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2008-07-21 LOC Notice of Extension 423 (455)A,lbertville Small Town living. Big Grey life. 5959 Main Avenue NE P.O. Box 9 Albertville, MN 55301 July 21, 2008 Sterns Bank NA 4191 2"d Street South St. Cloud, MN 56301 RE: Letter of Credit No. 423 4 sr) Shoppes at Prairie Run Finken Water, Prairie Run Dear Daryl Wattenhoffer: Please accept this as an official notification that the City of Albertville is giving notice to extend the Letter of Credit No. 423 for one (1) year in the amount of Fifty -Two Thousand Five Hundred Fifty Dollars and No/100 ($52,500.00). Please send acknowledgement no later than July 31, 2008. Should you have any questions, please contact me at (763) 497-3384, fax (763)497-3210. Sincerely, Tina L. Lannes Finance Director Cc: Mike Couri, City Attorney Finken Water 3423 County Road 74 P0Box 7190 St. Cloud, MN 56301