5.f) Release of Financial Guarantee Old Marine Estates Meeting Date: 7/19/2011
Agenda Item: �, � �
�
City Councii Agenda Report
City of Scandia
14727 209th St.North, P.O. Box 128
Scandia, MN 55073 (651)433-2274
ACtion Requested: Approve the completion of the development agreement with John and
Sandra Swanson for a minor subdivision, final plat to create three lots
at 11980 Lakamaga Trail,to be known as "Old Marine Estates"and
release the letter of credit for$5,300.00
Deadline/ Timeline: N/A
Background: • The Development Agreement for Old Marine Estates required the
Developer to submit a financial guarantee in the form of a letter of
credit for the tree maintenance and removal of the barn in the total
amount of$5,300.00.
• The pine tree plantation maintenance has occurred and is ongoing as
the trees increase in size with age.
• The barn has been removed.
• The driveway was installed along with the rain gardens. The
Watershed District permit has been fulfilled.
Recommendation: I recommend that the Council approve the release of the letter of credit
and finalize the agreement between the City of Scandia and John and
Sandra Swanson.
Attachments/ N/A
Materials provided:
Contact(s): John Swanson, 651-433-5674
Prepared by: Steve Thorp, Scandia Code Official
(old marine estates final 7-20I 1)
Page 1 of 1
07/15/11