Hyde Park Place Owners' Association, Inc.

RESERVE STUDY Full Study Hyde Park Place Owners' Association, Inc. Published - February 10, 2016 Browning Reserve Group / Emmett, ID 83617 Office (208) 365-0977 Tony@BrowningRG.com / www.browningrg.com Browning Reserve Group 2016 1783 2/10/2016 12fs4.4.68-460:nad.u Version 2/10/2016 11:03:57 AM

Hyde Park Place Owners' Association, Inc. Table of Contents Section Report Page Section I: of Condominium Reserves 1 Section II: 30 Year Expense Forecast Detailed 5 Section III: 30 Year Reserve Funding Plan Cash Flow Method {c} 11 Section III-a: 30 Year Reserve Funding Plan Cash Flow Method - Ending Balances Chart 13 Section IV: 30 Year Reserve Funding Plan Fully Funded Balance and % Funded 14 Section V: Reserve Fund Balance Forecast Component Method 15 Section VI: Component Listing Included Components 20 Section VII: Tabular Component Listing Included Components 45 Section VII-a: Expenditures by Year - Next 3 Years 48 Section IX: Directory of Reserve Study Contractors Section X: Auditor Notes 52 Section X-a: Supplementary Information for Auditor Component Method Section XI: Glossary Reserve Study Terms 57 Addendum: Homeowner Distribution Materials See Page ii for Details 49 54 1783 2/10/2016 12fs4.4.68-460:nad.u Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 TOC - i

Hyde Park Place Owners' Association, Inc. Homeowner Distribution Materials The following Reserve Study sections should be provided to each Homeowner. Section Report Idaho: Member Section III: 30 Year Reserve Funding Plan Cash Flow Method {c} 1783 2/10/2016 12fs4.4.68-460:nad.u Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 TOC - ii

Section I Full Study Hyde Park Place Owners' Association, Inc. Published - February 10, 2016 Reserve Study A Reserve Study was conducted of Hyde Park Place Owners' Association, Inc. (the "Condominium"). A Full Study includes an on-site review upon where the following tasks are performed: development of a reserve component inventory; condition assessment based upon on-site visual observation; life and valuation estimates; fund status; and a funding plan. Hyde Park Place Owners' Association, Inc. is a Condominium with a total of 39 Units. Physical Inspection Browning Reserve Group ("BRG") conducted a physical inspection of the Condominium. The inspection encompassed those major components that the Condominium 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 $600. 2. Such additional components, if any, determined by the Board of Directors. During the inspection, BRG utilized the services of our own construction cost estimator. In addition, independent contractors were retained to render opinions on selected components as indicated in Section VI, Included Component Listing. Supplemental information to the physical inspection may have been obtained from the following sources: 1. Project plans where available. 2. Maintenance records of the reserve components where available. 3. Condominium board members, management and staff. of Reserves For the first year of the Reserve Study, the reserve contribution is based upon the existing budget unless otherwise noted in Section III, Reserve Funding Plan. In addition BRG relied on the Condominium to provide an accurate Beginning Reserve Balance. 1783 2/10/2016 12fs4.4.68-460:nad.u Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 / Emmett, ID 83617 Office (208) 365-0977 Tony@BrowningRG.com / www.browningrg.com

Reserve Study - Full Study Hyde Park Place Owners' Association, Inc. 2 The status of the Condominium'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 Condominium 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 $146,305. [For purposes of this calculation, necessary is defined as the Fully Funded Balance (FFB) (Component Current Cost X Effective Age / Useful Life, including a provision for interest and inflation in future years.)] 3. The current amount of accumulated cash reserves actually set aside to repair, replace, restore, or maintain such major components as of the fiscal year ending December 31, 2016 is estimated to be $54,998, constituting 37.6% of the total expenditures anticipated for all such major components through their first end of useful life replacement. 4. Based upon the schedule of annual reserve contributions necessary to defray the cost of repairing, replacing, restoring or maintaining such major components in the years such expenditures are estimated to be required, it is estimated that annual reserve contributions in the initial amount of $12,500 [$320.51 per Unit per year (average)] for the fiscal year ending December 31, 2016 (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 Condominium's reserves are inadequately funded as the reserve fund ending balances may fail to remain positive throughout the replacement of all major components during the next 30 years. Additional reserve funding including some combination of increased contributions, special assessments and loans may be necessary to meet all reserve obligations. Idaho statute imposes no reserve funding level requirements nor does it address funding level adequacy. Percent Funded Status Based on paragraphs 1-3 above, the Condominium is 37.6% funded. The following scale can be used as a measure to determine the Condominium s financial picture whereas the lower the percentage, the higher the likelihood of the Condominium 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 - Full Study Hyde Park Place Owners' Association, Inc. 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 Hyde Park Place Owners' Association, Inc. 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 Condominium's ability to repair or replace major components as they wear out in future years. The Reserve Study is not an engineering report, and no destructive testing was performed. The costs outlined in the study are for budgetary and planning purposes only, and actual bid costs would depend upon the defined scope of work at the time repairs are made. Also, any latent defects are excluded from this report. Statutory Disclosures Compliance The Reserve Study complies with or exceeds all applicable statutes, if any. General: Supplemental Disclosures BRG has no other involvement(s) with the Condominium which could result in actual or perceived conflicts of interest. Personnel Credentials: N. Anthony Dann graduated from Cal State Northridge with Bachelors & Master of Science degrees in Business Administration, Management and Finance. Diane M. Dann has a Certified Property Manager designation from the Institute of Real Estate Management. Completeness: BRG has found no material issues which, if not disclosed, would cause a distortion of the Condominium's situation. Reliance on Client Data: Information provided by the official representative of the Condominium regarding financial, physical, quantity, or historical issues will be deemed reliable by BRG.

Reserve Study - Full Study Hyde Park Place Owners' Association, Inc. 4 Scope: This Reserve Study is a reflection of information provided to BRG and assembled for the Condominium's use, not for the purpose of performing an audit, quality/forensic analysis, health and safety inspection, or background checks of historical records. Reserve Balance: The actual beginning reserve fund balance in this Reserve Study is based upon information provided and was not audited. Reserve Projects: Information provided about reserve projects will be considered reliable. Any on-site inspection should not be considered a project audit, quality inspection, or health and safety review. Browning Reserve Group

