English Translation

Mr. Tostmann was also given up to agree with Mayor Dr. Engelmann that the urban building designer - he was appointed as a volunteer to monitor and examine the construction and cost calculations on an ongoing basis. Furthermore, Dr. Engelmann an agreement for the management of the agenda and accounting of the cooperative, whereby an official of the magistrates is voluntarily entrusted and to which also in the absence of an own office a room on the town hall is to be provided. Mr. Tostmann hoped to resume the construction work at the beginning of May and its completion for late autumn (August - early September ). With regard to the funds needed for the completion of the settlement - and the funds still available from the intermediate loan of the Land Office - Mr Hauptfleisch informed that of the interim loan of K 6,000.000.- there are still around K 2,829,000.- in the bank account with the German credit institution, while still on the estimated total cost ( approx. K 6, ll7,000.-) rd K 3,693,000.--- unpaid. Thus, approximately K 864,000.- are not available. The cooperative can procure from itself gus : 1./ from the recovery and from the sale already paid Ziegd for the 2. Section of construction rd K 157.350.-- 2./ to the magistrate too much paid land - piece purchase price K 11.670.- 3./ from sale of the lorries forward- obviously K 135,000.- 4./ from the recovery of the community - useful settlement cooperative reg.Gen. m.b.H., Prague loan K 500.000.-- K 804,000.- - The missing funds would then amount to K 60.o00.- which could be made available to the cooperative from the final loan. 33F