2002-08-30 LOC Reduction 16-01
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MEMORANDUM
1200 25th Avenue South, P.O. Box 1717, St. Cloud, MN 56302-1717
320.229.4300
800.572.0617
320.229.4301 FAX
TO:
Linda Goeb
City Administrator
Albertville, Minnesota
FROM:
Peter J. Carlson, P .E.
City Engineer
DATE:
August 30, 2002
RE:
Letter of Credit Reduction
Cedar Creek South 7th Addition
Albertville, Minnesota
SEH No. A-ALBEV0203.00 14
I have reviewed the work completed to date for the above referenced project and recommend that
the letter of credit for the municipal improvements be reduced to no less than $17,900. The letter
of credit for driveways, landscaping, and irrigation should remain in-place at $105,000.
c: Mike Couri, City Attorney
Don Jensen, Pilot Land Development
w:\albcv\0203\corr\ccs 7 credit.doc
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