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,...✓. � ., ,_.��. . ....,,...A.::a. . . ._.... .. .. .... . .. .. ._..._.,...- <br />Y • <br />Page 2 <br />As was discussed in the meeting, the City has notified the other developePs on <br />Casino Road that satisfied the;r obligation by letter oi payment guarantee ti�at <br />their payment will be required on or before June 3, 1981. It was your response <br />that you wuuld need until the end of 7une. The end of June is acceptable to the <br />City provided ir.terest is paid at o rate of 12�Xi beginning on 7une 3, 1981. <br />Therefore, if by 7uly 1, 1981, youipay to the City of Everett $4k,070.00 plus <br />y� <br />$408.80 interest (28 days, June 3- July 1, or to �tr earlier date�p yment) the <br />City will consider your devel•�pment in compliance with the agreement you <br />signed on for Phase I of Cascade Village Park. <br />We apologize fcr any inconvenience our error may have caused you and appre- <br />��ate the time you and your people spent here on April 30, 1981 to resolve the <br />problems that developed. <br />If you have any questions regarding tt�� matter, please contact Lon Mayberry at <br />259-8811. <br />Sincerely, <br />ALFRED R. THEAL <br />Yublic Works Director <br />By: 7ohn Patzold <br />Permit Coordinator <br />7P:LM:mh <br />Enclosure <br />