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2002-04-15 (28) '-' ....." TOWN OF WAPPINGER '/')/f~1J J- /1; /vV April~ SUPERVISOR'S OFFICE 20 MIDDlEBUSH ROAD P.O. BOX 324 WAPP1NGERS FAllS, NY 12590-0324 CONSTANCE O. SMITH SUPERVISOR TELEPHONE: (914) 297.2744 FAX: (914) 297-4558 Mr. Emanuel Saris Nourse & Bowles, LLP 1 Exchange Plaza 55 Broadway New York, New York 10006 Our auditors, Sedore & Company, CPA's, PC, P O. Box 918, Wappingers Falls, NY 12590, are conducting an audit of our financial statements as of December 31,~ and for the year then ended. Please furnish to them the information requested below involving matrerJ as to which you have been engaged and to which you have devoted substantive attention on behalf of the Town of Wappinger in the form oflega! consultation or representation. Pending or Threatened Litigation (excluding unasserted claims and assessments) Please furnish our auditors a description of all material pending or threatened litigation, claims, and assessments (excluding unasserted claims and assessments), including Civil Rights cases. Materiality for purposes of this letter includes items involving amounts exceeding $20,000 individually or in the aggregate. The description of each case should include: a. the nature of the litigation; b. the progress of the case to date; c. how management of the Town of Wappinger is responding or intends to respond to the litigation; e.g. to contest the case vigorously or to seek an out-of-court settlement; and d. an evaluation of the likelihood of an unfavorable outcome and an estimate, if one can be made, of the amount or range of potential loss. /in.