AssociatedContracting Services

STATEMENT

OF

QUALIFICATIONS

3303 Airline Blvd., Suite 1F, Portsmouth, VA 23701Office: 757-465-1440Fax: 757-465-1125

Email: info@associatedcontracting.com

A C SA C S

Associated Contracting Services, Inc.

Established in 1980, Associated Contracting Services is a general contracting concern emphasizingsuperior customer service and quality workmanship. Under the direction of its president, J. KennethJolley, ACS has evolved into an innovative leader in the area of New Urban Development in theHampton Roads area. The company has provided quality-housing solutions for local HousingAuthorities and progressive ideas to revitalize communities. Along with their development work theyhave expanded construction operations to include design/build capabilities that ensure the customerreceives the quality and service originally envisioned byMr. Jolley.

The staff at ACS follows the leadership of Mr. Jolley in providing individual customer support. TheCompany’s Customer Service Department is committed to responding quickly and professionally toeach client, resolving any perceived warranty problems as quickly and satisfactorily as possible. TheCompany’s project management staff understands the importance of timely production schedulesand good communication with the client. Staff members use Value Engineering methods, newtechnologies and innovative materials to improve customers’ projects and provide a quality productin a timely manner. This commitment to the customer has resulted in a long list of satisfied ACSclients.

ACS’s ability to adapt quickly to the ever-changing environment in the development and constructionindustry has made the Company a leader in developing innovative projects and quality construction.ACS is continuing to expand and improve their infrastructure and uses new and emerging tech-nologies to successfully meet the needs of their clients. But along with its investment in infrastructure,ACS is committed to investing in its people. The Company operates under the philosophy thatsatisfied customers are the result of an empowered and satisfied staff. Associates are expected todemonstrate a “can-do” attitude and be willing go the extra mile to meet client’s needs. ACS’sstandard of excellence is demonstrated by its personalized service and willingness to really listen to itscustomers.

A C SA C S

Development TeamJ. Kenneth JolleyPresident and Managing Principal

Mr. Jolley began his career in the construction industry working for Boyette & Company Builders. Heestablished ACS in 1980 to provide quality products supported by excellent customer service. Since itsinception, the company has grown to over 20 employees. With over 30 years experience, Mr. Jolley’s innovativework in the urban housing arena has made him a leader in the Hampton Roads area. His strong commitment tocustomer service excellence is evidenced by the personal involvement and interest he takes in every projectundertaken by ACS. Mr. Jolley recently served as President of the Portsmouth Partnership, and is currently onthe Board of Directors, and is actively involved in the redevelopment of downtown Portsmouth.

Gary J. Haste, P.E.Director of Development

Gary has served as Director of Engineering and as a project manager for several regional civil engineering designfirms. His experience extends to the fields of sewage collection and treatment, water supply and distribution,storm water management, site development and roadway design. He is qualified in all phases of residential,industrial, and commercial design and development as well as public infrastructure improvements to serve entiredevelopment districts. His current responsibilities include: coordination and design of commercial, industrial,single family and multifamily site developments, and public/private projects for municipal and institutional use.overall coordination of activities with clients, subcontractors, attorneys, reviewing agencies, and our staff toachieve successful completion of projects; preparing and participating in presentations to clients and publicbodies; implementing quality assurance and control measures on assigned projects; and participating in marketingand business development activities of the firm. Gary has qualified as an expert witness.

Joel E. KetchumVice President, Director of Construction

Mr. Ketchum has over 31 years of hands-on experience working in all aspects of commercial and residentialconstruction. Joe brought his extensive field knowledge to the estimating department at ACS in 1997. Hisresponsibilities include coordination of all field construction activities, superintendents, and subcontractors forindividual homes as well as development of entire multi family/multi-unit communities. His work in this areahas significantly contributed to ACS’ recent success in the design build arena. His tireless efforts to continuebuilding an excellent subcontractor base resulted in Joe being named the ACS Employee of the Year for 2002.

