CROSSROADS FARM AMENITIES

DRAFT ISSUED: 8/22/2017 MANAGER REVIEW: 8/23/2017 FINAL REPORT ISSUED: 12/4/2017

2025 E. Main Street REVISION/UPDATE ISSUED:Suite 218 Richmond, Va. 23223 804-644-6404 STUDY LEVEL: 2 dma-va.com

CROSSROADS FARM AMENITIES ROCKINGHAM COUNTY, VIRGINIA

Copyright © 2016 DMA, Inc. DMA does not support the validity of this report until a Working Session has been conducted with the Board of Directors and the final report issued.

INTERACTIVE RESERVE ANALYSIS

Page No. 1

STANDARDS, LIMITATIONS AND LEGAL INFORMATION 3

EXECUTIVE SUMMARY 5

RESERVE FUNDING NAVIGATOR 7

EXPENDITURE SUMMARY 8

CASH FLOW SPREADSHEETS 23

ASSESSMENT ALLOCATION 29

SCHEDULE OF COMPONENTS 30

ESCALATION CALCULATIONS 32

APPENDIX 33Includes several articles that explain how DMA's analyses work, how we estimate costs and useful life, and how we project the inflation rates. Also includes CAI National Reserve Study Standards and an explanation of maintenance and updating of this analysis.

CROSSROADS FARM AMENITIES TABLE OF CONTENTS

This is a printout of a dynamic reserve analysis that will change over time. The analysis is made up of information sheets and spreadsheets, whosecontents may change each time the analysis is updated. If comparing this report to other copies, verify the latest issue date on the front cover.Summary descriptions of the spreadsheets are provided below. Some spreadsheets, which are continuous in Excel, are divided up into severalpages in this report for legibility.

The projected reserve account contributions for the next five years are broken down to an average cost per unit owner. An optional calculation is provided to show the operating fund allocation and total assessment allocation as well.

A complete listing of the community's assets included in the reserve account. This includes common area assets and may include limited common area assets. See "Scope of Reserves" in the Executive Summary for a list of inclusions or exclusions as appropriate.

A list of historic cost indices based on R.S. Means

A spreadsheet divided into 6 pages showing the cash flow funding plan over 30 years. The total budgeted expenditures for each year, from the Expenditure Summary chart, are converted to future dollars on this sheet when an inflation rate has been introduced.

Contains Community Associations Institute (CAI) National Standards, limitations and legal restrictions on the use of information in this document and legal disclosures.

Contains information on DMA personnel responsible for this analysis, community information and a summary of current financial information and funding plan information as of this issue date.

This graph illustrates the reserve funding plan over the next 30 years. It shows the inflation rate used in the analysis as well as the contribution escalation rate required to fully fund the plan.

This multi-page chart shows the reserve replacement projects budgeted for completion in each year of the 30-year study. Note: all costs in this chart are shown in current dollars.

DMAInteractive Reserve AnalysisCopyright © 2016 DMA, Inc.

Page No. 2

STANDARDS, LIMITATIONS AND CONDITIONS DISCLOSURE AND LEGAL RESTRICTIONS

STUDY STANDARDS

This study was conducted in accordance with the Community Associations Institute National Reserve Study Standards. A summary of the standards is containedin our information article entitled “National Standards” which is included in the Appendix.

The data and analysis information that forms a part of this report was formatted in Microsoft Excel but contains proprietary programming and program coding thatis not available for distribution to outside parties. Copies of the data and analysis information have been made available in Adobe's Portable Document Formatand included as part of this report. Limited program versions can also be provided, upon request, in Excel format for easier viewing and navigating through thedata.

STUDY LIMITATIONS AND CONDITIONS

1. No destructive testing, lab analysis or other investigative methods were used to determine the condition of the components. Due to these limitations, as setforth in the reserve study guidelines that we subscribe to, the limited visual observations that were made are not sufficient to be considered a qualifiedarchitectural or engineering assessment of the state or condition of the components.

2. All common areas on the property were observed unless access was limited or not made available to us at the time of the inspection. The observations andopinions expressed herein with regard to the useful life of the components are based on our general professional knowledge of construction and our knowledgeof the typical replacement experience of many communities and other entities with the same component types.

