A Letter to 1st Lake Residents
Saturday, 15 October 2005
To All 1st Lake Residents,

First and foremost we would like to extend to you our sincere wishes that you, your family and friends have made it through Katrina safe and sound. The devastation caused by Katrina has touched all of our lives in one way or another.

Many of our properties have sustained substantial damages. It is of the utmost importance to us to see that all of our residents have a safe, sound place to reside. We are working 7 days a week to try and assess damages to each apartment. Many of our employees have lost their homes, some have not been able to return to work and some will not be returning. Unfortunately, this along with the lack of service providers and supplies, has made the job of getting back to normal, challenging.

1st Lake Properties is committed to restoring and rebuilding the numerous properties that have been damaged as a result of this event. Our communities survived the storm with damage ranging from minimal to severe. Our first priority is to restore your apartment homes with as little down time as possible. Soon, you will receive information detailing options regarding remaining in your apartments, depending on the severity of damage.

We have posted a notice at each Rental Office explaining what options are available to you, as our residents. You can also call or visit the Rental Office and we will explain these options in person. We have taken into consideration those of you who will not be able to return, those of you who had substantial damage and those of you who are fortunate enough to not have any damages. We feel that the options are reasonable and fair.

To those of you who sustained substantial damage and can no longer occupy your apartment, we will do our best to place you in another apartment within your current property or place you at another community. Please call or visit the Rental Office for assistance if you need help in relocating.

During the next few weeks, we will be going door to door, handing out additional information on the status of your apartment and/or property. If we are unable to contact you in person it will be posted on your door. We ask that you please read all notices left on your door. This information is meant to inform you of the status of your apartment and/or property. If you have any questions, you can contact the Rental Office. Our staff will be working very hard to see that everything is handled as quickly as humanly possible under these unusual circumstances. We ask for your patience and understanding during this process.

We would also like to inform those of you who might have lost employment that we are currently hiring, and are in need of, management, leasing, A/C maintenance, general maintenance and grounds personnel. Again, please contact the Rental Office for additional information.

1st Lake Properties has been in business for over 35 years. We intend to overcome this hurdle and to do everything in our power to restore our properties and our service to you, back to the manner to which you are accustom.

Working together, we will rebuild for the future.