2003-01-21 LOC
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January 21, 2003
IRREVOCABLE STANDBY LETTER OF CREDIT NO. 7-99
City of Albertville
Attn: Linda Goeb
PO Box 9 Albertville, MN 55301
RE: SUBDIVISION IMPROVEMENTS IN THE CEDAR CREEK NORTH, CITY
OF ALBERTVILLE AS REGULATED BY THE DEVELOPERS AGREEMENT
Irrevocable Letter of Credit No. 7-99 is hereby amended to extend the maturity date to
July 1, 2003.
A draft drawn under this Letter of Credit must bear on its face the words: "Drawn under
Northeast Bank Letter of Credit No.7-99, dated June 9, 2000."
All other terms and conditions of this Irrevocable Letter of Credit No.7 -99 shall remain
unchanged.
If you have any questions please feel free to contact Larry Crane at 763-792-3216
regarding this matter.
Sincerely,
~c.<:::L I ~L~
Gail T. Mikolich
Executive Vice President and Chief Operating Officer
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