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� �� <br />l.1�1 <br />. <br />• � �{�.�. � .. ....,:_... _,....r,,..,.,,-.., <br />American Estates <br />4312 127th PL SE <br />Everett, Wa 98208 <br />( 2C5 ) 337-;5188 <br />Planning Dept. <br />City Of Everett. <br />3002 Wetmore <br />Everett, WA 98201 <br />;;E_� i c ���::, <br />RE: Nead building permit to meet occup�ncy dead 11ne. <br />(1031 exchange) <br />Dear Sir: <br />I sold 2 usc+d homes and contracted to replace them wiLh 2 <br />ho P� wlthin �he 180 day� allowed by the IRS on Lhe 1031 <br />new m » <br />exchanqP plan. <br />The used honies closetl July 28, 1991. <br />The replacements were indentified August 12, 1991 (AS Days). <br />The fol].owing six month� was my building window for <br />completing tha proj�ct: <br />July 2B, Gone <br />Aug 26, Gon� <br />Sept 28, 7 <br />Oct 28 <br />Nov 20 <br />Dec 20 <br />Due to no one's fault but Murphy's Law the county would'nt <br />tako my plans br�c:,uso they g��ve up thelr intarest in this <br />iand area to the city. Th�s annoxation was to bo final in <br />July but it was extened to Aucust 28. I have been waitin9 <br />fer 2 months for the annexaCion to gu through. Today I <br />called and I was told they won't givo me a permit for <br />another 4 to 6+ weeks until all thn pape;s were signed. I <br />have had my plans sittin9 in limbo al.l this time bocause all <br />the city's "i's" havon't beon dotted. I t.Fiou9h that 1 would <br />get my bu-.lding permiC after the last exCension date of the <br />annex, then the date was s�t back to August 26. If I <br />default on this contract co replac= the investment proporty <br />by the deadline, the purcha�er will loose about 330,000 and <br />I kn�w that she will hald ma respon�ible for this lo.=.e. <br />PLEASE HELP. <br />:inr.erelY, <br />A1 Foss and Pat Weber ��',`.���Q`i/ <br />1 <br />Incl;���d arP copY of the rule of the 1031 exchanqe <br />