2004-08-31 LOC Reduction
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". A! ~~.!' ..!.'!tl L E: 5975 Main Avenue N. E. · P.O. Box 9 · Albe"v;Ue, MN 55301' (763) 497 -3384 · Fax: (763) 497-3210
August 31, 2004
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Alliance Bank
120 Town Square
444 Cedar Street
St. Paul, Minnesota 55101
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RE: Release of Letter ,pf Credit No. 6512-96
Contractor Property Developers Company
Shoppes ofTo~ne Lakes One "
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Dear Ms. Karas: .
.. Please accept this as official notification that August 16, 2004~ the Albertville City
Council moved to give notice to reduce Letter of Credit No. 6512-96 from Four Hundred
Five Thousand Six Hundred Twenty-Eight Dollars ($405',628.00) down to Two Hundred
Fifty-Five Thousand Six Hundred Dollars ($255,600.00) effective August 17, 2004.
Should you have any questiop.s, please contact me at (763) 497-3384.
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City Admmistrator
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Cc: Mike Couri, City Attorney
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Dave Hempel .
3030 Centre Pointe Drive
Suite 800
Roseville, Minnesota 55113
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