HomeMy WebLinkAboutA013 - Letter dated June 9, 2008 certifying receipt of Letter of Credit No. 0366 - $466,287.50 with copy of LOC - City Clerk's Office
515 Clark Avenue,P. O.Box 811
Ames,IA 50010
Coring people
Q-liry p-g,,,„s Phone: 515-239-5105
Ewepdonal Service Fax: 515-239-5142
June 9, 2008
TO WHOM IT MAY CONCERN:
I, Jill L. Ripperger, hereby certify that I have this date received from Friedrich Land Development
Company, LLC, Letter of Credit No. 0366 in the amount of$466,287.50.
Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of public improvements(paving,utilities,erosion control,and street lights)in Northridge
Heights Subdivision, 12'Addition, City of Ames, Iowa.
By: ,CG X
Jill L. Ripperger
Title: Deputy City Clerk
NATIONAL
BANK
AMES•ANKENY
Issue Date: June 9,2008
Irrevocable Letter of Credit No. 0366 RE:Northridge Heights 12`h Addition
City of Ames
515 Clark Avenue
Ames,IA 50010
RE: Friedrich Land Development Company,L.L.C.
619 E Lincoln Way
Ames, Iowa 50010
Gentlemen:
We hereby establish our Irrevocable Letter of Credit No. 0366 in favor of
City of Ames
515 Clark Avenue
Ames,Iowa 50010
For the account: Friedrich Land Development Company L.L.C.
619 E Lincoln Way
Ames, Iowa 50010
In the amount of$466,287.50 U.S. dollars. Irrevocable Letter of Credit No. 0366 will expire on
June 8,2009 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. 0366.
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 4500.
Sincere. ,
i
John inch, Senior Vice President
MAI 0 CE 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 Fax 9 6-3969
0125
Fax 515-232-5778
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