2001-07-03 Payment #1
10/13/00 "'~~;rO!l
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MEMORANDUM
1200 25th Avenue South, P.O. Box 1717, 51. Cloud, MN 56302.1717
320.229.4300 800.572.0617
320229.4301 FAX
TO:
Linda Goeb
City Administrator
Albertville, Minnesota
FROM:
PeterJ. Carlson, P.E. iUt-
City Engineer
DATE:
October 13, 2000
RE:
2000 Albert Villas 2nd Addition
Application For Payment No. I
Albertville, Minnesota
SEHNo. A-ALBEVOO12.00 14
I have reviewed Application For Payment No.1 and recommend the escrow account be reduced
to no less than $415,000.00
cb
c: Mike Couri, City Attorney
Chuck Plowe, Plowe Engineeriug
Kuechle Underground Inc.
Wayne Stark, SEH
I'vuke Czech, SEH
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Snort Elliotl Hendrickson Inc.
Offices iocaled lhroug houl the Upper Midwest
We help you plan, design. and achieve
Equa! Opportuntty Employer
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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 Administrator
Albertville, Minnesota
FROM:
Peter J. Carlson, P.E.
City Engineer
DATE:
July 3,2001
RE:
Letter of Credit Reduction
Albert Villas Second Addition
Albertville, Minnesota
SEH No. A-ALBEVOOI2.00 14
The construction work for Albert Villas Second Addition is complete with the exception of the
final bituminous wear course. Our office has inspected the improvements and found them to be
in compliance with city standards. Once the work has been completed it has been city policy to
reduce the letter of credit to no less than 10% of the original construction amount. In accordance
with this policy I recommend that the letter of credit be reduced to no less than $110,000.
Please call me if you have any questions.
c: Mike Couri, City Attorney
Cindy Sherman, City Planner
Gary Rudy, Edina Development Corp.
Scott Hedlund, SEH
Mike Czech, SEH
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Short Elliott Hendrickson Inc.
Your Trusted Resource
Equal Opportunity Employer