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April 27, 2006

Construction Daily

Sent Sean the site plan with measurements for the time lapse camera.

View site plan

Talked to Lori from High Noon about time lapse camera installation and operation process - referred her to Rentals Unlimited for generator and manlift information.

Talked to Leyland Mahan to engage him as lien agent and closing attorney. Filled him in on the HGTV initiative.

Spoke with Shawn Hawes to confirm their execution of the contract. She faxed the complete contract to Vince.

Heard back from Josh at Lancaster County Timber Frames and they have agreed to July 17 as the first day of the frame raising. Wow.

Spoke with Vince and confirmed closing will be done before I leave for South Africa on 13-May. He indicated he preferred to use his associate as closing attorney - will call Leyland tomorrow to explain the situation and cancel. Vince has approved a total loan package of $1.1 million for the construction of the house and remainder of the land loan. Anticipate paying the principal down with cash after construction is complete to bring under $1 large, but will see where interest rates vs. investment returns are at that time to evaluate the broader opportunity. Told Vince we paid the $22k deposit to the contractor and he said "I know" - holy shit Big Brother is watching the credit report...

Posted by Stephen at April 27, 2006 9:04 PM