Section II Hyde Park Place Owners' Association, Inc. 30 Year Expense Forecast - Detailed Current Replacement Life Useful / Reserve Component Cost Remaining 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 01000 - Paving 110 - Asphalt Repairs & Sealing Parking Area 02000 - Concrete Total 01000 - Paving 1,000 900 - Miscellaneous Miscellaneous Concrete Locations Total 02000 - Concrete 1,500 03000 - Painting: Exterior 120 - Surface Restoration Building Exterior - Front Side 121 - Surface Restoration Building Exterior - Rear Side 122 - Surface Restoration Building Exterior - East Side 123 - Surface Restoration Building Exterior - West Side 440 - Metal Fencing Exterior Fencing & Railings 500 - Light Poles 8 Street Lamp Posts Total 03000 - Painting: Exterior 56,973 03500 - Painting: Interior 100 - Building Interior Hallways 450 - Garage 8 Garage Common Doors Total 03500 - Painting: Interior 11,800 1,000 4 1 1,025 1,131 1,249 1,379 1,025 1,131 1,249 1,379 1,500 5 3 1,615 1,828 2,068 1,615 1,828 2,068 12,714 10 3 13,692 17,527 12,714 10 4 14,034 17,965 3,179 10 5 3,596 3,179 10 6 3,686 23,987 10 7 28,513 1,200 10 4 1,325 1,696 13,692 15,359 3,596 3,686 28,513 17,527 19,661 10,400 10 4 11,480 14,695 1,400 10 5 1,584 11,480 1,584 14,695 04000 - Structural Repairs 180 - Trim Building Exterior 220 - Masonry Repairs Brick Façade 230 - Stucco Repairs Building Exterior[nr:6] 290 - Ceilings 14,457 Sq. Ft. Garage Ceiling (10%) 905 - Steel Doors 2 Common Area Metal Doors 912 - Doors Common Area Doors 930 - Windows Main Entrance 500 10 1 513 656 3,500 10 9 4,371 1,000 1 1 1,025 1,051 1,077 1,104 1,131 1,160 1,807 10 5 2,045 3,000 5 16 1,000 5 4 1,104 1,249 1,413 600 25 14 848 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 2015 to 2029 5

Current Replacement Life Useful / Hyde Park Place Owners' Association, Inc. 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 970 - Mailboxes 3 Community Mailboxes Total 04000 - Structural Repairs 12,907 04500 - Decking/Balconies 290 - Railings 1,350 Lin. Ft. Metal Railings (3%) Total 04500 - Decking/Balconies 1,215 05000 - Roofing 270 - Low Slope: TPO 40 Squares- Flat Roof 440 - Pitched: Dimensional Composition 200 Squares- Shingle Roof 700 - Gutters / Downspouts 1,186 Lin. Ft. Gutters & Downspouts 900 - Roofing: Inspections & Repairs Flat & Shingle Roof Systems[nr:9] 970 - Miscellaneous Roof Hatch 08000 - Rehab 100 - General Interior Common Area Total 05000 - Roofing 59,578 11000 - Gate Equipment 250 - Elite Slide Gate Operators Garage Vehicle Gate Total 08000 - Rehab 3,000 860 - Miscellaneous On-going Repairs Garage Vehicle Gate Total 11000 - Gate Equipment 4,500 20000 - Lighting 110 - Exterior Lights 39 Deck Carraige Lights 200 - Street Lights 8 Street Lamp Posts (13%) 400 - Interior Interior Lighting 560 - Garage Lights 30 Garage Lights 21000 - Signage Total 20000 - Lighting 17,825 792 - Monument 2 Association Identity Monuments Total 21000 - Signage 1,200 1,500 30 24 1,215 3 15 1,538 1,051 1,077 2,208 3,176 1,160 5,620 656 2,261 18,705 20 5 21,163 34,243 30 10 43,834 5,930 20 6 6,877 200 1 1 205 210 215 221 226 232 238 244 250 500 25 15 3,000 25 16 205 210 215 221 21,389 7,109 238 244 250 43,834 3,000 25 12 4,035 1,500 2 0 1,500 1,576 1,656 1,740 1,828 1,920 2,017 2,119 4,875 28 17 2,200 5 20 6,250 25 15 4,500 30 19 1,500 1,576 1,656 1,740 1,828 1,920 6,052 2,119 1,200 20 9 1,499 1,499 23000 - Mechanical Equipment 200 - HVAC 2 Interior Hallways 720 - Wall Heater 5 Common Area 8,000 18 7 9,509 1,500 15 5 1,697 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 2015 to 2029 6

Current Replacement Life Useful / Hyde Park Place Owners' Association, Inc. 30 Year Expense Forecast - Detailed Reserve Component Cost Remaining 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 830 - Sump Pump Septic System 900 - Fire Control System Fire Control System 920 - Fire Control Misc. Garage Sprinkler Heads Total 23000 - Mechanical Equipment 23500 - Elevator 100 - On-Going Repairs & Maint. Automatic Door Protection[nr:1] 200 - Cab Renovation Elevator 300 - Modernization Submersible Power Unit[nr:1] 301 - Modernization Hydraulic Controller[nr:1] 900 - Miscellaneous 5 Year Load Test 25000 - Flooring 200 - Carpeting 436 Sq. Yds. Common Area 2,000 20 10 2,560 2,500 5 5 2,829 3,200 14,000 10 10 17,921 28,000 Total 23500 - Elevator 107,436 Total 25000 - Flooring 13,080 28000 - Water System 130 - Backflow Valve Domestic Water System Total 28000 - Water System 1,500 30000 - Miscellaneous 440 - Telephone Entry System Building Entry System 500 - Fire Alarm System Fire Alarm System 501 - Fire Alarm System Fire Alarm System 915 - Security System Video Security System 990 - Utilities In-Wall Utilities 997 - Misc. Internet System Total 30000 - Miscellaneous 17,300 31000 - Reserve Study 120-5 Year Update with Site Visit Reserve Study Total 31000 - Reserve Study 2,800 2,436 1 3 2,623 2,500 20 16 4,526 9,509 23,682 35,000 1 12 47,071 65,000 1 15 2,500 5 4 2,760 3,122 3,532 2,623 2,760 3,122 47,071 3,532 13,080 20 8 15,937 1,500 15 5 1,697 3,000 15 4 3,311 3,500 25 15 1,697 300 1 1 308 315 323 331 339 348 357 366 375 384 394 403 414 424 5,000 15 5 5,657 1,500 5 15 4,000 15 5 4,526 308 315 323 3,643 10,522 348 357 366 375 384 394 403 414 424 2,800 5 0 2,800 3,168 3,584 15,937 2,800 3,168 3,584 Total Expenditures Inflated @ 2.50% 4,300 3,075 3,152 19,546 37,325 50,790 14,042 38,617 20,201 12,114 73,404 1,050 53,527 21,387 42,692 Total Current Replacement Cost 341,614 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 2015 to 2029 7

