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2009-12-10 LOC Notice to ExtendA,lbertville Small Town Uving. Big City Ufa. 5959 Main Avenue NE P.O. Box 9 Albertville, MN 55301 December 10, 2009 Alliance Bank 55 East Fifth Street Suite 115 St. Paul, Minnesota 55101 RE: 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). Please acknowledge no later than December 13, 2009. 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