1. Cost Cutting Workshop 10/29/2006

2. Overview

3. Standardizing Across Neighborhoods This could save us the most money, up to appx $7-10k per unit. Architects will share specs. (waiting from OMR) Management will be meeting with each Architect, along with a group rep, to discuss this concept and process. There will be a joint meeting with both Architects to go over details No decisions will be made that change the spec without consultation with the groups.

4. Cost Saving Items All numbers are very approximate! Environmental issues are not factored in. Three categories: –Items that will save us more money: ~$4-6k per unit, ~$3-4k per unit –Items that will save us some money: ~$2-3k per unit –Items that will save us less money: –~$1-2k per unit

5. Flooring for Slab-on-Grade Units (~$4-6k/unit) First floor: Polished Concrete throughout –Could offer Pergo-type flooring as an upgrade option or it could be done post-construction –No wood upgrade option, tricky to do post- construction –Laura: “I think this is the way to go. It is very attractive and makes sense” Second floor: Painted Subfloor Second Floor bath: Vinyl –Possible Tile upgrade –May be an outgassing concern from glues

6. Flooring for Units with Basements / Second Floor Units (~$3-4k/unit) First & Second floor: Painted Subfloor Kitchen: Vinyl –Possible Cork upgrade –Possible Tile upgrade –May be an outgassing concern from the glues All bathrooms: Vinyl –Possible Tile upgrade –May be an outgassing concern from the glues

7. Insulated Steel Outside Doors ($2-3k/unit) Consider Fiberglass front doors as an upgrade or alternate Laura: Yes, insulated steel everywhere, including front doors of units. Keep wood (or fiberglass) at front door of Common House?

8. Vinyl Windows ($2-3k/unit) Can get double or triple glazed glass in a vinyl frame instead of wood for less money May be an outgassing concern from glues Laura: “I would like to see more in the way of cost and performance comparisons before any final decision to switch to vinyl.”

9. OSB Subflooring ($2-3k/unit) More sustainable Better than plywood for outgassing if the binder material is phenol or PMDI rather than UREA formaldehyde

10. Less Money (~$1-2/unit) Cabinetry: Foil Face vs Solid Pine –Wood is expensive! –Possible outgassing concern, unclear how much Laminate Interior Doors –Laminate ok re:outgassing, check the adhesive used. –Laura raises question as to whether they are significantly cheaper than currently spec’d flush birch

11. Less Money (~$1-2/unit) Conventional Partition / Exterior Wall Framing –Stew to diagram Masonite Soffits (vs T-111) –If painted properly looks good and no long terms maintenance problems. Laura ok.

12. Less Money (~$1-2/unit) Drop in porcelain bath vanity sinks with laminate countertops –Consider current spec as alternate –Laura is fine with this.

13. Other Questions?