump Sum Cost /LS $12, % Total Cost/Study $12,000 Replacement Year 2019 Future Cost $14,758 This is to replace the Amiad SAF 3000 automatic filtration system. With proper maintenance the useful life may be extended to approximately 20 years. Cost estimate and useful life provided by Dan Byler. 7 Costing provided by Dan's Pump & Filter LLC Version 2/5/ :20:33 PM Browning Reserve Group

50 Component Listing Included Components Common Area Lakes / Ponds Pumps / Mechanical Useful Life 5 Pump House #3 - Pond #6 Quantity 1 Unit of Measure Lump Sum Cost /LS $3, % Total Cost/Study $3,000 Replacement Year 2015 Future Cost $3,278 This is to have funds available periodically to repair/replace components of the pond waterfall circulation system. Includes 2 Triton pumps, 3 diffusers, self cleaning intake screen, and electrical control panels. Also includes repair of the sleeve distribution system as needed Miscellaneous Useful Life 8 Waterfalls, Fountain & Creek Beds Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,200 Replacement Year 2017 Future Cost $1,391 This is to have funds available for replenishment of the decorative rock and liner repairs where applicable. 5 Version 2/5/ :20:33 PM Browning Reserve Group

51 Component Listing Included Components Common Area Fencing Wrought Iron Useful Life Lin. Ft. Gazebo & Ditch/Creek Banks Quantity 349 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $10,470 Replacement Year 2030 Future Cost $17,824 This is to replace the wrought iron fencing. With aggressive paint maintenance, this component s life may be extended. Painting is provided for within another component Wood: 6' 322 Lin. Ft. East Perimeter Pond #6 Useful Life 25 Quantity 322 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $8,050 Replacement Year 2025 Future Cost $11,822 This is to replace the 6' wood fencing including discarded fence material removal and disposal. This fence is located along the east side of pond #6 and is assumed the responsibility of the Association. Useful life is contingent upon periodic staining. Linear footage is approximate by BRG. Version 2/5/ :20:33 PM Browning Reserve Group

52 Component Listing Included Components Common Area Lighting Street: Poles & Fixtures Useful Life 5 5 Common Area Quantity 5 Unit of Measure Items Cost /Itm $2, % Total Cost/Study $10,000 Replacement Year 2030 Future Cost $17,024 This is to replace the fiberglass pole and fixture. The life of the poles and fixtures should exceed the scope of this study. As such, we are projecting to replace 1 pole and fixture every 5 years. Repairs can also be made from this line item. BRG consulted with Tom Brown in making this projection. History will dictate the number of street poles to be replaced periodically. Costing provided by B & B Electric Signage Miscellaneous Useful Life 5 Common Area & Pool Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,700 Replacement Year 2013 Future Cost $1,751 This is to have funds available to replace miscellaneous association signage. 1 Version 2/5/ :20:33 PM Browning Reserve Group

53 Component Listing Included Components Common Area Signage Monument Useful Life 10 3 Community Identity Monuments Quantity 3 Unit of Measure Items Cost /Itm $1,000 This is to have the stucco, concrete cap, lettering and logo repainted % Total Cost/Study $3,000 Replacement Year 2014 Future Cost $3, Sump Pump Mechanical Equipment Useful Life 10 Ball Field Quantity 1 Unit of Measure Lump Sum Cost /LS $3, % Total Cost/Study $3,000 Replacement Year 2022 Future Cost $4,032 This is to have funds available periodically to repair/replace the 3hp Goulds sump pumps, Rhombus control panel and distribution lines for the ball field drainage. This assumes installation of a back-up system that is provided for in another component. BRG consulted with Dan Byler. Costing provided by Dan's Pump & Filter LLC Version 2/5/ :20:33 PM Browning Reserve Group

54 Component Listing Included Components Common Area Miscellaneous Fountain: Mechanical Useful Life 15 Common Area Fountain Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $600 Replacement Year 2015 Future Cost $656 This is to replace the mechanical equipment for the fountain including pumps, motors & fittings Paving Asphalt Repairs & Sealing Useful Life 4 4,682 Sq. Ft. Pool Parking Lot Quantity 4,682 Unit of Measure Square Feet Cost /SqFt $ % Total Cost/Study $609 Replacement Year 2013 Future Cost $627 This is to apply two coats of Resurfacer XLR8 brand emulsion product. The square footage includes crackfill and other repair as needed, surface preparation prior to application and striping where applicable. Cost estimate and useful life provided by Shane Martin. Square footage is approximate by BRG. 1 Costing provided by AA Sealcoat Inc. Version 2/5/ :20:33 PM Browning Reserve Group

