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06/04/2002 13:24 9198063792 <br /> 4 <br /> CH t� T lv G OVE <br /> . , <br /> June 4,2002 <br /> Mr.Eric Peterson <br /> Town Manager <br /> Town ofld tsborough <br /> 101 East Orange Street <br /> P.O.Box 429 <br /> Hillsborough,NC 27278 <br /> M- Anmexation <br /> Dear Mr. Peterson: <br /> Churbon Grove,LLC does hereby request the Town of Hillsborough to annex the <br /> following parcels at Churton grove: <br /> • The Commerelal site <br /> phase 11 C <br /> • The Multi-family site <br /> Phase 11 B -216 Units <br /> • Single family sections <br /> Phase III and IV-273 Units <br /> We have carefully'assessed this situation and we believe an at amdon of these new <br /> phases would be a fimancial advantage to the Town of]Elillsborough as well as to ourselves <br /> and the future home owners at Churton Grove. <br /> in order to assist in.the annexation,we would be willing to inoresse our costa per the <br /> Sewer/Wow Agreement from$2400,00 per unit to$4800.00 which will provide an <br /> additional$1,173,600.00 to your sewer/water fiord. Additionally,we are willing to donate <br /> $100,000.00 to your FirwPoliee Deparbucat fund,should the awaxatiom be approve. <br /> We also,reoettly discussed how amention could speed up the collection of the <br /> sewer/water tap fees by removal of the Durrett restraint of one hundred fifty-seven(157) <br /> 211 Chancellor's Ridge Drive,Durham,NC 27713 phone: 919-477-5444 Fax: 91'9-605-3792 <br />