John T. YarboroughGeneral Superintendent

John has over 38 years of construction experience working in all aspects of commercial and residentialconstruction. John joined ACS in 2007. He has held positions ranging across all aspects of the constructionindustry, including on site supervisor of a small specialty subcontractor, Project Management with a largeGeneral Contractor, to owning and operating his own custom homebuilding firm. He has been responsible forfield operations, multiple crew management, project scheduling, material submittals, project safety, estimating,and purchasing. Current responsibilities include management of commercial construction activities.

A C SA C S

Corporate Information

Date Established: 1980

State of Incorporation: Virginia

Registered Agent: Jerry M. Wright3300 Tyre Neck RoadPortsmouth, VA. 23703

Accountant: Barnes, Cornwell & Heilman, LPC860 Greenbriar CircleSuite 404 Tower IIChesapeake, VA(757) 961-5017

Dun & Bradstreet Listing: #80-671-1537

President: James Kenneth Jolley1612 Moores Point RoadSuffolk, VA 23436

Classification: General Contractor Class “A” 029981

Federal Tax ID: 54-1584118

Business & Mailing Address: 3303Airline Blvd. Suite 1FPortsmouth, VA 23701

Phone Numbers: Office (757) 465-1440Fax (757) 465-1125

E-MailAddress: info@associatedcontracting.com A C S

A C SA C S

Corporate ReferencesACS is on the Preferred Bidders List for the following Agencies, and works with the followinglending institutions.

Norfolk Redevelopment & HousingAuthorityP.O. Box 968Norfolk, VA 23501(757) 623-1111

Portsmouth Redevelopment & HousingAuthority339 High StreetPortsmouth, VA 23705(757) 399-5261

Chesapeake Redevelopment & HousingAuthority2133 Smith AvenueChesapeake, VA 23320(757) 523-0401

Newport News Housing & Redevelopment

227 27th StreetNewport News, VA 23607(757) 928-2646

Towne Bank200 High StreetPortsmouth, VA 23704

Edward C. EavesExecutive Vice President(757) 391-3516

Cornerstone Housing, LLC5950 Symphony Woods Drive Suite 300Columbia, MD 21044(410)884-3410

Parkway Realty Services860 Greenbrier Circle, Suite #408Chesapeake, VA 23320(757) 361-9410

PlumbLine Ministries1400 E. Brambleton Ave.Norfolk, VA 23504(757) 640-8378

Friends of the Homeless

1600 25th StreetNewport News, VA.23607(757) 928-0012

BB & T500 Crawford StreetPortsmouth, VA 23704Don Parnell

(757) 823-7820

A C SA C S

Trade References

John E. Hall Electric3303Airline Blvd., Suite #1APortsmouth, VA23701(757) 465-1658Contact: John Hall

Stock Building Supply1050 Berkley Ave.Norfolk, VA 23523(757) 543-6836Contact: Sherry Hess

Evan C. Hibbs Plumbing957 Chautauqua Ave.Portsmouth, VA 23707(757) 393-7401Contact: Evan C. Hibbs

Cherry Carpet2915 London Blvd.Portsmouth, VA.23704(757) 397-5811Contact: DennisPalmer

Andrews Roofing Company, Inc.757 Mt. Vernon Ave.Portsmouth, VA 23707(757) 399-3066Contact: Bob Andrews

Revere Building Products1431 Baker RoadVirginia Beach, VA 23455(757) 464-1962

ProBuild/ContractorYard404 Greentree RoadChesapeake, VA 23320(757) 543-1532Contact:AndyHubble

Thomasson Enterprises3403 Clifford StreetPortsmouth, VA 23707(757) 398-1820Contact:Dean Thomasson

A C SA C S

Commercial and Residential Experience

A C SA C S

Churchland Psychiatric Associates

3300 AcademyVA

Developer: Churchland PsychiatricAssociatesContact: Dr. Kenneth LovkoPhone: 398-2370

This is a 10,000 SF Medical OfficeBuilding, with parking and siteimprovements, developed as aDesign/Build project for the owner.

