Cambridge1P/FP-CS 980427TO: Chad Beach, Assistant Finance Director
FROM: Gary L. Sieb, Director
SUBJECT: Release of Funds, Cambridge Manor Homeowner's Association
DATE: April 27, 1998
Chad, you had asked Barbara on Friday, April 24 ifI would write a short memo explaining
my request to release escrowed funds to the above referenced homeowner's association. I
have requested that these funds be released because both parties (Beamer Development
and Cambridge Manor) have agreed that landscape services outlined in the attached letter
have been accomplished. Since both parties have signed the letter, please release the
escrowed funds at your convenience. I note that City of Coppell check number 070544,
and dated April 24, 1998 is made out to the wrong party. The check should be payable to
the management company of The Estates of Cambridge Manor Homeowner's
Association, The Principal Management Group.
I believe these comments address your request. If you need additional information, please
contact me at your convenience.
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