55 Component Listing Included Components Painting: Exterior Surface Restoration Useful Life 8 Building Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,000 Replacement Year 2016 Future Cost $1,126 This is to paint with a premium exterior 100% acrylic solid stain such as Sherwin Williams Wood Scapes. Includes preparation, power washing, sanding, scraping and caulking as needed. Cost estimate and useful life provided by Randy Brown. 4 Costing provided by Brush Works Inc Wrought Iron 330 Lin. Ft. Perimeter Fence Useful Life 10 Quantity 330 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $3,150 Replacement Year 2013 Future Cost $3,244 1 This is to paint by hand the wrought iron fencing with a direct to metal (DTM) product. Includes preparation, sanding, scraping and primer as necessary. Cost estimate, useful and remaining life provided by Randy Brown. Linear footage is approximate by BRG. Costing provided by Brush Works Inc. Version 2/5/ :20:33 PM Browning Reserve Group

56 Component Listing Included Components Painting: Exterior Shade Structure Useful Life 4 West Shade Structure Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $700 Replacement Year 2013 Future Cost $721 This is to prep and stain the wood portion of the west shade structure with a Cabot clear solution cedar tone brand stain. The metal posts to be painted with a direct to metal (DTM) material. Cost estimate by Randy Brown. 1 Costing provided by Brush Works Inc Shade Structure Useful Life 4 Eest Shade Structure Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $600 Replacement Year 2015 Future Cost $656 This is to prep and stain the wood portion of the east shade structure with a Cabot clear solution cedar tone brand stain. The metal posts to be painted with a direct to metal (DTM) material. Cost estimate by Randy Brown. 3 Costing provided by Brush Works Inc. Version 2/5/ :20:33 PM Browning Reserve Group

57 Component Listing Included Components Restrooms Painting: Interior Useful Life 10 Quantity 1 Unit of Measure Lump Sum Cost /LS $400 This is to paint restroom interiors with a latex product % Total Cost/Study $400 Replacement Year 2016 Future Cost $ Structural Repairs Shade Structure Useful Life 4 East & West Shade Structures Quantity 1 Unit of Measure Lump Sum Cost /LS $500 This is for replacement and repairs of the shade structures as needed % Total Cost/Study $500 Replacement Year 2020 Future Cost $633 8 Version 2/5/ :20:33 PM Browning Reserve Group

58 Component Listing Included Components Structural Repairs Building Maintenance Useful Life 10 Building Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $600 Replacement Year 2020 Future Cost $760 This is for on-going repairs, as needed such as siding & trim, minor tile repair, doors, lights and utility services Roofing Pitched: Dimensional Composition Useful Life Squares- Building Quantity 14 Unit of Measure Squares Cost /Sqrs $ % Total Cost/Study $2,633 Replacement Year 2025 Future Cost $3,866 This is to replace the existing 30 year Architectural Dimensional Composition shingle roof with a similar product. Square count, cost estimate, useful and remaining life provided by Chad Argon. Costing provided by Northwest Roof Restoration Version 2/5/ :20:33 PM Browning Reserve Group

59 Component Listing Included Components Roofing Gutters / Downspouts Useful Life Lin. Ft. Building Quantity 116 Unit of Measure Linear Feet This is to replace the 6" gutters and downspouts. Linear footage is approximate by BRG. Cost /l.f. $ % Total Cost/Study $464 Replacement Year 2022 Future Cost $ Rehab Bathrooms Useful Life 20 Restrooms Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % Total Cost/Study $2,000 Replacement Year 2022 Future Cost $2,688 This is to rehab and re-decorate the bathrooms. Includes items such as partitions, fixtures, lighting, tile, etc. This item can be further defined with association input. Version 2/5/ :20:33 PM Browning Reserve Group

