Design Included In Budget Stucco piers Railings similar to building 9 No additional cost to stay with this alternative

STUCCO PIER

ORIGINAL DESIGN

BUILDING 9 RAILING

Brick Pier Alternative $130,000 additional cost – $1, small one bedroom – $1, large one bedroom – $2, and 3 bedroom

Railing Alternatives Option 1 - $49,000 additional cost – $ small one bedroom – $ large one bedroom – $ and 3 bedroom

OPTION #1

OPTION #1 WITH CORNER POST

Railing Alternatives Option 2 - $65,600 additional cost – $ small one bedroom – $ large one bedroom – $1, and 3 bedroom

OPTION #2

Railing Post Alternative Budget includes 3”x3” aluminum posts 4 3”x3” posts like those currently on the water-side (in aluminum rather than current wood): – $100,000 additional cost – $955 – small one bedroom – $1,140 – large one bedroom – $1,670 – 2 and 3 room

FOUR 3 X 3 METAL POSTS

Total Potential Additional Cost Range from: – $49,000 for stucco and option 1 railings $ – small one bedroom $ – large one bedroom $ – 2 and 3 bedroom – To $295,600 for brick, option 2 railings, and 4 3”x3” posts $2, small one bedroom $3, – large one bedroom $4, – 2 and 3 bedroom

Total Potential Additional Cost Original RailingOption 1 RailingOption 2 Railing STUCCOSTUCCO No Additional Cost $49,000 Total Cost Assessments: $ Small 1 BR $ Large 1 BR $ & 3 BR $65,600 Total Cost Assessments: $ Small 1 BR $ Large 1 BR $1, & 3 BR BRICKBRICK $130,000 Total Cost Assessments: $1, Small 1 BR $1, Large 1 BR $2, & 3 BR $179,000 Total Cost Assessments: $1, Small 1 BR $2, Large 1 BR $2, & 3 BR $195,600 Total Cost Assessments: $1, Small 1 BR $2, Large 1 BR $3, & 3 BR

Payment Plan Those who have paid 25% will be notified of a revised assessment amount – Outstanding balance plus interest at 3.95% – 48 monthly payments starting 11/15/15 - $225.57/month per $10K outstanding – Option to pay in full at a discount calculated as the outstanding principal balance. – All early payoffs will be required to pay at least a $200 fee.