Reserve Study Transmittal Letter

Reserve Study Transmittal Letter Date: November 13, 2013 To: Rob Ross, Gateview From: Richard Avelar & Associates (RA&A) Re: Gateview; Update w/ Site Visit Review Attached, please find the reserve study for Gateview. To assist in your understanding of the study, and to highlight key information you may need quickly, we have listed below some of the important information contained in the study. At RA&A our goal is to bring clarity from complexity, so should you have any questions, please do not hesitate to contact us anytime. 1. Where do I find the recommended reserve contribution for next year's budget? This is found in Section III, 30 Year Reserve Funding Plan, Cash Flow Method. $825,693 is the annual amount. Directly under the annual amount is the amount per ownership interest, per month, or other period, as applicable. $141.29 /Unit/month @ 487. For any other funding related issues, if any, see Section III, 30 Year Reserve Funding Plan, Cash Flow Method. 2. Where do I find the status of the reserve fund, based on the Percent Funded calculation? This is found for the 30-year term of the study in Section IV, 30 Year Reserve Funding Plan, Including Fully Funded Balance and % Funded. For the year for which the study was prepared, 2014, the Association is 24.3% funded. Based on the 30 year cash flow projection, the Association's reserves appear adequately funded as the reserve fund ending balances remain positive throughout the replacement of all major components during the next 30 years. California statute imposes no reserve funding level requirements nor does it address funding level adequacy, and although one or more of the reserve fund percentages expressed in this report may be less than one hundred percent, those percentages do not necessarily indicate that the Association's reserves are inadequately funded. 3. Where do I find the assumptions for interest and inflation factors? While this information is in various places in the study, it can always be found in Section III, 30 Year Reserve Funding Plan, Cash Flow Method. For this study the assumption is 1.00% for the interest rate and 2.50% for the inflation factor. Please be advised these rates estimate the values that will stand the test of time over the 30-year term of the study, not simply only next year. 12usvv4.4.73 318 Harrison St., #103 / Oakland, CA 94607 Office (510) 893-5501 Fax (510) 893-5874 Thess@Ravelar / www.ravelar.com

- 1674 November 13, 2013 - Reserve Study Page Two 4. What pages from the reserve study get mailed to the members (homeowners)? Please see the last section of the reserve study, "Member Distribution Materials." These are the last six pages (or more) of the study which can be removed, and copied, for distribution to the membership with the budget packet. This packet includes all state mandated disclosures related to the reserves and the reserve study. This section of the study is a stand-alone packet with it's own cover and table of contents. 5. What are the next steps? This study meets the CA Civil Code Requirements for a site visit study every three years. The next site visit study will be due in three years. For the intervening two years, RA&A proposes doing an Update Without Site Visit Study during the next two years at a nominal cost which will include the preparation of a reserve study and required disclosures including the California Assessment and Reserve Funding Disclosure, which under law, must be presented to the association members each year. Please read the two helpful sections entitled Glossary and Notes to the Auditor. The glossary explains common reserve study terms as well as RA&A specific terminology. The Notes to the Auditor while intended to assist the auditor, has useful information for the casual reader on how year zero, (2013) the current fiscal year is dealt with in the study. Thank you for the opportunity to work with the Gateview on this study. 12usvv4.4.73

RESERVE STUDY Update w/ Site Visit Review Gateview Published - November 13, 2013 Richard Avelar & Associates 318 Harrison St., #103 / Oakland, CA 94607 Office (510) 893-5501 Fax (510) 893-5874 Thess@Ravelar / www.ravelar.com Richard Avelar & Associates 2013 1674 11/13/2013 12usvv4.4.73-513:trh. Version 11/13/2013 3:32:58 PM

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} 19 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 IV-a: 30 Year Reserve Funding Plan Cash Flow Method - Percent Funded Chart 22 Section V: Reserve Fund Balance Forecast Component Method 23 Section VI: Component Listing Included Components 33 Section VII: Tabular Component Listing Included Components 64 Section VII-a: Expenditures by Year - Next 3 Years 70 Section X: Auditor Notes 74 Section X-a: Supplementary Information for Auditor Component Method Section XI: Glossary Reserve Study Terms 82 Addendum: Homeowner Distribution Materials See Page ii for Details 76 1674 11/13/2013 12usvv4.4.73-513:trh. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 TOC - i

Homeowner Distribution Materials Section The following Reserve Study sections should be provided to each Homeowner. Report California: Homeowner Assessment and Reserve Funding Disclosure Section III: 30 Year Reserve Funding Plan [Civil Code 1365.2.5.4(b)] Cash Flow Method {c} 1674 11/13/2013 12usvv4.4.73-513:trh. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 TOC - ii

Section I Update w/ Site Visit Review Gateview Published - November 13, 2013 Reserve Study A Reserve Study was conducted of Gateview (the "Association"). An Update With Site- Visit Review is a reserve study update in which the following tasks are performed: development of a reserve component inventory (verification only, not quantification); condition assessment based upon on-site visual observation; life and valuation estimates; fund status; and a funding plan. Gateview is a Planned Development with a total of 487 Units. Physical Inspection Richard Avelar & Associates ("RA&A") 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 $1,000. 2. Such additional components, if any, determined by the Board of Directors. During the inspection, RA&A 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 RA&A relied on the Association to provide an accurate Beginning Reserve Balance. 1674 11/13/2013 12usvv4.4.73-513:trh. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 318 Harrison St., #103 / Oakland, CA 94607 Office (510) 893-5501 Fax (510) 893-5874 Thess@Ravelar / www.ravelar.com

Reserve Study - Update w/ Site Visit Review Gateview 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 $7,394,943. [For purposes of this calculation, necessary is defined as the Fully Funded Balance (FFB) (Component Current Cost X Effective Age / Useful, 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, 2014 is estimated to be $1,793,602, constituting 24.3% 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 $825,693 [$141.29 per Unit per month (average)] for the fiscal year ending December 31, 2014 (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 appear adequately funded as the reserve fund ending balances remain positive throughout the replacement of all major components during the next 30 years. California statute imposes no reserve funding level requirements nor does it address funding level adequacy, and although one or more of the reserve fund percentages expressed in this report may be less than one hundred percent, those percentages do not necessarily indicate that the Association's reserves are inadequately funded. Percent Funded Status Based on paragraphs 1-3 above, the Association is 24.3% 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 --------------- 30% -------------------- Fair --------------------- 70% ----------- Strong ------------ 100%

Reserve Study - Update w/ Site Visit Review Gateview 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 Gateview 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 was conducted pursuant to Sections 1365 and 1365.5(d) of the California Civil Code. Open Meeting California Civil Code Section 1365.5 says (in part): The (Reserve Funding) plan shall be adopted by the board of directors at an open meeting before the membership of the association as described in Section 1363.05. If the board of directors determines that an assessment increase is necessary to fund the reserve funding plan, any increase shall be approved in a separate action of the board that is consistent with the procedure described in Section 1366. General: Supplemental Disclosures RA&A has no other involvement(s) with the Association which could result in actual or perceived conflicts of interest.

Reserve Study - Update w/ Site Visit Review Gateview 4 Personnel Credentials: RA&A is an Architectural Firm and a licensed general building contractor in California. Ken Kosloff, PRA, RS, Principal, holds the Professional Reserve Analyst designation from The Association of Reserve Analysts along with the Reserve Specialist designation from the Community Associations Institute. Completeness: RA&A 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 RA&A. Scope: This Reserve Study is a reflection of information provided to RA&A 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. Component Quantities: The Association warrants the previously developed component quantities are accurate and reliable. Richard Avelar & Associates

Section II Gateview 30 Year Expense Forecast - Detailed Current Replacement Useful / Reserve Component Cost Remaining 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 00060 - Paint/Caulk/Waterproof/Refinish 040 - Waterproofing / Paint 389,787 Sq. Ft. Acrylic Paint Building Exterior[nr:1] 041 - Waterproofing / Paint 389,787 Sq. Ft. Elastomeric Paint Bldg Exterior 550,000 12 1 563,750 550,000 12 25 042 - Window Re-Caulking 200,000 12 1 205,000 275,702 044 - Waterproofing Plaza Entry Paver & Area Drain Repair 048 - Plaza Waterproofing - Leak Detection [nr:1] 049 - Plaza Waterproofing - Leak Repairs [nr:1] 982 - Building Exterior Paint Removal (strip) [nr:1] Total 00060 - Paint/Caulk/Waterproof/Refinish 00062 - Mailboxes 014 - Mailboxes D/F Building 015 - Mailboxes C/J Building 016 - Mailboxes A/B Building 250,000 10 6 289,923 5,000 20 3 5,384 38,076 20 4 42,029 1,076,891 30 13 1,484,506 2,669,967 Total 00062 - Mailboxes 32,000 00100 - Mechanical Equipment - Domestic Water 130 - Valves Main 132 - Floor Isolation Valve 196 140 - Boilers Boiler #2 Replace 141 - Boilers Boiler #3 Replace 142 - Boilers Boiler #1 Replace 768,750 5,384 42,029 289,923 1,760,208 12,000 25 10 15,361 10,000 25 10 12,801 10,000 25 10 12,801 16,153 5 2 16,971 19,201 21,724 174,133 25 16 66,533 20 19 29,000 20 19 143 - Boiler Insulation 4,561 20 19 66,625 20 3 71,748 149 - Boiler Fencing 3,500 20 2 3,677 40,963 160 - Booster Pumps 7 180 - Circulation Pumps 4 (50%) 25,065 20 5 28,358 1,330 15 5 1,505 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2013 to 2027 5

Current Replacement Useful / Gateview 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 181 - Circulation Pumps 4 (50%) 224 - Backflow Preventor Plaza 225 - Backflow Preventor Pierce 902 - Leak Repair/Pipe Replace Interior Building 904 - Plumbing Survey/Inspection Report (33%)[nr:1] Total 00100 - Mechanical Equipment - Domestic Water 1,330 15 14 1,879 20,000 30 21 20,000 30 3 21,538 30,000 5 2 31,519 35,661 40,347 5,384 2 1 5,519 463,614 00102 - Mechanical Equipment - HVAC / Ventilation 040 - Hydronic System Specifications Total 00102 - Mechanical Equipment - HVAC / Ventilation 00104 - Mechanical Equipment - Trash 102 - Trash Chutes (Repair) Chute/Misc. Door Repair (5%) 5,731 20 19 5,731 109 - Trash Compactor Replace 60,000 30 15 130 - Trash/Recycle Bins 10 Total 00104 - Mechanical Equipment - Trash 5,519 52,167 93,286 29,863 54,862 62,071 1,879 3,904 5 0 3,904 4,417 4,997 20,000 10 7 23,774 83,904 00106 - Mechanical Equip. - Fire Safety/Alarm System 146 - Main Pumps 3 Replace 3,904 4,417 23,774 4,997 37,153 40 4 41,010 148 - Sprinkler System Repair 8,400 5 4 9,272 10,490 11,869 236 - Miscellaneous System Repair/Retrofit Total 00106 - Mechanical Equip. - Fire Safety/Alarm System 14,204 30 29 59,757 00110 - Mechanical Equipment - Security System 100 - Entry Access System [se:2] 105 - Surveillance Cameras (18%) 106 - Surveillance Cameras (40.9%) 107 - Surveillance Cameras (40.9%) 136,765 15 0 68,383 70,092 35,000 20 0 35,000 78,500 20 1 80,462 78,500 20 2 82,474 118 - Backup Batteries 3,231 15 0 3,231 50,282 10,490 11,869 Total 00110 - Mechanical Equipment - Security System 331,995 00112 - Mechanical Equipment - Garage Ventilation 114 - Ventilation Fans 2 Total 00112 - Mechanical Equipment - Garage Ventilation 106,613 150,555 82,474 8,938 10 5 10,113 8,938 10,113 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2013 to 2027 6

