Retired Teachers Education Center

3930 E. Saginaw Way

Fresno, CA 93726

559-229-6351, Fax 559-221-0075

November 27, 2009

Dear Friends:

The Retired Teachers Ed Center Refurbishment Committee has met with and is enlisting the help of General Contractors for updating the Ed Center. We have determined that our first priority is to improve the safety within our facility, followed by modernization and the esthetic quality of the Education Center for ourselves and our clients.

The minimum proposed bids and refurbishments of the Retired Teachers Ed Center are as follows:

1. Parking lot resurfacing & repair $30,000

2. Flooring repairs & replacements $15,000

3. Restrooms & handicapped stall $15,000

4. Air conditioning/heating unit (1 of 8) $10,000

5. Paint, lighting, stage curtains $15,000

6. Landscaping & irrigation $15,000

7. Reserve account for operation/equipment $75,000

Total $175,000

At this time we need to tally our collective pledge and/or gift level. Please fill out the pledge sheet below and return it to our office. Send no pledge money today, but indicate the amount you are planning to invest. If you’d like to jumpstart improvements by a tax deductible donation before the end of the year in any amount, send it anytime payable to the Foundation!

In review, investing in the Ed Center will be as part of a Limited Liability Corporation (LLC), via a loan, secured by a first deed of trust, earning simple interest (4.5%), payable in four years (following Halcyon Apartment’s final mortgage payment to HUD).

Following this pledge tally, we will notify you if/when our plan will be instituted. If you have any additional questions or concerns, please contact us.

Sincerely,

Wallace Taylor Wes Nelson Barbara Mendes

President, Ed Center President, Halcyon Apts. President, CalRTA Fresno

Mail before January 1st to:

I plan to invest $______________ as part of the LLC. Retired Teachers Ed Center

($1000 increments only please) LLC Pledge

3930 E. Saginaw Way

I plan to donate $_____________ as a tax deductible gift. Fresno, CA 93726

Or email to:

Name:

Address: Phone: