HomeMy WebLinkAboutA007 - Irrevocable Letter of Credit No. 0339 dated September 12, 2005 - $283,790 STFIRST
NATIONAL
BANK AMES
Issue Date: September 12, 2005
Irrevocable Letter of Credit No. 0339 RE: Somerset 20`h 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. 0339 in favor of
City of Ames
515 Clark
Ames, Iowa 50010
For the account o£ E&M Hunziker Development LLC
105 S. 16`h St.
Ames,Iowa 50010
In the amount of$283,790.00 U.S. Dollars. Irrevocable Letter of Credit No. 0339 will expire on
September 15,2006. ($226,830.00 Public Utilities, $49,460.00 Paving& $7,500.00 Street
Lighting)
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. 0339.
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.
S APPROVED AS TO FORM
�mcer ly,
:c_� SY�
By � A.�
Thomas H. Pohlman, President
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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 515-232-5778
www.FNBames.com
Member FDIC ELJ
City Clerk's Office
515 Clark Avenue,P. 0.TTBox 811
Caring People Ames,1!1 50010
Quality Programs
Erceptiowl Service Phone: 515-239-5105
Fax: 515-239-5142
September 9, 2005
TO WHOM IT MAY CONCERN:
I, Diane R. Voss, hereby certify that I have this date received from E &M Hunziker Development,
L.L.C., an Irrevocable Letter of Credit No. 0339 in the amount of$283,790.
Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of the public improvements: public utilities ($226,830), paving ($49,460), and street
lights ($7,500)pertaining to Somerset Subdivision, 20"'Addition, to the City of Ames, Iowa.
By:
Diane R. Voss
Title: City Clerk
"Chuck Winkleblack" To <DVoss@city.ames.ia.us>, <JJoiner@city.amesJa.us>,
<Chuck.Winkleblack@hunzik <DSK@nyemaster.com>
er.com> cc
09/12/2005 12:07 PM bcc
Subject Somerset 20th Addition
First National Bank is preparing the following letter of credit for Somerset 20th Addition.
Storm sewer, sanitary sewer and water $226,830
Paving on Aspen and Oxford $ 49,460
Street Lights on Aspen and Oxford $ 7,500
Total letter of credit $283,790
Please call me if you have any questions.
Sincerely,
Chuck Winkleblack
Broker Associate
License#B32796000
Hunziker&Associates
105 S. 16th Street
Ames, IA 50010
515-233-4450
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