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Board of County Conunissioners <br /> Februmy 24, 1981 <br /> Page 2 <br /> <br />$. ~[4I, Inc. as the investor-miner and/or mortgage holder will con- <br /> tinue to supervise and protect the conditfon and operation of the <br /> Village property for the life of the Deeds of Trust held by our <br /> conq~any. <br /> <br />6. b~tI, Inc. will only convey all of the con, non property to the <br /> Homeo~mer's Association when /~ its opinion the Association has <br /> established a maintenance reserve fund sufficient to operate the <br /> property and protect the mortgage holder, ~tI, Inc. <br /> <br />The Plam~ing Board at their' Fehx~a~y lith nmeting denied our request <br />for approval of the preliminary plat and we are, therefore, seeking <br />the approval of the County Commission of the preliminm3~ plat in order <br />that we can proceed with our plans to convert the park to a Pianned <br />Unit Developnmnt, subject to a sufficient m~nber of the residants <br />purchasing their property at acceptable terms. Your consideration <br />and approval will be appreciated. <br /> <br /> Yours very truly, <br /> <br /> LAaND DEVELOPb~NT DIVISION <br /> <br /> E. D. ~VilkJ.nson <br /> Vice President <br /> <br />cc: ~Xh-. ~lax~con Elliott <br /> <br /> <br />