The College of The Bahamas

REQUEST FOR PROPOSAL

To design, build and operate

THE RESIDENCE HALLS

for
THE COLLEGE OF THE BAHAMAS
Nassau, The Bahamas

INDEX

Executive Summary

Introduction

Introducing The Team

Sustainable Building Development

The Team

The Work Process: Scope of Services

The Design

Schematic Plans & Project Schedule

Operations Plan and Financial Package

EXECUTIVE SUMMARY
CFAL are pleased with the opportunity to present this proposal for our professional development services. We understand it is your goal to seek a developer to finance,
design, construct and operate the proposed student residence. CFAL will be responsible for an efficient design that complies with the colleges view of providing educational
and living facilities that are accessible and affordable. CFAL proposes to work with the college and selected design, construction and operations consultants in order to
obtain the colleges objective of creating a halls of residence facility and to establish the unique vision for the overall project, ensuring the short and long-term vitality of this
unique development. The goal of our proposed work plan is to position this student residence as the regions most complete, a place that defines the spirit of the country,
and most importantly the sense of place unique to C.O.B.

The preliminary program for this project will include:

120 parking on bays around the building

A 932-1000 bed facility (depending on the number and configuration of beds in each room) that allows for a variety of room / housing unit types.
A centralized fitness center for students
A centralized cafeteria and dining hall to seat 200 students and residents of the facilities
Retail area- provisions for food service, tuck shop, and convenience store
Communal facilities computer lab, study room, recreational room and laundry.
Onsite storage facility student storage during breaks.
Support areas administrative, residential advisor and maintenance support offices on the premises.

In the following pages, we outline and describe in detail how we envision our solution to your RFP. We believe that this process is fundamental to our mutual success in this
project. This is accomplished through a series of interactive and collaborative review workshops in which stakeholders, designers and consultants work together to refine
the design proposals to meet and exceed both the financial and aesthetic goals set forth for the project. This is a staged process with appropriate milestones; beginning
with this initial offer, followed by review workshops and concluding with a final presentation and financial package. The development team has followed a partnership
approach to this. We are very excited to have a specialist residence operator/ consulting company from the United States named Campus Advantage, they bring to this team
the very latest thinking in campus management and student accommodation.
Campus Advantage prides itself in being a valued partner to institutions, thereby creating a seamless experience for students. The residential experience is a critical component
of a students experience at his or her institution. Through a collaborative and strategic approach to communications and operations with our partner institutions, Campus
Advantage consistently produces results that align with the desired institutional outcomes and most importantly provide the student an exemplary tertiary education
experience.
Students First is the Campus Advantage residence life program focused on achieving its mission, vision and purpose through daily interactions with its residents built
around creating successful living, learning and career experiences. From social events to resume workshops, academic success seminars to soft skills and employability
training courses, residents at Campus Advantage communities will have the opportunities and resources they need and desire to succeed. A purposeful and exciting
calendar of events will engage, challenge and equip them to be successful both now and in the future, all while having fun at the same time,

Project Objectives

Create an overall and comprehensive plan for the residences.


Achieve consensus on the architectural character, scale, typology, and density of the proposed improvements.


Create a unique sense of place by providing for distinctive and culturally authentic architecture while preserving and enhancing the natural amenities of
the property.


Create a financially attractive solution for both the financing and operations of the facility, ensuring a feasible project and affordable to all.


Provide a suitable technological solution for both optimizing construction and ongoing operational budgets.

INTRODUCING THE TEAM

Defining investment in the Bahamas; As one of the largest Bahamian financial services group in the Bahamas, CFAL offers
clients a wide range of expertise that allows us to evaluate and develop this project holistically from multiple perspectives
and disciplines.
Each project CFAL undertakes reflects our passion and respect for the natural environment of the Bahamas. We are deeply
committed to the preservation of the islands and the sustainability of the planet as a whole, and this has led us to integrate
green architecture as a benchmark standard going forward with this project.
Individually and collectively, we are committed to helping COB actualize their project goals:
Interpret and clarify visions - through total client involvement
Fulfill dreams - through innovative and creative design solutions
Produce responsible projects - by celebrating the environment
Ensure smooth-flowing projects - with proper project management
Reduce costs and maximize profits - by utilizing our construction expertise
Determine optimum financial solution - by in-depth analysis and feasibility studies paired with creative financial thinking.
Introduce the right team players - by tapping into our established industry contacts

