The following non-friable asbestos products were identified at the site:

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1 April 27, 2018 Ms. Jessica Kenney Boulder Housing Partners 4800 Broadway Street Boulder, Colorado RE: Limited Asbestos-Containing Building Materials Survey Canyon Point Apartments First Floor 700 Walnut Street, Boulder, Colorado Farmer Project No Dear Ms. Kenney: Farmer Environmental Group, LLC (Farmer) performed the limited asbestos-containing building material survey of the first floor of the Canyon Pointe Apartments (Site) located at 700 Walnut Street, Boulder, Colorado for asbestos-containing building materials (ACBM) on April 19, Colorado Department of Public Health and Environment (CDPHE)-licensed Asbestos Inspector Kurt Pierce (License #14063) conducted this survey under an agreement between Farmer and Boulder Housing. The area inspected included the Community Room, storage rooms, restrooms, hallway, and kitchen. The purpose of the survey was twofold: 1) determine locations and conditions of asbestos-containing products at the Site; and 2) assist in obtaining the necessary building permits with the State of Colorado in accordance with Colorado Regulation #8. The following non-friable asbestos products were identified at the site: Material Description White/Gray 12 x12 Floor Tile Quantity 160 SF Asbestos Content 7% to 12% Chrysotile Location Storage East and Storage West All accessible areas within the Site were viewed and suspect materials touched by the inspector to determine the location, condition, and friability of observed asbestos material. All bulk samples were submitted for PLM analysis. When suspect material was initially sighted, bulk samples were usually collected. By definition, a homogeneous area means an area of surfacing material, thermal system insulation material, or miscellaneous material that is uniform in color and texture, and is installed within the same period. Farmer has had extensive experience with older buildings that have been abated during demolition or renovation projects. Occasionally, additional asbestos was discovered during demolition of concealing ceiling, wall, or flooring materials.

2 700 Walnut Street, Boulder, Colorado Asbestos Report April 27, 2018 Page 2 Sample analysis reported as "" should be interpreted as meaning no asbestos was observed in the suspect material above the reliable limit of detection, (1% by visual estimation) for the PLM method. The following materials did not contain asbestos: Orange Peel Texture on Drywall 2 x 4 Lay-in Ceiling Tile Gray Cove Base Beige Cove Base Mastic Black Cove Base Brown Cove Base Mastic Black Floor Tile Mastic Beige/Gray Sheet Vinyl Flooring Any product containing more than 1% fibrous asbestos, when analyzed by PLM, is considered a potential hazard by the Environmental Protection Agency (EPA). PLM is the EPA-recognized method for determining fibrous bulk asbestos content. Additionally, the EPA indicates that further analysis by point counting be performed to confirm asbestos content for friable materials found to contain less than ten percent asbestos by visual area estimation. Point counting analysis may be omitted if the material is assumed to contain more than one percent asbestos and is then handled accordingly. All samples collected by Farmer were analyzed by EMSL Analytical, Inc.'s NVLAP-accredited laboratory in Denver, Colorado. Sample locations are presented in Appendix I. The PLM Report in Appendix II indicate the results of PLM analysis for bulk samples collected in the scheduled demolition areas. The PLM Report shows the room or area in which the sample was collected and provides a description of the sampled material. Based on observations made at the Site, and results of the analysis of bulk samples collected during the survey, Farmer recommends the following: 1. Collect additional bulk samples from previously concealed materials that may be revealed during demolition activity, or from materials outside the original survey scope of work. "Suspect" material includes any material serving as a sprayed-on or troweled-on acoustic or fireproofing surface; floor and ceiling tiles; transite panels, siding or shingles; thermal insulation or any material associated with mechanical systems; or any binding agent such as tar sealant, mastic adhesive, roofing tar, caulking, et cetera. Colorado Regulation #8 requires bulk samples in public buildings be collected by a licensed Asbestos Inspector. 2. If any material cannot be positively identified as non-asbestos-containing by the analytical results of samples collected during this inspection, it should be treated as asbestos until a sample of the newly identified suspect material can be collected and analyzed by PLM. 3. The building owner should be aware that removing ACBM does not discharge ownership. During transport or after burial in an EPA-approved landfill, any contamination throughout the lifetime of the material remains the responsibility of the building owner.

