HomeMy WebLinkAbout2008-11-18 OPH Ltr. to ApplicantCity of Oak Park Heights
14168 ak Park Blvd. d. * lox 2007 Oak Park l T fights, MN 55082 0 Phone (6 51) 439-4439 Fax (651) 439-0574
November 18, 2008
Mr. Greg Johnson
Oak Park Development Pine Grove Gardens
6750 Stillwater Blvd. N.
Stillwater, MN 55082
RE: Pine Grove Gardens
Dear Greg
Pursuant to our discussion of Monday, November 17 2008, the City at this time is in need
of your lender to amend and extend the current Lefferts) of Credit to reflect a revised
total amount nt of $1 0,000.00 to a date not sooner than December 1st, 2009.
This amount secures:
1. Completion of the asphalt lift needed.
2. Providing copies of the final and implemented honneowner declarations and
covenants.
3. Full "as-- built}' drawings of underground utilities -- in digital format and fully
compatible with the Washington County Coordinate System. (This may allow
the City to assist these residents in any future sanitary or water utility issues,
such as in the case of the recent sewer blockage, e, i.e. it is good to know
where these lines are.)
Upon the satisfactory completion of these, assuming there are no additional
Development Agreement items that remain incomplete of which at this time 1 believe
there are none, the City will release this $1 0,000,00.
Please have your lender at Central Bank give me a call at the above number or provide
to me a draft for review. I are in need of this $10,000.00 LOC not later than Dec 5 2008.
Page 10 of 43
Regards,
Eric Johnson
City Administrator
Cc: Judy Hoist, Finance Vector
Scott Bromelk m t Central Bank
Weekly Notes