Exhibit_8b_2004.08_Portland_911_Final_Facility_Condition_Assessment_Report.pdf

Facility Condition Assessment:

Final Report

NORTHWEST/ARTIC REGION

OR0033PE-PORTLAND 911 FEDERAL BUILDING

911 NE 11TH AVENUE

Portland, OR

Submitted by:

VFA, Inc.

266 Summer St.

Boston, MA 02210-1112 800-693-3132 Contract Number: GS35F0118J August 2004

Acknowledgements

VFA, Inc. extends our appreciation to Roger Wright, John Merritt, John Jarosz and the Portland 911 Building. We wish to acknowledge the time and effort put forth by everyone who assisted with the Portland 911 Building.

Thank any individuals that offered guidance and assistance during the project and contributed to the success of the project.

The members of the project team went to great lengths to assure that the information they collected was accurate and concise, and of the utmost value to the GSA.

There are other members who undoubtedly participated in this project, though may not have been mentioned in this acknowledgement. To those, we express our appreciation for your help and input.

Report Disclaimer

VFA has produced this document under an agreement between VFA and GSA Property Development Br Procurement (10PDC) Contract Number GS35F0118J, Order Number P1003LT0023 dated September 24,2003. Other than to Client, VFA disclaims any obligation to any other person with respect to any material presented in this document and no person may rely upon this document without advance and express written consent from VFA and such person's written agreement to be bound by the limitations, qualifications, terms, conditions, and indemnities to VFA set forth in that agreement. VFA specifically states that its review of the property in question is subject to monetary restraints and scope limitations. Given those limitations and conditions, VFA has made what, in its opinion, is a reasonable investigation, limited to visual observations. Design analysis of systems including structural systems has not been performed. VFA has also relied upon interviews and documents with the understanding that independent verification of their factual content is beyond the scope of VFA's work.

The materials presented in this document are "to VFA's knowledge" where such phrase means to VFA's actual knowledge of the subject matter after such inquiry as VFA considered reasonable in light of the qualifications and limitations upon the scope of work.

Assumptions regarding the overall condition of the properties have been developed based upon inspection of "representative" areas of the facilities. As such, the development of schematic methods and associated costs for the correction of identified deficiencies is based upon the overview inspection and is also limited with respect to completeness.

Investigation for the presence of asbestos containing materials (ACM), PCB's, CFC's, radon and other environmentally hazardous materials is not part of this Agreement. In addition, a review and certification that the buildings have been designed to meet current seismic requirements is not part of this review.

t a b l e o f c o n t e n t s i

Section

Executive Summary

Assessment Methodology

Asset Renewal Management

• Asset Renewal Forecast

Funding Scenario Analysis

Requirement Cost Data Summary

• Asset List

• Crosstab of Requirements by System Group and Priority

• Crosstab of Requirements by Category and Priority

• Crosstab of Requirements by Category and System Group

• Summary and List of Requirements by Priority

• Summary and List of Requirements by Category

• Summary and List of Requirements by Building System

Asset Detailed Data

• Asset Description ......................................................................................... ..........A

• Requirement Description with Estimates........................................................ ..........B

• Photos ......................................................................................................... ..........C

Glossary

Appendix e x e c u t i v e s u m m a r y

Vanderweil Facility Advisors conducted a facilities condition assessment of the GSA

Northwest/Arctic Region Portland 911 Federal Building in April of 2004. The building, OR0033PE, was assessed by Jorge Silva (Architect), Narayan Sharma (Mechanical Engineer) and Romen Rodberg (Electrical Engineer).

The following facility assessment reporting demonstrates VFA’s method of facilities analysis and the proprietary software systems that support the analysis. The primary goal of the assessment is threefold:

1. to provide an analysis of the Portland 911 Federal Building for strategic planning and for establishing funding requirements;

2. to demonstrate the strategic and management value of facility analysis and condition assessments; and

3. to demonstrate the decision support capabilities of VFA.facility, VFA’s facility management software program.

The facilities analysis includes the following, all based on detailed on-site assessments of the

Portland 911 Federal Building performed by VFA’s specialized facilities assessment professionals:

• Current conditions analyses – existing facility requirements including deferred maintenance, deferred renewal, near-term anticipated renewal, recommended discretionary improvements, and code non-compliance issues.

• Anticipated capital renewal analyses – projections of ongoing degradation of facilities’ components and costs associated with the renewal or replacement of these components as they reach the end of their useful lives.

• Capital funding analyses – scenario comparisons showing various funding levels and the effect of each on the condition of the Portland 911 Federal Building; an optimal funding level is identified.

Current conditions analysis –

Summarizing VFA’s condition findings, the present condition of the Portland 911 Federal

Building as evidenced by a Requirements / Facility Condition Index (RI/FCI) of 0.48 indicates that the condition of the physical plant almost 10imes the optimal level of 0.05. Refer to the

Assessment Methodology and glossary for further discussion of RI / FCI. Further examination shows that a considerable proportion of the requirements, approximately 38% is associated with Structural Systems. An additional 21is associated with Electrical Systems, 18is associated with HVAC Systems, and 7 is associated with Interior Construction.

Analyzing the requirements data by category shows that about 83% of the total $23,558,537 backlog is attributed to “Integrity”. This is primarily due to upgrades to the structural systems and exterior windows for blast protection and seismic events. An additional 3% is attributed to "Functionality" 4% to “Security”, and 6% accounts for various Code related items such as

“Building Code Compliance, Accessibility and Life Safety”. Note that actions of requirements with priorities 1, 2, & 3 (which exclude long term requirements) represent almost 48% or a

RI/FCI of 0.23, which is more than 4 times the optimal level.

