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A013 - Documents relating to Letters of Credit
CBTY OF Am le s,- Smart Choice Public Works Department 515 Clark Avenue, Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 Item No. 30 April 28, 2020 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 RE: Sunset Ridge 6th Addition Financial Security Reduction—Final Mayor and Council Members: I hereby certify that the sidewalk ramp required as a condition for approval of the final plat of Sunset Ridge 6th Addition has been completed in an acceptable manner by Larson Concrete of Ames, Iowa. The above-mentioned improvement has been inspected by the Engineering Division of the Public Works Department of the City of Ames, Iowa, and found to meet City specifications and standards. As a result of this certification, it is recommended that the financial security for public improvements on file with the City for this subdivision be released in full. Sincerely, John C.Joiner, P.E. Director JJ/nw cc: Finance, Planning& Housing, Subdivision file Public Works Department 515 239.5160 ,rain 515 Clark Ave.P.O.Box'811 Engineering', 515,239.5404 tar, Ames,IA 50010 www. itplAmes or1 RESOLUTION NO. 20-214 RESOLUTION ACCEPTING COMPLETION OF SIDEWALK RAMP IMPROVEMENTS REQUIRED FOR SUNSET RIDGE SUBDIVISION, 6TH 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 sidewalk ramp improvements required for the Sunset Ridge Subdivision,61"Addition,are hereby accepted as complete and satisfactory; and, Section Two. The bond given to secure performance of the sidewalk ramp public improvements is hereby released and shall be returned to the subdivider. ADOPTED THIS 28`h day of April, 2020. Diane Voss, City Clerk John A. Haila, Mayor Introduced by: Betcher Seconded by: Martin Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Martin Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 28t' day of April, 2020. t f_,,�q—2oa0 Re z u,1�►e� �-Y r q IRREVOCABLE STANDBY LETTER OF CREDIT ' ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010-8058 Date of Issue:01-03-2020 Letter of Credit Number: 156 Amount: U.S. $ 1,000.00 ( ONE THOUSAND AND N01100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES HUNZIKER DEVELOPMENT COMPANY LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. IM Partial drawings are permitted. The maximum number of drawings that may be made is UNLIMITED DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. ® A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#156 DATED JANUARY 3,2020,FOR THE ACCOUNT OF HUNZIKER DEVELOPMENT COMPANY El Other documents: LLC. Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS: THIS LETTER OF CREDIT WAS OBTAINED BY HUNZIKER DEVELOPMENT COMPANY LLC FOR THE USE AND BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY LLC TO SECURE PUBLIC IMPROVEMENTS IN SUNSET RIDGE 6TH ADDITION. Irrevocable Standby Letter of Credit VMP LC-STANDBY 9/11/2009 OO Bankers SystemsTM Wolters Kluwer Financial Services©2001,2009 VMPC612 (0909).00 Page 1 of 2 Z;o Z a6ed 60OZ'LOOZ O saD!nlaS swa sA�s a ue)l siailoM 00'16060) ZL90dWA wl 1 S I 8®dWA 60OZ/L L/6 A90NVIS-0l 1!pai0;o ia11al AgpuelS algeoonaJq (ailu puE 0-UN 1augiS) 838NV81VI083ININDT N301S38d 301A'SSnO NVHIVN (aIEQ) (3ITLIM31S) Ag (ataEN lanssj) VMOI 30 NNVBNOIS►A •alquo?Iddu sE dSI l0 dOfl aql Tjm lualsisuom l0u wo smul IIJns sr guoj Os `Bollmiv 3o salulS pal?QIl aq1 VM01 3o smul aql Xq paulano8 aq oslu Ilugs 1?palO ;o lanarl ST%L '(86dSI) 8661 Sao11oEld SgpuinS ieuo?lEulaluI aql ❑ -lu;)MpuauIE 30 uOTSlaA IaIRI SUE 10 `((13fl)009 'ON uoilEo?Ignd aolaunaoD ;o Iaquml[D IEao?luulalul `uots?A3d LOOZ `sl?palD Amuauinooa 3o3 331Puld put, sulolsn3 uuo;?ull aql :Aq POUIOA02 aq IIEgs 1?palO 30 lauarl STU 'MV I g'I$t>Dilddd 'ajgEla;snEll-uou ® algEl33suEll ❑ sl 1►palO;o lalla-I STU ",LI'IIgV-dg3SNV-d L •filmol;auag of lanssI uiol; amlou Sur Intl?m uo al?dxa IIEgs I?palO;o laua j s?ql `luana iuE uj '1?pall;o Ial1aZ s?q1 pualxa of lou sloala lanssl imp muQ uo?lEl?dxg aql of to?Id sAEp 1sual 1E 8u?1pm m dlu?ogauag sa!plou lanssl ssalun `aIEQ uo?lulldxg alp idol; sxup 3o po?lad u lo3 papualxa aq IIEIIs a1EQ uo?lEndxg aql `aIEQ uo?lE.ndxg aql of loild 1?paiD ;o jaw-I sull 3o lunoum Iln3 aq1 umElp lou SEq fauIogauag jj ❑ •aIEQ uo?Iulldxg aq1 alo;aq to uo 1?palj 30 lalla'j SlIp JO SUOISIAoki aq1 ql?m aouuildwoo to?Ils uI poluasaid s1;ulQ Ilu louoq of saal8u lanssj •(aIE(j) LZOZ-CO-LO uo Oun,L) 'W'd0£:b lu ssalppE s,lanssl lu ssau?snq;o asolo aT ip sal?dxa l?palD3o lauo-I spU -gLdQ NOIIV-dldXg IRREVOCABLE STANDBY LETTER OF CREDIT - ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010-8058 Date of Issue:08-15-2019 Letter of Credit Number: 135 Amount: U.S. $ 5,000.00 ( FIVE THOUSAND AND NOI100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES HUNZIKER LAND DEVELOPMENT COMPANY LLC 515 CLARKE ST,PO BOX 811,AMES,IA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. ® A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#135 DATED AUGUST El Other documents: 15,2019 FOR THE ACCOUNT OF HUNZIKER LAND DEVELOPMENT COMPANY,LLC Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS: THIS LETTER OF CREDIT WAS OBTAINED FOR THE USE AND BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY,LLC TO SECURE IMPROVEMENTSTO SUNSET RIDGE 6TH ADDITION. Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 VMPOO Bankers SystemsTM VMPC612 (0909).00 Wolters Kluwer Financial Services©2001,2009 Page 1 of 2 Z 10 Z a6ed 60OZ'LOOZ OO saoinjaS 1ei0ueulj iaMnlN s10310M 00'I60601 ZL9JdWA O W1swalsASsiaqueg�dWA 600Z1 L L16 ASONV1S-31 1(paj }0 ianal AgpuelS alge00naiil (all?,L put alueN JOUSTS) 1N301S3ad 13AHVIN'N0SM3H11VW lanN SVWOHI a1eQ) (aJnlen9Tg) Xg (auTeN Janssi) VM01 d0 NNVBNOISIII •algeoildds se `dSI Jo dXI aql glim lualslsu0oui 1ou aJe smel Bons se fuol os `eoliauuv 3o Sa1s1S paliun aq1 ' VM01 3o smsl nip Aq pauJanoB aq osle Ilegs lipoiD 3o Ja11a- sTTI '(86dSI) 8661 saoiloead AgpuulS IeuoileuJalul all ❑ wowpuaum Jo uo1S10A Ja1el Aus Jo `(dDN 009 *ON uo►leo►Ignd aoJaunuoD 3o JaquJegD Isuoilsu.lalul `uoisina-1 LOOZ `S1ipaJD �JsluaumooCj Jo; aopoeJd pus sTuoisnj uuo;iufl agi :Aq pauJanoB aq Ileis 1ipaJD;o Jawrl siu •Mt I d'IgVDTlddd •algs.la;sueJl-uou ® algsla3sueJ1 ❑ si lipaJD JO Jalla-j s1gI -All-II$tII9dSN`d2I.L •A.iriogauag o1 Janssl woij aoilou Xus mopm uo aJldxa Ilsgs ppQ1D 30 Ja11a l sigl `luana ius ul 1jpaJj 3o Ja11a I sitll pualxa of lou sloala Janssl legl also uoiluidxg ail of Joud sAep lssal is bID11Jm m Ajumi3aua$ sagpou Janssl ssalun `aleQ uoilsndxg ail tuoij S�up 3o pound s Io; papualxa aq llsgs a1eQ uoilmdxg aql `a1eQ uoileJidxg ail of Joud 1ipoiD ;o Jalla-I sup 30 lunolue lln3 ail umsJp lou ssg famogluau 3I ❑ -aleQ uoilsJidxa ail aJo3aq Jo uo upaJD 3o Jallarl sup JO suoiSlAo.ld aq1 gum ammiduloo 1olils ui poluasaid s13sJQ lie Jouoq of saaJSe Janssl •(mu(j) OZOZ-VI-80 uo (Oulu) 'W'dOET le ssaippe s,Janssl 1s ssauisnq;o asolo ag11s Saudxa 1ipaJD;o Jallall siq.L -glV(j NOIIV?IIdXd Sunset Ridge, 6th Addition \\ Diane R Voss to: jenniferk 12/18/2019 09:42 PM Bcc: Diane R Voss Jennifer.- At its meeting of December 10, 2019, the Ames City Council reduced the amount of required security for the above-named Subdivision. Please provide me with a LOC in the amount of $1,000 for the remaining work. Thank you! 631.pdf Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 ".. Ames m Smart Choice Public Works Department 515 Clark Avenue, Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 Item No. 18 December 10, 2019 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 RE: Sunset Ridge 6th Addition Financial Security Reduction #3 Mayor and Council Members: I hereby certify that the punch list items required as a condition for approval of the final plat of Sunset Ridge 6th Addition have been completed in an acceptable manner by various contractors. The above-mentioned improvements have been inspected by the Engineering Division of the Public Works Department of the City of Ames, Iowa, and found to meet City specifications and standards. As a result of this certification, it is recommended that the financial security for public improvements on file with the City for this subdivision be set at $1,000.00. The remaining work covered by this financial security includes installation of a pedestrian ramp. Sincerely, John C.Joiner, P.E. Director JJ/nw cc: Finance, Planning& Housing, Subdivision file Public Works Department 515.239.5160 m in 515 Clark Ave.P.O.Box'811 Engineering 515.239,5404 tar'+ Ames,IA 50010 www.Cit fofAmes.org i Sunset Ridge 6ch Addition December 10, 2019 Page 2 Description Unit Quantity Pedestrian Ramps, PCC, 6" SY 10 Detectable Warning Panels SF 10 RESOLUTION NO. 19-631 RESOLUTION ACCEPTING PARTIAL COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR SUNSET RIDGE 6TH 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 Department,the Sunset Ridge, 6t' Addition, required as a condition for approval of the Final Plat of the above-named Subdivision have been completed in an acceptable manner. Section Two. The bond given to secure performance of the public improvements is hereby lessened to $1,000.00 for the remaining work that includes installation of a pedestrian ramp. ADOPTED THIS 1 Otn day of December, 2019. /T_/ , 2."1 %% Diane . Voss, City Clerk John A. Haila, Mayor Introduced by: Gar-tin Seconded by: Betcher Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin, Nelson Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 1 Oth day of December, 2019. IRREVOCABLE STANDBY LETTER OF CREDIT ' tl 7-4 ISSUER: VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010-8058 Date of Issue:08-30-2017 Letter of Credit Number: 109 Amount: U.S. $ 5,000.00 ( FIVE THOUSAND AND N01100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES 130 DOTSON LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is UNLIMITED DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. ® A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#109 DATED AUGUST El Other documents: 30,2017,FOR THE ACCOUNT OF 130 DOTSON LLC. Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS: THIS LETTER OF CREDIT WAS OBTAINED BY 130 DOTSON LLC FOR THE USE AND BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY LLC TO SECURE IMPROVEMENTSTO SUNSET RIDGE 6TH ADDITION. Irrevocable Standby Letter of Credit VMP LC-STANDBY 9/11/2009 OO Bankers SystemsTM Wolters Kluwer Financial Services©2001,2009 VMPC612 (0909).00 Page i of 2 IfJ IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA L G� )/ L�-) 104 CHESTNUT ST i AMES,IA 50010.8058 Date of Issue:08.30-2016 Letter of Credit Number: 109 Amount: U.S. $ 5,000.00 ( FIVE THOUSAND AND N01100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES 13030 DOTSON LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 1 S i 6TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit'by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is UNLIMITED DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. ® A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT N109 DATED AUGUST ❑ Other documents: 30,2016,FOR THE ACCOUNT OF 130 DOTSON LLC. Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS:THIS LETTER OF CREDIT WAS OBTAINED BY 130 DOTSON LLC FOR THE USE AND BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY LLC TO SECURE IMPROVEMENTS TO SUNSET RIDGE SUBDIVISION,6TH ADDITION. Irrevocable Standby Letter of Credit VMPO Bankers SystemsTM LC-STANDBY 9/1 11200 9 Wolters Kluwer Financial Services ©2001,2009 VMPC612 (0909).00 Page 1 of 2 60OZ'LOOZ oO s201nlaS leioueu!d iaMnlN slelloN, Z;o Z a6ed W1swelsAS sialueg®dNA 00'160601 Zl90dWn 1!pai0;o jallal AgpuelS ajge30naJJj 60OZ/L L/6 A90NV1S-3� (a[l?,L put,am N iauS?S) 1N301S38d 13NHVIN'NOSM3H H M 1N(1N StlWOHl (ad Q) (amTEn�?S) Ag l2iO , (amEN ianssi) tlM0130 NNVSNOISIA -olgEoliddu SE `dSl IO d3fl aql glTm lualsisuooul IOu aIE smBI Bons sT Suol Os `EollaIITV j sq 1 tlMOI3o smBI arl Kq pauiano2 oq os1E IlEs IIpaTo 3o JOUP I 3o SalE1S Pollufl aq '(86dSI) 8661 SaolloEi I� uE1S EuoTlEulalIII a'P ❑ •Iuauipuam io uolsaan Ia1El IIIIE 10 `(d3fl)009 'oN uoTlEallgnd ao.iaulmoD 3o .TagmgD IEuoIIEM;)IUI `uOlslna21 LOOZ `SIIPQ'D f.TE Q luaumoo -To3 oolTOUJd puE suIolsnD uuo3iu fl aq1 91 :Iq pauaano?aq IlEgs IlpaiD 3o ialla'1 slgl 'Bc1d I gIHV I Iddd •aIqujQjsuEll-uou (I aIgE.Ta3suujl ❑ sI llpaio 3o .Tally-I STq l A LI IISV2IgdSNd2I L uo aildxa i1104S llP3JD 30 • JloloT3auag 01 .lanssl uroi3 aollou fuE lnoiillm r 10110I SIT `luana ICuE IIl 'IIpa13 3o Tal1a l sM' puolxa 01 lou sloolo lanssl IEg1 a1EQ IIotlEildxg aq1 0l Tolid jo pouad E To3 papualxa IsEal 1E 2ulll.im uI tirelognuag sag you .lanssl ssolun `aIEQ u0I1E-IT&H aql uiO.i3 SKEp aq 1iEgs aIEQ uollEitdxg aTll `alEQ IIOilE3Tdxg aril 01 Toud llPas� 3o Ta11a-1 IT 3o IIInoum lln3 aql umuip lou SEq butoliauag 31 ❑ •olEQ uollE.TTdxg aql a.To3aq so uo IIpa.TD 3o 10110-1 SIT3o suolslnoid aql gllm aauEllduzoo 1oI11s C l ul paluasaid sl3EiQ JIB .Touoq 01 saoi3E .lanssl (aIEQ) V-dl(Xd uo (aural) W'd OE V lE ssa.TppE s,ionssl lE ssaulsnq 3o asolo aql IE saaldxo 1IPasD 3o Jolla"I slgl 'g1HQ NOILd2IId IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA LG 104 CHESTNUT ST AMES,IA 50010 Date of Issue:08-15-2018 Letter of Credit Number: 135 Amount: U.S. $ 5,000.00 ( FIVE THOUSAND AND NOI100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES HUNZIKER LAND DEVELOPMENT COMPANY LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. ® A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#135 DATED AUGUST El Other documents: 15,2018 FOR THE ACCOUNT OF HUNZIKER LAND DEVELOPMENT COMPANY,I.I.C. Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS: THIS LETTER OF CREDIT IS FOR THE BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY LLC TO SECURE IMPROVEMENTS TO SUNSET RIDGE 6TH ADDITION. 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It is due to expire on August 15, 2019. Thank you!! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 Sunset Ridge 6th LOC Nathan Willey to: Diane R Voss 07/25/2019 12:48 PM Hi Diane, The LOC for Sunset Ridge 6th for $5,000 that is due Aug 15th will need to be renewed for the same amount. No change/reduction for that one. Thanks, Nathan Willey, P.E. Civil Engineer 11 n willeyOcity.ames.im us Office:515.239.5436 1 Fax: 515.239.5404 City Hall, 515 Clark Avenue I Ames, IA 50010 Pmes www.CityofAmes.or I -Caring People-Quality Programs-Exceptional Service Sunset Ridge, 6th Diane R Voss to: jenniferk 08/14/2018 11:08 AM Bcc: Diane R Voss According to Nate Willey, the pedestrian ramps still need to be installed. Thanks! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 Re: Sunset Ridge, 6th Nathan Willey to: Diane R Voss 08/14/2018 09:07 AM History: This message has been replied to. Hi Diane, There are still ped ramps that need to be corrected in Sunset Ridge 6th. Thanks, Nathan Willey, P.E. Civil Engineer 11 nwilleyPcity.ames.ia us Office:515.239.5436 1 Fax: 515.239.5404 City Hall, 515 Clark Avenue I Ames, IA 50010 Ames www.CitvofAmes.org I -Caring People^ Quality Programs Exceptional Service -----Diane R Voss/COA wrote: ----- To: Nathan Willey/COA@COA From: Diane R Voss/COA Date: 08/13/2018 04:17PM Subject: Sunset Ridge, 6th Hi Nate: Could you please check to see if the ped ramps have been correctly re-installed for the above-named Subdivision. The LOC is due to expire on August 30. Thank you! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 LOC #109 - Sunset Ridge Jennifer Kapaun to: Diane R Voss 08/13/2018 09:24 AM Diane, LOC#109 Sunset Ridge 6th for$5000 expires 8/30/18. Do you know if we need to renew that LOC?And if so for what amount? Regards, Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 1 Email: jenniferkghunziker.com Hunziker&Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State of Iowa Fw: LOC: Sunset Ridge, 6th Diane R Voss to: jenniferk 08/01/2017 06:20 PM „3 Bcc: Diane R Voss FYI. Can you facilitate getting this LOC renewed in the same amount? Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 -----Forwarded by Diane R Voss/COA on 08/01/2017 06:19 PM ----- From: Tracy Warner/COA To: Diane R Voss/COA@COA Date: 08/01/2017 05:53 PM Subject: Fw: Re: Fw: Re: LOC: Sunset Ridge, 6th Please see the email below from Justin Dodge. It sounds like this LOC will need to be renewed in the same amount. Tracy L. Warner, Municipal Engineer City of Ames Public Works Department Engineering Division 515 Clark Avenue Ames, IA 50010 Desk: (515) 239-5163 Email: twarner(a_)city.pmes ip us -----Forwarded by Tracy Warner/COA on 08/01/2017 05:52PM ----- To: Tracy Warner<twarner city ames is us> From: Justin Dodge <Lustin hunziker com> Date: 08/01/2017 03:25PM Subject: Re: Fw: Re: LOC: Sunset Ridge, 6th Tracy- This LOC won't be able to be reduced this time. The missing ped ramps will wait to be installed until the houses are built on those lots. With the incorrectly installed domes, I will have Mike Cockerham contact Scott about what was done incorrectly Thanks On Mon, Jul 31, 2017 at 12:49 PM, Tracy Warner <twarner city.ames is us>wrote: Justin, Please let me know what the plan is for replacing these incorrect/missing pedestrian ramps. The LOC is set to expire soon, so I need to know whether these will be fixed in time to take that into consideration with the LOC. Tracy L. Warner, Municipal Engineer City of Ames Public Works Department Engineering Division 515 Clark Avenue r Ames, IA 50010 Desk: (515) 239-5163 Email: twarnerC(ktv.ames is us -----Forwarded by Tracy Warner/COA on 07/31/2017 12:48PM ----- To: Jake Moore/COA@COA From: Scott Shepherd/COA Date: 07/28/2017 08:18AM Cc: Tracy Warner/COA@COA Subject: Re: LOC: Sunset Ridge, 6th Tracy I drove through this morning. Keller has completed his punch list. The pedestrian ramps for the trail between Allerton and Westfield were installed with incorrect dome placement and there are no ramps at Hartford and Westfield. I called Justin Dodge the last time I reviewed this subdivision as I am not sure who the contractor was. I called Justin this morning and left him a message. Thanks Scott Sent from my Pad On Jul 27, 2017, at 2:49 PM, Jake Moore <jmoore city.amesJa us> wrote.- Yes we can release COSESCO. The development has been seeded and is vegetated except for the active lots. Jake -----Tracy Warner/COA wrote: ----- To: Scott Shepherd/COA@ COA, Jake Moore/COA@COA From: Tracy Warner/COA Date: 07/27/2017 12:28PM Subject: Fw: LOC.- Sunset Ridge, 6th Scott, The last time that we talked about this one, you said that the pedestrian ramps were incorrect and that you maybe had a punchlist for Keller. Could you please provide me with another update? Do we need to contact the contractor about the incorrect ped ramps or have you already done that? Jake, How is stabilization at this subdivision? Can we release the COSESCO security? Tracy L. Warner, Municipal Engineer City of Ames Public Works Department Engineering Division 515 Clark Avenue Ames, IA 50010 Desk: (515) 239-5163 Email: twarner CI city.ames is us -----Forwarded by Tracy Warner/COA on 07/27/2017 12:26PM ----- To: Tracy Warner/COA@COA From: Diane R Voss/COA 1 Date: 07/26/2017 12:35PM Subject: LOC: Sunset Ridge, 6th The LOC for Sunset Ridge, 6th Addition, is due to expire on August 30. Could you please have someone check to see if the public improvements have been completed. Thanks! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 Justin R. Dodge Development Coordinator Hunziker Companies 105 S. 16th Street I Ames, IA 50010 515.520.2478 mobile 515.239.8676 office I justin(d)hunziker com This e-mail, including attachments, is the property of Hunziker & Associates, Realtors, and is covered by the Electronic Communications Privacy Act, 18 U.S.0 2510-2521, is confidential, and may be legally privileged. If you are not the intended recipient, you are hereby notified that any retention, dissemination, distribution, or copying of this communication is strictly prohibited. Please reply to the sender that you have received the message in error, and then please delete. Thank you. Pa-C 1 o i, 1 Re: LOC: Sunset Ridge, 6th Tracy Warner to: Diane R Voss 07/3 1/2017 12:51 PM Hide Details From: Tracy Warner/COA To: Diane R Voss/COA@COA History: This message has been replied to. FYI - I am working on this. There are still incorrect ped ramps and now broken shared use path. I have emails into Justin Dodge to see what their plan of attack is for getting these done. I will keep you informed. Tracy L. Warner,Municipal Engineer City of Ames Public Works Department Engineering Division 515 Clark Avenue Ames, IA 50010 Desk: (515) 239-5163 Email:two rner CAcity.ames.ia us -----Diane R Voss/COA wrote: ----- To: Tracy Warner/COA@COA From: Diane R Voss/COA Date: 07/26/2017 12:35PM Subject: LOC: Sunset Ridge, 6th The LOC for Sunset Ridge, 6th Addition, is due to expire on August 30. Could you please have someone check to see if the public improvements have been completed. Thanks! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 file:///C:/Users/diane.voss/AppData/Local/Temp/notesC7A056/—web3774.htm 7/31/2017 Re: LOC to Expire Diane R Voss to: Jennifer Kapaun 07/26/2017 12:26 PM l3cc: Diane R Voss Jennifer: I had sent the reminder to Tracy Warner about Sunset Ridge, 6th. On September 1, 1 will send her a request to check Village Park. Thanks! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 Jennifer Kapaun Diane, Just a reminder that we have a few LOC'... 07/25/2017 04:29:19 PM From: Jennifer Kapaun <jenniferk@hunziker.com> To: Diane R Voss<DVoss@city.ames.ia.us> Date: 07/25/2017 04:29 PM Subject: LOC to Expire Diane, Just a reminder that we have a few LOCs that will expire in the near future. #109 Sunset Ridge 6th-expires 8/30/17 #116 Village Park-expires 11/17/17 Regards, Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 1 Email: jenniferk(khunziker com Hunziker& Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State of Iowa Page 1 of 1 LOC to Expire Jennifer Kapaun m to. Diane R Voss 07/25/2017 04:29 PM Hide Details From: Jennifer Kapaun<jenniferk@hunziker.com> To: Diane R Voss <DVoss@city.ames.ia.us> Diane, Just a reminder that we have a few LOC's that will expire in the near future. #109 Sunset Ridge 6th-expires 8/30/17 #116 Village Park-expires 11/17/17 Regards, Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 1 Email: ienniferk(j�hunziker com Hunziker & Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State of Iowa file:///C:/Users/diane.voss/AppData/Local/Temp/notesC7AO56/—web2904.htm 7/26/2017 Page 1 of 1 Future LOC's that Expire Jennifer Kapaun to: Diane R Voss 06/29/2017 09:09 AM Hide Details From: Jennifer Kapaun<jenniferk@hunziker.com> To: Diane R Voss <DVoss@city.ames.ia.us> History: This message has been replied to. Diane, Just a heads up we have these LOC's that will expire in the near future. Vj` #109 Sunset Ridge 6th - expire 8/30/17 _J #116 Village Park - expire 11/17/17 Regards, Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 I Email: jenniferk(a hunzikencom Hunziker & Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State of Iowa file:///C:/Users/diane.voss/AppData/Local/Temp/notesC7A056/—web20l 7.htm 6/29/2017 Page 1 of 1 LOC's Renewals t 5 Jennifer Kapaun to: Diane R Voss 06/29/2017 08:55 AM Hide Details From: Jennifer Kapaun<jenniferk@hunziker.com> To: Diane R Voss <DVoss@city.ames.ia.us> History: This message has been replied to. Diane, I spoke with Kurt Mathewson at the bank & they should have the renewed LOC's by next week. Unfortunately they have to go through their protocol & it takes a little time. I hope that is okay. Chuck also had me reduce the one LOC 491 to $14,200. Regards, Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 1 Email: jenniferk(a�hunziker com Hunziker & Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State of Iowa file:///C:/Users/diane.voss/AppData/Local/Temp/notesC7A056/—web7058.htm 6/29/2017 LOCs Due to Expire Diane R Voss to: Tracy Warner 06/02/2017 03:46 PM l3cc: Diane R Voss Tracy: Could you or your designee check on any completions for these. Thanks! . fi l�li IV #66 Sunset Ridge 5th $1220 expires 7/1/17 (I ( � #91 Scenic Valley 1st $63,344 expires 7/1/17 -surface paving has been completed not sure about the final adjustment NRH 18th $12,151 expires 7/1/17 unset Ridge 6th $5,000 expires 8/30/17 (I �t Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 Page 1 of 1 LOC's r Jennifer Kapaun to: Diane R Voss 06/02/2017 03:23 PM Hide Details From: Jennifer Kapaun<jenniferk@hunziker.com> To: Diane R Voss <DVoss@city.ames.ia.us> Diane, Good afternoon! We had spoken about the LOC's that are coming up for expiration in the next few months. I just wanted to send a reminder. #66 Sunset Ridge 5th $1220 expires 7/l/17 #91 Scenic Valley 1st $63,344 expires 7/1/17 - surface paving has been completed not sure about the final utility adjustment. #92 NRH 18th $12,151 expires 7/1/17 #109 Sunset Ridge 6th $5,000 expires 8/30/17 I am not sure what if anything else has been completed. Justin has not kept me in the loop on some of these things. Have a good weekend! Regards, Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 1 Email: Lnniferk(khunziker.com Hunziker& Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State of Iowa file:///C:/Users/Diane.voss/AppData/Local/Temp/notesFFF692/—web l 877.htm 6/2/2017 Page 1 of 2 Re: LOC exp 7/1/17 Jennifer Kapaun to: Diane R Voss 06/27/2017 03:23 PM Hide Details From: Jennifer Kapaun <jenniferk@hunziker.com> To: Diane R Voss <DVoss@city.ames.ia.us> History: This message has been replied to. Diane, Will we have until the 5th of July to get the expired LOC's to you? I do know that Scenic Valley 1 st should be reduced by the amount of the asphalt paving, but I have no idea how much that is. I will have the other 2 done at the current price. Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 I Email: ienniferkghunziker.com Hunziker & Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State ofIowa On Tue, Jun 27, 2017 at 12:11 PM, Diane R Voss <DVossn,city.ames.ia.us> wrote: I sent John Joiner an email asking this same question last Thursday and I called him yesterday and today. Part of me just wants to let them expire... Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 From: Jennifer Kapaun< > To: Diane R Voss<DVoss(a)city.ames.ia us> Date: 06/27/2017 12:08 PM Subject: LOC exp 7/1/17 Diane, LOC's 66,91 & 92 all expire 7/1/17. How would you like us to proceed? Regards, Jennifer file:///C:/Users/diane.voss/AppData/Local/Temp/notesC7AO56/—web I433.htm 6/27/2017 Page 1 of 2 Re: LOC exp 7/1/17 Jennifer Kapaun to: Diane R Voss 06/27/2017 03:23 PM Hide Details From: Jennifer Kapaun<jenniferk@hunziker.com> To: Diane R Voss <DVoss@city.ames.ia.us> History: This message has been replied to. Diane, Will we have until the 5th of July to get the expired LOC's to you?I do know that Scenic Valley 1 st should be reduced by the amount of the asphalt paving, but I have no idea how much that is. I will have the other 2 done at the current price. Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 I Email: jenniferk(a�hunziker.com Hunziker& Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State of Iowa On Tue, Jun 27, 2017 at 12:11 PM, Diane R Voss <DVoss(a city.ames.ia.us> wrote: I sent John Joiner an email asking this same question last Thursday and I called him yesterday and today. Part of me just wants to let them expire... Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 From: Jennifer Kapaun<jenniferkna.hunziker.com> To: Diane R Voss<DVosspcity.ames.ia us> Date: 06/27/2017 12:08 PM Subject: LOC exp 7/1/17 Diane, LOC's 66,91 &92 all expire 7/1/17.How would you like us to proceed? Regards, Jennifer file:///C:/Users/diane.voss/AppData/Local/Temp/notesC7AO56/—web6818.htm 6/27/2017 Page 1 of 2 Re: LOC exp 7/l/17 �� Jennifer Kapaun n to: Diane R Voss 06/27/2017 05:08 PM Hide Details From: Jennifer Kapaun<jenniferk@hunziker.com> To: Diane R Voss <DVoss@city.ames.ia.us> History: This message has been replied to. Thanks Diane. Keep me posted. Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 1 Email: jenniferk a,hunziker.com Hunziker & Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 Licensed in the State of Iowa On Tue, Jun 27, 2017 at 4:10 PM, Diane R Voss <DVoss(a city.ames.ia.us> wrote: I just met with John Joiner on this--why do they have to make it so stressful when I have given them over 30 days' notice... John said that Tracy Warner has the inspectors going to check on these as soon as possible, but he didn't know when I would be informed. Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 From: Jennifer Kapaun<jenniferk@hunziker.com> To: Diane R Voss<DVosspcity.ames.ia us> Date: 06/27/2017 03:23 PM Subject: Re:LOC exp 7/1/17 Diane, Will we have until the 5th of July to get the expired LOC's to you?I do know that Scenic Valley 1st should be reduced by the amount of the asphalt paving,but I have no idea how much that is. I will have the other 2 done at the current price. Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 1 Email: ienniferk@hunziker.com Hunziker & Associates, Realtors 1 105 S. 16th Street Ames, Iowa 50010 file:///C:/Users/diane.voss/AppData/Local/Temp/notesC7AO56/—web7574.htm 6/27/2017 RESOLUTION NO. 16-494 RESOLUTION ACCEPTING PARTIAL COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR SUNSET RIDGE SUBDIVISION, 6TH 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 Department,the sanitary sewer, storm sewer, subgrade preparation, curb and gutter,and asphalt base installation required as a condition for approval of the Final Plat of the above-named Subdivision have been completed in an acceptable manner. Section Two. The bond given to secure performance of the public improvements is hereby lessened to $5,000.00 for the remaining work that includes punch list items on the installed infrastructure. ADOPTED THIS 23`d day of August, 2016. C-A� -� ?:� Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Betcher Seconded by: Nelson Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 23 d day of August, 2016. t Ames.. Smart Choice Public Works Department 515 Clark Avenue, Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 23 August 18, 2016 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 Ladies and Gentlemen: I hereby certify that the sanitary sewer, storm sewer, subgrade preparation, curb & gutter, and asphalt base installation, required as a condition for approval of the final plat of Sunset Ridge 61" Addition have been completed in an acceptable manner by Keller Excavating of Boone, IA and Manatts Inc. of Ames, IA. The above-mentioned improvements have been inspected by the Engineering Division of the Public Works Department of the City of Ames, Iowa and found to meet City specifications and standards. As a result of this certification, it is recommended that the financial security for public improvements on file with the City for this subdivision be reduced to $5,000. The remaining work covered by this financial security includes punch list items on the installed infrastructure. Sincerely, John C.Joiner, P.E. Director JJ/jc cc: Finance, Contractor, Construction Supervisor, PW Senior Clerk, Planning& Housing, Subdivision file Public Works Depa lrnenl 511,52395160 n,abv 515 Clark Ave.P.0-Box 811 Engineering 515,239.5404 ;%:_ Ames,IA 501i10 Sunset Ridge 61h Addition August 18, 2016 Page 2 Description Unit Quantity Excavation and Embankment CY 36,600 Subgrade Preparation SY 6,592 Sanitary Sewr Gravity Main,Trenched, 8" LF 1,231 Sanitary Service Stub, 4" EA 40 Subdrain,4" LF 197 Footing Drain Collector, Case D,Type 2,8" LF 1,346 Footing Drain Cleanout, 8" EA 5 Sump Service Stub, 1.5" EA 40 Storm Sewer,Trenched, RCP Class III, 15" LF 241 Storm Sewer,Trenched, RCP Class III, 18" LF 450 Water Main, Trenched, 8" LF 1,814 Fitting, M.J.Tee, 8" EA 1 Fitting, M.J. Sleeve, 8" EA 4 Water Service Stub, 1" EA 40 Valve, M.J. Gate, 8" EA 5 Fire Hydrant Assembly(includes 8"X8"X6" M.J. EA 3 Tee, 6" M.J. Gate Valve, 6" Pipe, and Hydrant) Temporary Blowoff Hydrant Assembly(remove and reinstall 8"X6" M.J. Reducer, 6" Pipe, and EA 4 Sanitary Manhole, SW-301,48" EA 6 Single Grate Intake,SW-501 _ EA 4 Single Grate Intake,with Manhole SW-503 EA 4 Storm Sewer Manhole, SW-401, 48 EA 1 PCC Curb and Gutter, 30" LF 3,497 Pavement, HMA Base, 6" SY _1,582 _ Pavement, HMA Base, 7.5" SY 3,225 Pavement, HMA Surface 2" SY 4,807 Pedestrian Ramps, PCC, 6" _ SY 34 Detectable Warning Panels SF 40 Seeding(Type 1), Fertilizing and Mulching AC 13.4 Inlet Protection EA 8 Silt Fence LF 2,800 Stabilized Construction Entrance EA 3 C1���% IRREVOCABLE STANDBY LETTER OF CREDIT J9Q - ��000, ISSUER:VISIONBANK OF IOWA LC G 104 CHESTNUT ST `r AMES,IA 50010 I c- C�' v Date of Issue:09.15.2015 Letter of Credit Number: 77 Amount: U.S. $ 78,520.00 ( SEVENTY EIGHT THOUSAND FIVE HUNDRED TWENTY AND N01100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES HUNZIKER LAND DEVELOPMENT COMPANY LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit dare]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is DOCUMENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. 1 A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT N75 DATED ❑ Other documents: SEPTMEBER 15,2015 FOR THE ACCOUNT OF HUNZIKER LAND DEVELOPMENT COMPANY,LLC. Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS: Irrevocable Standby Letter of Credit VMPU Bankers SystemsTM LC-STANDBY 9/11/2009 Wolters Kluwer Financial Services @2001,2009 VMPC612 (0909).00 Page 1 of 2 60OZ'LOOZ OO sao!AiaS!e!oueu!j jamn!)!sial!oAA Z;o Z abed YJ1swalsAS sjojue9(g)dWA 00'(6060) ZL9DdWA 1!pai);o laual AgpuujS a!geoonaJi! 60OZ/L L/6 A90NViS-01 (allu pue—Ni 1-21s) H39VNVIN 1VI383WW03 dAS'N0SM3H11VW 1Hnm SVWOHl (aJeQ) (amlztz�l S) �Cg (=T!N nnssl) VM0130 NNV9NOISIA •algea?Idde se `dSI 10 d3Il NIg11M 1ualslsuQaul 1ou aze smel gans se 2uol os `eauau� ;o s31e1S pal?u[l a141 VM01 3o smel aql �q pauianoo aq osle Iieus 1?Pa-IO ;o .1a1Ja'I s?IIL (86dSI) S661 Sa011ae.1d fgpuelS Ieuoileulalul aql C •Juauipuaute.10 uois.laA aalel Niue ao `(d011) 009 '0N uolleo?lgnd aa.launuoD 3o .IaqutegO leuolleutalul `uo?s?Aa21 LOOT `slINJD DmuauinaoQ .toj a011313M Put, sutolsnD uuo3?u fl aql 91 :�q pautanoo aq IIeus J?pazO 3o 1a11a-I STU 'Md'I 9-19VDI'1ddV 'aige.la;sue.li-uou L, algeia;sueal ❑ sl JlpWD 3o calla-1 s?qZ 'All-1I9d2I9dSNV-dl •n.tetai;auag of aanssl moi3 ao?lou /WE Jnogllm uo aatdxa llegs 1?p3id Jo aalla'I s?q1 `Juana nue ul •1?paiD;o ta11a l s?q1 pualxa of Jou slaala ianssl Imp a1BG uollel?dxg aql 01 lotad s Cep lseal 1e oull?IA,, ui �S.letagauag sal3pou ionssl ssalun `no(j uo?1ei?dxg aqi 1no.i; step ;o pouad I, so; papualxa i Sllau C aq lleg aeQ uo?leaidxg x4i `a1eQ uojlei?dxg aq1 of ioud 1?paz0 to ta1a'l SIM ;o Junoue lln3 aclJ umep e alg aIeQ uoileildxg aq1 aio;aq so uo 1?palO 30 1a11a l slgl Jo suo?s?Aoid aql qJ?m aaue?lduloa la?jls ui paluasaid sile.zQ IF .louoq 01 saazoe .lanssl •(aleQ) 9LOZ•SL•60 uo (;.)Lmj,) •W•d OET le ssoippe s,.ianssl Je ssau?snq to asola 3q1 Je sai?dxa 1?p3.1O 3o .1alla-1 s?11,L •g,LdQ NOILd2IIdXg RESOLUTION NO. 15-553 RESOLUTION ACCEPTING PARTIAL COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR SUNSET RIDGE SUBDIVISION, 6TH 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 Department,the sanitary sewer, storm sewer, subgrade preparation,curb and gutter,and asphalt base installation required as a condition for approval of the Final Plat of the above-named Subdivision have been completed in an acceptable manner. Section Two. The bond given to secure performance of the public improvements is hereby lessened to $78,520.00 for the remaining work that includes installation of asphalt surface paving, pedestrian ramps and walks, final adjustment of utility features, and street lighting. ADOPTED THIS 8t'day of September, 2015. S aa"' At-W 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 8"day of September, 2015. Ames, Smart Choice Public Works Department 515 Clark Avenue, Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 September 1, 2015 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 Ladies and Gentlemen: I hereby certify that the sanitary sewer, storm sewer, subgrade preparation, curb & gutter, and asphalt base installation, required as a condition for approval of the final plat of Sunset Ridge 6`h Addition have been completed in an acceptable manner by Keller Excavating of Boone, IA and Manatts Inc. of Ames, IA. The above-mentioned improvements have been inspected by the Engineering Division of the Public Works Department of the City of Ames, Iowa and found to meet City specifications and standards. As a result of this certification, it is recommended that the financial security for public improvements on file with the City for this subdivision be reduced to $78,520.00. The remaining work covered by this financial security includes installation of asphalt surface paving, pedestrian ramps and walks, final adjustment of utility features, and street lighting. Sincerely, John C.Joiner, P.E. Director JJ/jc cc: Finance, Contractor, Construction Supervisor, PW Senior Clerk, Planning & Housing, Subdivision file Public Works Department 515.239.5160 ,,win 515 Clark Ave.P.O.Box 811 