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<br /> <br />August 5, 2020 <br /> <br /> <br />James and Mary Jundt <br />C/O Brian Benson Via Email <br />201 East Lake St BKBenson@CBBurnet.com <br />Wayzata, MN 55391 <br /> <br />Re: Southways Plat - Authorization to release Letter of Credit <br />Ref.: Wells Fargo Bank; LOC No. IS000042107U; Dated May 21, 2018 <br /> <br />Mr. Benson, <br /> <br />Per your request the City’s Engineer has inspected the Southways site and has determined that the project has <br />been completed. Therefore, the letter of credit as security for the project may be released in its entirety. <br /> <br />This letter will serve as City of Orono’s authorization to you and to Wells Fargo to release LOC No. <br />IS000042107U. <br /> <br />Please feel free to contact me at 952.249.4626 or by email at jbarnhart@ci.orono.mn.us if you have any questions <br />on the above requirements. <br /> <br />Sincerely, <br />CITY OF ORONO <br /> <br /> <br />Jeremy Barnhart, AICP <br />Community Development Director <br /> <br />Cc: Ron Olson, Finance Director via email <br /> Adam Edwards, City Engineer via email <br /> Chuck Alcon, Engineer via email <br /> David Osdoba, Wells Fargo via email David.J.Osdoba@wellsfargo.com