The URL can be used to link to this page

Home My WebLink AboutA027 - Letter to Hunziker & Associates dated January 15, 2003, releasing financial security City Clerk's Office 515 Clark Avenue,P. 0.Box 811 caHn8reo* Ames,IA 50010 uyPro9—v Phone: 515-239-5105 Exeepd-W Service Fax: 515-239-5142 January 15, 2003 Hunziker&Associates 105 S. 16th Street Ames, Iowa 50010 Attention Chuck Winkleblack RE: Somerset Subdivision, 5th Addition Dear Chuck: At their meeting of January 14, 2003, the Ames City Council released the financial security on file for the above-named Subdivision. It is my understanding that this area is being replatted as Somerset, 12'Addition, and the installation or bonding for streetlights will be handled with the public improvements for that Addition. Enclosed is the Standby Letter of Credit numbered Amendment 001-A in the amount of$6,000. If you have any questions,please contact me. Sincerely, Diane Voss City Clerk /dry Enclosure Copy to: Sara Lehman, U. S. Bank Firstar Bank,N.A. TELEX MCI 6734217 IRSTAR �e Milwaukee Operations SWIFT:Fw 5-6207** Wisconsin Level TELEFS FT: ISUS44 ? 777 East Wisconsin Avenue TELEFAX:(414)765-4432 Global Services `E'cun�T P.O.Box 532 Milwaukee,Wisconsin 53201 U.S.A. MAY 22, 2001 STANDBY LETTER OF CREDIT OUR REFERENCE MLWS123546 ki" AMENDMENT NO. : 001 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 5TH ADDITION, STORY COUNTY GENTLEMEN/MADAM: IN ACCORDANCE WITH INSTRUCTIONS RECEIVED FROM THE APPLICANT, THE ABOVE LETTER OF CREDIT IS AMENDED AS FOLLOWS: CREDIT AMOUNT DECREASED BY $150, 500 .00 TO $6, 000 .00. 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, AUTHORIZEIXSIGNATUR AUTHORI 'D SIGNATURE FIRSTAR BANK, N.A. GLOBAL SERVICES DIVISION WEST OPERATIONS, MILWAUKEE, WI JH 30-2189 11-96 Frstar Bank,NA TELEX Ma 6734217 FIRsTAR Milwaukee Operations WFT.FWISUS44 Wisconsin Level TELEFAX(414)76r6207 777 East Wisconsin Avenue TELEFAX (414)765-4432 Global Services P.O.Box 532 Milwaukee,Wisconsin 53201 USA MAY 22, 2001 STANDBY LETTER OF CREDIT OUR REFERENCE MLWS123546 AMENDMENT NO. : 001 ` BENEFICIARY: APPLICANT: CITY OF AMES TAYLOR LAND JOINT VENTURE 515 CLARK AVENUE 105 S. 16TH STREET AMES IA 50010 AMES, IA 50010 SOMERSET SUBDIVISION 5TH ADDITION, STORY COUNTY GENTLEMEN/MADAM: IN ACCORDANCE W ms-' RUCTI0 S�EO VED RO PVE THE ABOVE LET R F"EREITiT D S O CREDIT AMO . D-CREASED BY $1r0,500. 0 $ , 0KINDLY ADVISE S�OGOA� EP O R E ION OF AMENDMENT BY I I��T��1 OUR I PL SIGN AN 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, wl AUTHORIZED VIGNATURE tj D SIGNATURE FIRSTAR BANK, N.A. GLOBAL SERVICES DIVISION WEST OPERATIONS, MILWAUKEE, WI JH X ACCEPTED REJECTED Of t�A ��IGNATUR • 9 S o 3.. �r S- Y as �a �t`M S � �a�5s�ii.�,�< f yW.:;�y�,�5 ��yyg� J �,.1'��f•yy�� .77,��-arf� �, �t�•', ��.�e,.YY:�� .-.s �{y�{V y�x��+ „: ,.€ � � �� -s �sY ; k 4,k a 4�� h �7��•�d ��:�fi��+F�iL'3�� ,p,yam�++ �U� �% ...��v Lr.S.�� .� � �;F �� .•�.;�� Y;a� i+°��,�:. •� 75 ROM AF ai fi rya a a,s <:_`'. -,� �•.mw�. _.>€:r,� ��'�'��,.,„s �� * �i �� -zi ��:.- �'Kf�= � '�,�a, zi.:,�a� >'�§ ,��.,; ^s� � s "� �a ✓� � ,m 11 r - Firstar Bank,N.A. TELEX MCI 6734217 FiRsTA *v* Milwaukee Operations SWIFT:FW 5-6207� '1k � Wisconsin Level TELEFAX:(414)765-6207 ** 777 East Wisconsin Avenue TELEFAX:(414)765-4432 Global .SSI`VICeS P.O.Box 532 Milwaukee,Wisconsin 53201 U.S.A. JUNE 28 , 2000 STANDBY LETTER OF CREDIT OUR REFERENCE S104226 AMENDMENT NO. : 001 RE: SOMERSET SUBDIVISON, 5TH ADDITION, STORY COUNTY BENEFICIARY: APPLICANT: �� CITY OF AMES AYLOR LAND JOINT VENTURE _.;. 