A C SA C S

Airline Business Park

3303 Airline Boulevard, Portsmouth, VA

Developer: Commercial BuildingAssociatesContact: John E. HallPhone: (757)465-1658

This is a 15-acre mixed-use development, consisting of six multi-tenant condominium stylebuildings totaling 130,000 SF, and a separate mini-storage facility, all with required siteimprovements. All six of the condominium buildings were constructed by ACS, some for saleor rent to meet an owner’s specific use requirements, such as loading docks, or showroomspace.

Major Tenants include: Portsmouth Social Security

Administration Office, 11,000 SF Zoots Regional Drycleaning Facility Virginian Pilot Distribution Center Eastern Shore Ambulance Service John E. Hall Electrical Contractor Grubb Printing Company Associated Contracting Services

A C SA C S

Probation and Parole Office

2506 Warwick Boulevard, Newport News, VA

Developer: NNPP, LLCContact: J. Kenneth JolleyPhone: (757)465-1440

This 13,300 SF building and related parking and site improvements is a Design Build projectfor the Virginia Department of Corrections to relocate their Newport News facilities. Projectrequirements included additional access and security measures and special interior featuresand finishes for the unique nature of the end user.

A C SA C S

Starbucks

361 Effingham Street, Portsmouth, VA

This development, which includes an 1,850 SF retail store with all parking and siteimprovements, is a Design/Build project for lease to Starbucks Corporation. It is designed ona small infill lot in Downtown Portsmouth, and will be built in conjunction with a four unitcondominium with shared site access and parking. Anticipated completion date is May, 2008.

A C SA C S

Bridge Point Commons

ACS is developing and providing management services for this 45 acre Mixed UseDevelopment located in the busy Isle of Wight Route 17 Corridor. It is designed to fill theneed for quality commercial space and affordable rental housing in the northern part of theCounty. The development also has to meet specific design requirements as required by theCounty’s Comprehensive Plan and the recently adopted Route 17 Master Plan. The project iscurrently going through the regulatory review process and is anticipated to start construction inthe 2nd quarter, 2009.

A C SA C S

Norfolk Redevelopment & Housing AuthorityWestchurch Development

Funding: HUD “Home” Block Grant, CIP, HOPE VI

Norfolk Redevelopment & HousingAuthority Project Manager: Ms. Gayle BlackstonePhone: (757) 533-4688

Project Description: NRHA developed infrastructure, lots assigned to contractors for

development.

A C SA C S

Norfolk Redevelopment & HousingAuthority Huntersville II Redevelopment

Church Street and Washington Avenue, Norfolk, VA

Norfolk Redevelopment & HousingAuthority Project Manager: Ms. Gayle BlackstonePhone: (757) 533-4688

Project Description: Development of 27 townhomes in the Huntersville/Church StreetCorridor, requiring environmental remediation measures on the site andon several of the building structures. ACS is managing the onsitedevelopment and will build half of the townhomes for sale. The homeswill be built utilizing green building techniques, and will include marketrate units, as well as low/moderate income units.

A C SA C S

Newport News Redevelopment & HousingAuthority

“HOME” Program

Funding: HUD “Home” Block Grant

NNRHA Contact: Mr. Derek KahnPhone: (757) 435-3455

Project Description: 10 Single family homes @ various in-fills sites

A C SA C S

Plumbline Ministries501(c) 3 – Affordable Housing Project

Developer: Plumbline Ministries

Funding: HUD “Home” Block Grant

Plumbline Project Manager: Mr. George Brown, Jr.Phone: (757) 557-5454

Project Description: Continuous in-fill construction of single family homes inand around East Brambleton.

A C SA C S

Ida Barbour / Westbury /Jeffry WilsonHOPE VI Projects

Developer: Cornerstone HousingL.L.C.

Funding: PRHA / Hope VI Grant

PRHAContact: Ms. Kathy WarrenPhone: (757) 399-5261

Project Description: Two separate Hope VI Grant housing developments in Portsmouth, VA.,totaling approximately $75 million, mixed multifamily and single familyhousing. ACS has completed 248 single family, duplex, and attachedhousing units, with a new phase of 105 detached ownership units to start in 2008.ACS’s responsibilities in the new phase will include the site development activities aswellasthenewhomeconstruction.

