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159 RESERVE STUDY Component Analysis and Reserve Fund Plan Annual Review Study 2016/17 For Middlefield Meadows HOA Mountain View, CA Prepared By RESERVE ANALYSIS CONSULTING, LLC 1750 Bridgeway, Suite B106 Sausalito, CA office (415) fax (415) September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW

160 TABLE OF CONTENTS SECTION #: DESCRIPTION NEW DAVIS-STIRLING # 1.00 Terms, Conditions & Definitions (b)(7) Legal Requirements, conditions, limitations & General Definitions 2.00 Information Sheet (b)(2), 5565 Property information, current financial #'s & next year funding information summary 3.00 Narrative Statements..5300(b)(4,5,6,8) Property description, property condition & financial statements yr Reserve Funding Plan (b)(5,6), 5560, 5565 Regular & Special Assessment Amounts, projected expenditure amounts & fund balances 5.00 Graphic Illustrations Bar graphs depicting assessment levels, inflated expenditures & bank balance 6.00 Next 3 Years Projected Expenditures Summary of next 3 years projected expendituressummary of next 3 years projected expenditures 7.00-A Projected Expenditure Schedule - First Ten Years , 5565 Spreadsheet depicting component expenditures by year for the first 10 years of the study 7.00-B Projected Expenditure Schedule - Second Ten Years , 5565 Spreadsheet depicting component expenditures by year for the second 10 years of the study 7.00-C Projected Expenditure Schedule - Third Ten Years..5550, 5565 Spreadsheet depicting component expenditures by year for the third 10 years of the study 8.00 Procedures & Methodologies (b)(7) Procedures and methodology for component identification, inspection & funding 9.00 Component Data..5550, 5565 Reference data for component age, life cycle, condition, count/measurement & unit cost Component Notes Narrative descriptions, photos and/or detail inventories for certain components Percent Funded Calculations 5565 Explanation of percent funded calculation as defined by Davis-Stirling Act, including annual straight-line allocation per component and total required to be 100% Funded September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW

161 1.00 TERMS, CONDITIONS & DEFINITIONS Middlefield Meadows HOA 114 Flynn Avenue Mountain View, CA ATTN: Board of Directors RE: Middlefield Meadows HOA - Annual Review Study 2016/17 Please find enclosed the Reserve Fund Analysis prepared for your Association. The purpose of this analysis is to quantify the major components the Association is responsible to maintain, and to project funding requirements adequate to repair/replace or maintain these components in conformance with California Civil Codes 5300, ((old 1365, , & )). The underlying principle of these Code requirements is that current owners should pay their appropriate share for components as they are being used and not transfer these costs to future owners. TERMS & CONDITIONS OF STUDY This Reserve Fund Analysis, undertaken by Reserve Analysis Consulting, L.L.C., has been conducted in compliance with California Civil Codes 5300, ((old 1365, , & )) and in compliance with standards established by the Association of Professional Reserve Analysts (APRA) and the California Association Institute (CAI). Components that meet the following criteria are included in this report: 1) The component maintenance is the responsibility of the Association. 2) The component is not covered by the Association's annual operating budget. 3) The component's estimated remaining life is less than thirty (30) years from the date of this study. 4) Components with a remaining useful life in excess of thirty (30) years may be included for the benefit of knowledge of these components, but will not be factored into the funding plan. All components listed in this report are those that have been selected and approved by the Board as prescribed by the Association s CC&Rs. Component useful life and remaining life projections are based on industry standards, manufacturer information, date and maintenance information provided by the Contractee and/or its management and staff. However, as a result of construction methodology, maintenance by the facility staff or other specific local conditions, component useful life and/or remaining life may vary from standard. Repair or replacement schedules and the resulting assessment schedules are derived by combining the resources described above. Reliance on these schedules is at the Contractee's discretion. Reserve Analysis Consulting, L.L.C. makes no guarantee as to the actual performance of any of the components. Each component's condition, life expectancy, and replacement cost evaluation is based on visual inspection only. Inspection was limited to areas accessible to the inspectors. Where components were not accessible, assumptions were made based on available component statistical data. There was no disassembly of components or demolition involved. This report does not address any factory defects or any damage due to improper maintenance, system design, or installation. The analysis of these components, for which the Association has responsibility, does not employ methods used for forensic or defect investigation or actual construction. It is also assumed that all components covered by this report receive reasonable maintenance by the Contractee. Reserve Analysis Consulting, L.L.C. makes no statement of warranty, either specific or implied, as to the actual future performance of any component. The costs for components included in this report are based on current published construction industry repair or replacement costs and local cost conditions. Due to component cost changes in the future over which Reserve Analysis Consulting, L.L.C. has no control, we advise the Contractee to have this study reviewed on an annual basis and make any necessary adjustment regarding component performance and/or costs. The reliance on costs included in this Component Analysis is at the discretion and acceptance of the Contractee and/or its management. Reserve Analysis Consulting, L.L.C. makes no guarantee that projected costs will represent actual job costs at the time of component repair or replacement. An inflation factor based on current construction industry index information is used and provided to the Contractee for approval prior to inclusion in the Final Report. The cash flow projections made within this report could vary significantly due to future conditions. Without regular, periodic updates, the Contractee should not rely on these cash flow projections beyond the first funding year of this report. September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 1.1 of.2

