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									                                          Bayview Village
                                     BUDGET SUMMARY, HOA Fee
This budget summarizes the four tabs below. It is a good faith estimate from plans prior to construction for planning purposes, not a budget
meeting DRE reqirements, which will be prepared later if the project is funded. It uses the formating of DRE Form 623 for planning purposes,
but will not be submitted to DRE in this form.
       SUBDIVISION IDENTIFICATION AND LOCATION
NAME AND/OR TRACT NUMBER
BAYVIEW VILLAGE
NAME TO BE USED IN ADVERTISING (IF DIFFERENT THAN NAME OR TRACT NUMBER)


STREET ADDRESS (IF ANY)                                                   CITY                     COUNTY
Overlook Ave. at Carlos Bee Blvd.                                         Hayward                  Alameda
                                                     TYPE OF SUBDIVISION
                                                    Condominium                                    Planned Development Land Project
                                                    Condominium Conversion                         Planned Development Mobile Home
                                                    Stock Cooperative                              Community Apartment
                                                    Stock Cooperative Conversion                   Out of State
                                                    Limited Equity Housing                         Undivided Interest
                                                    Planned Development                            Undivided Interest Land Project

NUMBER OF UNITS/LOTS                                      PHASE #         TOTAL # IN PROJECTPREVIOUS DRE FILE ## OF ACRES
Units                                    1,026             pending                                                34.92
Commercial                                 2
Total                                    1,028             pending                  1028                                         34.92

 BUDGET PREPARER
NAME                                ATTENTION                             TELEPHONE NUMBER
Golden Consulting Group             Brenda Ohm, RS,PRA                    (925) 373-6316
brenda@goldenconsultinggroup.com                                          (877) 697-6977
ADDRESS                                                                   CITY                     ZIP CODE
2415 San Ramon Valley Blvd, Suite 4 Box 366                               San Ramon                94583
Some estimates and formatting by Sherman Lewis, Presdent,Hayward Area Planning Association
  CERTIFICATION
I declare under penalty of perjury that the representations and answers to questions in this document and all documents submitted as
part of the homeowners budget are true and complete to the best of my knowledge and belief.
"The undersigned certifies that this electronic and edited recreation of Department of Real Estate form RE 623 contains at least the
same information as the DRE approved form."
SIGNATURE OF BUDGET PREPARER                                              DATE
                                                                                 7-Aug-12




Bayview Village Budget Summary                                 Page 1 of 53
                                                                         Monthly Assessment
                                  Common Area Mixed Use Block               Sixplexes            Townhouses              Total
Unit Type           Num ber of Units 1,028   190 + 2 Commercial                498                  336                  1,028
studio                                $96            $46                                                                 $142
one bedroom                           $99            $47                                                                 $145
2 bdrm/1bth sixplex                  $107                                      $13                                       $121
2 bdrm/2bth sixplex                  $109                                      $14                                       $123
three bedroom TH                     $130                                                            $38                 $168
four bedroom TH                      $137                                                            $40                 $177
five bedroom TH                      $150                                                            $45                 $195
Manager Units                        $130                                                            $38                 $168
Commercial Store                     $168            $77                                                                 $245
Commercial Café                      $125            $58                                                                 $183

Verification of Assessments

           Type Units                  Size          Quantity         Monthly Assessment        Total Monthly         Total Annual
studio                                      441         40                              $142                 $5,663        $67,955
one bedroom                                 523         150                             $145                $21,805       $261,666
2 bdrm/1bth sixplex                         795         186                             $121                $22,473       $269,673
2 bdrm/2bth sixplex                         859         312                             $123                $38,519       $462,227
three bedroom TH                          1,499         170                             $168                $28,487       $341,849
four bedroom TH                           1,702         102                             $177                $18,008       $216,096
five bedroom TH                           2,115         64                              $195                $12,465       $149,583
Manager Units                             1,499          2                              $168                   $335         $4,022
Commercial Store                          2,688          1                              $245                   $245         $2,937
Commercial Café                           1,344          1                              $183                   $183         $2,197
Total                                                  1028                                                $148,184     $1,778,205
Verification from Budget Detail                                                                            $148,184     $1,778,205


                                                   BUDGET DETAIL
                                  Common Budget      MU Block                Sixplex             TownHouse               Total
Operating and Reserve Budget          Units            Units                  Units                Units                Annual
                                      1,028     190 + 2 Commercial             498                  338                 Budget
Property Taxes                               $0                  $0                        $0                   $0              $0
Corporation Franchise Taxes                $810                  $0                        $0                   $0            $810
Insurance Property                     $417,792                  $0                        $0                   $0        $417,792
Local License & Inspection                 $350              $1,400                        $0                   $0          $1,750
Estimated Income Taxes                       $0                  $0                        $0                   $0              $0
Electricity                              $3,863              $6,777                    $2,259                   $0         $12,899
Gas                                        $653                  $0                        $0                   $0            $653
Water                                      $408                $569                        $0                   $0            $978
Sewer/ Septic Tanks                        $178                $355                        $0                   $0            $533
Cable TV/ Master Antenna                $36,864                  $0                        $0                   $0         $36,864
Custodial Area                          $14,400             $45,500                        $0                   $0         $59,900
Custodial Supplies                       $3,000                  $0                        $0                   $0          $3,000
Landscape Area                          $51,964                  $0                        $0                   $0         $51,964
Landscape Supplies                       $3,000                  $0                        $0                   $0          $3,000
Refuse Disposal                            $200              $1,000                        $0                   $0          $1,200
Elevator                                 $1,000              $4,000                        $0                   $0          $5,000


Bayview Village Budget Summary                            Page 2 of 53
Street, Parking, Drive Cleaning/Sweeping $19,850           $0            $0         $0     $19,850
Heating & Air Conditioning Maintenance Area $0             $0            $0         $0          $0
Swimming Pool                                   $0         $0            $0         $0          $0
Spa                                             $0         $0            $0         $0          $0
Swimming Pool/Spa Supplies                      $0         $0            $0         $0          $0
Tennis Court                                    $0         $0            $0         $0          $0
Access Control                                  $0         $0            $0         $0          $0
Guard Hours Per Day                             $0         $0            $0         $0          $0
Motorized Garage Gate                           $0         $0            $0         $0          $0
Intercom & Telephone Entry                      $0         $0            $0         $0          $0
Annual Reserve Update                       $1,000         $0            $0         $0      $1,000
Minor Repairs                              $37,008     $4,608        $5,976     $4,056     $51,648
Fire Sprinkler Inspections                 $24,576         $0            $0         $0     $24,576
Fire Alarm and Security Surveillance System$12,288         $0            $0         $0     $12,288
Maintenance Manual & Property Inspections $2,400           $0            $0         $0      $2,400
Pest Control                                $2,400         $0            $0         $0      $2,400
Storm Drain Maintenance & Inspection        $2,400         $0            $0         $0      $2,400
                                          $718,200
Ecopass Village Bus and Taxi Voucher Operating             $0            $0         $0    $718,200
Minivan and electrocart operation           $4,000         $0            $0         $0      $4,000
Manager with apartment                     $70,000         $0            $0         $0     $70,000
                                           $40,000
Assistant Manager with apartment (value $24,000)           $0            $0         $0     $40,000
Part Time Assistant Manager, no apartment $30,000          $0            $0         $0     $30,000
                                           $43,200
Part-timers, 3,000 hours, $14.40/hour compensation         $0            $0         $0     $43,200
Legal & CPA Services                        $6,144         $0            $0         $0      $6,144
Accounting                                 $24,576         $0            $0         $0     $24,576
Education                                   $2,900         $0            $0         $0      $2,900
Misc. Office Expenses includes lock box $12,288            $0            $0         $0     $12,288
Contingency (at least 3%)                  $46,864     $2,641        $3,855     $4,376     $57,735
RESERVES                                  $66,897     $40,738       $70,331   $152,551    $330,517
SUB TOTAL BUDGET                       $1,701,474    $107,588       $82,421   $160,982   $2,052,465
Revenue Off Set                         -$274,260           $0          $0         $0    -$274,260
ANNUAL TOTAL BUDGET                    $1,427,214    $107,588       $82,421   $160,982   $1,778,205
MONTHLY TOTAL BUDGET                    $118,934       $8,966        $6,868    $13,415    $148,184
DRE Budget Worksheet Verification       $118,934       $8,966        $6,868    $13,415    $148,184

 RESERVE CALCULATIONS ARE GOOD FOR ONE YEAR ONLY




Bayview Village Budget Summary                       Page 3 of 53
                                 # OF ACRES




Bayview Village Budget Summary                Page 4 of 53
    General - Common Budget             Bayview Village           Page 5 of 53

COMMON BUDGET FOR BAYVIEW VILLAGE




    RE FORM 623 (Rev. 4/07)         Golden Consulting Group   Printed 8/7/2012
            General - Common Budget                                                                     Bayview Village                                                                    Page 6 of 53

IMPROVEMENTS WORKSHEET
* If this phase will have any line items on page 3, 4 and 5 hereof exempted from payment of assessments under Regulation 2792.16(c), asterisk those items on pages 3, 4 and 5 and list
any partially deferred costs on a separate sheet showing calculations and attach. All exempted improvements must be covered by reasonable arrangements for completion. Include
Planned Construction Statement (RE611A) for review.


1. Number of buildings containing residential units/lots.                                                                                                426
2. Estimated completion date for the residential units included in this phase.                                                                          2020
3. Estimated completion date for the common area and facilities included in this phase.                                                                 2020
4. Type of residential building for this project (i.e., high-rise, cluster, garden, etc.).                                                           3-4 Story
5. Type of construction for these buildings (i.e., steel, concrete, wood frame, etc.).                                                        Modular Wood Frame
6. Type of roof (i.e., shake, etc.).                                                                                                        Flat Integrated Solar Roof
7. Type of paving used in the project.                                                                                                   Rubberized Asphalt or Grasscrete
8. Type of exterior wall for residential buildings.                                                                                          HardiPlank Lap Siding
9. Number of residential units per building.                                                                                                           1 to 40
10. Number of floors per building.                                                                                                                     2 to 4
11. Number of bedrooms per unit.                                                                                                                Studio to 5 bdrms
12. Square footage of units/lots. (List number and size of each unit type).
                                                                      Residential        Commercial
Living Area
                                                                        Sq. Ft.            Sq. Ft.                                     Qnty                               Total
studio                                                                        441                                                        40                                  17,620
one bedroom                                                                   523                                                       150                                  78,475
two bed one bath in sixplex                                                   795                                                       186                                 147,870
two bed two bath in sixplex                                                   859                                                       312                                 268,008
three bedroom TH                                                            1,499                                                       170                                 254,753
four bedroom TH                                                             1,702                                                       102                                 173,604
five bedroom TH                                                             2,115                                                        64                                 135,339
manager uits                                                                1,499                                                        2                                    2,997
Commercial Store                                                                                2,688                                    1                                    2,688
Commercial Café                                                                                 1,344                                    1                                    1,344
Total Units & Area                                                                                                                     1,028                              1,082,698
13. Type of parking facilities and number of spaces (i.e., detached garage, tuck-under, subterranean, carport, open, etc.).
  100 carport leased spaces                                                                                                                                                      100
  15 car share/rental spaces                                                                                                                                                      15
  20 public metered spaces                                                                                                                                                        20
Total Parking                                                                                                                                                                     135


