HomeMy WebLinkAboutA012 - Letter of Credit No. 0206 dated April 17, 2002 with receipt STFIRST
NATIONAL
BANK AMES
Locally owned...working foryou since 1903.
April 17, 2002
IRREVOCABLE LETTER OF CREDIT#0206
RE: Longview Subdivision, 1st Edition Paving and Street Lights APR , 8 2002 a.
� '� E it
CITY OF AMES —v
515 Clark CIa`d CI Ci4
Ames, IA 50010 -— CiTtr OF P,Pdlc S,IOWA -
- Rc: Erben and Margaret Hunziker Apartments, LLC — — -
105 S 16th Street
Ames, IA 50010
Gentlemen:
We hereby open our Irrevocable Letter of Credit#0206 in favor of:
CITY OF AMES
515 Clark
Ames, IA 50010
The amount of the Letter of Credit is$171,567.
Irrevocable Letter of Credit#0206 will expire on December 31, 2002.
Drafts for payment must be accompanied by the following:
1. Beneficiary's signed statement indicating that the invoices are unpaid.
2. Copy of this Irrevocable Letter of Credit#0206.
Partial payments are permitted.
We hereby agree that drafts drawn under and in compliance with the terms of this Letter of Credit will be duly
honored.
-This letter of credit is subject to the Uniform Customs and Practices for Commercial Documentary Credits (1983)
Revision, International Chamber of Commerce Publication#400.
Sincerely:
Ao�� .&Lwa.,
Thomas H. Pohlman
President
APPAOMA$TO FOM
QyAormy
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
www.FNBames.com
., ' CityClerk's Office
515 Clark Avenue,P.O.Box 811
Ames,IA 50010
Caring P`° ` Phone: 515-239-5105
Quality rro +,N
Eznp;o Fax: 515-239-5142
April 18, 2002
TO WHOM IT MAY CONCERN:
I, Diane Voss, hereby certify that I have this date received from First National Bank, on behalf of
Hunziker&Associates, an Irrevocable Letter of Credit in the amount of$171,567.
Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of public improvements, specifically, street improvements (ACC, curb and gutter) and
street lights, in the Longview Subdivision, 1st Addition, City of Ames, Iowa.
By:
Diane Voss
Title: City Clerk
City Clerk's Office
Caring People
Quality Programs
Erceptional Service
TO: City Clerk's Office
FROM: JoAW -JOIA(Ee , Public Works Department
DATE: 4r,( 19, Z V0Z-
SUBJECT: Required Security for Subdivision
A bond* in the amount of$ 17 110 T& 7 is required for the ZoNGVICY&( Sr
Subdivision. The bond will secure acceptable performance of the following public improvements:
Improvement Amount
STeE�7- /4� C a Ca) $/(00 01�7
/dry
*Bond: Any form of security including a letter of credit, a cash deposit, surety bond, collateral, property
or instrument of credit in an amount and form satisfactory to the City Council.