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A025 - Resolution No. 22-269 adopted May 24, 2022 - completion of public improvements; LOC documents
RESOLUTION NO. 22-269 RESOLUTION ACCEPTING COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR HAYDEN'S CROSSING, 1ST 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 public sidewalk improvements required for Hayden's Crossing, Is' Addition are hereby accepted as complete and satisfactory; and, Section Two. The bond given to secure performance of the public improvements is hereby released and shall be returned to the subdivider. ADOPTED THIS 241' day of May, 2022. T Diane . Voss, City Clerk John A. Haila, Mayor Introduced by: Betcher Seconded by: Junck Voting aye: Beatty-Hansen, Betcher, Gartin, Junck, Rollins Voting nay: None Absent: Corrieri Resolution declared adopted and signed by the Mayor this 24t'day of May, 2022. L Voss, Diane From: Voss, Diane Sent: Wednesday, June 15, 2022 3:39 PM To: Jennifer Kapaun Subject: Hayden's Crossing, 1st Addition Attachments: 269.pdf Jennifer: At its meeting held May 24, 2022, the Ames City Council adopted Resolution No. 22-269 accepting completion of public improvements and releasing the security for the above-named Subdivision. Said Resolution is attached. I have mailed without cover the original Letter of Credit to you this date. Diane R.Voss, City Clerk/Records Manager 515 Clark Avenue Ames, Iowa 50010 515-239-5105 diane.voss@cityofames.org i IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010 Date of Issue:03.28.2016 Letter of Credit Number: 94 Amount: U.S. $ 178,881.00 ( ONE HUNDRED SEVENTY EIGHT THOUSAND EIGHT HUNDRED EIGHTY ONBAIED IIDOBLARS) 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 �'�S 5S, r� 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#94 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 LC-STANDBY 9/11/2009 VMPOO Bankers SystemsTM VMPC612 (0909).00 Wolters Kluwer Financial Services ©2001,2009 Page 1 of 2 Z 10 Z aBed 60OZ'LOOZ OO saoinJaS lei0ueuid jamnlN siallom 0016060) Z L90dWn W1swalsAS sialueg @dNA 60OZ/L L/6 A9ONVIS-01 11pai0;o lalial AgpuelS alge0onaiiI A3N)J0iI 'A l ,) A9 n fl�(33A02iddd (111!1 Pue ameN.iaufis) iN301S38d 13NHVIN'NOSM3H11VIN ium SVINOHl t 01UG) AU (aumN ianssl) VM013O HNVSNOISIA alquollddu se `dSI�o d�fl ailJ gllm lualsiSuomi Jou a.ie smel dons su Owl os `uouauiv to solms pallu[l aqi VM01 3O smul aqi fq pau.ianOD aq oslu Ilegs Jlpa.iD to J;)IP'l SI%L '(86dSI) 866T saollo Id JgpuuiS Inuollzuialul aql ❑ •luauipuaiuu JO uolsian.iaiu; Cue 10 `(dDN 009 'ON uouuollgnd oo.iaanuoo •l0 lQquizgD luuOliuuialul `uolslnag LOOZ `sltpa.iD C.iuluauinooCj iol oollou.id puu suioisnD uuo3lun aqi Cq pauian08 ag llugs llpaaD Jo iaJJa I s?qj `MV-1 g'I$VDI"IddH •alquia3suu.u-uou EK alqu.ialsuuji sl llpoiD•lo nilarj siq,L •,k.LI"II9d2I33SKV-dl -�juioilauag of ianssl uioil oopou Suu inogllm uo aaldxa llugs llpa.iD to aaJJa"I slgi `Juana Cue ul •JlpaiD J0 aaila"I sup pualxa of Jou sioala nnssl imp mcl uoliundxg aqJ of lol.id sAxp lsual Ju oullum ui r iuiogauag saijpou .ianssl ssalun `aluQ uolJu.ildxg aqJ uio.i3 s�Ep to poliad u l01 papuaixa aq llegs aluQ uollu.ildxg otp `alu(I uolleildxg aql of .loud llpa.i:) to stgl to lunouie lln; xp um-eip lou sal [Julol3au3g 3I •oluQ uollemdxg aql aiolaq.io uo ilpasD to.i wq slgJ 3O su0lslnoid aql gllm aoueilduioo iouis ui paivas;)ld slluaQ lle .iouoq Ol sow& aanssl (; eCj) LLOZ•BZ-EO uo (aun,L) IN`d OE:b It, ssoippu s,.ianssl lu ssaulsnq 3o asolo aql ie sa.ndxa llpa.iD to .iaila'j slil.L •g.LdQ NOLLd2IIdXg Page 1 of 2 Re: Fwd: LOC for Hayden's Crossing Eric Cowles to: Diane R Voss 04/21/2016 08:20 AM Cc: Tracy Warner Hide Details From: Eric Cowles/COA To: Diane R Voss/COA@COA Cc: Tracy Warner/COA@COA Diane, The amount is correct. Includes utility service connections, utility adjustments, trail paving, asphalt surfacing, street lighting, detention pond subdrain and seeding as well as COSESCO. There will be a separate bond for the pond maintenance for 4 years at $5,000 per year, but that will come later. Let me know if you need anything else. I will be back in the office tomorrow. Thanks! ter.: 3 t:! Eric D. Cowles, P.E. Civil Engineer II 515.239.5277 main 1 515.239.5404 fax ecowles@city.ames.ia.us I City Hall, 515 Clark Avenue Ames, IA 50010 www.CityofAmes.org I - Caring People - Quality Programs - Exceptional Service -----Tracy Warner/COA wrote: ----- To: Eric Cowles/COA@coa From: Tracy Warner/COA Date: 04/20/2016 06:53PM Subject: Fwd: LOC for Hayden's Crossing Does this sound right? Have you seen anything that breaks down this cost to review/approve? file:///C:/Users/diane.voss/AppData/Local/Temp/notesFFF692/-web43 91.htm 4/21/2016 LOC for Hayden's Crossing Diane R Voss to: Tracy Warner 04/20/2016 04:19 PM Bcc: Diane R Voss Brian Torresi delivered a LOC for Hayden's Crossing in the amount of$178,881. Can you please confirm the amount and tell me the elements and individual amounts for each. Thanks! