2009-01-07 Escrow Release Request
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Consulting Engineers Be Surveyors
7533 Sunwood Drive NW . Ramsey, MN 55303
Phone (763) 433-2851 . Fax (763) 427-0833
www.bolton-menk.com
January 7, 2009
Mr. Larry Kruse, City Administrator
City of Albertville
5959 Main Avenue NE, P. O. Box 9
Albertville, MN 55301
RE: Escrow Release
T -Square Business Park
Albertville, Minnesota
Honorable Mayor and City Council:
Mr. Robert Heuring, Co-Developer of the T-Square Business Park plat has requested a complete release
of the escrow held by the City as surety for the T-Square plat, currently in the amount of $5,000. This
escrow served as security to ensure the obligations of the development contract were fulfilled.
To date, we are unaware of any outstanding contract obligations or defaults on the terms of the agreement
by Mr. Heuring. Assuming Mr. Heuring is current with all fees owed to the City and to be consistent with
the development agreement, it is recommended that the escrow be released in full.
For your information, the platting ofthe T-Square subdivision required two (2) development contracts,
one with Mr. Heuring and one with T-Square Properties, LLC. The letter of credit posted by T-Square
Properties, LLC was released in August of2008.
Please let me know if you have any questions or would like additional information.
Sincerely,
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Adam Nafstad, P. E.
Albertville Engineer
Cc: Mr. Robert Heuring
Tina Lannes
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