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Bond Reduction Letter Planning Department www.harnett.org PO Box 65 108 E. Front St. Lillington, NC 27546 Ph: 910-893-7525 Fax: 910-814-6459 . Planning Department www.harnett.org PO Box 65 108 E. Front St. Lillington, NC 27546 October 7, 2008 Ph: 910-893-7525 Fax: 910-814-6459 Hub International Scheer’s Bond Department Attn: Tracy Pisciotto RE: Bond Reduction for Carolina Lakes, Phases 7&8 Lakeside Manor Bond 1 # B98815018040 To Whom It May Concern: After receiving a cost estimate of $75,000 of work left to be done by Highland Paving on Bond 1 # B98815018040 (totaling $909,750) and multiplying that by 1.25 % comes to a total of $93,750.00. The Harnett County Planning Department is allowing a bond reduction of $816,000 on the bond referenced above as of October 7, 2008. The two bonds combined together now should equal $1,011,000.00 (Bond # 1 = $93,750.00 + Bond #2 = $917,250.00). Please send us something in writing showing the bond has been reduced and the existing bond is still good for the $93, 750.00. Should you have any questions, please feel free to call. Sincerely, Mark Locklear Manager of Planning Services ML:tb Cc: Bruce Blackmon File .