LC Release Letter 07-22-2015CITY OF
CHA NSEN
7700 Market Boulevard July 22, 2015
PO Box 147
Chanhassen, MN 55317
Administration
Phone: 952.2271100 Mr. Thomas D. Johnson, Vice President
Fax: 952.227.1110 Bridgewater Bank
21500 Highway 7
Building Inspections Greenwood, MN 55331
Phone: 952.227.1180
Fax 952.227.1190 Re: Release of Letter of Credit #224/John Arthur Homes at Lakeside, LLC
Engineering
Lakeside 2nd Addition — Planning Case 2006-26
Phone: 952.227.1160
Fax: 952.227.1170 Dear Mr. Johnson:
Finance This letter is to notify you that the landscaping for the above -referenced project has
Phone: 952.227.1140 been completed in general conformance with the approved plans. Enclosed please
Fax: 952.2271110 find your original Letter of Credit #224 along with all associated amendments. We
Park & Recreation are now closing our files on this project.
Phone: 952.227.1120
Fax:952.2271110 Sincerely,
Recreation Center CIT NHASSEN
2310e:95Coulter 27,14 0: ✓ —v
Phone: 952.227.1400
Fax: 952.227.1404
Planning & Robert Generous, AICP
Natural Resources Senior Planner
Phone: 952.227.1130
Fax: 952.227.1110 RG:ktm
Public Works Encs.
7901 Park Place
Phone: 952.227.1300
Fax 952.227.1310 c: Jill Sinclair, Environmental Resource Coordinator
Senior Center g:\plan\2006 planning cases\06-26 lakesideksecond addition\lc 224 mlease lener.doex
Phone: 952.227.1125
Fax: 952.227.1110
Website
www.ci.chanhassen.mn.us
Chanhassen is a Community for Lite - Providing for Today and Planning for Tomorrow
BRIDGEWATER BANK
RZREVOCABLE LETTER OF CREDIT
No. 224
Date: June 26, 2012
TO: City of Chanhassen
7700 Market Boulevard, Box 147
Chanhassen, Minnesota 55317
Dear Sir or Madam:
We hereby issue, for the account of John Arthur Homes at Lakeside, LLC and in your favor, our
Irrevocable Letter of Credit in the amount of $10,400.00, available to you by your draft drawn on sight on
the undersigned bank.
The draft must:
a) Bear the clause, "Drawn under Letter of Credit No. 224, dated June 26, 2012, of Bridgewater
Bank";
b) Be signed by the Mayor or City Manager of the City of Chanhassen.
c) Be presented for payment at 21500 Highway 7, Greenwood, MN 55331, on or before 4:00 p.m.
on June 26, 2013.
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 May 12`" 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 certified mail, postage prepaid, and deposited in the
U.S. 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
honored upon presentation.
Bloomington
3800 American Blvd. West, Suite 100 PHONE 952.693.6868
Bloomington, MN 55431 FAX 952.893.6869
bridgewaterbankmn,co n
ce this Letter of Credit shall be duly
Thotw .Johnson
eenwo ,Pd resident
21500 Highway 7 PHONE 952.653.0606
Greenwood, MN 55331 FAX 952.470.3933
BRIDGEWATER BANK
June 26, 2013
City of Chanhassen
7700 Market Boulevard, Box 147
Chanhassen, MN 55317
Re: LOC #224/John Arthur Homes at Lakeside, LLC
To Whom It May Concern:
This letter hereby extends Letter of Credit #224 in the amount of $10,400.00 issued to
you in your favor for the account of John Arthur Homes at Lakeside, LLC. The above
mentioned Letter of Credit is extended to June 26, 2014. All other terms listed in the
original Letter of Credit remain unchanged.
Sincerely,
RECEIVED
JUN 17 2013
OF CHANHASSEN
Greenwood
21500 Highway? PHONE 952.653.0606 bndgewaterbankmn.com
Greenwood, MN 55331 FAX 952.470.3933
BRIDGEWATER BANK
June 26, 2014
City of Chanhassen
7700 Market Boulevard, Box 147
Chanhassen, MN 55317
Re: LOC #224/John Arthur Homes at.Lakeside, LLC
To Whom It May Concern:
This letter hereby extends Letter of Credit #224 in the amount of $10,400.00 issued to
you in your favor for the account of John Arthur Homes at Lakeside, LLC. The above
mentioned Letter of Credit is extended to June 26, 2015. All other terms listed in the
original Letter of Credit remain unchanged.
