Dedfollowup-Sunshine Response July 12 2010

Jeremiah W.
(Jay) Nixon Governor

David Kerr Director

July 12,2010

Audrey Spalding ShowMe Institute 4512 W. Pine

St. Louis, MO 63108

Dear Ms. Spalding:

Enclosed please find documents responsive to your June 30 request pursuant to the Missouri Sunshine Law, Chapter 610. A portion of the documents previously provided in response to your earlier requests are also responsive to this request.

As we discussed by telephone, copies of responsive emails are being provided to you without attachments due to the volume of material involved. We are happy to provide you hard copies of any specific attachments upon request. In addition, a few of the documents you requested are closed pursuant to Section 610.021(1), and are therefore not being included.

As requested, we can confirm that the copy of the application you previously received was the final application for 2009 Distressed Area Land Assemblage Tax Credits submitted by the applicant.

Finally, if you have not already done so, pursuant to Section 610.026, RSMo, please remit payment in the amount of $153.95 for copies (481 pages @ $.10 per page + $11.00 per hour for I hour of duplicating time) and research ($18.97 per hour for five hours of research time) necessary to fulfill your request. Please send your check made payable to the "State of Missouri" to my attention at the Missouri Department of Economic Development, 301 W. High Street, P.O. Box 1157, Jefferson City, MO 65102.

If you have any questions or if there is any additional information I can provide, please feel free to contact me at 573-751-5097.

~

Chris Pieper

Acting General Counsel & Custodian of Records Department of Economic Development

301 W. High st. • P.O. Box 1157 • Jefferson City, MO 65102-1157 www.ded.mo.gov • (573) 751-4962 • Fax (573) 526-7700 Real People. Real Opportunity.

---

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Perry, Ann

Subject:

Location:

FW: Updated: Land assemblage call Call

Start:

End:

Show Time As:

Wed 2/3/2010 8:00 AM Wed 2/3/2010 9:00 AM Tentative

Recurrence:

(none)

Meeting Status:

Not yet responded McKee, Chris

Organizer:

Karen, the project has asked if you would be available to discuss the 2010 issuance on our weekly conference call. let me know if you are not ready to discuss or have a conflict and I'll let them know. Thanks, Ann

-----Original Appointment-----

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Wednesday, January 27, 2010 8:50 AM

To: McKee, Chris; Hemenway, Sallie; Perry, Ann; Pauley, Mark; Drinkard, Mark; Kurt Schulte; Louis Berra Cc: Kurt Schulte

. Subject: Updated: Land assemblage call

When: Wednesday, February 03,20108:00 AM-9:00 AM (GMT-06:00) Central Time (US & canada). Where: call

866.699.3239 ID 64133971

1

Perry, Ann

From:

Sent:

To:

Subject:

McKee, Chris [cpmckee@optimusdev.com] Tuesday, March 16; 2010 6:02 PM

Perry, Ann; Hemenway, Sallie; Pauley, Mark RE: DALA Credits

Ann:

Any update on this issue? The most pressing one for us Is the balance of the 2009 credits. Thanks.

em

From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Thursday, March 11, 2010 1:16 PM

To: McKee, Chris; Hemenway, Sallie; Pauley, Mark Cc: Kurt Schulte; Drinkard, Mark

Subject: RE: DALA Credits

Chris,

The decision was made to delay the credits. I am understanding that the issuance of the balance of 2009 and 2010 are still under review. I will try to get clarification on this.

Thanks, Ann

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Thursday, March 11,2010 11:57 AM

To: Hemenway, Sallie; Perry, Ann; Pauley, Mark Cc: Kurt Schulte; Drinkard, Mark

.Subject: DALA Credits

I understand that there has been a decision on the delay of the tax credits. Buf, I still believe if is very important to finalize what is still owed to NorthSide from the balance of the 2009 dollars and the 2010 requests. , would like to have this put to bed so fhat when the time came for the release. that we did not have to go through the mad scramble. Are there any reasons why this could not happen? Please let me know.

Chris

1

Perry, Ann

Subject:

Location:

Start:

End:

Recurrence:

Meeting Status:

Organizer:

Required Attendees:

Optional Attendees:

866.699.3239

10 64J33971

. Updated: DALA Credits Meeting/NorthSide Conference Call

Fri 4/16/2010 10:00 AM Fri 4/16/201012:00 PM

(none)

Accepted McKee, Chris

Drinkard, Mark; Kurt Schulte; Ness, Irvin; Hemenway, Sallie; Perry, Ann; Pauley, Mark Kurt Schulte

1

Perry, Ann

Subject:

Location:

FW: Updated: Land assemblage call Call

Start:

End:

Show Time As:


Recurrence:

(none)

Meeting Status:


Organizer:

Karen, the project has asked if you would be available to discuss the 2010 issuance on our weekly conference call. Let me know if you are not ready to discuss or have a conflict and I'll let them know. Thanks, Ann


From: McKee, Chris [mailto:cpmckee@optimusdev.comJ Sent: Wednesday, January 27,20108:50 AM

To: McKee, Chris; Hemenway, Sallie; Perry, Ann; Pauley, Mark; Drinkard, Mark; Kurt Schulte; Louis Berra Cc: Kurt Schulte

Subject: Updated: Land assemblage call

When: Wednesday, February 03; 2010 8:00 AM-9:00 AM (GMT-06:00) Central Time (US & Canada). Where: Can

866.699.3239 10 64133971

1

Perry, Ann

Subject:

Location:

Updated: Land assemblage call Call

Start:

End:

Show Time As:

Wed 1/20/20108:00 AM Wed 1/20/20109:00 AM Tentative

Recurrence:

(none)


Meeting Status:

Organizer:

866.699.3239 10 64133971

1

Perry, Ann

Subject:

Location:

Updated: Land assemblage call Call

Start:

End:

Show Time As:

Wed 1/20/20108:00 AM Wed 1/20/2010 9:00 AM Tentative

Recurrence:

(none)

Meeting Status:


Organizer:

866.699.3239 10 64133971

1

Perry, Ann

Subject:

Location:

Start:

End:

Recurrence:

Meeting Status:

Organizer:

Required Attendees:

866.699.3239 10 64133971

Updated: Updated: Land assemblage call Call

Wed 2/24/2010 8:00 AM Wed 2/24/2010 9:00 AM

(none)

Accepted McKee, Chris

Hemenway, Sallie; Ness, Irvin; Perry, Ann; Pauley, Mark; Drinkard, Mark; Kurt Schulte; Gray, Keisha; Winn, Karen; Kurt Schulte; Louis Berra; Hemenway, Sallie; Perry, Ann; Pauley, Mark; Kurt Schulte; Gray, Keisha; Winn, Karen; Kurt Schulte; Louis Berra

1

It emenway, Sallie

From:

Sent:

To:

Cc:

S~bject:

Atiachments:

Drinkard, Mark [mdrinkard@mc-eagle.comj Thursday, January 21.201010:41 AM Hemenway, Sallie

Pauley, Mark; Perry, Ann

RE: Copy of DALATC Workbook updated 11-23-09 revised 1-18-10 paid sh.xls

JE 12362.pdf; JE 12826.pdf; JE 13654.pdf; JE 11754.pdf; JE 11457.pdf; 1558_001.pdf; JE 13190.pdf; Allston Alliance.pdf

Attached are the above 4 invoices. Also, these were all paid by loan draw. Here is a detail. of the loan balance and the draws during that year, along with reference to the attached backup to prove out the bata nces. This way, you can see through external documentation, that the loan balance was increased for the amounts of the above interest payments. More to come backup to come.

Mark Drinkard, C.P.A. Senior Property Accountant McEagle Properties, LLC ph: (636) 561-9323

fx; (636) 561-9301

From: Hemenway, Sallie [mailto:salHe.hemenway@ded.mo.gov] Sent: Wednesday, January 20, 2010 6:08 PM

To: Drinkard, Mark; KSchulte@cpdcdrg.com

Cc: McKee, Chris; Pauley, Mark; Perry, Ann

Subject: Copy of DALATC Workbook updated 11-23-09 revised 1-18-10 paid sh.xls

Yellow is no invoice/proof of payment. Orange is ineligible

Pink is changed amount (10.00 difference)

Gray, Keisha

From:

Sent:

To:

Subject:

Attachments:

Hemenway, Sallie

Thursday, January 21, 2010 11 :00 AM Gray, Keisha

FW: Copy of DALATC Workbook updated 11-23-09 revised 1-18-10 paid sh.xls

JE 12362.pdf; JE 12826.pdf; JE 13654.pdf; JE 11754.pdf; JE 11457.pdf; 1558_001.pdf; JE 13190.pdf; Allston Alliance.pdf

PP email and attachments/

From: Drinkard, Mark [mailto:mdrinkard@mc-eagle.com] Sent: Thursday, January 21, 2010 10:41 AM

To: Hemenway, Sallie

Cc: Pauley, Mark; Perry, Ann

Subject: RE: Copy of DALATC Workbook updated 11-23-09 revised 1-18-10 paid sh.xls

Attached are the above 4 invoices. Also, these were all paid by loan draw. Here is a detail of the loan balance and the draws during that year, along with reference to the attached backup to prove out the balances. This way, you can see through external documentation, that the loan balance was increased for the amounts of the above interest payments. More to come backup to come.

