real property appraisal consulting report insurance replacement...

Allied Appraisal Services, Inc.

REAL PROPERTY APPRAISAL CONSULTING REPORT

INSURANCE REPLACEMENT COST APPRAISAL (Construction Cost Estimate for Insurance Replacement Cost)

Meadowbrook Lakes Section B Condominium

1024 SE 4 th Avenue Dania, Florida 33004

as of

April 1, 2008

Meadowbrook Lakes Section B Condominium Allied Appraisal Services, Inc.

0802-006A 2

Building Gross Standard Flood Ordinance OfNumber Address Units Floor Area Policy Hazard Law

7 1025 SE 3rd Avenue 32 42,368 2,952,370$ 4,088,346$ 3,306,154$ 8 314 SE 10 Street 32 42,368 2,952,370 4,088,346 3,306,1549 324 SE 10 Street 32 43,760 3,038,513 4,197,522 3,400,73510 1024 SE 4th Avenue 32 43,760 3,038,513 4,197,522 3,400,73511 325 SE 11 Street 32 43,760 3,038,513 4,197,522 3,400,73512 315 SE 11 Street 32 43,760 3,038,513 4,197,522 3,400,735

0 3,072 318,957 338,384 357,165

Totals 192 18,377,749$ 25,305,164$ 20,572,413$

Other Improvements

Swimming Pool 47,130$ 47,130$ 47,130$ Pool Equipment 11,780 11,780 11,780Pool Heater 5,730 5,730 5,730Pool Patio 31,970 31,970 31,970Patio Fencing 11,750 11,750 11,750Pool Equipment Shelter 3,630 3,630 3,630Perimeter Chain Link Fencing 6,860 6,860 6,860Flag Pole 2,180 2,180 2,180Lake Aerator 6,620 6,620 6,620Site Lights (47) 54,130 54,130 54,130

Total Other Improvements 181,780$ 181,780$ 181,780$

Grand Totals 18,559,529$ 25,486,944$ 20,754,193$

following valuation report.

The above totals give consideration to Florida legislated exclusions.The supporting details show totals with and without these exclusions.

Supporting details for the above insurance replacement cost are shown in the

Summary Statement of Insurance Replacement Cost

Building and Other Improvement Is As Follows The Insurance Replacement Cost Of Each

Clubhouse Building

0802-006A 3

XXXXX, 2007 April 22, 2008 Meadowbrook Lakes Section B Condominium 1024 SE 4 th Avenue Dania, Florida 33004 Gentlemen: In accordance with your request we have performed certain Real Property Appraisal Consulting services as described hereinafter. Services Provided We have prepared an insurance replacement cost appraisal (construction cost estimate) for the buildings and other improvements at the following described property. Identification of Subject Property Meadowbrook Lakes Section B Condominium 1024 SE 4 th Avenue Dania, Florida 33004 Purpose of the Service The purpose of this service is to estimate the insurance construction replacement cost of the improvements as of the date of valuation. Function of the Service The service is provided to comply with your request to assist in determining the insurance replacement cost for insurance placement purposes. Intended Use and Users This appraisal is intended to be used in the process of purchasing appropriate property insurance for the subject property. In this process the typical users will be the client, insurance agents, brokers, insurance companies and underwriters. Description of Improvements The improvements comprise six four-story condominium apartment buildings, a single story clubhouse building, recreation facilities and various other site improvements.

Professional Appraisers Of Real And Personal Property

929 S.E. First Street ? Pompano Beach, FL 33060 ? (954) 782-3130

Toll Free (800) 273-4623 ? Fax (954) 942-7678 ? Email: [email protected]

ALLIED APPRAISAL SERVICES, INC.


