HomeMy WebLinkAboutA011 - Irrevocable Letter of Credit #9702 dated February 27, 1997 1:Fe-J10 elf pa,rK , 'I ca— 1
FIRST NATIONAL BANK
AMES, IOWA
LoallyownedandservingAmes and StofyCounlysince 1903
February 27, 1997
IRREVOCABLE LETTER OF CREDIT#9702
CITY OF AMES
515 Clark
Ames, IA 50010
R E: Jewe1 Park,L.C.
3116 S. Duff Avenue, Box 192
Ames,1A 50010
Gentlemen:
We hereby open our Irrevocable Letter of Credit#9702 in favor of:
CITY OF AMES
515 Clark
Ames, Iowa 50010
For the account of:
Jewel Park, L.C.
3116 S. Duff Avenue, Box 192
Ames, IA 50010
in the amount of$20,000.00 U.S. Dollars. Irrevocable Letter of Credit #9702 will-,expire on
May 1997..
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#9702.
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,
W-ff
Terrill L. Wyc
Sr. Vice President
UNIVERSITY OFFICE MAIN OFFICE NORTH GRAND OFFICE
2330 Lincoln Way Ames,IA 50014 5th&Burnett Pb Box 607 Ames,IA 50010 Cub Foods Ames,IA 50010
515-292-6157 515-232-5561 FAX 515-232-5778 515-233-3363
Date
TO WHOM IT MAY CONCERN:
hereby certify that I have this date
received from.�C��<< L A ��.% a i
in the amount of $ <o C M C)
OR Surety Bond Number issued by
Company of +
in the amount of $ which was placed on file
in the Arises City Clerk's office, 515 Clark Avenue for the development of
public improvements in
Ci Subdivision, City of Ames, Iowa.
CITY CLERK'S OFFICE
(Signature)
Cx ale&
(Titl )