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Letter of Credit SLCSSEA03092 Release Documents 10-05-21 ♦ T Y 0 0,e CITY OF CHANIIASSEN � z9 ,, N HAS Chanhassen is a Community for Life-Providing for Today and Planning for Tomorrow October 5, 2021 Gloria Warrick US Bank National Association International Department 1420 Fifth Avenue, 9th Floor Seattle, WA 98101 Re: Letter of Credit No. SLCSSEA03092 (Original Amount: $50,000.00) T-Mobile Central LLC Site Plan Revegetation Requirements Planning Case File No. 2007-04 Dear Ms. Warrick: Thank you for your time today to discuss the above-referenced outstanding letter of credit. As discussed, the City has not been able to locate the original letter of credit nor any amendment(s) so the attached copy has been provided. This letter is no longer needed and can be cancelled. I understand that it appears this letter of credit has expired from your system and is currently not active, and that any balance would have automatically been returned to your client's credit line. If you have any questions, please contact Senior Planning, Sharmeen Al-Jaff, at 952-227-1134. Sincerely, CITY OF CHANHASSEN Steckling Sr. Administrative Support Specialist Enclosure c: Kate Aanenson, Community Development Director g:\plan\2007 planning cases107-04 t-mobilellc release letter-lc slcssea03092.docx PH 952.227.1100 • www.ci.chanhassen.mn.us • FX 952.227.1110 7700 MARKET BOULEVARD • PO BOX 147 • CHANHASSEN • MINNESOTA 55317 __bank. FAT Star Srr.icr Gu..rurteed C� U. S . BANK NATIONAL ASSOCIATION INTERNATIONAL DEPARTMENT 1420 FIFTH AVENUE, 9TH FLOOR SEATTLE, WA 98101 PHONE : 206-344-2398 FAX: 206-344-5365 FEBRUARY 12, 2008 CITY OF CHANHASSEN 7700 MARKET BLVD. , P. O. BOX 147 CHANHASSEN, MN 55317 ATTN: SHARMEEN AL-JAFF PLEASE FIND ATTACHED OUR ORIGINAL STANDBY LETTER OF CREDIT NUMBER SLCSSEA03092 IN FAVOR OF YOURSELVES, FOR THE ACCOUNT OF: T-MOBILE CENTRAL LLC 12920 S .E . 38TH STREET BELLEVUE, WA 98006 KINDLY ADDRESS ALL CORRESPONDENCE REGARDING THIS LETTER OF CREDIT TO THE ATTENTION OF OUR LETTER OF CREDIT DEPARTMENT, 1420 5TH AVENUE, 9TH FLOOR, SEATTLE, WA 98101, MENTIONING OUR REFERENCE NUMBER AS IT APPEARS ABOVE. TELEPHONE INQUIRIES CAN BE MADE TO EITHER JANET JOIREMAN AT-20.6-344--2-3-94i OR GLORIA WARRICK AT 206-344-2328 . U. S . BANK NATIONAL ASSOCIATION 1.-- 1&I� I _,4 It ai e I tom► RNAT NAL DEPARTMENT Janet Joireman Asst. Vice Presid t embank s/. Five Star Servicr Cuarantced L U.S.BANK NATIONAL ASSOCIATION INTERNATIONAL DEPARTMENT 1420 FIFTH AVENUE,9TH FLOOR SEATTLE,WA 98101 U.S.A. PHONE:206-344-2328 FAX:206-344-5365 IRREVOCABLE STANDBY LETTER OF CREDIT FEBRUARY 12,2008 BENEFICIARY: APPLICANT: CITY OF CHANHASSEN T-MOBILE CENTRAL LLC 7700 MARKET BLVD.,P.O.BOX 147 12920 SE 38'H ST.,9TH FLOOR CHANHASSEN,MN 55317 BELLEVUE,WA 98008 ATTN:SHARMEEN AL-JAFF LETTER OF CREDIT NUMBER: SLCSSEA03092 EXPIRY DATE:AUGUST 31,2008 AT:OUR COUNTERS PRESENTLY LOCATED AT 1420 FIFTH AVENUE,9TH FLOOR, INTERNATIONAL DEPARTMENT,SEATTLE,WA 98101 ON OR BEFORE 5:00 P.M. AMOUNT: $50,000.00 NOT EXCEEDING FIFTY THOUSAND AND 00/100 U.S.DOLLARS WE HEREBY ISSUE THIS IRREVOCABLE STANDBY LETTER OF CREDIT AVAILABLE BY YOUR DRAFT(S) DRAWN AT SIGHT ON U.S.BANK NATIONAL ASSOCIATION AND ACCOMPANIED BY THE