The results of the current condition analyses are as follows, and are defined in greater detail in the following sections of this report:

Current Requirement/Action Cost and % of Replacement Cost (RI/FCI including Priorities 1 – 4)

Current Requirement/Action Cost without Priority 4 items (5 + years)

Portland 911 Federal Building CRV = $48,760,676

$23,558,537

RI/FCI (1-4) = 0.48

$11,022,452

RI/FCI (1-3) = 0.23

Building and other codes used -

The detailed on-site assessment of Portland 911 Federal Building, performed by VFA’s specialized facilities assessment professionals, included a review of all major building systems for Code compliance. The Codes used in the assessment process are as follows:

• PBS-P100, Facility Standards for the Public Buildings Service, revised March 2003

• GSA Security Criteria (October 8, 1977) Reference PBS-P100 Above

• Uniform Federal Accessibility Standards (UFAS), Federal Standard 795, April 1, 1988, & P.L. 90-

• Americans with Disability Act (ADA) - 1992

• 2003 International Building Code

• 2003 International Mechanical Code

• 2003 International Plumbing Code

• 2002 National Electric Code

• 2003 Life Safety Code (NFPA 101)

• ANSI A17.1 – 2000 Revision for Elevators

• Energy Policy Act of 1992

• ASHRAE 90.1R for Energy Conservation

• OSHA and EPA Regulations as Applicable

• Other NFPA Codes as referenced by the 2003 International Building Code

Cost correction factors –

Remedial cost estimates contained in section 6 have been estimated utilizing VFA.facility and

R.S. Means 2004 cost data. As part of each requirement/action, VFA has included a cost correction factor of 1.42 comprised as follows:

• 15% for Design and Management Fees

• 20% for Work in Occupied Spaces

• 7% for Work in a High Security Building

These cost correction factors were derived during working sessions with GSA NCR senior personnel.

Anticipated capital renewal analysis –

VFA estimates the average capital renewal requirements to be approximately $0.91 million per year without inflation (1.24 million per year with 2.5% inflation). It is important to note these values represent current dollar values averaged over a 20-year period. The profile of annual spending associated is non-linear and “spiky” as evidenced by the Facility Renewal

Forecast. Based on systems reaching the end of their expected lifecycles, capital expenditures remain flat until 2010 and 2011, where the first peaks occur. In 2014, 2016, 2020 and 2023 similar peaks occur, before a sharp drop in 2024.

The capital renewal forecasts represent only costs associated with anticipated systems requiring replacement as they reach the end of their useful lives. Current deferred maintenance backlog is not included in the above figure. However, the combination of both capital renewal needs and deferred maintenance is addressed in the funding scenario analyses.

Capital funding analyses –

As an example of our capability of producing multiple funding scenarios to model the effects of various levels of funding on the condition of the Portland 911 Federal Building, we have selected three typical models for the Portland 911 Federal Building as defined below.

Three options were modeled:

1. Typical funding modeled as annual funding at 1/2% of current replacement value;

2. Maintain the current condition level of requirement costs totaling about 48% of the current asset replacement value; and

3. Attain a more appropriate condition level, RI/FCI = 0.05 to be reached in ten years and maintained thereafter.

Applied Funding in Net Present Dollars over 20 years

Condition at Year 20 as Percent of the Asset Replacement Value

Backlog at End of Model Duration (in Net Present Dollars)

Option 1:

Level funding @ 1/2% Plant Value

$4,876,069 RI/FCI = 1.04 $50,830,284

Option 2:

Maintain Current

RI/FCI @ 48%

$28,557,850 RI/FCI = 0.48 $23,558,537

Option 3:

Attain desired condition level over 10 years.

$43,553,408

RI/FCI = 0.05 $2,438,033

Report structure The report contains the following sections, which illustrate the scope of work performed by

VFA and demonstrate the capabilities of VFA.facility:

Assessment Methodology

Describes the methods employed and defines the categorization and prioritization standards applied to identified requirements. Also defines Requirement Index (RI) and Facility Condition Index (FCI).

Asset Renewal Management

Asset systems reaching the end of their useful lives require replacement. An important feature of VFA.facility is the ability to predict the annual facility renewal funding required to maintain a portfolio of assets or any subset thereof. This section presents the methodology used in this analysis of the Portland 911 Federal Building.

Funding Scenario Analysis

The logic and methodology used during the analysis of the condition data is presented along with three funding scenarios that have been provided for illustrative purposes. The three scenarios represent different ends of the funding spectrum and their resultant effects on the asset over time.

Requirement Cost Data Summary

The assessment team identified and estimated current requirements with actions totaling

$23,558,537 for the Portland 911 Federal Building. In this section, the condition data is summarized in multiple formats, sorted by priority, category, and building system. Cross-tabular reports presenting requirements sorted by system and priority, category and priority and category and system are included at the end of the section.

Detailed Asset Information

For the Portland 911 Federal Building, the following reports are included:

Asset Description - VFA.facility provides an asset summary for the Portland 911

Federal Building, containing at summary of the RI/FCI and requirements.

Requirements Descriptions with Estimates - For full requirements detail, the individual asset report contain detailed descriptions of each requirement and of associated action methods. These detailed reports also indicate the action cost detail provided through the use of the program’s estimating module, VFA.estimator. These sections are sorted by priority and then cost.

Photographs - Photographs taken by the surveyor during the survey have been incorporated into the VFA.facility database. For the Portland 911 Federal Building, an overall photograph is included along with several other photos, which graphically represent overall condition or specific requirements

Glossary

Definitions and terms used throughout the report and within VFA.facility.

Appendix A

Backup and supporting data for the Portland 911 Federal Building.

END

a s s e s s m e n t m e t h o d o l o g y

Initial Project Setup The assessment team met with Portland 911 Federal Building representatives at the start of the project to establish criteria to be used to evaluate facilities. Discussions were conducted to identify particular problems previously encountered, corrective solutions used and their effectiveness, and anticipated future projects. Existing building requirements and sensible improvements were noted. These instructions and checklists are represented below.

Building Survey

The survey team consisting an architect, a mechanical engineer and an electrical engineer inspected the Portland 911 Federal Building . In conjunction with the building surveys, the team met with representatives of the Portland 911 Federal Building responsible for maintenance to get a more in depth viewpoint of problem areas.

The requirements were classified in several ways. In addition to detailed specific descriptions, each requirement was assigned a category, priority, and primary system association. This parallel differentiation allows for multiple queries of the database, facilitating analysis of the data. It is possible, for instance, to query the database for all

Priority 5 code requirements in the HVAC system or all Priority 1 and 2 building integrity issues in the exterior wall systems. The definitions of priorities, categories and systems used have been modified for the GSA

The criteria used to determine the priorities; categories and primary systems are as follows:

Priorities:

Priority One: Immediate / First Year

Items in this category require immediate action and include corrective measures to:

• Return a facility to normal operation

• Stop accelerated deterioration

• Replace items that have reached or exceeded their useful service life

• Correct Life Safety and or Code hazards

Priority Two: Within the next 1-2 Years

Items in this category require action in the next 1-2 years and include corrective measures to:

• Return a facility to normal operation

• Stop accelerated deterioration

• Replace items that will reach their useful service life within the next year

• Correct Life Safety and or Code hazards

Priority Three: Within the next 3-5 years

Items in this category, if not corrected expeditiously, will become critical in the next several years. Items in this category include corrective measures to:

• Stop intermittent interruptions

• Correct rapid deterioration

• Correct functionality or aesthetic issues that are not critical

• Correct potential safety hazards

Priority Four: In the Next 5 or more years

Items in this category include conditions requiring appropriate attention to preclude predictable deterioration or potential downtime and the associated damage or higher costs if deferred further.

