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Our File? 485

Furthermoro, it is cor understanding that the northern site hes been issued a Development Permit sud thar R216
Freecorp Holdings Lid. is wow using p different engineering firm for probebly » casapletely different design
frtam our provicus 06 to suit their ots development requixements, it is only proper to sepaxnts our
develupment obligations completely theirs.

We trust the Honourable City Council will concur with our proposal end will permit the currect Developmamt
Agreement to ba saparted for the two property owners and henea will allow the releases of ous portlon of the
securities that have been provided only on behalf of A.L. Sott Financial ?.C.) Ime. in the first, plece.

a

We look forward to your confirmation of our delegation at your earliest convenience.

Coil Oo
AN

RV
een Cer nt
? ,

cc. AdL.Sott Finwncial (P.C.) Inc.
R216 Freesorp Holdings Ltd.
Neil Kornfotd

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