HomeMy WebLinkAboutLtr re letter of credit �7�� ���
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9 , � ,,,;�, .g Street Address: Mailing Address:
k'EggO 2150 Kelley Parkway P.O. Box 66
Orono, MN 55356 Crystal Bay, MN 55323�0066
December 11, 1996
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Laurie Lundeen �
Greenfield Corporation "`\ ��� A
3220 Hopkins Crossroads `��.,.1 V` �
Minnetonl:a, Minnesota 55305 � ' °
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Dear Ms. Lundeen:
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I ha��e enclosed a copy of the City Engineer's letter of December 10, 1996 advising of the required
amount for the letter of credit. Note the financial guarantee is written to 150% of the cost of those
improvements and shows the adjusted amount to be $51,570. Please be advised that the City cannot
issue building permits for new construction within the plat until the City is in receipt of the required
letter of credit.
I ha��e once again enclosed a copy of the letter of credit form required by the City. Please also
disregard the engineer's comments regarding private road standards as access to Lots l, 3,�nd 4 is
via a private driveway. The City will require the drive as shown in design/spec plans be paved.
We have address assignments for the new lots created in the Chadwick plat. Please contact the City
offices �vhen you are ready to install the address signage at Bayside at the intersection of the private
driveway with Bayside.
Sincerely,
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,. �L`;t �'s
Jeanne A. Mabusth
Building & Zoning Administrator
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Enc.
cc: Jim Fenning, Hilloway Corporation, 1551 Hunter Drive, Wayzata, MN 55391
Telephone (612) 473-7357 • FAX 473-0510