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July15,2009Ms. Elizabeth ritzenTownshipClerkMaplewoodMunicipalBuilding574ValleyStreetMaplewood,NJ07040DearMs.FritzenR-K DevelopmentCo{poration spleasedo submitlis responseo the Township ofMaplewood or theRequestor Ietters of Interestor 125Dunnell Road. Our company'sdevelopmentualificationsnd inancialstrength niquelypositionso completehisprojectasa firstclass esidential ommunity.naddition,we have heprojectmanagementxpertisendmarketing apabilityhatwouldensurehesuccess f 125 Dunnell Street. Theexactprograrnwillbe determinedncea thoroughmarketand site analysiss conducted, nd we arecornmitted o achievingarchitectural nd urbandesign excellencehatbefitsthat nitiative. We Iook forward o furtherdiscussingwithyouthisexcitingproject.

Sincerely,

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William J. RosatoMike Keltz

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CORPORATENFORMATIONR-KDevelopment orporationWilliam J.RosatoMike Keltz1130AdamsStreet Hoboken,NJ 07030(201)10-8370(911)923-1490,...ffiCofftcl-'oY--.,

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KEY PERSONNELThe developmenteammembersistedbelowarecunentlyexecutives f TanagonDevelopment orporation ndprincipalsf R-KDevelopmentorporation.Both will beactivelyengagedn theexecution f theprojectandcornrnittedo ensurehat he 125DunnellRoadprojects completeduccessfullynd o thehighestossibletandardsortheTownship f Maplewood.WillianrJ.RosatoPresidentof TarragonDevelopmentCorporationWilliam J. Rosatosa PrincipalandFoundingMemberof R-K Development otporation,a companyormed n 2009.He s alsoPresidentfTanagonDevelopmentorporation,herehe s responsibleormanagingheCompany's evelopmentctivities.He alsoservessExecutive icePresident f Development ndExecutive ice President f Constructionor TarragonCorporation.Mr. Rosatooinedhecompanyn October 003. Hepreviouslyerved sSeniorVice President orTarragonCorporationandTarragonDevelopmentCorporationfrom February2005 hroughFebruary2007and asDirectorof Construction romOctober 003 hroughFebruary005.BeforeoiningTarragon,Mr. Rosatomanageddevelopment ctivitiesn theNewYork metropolitan rea or LincolnPropertyCompany.Prior o thathe heldpositionsntheNew YorkofficesofBovis LendLease ndSkidmoreOwingsandMenill.Mr. Rosatoeceive{hisBA andMasterof Architecturedegreesrom theUniversityof Pennsylvania.e s a member f theAmerican nstituteof Architects nda icensed rchitectn thestate f New York. Mr. Rosatos a memberof the UrbanLandnstitute nd heNationalAssociation f HomeBuilders, ndhe currently erves ntheBoardof Visitorsadvisory ouncil o theSchoolof Architecturefor the New JerseynstituteofTechnology.

Mike KehzVice President of Tarragon DevelopntentCorporationMike Keltz is a Principaland Founding Memberof R-K DevelopmentCorporation,acompany ormed in 2009.He alsocurrentlyservesasa Vice Presidontof TarragonDevelopmentCorporation.SincejoiningTarragonCorporationn January2006, Mr. Keltzhas continuedhis careernmanaging uxury high-rise,multi-familyresidentiaiconstruction.His most recentlycompletedprojects,oundon New Jersey'sGold Coast;ncludeOne HudsonPark nEdgewater,New Jerseyand Trioin Palisades ark, New Jersey.Mr.Keltz is currentlymanaging he developmentand constructionof 800Madisonn Hoboken,NewJerseyand thepre-constructionanddevelopmentof900 Monroe in Hoboken,NewJersey.PriortojoiningTanagon, Mr. Keltzwas aprojectmanagerwith Bovis Lend Leasewhere hemanagedconstructionprojectsandprovidedpre-constructionervices or large projectsin the New York metropolitanarea.Hisprojectexperienceonsistsof luxurysinglefamily and multi-family residential,office, retail, correctionalacilities,publicparkprojects,and railyardsite work projects.Mr. Keltzhas also heldpositionswithsite workcontractorsand wood framingspecialist.Mr. Keltz receivedhis Bachelorof Sciencedegree rom theUniversity of Scrantonand will be receivingand MBA fromSetonHallUniversity in 2010.DESCRIPTIONAND APPROACHFOR THE PROJECTMr. Rosatoand Mr.Keltzplacehigh value on architecturend design. Our projectsrespond o the uniquenessftheir context. Ourdesigners re recognizedexpertsn theirfieldsand strive to ensureprojectsaccuratelyeflect local architecturend character.Many of our signatureprojectsat Tarragonhave won awardsand recognition. We wererecently recognizedwiththree awardsrom theNational Associationof Homebuilders'22"'AnnualBest n AmericanLiving Awards(BALA)program,he nation's foremostresidentialdesignaward competition..Tarragon'sUpper GrandCommunity nHoboken,New Jerseywas heSilverAwardwinner for BestUrban SmartGrowth Neighborhood./Community.oThe Edenvilleunit in Tarragon'sWarwickGrove n Warwick, New Yorkwas theGold Award winnerfor Best Single-FamilyDetachedHomeand WarwickGrovealso wonthe award oiBest in theNorth Arlantic Regron.We foster andencourageialoguewith communitystakeholders, nd recognize hat 1oca1perspectivesreessential ncraftingprojectswe canbeproudof. The unique ocationof125Dunnell Road,across romMemorial Parkand down the streetrom Maplewoodtrainstation,willinform thedesignof our projectand result nagreatadditionandamenityto the neighborhood,complementingwhatis already here.