3. The inventory included taking field measurements, measurements from aerial and satellite imagery, digitized measurement over photo imagery and takeoffsand measurements from design and as-built drawings as there were deemed to be reliable. In the case of a Level II Update the quantities provided by the Clientfrom previous studies was utilized when it was deemed to be reliable and accurate. In the case of a Level III Update all inventory data from previous studiesprovided by the Client was deemed accurate and reliable.

4. Our projections of remaining useful life are not architectural or engineering recommendations for executing specific projects. As the end of the remaininguseful life approaches, as set forth in this study, the association should seek professional architectural, engineering, contractor, service providers or qualifiedproduct manufacturer or supplier assistance, as appropriate, and as to the need for and the scheduling of each specific replacement project. Particularly those ofany significant magnitude.

5. An asset can be made up of several components that need to be maintained, repaired and replaced. Other elements of the asset may be consideredpermanent with respect to the asset. The schedule of components provided herein, is based upon information received from the client regarding the commonelements and/or assets that the client is responsible for. It is the client's responsibility to verify that the schedule of components is complete.

6. Financial information including the present fund balance, interest from funds on deposit, and recent capital expenditures, were provided by the Associationand are deemed reliable and complete by Design/Management Associates, Inc.


Page No. 3

7. Information provided by the Association about prior reserve replacement projects is considered to be reliable and complete. No inspection byDesign/Management Associates, Inc. should be interpreted as a project audit or quality inspection.

8. Industry Life Expectancy is based on printed product literature, product or material warranties, industry standards literature, and on the opinions ofmanufacturers, installers, or maintenance contractors based on their experience with these products and materials.

9. Unit prices are based on published unit price standards such as R. S. Means "Residential Cost Data", Facilities Maintenance and Repair Cost Data, and"Facilities Construction Cost Data", latest editions, and on pricing obtained from contractors, installers, or manufacturers. All prices are given in present dollarsunless noted otherwise. Prices listed are not guaranteed as exact quotes for work included.

10. This analysis incorporates assumptions about the future rate of inflation, and the future interest income on your account deposits. If significant changesoccur in either of these rates, this calculation should be re-run with current information.

11. The results of this analysis are predicated on your contributing the recommended amount in each previous year and on expenses occurring generally aspredicted. The Reserve Study should be updated at least every 3 to 5 years, which may depend on statutory requirements, to correct for normal variations.However if significant changes occur in your present funding or in major expenses, in a shorter period of time, the account should be re-run.

12. DMA’s Capital Replacement Reserve Studies are designed to be used as planning tools. They are a reflection of information provided by the Association andour analytical inputs, and are assembled for the Association’s use. This reserve study should not be used for the purpose of performing an audit, quality/forensicanalysis, or for background checks of historical records.

DISCLOSUREDMA does not have any financial interest in this community, its management company or any vendor mentioned or used in this study beyond this work. Thisstudy represents all facts know to DMA at the time of it's preparation that if purposefully omitted would cause a distortion of the Association's situation regardingit's capital reserve plan.

LEGAL RESTRICTIONS ON USE OF THIS INFORMATIONOwnership of Reports, Electronic Files, Data, Media, Software Programs and Other Related Materials: Reports, electronic files, data, media, softwareprograms and other related materials are instruments of professional service. Therefore, the aforementioned are considered the intellectual property of DMA andshall remain the exclusive property of DMA and, where appropriate, shall be protected and copyrighted under the laws of the United States with all rightsreserved. The Client and the Property Manager (Client’s authorized representative or agent) are the only entities entitled to use these documents and only inconnection with this project. Distribution of these documents and any electronic files, data, media, software programs, written and electronic communications,and other related materials produced by DMA relative to this project, and in accordance with the provisions of the Agreement, to ANY THIRD PARTIES is strictlyprohibited without the express written consent of DMA.

Use of Electronic Files, Media, Software and Programs: DMA may transmit these documents as electronic files. DMA shall not be responsible for anyviruses that may be transmitted with the electronic files, media, software or programs furnished to the Client. DMA shall not be responsible for any data erosion,erasure, alteration or failure of electronic files, media, software or programs that may occur at the time of transmission or over time. DMA makes no warranty asto the compatibility of the electronic files, media, software or programs with any operating system or programs.

