EXHIBIT H1
IRREVOCABLE LETTER OF CREDIT

THE _____________________________________
(Name of financial institution)

DATE: ____________________

TO: The Town of Normal

We hereby authorize you to draw from our financial institution up to an aggregate amount of _______________________ ($_____________________________) United States Dollars (amount of security required) from the account of ____________________________ (name of developer) in connection with ______________________________ (name of the subdivision).

This Letter of Credit is available to you upon your presentation of a request for payment, accompanied by a signed statement by the Engineer of the Town of Normal that ____________ ______________________(name of developer) has failed to complete the required construction of on- or off-site public improvements for the ____________________________ Subdivision in accordance with the Town's Subdivision Code and the Subdivider's Final Plat Public Improvement Payment, Performance and Workmanship Bond dated the _______ day of _____________, 20____.

We hereby agree to honor each draft drawn under and in compliance with the terms of this letter, if and when duly presented at this office in _______________________, Illinois, until the expiration of one year after the approval and acceptance by the Town of all subdivision improvements within said subdivision, or until such later date as any written claim by the Town against the subdivider or his financial institution is finally resolved.

	________________________________
	BY:
ATTEST:	________________________________
	Its ______________________________
_____________________________________
Its ___________________________________