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<br />RE: <br /> <br />LETTER OF OFFER CONCERNING ALTERNATIVE METHODS OF USING <br />PACKAGE PLANT RESERVATIONS <br /> <br />TO: <br /> <br />. <br />. <br /> <br />In an effort to encourage development, the City of San Marcos has <br />discussed several methods of providing credits for use of the Package <br />Plant Reservations that you purchased from the City in 1984. The <br />purpose of this letter is to afford you an opportunity to choose an <br />optional way to use those reservations now held in your name by the <br />City. The following options are offered for your consideration. <br /> <br />OPTION NO.1: <br /> <br />DEVELOPER would commi t to use any number of his package plant <br />reservations within five (5) years or lose those reservations. In <br />return, the Ci ty would cred it Developer $15Ø per reservation against <br />the cost of each L.U.E used during the five (5) year period until his <br />package plant reservations are used up. <br /> <br />OPTION NO.2.: <br /> <br />DEVELOPER would commit to use any number of his package plant <br />reservations within three (3) years or lose those reservations. In <br />return, the Ci ty would cred it Developer $259 per reservation' against <br />the cost of each L.U.E. used during the three (3) year period until his <br />package plant reservations are used up. <br /> <br />OPTION NO.3: <br /> <br />DEVELOPER would commit to use any number of his package plant <br />reservations wi thin eighteen (18) months or lose those reservations. <br />In return the city would credit Developer $5ØØ per reservation against <br />the cost of each L.U.E. used during the eighteen (18) month period <br />until his package plant reservations are used up. <br /> <br />OPTION NO.4: <br /> <br />DEVELOPER'S status would remain unchanged; existing situation with <br />respect to package plant reservations would continue. <br />