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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. 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