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 l C3Ty�-OF R:!H Am I le s, Smart Choice Public Works Department 515 Clark Avenue,Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 25 October 3,2016 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 Ladies and Gentlemen: I hereby certify that the public utility installation, curb and gutter construction, and base lift of asphalt paving required as a condition for approval of the final plat of Hayden's Crossing Vt Addition have been completed in an acceptable manner by Ames Trenching and Excavating of Ames, 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 set at $44,365. The remaining work covered by this financial security includes installation of the final asphalt surfacing, final adjustment of utility features, erosion control, detention basin. 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 maim 515 Clark Ave.P.O.Box811 Engineering 515.239.5404 fax Ames,IA 50010 Hayden's Crossing, VY Addition March 22, 2016 Page 2 Description Unit Quantity Sanitary Sewer Gravity Main Trench 8" LF 989 Sanitary Sewer Service Stub 4" EA 20 Storm Sewer Trench RCP 15" LF 706 Storm Sewer Trench RCP 18" LF 302 Pipe Apron, RCP 15"with Footing and Trash Guard EA 3 Pipe Apron, RCP 18"with Footing and Trash Guard EA 5 Subdrain Perforated PVC 6" LF 651 Storm Sewer Service Stub EA 20 Water Main Trenched 8" LF 1021 Fittings,8" 22.5 Degree MJ Bend EA 1 Fittings, W" 11.25 Degree MJ Bend _ EA 4 Water Service Stub 1" EA 20 Valve 8" EA 4 Fire Hydrant Assembly,8" EA 3 Flushing Device (Blowoff) EA 1 MH Type SW-301 Sanitary EA 3 MH,Type SW-303 (Sanitary) EA 1 MH Type SW-301 Storm EA 2 MH,Type SW-307 (Storm) __ EA 1 Intake Type SW-501 EA 1 Intake Type SW-50_3_-_„-- -- —!_ EA _ 3 Intake Type SW-505 EA 4 Intake Type SW-506 EA 2 Stablized Construction Entrance EA 1 Inlet protection Device EA 4 Sub grade Preparation SY 3584 30" Curb &Gutter LF 2140 6" HMA Base SY 2505 2" HMA Surface SY 2505 Sidewalk 6" PCC SY 15 Sidewalk 4" PCC SY 47.3 Detectable Warnings SF 20 Shared Use Path 4" Paved SY 186 Shared Use Path,4"Gravel SY 171 Adjust Manhole EA 4 Native Prairie Seeding AC 0.5 Wetland Seeding AC 0.9 Conservation Seeding AC 1.2 Low Grow Seeding AC 0.8 Traditional Seeding AC 6 RESOLUTION NO. 16-598 RESOLUTION ACCEPTING PARTIAL COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR HAYDEN'S CROSSING SUBDIVISION, 1ST 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 public utility installation, curb and gutter construction, and base lift of asphalt paving 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 $44,365 for the remaining work that includes installation of the final asphalt surfacing, final adjustment of utility features, erosion control„ and detention basin. ADOPTED THIS 11`t'day of October, 2016. c�wu' 2- W__J� A. l�sw Diane Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Corrieri Seconded by: Gartin Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 1 lth day of October, 2016. Page 1 of 1 Haydens Crossing LOC #94 Jennifer Kapaun to: Diane R Voss 03/16/2017 04:44 PM Hide Details From: Jennifer Kapaun<jenniferk@hunziker.com> To: Diane R Voss <DVoss@city.ames.ia.us> Diane, I have a new LOC for Hayden's Crossing #94 to trade with you. It expires 3/28/17. Let me know what is convenient for you to make the trade. Regards, Jennifer Jennifer Kapaun I Executive Assistant I Hunziker Land Development Office:515-239-8672 1 Cell:515-450-7555 1 Email: jenniferk ,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/notesFFF692/—web4l 78.htm 3/17/2017 f: Page 1 of 2 Ym_ Re: Haydens Crossing LOC #94 1 Jennifer Kapaun to: ' Diane R Voss 03/17/2017 09:55 AM Hide Details From: Jennifer Kapaun<jenniferk@hunziker.com> To: Diane R Voss <DVoss@city.ames.ia.us> Diane, Yes the LOC will be for the same amount. I do not think there has been any changes as far as items completed. Regards, 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 Fri, Mar 17, 2017 at 9:50 AM, Diane R Voss <DVoss(a�city.ames.ia.us> wrote: That is one I sent to Eric to check if any improvements have been completed, but of course, I haven't heard back. Will this LOC be in the same amount as the old and only be a replacement? Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 From: Jennifer Kapaun<jenniferk(a)hunziker.com> To: Diane R Voss<DVoss@city.ames.ia.us> Date: 03/16/2017 04:44 PM Subject: Haydens Crossing LOC#94 Diane, I have a new LOC for Hayden's Crossing#94 to trade with you. It expires 3/28/17. Let me know what is convenient for you to make the trade. file:///C:/Users/Diane.voss/AppData/Local/Temp/notesFFF692/—web8541.htm 3/17/2017 IRREVOCABLE STANDBY LETTER OF CREDIT r T `_,� F Llt t ' ISSUER:VISIONBANK OF IOWA f '� °L(�l C�_cP 104 CHESTNUT ST e� W,G/ AMES,IA 50010 V Date of Issue:10-18-2016 Letter of Credit Number: 94 Amount: U.S. $ 44,365.00 ( FORTY FOUR THOUSAND THREE HUNDRED SIXTY FIVE 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#94 DATED OCTOBER 18,2016 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:THIS LETTER OF CREDIT WAS OBTAINED FOR THE USE AND BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY LLC TO SECURE IMPROVEMENTS TO HAYDEN'S CROSSING SUBDIVISION, 1ST ADDITION Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 VMPOO Bankers SystemsTM VMPC612 109091.00 Wolters Kluwer Financial Services©2001,2009 Page 1 of 2 Z}o Z a6ed sao)nia eMew jams sin o 00'16060) Z L93MA 600Z'100Z OO w jswalsAS sialue8 e d A 600Z/L L/6 A80NV1S-01 })paid}o canal AgpuelS 9l9e30na»1 (a11!1 Put auitN J-2,S) 1N301S38d 13NUViN'NOSMIKiVIN IHnN StlWOHl (al ) (altutu�>S) (auitN iaussi) VM0130 NNtl8 MMA •ajquoijdde su `dSI 10 dDfl aql glim JualSiSu00111 IOU a1u smul guns su guol oS `e0ijourV 3O SaJuls Pal?ufl 01P dM01 3o smul aql Aq paul3no8 aq oslu Iltgs 1tpa1O 3o 1311arl s?ql '(86dSI)8661 Sa0110u1d AgpuulS luuomulolul aql ❑ •luauipuauie 10 UOISl0A I31e[Auu 10 `(dOfl)009 'ON uolluo?lgnd aolauiiuoO 3o logmtlD leuorleulalul `uO?S?Aa�f LOOZ `sl?pa1O flzluaulnooQ 1o3 00110uld puu suiolsn0 uuoj?ull oq1 :Aq pauJaAOS oq Ilegs lipalO;O 19110-1 TEL •MV-19-19VDI"Iddd •3lgel03Sue11-uou ® olqulajsu-ml ❑ s? 1?pa1O 3o lallo-I s?LIL 'ALI-llgV-IgASNV-dL •A1uio?33uag of lanssl uioi3 oollou Auu lnogl?m uo alidxa Ilugs 1?poiO 3o 1311arl SIT `Juana Auu ul •11pa1O;o 13110-I sigl pualxo o1 lou sl0ala lanssl 1ug1 a1uQ uoilulidxg 3q1 of 1oild sAep isual lu 2u?1um ui Aiuloi3auag s3gpou lanssl ssalun `31uQ uonu1?dxg aqJ uio13 sAup 3o pound u 1o; papualxa ag hugs oluQ uoiltuidxg oq1 `oluQ uoilumdxg aql Ol loud 1ipa1D 30 nip-I sTgJ �O Junouiu lln} aq1 umulp lou suq A1u?0?3auag 3I ❑ •aJuQ uo?Jundxg ag1 a1o}3q 10 uo 1?poiO to 1a113-1 sigl lO Suo?S?Ao1d Pill q1?m a0uu?lduloo lo?11s ui paluasoid s13u1Q Ilu louoq of saalSu lanssl (a1uQ) LIOZ-BZ•£0 uo (a�?L) 'W'd 0£:b lu ssalppu s,lanssl le ssou?snq jo osolo aql 1u sa1?dxa 1?pa1O 3o 1311a-1 s?qs •gZdQ NOIJV-dldXg IRREVOCABLE STANDBY LETTER OF CREDIT a -for ISSUER:VISIONBANKOFIOWA P -�eyle�r LAG 104 CHESTNUTST O " AMES,IA 50010 Date of Issue:03-17-2017 Letter of Credit Number: 94 Amount: U.S. $ 44,365.00 ( FORTY FOUR THOUSAND THREE HUNDRED SIXTY FIVE 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 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 N94 DATED MARCH 17,2017 FOR THE ACCOUNT OF HUNZIKER LAND DEVELOPMENT COMPANY,I.I.C. ❑ 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:THIS LETTER OF CREDITWAS OBTAINED FOR THE USE AND BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY LLC TO SECURE IMPROVEMENTS TO HAYDEN'S CROSSING SUBDIVISION,1ST ADDITION Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 VMPOO Bankers SystemsTM VMPC612 (09091.00 Wolters Kluwer Financial Services©2001,2009 Page 1 of 2 I Z;o Z 86ed 60OZ'LOOZ @ saolnJaS leloueulj ianenl)l sialloM 0016060) Zl9OdWn wlswelsAS sia�uea(g)dWA 60OZ/L t/6 d8ONV1S-31 lupaia}o iallal AgpuelS algeoonaiil (aptZ pue alueN iau51s) 1NIOIS38d 13NHtlW'NOSM3HIMIN lunN StIWOHl (aleQ) (anuen�iS) Aq (alueN iansSI) VM01 d0 NNVON01SIA •algpoiiddp sp `dSI 10 dDfl aig grim lumsisuoour iou a u smel Bans se 8uol os `eouaurV to Sams P31lufl aql VM01 3o smel pip Aq pawano� aq oslp Ilugs lipaiD to aaua'I siU '(86dSI)8661 saatlaEad fgpupjS luuotjewalul aqj ❑ WauipuauM I0 uOISlaA 3ajEl Aup 30 `(dofl)009 'ON uollEaiignd ooiaunuoD ;o IaqumgD IEuoljEwajul `uolSina21 LOOZ `SltpalD Slmuxanoo(j io3 oopouid pup stuojsnD uuo;mfl aqj Cq pawan08 aq ilpgs jipalD 10 iaua7 sigl -MV-I g'IgVDI"Iddd 'algp1alSupza-u0u ® aigp.la;supij D si iipa.TD3o jaua'I StgL 'AJI'IIlV-d9JSNV-dl •Xipiotlauag of ianssl uioi3 aailou Cup inopm uo alidxa Ilegs jipaiD jo raua^I SIM `Juana 6up ul •jipaaD;o KW-j sup pualxo of jou sioala .ianssl wqj ajpQ uoilendxg aql of loud sAup jseal je Suilum ui Aipiogauag Sal you ianssl ssalun `aIEQ uoijundxg a p uioi3 sSup 10 pouad e .io3 papmIxo aq Ilpgs ajuG uopElidxg aqj `aleQ uoijendxg ail of ioiid iipaiO ;o nuaZ slip jo junoum lln; aqp ume3p jou Sal faupgauag 31 ❑ •alpQ uoilpndxg ail aio;aq so uo lipalO;o aajja-I Stgp J0 SuoiStnoid aip gpm aouptiduioo soups ui paluasoid sp1E1(1 Ile iouoq of saoi8p .ianssl (ajEQ) 81OZ•91•b0 uo Ounj) 'W'dOC:V le ssa.ippe s,lonssl jp ssauisnq;o asolo aqj le sandxa iipaiD jo zalp-I sTtU 'gIVCI NOL V-dldXg Hayden's Crossing, 1 st and 2nd Additions: Reduction in LOCs Diane R Voss to: jenniferk 11/30/2018 04:47 PM Bcc: Diane R Voss Jennifer: The City Council, at its meeting held November 27, 2018, adopted the attached Resolutions reducing the amount of security required for each Addition. ............... Resolution No. 18-628 Reducing LOC.112718.pdf Resolution No. 18-629 Reducing LOC.1 12718.pdf Thank you! Diane Voss, City Clerk/Records Manager P. O. Box 811 Ames, Iowa 50010 (515) 239-5105 t I C I{aYr "F Ames. Smart Choice Public Works Department 515 Clark Avenue,Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 Item # 15 November 27, 2018 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 RE: Hayden's Crossing Vt Addition LOC Reduction#3 Ladies and Gentlemen: I hereby certify that the asphalt surfacing, final utility adjustments, erosion control, and detention basin required as a condition for approval of the final plat of Hayden's Crossing 1" Addition have been completed in an acceptable manner by Manatt's, Inc. of Ames, Iowa and other 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 $4,680.00. The remaining work covered by this financial security includes installation of public sidewalk. Sincerely, John C. Joiner, P.E. Director JJ/nw cc: Finance, Planning& Housing, Subdivision file Public Works Department 515,239,5160 -ain 515 Clark Ave.P.O.Box811 Engineering 515 239.5404 t"ax Ames,IA 50010' � ' � www.ityofAme org INN, Hayden's Crossing 1"Addition November 27, 2018 Page 2 Description Unit Quantit Sidewalk, PCC SY 41 130 RESOLUTION NO. 18-628 RESOLUTION ACCEPTING PARTIAL COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR HAYDEN'S CROSSING, 1" 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 Hayden's Crossing,2°d Addition required as a condition for approval of the Final Plat of the above- named Subdivision has/have been completed in an acceptable manner. Section Two. The bond given to secure performance of the public improvements is hereby lessened to $4,680.00 for the remaining work that includes installation of public sidewalk. ADOPTED THIS 27`h day of November, 2018. Diane R. Voss, City Clerk John . Haila, Mayor Introduced by: Corrieri Seconded by: Gartin Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 27h day of November, 2018. IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010 Date of Issue:03.19.2018 Letter of Credit Number: 94 Amount: U.S. $ 44,365.00 ( FORTY FOUR THOUSAND THREE HUNDRED SIXTY FIVE 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#94 DATED MARCH 19,2018 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: THIS LETTER OF CREDIT WAS OBTAINED FOR THE USE AND BENEFIT OF HUNZIKER LAND DEVELOPMENT COMPANY LLC TO SECURE IMPROVEMENTS TO HAYDEN'S CROSSING SUBDIVISION,1 ST ADDITION. Irrevocable Standby Letter of Credit LC-STANDBY 9/1 11200 9 VMPO Bankers SystemsTM VMPC612 (09091.00 Wolters Kluwer Financial Services©2001,2009 Page 1 of 2 Z}o Z aBed 60OZ •LOOZ OO saolAIaS lelaueuld jamnpl siallaM 00'160601 ZLSOdWA VY1swalsASsJalueB@dWA 600Z/L L/6 A90Ntl1S 0l llpaio;a iaijal AgpuelS algeaonaiJl t Olu pm:am m 1-2,S) 1N301S3Hd 138HVIN'NOSM3H11VW 1Hf1)I SVWOHl (aleQ) (amienBiS) Ag (ameN iansSI) VM0130 ANVON01SIA •alquoilddp su `dSI 10 dOfl aT tRiM lualsisuoom 1ou a.1p SAW,dons s$guol os `milauld ;o Sams palmy aql vM01 30 snmpl otg Aq pauiaA02 oq osip Bugs lipaTO ;o lailari Sig1 (86dSI) 866i saMOLUd Xgpupm$ Imoilpuulul atll ❑ •luauipuoulp 10 uois.iaA ialpl Cup so `(dOfl)009 'ONI uoileailgnd oolaunuo0 3o iaquiugD luumi u olul `uoTsiAO'd LOOZ `slipa.i0 AlMuoumaoQ .io; aaTlaeid pup stuolsn0 uuo;iufl aql :Xq patuaAOS oq Ilpgs lipalD jo.calla-i suU 'Md'I g"IgdOI"Iddd algpia;supil-uou ® algpia;supil ❑ si 1ipaj03o aallaZ SiiIL '1�LIIIg�2IgdS1\Id2iL •buioi;auag o1 ionssl uioi; amlou Cup lnotpm uo a.ndxa Ilpils lipar0;o iaAa-I Sitl1 `Juana Xup III •1ipW0;0 X1113-I sip puma 01 IOU shyly aanssi 1pg1 muCI uoilp.iidxg ag1 of loi.id s,iup lspal 1p Supilm ui Almo!3auag so!jpou lanssi ssolun `alpQ uoilpndxg atg uToi3 sAup 3o poiiad p Io1 papualxa aq Ilpils a1pQ uoiluiidxg otp `aipQ uoilpndxg aill of loud upoi0 3o iallari sip 3o iunoum lin3 atll unmulp 1ou suq tiptat3auag 3I ❑ •a1p(j uonpndxg atp;)lo;aq so uo 1ipax0 3o louo-I sigl;o Suoisinoid atll qI!m ooupilduloo hills ui paluasaid s13pTQ iip louoq of saoi8p Janssl •(aw(j) 6lOZ 5l b0 Q0 (arms) 