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2006-01-14 LOC Notice to Release 16-01Albertville smam Town UAW sr„ c;w UN4 5975 Main Avenue NE P.O. Box 9 Albertville, MN 55301 January 4, 2006 Northeast Bank 77 Broadway N.E. Minneapolis, MN 55413 RE: Letter of Credit No. 16-01 Woodside Communities Cedar Creek South 7`h Addition Dear Ms. Mikolich Please accept this as official notification that the Albertville City Council moved to gives notice to release Letter of Credit No. 6512-98 in the amount of Seventeen Thousand Nine Hundred and 00/100 Dollars ($17,900) effective January 4, 2006 Should you have any questions, please contact me at (763) 497-3384. Sincerely, Tina L. Lannes City Finance Director Cc: Mike Couri, City Attorney Woodside Communities 13736 Johnson Street NE Ham Lake, MN 55304