FALCON VIEW DA RELEASE LETTER 9-13-2017.PDF

Maricopa County — Formal (2017-10-25)

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September 13, 2017
Maricopa County Board of Supervisors
205 W. Jefferson Street
Phoenix, AZ
Re: Falcon View B201405485
Release of Development Agreement
(C-44-10-148-8-00) 2010-1098291
Dear Board of Supervisors:
Everest Bethany North, LLC located at 7337 East Doubletree Ranch Road, Suite C-185 in Scottsdale is
the current owner of the Falcon View property referenced in the Development Agreement recorded
on December 17, 2010 (instrument 2010-1098291). The property is under contract with Richmond
American Homes of Arizona, Inc. with a closing date on October 10, 2017.
Upon closing, Richmond American Homes of Arizona, Inc. will post the financial assurance for the property
as required under section 7 of the Development Agreement. Per the terms of the Development
Agreement we respectfully request the Release and Termination of Development Agreement for the
Falcon View project.
Sincerely,
Ed DePinto Rya
VP Land Development Vice President of Land
Everest Holdings Richmond American Homes of Arizona, Inc.