30 Year Expense Forecast - Detailed Reserve Component 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 01000 - Paving 110 - Asphalt Repairs & Sealing Parking Area Total 01000 - Paving 1,522 1,680 1,854 2,046 1,522 1,680 1,854 2,046 02000 - Concrete 900 - Miscellaneous Miscellaneous Concrete Locations Total 02000 - Concrete 03000 - Painting: Exterior 120 - Surface Restoration Building Exterior - Front Side 121 - Surface Restoration Building Exterior - Rear Side 122 - Surface Restoration Building Exterior - East Side 123 - Surface Restoration Building Exterior - West Side 440 - Metal Fencing Exterior Fencing & Railings 500 - Light Poles 8 Street Lamp Posts Total 03000 - Painting: Exterior 03500 - Painting: Interior 100 - Building Interior Hallways 450 - Garage 8 Garage Common Doors Total 03500 - Painting: Interior 04000 - Structural Repairs 180 - Trim Building Exterior 220 - Masonry Repairs Brick Façade 230 - Stucco Repairs Building Exterior[nr:6] 290 - Ceilings 14,457 Sq. Ft. Garage Ceiling (10%) 905 - Steel Doors 2 Common Area Metal Doors 912 - Doors Common Area Doors 930 - Windows Main Entrance 970 - Mailboxes 3 Community Mailboxes Total 04000 - Structural Repairs 04500 - Decking/Balconies 290 - Railings 1,350 Lin. Ft. Metal Railings (3%) Total 04500 - Decking/Balconies 2,339 2,647 2,995 2,339 2,647 2,995 22,436 22,997 4,604 5,893 4,719 6,040 36,499 46,722 2,170 4,604 4,719 36,499 22,436 25,167 5,893 6,040 46,722 18,811 2,028 2,596 2,028 18,811 2,596 840 5,595 7,162 2,617 3,350 4,454 5,039 5,701 1,599 1,809 2,046 2,713 2,617 4,454 7,194 5,879 4,522 3,350 5,701 9,209 1,760 1,895 2,041 2,198 2,367 1,760 1,895 2,041 2,198 2,367 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 2030 to 2044 8

30 Year Expense Forecast - Detailed Reserve Component 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 05000 - Roofing 270 - Low Slope: TPO 40 Squares- Flat Roof 440 - Pitched: Dimensional Composition 200 Squares- Shingle Roof 700 - Gutters / Downspouts 1,186 Lin. Ft. Gutters & Downspouts 900 - Roofing: Inspections & Repairs Flat & Shingle Roof Systems[nr:9] 970 - Miscellaneous Roof Hatch Total 05000 - Roofing 724 34,678 11,269 724 34,678 11,269 08000 - Rehab 100 - General Interior Common Area Total 08000 - Rehab 11000 - Gate Equipment 250 - Elite Slide Gate Operators Garage Vehicle Gate 860 - Miscellaneous On-going Repairs Garage Vehicle Gate Total 11000 - Gate Equipment 20000 - Lighting 110 - Exterior Lights 39 Deck Carraige Lights 200 - Street Lights 8 Street Lamp Posts (13%) 400 - Interior Interior Lighting 560 - Garage Lights 30 Garage Lights Total 20000 - Lighting 4,454 4,454 2,227 2,339 2,458 2,582 2,713 2,850 2,995 2,227 2,339 2,458 2,582 2,713 2,850 2,995 7,418 3,605 4,079 9,052 7,194 9,052 7,418 7,194 3,605 4,079 21000 - Signage 792 - Monument 2 Association Identity Monuments Total 21000 - Signage 2,456 2,456 23000 - Mechanical Equipment 200 - HVAC 2 Interior Hallways 720 - Wall Heater 5 Common Area 830 - Sump Pump Septic System 900 - Fire Control System Fire Control System 920 - Fire Control Misc. Garage Sprinkler Heads Total 23000 - Mechanical Equipment 23500 - Elevator 14,832 2,458 3,621 4,097 4,635 22,941 3,621 29,495 19,466 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 2030 to 2044 9

30 Year Expense Forecast - Detailed Reserve Component 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 100 - On-Going Repairs & Maint. Automatic Door Protection[nr:1] 200 - Cab Renovation Elevator 300 - Modernization Submersible Power Unit[nr:1] 301 - Modernization Hydraulic Controller[nr:1] 900 - Miscellaneous 5 Year Load Test Total 23500 - Elevator 94,139 3,711 3,997 4,522 5,116 94,139 3,711 3,997 4,522 5,116 25000 - Flooring 200 - Carpeting 436 Sq. Yds. Common Area Total 25000 - Flooring 26,114 26,114 28000 - Water System 130 - Backflow Valve Domestic Water System Total 28000 - Water System 30000 - Miscellaneous 440 - Telephone Entry System Building Entry System 500 - Fire Alarm System Fire Alarm System 501 - Fire Alarm System Fire Alarm System 915 - Security System Video Security System 990 - Utilities In-Wall Utilities 997 - Misc. Internet System Total 30000 - Miscellaneous 31000 - Reserve Study 120-5 Year Update with Site Visit Reserve Study Total 31000 - Reserve Study Total Expenditures Inflated @ 2.50% 2,458 2,458 4,796 5,069 434 445 456 468 480 492 504 516 529 543 556 570 584 599 614 8,193 2,172 2,458 2,781 6,554 7,676 445 456 468 5,276 17,697 504 516 529 543 3,337 570 584 599 614 4,055 4,588 5,191 4,055 4,588 5,191 130,275 20,009 45,895 7,042 23,660 60,301 10,103 3,099 25,612 58,475 80,444 26,430 49,673 32,703 19,441 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 2030 to 2044 10

Section III Hyde Park Place Owners' Association, Inc. 30 Year Reserve Funding Plan Cash Flow Method *See Important footnotes at end of this Section III. Beginning Balance Inflated Expenditures @ 2.5% Reserve Contribution Units/year @ 39 Percentage Increase Special Assessments / Other Interest Pre Tax @ 0.00% Ending Balance 1) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 39,8731 45,573 54,998 67,471 67,456 54,545 34,274 52,275 47,305 62,431 4,300 3,075 3,152 19,546 37,325 50,790 14,042 38,617 20,201 12,114 10,0002 12,500 15,625 19,531 24,414 30,518 32,044 33,646 35,328 37,094 256.41 320.51 400.64 500.79 626.00 782.51 821.64 862.72 905.85 951.13 25.0% 25.0% 25.0% 25.0% 25.0% 5.0% 5.0% 5.0% 5.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 45,573 54,998 67,471 67,456 54,545 34,274 52,275 47,305 62,431 87,411 Beginning Balance provided by DS Property Management. Beginning Balance Inflated Expenditures @ 2.5% Reserve Contribution Units/year @ 39 Percentage Increase Special Assessments / Other Interest Pre Tax @ 0.00% Ending Balance 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 87,411 52,957 92,803 82,217 105,919 110,568 30,002 59,702 63,516 88,785 73,404 1,050 53,527 21,387 42,692 130,275 20,009 45,895 7,042 23,660 38,949 40,896 42,941 45,088 47,342 49,709 49,709 49,709 32,311 32,311 998.69 1,048.62 1,101.05 1,156.10 1,213.90 1,274.59 1,274.59 1,274.59 828.49 828.49 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 0.0% 0.0% -35.0% 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 52,957 92,803 82,217 105,919 110,568 30,002 59,702 63,516 88,785 97,436 Beginning Balance Inflated Expenditures @ 2.5% Reserve Contribution Units/year @ 39 Percentage Increase Special Assessments / Other Interest Pre Tax @ 0.00% Ending Balance 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 97,436 69,446 91,654 120,866 127,565 101,401 53,268 59,149 41,787 41,395 60,301 10,103 3,099 25,612 58,475 80,444 26,430 49,673 32,703 19,441 32,311 32,311 32,311 32,311 32,311 32,311 32,311 32,311 32,311 32,311 828.49 828.49 828.49 828.49 828.49 828.49 828.49 828.49 828.49 828.49 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 69,446 91,654 120,866 127,565 101,401 53,268 59,149 41,787 41,395 54,265 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 11

