HomeMy WebLinkAbout1996-12-11 Letter, Required Letter of CreditDecember 11, 1996
Laurie Lundeen
Greenfield Corporation
3220 Hopkins Crossroads
Minnetonka, Minnesota 55305
Dear Ms. Lundeen:
C ITY of OROr46
Municipal OfTtces
strM Addreu:
2750 Kelley Parkway
Orono. MN 55356
Mailing Address:
P 0 Box 66
Crystal Bay, MN 553230066
1 have enclosed a copy of the City Engineer's letter of December 10, 1996 advising of the required
amount for the letter of credit. Dote the financial guarantee is written to 150% of the cost of those
improvements and shoe's 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 have once again enclosed a copy of the letter of credit form required by the Citv. Please also
disregard the engineer's comments regarding private road standards as access to Lots 1, 3gnd 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 when you are ready to install the address signage at Bayside at the intersection of the private
driveway %%ith Bayside.
Sincerely,
Jeanne A. Mabusth
Building R 7oning Administrator
JAM/ch
Enc.
cc: Jim Ferning, Hillo%vay Corporation, 1551 Hunter Drive, Wayzata, M14 55391
Telepbone (612) 473-7357 • FAX 473-0510