1 Milltown Park Subdivision Replat CITY ... - City of Sandpoint

November 8, 2011Jeremy GrimmPlanning & Community Development Director1123 Lake StreetCity ofSandpoint, Idaho 83864P£CEI\IEONO~ - ~ 20\\Re: Milltown Park Re-subdivision RequestDear Mr. Grimm:As you are aware, the undersigned ("Owner''), as owner ofMilltown Park ("Property"), iscurrently under contract to sell approximately 3.5 gross acres (designated as Lot 10 on the siteplan attached hereto) to Whitewater Creek, Inc ("Whitewater"), for the purpose ofdevelopingapproximately 50 units ofmultifamily apartments.In conjunction with this proposed sale, Owner is seeking the re-subdivision ofthe Property fromthe current configuration offour lots, into a configuration consisting often lots, as shown on theconceptual subdivision layout attached hereto ("Replat Plan").Therefore, this letter shall confirm that Owner has authorized Whitewater to submit the attachedReplat Plan to the City ofSandpoint as a component ofWhitewater's permitting request todevelop said apartment units. This authorization is valid unless revoked or modified in writingby Owner.Please note that any proposed material change to the Replat Plan will be subject to Owner's priorreview and written approval. In addition, Whitewater has no authority to sign documents onbehalfofOwner, or otherwise bind Owner, without Owner's express written approval.Please feel free to contact me as follows, ifthere are any questions regarding the attached ReplatPlan:James L. Streetc/o Prudential Real Estate InvestorsTwo Ravinia Drive, Suite 400Atlanta, GA 30346Phone: 770-395-8614E-mail: ..james.street@prudential.com..