Mark,
My intent is to support sending a letter of default which will begin a 90 day cure period.
In Service,
Vice Mayor Ben Arredondo
-----Original Message-----
From: markvill@aztec.asu.edu [mailto:markvill@aztec.asu.edu]
Sent: Thursday, January 27, 2000 7:47 AM
To: neil_giuliano@tempe.gov; ben_arredondo@tempe.gov;
dennis_cahill@tempe.gov; len_copple@tempe.gov; hugh_hallman@tempe.gov;
joseph_lewis@tempe.gov; joe_spracale@tempe.gov
Subject: peabody hotel fails to come up with financing
i noticed in todays paper that the peabody hotel again failed to come up with the financing for the town lake hotel.
in the past it seemed that the peabody hotel had a sweetheart deal with the city of tempe. when ever the peabody hotel didnt live up to its agreement the city didnt do anything to punish peabody for failing to delive the goods, but let peabody continue to have its share in the gravy train profits.
will this be the case again. ie: peabody doesnt deliver, but peabody gets the contract to build the hotel. while other companies who are capable of building the hotel, and have the financing to build the hotel but are excluded from building the hotel because of the sweetheart agreement between tempe and peabody hotel?
or will tempe sue peabody this time and end the sweetheart agreement.
thanks
mark villa