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With the release of your permit from RCWD, below, I thought it would be a good me to revisit your escrows and their <br />ƭƷğƷǒƭ͵ IĻƩĻ͸ƭ ŷƚǞ L ƭĻĻ źƷ͵ tƌĻğƭĻ ƌĻƷ ƒĻ ƉƓƚǞ źŅ Ǥƚǒ ŷğǝĻ ğ ķźerent view of things: <br /> <br />Sound Masking Escrow $80,000 <br />Held pending noise tesng aer 1-year of operaon. <br /> <br />Transportaon Escrow $650,000 <br />Held pending results of transportaon corridor study. City has 10 years to idenfy projects and 15 years to spend this <br />money. Obviously, the city has every intenon of spending all of this. <br /> <br />Developer Escrow (Infrastructure) $300,000 <br />Infrastructure is now complete and approved. You could request this balance to be drawn down to 35% of this through <br />amount the warranty period. Alternavely, you may issue a warranty bond and we would release this escrow. <br /> <br />Developer Escrow (Site Security) $50,000 <br />With the site fully developed and the RCWD permit closed out, the City Council will consider release of this upon your <br />formal request. <br /> <br />Site Security Bond $450,000 <br />This was issued in tandem with the Developer Escrow (Site Security) for a total of $500k in security. With the site fully <br />developed, the City Council will consider release of this upon your formal request. <br /> <br />Also, of note, is that we will need to make a formal communicaon to Amazon in the near future regarding our intent to <br />th <br />retain (or not) the easement for the realignment of Fairview. As our corridor study on 20 Avenue progresses, we are <br />working towards that determinaon. I believe the deadline for that easement statement is 2 years from the date of the <br />development agreement execuon. <br /> <br />!ŭğźƓͲ ƦƌĻğƭĻ ƌĻƷ ƒĻ ƉƓƚǞ źŅ L͸ǝĻ ƒźƭƭĻķ ğƓǤƷŷźƓŭ ŷĻƩĻ͵ <br /> <br />Thanks <br /> <br />Mark Statz, PE <br />City Administrator/Engineer <br />City of Centerville <br />1880 Main St. <br />Centerville, MN 55038 <br />O: 651-429-3232 <br />D: 651-792-7931 <br />C: 651-775-5126 <br />mstatz@centervillemn.com <br />www.centervillemn.com <br />@centervillemn <br />From: Terrence Chastan-Davis <tchastandavis@ricecreek.org> <br />Sent: Monday, December 4, 2023 10:16 AM <br />To: rojojav@amazon.com; Bradey Partyka <Bradey.Partyka@RyanCompanies.com>; Chad Lockwood <br /><Chad.Lockwood@RyanCompanies.com>; Jordan Dalluge <Jordan.Dalluge@RyanCompanies.com> <br />Cc: Athanasia Lewis <ALewis@centervillemn.com>; Dan Schmitz <DSchmitz@centervillemn.com>; Paul Palzer <br /><PPalzer@centervillemn.com>; Mark Statz <MStatz@centervillemn.com>; Paul Palzer <PPalzer@centervillemn.com>; <br />Tedd Peterson <TPeterson@centervillemn.com>; Teresa Bender <TBender@centervillemn.com>; Abby Tekiela <br />3 <br /> <br />