FOR SALE Townhouse development PORT PLACE canal sites on lots 15 & 16 [See subdivision plat  for property location.] Block 2, Section 1, Bahama Terrace Subdivision Frontage on canal (200') with easy ocean access When completed, these sites will haveeither  6 townhomes or 12 2BR-2Bath flats, seawall, pool(s), plus landscaping, sprinklers an guest parking, comparable to the building pictured. Seawall completed October 2006 The units to be constructed on the sites for sale will be similar to the pictured building (units 1, 2, 3) on Lot 17 which have been sold and are owner occupied. Lot 15 sites (3 to 6 condo units) piers completed and inspected foundation and 1st floor wall electrical conduit embedded electrical conduits from main to units (transformer & meter boxes completed) water lines embedded and main water line run Lot 16 sites (3 to 6 condo units)   piers completed and inspected, plus foundation (transformer and meter boxes completed) Security House  &  Electrical House ·       The security and electrical house have been  completed. The security room is finished with dry way and highquality, impact resistant glass windows. The security building includes a finished half-bath to be connected to the septic system on lots 15-16.          Switching gear for all 6 remaining units are in the security house.          The transformer for all units has been connected  to the public power line and to the switching gear in the security house. The electrical system has been operating since July 2004 and continues to service the occupied units. ·       Cable and telephone conduits are in place underground from the secuity house to the foundations on lots 15-16. Common Area Facilities Completed ·        Security walls completed on street and east side of development ·        Security cameras installed inside of Security House ·        Irrigation system in place for entire road front ·        Approved plans and architectural drawings, building permit ·        Electronic sliding entry gate, gooseneck, control units ·        Wall lighting completed with fixtures, photo-sensor switch ·        Grass, trees, shrubs planted for Lot 17 plus entire road frontage (lots 15-16-17) Completed Legal, Licensing, Plans Architectural plans completed, including drawings suitable for marketing. Building permits awarded and fully paid. Declaration of Condominium drafted. Sale subject to conditions in the Port Place Articles of Association & Declaration of Condominiums Architectural Plans & Permits completed, paid, and approved by Port Authority. Construction Trailers, Supplies, and Equipment 2 trailers (40’) on site steel rebar bent for reinforcing and other building materials purchased for this project. Tools