Current Replacement Useful / Gateview 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 00114 - Mechanical Equip. - Safety System 001 - Central Panel 405,846 30 0 405,846 002 - Central Panel 1,014,794 30 1 1,040,164 003 - Keltron System 36,614 20 12 49,242 004 - Smoke Detectors 487 006 - Consultant Safety/Fire/Comm/Security[nr:1] 007 - Consultant Safety/Fire/Comm/Security[nr:1] Total 00114 - Mechanical Equip. - Safety System 26,222 10 3 28,239 36,148 78,971 5 0 78,971 78,971 5 1 80,945 1,641,419 00116 - Mechanical Equip. - Safety Emergency Syst. 001 - Generator Replacement 002 - Fuel Tank (Generator) Replacement 020 - Fire Pump Indicator Panel (Generator) [se:2] Total 00116 - Mechanical Equip. - Safety Emergency Syst. 01000 - Paving 100 - Repairs 6,360 Sq. Ft. Repair/Seal/Re-Stripe 310 - Asphalt: Resurface 6,360 Sq. Ft. 50,613 25 19 105,575 30 0 105,575 484,817 1,121,109 28,239 49,242 36,148 6,200 5 3 3,338 3,422 3,777 3,871 4,273 4,380 162,388 Total 01000 - Paving 32,533 02000 - Concrete (Partial Replacement) 105,575 3,338 3,422 3,777 3,871 4,273 4,380 5,137 5 1 5,265 5,957 6,740 27,396 25 16 5,265 5,957 6,740 240 - Walkways/Drives 5,384 2 1 5,519 5,798 6,092 6,400 6,724 7,065 7,423 400 - Pool Deck Re-Coat Total 02000 - Concrete (Partial Replacement) 03200 - Waterproofing 125 - Planter Areas Repair 3,000 Sq. Ft. Atrium's (5.6%) 130 - Garage Slab Leak Inspection [nr:1] 132 - Garage Slab Leak Repair [nr:1] 30,000 15 3 32,307 35,384 Total 03200 - Waterproofing 62,500 03500 - Painting: Interior 101 - Common Areas / Stairwells 216,782 Sq. Ft. Total 03500 - Painting: Interior 200,000 10,000 20 18 7,500 30 1 7,688 45,000 30 1 46,125 5,519 38,105 6,092 6,400 6,724 7,065 7,423 53,813 200,000 9 1 205,000 256,017 205,000 256,017 04000 - Structural Repairs/Replacement Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2013 to 2027 7

Current Replacement Useful / Gateview 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 996 - Miscellaneous F Building Emergency Exit[nr:1] 05000 - Roofing Total 04000 - Structural Repairs/Replacement 050 - Roof Deck Replacement AB Plaza Entry 8,500 20 1 8,713 8,500 088 - Roof Drainage 1,358 30 29 100 - Low Slope: Tar & Gravel A Bldg. 101 - Low Slope: Tar & Gravel B Bldg. 102 - Low Slope:Duro-Last C Bldg. 103 - Low Slope:Duro-Last D Bldg. 104 - Low Slope: Tar & Gravel E Bldg. 105 - Low Slope:Duro-Last F Bldg. 106 - Low Slope:Duro-Last J Bldg. 240 - Low Slope: Tar & Gravel 2,000 Sq. Ft. Clubhouse 8,713 25,702 15 14 36,316 308,106 15 9 384,782 264,140 15 9 329,874 365,680 15 5 413,733 365,680 15 5 413,733 325,049 15 8 396,040 107,689 15 5 121,840 86,152 15 5 97,473 21,322 15 2 22,402 900 - Roofing: Inspections & Repairs 5,932 4 3 6,388 7,052 7,784 Total 05000 - Roofing 1,876,810 22,402 6,388 1,046,780 7,052 396,040 714,656 7,784 36,316 08000 - Re-Model / Upgrade 200 - Security Office [nr:1] 250 - Laundry Room 2 Total 08000 - Re-Model / Upgrade 24,000 11000 - Gate Equipment / Entry System 270 - Roll-Up Gate 6 Garbage Room/B Dock 780 - Pedestrian Gate A dock 781 - Auto Gate 3 Driv. Assy 782 - Auto Gate 3 G-1, G-2 Res, G-2 Vis 15,000 15 1 15,375 9,000 15 10 11,521 21,000 25 15 15,375 11,521 5,384 15 12 7,241 12,438 5 0 12,438 14,073 15,922 16,153 10 8 19,681 784 - Security Gate 5,384 15 12 7,241 804 - Safety Loops 2 Total 11000 - Gate Equipment / Entry System 12000 - Pool 100 - Re-plaster 984 Sq. Ft. 8,292 25 0 8,292 68,652 20,730 14,073 19,681 15,922 14,483 30,000 10 6 34,791 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2013 to 2027 8

Current Replacement Useful / Gateview 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 701 - Equipment Repair Miscellaneous 3,436 10 9 4,291 702 - Filter 1,564 10 4 1,726 2,209 704 - Chlorinator 3,741 5 2 3,931 4,447 5,031 706 - Pumps 2 Solar Pumps 1,615 10 7 1,920 720 - Heater 9,096 12 11 11,934 900 - Pool Cover 2,545 7 6 2,951 3,508 904 - Miscellaneous Skimmer & Lights 13000 - Spa 180 - Repairs Replacement 780 - Heater Heater & Pumps Total 12000 - Pool 57,381 Total 13000 - Spa 22,475 14000 - Recreation / Fitness Equipment 5,384 10 8 6,560 21,500 20 2 22,589 3,931 1,726 37,742 6,367 6,560 4,291 11,934 5,031 3,508 2,209 975 12 11 1,280 22,589 1,280 100 - Sauna: Heaters 1,890 3 1 1,937 2,086 2,247 2,419 2,605 140 - Sauna: Wood Replacement Fund Interior 290 - Miscellaneous Exercise Equipment (10%) Total 14000 - Recreation / Fitness Equipment 17000 - Tennis Court 6,461 10 8 7,873 3,554 3 1 3,643 3,923 4,224 4,549 4,899 11,905 5,580 6,009 6,471 7,873 6,968 7,504 500 - Seal Coat 6,000 5 3 6,461 7,310 8,271 550 - Resurface 25,000 25 23 Total 17000 - Tennis Court 31,000 6,461 7,310 8,271 18000 - Landscaping 902 - Irrigation North Plaza, Hillside (13.7%) 903 - Irrigation Driveway, Pierce St. (28%) 904 - Irrigation South Plaza (28%) 905 - Irrigation Plaza Lawns 13,500 30 0 13,500 27,593 30 2 28,990 27,593 30 3 29,715 30,000 30 4 33,114 908 - Plants 25,000 10 0 25,000 32,002 909 - Plants 25,000 10 2 26,266 33,622 Total 18000 - Landscaping 148,686 38,500 55,256 29,715 33,114 32,002 33,622 19000 - Fencing (Repair/Replace) Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2013 to 2027 9

Current Replacement Useful / Gateview 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 050 - Chain Link 950 Lin. Ft. 200 - Wrought Iron Pool Fence 600 - Wrought Iron All W/I Fencing and Railings 991 - Miscellaneous Patio Fence Replacement Fund 992 - Miscellaneous 728 Lin. Ft. Tennis court fence Total 19000 - Fencing (Repair/Replace) 27,858 20 17 17,907 20 19 5,384 2 0 5,384 5,657 5,943 6,244 6,560 6,893 7,241 7,608 50,799 20 19 22,853 25 12 30,735 124,801 22000 - Office Equipment / Furnishings 702 - Carpet Carpet/Paint 5,384 5,657 5,943 6,244 6,560 6,893 37,976 7,608 6,461 10 1 6,623 8,478 704 - Furnishings 4,738 12 2 4,978 6,695 706 - Equipment 5,923 3 3 6,378 6,869 7,397 7,966 Total 22000 - Office Equipment / Furnishings 23000 - Misc. Mechanical Equipment 990 - Miscellaneous Tomcat 250 Floor Cleaner Total 23000 - Misc. Mechanical Equipment 23500 - Elevator 100 - Cab Refurbish / Upgrade 7 Traction Elevators (50%) 101 - Cab Refurbish / Upgrade 7 Traction Elevators (50%) 102 - Cab Refurbish / Upgrade Hydraulic Garage Elevator 200 - System Modernization Traction Elevators 201 - System Modernization Traction Elevators 203 - System Modernization Garage Hydraulic Elevator 204 - System Modernization B Dock Freight Elevator 17,123 6,623 4,978 6,378 6,869 7,397 8,478 7,966 6,695 10,000 10 3 10,769 13,785 10,000 Total 23500 - Elevator 1,626,348 87,500 25 0 87,500 85,366 25 1 87,500 15,000 25 5 16,971 359,775 30 0 359,775 24000 - Common Area Furnishings / Equipment 100 - Miscellaneous Microphones 828,707 30 1 849,425 100,000 25 5 113,141 150,000 25 5 169,711 447,275 936,925 299,823 10,769 13,785 2,055 10 9 2,566 102 - Lobby 9,746 20 6 11,302 920 - Pool/Patio Furnishings 3,436 5 0 3,436 3,887 4,398 Total 24000 - Common Area Furnishings / Equipment 24500 - Electrical 15,236 3,436 3,887 11,302 2,566 4,398 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2013 to 2027 10

Current Replacement Useful / Gateview 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200 - Building Exterior Lighting Ext. Bldg including Pierce Street (25%) 201 - Corridor Lighting Interior 22,884 5 1 23,456 26,538 30,026 92,516 20 7 109,972 202 - Garage Lighting 100,000 10 3 107,689 137,851 206 - Lighting Plaza Area 207 - Lighting East Hillside 208 - Lighting Driveway 900 - Miscellaneous Atrium Lighting 901 - Miscellaneous Lobby Chandeliers 25000 - Flooring Total 24500 - Electrical 334,115 200 - Carpeting 6,150 Sq. Yds. Carpet Tiles @ corridor (50%) 201 - Carpeting 6,150 Sq. Yds. Carpet Tiles @ corridor (50%) 400 - Tile Bathrooms 401 - Miscellaneous Tile & Vinyl 402 - Miscellaneous Carpet Runners @ Lobby Total 25000 - Flooring 381,447 25500 - Wallcoverings 602 - Sheet Metal 3 Garbage Rooms Total 25500 - Wallcoverings 7,500 30000 - Miscellaneous 60,000 20 0 60,000 19,000 20 0 19,000 30,000 20 2 31,519 3,716 10 9 4,641 6,000 20 1 6,150 79,000 29,606 31,519 107,689 26,538 109,972 4,641 30,026 137,851 175,837 10 1 180,233 230,714 175,837 10 2 184,739 236,482 5,673 20 19 17,769 10 3 19,135 24,494 6,330 10 9 7,906 180,233 184,739 19,135 7,906 230,714 236,482 24,494 7,500 20 5 8,486 010 - Structural Repairs 678,441 30 12 912,428 030 - Utility Cart 7,323 12 3 7,886 038 - General Renovations (20%) 794 - Miscellaneous 2013 Improvements[nr:1] 8,486 36,614 2 1 37,530 39,430 41,426 43,523 45,726 48,041 50,473 90,000 40 0 90,000 902 - Reserve Study (3-Year Update) 4,146 3 0 4,146 4,465 4,808 5,178 5,576 Total 30000 - Miscellaneous 816,524 Total Expenditures Inflated @ 2.50% 94,146 37,530 51,780 41,426 4,808 43,523 50,904 48,041 918,004 50,473 1,389,379 3,536,114 465,711 406,668 142,525 1,464,958 389,384 258,421 447,802 813,447 379,680 352,061 1,364,877 2,053,939 70,957 Total Current Replacement Cost 11,372,634 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2013 to 2027 11

30 Year Expense Forecast - Detailed Reserve Component 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 00060 - Paint/Caulk/Waterproof/Refinish 040 - Waterproofing / Paint 389,787 Sq. Ft. Acrylic Paint Building Exterior[nr:1] 041 - Waterproofing / Paint 389,787 Sq. Ft. Elastomeric Paint Bldg Exterior 1,019,669 042 - Window Re-Caulking 370,789 044 - Waterproofing Plaza Entry Paver & Area Drain Repair 048 - Plaza Waterproofing - Leak Detection [nr:1] 049 - Plaza Waterproofing - Leak Repairs [nr:1] 982 - Building Exterior Paint Removal (strip) [nr:1] Total 00060 - Paint/Caulk/Waterproof/Refinish 00062 - Mailboxes 014 - Mailboxes D/F Building 015 - Mailboxes C/J Building 016 - Mailboxes A/B Building Total 00062 - Mailboxes 371,126 475,073 371,126 1,390,458 475,073 00100 - Mechanical Equipment - Domestic Water 130 - Valves Main 132 - Floor Isolation Valve 196 140 - Boilers Boiler #2 Replace 141 - Boilers Boiler #3 Replace 142 - Boilers Boiler #1 Replace 258,502 24,579 27,809 31,464 106,362 46,361 143 - Boiler Insulation 7,291 149 - Boiler Fencing 6,025 117,567 160 - Booster Pumps 7 180 - Circulation Pumps 4 (50%) 181 - Circulation Pumps 4 (50%) 224 - Backflow Preventor Plaza 225 - Backflow Preventor Pierce 902 - Leak Repair/Pipe Replace Interior Building 46,468 2,179 33,592 45,649 51,647 58,434 2,722 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2028 to 2042 12

