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Tim Gladhill <br />From: David Kieffer <dkieffer@stoneyriverweb.com> <br />Sent: Wednesday, July 11, 2012 4:12 PM <br />To: Tim Gladhill <br />Cc: 'Scott Landsman' <br />Subject: Development Fees <br />Good afternoon Tim: <br />Thank you for your time today. The call was very productive. <br />As we mentioned, First Phoenix is looking to close on financing for the Lord of Life land purchase on or before August <br />8th and construction financing shortly thereafter. <br />We are placing a formal request to pay city development fees upon issuance of the Permit versus the Plat. <br />Please let me know your thoughts and if additional information is needed on your end. <br />Regards, <br />David L. Kieffer <br />Managing Director -MN <br />First Phoenix Group, LLC <br />601 Carlson Parkway, Suite 1050 <br />Minneapolis, MN 55305 <br />952.449.5208 Direct <br />612.759.0877 Cell <br />www.stoneyriverweb.com <br />1 <br />