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R. & R. LEASING, INC. <br /> P.O. Box 324 <br /> Hugo, Minn. 55038 <br /> (651) 426 -1345 • Fax (651) 426 -3077 <br /> August 19, 1999 <br /> Mr. Jim March <br /> City Administrator <br /> City of Centerville <br /> 1880 Main Street <br /> Centerville, MN 55038 <br /> RE: Irrevocable Letter of Credit #441 <br /> Dear Mr. March: <br /> Attached please find a copy of a letter presented to us from 21st Century Bank concerning the <br /> above matter. We request a 95% reduction of this letter of credit. Please contact my office to <br /> discuss this matter at your convenience. <br /> Thank you for your consideration concerning this issue. <br /> Sincerely, <br /> Gerald Rehbein <br /> R &R Leasing Inc. <br /> TJO <br /> Enc. <br /> An Equal Opportunity Employer <br />