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n u i o ass COn1 ~~~ BUILDERS -DEVELOPERS 1403 PITCHING WEDGE DRIVE, #305 RALEIGH, NORTH CAROLINA 27603 TELEPHONE (919) 662.0122 FAX (919) 662.0124 P.O. BOX 160 • 709 N. MAIN STREET June 9, 2010 AYNOR, SOUTH CAROLINA 29511 TELEPHONE (843) 358.7052 FAX (843) 358-1069 Ms. Kassie Watts Cabarrus County Governmental Center 65 Church Street Southeast Concord, NC 28025 Dear Ms. Watts: It is my understanding that at the Commissioners' Work Session on June 7, 2010, Commissioner Elizabeth Poole had a question about the controversy in the newspaper recently regarding our proposed development, Forest Park Crossing, to be located in Kannapolis. Our representative at the meeting was unaware of any controversy. I wanted to address this question. There really was no controversy; the City of Kannapolis simply chose not to provide financing for our proposed development. The newspaper reports may have made the issue seem controversial, but it really wasn't. The City of Kannapolis had provided financing in the past for our apartment community for seniors, The Villas at Forest Park, which is adjacent to this site. I asked them to also contribute to our proposed family development, Forest Park Crossing. The City did not wish to provide any financing for a family property and the Council stated crime and the burden on their police force as reasons why, based on statistics at other communities owned and operated by other developers currently located in Kannapolis. Council voted 4-2, despite statistics from our communities which are significantly lower than theirs and despite receiving numerous letters from police departments and local governments in other jurisdictions where we currently operate family communities, stating that police calls are minimal, our properties are well-maintained, and they do not have problems with our communities. The City has been pleased with our senior community and told me that if we developed another senior community in Kannapolis, they would contribute. They understand that we are moving forward with the development, without their financing. If you have questions from the City, you can contact Irene Sacks, Community Development Director at the City of Kannapolis. If she is out on maternity leave, you may contact Mike Legg, City Manager. As a side note, after the meeting, the Mayor submitted a letter recommending us for a Statewide Award from the NC Housing Finance Agency for our Villas at Forest Park community, already developed in Kannapolis. If you have any other questions about this forme, please feel free to contact me in our Richmond office at (804) 272-2009 or tdusenbury@halconcompanies.com . Sincerely, ~yl~~.~, ~~~~~tiUz~ Traci Dusenbury Development Coordinator Attachment number 4 G-3 Page 185