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Sent By: ENGEO INC.; 925 838 7425; Nov-20-98 1:44PM; Page 2
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<br /> EXHIBIT A
<br /> Bugleer for Maintenance ane Repak of
<br /> Lawel CmK E~
<br /> PIeaH~, ~lil~ma
<br />
<br /> YEAR 1999 2000 200,,,.j.1 2002 2003
<br /> No. of Un~s 102 102 102 102 102
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<br /> A. INCOME
<br />
<br /> Assessment 26,520 27,316 28,135 28,979 29,848
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<br /> B. PROJECTED EXPENSES
<br /> ! Administration and Accounting 1.000 1,030 1,061 1,093 1,126
<br /> 2. Outside Consultants 3,000 3,090 3,183 3,278 3,377
<br /> 3 Maintenance 3,000 3.090 3,183 3,278 3,377
<br /> 4 Slope StabiliZation 10,000 10,300 10,609 10,927 11,255
<br /> 5 Erosion Protection 2.000 2,060 2.122 2.185 2,251
<br /> 6 Repair'
<br /> SUBTOTAL - EXPENSES 19,000 19.570 20,157 20,762 21,385
<br /> RESIERVE/HOMEOWNERS' CCNTRIBUTION*° 107,520 7.746 7.978 8,217 8,464
<br /> EARNINGS 6,451 6,916 7,385 7,888 8,395
<br /> CUMULATIVE RESERVE 113,971 128,633 144,005 160,110 176,870
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<br /> · Based on a large-scale repair of $ 100.000
<br /> every 10 years in 1997 dollars
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<br /> ASSUMPTIONS
<br /> Total No. of Units 100
<br /> Initial Annual Assessment per Unit $280
<br /> Annuai Increase in Assessment 3.0%
<br /> Inflation 3.0%
<br /> Investment Earnings 6.0%
<br /> Expenses (in 1997 dollars):
<br /> 1 Administration and Accounting 1.000
<br /> 2. Outside Consultants 3,000
<br /> 3. Maintenance 3,000
<br /> 4. Slope Stabilization 10,000
<br /> 5. Erosion Protection 2,000
<br /> "Each Homeowner's Contributon $100,000
<br /> of $1,000 at Close of Eski'ow
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<br /> EXHIBIT
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