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Letter of Credit DocumentationWells Fargo Bank, N.A. U. S. Trade Services Standby Letters of Credit MAC D4004 401 Linden Street, ist Floor Winston - Salem, NC 27101 Phone: 1(800) 776 -3862 Option 2 E -Mail: trade.ccustandbys @wachovia.com Notice of Non - Extension To Irrevocable Standby Letter Of Credit Number: SM23440OW Date: January 30, 2012 BENEFICIARY CITY OF CHANHASSEN 7700 MARKET BOULEVARD BOX 147 CHANHASSEN CITY HALL ATTN: CHANHASSEN CITY MANAGER CHANHASSEN, MINNESOTA 55317 APPLICANT(S) KWIK TRIP, INC. LADIES AND GENTLEMEN: AS PER THE CONDITIONS STATED IN THE ABOVE REFERENCE IRREVOCABLE STANDBY LETTER OF CREDIT, WE HEREBY NOTIFY YOU THAT THE ABOVE LETTER OF CREDIT WILL NOT BE EXTENDED BEYOND APRIL 1, 2012 (EXPIRY DATE). Very Truly Yours, WELLS FARGO BANK, N.A. By: Authorized Sign ure Together we'll go far Page 1 of 2 Please direct any written correspondence or inquiries regarding this Letter of Credit, always quoting our reference number, to Wells Fargo Bank, National Association, Attn: U.S. Standby Trade Services at either One Front Street MAC A0195 -212, San Francisco, CA 94111 or 401 Linden Street MAC D4004 -017, Winston - Salem, NC 27101 Phone inquiries regarding this credit should be directed to our Standby Customer Connection Professionals 1- 800 - 798 -2815 Option 1 1- 800 - 776 -3862 Option 2 (Hours of Operation: 8:00 a.m. PT to 5:00 p.m. PT) (Hours of Operation: 8:00 a.m. EST to 5:30 p.m. EST) Together we'll go far CITY OF January 30, 2012 CHA NSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Ms. Amanda Cohen Bright Wells Fargo Bank, N.A. Standby Letters of Credit MAC D4004 -012 401 Linden Street, 1 st Floor Winston - Salem, NC 27101 Building Inspections Re: Release of Letter of Credit No. SM23440OW Phone: 952.227.1180 Crossroads of Chanhassen/Kwik Trip Fax: 952.227.1190 Planning Case 2008 -01 Engineering Phone: 952.227.1160 Dear Ms. Cohen Bright: Fax: 052.227.1170 The above - referenced project has been completed in general conformance with the Finance Phone: 952.2271140 approved plans. Enclosed please find the original letter of credit and Amendment Fax: 952.227.1110 No. 1. We are now closing our files on this project. Park & Recreation Sincerely, Phone: 952.227.1120 Fax: 952.227.1110 CITY OF CHANHASSEN Recreation Center —� 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Sharmeen Al -Jaff Senior Planner Planning & Natural Resources Phone: 952.227.1130 SAJ:ktm Fax: 952.227.1110 ec: Joe Shamla, Project Engineer Public Works c: Leah Nicklaus Berlin 7901 Park Place Phone: 952.2271300 Kwik Trip, Inc. - Store Engineering Fax: 952.2271310 1626 Oak Street P.O. 'Box 2107 Senior Center Lacrosse, WI 54601 -2107 Phone: 952.227.1125 Fax: 952.227.1110 Enclosures: Letter of Credit No. SM23440OW Web site Amendment No. 1 to Letter of Credit SM23440OW www.ci.chanhassen.mn.us g\plan\2008 planning cases \08 - 01 crossroads ofchanhassen \lc release letter 0 1 - 30 - 2012.doc Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow WACHOVIA WACHOVIA Wells Fargo Bank, N.A. U. S. Trade Services k f' Standby Letters of Credit MAC D4004 -012 4oi Linden Street, ist Floor Winston- Salem, NC 271oi Phone: 1(800) 776 -3862 Option 2 E -Mail: trade.ccustandbys @, wachovia.com Amendment To Irrevocable Standby Letter Of Credit CITY OF CHANHASSEN Number: SM234400W RECEIVED Amendment Number: 4 Amend Date: July 27, 2011 JUL 2 8 2011 CHANHASSEN PLAVNING DEPT *-l2 0 1 11 . d W , . III CITYOFCHANHASSEN 700 MARKET BOLA-EVl""11 D BOX 147 CHANHASSEN, MINNESOTA 56317 Ladies and Gentlemen: At the request and for the account of the above referenced applicant, we hereby amend our Irrevocable Standby Letter of Credit (the "Wells Credit") in your favor as follows: THE AMOUNTOFTHIS LETTER OFCREDITIS DECREASED BY231 ,00000 THE CURRENTAVAILABLE AMOUNT OFTHIS LETTER OF CREDIT NOW TOTALS USD 16500.00. All other terms and conditions remain unchanged. This Amendment is to be attached to the original Wells Credit and is an integral part thereof. Very Truly Yours, VF GO BANK, NA P,uthodzed Signature The original of the Letter of Credit contains an embossed seal over the Authorized Signature. Together we'll go far of this