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Home My WebLink AboutA017 - Correspondence regarding securities AMES CITY OF AMES III P.O.BOX811 AMES IOWA 50010 Community-University-Opportunity CITY HALL, 515 Clark Avenue, Ames, IA 50010 (515-239-5105) CITY CLERK'S OFFICE August 9, 1995 Frank Schill Schill & Sons, Inc. 112 Crystal Street Ames, Iowa 50010 RE: Release of Security for Country Gables, 8th Addition Dear Mr. Schill: As we discussed today, Jerry Byg has approved the release of security on file in our office for Country Gables 8th Addition public improvements (paving.) I've enclosed Certified Check No. 4562 in the amount of $5,000. Also enclosed is a copy of my February 7,- 1995 letter to you regarding release of security for streetlights in this subdivision. (I found this letter on file after speaking with you by phone today.) Finally, I've enclosed Letter of Credit No. 930 (on file for Country Gables, 5th Addition, Street and Streetlights) , and the 1987 bond amendment from Merchants Bonding Company pertaining to Country Gables, 7th Addition. Please let me know if you have any further questions for me regarding these documents, or you may contact Mr. Byg at 239-5163. Thank you. Sincerely, Sandra L. Ryan 1 City Clerk Date October 4, 1994 -- TO WHOM IT_MA.Y_CONCERN: I, Sandra L. Ryan hereby certify that I have this date received from Don Payer, for F. Schill & Sons, Inc. , a Certified Check NO. 4562 in the amount of $ 5,000.00 OR Surety Bond Number issued by First National Bank Company of Ames, Iowa in the amount of $ which was placed on file in the Ames City Clerk's office, 515 Clark Avenue for the development of raving public improvements in Country gahlPs, Rth additinn Subdivision, City of Ames, Iowa. CITY CLERK'S OFFICE (Signature) 3 /f (Title) 1 AMES ' II ' CITY OF . AMES P.O.BOX811 AMES IOWA 50010 Community-University-Opportunity CITY HALL, 515 Clark Avenue, Ames, IA 50010 (515-239-5105) CITY CLERK'S OFFICE February 7, 1995 Frank Schill Schill & Sons, Inc. 112 Crystal Street Ames, Iowa 50010 RE: Release of Security for Streetlights, Country Gables, 8th Addition Dear Mr. Schill: Tim Reed, Electrical Engineer for the City of Ames, Iowa, has indicated that it is appropriate to release the security for streetlights in Country Gables, 8th Addition. Enclosed is Certified Check #4558 in the amount of $2,400.00 for the streetlights. If ,you should have any questions regarding this matter, please feel free to contact Mr. Reed at 239-5206 or our office at the above number. Thank you. Sincerely, 1 Sandra L. Ryan City Clerk Enclosure IRREVOCABLE LETTER OF CREDIT NO. 930 Dated: 11 '20-92 City of Ames, Iowa 515 Clark Ames, IA 50010 ATTN: City Clerk We hereby authorize the City of Ames; Iowa to draw on the First National Bank, Ames, Iowa 50010 for the account of Frank Schill & Sons, Inc., developer of Country Gables 5th Addition, Ames, Iowa up to the aggregate amount of USD $13,000.00 (Thirteen Thousand and 00/100 United States Dollars) available by your draft(s) at sight accompanied by the following documents: Signed statement of the Director of Planning and Housing of the City of Ames, Iowa that the street and street lights for the Country Gables 5th Addition, Ames, Iowa project have not been completed to meet the plans and specifications approved by the City of Ames before November 20, 1993. Each draft must state that it is "Drawn under First National Bank Letter of Credit No. 930 dated November 20, 1992". This credit and all documents specified must accompany -the draft(s) . We hereby agree that all draft(s) drawn under and in compliance with the terms of this credit will be duly honored on delivery of documents as specified if presented at this office in Ames, Iowa no later than November 20 1993. FIRST NATIONAL BANK Ames, Iowa Edward C. acobson, Sr. )Give, Pres. 9 0 N q / p " IOWA dJ�oea ?ate MU' NIM�G 0®o //LLLT.LI z 2100 GRAND AVENUE DES MOINES, IOWA 50312 ENDORSEMENT It is hereby understood