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<br />November 26, 1996 <br /> <br />To: <br /> <br />Mike Falk, City Planner <br />Jay Kennedy, Assistant Director of Public Works ~ <br />SURETY REDUCTION- TSClllDA OW ASSO HILLS FOURTH ADDITION <br /> <br />From: <br /> <br />RE: <br /> <br />Mr. Tschida has requested that the letter of credit amount be reduced based on the fact that a <br />portion of the project is completed at this time. I have reviewed the surety requirements and <br />recommend the following: <br /> <br />Sanitary sewer <br />Watermain <br />Storm drainage <br />Street construction <br />Sidewalk <br />Grading <br />Survey monuments <br />Landscaping <br />Street lights <br />TOTAL <br />TOTAL REQUIRED <br /> <br />$600 <br />900 <br />700 <br />5,000 <br />N/A <br />8,000 <br />1,000 <br />4,000 <br />3.500 <br />$23,700 X 1.5 <br />$35,550 <br /> <br />The letter of credit shall be for a term ending November 25, 1997. In addition, the completion <br />date for installing all required public improvements is extended until October 4, 1997. I have <br />forwarded a copy of this memo to Mr. Tschida, so he may obtain the necessary letter of credit. <br /> <br />If you have any questions or would like to discuss this matter, please contact me at 221. <br /> <br />3(5;X .? <br /> <br /> <br />