Irrevocable Standby Letter of Credt Number SM234400 4 Please direct any written correspondence or inquiries regarding this Letter of Credit, always quoting our reference number, to Wells Fargo Bank, National Association, Attn: U.S. Standby Trade Services at either One Front Street MAC A0195 -212, San Francisco, CA 94111 or 401 Linden Street MAC D4004.017, Winston- Salem, NC 27101 Phone inquiries regarding this credit should be directed to our Standby Customer Connection Professionals 1- 800 -798 -2815 Option 1 1- 800 - 776 -3862 Option 2 (Hours of Operation: 8:00 a.m. PT to 5:00 p.m. PT) (Hours of Operation: 8:00 am. EST to 5:30 p.m. EST) Together we'll go far Page 2 of 2 Each page of this multipage document is an integral part of this Irrevocable Standby Letter of Credit Number SM234400 M/ Status Report Friday, June 15, 2012 PIan.OR6 � M T W T F" , M T W T F M T W T F ..: .............. 1 2 3 4 a...... .... ..... 7 1 .: 2�3 4 5 6 7 7 8 9 10 11� 4 5 6 8 10 11 12 13 14 14 15 16 17 18 11 12 13 14 15�� ............... 1G 17 18 19 20 21 21 22 23 24 25 3 ?18 20 21 22 24 25 26 27 289 28 29 30 25 26 28 29 30 fl 31 ...............• _ ...... y I Securities w. 6/15/2012 6/15/2012 0 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 1/30/12 - Per Sharmeen, ok to release letter of credit. Activity closed. Kim ............................................................................................................................................................................................. ............................... " M T W T F " '3 4 ... 5 . _ . 6 ... 7� s .10 11 12 13 14 16'17 18 ' 19 21 ...... 23 ff ':24 25 26 27 28 2 IU M T W T F r ' 789 10 11� 1 17 18 21 22 23 24 25 28 29 30 31 s .. ..................... tfl/ribi' 1 4..5...6....8 3 18 �19�20�21��22 s 25_ _27 Securities 6/15/2012 6/15/2012 F LC 4SM23440OW 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 Al -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 .......................................................................................................................................................................... ............................... .................. 0 CITY OF July 21, 2011 CHANNSEN 7700 Market Boulevard PO Box Boulevard Wachovia Bank, National Association Chanhassen, MN 55317 401 Linden Street, Mail Code NC6034 Winston Salem, NC 27101 Administration Phone: 9 Administration Re: Reduction of Letter of Credit No. SM23440OW Fax: 952.227.1110 Crossroads of Chanhassen/Kwik Trip Planning Case No. 2008 -01 Building Inspections Phone: 952.227.1180 To Whom It May Concern: Fax: 952.227.1190 Please accept this letter as authorization to reduce Letter of Credit No. Engineering Phone: 952.2271160 SM23440OW in the amount of $247,500.00 by $231,000.00 to leave a remaining Fax: 952.227.1170 balance of $16,500.00. Please send written acknowledgement of this reduction at your earliest convenience. Finance Phone: 952.227.1140 If you have any questions or concerns, please contact me by email at Fax: 952.2271110 jshamla@ci.chanhassen.mn.us or at 952 -227 -1165. Park & Recreation Phone: 952.227.1120 Sincerely, Fax: 952.227.1110 CITY OF CHANHASSEN Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 J ph Shamla, P.E. Planning & roject Engineer Natural Resources Phone: 952.227.1130 JS:ktm Fax: 952.227.1110 Enc. Public Works 7901 Park Place c: Leah Nicklaus Berlin Phone: 952.227.1300 Fax: 952.227.1310 Kwik Trip, Inc. - Store Engineering 1626 Oak Street Senior Center P.O. Box 2107 Phone: 952.227.1125 Lacrosse, WI 54601 -2107 Fax: 952.227.1110 Web Site g:\plan\2008 planning cases \08 -01 crossroads ofchanhassen \lc reduction 7 -21 -1 l.doe www.ci.chanhassen.mn.us Chanhassen is a Community for Life -Providing for Today and Planning for Tomorrow SCANNED Meuwissen, Kim From: Shamla, Joe Sent: Thursday, July 21, 2011 10:47 AM To: Meuwissen, Kim Cc: Fauske, Alyson; Sinclair, Jill; AI -Jaff, Sharmeen Subject: RE: Kwik Trip Letter of Credit Reduction Kim, The grading can be reduced to $5000.00, the erosion control can be reduced to $2,000.00 and the asbuilt must remain at $2,000.00 Thanks, Joe From: Meuwissen, Kim Sent: Thursday, July 21, 2011 10:07 AM To: Shamla, Joe Cc: Fauske, Alyson; Sinclair, Jill; AI -Jaff, Sharmeen Subject: FW: Kwik Trip Letter of Credit Reduction Joe, I don't have a record of a response from Alyson for the email below. Are you able to determine if the grading, erosion control, and as -built portions of this letter of credit can be reduced or released or should we wait for Alyson's return? KIM MEUWISSEN *CITY OF CHANHASSEN PLANNING SECRETARY 952-227-1107 MAILTO: KMEUWISSENC CHANHASSEN. MN. US Find us on Facebook From: Meuwissen, Kim Sent: Wednesday, September 29, 2010 10:30 AM To: Fauske, Alyson Cc: Sinclair, Jill Subject: Kwik Trip Letter of Credit Reduction Alyson, Jill has approved a reduction in the landscaping portion of the referenced letter,of credit to $7,500. Can the grading, erosion control, and as -built portions of this letter of credit be reduced or released as well? LC #SM234400W expires 4/1/10 (automatically renews for successive one -year terms) Kwik Trip Crossroads of Chanhassen Meuwissen, Kim From: Sinclair, Jill Sent: Monday, July 18, 20114:16 PM To: Meuwissen, Kim; AI -Jaff, Sharmeen Subject: RE: Kwik Trip Letter of Credit The landscaping is satisfactory. Any LC held for landscaping can be released. Jill Sinclair Environmental Resources Specialist City of Chanhassen 952- 227 -1133 From: Meuwissen, Kim Sent: Friday, July 08, 2011 11:28 AM To: AI -Jaff, Sharmeen; Sinclair, Jill Subject: Kwik Trip Letter of Credit Sharmeen /Jill, Status? LC #SM234400W expires 4/1/10 (automatically renews for successive one -year terms) Kwik Trip Crossroads of Chanhassen Site Plan Agreement 2008 -01 $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 KIM WuwisSEN UAW CP V OF : ":;HANHAS, E.N PLANNING SECRETARY 952-227-1107 f ✓3A.i_lv.il. E CP C i "'1i ti ".jVIN. L_/JC` `lVleuwissen, Kim From: Meuwissen, Kim Sent: Wednesday, September 29, 2010 10:30 AM To: Fauske, Alyson Cc: Sinclair, Jill Subject: Kwik Trip Letter of Credit Reduction Alyson, Jill has approved a reduction in the landscaping portion of the referenced letter of credit to $7,500. Can the grading, erosion control, and as -built portions of this letter of credit be reduced or released as well? LC #SM234400W expires 4/1/10 (automatically renews for successive one -year terms) Kwik Trip Crossroads of Chanhassen Site Plan Agreement 2008 -01 $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. KIM WuwisSEN *CITY OF CHANHASSEN PLANNING SECRETARY 952-227-1107 MAI L.TO: K: CHAN HASSEN. MN. { rS � rfw T W T F. 4,5 " °, M T W T F- ' z M T W T F °-S? z 3 4 5 6 7 7 8 9 1011 4 5 6 78 10 11 12 13 14 14 15 16 17 18 f p 11 12 13 14 15 X1$317 18 19 20 27 21 22 23 24 25 18 19 20 21 22 .... 24 25 . 26 . 27 28 �- 28 29 30 31 25 26 27 28 29 3413 31 �. `..'" <. + Qf Securities I 's—t a w y (c ; u= . ... . ` .. 4 ... �1n��. U�� 6/15/10 6/15/10 O LC #SM234400W expires 4/1/10 (automatically renews for successive one -year terms) Kwik Trip Crossroads of Chanhassen Site Plan Agreement 2008 -01 $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 ...................................................................................................................................................................................................... ............................... M T W �T F r�8-2VM-M F- [�� M T W T F" 4 11 4 5 6 7 18 ! 11 72 13 14 18 9 20 25 16 19 20 21 26 27 28 29 31 ....... ...................... Qp Securities Notify Sharmeen AI -Jaff. ............................................................................................................................................................................................................................................................. ............................... Status Report Friday, June 15, 2012 Plan.OR6 � st ;M T W T F, �M TW T F AM ? ,M T W T F 1 2 3 4` ";' 1 10 11 12 13 14 15 16 17 18 11 12 13 14 15_ !17 18 19 20 21: - -21 22 23 24 25 18192021 22 31" P : :27 � 31 28 29 30 Securities 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 $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 ........................................................................................................................................................................................... ...............................