Mark Drinkard, C.P.A. Senior Property Accountant McEagle Properties, LLC

ph: (636) 561-9323

fx: (636) 561-9301

1

----."------------.---- .. -.----.-~.~.--

From: Hemenway, Sallie [mailto:sallie.hemenway@ded.mo.gov] Sent: Wedne~day, January 20, 20106:08 PM




Yellow ls no invoice/proof of payment. Orange is ineligible


2

GraYJ Keisha

From:

Sent:

To:

Subject:

Attachments:

Hemenway, Sallie

Thursday, January 21,201011:15 AM Gray, Keisha

FW: Copy of DALATC Workbook updated 11~23-09 revised 1-18-10 paid sh.xls JE 18946.pdf

---------------~-----

-_--------_ .. - --~





We don't have the invoice.

JE 18946 - Cover page is from Bank of Washington showing total due through 9/8/09 for 36,934.48 from Salvador (Babcock Sister Entity). Signed letter from BofW is proof of payment.


ph: (636) 561-9323

fx: (636) 561-9301

------------------------

-------.--~--

From: Hemenway, Sallie [mailto:sallie.hemenway@ded.mo.gov] Sent: Wednesday, January 20, 2010 6:08 PM





Pink is changed amount (lO,OO difference)

1

Gray. Keisha

From:

Sent:

To:

Subject:

Attachments:

Hemenway, Sallie

Thursday, January 21, 2010 11 :15 AM Gray, Keisha

FW: Copy of DALATC Workbook updated 11-23-09 revised 1-18-10 paid sh.xls JE 10553.pdf; 1558_001.pdf; JE 10586.pdf





Not paid.


ph: (636) 561-9323

fx: (636) 561-9301

From: Hemenway, Sallie [mailto:sallie.hemenway@ded.mo.govl Sent: Wednesday, January 20,2010 6:0S PM



Subject: Copy of DALATC Workbook updated 11-23-09 revised 1-1S-10 paid sh.xls



1

Gray, Keisha

From:

Sent:

To:

Subject:

Attachments:

Hemenway, Sallie

Thursday, January 21, 2010 12:47 PM Gray, Keisha

FW: Copy of DALATC Workbook updated 11-23-09 revised 1-18-10 paid sh.xls JE 11764.pdf; JE 12202.pdf; 1 08. pdf; JE 15305.pdf; JE 18946.pdf

pp

From: Drinkard, Mark [mailto:mdrinkard@mc-eagle.oom] Sent: Thursday, January 21, 2010 12:21 PM



SLibject: RE: Copy of DALATC Workbook updated 11-23-09 revised 1-18-10 paid sh.xls

Can disregard due to immaterial $ amount.

JE 11764

JE 12202

108

~ 1~t.l;ilt{r~)ii.\r!\fl~i,1),jfl~!*((~j;~~~',::::.;;;: iit~.~~tj§: ;,.'::- "if!'1cJl~(Y ~·;:::·;·.?/~;.~~;~~~;~~1l~9R'4~IQ1~'.:,~·<;.; .,: . >~,;~,:-d,lp'%:i.YJ~Y!});

JE15305

JE 18946 - Cover page is from Bank of Washington showing total due through 9/8/09 for 60,547.81 from Ricecap (Dodier Sister Entity).

Letter from Bank of Washington should be proof of payment on the above.

Mark Drinkard, C.P.A. Senior Property Accountant McEagle Properties, LlC ph: (636) 561-9323

fx; (636) 561-9301

1

----.-------~. --------.---~---~-.-. .-.-.~---

From~ Hemenway, Sallie [mailto:sallie.hemenway@ded.mo.gov] Sent: Wednesday, January 20, 2010 6:0S PM



Subject: Copy of DALATC Workbook updated 11-23-09 revised 1-1S-10 paid sh.xls



2

Gray. Keisha

From:

Sent:

To:

Subject:

Hemenway, Sallie

Thursday, January 21,201012:47 PM Gray, Keisha

FW: Copy of DALATC Workbook updated 11-23-09 revised 1-18-10 paid sh.xls

PP(no attachments)

From: Drinkard, Mark [mailto:mdrinkard@mc-eagle.com] Sent: Thursday, January 21, 2010 12:02 PM




Can disregard due to immaterial $ amount.

We have no backup for this one.

We didn't pay these three.

Mark Drinkard, C.P.A. Senior Property Accountant McEagle Properties, llC

ph: (636) 561-9323

fx: (636) 561-9301

From: Hemenway, Sallie [mailto:sallie.hemenway@ded.mo.gov] Sent: Wednesday, January 20,20106:08 PM





Pink is changed amount (10:00 difference)

1

Hemenway, Sallie

From:

Sent:

To:

Cc:

Subject:

Attachments:

Drinkard, Mark [mdrinkard@mc-eagle.com] Tuesday, January 19, 2010 12:12 PM Sallie Hemenway

Perry, Ann; Pauley, Mark; Hemenway, Sallie; Kurt Schulte RE: Addl source Docs

1025.pdf; 1139. pdf; 6433. pdf; JE 11764.pdf; J E 12202.pdf; JE 15305. pdf: 1451_ 001.pdf

Sallie,

See below for numbers to see how the attachments correspond to the requests. Let me know if there are any questions.

Mark Drinkard, C.P.A. Senior Property Accountant MCEagle Properties, LLC ph: (636) 561-9323

fx: (636) 561-93131

-----Original Message-----

From: Sallie Hemenway [mailto:shemenwayl@gmail.com] Sent: Monday, January 18, 213113 7:24 AM

To: KSchulte@cpdcdrg.comj Drinkard, Mark

Cc: Ann perry; mark.pauley@ded.mo.gov; Sallie Hemenway Subject: Addl source Docs

Sending this from home since today is a holiday. Here is a list that will make our source docs complete:

ALLSTON

213136 Cornbelt $37,546.84 need copy of invoice -#1925

213138 Cornbelt $195,157.95 need copy of invoice -#1139

MLK

213136 $69,184.93 need proof of pmt (bank statement/cancell~d check) - #1451 eel

29136 $69,184.94 need proof of pmt "" - #1451 eel

SHERIDAN

Cornbelt 21397 $68,424.65 need copy of invoice -#6433
Corn belt 213137 $67,674.38 need copy of invoice -#6433
Bank of washington $41,061.13 need copy of invoice- #JE 11764
Bank of Washington $39,617.68 need copy of invoice -#JE 12202 (last page; this is actually
dodier per the last schedule)
~ Bank of washington $45,898.89 need copy of invoice - we have no backup for this.
Bank of Washington $14,8713.46 need copy if invoice. - #JE 153135 (4th
page: this is actually babcock per the last schedule) Thanks. I'm working on the spreadsheet comparison next.

Sallie Hemenway

Hemenway, Sallie

Subject:

Land Assemblage Tax Credit

Start:

End:

Tue 12/8/2009 3:00 PM Tue 12/8/20095:00 PM

Recurrence:

(none)

Meeting Status:

Meeting organizer

Organizer:

Hemenway, Sallie

1

f I

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Wednesday, January 20,20108:33 AM 'McKee, Chris'

Accepted: Updated: Land assemblage call

1

Hemenway, Sallie

Subject:

Start:

End:

Mtg Land Assem blage Tue 12122/2009 3:00 PM Tue 12/2212009 4:00 PM

Recurrence:

(none)

. Organizer:

Hemenway, Sallie

1

[

Hemenway, Sallie

From:

Sent:

To:

Subject:

Perry, Ann

Wednesday, January 27,20109:38 AM Hemenway, Sallie

Accepted: Land Assemblage

1

,

i

" f

Hemenway,. Sallie

From:

Sent:

To:

Subject:

Pauley, Mark

Wednesday, January 27,20109:41 AM Hemenway, Sallie


1

Hemenway, Sallie

From:

Sent:

To:

Subject:

Winn, Karen

Wednesday, January 27, 2010 11 :34 AM Hemenway, Sallie


1

Hemenway, Sallie

Subject:

Location:


Start:

End:

Show Time As:

Wed 2124/2010 8:00 AM Wed 2/24/2010 9:00 AM Tentative

Recurrence:

(none)

Meeting Status:


Organizer:

866.699.3239 10 64133971

1

Hemenway, Sallie

Subject:

Location:

Updated: DALA Credits Meeting/NorthSide Conference Call

Start:

End:

Show Time As:

Fri 4/16/201010:00 AM Fri 4/16/201012:00 PM Tentative

Recurrence:

(none)

Meeting Status:


Organizer:

866.699.3239

10 64J33971

1

Hemenway, Sallie

From:

Sent:

To:

Subject:

Winn, Karen

Wednesday, January 27, 2010 11:34AM Hemenway, Sallie


1

I I

r

\

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Wednesday, January 27,20107:58 PM 'McKee, Chris'