162 1.00 TERMS, CONDITIONS & DEFINITIONS GENERAL DEFINITIONS OF STUDY RESERVE STUDY: A budget planning tool which identifies the current status of the Reserve fund and a stable and equitable Funding Plan to offset the anticipated future major common area expenditures. The Reserve Study consists of two parts: the Component Inventory and the Funding Analysis. COMPONENT INVENTORY and ANALYSIS: The task of selecting and quantifying Reserve Components. This task can be accomplished through on-site visual observations, review of the association design and organizational documents, a review of established association precedents, and discussion with appropriate representative(s) of the association or cooperative. FUNDING ANALYSIS : The portion of a Reserve Study where current status of the Reserves (measured as cash or Percent Funded) and a recommended Reserve contribution rate (Reserve Funding Plan) are derived, and the projected Reserve income and expense over time is presented. FUNDING PRINCIPLES: - Sufficient funds to defray future repair and replacement requirements. - Consistent contribution rate throughout the 30 year Funding Plan. - Appropriate contribution levels to ensure that current owners pay their share for component usage. - Fiscally responsible. FUNDING GOALS: Independent of methodology utilized, the following represent the basic categories of Funding Plan goals: Baseline Funding: Establishing a Reserve funding goal of keeping the Reserve cash balances above zero. Threshold Funding: Establishing a Reserve funding goal of keeping the Reserve balance above a specified dollar or Percent Funded amount. Full Funding: Establishing a Reserve funding goal of attaining and maintaining Reserves at or near 100% funded. PERCENT FUNDED: The ratio, at a particular point in time (typically the ending of the Fiscal Year) of the actual (or projected) Reserve balance to the Fully Funded balance, expressed as a percentage. CASH FLOW FUNDING METHOD: A method of developing a Reserve Funding Plan where consistent contributions to the Reserve fund are designed to offset the variable annual expenditures. Different Reserve Funding Plans are tested against the anticipated schedule of Reserve expenses until the desired Funding Goal is achieved. ASSUMED LONG-TERM INTEREST AND INFLATION "Assumed Long-Term" (as used in the Davis-Stirling Act) is interpreted to mean an approximate 30 Year average. When assigning the interest rate, per Statute 5300(b)(7) ((old 1365(a)(4)), the rate may not be in excess of 2% above the current Federal Reserve Rate. INFORMATION REFERENCE TRADE: Financial Information TRADE: Component Replacement Dates NAME: Ms. Brandi Lancaster NAME: Ms. Brandi Lancaster COMPANY: MB Homeowners Management COMPANY: MB Homeowners Management ADDRESS: 1210 S. Bascom Ave. Suite 220 ADDRESS: 1210 S. Bascom Ave. Suite 220 CITY, STATE: San Jose, CA CITY, STATE: San Jose, CA PHONE: (408) PHONE: (408) September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 1.2 of.2

163 2.00 RESERVE STUDY SUMMARY PROPERTY INFORMATION PROPERTY NAME: Middlefield Meadows HOA STREET ADDRESS: 114 Flynn Avenue CITY, STATE, ZIP: Mountain View, CA GOVERNING ENTITY: Board of Directors YEAR CONSTRUCTED: 1972 NUMBER OF CONSTRUCTION PHASES: 1 NUMBER OF UNITS: 124 NUMBER OF RESIDENTIAL BUILDINGS: 32 CONTACT INFORMATION CURRENT PROPERTY CONTACT: Ms. Brandi Lancaster MB Homeowners Management 1210 S. Bascom Ave. Suite 220 San Jose, CA Phone: (408) brandi@mbhm.net RESERVE STUDY INFORMATION TYPE OF STUDY: Annual Review Study 2016/17 (no site inspection performed with this review) BEGINNING YEAR OF STUDY: 2016 YEAR OF LAST PHYSICAL INSPECTION: 2014 YEAR OF NEXT PHYSICAL INSPECTION: RESERVE STUDY PREPARER: PERFORMED BY: 2017 (as required by the Davis-Stirling Act) Reserve Analysis Consulting, L.L.C Bridgeway, Suite B106 Sausalito, CA Sausalito, California Office Phone: (415) FAX: (415) Orlando Montalvan Direct Phone: (415) orlandom@reserveanalysis.com RESERVE FUND FINANCIAL INFORMATION BUDGET YEAR ENDING DATE: 10/ / /17 ANNUAL RESERVE CONTRIBUTION: $253,044 $257,136 MONTHLY RESERVE CONTRIBUTION: $21,087 $21,428 PER UNIT MONTHLY (AVG.) CONTRIBUTION: $ $ TOTAL SPECIAL ASSESSMENT: N/A N/A PER UNIT (AVG.) SPECIAL ASSESSMENT: N/A N/A PROPOSED RESERVE FUND EXPENDITURES: ($369,268) ESTIMATED YEAR ENDING BALANCE: $772,619 $668,571 REQUESTED MINIMUM "THRESHOLD" FUTURE BALANCE: N/A RESERVE PERCENT FUNDED CALCULATION AMOUNT NEEDED TO BE 100% FUNDED: $1,796,642 $1,657,329 THEORETICAL PER UNIT UNDERFUNDED: $8,258 $7,974 CALCULATED PERCENT FUNDED: 43.00% 40.34% RESERVE PROJECTED INTEREST & INFLATION "ASSUMED LONG-TERM INTEREST RATE": 2.00% "ASSUMED LONG-TERM INFLATION RATE": 3.00% September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 2

164 3.00 NARRATIVE STATEMENTS PROPERTY DESCRIPTION & COMPONENT INCLUSION: Middlefield Meadows HOA is a 124-member association located in Mountain View, CA. The Association is responsible for 32 residential buildings that were originally built in 1 phase in The Association is responsible for all components as the Board of Directors has interpreted the CC&Rs. For specific component inclusion based on that interpretation please refer to the Component Data or Schedule Sections. 5300(b)(4) - COMPONENT CONDITION: The property is composed of a variety of components that are in a range of conditions due to their various ages and expected lives. The projections in this Reserve Study intend to maintain these components at an appropriate condition in the future; however, it is the Board's responsibility to investigate and cause the actual maintenance, repair and replacement projects at the appropriate time(s). Per Davis-Stirling Section 5500 ((old )), on a quarterly basis the Board will review actual reserve expenses compared to the year's proposed reserve expenses. Depending on each component's condition and available information at that time, the Board will determine to undertake repair and replacement projects as appropriate. Please refer to the Sections of Component Data and/or Component Schedule for specific details on component ages, expected lives, and remaining lives. A component with a negative remaining life does not necessarily mean the component is being deferred, but rather signifies that the component is past its statistically average life and will be reviewed annually until it is appropriate for replacement. If the Board has specifically determined to defer or not undertake a component's repair or replacement, that decision and its justification is required to be in meeting minutes and disclosed separately in the Annual Budget Report. 5300(b)(3,5,6,7,8) - FUNDING PLAN ANALYSIS & CALCULATIONS: 5300(b)(3) - "the association shall provide the full reserve study plan upon request." Specific Details regarding the following statements can be viewed in the "30 YEAR FUNDING PLAN" (included with this Reserve Summary). 5300(b)(5) - If applicable, the amount and commencement date of Board determined or anticipated special assessments will be shown and if a vote of the membership is required. 5300(b)(6) - The mechanism(s) by which the board will fund the reserves, including assessments, borrowing, and/or use of other assets. Refer to 5300(b)(4) above for deferral/selected repair/replacements. 5300(b)(7) - Procedures & methodology used for these calculations can be found in section "Procedures & Methodologies" (included with this Reserve Summary). 5300(b)(8) - If applicable, details regarding outstanding loans can be found in the 5570 "Reserve Summary and Disclosure" (included with this summary) and/or separately in the Annual Budget Report. The Reserve Study is a SERIES OF PROJECTIONS, and consequently the estimated lives and costs of components will likely CHANGE OVER TIME depending on a variety of factors such as future inflation rates, the level of preventative maintenance completed by future boards, unknown material defects, changes in technology, efficiency, and/or government regulations. The Reserve Study is an evolving document that represents a moment in time covering a 30 year period. As required by The Davis-Stirling Act, we recommend that the Association review and update this Reserve Analysis on an annual basis to make adjustments for component expenditures and fluctuations in annual revenue, interest, and inflation. September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 3.1 of.1

