HomeMy WebLinkAboutCover Letter - Time Extension 041526Subject: Request for 36-Month Extension – CUP Z-8629-D
Monty Moore
Little Rock Planning Department
723 West Markham Street
Little Rock, Arkansas 72201
Dear Mr. Moore,
I hope this finds you well. We are writing to respectfully request a 36-month extension on Conditional Use Permit Z-8629-D. Our progress has been impacted by a few key factors, and we’d
appreciate your consideration.
The city recently approved a similar development directly across the street. We’re waiting for its lease-up to be completed so we can better align market timing.
Interest rate fluctuations have significantly affected financing.
Steel costs, while volatile, have now begun trending downward—we’re seeing roughly a 25% to 35% reduction compared to where costs were 36 months ago, positioning us for a more favorable
construction timeline ahead.
Given these conditions, an extension will ensure we can move forward with the project responsibly and in line with market readiness. Thank you for your time and consideration; we look
forward to continued partnership.
Sincerely,
Michael Hall
SS Rodney Parham, LLC
PO Box 429
Lavon, TX 75166