SUSTAINABLE BUILDING DEVELOPMENT

The team has a strong commitment to responsible environmental stewardship. By observing the USGBC LEED
Program and other systems of green building certification, we can incorporate innovative design and environmental
principles to achieve a triple effect on the bottom line: increased profits, increased ecological awareness, and
increased health of guests and staff. Energy efficiency and use of technologies, for instance insulated wall systems
can reduce the burden on local utilities. Whilst this proposal does not include for solar or wind energy nor the
capturing of rainwater and the treatment of site grey water which would increase self-sufficiency, and further

reduce the burden on local supplies we could revisit these initiatives at a future date together with the College.
Careful attention to building sitting and orientation, choice of construction materials and control of waste can
reduce the negative impact of human intervention. Application of these and other concepts will allow the project
to both minimize the detrimental aspects of construction and increase greatly the long-term life cycle costs.
Alexiou and Associates our Architects are the very rst rm to design a LEED-specied building in the Bahamas, and
we seek to endow this project with the benefits from the physical and economic benets of healthy environmental
stewardship.

THE PROFESSIONAL TEAM

Colina Financial Advisors Ltd.s (CFAL) role in the development of this project will be to act as financiers. The process
will begin with the development of a Special Purpose Vehicle (SPV) which will be responsible for the building,
maintaining, and operating of the dormitories for the College of the Bahamas (C.O.B). CFAL will partner with
SuperClubs Resort, Alexiou & Associates Ltd. and Sunco Builders & Developers Ltd. After the company has been
incorporated and if chosen by C.O.Bs Board of Directors, the SPV team will work extensively with COBs team to
make any necessary adjustments to the project.

After all the information has been finalized, an agreement will be signed between the COB and the SPV. Included
within this agreement will be a letter of comfort from The Bahamas Government guaranteeing that all payments
are made in a timely manner and in full so that investors are fully reimbursed for their investment. The method of
financing the project and the full scope of the relationships between both entities will also be included.

Following the signing of the agreement, a Private Placement Memorandum through CFAL will be issued to the
public to raise the necessary capital to fund the project. The funds will be raised in the form of a bond with a maturity
ranging from 20-30 years with interest rates ranging from 6.50%-7.50%. The total amount that will be raised will
be based on the amount that it takes to build the dormitory, maintain it, and enough working capital to keep the
dormitory afloat until it is capable of being self sustaining.

Finally, after all agreements have been made and the necessary amount of capital has been raised, then the money
will be used to start the building process based on the timeline stated in the RFP. Please see attached term sheet and
financial model for more detail.

Collaboate | Innovate | Build

Sunco Builders & Developers was founded in 1977 by Emmanuel
C Alexiou, a Civil Engineer, on the principles of collaboration and
innovation. His scientific approach to each project has seen Sunco
successfully grow from its birth into a leader in construction in The
Bahamas.
Sunco have always been eager to embrace new construction methods
and technologies. Mr Alexiou was among the first in The Bahamas
to use modular, multi-use forming systems and coordinated and led
the use of prefabricated modular accommodation. Sunco have helped
pioneer the use of Insulated Concrete Forms (ICF) in The Bahamas
including being the first to obtain approval for and build more than
2 storeys with an ICF system. This desire to innovate has served to
enhance Suncos goal of adding value to every project.
With an in-house plant division, Sunco have instant access to cranes,
piling equipment, excavating equipment, concrete pumps and a barge
for marine work.
Sunco are experienced in new build, refurbishment and fit-out across
all sectors including commercial, education, Government, retail,
health, residential and industrial.

About Sunco
Sunco Builders & Developers Ltd is a privately owned Bahamian company
offering complete construction and development services. Sunco have
successfully built multi-storey commercial buildings, luxury apartments/
condominiums, private residences, marinas, resorts and hotels throughout
the Islands of The Bahamas.
Offering both pre-construction and construction services Sunco can
help you with your project from inception to completion. Utilizing our
experienced and professional staff of Engineers, Quantity Surveyors and
Project Managers, Sunco will work as your construction partner to deliver
the project on time and within budget.
Please navigate this site to learn more about Sunco and the services we
offer.

