Serving more than 135,000 residents in the surrounding north county area, American Fork is the economic hub of one of the nation’s fastest growing communities.  North Utah County’s growth exceeds four percent annually, a figure which doubles the state average and quadruples the national average.  In American Fork, this growth has fueled the construction of several new city buildings, including a library, district court and police complex and a fire station.  Recently, large-scale retailing has come to the west side of American Fork with The Meadows shopping center, a retail magnet for northern Utah County.  U.S. Interstate 15 traverses the traditional southern and western borders of the city. As build-out approaches north of the freeway, the city looks to carefully manage expansion and development in the area south of the city, between the freeway and Utah Lake.

LOW UTILITY AND BUILDING COST • WATER & IRRIGATION American Fork residents approved the implementation of a city-wide pressurized irrigation system in 2006. The system enables the community to conserve culinary water and accommodate a growing population.  Construction will be completed in the spring of 2010. Approximately one-third of the system will be operational in the spring of 2008 with two-thirds operational in the spring of 2009. • ROCKY MOUNTAIN POWER  Lowest costs in the west.  Rocky Mountain Power is one of the West’s leading utilities, serving more than 1.6 million customers in six western states. ROCKY MOUNTAIN POWER Cents/kWh City of Springville 11.16 Lehi City Corporation 8.63 Spanish Fork City Corporation 7.35 City of Murray 6.83 Provo City Corporation 6.10 Rocky Mountain Power* 5.85 Western US Commercial Average Rates 2006 Nevada Power Co. 9.37 Bountiful City 7.24 City of Murray 7.00 City of Logan 6.86 City of Seattle 6.14 City of Tacoma 5.44 Rocky Mountain Power* 5.85 • GAS Questar Gas Company is Utah’s primary natural gas provider.  Questar is in the unique position of owning a significant amount of natural gas reserves, which allows service rates to be consistently among the lowest in the nation.  Large industrial users may purchase natural gas supplies from independent producers and transport the gas under a free arrangement with the utility. • BROADBAND Many businesses in American Fork benefit from high bandwidth and dark fiber services because of the fiber optic technology deployed here.  Where dark fiber is not now available, businesses may lease dark fiber through the city.

• OFFICE SPACE (2007) North County North Total Available Vacancy Class A 647,780  63,324 9.38% Class B 686,754  43,875 5.05% Overall 1,670,754  115,225 6.90% Retail Total Available Vacancy North County North 2,738,535 77,185 2.82% Industrial Total Available Vacancy North County North 3,894,858  129,894 3.34% Average Rents Utah County Retail Total Inventory 11,016,897 SF Lease Rates PSF $ 12 - 31 NMM Vacancy 5.02% CPA Rate 6.5 - 8.5% Land Values PSF $8 - 31 Utah County Industrial Total Inventory 14,809,565 SF Lease Rates PSF $0.36 - 0.89 NNN Vacancy 2.71% CPA Rate 6.6 - 10% Land Values PSF $2.2 - 12 Utah County Office Total Inventory 7,797,232 SF Lease Rates PSF $8.2 - 20 NNN Vacancy 9.58% CPA Rate 6 - 9% Land Values PSF $7.8 - 13 • RESIDENTIAL COMPONENT North Utah County American Fork Residential Lot Price $140,000 $200,000 Residential Home Price $325000 $275,000 Residential Condo Price $180,000 $182,000