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<br />ROYALI~~ <br /> <br />\e, -, <br />.-, ";, <br /> <br />.~ <br /> <br />August 14, 2002 <br /> <br />Ellen Paulseth <br />City of Centerville <br />1880 Main Street <br />Centerville, MN 55038 <br /> <br />RE: Lakeland Hills <br /> <br />Dear Ellen Paulseth, <br /> <br />Royal Oaks Realty, Inc. developed the Lakeland Hills project in 1997. We sold lots to <br />various builders. The last lot closed in 1999, therefore, our project was considered <br />completed in 1999. Our letter of credit was returned to us from the city. <br /> <br />In conclusion, we do not feel obligated and will not pay the invoice for $50,097.86. <br /> <br />Sincerely, <br /> <br />Royal Oaks Realty, Inc. <br /> <br />~~ d <br />,~t1'U!<'Y/. A.,~ L;r-..'-- <br />by: Marcel Eibensteiner, Pres. <br /> <br />1000 County Road E West, Suite 150. Shoreview, Minnesota 55126. (651) 483-5518. Fax (651) 483.5642 <br />www.royaloaksrealty.com <br /> <br />L <br />