                                                                                  BUDGET SUMMARY
                                                                                                                                    Per Unit Per       Total        Total    Annual
                                                           100-FIXED COSTS                                                             Month          Monthly
           101 Property Taxes                                                                                                               0.00               0                  0
           102 Corporation Franchise Taxes                                                                                                  0.07              68                810
           103 Insurance Property (Attach Insurance Quote)                                                                                 33.87          34,816            417,792
           104 Local License & Inspection                                                                                                   0.03              29                350
           105 Estimated Income Taxes                                                                                                       0.00               0                  0
                                                                                                                   100 SUB TOTALS          33.96          34,913            418,952
                                                       200-OPERATING COSTS
           201 Electricity (see worksheet)                                                                                                  0.31             322                3863
           202 Gas (see worksheet)                                                                                                          0.05              54                 653
           203 Water (see worksheet)                                                                                                        0.03              34                 408
           204 Sewer/ Septic Tanks                                                                                                          0.01              15                 178
           205 Cable TV/ Master Antenna                                                                                                     2.99           3,072               36864
           207 Custodial Area                         Community Center, 6 Restrooms & 2 Showers                                             1.17           1,200               14400
          207a Custodial Supplies                                                                                                           0.24             250                3000
           208 Landscape Area                                                                                  318,563 Area                 4.21           4,330               51964
          208a Landscape Supplies                                                                                                           0.24             250                3000
           209 Refuse Disposal                                 Waste Management Name                    510-613-8710    Number              0.02              17                 200
           210 Elevator                                                    Hydraullic Type                             1 Number             0.08              83                1000
           211 Private Street, Parking, Drive Cleaning & Sweeping                                             171,979 Area                  1.61           1,654               19850
           212 Heating & Air Conditioning Maintenance Area                                                              Area                0.00               0                   0
           213 Swimming Pool                                                           Number                           Area                0.00               0                   0
                Spa                                                                    Number                           Area                0.00               0                   0
          213a Swimming Pool/Spa Supplies                                                                                                   0.00               0                   0
           214 Tennis Court                                                            Number                           Area                0.00               0                   0
           215 Access Control                                                                                                               0.00               0                   0
                Guard Hours Per Day                                                                                                         0.00               0                   0
                Motorized Garage Gate                                                                                   Number              0.00               0                   0
                Intercom & Telephone Entry                                                                              Number              0.00               0                   0
           216 Annual Reserve Update (Reserve Study Fee included in Reserves)                                                               0.08              83                1000
           217 Miscellaneous
                Minor Repairs                                                                                                               3.00           3,084               37008

            RE FORM 623 (Rev. 4/07)                                                                Golden Consulting Group                                                             Printed 8/7/2012
          General - Common Budget                                                          Bayview Village                                                                 Page 7 of 53

             Fire Sprinkler Inspections                                                                                        1.99         2,048             24576
             Fire Alarm and Security Surveillance System                                                                       1.00         1,024             12288
             Maintenance Manual & Property Inspections                                                                         0.19            200             2400
             Pest Control                                                                                                      0.19            200             2400
             Storm Drain / V-Ditch Maintenance & Inspection                                                                    0.19            200             2400
                                                                                                       200 SUB TOTALS         17.63        18,121           217,452
Common Area                                                                                                           Per Unit Per       Total        Total Annual
Special Operating Costs                                                                                                  Month          Monthly
         219 Ecopass Village Bus and Taxi Voucher Operating Costs                                                              58.22       59,850           718,200
         220 Minivan and electrocart operation                                                                                  0.32          333             4,000
                                                                                               219-220 SUB TOTALS              58.54       60,183           722,200
                                                    300-RESERVES
    301-313 Reserves (attach reserve worksheet)                                                                                 5.42         5,575           66,897
                                                                                                    300 SUB TOTALS              5.42         5,575           66,897
                                                400-ADMINISTRATION
         401 Management (salary/wage + benefits)
             Community Manager with apartment                                                                                   5.67        5,833             70,000
             Assistant Manager with apartment (value $24,000)                                                                   3.24        3,333             40,000
             Part Time Assistant Manager, no apartment                                                                          2.43        2,500             30,000
             Part-timers, 3,000 hours, $14.40/hour compensation                                                                 3.50        3,600             43,200
         402 Legal & CPA Services                                                                                               0.50          512              6,144
         403 Accounting                                                                                                         1.99        2,048             24,576
         404 Education                                                                                                          0.24          242              2,900
         405 Misc. Office Expenses includes lock box                                                                            1.00        1,024             12,288
                                                                                                    400 SUB TOTALS             18.57       19,092            229,108
                                                                                                  (100 - 400) TOTAL           134.13      137,884          1,654,609
                                                  500-CONTINGENCY
         501 Contingency (New)                                                                          3%                      3.80         3,905            46,864
         502 Contingency (Conversion 5%)                                                                                        0.00          0.00              0.00
         503 Revenue Offset (see attached)                                                                                    (22.23)       (22855)         (274260)
                                                                                                    TOTAL BUDGET                 116    118,934.46      1,427,213.55


                                                     INCOME OPERATING AND RESERVE ASSESSMENT
MEMBERS OPERATING ASSESSMENT                                                                                                 110.27       113,360         1,360,316
MEMBERS RESERVE ASSESSMENT                                                                                                     5.42         5,575            66,897
TOTAL INCOME                                                                                                                 115.70       118,934         1,427,214

The Budget and Management Document Indicate:                                               Equal Assesmment              Variable Assessment
                                                                                                       VARIABLE MONTHLY ASSESSMENT
                                                                                                          UNIT TYPE        PUPM          QNTY         MONTHLY
                                                                                                                 studio        95.99            40        3840
                                                                                                           one bedroom         98.65           150       14798
                                                                                            two bed one bath in sixplex       107.39           186       19975
                                                                                            two bed two bath in sixplex       109.45           312       34148
                                                                                                    three bedroom TH          130.02           170       22103
                                                                                                     four bedroom TH          136.56           102       13929
                                                                                                      five bedroom TH         149.83            64        9589
                                                                                                     Commercial Store         168.26             1        168
                                                                                                     Commercial Café          125.05             1        125
                                                                                                          TOTAL                              1,026       118381
                                                                  RESERVES WORKSHEET
Common Area
DRE FILE NUMBER                                                                                             TRACT NUMBER
                                                                                                            na
                                                 (1)               (2)           (3)           (4b)            (4c)      Annual          Cost             Cost
            DESCRIPTION                        SQ. Ft.          Unit cost    Replacement      Useful         Remaining   Reserve          Per            Monthly
                                               Number          or Manual        Cost           Life            Life    Contribution      Month           Per Unit
PAINTING/STAINING
Painting: Building HardiPlank Lap Siding             7,320            0.75        $5,490               15           15          $366        $30.50             $0.03
Painting: Interior Community Room                   11,592            0.75        $8,694               10           10          $869        $72.45             $0.07
Painting: Allowance Utiility, Misc                       1           1,000        $1,000               10           10          $100         $8.33             $0.01
Painting: Interior Manager Units                     4,900            0.75        $3,675                5            5          $735        $61.25             $0.06
Painting/Staining: Fences                              800            0.75          $600               10           10           $60         $5.00             $0.00
Painting: Allowance Gates, Doors, etc                    1           1,000        $1,000               10           10          $100         $8.33             $0.01
Painting: Retaining Walls                                0               0            $0               10           10            $0         $0.00             $0.00
Painting: Red Curb, Hydrants, Striping               2,231            0.75        $1,673                3            3          $558        $46.48             $0.05
Seal/Waterproof Balcony Decks                            0            3.00            $0                5            5            $0         $0.00             $0.00
ROOFING
Roof Inspection & Repair                                   1         1,000        $1,000                5            5          $200        $16.67             $0.02


          RE FORM 623 (Rev. 4/07)                                                    Golden Consulting Group                                                           Printed 8/7/2012
          General - Common Budget                                       Bayview Village                                        Page 8 of 53

Flat Integrated Solar Roof                  3,816     4.00    $15,264             15        15    $1,018     $84.80    $0.08
Drains & Downspouts                             1    2,500     $2,500             30        30       $83      $6.94    $0.01
PAVEMENT
Concrete Walks                            127,360     6.00   $764,160             40        40   $19,104   $1,592.00   $1.55
Asphalt - Seal & Repair                    44,619     0.25    $11,155              5         5    $2,231     $185.91   $0.18
Asphalt - Overlay                          44,619     1.25    $55,774             20        20    $2,789     $232.39   $0.23
Grasscrete                                120,799     1.50   $181,199             20        20    $9,060     $754.99   $0.73
FENCES/WALLS/GATE/DECKS
Replace Fences                               100     22.50     $2,250             15        15     $150      $12.50    $0.01
Replace Gates/Doors                            1     1,000     $1,000             15        15      $67       $5.56    $0.01
Repair Retaining Walls                         0         0         $0             10        10       $0       $0.00    $0.00
   Repair/Resurface Balcony Decks @5%          0         0         $0             20        20       $0       $0.00    $0.00
FLOORING - COMMUNITY
Community Bldg: Carpet                      3,600     2.52     $9,072              7         7    $1,296    $108.00    $0.11
Community Bldg: Hardwood Flooring           3,360     7.20    $24,192             20        20    $1,210    $100.80    $0.10
Locker Room/Restroom Laminate                 240     7.20     $1,728             12        12      $144     $12.00    $0.01
Manager Units - Carpet                      2,500     2.50     $6,250             12        12      $521     $43.40    $0.04
ROOMS/FURNISHINGS & FIXTURES
Water Heater/Tanks                             2     1,800     $3,600             12        12      $300     $25.00    $0.02
Furnishing, Equipment, Fitness Center          1    20,000    $20,000             10        10    $2,000    $166.67    $0.16
Manager Units Appliances/Fixtures              2     3,000     $6,000             12        12      $500     $41.67    $0.04
ELEVATOR
Elevator Hydraulic                             1    40,000    $40,000             45        45     $889      $74.07    $0.07
Elevator Cab Remodel                           1     3,500     $3,500             15        15     $233      $19.44    $0.02
LIGHTING
Interior Lighting                             75       180    $13,500             20        20      $675     $56.25    $0.05
Exterior Lighting                            450       200    $90,000             20        20    $4,500    $375.00    $0.36
Street Lighting                               20     3,000    $60,000             20        20    $3,000    $250.00    $0.24
FIRE ALARM & SECURITY SYSTEM
Fire Alarm System/Sprinklers                   1    10,000    $10,000             20        20      $500     $41.67    $0.04
Fire Alarm System 5 Yr Certificate             1       500       $500              5         5      $100      $8.33    $0.01
Fire Extinguishers                                     100         $0             10        10        $0      $0.00    $0.00
Security System & Cameras                      1    50,000    $50,000             20        20    $2,500    $208.33    $0.20
LANDSCAPING
Irrigation System (all) - Village Sq.          1     2,500     $2,500             15        15      $167     $13.89    $0.01
Fountains                                      1    20,000    $20,000             20        20    $1,000     $83.33    $0.08
Water Fountain Pumps & Motors                  1     5,000     $5,000             10        10      $500     $41.67    $0.04
Tree Trimming                                  1     1,000     $1,000              3         3      $333     $27.78    $0.03
SERVICE SYSTEMS
Sewer Lateral Lines                            1    40,000    $40,000             45        45     $889      $74.07    $0.07
Wood Destroying Pest Eradication/Repair        1     1,500     $1,500             15        15     $100       $8.33    $0.01
Storm Drain System & Repair                    1    20,000    $20,000             45        45     $444      $37.04    $0.04
OTHER
Mailboxes                                   1,030       50    $51,500             30        30    $1,717    $143.06    $0.14
Entry Monument                                  1    5,000     $5,000             30        30      $167     $13.89    $0.01
Misc Signage                                    1    5,000     $5,000             10        10      $500     $41.67    $0.04
Reserve Study                                   1    8,000     $8,000              3         3    $2,667    $222.22    $0.22
Unallocated Reserve Funds @3%                                                                     $2,557    $213.09    $0.21




          RE FORM 623 (Rev. 4/07)                                 Golden Consulting Group                                  Printed 8/7/2012
     General - Common Budget                                                       Bayview Village                                                          Page 9 of 53

TOTAL ANNUAL RESERVES                                                                                                 $66,897.34        $5,574.78   $5.42


                                                  GENERAL PROJECT INVENTORY
                                                SITE SUMMARY - TOTAL SUBDIVISION AREA
               34.92    Acres x 43,560 = TOTAL SQUARE FEET                                            1,520,979   Sq. Ft.
                    1   Buildings Area                                                                  315,480   Sq. Ft.
                    2   Garages or Carports                                                              16,200   Sq. Ft.
                    3   Recreational Facilities                                                           8,104   Sq. Ft.
                    4   Paved Surfaces                                                                  171,979   Sq. Ft.
                    5   Restricted Common Areas                                                         197,450   Sq. Ft.
                    6   Other (attach description)                                                            0   Sq. Ft.
                                                   Sub Total (1-6)                                      709,213   Sq. Ft.
                                                  Total square feet (from above)                      1,520,979   Sq. Ft.
                                                  Subtract Sub Total (1-6)                              811,766   Sq. Ft.
                                                  Remainder = Landscape Area                            811,766   Sq. Ft.
                        Total Landscape Area Maintain by Association                                    811,766   Sq. Ft.

