1997-10-24 LOC LOC Reduction
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MEMORANDUM
o ST. PAUL, MN
o MINNEAPOLIS, MN
. ST. CLOUD, MN 0 CHIPPEWA FALLS, WI 0 MADISON, WI
o LAKE COUNTY, IN
TO:
Linda Houghton
City Clerk
Albertville, Minnesota
FROM:
Peter J. Carlson, P.E.
City Engineer
DATE:
October 28, 1997
RE:
Letter of Credit Reduction
Parkside 3rd Addition
Albertville, Minnesota
SEH No. A-ALBEV 9801.00 (D23)
I have reviewed the remaining work to be completed for this project. I recommend the City maintain
no less than $70,000 in obligation through a combination of the letter of credit and bond. The City
Attorney should recommend how the split should occur.
c: Mike Cauri, City Attorney
djg
J :IALBEV\CORR\OC"29B. 97
An Affinllotive Action,
Equal Opportunity Employer