To whom it may concern:

Summerhouse on Everett Bay will be a master plan, fully amenitized, gated waterfront community along the intra-coastal waterway in the town of Holly Ridge consisting of 1029 homesites. The amenity package in Summerhouse will be a first class facility including the following: gated front entrance, clubhouse, pool, 2 tennis courts, boat launch facility, boat storage, day docks, parks, lakes, walking trails, playground, open air pavilion, and fire pit. Roadways, lakes, ponds, and utilities will be completed by April 2, 2008. The estimated completion of all other infrastructure is November, 2008.