                                                                                                                    ANNUAL             TOTAL
                                  LANDSCAPE AREA                                   PERCENTAGE         AREA
                                                                                                                    COST/S.F.         COST/S.F.
        COMMON AREA
        Ground cover                                                                     15%    120,718      $0.15                        $18,108
        Lawn                                                                             10%     85,795      $0.20                        $17,159
        Open space maintained                                                            14%    112,050      $0.06                         $6,723
        Open space non-maintained                                                        61%    498,707      $0.02                         $9,974
                                                                                    TOTAL LANDSCAPE COST PER YEAR                        $51,964

        1. Building                                    Length         Width                          Quantity                         Footprint
        MU bldg                                         432            56                               1                                  8,064
        Palisade bldg                                   432            56                               1                                  8,064
        Overlook bldg                                   576            54                               1                                  7,776
        Bee bldg                                        480            54                               1                                  6,480
        Walpert bldg (north)                            480            24                               1                                  6,480
        Walpert bldg (south)                            672            30                               1                                  9,072
        two bedroom one bath sixplex                    192            28                              31                                 27,776
        two bed two bath sixplex                        192            30                              52                                 49,920
        three bedroom TH                                 96            16                              170                                87,040
        four bedroom TH                                  96            18                              102                                58,752
        five bedroom TH                                  96            22                              64                                 45,056
        manager units                                    50            30                               2                                  1,000
        Total Buildings and Area                                                                       427                                315,480

                                                                              Total for summary Item 1 above                315,480




     RE FORM 623 (Rev. 4/07)                                                  Golden Consulting Group                                                   Printed 8/7/2012
       General - Common Budget                                                            Bayview Village                                      Page 10 of 53



GENERAL PROJECT INVENTORY (Continued)
                   2. Detached Garages & Carports
                                                          LENGTH         WIDTH              AREA OF           # OF         TOTAL AREA
                                                                    X           =         EACH BLDG          BLDGS         SQUARE FT
                        Carports                                    18          9              162            100                 16,200

                                                                                     Total for summary Item 2 above                16,200

                        3. Recreational Facilities                                                                           Foot Print
                        (a. Recreation Room, Clubhouse, or Other)                            TOTAL           NUMBER           TOTAL
                             TYPE                             LENGTH         WIDTH            AREA           BLDGS.            AREA
                        a. Bldg.
                        Village Center (Community Center)                                                             1             3,600
                        b. Pools: none
                        c. Spas: none
                        d. Tennis Courts: none
                        e. Other: Bocce Court, Tot Lot                                               4,504                          4,504
                                                       Total for summary Item 3 above                                               8,104

                        4. Paved Areas (Streets, Parking, Walkways, etc.)
                        a. Concrete (Streets, Parking, Walkways, etc.) Length    Width (average)                            Total Area
                        Concrete Walkways                                  6,368             20                                 127,360
                                                                                         Total (a) - Concrete                   127,360
                        b.                                Asphalt streets, open parking and paths                         Total Area
                        Streets: Overlook (upper)                                    498           20                              9,960
                        Streets: Overlook (lower)                                    303           30                              9,090
                        Streets: Palisade                                            137           24                              3,288
                        Busway                                                       375           24                              9,000
                        Busway on PG&E                                               280           24                              6,720
                        Car Share/Rental Area                                        135           22                              2,970
                        Paid Public Parking                                          189           19                              3,591
                                                                                                  Total (b) - Asphalt             44,619
                                                                                     Total for summary Item 4 above              171,979

                        5. Restricted Common Area (Exclusive Use Common Area)                                               Total Area
                        Enclosed Back Yards                                                                                     197,450
                                                                      Total for summary Item 5 above                            197,450

                        6. Other                                                                                            Total Area




       RE FORM 623 (Rev. 4/07)                                                       Golden Consulting Group                                Printed 8/7/2012
           General - Common Budget                                                              Bayview Village                                                                 Page 11 of 53

                                                                                          Total for summary Item 6 above                       0


                                                              ROOF RESERVE WORKSHEET

                                   TYPE          WIDTH         QUANTITY                            TOTAL                             TOTAL          NORMAL       TOTAL
  BUILDING                           OF            OF            (INCL.           PITCH             ROOF                             REPAIR           LIFE      ANNUAL
                                 ROOFING       OVERHANG       OVERHANG)         MULTIPLIER          AREA          COST / S.F.         COST          EXPECTED     COST
                               Flat Integrated Solar Roof, cost includes roof and solar equipment
Center                                                 1.06            3,816               1              3,816      4.00           $15,264        15                $1,018
                                                                                                                            TOTAL ROOF COST PER YEAR                $1,018


                                                                   PAINTING WORKSHEET
BUILDING Exterior PAINTED AREA INVENTORY
 BUILDING                                                     PERIMETER                             X 10'                            TOTAL
    TYPE                                                      PER STORY                            /STORY                            AREA
The Center                                             244                                           30                                  7,320
BUILDING PAINTING HardiPlank Lap Siding (15 Year Warranty Guarantee No Paint)
                                                                                  TOTAL            WOOD             COST             TOTAL          NORMAL      ANNUAL
 BUILDING                                                                         AREA             TOTAL          FACTOR            PAINTING          LIFE      PAINTING
    TYPE                                                                        PER BLDG.           AREA           PER S.F.          COST          EXPECTANCY    COST
The Center                                                                            7,320               7,320         0.75   5,490          15                         366
                                                                                                                       ANNUAL PAINTING WOOD COST                         366
EXTERIOR FENCING & RAILINGS
                                                                                                                    COST             TOTAL          NORMAL      ANNUAL
           DESCRIPTION/TYPE                       SIDE          LENGTH           HEIGHT            TOTAL          FACTOR            PAINTING          LIFE      PAINTING
                                                                                                                   PER S.F.          COST          EXPECTANCY    COST
Fences                                                    2               100             4.0               800             0.75          600        10                   60
allowance for gates, doors                                                                                                              1,000        10                  100
                             TOTAL LN.FT.                                                                                          ANNUAL PAINTING COST                  160
INTERIOR PAINT/SEAL Interior Painting Reserve is Determined by measuring the room perimeter and multiplying by 8' and adding ceiling area.
                                                                WALLS            CEILING                            COST             TOTAL          NORMAL      ANNUAL
              DESCRIPTION                                     LENGTH X          LENGTH X           TOTAL          FACTOR            PAINTING          LIFE      PAINTING
                                                              PERIMETER          WIDTH              AREA           PER S.F.          COST          EXPECTANCY    COST
Community Center: all rooms                                          4,392           7,200            11,592                8,694
                                                                                                                            0.75         10                               869
allowance for mailboxes, utility closets                                                                                    1,000        10                               100
Managers Units (2)                                                   2,400           2,500             4,900      0.75      3,675         5                               735
                                                                                                        TOTAL ANNUAL INTERIOR PAINTING COST                             1,704

                                                                                                                  TOTAL ANNUAL PAINTING COST                        $2,230




           RE FORM 623 (Rev. 4/07)                                                        Golden Consulting Group                                                            Printed 8/7/2012
        General - Common Budget                                                                  Bayview Village                                                         Page 12 of 53



                                          ELECTRICAL ENERGY CONSUMPTION WORKSHEET
            A. Lighting (Number of lights x average watt per light x average number of hours in use per day x .03 = KWH Per Month)
                                                                                                     HOURS                                               KWH
                       LIGHTS                  NUMBER             TYPE           WATTS                                               x 0.03
                                                                                                      /DAY                                            PER MONTH
            1. Interior lights (hallways, lobbies, garage, stairwells, etc.)
            Interior Center Lights                      75                          7                          12                             0.03             189
            2. Exterior Bldg & Carport Lights
            Parking Lights                             100                          7                          12                             0.03             252
            3. Outdoor and walkway lights on common meters
            Walkway Lights                       350                                7                          12                             0.03             882
            4. Street lights maintained by Association
            Street & Busway Lights                     20                    17                 12                                            0.03             122
            5. Pool lights maintained by Association. None
            B. ELEVATOR/LIFTS
            Elevator               1      Cabs X             3        Floor Stops X       167                           KWH =                                  501
            G. Electrical Motors (Horsepower x watts x hours of use x .03 x % of year = KWH per Month)
                TYPE                            NO. OF          HORSE            WATTS                               HOURS           % OF                KWH
               MOTOR                           MOTORS           POWER              / HP                               /DAY           YEAR            PER MONTH
            Fountain Motor                         1              0.015              1,000                             4         33%                         19.8
                                                                                                                      IRRIGATION TIMERS                       180
                                                                                                                    TOTAL MONTHLY KWH                      2146.2
                                                                                                                          RATE PER KWH                       0.15
                                                                                                                          METER CHARGE
            TOTAL AVERAGE MONTHLY ELECTRICAL CHARGES                                                                                                     $321.93
                  NAME OF UTILITY:                     PGE                PHONE NUMBER: (800)743-5000


                                                          GAS CONSUMPTION WORKSHEET
                             5. Other                        Community Center Kitchen : Gas Oven                                                                 30
                                                             Gas Dryer                                                                                           15
                                                                                               TOTAL THERMS =                                                  45
                                                                                             RATE PER THERMS =                                               1.21
                                                                                               METER CHARGE =                                                0.00
                                                             TOTAL AVERAGE MONTHLY GAS CHARGES                                                            $54.45
                  NAME OF UTILITY:                     PGE                PHONE NUMBER: (800)743-5000

                                                 WATER AND SEWER WORKSHEET
            A. Domestic (use only if units are billed to the Association)                       (number of units x rate/100 CF x 10) = Total Cost
                                 UNITS              CONSUMPTION OF WATER UNITS                                      RATE/100 CF                      MONTHLY
            Center (restrooms, locker, etc)                           4                                                  3.65                  $           14.60
            B. Irrigation (by type of area)                                                     (landscape area x rate/100cf x .0033) = Total Cost
                           LANDSCAPE AREA                                         AREA            RATE/100 CF            x           0.0033              TOTAL
            Village Square and plaza fountains using recirculating pumps                  200             3.65                       0.0033 $        2.41
            C. Sewers                                                                           (charge per unit per month x number units = Sewer Cost)
                                 UNITS              CONSUMPTION OF WATER UNITS                                      RATE/100 CF                      MONTHLY
            Usage                                                     4                                                      3.70                    $     14.80
              D. WATER METERS:
                                                                                                     MONTHLY                                             MONTHLY
               NUMBER                                          SIZE                             SERVICE CHARGE                                   SERVICE CHARGE
                1    Meter                  5/8"                                                 $        4.50                                       $      4.50
                1    Fire Meter              2"                                                  $       12.50                                       $     12.50
            TOTAL WATER & METER CHARGES                                                                                                              $     34.01
            TOTALSEWER CHARGES                                                                                                                       $     14.80
            TOTAL WATER, METER & SEWER CHARGES                                                                                                       $     48.81
                  NAME OF UTILITY: City of Hayward                        PHONE NUMBER: (510) 583-4600


                                                                             OTHER INCOME
REVENUE OFFSETS
                        C
Commercial Properties (1) ap Rate                      5%
                                                                                 Market                             Monthly         Annual
                                Sq. Ft.                      Value/Sq. Ft.
                                                                                 Value                              Revenue         Revenue
            Café                     1344                        350.00           470,400                              1,960            23520
            Store                    2688                        350.00           940,800                              3,920            47040
                                                                                                                       5,880           70,560
*The Annual Commercial Assessment will be part of the lease.
Parking                                                Spaces                   Lease rate
           Carport Space Leases                              100                  $125.00                             $12,500        $150,000
           Car Share and Rental (2)                           15                  $125.00                              $1,875         $22,500

        RE FORM 623 (Rev. 4/07)                                                           Golden Consulting Group                                                     Printed 8/7/2012
         General - Common Budget                                                  Bayview Village                                                              Page 13 of 53

            Parking meters, $8/day/meter                       20       $125.00                      $2,500        $30,000
                                                               135                                  $16,875       $202,500
Rental Income from Center (3)                                                                          $100         $1,200
           REVENUE OFFSETS                                                                          $22,855       $274,260

(1) The value for commercial purposes is usually below the cost of construction. Commercial space does not lease high enough to cover construction costs.
However, like parks, it helps sell the project.
Lease rate is "triple net." Operating ratio is based on best practice.
An operating ratio of 70% means a net income of 30% of lease revenues.