Acceptance and Agreement: By accepting these documents I hereby acknowledge that I have read and understood the Legal Restrictions On Use of ThisInformation set forth above and that as a duly authorized representative or agent of the Client, represent that the Client agrees to accept and abide by the same.

Page No. 4

The cost estimating data was prepared by:

COMMUNITY INFORMATION

Association Name:

Community Location / Address:

Community Size (Number of Units):

Unit Type(s):

Management:

Represented by:

Telephone and E-mail:

Year(s) constructed:

Scope of Reserves:

Crossroads Farm Property Owners Association

67 Cross Keys Road, Harrisonburg, VA 22801

221

Single Family

2002

EXECUTIVE SUMMARY CROSSROADS FARM AMENITIES

RESERVE SPECIALIST AND STAFF RESPONSIBLE FOR THIS ANALYSIS

This study and field survey, inventory and condition assessmetn was conducted and prepared under the direct supervision of:

Tim R. Gebott, who has over 40 years construction contract estimating and programming experience. Mr. Gebott holds a BS degree in Civil Engineering.

The Crossroads Farm amenities, are located at the community entrance and at the community park on Frederick Road. The golf course is owned by a separate country club. The private roads are covered by a separate reserve account. The asphalt pavement (Park Walkways) are free-form walkways that run through the park. The asphalt pavement is 2" - 4" thick and set on a 4" - 8" stone base. There are two seating areas in the park that have low retaining walls set into the grade to provide seating. The walls are constructed of concrete block on concrete footings, and faced with thin-set stone. The entrance sign is supported on a stone and CMU wall, 46' x 2'-8" high. Crossroads Farm Sign are raised metal letters that say “CROSSROADS FARM”. The irrigation system is operated by electro-mechanical “controllers” which phase the usage of different branches of the system so that water demand and quantity of output at each location are controlled. The irrigation system itself is not included in the reserve account due to heavy on-going maintenance. Entrance Rail Fencing is a rail-and-cross buck style fence in white vinyl, and runs along the front of the community on either side of the entrance, and along the entrance road into the community. Signs include street name signs, stop signs, and a few other traffic signs.

CROSSROADS FARM AMENITIES

Old Dominion Realty

Ms. Betty Reese, CMCA, AMS

540-433-2454 xt 1005 [email protected]

Lynette Wuensch, a Reserve Specialist certified by the Community Association Institute and a registered Professional Engineer in Virginia, Florida and North Carolina. Ms. Wuensch holds a BS degree in Environmental Engineering.


Page No. 5

0.10%$27,794 as of 7/31/2017

$0$27,794 as of 7/31/2017

$2,949 for 2017$2,949$2,949

2.41%0.00%

Amount Year$2,949.00 2018$2,949.00 2019$2,949.00 2020$2,949.00 2021

COMMENTS:

Balance on account:Less contributions already made this year:Plus expenditures already made and/or scheduled:Money held in investment accounts:Total balance:

CASH FLOW FUNDING MODEL (current as of the latest date on the cover of this report):

Reserve Account Contribution in Study Year:Current budgeted contribution for study year:Recommended contribution for study year from Reserve Funding Navigator worksheet:Remaining contribution to be made for study year:

Reserve Funding Projections for next Four Years (from Reserve Funding Navigator):

The projected inflation rate used in this printout is:The projected annual contribution escalation rate in this printout is:

Projected Inflation and Escalation Rates (from Reserve Funding Navigator):

Current Reserve Account Balance Information:Average annual income rate on reserve deposit accounts:

FINANCIAL SUMMARY

Page No. 6

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 2045 2046

years Annual escalation to the contribution per year, if any:per year

Threshold Balance to be Maintained in Account: Annual Contribution in Year:A selected minimum balance of: OR Current 2017Total of the next 30 years of expenditures, times: 50 Recommended 2018

Adopted 201920202021

The graph is called a "navigator" because the funding model can be adjusted from here to react to varying inflation rates, interest rates, actual adjusted accountbalances, and variations in reserve expenditures and project schedules based on your community's actual experience, and in response to changes in priorities. Theseadjustments can be performed in real time during a live working session, where the participants can see the impact of any and all changes on the account, anddetermine how to respond to them.

If this navigator shows an inflation rate of 0.0% and an annual escalation to the contribution of 0.0% then all numbers in the analysis shown are in current dollars only.These rates will be adjusted in the live working session.

