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November 10, 2000 <br /> <br />Earl & Karen Bach <br />446 Sycamore Road <br />Plen~ton, CA 94566-7767 <br /> <br />A~enfion:Earl&Karen Bach <br /> <br />Re: Owner's Request for Information <br /> <br />Dear Mr. & Mrs. Bach: <br /> <br />Per your request, I am writing this letter to help clarify the recem event that is taking <br />place with the construction of a driveway on your eastern propen'y line. <br /> <br />Even though wc are not in the field supervising the current construction, Sycamore <br />Funding D~velopment Company, Inc. did fund the project, and we ~ the money that <br />was withheld from you to help share in the costs of improving your property. At this <br />time it appears that the project costs will smpms the original budget by almost 20%. <br />Unfortunately, this may cost you as much as $5,500. <br /> <br />Pursuant to the signed ag~ement, "Agre~nent for Purchase of Right-of-Way, July 1998", <br />Paragraph 5, Section 2, if the a~tual costs exceed the original amount of $27,300 withheld <br />from the Owner, then Sycamore Funding Development Company, Inc has the right of <br />reimbursement from you for the difference. Our intentions at this time are not to pursue <br />any reimbursement from you on this matter. <br /> <br />Please call me at (408) 556-1842 if you have any further questions. <br /> <br />Sincerely, <br />Sycamore Funding Development Company, Inc. <br /> <br />Mark E, Riesar II, P.E. <br />Project Manager <br /> <br />Cc: Carol Meyer, Mike Meyers, Mort Newman, Pat Costanzo, Jim Betson, <br /> Mike Harla~ <br /> <br /> <br />