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<br />Mr. ~.~ 1. Nocman <br />Stt*mber 21.2004 <br />Pap Two <br /> <br />· B----'-t;on of arcloc:ation CÆpIrt to ~ poteatial re.J-tion costs of <br />pm,.,>, m.t wbbia the NB...eI~.., IDd miew:lD¡tbe J8loatioI1 COltS <br />far Þ"........b1_ .. CODIUItiqwilh Pedal np1edoar, <br /> <br />· I~ ôflOUlCelllJd UIe$ of1Unds rpjcipaœd. in the redne10pDeDt <br />pvject - ~fMd' pp alt...... to test whither a lIdevelopnent project <br />is ~ _ibleat Twin Lalœsj <br /> <br />· þ,tMnM.. pJ-m.. nteotiDp and ci1i COUDDil meetiJJp to pmvide valuation <br />expertise to the deYalopmeat team; <br /> <br />· RmewiDa IDd atIIÜI¡dJI idia1 m.-ttfÙI model prepared bytba firm ofICrass <br />ad Moamc. the CIty oflDsevme'8 fi1t~' ~ <br /> <br />We Ire p1ca.d to tell ,au !hit de IpeIId"'a coœtless boum and a sigJrifiC8llt 6tl1DCiaJ cost 011 your <br />part, 1he.... mcxW. nœutly~ by ICri8I ad Monroe IboWl'" 'YÌth the pp .... <br />IS~ the ~ pmjtct II fina"ðially ~e aDd DIIIbt sup,poz1ed. We bøe <br />rfJ9ÌcINd .. teldecldae11PpiID ~'1ated by ICøis md Momoe and we adopt it IS feasible. Thus, <br />~ rec...... u.t)'OU~ ~.üd with,1he recIev810pmcm poject má coudnue to pUDUe the <br />nc:cetSuy ~ l1>I-uft18. . <br /> <br />We appnciatt: tM ~uWtyto IIIÏIt in your e1!b:rts to masœr pIan a redevelopment wi1bin Twin <br />lAbs 8Dd look bwlld to 'WOddDg with you in 1110 fUture. <br /> <br />Very truly yours, <br /> <br />SHENBHON COMPANY <br /> <br />().,u- rd- ~ <br /> <br />