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An independent project organizing public records from the City of Nowthen, Minnesota. Not an official city site. Documents and votes are sourced from cityofnowthen.gov; interpretations are AI-extracted and may need correction.

Home/Money/Clusters/$69,000

Cluster · other · no year

$69,000

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Recommended reduced Letter of Credit amount for Toft First Addition development.

Not promoted to the official baseline.

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1docs

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Date range

2022-12-13 — 2022-12-13

Every document that mentions this number (1)

Meeting City Council Meeting — Agenda Packet (2022-12-13)Dec 13, 2022p.13raw: $69,000.00
PDF →Auto-extracted
Recommended reduced Letter of Credit amount for Toft First Addition development.
The City Council has previously approved the Toft First Addition Development and has entered into a Developer's Agreement with the applicant. As a condition of the Developer's Agreement, the Developer may request reductions of the financial security as work is completed. Our city engineer has reviewed the project and recommends that the financial security (Letter of Credit) may be reduced at this time to $69,000.00
Reasoning: Explicitly stated as the recommended reduced financial security amount.