HomeMy WebLinkAboutA013 - Letter of Credit #9914 dated February 22, 2000 - $103,000 ST FIRST
NATIONAL
BANK AMES
Locally owned...working for you since 1903.
February 22, 2000
IRREVOCABLE LETTER OF CREDIT#9914 RE: Dayton Park-3rd Addition—Street Improvements
CITY OF AMES n
515 Clark L4
Ames, Iowa 50010
RE: Dayton Park, LLC FEB 2 2 2000
105 South 16th Street CITY C ARK
Ames, Iowa 50010 CITY OF AN, IOWA r �"
Gentlemen:
We hereby open our Irrevocable Letter of Credit#9914 in favor of: �\
CITY OF AMES
515 Clark
Ames, Iowa 50010
For the account of: Dayton Park, LLC
105 South 16tt' Street
Ames, Iowa 50010
In the amount of$103,000.00 U.S. Dollars. Irrevocable Letter of Credit#9914 will expire on December 31,
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#9914.
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,
A*W� .
964-w,
Thomas H. Pohlman << ROVED As TO FORM
resident r1 r
00 � 1 O '� 1ohn R. K
r^, � Y ) - City Attornev
MAIN OFFICE UNIVERSITY OFFICE CUB FOODS OFFICE NORTH GRAND OFFICE
5th&Burnett PO Box 607 Ames,IA 500 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
www.FNBames.com
City Clerk's Office
515 Clark Avenue,P.O.Box 811
faring People Ames,IA 50010
Quality ProgTam Phone: 515-239-5105
F-wep(ionnl.lervirr
Fax: 515-239-5142
February 17, 2000
TO WHOM IT MAY CONCERN:
I,Jill L. Ripperger,hereby certify that I have this date received from Deborah Krauth, a letter of credit
in the amount of$103,000.00.
Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of street improvements in Dayton Park Subdivision, 3rd Addition, City of Ames, Iowa.
1-1-1 , )��
B I
y.
Jill L. Ripperger
Title: Deputy City Clerk