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PENCE/KELLY o,.~°""`~'-`o~ <br />CONSTRUCTION, INC. = Ac ~ <br />P.O. Box 4109 (503) 399-7223 ! Bf I M(/~~~ ~a <br />2747 Pence Loop SE ` (503) 585-7477 Fax <br />Salem, OR 97302-8109 (503) 224-8681 Po~tland cca ~ass <br />September 27, 1999 <br />Marion Co. & Salem Area Transit <br />Attn: John Whittington <br />3140 Del Webb Ave NE <br />Salem, OR 97303-4165 <br />Re: Courthouse Square - P/K Job #99-006 <br />Dear Mr. Whittington: <br />Please find enclosed our pay application for September work. Also enclosed is the <br />information pertaining to retainage securities. As the confirmation notes, we have placed <br />$375,000 in bonds into account #520-22204. Based on this transfer we request the release <br />of the retainage held to this point in the amount of $224,306.65. This amount has been <br />reflected in this months pay application. If there are any questions regarding these amounts <br />or the enclosed paperwork please call myself or Bob Hill. Thank you for your time. <br />Sincerely, <br />Matt Smith - Accounting Manager <br />(503)399-7223 <br />~ <br />"Creating Landmarks of Excellence" <br />