city-of-long-lake-city-council-meeting-agenda-september-16-2025_31b.pdf
City Releases Zvago LOC Funds to Ecumen
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Description
The City of Long Lake approved a disbursement to Ecumen releasing $184,225 from the Zvago development cash letter of credit while retaining $8,000 as a maintenance bond in escrow for 24 months. This follows Council’s September 2, 2025 approval of final site improvements.
Contract Details
Contract Amount
$184,225.00 (refund) with $8,000 retained as maintenance bond
Vendor
ECUMEN
Agency
City of Long Lake, MN
Contract Type
OTHER
Document Date
September 16, 2025
Contract Term
24 months maintenance bond period
Renewal Info
$8,000 remains in escrow as a maintenance bond for 24 months following final acceptance of improvements; bond expires at end of this period unless otherwise extended.
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