30 Year Reserve Funding PlanCash Flow Method 2) Period / Year 00 / 2015 Reserve Funding Plan - Footnotes Reserve Contribution provided by DS Proprety Management. Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 12

Fund Balance Section III-a Hyde Park Place Owners' Association, Inc. 30 Year Reserve Funding Plan Cash Flow Method - Ending Balances $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 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 2043 2044 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 13 Years

Section IV Hyde Park Place Owners' Association, Inc. 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 2015 39,873 129,528 35.2% 4,300 10,000 0 0 45,573 2016 45,573 146,305 37.6% 3,075 12,500 0 0 54,998 2017 54,998 168,070 40.1% 3,152 15,625 0 0 67,471 2018 67,471 189,196 35.7% 19,546 19,531 0 0 67,456 2019 67,456 198,733 27.4% 37,325 24,414 0 0 54,545 2020 54,545 188,353 18.2% 50,790 30,518 0 0 34,274 2021 34,274 164,771 31.7% 14,042 32,044 0 0 52,275 2022 52,275 178,088 26.6% 38,617 33,646 0 0 47,305 2023 47,305 167,783 37.2% 20,201 35,328 0 0 62,431 2024 62,431 177,795 49.2% 12,114 37,094 0 0 87,411 2025 87,411 198,781 26.6% 73,404 38,949 0 0 52,957 2026 52,957 162,894 57.0% 1,050 40,896 0 0 92,803 2027 92,803 171,617 47.9% 53,527 42,941 0 0 82,217 2028 82,217 203,024 52.2% 21,387 45,088 0 0 105,919 2029 105,919 228,851 48.3% 42,692 47,342 0 0 110,568 2030 110,568 171,811 17.5% 130,275 49,709 0 0 30,002 2031 30,002 167,868 35.6% 20,009 49,709 0 0 59,702 2032 59,702 181,634 35.0% 45,895 49,709 0 0 63,516 2033 63,516 169,964 52.2% 7,042 32,311 0 0 88,785 2034 88,785 198,596 49.1% 23,660 32,311 0 0 97,436 2035 97,436 211,702 32.8% 60,301 32,311 0 0 69,446 2036 69,446 188,387 48.7% 10,103 32,311 0 0 91,654 2037 91,654 216,773 55.8% 3,099 32,311 0 0 120,866 2038 120,866 253,898 50.2% 25,612 32,311 0 0 127,565 2039 127,565 269,748 37.6% 58,475 32,311 0 0 101,401 2040 101,401 253,203 21.0% 80,444 32,311 0 0 53,268 2041 53,268 214,642 27.6% 26,430 32,311 0 0 59,149 2042 59,149 231,421 18.1% 49,673 32,311 0 0 41,787 2043 41,787 225,758 18.3% 32,703 32,311 0 0 41,395 2044 41,395 238,335 22.8% 19,441 32,311 0 0 54,265 Interest Ending Balance Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 14

Section V Hyde Park Place Owners' Association, Inc. Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2015 Fully Funded Balance 2016 Fully Funded Balance % Per Year Straight Line 2016 Line Item Contribution based on Cash Flow Method 01000 - Paving 110 - Asphalt Repairs & Sealing Parking Area 02000 - Concrete 900 - Miscellaneous Miscellaneous Concrete Locations 03000 - Painting: Exterior 120 - Surface Restoration Building Exterior - Front Side 121 - Surface Restoration Building Exterior - Rear Side 122 - Surface Restoration Building Exterior - East Side 123 - Surface Restoration Building Exterior - West Side 440 - Metal Fencing Exterior Fencing & Railings 500 - Light Poles 8 Street Lamp Posts 1,000 4 1 1,025 256 750 1,025 0.80% 100 1,500 5 3 1,615 323 600 923 1.01% 126 12,714 10 3 13,692 1,369 8,900 10,426 4.26% 533 12,714 10 4 14,034 1,403 7,629 9,123 4.37% 546 3,179 10 5 3,596 360 1,589 1,955 1.12% 140 3,179 10 6 3,686 369 1,271 1,629 1.15% 143 23,987 10 7 28,513 2,851 7,196 9,835 8.88% 1,110 1,200 10 4 1,325 132 720 861 0.41% 52 Sub-total [03000 - Painting: Exterior] 56,973 64,846 6,485 27,306 33,828 20.19% 2,524 03500 - Painting: Interior 100 - Building Interior Hallways 450 - Garage 8 Garage Common Doors 10,400 10 4 11,480 1,148 6,240 7,462 3.57% 447 1,400 10 5 1,584 158 700 861 0.49% 62 Sub-total [03500 - Painting: Interior] 11,800 13,064 1,306 6,940 8,323 4.07% 508 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 15

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2015 Fully Funded Balance 2016 Fully Funded Balance % Per Year Straight Line 2016 Line Item Contribution based on Cash Flow Method 04000 - Structural Repairs 180 - Trim Building Exterior 220 - Masonry Repairs Brick Façade 230 - Stucco Repairs Building Exterior[nr:6] 290 - Ceilings 14,457 Sq. Ft. Garage Ceiling (10%) 905 - Steel Doors 2 Common Area Metal Doors 912 - Doors Common Area Doors 930 - Windows Main Entrance 970 - Mailboxes 3 Community Mailboxes 500 10 1 513 51 450 513 0.16% 20 3,500 10 9 4,371 437 350 718 1.36% 170 1,000 1 1 1,025 513 500 1,025 1.60% 199 1,807 10 5 2,045 204 904 1,111 0.64% 80 3,000 5 16 4,454 262 176 192 0.82% 102 1,000 5 4 1,104 221 200 410 0.69% 86 600 25 14 848 34 264 295 0.11% 13 1,500 30 24 2,713 90 300 359 0.28% 35 Sub-total [04000 - Structural Repairs] 12,907 17,071 1,812 3,144 4,623 5.64% 705 04500 - Decking/Balconies 290 - Railings 1,350 Lin. Ft. Metal Railings (3%) 05000 - Roofing 270 - Low Slope: TPO 40 Squares- Flat Roof 440 - Pitched: Dimensional Composition 200 Squares- Shingle Roof 700 - Gutters / Downspouts 1,186 Lin. Ft. Gutters & Downspouts 900 - Roofing: Inspections & Repairs Flat & Shingle Roof Systems[nr:9] 970 - Miscellaneous Roof Hatch 1,215 3 15 1,760 110 76 83 0.34% 43 18,705 20 5 21,163 1,058 14,029 15,338 3.29% 412 34,243 30 10 43,834 1,461 22,829 24,569 4.55% 569 5,930 20 6 6,877 344 4,151 4,559 1.07% 134 200 1 1 205 103 100 205 0.32% 40 500 25 15 724 29 200 226 0.09% 11 Sub-total [05000 - Roofing] 59,578 72,803 2,995 41,308 44,897 9.32% 1,165 08000 - Rehab 100 - General Interior Common Area 3,000 25 16 4,454 178 1,080 1,230 0.55% 69 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 16

