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July 4,2009TheEconomicevelopmentommitteeTownship f Maplewoodc/o Elizabethritzen,ownship lerkMaplewoodunicipal uilding574ValleyStreetMaplewood, .J. 7040Re: Response:etter f Interestor Redevelopmentf125DunnellRoadDearMs.Fritzen:In accordanceithheRequestor Letters f Interestor he Redevelopmentf 125Dunnell oadnMaplewood,eherebyelivernd ubmit ur esponsehereto ndenclosehe ollowingnformationanddocumentationsset orth n he requirements:.I have ttached ndsubmit fullcopy fourwebsitewhich ontainshose tems s equestedin tems1. and2. and4.of theRequiredontent.Myemailaddresss E!fuia!!9!.!g!l.Financialbilitv.Descriptionndpreliminaryonceptual.Descriptionf ourinancial apacity.ProposedimeLine or the DevelopmentrAffordaleHousingiscussion .LEED ertificationiscussion.Property axAbatement iscussionoDemolitionndAsbestos batementWehank heTownshipor he opportunityoprovidehis nformationn responseo the RequestorLetters f Interest nd ookorwardo hopefully eing onsideredn henextphasef hisprocedure.nthe nterim,f anyadditionalnformationr documentations equired,leaseeel ree to contactmeatvouronvenience.Berekon

Tel201 84o.OO5OFax201313.9044l oOO ortside rive Edgewater,J 07020www.daibas.com

FINANCIALABILITY

Daibes nterprises,LCwnsandoperateshevarious ntities s isted n hecorporate escriptionwhich sncluded erein.nadditiono owning tssub-contractorsn he'constructionivision'Daibeshasestablishedumerous ankingelationshipsith he majorbanksBankf America,ellsFargo,Wachoviaetc.)aswellas he major nsuranceompanieshoprovideonstructionndpermanentfinancing swellashaving btainedinancingrom he New ersey ousing inance gencyorresidentialrojectsnd romheFederalovernmentHUD).Additionally,redA. Daibesoundednd s he majorityhareholdernMarine/sBank asednEdgewater,ewersey ithvariousrancheshroughout ergen ounty ndwithplannedxpandsioninto HudsonndEssexounties.Bankingeferencesill besuppliedpon equest.

Attachedereto rewo conceptualsoryourconsideration.neconcepts ora buildingontainingonlyresidential entalapartments32units)on four levelsver aparking.hisconceptwascreated oas o complyas bestaspossibleo the currentzoning estrictionsftheTownship.Thesecondoncepthas hesamenumberofresidentialnits,howeversmallcommercialomponenthasbeenadded6000F)and hebuildingasbeenbroughtp o thepropertyine.Thisonceptasdevelopedoas o'blend'nto heexistingseswithinhemmediaterea nd nconsiderationfthecontinuationndblendingfthe existingVillageoncept,.Bothconcepts illbedesignedoas obearchitecturallyonsistent 1hhesurroundingrea.