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City of <br /> Pequot <br /> Lakes — - <br /> July 17, 2015 <br /> Crow Wing County Highway Dept. <br /> Tim Bray,County Engineer <br /> 16589 County Road 142 <br /> Brainerd, MN 56401 <br /> Re: Turnback funding from County to Pequot Lakes City for CR 112 and CSAH 11 <br /> Dear Tim: <br /> According to the Memorandum of Agreement recently signed by the City of Pequot Lakes and Crow <br /> Wing County,the County has agreed to pay the City a sum of money for accepting portions of CR 112 <br /> and CSAH 11 from the County.The funding amounts agreed upon are: <br /> • CSAH 11-$659,000 <br /> • CR 112-$893,000 <br /> I understand that the County will be drafting a cooperative construction agreement that will address the <br /> timing for the exchange of money from the County to the City. <br /> The City of Pequot Lakes will be proactive in preparing for the acceptance of the road turnbacks.We <br /> have reviewed our needs and feel it necessary to fund equipment and building additions prior to <br /> receiving the roadway turnbacks.Therefore,we are requesting the County to consider giving the City <br /> 50%of the funds from CSAH 11 and CR 112 in the amount of$776,000 by June 1, 2017. <br /> If you have further questions, contact me or Sandy Peine.Thank you for your consideration of this <br /> request. <br /> Sincerely, <br /> 110 <br /> David Sjoblad, Mayo <br /> City of Pequot Lakes <br /> 4638 Cote ROAD 11 •PFQIIOT LAKES,MN 56472• (218) 568-5222 • FAX: (218) 568-5860 •www.pequotlakes-mn.gov <br />