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4 <br />FIRST STATE BANK <br />of New Brighton <br />2299 Palmer Drive <br />New Brighton. MN 55112 <br />Phone: 612/636.4300 <br />City of Mounds View <br />Brian Hoffman <br />2401 Highway 10 <br />St, Paul, Minnesota 55110 <br />IRREVOCABLE LETTER OF CREDIT NO. 2025 <br />Gentlemen: <br />"Citadd ob 16 L Wtk" <br />December 4, 1986 <br />We hereby establish our irrevorahle. I.etter of Credit in your favor for <br />the account of Electric Equipment Service Corporation up to the aggregate <br />amount of ONE THOUSAND AND NO/100-------- $1,000.00------- DOLLARS available <br />by your draft at sight. This Letter of Credit is to guarantee proper <br />maintenance and operation of storm water holding pond and skimming weir <br />as per city standards located at 4751 Mustang Circle (Lot 1, Block 1, Mounds <br />View Industrial Park). <br />All drafts drawn must be marked "DRAWN UNDER LETTER OF CREDIT NO. 2025 DATED <br />DECEMBER 4, 1986". Drafts must be presented to our office at the First State <br />Bank of New Brighton, 2299 Palmer Drive, New Brighton,Minnesota 55112, no later <br />than December 3, 1993. This Letter of Credit by Electric Equipment Service <br />Corporation will terminate December 3, 1993. <br />We hereby agree with drawer, endorser, and bona fide holder of drafts under <br />and in compliance with the terms of this Letter of Credit that such drafts <br />will be duly honored on due presentation. <br />To the extent not in consistent with the express terms hereof, this credit <br />is subject to the Uniform Customs and Practice for documentary credits as <br />issued by the International Chamber of Commerce, 1983 Revision, Publication #400. <br />Yours truly, <br />Vice President <br />JDF:dm <br />MOUNDS VIEW OFFICE <br />2711 N.E.Iiighway#10 <br />Mounds ViMv, MN 55432 <br />SHOREVIEW OFFICE <br />3353 N. Rice Street <br />Shoreview, MN 55126 <br />MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION <br />