Letter of Credit Summary SheetI "�'
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6/15/2012 6/15/2012 F LC #SM234400W expires 4/1/10
(automatically renews for successive one -year terms)
Kwik Trip Crossroads of Chanhassen
Site Plan Agreement 2008 -01
$16,500 (original amount $247,500)
($144,000 grading, $4,000 erosion control, $2,000 as -built plan, $75,000 landscaping)
Notify Sharmeen AI -Jaff.
3/1 /10 - Notified Sharmeen. Kim
4/1/10 -Notified Sharmeen & Jill. Per Jill, check status 6/15/10. Kim
6/18/10 -Notified Sharmeen & Jill. Kim
7/15/10 -Landscaping is satisfactory. Retain $7,500 (10 %) of landscaping portion of letter of credit
until June, 2011.
7/8/11 -Notified Sharmeen & Jill. Kim
7/21 /11 - Per Jill, ok to reduce landscaping to $7,500. Per Joe, ok to reduce grading to $5,000, erosion
control to $2,000 and the as -built should remain at $2,000. Total reduction will be $231,000 to leave a
balance of $16,500. Sent letter to Wachovia Bank requesting reduction and amendment to letter of
credit. Waiting for confirmation of reduction from bank. Kim
7/28/11 - Received Amendment No. 4 decreasing amount by $231,000 to leave a balance of $16,500.
Check status 6/15/12. Kim
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