Our Services
Pre-Construction Services
Initial consultation to establish client needs
Feasibility studies
Outline and detailed budget development
Value engineering
Site selection
Assembling a design team
Obtaining permits

Construction Services
General Contracting
Project Management
Construction Management
Development
Piling services (driven and auger cast)
Plant hire

History & Overview

The Campus Advantage mission is to lead the world in creating financially successful communities that excel in
providing rewarding living, learning and career experiences. The company envisions a world where more people are
living successful and enriched lives and the teams purpose is to serve and inspire employees and residents to achieve
their full potential. Campus Advantage was formed in 2003 by Mike Peter and Michael Hanley who each have over
20 years of experience in student housing. The company has extensive experience working in a public institution
environment and many of the senior leadership team members have previous experience serving as former Deans of
Students, Resident Assistants, Resident Directors or Housing Administrators.
Campus Advantages core values are integrity, intelligence, passion and mojo. (Mojo is how the dynamic company
culture is described). The Campus Advantage team is devoted to providing student housing that is hassle free, greatvalue and fun. Additionally, Campus Advantage participates in industry associations that are dominated by public
institutions. This includes presenting at national conferences, such as the Association of College and University Housing
Officers (ACUHO), and the National Association of College & University Business Officers (NACUBO). Also, Campus
Advantage is a member of many private associations and sits on committees and boards of those organizations.
The CA team brings a combined 250 years of experience in on and off campus housing from across the world. The
Senior Vice President of Residence Life, Dan Oltersdorf, worked on-campus at multiple institutions and received a
masters in Higher Education Administration. He also founded ResidentAssistant.com, a residence life resource utilized
by most on-campus student housing departments, is the co-author of two books for student leaders, and continues to
serve in training and consulting role with a number of different institutions and at regional and national conferences.
With this background, Mr. Oltersdorf created the Campus Advantage Students First Residence Life Program in 2003.

Students First can be broken down into a 4P model below:

The People

Campus Advantage knows that their employees are the most important factor when delivering high quality service
and operations, so they place a strong emphasis on the recruiting, selection, training and ongoing development of the
team. From the General Managers to the Community Assistant student staff, the team understands that they are the
experience experts, tasked with making the lives of the residents better on a daily basis by asking Have I made you
more successful today?
Our Students First program is championed and supported by a dedicated department of Campus Advantage. The
Residence Life team is made up of individuals with decades of combined student housing experience, both on- and
off-campus, and an unmatched passion to make a difference.

The Process

Partnership Approach

Campus Advantage prides itself in being a valued partner to institutions, thereby creating a seamless experience for
students. The residential experience is a critical component of a students experience at his or her institution. Through
a collaborative and strategic approach to communications and operations with our partner institutions, Campus
Advantage consistently produces results that align with the desired institutional outcomes.

Campus Advantage knows students. Their proven approach is based upon years of experience and current research
along with ongoing assessment of resident needs, interests and opinions. Before residents ever move in, they receive
a Customize Your Experience survey that the team utilizes as they plan events. Campus Advantage does ongoing
assessments and makes adjustments during the year based on the feedback they get from residents. By taking a flexible
approach driven by proven methods, the resident experiences continue to improve.

Residence Life Platform

The Partners

What is Students First?

Students First is the Campus Advantage residence life program focused on achieving its mission, vision and purpose
through daily interactions with its residents built around creating successful living, learning and career experiences.
From social events to resume workshops, academic success seminars to soft skills and employability training courses,
residents at Campus Advantage communities will have the opportunities and resources they need and desire to succeed.
A purposeful and exciting calendar of events will engage, challenge and equip them to be successful both now and in
the future, all while having fun at the same time,

Campus Advantage residents benefit from numerous companies and organizations that have been chosen to partner
in delivering Students First. From philanthropic organizations to international experts on student success, Campus
Advantage brings together the resources needed for student success.

The Plan

To align with Campus Advantages mission of providing experiences, they have created
the Students First event model to reflect this focus. Monthly programming is based on
creating experiences for their residents: Living Experiences, Learning Experiences and
Career Experiences.