1

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Wednesday, January 27, 2010 7:58 PM 'McKee, Chris'

Accepted: DALA (Land Assemblage) Interest Call

1

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Thursday, January 28,201011:41 AM 'McKee, Chris'

Accepted: DALA (Land Assemblage) Interest Call

1

! I

I

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Monday, February 01,20106:03 PM 'McKee, Chris'


1

I i

r

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Tuesday, February 09, 2010 5:52 PM 'McKee, Chris'


1

t I

f

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Tuesday, February 09,20105:52 PM 'McKee, Chris'


1

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Monday, February 15,20107:55 PM 'McKee, Chris'


1

Hemenway, Sallie

Subject:

Location:

Start:

End:

Show Time As:

Recurrence:

Meeting Status:

Organizer:

866.699.3239 10 64133971



(none)


1

.

i

J'

I

Hemenway, Sallie

Subject:

Location:


Start:

End:

Show Time As:

Wed 2/24/2010 8:00 AM Wed 212412010 9:00 AM Tentative

Recurrence:

(none)

Meeting Status:


Organizer:

866.699.3239 ID 64133971

1

;

r

J' I

Hemenway, Sallie

Subject:

Location:

Start:

End:

Show Time As:

Recurrence:

Meeting Status:

Organizer:

Required Attendees:

meeting with Northside Regeneration on Land Assemblage JC

Tue 5/18/201010:00 AM Tue 5/18/20101:00 PM Tentative

(none)

Not yet responded Hemenway, Sallie

Perry, Ann; Pauley, Mark

1

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Monday, November 02,20093:40 PM Perry, Ann

Accepted: Land assemblage

1

Hemenway, Sallie

Subject:

Location:

Discuss Land Assemblage credits We will call Karen

Start:

End:

Thu 10/1/2009 2:00 PM Thu 10/1/20092:30 PM

Recurrence:

(none)

Meeting Status:

Meeting organizer

Organizer: .

Hemenway, Sallie

1

Hemenway, Sallie

Subject:

Start:

End:

Re-read Land Assemblage statute, app and guidelines

Fri 11/6/2009 11 :00 AM Fri 11/6/2009 12:00 PM

Recurrence:

(none)

Organizer:

Hemenway, Sallie

1

,

( (

Hemenway, Sallie

Subject:

Location:

Start:

End~ .

Recurrence:

Meeting Status:

Organizer:

Required Attendees:

Land Assemblage Sallie's Office

Thu 12/3/2009 2:30 PM Thu 12/3/2009 3:30 PM

(none)

Meeting organizer

Hemenway, Sallie

Winn, Karen; Perry, Ann; Pauley, Mark

1

Hemenway, Sallie

Subject:

Start:

End:

Show Time As:

Land Assemblage Tax Credit

Tue 12/8/2009 3:00 PM Tue 12/8/2009 5:00 PM Tentative

Recurrence:

(none)

Meeting Status:

Not yet responded

Organizer:

Hemenway, Sallie

1

,

!. ,

Hemenway, Sallie

Subject:

Location:

Land Assemblage application Sallie's office

Start:

End:

Mon 12/21/2009 10:00 AM Men 12/21/2009 11 :00 AM

Recurrence:

(none)

Meeting Status:

Accepted

Organizer:

Required Attendees:

Perry, Ann

Hemenway, Sallie; Pauley, Mark; Winn, Karen

When: Monday, December 21,200910:00 AM-11:00 AM (GMT-06:00) Central Time (US & Canada). Where: Sallie's office

1

Hemenway, Sallie

Subject:

Location:

Land Assem blage application Sallie's office

Start:

End:

Mon 12/21/200910:00 AM Mon 12/21/2009 11 :00 AM

Recurrence:

(none) Accepted

Meeting Status:

Organizer:

Required Attendees:

Perry, Ann

Hemenway, Sallie; Pauley, Mark; Wirin, Karen

When: Monday, December 21,2009 10:00 AM-ll:00 AM (GMT-06:00) Central Time (US & Canada). Where: Sallie's office

1

, I

I

Hemenway, Sallie

From:

Sent:

To:

Subject:

Hemenway, Sallie

Tuesday, December 15, 2009 7:55 AM Perry, Ann

Accepted: Land Assemblage application

1

Hemenway, Sallie

Land Assemblage

Subject:

Start:

End:

Recurrence:

Organizer:

Wed 1/13/201010:00 AM Wed 1/13/2010 1:00 PM

(none)

Hemenway, Sallie

1

! r

.

Hemenway, Sallie

Subject:

Location:

Start:

End:

Recurrence:

Meeting Status:

Organizer:

Required Attendees:

Land Assem blage Sallie's Office

Mon 2/1/2010 11 :00 AM Mon 2/1/201012:00 PM

(none)

Meeting organizer

Hemenway, Sallie

Pauley, Mark; Perry, Ann; Winn, Karen

1

i I I" I

Hemenway, Sallie

From:

Sent:

To:

Subject:

Perry, Ann

Wednesday, January 27,20109:38 AM Hemenway, SaJlie


1

,

i I

Hemenway, Sallie

From:

Sent:

To:

Subject:

Pauley, Mark

Wednesday. January 27.20109:41 AM Hemenway, Sallie


1

Hemenway, Sallie

Subject:

Location:

DALA (Land Assemblage) Interest Call 866-699-3239 ID 64133971

Fri 1/29/2010 10:30 AM

Fri 1/29/201011:00 AM

Start:

End:

Recurrence:

(none) Accepted McKee, Chris

Pauley, Mark; Kurt Schulte; Drinkard, M~rk; Hemenway, Sallie

Meeti n9 Status:

Organizer:

Required Attendees:

When: Friday, January 29, 2010 10:30 AM-ll:00 AM (GMT-06:00) Central Time (US & Canada). Where: Call

866.699.3239 10 64133971

1

Hemenway, Sallie

Subject:

Location:

DALA (Land Assemblage) Interest Call Call

Start:

End:

Fri 1/29/2010 10:30 AM Fri 1/29/2010 11:00 AM

Recurrence:

(none) Accepted McKee, Chris

Pauley, Mark; Kurt Schulte; Drinkard, M(~.rk; Hemenway, Sallie

Meeting Status:

Organizer:

Required Attendees:

When: Friday, January 29, 2010 10:30 AM·ll:00 AM (GMT-06:00) Central Time (US & Canada). Where: Call

866.699.3239 ID 64133971

1

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann

Friday, July 02,20101 :58 PM Pieper, Chris

FW: Loan fees Bank of Wash.

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Thursday, December 31, 2009 10:22 AM

To: Hemenway, Sallie; Drinkard, Mark

Cc: Ness, Irvin; Pauley, Mark; Perry, Ann

Subject: RE: Loan fees Bank of Wash.

Still 2 certs? Or just 1? Estimated dollar amount?

Also, I am working on a possible payment of December interest to Bank of Washington.

From: Hemenway, Sallie [mailto:sallie.hemenway@ded.mo.gov] Sent: Thursday, December 31, 2009 10:09 AM

To: Drinkard, Mark

Cc: McKee, Chris; Ness, Irvin; Pauley, Mark; Perry, Ann Subject: Loan fees Bank of Wash.

Went through and veri fed a number of them. Please send invoices for:

Dodier 9/12/06. - 32,000

Larmer 12/8/08 - 93.00

MLK. 9/12/06. - 36,000

Sheridan 12/8/08. - 123.00

Sheridan 11128/08. - 105,998.83

Union Martin 12/8/08 - 98.00

Then it is complete.

Thanks.

Sallie

1

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann

Friday, July 02, 2010 1 :58 PM Pieper, Chris

FW: questions

From: McKee, Chris [mailto:cpmckee@optimusdev,com] Sent: Thursday, December 31, 2009 7:41 AM

To: Hemenway, Sallie; Ness, Irvin

Cc: Perry, Ann; Pauley, Mark

Subject: Re: questions

830 is fine. We are working on answers. Thank you for your hard work.

From: Hemenway, Sallie

To: Ness, Irvin; McKee, Chris

Cc: Perry, Ann; Pauley, Mark Sent: Thu Dec 31 00:09:26 2009 Subject: questions

Attached are two spreadsheets; one of the interest questions that we still have and the other of the acquisitions.

Our plan is to issue twice tomorrow morning. The first will be what we know now, and the second will be those documentation updates that you can provide us before 10:00. Our goal is to review and issue the second amount at noon to meet your buyers request.

You wilt see a color coded list of interest payments that we currently do not have the ability to add to the eligible expenses. The reasons are included on the spreadsheet.

For the acquisition sheet, you will see that we organized the properties by whether we had rec'd a statement or valuation sheet. The orange highlight means we rec'd something, but a yellow means that there was a discrepancy between the paper documentation and the spreadsheet requested amount. There are also notes on the side where we failed to get a signature on the document. There were a number of properties where the spreadsheet showed one owner and the statements showed another and sometimes the amounts were different, too.

We can further elaborate on the phone and think that we should move the call up to 8:30, if possible.

Please forward this to the rest of your team.

