2006-01-31 LOC Request
~..
<oil< ;
3030 Centre Pointe Drive
Suite 800
Roseville, Minnesota 55113
January 27, 2006
telephone 6 5 1 . 5 5 6 . 4 5 5 0
facsimile 6 5 1 . 5 5 6 . 4 5 5 1
Mr. Adam Nafstad, P.E.
Bolton & Menk, Inc
12224 Nicollet Ave.
Burnsville, MN 55337-1649
Re: Request for Release of Letter of Credit,
Grading Permit - Towne Lakes 6th
Dear Mr. Nafstad,
On August 15, 2005 a grading contract was issued for the site grading
on Towne Lakes 6th Addition. The site grading and restoration under
this permit has been completed in general accordance with the plans
and permit, except for submittal of as-build grading plans which will be
forth coming shortly. The public utilities have also been completed and
80% of the streets have been paved with the first lift of pavement.
Therefore, please accept this letter as a formal request to release the
$16,000 (Letter of Credit # 6512-111) grading security for this project.
The city still holds security in the amount of $329,649.00 to guarantee
completion of the remaining public and private improvements. Please
submit our request to the City Council for consideration at the February
7, 2006 meeting. If you have any questions please feel free to contact
me.
Sincerely
~~.-/
David Hempel
Project Manager
Cc Mr. Larry Kruse, City Administrator
Ene!. Grading Permit