HomeMy WebLinkAboutA027 - Receipt dated September 25, 2014, for payment of $23,467.94 �J;1_11 A6W
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City Clerk's Office
" m 515 Clark Avenue,P. 0. Box 811
Ames, IA 50010
Smart Choice Phone: 515-239-5105
Fax: 515-239-5142
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September 25, 2014
TO WHOM IT MAY CONCERN:
I,Diane Voss,hereby certify that I have this date received from Joel Thilges,First National Bank, on
behalf of Pinnacle Properties of Ames,L.C. (Keith Arneson), a check in the amount of$23,467.94.
The check is in payment of the Developer's one-half of the traffic improvements at Lincoln Way and
Dotson, as required by the Supplemental Agreement Pertaining to the Road Improvement Costs for
the Intersection Improvements in connection with South Fork Subdivision, 3" Addition.
Attached hereto is Irrevocable Letter of Credit No. 0405 in the amount of$30,000, which is being
released after the City Council's acceptance of the project on August 12, 2014, and receipt of the
above-referenced check.
By:CiL,a�
Diane R. Voss
Title: City Clerk
W FIRST
NATIONAL
BANK
AMES•ANKENY
Issue Date: December 18, 2013
Irrevocable Letter of Credit No. 0405 RE: South Fork Subdivision 3`d Addition
City of Ames
515 Clark
Ames, 1A 50010
RE: Pinnacle Properties of Ames, L.C.
4114 Cochrane Parkway
Ames, Iowa 50014
Gentlemen,
We hereby establish our Irrevocable Letter of Credit No.0405 in favor of:
City of Ames
515 Clark
Ames, IA 50010
For the Account of.
Pinnacle Properties of Ames, L.C.
4114 Cochrane Parkway
Ames, Iowa 50014
In the amount of$30,000.00 U.S. Dollars. Irrevocable Letter of Credit No. 0405 will expire on
December 18, 2014.
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. 0405,
Partial Payments are permitted.
We hereby agree that drafts drayvii 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 Practice of Documentary Credit
(1993)Revision, International Chamber of Commerce Publication #400.
Sincerely,
First National Bank of Ames
B -lam
el A. Thilges resident
MAIN OFFICE UNIVERSITY OFFICE NORTH GRAND OFFICE ANKENY OFFICE
405 5th Street 2330 Lincoln Way 2406 Grand Avenue 1205 N.Ankeny Blvd.
Ames, IA 50010 Ames, IA 50014 Ames, IA 50010 Ankeny,IA 50023
515-232-5561 515-292-6157 515-233-2400 515-965-3969
Fax 515-232-5778 Fax 515-965-0125
Member FDIC w w w . F N B a rn e s c o rn LENDER
ST FIRST CASHIER'S CHECK
31593
1 NA I NAL 72-227-739 09/26/14
AMES•ANKENY
PAY TO THE i of Ames s $23,467.94
ORDER OF--"-' _ —
Twenty-Three Thousand Four Hundred Sixty-Seven & 94/100-------------------- DOLLARs
W
TWO SIGNATURES REQUIRED OVER$11 000.00 „
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Pinnacle Properties-settle Letter of Credit#0405 Dotson Interchange A oR¢ED SIGNATURE—
REMITTER Nr
111031S9311' 1:07390 2 274I: L9 000 41I'
DEL F BLUEs—
STFIRST 31593
1NATIONAL CASHIER'S CHECK
�+� �B� NK 09/26/14
AQ41Y•9 I es
23,467.94
Twenty-Three Thousand Four Hundred Sixty-Seven & 94/100--------------------
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