2006-07-25 LOC Extension AmendmentSTATE BANK OF LONG LAKE
P.O. BOX 636. 1964 W. WAYZATA BLVD.
LONG LAKE, MINNESOTA 55356-0636
952/473-7347 • FAX: 952/473-0282
www.sblonglake.com
AMENDMENT (EXTENSION)
IRREVOCABLE STANDBY LETTER OF CREDIT
Date: July 25, 2006
Letter of Credit Number: 226
Account Party: State Bank of Long Lake
Beneficiary: City of Albertville
Issuance Date: August 4, 2005
Original Amount (U.S. Dollars): $9,000.00
Reduction Amount: None
Net Amount: $9,000.00
Expiration Date: August 4, 2007; this letter of credit shall automatically renew for
successive one year terms unless, at least thirty (30) days prior to the next annual renewal
date, the Bank delivers written notice to the Albertville City Administrator that it intends
to modify the terms of, or cancel, this Letter of Credit.
To: Tina L. Lannes
City Finance Director
City of Albertville
5975 Main Avenue NE, PO Box 9
Albertville, MN 55301
In conjunction with sidewalk escrow for Albertville Crossings Third Addition, our bank
issued the above mentioned Irrevocable Letter of Credit. As per the original terms and
conditions, this Letter of Credit is hereby extended to August 4, 2007. All other terms
and conditions remain unchanged and in place.
Sincerely,
Anne Kronebusch
Senior Vice President
akronebusch(-a)sblonglake.com
copy: Mike Byrne, President
Mike Couri, City Attorney
A FULL
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