165 YEAR RESERVE FUNDING PLAN 2015/16 Average unit per month reserve contribution *1 = $ /16 Total annual reserve contribution *1 = $253,044 * All future numbers are PROPOSED and/or PROJECTED. DESCRIPTION - 1ST 10 YEARS 2016/ / / / / / / / / /26 Projected Beginning Fund Balance *1 $772,619 $668,571 $638,925 $516,930 $624,493 $762,743 $993,613 $1,273,139 $1,569,990 $496,858 Contribution % increase over previous yr. 1.62% 15.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% Contribution avg. unit/month $ increase $2.75 $25.92 $5.96 $6.14 $6.32 $6.51 $6.71 $6.91 $7.12 $7.33 Contribution avg. per unit/month $ $ $ $ $ $ $ $ $ $ Reserve Contribution - Annual $257,136 $295,706 $304,578 $313,715 $323,126 $332,820 $342,805 $353,089 $363,682 $374,592 Does increase require membership vote? Proposed avg. special assess per unit $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Special Assessment - Total Proposed Does special assessment require vote? Income from other sources Total Reserve Fund Available $1,029,755 $964,278 $943,503 $830,645 $947,620 $1,095,563 $1,336,418 $1,626,228 $1,933,672 $871,450 Projected Expenditures - inflated -$369,268 -$333,078 -$432,823 -$213,703 -$194,100 -$113,965 -$78,673 -$75,222 -$1,442,822 -$478,776 Balance after expenditures $660,487 $631,200 $510,680 $616,942 $753,520 $981,598 $1,257,744 $1,551,006 $490,850 $392,674 Interest on balance after tax $8,084 $7,726 $6,251 $7,551 $9,223 $12,015 $15,395 $18,984 $6,008 $4,806 Minimum requested balance N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Percent funded (if implemented) * % 39.59% 34.91% 40.04% 45.77% 53.42% 60.61% 66.54% 37.31% 33.13% Projected Year Ending Balance *3 $668,571 $638,925 $516,930 $624,493 $762,743 $993,613 $1,273,139 $1,569,990 $496,858 $397,480 * All future numbers are PROPOSED and/or PROJECTED. DESCRIPTION - 2ND 10 YEARS 2026/ / / / / / / / / /36 Projected Beginning Fund Balance *1 $397,480 $597,743 $895,125 $1,201,658 $1,370,724 $982,694 $1,189,178 $1,455,568 $1,759,618 $2,014,075 Contribution % increase over previous yr. 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Contribution avg. unit/month $ increase $2.52 $2.54 $2.57 $2.59 $2.62 $2.65 $2.67 $2.70 $2.73 $2.75 Contribution avg. per unit/month $ $ $ $ $ $ $ $ $ $ Reserve Contribution - Annual $378,338 $382,121 $385,943 $389,802 $393,700 $397,637 $401,613 $405,629 $409,686 $413,783 Does increase require membership vote? Proposed avg. special assess per unit $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Special Assessment - Total Proposed Does special assessment require vote? Income from other sources Total Reserve Fund Available $775,818 $979,865 $1,281,067 $1,591,460 $1,764,424 $1,380,331 $1,590,792 $1,861,198 $2,169,304 $2,427,858 Projected Expenditures - inflated -$185,303 -$95,564 -$93,940 -$237,311 -$793,613 -$205,532 -$152,824 -$122,857 -$179,583 -$296,924 Balance after expenditures $590,516 $884,301 $1,187,127 $1,354,149 $970,811 $1,174,799 $1,437,968 $1,738,341 $1,989,721 $2,130,933 Interest on balance after tax $7,228 $10,824 $14,530 $16,575 $11,883 $14,380 $17,601 $21,277 $24,354 $26,083 Minimum requested balance N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Percent funded (if implemented) * % 55.87% 64.23% 67.84% 59.40% 64.38% 69.11% 72.96% 75.05% 75.35% Projected Year Ending Balance *3 $597,743 $895,125 $1,201,658 $1,370,724 $982,694 $1,189,178 $1,455,568 $1,759,618 $2,014,075 $2,157,016 September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 4.1 of.2

