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CITY OF ORONO <br />Street Address: Mailing Address: Tele <br />P.O.hone (952) 249-4b00 <br />F v j 2750 Kelley Parkway i O. Box 66 I Fax (95212494616 <br />\��KfSl1 C�F� Orono, MN 55356 Crystal Bay, MN 55323 www.ci.orono.mn.us <br />August 6, 2020 <br />Wells Fargo Bank N.A. <br />U.S. Trade Services <br />Standby Letters of Credit <br />MAC D4004-017 <br />401 Linden Street, 1st Floor <br />Winston-Salem, North Carolina 27101 <br />Re: Southways Plat -Authorization to release Letter of Credit <br />Ref.: Wells Fargo Bank; LOC No. IS000042107U; Dated May 21, 2018 <br />Please be advised that the City of Orono consents to the release of Letter of Credit (LOC) No. IS000042107U, <br />applied for by James R. Jundt and benefitting the City of Orono. <br />Attached please find the original LOC and an amendment dated November 21, 2019. These are the only originals <br />in the City's possession. <br />Please feel free to contact me at 952.249.4626 or by email atjbarnhart@ci.orono.mn.us if you have any questions <br />on the above requirements. <br />Sincerely, <br />CITY OF OROI` <br />Je y BarnhRrt, <br />Community Development Director <br />Cc: James and Mary Jundt c/o Brian Benson bkbenson@cbburnet.com <br />David Osdoba, Wells Fargo via email David.J.Osdoba@wellsfargo.com <br />