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1991-12-27 LOC Release CITY OF ALBERTVILLE P. O. BOX 131 ALBERTVILLE, MINNESOTA 55301 PHONE: (612) 497-3384 December 27, 1991 Security Bank Northwest 701 Central Avenue East Box 110 St. Michael, MN 55376 RE: Irrevocable Letters of Credit for $46,000.00 and $10,120.00. We hereby release our Irrevocable Standby Letters of Credit #27011 and #26963 originally granted on August 15, 1988. Braun Development, Inc. has completed all of the construc- tion requirements set forth in the Developer's Agreement. City of Albertville / />7 / / , BY:.<::::"< ,/", ~ 'Vk ( Linda Houghton ,/ 0/ / { r -";' L Its: /. '> .f.,1/~ ,jl,'r! fri.'" . /?'./.\/l"