2002-12-09 LOC Reduction Recommendation
}
· MEMOR~M
1200 25th Avenue South, P.O. Box 1717, 81. Cloud, MN 56302-1717
320.229.4300
8005720617
320.229.4301 FAX
TO:
Linda Goeb
City Administrator
Albertville, Minnesota
FROM:
Peter J. Carlson, P.E.
City Engineer
DATE:
December 9,2002
RE:
Letter of Credit
Cedar Creek South 6th Addition
Albertville, Minnesota
SEH No. A-ALBEVOI05.00 14
All the construction work for Cedar Creek South 6th Addition is complete. Our office has
inspected the improvements and found them to be in compliance with city standards. City's
policy is to maintain 5 percent in the letter of credit in the second year following completion of
the work. Therefore I recommend the letter of credit be reduced to $5,000.
c: Mike Couri, City Attorney
Don Jensen, Pilot Land Development
g. \sccv\pers\carlson\ccs6Ioc. doc
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