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Hugo City Council Meeting Minutes for December 6, 2021 <br />Page 4 of 7 <br /> <br />Approve Reduction in Letter of Credit for Meadows at Hugo 1st Addition <br /> <br />Meadows at Hugo 1st Addition had significant work completed to date, and Centra Homes, LLC <br />had requested a reduction in the letter of credit. The current letter of credit for the 1st Addition <br />was in the amount of $3,717,530. Adoption of the Consent Agenda approved the reduction in <br />the letter of credit to $2,553,451 based on the value of work remaining to be completed. <br /> <br />Approve Reduction in Letter of Credit for Adelaide Landing 5th and 6th Additions <br /> <br />Adelaide Landing 5th and 6th Additions had substantial work completed to date, and the <br />developer had requested a reduction in the letter of credit for both the 5th and 6th Additions. The <br />current letter of credit for the 5th Addition was in the amount of $507,673.44. Staff had <br />inspected the work completed to date and recommended Council approve the reduction in the <br />letter of credit to $296,793 based on the value of work remaining to be completed. The current <br />letter of credit for the 6th Addition was in the amount of $1,029,737. Staff had inspected the <br />work completed to date and recommended Council approve the reduction in the letter of credit <br />to $347,303 based on the value of work remaining to be completed. Adoption of the Consent <br />Agenda approved the reduction in the letters of credit for Adelaide Landing 5th and 6th <br />Additions. <br /> <br />Approve Release of the Letter of Credit and Cash Escrow for Oneka Place 1st Addition <br /> <br />CPDC-Pratt-Oakwood, Limited Liability Partnership, had requested the City release their letter <br />of credit and cash escrow for the Oneka Place 1st Addition Development. The one year warranty <br />period had expired. Adoption of the Consent Agenda approved the release of the letter of credit <br />and cash escrow being held for the constructed improvements for Oneka Place 1st Addition. <br /> <br />Approve Release of the Letter of Credit for the 140th Street Extension- Schwieters <br />Addition <br /> <br />Victor Land Holdings, LLC, had requested the City release their letter of credit for the 140th <br />Street Extension Project. The one year warranty period had expired. Adoption of the Consent <br />Agenda approved the release of the letter of credit being held for the constructed improvements <br />for the 140th Street Extension Project. <br /> <br />Approve Conditional Use Permit Renewal for Thommes and Thomas Land Clearing at <br />5777 165th Street North <br /> <br />Thommes and Thomas Land Clearing has a CUP to operate a land clearing business located on <br />property generally located south of 165th Street North and west of Highway 61. Condition 1 of <br />the permit stated that it shall be subject to renewal every 24 months. The last CUP renewal was <br />in January 2019. Staff visited the property on December 1, 2021, and noted that the applicant <br />had been conducting the same operation on the property but the intensity of the use over the last <br />several years has declined. Staff was not aware of any violations of the existing Conditional Use <br />Permit and found Thommes and Thomas Land Clearing to be in compliance with the CUP. <br />Adoption of the Consent Agenda approved the renewal of the CUP for Thommes and Thomas <br />Land Clearing. <br />