         RE FORM 623 (Rev. 4/07)                                              Golden Consulting Group                                                       Printed 8/7/2012
          General - Common Budget                                                               Bayview Village                                                                Page 14 of 53

A cap rate of 5 is 5 per 100 or 5%, so net income divided by 5% is the capital value of the asset.
(2) paid by Enterprise, Carshare etc. for renting parking spaces
(3) meeting room rental for private events, charges for use of minivan and electrocart

                                                         PRORATION SCHEDULE WORKSHEET
Section I Variable Assessment Computation
                        A. Variable Costs Description
                                      1 Insurance                                                                                                  34,816
                                      2 Domestic Gas (No Domestic Shared Common Gas)                                                                    0
                                      3 Domestic Water & Sewer (No Domestic Shared Common Water or Sewer)                                               0
                                      4 Paint Reserves - Not a residential exterior building                                                            0
                                      5 Roof Reserves - Not a residential shared roof                                                                   0
                                      6 Hot Water Heater - Reserves (if common)                                                                         0
                           Total Variable Costs                                                                                                    34,816
                          B. Total Livable square footage of all units from condominium plan:                                                   1,082,698
                          C. Variable Factor (variable monthly costs divided by square footage = variable factor):                                    0.03
              Section II Equal Assessment Computation
                          A. Total Monthly Budget                                                                                              118,934.46
                             Less Variable Costs                                                                                                34,816.00
                             Total Monthly Equal Costs                                                                                          84,118.46
                          B. Monthly Base Assessment                                                                                                81.83
Section III Assessment Schedule
                                  Unit           Unit          Variable          Variable           Base           Monthly       Quantity        Total
                                 Number           Size          Factor          Assessment       Assessment       Assessment                    Monthly
                                                                  X                 =                +                =              x         Assessment
                                     studio    441             0.032                  14.17          81.83              95.99             40     3,839.69
                               one bedroom     523             0.032                  16.82          81.83              98.65            150    14,797.59
                two bed one bath in sixplex    795             0.032                  25.56          81.83             107.39            186    19,974.89
                two bed two bath in sixplex    859             0.032                  27.62          81.83             109.45            312    34,148.37
                         three bedroom TH      1499            0.032                  48.19          81.83             130.02            170    22,102.65
                          four bedroom TH      1702            0.032                  54.73          81.83             136.56            102    13,928.92
                          five bedroom TH      2115            0.032                  68.00          81.83             149.83             64     9,589.01
                              manager units    1499            0.032                  48.19          81.83             130.02              2       260.03
                         Commercial Store      2688            0.032                  86.44          81.83             168.26              1       168.26
                          Commercial Café      1344            0.032                  43.22          81.83             125.05              1       125.05
Verification of Computations                                                  Total Monthly Budget (Section III)                                118,934.46
              * Total Assessment x number of units of each type.              Total Monthly Budget (Section IIA)                                118,934.46
Section IV Variable Assessments
                                Highest                       Lowest                              Lowest                             %
                               Assessment          -         Assessment        Divided By        Assessment           =         Differential
                                    168.26                            95.99                              95.99                       75.29%

Landscaping: tree plan ting, tree and stump removal, pruning, cabling, weed abatement, firebreaks, chipping, gutter cleaning, health management, soil amendment, aeration
Bay Area Tree Specialists, Richard Smith, Certified Arborist, 408-836-9147, San Jose, www.bayareatreespecialists.com




          RE FORM 623 (Rev. 4/07)                                                           Golden Consulting Group                                                         Printed 8/7/2012
General - Common Budget       Bayview Village          Page 15 of 53




RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
General - Common Budget       Bayview Village          Page 16 of 53




RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
   Mixed Use Block Budget                 Bayview Village          Page 17 of 53

MU BLOCK BUDGET FOR BAYVIEW VILLAGE




   RE FORM 623 (Rev. 4/07)            Golden Consulting Group   Printed 8/7/2012
          Mixed Use Block Budget                                                                 Bayview Village                                                              Page 18 of 53

IMPROVEMENTS WORKSHEET
* If this phase will have any line items on page 3, 4 and 5 hereof exempted from payment of assessments under Regulation 2792.16(c), asterisk those items on pages 3, 4 and 5 and list any
partially deferred costs on a separate sheet showing calculations and attach. All exempted improvements must be covered by reasonable arrangements for completion. Include Planned
Construction Statement (RE611A) for review.


1. Number of buildings containing residential units/lots.                                                                                                   5
2. Estimated completion date for the residential units included in this phase.                                                                            2016
3. Estimated completion date for the common area and facilities included in this phase.                                                                   2016
4. Type of residential building for this project (i.e., high-rise, cluster, garden, etc.).                                                             2-4 Story
5. Type of construction for these buildings (i.e., steel, concrete, wood frame, etc.).                                                          Modular Wood Frame
6. Type of roof (i.e., shake, etc.).                                                                                                          Flat Integrated Solar Roof
7. Type of paving used in the project.                                                                                                     Rubberized Asphalt or Grasscrete
8. Type of exterior wall for residential buildings.                                                                                            HardiPlank Lap Siding
9. Number of residential units per building.                                                                                                             varies
10. Number of floors per building.                                                                                                                       2 to 4
11. Number of bedrooms per unit.                                                                                                                    Studio -1 bdrm
12. Square footage of units/lots. (List number and size of each unit type).
                                                                        Residential Commercial
Living Area                                                                                                                              Qnty
                                                                          Sq. Ft.     Sq. Ft.                                                                                 Total
Studio                                                                          441                                                        40                                   17,620
One Bedroom                                                                     523                                                       150                                   78,475
two bed one bath in sixplex
two bed two bath in sixplex
three bedroom TH
four bedroom TH
five bedroom TH
manager uits
Commercial Store                                                                   2,688                                                   1                                      2,688
Commercial Café                                                                    1,344                                                   1                                      1,344
Total Units & Living Area                                                                                                                 192                                   100,127
13. Type of parking facilities and number of spaces (i.e., detached garage, tuck-under, subterranean, carport, open, etc.).
  100 carport leased spaces                                                                                                                                                          100
  15 car share/rental spaces                                                                                                                                                          15
  20 public metered spaces                                                                                                                                                            20
Total Parking                                                                                                                                                                         135




          RE FORM 623 (Rev. 4/07)                                                            Golden Consulting Group                                                      Printed 8/7/2012
        Mixed Use Block Budget                                                           Bayview Village                                                         Page 19 of 53

                                                                            BUDGET SUMMARY
                                                                                                                                 Per Unit Per Total Monthly Total   Annual
                                                     100-FIXED COSTS                                                                Month
         101 Property Taxes                                                                                                              0.00            0               0
         102 Corporation Franchise Taxes                      (Included in General Budget)                                               0.00            0               0
         103 Insurance Property                               (Included in General Budget)                                               0.00            0               0
         104 Local License & Inspection                       (Elevators)                                                               $0.61          117           1,400
         105 Estimated Income Taxes                                                                                                      0.00            0               0
                                                                                                                100 SUB TOTALS           0.61          117           1,400
                                                 200-OPERATING COSTS
         201 Electricity (see worksheet)                                                                                                 2.94           565           6777
         202 Gas (see worksheet)                                                                                                         0.00             0              0
         203 Water (see worksheet)                            20 Restrooms                                                               0.25            47            569
         204 Sewer/ Septic Tanks                              20 Restrooms                                                               0.15            30            355
         205 Cable TV/ Master Antenna                                                                                                    0.00             0              0
         207 Custodial Area                                   20 Restrooms, halls, stairs, and lobbies                                  19.75         3,792          45500
        207a Custodial Supplies                                                                                                          0.00             0              0
         208 Landscape Area                                   (Included in General Budget)                        Area                   0.00             0              0
        208a Landscape Supplies                                                                                                          0.00             0              0
         209 Refuse Disposal                               Waste Management Name                 510-613-8710     Number                 0.43            83           1000
         210 Elevator                      1 Hydraulic & 3 Telescopic Holeless Type                              4 Number                1.74           333           4000
         211 Street, Parking, Drive Cleaning                  (Included in General Budget)                        Area                   0.00             0              0
         212 Heating & Air Conditioning Maintenance Area                                                          Area                   0.00             0              0
         213 Swimming Pool                                                     Number                             Area                   0.00             0              0
             Spa                                                               Number                             Area                   0.00             0              0
        213a Swimming Pool/Spa Supplies                                                                                                  0.00             0              0
         214 Tennis Court                                                      Number                             Area                   0.00             0              0
         215 Access Control                                                                                                              0.00             0              0
             Guard Hours Per Day                                                                                                         0.00             0              0
             Motorized Garage Gate                                                                                Number                 0.00             0              0
             Intercom & Telephone Entry                                                                           Number                 0.00             0              0
         216 Annual Reserve Update                            (Included in General Budget)                                               0.00             0              0
         217 Miscellaneous
             Minor Repairs                                                                                                               2.00          384            4608
             Fire Sprinkler Inspections                       (Included in General Budget)                                               0.00            0               0
             Fire Alarm and Security Surveillance System      (Included in General Budget)                                               0.00            0               0
             Maintenance Manual & Property Inspections        (Included in General Budget)                                               0.00            0               0
             Pest Control                                   (Included in General Budget)                                                 0.00            0               0
             Storm Drain / V-Ditch Maintenance & Inspection
                                                                                                                200 SUB TOTALS           27.26       5,234          62,810
MU Block                                                                                                                         Per Unit Per Total Monthly Total   Annual
Special Operating Costs                                                                                                             Month
         219 Ecopass Village Bus and Taxi Voucher Operating Costs
         220 Minivan and electrocart operation
                                                                                                         219-220 SUB TOTALS              0.00            0               0
                                                     300-RESERVES
    301-313 Reserves (attach reserve worksheet)                                                                                         17.68         3,395         40,738
                                                                                                            300 SUB TOTALS              17.68         3,395         40,738
                                                  400-ADMINISTRATION
        401 Management (salary/wage + benefits)
            Manager with apartment                                             (Included in General Budget)                              0.00             0              0
            Assistant Manager with apartment (value $24,000)                   (Included in General Budget)                              0.00             0              0
            Part Time Assistant Manager, no apartment                          (Included in General Budget)                              0.00             0              0
            Part-timers, 3,000 hours, $14.40/hour compensation                 (Included in General Budget)                              0.00             0              0
        402 Legal & CPA Services                                               (Included in General Budget)                              0.00             0              0
        403 Accounting                                                         (Included in General Budget)                              0.00             0              0
        404 Education                                                          (Included in General Budget)                              0.00             0              0
        405 Misc. Office Expenses includes lock box                            (Included in General Budget)                              0.00             0              0
                                                                                                            400 SUB TOTALS               0.00             0              0
                                                                                                          (100 - 400) TOTAL             45.55      8,745.64     104,947.71
                                                    500-CONTINGENCY
        501 Contingency (New)                                                                                   3%                       1.15           220          2,641
        502 Contingency (Conversion 5%)                                                                                                  0.00          0.00           0.00
        503 Revenue Offset (see attached)
                                                                                                            TOTAL BUDGET                46.70      8,965.69     107,588.28