60 Component Listing Included Components Pool Resurface Useful Life Lin. Ft. Quantity 298 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $28,310 Replacement Year 2021 Future Cost $36,938 This is to resurface the pool after two applications of the epoxy paint material. Includes start-up costs. Cost estimate and remaining life provided by Dan Huff. Linear footage is approximate by BRG. 9 Costing provided by Treasure Valley Pool Maintenance Tile Useful Life Lin. Ft. Quantity 298 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $3,576 Replacement Year 2021 Future Cost $4,666 This is to remove and replace the existing tile. Cost estimate and remaining life provided by Dan Huff. Linear footage is approximate by BRG. 9 Costing provided by Treasure Valley Pool Maintenance Version 2/5/ :20:33 PM Browning Reserve Group

61 Component Listing Included Components Pool Deck: Re-Surface Useful Life 5 Quantity 1 Unit of Measure Lump Sum This is to patch as needed and seal the deck. Cost /LS $2, % Total Cost/Study $2,000 Replacement Year 2013 Future Cost $2, Equipment: Replacement Useful Life 1 Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,000 Replacement Year 2013 Future Cost $1,030 This is to have funds available periodically to replace and service as needed the pool equipment. BRG consulted with Dan Huff in making this projection. 3 (1 Whisperflow & 2 A.O. Smith) 3hp $1,000 ea. The useful life of the pumps can be extended by replacing bearings, impellers and seals; Replace sand in the 3 Pentair Triton II filters every 5 $350/filter; Rebuild multi-port valves in sand $200/filter; Miscellaneous valves, gauges, $300; 1 Costing provided by Treasure Valley Pool Maintenance Version 2/5/ :20:33 PM Browning Reserve Group

62 Component Listing Included Components Pool Equipment: Replacement Useful Life 12 - Chlorinator Quantity 1 Unit of Measure Lump Sum Cost /LS $2, % Total Cost/Study $2,000 Replacement Year 2013 Future Cost $2,060 This is to upgrade by replacing the existing pool pilot salt chlorine generator with a liquid chlorinator feeder. Cost estimate, useful and remaining life provided by Dan Huff. 1 Costing provided by Treasure Valley Pool Maintenance Heater Useful Life 20 Quantity 1 Unit of Measure Items Cost /Itm $11, % Total Cost/Study $11,000 Replacement Year 2022 Future Cost $14,783 This is to replace the original PacFab MiniMax commercial series heater. Dan Huff has continued to replace/rebuild certain components in order to extend its useful life. These include the heat exchanger, headers and seals. Cost estimate and remaining life provided by Dan Huff. Costing provided by Treasure Valley Pool Maintenance Version 2/5/ :20:33 PM Browning Reserve Group

63 Component Listing Included Components Pool Pool Cover Useful Life 15 Quantity 1 Unit of Measure Items Cost /Itm $5, % Total Cost/Study $5,000 Replacement Year 2017 Future Cost $5,796 This is to replace the pool cover. When not in use the pool cover is stored off site by Dan Huff. Cost estimate and remaining life provided by Dan Huff. Costing provided by Treasure Valley Pool Maintenance Furniture Useful Life 5 Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,000 Replacement Year 2017 Future Cost $1,159 This is to have funds available periodically for replacement of broken or damaged pool furniture. It is not anticipated that very much of this metal furniture will need replacement as with regular painting maintenance the useful life may be extended. History will dictate how many will need to be replaced over time. 5 Tables; 6 Umbrellas; 20 Barrel chairs; 22 Chaise lounge chairs; 8 Side tables; 20 Straight back chairs; 4 Trash receptacles; 5 Version 2/5/ :20:33 PM Browning Reserve Group

64 Component Listing Included Components Pool Miscellaneous Useful Life 5 - Epoxy Paint Quantity 1 Unit of Measure Lump Sum Cost /LS $5, % 4 Treatment [nr:1] Total Cost/Study $5,200 Replacement Year 2016 Future Cost $5,853 This is to paint the surface with an Olympic brand epoxy paint material. This process is relatively new and the useful life is not exactly known at this time. Dan Huff believes it should be approximately 5 years. The application should extend the useful life of the original surface. Cost estimate and useful life provided by Dan Huff. Costing provided by Treasure Valley Pool Maintenance Fencing Wrought Iron: 8' 330 Lin. Ft. Perimeter Fence Useful Life 30 Quantity 330 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $14,850 Replacement Year 2032 Future Cost $26,821 This is to replace the 8 wrought iron fencing. With aggressive paint maintenance, this component s life may be extended. Painting is provided for within another component. Linear footage is approximate by BRG. Version 2/5/ :20:33 PM Browning Reserve Group