$2,949

Anticipated annual construction inflation rate:

$2,949$2,949

$2,949$2,949

$05.0%

EXPENDITURE

Inflation rate historical period; select year : 0.0%

The graph above is a pictorial representation of the cash flow funding model used for this analysis. It illustrates the projected reserve account balance in each of thenext 30 years (green bars) as it is impacted by the projected reserve expenditures over the same period (red bars). The yellow line is an arbitrary threshold or "floor" ofthe reserve account - a line that we will design the model to keep the account balance equal to or greater than in the year(s) when it is drawn down to the lowestbalance. It essentially represents a contingency balance that the account will always have available over and above the amounts required to fund all of the componentswhen the funding model projects them to be replaced.

RESERVE FUNDING NAVIGATORCASH FLOW METHODOLOGY

$2,949$2,949

052.41%

Current

CROSSROADS FARM AMENITIES

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

DOLL

ARS

YEARSEXPENDITURES ACCOUNT BALANCE THRESHOLD

ALL EXPENDITURES ARE EXPRESSED AS FUTURE VALUES


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Page No. 7

2017 2018Sum of 2017 Sum of 2018LINE NUMBER COMPONENT NAME LOCATION Total LINE NUMBER COMPONENT NAME LOCATION Total

1.001 Asphalt walkway $12,421Grand Total $12,421

CROSSROADS FARM AMENITIESEXPENDITURE SUMMARYDMA

Interactive Reserve AnalysisCopyright © 2016 DMA, Inc..

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1.101 Street name signs (blank) $5,7041.121 Traffic control signs (blank) $3,3581.131 Irrigation system electro mech (blank) $874

Grand Total $9,936

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1.071 Sign lettering (blank) $1,5411.091 Vinyl fence, 3-rail (blank) $4,4851.111 Wood sign post (blank) $4,514

Grand Total $10,540

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1.001 Asphalt walkway $12,4211.121 Traffic control signs (blank) $3,3581.131 Irrigation system electro mechan (blank) $874

Grand Total $16,653

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1.021 Stone retaining walls, mortar set(blank) $6721.041 Stone retaining walls, mortar set(blank) $3601.081 Sign lettering (blank) $1,541

Grand Total $2,573

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1.101 Street name signs (blank) $5,7041.121 Traffic control signs (blank) $3,3581.131 Irrigation system electro mechan (blank) $874

Grand Total $9,936

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YEAR 1 2 3 4 5CALENDAR YEAR 2017 2018 2019 2020 2021

PROGRAMMED EXPENDITURES, PRESENT WORTH VALUESSCHEDULE OF REPAIRS AND REPLACEMENTS $12,421 $0 $0 $0 $0CAPITAL IMPROVEMENT PROJECTS $0 $0 $0 $0 $0

BEGINNING YEAR BALANCE $27,794 $18,322 $21,290 $24,260 $27,233FINANCIAL ANALYSIS SUMMARY

INCOMECONTRIBUTION TO RESERVES $2,949 $2,949 $2,949 $2,949 $2,949LOAN DEPOSITS $0 $0 $0 $0 $0PLUS SPECIAL ASSESSMENTS $0 $0 $0 $0 $0PLUS OTHER FUNDS COMING DUE $0 $0 $0 $0 $0PLUS INVESTMENT INCOME ON PRIOR YEAR'S ENDING BALANCE $0 $18 $21 $24 $27INVESTMENT 1 $0 $0 $0 $0 $0INVESTMENT 2 $0 $0 $0 $0 $0TOTAL INCOME $2,949 $2,967 $2,970 $2,973 $2,976

EXPENDITURES, FUTURE VALUESSCHEDULE OF REPAIRS AND REPLACEMENTS $12,421 $0 $0 $0 $0CAPITAL IMPROVEMENT PROJECTS $0 $0 $0 $0 $0FINANCIAL LOAN PAYMENT $0 $0 $0 $0 $0OTHER DISBURSEMENTS $0 $0 $0 $0 $0TOTAL EXPENDITURES $12,421 $0 $0 $0 $0

