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
�
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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
............................................................................................................................................................................................. ...............................
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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
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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
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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
...................................................................................................................................................................................................... ...............................
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............................................................................................................................................................................................................................................................. ...............................
Status Report Friday, June 15, 2012 Plan.OR6
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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
........................................................................................................................................................................................... ...............................