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VAN PERNIS: Mr. Cook, are you still using, twelve years later,the 2008 financial meltdown as <br /> an excuse for not developing? <br /> COOK: I'm sorry but I'm having a hard time understanding you. <br /> VAN PERNIS: I'm sorry. Can you hear me? <br /> COOK: Yes, I think so. <br /> VAN PERNIS: Are you using the financial meltdown of twelve years ago as an excuse for not <br /> developing now? <br /> COOK: Have I personally had financial problems? <br /> VAN PERNIS: No. Are the limited partnerships who are the applicants using the financial <br /> meltdown of twelve years ago as an excuse for the delay? <br /> COOK: I'm sorry, I <br /> CARR SMITH: I'm not following, either. And is this a part, Mr. Van Pernis, is this a part of the <br /> application or is this something else? <br /> VITOUSEK: The question I think he is asking is if the development group is using the 2008 <br /> financial meltdown as an excuse for not developing now? <br /> COOK: It, it's not an excuse, it's a reality. <br /> CARR SMITH: Okay, do we have other questions? <br /> VAN PERNIS: Yes, I have several more. You admit—well, Mr. Fuke perhaps can answer this <br /> question, or you, Mr. Cook you admit that you are in violation of the present ordinances. <br /> FUKE: I don't even necessarily consider that violation. I know that, you know, it's one of those <br /> kind of like a road-in-limbo's type, you know, you have the zoning, but if you apply for a <br /> building permit, then you won't be able to do it. Regrettably, he still has to be paying the real <br /> property taxes based upon the zoning, though, at over like, over 100,000 dollars a year. So, <br /> but <br /> VAN PERNIS: You were supposed to develop by 2015, correct? <br /> FUKE: I'm sorry? <br /> VAN PERNIS: You are supposed to develop by 2015- <br /> 22 <br /> EXHIBIT D <br />