HomeMy WebLinkAboutA021 - Letter dated May 24, 2000 releasing letters of credit with copies - City Clerk's Office
515 Clark Avenue,P.O.Box 811
Ames,IA 50010
Gornto People Phone: 515-239-5105
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Exiepiiaeal Service Fax: 515-239-5142
May 24, 2000
Richard H. Sevde Trust
1021 Airport Road
Ames, Iowa 50010
Attention Karin Sevde
Dear Karin:
At their meeting of May 23, 2000, the Ames City Council adopted Resolution No. 00-244
accepting completion of the utilities and paving and modifying the amount of financial security for
Southern Hills Subdivision, 2nd Addition. As a result, the financial security for public
improvements on file with the City for this Subdivision has been reduced to zero, and the Letters
of Credit, now released, are enclosed for your file or further forwarding to the issuer.
If you have any questions, please contact me.
Sincerely,
Diane Voss
City Clerk
/dry
Enclosure
Copy to: John Joiner, Public Works
STFIRST
NATIONAL
BANK AMES
Locally owned...working for you since 1903.
May 14, 1999
City of Ames
515 Clark
Ames, IA 50010
Irrevocable Letter of Credit No. 9902
Amount: $225,000.00
Gentlemen:
We hereby establish our Irrevocable Standby Letter of Credit No. 9902 in your favor and
we hereby irrevocably agree to make funds available to you hereunder at our office at
405 5th Street, Ames, Iowa 50010, for the account of Sevde Transfer and Storage, up to
the amount of U.S. $225,000.00 effective May 14, 1999, expiring at our office described
above, at our close of business on November 15, 1999.
Funds are available to you, from time to time,not exceeding in the aggregate amount
specified above, against presentation of a draft.
All drafts drawn hereunder must bear the clause"Drawn under First National Bank,
Ames, Iowa, Irrevocable Letter of Credit No. 9902 dated May 14, 1999".
This Letter of Credit is subject to the Uniform Customs and Practice for Documentary
Credit (1993)Revision, International Chamber of Commerce Publication#400.
Yours truly,
- i � -- qq
First National Bank, Ames, Iowa j
By:
Terrill L. Wyc f, ice 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
C.
SrFIRST
NATIONAL
BANK AMES
Locally owned...workinp for you since 1903.
May 14, 1999
City of Ames
515 Clark
Ames,IA 50010
Irrevocable Letter of Credit No. 9903
Amount: $25,000.00
Gentlemen:
We hereby establish our Irrevocable Standby Letter of Credit No. 9903 in your favor and
we hereby irrevocably agree to make funds available to you hereunder at our office at
405 5th Street, Ames, Iowa 50010, for the account of Sevde Transfer and Storage, up to
the amount of U.S. $25,000.00 effective May 14, 1999, expiring at our office described
above, at our close of business on November 15, 1999.
Funds are available to you, from time to time,not exceeding in the aggregate amount
specified above, against presentation of a draft.
All drafts drawn hereunder must bear the clause"Drawn under First National Bank,
Ames, Iowa, Irrevocable Letter of Credit No. 9903 dated May 14, 1999".
This Letter of Credit is subject to the Uniform Customs and Practice for Documentary
Credit(1993) Revision, International Chamber of Commerce Publication#400.
Yours truly,
First National Bank, Ames, Iowa
By:
Terrill L. Wyco ice President
MAIN OFFICE UNIVERSITY OFFICE CUB FOODS OFFICE NORTH GRAND OFFICE
51h&Burnett PO Box 607 Ames.IA 50010 2330 Lincoln Wav Ames.IA 50014 3121 Grand Ames.IA 50010 2406 Grand Ames.IA 50010