0802-006A 4

Date of Inspection The property was inspected on February 21, 2008. Date of Valuation Construction cost data, estimates and values as reported herein are adjusted to April 1, 2008. Definitions “Real Property Appraisal Consulting Service” as used herein is defined as being the development of an estimate of the construction replacement cost value for insurance purposes. “Replacement Cost” as used herein is defined as being the cost of construction, in like kind and quality as built, of a building or other improvement having the same or similar utility but substituting modern methods and materials for those methods and materials no longer available or typically used in construction. “Replacement Cost - Ordinance of Law” as used herein is defined as being the same as the replacement cost as defined above but with the added requirement of using specific design features, methods and materials required by governmental laws, ordinances or regulations so that the completed building is in compliance with current building codes. Ordinance of Law costs are not estimated for minor structures such as carports or other site improvements. “Below Ground Foundation” as used herein is defined as being the below base grade level construction including Piles, Pilings, Pile Caps, Grade Beams, Footings, Footers and Stem Walls and also including the necessary excavation and backfill. When buildings have below ground enclosed areas such as garages or basements, the foundations are considered to be below the lowest level floor slab. Below ground foundations costs are not estimated for minor structures or other site improvements. “Demolition and Removal Cost” as used herein is defined as being the cost to demolish a building or structure including the cost to raze, load, haul and dispose of all materials. Not included in this cost, however, is any cost for hazardous material abatement and disposal. Demolition and Removal costs are not estimated for minor structures or other site improvements.


0802-006A 5

Natural Disaster Disclaimer Recovery and reconstruction from widespread natural disasters such as hurricane or flood will create abnormal shortages of labor and materials which, in turn, will cause price increases as much as 50 percent or more above normal costs prior to the event. These increases, while temporary, may last for a year or more before returning to normal market conditions. The values as reported herein are estimated based on normal market conditions and are considered appropriate for various purposes including insurance coverage. Some or all of the estimated values as reported herein may be inadequate for reconstruction or repair in periods after a widespread natural disaster. Appraisal Inclusions This appraisal service considers the below ground foundations and the above ground insurable elements of the buildings. Included as a part of the building are: 1. The basic structure including framework, structural floors, roof structure and surface, exterior closure such as walls, doors, windows, and other components. 2. The interior construction such as interior walls and partitions, ceilings, doors and built in items such as kitchen and bathroom cabinets and closet shelving systems. 3. The building service systems such as the electrical distribution system, plumbing system, air conditioning system, fire protection system, telephone and television wiring system(s). 4. Common area fixtures, equipment and décor such as carpet, vinyl or ceramic floor coverings, wall coverings, mirrors, special ceilings, ceili ng fans and chandeliers and other custom decoration features. 5. An allowance for an appliance and floor, wall, ceiling finish package considered equivalent to those typically provided in competitive projects. 6. Below ground foundations as previously described in “Definitions” Appraisal Exclusions This appraisal service does not include the following property items and/or components.

1. Land, landscaping, paved areas and utility services,. 2. Common area or private unit personal property other than as specifically itemized

herein.

3. Existing additions, alterations and improvements to private units such as storm or security protective shutters, balcony, porch or patio enclosures, replacement plumbing or lighting fixtures and other upgrades made to the individual private units by the owners subsequent to completion of original construction.


0802-006A 6

Florida Law Optional Exclusions By reason of Florida condominium regulatory legislation, “Florida Statute Ch. 0718 Section 111” effective January 1, 2004, condominium associations have the option to exclude from insurance coverage of a condominium building certain items described as follows: 1. Unit floor, wall and ceiling coverings, electrical fixtures, appliances, air conditioning and heating equipment, water heate rs, water filters, built-in cabinets, countertops, window treatments including curtains, drapes, blinds, hardware and other window treatment components, or replacements of any of these items which are located within the boundary of the unit and serve only one unit. 2. Unit air conditioning equipment that services only a single unit, whether or not it is located within the unit. For purposes of this appraisal service, allowable exclusion values are estimated on a per unit basis as follows.