Thanks,

5alllle/ Ann/Mark

2

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann

Friday, July 02, 2010 1 :57 PM Pieper, Chris

FW: Closing statements/settlement sheets

From: Ness, Irvin [mailto:iness@stoneleyton.com] Sent: Wednesday, December 30,20098:18 AM To: Hemenway, Sallie; McKee, Chris

Cc: Perry, Ann

Subject: RE: Closing statements/settlement sheets

I just spoke with Kurt. Kurt stated that he would be sending the settlement sheets in zip files and would be sending them 50 settlement sheets at .a time. He expected that he would be done by approximately 1:00 p.m.

Please call me with any comments or questions at (314) 681-2907.

Irvin C. Ness

Stone, Leyton & Gershman, A Professional Corporation 7733 Forsyth Boulevard

Suite 500

St. Louis, Missouri 63105 Telephone: (314) 721-7011 Direct Dial: (314) 236-0211 Cell Phone: (314) 681-2907 Fax: (314) 721-8660

E-mail: iness@stoneleyton.com

NOTICE OF CONFIDENTIALITY, ATTORNEY-CLIENT PRIVILEGE AND ATTORNEY WORK PRODUCT: The information contained in this e-mail message, including any attachments, is confidential information intended only for the use ofthe recipient(s) named above. The information is privileged and/or protected by the attorney-client privilege, the attorney work-product doctrine, or other similar privileges and limitations on disclosure. If you are not the named or intended recipient ofthis message, please do not read, rely upon, save, copy, print or retransmit, but rather, destroy it immediately and permanently delete the message from your computer or network system. Any unauthorized retransmission, retention, distribution, printing or copying of this message or any attachments is strictly prohibited. If you have received this e-mail message in error, please immediately contact iness@stoneleyton.com or call (314) 236-0211 immediately. Thank you.

From: Hemenway, Sallie [mailto:sallie.hemenway@ded.mo.gov] Sent: Wednesday, December 30, 2009 7:27 AM

To: McKee, Chris; Ness, Irvin

Cc: Perry, Ann

Subject: Closing statements/settlement sheets

3

Chris and Irv:

I understand from Ann that we aren't going to get proof of purchase price and property transfer documentation until this afternoon. Is there anyway to get that information earlier today? Even if it is smaller groups?

Sallie

4

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann

Friday, July 02,20101 :57 PM Pieper, Chris

FW: Interest costs/maintenance costs

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Wednesday, December 30, 2009 9:56 AM

To: Hemenway, Sallie; Ness, Irvin


Subject: Re: Interest costs/maintenance costs

Maybe it would be best to have a call to discuss?

From: Hemenway, Sallie To: Ness, Irvin

Cc: McKee, Chris; Perry, Ann; Pauley, Mark Sent: Wed Dec 3009:53:172009 Subject: Interest costs/maintenance costs

Since the source documentation (paid invoices, etc) is by year and not tied directly to a property and since the spreadsheet cost allocates the amounts out to different properties (for more than the allowed 5 year period), that leaves us only the ability to affirm by year.

That means we are measuring the amount allocated to eligible properties against the invoices paid, by year. If the spreadsheet is less than the invoices, we would be okay. Theoretically, the eligible property allocations plus the ineligible property allocations would equal the invoices for that year.

The problem is:

1- we have no information supporting how you cost allocated among interest and maintenance (we need that), and

2- your spreadsheet has cost allocated to properties for more than the allowed five year period. Unless we can match those invoices and costs directly to properties (which isn't feasible with what was sent) we need to eliminate some years.

Please advise.

5

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann

Friday, July 02,201010:42 AM Pieper, Chris

FW: DALA Credits Meeting/NorthSide

From: Perry, Ann

Sent: Friday, April 16, 20107:45 AM

To: Hemenway, Sallie; Pauley, Mark Subject: RE: DALA Credits Meeting/NorthSide

Chris and gang are not coming today. Chris would like to have a conference call at 10 to discuss update and set new date for meeting.


From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Wednesday, April 07, 2010 4:03 PM

To: Drinkard, Mark; Kurt Schulte; Ness, Irvin; Hemenway, Sallie; Perry, Ann; Pauley, Mark; McKee, Chris Subject: DALA Credits Meeting/NorthSide

When: Friday, April 16, 2010 10:00 AM-12:00 PM (GMT-06:00) Central Time (US & Canada). Where: Jeff City

When: Friday, April 16, 2010 10:00 AM-12:00 PM (GMT-06:00) Central Time (US & Canada). Where: Jeff City

6

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann

Friday, July 02, 2010 10:41 AM Pieper, Chris

FW: Regular Conference Call - Discussion of Issuance of Tax Credits

From: Perry, Ann

Sent: Tuesday, February 02,20107:37 AM To: 'iness@stoneleyton.com'

Cc: Hemenway, Sallie; 'cpmckee@optimusdev.com'; 'pjmckee@mc-eagle.com'; 'smstone@stoneleyton.com';

'Icarey@stoneleyton.com'; 'pjp@stoneleyton.com'; 'KSchulte@cpdcdrg.com' '

Subject: Re: Regular Conference Call - Discussion of Issuance of Tax Credits

We met on this yesterday and she is reviewing, I will invite her to the conf call, Thanks!

From: Ness, Irvin <iness@stoneleyton.com> To: Perry, Ann

Cc: Hemenway, Sallie; McKee, Chris <cpmckee@optimusdev.com>; McKee Jr, Paul J. <pjmckee@mc-eagle.com>; Stone, Steven <smstone@stoneleyton.com>; Carey, Lynn <Icarey@stoneleyton.com>; Puricelli, Paul <pjp@stoneleyton.com>; Kurt Schulte <KSch ulte@cpdcdrg.com>

Sent: Tue Feb 02 07:09:52 2010

Subject: Regular Conference Call - Discussion of Issuance of Tax Credits

As I mentioned in my voice mail yesterday afternoon, I was hoping that we would be able to discuss the e-mails, which we exchanged at the end of last week regarding the issuance of tax credits, in the regularly scheduled conference call at 8:00 a.m. tomorrow, February 3rd• Also, as I mentioned in my voice mail, I was hoping that your counsel would be able to join us in the conference call at that time.

Please let me know if that discussion is possible. Thank you for your consideration and assistance.

Please call me with any comments or questions at (3140 681-2907.

Irvin C. Ness

Stone, Ley ton & Gershman, A Professional Corporation 7733 Forsyth Boulevard

Suite 500



NOTICE OF CONFIDENTIALITY, ATTORNEY-CLIENT PRIVILEGE AND ATTORNEY WORK PRODUCT: The information contained in this e-mail message, including any attachments, is confidential information intended only for the use of the recipient(s) named above. The information is privileged a nd/or protected by the attorney-client privilege, the attorney work-product doctrine, or other similar privileges and limitations on disclosure. If you are not the named or intended recipient of this message, please do not read, rely upon, save, copy, print or retransmit, but rather, destroy it

7

immediately and permanently delete the message from your computer or network system. Any unauthorized retransmission, retention, distribution, printing or copying of this message or any attachments is strictly prohibited. If you have received this e-mail message in error, please immediately contact iness@stonelevton.com or call (314) 236- 0211 immediately. Thank you.

This sender is not aware of any virus or defect in this e-mail or any attachment that might negatively affect any computer system into which it is received and opened. It is the responsibility ofthe recipient to ensure that it is virus free and no responsibility is accepted by the sender for any loss or damage arising in any way if such a virus or defect exists.

IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any u.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any matters addressed herein.

8

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: Analysis Relating to Issuance of Distressed Areas Land Assemblage Tax Credits

From: Perry, Ann

Sent: Friday, January 29,2010 8:26 AM To: Winn, Karen

Subject: FW: Analysis Relating to Issuance of Distressed Areas Land Assemblage Tax Credits

Hi Karen, this is Irvness' interpretation on issuance for Land Assemblage. I'll set up a meeting for us to discuss next week. Thanks, Ann

From: Ness, Irvin [mailto:iness@stoneleyton.com] Sent: Thursday, January 28, 2010 9:21 PM

To: Perry, Ann; Hemenway, Sallie; Pauley, Mark

Cc: McKee, Chris; McKee Jr, Paul J.; Stone, Steven; carey, Lynn; Kurt Schulte

Subject: Analysis Relating to Issuance of Distressed Areas Land Assemblage Tax Credits

Set forth below is a summary of our analysis relating to the issuance of the Distressed Areas Land Assemblage Tax Credits as we discussed in the conference call on January zz". We also have addressed the points that you raised in our e-mail of January zz".

The first point of analysis regarding the issuance of the distressed areas land assemblage tax credits relates to the filing . of an application and receiving tax credits upon the filing of an application.

• On page 4 of the Program Guidelines for the land assemblage tax credits, the Guidelines provide that applications will be "accepted year round". In your e-mail, you note that there is a reference on the web site of DED, relating to land assemblage tax credits, that redevelopers are to "submit satisfactory evidence of all acquisition, maintenance, and interest costs to DED annually prior to November 15". There is, however, no reference on the web site to any such date under the heading "Application/Approval Procedure", which section provides that "[a]redeveloper may submit an application to the Department of Economic Development (DED)" and sets forth information to be included in an application for the land assemblage tax credits. There is also no reference to any date by which these applications must be filed on the Program Guidelines that specify the basic information for the program other than the above statement that these applications will be accepted throughout the entire year.