Sincerely,
ffs—D. Johnson
President
Greenwood
21500 Highway 7 PHONE 952.653.0606 bndgewaterbankmn.com
Greenwood, MN 55331 FAX 952.470.3933
BRIDGEWATER, BANK
September 17, 2014
City of Chanhassen
7700 Market Boulevard, Box 147
Chanhassen, MN 55317
Re: LOC #224/John Arthur Homes at Lakeside, LLC
To Whom It May Concern:
CITY OF CHANHASSEN
RECEIVED
SEP 2 z 2014
CHANHASSEN PLANNING DEPT
This letter hereby reduces Letter of Credit #224 issued to you in your favor for the
account of John Arthur Homes at Lakeside, LLC. The above mentioned Letter of Credit
is hereby reduced to $1,040.00 and the maturity date is extended to August 14, 2015. All
other terms listed in the original Letter of Credit remain unchanged.
Sincerely,
11
Greenwood
21500 Highway7 PHONE 952.653.0606 bndgematerbankmn.com
Greenwood, MN 55331 FAX 952.470.3933
V3031
moo
Au 'St 2000 Se tember 2000
S S M T W T F M T W T F S
2 3 4 5 1 2
8
......8... ...8...9 ..10 �11�12 .3 ..4..5...8..2...8...e 15 1314 16 16 1]1 8 19 10 11 12 13 14 15 16 22 20 21 22.23 242526 12 18 '19 26 21 22 2326 2128 29 36 31 24 25 26 2] 2829 30..... ............................. .............................
A Securities
Start Due S P Category Description
8/1/2015 8/1/2015 0 Escrows 0 LC #224 from Bridgewater Bank expires 6/26/2013 at 4:00 pin
(Automatically renews for successive one-year terms)
Lakeside 2nd Addition - Planning Case 2006-26
John Arthur Homes at Lakeside Landscaping Security
$1,040.00 (previously $10,400.00)
Notify Bob Generous
6/6/13 -Notified Bob. Per Bob, extend until 6/1/14. Kim
6/2/14 - Notified Bob. Kim
6/26/14 - Per Jill site still under construction. KM
6/26/14 - Received LC extension letter extending LC to 6/26/15. Kim
8/l/14 -Notified Bob/Jill. Kim
8/1/14 - Per Jill, ok to reduce to 10% (Sl,040u0)
9/15/14 - Sent letter to Bridgewater Bank requesting reduction to $1,040.00 (10% of $10,400.00).
Waiting for confirmation of induction. Check status 10/15/14. Kim
9/22/14 - Received reduction confirmation letter from Bridgewater Bank dated 9/17/14. Check status
8/1/15. Kim
7/22/15 - Per Jill Sinclair, ok to release LC #224. Letter and letter of credit returned to Bridgewater
Bank. Activity closed. Kim
............................................................................................................................................................................................................................
Status Report Saturday, August 01, 2015 Plan
0�03100
2000 Aa u512000 Se tembe, 2000
T F 5 S M T W T F S M T W T F S1 2 3 4 5 1 2..fi...7..85......8...9..10 11..12 .3...4..5...8..,...8...92 181415 131415151]1816 10.11' 121314'i5169 20 21 2220.2122 23.24.25.26 i'! 18 99 20.21 22285223262]26298031 24 25262] 2829 30.......... ... ................ _........... .............................
,yiI Securities
Stan Due 5 F Category Description
8/ I /2015 8,1/2015 F Escrows 0 LC #224 from Bridgewater Bank expires 6/26/2013 at 4:00 pin
(Automatically renews for successive one-year terms)
Lakeside 2nd Addition - Planning Case 2006-26
John Arthur Homes at Lakeside landscaping Security
$1,040.00 (previously $10,400.00)
Notify Bob Generous
6/6/13 - Notified Bob. Per Bob, extend until 6/1/14. Kim
6/2/14 - Notified Bob. Kim
6/26/14 - Per Jill site still under construction. KM
6/26/14 - Received LC extension letter extending LC to 6/26/15. Kim
8/1/14 - Notified Bob/Jill. Kim
8/1/14 - Per Jill, ok to reduce to 10% ($1,040.00)
9/15/14 - Sent letter to Bridgewater Bank requesting reduction to $1,040.00 (10% of $10,400.00).
Waiting for confirmation of reduction. Check status 10/15/14. Kim
9/22/14 - Received reduction confirmation letter from Bridgewater Bank dated 9/17/14. Check status
8/1/15. Kim
............................................................................................................................................................................................................................
