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November 25, 1980 <br /> <br />City of Ramsey <br />lq100 St. Francis Blvd. <br />Anoka, Minnesota 55303 <br /> <br />'1 <br /> <br />:1 <br /> <br />2015 3RD AVE N. · AIVOKA. MINI~ 55303 · PHO~£ 421-3830 <br /> <br />Letter of Credit #211 <br />Re: Tee A. Hennen ' <br />Pending street assessments <br />Lots 6 and 8, Block 7, Countryside <br />Es tate <br /> <br />Gentlemen: <br /> <br />We hereby issue our Irrevocable Letter of Credit #211 in your favor on <br />behalf of the above mentioned individual. This letter of credit <br />is in the amount of $3,697.24 and will be available to you at sight <br />accompanied by your statement that.you have incurred liability because <br />of non-payment of the assessments due by Jeffrey George Schmidkunz <br />and Kevin Lee Busch respectively to the City of Ramsey. This letter <br />of credit shall expire ten years from this date. <br /> <br />It is our understanding that if either of the properties are sold <br />the assessments are to be paid in full at that time and the City of <br />Ramsey will reduce this letter of credit by the amount still owing <br />for assessments on that particular property. <br /> <br />Sincerely, _ ' · <br /> <br />William B. Bunker <br />President <br /> <br />WBB:blc <br /> <br />:1 <br /> <br />I <br />I <br />I <br /> <br /> <br />