• In accordance with Section 99.1205.6, "[i]f an applicant applying for the tax credit meets the criteria required under this section, the department shall issue a certificate in the appropriate amount."

• When the terms of the Program Guidelines for the land assemblage tax credit program and the above statutory provision are analyzed together, there is a clear statement that there is to be an immediate issuance of these tax credits as opposed to a redeveloper waiting an extended period of time to receive tax credits that will be

needed by the redeveloper. In this instance, the term "appropriate" in the cited statutory provision refers to the amount allowable under the application with the annual limitation of only $20 million to be issued as provided

in Section 99.1205.7. In your e-mail, you reference the provision in Section 99.1205.6 that an applicant may file for acquisition costs on "an annual basis". This reference to an "annual basis" refers to the time frame for filing

9

an application, but this provision does not relate to the time frame for DED to issue tax credits. In accordance with the above-cited language of Section 99.1205.6, if an applicant files an application that meets the statutory criteria regarding the acquisition costs and the interest costs, DED is to issue the tax credits upon such filing.

• With respect to the use of the term "pro rata" allocation in subsection 7, the term "pro rata" only relates to the date on which there is more than one application pending before DED. Before that date, there can be no pro rata application and the application should be accepted and the tax credits allocated. If, after the issuance of tax credits to a single applicant during a year, there would be a later-filed application for tax credits for an amount that would cause the aggregate amount of tax credits authorized for that year to be greater than $20 million, the later filing applicant still would receive the authorized tax credits because those tax credits are carried forward under the provisions of subsection 7 to the next yea r. The statute thus has a safe harbor built into the issuance and authorization structure for the tax credits to protect applicants filing later in a given year.

• As well, if the position of DED is carried to its logical conclusion as described in your e-mail, there would only be an issuance of land assemblage tax credits on December 31st of each year to ensure there could be no further applications submitted that necessitated an allocation of the tax credits on a "pro rata" basis as you describe "pro rata" in your e-mail. Section 99.1205.6 provides that "[i]f an applicant receives a tax credit for maintenance costs as a part of the applicant's acquisition costs, the depa rtment shall post on its Internet web site the amount and type of maintenance costs and a description of the redevelopment project for which the applicant received a tax credit within thirty days after the department issues the certificate to the applicant." If DED was statutorily required to issue the tax credits on December 31st of each year, the reference in this sentence of Section 99.1205.6 to posting this information on DED's Internet web site within thirty days of the issuance of the tax credits would instead require that DED post this information on or before January so". Because Section 99.1205.6 does not specify such a date, this language of the statute acknowledges that there can be an issuance of tax credits during the year and not just at the end of the year.

• The policy consideration behind this analysis for the issuance of tax credits upon the filing of applications, which meet the statutory criteria, is that DED should want to benefit those developers, who have undertaken the risk, incurred the costs and filed applications, before DED issues tax credits to later filed applications. The developers with previously filed applications can use the tax credits to alleviate debt burdens associated with the land assemblage. This elimination of debt correspondingly lessens the interest carry and, concomitantly, the amount of tax credits that will be issued for such interest costs.

The second point of analysis relates to the fact that the current request for additional tax credits is under a pending application that was filed in 2009 for which the total authorized amount of $20 million was not issued.

• In accordance with the statute, any amount greater than $20 million was to be carried forward for issuance. In this instance, the remaining allocation for 2009 of $20 million should be issued immediately (approximately $380,000).


Irvin C. Ness


Suite 500


10


NOTICE OF CONFIDENTIALITY, ATIORNEY-CLIENT PRIVILEGE AND ATIORNEY WORK PRODUCT: The information contained in this e-mail message, including any attachments, is confidential information intended only for the use of the recipient(s) named above. The information is privileged and/or protected by the attorney-client privilege, the attorney work-product doctrine, or other similar privileges and limitations on disclosure. If you are not the named or intended recipient of this message, please do not read, rely upon, save, copy, print or retransmit, but rather, destroy it immediately and permanently delete the message from your computer or network system. Any unauthorized retransmission, retention, distribution, printing or copying of this message or any attachments is strictly prohibited. If you have received this e-mail message in error, please immediately contact iness@stoneleyton.com or call (314) 236- 0211 immediately. Thank you.

This sender is not aware of any virus or defect in this e-mail or any attachment that might negatively affect any computer system into which it is received and opened. It is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by the sender for any loss or damage arising in any way if such a virus or defect exists.

IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any matters addressed herein.

11

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: DALA Credits

From: Winn, Karen

Sent: Wednesday, March 17,201010:13 AM To: Perryl Ann

Cc: Hemenway, Sallie Subject: RE: DALA Credits

Yes, I think so.

Karen A. Winn General Counsel

Department of Economic Development (573) 751-5097

NOTICE: This message and all attachments transmitted with it are intended solely for the use of the addressee and may contain legally privileged and confidential information. If the reader of the message is not the intended recipient, or an employee or agent responsible for delivering the message to the intended recipient, you are hereby notified that any dissemination, distribution, copying, or other use ofthe message or its attachments is strictly prohibited. If vou have received a message in error, please notify the sender immediately by replying to the message and please delete it from your computer.

From: Perry, Ann

Sent: Wednesday, March 17,201010:11 AM To: Winn, Karen; Hemenway, Sallie Subject: FW: DALA Credits

Do we need to meet on this?

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Tuesday, March 16, 20106:02 PM

To: Perry, Ann; Hemenway, Sallie; Pauley, Mark Subject: RE: DALA Credits

Ann:

Any update on this issue? The most pressing one for us is the balance of the 2009 credits. Thanks.

cm

From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Thursday, March 11, 2010 1:16 PM



12

Chris,


Thanks, Ann

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Thursday, March 111 2010 11:57 AM


Subject: DALA Credits

I understand that there has been a decision on the delay of the tax credits. But, I sfill believe it is very important to finalize what Is still owed to NorthSide from the balance of fhe 2009 dollars and the 2010 requests. I would like fo have this put to bed so that when the time came for the release, that we did nof have to go through the mad scramble. Are there any reasons why this could not happen? Please let me know.

Chris

13

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: DALA Credits

From: Perry, Ann

Sent: Wednesday, March 17, 2010 10:11 AM To: Winn, Karen; Hemenway, Sallie Subject: FW: DALA Credits

Do we need to meet on this?

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Tuesday, March 16, 2010 6:02 PM

To: Perry, Ann; Hemenway, Sallie; Pauley, Mark Subject: RE: DALA Credits

Ann:

Any update on this issue? The most pressing one for us is the balance of the 2009 credits. Thanks.

cm

From: Perry, Ann [mallto:ann.perry@ded.mo.gov] Sent: Thursday, March 11, 2010 1:16 PM



Chris,

The decision was made to delay the credits. 1 am understanding that the issuance of the balance of 2009 and 2010 are still under review. I will try to get clarification on this.

Thanks, Ann

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Thursday, March 11, 2010 11:57 AM



I understand that there has been a decision on the delay of the tax credits. But, I still believe it Is very Important to finalize what is still owed to NorthSide from the balance of the 2009 dollars and the 20 J 0 requests. 'would like to have this put to bed so that when the time came for the release, that we did not have to go through the mad scramble. Are there any reasons why this could not happen? Please let me know.

Chris

14

Overbey. Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW:

-----Original Message----From: Perry, Ann

Sent: Thursday, December 31, 2009 9:58 AM To: 'KSchulte@cpdcdrg.com'

Subject: Re:

One more question. On the valuation sheets, why would the prior owner be different (in some cases)?

----- Original Message -----

From: Kurt Schulte <KSchulte@cpdcdrg.com> To: Perry, Ann

Sent: Thu Dec 31 09:52:06 2009 Subject: FW:

2nd of two emails

Kurt K. Schulte

Senior Project Manager CPDC/DRG

2ee N. Broadway, Suite 155e St. Louis, MO 63102

Phone: (314) 621-4373 x19 Fax: (314) 621-4635


From: Trisha [mailto:Trisha@cpdcdrg.com] Sent: Thursday, December 31, 2009 8:42 AM To: Kurt Schulte

Subject:

This E-mail was sent from "RNPB8CCA2" (MP350e/DSm735e).

Scan Date: 12.31.2009 09:42:e6 (-0500) Queries to: Laurie@cpdcdrg.com

15

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: DALA Credits

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Thursday, March 11, 2010 1:47 PM

To: Perry, Ann; Hemenway, Sallie; Pauley, Mark Cc: kurt@cpdcdrg.com; Drinkard, Mark Subject: Re: DALA Credits

I know we are delayed on the issuance of the credits until the end of the year. I was asking about the actual dollar amount of the award of tax credits. The award obviously would be subject to other applications being submitted and approved. I'm just trying to make sure I have a read on what we would potentially be eligible to receive based on what we have already submitted.

