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Mr. I�ent Carlson <br />July 15, 2008 <br />Page 2 of 2 <br />This letter serves �s the written notice required by Section 8.2 of the Agreement. If <br />R�an does not pay the City the ninety-t�iree thousand five hundred seventy four dollars <br />{$93,574) which. it owes within ten (10} da�s of its receipf of this let#er, we will approach the <br />Ciiy Cauncil for authorization to declare Ryan in default, pursuant to Section 8.1(a} of the <br />Agreemen�, of its contractual obligations and to praceed with remedies au�horized by Section <br />8.2 of the Agreement. <br />As you are aware, if the City c�eclares an event of default, Ryan is ob�igated under <br />Section 8.5 of the Agreement to pay ar�y attarneys' fees or other costs incurred by the City to <br />eollect upon Ryan's debt. Should the City declare an event of defaul�, the City intends �o <br />coliect attorneys' fees from Ryan. This lett�r s�rves as the forma� derr�and for required by <br />Section 8.5 of the Agreement. <br />Very trul yours, <br />� �� <br />Jay . S�quires <br />Christian R. Shafer <br />cc: Christopher Miller <br />JTS/crs <br />RRM: 120530 <br />