2000-09-28 LOC Reduction
..
Quality Site Design, LiC
Civil Engineering Land Development
September 28, 2000
City of Albertville
Attn: Linda Goeb
5975 Main Avenue NE
PO Box 9
Albertville, Mn 55301-0009
Re: Letter Of Credit Reduction
Kollville Estates, Albertville, Mn
Dear Linda,
On behalf of Leuer-Munsterteiger Properties, please accept this letter as a request to
reduce the letter of credit (LaC) held as surety by the City for this project. Two separate
letters of credit are currently in place for the project, $30,000 for the Grading Contract,
and $543,800 for the Developers Agreement.
Weare requesting that the LaC for the Grading Contract be released in full since all site
grading is complete on Phase I of the project. We are also requesting that the LaC for
the Developers Agreement be reduced as appropriate to reflect the construction items yet
to be completed. Please find attached a copy of payment recommendations and lien
waivers for the construction completed to date.
Construction items to be completed include: bituminous wear course placement,
sidewalk, barricades, seed and mulch erosion cont~ol. The barricades and erosion control
will be installed yet this year. The wear course, and sidewalk will be installed in the
spring of 200 1. We estimate a cost of $28,500 for the wear course, sidewalk, barricades,
and erosion control. We feel a LOC amount of $40,000 would provide adequate surety
for the project.
If you have any questions, please do not hesitate to contact me at 763-550-9056.
Sincerely,
Quality Site Design, LLC
~D_~
Scott Dahlke
Professional Engineer
Cc: Pete Carlson - S.E.H.
99213
3600 Holly Lane N., Suite 100, Plymouth, MN 55447 · Phone (763) 550-9056 · Fax (763) 550-3913
-MEMORANDUM
1200 25th Avenue South, P.O. Box 1717, S1. Cloud, MN 56302-1717
320.229.4300 800.572.0617
320.229.4301 FAX
FROM:
Ms. Linda Goeb
City Administrator
City of Albertville
Peter J. Carlson, P.E. ~
City Engineer
TO:
DATE:
October 11,2000
RE:
Letter of Credit Reduction
Kollville Estates
Albertville, Minnesota
SEH No. A-ALBEV0003.00 14
I have reviewed the work completed to date and recommend the letter of credit for this project be
reduced to $55,000. This amount represents 10% of the estimated project cost. It is the City's
policy to maintain the letter of credit at 10% of construction cost for the first year following
completion of construction.
Please call me if you have any questions.
cb
c: Mike Couri, City Attorney
Scott Dahlke, Quality Site Design, LLC
w:\albevlOOO3\corr\ocllaOO-m.doc
Short Elliott Hendrickson Inc.
.
Offices located throughout the Upper Midwest
We help you plan, design, and achieve
.
Equal Opportunity Employer
<!uality Site Des~n, LLC
Civil Engineering Land Development
September 28, 2000
City of Albertville
Attn: Linda Goeb
5975 Main Avenue NE
PO Box 9
Albertville, Mn 55301-0009
Re: Letter Of Credit Reduction
Kollville Estates, Albertville, Mn
Dear Linda,
On behalf of Leuer-Munsterteiger Properties, please accept this letter as a request to
reduce the letter of credit (LaC) held as surety by the City for this project. Two separate
letters of credit are currently in place for the project, $30,000 for the Grading Contract,
and $543,800 for the Developers Agreement.
Weare requesting that the LOC for the Grading Contract be released in full since all site
grading is complete on Phase I of the project. We are also requesting that the LOC for
the Developers Agreement be reduced as appropriate to reflect the construction items yet
to be completed. Please find attached a copy of payment recommendations and lien
waivers for the construction completed to date.
Construction items to be completed include: bituminous wear course placement,
sidewalk, barricades, seed and mulch erosion control. The barricades and erosion control
will be installed yet this year. The wear course, and sidewalk will be installed in the
spring of200l. We estimate a cost of $28,500 for the wear course, sidewalk, barricades,
and erosion control. We feel a LaC amount of $40,000 would provide adequate surety
for the project.
If you have any questions, please do not hesitate to contact me at 763-550-9056.
Sincerely,
Quality Site Design, LLC
~D.~
Scott Dahlke
Professional Engineer
Cc: Pete Carlson - S .E.H.
99213
3600 Holly Lane N., Suite 100, Plymouth, MN 55447 · Phone (763) 550-9056 · Fax (763) 550-3913