2000-10-24 LOC Reduction
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MEMORANDUM
1200 25th Avenue South, P.O. Box 1717, St. Cloud, MN 56302-1717
320.229.4300
800.572.0617
320.229.4301 FAX
TO:
Linda Goeb
City of Albertville
FROM:
Peter J. Carlson, P.E.
City Engineer
DA TE:
October 24,2000
RE:
Letter of Credit Reduction
Cedar Creek South 3rd Addition
Albertville, Minnesota
SEH No. A-ALBEV 9909.00 14
I revievved the work completed to date and recommend the surety for Cedar Creek South 3rd
Addition be reduced to no less than $28,400. This amount represents 5 percent of the
construction cost of this project, plus an additional $10,000 for landscape work. It is the City's
policy to maintain 5 percent in the letter of credit in the second year following completion of the
work.
Please call me if you have any questions.
djg
c: Mike Cauri, City Attorney
Don Jensen, Pilot Land Development
John Wilczek, Meyer-Rohlin
Wayne Stark, SEH
Mike Czech, SEH
w: \albev\9909\corr\oc24aOO-m. doc
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