166 YEAR RESERVE FUNDING PLAN * All future numbers are PROPOSED and/or PROJECTED. DESCRIPTION - 3RD 10 YEARS 2036/ / / / / / / / / /46 Projected Beginning Fund Balance *1 $2,157,016 $1,843,928 $1,806,478 $2,141,500 $2,130,760 $1,755,346 $1,479,130 $617,845 $863,055 $1,124,542 Contribution % increase over previous yr. 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Contribution avg. unit/month $ increase $2.78 $2.81 $2.84 $2.87 $2.89 $2.92 $2.95 $2.98 $3.01 $3.04 Contribution avg. per unit/month $ $ $ $ $ $ $ $ $ $ Reserve Contribution - Annual $417,920 $422,100 $426,321 $430,584 $434,890 $439,239 $443,631 $448,067 $452,548 $457,073 Does increase require membership vote? Proposed avg. special assess per unit $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Special Assessment - Total Proposed Does special assessment require vote? Income from other sources Total Reserve Fund Available $2,574,937 $2,266,027 $2,232,799 $2,572,084 $2,565,650 $2,194,585 $1,922,761 $1,065,912 $1,315,603 $1,581,615 Projected Expenditures - inflated -$753,306 -$481,393 -$117,194 -$467,089 -$831,529 -$733,341 -$1,312,387 -$213,294 -$204,659 -$239,234 Balance after expenditures $1,821,631 $1,784,634 $2,115,605 $2,104,995 $1,734,121 $1,461,244 $610,374 $852,619 $1,110,944 $1,342,381 Interest on balance after tax $22,297 $21,844 $25,895 $25,765 $21,226 $17,886 $7,471 $10,436 $13,598 $16,431 Minimum requested balance N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Percent funded (if implemented) * % 68.19% 70.59% 68.53% 61.53% 54.87% 30.96% 36.95% 41.52% 44.19% Projected Year Ending Balance *3 $1,843,928 $1,806,478 $2,141,500 $2,130,760 $1,755,346 $1,479,130 $617,845 $863,055 $1,124,542 $1,358,812 *1. Current Year Financial Information The Association has provided current financial information including reserve account balance, total annual assessment amount and total annual reserve contribution. Reserve Analysis Consulting, L.L.C. assumes no responsibility for the accuracy of current or projected budget figures provided by others. *2. Percent Funded The percent funded figure is calculated as defined by the Davis-Stirling Act, which states in 5570(b)(4) ((old )) that the amount projected to be in reserves at a given time be divided by the amount "required to be fully funded" at that time. The amount required is defined in 5570(b)(4) ((old )) as "the current cost of replacement or repair multiplied by the number of years the component has been in service divided by the useful life of the component." The data required to calculate this amount for the current year is located in Section 11.00, Percent Funded Calculation. The percent funding method of calculation for future years includes estimated interest earned in the projected reserve account balances, as well as an estimated inflation of costs in the amount "required." The final sentence in 5570(b)(4) ((old )) states "This shall not be construed to require the board to fund reserves in accordance with this calculation." * 3. Projected Year Ending Balance. The Davis-Stirling Act does not require a minimum funding level other than to say in 5550(b)(5) ((old )) that the association "plans...to meet" its 30 year obligations of repair and replacement. Through the Reserve Study preparation process, the Association and its Management have reviewed the preliminary funding plan(s) and have approved the plan as shown here to be sufficient at this time. General Notes: 1) The cash flow projections shown are based on current economic conditions. These projections are based upon future variables that cannot be controlled. Therefore, reliance on these projections beyond the first year of this study is not recommended. As required by the Davis-Stirling Act, we recommend the Association review its Reserve Fund accounts quarterly and cause the Reserve Study to be reviewed and adjustments integrated annually. 2) Additionally, California Civil Code 5550 ((old )) states in part, "At least once every three years the board of directors shall cause to be conducted a reasonably competent and diligent visual inspection of the accessible areas of the major components which the Association is obligated to repair, replace, restore or maintain as part of a study of the reserve account requirements." September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 4.2 of.2

167 5.00 GRAPHIC ILLUSTRATIONS RESERVE FUND ASSESSMENTS ANALYSIS Proposed Total Special Assessments Proposed Total Annual Contribution $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2015/ / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /46 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 RESERVE FUND PROPOSED INFLATED EXPENDITURES Inflated Expenditures 2016/ / / / / / / / / / / / / / / / / / / / / / / / / / / / / /46 $2,500,000 RESERVE FUND BALANCE ANALYSIS Ending Balance $2,000,000 $1,500,000 $1,000,000 $500,000 $0 2016/ / / / / / / / / / / / / / / / / / / / / / / / / / / / / /46 September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 5

168 6.00 NEXT 3 YEARS PROJECTED EXPENDITURES Year / SIGNAGE & MAILBOXES 1.02 Plastic Wood Unit Identification Signs - 3' Wood Post $3, Private Entrance Signs $ Mailbox Clusters - Postal - Remainder $27, Mailbox Clusters - Parcel $6, ASPHALT 2.01 Asphalt Sealing $19, Striping - Parking Spot $1, Curb Painting - Fire Lane $4, FENCING & GATES & RETAINING 4.02 Wood Patio Fence/Gate Replacement - Phase 2 $47, Wood Fence Replace Allow. (prop. line/entrances/trash)~5% $4, Wood Retaining Wall - 6" $7, IRRIGATION & LANDSCAPING 5.01 Irrigation Equipment Replace/Repair Allowance $3, Landscape Enhancement Allowance $5, ELECTRICAL - SITE 6.01 Lighting and Wiring Repair Allowance $2, SWIMMING POOL 8.03 Coping $2, Tile $4, Chlorinator $ Pool Furniture Upgrade Allowance $2, CLUB HOUSE INTERIOR Blinds $1, Furniture Upgrade Allowance $2, LAUNDRY ROOM INTERIOR Paint - Ongoing (7161 SF Total) $ Vinyl Floor - Ongoing (1302 SF Total) $ Hot Water Heater (100 gal., 75K BTU) - 1 per bldg. $12, RESIDENTIAL BUILDINGS Balcony Structure/Railing/Gutters/Dspouts - Phase 3 $160, Doors - Repl. Allowance (Laundry & Water Heater) $2, Fire Water Line Repair Allowance $3, PAINT & SIDING/TRIM REPAIR ALLOWANCE Wood Dry Rot/Termite Annual Allow. (Siding/Trim/Balc.'s) $30,000 Unscheduled Expenses Related to Each Year's Projects $17,584 Year /17 Total Proposed Expenditures: $369,268 Year / FENCING & GATES & RETAINING 4.03 Wood Patio Fence/Gate Replacement - Phase 3 $48, Wood Fence Replace Allow. (prop. line/entrances/trash)~5% $4, IRRIGATION & LANDSCAPING September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 6.1 of.3

