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ATTACHMENT TO ITEM 11 <br />MINNEAPOLIS <br />2510 Minnshaha Avenue <br />ml,nnenpolis, MN 55404 <br />Tolephoue:(612) 721.4877 <br />HAWAI I <br />Suite 1 65 <br />Grosvenor Cenler <br />733 Bishop Street <br />Honolulu, Hawaii 96813 <br />.�„ Telephone: (808) 523.8861 <br />s <br />November 7, 1986 <br />Mr. Steve Rose <br />City of Hounds View <br />2410 N.E. Highway 10 <br />Mounds View, 14N 55112 <br />RE: M 6 E Realty <br />Bond No. 40000 2432 <br />Dear Steve: <br />M s E Realty's Bond No. 4000H 2432 was, this Fall, renewed from <br />8-11-86 to 8-11-87. we have for a long time carried this bond at <br />$90,000 and I am hereby requesting a reduction to $37,000. <br />The reason for this reduction is that a number of lots have been'0� <br />sold, and the bond requirement can therefore, according to ' <br />agreement, be summarized as follows: <br />- Cost of Pond Control $ -0- - <br />_ $500 per single family lot (10) 5,000 <br />$1,000 per duplex lot -0- - <br />$2,000 per Condominium Lot (16) 32,000Y,;; '. <br />Total: $ 37,000 <br />Please review and advise. „ <br />Very truly yours, <br />Tore Wistrom <br />Vice President <br />TW:rm <br />KRAUS • ANDERSON DEVELOPMENT CORPORATION <br />a <br />' <br />