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October 2; 2008 <br /> � Greg Crowe <br /> Assistant City Manager <br /> � City of Decatur <br /> a 1 Gary K.Anderson P�aza <br /> Decafur, !L <br /> Re: Final Invoice—Wabash Crossing <br /> • <br /> � Dear Greg, <br /> � <br /> P�ease find attact�ed the finai closing invQice for Wabash Crossing HOPE VI P�ase 111. Per my e-maif <br /> � last week, there is about$34,624.52 overage in this final closing. This is due to the following <br /> SIGNAT[IRE reasons: <br /> 1. As you know, uniike the pre�ious Phase,there are several new players on the part of the other <br /> tripartite parties, Bank of Ame�ica. Apollo, along with their multiple respe�tive Legal Counsels. <br /> This led to multiple reviews of their documents and re-reviews of revisions to multiple <br /> documents in order to ensure the City's interest is protected: <br /> � _ <br /> � <br /> � <br /> � <br /> m <br /> n <br /> °� 2. You will recall from the email exchanges(t�affic) and oonference calts from the Rental TeRn <br /> r Sheet prep and submission all the way to draft and final evidentiaries, they were multitude e- <br /> mails of recfrafted, revisions and reviews of many evidentiary materials for the closing, in <br /> � addition to the final due diligenoe of the closing —aU of these were not contemplated in our <br /> ,_; originaf budget and I did not want to h�ld the process up because t know that closing#he <br /> `" transaction is paramourit and tf�e incremental workltime would be addressed later. Now I am <br /> m getting pressure from our Counsel to settle now that we have closed. <br /> N ' <br /> \ <br /> m <br /> m <br /> m <br /> � Sicra�uunF D�wA.�xr�Corisuuuac Gaot�,LLG <br /> �[soSouih�va6ash,5nt�esa (�cago.lLaows ♦ ate�ooe�t�.ss�.o3�� ♦ ftclf].B11_0!i] ♦ww..ctpoanne-devdopmeat.000n <br />