30 Year Expense Forecast - Detailed Reserve Component 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 904 - Plumbing Survey/Inspection Report (33%)[nr:1] Total 00100 - Mechanical Equipment - Domestic Water 00102 - Mechanical Equipment - HVAC / Ventilation 040 - Hydronic System Specifications Total 00102 - Mechanical Equipment - HVAC / Ventilation 00104 - Mechanical Equipment - Trash 102 - Trash Chutes (Repair) Chute/Misc. Door Repair (5%) 5,654 109 - Trash Compactor Replace 86,898 130 - Trash/Recycle Bins 10 Total 00104 - Mechanical Equipment - Trash 00106 - Mechanical Equip. - Fire Safety/Alarm System 146 - Main Pumps 3 Replace 258,502 70,228 160,014 2,179 33,592 85,482 117,567 46,468 89,898 2,722 9,162 9,162 6,397 7,237 30,432 38,956 92,552 30,432 6,397 7,237 38,956 148 - Sprinkler System Repair 13,428 15,193 17,190 236 - Miscellaneous System Repair/Retrofit Total 00106 - Mechanical Equip. - Fire Safety/Alarm System 00110 - Mechanical Equipment - Security System 100 - Entry Access System [se:2] 105 - Surveillance Cameras (18%) 106 - Surveillance Cameras (40.9%) 107 - Surveillance Cameras (40.9%) 99,038 118 - Backup Batteries 4,679 101,514 29,068 13,428 15,193 46,257 57,351 131,847 135,143 Total 00110 - Mechanical Equipment - Security System 00112 - Mechanical Equipment - Garage Ventilation 114 - Ventilation Fans 2 Total 00112 - Mechanical Equipment - Garage Ventilation 00114 - Mechanical Equip. - Safety System 001 - Central Panel 103,717 101,514 57,351 131,847 135,143 12,945 16,571 12,945 16,571 002 - Central Panel 003 - Keltron System Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2028 to 2042 13

30 Year Expense Forecast - Detailed Reserve Component 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 004 - Smoke Detectors 487 006 - Consultant Safety/Fire/Comm/Security[nr:1] 007 - Consultant Safety/Fire/Comm/Security[nr:1] Total 00114 - Mechanical Equip. - Safety System 00116 - Mechanical Equip. - Safety Emergency Syst. 001 - Generator Replacement 002 - Fuel Tank (Generator) Replacement 020 - Fire Pump Indicator Panel (Generator) [se:2] Total 00116 - Mechanical Equip. - Safety Emergency Syst. 01000 - Paving 100 - Repairs 6,360 Sq. Ft. Repair/Seal/Re-Stripe 310 - Asphalt: Resurface 6,360 Sq. Ft. Total 01000 - Paving 02000 - Concrete (Partial Replacement) 80,913 46,272 46,272 4,835 4,956 5,470 5,607 6,189 6,344 4,835 85,869 5,470 5,607 6,189 6,344 7,626 8,628 9,761 40,670 48,295 8,628 9,761 240 - Walkways/Drives 7,798 8,193 8,608 9,044 9,501 9,982 10,488 11,019 400 - Pool Deck Re-Coat Total 02000 - Concrete (Partial Replacement) 03200 - Waterproofing 125 - Planter Areas Repair 3,000 Sq. Ft. Atrium's (5.6%) 130 - Garage Slab Leak Inspection [nr:1] 132 - Garage Slab Leak Repair [nr:1] Total 03200 - Waterproofing 03500 - Painting: Interior 101 - Common Areas / Stairwells 216,782 Sq. Ft. Total 03500 - Painting: Interior 04000 - Structural Repairs/Replacement 996 - Miscellaneous F Building Emergency Exit[nr:1] 05000 - Roofing Total 04000 - Structural Repairs/Replacement 050 - Roof Deck Replacement AB Plaza Entry 46,790 7,798 8,193 46,790 8,608 9,044 9,501 9,982 10,488 11,019 15,596 15,596 319,730 399,299 319,730 399,299 52,596 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2028 to 2042 14

30 Year Expense Forecast - Detailed Reserve Component 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 088 - Roof Drainage 2,780 100 - Low Slope: Tar & Gravel A Bldg. 101 - Low Slope: Tar & Gravel B Bldg. 102 - Low Slope:Duro-Last C Bldg. 103 - Low Slope:Duro-Last D Bldg. 104 - Low Slope: Tar & Gravel E Bldg. 105 - Low Slope:Duro-Last F Bldg. 106 - Low Slope:Duro-Last J Bldg. 240 - Low Slope: Tar & Gravel 2,000 Sq. Ft. Clubhouse 32,445 900 - Roofing: Inspections & Repairs 8,592 9,484 10,468 11,555 599,209 599,209 176,461 141,171 573,584 557,279 477,756 Total 05000 - Roofing 08000 - Re-Model / Upgrade 200 - Security Office [nr:1] 250 - Laundry Room 2 Total 08000 - Re-Model / Upgrade 8,592 32,445 9,484 1,516,049 584,052 1,035,036 11,555 55,376 16,685 16,685 11000 - Gate Equipment / Entry System 270 - Roll-Up Gate 6 Garbage Room/B Dock 780 - Pedestrian Gate A dock 781 - Auto Gate 3 Driv. Assy 782 - Auto Gate 3 G-1, G-2 Res, G-2 Vis 30,414 18,014 20,381 23,060 10,488 25,194 32,250 784 - Security Gate 10,488 804 - Safety Loops 2 Total 11000 - Gate Equipment / Entry System 12000 - Pool 100 - Re-plaster 984 Sq. Ft. 701 - Equipment Repair Miscellaneous 48,428 25,194 20,381 38,433 20,976 32,250 15,373 44,535 57,009 5,492 7,031 702 - Filter 2,828 704 - Chlorinator 5,693 6,441 7,287 706 - Pumps 2 Solar Pumps 2,458 3,146 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2028 to 2042 15

30 Year Expense Forecast - Detailed Reserve Component 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 720 - Heater 16,050 900 - Pool Cover 4,170 4,957 904 - Miscellaneous Skimmer & Lights 13000 - Spa 180 - Repairs Replacement 780 - Heater Heater & Pumps Total 12000 - Pool Total 13000 - Spa 8,398 10,750 44,535 8,150 8,398 5,492 4,170 6,441 16,050 2,828 57,009 15,390 10,750 7,031 37,014 1,721 37,014 1,721 14000 - Recreation / Fitness Equipment 100 - Sauna: Heaters 2,806 3,021 3,254 3,504 3,773 140 - Sauna: Wood Replacement Fund Interior 290 - Miscellaneous Exercise Equipment (10%) Total 14000 - Recreation / Fitness Equipment 17000 - Tennis Court 10,077 12,900 5,276 5,681 6,118 6,588 7,095 8,081 10,077 8,703 9,372 10,092 23,768 500 - Seal Coat 9,358 10,588 11,979 550 - Resurface 44,115 Total 17000 - Tennis Court 9,358 54,703 11,979 18000 - Landscaping 902 - Irrigation North Plaza, Hillside (13.7%) 903 - Irrigation Driveway, Pierce St. (28%) 904 - Irrigation South Plaza (28%) 905 - Irrigation Plaza Lawns 908 - Plants 40,965 909 - Plants 43,039 Total 18000 - Landscaping 19000 - Fencing (Repair/Replace) 050 - Chain Link 950 Lin. Ft. 200 - Wrought Iron Pool Fence 600 - Wrought Iron All W/I Fencing and Railings 991 - Miscellaneous Patio Fence Replacement Fund 40,965 43,039 42,389 28,627 7,993 8,398 8,823 9,270 9,739 10,232 10,750 81,210 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2028 to 2042 16

30 Year Expense Forecast - Detailed Reserve Component 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 992 - Miscellaneous 728 Lin. Ft. Tennis court fence Total 19000 - Fencing (Repair/Replace) 22000 - Office Equipment / Furnishings 702 - Carpet Carpet/Paint 7,993 42,389 8,398 109,836 8,823 9,270 9,739 10,232 10,750 704 - Furnishings 9,004 706 - Equipment 8,578 9,238 9,948 10,713 11,537 10,852 Total 22000 - Office Equipment / Furnishings 23000 - Misc. Mechanical Equipment 990 - Miscellaneous Tomcat 250 Floor Cleaner Total 23000 - Misc. Mechanical Equipment 23500 - Elevator 100 - Cab Refurbish / Upgrade 7 Traction Elevators (50%) 101 - Cab Refurbish / Upgrade 7 Traction Elevators (50%) 102 - Cab Refurbish / Upgrade Hydraulic Garage Elevator 200 - System Modernization Traction Elevators 201 - System Modernization Traction Elevators 203 - System Modernization Garage Hydraulic Elevator 204 - System Modernization B Dock Freight Elevator Total 23500 - Elevator 8,578 9,238 20,800 10,713 9,004 11,537 17,646 17,646 162,220 162,220 162,220 162,220 24000 - Common Area Furnishings / Equipment 100 - Miscellaneous Microphones 3,285 4,205 102 - Lobby 18,520 920 - Pool/Patio Furnishings 4,976 5,630 6,369 Total 24000 - Common Area Furnishings / Equipment 24500 - Electrical 200 - Building Exterior Lighting Ext. Bldg including Pierce Street (25%) 201 - Corridor Lighting Interior 4,976 3,285 5,630 6,369 18,520 4,205 33,971 38,435 43,486 202 - Garage Lighting 176,461 180,202 206 - Lighting Plaza Area 98,317 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2028 to 2042 17

30 Year Expense Forecast - Detailed Reserve Component 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 207 - Lighting East Hillside 208 - Lighting Driveway 900 - Miscellaneous Atrium Lighting 901 - Miscellaneous Lobby Chandeliers Total 24500 - Electrical 31,134 51,647 5,940 7,604 10,077 33,971 5,940 129,451 48,513 51,647 176,461 43,486 180,202 7,604 25000 - Flooring 200 - Carpeting 6,150 Sq. Yds. Carpet Tiles @ corridor (50%) 201 - Carpeting 6,150 Sq. Yds. Carpet Tiles @ corridor (50%) 400 - Tile Bathrooms 401 - Miscellaneous Tile & Vinyl 402 - Miscellaneous Carpet Runners @ Lobby Total 25000 - Flooring 25500 - Wallcoverings 602 - Sheet Metal 3 Garbage Rooms Total 25500 - Wallcoverings 295,333 302,717 9,070 31,355 10,120 12,955 19,190 295,333 302,717 31,355 12,955 13,905 13,905 30000 - Miscellaneous 010 - Structural Repairs 030 - Utility Cart 10,606 14,263 038 - General Renovations (20%) 794 - Miscellaneous 2013 Improvements[nr:1] 53,028 55,713 58,533 61,497 64,610 67,881 71,317 74,928 902 - Reserve Study (3-Year Update) 6,005 6,466 6,964 7,499 8,076 Total 30000 - Miscellaneous Total Expenditures Inflated @ 2.50% 69,639 55,713 6,466 58,533 68,460 64,610 7,499 67,881 93,656 74,928 357,225 874,019 247,550 144,350 817,275 1,791,397 616,217 680,124 1,125,410 1,086,615 1,786,302 785,306 472,657 494,986 228,440 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 2028 to 2042 18

Section III Gateview 30 Year Reserve Funding Plan Cash Flow Method Beginning Balance Inflated Expenditures @ 2.5% Reserve Contribution Units/month @ 487 Percentage Increase Special Assessments / Other Interest Pre Tax @ 1.00% Ending Balance 1) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 4,863,659 4,472,846 1,793,602 2,194,065 2,679,134 3,456,314 2,934,560 3,497,700 4,207,341 4,743,093 1,389,379 3,536,114 465,711 406,668 142,525 1,464,958 389,384 258,421 447,802 813,447 766,655 825,693 846,335 867,493 889,180 911,409 920,523 929,728 939,025 948,415 131.19 141.29 144.82 148.44 152.15 155.96 157.52 159.09 160.68 162.29 7.7% 2.5% 2.5% 2.5% 2.5% 1.0% 1.0% 1.0% 1.0% 185,4611 0 0 0 0 0 0 0 0 0 46,450 31,176 19,839 24,245 30,525 31,795 32,001 38,334 44,530 48,106 4,472,846 1,793,602 2,194,065 2,679,134 3,456,314 2,934,560 3,497,700 4,207,341 4,743,093 4,926,167 Additional Funds to be transferred to the Reserve Account. Beginning Balance Inflated Expenditures @ 2.5% Reserve Contribution Units/month @ 487 Percentage Increase Special Assessments / Other Interest Pre Tax @ 1.00% Ending Balance 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 4,926,167 5,556,539 6,230,598 5,903,241 4,889,925 5,869,291 6,575,759 6,774,949 7,610,791 8,563,791 379,680 352,061 1,364,877 2,053,939 70,957 357,225 874,019 247,550 144,350 817,275 957,899 967,478 977,153 986,925 996,794 1,001,778 1,006,787 1,011,821 1,016,880 1,021,964 163.91 165.55 167.21 168.88 170.57 171.42 172.28 173.14 174.00 174.87 1.0% 1.0% 1.0% 1.0% 1.0% 0.5% 0.5% 0.5% 0.5% 0.5% 0 0 0 0 0 0 0 0 0 0 52,153 58,642 60,367 53,697 53,528 61,916 66,421 71,571 80,471 86,661 5,556,539 6,230,598 5,903,241 4,889,925 5,869,291 6,575,759 6,774,949 7,610,791 8,563,791 8,855,142 Beginning Balance Inflated Expenditures @ 2.5% Reserve Contribution Units/month @ 487 Percentage Increase Special Assessments / Other Interest Pre Tax @ 1.00% Ending Balance 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 8,855,142 8,175,549 8,675,377 9,121,163 9,129,107 9,181,359 8,536,213 8,895,908 9,578,730 10,251,284 1,791,397 616,217 680,124 1,125,410 1,086,615 1,786,302 785,306 472,657 494,986 228,440 1,027,074 1,032,209 1,037,370 1,042,557 1,047,770 1,053,009 1,058,274 1,063,565 1,068,883 1,074,227 175.75 176.63 177.51 178.40 179.29 180.19 181.09 181.99 182.90 183.82 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0 0 0 0 0 0 0 0 0 0 84,730 83,835 88,540 90,797 91,097 88,147 86,727 91,914 98,657 106,742 8,175,549 8,675,377 9,121,163 9,129,107 9,181,359 8,536,213 8,895,908 9,578,730 10,251,284 11,203,812 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 19

