HomeMy WebLinkAboutA008 - Letter dated May 9, 1996 certifying receipt of Letter of Credit - $30,000 A' Date
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TO WHOM IT MAY CONCERN:
hereby certify that I have this date 1
received from lr—ajt. JQ�VtS`TpaL a CG �
in the amount of $ �b.ObO
OR Surety Bond Number issued by Car—,
Company of `fwri ,
in the amount of $ which was placed on file
in the Ames City Clerk's office, 515 Clark Avenue for the development of
1TQ11G, �� public improvements in
Ornpc rt-
,vl ►�, Subdivision, City of Ames, Iowa.
CITY CLERK'S OFFICE
L�
(Signature)
(Title
FIRST AM E RICAN BANK
The Promise Of TomorrowTM
BENEFICIARIES:
City of Ames
Ames, IA 50010
Attention:
IRREVOCABLE STANDBY COMMERCIAL LETTER OF CREDIT
AMOUNT: $30,000.00 U.S. Dollars
DATED: May 08, 1996
LETTER OF CREDIT NO: 96-113
EXPIRY DATE: April 23, 1998
Gentlemen:
We hereby authorize you to draw on the First American Bank, Ames, Iowa for account of Dale R. (Pete) Cooper for Pete Cooper
Subdivision up to the aggregate amount of Thirty Thousand($30,000).
This letter of credit may be exercised by the City of Ames in the event of the following:
The sanitary sewer improvements have not been completed by Dale R. (Pete)Cooper for Pete Cooper Subdivision as set forth
in the agreement for Public improvements. These improvements must be completed by April 23, 1998.
The request for payment under this letter of credit must reference First American Bank, Ames, Iowa and Letter of Credit
number 96-113, dated 05/08/96.
The City will notify First American Bank upon satisfactory completion and acceptance of sanitary sewer improvements and at that time,
all liability and obligation of First American Bank under this letter of credit will be cancelled and released.
Very truly yours,
FIRST AMERICAN BANK
By! (.--
effrey . Crisman, Vice President
P.O.Box 1747 Ames,Iowa 50010-1747 • 515-233-2033 • Fax 515-233-4518
Member FDIC 120 N.Main Roland,Iowa 50236 • 515-388-4331 • Fax 515-388-4779 Equal Housing Lender