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LAW OFFICES <br />COLEMAN, GLEDHILL, HARGRAVE & PEEK <br />A PROFESSIONAL CORPORATION <br />129 E. TRYON STREET <br />P. O. DRAWER 1529 <br />HILLSBOROUGH, NORTH CAROLINA 27278 <br />919-732-2196 <br />FAX 919.732-7997 <br />www.cghp-law.com February 27, 2009 <br />Stephen D. Lowry, Esquire <br />The Law Offices of Lowry & Associates <br />8358 Six Forks Road, Suite 104 <br />Raleigh, North Carolina 27615 <br />RE: CASH -Pritchard Avenue <br />Dear Steve: <br />' ''L _ _ ...~ 1 <br />MAR 1 <br />0 3 2009 } <br />G <br />__ 7 <br />FROM THE DESK OF <br />GEOFFREY E. GLEDHILL <br />E-MAIL: ggledhill@cghp-law.com <br />Enclosed are the Subordination Deed and the Development Agreement for the HOME <br />money funding of this project. Both are originally signed by Orange County. The Subordination <br />Deed will need to be completed incident to its recording. I think you now have everything you <br />need to complete the closing on this transaction. I look forward to receiving the title insurance <br />policy(ies) updated to reflect the HOME program transaction and the repair of the Orange <br />County affordable housing bond portion of the transaction. <br />With a copy of this letter to Tara Fikes I am enclosing the original of the Amendment to <br />Promissory Note (related to the housing bond program loan) and the original of the HOME <br />program Development Agreement. With a copy of this letter to Donna Baker I am enclosing a <br />copy of the HOME program loan agreement. That agreement was approved by the Orange <br />County Board of Commissioners at the Board's May 1, 2008 meeting. <br />Very truly yours, <br />COLEI~'AN, GLEDHILL, HARGRAVE & PEEK, P.C. <br />E. <br />GEG/lsg <br />Enclosures <br />xc: Donna Baker <br />Tara Fikes <br />F:\Lisa\letters\Stephen Lowry CASA Pritchard Ave ltr.doc <br />