HomeMy WebLinkAboutA007 - Copy of Letter of Credit No. 0373 dated March 3, 2009 with receipt - $178,900 srFIRST
NATIONAL
BANK
AMES •ANKENY
Issue Date: March 3,2009
Irrevocable Letter of Credit No. 0373 RE: C&B Lincoln Way, LLC
City of Ames
515 Clark Avenue
Ames,IA 50010
RE: C&B Lincoln Way, LLC
105 S. 16'h St.
Ames, Iowa 50010
Ladies and Gentlemen:
We hereby establish our Irrevocable Letter of Credit No. 0373 in favor of
City of Ames
515 Clark Avenue
Ames, Iowa 50010
For the account of: C&B Lincoln Way,LLC
105 S. 16`h St.
Ames, Iowa 50010
In the amount of$178,900.00 U.S. dollars. Irrevocable Letter of Credit No. 0373 will expire on
March 3,2010 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. 0373.
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, AP PR ED Tq� RM
By RI AR
DOUG R K
CITY ATTORNEY
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
Member FDIC www . FNBames . com rE-NER
e
- City Clerk's Office
515 Clark Avenue,P. O. Box 811
Ames, IA 50010
Caring People Phone: 515-239-5105
Quality Prograns
Eueptlana s r,ice Fax: 515-239-5142
March 5, 2009
TO WHOM IT MAY CONCERN:
I, Jill L. Ripperger, hereby certify that I have this date received from Brian Torresi, Letter of Credit
No. 0373 in the amount of$178,900.00.
Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of public improvements in Walnut Ridge Subdivision, Second Addition,City of Ames,
Iowa.
By: �
Jill L. Ripperger
Deputy City Clerk