        RE FORM 623 (Rev. 4/07)                                                     Golden Consulting Group                                                   Printed 8/7/2012
      Mixed Use Block Budget                              Bayview Village                                              Page 20 of 53


                                       INCOME OPERATING AND RESERVE ASSESSMENT
MEMBERS OPERATING ASSESSMENT                                                                      29.01     5,571        66,850
MEMBERS RESERVE ASSESSMENT                                                                        17.68     3,395        40,738
TOTAL INCOME                                                                                      46.70     8,966       107,588

The Budget and Management Document Indicate:                   Equal Assessment               Variable Assessment
                                                                            VARIABLE MONTHLY ASSESSMENT
                                                                               UNIT TYPE       PUPM       QNTY      MONTHLY
                                                                                     Studio       45.58     40         1823
                                                                               One Bedroom        46.72    150         7008
                                                                            Commercial Store      76.51     1           77
                                                                            Commercial Café       58.02     1           58
                                                                               TOTAL                                   8966




      RE FORM 623 (Rev. 4/07)                         Golden Consulting Group                                       Printed 8/7/2012
       Mixed Use Block Budget                                                   Bayview Village                                                   Page 21 of 53

                                                            RESERVES WORKSHEET
MU Block
DRE FILE NUMBER                                                                                        TRACT NUMBER
                                                                                                       na
                                             (1)             (2)              (3)         (4b)            (4c)      Annual         Cost          Cost
           DESCRIPTION                     SQ. Ft.        Unit cost       Replacement    Useful         Remaining   Reserve         Per         Monthly
                                           Number        or Manual           Cost         Life            Life    Contribution     Month        Per Unit
PAINTING/STAINING
Painting: Building HardiPlank Lap Siding      71,040            0.75          $53,280             15           15        $3,552      $296.00          $1.54
Painting: Allowance Gates, Doors, etc              1           1,000           $1,000             15           15           $67        $5.56          $0.03
Painting: Interior Buildings                  57,456            0.75          $43,092             15           15        $2,873      $239.40          $1.25
Painting: Allowance Utiility, Misc                 1           1,000           $1,000             15           15           $67        $5.56          $0.03
Sealing: Balcony Decks                         8,820            0.75           $6,615              5            5        $1,323      $110.25          $0.57
ROOFING (Flat Integrated Solar Roof)
Roof Inspection & Repair                           5           1,000           $5,000              5            5        $1,000       $83.33          $0.43
MU bldg                                        8,548            4.00          $34,191             15           15        $2,279      $189.95          $0.99
Palisade bldg                                  8,548            4.00          $34,191             15           15        $2,279      $189.95          $0.99
Overlook bldg                                  8,243            4.00          $32,970             15           15        $2,198      $183.17          $0.95
Bee bldg                                       6,869            4.00          $27,475             15           15        $1,832      $152.64          $0.80
Walpert bldg (north & south)                  16,485            4.00          $65,940             15           15        $4,396      $366.34          $1.91
Drains & Downspouts                                5           3,500          $17,500             30           30          $583       $48.61          $0.25
LIGHTING
Interior Lights                                 250           150.00          $37,500             20           20        $1,875      $156.25          $0.81
ELEVATORS
Elevators                                            4        40,000         $160,000             45           45        $3,556      $296.30          $1.54
Elevator Cab Remodel                                 4         3,500          $14,000             15           15          $933       $77.78          $0.41
BUILIDNG FURNISHINGS & FIXTURES
Restroom Fixtures                                20            3,000          $60,000             30           30        $2,000      $166.67          $0.87
Water Heater/Tanks                                4            1,800           $7,200             12           12          $600       $50.00          $0.26
  Repair/Resurface Balcony Decks @5%           8,820            0.75           $6,615             20           20          $331       $27.56          $0.14
FLOORING
Hardwood Floors (Laminate)                   18,480             7.20         $133,056             20           20        $6,653      $554.40          $2.89
Carpet                                          760             2.52           $1,915              7            7          $274       $22.80          $0.12
Restroom Flooring                                375            7.20           $2,700             12           12          $225       $18.75          $0.10
OTHER
Mailboxes                                            0                0             $0            20           20            $0        $0.00          $0.00
Unallocated Reserve Funds 3%                                                                                             $1,843      $153.59          $0.80
 TOTAL ANNUAL RESERVES                                                                                                  $40,738       $3,395         $17.68

            1. Building                                   Length            Width                       Quantity                  Footprint
            MU bldg                                             144                 56                          1                      8,064
            Palisade bldg                                       144                 56                          1                      8,064
            Overlook bldg                                       144                 54                          1                      7,776
            Bee bldg                                            120                 54                          1                      6,480
            Walpert bldg (north & south)                        288                 54                          1                     15,552
            Total Buildings and Area                                                                            5                     45,936




       RE FORM 623 (Rev. 4/07)                                              Golden Consulting Group                                            Printed 8/7/2012
Mixed Use Block Budget        Bayview Village          Page 22 of 53




RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
        Mixed Use Block Budget                                                  Bayview Village                                                   Page 23 of 53

                                                           ROOF RESERVE WORKSHEET
                                 TYPE         WIDTH        QUANTITY                        TOTAL                         TOTAL     NORMAL        TOTAL
 BUILDING                         OF            OF           (INCL.         PITCH           ROOF                        REPAIR       LIFE        ANNUAL
                               ROOFING      OVERHANG      OVERHANG)      MULTIPLIER         AREA         COST / S.F.     COST      EXPECTED       COST
                             Flat Integrated Solar Roof, cost includes roof and solar equipment
MU bldg                                              1.06           8,548               1        8,548      4.00          $34,191         15         $2,279
Palisade bldg                                        1.06           8,548               1        8,548      4.00          $34,191         15         $2,279
Overlook bldg                                        1.06           8,243               1        8,243      4.00          $32,970         15         $2,198
Bee bldg                                             1.06           6,869               1        6,869      4.00          $27,475         15         $1,832
Walpert bldg (north & south)                         1.06          16,485               1       16,485      4.00          $65,940         15         $4,396
                                                                                                                   TOTAL ROOF COST PER YEAR        $12,985




        RE FORM 623 (Rev. 4/07)                                             Golden Consulting Group                                            Printed 8/7/2012
        Mixed Use Block Budget                                                   Bayview Village                                                   Page 24 of 53

                                                                   PAINTING WORKSHEET
BUILDING Exterior PAINTED AREA INVENTORY
 BUILDING                                                   PERIMETER                      X 10'                   TOTAL                          TOTAL
   TYPE                                                                                   /STORY                   QNTY                            AREA
MU bldg                                                              400                    30                               1                        12,000
Palisade bldg                                                        400                    30                               1                        12,000
Overlook bldg                                                        396                    40                               1                        15,840
Bee bldg                                                             348                    40                               1                        13,920
Walpert bldg (north, no common area)                                 168                    40                               1                         6,720
Walpert bldg (south, has common area)                                264                    40                               1                        10,560

BUILDING PAINTING HardiPlank Lap Siding (15 Year Warranty Guarantee No Paint)
                                                                             TOTAL        WOOD          COST       TOTAL          NORMAL          ANNUAL
 BUILDING                  (15 Year Warranty Guarantee No Paint)              AREA        TOTAL        FACTOR     PAINTING          LIFE         PAINTING
   TYPE                                                                     PER BLDG.      AREA        PER S.F.    COST          EXPECTANCY        COST
MU bldg                                                                         12,000        12,000  0.75        9,000                    15            600
Palisade bldg                                                                   12,000        12,000  0.75        9,000                    15            600
Overlook bldg                                                                   15,840        15,840  0.75       11,880                    15            792
Bee bldg                                                                        13,920        13,920  0.75       10,440                    15            696
Walpert bldg (north, no common area)                                             6,720         6,720  0.75        5,040                    15            336
Walpert bldg (south, has common area)                                           10,560        10,560  0.75        7,920                    15            528
                                                                                                     ANNUAL PAINTING WOOD COST                         3,552
INTERIOR PAINT/SEAL Interior Painting Reserve is Determined by measuring the room perimeter and multiplying by 8' and adding ceiling area.
                                                              WALLS         CEILING                     COST       TOTAL          NORMAL          ANNUAL
      DESCRIPTION                           QUANTITY        HEIGHT X        LENGTH X      TOTAL        FACTOR     PAINTING          LIFE         PAINTING
                                                            PERIMETER        WIDTH         AREA        PER S.F.    COST          EXPECTANCY        COST
MU bldg                                          1                  7,920       2,880        10,800       0.75      8,100        10                      810
Palisade bldg                                    1                  8,208       3,456        11,664       0.75      8,748        10                      875
Overlook bldg                                    1                 10,800       3,456        14,256       0.75     10,692        10                     1069
Bee bldg                                         1                  7,344       2,880        10,224       0.75      7,668        10                      767
Walpert bldg (north, no common area)             1                    -           -             -         0.75          0        10                        0
Walpert bldg (south, has common area)            1                  6,480       4,032        10,512       0.75      7,884        10                      788
Allowance for utility closets, etc…                                                               1     1,000      1,000         10                      100
                                                                                                TOTAL ANNUAL INTERIOR PAINTING COST                    4,309

                                                                                                       TOTAL ANNUAL PAINTING COST                    $7,911




        RE FORM 623 (Rev. 4/07)                                              Golden Consulting Group                                            Printed 8/7/2012
Mixed Use Block Budget                                                           Bayview Village                                                    Page 25 of 53



                                ELECTRICAL ENERGY CONSUMPTION WORKSHEET
    A. Lighting (Number of lights x average watt per light x average number of hours in use per day x .03 = KWH Per Month)
                                                                                          HOURS                                      KWH
               LIGHTS                  NUMBER            TYPE             WATTS                                    x 0.03
                                                                                           /DAY                                    PER MONTH
    1. Interior lights (hallways, lobbies, garage, stairwells, etc.)
    Interior Lights                           250                            7                     24                       0.03        1,260
    B. ELEVATOR/LIFTS
    Elevator       1                Cabs   X               3           Floor Stops X        167            KWH =                           501
                   3                Cabs   X               4           Floor Stops X        167            KWH =                         2,004
                                                                                                        TOTAL MONTHLY KWH               3765.0
                                                                                                              RATE PER KWH                0.15
                                                                                                             METER CHARGE
    TOTAL AVERAGE MONTHLY ELECTRICAL CHARGES                                                                                          $564.75
       NAME OF UTILITY:     PGE      PHONE NUMBER: (800)743-5000




RE FORM 623 (Rev. 4/07)                                                   Golden Consulting Group                                                Printed 8/7/2012
Mixed Use Block Budget                                                 Bayview Village                                          Page 26 of 53


                                             GAS CONSUMPTION WORKSHEET
                         Sixplexes have no common areas with gas usage. Each unit owner will pay for its own domestic use.