Living Experiences
Living experiences celebrate this very crucial and exciting time in residents lives: their college years. Events in this
category are dedicated to building friendships, defining successful lifestyles, and playing an active role in the development
of their lives of themselves, their friends, the community and the world.

Learning Experiences
Learning experiences represent why residents are in college: to obtain knowledge and get a degree. Events in this
category are dedicated to academic success, learning important and interesting life skills, and understanding wide
variety of perspectives and people that they will encounter throughout their lives.

Career Experiences
Career experiences embrace the ultimate goal for residents: to get a job and find success in life. Events in this category
are dedicated to soft skills training, taking steps towards employment, and achieving general success both now and in
the future.

The Community Assistant

While every level of employee at a Campus Advantage property is designed to serve our students, our Community
Assistants are the front-line of building community and relationships with our residents. They achieve this through
providing excellent customer service, open communication, and genuine care for connecting their residents to success.
These highly valued student employees are the face of the community, and of the company, that will remain in the
positive memories that residents share during and after college.
An extensive recruitment and selection process is conducted to find the best team of Community Assistants possible.
Candidates are recruited through a national marketing campaign and website, as well as by reaching out to campus
faculty, staff and club/organization leaders to help identify strong student leaders. Once applied, candidates will go
through a group interview process, for which they will be observed during group activities for skill levels in leadership,
teamwork, problem solving and inclusivity. Those who make it beyond the group interview will be given individual
interviews with property managers to determine their qualifications and best fit for the team and needs of the community
population.
Once hired, Community Assistants are provided extensive online and in-person team and individual training throughout
the year to ensure their knowledge and success. Our specially designed courses and training workbooks review all areas
of the position, including resident interaction standards, event planning, roommate mediation, policy enforcement,
emergency procedures and identifying and assisting residents with emotional needs.
In their primary responsibility of building community, Community Assistants are assigned a specific zone within
the community for which they are directly responsible. Even before move-in, Community Assistants are learning
the names of their zone residents and preparing their rooms to welcome them as they arrive. Once theyve moved in,
Community Assistants will host monthly programs and events that align with our Students First event model. Regular
follow-up and conversations with residents is expected to ensure their well-being throughout the year. Community
Assistants will also serve on a rotating on-call schedule to ensure that policies are being enforced and residents have
assistance 24 hours a day.
Depending upon the goals and desired outcomes of the institution, Campus Advantage will also work with various
stakeholders to create more formalized living-learning communities or other academic success initiatives to augment

the developmental component of our programming that is already in place. Through our extensive background in
on and off campus housing, our desire to work with on campus housing offices, and our customized residence life
programming, Campus Advantage is able to cohesively join private and public interests and increase the student interest
and engagement at on-campus housing.

Consulting
Campus Advantage Consulting has conducted over 200 professional consulting engagements with clients ranging from
universities and colleges to large national developers and investment banks. Our services include student housing
demand studies, market analyses and project feasibility studies, financial analysis and planning, facilities analyses, design
consulting, operational assessments and acquisition due diligence, and are backed by Campus Advantages operational
experience of over 26,000 student housing beds. Clients commonly use these detailed reports for specific guidance on
project feasibility, target student demographics, unit types, amenities and operating expenses.

Facilities
Campus Advantages Senior Vice President of Facilities, Michael Hanley, also helped form the company in 2003. The
Facilities team provides corporate oversight and support for all on-site Maintenance Supervisors, including frequent site
visits, bi-weekly support calls and detailed preventative maintenance plans. Michael and his team managed over $16M
in capital expenditures during the last twelve months, including projects ranging from roof replacements to clubhouse
renovations.
Campus Advantage has published numerous facilities related policies and procedures to ensure the asset is maintained
and properly cared for by the office staff and maintenance team. The following policies and procedures are attached for
reference.

Emergency Preparedness and Response Plan

Preventative Maintenance Program
Preventative Maintenance Checklist

Lease Administration
Campus Advantage properties typically structure their leases for 9 months or 12 months based on the academic year.
If a student is under 18 years of age, the students parent will sign the lease with the student as a co-applicant. Campus
Advantage properties lease a majority of their leases online with electronic signatures for the student and parent.

