2008-12-18 LOC Extension 6512-117ALLIANCE BANK
December 18, 2008
Tina Lannes
City of Alberville
5959 Main Avenue NE
Albertville MN 55301
RE: Letter of Credit 6512-117
Contractor Property Developers Co
Towne Lakes 6th Addition
Dear Ms. Lannes:
This letter is to confirm that Letter of Credit 6512-117 in the amount of $268,638.00
shall be extended for an additional year to December 20, 2009.
This letter will further confirm that the above Letter of Credit is and remains
automatically renewable for successive one year periods unless at least sixty days prior
to the expiration date we notify you, by certified mail, at the above address or such other
address that you advise us of in writing, that we elect not to extend this irrevocable
Letter of Credit for any additional period.
If you have any questions, please contact me at 651-229-2860.
Si ere,
son R. Pass
Vice President
Alliance Bank
EJJ:dra
cc: Michael Couri
55 EAST FIFTH STREET A SUITE 115 A ST. PAUL, MN 55101 A (651 ) 229-0070 A FAX (651) 229-0966
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