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<br />City of Roseville <br />Krass Monroe, P.A. <br />December 13,2006 <br />Page 2 <br /> <br />the original $827,650 Letter of Credit referenced above. Since the Redeveloper is no longer <br />obligated to pay any amounts to the City pursuant to Article !II ofthe Redevelopment Contract, <br />the City may no longer draw upon the Letter of Credit. The Redeveloper hereby requests that the <br />City immediately return the original Letter of Credit for cancellation by the issuing bank. <br /> <br /> <br />/ko <br /> <br />cc via email: Paul H. Ravich <br />Daniel P. Commers <br />Mark Raneone <br />John Johannson <br />Joe Kinning @ Fullbright & Jaworski, LLP <br />Theresa A. Greenfield @ Rottlund Homes <br />