HomeMy WebLinkAboutA004 - Irrevocable Letter of Credit No. 0324 dated July 15, 2004 - $254,927 sr FIRST
NATIONAL
DANK AMES
Issue Date: July 15, 2004
Irrevocable Letter of Credit No. 0324 RE: Somerset 17'h 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.0324 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$254,927.00 U.S.Dollars. Irrevocable Letter of Credit No. 0324 will expire on
July 15, 2005.
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. 0324.
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.
APPROVED AS TO FORM
Sincer ly, BYE/
John R.Klaus
By- City Attomey
Thomas H. Pohlman,President
Main Office University Office Cub Foods Office North Grand Office
405 5th Street 2330 Lincoln Way 3121 Grand Avenue 2406 Grand Avenue
Ames, IA 50010 Ames, IA 50014 Ames, IA 50010 Ames, IA 50010
515-232-5561 515-292-6157 515-233-3363 515-233-2400
Fax 515-232-577.8
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