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Discussion continued regarding the ramifications of the County having to take over <br />the completion of the subdivision (if the Letter of Credit is pulled) and whether or not SLM <br />Investments, LLC, would be able to fulfill their obligations within sixty days. <br />Mr. Markofsky assured the Board that his company could obtain the Certificate of <br />Completion within sixty days. <br />Motion WAS AMENDED by Commissioner O'Bryan, <br />SECONDED by Commissioner Wheeler, to approve a <br />sixty-day extension for SLM Investments, LLC, on <br />condition that if they do not receive their Certificate of <br />Completion by that time, the County will pull the Letter of <br />Credit. <br />The Chairman CALLED THE QUESTION and the <br />Motion, as amended, carried unanimously. The Board <br />approved the sixty-day (60 -day) extension for SLM <br />Investments, LLC, conditional upon obtaining the <br />Certificate of Completion within the required period; if <br />not, the Letter of Credit would be pulled. <br />AGREEMENT IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />7 <br />June 3, 2008 <br />