RE FORM 623 (Rev. 4/07)                                           Golden Consulting Group                                    Printed 8/7/2012
Mixed Use Block Budget                                                  Bayview Village                                                       Page 27 of 53


                                      WATER AND SEWER WORKSHEET
    A. Domestic (use only if units are billed to the Association)            (number of units x rate/100 CF x 10) = Total Cost
                       UNITS            CONSUMPTION OF WATER UNITS                            RATE/100 CF                MONTHLY
    20 Restrooms                                         8                                          3.65                 $      29.20
    C. Sewers                                                                (charge per unit per month x number units = Sewer Cost)
                       UNITS            CONSUMPTION OF WATER UNITS                            RATE/100 CF                MONTHLY
    Usage                                                8                                           3.70                 $        29.60
    D. Water Meters
                                                                                  MONTHLY                                        MONTHLY
       NUMBER                                     SIZE                       SERVICE CHARGE                              SERVICE CHARGE
          1  Meter                          5/8"                              $        4.50                               $         4.50
          1  Fire Meter                      2"                               $       12.50                               $        12.50
             Emergency Service Facility Tax                                                                               $         1.25
    TOTAL WATER & METER CHARGES                                                                                           $        47.45
    TOTALSEWER CHARGES                                                                                                    $        29.60
    TOTAL WATER, METER & SEWER CHARGES                                                                                    $        77.05
       NAME OF UTILITY: City of Hayward PHONE NUMBER: (510) 583-4600




RE FORM 623 (Rev. 4/07)                                             Golden Consulting Group                                                Printed 8/7/2012
        Mixed Use Block Budget                                                       Bayview Village                                                           Page 28 of 53


                                                      PRORATION SCHEDULE WORKSHEET
Section I Variable Assessment Computation
                        A. Variable Costs Description
                                       1 Insurance (Included in General Shared Budget)                                                                0
                                       2 Domestic Gas (No Domestic Shared Common Gas)                                                                 0
                                       3 Domestic Water & Sewer (No Domestic Shared Common Water or Sewer)                                            0
                                       4 Paint Reserves (Exterior Only)                                                                             296
                                       5 Roof Reserves (Exterior Only)                                                                            1,082
                                       6 Hot Water Heater - Reserves (if common)                                                                      0
                           Total Variable Costs                                                                                                   1,378
                        B. Total Livable square footage of all units from condominium plan:                                                     100,127
                        C. Variable Factor (variable monthly costs divided by square footage = variable factor):                                  0.0138
Section II Equal Assessment Computation
                        A. Total Monthly Budget                                                                                                 8,965.69
                           Less Variable Costs                                                                                                  1,378.05
                           Total Monthly Equal Costs                                                                                            7,587.64
                        B. Monthly Base Assessment                                                                                                 39.52
Section III Assessment Schedule
                                 Unit          Unit         Variable          Variable          Base          Monthly        Quantity          Total
                               Number          Size          Factor          Assessment      Assessment      Assessment                       Monthly
                                                               X                 =               +               =                x          Assessment
                                   Studio     441            0.0138                6.06          39.52               45.58              40      1,823.26
                            One Bedroom       523            0.0138                7.20          39.52               46.72             150      7,007.90
                        Commercial Store      2688           0.0138               36.99          39.52               76.51               1         76.51
                         Commercial Café      1344           0.0138               18.50          39.52               58.02               1         58.02
Verification of Computations                                               Total Monthly Budget (Section III)                                    8,965.69
              * Total Assessment x number of units of each type.           Total Monthly Budget (Section IIA)                                    8,965.69
Section IV Variable Assessments
                                Highest                     Lowest                             Lowest                            %
                              Assessment        -          Assessment        Divided By      Assessment          =           Differential
                                    76.51                          45.58                             45.58                        67.86%




        RE FORM 623 (Rev. 4/07)                                               Golden Consulting Group                                                       Printed 8/7/2012
Mixed Use Block Budget        Bayview Village          Page 29 of 53




RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
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RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
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RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
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RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
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RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
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RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
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RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
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RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
Mixed Use Block Budget        Bayview Village          Page 37 of 53




RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
    Sixplex Budget                       Bayview Village          Page 38 of 53

SIXPLEX BUDGET FOR BAYVIEW VILLAGE




    RE FORM 623 (Rev. 4/07)          Golden Consulting Group   Printed 8/7/2012
          Sixplex Budget                                                                          Bayview Village                                                             Page 39 of 53

IMPROVEMENTS WORKSHEET
* If this phase will have any line items on page 3, 4 and 5 hereof exempted from payment of assessments under Regulation 2792.16(c), asterisk those items on pages 3, 4 and 5 and list any
partially deferred costs on a separate sheet showing calculations and attach. All exempted improvements must be covered by reasonable arrangements for completion. Include Planned
Construction Statement (RE611A) for review.


1. Number of buildings containing residential units/lots.                                                                                                  83
2. Estimated completion date for the residential units included in this phase.                                                                            2020
3. Estimated completion date for the common area and facilities included in this phase.                                                                   2020
4. Type of residential building for this project (i.e., high-rise, cluster, garden, etc.).                                                              3 Story
5. Type of construction for these buildings (i.e., steel, concrete, wood frame, etc.).                                                          Modular Wood Frame
6. Type of roof (i.e., shake, etc.).                                                                                                          Flat Integrated Solar Roof
7. Type of paving used in the project.                                                                                                     Rubberized Asphalt or Grasscrete
8. Type of exterior wall for residential buildings.                                                                                            HardiPlank Lap Siding
9. Number of residential units per building.                                                                                                                6
10. Number of floors per building.                                                                                                                          3
11. Number of bedrooms per unit.                                                                                                                            2
12. Square footage of units/lots. (List number and size of each unit type).
                                                                        Residential
Living Area
                                                                          Sq. Ft.                                                        Qnty                                 Total
Studio
One Bedroom
two bed one bath in sixplex                                          795                                                                  186                                   147,870
two bed two bath in sixplex                                          859                                                                  312                                   268,008
three bedroom TH
four bedroom TH
five bedroom TH
manager uits
Commercial Store
Commercial Café
Total Units & Living Area                                                                                                                 498                                   415,878
13. Type of parking facilities and number of spaces (i.e., detached garage, tuck-under, subterranean, carport, open, etc.).
  100 carport leased spaces                                                                                                                                                           100
  15 car share/rental spaces                                                                                                                                                           15
  20 public metered spaces                                                                                                                                                             20
Total Parking                                                                                                                                                                          135


                                                                                    BUDGET SUMMARY
                                                                                                                                     Per Unit Per Total Monthly Total            Annual
                                                            100-FIXED COSTS                                                             Month
            101 Property Taxes                                                                                                                  0.00                 0                  0
            102 Corporation Franchise Taxes                           (Included in General Budget)                                              0.00                 0                  0
            103 Insurance Property                                    (Included in General Budget)                                              0.00                 0                  0
            104 Local License & Inspection                                                                                                      0.00                 0                  0
            105 Estimated Income Taxes                                                                                                          0.00                 0                  0
                                                                                                                    100 SUB TOTALS              0.00                 0                  0
                                                        200-OPERATING COSTS
            201 Electricity (see worksheet)                                                                                                     0.38              188                 2259
            202 Gas (see worksheet)                                   (Unit Owner Pays Domestic Use - No Common)                                0.00                0                    0
            203 Water (see worksheet)                                 (Unit Owner Pays Domestic Use - No Common)                                0.00                0                    0
            204 Sewer/ Septic Tanks                                   (Unit Owner Pays Domestic Use - No Common)                                0.00                0                    0
            205 Cable TV/ Master Antenna                                                                                                        0.00                0                    0
            207 Custodial Area                                        (Included in General Budget)                                              0.00                0                    0
          207a Custodial Supplies                                                                                                               0.00                0                    0
            208 Landscape Area                                        (Included in General Budget)                     Area                     0.00                0                    0
          208a Landscape Supplies                                                                                                               0.00                0                    0
            209 Refuse Disposal                                       (Included in General Budget)                                              0.00                0                    0
            210 Elevator                                                                 Type                          Number                   0.00                0                    0
            211 Street, Parking, Drive Cleaning                       (Included in General Budget)                     Area                     0.00                0                    0
            212 Heating & Air Conditioning Maintenance Area                                                            Area                     0.00                0                    0
            213 Swimming Pool                                                            Number                        Area                     0.00                0                    0
                 Spa                                                                     Number                        Area                     0.00                0                    0
          213a Swimming Pool/Spa Supplies                                                                                                       0.00                0                    0
            214 Tennis Court                                                             Number                        Area                     0.00                0                    0
            215 Access Control                                                                                                                  0.00                0                    0
                 Guard Hours Per Day                                                                                                            0.00                0                    0

          RE FORM 623 (Rev. 4/07)                                                            Golden Consulting Group                                                      Printed 8/7/2012
        Sixplex Budget                                                                     Bayview Village                                                           Page 40 of 53

             Motorized Garage Gate                                                                                    Number                0.00             0                0
             Intercom & Telephone Entry                                                                               Number                0.00             0                0
         216 Annual Reserve Update                              (Included in General Budget)                                                0.00             0                0
         217 Miscellaneous
             Minor Repairs                                                                                                                  1.00          498             5976
             Fire Sprinkler Inspections                         (Included in General Budget)                                                0.00            0                0
             Fire Alarm and Security Surveillance System        (Included in General Budget)                                                0.00            0                0
             Maintenance Manual & Property Inspections          (Included in General Budget)                                                0.00            0                0
             Pest Control                                   (Included in General Budget)                                                    0.00            0                0
             Storm Drain / V-Ditch Maintenance & Inspection
                                                                                                                 200 SUB TOTALS              1.38         686           8,235
Sixplexes                                                                                                                           Per Unit Per Total Monthly Total   Annual
Special Operating Costs                                                                                                                Month
         219 Ecopass Village Bus and Taxi Voucher Operating Costs
         220 Minivan and electrocart operation
                                                                                                        219-220 SUB TOTALS                  0.00             0                0
                                                     300-RESERVES
    301-313 Reserves (attach reserve worksheet)                                                                                            11.77         5,861          70,331
                                                                                                             300 SUB TOTALS                11.77         5,861          70,331
                                                 400-ADMINISTRATION
        401 Management (salary/wage + benefits)
            Manager with apartment                                                (Included in General Budget)                              0.00             0               0
            Assistant Manager with apartment (value $24,000)                      (Included in General Budget)                              0.00             0               0
            Part Time Assistant Manager, no apartment                             (Included in General Budget)                              0.00             0               0
            Part-timers, 3,000 hours, $14.40/hour compensation                    (Included in General Budget)                              0.00             0               0
        402 Legal & CPA Services                                                  (Included in General Budget)                              0.00             0               0
        403 Accounting                                                            (Included in General Budget)                              0.00             0               0
        404 Education                                                             (Included in General Budget)                              0.00             0               0
        405 Misc. Office Expenses includes lock box                               (Included in General Budget)                              0.00             0               0
                                                                                                             400 SUB TOTALS                 0.00             0               0
                                                                                                           (100 - 400) TOTAL               13.15      6,547.15       78,565.80
                                                   500-CONTINGENCY
        501 Contingency (New)                                                                                    5%                         0.65           321           3,855
        502 Contingency (Conversion 5%)                                                                                                     0.00          0.00            0.00
        503 Revenue Offset (see attached)
                                                                                                             TOTAL BUDGET                  13.79      6,868.39       82,420.73


                                                     INCOME OPERATING AND RESERVE ASSESSMENT
MEMBERS OPERATING ASSESSMENT                                                                                                               2.02         1,007          12,090
MEMBERS RESERVE ASSESSMENT                                                                                                                11.77         5,861          70,331
TOTAL INCOME                                                                                                                              13.79         6,868          82,421

The Budget and Management Document Indicate:                                                        Equal Assesmment              Variable Assessment
                                                                                                                VARIABLE MONTHLY ASSESSMENT
                                                                                                                 UNIT TYPE             PUPM          QNTY         MONTHLY
                                                                                                    two bed one bath in sixplex           13.43       186            2498
                                                                                                    two bed two bath in sixplex           14.01       312            4371
                                                                                                                 TOTAL                                               6868


                                                                      RESERVES WORKSHEET
DRE FILE NUMBER                                                                                                       TRACT NUMBER
Sixplexes                                                                                                             na
                                                  (1)                (2)              (3)               (4b)             (4c)      Annual            Cost           Cost
            DESCRIPTION                         SQ. Ft.           Unit cost       Replacement          Useful          Remaining   Reserve            Per          Monthly
                                                Number           or Manual           Cost               Life             Life    Contribution        Month         Per Unit
PAINTING/STAINING
Painting: Building HardiPlank Lap Siding           360,576                 0.75        $270,432                  15            15        $18,029      $1,502.40          $3.02
Painting: Exterior Stairwells                      102,717                 0.75         $77,038                  15            15         $5,136        $427.99          $0.86
Sealing: Balcony Decks                                9,000                   0                $0                 5             5             $0          $0.00          $0.00
DECKS
Repair/Replace Railings, linear feet                   2324                   0                $0                20            20             $0         $0.00           $0.00
  Repair/Resurface Balcony Decks @5%                  9,000                   0                $0                20            20             $0         $0.00           $0.00
ROOFING
Roof Inspection & Repair                                   83              350          $29,050                   5             5         $5,810       $484.17           $0.97


