tranquility at the lakes

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INSTRUCTIONS FOR THE

VIRGINIA 2010 LIHTC APPLICATION FOR RESERVATION

This application was prepared using Excel, Microsoft Office 2003. Please note that using the active Excel

workbook does not eliminate the need to submit the required PDF of the signed hardcopy of the application and

related documentation. A more detailed explanation of application submission requirements is provided

below and in the Application Manual.

An electronic copy of your completed application is a mandatory submission item.

Applications For 9% Competitive Credits

Applicants should submit an electronic copy of the application either on CD or by email, or both, prior to theapplication deadline, which is 2:00 PM Richmond Virginia time on March 12, 2010. Failure to submit an electroni

copy of the application by the deadline will cause the application to be disqualified.

Applications For Tax Exempt Bond Credits

Applicants should submit an electronic copy of the application either on CD or by email, or both, at the at the tim

of application submission. Applications will not be processed until an electronic copy is received.

Disclaimer:

VHDA assumes no responsibility for any problems incurred in using this spreadsheet or for theaccuracy of the calculations. Check your application for correctness and completeness before

submitting the application to VHDA.

Entering Data:

Enter numbers or text as appropriate in the blank spaces highlighted in yellow. All other cells are

protected and will not allow any changes. The format for cells has been set to accept text, currency,

percentages, etc. as appropriate. Enter any number without commas or dollar signs. Enter

percentages beginning with a decimal point. There is no text wrap-around feature, so care must be

taken to enter text so that it does not extend beyond the right margin of the page. Enter in only enough

text to fill one line and then drop to the first yellow cell of the next line. Each page of the application is a

separate sheet in the spreadsheet. The spreadsheet contains numerous error checks which are

designed to assist you in identifying potential mistakes in your application. Please note that these may

appear as you enter data because many are dependent on entries later in the application. Do not be

concerned with these messages until all data has been entered. Also note that some cells contain

error messages such as "#DIV/0!" before you begin. These warnings will disappear as you enter

numbers necessary to complete the application.

Assistance:

If you have any questions, please call Jim Chandler at (804) 343-5786, Dale Wittie at (804)

343-5876, Cara Wallo at (804) 343-5714, Jaynell McFarland at (804) 343-5733 or Debbie Griner

at (804) 343-5518. Please note that we cannot release the copy protection password.

Staff email addresses:[email protected] - [email protected]

[email protected] - [email protected] - [email protected]

NEW in 2010

Applicants should submit all application materials in electronic format only beginning in 2010

There should be 6 distinct files saved to 1 or more CDs and should include the following:

1. Application For Reservation the active Microsoft Excel workbook2. A PDF file which includes the following:

- Application For Reservation Signed version of hardcopy

- All application attachments (i.e. tab documents, excluding market study and plans & specs)

3. Market Study PDF or Microsoft Word format

4. Plans - PDF or other readable electronic format

5. Specifications - PDF or other readable electronic format (may be combined into the same file as the plans if

necessary)

6. Unit-By-Unit work write up (rehab only) - PDF or other readable electronic format

Notes: -Do not submit any files on a flash drive.

-Do not submit any application materials via [email protected] or to any email address

v12.31.09 Instructions


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2010 Federal Low Income Housing

Tax Credit Program

Application For Reservation

Virginia Housing Development Authority

601 South Belvidere Street

Richmond, Virginia 23220-6500

Deadline for Submission

9% Competitive Credits

Applications Must Be Received At VHDA No Later Than 2:00

PM Richmond, VA Time On March 12, 2010

Tax Exempt Bonds

Applications should be received at VHDA at least one month

before the bonds are priced (if bonds issued by VHDA), or 75

days before the bonds are issued (if bonds are not issued by

VHDA)

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Low Income Housing Tax Credit Application for Reservation

Electronic Copy of the Microsoft Excel Based Application (MANDATORY)

Scanned Copy of the Signed Tax Credit Application with Attachments (excluding market study and plans & specs) (MANDATO

Electronic Copy of the Market Study (MANDATORY-Application will be disqualified if study not submitted with application)

Electronic Copy of the Plans (MANDATORY)

Electronic Copy of the Specifications (MANDATORY)

Electronic Copy of the Unit By Unit Work Writeup (MANDATORY if rehab)

$750 Application Fee (MANDATORY)

Tab A: Documentation of Development Location:

A.1 Qualified Census Tract CertificationA.2 Revitalization Area Certification

Location MapSurveyor's Certification of Proximity To Public TransportationTab B: Partnership or Operating Agreement, including chart of ownership structure with percentage of interests (MANDATORY

Tab C: Virginia State Corporation Commission Certification (MANDATORY)

