HomeMy WebLinkAboutWOVENHEARTS MEMORY CARE - PDP/FDP - 5-97A - SUBMITTAL DOCUMENTS - ROUND 3 - LETTER OF INTENTJUL 22 1998 13:44 FR WEST
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Ms. Gail Knott
Ms. Amy Neitzke
iuly 21, 1998
Page 2
I.DC is willing to grant the Easement to WovenHearts on terms and
conditions .reasonably acceptable to the parties so long as said Easement does not
affect the zoning, permits, licenses oT other governmental approvals for Lot 1 in
any manner which would adversely affect the assisted living facility located
thereon or the operation thcreuf.
Please call if you have any questions with respect to the foregoing.
Very truly yours,
LTC PROPERTIES, INC.,
a Maryland corporation
By:
Pamela J. Privett,
Its Senior Vice President, General
Counsel and Secretary
LTC DEVELOPMENT COMPANY, INC.,
a Nevada corporation
By:
Christopher T. Ishikawa,
Its Chief Executive Officer
CC' Kirsten S. Ellis, Esq. (via facsimile)
M. Catherin Cauthen, Esq. (via facsimile)
Mr. Mark Lockwood (via facsimile)
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jUL-22-98 W ➢ 1:39 PM 303 671 0281 P. 5
JUL 22 1998 13:43 FR - WEST
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LTC
Legal Department
Telephone: (805) 981-3611
)Facsimile: (805) 981.3616
Sterling House Corporation
435 S. Webb Rd., Suite 500
Wichita, Kansas 67207
Attn: Ms. Gail Knott
July 21,1998
ALS-WovenI learts, Inc.
c/o Alternative Living Services, Inc.
450 N. Sunnyslope Road, Suite 300
Brookfield, Wisconsin 53005
Attn: Ms. Amy Neitzke
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300 r$PI ANA13L DA1VE
CIII'1'1; 1860
QXNAAn, CALIVORN1A 93030
805. 981. 8655
FAlco 805. 981. 8663
Via Facsimile
Re: Access Easement atF'orl Collins, Colorado Assisted Living Facility
Ladies and Gentlemen:
As you know, LTC Development Company, Tnc. ("LDC"), a subsidiary of
LTC Properties, Inc., is the owner that certain real property improved with an
assisted living facility located at 1002 Rule Drive, Fort Collins, Colorado 80525
("Lot 1"). Sterling I -louse Corporation is the operator of the assisted living
facility located on Lot 1.
In addition, ALS-WovenHcarts, Inc. ("WovenHearts"), a subsidiary of
Alternative Living Services, Inc., is the owner of that certain unimproved real
property located at the corner of Rule Drive and South L.emay Avenue, Fort
Collins, Colorado 80525 ("Lot 2"), Lot 2 is located immediately adjacent to and
east of Lot 1. WovenHearts desires to construct a 36-bed Alzheimer's dementia
assisted living residence on Lot 2. In order to facilitate the adjacent operation of
the assisted living facility on Tart I and the dementia facility on Lot 2 and to
obtain certain approvals and/or permits from the City of Fort Collins for the
construction of the dementia facility, WovenHearts has requested from LDC an
easement within the easterly portion of Lot 1 for access uses and purposes (the
"Fasement").
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