HomeMy WebLinkAboutA021 - Letter dated June 13, 2001 releasing letter of credit with copy - City Clerk's Office
515 Clark Avenue,P. 0. Box 811
Caring People Ames,IA 50010
Q"°luv P'°g'°"� Phone: 515-239-5105
Eveprion°l.Service
Fax: 515-239-5142
June 13, 2001
Stone Brooke Partnership
105 S. 16th Street
Ames, Iowa 50010
Attention Bill Allen
RE: Stone Brooke, 6th Addition
Dear Mr. Allen:
At their meeting of June 12, 2001, the Ames City Council adopted Resolution No. 01-248
approving completion of street surface paving for the above-named Subdivision and authorizing
the release of the security being held therefor. Enclosed is the original Irrevocable Letter of Credit
#0014 in the amount of$10,000. Please notify your financial institution that same has been
released.
If you have any questions, please contact me.
Sincerely,
Diane Voss
City Clerk
/dry
Enclosure
Copy to: Edward C. Jacobson, First National Bank
ST FIRST
NATIONAL
BANK AMES
Locally owned...working for you since 1903.
July 18, 2000
IRREVOCABLE LETTER OF CREDIT#0014
RE: Stone Brooke Partnership 6'Addition— Street Improvements
CITY OF AMES
515 Clark
Ames, IA 50010
RE: : Stone Brooke Partnershp
105 S. 16' Street
Ames, IA 50010
Gentlemen:
We hereby open our Irrevocable Letter of Credit#0014 in favor of:
CITY OF AMES
515 Clark
Ames, IA 50010
For the account of:
STONE BROOKE PARTNERSHIP
105 S. 16`h Street
Ames, IA 50010
in the amount of $10,000.00 U.S. Dollars. Irrevocable Letter of Credit #0014 will expire on
July 1, 2001.
Drafts for payment must be accompanied by the following:
1. Beneficiary's signed statement indicating that the invoices are unpaid.
2. Copy of this Irrevocable Letter of Credit#0014.
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.
incere
Edward C. Jacobson APPROM AS tv
FOPM
Sr. Vice President v'� 3Y
John R.KIWA
CftyY
MAIN OFFICE UNIVERSITY OFFICE CUB FOODS OFFICE NORTH GRAND OFFICE
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