We are ahead of the schedule for the windows and doors and they are being installed on the A, B and C buildings.

We had the stone crews working over the 4th of July weekend and the stone work looks great.

We are roughly on schedule with the entrances. The enclosures are being built on the east and west side of buildings D and E. The foundation has been poured on the west side ofB and C and work heas started on the entrance itself. The last entrance to be done is the one by A and B. Here we will be pouring the foundations shortly and wood work will begin here once the B and C entrance has been completed.

We are behind on the siding and the railings, but actions are being taken to to get back on schedule by the end of July. We have ijcreased the number oif crews from one to three and more are coming in the next two weeks so we anticipate having over 30 people on site for the siding contractor in addition to the people from Travis. The start of the siding and railing project was slow due to a lot of practical decisions that had to be made to match the design to the actual buildings. Now that these decisions have been made on buildings D and E we are moving faster through buildings A, B and C.

Pete Rouzaud the onsite manager from Travis Construction is confident that the project will come in on time and on budget. So far we are doing well on the costs and we are monitoring the on time part closely. However, we cannot tell you when to start renting yourunits as we do not know when we will get the certificate of occupancy from the Town of Breckenridge.

The buildings look great and I have enclosed some pictures to show the progress.

All the best,

Ole Fadum