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Enron Mail |
Phillip;
Could you please e-mail me the draw file you created for Bishops Corner. I was working on submitting it to you and rather then recreate it I should just have you send it back to me to fill in the new draw totals. Also, I need the vendor payee list that you created for the Land and Soft costs. I need to re-format it by draw number and to the Bank One format, and again it would be easier to get it from you then to re-create it. Please take a look at the following summary and compare to your numbers to see if you agree. Land And Soft Costs - Initial Draw $ 1,608,683.05 Galaxy - Draw # 1 $ 250,000.00 Galaxy - Draw # 2 $ 223,259.09 Total Paid To Date Cash $ 2,081,942.14 Project Cost $ 10,740,980.87 Loan Amount $ 8,055,736.65 Equity Required $ 2,685,244.22 Developer Profit $ ( 326,202.57) Balance Of Funding $ 2,359,041.65 Total Paid To Date $ 2,081,942.14 Balance To Fund Cash $ 277,099.51 Galaxy - Draw # 3 $ 467,566.66 Bank One Draw # 1 $ 190,467.15 Final Cash Funding $ 277,099.51 I think you thought you had more to fund. However, I do not see that you accounted for the cash portion of the Developer fee that you paid CIS. Am I looking at this right? Please let me know and attach? the files discussed above. I am working all day Monday so I hope I can get it before then if possible. Thanks A Lot Greg Thorse
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