HomeMy WebLinkAboutA035 - Irrevocable Letter of Credit No. 0371 dated December 16, 2008 - $202,627.50 (Friedrich) a
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Isr FIRST
NATIONAL
BANK
AMES •ANKENY
Issue Date: December 16,2008
Irrevocable Letter of Credit No. 0371 RE: Northridge Heights 12`h Addition
City of Ames
515 Clark
Ames,Iowa 50010
RE: Friedrich Land Development Company,L.L.C.
619 E. Lincoln Way
Ames,Iowa 50010..
Gentlemen:
We herrby establish our Irrevocable Letter of Credit#0371 in favor of
City of Ames
515 Clark
Ames,Iowa 50010
For the account of: Friedrich Land Development Company L.L.C.
619 E. Lincoln Way
Ames, Iowa 50010
In the amount of$202,627.50 U.S.Dollars. Irrevocable Letter of Credit#0371 will expire on
June 23,2009.
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#0371.
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#500.
S' cerely, APPR D A T O M
SY
DOUGLAS R. MA EK
tt T Bauer CITY ATTORNEY
President
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 515-965-01255
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