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MEMO <br /> DATE : August 20, 1999 <br /> TO : Honorable Mayor and Council <br /> FROM : Jim March <br /> RE : Beuchler Estates - Reduction in letter of credit <br /> ******************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** <br /> Carl Beuchler has provided mechanics lien waiver as well as a statement requesting a reduction in <br /> his letter of credit for the development known as Buechler Estates. The grading and sewer <br /> extension are complete in this project. Mr. Peterson will be asked the approximate dollar value of <br /> the work remaining to be completed in this development. The letter of credit can be reduced by <br /> the value of the work that has already been completed in the development. <br /> ill <br />