2002-04-09 LOC Reduction
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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
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-ALBEVOO09.00 14
RECEIVED
APR t 0 2002
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:\albevI020 1_01 Icorrlm-040902-city-letterofcredit.doc
Short Elliott Hendrickson Inc.
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