'W'd O£:b it, ssoippp s,.Tanssl iu ssomsnq;o asolo aq1 1p somdxa 11pai0 3o laua-I STq j, g Lv(l NOL V-djdXg CI IRREVOCABLE STANDBY LETTER OF CREDIT j ISSUER:VISIONBANK OF IOWA 104 CHESTNUTST AMES,IA 50010-8058 Date of Issue:12-04.2018 Letter of Credit Number: 144 Amount: U.S. $ 4,680.00 ( FOUR THOUSAND SIX HUNDRED EIGHTY 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. T 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. T A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#144 DATED DECEMBER 4,2018,FOR THE ACCOUNT OF HUNZIKER DEVELOPMENT COMPANY ❑ 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 DEVELOPMENT COMPANY LLC TO SECURE PUBLIC IMPROVEMENTS IN HAYDEN'S CROSSING,2ND 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 yo Z abed 60OZ'LOOZ OO saoiAJaS Iehuew j jaMniN siaiiom 00160601 ZL90d1NA YV1swalsASsialueg @dWA 60OZ/L L/6 AGONVIS-01 1ppai0;o jolial dgpuelS algeoonaJJI (apls,pae ameN iaugis) 83)INtl81VIOa3WW09-IN301SHd 301A,ssnO NVHItlN (aTeQ) c (amlea�tS) (=um Ianssl) VM01 JO NNVSN01SIA •algEollddE sE `dSI 30 dOfl a D Elam luaisisu00uT lou a1E smEl i[Ons sE fuol OS `Eouauid ;o s31ms palTufl OTl1 FM01 3o stAq Pip Aq paUJDAOS aq oslE llEEs 1!p3lD }o Iaua-I snU (86dSI) 8661 SO3113Eld AgpumS IEuopma1ul ails ❑ •luaUlpunulE iO uOISIOA 13JEI AUR IO °(dDfl)009 'ON UouE3Tlgnd aolaUliUOD ;o IagUreEO jUaOIIUUI31UI `UOISIAag LOOZ `s1IpaIO famuaumoo(I I03 awlouid puE smolsnD uuo;Tufl ails :Aq pamano;I aq IIEEs 1TpaIO 3o Iaua-1 STU •rnd-I g'IgdDTlddV algEla;saEll-uou alcirnpuE11 ❑ s► upaiD jo Iaua-I STU -All'IIgV-dH3SI Vdl •,SIE! gauag o1 Ianssl ulo13 aopou AuE 1nopm Uo andxa IlEils 1!paJD 30 Iaua'-I STEP `Juana CUE UI •1!palD JO IaUa-I dill pualxa o1 lou stoala Ianssl wip a1EQ uonwidxg aTp of loud sAup 1s8al lE EmIum III Ailmo!3auag Saijpou Ianssl ssalun `a1EQ uopvJ!dxg ails UloI; ssi?p ;o pound E Io; papualxa aq Ilegs a1EQ uOTPEndxg aip `awcl uoilUmdxg aql of Ioud i!paiD ;o Iaua-I slip ;O lunoiue lln3 aEJ umup lou SEq famogauag 31 ❑ •aIEQ uo!1EITdxg aEP alo;aq jo uo 1TpaIO 3o Iaua-I sTT[3 30 SUO!s!Aold Olp pm aowilduloo 1oills Tn paluasald s13EIQ lit, Iouoq o1 saalSE Ianssl •(a1E(j) 6IOZ•VO-ZI uo (auL) •W•d0E:V lE ssalppE S Ianssl le ssau!snq JO asolo aqj lE sandxa 1!pOiD jo muaZ snU •g.LVG NOIJV-dldXg Diane Voss From: Tracy Peterson Sent: Thursday, December 3, 2020 8:50 PM To: Diane Voss Cc: John Joiner;Justin Dodge; Keith Arneson;Joel A. Thilges Subject: LOCs Attachments: Scenic Valley 5th - Partial Release #1.pdf; Scenic Valley 4th - Partial Release #2.pdf, Sunset Ridge 9th Addition - Partial Release#2.pdf; Sunset Ridge 8th Addition - Partial Release #3.pdf; South Fork Wrap Up - Final Release.pdf; South Fork 9th - Final Release.pdf; Crane Farm 6th Addition - Partial Release #2.pdf; Crane Farm 2nd - Partial Release #4.pdf Importance: High Diane, Attached please find Letter of Credit partial and full release letters. Let me know if you have any questions. 1. Both Hayden's Crossing 1st and 2"d Additions should be renewed at current amounts ($4,680 and $37,810 respectively). 2. Attached are LOC letters for reduction for Scenic Valley 4th and 5th, Sunset Ridge 81h and 9th, Crane Farm 2"d and 6th plus final releases for South Fork 91h and Wrap Up. Have a nice evening, Friday (by the time you read this!) and weekend! ("'`Please note my name change and updated email address below") Tracy Peterson, PE Municipal Engineer Public Works Department City Hall, 515 Clark Ave. I Ames, IA 50010 Asawk AMF Al, 515.239.5163 main tracy.peterson@cityofames.org Mailing: 515 Clark Ave. I Ames, IA 50010 www.CityofAmes.org Help make the City of Ames even better/ Download the Ames on the Go app today! 1 r f � IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010-8058 Date of Issue:12-04-2020 Letter of Credit Number: 144 Amount: U.S. S 4,680.00 ( FOUR THOUSAND SIX HUNDRED EIGHTY 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. ® 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. N A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#144 DATED DECEMBER 4,2020,FOR THE ACCOUNT OF HUNZIKER DEVELOPMENT COMPANY ❑ 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 DEVELOPMENT COMPANY LLC TO SECURE PUBLIC IMPROVEMENTS IN HAYDEN'S CROSSING, 1 ST ADDITION Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 VMPO Bankers SystemsTM VMPC612 (09091.00 Wolters Kluwer Financial Services©2001,2009 Page 1 of 2 Z to Z 86ed 60OZ't00Z(D saoiniaS leiouewd 3aMnl)l sialloM 0016060) Zt90dlNA wlswalsASsialue8 epolNA 600Z/t t/6 A8(INViS-01 1ipa10;o jaual A9pUelSalgeoonaiiI (allu puu—NI J-21s) 83MV8 1V10831NINOTIN301SIdd 301A"SSf18 NVHIVN (oluu) it g" (mwN