A/C Wall TotalNumber Apartment Systems Floor / Ceiling Exclusions

Building Units Cabinetry For Apts Allowance Appliances Per Unit

7 & 8 64 10,526 7,050 11,044 4,786 33,406$ 9, 10, 11 & 12 128 10,526 7,304 11,441 4,786 34,057

Total 192 Units 6,497,280$


0802-006A 7

Florida LawGross Exclusions/ Total

Bldg Floor Above Below Unit Above Ground # Address Units Area Ground Ground Total 33,406$ After Exclusions

7 1025 SE 3rd Ave. 32 42,368 4,021,362$ 66,984$ 4,088,346$ 1,068,992$ 2,952,370$ 8 314 SE 10 St. 32 42,368 4,021,362 66,984 4,088,346 1,068,992 2,952,3709 324 SE 10 St. 32 43,760 4,128,337 69,185 4,197,522 1,089,824 3,038,51310 1024 SE 4th Ave. 32 43,760 4,128,337 69,185 4,197,522 1,089,824 3,038,51311 325 SE 11 St. 32 43,760 4,128,337 69,185 4,197,522 1,089,824 3,038,51312 315 SE 11 St. 32 43,760 4,128,337 69,185 4,197,522 1,089,824 3,038,513

0 3,072 318,957 19,427 338,384 0 318,957

Totals 192 24,875,029$ 430,135$ 25,305,164$ 6,497,280$ 18,377,749$

Other Improvements

Swimming Pool 47,130$ 0$ 47,130$ 47,130$ Pool Equipment 11,780 0 11,780 11,780Pool Heater 5,730 0 5,730 5,730Pool Patio 31,970 0 31,970 31,970Patio Fencing 11,750 0 11,750 11,750Pool Equipment Shelter 3,630 0 3,630 3,630Perimeter Chain Link Fencing 6,860 0 6,860 6,860Flag Pole 2,180 0 2,180 2,180Lake Aerator 6,620 0 6,620 6,620Site Lights (47) 54,130 0 54,130 54,130

Total Other Improvements 181,780$ 0$ 181,780$ 181,780$

Grand Totals 25,056,809$ 430,135$ 25,486,944$ 6,497,280$ 18,559,529$

Summary Of Values - Standard Policy

Clubhouse Building


0802-006A 8


Bldg Floor Above Below Unit Flood # Address Units Area Ground Ground Total 0$ Hazard

7 1025 SE 3rd Ave. 32 42,368 4,021,362$ 66,984$ 4,088,346$ 0$ 4,088,346$ 8 314 SE 10 St. 32 42,368 4,021,362 66,984 4,088,346 0 4,088,3469 324 SE 10 St. 32 43,760 4,128,337 69,185 4,197,522 0 4,197,52210 1024 SE 4th Ave. 32 43,760 4,128,337 69,185 4,197,522 0 4,197,52211 325 SE 11 St. 32 43,760 4,128,337 69,185 4,197,522 0 4,197,52212 315 SE 11 St. 32 43,760 4,128,337 69,185 4,197,522 0 4,197,522

0 3,072 318,957 19,427 338,384 0 338,384

Totals 192 24,875,029$ 430,135$ 25,305,164$ 0$ 25,305,164$

Other Improvements



Grand Totals 25,056,809$ 430,135$ 25,486,944$ 0$ 25,486,944$

Summary Of Values - Flood Hazard

Clubhouse Building


0802-006A 9


Bldg Floor Above Below Unit Above Ground # Address Units Area Ground Ground Total 33,406$ After Exclusions

7 1025 SE 3rd Ave. 32 42,368 4,375,146$ 66,984$ 4,442,130$ 1,068,992$ 3,306,154$ 8 314 SE 10 St. 32 42,368 4,375,146 66,984 4,442,130 1,068,992 3,306,1549 324 SE 10 St. 32 43,760 4,490,559 69,185 4,559,744 1,089,824 3,400,73510 1024 SE 4th Ave. 32 43,760 4,490,559 69,185 4,559,744 1,089,824 3,400,73511 325 SE 11 St. 32 43,760 4,490,559 69,185 4,559,744 1,089,824 3,400,73512 315 SE 11 St. 32 43,760 4,490,559 69,185 4,559,744 1,089,824 3,400,735

