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• FIRST NATIONAL BANK OF KANSAS CITY <br /> TRUST DIVISION November 28 , 1984 <br /> Mr. J. Shepherd Russell III <br /> Friday, Eldridge & Clark <br /> 2000 First Commercial Building <br /> Little Rock, Arkansas 72201 <br /> Re: City of Batesville, Arkansas Industrial <br /> Development Revenue Bonds - Westport Project <br /> Dear Mr. Russell: <br /> Enclosed please find a Warranty Deed from the City of Bates- <br /> ville, Arkansas to Westport Casuals, Inc. It is currently expected <br /> that the proposed sale of the facility can be closed either in <br /> December of this year or early in January of 1985 . It is our pro- <br /> posal that the City execute the enclosed Deed and return it to us. <br /> We would then release the Deed upon our receipt of funds sufficient <br /> to pay the principal , interest and late interest on the above ref- <br /> erenced issue. As of December 1, 1984 , the amount necessary to <br /> pay off the bonds will be $159 , 316 . 02 , computed as follows: <br /> Series A Series B <br /> Principal $140, 000 . 00 $10 ,000 . 00 <br /> Interest due 6-1-84 4 ,200 . 00 387 .50 <br /> Interest due 12-1-84 4 ,200 . 00 387 .50 <br /> Late interest 126 .00 15.02 <br /> $148 ,526 . 00 $10 ,790. 02 <br /> After December 1, 1984 interest and late interest will continue to <br /> accumulate at a rate of $27 . 05 per day representing: $24 . 73 per day <br /> on the Series A bonds; and $2 . 32 per day on the Series B bonds. <br /> Should you have any questions, please contact Carl J. Circo of <br /> Stinson, Mag & Fizzell, 2100 CharterBank Center, P O Box 19251, <br /> Kansas City, Mo. 64141-2251, (816) 842-8600 , or the undersigned. <br /> Sincerely, <br /> AJaes K. Shineman <br /> Vice President <br /> JKS/an <br /> ( cc: Carl J. Circo <br /> 10TH AND BALTIMORE❑CHARTERBANK CENTER❑13TH AND WASHINGTON❑8750 BLUE RIDGE BOULEVARD <br /> KANSAS CITY,MO❑TELEPHONE:(816)221-2800❑MEMBER FDIC <br /> MAILING ADDRESS:BOX 38❑KANSAS CITY,MO 64183-0300 <br />