Tab D: Principal's Previous Participation Certification and Resum (MANDATORY)

Tab E: Nonprofit Questionnaire (MANDATORY for points or pool)

The following documents need not be submitted unless requested by VHDA:-Nonprofit Articles of Incorporation -IRS Documentation of Nonprofit Status-Joint Venture Agreement (if applicable) -For-profit Consulting Agreement (if applicable)

Tab F: Architect's Certification (MANDATORY)

Tab H: PHA / Section 8 Notification LetterTab I: Local CEO LetterTab J: Homeownership PlanTab K: Site Control Documentation & Most Recent Real Estate Tax Assessment (MANDATORY)

Tab L: Plan of Development Certification LetterTab M: Zoning Certification LetterTab N: Copies of 8609s To Certify Developer ExperienceTab O: (Reserved)Tab P: Plans and Specifications and Work Write-Up (MANDATORY)

Tab Q: Documentation of Rental AssistanceTab R: Documentation of Operating BudgetTab S: Documentation of Project BudgetTab T: Documentation of Financing SourcesTab U:

Documentation To Request Exception To Restriction-Pools With Little/No Increase In Rent Burdened Population

Documentation of site location in an urban development area as defined in 15.2-2223.1of the Code of VirginiaDocumentation of the development participating in a locally adopted affordable housing dwelling unit program area as

described in either 15.2-2304 or 15.2-2305 of the Code of Virginia

Tab V: Nonprofit or LHA Purchase Option or Right of First RefusalTab W: Attorney's Opinion (MANDATORY)

Tab X: (Reserved)Tab Y: Marketing Plan for units meeting accessibility requirements of HUD section 504

Please indicate if the following items are included with your application by checking the appropriate boxes. Your assistance in organizing the

submission in the following order, and actually using tabs to mark them as shown, will facilitate review of your application. Please note that

all mandatory items must be included for the application to be processed. The inclusion of other items may increase the number of points for

which you are eligible under VHDA's point system of ranking applications, and may assist VHDA in its determination of the appropriate

amount of credits that it may reserve for the development.

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Low-Income Housing Tax Credit Application For Reservation

VHDA TRACKING NUMBER 2010-C-77

I. General InformationAll code "Section" references are to, and the term "IRC" shall be deemed to mean, March 11, 2010

the Internal Revenue Code of 1986, as amended. (Date of Application)

A. Development Name and Location:

1. Name of Development Tranquility at the Lakes

2. Address of Development 5827 Burton Station Road

(Street)Virginia Beach Virginia 23455

(City) (State) (Zip Code)

3. If complete address is not available, provide longitude and latitude coordinates (x,y) from

location on site your surveyor deems appropriate.

Documentation from surveyor attached (TAB A) (Only necessary if street address or street intersections are not available.

(Coordinates should be the same as those listed on pg 13, if applicable)

4. The Circuit Court Clerk's office in which the deed to the property is or will be recorded:

City/County of Virginia Beach City (ie; Richmond City, Chesterfield County; see application manual)

5. Does the site overlap one or more jurisdictional boundaries? Yes No

If yes, what other City/County is the site located in besides the one mentioned above?

6. Census Tract the development is located in: 51810040200

Is this a Qualified Census Tract: Yes No (If yes, attach required form in TAB A)

7. Is the development located in a Difficult Development Area? No8. Is the development located in a revitalization area? Yes No (If yes, attach required form in TAB A)

9. Is the development an existing RD or HUD S8/236 development? Yes No (If yes, attach required form in TAB Q)Note to #9: If there is an identity of interest between the applicant and the seller in this proposal, and the applicant is seeking points in

this category, then the applicant must either waive their rights to the developer's fee or other fees associated with acquisition and/or

rehabilitation, or obtain a waiver of this requirement from VHDA prior to application submission to receive these points.

a. Applicant agrees to waive all rights to any developer's fee or

other fees associated with acquisition and/or rehab. Yes n/a

b. Applicant has obtained a waiver of this requirement from VHDA

prior to the application submission deadline. Yes n/a

10. Is the development located in a census tract with a poverty

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Low Income Housing Tax Credit Application For Reservation

C. Reservation Request

1. Total annual credit amount request (Must be the same as Part IX-D8) $395,000

2. Credits requested from:

9% Credits

Nonprofit Set-Aside (All nonprofit owned developments which meet tests

described in Part II-D hereof may select this)Local Housing Authorities Richmond MSA Pool

Planning District 8 (Inner Washington MSA) Pool Tidewater MSA Pool

Northwest / North Central VA Area Pool Balance of State Pool (Remaining Geographi

Non-Competitive Pool (Preservation) Non-Competitive Pool (Disability)

Tax Exempt Bonds

new construction, or

rehabilitation, or

acquisition and rehabilitation.

