67 Livingston Street Condominium

Amendment 2 Mar 25, 2019

Amendment extends offering plan term, updates construction completion date to September 1, 2019, requires non-cash purchasers to obtain preapproval from Sponsor's Preferred Lender (First Republic Bank), adds smoking policy, and discloses FinCEN reporting requirements.

• First Unit Closing expected by September 1, 2019; rescission right if closing delayed past August 31, 2020
• Sponsor obtained new $47,000,000.00 loan from First Republic Bank on February 14, 2019, maturing February 14, 2021
• Non-cash purchasers must obtain preapproval from First Republic Bank before submitting offer, though purchase is not contingent on financing
• Smoking prohibited in all enclosed common areas; permitted in units and outdoor areas unless restricted by law
• FinCEN Geographic Targeting Order disclosure: title companies required to collect purchaser information for cash sales over $300,000.00
• Offering plan term extended by six (6) months
• First Year Budget unchanged except for September 1, 2019 commencement date; total common charges $228,925

Amendment 1 Aug 21, 2018

Updated property tax projection, revised floor plans with dimension changes and new skylights, increased staffing budget, and updated Schedule A.

• Property tax for 2018/2019 fiscal year estimated at $384,545; blended rate for first year of operations (Nov 1, 2018–Oct 31, 2019) estimated at $433,185
• Property tax for 2019/2020 fiscal year estimated at $533,465 after renovations
• Floor plan revisions across multiple floors including storage, bedrooms, bathrooms, and new Bedroom #3 on 17th floor
• Two skylights (4'-4" x 4'-4" each) added to SKY PH-2 unit above kitchen and staircase
• Labor and Related Expenses increased to $75,514.00 with superintendent at $600/week and part-time doorman at $500/week
• Building staff changed to part-time superintendent (20 hours/week) and part-time doorman (20 hours/week), non-union