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2004-10-27 LOC Reduction ~ SEH MEMORANDUM TO: Larry Kruse Albertville City Administrator ~ Moberg Project Manager FROM: DATE: October 27, 2004 RE: Albertville, MN Towne Lakes 5th Addition Letter of Credit Reduction SEHNo. A-ALBEV04l7.00 r have reviewed the request to reduce the Letter of Credit and have reviewed the work completed to date. r recommend that the Letter of Credit be reduced to no less than $1,205,850. Please call me at 651.490.2147 if you have questions. nm c: Mike Couri, City Attorney Dave Hempel, CPDC x:\aelalbevlconunonI041700lkruseI02704.doc Short Elliott Hendrickson Inc., 3535 Vadnais Center Drive, 51. Paul, MN 55110-5196 5EH is an equal opportunity employer I www.sehinc.com I 651.490.2000 I 800.325.2055 I 651.490.2150 fax