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1997-10-28 LOC Reduction /l' e) e~\ }~ ~SaJ MEMORANDUM o ST. PAUL, MN o MINNEAPOLIS, MN . ST. CLOUD, MN 0 CHIPPEWA FALLS, WI 0 MADISON, WI o LAKE COUNTY, IN TO: Linda Houghton City Clerk Albertville, Minnesota FROM: Peter J. Carlson, P.E. City Engineer DATE: October 28, 1997 RE: Letter of Credit Reduction Fairfield Addition SEH No. A-ALBEV 9708.00 I have reviewed the pay application for work completed through October 16, 1997 and recommend the letter of credit be reduced to no less than $25,000. djg J. IALBEV\9708\CORR \OC-28A.97 An Affirmative Action, Equal Opportunity Employer