Federal Subsidies

The development will not receive federal subsidies.

This development will receive federal subsidies for:

all buildings or

some buildings.

D. Type(s) of Allocation/Allocation Year

1. Regular Allocation

All of the buildings in the development are expected to be placed

in service this year. For those buildings the owner will, this year, request anallocation of 2008 credits for new construction, or

rehabilitation, or

acquisition and rehabilitation.

2. Carryforward Allocation

All of the buildings in the development are expected to be placedin service within two years after the end of this calendar year, 2009, but theowner will have more than 10% basis in the development before the end of six

months following allocation of credits. For those buildings, the owner requestsa carryforward allocation of 2009 credits pursuant to Section 42(h)(1)(E) for:

new construction, or

rehabilitation, oracquisition and rehabilitation (even if you acquired a building this year and

"placed it in service" for the purpose of the acquisition credit, you cannot receive

the 8609 form for it until the rehab 8609 is issued for that building once the rehab

work is "placed in service" in 2010 or 2011).

3. Federal Subsidies

The development will not receive federal subsidies.

This development will receive federal subsidies for:

all buildings or

some buildings.

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E. Acquisition Credit Information

NOTE: If no credits are being requested for existing buildings being acquired for the development,

so indicate and go on to Part F: No Acquisition

Ten-Year Rule For Acquisition Credits

All buildings satisfy the 10-year look-back rule of IRC Section 42 (d)(2)(B), including the10% basis/ 15,000.00 rehab costs ( 10,000 for Tax Exempt Bonds) per unit requirement.

All buildings qualify for an exception to the 10-year rule under IRC Section 42(d)(2)(D)(i),Subsection (I)

Subsection (II)

Subsection (III)

Subsection (IV)Subsection (V)

The 10-year rule in IRC Section 42 (d)(2)(B) for all buildings does not apply pursuant to IRC Section 42(d)(6).

Different circumstances for different buildings: Attach a separate sheet and explain for each building.

F. Rehabilitation Credit Information

NOTE: If no credits are being requested for rehabilitation expenditures, so indicate and go

on to Section II. No Rehabilitation

Minimum Expenditure Requirements

All buildings in the development satisfy the rehab costs per unit requirement of IRCSection 42(e)(3)(A)(ii).

All buildings in the development qualify for the IRC Section 42(e)(3)(B) exception to the10% basis requirement (4% credit only).

All buildings in the development qualify for the IRC Section 42(f)(5)(B)(ii)(II) exception.

Different circumstances for different buildings. Attach a separate sheet andexp a n or eac u ng.

G. Request For Exception

The proposed new construction development (including adaptive reuse and rehabilitation that creates additional rental

space) is subject to an assessment of up to minus 20 points for being located in a pool identified by the Authority as a poo

with little or no increase in rent burdened population. N/A - Does not apply to this proposed development.

Applicant seeks an exception to this restriction in accordance with one of the following provisions under 13VAC10-180-

Proposed development is specialized housing designed to meet special needs that cannot readily be addressed

utilizing existing residential structures. Documentation Attached (TAB U)

Proposed development is designed to serve as a replacement for housing being demolished through

redevelopment. Documentation Attached (TAB U)

Proposed development is housing that is an integral part of a neighborhood revitalization project sponsored by

a local housing authority. Documentation Attached (TAB U)

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II. OWNERSHIP INFORMATION

A. Owner Information:

Name SUL Tranquility Lakes, LLC

Contact Person First: Angela Middle: Last: Whitehead

Address 453 Longdale Crescent(Street)

Chesapeake VA 23325(City) (State) (Zip Code)

Federal I. D. No. TBD (If not available, obtain prior to Allocation)Phone 757-737-3713 Fax 757-424-1545 Email address [email protected]

Type of entity: Limited Partnership Other Limited Liability Company

Individual(s) Corporation

Owner's organizational documents (e.g. Partnership agreements & ownership structure chart) attached (Mandatory TAB B)Certification from Virginia State Corporation Commission attached (Mandatory TAB C)

Principal(s) involved (e.g. general partners, LLC members, controlling shareholders, etc.):Names ** Phone Type Ownership % OwnershipSeniors Unlimited Lifestyles, Inc. 757-737-3713 Member 100.00%

Angela Whitehead, CEO 0.00%0.00%0.00%0.00%0.00%0.00%

This should be 100% of the GP or managing member interest: 100.00%

** These should be the names of individuals who comprise the GP or managing members, not simply the names ofseparate partnerships or corporations which may comprise those components.

