LAFAYETTE CONTRACTORS LLC

LAFAYETTE CONTRACTORS LLC 6100 Red Hook Quarter, Suite A2-7 St. Thomas, VI 00802 INTERNAL PROPOSAL No. 23 Date: 11 December 2007 Rev. 12 December 2007 Proposal No. 00024 RE: Budget for Initial Site Excavation at RO/Mechanical Building Telephone: A CZM permit has been issued for the sitework at this site. It can be begun immediately. At the urging of Doug Schoettle and Dan Chipman the team believes that the initial phase of this work, i.e. erosion control, the excavation of material, and removal and storage on island can and should be begun immediately. All of the initial work can be done with forces and equipment already on the island or scheduled to be delivered very soon with the exception of the dump truck listed below. Charles Miller has instructed that we present this proposal in the following format: Dan Chipman will organize and manage all the work short and long term. The costs of erosion control can be estimated from the drawings as is done below. The costs of earthwork and rock removal are unknown. This work will be done on a time and materials basis using the resources set out below: 1. Survey: $ 1,0000 (allowance) 2. Erosion Control a. Erosion Fence 435 lineal feet i. Labor 88 man-hours @ $15hr ii. Material 435 lineal feet @ $8.50 a foot b. Erosion Mats i. 24 @ $55 $ 1320 $ 3698 $ 1320 ii. Staples 4 box @ $45 $ 180 iii. Labor 2 men x 72 = 144415 $ 2160 iv. Clearance, Customs and barging $ 1960 c. Outside Equipment required: One 18 yard dump truck with operator i. Estimated 10 weeks @ $2600 $ 26,000 ii. Fuel 70 gal wk x 10wks @ $4.00 gal $ 2,800 $ 39,438 3. Balance of earthwork and rock removal as follows: a. Island Equipment (at established island rates) EFTA00610356 LAFAYETTE CONTRACTORS LLC 6100 Red Hook Quarter, Suite 42-7 St. Thomas, VI 00802 i. Two trackhoes ii. 10 yard dump truck iii. Dozer (as needed) iv. Small backhoe (as needed) b. Island Labor (at established island rates) [4 persons] Telephone: Fax: i. Operators for each of the items of equipment listed above ii. One laborer Approval is being requested to set up a cost code for this work and to start executing it immediately as described above. Lafayette Contractors, LLC Prepared by: William Rowles X Approved: John Amerling X Approved: Dan Chipman X Approved: Charles Miller X New York Strategy Group, LLC Approved: Emad Hanna and/or Rich Kahn Action: ri Approved Fl Approved as noted ri Rejected Jeffrey Epstein EFTA00610357