HomeMy WebLinkAboutA031 - Letter of Credit No. 0404 dated December 18, 2015 - $13,641.38 SrFIRST
NATIONAL
BANK
AMES • ANKENY • JOHNSTON
VALLEY JUNCTION • WEST DES MOINES
Issue Date: December 18, 2014
Irrevocable Letter of Credit No. 0404 RE: South Fork Subdivision 3`d Addition
City of Ames
515 Clark
Ames,IA 50010
RE: Pinnacle Properties of Ames, L.C.
4114 Cochrane Parkway
Ames, Iowa 50014
Gentlemen,
We hereby establish our Irrevocable Letter of Credit No-0404 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$13,641.38 U.S. Dollars. Irrevocable Letter of Credit No. 0404 will expire on
December 18,2016.
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. 0404.
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 Practice of Documentary Credit
(1993)Revision,International Chamber of Commerce Publication#400.
Sincerely,
First National Bank of Ames
By. i
oel A. Thilg e sident
AMES OFFICE ANKENY OFFICE JOHNSTON OFFICE VALLEY JUNCTION OFFICE WEST DES MOINES OFFICE
405 5th Street 1205 N.Ankeny Blvd. 8460 Birchwood Court,Suite 1100 301 5th Street 5625 Mills Civic Parkway,Suite 100
Ames,IA 50010 Ankeny,IA 50023 Johnston,IA 50131 West Des Moines,IA 50265 West Des Moines,IA 50266
515-232-5561 515-965-3969 515-440-7180 515-274-3483 515-225-2641
Fax 515-232-5778 Fax 515-965-0125 Fax 515-331-2996 Fax 515-274-0173 Fax 515-225-8718
www. FNBames. com www. FNBdm . com Member FDIC LAVA