® Lotus Development Corp.
......... age .
Page 1
Status Report Saturday, August 01, 2015 Plan
Jul 2000 Au ust2000 Se tember2000
S M T W T F S S M T W T F S S M T W T F S
1 2 3 4 5
.......................
2... 6'i). 5.. s... 1'4 '1. fi.. 7...8...9...1o..1.i..12 3...4...5_6...x..8. y.
9 10 11 12 13 14 15 13 14 15 i6 1] 18 19 10 11 12 13 14 1$.16
181]18 1970 21 22 20.21.22 2324 25 26 1] )Wig 20 21 22 23
2324.25. 26,2 „28.29 2.. 28 29 .. ......... 24 25 26 2] 28 29 30
30 31
Securities
[Start Due S P Category Descdpfon
8/1/2015 8/1/2015 F Escrows Q LC #224 from Bridgewater Bank expires 6/26/2013 at 4:00 pin
(Automatically renews for successive one-year terms)
Lakeside 2nd Addition - Planning Case 2006-26
John Arthur Homes at lakeside landscaping Security
$1,040.00 (previously $10,400.00)
Notify Bob Generous
6/6/13 - Notified Bob. Per Bob, extend until 6/1/14. Kim
6/2/14 - Notified Bob. Kim
6/26/14 - Per Jill site still under construction. KM
6/26/14 - Received LC extension letter extending LC to 6/26/15. Kim
8/1/14 - Notified Bob/Jill. Kim
8/1/14 - Per Jill, ok to reduce to 10% ($1,040.00)
9/15/14 - Sent letter to Bridgewater Bank requesting reduction to $1,040.00 (10% of S70,400.00).
Waiting for confirmation of reduction. Cheek status 10/15/14. Kim
9/22/14 - Received reduction confirmation letter from Bridgewater Bank dated 9/17/14. Check status
8/1/15. Kim
............................................................................................................................................................................................................................
P'e.,
Administration Re: Reduction to Letter of Credit No. 224 for
Phone: 952.227.1100 Lakeside Second Addition Landscaping
Fax: 952.227.1110 planning Case #06-26
Building Inspections
Phone: 952.227.1180 Dear Mr. Johnson:
Fax:952.2271190
This letter is to notify you that Letter of Credit No. 224 in the amount of $10,400.00
Engineering can be reduced to $1,040.00 (10%). The landscaping for the project was inspected
Phone: 952.227.1160 and approved on August 14, 2014. The City will hold the reduced letter of credit for
Fax: 952.2221170 one full year until August 14, 2015, at which time it can be released upon passing
Finance final inspection.
Phone: 952.227.1140
Fax: 952.227.1110 Please send confirmation of reduction of Letter of Credit No. 224 in the amount of
$1,040.00 to my attention at your earliest convenience. All other terms and
Park & Recreation conditions shall remain unchanged.
Phone: 952.227.1120
Fax: 952.227.1110
If you have any questions, please contact me at 952-227-1131 or by email at
Recreation Center bgenerous@ci.chanhassen.mn.us.
2310 Coulter Boulevard
Phone: 952.227.1400 Sincerely,
Fax: 95 404 `--
Planningning
Natural Resources
Phone: 952.227.1130
Fax: 952.227.1110 Robert Generous, AICP
Senior Planner
Public Works
7901 Park Place RG:ktm
Phone: 952.227.1300
Fax: 952.227.1310
Enclosure: Copy of original Letter of Credit No. 224.
Senior Center
Phone: 952.2271125 c: Jill Sinclair, Environmental Resources Coordinator
Fax: 952.227.1110
Web Site gAplan\2006 planning cases\06-26 lakeside\second additionMe reduction letter 09-15-2014.doc
www.ci.chanhassen.mn.us
SCANNED
Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow
September 15, 2014
CITY OF
CHANHASSEN
Mr Thomas D. Johnson
Vice President
7700 Market Boulevard
Bridgewater Bank
PBox 147
Chanhassen, MN 55317
21500 Highway 7
Greenwood, MN 55331
Administration Re: Reduction to Letter of Credit No. 224 for
Phone: 952.227.1100 Lakeside Second Addition Landscaping
Fax: 952.227.1110 planning Case #06-26
Building Inspections
Phone: 952.227.1180 Dear Mr. Johnson:
Fax:952.2271190
This letter is to notify you that Letter of Credit No. 224 in the amount of $10,400.00
Engineering can be reduced to $1,040.00 (10%). The landscaping for the project was inspected
Phone: 952.227.1160 and approved on August 14, 2014. The City will hold the reduced letter of credit for
Fax: 952.2221170 one full year until August 14, 2015, at which time it can be released upon passing
Finance final inspection.
