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EXHIBIT `B" TO SUBDIVISION AGREEMENT <br />R&R Leasing, Inc. <br />IRREVOCABLE LETTER OF CREDIT OR BOND <br />No. <br />Date: <br />TO: City of Centerville <br />1880 Main Street <br />Centerville, MN 55038 <br />Dear Sir or Madam: <br />We hereby issue, for the account of R&R Leasing, Inc., a Minnesota Limited Liability <br />Company, and in your favor, our bond in the amount of $810,039.62 (= $540,026.41 x 150%). <br />Version 08/20/2021 for Council packet Page 25 <br />