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HomeMy WebLinkAboutA029 - Irrevocable Letter of Credit No. 1170 - $10,400 IRREVOCABLE LETTER OF CREDIT NO. 1170 DATED: December 1, 1993 City of Ames, Iowa 515 Clark Ames, IA 50010 Attn: City Clerk We hereby authorize the City of Ames, Iowa to draw on the Firstar Bank Ames, Ames, Iowa 50010, for the account of E. Kent Cooper, Joan E. Cooper, Gregory Kevin Cooper and Wendie Cooper, up to the aggregate amount of USD $10,400.00 (Ten Thousand, Four Hundred) 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 street constructions and paving, and other improvements as agreed to as condition for approval of the final plat of Coopers II Subdivision, have not been completed to meet the plans and specifications of the City of Ames before November 15, 1993. Each draft must state that it is "Drawn under Firstar Bank, Letter of Credit No 1170 Dated December 1, 1993. 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 June 1, 1994. FIRSTAR BANK AMES Ames, Iowa Richard M. Fischer Executive Vice President John T. Russell I Vice President