HomeMy WebLinkAboutA017 - Letter dated August 11, 2004 releasing Letter of Credit No. 0314 Citv Clerk's Office
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515 Clark Avenue,P.O.Box 811
a_WP'9_M Ames IA 50010
F—pkand Service
Phone: 515-239-5105
Fax: 515-239-5142
August 11, 2004
Nyemaster Law Firm
1416 Buckeye, Ste. 200
Ames, Iowa 50010
Attention Deb Krauth
RE: Brookview Place West Subdivision, 2nd Addition
Dear Deb:
At their meeting of August 10, 2004, the Ames City Council released the financial security on file
for the above-named Subdivision. Enclosed is the Irrevocable Standby Letter of Credit No. 0314
in the amount of$107,533.80.
If you have any questions, please contact me.
Sincerely,
Diane Voss
City Clerk
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Enclosure
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Issue Date: September 29,2003
Irrevocable Letter of Credit No. 0314 RE: Brookview Place West Second Addition
City of Ames
515 Clark
Ames, IA 50010
RE: E&M Hunziker Development LLC
105 S. 16'h St.
Ames, Iowa 50010
Gentlemen: .
We hereby establish our Irrevocable Letter of Credit No. 0314 in favor of
City of Ames
515 Clark
Ames,Iowa 50010
For the account of. E&M Hunziker Development LLC
105 S. 16"'St.
Ames,Iowa 50010
In the amount of$107,533.80 U.S. Dollars. Irrevocable Letter of Credit No. 0314 will expire on
September 29, 2004.
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 No. 0314.
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 Practice for Documentary Credit
(1993)Revision, International Chamber of Commerce Publication#400.
Sincerel
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Scott T.Bauer, Sr. Vice President
APPROV D AS TO FORM
BY �--- —.
John R.IQ W
City Attorney
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