HomeMy WebLinkAboutA014 - Letter dated August 15, 2007 certifying completion of public improvements - City Clerk' Offlee-
515 Clark Avenue,P. 0.Box 811
Caring People Ames,IA 50010
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Exceptlonal Service
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August 15, 2007
Hunziker&Associates
105 S. 16' Street
Ames, Iowa 50010
Attention Chuck Winkleblack
RE: Four Seasons Subdivision
Dear Chuck:
At their meeting of August 14, 2007, the City Council accepted completion of the public
improvements for The Four Seasons Subdivision and released the security being held therefor.
Enclosed is the released Irrevocable Letter of Credit No. 0344 in the amount of$270,000.
If you have questions,please call.
Sincerely,
Diane Voss
City Clerk
/dry
Enclosure
ST FIRST
NATIONAL
BANKAMES
Issue Date: June 14, 2006
Irrevocable Letter of Credit No. 0344 RE: Four Seasons Subdivision
City of Ames
515 Clark
Ames, Iowa 50010
RE: Dayton Park, LLC
105 South 161h St
Ames, Iowa 50010
Gentlemen:
We hearby establish our Irrevocable Letter of Credit#0344in favor of
City of Ames
515 Clark
Ames, Iowa 50010
For the account of: Dayton Park, LLC
105 South 161h St
Ames, Iowa 50010
In the amount of$270,000.00 U.S. Dollars. Irrevocable Letter of Credit#0344 will expire on
June 13,2007.
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#0344.
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 Practices for Commercial
Documentary Credits(1993)Revision, International Chamber of Commerce Publication#400.
Scerely,Bauer CRY ATTORNEY
Sr. 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 ^
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