Laserfiche WebLink
TKDA <br />ENGINEERS • ARCHITECTS •PLANNERS <br />MEMORANDUM <br />To: <br />Copies To: <br />Chuck Dillerud <br />From: Thomas D. Prew, P.E. <br />Date: October 17.2006 <br />Reference: Escrow Reduction 41 <br />Park Meadow <br />Project No. <br />Routing: <br />Most of the paving, utilities, and site restoration is complete. <br />8F <br />444 Cedar Street, Suite 1500 <br />Saint Paul, MN 55101-2140 <br />(651)292-4400 <br />(651) 292-0083 Fax <br />www.tkda.com <br />City of Lake Elmo, Minnesota <br />13593.000 <br />There are still some outstanding issues with the storm water pond on the site that need to be addressed by the <br />Developer. <br />I would recommend that escrow be reduced to the amounts listed below: <br />Item Original Amount Work Remaining <br />Site Grading/ Turf Establishment $0.00 $0.00 <br />Storm Sewer $15,000.00 $2,000.00 <br />Watermain $76,000.00 $5,000.00 <br />Streets $98,000.00 $30,000.00 <br />Street Signs $200.00 $0.00 <br />Landscaping $50,000.00 $50,000.00 <br />Subtotal <br />125% Security <br />$239,200.00 $87,000.00 <br />$299,000.00 $108,750.00 <br />The Developer has previously paid all fees contained in the Developer's Agreement to the City. <br />An Employee Owned Company Promoting Affirmative Action and Equal Opportunity <br />