The URL can be used to link to this page

Home My WebLink AboutA021 - Letter of Credit No. S104286, S103645 Ftstar Bank,N.A. TELEX MCI 6734217 � 840 Misconsi a evefatiOns SWIFT:FW 5-6207FIR�Tm Wisconsin Level TELEFpJC:(414)765-6207 i 777 East Wisconsin Avenue TELEFAX:(414)765-4432 Global Services P.O.Box532 AA Milwaukee,Wisconsin 53201 U.S.A. SEPTEMBER 29 , 1999 BENEFICIARY: APPLICANT: CITY OF AMES TAYLOR LAND JOINT VENTURE 515 CLARK AVENUE 105 S. 16TH STREET AMES, IA 50010 AMES, IA 50010 I SOMERSET SUBDIVISION, 3RD ADDITION, STORY COUNTY OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. S104286 GENTLEMEN/MADAM: WE HEREBY ESTABLISH IN YOUR FAVOR, OUR IRREVOCABLE STANDBY LETTER OF CREDIT FOR ACCOUNT OF THE APPLICANT BY ORDER OF FIRSTAR BANK IOWA, N.A. , 405 MAIN STREET, AMES, IA 50010 NOT EXCEEDING A TOTAL AMOUNT OF 37,000.00 U.S. DOLLARS (THIRTY SEVEN THOUSAND AND 00/100 U.S. DOLLARS) . I 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: I 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 SOMERSET SUBDIVISION, 3RD ADDITION, STORY COUNTY, IOWA HAVE NOT BEEN COMPLETED BEFORE OCTOBER 1, 2000 . i PARTIAL DRAWINGS ARE PERMITTED. IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE AUTOMATICALLY EXTENDED , WITHOUT AMENDMENT, FOR A PERIOD OF ONE YEAR FROM THE PRESENT OR ANY FUTURE EXPIRATION DATE UNLESS SIXTY (60) DAYS PRIOR TO THE EXPIRATION DATE WE SHALL NOTIFY YOU VIA CERTIFIED MAIL OR COURIER SERVICE THAT WE ELECT NOT TO EXTEND THE VALIDITY. 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 S104286 DATED SEPTEMBER 29 , 1999" . ****CONTINUED ON NEXT PAGE**** Firstar Bank,N.A TELEX MCI 6734217 TV Wisconsin Level TELEFAX:(414)765�207 *FIR� 777 East Wisconsin Avenue: TELEFAX:(414)765-4432 Global Services P.O.Box 532 MiKAmukee,Wisconsin 53201 USA OUR REF. NO. S104286 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, OR TO FIRSTAR BANK IOWA, N.A.-AMES, 405 MAIN STREET, AMES, IA 50010 ATTN: JOHN T. RUSSELL IF DRAWN AND PRESENTED AT THIS OFFICE ON OR BEFORE OCTOBER 1, 2000, OR ANY EXTENDED DATE AS PREVIOUSLY INDICATED. 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. VE Y TRULY YOURS, SYLnFS,A HUBBARD RAY BRE SER AUPVRIZED SIGNATURE AUTHORIZED SIGNATURE 414 765-5626 I JH I APFROVED AS TTOOO FORM John R. Klaus City Attorney FIRSTn Firstar Bank Milwaukee, N.A. /�f TELEX MCI 6734217 -R 777 East Wisconsin Avenue SWIFT: FWISUS44 P.O. Box 532 EFAX: (414) 765 6207 BANK Milwaukee, Wisconsin 53201 U.S.A. '" _EFAX: (414) 765-4432 OCTOBER 13, 1998 STANDBY LETTER OF CREDIT OUR REFERENCE S103645 AMENDMENT NO. : 001 BENEFICIARY: APPLICANT: CITY OF AMES__ TAYLOR LAND JOINT VENTURE 515 CLARK AVENUE 105 Sou111n ia•TFri jitin — AMES, IA 50010 AMES, IA 50010 ATTN: SANDY RYAN GENTLEMEN/MADAM: IN ACCORDANCE WITH INSTRUCTIONS RECEIVED FROM THE BENEFICIARY, THE ABOVE LETTER OF CREDIT IS AMENDED AS FOLLOWS: i PAGE 2 - SECOND PARAGRAPH NOW READS AS FOLLOWS : 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 j BANK MILWAUKEE, N.A. , LETTER OF CREDIT DEPARTMENT, P.O. BOX 532 i MILWAUKEE, WI 53201 OR TO FIRSTAR BANK IOWA, N.A. , 405 MAIN ST. , AMES, IA 50010, ATTENTION: MR. JOHN T. RUSSELL IF DRAWN AND PRESENTED AT EITHER OFFICE ON OR BEFORE OCTOBER 13, 1999 . 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, ASSISTA VIC RESIDENT STANDBY/PERFO MANCE L/C 'S 414 765-4203 MG C � /) Firstar Bank Milwaukee, N.A. TELEX MCI 6734217 r Jt 777 East Wisconsin Avenue SWIFT: FWISUS44 P.O. Box 532 TELEFAX: (414) 765-6207 Milwaukee, Wisconsin 53201 U.S.A. BANKTELEFAX: (4U) 765-4432 OCTOBER 12 , 1998 , BENEFICIARY: APPLICANT: CITY OF AMES TAYLOR LAND JOINT VENTURE 515 CLARK AVENUE 105 SOUTH 16TH STREET AMES, IA 50010 AMES, IA 50010 ATTN: SANDY RYAN OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. S103645 i PROJECT: PUBLIC IMPROVEMENTS - SOMERSET 3RD ADDITION GENTLEMEN/MADAM: WE HEREBY ESTABLISH IN YOUR FAVOR, OUR IRREVOCABLE STANDBY LETTER OF CREDIT FOR ACCOUNT OF THE APPLICANT BY ORDER OF FIRSTAR BANK IOWA, N.A. -AMES, 405 MAIN STREET, AMES, IA 50010 NOT EXCEEDING A TOTAL AMOUNT OF 37,000.00 U.S . DOLLARS (THIRTY SEVEN 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: 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 ASPHALT AND STREET LIGHTS FOR SOMERSET SUBDIVISION - THIRD ADDITION, AMES, STORY COUNTY, IOWA HAS NOT BEEN COMPLETED. PARTIAL DRAWINGS ARE NOT 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 S103645 DATED OCTOBER 12, 1998 " . ****CONTINUED ON NEXT PAGE**** ,� IM11�C«IIIIi�V�%I" lke6r , -,��UigCC►kistn�#V��it18 '; a � `.a Milvvauk e,Wtsconsin 5320i "USA:' , s � l 7ELEFAX' tea. OUR REF. NO. S103645 PAGE 2 4 �'' 4 CAI�TCELLATION 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 ,zr - REQUIRED AND IS' BEING RETURNED TO THE ISSUING BANK FOR W z F `CANCELLATION. �t. , WE HERESY, REE' WITH. YOU. THAT DRAFTS DRAWN' UNDER AND IN � COMPLIANCE WITH, THE; TERMS ;DF THIS -CREDIT' WILL BE DULY HONORED ON .. "PRESENrT'ATION A,N!7 bEtIVERY OF DOCUMENTS, AS SPECIFIED,"` TO" FIRSTAR BANK MILWAUKEE," N.A'., LETTER OF CREDIT DEPARTMENT, P.O. BOA 532, MILWAUKEE,. 'WI 5320"1, IF DRAWN AND PRESENTED AT THIS,;OFFICE ON OR BEFORE 'OCTOBER '13, 999 . 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, MARGIE 5REINfX KAY BRYMSER AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE 414 765-4203 414 765-5626 MG n g