2004-02-04 LOC Amendment
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ALLIANCE BANK
February 4, 2004
City of Albertville
5975 Main Avenue
Albertville, MN 55301
A TTN: Larry R Kruse
RE: Irrevocable Letter of Credit No. 6512-95
In the amount of $1,345,400.00
For the account of Contractor Property Developers Company
In reference to Towne Lakes Third Addition
Dear Sir or Madam;
Alliance Bank hereby amends the above referenced Letter of Credit as! follows:
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· The aggregate amount of this Letter of Credit shall be reduced from the current
amount of $1 ,345,400.00 to an amended amount of $579,OOO.~0
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Except as otherwise expressly stated herein, all other terms and conditions of the original
Letter of Credi~ shall remain in full force and effect.
Alliance Bank
V[U~\~ \\" . ~\?0
Vice President
120 TOWN SQUARE 1< 444 CEDAR STREET '" ST. P.AUL MN 55101 ... (65J)229-0070 ... FAX(65J)229-0966