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LAW OFFICES OF <br />ERWIN A. PETERSON <br />PETERSON, BELL. CONVERSE & JENSEN <br />ROBERT C. BELL <br />WILLARD L. CONVERSE <br />ROGER A. JENSEN <br />ST. PAUL OFFICE <br />KURT F. WALTHER <br />2100 AMERICAN NATIONAL BANK BUILDING <br />W. TIMOTHY MALCHOW <br />101 EAST FIFTH STREET <br />MARTIN J. COSTELLO <br />ST, PAUL, MINNESOTA 55101 <br />JAMES C ERICKSON <br />TELEPHONE (612) 224.4703 <br />DAVID S. ANDERSON <br />FAX (612) 223.8070 <br />WILUAM M. DRINANE <br />PAMELA CONVERSE ZERIN <br />RC)SEVILLE OFFICE <br />CAROL A. BALDWIN <br />2760 NORTIA SNE'.LING AVE, SUITE 327 <br />SCOTi' B. CROSSMAN <br />ROSEVILLE. MINNE SOTA 551.13 <br />DAVID R. FENSKE <br />TELEPHONE (612) 631.8489 <br />CAROLINE F. BELL <br />IFAX (612) 631 2475 REPLY TO: <br />St. Raul <br />January 2, 1990 <br />Mr. Rick Jopke <br />Planning and 'Zoning Administrator <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, Minnesota 55113 <br />Re: Rosedale Marketplace Shopping Center Landscape Bond <br />Our File No. 101.1-19 <br />©ear Mr. Jopke: <br />I am in receipt of your Dacemb;,: r 27, 1969, correspondence wherein <br />you ask for an opinion concerning whether or not a( "letter of <br />guarantee" satisfie3 the requirements of a ti iver year landscape <br />bond which was made ka condition of Rosedale Marketplace's special <br />use permit. In my opinion ;such a letter of guarantcac does not <br />satisfy the requirement of the landscape bond. <br />The only way the letter of guarantee may be accepted would be for <br />the matter to be brought hack before the City Council For an <br />amendment to the special use permit condition. If that is done, <br />I would recommend against use of the letter of guarneitee beicnuse <br />there is no security for performance of the guarnnte+e if the <br />developer fails to perform. The most likely circumstance where <br />the City would be making a claim against either the landscape <br />Uond or the letter of gu manta~.• would be wherrc the developer <br />failed to put In the proper landsea,aping. Typicnlly that would <br />occur if the developer was in financial trouble, if the <br />developer is in f°inanciall t;roublo, his letter quarantee is <br />going to be of little or no value. <br />RAJ/eld <br />cc: Mr. Steve Sty r ka! y <br />Mr. Robert C. Bell <br />Yours very truly, <br />Roger"Pn, noon <br />..,,V'A - <br />