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EXHIBIT 12 <br />ITEM 2 <br />OCTOBER 7, 1997 <br />FREEDOM HOUSE <br />CONSTRUCTION COST PROJECTION <br />February 1997 <br />base s.f. 4500 <br />DESCRIPTION BASE/ EXTENDED <br />P.S.F. ESTIMATE <br />DIVISION <br />1000 <br />2000 <br />3000 <br />4000 <br />5000 <br />6000 <br />7000 <br />8000 <br />9000 <br />1500 0 <br />1550 0 <br />1500 <br />0 <br />200 <br />100 <br />SEE BELOW <br />SEE BELOW <br />CONCRETE, S.O.G. $ <br />$6.50 $ <br />$29,250-00 <br />UNIT MAS. /FOOTINGS 5 <br />55.85 $ <br />$26,325.00 <br />STEEL,STRUCT. &MISC. $ <br />$0.20 $ <br />$900.00 <br />WOOD FRAME,INCL. <br />EXT.DOORS,ROOF& <br />SIDING $ <br />$11.68 $ <br />$52,569.00 <br />ROOFING & <br />WATERPROOFING $ <br />$3.64 1 $ <br />$16,384.50 <br />DOORS WIND. &HDWRE $ <br />$3.01 $ <br />$13,563.00 <br />FINISHES $ <br />$8.94- $ <br />$40,243.50 <br />PLUMBING $ <br />$7.37 $ <br />$33.165.00 <br />HVAC $ <br />$9.08 $ <br />$40,837.50 <br />ELECTRIC $ <br />$6.73 $ <br />$30,294.00 <br />STRUCTURE COST $ <br />$63.01 $ <br />$283 531.50 <br />37 <br />