Flight From the City An Experiment in Creative Living On the Land

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15.
1 Time when payment on each loan begins to be adjusted to situation in each family. Installments include interest at 6 per cent and finance fee of $1. 60 per year or 5 cents per installment.
2 Includes all carrying costs on community property listed in Schedule I.
SCHEDULE I Loan to Unit for the Purchase of Land and Community Property Items Costs 160 acres land, farmhouse, 3 barns, silo, etc $ 8, 000. 00 Repairs to community bldgs. , wells, etc 400. 00 Road-building materials 1, 000. 00 Com
...munity tractor, plow, harrows, etc. , second hand 300. 00 Community building-machinery Concrete mixer $ 50. 00 Band saw, joiner, circular saws, etc 115 . 00 Builder's forms 50. 00 315 . 00 Total community investment for each of thirty-five homesteads. . . $10, 015 . 00 Investment per homestead 186 . 41 POSTLUDE 163 Carrying Costs of Community Property: Interest and amortization of above loan for fifteen years $ i, ozi . 75 Insurance 12. 5 . 00 Taxes 2. 50 . Oo Depreciation and machinery replacements X35 .

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