From: Perry, Ann


Sent: Thu Mar 11 13:15:392010


Chris,


Thanks, Ann

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Thursday, March 11,2010 11:57 AM



I understand that there has been a decision on the delay of the tax credits. But. I still believe it ;s very important to finalize what is still owed to NorthSide from the balance of the 2009 dollars and the 2010 requests, I would like to have this put to bed so that when the time came for the release, that we did not have to go through the mad scramble. Are there any reasons why this could not happen? Please let me know.

Chris

16

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: Regular Conference Call - Discussion of Issuance of Tax Credits

From: Ness, Irvin [mailto:iness@stoneleyton.com] Sent: Tuesday, February 02,20107:10 AM

To: Perry, Ann

Cc: Hemenway, Sallie; McKee, Chris; McKee Jr, Paul J.; Stone, Steven; Carey, Lynn; Puricelli, Paul; Kurt Schulte Subject: Regular Conference call - Discussion of Issuance of Tax Credits

As I mentioned in my voice mail yesterday afternoon, I was hoping that we would be able to discuss the e-malls, which we exchanged at the end of last week regarding the issuance of tax credits, in the regularly scheduled conference call at 8:00 a.m. tomorrow, February 3rd• Also, as I mentioned in my voice mail, I was hoping that your counsel would be able to join us in the conference call at that time.

Please let me know if that discussion is possible. Thank you for your consideration and assistance.

Please call me with any comments or questions at (3140 681-2907.

Irvin C. Ness


Suite 500


E-mail: iness@stonelevton.com

NOTICE OF CONFIDENTIALITY, ATTORNEY-CLIENT PRIVILEGE AND ATTORNEY WORK PRODUCT: The information contained in this e-mail message, including any attachments, is confidential information intended only for the use of the recipient(s) named above. The information is privileged and/or protected by the attorney-client privilege, the attorney work-product doctrine, or other similar privileges and limitations on disclosure. If you are not the named or intended recipient of this message, please do not read, rely upon, save, copy, print or retransmit, but rather, destroy it immediately and permanently delete the message from your computer or network system. Any unauthorized retransmission, retention, distribution, printing or copying of this message or any attachments is strictly prohibited. If you have received this e-mail message in error, please immediately contact iness@stoneleyton.com or call (314) 236- 0211 immediately. Thank you.


IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and 17

cannot be used, for the purposes of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any matters addressed herein.

18

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: Analysis Relating to Issuance of Distressed Areas Land Assemblage Tax Credits

From~ Ness, Irvin [mailto:iness@stoneleyton.comJ Sent~ Thursday, January 28, 20109:21 PM

To: Perry, Ann; Hemenway, Sallie; Pauley, Mark

Cc~ McKee, Chris; McKee Jr, Paul J.; Stone, Steven; Carey, Lynn; Kurt Schulte

Subject: Analysis Relating to Issuance of Distressed Areas Land Assemblage Tax Credits

Set forth below is a summary of our analysis relating to the issuance of the Distressed Areas Land Assemblage Tax Credits as we discussed in the conference call on January 2ih. We also have addressed the points that you raised in our e-mail of January zz",

The first point of analysis regarding the issuance of the distressed areas land assemblage tax credits relates to the filing of an application and receiving tax credits upon the filing of an application.

• On page 4 of the Program Guidelines for the land assemblage tax credits, the Guidelines provide that applications will be "accepted year round". In your e-mail, you note that there is a reference on the web site of OED, relating to land assemblage tax credits, that redevelopers are to "submit satisfactory evidence of all acquisition, maintenance, and interest costs to OED annually prior to November 15". There is, however, no reference on the web site to any such date under the heading "Application/Approval Procedure", which section provides that "[aJredeveloper may submit an application to the Department of Economic Development (OED)" and sets forth information to be included in an application for the land assemblage tax credits. There is also no reference to any date by which these applications must be filed on the Program Guidelines that specify the basic information for the program other than the above statement that these applications will be accepted throughout the entire year.

• In accordance with Section 99.1205.6, "[iJf an applicant applying for the tax credit meets the criteria required under this section, the department shall issue a certificate in the appropriate amount."

• When the terms of the Program Guidelines for the land assemblage tax credit program and the above statutory provision are analyzed together, there is a clear statement that there is to be an immediate issuance of these tax credits as opposed to a redeveloper waiting an extended period of time to receive tax credits that will be

needed by the redeveloper. In this instance, the term "appropriate" in the cited statutory provision refers to the amount allowable under the application with the annual limitation of only $20 million to be issued as provided

in Section 99.1205.7. In your e-mail, you reference the provision in Section 99.1205.6 that an applicant may file for acquisition costs on "an annual basis". This reference to an "annual basis" refers to the time frame for filing an application, but this provision does not relate to the time frame for DED to issue tax credits. In accordance with the above-cited language of Section 99.1205.6, if an applicant files an application that meets the statutory criteria regarding the acquisition costs and the interest costs, OED is to issue the tax credits upon such filing.

• With respect to the use of the term "pro rata" allocation in subsection 7, the term "pro rata" only relates to the date on which there is more than one application pending before DED. Before that date, there can be no pro rata application and the application should be accepted and the tax credits allocated. If, after the issuance of tax credits to a single applicant during a year, there would be a later-filed application for tax credits for an

19

amount that would cause the aggregate amount of tax credits authorized for that year to be greater than $20 million, the later filing applicant still would receive the authorized tax credits because those tax credits are carried forward under the provisions of subsection 7 to the next year. The statute thus has a safe harbor built into the issuance and authorization structure for the tax credits to protect applicants filing later in a given year.

• As well, if the position of DED is carried to its logical conclusion as described in your e-mail, there would only be an issuance of land assemblage tax credits on December 31st of each year to ensure there could be no further applications submitted that necessitated an allocation of the tax credits on a "pro rata" basis as you describe "pro rata" in your e-mail. Section 99.1205.6 provides that "[i]f an a pplicant receives a tax credit for maintenance costs as a part of the applicant's acquisition costs, the department shall post on its Internet web site the amount and type of maintenance costs and a description of the redevelopment project for which the applicant received a tax credit within thirty days after the department issues the certificate to the applicant." If DED was statutorily required to issue the tax credits on December 31st of each year, the reference in this sentence of Section 99.1205.6 to posting this information on OED's Internet web site within thirty days of the issuance ofthe tax credits would instead require that DED post this information on or before January so". Because Section 99.1205.6 does not specify such a date, this language of the statute acknowledges that there can be an issuance of tax credits during the year and not just at the end of the year.

• The policy consideration behind this analysis for the issuance of tax credits upon the filing of applications, which meet the statutory criteria, is that DED should want to benefit those developers, who have undertaken the risk, incurred the costs and filed applications, before DED issues tax credits to later filed applications. The developers with previously filed applications can use the tax credits to alleviate debt burdens associated with the land assemblage. This elimination of debt correspondingly lessens the interest carry and, concomitantly, the amount of tax credits that will be Issued for such interest costs.

The second point of analysis relates to the fact that the current request for additional tax credits is under a pending application that was filed in 2009 for which the total authorized amount of $20 million was not issued.

• In accordance with the statute, any amount greater than $20 million was to be carried forward for issuance. In this instance, the remaining allocation for 2009 of $20 million should be issued immediately (approximately $380,000).


Irvin C. Ness


Suite 500

St.louis, Missouri 63105 Telephone: (314) 721-7011 Direct Dial: (314) 236-0211 Cell Phone: (314) 681-2907 Fax: (314) 721-8660


NOTICE OF CONFIDENTIALITY, ATIORNEY-CLIENT PRIVILEGE AND ATIORNEY WORK PRODUCT: The information contained in this e-mail message, including any attachments, is confidential information intended only for the use of the recipient(s) named above. The information is privileged and/or protected by the attorney-client privilege, the attorney work-product doctrine, or other similar privileges and limitations on disclosure. If you are not the named or intended recipient of this message, please do not read, rely upon, save, copy, print or retransmit, but rather, destroy it immediately and permanently delete the message from your computer or network system. Any unauthorized

20

retransmission, retention, distribution, printing or copying of this message or any attachments is strictly prohibited. If you have received this e-mail message in error, please immediately contact iness@stoneleyton.com or call (314) 236- 0211 immediately. Thank you.


IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any matters addressed herein.

21

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann



From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Wednesday, December 30,200910:01 AM

To: Hemenway, Sallie; Ness, Irvin; Kurt Schulte; Drinkard, Mark Cc: Perry, Ann; Pauley, Mark

Subject: RE: Interest costs/maintenance costs

Can we do a call at 1030?

800.531.3250 10 #: 6305563

From: Hemenway, Sallie [mailto:sallie.hemenway@ded.mo.gov] Sent: Wednesday, December 30,20099:53 AM

To: Ness, Irvin

Cc: McKee, Chris; Perry, Ann; Pauley, Mark Subject: Interest costs/maintenance costs


That means we are measuring the amount allocated to eligible properties against the invoices paid, by year. If the spreadsheet is less than the invoices, we would be okay. Theoretically, the eligible property allocations plus the ineligible property allocations would equal the invoices for that year.

