2007-2-16 Letter of Credits- Dean R. Johnson Construction Inc �1b�rtvi��� 5975 Main Avenue N.E. • P.O. Box 9 • Albertvilie, MN 55301• (763)497-3384 • Fax: (763)497-3210
Smell Town lMny.!ig City Ufs.
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February 16, 2007 �a �-�/
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Dean R. Johnson Construction, Inc. � ;
Attn: Julie Revak ��
4700 County Road 19
Medina, MN 55357
RE: Letter of Credits '
Dear Ms. Ravek:
This letter is to inform you that at the February 5, 2007 City Council meeting,the
City council unanimously moved to deny the request to reduce the Letters of
Credit held by the City for municipal improvements, site improvements, and
landscaping improvements to the Prairie Run Addition.
The motion was based on the current defaults of the Developer, as have been ',
communicated to the Developer in a previous notice of default. ��
Sincerely, I
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Bridget Miller
Albertville City Clerk
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January 19,2007 _
City of AlbertviUe
5975 Main Ave
Albertviile, MN 5b301
Re: Lefber of Credit
Prairie Run,Goki Key
DevetopmeM,Inc.
To Whom It May Concem:
� 1 am writing to�quest a reducti�on in our letter of Credit at Arairie Run,Gold Key bevelopment,Inc. �
LetEer of credit#2601-001 Amount$680,337.00-Municipal Improvements
�OC#2601-002 Amount$53,000.00 Site Improvements
LOC#2601-003 Amount$58,200.00-Landscaping Plan
Our records indicate these projects at 90%complefe.
Sincerely,
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Julie Revak . .
Dean R.J�nson Homes
4700 COUNTY ROAD 19 • MEDIIVA, MN 55357 • 763-479-4820 • FAX 763-479-4821