EXHIBIT J1

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 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 the developer) has failed to complete the required construction of the adjacent substandard roadway improvement guarantee for the _______________________ Subdivision in accordance with the Town's Subdivision Code and the Subdivider's Adjacent Substandardized Roadway Improvement 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 adjacent to 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:
______________________________
	Its ___________________________
ATTEST:
____________________________________
Its __________________________________