FRANK'S BLOG

SBA LOAN DOCUMENT BOOK SENT
BY OVERNIGHT DELIVERY TO SBA AT
ATLANTA ON JULY 19, 2005
WE ARE PLEASED TO LET YOU KNOW THAT THE INFORMATION
WE PREPARED AND COMPILED TO MEET THE SBA'S REQUIREMENTS
TO GET FINAL APPROVAL AND CLOSE THE $1,500,000 DISASTER
LOAN WAS SENT. THE SBA IS IN THE PROCESS OF REORGANIZING
AND HAS SENT ALL THE CONDOMINIUM LOAN FILES FROM CALIFORNIA,
WHERE THEY HAD BEEN PROCESSING THE LOANS, TO ATLANTA AT
THE END OF LAST WEEK. FORTUNATELY THE SBA LAWYER WHO WAS
VERY HELPFUL TO US IN THIS PROCESSING FLEW TO ATLANTA TO HELP
IN THE TRANSITION PERIOD. SEE BELOW FOR THE LIST OF WHAT WAS
SENT TO THE SBA

To see developments at Pelican Pointe go to: http://peli2.blogspot.com/for photographs of work undertaken.
Control No. 3620-37930 Loan No. DBL 89114040-05
A. LETTERS TO THE SMALL BUSINESS ADMINISTER ON
1. Clarification and request for additional Loan monies-July 17, 2005
2. Formal Request for waiver of cancellation of PP Mitigation Loan with SunTrust Bank- July 17,2005
B. INDEX
1. Attorney's Opinion
2. Loan Authorization and Agreement
3. SBA Note (SBA FORM 147 B)
4. Security Agreement ( 2 copies of Two Agreements, both signed and sealed.)
5. Request for Electronic Funds Transfer
6. Assignment of Insurance Proceeds (to the SBA.)
7. Continued Members Meeting Minutes - July 6, 2005, with following attachments:
a. Notice of Continuation of General Membership Meeting
b. Resolution of PP II to borrow $1,500,000.00 from SBA for hurricane damage repairs c. Special assessment resolution of PP II levying assessment, adopting terms of LA & A
making assessment irrevocable, and assigning special assessment as collateral to SBA.
8. Board of Directors Meeting Minutes - July 6, 2005. with approved attachment:
a. Resolutiou of Board of Directors as required in SBA FORM 160 (11-85) - 2 copies.
9. SBA - Borrower's Progress Certification, note no loan monies received to date from SBA.
10. Certification Regarding Lobbying
11. Certification of Hazard Insurance with Windstorm Endorsement - Condominium Master Policy, for Pelican Pointe of Sebastian II Condominium Associatiou, Inc.
12. Indian River County Building Division - PERMITS for Repairs at PP II,
a. General Contractor b. Roofer
13. Construction Contract with G. L. BEENEY, INC., dated December 21, 2004,11 pages.
14. Certificate of Liability Insurance (Contractor and sub-contractors.)
15. Financing Statement (FORM UCC-l) , sent to FLORIDAUCC, Inc.(with check copy.)
16. Agreement of Compliance (SBA FORM 601) signed by PP II and Contractor.
EEO POSTER IN PLACE.
17. DOCUMENTARY 8.TAMPS pursuant to Florida law (copy of check included.)
18. Notice of Commencement (INDIAN RIVER COUNTY)
a. General contractor
b. Roofer, with Indian River County signed Inspection Cards of work completion.
c. PP n CONTACT LIST
• SBA LIAISON: FRANK MARSHALL, VICE PRESIDENT PHONE: 772-388-9485, E-MAIL franmaur@yahoo.comorpelipointe2@yahoo.com
• PRESIDENT, ROBERT CONLEY, PHONE: 772-388-3585
E-MAIL marionpelicanpte@wmconned.comorpelipointe2@yahoo.com
• SECRETARY, KATHERINE WHIDDEN, PHONE: 772-388-3560 E-MAIL pkwhid@msn.com
• TREASURER, SUSAN KEANE, PHONE: 772-589•2185 E-MAIL skeane@vero-online.net
• VICE PRESIDENT, DAVID ROBERTSON, PHONE:772•589-1445 E-MAIL Tenndaver@aol.com