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2005-05-24 LOC Notice to Extend 16-01/jNbertvi l j e 5975 Main Avenue N.E. • P.O. Box 9 • Albertville, MN 55301 • (763) 497-3384 • Fax: (763) 497-3210 Smolt T.w Udny. Big City Ufa. May 24, 2005 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 an official notification that the City of Albertville is giving notice to extend the Letter of Credit No. 16-01 for one (1) year in the amount of Seventeen Thousand Nine Hundred and 00/100 Dollars ($17,900.00). Should you have any questions, please contact me at (763) 497-3384. Sincerely, Larry R. se City Administrator Cc: Mike Couri, City Attorney Woodside Communities 13736 Johnson Street NE Ham Lake, MN 55304