65 Component Listing Included Components Mechanical Equipment Water Heater Useful Life 15 Quantity 1 Unit of Measure Items Cost /Itm $ % Total Cost/Study $400 Replacement Year 2017 Future Cost $464 This is to replace the Bradford White 12 gallon restroom supply water heater Miscellaneous Access Control System Useful Life 15 Quantity 1 Unit of Measure Items Cost /Itm $2, % Total Cost/Study $2,000 Replacement Year 2017 Future Cost $2,319 This is to replace the access control system with a technologically updated unit. Includes master control panel, card reader and exit release. Cost estimate and useful life provided by David Thompson. 5 Costing provided by Alarm Systems Integration Inc. Version 2/5/ :20:33 PM Browning Reserve Group

66 Component Listing Included Components Paving Asphalt Repairs & Sealing Useful Life 4 3,633 Sq. Ft. Parking Lot Quantity 3,633 Unit of Measure Square Feet Cost /SqFt $ % Total Cost/Study $472 Replacement Year 2013 Future Cost $486 This is to apply two coats of Resurfacer XLR8 brand emulsion product. The square footage includes crackfill and other repair as needed, surface preparation prior to application and striping where applicable. Cost estimate and useful life provided by Shane Martin. Square footage is approximate by BRG. 1 Costing provided by AA Sealcoat Inc Brick Pavers Useful Life 10 Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $500 Replacement Year 2020 Future Cost $633 This is to have funds available for periodic repair/replacement of brick pavers as needed. 8 Version 2/5/ :20:33 PM Browning Reserve Group

67 Component Listing Included Components Painting: Exterior Surface Restoration Useful Life 8 Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,500 Replacement Year 2016 Future Cost $1,688 This is to paint with a premium exterior 100% acrylic solid stain such as Sherwin Williams Wood Scape. Includes preparation, power washing, sanding, scraping and caulking as needed. Cost estimate and useful life provided by Randy Brown. 4 Costing provided by Brush Works Inc Painting: Interior Useful Life 10 Interior Quantity 1 Unit of Measure Lump Sum Cost /LS $1, % Total Cost/Study $1,575 Replacement Year 2021 Future Cost $2,055 This is to paint the clubhouse interior with a high quality latex paint material such as Sherwin Williams or equal. Cost estimate and useful life provided by Chad Walker. 9 Costing provided by Walker Painting LLC Version 2/5/ :20:33 PM Browning Reserve Group

68 Component Listing Included Components Structural Repairs Siding & Trim Useful Life 8 Quantity 1 Unit of Measure Lump Sum Cost /LS $ % Total Cost/Study $500 Replacement Year 2016 Future Cost $563 This is to have funds available for repairs/replacement of siding and/or trim as needed in concert with the painting cycle Metal Railings Useful Life Lin. Ft. Quantity 47 Unit of Measure Linear Feet Cost /l.f. $ % Total Cost/Study $1,410 Replacement Year 2030 Future Cost $2,400 This is to replace the existing railings with new metal. With aggressive paint maintenance, this component's life may be extended. Painting is provided for within another component. Version 2/5/ :20:33 PM Browning Reserve Group

69 Component Listing Included Components Doors Structural Repairs Useful Life 5 2 Quantity 2 Unit of Measure Items Cost /Itm $ % Total Cost/Study $1,000 Replacement Year 2025 Future Cost $1,469 This is to have funds available to replace interior and exterior clubhouse doors as needed. Includes 5 interior doors, 1 exterior solid and two 1/2 lite exterior doors Windows Useful Life 30 Quantity 1 Unit of Measure Lump Sum Cost /LS $10,850 This is to replace 29 exterior windows made up of three different sizes % Total Cost/Study $10,850 Replacement Year 2030 Future Cost $18,471 Version 2/5/ :20:33 PM Browning Reserve Group

