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HomeMy WebLinkAboutTrails of Orono LOC Reduction #11-3498 Melanie Curtis From: Melanie Curtis Sent: Wednesday, November 19, 2014 1:22 PM To: Christine Mattson Subject: FW:Trails of Orono LOC Reduction (#11-3498) Please see below. Can you provide me with your information on the escrow per their request? I don't know if that is enough"detail" but we'll see. Melanie Curtis St 952.249.4627 NA mcurtisOci.orono.mn.us From: Alexander, Matt [mailto:malexander@karealty.com] Sent: Wednesday, November 19, 2014 1:11 PM To: Melanie Curtis Subject: RE: Trails of Orono LOC Reduction (#11-3498) Great! Can you please make check out to Engeisma Limited Partnership and just send it to my attention. My accountant asked for a detail, if possible,of the$8K drawn on the escrow—which was originally$30k. Thanks, Matt S.Alexander I Director of Real Estate Development malexander of karealty.com I direct 952-948-9401 Kraus-Anderson Realty Company 14210 W.Old Shakopee Road, Bloomington MN 55437-2951 Main 952/881-81661 fax 952-881-8114 1 www.krausanderson.com `3, Please consider the environment before punting this email. From: Melanie Curtis [mailto:MCurtis@@ci.orono.mn.us] Sent: Wednesday, November 19, 2014 12:55 PM To: Alexander, Matt Cc: Nilson, Greg Subject: Re: Trails of Orono LOC Reduction (#11-3498) Correct. Sent from my iPhone. On Nov 19, 2014, at 12:49,Alexander, Matt<malexander@karealtv.com>wrote: Thanks Melanie—To be clear,the LOC was released last year and you are now refunding the$22k balance of escrow funds? Matt S.Alexander I Director of Real Estate Development malexanderna.karealty.com I direct 952-948-9401 Kraus-Anderson Realty Company 4210 W. Old Shakopee Road, Bloomington MN 55437-2951 Main 952/881-8166 I fax 952-881-8114 I www.krausanderson.com , Please consider the environment before printing this email. 1 From:Melanie Curtis [mailto:MCurtis@ci.orono.mn.us] Sent: Wednesday, November 19, 2014 12:08 PM To: Alexander, Matt Subject: RE: Trails of Orono LOC Reduction (#11-3498) Matt, we released the LOC in 2013, see attached. I just consulted the file in the Finance department where I discovered the attached release letter and a post-it note requesting for the original LOC to be mailed to your bank written in my handwriting. © Looks like I tried... I will send the original LOC to the following today: Joni L. Zine Bremer Bank National Association 225 South Sixth Street, Suite 200 Minneapolis, Minnesota 55402 We are processing the refund of the cash escrow we currently hold. To whom should they be written to and to what address should they be sent? Melanie Curtis 952.249.4627 mcurtis©ci.orono.mn.us From: Alexander, Matt [mailto:malexander@karealty.com] Sent: Wednesday, November 19, 2014 11:47 AM To: Melanie Curtis Subject: Fwd: Trails of Orono LOC Reduction (#11-3498) Hi Melanie-see below. Thanks! Matt Alexander Begin forwarded message: From: "Nilson, Greg" <greg.nilson@krausanderson.com> Date: November 17, 2014 at 4:06:11 PM CST To: "Alexander, Matt"<malexander@karealtv.com> Subject: FW:Trails of Orono LOC Reduction (#11-3498) FYI—will you take care of that? From: Zine, Joni, L [mailto:JLZine@Bremer.com] Sent: Monday, November 17, 2014 4:05 PM To: Nilson, Greg Subject: RE: Trails of Orono LOC Reduction (#11-3498) Thanks, Greg. Please have the City return the original letter of credit to my attention. To cancel it, we need the original returned to us. Joni L.Zine AVP/Commercial Banking Operations Mgr. Commercial Real Estate Bremer Bank National Association 225 South Sixth Street 2