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2015 Fully Funded Balance 2016 Fully Funded Balance % Per Year Straight Line 2016 Line Item Contribution based on Cash Flow Method 11000 - Gate Equipment 250 - Elite Slide Gate Operators Garage Vehicle Gate 860 - Miscellaneous On-going Repairs Garage Vehicle Gate 3,000 25 12 4,035 161 1,560 1,722 0.50% 63 1,500 2 0 1,500 750 1,500 769 2.33% 292 Sub-total [11000 - Gate Equipment] 4,500 5,535 911 3,060 2,491 2.84% 355 20000 - Lighting 110 - Exterior Lights 39 Deck Carraige Lights 200 - Street Lights 8 Street Lamp Posts (13%) 400 - Interior Interior Lighting 560 - Garage Lights 30 Garage Lights 4,875 28 17 7,418 265 1,915 2,142 0.82% 103 2,200 5 20 3,605 172 105 113 0.53% 67 6,250 25 15 9,052 362 2,500 2,819 1.13% 141 4,500 30 19 7,194 240 1,650 1,845 0.75% 93 Sub-total [20000 - Lighting] 17,825 27,269 1,038 6,170 6,918 3.23% 404 21000 - Signage 792 - Monument 2 Association Identity Monuments 23000 - Mechanical Equipment 200 - HVAC 2 Interior Hallways 720 - Wall Heater 5 Common Area 830 - Sump Pump Septic System 900 - Fire Control System Fire Control System 920 - Fire Control Misc. Garage Sprinkler Heads 1,200 20 9 1,499 75 660 738 0.23% 29 8,000 18 7 9,509 528 4,889 5,467 1.64% 206 1,500 15 5 1,697 113 1,000 1,128 0.35% 44 2,000 20 10 2,560 128 1,000 1,128 0.40% 50 2,500 5 5 2,829 471 417 513 1.47% 183 14,000 10 10 17,921 1,629 1,273 1,435 5.07% 634 Sub-total [23000 - Mechanical Equipment] 28,000 34,516 2,870 8,578 9,669 8.94% 1,117 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 17

Reserve Fund Balance Forecast Component Method Reserve Component Current Repl. Cost Useful Life Remaining Life Estimated Future Replacement Costs Per Year 2015 Fully Funded Balance 2016 Fully Funded Balance % Per Year Straight Line 2016 Line Item Contribution based on Cash Flow Method 23500 - Elevator 100 - On-Going Repairs & Maint. Automatic Door Protection[nr:1] 200 - Cab Renovation Elevator 300 - Modernization Submersible Power Unit[nr:1] 301 - Modernization Hydraulic Controller[nr:1] 900 - Miscellaneous 5 Year Load Test 2,436 1 3 2,623 656 609 832 2.04% 255 2,500 20 16 3,711 186 500 641 0.58% 72 35,000 1 12 47,071 3,621 2,692 2,990 11.27% 1,409 65,000 1 15 94,139 5,884 4,063 4,442 18.32% 2,290 2,500 5 4 2,760 552 500 1,025 1.72% 215 Sub-total [23500 - Elevator] 107,436 150,305 10,898 8,364 9,929 33.93% 4,241 25000 - Flooring 200 - Carpeting 436 Sq. Yds. Common Area 28000 - Water System 130 - Backflow Valve Domestic Water System 30000 - Miscellaneous 440 - Telephone Entry System Building Entry System 500 - Fire Alarm System Fire Alarm System 501 - Fire Alarm System Fire Alarm System 915 - Security System Video Security System 990 - Utilities In-Wall Utilities 997 - Misc. Internet System 13,080 20 8 15,937 797 7,848 8,715 2.48% 310 1,500 15 5 1,697 113 1,000 1,128 0.35% 44 3,000 15 4 3,311 221 2,200 2,460 0.69% 86 3,500 25 15 5,069 203 1,400 1,579 0.63% 79 300 1 1 308 154 150 308 0.48% 60 5,000 15 5 5,657 377 3,333 3,758 1.17% 147 1,500 5 15 2,172 136 94 103 0.42% 53 4,000 15 5 4,526 302 2,667 3,007 0.94% 117 Sub-total [30000 - Miscellaneous] 17,300 21,043 1,392 9,844 11,213 4.33% 542 31000 - Reserve Study 120-5 Year Update with Site Visit Reserve Study 2,800 5 0 2,800 560 2,800 574 1.74% 218 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 18

Section VI Hyde Park Place Owners' Association, Inc. Component Listing Included Components 01000 - Paving 110 - Asphalt Repairs & Sealing Useful Life 4 Parking Area Quantity 1 Unit of Measure Lump Sum Cost /LS $1,000 100.00% Total Cost/Study $1,000 Replacement Year 2016 Future Cost $1,025 This is to apply a single coat asphalt emulsion product. Also includes crackfill as needed and striping of the parking area as well as the garage. Cost estimate and useful life provided by Lach McIntosh. 1 Costing provided by PC Maintenance 02000 - Concrete 900 - Miscellaneous Useful Life 5 Miscellaneous Concrete Locations Quantity 1 Unit of Measure Lump Sum Cost /LS $1,500 100.00% Total Cost/Study $1,500 Replacement Year 2018 Future Cost $1,615 This is for miscellaneous concrete repair as needed. Includes curbs, walkways, ramp, etc. 3 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 20

Component Listing Included Components 03000 - Painting: Exterior 120 - Surface Restoration Useful Life 10 Building Exterior - Front Side Quantity 1 Unit of Measure Lump Sum Cost /LS $12,714 100.00% Total Cost/Study $12,714 Replacement Year 2018 Future Cost $13,692 This is to paint the front side only of the building exterior stucco including all exterior doors on that side. Includes preparation, power washing, sanding, scraping and caulking as needed. Cost estimate provided by Chris Berry. 3 Costing provided by B & K Painting Inc. 121 - Surface Restoration Useful Life 10 Building Exterior - Rear Side Quantity 1 Unit of Measure Lump Sum Cost /LS $12,714 100.00% Total Cost/Study $12,714 Replacement Year 2019 Future Cost $14,034 This is to paint the rear side only of the building exterior stucco including all exterior doors on that side. Includes preparation, power washing, sanding, scraping and caulking as needed. Cost estimate provided by Chris Berry. 4 Costing provided by B & K Painting Inc. Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 21

