HomeMy WebLinkAboutA029 - Letter dated August 11, 2004 releasing Irrevocable Standby Letter of Credit No. 0313 City Clerk's Office
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515 Clark Avenue,P. 0.Box 811
Quality'Prog9rams
AC,,,,P-pkAmes,IA 50010
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E-W"ondSer'ice Phone: 515-239-5105
Fax: 515-239-5142
August 11, 2004
Hunziker&Associates
105 S. 16th Street
Ames, Iowa 50010
Attention Chuck Winkleblack
RE: Somerset Subdivision, 13th Addition
Dear Chuck:
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. 0313
in the amount of$133,756.50.
If you have any questions,please contact me.
Sincerely,
Diane Voss
City Clerk
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Enclosure
Copy to: Scott T. Bauer, Sr. Vice-President,First National Bank
ST FIRST 101Vq�
NATIONAL
BANKAMES
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Issue Date: September 29,2003
Irrevocable Letter of Credit No. 0313 RE: Somerset Thirteen Addition
City of Ames
515 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. 0313 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$133,756.50 U.S. Dollars. Irrevocable Letter of Credit No. 0313 will expire on
September 29,2004.
Drafts for payment must be accompanied by the fallowing:
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. 0313.
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.
Sincerely,
By _
Scott T. Bauer, Sr. Vice President
A'PROV TO FORM
BY
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