        RE FORM 623 (Rev. 4/07)                                                       Golden Consulting Group                                                     Printed 8/7/2012
        Sixplex Budget                                                               Bayview Village                                                             Page 41 of 53

Flat Integrated Solar Roof                       82,358            4.00        $329,431                15               15       $21,962        $1,830.17            $3.68
Drains & Downspouts                                  83           1,500        $124,500                30               30        $4,150          $345.83            $0.69
LIGHTING
Exterior Lighting                                     498              200      $99,600                20               20        $4,980         $415.00             $0.83
OTHER
Wood Destroying Pest Eradication/Repair                83         1,500        $124,500                15               15        $8,300          $691.67            $1.39
Unallocated Reserve Funds                                                                                                         $1,964          $163.68            $0.33
TOTAL ANNUAL RESERVES                                                                                                         $70,330.88        $5,860.91           $11.77

             1. Building                                     Length            Width                        Quantity                          Footprint
             two bedroom one bath sixplex                      32               56                                 31                             27,776
             two bed two bath sixplex                          32               60                                 52                             49,920
             Total Buildings and Area                                                                              83                             77,696


                                                            ROOF RESERVE WORKSHEET

                                  TYPE       WIDTH          QUANTITY                          TOTAL                           TOTAL           NORMAL            TOTAL
 BUILDING                         OF             OF           (INCL.           PITCH           ROOF                           REPAIR            LIFE            ANNUAL
                               ROOFING      OVERHANG        OVERHANG)        MULTIPLIER        AREA         COST / S.F.       COST            EXPECTED           COST
                            Flat Integrated Solar Roof, cost includes roof and solar equipment
two bed one bath in sixplex                         1.06          29,443               1       29,443          4.00           $117,770        15                    $7,851
two bed two bath in sixplex                         1.06          52,915               1       52,915          4.00           $211,661        15                   $14,111
                                                                                                                       TOTAL ROOF COST PER YEAR                   $21,962


                                                               PAINTING WORKSHEET
BUILDING Exterior PAINTED AREA INVENTORY
 BUILDING                                                   PERIMETER                          X 10'                          TOTAL                             TOTAL
   TYPE                                                       EACH                            /STORY                          QNTY                               AREA
                                                             SIXPLEX
two bed one bath in sixplex                                        176                          30                                      31                        163,680
two bed two bath in sixplex                                        184                          30                                      52                        287,040

BUILDING PAINTING HardiPlank Lap Siding (15 Year Warranty Guarantee No Paint)
                                                                               TOTAL         80% WOOD         COST            TOTAL           NORMAL            ANNUAL
 BUILDING                                                                      AREA           TOTAL         FACTOR           PAINTING           LIFE           PAINTING
   TYPE                                                                      PER BLDG.         AREA          PER S.F.         COST           EXPECTANCY          COST
two bed one bath in sixplex                                                     163,680          130,944              0.75    98,208                     15          6,547
two bed two bath in sixplex                                                     287,040          229,632              0.75   172,224                     15         11,482
20% of WOOD IS COMMON WALLS BETWEEN THE ROW OF HOUSES
                                                                                                     ANNUAL PAINTING WOOD COST                                      18,029
EXTERIOR PAINT/SEAL Interior Painting Reserve is Determined by measuring the room perimeter and multiplying by 8' and adding ceiling area,
                                                             WALLS            CEILING                         COST            TOTAL           NORMAL            ANNUAL
      DESCRIPTION                           QUANTITY        LENGTH X         LENGTH X         TOTAL         FACTOR           PAINTING           LIFE           PAINTING
                                                            PERIMETER          WIDTH           AREA          PER S.F.         COST           EXPECTANCY          COST
Common Ext Stairwells                            83              1,120               117        102,717      0.75      77,038        15                              5,136
                                                                                                    TOTAL ANNUAL INTERIOR PAINTING COST                              5,136

                                                                                                             TOTAL ANNUAL PAINTING COST                           $23,165

                                         ELECTRICAL ENERGY CONSUMPTION WORKSHEET
             A. Lighting (Number of lights x average watt per light x average number of hours in use per day x .03 = KWH Per Month)
                                                                                              HOURS                                             KWH
                         LIGHTS              NUMBER           TYPE            WATTS                                            x 0.03
                                                                                               /DAY                                          PER MONTH
             2. Exterior Bldg & Carport Lights
             Exterior Stairwell Lights                498                        7                     12                   0.03                   1,255
                                                                                                            TOTAL MONTHLY KWH                      1255.0
                                                                                                                  RATE PER KWH                       0.15
                                                                                                                 METER CHARGE
             TOTAL AVERAGE MONTHLY ELECTRICAL CHARGES                                                                                            $188.24
                NAME OF UTILITY:     PGE      PHONE NUMBER: (800)743-5000




        RE FORM 623 (Rev. 4/07)                                                Golden Consulting Group                                                        Printed 8/7/2012
Sixplex Budget                                                    Bayview Village                                          Page 42 of 53


                                         GAS CONSUMPTION WORKSHEET
                    Sixplexes have no common areas with gas usage. Each unit owner will pay for its own domestic use.




RE FORM 623 (Rev. 4/07)                                      Golden Consulting Group                                    Printed 8/7/2012
Sixplex Budget                                                   Bayview Village                                             Page 43 of 53


                                   WATER AND SEWER WORKSHEET
                 Sixplexes have no common areas with water or sewer. Each unit owner will pay for its own domestic use.




RE FORM 623 (Rev. 4/07)                                      Golden Consulting Group                                      Printed 8/7/2012
        Sixplex Budget                                                              Bayview Village                                                            Page 44 of 53


                                                      PRORATION SCHEDULE WORKSHEET
Section I Variable Assessment Computation
                        A. Variable Costs Description
                                       1 Insurance (Included in General Shared Budget)                                                                0
                                       2 Domestic Gas (No Domestic Shared Common Gas)                                                                 0
                                       3 Domestic Water & Sewer (No Domestic Shared Common Water or Sewer)                                            0
                                       4 Paint Reserves                                                                                           1,930
                                       5 Roof Reserves                                                                                            1,830
                                       6 Hot Water Heater - Reserves (if common)                                                                      0
                           Total Variable Costs                                                                                                   3,761
                        B. Total Livable square footage of all units from condominium plan:                                                     415,878
                        C. Variable Factor (variable monthly costs divided by square footage = variable factor):                                    0.01
Section II Equal Assessment Computation
                        A. Total Monthly Budget                                                                                                 6,868.39
                           Less Variable Costs                                                                                                  3,760.56
                           Total Monthly Equal Costs                                                                                            3,107.83
                        B. Monthly Base Assessment                                                                                                  6.24
Section III Assessment Schedule
                                 Unit          Unit        Variable          Variable          Base          Monthly        Quantity           Total
                               Number          Size         Factor          Assessment      Assessment      Assessment                        Monthly
                                                              X                 =               +               =                x           Assessment
               two bed one bath in sixplex    795            0.009                7.19           6.24               13.43             186        2,497.87
               two bed two bath in sixplex    859            0.009                7.77           6.24               14.01             312        4,370.53
Verification of Computations                                              Total Monthly Budget (Section III)                                     6,868.39
              * Total Assessment x number of units of each type.          Total Monthly Budget (Section IIA)                                     6,868.39
Section IV Variable Assessments
                                Highest                     Lowest                            Lowest                            %
                              Assessment        -         Assessment        Divided By      Assessment          =           Differential
                                    14.01                         13.43                             13.43                            4.31%




        RE FORM 623 (Rev. 4/07)                                              Golden Consulting Group                                                        Printed 8/7/2012
Sixplex Budget                Bayview Village          Page 45 of 53




RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
Sixplex Budget                Bayview Village          Page 46 of 53




RE FORM 623 (Rev. 4/07)   Golden Consulting Group   Printed 8/7/2012
   Townhouse Budget                   Bayview Village          Page 47 of 53

TOWNHOUSES BUDGET FOR BAYVIEW VILLAGE




   RE FORM 623 (Rev. 4/07)        Golden Consulting Group   Printed 8/7/2012
          Townhouse Budget                                                                        Bayview Village                                                             Page 48 of 53

IMPROVEMENTS WORKSHEET
* If this phase will have any line items on page 3, 4 and 5 hereof exempted from payment of assessments under Regulation 2792.16(c), asterisk those items on pages 3, 4 and 5 and list any
partially deferred costs on a separate sheet showing calculations and attach. All exempted improvements must be covered by reasonable arrangements for completion. Include Planned
Construction Statement (RE611A) for review.


1. Number of buildings containing residential units/lots.                                                                                          336 + 2 mgr units
2. Estimated completion date for the residential units included in this phase.                                                                            2020
3. Estimated completion date for the common area and facilities included in this phase.                                                                   2020
4. Type of residential building for this project (i.e., high-rise, cluster, garden, etc.).                                                              3 Story
5. Type of construction for these buildings (i.e., steel, concrete, wood frame, etc.).                                                          Modular Wood Frame
6. Type of roof (i.e., shake, etc.).                                                                                                          Flat Integrated Solar Roof
7. Type of paving used in the project.                                                                                                     Rubberized Asphalt or Grasscrete
8. Type of exterior wall for residential buildings.                                                                                            HardiPlank Lap Siding
9. Number of residential units per building.                                                                                                                1
10. Number of floors per building.                                                                                                                          3
11. Number of bedrooms per unit.                                                                                                                         3 to 5
12. Square footage of units/lots. (List number and size of each unit type).
                                                                        Residential
Living Area
                                                                          Sq. Ft.                                                        Qnty                                 Total
studio
one bedroom
two bed one bath in sixplex
two bed two bath in sixplex
three bedroom TH                                                 1499                                                                     170                                   254,830
four bedroom TH                                                  1702                                                                     102                                   173,604
five bedroom TH                                                  2115                                                                      64                                   135,360
manager units                                                    1499                                                                       2                                     2,998
Commercial Store
Commercial Café
Total Units & Living Area                                                                                                                 338                                   566,792
13. Type of parking facilities and number of spaces (i.e., detached garage, tuck-under, subterranean, carport, open, etc.).
  100 carport leased spaces                                                                                                                                                           100
  15 car share/rental spaces                                                                                                                                                           15
  20 public metered spaces                                                                                                                                                             20
Total Parking                                                                                                                                                                         135


                                                                                    BUDGET SUMMARY
                                                                                                                                     Per Unit Per Total Monthly Total            Annual
                                                            100-FIXED COSTS                                                             Month
            101 Property Taxes                                                                                                                  0.00                 0                  0
            102 Corporation Franchise Taxes                           (Included in General Budget)                                              0.00                 0                  0
            103 Insurance Property                                    (Included in General Budget)                                              0.00                 0                  0
            104 Local License & Inspection                                                                                                      0.00                 0                  0
            105 Estimated Income Taxes                                                                                                          0.00                 0                  0
                                                                                                                    100 SUB TOTALS              0.00                 0                  0
                                                        200-OPERATING COSTS
            201 Electricity (see worksheet)                           (Unit Owner Pays Domestic Use - No Common)                                0.00                 0                  0
            202 Gas (see worksheet)                                   (Unit Owner Pays Domestic Use - No Common)                                0.00                 0                  0
            203 Water (see worksheet)                                 (Unit Owner Pays Domestic Use - No Common)                                0.00                 0                  0
            204 Sewer/ Septic Tanks                                   (Unit Owner Pays Domestic Use - No Common)                                0.00                 0                  0
            205 Cable TV/ Master Antenna                                                                                                        0.00                 0                  0
            207 Custodial Area                                        (Included in General Budget)                                              0.00                 0                  0
          207a Custodial Supplies                                                                                                               0.00                 0                  0
            208 Landscape Area                                        (Included in General Budget)                     Area                     0.00                 0                  0
          208a Landscape Supplies                                                                                                               0.00                 0                  0
            209 Refuse Disposal                                       (Included in General Budget)                                              0.00                 0                  0
            210 Elevator                                                                 Type                          Number                   0.00                 0                  0
            211 Street, Parking, Drive Cleaning                       (Included in General Budget)          #REF!      Area                     0.00                 0                  0
            212 Heating & Air Conditioning Maintenance Area                                                            Area                     0.00                 0                  0
            213 Swimming Pool                                                            Number                        Area                     0.00                 0                  0
                 Spa                                                                     Number                        Area                     0.00                 0                  0
          213a Swimming Pool/Spa Supplies                                                                                                       0.00                 0                  0
            214 Tennis Court                                                             Number                        Area                     0.00                 0                  0
            215 Access Control                                                                                                                  0.00                 0                  0
                 Guard Hours Per Day                                                                                                            0.00                 0                  0

