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• <br /> PHILIP POST <br /> Er ASSOCIATES <br /> ENGINEERS/PLANNERS/SURVEYORS <br /> Mr. Marvin Collins <br /> 30 January 1987 <br /> Page Three <br /> 2. Bank financing for base and paving was obtained on August 6, <br /> 1986 and loan fees were paid. A contract was signed with REA <br /> Construction on November 1 . 1986 for 550,000 to do fine grading. <br /> base and paving. The Durham County NCDOT office does not <br /> permit <br /> road construction to proceed generally between December 1 and <br /> March 15, therefore the fob is now "shut down- for the winter. <br /> Summary <br /> 1 . Mr. Sneed is a full-time employee of Liggett and Meyers. <br /> This development is his first single family subdivision. It is <br /> a family endeavor by people who are not "developers". <br /> 2. The initial delay on locating the county line was very <br /> costly. We could not do lot layouts or final "pert" testing <br /> until we knew where the line was. <br /> 3. The snafu with NCDOT was unfortunate; we were bounced around <br /> for several months. then arrived in Durham County just after <br /> Billy Timberlake left and the plans sat in Durham for almost <br /> four months before being reviewed. <br /> Work on the site began in April 1986. By May 1986, everyone <br /> was very busy in construction and trying to pry loose the final <br /> approvals from NCDOT. No one thought about the expiration date <br /> of the preliminary. plat. <br /> I respectfully request that the original preliminary plat <br /> approval be extended. We will submit the final plat to you on <br /> or before February 20, 1987, if <br /> final you concur- We would record the <br /> plat as soon as the County approves it. The 5needs are <br /> prepared to post a letter of credit for the street work <br /> remaining. <br /> Since learning the news last Monday that hie, preliminary <br /> plat may have lost approval. Mr. -Sneed experienced heart trouble <br /> and is confined to bed . All correspondence or <br /> phone <br /> go through his wife at home (732-4403) or at work C383-1678) . <br />