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Home My WebLink AboutA005 - Irrevocable letter of Credit No. S103722 - $25,000 �('��j"n n Firstar Bank Milwaukee, N.A. BANK NOVEMBER 20 , 1998 t BENEFICIARY: APPLICANT: ',FCITY OF AMES ERBEN A. HUNZIKER, 515 CLARK AVENUE DONALD FURMAN, ROBERT BUCK AMES, IA 50010 AND REINHARD FRIEDRICH 105 S . 16TH STREET NORTHRIDGE SUBDIVISION, AMES, IA 50010 17TH ADDITION OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. S103722 GENTLEMEN/MADAM: WE HEREBY ESTABLISH IN YOUR FAVOR, OUR IRREVOCABLE STANDBY LETTER OF CREDIT FOR ACCOUNT AND BY ORDER OF THE APPLICANT, NOT EXCEEDING A TOTAL AMOUNT OF 25 , 000 . 00 U. S . DOLLARS (TWENTY FIVE THOUSAND 00/ 100 U. S . DOLLARS ) . PAYMENT UNDER THIS LETTER OF CREDIT IS AVAILABLE BY YOUR DRAFT( S) AT SIGHT ON FIRSTAR BANK MILWAUKEE, N.A. , MILWAUKEE, WI TO BE ACCOMPANIED BY THE FOLLOWING DOCUMENTS : 1 ) BENEFICIARY ' S STATEMENT SIGNED OR PURPORTING TO BE SIGNED BY OR ON BEHALF OF BENEFICIARY CERTIFYING THAT: "THE PUBLIC IMPROVEMENTS CALLED FOR BY THE AGREEMENT FOR PUBLIC IMPROVEMENTS FOR NORTHRIDGE SUBDIVISION, 17TH ADDITION, STORY COUNTY, AMES, IOWA HAVE NOT BEEN COMPLETED BEFORE NOVEMBER 19 , 1999" . PARTIAL DRAWINGS ARE PERMITTED. THE AMOUNT OF ANY DRAFT( S ) DRAWN UNDER THIS CREDIT MUST BE ENDORSED ON THE REVERSE OF THE ORIGINAL CREDIT. ALL DRAFTS MUST BE MARKED "DRAWN UNDER FIRSTAR BANK MILWAUKEE, N.A. STANDBY LETTER OF CREDIT NUMBER S103722 DATED NOVEMBER 20 , 1998 " . i ****CONTINUED ON NEXT PAGE**** _ C,WA/) Firstar Bank Milwaukee, N.A. TELEX TRT 191 178 R 777 East Wisconsin Avenue SWIFT: FWISUS44 P.O. Box 532 TELEFAX: 1414) 765 6207 BANKMilwaukee, Wisconsin 53201 U.S.A. OUR REF. NO. S103722 PAGE 2 CANCELLATION OF LETTER OF CREDIT PRIOR TO EXPIRATION: THIS LETTER OF CREDIT (AND AMENDMENTS, IF ANY) MUST BE RETURNED TO US FOR CANCELLATION WITH A STATEMENT PURPORTEDLY SIGNED BY THE BENEFICIARY STATING THAT THE LETTER OF CREDIT IS NO LONGER REQUIRED AND IS BEING RETURNED TO THE ISSUING BANK FOR CANCELLATION. WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS CREDIT WILL BE DULY HONORED ON PRESENTATION AND DELIVERY OF DOCUMENTS, AS SPECIFIED, TO FIRSTAR BANK MILWAUKEE, N.A. , LETTER OF CREDIT DEPARTMENT, P.O. BOX 532 , MILWAUKEE, WI 53201, IF DRAWN AND PRESENTED AT THIS OFFICE ON OR BEFORE NOVEMBER 19 , 1999 . THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS ( 1993 REVISION) , INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500 (THE "UCP" ) , OR THE SUCCESSOR VERSION IN EFFECT AT THE TIME OF ANY DRAWS . VERY TRULY YOURS, L:2S MARGIE qREINER KAY BRE SER AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE 414 765-4203 414 765-5626 KB i i r Rc n Firstar Bank Milwaukee, N.A. l` TELEX MCI6734217 F W� R 777 East Wisconsin Avenue"/ SWIFT: FWISUS44 d,WdmmmmmrlgdLm P.O Box 532 TELEFAX: (414) 765 6207 Milwaukee, Wisconsin 53201 U.S.A. TELEFAX (414) 7654432 BANK DECEMBER 22 , 1998 STANDBY LETTER OF CREDIT OUR REFERENCE S103722 AMENDMENT NO. : 002 BENEFICIARY : APPLICANT: CITY OF AMES ERBEN A. HUNZIKER, 515 CLARK AVENUE DONALD FURMAN, ROBERT BUCK AMES, IA 50010 AND REINHARD FRIEDRICH 105 S . 