HomeMy WebLinkAbout1-2016-09-06 Wildflower-Security Reduction #4
3800 Laverne Avenue North • Lake Elmo • Minnesota 55042
Phone: (651) 747-3900 • Fax: (651) 747-3901 • www.lakeelmo.org
September 7, 2016
Mr. Robert Engstrom
Robert Engstrom Companies
4801 West 81st Street, Suite 101
Minneapolis, MN 55437
Re: Wildflower at Lake Elmo 1st Addition
Lake Elmo, Minnesota
Irrevocable Letter of Credit No. 1000
Dear Mr. Engstrom:
We have reviewed and processed your request for a reduction in the security for the Wildflower at Lake
Elmo 1st Addition in Lake Elmo, MN. At this time the Irrevocable Letter of Credit No. 1000 may be
reduced to $1,297,986. This represents a reduction in the amount of $744,337 for street and storm
sewer improvements. Please process the security reduction through the office of 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