2002-04-09 LOC Reduction Recommendation
""Set
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
RECEIVED
APR f 0 2002
FROM:
Peter 1. Carlson, P .E.
City Engineer
DATE:
April 9, 2002
RE:
Letter of Credit Reduction
Towne Lakes Addition
Albertville, Minnesota
SEH No. A-ALBEV0009.00 14
As part of the grading agreement, Contractor Property Developers Company has provided the
City of Albertville a $66,000 letter of credit for the site grading. I have inspected the site and
recommend that the letter of credit be reduced to no less than $20,000.
Please call me if you have any questions.
mdh
c: Mike Couri, City Attorney
Cindy Sherman, City Planner
Dave Hempel, CPDC
w:lalbevl020 I _0 Ilcorrlm-040902-city-Ietterofcredit.doc
Short Elliott Hendrickson Inc.
Your Trusted Resource
Equal Opportunity Employer