Interstate Auction Company, 3751 Venture Drive, Suite 205, Post Office Box 1257, Duluth, GA 30136-1257

R -- INTERSTATE AUCTION COMPANY PROPERTY PREPARATION SOL 0710-95-0201-010-0036-001 DUE 042095 POC Contact Point, Becky DuPree, (404)476-4047 INTERSTATE AUCTION COMPANY NOTICE OF INTENT TO SOLICIT QUALIFIED PROPERTY PREPARATION CONTRACTORS FOR A SERIES OF AFFORDABLE HOUSING DISPOSITION RESIDENTIAL PROPERTY AUCTIONS SOS #0710-95-0201-010-0036-001 The Interstate Auction Company intends to distribute a Solicitation of Services requesting proposals from qualified firms to perform required maintenance to prepare between 30 and 75 single family residential properties for sale by auction. These properties are located in the states of West Virginia, Virginia, Maryland and the District of Columbia. The properties to be prepared for sale are owned by various receiverships or conservatorships and/or their subsidiaries, all of which are controlled by the Resolution Trust Corporation. The property preparation services will include, but will not necessarily be limited to: providing individual cost estimates; completing approved property repairs; assist in the distribution of marketing brochures; assist in opening properties for ''open houses''; prepare comprehensive completion reports for each property prepared. To be considered well qualified a firm must: (1) have experience in preparing large number of properties for sale, in a short period of time, ie; complete preparations on up to 75 properties in a 90-100 day period; (2) meet the following insurance requirements; a) Performance Bonds in an amount not less that $300,000, b) Workman's Compensation Insurance, c) General Liability Insurance in an amount not less than $1,000,000; (3) demonstrate knowledge of RTC Minimum Habitability requirements; (4) be licensed, or agree to become licensed to do business in the states of West Virginia, Virginia, Maryland and the District of Columbia; and (5) have financial capability to wait up to 30 days on payment for work performed on individual properties. Firms desiring to respond to this announcement must submit a notification letter on official firm letterhead stating affirmatively that the firm is qualified to perform the above services and to meet the above requirements and is interested in receiving a solicitation. The notification letter must include; firm name; street address; phone and facsimile numbers; federal tax identification number (TIN); name of contact person; whether or not Offeror is a Minority or Women Owned Business (''MWOB''); and signature of an officer or general partner of the firm. Notification letters must include a firm resume not to exceed four pages. It is the intent of Interstate Auction Company to distribute the solicitation only to qualified firms. MWOBs are encouraged to apply and will be given special consideration. Interstate Auction Company also encourages the participation of MWOBs in joint venture and subcontracting arrangements. Notification letters must be either hand delivered, sent by overnight courier, or certified mail, return receipt requested to: Interstate Auction Company, 3751 Venture Dr., Suite 205, P. O. Box 1257, Duluth, GA 30136-1257. Attention: Becky DuPree. Phone Number (404) 476-4047. Notification letters must be received on or before 5:00 P.M. Eastern Standard Time on Thursday, April 20, 1995. Notification letters received after this time, or which do not conform with all above instructions, will be deemed non-responsive. Firms responding as directed in this announcement, with the appropriate experience and meeting necessary requirements, will be mailed a detailed Solicitation of Services authorizing them to submit a proposal. (0094)

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