Principals' Previous Participation Certification attached (Mandatory TAB D) & resum.

B. Seller Information:

Name Mr. Willie Martin Contact Person sameAddress 3632 Pamlico CircleNorfolk, VA 23513 Phone 757-724-0711

Is there an identity of interest between the seller and owner/applicant? Yes No

If yes, complete the following:

Principal(s) involved (e.g. general partners, controlling shareholders, etc.)

Names Phone Type Ownership % Ownership

0.00%

0.00%

0.00%

0.00%

NOTE: VHDA may allocate credits only to the tax-paying entity which owns the development at the time of the allocation. The term "Owner" herein refers to that entity. Please fill in the legal name of

the owner. The ownership entity must be formed prior to submitting this application. Any transfer, direct or indirect, of partnership interests (except those involving the admission of limited partners)

prior to the placed-in-service date of the proposed development shall be prohibited, unless the transfer is consented to by VHDA in its sole discretion. IMPORTANT: The Owner name listed on

this page must match exactly the owner name listed on the Virginia State Corporation Commission Certification.

Must be an individual or legally formed entity

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C. Development Team Information:

Complete the following as applicable to your development team.

1. Tax Attorney: Tom Thorne-Thomsen Related Entity? Yes NoFirm Name: Applegate & Thorne-ThomsenAddress: 322 South Green Street, Suite 400; Chicago, IL 60607

Phone: 312-421-8400 Fax: 312-421-6162

2. Tax Accountant: Michael Vicars Related Entity? Yes NoFirm Name: Dooley & Vicars CPAs, L.L.P.Address: 21 South Sheppard Street; Richmond, VA 23220

Phone: 804-355-2808 Fax: 800-555-4322

3. Consultant: Related Entity? Yes NoFirm Name: Role:Address:

Phone: Fax:

4. Management Entity (Contact): Angela Whitehead Related Entity? Yes NoFirm Name: Seniors Unlimited Lifestyles, Inc.Address: 453 Longdale Crescent; Chesapeake, VA 23325

Phone: 757-737-3713 Fax:

5. Contractor (Contact): TBD Related Entity? Yes NoFirm Name:Address:

Phone: Fax:

6. Architect: William F. Deal, Jr. Related Entity? Yes NoFirm Name: Pentecost Deal and Associates Architects

Address: 407 Janaf Office Building; Norfolk, VA 23502Phone: 757-466-8881 Fax: 757-455-6073

7. Real Estate Attorney: James A. Leftwich, Jr. Related Entity? Yes NoFirm Name: Basnight, Kinser, Telfeyan, Leftwich & Nuckolls, P.C.Address: 308 Cedar Lakes Drive; Chesapeake, VA 23322

Phone: 757-382-4157 Fax: 757-382-5624

8. Mortgage Banker: Related Entity? Yes NoFirm Name:Address:

Phone: Fax:

9. Other (Contact): Related Entity? Yes NoFirm Name: Role:Address:

Phone: Fax:

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D. Nonprofit Involvement:

Tax Credit Nonprofit Pool Applicants: To qualify for the nonprofit pool, an organization described in IRC Section 501

(c)(3) or 501 (c)(4) and exempt from taxation under IRC Section 501 (a), whose purposes include the fostering of low-income housing:

1. Must "materially participate" in the development and operation of the project throughout the compliance period,2. Must own all general partnership interests in the development .

3. Must not be affiliated with or controlled by a for-profit organization.

4. Must not have been formed for the principal purpose of competition in the nonprofit pool, and

5. Must not have any staff member, or member of the nonprofit's board of directors materially participate in the proposed project

as a for-profit entity.

All Applicants: To qualify for points under the ranking system, the nonprofit's involvement need not necessarily

satisfy all of the requirements for participation in the nonprofit tax credit pool.

1. Nonprofit Involvement (All Applicants)If there is no nonprofit involvement in this development, please indicate by checking here:

and go on to part III

2. Mandatory QuestionnaireIf there is nonprofit involvement, you must complete the Non-Profit Questionnaire

Questionnaire attached (Mandatory TAB E)

3. Type of involvementNonprofit meets eligibility requirement for points only, not pool or

Nonprofit meets eligibility requirements for nonprofit pool and points.

4. Identity of Nonprofit (All nonprofit applicants)The nonprofit organization involved in this development is:

the Owner

the Applicant (if different from Owner)

OtherSeniors Unlimited Lifestyles, Inc.

