1997-02-03 LOC Reduction Recommendation
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MEMORANDUM
o ST. PAUL, MN
o MINNEAPOLIS, MN
. ST. CLOUD, MN 0 CHIPPEWA FALLS, WI 0 MADISON, WI
o LAKE COUNTY, IN
FROM:
Garrison Hale
City Administrator
Albertville, MN
Peter J. Carlson, p.E.BlG-
City Engineer iJ \
TO:
DATE:
February 3, 1997
RE:
Letter of Credit Reduction
Parkside 3rd Addition
SEHNo. A-ALBEV 9701.00
I have reviewed Pilot Land Development's request for a reduction in their letter of credit and have
compared it to the amount of work remaining. I am in agreement with their statement that the
balance of work is approximately $236,801, and recommend their letter of credit be reduced to this
amount.
djg
c: Linda Houghton, City Clerk
Mike Couri, City Attorney
J :\ALBEV\CORR \FB-03A. 97
All Affirmative Action,
Equal Opportunity Employer