169 6.00 NEXT 3 YEARS PROJECTED EXPENDITURES 5.01 Irrigation Equipment Replace/Repair Allowance $3, Backflow Preventers - 1.5" $7, Landscape Enhancement Allowance $5, ELECTRICAL - SITE 6.01 Lighting and Wiring Repair Allowance $2, SWIMMING POOL 8.09 Heater $3, Metal Club House Rules Sign - 3x3 $ Pool Warning Signs - Standard $ CLUB HOUSE EXTERIOR 9.05 Exterior Light Fixtures $1, CLUB HOUSE INTERIOR Wall Tile - Restrooms $2, Vinyl Floor $7, Hanging Globe Light Fixtures - 8" $3, Ceiling Mount Fixtures $ Vanity Light $ Exhaust Fans $ Fluorescent Light - 4' - 4 Tube $2, Shower Fixtures $1, Restroom Fixtures $1, Toilet Divider Stalls $2, Fire Extinguisher Cabinet $ Interior Doors - Wood $2, Counter Top $1, Base Cabinet $2, Garbage Disposal $ Refrigerator $1, LAUNDRY ROOM INTERIOR Hot Water Heater (100 gal., 75K BTU) - 1 per bldg. $12, RESIDENTIAL BUILDINGS Balcony Structure/Railing/Gutters/Dspouts - Phase 4 $164, Doors - Repl. Allowance (Laundry & Water Heater) $2, PAINT & SIDING/TRIM REPAIR ALLOWANCE Wood Dry Rot/Termite Annual Allow. (Siding/Trim/Balc.'s) $30,900 Unscheduled Expenses Related to Each Year's Projects $15,861 Year /18 Total Proposed Expenditures: $333,078 Year / CONCRETE 3.01 Ongoing Replacement Allowance $7, FENCING & GATES & RETAINING 4.04 Wood Fence Replace Allow. (prop. line/entrances/trash)~5% $4, IRRIGATION & LANDSCAPING 5.01 Irrigation Equipment Replace/Repair Allowance $3, Landscape Enhancement Allowance $5,305 September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 6.2 of.3

170 6.00 NEXT 3 YEARS PROJECTED EXPENDITURES 6.00 ELECTRICAL - SITE 6.01 Lighting and Wiring Repair Allowance $2, CLUB HOUSE EXTERIOR 9.04 Window Repair/Replace Allowance w/ Painting as Needed $1, LAUNDRY ROOM INTERIOR Hot Water Heater (100 gal., 75K BTU) - 1 per bldg. $12, RESIDENTIAL BUILDINGS Stair Railing - Outside $20, Stair Set/Wood Railing Repair Allowance w/ paint as needed $5, Doors - Repl. Allowance (Laundry & Water Heater) $2, PAINT & SIDING/TRIM REPAIR ALLOWANCE Paint All $217, Siding/Trim Allowance w/ Painting Cycle $98, Wood Dry Rot/Termite Annual Allow. (Siding/Trim/Balc.'s) $31,827 Unscheduled Expenses Related to Each Year's Projects $20,611 Year /19 Total Proposed Expenditures: $432,823 September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 6.3 of.3

171 7.00 A PROJECTED EXPENDITURE SCHEDULE - FIRST TEN YEARS COMPONENT CURRENT YEAR USEFL RMNG YR. 1 YR. 2 YR. 3 YR. 4 YR. 5 YR. 6 YR. 7 YR. 8 YR. 9 YR. 10 TOTAL CODE DESCRIPTION COST NEW LIFE LIFE / / / / / / / / / /26 10 YRS SIGNAGE & MAILBOXES 1.01 Entrance Signs w/ Tile Lettering $4, $4,917 $4, Plastic Wood Unit Identification Signs - 3' Wood Post $3, $3,000 $3, Private Entrance Signs $ $300 $ Mailbox Clusters - Postal - New $3, Mailbox Clusters - Postal - Remainder $27, $27,000 $27, Mailbox Clusters - Parcel $6, $6,000 $6, ASPHALT 2.01 Asphalt Sealing $19, $19,222 $22,283 $41, Asphalt Replacement - 25% - Phase 1 $99, $111,699 $111, Asphalt Replacement - 25% - Phase 2 $99, $129,490 $129, Asphalt Replacement - 25% - Phase 3 $99, Asphalt Replacement - 25% - Phase 4 $99, Striping - Parking Spot $1, $1,728 $2,003 $3, Curb Painting - Fire Lane $4, $4,176 $4,841 $9, CONCRETE 3.01 Ongoing Replacement Allowance $7, $7,957 $8,695 $9,501 $26, Major Replacement Allowance $36, Concrete Pool Decking $68, $74,568 $74, FENCING & GATES & RETAINING 4.01 Wood Patio Fence/Gate Replacement - Phase 1 $47, Wood Patio Fence/Gate Replacement - Phase 2 $47, $47,293 $47, Wood Patio Fence/Gate Replacement - Phase 3 $47, $48,712 $48, Wood Fence Replace Allow. (prop. line/entrances/trash)~5% $4, $4,250 $4,378 $4,509 $4,644 $4,783 $4,927 $5,075 $5,227 $5,384 $5,545 $48, Iron Pool Area $16, Wood Retaining Wall - 6" $7, $7,125 $7, IRRIGATION & LANDSCAPING 5.01 Irrigation Equipment Replace/Repair Allowance $3, $3,000 $3,090 $3,183 $3,278 $3,377 $3,478 $3,582 $3,690 $3,800 $3,914 $34, Irrigation Controller Automation Project $40, Backflow Preventers - 1.5" $7, $7,210 $7, Landscape Enhancement Allowance $5, $5,000 $5,150 $5,305 $5,464 $5,628 $5,796 $5,970 $6,149 $6,334 $6,524 $57, ELECTRICAL - SITE 6.01 Lighting and Wiring Repair Allowance $2, $2,000 $2,060 $2,122 $2,185 $2,251 $2,319 $2,388 $2,460 $2,534 $2,610 $22, Aluminum Light Poles $92, $117,430 $117, Light Pole Fixtures - 10" Plastic Globe $30, $39,143 $39, TOT LOT AREA 7.01 Tot Lot Base - Rubber $5, $5,508 $5, Wood Bench - Refurbish $ Tot Lot Equipment - Swing Unit $5, Tot Lot Equipment - Climber $20, SWIMMING POOL 8.01 Drainage Upgrade Allowance $2, Plaster $8, Coping $2, $2,925 $2, Tile $4, $4,315 $4, "No Diving" & Depth Markers $1, Walk Joint/Mastic $1, $1,664 $1, Railings $2, Light $ Heater $3, $3,090 $3, Filter $1, Filter Pump $1, $1,900 $1, Chlorinator $ $750 $869 $1, Automatic Water Level Controller $1, September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 7a.1 of.3