Accomplishments

Top 10 Third-Party Student Housing Manager

Industry Leading Student Housing Consultants
Extensive Experience with Similar On-Campus Projects
Students First Residence Life Program
CATALYST Affiliated Marketing & Design Firm
Highest Resident Retention Rate (47%) in the Industry
The Largest Student Housing Provider Utilizing Revenue Management Software

On-Campus Projects
Beacon Hall:

Campus Advantage provided George Mason University administrators with development & financing consulting,
design review, market analysis and management plan development for graduate student housing located at their
Prince William Campus in Manassas, VA. Campus Advantage also provided support regarding new housing policies,
procedures and residence life programming. The project was completed and continues to operate successfully, receiving
high praise from campus partners.
http://www.livebeaconhall.com/

JANA HURLEY

George Mason University

Asst. Vice Pres. University Life
(703) 993-2789 (Work)
jhurley4@gmu.edu
4211 Student Union Building

Titan Court:

Campus Advantage provided Lane Community College with a demand study accompanied with a student survey, as
well as design consulting in 2009 and 2010. The project, Titan Court, opened in September 2012. Campus Advantage
was asked to return to the project as manager, after the initial property manager failed to meet campus goals. The
project exceeded budgeted occupancy in 2013, 2014 and 2015.
www.titancourt.com

GREG MORGAN

Community College
Chief Financial Officer
(541) 463-5516 (Work)
morgang@lanecc.edu
4000 East 30th Avenue
Eugene, OR 97405-0640

Alexandria Tech:

Tobin Lofts:

www.alextechhousing.com

www.livetobinlofts.com

From 2010 to present, Campus Advantage Consulting has provided design consulting, initial operations support and
lease-up oversight to Alexandria Tech for their first on-campus housing. The project opened at 100%.

KATHY PFEFFER-NOHRE

Alexandria Tech & CC Foundation

Executive Director
kathryn@alextech.edu
1601 Jefferson Street
Alexandria, MN 56308

In 2011, Campus Advantage completed a demand study and design consulting for San Antonio College. Tobin Lofts
finished construction in 2013 and Campus Advantage exceeded budgeted occupancy in 2014 and 2015.

DAVID MRIZEK

Alamo Colleges - San Antonio Colleges

Vice President of College Services
210-486-0937 (Work)
dmrizek@alamo.edu
1300 San Pedro Ave.
San Antonio, TX 78212-4299
www.alamo.edu/sac

Additional On-Campus Consulting and Management Experience

Far Eastern Federal University (Vladivostok, Russia)

University of Akron

Florida Keys Community College

Universidad Autonoma De Guadalajara

College of Santa Fe

Cal State Long Beach Brooks College

Cerro Coso Community College

University of Vermont

Bowie State University

University of Maryland Baltimore

Coastal Carolina University

Fort Valley State University

Joliet Community College

Culinary Institute of America Hyde Park

VRL (Nassau) Ltd DBA Breezes Bahamas, has the experience to operate and manage the dormitory based on its experience in operating hotels. The dormitory facility would be a business division and the similarities between operating a hotel and a dorm with dining facilities are obvious.
John and Muna Issa, the directors of VRL (Nassau) Ltd., jointly have over 75 years experience in operating various types of hotels ranging from the bed and
breakfast to the all-inclusive to the traditional full-service business hotel. At one point they operated eighteen resorts under four brands in six countries.
At Breezes, the Issas have been successful in recruiting a 100% Bahamian management team as well as insisting on recruiting and training young Bahamians.

Principal: Michael Alexiou

THE PRACTICE
Putting clients first has been key to the success and longevity of Alexiou & associates. Since 1978, we have been translating
clients needs and visions into functional, aesthetic spaces that showcase an attention to detail, quality and craftsmanship in
the design of luxury residential homes, multi-residential complexes, financial office buildings, and award-winning public
buildings and resorts. Our creativity and experience enables us to incorporate best practice principles and materials.
Specializing in a contemporary regional style, we blend the islands vernacular architecture with a comprehensive knowledge
of advanced technologies and materials to strike a balance between cultural heritage and modernity.

