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#07 - Approve Security Reduction for MEP Lake Elmo LLC
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#07 - Approve Security Reduction for MEP Lake Elmo LLC
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8/4/2025 4:30:22 PM
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LIL EXPLORERS (MILESTONES) Time of Performance: October 31, 2024DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading $46,560 $58,200Sanitary Sewer $15,400 $19,25050%$9,625Watermain $23,530 $29,41350%$14,706Storm Sewer (w/pond structures) $111,362 $139,20350%$69,601Street and Trail Cut at Entrances $10,000 $12,50050%$6,250Bituminous Trails NA NASurface Water Facilities $60,700 $75,875Street Lighting NA NAStreet and Traffic Signs NA NAPrivate Utilities NA NALandscaping Improvements $62,000 $77,50075%$58,125Monuments $1,200 $1,500Erosion and Sedimentation Control $27,390 $34,238Developer's Record Drawings $5,000 $6,250TOTALS $363,142 $453,928RELEASED AMOUNTS:$158,308 $0 $0 $0 $0 $0CUMULATIVE AMOUNTS:$158,308SECURITY AMOUNT REMAINING:$295,620DATE:12/17/2024REDUCTIONS
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