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April 26, 2006

Construction Daily

Went by Hawes office this morning to review and sign the construction contract. Final home price crept up slightly due to last minute clarifications to a grand total of $717,467.72.

Reviewed the contract clauses and spec sheet, approved all items, and signed the docs. Put down deposit of $22,036.70 to secure schedule and begin permit application processes (both demolition and building). Ron will sign contracts tonight and Shawn will fax contract, plans, and draw schedule to Vince so he may begin drawing up the loan.

Richard estimates the demolition and foundation digging can occur while the building permit is being processed, and right now it looks like the old house is coming down the week of May 22-26. He also estimates the foundation and subfloor will be ready for the timber frame installation by second week of July!

Contract stipulates owner provides liability insurance - have contacted Farm Bureau who already insures the property to acquire new coverage.

Need to retain lien agent and closing attorney - Hawes has recommended Leyland Mehan in Leesburg, who I'll contact today.

Following up on time-lapse camera placement for HGTV shoot, will either put on existing powerline pole or install a new pole as the old powerline poles may be removed to bury the power lines along the property road frontage.

Posted by Stephen at April 26, 2006 11:29 AM