Thyssen Dover Elevator ~t ELEVATORS 0 P.O. Box 2177 - Memphis, TN 38101-2177 !6621 393-2110 AUGUST 12, 1999 KERR COUNTY TEXAS 700 MAIN ST KERRVILLE TX 78028-000 Re: Elevator Agreement, KERR COURTHOUSE Thyssen Dover No. 062EK2299 STODDARD CONST CO Gentlemen: CERTIFIED MAIL Thyssen Dover Elevator has an agreement with STODDARD CONST CO to furnish and install an elevator (s) for you in the project known as: KERR COURTHOUSE, KERRVILLE TX The Agreement provides for a retainer by the General Contractor of 10% of the contract price of $42,803.00 plus any approved extras and is due for payment upon completion and acceptance of the work. 90% of the contract is paid monthly as the work progresses. We cannot be certain of a completion date as work sched- uling is subject to change from time to time. Under Section 53.057 of the lien statues in the State of Texas, we are required to give you official notice of any retainage agreement we have with the General Contractor. Should a performance and payment bond e>:ist naming you, the owner, as obligee and the contractor as principal, the purpose of this notice shall serve as well as to inform you of the retainage provision in our agreement with the General Contractor. Sincerely, Nancy Stega Credit Department ek pc: STODDARD CONST CO PO BOX 33128 SAN ANTONIO TX 78265-3128 THYSSEN DOVER ELEVATOR AN EQUAL OPPORTUNITY EMPLOYER ~a~1~w e~,a A.D. tt1~ JANNETTPIEPER,KERR ERK TIME~'i1,~7~~'~ DepY~ RETA. RARBEE, Deputy FDLO55