THE LAUREN, A CONDOMINIUM Supplementary Information on Future Major Repairs & Replacements (Scanned Copy) December 31, 2004 (Unaudited)
An independent engineer conducted a study in 2003 to estimate the remaining useful lives and the replacement costs of the components of common property. Replacement costs were based on the estimated costs to repair or replace the common property components at the date of the study. Estimated current replacement costs have not been revised since that date. The study considered the effects of inflation between the date of the study and the date that the components will require repair or replacement at a rate of 3.7% and an interest rate of 2.2%.
The following information is based on the 2003 study and presents significant information about the components of common property.
						Estimated Remaining	Estimated   2003	Component of Fund
		Components				Useful Life (Years)	Replacement   Cost	Balances 12/31/2004
		Exterior Building Replacement   Asphalt pavement				8	$   44,550	$   21,778
		Awning, front entrance				8	12,000	5,859
		Fences, metal				0	5,000	2,484
		Concrete flatwork, partial replacement				0	7,500	3,694
		Gate and operator, parking lot				11	5,000	2,484
		Light fixtures, ground level				3	1,250	637
		Light fixtures, roof garden				0	5,000	2,484
		Pool mechanical equipment				0	3,500	1,720
		Pool painting				2	2,100	1,019
		Roof, flat				16	270,000
		Roof garden, furniture, planters, partial replacement				4	4,000	1,974
		Roof garden, concrete payers				16	97,500
		Walls, brick, inspection and partial tuckpointing				3	50,292	24,646
		Windows and door sealants				3	58,300	28,595
		Windows, common area (excludes penthouse hall)				10	9,000	4,394
		Interior Building Elements   Apartment, renovations				2	8,000	3,948
		Appliances, laundry room				4	17,500	8,598
		Bathrooms, renovations				3	12,000	5,859
		Doors, internal and external				10	47,600	23,373
		Elevator cab finishes				6	8,000	3,948
		Garage door and operator				6	15,000	7,387
		Garage, inspection and capital repairs				1	18,450	9,043
									(Continued)
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THE LAUREN, A CONDOMINIUM
Supplementary Information on Future Major Repairs & Replacements (Continued) December 31, 2004
(Unaudited)
					Estimated Remaining	Estimated   2003	Component of Fund
Components					Useful Life (Years)	Replacement     Cost	Balances 12/31/2004
Interior Building Elements (Continued)   Hallway renovations, phased					3	$   72,000	$   35,345
Lights, emergency and exit signs					14	16,000	7,833
Lights, interior					14	33,500	16,431
Lobby renovations					10	24,000	11,782
Mailboxes					3	15,470	7,579
Offices, renovations					5	8,500	4,140
Painting, stairwells					11	9,860	4,840
Building Systems   Air handler, garage					8	12,000	5,859
Boiler replacement, building heat, 8400 MBH					9	118,000	57,890
Boiler replacement, building heat, 595 MBH					9	10,000	4,904
Chiller, capital repairs					6	20,000	9,808
Chiller, replacement					18	135,000	66,233
Cooling tower, replacement					6	40,000	19,615
Electrical wiring, invasive study and PM					0	30,100	14,775
Elevators, controls upgrade					6	136,000	66,742
Exhaust fans, garage and elevator room					3	4,500	2,229
Fan coil unit convector pans, phased					2	19,200	9,425
Fire alarm system, upgrade					0	38,000	18,660
Interphone system					0	12,000	5,859
Pumps, partial replacement					0	10,000	4,904
Riser sections, partial replacements					9	96,000	47,127
Security system, upgrade initial					0	5,000	2,484
Security system, upgrade subsequent					7	25,000
Trash chute and doors					14	33,000	16,176
Trash compactor					3	12,000	5,859
Water heaters and storage tanks					5	50,000	24,519
Reserve study update with site visit					1	3,900	1,911
Total						1,690,572	$   636,853
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