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

2. STUCCO PIER

3. ORIGINAL DESIGN

4. BUILDING 9 RAILING

5. Brick Pier Alternative $130,000 additional cost – $1,241.50 - small one bedroom – $1,482.00 - large one bedroom – $2,171.00 - 2 and 3 bedroom

6. Railing Alternatives Option 1 - $49,000 additional cost – $467.95 - small one bedroom – $558.60 - large one bedroom – $818.30 - 2 and 3 bedroom

7. OPTION #1

8. OPTION #1 WITH CORNER POST

9. Railing Alternatives Option 2 - $65,600 additional cost – $626.48 - small one bedroom – $747.84 - large one bedroom – $1,095.52 - 2 and 3 bedroom

10. OPTION #2

11. 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

12. FOUR 3 X 3 METAL POSTS

13. Total Potential Additional Cost Range from: – $49,000 for stucco and option 1 railings $467.95 – small one bedroom $558.60 – large one bedroom $818.30 – 2 and 3 bedroom – To $295,600 for brick, option 2 railings, and 4 3”x3” posts $2,822.98 - small one bedroom $3,369.84 – large one bedroom $4,936.52 – 2 and 3 bedroom

14. Total Potential Additional Cost Original RailingOption 1 RailingOption 2 Railing STUCCOSTUCCO No Additional Cost $49,000 Total Cost Assessments: $467.95 Small 1 BR $558.60 Large 1 BR $818.30 2 & 3 BR $65,600 Total Cost Assessments: $626.48 Small 1 BR $747.84 Large 1 BR $1,095.52 2 & 3 BR BRICKBRICK $130,000 Total Cost Assessments: $1,241.50 Small 1 BR $1,482.00 Large 1 BR $2,171.00 2 & 3 BR $179,000 Total Cost Assessments: $1,709.45 Small 1 BR $2,040.60 Large 1 BR $2,989.30 2 & 3 BR $195,600 Total Cost Assessments: $1,867.98 Small 1 BR $2,229.84 Large 1 BR $3,266.52 2 & 3 BR

15. 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.