1999-07-29 LOC Reduction
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MEMORANDUM
605 Franklin Avenue NE, P.O. Box 51, Sl. Cloud, MN 56302-0051
320.253.1000
800.346.6138
320.253.1002 FAX
TO:
Linda Goeb
City Administrator
Albertville, Minnesota
FROM:
Peter 1. Carlson, P .E.
City Engineer
DATE:
July 29, 1999
RE:
Letter of Credit Reduction
Cedar Creek North First and Second Addition
Albertville, Minnesota
SEH No. A-ALBEV 9813.00 14.00
I reviewed the work completed to date and recommend the surety for Cedar Creek North First and Second
Addition be reduced to $85,000. At this time, our office has not had an oprnrtunity to inspect the project for
any warranty issues, therefore, the surety should not be reduced from 10 to 5 percent as requested by Pilot
Land Development.
djg
c: Mike Couri, City Attorney
Don Jensen, Pilot Land Development
Mike Czech, SEH.RCM
w. \albev\9813\corr~ 129a.99.m. wpd
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