HomeMy WebLinkAbout2015-12-03 Hunters Crossing Security Reduction Request
Twin Cities
7599 Anagram Drive
Eden Prairie, MN 55344 952-229-6000 Tel
www.calatlantichomes.com
December 3, 2015
Ryan Stempski, P.E.
Focus Engineering, Inc.
3800 Laverne Ave. N.
Lake Elmo, MN 55042
RE: Request for Letter of Credit Reduction – Hunters Crossing
Dear Mr. Stempski:
CalAtlantic Homes currently has two LOCs with the City of Lake Elmo. This letter is
intended to be a summary of CalAtlantic’s requests to have both LOCs reduced according
to the Development Contracts. A spreadsheet detailing the reductions is attached.
Hunters Crossing 1st Addition
LOC #IS0252285U for $1,619,768.00
This addition was substantially completed this past summer, final street improvements,
pond filtration, and landscaping remain. Per the DA, section 37 A., CalAtlantic requests
this LOC be reduced down to $869,335.
Hunters Crossing 2nd Addition
LOC #IS0305143U for $1,145,404.00
This addition was significantly completed this past summer, sidewalks, final street
improvements, and landscaping remain. Per the DA, section 37 A., CalAtlantic requests
this LOC be reduced down to $601,976.
Please feel free to contact me with any questions at (952) 229-6034.
Sincerely,
CalAtlantic Group, Inc.
Shawn Wenzel, P.E.
Land Coordinator
Enclosure: LOC Reduction Request Spreadsheet
Cc: Mark Sonstegard, VP Land Development – CalAtlantic Homes
Jack Griffin, City Engineer – Focus Engineering