Status

Project Plan
PACIFIC NORTH AMERICAN INCOME FUND

SAPRAE CREEK ESTATES

Purchase Date: January, 2010.

STATUS: December 2011: We have completed the clearing of the properties (see photos), and lot-marker signs have been installed. The lot reservations process, which occurred in September and October, went very smoothly and quickly. Purchase Agreements are now being completed by reservation holders.
On the development side, we are working towards approval and registration of our engineering and subdivision plan for East and West Saprae. We anticipate the installation of services in the Spring of 2012. It is our goal to start turning over serviced lots in the summer months of 2012.