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Letter of Credit CorrespondenceCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax (406)758-7758 December 14, 2007 Mr. Davar Gardner PO BOX 958 Kalispell, MT 59901 Re: Letter of Credit No. 01-06-291 $ 4,750.00 Dear Mr. Gardner, I am returning the above mentioned letter of credit per Mark Crowley as the Public Works Department concurs that the significant items have been completed in accordance with the approved plans and specifications. If you have any questions, please call me at 758-7750. Sincerely, Deb Deist City Treasurer • R: Letter of Credit No. 01-06-291 Dated: August 1, 2006 Expiration Date: December 31, 2007 Amount: $4,750.00 Kalispell City Council City of Kalispell P. O. Box 1997 Kalispell, MT 59901 We hereby establish in your favor an irrevocable Letter of Credit up to the aggregate amount of $4,750.00 at the request of Davar Gardner. If Davar Gardner fails to complete the specified improvements in the Terrace View Estates within the time period set forth in the attached Improvements Agreement, we will pay on demand your draft or drafts for such funds, to the limit of credit set forth herein, as are required to complete said improvements. All drafts must indicate the number and date of this Letter of Credit and be accompanied by a signed statement of an authorized official that the amount is drawn to install improvements not installed in conformance with the Improvements Agreement and specifying the default or defect in question. All drafts must be presented prior to the expiration date stated above, and this Letter of Credit must accompany the final draft for payment. This Letter may not be withdrawn or reduced in any amount prior to its expiration date except by your draft or written release. GLACIER NK Mike Crimmins Vice President llw 0 :.. City of Kalispell Public Works Department Post Office Box 1997, Kalispell, Montana 59903-1997 -Telephone (406)758-7720, Fax (406)758-7831 s MEMORANDUM December 7, 2007 To: Deb Deist, City Treasurer From: Mark Crowley, Construction Manago�,,Z/ Re: Terrace View Subdivision The developer for the project has requested a release of the SIA for the referenced project (attached). A recent examination of the project was performed with the developer, and the Public Works Department concurs that the required improvements items have been constructed in accordance with the approved plans and specifications and the letter of credit should be released. Cc: Davar Gardner P. O. Box 958 Kalispell, Montana 59901 Jackola Engineering P. O. Box 1134 Kalispell, Montana 59901 Planning Department DAVAR GARDNER P.O. Box 958 KALISPELL, FIT 59903 406-752-7683 406-756-8056 (FAX) December 5, 2007 Kalispell City Council City of Kalispell P. O. Box 1997 Kalispell, MT 59901 I am requesting the return of the following Irrevocable Letter's of Credit. The improvements have been completed on both projects. $4,750.00 East California Street sidewalks $2,625.00 Terrace View Estates buried power line Thank you. Davar Gardner �, Page 1 of 1 From: Mark Crowley [mcrowley@kalispell.com] Sent: Friday, December 14, 2007 10:35 AM To: 'Deb Deist' Subject: Terrace View Estates Thanks for checking Deb. We can go ahead and release this. Mc From: Frank Castles [mailto:fcastles@kalispell.com] Sent: Friday, December 14, 2007 10:08 AM To: 'Mark Crowley' Subject: RE: Terrace View Estates The water service lines to the two lots are in accordance with our requirements. Frank Castles, P.E. Deputy Public Works Director/Assistant City Engineer Phone:406-758-7724 -----Original Message ----- From: Mark Crowley [mailto:mcrowley@kalispell.com] Sent: Friday, December 14, 2007 9:41 AM To: 'Frank Castles' Subject: FW: Terrace View Estates This is all done, correct? Mc From: Deb Deist [mailto:ddeist@kalispell.com] Sent: Wednesday, December 12, 2007 1:48 PM To: Mark Crowley Subject: Terrace View Estates Mark, Frank had me put a note in the file about proper water service line to Lots 1 & 2. Is that complete also? Just to make sure I'm not releasing it too soon. The letter of credit only addresses the sidewalks and a power line issue. 12/14/2007 Page 1 of 1 In- 7 From: Frank Castles [fcastles@kalispell.com] Sent: Monday, November 27, 2006 11:10 AM To: Deb Deist Subject: Updated Bond List 3 Please add in red the following note on the Terrace View Estates listing: Has not installed proper water service lines to Lots 1 and 2. These must be 3/4" service lines with each service line tapped to the water main in East California Street. Thanks, Frank Castles, P.E. Deputy Public Works Director/Assistant City Engineer City of Kalispell Public Works Department Kalispell, Montana Phone: 406-758-7724 11/27/2006