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Nov 19 2004 4: 36PM Chapin Brothers Investmen 209- '64-6947 p.3 <br /> 1 <br /> COURSE OF ACTION AnTT SPATED IF CLOSURE NOT OBTAMD NOW, <br /> THIS PROCESS HAS LASTED A VERY LONG T11ME,AND I HAVE HAD <br /> ENOUGH. <br /> THE REMEDIATION PROCESS IS FLAWED AND I AM NOT WILLING TO <br /> CON INUE EFFORT OF CLEAN L`P, <br /> SINCE 1991 THIS EFFORT HAS CONTINUED WITH THE USE OF AT LEAST SIX <br /> EN021IEER NG FIRMS AND FREQUENT CHANGES IN PERSONNNEL AT THE <br /> rrcT pU;Di SACRAIti:EN'TO <br /> TO DATE <br /> • IVE ARE UNABLE TO SELL OR DEVELOP THIS SITE. <br /> • COUNTY ASSESSOR HAS REDUCED THE PROPERTY VALUE <br /> FROM 5250,000.00 TO 525,000.00 <br /> • THE CORPORATION(CHAPD;BROS. -INC.) HAS A NET <br /> OPERATING LOSS (NOL) EXCEEDING S200,000.00 <br /> • MONEY DISBURSED BY THE U.S.T. FUND APPROXIMATELY <br /> $600,000.00 <br /> ACTION BEING CONSIDERED <br /> LEGISLATURE: WE HAVE ASKED BARBARA MATTHEWS TO <br /> GET INVOILVED. "I AN;TALKING ABOUT INEFFICIENCIES AND THE <br /> OPPORTUNITY 10 SAVE MONEY. I HAVE URGED THE STATE TO APPOINT <br /> AINAD HC CONU�CTTEE OF MEMBERS FROM BOTH HOUSES TO WORK ON <br /> INQUIRY OF THIS SITUATION. <br /> ON HOLD: DISCUSSION WITH THE SAN JOAQUIN COUNTY <br /> BOARD OF SUPERVISORS. ENCOURAGING THE COUNTY LEADERS REVIEW <br /> THIS PROCESS AND THE PROVISIONS TO PROTECT THE PROPERTYOWNER. <br /> RUSSO F, Chmp4n <br /> '203 N. C,lf ion Aft, <br /> stooktM CA 952034305 <br />