Component Listing Included Components 03000 - Painting: Exterior 122 - Surface Restoration Useful Life 10 Building Exterior - East Side Quantity 1 Unit of Measure Lump Sum Cost /LS $3,179 100.00% Total Cost/Study $3,179 Replacement Year 2020 Future Cost $3,596 This is to paint the east side only of the building exterior stucco including all exterior doors on that side. Includes preparation, power washing, sanding, scraping and caulking as needed. Cost estimate provided by Chris Berry. 5 Costing provided by B & K Painting Inc. 123 - Surface Restoration Useful Life 10 Building Exterior - West Side Quantity 1 Unit of Measure Lump Sum Cost /LS $3,179 100.00% Total Cost/Study $3,179 Replacement Year 2021 Future Cost $3,686 This is to paint the west side only of the building exterior stucco including all exterior doors on that side. Includes preparation, power washing, sanding, scraping and caulking as needed. Cost estimate provided by Chris Berry. 6 Costing provided by B & K Painting Inc. Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 22

Component Listing Included Components 03000 - Painting: Exterior 440 - Metal Fencing Useful Life 10 Exterior Fencing & Railings Quantity 1 Unit of Measure Lump Sum Cost /LS $23,987 100.00% Total Cost/Study $23,987 Replacement Year 2022 Future Cost $28,513 This is to prep and paint all the wrought iron and steel work on and around the exterior of the building. Cost estimate provided by Chris Berry. 7 Costing provided by B & K Painting Inc. 500 - Light Poles Useful Life 10 8 Street Lamp Posts Quantity 8 Unit of Measure Items Cost /Itm $150 This is to prep and paint the street lamp posts as needed. 100.00% Total Cost/Study $1,200 Replacement Year 2019 Future Cost $1,325 4 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 23

Component Listing Included Components 03500-100 - Building Painting: Interior Useful Life 10 Interior Hallways Quantity 1 Unit of Measure Lump Sum Cost /LS $10,400 100.00% Total Cost/Study $10,400 Replacement Year 2019 Future Cost $11,480 This is to paint all building interior hallways including walls, ceilings, trim and doors. Cost estimate provided by Chris Berry. Chris has also offered an option to paint just the walls for $4,400. 4 Costing provided by B & K Painting Inc. 450 - Garage Useful Life 10 8 Garage Common Doors Quantity 8 Unit of Measure Items Cost /Itm $175 100.00% Total Cost/Study $1,400 Replacement Year 2020 Future Cost $1,584 This is to paint the metal common doors and door jambs in the garage. Cost estimate provided by Chris Berry. 5 Costing provided by B & K Painting Inc. Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 24

Component Listing Included Components 04000-180 - Trim Structural Repairs Useful Life 10 Building Exterior Quantity 1 Unit of Measure Lump Sum Cost /LS $500 100.00% Total Cost/Study $500 Replacement Year 2016 Future Cost $512 This is to replace portions of trim as needed during the full body painting cycles. 1 220 - Masonry Repairs Useful Life 10 Brick Façade Quantity 1 Unit of Measure Lump Sum Cost /LS $3,500 100.00% Total Cost/Study $3,500 Replacement Year 2024 Future Cost $4,371 This is to power wash, minor repointing if needed, and seal the brick façade. 9 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 25

Component Listing Included Components 04000 - Structural Repairs 230 - Stucco Repairs Useful Life 1 Building Exterior Quantity 1 Unit of Measure Lump Sum Cost /LS $1,000 100.00% 1 Treatment [nr:6] Total Cost/Study $1,000 Replacement Year 2016 Future Cost $1,025 This is to have funds available to repair the damaged stucco related to leaks created by inferior flashing at certain locations on the building exterior. History will dictate if this projection will need to be increased or deleted at some point in time. Cost estimate provided by Bob Nichols. Costing provided by Bob Nichols Plastering 290 - Ceilings Useful Life 10 14,457 Sq. Ft. Garage Ceiling (10%) Quantity 14,457 Unit of Measure Square Feet Cost /SqFt $1.25 Qty * $/SqFt $18,071 10.00% Total Cost/Study $1,807 Replacement Year 2020 Future Cost $2,045 This is to have funds available to clean and make necessary repairs to the existing ceiling grid and replace the 4x4 ceiling tiles as needed. The projected cost per square footage at 100% would be for a total replacement of the grid and tiles, this projection is for repairs only and for approximately 10% as needed. Square footage is approximate by BRG. 5 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 26

Component Listing Included Components 04000-905 - Steel Doors Structural Repairs Useful Life 5 2 Common Area Metal Doors Quantity 2 Unit of Measure Items Cost /Itm $1,500 16 100.00% Total Cost/Study $3,000 Replacement Year 2031 Future Cost $4,454 This is to have funds available for replacing 2 of the 10 metal doors as needed. Door count is approximate by BRG. 912 - Doors Useful Life 5 Common Area Doors Quantity 1 Unit of Measure Items Cost /Itm $1,000 100.00% Total Cost/Study $1,000 Replacement Year 2019 Future Cost $1,104 This is to have funds available to replace 1 out of the 5 common area wood doors and the front entry glass door, as needed. This projection can be used for minor repairs in lieu of replacement. Door count is approximate by BRG. 4 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 27

Component Listing Included Components 04000-930 - Windows Structural Repairs Useful Life 25 Main Entrance Quantity 1 Unit of Measure Lump Sum Cost /LS $600 14 100.00% Total Cost/Study $600 Replacement Year 2029 Future Cost $848 This is to have funds available to replace individual glass panels as needed, not full replacement at one time. 970 - Mailboxes Useful Life 30 3 Community Mailboxes Quantity 3 Unit of Measure Items This is to replace the mailbox covers. Cost /Itm $500 24 100.00% Total Cost/Study $1,500 Replacement Year 2039 Future Cost $2,713 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 28

Component Listing Included Components 04500-290 - Railings Decking/Balconies Useful Life 3 1,350 Lin. Ft. Metal Railings (3%) Quantity 1,350 Unit of Measure Linear Feet Cost /l.f. $30.00 Qty * $/l.f. $40,500 15 3.00% Total Cost/Study $1,215 Replacement Year 2030 Future Cost $1,760 This is to have funds available periodically to replace the metal railings as needed. This projection is for approximately 40 linear feet (3% of total) to be replaced at every three year cycle. History will dictate if this projection will need to be adjusted. With aggressive paint maintenance, this component's life may be extended. Painting is provided for within another component. Linear footage is approximate by BRG. 05000 - Roofing 270 - Low Slope: TPO Useful Life 20 40 Squares- Flat Roof Quantity 40 Unit of Measure Squares Cost /Sqrs $468 100.00% Total Cost/Study $18,705 Replacement Year 2020 Future Cost $21,163 This is to replace the existing flat roof with a 60 mil GAF TPO mechanically attached membrane roofing system. Includes TPO pipe flashings, roof drain inserts and slip sheets at condenser units. Square count, cost estimate, useful and remaining life provided by Mike Forbes. 5 Costing provided by ADA County Roofing Inc. Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 29

