Details Slowly Emerge

The details of this recent land purchase by the school district are as follows:

DESCRIPTION: 116.695 acres fronting along Freemanville Road, located in Land Lots 626, 627, 669, 670, 671, 698, 700 and 701, 2nd District, 2nd Section, City of Milton, Georgia

PURCHASE PRICE: $13,478,272.50 ($115,500/acre)

SELLER: LSI-Freemanville, LLC

SIGNING AUTHORITY: LSI-Freemanville Group, LLC, By The Columns Group, Inc., Alvin P. Nash, Executive Vice President

CLOSING DATE: March 30, 2007

Mike Russell

Associate Superintendent of Operations

Fulton County Schools

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