HomeMy WebLinkAboutA013 - Letter dated July 20, 2000 releasing letter of credit with copy City Clerk's Office
515 Clark Avenue,P.O.Box 811
c:ari"g Pr°pte Ames,IA 50010
ExcrpliExcessnr Prog Snvire r°rns Phone: 515-239-5105
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Fax: 515-239-5142
July 20, 2000
Stone Brooke Partnership
105 S. 16th Street
Ames, Iowa 50010
Attention Bill Allen
RE: Stone Brooke, 6th Addition
Dear Mr. Allen:
On July 20, 2000, you filed with the City of Ames a Letter of Credit#0014 in the amount of
$10,000 as security for the completion of street improvements in the above-referenced subdivision.
Prior to the filing of the Final Plat, you had filed a Letter of Credit#0001 in the amount of
$44,800, and that Letter of Credit is now released and is being returned to you under this cover.
If you have any questions,please contact me.
Sincerely,
Diane Voss
City Clerk
/dry
Enclosure
Copy to: John Joiner, Public Works
Edward C. Jacobson, First National Bank
Q.,
• a' a
STFIRST
NATIONAL
BANK AMES
Locally owned...working for you since 1903.
March 2, 2000
IRREVOCABLE LETTER OF CREDIT#0001
RE: Stone Brooke Partnership 60'Addition— Street Improvements
CITY OF AMES
515 Clark
Ames, IA 50010
RE: Stone Brooke Partnership
105 S. 16"' Street
Ames, IA 50010
Gentlemen:
We hereby open our Irrevocable Letter of Credit#0001 in favor of:
CITY OF AMES
515 Clark
Ames, IA 50010
For the account of:
STONE BROOKE PARTNERSHIP
105 S. 10h Street
Ames, IA 50010
in the amount of $44,800.00 U.S. Dollars. Irrevocable Letter of Credit #0001 will expire on
January 1, 2001.
Drafts for payment must be accompanied by the following:
1. 'Copids-of ail invoices which have remained unpaid°.or 60 days,from invoice date.
2. Beneficiary's signed statement indicating that the invoices are unpaid.
3. Copy of this Irrevocable Letter of Credit#0001.
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.
Since Ty, ;... ; APPROVED AS TO FORM
i
1.........- _. BY
Edward C. Jacobson John R. Klaus
Sr. Vice President v-'�
City Attomey
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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