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2002-08-30 LOC Reduction Recommendation "'SeJ- . 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 Administrator Albertville, Minnesota FROM: Peter J. Carlson, P.E. City Engineer DATE: August 30, 2002 RE: Letter of Credit Reduction Cedar Creek North 3rd Addition Albertville, Minnesota SEH No. A-ALBEV0102.00 14 I have reviewed the work completed to date for the above referenced project and recommend that the letter of credit be reduced to no less than $31,965. c: Mike Couri, City Attorney Don Jensen, Pilot Land Development w:\albcv\O 1 02\corr'ccn3credit.doc Short Elliott Hendrickson Inc. Your Trusted Resource Equal Opportunity Employer