70 Component Listing Included Components Roofing Pitched: Dimensional Composition Useful Life Squares- Quantity 25 Unit of Measure Squares Cost /Sqrs $ % Total Cost/Study $4,778 Replacement Year 2025 Future Cost $7,016 This is to replace the existing 30 year Architectural Dimensional Composition shingle roof with a similar product. Square count, cost estimate, useful and remaining life provided by Chad Argon. Costing provided by Northwest Roof Restoration Gutters / Downspouts Useful Life Lin. Ft. Quantity 100 Unit of Measure Linear Feet This is to replace the 6" gutters and downspouts. Linear footage is approximate by BRG. Cost /l.f. $ % Total Cost/Study $400 Replacement Year 2021 Future Cost $522 9 Version 2/5/ :20:33 PM Browning Reserve Group

71 Component Listing Included Components Rehab Useful Life 25 Quantity 1 Unit of Measure Lump Sum Cost /LS $4, % Total Cost/Study $4,500 Replacement Year 2025 Future Cost $6,608 This is for a general rehab of the clubhouse including the restrooms, kitchen, blinds, light fixtures, sconces, ceiling fan, art work, vinyl flooring, pot belly stove, etc Office Equipment Miscellaneous Useful Life 5 Office Quantity 1 Unit of Measure Lump Sum Cost /LS $500 This is to replace miscellaneous office equipment such as: 1 HP Printer; 1 Compaq Presario PC; 2 Arm chairs; 1 Executive chair; 1 Large executive desk; 2 2 Drawer lateral file cabinets; % Total Cost/Study $500 Replacement Year 2017 Future Cost $580 5 Version 2/5/ :20:33 PM Browning Reserve Group

72 Component Listing Included Components HVAC Mechanical Equipment Useful Life 15 Quantity 1 Unit of Measure Lump Sum Cost /LS $5, % Total Cost/Study $5,300 Replacement Year 2015 Future Cost $5,791 This is to replace the gas fired Amana Model #80SSE Air Command package furnace/air conditioning unit with a Lennox or equal and Honeywell thermostat if needed. Cost estimate and useful life provided by Robert Davis. 3 Costing provided by Ultimate Heating Water Heater Useful Life 10 Quantity 1 Unit of Measure Items Cost /Itm $800 This is to replace the Bradford White 40 gallon gas fired water heater % Total Cost/Study $800 Replacement Year 2014 Future Cost $849 2 Version 2/5/ :20:33 PM Browning Reserve Group

73 Component Listing Included Components Furnishings Furnishings Useful Life 5 Quantity 1 Unit of Measure Lump Sum This is to replace various furnishings as needed. 4 Stuffed chairs; 2 End tables; 1 Sharp 24" TV; 2 Table lamps; 40 Samsonite folding chairs; 6 Six foot folding tables; 2 Five foot folding tables; Cost /LS $ % Total Cost/Study $800 Replacement Year 2022 Future Cost $1, Flooring Carpeting Useful Life Sq. Yds. Quantity 101 Unit of Measure Square Yard Cost /SqYd $ % Total Cost/Study $2,879 Replacement Year 2021 Future Cost $3,756 This is to replace the nylon Sequence style commercial grade carpet and pad. Square yards, cost estimate and useful life provided by Nancy Mortenson. 9 Costing provided by Majestic Flooring & Design Version 2/5/ :20:33 PM Browning Reserve Group

74 Component Listing Included Components Appliances Refrigerator Useful Life 20 GE Side by Side Quantity 1 Unit of Measure Items This is to replace the refrigerator. Cost /Itm $1, % Total Cost/Study $1,000 Replacement Year 2020 Future Cost $1, Stove Useful Life 20 GE True Temp Quantity 1 Unit of Measure Items This is to replace the stove. Cost /Itm $ % Total Cost/Study $400 Replacement Year 2020 Future Cost $507 8 Version 2/5/ :20:33 PM Browning Reserve Group

75 Component Listing Included Components Appliances Dishwasher Useful Life 15 GE Triton Profile Quantity 1 Unit of Measure Items This is to replace the automatic dishwasher. Cost /Itm $ % Total Cost/Study $500 Replacement Year 2015 Future Cost $546 3 Version 2/5/ :20:33 PM Browning Reserve Group