16TH STREET NORTHRIDGE SUBDIVISION, ANTES, IA 50010 17TH ADDITION GENTLEMEN/MADAM: IN ACCORDANCE WITH INSTRUCTIONS RECEIVED FROM THE APPLICANT, THE ABOVE LETTER OF CREDIT IS AMENDED AS FOLLOWS : DRAWS MAY BE PRESENTED AT FIRSTAR BANK MILWAUKEE, N.A. , MILWAUKEE WI OR AT FIRSTAR BANK IOWA, AMES, IOWA. PAGE 1 , THIRD PARAGRAPH, NOW READS AS FOLLOWS : BENEFICIARY ' S STATEMENT SIGNED OR PURPORTING TO BE SIGNED BY OR ON BEHALF OF BENEFICIARY CERTIFYING THAT: "THE CITY OF AMES, IOWA, HAS NOT RECEIVED PAYMENT OF ONE-HALF THE COST OF PAVING THE THIRD LANE OF GEORGE WASHINGTON CARVER AVENUE FROM THE CENTER LINE OF VALLEY VIEW ROAD TO POINTS 600 FEET WEST AND 117 . 21 FEET EAST OF THE CENTER LINE OF VALLEY VIEW ROAD. THIS LETTER OF CREDIT SHALL BE DEEMED AUTOMATICALLY EXTENDED WITHOUT AMENDMENT, FOR ONE YEAR FROM THE PRESENT OR ANY FUTURE EXPIRATION DATE, UNLESS AT LEAST SIXTY ( 60) DAYS PRIOR TO SUCH EXPIRATION DATE, WE SHALL NOTIFY YOU IN WRITING BY CERTIFIED OR COURIER MAIL THAT WE ELECT NOT TO CONSIDER THIS LETTER OF CREDIT RENEWED FOR SUCH ADDITIONAL PERIOD. IN THE EVENT OF SUCH NOTICE TO THE CITY, THE CITY MAY DRAW THE FULL AMOUNT OF THIS LETTER OF CREDIT REGARDLESS OF WHETHER THE SAID PAVING HAS BEEN DONE AND REGARDLESS OF WHEN IT WILL BE DONE . KINDLY ADVISE US OF YOUR ACCEPTANCE OR REJECTION OF THE ABOVE AMENDMENT BY INDICATING YOUR OPTION. PLEASE SIGN AND DATE THE ENCLOSED COPY, RETURNING SAME TO US . IF YOU DO NOT ACCEPT THIS AMENDMENT, IMMEDIATE NOTIFICATION MUST BE GIVEN TO US . ****CONTINUED ON NEXT PAGE**** FIRS -nIZ Firstar Bank Milwaukee, N.A. TELEX MCI 6734217 777 Easi Wiscon,ir Avenue SWIFT: FWISUS44 ILM P.O. Box 532 TELEFAX (414) 765-6207 Milwaukee. Wisconsin 53201 U.S.A. BANKTELEFAX: (414) 765-4432 i OUR REF. NO. S103722 PAGE 2 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. YOURS VERY TRULY, AUTHORIZIED SIGNATURE STANDBY/PERFORMANCE L/C ' S 414 765-5626 JH 7 Rrstar Bank,N.A. TELEX MCI 6734217 F111<15 Milwaukee Operations SWIFT:FWISUS44 Wisconsin Level TELEFAX:(414)765-6207 * 777 East Wisconsin Avenue TELEFAX:(414)765-4432 Global Services P.O.Box 532 Milwaukee,Wisconsin 53201 U.S.A. SEPTEMBER 24 , 1999 STANDBY LETTER OF CREDIT OUR REFERENCE S103722 AMENDMENT NO. : 003 BENEFICIARY: APPLICANT: CITY OF AMES ERBEN A. HUNZIKER, 515 CLARK AVENUE DONALD FURMAN, ROBERT BUCK AMES : iA 50010 AND REINHARD FRIEDRICH iVJ S . 