Attachment

ED iS Company EXHIBIT #1 Project: D over Civic Arena COUNCIL MEETING OF 04/12/2007 Cash Flow Projection Projected Completion D ate: 2009 Fiscal Year 2007 Fiscal Year 2008 Fiscal Year 2008 WORK D ESCRIPTION MAY 07 JUN E 07 JULY 07 AUG 07 SEPT 07 OCT 07 N OV 07 D EC 07 JAN 08 FEB 08 MAR 08 APR 08 MAY 08 JUN E 08 Contract 1: Bulk Grad ing Sitew ork & Utilities ---- ---- ---- ---- $150,000 $175,000 $300,000 $300,000 $300,000 $450,000 $525,000 $200,000 $140,000 $275,000 Contract 2: Concrete & Found ations ---- ---- ---- ---- $0 $0 $0 $75,000 $75,000 $225,000 $400,000 $450,000 $450,000 $390,000 Contract 3: Precast Conrete ---- ---- ---- ---- $0 $0 $0 $60,000 $40,000 $20,000 $20,000 $20,000 $20,000 $20,000 Contract 4: Structural & Miscellaneous Steel ---- ---- ---- ---- $0 $0 $0 $50,000 $70,000 $125,000 $50,000 $150,000 $400,000 $500,000 Contract 5: Masonry ---- ---- ---- ---- $0 $0 $0 $50,000 $50,000 $50,000 $50,000 $150,000 $150,000 $150,000 Contract 6: Roofing & Metal Wall Panels ---- ---- ---- ---- $0 $0 $0 $0 $0 $10,000 $0 $0 $0 $0 Contract 7: General Trad es ---- ---- ---- ---- $0 $0 $0 $0 $25,000 $0 $0 $0 $101,300 $50,000 Contract 8: Curtainw all ---- ---- ---- ---- $0 $0 $0 $32,450 $8,800 $0 $7,000 $0 $0 $0 Contract 9: Dryw all & Metal Stud Fram ing ---- ---- ---- ---- $0 $0 $0 $0 $34,000 $0 $0 $0 $0 $0 Contract 10: Ceilings, Flooring, Painting ---- ---- ---- ---- $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Contract 11: Escalators & Elevators ---- ---- ---- ---- $0 $0 $0 $0 $50,000 $50,000 $50,000 $0 $0 $0 Contract 12: Special Equipm ent ---- ---- ---- ---- $0 $0 $0 $0 $0 $0 $0 $0 $0 $27,805 Contract 13: BEAR IN D. - Fire Protection ---- ---- ---- ---- $0 $0 $0 $0 $40,000 $10,000 $0 $0 $0 $0 Contract 14: Mechanical & Plum bing ---- ---- ---- ---- $0 $0 $0 $50,000 $55,000 $75,000 $150,000 $150,000 $250,000 $200,000 Contract 15: Refrigeration Equipm ent ---- ---- ---- ---- $0 $0 $0 $0 $0 $50,000 $50,000 $0 $0 $0 Contract 16: Electric ---- ---- ---- ---- $0 $0 $0 $0 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 Contract 17: Finish Sitew ork ---- ---- ---- ---- $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 TOTAL TRAD E CON TRACT COST $0 $0 $0 $0 $150,000 $175,000 $300,000 $617,450 $797,800 $1,115,000 $1,352,000 $1,170,000 $1,561,300 $1,662,805 ARCH ITECTURAL DESIGN & EN G. $150,000 $150,000 $740,000 $740,000 $782,600 $782,600 $781,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 SOFT COSTS ad m inistrative & consultants $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 CON TIN GEN CY $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 GEN ERAL CON DITION S $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 CM REIMBURSABLE LABOR $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 CM FEE $45,000 $45,000 $45,000 $45,000 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 COST ESCALLATION $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 TOTAL CON STRUCTION COST $195,000 $195,000 $785,000 $785,000 $1,507,800 $1,532,800 $1,656,800 $1,234,250 $1,414,600 $1,731,800 $1,968,800 $1,786,800 $2,178,100 $2,279,605 PERCEN TAGE PER MON TH 0.32% 0.32% 1.31% 1.31% 2.51% 2.55% 2.76% 2.06% 2.36% 2.89% 3.28% 2.98% 3.63% 3.80% PERCEN TAGE PER FISCAL YEAR 0.65% 31.44% FUN D IN G SOURCES CASH IN BAN K $6,500,000 BON D BILL - GEN ERAL ASSEMBLY $7,000,000 KEN T COUN TY $5,000,000 CITY OF D OVER $5,000,000 D ELAWARE STATE UN IVERSITY $2,000,000 KEN T COUN TY BON D ISSUE PRIVATE FUN D IN G SOURCES CASH BALAN CE $6,500,000 $6,305,000 $6,110,000 $5,325,000 $11,540,000 $10,032,200 $8,499,400 $11,842,600 $10,608,350 $9,193,750 $7,461,950 $12,493,150 $10,706,350 $8,528,250 $6,248,645 Page 1

