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2003-05-16 LOC Releasee lb£rtvi) )~ 5975 Main Avenue N.E. • P.O. Box 9 • Albertville, MN 55 s,~anr~wo u„i„9, sus=aw u~~. 301 • (763) 497-3384 • Fax: (763j 497-3210 ® ~;~ May 16, 2003 Mary Carter Associated Banks 740 Marquette Minneapolis, MN 55402 RE: Account #8614946-9001 Outlets of Albertville, Phase II Albertville-Factory Outlets, LL Dear Ms. Carter: N ._ . This is a follow-up to our telephone conversation earlier this week. The above- referenced letter of credit may be released immediately. Should you have any questions, please feel free to contact me. ~ ' Sincerel , ~` ~_ ~~ Linda Goeb City Administrator CC: JMJ Properties ,,~ d .,~