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EXH to rT MA
1351 Estella Way
Southlake, Texas 76092 �June 1, 1992 JUN 1
OFFICE OF
CITY SECRETA,Rly
Ms. Sandy LeGrand
City Secretary
City of Southlake
667 North Carroll Avenue
Southlake, Texas 76092
Dear Ms. LeGrand:
In case some question arises in conjunction with my service on
the Planning and Zoning Commission, let me document now that my
wife and I invested five years ago in "Arvida /JMB Partners, L.P.
('87) ."
I checked last week with the general partner and was assured that
this limited partnership has no investment in SouthRidge Lakes,
the local Arvida development, which is funded by a different
limited partnership: "Arvida /JMB Partners L.P. -II." Moreover,
our investment is small -- $10,000 of a $404,000,000 offering --
and, as limited partners, we have no influence on the management
of our investment.
If there is any formal paperwork required for this disclosure,
please let me know. For my part, I am confident there is no
possible conflict of interest, and I will proceed with my
Planning and Zoning responsibilities with my usual objectivity
and enthusiasm.
Sincerely,
,/
Ernest P. Johnson
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