HomeMy WebLinkAboutA009 - Letter of Credit #9906 - $105,000 ST FIRST
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BANKAMES
October 15, 1999 0 Locally owned...working for you since 1903.
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IRREVOCABLE LETTER OF CREDIT#9906 \ RE: Somerset—7' ition—�;'" , Sewer, Water
CITY OF AMES ( �
515 Clark
Ames, IA 50010
RE: Erben A. Hunziker, as Trustee of the Erben A. Hunziker Locable Tru>;t 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 10' Street
Ames, IA 50010 j C)
Gentlemen:
We hereby open our Irrevocable Letter of Credit#9906 in favor o£ �O ��(0.A S
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 16'h Street
Ames, IA 50010
in the amount of$105,000.00 U.S. Dollars. Irrevocable Letter of Credit#9906 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.
Z. Beneficiary's signed statement 1—icating that the :::voices --re unpaid.
3. Copy of this Irrevocable Letter of Credit#9906.
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,
`n�,
Thomas H. Pohlmm an
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
www.FNBames.com
City Clerk's Office
515 Clark Avenue,P. O.Box 811
'A`i ri"g People Ames,IA 50010
Qualino PrograSe ml Phone: 515-239-5105 Eweplin,wIunl.Srrvilr
Fax: 515-239-5142
October 18, 1999
TO WHOM IT MAY CONCERN:
I, Diane R. Voss, hereby certify that I have this date received from Erben Hunziker/Donald and Ruth
Furman/R. Friedrich & Sons letters of credit in the amount of$105,000 (for paving, sewer, water
improvements) and $15,000 (for sidewalks and streetlights).
Said instruments have been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of the aforementioned public improvements in the Somerset Subdivision, 7th Addition,
to the City of Ames, Iowa.
By: C-A M v'P
Diane R. Voss
Title: City Clerk