HomeMy WebLinkAboutA030 - Reduction of Irrevocable Letter of Credit No. 10058178 to $49,000 FIRST
AMERICAN
BANK Member FDIC
Equal Housing Lender
November 27, 2002
City of Ames, Iowa
515 Clark Avenue
Ames, IA 50010
IRREVOCABLE CREDIT NO: 10058178
Date: July 2, 2002
Amount: $285,500.00
Amended Amount: $79,000.00
Amended Date: July 28, 2002
Expiry: July 2, 2003
Applicant: The Reserve, L.C.
AMENDMENT NUMBER TWO
We hereby amend the above referenced Letter of Credit as follows:
The amount is reduced from Seventy Nine Thousand and no/100 US Dollars
($79,000.00) to an amount not exceeding a total of Forty Nine Thousand and no/100 US
Dollars ($49,000.00).
All other terms and conditions remain unchanged. This amendment forms an intergral
part of the Letter of Credit.
Except as otherwise expressly stated, this credit is subject to Uniform Customs and
Practices for Documentary Credits, 1993 Revision, ICC Publication No. 500.
Yours truly,
First American Bank
By: Dean L. Peyton
Senior Vice President
12333 University Avenue 7031 Douglas Avenue 4729 S.W.9th Street 2805 Beaver Avenue
Clive,Iowa 50325 Urbandale,Iowa 50322 Des Moines,Iowa 50316 Des Moines,Iowa 50310
515-226-9998 Fax 515-440-6999 515-237-5371 Fax 515-278-4767 515-237-5139 Fax 515-285-7241 515-237-5596 Fax 515-279-5077
1530 South Duff Avenue 520 Grand Avenue 120 North Main
Ames,Iowa 50010 Ames,Iowa 50010 Roland,Iowa 50236
515-233-2033 Fax 515-956-3160 515-233-2290 Fax 515-233-4518 515-388-4331 Fax 515-388-4779
John C Joiner/COA Diane R Voss/COA@COA
To
06/09/2004 02:37 PM cc
bcc
Subject Re: LOC[
OK; thanks a lot for checking. The bike path and surface are completed now, anyway. I'll have Art write a
cert for the improvements.
Sorry for the confusion!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
John C. Joiner, P.E.
City of Ames Public Works Dept.
515 Clark Avenue
Ames, Iowa 50010
Desk 515-239-5165
Fax 515-239-5404
Diane R Voss/COA
Diane R Voss/COA
06/09/2004 12:01 PM To John C Joiner/COA@COA
cc
Subject Re: LOCI
According to Resolution No. 02-603,which approved lessening the amount of the security to$49,000, the
two remaining improvements at that time were street surface paving and bike paths. The initial LOC did
include$5,500 for a bike path. However, the LOC has now expired (as of July 2, 2003), so we have no
security on file for them.
Diane Voss, City Clerk
P. O. Box 811
Ames, Iowa 50010
(515)239-5105