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ATTACHMENT B <br /> <br /> <br /> <br /> <br /> <br />October 10, 2008 <br /> <br /> <br />Mr. Wally Graff <br />W&G Companies <br />541 Willamette St., Ste. 106 <br />Eugene, OR 97401 <br /> <br />Dear Wally, <br /> <br />In response to our discussion this morning, this letter is to confirm our continued <br />th <br />interest in the 10 and Charnelton project in Eugene and our relocation to the <br />proposed site. It is evident due to the economic situation that it would be difficult <br />for Pacific University to make a commitment until we see some recovery and <br />confidence in the market. As you know, we are a tuition-dependent organization <br />and, while we look forward to our continued growth in education and new <br />healthcare programs in Eugene, it will take some time for us to feel confident that <br />our students and their families are not at risk for their commitments and have the <br />availability to continue their financial planning and access to student loans. <br /> <br />We appreciate our continued work together on this project and ask that Pacific be <br />allowed up to six months to make the final decision. As we discussed, it is a very <br />difficult time to look at financing until we see improvement in the global <br />economics and confidence in the future of our financial security. <br /> <br />Again, we appreciate the work that has been done and ask that you continue <br />working with us as we all work through this very volatile time. <br /> <br />Sincerely, <br /> <br /> <br /> <br />Darlene P. Morgan <br />VP for Finance & Administration <br />