1997-08-19 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
August 19, 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 #282 in favor of the City of Albertville for the
account of Little Mountain Development LLC and Floyd B. Roden may
be reduced by $171,229.90. The remaining letter of credit should
be in the amount of $107,440.35.
The revised Letter of Credit should bear the same terms and
condi tions 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.
cc: Little Mountain Development, LLC
Floyd B. Roden