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TKDA <br />ENGINEERS • ARCHITECTS • PLANNERS <br />MEMORANDUM <br />To: <br />Copies To: <br />From: <br />Date: <br />Chuck Dillerud <br />Thomas D. Prew, P.E. <br />November 1. 2006 <br />Reference: <br />Project No. <br />Routing: <br />1500 Pipel Jaffray Plaza <br />YD <br />444 Geda%treel <br />Saint Paul, MN 55101-2140 <br />(651)292-4400 <br />(651)292,0083 Fax <br />www.tkda.com <br />Escrow Reduction <br />HOA 2nd Addition <br />City of Lake Elmo, Minnesota <br />13593.000 <br />I recommend that the escrow for this project be set at the amounts listed below. <br />Item <br />Original Amount <br />Remaining Work <br />Site Grading/Turf Establishment <br />$35,000.00 <br />$5,000.00 <br />Sanitary Sewer <br />$20,000.00 <br />$2,000.00 <br />Watermain <br />$35,000.00 <br />$2,000.00 <br />Streets including turn lane <br />$153,750.00 <br />$20,000.00 <br />Street Signs <br />$1,500.00 <br />$0.00 <br />Landscaping <br />$10,000.00 <br />$10.000.00 <br />Subtotal <br />125% Security <br />$255,250.00 $39.000.00 <br />$319,062.50 $48,750.00 <br />The site has been mostly seeded. The utilities and the first lift of paving are done. <br />This project will be mostly dormant until next spring when the final lift of paving will be completed. <br />An Employee Owned Company Promoting Affirmative Action and Equal Opportunity <br />