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• MEMO TO: Mayor and City Council <br />FROM: City Planner Herman <br />DATE: February 1, 1999 <br />SUBJECT: RELEASE 7-YEAR SECURJTY BOND FOR CHEMCLEAN TRUCK WASH <br />The City has received notification from First Bank that the <br />renewal date for the Certificate of Deposit for the Chemclean <br />Truck Wash is in February. Per Development Agreement No. 81-42 <br />the developer was required to post a 7-year security for storm <br />water issues. As the 7 years has expired, Staff recommends <br />release of the bond. <br />KJH/BAC <br />cc: Clerk -Administrator Pauley <br />