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ordinance. On April 15, 2019, the City Council approved a site plan and conditional use permit <br />for Rosemary Apartments. It is a three-story building with 45 units. The property is located on <br />Rosemary Way and west of Everton Avenue in the Frenchman Place development. At its <br />Thursday, August 22, 2019, meeting the Board held a public hearing and considered the request. <br />The Board agreed that the request met the criteria necessary to approve the request and <br />unanimously recommended approval of the resolution approving the variance to the City <br />Council. <br />G.5 Approve Reduction in Letter of Credit for Adelaide Landing 3rd and 4th Addition <br />Adelaide Landing 3rd and 4th Additions have had significant work completed to date and the <br />developer is requesting a reduction in the letter of credit for both the 3rd and 4th Additions. <br />The current letter of credit for the 3rd Addition is in the amount of $842,744. Staff has inspected <br />the work completed to date and recommends Council approve the reduction in the letter of credit <br />to $225,150 based on the value of work remaining to be completed. The current letter of credit <br />for the 4th Addition is in the amount of $463,267. Staff has inspected the work completed to date <br />and recommends Council approve the reduction in the letter of credit to $334,767 based on the <br />value of work remaining to be completed. <br />K.1 Yellow Ribbon Network Report <br />Council Member Chuck Haas and Council Member Phil Klein will report to Council on the Yellow <br />Ribbon Network activities held recently. <br />LA Midyear Budget Workshop on Thursday, September 5, 2019 <br />The Council has scheduled the Midyear Budget Workshop for Thursday, September 5, 2019, at <br />7:00 p.m. in the Council Chambers. <br />L.2 Breakfast on the Farm on Saturday, September 7, 2019 <br />The Council has scheduled a meeting to attend Breakfast on the Farm on September 7, 2019, at <br />the Miron Farm, 15250 Homestead Ave. N. This event is free and will take place from 8:30 — <br />11:30 a.m. <br />L.3 White Bear Area Chamber Annual Legislative Reception on Tuesdav, November 12, <br />2019 <br />The White Bear Area Chamber will host there annual Legislative Reception at the Tria <br />Restaurant on Tuesday, November 12, 2019, from 5-7:30 p.m. The Tria is located at 5959 <br />Centerville Road in North Oaks. Staff recommends Council schedule the Legislative Reception <br />as a meeting if they choose to attend. <br />M. Adjournment <br />