HomeMy WebLinkAboutA041 - Letter dated October 10, 2001 releasing letter of credit #0003 - $50,400 with copy of letter of credit and receipt - ' City Clerk's Office
515 Clark Avenue, P. O. Box 811
Ames,IA 50010
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October 10, 2001
Mr. David Keller
Terra Firma, Inc.
207 Stanton
Ames, Iowa 50014
RE: Dauntless Subdivision, 4th Addition
Dear Mr. Keller:
At their meeting of October 9, 2001, the Ames City Council accepted completion of the street
lights for Dauntless Subdivision, 4th Addition, and authorized releasing the security being held
therefor. The Letter of Credit#0003 in the amount of$50,400 is enclosed.
If you have any questions, please contact me. Thank you for your assistance in this matter.
Sincerely,
Diane R. Voss
City Clerk
/dry
Copy to: Thomas H. Pohlman, First National Bank
ST FIRST
NATIONAL
BANK AMES
Locally owned...working for you since 1903.
March 21, 2000
IRREVOCABLE LETTER OF CREDIT#0003
RE: Dauntless Subdivision, 4"' Addition— Street Lighting
CITY OF AMES
515 Clark
Ames, IA 50010
PE: Terra Firma, L.P.
207 Stanton Avenue
Ames, IA 50014
Gentlemen:
We hereby open our Irrevocable Letter of Credit#0003 in favor of:
CITY OF AMES
515 Clark
Ames, IA 50010
For the account of.
TERRA FIRMA, L.P.
207 Stanton Avenue
Ames, IA 50014
in the amount of $50,400.00 U.S. Dollars. Irrevocable Letter of Credit #0003 will expire on
March 21, 2001.
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#0003.
Partial payments are permitted.
We hereby agree that drafts drawn under and in compliance with the terms of this Letter of
Credit will be 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,
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Thomas H. Pohlman
President —
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
Gly Clerk's Office
1 515 Clark Avenue,P. O.Box 811
Ames,IA 50010
cirri„g People Phone: 515-239-5105
QualityProgr°rns
Exceptional service Fax: 515-239-5142
March 24, 2000
TO WHOM_IT_MAY CONCERN;__
I, Diane R. Voss, hereby certify that I have this date received from Franklin Feilmeyer, Attorney at
Law, on behalf of Terra Firma, L. P., Letters of Credit in the amount of$640,000,000 and $50,400,
for street improvements and street lights, respectively.
Said instruments have been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of public improvements in the Dauntless Subdivision, 4th Addition.
By: ra no, f� -
Diane R. Voss
Title: City Clerk