HomeMy WebLinkAboutA006 - Irrevocable Letter of Credit No. S103729 - $34,960 FIRSFIRS�'A Firstar Bank Milwaukee, N.A. TELEX TRT 191178
TA 777 East Wisconsin Avenue SWIFT: FW(SUS44
P.O. Box 532
BANKMilwaukee, Wisconsin 63201 U.S A. TELEFAX (414) 765-6207
NOVEMBER 24 , 1998
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, AMES, IA 50010
17TH ADDITION
OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. S103729
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 34 , 960 . 00 U. S . DOLLARS (THIRTY FOUR
THOUSAND NINE HUNDRED SIXTY 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 WITH RESPECT TO THE FINAL LIFT OF BLACKTOP AND STREET LIGHTS
HAVE NOT BEEN COMPLETED BEFORE NOVEMBER 30, 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 S103729 DATED NOVEMBER 24 , 1998 " .
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30-2189B(949)
30-2189B(949)
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FIRSTA(� Firstar Bank Milwaukee, N.A. TELEX TRT 191 178
!\ _R 777 East Wisconsin Avenue SWIFT: FWISUS44
P.O. Box 532
Milwaukee, Wisconsin 53201 U.S.A. TELEFAX: (414) 765-6207
BANK
OUR REF. NO. S103729 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 30, 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,
MAR�REIN Y BRE SER -
AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE
414 765-4203
414 765-5626
KB
30-2189B(949) _ - _ ^---- ---
FI/��A/) Firstar Bank Milwaukee, N.A. TELEX TRT 191178
R/� � 777 East Wisconsin Avenue SWIFT: FWISUS44
P.O. Box 532
BANKMilwaukee, Wisconsin 53201 U.S.A. TELEFAX: (414) 765-6207
DECEMBER 03, 1998
STANDBY LETTER OF CREDIT
OUR REFERENCE S103729
AMENDMENT NO. : 001
BENEFICIARY: APPLICANT:
CITY OF AMES ERBEN HUNZIKER,
515 CLARK STREET DONALD FURMAN, ROBERT BUCK
AMES, IA 50010 AND REINHARD FRIEDRICH
105 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 :
DRAWS MAY BE PRESENTED AT FIRSTAR BANK MILWAUKEE, N.A. ,
MILWAUKEE, WI OR AT FIRSTAR BANK IOWA, AMES, IOWA.
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,
ASSISTANT VICE qyRESIDENT
STANDBY/PERFORMANCE L/C ' S
414 765-4203
JH
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