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Riverchase(3)-CS 920415 THAN D. MAIER RE: [ Ri~rch~ Dfl~- Ph~ I ) , ___r K~ · ~en ~ l~t s~ke a~ut Ph~ I of Rt~rch~ O~, ~u lndl~t~ t~at th~ strut h~oJ yet ~n a~pt~ ~ the CI~. You a~o lndi~t~ that R ~ ~ur intention to pu~ue the a~ptan~ ~th the ~entual a~ptan~ of Ph~ II and ltl We in turn, ~nv~ th~ info~atlon to our citen~ Our client ~ ~m~hat un~mfonable ~th this plan. ~iven the Cl~'s unlnte~pt~ ~ of th~'st~t and ~at~ utllltl~, and the ~nttnu~ o~ration of the Riverch~ Golf ~u~ clubho~ se~ ~ the strut and u~ltt~, the ~W h~ ~pli~ the Ci~s ~sitlon ~ ~at ~me ~her a~ion ~ r~ulr~ by our client to achl~ a~pmn~, we r~lly ~u~t a definlti~ ~t of what th~ ~uiremm~ am. We ~e sure that ~u ~1 undemmnd t~t ~n ~e ma~ltudo of o~ ~lent's Intend~ in~tment In the ~rc~ d~elopmen~ It ~ ~nable for him to n~ to ~ h~ ~tent~l ~ure, if any, In th~ regard. Sincerely, NATHAN D. MAYER C?NSULTINO ENGINEERS, INC. Mike Daniel Cl D/dmm CC JerryRagsdale Three NorthPnrk/8800 N. Central Expwy./$ulte 300/Dallaa, Texam 75231/(214) 739-4741