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June 20, <br />Page Two <br /> <br />1989 <br /> <br />The develop£r comply with all the requirements listed in this <br />letter and obtain variances for Lots 5 and ¢, Bloc)[ 1. <br /> <br />The developer post the required bond or escrow and enter into <br />a developer's agreement to complete the improvements. We have <br />estimated the cost of improvements to bt $49,900. The bon~ <br />or escrow is 125 percent of the estimated cost or $62,~75. <br /> <br />The developer pays the park dedication fee as required by City <br />Code. <br /> <br />If you have any questions, feel free to let us know. <br /> <br />Sincerely, <br /> <br />HAKANSON A/~DERSON ASSOCIATES, INC. <br /> <br />Pa~er R.rRaatikka, P.E. <br /> <br />/ckl <br /> <br />cc: <br /> <br />Councilmembers <br />Dave Hartley, City Admin. <br />Mark Banwart, Comm. Dev. Dir. <br />Gerald Bauer <br />Jeff Caine, Caine & Associates <br />Land Su-~veyors, Inc. <br /> <br />File: P3.2:!5-$2 <br /> <br /> <br />