⚡ 1480 RENAISSANCE DR

MEMORANDUM

TO: Sunland America Corp. Investment Committee

FROM: Senior BESS Site Evaluation Analyst

DATE: October 26, 2023

SUBJECT: Comprehensive Site Diligence Analysis for 1480 Renaissance Dr, Park Ridge, IL (APN: 09221100050000)

This report provides a comprehensive due diligence analysis for a potential distribution-scale BESS project at the subject property. The analysis covers key development pillars including site characteristics, environmental constraints, grid interconnection, regulatory hurdles, and incentive eligibility. The property presents a mix of a significant IRA incentive opportunity with substantial interconnection and permitting risks.

1. Site Access & Topography

Road Access & Feasibility: The property is located in a developed commercial office park in Park Ridge, a suburb of Chicago. Based on aerial imagery, direct access is provided by Renaissance Drive, a paved, multi-lane road. This road connects to major local thoroughfares and is proximate to Interstate 294, providing excellent regional access for equipment delivery. The quality of the existing road network appears fully capable of supporting heavy truck traffic associated with BESS construction.

Terrain & Equipment Access: The topography in this region of Illinois is exceptionally flat, which is ideal for BESS development as it will minimize civil engineering and site grading costs. The existing infrastructure of an office park ensures that access routes are designed to accommodate large vehicles. We anticipate no significant issues delivering heavy equipment such as 53-foot battery containers, multi-ton transformers, and construction cranes to the site.

Easement Concerns: As a parcel within a planned commercial development, there is a high probability of existing utility, access, and drainage easements encumbering the property. The parcel size is noted as 2.97 acres (per Regrid data, conflicting with a 35.02-acre county record which may represent a parent tract). On a small lot, existing easements could severely constrain the buildable area. A title report and ALTA survey are required to identify and map all easements.

2. Environmental Constraints

Flood & Wetlands: FEMA Flood Zone and wetlands status are currently Unknown. These represent critical, potentially fatal-flaw risks. Any designation within a 100-year floodplain (Zone AE) would necessitate elevating all equipment, significantly increasing civil costs. The presence of jurisdictional wetlands on this small 2.97-acre parcel could render the site undevelopable due to setback requirements. Immediate desktop screening using FEMA and National Wetlands Inventory (NWI) maps is a top priority.

Habitat & Protected Species: The data indicates no critical habitats or protected areas on or near the site. This