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DEC, 9.2905 5 :16PM <br />l2 ®09.2out lotus Fi.m <br />ORRNGE CTY PURCH N0,876 P,1 <br />Dr. Richard ShadtMan, Manager <br />Shachtman LLM <br />Shachtman LLCS 3913, East keRoad, #147 <br />819 - 616.9906 cell <br />Ann and Richard <br />December 3, 2005 <br />Ms. Pam Jones <br />Orange County Purchasing Director <br />PO Box 8181 <br />Hillsborough, NC 27278 <br />As mentioned in my voice mail to you this past week, the sale two Pieces ri es at 50 puzzle <br />were put into place to enable Ann and T 1 o commit to a sale of i he premises <br />IS subject to a mutually .0mitment, of <br />Meadowiand Drive to Orange County. tax finee nature of ti�e�nt6rest on a Seller <br />agreeable contract with respect to price, <br />financed loan to the County from our LLC and other such desiderata as expressed in the list <br />of issues for the contract sent to you previously. <br />As to the key issue of price, the county will pay 1.7 million doll,►rs ($1,700AOOA0) for the <br />land and building and $35,000.00 for the equipment on the list you sent me. There are some <br />other financial arrangements tied to this transaction: as of this date all related parties have <br />agreed to their part and we should be free and clear to construct a mutually agreeable and <br />beneficial legal contract for the sale and purchase of the Prop "r Y' <br />Please feel free to use this document as a "letter of intent° f r purposes of whatever <br />governmental units are involved. My best; call me with arty questions, suggestions, etc. <br />Signatures: MAC th mr. M i-LC by beftrd 5hachMRJ L &M <br />f <br />Dat6: <br />Signature <br />STATE OF � � � <br />COUNTY OF <br />I ova a Notary Public for !laid County and State, do <br />hereby certi Richard Shachtman, manager of Shachtman, LL�C, a limited liability company, <br />personally appeared before me this day and acknowledged the due execution of the foregoing <br />instrument on behalf of the company. <br />