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20130821103157210.pdfAugust 20, 2013 Dear City of Edmonds Representative: Our contractor has advised usthat the five unit apartment building owned and managed byBrace Point Properties LLC, located at 533 Elm Way in Edmonds, is in need of repair work possibly requiring a permit from the City ofEdmonds. Based on discussions with a representative of My Contactor Inc, scope of the dry rot repair work is estimated tocost $28,00O which is less five percent (5%) of the approximate current market value of the property of$75O,OOU. Please contact Christina Neckas(LLC Menober/K8annoer at2O6-792-3877ifyou have any questions or require additional information. Thank you. Sincerely, James Dayka Member/Manager Brace Point Properties LLC cc��\OE6 SO*N7ER