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1998-07-22 LOC Extension Recommendation e e 5975 Main Avenue N.E. P.O. Box 9 Albertville, MN 55301 (612) 497-3384 Fax: (612) 497-3210 July 22, 1998 VIA FACSIMILE Northeast Bank 77 Broadway NE Columbia Heights, MN 55413 A TTN: Peggy RE: Letter of Credit 21-96 Parkside 3rd Addition and Center Oaks Addition City of Albertville Please accept this letter as notification that the City of Albertville requires that the above- referenced letter of credit in the amount of $50,000 should be extended for the period of one year. Should you have any questions, please feel free to contact me. Sincerel)K. .....-.-y~// '---:7lc ..' . i. / . <; . I l~../,- Linda Goeb City Clerk