Arbor Heights 9-Unit Townhome

Project Status Report

December 30, 2021

Overall Status: Green

Project Name: Ashworth Townhome Project
Project Team: Frank Martin, Erin Cassidy, Jon Rasnic, Kevin Proefrock
Principals: Eugene Sak, Frank Martin

Project Update:

Not much has changed here. We are still working through pre-development and buyout. Site work ceased until the mid-January which will mostly be Geotech and Civil Engineering alongside of our dirt contractor.

Status Code Legend

On Track: Project is on schedule

At Risk: Milestones missed but date intact

Off Track: Date will be missed if action is not taken

    Activity – Month Ending 12/30

    All permits have been renewed until 6/2023

    Geotech has continued to monitor site and submit reports to the City of Seattle for compliance

    Dirt Work Contractor wrapped up preliminary site work

    Bank construction loan closed, and project is now fully funded

    Upcoming Activity Preview (January 2022)

    Underground utilities and site work commencement

    Continued project team alignment & buyout

    Contracts:

    Dirtwork Contract executed

    Plumbing and Mechanical Engineering contract executed

    Electrical Engineering contract executed

    Architect contract executed as consultant for life of the project

    Change Order Log (Full Summary on File):

    None

    Open Questions:

    None