2003-01-29 LOC Amendment
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ALLIANCE BANK
January 29, 2003
Linda Goeb
City of Albertville
5975 Main Avenue
Albertville, Minnesota 55301
RE: Contractor Property Developers Company
Irrevocable Letter of Credit No. 6512-92
In the amount of$I,387,807.00
City of Albertville-Master Planned Unit Development Agreement
Towne Lakes
Dear Linda Goeb;
Alliance Bank hereby amends the above referenced Letter of Credit as follows:
. The maximum amount available to be drawn on the Letter of Credit shall
be reduced from the current amount of$I,387,807.00 to the amended
amount of $628,807.00.
. Each draft request shall bear the following clause:
"Drawn under Alliance Bank Letter of Credit No. 6512-92, originally
dated November 8, 2002"
All other terms and conditions of the original Irrevocable Letter of Credit shall remain in
full force and effect.
Alliance Bank
b:-------
Jm" L::is~
Vice President
120 TOWN SQUARE .. 444 CEDAR STREET .. ST. PAUL MN 55101 .. (651)229-0070 .. FAX(651)229-0966