HomeMy WebLinkAbout2008-11-18 OPH Ltr. to Greg Johnson @ OP DevelopmentCity of Oak Park Heights
14168 a Park Blvd. lox 2007 6 Oak Park Heights, M 55082 e Phone 51 439-4439 e 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 tvlonclay, November 17 2008, the City at this time is in need
of your lender to amend and extend the current Letter(s) of Credit to reflect a revised
total amount of $ 0,000.00 to a date not sooner than December 31
This amount secures:
1. Completion of the asphalt lift needed.
2. Providing copies of the final and implemenle l homeowner declarations and
covenants.
3. Full "as-- built " drawings of underground utilities --- in digital format and fully
compatible le with the Washington County Coordinate to 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, i.e. it is good t o 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. l am in need of this $10,000.00 LOC not later than Dec 't), 2008.
Page 10 of 43
Regards,
Eric Johnson
City Administrator
Cc: Judy 1-Hoist, Finance 'rector
Scott Bron elkar ,Central Bank
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