Component Listing Included Components 05000 - Roofing 440 - Pitched: Dimensional Composition Useful Life 30 200 Squares- Shingle Roof Quantity 200 Unit of Measure Squares Cost /Sqrs $171 10 100.00% Total Cost/Study $34,243 Replacement Year 2025 Future Cost $43,834 This is to recover the existing three tab roofing system with a 30 year architectural shingle. Includes 80 one way metal exhaust vents and 80 pipe flashings. Square count, cost estimate, useful and remaining life provided by Mike Forbes. Costing provided by ADA County Roofing Inc. 700 - Gutters / Downspouts Useful Life 20 1,186 Lin. Ft. Gutters & Downspouts Quantity 1,186 Unit of Measure Linear Feet Cost /l.f. $5.00 100.00% Total Cost/Study $5,930 Replacement Year 2021 Future Cost $6,877 This is to replace the gutters and downspouts with a similar style material. Linear footage is approximate by BRG. 6 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 30

Component Listing Included Components 05000 - Roofing 900 - Roofing: Inspections & Repairs Useful Life 1 Flat & Shingle Roof Systems Quantity 1 Unit of Measure Lump Sum Cost /LS $200 100.00% 1 Treatment [nr:9] Total Cost/Study $200 Replacement Year 2016 Future Cost $205 This is to inspect and perform rudimentary maintenance as needed to the roofing. Cost estimate and useful life provided by Mike Forbes. Costing provided by ADA County Roofing Inc. 970 - Miscellaneous Useful Life 25 Roof Hatch Quantity 1 Unit of Measure Items Cost /Itm $500 15 100.00% Total Cost/Study $500 Replacement Year 2030 Future Cost $724 This is to replace the roof hatch. Cost estimate, useful and remaining life provided by Mike Forbes. Costing provided by ADA County Roofing Inc. Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 31

Component Listing Included Components 08000 - Rehab 100 - General Useful Life 25 Interior Common Area Quantity 1 Unit of Measure Lump Sum Cost /LS $3,000 16 100.00% Total Cost/Study $3,000 Replacement Year 2031 Future Cost $4,454 This is for a general rehab of the common area interior. Includes lobby furniture, 8 pieces of art work, 10 track lights and miscellaneous decorative items. 11000 - Gate Equipment 250 - Elite Slide Gate Operators Useful Life 25 Garage Vehicle Gate Quantity 1 Unit of Measure Lump Sum Cost /LS $3,000 12 100.00% Total Cost/Study $3,000 Replacement Year 2027 Future Cost $4,035 This is to replace the Elite slide gate operator. Cost estimate, useful and remaining life provided by Sean Robinson. Costing provided by Overhead Door Co. SW Idaho Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 32

Component Listing Included Components 11000 - Gate Equipment 860 - Miscellaneous On-going Repairs Useful Life 2 Garage Vehicle Gate Quantity 1 Unit of Measure Lump Sum Cost /LS $1,500 100.00% Total Cost/Study $1,500 Replacement Year 2015 Future Cost $1,500 This is for on-going miscellaneous vehicle gate equipment repairs. Includes replacement of gate rollers, track and any components of the gate operator (master control, bearings, etc.) as needed. Cost estimate and useful life provided by Sean Robinson. 0 Costing provided by Overhead Door Co. SW Idaho 20000 - Lighting 110 - Exterior Lights Useful Life 28 39 Deck Carraige Lights Quantity 39 Unit of Measure Items Cost /Itm $125 This is to replace the exterior carriage style light fixtures. Light count is approximate by BRG. 17 100.00% Total Cost/Study $4,875 Replacement Year 2032 Future Cost $7,418 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 33

Component Listing Included Components 20000 - Lighting 200 - Street Lights Useful Life 5 8 Street Lamp Posts (13%) Quantity 8 Unit of Measure Items Cost /Itm $2,200 Qty * $/Itm $17,600 20 12.50% Total Cost/Study $2,200 Replacement Year 2035 Future Cost $3,605 This is to replace a percentage of the association street lights. Since the core light standard and fixture useful life exceeds the scope of this study, this component is for partial replacement only. 400 - Interior Useful Life 25 Interior Lighting Quantity 1 Unit of Measure Lump Sum Cost /LS $6,250 This is to replace interior lighting. Includes the following: 1 Chandelier; 35 Wall sconces; Light fixture count is approximate by BRG. 15 100.00% Total Cost/Study $6,250 Replacement Year 2030 Future Cost $9,052 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 34

Component Listing Included Components 20000 - Lighting 560 - Garage Lights Useful Life 30 30 Garage Lights Quantity 30 Unit of Measure Items This is to replace the garage lights. Light count is approximate by BRG. Cost /Itm $150 19 100.00% Total Cost/Study $4,500 Replacement Year 2034 Future Cost $7,194 21000 - Signage 792 - Monument Useful Life 20 2 Association Identity Monuments Quantity 2 Unit of Measure Items Cost /Itm $600 100.00% Total Cost/Study $1,200 Replacement Year 2024 Future Cost $1,499 This is to have funds to repair/repaint the community identity custom monument signs. 9 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 35

Component Listing Included Components 23000-200 - HVAC Mechanical Equipment Useful Life 18 2 Interior Hallways Quantity 2 Unit of Measure Items Cost /Itm $4,000 100.00% Total Cost/Study $8,000 Replacement Year 2022 Future Cost $9,509 This is to replace the two split system HVAC units including condensers, evaporative coils and air handlers. The useful life is contingent upon regular maintenance. Cost estimate, useful and remaining life provided by Brian Schneider. 7 Costing provided by ACCO Engineered Systems 720 - Wall Heater Useful Life 15 5 Common Area Quantity 5 Unit of Measure Items Cost /Itm $300 100.00% Total Cost/Study $1,500 Replacement Year 2020 Future Cost $1,697 This is to replace the wall heaters located in the common areas. Cost estimate and useful life provided by Brian Schneider. 5 Costing provided by ACCO Engineered Systems Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 36

Component Listing Included Components 23000-830 - Sump Pump Mechanical Equipment Useful Life 20 Septic System Quantity 1 Unit of Measure Lump Sum Cost /LS $2,000 10 100.00% Total Cost/Study $2,000 Replacement Year 2025 Future Cost $2,560 This is to replace the submersible sump pump and other components of the septic system as needed. 900 - Fire Control System Useful Life 5 Fire Control System Quantity 1 Unit of Measure Lump Sum Cost /LS $2,500 100.00% Total Cost/Study $2,500 Replacement Year 2020 Future Cost $2,829 This is to have funds available periodically to repair/replace the mechanical and structural components of the wet system. Includes double check valve, Victaulic valves, Potter flow and tamper switches, gauges, lateral piping, etc. Unless a leak develops as the system ages, funds required should be nominal. An annual inspection is recommended as an operating expense. Cost estimate and useful life provided by Sam Ball. 5 Costing provided by Absolute Fire Protection Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 37