Requirement Categories

Parent categories, which group categories, are listed below in bold italics. You can apply a parent category or a child category to a requirement.

Code Compliance

• Accessibility: Conditions that violate the American Disabilities Act guidelines. (Examples:

Non-compliant building entrances, plumbing fixtures, and door hardware).

• Building Code: Conditions that violate Building codes (Examples: Any conditions that disregard building, electrical, mechanical, and plumbing codes.)

• Life Safety: Conditions that violate the NFPA 101 Life Safety Code (Example: Any conditions that endanger life in the event of fire, smoke, fumes or panic.)

Operations

• Energy: Conditions that adversely affect energy use (Examples: Single pane windows, pipe insulation).

• Maintenance: Components or systems that require routine maintenance. (Examples:

Recalibrate thermostats, clean ducts).

• Security: Conditions that compromise the protection of the asset or its occupants

(Examples: Broken locks, lack of lighting).

Functionality

• Mission: Components or systems that do not meet the standards of the organization

(Examples: Non-uniform paint and décor; equipment upgrades to ensure a facility is operational 24/7.)

• Modernization: Conditions that need to be made modern in appearance or function

(Example: Outdated furniture).

• Plant Adaptation: Components or systems that must change to fit a new or adapted use

(Example: Renovation or restoration of old space).

• Obsolescence: Components or systems that are or are becoming obsolete (Example:

Outdated equipment).

• Capacity: Problems with the system's ability to keep up with demand load (Examples:

Heating equipment that cannot adequately cover its intended area, overcrowding).

Integrity

• Appearance: Problems with the asset's appearance that are not functional in nature

(Examples: Peeling paint, worn carpet).

• Reliability: Components or systems that cannot be depended upon (Example: Equipment that functions correctly but sometimes is unpredictable).

• Beyond Rated Life: A component or system that had exceeded its rated life (Example: A

20-year warranted roof that is 30 years old).

Environmental

• Air/Water Quality: Conditions that affect the environmental quality of the water or air

Examples: Insufficient ventilation, lack of chemical treatment, no backflow protection).

• Asbestos: Visible observance of suspected Asbestos Containing Materials (ACMs).

• Lead: Visible observance of suspected lead-based paint.

• PCB: Visible observance of suspected PCB-containing materials in building equipment

(Example: Transformer).

Miscellaneous

• Other: Other deficient items not covered in all other categories (Examples: Space utilization, Occupational Health and Safety, and OSHA Facilities and Equipment).

Primary Systems (VFA’s Classifications)

Site

• Vehicular Pavement

• Sidewalks

• Landscaping

• Utilities

Structure

• Structure

Exterior Structure

• Exterior Walls

• Roof

• Windows and Exterior Doors

Interior Structure

• Wall Surfaces

• Ceilings

• Flooring

• Furnishings & Equipment

• Stairs

• Elevators

• Interior Doors

• Fire Separation Assemblies

HVAC

• Boilers/Furnaces

• Air Handling Units

• Circulation Pumps

• Cooling Towers

• Ductwork

• HVAC Piping

• Terminal Devices

• Ventilation Systems

• Temperature Control

Plumbing

• Domestic Water

• Sanitary Waste

• Plumbing Fixtures

• Fire Suppression Systems

Electrical

• Electrical Service

• Electrical Distribution

• Lighting

• Fire Alarm

• Emergency Lighting and Exit Signs

• Telecommunications

For each requirement, one or more proposed actions were established, and a recommended action identified. The corrective work was then estimated using 2004 R.S. Means Estimating

Data accessed directly by VFA.facility. For work not covered by R.S. Means, a lump sum figure was inserted and described in the text of the requirement.

Requirements Index / Facility Condition Index

VFA has automated a standard process for assessing the relative condition of assets, facilitating comparison both within and among institutions. For each asset, two condition indices are determined. The Requirements Index (RI) is the TOTAL sum of all requirements divided by the current replacement value. The Facility Condition Index (FCI) is the total value of a SUBSET of requirements, either based on category or priority, divided by the current replacement value. For the case of the GSA, the Requirements Index equals the Facility

Condition Index.

For example, if an asset with a replacement value of $1,000,000 has $100,000 of existing requirements, the RI and FCI is $100,000/$1,000,000 or 0.10. This principle can be expanded to cover groups of assets or an entire service center or region.

Condition Levels Condition FCI Range Very Good 0.00 to 0.05

Good 0.051 to 0.10

Fair 0.11 to 0.15

Poor 0.151 and above

FCI is a standard measure used throughout the country; it is recommended by both the

National Association of College Business Officers (NACUBO) and the Association of Higher

Education Facility Officers (APPA).

To determine the current replacement value of assets, VFA.facility uses cost templates developed for each different asset type. The cost templates include a square foot cost for each asset. The target overall replacement costs (total dollars/SF) are derived from the functional replacement values obtained from the GSA. Individual systems costs/SF are derived from industry standard costs such as Mean’s and the teams’ professional experience.

Each asset is assigned a cost template that reflects its use. The program multiplies the square foot cost with the gross area entered for each asset and determines the replacement cost of that asset. The program then aggregates all the assets to determine the total replacement value of the plant.

f a c i l i t y r e n e w a l m a n a g e m e n t

In addition to management of deficient conditions, VFA.facility provides budgeting and management tools for facility capital renewal forecasting. Whereas deferred maintenance is concerned with existing conditions, capital renewal forecasting is concerned with the continuous deterioration of assets. From an accounting perspective, this is the cause for asset depreciation. This section presents the findings of the capital renewal forecasting for the Portland 911 Federal Building.

Unlike the theoretical straight-line depreciation familiar to accountants, asset deterioration occurs at a wide variety of rates for various asset systems. As such, VFA has developed a methodology for predicting asset deterioration and associated capital renewal funding requirements based on systematic analyses of the asset components, estimating renewal costs at the end of each component’s useful life. In a typical assessment, each asset system is modeled with a value represented as its percent of the total replacement cost of the facility, a lifetime, a percentage of the system to be replaced at the end of its lifetime and a percent through its lifetime. The extent of detail shown represents VFA’s standard approach; however, this listing is intended to be flexible, adjusting to each client’s needs. Addition of more detail is not limited by the system.