Fund Balance Section III-a Gateview 30 Year Reserve Funding Plan Cash Flow Method - Ending Balances $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 20 Years

Section IV Gateview 30 Year Reserve Funding Plan Including Fully Funded Balance and % Funded Year Beginning Balance Fully Funded Balance Percent Funded Inflated Expenditures @ 2.50% Reserve Contribution Special Assessments & Other Contributions 2013 4,863,659 7,982,158 56.0% 1,389,379 766,655 185,461 46,450 4,472,846 2014 4,472,846 7,394,943 24.3% 3,536,114 825,693 0 31,176 1,793,602 2015 1,793,602 4,539,297 48.3% 465,711 846,335 0 19,839 2,194,065 2016 2,194,065 4,774,107 56.1% 406,668 867,493 0 24,245 2,679,134 2017 2,679,134 5,090,098 67.9% 142,525 889,180 0 30,525 3,456,314 2018 3,456,314 5,698,036 51.5% 1,464,958 911,409 0 31,795 2,934,560 2019 2,934,560 4,981,485 70.2% 389,384 920,523 0 32,001 3,497,700 2020 3,497,700 5,365,712 78.4% 258,421 929,728 0 38,334 4,207,341 2021 4,207,341 5,910,448 80.2% 447,802 939,025 0 44,530 4,743,093 2022 4,743,093 6,291,810 78.3% 813,447 948,415 0 48,106 4,926,167 2023 4,926,167 6,325,523 87.8% 379,680 957,899 0 52,153 5,556,539 2024 5,556,539 6,822,799 91.3% 352,061 967,478 0 58,642 6,230,598 2025 6,230,598 7,379,464 80.0% 1,364,877 977,153 0 60,367 5,903,241 2026 5,903,241 6,931,138 70.6% 2,053,939 986,925 0 53,697 4,889,925 2027 4,889,925 5,734,462 102.4% 70,957 996,794 0 53,528 5,869,291 2028 5,869,291 6,620,083 99.3% 357,225 1,001,778 0 61,916 6,575,759 2029 6,575,759 7,254,795 93.4% 874,019 1,006,787 0 66,421 6,774,949 2030 6,774,949 7,396,544 102.9% 247,550 1,011,821 0 71,571 7,610,791 2031 7,610,791 8,205,375 104.4% 144,350 1,016,880 0 80,471 8,563,791 2032 8,563,791 9,162,147 96.6% 817,275 1,021,964 0 86,661 8,855,142 2033 8,855,142 9,475,580 86.3% 1,791,397 1,027,074 0 84,730 8,175,549 2034 8,175,549 8,821,427 98.3% 616,217 1,032,209 0 83,835 8,675,377 2035 8,675,377 9,379,107 97.2% 680,124 1,037,370 0 88,540 9,121,163 2036 9,121,163 9,909,444 92.1% 1,125,410 1,042,557 0 90,797 9,129,107 2037 9,129,107 10,021,446 91.6% 1,086,615 1,047,770 0 91,097 9,181,359 2038 9,181,359 10,201,459 83.7% 1,786,302 1,053,009 0 88,147 8,536,213 2039 8,536,213 9,694,873 91.8% 785,306 1,058,274 0 86,727 8,895,908 2040 8,895,908 10,228,377 93.6% 472,657 1,063,565 0 91,914 9,578,730 2041 9,578,730 11,123,086 92.2% 494,986 1,068,883 0 98,657 10,251,284 2042 10,251,284 12,045,362 93.0% 228,440 1,074,227 0 106,742 11,203,812 Interest Ending Balance Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 21

Percent Funded Section IV-a Gateview 30 Year Reserve Funding Plan Cash Flow Method - Percent Funded 110 100 90 80 70 60 50 40 30 20 10 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 Years 1674 11/13/2013 12usvv4.4.73-513:trh. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 22

Section V Gateview Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Remaining Estimated Future Replacement Costs Per Year 2013 Fully Funded Balance 2014 Fully Funded Balance % Per Year Straight Line 2014 Line Item Contribution based on Cash Flow Method 00060 - Paint/Caulk/Waterproof/Refinish 040 - Waterproofing / Paint 389,787 Sq. Ft. Acrylic Paint Building Exterior[nr:1] 041 - Waterproofing / Paint 389,787 Sq. Ft. Elastomeric Paint Bldg Exterior 550,000 12 1 563,750 46,979 504,167 563,750 7.05% 58,211 550,000 12 25 1,019,669 39,218 21,154 22,550 5.89% 48,594 042 - Window Re-Caulking 200,000 12 1 205,000 17,083 183,333 205,000 2.56% 21,168 044 - Waterproofing Plaza Entry Paver & Area Drain Repair 048 - Plaza Waterproofing - Leak Detection [nr:1] 049 - Plaza Waterproofing - Leak Repairs [nr:1] 982 - Building Exterior Paint Removal (strip) [nr:1] 250,000 10 6 289,923 28,992 100,000 128,125 4.35% 35,924 5,000 20 3 5,384 269 4,250 4,613 0.04% 334 38,076 20 4 42,029 2,101 30,461 33,174 0.32% 2,604 1,076,891 30 13 1,484,506 49,484 610,238 662,288 7.43% 61,314 Sub-total [00060 - Paint/Caulk/Waterproof/Refinish] 2,669,967 3,610,261 184,127 1,453,603 1,619,499 27.63% 228,148 00062 - Mailboxes 014 - Mailboxes D/F Building 015 - Mailboxes C/J Building 016 - Mailboxes A/B Building 12,000 25 10 15,361 614 7,200 7,872 0.09% 761 10,000 25 10 12,801 512 6,000 6,560 0.08% 634 10,000 25 10 12,801 512 6,000 6,560 0.08% 634 Sub-total [00062 - Mailboxes] 32,000 40,963 1,639 19,200 20,992 0.25% 2,030 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 23

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Remaining Estimated Future Replacement Costs Per Year 2013 Fully Funded Balance 2014 Fully Funded Balance % Per Year Straight Line 2014 Line Item Contribution based on Cash Flow Method 00100 - Mechanical Equipment - Domestic Water 130 - Valves Main 132 - Floor Isolation Valve 196 140 - Boilers Boiler #2 Replace 141 - Boilers Boiler #3 Replace 142 - Boilers Boiler #1 Replace 16,153 5 2 16,971 3,394 9,692 13,246 0.51% 4,206 174,133 25 16 258,502 10,340 62,688 71,395 1.55% 12,812 66,533 20 19 106,362 5,318 3,327 6,820 0.80% 6,590 29,000 20 19 46,361 2,318 1,450 2,973 0.35% 2,872 66,625 20 3 71,748 3,587 56,631 61,462 0.54% 4,445 143 - Boiler Insulation 4,561 20 19 7,291 365 228 467 0.05% 452 149 - Boiler Fencing 3,500 20 2 3,677 184 3,150 3,408 0.03% 228 160 - Booster Pumps 7 180 - Circulation Pumps 4 (50%) 181 - Circulation Pumps 4 (50%) 224 - Backflow Preventor Plaza 225 - Backflow Preventor Pierce 902 - Leak Repair/Pipe Replace Interior Building 904 - Plumbing Survey/Inspection Report (33%)[nr:1] Sub-total [00100 - Mechanical Equipment - Domestic Water] 25,065 20 5 28,358 1,418 18,798 20,553 0.21% 1,757 1,330 15 5 1,505 100 887 1,000 0.02% 124 1,330 15 14 1,879 125 89 182 0.02% 155 20,000 30 21 33,592 1,120 6,000 6,833 0.17% 1,387 20,000 30 3 21,538 718 18,000 19,133 0.11% 890 30,000 5 2 31,519 6,304 18,000 24,600 0.95% 7,811 5,384 2 1 5,519 2,760 2,692 5,519 0.41% 3,419 463,614 634,821 38,051 201,632 237,590 5.71% 47,148 00102 - Mechanical Equipment - HVAC / Ventilation 040 - Hydronic System Specifications 00104 - Mechanical Equipment - Trash 102 - Trash Chutes (Repair) Chute/Misc. Door Repair (5%) 5,731 20 19 9,162 458 287 587 0.07% 568 3,904 5 0 3,904 781 3,904 800 0.12% 967 109 - Trash Compactor Replace 60,000 30 15 86,898 2,897 30,000 32,800 0.43% 3,589 130 - Trash/Recycle Bins 10 20,000 10 7 23,774 2,377 6,000 8,200 0.36% 2,946 Sub-total [00104 - Mechanical Equipment - Trash] 83,904 114,575 6,055 39,904 41,800 0.91% 7,502 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 24

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Remaining Estimated Future Replacement Costs Per Year 2013 Fully Funded Balance 2014 Fully Funded Balance % Per Year Straight Line 2014 Line Item Contribution based on Cash Flow Method 00106 - Mechanical Equip. - Fire Safety/Alarm System 146 - Main Pumps 3 Replace 37,153 40 4 41,010 1,025 33,437 35,225 0.15% 1,270 148 - Sprinkler System Repair 8,400 5 4 9,272 1,854 1,680 3,444 0.28% 2,298 236 - Miscellaneous System Repair/Retrofit Sub-total [00106 - Mechanical Equip. - Fire Safety/Alarm System] 14,204 30 29 29,068 969 473 971 0.15% 1,201 59,757 79,349 3,849 35,591 39,640 0.58% 4,769 00110 - Mechanical Equipment - Security System 100 - Entry Access System [se:2] 105 - Surveillance Cameras (18%) 106 - Surveillance Cameras (40.9%) 107 - Surveillance Cameras (40.9%) 136,765 15 0 138,475 9,232 132,206 74,765 1.39% 11,439 35,000 20 0 17,500 875 35,000 1,794 0.13% 1,084 78,500 20 1 40,231 2,012 74,575 80,462 0.30% 2,492 78,500 20 2 41,237 2,062 70,650 76,439 0.31% 2,555 118 - Backup Batteries 3,231 15 0 3,231 215 3,231 221 0.03% 267 Sub-total [00110 - Mechanical Equipment - Security System] 331,995 240,673 14,395 315,661 233,681 2.16% 17,837 00112 - Mechanical Equipment - Garage Ventilation 114 - Ventilation Fans 2 00114 - Mechanical Equip. - Safety System 8,938 10 5 10,113 1,011 4,469 5,497 0.15% 1,253 001 - Central Panel 405,846 30 0 202,923 6,764 405,846 13,866 1.02% 8,381 002 - Central Panel 1,014,794 30 1 520,082 17,336 980,968 1,040,164 2.60% 21,481 003 - Keltron System 36,614 20 12 49,242 2,462 14,646 16,888 0.37% 3,051 004 - Smoke Detectors 487 006 - Consultant Safety/Fire/Comm/Security[nr:1] 007 - Consultant Safety/Fire/Comm/Security[nr:1] Sub-total [00114 - Mechanical Equip. - Safety System] 26,222 10 3 14,119 1,412 18,356 21,502 0.21% 1,749 78,971 5 0 0 0 78,971 0 0.00% 0 78,971 5 1 40,473 8,095 63,177 80,945 1.21% 10,030 1,641,419 826,839 36,069 1,561,963 1,173,366 5.41% 44,692 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 25

