Thursday April 2nd, 2009 - 11:27AM

The attached letter is forwarded at the request of Mr. Gunther. Thanks - Ed

-----Original Message-----
From: Fred Gunther [mailto:fred@guntherproperties.com]
Sent: Thursday, April 02, 2009 11:10 AM
To: Edward Spears
Subject: Draft Development Agreement

Hello Ed,

A letter concerning the Draft Development Agreement is attached. Will you please distribute to the CMPA Board members as well as your email list?

Thank you,

Fred

Fred Gunther, CCIM
Gunther Properties, LLC
213 S Baylen Street
Pensacola, FL 32502
o 850.433.0666
f 850.470.6397
fred@guntherproperties.com
www.guntherproperties.com