LAND AND LAND DEVELOPMENT COSTS

3 Months Ended

Jan. 31, 2013

Land And Land Development Costs

LAND AND LAND DEVELOPMENT COSTS

6.  Land and Land Development Costs

Land and improvements in progress held for development consist of the following:

	01/31/2013	10/31/2012
Land unimproved designated for development	$10,563,084	$10,593,519
Residential development	5,084,262	5,084,262
Infrastructure development	4,678,258	4,674,285
	$20,325,604	$20,352,066

The decrease in land unimproved designated for development was the result of the reclassification of Lot 4 in Saylorsburg, Pennsylvania to an asset held for sale. The increase in infrastructure development was related to the Big Boulder wastewater facility and Lakeshore development projects.