2006-07-20 LOC Notice of Extension 8815-0206DIr
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Small Town �8• ft City Uf
5975 Main Avenue NE
P.O. Box 9
Albertville, MN 55301
July 20, 2006
Contractors Capital Corporation
1428 5th Ave
Anoka, MN 55303
RE: Extension of Letter of Credit No. 8815-0206DI
Hunters Development
Hunters Pass Estates
Dear Mr. Prazich:
Our records indicate that the letter of credit for this agreement is about to expire on
August, 12 2006. Therefore, accept this as an official notification that the City of
Albertville is giving notice to extend the Letter of Credit No. 8815-0206DI for one (1)
year in the amount of Two Hundred Ninety -Five Thousand Six Hundred Forty and
00/100 Dollars ($295,640.00). Please submit the new letter of credit to the City of
Albertville no later than August 7, 2006.
Should you have any questions or if the letter of credit cannot be submitted to the City of
Albertville by the set date, please contact Tina at (763) 497-3384.
Sincerely,
/l,e'�2
Tina Lannes
Finance Director
Cc: Mike Couri, City Attorney
Minnesota Development Agency
JOE HUBER
9766 Fallon Ave
Suite 201
MONTICELLO, MN 55362