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JAMES RIDDLE HOFFA PARK LAKE ENTERPRISES, INCORPORATED, Doing Business As CAI~NEVA LODGE, LAKE TAHOE, NEVADA; ET AL Ruden detailed the application and said they were asking for $5,000,000 with the understanding that the additional $2,000,000 which would be only 60% of the applicant's actual cash was additional investment in additional construction, In response to a question asked by Trustee Albert Matheson, Ruden stated that Sinatra and others will have $540,000 pIus Some monies they have loaned in, namely, a quarter million dollars from various companies, Ruden continued that it was their intention to put other Sinatra ventures into this which would supply income and additional capitalization rather than put in tax paid dollars, Ruden also stated that if the Fund put $5,000,000 into this project the property would then be worth from $8,000,000 to $10,000,000, A motion was made by Trustee Frank Fitzsimmons that the loan be rejected on the basis presented and "that the man come in" and give a definite presentation for a future request on the actualities of what is going to be entailed in his request for money, The motion which was seconded by Trustee John Spickerman was carried with dissent. After the vote, Hoffa who was acting as chairman, advised Ruden as follows: "The committee has rejected the presentation presented today and recommends that you present at the next meeting here, more concise program - namely, exactly how Pert Bo ee ee eee much money you are going to spend, how much money you are