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2006-02-24 LOC Notice of Complete Release 6512-111Albertville Small Town living. Big City Uh&. 5975 Main Avenue NE P.O. Box 9 Albertville, MN 55301 February 24, 2006 Alliance Bank 120 Town Square 444 Cedar Street St. Paul, Minnesota 55101 RE: Release of Letter of Credit No. 6512-111 Contractor Property Developers Company Towne Lakes 6 h Addition - Grading Dear Ms. Turbes: Please accept this as official notification that the City of Albertville hereby gives notice of the complete release of the Letter of Credit No. 6512-111 in the amount of Sixteen Thousand Dollars ($16,000). 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