1999-06-16 LOC Reduction
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605 Franklin Avenue NE, P.O. Box 51, St. Cloud, MN 56302.0051
320.253.1000
TO:
Linda Goeb
City Administrator
Albertville, Minnesota
FROM:
Peter 1. Carlson, P.E.
City Engineer
DATE:
June 16, 1999
RE:
Letter of Credit Reduction
Karston Kove
Albertville, Minnesota
A-ALBEV 9810.00 14.00
MEMORANDUM
800.3466138
320.2531002 FAX
I reviewed the work completed to date and recommend the surety for Karston Kove be reduced to no less than
$70,000. The surety has been provided in a combination of a letter of credit and bond>. Mike Couri, the City
Attorney, should recommend how the reduction is applied to the letter of credit and bonds.
djg
c: Mike Couri, City Attorney
Mike Czech, SEH.RCM
W :\albev\981 O\corr1jn 16a-99. wpd
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