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alsre=nnay aim( <br /> • „s tace . 777. <br /> June 7, 2000 <br /> LETTER OF CREDIT #453 <br /> City of Centerville <br /> 1880 Main Street <br /> Centerville, MN 55038 -9794 <br /> Dear Sirs: <br /> We hereby authorize you to draw on us from time to time up to an aggregate amount of Twenty <br /> Five Thousand Dollars and No Cents ($25,000.00) for the account of Richard S. Carlson <br /> Associates. This Letter of Credit is provided for compliance of Land Restoration for the <br /> development of Hunter's Crossing. <br /> All drafts drawn under this Letter of Credit must be endorsed hereon and must bear the clause <br /> "drawn under 21st Century Bank -North Letter of Credit #453 dated June 7, 2000." <br /> This Letter of Credit is irrevocable and we hereby agree with you that each such draft will be <br /> duly honored by us upon presentation to us at our banking office 9380 Central Avenue NE, <br /> Blaine MN, no later than June 7, 2001, when this Letter of Credit expires. <br /> Except so far as otherwise expressly stated, this Letter of Credit is subject to "Uniform Customs <br /> and Practice for Documentary Credits" as issued by the International Chamber of Commerce <br /> (1984 Revision). <br /> \Sincerely, <br /> Jaitr s W. Lindberg <br /> Ser Vice President • <br /> 9380 Central Avenue N.E. Blaine, Minnesota 55434 • (763) 767 -215T • fax (763) 783 -7140 <br /> 12301 Central Avenue N.E. Blaine, Minnesota 55434 • (763) 754 -21ST • fax (763) 755 -9186 <br /> 17635 Central Avenue N.E. Ham Lake, Minnesota 55304 • (763) 434.215T • fax (763) 434 -9598 <br />