(Name of nonprofit)

Angela Whitehead 453 Longdale Crescent(Contact Person) (Street Address)

Chesapeake VA 23325(City) (State) (Zip code)757-737-3713 757-424-1545

(Phone) (Fax)

5. Percentage of Nonprofit Ownership (All nonprofit applicants)Specify the nonprofit entity's percentage ownership of the general partnership interest: 100.0%

Applications For 9% Credits - Must be completed in order to compete in the nonprofit tax credit pool.

All Applicants - Must be completed for points for nonprofit involvement under the ranking system.

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III. DEVELOPMENT INFORMATION

A. Structure and Units:1. Total number ofall units in development 40

Total number ofrental units in development 40 bedrooms 52Number of low-income rental units 40 bedrooms 52Percentage of rental units designated low-income 100.00%

2. The development's structural features are (check all that apply):

Row House/Townhouse Detached Single-family

Garden Apartments Detached Two-family

Slab on Grade Basement

Crawl space Age of Structure: new

Elevator Number of stories: 3

3. Number of new units 40 bedrooms 52Number of adaptive reuse units 0 bedrooms 0Number of rehab units 0 bedrooms 0

4. Total Floor Area For The Entire Development 42,041.00 (Sq. ft.)

5. n eate oor rea (Breezeways, Balconies, Storage) 4,723.00 (Sq. ft.)

6. Nonresidential Commercial Floor Area 0.00 (Sq. ft.)(Not eligible for funding)

7. Total Usable Residential Heated Area 37,318.00 (Sq. ft.)

8. Number of Buildings (containing rental units) 1

9. Commercial Area Intended Use:

10. Project consists primarily of a building(s) which is (are) :(CHOOSE ONLY ONE)

Low-Rise (1-5 stories with any structural elements made of wood)

Mid-Rise (5-7 stories with no structural elements made of wood)

High-Rise (8 or more stories with no structural elements made of wood)

11. a. Total Net Rental Square Feet 27,457.48

b. Percentage of Net Rentable Square Feet Deemed To Be New Rental Space 100.00%

B. Building Systems:Please describe each of the following in the space provided.

Community Facilities: Large first floor community room and other community spaces

Exterior Finish: Brick and vinyl

Heating/AC System: Energy-efficient electric heat pump with air conditioning

Architectural Style: Blend of traditional / modern

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IV. TENANT INFORMATION

A. Set-Aside Election: UNITS SELECTED BELOW IN BOTH COLUMNS DETERMINE

POINTS FOR THE BONUS POINT CATEGORY

Units Provided Per Household Type:

# of Units % of Units # of Units % of Units

0 0.00% 40% Area Median 4 10.00% 40% Area Median8 20.00% 50% Area Median 4 10.00% 50% Area Median

32 80.00% 60% Area Median 32 80.00% 60% Area Median0 0.00% Non-LMI Units 0 0.00% Non-LMI Units

40 100.00% Total 40 100.00% Total

B. Special Housing Needs/Leasing Preference:

1. If 100% of the low-income units will be occupied by either or both of the following special needsgroups as defined by the United States Fair Housing Act, so indicate:

Yes Elderly (age 55 or above)

Yes Physically or mentally disabled persons (must meet the requirements of the federalAmericans with Disabilities Act)

2. Specify the number of low-income units that will serve individuals and families with children byproviding three or more bedrooms: Number of units 0% of total low-income units

3. If the development has existing tenants, VHDA policy requires that the impact of economic and/or physicaldisplacement on those tenants be minimized, in which Owners agree to abide by the Authority's RelocationGuidelines for LIHTC properties.

4. If leasing preference will be given to applicants on public housing waiting list and/or Section 8waiting list, so indicate:

Yes

No

Locality has no such waiting list; If yes, provide the following information:

Organization which holds such waiting list: City of Virginia BeachContact person (Name and Title) Dale Gravett, Housing Administrator

Phone Number 757-385-5745 Required documentation attached (TAB H)

5. If leasing preference will be given to individuals and families with children.(Less than or equal to 20% of the units must have 1 or less bedrooms).

Yes

No

Income Levels Rent Levels

0

Note: In order to qualify for any tax credits, a development must meet one of two minimum threshold occupancy tests. Either (i) at least 20% of the units

must be rent-restricted and occupied by persons whose incomes are 50% or less of the area median income adjusted for family size (this is called the 20/50

test) or (ii) at least 40% of the units must be rent-restricted and occupied by persons whose incomes are 60% or less of the area median income adjusted

for family size (this is called the 40/60 test), all as described in Section 42 of the IRC. Rent-and income-restricted units are known as low-income units.If you have more low-income units than required, you qualify for more credits. If you serve lower incomes than required, you receive more points under

the ranking system.