END OF YEAR BALANCE $18,322 $21,290 $24,260 $27,233 $30,210

MINIMUM ACCOUNT THRESHOLDCALCULATED THRESHOLD AS A % OF TOTAL 30 YEAR COSTS $3,103 $3,178 $3,254 $3,333 $3,413FUNDING OBJECTIVE MET? YES YES YES YES YESMINIMUM REQUIRED CASH TRANSFER $0 $0 $0 $0 $0

ESCALATION, INFLATION, EARNINGS RATESANNUAL CONTRIBUTION ESCALATION: N/A 0.00% 0.00% 0.00% 0.00%ANNUAL CONSTRUCTION COST ESCALATION: N/A 2.41% 2.41% 2.41% 2.41%ANNUAL RESERVE ACCOUNT INCOME RATE 0.10% 0.10% 0.10% 0.10% 0.10%

CASH FLOW SPREADSHEETCROSSROADS FARM AMENITIES


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YEARCALENDAR YEAR

PROGRAMMED EXPENDITURES, PRESENT WORTH VALUESSCHEDULE OF REPAIRS AND REPLACEMENTSCAPITAL IMPROVEMENT PROJECTS

BEGINNING YEAR BALANCEFINANCIAL ANALYSIS SUMMARY

INCOMECONTRIBUTION TO RESERVESLOAN DEPOSITSPLUS SPECIAL ASSESSMENTSPLUS OTHER FUNDS COMING DUEPLUS INVESTMENT INCOME ON PRIOR YEAR'S ENDING BALANCEINVESTMENT 1INVESTMENT 2TOTAL INCOME

EXPENDITURES, FUTURE VALUESSCHEDULE OF REPAIRS AND REPLACEMENTSCAPITAL IMPROVEMENT PROJECTSFINANCIAL LOAN PAYMENTOTHER DISBURSEMENTSTOTAL EXPENDITURES

END OF YEAR BALANCE

MINIMUM ACCOUNT THRESHOLDCALCULATED THRESHOLD AS A % OF TOTAL 30 YEAR COSTSFUNDING OBJECTIVE MET?MINIMUM REQUIRED CASH TRANSFER

ESCALATION, INFLATION, EARNINGS RATESANNUAL CONTRIBUTION ESCALATION: ANNUAL CONSTRUCTION COST ESCALATION: ANNUAL RESERVE ACCOUNT INCOME RATE


6 7 8 9 102022 2023 2024 2025 2026

$9,936 $0 $0 $0 $0$0 $0 $0 $0 $0

$30,210 $21,996 $24,967 $27,941 $30,918

$2,949 $2,949 $2,949 $2,949 $2,949$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$30 $22 $25 $28 $31$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$2,979 $2,971 $2,974 $2,977 $2,980

$11,193 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$11,193 $0 $0 $0 $0

$21,996 $24,967 $27,941 $30,918 $33,898

$3,495 $3,579 $3,666 $3,754 $3,844YES YES YES YES YES$0 $0 $0 $0 $0

0.00% 0.00% 0.00% 0.00% 0.00%2.41% 2.41% 2.41% 2.41% 2.41%0.10% 0.10% 0.10% 0.10% 0.10%

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YEARCALENDAR YEAR





END OF YEAR BALANCE




11 12 13 14 152027 2028 2029 2030 2031

$10,540 $0 $0 $0 $0$0 $0 $0 $0 $0

$33,898 $23,508 $26,480 $29,456 $32,434

$2,949 $2,949 $2,949 $2,949 $2,949$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$34 $24 $26 $29 $32$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$2,983 $2,973 $2,975 $2,978 $2,981

$13,373 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$13,373 $0 $0 $0 $0

$23,508 $26,480 $29,456 $32,434 $35,415


0.00% 0.00% 0.00% 0.00% 0.00%2.41% 2.41% 2.41% 2.41% 2.41%0.10% 0.10% 0.10% 0.10% 0.10%


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YEARCALENDAR YEAR





END OF YEAR BALANCE




16 17 18 19 202032 2033 2034 2035 2036

$16,653 $0 $0 $0 $0$0 $0 $0 $0 $0

$35,415 $14,599 $17,562 $20,529 $23,499

$2,949 $2,949 $2,949 $2,949 $2,949$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$35 $15 $18 $21 $23$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$2,984 $2,964 $2,967 $2,970 $2,972

