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2011-11-01 LOC Notice to Extend 20703950A,lbertAII-E Small Town Uving. 819 City Ufa. 5959 Main Avenue NE P.O. Box 9 Albertville, MN 55301 November 1, 2011 Starion Financial 2754 Brandt Dr. S Fargo, ND 58103 RE: Letter of Credit No. 20703950 Kilber Section 36, LLC Towne Lakes 6th Addition Dear Debra Eiseman: Please accept this as official notification that the Albertville City Council moved to gives notice to extend Letter of Credit No. 20703950 for one year in the amount of One Hundred Seventy -One Thousand Seven Hundred Thirty -Three and 50/100 Dollars ($171,733.50). Please acknowledge no later than November 20, 2011. Should you have any questions, please contact me at (763) 497-3384. Sincerely, Tina Lannes Finance Director tlannes@ci.albertville.mn.us CC: Kilber Section 36, LLC 501 E Main Ave Bismarck, ND 58051