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Remaining Estimated Future Replacement Costs Per Year 2013 Fully Funded Balance 2014 Fully Funded Balance % Per Year Straight Line 2014 Line Item Contribution based on Cash Flow Method 00116 - Mechanical Equip. - Safety Emergency Syst. 001 - Generator Replacement 002 - Fuel Tank (Generator) Replacement 020 - Fire Pump Indicator Panel (Generator) [se:2] Sub-total [00116 - Mechanical Equip. - Safety Emergency Syst.] 50,613 25 19 80,913 3,237 12,147 14,526 0.49% 4,010 105,575 30 0 105,575 3,519 105,575 3,607 0.53% 4,361 6,200 5 3 6,760 1,352 1,860 3,178 0.20% 1,675 162,388 193,248 8,108 119,582 21,311 1.22% 10,046 01000 - Paving 100 - Repairs 6,360 Sq. Ft. Repair/Seal/Re-Stripe 310 - Asphalt: Resurface 6,360 Sq. Ft. 5,137 5 1 5,265 1,053 4,109 5,265 0.16% 1,305 27,396 25 16 40,670 1,627 9,863 11,232 0.24% 2,016 Sub-total [01000 - Paving] 32,533 45,935 2,680 13,972 16,498 0.40% 3,321 02000 - Concrete (Partial Replacement) 240 - Walkways/Drives 5,384 2 1 5,519 2,760 2,692 5,519 0.41% 3,419 400 - Pool Deck Re-Coat 30,000 15 3 32,307 2,154 24,000 26,650 0.32% 2,669 Sub-total [02000 - Concrete (Partial Replacement)] 35,384 37,826 4,913 26,692 32,169 0.74% 6,088 03200 - Waterproofing 125 - Planter Areas Repair 3,000 Sq. Ft. Atrium's (5.6%) 130 - Garage Slab Leak Inspection [nr:1] 132 - Garage Slab Leak Repair [nr:1] 10,000 20 18 15,596 780 1,000 1,537 0.12% 966 7,500 30 1 7,688 256 7,250 7,688 0.04% 318 45,000 30 1 46,125 1,538 43,500 46,125 0.23% 1,905 Sub-total [03200 - Waterproofing] 62,500 69,409 2,574 51,750 55,350 0.39% 3,189 03500 - Painting: Interior 101 - Common Areas / Stairwells 216,782 Sq. Ft. 04000 - Structural Repairs/Replacement 996 - Miscellaneous F Building Emergency Exit[nr:1] 200,000 9 1 205,000 22,778 177,778 205,000 3.42% 28,223 8,500 20 1 8,713 436 8,075 8,713 0.07% 540 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 26

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Remaining Estimated Future Replacement Costs Per Year 2013 Fully Funded Balance 2014 Fully Funded Balance % Per Year Straight Line 2014 Line Item Contribution based on Cash Flow Method 05000 - Roofing 050 - Roof Deck Replacement AB Plaza Entry 25,702 15 14 36,316 2,421 1,713 3,513 0.36% 3,000 088 - Roof Drainage 1,358 30 29 2,780 93 45 93 0.01% 115 100 - Low Slope: Tar & Gravel A Bldg. 101 - Low Slope: Tar & Gravel B Bldg. 102 - Low Slope:Duro-Last C Bldg. 103 - Low Slope:Duro-Last D Bldg. 104 - Low Slope: Tar & Gravel E Bldg. 105 - Low Slope:Duro-Last F Bldg. 106 - Low Slope:Duro-Last J Bldg. 240 - Low Slope: Tar & Gravel 2,000 Sq. Ft. Clubhouse 308,106 15 9 384,782 25,652 123,242 147,377 3.85% 31,785 264,140 15 9 329,874 21,992 105,656 126,347 3.30% 27,249 365,680 15 5 413,733 27,582 243,786 274,869 4.14% 34,176 365,680 15 5 413,733 27,582 243,786 274,869 4.14% 34,176 325,049 15 8 396,040 26,403 151,689 177,693 3.96% 32,715 107,689 15 5 121,840 8,123 71,793 80,946 1.22% 10,065 86,152 15 5 97,473 6,498 57,435 64,758 0.98% 8,052 21,322 15 2 22,402 1,493 18,479 20,398 0.22% 1,851 900 - Roofing: Inspections & Repairs 5,932 4 3 6,388 1,597 1,483 3,040 0.24% 1,979 Sub-total [05000 - Roofing] 1,876,810 2,225,363 149,436 1,019,109 1,173,904 22.43% 185,163 08000 - Re-Model / Upgrade 200 - Security Office [nr:1] 250 - Laundry Room 2 15,000 15 1 15,375 1,025 14,000 15,375 0.15% 1,270 9,000 15 10 11,521 768 3,000 3,690 0.12% 952 Sub-total [08000 - Re-Model / Upgrade] 24,000 26,896 1,793 17,000 19,065 0.27% 2,222 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 27

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Remaining Estimated Future Replacement Costs Per Year 2013 Fully Funded Balance 2014 Fully Funded Balance % Per Year Straight Line 2014 Line Item Contribution based on Cash Flow Method 11000 - Gate Equipment / Entry System 270 - Roll-Up Gate 6 Garbage Room/B Dock 780 - Pedestrian Gate A dock 781 - Auto Gate 3 Driv. Assy 782 - Auto Gate 3 G-1, G-2 Res, G-2 Vis 21,000 25 15 30,414 1,217 8,400 9,471 0.18% 1,507 5,384 15 12 7,241 483 1,077 1,472 0.07% 598 12,438 5 0 12,438 2,488 12,438 2,550 0.37% 3,082 16,153 10 8 19,681 1,968 3,231 4,967 0.30% 2,439 784 - Security Gate 5,384 15 12 7,241 483 1,077 1,472 0.07% 598 804 - Safety Loops 2 8,292 25 0 8,292 332 8,292 340 0.05% 411 Sub-total [11000 - Gate Equipment / Entry System] 68,652 85,309 6,970 34,515 20,271 1.05% 8,636 12000 - Pool 100 - Re-plaster 984 Sq. Ft. 701 - Equipment Repair Miscellaneous 30,000 10 6 34,791 3,479 12,000 15,375 0.52% 4,311 3,436 10 9 4,291 429 344 704 0.06% 532 702 - Filter 1,564 10 4 1,726 173 938 1,122 0.03% 214 704 - Chlorinator 3,741 5 2 3,931 786 2,245 3,068 0.12% 974 706 - Pumps 2 Solar Pumps 1,615 10 7 1,920 192 485 662 0.03% 238 720 - Heater 9,096 12 11 11,934 995 758 1,554 0.15% 1,232 900 - Pool Cover 2,545 7 6 2,951 422 364 745 0.06% 522 904 - Miscellaneous Skimmer & Lights 5,384 10 8 6,560 656 1,077 1,656 0.10% 813 Sub-total [12000 - Pool] 57,381 68,104 7,131 18,209 24,886 1.07% 8,836 13000 - Spa 180 - Repairs Replacement 780 - Heater Heater & Pumps 21,500 20 2 22,589 1,129 19,350 20,936 0.17% 1,399 975 12 11 1,280 107 81 167 0.02% 132 Sub-total [13000 - Spa] 22,475 23,868 1,236 19,431 21,102 0.19% 1,532 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 28

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Remaining Estimated Future Replacement Costs Per Year 2013 Fully Funded Balance 2014 Fully Funded Balance % Per Year Straight Line 2014 Line Item Contribution based on Cash Flow Method 14000 - Recreation / Fitness Equipment 100 - Sauna: Heaters 1,890 3 1 1,937 646 1,260 1,937 0.10% 800 140 - Sauna: Wood Replacement Fund Interior 290 - Miscellaneous Exercise Equipment (10%) 6,461 10 8 7,873 787 1,292 1,987 0.12% 975 3,554 3 1 3,643 1,214 2,369 3,643 0.18% 1,504 Sub-total [14000 - Recreation / Fitness Equipment] 11,905 13,452 2,647 4,921 7,567 0.40% 3,280 17000 - Tennis Court 500 - Seal Coat 6,000 5 3 6,461 1,292 2,400 3,690 0.19% 1,601 550 - Resurface 25,000 25 23 44,115 1,765 2,000 3,075 0.26% 2,186 Sub-total [17000 - Tennis Court] 31,000 50,577 3,057 4,400 6,765 0.46% 3,788 18000 - Landscaping 902 - Irrigation North Plaza, Hillside (13.7%) 903 - Irrigation Driveway, Pierce St. (28%) 904 - Irrigation South Plaza (28%) 905 - Irrigation Plaza Lawns 13,500 30 0 6,750 225 13,500 461 0.03% 279 27,593 30 2 14,495 483 25,754 27,340 0.07% 599 27,593 30 3 14,858 495 24,834 26,398 0.07% 614 30,000 30 4 16,557 552 26,000 27,675 0.08% 684 908 - Plants 25,000 10 0 12,500 1,250 25,000 2,563 0.19% 1,549 909 - Plants 25,000 10 2 13,133 1,313 20,000 23,063 0.20% 1,627 Sub-total [18000 - Landscaping] 148,686 78,292 4,319 135,087 107,499 0.65% 5,351 19000 - Fencing (Repair/Replace) 050 - Chain Link 950 Lin. Ft. 200 - Wrought Iron Pool Fence 600 - Wrought Iron All W/I Fencing and Railings 991 - Miscellaneous Patio Fence Replacement Fund 992 - Miscellaneous 728 Lin. Ft. Tennis court fence 27,858 20 17 42,389 2,119 4,179 5,711 0.32% 2,626 17,907 20 19 28,627 1,431 895 1,835 0.21% 1,774 5,384 2 0 5,384 2,692 5,384 2,760 0.40% 3,336 50,799 20 19 81,210 4,060 2,540 5,207 0.61% 5,031 22,853 25 12 30,735 1,229 11,884 13,118 0.18% 1,523 Sub-total [19000 - Fencing (Repair/Replace)] 124,801 188,344 11,533 24,882 28,630 1.73% 14,290 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 29

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Remaining Estimated Future Replacement Costs Per Year 2013 Fully Funded Balance 2014 Fully Funded Balance % Per Year Straight Line 2014 Line Item Contribution based on Cash Flow Method 22000 - Office Equipment / Furnishings 702 - Carpet Carpet/Paint 6,461 10 1 6,623 662 5,815 6,623 0.10% 821 704 - Furnishings 4,738 12 2 4,978 415 3,949 4,452 0.06% 514 706 - Equipment 5,923 3 3 6,378 1,595 1,481 2,024 0.24% 1,976 Sub-total [22000 - Office Equipment / Furnishings] 17,123 17,979 2,672 11,245 13,099 0.40% 3,310 23000 - Misc. Mechanical Equipment 990 - Miscellaneous Tomcat 250 Floor Cleaner 23500 - Elevator 100 - Cab Refurbish / Upgrade 7 Traction Elevators (50%) 101 - Cab Refurbish / Upgrade 7 Traction Elevators (50%) 102 - Cab Refurbish / Upgrade Hydraulic Garage Elevator 200 - System Modernization Traction Elevators 201 - System Modernization Traction Elevators 203 - System Modernization Garage Hydraulic Elevator 204 - System Modernization B Dock Freight Elevator 10,000 10 3 10,769 1,077 7,000 8,200 0.16% 1,334 87,500 25 0 43,750 1,750 87,500 3,588 0.26% 2,168 85,366 25 1 43,750 1,750 81,951 87,500 0.26% 2,168 15,000 25 5 8,486 339 12,000 12,915 0.05% 421 359,775 30 0 179,888 5,996 359,775 12,292 0.90% 7,430 828,707 30 1 424,712 14,157 801,084 849,425 2.12% 17,542 100,000 25 5 56,570 2,263 80,000 86,100 0.34% 2,804 150,000 25 5 84,856 3,394 120,000 129,150 0.51% 4,206 Sub-total [23500 - Elevator] 1,626,348 842,012 29,650 1,542,310 1,180,970 4.45% 36,738 24000 - Common Area Furnishings / Equipment 102 - Lobby 9,746 20 6 11,302 565 6,822 7,492 0.08% 700 920 - Pool/Patio Furnishings 3,436 5 0 3,436 687 3,436 704 0.10% 851 100 - Miscellaneous Microphones Sub-total [24000 - Common Area Furnishings / Equipment] 2,055 10 9 2,566 257 206 421 0.04% 318 15,236 17,304 1,509 10,463 8,618 0.23% 1,870 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 30

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Remaining Estimated Future Replacement Costs Per Year 2013 Fully Funded Balance 2014 Fully Funded Balance % Per Year Straight Line 2014 Line Item Contribution based on Cash Flow Method 24500 - Electrical 200 - Building Exterior Lighting Ext. Bldg including Pierce Street (25%) 201 - Corridor Lighting Interior 22,884 5 1 11,728 2,346 18,307 23,456 0.35% 2,906 92,516 20 7 109,972 5,499 60,135 66,380 0.83% 6,813 202 - Garage Lighting 100,000 10 3 107,689 10,769 70,000 82,000 1.62% 13,344 206 - Lighting Plaza Area 207 - Lighting East Hillside 208 - Lighting Driveway 900 - Miscellaneous Atrium Lighting 901 - Miscellaneous Lobby Chandeliers 60,000 20 0 60,000 3,000 60,000 3,075 0.45% 3,717 19,000 20 0 19,000 950 19,000 974 0.14% 1,177 30,000 20 2 31,519 1,576 27,000 29,213 0.24% 1,953 3,716 10 9 4,641 464 372 762 0.07% 575 6,000 20 1 6,150 308 5,700 6,150 0.05% 381 Sub-total [24500 - Electrical] 334,115 350,698 24,911 260,514 212,009 3.74% 30,866 25000 - Flooring 200 - Carpeting 6,150 Sq. Yds. Carpet Tiles @ corridor (50%) 201 - Carpeting 6,150 Sq. Yds. Carpet Tiles @ corridor (50%) 400 - Tile Bathrooms 401 - Miscellaneous Tile & Vinyl 402 - Miscellaneous Carpet Runners @ Lobby 175,837 10 1 180,233 18,023 158,254 180,233 2.70% 22,332 175,837 10 2 184,739 18,474 140,670 162,210 2.77% 22,891 5,673 20 19 9,070 453 284 582 0.07% 562 17,769 10 3 19,135 1,913 12,438 14,570 0.29% 2,371 6,330 10 9 7,906 791 633 1,298 0.12% 980 Sub-total [25000 - Flooring] 381,447 401,083 39,655 312,278 358,893 5.95% 49,135 25500 - Wallcoverings 602 - Sheet Metal 3 Garbage Rooms 7,500 20 5 8,486 424 5,625 6,150 0.06% 526 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 31

Section VI Gateview Component Listing Included Components 00060 - Paint/Caulk/Waterproof/Refinish 040 - Waterproofing / Paint 389,787 Sq. Ft. Acrylic Paint Building Exterior 12 Quantity 389,787 Unit of Measure Square Feet Cost /SqFt $1.41 100.00% 1 Total Cost/Study Treatment [nr:1] $550,000 Replacement Year 2014 Future Cost $563,750 041 - Waterproofing / Paint 389,787 Sq. Ft. Elastomeric Paint Bldg Exterior 12 Quantity 389,787 Unit of Measure Square Feet Cost /SqFt $1.41 25 100.00% Total Cost/Study $550,000 Replacement Year 2038 Future Cost $1,019,669 This is to paint the entire exterior of the complex and provides for all rigging and access, thorough preparation and one coat of top quality Sherwin Williams duration paint to all exterior painted surfaces, including stairwells. This painting cycle will commence twelve years after the total re-stripping of the building exterior paint included in line item 982 within this category. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 33

Component Listing Included Components 00060 - Paint/Caulk/Waterproof/Refinish 042 - Window Re-Caulking 12 Quantity 1 Unit of Measure Fund Cost /Fnd $200,000 100.00% Total Cost/Study $200,000 Replacement Year 2014 Future Cost $205,000 1 This is to recaulk the window perimeters and provides for all rigging and access to remove the existing sealant from the window perimeters and replace it with a top quality urethane sealant. 044 - Waterproofing Plaza Entry Paver & Area Drain Repair Quantity 1 Unit of Measure Fund 10 Cost /Fnd $250,000 100.00% Total Cost/Study $250,000 Replacement Year 2019 Future Cost $289,923 6 048 - Plaza Waterproofing - Leak Detection 20 Quantity 1 Unit of Measure Fund Cost /Fnd $5,000 100.00% 3 Total Cost/Study Treatment [nr:1] $5,000 Replacement Year 2016 Future Cost $5,384 049 - Plaza Waterproofing - Leak Repairs 20 Quantity 1 Unit of Measure Fund Cost /Fnd $38,076 100.00% 4 Total Cost/Study Treatment [nr:1] $38,076 Replacement Year 2017 Future Cost $42,029 982 - Building Exterior Paint Removal (strip) 30 Quantity 1 Unit of Measure Fund Cost /Fnd $1,076,891 100.00% 13 Total Cost/Study Treatment [nr:1] $1,076,891 Replacement Year 2026 Future Cost $1,484,505 This is to completely strip and re-paint the building exterior. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 34

Component Listing Included Components 00062 - Mailboxes 014 - Mailboxes D/F Building Quantity 1 Unit of Measure Fund 25 Cost /Fnd $12,000 10 100.00% Total Cost/Study $12,000 Replacement Year 2023 Future Cost $15,361 015 - Mailboxes C/J Building Quantity 1 Unit of Measure Fund 25 Cost /Fnd $10,000 10 100.00% Total Cost/Study $10,000 Replacement Year 2023 Future Cost $12,801 016 - Mailboxes A/B Building Quantity 1 Unit of Measure Fund 25 Cost /Fnd $10,000 10 100.00% Total Cost/Study $10,000 Replacement Year 2023 Future Cost $12,801 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 35

Component Listing Included Components 00100-130 - Valves Mechanical Equipment - Domestic Water Main Quantity 1 Unit of Measure Items 5 Cost /Itm $16,153 100.00% Total Cost/Study $16,153 Replacement Year 2015 Future Cost $16,971 2 132 - Floor Isolation Valve 196 Quantity 196 Unit of Measure Items 25 Cost /Itm $888 16 100.00% Total Cost/Study $174,133 Replacement Year 2029 Future Cost $258,502 140 - Boilers Boiler #2 Replace Quantity 1 Unit of Measure Items 20 Cost /Itm $66,533 19 100.00% Total Cost/Study $66,533 Replacement Year 2032 Future Cost $106,362 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 36

Component Listing Included Components 00100-141 - Boilers Mechanical Equipment - Domestic Water Boiler #3 Replace Quantity 1 Unit of Measure Items 20 Cost /Itm $29,000 19 100.00% Total Cost/Study $29,000 Replacement Year 2032 Future Cost $46,361 142 - Boilers Boiler #1 Replace Quantity 1 Unit of Measure Items 20 Cost /Itm $66,625 100.00% Total Cost/Study $66,625 Replacement Year 2016 Future Cost $71,748 3 143 - Boiler Insulation 20 Quantity 1 Unit of Measure Fund Cost /Fnd $4,561 19 100.00% Total Cost/Study $4,561 Replacement Year 2032 Future Cost $7,291 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 37

Component Listing Included Components 00100 - Mechanical Equipment - Domestic Water 149 - Boiler Fencing 20 Quantity 1 Unit of Measure Lump Sum Cost /LS $3,500 100.00% Total Cost/Study $3,500 Replacement Year 2015 Future Cost $3,677 2 160 - Booster Pumps 7 Quantity 7 Unit of Measure Items 20 Cost /Itm $3,581 100.00% Total Cost/Study $25,065 Replacement Year 2018 Future Cost $28,358 5 180 - Circulation Pumps 4 (50%) Quantity 4 Unit of Measure Unit 15 Cost /Ut $665 Qty * $/Ut $2,660 50.00% Total Cost/Study $1,330 Replacement Year 2018 Future Cost $1,505 5 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 38

Component Listing Included Components 00100 - Mechanical Equipment - Domestic Water 181 - Circulation Pumps 4 (50%) Quantity 4 Unit of Measure Unit 15 Cost /Ut $665 Qty * $/Ut $2,660 14 50.00% Total Cost/Study $1,330 Replacement Year 2027 Future Cost $1,879 224 - Backflow Preventor Plaza Quantity 1 Unit of Measure Items 30 Cost /Itm $20,000 21 100.00% Total Cost/Study $20,000 Replacement Year 2034 Future Cost $33,592 225 - Backflow Preventor Pierce Quantity 1 Unit of Measure Items 30 Cost /Itm $20,000 100.00% Total Cost/Study $20,000 Replacement Year 2016 Future Cost $21,538 This is to bring the 2nd backflow prevention device up to code by moving it from below grade to above grade. 3 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 39

Component Listing Included Components 00100 - Mechanical Equipment - Domestic Water 902 - Leak Repair/Pipe Replace Interior Building Quantity 1 Unit of Measure Fund 5 Cost /Fnd $30,000 100.00% Total Cost/Study $30,000 Replacement Year 2015 Future Cost $31,519 2 904 - Plumbing Survey/Inspection Report (33%) Quantity 1 Unit of Measure Fund 2 Cost /Fnd $16,153 Qty * $/Fnd $16,153 33.33% 1 Total Cost/Study Treatment [nr:1] $5,384 Replacement Year 2014 Future Cost $5,519 00102 - Mechanical Equipment - HVAC / Ventilation 040 - Hydronic System Specifications Quantity 1 Unit of Measure Lump Sum 20 Cost /LS $5,731 19 100.00% Total Cost/Study $5,731 Replacement Year 2032 Future Cost $9,162 This is for the work performed by Gregory Booth Engineering in fiscal year 2012 which includes specifications for the circulation pumps, domestic water pressurization system and new boilers. Replacement of these components is not included in this line item. 00104 - Mechanical Equipment - Trash 102 - Trash Chutes (Repair) Chute/Misc. Door Repair (5%) Quantity 1 Unit of Measure Lump Sum 5 Cost /LS $78,075 Qty * $/LS $78,075 5.00% Total Cost/Study $3,904 Replacement Year 2013 Future Cost $3,904 0 109 - Trash Compactor Replace 30 Quantity 1 Unit of Measure Items Cost /Itm $60,000 15 100.00% Total Cost/Study $60,000 Replacement Year 2028 Future Cost $86,898 This is to replace the existing trash compactor. 130 - Trash/Recycle Bins 10 Quantity 10 Unit of Measure Items 10 Cost /Itm $2,000 100.00% Total Cost/Study $20,000 Replacement Year 2020 Future Cost $23,774 7 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 40

Component Listing Included Components 00106-146 - Main Pumps Mechanical Equip. - Fire Safety/Alarm System 3 Replace Quantity 3 Unit of Measure Items 40 Cost /Itm $12,384 100.00% Total Cost/Study $37,153 Replacement Year 2017 Future Cost $41,010 4 148 - Sprinkler System Repair 5 Quantity 1 Unit of Measure Fund Cost /Fnd $8,400 100.00% Total Cost/Study $8,400 Replacement Year 2017 Future Cost $9,272 4 236 - Miscellaneous System Repair/Retrofit Quantity 1 Unit of Measure Fund 30 Cost /Fnd $14,204 29 100.00% Total Cost/Study $14,204 Replacement Year 2042 Future Cost $29,068 This is for the system repair/retrofit completed by AECO Systems Inc. in 2012. 00110 - Mechanical Equipment - Security System 100 - Entry Access System 15 Quantity 1 Unit of Measure Unit Cost /Ut $136,765 100.00% 0 Total Cost/Study Treatment [se:2] $136,765 Replacement Year 2013 Future Cost $138,475 105 - Surveillance Cameras (18%) Quantity 1 Unit of Measure Fund 20 Cost /Fnd $192,030 Qty * $/Fnd $192,030 18.23% Total Cost/Study $35,000 Replacement Year 2013 Future Cost $35,000 0 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 41

Component Listing Included Components 00110 - Mechanical Equipment - Security System 106 - Surveillance Cameras (40.9%) Quantity 1 Unit of Measure Fund 20 Cost /Fnd $192,030 Qty * $/Fnd $192,030 40.88% Total Cost/Study $78,500 Replacement Year 2014 Future Cost $80,462 1 107 - Surveillance Cameras (40.9%) Quantity 1 Unit of Measure Fund 20 Cost /Fnd $192,030 Qty * $/Fnd $192,030 40.88% Total Cost/Study $78,500 Replacement Year 2015 Future Cost $82,474 2 118 - Backup Batteries 15 Quantity 1 Unit of Measure Fund Cost /Fnd $3,231 100.00% Total Cost/Study $3,231 Replacement Year 2013 Future Cost $3,231 0 00112 - Mechanical Equipment - Garage Ventilation 114 - Ventilation Fans 2 Quantity 2 Unit of Measure Items 10 Cost /Itm $4,469 100.00% Total Cost/Study $8,938 Replacement Year 2018 Future Cost $10,113 5 00114 - Mechanical Equip. - Safety System 001 - Central Panel 30 Quantity 1 Unit of Measure Fund Cost /Fnd $405,846 100.00% Total Cost/Study $405,846 Replacement Year 2013 Future Cost $405,846 0 002 - Central Panel 30 Quantity 1 Unit of Measure Fund Cost /Fnd $1,014,794 100.00% Total Cost/Study $1,014,794 Replacement Year 2014 Future Cost $1,040,164 1 003 - Keltron System 20 Quantity 1 Unit of Measure Fund Cost /Fnd $36,614 12 100.00% Total Cost/Study $36,614 Replacement Year 2025 Future Cost $49,242 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 42

