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2004-10-15 LOC Recommendation ~ SEH MEMORANDUM TO: Larry Kruse Albertville City Administrator FROM: Bob Moberg, PE Project Manager DATE: October 15, 2004 RE: Albertville, Minnesota Towne Lakes Second Addition Letter of Credit Reduction SEH No. A-ALBEV0306.00 I have reviewed the request to reduce the letter of credit and have reviewed the work completed to date. I recommend that the letter of credit be reduced to no less than $138,781. Please call me at 651.490.2147 if you have any questions. nm c: Mike Couri, City Attorney Dave Hempel, CPDC X:\AE\AlbevIColIUIlOu\030600lkruse IOI504.doc Short Elliott Hendrickson Inc., 3535 Vadnais Center Drive, SI. Paul, MN 55110-5196 SEH is an equal opportunity employer I www.sehinc.com I 651.490.2000 I 800.325.2055 I 651.490.2150 fax