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1993-11-16 LOC Reduction e 5964 Main A venue N.E. P.O. Box 131 Albertville, MN 55301-0131 (612) 497-3384 Fax: (612) 497-3210 November 16, 1993 Tim N. Golie Asst. Vice President Builders Development & Finance, Inc. 3200 Main street, Suite 210 Coon Rapids, MN 55448 Re: Letter of Credit #12009 Kenco Construction, Inc., Account Holder Dear Mr. Golie: Please accept this letter as notification that the Letter of Credit #12009, dated September 16, 1993, in the amount of $556,706.00 may be reduced by $81,838.19. The letter of credit will now be in the total amount of $474,867.81. Should you have any questions, please feel free to contact me. Sincerely, Linda Houghton City Clerk cc: Kenco Construction, Inc. e 5964 Main Avenue N.E. P.O. Box 131 Albertville, MN 55301-0131 (612) 497-3384 Fax: (612) 497-3210 November 16, 1993 Tim N. Golie Asst. Vice President Builders Development & Finance, Inc. 3200 Main street, suite 210 Coon Rapids, MN 55448 Re: Letter of Credit #12010 Renco Construction, Inc., Account Holder Dear Mr. Golie: Please accept this letter as notification that the Letter of Credit #12010, dated September 16, 1993, in the amount of $29,400.00 may be reduced by $5,184.00. The letter of credit will now be in the total amount of $24,216.00~ Should you have any questions, please feel free to contact me. Sincerely, Linda Houghton City Clerk cc: Renco Construction, Inc.