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IDaxzial L _ paXS01^1 ac Associates <br /> DATE: 21 March 1994 <br /> Orange County Planning Department <br /> 306F Revere Road <br /> Hillsborough, NC 27278 <br /> Attn: Mr. Eddie Kirk <br /> PROJECT NAME/LOCATION: Mill Pointe / Mill Creek Road (SR 1343) <br /> Dear Mr. Kirk: <br /> As requested, here is a possible schedule of projected buildout <br /> for the Mill Pointe Project. The developer will be marketing lots <br /> only and will not be building the houses. With this in mind, I <br /> submit the following projections: <br /> Years to buildout: 4 <br /> Number of houses to be built during each year: <br /> year 1 - 3 <br /> year 2 - 3 <br /> year 3 - 3 <br /> year 4 - 1 <br /> Average price of houses including lots for each year: $85,000. <br /> I hope this information will be of some use to you, but we really <br /> have no way of knowing how quickly the lots will sell. <br /> !incerel�} J4 <br /> Daniel L. Paxson, PE <br /> 121 West Clay Street - Suite H <br /> Mebane , North Carolina 27302 <br /> ( 919 ) 363-3113 <br /> ---------- <br /> ------------------------- <br /> engineering Sc plar�ning <br />