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515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766-4029 / FAX: (651) 766-4048 <br />www.littlecanadamn.org <br />MAYOR <br />Tom Fischer <br />COUNCIL <br />Chris Kwapick <br />Teresa Miller <br />Amanda Gutierrez <br />Dave Miller <br />November 29, 2023 <br />Tradition Capital Bank <br />100 Village Center Drive, Suite 101 <br />North Oaks, MN 55127 <br />Re:Irrevocable Letter of Credit #1376 <br />Landmark of Little Canada, LLC <br />Gervais Woods 2nd Addition <br />Dear Tradition Capital Bank: <br />Pursuant to the terms of the development agreement the City of Little Canada has with Landmark of <br />Little Canada, LLC, you are hereby authorized to reduce the above referenced Letter of Credit by <br />$21,250. This would leave a balance on the LOC of $0 after application of this reduction. <br />Please issue an amendment to the LOC reflecting the lower value and keeping all other terms and <br />conditions the same. <br />If you have any comments or questions after reviewing this letter, or should you need further <br />documentation, please let me know. <br />Sincerely, <br />Christopher Heineman <br />City Administrator <br />cc: Nathan Fair, Jonathan Homes