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Mark Statz <br /> Fnmnn: Mark Statz <br /> Sent: Friday, August 24, 20l83:00PK4 <br /> To: Jeff Hanza| <br /> Cc: Teresa Bender; Kurt 8. Glaser; 'brobinson@vi||agebankon|ine.com' <br /> Subject: RE: Hanza| Letter ofCredit 20l7 Questions from Bank <br /> Jeff, <br /> Unfortunately, your letter of credit can only be released by the city council, per city code. The email request below, <br /> came just a day before our last city council meeting, so there was not an opportunity to have it on the posted agenda or <br /> in their agenda packet, for review prior to its expiration and required auto-renewal. While vveunderstand the last lot of <br /> the development has been sold, and the city has a separate escrow, through the building permit, for sod restoration, we, <br /> as staff, cannot release your obligations under the original letter ofcredit. <br /> That being said, we are certainly ready to entertain a written request from you to release the letter ofcredit, in <br /> full. Unless I hear differently from you, I will consider this email chain to constitute your request for a full release ofyour <br /> Letter of Credit. City staff will place this in front of the City Council at their next available meeting for consideration. <br /> Thanks. <br /> Mark Statz, PE <br /> City Administrator/Engineer <br /> City of Centerville <br /> 1880 Main St. <br /> Centerville, MINI 55038 <br /> 0: 651-429-3232 <br /> []: 651-792-7931 <br /> C: 651-775-5126 <br /> @centerVi||e[An <br /> From:Teresa Bender <br /> Sent: Friday, August 24, 2018 2:39 PM <br /> To: Mark 3tatzxM3tatz@centervi||emn.com> <br /> Subject: FW: Hanza| Letter ofCredit ZU17 Questions from Bank <br /> From: ]effand Laura Hanza| <br /> Sent: Tuesday, August 21, 2018 9:55 PIVI <br /> To: Bridget Robinson; ; Teresa Bender; ]effHanza| <br /> Subject: Re: Hanza| Letter nfCredit 2017 - Questions from Bank <br /> Please let us know if renewing the letter ofcredit is necessary this year. Bridget Robinson (the bank) is on <br /> co Py. <br /> 83z <br />