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2006-09-06 LOC Notice to Release 422T Via., Albc t ille &mail -resin uvin9. Ms 'U ufs. 5975 Main Avenue NE P.O. Box 9 Albertville, MN 55301 September 6, 2006 Sterns Bank NA 4191 2"d Street South St. Cloud, MN 56301 RE: Letter of Credit No. 422 Shoppes at Prairie Run Finken Water, Prairie Run Dear Daryl Wattenhoffer: Please accept this as official notification that the City of Albertville is giving notice to release the Letter of Credit No. 422 in the amount of Thirty -Five Thousand and 00/100 Dollars ($35,000.00). Should you have any questions, please contact me at (763) 497-3384. Sincerely, Tina L. Lannes Finance Director Cc: Mike Couri, City Attorney Finken Water 3423 County Road 74 P O Box 7190 St. Cloud, MN 56301