HomeMy WebLinkAboutA016 - Letter of Credit #1179 dated August 22, 1994 Irrevocable Letter of Credit #1179 DATED: August 22, 1994
City of Ames, Iowa
515 Clark
Ames, IA 50010
Attn: City Clerk
We hereby authorize the City of Ames, Iowa to draw on Firstar Bank Ames, Ames,
Iowa 50010, for the account of Donald M. Furman and Erben A. Hunziker, up to
the aggregate amount of USD $407,368.00 (Four Hundred Seven Thousand Three
Hundred Sixty-eight and 00/100 Dollars) available by your draft(s) at sight
accompanied by the following documents:
Signed statement of the Director of Public Works of the City of Ames, Iowa
that the steet construction as agreed to as condition for approval of Bentwoo_d
Subdivision First Addition, Ames, Iowa, has not been completed to meet the
plans and specifications of the City of Ames.
Each draft must state that it is "Drawn under Firstar Bank Ames Letter of Credit
No. 1179 Dated August 22, 1994. This credit and all documents specified must
accompany the draft(s).
We hereby agree that all draft(s) drawn under and in compliance with the terms of
this credit will be duly honored on delivery of documents as specified if presented at
this office in Ames, Iowa no later than October 22.,1994.__
Except as otherwise stated herein, this Letter of Credit is subject to the Uniform
Customs and Practices for Documentary Credits per I.C.C. Publications No. 290
(1974 revision) and is subject to the provision of the Commercial Code of the State
of Iowa.
Sincerely,
FIRSTAR BANK AMES
Richard M. Fischer Bruce D. Greenfield
Executive Vice President Vice President
RMF:BDG:js
r
Date
TO WHOM IT MAY CONCERN:
hereby cert..ify that I have this date
%Qs)-cd<� � I,'z 9
received from t e, City of Ames, Iowa, C�;�;;;z�
�►ems
in the amount of $ q0-7, 3006- • O O OR Surety Bond Number
issued by Company of
in the amount
of $ which check or bond was placed on file
in the Ames City Clerk's office for the development of S`}t'te���-- QprAaA1,sft-publ i c
improvements in �IE� Subdivision, City of
Ames, Iowa.
DEVELOPER
Signature
(Title)
Attest:
AMES CITY CLERK'S OFFICE
Signature
Title