HomeMy WebLinkAboutA023 - Letter dated December 16, 1992, decreasing amount of Letter of Credit #920 to $5,000 C
BANK IV Topeka
Post Officc hoe NN
Topeka, Kans;i.v 60001-0088
Tdchhonc 913-295-3 WO
_'i-Flour 1n1V'Ina11011 9 1 3-295-i4 4
TIM 1-800-288-4408
December 16, 1992 BAWN
City of Ames
P.O. Box 811
Ames, IA 50010
ATTN: Department of Planning and Housing
Re: BANK IV Kansas, N.A., Letter of Credit# 920, Dated March 6, 1992, Issued
on behalf of our customer,Ames Housing Association Limited Partnership
c% Mid-Land Residential Ventures, Inc.
Gentlemen:
Relative to the above referenced Letter of Credit issued by us for your benefit, we
hereby amend our Letter of Credit #920 decreasing the amount to $5,000.00.
This amendment should be attached to and made part of, our original Letter of
Credit #920 and to any amendments thereof. All other terms and conditions of
the original Letter of Credit remained unchanged.
Please have the appropriate individual sign both of these original amendments and
return one in the enclosed envelope, allowing us to attach this amendment to our
records. If you have any questions concerning this transaction, please do not
hesitate to give me a call.
Sincerely,
U
Patricia J. Heim
Assistant Vice President
Accepted this Z``�1``— y of at1Ift 19
By: Mayor
Attest City Clerk
\n )f 13 NK IV Kmis;rti.
BANK 1V eXXXxKansas, N.Irrevocable Standby
NK V Post office Box 88
��� Topeka,Kan&is 66601-0088
Letter of Credit
Date: No. 0920 Advising bank reference no.
--arch 6, 1992
Advising bank For account of
Ames Housing Association Limited Partnersh'
c/o Mid—Land Residential Ventures, Inc.
2231 S.W. Wanamaker Rd.
Topeka, KS 66614
To beneficiary Amount $263,693.00
City Of Ames, Iowa Two Hundred Sixty Three Thousand- Six
8 Attn: Department of Planning and Housing Hundred Ninety Three and no/100---dollars
a P.O. Box 811
z Ames, Iowa 50010
o Expiration date July 1 1993
r
Gentlemen: ❑ This refers to preliminary cable advice of this credit.
We hereby establish our irrevocable letter of credit in your favor available for payment by your drafts drawn at sight on
BANK IV Topeka, N.A.,One Townsite Plaza,Topeka,Kansas 66601,and accompanied by documents specified below
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o Drafts drawn hereunder must be marked"Drawn under BANK IV Topeka, N.A.
Letter of Credit No. 920 dated March 6 1992 "
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We hereby engage with you that all drafts drawn under and Advising bank's notification
o in compliance with the terms of this credit will be duty
honored if drawn and presented for payment at this office on
° or before the expiration date of this credit.
Sincerely yours,
BANK IV Topeka, N.A.
y AL41iorizedsignature Place, date, name and signature of the advising bank.
rom,III-A-117 1Re•.7 R6)
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BANK IV Topeka,N.A.
One Townsite Plaza
Post Office Box 88
Topeka,Kansas 66601-0088
Telephone 913-295-3400
IRREVOCABLE LETTER OF CREDIT NO. 920
March 6, 1992
City of Ames , Iowa BAW
AI
ATTN: Department of Planning and Housing
P.O. Box 811
Ames, Iowa 50010
Gentlemen:
We hereby authorize you to draw on BANK IV Kansas , N.A. , 534 S.
Kansas , Topeka, KS 66603, for the account of Ames Housing
Association Limited Partnership, up to the aggregate amount of
$263 ,693 .00 U.S . Currency (Two hundred sixty three thousand_ six
hundred ninety three and no/100 U.S. Dollars) available by your
draft( s) at sight accompanied by the following documents .
Beneficiary' s signed statement that Ames
Housing Association Limited Partnership has
violated and continues to violate the provi-
sions of a zoning ordinance of the City of
Ames , Iowa, pertaining to the satisfactory
performance of the City approved provisions
of the site and landscape plans; or benefi-
ciary' s signed statement that the public
improvements required as a condition of
approval of the final plat of Prairie West
Subdivision, Ames , Iowa have not been pro-
perly completed .
Each draft must state that it is "Drawn under BANK IV Kansas ,
N.A. Letter of Credit No . 920 dated March 6 , 1992" . This credit
and all documents specified must accompany the draft(s) .
We hereby agree with you that all draft( s) drawn under and in
compliance with the terms of this credit will be duly honored on
delivery of documents as specified if presented at this office at
534 S. Kansas , Topeka, Kansas 66603 no later than July 1 , 1993 .
This credit is subject to the Uniform Customs and Practice for
Documentary Credits ( 1983 Revision) , International Chamber of
Commerce Publi on 400 ( 1983 Revision) ,
BANK s ,
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esident