515 CLARK AVENUE 105 S 16TH STREET AMES, IA 50010 AMES, IA 50010 SOMERSET SUBDIVISIO 5TH ADDITION, STORY COUNTY GENTLEMEN/MADAM: IN ACCORDANCE WITH INSTRUCTIONS RECEIVED FROM THE APPLICANT, THE ABOVE LETTER OF CREDIT IS AMENDED AS FOLLOWS : UPON BENEFICIARY' S APPROVAL THIS CREDIT WILL BE DECREASED BY $156 ,500 . 00 TO A NEW AVAILABLE AMOUNT OF $6000 . 00 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, INTERNATIONAL OPERATIONS OFFICER STANDBY/PERFORMANCE L/C ' S 414 765-5626 EC 30-2189 1 1-96 17 r' Public Works Department 515 Clark Avenue, Ames, Iowa 50010 Caring People Prvgrauzs Qua[ Phone 515-239-5160 A Fax 515-239-5404 ih� Exep(ivnal Service July 11, 2000 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 Ladies and Gentlemen: I hereby certify that the utilities and paving required as a condition for approval of the final plat of Somerset Subdivision 5th Addition have been completed in an acceptable manner by Rhiner's Plumbing and Manatt's Inc. The above mentioned improvements have been inspected by the Engineering Division of the Public Works Department of the City of Ames, Iowa and found to meet city specifications and standards. As a result of this certification it is recommended that the financial security for public improvements on file with the City for this subdivision be reduced to $6,000 for the remaining work that includes the street lights. Sidewalks also remain to be completed, but are covered under a separate agreement that does not require financial security. I further certify that the quantities of the completed work are as follows: See attached sheet. Sincerely, Paul D. Wiegand, P.E. Public Works Director PDW/dwj Attachment cc: City Clerk, Finance, Contractor, PW Administrative Assistant, Construction Supervisor, and Brian O'Connell, Planning & Housing Director Somerset Subdivision 5th Addition July 11, 2000 Page 2 ............ ....... . . -.::::::w.::::..+::::::.:::::::.::.::::..::::::::::::::::::::::::::.:.:::::::::..:.:::::::::::::::::::::::::::::::::::::::::::::::::..:::::::::::.:.::::a.:.::::.:::::::::::::::: ..:..........-�.:.:::::::::.�. Storm sewer 15" storm sewer 1.f. 30 18" storm sewer 1.f. 1124 Storm sewer manhole ea. 5 Storm sewer inlet structure ea. 4 Sanitary sewer 8" sanitary sewer l.f. 1200 Sanitary manhole ea. 8 Water Main 8" water main l.f. 1085 Main line valve ea. 4 Hydrant and hydrant valve ea. 5 Street pavement l.f. 3 F wide 9 1/2" asphalt, w/30" PCC curb & utter l.f. 610 City Clerk's Office 515 Clark Avenue,P.O.Box 811 (A,„nw oy� Ames,IA 50010 ;��P*�s*Q�u Phone: 515-239-5105 F.ej ioPW1 krv;ce Fax: 515-239-5142 July 12, 2000 H& F Builders Partnership 105 S. 16th Street Ames, Iowa 50010 Attention Erb Hunziker Dear Mr. Hunziker: At their meeting of July 11, 2000, the Ames City Council adopted Resolution No. 00-331 accepting completion of the utilities and paving and modifying the amount of financial security for Somerset Subdivision, 5th Addition. As a result, the financial security for public improvements on file with the City for this Subdivision has been reduced to $6,000, and a new Letter of Credit for said amount has been received and approved. If you have any questions, please contact me. Sincerely, Diane Voss City Clerk /dry Copy to: John Joiner, Public Works Sara Lehman, Firstar Bank Firstar Bank Milwaukee, N.A. TELEX MCI 6734217 n RR� �R 777 East Wisconsin Avenue I/�f SWIFT: FVVISUS44 P.O. Box 532 Milwaukee,Wisconsin 53201 U.S.A. �� TELEFAX: 414) 765- BANS TELEFAX (414) 765 4432 432 AUGUST 30, 1999 BENEFICIARY: APPLICANT: CITY OF AMES TAYLOR LAND JOINT VENTURE 515 CLARK AVENUE 105 S . 16TH STREET AMES, IA 50010 AMES, IA 50010 SOMERSET SUBDIVISION, 5TH ADDITION, STORY COUNTY OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. S104226 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 156 ,500 . 