16TH STREET NORTHRIDGE SUBDIVISION, AMES, IA 50010 17TH ADDITION GENTLEMEN/MADAM: IN ACCORDANCE WITH INSTRUCTIONS RECEIVED FROM THE APPLICANT, THE ABOVE LETTER OF CREDIT IS AMENDED AS FOLLOWS : UPON RECEIPT OF BENEFICIARY' S WRITTEN AUTHORIZATION, THIS CREDIT WILL BE CONSIDERED AS CANCELLED. PLEASE RETURN THE ORIGINAL LETTER OF CREDIT INSTRUMENT TO US . KINDLY ADVISE US OF YOUR ACCEPTANCE OR REJECTION OF THE ABOVE AMENDMENT BY INDICATING YOUR OPTION. PLEASE SIGN AND DATE THE ENCLOSED COPY, RETURNING SAME TO US . IF YOU DO NOT ACCEPT THIS AMENDMENT, IMMEDIATE NOTIFICATION MUST BE GIVEN TO US . ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. YOURS VERY TRULY, —_ AUTHO%t i Z E D SIGNATURE -- V STANDBY/PERFORMANCE L/C ' S G 414 765-5626 C JH C : AMES, IA JOHN RUSSELL r11\5(Lv CO 30-21 89 1 1-fi G Firstar Bank, N.A TELD(MCI 6734217 *FIRSTAR � Five,n�� Milwaukee Operations SWIFT:FWISUS44 �'*y Wisconsin Level TELEFAX:(414)765-6207 M East Wisconsin Avenue TELEFAX:(414)765-4432 Global Services - P.O.Box532 Milwaukee,Wisconsin 53201 U.S.A. "_" OCT 26 r99 i SEPTEMBER 24 , 1999 STANDBY LETTER OF CREDIT OUR REFERENCE S103722 AMENDMENT NO. : 003 BENEFICIARY: APPLICANT: CITY OF AMES ERBEN A. HUNZIKER, 515 CLARK AVENUE DONALD FURMAN, ROBERT BUCK AMES, IA 50010 AND REINHARD FRIEDRICH 105 S. 16TH STREET I NORTHRIDGE SUBDIVISION, AMES, IA 50010 17TH ADDITION GENTLEMEN/MADAM: IN ACCORDHA��TH IN TION VEYR .21 PPLICANT, THE ABOV /L OF T S MENDED S /� UPON RECE PT OF BE E ICIARX' RIED N, THIS CREDIT WILL BE CMNSID A CANC L PLEASE RFU TFE 0 G ET E OF CREMENT TO US . KINDLY ADV F" US OF Y CCEP E OR RF THE ABOVE AMENDMENT BY INDICATING YOUR OPTION. PLEASE SIGN AND DATE THE ENCLOSED COPY, RETURNING SAME TO US . IF YOU DO NOT ACCEPT THIS AMENDMENT, IMMEDIATE NOTIFICATION MUST BE GIVEN TO US . ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. YOURS VERY TRULY, AUTHORIZED SIGNATURE STANDBY/PERFORMANCE L/C ' S 414 765-5626 JH C: AMES, IA ACCEPTED JOHN RUSSELL -- REJECTED per)l LT U SW T- 1 � CITY OF AMES TO: WIEGAND PAUL Paul Wiegand, Public Works FROM: VOSS DIANE Diane Voss, City Clerk DATE: NOVEMBER 2, 1999 SUBJECT: Northridge, 17th Good Morning! I've received a request to release the Letter of Credit for Northridge, 17th. Please advise its status. Thanks! Diane V. COPY LIST: VOSS DIANE Diane Voss, City Clerk LA ;. LA � n m " ro � � O nx 3 A � a k � y a o � O IV O � C O� � y ci d o CD a oN, 0 CD o � � c N C � � N � O � O O n O h a CITY OF AMES AMES,IOWA Department Customer's Invoice � No. Date No. 'I Name Address City \`� it SOLD BY CASH C.O.D. CHARGE ON ACCT. MDSE.RETD. PAID OUT — �� G I DESCRIPTION ACCOUNT# T, TOTAL r All claims and returned goods MUST be accompanied by this bill. 56929 Rec'd by MOORE'^FLATPAKIT'MCP'-PATENTED 208