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As of 11/5/01 <br /> DUE DILIGENCE LIST <br /> ORONO WOODS APARTMENT PROJECT <br /> 1. LLC's Articles of Organization-received <br /> 2. LLC's Operating Agreement - received <br /> 3. LLC's Good Standing Certificate - received <br /> 4. Wedum's Articles of Incorporation-received <br /> 5. Wedum's Bylaws-received <br /> 6. Wedum's 501(c)(3) Determination Letter-received <br /> 7. Wedum's Good Standing Certificate-received <br /> 8. Wedum's Financial Statements for last 3 years-received <br /> 9. UCC Search-ordered <br /> 10. Proposed form of occupancy agreements with residents-received <br /> 11. Copies of all material licenses, permits or other governmental consents-N/A <br /> 12. Copies of marketing materials-received <br /> 13. Signed land purchase agreement between Orono Senior Housing and Union Land <br /> LLC - draft received <br /> 14. Signed land purchase agreement between Union Land LLC and Orono Ambar <br /> LLC -please provide prior to printing POS <br /> 15. Signed land purchase agreement between Orono Ambar LLC and the Rebers- <br /> received <br /> 16. Final Market Study with an update and reliance letter addressed to Miller Johnson <br /> Steichen Kinnard, Inc. -final Market Study and reliance letter received <br /> 17. Phase I with an update and reliance letter addressed to Miller Johnson Steichen <br /> Kinnard, Inc. -Phase I and reliance letter received <br /> 18. Appraisal - received; reliance letter requested <br />