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building and selling townhouses in order to maintain the viability of this project. At this time, <br />the market tells us that one-level townhomes are viable and two-stories are not. We have another <br />lender who, while not interested in refinancing the entire project, is willing to finance one-level <br />buildings, a few at a time. As previously mentioned, we have customers who want to buy in <br />buildings four and five. We can't afford to turn them away and leave three of our prime building <br />sites unbuildable until someday in the future when the two-story market may come back. <br />Nobody knows when that will happen. In conclusion, I would like you to reconsider your <br />proposed requirement that buildings 4, 5 and 12 be constructed with two-story townhouses <br />instead of one-level. Thank you for your consideration. <br />rely, <br />R Derri <br />Cottage Homesteads at West Oaks, LLC <br />