HomeMy WebLinkAboutA033 - Letter to Mayor and Council dated December 8, 2017, to release Letter of Credit No. 0404 22
CITY OF
Ames"
Smart Choice
December 8, 2017
Honorable Mayor and Council Members
City of Ames
Ames, Iowa 50010
Ladies and Gentlemen:
The required street trees for South Fork Subdivision Third Addition have not yet
been installed. On December 20, 2016 City Council approved an Improvement
Agreement with the developer of South Fork Subdivision and accepts financial security
in the amount of$37,595 for the final improvements still outstanding in previous South
Fork Additions. This financial security was to cover a mid-block walkway in the 8t"
Addition, common sidewalks in 3rd, 4th, and 8th Additions, street trees throughout the
development, and correction to the easement granted in 4t" Addition. Therefore, the
financial security for the street trees yet to be installed as part of the South Fork
Subdivision, Third Addition are currently covered under both Letter of Credit #404
(South Fork 3rd Addition) and Letter of Credit#429 (South Fork Wrap Up).
It is recommended at this time to release Letter of Credit#404 (South Fork 3rd Addition)
and keep Letter of Credit #429 (South Fork Wrap Up) until such time as the trees are
installed.
Sincerely,
John C. Joiner, P.E.
Director
cc: Finance, Developer, Planning & Housing, Subdivision file
Public Works Department 515.239.5160 ,nnin 515 Clark Ave.P.O.Box 811
Administration 515.239.5404 /ar Ames,IA 50010
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