1997-02-28 LOC Reduced
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28 February 1997
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IRREVOCABLE LETTER OF CREDIT NO. 25-96
City of Albertville
Attn: Linda Houghton
Box 131
Albertville, MN 55301
RE: Subdivision Improvements in the Parkside 3rd Addition and 60th
Street Trunk Sewer Project City of Albertville as Regulated by
The Developers Agreement
Irrevocable Letter of Credit No. 25-96 is hereby reduced to 177,600.00.
A draft drawn hereunder must be presented to us at our office located at 200 Coon Rapids
Boulevard, Coon Rapids, Minnesota, no later than 2:00 p.m. on the expiration date. The
expiration date is August 14, 1997 or any extended date.
All other terms and conditions of this Letter of Credit shall remain unchanged.
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Larr(W Pi~trzak
Senior Vice President
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