HomeMy WebLinkAboutA036 - Irrevocable Letter of Credit No. 0380 dated June 23, 2009 - $202,627.50 (Friedrich) STFIRST
NATIONAL
BANK
AMES•ANKENY -
Issue Date: June 23, 2009
Irrevocable Letter of Credit No. 0380 RE: Northridge Heights 121h 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 hearby establish our Irrevocable Letter of Credit#0380 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#0380 will expire on
June 23,2010.
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. Copyof this Irrevocable Letter of Credit#0380.
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.
incerely
Scott T Bauer
President C vV-1 I e
MAIN OFFICE UNIVERSITY OFFICE NORTH GRAND OFFICE CUB FOODS OFFI C lJF,
405 5th Street 2330 Lincoln Way 2406 Grand Avenue 3121 Grand Avenue
Ames,IA 50010 Ames;IA 50014 Ames,IA 50010 Ames,IA 50010
515-232-5561 515-292-6157 515-233-2400 515-233-3363
Fax 515-232-5778 I-ax b1b-965-U125
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