1. The current regular average assessment per ownerhsip interest is $ 538.11 per month. Assessment applicable to ownership interest by model type:

   Model	Operations	Reserves	Total
   A	$ 335.26	$ 133.19	$ 468.45
   B	$ 356.28	$ 150.08	$ 506.36
   C	$ 398.74	$ 166.58	$ 565.32
   D	$ 412.34	$ 199.98	$ 612.32

2. Additional regular or special assessments that have already been scheduled to be imposed or charged, regardless of the purpose, if they have been approved by the board and/or members:

   Date of Assessment	Assessment Amount	Purpose of Assessment
   	$ 0.00
   	$ 0.00
   Total	$ 0.00

   The additional regular or special assessment applicable to ownership interest by model type:

   Model	Amount
   A	$ 0.00
   B	$ 0.00
   C	$ 0.00
   D	$ 0.00

3. Based upon the most recent reserve study and other information available to the board of directors, will currently projected reserve account balances be sufficient at the end of each year to meet the association's obligation for repair and/or replacement of major components during the next 30 years:

   Yes _____ No _____

4. If the answer to (3) is no, what additional assessments or other contributions to reserves would be necessary to ensure that sufficient reserve funds will be available each year during the next 30 years that have not yet been approved by the board or the members:

   Approx Assessment Date	Assessment Amount	Purpose of Assessment
   Total

5. All major components are included in the reserve study and are included in its calculations.

6. Based on the method of calculation in paragraph (4) of subdivision (b) of Section 1365.2.5, the estimated amount required in the reserve fund at the end of the current fiscal year is $1,500,000.00, based in whole or in part on the last reserve study or update prepared by PRA-Demo System as of December 22, 2009.The projected reserve fund cash balance at the end of the current fiscal year is $1,500,000.00, resulting in reserves being 53.53 percent funded at this date.

   An alternate, but generally accepted, method of calculation was used in preparing the reserve plan. The cash flow method was utilized under the following format:

   Reserve Fund Cash Balance - determined as of the beginning of the next fiscal year.

   Reserve Item Data - For each reserve item the following was determined: description, category, basis cost, cost, quantity, estimated useful life and estimated remaining life.

   Expenditures - the reserve item data above was used to project when the initial and recurring expenditures will be incurred over the next 30 years (includes taxes on interest earned).

   Interest – calculated on the available funds.

   Contribution – determined based on the following: annual contribution increases, interest earned and inflation on reserve items

   Based upon the following financial assumptions:

   Annual Contribution Increase - 2.00%
   Interest Earned - 3.00%
   Taxes on Interest Earned - 25.00%
   Inflation on Reserve Items - 3.00%
   Contingency - 5.00%
   Contingency Time - 6:00 Yr:Mo

   The contingency amount is a percentage of the current cost of replacement, $5,671,484.40. This amount will be funded over the contingency time period. This will increase the total monthly contribution by $646.32.

   The required reserve amount at the end of the current fiscal year utilizing the cash flow method is $1,500,000.00. The reserve plan, based on all the assumptions, assures that funds for major repairs and replacement will be available when needed and that this method is equitable for charging current rather than future owners with the cost of current use.

7. Based on the method of calculation in paragraph (4) of subdivision (b) of Section 1365.2.5 of the Civil Code, the estimated amount required in the reserve fund at the end of each of the next five budget years is (see table below), and the projected reserve fund cash balance in each of those years, taking into account only assessments already approved and other known revenues, is (see table below), leaving the reserve at (see table below) percent funding. If the reserve funding plan approved by the association is implemented, the projected reserve fund cash balance in each of those years will be (see table below), leaving the reserve at (see table below) percent funding.

   Year	100% Funded	Project Reserve Fund	Percent Funded
   1	$2,759,385.86	$1,649,603.54	59.78%
   2	$2,733,586.07	$1,820,852.17	66.61%
   3	$2,713,098.00	$1,995,451.62	73.55%
   4	$2,645,659.53	$2,126,201.80	80.37%
   5	$2,748,739.95	$2,460,689.53	89.52%

Note: The financial representations set forth in this summary are based on the best estimates of the preparer at that time. The estimates are subject to change.