LOC Holasek Business Park LOC closed001Potter, Jenny
Subject:
Start Date:
Due Date:
Status:
Percent Complete:
Total Work:
Actual Work:
Holasek Business Park LOC
Thursday, August 29, 2019
Monday, October 3, 2022
0 hours
0 hou rs
Owner:
Requested By:
Potter, Jenny
steckling,.,ean
LC #170224337 exptes 7 /78120
Holasek Business Park - Planning Case 2018-18
Cha rter Ba nk
1010 W. Clairemont Avenue
Eau Claire, Wl
S24,soo.oo
tCheck with Bob Generous for status updates.
**This LOC shall automatically renew for successive l-year terms unless the bank notifies the City at least 45
days prior to any expiration date that this LOC will not be renewed.
5/L9/2O-Bob, status? Per Bob, landscaping is not done, so we will retain the LC. Check back at the end of
September. Js
70/7/2O- Bob, status? PerJill, landscaping for the first build ing is in but about 30% of it is dead. Landscaping
for the second building is only 20% done. Keepholdingfull landscape amount. Check back in June,2021. Js
6/1,5/27 - Bob, status? PerJill - They should be watering the trees. There's a number of dead/dying trees
right now, but many more experiencing extreme water restrictions that won't make it through the summer.
The south lot still havebaresoil along the south side of the parking lot. Overall - incomplete, continue to
hold. / Per Bob - hold and re-examine in October. Js
7I/30/27 - Bob status? Per Bob, check back on May 1, 2022. js
512/22 - Bob, status?
5l3l/22- Bob, status? Per Jill 16/3/22\, some dead trees may have been replanted but there are currently 22
completely dead deciduous trees and 2 dead spruce on the site. Waiting for Bob to respond - Check back in a
couple weeks. Js
1
ln Progress
0./,
613122- Per Bob, according to JillSinclair, there are 22 completely dead deciduous trees and 2 dead spruce on
the site. Bob contacted Mark Undestad (developer) who said the dead trees would be placed this week. Check
back in the fall. Js
Lo15/22 - Bob, status?
1016122-Per Bob: The security can be released. Return the letter of credit to bank a nd notify developer, Mark
Undestad, that the security has be released.
2
CITY OI CIIAI'IIIASSII'I
Chanhassen is a Communrty br Life' Provrding for Today and Plannirg for Tornorow
October 10. 2022
Re: Release ofSecurig S & S Development llolasek Business Park - Planning Case +18-18
Upon a site inspection, it appears the project has been completed in general conformance uith
the Site Plan Agreement. Therefore. r.r'e are retuming the enclosed lrrevocable Letter of Credit
to Charter Bank and are nou closing our file on this project.
Sincerelr'.
CITY O HA\.IIASSE\
Robert Generous
Senior Planner
g Flan f0lE pls,lnrng c{ias lt- lt holac\ hurrn sr paA nlt&lir ol't'.ufi1} I &n Ir&t lt-l8 doc
pH 952.227.1100. www.ci.chanhassen.mn.us. FX 952.227.1110
HATIHASSIN ' MINNESOIA 55317
Mr. Mark Undestad
Eden Trace Corporation
8821 Sunset Trail
Chanhassen. MN 55317
Enclosure
CITY OI CIIANIIASSII*I
Chanhassen rs a Communrty for Life - Providing for Today and Planning br lonpnour
October I0. 20ll
Chaner Bank
C'O Trol S. \\'erk
l0l0 \l'cst Clairemont Ave
Eau Claire. \I'l 5.t701
Lpon a site inspection. it appears the project has been completed in general conformance u'ith
rhe Site Plan Agreemenl. Theretbre. rve arc retuming the enclosed lrrevocable Letter of Credit
and are nor.r closing our file on this project.
Sincerell.
CI TIANHASSI.-\
Roben Cenerous
Senior Planner
Enclosure
g plfi:(lll{ plunnrng.rsc\ lt-18hohict tru\rn.rs p,rl rclca\( dls..unt! l8-l8doc
PH 952.227.1100. www.ci.chanhassen.mn.us. FX 952.227.1110
Re: Release of Securirl S & S Development Llolasek Business Park - Planning Case # I 8- l 8
CITY OI CHAI'IIIASSXI,I
Chanhassen is a Community for Life' provrding for Today and Dlanning for Tomonow
October 10. 1022
Mr. Mark Undestad
Eden Trace Corporation
8821 Sunset Trail
Chanhassen. MN 55317
Re: Release of Securiq S & S Development l lolasek Business Park - Planning Case * I 8- l 8
Sincerelr..
CIT\'O HANTIASSEN
Robert Cenerous
Senior Planner
-eplan:0l8plannrnge&.rlt-lthola\clhu\rns\nd,rlr.lc,r!(\'l\..unt)ld(nlr..clE-l8doc
pH 952.227.1100 . www.ci.chanhassen.mn.us . FX 95?.227.1110
Upon a site inspection. it appears the projecl has been completed in general conformance rvith
the Site Plan Agreement, Therefore. ne are retuming the enclosed lrrevocable l-ener ol Credit
to Charter Ban-li and are nou closing our file on this project.
