HomeMy WebLinkAboutA014 - Irrevocable Letter of Credit No. 0302 dated February 7, 2003 with receipt letter Sr FIRST 10�'���
NATIONAL �y (�) (�) 97A
BANKAMES
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Issue Date: February 7,2003
Irrevocable Letter of Credit No. 0302 RE: Dayton Park Subdivision—41h Addition(Storm Sewer)
City of Ames
515 Clark
Ames,Iowa 50010
RE: Dayton Park,LLC
105 South 16"'St
Ames, Iowa 50010
Gentlemen:
We hearby establish our Irrevocable Letter of Credit#0302 in favor of
City of Ames
515 Clark
Ames,Iowa 50010
For the account of: Dayton Park, LLC
105 South 16t"St
Ames, Iowa 50010
In the amount of$51,420.00 U.S. Dollars. Irrevocable Letter of Credit#0302 will expire on
September 30,2003.
Drafts for payment must be accompanied by the following:
1. Copies of all invoices which have remained unpaid for 60 days from invoice date.
2. Beneficiary's signed statement indicating that the invoices are unpaid.
3. Copy of this Irrevocable Letter of Credit#0302.
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,
Scott T Bauer
Sr.Vice President
MAIN OFFICE UNIVERSITY OFFICE CUB FOODS OFFICE NORTH GRAND OFFICE
405 5th Street 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
- City Clerk's Office
515 Clark Avenue,P. 0.Box 811
Caring People Ames,IA 50010
QualityEwepfi Pro ram
Service
Phone: 515-239-5105
EuepNonal Service
Fax: 515-239-5142
February 7, 2003
— ------TOWHOMIT-MAYCONCERN: -_____ - -- -- ---- - - -
I,Jill L. Ripperger,hereby certify that I have this date received from First National Bank of Ames, a
Irrevocable Letter of Credit No. 0302 in the amount of$51,420.00.
Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of storm sewer public improvements in Dayton Park Subdivision,4`h Addition,City of
Ames, Iowa.
By:
Jill L. Ripperger
Title: Deputy City Clerk