$602,000

EXTERIOR & COMMON AREA RENOVATIONS

• New asphalt shingle roof
• Repairs and new paint for patio decks and building exterior
• Parking lot will have asphalt repairs and paint upgrades
• New flooring. lighting and paint in hallways and lobby
• New furniture in social area
• New office equipment

$1,131,500

INTERIOR SUITE RENOVATIONS

• New fridge, stove, hood fan and dishwasher (where applicable)
• New cabinet doors and countertops in kitchen
• New cabinet doors and countertops in bathroom
• New carpets and linoleum flooring
• Complete interior paint to ceiling, walls, trim and baseboards
• New window coverings, light switches, plugs and light fixtures

Renovations Summary

Renovation cost $1,723,000 (approx)

Renovation cost per suite $13,500 (approx)

Renovation deadline March 2007

* The information contained on the executive summary is from sources deemed to be reliable, and accurate. However, numbers listed as approximations are subject to possible change.