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MINNEAPOLIS <br />2510 Minnehaha Avenue <br />Minneapolis, MN 5U04 <br />Telephon6: (612) 721.4877 <br />HAWAII <br />Suite 1465 <br />Grosvenor Center <br />733 Bishop Street <br />Honolulu, Hawaii 96813 <br />Telephone: (808) 523-8861 <br />November 7, 3.986 <br />Mr. Steve Rose <br />City of Mounds View <br />2410 N.E. Highway 10 <br />Mounds View, MN 55112 <br />RE: M & E Realty <br />Bond No. 400GH 2432 <br />Dear Steve: <br />t\"(0 (c <br />yA� r7A+�Q <br />M & E Realty's Bond No. 400GH 2432 was, this Fall, renewed from <br />8-11-86 to 8-11-87. We have for a long tims 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 <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) 32,000 <br />Total: $ 37,000 <br />Please review and advise. <br />very truly yours, <br />Tore Wistrom n 1i <br />Vice President <br />TW:rm `� �Nj1 jR(,fG o '"V,TN <br />fyfnl j,. r F1,cN i ,n � <br />yJ�J5i n�evrc.'f dd <br />Ir I ,11(j)IVU <br />//r I <br />flf�,fY7 <br />R°co fNf..yf R. <br />rlfivf 4 <br />KRAUS • ANDERSON DEVELOPMENT CORPORATION <br />n�1,ft b <br />