Component Lifetime

Component lifetimes represent the anticipated serviceable duration of each building component.

Lifetimes reflect the durability of the type of system present. For example, typical EPDM roofing has a standard lifetime of 20 years, while slate shingle roofing has a serviceable life of 50 to 100 years depending on the thickness and construction method used. As such, each component is analyzed and a life assigned. These figures are based on published standards as modified by VFA to reflect our professional experience. The lifetimes are further refined to reflect the owner’s experience and approach to preventative maintenance as well as expected or historic wear on the assets.

Percentage Replaced

At the time of renewal, many components are only partially renewed/replaced. For example, while a roof is generally totally replaced at the end of its life, elevators are not totally replaced, but have significant residual value. The shaft, piston, doors, etc. generally remain but the cab and electronics are replaced.

f a c i l i t y r e n e w a l m a n a g e m e n t

Percent Used

For each component, VFA professionals estimate the percent depletion relative to its lifetime. Field inspection results are used to determine the percent used, not simply the age of the component.

The following graph illustrates the results of the facilities renewal forecast process for the Portland 911

Federal Building . The annual costs associated with replacement of systems not currently deficient, but anticipated to fail in the future are mapped to the graph. The time frame used was 20 years;

additional analyses can be produced with other time frames.

The results of this analysis are used in combination with the data collected on current requirements to produce the financial models presented and described in the next section, Funding Scenario

Analyses.

Facility Renewal Forecast

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08/23/04Copyright © 1998-2004 VFA, Inc. All rights reserved. 1

Year Annual Average Moving Average(5yr) Trend based

2004 $0 $911,164 $0 $0

2005 $0 $933,943 $0 $80,730

2006 $0 $957,291 $0 $179,920

2007 $0 $981,224 $0 $284,018

2008 $0 $1,005,754 $271,929 $393,210

2009 $0 $1,030,898 $661,978 $507,683

2010 $1,428,478 $1,056,670 $678,527 $627,634

2011 $2,013,261 $1,083,087 $763,245 $753,265

2012 $0 $1,110,164 $1,371,057 $884,786

2013 $355,924 $1,137,918 $1,097,670 $1,022,412

2014 $3,092,676 $1,166,366 $1,525,411 $1,166,366

2015 $0 $1,195,525 $1,563,547 $1,316,879

2016 $4,380,642 $1,225,413 $1,712,750 $1,474,189

2017 $0 $1,256,049 $1,089,474 $1,638,541

2018 $981,143 $1,287,450 $1,943,430 $1,810,189

2019 $0 $1,319,636 $1,539,114 $1,989,396

2020 $4,342,859 $1,352,627 $2,179,273 $2,176,431

2021 $2,577,144 $1,386,443 $2,786,210 $2,371,575

2022 $3,160,705 $1,421,104 $2,980,928 $2,575,116

2023 $4,012,189 $1,456,631 $2,650,117 $2,787,351

2024 $656,970 $1,493,047 $2,696,726 $3,008,589

08/23/04Copyright © 1998-2004 VFA, Inc. All rights reserved. 2

Region Northwest/Arctic Region

Service_Center 911/511 PMT

Asset Portland 911 Federal Building

Systems All

Forecast Years 20

Inflation Rate 2.5%

Allocate renewal cost to single year

Yes

Facility Renewal Forecast

Forecast Parameters

08/23/04Copyright © 1998-2004 VFA, Inc. All rights reserved. 3 f a c i l i t y f u n d i n g s c e n a r i o

VFA.facility integrates both deferred maintenance and capital renewal projection findings into comprehensive facility funding analyses. Various strategies can be comparatively analyzed including various funding levels, various distributions of funding and testing of assumption parameters. Using this tool, optimal facility investment strategies can be identified.

Three investment scenarios for the Portland 911 Federal Building are included at the end of this section. These models are based on long range planning discussions and illustrate compelling plant needs. These models do not include debt service as a renewal investment. The audit treats the original capital expenditure as a renewal investment. Adding the debt service counts the single investment twice.

The model integrates the current condition information and the annual renewal projections to analyze various funding schemes. Asset replacement cost is annually adjusted by the inflation rate identified, in this case 2.5%. If the institution anticipates plant growth, this rate is reflected in both the replacement cost and the overall FCI, assuming that growth is via new construction with

FCI = 0. Anticipated new requirements are estimated as the further deterioration of current requirements not corrected, at the backlog deterioration rate identified as 2%, and the results of the renewal forecast. With these factors, various funding schemes can be analyzed and the effect on the asset condition estimated. All figures are adjusted for inflation over the duration of the analysis; the discount rate used for net present value calculations is the inflation rate as well.

Other discount rates can be used, to reflect the opportunity cost associated with a facility investment. The investment should be assumed to include major repair costs (other than those for custodial or routine zone maintenance needs) and any capital projects that substantially affect the condition of the plant, such as asset or partial asset renovations.

The graphs and tables that follow identify funding strategies and show the associated effects on asset condition, in terms of the RI/FCI (see section 2 and 7 for a discussion and definition of

RI/FCI.) The Summary of Funding Options presents key results such as change in plant value and RI/FCI at end of funding period for the three scenarios. For the graphical presentation, bars indicate annual dollars invested in the asset, as indicated on the left axis, and the lines indicate the effect of this funding on the RI/FCI, as indicated on the right axis. The spreadsheets have been projected over 20 years for clarity; further extensions of the model are possible. The following scenarios are presented for the Portland 911 Federal Building contained in this report:

Option One explores the effects of investing 1/2% of current replacement value

(CRV). The present condition of the assets is considered poor according to industry standards, with an overall RI/FCI of 0.48. Over 20 years the condition of the assets steadily deteriorates with the RI/FCI increasing to 1.04. Total aggregated net present value of the asset after funding is ($3,391,293), down from the initial $48,760,676. Total aggregated net present value of 20 years worth of deferred maintenance, at this funding level, has resulted in a backlog of work estimated at $50,830,284 - a significant increase from the current backlog of

$23,558,537.

Option Two explores the effects of setting funding levels to maintain the existing overall RI/FCI. In this scenario, the condition remains stable with an overall RI/FCI of 0.48. Total aggregated net present value of 20 years worth of deferred maintenance, at this level of funding, has resulted in a backlog that remains at

$23,558,537 given the assumed zero plant growth. The total aggregated net present value of a 20-year asset investment is $28,557,850. This Option is useful as a benchmark for setting goals to improve plant condition and value.

