HomeMy WebLinkAboutExchange Program - Draft LetterDRAFT COPY
July 11, 1990
William J. Perlstein, Esq.
Wilmer, Cutler & Pickering
Attorneys for Debtors
2445 "M" Street, N.W.
Washington, D.C. 20037
Mark D. Bloom, Esq.
Greenberg, Traurig, Hoffman, et al.
Co -Counsel for Debtors
1221 Brickell Avenue
Miami, FL 33131
RE: In re General Development Corporation
U.S. Bankruptcy Court Case No. 90-12231-BKC-AJC
and All Related Cases
Dear Messrs. Perlstein and Bloom:
I have reviewed of the Examiner's Second Interim Report, regarding
the proposed lot exchange program. The purpose of this letter is
to begin dialogue with respect to the potential of the City of
Sebastian entering into a lot exchange program with General
Development Corporation, as an alternative method for General
Development Corporation to satisfy its obligations for drainage and
streets within units 16 and 17 of the City of Sebastian.
Although the Examiner's interim report did not contain all
information necessary to determine the feasibility of a lot
exchange program with the City of Sebastian, we believe that this
is one avenue that may be mutually beneficial to the City of
Sebastian, as well as to your clients.
July 11, 1990
Page -2-
Accordingly, please contact my office so that we might begin
discussions regarding a lot exchange program. I look forward to
hearing from you in the near future.
Sincerely,
FRESE, FALLACE, NASH & TORPY, P.A.
Richard E. Torpy
RET/lbg
cc: Robert S. McClary, City Manager
City of Sebastian