2006-01-19 LOC Notice to Reduce 6512-117A�lbcrtvillcif
5975 Main Avenue NE
P.O. Box 9
Albertville, MN 55301
January 19, 2006
Alliance Bank
120 Town Square
444 Cedar Street
St. Paul, Minnesota 55101
RE: Release of Letter of Credit No. 6512-117
Contractor Property Developers Company
Towne Lakes 6`h Addition
Dear Ms. Turbes:
Please accept this as official notification that the Albertville City Council moved to gives
notice to reduce Letter of Credit No. 6512-117 from Six Hundred Fifty -Two Thousand
Four Hundred Eight Dollars ($652,408) down to Three Hundred Twenty -Seven
Thousand Six Hundred Forty -Nine Dollars ($329,649) effective January 19, 2006.
Should you have any questions, please contact me at (763) 497-3384.
Sincerely,
Tina Lannes
Finance Director
tlannes@ci.albertville.mn.us
Cc: Mike Couri, City Attorney
Dave Hempel
3030 Centre Pointe Drive
Suite 800
Roseville, Minnesota 55113