Architecture
Interior design
Project management
Urban planning

As one of the largest architectural practices in the Bahamas, Alexiou & associates offers clients a wide range of expertise that
allows us to evaluate and develop a project holistically from multiple perspectives and disciplines.
Each project we undertake reflects our passion and respect for the natural and man-made environment of the Bahamas.
We are deeply committed to the preservation of the islands and the planet as a whole, and this has led us to integrate green
architecture as a benchmark standard within our practice.
Alexiou and Associates is the first firm to design a LEED-specified building in the Bahamas, and we seek to make our clients
more aware of the physical and economic benefits of good environmental stewardship.
Our goal is to build sound working partnerships with our clients and develop designs that exceed their requirements and
expectations.
Specializing in a contemporary regional style, we blend the islands vernacular architecture with a comprehensive knowledge
of advanced technologies and materials to strike a balance between cultural heritage and modernity.
With process at the core of every design, we collaboratively and intuitively explore an idea from its most primitive beginnings
to its ultimate realization. It is a unique and personal combination of materials, methods, and people cognitively engaged in
decoding symbols in order to construct or derive meaning.

LIST OF SUBCONTRACTORS
TAYLOR INDUSTRIES
Electrical

CARIBBEAN INTERNATIONAL AIRCONDITIONING

Mechanical
DYKTON
Plumbing and Fire Services
ETS Bahamas
Structural and Civil Engineers

This Scope of Services includes services by other consultants that may be required as the project progresses forward, such as geotechnical,
IT consultant, security consultant, Kitchen planner, procurement consultant, landscape architect and fire safety engineers.

Verification of Base Information

Prior to finalizing the design work, COB will provide the following required base information so as to allow the team to verify that our
design conforms with this base information:

Existing Site Plan, in CAD, indicating site boundaries, set-back lines, easements and encroachments.
Environmental study indicating any protected natural or historic elements on the site.
Existing local infrastructure services and expansion plan plans (if available)
Geology / geotechnical studies (if available)
Summary of regulations governing the site and copies of any prior regulatory approvals

Note: Alexiou & associates will proceed to work based on the documentation provided by the Client. If during the design process new
information is received that affects the original conditions in a considerable manner, any changes and adjustments to the design will be
considered additional services.

The Design
The design references the planning strategies of the early university colleges like those of Oxford and Cambridge universities.
The dormitory is divided into 3 distinct but conjoined parti.
The dormitories themselves are separated into a male and a female quadrangle, each consisting of 5 floors. The third parti is a single storey communal services quad that contains the dining hall, gym, recreation room. laundry and retail
and is expected to be the social heart of the community while additionally housing the management offices and the facilities MEP and maintenance areas.
The quadrangles themselves are conceived as grassed garden spaces and are envisioned as places where students can read, relax while basking in the embrace of the sun.
The design interestingly offers a variety of residential options which offer a variety of social experiences.
There are two bed rooms (where two people share a room with a kitchenette and bathroom facilities) and a number of one bed apartments suitable for RAs or visiting lecturers. The building has three distinct type of units that
accommodate different sized communities. There is a two bed room unit with bathroom, kitchen and living room. It is anticipated that each bedroom will only accommodate 1 bed and that this configuration would probably be used by
senior students. The three bedroom unit is the workhorse of the facility and houses six students in a unit containing three bedrooms, a bathroom and a small kitchenette. The 4 bedroom unit has a large bathroom and reasonably sized
communal areas for sitting and eating as well as having a good sized kitchenette.
first floor
three bedroom unit
four bedroom unit

28 off
4 off

168 beds
32 beds

second floor
two bed room
three bedroom unit
four bedroom unit
one bed apartment

2 off
28 off
4 off
2 off

4 beds
168 beds
32 beds
2 beds

third floor
two bed room
three bedroom unit
four bedroom unit
one bed apartment

2 off
20 off
8 off
2 off

4 beds
120 beds
64 beds
2 beds

fourth floor
two bed room
three bedroom unit
four bedroom unit
one bed apartment

2 off
20 off
8 off
2 off

4 beds
120 beds
64 beds
2 beds

fifth floor
two bed room
four bedroom unit
two bedroom unit
one bed apartment
Total # beds