0 3,072 357,165 19,427 376,592 0 357,165

Totals 192 27,069,693$ 430,135$ 27,499,828$ 6,497,280$ 20,572,413$

Other Improvements



Grand Totals 27,251,473$ 430,135$ 27,681,608$ 6,497,280$ 20,754,193$

Summary Of Values - Ordinance of Law

Clubhouse Building


0802-006A 10

Gross Above Above Below Below TotalBldg Floor Ground Ground Ground Ground Demolition # Address Units Area Demolition Disposal Demolition Disposal & Disposal

7 1025 SE 3rd Ave. 32 42,368 239,065$ 449,523$ 33,979$ 28,922$ 751,489$ 8 314 SE 10 St. 32 42,368 239,065 449,523 33,979 28,922 751,4899 324 SE 10 St. 32 43,760 246,919 461,667 35,095 29,873 773,55410 1024 SE 4th Ave. 32 43,760 246,919 461,667 35,095 29,873 773,55411 325 SE 11 St. 32 43,760 246,919 461,667 35,095 29,873 773,55412 315 SE 11 St. 32 43,760 246,919 461,667 35,095 29,873 773,554

0 3,072 17,248 47,596 9,806 8,347 82,997

Totals 192 1,483,054$ 2,793,310$ 218,144$ 185,683$ 4,680,191$

Summary of Values - Demolition and Disposal

Clubhouse Building


0802-006A 11

Limiting Conditions Allied Appraisal Services, Inc. maintains a data base of construction costs typically and generally found in Florida condominium construction projects. These costs are frequently taken from or are composites of data published by recognized cost data services such as Marshall & Swift/Boeckh, R.S. Means/Dodge, Craftsman Book Co. and others we feel are appropriate. Also included whenever considered appropriate are data from actual construction project cost breakdowns. Allied’s data base is considered proprietary since it is believed to be unique in composition and content. The individual and/or component costs used in this construction cost appraisal are based on construction cost data published in national construction cost guides and from costs and formulas derived from an analysis of actual construction project costs. Costs are adjusted for quality, location and date of estimate. Costs are based on constructing the building in its entirety as of the date of estimate. All cost estimates include contractor’s overhead and profit. Information, estimates, data and opinions expressed and/or presented in this report are derived from sources that are considered to be reliable and are believed to be accurate, true and correct. Neither the appraiser nor this firm accepts responsibility for the accuracy of data that was developed by other parties. Allied does not contend or imply that their estimated costs are the precisely correct amount. Experience in reviewing construction project estimates and costs indicates that actual project cost estimates as bidded by contractors can vary significantly from the high to low bids. It is Allied’s position that estimates developed by them are reasonable and appropriate and would likely fall within the range of high and low bids if the projects were actually bid for construction. Construction materials, systems, sizes and/or dimensions are based on a physical inspection of the improvements and, when available, a review of construction plans and/or condominium documents. Building plans were not provided to the estimator nor was access to visually verify the type of construction of the condominium buildings’ columns and beams, elevated floors, roof structure and exterior walls , or the clubhouse columns and beams, roof structure and exterior walls. The condominium buildings are estimated to be reinforced concrete columns and beams, reinforced concrete elevated floors, roof structure and exterior walls. The clubhouse building is estimated to be reinforced concrete columns and tie beams, wood truss and deck roof structure, and reinforced concrete exterior walls. These estimated are based on conversation with Frank Belli and information gathered during the physical inspection of the improvements. If at a later date the building plans and/or visual access is made available, the type of construction for these items and our estimated replacement cost may change. No investigation or analysis of environmental or ADA compliance matters has been conducted.


