HomeMy WebLinkAboutA020 - Letter of Credit No. 0363 dated April 14, 2008 - $30,000 ST FIRST
NATIONAL
BANK
AMES •ANKENY
Issue Date: April 14, 2008
Irrevocable Letter of Credit No. 0363 RE: Dayton Park 51h Addition
City of Ames
515 Clark Avenue
Ames, IA 50010
RE: Dayton Park,LLC
105 S. 16' St.
Ames, Iowa 50010 -— -
Gentlemen:
We hereby establish our Irrevocable Letter of Credit No. 0363 in favor of
City of Ames
515 Clark Avenue
Ames, Iowa 50010
For the account of: Dayton Park,LLC
105 S. 16`h St.
Ames, Iowa 50010
In the amount of$30,000.00 U.S. dollars. Irrevocable Letter of Credit No. 0363 will expire on
April 14, 2009 unless renewed or extended.
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. 0363.
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 Documentary Credits
(1993)Revision, International Chamber of Commerce Publication#500.
APPRO OILD'AS TO FORM
Si ly, BY
DOUGLAS R.
� CITY�,T�ORi�EY
. Bauer,Presi en
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 515-965-0125
Member FDIC www . FNBames . com 121
NATIOFIRSTReleased to Joel Jacobsen First National Bank
NAL on April 18, 2008, in exchange for LOC in the
BANKAMES amount of $30,000.
J el acobsen
Issue Date: May 21, 2007
Irrevocable Letter of Credit No. 0351 RE: Dayton Park 5th Addition
City of Ames
515 Clark
Ames, I.A. 50010
RE: Dayton Park, L.L.C.
105 S. 16`h St.
Ames, Iowa 5 00 10. - -- - - `
Gentlemen:
We hereby establish our Irrevocable Letter of Credit No. 0352 in favor of
City of Ames
515 Clark
Ames, Iowa 50010
For the account o£ Dayton Park, L.L.C.
105 S. 16`h St.
Ames, Iowa 50010
In the amount of$204,500.00 U.S. Dollars. Irrevocable Letter of Credit No. 0352 will expire on
May 21, 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. 0352.
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.
Ai�RO ITQ Rh
Sincer ly,
' R.MARE
KI
By. U . CITY ATTORNEY
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
Member FDIC WWW.FNBames.com