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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 Jaff ray 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 #2 <br />Sanctuary <br />City of Lake Elmo, Minnesota <br />Project No. 13267.000 <br />Routing: <br />Most of the paving, utilities, and site restoration is complete. The drainfield has not yet been <br />started. <br />Brown's Creek Watershed District holds the letter of credit on the grading portion of this project. <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 />$285,209.00 <br />$5,000.00 <br />Sanitary Sewer <br />$132,468.00 <br />$5,000.00 <br />Drainfield <br />$775,000.00 <br />$700,000.00 <br />Watermain <br />$510,339.00 <br />$5,000.00 <br />Streets <br />$488,948.00 <br />$5,000.00 <br />Street Signs <br />$1,000.00 <br />$1,000.00 <br />Landscaping <br />$110,000.00 <br />$110,000.00 <br />Subtotal <br />125% Security <br />$2,302,964.00 $831,000.00 <br />$2,878,705.00 $1,038,750.00 <br />An Employee Owned Company Promoting Affirmative Action and Equal Opportunity <br />