0802-006A 12

USPAP Comments The Appraisal Foundation (AF), through its Appraisal Standards Board (ASB), has established Uniform Standards of Professional Appraisal Practice (USPAP) which, along with its Advisory Opinions (AO) establish standards and regulate appraisal practice in the United States of America. ASB Standards No. 4 and No. 5 are concerned with the development and reporting of Real Property Appraisal Consulting, which it is believed is the type of appraisal service performed in this engagement. The appraiser signing this report believes that all Standards Rules in Standards 4 and 5 have been complied with in the development and reporting of this Real Property Appraisal Consulting assignment. ASB in its Advisory Opinion #21 states that the critical distinction between valuation services and appraisal practice is that valuation services can be provided by a variety of professionals, including appraisers, while appraisal practice is provided only by appraisers. AO #21 also states that state certified, licensed or registered appraisers who perform valuation services in roles other than appraisers are not obligated to comply with USPAP, with the exception tha t they must not misrepresent their role. The development of a construction replacement cost value for insurance placement purposes is considered to be a valuation service that can be provided by a variety of professionals, including appraisers, and as such is not within the definition of appraisal practice. The appraiser has relied on qualified and credible subordinate individuals for professional assistance in the development of this Real Property Appraisal Consulting service (construction replacement cost for insurance placement purposes). These individuals may or may not be state certified, licensed or registered appraisers and, regardless, are used solely to provide other valuation services, which under AO #21 may be provided by a variety of professionals, and which are not necessarily considered as appraisal practice. In accordance with ASB Standards Rule 5-3, the individuals providing professional assistance in the development of this appraisal are named in the Certification section of this appraisal.


0802-006A 13

Certification The undersigned certifies that, to the best of his knowledge and belief: 1. The statements of fact contained in this report are true and correct. 2. The reported analyses, opinions and conclusions are limited only by the reported assumptions and limiting conditions, and are impartial and unbiased professional analyses, opinions, conclusions and recommendations. 3. Neither this firm, the appraiser or others involved on the assignment have a present or prospective interest in the subject property or bias with respect to the parties involved with the assignment. 4. The engagement for this assignment and the compensation therefore was/is not contingent upon developing or reporting a predetermined value, the attainment of a stipulated result or direction in value that favors the client or any party directly related to the intended use of this Real Property Appraisal Consulting assignment. 5. The analyses, opinions and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. 6. The subject property was inspected by an individual providing professional assistance in the development of this appraisal service. The subject property was not inspected by the appraiser who relied on an inspection report prepared by an individual providing professional assistance in the development of the appraisal service. Appraisal Standards Board Advisory Opinion #2 states that an appraiser does not personally have to inspect the appraised property but may rely on data compiled by others considered credible. 7. Significant professional assistance in the development and reporting of this Real Property Appraisal Consulting report was provided by the following individuals: William K. Leffew Vice President Manager Insurance Department

Peter Sharrock Senior Estimator Certified Marshall and Swift Appraiser

Respectfully submitted, Allied Appraisal Services, Inc.

Gary O. Maehl, ASA State-Certified General Appraiser #RZ728 President


0802-006A 14

Summary of Construction Features

Other Improvements Pool and Patio Area Reinforced concrete in-ground pool, brick paver

patio deck. Pool equipment located in pool equipment shelter, pool heater located on slab on ground.

Pool Patio Fencing Masonry constructed patio railing. Lake Aerator Estimated to be 3 HP electric pump. Flag Pole Typical metal pole. Pool Equipment Shelter Reinforced concrete in-ground walls , wood frame

cover. Perimeter Fence Chain Link Area Lighting Metal poles, single globe-type fixtures. Summary of Construction Features

Additional Required Items All Hypothetical Buildings

Windstorm Protection All parts or systems of a building or structure

envelope such as, but not limited to, exterior walls, roof, outside doors, skylights, glazing and glass block shall meet impact test criteria or be protected with an external protection device that meets the impact test criteria. (Florida Building Code 2001)

Fire Protection Any building which is of three stories or more in

height shall be equipped with an approved automatic sprinkler system. (Florida Building Code 2001)


0802-006A

15

Quantity Unit Cost Component Cost Unit Cost Component CostExisting Existing To Code To Code

10,592 5.27 55,820$ 5.27 55,820$ 10,592 3.33 35,271 3.33 35,27142,368 1.96 83,041 1.96 83,04131,776 11.84 376,228 11.84 376,22811,179 11.84 132,359 11.84 132,359