Component Listing Included Components 00114 - Mechanical Equip. - Safety System 004 - Smoke Detectors 487 Quantity 487 Unit of Measure Items 10 Cost /Itm $53.84 100.00% Total Cost/Study $26,222 Replacement Year 2016 Future Cost $28,239 3 006 - Consultant Safety/Fire/Comm/Security Quantity 1 Unit of Measure Fund 5 Cost /Fnd $78,971 100.00% 0 Total Cost/Study Treatment [nr:1] $78,971 Replacement Year 2013 Future Cost $78,971 007 - Consultant Safety/Fire/Comm/Security Quantity 1 Unit of Measure Fund 5 Cost /Fnd $78,971 100.00% 1 Total Cost/Study Treatment [nr:1] $78,971 Replacement Year 2014 Future Cost $80,945 00116-001 - Generator Mechanical Equip. - Safety Emergency Syst. Replacement Quantity 1 Unit of Measure Unit 25 Cost /Ut $50,613 19 100.00% Total Cost/Study $50,613 Replacement Year 2032 Future Cost $80,913 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 43

Component Listing Included Components 00116 - Mechanical Equip. - Safety Emergency Syst. 002 - Fuel Tank (Generator) Replacement Quantity 1 Unit of Measure Fund Fuel tank - Generator replacement to occur in 2013. 30 Cost /Fnd $105,575 100.00% Total Cost/Study $105,575 Replacement Year 2013 Future Cost $105,575 0 020 - Fire Pump Indicator Panel (Generator) 5 Quantity 1 Unit of Measure Unit Cost /Ut $6,200 100.00% 3 Total Cost/Study Treatment [se:2] $6,200 Replacement Year 2016 Future Cost $6,760 01000 - Paving 100 - Repairs 6,360 Sq. Ft. Repair/Seal/Re-Stripe Quantity 6,360 Unit of Measure Square Feet 5 Cost /SqFt $0.808 100.00% Total Cost/Study $5,137 Replacement Year 2014 Future Cost $5,265 1 310 - Asphalt: Resurface 6,360 Sq. Ft. Quantity 6,360 Unit of Measure Square Feet 25 Cost /SqFt $4.31 16 100.00% Total Cost/Study $27,396 Replacement Year 2029 Future Cost $40,670 This is to completely grind the roadway and install new hot asphalt on to the new surface. 02000 - Concrete (Partial Replacement) 240 - Walkways/Drives 2 Quantity 1 Unit of Measure Fund Cost /Fnd $5,384 100.00% Total Cost/Study $5,384 Replacement Year 2014 Future Cost $5,519 1 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 44

Component Listing Included Components 02000-400 - Pool Deck Concrete (Partial Replacement) Re-Coat Quantity 1 Unit of Measure Lump Sum 15 Cost /LS $30,000 100.00% Total Cost/Study $30,000 Replacement Year 2016 Future Cost $32,307 3 03200 - Waterproofing 125 - Planter Areas Repair 3,000 Sq. Ft. Atrium's (5.6%) Quantity 3,000 Unit of Measure Square Feet 20 Cost /SqFt $60.00 Qty * $/SqFt $180,000 18 5.56% Total Cost/Study $10,000 Replacement Year 2031 Future Cost $15,596 This is to waterproof the planters located in the atrium areas. This cost includes fees associated with excavation, cleaning, waterproofing and re-planting. 130 - Garage Slab Leak Inspection 30 Quantity 1 Unit of Measure Fund Cost /Fnd $7,500 100.00% 1 Total Cost/Study Treatment [nr:1] $7,500 Replacement Year 2014 Future Cost $7,688 This is a one time expense to perform garage slab leak inspections. 132 - Garage Slab Leak Repair 30 Quantity 1 Unit of Measure Fund Cost /Fnd $45,000 100.00% 1 Total Cost/Study Treatment [nr:1] $45,000 Replacement Year 2014 Future Cost $46,125 This is a one time expense for the performance of garage slab repairs. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 45

Component Listing Included Components 03500 - Painting: Interior 101 - Common Areas / Stairwells 216,782 Sq. Ft. Quantity 216,782 Unit of Measure Square Feet 9 Cost /SqFt $0.923 100.00% Total Cost/Study $200,000 Replacement Year 2014 Future Cost $205,000 This is to paint the interior common areas including hallways, ceilings, walls and trim. This cost includes fees associated with the completion of a second coat to walls and ceilings. 1 04000 - Structural Repairs/Replacement 996 - Miscellaneous F Building Emergency Exit Quantity 1 Unit of Measure Lump Sum 20 Cost /LS $8,500 100.00% 1 Total Cost/Study Treatment [nr:1] $8,500 Replacement Year 2014 Future Cost $8,713 This is to remove/replace the existing wood emergency exit at the F building roof with a walk pad system. Future repair/replacement will be included in the roofing replacement line item. Therefore, this line item is scheduled for 2014 only and will not repeat. 05000 - Roofing 050 - Roof Deck Replacement AB Plaza Entry Quantity 1 Unit of Measure Fund 15 Cost /Fnd $25,702 14 100.00% Total Cost/Study $25,702 Replacement Year 2027 Future Cost $36,316 This is for the replacement of the roof deck and railings at the AB Plaza Entry. 088 - Roof Drainage 30 Quantity 1 Unit of Measure Fund Cost /Fnd $1,358 29 100.00% Total Cost/Study $1,358 Replacement Year 2042 Future Cost $2,780 This is for the roof drain that was new as of 2012 and installed by Ronald J. Loar. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 46

Component Listing Included Components 05000 - Roofing 100 - Low Slope: Tar & Gravel A Bldg. Quantity 1 Unit of Measure Building This is to re-roof with a tar & gravel roofing product. 15 Cost /Bldg $308,106 100.00% Total Cost/Study $308,106 Replacement Year 2022 Future Cost $384,782 9 101 - Low Slope: Tar & Gravel B Bldg. Quantity 1 Unit of Measure Building This is to re-roof with a tar & gravel roofing product. 15 Cost /Bldg $264,140 100.00% Total Cost/Study $264,140 Replacement Year 2022 Future Cost $329,874 9 102 - Low Slope:Duro-Last C Bldg. Quantity 1 Unit of Measure Building This is to re-roof with a Duro-last roofing product. 15 Cost /Bldg $365,680 100.00% Total Cost/Study $365,680 Replacement Year 2018 Future Cost $413,733 5 103 - Low Slope:Duro-Last D Bldg. Quantity 1 Unit of Measure Building This is to re-roof with a Duro-last roofing product. 15 Cost /Bldg $365,680 100.00% Total Cost/Study $365,680 Replacement Year 2018 Future Cost $413,733 5 104 - Low Slope: Tar & Gravel E Bldg. Quantity 1 Unit of Measure Building This is to re-roof with a tar & gravel roofing product. Version 11/13/2013 3:32:58 PM 15 Cost /Bldg $325,049 100.00% Total Cost/Study $325,049 Replacement Year 2021 Future Cost $396,040 Richard Avelar & Associates 2013 47 8

Component Listing Included Components 05000 - Roofing 105 - Low Slope:Duro-Last F Bldg. Quantity 1 Unit of Measure Building 15 Cost /Bldg $107,689 This is to re-coat the roof with a Duro-last roofing product. 100.00% Total Cost/Study $107,689 Replacement Year 2018 Future Cost $121,840 5 106 - Low Slope:Duro-Last J Bldg. Quantity 1 Unit of Measure Building 15 Cost /Bldg $86,152 This is to re-coat the roof with a Duro-last roofing product. 100.00% Total Cost/Study $86,152 Replacement Year 2018 Future Cost $97,473 5 240 - Low Slope: Tar & Gravel 2,000 Sq. Ft. Clubhouse Quantity 2,000 Unit of Measure Square Feet This is to replace the tar and gravel roofing. 15 Cost /SqFt $10.66 100.00% Total Cost/Study $21,322 Replacement Year 2015 Future Cost $22,402 2 900 - Roofing: Inspections & Repairs 4 Quantity 1 Unit of Measure Lump Sum Cost /LS $5,932 100.00% Total Cost/Study $5,932 Replacement Year 2016 Future Cost $6,388 3 This is to inspect and perform periodic maintenance as needed to the roofing. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 48

Component Listing Included Components 08000 - Re-Model / Upgrade 200 - Security Office 15 Quantity 1 Unit of Measure Lump Sum Cost /LS $15,000 100.00% 1 Total Cost/Study Treatment [nr:1] $15,000 Replacement Year 2014 Future Cost $15,375 This is a one time cost for the performance of a general rehab of the security office. 250 - Laundry Room 2 Quantity 2 Unit of Measure Fund 15 Cost /Fnd $4,500 10 100.00% Total Cost/Study $9,000 Replacement Year 2023 Future Cost $11,521 This is for general rehab of the laundry room and includes flooring, painting, countertops, etc. 11000 - Gate Equipment / Entry System 270 - Roll-Up Gate 6 Garbage Room/B Dock Quantity 6 Unit of Measure Items This is to replace the roll-up gate 25 Cost /Itm $3,500 15 100.00% Total Cost/Study $21,000 Replacement Year 2028 Future Cost $30,414 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 49

Component Listing Included Components 11000 - Gate Equipment / Entry System 780 - Pedestrian Gate A dock Quantity 1 Unit of Measure Fund This is to repair the pedestrian gates. 15 Cost /Fnd $5,384 12 100.00% Total Cost/Study $5,384 Replacement Year 2025 Future Cost $7,241 781 - Auto Gate 3 Driv. Assy Quantity 3 Unit of Measure Items 5 Cost /Itm $4,146 100.00% Total Cost/Study $12,438 Replacement Year 2013 Future Cost $12,438 0 782 - Auto Gate 3 G-1, G-2 Res, G-2 Vis Quantity 3 Unit of Measure Items 10 Cost /Itm $5,384 100.00% Total Cost/Study $16,153 Replacement Year 2021 Future Cost $19,681 8 784 - Security Gate 15 Quantity 1 Unit of Measure Items Cost /Itm $5,384 12 100.00% Total Cost/Study $5,384 Replacement Year 2025 Future Cost $7,241 804 - Safety Loops 2 Quantity 2 Unit of Measure Items 25 Cost /Itm $4,146 100.00% Total Cost/Study $8,292 Replacement Year 2013 Future Cost $8,292 0 12000 - Pool 100 - Re-plaster 984 Sq. Ft. Quantity 984 Unit of Measure Square Feet This is to resurface the pool. Includes coping. 10 Cost /SqFt $30.49 100.00% Total Cost/Study $30,000 Replacement Year 2019 Future Cost $34,791 6 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 50

Component Listing Included Components 12000 - Pool 701 - Equipment Repair Miscellaneous Quantity 1 Unit of Measure Fund 10 Cost /Fnd $3,436 100.00% Total Cost/Study $3,436 Replacement Year 2022 Future Cost $4,291 9 702 - Filter 10 Quantity 1 Unit of Measure Items Cost /Itm $1,564 100.00% Total Cost/Study $1,564 Replacement Year 2017 Future Cost $1,726 4 704 - Chlorinator 5 Quantity 1 Unit of Measure Items Cost /Itm $3,741 100.00% Total Cost/Study $3,741 Replacement Year 2015 Future Cost $3,931 2 706 - Pumps 2 Solar Pumps Quantity 2 Unit of Measure Items 10 Cost /Itm $808 100.00% Total Cost/Study $1,615 Replacement Year 2020 Future Cost $1,920 7 720 - Heater 12 Quantity 1 Unit of Measure Items Cost /Itm $9,096 11 100.00% Total Cost/Study $9,096 Replacement Year 2024 Future Cost $11,934 This is to replace the pool heater (includes sump pump) Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 51

Component Listing Included Components 12000 - Pool 900 - Pool Cover 7 Quantity 1 Unit of Measure Items Cost /Itm $2,545 100.00% Total Cost/Study $2,545 Replacement Year 2019 Future Cost $2,951 6 904 - Miscellaneous Skimmer & Lights Quantity 1 Unit of Measure Fund 10 Cost /Fnd $5,384 100.00% Total Cost/Study $5,384 Replacement Year 2021 Future Cost $6,560 8 13000 - Spa 180 - Repairs Replacement Quantity 1 Unit of Measure Items This is for repairs/replacement to the spa. 20 Cost /Itm $21,500 100.00% Total Cost/Study $21,500 Replacement Year 2015 Future Cost $22,589 2 780 - Heater Heater & Pumps Quantity 1 Unit of Measure Fund This is to replace the spa heater and pumps. Cost /Fnd 12 $975 11 100.00% Total Cost/Study $975 Replacement Year 2024 Future Cost $1,280 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 52

