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3. Proposed location a f Proj ect (the "Proj ect S ite"). <br />Great Northern Corporate Center <br />Country Club Boulevard • <br />a_ pascriptian af construction/remodeling underta]cen or to be <br />undertakeri at Proj ect Site and category (1, 2, ar 3, f rOm <br />abave) applicable to such work_ <br />Category 3 construction of an approximately 67.000 square foot Class "A" <br />office building. The building will be designed as a four story extension <br />of the existing properties and include state of the art mechanical, <br />electrical, and elevator systems. <br />5. Tota?1 cost of construction/remodeling tc be undertaken as part <br />o f Proj ect. <br />Total project costs: Approximately $6,800,000 . <br />Total hard construction costs: $5,000,000 <br />? <br />6. Dates for (a) commencement and (b) completian of work on Che <br />Project. To be determined anticipated commencement late 1998.or early 1999. <br />Completion eight months after couunencement. . <br />7. Hature af business to be conducted at Praj ect Site_ <br />Office uses including corporate and regional headquarters, f inancial <br />planning & investment sales, insurance, tc. <br />Complete the tolloainq iaformation xt tha Projsot is useQ or to be <br />used tox other than residenti.al purposes. <br />: F 8. Est7t.mated number of emgloyees to be emp7.oyed at Project- S i.te <br />(a) within ane (1) year after ccmpletion, and (b) witha.n thzee <br />(3) yeaxs after completion. <br />A. Ipproximately 175 <br />approximately 225 <br />:B- <br />9. Estimated arinual payrvll (a) w3.thin cne (1) year after <br />completion, and (b) within three (3) years after compietion. <br />A. approximately $6,000,000 <br />B. approximately $7,750,000 <br />10. Existing market value of Project Site and any facilities <br />currently lacated thereon. <br />Land Value: $600,000 <br />11. Value of Machinerp/Equipment: Existing and projected new. <br />Existirtg Value: None Praj ected new : None <br />Page 4 of A <br />