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Home My WebLink AboutA025 - Letter to Firstar dated August 12, 1997 - release of security deposit City Clerk's Office 515 Clark Avenue,P. O. Box 811 Caring People Ames, IA 50010 Quality Programs Phone: 5 l 5-23 9-5105 Ezceppana!Service Fax: 515-239-5142 August 12, 1997 John Russell Vice President, Commercial Loans FirStar Bank Iowa, NA 405 Main Street Ames, IA 50010-0828 Re: Hold Check from Northridge Developers for extra lane on R-50 County Road Dear Mr. Russell: I have enclosed Cashier's Check No. 440 1066948, dated March 4, 1996, in the amount of $79,695.00, which has been on file in the City Clerk's Office as security on the above-mentioned project. I have also enclosed a copy of an August 6, 1997 letter from Public Works Director Paul Wiegand authorizing the release of this security. If you should have any questions regarding this release, please feel free to contact our office. Thank you. Sincerely, L'c- Sandra L. Ryan City Clerk Enclosures cc: Paul Wiegand, Public Works Director Sherry Meier, City Treasurer O T Om< �h Zmm G)W--i n 0ZM 7r z�c OD m o Z Di -< m o m z �� D O m a N C7 x CD Ft x z cn Fl- CL > O n• r � ru ru r � Z a O m 7nC r � Q o o W. r � � a W ° n0 n L D N O T i m rn � O cn T O N /� i o N v' m LO 0 -P X 00 1 • Public Works Department Caring People 515 Clark Avenue, Ames, Iowa 50010 Quality Programs Phone 515-239-5160 A Fax 515-239-5261 E—ptiowl Service August 6, 1997 Bob Buck Buck Construction ' 217 22nd Street Ames, Iowa 50010 Dear Bob: Steve Schainlcer has asked me to respond to your letter concerning the financial security for the widening of G.W. Carver Avenue (old R-50). By copy of this letter, the City will notify Firstar Bank of Ames that they may release the $79,695 to the Developers. The financial security related to the paving of G.W. Carver adjacent to Northridge Parl<Avav Subdivision, loth Addition. Since that lane addition is no longer going to be constructed, the security can be released. You also requested that paragraph 2a of the developer's agreement be voided since the widening is no longer going to be accomplished. That is true for the north-south portion of G. W. Carver Avenue, but not so for the east-west portion along the north side of the subdivision. Prior to the acceptance of a final plat that deals with land adjacent to the east-west portion of G.W. Carver Avenue, we will need to modify the developer's agreement to arrange for the financial security for the developers responsibility to pay for one-half of the extra lane on that portion of the roadway. If you have any questions, please don't hesitate to contact me. Sincerely, Paul D. Wiegand, P.E. Public Worlcs Director PDW/dwj cc: Steven L. Schainlcer, City Manager; Jerry Byg, Municipal Engineer; Firstar Bank; and Brian P. O'Connell, Planning CZ Housing Director FAPW\97LTR\BUCK.806 ' City Clerk's Office 515 Clark Avenue,P. O. Box n/8��1 1 Caring People Alves, IA 500I0 Quality Programs Phone: 515-23 9-51 O5 Euepaon 21 Service Fax: 515-239-5142 July 31, 1997 Bob Shirk Hunziker & Associates 105 South 16th Street Ames, IA 50010 Re: Release of Hold Check for Northridge Parkway Subdivision, 14th Addition ACC Surface and Streetlights Dear Bob- As we discussed, I am returning the enclosed Cashier's Check No. 440 1068857 in the amount of $40,000.00, previously on file in our office as security for public improvements in Northridge Parkway Subdivision, 14th Addition. Municipal Engineer Jerry Byg has authorized me to release this check at this time. Jerry has also informed me that a new check needs to be filed for the $79,695.00 for the R-50 widening, and said he would be contacting your office. I have called John Russell at FirStar Bank to let him know the status of this matter. Please let me know if there is any further information you need from our office at this time. Thank you. Sincerely, Sandra L. Ryan City Clerk Enclosure T E R FOR: DATE: /- TIME: FROM: I DEPT/COMPANY: PHONE NO: PLEASE CALL BACK @ RETURNED YOUR CALL Ll WILL CALL AGAIN LEFT MESSAGE: � ?� el-A,bek ah -fo S REC'D BY' di` 03/07 s4 14: 41 $515 232 5865 FIRSTAR 01ES 1a002 Firstar Bank Ames _ FILED FIP6TAR MAR - 7 ERA March 3, 1994 T CITY CLERK CiT(OF AMES,IOWA John R. Klaus City Attorney City of Ames P.O. Box 811 Ames, IA 50010 M, Northridge, R-50 Lane, Developers Share, Acceptance of Payment Dear Mr. Klaus: On February 28, 1994, Firstar Bank Ames issued Check No. 4732383645 payable to the City of Ames for the benefit of the Developer of the above referenced property. T Ws letter is to serve as notice to you that we will honor the check at the time it is presented for payment, regardless of the fact that it may be presented more than six months past the date of issue. Sincerely, i I f/ y JI �CIL Richard M. Fischer THIS DOCUMENT HAS AN ARTIFICIAL WATERMARK PRINTED ON THE BACK;ABSENCE OF THIS FEATURE WILL INDICATE A COPY. CASHIER'S CHECK FIRSTAR BANK 473 2383645 AMES AMES, IOWA 0739 75-1522 910 Friedrich, Buck, Huziker n REMITTER Subdivision loth Addition- DATE Feb. 28 �g 94 PAY TO Tkdening of R-50 $79,695.00 ORDER OF City of Ames Y „ PAYABLE THRU FIRSTAR BANK AUTHO ZED SIGNATURE BLOOMINGTON,MN 1:09L0L52241:00473 231336459I's 03/07/94 14:41 $`515 232 5865 FIRSTAR AMES [a002 Firstar Bank Ames FIRSTSR FIL" D March 3, 1994 CITY CLERK CRY of AMM IOWA John R. Klaus City Attorney City of Amcs P.O. Box 811 Ames, IA 50010 RE: Northridge, R-50 Lane, Developers Share, Acceptance of Payment Dear Mr. Klaus: On February 28, 1994, Firstar Bank Ames issued Check No. 4732383645 payable to the City of Ames for the benefit of the Developer of the above referenced property. This letter is to serve as notice to you that we will honor the check at the time it is presented for payment, regardless of the fact that it may be presented more than six months past the date of issue. Sincerely, Richard M. Fischer Executive Vice President RMF:js 4(5 Vain PC) Bc'x 82S J.15I'232-i, )0 d' rn o rn S M 45 (3) +-) o om xo o ro 4- U Q O +) F=- Z ~ � X O z U1 O N O S- S- ~ N LL Ln L p L �- Q Q L rc5 S- O N ~ X 4- C uO O Q) r 0) t-o O 3 Z p > J Q N Z C:) i ~ 0- O Ln fl- •r (� O LLJ L O p N O Q L tc1 C1 fl� .. N d O O LLJ \ S '— c' d0 L O N O N 4- N 4-3 � L j O c �^ > O N O O O O Z � J N 0)U W ~ cn OLLJ . •r p •r LLOi N Z 01 � �� >- Q 1 v S S c- H rn L z O z ULL- M U O O w � O � X 0 U0. r E E '� U