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2003-07-09 Alliance Bank Ltr LOC 6512-93 , . ,," ALLIANCE BANK July 9, 2003 City of Albertville 5975 Main Avenue N.E. P.O. Box 9 Albertville, MN 55301 Re: Contractor Property Developers Company Letter of Credit No. 6512-93 Dear Sir and or Madam: Enclosed please find the above referenced Letter of Credit issued by us for the account of Contractor Property Developers Company. If you should have any questions, please give me a call at 651-228-2376. Sincerely, JL-.L~ Jane L. Turbes Vice President Enclosure 120 TOWN SQUARE ... 444 CEDAR STREET ... ST. PA\JL MN 55101 ... (651)229-0070 ... FAX(651)229-0966