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2007-08-03 Final Plat Larkin Ho.om~ Larkin Hoffman Daly & Lindgren Ltd. 1500 Wells Fargo Plaza 7900 Xerxes Avenue South Minneapolis, Minnesota 55431-1194 GENERt\L.: 952-835-3800 FAX: 952-896-3333 WEB: www.larkinhoffman.com August 3,2007 Bridget Miller City Clerk City of Albertville 5959 Main Ave NE PO Box 9 Albertville, MN 55301 HAND DELIVERED Re: City of Albertville/Albertville Marketplace Final Plat Dear Ms. Miller: We represent Albertville Marketplace, LLC, the developer of Albertville Marketplace. Enclosed, per city attorney Mike Couri's instruction letter to us dated July 25, 2007, attached hereto (the "Instruction Letter"), please find the following documents for the city's review and, where applicable, execution: 1. Letter of Credit in the amount of $723,250.00 from Vermillion State Bank; 2. Check No. 9330 in the amount of$9,628.00 issued to the city, check No. 9331 in the amount of$10,445.75 issued to the City, and check No. 9334 in the amount of $47,560.00 issued to the City for water trunk line fee, administrative fee, and park dedication fees respectively; 3. Official plat mylar and 2 copies of the plat mylar of Albertville Marketplace (the "Plat") executed on behalf of Albertville Marketplace, LLC and Westwood Engineering with attached Consent of Vermillion State Bank (the "Bank"); 4. Quitclaim Deed of Outlot B, Albertville Marketplace to City of Albertville; 5. Quitclaim Deed of Outlots A and C, Albertville Marketplace, to Albertville Marketplace Association, Inc.; 6. Two originals of City of Albertville Planned Unit Development/Conditional Use Agreement Albertville Marketplace (the "Development Agreement") executed on behalf of Albertville Marketplace, LLC (one with attached original Consent of the Bank); 7. Certified copy of Articles of Incorporation of Albertville Marketplace Association, Inc.; 8. Copy of Bylaws of Albertville Marketplace Association, Inc.; Bridget Miller August 3, 2007 Page 2 9. Copies of Minutes of Action in Lieu of First Meeting of Board of Directors of Albertville Marketplace Association, Inc.; 10. Copies of Minutes of Action of Organizational Meeting of Incorporator of Albertville Marketplace Association, Inc.; 11. Fully executed original Declaration of Covenants, Conditions, Restrictions and Easements of Albertville Marketplace (with attached Consent ofthe Bank); 12. Fully executed original Temporary Easement in favor of Albertville Marketplace, LLC; and 13. Partial Release of Mortgage releasing Outlots A, B and C, Albertville Marketplace, executed on behalf of the Bank. Please review these documents and obtain the signature on behalf of the City on the Plat and the Development Agreement as soon as possible. Please contact me immediately upon execution so that we may deliver the Plat and other documents to be recorded to Wright County for its respective signatures and for recording per the Instruction Letter. Please contact me should you have any questions. Thank you for your cooperation in this matter. ly, ~ N. Boe, for n Hoffman Daly & Lindgren Ltd. Enclosures cc: Philip Morris Linda Fisher Mike Couri George Daniels 1147068.\