2006-12-28 LOC Eng Recommend ReductionBOL—TON 8L M r== N K , i NC_
Consulting Engineers & Surveyors
NAU Building • 7333 Sunwood Drive • Ramsey, MN 55303
Phone (763) 433-2851 • FAX (763) 427-0833
December 28, 2006
Mr. Larry Kruse, City Administrator
City of Albertville
5975 Main Avenue NE, P. O. Box 9
Albertville, MN 55301
RE: Albertville Plaza 2"d Addition
Letter of Credit Reduction No. 1
BMI Project No. T15.21660
Dear Mr. Kruse:
Based on work completed, Reg Plowman of Albertville Plaza LLC, has requested a reduction to Letter of
Credit No. 3172. To date, the installation/construction of the municipal improvements and the majority
of the site improvements and landscaping have been completed.
Upon review of the work completed and accounting for work outstanding (primarily landscaping), it is
recommended that Letter of Credit No. 3172 be reduced from $189,850.00 to no less than $14,450. We
believe the reduced balance ($14,450) will adequately ensure the completion of all improvements
required.
Please let me know if you have any questions or would like additional information.
Sincerely,
BOLSTON & MENK, INC.
Adam Na tad, P. E.
Albertville Assistant City Engineer
Cc: Tina Lannes - Albertville Finance Director
MANWO, MN • FAIRMONT, MN • SLEEPY EYE, MN • BURNSVILLE, MN •WILLMAR, RAMSEY, MN • CHASKA, MN • AMES, IA
www.bolton-menk.com
An Equal Opportunity Employer