Tony Capaci

From: Stephen P. Grassbaugh [sgrassbaugh@peckshaffer.com]

Sent: Monday, June 23, 2008 2:40 PM
To: Tony Capaci
Cc: Kathy Fox
Subject: NURFC
Attachments: Second Amendmentv7 to Base Lease NURFC - OCFC General.DOC; Cooperative Use
Agreementv7 - OPFC - Ohio Cultural Facilities Comm General.DOC; WSComparison_#
96793v6_ColDB_ - Cooperative Use Agreementv6 - OPFC - Ohio Cultural Facilities Comm
General-#96793v7_ColDB_ - Cooperative Use Agreementv7 - OPFC - Ohio Cultural Facilities
Comm General.doc; WSComparison_#96697v6_ColDB_ - Second Amendmentv6 to Base
Lease NURFC - OCFC General-#96697v7_ColDB_ - Second Amendmentv7 to Base Lease
NURFC - OCFC General.doc

Follow Up Flag: Follow up

Flag Status: Flagged

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pictures. To help protect y our
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Tony,

Here are the two documents with revisions to provide that NURFC will use the proceeds to retire its other debt.
Also attached are redlined versions showing the changes I made. (You may have to scroll through the
attachments.) There was no great place to include the language, and I thought the location I placed it worked the
best. If you or Kathy want it elsewhere, let me know.

This is truly a remedial effort to address the facts know to us today. If NURFC is to get funds from a future
bond issue to pay costs of capital facilities initially financed from other tax-exempt bonds, that use should be
described to the bond counsel working on the future bond issue.

Again, I remind you that none of the revised documents have been shared with counsel to the NURFC's other
lenders. Please advise when I should provide these drafts.

Finally, if I was to send the OCFC a statement today, it would be for $6,265. Ask if David wants me to send a
statement and bill any remaining work after July 1. If that is the case, please have him check to be sure there is
an agreement for our services for next year.

Steve
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priv acy , Outlook prev ented
auto matic downlo ad o f this
picture from the Internet.
Step hen Grassb augh
A ttorney
614-233-5395
sg rassbaug h@peck shaffer.com

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