b. Acknowledge receipt of Robert D. Johnson building inspection and confirm purchase offer

Robert D Johnson Building Page 2 2023 Building Inspection OVERALL IMPRESSION: The maintenance on this building has been good. The building is in relatively good condition for its age with future maintenance required and updating, as with all buildings, to be ongoing. Rating Descriptions: 1 = Poor Urgent needs to be completed within one or two years if possible to correct problem, eliminate damaging deterioration or code compliance. 2 = Fair Potential urgent deficiencies, which if not corrected in 2-5 years will become urgent need. 3 = Average Demonstrates wear or aging consistent with life expectancy. Plans for near term repair or replacement should be considered but not critical. 4 = Good Meeting expectations. Some action may be required to maintain performance. No significant repair or replacement in near future. 5 = Very Good New or nearly new condition meeting all expectations. Building Condition Report Exterior: Brick and Stonework, Photos A1-A12 Rating: 4 Material: Brick and Stone banding. Condition: Good Notes: 1. Overall the exterior finishes are in good condition with no major cracking or failures that may be indicative of hidden structural issues. 2. There are various locations around the building where the mortar has deteriorated to the point of needing repair, especially along the parapets, window sills and chimney. Openings in the mortar allow moisture to infiltrate the walls that could lead to further wall deterioration and interior finish damage. Recommend a 100% building cleaning and tuckpointing equating to about 10%-15% of entire building elevation. 3. Caulking at the head joints at the stone cap along the top of the roof parapet has pulled away from surfaces and should be replaced. 4. The mortar at the head joints of the stone banding is missing or deteriorated in the majority of locations allowing moisture to infiltrate the wall system. These should be replaced with flexible sealant.