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EXHIBIT "B" <br />SCOPE OF DEVELOPMENT <br />Redwood Court Apartments <br />The Redwood Court Apartments consist of 27 total units located on <br />real property in Redwood City, California. The Project involves <br />the repair and rehabilitation of the Property for use as affordable <br />housing, and will include the following elements: <br />Budget Line Items Agency Budget <br />Roofing <br />$42,706.00 <br />Termite Eradication <br />21,460.00 <br />Windows and Sliding <br />Glass Doors <br />114,025.00 <br />Concrete Repairs to <br />Walkways <br />7,943.00 <br />Playground <br />26,036.00 <br />Fencing <br />40,740.00 <br />Exterior Siding <br />226,000.00 <br />Exterior Paint <br />21,090.00 <br />Total Rehabilitation <br />Costs <br />$500,000.00 <br />All works of improvement must be constructed and finished in <br />accordance with all applicable provisions of the Redwood City <br />Municipal Code and the regulations and procedures of its various <br />departments, and in a manner sufficient to obtain a Certificate of <br />Occupancy which applies to each and every unit of the Property. <br />B - 1 <br />IN <br />:200:3 - of 00.1301L <br />0-1)2112003 <br />