A C SA C S

Norfolk Redevelopment & HousingAuthority West Brambleton Arch

Funding: CIP Funds

Norfolk Redevelopment & HousingAuthority Project Manager: Mr. CalvinAlperinPhone: (757) 533-4686

Project Description: NRHA developed infrastructure, lots assigned to contractors for

development. Houses were market rate sales.

A C SA C S

Evergreen Acres

Developer: Main Street Baptist501 (c) 3 & EvergreenAcres Smithfield, LLC

Funding: CBDG & “Home” BlockGrants, private funding, andVHDA tax credit financing

Contact: James BrownPhone: (757) 871-0786

Acacia Circle and Cedar Street, Smithfield, VA

Project Description: Development of 31 duplex and attached lots, with a 56 unit SeniorsApartment building.

A C SA C S

Commercial Construction ProjectsAirline Business ParkPortsmouth, VA

Social SecurityAdministrationPortsmouth, VA

Zoots CleanersPortsmouth, VA

Western Branch PropertiesChesapeake, VA 23321

Coney Island FamilyArcadeVABeach, VA

U-LOC-IT Mini StoragePortsmouth,VA

Boyette Professional BuildingPortsmouth,VA

Boat Storage Facility @ Dry-dock 8Norfolk Naval ShipyardPortsmouth,VA

Franks Trucking CenterRenovations/Truck WashChesapeake, VA

Bldg. 757, 1st Squadron Pilots QuartersLangleyAir Force BaseHampton, VA

Probation and Parole BuildingDepartment of CorrectionsNewport News, VA

Starbucks StorePortsmouth, VA

Bentwood Veterinary HospitalChesapeake, VA

N.I.L.D. Discovery CenterNorfolk, VA

MDM PropertiesPortsmouth, VA

Churchland Psychiatric CenterPortsmouth, VA

White Wilson & AssociatesChesapeake, VA

Portsmouth Day Support CenterPortsmouth, VA

Social SecurityAdministrationLynchburg,VA

Social SecurityAdministrationFarmville,VA

Alexander Baptist ChurchChesapeake, VA

Hair Club for MenChesapeake, VA

Old REVCOBuildingPortsmouthVA

Wynn’s Seafood RestaurantPortsmouth, VA

A C SA C S

Community Service Projects

We are proud to highlight our team and their commitment to the Community;Our Suppliers and Subcontractors “answer the call” every time.

This dedicated group has provided their time and resources to our goals of reinvesting in ourcommunities.

Andrews Roofing Tidewater InsulatorsCoastal Lighting and Supply Contractor Yard / ChesapeakeCurrin Masonry Custom Marble ConceptsDave's Cabinets, Inc. D. K. Brinn PaintingsDD&B Interior Trim Door Enterprises, Inc.Evan C Hibbs, Inc. KS LeeJohn E. Hall Electrical, Inc. Evan Hibbs PlumbingVirginia Wall Systems, Inc. Cherry CarpetsCapital Concrete Winn Nursery

A C SA C S

5

Habitat for Humanity 20085016 Huntersville Place, Suffolk, VA

ACS acted as developer and owner of this Sixteen Lot Subdivision through a sistercompany, HDG, LLC and as builder with fourteen other premier builders and adedicated team of volunteers to build sixteen new homes in five days!This project would not have been possible without the support both financially and withthe close working relationship with the City staff. This was the largest build for Habitatfor Humanity in 2008; a tribute to what a team effort can achieve.

A C SA C S

Habitat for Humanity – Builders Blitz 20061241 Centre Avenue, Portsmouth, VA

Ten new homes built in five days. ACS, along with seven other premierHome Builders and one dedicated group of volunteers.

Our ten homes were built on in-fill urban lots in the Prentis Park section of Portsmouth. Thiswas the first new construction in this neighborhood in more than Thirty years; now more thantwenty home starts have followed.