The problem is:



Please advise.

22

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann



From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Wednesday, December 30, 200910:15 AM

To: Hemenway, Sallie; Ness, Irvin; Kurt Schulte; Drinkard, Mark Cc: Perry, Ann; Pauley, Mark


Cool.

From: Hemenway, Sallie [mailto:sallie.hemenway@ded.mo.gov] Sent: Wednesday, December 30,200910:09 AM

To: Ness, Irvin; McKee, Chris


Subject: Re: Interest costs/maintenance costs

. Yes. And yes a call at 10:30 is good.

From: Ness, Irvin <iness@stoneleyton.com>

To: McKee, Chris <cpmckee@optimusdev.com>; Hemenway, Sallie Cc: Perry, Ann; Pauley, Mark

Sent: Wed Dec 30 10:01:25 2009


I thought Ku rt had sent another spreadsheet yesterday that provided for the allocation of the interest costs and maintenance costs. I will check with him to verify that the spreadsheet has been sent.

Please call me with any comments or questions at {314} 681-2907.

Irvin C. Ness


Suite 500



NOTICE OF CONFIDENTIALITY, ATTORNEY-CLIENT PRIVILEGE AND ATTORNEY WORK PRODUCT: The information contained in this e-mail message, including any attachments, is confidential information intended only for the use of the recipient(s} named above. The information is privileged and/or protected by the

23

attorney-client privilege, the attorney work-product doctrine, or other similar privileges and limitations on disclosure. If you are not the named or intended recipient of this message, please do not read, rely upon, save, copy, print or retransmit, but rather, destroy it immediately and permanently delete the message from your computer or network system. Any unauthorized retransmission, retention, distribution, printing or copying of this message or any attachments is strictly prohibited. If you have received this e-mail message in error, please immediately contact iness@stonelevton.com or call (314) 236-0211 immediately. Thank you.

From: McKee, Chris

Sent: Wednesday, December 30,20099:56 AM To: 'sallie.hemenway@ded.mo.gov'; Ness, Irvin

Cc: 'ann. perry@ded.mo.gov'; 'mark. pauley@ded.mo.gov' Subject: Re: Interest costs/maintenance costs

Maybe it would be best to have a call to discuss?

From: Hemenway, Sallie To: Ness, Irvin

Cc: McKee, Chris; Perry, Ann; Pauley, Mark Sent: Wed Dec 3009:53:172009

Subject: Interest costs/maintenance costs


That means we are measuring the amount allocated to eligible properties against the invoices paid, by year. If the spreadsheet is less than the invoices, we would be okay. Theoretically, the eligible property allocations plus the ineligible property allocations would

equal the invoices for that year. .

The problem is:



Please advise.

24

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann .


FW: Deeds

From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Thursday, April 01, 2010 9:53 AM

To: Perry, Ann

Subject: Deeds

Ann: I'm sorry I forgot to tell you that when you are looking at the deeds, the price we paid is usually listed on the third or fourth page.

Kurt K. Schulte


200 N. Broadway, Suite 1550 St. Louis, MO 63102

Phone: (314) 621-4373 x19 Fax: (314) 621-4635

25

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW:

From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Wednesday, March 31, 2010 4:45 PM

To: Perry, Ann

Subject:

The documents I sent should total $272K. If we need more, just let me know.

Kurt K. Schulte



Phone: (314) 621-4373 x1 9 Fax: (314) 621-4635

26

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW:

From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Tuesday, March 30, 2010 10: 13 AM

To: Perry, Ann

Subject:

Of the six parcels you sent me last week for issuance 3. I have sent you the COVs on 4 of them and I want to confirm you got those. As I mentioned one parcel does not have a COY filed because it was purchased from a bank after a foreclosure and the City does not require the filing of a COy for that. I will get the last COy for you soon.

Kurt K. Schulte



Phone: (314) 621-4373 x19 Fax: (314) 621-4635

27

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: DALA Credits

From: Perry, Ann

Sent: Thursday, March 11, 2010 1: 16 PM

To: 'McKee, Chris'; Hemenway, Sallie; Pauley, Mark Cc: Kurt Schulte; Drinkard, Mark


Chris,


Thanks, Ann

From: McKee, Chris [mailto:cpmckee@optimusdev.com] Sent: Thursday, March 11/ 2010 11:57 AM

To: Hemenway, Sallie; Perry, Ann; Pauley/ Mark Cc: Kurt Schulte; Drinkard, Mark


I understand that there has been a decision on the delay of the tax credits. But, I still believe it Is very important to finalize what is still owed to NorthSide from the balance of the 2009 dollars and the 20 J 0 requests. I would like to have this put to bed so that when the time came for the release. that we did not have to go through the mad scramble. Are there any reasons why this could not happen? Please let me know.

Chris

28

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: Deeds


From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Thursday, April 01, 2010 5:14 PM

To: Perry, Ann

Subject: RE: Deeds

Is there anything we need to do on Qur end for you to issue? 1"m not trying to rush you, I just don't know what the process is and want to make sure I don"t drop the ball on anything.

Kurt K. Schulte Senior Project Manager CPDC/DRG

20e N. Broadway, Suite 1550 St. Louis, MO 63102

Phone: (314) 621-4373 x19 Fax: (314) 621-4635


From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Thursday, April 01, 2010 2:38 PM

To: Kurt Schulte

Subject: RE: Deeds

live hit the number and we are trying to issue now.



To: Perry, Ann

Subject: RE: Deeds

No problem. Do you have any guess as to if we are going to hit the number or if I need to pull more info together for you?

29

Thanks for all your help.

"Perry, Ann" <ann.perry@ded.mo.gov> wrote:

Ok. Thanks for everything!


To: Perry, Ann

Subject: Deeds


Kurt K. Schulte

Senior Project Manager

CPDC/DRG

2ee N. Broadway, Suite 1550

St. Louis, MO 63192

Phone: (314) 621-4373 x19

Fax: (314) 621-4635

30

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: Deeds



To: Perry, Ann

Subject: RE: Deeds

Thanks so much for everything. We can coordinate the other needed docs next week at your convenience.

Kurt K. Schulte


2e0 N. Broadway, Suite 1550 St. Louis, MO 63102

Phone: (314) 621-4373 x19 Fax: (314) 621-4635


From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Thursday, April 01, 2010 2:38 PM

To: Kurt Schulte

Subject: RE: Deeds

I've hit the number and we are trying to issue now.


From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Thursday, April 01, 2e18 1:34 PM

To: Perry, Ann

Subject: RE: Deeds



31




To: Perry, Ann

Subject: Deeds

Ann: 11m sorry I forgot to tell you that when you are looking at the deeds, the price we paid is usually listed on the third or fourth page.

Kurt K. Schulte


CPDC/DRG

2ee N. Broadway, Suite 1550

St. Louis, MO 63182

Phone: (314) 621-4373 x19

Fax: (314) 621-4635

32

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann

Friday, July 02, 20108:46 AM Pieper, Chris

FW: Deeds


Sent: Thursday, April 01, 2010 2:38 PM To: 'Kurt Schulte'

Subject: RE: Deeds

I've hit the number and we are trying to issue now.



To: Perry, Ann

Subject: RE: Deeds






To: Perry, Ann

Subject: Deeds


33


200 N. BroadwaYJ Suite 1550 St. LouisJ MO 63102

Phone: (314) 621-4373 x19 Fax: (314) 621-4635

34

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: Deeds



To: Perry, Ann

Subject: RE: Deeds






To: Perry, Ann

Subject: Deeds


Kurt K. Schulte


CPDC/DRG

35


Phone: (314) 621-4373 x19 Fax: (314) 621-4635

36

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW:


Sent: Wednesday, March 31, 2010 9:10 AM To: 'Kurt Schulte'

Subject: RE:

I thought we had decided to use tax sales properties instead of maintenance costs. If so, I am needing the back up information on the tax sales. Also, I don't have brokerage information for lots of the properties from 1st and 2nd issuance, I could include those if you have that. Or brokerage info for 3rd issuance, could use those. Call me if it is easier to discuss 573/522-8006 Thanks, Ann


From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Wednesday, March 31, 2010 7:24 AM

To: Perry, Ann

Subject: RE:

I have confirmed that I will get the other COV this morning. Once you have that, have we hit the threshold for the third issuance, or will there be some other docs we will need to provide? Thanks for all your help.

"Perr-y, Ann" <ann.perry@ded.mo.gov) wrote:

Hi,

Yes I have received 4. Thank you. Also, I have updated the 1st and 2nd issuance "spreadsheets with the other info submitted. Do you want updated spreadsheets or is what you have ok? Ann

From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] 37

Sent: Tuesday, March 30, 2010 10:13 AM To: Perry, Ann

Subject:

Of the six parcels you sent me last week for issuance 3, I have sent you the COVs on 4 of them and I want to confirm you got those. As I mentioned one parcel does not have a COV filed because it was purchased from a bank after a foreclosure and the City does not require the filing of a COV for that. I will get the last COV for you soon.

