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G ARANT 1 STATE BANK (»p SAINT PAUL <br />2475 W[.-.7 St vi r."11-1 MINI U 501A 55116 <br />612 C990 7 <br />IRREVOCABLE LETTER OF CREDIT NUMBER 0212 <br />November 30, 1978 <br />Village of Little Canada <br />400 Little Canada Road <br />Little Canada, Minnesota 55117 <br />RE: GERVAIS SHORES ASSOCIATES <br />Gentlemen: <br />We hereby authorize you to value on ourselves, at sight, an amount not <br />to exceed FIVE THOUSAND AND N0 /100 DOLLARS ($5,000.00) for the account <br />of Gervais Shores Associates, 93 West Little Canada Road, Little Canada, <br />Minnesota 55117. <br />These funds are available to cover any blacktop improvements which may <br />be necessary on Diana Lane. <br />We hereby agree with the drawers, endorsers and bona fide holders of <br />drafts drawn under and in compliance with terms of this letter of credit <br />that the same shall be duly honored upon presentation at the Guaranty <br />State Bank of Saint Paul if drawn and negotiated on or before June 15, <br />1979. <br />Yours truly, <br />/ hair Jensen <br />President <br />• HJJ /ljj <br />()ROWING ... because cue help <br />`a 1 <br />��1 <br />others to �,'IT)il• ?3 �v9a. <br />DEC 1 1978 <br />CITY OF <br />LITTLE CANADA <br />I <br />UAR ANTYI <br />! <br />A NI K I <br />