Component Listing Included Components 23000 - Mechanical Equipment 920 - Fire Control Misc. Useful Life 10 Garage Sprinkler Heads Quantity 1 Unit of Measure Lump Sum Cost /LS $14,000 10 100.00% Total Cost/Study $14,000 Replacement Year 2025 Future Cost $17,921 This is to have funds available to replace the sprinkler heads should there be a failure in the test conducted every 10 years. The sprinkler heads passed the test in 2015. BRG consulted with Brian Schneider in making this projection. Costing provided by ACCO Engineered Systems 23500 - Elevator 100 - On-Going Repairs & Maint. Useful Life 1 Automatic Door Protection Quantity 1 Unit of Measure Lump Sum Cost /LS $2,436 100.00% 3 Treatment [nr:1] Total Cost/Study $2,436 Replacement Year 2018 Future Cost $2,623 This is to install new automatic door protection to meet code compliance and safety standards. Cost estimate and remaining life provided by Justin Lee. Costing provided by Schindler Elevator Corporation Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 38

Component Listing Included Components 23500 - Elevator 200 - Cab Renovation Useful Life 20 Elevator Quantity 1 Unit of Measure Lump Sum This is to renovate the interior of the cab. Cost /LS $2,500 16 100.00% Total Cost/Study $2,500 Replacement Year 2031 Future Cost $3,711 300 - Modernization Useful Life 1 Submersible Power Unit Quantity 1 Unit of Measure Items Cost /Itm $35,000 100.00% 12 Treatment [nr:1] Total Cost/Study $35,000 Replacement Year 2027 Future Cost $47,071 This is to modernize the elevator by installing a state-of-the-art submersible power unit to improve the reliability of the hydraulic system. Cost estimate and remaining life provided by Justin Lee. Costing provided by Schindler Elevator Corporation Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 39

Component Listing Included Components 23500 - Elevator 301 - Modernization Useful Life 1 Hydraulic Controller Quantity 1 Unit of Measure Items Cost /Itm $65,000 100.00% 15 Treatment [nr:1] Total Cost/Study $65,000 Replacement Year 2030 Future Cost $94,139 This is to modernize the elevator hydraulic controller to improve reliability, leveling accuracy and floor-to-floor times with the new state-of-the-art system. Cost estimate and remaining life provided by Justin Lee. Costing provided by Schindler Elevator Corporation 900 - Miscellaneous Useful Life 5 5 Year Load Test Quantity 1 Unit of Measure Lump Sum Cost /LS $2,500 This is for the 5 year state required load test for the elevator. Costing provided by Schindler Elevator Corporation 100.00% Total Cost/Study $2,500 Replacement Year 2019 Future Cost $2,760 4 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 40

Component Listing Included Components 25000 - Flooring 200 - Carpeting Useful Life 20 436 Sq. Yds. Common Area Quantity 436 Unit of Measure Square Yard This is to replace the carpeting. Square yards are approximate by BRG. Cost /SqYd $30.00 100.00% Total Cost/Study $13,080 Replacement Year 2023 Future Cost $15,937 8 Costing provided by A to Z Sprinklers & Landscape 28000 - Water System 130 - Backflow Valve Useful Life 15 Domestic Water System Quantity 1 Unit of Measure Items Cost /Itm $1,500 This is to replace the backflow preventer valve as needed. 100.00% Total Cost/Study $1,500 Replacement Year 2020 Future Cost $1,697 5 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 41

Component Listing Included Components 30000 - Miscellaneous 440 - Telephone Entry System Useful Life 15 Building Entry System Quantity 1 Unit of Measure Lump Sum Cost /LS $3,000 100.00% Total Cost/Study $3,000 Replacement Year 2019 Future Cost $3,311 This is to replace the Keri Entregard digital telephone entry system. Cost estimate, useful and remaining life provided by Neal Timmerman. 4 Costing provided by M2 Automation and Control Services, Inc. 500 - Fire Alarm System Useful Life 25 Fire Alarm System Quantity 1 Unit of Measure Lump Sum Cost /LS $3,500 15 100.00% Total Cost/Study $3,500 Replacement Year 2030 Future Cost $5,069 This is to replace the Silent Knight fire alarm communicator control panel. Cost estimate, useful and remaining life provided by Neal Timmerman. Costing provided by M2 Automation and Control Services, Inc. Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 42

Component Listing Included Components 30000 - Miscellaneous 501 - Fire Alarm System Useful Life 1 Fire Alarm System Quantity 1 Unit of Measure Lump Sum Cost /LS $300 100.00% Total Cost/Study $300 Replacement Year 2016 Future Cost $308 This is to have funds available periodically to replace the components of the fire alarm system. Includes horns, strobes, smoke detectors, etc. Cost estimate, useful and remaining life provided by Neal Timmerman. 1 Costing provided by M2 Automation and Control Services, Inc. 915 - Security System Useful Life 15 Video Security System Quantity 1 Unit of Measure Lump Sum Cost /LS $5,000 100.00% Total Cost/Study $5,000 Replacement Year 2020 Future Cost $5,657 This is to have funds available to upgrade the video security system as needed. Includes cameras, web based server, etc. The time frame to utilize these funds is not specifically known at the time of the study. BRG consulted with Neal Timmerman in making this projection. 5 Costing provided by M2 Automation and Control Services, Inc. Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 43

Component Listing Included Components 30000-990 - Utilities Miscellaneous Useful Life 5 In-Wall Utilities Quantity 1 Unit of Measure Lump Sum Cost /LS $1,500 15 100.00% Total Cost/Study $1,500 Replacement Year 2030 Future Cost $2,172 This is to have funds available periodically for minor repairs of the in-wall utilities. 997 - Misc. Useful Life 15 Internet System Quantity 1 Unit of Measure Lump Sum Cost /LS $4,000 100.00% Total Cost/Study $4,000 Replacement Year 2020 Future Cost $4,526 This is to have funds available to upgrade the data infrastructure of the high speed internet system. The time frame to utilize these funds is not specifically known at the time of the study. BRG consulted with Neal Timmerman in making this projection. 5 Costing provided by M2 Automation and Control Services, Inc. 31000 - Reserve Study 120-5 Year Update with Site Visit Useful Life 5 Reserve Study Quantity 1 Unit of Measure Lump Sum Cost /LS $2,800 100.00% Total Cost/Study $2,800 Replacement Year 2015 Future Cost $2,800 This is for the 5 year complete reserve study which includes a visual observation of the accessible reserve components the association is obligated to maintain. Costing provided by BRG Northwest, LLC 0 Version 2/10/2016 11:03:57 AM Browning Reserve Group 2016 44