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41. <br /> • Bonestroo,Rosene,Anderlik and Associates,Inc.is an Affirmative Action/Equal Opportunity Employer <br /> Bonestroo and Employee Owned <br /> Principals:Otto G.Bonestroo,P.E.• Marvin L.Sorvala,P.E.•Glenn R.Cook,P.E.•Robert G.Schunicht,P.E.• <br /> 1.1Rosene Jerry A.Bourdon,P.E. <br /> Anderlik & Senior Consultants:Robert W.Rosene,P.E.•Joseph C.Anderlik,P.E.•Richard E.Turner,P.E.•Susan M.Eberlin,C.P.A. <br /> Associate Principals:Keith A.Gordon,P.E.•Robert R.Pfefferle,P.E.•Richard W.Foster,P.E.•David O.Loskota,P.E.• <br /> Associates Mark A.Hanson,P.E.•Michael 1'.Rautmann,P.E.•Ted K.Field,P.E.•Kenneth P.Anderson,P.E.•Mark R.Rolfs,P.E.• <br /> David A.Bonestroo,M.B.A.• Sidney P.Williamson,P.E.,L.S.•Agnes M.Ring,M.B.A.•Allan Rick Schmidt,P.E.• <br /> Engineers&Architects Thomas W.Peterson,P.E.• James R.Maland,P.E.• Miles B.Jensen,P.E.• L.Phillip Gravel III,P.E.• Daniel J.Edgerton,P.E.• <br /> 9 Ismael Martinez,P.E.• Thomas A.Syfko,P.E.•Sheldon J.Johnson• Dale A.Grove,P.E.• Thomas A.Roushar,P.E.• <br /> Robert J.Devery,P.E. <br /> Offices:St.Paul,St.Cloud,Rochester and Willmar,MN•Milwaukee,WI•Chicago,IL <br /> September 9,2002 <br /> Website:www.bonestroo.com <br /> Mr.Michael Gaffron <br /> Planning Director <br /> City of Orono R <br /> Post Office Box 66 ���'� <br /> Crystal Bay, Minnesota 55323 SE j 1 <br /> Re: Orono Woods CITY OF aRONO <br /> File No. 139-02-000 <br /> t ' Plat No. 2641 <br /> Dear Mike, <br /> We received a request to reduce the financial guarantee for the Orono Woods site. We inspected the <br /> site on Friday September 6, 2002. The developer currently has two letters of credit totaling <br /> $414,908. Based on our site inspection we would recommend a reduction in the total financial <br /> guarantee in the following manner: <br /> Letter of Credit <br /> Original Amount(1 &2) $414,908 <br /> Proposed Reduction(1 &2) $274,658 <br /> Revised Amount $140,250 <br /> We have attached revised cost estimates reflecting the work remaining. The proposed financial <br /> guarantee should be retained until all site improvements are complete and vegetation has been <br /> established. <br /> Please contact me at(651) 604-4863 if you have any questions regarding this matter. <br /> Yours very truly, <br /> BONESTROO, ROSENE,ANDERLIK, &ASSOCIATES, INC. <br /> ;;i <br /> Torn Kellogg <br /> Attachments <br /> Cc: Greg Gappa, City of Orono <br /> 2335 West Highway 36 g St. Paul, MN 55113 • 651-636-4600 Fax: 651-636-1311 <br />