2001-10-17 LOC
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October 17,2001
IRREVOCABLE STANDBY LETTER OF CREDIT NO. 7-99
City of Albertville
Attn: Linda Houghton
Box 13 1
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
October 1, 2002.
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.
Sincerely,
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Gail T. Mikolich
Executive Vice President and Cashier