2003-11-03 LOC Reduction Request No. 1
e e
Quality Site Design, LLC
- -
Civil Engineering Land Development
Mr. Pete Carlson, P.E.
S.E.H.
PO Box 1717
120025 Ave. South
St. Cloud, MN 56301
November 3, 2003
Re: Letter of Credit Reduction Request No. 1
Kollville Estates Third Addition
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 reduced, as appropriate, allowing for
the completed items to date. The requested Letter of Credit reduction is as follows:
$ 934,400.00 Original Letter of Credit amount
$ 934,400.00
$(841.000.00)
$ 93,400.00
Current Letter of Credit amount
Reduction Request No. 1
Proposed adjusted Letter of Credit
The proposed reduction would result in a remaining amount of 10% of the original letter
of credit amount. If you have any questions, please do not hesitate to contact me at 763-
550-9056.
Sincerely,
Quality Site Design, LLC
S~~lN\.k
Cc: City of Albertville
KollviIIe, LLC
00128
Scott Dahlke
Professional Engineer
3600 Holly Lane N., Suite 100, Plymouth, MN 55447 · Phone (763) 550-9056 . Fax (763) 550-3913