00 U. S . DOLLARS (ONE HUNDRED FIFTY SIX THOUSAND FIVE HUNDRED 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 SOMERSET SUBDIVISION, 5TH ADDITION, STORY COUNTY, IOWA HAVE NOT BEEN COMPLETED BEFORE AUGUST 30, 2000 . 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 EXPIRATIOiv 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 S104226 DATED AUGUST 30, 1999" . ****CONTINUED ON NEXT PAGE**** r- .�i Firstar'Bank Milwaukee,N.A. TELEX MCI 6734217 WA 777 East Wisconsin Avenue SWIFT: FWISUS44 P'0. Box 532 TELEFAX: (414) 765-6207 Milwaukee, Wisconsin 53201 U.S.A. TELEFAX: 1414} 765-4432 BANK OUR REF NO. S104226 PAGE 2 CANCELLATION OF LETTER OF CREDIT PRIOR TO EXPIRATION: THIS LETTER OF CREDIT (AND AMENDMENTS, IF ANY) MUST BE RETURNED TO US FOR' CANCELLATIC?N` WITH ASTATEMENT 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 HERESY 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 AUGUST 30, 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. VERY TRULY YOURS, MARGIE REINKX AY BR SER AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE 414 765-4203 414 765-5626 MG 30-2189 11-96 'A"'-FIRSTAR Bank Without Boundaries 405 Main Street ��✓/�� PO Box 828 Ames.Iowa 50010-0828 /�J�^ " 515/232-8200 5151232-5865 Fax August 30, 2000 BENEFICIARY: APPLICANT: CITY OF AMES TAYLOR LAND JOINT VENTURE 515 CLARK AVENUE 105 S. 16TH STREET AMES, IA 50010 AMES, IA 50010 SOMERSET SUBDIVISION, 5TH ADDITION OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. 1195 GENTLEMEN/MADAM: WE HEREBY ESTABLISH IN YOUR FAVOR, OUR IRREVOCABLE STANDBY LETTER OF CREDIT FOR ACCOUNT OF THE APPLICANT BY ORDER OF FIRSTAR BANK N.A., 405 MAIN STREET, AMES, IA 50010 NOT EXCEEDING A TOTAL AMOUNT OF $6,000.00 U.S. DOLLARS (SIX THOUSAND AND 00/100). PAYMENT UNDER THIS LETTER OF CREDIT IS AVAILABLE BY YOUR DRAFT(S) AT SIGHT ON FIRSTAR BANK,N.A., AMES, IA TO BE ACCOMPANIED BY THE FOLLOWING DOCUMENTS: 11 BENEFICIARY'S STATEMENT SIGNED OR PURPORTING TO BE SIGNED BY OR ON BEHALF OF BENEFICIARY CERTIFYING THAT "THE PUBLIC IMPROVEMENT FOR SOMERSET, 5TH ADDITION, AMES, STORY COUNTY, IOWA HAVE NOT BEEN COMPLETED BEFORE AUGUST 30, 2001". 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, N.A. STANDBY LETTER OF CREDIT NUMBER 1195 DATED AUGUST 30, 2000". ****CONTINUED ON NEXT PAGE**** 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,N.A., 405 MAIN STREET, AMES, IA 50010 ATTN: JOHN T. RUSSELL IF DRAWN AND PRESENTED AT THIS OFFICE ON OR BEFORE OCTOBER 18, 2000. 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, JOHN T. RUSSELL STEVE KENT MARKET PRESIDENT VICE PRESIDENT -S6r1WDct1 15 'i'ar Bank,N.A. TELEX MCI 6734217 Milwaukee Operations SWIFT:FWISUS44 Wisconsin Level TELEFAX(414)765-6207 �IRSTAR 777 East Wisconsin Avenue TELEFAX(414)765-4432 Global Services P.O.Box 532 Milwaukee,Wisconsin 53201 DD Y 2000 DECEMBER 21, 2000 C!TV C WOF "'i" CI If liN EPS,jolg BENEFICIARY: CUSTOMER: CITY OF AMES TAYLOR LAND JOINT VENTURE 515 CLARK AVENUE 105 S. 16TH STREET AMES IA 50010 AMES, IA 50010 RE: CHANGE IN STANDBY LETTER OF CREDIT NUMBER AMOUNT: 156, 500 . 00 OLD LETTER OF CREDIT NUMBER: S104226 NEW LETTER OF CREDIT NUMBER: MLWS123546 IN FAVOR OF: CITY OF AMES GENTLEMEN/MADAM: PLEASE BE ADVISED THAT DUE TO A SYSTEM ENHANCEMENT OUR STANDBY LETTER OF CREDIT REFERENCE NUMBER S104226 HAS BEEN CHANGED TO MLWS123546 TERMS AND CONDITIONS OF THIS LETTER OF CREDIT REMAIN UNCHANGED. PLEASE QUOTE OUR NEW LETTER OF CREDIT REFERENCE NUMBER ML 23546 ON ANY FUTURE CORRESPONDENCE. THANK YOU. RE S AUTHORIZ SIGNATURE 414 765-5 26 FIRSTAR BANK, N.A. GLOBAL SERVICES DIVISION MAIL LOC MK-FC-WIIN 777 EAST WISCONSIN AVENUE MILWAUKEE, WI 53201 CC: JOHN RUSSELL ML: IA-SP-1267