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EXHIBIT A Hagler First Condominiums 101 E. Flagler Street Miami, Florida 33131 Project Budget Hard Construction Cost $ 11,000,000 Construction Interest Expense $ 730,000 Construction Loan Origination Fee $125,000 Accounting $55,000 Appraisal $18,000 Architect Supervision $175,000 Architect Fee Donlon snng.xnn Insurance 'Building Permit Engineering Fee Environmental Report and Remedlatlon $150,000 $1 00,000 $235,000 $175,000 1 Impact Fee Inspection Fee Legal Fee•Partnershlp Marketinm and Advertisement Property Taxes Survey Including As•Bullto Title Insurance and Recording Utility Connection Fee DMCDC Consulting Fees Contingency (Soft Cost) (Relmbursat?les) Developers Fee and Overhead $140,000 $55,000 $150,000 $95,000 $75,000 $25_1000 $105,000 t138s000 $ 100,000 Existing Building Owned 1� f� I/ Ce)..c,,> 2 5 Z/ $86,000 $896,000 $ 3,538,000 $ 18,593,500 i Unit Numbers: 1. 306 2. 408 3. 409 4. 508 '- 5, 509 8. 608 7. 609 8. 708 9. 709 10.808 11.908 12.1008 EXHIBIT B Nagler First Condominiums 101 E. Flagler Street Miami, Florida 33131 Unsold Units as of May 28, 2005 1 5 y