2001-10-07 LOC
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October 17, 2001
IRREVOCABLE STANDBY LETTER OF CREDIT NO. 5-99
City of .~lbertville
Attn: Linda Houghton
Box 13 1
Albertville, MN 55301
RE: SUBDIVISION IMPROVEMENTS IN THE CEDAR SOUTH 3RD ADITTION,
CITY OF ALBERTVILLE AS REGULATED BY THE DEVELOPERS
AGREEMENT
Irrevocable Letter of Credit No. 5-99 is hereby amended to extend the maturity date to
October 5, 2002.
A draft drawn under this Letter of Credit must bear on its face the words: "Drawn under
Northeast Bank Letter of Credit No.5-99, dated l'vlay 5, 1999."
All other terms and conditions of this Irrevocable Letter of Credit No. 5-99 shall remain
unchanged.
Sincerely,
^.. ... c' l~u~
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Gail T. Mikolich
Executive Vice President and Cashier