Component Listing Included Components 14000 - Recreation / Fitness Equipment 100 - Sauna: Heaters 3 Quantity 1 Unit of Measure Items Cost /Itm $1,890 100.00% Total Cost/Study $1,890 Replacement Year 2014 Future Cost $1,937 1 This is to replace the sauna heater. 140 - Sauna: Wood Replacement Fund Interior Quantity 1 Unit of Measure Fund 10 Cost /Fnd $6,461 This is to recover and replace the wood kit in the sauna room. 100.00% Total Cost/Study $6,461 Replacement Year 2021 Future Cost $7,873 8 290 - Miscellaneous Exercise Equipment (10%) Quantity 1 Unit of Measure Fund 3 Cost /Fnd $35,537 Qty * $/Fnd $35,537 10.00% Total Cost/Study $3,554 Replacement Year 2014 Future Cost $3,643 This line item allows for 10% repair/replacement of the gym equipment every three years 1 17000 - Tennis Court 500 - Seal Coat 5 Quantity 1 Unit of Measure Lump Sum Cost /LS $6,000 100.00% Total Cost/Study $6,000 Replacement Year 2016 Future Cost $6,461 3 This is to resurface the tennis courts utilizing a Petromat overlay, color coat and striping. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 53

Component Listing Included Components 17000 - Tennis Court 550 - Resurface 25 Quantity 1 Unit of Measure Lump Sum Cost /LS $25,000 23 100.00% Total Cost/Study $25,000 Replacement Year 2036 Future Cost $44,115 18000-902 - Irrigation Landscaping North Plaza, Hillside (13.7%) Quantity 1 Unit of Measure Lump Sum 30 Cost /LS $98,372 Qty * $/LS $98,372 13.72% Total Cost/Study $13,500 Replacement Year 2013 Future Cost $13,500 0 903 - Irrigation Driveway, Pierce St. (28%) Quantity 1 Unit of Measure Lump Sum 30 Cost /LS $98,372 Qty * $/LS $98,372 28.05% Total Cost/Study $27,593 Replacement Year 2015 Future Cost $28,990 2 904 - Irrigation South Plaza (28%) Quantity 1 Unit of Measure Lump Sum 30 Cost /LS $98,372 Qty * $/LS $98,372 28.05% Total Cost/Study $27,593 Replacement Year 2016 Future Cost $29,715 3 905 - Irrigation Plaza Lawns Quantity 1 Unit of Measure Lump Sum 30 Cost /LS $30,000 100.00% Total Cost/Study $30,000 Replacement Year 2017 Future Cost $33,114 4 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 54

Component Listing Included Components 18000 - Landscaping 908 - Plants 10 Quantity 1 Unit of Measure Lump Sum Cost /LS $25,000 100.00% Total Cost/Study $25,000 Replacement Year 2013 Future Cost $25,000 0 909 - Plants 10 Quantity 1 Unit of Measure Lump Sum Cost /LS $25,000 100.00% Total Cost/Study $25,000 Replacement Year 2015 Future Cost $26,266 2 This is to perform re-planting of the common areas, if needed. 19000-050 - Chain Link Fencing (Repair/Replace) 950 Lin. Ft. Quantity 950 Unit of Measure Linear Feet This is to replace the chain link fencing. 20 Cost /l.f. $29.32 17 100.00% Total Cost/Study $27,858 Replacement Year 2030 Future Cost $42,389 200 - Wrought Iron Pool Fence Quantity 1 Unit of Measure Fund Cost /Fnd 20 $17,907 19 100.00% Total Cost/Study $17,907 Replacement Year 2032 Future Cost $28,627 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. Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 55

Component Listing Included Components 19000 - Fencing (Repair/Replace) 600 - Wrought Iron All W/I Fencing and Railings Quantity 1 Unit of Measure Fund 2 Cost /Fnd $5,384 100.00% Total Cost/Study $5,384 Replacement Year 2013 Future Cost $5,384 0 991 - Miscellaneous Patio Fence Replacement Fund Quantity 1 Unit of Measure Fund 20 Cost /Fnd $50,799 19 100.00% Total Cost/Study $50,799 Replacement Year 2032 Future Cost $81,210 992 - Miscellaneous 728 Lin. Ft. Tennis court fence Quantity 728 Unit of Measure Linear Feet 25 Cost /l.f. $31.39 12 100.00% Total Cost/Study $22,853 Replacement Year 2025 Future Cost $30,735 22000-702 - Carpet Office Equipment / Furnishings Carpet/Paint Quantity 1 Unit of Measure Fund 10 Cost /Fnd $6,461 100.00% Total Cost/Study $6,461 Replacement Year 2014 Future Cost $6,623 1 704 - Furnishings 12 Quantity 1 Unit of Measure Fund Cost /Fnd $4,738 100.00% Total Cost/Study $4,738 Replacement Year 2015 Future Cost $4,978 2 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 56

Component Listing Included Components 22000 - Office Equipment / Furnishings 706 - Equipment 3 Quantity 1 Unit of Measure Fund Cost /Fnd $5,923 100.00% Total Cost/Study $5,923 Replacement Year 2016 Future Cost $6,378 3 23000 - Misc. Mechanical Equipment 990 - Miscellaneous Tomcat 250 Floor Cleaner Quantity 1 Unit of Measure Items 10 Cost /Itm $10,000 100.00% Total Cost/Study $10,000 Replacement Year 2016 Future Cost $10,769 This is to replace the Tomcat 250 machine used to clean the garage floors. 3 23500 - Elevator 100 - Cab Refurbish / Upgrade 7 Traction Elevators (50%) Quantity 7 Unit of Measure Items 25 Cost /Itm $25,000 Qty * $/Itm $175,000 50.00% Total Cost/Study $87,500 Replacement Year 2013 Future Cost $87,500 0 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 57

Component Listing Included Components 23500 - Elevator 101 - Cab Refurbish / Upgrade 7 Traction Elevators (50%) Quantity 7 Unit of Measure Unit 25 Cost /Ut $24,390 Qty * $/Ut $170,732 50.00% Total Cost/Study $85,366 Replacement Year 2014 Future Cost $87,500 1 102 - Cab Refurbish / Upgrade Hydraulic Garage Elevator Quantity 1 Unit of Measure Unit 25 Cost /Ut $15,000 100.00% Total Cost/Study $15,000 Replacement Year 2018 Future Cost $16,971 5 200 - System Modernization Traction Elevators Quantity 1 Unit of Measure Fund This is for the modernization of the traction elevators. 30 Cost /Fnd $359,775 100.00% Total Cost/Study $359,775 Replacement Year 2013 Future Cost $359,775 0 201 - System Modernization Traction Elevators Quantity 1 Unit of Measure Fund This is for the modernization of the traction elevators. 30 Cost /Fnd $828,707 100.00% Total Cost/Study $828,707 Replacement Year 2014 Future Cost $849,425 1 203 - System Modernization Garage Hydraulic Elevator Quantity 1 Unit of Measure Fund 25 Cost /Fnd $100,000 100.00% Total Cost/Study $100,000 Replacement Year 2018 Future Cost $113,141 5 204 - System Modernization B Dock Freight Elevator Quantity 1 Unit of Measure Fund 25 Cost /Fnd $150,000 100.00% Total Cost/Study $150,000 Replacement Year 2018 Future Cost $169,711 5 24000-102 - Lobby Common Area Furnishings / Equipment 20 Quantity 1 Unit of Measure Fund Cost /Fnd $9,746 100.00% Total Cost/Study $9,746 Replacement Year 2019 Future Cost $11,302 6 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 58

Component Listing Included Components 24000 - Common Area Furnishings / Equipment 920 - Pool/Patio Furnishings 5 Quantity 1 Unit of Measure Fund Cost /Fnd $3,436 100.00% Total Cost/Study $3,436 Replacement Year 2013 Future Cost $3,436 0 24000 - Common Area Furnishings / Equipment 100 - Miscellaneous Microphones Quantity 1 Unit of Measure Lump Sum 10 Cost /LS $2,055 100.00% Total Cost/Study $2,055 Replacement Year 2022 Future Cost $2,566 9 24500 - Electrical 200 - Building Exterior Lighting Ext. Bldg including Pierce Street (25%) Quantity 1 Unit of Measure Fund 5 Cost /Fnd $91,536 Qty * $/Fnd $91,536 25.00% Total Cost/Study $22,884 Replacement Year 2014 Future Cost $23,456 1 201 - Corridor Lighting Interior Quantity 1 Unit of Measure Fund Cost /Fnd 20 $92,516 100.00% Total Cost/Study $92,516 Replacement Year 2020 Future Cost $109,972 7 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 59

Component Listing Included Components 24500 - Electrical 202 - Garage Lighting 10 Quantity 1 Unit of Measure Fund Cost /Fnd $100,000 100.00% Total Cost/Study $100,000 Replacement Year 2016 Future Cost $107,689 3 206 - Lighting Plaza Area Quantity 1 Unit of Measure Fund 20 Cost /Fnd $60,000 100.00% Total Cost/Study $60,000 Replacement Year 2013 Future Cost $60,000 0 207 - Lighting East Hillside Quantity 1 Unit of Measure Fund 20 Cost /Fnd $19,000 100.00% Total Cost/Study $19,000 Replacement Year 2013 Future Cost $19,000 0 208 - Lighting Driveway Quantity 1 Unit of Measure Fund 20 Cost /Fnd $30,000 100.00% Total Cost/Study $30,000 Replacement Year 2015 Future Cost $31,519 2 900 - Miscellaneous Atrium Lighting Quantity 1 Unit of Measure Lump Sum 10 Cost /LS $3,716 100.00% Total Cost/Study $3,716 Replacement Year 2022 Future Cost $4,641 9 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 60

Component Listing Included Components 24500 - Electrical 901 - Miscellaneous Lobby Chandeliers Quantity 1 Unit of Measure Lump Sum 20 Cost /LS $6,000 100.00% Total Cost/Study $6,000 Replacement Year 2014 Future Cost $6,150 1 25000 - Flooring 200 - Carpeting 6,150 Sq. Yds. Carpet Tiles @ corridor (50%) 10 Quantity 6,150 Unit of Measure Square Yard Cost /SqYd $57.18 Qty * $/SqYd $351,675 50.00% Total Cost/Study $175,837 Replacement Year 2014 Future Cost $180,233 1 This is to replace the current carpeting in the common area corridors with carpet tiles. 201 - Carpeting 6,150 Sq. Yds. Carpet Tiles @ corridor (50%) 10 Quantity 6,150 Unit of Measure Square Yard Cost /SqYd $57.18 Qty * $/SqYd $351,675 50.00% Total Cost/Study $175,837 Replacement Year 2015 Future Cost $184,739 2 This is to replace the current carpeting in the common area corridors with carpet tiles. 400 - Tile Bathrooms Quantity 1 Unit of Measure Lump Sum This is to replace the bathroom tile. 20 Cost /LS $5,673 19 100.00% Total Cost/Study $5,673 Replacement Year 2032 Future Cost $9,070 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 61

Component Listing Included Components 25000 - Flooring 401 - Miscellaneous Tile & Vinyl Quantity 1 Unit of Measure Lump Sum This is to replace the tile flooring. 10 Cost /LS $17,769 100.00% Total Cost/Study $17,769 Replacement Year 2016 Future Cost $19,135 3 402 - Miscellaneous Carpet Runners @ Lobby Quantity 1 Unit of Measure Lump Sum This is to replace the lobby carpet runners. 10 Cost /LS $6,330 100.00% Total Cost/Study $6,330 Replacement Year 2022 Future Cost $7,906 9 25500 - Wallcoverings 602 - Sheet Metal 3 Garbage Rooms Quantity 3 Unit of Measure Unit 20 Cost /Ut $2,500 100.00% Total Cost/Study $7,500 Replacement Year 2018 Future Cost $8,486 This is to repair/replace the sheet metal wall coverings located in the garbage rooms. 5 30000 - Miscellaneous 010 - Structural Repairs 30 Quantity 1 Unit of Measure Lump Sum Cost /LS $678,441 12 100.00% Total Cost/Study $678,441 Replacement Year 2025 Future Cost $912,428 030 - Utility Cart 12 Quantity 1 Unit of Measure Items Cost /Itm $7,323 100.00% Total Cost/Study $7,323 Replacement Year 2016 Future Cost $7,886 3 Version 11/13/2013 3:32:58 PM Richard Avelar & Associates 2013 62