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Home My WebLink AboutA021 - Letter certifying completion of public improvements dated February 15, 2012 and Letter of Credit - $15,000 515 Clark Avenue,P.O.Box 811 t1i Peop� Ames,IA 50010 Quality P-9— Eueptional Service Phone:515-239-5105 Fax: 515-239-5142 February 15, 2012 Legacy Bank P. O. Box 309 Altoona, Iowa 50009 Attention Brad Pfaltzgraff RE: Airport Business Park Subdivision Dear Mr. Pfaltzgraff At its meeting of February 14, 2012, the City Council accepted completion of the public improvements for the above-named Subdivision, and released the security being held therefor. Enclosed is the released Irrevocable Letter of Credit No. 79314 in the amount of$15,000. If you have questions, please call. Thank you for your assistance. Sincerely, 1�09�_ya_� Diane Voss City Clerk /dry Enclosure P.O.Box 309 Altoona,Iowa 50009 515.967.9981 Fax 515.967.9994 B ra www.banklegacy.com Brad PFaltzff g brad@banklegac Corn Vice President-Commercial Lending ,00 I Established 1904 Member FDIC 0 L [E <_- gacy FES 2- B 2011 Bank-. CITY nCLERK C12 Cf ANIFS,IOWA Irrevocable Letter of Credit# 79314 Dated 02/15/2011 City of Ames 515 Clark Ames, IA 50010 Attn: City Clerk-Diane Voss We hereby authorize the City of Aines, Iowa, to draw or,Legacy B4&,Altoona, Iowa, 50009, for the account of the City of Ames, Iowa, up to the aggregate amount of USD $15,000.00 (Fifteen Thousand Dollars) available by your draft(s) at sight accompanied by the following documents: A written statement certifying that the terms of the Agreement for Public Improvements for the Airport Business Park Subdivision have not been, fulfilled. Each draft must state that it is Drawn under Legacy Bank, Letter of Credit#79314 Dated rO/25/2` 00.9: This credit and all documents must accompany the draft(s). — We hereby agree with you that drafts) under and in compliance with the terms of this Letter of Credit will be duly honored on delivery of documents as specified if presented at this office in Altoona, Iowa. Annual renewals of this Irrevocable Letter of Credit will be issued automatically with final expiration of 02/15/2012. Except as otherwise stated herein, this Irrevocable Letter of Credit is subject to the Uniform Customs and Practices for Documentary Credits per International Chamber of Commerce Publication No. 290 (1974 revision) and subject to the provision of the Commercial.Code of the State Of Iowa. NraPfaTItgraff Vice President—Commercial Lending Legacy Bank _Altoona, Iowa Es tablisbed 1904 LEND84 502 8th St. S.W. 1201 Grant St. S. 12901 University Ave. 215 Center Ave. S. Box 309 Box 188 Box 670 Altoona, Iowa 50009-0309 Bondurant, Iowa 50035-0188 Clive, Iowa 50325-0189 Mitchellville, Iowa 50169-0670 515.967.9981 515-967.4949 515.226.3302 Fax 515.967.9984 Fax 515.967.5432 515-967-5141 Fax 515.226.3305 Fax 515-967.6091 Irrevocable Letter of Credit# 80012 Dated 02/15/2010 City of Ames 515 Clark Ames, IA 50010 Attn: City Clerk-Diane Voss We hereby authorize the City of Ames, Iowa, to draw on Legacy Bank, Altoona, Iowa, 50009, for the account of the City of Ames, Iowa, up to the aggregate amount of USD$15,000.00 (Fifteen Thousand Dollars)available by your draft(s) at sight accompanied by the following documents: A written statement certifying that the terms of the Agreement for Public Improvements for the Airport Business Park Subdivision have not been fulfilled. Each draft must state that it is Drawn under Legacy Bank , Letter of Credit 480012 Dated 02/15/2010. This credit and all documents must accompany the draft(s). We hereby agree with you that draft(s) under and in compliance with the terms of this Letter of Credit will be duly honored on delivery of documents as specified if presented at this office in Altoona, Iowa. Annual renewals of this Irrevocable Letter of Credit will be issued.automatically with final expiration of 02/15/2011. Except as otherwise stated herein, this Irrevocable Letter of Credit is subject to the Uniform Customs and Practices for Documentary Credits per International Chamber of Commerce Publication No. 290 (1974 revision) and subject to the provision of the Commercial Code of the State-of Iowa_ Sincerely Brian``T. Chittenden, Exec. Vice President APPR , E ASLMA O Legacy Bank BY 41Coona, Iowa D UGLAS R. R cmrAr ORNEY FDIC J Established 1904 LENDER 502 8th St. S.W. 1201 Grant St. S. 12901 University Ave. 215 Center Ave. S. Box 309 Box 188 Box 71189 Box 670 Altoona, Iowa 50009-0309 Bondurant, Iowa 50035-0188 Clive, Iowa 50325-0189 Mitchellville, Iowa 50169-0670 515.967.9981 515.967.4949 515.226.3302 515.967.5141 Fax 515.967.9984 Fax 515.967.5432 Fax 515.226.3305 I Fax 515.967.6091 515 Clark Avenue,P. O.Box 811 CwgPeopfe rypg mQw ro Ames,IA 50010 aiEpHoService Phone: 515-239-5105 Fax: 515-239-5142 February 26, 2010 TO WHOM IT MAY CONCERN: I, Diane R. Voss, hereby certify that I have this date received from Legacy Bank of Altoona, Iowa, an Irrevocable Letter of Credit 80012 in the amount of$15,000. Said instrument has been placed on file in the Ames City Clerk's Office,515 Clark Avenue,for public improvements pertaining to the Airport Business Park Subdivision. By: Diane R. Voss Title: City Clerk