HomeMy WebLinkAboutA020 - Letter dated October 27, 2004 releasing Letter of Credit No. 0312 - City Clerk's Office
515 Clark Avenue,P. 0.Box 811
Caring People Ames,IA 50010
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October 27, 2004
Nyemaster Law Firm
1416 Buckeye, Ste. 200
Ames, Iowa 50010
Attention Deb Krauth
RE: Longview Subdivision, 2nd Addition
Dear Deb:
At their meeting of October 26, 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. 0312.
If you have any questions,please contact me.
Sincerely,
Diane Voss
City Clerk
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Enclosure
Copy to: Scott Bauer, First National Bank
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NATIONAL
BANKAMES
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Issue Date: September 29, 2003
Irrevocable Letter of Credit No. 0312 RE: Longview Second Addition
City of Ames
51-5 Clark
Ames, IA 50010
RE: E&M Hunziker Development LLC
105 S. 16"'St.
Ames, Iowa 50010
Gentlemen:
We hereby establish our Irrevocable Letter of Credit No. 0312 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$89,263.53 U.S. Dollars. Irrevocable Letter of Credit No. 0312 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.0312.
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.
Sincere
By:
Scott T.Bauer, Sr.Vice President APPROVED AS TO FORM
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John R.IUaus
City Attomey
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