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HOBBY           CENTER              FOR       THE        PE       F 0         MING    ARTS
 February 9, 2004

 To Whom It May Concern:

 I am pleased to recommend Joseph 1. Costello to you as an excellent executive who, in
 my opinion, can effectively fill any position for which you may consider him. We have
 known and worked with Joe in two different capacities over the past seven years. Initially
 he served as Pre-construction Project Manager for Century Development on the $95
 million Hobby Center for the Performing Arts.      Several months ago he returned to the
 project representing Swinerton Builders during the final closeout/warranty period. In
 both endeavors, he was very professional and a pleasure to work with.

 This project has been extremely complicated with difficult political concerns, challenging
 personalities and a very complicated set of architectural and engineering issues. Had Joe
 been involved during the actual construction phase, we know that we would have been
 able to avoid many construction and closeout related issues. He is intelligent, honest and
 forthright, with an excellent understanding of financial issues and the bottom line. He
 also has an ability to logically sort through convoluted and confusing design and
 construction details. His analyses were almost always more accurate than those of our
 cost consultants.

 Perhaps Joe's most valued trait among the Foundation staff is his open and honest
 communication and willingness to involve them in the decision making process. The
 Foundation's Board of Directors also recognizes his contributions to the project. Marc
 Shapiro, former Vice Chair of JPMorganChase International and Chair of the Foundation
 Board, and Gerald Bennett, President and CEO of Total Safety and Chair of the
 Foundation's Building Committee, both learned to appreciate the qualities and talents that
 he brought to bear on very difficult tasks in very difficult situations.

 When Joe returned as the project completion executive, the closeout function had been
 ignored for a year. In very short order, with very little assistance from others, he managed
 to get the cooperation of subcontractors, suppliers and consultants to complete the Hobby
 Center project by addressing and resolving their issues.

 In summary, Joe is an excellent executive, a good person, and respected among his peers.

 Please feel free to call me if you have any questions about his abilities.




 Bud Franks
 President and CEO

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Hobby Center Reference Letter

  • 1. HOBBY CENTER FOR THE PE F 0 MING ARTS February 9, 2004 To Whom It May Concern: I am pleased to recommend Joseph 1. Costello to you as an excellent executive who, in my opinion, can effectively fill any position for which you may consider him. We have known and worked with Joe in two different capacities over the past seven years. Initially he served as Pre-construction Project Manager for Century Development on the $95 million Hobby Center for the Performing Arts. Several months ago he returned to the project representing Swinerton Builders during the final closeout/warranty period. In both endeavors, he was very professional and a pleasure to work with. This project has been extremely complicated with difficult political concerns, challenging personalities and a very complicated set of architectural and engineering issues. Had Joe been involved during the actual construction phase, we know that we would have been able to avoid many construction and closeout related issues. He is intelligent, honest and forthright, with an excellent understanding of financial issues and the bottom line. He also has an ability to logically sort through convoluted and confusing design and construction details. His analyses were almost always more accurate than those of our cost consultants. Perhaps Joe's most valued trait among the Foundation staff is his open and honest communication and willingness to involve them in the decision making process. The Foundation's Board of Directors also recognizes his contributions to the project. Marc Shapiro, former Vice Chair of JPMorganChase International and Chair of the Foundation Board, and Gerald Bennett, President and CEO of Total Safety and Chair of the Foundation's Building Committee, both learned to appreciate the qualities and talents that he brought to bear on very difficult tasks in very difficult situations. When Joe returned as the project completion executive, the closeout function had been ignored for a year. In very short order, with very little assistance from others, he managed to get the cooperation of subcontractors, suppliers and consultants to complete the Hobby Center project by addressing and resolving their issues. In summary, Joe is an excellent executive, a good person, and respected among his peers. Please feel free to call me if you have any questions about his abilities. Bud Franks President and CEO