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2005-07-14 LOC Scheduled Repair Per Engineering RequestWOODSIDE COMMUNITIES O F M! N N E S O T A I N C v July 14, 2005 SEH, Inc Attn: Robert Moberg 3535 Vadnais Center Dr. St. Paul, MN 55110 Re: Cedar Creek South 5th Addition Dear Mr. Moberg: We have received your letter dated July 1, 2005 for Cedar Creek South 5th Addition. The letter stated that there was some needed repair to the project. We have scheduled the curb repair to be done on August 1lth, 2005. Since we contracted to complete the curb repair there will be no need to draw on the letter of credit. In our phone conversation on July 13th, we talked about Woodside paying into an escrow account for the seal coating to be contracted by the City next year. The City would have the right to draw on this escrow money for the costs associated with seal coating Cedar Creek 5th Addition. We are prepared to escrow $ 5,445 for the seal coating; this estimate is based on 5,445 square yards of road and $1.00 per square yard for seal coating. When this escrow amount is received, we ask for our outstanding letter of credit #06-02 in the amount of $14,825 to be released. If this solution is agreeable please let us know and we will issue an escrow check right away. We are committed to work with the City on completing this project and other projects in the City. If you have any questions please feel free to contact me. Best regar David Pattberg Woodside Communities of Minnesota 763-772-1017 cc: Larry Kruse, City of Albertville 5301 East River Road, Suite 110 - Mpls, MN 55421 ie 763 757.4052 fiax: 763 757 4094