HomeMy WebLinkAboutA033 - Letter dated March 3, 2010 regarding completion of public improvements and release of security •
515 Clark Avenue,P. 0.Box 811
g�y p�in„,� Ames,1A 50010
8
EuepdonW Service Phone: 515-239-5105
Fax: 515-239-5142
March 3, 2010
Hunziker Land Development Company, LLC
105 S. 16th Street
Ames, Iowa 50010
Attention Chuck Winkleblack
RE: Dayton Park, 5tn Addition
Dear Chuck:
At its meeting of March 2, 2010, the City Council accepted completion of the public
improvements for the above-referenced Subdivisions and released the security being held therefor.
Enclosed is the released Irrevocable Letter of Credit No. 376.
If you have questions,please call. Thank you.
Sincerely,
Diane Voss
City Clerk
/dry
Enclosure
FIRST
NATIONAL
BANK
AMES •ANKENY
Issue Date: April 16,2009 v
D
Irrevocable Letter of Credit No. 376 APR 17 `10,09,
City of Ames
515 Clark Avenue LEGAL DEPARTMENT
CITY OF AI•tIES fd AA
Ames,IA 50010
RE: Dayton Park,LLC
105 S. 16"St.
Ames, Iowa 50010
To Whom it May Concern:
We hereby establish our Irrevocable Letter of Credit No. 0376 in favor of
City of Ames
515 Clark Avenue
Ames,Iowa 50010
For the account of. Dayton Park,LLC
105 S. 16''St.
Ames,Iowa 50010
In the amount of$10,000.00 U.S. dollars. Irrevocable Letter of Credit No. 0376 will expire on
April 16, 2010 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. 0376.
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.
Sincerely, APPR To
M
�IJ�LAS .MAR K
Scott T.Bauer,President CITY ATTORNEY
MAIN OFFICE UNIVERSITY OFFICE NORTH GRAND OFFICE CUB FOODS OFFICE ANKENY OFFICE
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