FOLLOWING DOCUMENTS: 1. A NOTORIZED AFFADAV1T SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE BENEFICIARY REPRESENTING THAT T-MOBILE CENTRAL LLC HAS FAILED TO COMPLY WITH THE REVEGETATION REQUIREMENTS(GRASS SEED AND TREE PLANTING)OF THE DEVELOPMENT PLANS STATED IN THE SITE PLAN PERMIT NO.2007-04 DATED NOVEMBER 26,2007 AS AGREED TO BY THE BENEFICIARY AND APPLICANT AND REPRESENTING THAT THE EXPENSES ITIMIZED IN THE AFFIDAVIT WERE INCURRED BY THE BENEFICIARY FOR PAYMENT OF SUCH EXPENSES REQUIRED FOR SUCH REVEGETATION REQUIREMENTS(GRASS SEED AND TREE PLANTING)OF THE DEVELOPMENT OF THE PROJECT AND T- MOBILE CENTRAL LLC IS TO REIMBURSE BENEFICIARY THEREFOR. 2. THIS ORIGINAL LETTER OF CREDIT INCLUDING ANY SUBSEQUENT AMENDMENTS. 3. COPY OF THE BENEFICIARY'S NOTICE TO THE APPLICANT THAT THE REVEGETATION REQUIREMENTS (GRASS SEED AND TREE PLANTING)OF THE DEVELOPMENT OF THE PROJECT HAS NOT BEEN COMPLETED BY OCTOBER 15,2008 AS REQUIRED BY THE SITE PLAN PERMIT NO.2007-04 DATED NOVEMBER 26,2007 AS AGREED TO BY THE BENEFICIARY AND APPLICANT AND THAT IF THE DEVELOPMENT OF THE PROJECT IS NOT COMPLETED WITHIN THIRTY(30)DAYS AFTER RECEIPT OF THE NOTICE THE BENEFICIARY WILL ACT TO CAUSE THE REVEGETATION REQUIREMENTS(GRASS SEED AND TREE PLANTING)OF THE PROJECT TO BE COMPLETED AND TO RECOVER ITS COSTS THEREFOR BY REQUESTING A DRAW(S)UNDER THIS LETTER OF CREDIT. 4. RECEIPT(S)EVIDENCING THE AMOUNT(S)THE BENEFICIARY PAID FOR COMPLETING THE REVEGETATION REQUIREMENTS(GRASS SEED AND TREE PLANTING)OF THE DEVELOPMENT OF THE PROJECT,WHICH AMOUNT(S)SHALL BE THE MAXIMUM DRAW ALLOWABLE UNDER THIS LETTER OF CREDIT. PARTIAL DRAWINGS ALLOWED. ALL WRI 1 1 EN N OTIFICATION SHALL BE SENT VIA COURIER. THIS PAGE 1 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO.SLCSSEA03092 embank. _., Five Star Smite Guarantced/A DRAFTS DRAWN UNDER THIS CREDIT MUST BEAR THE CLAUSE:"DRAWN UNDER U.S.BANK NATIONAL ASSOCIATION IRREVOCABLE STANDBY LETTER OF CREDIT NO.SLCSSEA03092". THIS CREDIT IS SUBJECT TO"THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS"(2007 REVISION)INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO.600". WE HEREBY ENGAGE WITH YOU THAT DRAFT(S)DRAWN AND/OR DOCUMENTS PRESENTED UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS IRREVOCABLE STANDBY LETTER OF CREDIT WILL BE DULY HONORED UPON PRESENTATION TO US DRAFT(S)AND DOCUMENTS MUST BE PRESENTED TO OUR OFFICE AT U.S.BANK NATIONAL ASSOCIATION, INTERNATIONAL DEPARTMENT, 1420 5T{AVENUE,9T'FLOOR,SEATTLE,WA 98101,IN PERSON,OR BY OVERNIGHT COURIER,ON OR BEFORE THE EXPIRATION DATE OF THIS LETTER OF CREDIT. U.S.BANK NATIONAL ASSOCIATION INTERNATIONAL BANKING DIVISION 944 AUTH I/ZED SIGNATURE .JUn t Joireman f sst. Vice President THIS PAGE 2 FORMS AN INTEGRAL PART OF LETTER OF CREDIT NO.SLCSSEA03 092 Mobflen (set 1' to' e -vroi. U-fr February 12, 2008 Sharmeen Al-Jaff City of Chanhassen 7700 Market Blvd 7700 Box 147 Chanhassen,MN 55317 Re: Letter of Credit/Re-Vegetated Dear Ms. Al-Jaff, Thank you for working with Steve Edwards and T-Mobile over the past year on our proposed monopole to be located near Halla Nursery. Once installed, this site will enhance T-Mobile's digital network nationwide and particularly in the much needed area of southern Chanhassen. As part of