172 7.00 A PROJECTED EXPENDITURE SCHEDULE - FIRST TEN YEARS COMPONENT CURRENT YEAR USEFL RMNG YR. 1 YR. 2 YR. 3 YR. 4 YR. 5 YR. 6 YR. 7 YR. 8 YR. 9 YR. 10 TOTAL CODE DESCRIPTION COST NEW LIFE LIFE 2016/ / / / / / / / / /26 10 YRS Pool Furniture Upgrade Allowance $2, $2,000 $2,319 $4, Metal Club House Rules Sign - 3x3 $ $412 $ Pool Warning Signs - Standard $ $206 $ CLUB HOUSE EXTERIOR 9.01 Composition Shingle Roof $7, $9,341 $9, Glass/Wood Doors $2, $2,623 $2, Solid Wood Doors $3, $3,278 $3, Window Repair/Replace Allowance w/ Painting as Needed $1, $1,061 $1,267 $2, Exterior Light Fixtures $1, $1,236 $1, Bulletin Board Cabinet $ $281 $ CLUB HOUSE INTERIOR Interior Paint (wood paneling removed in 2014) $4, Wall Tile - Restrooms $2, $2,266 $2, Vinyl Floor $7, $7,477 $7, Hanging Globe Light Fixtures - 8" $3, $3,605 $3, Ceiling Mount Fixtures $ $541 $ Vanity Light $ $361 $ Exhaust Fans $ $927 $ Fluorescent Light - 4' - 4 Tube $2, $2,884 $2, Shower Fixtures $1, $1,236 $1, Restroom Fixtures $1, $1,288 $1, Toilet Divider Stalls $2, $2,060 $2, Fire Extinguisher Cabinet $ $515 $ Interior Doors - Wood $2, $2,318 $2, Counter Top $1, $1,854 $1, Base Cabinet $2, $2,781 $2, Garbage Disposal $ $206 $ Refrigerator $1, $1,236 $1, Furnace $3, $3,377 $3, Hot Water Heater $1, $1,126 $1, Blinds $1, $1,100 $1, Furniture Upgrade Allowance $2, $2,000 $2, LAUNDRY ROOM INTERIOR Paint - Ongoing (7161 SF Total) $ $750 $820 $896 $979 $3, Vinyl Floor - Ongoing (1302 SF Total) $ $750 $820 $896 $979 $3, Ceiling Mounted Light $4, $5,081 $5, Folding Counter $6, $7,622 $7, Hot Water Heater (100 gal., 75K BTU) - 1 per bldg. $12, $12,000 $12,360 $12,731 $13,113 $13,506 $13,911 $14,329 $14,758 $15,201 $15,657 $137, RESIDENTIAL BUILDINGS Composition Roof $556, $704,902 $704, Gutters $14, $17,854 $17, Downspouts $12, $15,665 $15, Balcony Structure/Railing/Gutters/Dspouts - Phase 1 $159, Balcony Structure/Railing/Gutters/Dspouts - Phase 2 $271, Balcony Structure/Railing/Gutters/Dspouts - Phase 3 $160, $160,000 $160, Balcony Structure/Railing/Gutters/Dspouts - Phase 4 $160, $164,800 $164, Stair Railing - Outside $19, $20,369 $20, Stair Set/Wood Railing Repair Allowance w/ paint as needed $5, $5,305 $6,334 $11, Stair Set Replacement $89, Doors - Repl. Allowance (Laundry & Water Heater) $2, $2,000 $2,060 $2,122 $2,185 $2,251 $2,319 $2,388 $2,460 $2,534 $2,610 $22, Fire Extinguisher Building Exterior $9, Fire Water Line Repair Allowance $3, $3,000 $3,278 $3,582 $3,914 $13, Fire System 5 Year Test/Repair Allowance $2, $2,814 $3,262 $6, PAINT & SIDING/TRIM REPAIR ALLOWANCE September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 7a.2 of.3

173 7.00 A PROJECTED EXPENDITURE SCHEDULE - FIRST TEN YEARS COMPONENT CURRENT YEAR USEFL RMNG YR. 1 YR. 2 YR. 3 YR. 4 YR. 5 YR. 6 YR. 7 YR. 8 YR. 9 YR. 10 TOTAL CODE DESCRIPTION COST NEW LIFE LIFE 2016/ / / / / / / / / /26 10 YRS Paint All $204, $217,060 $259,181 $476, Siding/Trim Allowance w/ Painting Cycle $93, $98,664 $117,810 $216, Siding/Trim Allowance - Major Future $155, $202,240 $202, Cantilever Balconies - Recoat $15, $17,156 $20,485 $37, Balcony over Laundry - Recoat $13, $14,205 $16,962 $31, Wood Dry Rot/Termite Annual Allow. (Siding/Trim/Balc.'s) $30, $30,000 $30,900 $31,827 $32,782 $33,765 $34,778 $35,822 $36,896 $38,003 $39,143 $343, MISCELLANEOUS CC&R Revision $8, UNSCHEDULED EXPENSES RELATED TO EACH YEAR'S PROJECTS 5.00% $17,584 $15,861 $20,611 $10,176 $9,243 $5,427 $3,746 $3,582 $68,706 $22,799 $0 INFLATION FACTOR 3.00% TOTAL PROJECTED INFLATED REPAIR/REPLACEMENT EXPENSE $369,268 $333,078 $432,823 $213,703 $194,100 $113,965 $78,673 $75,222 $1,442,822 $478,776 $3,554,697 September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 7a.3 of.3