3 700 Walnut Street, Boulder, Colorado Asbestos Report April 27, 2018 Page 3 Farmer has endeavored to inspect the existing conditions within the affected areas using CDPHE inspection protocols. Regardless of the thoroughness of a survey, it is possible that some areas containing asbestos were overlooked or inaccessible. This report presents general descriptions of various construction materials and the general locations where these materials were encountered. If questions arise during the planning for renovation, demolition or other construction, Farmer should be notified to permit us to review the situation and present recommendations. This report has been prepared on behalf of and exclusively for the use of Boulder Housing. The conclusions expressed by Farmer regarding the conditions of the site are based solely on the observations made on April 19, 2018, the data collected during this survey, and the laboratory results of the samples collected and analyzed. The beneficiaries are hereby advised that conditions observed are subject to change. This report and the findings contained herein shall not, in whole or in part, be disseminated or conveyed to any other party or be used or relied upon by any other party, in whole or in part, without Boulder Housing or Farmer's prior written consent. Farmer appreciates this opportunity to provide asbestos consulting services to Boulder Housing. We have enjoyed working with you on this project and look forward to meeting your needs in the future. Should any questions arise concerning this report, please contact us at (303) Sincerely, Kurt Pierce CDPHE Building Inspector #14063 Farmer Environmental Group, LLC

4 700 Walnut Street, Boulder, Colorado Asbestos Report April 27, 2018 Page 4 APPENDIX I TABLES AND FIGURES

5 Farmer Environmental Group, LLC Data Summary Table Site: Canyon Pointe Apts, 700 Walnut, Boulder, CO Survey Type (Complete, Limited, Demo): Limited Project No.: Building Age: 1980 Areas: First Floor Community Room, hall, storage, restroom, kitchen Application Material Description Sample ID Friable (F, NF) Condition (G, D, SD) ACM Classification (1-7) Type (T,S,M) Quantity Location/Color/Etc. 1 2'x4' Lay In Ceiling tile Panels J03368 Y G NA M white star fissute large hole, NW corner community room 1 2'x4' Lay In Ceiling tile Panels J03369 Y G NA M white star fissute large hole, SE corner community room 2 Orange Peel Texture on Drywall J03370 Y G NA S 3200 sf storage room e wall 2 Orange Peel Texture on Drywall J03371 Y G NA S 3200 sf community room north wall 2 Orange Peel Texture on Drywall J03372 Y G NA S 3200 sf hall restroom west wall 2 Orange Peel Texture on Drywall J03373 Y G NA S 3200 sf Kitchen south wall 2 Orange Peel Texture on Drywall J03374 Y G NA S 3200 sf Storage east, south wall 2 Orange Peel Texture on Drywall J03375 Y G NA S 3200 sf Community Room west wall 3 Tan Cove Base Mastic/Adhesive J03376 N G NA M main room w wall nw corner 3 Tan Cove Base Mastic/Adhesive J03377 N G NA M east storage room w wall at door 4 12"x12" floor tile White/Gray w/ black mastic J03378 N G 5 M 180 sf Storage room west 4 12"x12" floor tile White/Gray w/ black mastic J03379 N G 5 M 180 sf Storage room east 5 Beige Sheet Vinyl Flooring w/tan and black mastic J03380 Y G NA M kitchen, at sink cabinet 5 Beige Sheet Vinyl Flooring w/tan and black mastic J03381 Y G NA M kitchen, east of doors Restroom epoxy coating on concrete floors No ceiling in storage rooms * damage area only Inspector Name/Cert #: Kurt Pierce, T = TSI, S = Surfacing, M = Miscellaneous SF = Square Feet, LF = Linear Foot Page of

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7 700 Walnut Street, Boulder, Colorado Asbestos Report April 27, 2018 Page 5 APPENDIX II BULK SAMPLE ANALYSIS

8 EMSL Analytical, Inc Yuma Street Denver, CO Tel/Fax: (303) / (303) / denverlab@emsl.com EMSL Order: Customer ID: FARM50D Customer PO: Project ID: Attention: Jennifer Day Phone: (303) Farmer Environmental Group, LLC 8120 Sheridan Blvd Received Date: 04/19/ :25 PM Suite A306 Analysis Date: 04/24/2018 Westminster, CO Collected Date: 04/19/2018 Project: / Canyon Point Community Test Report: Asbestos Analysis of Bulk Materials via EPA 600/R-93/116 Method using Polarized Light Microscopy Fax: Non-Asbestos Sample Description Appearance % % J J J03370-Texture 'x4' Lay-In Ceiling Panels 2'x4' Lay-In Ceiling Panels Inseparable paint / coating layer included in analysis J03370-Drywall A J03371-Texture Inseparable paint / coating layer included in analysis J03371-Drywall A J03372-Texture Inseparable paint / coating layer included in analysis J03372-Drywall A J03373-Texture Inseparable paint / coating layer included in analysis J03373-Drywall A J03374-Texture Inseparable paint / coating layer included in analysis Gray/White Gray/White White Heterogeneous Brown/White White Heterogeneous Brown/White White Heterogeneous Brown/White White Heterogeneous Brown/White White Heterogeneous HA: 1 HA: 1 55% Cellulose 25% Min. Wool 55% Cellulose 25% Min. Wool 15% Cellulose 15% Cellulose 15% Cellulose 15% Cellulose 20% Non-fibrous (Other) 20% Non-fibrous (Other) 20% Ca Carbonate 80% Non-fibrous (Other) 70% Gypsum 15% Non-fibrous (Other) 20% Ca Carbonate 80% Non-fibrous (Other) 70% Gypsum 15% Non-fibrous (Other) 20% Ca Carbonate 80% Non-fibrous (Other) 70% Gypsum 15% Non-fibrous (Other) 20% Ca Carbonate 80% Non-fibrous (Other) 65% Gypsum 20% Non-fibrous (Other) 20% Ca Carbonate 80% Non-fibrous (Other) Asbestos % Type Initial report from: 04/24/ :24:49 ASB_PLM_0008_ Printed: 4/24/2018 2:24 PM Page 1 of 3

