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November 22, 2016 <br />Rachel Juba <br />City of Hugo, Minnesota <br />Re. Victor Gardens 7th Addition <br />Letter of Credit reduction request <br />Dear Ms. Juba, <br />PLOWS <br />ENGINEERING, INC. <br />6776 Lake Drive, Suite 110 <br />Lino Lakes, MN 55014 <br />Office 651-361-8210 <br />Fax 651-361-8701 <br />www.plowe.com <br />The site improvements at Victor Gardens 71s Addition have been substantially completed. To the best <br />of our knowledge the site work and installation of sanitary sewer, watermain, storm sewer and streets <br />(excluding the wear course) has been completed in accordance with the approved plans. <br />The remaining work includes the installation of the final lift of bituminous wear course. The <br />estimated cost of the remaining work provided by the contractor, Amt Construction is $14,300.00. <br />You indicated the current letter of credit amount is $642,250.00. It is Mr. Kettler's request that the <br />letter of credit be reduced to $64,225.00. This is the minimum amount (10% of the original letter of <br />credit) that you indicated must be retained in the letter of credit until all work is completed and <br />approved. <br />Thu <br />Charles W. Plowe, PE <br />PLOWE ENGINEERING, INC. <br />(651)361-8210 <br />