174 7.00 B PROJECTED EXPENDITURE SCHEDULE - SECOND TEN YEARS COMPONENT REPLACE/ YEAR USEFL RMNG YR. 11 YR. 12 YR. 13 YR. 14 YR. 15 YR. 16 YR. 17 YR. 18 YR. 19 YR. 20 TOTAL CODE 0.00 DESCRIPTION 0 REPAIR CST NEW LIFE LIFE / / / / / / / / / /36 2nd 10 Yrs 1.00 SIGNAGE & MAILBOXES 1.01 Entrance Signs w/ Tile Lettering $4, Plastic Wood Unit Identification Signs - 3' Wood Post $3, Private Entrance Signs $ Mailbox Clusters - Postal - New $3, Mailbox Clusters - Postal - Remainder $27, Mailbox Clusters - Parcel $6, ASPHALT 2.01 Asphalt Sealing $19, $25,833 $29,947 $55, Asphalt Replacement - 25% - Phase 1 $99, Asphalt Replacement - 25% - Phase 2 $99, Asphalt Replacement - 25% - Phase 3 $99, $150,114 $150, Asphalt Replacement - 25% - Phase 4 $99, $174,024 $174, Striping - Parking Spot $1, $2,322 $2,692 $5, Curb Painting - Fire Lane $4, $5,612 $6,506 $12, CONCRETE 3.01 Ongoing Replacement Allowance $7, $10,382 $11,344 $12,396 $34, Major Replacement Allowance $36, $61,650 $61, Concrete Pool Decking $68, FENCING & GATES & RETAINING 4.01 Wood Patio Fence/Gate Replacement - Phase 1 $47, Wood Patio Fence/Gate Replacement - Phase 2 $47, Wood Patio Fence/Gate Replacement - Phase 3 $47, Wood Fence Replace Allow. (prop. line/entrances/trash)~5% $4, $5,712 $5,883 $6,059 $6,241 $6,429 $6,621 $6,820 $7,025 $7,235 $7,452 $65, Iron Pool Area $16, Wood Retaining Wall - 6" $7, IRRIGATION & LANDSCAPING 5.01 Irrigation Equipment Replace/Repair Allowance $3, $4,032 $4,153 $4,277 $4,406 $4,538 $4,674 $4,814 $4,959 $5,107 $5,261 $46, Irrigation Controller Automation Project $40, $53,958 $53, Backflow Preventers - 1.5" $7, Landscape Enhancement Allowance $5, $6,720 $6,921 $7,129 $7,343 $7,563 $7,790 $8,024 $8,264 $8,512 $8,768 $77, ELECTRICAL - SITE 6.01 Lighting and Wiring Repair Allowance $2, $2,688 $2,768 $2,852 $2,937 $3,025 $3,116 $3,209 $3,306 $3,405 $3,507 $30, Aluminum Light Poles $92, Light Pole Fixtures - 10" Plastic Globe $30, TOT LOT AREA 7.01 Tot Lot Base - Rubber $5, $6,775 $8,332 $15, Wood Bench - Refurbish $ $1,204 $1, Tot Lot Equipment - Swing Unit $5, $8,024 $8, Tot Lot Equipment - Climber $20, $32,094 $32, SWIMMING POOL 8.01 Drainage Upgrade Allowance $2, $4,084 $4, Plaster $8, $12,394 $12, Coping $2, Tile $4, $6,723 $6, "No Diving" & Depth Markers $1, Walk Joint/Mastic $1, $2,236 $2, Railings $2, $3,116 $3, Light $ Heater $3, $4,814 $4, Filter $1, $2,643 $2, Filter Pump $1, $2,554 $2, Chlorinator $ $1,008 $1,168 $2, Automatic Water Level Controller $1, September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 7b.1 of.3

175 7.00 B PROJECTED EXPENDITURE SCHEDULE - SECOND TEN YEARS COMPONENT REPLACE/ YEAR USEFL RMNG YR. 11 YR. 12 YR. 13 YR. 14 YR. 15 YR. 16 YR. 17 YR. 18 YR. 19 YR. 20 TOTAL CODE DESCRIPTION REPAIR CST NEW LIFE LIFE 2026/ / / / / / / / / /36 2nd 10 Yrs 8.14 Pool Furniture Upgrade Allowance $2, $2,688 $3,116 $5, Metal Club House Rules Sign - 3x3 $ $642 $ Pool Warning Signs - Standard $ $321 $ CLUB HOUSE EXTERIOR 9.01 Composition Shingle Roof $7, Glass/Wood Doors $2, Solid Wood Doors $3, Window Repair/Replace Allowance w/ Painting as Needed $1, $1,513 $1, Exterior Light Fixtures $1, Bulletin Board Cabinet $ CLUB HOUSE INTERIOR Interior Paint (wood paneling removed in 2014) $4, $5,950 $5, Wall Tile - Restrooms $2, Vinyl Floor $7, Hanging Globe Light Fixtures - 8" $3, Ceiling Mount Fixtures $ Vanity Light $ Exhaust Fans $ Fluorescent Light - 4' - 4 Tube $2, Shower Fixtures $1, Restroom Fixtures $1, Toilet Divider Stalls $2, Fire Extinguisher Cabinet $ Interior Doors - Wood $2, Counter Top $1, Base Cabinet $2, Garbage Disposal $ Refrigerator $1, Furnace $3, Hot Water Heater $1, Blinds $1, $1,765 $1, Furniture Upgrade Allowance $2, $3,209 $3, LAUNDRY ROOM INTERIOR Paint - Ongoing (7161 SF Total) $ $1,069 $1,168 $1,277 $3, Vinyl Floor - Ongoing (1302 SF Total) $ $1,069 $1,168 $1,277 $3, Ceiling Mounted Light $4, Folding Counter $6, Hot Water Heater (100 gal., 75K BTU) - 1 per bldg. $12, $16,127 $16,611 $17,109 $17,622 $18,151 $18,696 $19,256 $19,834 $20,429 $21,042 $184, RESIDENTIAL BUILDINGS Composition Roof $556, Gutters $14, Downspouts $12, Balcony Structure/Railing/Gutters/Dspouts - Phase 1 $159, Balcony Structure/Railing/Gutters/Dspouts - Phase 2 $271, Balcony Structure/Railing/Gutters/Dspouts - Phase 3 $160, Balcony Structure/Railing/Gutters/Dspouts - Phase 4 $160, Stair Railing - Outside $19, Stair Set/Wood Railing Repair Allowance w/ paint as needed $5, $7,563 $7, Stair Set Replacement $89, $131,874 $131, Doors - Repl. Allowance (Laundry & Water Heater) $2, $2,688 $2,768 $2,852 $2,937 $3,025 $3,116 $3,209 $3,306 $3,405 $3,507 $30, Fire Extinguisher Building Exterior $9, $13,916 $13, Fire Water Line Repair Allowance $3, $4,277 $4,674 $5,107 $14, Fire System 5 Year Test/Repair Allowance $2, $3,781 $4,384 $8, PAINT & SIDING/TRIM REPAIR ALLOWANCE September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 7b.2 of.3

