2006-08-23 LOC Notice of ReductionA,lbertville
Mail Town Whig. ft City tits.
5975 Main Avenue NE
P.O. Box 9
Albertville, MN 55301
August 23, 2006
Contractors Capital Corporation
1428 5th Ave
Anoka, MN 55303
RE: Release of Letter of Credit No. 8815-0806DI
Hunters Development
Hunters Pass
Dear Mr. Tollefson:
Please accept this as official notification that the Albertville City Council moved to gives
notice to reduce Letter of Credit No. 8815-0806 DI from Two Hundred Ninety -Five
Thousand Six Hundred Forty Dollars ($295,640) down to Two Hundred Twenty -Three
Thousand Seven Hundred Eighty -Eight ($223,788.00) effective August 21, 2006.
Should you have any questions, please contact me at (763) 497-3384.
Sincerely,
A /lam
Tina Lannes
Finance Director
tlannes@ci.albertville.mn.us
Cc: Mike Couri, City Attorney
Minnesota Development Agency
JOE HUBER
9766 Fallon Ave
Suite 201
MONTICELLO, MN 55362