HomeMy WebLinkAboutA020 - Letter dated July 14, 2005 releasing security with copy of letter of credit City Clerk's Office
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�+ag P-Pk Ames,IA 50010
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July 14, 2005
Nyemaster Law Firm
P. O. Box 2230
Ames, Iowa 50010
Attention Deb Krauth
RE: Longview Subdivision, 3rd Addition
Dear Deb:
At their meeting of July 12, 2005,the Ames City Council passed Resolution No. 05-296 accepting
completion of public improvements and releasing the financial security for the above-named
Subdivision. Letter of Credit No. 0329 in the amount of$104,876.56 is being returned to you
herewith.
If you have questions,please call. Thanks for your assistance!
Sincerely,
(�/J�
Diane Voss
City Clerk
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Enclosure
STFIRST
NATIONAL
BANKAMES
Issue Date: September 27,2004
Irrevocable Letter of Credit No. 0329 RE: Longview Third 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. 0329 in favor of
City of Ames
515 Clark
Ames, Iowa 50010
For the account of-. E&M Hunziker Development LLC
105 S. 16'h St.
Ames,Iowa 50010
In the amount of$104,876.56 U.S.Dollars. Irrevocable Letter of Credit No. 0329 will expire on
September 27,2005.
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. 0329.
Partial payments are perr•L+ted.
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, APPROVED AS TO FORM
/� BY
By: /�j1n H Ile City
R.Klaus
City Attorney
Ann M.Martin,Vice President
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