Option Three explores the effects of reducing the overall RI/FCI to 0.05, which is considered good by industry standards. In this scenario, asset improvements are distributed over a multi-year period bringing the RI/FCI down to an efficient 0.05 in

10 years, and maintained at this level thereafter. This scenario implies continued use of the facility during renewal improvements. Total aggregated net present value of 20-year asset investment is $43,553,408. In this case, regular and adequate investment toward preventative maintenance has had dramatic results in reducing the backlog of work to be performed. Total aggregated net present value of 20 years worth of preventative maintenance has resulted in a backlog of work estimated at only $2,438,033. At the end of the 20-year period, this backlog can be envisioned as a balloon payment of $$2,438,033 coming due to fix the requirements. Combining $43,553,408 and the $$2,438,033 invested over 20 years yields roughly an annual investment of $2.3 million into the facilities necessary to bring the plant up to good condition. This option yields much greater benefits than

Option 2.

These options reflect only three of the many possible scenarios. Additional scenarios can be easily run on the data.

Starting Net Present Value FCI

Funding Option Backlog FCI Applied Funding

Ending Backlog

Total Funding Requirement

Deferred Maintenance Penalty

Ending

Pay as you go $23,558,537 0.4831 $42,692,968 $42,692,968 0

Funding to reduce FCI to 5% in 10 years

$23,558,537 0.4831 $43,553,408 $2,438,033 $45,991,441 $3,298,473 0.0500

0.5% of the current replacement value

$23,558,537 0.4831 $4,876,069 $50,830,284 $55,706,353 $13,013,385 1.0424

Funding to maintain Constant FCI

$23,558,537 0.4831 $28,557,850 $23,558,537 $52,116,387 $9,423,419 0.4831

Comparison Of Options

Funding/FCI Report

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Funding-Maintain FCI FCI-Maintain FCI

Funding-0.5% of the Current Replacement Value FCI-0.5% of the Current Replacement Value

Funding-Target FCI-Funding to reduce FCI to 5% in 10 Years FCI-Target FCI-Funding to reduce FCI to 5% in 10 Years

Maintain FCI

Year Replacement Cost

Renewal Cost Backlog Deterioration

Total New Liability

New Backlog Total

Net Plant Value

Funding Funding Reserve

FCI

2004 $48,760,676 $0 $0 $23,558,537 $23,558,537 $25,202,139 $0 $0 0.4831

2005 $49,979,692 $0 $482,950 $482,950 $24,147,500 $25,832,192 $482,950 $0 0.4831

2006 $51,229,183 $0 $495,024 $495,024 $24,751,187 $26,477,996 $495,024 $0 0.4831

2007 $52,509,911 $0 $507,399 $507,399 $25,369,966 $27,139,945 $507,399 $0 0.4831

2008 $53,822,658 $0 $520,084 $520,084 $26,004,214 $27,818,443 $520,084 $0 0.4831

2009 $55,168,223 $0 $533,086 $533,086 $26,654,319 $28,513,904 $533,086 $0 0.4831

2010 $56,547,427 $1,428,478 $546,414 $1,974,892 $27,320,676 $29,226,751 $1,974,892 $0 0.4831

2011 $57,961,111 $2,013,261 $560,074 $2,573,335 $28,003,693 $29,957,419 $2,573,335 $0 0.4831

2012 $59,410,138 $0 $574,076 $574,076 $28,703,784 $30,706,353 $574,076 $0 0.4831

2013 $60,895,390 $355,924 $588,428 $944,351 $29,421,378 $31,474,012 $944,351 $0 0.4831

2014 $62,417,773 $3,092,676 $603,138 $3,695,815 $30,156,912 $32,260,861 $3,695,815 $0 0.4831

2015 $63,978,216 $0 $618,217 $618,217 $30,910,834 $33,067,382 $618,217 $0 0.4831

2016 $65,577,670 $4,380,642 $633,672 $5,014,314 $31,683,604 $33,894,066 $5,014,314 $0 0.4831

2017 $67,217,110 $0 $649,514 $649,514 $32,475,694 $34,741,416 $649,514 $0 0.4831

2018 $68,897,536 $981,143 $665,752 $1,646,894 $33,287,585 $35,609,951 $1,646,894 $0 0.4831

2019 $70,619,973 $0 $682,395 $682,395 $34,119,774 $36,500,199 $682,395 $0 0.4831

2020 $72,385,471 $4,342,859 $699,455 $5,042,315 $34,972,768 $37,412,703 $5,042,315 $0 0.4831

2021 $74,195,106 $2,577,144 $716,942 $3,294,086 $35,847,086 $38,348,020 $3,294,086 $0 0.4831

2022 $76,049,982 $3,160,705 $734,865 $3,895,570 $36,743,262 $39,306,719 $3,895,570 $0 0.4831

2023 $77,951,229 $4,012,189 $753,237 $4,765,425 $37,661,843 $40,289,386 $4,765,425 $0 0.4831

2024 $79,900,008 $656,970 $772,068 $1,429,038 $38,603,388 $41,296,620 $1,429,038 $0 0.4831

0.5% of the Current Replacement Value

Cost

Renewal Cost Backlog Deterioration

Total New Liability

New Backlog Total

Net Plant Value

Funding Funding Reserve

FCI

2004 $48,760,676 $0 $0 $23,558,537 $23,558,537 $25,202,139 $0 $0 0.4831

2005 $49,979,692 $0 $482,950 $482,950 $24,380,551 $25,599,140 $249,898 $0 0.4878

2006 $51,229,183 $0 $499,801 $499,801 $25,233,720 $25,995,463 $256,146 $0 0.4926

2007 $52,509,911 $0 $517,291 $517,291 $26,119,304 $26,390,607 $262,550 $0 0.4974

2008 $53,822,658 $0 $535,446 $535,446 $27,038,618 $26,784,039 $269,113 $0 0.5024

2009 $55,168,223 $0 $554,292 $554,292 $27,993,034 $27,175,189 $275,841 $0 0.5074

2010 $56,547,427 $1,428,478 $573,857 $2,002,335 $30,412,457 $26,134,970 $282,737 $0 0.5378

2011 $57,961,111 $2,013,261 $623,455 $2,636,717 $33,519,679 $24,441,432 $289,806 $0 0.5783

2012 $59,410,138 $0 $687,153 $687,153 $34,747,773 $24,662,365 $297,051 $0 0.5849

2013 $60,895,390 $355,924 $712,329 $1,068,253 $36,380,243 $24,515,147 $304,477 $0 0.5974

