Lake Martin Topics: Leased Lots-fine print

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	Name:	Feb -
	Subject:	Leased Lots-fine print
	Date:	5/10/2005 11:01:08 PM

Hi Maddog, The 30 lots for this year's lease auction range from $325.00 to $425.00 per month. The size of lot, ft. of water frontage and location are probably the discriminators APC uses to set the individual lots monthly lease rate. These rates can escalate (I believe) after the first five years based on an inflationary index. Another thing to study in the fine print. Your bid amount is a sunk cost and does not apply toward the monthly lease amount. The bidder selects which lot they are bidding on and can bid on several lots with individual bids. If you do not win the bid then your bid check is returned to you.