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C. Site Description

1. Exact area of site in acres 1.570

2. Has locality approved a final site plan or plan of development?

Yes No

Required documentation form attached (TAB L)

3. Is site properly zoned for the proposed development?

Yes No

Required documentation form attached (TAB M)

4. Will the proposal seek to qualify for points associated with proximity to public transportation?

Yes No

Required documentation form attached (TAB A)

D. Plans and Specifications

Minimum submission requirements for all properties (new construction, rehabilitation and adaptive reuse)

1. A location map with property clearly defined.

2. Sketch plan of the site showing overall dimensions of main building(s), major site elements

(e.g., parking lots and location of existing utilities, and water, sewer, electric,

gas in the streets adjacent to the site). Contour lines and elevations are not required.

3. Sketch plans of main building(s) reflecting overall dimensions of:

a. Typical floor plan(s) showing apartment types and placement

b. Ground floor plan(s) showing common areas;

c. Sketch floor plan(s) of typical dwelling unit(s);

d. Typical wall section(s) showing footing, foundation, wall and floor structure.

Notes must indicate basic materials in structure, floor and exterior finish.

4. Required documentation for rehabilitation properties: A unit-by-unit work write-up.

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VII. OPERATING BUDGET

A. Rental Assistance

1. Do or will any low-income units receive rental assistance?

Yes No

2. If yes, indicate type of rental assistance:

Section 8 New Construction Substantial Rehabilitation

Section 8 Moderate RehabilitationSection 8 Certificates

Section 8 Project Based Assistance

RD 515 Rental Assistance

Section 8 Vouchers

State Assistance

Other:

3. Number of units receiving assistance: 0

Number of years in rental assistance contract: 0

Expiration date of contract:

Contract or other agreement attached (TAB Q)

B. Utilities1. Monthly Utility Allowance Calculations

Utilities Type of Utility Utilities Enter Allowances by Bedroom Size

(Gas, Electric, Oil, etc.) Paid by: 0-bdr 1-bdr 2-bdr 3-bdr 4-br

Heating Electric Owner X Tenant 0 8 10 0

Air Conditioning Electric Owner X Tenant 0 7 0

Cooking Electric Owner X Tenant 0 5 6 0

Lighting Electric Owner X Tenant 0 33 38 0

Hot Water Electric Owner X Tenant 0 10 14 0

Water X Owner Tenant 0 0 0 0

Sewer X Owner Tenant 0 0 0 0

Trash X Owner Tenant 0 0 0 0

Total utility allowance for costs paid by tenant $0 $60 $75 $0 $

2. Source of Utility Allowance Calculation (Attach Documentation TAB Q)

HUD

Utility Company (Estimate) Local PHA

Utility Company (Actual Survey) Other:

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Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 40% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 50% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$

Efficiency - 60% 0 0.00 -$ -$Total Efficiency Total Monthly Eff.

Tax Credit Units: 0 0.00 Tax Credit Rent: -$

Efficiency - Market 0 0.00 -$ -$












Efficiency - Market 0 0.00 -$ -$Efficiency - Market 0 0.00 -$ -$


Total Efficiency

Market Units: 0 0.00 Total Monthly

Eff. Market Rent: -$

Total Eff. Units: 0 Total Eff. Rent -$

1-Bedroom Units

Net Rentable Monthly Rent Total

Rent Targeting Number Units Square Feet Per Unit Monthly Rent

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1 BR - 40% 4 575.74 440$ 1,760$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 40% 0 0.00 -$ -$

1 BR - 50% 4 575.74 550$ 2,200$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 50% 0 0.00 -$ -$

1 BR - 60% 8 570.83 635$ 5,080$

1 BR - 60% 12 575.74 635$ 7,620$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

1 BR - 60% 0 0.00 -$ -$

Total 1-BR Total Monthly 1-BR

Tax Credit Units: 28 16,081.44 Tax Credit Rent: 16,660$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

1 BR - Market 0 0.00 -$ -$

Total 1-BR


1-BR Market Rent: -$

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2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

2 BR - Market 0 0.00 -$ -$

Total 2-BR



Total 2-BR Units: 12 Total 2-BR Rent 8,880$

3-Bedroom Units



3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 40% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 50% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$

3 BR - 60% 0 0.00 -$ -$



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3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

3 BR - Market 0 0.00 -$ -$

Total 3-BR



Total 3-BR Units: 0 Total 3-BR Rent -$

4-Bedroom Units



4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 40% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$

4 BR - 50% 0 0.00 -$ -$4 BR - 50% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

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4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$

