Sent: Monday, March 3, 2014 5:48:49 PM
From: Cecile de Jongh
Subject: IBE CAPEX Requirement
To: JEE <jeeyacation@gmail.com>
The IBE capex requirement is $50,000. I am not sure that this can be
comingled with our EDC capex requirement. I am pretty sure that each
regulatory agency will want us to show $400,000 for STC and $50,000 for
FSG. We may be able to take the TAM space next door and carve out
space for FSG that is definitively separate and apart from STC and have
receipts for that renovation go to FSG. The rest of the renovation can be for
STC. Thoughts.
With warm regards,
Cecile
EFTA_R1_00049863
EFTA01751639