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He..a.t.er <br />Utilities <br /> <br />4163 $~nclair Street <br />P.Q Box 859 <br /> <br />Denver, Nodh Caroline 28037 <br />phone: 704.489.9407 <br />fax: 704.489.9409 <br /> <br />May 2, 2001 <br /> <br />Mr. Darrell Tarrant <br />LPT Investments, LLC. <br />308 Linwood Avenue <br />Goldsboro, North Carolina <br /> <br />27530 <br /> <br />Mr. Tarrant, <br /> <br /> This letter is to confirm that Heater Utilities, Inc. will provide community <br />water service to the planned residential subdivision on Stallings Road. This <br />confirmation is contingent upon both parties agreement and signing of a contract <br />and the issuance of the utility franchise by the North Carolina Utilities <br />Commissicn. <br /> <br /> The water supply will be drawn from at least two wells .:o be drilled on the <br />property. A secondary water scurc(~ could be drawn from the Stallings Glen <br />water system which is contiguous to th(; F.![~nned development. Heater Utilities, <br />Inc. is the franchised utility for the Sta!lings Glen water system. There is <br />sufficient water supply at Stallings Glen to serve an additional 350 customers <br />with the addition of an elevated storage tank. <br /> <br />Sincerely, <br /> <br />Ed Perdue, <br />Heater Utilities, Inc. <br />Manager, Business Development <br /> <br /> <br />