2003-10-07 LOC Reduction Request No 5
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Quality Site Design, LiC
Civil Engineering Land Development
Mr. Pete Carlson, P.E.
SE.H.
'-120025 Ave. South
S1. Cloud, MN 56301
//.... -.
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October 7,2003
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Re: Letter of Credit Reduction Request NO.5
Heuring Meadows
Albertville, Mn
Dear Pete,
On behalf of the developer of the above referenced project, we are requesting that the
Letter of Credit held by the City of Albertville be released in its entirety as all items of
the project are complete and developer warranty period is satisfied. The requested Letter
of Credit reduction is as follows:
$ 832,762.00 Original Letter of Credit amount
$ 41,500.00
$ (41,500.00)
$ 0,000.00
Current Letter of Credit amount - per Request NO.4
Reduction Request NO.5
Proposed adjusted Letter of Credit
The proposed reduction would result in a remaining amount of 0% of the original letter of
credit amount. Wear course bituminous was placed 8/22/02.
If you have any questions, please do not hesitate to contact me at 763-550-9056.
Sincerely,
Quality Site Design, LLC
~D_~
Cc: City of Albertville
00109
Scott Dahlke
Professional Engineer
3600 Holly Lane N., Suite 100, Plymouth, MN 55447 · Phone (763) 550-9056 . Fax (763) 550-3913