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SELLERS 24 <br /> MANUFACTURING CO,INC. <br /> P. 0. Box 128 <br /> June 22, 1993 <br /> Saxapahaw, N. C. 27340 <br /> HAND DELIVERED <br /> Mr. Eddie Kirk <br /> Planning and Inspections <br /> 306F Revere Road <br /> Hillsborough, NC 27278 <br /> Dear Mr. Kirk: <br /> This is in response to your request for information on the following <br /> two items: <br /> 1. We anticipate the price of the houses that we sell on the 116 <br /> lots at Governors Grove will range between $60, 000 and $90, 000 <br /> with an average of $75, 000. <br /> 2. We anticipate that it will take approximately three years to sell <br /> these 116 lots which translates into about 38 lots per year. <br /> Hopefully this answers your request and if not, please notify us for <br /> any further information. <br /> Sincerely yours, <br /> i <br /> /J t d <br /> 1-/ j --- - <br /> John M. Jordan, Vice President <br /> JMJ/pr <br /> Telephone: Saxapahaw (919) 376-3121 <br />