and agreed that Bond No.: IAC 3040 Principal: Frank Schill & Sons Inc. , Obligee: City of Ames in the MERCHANTS BONDING COMPANY(Mutual), is amended, from: BOND AMOUNT: Ten Thousand Three Hundred Forty Nine & No/100ths ($10,349.00) Dollars. TO: BOND AMOUNT: Seven Thousand One Hundred Forty Nine & No/100ths ($7,149.00) Dollars. All terms and conditions of said bond, except as above changed, to remain the same. Signed, sealed and dated this llth day of February 1987 MERCHANTS BONDING COMPANY(Mutual) By Robert F. Peck, Attorney-in-Fact MERCHANTS BONDING COMPANY — MUTUAL — DES MOINES, IOWA POWER OF ATTORNEY Know All Men By These Presents,that the MERCHANTS BONDING COMPANY(Mutual),a corporation duly organized under the laws of the State of Iowa, and having its principal office in the City of Des Moines,County of Polk,State of Iowa, hath made,constituted and appointed,and does by these presents make,constitute and appoint Brett E. Harman or Robert F. Peck of Dees Moines and State of IOWa its true and lawful Attorney-in-Fact,with full power and authority hereby conferred in its name, place and stead,to sign,execute, acknowledge and deliver in its behalf as surety: Any and all bonds and to bind the MERCHANTS BONDING COMPANY(Mutual)thereby as fully and to the same extent as if such bond or undertaking was signed by the duly authorized officers of the MERCHANTS BONDING COMPANY(Mutual),and all the acts of said Attorney,pursuant to the authority herein g;en, are hereby ratified and confirmed. This Power-of-Attorney is made and executed pursuant to and by authority of the following By-Laws adopted by the Board of Directors of the MERCHANTS BONDING COMPANY(Mutual). ARTICLE 2,SECTION 6A.—The Chairman of the Board or President or any Vice President or Secretary shall have power and authority to appoint Attorneys-in-Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto,bonds and undertakings,recognizances,contracts of indemnity and other writings obligatory in the nature thereof. ARTICLE 2,SECTION 66.—The signature of any authorized officer and the Seal of the Company may be affixed by facsimile to any Power of Attorney or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligations of the Company,and such signature and seal when so used shall have the same force and effect as though manually fixed. In Witness Whereof, MERCHANTS BONDING COMPANY(Mutual)has caused these presents to be signed by its Vice President and Executive Vice President,and its corporate seal to be hereto affixed,this day lst of December A.D., 19 86 Attest: MERCHANTS BONj31f�ItJY(Mutual) �Q .... , • y J' • y•�. Vice President +•�.1fli,'••Executi�F-�President STATE OF IOWA •.�l .• COUNTY OF POLK ss. '••..... On this lst day of December 19 86 before me appeared M.J. Long and Rodney Bliss III,to me personally known,who being by me duly sworn did say that they are Vice President and Executive Vice President respectively of the MERCHANTS BONDING COMPANY(Mutual),the corporation described in the foregoing instrument,and that the Seal affixed to the said instrument is the Corporate Seal of the said Corporation and that the said instrument was signed and sealed in behalf of said Corporation by authority of its Board of Directors. In Testimony Whereof, I have hereunto set my hand and affixed my Official Seal,at the City of Des Moines, Iowa the day and year first above written. • Q rp . Notary Public,Polk County.Iowa IOWA M My Commission Expires 2•• O 8-4-89 •.....T •. STATE OF IOWA q H I A\-��"' COUNTY OF POLK ss. I,M.J.Long,Vice President of the MERCHANTS BONDING COMPANY(Mutual),do hereby cgrjitjtgat the above and foregoing is a true and correct copy of the POWER OF ATTORNEY, executed by saiqj►v I S•PONDING COMPANY(Mutual),which is still in force and effect. In Witness Whereof, I have hereunto set my hand and affixed the seal of the Company, at Des Md • y . this llth day of February 19, 87 _ �'•'` 1933 This power of attorney expires Until Revoked °•�+;�y \1+.'