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HomeMy WebLinkAboutA024 - LOC for stormwater maintenance - returned May 16, 2020 - j(o �a0( Cj' Ft,+. ovio LoG IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA 104 CHESTNUTST AMES,IA 50010 Date of Issue:03.28-2016 Letter of Credit Number: 95 Amount: U.S. $ 20,000.00 ( TWENTY THOUSAND 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 ,c sS%K Vs LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the/C/t 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. N A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#95 DATED MARCH 28,2016 FOR THE ACCOUNT OF HUNZIKER LAND DEVELOPMENT COMPANY,LLC. ❑ Other documents: 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 VMPID Bankers SystemsTM LC-STANDBY (0909009 VMPC612 Wolters Kluwer Financial Services©2001,2009 page age 1 1 off 2 2 Z}o Z a6ed 60OZ'LOOZ Co) saoiAiaS 19!3UUAd saa ueN SJ@110M 0016060) ZL90dWA wt S 9 updLNA 60OZ/L L/6 ASONVIS-01 lipai0}o ial3al/,9PuaLS al9eoonaiiI A3N29OIJY.)J-1 i' Jl9 M60 01 d C]3AU8ddV (311?1 Pue amK IauSls) 1N301S3ad EAHVIN'NOSM3H11VIN lam SVWOHl Oita) Xg (ainlEu�;S) (;)wN Ianssl) VM0130 NNVBNOISIl1 •alquoildde su `dSI 10 dOfl agl gllm lualSTSaoout lou alu smel guns se Suol Os `eopoury 3o SaJe1S paliun aq1 FM01 3o smul aql �q paulano8 aq osle llugs lipalD 3o 1311arl siq,L '(86dSI) 8661 S3011Oeld[CgpuulS leuoileuialul oql ❑ •Juauipuauie to uoiSnA Ialel Cuu to `(dXl)009 'ON uoileoilgnd oolauuzToO Io IaquiugO luuoileuialul `UOISIAa-d LOOZ `S1ipalD fleluauinooQ io3 aotlould Pue suiolsnD uuo;iufl oql :Kq P3ui3no8 ag IlegS 1ipalD Io 1911a'I sigl 'MV"I 9'19VDI'Iddd •algelajsuull-uou ® olqula;suell ❑ si ilpalD jo 1111a'I SIg,L *kLI 119V'dadSNVdJ, -fouioliauag of Ianssl uioij aoilou 4uu lnoglim uo aiidxa lImp lipwDjo 1a113'I Sig1 `Juana Aue ul •1?p4lD JO 101Ja'I Sig1 Pualxa of 1ou sloala Ianssl 1eg1 aiuQ uojluiidxg aql of loud sKup lseal lu Suililm ui Ximoigouog sagllou Ianssl ssalun `aleQ uoilulidxg aql ulol; sKup 3o pound u lo3 papualxa aq llugs 31eQ u011ulidxg oq1 `oluQ uoilelidxg aq1 o1 loud lipalD 3o n1la"I sigl Io lunouie lln3 aql umelp IOU sell Xleioi;auag 3I ❑ •a1uQ uoileiidxg oql alo3aq Io uo 1Tpoij 3o Ialla'I STill jO SUOTSTAoid oql gITM amwildmoo loiilS ui pluosoid sl3eiQ llu iouoq of saaiSe Ianssl (aleQ) OZOZ•SZ-£O uO (aunt) IN'd OC:t lu ssaippe s,ionssl lu ssouisnq 3o osolo aql 1u salidxa 1ip31D Io Ialla"I snil -HJ VQ NOI LV-dldXg