2004-11-29 LOC Reduction
~
SEH
MEMORANDUM
TO:
Larry Kruse
Albertville City Administrator
~Robert Moberg, PE
Project Manager
FROM:
DATE:
November 29,2004
RE:
Albertville, MN
Towne Lakes 5th Addition
Letter of Credit Reduction
SEHNo. A-ALBEV0417.00
r have reviewed the developer's request to reduce the Letter of Credit and r have also reviewed the work
completed to date. r recommend that the Letter of Credit be reduced from $1,205,850 to no less than
$838,075.
Please call me at 651.490.2147 if you have questions.
nm
c: Mike Couri, City Attorney
Dave Hempel, CPDC
x:\aelalbevI041700lwordlkruseI12904.doc
Short Elliott Hendrickson Inc., 3535 Vadnais Center Drive, 51. Paul, MN 55110-5196
5EH is an equal opportunity employer I www.sehinc.com I 651.490,2000 I 800,325,2055 I 651.490.2150 fax