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s} <br />w�r� 'z'alg Waldron <br />IT.t�-,rchr22, 1990 <br />mt:r.W zIlly su�aplants as t.c: this facility file inst��ar;c«: , <br />aricl �-c;cc�t�stxlxcti.on px-ovisions of the DevF�lopme-nt Agrcernt.nt: <br />Section 5. 4 of the UeVelopment Agreernent 4ontomplato_s, a?zet a. r. <br />does x1ot Pro -,tide the mortgage, notice anal cure oppoxttcr'�1T i;r�s <br />of VIII .r cvc'n tl�e shorter list: of <br />r�t.x_C1v o <br />f �'rth inSeCt 1071 8.6 {W}acre t1t0 1 f.iCations Ut �.�'it? � t Z.�r <br />;ter to be cox7sidered for the bene--it of mortgage es i . <br />The-, E3iAboz.dination Agreeptent of f ec: t iveIV <br />s r i. ht s without. creating new r_i gt1t•.s in the <br />without upsetting ng the desired relationship of the Cityr .' <br />�.. <br />the�eue10 er and Owner, Mich wi1J.. bc. governed by t1m D v.t <br />o.., t. Since the suboidir.atio.n does not fully Coll;,i.; <br />it i s appropriate that �± ,, Ut_,vr a ,a�,,� z <br />� . tx . !?.1_t���r;�c nt Agre��ittcr1t,. <br />"F ].t, and ti7t� SuL)OI:-diri-tticn Ag.i e€_>!,ic.nt <br />c,j_gp� cf Grl <br />�tl� �`1n7I'lt,i 1• <br />Ccx i��1=znt� and Acknowledgments of chose <br />p,ease gall if you havc� questiazls nFrr,ts. <br />Very truly you <br />Tony Stembc-rge r <br />