9 EMSL Analytical, Inc Yuma Street Denver, CO Tel/Fax: (303) / (303) / denverlab@emsl.com EMSL Order: Customer ID: FARM50D Customer PO: Project ID: Test Report: Asbestos Analysis of Bulk Materials via EPA 600/R-93/116 Method using Polarized Light Microscopy Non-Asbestos Sample Description Appearance % % J03374-Drywall A J03375-Texture Inseparable paint / coating layer included in analysis J03376-Cove Base J03376-Mastic A J03377-Cove Base J03377-Mastic A J03378-Floor Tile J03378-Mastic A J03379-Floor Tile J03379-Mastic A J03380-Flooring J03380-Mastic A J03381-Flooring J03381-Mastic A Cove Base Adhesive Cove Base Adhesive Cove Base Adhesive Cove Base Adhesive Floor Tile (12"x12") Floor Tile (12"x12") Floor Tile (12"x12") Floor Tile (12"x12") Sheet Vinyl Flooring Sheet Vinyl Flooring Sheet Vinyl Flooring Sheet Vinyl Flooring Brown/Pink White Heterogeneous Gray Beige Black Brown Gray Black White Black Beige Tan/Black Gray Tan/Black Heterogeneous HA: 3 HA: 3 HA: 3 HA: 3 HA: 4 HA: 4 HA: 4 HA: 4 HA: 5 HA: 5 HA: 5 HA: 5 15% Cellulose <1% Glass 45% Cellulose 20% Cellulose 65% Gypsum 20% Non-fibrous (Other) 20% Ca Carbonate 80% Non-fibrous (Other) 100% Non-fibrous (Other) 100% Non-fibrous (Other) 100% Non-fibrous (Other) 100% Non-fibrous (Other) 88% Non-fibrous (Other) 100% Non-fibrous (Other) 93% Non-fibrous (Other) 100% Non-fibrous (Other) 55% Non-fibrous (Other) 100% Non-fibrous (Other) 80% Non-fibrous (Other) 100% Non-fibrous (Other) Asbestos % Type 12% Chrysotile 7% Chrysotile Initial report from: 04/24/ :24:49 ASB_PLM_0008_ Printed: 4/24/2018 2:24 PM Page 2 of 3

10 EMSL Analytical, Inc Yuma Street Denver, CO Tel/Fax: (303) / (303) / denverlab@emsl.com EMSL Order: Customer ID: FARM50D Customer PO: Project ID: Analyst(s) Amanda Lang (12) Gentry Catlett (13) Amanda Lang, Asbestos Laboratory Manager or Other Approved Signatory EMSL maintains liability limited to cost of analysis. This report relates only to the samples reported and may not be reproduced, except in full, without written approval by EMSL. EMSL bears no responsibility for sample collection activities or analytical method limitations. Interpretation and use of test results are the responsibility of the client. This report must not be used by the client to claim product certification, approval, or endorsement by NVLAP, NIST or any agency of the federal government. Non-friable organically bound materials present a problem matrix and therefore EMSL recommends gravimetric reduction prior to analysis. Samples received in good condition unless otherwise noted. Estimated accuracy, precision and uncertainty data available upon request. Unless requested by the client, building materials manufactured with multiple layers (i.e. linoleum, wallboard, etc.) are reported as a single sample. Reporting limit is 1% Samples analyzed by EMSL Analytical, Inc. Carle Place, NY NVLAP Lab Code , CA ELAP 2339, NYS ELAP Initial report from: 04/24/ :24:49 ASB_PLM_0008_ Printed: 4/24/2018 2:24 PM Page 3 of 3

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13 700 Walnut Street, Boulder, Colorado Asbestos Report April 27, 2018 Page 6 APPENDIX III LICENSES & ACCREDITATION

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