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<br />SENT BY:Xerox Telacoplar 7020 9-14-94 15:10 <br /> <br />612S422070~ <br /> <br />612 490 2276:# 1 <br /> <br />FACSIMILE TRANSMISSION <br /> <br />To: <br /> <br />Steve Sarkozy <br /> <br />, -. .. .. <br /> <br />Re: <br /> <br />Computype <br /> <br /> <br />1. 1.-03 <br /> <br />From: Tom Hauschild <br /> <br />Date I Septembor 14. 1004 <br /> <br />Sorry that we have had such a long series of misscs on phone contact. Given that 1'11 be tied <br />up for most of th~ rest of Wednesday, I thouiht rd lIive you a quick update by Fax. <br /> <br />Since meeting with you and Dennis, we have been wo:ddng with Computype to d.evelop an <br />approach to providing security for the City if it Stants the type of loan that hall been <br />discussed. You luui noted that a second mortgage on the property with the fundina flowing <br />via the Landlord might be a good approach. We met directly with the Land10rd (Mr. <br />Golblatt) on Monday and concluded that there may be a way to do such a second mortgage <br />for 51. portion of th,loan. ComputypliJ'fJ oorporaUl 10ndo., Fi'ot Banks, has al&a been involved <br />in the dis~ussions and has suggested that there may he a way to arrange a seClJrity interest in <br />designated equipment. Bottom line: We need to further refine the approach (or combination <br />of approaches) that can be worked out for your consideration. I can update you more on this <br />when we have the chance to tallc. <br /> <br />Computype has an internal team that i8 .refining the specific expenditures that win be made if <br />the lease commitment is IUnde. At least a prelim.lnary list will likely be available when you <br />meet with Computype tQmorrow. <br /> <br />Finally. Dennis m"ndoned that others from the City or the Coun.cU miaht be accampall.ylng <br />you to Computype. If there are, Computype would appreciate knowing who that wIU be and <br />any backrouDd infonnation that you couid pass on before the meeting WQuld be great. Feel <br />free to caJl me with this info and if I'm tied up p1easc leave a voicema.U. <br /> <br />Computype is looking forward to seeing you tomorrow! Thanks, Steve I <br /> <br />. ...".. .... '" <br /> <br />. . <br /> <br />I . '.' <br />