Item B: Capstone Collegiate Communities Student Housing Development Proposal

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3. Construction Air Quality: During the project’s construction, the contractor shall implement the following measures to reduce visible dust emissions (particulate matter of 10 microns [PM]): 10 Apply soil stabilizers to all unpaved areas. Clean all paved roads on a regular basis within 50 feet of the site. Reduce vehicle speed on-site to a maximum of 5 miles per hour As part of the overall management of the construction site, the sensitivity of Olive Plaza to dust, smoke and other forms of emissions will be put on the daily monitoring check list to assure the construction management staff is fully aware of the impact and sensitivity of construction period air quality to Olive Plaza. 4. Parking Spaces: In the case onsite parking is deemed sufficient for the student housing operations and excess parking spaces become available then the owner at their discretion will offer to Olive Plaza on a first right of refusal basis a select number (minimum five) of the available parking spaces at an average downtown monthly market price for structured or surface parking. Today, an average rate as published by Diamond parking is $50 per month for structured and $40 per surface parking. 5. Preconstruction Communication: Between now and the start of construction estimated to be June 15, 2012 Steve Master with Master Capital Management working with John Acken of Capstone will check in with the manager of Olive Plaza on a bimonthly basis to listen and address issues Olive Plaza residents may have in regards to the proposed student housing community. John Acken and Ingram Thornton with Capstone will be responsible to introduce the general contractor’s point of contact at the point of transition to construction. Management of Olive Plaza can contact John Acken any time during reasonable business hours at 205-789-7452. 6. Construction Communication: Between the start of construction to the turn over to the management team a lead person from the on site general contractor’s team will be in contact with the manager of Olive Plaza on a monthly basis to assure the communication between the construction and Olive Plaza is maintained. The general construction team will be responsible for the monitoring of the construction noise and dust to assure these potential conditions are mitigated and do not pose a negative condition upon Olive Plaza. The general contractor contact person will provide notifications for any special work hour requests and or right of way closures per the city requirements to assure minimal impact to Olive Plaza. The general contractor is to introduce the operations contact at the time of construction turn over to operations. Olive Plaza management will be provided the number for the construction period on-site manager whom they can call during reasonable business hours.