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DEBT AND LETTER OF CREDIT (Tables)
12 Months Ended
Oct. 31, 2012
Debt And Letter Of Credit Tables  
Schedule of debt

Debt as of October 31, 2012 and 2011 consists of the following:

       
  10/31/12  10/31/11 
Mortgage notes payable to bank, interest fixed at 6.90% payable in monthly installments of $61,769 including interest through Fiscal 2031. $7,802,416  $7,997,897 
Mortgage notes payable to bank, interest at the banks prime rate payable in monthly installments of $3,198 through January 2014. Paid in full in Fiscal 2012. 118,320 
Mortgage note payable to bank, interest fixed at 5.59% payable in monthly installments of $44,156 including interest through October 2014. 6,759,338  6,900,665 
Construction and site development line of credit mortgage note payable to bank, interest at the greater of LIBOR plus 3.5% or 5.5% payable in installments due at the closing of each unit within the development through September 2012 or on demand. Paid in full in Fiscal 2012. 6,156,652 
Revolving line of credit payable to bank, interest at the greater of LIBOR plus 3.5% or 5.5% (5.5% at October 31, 2012) payable on demand. 2,221,237  1,197,131 
Term note payable to bank, interest at one-month LIBOR plus 3.0%.  Interest only payments due monthly through December 2011 at which time principal balance is due in full. Paid in full in Fiscal 2012. 4,600,000 
Capital lease obligation payable to bank, interest fixed at 5.23%, payable in 24 installments of $8,682 due April 2011 through September 2014.    97,425  142,455 
  16,880,416  27,113,120 
Discontinued operations debt:    
Mortgage note payable to bank, interest fixed at 6.75% payable in monthly installments of $7,255 including interest through May 2014.  (Included in liabilities of discontinued operations.) Paid in full in fiscal 2012. 1,010,384 
  $16,880,416  $28,123,504