          RE FORM 623 (Rev. 4/07)                                                            Golden Consulting Group                                                      Printed 8/7/2012
        Townhouse Budget                                                                  Bayview Village                                                            Page 49 of 53

             Motorized Garage Gate                                                                                   Number                0.00             0                 0
             Intercom & Telephone Entry                                                                              Number                0.00             0                 0
         216 Annual Reserve Update                             (Included in General Budget)                                                0.00             0                 0
         217 Miscellaneous
             Minor Repairs                                                                                                                 1.00          338              4056
             Fire Sprinkler Inspections                        (Included in General Budget)                                                0.00            0                 0
             Fire Alarm and Security Surveillance System       (Included in General Budget)                                                0.00            0                 0
             Maintenance Manual & Property Inspections         (Included in General Budget)                                                0.00            0                 0
             Pest Control                                   (Included in General Budget)                                                   0.00            0                 0
             Storm Drain / V-Ditch Maintenance & Inspection
                                                                                                                200 SUB TOTALS              1.00         338            4,056
Townhouses                                                                                                                         Per Unit Per Total Monthly Total    Annual
Special Operating Costs                                                                                                               Month
         219 Ecopass Village Bus and Taxi Voucher Operating Costs
         220 Minivan and electrocart operation
                                                                                                       219-220 SUB TOTALS                  0.00             0                 0
                                                     300-RESERVES
    301-313 Reserves (attach reserve worksheet)                                                                                           37.61        12,713         152,551
                                                                                                            300 SUB TOTALS                37.61        12,713         152,551
                                                 400-ADMINISTRATION
        401 Management (salary/wage + benefits)
            Manager with apartment                                               (Included in General Budget)                              0.00             0                0
            Assistant Manager with apartment (value $24,000)                     (Included in General Budget)                              0.00             0                0
            Part Time Assistant Manager, no apartment                            (Included in General Budget)                              0.00             0                0
            Part-timers, 3,000 hours, $14.40/hour compensation                   (Included in General Budget)                              0.00             0                0
        402 Legal & CPA Services                                                 (Included in General Budget)                              0.00             0                0
        403 Accounting                                                           (Included in General Budget)                              0.00             0                0
        404 Education                                                            (Included in General Budget)                              0.00             0                0
        405 Misc. Office Expenses includes lock box                              (Included in General Budget)                              0.00             0                0
                                                                                                            400 SUB TOTALS                 0.00             0                0
                                                                                                          (100 - 400) TOTAL               38.61     13,050.57       156,606.79
                                                   500-CONTINGENCY
        501 Contingency (New)                                                                                   3%                         1.08           365            4,376
        502 Contingency (Conversion 5%)                                                                                                    0.00          0.00             0.00
        503 Revenue Offset (see attached)
                                                                                                            TOTAL BUDGET                  39.69     13,415.20       160,982.43


                                                     INCOME OPERATING AND RESERVE ASSESSMENT
MEMBERS OPERATING ASSESSMENT                                                                                                              2.08           703            8,432
MEMBERS RESERVE ASSESSMENT                                                                                                               37.61        12,713          152,551
TOTAL INCOME                                                                                                                             39.69        13,415          160,982

The Budget and Management Document Indicate:                                                       Equal Assesmment              Variable Assessment
                                                                                                               VARIABLE MONTHLY ASSESSMENT
                                                                                                                   UNIT TYPE          PUPM          QNTY         MONTHLY
                                                                                                            three bedroom TH             37.56       170            6385
                                                                                                             four bedroom TH             39.99       102            4079
                                                                                                              five bedroom TH            44.94        64            2876
                                                                                                                 manager units           37.56        2              75
                                                                                                                   TOTAL                                           13,415

                                                                     RESERVES WORKSHEET
DRE FILE NUMBER                                                                                                      TRACT NUMBER
Townhouses                                                                                                           na
                                                  (1)               (2)              (3)              (4b)              (4c)      Annual            Cost            Cost
            DESCRIPTION                         SQ. Ft.          Unit cost       Replacement         Useful           Remaining   Reserve            Per           Monthly
                                                Number          or Manual           Cost              Life              Life    Contribution        Month          Per Unit
PAINTING/STAINING
Painting: Building HardiPlank Lap Siding           437,580                0.75        $328,185                  15            15        $21,879      $1,823.25           $5.39
Sealing: Balcony Decks                                     0                 0                $0                 5             5             $0          $0.00           $0.00
  Repair/Resurface Balcony Decks @5%                       0                 0                $0                20            20             $0          $0.00           $0.00
ROOFING
Roof Inspection & Repair                               338                350         $118,300                   5             5        $23,660      $1,971.67           $5.83
Flat Integrated Solar Roof                         202,299               4.00         $809,196                  15            15        $53,946      $4,495.53          $13.30
Drains & Downspouts                                    336              1,500         $504,000                  30            30        $16,800      $1,400.00           $4.14

        RE FORM 623 (Rev. 4/07)                                                      Golden Consulting Group                                                      Printed 8/7/2012
        Townhouse Budget                                                          Bayview Village                                                              Page 50 of 53

OTHER
Wood Destroying Pest Eradication/Repair              336            1,500     $504,000              15               15       $33,600         $2,800.00            $8.28
Unallocated Reserve Funds @ 3%                                                                                                 $2,665           $222.12            $0.66
TOTAL ANNUAL RESERVES                                                                                                       $152,551           $12,713            $37.61

             1. Building                                      Length          Width                      Quantity                           Footprint
             three bedroom TH                                   32             16                             170                               87,040
             four bedroom TH                                    32             18                             102                               58,752
             five bedroom TH                                    32             22                               64                              45,056
             Total Buildings and Area                                                                         336                              190,848


                                                            ROOF RESERVE WORKSHEET
                                TYPE          WIDTH          QUANTITY                      TOTAL                           TOTAL            NORMAL            TOTAL
 BUILDING                        OF             OF             (INCL.         PITCH         ROOF                           REPAIR             LIFE            ANNUAL
                              ROOFING       OVERHANG        OVERHANG)       MULTIPLIER      AREA         COST / S.F.       COST             EXPECTED           COST
                           Flat Integrated Solar Roof, cost includes roof and solar equipment
three bedroom TH                                   1.06          92,262               1       92,262        4.00           $369,050        15                    $24,603
four bedroom TH                                    1.06          62,277               1       62,277        4.00           $249,108        15                    $16,607
five bedroom TH                                    1.06          47,759               1       47,759        4.00           $191,037        15                    $12,736
                                                                                                                    TOTAL ROOF COST PER YEAR                    $53,946


                                                                   PAINTING WORKSHEET
BUILDING Exterior PAINTED AREA INVENTORY
 BUILDING                                                   PERIMETER                       X 10'                          TOTAL                              TOTAL
   TYPE                                                        EACH                        /STORY                          QNTY                                AREA
                                                            TWNHOUSE
three bedroom TH                                       96                     30                                                     170                        489,600
four bedroom TH                                       100                     30                                                     102                        306,000
five bedroom TH                                       108                     30                                                      64                        207,360
BUILDING PAINTING HardiPlank Lap Siding (15 Year Warranty Guarantee No Paint)
                                                                              TOTAL       55% WOOD         COST            TOTAL            NORMAL            ANNUAL
 BUILDING                  (15 Year Warranty Gaurentee No Paint)              AREA         TOTAL         FACTOR           PAINTING            LIFE           PAINTING
   TYPE                                                                     PER BLDG.       AREA          PER S.F.         COST            EXPECTANCY          COST
three bedroom TH                                                               489,600        269,280              0.75   201,960                      15         13,464
four bedroom TH                                                                306,000        168,300              0.75   126,225                      15          8,415
five bedroom TH                                                                207,360        114,048              0.75    85,536                      15          5,702
45% of WOOD IS COMMON WALLS BETWEEN THE ROW OF HOUSES
                                                                                                               ANNUAL PAINTING WOOD COST                          27,581

                                                                                                          TOTAL ANNUAL PAINTING COST                            $27,581

                                       ELECTRICAL ENERGY CONSUMPTION WORKSHEET
             A. Lighting (Number of lights x average watt per light x average number of hours in use per day x .03 = KWH Per Month)
                                                                                           HOURS                                              KWH
                       LIGHTS                NUMBER            TYPE          WATTS                                          x 0.03
                                                                                            /DAY                                           PER MONTH
                         Townhouses have no common areas with electrical usage. Each unit owner will pay for its own domestic use.




        RE FORM 623 (Rev. 4/07)                                               Golden Consulting Group                                                       Printed 8/7/2012
Townhouse Budget                                                 Bayview Village                                           Page 51 of 53


                                          GAS CONSUMPTION WORKSHEET
                   Townhouses have no common areas with gas usage. Each unit owner will pay for its own domestic use.




RE FORM 623 (Rev. 4/07)                                      Golden Consulting Group                                    Printed 8/7/2012
Townhouse Budget                                            Bayview Village                                             Page 52 of 53


                                WATER AND SEWER WORKSHEET
           Townhouses have no common areas with water or sewer. Each unit owner will pay for its own domestic use.




RE FORM 623 (Rev. 4/07)                                 Golden Consulting Group                                      Printed 8/7/2012
        Townhouse Budget                                                            Bayview Village                                                          Page 53 of 53


                                                      PRORATION SCHEDULE WORKSHEET
Section I Variable Assessment Computation
                        A. Variable Costs Description
                                       1 Insurance (Included in General Shared Budget)                                                               0
                                       2 Domestic Gas (No Domestic Shared Common Gas)                                                                0
                                       3 Domestic Water & Sewer (No Domestic Shared Common Water or Sewer)                                           0
                                       4 Paint Reserves                                                                                          2,298
                                       5 Roof Reserves                                                                                           4,496
                                       6 Hot Water Heater - Reserves (if common)                                                                     0
                           Total Variable Costs                                                                                                  6,794
                        B. Total Livable square footage of all units from condominium plan:                                                    566,792
                        C. Variable Factor (variable monthly costs divided by square footage = variable factor):                                  0.012
Section II Equal Assessment Computation
                        A. Total Monthly Budget                                                                                              13,415.20
                           Less Variable Costs                                                                                                6,793.98
                           Total Monthly Equal Costs                                                                                          6,621.22
                        B. Monthly Base Assessment                                                                                               19.59
Section III Assessment Schedule
                                 Unit          Unit        Variable          Variable          Base          Monthly        Quantity          Total
                               Number          Size         Factor          Assessment      Assessment      Assessment                       Monthly
                                                              X                 =               +               =                x          Assessment
                        three bedroom TH      1499           0.012               17.97          19.59               37.56             170     6,384.78
                         four bedroom TH      1702           0.012               20.40          19.59               39.99             102     4,079.06
                         five bedroom TH      2115           0.012               25.35          19.59               44.94              64     2,876.25
                            manager units     1499           0.012               17.97          19.59               37.56               2        75.12
Verification of Computations                                              Total Monthly Budget (Section III)                                  13,415.20
              * Total Assessment x number of units of each type.          Total Monthly Budget (Section IIA)                                  13,415.20
Section IV Variable Assessments
                                Highest                     Lowest                            Lowest                            %
                              Assessment        -         Assessment        Divided By      Assessment          =           Differential
                                    44.94                         37.56                             37.56                        19.66%




        RE FORM 623 (Rev. 4/07)                                              Golden Consulting Group                                                      Printed 8/7/2012

								
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