1994-12-06 LOC Reduction
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5975 Main Avenue N.E.
P.O. Box 9
Albertville, MN 55301
(612) 497-3384
Fax: (612) 497-3210
December 6, 1994
Kathryn Marquette
Security Bank Northwest
701 Central Avenue East
st, Michael, MN 55376 .
RE: Letter of Credit #259705 in the amount of $116,500
Braun Development Inc.
Dear Kathy:
Please accept this letter as notification that the above
referenced letter of credit may be reduced to $29,125. All other
terms of the reduced letter of credit must remain the same.
Braun Development Inc.' s letter of credi t # 2 5 9713 in the
amount of $7,500 must remain in place unaltered.
Should you have any questions regarding the letters of credit,
please feel free to contact me.
!,Sincer~ y ,
cc: Braun_Development Inc.