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LC Release LetterJuly 14, 2008 Mr. Thomas Johnson Vice President Bridgewater Bank 3800 American Boulevard West, Suite 100 Bloomington, MN 55431 Re: Release of Letter of Credit No. 112 Gateway North Site Plan Agreement 2006-05 Dear Mr. Johnson: According to our records, Letter of Credit #112 expired on June 30, 2008. The project has been completed to the City’s satisfaction; therefore, please find enclosed the original letter of credit and associated extensions. If you have any questions or concerns, please contact me at 952-227-1134 or by email at saljaff@ci.chanhassen.mn.us. Sincerely, CITY OF CHANHASSEN Sharmeen Al-Jaff Senior Planner SA:ktm Enclosures g:\plan\2006 planning cases\06-05 gateway north subdivision-gateway place site plan\lc release letter.doc