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Asso�� <br /> t°� r� <br /> � 2 Adndntahndvt OJJIcer <br /> �, n <br /> 50- I 16�h Ave.S.E.,Suite M210 Bellevue,Wuhingwn 98004 <br /> Tekphone: (?A6)454-8900 - Faa:(?A6)454•8443 <br /> September 27, 1994 <br /> I {l� (� ,. ;�: J !',� r r� <br /> Larr� crawford ` ' . � � .� <br /> Pubhc Works Department SEP 2 8 tggq � � <br /> 3200 Cedar Street <br /> Everett, WA 98201 CITY OF EVERETi' � <br /> RE: Victorian Placc Pubilc Works Dept. <br /> � �m� <br /> On behalf of mysclf and Donna St. Pierre I would like to thank you for the assistance you <br /> gave us in the pre-conswction phase of developing the Victorian Place Apartments. As yw <br /> may or may not be aware, there were a lot of pieces that had to fall into place. We had <br /> to obtain a building permit in a timely fashion, and meet a number of very specific <br /> requirements to accomplish our Federal/State financing. This financing included obtaimng <br /> several low interest rate loans from various government agencies All of this had to come <br /> together no later than September 15. <br /> The City of Everett, our staff, and many others put forlh 120% effort to accomplish what <br /> appeared to be the impossible. Unfortunately, all of the pieces came into place with the <br /> exception of the low income loan from DCTED. As a result we are going to have to stop <br /> work on this project and re-group. Our intent at this dme is to re-apply for the tax credits <br /> in 1995, but in the meandme the project is definitely on hold. <br /> Again, thank you for your efforts and I'm sorry that wc are not able to proceed forward at <br /> this time but look forward to working wilh you on our other projects. <br /> Very wly yours, <br /> �� �-� (,, ��� .,( ,�:, -�_�>"' ,l� <br /> . � v. <br /> C. Edward Springman <br /> President <br /> SHERRON ASSOCIATES, INC. <br /> CES/ei <br /> G1S1-VICf2 <br />