1. City of Tennille Memory Lane Assisted Living Facility EIP Loan – Building Renovation

2. Overview Recipient – City of Tennille Sub-Recipient – Memory Lane Assisted Living Facility Grant Amount - $ 500,000 Private Investment - $ 530,000 J obs – create 50, 100% L/M Building renovation of the former D.D. Crawford Primary School (built in 1957) and convert it into an assisted living facility City of Tennille–Memory Lane Assisted Living

4. Source and Use – City of Tennille SourceAmountUseAmount EIP$ 500,000Building Renovation$ 470,000 Grant Administration$ 30,000 Owner’s Equity$ 530,000Building Renovation$ 285,000 FF&E$ 135,000 Contingencies$ 50,000 Architectural$ 30,000 Project Mgmt$ 30,000 City of Tennille$ 404,840Land/Project Site$ 396,840 Grant Consulting$ 7,000 City Audit$ 1,000 Total$ 1,434,840Total$ 1,434,840

5. The previous school cafeteria has been transformed into a new dining facility for Memory Lane’s residents. City of Tennille–Memory Lane Assisted Living

6. As part of Phase 1 of the project, hallways have been updated throughout the building. City of Tennille–Memory Lane Assisted Living

7. As part of the first phase, an activity room for games and television was designed for the residents. Open House in August 2012 City of Tennille–Memory Lane Assisted Living

8. Former classrooms have been redesigned to accommodate potential residents room. Private bathrooms were added to each room. City of Tennille–Memory Lane Assisted Living

9. Phase 1 Complete. Up to 16 beds can be accommodated for assisted living Phase II will be complete in January 2013. Up to 45 beds can be accommodated for assisted living Phase III will be complete by March 2013. Phase III will be an Alzheimer’s Unit and will accommodate up to 30 beds. The Company is working towards obtaining their state operating license. They hope to have this by late February early March so citizens can start moving in.. The Grand Opening will be in April 2013. Project Updates