HomeMy WebLinkAboutLetter of Credit~
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REVISED 12/13/94
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December 8, 1994
Mr. James Becker, President
Becker Arena Products, inc.
5448 Cottonwood Lane SE
Prior Lake, MN 55372
Dear Mr. Becker:
I have calculated the amount of the required Letter of Credit based upon the information you
submitted; this is for the deferred work according to the approved plans. The amount has been
computed in accordance with the zoning ordinance criteria for performance guarantees; the
amount is 125% of the estimate, $11,140.00.
Thus, you should submit an irrevocable Letter of Credit to the City of Prior Lake in the amount of
$13,925.00. The amount can be reduced next season as work is actually completed or at such
time that the approved plans may be amended. It is possible tha# if revised plans are approved,
additional landscaping and site improvements would require an amended Letter of Credit.
I verified that the trees and bituminous curbing mentioned in your October 31 letter had been
installed; however l did not receive notice that the re-seeding had occurred. You should verify
that next spring.
Finally let me share with you information I received from the Building Official regarding a"punch
list" of items that needed completion:
Install an extension to the hydrant. See City specification details to get the break
off plans at the proper elevation. Refer to Standard Plate #304.
2 Paint and itag the fire hydrants.
3. Submit the test results of the trench backfill per the specifications.
You should contact Verlyn Raaen in the City Engineering Department.
4629 Dakota St. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUI~iITY EMPLOYER
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Thank you for your coordination of this matter. Please call me if you have any questions
regarding matters other than the punch list items.
Sincerely,
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Blai reme
Acting Planning Director
BT/cmc
cc: Gary Staber, Building Inspector
Y~ ~t~ten, ;~ngineering Technician