Letter of Credit DocumentationStatus Report Wednesday, July 01, 2015 Plan
Jul•2000 M2122.A3
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v j Securities
Aslan Due S P Category Description
7/1/2015 7/1/2015 F Escrows 0 LC #S120010865 expires 4/3014 from Bremer Bank
(automatically renews annually)
Crossroads of Chanhassen Building 4B
(McDonald's et al)
Site Plan Permit 2013-06
$284,599.70
$70,213 Grading & Erosion Control
$54,464 Landscaping
$134,050 Storm water, Sanitary, Utilities, Etc,
Lot 2, Block 1, Crossroads of Chanhassen
Notify Sharmeen and Stephanie
5/1/14: Notified SAJ and SB. Check status 7/1/14.
6/26/14 - Per Jill Landscape materials installed. Do not reduce LOC for landscaping due to 2 dead
honeylocust in east buffer, no evergreens included near drive-thru, shrub size smalt/many damaged, 1
dying honeylocust in drive-thru island. KM
8/1/14- Notified SAJ/SB/JS. Kim
9/18/14 -Notified Jill. Per Jill landscaping still not satisfactory. Continue to hold LC. Check status
7/1/15. Kim
3/23/15 - Per Stephanie Smith, ok to reduce LC to $39,459.97. Reduction request sent to bank
Waiting for confirmation. Kim
5/1/15 - Received LC Amendment No. I dated April 29, 2015 in the amount of $39,459.97. Kim
............................................................................................................................................................................................................................
Pepe 1
T Bremer
Bank
BREMER BANK, N.A.
STANDBY LETTERS OF CREDIT
MN-001-20FO
APRIL 29, 2015
8555 Eagle Point Blvd.
P.O. Box 1000
Lake Elmo, Minnesota 55042-1000
phone: 1-800-908-BANK(2265)
fax: 651-734-4215
SWIFT: BRFSUS4T
PHONE: 800-908-2265
FAX: 651-734-4277
LETTER OF CREDIT NUMBER: S120010865
EXPIRATION DATE: APRIL 30, 2016
AMOUNT: USD 39,459.97
APPLICANT: KRAUS-ANDERSON, INCORPORATED
523 SOUTH EIGHTH STREET
MINNEAPOLIS, MINNESOTA 55404
BENEFICIARY: CITY OF CHANHASSEN
CIO CITY MANAGER
CHANHASSEN CITY HALL
7700 MARKET BOULEVARD, POST OFFICE BOX 147
CHANHASSEN, MINNESOTA 55317
BREMER BANK, NATIONAL ASSOCIATION
PAM JOHNSON
INTERNATIONAL SPECIALIST
BREMER BANK, NATIONAL ASSOCIATION
SUE BORK-DITLEFSEN
OFFICER
CITYOFCHANHASSEIv
(RECEIVED
MAY U '1 2015
CHANHASSEN PLANNINOOEPT
Member FDIC Bremeccom
T Bremer
Bank
BREMER BANK, N.A.
STANDBY LETTERS OF CREDIT
MN-001-20FO
APRIL 29, 2015
8555 Eagle Point Blvd.
P.O. Box 1000
Lake Elmo, Minnesota 55042-1000
phone: 1 -800 -908 -BANK (2265)
fax: 651-734-4215
SWIFT: BRFSUS4T
PHONE: 800-908-2265
FAX: 651-734-4277
LETTER OF CREDIT NUMBER: S120010865
AMENDMENT NUMBER: 1
APPLICANT: KRAUS-ANDERSON, INCORPORATED
523 SOUTH EIGHTH STREET
MINNEAPOLIS, MINNESOTA 55404
BENEFICIARY: CITY OF CHANHASSEN
C/O CITY MANAGER
CHANHASSEN CITY HALL
7700 MARKET BOULEVARD, POST OFFICE BOX 147
CHANHASSEN, MINNESOTA 55317
THE ABOVE MENTIONED CREDIT IS AMENDED AS FOLLOWS:
1) CURRENT AVAILABLE BALANCE IS DECREASED BY USD 245,139.73 TO A NEW BALANCE OF USD
39,459.97.
THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDITS, INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 600 OR ANY SUBSEQUENT REVISION
THERETO.
THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE CREDIT AND MUST BE ATTACHED
THERETO.
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
BREMER BANK, NATIONAL ASSOCIATION BREMER BANK, NATIONAL ASSOCIATION
%Uc u k4k, f �::
PAM JOHNSON SUE BORK-DITLEFSEN
INTERNATIONAL SPECIALIST OFFICER
cITYOKHANHASSEP
RECEIVED
MAY 0 -A 2015
Member FDIC CHANHASENPLANNINGDEPT Bremer.com
BREMER BANK, N.A.
