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a. Schlee paid the first half of 1984 specials on <br />ten o1 the lots in the amount of $1,634.30 per lot, equalling <br />$16,343 (the bank's figure is $16,925.83). <br />b. Using the bank's figure (which apparently the <br />City did if you refer to No. 4 in the index) this leaves <br />a balance of $146,407.45. <br />9. On Jaruary 10, 1986 the City drew on the letter of <br />credit in the amount of $114,630.77 (properly documented). <br />10. On January 16, 1986 the City requested payment of <br />the full $146,407.45 (?) (improperly documented). <br />11. The bank paid the City $114,630.77. <br />12. Special assessment searches from the City indicate <br />that the total original amount of assessments on each lot was <br />$9,929.91 (note this is different than the $9,967.41 figure <br />resulting from the City's purported total amount of $239,217.84 <br />shown at No. 8 above) <br />13. Of the $9,929.91 shown on the City's searches: <br />a. $2,371 37 has been certified to 1987 taxes (this <br />includes interest). <br />b. $1,985.98 is the balance remaining (principal). <br />C. 55,572.;6 should have been the .otal spread over <br />the years 1984, 1985 and 1986 (principal). <br />d. These figures do not take into account the first <br />half payment in 1984 on ten lots; they all show up the <br />same. <br />3 <br />