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l <br /> a y <br /> THE ]BROWN COMPANIES, INC. <br /> 461 park Avenue South <br /> New York N.Y., 10016 <br /> 7/1/96 <br /> Mr.. Peter Dinizio <br /> Chairman,Board of Select m= 1996 <br /> Town of Mashp ee : <br /> 681 Falmouth Road - <br /> Mashpce„MA 02649 <br /> Dear Sirs: <br /> I am writing*advance of your meeting concerning certain renwks <br /> ascribed to the town planner, Tom Fud.ala. <br /> While Mr. Fudala's quote sounded derogatory I do believe in fact it <br /> was well intentioned, and taken out of context. We have been in the real estate business for forty <br /> years, and until this Southport bid we have never had controversy, ever been accused of any <br /> impropriety, ever had a property foreclosed on, ever lost money for any investor. <br /> What Mr. Fudala meant was that he wanted to sec something happen at Southport <br /> and if we were the people to do it he for one would welcome it regardless of all the name calling. <br /> I.befeve that all this controversy was incited by the defaulted borrowcrs at New Sea <br /> bury and at Southport as a diversion tactic and a desperate attempt to kee their properties- <br /> These <br /> ernes_ <br /> p � p p P P P <br /> These borrowers helped take down two banks, and had already cost the taxpayers tens of <br /> millions of dollars prier to the time we were invited to bid on the properties. No one has accused <br /> us of costing any loss of money to anyone, nor of any wrong in connection with New Seabury. <br /> We are accused of signing an affidavit in connection with the close of Southport that contained <br /> a False statement(that no one in my office other than the had spoken to Ron Bonnie). we wUl <br /> take the legal consequence of that,but this in no way changes the fact at New Seabury Chris <br />