STANDBY LETTERS OF CREDIT
MN-001.73FO
8555 Eagle Point Blvd.
P.O. Box 1000
Lake Elmo, Minnesota 55042-1000
phone: 1 -800 -908 -BANK (2265)
fax: 651-734-4215
IRREVOCABLE STANDBY LETTER OF CREDIT NO. S120010865
ISSUE DATE: MAY 15, 2013
EXPIRATION DATE: APRIL 30, 2014
BENEFICIARY:
CITY OF CHANHASSEN
7700 MARKET BOULEVARD, BOX 147
CHANHASSEN, MINNESOTA 55317
SWIFT: BRFSUS4T
PHONE: 800-908-2265
FAX: 651.7344277
WE HEREBY ISSUE, FOR THE ACCOUNT OF KRAUS ANDERSON, INCORPORATED AND IN YOUR FAVOR, OUR
IRREVOCABLE LETTER OF CREDIT IN THE AMOUNT OF $284,599.70 (TWO HUNDRED EIGHTY FOUR THOUSAND FIVE
HUNDRED NINETY NINE AND 70/100 UNITED STATES DOLLARS), AVAILABLE TO YOU BY YOUR DRAFT DRAWN ON SIGHT
ON THE UNDERSIGNED BANK. PAYMENT UNDER THIS LETTER OF CREDIT IS AVAILABLE AGAINST PRESENTATION OF THE
BENEFICIARY'S SIGHT DRAFT DRAWN ON US.
THE DRAFT MUST:
BANK": A) BEAR THE CLAUSE, "DRAWN UNDER LETTER OF CREDIT NO.S120010865, DATED MAY 15, 2013 OF BREMER
B) BE SIGNED BY THE MAYOR OR CITY MANAGER OF THE CITY OF CHANHASSEN.
C) BE PRESENTED FOR PAYMENT AT 8555 EAGLE POINT BOULEVARD, LAKE ELMO, MINNESOTA 55042, ON OR
BEFORE 4:00 P.M. ON APRIL 30, 2014.
THIS LETTER OF CREDIT SHALL AUTOMATICALLY RENEW FOR SUCCESSIVE ONE-YEAR TERMS UNLESS, AT
LEAST FORTY-FIVE (45) DAYS PRIOR TO THE NEXT ANNUAL RENEWAL DATE (WHICH SHALL BE APRIL 30 OF EACH YEAR),
THE BANK DELIVERS WRITTEN NOTICE TO THE CHANHASSEN CITY MANAGER THAT IT INTENDS TO MODIFY THE TERMS
OF, OR CANCEL, THIS LETTER OF CREDIT. WRITTEN NOTICE IS EFFECTIVE IF SENT BY COURIER MAIL AT LEAST FORTY-
FIVE (45) DAYS PRIOR TO THE NEXT ANNUAL RENEWAL DATE ADDRESSED AS FOLLOWS: CHANHASSEN CITY MANAGER,
CHANHASSEN CITY HALL, 7700 MARKET BOULEVARD, P.O. BOX 147, CHANHASSEN, MN 55317, AND IS ACTUALLY
RECEIVED BY THE CITY MANAGER AT LEAST THIRTY (30) DAYS PRIOR TO THE RENEWAL DATE.
THIS LETTER OF CREDIT SETS FORTH IN FULL OUR UNDERSTANDING WHICH SHALL NOT IN ANY WAY BE
MODIFIED, AMENDED, AMPLIFIED, OR LIMITED BY REFERENCE TO ANY DOCUMENT, INSTRUMENT, OR AGREEMENT,
WHETHER OR NOT REFERRED TO HEREIN.
THIS LETTER OF CREDIT IS NOT ASSIGNABLE. THIS IS NOT A NOTATION LETTER OF CREDIT. MORE THAN ONE
DRAW MAY BE MADE UNDER THIS LETTER OF CREDIT.
THIS LETTER OF CREDIT SHALL BE GOVERNED BY THE MOST RECENT REVISION OF THE UNIFORM CUSTOMS
AND PRACTICE FOR DOCUMENTARY CREDITS, INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 600.
WE HEREBY AGREE THAT A DRAFT DRAWN UNDER AND IN COMPLIANCE WITH THIS LETTER OF CREDIT SHALL BE
DULY HONORED UPON PRESENTATION.
BREMER BANK, NATIONAL ASSOCIATION
R P RERS,§)NATURE
klEB9ATIONAL SPECIALIST
IATION
Member FDIC Bremer.com