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2002-10-25 LOC Reduction e) e) 5975 Main Avenue N.E. P.O. Box 9 ' Albertville, MN 55301 (763) 497-3384 Fax: (763) 497-3210 October 25, 2002 Highland Bank Attn: Todd Peterson 701 Central Avenue East St. Michael, MN 55376 CbA))-- RE: Leuer-Munstertieger Properties, mc, Letter of Credit # 18788503 Heuring Meadows To Whom It May Concern: Please accept this letter as verification that the above-referenced Letter of Credit may be reduced $41,500.00 from its present balance effective immediately, Should you have need any further information, please call me. Sincerely, Linda qoe6 Linda Goeb City Administrator cc: Leuer-Munstertieger Properties Scott Dahlke