176 7.00 B PROJECTED EXPENDITURE SCHEDULE - SECOND TEN YEARS COMPONENT REPLACE/ YEAR USEFL RMNG YR. 11 YR. 12 YR. 13 YR. 14 YR. 15 YR. 16 YR. 17 YR. 18 YR. 19 YR. 20 TOTAL CODE DESCRIPTION REPAIR CST NEW LIFE LIFE 2026/ / / / / / / / / /36 2nd 10 Yrs Paint All $204, $309,476 $309, Siding/Trim Allowance w/ Painting Cycle $93, $140,671 $140, Siding/Trim Allowance - Major Future $155, Cantilever Balconies - Recoat $15, $24,460 $24, Balcony over Laundry - Recoat $13, $20,254 $20, Wood Dry Rot/Termite Annual Allow. (Siding/Trim/Balc.'s) $30, $40,317 $41,527 $42,773 $44,056 $45,378 $46,739 $48,141 $49,585 $51,073 $52,605 $462, MISCELLANEOUS CC&R Revision $8, $12,857 $12,857 UNSCHEDULED EXPENSES RELATED TO EACH YEAR'S PROJECTS 5.00% $8,824 $4,551 $4,473 $11,301 $37,791 $9,787 $7,277 $5,850 $8,552 $14,139 $0 INFLATION FACTOR 3.00% TOTAL PROJECTED INFLATED REPAIR/REPLACEMENT EXPENSE $185,303 $95,564 $93,940 $237,311 $793,613 $205,532 $152,824 $122,857 $179,583 $296,924 $2,250,905 September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 7b.3 of.3

177 7.00 C PROJECTED EXPENDITURE SCHEDULE - THIRD TEN YEARS COMPONENT REPLACE/ YEAR USEFL RMNG YR. 21 YR. 22 YR. 23 YR. 24 YR. 25 YR. 26 YR. 27 YR. 28 YR. 29 YR. 30 TOTAL CODE 0.00 DESCRIPTION 0 REPAIR CST NEW LIFE LIFE / / / / / / / / / /46 3rd 10 Yrs 1.00 SIGNAGE & MAILBOXES 1.01 Entrance Signs w/ Tile Lettering $4, Plastic Wood Unit Identification Signs - 3' Wood Post $3, Private Entrance Signs $ Mailbox Clusters - Postal - New $3, $6,864 $6, Mailbox Clusters - Postal - Remainder $27, Mailbox Clusters - Parcel $6, ASPHALT 2.01 Asphalt Sealing $19, $34,717 $40,246 $74, Asphalt Replacement - 25% - Phase 1 $99, Asphalt Replacement - 25% - Phase 2 $99, Asphalt Replacement - 25% - Phase 3 $99, Asphalt Replacement - 25% - Phase 4 $99, Striping - Parking Spot $1, $3,121 $3,618 $6, Curb Painting - Fire Lane $4, $7,542 $8,744 $16, CONCRETE 3.01 Ongoing Replacement Allowance $7, $13,546 $14,802 $16,174 $17,674 $62, Major Replacement Allowance $36, Concrete Pool Decking $68, FENCING & GATES & RETAINING 4.01 Wood Patio Fence/Gate Replacement - Phase 1 $47, $96,138 $96, Wood Patio Fence/Gate Replacement - Phase 2 $47, $99,022 $99, Wood Patio Fence/Gate Replacement - Phase 3 $47, $101,992 $101, Wood Fence Replace Allow. (prop. line/entrances/trash)~5% $4, $7,676 $7,906 $8,143 $8,388 $8,639 $8,899 $9,166 $9,440 $9,724 $10,015 $87, Iron Pool Area $16, $37,957 $37, Wood Retaining Wall - 6" $7, IRRIGATION & LANDSCAPING 5.01 Irrigation Equipment Replace/Repair Allowance $3, $5,418 $5,581 $5,748 $5,921 $6,098 $6,281 $6,470 $6,664 $6,864 $7,070 $62, Irrigation Controller Automation Project $40, $84,065 $84, Backflow Preventers - 1.5" $7, Landscape Enhancement Allowance $5, $9,031 $9,301 $9,581 $9,868 $10,164 $10,469 $10,783 $11,106 $11,440 $11,783 $103, ELECTRICAL - SITE 6.01 Lighting and Wiring Repair Allowance $2, $3,612 $3,721 $3,832 $3,947 $4,066 $4,188 $4,313 $4,443 $4,576 $4,713 $41, Aluminum Light Poles $92, Light Pole Fixtures - 10" Plastic Globe $30, TOT LOT AREA 7.01 Tot Lot Base - Rubber $5, $10,247 $10, Wood Bench - Refurbish $ Tot Lot Equipment - Swing Unit $5, Tot Lot Equipment - Climber $20, SWIMMING POOL 8.01 Drainage Upgrade Allowance $2, $6,363 $6, Plaster $8, $19,310 $19, Coping $2, $6,308 $6, Tile $4, "No Diving" & Depth Markers $1, $3,959 $3, Walk Joint/Mastic $1, $3,005 $3, Railings $2, Light $ $1,379 $1, Heater $3, Filter $1, $4,118 $4, Filter Pump $1, $3,432 $3, Chlorinator $ $1,355 $1,570 $2, Automatic Water Level Controller $1, $3,535 $3,535 September 29, 2016 by Reserve Analysis Consulting, L.L.C. - REPRODUCTION OF THIS MATERIAL IS PROHIBITED BY LAW Page 7c.1 of.3