4 BR - 60% 0 0.00 -$ -$



4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

4 BR - Market 0 0.00 -$ -$

Total 4-BR



Total 4-BR Units: 0 Total 4-BR Rent -$

Total Units 40 Net Rentable SF: TC Units 27,457.48

MKT Units 0.00

Total NR SF: 27,457.48

100.0000%Floor Space Fraction

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D. Operating Expenses

Administrative:

1. Advertising/Marketing $1,500

2. Office Salaries $0

3. Office Supplies $1,000

4. Office/Model Apartment (type______) $0

5. Management Fee $17,225

5.87% of EGI 430.625 Per Unit

6. Manager Salaries $15,000

7. Staff Unit (s) (type______) $08. Legal $1,500

9. Auditing $3,750

10. Bookkeeping/Accounting Fees $3,000

11. Telephone & Answering Service $1,750

12. Tax Credit Monitoring Fee $1,200

13. Miscellaneous Administrative $1,500

Total Administrative $47,425

Utilities

14. Fuel Oil $0

15. Electricity $7,500

16. Water $12,000

17. Gas $0

18. Sewer $14,000

Total Utility $33,500

Operating:

19. Janitor/Cleaning Payroll $0

20. Janitor/Cleaning Supplies $0

21. Janitor/Cleaning Contract $7,50022. Exterminating $2,750

23. Trash Removal $5,000

24. Security Payroll/Contract $7,500

25. Grounds Payroll $0

26. Grounds Supplies $0

27. Grounds Contract $9,000

28. Maintenance/Repairs Payroll $12,500

29. Repairs/Material $7,500

30. Repairs Contract $0

31. Elevator Maintenance/Contract $0

32. Heating/Cooling Repairs & Maintenance $4,000

33. Pool Maintenance/Contract/Staff $0

34. Snow Removal $1,000

35. Decorating/Payroll/Contract $1,000

36. Decorating Supplies $0

37. Miscellaneous $1,000

Operating & Maintenance Totals $58,750

Taxes & Insurance

38. Real Estate Taxes $27,000

39. Payroll Taxes $1,500

40. Miscellaneous Taxes/Licenses/Permits $0

41. Property & Liability Insurance $14,000

42. Fidelity Bond $1,000

43. Workman's Compensation $0

44. Health Insurance & Employee Benefits $1,500

45. Other Insurance $0

Total Taxes & Insurance $45,000

6544

Total Operating Expense $184,675

D1. Total Oper. Ex. Per Unit $4,617 D2. Total Oper. Ex. As % EGI (from E3) 62.94%

Replacement Reserves (Total # Units X $300 or $250 New Const. Elderly Minimum) $12,000

Total Expenses $196,675

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E. Cash Flow (First Year)

1. Annual EGI Low-Income Units from (C1) $293,396

2. Annual EGI Market Units (from C2) + $0

3. Total Effective Gross Income = $293,396

4. Total Expenses (from D) $196,675

5. Net Operating Income = $96,721

6. Total Annual Debt Service (from Page 21 B2) - $77,931

7. Cash Flow Available for Distribution = $18,791

F. Projections for Financial Feasibility - 15 Year Projections of Cash Flow

Stabilized

Year 1 Year 2 Year 3 Year 4 Year 5

Eff. Gross Income 293,396 299,264 305,250 311,355 317,582Less Oper. Expenses 196,675 202,575 208,653 214,912 221,359

Net Income 96,721 96,689 96,597 96,443 96,222

Less Debt Service 77,931 77,931 77,931 77,931 77,931

Cash Flow 18,791 18,759 18,667 18,512 18,292

Debt Coverage Ratio 1.24 1.24 1.24 1.24 1.23


Eff. Gross Income 323,933 330,412 337,020 343,761 350,636

Less Oper. Expenses 228,000 234,840 241,885 249,142 256,616Net Income 95,933 95,572 95,135 94,619 94,020


Cash Flow 18,003 17,641 17,204 16,688 16,089



Eff. Gross Income 357,649 364,802 372,098 379,540 387,130

Less Oper. Expenses 264,315 272,244 280,412 288,824 297,489

Net Income 93,334 92,557 91,686 90,716 89,642


Cash Flow 15,403 14,627 13,756 12,785 11,711


Estimated Annual Percentage Increase in Revenue 2.00% (Must be < 2%)

Estimated Annual Percentage Increase in Expenses 3.00% (Must be > 3%)

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VIII. PROJECT BUDGET

A. Cost/Basis/Maximum Allowable Credit

Complete cost column and basis column(s) as appropriate through A12. Check if the followingdocumentation is attached at TAB S:

Executed Construction ContractExecuted Trade Payment Breakdown

AppraisalOther Cost DocumentationEnvironmental Studies

Amount of Cost up to 100% Includable inEligible Basis--Use Applicable Column(s):