2014 $62,417,773 $3,092,676 $745,795 $3,838,471 $40,816,130 $21,601,643 $312,089 $0 0.6539

2015 $63,978,216 $0 $836,731 $836,731 $42,353,372 $21,624,844 $319,891 $0 0.662

2016 $65,577,670 $4,380,642 $868,244 $5,248,886 $48,333,203 $17,244,467 $327,888 $0 0.737

2017 $67,217,110 $0 $990,831 $990,831 $50,196,277 $17,020,833 $336,086 $0 0.7468

2018 $68,897,536 $981,143 $1,029,024 $2,010,166 $53,116,861 $15,780,675 $344,488 $0 0.771

2019 $70,619,973 $0 $1,088,896 $1,088,896 $55,180,577 $15,439,396 $353,100 $0 0.7814

2020 $72,385,471 $4,342,859 $1,131,202 $5,474,061 $61,672,224 $10,713,246 $361,927 $0 0.852

2021 $74,195,106 $2,577,144 $1,264,281 $3,841,425 $66,684,478 $7,510,628 $370,976 $0 0.8988

2022 $76,049,982 $3,160,705 $1,367,032 $4,527,737 $72,499,075 $3,550,906 $380,250 $0 0.9533

2023 $77,951,229 $4,012,189 $1,486,231 $5,498,420 $79,420,214 $-1,468,984 $389,756 $0 1.0188

2024 $79,900,008 $656,970 $1,628,114 $2,285,084 $83,291,301 $-3,391,293 $399,500 $0 1.0424

08/23/04Copyright © 1998-2004 VFA, Inc. All rights reserved. 3

Target FCI-Funding to reduce FCI to 5% in 10 Years

Cost

Renewal Cost Backlog Deterioration

Total New Liability

New Backlog Total

Net Plant Value

Funding Funding Reserve

FCI

2004 $48,760,676 $0 $0 $23,558,537 $23,558,537 $25,202,139 $0 $0 0.4831

2005 $49,979,692 $0 $482,950 $482,950 $21,982,648 $27,997,043 $2,647,802 $0 0.4398

2006 $51,229,183 $0 $450,644 $450,644 $20,313,241 $30,915,942 $2,669,617 $0 0.3965

2007 $52,509,911 $0 $416,421 $416,421 $18,546,625 $33,963,286 $2,690,868 $0 0.3532

2008 $53,822,658 $0 $380,206 $380,206 $16,678,982 $37,143,676 $2,711,514 $0 0.3099

2009 $55,168,223 $0 $341,919 $341,919 $14,706,365 $40,461,858 $2,731,510 $0 0.2666

2010 $56,547,427 $1,428,478 $301,480 $1,729,959 $12,624,693 $43,922,734 $4,179,289 $0 0.2233

2011 $57,961,111 $2,013,261 $258,806 $2,272,068 $10,429,747 $47,531,365 $4,782,631 $0 0.1799

2012 $59,410,138 $0 $213,810 $213,810 $8,117,162 $51,292,975 $2,787,138 $0 0.1366

2013 $60,895,390 $355,924 $166,402 $522,326 $5,682,430 $55,212,960 $3,159,986 $0 0.0933

2014 $62,417,773 $3,092,676 $116,490 $3,209,166 $3,120,889 $59,296,885 $5,912,769 $0 0.05

2015 $63,978,216 $0 $63,978 $63,978 $3,198,911 $60,779,305 $63,978 $0 0.05

2016 $65,577,670 $4,380,642 $65,578 $4,446,220 $3,278,883 $62,298,786 $4,446,220 $0 0.05

2017 $67,217,110 $0 $67,217 $67,217 $3,360,856 $63,856,255 $67,217 $0 0.05

2018 $68,897,536 $981,143 $68,898 $1,050,040 $3,444,877 $65,452,659 $1,050,040 $0 0.05

2019 $70,619,973 $0 $70,620 $70,620 $3,530,999 $67,088,974 $70,620 $0 0.05

2020 $72,385,471 $4,342,859 $72,385 $4,415,245 $3,619,274 $68,766,197 $4,415,245 $0 0.05

2021 $74,195,106 $2,577,144 $74,195 $2,651,339 $3,709,755 $70,485,350 $2,651,339 $0 0.05

2022 $76,049,982 $3,160,705 $76,050 $3,236,755 $3,802,499 $72,247,482 $3,236,755 $0 0.05

2023 $77,951,229 $4,012,189 $77,951 $4,090,140 $3,897,561 $74,053,668 $4,090,140 $0 0.05

2024 $79,900,008 $656,970 $79,900 $736,870 $3,995,000 $75,905,008 $736,870 $0 0.05

08/23/04Copyright © 1998-2004 VFA, Inc. All rights reserved. 4

Region Northwest/Arctic Region

Service_Center 911/511 PMT

Asset Portland 911 Federal Building

Systems All

Priority All

Requirement Type All

Forecast Years 20

Inflation Rate 2.5%

Backlog Deteriorate Rate 2.0%

Renewal Option Annual

Allocate renewal cost to single year

Yes

FCI/RI Setting FCI

Funding/FCI Report

Forecast Parameters

08/23/04Copyright © 1998-2004 VFA, Inc. All rights reserved. 5

Page 1 of

REGION: Northwest/Arctic Region

SERVICE_CENTER: 911/511 PMT

Number Name Use Age Size Replacement Value

FCI Cost (in thousands)

FCI RI Cost (in thousands)

RI (RI-FCI) Cost (in thousands)

OR0033PEPortland 911 Federal Building

Business 51 301,905 SF $48,760,677 $23,559 0.48 $23,559 0.48 $0

911/511 PMT Totals : 301,905 $48,760,677 $23,559 0.48 $23,559 0.48 $0

Northwest/Arctic Region Totals : 301,905 $48,760,677 $23,559 0.48 $23,559 0.48 $0

Asset List Report by Asset Name

REGION:

Northwest/Arctic Region

SERVICE_CENTER:

911/511 PMT

ASSET NAME:

Portland 911 Federal Building

Category - Priority 1 - Immediate / First Year

2 - Within 1 to 2 Years 3 - Within 3 to 5 Years 4 - 5+ Years 5: Does Not Meet Current Codes/Standards

