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2006-11-27 LOC Notice to Extend 6512-117A,bertville Small Town Uving. Big City Ufa. 5975 Main Avenue NE P.O. Box 9 Albertville, MN 55301 November 27, 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 Mr. Edwards: Please accept this as official notification that the Albertville City Council moved to gives notice to extend Letter of Credit No. 6512-117 for one year in the amount of Two Hundred Sixty -Eight Six Hundred Thirty -Eight Dollars ($268,638) effective November 20, 2006. Please acknowledge. Should you have any questions, please contact me at (763) 497-3384. Sincerely, Tina Lannes Finance Director tlannes@ci.albertville.nm.us Cc: Mike Couri, City Attorney Dave Hempel 3030 Centre Pointe Drive Suite 800 Roseville, Minnesota 55113