HomeMy WebLinkAboutA022 - Letter dated March 21, 2000 regarding Letter of Credit #0002 - $640,000 Sr FIRST
NATIONAL
BANK AMES
March 21, 2000
IRREVOCABLE LETTER OF CREDIT#0002 — _ &
RE: Dauntless Subdivision, 4th Addition- Street Improvements
CITY OF AMES
515 Clark
Ames, Iowa 50010
RE: Terra Firma, L.P.
207 Stanton Avenue
Ames, Iowa 50014
Gentlemen:
We hereby open our Irrevocable Letter of Credit#0002 in favor of:
CITY OF AMES
515 Clark
Ames, Iowa 50010
For the account of: TERRA FIRMA, L.P.
207 Stanton Avenue
Ames, Iowa 50014
In the amount of$640,000.00 U.S. Dollars. Irrevocable Letter of Credit#0002 will expire on June 30, 2000.
Drafts for payment must be accompanied by the following:
1. Copies of all invoices which have remained unpaid for 60 days from invoice date.
2. Beneficiary's signed statement indicating that the invoices are unpaid.
3. Copy of this Irrevocable Letter of Credit#0002.
Partial payments are permitted.
We hereby agree that drafts drawn under and in compliance with the terms of-this getter of-Credit wiii-uo duly
honored.
This letter of credit is subject to the Uniform Customs and Practices for Commercial Documentary Credits
(1983) Revision, International Chamber of Commerce Publication #400.
Sincerely,
Atir "bv
. GLU*V�—
Thomas H. Pohlman TO FORM
President
R. aus
city ey
MAIN OFFICE UNIVERSITY OFFICE CUB FOODS OFFICE NORTH GRAND OFFICE
5th&Burnett PO Box 607 Ames,IA 50010 2330 Lincoln Way Ames,IA 50014 3121 Grand Ames,IA 50010 2406 Grand Ames,IA 50010
515-232-5561 FAX 515-232-5778 515-292-6157 515-233-3363 515-233-2400
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