LOC 7297 Release Ltr 12-11-19 - Engineering CITY OF CHANIIASSEN
a N 11 a Chanhassen is a Community for Life-Providing for Today and Planning for Tomorrow
December 11, 2019
Scott Elleraas, VP
First Minnetonka City Bank
14550 Excelsior Boulevard c
Minneapolis, MN 55345
Re: Release of Letter of Credit . 7297
Beehive Home—Project No. 1 -
Dear Mr. Elleraas:
Enclosed please find the above-referenced original letter of credit and amendment documents for
your files. The developer has posted a cash escrow in lieu of the letter to take over the remaining
balance. This letter is no longer needed and can be cancelled.
If you have any questions,please contact me at 952-227-1166 or by email at
sferraro@ci.chanhassen.mn.us.
Sincerely,
CITY OF CHANHASSEN
Steve Ferraro
Engineering Technician IV/Construction Manager
Enclosure: Letter of Credit No. 7297
c: Bruce Loney, City Engineer
George Bender, Assistant City Engineer
Tyler Stevens
Development Contract File
g:\eng\projects\a-e\beehive home\Ioc\Ic release Ietter.doc
PH 952.227.1100• www.ci.chanhassen.mn.us• FX 952.227.1110
7700 MARKET BOULEVARD •PO BOX 147 •CHANHASSEN •MINNESOTA 55317
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