Fractional Dutch Auctions of Commercial Income-Producing Real Estate Properties - TIC Plan Ownership Syndications

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Due Diligence Documentation "Exhibit E-17"

MEP Engineer's Report & Approvals

The following notes are provided pertaining to this exhibit:

  1. What: the MEP Engineer reviews the architectural designs to determine if the foundation and load-bearing structures can support the building without placing these structural systems at risk of failing.

  2. When: during the pre-construction phase once the market feasibility study (see Exhibit F-3), the pro forma financial presentation (see Exhibit F-5), site plan draft (see Exhibit E-5), conceptual architectural drawings, the Design/Builder has been retained (see Exhibit C-3) and the Schematic Phase Architectural (see Exhibit E-4) have been completed.

  3. Why: the Project MEP Engineer is the only provider legally capable of designing the project's mechanical, electrical and plumbing systems.  Every to-be-built real estate project must (by law) have its architectural designs reviewed and stamped by the MEP Engineer of record.

  4. Where: the work is undertaken at the MEP Engineer's offices and copies of reports and recommendations are kept by the Design/Builder and Project Architect.

  5. How: as drawings pertaining to the project's design and vertical skeleton are created by the Project Architect, these are reviewed by the MEP Engineer under the authority of the Design/Builder.

  6. What's important: all MEP systems to be built must have the MEP Engineer's stamp on the drawing sets that demonstrate the MEP systems designs have been properly reviewed and approved.

  7. For projects that do not entail any new construction that is materially significant, this exhibit is not required.

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