2019-01-09 LOC Notice of Reduction 162 lb�rtvi �
Smoll Town Uving.Big City Ufs.
5975 Main Avenue NE
P.O. Box 9
Albertville, MN 55301
January 9,2019
Sentry Bank
400 4`�Ave NE
St. Joseph,MN 56374
RE: Reduction in Letter of Credit number 162
Hunters Lake Addition
Douglas A Carlson Development
Dear Mr. Brandt:
Please accept this as official notification that the Albertville City Council moved to give
notice to reduce Letter of Credit No. 162 from Three Hundred Eighty-Eight Thousand
Eight Hundred Dollars ($388,800) down to One Hundred Forty-Nine Thousand Two
Hundred Sixty Dollars ($149,260) effective January 7, 2019.
Should you have any questions, please contact me at (763)497-3384.
Sincerely,
� ���'I �-
Tina Lannes
Finance Director
tlannes @ ci.albertville.mn.us
Cc: Mike Couri, City Attorney
Douglas A Carlson Development
104 Fairway Ave
Cold Springs, MN 56320