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2008-07-21 LOC Notice of Extension 8815-0206DI10 A,lbertVille Small Town living. Big City We. 5959 Main Avenue NE P.O. Box 9 Albertville, MN 55301 July 21, 2008 Contractors Capital Corporation 1428 5`t' Ave Anoka, MN 55303 RE: Extension of Letter of Credit No. 8815-0206DI Hunters Development Hunters Pass Estates Dear Mr. Prazich: Please accept this as an official notification that the City of Albertville is giving notice to extend the Letter of Credit No. 8815-0107-DI for one (1) year in the amount of One Hundred Ninety -Five Thousand Nine Hundred Ninety -Three and 77/100 ($195,993.77). Please send acknowledgement no later than July 31, 2008. Should you have any questions, please contact me at (763) 497-3384. Sincerely, /tz-0 Tina Lannes Finance Director Cc: Mike Couri, City Attorney Minnesota Development Agency JOE HUBER 9766 Fallon Ave Suite 201 MONTICELLO, MN 55362