aanssl) VM01 A NNVBNOISIA •algE-)ilddu sE `dSI.To d3fl aul qIyA lualsisuooul 1ou a.TE smul qons sE 8uol os `Eoi.Taurd 3o SalplS palrun ;)III VMOI 3o smul aTp Xq pau.TanOR aq oslu llEgs JiparL) 3o njjJ I sigZ '(86dSI)8661 SaoiloE.Td�gpumS lEuoilmialul aq1 ❑ •Juaurpu3UM so uois.laA aaJEi AuE]O `(dDfl)009 'ON uoilEoilgnd ao.laufLaOD 30 .Taq=gD ll9uollEuialul `UOTS IN LOOZ `SJipa.rD (lvluaulnoo(I ao3 aoTloErd pAE sulolsnD uuo;tun aq1 :fq POuian08 aq IIEgs JtpolD 3o jalla'I sig,L -MV-1 d"IUV31-Iddd algETa3suEi1-uou ® algEia3suE.T1 ❑ si Jipa.TD3o n11a'I sigL 'AJI'II9d2IgdSNV-dL •farimpuag of aanssl tuoij aoilou AuE 1noTp m uo a.ridxa IIEgS JtpaaD 3o lalla-I SiTp `Juana SUU ul 'Jipalj 3o iallarl SIT pualxa of Jou sloala ianssl lEgl aJEQ uoTJE.lidxg aql of .loud sftp JsEal lE 8uilpm u► Ajuiogauag s3ij!lou .Tanssl ssapin `aJEQ uoiluiidxg aqJ uuoij s�,ep ;o pound E Io3 papualxa ag hugs aJEQ uoilundxg aqJ `a1EQ uoilE.ndxg aq1 o1 loiid ppoiD;o .zalla'I sigJ 3o JunoTuu 11rr3 iql umuip 1ou sEq XIEioi3auag 3I ❑ a1EQ uoijumdxg xp a.TojN so uo llpoio 3o ialla-I Sig1;o suoiSino.id aql Tp m aouEilduroo lauls uT poluasaid sl3ETQ IIE iouoq of saaiBE .Tanssl •(a1E(l) tZOZ•b0•Zt uo (axis) W'd 0£b it, ssa.Tppu s,aanssl lE ssauisnq;o asolo aql it, sa.Tidxa 1ipa.TD;o .ralla-I sigL 'd LdQ NOI LV2IIdXg IRREVOCABLE STANDBY LETTER OF CREDIT (A' _ y r ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST �� r 1Tus s V)41 AMES,IA 50010-8058 Date of Issue:12-04-2020 Letter of Credit Number: 144 Amount: U.S. $ 4,680.00 ( FOUR THOUSAND SIX HUNDRED EIGHTY AND NO1100 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. ® 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. N A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#144 DATED DECEMBER 4,2020,FOR THE ACCOUNT OF HUNZIKER DEVELOPMENT COMPANY ❑ 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 DEVELOPMENT COMPANY LLC TO SECURE PUBLIC IMPROVEMENTS IN HAYDEN'S CROSSING,2ND ADDITION Irrevocable Standby Letter of Credit LC-STANDBY 9/11/2009 VMP8 Bankers SystemsTM VMPC612 (09091.00 Wolters Kluwer Financial Services©2001,2009 Page 1 of 2 Z;o Z aBed 60OZ'LOOZ OO s90!niaS Jegueui j iarnnl)l siailoM 00'(6060) ZL9DdWA VJ1swalsASsJalueg apdWA 60OZ/L L/6 A80NV1S01 ppajo;o iailaj AgpuelSajge30Aaiij (alu,L Pne—K J-2,S) 83NNV81V10831NW00.1N301S3Hd 301A'SSf18 NVHIVN (a1eQ) (amlzu8?S) ey (atae�Janssl) tlM0130�NVBNOISIA •olquoilddu st, `dSI JO dOfl aql pm lualstsuOaui lou aft,smut Bons St,$uol os `u317auid Jo saluls pal?u[l aql Val 3o snnul aql Aq pauJanOB aq oslu Iluqs 1?paij Jo Jallarl sigL '(86dSI)866i saoilot,Jd XgpuelS luuoilt,uJalul aql ❑ •luauJpuauiu 10 uoisJaA Jalt,l Put,JO `(dDfl)009 'ON uoiluoilgnd aoJaunuOD JO JaquiuU lt,uoiluuJalul `u0isinag LOOZ `slipaJD Simuaumoocl JoJ 0.39MJd put, suiolsnD uuoJiu fl oql fXj :Iq pamano8 aq lit,gs 1ipaJD Jo Jallarl siq.L -AkV-j g"IgNDI'Iddd 'alqu iputm-uou ® olquia3suuJ1 ❑ si 1ipaJD Jo Jalla-I siq.L -,k LI"IIgd2IgdS1\V-d L •[CJt,ioi;auag of Janssl uioJJ aoilou Sup inopm uo aJldxa llugs 1?paJD Jo J0110-1 s?ql `IuaAa Suu ul -1ip013 JO Jalla-1 Sigl pualxa of Iou sloalo Janssl lugs 3w(j uoilt,3idxg a p of Joud sSup Isual It, $uillim ui Amoi;auag salpou Janssl ssalun `alt,Q uoilt,Jidxg oql uioJJ siCup Jo popad t, JoJ popualxa al llugs a1t,Q uoptuidxg aql `aluQ uoiluJidxg oql of Joiid 1ipaJD Jo Jalla-1 sigl Jo lunouiu llnJ aql umvip lou suq AIt,ioi.Jauog Jl ❑ •aluQ uo?luJ?dxg aq1 ojoJaq Jo uo 1?paJO Jo Jalla-1 Sig1 JO su0?s?Aoid aql glint aouuilduioo lo?Jls ui paluasaid s1JuJQ lit, Jouoq of soaJSt, Janssl •(alu(j) ozoz-v0-Zl uo (aun,L) M'd 0£:b lie ssaippu s,Janssl lt, ssauisnq Jo asolo aql lu saJidxa lipwD Jo Jalla-1 sigL •gZd4 NOI.LN2IIdXg IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010-8058 Date of Issue:12-04-2019 Letter of Credit Number: 144 Amount: U.S. $ 4,680.00 ( FOUR THOUSAND SIX HUNDRED EIGHTY 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. ® 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. l�G A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#144 DATED DECEMBER4,2019,FOR THE ACCOUNT OF HUNZIKER DEVELOPMENT COMPANY ❑ 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 DEVELOPMENT COMPANY LLC TO SECURE PUBLIC IMPROVEMENTS IN HAYDEN'S CROSSING,2ND ADDITION Irrevocable Standby Letter of Credit VMP 0J Bankers SystemsTM LC-STANDBY 9/11/2009 VMPC612 (09091.00 Wolters Kluwer Financial Services 2001,2009 Page 1 of 2 Z;o Z 96ed 60OZ'100Z OO saolniaS leiouewj iamn0l siallom '160601 Zt90dWn VY1swalsAS sia�lue8(R)MA 00 601 L U6 A90:)dV4ANViS 1!pai0;o iaual AgpueiS algeoonaiJl (3pu PUB QUWN iau2iS) 83NNVOW383INNOTIN301S38d 331A'Ssns NVHIVN (aJEQ) (amizu�>S) - (atneN