The following is a reproduction of a memo delivered to shareholders by Managing Agent Justin Verret on 14 May 2014.

(View/download the scanned memo [PDF, 19KB].)

To: All Residents of Nagle Apartments Corp.
From: Justin Verret
Re: Garage Roof and Interior Repair Program: Asbestos Abatement Completed

The first phase of the garage roof replacement and interior garage repairs has been completed. The asbestos abatement is done and the focus will now be on the garage roof surface itself. Xinos Construction is waiting on the city to sign off on the asbestos project so they can start the actual roof replacement and waterproofing. This is expected to start around June 2nd. There will be little activity on the roof until that time. About a week before work is to start a schedule including work procedures will be posted. This will have a basic timeline and a review of when access to the roof will be limited or closed entirely. The playground and garden area will remain open during the project. Any closures to these areas that may be necessary.

The garage will remain open for parking until May 31st. It is planned on being reopened when work is completed at the end of the summer. This will be updated as the repair project progresses.

Thank you for your attention to this matter.