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Letter of Credit 1200 Renewal Request 2-6-09 CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building_Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 Fax: 952.227.1310 Senior Center Phone: 952.227.1125 Fax: 952.227.1110 Web Site www.ci.chanhassen.mn.us February 6,2009 Mr. Kevin Thielfoldt Vice President/Commercial Loans Eagle Valley Bank, N.A. 2501 Hanley Road Hudson, VVI 54016 Re: Renewal Request for Letter of Credit No. 1200 Lakeside Site Plan Permit 2006-26 VVooddale Builders Dear Mr. Thielfoldt: The above-referenced Letter of Credit No. 1200 in the amount of $5,000 expired on October 30, 2008. Upon review of the project, it appears the project has not been completed in general conformance with the site plan agreement. This is considered a breach of contract. According to Section 9D of the General Conditions of the Site Plan Agreement, the City shall deny all building permits for VVooddale Builders, Inc. until the letter of credit is reinstated. Therefore, the above-referenced letter of credit must be renewed for another year to automatically renew for successive one-year periods until the project is complete. Please issue a replacement letter of credit immediately. If you have any questions, feel free to contact me at 952-227-1131 or by email at bgenerous@ci.chanhassen.mn.us. Sincerely, CITY OF CHANHASSEN ~.., Robert Generous Senior Planner RG:ktm c: Steve Obermueller, VVooddale Builders, Inc. g:\plan\2006 planning cases\06-26 lakeside\lc 1200 renewalletter-1.doc Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow