Agenda Packets - 1996/04/22 - Laserfiche WebLink

Home Browse Search

• Oak Grove Trust Status Report October 12, 1994 Page 2 2. As soon as we know which Trust Members desire reimbursement under the LCP, my office will prepare and execute the final Reimbursement Application. The Reimbursement Application will reflect the total reimbursable claim of the Oak Grove Trust, and is the amount the Oak Grove Trust expects to receive in reimbursement between May 1, 1996 and May 2002. We will not know the percentage of reimbursement that the Trust and each member will receive until this form is completed. We apologize for providing you with so little time to evaluate the document, make a decision, and return your signature page. Fortunately, there are only a few changes from the draft of the Reimbursement Agreement that we provided you in the December 21, 1995 mailing. We know that most, and hope that all, Trust Members have previously decided whether to seek reimbursement, and we hope that this will ease the time burden. This tight time frame is required because MPCA has established a deadline of April 26, 1996 to submit all signature pages and the final Reimbursement Application. We need to establish the deadline of Tuesday, April 23, 1996 for the return of signature pages so that we have time to make the final calculations, and to prepare and submit the Reimbursement Application. MPCA, is scheduled to make the first payment to the Oak Grove Trust in the first • week of May 1996. After the payment to the Egan Family Trust of the amount required pursuant to the terms of the Trust Agreement, the remainder of the first reimbursement payment will be distributed pro rata to all Oak Grove Trust Members who are eligible for reimbursement and who have returned an executed signature page to the Reimbursement Agreement. If you desire reimbursement, and are unable to return your Reimbursement Agreement signature page by the deadline, please get your signature page to us as soon as possible so you may be included in the program for the next reimbursement payment. AGAIN, IF YOU DESIRE REIMBURSEMENT UNDER THE LCP, PLEASE PROVIDE ME WITH YOUR EXECUTED SIGNATURE PAGE TO THE ATTACHED REIMBURSEMENT AGREEMENT BY TUESDAY, APRIL 23, 1996. GPG • 350/22113469 4/16/96