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Willow Springs Senior Residences <br />Letter of Commitment for PILOT Agreement <br /> <br />Sincerely, <br /> <br />Hunter Road Affordable Housing, Ltd., a to-be-formed Texas limited partnership <br /> <br />Albert Executive Director & Secretary <br />Housing Authority of the City of San Marcos, Texas, on behalf of its instrumentality, <br />San Marcos Reinvestment Corporation, as sole member of <br />SMRC Willow Springs LLC, a to-be-formed Texas limited liability company, <br />as managing General Partner <br /> <br />Agreed to and Accepted By: <br />City of San Marcos, Texas <br /> <br />By: <br /> <br />cC: <br /> <br />O Le~, Ci~anager <br /> <br />Date: June 15 ,2004 <br /> <br />Board of Commissioners and Board of Directors <br />San Marcos Housing Authority and San Marcos Reinvestment Corporation <br /> <br />Stuart Shaw, President <br />Bonner Carrington, Co-Developer <br /> <br /> <br />