2000-08-22 LOC
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August 22, 2000
City of Albertville
Attn: Linda
Box 13 1
Albertville, MN 55301
RE: Irrevocable Letter of Credit #5-99
1999 Cedar Creek South 3 rd Addition
Pilot Land Development Company
Irrevocable Letter of Credit No. 5-99 is hereby amended to reduce the amount from $66,500.00
to $48,400.00.
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 May 05, 1999."
All other terms and conditions of Irrevocable Letter of Credit No. 5-99 shall remain unchanged.
Sincerely,
NORTHEAST BANK
Gal . Braun
Executive Vice President and Cashier
GTB:lws
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May 11,2000
IRREVOCABLE LETTER OF CREDIT NO. 5-99
City of Albertville
Attn: Linda Houghton
Box 13 1
Albertville, 11l'J 55301
RE: SUBDIVISION IMPROVEMENTS IN THE CEDAR CREEK SOlJTH 3RD
ADDITION, 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 May 5,
2001.
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 May 5, 1999."
All other terms and conditions of this Irrevocable Letter of Credit No. 5-99 shall remain
unchanged.
Sincerely,
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Gall T. Braun
Executive Vice President and Cashier