July 12, 2013 Mr.

Larry Smith Director of Real Estate JC Penney 6501 Legacy Drive Plano, TX 75024 RE: Westdale Mall Redevelopment Dear Mr. Smith and Hanson: We have received your respective letters regarding the redevelopment of Westdale Mall. We are pleased that JC Penney desires to remain at Westdale Mall and appreciate the time and effort it took for you to visit with us in Cedar Rapids. We offer the following thoughts to move the discussion along. First, we understand that you submitted to Frew Development Group a proposal for remaining at Westdale in your current building, including specific comments on the city-approved Master Plan for the site. While we do not know the details of your proposal, John Frew has confirmed to us that it is a step in the right direction and that he has provided a comprehensive response to you. Second, it is our understanding that you have extended conditional approval to the developer to demolish the former Montgomery Ward’s building. That is a positive step forward, but demolition and site work both need to commence immediately. We hereby resubmit our request that site work be allowed to proceed in addition to demolition of the Ward’s building. Lastly, and perhaps most important, we need to clarify our position regarding the city’s use of its power of eminent domain. We have the highest expectation that you and Frew Development Group will find common ground through negotiations that is fair and balanced to both sides and that preserves the city’s vision for a redeveloped Westdale Mall. However, the city’s exercise of its power of eminent domain is a decision for the entire council to make and is therefore not something that we can guarantee will or won’t happen. We see condemnation as a last resort and it is our most sincere hope that this project will move forward without government intervention. Please call City Manager Jeff Pomeranz with any questions you may have. We look forward to seeing you again soon. Sincerely, Mr. Michael Hanson Vice President, Government Relations JC Penney 6501 Legacy Drive Plano, TX 75024

Ron J. Corbett, Mayor City of Cedar Rapids

Jeffrey A. Pomeranz, City Manager City of Cedar Rapids

Office of the Cedar Rapids Mayor and City Council City Hall  101 First Street SE  Cedar Rapids, Iowa 52401  (319) 286-5051  FAX (319) 286-5144

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