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COSTS TO PURCHASE THE LIBERTY TOOL BUILDING <br /> Uses Cost <br /> Purchase Price of Property $800,000 <br /> Renovation& Bldg. Improvements $284,000 <br /> Payment Reserve Funding $ 75,000 <br /> Property Taxes Due at Closing $ 21,000 <br /> Closing Costs $ 20,000 <br /> TOTAL $1,200,000 <br /> Renovation and Building Improvements <br /> Elevator $75,000 Sibley Build*ng <br /> Concrete/Drains $59,760 <br /> Fire Wall $13,646 $170,000 <br /> Phones and Cabling $12,914 <br /> Computers $ 861 Sold 3/8/2004 <br /> Stairway $ 5,425 <br /> Electrician/Lights $19,910 <br /> Overhead Doors $39,170 <br /> Exterior Work(holding tanks, <br /> Aprons, paving, etc. $19,609 <br /> Consultant—Tim Houle $14,547 <br /> Attorney Fees(Tom F.) $ 500 Maintenance Bldg, <br /> Misc. (Bathrooms, Sidewalks, etc.) $11,566 <br /> Doors $ 7,226 $100,000 <br /> Locksmith $ 3,654 <br /> Sold 3/11/04 <br /> TOTAL $283,788 <br /> Closing Costs <br /> Bond Attorney $5,000 <br /> Bank Attorney $1,500 <br /> Current <br /> Origination Fee $5,200 interest on loan is <br /> /o <br /> Appraisal $1,000 4.1 with American National <br /> Title Insurance $2,000 Bank of P.L. —Loan balance <br /> Closing Costs $ 500 $840,000. <br /> Advertising Fees $2,000 <br /> Abstracts $ 800 <br /> Appraisal Fee $2,000 <br /> TOTAL $20,000 <br />