Circle C Neighbors

O'Reilly/Stratus Land Deal

Feb 27, 2004

The questions below were originally sent to our CCHOA president 12/04/03. There has been NO resposnse to date.

Thanks,
Sal Costello

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jmorye@hotmail.com
Mr. James O'Reilly (CCHOA President),

The December newsletter states that you disclosed the October 2003 land/money transaction with Stratus. I asked the info center for documentation of that disclosure, promised in the newsletter, and was sent the minutes of the November meeting (in February). The minutes?  were supposed to included your discloser, but the minutes of the meeting do not include any financial answers.

I asked for full discloser from you and the other two board members almost a year ago, and all our CC board refused to give it. I still have the letter from Grey and Becker that states your refusal. I'm sending this email directly to you, to get answers.

The timing, and the fact that you personally benefited from this transaction, gives many residents concern. Our BOD are not to financially benefit from their positions.

1. How much did you pay for the acre of land on Mopac?
2. When did you purchase it, and from who?
3. How much did Stratus pay you for this land in October 2003?
4. Will you provide the members with all documentation to support your answers?

I hope you will take a moment to answer the four questions above, for myself and all concerned residents of Circle C.

CCHOA member,
Paid in Full,
Sal Costello
10300 Dalea Vista Ct