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Home My WebLink AboutA022 - Resolution No. 14-504 adopted September 23, 2014 C ' � h CCuco5 RESOLUTION NO. 14-504 RESOLUTION ACCEPTING COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR SOUTH FORK SUBDIVISION, 4Tx ADDITION FOR THE CITY OF AMES, IOWA BE IT RESOLVED,by the City Council of the City of Ames, Iowa: Section One. In accordance with the Certificate of the Public Works Director, the asphalt street surfacing improvements required for the South Fork Subdivision, 4th Addition, are hereby accepted as complete and satisfactory; and, Section Two. The bond given to secure performance of the public improvements is hereby released in full and shall be returned to the subdivider. ADOPTED THIS 23rd day of September, 2014. :�IIL& /4. Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Goodman Seconded by: Corrieri Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 23rd day of September, 2014. U i Sr FIRST NATIONAL BANK AMES•ANKENY Issue Date: July 1, 2014 Irrevocable Letter of Credit No. 0410 RE: South Fork Subdivision 4"'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.0410 in favor of: City of Ames 515 Clark Ames, 1A 50010 For the Account of: Pinnacle Properties of Ames, L.C. 4114 Cochrane Parkway Ames, Iowa 50014 In the amount of$15,185.00 U.S. Dollars, Irrevocable Letter of Credit No. 0410 will expire on July 1, 2015. 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. 0410. 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: oel A. Thilg e 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 m e s . c o m LENDER ST FIRST NATIONAL BANK AMES •ANKENY Issue Date: July 1,2013 Irrevocable Letter of Credit No. 0410 RE: South Fork Subdivision 41h 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.0410 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$15,185.00 U.S. Dollars. Irrevocable Letter of Credit No. 0410 will expire on July 1, 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. 0410. 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 APPROVED AS,T0 FORM 1W K. PARKS B . CITY ATTORNEY Scott Bauer, President 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 www . FNBames . com LW-ER caring Peop,e 515 Clark Avenue,P. O. Box 811 Qualm Prograns Ames, IA 50010 E—pti-al Service Phone: 515-239-5105 Fax: 515-239-5142 July 1, 2013 TO WHOM IT MAY CONCERN: I, Diane Voss, hereby certify that I have this date received from Pinnacle Properties of Ames, L.C., a Letter of Credit numbered 0410 in the amount of$15,185. Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the development of the following public improvements: Street lights ($2,000); asphalt(surface courses) ($5,250); temporary turnaround ($5,000); and erosion control [5.87 acres @ $500/acre] ($2,935) in South Fork Subdivision, 4th Addition, City of Ames, Iowa. By: � Diane R. Voss Title: _. City Clerk _ Fw: S. Fork Subdivision 4th Addition LOC s� Tracy Warner to: Charles Kuester, Diane R Voss 06/28/2013 11:17 AM Cc: Eric Cowles, Justin Clausen, John C Joiner This message is digitally signed. Tracy Warner Fw: S. Fork Subdivision 4th Addition LOC About an hour after I had sent the previous email with the LOC amount, Manatt's installed the base course of asphalt. Therefore, here is an updated LOC amount: Street Lights $2,000 Asphalt(surface courses) $5,250 Temporary Turnaround $5,000 Erosion Control ($500 per acre @ 5.87 acres) $2,935 For a total LOC of$15,185 Please let me know if you have any questions. Tracy L. Warner, Municipal Engineer City Hall, Public Works Department Engineering Division 515 Clark Avenue Desk: (515) 239-5163 FAX: (515) 239-5404 Email: twarner(C�Dcity.ames.ia.us ----- Forwarded by Tracy Warner/CO.A on 06/28/2013 11:15 AM From: Tracy Warner/COA To: Charles Kuester/COA@COA, Diane R Voss/COA@COA Cc: Eric Cowles/COA@COA, John C Joiner/COA@COA, Justin Clausen/COA@COA Date: 06/27/2013 02:17 PM Subject: S. Fork Subdivision 4th Addition LOC The Letter of Credit associated with the Final Plat for the S. Fork Subdivision 4th Addition is as follows: Street Lights $2,000 Asphalt (base & surface courses) $19,627 Temporary Turnaround $5,000