ED iS Company Project: D over Civic Arena Cash Flow Projection Projected Completion D ate: 2009 FISCAL YEAR 2009 FISCAL YEAR 2009 WORK D ESCRIPTION JULY 08 AUG 08 SEP 08 OCT 08 N OV 08 D EC 08 JAN 09 FEB 09 MAR 09 APR 09 MAY 09 JUN E 09 JULY 09 AUG 09 Totals Contract 1: Bulk Grad ing Sitew ork & Utilities $190,000 $170,000 $80,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $160,000 $3,415,000 Contract 2: Concrete & Found ations $270,000 $210,000 $185,000 $90,000 $90,000 $200,000 $0 $0 $0 $0 $0 $0 $0 $160,000 $3,270,000 Contract 3: Precast Conrete $300,000 $700,000 $700,000 $600,000 $300,000 $150,000 $0 $0 $0 $0 $0 $0 $0 $250,000 $3,200,000 Contract 4: Structural & Miscellaneous Steel $500,000 $600,000 $600,000 $600,000 $200,000 $50,000 $0 $0 $0 $0 $0 $0 $0 $380,000 $4,275,000 Contract 5: Masonry $150,000 $250,000 $250,000 $300,000 $206,140 $205,240 $250,000 $200,000 $200,000 $150,000 $100,000 $0 $0 $340,620 $3,252,000 Contract 6: Roofing & Metal Wall Panels $0 $300,000 $450,000 $500,000 $550,000 $250,000 $271,000 $100,000 $50,000 $0 $0 $0 $0 $210,000 $2,691,000 Contract 7: General Trad es $50,000 $100,000 $75,000 $0 $15,000 $20,000 $20,000 $0 $25,000 $75,000 $75,000 $50,000 $0 $50,200 $731,500 Contract 8: Curtainw all $0 $0 $0 $0 $150,000 $200,000 $150,000 $100,000 $100,000 $100,000 $25,000 $25,000 $25,000 $99,750 $1,023,000 Contract 9: Dryw all & Metal Stud Fram ing $0 $0 $93,662 $55,762 $121,102 $368,350 $257,000 $131,000 $60,000 $44,000 $63,994 $0 $0 $100,631 $1,329,500 Contract 10: Ceilings, Flooring, Painting $0 $0 $0 $0 $0 $0 $0 $0 $0 $50,000 $50,000 $50,000 $10,000 $30,000 $190,000 Contract 11: Escalators & Elevators $0 $0 $75,000 $75,000 $100,000 $100,000 $100,000 $100,000 $50,000 $0 $0 $0 $0 $70,000 $820,000 Contract 12: Special Equipm ent $0 $30,735 $0 $0 $0 $0 $100,000 $150,000 $200,000 $300,000 $600,000 $600,000 $400,000 $249,460 $2,658,000 Contract 13: BEAR IN D. - Fire Protection $0 $50,000 $80,000 $75,000 $75,000 $75,000 $50,000 $10,000 $10,000 $10,000 $10,000 $10,000 $55,000 $560,000 Contract 14: Mechanical & Plum bing $250,000 $250,000 $300,000 $300,000 $750,000 $650,000 $750,000 $500,000 $500,000 $450,000 $150,000 $150,000 $150,000 $650,000 $6,730,000 Contract 15: Refrigeration Equipm ent $0 $0 $0 $0 $0 $0 $0 $100,000 $150,000 $100,000 $50,000 $25,000 $25,000 $55,000 $605,000 Contract 16: Electric $100,000 $100,000 $150,000 $150,000 $150,000 $200,000 $200,000 $300,000 $400,000 $500,000 $450,000 $350,000 $350,000 $400,000 $4,100,000 Contract 17: Finish Sitew ork $0 $0 $0 $0 $0 $100,000 $200,000 $200,000 $150,000 $150,000 $300,000 $400,000 $400,000 $250,000 $2,150,000 TOTAL TRAD E CON TRACT COST $1,810,000 $2,710,735 $3,008,662 $2,750,762 $2,707,242 $2,568,590 $2,373,000 $1,931,000 $1,895,000 $1,929,000 $1,873,994 $1,660,000 $1,370,000 $3,510,661 $41,000,000 ARCH ITECTURAL DESIGN & EN G. $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,600 $41,200 $5,000,000 SOFT COSTS $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $208,300 $209,100 $5,000,000 CON TIN GEN CY $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $167,000 $159,000 $4,000,000 GEN ERAL CON DITION S $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $57,500 $77,500 $1,400,000 CM REIMBURSABLE LABOR $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $58,300 $59,100 $1,400,000 CM FEE $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $84,100 $85,700 $2,200,000 COST ESCALLATION $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 TOTAL CON STRUCTION COST $2,426,800 $3,327,535 $3,625,462 $3,367,562 $3,324,042 $3,185,390 $2,989,800 $2,547,800 $2,511,800 $2,545,800 $2,490,794 $2,276,800 $1,986,800 $4,142,261 $60,000,000 PERCEN TAGE PER MON TH 4.04% 5.55% 6.04% 5.61% 5.54% 5.31% 4.98% 4.25% 4.19% 4.24% 4.15% 3.79% 3.31% 6.90% PERCEN TAGE PER FISCAL YEAR 57.70% 10.22% 100.00% $6,500,000 $9,000,000 $16,000,000 $5,000,000 $5,000,000 $4,000,000 $6,000,000 $20,000,000 $20,000,000 $1,500,000 $1,500,000 $3,821,845 $9,494,310 $25,868,848 $22,501,286 $19,177,244 $15,991,854 $13,002,054 $10,454,254 $7,942,454 $9,396,654 $6,905,861 $4,629,061 $4,142,261 ($0) Page 2