9 5,466 49,194 5,466 49,194

S.F. Wall 22,614 8.97 202,848 8.97 202,848S.F. Wall 22,614 3.74 84,576 3.74 84,576

5,014 34.00 170,476 0.00 0

11,179 3.34 37,338 3.34 37,33811,179 1.06 11,850 1.06 11,850

0 0.00 0 0.00 0

30,472 14.78 450,376 14.78 450,3760 0.00 0 0.00 0

3,076 2.60 7,998 2.60 7,9980 0.00 0 0.00 00 0.00 0 0.00 0

1 83,044 83,044 83,044 83,04442,368 7.49 317,336 7.49 317,33630,472 6.17 188,012 6.17 188,01242,368 7.32 310,134 7.32 310,134

0 0.00 0 0.00 00 0 0 0 0

33,548 0.00 0 2.41 80,85142,368 0.15 6,355 0.15 6,35542,368 0.00 0 0.00 030,472 0.39 11,884 0.39 11,884

3,876 13.13 50,892 13.13 50,8924,944 7.91 39,107 7.91 39,107

Other Systems None S.F. Areas 0 0.00 0 0.00 05,654 0.00 0 68.00 384,445

32 9,203 294,496 9,203 294,49632 8,772 280,704 8,772 280,70432 3,988 127,616 3,988 127,616

Sub-Total 3,406,955$ 3,701,775$ 0.00% 0 0

20.00% Contractor Fees (General Requirements 5% Overhead and Profit 15%) 681,391 740,35542,368 To Code 30,472 To Code96.50$ 104.85$ 134.17$ 145.78$ Grand Total 4,088,346$ 4,442,130$

Footings and FoundationsSlab on GradeColumns and BeamsElevated Floors

Gross Floor AreaSquare Foot Price

Finished AreaSquare Foot Price

Structure

Replacement Cost Analysis for InsuranceBuildings 7, 8 (each) Four Story

RoofStairs

Exterior ClosureWalls

Estimated to be reinforced concreteReinforced concrete

Estimated to be reinforced concreteExterior Wall FinishesWindows and Glazed Surfaces

RoofingRoof Coverings

Stucco and paintAluminum and glass

MembraneInsulationRoof Mansard

Interior ConstructionInterior Partitions, Doors, Ceilings

Insulation boardNone

Drywall, wood or composite doors, acoustic material on floor plateFloor / Wall Finishes and DecorService, Maintenance and Equipment Internal ParkingExternal Parking

Mechanical-ElectricalElevatorsPlumbingAir Conditioning

2000 lbs capacity, hydraulic, four landingsKitchen, bathroom and service fixtures, supply and drainageSplit type system

Lighting and PowerSecurity SystemsBuilding Equipment

Fire Protection

Base receptacles, switches, A/C and misc. powerNoneNone

Sprinkler SystemOther SystemsHigh Rise SystemApartment Protection

Special ConstructionBalconies and Patios Walkways

Windstorm Protection

Railings, floor sealer and screeningRailings and floor finish

Current = none. Proposed = Impact resistant windows Apartment DecorApartment CabinetryApartment Appliances

Architect Fees

Estimated to be reinforced concrete spread and strip footersReinforced concrete Estimated to be reinforced concrete columns and beamsEstimated to be reinforced concrete

None (finish common area only)Partitions, paint and floor sealerNoneNone

Current = none. Proposed = wet pipe sprinkler systemManual pull stations, annunciators, fire extinguishersNoneSmoke detectors in apartments

Wall, floor, ceiling finish allowanceCabinet allowanceAppliance allowance

Unit

S.F. GroundS.F. GroundS.F. G.F.A.S.F. Upper FloorsS.F. RoofFlight

S.F. Areas

S.F. RoofS.F. RoofLineal Feet

S.F. Finished.S.F. AreasS.F. AreasS.F. AreasS.F. Areas

EachS.F. G.F.A.S.F. FinishedS.F. G.F.A.S.F. AreasLot

S.F. Areas

UnitUnit

S.F. AreasS.F. Areas

S.F. AreasUnit

S.F. G.F.A.S.F. G.F.A.S.F. Finished


0802-006A

16


10,940 5.27 57,654$ 5.27 57,654$ 10,940 3.33 36,430 3.33 36,43043,760 1.96 85,770 1.96 85,77032,820 11.84 388,589 11.84 388,58911,179 11.84 132,359 11.84 132,359

