HomeMy WebLinkAboutSUPPLT INFO - Ltr from Sunrise Companylarik.
SUI'RJSE
COMPANY
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JAN 16.2003
January 14, 2009
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Ms. Debra Lee
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, CA 92260
RE: Reimbursement Agreement — Hovley Street Improvements
Dear Ms. Lee:
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We have received your letter of January 6, 2009 requesting payment of the
principal and interest due under the Reimbursement Agreement dated August 24,
2000 for the Hovley street improvements. Given the current economic climate,
we respectfully request a two-year extension to make this payment, under the
current terms of 6% annual interest.
Thank you for your consideration.
Sincerely,
Phillip K. Smit , Jr.
President
300 Eagle Dance Circle, Palrn Desert, California 92211, Telephone (760) 772-7227, FAX (760) 772-7288
Builder of America's Finest Country Club Communities