HomeMy WebLinkAbout#5 2016-02-17 Village East Trunk Utility Improvements-Security Reduction _2
3800 Laverne Avenue North • Lake Elmo • Minnesota 55042
Phone: (651) 747-3900 • Fax: (651) 747-3901 • www.lakeelmo.org
February 17, 2016
Craig Allen, Chief Manager
Gonyea Company
10850 Old County Road 15, Suite 200
Plymouth, MN 55441
Re: Village East Trunk Utility Improvements
Lake Elmo, Minnesota
Irrevocable Letter of Credit No. 310
Dear Mr. Allen:
We have reviewed and processed your request dated February 2, 2016 for a reduction in the security for
the Village East Trunk Utility Improvements in Lake Elmo, MN. At this time the Irrevocable Letter of
Credit No. 310 may be reduced to $190,501.75. This represents a reduction in the amount of
$190,501.75; or 25% of the Sanitary Sewer and Watermain Improvements. Please process the security
reduction through the Lake Elmo City Clerk.
Should you have any questions or require additional information, please call me 651.300.4264.
Sincerely,
John (Jack) W. Griffin, P.E.
City Engineer
cc: Clark Shroeder, Interim City Administrator
Julie Johnson, City Clerk
Cathy Bendel, Finance Director
Stephen Wensman, City Planner
J Griffin