Clay,

 

Attached is a 30-day statement for the $30,000 MSF/EHOAA invoiced the Town on 8/3/2009 (the attachment excludes all the back-up due to file size).  If the $30K is paid, there will still
be a balance of $15,534.19 held on account by the Town of which $7,500.15 is the required retainage per the contract.  Pursuant to the Developer Participation Agreement, payment is to
be made within 30 days of receipt of invoice.

 

As you might recall Airport Management forwarded the invoice on 8/3/09 to your attention but later learned that the email did not go through apparently due to its file size.  The recommendation
for payment was resent to your attention on about the 16th of August via a FTP site, which you acknowledge receipt.  Can you please advise us on the status of this payment and when MSF/EHOAA
might expect payment.  Ideally, we would like to see this project closed out by the end of the fiscal year if possible.

 

 

Bill Dyer

Real Estate Manager

Addison Airport

972-392-4856