HomeMy WebLinkAboutA008 - Letter of Credit No. 0340 dated November 28, 2005 Sr FIRST '
NATIONAL ' � -t 4q
BANKAMES C a ' o
Issue Date: November 28,2005 f
Irrevocable Letter of Credit No. 0340 RE: Ringgenberg Development ! n
City of Ames
515 Clark
Ames, IA 50010
RE: Ringgenberg Estates, L.L.C.
619 E. Lincoln Way
Ames, Iowa 50010
Gentlemen:
We hereby establish our Irrevocable Letter of Credit No. 0340 in favor of
City of Ames
515 Clark
Ames, Iowa 50010
For the account of: Ringgenberg Estates, L.L.C.
619 E. Lincoln Way
Ames,Iowa 50010
In the amount of$240,000.00 U.S. Dollars. Irrevocable Letter of Credit No. 0340 will expire on
November 28, 2006.
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. 0340.
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:_Anvc /Y!. m/;nrin , l
Ann Martin.Vice 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 515-232-5778
www.FNBames.com
Member FDIC LENDER
' e
Caring People
515 Clark Avenue,P.O. Box 811
QuaGq P'°g'°m`' Ames,IA 50010
F�eplionnl Sernire
Phone:515-239-5105
Fax:515-239-5142
November 28, 2005
TO WHOM IT MAY CONCERN:
I, Jill L. Ripperger, hereby certify that I have this date received from First National Bank of Ames,
Iowa, Letter of Credit No. 0340 in the amount of$240,000.00.
Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of paving and street light public improvements in Ringgenberg Park Subdivision, I"
Addition, City of Ames, Iowa.
By: .-
Jill L. Ripperger T�
Title: _Deputy City Clerk
John C Joiner/COA To Art L Barton/COA@COA
r 11/28/2005 07:52 AM cc Diane R Voss/COAQCOA,Jill L Ripperger/COA@COA
- bcc
Subject Ringgenberg Park 1st
Art,
The final plat documents for this addition will be submitted today.Scott Renaud has indicated that the
utilities have been completed and inspected.Please write a certification letter for the utilities with the
remaining work and bond amounts as follows:
Paving-$208,000
Street Lights-$32,000
Sidewalks-Under separate agreement w/o bond
Thanks,
John
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John C.Joiner,P.E.
City of Ames Public Works Dept.
515 Clark Avenue
Ames,Iowa 50010
Desk 515-239-5165
Fax 515-239-5404
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