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SCHEDULE F <br />IRREVOCABLE LETTER OF CREDIT NO. <br />TO: City of <br />We hereby Issue an Irrevocable stand-by Letter of Credit No. In <br />favor of the City of , Minnesota (the "City'9, for account of <br />(the "Redeveloper" ), which Is available by negotiation of <br />C(ty's draft at sight on or before the day of , 19_1 for <br />100% of statement value, up iu an amount not to exceed <br />Dollar;, arcompanied by a written <br />statement, substantially in the form of the wrlttea statement attached hereto as <br />Exhibit A, executed by the of the City or Ito designee, <br />bee -Ping the number of this Letter of Credit and stating that the amount of the <br />Clty's draft covers the Indebtedness of the Redeveloper to the City provided for in <br />Section 4.6, of the Contract For Private Redevelopment by and between the City <br />of and dated as of the day <br />of , 19_, as amended. <br />We hereby agree with the City that all drafts drawn under and in substantial <br />compliance with the terms of this credit will be duly honored on presentation. <br />This credit shall be constnied in accordance with the laws of the State of <br />Minnesota Including, In particular, Minnesota Statutes, Sections 336.5-101 to 336.5- <br />117 (Uniform Commerclal Code, Article 5, Letters of Credit). <br />By <br />Its <br />F-1 <br />