HomeMy WebLinkAboutA020 - Letter to Hunziker & Associates dated October 25, 2000 - expiration of Letter of Credit No. 9907 - ' City Clerk's Office
515 Clark Avenue,P. O. Box 811
Ames,IA 50010
Caring People
Quality Programs Phone: 515-239-5105
F.eptiorwl.umia Fax: 515-239-5142
October 25, 2000
Hunziker& Associates
105 S. 16th Street
Ames, Iowa 50010
Attention Chuck Winkleblack
RE: Somerset Subdivision, 7th Addition
Dear Chuck:
At their meeting of October 24, 2000, the Ames City Council accepted completion of the public
improvements required for the above-named Subdivision and released the financial security being
held therefor.
As you are aware, your Letter of Credit numbered 9907 actually expired on October 15, 2000; it is
being returned to you herewith. If you have any questions, please contact me.
Thank you for your assistance and cooperation in this matter.
Sincerely,
Diane Voss
City Clerk
/dry
Enclosure
Copy to: Tom Pohlman, First National Bank
bTFIRST
NATIONAL
BANKAM ES Locally owned...working for you since 1903.
October 15, 1999
IRREVOCABLE LETTER OF CREDIT#9907 RE: Somerset-7`h Addition- Sidewalks, Streetlights
CITY OF AMES
515 Clark
Ames, IA 50010
RE: Erben A. Hunziker, as Trustee of the Erben A. Hunziker Revoc, �P rG v tz� Yj
Donald M. Furman and Ruth W. Furman, Co-Trustees of the Dc
Dated March 1, 1991, and R. Friedrich& Sons
105 South 16`h Street
Ames, 1A 50010
Gentlemen: v
We hereby open our Irrevocable Letter of Credit#9907 in favor of:
CITY OF AMES
515 Clark ---
Ames, IA 50010
For the account of-
Erben A. Hunziker, as Trustee of the Erben A. Hunziker Revocable Trust Dated July 28, 1992, and Donald M.
Furman and Ruth W. Furman, Co-Trustees of the Donald and Ruth Furman Revocable Trust Dated March 1,
1991, and R. Friedrich& Sons
105 South 161h Street
Ames, IA 50010
in the amount of$15,000.00 U.S. Dollars. Irrevocable Letter of Credit 49907 will expire on October 15, 2000.
Drafts for payment must be accompanied by the following:
1. Copies of all invoices which have remained unpaid for 60 days from invoice date.
2. Beneficiary's signer? staterzent indicating that tho invoices are U.-
Copy of this Irrevocable Letter of Credit#9907.
Partial payments are permitted.
We hereby agree that drafts drawn under and in compliance with the terms of this Letter of Credit will be duly
honored.
This letter of credit is subject to the Uniform Customs and Practices for Commercial Documentary Credits
(1983)Revision, International Chamber of Commerce Publication#400.
Si cerely,
Thomas H. Pohlman
Executive Vice President
MAIN OFFICE UNIVERSITY OFFICE CUB FOODS OFFICE NORTH GRAND OFFICE
5th&Burnett PO Box 607 Ames,IA 50010 2330 Lincoln Way Ames,IA 50014 3121 Grand Ames,IA 50010 2406 Grand Ames,IA 50010
515-232-5561 FAX 515-232-5778 515-292-6157 515-233-3363 515-233-2400
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