9 5,466 49,194 5,466 49,194

S.F. Wall 23,126 8.97 207,440 8.97 207,440S.F. Wall 23,126 3.74 86,491 3.74 86,491

5,142 34.00 174,828 0.00 0

11,179 3.34 37,338 3.34 37,33811,179 1.06 11,850 1.06 11,850

0 0.00 0 0.00 0

31,568 14.71 464,365 14.71 464,3650 0.00 0 0.00 0

3,092 2.60 8,039 2.60 8,0390 0.00 0 0.00 00 0.00 0 0.00 0

1 83,044 83,044 83,044 83,04443,760 7.49 327,762 7.49 327,76231,568 6.17 194,775 6.17 194,77543,760 7.32 320,323 7.32 320,323

0 0.00 0 0.00 00 0 0 0 0

34,660 0.00 0 2.41 83,53143,760 0.14 6,126 0.14 6,12643,760 0.00 0 0.00 031,568 0.38 11,996 0.38 11,996

3,968 15.01 59,560 15.01 59,5605,132 7.91 40,594 7.91 40,594

Other Systems None S.F. Areas 0 0.00 0 0.00 05,782 0.00 0 68.00 393,149

32 9,534 305,088 9,534 305,08832 8,772 280,704 8,772 280,70432 3,988 127,616 3,988 127,616

Sub-Total 3,497,935$ 3,799,787$ 0.00% 0 0

20.00% Contractor Fees (General Requirements 5% Overhead and Profit 15%) 699,587 759,95743,760 To Code 31,568 To Code95.92$ 104.20$ 132.97$ 144.44$ Grand Total 4,197,522$ 4,559,744$

UnitUnit


S.F. AreasUnit


S.F. FinishedS.F. G.F.A.S.F. AreasLot

S.F. Areas

S.F. Areas

EachS.F. G.F.A.

S.F. Finished.S.F. AreasS.F. AreasS.F. Areas


Flight

S.F. Areas

Wall, floor, ceiling finish allowanceCabinet allowanceAppliance allowance

Unit

S.F. GroundS.F. GroundS.F. G.F.A.S.F. Upper FloorsS.F. Roof

Current = none. Proposed = wet pipe sprinkler systemManual pull stations, annunciators, fire extinguishersNoneSmoke detectors in apartments

None (finish common area only)Partitions, paint and floor sealerNoneNone

Estimated to be reinforced concrete spread and strip footersReinforced concrete Estimated to be reinforced concrete columns and beamsEstimated to be reinforced concrete

Apartment DecorApartment CabinetryApartment Appliances

Architect Fees



Railings, floor sealer and screeningRailings and floor finish

Current = none. Proposed = Impact resistant windows

Sprinkler SystemOther SystemsHigh Rise SystemApartment Protection


Fire Protection

Base receptacles, switches, A/C and misc. powerNoneNone


2000 lbs capacity, hydraulic, four landingsKitchen, bathroom and service fixtures, supply and drainageSplit type system

Floor / Wall Finishes and DecorService, Maintenance and Equipment Internal ParkingExternal Parking

InsulationRoof Mansard


Insulation boardNone

Drywall, wood or composite doors, acoustic material on floor plate

Exterior Wall FinishesWindows and Glazed Surfaces


Stucco and paintAluminum and glass

Membrane

RoofStairs


Estimated to be reinforced concreteReinforced concrete

Estimated to be reinforced concrete

Structure

Replacement Cost Analysis for InsuranceBuildings 9, 10, 11, 12 (each) Four Story





0802-006A

17


3,072 5.27 16,189$ 5.27 16,189$ 3,072 3.33 10,230 3.33 10,2303,072 1.79 5,499 1.79 5,499

