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1 <br /> Alexander Investors' Servic�es, Ltd. <br /> Portland—Sacramento <br /> Febcvary 19� 1981 <br /> Clty of Everett <br /> Building Depaztment <br /> � � C� � � dL� � <br /> Fta z� tse� <br /> Dear Sirs: <br /> I am acting as a Sponsar for a 4.U.D. fin� �i ,qpaf{/�}tTproject <br /> to Ue bullt at 1126 W. Casino Road in the City of�y.G,r��f�b�k��e�{�chitect, <br /> Charles Morgan� has asked that I write this lettcr t`�J' mp a ze �he urgency <br /> surmunding our applieation for building permit. <br /> We recently received our Exrmanent mortgage financing. While this <br /> commitment is good for two yeare fr�m GNMA� the H.U.D. offices havc recently <br /> been instcucted that tliey shall not b� allowed lo extend the firm commitments <br /> for these projects for more than GO days aftcr the original issue. As a <br /> result� we need to close on Lhe 24th of March. lf lhe cloaing extends any <br /> longer than this [�riod, we will lose wr {rrmanent mortgage financing and <br /> the project will not proceed. It is important thcrefore that �on get out building <br /> �>ezmit as soon as possible since H.U.D. will not cloce on the mortgage wlthout <br /> the building permit. 1 would appredate it therefore if we can make a dcadline <br /> of no 1 ater lhan Fkirch ZOth� of having the t�vilding permit in our architect's <br /> hands. This will give us enough timc to make sure that the docvmentation <br /> can be riuvlded to H.U.D. for the closin9 process. <br /> This is the last item Chat needc to be wmpleted prior to the closing <br /> of�'this apartment project und I would appredate every courtesy and attention <br /> that your office cun extend. Our projectc euccesc or failure literally 11es <br /> in your hands at lhis �wint. We �havc becn working with your offices for <br /> the past year in an effort to get this projecC Chrough H.U.D. and I aincerely <br /> hope,that your cooperation will be extended to its fullest so that this project <br /> may tearh a successful concluaion. Thank you very mudi for your time and <br /> attention. If you have any ques U��ns� please call mysclf at the number belo�.i <br /> or Qiarles Morgan, our architect in Gverett. <br /> . 5lncerely� <br /> r <br /> i <br /> Alexander Paul � <br /> Pres iden t <br /> AP/tic <br /> : file <br /> I � <br /> :, suire�oa • rc�izi i.ntvo, ��iircon�vnoa • rt:t.t:ri ic�nt: �o:�-zza-n�fi� <br />� <br />