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Nonvest Bank Minnesofa, N.A. <br /> Private Banking <br /> NORM�EST BANKS 900 East Wayzata Boulevard <br /> Wayzata, Minnesota 55391 <br /> February 12th, 1996 <br /> City of Orono <br /> Attn: Finance Director <br /> P.O. Box 66 <br /> Crystal Bay, MN 55323 <br /> Re; Septic improvements at 1473 Bay Ridge Road, Orono. I hereby assign to and <br /> relinquish control of savings certificate number 4-� �'�'l � � �' ��� , in <br /> the amount of$15,000, as issued by Norwest Bank 1�linnesota, N.A. to insu e the <br /> completion of septic improvements by the Completion Date of � �1 `�� <br /> as stated in the Septic System Upgrade Agreement. Sai d savings ce rti fica te is h e l d <br /> in safekeeping by Norwest Bank Minnesota, N.A. at 900 East Wayzata Boulevard, <br /> Wayzata, MN 55391. <br /> The City of Orono may draw upon these funds at any time up to six months after <br /> the completion date specified above by providing a signed statement to Norwest <br /> Bank Minnesota, N.A. in Wayzata by an authorized official of the City of Orono, <br /> Minnesota, stating that Thomas R. McCune has failed to perform in accordance <br /> with the terms of the Septic System Upgrade Agreement with the City of Orono, <br /> Minnesota dated Z�� � ��l�- <br /> , ., , , <br /> �r!�2 :� d�'����� Date: a i��/C%C� <br /> � l../ <br /> Thomas R. McCune <br /> ` ,�� � I�z��G <br /> n.�-� t,t v,.�� Date: --( <br /> Harry Cunliffe - Private Banker <br /> Norwest Bank Minnesota,N.A. <br />