2006-05-23 LOC Notice of Extension 8815-0805DIA,lbertville
SMa Town Living. 9Eg tsar ur..
5975 Main Avenue NE
P.O. Box 9
Albertville, MN 55301
May 23, 2006
Contractors Capital Corporation
1428 5ch Ave
Anoka, MN 55303
RE: Extension of Letter of Credit No. 8815-0805DI
Hunters Development
Hunters Pass
Dear Mr. Prazich:
Our records indicate that the letter of credit for this agreement is about to expire on July
7, 2006. Therefore, accept this as an official notification that the City of Albertville is
giving notice to extend the Letter of Credit No. 8815-0705DI for one (1) year in the
amount of One Hundred Thirty -One Thousand Six Hundred Eighty and 00/100 Dollars
($131,680.00). Please submit the new letter of credit to the City of Albertville no later
than July 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,
1
Tina Lannes
Finance Director
Cc: Mike Couri, City Attorney
Minnesota Development Agency
JOE HUBER
9766 Fallon Ave
Suite 201
MONTICELLO, MN 55362