1997-02-05 LOC 282
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5975 Main Avenue N.E.
P.O. Box 9
Albertville, MN 55301
(612) 497-3384
Fax: (612) 497-3210
November 5, 1997
Tom Lindquist, Vice President
First National Bank of Monticello
407 Pine street
P.O. Box 239
Monticello, MN 55362
RE: Letter of Credit No. 282
Fairfield Addition
Dear Mr. Lindquist:
Please accept this letter as official notification that the
Letter of Credit'282infavor..of the City of Albertville for. the
account of ,Little Mountain Development LLC and Floyd B. Roden may
be reduced by $75,000.00. The remaining letter of credit should be
in the amount of $25,000.00.
The revised Letter of Credit should bear the same terms and
conditions as stated in the original document in regards to
expiration date, automatic renewal and method of withdrawal.
Should you have any questions, please feel free to contact me.
Linda Houghton
City Clerk-Treasurer
cc: Little Mountain Development, LLC
Floyd B. Roden