Golf Club: CSS Completed for 2005 Tax Year

The club consists of an 18-hole golf course, a 14,050 square foot clubhouse, a 12,400 square foot maintenance building, a pump house for the fire supression system and a pre-engineered building for the irrigation pumping equipment and fertilizer tanks. The 441 acre site is comprised of six lots straddling two town lines.

• Placed in Service: September 2004
 
• Cost Basis: $9,987,854
 
• Accelerated: $5,159,637 (51.6%)
 
• 1st Year Savings: Over $356,000*
 
• 10-Year NPV Savings: Over $913,000**

Fitness Center: CSS Completed for 2005 Tax Year

The facility consists of a two-story masonry building. At the time of purchase, the facility had been a big box retail store which the current owners converted into a fitness center. The property has a footprint of approximately 33,923 square feet with a total gross area of approximately 69,106 square feet and occupies a 6.56 acre site.

• Placed in Service: September 2004
 
• Cost Basis: $7,374,555
 
• Accelerated: $5,105,069 (28.6%)
 
• 1st Year Savings: Over $224,000*
 
• 10-Year NPV Savings: Over $402,000**