HomeMy WebLinkAboutA047 - Irrevocable Letter of Credit No. 0358 dated December 19, 2007 with receipt- $45,000 STFIRST
NATIONAL
BANK
AMES •ANKENY
Issue Date: December 19,2007
Irrevocable Letter of Credit No. 0358 RE: Natures Crossing
City of Ames
515 Clark
Ames, IA 50010
RE: Pinnacle Properties Ames,L.L.C.
2426 Yorkshire Cir
Ames, Iowa 50010 ------
Gentlemen:
We hereby establish our Irrevocable Letter of Credit No. 0358 in favor of
City of Ames
515 Clark
Ames,Iowa 50010
For the account of: Pinnacle Properties Ames,L.L.C.
2426 Yorkshire Cir
Ames, Iowa 50010
In the amount of$45,000.00 U.S. Dollars. Irrevocable Letter of Credit No. 0358 will expire on
December 19, 2008.
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. 0358.
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, APPR D
BY
DOG LqS R. ;,.
By: CITY ATTORNEY
e Thilges,Vice Pre ' ent
MAIN OFFICE UNIVERSITY OFFICE NORTH GRAND OFFICE CUB FOODS OFFICE ANKENY OFFICE
405 5th Street 2330 Lincoln Way 2406 Grand Avenue 3121 Grand Avenue 1205 N.Ankeny Blvd.
Ames,IA 50010 Ames,IA 50014 Ames,IA 50010 Ames,IA 50010 Ankeny,IA 50023
515-232-5561 515-292-6157 515-233-2400 515-233-3363 515-965-3969
Fax 515-232-5778 Fax 515-965-012755
Member FDIC w w w . F N B a m e s . c o m ,YNDAR
City Clerk's Office
515 Clark Avenue,P.O.Box 811
Ames,IA 50010
Phone: 515-239-5105
Fax: 515-239-5142
December 18, 2007
TO WHOM IT MAY CONCERN:
I,Diane R.Voss,hereby certify that I have this date received from Pinnacle Properties Ames,L.L.C.,
an Irrevocable Letter of Credit numbered 0358 in the amount of$45,000.
Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of the public improvements: asphalt surfacing and security for compliance with all
requirements imposed by the Iowa NPDES General Permit #2 and the City COSESCO Permit,
pertaining to The Estates of Nature's Crossing Subdivision to the City of Ames, Iowa.
B (�&�, �, a
Y•
Diane R. Voss
Title: Cif Clerk