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Based on the discussion last evening, I’ve made a couple of minor modifications to the amendment to the Master Facilities Agreement that are red-lined on the attached (regarding change
orders, and to delete an instance of repetitious words).

 

There remain some blanks that need to be filled in:

 

(i)         In the third “Whereas” clause, the date of the Modification to the Master Facilities Agreement;

 

(ii)        In Section 2.D., the amount of the contract to construct the Creek Area Park and the amount of Funding No. 1 allocated to that construction contract.  Also, the date by which
UDR will pay to the City the $600,000 and the $150,000.

 

As discussed last evening, the County will be providing funding, and UDR will not be entitled to 8% of the County funds for construction management.  Do you think that is understood,
or would it be helpful to add another example to reflect that?

 

After your review of the document, please let me know if you have any questions or comments.

 

Thanks.

 

John