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<br />.. <br /> <br />CMIC <br /> <br />CONSTRUCTION <br />MORTGAGE <br />INVESTORS CO. <br /> <br />July 12, 1995 <br /> <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, MN 55113-1899 <br /> <br />Attn: Lon P. Aune <br /> <br />Re: Extension of Letter of Credit No. 28484-A <br /> <br />Dear Mr. Aune: <br /> <br />Construction Mortgage Investors Co. ("CMIC") hereby <br />agrees to extend Letter of Credit No. 28484-A, originally <br />dated April 21, 1994, and in the original amount of <br />$423,909.11. Said Letter of Credit No. 28484-A is <br />extended until June 2, 1996, in the reduced amount of <br />$250;000.00. <br /> <br />All other terms and conditions remain the same. <br /> <br />CONSTRUCTION MORTGAGE INVESTORS CO. <br /> <br />~~ <br /> <br />Linda Anderson <br />Ass't. Secretary <br /> <br />James E. Hurd President· Ron Allar Vice President <br />300 Morse Avenue' P.O. Box 40' Excelsior, Minnesota 55331 <br />612-470-3650 Fax 612-470-3674 <br />