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Escrow Reduction Letter 7-14-05 CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 Fax: 952.227.1310 Senior Cenler Phone: 952.227.1125 Fax: 952.227.1110 Web Site 'INfW.ci.chanhassen.mn. us July 14, 2005 Mr. Bill Tippmann Bear Creek Capital, LLC 9549 Montgomery Road, 3rd Fl. Cincinnati, OR 45242 Re: CVS/Pharmacy Escrow Planning Case 04-21 Dear Mr. Tippmann: Enclosed please find a check in the amount of development security for CVS/pharmacy. The year, until landscape general partial release of the $2,500.00 for one required by The City of Chanhassen . A growing community with clean lakes, Quality schools, a charming downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play. III . 2 L. ? L. . III I: 0 11 . 00 . . 5 ? I: 00 2 5 ?... ? ? :Ii . 2111 Status Report 6/1/06 plan.OR2 M T W i 1 2 3 . "t'...8....9...'j(r '1'i"1S"Hi"1"t'. / '21""'22"23"24"25 '~:~~::~~::~~::~L:::. M T W T F ~liij~l!i!f fJJ Securities 6/1/06 6/30/06 F Escrows m Cash Escrow CVS/pharmacy Planning Case #04-21 Boulevard Restoration ($2,500) & Erosion Control ($2,500) TOTAL=$5,000 Received 8/12/04 Check #007632 Notify Bob Generous Total = $5,000 7-6-05 Bob, status? Kim 7-13-05 Per Bob $2,500 to be returned. Retain $2,500 for landscape maintenance until 6/30/06. Notified Finance to issue check and return to me to send with cover letter. Notify Bob on 6/1/06. Kim 7 -14-05 Mailed letter and check in the amount of $2,500 to Bear Creek Capital. Kim ......................................................................................................................................................................................................................................................................................................... ......................................................................................................................................................................................................................................................................................................... ......................................................................................................................................................................................................................................................................................................... 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C 2005 Lotus Development Corp. 7/14/05 at 1 :21 PM S=Sta1us P=Priority Page 1