ianssj) VM01 JO HNVON01SIA •alquoilddu se `dSI i0 dOfl agl Liam lualsisaooui lou an smel Bons sE Suol os`eouamy 3o Balms paJ?ufl aqJ V of 3o smul ail Sq pauiano8 aq osle Ileqs Jipa10 3o nua-I si%L '(86dSI) 8661 saoiloujd AgpumS Ieaopumalul NI 0 luauipuamu so uoislaA Ialel SUE Io `(dON 009 'ON uolluoilgnd aoiaanuo0 3o .iaquieg0 luuopFinalul `uoisinag LOOZ `Slipal0 I umuaumooQ lo3 aoilood pue siuolsn0 uuo3iufl aql :gq pauianoI?aq Ilegs lipaiO;o iauoq siil.L 'MV-1 d'IHNOI Iddv 'algeia3sauil-uou ® algeiapuu-ii ❑ si lipaiO;o jaua'I spU 'A.LI'II9V-d9dSNV-dJ, -Aiuiogauag o1 lanssl uioi3 aoilou Niue lnogum uo andxa hags lipai0 3o saual si P `Juana Niue u1 'lipai0 3o iaua-1 SHU pualxa of lou sJoala ianssl lugJ a1eQ uotlendxg aqJ of loud s Cup lsual le 2m1um ul tiuioi3auag saguou ianssl ssalun `aleQ uoivuldxg aql uioi3 ssLp ;o pouad a io; papuaixa aq llegs aw(l uoilendxg aql `aluQ uonundxg aql of loud JlpaiO 3o nua'l srEp 3o lunomu lln; aql umBip lou seq 6iut393ua9 3I ❑ •aluQ uoilundxg aql a-io3aq io uo lipai0 3o aaual supjo saoisinold aqi rpm aouuildumo loins ui paluasaid sgutQ llu iouoq of saaife ianssl -(aluQ) OZOZ-vo-ZI uo (amiL) 'W'dOE:b le ssaippu s,.ianssl le ssaaisnq JO asolo aql lu sandxa lipaiO JO Jauoq Sall, '3JV(I NOIJV'dldXg Item No. 34 Ames . Smart Choice Public Works Department 515 Clark Avenue,Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 May 13, 2022 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 RE: Hayden's Crossing 1st Addition Financial Security Reduction- Final Mayor and Council Members: I hereby certify that all public sidewalk required as a condition for approval of the final plat of Hayden's Crossing VL Addition, have been completed in an acceptable manner by Manatts, Inc. of Ames, Iowa. 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 released in full. Sincerely, �r John C.Joiner, P.E. Director JJ/cc cc: Finance, Developer, Planning& Housing, Subdivision file Public Works Department 515.239.5160 ,, rn 515 Clark Ave.P.O.Box 811 Engineering 515.239.5404 Ames,IA 50010 wtivw.City ofA mes.org �. IRREVOCABLE LETTER OF CREDIT Borrower: HUNZIKER DEVELOPMENT GROUP LLC Lender: VISIONBANK OF IOWA 105 S 16TH STREET AMES AMES, IA 50010 104 CHESTNUT ST. AMES, IA 50010 Beneficiary: CITY OF AMES PO BOX 811 AMES, IA 50010 NO.: 144 EXPIRATION DATE. This letter of credit shall expire upon the close of business o 12-01-20 d all drafts and accompanying statements or documents must be presented to Lender on or before that time (the "Expiration Date"). AMOUNT OF CREDIT. Lender hereby establishes at the request and for the account of Borrower, an Irrevocable Letter of Credit in favor of Beneficiary for a sum of Four Thousand Six Hundred Eighty &00/100 Dollars ($4,680.00) (the "Letter of Credit"). These funds shall be made available to Beneficiary upon Lender's receipt from Beneficiary of sight drafts drawn on Lender at Lender's address indicated above (or other such address that Lender may provide Beneficiary in writing) during regular business hours and accompanied by the signed written statements or documents indicated below. WARNING TO BENEFICIARY: PLEASE EXAMINE THIS LETTER OF CREDIT AT ONCE. IF YOU FEEL UNABLE TO MEET ANY OF ITS REQUIREMENTS, EITHER SINGLY OR TOGETHER, YOU SHOULD CONTACT BORROWER IMMEDIATELY TO SEE IF THE LETTER OF CREDIT CAN BE AMENDED. OTHERWISE, YOU WILL RISK LOSING PAYMENT UNDER THIS LETTER OF CREDIT FOR FAILURE TO COMPLY STRICTLY WITH ITS TERMS AS WRITTEN. DRAFT TERMS AND CONDITIONS. Lender shall honor dra ta,submitted by Beneficiary under the following terms and conditions: THIS LETTER OF CREDIT WAS OBTAINED BY HUNZIKER.- ELOPMENT GROUP LLC FSE AND BENEFIT OF HUNZIKER DEVELOPMENT GROUP LLC TO SECURE PUBLIC IMPROVEMENTS HAYDEN'S CROSSING, ADDITION. Upon Lender's honor of such drafts, Lender she be fully discharged of ender's obligations under this Letter of Credit and shall not be obligated to make any further payments under this Letter of Credit once the full amount of credit available under this Letter of Credit has been drawn. Beneficiary shall have no recourse against Lender for any amount paid under this Letter of Credit once Lender has honored any draft or other document which complies strictly with this Letter of Credit, and which on its face appears otherwise in order but which is signed, issued, or presented by a party or under the name of a party purporting to act for Beneficiary, purporting to claim through Beneficiary, or posing as Beneficiary without Beneficiary's authorization. By paying an amount demanded in accordance with this Letter of Credit, Lender makes no representation as to