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(3 E I S L E R, ��'A Ir►8 f� Gi�I 9 I.�R �G`orsun�s,w,�� <br /> A81�I�R O. Ii�IRi.N7R • 241 SOUTH MAIN STREET <br /> I2ANDALL D. WAK9 P. O. BOX i�a7 <br /> CIAItY F. (3F7I:'iL19R D�CATUR�I7.LINnIfi RQ6Qtf-114i <br /> J� R�Y S. (3I7I�L�R (217) a23-eoel <br /> November 2, 1987 <br /> Mr. Les Al1en <br /> City Manager <br /> City of Decatur <br /> #1 Civic Center Plaza <br /> Decatur, IL 62523 <br /> Re: Southtowne Plaza Parking Lot <br /> Dear Mr. Allen: <br /> I have previously provided you and John Couter with a copy of the <br /> , a • i c a. y,.,.. t. <br /> ncil�. L i�a Jai ia�.0 Q�rl1Gl1JGl1 i�i. `t'ic ou�v 2 Pc3i n1IIC� u��u J��..l'.:CC�. dt. <br /> $23 ,000. As you will recall, this area is presently under lease <br /> with the City. It is my understanding that you have expressed a <br /> willingness to recommend that the City Council approve a sale of <br /> the area for this appraised figure. <br /> I am happy to announce that Magna Millikin National Bank of <br /> Decatur, as Trustee under Trust Number .2433, and Irving B. <br /> � Melnik, as beneficiary, have received a loan commitment from Mid- <br /> North Financial Services, Inc. , to proceed with the refinancing <br /> of the Southtowne Plaza including the purchase of the parking <br /> area from the City of Decatur. <br /> ' As counsel for the Trust and Mr. Melnik, we ask that you proceed <br /> to get approval of an orc�inance so we can proceed to a closing <br /> within the next two weeks. As I indicated to John Couter, I am <br /> available to appear before the City Council to explain the <br /> purchase. Please advise me of the council meeting when this will <br /> be presented. <br /> - Thank you for your attention and assistance on this matter. We <br /> apprecia a possible diligence. <br /> Very tr o s, <br /> , <br /> � <br /> Gary . Geisler <br /> Atto ney at Law <br /> GFG: sds . <br /> cc: John Couter � <br /> Irving Melnik , <br />