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t JMRJ IILR- LR_v L.L. 111J. <br />"l DEVELOPMENT <br />February IrL.;, 15S! <br />Mr. Joel Hanson, City Administrator <br />City of Little Canada <br />515 Little Canada Road <br />Little Canada, MN 55117 <br />Re; jacks :on Heiehts Letter of Credit. <br />Dear Joel: <br />Please receive this letter as a written request for a reduction in <br />Letter of Credit for our Jackson Heights project. <br />As you are aware?, our develc'pers agreement (contract) called for a <br />specific reduction in the Letter of Credit when the first lift or <br />base of bituminous was installed. This reduction was structured <br />based on bituminous being installed in the fall. Hecaauae of weather <br />conditions We were unable to install bituminous before heavy frost <br />and snow arrived. <br />We are therefore, requesting a reduction in the Letter of Credit <br />based on the work completed to date ?, 1e: sanitary sewer, water main, <br />Storm sewer, street base, curb and gutter. <br />Please schedule this at your earliest convenience. thank. you! <br />Warfncs,t; ReiardSq -- <br />1 <br />/in YonRiedei <br />Doi rector of Development <br />420 East County Road D <br />St. Paul, MN 55117 <br />(612) 481 -0017 <br />Post -ItM brand fax transmittal memo 7671 ,kof pagae <br />Front s//A) ?' <br />Phony J/ G, l��C <br />Co. <br />Copt. <br />