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T. ; <br />OF ST. I.O1'IS PAR • 5353 N AI ZA'I A III. U. %1INN F.U'OHS. %II%\FSOI A S."16 • 1I10\F. 544- 544 <br />September 3, 1983 <br />City of Orono <br />P.O. Box 66 <br />Crystal Bay, Minnesota 55323 <br />RE: Letter of Credit No. 1137 <br />Gentlemen: <br />We do hereby issue our Letter of Credit No. 1137 in your favor for the <br />account of John Massopust and Edward W. Brehm 1II, in regard to <br />stronghold subdivision 420 Brown Road South, Orono, Minnesota in <br />the amount of $25, 500.00. <br />The purpose of this Letter of Credit is to guarantee construction of the <br />road to qualify to the City of Orono standards. Any drafts presented for <br />payment under this Letter of Credit must be postmarked no later than <br />November 2, 1983, which is the expiration date of this Letter of Credit. <br />Very truly yours, <br />PARK NATIONAL BANK <br />Cynthia R . Darling <br />Vice President <br />CRD : of <br />kv <br />*--=gum <br />EM <br />dim /•,�� �! <br />I <br />