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BONESTROO ROSENE ANDERLIK 6516361311 09/09/02 12:19 5 :01/03 N0:861
<br /> eonostroo,Rosene,Anttornik and Associates,inc.la an Affirmative Action/Equal Opportunity Employer
<br /> Bonestroo and Employee Owned
<br /> Principals:()Ito G.EonestiDO,P.E.•Marvin L.Sorvala,P.C.•c;le•nn R.Cook.P.E.• Robert G.St:rtuncht,P.E..
<br /> Rosene Jerry A.Bolin-Inn.P.E.
<br /> 111
<br /> Anderlik & Senior Consultanfi:RuUerr W.Rosrne.FE.•Josaplt C.Anrterlik.PF.•Richard E.Turner,P.E.• Susan M.Merlin,C.P.A.
<br /> Associate Principals:Keith A.Gordon,F.E.• Robert R.Pfrflvrle.P.E.• Richard W.luster.PE.• David D.Loikota,PE.•
<br /> Associates Mark A.Hanson,P.C.• Michael 7'.Iiautmann,P.E.•Ted K.Field.RE.• Kenneth P Anderson.FE •Mark R.Rolls,P.E.•
<br /> D,+vid A.HnnCSII'oo,MA.A.• Sidney P Williamson,P.C.,L.S.•Agne,M,ping.M.B.A.• Allan Rick Schmidt,P.E.•
<br /> En ineers &Architects Thoinas W.Peterson.PE.• James R.MAIYrnrl,el: • Mlles B.Jensen,PE.• I I.Philllp Gravel Ill,PC.• Daniel J.Edgerton,P.C.•
<br /> 9 ISniael M:rrinr•7.FE.• Thomas A.Syfko,P.E..• Sheldon J.Julvnun• Dale A.Grove,P.E.• Thomas A.Roushar.P.E.•
<br /> Robert J.Devrry.P,t,
<br /> Offices:Sr.Paul,Sr.Cloud,Rornetrrr and Willmar,MN•Milwaukee:,WI• Chicago,IL
<br /> September 9,2002
<br /> WOW lte:wwwbune.,lruo,com
<br /> Mr. Michael Gaffron
<br /> Planning Director
<br /> City of Orono
<br /> Post Office Box 66
<br /> Crystal Bay, Minnesota 55323
<br /> Re: Orono Woods
<br /> File No. 139-02-000
<br /> 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 Cred,
<br /> Original Amount (I & 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 he retained until all site improvements arc 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 /> /07k)/ 6/. --
<br /> Tom
<br /> Tom Kellogg
<br /> Attachments
<br /> Cc: Greg Gappa, City of Orono
<br />
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