Unknown Total

Electrical System $224,097 $2,792,851 $1,907,527 $61,507 $0 $0 $4,985,982

Equipment $334 $0 $0 $9,900 $0 $0 $10,234

Exterior Enclosure $290 $339,580 $370,504 $1,592,913 $0 $0 $2,303,287

Fire Protecion $100,924 $0 $0 $4,094 $0 $0 $105,018

HVAC System $705,210 $1,617,391 $985,497 $911,296 $0 $0 $4,219,394

Interior Construction $71,528 $0 $2,188,962 $304,701 $0 $0 $2,565,191

Plumbing System $8,390 $30,231 $0 $282,541 $0 $0 $321,162

Selective Demolition $0 $0 $0 $0 $0 $0 $0

Site $0 $12,136 $0 $0 $0 $0 $12,136

Structure $0 $0 $0 $9,036,133 $0 $0 $9,036,133

Total $1,110,773 $4,792,189 $5,452,490 $12,203,085 $0 $0 $23,558,537

Crosstabs of Requirements by Priority and System Group / Asset Name

Page 2 of

1 - Immediate / First Year

2 - Within 1 to 2 Years

3 - Within 3 to 5 Years

4 - 5+ Years

5: Does Not Meet Current Codes/Standards

Unknown

Electric al System

Equipment

Exterior E nclosure

Fire Protecion

HVAC System

Interior C onstru ction

Plumbing System

Selective Demolitio n Site

Structure

2,250,000

4,500,000

6,750,000

9,000,000

11,250,000

System Group

C os t

Crosstabs of Requirements by Priority and System Group / Asset Name

Northwest/Arctic Region

SERVICE_CENTER:

911/511 PMT

ASSET NAME:

Portland 911 Federal Building

Category - Priority 1 - Immediate / First Year

2 - Within 1 to 2 Years 3 - Within 3 to 5 Years 4 - 5+ Years 5: Does Not Meet Current Codes/Standards

Unknown Total

Accessibility $39,809 $23,215 $0 $267,204 $0 $0 $330,228

Air and Water Quality $0 $323,149 $0 $162,832 $0 $0 $485,981

Asbestos $0 $0 $0 $21,987 $0 $0 $21,987

Building Code $196,426 $329,332 $21,173 $172,392 $0 $0 $719,323

Functionality $0 $69,523 $692,789 $52,142 $0 $0 $814,454

Integrity $215,384 $3,157,792 $4,738,528 $11,526,528 $0 $0 $19,638,232

Life Safety $659,154 $12,136 $0 $0 $0 $0 $671,290

Security $0 $877,042 $0 $0 $0 $0 $877,042

Total $1,110,773 $4,792,189 $5,452,490 $12,203,085 $0 $0 $23,558,537

Crosstabs of Requirements by Category and Priority / Asset Name

1 - Immediate / First Year

2 - Within 1 to 2 Years

3 - Within 3 to 5 Years

4 - 5+ Years

5: Does Not Meet Current Codes/Standards

Unknown

Accessib ility

Air a nd W ater Q uality

Asbesto s

Building Code

Functionality

Integrity

Life Safety

Security

2,500,000

5,000,000

7,500,000

10,000,000

12,500,000

Category

C os t

Crosstabs of Requirements by Category and Priority / Asset Name

Northwest/Arctic Region

SERVICE_CENTER:

911/511 PMT

ASSET NAME:

Portland 911 Federal Building

Category - System Group

Structure Exterior Enclosure

Interior Construction

Plumbing System

HVAC

System

Fire Protection

Electrical System

Equipment Furnishings Special Construction

Selective Demolition

Site Total

Accessibility $0 $13,814 $253,390 $31,605 $0 $0 $31,419 $0 $0 $0 $0 $0 $330,228

Building Code $0 $0 $100,852 $119,709 $0 $105,018 $383,844 $9,900 $0 $0 $0 $0 $719,323

Life Safety $0 $290 $0 $0 $645,595 $0 $12,935 $334 $0 $0 $0 $12,136 $671,290

Security $0 $0 $0 $0 $0 $0 $877,042 $0 $0 $0 $0 $0 $877,042

Air and Water Quality $0 $0 $0 $162,832 $323,149 $0 $0 $0 $0 $0 $0 $0 $485,981

Asbestos $0 $0 $21,987 $0 $0 $0 $0 $0 $0 $0 $0 $0 $21,987

Functionality $0 $0 $0 $0 $69,523 $0 $744,931 $0 $0 $0 $0 $0 $814,454

Integrity $9,036,133 $2,289,183 $2,188,962 $7,016 $3,181,127 $0 $2,935,811 $0 $0 $0 $0 $0 $19,638,232

Total $9,036,133 $2,303,287 $2,565,191 $321,162 $4,219,394 $105,018 $4,985,982 $10,234 $0 $0 $0 $12,136 $23,558,537

Crosstabs of Requirements by Category and System Group / Asset Name

Structure

Exterior Enclosure

Interior Construction

Plumbing System

HVAC System

Fire Protection

Electrical System

Equipment

Furnishings

Special Construction

Selective Demolition

Site

Accessib ility

Building Code

Life Safety

Security

Air a nd W ater Q uality

Asbesto s

Functionality

Integrity

2,250,000

4,500,000

6,750,000

9,000,000

11,250,000

Category

C os t

Crosstabs of Requirements by Category and System Group / Asset Name

SERVICE_CENTER: 911/511 PMT

Asset Name: Portland 911 Federal Building Asset Number: OR0033PE

Priority: 1 - Immediate / First Year

Requirement Name Category Prime System Action Date Finish Date Cost

Comm and Security: Heat Detector Missing in Elev Mach Room

Building Code Communications and Security 04/28/05 $959

Communication and Security: Fire Alarms Missing Where Req

Accessibility Communications and Security 04/28/05 $31,419

Cooling Gen Systems: Cooling Tower Parts Corroded

Integrity Cooling Generating Systems 04/05/05 $59,615

Distribution Systems: Relocate Air Intake Louvers

Life Safety Distribution Systems 04/30/05 $126,454

Distribution Systems: Smoke Proof Enclosure/Pressurization

Life Safety Distribution Systems 04/30/05 $519,141

Elevators and Lifts: Elevator Machine Guards Missing

Building Code Elevators and Lifts 04/28/05 $10,012

Em Light and Power Systems: Exit Signs Aged

Integrity Emergency Light and Power Systems

04/28/05 $155,769

Equipment: Obstructed Egress Life Safety Equipment 01/19/05 $334

Exterior Doors: Non-Compliant Locking Hardware

Life Safety Exterior Doors 05/06/05 $290

Interior Construction: Protect Fire Separation Assemblies

Building Code Interior Construction 01/19/05 $38,606

Interior Doors: Hardware Not Compliant

Building Code Interior Doors 01/19/05 $22,910

Lighting and Branch Wiring:

Emergency Power Outlets

Building Code Lighting and Branch Wiring 04/28/05 $14,153

Lighting and Branch Wiring:

Miscellany

Building Code Lighting and Branch Wiring 04/28/05 $8,862

Requirement List Report by Asset Name and Priority.