Kurt K. Schulte


CPDC/DRG

200 N. Broadway, Suite 1550

St. Louis, MO 63102

Phone: (314) 621-4373 x19

Fax: (314) 621-4635

38

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW:


From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Wednesday, March 31, 2010 7:24 AM

To: Perry, Ann

Subject: RE:

I have confirmed that I will get the other COV this morning. Once you have that, have we hit the threshold for the third issuance, or will there be some other docs we will need to provide? Thanks for all your help.

I1Perry, Annl1 <ann.perry@ded.mo.gov> wrote:

Hi,

Yes I have received 4. Thank you. Also, I have updated the 1st and 2nd issuance spreadsheets with the other info submitted. Do you want updated spreadsheets or is what you have ok? Ann

From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Tuesday, March 30, 2e10 10:13 AM

To: Perry, Ann

Subject:

Of the six parcels you sent me last week for issuance 3, I have sent you the COVs on 4 of them and I want to confirm you got those. As I mentioned one parcel does not have a COV filed because it was purchased from a bank after a foreclosure and the City does not require the filing of a COV for that. I will get the last COV for you soon.

39



Phone: (314) 621-4373 x19 Fax: (314) 621-4635

40

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW:

From: Kurt Schulte [maifto:KSchulte@cpdcdrg.com] Sent: Tuesday, March 30, 2010 10:35 AM

To: Perry, Ann

Subject: RE:

We should have a bunch more corning your way today. The title company sent me a scan with a bunch of them, but the scan was only letter size so it cut off some of the info and they overnighted us hard copies that we will get scanned properly. Sso if you want to wait til you get those that would be fine and you could send a more updated list in the next day or two.

Beyond the six you sent me, how many more parcels are we talking about to reach the threshold for the third issuance?

Also, I talked to Irv and am aware that you wanted more comprehensive info on the tax sales, so I should have a list sent from the sheriff that will include the addresses, purchase price, etc sometime today.

Thanks for all your help and patience.

Kurt K. Schulte



Phone: (314) 621-4373 x19

Fax: 621-4635

From: Perry, Ann [mailto:ann,perry@ded.mo.gov] Sent: Tuesday, March 30, 2010 10:22 AM

To: Kurt Schulte

Subject: RE:

Hi,

Yes I have received 4. Thank you. Also, I have updated the 1st and 2nd issuance spreadsheets with the other info submitted. Do you want updated spreadsheets or is what you have ok? Ann

From: Kurt Schulte [mailto:KSchulte@cpdcdrg,com] Sent: Tuesday, March 30, 2010 10: 13 AM

To: Perry, Ann

Subject:

Of the six parcels you sent me last week for issuance 3, I have sent you the Cays on 4 of them and I want to confirm you got those. As I mentioned one parcel does not have a COY filed because it was purchased from a bank after a foreclosure and the City does not require the filing of a COY for that. I will get the last COy for you soon.

Kurt K. Schulte


41

CPDC/DRG


Phone: (314) 621-4373 x19 Fax: (314) 621-4635

42

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW:

From: Perry, Ann

Sent: Tuesday, March 3D, 2010 10:22 AM To: 'Kurt Schulte'

Subject: RE:

Hi,

Yes I have received 4. Thank you. Also, 1 have updated the i" and 2nd issuance spreadsheets with the other info submitted. Do you want updated spreadsheets or is what you have ok? Ann

From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Tuesday, March 30, 2010 10: 13 AM

To: Perry, Ann

Subject:

Of the six parcels you sent me last week for issuance 3, I have sent you the COVs on 4 of them and I want to confirm you got those. As I mentioned one parcel does not have a COY filed because it was purchased from a bank after a foreclosure and the City does not require the filing of a COY for that. I will get the last COy for you soon.

Kurt K. Schulte


200 N. Broadway, Suite 1550 Sf. Louis, MO 63102

Phone: (314) 621-4373 x19 Fax: (314) 621-4635

43

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann

Friday, July 02, 20108:41 AM Pieper, Chris -

FW: acquisitions

From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Monday, March 29, 2010 11:26 AM

To: Perry, Ann

Subject: RE: acquisitions

Ann: I should have these six today. I will also be forwarding you some others from 1&2 as well. Are these six all you need for the third issuance?

Kurt K. Schulte



Phone: (314) 621-4373 x19

Fax: 621

From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Tuesday, March 23, 2010 11:45 AM

To: Kurt Schulte

Cc: Pauley, Mark


Ok. I was actually asking because I have a few from the 1st and 2nd issuance that for some reason didn't get included in that issuance but can be included in the 3'd issuance and! was just going to pull them up. I've attached the spreadsheet I am starting for the 3'd issuance. These properties were part of another settlement statement. I don't have cavan any of them ...

From: Kurt Schulte [mailto:KSchulte@cpdcdrg.com] Sent: Tuesday, March 23, 2010 11:42 AM

To: Perry, Ann

Cc: Pauley, Mark


Ann: I just talked to Irv about the tax sale parcels. Since the property transfer happens in court, there is no COV usually filed. I am contacting the attorney that handles the confirmations to see what kind of documentation they have that shows the amount paid and the transfer of property.

Kurt K. Schulte


200 N, Broadway, Suite 1550 St Louis, MO 63102

Phone: (314) 621-4373 x19 Fax:

From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Tuesday, March 23, 2010 10:49 AM

44

To: Kurt Schulte

Cc: Pauley, Mark Subject: Re: acquisitions

Kurt, is there a way for me to pull cov from the internet?


Cc: Pauley, Mark

Sent: Tue Mar 2310:41:472010 Subject: RE: acquisitions

Thanks Ann. I'll try to get on this asap.

Kurt K. Schulte


200 N, Broadway, Suite 1550 St. Louis, MO 63102

Phone: (314) 621-4373 x19

Fax: 621-4635

From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Monday, March 22, 20104:28 PM

To: Kurt Schulte

Cc: Pauley, Mark

Subject: acquisitions

Hi Kurt,

We've gone through the list yet another time. I have highlighted the properties that I am missing info for and have noted what is needed. Please let me know if you have questions. I have gone back through old emails in case I missed something and found a few more items. For now I think I've documented what we have. I apologize if you are having to resend some of the info, there is a lot to go through.

let me know if you have questions and Tha nks for your help! Ann

45

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: acquisitions


To: Perry, Ann

Cc: Pauley, Mark


Ann: I just talked to Irv about the tax sale parcels. Since the property transfer happens in court, there is no COV usually filed. I am contacting the attorney that handles the confirmations to see what kind of documentation they have that shows the amount paid and the transfer of property.

Kurt K. Schulte

Senior Project Manager GPDG/ORG


Phone: (314) 621-4373 x19

Fa_~:cn!±) 621"-:~~~§._,~ __ "~'_'"m' ""'~C"~'""~'_M"""""'W'''''~'''''~''_~'''~''''''''''''''~~_~'~W ..•. ,.

From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Tuesday, March 23,201010:49 AM

To: Kurt Schulte

Cc: Pauley, Mark

Subject: Re: acquisitions

Kurt, is there a way for me to pull coy from the internet?


Cc: Pauley, Mark

Sent: Tue Mar 23 10:41:472010 Subject: RE: acquisitions


Kurt K. Schulte

Senior Project Manager GPOC/ORG

200 N, Broadway, Suite 1550 S1. Louis, MO 63102

Phone: (314) 621-4373 x19 621-4635

From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Monday, March 22, 2010 4:28 PM

To: Kurt Schulte

Cc: Pauley, Mark


46

Hi Kurt,

We've gone through the list yet another time. I have highlighted the properties that I am missing info for and have noted what is needed. Please let me know if you have questions. I have gone back through old emails in case I missed something and found a few more items. For now I think I've documented what we have. I apologize if you are having to resend some of the info, there is a lot to go through.

let me know if you have questions and Thanks for your help! Ann

47

Overbey, Dawn

From:

Sent:

To:

Subject:

Perry, Ann


FW: acquisitions


To: Perry, Ann

Cc: Pauley, Mark


No, unfortunately the City doesn't have that service online. If they did, this would have been a whole lot easier. We have to go through the title company or a contact I have in the assessor's office.

Kurt K. Schulte



Phone: (314) 621-4373 x19

£~~~_@.1:!1621-4~~.~.~~~ __ .. ~ ~ .. _ ~.~.~_ ~ __ m ••••

From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Tuesday, March 23,201010:49 AM

To: Kurt Schulte

Cc: Pauley, Mark

Subject: Re: acquisitions

Kurt, is there a way for me to pull coy from the internet?


Cc: Pauley, Mark

Sent: Tue Mar 23 10:41:472010 Subject: RE: acquisitions


Kurt K. Schulte



Phone: (314) 621-4373 x19 621-4635

From: Perry, Ann [mailto:ann.perry@ded.mo.gov] Sent: Monday, March 22, 20104:28 PM

To: Kurt Schulte

Cc: Pauley, Mark


48

Dedfollowup-Sunshine Response July 12 2010

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