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HAMLIN Peggy D <br /> From: ROYER Russ C <br /> ~ : Sent: Monday, October 10, 2005 3:07 PM <br /> To: PETERSON Tish A; CUTSOGEORGE Sue L; HAMLIN Peggy D <br /> ' Cc: MEDLIN Johnny R; CLARK Debbie D <br /> Subject: RE: Evans parcel acquisition <br /> We typically try to have a check request submitted by Friday or Monday morning for a check to be received Thursday. Our <br /> original executed and accepted purchase agreement was dated August 8 with a closing to follow in 60 days which would <br /> have been the end of last week. Because of the opportunity to apply for the federal funding it required a revised <br /> agreement, which I drafted and submitted to the owner for review last Friday. I believe it is acceptable to him and I should <br /> be able to get his signature by tomorrow. Can will go ahead and submit the check request at this time or do you need to <br /> have a copy of the revised executed agreement? I wasn't sure where the most flexibility was or how we are on deadline <br /> for a check request for a check later this week? The check will need to be payable to Cascade Title and Escrow for the <br /> $200,000 -for pass through to the Evans. Cascade said they would defer the immediate recording and associated costs <br /> until the actual closing, so we don't have to wait for determination of those costs to be added to the request. Thank you all. <br /> 'Russ <br /> J -----Original Message----- <br /> From: PETERSON Tish A <br /> Sent: Friday, October 07, 2005 3:10 PM <br /> ~ To: PETERSON Tish A; ROYER Russ C; CUTSOGEORGE Sue L <br /> Cc: HAMLIN Peggy D; MEDLIN Johnny R; RISDAL Lacey L; PERRY Jeff J <br /> i Subject: RE: Evans parcel acquisition <br /> I just talked w/ Peggy. While it's a little out of the ordinary, we think it's perfectly appropriate to get a PO on the system <br /> at this point. Russ, would you send Debbie a copy of the agreement when you finish it? Debbie, please go ahead on <br /> the PO after you get the agreement from Russ. <br /> - Questions, or suggestions, anyone? <br /> I <br /> -----Original Message----- <br /> ; From: PETERSON Tish A <br /> Sent: Wednesday, October 05, 2005 4:02 PM <br /> To: ROYER Russ C; CUTSOGEORGE Sue L <br /> <br /> ~ Cc: HAMLIN Peggy D; MEDLIN Johnny R; RISDAL Lacey L <br /> .Subject: RE: Evans parcel acquisition <br /> Just talked w/ Debbie Clark. Encumbering the $ apparently requires an actual PO on the system. Peggy will be <br /> back tomorrow - I'd like to get her thoughts about the appropriate process, given all we're trying to accomplish. <br /> Peggy, fyi, here's where we are today: (based on today's meeting of Johnny, Russ, Tish, Sue) <br /> Russ will write the agreement to include non-refundable earnest money of $200k. <br /> Balance due is $605k, plus an amount to acknowledge the appreciation in the value of the property. Appreciation <br /> amount will increase with each month, using 7% annual appreciation. <br /> .Johnny would like to encumber the balance, but the four of us weren't sure about implications of encumbering vs. <br /> just appropriating the $ within a specific project. I'm hoping you and 1 can chat tomorrow and then follow up with <br /> the group. <br /> Russ/Sue/Johnny - of course flag anything I missed or messed up. Thanks <br /> -Tish <br /> -----Original Message----- <br /> From: ROYER Russ C <br /> Sent: v Wednesday, October 05, 2005 3:47 PM <br /> ' To: CUTSOGEORGE Sue L; PETERSON Tish A <br /> Subject: FW: Evans parcel acquisition <br /> This was the project number I was referring to. Do you think it is sufficient to encumber the total $800,000? <br /> 1 <br /> <br /> _ _ <br /> _ _ <br /> <br />