$23,801 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$23,801 $0 $0 $0 $0

$14,599 $17,562 $20,529 $23,499 $26,471


0.00% 0.00% 0.00% 0.00% 0.00%2.41% 2.41% 2.41% 2.41% 2.41%0.10% 0.10% 0.10% 0.10% 0.10%


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YEARCALENDAR YEAR





END OF YEAR BALANCE




21 22 23 24 252037 2038 2039 2040 2041

$2,573 $0 $0 $0 $0$0 $0 $0 $0 $0

$26,471 $25,304 $28,279 $31,256 $34,236

$2,949 $2,949 $2,949 $2,949 $2,949$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$26 $25 $28 $31 $34$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$2,975 $2,974 $2,977 $2,980 $2,983

$4,142 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$4,142 $0 $0 $0 $0

$25,304 $28,279 $31,256 $34,236 $37,219


0.00% 0.00% 0.00% 0.00% 0.00%2.41% 2.41% 2.41% 2.41% 2.41%0.10% 0.10% 0.10% 0.10% 0.10%


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YEARCALENDAR YEAR





END OF YEAR BALANCE




26 27 28 29 302042 2043 2044 2045 2046

$9,936 $0 $0 $0 $0$0 $0 $0 $0 $0

$37,219 $22,186 $25,157 $28,131 $31,108

$2,949 $2,949 $2,949 $2,949 $2,949$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$37 $22 $25 $28 $31$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$2,986 $2,971 $2,974 $2,977 $2,980

$18,020 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0$0 $0 $0 $0 $0

$18,020 $0 $0 $0 $0

$22,186 $25,157 $28,131 $31,108 $34,088


0.00% 0.00% 0.00% 0.00% 0.00%2.41% 2.41% 2.41% 2.41% 2.41%0.10% 0.10% 0.10% 0.10% 0.10%


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ASSESSMENT ALLOCATIONCROSSROADS FARM AMENITIES

TOTAL BUDGET

Year Reserve Assessment

Operating Budget Assessment Total Assessment

Reserves as a Percentage of Total

Assessment

Annual Increase In Total Assessment

2017 $2,949.00 $129,651.00 $132,600.00 2.22%

2018 $2,949.00 $132,775.14 $135,724.14 2.17% 2.36%

2019 $2,949.00 $135,974.55 $138,923.55 2.12% 2.36%

2020 $2,949.00 $139,251.06 $142,200.06 2.07% 2.36%

2021 $2,949.00 $142,606.53 $145,555.53 2.03% 2.36%

ALLOCATION CALCULATIONS221

Unit Type Single FamilyPercentage Allocation To Unit Type 100.00%

221

Annual Contribution Per Unit TypeYear Reserve

AssessmentOperating Budget

Assessment Total Assessment Special Assessments

2017 $13.34 $586.66 $600.00 $0.002018 $13.34 $600.79 $614.14 $0.002019 $13.34 $615.27 $628.61 $0.002020 $13.34 $630.10 $643.44 $0.002021 $13.34 $645.28 $658.62 $0.00

Monthly Contribution Per Unit TypeYear Reserve

AssessmentOperating Budget

Assessment Total Assessment

2017 $1.11 $48.89 $50.00 2018 $1.11 $50.07 $51.18 2019 $1.11 $51.27 $52.38 2020 $1.11 $52.51 $53.62 2021 $1.11 $53.77 $54.89

