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uwrtco STAl“ Ic Development Authority WWW.USVIEDA.ORG 1800 432.8784 November 21, 2012 Erika Kellerhals, Esq. 9100 Havensight Port of Sale Suite 15-16 St. Thomas VI 00802 Re: Southern Trust Company, Inc. Dear Attorney Kellerhals, The Economic Development Commission ("EDC") following its Public Hearing on November 15, 2012 is requesting supplemental information in order to assist in the processing of the submitted application for EDC Board consideration. Kindly provide clarification and/or answers to the following items as it relates to the application submitted for Southern Trust Company, Inc.: 1. Provide notes to the Applicant's 5 year projection particularly for the explanation of its income generation. 2. Did Southern Trust Company, Inc. request a residential waiver? If yes, please explain In order to complete this application and present it to the EDC Governing Board for a decision, a timely response to this request for information by November 27, 2012 is appreciated. Your usual cooperation in addressing these concerns is anticipated. Should yo estions please feel free to contact me, or Esther Joseph, Application Analyst at ext. 225. Sincerely, Margarita Greenidge-Benj Director of Application cc: Jennifer Nugent-Hill, ACEO/COO, VI EDA Esther M. Joseph, Application Analyst, VIEDA Economic Development Commission Enterprise Zone Commission Government Development Bank Industrial Park Development Cot porati on Small Business Development Agency ST CROIX II6 Xing Street frederiksted. VI 00840 (340) 773-6499 TAX (340) 773-7701 St THOMAS5055 Norse Ga de, St Thomas. VI 00802 (340) 714-1700 FAX (340)715-2753 EFTA00618053