08/23/04Copyright © 1998-2004 VFA, Inc. All rights reserved. 6

Requirement Name Category Prime System Action Date Finish Date Cost

Lighting and Branch Wiring:

Outlets Non-GFCI

Life Safety Lighting and Branch Wiring 04/28/05 $12,935

Plumbing Fixtures: Lacks Insulation below Sinks.

Accessibility Plumbing Fixtures 04/28/05 $8,390

Sprinklers: Inadequate Stairwell Coverage

Building Code Sprinklers 04/29/05 $96,282

Sprinklers: Missing Sprinkler Guards

Building Code Sprinklers 04/28/05 $4,642

1 - Immediate / First Year Totals: $1,110,773

Priority: 2 - Within 1 to 2 Years

Requirement Name Category Prime System Action Date Finish Date Cost

Communication and Security: Fire Alarm System End of Life

Integrity Communications and Security 04/28/06 $558,654

Communication and Security:

Security System Obsolete

Security Communications and Security 04/28/06 $877,042

Communication and Security:

Telecom Improper Wiring

Building Code Communications and Security 04/28/06 $162,029

Distribution Systems: AHU 8 & 9

- Lacks Control

Integrity Distribution Systems 04/30/06 $1,070,708

Distribution Systems: Air System Unbalanced

Air and Water Quality Distribution Systems 04/30/06 $139,536

Distribution Systems: Dirty Returns

Air and Water Quality Distribution Systems 04/30/06 $183,613

Distribution Systems: EF-11 in Basement Unused

Integrity Distribution Systems 04/28/06 $6,010

Distribution Systems: HW Piping- Flex Rubber Connectors

Integrity Distribution Systems 04/30/06 $50,547

Distribution Systems: Inadequate HVAC at Elevator Room

Integrity Distribution Systems 04/30/06 $36,736

Requirement List Report

Page 3 of

Distribution Systems: Mezzanine Above Auditorium Cold

Integrity Distribution Systems 04/29/06 $14,782

Distribution Systems: Unlabeled Pipes

Integrity Distribution Systems 04/30/06 $45,936

Domestic Water Dist: Aged Penthouse Dom HW Heater

Integrity Domestic Water Distribution 04/28/06 $7,016

Elec Serve and Dist: Main Elec.

Switchboard Aged

Integrity Electrical Service and Distribution 04/28/06 $282,141

Elec Serve and Dist: Service and Dist - Secondary Swtchbrds Aged

Integrity Electrical Service and Distribution 04/28/06 $176,368

Electrical Service and Distribution:

Elevator Main Disconnect

Building Code Electrical Service and Distribution 04/27/06 $1,615

Exterior Walls: Damaged Marble Planters

Integrity Exterior Walls 05/04/06 $22,764

Exterior Walls: Deteriorated Marble Panels

Integrity Exterior Walls 05/04/06 $175,449

Exterior Windows: Deteriorated Weatherstripping

Integrity Exterior Windows 01/19/06 $141,367

Heat Generation Systems:

Efficiency Study

Functionality Heat Generating Systems 06/10/06 $69,523

Lighting and Branch Wiring:

Cable and Wiring Aged

Integrity Lighting and Branch Wiring 04/28/06 $569,314

Lighting and Branch Wiring:

Outlets Missing in Corridors

Building Code Lighting and Branch Wiring 04/27/06 $7,149

Other Elec. Systems: Lightning Protection Missing

Building Code Other Electrical Systems 04/28/06 $158,539

Pedestrian Paving: Deteriorated Brick Paving

Life Safety Pedestrian Paving 01/19/06 $12,136

Plumbing Fixtures: Drinking Fountains Replace

Accessibility Plumbing Fixtures 04/30/06 $23,215

2 - Within 1 to 2 Years Totals: $4,792,189

Requirement List Report

Page 4 of

Priority: 3 - Within 3 to 5 Years

Requirement Name Category Prime System Action Date Finish Date Cost

Ceiling Finishes: Aged Ceiling Tiles

Integrity Ceiling Finishes 01/19/07 $459,131

Communication and Security:

Clock System Obsolete

Functionality Communications and Security 04/28/07 $240,459

Communication and Security:

Public Address System Missing

Functionality Communications and Security 05/23/07 $452,330

Controls and Instrumentation:

Upgrade

Integrity Controls and Instrumentation 04/29/07 $985,497

Elec Serve and Dist: Aged Elevator Switchboard

Integrity Electrical Service and Distribution 04/28/07 $55,332

Electrical Service and Distribution:

Electrical Panels Aged

Integrity Electrical Service and Distribution 04/27/07 $410,730

Electrical Service and Distribution:

MCCs Aged

Integrity Electrical Service and Distribution 04/28/07 $264,464

Electrical Service and Distribution:

Transformers Aged

Integrity Electrical Service and Distribution 04/28/07 $237,581

Exterior Doors: Deteriorated Metal Doors

Integrity Exterior Doors 01/19/07 $11,235

Exterior Doors: Main Entrance Need Replacing

Integrity Exterior Doors 01/19/07 $88,082

Floor Finishes: Carpet Aged and Deteriorated

Integrity Floor Finishes 01/19/07 $1,701,571

Floor Finishes: Damaged Terrazzo Integrity Floor Finishes 01/19/07 $2,974

Lighting and Branch Wiring:

Missing Occupancy Sensors

Building Code Lighting and Branch Wiring 04/28/07 $21,173

Lighting and Branch Wiring:

Theatrical Fixtures Aged

Integrity Lighting and Branch Wiring 04/27/07 $225,458

Roofing: Aged and Damaged Membrane

Integrity Roofing 01/19/07 $271,187

Requirement List Report

Page 5 of

Superstructure: Deteriorated Garage Deck

Integrity Superstructure 01/19/07 $0

Wall Finishes: Marble Pointing Deteriorated

Integrity Wall Finishes 01/19/07 $25,286

3 - Within 3 to 5 Years Totals: $5,452,490

Priority: 4 - 5+ Years

Requirement Name Category Prime System Action Date Finish Date Cost

Boilers: End of Life Integrity Boilers 04/28/14 $498,066

Cooling Gen Systems: Aged Cooling Towers

Integr…