Total Number of Units

Number of Units of This Type


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SCHEDULE OF COMPONENTSCROSSROADS FARM AMENITIES

LINE NUMBER COMPONENT NAME

FIELD MEASURED

QUANTITY OR COUNT

UNITS% QUANTITY TO BE REPLACED EACH

OCCURRENCECOMMENTS AND DESCRIPTION OF SPECIAL CONDITIONS

LAST IN- SERVICE

DATE

2002

1.00

1.00 Asphalt walkway 856 SY 100% PEALE'S PARK WALKWAY RESURFACING 2002

1.01 Stone retaining walls 336 SF 100% PEALE'S PARK RETAINING WALLS 2002

1.02 Stone retaining walls, mortar set 336 SF 100% PEALE'S PARK RETAINING WALLS 2002

1.03 Stone retaining walls 180 SF 100% BELLAVISTA CMU / STONE ENTRANCE WALL 2002

1.04 Stone retaining walls, mortar set 180 SF 100% BELLAVISTA CMU / STONE ENTRANCE WALL 2002

1.05 Stone retaining walls 200 SF 100% RED CLIFF LANE ENTRANCE MONUMENTS 2012

1.06 Stone retaining walls, mortar set 200 SF 100% RED CLIFF LANE ENTRANCE MONUMENTS 2012

1.07 Sign lettering 14 EA 100% BELLAVISTA ENTRANCE SIGN LETTERS 2002

1.08 Sign lettering 14 EA 100% RED CLIFF LANE ENTRANCE SIGN LETTERS 2012

1.09 Vinyl fence, 3-rail 233 LF 100% BELLAVISTA ENTRANCE RAIL FENCING 2002

1.10 Street name signs 20 EA 100% STREET NAME SIGNS 2002

1.11 Wood sign post 20 EA 100% STREET NAME SIGN POST 2002

1.12 Traffic control signs 37 EA 33% TRAFFIC / INFORMATION SIGNS 2002

1.13 Irrigation system electro mechanical controller 1 EA 100% IRRIGATION CONTROLLERS 2002

BASIC COMPONENT INFORMATION AGESITE VISIT INFORMATION


Page No. 30

LINE NUMBER COMPONENT NAME

1.00

1.00 Asphalt walkway

1.01 Stone retaining walls

1.02 Stone retaining walls, mortar set





1.07 Sign lettering

1.08 Sign lettering

1.09 Vinyl fence, 3-rail

1.10 Street name signs

1.11 Wood sign post

1.12 Traffic control signs

1.13 Irrigation system electro mechanical controller

BASIC COMPONENT INFORMATION


LOCATION CCI 86.1 BASE CCI 86.1CURRENT

ESTIMATED USEFUL LIFE

(EUL)

REPLACEMENT INTERVAL

AFTER FIRST REPLACEMENT

REMAINING USEFUL LIFE OR

YEARS PAST DUE

NEXT REPLACEMENT

YEAR

% OF TOTAL QUANTITY TO BE

REPLACEDUNITS QUANTITY OR

COUNT UNIT COST REPLACEMENT COST, PER OCCURRENCE

DEFAULT DEFAULT 2017 AUTO CALC NO EDITING NO EDITING NO EDITING NO EDITING NO EDITING

15 15 0 2017 100% SY 856 $14.51 $12,420.56

50 50 35 2052 100% SF 336 $39.84 $13,386.24

35 35 20 2037 100% SF 336 $2.00 $672.00

50 50 35 2052 100% SF 180 $46.55 $8,379.00

35 35 20 2037 100% SF 180 $2.00 $360.00

50 50 45 2062 100% SF 200 $46.55 $9,310.00

35 35 30 2047 100% SF 200 $2.00 $400.00

25 25 10 2027 100% EA 14 $110.06 $1,540.84

25 25 20 2037 100% EA 14 $110.06 $1,540.84

25 25 10 2027 100% LF 233 $19.25 $4,485.25

20 20 5 2022 100% EA 20 $285.22 $5,704.40

25 25 10 2027 100% EA 20 $225.68 $4,513.60

10 10 (5) 2012 33% EA 37 $275.00 $3,357.75

10 10 (5) 2012 100% EA 1 $874.27 $874.27

COMPONENT LIFECYCLE AND COSTINGCROSSROADS FARM AMENITIES

LIFE CYCLEREPLACEMENT COST

Page No. 31

Year Index Difference % IncreaseDirect Cost Multiplier Period in Years

Average Annual Escalation Month

2015 206.7 0 0.00% 1.0000 0 n/a As of January2014 204.9 1.8 0.88% 1.0088 1 0.88% July2013 201.2 5.5 2.73% 1.0273 2 1.36% July2012 194.6 12.1 6.22% 1.0622 3 2.03% July2011 191.2 15.5 8.11% 1.0811 4 1.97% July2010 183.5 23.2 12.64% 1.1264 5 2.41% July2005 151.6 55.1 36.35% 1.3635 10 3.15% July2000 120.9 85.8 70.97% 1.7097 15 3.64% July

HISTORIC COST INDICESSource: R.S. MEANS


Page No. 32

Documents

CROSSROADS FARM AMENITIES