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4 <br /> Autumn Woods Assisted Living, Saint Anthony, MN Page 3 <br /> 8/10/2009 <br /> When questioned about the market for assisted living units in this area,Greg said that the market <br /> studies indicated that the area could support more units than planned for this site.The proposed <br /> number of units in this building was determined by the capacity of the site not the market. <br /> When asked about project financing Greg said that it was a firm policy that Lang-Nelson would not <br /> move forward with a project without committed financing. <br /> Caitlin handed out 81/2"x 11"prints of the presentation boards. <br /> This is my understanding of the issues discussed and decisions made. Please contact me with any <br /> comments or questions. <br /> F. \AutumnWoods\AutumnAssisted.3.doc <br />