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EXHIBIT 2 <br /> EXHIBIT "C'" <br /> Project Budget <br /> Description Amount <br /> Site Acquisition 4,056,000 <br /> Total Acquisition Cost $ 4,056,000 <br /> Demolition <br /> 70,911 <br /> Landscape&Irrigation 13,800 <br /> Striping 16,531 <br /> Concrete 40,466 <br /> Masonry 12,275 <br /> Steel 50,563 I <br /> Rough Carpentry 200,193 <br /> Millwork 79,999 <br /> Insulation 11,946 <br /> Roofing 27 377 <br /> Doors/Frames/Hardware 61,645 <br /> Glass&Glazing 15,132 <br /> Drywall 87,182 <br /> Ceramic Tile&Stone <br /> 0 <br /> Flooring 167,186 <br /> Paint&Wall Covering 108,229 <br /> Misc.Specialties 20,085 <br /> Toilet Partitions&Accessories 8,646 <br /> Window Covering 7,630 <br /> Plumbing 211,335 <br /> H VAC 211,721 <br /> Electrical 247,631 f <br /> Fire Alarm/Life Safety 11,083 <br /> Fire Sprinklers 547,500 <br /> Clean-up 6,732 <br /> Subtotal Construction Detail $ 2,235,798 i <br /> General Conditions 121,373 <br /> Liability Insurance 1% 23,572 <br /> Fee 5% 119,037 <br /> Contingency 15% 374,967 <br /> Subtotal Construction Cost $ 2,874,747 <br /> Architectural and Engineering Fees Allowance 105,000 <br /> Permit& Plan Check Allowance 61,972 <br /> Builder's Risk Insurance 10,000 <br /> Owner Administration 3% 91,552 <br /> Developer Fee 3% 91,552 <br /> Total Construction Cost $ 3,234,822 <br /> Total Project Cast $ 7,29O,S22 <br /> i <br />