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HARSTAD -TODD CONSTRUCTION CO. <br />7191 LILVL I. l Ah I. I: U. a NEW II RI C,li N, MIN NEi01A iG111 o THONG L7L �151 <br />r♦O I iJ <br />h <br />September R, 1.983 SEP 1983 _N ` RECEIVED <br />rc Of <br />6, MOUNDS Y4 <br />Steve Rose ti <br />City of Mounds View ��ll9lSi4ZE2� <br />2401 Highway 10 <br />Mounds View, Minn. 55112 <br />Dear Mr. Rose: <br />This letter is written to request the release of our letter <br />of ank in <br />credit by the <br />lot innthelplat oftCrovelandthe amount of Tcrrace. This11o00 <br />Lot 1, Block 1, is the only one not sold or built on; it <br />lat. <br />faces the main GrovelandeCourtt of Owhichawasnd Rdedicatedoad rwithnthe pcul- <br />de-sa <br />We did have this lot sold to another builder; however when <br />Ile and we found the sewer and water were not stubbed to the <br />lot, he dedided he didn't want the lot. <br />different than <br />Since no newer and water was provided to the lot at the time <br />of platting, we feel that it really is not any <br />lot. In addition, clearly who - <br />any other vacant lot <br />in the of this and should not technically <br />who- <br />ever considered a p deposits to <br />ever finally builds on it will have subsandtthoseedeposits <br />make to open the sewer and water mains, <br />clearly would protect the city's interest. <br />The market is such at this time that the lot probably will <br />not get sold or built on for another year, and the letter of <br />credit seems to us to be a rather useless expense. <br />1 would greatly appreciate your releasing this letter of <br />credit. Thank you very much for your cooperation. <br />Very truly yours, <br />Diane N. Harstad <br />DNH:me <br />/ P <br />0 <br />