4 off
16 off
4 off
2 off
932

8 beds
128 beds
8 beds
2 beds

120 parking bays

Site

CONCEPTUAL PLANS & PROJECT SCHEDULE

PROPOSED PROJECT SCHEDULE/TIMELINE

September 2015 - December

RFP Coordination

January July 2016

Development & Finance Consulting

Finalize plans with college
Start development refinement
Design consulting
Approval process

Design, drawing and

approval obtained for foundation
by July 31st, 2016

September 2016 May 2017

Design Consulting

Commencement of construction
August 1st, 2016

June 2017 July 2018

Initial Operations and Lease Up

August 2018

On-Going Management

Attend meetings with College Officials

Assist with submitting presentation materials

Construction commences
Interior design consulting
Operational efficiency consulting
Branding/logo development

Construction continues
Recruitment of staffing

Opening of community
Residence life programming

Construction Completion
July 31st, 2018

OPERATIONS PLAN and FINANCIAL PACKAGE

TERM SHEET
ISSUER
LEGAL COUNSEL
AUDITOR
ESCROW AGENT / PLACEMENT
AGENT
PAYING AGENT / REGISTRAR
BANKERS
CORPORATE TRUSTEE
LISTED EXCHANGE
ISSUE TYPE
ISSUE SIZE
RANKING

SECURITY/COLLATERAL
INTEREST RATE

INTEREST FREQUENCY
PRINCIPAL REPAYMENT
MATURITY

SINKING FUND
CALL PROTECTION
MINIMUM SUBSCRIPTION
PAR AMOUNT/ ISSUE PRICE
CONVERSION RIGHTS
USE OF PROCEEDS

FURTHER ISSUE/UPSIZING

NO VOTING RIGHTS or EQUITY

OWNERSHIP
DEFAULT

RESTRICTIVE COVENANTS
SPECIAL RIGHTS/PRIVILEGES
EVIDENCE OF OWNERSHIP
GOVERNNG LAW

SPV
TBD
TBD
CFAL Ltd.
CFAL Ltd.
TBD
None
Bahamas International Securities Exchange
Unsecured Bonds
$66,943,000
With respect to the payment of interest and principal
payments upon liquidation, the bonds will be unsecured
obligations of the Issuer. The Bonds will rank equally
among themselves and with all other future
unsubordinated and unsecured debt of the Issuer.
The Bonds are a general obligation of the Issuer and are
not secured by any specific collateral.
The Bonds will make semi-annually payments of interest
on the principal balance outstanding at the time of such
payment based on 1/2 of the following annual
percentage rates: 6.50%
Semi-annually
Principal payment will be made at 100% of par.
The Bonds will mature on the 30th anniversary date from
the closing date of the Offer or its date of issue,
whichever is earlier.
None
None
200 Bonds (B$200,000) and in increments of 1 Note
(B$1,000) thereafter.
1 bond will equal B$1,000 Par Value, issued at 100% of
Par. No fractional amounts will be issued.
None
The proceeds of the bond will be used to fund the
building and operating of a college dormitory that will be
primarily used by the College of The Bahamas until it is
self sustaining.
The Issuer reserves the right to increase the size of the
Bonds issue at the Closing Date, or anytime thereafter,
without the consent of the bondholders.
Bondholders will not have an equity interest in the
Company nor will they have any voting rights.
Include without limitation, failure to pay principal and
interest when due, cross default against material
agreements and breech of representations, warranties
and covenants by the Issuer.
None
None
Book Stock
The Laws of The Bahamas

APPENDIX A VENDOR INFORMATION SHEET

NAME OF VENDOR

SPV

Name, address of contact person for the project proposal

Name: Emanuel C. Alexiou

P.O. Box:
Street Address:
Telephone Number: 242 323-4966
Fax Number: 242-326-1013
Email Address: eca@ecalexiou.com

Type of Ownership [Corporation, Sole Proprietorship,

Joint Venture, Partnership, etc.]

Corporation

Documentary evidence of the legal status of the firm,

e.g. certificate of incorporation

NA

Business License Number

[Attach a copy of valid business License]

NA

Street and Postal Address of Principal Place of business

NA

Names and telephone contacts of three references

for which the company has done similar types of work.

Company National Insurance Number

NA

Public Liability Insurance Carrier

NA

[Attach a copy of the quote for the insurance premium]

Yes