HomeMy WebLinkAboutA039 - Letter dated October 28, 2009 releasing security / letter of credit No. 0380 - $202,627.50 , with copy of LOC No. 0380 & LOC No. 0371 (Friedrich) • 011 Clerk's
• 515 Clark Avenue,P.0.Box 811
Caring People Ames,IA 50010
QualityPr°9— Phone: 515-239-5105
Exceptional Service
C q Fax: 515-239-5142
Friedrich Land Development Company
619 E. Lincoln Way
Ames, Iowa 50010
Attention Kurt Friedrich
RE: Northridge Heights Subdivision, 12`l'Addition
Dear Chuck:
At its meeting of October 27, 2009, the Ames City Council released the financial security on file
for on- and off-site public improvements pertaining to the above-named Subdivision. Enclosed is
Irrevocable Letter of Credit No. 0380 in the amount of$202,627.50.
If you have any questions,please contact me.
Sincerely,
Diane Voss
City Clerk
/dry
Enclosure
STFIRST
NATIONAL
BANK
AMES•ANKENY
Issue Date: June 23, 2009
Irrevocable Letter of Credit No.0380 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
e '
Gentlemen:
We hearby establish our Irrevocable Letter of Credit#0380 in favor of
1 C
City of Ames �l Z rG, kip, Z
515 Clark " 1�
Ames,Iowa 50010 _ 1
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. Copy of 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
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
I N
Member FDIC w w w . F N B a m e s . c o m LEDER
IV
`� �
Sr FIRST F
NATIONAL
BANK
AMES •ANKENY
Issue Date:December 16,2008
Irrevocable Letter of Credit No. 0371 RE: Northridge Heights 121b 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#0371in 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� cq MR
RM
<� EIY G ,
DOUGLAS R.
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 515-965-0125
1121
Member FDIC W W W . F N B 8 m e s . C 0 Im LEN—DER