the correctness of the amount demanded and Lender shall not be liable to Beneficiary, or any other person, for any amount paid or disbursed for any reason whatsoever, including, without limitation, any nonapplication or misapplication by Beneficiary of the proceeds of such payment. By presenting upon Lender or a confirming bank, Beneficiary certifies that Beneficiary has not and will not present upon the other, unless and until Beneficiary meets with dishonor. Beneficiary promises to return to Lender any funds received by Beneficiary in excess of the Letter of Credit's maximum drawing amount. USE RESTRICTIONS. All drafts must be marked "DRAWN UNDER VISIONBANK OF IOWA IRREVOCABLE LETTER OF CREDIT NO. 144 DATED 12-01-2021," and the amount of each draft shall be marked on the draft. Only Beneficiary may complete a draft and accompanying statements or documents required by this Letter of Credit and make a draw under this Letter of Credit. This original Letter of Credit must accompany any draft drawn hereunder. Partial draws are permitted under this Letter of Credit. Lender's honor of a partial draw shall correspondingly reduce the amount of credit available under this Letter of Credit. Following a partial draw, Lender shall return this original Letter of Credit to Beneficiary with the partial draw noted hereon; in the alternative, and in its sole discretion, Lender may issue a substitute Letter of Credit to Beneficiary in the amount shown above, less any partial draw(s). PERMITTED TRANSFEREES. The right to draw under this Letter of Credit shall be nontransferable, except for: A. A transfer (in its entirety, but not in part) by direct operation of law to the administrator, executor, bankruptcy trustee, receiver, liquidator, successor, or other representative at law of the original Beneficiary; and B. The first immediate transfer (in its entirety, but not in part) by such legal representative to a third party after express approval of a governmental body(judicial, administrative, or executive). TRANSFEREES REQUIRED DOCUMENTS. When the presenter is a permitted transferee (i) by operation of law or (ii) a third party receiving transfer from a legal representative, as described above, the documents required for a draw shall include a certified copy of the one or more documents which show the presenter's authority to claim through or to act with authority for the original Beneficiary. COMPLIANCE BURDEN. Lender is not responsible for any impossibility or other difficulty in achieving strict compliance with the requirements of this Letter of Credit precisely as written. Beneficiary understands and acknowledges: (i) that unless and until the present wording of this Letter of Credit is amended with Lender's prior written consent, the burden of complying strictly with such wording remains solely upon Beneficiary, and (ii) that Lender is relying upon the lack of such amendment as constituting Beneficiary's initial and continued approval of such wording. NON-SEVERABILITY. If any aspect of this Letter of Credit is ever declared unenforceable for any reason by any court or governmental body having jurisdiction, Lender's entire engagement under this Letter of Credit shall be deemed null and void ab initio, and both Lender and Beneficiary shall be restored to the position each would have occupied with all rights available as though this Letter of Credit had never occurred. This non-severability provision shall override all other provisions in this Letter of Credit, no matter where such provision appears within this Letter of Credit. GOVERNING LAW. This Agreement will be governed by federal law applicable to Lender and, to the extent not preempted by federal law, the laws of the State of Iowa without regard to its conflicts of law provisions, and except to the extent such laws are inconsistent with the 2007 Revision of the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce, [CC Publication No. 600. This Agreement has been accepted by Lender in the State of Iowa. EXPIRATION. Lender hereby agrees with Beneficiary that drafts drawn under and in compliance with the terms of this Letter of Credit will be duly honored if presented to Lender on or before the Expiration Date unless otherwise provided for above. IRREVOCABLE LETTER OF CREDIT Loan No: 550674656 (Continued) Page 2 Dated: December 1, 2021 LENDER: VISIONBANK OF IOWA A-14 a�US , VICE PRESIDENT- COMMERCIAL BANKER ENDORSEMENT OF DRAFTS DRAWN: Amount Amount Date Negotiated By In Words In Figures L.—Pr V—21 3.11.003 Cppr.F,--USA Corporation 1997.2021. All Rights Res—d -IA C:ILASERPA01CFI\LPL1C43LDC.FC T-143 PR-]