Engineering 515.239.5404 faY Ames,IA 50010 www.CityofAmes.org Sunset Ridge 6"'Addition September 1, 2015 Page 2 Description Unit Quantity Excavation and Embankment CY 36,600 Subgrade Preparation SY 6,592 Sanitary Sewr Gravity Main,Trenched, 8" LF 1,231 Sanitary Service Stub,4" EA 40 Subdrain, 4" LF 197 Footing Drain Collector, Case D,Type 2, 8" LF 1,346 Footing Drain Cleanout, 8" EA 5 Sump Service Stub, 1.5" EA 40 Storm Sewer,Trenched, RCP Class III, 15" LF 241 Storm Sewer,Trenched, RCP Class III, 18" LF 450 Water Main,Trenched, 8" LF 1,814 Fitting, M.J. Tee, 8" EA 1 Fitting, M.J. Sleeve, 8" EA 4 Water Service Stub, 1" EA 40 Valve, M.J. Gate, 8" EA 5 Fire Hydrant Assembly(includes 8"X8"X6" M.J. EA 3 Tee, 6" M.J. Gate Valve, 6" Pipe, and Hydrant) Temporary Blowoff Hydrant Assembly(remove and reinstall 8"X6" M.J. Reducer, 6" Pipe, and EA 4 Sanitary Manhole,SW-301,48" EA 6 Single Grate Intake, SW-501 EA 4 Single Grate Intake, with Manhole SW-503 EA 4 Storm Sewer Manhole, SW-401, 48" EA 1 PCC Curb and Gutter, 30" LF 3,497 Pavement, HMA Base, 6" SY 1,582 Pavement, HMA Base, 7.5" SY 3,225 Pavement, HMA Surface, 2" SY 4,807 Pedestrian Ramps, PCC, 6" SY 34 Detectable Warning Panels SF 40 Seeding (Type 1), Fertilizing and Mulching AC 13.4 Inlet Protection EA 8 Silt Fence LF 2,800 Stabilized Construction Entrance EA 3 / y IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010 Date of Issue:03.04-2015 Letter of Credit Number: 71 Amount: U.S. $ 365,031.00 ( THREE HUNDRED SIXTY FIVE THOUSAND THIRTY ONE AND NO1100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES HUNZIKER LAND DEVELOPMENT COMPANY LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is DOCUNIENTS. Each Draft must be accompanied by the following, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. GU A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#71 DATED MARCH [I Other documents: 4,2015 FOR THE ACCOUNT OF HUNZIKER LAND DEVELOPMENT COMPANY,I.I.C. Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. SPECIAL INSTRUCTIONS: Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 VMPO Bankers SystemsTM VMPN612 /11/2 09 Wolters Kluwer Financial Services CD2001,2009 Page 1 of 2 EXPIRATION DATF,.JltLetter of Credit expires at the close of business at Issuer's address at 4:30 P.M. (Time) on 03.04-2016 (Date). Issuer agrees to honor all Drafts presented in strict compliance with the provisions of this Letter of Credit on or before the Expiration Date. ❑ If Beneficiary has not drawn the full amount of this Letter of Credit prior to the Expiration Date, the Expiration Date shall be extended for a period of days from the Expiration Date, unless Issuer notifies Beneficiary in writing at least days prior to the Expiration Date that Issuer elects not to extend this Letter of Credit. In any event, this Letter of Credit shall expire on without any notice from Issuer to Beneficiary. TRANSFERABILITY. This Letter of Credit is ❑ transferable ® non-transferable. APPLICABLE LAW. This Letter of Credit shall be governed by: ® the Uniform Customs and Practice for Documentary Credits, 2007 Revision, International Chamber of Commerce Publication No. 600 (UCP), or any later version or amendment. ❑ the International Standby Practices 1998 (ISP98). This Letter of Credit shall also be governed by the laws of IOWA the Utvted States of America, so long as such laws are not inconsistent with the UCP or ISP, as applicable. VISIONBANK OF IOWA (Issuer Nam ByWEE (Signature) (Date) CHRIS OTTO BRINKMEYER,MARKET PRESIDENT (Signer Name and Title) Irrevocable Standby Letter of Credit VMPO Bankers SystemsTM LC-STANDBY 9/11/20.09 Wolters Kluwer Financial Services ©2001,2009 Page 2 of 2 Fw: LOC for Sunset Ridge, 6th Eric Cowles to: Diane R Voss 03/24/2015 08:01 AM Cc: Justin Clausen Eric Cowles Fw: IOC for Sunset Ridge, 6th It looks the LOC includes the remaining storm sewer, sanitary sewer, curb and gutter, street paving, pedestrian ramps, street lights and COSESCO bond. Thanks! rs'', Eric D. Cowles, P.E. Civil Engineer H 515.239.5277 main 1 515.203.0791 cell 515.239.5404 fax ecowles@city.ames.ia.us I City Hall, 515 Clark Avenue I Ames, IA 50010 www.CitvofAmes.org I -Caring People-Quality Programs" Exceptional Service" ----- Forwarded by Eric Cowles/COA on 03/24/2015 07:58 AM ----- From: Justin Clausen/COA To: Eric Cowles/COA@COA Cc: Diane R Voss/COA@COA Date: 03/24/2015 07:50 AM Subject: Fw: LOC for Sunset Ridge, 6th Can you coordinate with Diane? Pms L LOC for Sunset Ridge, 6th Diane R Voss to: Justin Clausen 03/20/2015 04:38 PM Bcc: Diane R Voss Diane R Voss LOC for Sunset Ridge, 6th A LOC was delivered this afternoon for the above-named Subdivision. Do you have the list of improvements and amounts that it is supposed to pay for? Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 CITY OF City Clerk's Office -low A m e 515 Clark Avenue,P. O. Box 811 Ames, IA 50010 Smart Choice Phone: 515-239-5105 Fax: 515-239-5142 March 20, 2015 TO WHOM IT MAY CONCERN: I, Jill L. Ripperger, hereby certify that I have this date received from Hunziker Land Development Company, LLC, Letter of Credit No. 71 in the amount of$365,031.00. Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the development of Sunset Ridge Subdivision, 6'Addition, City of Ames, Iowa. By: Jill L. Ripperger Title: Deputy City Clerk