A C SA C S

s

St. Jude Dream Home 20083739 East Ocean View AvenueNorfolk, VA

In 2008, ACS was selected by St. Jude’s Children’s Hospital in Memphis, Tennessee, forthe prestigeous homor of builder for their “Dream Home” fund raising event.Our team of dedicated employees and Subcontractors provided a 3,800 sq. ft., two-storyhome with a view of the Chesapeake Bay, in Norfolk.

We are proud to have helped raise over $980,000 for St. Judes Research Hospital.

A C SA C S

.

Minority-Owned ContractorsThe following firms are qualified MBEs and WBEs and small businesses on the ACSsolicitation list.

GENERAL CONTRACTING SERVICESF & J GENERAL CONTRACTORS, LLCOWNER: FLORENCE AND JOHN YARBOROUGH, SR.4015 KILLIAM AVENUENORFOLK, VA 23508757-423-5000

PAINTINGGOODSON CONTRACTINGOWNER: NORTHINGTON GOODSON1605 STONE MOSS REACHUNIT ACHESAPEAKE, VIRGINIA 23320757-531-5394

FRAMINGKEY MAN GENERAL, LLC.OWNER: OSCAR LISSA201 EAST CITY HALL AVENUENORFOLK, VA 23510757-457-8383

SIDING4 CLOVERS CONSTRUCTION, INC.888 SHEILA CIRCLENEWPORT NEWS, VA 23608757-369-9471

HARDIE SIDING/CORNICEKS LEE, INC.513 RICHTER LANEYORKTOWN, VA 23693757-599-8327

PAINTING/INTERIOR TRIM WORKD.K. BRINN PAINTINGSOWNER: DEBORAH K BRINN1053 CHATTANOOGA ST.CHESAPEAKE, VA 23322757-469-6628

A C SA C S

CONCRETE WORKW. M. HECKSTALL509 YORK STREETELIZABETH CITY, NC 27907757-592-5757

JANITORIAL SERVICESMS CLEAN SERVICES, INC.2112 OAKLAWN COURTVIRGINIA BEACH, VA 23454757-635-2011

JANITORIAL SERVICESSIMPSON’S JANITORIAL SERVICESOWNER: CHARLIE SIMPSON2120 ALLISON DRIVECHESAPEAKE, VA 23325757- 455-0638 – PAGER

UNITED PEST CONTROLWOMAN-OWNED2807 BUILD AMERICA DRIVEHAMPTON, VA 23666757- 838-0118

A C SA C S

Minority Business Participation Plan

Associated Contracting Services, Inc. is an Equal Opportunity Employer and does notdiscriminate on the basis of sex, race, color, religion, creed, age, national origin, ancestry,pregnancy, marital status or parental status, sexual orientation, or disability in theperformance of its work, including hiring and subcontracting procedures. ACS operates incompliance with Executive Order 11246, as amended by Executive Orders 11375, 11478,and 12086.

ACS’s policy is to ensure that Minority Business Enterprises (“MBEs”) and Women-OwnedBusiness Enterprises (“WBEs”) participate, to the extent feasible, in all contractsadministered directly or indirectly by ACS. ACS utilizes its good faith efforts to implement thefollowing steps in order to assure that whenever appropriate, subcontracts in connection withthe Contract Documents are awarded to MBEs and WBEs:

(a) Placing qualified MBEs and WBEs and small businesses on solicitationlist;

(b) Dividing the total requirements when economically feasible, intosmaller task or quantities to permit maximum participation by MBEsand WBEs and small business;

(c) Establishing delivery schedules where possible, is a manner whichencourages participation by MBEs, WBEs and small businesses; and

(d) Using the services and assistance of U.S. Small BusinessAdministration, the Minority Business Development Agency of the U.S.Department of Commerce, any local minority assistance organizationsand various state and local government small business agencies.

CONTRACTOR:

ASSOCIATED CONTRACTING SERVICES, INC.3303 Airline Boulevard, Suite 1FPortsmouth, Virginia 23701

DATE: January 1, 2009