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r>• <5- //o o GlTYofORONO Municipal Offices Street Address: 2750 Kelley Parkway Orono, MN 55356 Mailing Address: P.O. Box 66 Crystal Bay. MN 55323-0066 December 4,2000 Thomas M. Crosby, Jr. Faegre & Benson LLP 2200 Norwest Center 90 South Seventh Street Minneapolis, MN 55402-3901 TRANSMITTAL BY FACSIMILE Re: Spring Hill Golf Club Dear Tom: To establish some finality regarding the Spring Hill Golf Club project, I’ve reviewed City files on the various elements and have come up with the following summary of items remining to be completed: A.File #2209 (Original CUP Application) 1.The three original copies of the approval resolution(Resolution No. 3902) with all required attachments (using the legal description from Sheet 1 of 8 of the plat drawings, and using the original Trail Agreement which was approved by Council on June 12,1997) were signed by the Club representative in 1997 and have now been signed by the Mayor and the City Clerk. One of the three originals will be forwarded to you or to the Club as you direct.. 2.The Developers Agreement was fully executed by all parties. It appears that all conditions cf the Developers Agreement have been followed or met, with the exception of Addendum Item #5 which requires the granting of certain easements as part of the platting process (see File #2480 comments). 3.The initial Letter of Credit in the amount of $578,250 was reduced to $463,125 on 5-18-98, further reduced to $67,0$0 on 4-15-99, and per our records apparently expired on October 31, 1999 absent any formal extension, although such was requested in my letter of April 15, 1999. The $67,050 amount was to cover completion of certain items listed in City Engineer Tom Kellogg’s letter of April 6, 1999, as follows: Telephone (952) 249-4600 • Fax (952) 249-4616 www.cLoronojnD.us i ....