"30% Present Value Credit" (D)

Item (A) Cost (B) Acquisition (C) Rehab/ "70 % Present

New Construction Value Credit"

1. Contractor Cost

A. Off-Site Improvements 200,000 0 0 0

B. Site Work 600,000 0 0 0

C. Geothermal System 0 0 0 0

D. Unit Structures (New) 2,790,000 0 0 2,790,000

E. Unit Structures (Rehab) 0 0 0 0

F. Solar Electric System 0 0 0 0

G. Asbestos Removal 0 0 0 0

H. Demolition 0 0 0 0

I. Commercial Space Costs 0 0 0 0

J. Structured Parking Garage 0 0 0 0

K. Subtotal A: (Sum 1A..1J) 3,590,000 0 0 2,790,000

L. General Requirements 150,000 0 0 150,000

M. Builder's Overhead 150,000 0 0 150,000

( 4.2% Contract)

N. Builder's Profit 125,000 0 0 125,000

( 3.5% Contract)

O. Bonding Fee 45,000 0 0 45,000

P. Other 0 0 0 0

Q. Contractor Cost

Subtotal (Sum 1K..1P) $4,060,000 $0 $0 $3,260,000

2. Owner Costs

A. Building Permit 40,000 0 0 40,000

B. Arch./Engin. Design Fee 135,000 0 0 135,000

( 3,375 /Unit)

C. Arch. Supervision Fee 100,000 0 0 100,000

( 2,500 /Unit)

D. Tap Fees 360,000 0 0 360,000

E. Soil Borings 25,000 0 0 25,000

NOTE: Attorney must opine, among other things, as to correctness of the inclusion of each cost item in eligible basis, type of

credit and numerical calculations of this Part VIII.

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Amount of Cost up to 100% Includable in

Eligible Basis--Use Applicable Column(s):

"30% Present Value Credit" (D)

Item (A) Cost (B) Acquisition (C) Rehab/ "70 % Present

New Construction Value Credit"

W. OTHER OWNER COSTS

Contingency Reserve 0 0 0 0(Rehab or Adaptive Reuse only)

LIST ADDITIONAL ITEMS

Allocation Fee 20,000 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

Subtotal (Other Owner Costs) $20,000 $0 $0 $0

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C. Building-by-Building Information Must Complete

Qualified basis must be determined on a building-by building bas is. Complete the section below. Building street address es are required by the IRS (must have them by the time of

allocation request).

30% Present Value 30% Present Value

Credit for Acquisition Credit for Construction 70% Present Value Credit

TAX MARKET

CREDIT RATE Actual or Actual or Actual or

UNITS UNITS Estimate Anticipated Estimate Anticipated Estimate Anticipated

Build Street Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit Qualified In-Service Applicable Credit

ing # Address Basis Date Percentage Amount Basis Date Percentage Amount Basis Date Percentage Amount

1. 40 0 5827 Burton Station Rd., Virginia Be $0 0.00% 0 $0 0.00% 0 $4,889,250 12/31/12 9.00% 440,033

2. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

3. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

4. $0 0.00% 0 $0 0.00% 0 $0 0.00% 05. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

6. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

7. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

8. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

9. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

10. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

11. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

12. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

13. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

14. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

15. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

16. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

$0 $0 $4,889,250

$0 $0 $440,033Qualified Basis Totals (must agree with VIII-A10)

Credit Amount Totals (must agree with VIII-A-12)

NUMBER

OF

v12.31.09 Page 25


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TAX MARKET





17. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

18. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

19. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

20. $0 0.00% 0 $0 0.00% 0 $0 0.00% 021. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

22. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

23. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

24. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

25. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

26. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

27. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

28. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

29. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

30. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

31. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

32. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

$0 $0 $0

$0 $0 $0Qualified Basis Totals (must agree with VIII-A10)


NUMBER

OF

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TAX MARKET





33. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

34. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

35. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

36. $0 0.00% 0 $0 0.00% 0 $0 0.00% 037. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

38. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

39. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

40. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

41. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

42. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

43. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

44. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

45. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

46. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

47. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

48. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

$0 $0 $0



NUMBER

OF

v12.31.09 Page 25 (3)


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TAX MARKET





81. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

82. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

83. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

84. $0 0.00% 0 $0 0.00% 0 $0 0.00% 085. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

86. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

87. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

88. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

89. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

90. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

91. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

92. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

93. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

94. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

95. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

96. $0 0.00% 0 $0 0.00% 0 $0 0.00% 0

$0 $0 $0



NUMBER

OF

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tranquility at the lakes

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