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TKDA <br />ENGINEERS • ARCHITECTS • PLANNERS <br />MEMORANDUM <br />To: Chuck Dillerud <br />Copies To: Todd Erickson, P. E. <br />From: Thomas D. Prew, P.E. <br />Date: August 29, 2006 <br />1500 Piper Jaffray Plaza . _�- <br />444 Cedar Street <br />Saint Paul, MN 55101-2140 <br />(651)292-4400 <br />(651) 292-0083 Fax <br />www.tkda.com <br />Reference: Escrow Reduction #3 <br />Discover Crossing <br />City of Lake Elmo, Minnesota <br />Project No. 13267.000 <br />Routing: <br />The developer is nearing completion of this project. Remaining work is the landscaping, final lift of paving, <br />and some clean-up. <br />I would recommend that escrow be reduced to the amounts listed below: <br />Item <br />Original Amount <br />Work Remaining <br />Site Grading/ Turf Establishment <br />$0.00 <br />$0.00 <br />Storm Sewer <br />$310,000.00 <br />$10,000.00 <br />Sanitary Sewer <br />$96,200.00 <br />$5,000.00 <br />Drainfield <br />$250,000.00 <br />$20,000.00 <br />Watermain <br />$318,000.00 <br />$5,000.00 <br />Streets <br />$165,860.00 <br />$32,000.00 <br />Street Signs <br />$1,000.00 <br />$1,000.00 <br />Landscaping <br />$308,000.00 <br />$50,000.00 <br />Subtotal <br />125% Security <br />$1,449,060.00 $123,000.00 <br />$1,811,325.00 $153,750.00 <br />An Employee Owned Company Promoting Affirmative Action and Equal Opportunity <br />