the conditional use permit, I understand that T-Mobile is required to re- establish vegetation to the area which has been used as parking by Halla Nursery. As you can understand,winter is not the best time of year to attempt planting. Thus, to ensure that the work will be completed, T-Mobile will provide a$50,000 letter of credit and use it best effort to have the re-vegetation work completed by July 15, 2008. Should you have any additional questions or if I can be of any assistance, please do not hesitate to contact me. Thank you for your consideration. Sincerely,� � r,y `'v'"'s� Mark Holm Real Estate Manager T-Mobile USA Steckling, Jean Subject: T-Mobile Site Plan 07-04 - Revegetation Requirements (Grass Seed &Tree Planting) Start Date: Monday, February 3, 2020 Due Date: Wednesday, June 1, 2022 Status: In Progress Percent Complete: 0% Total Work: 0 hours Actual Work: 0 hours Owner: Steckling, Jean Categories: Security LC #SLCSSEA03092 Expires 9/30/09 at 5:00 p.m. $10,000 (originally $50,000) **Do not release any monies until all outstanding items regarding Halla have been satisfied - check with Sharmeen first before releasing anything.** *Notify Sharmeen Al-Jaff 7/1/08 - Sharmeen, status? Kim 8/27/08 -Sharmeen, status? This LC expires 8/31/08. Kim 8/29/08 - Sharmeen sent email to Gloria Warrick at US Bank requesting extension to LC. Kim 10/2/08 - Received Amendment No. 1 extending LC expiration date to 12/31/08. Kim 10/1/08 - Per Jill revegetation is incomplete. Check status 6/15/09. 10/27/08 - Emailed Sharmeen requesting she ask for extension to LC. Kim 11/26/08 - Notified Sharmeen of impendng expiration. Check status 12/8/08. Kim 12/18/08 - Received Amendment No. 2 reducing LC to $10,000 and extending expiration date to 9/30/09. Kim 8/17/09 - Notified Sharmeen/Jill. 9/25/09 - Notified Sharmeen. Kim 12/15/09 - Notified Sharmeen. Kim 1/7/10- Notified Sharmeen. Kim 3/1/10- Notified Sharmeen. Kim 4/1/10- Notified Sharmeen. Per Sharmeen, hold LC due to illegal storage on the site. Check status 5/1/10. 5/1/10- Notified Sharmeen. Kim 6/4/10 - Notified Sharmeen. Kim 11/18/10 - Notified Sharmeen. Kim 8/3/11 - Per Sharmeen, check status 9/15/11. Kim 9/15/11 - Notified Sharmeen. Kim 12/1/11 - Notified Sharmeen. Kim 8/1/12 - Notified Sharmeen. Kim 8/1/12 - Per Sharmeen hold for another year. Kim 8/1/13 - Notified Sharmeen. Kim Per Sharmeen hold for another year. 8/1/14 - Notified Sharmeen. Kim 1 9/18/14 - Notified Sharmeen. Kim 6/1/15 - Notified Sharmeen. Kim 10/1/15 - Per Sharmeen check status 10/15/16. Kim 11/2/16 - Status check to Sharmeen. Jenny 11/17/16 - Per Sharmeen check status again 10/15/17. Jenny 4/24/17 - Sent Status Check to Sharmeen. Jenny 4/27/17 - Per Sharmeen - work on the site is incomplete, hold. Jenny 9/25/17 - Per Sharmeen hold. Jenny 2/4/19 - Sharmin, status? Halla cell tower. They are currently working on realigning the driveway per approved plans. Waiting for the snow to melt. Check back in spring/early summer.js 6/7/19 - Sharmin, status?js 2/3/20- Per Sharmeen, hold for another year. 6/1/21—Sharmeen, status? Js 6/30/21 - 6/30/21— Per Sharmeen, she has not visited the site yet and when she does will need to bring George Bender with. Js 9/1/21—Status? Per Sharmeen, check back.js 2