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<br />Golden Strand Board of Directors <br />Letter of Intent <br />Page 5 of5 <br /> <br />other proposal unless incorporated into a formal, written lease sale agreement executed by both <br />Parties. This Letter is intended as a basis for the preparation of the Agreement. <br /> <br />Very truly yours, <br /> <br />Rick Conner <br />Acting City Manager <br /> <br />The foregoing letter of intent is accepted and agreed to this _ day of <br />by the Golden Strand: <br /> <br />,2009 <br /> <br />Golden Strand Ocean Villa Resort Association, Inc. <br /> <br />By: <br />Joseph Feldman <br />Title: President, Board of Directors <br /> <br />cc: Martine Quellett, General Manager, Golden Strand <br />