HomeMy WebLinkAboutA017 - Letter of Credit dated July 11, 2014 - $13,635.50 T !F-AF),
ST FIRST
NATIONAL d V\/
BANK
AMES •ANKENY
Issue Date: July 11, 2014
Irrevocable Letter of Credit No. 0417 RE: South Fork Subdivision 7`' Addition—Marigold Ext.
City of Ames
515 Clark
Ames, IA 50010
RE: Pinnacle Properties of Ames, L.C.
4114 Cochrane Parkway
Ames, Iowa 50014
Ladies/Gentlemen,
We hereby establish our Irrevocable Letter of Credit No.0417 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$13,635.50 U.S. Dollars. Irrevocable Letter of Credit No. 0417 will expire on
July 11, 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. 0417.
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 APPRPVED AS TO F RM
:A D. SPODEN
B ffY ATTORNEY
oel A. Thilge e 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 . F N B a m e s c o m tE•NDEp
City Clerk's Office
515 Clark Avenue,P. O. Box 811
Ames,IA 50010
Phone: 515-239-5105
Fax: 515-239-5142
July 11, 2014
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 0417 in the amount of$13,635.50.
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 lighting [$4,000]; asphalt surfacing
[$8,410.50]; final utility adjustments [$725); and erosion control (1.00 acre @ $500/acre) [$500] in
South Fork Subdivision, 7th Addition (Marigold Extension), City of Ames, Iowa,
By: Diane R. Voss
Title: City Clerk
Acc ess
City Clerk's Office
515 Clark Avenue,P. O.Box 811
Ames,IA 50010
Phone: 515-239-5105
Fax: 515-239-5142
July 11, 2014
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 0417 in the amount of$13,635.50.
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 lighting [$4,000]; asphalt surfacing
[$8,410.50]; final utility adjustments [$725); and erosion control (1.00 acre @ $500/acre) [$500] in
South Fork Subdivision, 7th Addition (Marigold Extension), City of Ames, Iowa.
By: Diane R. Voss
Title: City Clerk