2000-02-25 LOC
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Your Independent
Community Bank
February 25, 2000
77 Br'oadvvay r\J.E.
Min nea polis, f'v!H~ 55/.~ 13
612.379-8811
Fi~X 612.3623262
IRREVOCABLE LETTER OF CREDIT NO. 18-98
FD.IC.
City of Albertville
Attn: Linda Houghton
Box 131
Albertville, MN 55301
RE: SUBDIVISION IMPROVEMENTS IN THE CEDAR CREEK SOUTH, CITY OF
ALBERTVILLE AS REGULA TED BY T'HE DEVELOPERS AGREEMENT
Irrevocable Letter of Credit No. 18-98 is hereby reduced to $2,400.00.
A draft drawn hereunder must be presented taus at our office located at 200 Coon Rapids
Boulevard, Coon Rapids, Minnesota, no later than 2:00 o'clock p.m. on the expiration date. The
expiration date is August 10, 2000 or any extended date.
All other terms and conditions of this Irrevocable Letter of Credit shall remain unchanged.
Sincerely,
)
-~ \~--;~~
Gairt. Braun
Executive Vice President and Cashier