0 0.00 0 0.00 04,752 6.57 31,221 6.57 31,221

0 0 0 0 0

S.F. Wall 1,382 8.92 12,327 8.92 12,327S.F. Wall 1,382 3.72 5,141 3.72 5,141

902 33.83 30,515 0.00 0

4,990 3.35 16,715 3.35 16,7154,990 0.94 4,690 0.94 4,690

0 0.00 0 0.00 0

3,072 12.70 39,014 12.70 39,0143,072 8.37 25,713 8.37 25,713

0 0.00 0 0.00 00 0.00 0 0.00 00 0.00 0 0.00 0

0 0 0 0 03,072 5.40 16,589 5.40 16,5893,072 6.14 18,862 6.14 18,8623,072 7.87 24,177 7.87 24,1773,072 0.00 0 0.00 0

1 10,901 10,901 10,901 10,901

3,072 0.00 0 0.00 03,072 0.23 707 0.23 7073,072 0.00 0 0.00 03,072 0.24 737 0.24 737

0 0.00 0 0.00 00 0.00 0 0.00 0

Other Systems None S.F. Areas 0 0.00 0 0.00 0922 0.00 0 67.66 62,355

1 0 0 0 01 8,772 8,772 8,772 8,7721 3,988 3,988 3,988 3,988

Sub-Total 281,987$ 313,827$ 0.00% 0 0

20.00% Contractor Fees (General Requirements 5% Overhead and Profit 15%) 56,397 62,7653,072 To Code 3,072 To Code

110.15$ 122.59$ 110.15$ 122.59$ Grand Total 338,384$ 376,592$




Structure

Replacement Cost Analysis for InsuranceA One Story Clubhouse Building

RoofStairs


Estimated to be wood truss and deckNone

Estimated to be reinforced concreteExterior Wall FinishesWindows and Glazed Surfaces


Stucco and paint, some stone veneerAluminum and glass

Composition shingleInsulationRoof Mansard


BattNone

Drywall, wood or composite doors, drywall on trussesFloor / Wall Finishes and DecorService, Maintenance and Equipment Internal ParkingExternal Parking


NoneKitchen, bathroom and service fixtures, supply and drainageSplit type system


Fire Protection

Base receptacles, switches, A/C and misc. powerNoneSaunas

Sprinkler SystemOther SystemsHigh Rise SystemProtection



NoneNone

Current = none. Proposed = Impact resistant windows Other SystemsKitchen CabinetryKitchen Appliances

Architect Fees

Estimated to be reinforced concrete spread and strip footersReinforced concrete Estimated to be reinforced concrete columns and tie beamsNone

Vinyl, tile, paint and decorNoneNoneNone

NoneFire extinguishersNoneSmoke detectors

NoneCabinet allowanceAppliance allowance

Unit

S.F. GroundS.F. GroundS.F. G.F.A.S.F. Upper FloorsS.F. RoofFlight

S.F. Areas


S.F. Finished.S.F. AreasS.F. AreasS.F. AreasS.F. Areas

EachS.F. G.F.A.S.F. FinishedS.F. G.F.A.S.F. AreasLot

S.F. Areas

UnitUnit


S.F. AreasUnit



0802-006A 18

FRONT OF BUILDING 7

REAR OF BUILDING 7


0802-006A 19

FRONT OF BUILDING 8

REAR OF BUILDING 8


0802-006A 20

FRONT OF BUILDING 9

REAR OF BUILDING 9


0802-006A 21

FRONT OF BUILDING 10

REAR OF BUILDING 10


0802-006A 22


REAR OF BUILDING 11


0802-006A 23


REAR OF BUILDING 12


0802-006A 24

CLUBHOUSE

SWIMMING POOL, PATIO AND PATIO FENCING


0802-006A 25

POOL HEATER, POOL EQUIPMENT SHELTER AND LAKE AERATOR

FLAG POLE AND SITE LIGHTS


0802-006A 26

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0802-006A 27

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0802-006A 28

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0802-006A 29

real property appraisal consulting report insurance replacement...

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