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Item P06 Your Community Bank October 14,2008 Pedro Mercado Assistant County Attorney Monroe County The Florida Keys Re: Salute Restaurant, 1000 Atlantic Blvd., Key West, FI33040 Dear Mr. Mercado: This letter is to assure you that the delinquent rents due Monroe County for the leasehold interest of the property located at 1000 Atlantic Blvd., Key West, FL 33040 will be satisfied October 16, 2008 through the sale transaction of that leasehold interest. As you know, Key West Hospitality, LLC is selling its interest to 1000 Atlantic Blvd., LLC, Richard Hatch, Managing Member and Susanne Kitchar, Managing Member. At this settlement, TIB Bank will insure that the delinquent rents for the months of August, September and October 2008 are paid in full. It has been a pleasure to be of service to you in this matter. If you have any questions or comments, please call me at (305) 809-3308. ~~elY, ~ / ~~~ONZALEZ A VP/Commercial Loan Officer POST OFFICE BOX 6330 . KEY WEST, FL 33040-6330 PHONE, 305/294-6330 . FAX, 305/294-3947 fCo