Enclosure
IRRI \'OCABI-f I-ITTER OF CREDIT
TO:City ofChanhasscn
7700 Martet Boulevard- Box l{7
Chanhassen- Minnesota 553 l7
Dear Sir or Madam
We hercbf issue. for the account of S & S Development LLP and in your favor. our lrrevocablc
Letter of Credit in the amount of 124.500.00, arailable ro 1ou b1 lour draft draun on sighr on the
undersigned bank.
The draft must:
a) Bear rhe clause, "Dra*n under Lener ofCrcdit No. ll0:2{117. dated Jub lt. l0l9. ofChaner
Bank-"
b) Be signed bl the Mayor or Ciq' Manager ofthe Cit) ofChanhassen.
c) Be pr€sentcd for poyment at l0l0 W. Clairemont Ave.. Esu Claire. Wl . on or befort.l:00 p.m
on Jul!' 18. 2020.
This Lener of Credit shall automaticalll rcneu for successive one-1ear terms unless. 8t least fo4-
five (45)da1s prior to the nexr annual rctcual date(*hich shall bcJul] lt ofeach lear). thc Bank delirers
$ rinen notice to the Chanhassen CiS Manager that it intends to modi&'the terms of. or cancel, this Lener
of Crcdir. Written notice is effectire if sent b1 cenified mail. postage prepaid. and deposited in the U.S.
Mail. at least forty-five (15) days prior to the next annual rcne*al date addressed as follo*s: Chanhassen
Cit-v Manager. Chanhassen CiB Hall.7700 Matket Boulevard. P.O. Box 1.17. Chanhassen. MN 55317. and
is actually received b1 the Ciq Manager al least thiq (10) da) s prior to the rene*al date.
This Lener of Credit sets forth in full our understanding *hich shall not in any ua1 be modified.
amended, amplified. or limited by rcfercnce to an1 documenl instrumenl or agrcemenl uhether or not
referrcd to hercin.
This Lencr of Crcdit is not assignable. This is not a Notation Lener of Credit. More than one drau
ma1' be made under this Lener of Credit.
This Lener of Credit shall be gor emed b1 the most recent re! ision of the Uniform Customs and
Practice for Documentan Credis. Intemational Chamber of Commerce Publication No. 600.
This Lener of Cr€dit is issued ftrr the development improrements at lhe Holssek Business Park.
Chanhassen. Carver Countl. Minnesota.
!L\BY
Tror S.erk. Market President
No. I 10224337
Date: Mar l. l0l9
\l'e hereby aBr€e that a draft dra*n under and in compliance uith this l-cner of Credit shall be dull.,
honored upon prcsentation.
Steckling, Jean
Subject:
Start Date:
Due Date:
Status:
Percent Complete:
Holasek Business Park LOC
Thursday, August 29, 2019
Monday, October 3, 2022
In Progress
lYo
0 hours
0 hours
Owner:Steckling, Jean
Categories:Security
LC # 170224337 expi es 7 / 78 / 20
Holasek Business Park - Planning Case 2018-18
Charter Bank
1010 W. Clairemont Avenue
Eau Claire, Wl
s24,s00.00
+Check with Bob Generous for status updates.
**This LOC shall automatically renew for successive 1-year terms unless the bank notifies the City at least 45
days prior to any expiration date that this LOC will not be renewed.
5179l2O- Bob, status? Per Bob, landscaping is not done, so we will retain the LC. Check back at the end of
September. Js
6h5l2L- Bob, status? PerJill - They should be watering the trees. There's a nu m ber of dead/dying trees
right now, but many more experiencing extreme water restrictions that won't make it through the summer
The south lot still havebaresoil along the south side of the parkin8 lot. Overall - incomplete, continue to
hold. / Per Bob - hold and re-examine in October. Js
LL/3O/27 - Bob status? Per Bob, check back on May 1, 2022. js
5/2/22 - Bob, status?
5/3L/22 - Bob, status? Per Jill (61312211, some dead trees may have been replanted but there are currently 22
completely dead deciduous trees and 2 dead spruce on the site. Waitingfor Bob to respond - Check back in a
couple weeks. Js
1
Total Work:
Actual Work:
L0h/2O - Bob, status? PerJill, landscaping for the first building is in but about 30% of it is dead. Landscaping
for the second bu ilding is only 20% done. Keepholdingfull landscape amount. Check back in June,2021. Js
613/22- Per Bob, according to JillSinclair, there are 22 completely dead deciduous trees and 2 dead spruce on
the site. Bob contacted Mark Undestad (developer) who said the dead trees would be placed this week. Check
back in the fall. js
2