Phone: 952.227.1140
Fax: 952.227.1110 Please send confirmation of reduction of Letter of Credit No. 224 in the amount of
$1,040.00 to my attention at your earliest convenience. All other terms and
Park & Recreation conditions shall remain unchanged.
Phone: 952.227.1120
Fax: 952.227.1110
If you have any questions, please contact me at 952-227-1131 or by email at
Recreation Center bgenerous@ci.chanhassen.mn.us.
2310 Coulter Boulevard
Phone: 952.227.1400 Sincerely,
Fax: 95 404 `--
Planningning
Natural Resources
Phone: 952.227.1130
Fax: 952.227.1110 Robert Generous, AICP
Senior Planner
Public Works
7901 Park Place RG:ktm
Phone: 952.227.1300
Fax: 952.227.1310
Enclosure: Copy of original Letter of Credit No. 224.
Senior Center
Phone: 952.2271125 c: Jill Sinclair, Environmental Resources Coordinator
Fax: 952.227.1110
Web Site gAplan\2006 planning cases\06-26 lakeside\second additionMe reduction letter 09-15-2014.doc
www.ci.chanhassen.mn.us
SCANNED
Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow
Meuwissen, Kim
From: Sinclair, Jill
Sent: Thursday, August 14, 2014 5:04 PM
To: Meuwissen, Kim
Subject: RE: lakeside 2nd
Great. The landscaping has been completed. The LOC can be reduced to 10%.
Thanks,
Jill Sinclair
Environmental Resources Specialist
City of Chanhassen
952-227-1133
From: Meuwissen, Kim
Sent: Thursday, August 14, 2014 2:23 PM
To: Sinclair, Jill
Subject: RE: lakeside 2nd
Jill,
Yes. I sent you and Bob and email on August V. Here is the info:
LC #224 from Bridgewater Bank expires 6/26/2013 at 4:00 pm
(Automatically renews for successive one-year terms)
Lakeside 2nd Addition - Planning Case 2006-26
John Arthur Homes at Lakeside Landscaping Security
$10,400.00
Notify Bob Generous
6/6/13 - Notified Bob. Per Bob, extend until 6/1/14. Kim
6/2/14 - Notified Bob. Kim
6/26/14 - Per Jill site still under construction. KM
8/1/14 - Notified Bob/Jill. Kim
0 Kirn Meuwissen
Sr. Contirurnicatimrs/Adatinistrative Support Specialist
952-227-1107
kmeawissen(cyci.chaiihassen.rnn.us
CITY OF CHAN14ASSEN
7700 MARKET BOULEVARD
PO BOX 147
CHANHASSEN, MN 55317
Find us on
Fa,cebook
From: Sinclair, Jill
Sent: Thursday, August 14, 2014 11:10 AM
To: Meuwissen, Kim
Subject: lakeside 2nd
Hi Kim,
Do we have a LOC from John Arthur Homes for Lakeside 2"d?
Jill Sinclair
Environmental Resources Specialist
City of Chanhassen
952-227-1133
Status Report Sunday, June 01, 2014 PIan.OR6
Jul 2000 Ms'st2000 Se tember 2000
S M T W T F S W T F S M T W T F S
12 3 4 5 1 2
.2...3. 4 ?.. 6?...8 .9 ..10 . 1.1..12 3.4..5._x.._...9 16 1112.13 14 15 6 17 �18 �19 1019202122 3242$ 26 17 18 19 20 21 22 23
23 2425 26 27 ff�§ 631 2425 202]282936
................ .............................
Q Securities
Start Due S P Category Description
6/1/2014 6/1/2014 F Escrows J LC #224 from Bridgewater Bank expires 6/26/2013 at 4:00 pin
(Automatically renews for successive one-year terms)
Lakeside 2nd Addition - Planning Case2006-26
Jobn Arthur Homes at Lakeside Landscaping Secmny (Fb ff)-, ? t - I1/ C ii'1xf �BS C. iAI.
$10,400.00 J
Notify Bob Generous
6/6/13 -Notified Bob. Per Bob, extend until 6/1/14. Mm
...........................................................................................................................................................................................................................