Demolition Management and Monitoring Contract Update December 13,

 All currently assigned LLT properties will complete demolition by March 31, 2011  All remaining eligible properties will be tasked for demolition by LLT by December 31, 2010 (approx. 750 properties)  New Demolition Contract(s) advertised and awarded by February 15, 2011  All remaining eligible properties will complete demolition by June 30, 2011  Closeout documentation completed and delivered to LLT by August 31, 2011  Project office closed  Storm Water compliance inspections cease at closeout 2

8500 properties cleared for demolition  All 8500 Properties Transferred as a clean demolished sites (Significant blight reduction accomplishment!)  All demolitions complete in 6 months (June 30, 2011)  Complete all available demolition and site restoration work within LLT Budget  Reduces on-going LLT security and maintenance costs  Completes all LLT goals for properties prior to disposition  Allows more time to process and transfer Historic Structures in New Orleans ($200,000 cost implication) 3

4 Proposed Closeout Scenario Budget (Demolition Management Costs) Amend Average Monthly Expenditure Demolitions CompletedCost at Completion Completion Date 5 (Approved Oct 11, 2010) $413, $28,671,016Mar 2011 Proposed 6 $638, $33,243,000Aug 2011* *Demolitions complete by June 31, 2011, documentation completed by August 30, 2011

5 Expenditure & Production Rates Versus Time –––– Management Costs / month (Actual) Management Costs / month (Projected) –––– Demolitions Completed / month Scenarios Average Monthly Expenditure Demolitions Completed Cost at Completion 4$638, $33,243,000