HomeMy WebLinkAboutA008 - Irrevocable Letter of Credit No. s102932 dated October 30, 1997 Firstar Banlc NlilWaukee,N.A. TELEX TRT
777 East Wisconsin Avenue 191178
P.O,"Box 532 S,_ WIFT: FWISUS44
Milwaukee, Wisconsin 53201 U.S.A. n TELEFAX: (414)765-6207
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OCTOBER 30, 1 1997
�/�o BENEFICIARY: APPLICANT
CITY OF DES HUNZIKER DEVELOPMENT CO- r LC
ATTN-.' ST SANDY ,RYAN 105 �5. 16TH -
REET
515 CLARK .AVENUE AMES, IA 50010
AMES; - IA 5.0010
OUR, IRREVOCABLE STANDBY LETTER OF CREDIT NO. "'S102932
PROJECT: PUBLIC IMPRO
VEMENTS',-- HILLSI;DE ._SUBDIVISION
GENTLEMEN/MADAM:
WE "HEREBY ESTABLISH IN YOUR .FAVOR, OUR IRREVOCABLE STANDBY
LETTER "OF CREDIT FOR ACCOUNT OF THE APPLICANT BY. ORDER"OF
FIRSTAR BANK.IOWA, N'.A. -AMES, 405 MAIN STREET, AMES, : IA 50010
NOT` EXCEEDING A TOTAL AMOUNT':OF 30,000. 00 U:S` 'DOLLARS" (THIRTY-. °
THOUSAND 00/1.00 U.S: DOLLARS) .
PAYMENT UNDER THIS LETTER OF 'CREDIT IS ,AVAILABLE BY ,YOUR`.
" � . DRAFT(S) ATE"SIGHT ON FIRSTAR ;BANK "MILWAUKEE, N,.A. MILWAUKEE,�.WI
TO BE ACCOMPANIED BY THE FOLLOWING DO!CUMENTS;., l
BENEFICIARY"S STATEMENT SIGNED OR PURPORTING" TO BE SIGNED BY OR
ON "BEHALF_OF. BENEFICIARY _CERTIFYING THAT SIDEWALK -
'IMPROVEMENTS;-CALLED FOR BY THE AGREEMENT- FOR PUBLIC IMPROVEMENTSFOR HILLSIDE
SUBDIVISION," THIRD ADDITIONS; AMES, STORY COUNTY, IOW& HAVE NOT
BEEN" COMPLETEDfBEFORE :OCTOBER" 31, " 199.-8.
PARTIAL DRAWINGS ARE- PERMITTED
****CONTINUED" ON NEXT PAGE**
)-21898(949)
FIWA.� Firstar Bank Milwaukee, N.A. TELEX TRT 191178
777 East Wisconsin Avenue
P.O. Box 532 SWIFT: FWISUS44
BANKMilwaukee, Wisconsin 53201 U.S.A. TELEFAX: (414) 765-6207
OUR REF. NO. S102932 PAGE 2
THE AMOUNT OF ANY DRAFT(S) DRAWN UNDER THIS CREDIT MUST BE
ENDORSED ON THE REVERSE OF THE ORIGINAL CREDIT. ALL DRAFTS MUST
BE MARKED "DRAWN UNDER FIRSTAR BANK MILWAUKEE, N.A. STANDBY
LETTER OF CREDIT NUMBER S102932 DATED OCTOBER 30, 1997" .
CANCELLATION OF LETTER OF CREDIT PRIOR TO EXPIRATION: THIS
LETTER OF CREDIT (AND AMENDMENTS, IF ANY) MUST BE RETURNED TO US
FOR CANCELLATION WITH A STATEMENT PURPORTEDLY SIGNED BY THE
BENEFICIARY STATING THAT THE LETTER OF CREDIT IS NO LONGER
REQUIRED AND IS BEING RETURNED TO THE ISSUING BANK FOR
CANCELLATION.
WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER AND IN
COMPLIANCE WITH THE TERMS OF THIS CREDIT WILL BE DULY HONORED ON
PRESENTATION AND DELIVERY OF DOCUMENTS, AS SPECIFIED, TO FIRSTAR
BANK MILWAUKEE, N.A. , LETTER OF CREDIT DEPARTMENT, P.O. BOX 532,
MILWAUKEE, WI 53201, OR TO FIRSTAR BANK IOWA, N.A. -AMES, 405,
MAIN ST. , AMES, IA 50010, ATTENTION: MR. JOHN T. RUSSELL IF
DRAWN AND PRESENTED ON OR BEFORE OCTOBER 31, 1998, OR ANY
EXTENDED DATE AS PREVIOUSLY INDICATED.
THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDITS ( 1993 REVISION) , INTERNATIONAL CHAMBER OF
COMMERCE PUBLICATION NO. 500 .
VERY TRULY YOURS,
�RG FINE KAY BR MSER
414 765-5626
KB
0-2189B(9491