2001-07-03 LOC Reduction
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MEMORANDUM
1200 25th Avenue South, POBox 1717, St Cloud, MN 56302 1717
320 2294300 800 572 0617
3202294301 FAX
TO
Lmda Goeb
CIty Adnumstrator
AlbertvIlle, Mmnesota
FROM
Peter J Carlson, P E
CIty Engmeer
DATE
July 3, 2001
RE
Letter of CredIt ReductIon
Albert VIllas FIrst AddItIOn
AlbertvIlle, Mmnesota
SEH No A-ALBEV000200 14
The constructIOn work for Albert VIllas FIrst AddItIon IS complete wIth the exceptIon of the fmal
bItununous wear course Our offIce has mspected the Improvements and found them to be m
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 ongmal constructIOn amount In accordance
wIth thIS polIcy I recommend that the letter of credIt be reduced to no less than $82,000
Please call me If you have any questIOns
c MIke Coun, CIty Attorney
Cmdy Sherman, CIty Planner
Gary Rudy, Edma Development Corp
Scott Hedlund, SEH
MIke Czech, SEH
g \sccv\pers\carlson\vtllas doc
Short Elliott Hendnckson Inc
Your Trusted Resource
Equal OpportUnity Employer
(19/14/00 09 16 FAX:l20 253
ArSeH
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SEH ReM ST CLOUD
",BERTI I r..LE
~001
MEMORANDUM
1200 25th Avenue South, P (I Bo~ 1717, St Cloud MN 56302 1717
320 229 4300
8005720517
3202294301 FAX
TO
Lmda Goeb
AlbertV111e CIty' Adtlll11lstrator
FROM
Peter J Carlson, P E
Clfy EngIneer
Di\TE
September 14, 2000
RE
Albert VIlllb, Phase 1
ApplzeatlOn for Payment No 1
Albertville, MInnesota
SEH No A-ALJ3EV 000200 14
I have revIewed Appl1catlon for Payment No 2 and recommend the amount of $225 397 50 be
released from the escrow account
dJg
L MLke Coun, CIty Attorney
Chuck Plowe Plowe Enguleenng
Kuechle Underground
Wayne Stark, SEH
MIke Czech, SEH
W p,1b&y,0002\ccn\tc 1 bOO \.1 ~t
Short Elllo~ HandncksOl1 ,no
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