Alton M. Towles, Jr. - Page 8




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          "Family Room", "Study", "Bedroom", "Bath", "Dressing Room",                 
          "Storage", and "Screen Porch".                                              
               The zoning of the Paradise Lane property as a multifamily              
          property was grandfathered by the City of Treasure Island.  If              
          that property had been rezoned as a single-family residence, in             
          order for it to requalify as a multifamily property, it would               
          have to be rezoned as such.  The owner of property zoned by the             
          City of Treasure Island as a single-family residence is permitted           
          to obtain building permits from that city in order to do his/her            
          own building and repair work on such property.  The owner of                
          property zoned by the City of Treasure Island as a commercial               
          property, including multifamily property, is allowed to obtain              
          building permits from that city in order to do his/her own                  
          building and repair work on such property only to the extent that           
          the total cost thereof does not exceed $25,000.                             
               The building located on the Paradise Lane property has not             
          been rented since the tenants moved out in 1993, nor has that               
          property been held out for rent since that time.                            
               With respect to the Paradise Lane property, during 1994 Ms.            
          Towles and Mr. Towles incurred legal expenses of $502.50, in-               
          surance expenses of $1,999.77, utility expenses of $804.35, a               
          license expense of $196, and power expenses of $2,150.86 and also           
          expended $43,569.84 for items, the nature of which is not dis-              
          closed by the record.  With respect to that property, during 1995           





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